**REGISTERED CHARITY NUMBER: 1023328**
## **Report of the Trustees and**
## **Unaudited Financial Statements for the Year Ended 31 March 2021**
**for**
## **NEW LIVING MINISTRIES**
Knox Cropper LLP 153-155 London Road Hemel Hempstead Hertfordshire HP3 9SQ
## **NEW LIVING MINISTRIES**
## **Contents of the Financial Statements for the Year Ended 31 March 2021**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|11|
|**Detailed Statement of Financial Activities**|12|to|13|
## **NEW LIVING MINISTRIES**
## **Report of the Trustees for the Year Ended 31 March 2021**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The promotion of the heart of God (Jesus Christ) in action, grace and being there for people. We do this through meeting together, encouraging gifts, projects and businesses.
## **Significant activities**
Activities included:
Phoenix Academy - Education for all children ages 5 - 18 years of age.
Kenya & Sri Lanka - Charities to benefit living standards in these areas.
## **Public benefit**
Community projects and education.
## **Volunteers**
None
## **ACHIEVEMENT AND PERFORMANCE Charitable activities**
## **Rainbow**
The Trust uses the name Rainbow. Rainbow meet monthly for prayer or peace meals. We also promote other events within the local and wider community. These include such things as art events, holidays (i.e. camping), mission trips abroad and community events.
## **Phoenix Academy**
Phoenix Academy is registered as an Independent School and governed by OFSTED. It continues to operate from 85 Bounces Road, N9. It has around 20 students enrolled between the ages of 5 - 18 years old and all are working towards achieving an ICCE qualification at school leaving age. The school operates with a Board of Governors consisting of Gareth Hawkes (Chair), Pauline Hawkes, Adrian Hawkes, Malachi Kelly, Samuel Kelly, Angela Kelly, Paul Kelly (Head Teacher), Jeffrey Al Coates, Gena Areola (Designated Safeguarding Officer) and Karen Allen (Parent). The Academy charges low fees to parents sufficient to subsidise staff wages and learning materials.
## **Fundraising activities**
We receive regular gifts from our church attendees and local community.
## **Internal and external factors**
The New Living Ministries Trust has been sponsored by Phoenix Community Care Ltd (PCC). PCC is a local charity working with looked after children, care leavers, asylum seekers and refugees.
## **FINANCIAL REVIEW**
## **Principal funding sources**
The trust is primarily funded by donations and the receipt of subsidised school fees. We had various staff during this financial year on furlough in the school and Gareth Hawkes (Main Organiser) for the church activities was also on furlough.
Page 1
NEW LIVING MINISTRIES
Report ofthe Trustses
for the Year Ended 31 Mar¢h 2021
FUTURE PLANS
To continue to meet up regularly and support the various projects and individuals in the church and Feople in
the ¢ommunty whilst finding ways of keeping intemathjnal communicth.on consistent.
Arranging various events which support the ethnic poorer cOmmun"e$.
To continue lo find way5 of cornmunrAting God's Love in our acts'ons and
ppjrt Tottenham's widgr community thugh our relationship wth PCC and other organisations l eharrbe$.
STRUCTURE, GOVERNANCE AND IUNAGEMENT
Governing &xumont
The d)aTity is controlled by its goveming document, a deed of trust and ¢¢nsts"tule$ an unirKorporated charty.
REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered Charity nufflber
1023328
Prfncipal address
85 Boun Road
London
N9 8LD
Trustees
Mr$ A K81
G l J Havl(es
G Muoria
JA H8wkes
Ind•p•ndènt Examin•r
Knox Cropper LLP
15>155 London Road
Hemel Hempstead
Hertfordshire
HP3 9SQ
EVENTS SINCE THE ENO OF THE YEAR
Information relating io events Sin the end of the year is given in th& notss to lh¢ ffinanaal statements.
ApprDved by (xder of fv bDard oftrL&Stees on...... .
. svJned on it3 behalf by..
Tru
Page 2
## **Independent Examiner's Report to the Trustees of New Living Ministries**
## **Independent examiner's report to the trustees of New Living Ministries**
I report to the charity trustees on my examination of the accounts of New Living Ministries (the Trust) for the year ended 31 March 2021.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Stephen Anderson Knox Cropper LLP 153-155 London Road Hemel Hempstead Hertfordshire HP3 9SQ
Date: .............................................
Page 3
## **NEW LIVING MINISTRIES**
## **Statement of Financial Activities for the Year Ended 31 March 2021**
|**2021**
Unrestricted
Restricted
**Total**
fund
fund
**funds**
Notes
£
£
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**53,843**
**-**
**53,843**
**Charitable activities**
School
**55,376**
**-**
**55,376**
Investment income
2
**-**
**-**
**-**
**Total**
**109,219**
**-**
**109,219**
**EXPENDITURE ON**
**Charitable activities**
School
**83,663**
**-**
**83,663**
Other
**16,626**
**-**
**16,626**
**Total**
**100,289**
**-**
**100,289**
**NET INCOME**
**8,930**
**-**
**8,930**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**(53,601)**
**623**
**(52,978)**
**TOTAL FUNDS CARRIED FORWARD**
**(44,671)**
**623**
**(44,048)**|2020
Total
funds
£
50,955
77,050
1
128,006
100,695
21,054
121,749
6,257
(59,235)
(52,978)|
|---|---|
The notes form part of these financial statements
Page 4
## **NEW LIVING MINISTRIES**
## **Balance Sheet 31 March 2021**
|Unrestricted
Restricted
fund
fund
Notes
£
£
**CURRENT ASSETS**
Debtors
7
**12,065**
**-**
Cash at bank
**9,728**
**623**
**21,793**
**623**
**CREDITORS**
Amounts falling due within one year
8
**(66,464)**
**-**
**NET CURRENT ASSETS/(LIABILITIES)**
**(44,671)**
**623**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**(44,671)**
**623**
**NET ASSETS/(LIABILITIES)**
**(44,671)**
**623**
**FUNDS**
10
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|**2021**
**Total**
**funds**
**£**
**12,065**
**10,351**
**22,416**
**(66,464)**
**(44,048)**
**(44,048)**
**(44,048)**
**(44,671)**
**623**
**(44,048)**|2020
Total
funds
£
13,852
4,143
17,995
(70,973)
(52,978)
(52,978)
(52,978)
(53,601)
623
(52,978)|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Trustee
The notes form part of these financial statements
Page 5
**Notes to the Financial Statements for the Year Ended 31 March 2021**
## **NEW LIVING MINISTRIES**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 6
continued...
## **NEW LIVING MINISTRIES**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **2. INVESTMENT INCOME**
## **3.**
|Deposit account interest
**TRUSTEES' REMUNERATION AND BENEFITS**
Trustees' salaries|**2021**
**£**
**-**
**2021**
**£**
**5,640**|2020
£
1|
|---|---|---|
|||2020
£
5,640|
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
## **4. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Average monthly number of employees
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
50,955
**Charitable activities**
School
77,050
Investment income
1
**Total**
128,006
**EXPENDITURE ON**
**Charitable activities**
School
100,695
Other
21,054
**Total**
121,749|**2021**
**6**
Restricted
fund
£
-
-
-
-
-
-
-|2020
5
Total
funds
£
50,955
77,050
1|
|---|---|---|
|||128,006
100,695
21,054|
|||121,749|
## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Page 7
continued...
## **NEW LIVING MINISTRIES**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
|**5.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Restricted
fund
fund
£
£
**NET INCOME**
6,257
-
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
(59,858)
623
**TOTAL FUNDS CARRIED FORWARD**
(53,601)
623
**6.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 April 2020 and 31 March 2021
**DEPRECIATION**
At 1 April 2020 and 31 March 2021
**NET BOOK VALUE**
At 31 March 2021
At 31 March 2020
**7.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2021**
**£**
Trade debtors
**6,986**
Other debtors
**5,079**
**12,065**|Total
funds
£
6,257
(59,235)
(52,978)
Fixtures
and
fittings
£
**16,489**
**16,489**
**-**
-
2020
£
13,852
-
13,852|
|---|---|
Page 8
continued...
## **NEW LIVING MINISTRIES**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade creditors
Other creditors
**9.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Other loans
**10.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**Restricted funds**
Restricted
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.4.20
£
**(53,601)**
**623**
**(52,978)**
Incoming
resources
£
**109,219**
**109,219**|**2021**
2020
**£**
£
**3,063**
5,015
**63,401**
65,958
**66,464**
70,973
**2021**
2020
**£**
£
**57,559**
59,933
Net
movement
At
in funds
31.3.21
£
£
**8,930**
**(44,671)**
**-**
**623**
**8,930**
**(44,048)**
Resources
Movement
expended
in funds
£
£
**(100,289)**
**8,930**
**(100,289)**
**8,930**|
|---|---|---|
Page 9
continued...
## **NEW LIVING MINISTRIES**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **10. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|||Net|||
|---|---|---|---|---|
|||movement||At|
||At 1.4.19|in funds|31.3.20||
||£|£||£|
|**Unrestricted funds**|||||
|General fund|(59,858)|6,257|(53,601)||
|**Restricted funds**|||||
|Restricted|623|-||623|
|**TOTAL FUNDS**|(59,235)|6,257|(52,978)||
|Comparative net movement in funds, included in the above are as follows:|||||
||Incoming|Resources|Movement||
||resources|expended|in funds||
||£|£||£|
|**Unrestricted funds**|||||
|General fund|128,006|(121,749)||6,257|
|**TOTAL FUNDS**|128,006|(121,749)||6,257|
A current year 12 months and prior year 12 months combined position is as follows:
||||Net||
|---|---|---|---|---|
||||movement|At|
||At 1.4.19||in funds|31.3.21|
|||£|£|£|
|**Unrestricted funds**|||||
|General fund|(59,858)||15,187|(44,671)|
|**Restricted funds**|||||
|Restricted||623|-|623|
|**TOTAL FUNDS**|(59,235)||15,187|(44,048)|
Page 10
continued...
**Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **NEW LIVING MINISTRIES**
## **10. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
237,225
237,225|Resources
Movement
expended
in funds
£
£
(222,038)
15,187
(222,038)
15,187|
|---|---|---|
## **11. RELATED PARTY DISCLOSURES**
The charity owes £59,274 (£61,774 - 2020) to Pauline and Adrian Hawkes, who are the parents of two of the trustees of the charity.
Phoenix Community Care Limited owes £400 (£526 - 2020) to the charity. The parties are related as a result of directors/members/trustees having positions within each entity.
## **12. COVID-19 PANDEMIC**
The COVID-19 pandemic started prior to the year end. The Trust operates both a school and church. The church gatherings moved online. The school was thrown into a very different situation having to follow and meet the Department for Education's criteria which changed almost daily. The school was eventually ordered to close with staff and students then attempting to work remotely. The learning was disrupted but the Trust was able to deliver all their commitments to the students.
There has been no significant impact on the finances of the charity and the trustees have considered the balance sheet at the year end and they are of the opinion that no adjustments are required. The accounts have been prepared on a going concern basis because Pauline and Adrian Hawkes have confirmed that they are willing to continue to support the charity for the foreseeable future and will not request repayment of the loan (see note 11) until there are sufficient funds in the charity to do so.
Page 11
## **NEW LIVING MINISTRIES**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2021**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Gifts
Gift aid
Grants
**Investment income**
Deposit account interest
**Charitable activities**
School fees
Rents received
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Social security
Pensions
Activities
**Other**
Trustees' salaries
Books and publications
Equipment hire
Gifts and donations
Repairs and maintenance
Membership
Sundry expenses
Training
Travel and subsistence|2021
£
**30,708**
**4,328**
**18,807**
**53,843**
**-**
**40,976**
**14,400**
**55,376**
**109,219**
**53,548**
**-**
**1,118**
**1,349**
**56,015**
**5,640**
**4,598**
**2,640**
**1,186**
**1,621**
**903**
**509**
**-**
**(471)**
**16,626**|2020
£
46,252
4,703
-|
|---|---|---|
|||50,955
1
57,850
19,200|
|||77,050|
|||128,006
57,273
864
1,088
4,443|
|||63,668
5,640
2,774
1,191
756
6,053
776
434
12
3,418|
|||21,054|
This page does not form part of the statutory financial statements
Page 12
## **NEW LIVING MINISTRIES**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2021**
|**Support costs**
**Management**
Insurance
Light and heat
Telephone
Postage and stationery
Rent and rates
Materials and software
Cleaning
**Finance**
Bank charges
**Other**
Accountancy fees
Independent examiner fees
Total resources expended
**Net income**|2021
£
**2,315**
**2,327**
**282**
**1,279**
**14,666**
**1,360**
**1,912**
**24,141**
**51**
**2,016**
**1,440**
**3,456**
**100,289**
**8,930**|2020
£
3,271
3,255
220
1,309
21,695
1,779
2,804|
|---|---|---|
|||34,333
66
1,428
1,200|
|||2,628|
|||121,749|
|||6,257|
This page does not form part of the statutory financial statements
Page 13