2023-03-31-accounts

		Pages
Trustees' Annual Report		2to 4
Independent Examiner's	Report
Statement of Financial Activities
Balance Sheet
Notes to the Accounts		8to 13
Detailed Statement of Financial Activities		14to 15

Statement o forthe year	f Financial Activit ended 31March	ies 2023
			Unrestricted	Restricted
			funds	funds	Total funds	Total funds
			2023	2023	2023	2022
		Notes	f	f	E	f
Income and	endowments
from;
Donations	and legacies		58,377	240	58,617	47,126
Charitable	activities		0	2,007	2,007	475
Investments			55	6	61
Other			11,857		11,857	18,594
Total			70,289	2,253	72,542	66,195
Expenditure	on:
Charitable	activities		10,686	2,012	12,698	1,922
Other			54,049	144	54,193	53,644
Total			64,735	2,156	66,891	55,566
Net gains on	investments
Net income			5,554	97	5,651	10,629
Transfers between funds
Net Income gains/(losses)	before other		5,554	97	5,651	10,629
Other gains and losses
Net movement In funds			5,554	97	5,651	10,629
Reconciliation offunds:
Total funds brought forward			436,387	4,652	441,039	430,410
Total funds carried forward			441,941	4,749	446,690	441,039

New Life Church - Ok Balance Sheet at 31March 2023	New Life Church - Ok Balance Sheet at 31March 2023	New Life Church - Ok Balance Sheet at 31March 2023	ehampton
Charity No. 1050313					2023	2022
					6	f
Fixed assets
Tangible assets				9	435,000	435,000
					435,000	435,000
Current assets
Debtors				10		110
Cash at bank and		in hand			38,699	36,284
					38,699	36,394
Creditors: Amount	falling due within one year			11	(3,599)	(2,933)
Net current assets					35,100	33,461
Total assets less current liabilities					470,100	468,461
Creditors: Amounts		falling due after more than one year		12	(23,410)	(27,422)
Net assets excluding			pension asset or liability		446,690	441,039
Total net assets					446,690	441,039
The funds ofthe charity
Restricted funds				13
Restricted income			funds		4,749	4,652
					4,749	4,652
Unrestricted funds				13
General funds					441,941	436,387
					441,941	436,387
Reserves				13
Total funds					446,690	441,039

last year and no chan	last year and no chan	last year and no chan	ges have been made to accounts for previous years.
Fund accounting
Unrestricted		funds	These are available for use at the discretion ofthe trustees			in furtherance			of	the
			general objects ofthe charity.
Designated		funds	These are unrestricted funds earmarked by the trustees	for particular			purposes.
Revaluation		funds	These are unrestricted funds which include a revaluation		reserve representing					the
			restatement of investment assets at their market values.
Restricted	funds		These are available for use subject to restrictions imposed			by the donor		or	through
			terms ofan appeal.
Income
Recognition		of	Income is included in the Statement of Financial Activities			(SoFA) when	the		charity
income			becomes entitled to, and virtually certain to receive, the	income and the				amount of
			the income can be measured with sufficient reliability.
Income with		related	Where income has related expenditure the income and	related expenditure						is
expenditure			reported gross in the SoFA.
Donations	and		Voluntary income received by way ofgrants, donations	and gifts Is included					in the
legacies			the SoFA when receivable and only when the Charity has		unconditional		entitlement
			to the income.
Tax reclaims		on	Income from tax reclaims is included in the SoFA at the same time as the
donations	and gifts		gift/donation to which It relates.
Donated services			These are only included in income (with an equivalent amount in expenditure)
and facilities			where the benefit tothe Charity is reasonably quantifiable,			measurable		and
			material.
Volunteer	help		The value ofany volunteer help received is not included	in		the accounts.
Investment		income	This is included in the accounts when receivable.
Gains/(losses) on			This includes any gain or loss resulting from revaluing investments to market							value
revaluation		offixed	at the end ofthe year,
assets
Gains/(losses) on			This Includes any gain or loss on the sale of investments.
investment		assets

2	Income fr	o	m donations	and legacies
					Unrestricted	Restricted	Total	Total
							2023	2022
	Gift Aided		Donations		20,481		20,481	22,534
	Offerings	&Other Donations			20,059		20,299	20,149
	HMRC Gift		Aid		9,275		9,275	4,443
	Charitable		Grants		8,562		8,562
					58,377	240	58,617	47,126
3	Income from charitable			activities
					Unrestricted	Restricted	Total	Total
							2023	2022
	Community		and Ministry	Gifts		760	760
	Street Level					1,247	1,247	73
	Supergang							402
					0	2,007	2,007	475

4	Income from in	v	estme	n	ts
							Unrestricted	Restricted	Total	Total
									2023	2022
	Bank Interest Received						55		61
							55	6	61
5	Other income
								Unrestricted	Total	Total
									2023	2022
	Rental Income							10,803	10,803	11,060
	HMRC Covid JRSGrant									7,534
	Other Income							1,054	1,054
								11,857	11,857	18,594
6	Expenditure on	charitable				activities
							Unrestricted	Restricted	Total	Total
									2023	2022
	Expenditure on charitable
	activities
	Community and	Ministry				Gifts	3,646		3,646	556
	Street Level							954	954	259
	Supergang							818	818	296
	Missionary support						1,410		1,650	811
	Other Charitable		Activities				5,630		5,630
	Governance costs
							10,686	2,012	12,698	1,922
7	Other expenditure
							Unrestricted	Restricted	Total	Total
									2023	2022
	Church Building	Running			Costs		8,074		8,074	9,109
	Manse Running	Costs					6,676		6,676	2,320
	Bank loan and overdraft
	interest payable						1,869		1,869	2,096
	Employee costs						35,190		35,190	34,659
	Motor and travel		costs							58
	General administrative				costs		1,856		2,000	3,818
	Legal and professional			costs			384		384	1,584
							54,049	144	54,193	53,644

8	Staff costs	Staff costs
					2023		2022
	Salaries and		wages		35,190		34,659
					35,190		34,659
	No employee		received emoluments	in excess of660,000.
9	Tangible	fixed assets
				Land and	Church
						Manse	Total
				buildings	Contents
	Cost or revaluation
	At 1April	2022		200,000	20,000	215,000	435,000
	At 31March		2023	200,000	20,000	215,000	435,000
	Net book	values
	At 31March		2023	200,000	20,000	215,000	435,000
	At 31March		2022	200,000	20,000	215,000	435,000
10	Debtors
					2023		2022
					6		f
	Prepayments		and accrued income				110
							110
11	Creditors:
	amounts	falling due within one year
					2023		2022
					f		6
	Bank loans and overdrafts				3,599		2,933
					3,599		2,933
12	Creditors:
	amounts	falling due after more than		one
	year
					2023		2022
					f		f
	Bank loans and overdrafts				23,410		27,422
					23,410		27,422

									Incoming
									resources		At 31
										Resources
								At 1April	(Including other	expended	March 2023
								2022	gains/losses)
									f
	Restricted funds:
	Restricted		income funds:
	Street Level			Fund				3,409	764	(1,026)	3,147
	Supergang		Fund					1,243	1,249	(890)	1,602
	Tanzania	Fund							240	(240)
	Total							4,652	2,253	(2,156)	4,749
	Unrestricted				funds:
	General funds							436,387	70,289	(64,735)	441,941
	Totalfunds							441,039	72,542	(66,891)	446,690
	Purposes	and			restrictions	In relation to the funds:
	Restricted	funds:
	Street Level			Fund
	Supergang		Fund
	Tanzania	Fund
14	Analysis of			net assets between			funds
									Unrestricted	Restricted
											Total
									funds	funds
									f	f	f
	Fixed assets								435,000		435,000
	Net current			assets					33,950	1,150	35,100
	Creditors provisions	due			in more than one		year and		(23,410)		(23,410)
									445,540	1,150	446,690
15	Reconciliation				ofnet debt
											At 31
									At 1April		March
									2022	Cash flows	2023
									f		f
	Cash and	cash			equivalents				36,284	2,415	38,699
									36,284	2,415	38,699
	Bank loans								(30,355)	3,346	(27,009)
									(30,355)	3,346	(27,009)
	Net debt								5,929	5,761	11,690

for the year ended	3	1Mar	ch 2023
				Unrestricted	Restricted
				funds	funds	Total funds	Total funds
				2023	2023	2023	2022
				f	f	f	F.
Income and endowments			from:
Donations and legacies
Gift Aided Donations				20,481		20,481	22,534
Offerings &Other Donations				20,059	240	20,299	20,149
HMRC Gift Aid				9,275		9,275	4,443
Charitable Grants				8,562		8,562
				58,377	240	58,617	47,126
Charitable activities
Community and	Ministry		Gifts		760	760
Street Level					1,247	1,247	73
Supergang							402
				0	2,007	2,007	475
Investments
Bank Interest Received				55		61
				55		61
Other
Rental Income				10,803		10,803	11,060
HMRC Covid JRS	Grant						7,534
Other Income				1,054		1,054
				11,857		11,857	18,594
Total income and	endowments			70,289	2,253	72,542	66,195
Expenditure on:
Charitable activities
Community and Ministry			Gifts	3,646		3,646	556
Street Level					954	954	259
Supergang					818	818	296
Missionary support				1,410	240	1,650	811
Other Charitable	Activities			5,630		5,630
				10,686	2,012	12,698	1,922
Total ofexpenditure activities		on charitable		10,686	2,012	12,698	1,922
Other expenditure
Church Building	Running		Costs	8,074		8,074	9,109
Manse Running	Costs			6,676		6,676	2,320
Bank loan and overdraft			interest
payable				1,869		1,869	2,096
				16,619		16,619	13,525
Employee costs
SaI a ries/wages				35,190		35,190	34,659

Detailed Statement of F	i	nancial Activities
			35,190		35,190	34,659
Travel and subsistence						58
						58
General administrative		costs,
including depreciation	and
amortisation
Depreciation ofChurch		Contents
Depreciation of Manse
Bank charges			76		220	289
Subscrlptlons			1,780		1,780	3,529
			1,856		2,000	3,818
Legal and professional	costs
Accountancy and bookkeeping						1,584
Other legal and professional			384		384
costs
			384		384	1,584
Total ofexpenditure of	other costs		54,049	144	54,193	53,644
Total expenditure			64,735	2,156	66,891	55,566
Net gains on investments
Net income			5,554	97	5,651	10,629
Net income before other
gains/(losses)			5,554	97	5,651	10,629
Other Gains
Net movement In funds			5,554	97	5,651	10,629
Reconciliation offunds:
Total funds brought forward			436,387	4,652	441,039	430,410
Total funds carried forward			441,941	4,749	446,690	441,039