Trustees, Annual Report for the period
Perioxj slart date
Llay
Period end dale
From
AUCIIJSI
Section A
Reference and administration details
Charlty name
NEW LIFE CHURCH COALVILLE
Other names charlty Is known by
NEW LIFE CHURCH COALVILLE
NEW LIFE CHRISTIAN FELLOWSHIP- COALVILLE
Registered charity number {if any)
1051891
Charlty's prlnclpal address
NEW LIFE CHURCH
MARGARET STREET
COALVILLE, LEICESTEFISHIRE
Postcode
LE67 3LY
Names of the charity trustees who manage the charity
Dates acted rf not ts whole
eor
Trustèè nam•
Offieè {sf any)
Chair
Name ol person lor body) entled
oint trustee
if an
Tim Maycock
James Fox
Andrew Hogsden
Paul Zseli
Treasurer
Names of the trustees for the charlty, If any, (for example, any custodian trustees)
Name
Dates acted if nol for whole
AOG Propety Trust- holding trustees
ear
Names and addresses of advlsers (Opiional InformatSon}
e of advlser
Name
Address
ANK
irgin Money
Eastgates, Leicester LE1 5YA
Section B
Structure,
overnance and mana
ement
Description of the charity's trusts
Constitution with trust deed.
Type of governing document
How the charity is constiluted
Trust
Trustee selection methods
Appointed
Addltlonal governance Issues {Optlonal Informatlon)
TAR
March 2012
You may choose to include
additional information, where
relevanl, about:
The charity is affiliated to Assemblies of God. The revised model
constitution was adopted by special resolution in April 2006
The trustees meet every other month primarily to review and plan and
manage the business. finances and governance of the charity.
policies and procedures
adopted for the induction and
training of trustees.,
the charity's organisational
slructure and any wider
network with which the charity
There is a separate Senior Leadership Team and a Ministry Leadership
Team to plan. co-ordinate spiritual and pastoral aspects of church life.
There is also a Hope67 Steering Group. Trustees are represented on all
these forums. All these lorums report to the Trustees.
The church building is available for the use of the local community. The
building is used by a pre-school. The building is maintained within the
fInanS available and donated to the church.
relationship with any related
parties.,
trustees, consideration of
rnajor risks and the system
and procedLtres to manage
them.
Section C
Ob'ectives and activities
Summary of the objects of the
charlty sel out in its
governing document
To advance the Christian faith
To relieve sickness and financial hardship
To advance education
In June 21 we ComMend extensive building work including a
new warehouse for Foodbank, a new kitchen, accessibility work
le.g. installation of a lift, aCsSible toilets, a rampl, the opening
up of the downstairs lounge and installation of a new lire escape.
From July to December 2021 the church met at a local community
cenlre whilst other activilies remained online or at suitable venues
in line with government guidan.
From December 2021 we resumed services in the building,
initially in the new café area and from February 2022 in the main
auditorium upstairs which had been redecorated as part of the
building development.
Attendance at our Sunday services increased significantly in the
year. Church membership increased to 48 in September 2022.
The Foodbank. supported by Trussell Trust, working in
partnership with other local churches operated from a local church
until November 2021 when it re-commenced operating from the
building. Inilially this was an outdoor service only due lo Covid
restrictions, but from April 22 the new café opened. 2,550 people
were fed with food parcels in the year ended 31 August 2022.
In June 22 we were awarded £52,000 trom Trussell Trust to
supporl Ihe work of Foodbank and Hope67 for a two-year period.
This resulted in a change to the way in which Foodbank operates
clients are offered a service, STEP, to understand their situalion
and to refer them to agencies and other support services, with an
overall aim to reduce their need for food parcels.
o The Hope 67 debt advice service operated throughout Ihe year.
We gave away a tree gift lo every household on the local streets
at Christmas and Easter to help build local connections and offer
support.
In September 2022 a new initiative, branded Revwe. was
launched to support parents and carers of children and people
with special needs.
In October 2022 a wami s
Summary of the main
actlvltles undertaken for the
publlc benef it in relation to
these objects (include within
thls section the slatulory
declaration that trustees have
had regard to the guidance
Issued by the Charlty
Commission on public
benefit)
ace was oflered one mornin
er week
TAR
March 2012
to people who didn't want to heat their homes and to provide a
cofflmunity space.
The lollowing acttvilies were undertaken either online or in person
dependent on the restrictions in place at the tim8 of the event..
Taken part in local Churches Together events although these
were limited due to Covid restrictions.
Provision for children during Sunday services. This resumed on a
face-lo-face basis in September 21 .
All age family Servi provided.
Fortnighlly bible study group.
A Men's curry night was held together with some walks. Further
Men's and Women's events have been held since 31 August 22.
Weekly Sunday meetings providing worship, bible teaching and
pastoral care.
Fortnightly prayer and praise meetings.
A Polish Fellowship meets online and recommenced monthly
meelings in church in the year.
Monthly meetings in peoples. homes at differenl times and on
different days to encourage and support each other.
Ladies graft group to bring ladies together through craft for the
purpose of support and prayer.
Hired out facilities to community groups including a nursery who
use the faciltlies eve
da durin school term times.
Addlllonal delalls ol objectives and activities {Optional information)
You may choose to include
further statements. where
relevant, about-.
policy on grantmaking:
policy programme related
investment.
Church members and friends actively supwrt the events undertaken by
the church. This includes maintenance of the church property to attract
use by the local community.
The Foodbank has approximately 30 volunteers from New Life Church,
other local churches and those not affiliated to a church.
Hope67 has 6 volunteers in total from New Life Church and other
churches.
contribution made by
volunteers.
Section D
Achievements and performance
Summary of the maln
achievemenls of the charity
durlng the year
Maintained family-locused church group, welcoming visitors and new
members. Ongoing influence in the local community through activities
and prayer as detailed above. Continuing support for other local churches
facilitates co-operalive working for the benefit of the local community.
The church completed a building and renovation project in February
2022. The building was re-opened in December 2021 with an official
opening weekend in February 2022.
2.550 people were fed in the year ended 31st August 2022. This
represented a 5% decline on 20121 though we anticipate becoming
busier in 22123.
The Hope67 debt advice services affiliated to Money Matters Leicester
and Comfflunity Money Advice continued to operate. 2 new volunteer
debt advisors joined in the year bringing ihe lotal lo 4 volunteers and 2
support volunteers. In the year, 17 people were helped with money
problems. Their total debt was almost £100.000 bringing ihe debt
managed since opening in January 21 to over £200,000. Clienl's income
was increased b £91
er month.
TAR
Maid) 2012
Section E
Financial review
The policy is to set aside reserves equivalent to 3 months expenditure on
the general fund.
Brief statement of the
charity's policy on reserves
Detalls of any funds materlally
In deflclt
None.
Section G
Declaration
The trustees declare that they have approved the trustees. roport abovo.
Signed on behall of Ihe charity's trustses
Slgnature(s)
Full name(s)
Timoihy James Maycock
Posltlon (eg Secretary. Chalr.
etc)
Chairman
Date
16" June 2023
TAR
March 2012
New Life Church Coalville Charity No (if any) 1051891 Annual accounts for the period Period start date **To** 01/09/2021 Period end date 31/08/2022
## **Section A Statement of financial activities**
|**Recommended categories by**
**activity**
**Incoming resources (Note 3)**
**Income and endowments from:**
Donations and legacies
Charitable activities
Other trading activities
Investments
Separate material item of income
Other
**Resources expended (Note 6)**
**Expenditure on:**
Raising funds
Charitable activities
Separate material item of expense
Other
Net gains/(losses) on investments
**Extraordinary items**
Other gains/(losses)
**_Reconciliation of funds:_**
**_Total_**
**_Net movement in funds_**
Total funds brought forward
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) before investment**
**gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fixed assets for the charity’s own use|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
44,654
130,848
-
175,502
265,266
18,580
2,945
-
21,525
24,751
-
-
-
-
-
51
-
51
8
-
-
-
-
-
-
-
-
-
-|
|---|---|
||63,285
133,793
-
197,078
290,025|
||-
-
-
-
-
76,399
65,224
-
141,623
154,159
-
-
-
-
-
-
-
-
-
-|
||76,399
65,224
-
141,623
154,159|
|||
||13,114
-
68,570
-
55,455
135,866|
||-
-
-
-
-|
||13,114
-
68,570
-
55,455
135,866|
||-
-
-
-
-
16,136
16,136
-
-
-
-
-
-
-
-
-
-
-
-
-
-|
||3,022
52,434
-
55,455
135,866|
||74,754
164,693
-
239,448
103,582|
||77,776
217,127
-
294,903
239,448|
## **Section B Balance sheet**
|**Fixed assets**
**Intangible assets (Note 15)**
**Tangible assets (Note 14)**
**Heritage assets (Note 16)**
**Investments (Note 17)**
**_Total fixed assets_**
**Current assets**
**Stocks (Note 18)**
**Debtors (Note 19)**
**Investments (Note 17.4)**
**Cash at bank and in hand (Note 24)**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year (Note 20)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year (Note 20)**
**Provisions for liabilities**
**_Total net assets or liabilities_**
**Funds of the Charity**
**Endowment funds (Note 27)**
**Restricted income funds (Note 27)**
**Unrestricted funds**
**Revaluation reserve**
**_Total funds_**
Signed by one or two trustees on behalf of all
the trustees|**Unrestricted**
**funds**
**£**
F01
-
162,499
-
-|
**Restricted**
**income**
**funds**
**£**
F02
-
140,687
-|**Endowment**
**funds**
**Total this**
**year**
**£**
**£**
F03
F04
-
-
-
303,186
-
-
- -|**Total last**
**year**
**£**
F05|
|---|---|---|---|---|
|||||-
23,759
-
-|
||162,499|140,687|-
303,186|23,759|
||-
3,765
-
34,838|22,522
1,548
49,114
3,256|-
22,522
- 5,313
-
49,114
-
38,094||
|||||26,613
8,628
86,063
98,025|
||38,603|76,440|-
115,043|219,329|
|||||3,640|
||
4,931||- 4,931||
||||||
||33,672|76,440|-
110,112|215,689|
||||||
||196,171|217,127|**-**
413,298|239,448|
|||||-
-|
||118,395
-|-|- 118,395
-
-||
||||||
||**77,776**|**217,127**|**-**
**294,903**|**239,448**|
||-
77,776|217,127|-
217,127
- 77,776
-||
|||||-
164,693
74,754|
||**77,776**|**217,127**|**-**
**294,903**|**239,448**|
||Tim Maycock
Andrew Hogsden||Print Name
Tim Maycock
Andrew Hogsden|Date of
approval
dd/mm/yyyy
02/06/23
02/06/23|
## **Section C Notes to the accounts**
## Note 1 **Basis of preparation**
## _**This section should be completed by all charities** ._
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
the Statement of Recommended Practice: Accounting and Reporting by Charities • and with* preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 the Financial Reporting Standard applicable in the United Kingdom and Republic of • and with* Ireland (FRS 102)
- and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.*
## **1.2 Going concern**
## _**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_
An explanation as to those factors that support the conclusion that the charity is a going concern;
Disclosure of any uncertainties that make the going concern assumption doubtful;
Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.
_**Not applicable Not applicable Not applicable**_
## **1.3 Change of accounting policy**
The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2.
Yes* No*
## _**Please disclose:**_
**----- Start of picture text -----**
The accounts have been prepared in compliance
with FRS102 because on a receipts and payments
(i) the nature of the change in accounting policy;
basis both income and expenditure exceeded
£250,000 for the year ended 31st August 2022.
(ii) the reasons why applying the new accounting policy The new method pf preparing the accounts was
provides more reliable and more relevant information; adopted to comply with the Standard of
and Recommended Practice for Charities
(iii) the amount of the adjustment for each line affected If the accounts were prepared on a receipts and
in the current period, each prior period presented and payments basis the deficit for the year ended 31st
the aggregate amount of the adjustment relating to August 2022 would have been £95,088. A detailed
periods before those presented, 3.44 FRS 102 SORP. reconciliation to the surplus when accounts are
prepared in compliance with FRS102 is shown in
Note 2.1
**----- End of picture text -----**
## **1.4 Changes to accounting estimates**
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
Yes* * -Tick as appropriate No*
## **1.5 Material prior year errors**
No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).
|Yes*
No*||* -Tick as appropriate|
|---|---|---|
**Section C Notes to the accounts (cont)**
## **Note 2 Accounting policies**
_Please complete this note when first reporting under FRS2102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable._
## **2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE**
**Please provide a description of the nature of each change in accounting policy**
**The income and expenditure for the charity exceeded £250,000 on a receipts and payments basis and therefore the charity has adopted FRS102 accounting for the year ended 31st August 2022. The prior year figures have been restated.**
_**Reconcilation of funds per previous GAAP to funds determined under FRS 102**_
|**Fund balances as previously stated on receipts and payments basis at 31/8/21**
Deficit for year ended 31 August 2022 on receipts and payments basis
**Adjustments:**
Gift Aid due not paid
Food donated in kind
Food provided to Foodbank clients
Rent due not paid
Charitable activities accrual
Depreciation
Food accounted for as stock
Building costs shown as tangible asset
Loan advance (mortgage)
**Fund balance as restated**|**Reserves at**
**31/8/21**
**Reserves at end of**
**31/8/22**
**£**
**£**
**_184,088_**
**_184,088_**
_(95,880)_
5,137
2,529
45,252
80,074
(47,792)
(86,705)
3,491
1,784
4,413
2,293
1,327
4,589
26,613
22,523
16,919
299,608
(120,000)
**_239,448_**
**_294,903_**|
|---|---|
_**Reconcilation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102**_
|**_Adjustments:_**
Reverse opening Gift Aid accrual
Closing Gift Aid accrual
Reverse opening rent accrual
Closing Rent accrual
Food donated to Foodbank
Loan from Kingdom Bank (mortgaged)
Reverse Opening Charitable activities accruals
Closing Charitable activities accruals
Foodbank value of food distributed
Tangible Assets at Costs
Deptreciation oftangible assets
Reverse Opening Governance cost accrual
Closing Governance cost accrual (accounted for in Charitable activities)
**Net income/(expenditure) as previously stated on receipts and payments basis**
**Previous period net income/(expenditure) as restated**|**Year ended 31/8/22**
**_Year ended 31/8/21_**
**£**
**£**
**_(95,880)_**
**_112,245_**
(5,137)
(1,085)
2,530
5,137
(3,491)
(3,770)
1,784
3,491
34,822
45,252
(120,000)
0
3,390
2,624
(6,314)
(3,390)
(35,651)
(47,792)
282,689
24,471
(3,262)
(1,327)
250
260
(275)
(250)
**_55,455_**
**_135,866_**|
|---|---|
**Section C Notes to the accounts (cont)**
## **Note 2 Accounting policies 2.2 INCOME**
**----- Start of picture text -----**
This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a
different or additional policy has been adopted then this is detailed in the box below.
Recognition of income These are included in the Statement of Financial Activities (SoFA) when:
the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and Yes No N/a
the monetary value can be measured with sufficient reliability.
Yes No N/a
There has been no offsetting of assets and liabilities, or income and expenses, unless required
Offsetting or permitted by the FRS 102 SORP or FRS 102.
Yes No N/a
Grants and donations are only included in the SoFA when the general income
Grants and donations recognition criteria are met (5.10 to 5.12 FRS102 SORP).
Yes No N/a
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
Legacies Legacies are included in the SOFA when receipt is probable, that is, when there has Yes No N/a
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
Yes No N/a
Government grants The charity has received government grants in the reporting period
Gift Aid receivable is included in income when there is a valid declaration from the
Tax reclaims on donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift Yes No N/a
donations and gifts and is treated as an addition to the same fund as the initial donation unless the donor or
the terms of the appeal have specified otherwise.
Yes No N/a
Contractual income and This is only included in the SoFA once the charity has provided the related goods or
performance related services or met the performance related conditions.
grants
Yes No N/a
Donated goods are measured at fair value (the amount for which the asset could be
Donated goods
exchanged) unless impractical to do so.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
Yes No N/a
the fair value of those gifts at the time of their receipt and they are recognised on
receipt. In the reporting period in which the stocks are distributed, they are recognised
as an expense at the carrying amount of the stocks at distribution.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
Yes No N/a
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading
activities'.
Yes No N/a
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
Yes No N/a
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
Yes No N/a
Donated services and Donated services and facilities are included in the SOFA when received at the value of
facilities the gift to the charity provided the value of the gift can be measured reliably.
Yes No N/a
Income from interest, This is included in the accounts when receipt is probable and the amount receivable can
royalties and dividends be measured reliably.
Yes No N/a
Income from membership Membership subscriptions received in the nature of a gift are recognised in Donations
subscriptions and Legacies.
Insurance claims are only included in the SoFA when the general income recognition Yes No N/a
Settlement of insurance
**----- End of picture text -----**
|**2.4 ASSETS**
**Intangible fixed assets**
The depreciation rates and methods used are disclosed in note 9.2. Depreciation is
charged on the original costs of the asset on a straight line basis on the following basis
Freehold land and buildings is depreciated at 4% per year. Fixtures and fittings are
depreciated at 10% per year. Computer equipment are depreciated at 33.33% per year.
**Governance and support**
**costs**
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
**Grants with performance**
**conditions**
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
**Grants payable without**
**performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 9.5
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
**2.3 EXPENDITURE AND LIABILITIES**
**Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of
the obligation can be measured with reasonable certainty.
**Investment gains and**
**losses**
The charity accounts for basic financial instruments on initial recognition as per
paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
**Tangible fixed assets for**
**use by charity**
The charity has creditors which are measured at settlement amounts less any trade
discounts
**Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
**Basic financial**
**instruments**
**Settlement of insurance**
**claims**
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.
They are valued at cost.
These are capitalised if they can be used for more than one year, and cost at least
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
**Deferred income**
No material item of deferred income has been included in the accounts.
**Creditors**||
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
|
|---|---|---|
**Section C Notes to the accounts (cont)**
## **Note 3 Analysis of income**
**----- Start of picture text -----**
Restricted
Unrestricted income Endowment
funds funds funds Total funds Prior year
Analysis £ £
Donations Donations and gifts 37,142 34,121 - 71,263 163,936
and legacies: Gift Aid 7,512 7,520 - 15,032 11,691
Legacies - - - - -
General grants provided by government/other
charities - 54,385 - 54,385 44,387
Membership subscriptions and sponsorships
which are in substance donations
- - - -
Donated goods, facilities and services - 34,822 - 34,822 45,252
Other - - - -
Total 44,654 130,848 - 175,502 265,266
Charitable House rent
activities: 10,325 - - 10,325 11,722
Church Buiilding Rent 7,224 - - 7,224 6,840
- - - - -
Other 1,031 2,945 - 3,976 6,189
Total 18,580 2,945 - 21,525 24,751
Income from Interest income 51 - - 51 8
investments: Dividend income - - - - -
Rental and leasing income - - - - -
Other - - - - -
Total 51 - - 51 8
Total - - - - -
TOTAL INCOME 63,285 133,793 - 197,078 290,025
Other information:
Income in the prior year was unrestricted except for: (please
provide description and amounts) Foodbank 80,899
Hope67 21,500
Building Development 54,972
Foodbank warehouse 54,388
New Wine 5,427
**----- End of picture text -----**
**Section C Notes to the accounts (cont)**
## **Note 4 Analysis of receipts of government grants**
|**Leicestershire County Council**
**Leicestershire County Council**
**Government grant 3**
**Other**
**Leicestershire County Council**
**Leicestershire County Council**
**Leicestershire County Council**
**Other**|**Total**
**Total **
**Description**
Foodbank - food
Food poverty hubs - training and development
Foodbank - running costs and development costs
Foodbank - food
Building - development of community space
For debt advice start up costs
**Description**|**This year**
**£**
2,000
8,113
-
-|
|---|---|---|
|||**10,113**|
|||**Last year**
**£**
13,887
3,000
7,500
-|
|||**24,387**|
## **Note 5 Donated goods, facilities and services**
**----- Start of picture text -----**
This year Last year
£ £
Donated food for Foodbank 34,822 45,252
34,822 45,252
This year Last year
The value of food provided is based on the The value of food provided is based on the weight
Please provide details of the
weight of food provided. A value per kilogramn of of food provided. A value per kilogramn of food
accounting policy for the recognition
food donated is applied to derive an economic donated is applied to derive an economic value of
and valuation of donated goods, value of food donated. food donated.
facilities and services.
The foodbank relies on volunteers. There were 2 The foodbank relies on volunteers. There were 2
Please give details of other forms of
foodbank session per week in the year ended foodbank session per week in the year ended
other donated goods and services not
31st August 2022, with an average of 15 hours 31st August 2021, with an average of 13 hours
recognised in the accounts, eg donated at each session which amounts to donated at each session which amounts to
contribution of unpaid volunteers. approximately 1,560 hours in the year. approximately 1,350 hours in the year.
**----- End of picture text -----**
**Section C Notes to the accounts (cont)**
## **Note 6 Analysis of expenditure**
|**Analysis**
Spiritual activities and care
Provision of food parcels for the needy
Provision of debt advice to individuals
New Wine festival
Resdevelopment of church building
**Expenditure on charitable activities:**
**TOTAL EXPENDITURE**
**Total expenditure on charitable**
**activities**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
76,399
72
- 76,471 66,298
184
- 66,482
43,762
- 43,762
- 50,703
- 50,703
18,445
18,445
12,173
12,173
2,945
2,945
5,427
5,427
-
-
- -
- 19,374
- 19,374
**This year**
**Last year**|
|---|---|
||76,399
65,224
- 141,623 66,298
87,861
- 154,159|
||**76,399**
**65,224**
**-**
**141,623**
**66,298**
**87,861**
**-**
**154,159**|
## **Section C Notes to the accounts**
## **Note 9 Support Costs**
_**Please complete this note if the charity has analysed its expenses using activity categories and has support costs.**_
## **This year**
**----- Start of picture text -----**
Support cost Raising funds General Fund Activity 2 Activity 3 Grand total Basis of allocation
(examples) £ £ £ £ £ (Describe method)
All Governance costs have
Governance - 6,453 - - 6,453 been allocated to the general
fund
- 6,453 - - 6,453
Total
Last year
Support cost Raising funds Activity 1 Activity 2 Activity 3 Grand total Basis of allocation
(examples) £ £ £ £ £ (Describe method)
All Governance costs have
Governance - 6,428 - - 6,428 been allocated to the general
fund
- 6,428 - - 6,428
Total
**----- End of picture text -----**
## **Section C Notes to the accounts**
## **Note 10 Details of certain items of expenditure**
**10.1 Fees for examination of the accounts** _**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).**_
|**Other fees (for example: financial advice, consultancy, accountancy services) paid**
**to the independent examiner**
**Independent examiner’s fees**
**Assurance services other than audit or independent examination - costs in relation**
**to an accountants report which was required for the mortgage application**
**Tax advisory fees**|**This year**
**Last year**
**£**
**£**
250 250
60 -
- -
- -|
|---|---|
## **Section C Notes to the accounts (cont)**
## **Note 11 Paid employees**
## _**Please complete this note if the charity has any employees.**_
## **11.1 Staff Costs**
|**Salaries and wages**
**Social security costs**
**Other employee benefits**
**Total staff costs**
**Pension costs (defined contribution scheme)**
**Please provide the total amount paid to key management**
**personnel (includes trustees and senior management) for their**
**services to the charity. For specific amounts paid to trustees,**
**see Note 28.**|**This year**
**Last year**
**£**
**£**
42,782 39,046
3,191 2,364
1,205 955
- -|
|---|---|
||**47,178 42,365**|
||**This year**
**Last year**
**£**
**£**
26,356 23,327|
## **11.2 Average head count in the year**
**The parts of the charity in which the employees work**
**----- Start of picture text -----**
This year Last year
Number Number
Fundraising - -
Charitable Activities 2 1
Governance - -
Other - -
Total 2 1
**----- End of picture text -----**
## **Section C Notes to the accounts (cont)**
## **Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.**
## _**12.1 Please complete this note if a defined contribution pension scheme is operated.**_
|**Please explain the basis for allocating the liability and expense of**
**defined contribution pension scheme between activities and**
**between restricted and unrestricted funds.**
**Amount of contributions recognised in the SOFA as an expense**|**This year**
**£**
1,205
Pension contributions are
allocated between funds
according to the amount of
time employees spend on
activities pertaining to the
relevant fund.|**Last year**
**£**
955
Pension contributions are
allocated between funds
according to the amount of
time employees spend on
activities pertaining to the
relevant fund.|
|---|---|---|
## _**12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities.**_
**Please confirm that although the scheme is accounted for as a defined contribution plan, it is a defined benefit plan.**
Not applicable. The charity does not participate in a defined benefit scheme.
## **Section C Notes to the accounts (cont)**
## **Note 13 Grantmaking**
_**Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.**_
## **This year:**
## **13.1 Analysis of grants paid (included in cost of charitable activities)**
**----- Start of picture text -----**
Grants to
Analysis institutions Grants to individuals Support costs Total
£ £
Assembies of God 360 0 0 360
Creative Solutions 1,550 0 0 1,550
Heartland Youth for Christ 1,910 0 0 1,910
Encourage International 950 950
New Wine Nation Changers 300 300
Churches Together Coalville 350 350
British Youth for Christ 1,000 0 0 1,000
Total 6,420 - - 6,420
**----- End of picture text -----**
## _**Please enter “Nil” if the charity does not identify and/or allocate support costs.**_
## **13.2 Grants made to institutions**
|**_Yes_**
**_No_**
Assemblies of God
Creative Solutions
Heartland Youth for Christ
Encourage International
New Wine Nation Changers
Churches Together Coalville
Youth for Christ
**_TOTAL GRANTS PAID_**
Gikondu Health Centre
To bring good news to young people in and around Coalville
**Names of institution**
**_My charity has made grants to particular institutions that are material in the_**
**_context of its grantmaking. Details of the institution supported, purpose of_**
**_the grant and total paid to each institution is available on the charity's web_**
**_site._**
**Purpose**
AoG World Mission fund
To show Jesus in a relevant way to every young person in
Britain
To equip Slavic men and women to bring the good news of
Jesus to their mation
**_Other unanalysed grants_**
**_Total grants to institutions in reporting period_**
To bring the nation back to Jesus through local churches
To bring Christians together in Coalville|**_Yes_**|**_Please provide_**
**_details of charity's_**
**_URL._**
**_Provide details_**
**_below_**
**Total amount of**
**grants paid £**
360
1,550
1,910
950
300
350
1,000|
|---|---|---|
||**_No_**||
|||**6,420**|
|||-
**6,420**|
## **Last year:**
## **13.3 Analysis of grants paid (included in cost of charitable activities)**
**----- Start of picture text -----**
Grants to
Analysis institutions Grants to individuals Support costs Total
£ £
AoG 360 0 0 360
Creative Solutions 1,200 0 0 1,200
Heartland Youth for Christ 1,560 0 0 1,560
Encourage International 600 0 0 600
New Wine Nation Changers 300 0 0 300
Youth for Christ 1,200 0 0 1,200
- - -
Total 5,220 - - 5,220
Please enter “Nil” if the charity does not identify and/or allocate support costs.
13.4 Grants made to institutions
Please provide
details of charity's
My charity has made grants to particular institutions that are material in the URL.
Yes
context of its grantmaking. Details of the institution supported, purpose of
the grant and total paid to each institution is available on the charity's web
site.
Provide details
No
below
**----- End of picture text -----**
|Assemblies of God
Creative Solutions
Heartland Youth for Christ
Encourage International
New Wine Nation Changers
Youth for Christ
**_TOTAL GRANTS PAID_**
**Names of institution**
**_Total grants to institutions in reporting period_**
**_Other unanalysed grants_**|**Purpose**
AoG World Mission fund
Gikondu Health Centre
To bring good news to young people in and around Coalville
To equip Slavic men and women to bring the good news of
Jesus to their mation
To bring the nation back to Jesus through local churches
To show Jesus in a relevant way to every young person in
Britain|**Total amount of**
**grants paid £**
360
1,200
1,560
600
300
1,200|
|---|---|---|
|||**5,220**|
|||-
**5,220**|
## **Section C Notes to the accounts (cont)**
## **Note 14 Tangible fixed assets** _**Please complete this note if the charity has any tangible fixed assets**_ **14.1 Cost or valuation**
|At the beginning of the year
Additions
Revaluations
Disposals
Transfers *
At end of the year
****Basis**
**** Rate**
At beginning of the year
Disposals
Depreciation
Impairment
Transfers*
At end of the year
Net book value at the beginning of the year
Net book value at the end of the year
**14.3 Net book value**
**14.2 Depreciation and impairments**|**Freehold land &**
**buildings**
**Fixtures, fittings**
**and equipment**
**Total**
**£**
**£**
**£**
16,919 8,235 25,154
282,689 - 282,689
- - -
- - -
- - -|
|---|---|
||299,608 8,235 307,843|
||SL or RB (Straight
Line or Reducing
Balance)
SL
SL
- 1,395 1,395
- - -
677 2,586 3,262
- - -
- - -|
||677 3,981 4,658|
|||
||16,919 6,840 23,759
298,931 4,254 303,186|
## **14.4 Impairment**
_**This year: Please provide a description of the events and circumstances that led to the recognition or reversal of an**_ Not applicable. _**impairment loss. Last year: Please provide a description of the events and circumstances that led to the recognition or reversal of an**_ Not applicable. _**impairment loss.**_
## **14.5 Revaluation**
**----- Start of picture text -----**
If an accounting policy of revaluation is adopted, please provide: This year Last year
the effective date of the revaluation Not applicable. Not applicable.
the name of independent valuer, if applicable
the methods applied and significant assumptions
the carrying amount that would have been recognised had the - -
assets been carried under the cost model.
14.6 Other disclosures
This year Last year
£ £
(i) Please state the amount of borrowing costs, if any, None None
capitalised in the construction of tangible fixed assets and the
capitalisation rate used
(ii) Please provide the amount of contractual commitments for Nil 255,775
the acquisition of tangible fixed assets.
(iii) Details of the existence and carrying amounts of property, New Life Church
plant and equipment to which the charity has restricted title or Coalville is subject
that are pledged as security for liabilities. to a first legal
mortgage.
**----- End of picture text -----**
_* The "transfers" row is for movements between fixed asset categories._
_** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction._
**Section C Notes to the accounts (cont) Note 17 Investment assets** _**Please complete this note if the charity has any investment assets.**_
## **17.4 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet.**
|**Social investments**
**Other investments**
**Analysis of current asset investments**
**Cash or cash equivalents**
**Listed investments**
**Investment properties**
**Total**|**£**
**£**
-
-
-
-
-
-
**Last year**
86,063
49,114
-
**This year**
-|
|---|---|
||86,063
49,114|
## **Section C Notes to the accounts (cont)**
## **Note 18 Stocks**
## _**Please complete this note if the charity holds any stock items**_
## **18.1 Please state the carrying amount of stock and work in progress analysed between activities.**
|**activities.**||
|---|---|
|**Charitable activities:**
**_Opening_**
**_Added in period_**
**_Expensed in period_**
**_Impaired_**
**_Closing_**
**Total this year**
**_Total previous year_**|**For**
**distribution**
**For resale**
**For**
**distribution**
**For resale**
**£**
**£**
**£**
**£**
**£**
- - 26,613 - -
- - 34,822 - -
- - - 38,913 - -
- - - - -
**- - 22,522 - -**
**Work in**
**progress**
**Stock**
**Donated goods**|
||- -**22,522**- -|
||- -**26,613**- -|
**Section C Notes to the accounts (cont)**
|**_Please complete this note if the charity has any_**
**_debtors or prepayments._**
**19.1 Analysis of debtors**
**Trade debtors**
**Prepayments and accrued income**
**Other debtors**
**Total**
**Note 19 Debtors and prepayments**|**This year**
**Last year**
**£**
**£**
- -
4,313
8,628
1,000
0|
|---|---|
||**5,313**
**8,628**|
|||
**Section C Notes to the accounts (cont)**
## **Note 20 Creditors and accruals**
_**Please complete this note if the charity has any creditors or accruals.**_
## **20.1 Analysis of creditors**
|**Accruals for grants payable**
**Bank Mortgage**
**Trade creditors**
**Payments received on account for contracts or**
**performance-related grants**
**Accruals and deferred income**
**Taxation and social security**
**Other creditors**
**Total**|**This year**
**Last year**
**This year**
**Last year**
**£**
**£**
**£**
**£**
- - - -
1,631
- 118,395
-
- - - -
- - - -
3,300
- - -
- - - -
- - - -
**Amounts falling due within**
**one year**
**Amounts falling due after**
**more than one year**|
|---|---|
||**4,931**
**- 118,395**
-|
|**Section C Notes to the accounts**|**(cont)**|
|---|---|
|**Note 24 Cash at bank and in hand**
**Other**
**Cash at bank and on hand**
**Total**
**Short term cash investments (less than 3 months maturity date)**
**Short term deposits**|**This year**
**Last year**
**£**
**£**
49,114 86,063
- -
38,094 98,025
- -|
||**87,208**
**184,088**|
## **Section C Notes to the accounts (cont)**
## **Note 25 Fair value of assets and liabilities**
**25.1 Please provide details of the charity's exposure to credit risk (the risk of incurring a loss due to a debtor not paying what is owed) , liquidity risk (the risk of not being able to meet short term financial demands) and market risk (the risk that the value of an investment will fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks.**
## **This year**
**Credit Risk:** the charity engages in few credit transactions. The main risk is presented from tenants falling into arrears from letting the house adjacent to the church **Liquidity Risk:** surplus funds are held in notice accounts. Liquidity risk is therefore low. **Market Risk:** the charity does not invest in financial instruments nor investments with a higher risk rating such as stocks, shares and bonds.
## **Last year**
**Credit Risk:** the charity engages in few credit transactions. The main risk is presented from tenants falling into arrears from letting the house adjacent to the church **Liquidity Risk:** surplus funds are held in notice accounts. Liquidity risk is therefore low. **Market Risk:** the charity does not invest in financial instruments nor investments with a higher risk rating such as stocks, shares and bonds.
The charity does not invest in financial instruments.
The charity does not invest in financial instruments.
**25.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, investments (see section 11, FRS 102 SORP)) measured at fair value through the SoFA that is attributable to changes in credit risk.**
**Section C Notes to the accounts (cont)**
## **Note 27 Charity funds**
## **27.1 Details of material funds held and movements during the CURRENT reporting period**
_**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.**_
## _*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_
**----- Start of picture text -----**
Fund Fund
balances balances
Type PE, EE Purpose and Restrictions brought Gains and carried
R or UR *
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
General U Spiritual activities and care 74,754 63,285 (76,399) 16,136 0 77,776
Foodbank R Provision of food parcels to needy 59,709 50,172 (43,762) (24,671) 0 41,448
Hope67 (Debt Advice) R Provision of debt advice to individuals 9,327 9,695 (18,445) 8,535 0 9,112
Building R Re-development of church building 40,598 43,634 0 0 84,232
Foodbank Warehose R Build of food storage facility 54,338 1,075 0 0 55,413
Pastoral R Provision of pastoral support 414 0 0 0 0 414
Womens R Provision of ministry to women 120 0 (72) 0 0 48
Mens R Provision of ministry to men 188 0 0 0 0 188
New Wine R For those attending the New Wine festival 0 2,945 (2,945) 0 0 0
Provision of debt advice to foodbank clients and a
Trussell Trust R triage service, signposting and referral service 0 26,272 0 0 0 26,272
0 0 0 0 0 0
Other funds N/a N/a 0 0 0 0 0 0
Total Funds 239,448 197,078 (141,623) 0 0 294,903
**----- End of picture text -----**
**Section C Notes to the accounts (cont)**
## **Note 27 Charity funds (cont)**
## **27.2 Details of material funds held and movements during the PREVIOUS reporting period**
_**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.**_
_*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_
**----- Start of picture text -----**
Fund Fund
balances balances
Type PE, EE
Purpose and Restrictions brought Gains and carried
R or UR *
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
General U Spiritual activities and care 51,541 72,889 (66,298) 16,622 0 74,754
Foodbank R Provision of food parcels to needy 46,134 80,899 (50,703) (16,622) 0 59,709
Hope67 (Debt Advice) R Provision of debt advice to individuals 0 21,500 (12,173) 0 0 9,327
Building R Re-development of church building 5,000 54,972 (19,374) 0 0 40,598
Foodbank Warehose R Buiuld of food storage facility 0 54,338 0 0 0 54,338
Pastoral R Provision of pastoral support 414 0 0 0 0 414
Womens R Provision of ministry to women 120 0 0 0 0 120
Mens R Provision of ministry to men 259 0 (71) 0 0 188
New Wine R For those attending the New Wine festival 0 5,427 (5,427) 0 0 0
Provision of ministry to children and young
Youth R people 113 0 (113) 0 0 0
Other funds N/a N/a 0 0 0 0 0 0
Total Funds 103,581 290,025 (154,159) 0 0 239,448
**----- End of picture text -----**
## **Section C Notes to the accounts (cont)**
## **Note 27 Charity funds (cont)**
## **27.3 Transfers between funds**
## **This year**
|**This year**||||
|---|---|---|---|
||**Reason for transfer and where endowment is converted to income,**||**Amount**|
|||**legal power for its conversion**||
|Between unrestricted and|Transfer from Foodbank to General for rental of space and allocation of||16,136|
|restricted funds|staff time.|||
|Between endowment and||||
|restricted funds||||
|Between endowment and||||
|unrestricted funds||||
|||||
|**Last year**||||
||**Reason for transfer and where endowment is converted to income,**||**Amount**|
|||**legal power for its conversion**||
|Between unrestricted and|Transfer from Foodbank to General for rental of space and allocation of||16,622|
|restricted funds|staff time.|||
|Between endowment and||||
|restricted funds||||
|Between endowment and||||
|unrestricted funds||||
|||||
CC17a (Excel)
26/05/2023
30
**Section C Notes to the accounts (cont)**
## **Note 28 Transactions with trustees and related parties**
_**If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.**_
## **28.1 Trustee remuneration and benefits**
## **This year**
**None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)**
_**In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.**_
|Constitution and Trust
Deed Adopted 2/4/06,
amended 2/9/13
Timothy Maycock
**Name of trustee**
**Legal authority (eg**
**order, governing**
**document)**|**Remuneration**
**Pension**
**contribution**
**Redundancy**
**(including**
**loss of**
**office)/ex**
**gratia**
**Other**
**TOTAL**
**£**
**£**
**£**
**£**
**£**
25,588 768 -
26,356
- -
-
-
**-**
- -
-
-
**-**
- -
-
-
**-**
**Amounts paid or benefit value**|
|---|---|
_**Please give details of why remuneration or other employment benefits were paid.**_
_**Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.**_
**Tim Maycock is the Senior Pastor of the Church and Chair of Trustees. He was employed by the Charity for 30 hours per week during the year.**
**Not applicable**
## **Last year**
**None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)**
_**In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.**_
|Constitution and Trust
Deed Adopted 2/4/06,
amended 2/9/13
Timothy Maycock
**Legal authority (eg**
**order, governing**
**document)**
**Name of trustee**|**Remuneration**
**Pension**
**contribution**
**Redundancy**
**(including**
**loss of**
**office)/ex**
**gratia**
**Other**
**TOTAL**
**£**
**£**
**£**
**£**
22,648 679 - - 23,327
**Amounts paid or benefit value**|
|---|---|
**----- Start of picture text -----**
-
- - - -
-
- - - -
-
- - - -
Please give details of why remuneration or other Tim Maycock is the Senior Pastor of the Church and Chair of Trustees. He was
employed by the Charity for an average of 27 hours per week during the year.
employment benefits were paid.
Where an ex gratia payment has been made to a trustee,
provide an explanation of the nature of the payment.
**----- End of picture text -----**
## **28.2 Trustees' expenses**
_**If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".**_
**No trustee expenses have been incurred (True or False)**
|**Type of expenses reimbursed**
**Subsistence**
**Travel**
**TOTAL**
**Accommodation**
**Other (please specify):**|664
-
**Last year**
-
-
-
-
-
**£**
**This year**
-
**£**
-
-|
|---|---|
||-
664|
**Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity**
**3**
## **28.3 Transaction(s) with related parties**
_**Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.**_
## **This year**
**There have been no related party transactions in the reporting period (True or False)**
_**TRUE**_
CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examiner's report on the
accounts
Section A
Independent Examiner's Report
Report to the trustees of
New Life Church Coalville
Accounts for the year
ended
31" Au8USt 2022
Charity no
1051891
I report to the trustees on my examination of the accounts of the above
charity I'the Trust") for the year ended 31" August 2022.
Responsibilities and basis
of report
As the charity's trustees, you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Att 2011
I'the Act").
I report in respect of my examination of New Life Church Coalville's
accounts carried out under section 145 of the 2011 Act and in carrying out
my examination, I have followed all the applicable Directions given by the
Charity Commission under section 14515llbl 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 which gives me
cause to believe that in, any material respect-
the accounting records were not kept in accordance with settion 130
of the Charities Act,- or
the accounts did not accord with the accounting records- or
I have no concerns and have come across no other matters in connection
with the examination to which attention should be drawn in thi5 report in
order to enable a proper understanding of the accounts to be reached.
Signed:
Date:
26, May 2023
Name:
Mr5 Claire Carlin
Professional body:
ACCA
Address:
Key Accountants Imidlandsl Ltd
Office 5, The Forest Rock Offices, Whitwick, Leicestershire, LE67 5GQ