ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2021
NEW LIFE
CHRISTIAN CENTRE
CHARITY REGISTRATION 1053316
Page 2 to 7 Trustees, Report
Page 2 1. Reference and Administrative tktails of Charity and Trustees and Advisors
Pag¢ 2 to 3 2. Structure. Governance and Management
Page 3 to 5 3. Objectives and Activities
Page 5 to 6 4. Achievements and Perfonnance
11
Page 6 to 7 5. Financial Review
Page 7 6. Future Pl￿]S
Page 8 Statement of Financial Activities
Page 9 Balance Sheet
Page l O to 15 Notes to the Financial Statements
11
Page 16 Independent E￿￿Mine￿S Report to the TTUStees
Clwity No 1053316

ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2021
l Reference and Administrative Details of Chari
Th￿teeS and Advisors
Name ofchari
New Life Christsan c￿tre
ther Workin
of
New Life Church
istered Chari
No 1053316
Offi
24-25, Irish Strrt whItehav￿ Cumbri4 CA28 7BY. TeliFax: 01946 66556
E-mail Address & Web Site Address i
and www.nlcwonline.0￿.uk
Names ofmana
ement Trust P&stor Gary D Brown (chairman). Mr D A Nice. Mrs A Taylor,
and Mrs S Bartldt
In
Pastor D Brow Mrs A Taylor. Mr D ANice and Mrs S Bartlett (as July 2020)
l ) Mam bank￿S - Barclays Bank Plc. 2. Finkle StreeL Workington, Cumbri4 CA14 2AU
2) Legal advisors- Geldards LLP. 4. Capital Quartff. Tyndall Strrt Cardiff, CFIO 4BZ.
3) Indep￿d￿t EKqminers - Independfflt E￿￿nIne[S Ltd., Unit 2. The Broadbridge Business Cffltre. Delling
Lan4 BoshanL POI 8 8NF.
4) Bankers for saving and mortgage accounts - Kingdom Bank Ltd.. Media House. Padge Ro￿. Beeston,
NottAngham. NG9 2RS.
2 Structu Governance and Mana
ement
The Model Deed for New Life Christian Centre
The previous tr￿t deal with Assemblies of God has been supersded lry a new eonstituti(m and t￿￿t deed
whA'ch was adopted by speaal resoluts.on of New Life Chnstian Centre on 12 November 2017. Thl. s
documalt h&$ beM accq)ted and filal at the Charity Commission on 15 2018.
New Life Christian Cattre ￿Ing the working name of 'New Life Church" h&8 beth affiliat￿1 with the
"Fellowskn'p of Indep￿dfflt Evangdical ChurL*es" ( FIEC ) &s from Sept 2017.
anisational Structure of Chari
The Churth co￿¢11 of New Life Church ￿lch is compos&l of four members (P&stor Gary D Brown- chairnw Mr D
A Nice. Mrs A Taylor and Mrs S Bartlett) tre the rnana8em￿t trustees of the charity. Thtse trustees are ffltitled to
appoint othff trustees as require<L New tr￿teeS are introduced into the work by initially be￿ a cotry of the
previous year's accounts includmg the tr￿tees. report. A workmg knoWI￿ge of the chan.ty is gained by attffldance at
lxn￿nthIY church counal meduw and regular input from the thairnwi and other trustees.
The Eldership comprises of two members of Church Council ￿d cme Oth￿ rn￿nb￿ who look
aftff the spiritual oversight and the ministy of the thurth.
These m￿nb￿S are P&stor Gw D Brow￿ Mr D A Nice ￿d Mr B Beedw
Charity No 1053316

ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2021
Financial Risk Assessment
The tr￿teeS adively review the major risks Ththich the dwity fxas a regular b&sis and believe that maintsining the
free reserves statsd combined with the annual review of the Cl￿trolS over kLw fmancial svstems will provide suificieJrt
resources in the evfflt of adverse conthtions. The trustees haTr"e also examin￿ other operalional risks wthich they fxe
and ¢Th￿lmI thLw have &stablished systaiis to mitigale
the Sl￿ficant risks as shown below.
'or Risks to the Than
One major risk to the charitv is to not have sufficiart income to fulfil its obJ"ects. purpose statement and goals. This risk
is minimisal by a constsnt review of all sour(zs of income ￿d being prudfflt in regard to ￿pentht￿e by the Church
c0￿ClI. Also the risk of financial lo&s ts the charity is kept Und￿ contr(A lry:
M(mthly bank rec(M)alialion of al] xcoun
The oFwatson of an intffnal auth"t system to nx)nitor gross incom4 ￿pfflditUre, cth and gth aid
donations ffl a month]y basis. The a￿111 svs*m was set up using the gwdelines and wmciples of the bookl
-Internal Financial Control of Chariti￿￿- (CC8) and thi.s auth" t system is Op￿ to cfflstant reTr'iew and llnprovemfflt
ty the Church c0￿ClI.
The use of on•line b￿&ll)g facilities to monitor the cash flow of all bank aCcO￿ts &s real time a regulat
basis. at least 4 to 5 times ￿ week
The use of income and expa]th"ture prwh'ctor on a Spreadsh￿ which assists both the weekly and M￿thlY cash
flow of the Gawal accomt in advance.
ectives and Activities
Th Ob"ects of New Life Christi
n Cent
The advanCen￿lt of the Christian Religion by the pr0damati(￿ and furthrnce of the Gospd of God
conceTrring His Sffl J&sus Christ the Lord and the prexhing and teaching of the Word of God by the Church ￿lch
is aLYordmg to the Purpose Statanalt.
Such other tharitable pwposes &$ shall furthff the attainmfflt of the above obJ￿ts of the Chwth (r my of
them.
The furtherance of the other chan'table work of the Chw¢h c(xJsistaitty with the Purpctse s￿t￿n￿l.
Pur
Statement of New Life Christian Centre
-New Life Church exists as a COMM￿lty of ChriSti￿S aiming to be go￿-C￿tred in all our faith ￿d practice,
proclaiming JesLLS to the worl(t Our purpose is thffdore
build a gospel-centred Trinitsrian chwch for all the famity
where p￿pIe of all ages cm bdon& believe and grow in
al￿ love and ministy for the glory of God.
Charity No 1053316

ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2021
Core Values of New Life Christian Ceot
We defme our core values &8 'those things" that most closety define how we thinL &t and live. as a church
community. As a church we value:
l. The Go3￿. To be a part of New Life is to love the gospel. The gos￿1 is not just the ffltrance to the churdL it is our
caltral message. and the I￿S through which we view life. Thi. s finds expression in our confidence in the gospel to
transform lives. in our heart for evm8d1￿ as a fcAmdats'(m for our sanctific*ioffj as a source of our joy in and
an impetus for worship.
2. Passion for God: To be a part of New Life is lo cultivate growing affections for God. We never w￿1 our relatiLmship
with God to b￿Orne passive or apathdiq but we desire to be ever growing in our love for our Saviour. Thi's finds
expression in our COr￿ate worshA"p, our intaitsonal pursuit of the spiritual th'sciplines, our love for Cxxl's wor(L the joy
and gratst￿le that we seek to cultivate-hopefulty. this will be seffl in all that we do as a churdL
3. Sound Doctrine: To be a part of New Life is to value sound d(xtrin< to grow in ow knowledge of biblical truth, md
to apply thi's truth to our livas. This fmds exFrv•sion in our commitmait to SL7iPturq our ￿"gh view of preachin& and
the anphasis on application of truth in ow care groups.
4. The Hoty Splrit: To be a part of New Life is to value the xtive presenLY of God and the ministy of the Holy Spirit.
This finds expressi(xJ in our anphasis on corwrate worskn. p. our appr￿atsOn of and earnest desire for spiritual ￿fts,
mes of personal ministy in care groups and after the Sunday nxetin& an ovffall desire to cultivate a hfestyle of
faith-filled dep￿da)ce upon c￿d.
5. Sancdflcatlffj: To be a part of New Life is to pursue growth in godliness. This finds expression in our anphasis on
small groups, our pursuit of bilAical fellOw3￿.P, md our d￿lre to appty the truth of God to our hves in every way
possible.
6. Relationship8: To be a part of Nffiv Life is to value and to be LM)mnlltted to relations￿"p&-as IK)th a source of joy
and a Ch￿e1 of God's gr&e. This finds expression in our care groups. our pursuit of Ixblical fellowship, our emphasis
(x] famity life. marriage and parfflting trainin& ow appr￿latIOn of and care for smgles. the practice of hospitality. and
countless othu ways.
7. Servanthood: To be a wt of New Life is to embrace the Val￿ of servanthood. Jesw calls all His followers to
embrace servanthood as the mark of true grealn
e are blessed with an abundance of true s￿Vants. This finds
exprassion in a wide varirty of ministy teams, smal
, our cultivation of Spiritu￿ ￿fts. and in an ￿dI￿S array of
both forn)al church cOn￿ts (e.8., the Sunday M￿ting) and llffonnal life settings.
8. Evangell$mlMission: To be a part of New Life is to be consistffltty rerninded of ow privilege and rw(msibility to
share the gospel. llKlividually and corp(ntely.
expression in suth things &s 'Chn'stianity Explored. cours
regular opportimities for inviting others and bang involved in sharing the mwe about Jesus with other5.
Membershi
Covenant of New Life Christian Centre
We define our membership not as a legalistic doCUm￿t but as a stat￿n￿t of Godly intfflL
For those who wish to be considered for churth n*mbership. are encowa8￿ to tske part in a course called 'Walking
Togethef,. whith covffs the following subJ"ects:
Lesson I Welcome to ￿alking Togeth￿.
Lesson 2 The Purpose of Journry: G(xl's Glory in Through the Churth
L￿sOn 3 The Bewg of the Journey: The Gospd
Lesson 4 Embarking on the Journw: Our R￿p(￿se to the GOSFI
Lesson 5 Contlnuing the JournLy: Sanctification
Lesson 6 Understandmg the JournLry: The ImpOrt￿Ce of Sound Doctrine
L￿sOn 7 Straigth for the Journey: Empowered try the Spirit
Clwity No 1053316

ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2021
Lesson 8 Together on the Journey: Relationships An the Church
Lesson 9 Participating in the Journey: Servanthood and Stewardship
Lesson l O Care along the Journey: Pastoral Leadership
Lesson I l Reaching others on the Journey: Evangelism and Mission
ntri
In order to complete the evangelistic activities and the ministry of the church it clearly recognised what an invaluable
contiibution volunteers play. This is shown by their practical serving in the church in time and talenL and in their
generous, regular and faithful giving of finance which acc(xmts for ~590/0 of the total income received during the year
2020121. The remaining income is made up from Gift Aid (-12 % ) and other income resources (-2￿/0) for the same
financial year.
rm
To continue to provide activities which are part of the charity's objects and purpose statement.
02
To maintain the operating of the charity by using income resources from church members and other income
Streams.
The mortgage loan for the new community hall to be serviced by pledges from the charity's members and
other general income reS￿r￿s.
The provision of the charity's activities to be made possible by the use of key leaders and members of the
charity. in which these activities are to be financed from general funds. Also to obtain funds where possible from
grant making organisations to help support the youth and children's work.
ain Activiti
2nd Achi
Opening comments: During March 2020 the church was closed as part of the lockdown resultin8 from the COVID-19
pandemic. No 'in person, church services or activities were allowed to continue for certain periods. During the year a
Health and Safety risk assessment was undertaken regularly in order to comply with Government guidance. Also, the
users of rooms were advised by their owisations to close all operations which was in-line with government
guidelines. The operation of the Foodbank was allowed to CA)ntinue as it was deemed to be an essenti￿ service in which
the volunteers of the Foodbank maintained covid safe practices. In order to maAntsin the general giving income strean
members of New Life Christian Centre We￿ enC￿￿aged to pay their giving by alternative means such as (￿line
banking using standing order or bank credit. Also, the mortgage was renegotiated with the lender (Kingdom Bank) and
it was changed as from April 2020 to an interest only mortgage for 3 months followed by partial mortgage payments
until end of Oct 2020. Enhanced mortgage payments for period Oct- Dec 2020 and nornlal mortgage payments as from
Jan 2021. These steps enabled New Life Christian Centre to maintain the cash flow of the General accounL
During 2020121 the following activities were arranged as the charity's objects and purpose statement:
The provision of church services each week to a congregation of children and adults from the local
community. These services involved worship. exposition of the word of God, proclamation of the Gospel. prayer
and participation at the Lord's table. A weekly Sunday school which provided bible fraching to youth and children
of the church was suspended during 2020121. During mid-week there was the provision of a bible study as
required. a church prayer ￿0Up and activities to facilitate fellowship between church members. Throughout
2020121 the church service and mid-week activities only operated under COVID safe conditions according to
government guidance during 2020121.
The church web site continues to promote the objects and purpose statement of the church. Also the church
FacebooK along with an additional WhatsApp grLWP for members and friends of the church continues as a means
of encouragement and contact about various church events which promote the life, the death and resurrection of
Jesus Christ.
Care and prayer groups in different locations were suspended durin8 2020121
Charity No 1053316

ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2021
Continued to provide a thurth child protectiffl p(th"cy for the youth and childra]'s works.
An outreath group for murn￿p￿ts with toddI￿S callal "Little SL3r5" and comma]￿1 in Oct 2(K)7 w&s
s￿p￿ded during 2020121.
During 2020121 the thurch wivided finanaal prayey support to 2 missionary couples ￿ ￿deaVoured to
promote the G)s￿l of Jesus Christ in othff natI(X￿ thro*ut the world.
A drop in commmity café called the The N￿, c(xnma)c&l in early Nov 2010 wthich was set UP as a means
of outreach of the christi￿ faith into the coMm￿lty. The""Net" was suspffldal during major parts 2020121
From June 2011 thffe was the comrnicemfflt of a-FOodb￿k Cffltre- a satdlite of ￿Orth Lakes F(x)dba*-
which is a collethion and thstribution cffltre which volunteers ovide food proi'isions for those in neeAI from the
local community. This "Fo(xlbank. Cffltre" was allowed to
nue to owate under covid safe conditions as it
W&8 deemed an essffltsal wvice dunng 202012
During September 2013 the ,￿obbieS FelloThskn"p- comrr£nced to fostu fdlowsknp betwe￿ those attend
New Life ChurdL The tr1obbi￿ Fellowslll"P- w&8 SuS￿ded for 202
During 2020121 the inconK receiv
for the new commurrity hall ￿lch
was sufficifflt to cov
t in 2(M)7.
e suptK)rt costs including the mortg4e lo
As from I. Oct 2013 New Life Church comMfflC￿ Pastor Gary Brown as a full-time salaried position. This
fUlf￿S the goal of New Life Ch
'To
t being abl f￿d
nister on a full-time
salary md those
ectively-. Th
come r￿e1veAl during 2020121 has
continuejl to provide the n
l-time salaried positi￿.
finance
5 Financial Review
The tharity's fin￿Cial perfOrn￿Ce fflabled the iM)me r￿QVed to finance:
Grants payable in fijrthrnce of charitable obj
Activities in furtheTrnce of the chantable objects
Support costs
Resourcas eXp￿ded
ngan
Church's Poli
on the Distribution of Income:
The thurch
ds are distribut￿1 &$ fo
An Evanzelism Fund - to s
Wkn'tehaven and sUrrO￿￿n8 ar
rt the main
oal of New Life christi￿ Cffltre- To give everyone in
hear and reswnd to the
l of Jes￿$ Christ.
A Missions Fund - to regularty support S￿lfIC missionaries and itinerant missi￿2[10$ proclaim the
gos￿1 of Jesw Christ to Oth￿ natt.0￿ and p￿pIe groups in the world
A Youth and Children Fund - to support e ministy to rexh youth childrn with the gospd of Jasus
Christ.
A Mlnisttr Support FWMI - lo raise sup
rdeased to lead the ministy of woclaiming the
or a full-time minist￿'S salary
pel of jes￿ Chn. st to all ages
rder the ministff cm be
A GeDernl Fund - to covff the support the charity's main activities ind￿ling servicing a mortgage loa
The church policy is to review the amount allocated to a specific fun<L which is carried out annualty out by
the Church Council. For more detsiled informats.on about the church's finances please see the final accounts
for the year endd 31 st March 2021. The aecounts for New Life Christian Caltre were Independ￿tty
examined by -lndepa)de￿t E￿qmIn￿S Ltd"
Charity No 1053316

ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2021
Reserves Poli
The trustees have considerd the level of reserves thry wish to retain. appropriate to the Ch￿Ity's needs.
This is based on the tharity's SIZE and levd of financial commitments held. The trustees aim to ensure the
charity will be able to continue to fulfil its charitable objectives even if th￿e is a t￿npOr￿ shortfall in
income or unexpedd eXp￿]th"ture. The trustees will endeavour not to set aside funds unnecessarily.
6 Future Plans:
To grow in faith and numlxts as pmts.
To remain faithful to prethng the whole counsel of God as defllKd in the gos￿1 of Jesus Christ
To mgintain ￿ eV￿geliCal witness to ow town districL
To opffate ¢fficiattly ￿ wisely. stewarding the resources have be￿ 8iVa] to us by God
To equip our p￿pIe to fulfil their fiMcti￿] in the local thurth.
To provide a safe secure aivironmart to bnng up the clll"Idrffi of the fellowskn"p.
The Charities Act 2011 require the trustees to prepare flljancial for each financial vear
which ￿ve a true and fair view of the state of affairs of the trust and of the surplus of the Inkst f
that pen'od In prepa￿8 those fmmcial staten￿ts the tr￿teeS are rquired to:.
Seject suitabje xcounting poli(?es and appjv them c4￿1st￿tty.
Make judgern￿ts and estimates that are re￿onable ald prudent
Prepare financial statawts (m the 8Om8 corn ￿￿esS it is inappropriate to ￿eSurne that the tr￿t will
continue in existaKe.
The tnLStees are r￿(￿SIble for keeping proper accoffttmg r￿ds. wthich thsclose with rasonable accuracs. at any
me the financial p￿tion of the trust. are also responsible for safeguarth'ng the assets of the Inst and hffice
for taking reasrnable steps for the Preventi(￿ al￿ del￿1￿ of fraud and th irregulariti&s.
Approved lry the Trustees (m:
12/12/11
Approved lry Trwtees (M:
Signed by:
Signed by:
Tru&ee's Signature: G￿Y D Brown
Trustee's sI￿ature. David A Nice
Charity No 1053316

## **NEW LIFE CHRISTIAN CENTRE** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2021** 

|||Unrestricted|Designated|Restricted|**TOTAL**|**TOTAL**|
|---|---|---|---|---|---|---|
||Notes|Funds|Funds|Funds|**2020/21**|**2019/20**|
|||£|£|£|£|£|
|**INCOMING RESOURCES**|||||||
|**Incoming Resources from Generated**||**Funds**|||||
|Donations & Legacies|3a|56,322|-|-|56,322|55,088|
|Activities for Generating Funds|3b|11,418|-|-|11,418|35,251|
|Investment Income|3c|5|-|-|5|36|
|Charitable Activities|3d|209|537|-|746|3,201|
|Other Incoming Resources|3e|15,627|-|-|15,627|336|
|**TOTAL INCOMING RESOURCES**||**83,581**|**537**|**-**|**84,118**|**93,912**|
|**RESOURCES EXPENDED**|||||||
|**Costs of Generating Funds**|||||||
|Charitable Activities|4a|75,328|1,225|-|76,553|87,996|
|**TOTAL RESOURCES EXPENDED**||**75,328**|**1,225**|**-**|**76,553**|**87,996**|
|**NET INCOMING/**|||||||
|**(OUTGOING) RESOURCES**||**8,253**|**(688)**|**-**|**7,565**|**5,916**|
|Total Funds Brought Forward||330,278|2,454|-|332,732|326,816|
|Transfer Between Funds||(807)|807|-|-|-|
|**TOTAL FUNDS CARRIED FORWARD**||**337,724**|**2,573**|**-**|**340,297**|**332,732**|



Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing. 

The notes on pages 10 to 15 form part of these financial statements. 

8 



NEW UFE CHRISTIAN CENTRE
BALANCE SHEET
AS AT 31ST MARCH 2021
Unrestricted Restricted 31-Ma￿21 31-Ma￿20
Funds
Funds
Total
Total
Note
Fixed Assets
Tangible Assets
413.603
413.603
415,584
Current A55et5
Debtors & Prepayments
Cash at Bank and In Hand
Total Current Assets
1.855
14,530
16,385
1,855
2,806
Creditors: amounts falling due within one
24,540
24,540
24,540
NET CURRENT ASSETS
(8,155)
18, 1551
(6,607)
Creditors: amounts falling due in more
than one year
io
65,151
65.151
76,245
NEf ASSETS
340.297
340,297
332,732
Funds of the Charity
General Funds
Designated Fund5
Restricted Funds
337.724
2.573
337.724
2.573
330.278
2,454
Total Funds
340.297
340,297
332,732
Approved by the Trustee5 On: . ....
Approved by the Trustees on: ...
21
Slgned by..
Signed by:
Trustee's Slgnature: Gary D. Brown
Trnstee's Signatu￿. Allce faylor

## **NEW LIFE CHRISTIAN CENTRE** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021** 

## **1. ACCOUNTING POLICIES** 

## **Basis of Preparation** 

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011. 

The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes. 

## **Assessment of Going Concern** 

Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern. 

## **Incoming Resources** 

## _**Recognition of Incoming Resources**_ 

These are included in the Statement of Financial Activities (SOFA) when: 

▪ the charity becomes entitled to the resources; 

▪ the trustees are virtually certain they will receive the resources; and 

▪ the monetary value can be measured with sufficient reliability 

## _**Incoming Resources with Related Expenditure**_ 

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA. 

## _**Grants and Donations**_ 

Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources. 

## _**Tax Reclaims on Donations and Gifts**_ 

Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. 

## _**Contractual Income and Performance Related Grants**_ 

This is only included in the SOFA once the related goods or services has been delivered. 

## _**Gifts in Kind**_ 

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable. 

## _**Donated Services and Facilities**_ 

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. 

## _**Volunteer Help**_ 

The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report. 

## _**Investment Income**_ 

This is included in the accounts when receivable. 

## _**Investment Gains and Losses**_ 

This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. 

10 



## **NEW LIFE CHRISTIAN CENTRE** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021** 

## **1. ACCOUNTING POLICIES (Continued)** 

## **Expenditure and Liabilities** 

## _**Liability Recognition**_ 

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. 

## _**Governance Costs**_ 

Include costs of the preparation and examination of statutory accounts, the costs of the trustees' meetings and cost of any legal advice to trustees on governance or constitutional matters. 

## _**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**_ 

These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity. 

## _**Support Costs**_ 

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources, eg allocating property costs by floor areas, or per capital employed, staff costs by the time spent and other costs by their usage. 

## _**Fixed Assets**_ 

Tangible fixed assets for use by the charity, these are capitalised if they can be used for more than one year, and cost at least £1,000. They are valued at cost or, if gifted, at the value to the charity on receipt. 

## _**Investments**_ 

Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value. There has been no change to the accounting policies (valuation rules and methods of accounting) since last year. 

Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a reducing balance basis over their estimated useful lives. The rates applied for general equipment is 10% with no depreciation charged to freehold property as this is maintained to such a standard that the estimated residual value is not less than cost. 

## **2. TANGIBLE FIXED ASSETS** 

|Cost<br>01-Apr-20<br>Additions<br>Disposals<br>Cost at<br>31-Mar-21<br>Depreciation<br>01-Apr-20<br>Charge<br>Disposals<br>Depreciation at<br>31-Mar-21<br>Net Book Value<br>31-Mar-21<br>Net Book Value<br>31-Mar-20|Land &<br>General<br>**Total**<br>Buildings<br>Equipment **2020/21**<br>**£**<br>**£**<br>**£**<br>402,636<br>83,938<br>486,574<br>-<br>-<br>-<br>-<br>-<br>-<br>402,636<br>83,938<br>486,574<br>-<br>70,990<br>70,990<br>-<br>1,981<br>1,981<br>-<br>-<br>-<br>-<br>72,971<br>72,971<br>-<br>**402,636**<br>**10,967**<br>**413,603**<br>402,636<br>12,948<br>415,584|
|---|---|



The annual commitments under non-cancelling operating leases and capital commitments are as 

31st March 2021: £23,400 31st March 2020: £23,400 

11 



## **NEW LIFE CHRISTIAN CENTRE** 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2021** 

## **3. INCOMING RESOURCES** 

|Notes<br>**a) Donations & Legacies**<br>Gifts & Donations<br>Gift Aid Tax Recovered<br>Pledges<br>Ministry Support<br>**b)  Activities for Generating Funds**<br>Car Parking Receipts<br>Hire of Church Rooms<br>Community Café<br>**c) Investment Income**<br>Interest<br>**d) Charitable Activities**<br>Books & Publications<br>Charitable Missions<br>5<br>Fellowship Income<br>Youth & Children<br>5<br>**e) Other Incoming Resources**<br>HMR&C Job Retention Scheme<br>Insurance Claims<br>Sundry Income|Unrestricted Designated Restricted<br>**TOTAL**<br>**TOTAL**<br>Funds<br>Funds<br>Funds<br>**2020/21**<br>**2019/20**<br>£<br>£<br>£<br>£<br>£<br>43,697<br>-<br>-<br>43,697<br>41,195<br>8,805<br>-<br>-<br>8,805<br>9,533<br>1,730<br>-<br>-<br>1,730<br>1,920<br>2,090<br>-<br>-<br>2,090<br>2,440<br>**56,322**<br>**-**<br>**-**<br>**56,322**<br>**55,088**<br>3,060<br>-<br>-<br>3,060<br>4,340<br>8,358<br>-<br>-<br>8,358<br>28,562<br>-<br>-<br>-<br>-<br>2,349<br>**11,418**<br>**-**<br>**-**<br>**11,418**<br>**35,251**<br>5<br>-<br>-<br>5<br>36<br>**5**<br>**-**<br>**-**<br>**5**<br>**36**<br>209<br>-<br>-<br>209<br>100<br>-<br>350<br>-<br>350<br>650<br>-<br>-<br>-<br>-<br>1,182<br>-<br>187<br>-<br>187<br>1,269<br>**209**<br>**537**<br>**-**<br>**746**<br>**3,201**<br>3,219<br>-<br>-<br>3,219<br>-<br>12,120<br>-<br>-<br>12,120<br>58<br>288<br>-<br>-<br>288<br>278<br>**15,627**<br>**-**<br>**-**<br>**15,627**<br>**336**|
|---|---|



12 



## **NEW LIFE CHRISTIAN CENTRE** 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2021** 

## **4. RESOURCES EXPENDED** 

|Notes<br>**a) Charitable Activities**<br>Bank & Interest Charges<br>Bible Classes<br>Books , Leaflets, Info<br>Car Allowance<br>Catering and Cleaning Costs<br>Charitable Missions<br>5<br>Community Café<br>Computer Equipment<br>Conference Costs<br>Depreciation Expense<br>Evangelism<br>Fellowship Expenses<br>Fifty plus<br>Gifts & Donations<br>Independent Examiners Fees<br>Insurance Costs<br>Legal & Professional Fees<br>Printing, Postage & Stationery<br>Rent & Hires<br>Repairs & Maintenance<br>Staff Costs<br>11<br>Sundry Expenses<br>Telephone Costs<br>Training Costs<br>Utility Costs<br>Visiting Speakers<br>Website & Broadband Costs<br>Youth & Children<br>5|Unrestricted Designated Restricted<br>**TOTAL**<br>**TOTAL**<br>Funds<br>Funds<br>Funds<br>**2020/21**<br>**2019/20**<br>£<br>£<br>£<br>£<br>£<br>6,857<br>-<br>-<br>6,857<br>7,894<br>49<br>-<br>-<br>49<br>247<br>588<br>-<br>-<br>588<br>709<br>987<br>-<br>-<br>987<br>1,776<br>447<br>-<br>-<br>447<br>846<br>-<br>1,157<br>-<br>1,157<br>1,570<br>-<br>-<br>-<br>-<br>1,551<br>1,054<br>-<br>-<br>1,054<br>-<br>-<br>-<br>-<br>-<br>278<br>1,981<br>-<br>-<br>1,981<br>1,556<br>42<br>-<br>-<br>42<br>359<br>-<br>-<br>-<br>-<br>1,318<br>-<br>-<br>-<br>-<br>-<br>1,348<br>-<br>-<br>1,348<br>1,238<br>1,080<br>-<br>-<br>1,080<br>1,080<br>1,517<br>-<br>-<br>1,517<br>2,239<br>1,240<br>-<br>-<br>1,240<br>120<br>912<br>-<br>-<br>912<br>951<br>1,114<br>-<br>-<br>1,114<br>1,114<br>4,428<br>-<br>-<br>4,428<br>5,033<br>46,629<br>-<br>-<br>46,629<br>48,321<br>434<br>-<br>-<br>434<br>2,502<br>923<br>-<br>-<br>923<br>981<br>-<br>-<br>-<br>-<br>30<br>3,409<br>-<br>-<br>3,409<br>4,713<br>200<br>-<br>-<br>200<br>450<br>89<br>-<br>-<br>89<br>44<br>-<br>68<br>-<br>68<br>1,076<br>**75,328**<br>**1,225**<br>**-**<br>**76,553**<br>**87,996**|
|---|---|



13 



## **NEW LIFE CHRISTIAN CENTRE** 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2021** 

## **5. DESIGNATED FUNDS** 

|**Designated Funds**<br>Christian Mission<br>Youth & Children|**Balance**<br>Expend-<br>Transfer<br>**Balance**<br>**01-Apr-20**<br>Income<br>iture<br>of Funds<br>**31-Mar-21**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>-<br>350<br>1,157<br>807<br>-<br>2,454<br>187<br>68<br>-<br>2,573<br>**2,454**<br>**537**<br>**1,225**<br>**807**<br>**2,573**|
|---|---|



The designated fund are wholly represented by the Charity's cash reserves. 

## **6. RESTRICTED FUNDS** 

The Charity held no restricted fund during this or the previous financial period. 

## **7. CASH AT BANK AND IN HAND** 

|General Current Account<br>Holding Account<br>Missions Account<br>Evangelism Account<br>Kingdom Bank Savings Account<br>Youth & Children Account<br>Petty Cash<br>**8. DEBTORS AND PREPAYMENTS**<br>Gift Aid Tax Recoverable<br>Sundry Debtors|Unrestricted Restricted<br>**Total**<br>**Total**<br>Fund<br>Fund<br>**31-Mar-21 31-Mar-20**<br>£<br>£<br>**£**<br>**£**<br>2,302<br>-<br>2,302<br>2,293<br>11,112<br>-<br>11,112<br>9,516<br>242<br>-<br>242<br>1,162<br>324<br>-<br>324<br>1,323<br>72<br>-<br>72<br>272<br>397<br>-<br>397<br>533<br>81<br>-<br>81<br>28<br>**14,530**<br>**-**<br>**14,530**<br>**15,127**<br>Unrestricted Restricted<br>**Total**<br>**Total**<br>Fund<br>Fund<br>**31-Mar-21 31-Mar-20**<br>£<br>£<br>**£**<br>**£**<br>1,855<br>-<br>1,855<br>2,323<br>-<br>-<br>-<br>483<br>**1,855**<br>**-**<br>**1,855**<br>**2,806**|
|---|---|



14 



## **NEW LIFE CHRISTIAN CENTRE** 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2021** 

## **9. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

||Unrestricted|Restricted|**Total**|**Total**|
|---|---|---|---|---|
||Fund|Fund|**31-Mar-21 **|**31-Mar-20**|
||£|£|**£**|**£**|
|Kingdom Bank Loan|23,400|-|23,400|23,400|
|Independent Examiner's Fee|1,080|-|1,080|1,080|
|Sundry Creditors|60|-|60|60|
||**24,540**|**-**|**24,540**|**24,540**|
|**10. CREDITORS AND ACCRUALS: AMOUNTS FALLING IN MORE**||**THAN ONE YEAR**|||
|Kingdom Bank Loan|Unrestricted <br>Fund<br>£<br>65,151|Restricted<br>Fund<br>£<br>-|**Total**<br>**31-Mar-21 **<br>**£**<br>65,151|**Total**<br> **31-Mar-20**<br>**£**<br>76,245|
||**65,151**|**-**|**65,151**|**76,245**|
|**11. STAFF COSTS AND NUMBERS**|||||
|Gross Wages and Salaries|**2020/21**<br>**£**<br>37,280||**2019/20**<br>**£**<br>38,831||
|Employer's National Insurance Costs|3,377||3,518||
|Pension Contributions|5,972||5,972||
||**46,629**||**48,321**||



The Charity operates payroll under the PAYE scheme to pay all employed members of staff and no employee received emoluments in the range of £50,000 to £60,000 (2019/20:None). 

## **12. TRUSTEES AND OTHER RELATED PARTIES** 

During the financial period Trustees Mr G. Brown received £36,425 (2019/20: £36,243) in salary related payments, £5,972 (2019/20:£5,972) in Pension Contribution, £290 (2019/20: £378) in telephone costs, £987 (2019/20 £1,176) in car allowances and £0 (2019/20:£278) in conference expense in his capacity as Church Pastor of The New Life Christian Centre and in furthering the Charity's objects. 

During the financial year Trustee Mrs Alice Taylor received £4,232 (2019/20: £6,106) in salary related payments in her capacity as administrator for the New Life Christian Centre in furthering the Charity's objects. 

No other payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them. 

## **13. PUBLIC BENEFIT** 

The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake. 

15 



## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS** 

Report to the trustees/ members of New Life Christian Centre on the accounts for the year ended 31st March 2021 set out on pages 8 to 15. 

## **Respective responsibilities of trustees and examiner** 

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. 

## It is my responsibility to: 

- examine the accounts under section 145 of the Charities Act, 

- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and 

- to state whether particular matters have come to my attention 

## **Basis of independent examiner’s statement** 

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. 

## **Independent examiner's statement** 

In connection with my examination, no matter has come to my attention 

1.    which gives me reasonable cause to believe that in, any material respect, the requirements: 

- to keep accounting records in accordance with section 130 of the Charities Act; and 

- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act 

have not been met; or 

2.   to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

P B Robinson MAAT FCIE Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF 





















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