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2022-03-31-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2022

NEW LIFE CHRISTIAN CENTRE

CHARITY REGISTRATION NUMBER 1053316

Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF Bosham PO18 8NF

NEW LIFE CHRISTIAN CENTRE

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

----- Start of picture text -----
Page
Legal and Administrative Information 3
Trustees' Report 4 to 9
Independent Examiner's Report on the Accounts 10
Statement of Financial Activities 11
Balance Sheet 12
Notes to the Accounts 13 to 20
----- End of picture text -----

NEW LIFE CHRISTIAN CENTRE

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER

1053316

WORKING NAMES START OF FINANCIAL YEAR

WORKING NAMES NEW LIFE CHURCH START OF FINANCIAL YEAR 01 April 2021 END OF FINANCIAL YEAR 31 March 2022 TRUSTEES AT 31 MARCH 2022 Pastor Gary D Brown Chairman Mrs A Taylor Mr D A Nice Mrs S Bartlett HOLDING TRUSTEES Pastor Gary D Brown Mrs A Taylor Mr D A Nice Mrs S Bartlett

The existing trustees appoint any new trustees following the provisions laid out in the Charity's governing instrument.

GOVERNING INSTRUMENT

The previous trust deed with Assemblies of God adopted 21 May 2006 has been superseded by a new constitution and trust deed which was adopted by special resolution of New Life Christian Centre on 12th November 2017. This document has been accepted and filed at the Charity Commission on 15th Jan 2018.

New Life Christian Centre using the working name of “New Life Church” has been affiliated with the “Fellowship of Independent Evangelical Churches” ( FIEC ) as from Sept 2017.

REGISTRATION DATE

27 February 1996:Standard registration

OBJECTS

a) To advance the Christian Faith in accordance with the statement in such ways and in such parts of the United Kingdom or the world as the church council from time to time may think fit.

b) To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind including through the provision of counselling and support in such parts of the United Kingdom or the world as the church council from time to time think fit.

c) To advance education in such ways and in such parts of the United Kingdom or the world as the church council from time to time may think fit.

CORRESPONDENCE ADDRESS

24-25 Irish Street Whitehaven Cumbria CA28 7BY

EMAIL ADDRESS & WEBSITE ADDRESS info@nlc-online.org.uk and www.nlc-online.org.uk

PRIMARY BANKERS Barclays Bank Plc, 2, Frinkle Sreet Workington Cumbria CA14 2AU INDEPENDENT EXAMINER Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF

3

NEW LIFE CHRISTIAN CENTRE

TRUSTEES' REPORT

FOR THE YEAR ENDED 31ST MARCH 2022

1 Reference and Administrative Details of Charity, Trustees and Advisors

Name of Charity New Life Christian Centre

Other Working Name of Charity New Life Church

Registered Charity No 1053316

Official Address 24-25, Irish Street, Whitehaven, Cumbria, CA28 7BY. Tel/Fax: 01946 66556

E-mail Address & Web Site Address info@nlc-online.org.uk and www.nlc-online.org.uk

Names of Management Trustees Pastor Gary D Brown (chairman), Mr D A Nice, Mrs A Taylor and Mrs S Bartlett.

Holding Trustees Pastor Gary D Brown, Mrs A Taylor, Mr D A Nice and Mrs S Bartlett

Advisors

2 Structure, Governance and Management

The Model Deed for New Life Christian Centre

Organisational Structure of Charity

The Church Council of New Life Church which is composed of four members (Pastor Gary D Brown - chairman, Mr D A Nice, Mrs A Taylor and Mrs S Bartlett) who are the management trustees of the charity. These trustees are entitled to appoint other trustees as required. New trustees are introduced into the work by initially been given a copy of the previous year’s accounts including the trustees’ report. A working knowledge of the charity is gained by attendance at bimonthly church council meetings and regular input from the chairman and other trustees.

Financial Risk Assessment

The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational risks which they face and confirm they have established systems to mitigate

4

NEW LIFE CHRISTIAN CENTRE

TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2022

The significant risks as shown below:

Major Risks to the Charity:

One major risk to the charity is to not have sufficient income to fulfil its objects, purpose statement and goals. This risk is minimised by a constant review of all sources of income and being prudent in regard to expenditure by the Church Council. Also the risk of financial loss to the charity is kept under control by:

3 Objectives and Activities

The Objects of New Life Christian Centre

Purpose Statement of New Life Christian Centre

“New Life Church exists as a community of Christians aiming to be gospel-centred in all our faith and practice, proclaiming Jesus to the world. Our purpose is therefore to build a gospel-centred Trinitarian church for all the family where people of all ages can belong, believe and grow in faith, love and ministry for the glory of God.

Core Values of New Life Christian Centre

We define our core values as “those things” that most closely define how we think, act and live, as a church community. As a church we value:

  1. The Gospel: To be a part of New Life is to love the gospel. The gospel is not just the entrance to the church, it is our central message, and the lens through which we view life. This finds expression in our confidence in the gospel to transform lives, in our heart for evangelism, as a foundation for our sanctification, as a source of our joy in God, and as an impetus for worship.

  2. Passion for God : To be a part of New Life is to cultivate growing affections for God. We never want our relationship with God to become passive or apathetic, but we desire to be ever growing in our love for our Saviour. This finds expression in our corporate worship, our intentional pursuit of the spiritual disciplines, our love for God’s word, the joy and gratitude that we seek to cultivate—hopefully, this will be seen in all that we do as a church.

  3. Sound Doctrine : To be a part of New Life is to value sound doctrine, to grow in our knowledge of biblical truth, and to apply this truth to our lives. This finds expression in our commitment to Scripture, our high view of preaching, and the emphasis on application of truth in our care groups.

  4. The Holy Spirit : To be a part of New Life is to value the active presence of God and the ministry of the Holy Spirit. This finds expression in our emphasis on corporate worship, our appreciation of and earnest desire for spiritual gifts and times of personal ministry in care groups and after the Sunday meeting, and an overall desire to cultivate a lifestyle of faith-filled dependence upon God.

  5. Sanctification: To be a part of New Life is to pursue growth in godliness. This finds expression in our emphasis on small groups, our pursuit of biblical fellowship, and our desire to apply the truth of God to our lives in every way possible.

5

NEW LIFE CHRISTIAN CENTRE

TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2022

Core Values of New Life Christian Centre (continued)

  1. Relationships: To be a part of New Life is to value and to be committed to relationships—as both a source of joy and a channel of God’s grace. This finds expression in our care groups, our pursuit of biblical fellowship, our emphasis on family life, marriage and parenting training, our appreciation of and care for singles, the practice of hospitality, and countless other ways.

  2. Servanthood: To be a part of New Life is to embrace the value of servanthood. Jesus calls all His followers to embrace servanthood as the mark of true greatness, and we are blessed with an abundance of true servants. This finds expression in a wide variety of ministry teams, small groups, our cultivation of spiritual gifts, and in an endless array of both formal church contexts (e.g., the Sunday meeting) and informal life settings.

  3. Evangelism/Mission: To be a part of New Life is to be consistently reminded of our privilege and responsibility to share the gospel, individually and corporately. This finds expression in such things as ‘Christianity Explored’ courses, regular opportunities for inviting others and being involved in sharing the message about Jesus with others.

Membership Covenant of New Life Christian Centre

We define our membership not as a legalistic document but as a statement of Godly intent.

For those who wish to be considered for church membership, are encouraged to take part in a course called “Walking Together”, which covers the following subjects:

Contribution of Volunteers

In order to complete the evangelistic activities and the ministry of the church it clearly recognised what an invaluable contribution volunteers play. This is shown by their practical serving in the church in time and talent, and in their generous, regular and faithful giving of finance which accounts for ~54% of the total income received during the year 2021/22. The remaining income is made up of ~11% Gift Aid and ~35% of other income resources for the same financial year.

4 Achievements and Performance

Main Objective’s for the Year 2021/22

Strategies to Achieve Objective’s for the Year 2021/22

6

NEW LIFE CHRISTIAN CENTRE

TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2022

Review of Main Activities and Achievements for 2021/22

Opening comments: During 2021/22 the COVID restrictions were lifted at different times of the year and so the church services and activities were opened up in stages.

5 Financial Review

The charity’s financial performance enabled the income received to finance:

Church’s Policy on the Distribution of Income:

The church funds are distributed as follows:

The church policy is to review the amount allocated to a specific fund, which is carried out annually out by the Church Council. For more detailed information about the church’s finances please see the final accounts for the year ended 31st March 2022. The accounts for New Life Christian Centre were independently examined by “Independent Examiners Ltd”.

7

NEW LIFE CHRISTIAN CENTRE

TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2022

Reserves Policy:

The trustees have considered the level of reserves they wish to retain, appropriate to the charity’s needs. This is based on the charity’s size and level of financial commitments held. The trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.

6_Future Plans:

8

NEW LIFE CHRISTIAN CENTRE TRusfEES REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2022 Re8wnslbllStl¢s of LTharty reque5 the Board rf Trustees to prepwe statem￿t$ h1￿CIal Y4hKh gr¥Y a true and far wew of the state rf affa$ c+ the charty (< its inCl•nFI9 restyjrces rtswrces eXp￿ded for the p¥b>J. In preparrig thtbe finaRcW statements. the Bwd rfTrustee5 shouhl fts%)w best practKe and requtyed to.. st suf(ablE PL5 appty them C¢￿S&tait JUdgm￿t$ and estinate5 that are prvdffit wlth appICab￿ ￿COUnting stand¥ds sUb￿t tts y m¥kufjal d￿￿tureS dtscbs&l •d exptskn in the fknanc&)I statements prepare the financk4 5t&ement5 on the oonp c￿ctsn ba515 unss * i% inp4)pn)pr&eto presume th& the chary ¥¢dl c￿tt￿Ue th operatt The 8o¥d LTrustees Is re5pwsb fv M￿nt￿n9 pr(ty)er ￿CtyjntIl9 rtrds dL4chx%e wlth rea$￿able curacy at any tkne the fknancw pos((￿ of the chary and to than to ￿$￿re that the fin￿t￿lIstat￿n￿ts compty wf(h the Tharlts Act 1993. They are 0 rtsponslib2 fDr satsjuardkng the assds rfthe ch¥ty and hw¢e fw takthg reasoTrèb steps for the pre￿tA￿ and d￿tth￿ (fraud 6nd rth¢r to prtr4ide rea5￿ab assurance that..- the charty is eftfjertty effttth al assets ¥e saFtyuadeJ agaknst unwthLY55ed use ￿ d￿pOs￿n applEd prtrper records ¥e makntakned and I￿￿(￿al knformatkn usèj whkn the tharty or for pub￿ath￿ L r4kb the charky compks wel2￿t l•ws ald reQU￿1)n$ The c+ Intwnl CLYttrd are ￿e$￿Jn￿l to provide bLtt nrt &1$￿te asSUr￿ce 4ahTrst mattr tn15Staternent or k65. pprovèy by the TrusteÉ8 t¥)............... gnl on th byTrustee.............. . F￿ntaI Name: Approved by the Trustee5 on........ th behal by Trust*....................... knt&l Nane..

NEW LIFE CHRISTIAN CENTRE

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2022

Report to the trustees/ members of New Life Christian Centre on the accounts for the year ended 31st March 2022.

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:

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:

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

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

  4. have not been met; or

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

Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF Date: 30th January 2023

10

NEW LIFE CHRISTIAN CENTRE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022

Notes
INCOMING RESOURCES
Donations & Legacies
3a
Investment Income
3b
Charitable Activities
3c
Other Income
3d
Other Incoming Resources
3e
TOTAL INCOMING RESOURCES
Costs of Charitable Activities
4a
NET INCOMING/(OUTGOING) RESOURCES
Balances Brought Forward
BALANCES CARRIED FORWARD
RECONCILIATION OF FUNDS:
RESOURCES EXPENDED
TOTAL RESOURCES EXPENDED
TRANSFERS BETWEEN FUNDS
NET MOVEMENT IN FUNDS		 Unrestricted
Restricted
Designated
Total
Total
Funds
Funds
Funds
2021/22
2020/21
£
£
£
£
53,416
-
1,513
54,929
56,322
1
-
-
1
5
18,772
-
-
18,772
11,418
343
-
-
343
746
9,156
-
-
9,156
15,627
81,686
-
1,513
83,200
84,118
72,640
-
970
73,610
76,553
72,640
-
970
73,610
76,553
9,046
-
543
9,589
7,565
433
-
(433)
-
-
9,479
-
110
9,589
7,565
337,482
-
2,815
340,297
332,732
346,962
-
2,925
349,887
340,297

All of the Charity's operations are classed as continuing operations.

The notes form part of these financial statements, found on pages:-

13 to 20

11

NEW LIFE CHRIsfJAN CEtrniE BALANCE SHEET AS AT 31 MARCH 2022 Unre5trfctal Re5trtted nd nds Totsl Total 31-M•Tr22 31-MJTr21 Flxod AsEOts Tanoibk Assets NLes 411,714 411,714 413.603 Debt(￿5 & Pre4)aym&)ts Cash at bank and In h￿d 2,673 8￿13 2fv73 6,813 1,8S5 14,530 Trtal ¢uff•nt A￿ts li li CredIto￿ due wkhin (me 25.682 25.682 24.$40 (14,1971 (14,1971 (8,ISSI 3>7￿17 39?￿17 405,448 Cr•dt•rs: due In mtye th￿ &)e 47fi31 47fi31 65,151 FU14DSOFTME CHARITY General Funds RÈStrtted funds Designated Funds 346,962 346,962 337,482 2,925 2,925 2,815 TOTAL FUNDS 349 prrNed by the Trust￿ m th¢................... 9gned on th& byTrust............. . ............................. .... ALI OL IAHkoQ Print Name.. 12

NEW LIFE CHRISTIAN CENTRE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022

1. ACCOUNTING POLICIES

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.

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:

Incoming Resources with Related expenditure

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources 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 income receivable.

Volunteer Help

The value of any voluntary help received is not included in the accounts and is described in the Report of the Trustees.

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.

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.

This page does not form part of the statutory financial statements

13

NEW LIFE CHRISTIAN CENTRE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022

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 advise 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.

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.

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.

Fund Accounting

Funds held by the charity are either:

1. Unrestricted funds

These are funds which can be used in accordance with the charity's objectives, at the discretion of the trustees.

2. Restricted funds

These are funds that can only be used for particular restricted purposes within the objects of the charity.

3. Endowment funds

These funds are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Fixed Assets

Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.

Depreciation Expense

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.

Land & Buildings 0% General Equipment 10%

There has been no change to the accounting polices (Variation rules and methods of accounting) since last year.

This page does not form part of the statutory financial statements

14

NEW LIFE CHRISTIAN CENTRE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022

2. TANGIBLE FIXED ASSETS

Additions
At 31 March 2022
Net Book Value
At 31 March 2022
At 31 March 2021
At 31 March 2022
Accumulated Depreciation
At 1 April 2021
Charge for the Year
Cost
At 1 April 2021		 Property
Other Fixed
Asset
General
Equipment
Land &
Buildings
2021/22
£
£
£
£
£
-
-
83,938
402,637
486,575
-
-
-
-
-
-
-
83,938
402,637
486,575
-
-
72,971
-
72,971
-
-
1,889
-
1,889
-
-
74,860
-
74,860
-
-
9,078
402,637
411,714
-
-
10,967
402,637
413,604

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

31st March 2022 : None 31st March 2021 : None

This page does not form part of the statutory financial statements

15

NEW LIFE CHRISTIAN CENTRE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022

3. INCOMING RESOURCES

Note
c) Activities for Generating Funds
d) Charitable Activities
Charitable Missions
Evangelism & Outreach
Fellowship Income
Youth & Children
e) Other Incoming Resources
HMR&C Job Retention Scheme
Insurance Claims
Sundry Income
Car Parking Receipts
Hire of Church Rooms
Community Café
Visiting speaker income
Books & Publications
Youth & children donations
b) Investment Income
Interest Received
a) Donations & Legacies
Gifts & Donations
Gift Aid Tax Recovered
Pledges
Ministry Support
Christian Mission donations		 Unrestricted
Restricted
Designated
Total
Total
Funds
Funds
Funds
2021/22
2020/21
£
£
£
£
39,309
-
-
39,309
43,697
10,861
-
-
10,861
8,805
1,745
-
-
1,745
1,730
1,500
-
-
1,500
2,090
-
-
955
955
-
-
-
558
558
-
53,416
-
1,513
54,929
56,322
1
-
-
1
5
1
-
-
1
5
2,200
-
-
2,200
3,060
15,734
-
-
15,734
8,358
788
-
-
788
-
50
-
-
50
-
18,772
-
-
18,772
11,418
190
-
-
190
209
-
-
-
-
350
67
-
-
67
-
87
-
-
87
-
-
-
-
-
187
343
-
-
343
746
-
-
-
-
3,219
8,445
-
-
8,445
12,120
711
-
-
711
288
9,156
-
-
9,156
15,627

This page does not form part of the statutory financial statements

16

NEW LIFE CHRISTIAN CENTRE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2022

4. RESOURCES EXPENDED

Note
Utility Costs
Website & Broadband Costs
Youth & Children
Staff Costs
Sundry Expenses
Telephone Costs
Training Costs
Visiting Speakers
Governance costs:-
Insurance Costs
Printing, Postage & Stationery
Rent & Hires
Repairs & Maintenance
Depreciation Expense
Evangelism
Fellowship Expenses
Grants:Gifts & Donations
Grants-Missions (H & OS)
Car Allowance
Catering and Cleaning Costs
Charitable Missions
Community Café
Computer Equipment
Charitable Activities:-
Bank & Interest Charges
Bible Classes
Books , Leaflets, Info
Independent Examiner Fee
Legal & Professional fees		 Unrestricted
Restricted
Designated
Total
Total
Funds
Funds
Funds
2021/22
2020/21
£
£
£
£
-
-
-
-
6,857
-
-
-
-
49
503
-
-
503
588
946
-
-
946
987
758
-
-
758
447
-
-
-
-
1,157
845
-
-
845
-
427
-
-
427
1,054
1,889
-
-
1,889
1,981
427
-
-
427
42
69
-
-
69
-
1,588
-
-
1,588
1,348
-
-
970
970
-
2,216
-
-
2,216
1,517
744
-
-
744
912
1,114
-
-
1,114
1,114
5,796
-
-
5,796
4,428
39,421
-
-
39,421
46,629
-
-
-
-
-
-
-
-
-
-
1,967
-
-
1,967
434
958
-
-
958
923
43
-
-
43
-
5,311
-
-
5,311
3,409
250
-
-
250
200
-
-
-
-
89
-
-
-
-
68
30
-
-
30
1,080
1,200
-
-
1,200
1,240
72,640
-
970
73,610
76,553

This page does not form part of the statutory financial statements

17

NEW LIFE CHRISTIAN CENTRE

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022

5. RESTRICTED FUNDS

The Charity held no Restricted Funds during this or the previous financial period.

6. DESIGNATED FUNDS

CURRENT FINANCIAL YEAR

PREVIOUS FINANCIAL YEAR
Youth & Children
Christian Mission
Christian Mission
Youth & Children		 Balance
Unrealised
Balance
01-Apr-21
Income
Expenditure
Gain/Loss
Transfer
31-Mar-22
£
£
£
£
£
£
242
955
(970)
-
(50)
177
2,573
558
-
-
(383)
2,748
2,815
1,513
(970)
-
(433)
2,925
Balance
Unrealised
Revised
01-Apr-20
Income
Expenditure
Gain/Loss
Transfer
31-Mar-21
£
£
£
£
£
242
350
(1,157)
-
807
242
2,454
187
(68)
-
-
2,573
2,696
537
(1,225)
-
807
2,815

This page does not form part of the statutory financial statements

18

NEW LIFE CHRISTIAN CENTRE

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022

7. INVESTMENTS

The Charity held no investment assets during this or the previous financial period.

8. CASH AT BANK AND IN HAND

8. CASH AT BANK AND IN HAND 8. CASH AT BANK AND IN HAND
Unrestricted
Restricted		 Designated Total Total
Funds
Funds		 Funds 31-Mar-22 31-Mar-21
£ £ £ £
General Current Account 1,688 - 786 2,473 2,302
Holding Account 2,293 - 2,573 4,866 11,113
Missions Account 227 - (50) 177 242
Evangelism Account 596 - - 596 324
Kingdom Bank Savings Account 72 - - 72 72
Youth & Children Account 955 - (383) 572 397
Petty Cash 56 - - 56 81
5,887 - 2,925 8,813 14,530
9. DEBTORS AND PREPAYMENTS
Unrestricted
Restricted		 Designated Total Total
Funds
Funds		 Funds 31-Mar-22 31-Mar-21
£ £ £ £
Gift Aid Tax Recoverable - - - - 1,855
Sundry Debtors 2,673 - - 2,673 -
2,673 - - 2,673 1,855
10. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN ONE YEAR
Unrestricted
Restricted		 Designated Total Total
Funds
Funds		 Funds 31-Mar-22 31-Mar-21
£ £ £ £
Kingdom Bank Loan 23,400 - - 23,400 23,400
Sundry Creditors 1,172 - - 1,172 60
Independent Examiner's Fee 1,110 - - 1,110 1,080
25,682 - - 25,682 24,540

11. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE IN MORE THAN ONE YEAR

Kingdom Bank Loan Unrestricted
Restricted
Designated
Total
Total
Funds
Funds
Funds
31-Mar-22
31-Mar-21
£
£
£
£
47,631
-
-
47,631
65,151
47,631
-
-
47,631
65,151

This page does not form part of the statutory financial statements

19

NEW LIFE CHRISTIAN CENTRE

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022

12. STAFF COSTS AND NUMBERS

Gross Wages & Salaries
Employer's National Insurance Costs
Employer's Pension Contributions		 TOTAL
2021/22
£
30,671
2,778
5,972
39,421		 TOTAL
2020/21
£
37,280
3,377
5,972
46,629

Average number of employees who were engaged in each of the following activities:

Charitable Activities TOTAL
2021/22
1
1		 TOTAL
2020/21
1
1

The Charity operates a PAYE scheme to pay all employed members of staff and no employees received emoluments in excess of £60,000. (2020/21- None)

13. TRUSTEES AND OTHER RELATED PARTIES

During the financial period Trustees Mr G. Brown received £34804 (2020/21: £36,425) in salary related payments, £5972 (2020/21:£5,972) in Pension Contributions, £452 (2020/21: £290) in Telephone costs and £946 (2020/21 £987) in Car allowances in his capacity as Church Pastor of The New Life Christian Centre and in furthering the Charity's objects.

No 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. (2020/21- None)

14. RISK ASSESSMENT

The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

15. RESERVES POLICY

The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.

16. 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.

This page does not form part of the statutory financial statements

20