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




## **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The previous trust deed with Assemblies of God adopted 21 May 2006 has been superseded by a new constitution and trust deed which was adopted by special resolution of New Life Christian Centre on 12th November 2017.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** 

- 1)  Main bankers - Barclays Bank Plc, 2, Finkle Street, Workington, Cumbria, CA14 2AU. 

- 2)  Legal advisors – Geldards LLP, 4, Capital Quarter, Tyndall Street, Cardiff, CF10 4BZ. 

- 3)  Independent Examiners - Independent Examiners Ltd., Unit 2, The Broadbridge Business Centre, Delling  Lane, Bosham, PO18 8NF. 

- 4) Bankers for saving and mortgage accounts -  Kingdom Bank Ltd., Media House, Padge Road, Beeston, Nottingham, NG9 2RS. 

## **2   Structure, Governance and Management** 

## **The Model Deed for New Life Christian Centre** 

- The previous trust deed with Assemblies of God 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. 

## **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. 

- The Eldership comprises of two members of Church Council and one other member who look after the spiritual oversight and the ministry of the church.  These members are Pastor Gary D Brown, Mr D A Nice and Mr B Beecham. 

## **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: 

- Monthly bank reconciliation of all accounts. 

- The operation of an internal audit system to monitor gross income, expenditure, petty cash and gift aid donations on a monthly basis.  The audit system was set up using the guidelines and principles of the booklet “Internal Financial Control of Charities” (CC8) and this audit system is open to constant review and improvement by the Church Council. 

- The use of on-line banking facilities to monitor the cash flow of all bank accounts as real time on a regular basis, at least 4 to 5 times per week. 

- The use of income and expenditure predictor on a spreadsheet which assists both the weekly and monthly cash flow of the General account in advance. 

## **3  Objectives and Activities** 

## **The Objects of New Life Christian Centre** 

- The advancement of the Christian Religion by the proclamation and furtherance of the Gospel of God concerning His Son Jesus Christ the Lord and the preaching and teaching of the Word of God by the Church which is according to the Purpose Statement. 

- Such other charitable purposes as shall further the attainment of the above objects of the Church or any of them. 

- The furtherance of the other charitable work of the Church consistently with the Purpose Statement. 

## **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)** 

6. **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. 

7. **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. 

8. **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: 

- Lesson 1 Welcome to “Walking Together”, 

- Lesson 2 The Purpose of Journey: God’s Glory in Through the Church 

- Lesson 3 The Beginning of the Journey: The Gospel 

- Lesson 4 Embarking on the Journey: Our Response to the Gospel 

- Lesson 5 Continuing the Journey: Sanctification 

- Lesson 6 Understanding the Journey: The Importance of Sound Doctrine 

- Lesson 7 Strength for the Journey: Empowered by the Spirit 

- Lesson 8 Together on the Journey:  Relationships in the Church 

- Lesson 9 Participating in the Journey: Servanthood and Stewardship 

- Lesson 10 Care along the Journey: Pastoral Leadership 

- Lesson 11 Reaching others on the Journey: Evangelism and Mission 

## **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** 

- To continue to provide activities which are part of the charity’s objects and purpose statement 

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

- 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 resources. 

- 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. 

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. 

- 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 teaching to youth and children of the church was suspended during 2021/22. During mid-week there was the provision of a bible study as required, a church prayer group and activities to facilitate fellowship between church members. 

- The church web site continues to promote the objects and purpose statement of the church. Also the church Facebook, along with an additional WhatsApp group 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. 

- Continued to provide a church child protection policy for the youth and children’s works. 

- During 2021/22 the church provided financial and prayer support to 2 missionary couples who endeavoured to promote the Gospel of Jesus Christ in other nations throughout the world. 

- A drop in community café called the “The Net”, commenced in early Nov 2010 which was set up as a means of outreach of the Christian faith into the community.  The “Net” was operated during 2021/22 as COVID restrictions were lifted. 

- From June 2011 there was the commencement of a “Foodbank Centre” a satellite of “North Lakes Foodbank” which is a collection and distribution centre which volunteers provide food provisions for those in need from the local community. This “Foodbank Centre” was allowed to continue to operate under covid safe conditions as it was deemed an essential service during 2021/22. 

- During 2021/22 the income received was sufficient to cover all the support costs including the mortgage loan for the new community hall which was built in 2007. 

- As from 1st Oct 2013 New Life Church commenced Pastor Gary Brown as a full-time salaried position.  This fulfils the goal of New Life Church: “To be financially buoyant being able to fund a minister on a full-time salary and those activities that represents our core values effectively”. The income received during 2021/22 has continued to provide the necessary finance for this full-time salaried position. 

## **5  Financial Review** 

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

- Grants payable in furtherance of charitable objects 

- Activities in furtherance of the charitable objects 

- Support costs 

- Resources expended on managing and administering the charity 

## **Church’s Policy on the Distribution of Income:** 

The church funds are distributed as follows: 

- **An Evangelism Fund** - to support the main goal of New Life Christian Centre - To give everyone in Whitehaven and surrounding areas the opportunity to hear and respond to the gospel of Jesus Christ. 

- **A Missions Fund** - to regularly support specific missionaries and itinerant missionaries who proclaim the gospel of Jesus Christ to other nations and people groups in the world. 

- **A Youth and Children Fund** - to support the ministry to reach youth and children with the gospel of Jesus Christ. 

- **A Minister Support Fund** – to raise support for a full-time minister’s salary in order that the minister can be released to lead the ministry of proclaiming the gospel of Jesus Christ to all ages. 

- **A General Fund** - to cover the support the charity’s main activities including servicing a mortgage loan. 

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:** 

- To grow in faith and numbers as God permits. 

- To remain faithful to preaching the whole counsel of God as defined in the gospel of Jesus Christ. 

- To maintain an evangelical witness to our town and district. 

- To operate efficiently and wisely, stewarding the resources that have been given to us by God. 

- To equip our people to fulfil their function in the local church. 

- To provide a safe and secure environment to bring up the children of the fellowship. 

8 



NEW LIFE CHRISTIAN CENTRE
TRusfEES REPORT (Continued)
FOR THE YEAR ENDED 31ST MARCH 2022
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## **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: 

- 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. 

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

- 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 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 

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## **NEW LIFE CHRISTIAN CENTRE** 

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

## **2. TANGIBLE FIXED ASSETS** 

|Additions<br>At 31 March 2022<br>**Net Book Value**<br>At 31 March 2022<br>At 31 March 2021<br>At 31 March 2022<br>**Accumulated Depreciation**<br>At 1 April 2021<br>Charge for the Year<br>**Cost**<br>At 1 April 2021|Property<br>Other Fixed<br>Asset<br>General<br>Equipment<br>Land &<br>Buildings<br>**2021/22**<br>£<br>£<br>£<br>£<br>£<br>-<br>-<br>83,938<br>402,637<br>486,575<br>-<br>-<br>-<br>-<br>-|
|---|---|
||-<br>-<br>83,938<br>402,637<br>486,575|
||-<br>-<br>72,971<br>-<br>72,971<br>-<br>-<br>1,889<br>-<br>1,889|
||-<br>-<br>74,860<br>-<br>74,860|
|||
||-<br>-<br>9,078<br>402,637<br>411,714|
||-<br>-<br>10,967<br>402,637<br>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<br>**c) Activities for Generating Funds**<br>**d) Charitable Activities**<br>Charitable Missions<br>Evangelism & Outreach<br>Fellowship Income<br>Youth & Children<br>**e) Other Incoming Resources**<br>HMR&C Job Retention Scheme<br>Insurance Claims<br>Sundry Income<br>Car Parking Receipts<br>Hire of Church Rooms<br>Community Café<br>Visiting speaker income<br>Books & Publications<br>Youth & children donations<br>**b) Investment Income**<br>Interest Received<br>**a) Donations & Legacies**<br>Gifts & Donations<br>Gift Aid Tax Recovered<br>Pledges<br>Ministry Support<br>Christian Mission donations|Unrestricted<br>Restricted<br>Designated<br>**Total**<br>**Total**<br>Funds<br>Funds<br>Funds<br>**2021/22**<br>**2020/21**<br>£<br>£<br>**£**<br>**£**<br>39,309<br>-<br>-<br>39,309<br>43,697<br>10,861<br>-<br>-<br>10,861<br>8,805<br>1,745<br>-<br>-<br>1,745<br>1,730<br>1,500<br>-<br>-<br>1,500<br>2,090<br>-<br>-<br>955<br>955<br>-<br>-<br>-<br>558<br>558<br>-|
|---|---|
||**53,416**<br>**-**<br>**1,513**<br>**54,929**<br>**56,322**|
||1<br>-<br>-<br>1<br>5|
||**1**<br>**-**<br>**-**<br>**1**<br>**5**|
||2,200<br>-<br>-<br>2,200<br>3,060<br>15,734<br>-<br>-<br>15,734<br>8,358<br>788<br>-<br>-<br>788<br>-<br>50<br>-<br>-<br>50<br>-|
||**18,772**<br>**-**<br>**-**<br>**18,772**<br>**11,418**|
||190<br>-<br>-<br>190<br>209<br>-<br>-<br>-<br>-<br>350<br>67<br>-<br>-<br>67<br>-<br>87<br>-<br>-<br>87<br>-<br>-<br>-<br>-<br>-<br>187|
||**343**<br>**-**<br>**-**<br>**343**<br>**746**|
||-<br>-<br>-<br>-<br>3,219<br>8,445<br>-<br>-<br>8,445<br>12,120<br>711<br>-<br>-<br>711<br>288|
||**9,156**<br>**-**<br>**-**<br>**9,156**<br>**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<br>Utility Costs<br>Website & Broadband Costs<br>Youth & Children<br>Staff Costs<br>Sundry Expenses<br>Telephone Costs<br>Training Costs<br>Visiting Speakers<br>**Governance costs:-**<br>Insurance Costs<br>Printing, Postage & Stationery<br>Rent & Hires<br>Repairs & Maintenance<br>Depreciation Expense<br>Evangelism<br>Fellowship Expenses<br>Grants:Gifts & Donations<br>Grants-Missions (H & OS)<br>Car Allowance<br>Catering and Cleaning Costs<br>Charitable Missions<br>Community Café<br>Computer Equipment<br>**Charitable Activities:-**<br>Bank & Interest Charges<br>Bible Classes<br>Books , Leaflets, Info<br>Independent Examiner Fee<br>Legal & Professional fees|Unrestricted<br>Restricted<br>Designated<br>**Total**<br>**Total**<br>Funds<br>Funds<br>Funds<br>**2021/22**<br>**2020/21**<br>£<br>£<br>**£**<br>**£**<br>-<br>-<br>-<br>-<br>6,857<br>-<br>-<br>-<br>-<br>49<br>503<br>-<br>-<br>503<br>588<br>946<br>-<br>-<br>946<br>987<br>758<br>-<br>-<br>758<br>447<br>-<br>-<br>-<br>-<br>1,157<br>845<br>-<br>-<br>845<br>-<br>427<br>-<br>-<br>427<br>1,054<br>1,889<br>-<br>-<br>1,889<br>1,981<br>427<br>-<br>-<br>427<br>42<br>69<br>-<br>-<br>69<br>-<br>1,588<br>-<br>-<br>1,588<br>1,348<br>-<br>-<br>970<br>970<br>-<br>2,216<br>-<br>-<br>2,216<br>1,517<br>744<br>-<br>-<br>744<br>912<br>1,114<br>-<br>-<br>1,114<br>1,114<br>5,796<br>-<br>-<br>5,796<br>4,428<br>39,421<br>-<br>-<br>39,421<br>46,629<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>1,967<br>-<br>-<br>1,967<br>434<br>958<br>-<br>-<br>958<br>923<br>43<br>-<br>-<br>43<br>-<br>5,311<br>-<br>-<br>5,311<br>3,409<br>250<br>-<br>-<br>250<br>200<br>-<br>-<br>-<br>-<br>89<br>-<br>-<br>-<br>-<br>68<br>30<br>-<br>-<br>30<br>1,080<br>1,200<br>-<br>-<br>1,200<br>1,240|
|---|---|
||**72,640**<br>**-**<br>**970**<br>**73,610**<br>**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**<br>Youth & Children<br>Christian Mission<br>Christian Mission<br>Youth & Children|**Balance**<br>Unrealised<br>**Balance**<br>**01-Apr-21**<br>Income<br>Expenditure<br>Gain/Loss<br>Transfer<br>**31-Mar-22**<br>£<br>£<br>£<br>£<br>£<br>£<br>242<br>955<br>(970)<br>-<br>(50)<br>177<br>2,573<br>558<br>-<br>-<br>(383)<br>2,748|
|---|---|
||**2,815**<br>**1,513**<br>**(970)**<br>**-**<br>**(433)**<br>**2,925**|
||**Balance**<br>Unrealised<br>Revised<br>**01-Apr-20**<br>Income<br>Expenditure<br>Gain/Loss<br>Transfer<br>**31-Mar-21**<br>£<br>£<br>£<br>£<br>£<br>242<br>350<br>(1,157)<br>-<br>807<br>242<br>2,454<br>187<br>(68)<br>-<br>-<br>2,573|
||**2,696**<br>**537**<br>**(1,225)**<br>**-**<br>**807**<br>**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<br>Restricted|||Designated||**Total**|**Total**|
|Funds<br>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<br>Restricted|||Designated||**Total**|**Total**|
|Funds<br>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<br>Restricted|||Designated||**Total**|**Total**|
|Funds<br>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<br>Restricted<br>Designated<br>**Total**<br>**Total**<br>Funds<br>Funds<br>Funds<br>**31-Mar-22**<br>**31-Mar-21**<br>£<br>£<br>**£**<br>**£**<br>47,631<br>-<br>-<br>47,631<br>65,151|
|---|---|
||**47,631**<br>**-**<br>**-**<br>**47,631**<br>**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<br>Employer's National Insurance Costs<br>Employer's Pension Contributions|**TOTAL**<br>**2021/22**<br>**£**<br>30,671<br>2,778<br>5,972<br>**39,421**|**TOTAL**<br>**2020/21**<br>**£**<br>37,280<br>3,377 <br>5,972|
|---|---|---|
|||**46,629**|



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

|Charitable Activities|**TOTAL**<br>**2021/22**<br>1<br>**1**|**TOTAL**<br>**2020/21**<br>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