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2023-03-31-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

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 2023

----- 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 NEW LIFE CHURCH START OF FINANCIAL YEAR 01 April 2022 END OF FINANCIAL YEAR 31 March 2023 TRUSTEES AT 31 MARCH 2023 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GOVERNING INSTRUMENT The previous trust deed with Assemblies of God adopted 21 May 2006 has been superseded by a new constitution and trust deed which was adopted by special resolution of New Life Christian Centre on 12th November 2017.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 2023

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

Registration Date 27[th] February 1996 ( Standard registration )

Start of Financial Year 1[st] April 2022

End of Financial Year 31[st] March 2023

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

E-mail Address nlcwhitehaven@gmail.com

Names of Management Trustees at 31st March 2023

Pastor Gary D Brown (chairman), Mr D A Nice, Mrs A Taylor, and Mrs S Bartlett

Holding Trustees at 31st March 2023

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

Advisors

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

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

Independent Examiner – Donna Leppitt of Independent Examiners Ltd., Unit 2, The Broadbridge Business Centre, Delling Lane, Bosham, PO18 8NF.

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 12[th] November 2017. This document has been accepted and filed at the Charity Commission on 15[th] 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 of New Life Church comprises of two members of Church Council and one other member who look after the spiritual oversight and the ministry of the church, which are Pastor Gary D Brown, Mr D A Nice and Mr B Beecham.

4

NEW LIFE CHRISTIAN CENTRE

TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2023

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 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

NEW LIFE CHRISTIAN CENTRE

TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2023

  1. 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.

  2. 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.

  3. 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.

  4. 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 ~58% of the total income received during the year 2022/23. The remaining income is made up of ~11% Gift Aid and ~31% of other income resources for the same financial year.

4 Achievements and Performance

Main Objective’s for the Year 2022/23

Strategies to Achieve Objective’s for the Year 2022/23

Reporting Public Benefit

This annual trustees’ report focuses on the main activities undertaken by New Life Church that furthers its charitable purposes for the public benefit. In the “Main Activities and Achievements” section the activities during 2022/23, the trustees have given due regard to the guidance on public benefit. This applies cially to the activities that relate to the advancement of Christian religion and the provision of food especially to those in need which is provided through the “Foodbank” at New Life Church.

6

NEW LIFE CHRISTIAN CENTRE

TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2023

Review of Main Activities and Achievements for 2022/23

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 2023. 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 2023

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

TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2023

Responsibilities of Trustees

Charity law requires the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and resources expended for the period. In preparing those financial statements, the Board of Trustees should follow best practice and are required to;

The Board of Trustees is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities and to provide reasonable assurance that:-

The systems of internal control are designed to provide reasonable but not absolute assurance against material misstatement or loss.

Approved by the Trustees on ..... 2.9.: .. .1..>AA ...... Signed on their behalf by Trustee--�-[� ] Printed Name: C. A,,,Q_ '-i. �Q�

�9-- -- �4 Approved by the Trustees on ................................. ---· Signed on their behalf by Trustee a .... . . � J. . �· ..J .. .

Printed Name:

9

NEW LIFE CHRISTIAN CENTRE

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2023

Report to the trustees/ members of New Life Christian Centre on the accounts for the year ended 31st March 2023.

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: 29th January 2024

10

NEW LIFE CHRISTIAN CENTRE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023

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
4
NET INCOMING/(OUTGOING) RESOURCES
TOTAL FUNDS BROUGHT FORWARD
TOTAL FUNDS CARRIED FORWARD
NET MOVEMENT IN FUNDS
TOTAL RESOURCES EXPENDED
TRANSFERS BETWEEN FUNDS
RESOURCES EXPENDED		 Unrestricted
Restricted
Designated
Total
Total
Funds
Funds
Funds
2022/23
2021/22
£
£
£
£
57,717
-
1,220
58,937
54,929
66
-
-
66
1
25,065
-
-
25,065
18,772
3,090
-
-
3,090
343
579
-
-
579
9,156
86,517
-
1,220
87,737
83,200
85,063
-
995
86,058
73,611
85,063
-
995
86,058
73,611
1,454
-
225
1,679
9,589
450
-
(450)
-
-
1,904
-
(225)
1,679
9,589
346,571
-
2,925
349,496
340,298
348,474
-
2,700
351,175
349,887

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 C>IRISnAN CEpifRE BAiANCE SHEEr AS AT 31 MARCH 2023 T•t•l Fund Jnds 409W* I￿￿¢M￿t Assrts 409W6 411.714 714 4J26 21578 4￿26 21J78 2fv73 18h87 18h87 25.1182 7A17 {14,197) 417W3 417W J97W7 66J28 66J28 47.6Jl PLwf6oF THE CHAklTY Gwernl Fur￿5 ll•rtYt￿ funds Deslgn&al Funds 348A74 348h74 346,962 2.7( 2.7 2.925 TOT•L PIMDS J5

prtr•d by IheTrustee5 ￿ thL........... .. ..... ..... on th b•hal by Trust*............... . ..... ... Akic IAYkoC CE 12

NEW LIFE CHRISTIAN CENTRE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2023

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.

Recognition of Incoming Resources

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

· the charity becomes entitled to the resources;

· 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 2023

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.

Pensions

Pension contributions are charged to the Statement of Financial Activities as they become payable.

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 over their estimated useful lives. The rates applied are as follows:

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 2023

2. TANGIBLE FIXED ASSETS

Additions
Cost
At 1 April 2022
Disposals Gain/ (Loss)
Realised Gain/ (Loss)
At 31 March 2023
Net Book Value
At 31 March 2023
At 31 March 2022
Revaluation Gain/(Loss)
At 31 March 2023
Accumulated Depreciation
At 1 April 2022
Charge for the Year		 General
Equipment
Land &
Buildings
2022/23
£
£
£
83,938
402,637
486,575
-
-
-
-
-
-
-
-
-
-
-
-
83,938
402,637
486,575
74,860
-
74,860
1,828
-
1,828
76,689
-
76,689
7,249
402,637
409,886
9,078
402,637
411,714

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

31st March 2023 : None 31st March 2022 : 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 2023

3. INCOMING RESOURCES

Note
c) Activities for Generating Funds
d) Income from church activities
a) Donations & Legacies
Gifts & Donations
Gift Aid Tax Recovered
Pledges
Ministry Support
Christian Mission donations
Car Parking Receipts
Hire of Church Rooms
Community Café
Visiting speaker income
Books & Publications
Youth & children donations
b) Investment Income
Interest Received
Evangelism & Outreach
Fellowship Income
Training & Development income
e) Other Incoming Resources
HMR&C Job Retention Scheme
Insurance Claims
Sundry Income
Repairs & Maintenance
Cater/Clean		 Unrestricted
Restricted
Designated
Total
Total
Funds
Funds
Funds
2022/23
2021/22
£
£
£
£
43,472
-
-
43,472
39,309
11,125
-
-
11,125
10,861
1,720
-
-
1,720
1,745
1,400
-
-
1,400
1,500
-
-
1,080
1,080
955
-
-
140
140
558
57,717
-
1,220
58,937
54,929
66
-
-
66
1
66
-
-
66
1
2,749
-
-
2,749
2,200
20,729
-
-
20,729
15,734
1,588
-
-
1,588
788
-
-
-
-
50
25,065
-
-
25,065
18,772
109
-
-
109
190
-
-
-
-
67
742
-
-
742
87
105
-
-
105
-
2,023
-
-
2,023
-
111
-
-
111
-
3,090
-
-
3,090
343
-
-
-
-
8,445
-
-
-
-
711
579
-
-
579
-
579
-
-
579
9,156

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 2023

4. RESOURCES EXPENDED

4. RESOURCES EXPENDED
Note
Independent Examiner's Fees
Legal & Professional fees
Car Allowance
Catering and Cleaning Costs
Community Café
Computer Equipment
Charitable Activities:-
Bank & Interest Charges
Books , Leaflets, Info
Insurance Costs
Printing, Postage & Stationery
Rent & Hires
Repairs & Maintenance
Depreciation Expense
Evangelism
Fellowship Expenses
Grants:Gifts & Donations
Grants-Missions (H & OS)
Utility Costs
Staff Costs
Sundry Expenses
Telephone Costs
Training Costs
Visiting Speakers
Governance costs:-		 Unrestricted
Restricted
Designated
Total
Total
Funds
Funds
Funds
2022/23
2021/22
£
£
£
£
4,485
-
-
4,485
6,140
415
-
-
415
503
1,593
-
-
1,593
946
873
-
-
873
758
1,691
-
-
1,691
845
269
-
-
269
427
1,828
-
-
1,828
1,889
216
-
-
216
427
805
-
-
805
69
1,764
-
-
1,764
1,588
50
-
995
1,045
970
2,567
-
-
2,567
2,216
1,486
-
-
1,486
744
835
-
-
835
1,114
9,372
-
-
9,372
5,796
27,628
-
-
27,628
27,369
1,064
-
-
1,064
1,967
997
-
-
997
958
-
-
-
-
43
10,594
-
-
10,594
5,311
300
-
-
300
250
1,187
-
-
1,187
30
3,213
-
-
3,213
1,200
85,063
-
995
86,058
73,611

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 2023

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
Total General Funds
Total Designated Funds
General Funds
General Funds
Total General Funds
Total Designated Funds		 Balance
Unrealised
Balance
01-Apr-22
Income
Expenditure
Gain/Loss
Transfer
31-Mar-23
£
£
£
£
£
£
177
1,080
(995)
-
-
262
2,748
140
-
-
(450)
2,438
2,925
1,220
(995)
-
(450)
2,700
346,962
86,517
(85,063)
-
450
348,865
349,887
88,957
(87,053)
-
(450)
351,340
Balance
Unrealised
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
337,483
81,686
(72,641)
-
433
346,962
340,298
83,200
(73,611)
-
-
349,887

18

NEW LIFE CHRISTIAN CENTRE

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023

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
Unrestricted Restricted Designated Total Total
Funds Funds Funds 31-Mar-23 31-Mar-22
£ £ £ £
General Current Account 1,835 - - 1,835 2,473
Holding Account 18,832 - - 18,832 4,866
Missions Account - - 262 262 177
Evangelism Account 245 - - 245 596
Kingdom Bank Savings Account 72 - - 72 72
Youth & Children Account (2,176) - 2,438 262 572
Petty Cash 71 - - 71 56
18,878 - 2,700 21,578 8,813
9. DEBTORS AND PREPAYMENTS
Unrestricted Restricted Designated Total Total
Funds Funds Funds 31-Mar-23 31-Mar-22
£ £ £ £
Accrued debtors 4,526 - - 4,526 2,673
4,526 - - 4,526 2,673
10. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN ONE YEAR
Unrestricted Restricted Designated Total Total
Funds Funds Funds 31-Mar-23 31-Mar-22
£ £ £ £
Kingdom Bank Loan 17,094 - - 17,094 23,400
Sundry Creditors 206 - - 206 1,172
Independent Examiner's Fee 1,187 - - 1,187 1,110
18,487 - - 18,487 25,682
11. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
Unrestricted Restricted Designated Total Total
Funds Funds Funds 31-Mar-23 31-Mar-22
£ £ £ £
Kingdom Bank Loan 66,328 - - 66,328 47,631
66,328 - - 66,328 47,631

This page does not form part of the statutory financial statements

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NEW LIFE CHRISTIAN CENTRE

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023

12. STAFF COSTS AND NUMBERS

Gross Wages & Salaries
Employer's National Insurance Costs
Pension Contributions		 TOTAL
2022/23
£
34,818
3,756
5,972
44,545		 TOTAL
2021/22
£
30,671
2,778
5,972
39,421

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

Charitable Activities TOTAL
2022/23
1
1		 TOTAL
2021/22
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.

(2021/22- None)

13. TRUSTEES AND OTHER RELATED PARTIES

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.

(2021/22- 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

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