Charlt!. number: 1054376 New Life Family Church Trustees, report and financial statements for the year ended 31 December 2011
New Life Family Church Contents Pa%e txgal adminis¢ratiN'e inform&ion Trnytee5 report Independent examiners report SEaEement of finanLial aLli%'ities Balancc sl No*s to the financial %latem¢nis 9-16
New Life Family Church Legal and administrative Anforn)ation Charity number 1054376 Registered orriL 8 Church Street Marsaie Kcni cr9 1ST Trnslees H. N,. RlOrff P. N. L. Dart J. D. Thomson T. Todd R. Roesiorff G. R. Young (Apwinied on 0111212023) Accountants Eric & Co Chdrtered Certified AccoUntAL & Regisiered AudiiDrs 87 Tylecroft Road London SW164BJ Bgnkers HSBC PIC 244 Northdowi Road Margate Keni. CTI I OQL Sollcitors Geldards LLP 4 CapilaE Quarter Ti'ndall Streci Cardiff CF104BZ PgJV• I
New Life Family Church Report of the trustees for the vear ended 31 December 2011 The trustees preseni their TEWJrt and the financial stsieffnLS for the vear ended 31 December 2023. The wusiees who served during the yeiw and up to Ihe dale uf ihi% rew)rt are oui on pagc l. Structure? governanee and management Tbe goi'erning Trust deed was adopied on 20 March 1994 by the TnJsl and 25 amended on 25 Februry 2018. The TSlee5 wcre appointed by ltgreemenl uf ¥ quonun o( ¢urreni Truslees. The TLSe5 meei al Icas16 in Lhe year. The day to day operaiion of ihe ChMriEy is controlled and managed by the Tslee5 and overseen by the Prim8ry i£ader%hip Tean). In praeiice. decisio4 of the Primar). Jxader%hip Team were p&4%ed domii to the TN4iees for impleffniation, sLif1L]IY in Lhe are or finanLia] manilg¢17nl and LomplianLe w'ith law5 atHJ regulalii)N%. Risk .Management The Tru8t¢¢s have &s%essed the major risLs to which the charitv is expo%ed. Pthicularlj. those rclaied io thc op¢rdtion% dnd rinances of ihe ChaTity and are satisfied systell and controls art in plAce io miiigaie thcir exposure io the major risks. Objectlves And activities The main objcctivc of the Fellow4hip is the proclamation and fuTtherance of the Go%pel of God concerning His Son, Je4u Christ. Ihe Lord. Ihrou8h preaching and lehing ihe Word of God. The mi4sion of the Fellowship is io e%tabli%h and to exnd the Kingdom of God tn Thanet. England and (he world. Activities io promoie the objectives includ¢ missionary support. Communiiy Outreach programs and youth work. Wh¢n planiiii?g (Trur aciii'iiies for ihe year. tnisiees considered the Commission'5 guidan¢¢ publiL b¢n¢fii and in Pdrticular, Ihe %LIfC guidanLe on ¥h4rities for ihe advdncement of reli8i0D. AchieTrements and perforniance Sunday Gaiherings During thi% year we have seen incre&s¢ in ortenddnce num[. We were overjoyed to b#ptise 5 people in tkL"ember. The building is being fillcd up ai a sw'ifi pace future consideraiions will need io k made io acLI)mmotste the ever-increasing numbeT5. During 202.3 the Chureh saw an avern8e weekly attendance of 20?.1- 20.1 (2022 - 1491. In 2023 we responded io the Increas number of families with children aLnding the Lhurch and were able io resinjctvre 4Th1 Lredtr d new role for an existing %uff nymber Ntho was covering matrrniiy kave io coniinue on payroll dedicating l O hour5 per week io leading OUT Sunda), SC1Kl. P&%loral Care 'Y()ung at Heall, aims 10 reduce loniliness & self-isolaiion by Lreating a space where new friendships Lan be built and exi%iing one% strengthened. The church emplo)'N Iwn IFfF.i employee4 in a PiLsiordl rt)le. pmi'iding 4PirilUdl aTKi rnenl well-being by befriending aThJ extending G.5 love to those who would ordinarily otheTh'i%e be isolaied. Pas[or carc 15 'ide comprehensive in lis application. ranging from personal & tnarita] counselling. bereavemeni suppon. praciical a%4isranLe & guidance. family 104rering healthy communit). reldtiot)%hip% & in(e8rdiing individu41% liunilie4 inro churLh life & fellowship. Communil). OutreaLh and participaiion We Lolliinue to be a safe space for new individuals and families coming inio the area and aim 10 nt their physi¥al. emutiondl. mentdl & spiritual needs. We run d kn'nisugi Wellbeing Group twice this ye4W where prdciicdl tool% 8iveD to dllendee4 1() nÉl%'igTa(e menial hcJlih challengcN. A Bible COUPie w&s launLtr*d in 2 t(1 help pe(Iple s spiritual gri)wth a1 be M 8ood wiiness for Jesus in our ¢ommurJiiJ'. A parcnt & i(xldler gruup ICI)ftee Cup) Laier% for Pdrcni% dnd child n within i)ur LX)Tnmuniiy edLh Friday during lerni lime. ew Life coniinues io findncially SUPFKJrt local orgaDi%ation5 (Acts & Thdnei Fijod Linki iu mdk"e dn impdct ID our community and schools as M'ell as InrnatiOnal minisir¥ partner5 w'ho share the vision atml mission of the church.
New Life Family Church Rert of the trnstees for the year ended 31 December 2011 Breakout a1 Youth outreach coniinues 10 influence children aged 3 to 18 through regular mtd_week gathcrings. events. and .Sunday sen'ices. This initiative a150 facilithies conttctions with our eonwgation between nonrychurch attending caregivers and parents. Connect Group.4 PartiLipalion in small groups cuntinues strong with six regular connect group5 meeiing "¢¢kIY/bl-WeekjY during 2023. Connect Groups are small in 5iz¢. usually up ro l S people. and provide a comfondble & Safe environmeni io ask questions. engage in life's suesses and challcngc5. dc%'elop spirilually, and pray for one another and our community. Thc5e small groups enftble the church io do life iogeiher by sharing in each other's burden5. joys. and i¢ars. Mi.55ions Charitable spending in the area of missions and outreach decrta5ed during the )'ear 20?.3 - £11.781 (202? _ £1.3.978J as ihe church has conlinued io adopi conirol and aceouniabiliii, me&%wes io en%ure Thai funds are Ing given inteniiunall) and bear truii in line M'ith the Chariiy's objeLlii'e and mi5SiOt]. Mission partners arc regularl), revicw'ed lai l¢asi ei'ery six months) and regular contacl is made and ensured with each partner. In ?023. the church contributed To and %upported ov¢r4e& mis%ions dcdicatcd 10 spreading the Gospel of Jesus Chrisi. The church suprK)ned or¥anisations and indii'iduals in countrie such Germany. the 1kmocriC Republic of Congo. ugan IrKli& Asi& South Africa. and the Uniied Kingdvm. Thc churuh's goal 1% io be 5elf-su51aining 'ithOu1 relying on eXrnal fundin8. with the church fully funded through the generous 8Tfts" and donations of ils members. Financial reTriew As at 31 DeceMr 20?3 the chariiy holds maleria] inv¢siments in a building. which is US for the matn Chariiable purpose dnd 4lLtivilie% of the church. 8 Church SireeL Mar8ai¢. KenL cr9 1 ST. The l)uildin8 is a prel'iously ommed School and M'as acquired by the Lharity in 23. The Lhuriiy dlso UV¥TA% inve%tmenl pr()nY 99 Colleg¥ Rodd. Keni. CT9 4AA. previouly used d% d nwnsc. Durin¥ 2023. following the shuntdll of operniing Ldsh experienced during 2022 and the protrLiive rt&sures tsken by the Irusl¢es and Icadership. thc financcs of th¢ church havc improl'cd. Thc general goa] of the year io build our reserves and io recommence mceting oui uplated reserves tK>liLy been r1. C4Lth re4¢r%'es overall liquid funds di the end of yedr 2023 'ere £62.398 1?022 L13.4261. A budget wa5 operaled month on nK)nth and 'aS monilored at each pcriodic mceiing of th¢ Uu5¢$ to ensure thal costs and rtcome rcmainLd ¥N'iihin planned paran[r5 allowin¥ thc Lh1). iu cTrperaiL in a Sus1n#b1e la%hiun. Anuin&lies ur Vdrianic5 were identifi¢d, addrcs5ed dnd approprixte [endial action tdken. Totlll receipis from incorning retyources increased from £167.084 in 2022 10 £? IY.104 lan increa* of 21 <5). The annual budgei continues be met and remain5 appropriate with ihe goal of achievin8 the purpose of the ¢hariiable aclivitie5. airns dnd i)hjective5. The trustecs have noi Édenlified any material uncertainties relawl w evenis or condiiions Ihat may cast significant doubt alK)ui Ihe chariiy'4 iihiliiy io cr>niinue as a gning coKern and ihe going corttrn h#LSi5 ffmain4 appmpriaie.
New Life Family Church Report of the trustees for the year ended 31 December 2023 Reserve pollcy 'ew Life Fdmilv Church's Reseryes Policy is to hold a minimum of six months of average expenditure in Teserve funds. Thi.% policy is e4iahlished t(y ensure Ihat the church cun su%lain it% operations in the evenl of any unforeseen circumstances. swh as an economic dowmtum or an unexpecied expense. The reserves will be held in a separate account and invesied in a I0-r1$k insirumenl lo ensure the safety and liquidily of ihe funds. The church will review the selveS regularly and adjusi the balan¢¢ as necessary io ensure thai li mee15 the policy's requirement%. This tKylicv requirenKnl was11 reviewed on 6th FebruaT)' 2024. Any dei'ialion from this policy musi be approved by the Board of Trustees, and the reasons for ihe devialion will be dikurnenied in writing. The Reserves Policy will be tt%"iewed annually by the Board of Trustees lo ensure li remains appropriaie and relevani io the church s need%. By Lsrablishing Ihis Reserves Policy. le. Life Family Church aims to ensure the continued financial stability and inthility Df the church Jnd IL% 0ratIons. As ai Ihe .3 I si December 2023 reserves were held in a general fu1 to coi'er three rnonths ai'erage expenditure. bui the wget io hold reserve fund4 for Six monihs 1.4 likely tc) be by the end (if financial year 3141 tkc¢niher 2025. Plans for future periods The pliin4 for future peric)ds ar¢ to rontinve further aaivilies io help meei the charity's key objectives whi151 seeking to 4upporT ihe l¢ader%hip of ihe Church. li will continue io do thi% b). en%uring thaE sufficient financial re.qources are available for fuiure growth. dctiviiies a5 the primarily leadership and s¢¢m fil. Statement of trustees, responsibilities The trusiees are responsible for preparing the Trustees Annual Report aod the fin1cIal 5Èatements in dLiordance wilh pplicable law and Unlied Kingdom Accounting Sianddrd4 Iunitrd KingdotD Generally Accepied Accounling Practice). IAW. applicable to charities in England atml Wale5 requires the misic£s w prepare financial statemenis for each finanLial year which give a true and fair view of charit)" and of the iKoming resources and applicaiion of r¢soLtrcu of the chority for that year. In pr¢parin8 these fin1 staiemeDts th¢ INstees are required . .4Lleci suiiable accounting policie% and then upply tM CO1[enY. observe ihe meihods and principles in the Charitie% SORP.. make judgements and esiimaies thai reasonable 8nd prndeni: slaie whcthcr appliLable UK Accounung Siandards hai'c been followtd. subjeci to any Merial depanur¢s discloscd and expluined in the tinarKial stan*nLs: and prepare th¢ finanei&l Siatements on the going concern b&sis unless it is inapFff0prie io presume thai the charity will coniinue in 0ratIon. pp a
Nei Life Family Church Report of the trustees for the year ended 31 December 2023 The lste¢S are resp()n5ible for keeping proper accouniing records 1¢h disclose reasonable accuracv ai any lime the rindllcidl PO%iiion of ihe charity and endhle them lo en.sure thai ihe financial taMeI% cnmpl). H'iih Ihe Chariiie% ALI 2QI I and ihc Chariii. (Accounis and Reports) Regulations ?(M)8. Th¢y arc also rcspvn%iblc for safcguarding the a55cls of th¢ charity and hence for ukin8 reasonable sieps for the prei'eniion and dettIon uf fraud and other irregulariiies. On belmlf of the tK¥drd G. TL I'o Trustee Iq.-..o6f..-20 8(t Date: . PAO• 4
New Life Family Church
Independent examiner's report to the trustees on the unaudited financial statements of New Life Family Church.
I report on the accounts of New Life Family Church for the year ended 31 December 2023 set out on pages 2 to 16.
Respective responsibilities of trustees and independent examiner
As the charity's trustees you are responsible for the preparation of the accounts, you consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to examine the accounts under section 145 of the 2011 Act, to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 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 the 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 you as 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:
-
(i) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep proper accounting records in accordance with section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act
have not been met; or
- (ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
MAL
Eric Ashong (FCCA)
on behalf of Eric & Co
Independent examiner
Chartered Certified Accountants & Registered Auditors 87 Tylecroft Road London SW16 4BJ
Date: 29 October 2024
Page 6
New Life Family Church Statement of financial activities For the year ended 31 December 2023 UrrIe(ed RerICted Endow1 fund funds" 2023 Tot 2022 Totsl Noles Incomlng resources Incoming resources from generaling funds- Volunido income Aciivitie% for generdtins fvnd Investment income Other incoming resources 197.590 197.590 150.222 8,?55 8.310 297 6,203 1.91J5 6,?03 1,983 Total Incomlng resources 219.1(4 219.11 167.084 Rewurces expended Charitablc actii'ities Governance costs 145.441 2,45? 12.775 158.?16 2.452 187.482 2.292 10 Total resources expended 147.89.1 12,775 160.668 189.774 Net IncomlnvJ(outgolngl resources before other reeognised galns and lo&ses 71.21 112,775) .5¥,436 (22.690) Other recognised gains and losses Gainsl{Losscsl on iniesim¢ni asS¢i4 250.1151 13.851) ?47,iK (4) Nel movement In funds 322.(KJ? (12.775) {3.851) .305.436 122.6941 Totul fund5 broughi forwdrd 56.133 513,37? 3.851 573,156 596.050 Total funds carried forward 378.195 5(X).597 878.792 573.356 The no¢es on pages 9 to 16 forni an Integrnl part of these flnan¢lal ststen*nt&
New Life Family Church Balance sheet as at 31 December 2023 2023 2022 l%oles Flxed awts Tanqible asseis Ini'esimeni property 14 15 5(H.686 .115.(MK) 557.553 819.686 557.553 Lurrenl assets DebtLir Ini'e4tmenis Ci%h &1 bonk and in hand 16 17 3.089 2,775 3.851 13.426 62J98 65.487 20.052 Creditors: amounts falling due M'llhln one Trear 18 (6.3RI I (4.2491 Net current assets 59.106 15.803 Net assets 878.792 573.356 Funds End(Iwment funds 19 3.851 Resiricted Incon fund5 511.372 Unrestri¢led inLDme funds- Unresiri¢Eed income funds Revaluation reserve 131.195 247.(NX) 56,133 Total unrestricd income funds .378.195 Total funds 878.792 573.356 ei¢£f-.1gWnd signed on its behalfby Tr rinancial 51a*ments w¢re iipproved by the vuste¢s on ........ oung Trustee T. Todd Trustee The noto on pages 9 10 16 form an Inle8ral part of these flnanclal 5tgtement
Yew Life Family Church
Notes to financial statements
for the vear ended 31 December 2011
Accounting policies
The principal dLIULuILing polAcies are sununariscd below.
Basis of accounting
These accoun1.% have heen prepd in accordance with the Accounting Regulaiions sei oul under the Ch8riiies
Ac12011. and w'ith the Chariucs slennI of ReL'ommended Pwiice - Charities SORP FRS 102.
The charity meei5 Ihe defmition of a public benefit enliiy under FRS 10? Assels and liabiliiies arc iniudlly
recosnised ai historical cosi or trdnsaciion value unless othern'ise sthted in the relevant accounting policy.
1.2. Incoming resources
All incuming resourLes are included in the staiemeni ol financial activilies when the charity is eniiiled to ihe
income and The arnount can be quantified with reasonable accurncy. The follow'ing specific wlicies are applied to
panicular cate¥ories of incoll.
Voluntary income is received by w¥y of donatio. offerin&% and tithes. and is accounted for in the %taiement of
rinancial activiiies on receivable basis.
Other incomes are included in the year in whieh li is received.
InLome from investn(S is rccognised on a rweii'cd basis. Rental income is recognised on a rcLeipl basis
1.3. Resources expended
ExpLndirur¢ 1% reliisnld on an aCCTual basis 4 liabiliry 1% inCued. Expenditure ildeS any VAT which
cannoi be fully recovered. and is rewrted as part of the expcndilure to whiL'h li relates.
Grants paJ'm¢nts are pa>'able once ihe!. have been agreed by the Trustees. C.hari14bl¢ acii%'i(ies cost5 comprise rhe
LQIIS H4%nLiated with allrling v()lunidr)' InL()Tr. li inLlude% )lh c
New Life Family Church Notes to financial sLitements ror the year ended 31 December 2023 Voluntar) income LTnTe5trlcted fuDd5 2023 Toial 2022 Total General offerings sLia} offerings Gifi aid donations Gift aid lax refund 95.337 4.1( 76.947 91.198 95.337 4.108 76.947 21.198 55.088 1.777 73.6( 19.748 197.51A) 150,?22 Activities for generating funds UDrestrlcied fun4Ls 2023 Total 2022 Total Shop inLome Breakoui subscripiion Rwm hire ?65 ?65 737 4.552 I3.(1 13.(K)I 13.326 13,326 8,255 Investmenl income Unrestrlcted funds 2023 'rot81 'rotal Income from UK ini'e51ment propentes Bdnk ini¥resL reLeisable 5.781 420 8.108 420 6.2U3 6.?03 8.310 Other Ancomlng rewurces Unrtsirleted funds 2023 Total 2022 Total Oiher income .985 297 1.985 1.985 297 111
New Life Family Church Notes to financial statements ror the year ended 31 December 2IILI Costs of charllable activllfi£s - by fund type Unre5tri¢ied Restrlcted fun(Ls funds 2023 Total 2022 Tot41 Fellow%hip activity aNJ minisiry Hospilaliiy & breakoul Mission5 130.757 2,903 11.781 1 ?.775 143.532 2.3 11.781 171.2?2 2.282 13.978 145.441 58.216 187.482 c.osts of charfitable actiTr4tles - by actii'it), Activltles Don*ilons undertaken runding directl) artivitles Support Costs 2U23 Total 2022 Total Fell(Iw%hip aL'liVi(y and mini%try Hospitality & breakoui Mission5 40.479 2.903 10.1.053 143.532 2.903 11.781 171.222 2.282 13.978 11.781 43.38? 11.781 10.1,053 58.216 187.482 l 1
NeTrTr Life Family Church Notes to fmancial sLqtements for the year ended 31 December 2023 Anal>sls of Donations 2011 Total 2022 T(Jta] Watoio Child Carc Ministrics G H Engelbrechi Josua Kir¢he Papenburg Thanei Food Link Good Shepherd Homes Aciive Christianiti, In Thanet Schools cenal African Nli%.4ion 'nisiigi Hope Veroniia Doyle DaVidn Kampala Children Centre Other gift5 552 552 2.1 2.71M) 1.211U 1.200 1.2 1.2(K) 11.781 13.978 Analysis uf support costs 2023 Tolal 2022 Totsl Staft co4t Light und heat Repairs and maintenance Insurance Motor and trayclling cosls Premises cosis Legal and professional fee5 Other prufessional fee5 Telephone ¢osis Chh¢r office expenses Pr(Trfil (Trn di%w%al uf &K%et Deprecidtion aDd lrnpairnn1 67,665 8.866 6.190 3.816 86 15.M7 2.355 6.876 2.094 4.791 1.557 16.690) 83.958 4..150 4,48? 86 9,579 769 2.&)2 4.487 15.638 103.053 137.619
New Lile Famil.v Church Notes to financial statements for the year ended 31 December 2023 io. Governance Costs Unrestrlcted fun(L4 2023 Total 2022 Totsl ALL{n{anLY fees Bank charses 452 452 892 2,452 2.452 2.292 11. Emplo)ees Employment costs 2023 2022 Wa¥e4 4alaries S(Kidl ¥£curity LOs1s Pen%ion Lost 62.635 916 4.114 76,852 ?.656 4,450 67.665 83,958 No employee Teceived CDwlument14 of ub)re than £60.(KQ (?02? .. Trone). Number of emplovees The average monihl). number.% of employee% li]UdIng the te£s) dur&ng the year. ¢al¢ulaied on the ba41% of full equii'alenis. M'as as follows: 2023 Number 21122 umbtr Sthff 12. Trustees, emoluments 202J 2022 Remuneralion and other bencfiis 36.111 13. Pension cosL 'I'h¢ LVIIIPiiny opcidl¢s d d¢fJiJLJ iontribuliuii FKnSiOll $ihei. Th¢ scheTr dnd ils &sseis are held by independent managers. The pension Charge repre5enis contributions due from the company and was as follnu's.. 2023 2022 Pe6&on chdrge 4.114 4,450 11
New Life Family Church Notes to financial statements for the year ended 31 December 2023 Land &. buildin&s freehold 14. Tangible flxed assets lmprnTrennt FF& to propertv equlpment Motor vehicles Total Lost Ai l Januar), 20?1 Di5PO%dl4Jr¢cldS%ification At 31 Dccember 2023 29S.1 ?2 168.(XM)) 491.633 127.189 918.694 (72,750) (4,750) 227.122 491.633 127.189 845.944 Depreciation Ai l January ?0?3 Charge for the ye On di1p0%alree1&411fict10n Ai I l DeCeMr ?023 118.6?5 .942 (31.437} 118.193 9,835 121.130 .970 3.193 361.141 14.747 (3.193) {34.630) .i.io 128.078 341.258 Net book values Ai 31 DeLcn)ber ?023 136.992 363.(A)5 4.08Y 504.686 At 31 Deccmber 2022 176.497 373.440 6.059 1,557 557,553 Is. "ixed &t investments Investh)ent property Total Valuatlon Addiii(In Rei'aluations 68.(XJ) 247.(XKI 247.IXK) Al 31 December 2023 315. 315.IXKI HÉstorical c05t as at 31 December 2023 68.( 68.(KK) The tru4tecs have COlucIed a valuaiion. taking into account cuent nwkei conditions and aTr'&ilable propertie4 in local mark¢is. They believc the op¢n market value of the investment PTopeny to be £315.IXM) &$ of 31st December ?023. All fixed assei investments are held within the United Kingdo IA
New Life Family Church Notes to financial statements for the year ended 31 December 2023 16. Debtors 2023 2022 Trade debiors Other debiuTh Prepayments 1.314 .769 3,089 2,775 17. Currenl asset Investments 2023 2022 Other unlisd investrnents 3.851 18. Creditslrs: amounts falling due wlthin one year 2023 2022 Trdde crediiors Oiher tax¢s and svcial sccuriiy Oiher creditors AccruaEs 18 l.W4 709 2.417 414 1.4(Kl 6..181 4.249 The Lharity operate% a defined COnlbull0n pctL%iOD Khemc for employee5. The of the h¢n* ate held sepapaiely from those of the ¢hurii)' in an indcpcndenilv adminisiered fund. At the staiemeni of financial position date unpaid Contribuiions is £110 {?0??: £142) were due to the fund. They are included Other Crediiors. 19. Anal)'sls of net assets between funds Unre51ricied Restrlcted funds nds Total funds Fund baiance5 at 31 December 2023 as represented by: Tangihle fixed a%%15 Investment asseis Curreni assels Current liabililies 4.089 115.IKX) 65.4x7 16.3811 5W.-fj97 -504.b86 -115.(XK) 65,487 16,3811 378.195 5(X).597 878.792 pl
New Life Famil} Church Notes to financial statements for the year ended 31 December 2023 20. Unrestrfcted funds At l Janu4rv IDcomin8 Outgolng 2023 rewurces resources Tr8nsfers G41ns and 31 December losses 2023 Genernl funds 56.133 ?19.IlJ4 (147.893) 3.851 247.(KK) 378.195 Puryose5 of unrestricted funds The unrestricted funds of ihe Trusi are expendable ii the discrelion of Ihe Trustees in funherance of the objeciives of the chariiy. The detsignated funds et aside for bCIfiC projecTs. 21. Restricled funds At At l January ()utgoing 31 D¢cember 2023 resources 2023 Propeny funds 5J 3,372 (1 ?,775) 5(K1.597 22. Endowment funds At l January 2(b23 Trnnrfers At 31 DecembL'r 2023 Investmeni capitsl funds 13.851) 23. Related party transactions Remuneration receii'ed by member of the IK)ard of Trustees Hemwjtss Nicol& R(*storff whose tIng role w&5 p&4tor 14 £28.$69 (20?2.' 28.445). Remuneration ceIVed by nymber of the board Tnjsiees Rasl}e Roeslorff whose acting rok w85 Pastor is £11.801 {2022: £6,520). Remunerauon receiTr¥ed by a ¥pouse of the Chinw io the Ix)drd of Trnstee% whose actsng tole was admini%trdior is £7.9091?0?2.. 12?.89111. RemuneraEion receiv¢d by a family member of the tM>ard of Trusle¢s whose acting role was in pasloral care is LS.-5411?022-. £9.93?). P•0• 1