2020-12-31-accounts

				Pages
Legal and Administrative		Information
Report ofthe	Directors			3-7
Independent	Examiners'	Report
Statement of	Financial Activities
Balance Sheet				10
Notes forming	part of the	Financial	Statements	11-17

DIRECTORS		Rev P C Weaver
		E Lockwood
		Rev N Weaver
		RAtkinson
		Mr X Lin
SECRETARY		H M SWeaver
REGISTERED	OFFICE	The NSC Arena
		4 Belton Road West Extension
		Loughborough
		Leicestershire
		LE115XH
INDEPENDENT	EXAMINERS	Rogers Spencer
		Newstead House
		Pelham Road
		Nottingham
		NG5 1AP
BANKERS		Barclays Bank PLC
		3 Market Place
		Loughborough
		Leicestershire
		LE113EA

Geldards LLP
No 1 Pride Park Place
Pride Park
Derby
DE24 8QR

			Unrestricted	Restricted		To'tal (all
		Notes	Funds	Funds	Total	vnrsuricted)
			2020	2020	2020	2019
			6	5	6	6
Income
Donations		2	329,409		329,409	293,435
Charitable activities
Church activities			24,585		24,585	30,634
Other
Grants				12000	12000	4500
			353994	12000	365 994	328569
Other operating income
Coronavirus job retention			~43580		43580
Tots I income			397574	12000	409574	328569
Expenditure
Charitable activities
Operation of New Springs	UK	3	277 748	10879	288627	314500
Total expenditure			277 748	10879	288 627	314500
Net income/(expenditure)	and net		119826	1 121	120947	14069
movement in funds for the year
Net movement in funds			119,826	1,121	120,947	14,069
Reconciliation of funds
Total funds brought forward			630669		630 669	616600
Total funds carried forward

			NEW SPRINGS	NEW SPRINGS	UK
		A COMPANY		LIMITED BYGUARANTEE
		BALANCE	SHEET AS AT 31 DECEMBER 2020
						2020		2019
		Notes				f		f
Fixed assets
Tangible fixed assets					1,190,442			1,162,939
Current assets
Debtors		8		46,264			31,202
Cash at bank and in hand				150849			88551
				197,113			119,753
Creditors	falling due
within one year		9		~22 498			16449
Net current assets					174615			103304
Total assets less current
liabilities					1,365,057			1,266,243
Creditors	falling due
after more	than one year	10			~613441			635574
Net assets
Restricted	funds
Unrestricted	funds				750,495			630,669
Restricted	funds	13				1 121
Totalfunds

	Deprec use.	iation on assets	in the course of co	nstruction is applied	once the asset i	s brought into
2.	Donations		Unrestricted	Restricted
			funds	funds	Total	Total
			2020	2020	2020	2019
			E	9
	Tithes, offering and
	other donations		281,143		281,143	240,605
	Gifi aid receivable		48266		48 266	52 830
3.	Analysis ofexpenditure
			Staff costs	Other	Total	Total
			E	E	2020	2019
						K
	Charitable	activities (3a.)	134,376	149,666	284,042	310,614
	Governance	costs (3b.)		4585	4 585	3886

			Unrestricted	Unrestricted	Restricted	Total	Total
3(a).	Charitable activities		funds		funds	2020	2019
				6	f		8
	Grants made to PACE			2,718		2,718	1,720
	Ministry support and expenses		81,345			81,345	101,906
	Staff salaries (note 6)		53,031			53,031	42,049
	Charitable giRs			5,924		5,924	8,162
	Premises and equipment	costs	13,053			13,053	19,956
	Management and administration		39,377		10,879	50,256	48,107
	Events and activities		20,614			20,614	28,330
	Mortgage interest		24,190			24,190	28,096
	Depreciation		32911			32911	32288
			~7
			Unrestricted		Restncted	Total	Total
3(b).	Governance costs		funds		funds	2020	2019
				F	f	6	8
	Independent examiners	fees
			New	Springs	New	Total	Total
4a.	Allocation ofthe Charitable		Sunderland		Springs	2020	2019
	Activities				Loughborough
					F
	Income
	Tithes and offerings and
	donations			40,645	240,499	281,144	240,605
	Gift aid receivable			7,500	40,766	48,266	52,830
	Church activities			9,888	14,696	24,584	30,634
	Other - grants				12,000	12,000	4,500
	Coronavirus job retention	grant		17250	26330	43580
	Total Income
	Expenditure
	Grants paid			2,718		2,718	1,720
	Ministry support &expenses			32,568	48,777	81,345	101,906
	Staff salaries			2,936	50,095	53,031	42,049
	Charitable gifts			5,209	715	5,924	8,162
	Premises and equipment	costs		4,562	8,491	13,053	19,956
	Management and administration			7,443	42,813	50,256	48,107
	Events and activities			295	20,319	20,614	28,330
	Mortgage interest				24,190	24,190	23,096
	Depreciation			6,623	26,288	32,911	32,288
	Governance costs				4 585	4 585	3886
	Net movement in funds

					New Springs	New	Total
4b.	Allocation ofthe Charitable				Sunderland	Springs	2019
	Activities				6	Loughborough
	Income
	Tithes and offerings		and	donations
					39,287	201,318	240,605
	GIR aid receivable				19,839	32,991	52,830
	Church activities				12,330	18,304	30,634
	Other - grants				4500		4 500
	Total Income
	Expenditure
	Grants payable					1,720	1,720
	Ministry support	&expenses			24,982	76,924	101,906
	Staff salaries				9,214	32,835	42,049
	Charitable gifts				3,835	4,327	8,162
	Premises and equipment			costs	9,706	10,250	19,956
	Management and administration				8,149	39,958	48,107
	Events and activities				1,460	26,870	28,330
	Mortgage interest					28,096	28,096
	Depreciation				6,519	25,769	32,288
	Governance costs					3886	3886
							314AIE
	Net movement in	funds
						Total	Total
5.	Net income for the year					2020	2019
						F	6
	The net income is stated			after charging:—
	Independent examiners fees					4,585	3,886
	Depreciation					34,911	32,288
	(Profft on disposal	ofvan)

								Total	Total
								2020	2019
Staff costs and			trustee remuneration					E	F.
Wages and saladies								53,031	41,407
Pension contribution				—money purchase
No employees			received remuneration			in excess	of660,000 per annum
The average	number			ofemployees was:				2020	2019
Direct charitable			activities
Two trustees,		who are			also the key management		personnel,
received remuneration					during the year	as follows:		2020	2019
								6	6
Mr D Holmes									30,668
Rev P CWeaver —Support								43,993	42,040
			Pension contribution					4,784	4,216
Rev N Weaver		—salary						30,000	24,982
			Pension contributions					2568
Tangible fixed		assets
							Freehold	Fixtures,		Total
							land and buildings ¹	fittings, plant &
								machinery f
Cost
At 01/01/2020							1,133,555	171,140		1,304,695
Additions							46,966	15,448		62,414
Disposals
At 31/12/2020
Depreciation
At 01/01/2020							14,416	127,340		141,756
On disposals
Charge for the		year					10505	24 406		34911
At 31/12/2020
Net book value
At 31/12/2020
At 31/12/2019
¹see notes 9and 10