|||||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|
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|---|---|---|
|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|
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|Geldards
LLP|
|---|
|No 1 Pride Park Place|
|Pride Park|
|Derby|
|DE24 8QR|
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||||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|||||||||
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||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|
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||||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|||||||
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||||||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)||||||
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|||||||||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|||||||||||
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