| Rev P C Weaver |
|---|
| E Lockwood |
| Rev N Weaver |
| RAtkinson |
| Mr XLin |
| H M SWeaver |
| The NSC Arena |
| 4 Belton Road West Extension |
| Loughborough |
| Leicestershire |
| LE11 5XH |
| Rogers Spencer |
| Newstead House |
| Pelham Road |
| Nottingham |
| NG5 1AP |
| Barclays Bank PLC |
| 3 Market Place |
| Loughborough |
| Leicesters hire |
| LE11 3EA |
| Unrestricted | Restricted | Total | |||||
|---|---|---|---|---|---|---|---|
| Notes | Funds | Funds | Total | ||||
| 2022 | 2022 | 2022 | 2021 | ||||
| Income | |||||||
| Donations | 376,383 | 376,383 | 371,138 | ||||
| Charitable activities |
|||||||
| Church activities | 64,952 | 64,952 | 48,309 | ||||
| Other | |||||||
| Grants received Bank interest received |
14,800 2 |
13,000 | 27,800 2 |
8,205 | |||
| 456 137 | 13000 | 469 137 | 427 652 | ||||
| Other operating | income | ||||||
| Coronavirus job retention |
40 374 | ||||||
| Total income | 456 137 | 13 ODO | 469 137 | 468 026 | |||
| Expenditure | |||||||
| Charitable activities |
|||||||
| Operation ofNew Governance costs |
Springs | UK | 394,139 4647 |
6,335 | 400,474 4647 |
320,651 5067 |
|
| Total expenditure | 398786 | 6335 | 405 121 | 325.718 | |||
| Net income/(expenditure) | and net | 57351 | 6665 | 64 D16 | 142308 | ||
| movement in funds for the year |
|||||||
| Net movement in funds |
57,351 | 6,665 | 64,016 | 142,308 | |||
| Reconciliation offunds |
|||||||
| Total funds brought | forward | 893924 | 893924 | 751 616 | |||
| Total funds carried | forward | 9~ |
| FOR T | HE YEAR | ENDED 31 DECE | MBER 2021 | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||
| Notes | Funds | Funds | Total | |||
| 2021 | 2021 | 2021 | ||||
| E | ||||||
| Income | ||||||
| Donations | 371,138 | 371,138 | ||||
| Charitable activities |
||||||
| Church activities |
48,309 | 48,309 | ||||
| Other | ||||||
| Grants | 8205 | 8205 | ||||
| 427 652 | 427 652 | |||||
| Other operating | income | |||||
| Coronavirus job retention |
40374 | 40374 | ||||
| Total income | 468 026 | 468026 | ||||
| Expenditure | ||||||
| Charitable activities |
||||||
| Operation of New |
Springs | UK | 319,530 | 1,121 | 320,651 | |
| Governance costs |
5067 | 5067 | ||||
| Total expenditure | 324 597 | 1 121 | 325 718 | |||
| Net income/(expenditure) | and net | 143429 | ~1121 | 120947 | ||
| movement in funds for the year |
||||||
| Net movement in funds |
143,429 | (1,121) | 142,308 | |||
| Reconciliation offunds |
||||||
| Total funds brought |
forward | 750 495 | 1 121 | 751 616 | ||
| Total funds carried | forward |
| NEW SPRINGS | UK | |||||
|---|---|---|---|---|---|---|
| A COMPANY LIMITED BYGUARANTEE | ||||||
| BALANCE | SHEETAS AT 31 DECEMBER 2022 | |||||
| Fixed assets | Notes | 2022 f |
2021 f |
|||
| Tangible fixed assets | 1,514,659 | 1,369,149 | ||||
| Current assets | ||||||
| Debtors | 43,930 | 48,020 | ||||
| Cash at bank and | in hand | 33313 | 77 726 | |||
| 77,243 | 125,746 | |||||
| Creditors falling | due | |||||
| within one year | 9 | ~67670 | ~21 144 | |||
| Net current |
assets | 9373 | 104602 | |||
| Total assets less | current | |||||
| liabilities | 1,524,032 | 1,473,750 | ||||
| Creditors falling | due | |||||
| after more than one year | 10 | ~566 092 | 579827 | |||
| Net assets | ||||||
| Restricted funds | ||||||
| Unrestricted funds Restricted funds |
13 | 951,275 6665 |
893,924 | |||
| Total funds |
| 3(a | 1). Charitable activities |
Unrestricted funds f |
Restricted funds f |
Total 2022 f |
Total 2021 f |
||
|---|---|---|---|---|---|---|---|
| Grants made to PACE | 17,765 | 17,765 | 13,722 | ||||
| Ministry support and expenses Staff salaries (note 6) |
97,123 85,506 |
860 | 97,983 85,506 |
81,155 58,519 |
|||
| Charitable gifts Premises and equipment |
costs | 10,796 33,432 |
2,858 | 10,796 36,290 |
6,899 13,611 |
||
| Management and administration |
44,051 | 2,617 | 46,668 | 53,551 | |||
| Events and activities | 55,284 | 55,284 | 29,490 | ||||
| Mortgage interest |
27,383 | 27,383 | 24,072 | ||||
| Depreciation | 22 799 39~ |
22 799 AQL674 |
39632 329~ |
||||
| Unrestricted | Restricted | Total | |||||
| 3(a2). Charitable activities |
funds f |
funds f |
2021 f |
||||
| Grants made to PACE | 13,722 | 13,722 | |||||
| Ministry support and expenses |
81,155 | 81,155 | |||||
| Staff salaries (note 6) | 58,519 | 58,519 | |||||
| Charitable gifts |
6,899 | 6,899 | |||||
| Premises and equipment |
costs | 13,611 | 13,611 | ||||
| Management and administration |
52,430 | 1,121 | 53,551 | ||||
| Events and activities | 29,490 | 29,490 | |||||
| Mortgage interest |
24,072 | 24,072 | |||||
| Depreciation | 39632 | 39632 | |||||
| 319MO | 32@651 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| 3(b). | Governance costs | fundsf | fundsf | 2022 | 2021 f |
||
| Independent examiner's |
fee |
| New Springs | New | Total | Total | |||
|---|---|---|---|---|---|---|
| 4a. | Allocation ofthe Charitable | Sunderland | Springs | 2022 | 2021 | |
| Activities | Loughborough | |||||
| Income | ||||||
| Tithes and offerings and | ||||||
| donations | 84,528 | 234,402 | 318,930 | 326,670 | ||
| Gift aid receivable | 10,291 | 47,162 | 57,453 | 44,468 | ||
| Other church activities | 9,298 | 55,654 | 64,952 | 56,514 | ||
| Other - grants | 14,800 | 13,000 | 27,800 | |||
| Coronavirus job retention |
grant | 40,374 | ||||
| Bank interest received | ||||||
| Total income | ||||||
| Expenditure | ||||||
| Grants paid | 17,765 | 17,765 | 9,513 | |||
| Ministry support &expenses |
35,863 | 62,120 | 97,983 | 77,494 | ||
| Staff salaries | 6,871 | 78,635 | 85,506 | 64,277 | ||
| Charitable giRs |
5,813 | 4,983 | 10,796 | 6,771 | ||
| Premises and equipment | costs | 12,961 | 23,329 | 36,290 | 13,611 | |
| Management and administration |
6,779 | 39,889 | 46,668 | 53,551 | ||
| Events and activities | 4,057 | 51,227 | 55,284 | 31,729 | ||
| Mortgage interest |
27,383 | 27,383 | 24,073 | |||
| Depreciation | (980) | 23,779 | 22,799 | 39,632 | ||
| Governance costs Total expenditure |
4647 333457 |
4 647 495.~ |
5067 3~ |
|||
| Net movement in funds |
| New Springs | New | Total | ||||
|---|---|---|---|---|---|---|
| 4b. | Allocation ofthe Charitable | Sunderland | Springs | 2021 | ||
| Activities | Loughborough | |||||
| Income | ||||||
| Tithes and offerings and | ||||||
| donations | 56,985 | 269,685 | 326,670 | |||
| Gift aid receivable | 9,347 | 35,121 | 44,468 | |||
| PACE recharges —van hire, etc. | 25,762 | 25,762 | ||||
| PACE Camp recharges | 10,615 | 10,615 | ||||
| Other church activities | 9,340 | 10,797 | 20,137 | |||
| Other - grants | ||||||
| Coronavirus job retention |
grant | 14750 | 25624 | 40 374 | ||
| Total Income | ~04 | 468)}26 | ||||
| Expenditure | ||||||
| Grants paid | 9,513 | 9,513 | ||||
| Ministry support 8 expenses | 27,819 | 49,675 | 77,494 | |||
| Staff salaries | 10,512 | 53,765 | 64,277 | |||
| Charitable gifts |
3,333 | 3,438 | 6,771 | |||
| Premises and equipment | costs | 4,706 | 8,905 | 13,611 | ||
| Management and administration |
18,127 | 35,424 | 53,551 | |||
| Events and activities | 520 | 31,209 | 31,729 | |||
| Mortgage interest |
24,073 | 24,073 | ||||
| Depreciation | 6,867 | 32,765 | 39,632 | |||
| Governance costs |
5067 25~34 |
5067 3~ |
||||
| Net movement in funds |
||||||
| Total | Total | |||||
| 5. | Net income for the year | 2022 | 2021 | |||
| The net income is stated | after charging:- | |||||
| Independent examiners fees |
4,647 | 5,067 | ||||
| Depreciation |
| Total | Total | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||||||
| Staff costs and trustee remuneration | ||||||||||||
| Wages and Salaries | ||||||||||||
| No employees | received remuneration | in excess | ofF60,000 per annum | |||||||||
| The average | number ofemployees | was: | 2022 | 2021 | ||||||||
| Direct charitable activities |
||||||||||||
| Two trustees, | who | are | also the key | management | personnel, | |||||||
| received remuneration | during the year | as follows: | 2022 | 2021 | ||||||||
| Rev P C Weaver —Support | 48,334 | 42,846 | ||||||||||
| Pension contribution | 5,668 | 4,731 | ||||||||||
| Rev N Weaver | —salary | 30,000 | 30,000 | |||||||||
| Pension contributions | 4032 | 3578 | ||||||||||
| M~5 | ||||||||||||
| Tangible fixed | assets | |||||||||||
| Freehold | Fixtures, | Total | ||||||||||
| land and | fittings, | |||||||||||
| buildings | // | plant & | ||||||||||
| machinery | ||||||||||||
| Cost | ||||||||||||
| At 01/01/2022 | 1,393,713 | 191,735 | 1,585,448 | |||||||||
| Additions | 112,347 | 55,963 | 168,310 | |||||||||
| Disposals | ||||||||||||
| At 31/12/2022 | ||||||||||||
| Depreciation | ||||||||||||
| At 01/01/2022 | 37,558 | 178,741 | 216,299 | |||||||||
| On disposals | ||||||||||||
| Charge for the At 31/12/2022 |
year | 13781 ~339 |
9D39 MZZDD |
228DD | ||||||||
| Net book value | ||||||||||||
| At 31/12/2022 | ||||||||||||
| At 31/12/2021 | ||||||||||||
| // | see notes 9and | 10 |
| 8. | Debtors | 2022f | 2021 f |
|
|---|---|---|---|---|
| Income tax recoverable | 40,791 | 44,468 | ||
| Prepaid expenses | 3139 | 3552 | ||
| 9. | Creditors: amounts | falling due within one year | 2022f | 2021 |
| Bank loan (secured | —see note 10below) | 10,262 | 14,857 | |
| Accruals Other creditors |
7,608 50000 |
4,712 1 575 |
||
| 10. | Creditors: amounts | falling due after more than one year | 2022f | 2021 |
| Loan (secured —see | below) | MLO92 |
| 10. | Creditors: amounts falling due after more than one year Loan (secured —see below) 2022f MLO92 |
Creditors: amounts falling due after more than one year Loan (secured —see below) 2022f MLO92 |
Creditors: amounts falling due after more than one year Loan (secured —see below) 2022f MLO92 |
Creditors: amounts falling due after more than one year Loan (secured —see below) 2022f MLO92 |
Creditors: amounts falling due after more than one year Loan (secured —see below) 2022f MLO92 |
|
|---|---|---|---|---|---|---|
| The loan is secured on the freehold land and buildings. It is repayable by instalments over a period of26years, with f513,604(2021:f514,140)falling due after more than five years. |
||||||
| 11a. | Analysis ofnet assets between | Tangible | Net current | Non-current | ||
| Funds - 2021 | fixed | assetsl | assetsl | |||
| assetsf | (liabilities)f | (liabilities)f | Totalf | |||
| Unrestricted funds |
1,369,149 | 104,602 | (579,827) | 893,924 | ||
| Restncted funds | ||||||
| 11b. | Analysis ofnet assets between | Tangible | Net current | Non-current | ||
| Funds - 2022 | fixed | assetsl | assetsl | |||
| assetsf | (liabilities)f | (liabilities)f | Totalf | |||
| Unrestricted funds |
1,514,659 | 2,708 | (566,092) | 951,275 | ||
| Restricted funds | 6665 | 6 | 665 | |||
| 9273 | 957.666 |
| Total funds | Total funds | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Income | ||||
| Tithes and offerings | 318,391 | 326,670 | ||
| Gift aid recoverable | 57,453 | 44,468 | ||
| Youth | 15,565 | |||
| Recharge ofexpenses | to | PACE | 1,317 | 36,377 |
| Other church activities | 48,069 | 11,932 | ||
| Grants | 27,800 | 8,205 | ||
| Interest received | 2 | |||
| Coronavirus job retention |
grant | 40 374 | ||
| 468 137 | 468 026 | |||
| Expenditure | ||||
| Charitable activities |
||||
| Staff remuneration | 85,506 | 58,518 | ||
| Trustee remuneration | 78,334 | 72,846 | ||
| Trustee pension costs | 9,700 | 8,309 | ||
| Insurance | 4,769 | 3,259 | ||
| Utilities | 12,130 | 9,055 | ||
| Repairs | 19,391 | 1,297 | ||
| Loan interest | 27,383 | 24,073 | ||
| PR, design, stationery | and | postage | 15,147 | 14,063 |
| Telephone and internet |
7,298 | 4,190 | ||
| Motor and travel | 3,026 | 1,630 | ||
| Catering | 12,869 | 4,063 | ||
| Trustees' expenses | 200 | |||
| Speakers' expenses | 10,625 | 4,015 | ||
| Benevolence | 4,545 | 3,438 | ||
| Discipleship | 4,475 | 128 | ||
| Bank charges | 1,290 | 457 | ||
| Events | 22,228 | 14,124 | ||
| Missions | 6,251 | 3,333 | ||
| Legal and professional | 2,051 | |||
| Sundry expenses | 18,837 | 26,951 | ||
| Subscriptions | 870 | |||
| Depreciation | 22,800 | 39,632 | ||
| Radio New Springs | 3,423 | 4,864 | ||
| Grant to PACE | 17,765 | 13,722 | ||
| Ministries and counselling |
5,474 | 6,633 | ||
| Independent examiner's |
fees | 4647 | 5067 | |
| 405 121 | 325 718 |