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|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|
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|||||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~||||
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|||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|||||||
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|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||||||
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||||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||||||
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|||||||||||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||
##
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||||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|