| Page | |||||
|---|---|---|---|---|---|
| Trustees' annual report (incorporating |
the | director's | report) | ||
| Independent examiner's report to the |
trustees | ||||
| Statement offinancial | activities (including | income and | |||
| expenditure account) |
|||||
| Statement offinancial | position | ||||
| Notes to the financial | statements |
| Registered | charity | name | name | New Life Church | New Life Church | (Suffolk) | |||
|---|---|---|---|---|---|---|---|---|---|
| Charity registration | number | 1074780 | |||||||
| Company | registration | number | 03680002 | ||||||
| Principal office and | registered | 4 Pochard Close | |||||||
| office | Stowmarket | ||||||||
| Suffolk | |||||||||
| IP14SEX | |||||||||
| The trustees | |||||||||
| MrJ Fenning | |||||||||
| Mr S D W Ginns | |||||||||
| Mr A Davies | |||||||||
| Rev. M Smith | |||||||||
| Independent | examiner | Karl Jermyn, | FCA Jermyn | &CoAccountants | Limited | ||||
| Unit 3 Hill Farm | |||||||||
| Kirby Road | |||||||||
| Kirby Bedon | |||||||||
| Norwich | |||||||||
| Norfolk | |||||||||
| NR14 7DU |
| Y | ear end | ed 31 March | 2023 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||||
| Unrestricted | Restricted | ||||||||
| Note | funds 8 |
funds 8 |
Total funds f |
Total funds | |||||
| Income and | endowments | ||||||||
| Donations and legacies |
5 | 107,994 | 75,255 | 183,249 | 209,803 | ||||
| Charitable activities |
6 | 178 | 178 | 104 | |||||
| Total income | 108,172 | 75,255 | 183,427 | 209,907 | |||||
| Expenditure | |||||||||
| Expenditure | on raising funds: | ||||||||
| Costs | of raising | donations | and | ||||||
| legacies | 7 | 59,524 | 37,096 | 96,620 | 102,197 | ||||
| Costs | ofother | trading | activities | 8 | 46,682 | 24,658 | 71,340 | 57,873 | |
| Total expenditure | 106,206 | 61,754 | 167,960 | 160,070 | |||||
| Net income | and net movement | in | funds | 1,966 | 13,501 | 15,467 | 49,837 | ||
| Reconciliation offunds |
|||||||||
| Total funds | brought | forward | 160,951 | 72,497 | 233,448 | 183,611 | |||
| Total funds | carried | forward | 162,917 | 85,998 | 248,915 | 233,448 |
| 31 March 202 | 3 | |||
|---|---|---|---|---|
| Note | 2023 8 |
2022 f |
||
| Fixed assets | ||||
| Tangible fixed assets | 14 | 34,022 | 41,295 | |
| Current assets | ||||
| Debtors | 15 | 13,938 | 14,002 | |
| Cash at bank and in | hand | 212,042 | 187,772 | |
| 225,980 | 201,774 | |||
| Creditor: amounts | falling due within one year | 16 | 11,087 | 9,621 |
| Net current assets | 214,893 | 192,153 | ||
| Total assets less current liabilities | 248,915 | 233,448 | ||
| Net assets | 248,915 | 233,448 | ||
| Funds ofthe charity | ||||
| Restricted funds | 85,998 | 72,497 | ||
| Unrestricted funds |
162,917 | 160,951 | ||
| Total charity funds | 19 | 248,915 | 233,448 |
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds f |
Funds | 2023 8 |
|||
| Donations | |||||
| Appeals | and | donations | 107,994 | 65,255 | 173,249 |
| Grants | |||||
| Grants | receivable | 10,000 | 10,000 | ||
| Government | grant income | ||||
| 107,994 | 75,255 | 183,249 | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| f | 8 | 8 | |||
| Donations | |||||
| Appeals | and | donations | 139,910 | 56,818 | 196,728 |
| Grants | |||||
| Grants | receivable | 10,000 | 10,000 | ||
| Government | grant income | 3,075 | 3,075 | ||
| 142,985 | 66,818 | 209,803 |
| Charitable a |
ctivities | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2023 | Funds | 2022 | |||||
| 6 | 6 | |||||||
| Sales ofpurchased | goods | 178 | 178 | 104 | 104 | |||
| Costs ofraising donations | and | legacies | ||||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds f |
Funds F |
2023 6 |
||||||
| Donations - | foodbank | purchases | 7,933 | 7,933 | ||||
| Wages and | salaries | 18,567 | 18,567 | |||||
| Rent | 5,081 | 3,219 | 8,300 | |||||
| Pension costs | 1,894 | 1,894 | ||||||
| Repairs &maintenance | 2,223 | 952 | 3,175 | |||||
| Insurance | 1,759 | 1,759 | ||||||
| Motor/travel | costs | 4,225 | 4,05B | 8,281 | ||||
| Telephone | 547 | 318 | 865 | |||||
| Other office | costs | 364 | 819 | 1,183 | ||||
| Charitable donations |
42,452 | 1,232 | 43,684 | |||||
| Accountancy | 979 | 979 | ||||||
| 59,524 | 37,096 | 96,620 | ||||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds f |
Funds | 2022 f |
||||||
| Donations - | foodbank | purchases | 5,013 | 5,013 | ||||
| Wages and | salaries | 26,499 | 26,499 | |||||
| Pension costs | 1,554 | 1,554 | ||||||
| Rent | 5,553 | 6,B01 | 12,154 | |||||
| Bank charges | ||||||||
| Repairs &maintenance | 76 | 3,645 | 3,720 | |||||
| Insurance | 204 | 273 | 477 | |||||
| Motor/travel | costs | 2,759 | 4,368 | 7,127 | ||||
| Telephone | 513 | 137 | 650 | |||||
| Other office | costs | 1,670 | 850 | 2,520 | ||||
| Charitable donations |
39,694 | 39,694 | ||||||
| Sundry expenses | 1,597 | 247 | 1,844 | |||||
| Accountancy | 946 | 946 | ||||||
| 47,633 | 102,197 |
| Costs of | other trading activities | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds f |
Funds | 2023 8 |
||
| Wages and salaries | 6,308 | 6,308 | ||
| Trustees' | remuneration | 38,248 | 18,518 | 56,766 |
| Depreciation | 2,126 | 6,140 | 8,266 | |
| Progt on | sale offixed assets | |||
| 46,682 | 24,658 | 71,340 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| f | F. | |||
| Wages and salaries | 27,859 | 27,859 | ||
| Trustees' | remuneration | 13,169 | 6,405 | 19,574 |
| Other office costs | 118 | 118 | ||
| Depreciation | 2,379 | 7,941 | 10,322 | |
| Profit on | sale offixed assets | |||
| 43,525 | 14,346 | 57,873 |
| 2023 8 |
2022 f |
|||||
|---|---|---|---|---|---|---|
| Depreciation | oftangible fixed assets | 8,266 | 10,321 | |||
| 11. | Independent | examination | fees | |||
| 2023 | 2022 | |||||
| 8 | ||||||
| Fees payable | to the independent | examiner for: | ||||
| Independent | examination | ofthe | financial statements | 979 | 946 |
| 14. | Tangible fixed asset | s | ||||
|---|---|---|---|---|---|---|
| Short | ||||||
| leasehold | Motor | |||||
| property f. |
vehicles f |
Equipmentf | Total f |
|||
| Cost | ||||||
| At 1 April 2022 | 2,261 | 32,155 | 63,228 | 97,644 | ||
| Additions | 993 | 993 | ||||
| At 31 March 2023 | 2,261 | 32,155 | 64,221 | 98,637 | ||
| Depreciation | ||||||
| At 1 April 2022 | 2,261 | 12,504 | 41,583 | 56,348 | ||
| Charge for the year | 4,913 | 3,354 | 8,267 | |||
| At 31March 2023 | 2,261 | 17,417 | 44,937 | 64,615 | ||
| Carrying amount | ||||||
| At 31March 2023 | 14,738 | 19,284 | 34,022 | |||
| At 31 March 2022 | 19,651 | 21,644 | 41,295 | |||
| 15. | Debtors | |||||
| 2023 f |
2022 f |
|||||
| Prepayments and accrued income |
13,938 | 14,002 | ||||
| 16. | Creditors: amounts | falling due within | one year | |||
| 2023 f |
2022 f |
|||||
| Accruals and deferred | income | 11,087 | 9,621 | |||
| Social security and other taxes | ||||||
| 11,087 | 9,621 |
| Analysis of | charitable funds |
||||
|---|---|---|---|---|---|
| Unrestricted | funds | ||||
| At | At | ||||
| 1 April 2022 f |
Income f |
Expenditure f |
31Mar 2023 f |
||
| General funds | 160,951 | 108,172 | (106,206) | 162,917 | |
| At | At | ||||
| 1 April 2021 f |
Income f |
Expenditure F |
31 Mar 2022 f |
||
| General funds | 115,953 | 143,089 | (98,091) | 160,951 | |
| Restricted funds | |||||
| At | At | ||||
| 1 April 2022 f |
Income f |
Expenditure f |
31Mar 2023 f |
||
| Stowmarket | Food Bank | 72,497 | 75,255 | (61,754) | 85,998 |
| At | At | ||||
| 1 April 2021 f |
Income f |
Expenditure f |
31 Mar 2022 f |
||
| Stowmarket | Food Bank | 67,658 | 66,818 | (61,979) | 72,497 |