Peach&Co. Chartered Accountants & Business Advisers
NEWSTART
Report of the Trustees &
Financial Statements for the Year Ended 30 November 2021
Charity no: 1077664
Peach & Co., Chartered Accountants & Business Advisers, 115 Byrkley Street, Burton upon Trent, Staffordshire, DE14 2EG Tel: 01283 564014 & 01283 566441 » Fax: 01283 565873 » Email: sue@peachco.co.uk » www.peachco.co.uk Principal: S$ L Hall BA (Hons) ACA
ee
NEWSTART
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021
SE
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|---|---|---|---|---|---|
|Page|
|Legal|and|Administrative|Information|1|
|Trustees|Report|2|
|Independent|Examiner's|Report|4|
|Receipts and|Payments|Account — The|Charity|5|
|Statement|of Assets|and|Liabilities — The|Charity|6|
|Notes|to|the|Financial|Statements|Z|
|Receipts|and|Payments Account — Head|Office|8|
|Receipts and|Payments Account — Horninglow|9|
|Receipts and|Payments Account — Stapenhill|10|
|Receipts|and|Payments Account — Winshill|11|
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NEWSTART
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2021
| eee | eee |
|---|---|
| CharityNumber: | 1077664 |
| Trustees: | Mr RonaldAnderton |
| Mrs Pam Kyles | |
| Contactaddress: | 15 RidgewayRoad |
| Burton on Trent | |
| Staffordshire | |
| DE15 9PY | |
| Independent Examiner: | MrsSue Hall |
| Peach & Co. | |
| Chartered Accountants | |
| 115 Byrkley Street | |
| Burton on Trent | |
| DE142EG |
Page 1
NEWSTART - CHAIRMAN/TRUSTEES REPORT
In the community for the community
November 2020 to November 2021
help relieve poverty whilst promoting the Christian faith
Well, what a year this has been. There have been so many changes imposed on us as a charity and as individual trustees. By this | refer to of course not only the impact of the coronavirus but also the changes in our lease arrangements for two of our shops namely Winshill and Stapenhill. | will come back to these items later in the report.
Coronavirus.
The shops were closed on the 23" December 2020 for the Christmas break, Then the next lockdown was introduced by the government which meant that the shops were closed until the 7" April 2021. This of course had a huge effect which meant we had lost over 3 months trading. This could have placed us in a very difficult financial situation but then the Governments “Help for small business” payments were received which helped us enormously. These payments ensured we were able to meet all our financial obligations including rents for the shops, salaries to our staff and utility payments etc. These payments have left us with a healthy bank balance which will hopefully see us through the coming months. We can only hope and pray that this terrible virus is brought under control and we will be able to get back to normal.
Lease arrangements.
Following the decision by our landlord to appoint a management company to oversee all aspects of the leases we hold for the Winshill and Stapenhill premises we have had various disagreements with the company regarding interpretation of certain clauses in the lease documents. We felt that we needed professional guidance and so we consulted a solicitor to check the various demands the management company were submitting to us. There followed various negotiations but all to no avail. The company refused to give ground and on the advice of our solicitor we had to accept their interpretations. To continue could have been very expensive for us without any guarantee of a favourable outcome. We hold our breath to see what the future holds regarding our business relationship with this company.
After reading the above you may believe that this report is a “Doom and Gloom” report. On the contrary there has been a lot of positives and things to be thankful for during the last year. | still hear from members of the communities their appreciation and thanks for the help and assistance Newstart has given, not only regarding the products we sell but also the advice and support given when they are going through difficult times in their lives.
Page 2
Pam and | wish to thank all the people involved with Newstart. The Managers and Managers Assistants who have done such wonderful work during very difficult and trying times. Most of all we wish to give our heartfelt thanks to all our fantastic volunteer workers who give up their valuable time to serve and bless the communities in which they work. During the past trying twelve months Pam and | have had some difficult decisions to make but we always when troubled, seek the Lord’s guidance through Prayer and Biblical teaching. We have always felt the Lord’s presence during these times and feel that we have been given wisdom and guidance throughout our time as trustees. We both agree that Newstart has some difficult times ahead. Neither of us trustees are getting any younger and we feel that in the coming months we must decide not only our futures but also that of Newstart as a going concern. We are prayerfully seeking alternatives to the current situation and are investigating alternatives to the present structure.
In the Lord we Trust.
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Ron Anderton/Pam Kyles.
Dated 3 October 2022
Page 3
NEWSTART
INDEPENDENT EXAMINER’S REPORT
YEAR ENDED 30 NOVEMBER 2021
eee
| report to the trustees of Newstart, charity number 1077664, on the accounts for the year ended 30 November 2021 which are set out on pages 4 to 11.
Responsibilities and basis of report
| report to the trustees on my examination of the accounts of the above charity for the year ended 30 November 2021. .
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
| report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: ® accounting records were not kept in accordance with section 130 of the Act or e the accounts do not accord with the accounting records | have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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Signed: es { + | ) |
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Date: 3 October 2022
Mrs Sue Hall ACA Peach & Co, Chartered Accountants 115 Byrkley Street Burton on Trent Staffordshire DE14 2EG
Page 4
NEWSTART RECEIPTS AND PAYMENTS ACCOUNT - THE CHARITY FOR THE YEAR ENDED 30 NOVEMBER 2021
___g.
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|---|---|---|---|---|---|---|---|
|Notes|Unrestricted|Restricted|Total|Total|
|Funds|Funds|2021|2020|
|E|E|£|£|
|Receipts|
|Receipts|1|98,122|0|98,122|71,824|
|Total|Receipts|98,122|0|98,122|71,824|
|Payments|
|Management &|administration|2|73,228|0|73,228|66,263|
|Charitable|Payments|3|715|0|715|2,068|
|73,943|0|73,943|68,331|
|Assets|purchased|0|0|0|¢)|
|Total|Payments|73,943|0|73,943|68,331|
|Total|net|receipts/(expenditure)|24,179|0|24,179|3,493|
|Cash funds|at|1|December 2020|46,688|0|46,688|43,195|
|Cash funds|at 30 November 2021|70,867|0|70,867|46,688|
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Page 5
NEWSTART STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 30 NOVEMBER 2021
| Notes | Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | 2021 | 2020 | ||
| £ | £ | £ | £ | ||
| Cash Funds | |||||
| Bank Accounts | |||||
| Head Office | 45,840 | 0 | 45,840 | 36,408 | |
| Horninglow Stapenhill Winshill |
17,996 1,952 3,177 |
0 0 0 |
17,996 1,952 STZ |
6,709 1,770 1,775 |
|
| Cash in Hand | |||||
| Head Office | 0 | 0 | 0 | 0 | |
| Horninglow | 1,112 | 0 | 1,112 | 3 | |
| Stapenhill | 350 | 0 | 350 | 0 | |
| Winshill | 440 | 0 | 440 | 23 | |
| Total as at30November2021 | 70,867 | 0 | 70,867 | 46,688 | |
| Assets retained forthe Charity's own use | 0 | 0 | 0 | 0 | |
| Current Assets | |||||
| Recoverable PAYE penalties | 2,230 | 0 | 2,230 | 1,130 | |
| Current Liabilities | |||||
| PAYE payable | 1,877 | 0 | 1,877 | 0 | |
| Payroll processing fees | 960 | 0 | 960 | 0 | |
| Book-keeping fees | 600 | 0 | 600 | 0 | |
| Independentexaminers fees | 600 | 0 | 600 | 0 | |
| 4,037 | 0 | 4,037 | 0 |
Approved by the Trustees and signed on their behalf by: Ron Anderton ; Y : . Pam Kyles KE:Fle.)
Dated: 3 October 2022
Page 6
NEWSTART NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021
| General | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | 2021 | 2020 | ||
| £ | £ | £ | £ | ||
| 1 | Receipts | ||||
| Sales ofdonated goods | 58,911 | 0 | 58,911 | 32,036 | |
| Collections | 2,202 | 0 | 2,202 | 9,788 | |
| Deposit account interest | 0 | 0 | 0 | 0 | |
| Grants received | 37,009 | 0 | 37,009 | 30,000 | |
| 98,122 | 0 | 98,122 | 71,824 | ||
| General | Restricted | Total | Total | ||
| Funds | Funds | 2021 | 2020 | ||
| £ | £ | £ | £ | ||
| 2 | Management and Administration | ||||
| Wages | 46,133 | 0 | 46,133 | 31,253 | |
| Rentand water rates | 18,041 | 0 | 18,041 | 16,237 | |
| Heatand light | 1,880 | 0 | 1,880 | 3,866 | |
| Insurance | 934 | 0 | 934 | 311 | |
| Waste bins | 958 | 0 | 958 | 1,119 | |
| Telephone | 1,246 | 0 | 1,246 | 1,259 | |
| Repairs | 1,310 | 0 | 1,310 | 5,062 | |
| Postand stationery | 166 | 0 | 166 | 399 | |
| Refreshments | 112 | 0 | 112 | 132 | |
| Cleaning materials | 89 | 0 | 89 | 2,053 | |
| Accountancy | 240 | 0 | 240 | 0 | |
| PAYE penalties | 1,100 | 0 | 1,100 | 1,130 | |
| Travel | 0 | 0 | 0 | 0 | |
| Leasing | 0 | 0 | 0 | 2,000 | |
| Welfare | 280 | 0 | 280 | 1,195 | |
| Gifts and sundry | 739 | 0 | 739 | 0 | |
| Reburbishments | 0 | 0 | 0 | 247 | |
| 73,228 | 0 | 73,228 | 66,263 | ||
| General | Restricted | Total | Total | ||
| Funds | Funds | 2021 | 2020 | ||
| £ | £ | £ | £ | ||
| 3 | Charitable Payments | ||||
| Grants paid out | 715 | 0 | 715 | 2,068 | |
| 715 | 0 | 715 | 2,068 |
Page 7
NEWSTART RECEIPTS AND PAYMENTS ACCOUNT - HEAD OFFICE YEAR ENDED 30 NOVEMBER 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| SALES OF DONATED GOODS | 0.00 | 0.00 | ||
| Add: Collections |
2202.00 | 9788.00 | ||
| Deposit account interest | 0.00 | 0.00 | ||
| Grant received | 0.00 | 0.00 | ||
| 2202.00 | 9788.00 | |||
| 2202.00 | 9788.00 | |||
| EXPENSES | ||||
| Wages | 0.00 | 4581.00 | ||
| Rentand water rates | 0.00 | 9160.00 | ||
| Heatand light | 0.00 | 0.00 | ||
| Insurance | 0.00 | 311.00 | ||
| Waste bins | 0.00 | 0.00 | ||
| Telephone | 138.00 | 0.00 | ||
| Repairs | 298.00 | 4295.00 | ||
| Post and stationery | 97.00 | 247.00 | ||
| Refreshments | 0.00 | 0.00 | ||
| Cleaning materials | 0.00 | 1997.00 | ||
| Accountancy | 240.00 | 0.00 | ||
| PAYE penalties | 1100.00 | 0.00 | ||
| Travel | 0.00 | 0.00 | ||
| Leasing | 0.00 | 2000.00 | ||
| Welfare | 0.00 | 1195.00 | ||
| Gifts and sundry | 400.00 | 0.00 | ||
| Reburbishments | 0.00 | 247.00 | ||
| Charitable activities | 715.00 | 950.00 | ||
| 2988.00 | 24983.00 | |||
| NETMOVEMENTFORTHE YEAR | (786.00) | (15195.00) | ||
| Transfers between shops and head office | ||||
| Head office | 0.00 | 0.00 | ||
| Horninglow | (9680.00) | 9000.00 | ||
| Stapenhill | 2039.00 | 500.00 | ||
| Winshill | 17859.00 | 8500.00 | ||
| 9432.00 | 2805.00 | |||
| Funds at 1 December2020 |
36408.00 | 33603.00 | ||
| Fundsat30November2021 | 45840.00 | 36408.00 |
Page 8
NEWSTART RECEIPTS AND PAYMENTS ACCOUNT - HORNINGLOW YEAR ENDED 30 NOVEMBER 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| SALES OF DONATED GOODS | 18996.00 | 13826.00 | ||
| Add: Collections |
0.00 | 0.00 | ||
| Deposit account interest | 0.00 | 0.00 | ||
| Grant received | 12337.00 | 10000.00 | ||
| 12337.00 | 10000.00 | |||
| 31333.00 | 23826.00 | |||
| EXPENSES | ||||
| Wages | 19312.00 | 4031.00 | ||
| Rent and water rates | 7503.00 | 3955.00 | ||
| Heatand light Insurance |
654.00 338.00 |
2030.00 0.00 |
||
| Waste bins | 0.00 | 9.00 | ||
| Telephone | 159.00 | 440.00 | ||
| Repairs | 340.00 | 70.00 | ||
| Postand stationery | 56.00 | 99.00 | ||
| Refreshments | 12.00 | 41.00 | ||
| Cleaning materials | 21.00 | 42.00 | ||
| Accountancy | 0.00 | 0.00 | ||
| PAYE penalties | 0.00 | 1130.00 | ||
| Travel | 0.00 | 0.00 | ||
| Leasing | 0.00 | 0.00 | ||
| Welfare | 112.00 | 0.00 | ||
| Gifts and sundry | 110.00 | 0.00 | ||
| Reburbishments | 0.00 | 0.00 | ||
| Charitable activities | 0.00 | 0.00 | ||
| 28617.00 | 11847.00 | |||
| NET MOVEMENT FORTHE YEAR | 2716.00 | 11979.00 | ||
| Transfers between shops and head office | ||||
| Head office | 9680.00 | (9000.00) | ||
| Horninglow | 0.00 | 0.00 | ||
| Stapenhill | 0.00 | 0.00 | ||
| Winshill | 0.00 | 0.00 | ||
| 12396.00 | 2979.00 | |||
| Funds at 1 December2020 |
6712.00 | 3733.00 | ||
| Fundsat30November2021 | 19108.00 | 6712.00 |
Page 9
NEWSTART RECEIPTS AND PAYMENTS ACCOUNT - STAPENHILL YEAR ENDED 30 NOVEMBER 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| SALES OF DONATED GOODS | 15671.00 | 7917.00 | ||
| Add: Collections |
0.00 | 0.00 | ||
| Deposit account interest | 0.00 | 0.00 | ||
| Grant received | 12336.00 | 10000.00 | ||
| 12336.00 | 10000.00 | |||
| 28007.00 | 17917.00 | |||
| EXPENSES | ||||
| Wages | 16578.00 | 14112.00 | ||
| Rent and water rates | 6216.00 | 1563.00 | ||
| Heat and light | 855.00 | 910.00 | ||
| Insurance | 298.00 | 0.00 | ||
| Waste bins | 458.00 | 537.00 | ||
| Telephone | 584.00 | 449.00 | ||
| Repairs | 116.00 | 56.00 | ||
| Post and stationery | 0.00 | 0.00 | ||
| Refreshments | 40.00 | 41.00 | ||
| Cleaning materials | 35.00 | 14.00 | ||
| Accountancy | 0.00 | 0.00 | ||
| PAYE penalties | 0.00 | 0.00 | ||
| Travel | 0.00 | 0.00 | ||
| Leasing | 0.00 | 0.00 | ||
| Welfare | 112.00 | 0.00 | ||
| Gifts and sundry | 144.00 | 0.00 | ||
| Reburbishments | 0.00 | 0.00 | ||
| Charitable activities | 0.00 | 25.00 | ||
| 25436.00 | 17707.00 | |||
| NET MOVEMENT FORTHE YEAR | 2571.00 | 210.00 | ||
| Transfers between shops and head office | ||||
| Head office | (2039.00) | (500.00) | ||
| Horninglow | 0.00 | 0.00 | ||
| Stapenhill | 0.00 | 0.00 | ||
| Winshill | 0.00 | 0.00 | ||
| 532.00 | (290.00) | |||
| Funds at 1 December2020 |
1770.00 | 2060.00 | ||
| Fundsat30November2021 | 2302.00 | 1770.00 |
Page 10
NEWSTART RECEIPTS AND PAYMENTS ACCOUNT - WINSHILL YEAR ENDED 30 NOVEMBER 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| SALES OF DONATED GOODS | 24244,00 | 10293.00 | ||
| Add: Collections |
0.00 | 0.00 | ||
| Deposit account interest | 0.00 | 0.00 | ||
| Grant received | 12336.00 | 10000.00 | ||
| 12336.00 | {0000.00 | |||
| 36580.00 | 20293.00 | |||
| EXPENSES | ||||
| Wages | 10243.00 | 8529.00 | ||
| Rent and water rates | 4322.00 | 1559.00 | ||
| Heat and light | 371.00 | 926.00 | ||
| Insurance | 298.00 | 0.00 | ||
| Waste bins | 500.00 | 573.00 | ||
| Telephone | 365.00 | 370.00 | ||
| Repairs | 556.00 | 641.00 | ||
| Post and stationery | 13.00 | 53.00 | ||
| Refreshments | 60.00 | 50.00 | ||
| Cleaning materials | 33.00 | 0.00 | ||
| Accountancy | 0.00 | 0.00 | ||
| PAYE penalties | 0.00 | 0.00 | ||
| Travel | 0.00 | 0.00 | ||
| Leasing | 0.00 | 0.00 | ||
| Welfare | 56.00 | 0.00 | ||
| Gifts and sundry | 85.00 | 0.00 | ||
| Reburbishments | 0.00 | 0.00 | ||
| Charitable activities | 0.00 | 1093.00 | ||
| 16902.00 | 13794.00 | |||
| NET MOVEMENT FORTHE YEAR | 19678.00 | 6499.00 | ||
| Transfers between shops and head office | ||||
| Head office | (17859.00) | (8500.00) | ||
| Horninglow | 0.00 | 0.00 | ||
| Stapenhill | 0.00 | 0.00 | ||
| Winshill | 0.00 | 0.00 | ||
| 1819.00 | (2001.00) | |||
| Funds at 1 December 2020 |
1798.00 | 3799.00 | ||
| Fundsat30November2021 | 3617.00 | 1798.00 |
Page 11