Peach&Co. Chartered Accountants & Business Advisers
NEWSTART
Report of the Trustees &
Financial Statements for the Year Ended 30 November 2022
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
NEWSTART
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022
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|---|---|---|---|---|
|Page|
|Legal|and|Administrative|Information|i|
|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|7|
|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 2022
| Charity Number: | 1077664 |
|---|---|
| Trustees: | Mr Ronald Anderton |
| Mrs Pam Kyles | |
| Contactaddress: | 15 Ridgeway Road |
| Burton on Trent | |
| Staffordshire | |
| DE15 9PY | |
| Independent Examiner: | Mrs Sue Hall |
| Peach & Co. | |
| Chartered Accountants | |
| 115 Byrkley Street | |
| Burton on Trent | |
| DE142EG |
Page 1
Charity registration number 1077664
1 December 2021 to 30 November 2022 In the community for the community
Mission statement
To reach into the community with the love of Jesus, seeking to
help relieve poverty whilst promoting the Christian faith
As | mentioned in my previous report we expected that this year we would have some very difficult decisions to make regarding the future direction in which Newstart should proceed as a viable charity/entity.
The main problem we had to overcome was the state of our payroll system. We had been badly let down by our accountant and despite many e-mails and phone calls to them we were left in “limbo” without any guidance or service. Pam and | realised the seriousness of the situation and we agreed that the only path open to us was to appoint a new accountant. We then approached Peach and Co. for their assistance to help sort out our predicament. They were highly professional and managed to contact HMRC and sort out our problem. This was not any easy task for them but they were able to get us back on track. Our heartfelt thanks go to the staff of Peach and Co. for their guidance and expertise.
As the date of our lease termination approached for the Winshill premises we were contacted by the landlord’s management agents regarding the lease renewal. We both found that the new proposed lease was unacceptable because it proposed a huge increase in the rent payable and also some additional clauses which would have caused us considerable additional expense. Had we agreed the new arrangements it would have made the shop unviable and so reluctantly we decided not to renew the lease on the new proposed terms. It seemed to us that the only course of action open to us was to close the Winshill shop. We were then approached by the shop manager who suggested that if she could form a new community-based management committee they would like to take over the premises and trade as a new independent community outlet. After much deliberation and many meetings it was agreed that they would purchase from us the fixtures and fittings and continue the community work under new ownership and management. This agreement ensured the continued presence of a community shop in the Winshill area which we felt was vitally important. We wish the new management and committee all the best for the future.
As the lease for the Stapenhill premises would be coming to an end in February 2023, |
Page 2
contacted the landlord’s management agents to enquire whether the Stapenhill lease, when it came up for renewal, would carry the same rent increases and additional clauses as the Winshill lease. They said that it would and so we decided that this shop would again be unviable and so we reached the difficult decision that when this lease expires we would have to close this shop as well.
As trustees of Newstart both Pam and | who are now in our mid-70s have found it a very difficult and trying time. The situation over the past years has taken its toll on our “stress levels” and we feel that after almost 30 years of running Newstart we feel that this is the right time to “let go”. Over the past few months we have asked others if they would be interested in taking over from us and keep Newstart going but we are unable to find anyone or any organisation willing to do so.
We are thankful that Newstart is in a secure financial position which will enable us to meet all our financial responsibilities should we close the charity.
Pam and | would like to thank all of the people past and present who have been involved with the Newstart project especially the shop managers and all the volunteers who have given up their time to serve in their respective communities.
In the Lord we Trust.
Signed by Ron Anderton ( On Behalf of the Trustees}
Dated 24 August 2023
Page 3
NEWSTART
INDEPENDENT EXAMINER’S REPORT
YEAR ENDED 30 NOVEMBER 2022
| report to the trustees of Newstart, charity number 1077664, on the accounts for the year ended 30 November 2022 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 2022.
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.
Signed:
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< _ ee>ptt) WwW
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Date: 24 August 2023
Mrrs 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 2022
i
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Notes|Unrestricted|Restricted|Total|Total|
|Funds|Funds|2022|2021|
|£|£|£|£|
|Receipts|
|Receipts|1|71,220|0|71,220|98,122|
|Total|Receipts|71,220|0|71,220|98,122|
|Payments|
|Management & administration|2|71,120|0|71,120|73,228|
|Charitable|Payments|3|2,600|0|2,600|715|
|73,720|0|73,720|73,943|
|Assets|purchased|0|0|0|0|
|Total|Payments|73,720|0|73,720|73,943|
|Total|net|receipts/(expenditure)|-2,500|0|-2,500|24,179|
|Cash|funds|at|1|December 2021|70,867|0|70,867|46,688|
|Cash funds at 30|November 2022|68,367|0|68,367|70,867|
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Page 5
NEWSTART STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 30 NOVEMBER 2022
| Notes | Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | ||
| £ | £ | £ | £ | ||
| Cash Funds | |||||
| Bank Accounts | |||||
| Head Office | 34,668 | 0 | 34,668 | 45,840 | |
| Horninglow | 29,905 | 0 | 29,905 | 17,996 | |
| Stapenhill | 3,087 | 0 | 3,087 | 1,952 | |
| Winshill | 0 | 0 | 0 | 3,177 | |
| Cash in Hand | |||||
| Head Office | 0 | 0 | 0 | 0 | |
| Horninglow | 557 | 0 | 557 | 1,112 | |
| Stapenhill Winshill |
150 0 |
0 0 |
150 0 |
350 440 |
|
| Total as at 30 November2022 | 68,367 | 0 | 68,367 | 70,867 | |
| Assets retained fortheCharity's own use | 0 | 0 | 0 | 0 | |
| Current Assets | |||||
| Recoverable PAYE penalties | 2,330 | 0 | 2,330 | 2,230 | |
| Current Liabilities | |||||
| PAYE and pension payable | 2,187 | 0 | 2,187 | 1,877 | |
| Payroll processing fees | 52 | 0 | 52 | 960 | |
| Book-keepingfees | 600 | 0 | 600 | 600 | |
| Independentexaminers fees | 600 | 0 | 600 | 600 | |
| 3,439 | 0 | 3,439 | 4,037 |
Approved by the Trustees and signed on their behalf by: Ron Anderton kbs —
Pam Kyles ALE 5
Page 6
Dated: 24 August 2023
NEWSTART NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022
| General | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | ||
| £ | £ | £ | £ | ||
| 1 | Receipts | ||||
| Sales ofdonated goods | 68,233 | 0 | 68,233 | 58,911 | |
| Collections | 2,687 | 0 | 2,687 | 2,202 | |
| Deposit account interest | 0 | 0 | 0 | 0 | |
| Grants received | 300 | 0 | 300 | 37,009 | |
| 71,220 | 0 | 71,220 | 98,122 | ||
| General | Restricted | Total | Total | ||
| Funds | Funds | 2022 | 2021 | ||
| £ | £ | £ | £ | ||
| 2 | Managementand Administration | ||||
| Wages | 45,975 | 0 | 45,975 | 46,133 | |
| Rentand water rates | 14,743 | 0 | 14,743 | 18,041 | |
| Heat and light | 2,601 | 0 | 2,601 | 1,880 | |
| Insurance | 446 | 0 | 446 | 934 | |
| Waste bins | 950 | 0 | 950 | 958 | |
| Telephone | 1,185 | 0 | 1,185 | 1,246 | |
| Repairs | 72 | 0 | 72 | 1,310 | |
| Post and stationery | 480 | 0 | 480 | 166 | |
| Refreshments | 226 | 0 | 226 | 112 | |
| Cleaning materials | 154 | 0 | 154 | 89 | |
| Accountancy | 2,646 | 0 | 2,646 | 240 | |
| PAYE penalties | 0 | 0 | 0 | 1,100 | |
| Travel | 35 | 0 | 35 | 0 | |
| Bank charges | 212 | 0 | 212 | 0 | |
| Welfare | 318 | 0 | 318 | 280 | |
| Gifts and sundry | 1,077 | 0 | 1,077 | 739 | |
| Reburbishments | 0 | 0 | 0 | 0 | |
| 71,120 | 0 | 71,120 | 73,228 | ||
| General | Restricted | Total | Total | ||
| Funds | Funds | 2022 | 2021 | ||
| £ | £ | £ | £ | ||
| 3 | Charitable Payments | ||||
| Grants paid out | 2,600 | 0 | 2,600 | 715 | |
| 2,600 | 0 | 2,600 | 715 |
Page 7
NEWSTART RECEIPTS AND PAYMENTS ACCOUNT - HEAD OFFICE YEAR ENDED 30 NOVEMBER 2022
| £ | 2022 £ |
£ | 2021 £ |
|
|---|---|---|---|---|
| SALES OFDONATEDGOODS | 0.00 | 0.00 | ||
| Add: Collections |
2687.00 | 2202.00 | ||
| Deposit account interest | 0.00 | 0.00 | ||
| Grant received | 300.00 | 0.00 | ||
| 2987.00 | 2202.00 | |||
| 2987.00 | 2202.00 | |||
| EXPENSES | ||||
| Wages | 0.00 | 0.00 | ||
| Rent and water rates | 0.00 | 0.00 | ||
| Heat and light | 0.00 | 0.00 | ||
| Insurance | 0.00 | 0.00 | ||
| Waste bins | 0.00 | 0.00 | ||
| Telephone | 0.00 | 138.00 | ||
| Repairs | 0.00 | 298.00 | ||
| Post and stationery Refreshments |
344.00 0.00 |
97.00 0.00 |
||
| Cleaning materials | 0.00 | 0.00 | ||
| Accountancy | 2646.00 | 240.00 | ||
| PAYE penalties | 0.00 | 1100.00 | ||
| Travel | 0.00 | 0.00 | ||
| Bankcharges | 57.00 | 0.00 | ||
| Welfare | 0.00 | 0.00 | ||
| Giftsand sundry | 650.00 | 400.00 | ||
| Reburbishments | 0.00 | 0.00 | ||
| Charitable activities | 1700.00 | 715.00 | ||
| 5397.00 | 2988.00 | |||
| NETMOVEMENT FORTHEYEAR | (2410.00) | (786.00) | ||
| Transfers between shops and head office | ||||
| Head office | 0.00 | 0.00 | ||
| Horninglow Stapenhill Winshill |
(8872.00) (5061.00) 5171.00 |
(9680.00) 2039.00 17859.00 |
||
| (11172.00) | 9432.00 | |||
| Funds at 1 December2021 |
45840.00 | 36408.00 | ||
| Fundsat30November2022 | 34668.00 | 45840.00 |
Page 8
NEWSTART RECEIPTS AND PAYMENTS ACCOUNT - HORNINGLOW YEAR ENDED 30 NOVEMBER 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| SALESOF DONATEDGOODS | 29749.00 | 18996.00 | ||
| Add: Collections |
0.00 | 0.00 | ||
| Deposit account interest | 0.00 | 0.00 | ||
| Grant received | 0.00 | 12337.00 | ||
| 0.00 | {2337.00 | |||
| 29749.00 | 31333.00 | |||
| EXPENSES | ||||
| Wages | 18666.00 | 19312.00 | ||
| Rentand water rates | 6386.00 | 7503.00 | ||
| Heatand light | 1228.00 | 654.00 | ||
| Insurance | 223.00 | 338.00 | ||
| Waste bins | 0.00 | 0.00 | ||
| Telephone | 354.00 | 159.00 | ||
| Repairs | 0.00 | 340.00 | ||
| Postand stationery | 105.00 | 56.00 | ||
| Refreshments | 38.00 | 12.00 | ||
| Cleaning materials | 36.00 | 21.00 | ||
| Accountancy | 0.00 | 0.00 | ||
| PAYE penalties | 0.00 | 0.00 | ||
| Travel | 35.00 | 0.00 | ||
| Bank charges | 0.00 | 0.00 | ||
| Welfare | 112.00 | 112.00 | ||
| Gifts and sundry | 84.00 | 110.00 | ||
| Reburbishments | 0.00 | 0.00 | ||
| Charitable activities | 0.00 | 0.00 | ||
| 27267.00 | 28617.00 | |||
| NET MOVEMENT FOR THE YEAR | 2482.00 | 2716.00 | ||
| Transfers between shops and head office | ||||
| Head office | 8872.00 | 9680.00 | ||
| Horninglow | 0.00 | 0.00 | ||
| Stapenhill | 0.00 | 0.00 | ||
| Winshill | 0.00 | 0.00 | ||
| 11354.00 | 12396.00 | |||
| Funds at 1 December 2021 |
19108.00 | 6712.00 | ||
| Fundsat30November2022 | 30462.00 | 19108.00 |
Page 9
NEWSTART
RECEIPTS AND PAYMENTS ACCOUNT - STAPENHILL YEAR ENDED 30 NOVEMBER 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| SALES OF DONATED GOODS | 22097.00 | 15671.00 | ||
| Add: Collections |
0.00 | 0.00 | ||
| Deposit account interest | 0.00 | 0.00 | ||
| Grant received | 0.00 | 12336.00 | ||
| 0.00 | 12336.00 | |||
| 22097.00 | 28007.00 | |||
| EXPENSES | ||||
| Wages | 16605.00 | 16578.00 | ||
| Rent and water rates | 6239.00 | 6216.00 | ||
| Heatand light | 1069.00 | 855.00 | ||
| insurance | 223.00 | 298.00 | ||
| Waste bins | 574.00 | 458.00 | ||
| Telephone | 652.00 | 584.00 | ||
| Repairs | 72.00 | 116.00 | ||
| Postand stationery | 21.00 | 0.00 | ||
| Refreshments | 87.00 | 40.00 | ||
| Cleaning materials | 98.00 | 35.00 | ||
| Accountancy | 0.00 | 0.00 | ||
| PAYE penalties | 0.00 | 0.00 | ||
| Travel | 0.00 | 0.00 | ||
| Bank charges | 155.00 | 0.00 | ||
| Welfare | 206.00 | 112.00 | ||
| Giftsand sundry | 222.00 | 144.00 | ||
| Reburbishments | 0.00 | 0.00 | ||
| Charitable activities | 0.00 | 0.00 | ||
| 26223.00 | 25436.00 | |||
| NETMOVEMENT FORTHEYEAR | (4126.00) | 2571.00 | ||
| Transfers between shops and head office | ||||
| Head office | 5061.00 | (2039.00) | ||
| Horninglow | 0.00 | 0.00 | ||
| Stapenhill | 0.00 | 0.00 | ||
| Winshill | 0.00 | 0.00 | ||
| 935.00 | 532.00 | |||
| Funds at 1 December 2021 |
2302.00 | 1770.00 | ||
| Fundsat30November2022 | 3237.00 | 2302.00 |
Page 10
NEWSTART RECEIPTS AND PAYMENTS ACCOUNT - WINSHILL YEAR ENDED 30 NOVEMBER 2022
| £ | 2022 £ |
£ | 2021 £ |
|
|---|---|---|---|---|
| SALES OFDONATEDGOODS | 16387.00 | 24244.00 | ||
| Add: Collections |
0.00 | 0.00 | ||
| Deposit account interest | 0.00 | 0.00 | ||
| Grant received | 0.00 | 12336.00 | ||
| 0.00 | 12336.00 | |||
| 16387.00 | 36580.00 | |||
| EXPENSES | ||||
| Wages | 10704.00 | 10243.00 | ||
| Rent and water rates | 2118.00 | 4322.00 | ||
| Heat and light | 304.00 | 371.00 | ||
| Insurance | 0.00 | 298.00 | ||
| Waste bins | 376.00 | 500.00 | ||
| Telephone | 179.00 | 365.00 | ||
| Repairs | 0.00 | 556.00 | ||
| Postand stationery | 10.00 | 13.00 | ||
| Refreshments | 101.00 | 60.00 | ||
| Cleaning materials | 20.00 | 33.00 | ||
| Accountancy | 0.00 | 0.00 | ||
| PAYE penalties | 0.00 | 0.00 | ||
| Travel | 0.00 | 0.00 | ||
| Bankcharges | 0.00 | 0.00 | ||
| Welfare | 0.00 | 56.00 | ||
| Giftsand sundry | 121.00 | 85.00 | ||
| Reburbishments | 0.00 | 0.00 | ||
| Charitable activities | 900.00 | 0.00 | ||
| 14833.00 | 16902.00 | |||
| NETMOVEMENT FORTHE YEAR | 1554.00 | 19678.00 | ||
| Transfers between shops and head office | ||||
| Head office Horninglow |
(5171.00) 0.00 |
(17859.00) 0.00 |
||
| Stapenhill | 0.00 | 0.00 | ||
| Winshiil | 0.00 | 0.00 | ||
| (3617.00) | 1819.00 | |||
| Funds at 1 December2021 |
3617.00 | 1798.00 | ||
| Fundsat30November2022 | 0.00 | 3617.00 |
Page 11