Charity Number 1092247 Reglstared Company Nurnber 04355047 NEW LIFE CHURCH NORTHAMPTON LTD FINANCIAL STATEMENTS AND REPORT FOR FINANCIAL YEAR ENDING 31 DECEMBER 2023
NEW LIFE CHURCH NORTHAMPTON LTD (A Company Limited by Guarantee) DIRECTOR'S ANNUAL REPORT Pagfr 1 LEGAL AND ADMINISTRATIVE INFORMATION Regi8ter8d Charlty No: 1092247 Rogistsrad Company No; 04355047 Previously known as: Kingdon Life Church Govornlng Documont: Memorandum & Article of Association Regist8rnd Offic•: 9 Tower Street Mayorhold Northampton Northamptonshire NN12SN Diroctorn and Trusteeg: Stephen Flannagan Martin Kedian Paul Worth Company Secretary: Lee Smart Bankers: Lloyds Bank Indepèndent Examinor: Brenda Peers-Ross 29 Drift Road Selsey Chichester West Sussex P020 OPW
NEW LIFE CHURCH NORTHAMPTON LTD (A Company Llmitsd by Guarantee) DIRECTOR'S ANNUAL REPORT Page 2 STRUCTURE, GOVERNANCE AND MANAEMENT Goveming document Th8 charity is controlled by its governing docurnent, a deed of trust, and Gonstttutes a limited company, limited by guarantep, as defined by the Companies Act 2006. The Church has formally changed its name from Kingdom Life Church to New Lrfe Church Northampton Ltd. Recruitment and appointment of new trustees The trusl8esldirectors are selected from the leadership of New Life Church. During 2023 Jonathan Canning stepped down from his role as secretary of the charity and Lee Smart has been appointed as his replacement. Oryanlsational 8truclurn Th8 board of trustees, delegate much of the day-ttrday management to employed 8taff and volunteers. Senlor manag8r8 have responsibility for overseeing nearly all of the church's activities under the guidance and Instruction of the trustees. A staff remunerations sub- committee is responsible for recommending pay awards et¢. for individual members of staff. The trustees receive monthly written reports from the senior manag8ment team. These include financial reports. Where actions or decisions are needed on an ongoing basis these are made by the trustees, but most of the bu8iness is carried out at the quarterly trustees meetin9. Inductlon and training of new trustees As leaders of the church new trustees already have a significant understanding of the governance of the Church, but additional induction is given on an individual basis by one of the existing trustees. Staff Pay None of the paid staff take part in the final decisions regarding salaries. Additional Charlly Work Paul Worth has stepped down from his role as a trustee for the Northarnpton Street Pastors but is continuing in his role as a trustee of Towcester Hub Church. Paul Worth is a trustee of Kingdom Life Church Ministry Uganda - a Uganda NGO- registration No. 12683. The work is a mission of New Lrfe Church Northampton (Kingdom Life Church) but has its own charity status in Uganda. NLC Northampton supports this work giving monies from central funds and processing funds from other donors. Paul receives no remuneration from Kingdorn Life Church Ministry Uganda.
NEW LIFE CHURCH NORTHAMPTON LTD (A Company Limited by Guarants•) DIRECTOR'S ANNUAL REPORT Pag8 3 Objectlvès and Activiti88 The principal objectives of the charity are: i) To promote the advancement of Christianity: ii) To r8li8ve people in n88d by the provision of food, money clothes or oth8r items including housing accommodation: iii) To promote the advancement of education n the basis of Christian principles. Achiav8m•nt and Perfornianc Vlslon and values Our vision remains to pursue God and to reach and impact our local community and beyond with Christian love and truth. We continue to be committed to our ongoing associations and links with other churches, groups, and movements, both in th8 UK, and in other countries. Church Summary Both church sites at Sl Crispin and the Town Centre continue to grow in numbers. New people have come in through a combination of a good media presence, faithfully promoting Christian values, and outreach work into the community. The church continues to fulfil its objectives and aims through various means such as, a conference weekend, regular Sunday seNices, midweek small groups, prayer rneetings. We also support people by offering prayer and guidance when requested. Livlng Grace Church We have been approached by the leadership of Living Grace Church in Northampton who have asked if they can explore the possibility of becoming a third site of New Life Church Northamplon. Two of their leaders have begun meeting monthly with our team as we seek to build relationship, and we expect to follow this with a series of meetings with the congregation to gauge reaclion. If this process goes well, we anticipate that we will adopt LGC during the course of 2024. Stafflng We have a settled team which is functioning well and enabling the church to fulfil its charitable objeclives and ensuring the smoothing running of operations. Over8ite Our ongoing connections with the New Frontiers Catalyst Network of Churches is our primary source of spiritual and practical oversite and continues to be of great benefit. We regularly access conferences and training for different areas of ministry. The senior pastor has regular ontact. with other church leaders in that nthork and this has been a va.5uable support and source of encouragemont and advicé during the year.
NEW LIFE CHURCH NORTHAMPTON LTD (A Company Llmited by Guarantse) DIRECTOR'S ANNUAL REPORT Page 4 Community work and Mission The Ghurch is reaching out to the local communities every week though. youth work, parent toddler groups, well-being cafes, and schools work including mentoring sessions through TLG (Transforming Lives for Good) and regular assemblies. We also have other events through the year such as children's holiday clubs, Christmas Carol sep4ices etc. We continue to work with other local groups and charities such as, Silhouette performing arts group. Springs Famity Centre. and Street Pastors Northampton. We support a mission in Uganda giving. finance, advice, practical help, and prayer. The work in continues to thrive with a Ugandan team taking responsibility for the project. We are planning to visit the work in 2024. The church has also responded to local needs through the Hardship Fund 8UPPOrtlng people in financial need. Activities: How our activiti•s dollver publlc benefit. Rellglous Activiti05 Kingdom Life Church provides Sunday morning, Christian services every week. This happens al both the Town cent building and the Comrnunity Centre at St Crispin. These services focus on worship, prayer and the preaching of God's word. All are welcome to these servic8S whether they already folloiv the Christian faith or not. During the Sunday moining services we run children and youth work where children and teenagers will learn more about the Christian faith and encouraged to encounter God in their lives through prayer, reading of scripture and the work of the Holy Spirit. Community activities Our building and rooms are available for use by local groups and organisations. For example, a young people's performing arts chanty, English language Glasses, and a charity supporting ex-offenders are regular users. An after-school club runs every Monday for children from the local school to attend. There are lots of games and equipment for them to use as well as a providing snacks and drinks. Once a month al St Crispin a communty youth club runs on a Monday and is open to children from school year 5 up'wards.
NEW LIFE CHURCH NORTHAMPTON LTD (A Company Limited by Guarantee) DIRECTOR'S ANNUAL REPORT Page 5 Well-being cafes run at Town Centre and St Crispin. This work provides a warm and welcoming environment primarily for those that are suffering loneliness and isolation, but they are open to all. We have seen significant growlh in the use of these this year. Refreshments and snacks are available for free or a donation can be given. Pants and tots groups run at both Town centre and St Crispin providing a place for parents of pre-school childr8n lo meet together and a place for the children to play and socialise. Financial Raview The church has seen a healthy increase in income this year. We have accornplished our goal of increasing our reseNes to £46k, however, this will require a review as expenditure will have increased requiring us to carry great reserves. Total funds carried for¥vard as at 31 st December 2023 are £591,608 of which £481,184 are restricted. Risk Management The Tfustees r8gularly review risk a88888menls undertaken by them or for them for the varlous church aclivities and groups using the facilities provided. Policies are regularly ieviewed and updated as necessary. Appropriate insurance cover is in place for Public Liability and protection of property and money. Trustees, staff, and volunteers receive appropriate S8f8guarding training and are DBS checked where required. R080rves Policy The Directors have decided to make reserves that equate to 3 months operating costs. These are held in a separats savings account (The Aldernore Account) and this has al least £45,000 in rt, which meets the 3 months operaling cost r8quir8m8nt. Public Benefit All the many and varied activities of the Trust described in this report are available to, and for the benefit of, the public across all age groups: children, teenagers and adults. The development and improvement of the church building and its central location in Northampton town increases the scope of activits'es that the Trust is able to provide to benefit the local and wider community, The merger of Kingdom Life Church and Forefront Church this year has further enhanced the Trust's ability to offer support to a wider community namely the community of St Crispin in the West of Northamplon. The Directors believe that the Trust full complies with the requir8rnents of the Charities Act 2011 wilh respect to public benefit.
NEW LIFE CHURCH NORTHAMPTON LTD (A Company Llmlt•d by Guarantsel DIRECTOR'S ANNUAL REPORT Page 6 Trusteesldlrectors responsibility in relation to the financial statements. The charty trusteesldiredors are responsible for preparing a trusteesldirectorfs annual report and financial statements in accordance with applicable law and United Kingdoim Accounting Standards (United Kingdom Generally Accepted Accounting Policies). Th8 law applicable to charities in England and Wales requires the charity trustees to prepare financi81 statements for each year which gives a true and fair view of the state of affairs of the charty and of the incoming resources and applicable resources, of the charity for the period in preparing the financial statements, the trustees are required to: Select suitable accounting policies and then apply them consistently. ObseNe the methods and principles in the applicable Charitie8 SORP., Make judgments and estimates thal are reasonable and prudent. State whether applicable accounting standards have been followed, Bubject to any material departures that must be disclosed and explained in the financial statements. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records and disclose with reasonable accuracy at any time the financial p08ition of the charty and to enable them to ensure that the financial statements comply with the Charities Act 2011 and the Companies Act 2006 and the applicable Charity's (Accounts and Reports) Regulations. They are also responsible for safeguarding the assets of the charitable company and taking reasonable Steps for the prevention and detection of fraud and other irregularities. The trustees confirm that to the best of their knowledge there is no information relevant to the Independent Examination of which the Examiner is unaware. The trusteesldirectors also confinn that they have tsken all necessary steps to ensure that they themselves are aware of all relevant financial infomiation and that this information has been communicated to tha Examiner. Presented and approved by the Board of Trustees at a meeting held on 2nd October 2024 and signed on their beha. Paul Worth Trusteel Director
Brenda Peers-Ros8 29 Drift Road Selsey Chichester West Sussex P020 OPW Independent Examiner's Report to the Trustees of: NEW LIFE CHURCH NORTHAMPTON LTD Registered Charlty Number: 1092247 I report on the accounts of the company for the year ended 318t December 2023, which are sat out on the attached pages 8 to 15. R•SetiVe rnsponsibilities of tru8ta08 and examln•r The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under Part 16 of the Companies Act 2006 (the Act) and that an independent examination is needed. Page 7 Having satisfied myself that the company is not subject to an audit under company law and 18 eligible for independent examination, it is my responsibility to: examine the accounts under section 145 of the Charities Act 2011: follow the procedures laid down in the general Directions given by Ihe Charity Commission (under section 145(5)(b) of the Act, as amended,. and state whether matters have com8 to my attention. Ba81s of Ind•p•nd•nt •xamin•rf• 8tat•m8nt My examination was carried out in accordance with general Dlrections given by the Charity Commission. An examination includè8 8 revi8w of the accounting records kept by the charity and comparison of the accounts presented with those records, It also includes consideration of any unusual items or disclosures of the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all Ihe evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view," and the report is limited to those matters set out in the statement below. Ind•pondent Examln•r'8 Statemont I have completed my examination. I confirm that no matters have come to my attention in connection with the examinats'on giving me cause to believe that in any material respect.. accounting records were not kept in aOrdanCe with the Companies section 386 of the 2006 Act.. or the accounts do not accord with these records.. or the accounts do not comply with the accounting requlrements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination: or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance wsth the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102). Brenda Peers-RcY6s FMMT, ACIE 281h October 2024
New Life Church Northampton Ltd (A Company LinJil&d By GuaTrntee) Page 8 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 st DECEMBER 2023 Notes UnrestriGled Restricted Totsl 2023 Unrestrlctéd Restrlcted Total 2022 Inci)m¥ and ondowments from: Donations and legacies Charitable adivities Other trading adivities Investment income Total Income and endowments 226,971 11,038 238,009 247,435 112,589 360,024 28,054 1,071 31,456 57,510 1 ,071 296.590 14,999 42,332 57,331 42,494 262,434 154,921 417.355 Expendilur¢ on.. Charitable activities Support wsts Total Expendltur• 222.671 70.499 293,170 50,062 8,358 58M20 272,733 78,857 351,590 143,392 87,304 230,696 78,217 10.058 88,275 221,609 97,362 318.971 Net Inrmming r•source8 beforn transfor betsveen funds Transfer b8tW88n funds (39 n74) 115 9?8) 155,000> 31.738 66,646 4.740 4,740 11,275 11,275 Net movemont in fund¥ {43,814) 111.1861 (5S,000) 20,463 77,921 98,383 Tolal funds brought foard Total funds carrlod foThvard 154,238 110.424 492,370 848,608 591 608 133,775 154.238 414,449 492,370 S48,224 846,608 All income and expendllure derfve from continuing activitleS. The statellnI finanCial81VatoS is incoOra'ng the incom8 and 8xp8nditure a¢unIS and inGlude8 811 gaiTns and losses wognis8d during th8 year.
New Lifo Church Northampton Ltd (A Company Limited By Guaranlee) Page 9 BALANCE SHEEf AS AT 318t DECEMBER 2023 Com Number: 04355047 Notes UnTtricted Restricted Totsl 2023 Unrestricted RestrScted Totsl 2022 ASSETS: Flxed Assets 12 464,937 499,507 39,13Jf2 365,045 404,897 Current Assets Debtors Cash at Bank 13 17.071 61,483 78,554 17,071 77,730 94,801 5,891 104,791 110.682 5.891 240,886 246,777 16,247 16.247 136,095 136,095 Creditorn Amounts falling due within one year 14 2.700 2,700 5,066 (5,066) {5,066} {5,0661 Net Current As8ot8 Lo•8 Currnnt Llabllltle• 75.854 16,247 92,101 105.616 136,095 241,711 Net A8uts 110,424 481,184 591,608 145,488 501,140 046,608 Unre8trlctod Re•trlcted Total 2023 Unre•trlctsd Restrlct•d Total 2022 FUNDS Unrestricted and Designated Généi'al fiil)d Hardship Fund RostFiCted 15 106,290 4,134 142,378 11,860 142,373 11,860 492,370 646,608 4,134 481,184 591,608 15 481,184 481,184 492,370 492,370 110,424 154,238 For the year 8nding 318t Decembèr 2023, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 The members have not required the company to obtain an audit of its financial statements for the year ended 318t December 2023 In accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (i) ensuring that the charitable company keeps accounting record8 that comply wth Section 386 and 387 of the Compani88 Act 2006 and (lil preparing financial statements which give a true and fair view of the state of affairs of Ihe charitable company at the end of each financial year and of its surplus and deficii for each financial year in a¢cordan¢e with the requirements of Section 394 and 395 and with othemise comply with the requirements of Companies Act 2006 relating to financial statements, 80 far a8 applicable to the Charitable company. Thos financial sLal¥ili#iiib liave been prepared in a¢knurdailCè wilh the provisions appliabl6 lu cl'i&1 ikble companies Subject to the small regime. Approved at a meeting of Trustee8lDirectors on 2nd October 2024, and signed on their behalf ul Worth - TrusteeireCtor The notes on page 10 to page 15 form part of these financial statements.
New Lifv Church Northampton Ltd (A Company Limited By Gu8ntee) Page 10 PRINCIPAL ACCOUNTING POLICIES FOR THE YEAR ENDED 31st DECEMBER 2023 Legal Form New Life Church Northampton Ltd. Is a charitable company limited ty guarantee registered in England and Wales. The financial statements of th8 Charitable Company, which is a publiG benefit entity under FRS102, have been prepared in accordance .emeY• of Recommended Practice applicable +0 c4arytie: +the Charities SORP (FRS 102>'Accounting and Reporti.-g bi Charitie• Q+ + preparing their accounts in accordance with the Reporting Standard applic8ble in the UK and Republic ol Ireland (FRS 1021 (effective 19 October 2019)'.Financial Reporting Standards 102 The Financial Reporting Stsndards applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have bean prepared under the historical cost convention. The trustees consider that there are no material uncertainties about the charitable compan8 ability to continue as a going concern. Cash flow statement The director8 have tsken advantage of the exemption in Financial Reporting Standard No 1 (revised 1996) from including a cash flow statement in the financial statements on the grounds that the company is small. Incoming Re8ourc All income is recognised in the Financial Activates once the Charity has entitlement to the funds, it is that income will be received and the amount Gan be measured reliably. Gifts In Klnd and Donated Servlcg$ and F•cllltle8 Gifts In kind, donated facilities and voluntary help, are not included in financial stotsment8 since it is not considered practlcal to quantify such Income. Resource8 Expended Liabilities are recognised as exp8nditure as soon as there is a legal or ¢onslructive obligation committing the charity to that expenditure, it is possibSe that a transfer of economic benefits w511 be requires in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to a category. Whe costs cannot be directly attributed to particular headings they have been allocated to activrties on a basis consistent the use off resource Tanglble flxed assets Depreciation 1$ ¢alcul8ted so as to vKite off the cost of an asset, less its estimated value, over the useful life of Ihe asset 88 follow$'. Freehold propety 2% on Gost Improvement to property 10% on reducing balance Plant and machinery 10% on reducing balance Fixe assets are stated at cost less accumulated depreciation and accumulated impaimienl Ioss88. Where parts of an item of propaty, ant and equipment have a different useful lines, they are accounted for as separate items and property, plant and equipment. Taxatlon The chaiitable is exempt fom corporab'on tax on its ¢h8ntablè activities. Fund accounting Unrestricted funds can be used in accordance with the charitsble oty'e¢tives at the discretion of the tru8tees. Designated funds- these are funds set asKle by the tru8t888 Out of unrestricted funds for specific future purposed or proj8Ct8. Restricted fvnds Can only be used for the particular restricted purposes within the objects of the charfjty. Restrictions arise when specrfies by the donor Qr when raised for particular restncted purposes. Pensions costs and other post-retirement beneflts Tliè chaiitable company op8rakn a defiiiwj u?Iltribution pension scheme. Contribtstiolis payablé to the charitable company's pen5101) sch•mo are charged to the Ststement of Finan¢ial Activities in the pèriod to which they relate. Financlal instruments Cash and cash equivalerrts in Ihe balance shèet comprise cash at bank and in hand and short term depostts with an orvJinal maturity date of three month6 or less.
New Life Church Northampton Ltd (A Company Limited By Gu8r8nl8e) Page11 NOTES TO THE ACCOUNTS Donalions and LegaGi98 Unrestrlcted Rèstrlcted Funds Funds 2023 Total Unrestricted Restricted Funds Funds 2022 Total Gbfts, donations Gift Aid (Xhèr incom8 178,282 100 10.938 178.382 55.169 4,458 238,009 177,489 30.978 38.968 247.435 108,450 4.139 285,939 35,117 38,968 360,024 4,458 226,971 11,038 112,589 4 Other Tradlng Actlvltles Eyents R¢x)m Hire YoLrth trips Pgrents and toddlers Other Cafè incom8 Youth and Life 1,081 1,081 1,264 1,924 597 697 9,591 353 573 14,999 1,264 1.924 597 697 51,923 353 573 57,331 1.520 1.520 12,763 3,306 6,437 26,054 31.456 44,219 3,306 6,437 57,510 42,332 31.456 42,332 6 Investment Income DerK)8lt account int•regt 1,071 6 Income from Charltable Activltles Gov8rnm8nt grants Direct Charit8bl• 282, 304,6 7 Charitabl• Actlvltles Costs Totsl 2023 Total 2022 Unreslrirted R•stri¢tsd Unf•$tri¢ted Restrlcted Direct charitable Trustee, salaries Ttae'S social security Tiustg88' pension contributions Wages Travel Telephones Advertising Uitilities Sundries Youth and childr8n Self-financin9 church events Tithe donations U9aiKAa- J Robinson CouTEe costs Gifts and donalions PAIAV expèndrture Licen and subscription5 Outreach activities 88,374 3.342 2,413 57,652 781 1,480 68,374 3,342 2,413 57,652 781 1,480 894 21.923 2.214 20,127 739 13,587 66,100 3,342 66,100 3,342 2,323 17,850 1,014 2,712 17,850 1,014 2.712 21.923 2,214 20,127 739 13,587 1.716 11,875 1,080 12,864 1.716 11,875 1,080 12,864 78,217 1,405 22,042 554 3,012 2,132 222,671 1,405 72,104 554 3,012 2,132 272.733 273 10,024 2,276 273 10.024 2.276 50.062 9,943 143.392 9,943 221,609 50,062 78,217
New Life Church Northampton Ltd (A Company LimitFd By Gugranlee) Page 12 NOTES TO THE ACCOUNTS 8 Support and Management Unrestricted Restrlcted Funds Funds 11.854 527 274 4,254 4,659 852 2023 Total 11,854 527 274 4,254 4,659 852 UDre5trithd Restricted Funds Funds 18,133 1,025 579 3,930 18,154 549 2,874 444 29,815 2022 Total 18,133 1,025 579 3.93C 18,154 549 2,874 wages Social security P8n$ions Invuian-e Light and heat Office ststionery and expen8es Sundnes Utility costs Building maintenance Café expenditure IT and equipment Depreciation of tangible and heritsge assets 153 29,806 3,502 5,968 29,806 3,502 5,968 29.815 5,282 87,215 8,358 8.358 13.640 75,573 4,431 79,934 10,058 10,058 14,489 89,992 Finan Bank and other chai'9es, fe*8 415 G¢)v•rnance costs Independent examination fe Independent examination f88 for other seNi¢es Payro51 dl-ld pension admin support Legal and profession81 f8•$ 1.500 1,500 1,800 1,800 147 ,222 147 1,222 857 4,829 7.288 4,629 7.286 2,869 2,869 70.499 8,358 78,857 87,304 10,058 97,362
New Llfe Church Northampton Ltd (A Company Limited By Guaranteej Page 13 NOTES TO THE ACCOUNTS Unr•stricted Restrictsd 2023 2g22 9 Net Incomel{Expenditure Net Incomel(Expenditure) is stated after charging l(Cfediting).' Independent Examination fee Independent Examination fee5 for other swVi$ Depreciation - owed eesets 1,500 1,500 1.800 5.282 8.358 13,64Q 10 Trustee. Remuneration and Benefits 2023 2022 Twstees. salarie8 Trustees, social securiiy Trustees, pension contiibution to mon8y purcha8e scheme 68,375 3.342 2.413 74.130 66.100 3,342 2,322 71,764 t>uring th& year directors, emoluments were palé in rosped of contract of seNice betsen the church, Mr P Worth and Mr R C Goldrin in their capacity as Pastor and Assistant Pastor respedivgly. A¥ rgquirad by the ehureh constitution Mr Worth and Mr Goldring ar8 al$0 trustees. No remunaratiDn 18 paid to any trustee for acting in this capaclty, Trustees expenses There werè no 8xp8nses reimbursed to Trustee in the current year or prior year. 11 Saff Co$tB 2023 2022 Wages and salaries Social se¢urity costs Olher pension c06ts 65,852 2.930 1,524 70,306 101,725 4,596 3,030 109,351 The average monthly number of èmployees during the year was as follows, 2023 2022 Ministry and administration No employees recelved emoluments in excess of £eo.000,
New Llfe Church Northampton Ltd (A Ct)mpany Limited By Guarante&) Page 14 NOTES TO THE ACCOUNTS Freehold property Flat IMpr0M•t Plant and to machinery property Total 12 Tangiblo Flxed Assots Cost or revaluation At 1 January 2023 Add additions in year 450,000 210,882 142.733 803,615 108,250 108,250 108,250 911,885 450,000 210,882 142,733 Less.. disposals during the year At 31 Demter 2023 450,000 108.250 210,882 142,733 911,865 Depreciation Al 1 January 2023 Charge in year At 31 December 2023 Net book value At 31 December 2023 121,500 6,000 127,500 173,308 3,758 177,064 103,912 3,882 107,794 398,718 13,640 412,358 322,500 1Q8,250 34,939 At 31 DeGembai 2022 328.SOO 37,576 38,821 404,897 13 Debtorn: Amount• falllng due wlthln one Unre8trlcted Regtrlcted Fund8 Fur$ 2023 Total Unrestricted Reslricted und8 Funds 2022 Total Gift Aid recoverable other debtor5 14,064 3,007 17,071 14.064 3,007 17,071 4,970 921 5,891 4,970 921 5.891 14 Crodltors: Amount8 falllng due withln one year Unre8trlcted R8strlct8d Funds Funds 2023 Total Unre8trlcted Restricted Funds Fundo 2022 Total Trade Creditors Accruals and deferred income 3,866 1,200 5,068 2,7DO 2,7DO 2,700 2,700 1,200
New Life Church Northampton Ltd (A Company Lrmited By Gu8r8ntee) Page 15 NOTES TO THE ACCOUNTS 15 Movement of funds Balance 01.01.23 Incoming Resourrns Transfers resour expendod betwean funds Balanee 31.12.23 UnrestriGt¢d funds Ger.eYl 4und Hardship fund 142.378 11.860 154,238 251,534 2,562 254,096 (282,882) 10,288 293,170 (4,740) 106.290 4,134 110,424 4,740 R08tricted funds Buildinq funds Building improvement fund Studio Family ¢entre 8s88ts Uganda children Gift day Janet Roblnson Ilat 328,500 27,721 702 761 13,8e8 8,530 112.290 {6,000) {1,360) <70) (76) {50,0621 (852} 322.500 26,361 632 31,456 10.938 100 42,494 4,740 18,616 112,390 481,184 68.420 4,740 Total fund* 846,608 296,590 351,590 591,608 The deslgnatsd hardship fund was set up during the Covid-19 lockdowns to 8UPPOrt peoplo both inside and autsido the church community. The money is used Jtth8 discretion ofthe Elder8 forthose in need. The building and building improvament and fomily centre fund8 are in relaticn to developing the charllvs bulldlngs for greater and more flexible use. The studio funds is for setting up of a recording studio facility, Ug8nda funds- Kadambari Kingdom Lrfe Church Ministry has worked in Kadambsri since 2004 and is a mission branch of KLC Northampton. 11 seeks t¢ help villagers and their families Ihmu9h Nursery and Primary Education, some support for a few SeMndary children. Vocational Training and a Food Distribution Programme. Its help is irrespective of religious background. Kingdom Life Church (in Kadambari) was established by the Ministry over 10 years ago. The Gift Day fund is in felation to money raised for building improvernent. Janel Robiiison relirtd fioill Ili¥ Llidllty work Ka6ambira in 2020 and ietuffl¥d lu Ili¥ Ui(. Suypoflers of Ihat charity falt it wa5 right lo provide Janet with a home to live in upon her return. Money was he in he Kingéom Lrfe Church accounts bytjilst the purchase of ihe flat and the Home for Janot Trust WOS Èstablished. Once the Purchase of the flat is completed no more funds for the flat wtll be held in the Kingdom Life Chureh accounts and all resF)on8ibility for the asset (the flat) is Wlth Home for Janet Trust. 16 Related party dlsclosure Paul Worth is a Tiustee and employee of Forefront Church Northampton. Kingdom Life Church received H donalions totalling £nil (2021 £1.320) from Forefront Church North8mplon. Paul Worth is a Trustee of lfjngdom Ltfe Church Ministy Uganda. Kingdom Life CYTurch received donations totalling £31,456 {2022: £42,332) for Kingdom Lif6 Church Ministry Uganda. Kingdorn Lrfe Church paid Kingdom Life Church Ministry Uganda £50,762 {2022: £78.217 as Mission Support,.