0 ~~ab Xe,~~ New Life Fellowship UPC
ANNUAL REPORT & ACCOUNTS 2020
Registered charity no. 1099988 New Life Fellowship UPC, Bilston, West Midlands
New Life Fellowship UPC
2020
Table of Contents
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PAGE TITLE PAGE NUMBER
Pastor’s Introduction to 2020 ......................................................................................................... 3-4
Trustees’ Report 2020 .................................................................................................................... 5-7
Receipts & Payments Account 2020 ................................................................................................... 8
A Graph Showing the Top 10 Categories of Expenditure in 2020 ......................................................... 9
Statement of Assets & Liabilities 2020 .............................................................................................. 10
Independent Examiner Report ........................................................................................................121
Appendix 1 & 2: New Life Fellowship UPC - 2020 Cash flow – Income & Expenditure .................. 132-13
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ANNUAL REPORT AND ACCOUNTS TO BE SIGNED BY TRUSTEES: NAME.. jo NAME: SIGNATURE=.g f , i& SIGNATURE= DATE:
New Life Fellowship UPC
2020
1. Pastor’s Introduction to 2020
Greetings in the mighty name of our Lord Jesus:
During the majority of 2020, New Life Fellowship Bilston’s church facility was closed due to the government restrictions for the COVID-19 pandemic. However, the church’s members and its departments moved to congregate online using various platforms where there was much participation in our mid-week & Sunday Services. We also had visitors joining our services and we were guested with several national speakers from within our organisation.
Our church outreach programme continued within the community in the form of phone calls and the use of the Zoom platform. New Life Fellowship supported our church members who’d suffered or impacted with financial hardship.
Despite the government’s lockdown restrictions, the church continued to grow from strength to strength which resulted in five new souls receiving water baptism.
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New Life Fellowship UPC
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The church building’s flat roof requires repair.
Overall, the church membership has been steady & stable, and the account remains sustainable
Glory to God, in Jesus' Name.
Reverend B. S. Ramruttun
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New Life Fellowship UPC
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2. Trustees’ Report 2020
i. Annual Report for the Year Ending 31 December 2020
New Life Fellowship UPC, Bilston, West Midlands, is registered with the Charity Commission (Charity no. 1099988) and constituted by a Deed of Trust.
ii. Responsibilities of the Trustees
As the trustees of New Life Fellowship UPC, in accordance with the Charities Act 2011 Provision 162: Charity trustees to prepare Annual Reports, we are responsible for the following:
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(1) Preparing, in respect of each financial year of the charity, an annual report containing:
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(a) Such a report by the trustees on the activities of the charity during that year, and
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(b) Such other information relating to the charity or to its trustees or officers, as may be prescribed by regulations made by the Secretary of State.
iii. Charitable Objects
The Object of New Life Fellowship UPC is to:
- Promote the advancement of the Christian religion, the worship of God, the exhortation to faith
in Christ, and the relief of persons who are sick or in necessitous circumstances.
iv. Organisational Structure
The responsibility for day-to-day administration and operation of New Life Fellowship UPC belongs to the Board of Trustees, comprising:
Mr. T Haycock Bishop A Francis
Mrs. D Ramruttun Mr. A Paul
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New Life Fellowship UPC
2020
v. Appointment of the Trustees
New Life Fellowship UPC trustees are appointed/re-appointed annually. No changes to the appointments were reported from 2019.
vi. Review of the Non-Financial Activities
The New Life Fellowship Trust is organisationally stable and continues to grow as we have an established group of members. There was Gift Aid claim made in the year that related to previous years donations.
vii. Review of the Financial Activities
The New Life Fellowship Trust is financially stable. In accordance with the Charities Act 2011 Provision 133: Account and statement an option for lower-income charities, the accounts include a Receipts and Payments Account and a Statement of Assets and Liabilities. Cashflow Statements are also included (Appendix 1 and Appendix 2)
In summarising the 2020 financial performance, the following points can be noted:
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a. The Operational surplus for 2020, after all incomes and expenditures, is £6,378
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b. Pledges, Tithes, Offerings & Gift Aid totalled £31,367 in the year. This averaged out as:
£2,614/month (£1,877/month in 2019)
£603/week (£433/week in 2019)
- c. A table of Comparative Financial Performance shows 2020 performance relative to previous years:
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New Life Fellowship UPC
2020
Comparative Financial performance
| Year | Inc £ | Exp £ | Net £ | |
|---|---|---|---|---|
| Actual | 2006 | 7,856 | 8,016 | -160 |
| Actual | 2007 | 7,512 | 9,145 | -1,633 |
| Actual | 2008 | 11,807 | 6,169 | 5,638 |
| Actual | 2009 | 7,090 | 7,024 | 66 |
| Actual | 2010 | 8,135 | 7,871 | 264 |
| Actual | 2011 | 5,664 | 7,418 | -1,754 |
| Actual | 2012 | 13,745 | 8,936 | 4,809 |
| Actual | 2013 | 20,368 | 23,116 | -2,748 |
| Actual | 2014 | 16,236 | 15,308 | 928 |
| Actual | 2015 | 24,713 | 24,005 | 708 |
| Actual | 2016 | 22,698 | 21,076 | 1,622 |
| Actual | 2017 | 14,542 | 18,243 | -3,701 |
| Actual | 2018 | 29,607 | 15,996 | 13,611 |
| Actual | 2019 | 23,155 | 35,633 | -12,478 |
| Actual | 2020 | 31,367 | 24,989 | 6,378 |
viii. Reserves
New Life Fellowship reserves have increased by £7k from 2019 to 2020, partly due to a £7k gift aid claim made in Jan 2020:
Opening Reserves £ 8,096 In-year Surplus / (Deficit) £ 6,378 Refunds received £ 659 Closing Reserves, reconciled to Bank Statement £ 15,133
Ix Independent Examination
BFS Associates Ltd have been appointed to carryout an independent examination of these accounts.
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New Life Fellowship UPC
2020
3. Receipts & Payments account 2020
New Life Fellowship UPC
Receipts & Payments account for the period 1 Jan to 31 Dec 2020
| Income Tithes & offering Grant Income Gift Aid Other Income Total Income Expenditure Pastors Stipend Pastors other exp (church) Stationery Office / Printing Telephony & ITC IT Hardware & Software Love Offering Supplies Insurance Utilities Professional Fees Charitable & Goodwill donations Missions Hardship Fund Fees & Subscription UPC District Sub Rent Car Park Magazine/Books Pastoral Tithes Building Maintenance Security Costs Equipment Fixture, Fittings & Furniture Sundry Items Total Expenditure In-year Surplus/(Deficit) |
2020 £ 22,609 0 7,477 1,281 31,367 2,200 2,124 445 490 570 100 129 688 1,595 500 0 480 900 728 83 40 0 500 10,618 773 2,027 0 0 24,989 6,378 |
2019 £ 22,521 0 0 634 |
|---|---|---|
| 23,155 | ||
| 4,056 0 591 70 0 186 154 1,042 2,858 575 1,170 50 0 1,252 0 40 72 0 21,054 899 1,023 541 0 |
||
| 35,633 | ||
| (12,478) |
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New Life Fellowship UPC
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Note:
- a. See Appendix 1 for detail of New Life Fellowship UPC - 2020 Cash flow - Income b. See Appendix 2 for detail of New Life Fellowship UPC - 2020 Cash flow – Expenditure
4. A Graph Showing the Top 10 Categories of Expenditure in 2020
Expenditure for 2020
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3% 3% 2%
4%
4%
7%
48%
9%
10%
10%
Building Maintenance Pastors Expenses (Church Pastor Stipend
Equipment Utilities Hardship Fund
Security Costs Fees & Subsription IT Software
Professional Fees
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New Life Fellowship UPC
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5. Statement of Assets & Liabilities 2020
New Life Fellowship UPC has rights of ownership, risk, and reward over the following assets.
NOTE: As New Life Fellowship completes its building development and grows its asset base, it will be necessary to re-evaluate its asset value by conducting a proper valuation of the property and by identifying any new fixed assets within the organisation’s remit of ownership and control.
New Life Fellowship UPC
Statement of Assets & Liabilities as at 31st December 2020
| Non-current assets Church Building CURRENT ASSETS NLF Project Account 639 NLF Current Account 14,494 15,133 CURRENT LIABILITIES Creditors Loan amout to be repaid 0 0 NET ASSETS Financed By Reserves b/f Building 387,000 Opening Capital at at 1st Jan 2020 8,096 Refunds 659 In the Year 2020 surplus |
2020 2019 387,000 387,000 639 7,458 8,097 0 15,133 0 8,097 402,133 395,097 387,000 20,574 395,755 407,574 6,378 (12,478) 402,133 395,096 |
|---|---|
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New Life Fellowship UPC
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6. Independent Examiner Report
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i. Independent accountant’s report to the Trustees
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Mr Brian Smartt was appointed to conduct an independent audit for the New Life Fellowship UPC 2020 accounts.
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ii. Responsibilities of trustees and independent accountant Trustees of New Life Fellowship UPC are responsible for preparation of the accounts and should consider that the audit requirement of Charities Act 2011.
It is the Auditor’s responsibility to state, on the basis of procedures specified in the General Directions given by the Charities Act 2011, whether particular matters have come to attention.
iii. Basis of independent accountant’s report
The Auditor’s examination was carried out in accordance with the General Directions given by the Charity Commissioners. It includes:
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A review of the accounting records kept by New Life Fellowship UPC, and a comparison of the accounts presented with these records.
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Consideration of any unusual items or disclosures in the accounts, seeking explanation from trustees in respect of any such matters. Note: there were none.
iv. Independent accountant’s statement
In carrying out my investigation and assessment of the financial position of New Life Fellowship UPC, there are matters of concern.
Examination done by Mr Brian Smartt on behalf of BFS Associates Ltd (reg number 08166031)
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New Life Fellowship UPC
2020
Appendix 1: New Life Fellowship UPC - 2020 Cash flow – Income
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
£ £ £ £ £ £ £ £ £ £ £ £ £
Opening balance - Current a/c 8,096 8,021 8,109 6,330 6,482 6,449 7,021 9,083 9,796 11,478 11,295 13,080 15,132
Opening balance - NLF Proj 50 639 - - - - - - - - - - -
8,096 8,021 8,109 6,330 6,482 6,449 7,021 9,083 9,796 11,478 11,295 13,080 15,132
Income
Tithes & Offering 1,983 1,642 1,216 702 1,492 1,220 3,292 1,181 2,744 1,956 2,231 2,950 22,609
UPC Disc Contribution 650 616 - - - - - - - - - - 1266
Gift Aid 7,477 7477
Pledge - - - - - - - - - - 15 - 15
Baptism - - - - - - - - - - - - 0
Returned funds - - - 471 - 187 - 30 194 299 - 444 1,625
Total Income 10,109 2,258 1,216 1,173 1,492 1,407 3,292 1,211 2,938 2,255 2,246 3,395 32,992
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New Life Fellowship UPC
2020
Appendix 2: New Life Fellowship UPC - 2019 Cash flow – Expenditure
Expenditure
| Parking Pastors Expenses Insurance Fees & Subs Stipend Professional Pastor Tithes Broadband Printing Gas Security Equipment Building Works Computer Accessories Builing Maintenance Christmas 4 Christ Fathers Day Smarties Missions Philippine Pledge Speakers Love Gift Conference Hardship General Expenses Rev Entry Monthly Surplus / (Deficit) |
- - 10 - - 10 - - 10 - - 10 40 372 149 303 - 272 316 - 109 96 344 - 164 2,124 219 219 - - - - - - - 250 - - 688 - 300 - - 194 - - 50 - - 129 55 728 - 200 400 - 200 400 - 200 200 400 - 200 2,200 - - - - - - - - - 500 - - 500 100 - - - 200 - 100 - - - - 100 500 66 38 39 38 38 38 39 38 39 38 39 38 490 148 - - - - - 148 - 148 - - - 445 39 87 87 868 6 6 329 6 6 6 6 149 1,595 59 65 65 65 65 65 65 65 65 65 65 65 773 98 524 407 - - - 499 - 499 - - - 2,027 8,615 523 1,235 - - - - - - - - - 10,373 236 - - - - - - - - 253 - 81 570 135 - - 50 - - - - - 60 - - 245 48 - - - - - - - - - - - 48 - - - - - - 50 - - - - - 50 - - - - 50 - - - - - - - 50 - - - - 50 - - - - - - 181 231 - - - - - - - - - - - 200 200 - - - - - - - - - - - 100 100 - 33 - - - - - - - - - - 33 - - 450 - 450 - - - - - - - 900 49 32 - - - - - - - - - - 81 - - - - - - - 30 194 521 222 - 967 |
|---|---|
| 10,185 2,170 2,995 1,021 1,525 835 1,230 498 1,257 2,438 461 1,343 25,957 |
|
| (75) 88 (1,779) 153 (33) 572 2,062 713 1,682 (183) 1,785 2,051 |
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