0 ~~ab Xe,~~ New Life Fellowship UPC
ANNUAL REPORT & ACCOUNTS 2023
Registered charity no. 1099988 New Life Fellowship UPC, Bilston, West Midlands
New Life Fellowship UPC
2023
Table of Contents
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|PAGE TITLE|PAGE NUMBER|
|Pastor’s Introduction to 2023 ............................................................................................................ 2-3|
|Trustees’ Report 2023 ....................................................................................................................... 4-6|
|Receipts & Payments Account 2023 .................................................................................................. 7-8|
|A Graph Showing the Top 10 Categories of Expenditure in 2023 ........................................................... 9|
|Statement of Assets & Liabilities 2023 ................................................................................................ 10|
|Independent Examiner Report ......................................................................................................... 121|
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Appendix 1 & 2: New Life Fellowship UPC - 2023 Cash flow – Income & Expenditure ................... 132-13
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New Life Fellowship UPC
2023
ANNUAL REPORT AND ACCOUNTS TO BE SIGNED BY TRUSTEES:
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NAME: ………………………………………………………. NAME: ………………………………………………………
SIGNATURE: ………………………………………….... SIGNATURE: …………………………………………….
DATE: ………………………………………………………. DATE: ……………………………………………………….
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New Life Fellowship UPC
2023
1. Pastor’s Introduction to 2023
Greetings in the mighty name of our Lord Jesus:
The year 2023 continued with the outreach program within our community with a focus to provide support to those who are greatly in need. Our Youth club continues to support and reach out to the youth within our community. The plan for an extension started during the latter part of the year, which has given the youth sufficient space for their indoor activities and other forms of collaborative work to give the youth direction and guidance as a community initiative. The building work is progressing.
The Coffee Morning in conjunction with the MacMillan Cancer Support Charity continued throughout the year. Our community is welcome to join us for a ‘cuppa’ and a chat as well as participate in some arts and craft activities. The Soup Kitchen and Food Bank have seen slow progress as there hasn’t been much interest from the community.
We continue to promote the importance of Safeguarding our Children and Vulnerable People within our community during the month of November.
Reverend B. S. Ramruttun
Glory to God, in Jesus' Name.
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New Life Fellowship UPC
2023
2. Trustees’ Report 2023
i. Annual Report for the Year Ending 31 December 2023
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 Mr David Thomas
Mrs. D Ramruttun Mr. A Paul
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New Life Fellowship UPC
2023
v. Appointment of the Trustees
New Life Fellowship UPC trustees are appointed/re-appointed annually. David Thomas was appointed on 17[th] December 2023.
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. No Gift Aid was claimed during the year.
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 2023 financial performance, the following points can be noted:
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a. The Operational deficit for 2023, after all incomes and expenditures, is (£28,915).
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b. Pledges, Tithes, Offerings £38,631 in the year. This averaged out as:
£3,219/month (£2,614/month in 2023)
£743/week (£603/week in 2023)
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New Life Fellowship UPC
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- c. A table of Comparative Financial Performance shows 2023 performance relative to previous
years:
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 |
| Actual | 2021 | 31,599 | 16,995 | 14,604 |
| Actual | 2022 | 29,935 | 17,887 | 12,048 |
| Actual | 2023 | 49,918 | 79,565 | -29,648 |
viii. Reserves
New Life Fellowship reserves have decreased by £29k from 2022 to 2023, due to building development costs.
| Opening Reserves In-year Surplus /(Deficit) Refunds received Closing Reserves, reconciled to Bank Statement |
£ 40,512 (£29,648) £ 659 £ 11,597 |
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Ix Independent Examination
BFS Associates Ltd have been appointed to carry out an independent examination of these accounts.
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New Life Fellowship UPC
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3. Receipts & Payments account 2023
New Life Fellowship UPC Receipts & Payments account for the period 1 Jan to 31 Dec 2023
| Income Tithes & Offering Gift Aid District contribution Building fund Total Income Expenditure Building CCLI Christmas Expenses Computer Accessories Council fees DBS Equipment Fees & Subscription Fixtures & Fittings General Love Offering Insurance IT Hardware & Software Missions Pastoral Tithes Pastors other exp (church) Pastors Stipend Planning fees Professional Fees Rent and Utilities Repairs Security Costs Smarties Speakers Love Offering Sunday School Love Offering Supplies Telephony & ITC UPC District Sub Youth |
2023 £ 38,631 7,346 2,797 1,144 49,918 65,663 91 27 703 40 145 332 150 579 186 559 144 50 200 1,142 2,250 0 700 1,859 220 764 120 600 50 219 776 1,621 374 |
2022 £ 29,935 0 0 0 29,935 0 85 50 1594 590 291 0 800 579 186 559 144 300 650 1,503 2,750 1004 575 2,029 1,155 809 50 300 50 381 789 400 263 |
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New Life Fellowship UPC
| w Life Fellowship UPC Total Expenditure In-year Surplus/(Deficit) |
79,565 (29,648) |
2023 17,887 12,048 |
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New Life Fellowship UPC
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Note:
a. See Appendix 1 for detail of New Life Fellowship UPC - 2023 Cash flow – Income.
b. See Appendix 2 for detail of New Life Fellowship UPC - 2023 Cash flow – Expenditure.
4. A Graph Showing the Top 10 Categories of Expenditure in 2023
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Expenditure for 2023
6% 2%
7% 21%
7%
7%
17%
7%
11%
15%
~ ~ Pastors Stipend D4 Rent and Utilities
~ UPC district subs Dd Pastors other exp (church) = Telephony & ITC
Security Costs Computer Accessories Professional Fees
Insurance Repairs
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New Life Fellowship UPC
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5. Statement of Assets & Liabilities 2023
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 2023
| Non-current assets Church Building CURRENT ASSETS NLF Project Account 544 NLF Current Account 20,342 20,886 CURRENT LIABILITIES Creditors Loan amout to be repaid 8,611 8,611 NET ASSETS Financed By Reserves b/f Building 387,000 Opening Capital at at 1st Jan 2023 40,512 PCU 678 In the Year 2023 deficit |
2023 2022 387,000 387,000 12,544 28,646 41,189 0 12,275 0 41,189 399,275 428,189 387,000 28,464 678 428,190 416,142 (28,915) 12,048 399,275 428,189 |
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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 2023 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 no 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
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Appendix 1: New Life Fellowship UPC - 2023 Cash flow – Income.
| Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec £ £ £ £ £ £ £ £ £ £ £ £ Opening balance - Current a/c 28,646 42,102 45,629 49,252 52,481 58,010 44,509 45,092 53,185 55,416 36,608 18,347 Opening balance - NLF Proj 50 12,544 - - - (12,000) - - - - - - - 41,190 42,102 45,629 49,252 40,481 58,010 44,509 45,092 53,185 55,416 36,608 18,347 Income Tithes & Offering 2,364 3,243 5,860 3,720 3,923 2,478 2,767 2,307 2,398 2,992 2,575 4,004 UPC Disc Contribution - 1,100 - - 1,500 197 - - - - - - Gift Aid - - - - - - - 7,346 - - - - Building fund 94 50 - - 1,000 - - - - - - - PCU Loan - - - - - 10,000 - - - - - - Returned funds - - - - - - - - - - - - Total Income 2,458 4,393 5,860 3,720 6,423 12,674 2,767 9,653 2,398 2,992 2,575 4,004 |
Total £ 20,886 20,886 38,631 2796.75 7346 1144 10000 0 59,918 |
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New Life Fellowship UPC
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Appendix 2: New Life Fellowship UPC - 2023 Cash flow – Expenditure
| Expenditure Broadband Building works CCLI Christmas Expenses Christmas & Christ Computers & Accessories Conference Council fees DBS Electric equipment Fathers day Fees & Subs Gas General Expenses Insurance Loan repayment - PCU Love Gift - speaker Love gift - Sunday School March 4 Christ Missions Pastor Tithes Pastors Expenses Professional Repairs Security Smarties Stipend Water Youth Zoom Monthly Surplus / (Deficit) |
59 59 59 59 68 68 68 68 68 68 68 68 776 - - - - - 25,363 - - - 20,000 20,300 - 65,663 - - - - - - - - - - - 91 91 - - - - - - - - - - - 27 27 - - - - - - - - - - - 53 53 - 243 - - - - 377 - - - - 83 703 - 251 - - - - 1,217 - - - - - 1,468 10 - 20 - - - - - - - 0 10 40 - - - - - - - - - - 145 - 145 332 - - - - - - - - - - - 332 - - - - - - 50 - - - - - 50 - 150 - - - - - - - - - - 150 533 - 626 68 112 38 32 20 36 41 40 50 1,596 - - 84 - - 91 - 20 - 25 - - 219 - - - - - - - - - 591 - - 591 - - - - - - 278 278 - 556 - 278 1,389 - 100 200 - - 200 - - - 100 - - 600 - - - - - - 50 - - - - - 50 - - - - - - 50 - - - - - 50 50 - - - - - - - - - - - 50 100 - 100 - - - - - - - - - 200 148 - 248 - 158 103 - 161 - 87 - 238 1,142 - - - - - - - 700 - - - - 700 - - - - - - - - - - 220 - 220 63 63 63 63 63 63 63 63 63 63 63 69 764 - - - - 100 - - - - 20 - - 120 250 - 500 - 250 250 - 250 - 250 - 500 2,250 - - 263 - - - - - - - - - 263 - - 74 300 - - - - - - - - 374 - - - - 144 - - - - - - - 144 |
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| 1,545 866 2,237 490 895 26,176 2,184 1,560 167 21,800 20,836 1,465 80,221 |
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| 913 3,527 3,623 3,229 5,529 (13,501) 583 8,093 2,231 (18,808) (18,261) 2,539 (20,303) |
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New Life Fellowship UPC 2023 14