## 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** **----- Start of picture text -----**
||| |---|---| |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| **----- End of picture text -----**
**Appendix 1 & 2: New Life Fellowship UPC - 2023 Cash flow – Income & Expenditure ................... 132-13** 1 New Life Fellowship UPC 2023 ## **ANNUAL REPORT AND ACCOUNTS TO BE SIGNED BY TRUSTEES:** **----- Start of picture text -----**
NAME: ………………………………………………………. NAME: ………………………………………………………
SIGNATURE: ………………………………………….... SIGNATURE: …………………………………………….
DATE: ………………………………………………………. DATE: ……………………………………………………….
**----- End of picture text -----**
2 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.** 3 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: - (1) Preparing, in respect of each financial year of the charity, an annual report containing: - (a) Such a report by the trustees on the activities of the charity during that year, and - (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 4 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: - a. The Operational **deficit** for 2023, after all incomes and expenditures, is (£28,915). - 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) 5 New Life Fellowship UPC 2023 - 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**| |---|---| ## **Ix Independent Examination** BFS Associates Ltd have been appointed to carry out an independent examination of these accounts. 6 New Life Fellowship UPC 2023 ## **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| |---|---|---| 7 New Life Fellowship UPC |w Life Fellowship UPC

Total Expenditure
In-year Surplus/(Deficit)|**79,565**
**(29,648)**|2023
**17,887**
**12,048**| |---|---|---| 8 New Life Fellowship UPC 2023 ## **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** **----- Start of picture text -----**
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
**----- End of picture text -----**
9 New Life Fellowship UPC 2023 ## **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**| |---|---| 10 New Life Fellowship UPC 2023 ## **6. Independent Examiner Report** - **i. Independent accountant’s report to the Trustees** - Mr Brian Smartt was appointed to conduct an independent audit for the New Life Fellowship UPC 2023 accounts. - **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: 1. A review of the accounting records kept by New Life Fellowship UPC, and a comparison of the accounts presented with these records. 2. 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) 11 New Life Fellowship UPC 2023 ## **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**| |---|---| 12 New Life Fellowship UPC 2023 ## **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| |---|---| ||**1,545**
**866**
**2,237**
**490**
**895**
**26,176**
**2,184**
**1,560**
**167**
**21,800**
**20,836**
**1,465**
**80,221**| ||913
3,527
3,623
3,229
5,529
(13,501)
583
8,093
2,231
(18,808)
(18,261)
2,539
(20,303)| 13 New Life Fellowship UPC 2023 14