## 0 ~~ab Xe,~~ New Life Fellowship UPC
## ANNUAL REPORT & ACCOUNTS 2024
Registered charity no. 1099988 **New Life Fellowship UPC, Bilston, West Midlands**
New Life Fellowship UPC
2024
## **Table of Contents**
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|---|---|
|PAGE TITLE|PAGE NUMBER|
|Pastor’s Introduction to 2024 ............................................................................................................ 2-3|
|Trustees’ Report 2024 ....................................................................................................................... 4-6|
|Receipts & Payments Account 2024 .................................................................................................. 7-8|
|A Graph Showing the Top 10 Categories of Expenditure in 2024 ........................................................... 9|
|Statement of Assets & Liabilities 2024 ................................................................................................ 10|
|Independent Examiner Report ......................................................................................................... 121|
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**Appendix 1 & 2: New Life Fellowship UPC - 2024 Cash flow – Income & Expenditure ................... 132-13**
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New Life Fellowship UPC
2024
## **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
2024
## **1. Pastor’s Introduction to 2024**
Greetings in the mighty name of our Lord Jesus:
The year 2024 commenced with a renewed vision to deepen our engagement with the community of Bilston. In February, we were blessed to welcome a new addition to our ministerial team—John Paul, a dedicated servant of God and a recent graduate of MBC. His arrival has brought fresh energy and insight to our ministry.
Throughout the year, the church has experienced steady and encouraging growth in membership, reflecting the grace of God and the commitment of our congregation. In April, we had the privilege of hosting a national rally, which drew support and participation from individuals across the country. This event was complemented by a vibrant outreach initiative held in the heart of Bilston town Centre, where members actively engaged with the public to share the message of hope and faith. During the same month, we joyfully celebrated Mothering Sunday, honoring the invaluable role of mothers within our church and wider community.
Since the completion of our building extension, the Youth Ministry has fully embraced the new space, utilizing it for fellowship, learning, and development. In June, we celebrated International Sunday—a vibrant and heartfelt occasion that highlighted the rich diversity and cultural heritage of our congregation. This event served as a powerful reminder of our commitment to inclusion and unity within the assembly
Additionally, a Women’s Prayer Breakfast was held, centred around the theme “Your Health and Wellbeing Awareness Day.” This gathering provided a meaningful opportunity for women to come together in prayer, reflection, and education on important health and wellness topics.
## **Glory to God, in Jesus' Name.**
## **Reverend B. S. Ramruttun**
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New Life Fellowship UPC
2024
## **2. Trustees’ Report 2024**
## **i. Annual Report for the Year Ending 31 December 2024**
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 Mrs. D Ramruttun David Thomas Mr. A Paul
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New Life Fellowship UPC
2024
## **v. Appointment of the Trustees**
New Life Fellowship UPC trustees are appointed/re-appointed annually. No changes to the appointments were reported from 2024.
## **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 2024 financial performance, the following points can be noted:
- a. The Operational **deficit** for 2024, after all incomes and expenditures, is (£9,995).
- b. Pledges, Tithes, Offerings **£31,758** in the year. This averaged out as:
**£2,647/month** (£3,219/month in 2023)
**£611/week** (£743/week in 2023)
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New Life Fellowship UPC
2024
c. A table of Comparative Financial Performance shows 2023 performance relative to previous
years:
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 Actual 2024 35,933 45,928 - 9,995
## **viii. Reserves**
New Life Fellowship reserves have decreased by £9.9k from 2023 to 2024, due to building development costs.
|Opening Reserves
In-year Surplus /(Deficit)
Refunds received
Closing Reserves, reconciled to Bank Statement|£ 11,597
(£9,995)
£ 659
**£ 2,280**|
|---|---|
## **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
2024
## **3. Receipts & Payments account 2024**
## **New Life Fellowship UPC**
## **Receipts & Payments account for the period 1 Jan to 31 Dec 2024**
|**INCOME**
**OPERATIONAL COSTS**
**Cash Book Motoring Expenses:**
Cash Book Motoring
Expenses:
Christmas 4 Christ
50
Christmas Exp
60
DBS
150
Insurance
724
IT Hardware & Software
156
Pastors Allowance
2,750
Pastors other exp (church)
859
Phone Costs
0
Speakers Love Offering
40
Subs
150
Sunday School Love Offering
70
Supplies
392
**Other Costs**
Accounting & Finance cost
0
CCLI
0
Computer Accessories
165
Conference
800
Council fees
30
Building Maintenance
24,472
Equipment
4,391
Father’s Day
50
General Expenses
392
Missions
350
Pastoral Tithes
760
Rent and Utilities
7,740
Repairs
0
Security Costs
0
Smarties
75
UPC District Subs
900
Youth
400|**2024**
35,933
0
27
145
591
144
2,250
1,142
776
600
150
50
5,402
219
700
91
703
0
40
65,663
332
0
0
50
200
1,859
220
764
120
1,621
40,526
374|**2023**|
|---|---|---|
|||49,918
6,095
72,738|
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New Life Fellowship UPC
2024
Surplus for the Year
19,9951
128,9151
New Life Fellowship UPC
2024
## **Note:**
- a. See Appendix 1 for detail of New Life Fellowship UPC - 2024 Cash flow – Income.
b. See Appendix 2 for detail of New Life Fellowship UPC - 2024 Cash flow – Expenditure.
**4. A Graph Showing the Top 10 Categories of Expenditure in 2024**
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Expenditure for 2024
2% [2%] [2%] [2%] [1%]
2% |
6%
10%
56%
18%
a v Building Maintenace ba Rent and Utilities
~ Equipment Ad Pastors Allowance - UPC District Subs
Pastors other exp (church) Conference Pastoral Tithes
Insurance Youth
**----- End of picture text -----**
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New Life Fellowship UPC
2024
## **5. Statement of Assets & Liabilities 2024**
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.
## **Statement of Assets & Liabilities as at 31st December 2024**
|**Non-current assets**
Church Building
**CURRENT ASSETS**
NLF Project Account
544
NLF Current Account
7,082
7,626
**CURRENT LIABILITIES**
**Creditors**
Loan amout to be repaid
5,346
**NET ASSETS**
**Financed By**
Reserves b/f
Building
387,000
Opening Capital at at 1st Jan 2024
11,597
PCU
678
In the Year 2024 deficit|**2024**
**2023**
387,000
387,000
544
20,342
20,886
8611
2,280
12,275
**389,280**
**399,275**
387,000
40,512
678
**399,275**
**428,190**
(9,995)
(28,915)
**389,280**
**399,275**|
|---|---|
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New Life Fellowship UPC
2024
## **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 2024 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)
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New Life Fellowship UPC
2024
## **Appendix 1: New Life Fellowship UPC - 2024 Cash flow – Income.**
|**Jan**
**Feb**
**Mar**
**Apr**
**May**
**Jun**
**Jul**
**Aug**
**Sep**
**Oct**
**Nov**
**Dec**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
Opening balance - Current a/c
11,731
-4,631
-3,888
-3,842
-3,899
-2,322
-65
1,097
994
2,330
803
2,572
Opening balance - NLF Proj 50
544
-
-
-
0
-
-
-
-
-
-
-
**12,275**
**-4,631**
**-3,888**
**-3,842**
**-3,899**
**-2,322**
**-65**
**1,097**
**994**
**2,330**
**803**
**2,572**
Income
Tithes & Offering
2,697
2,116
2,243
3,311
4,438
2,827
2,282
2,447
2,806
1,815
2,325
2,379
UPC Disc Contribution
73
-
-
-
-
-
-
-
-
-
-
-
Gift Aid
-
-
-
-
-
-
-
-
-
-
-
-
Building fund
-
-
-
-
750
-
525
2,900
-
-
-
-
PCU Loan
-
-
-
-
-
-
-
-
-
-
-
-
Returned funds
-
-
-
-
-
-
-
-
-
-
-
-
**Total Income**
**2,771**
**2,116**
**2,243**
**3,311**
**5,188**
**2,827**
**2,807**
**5,347**
**2,806**
**1,815**
**2,325**
**2,379**|**Total**
**£**
-39
**-39**
31,684
73.45
0
4175
0
0
**35,933**|
|---|---|
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New Life Fellowship UPC
2024
## **Appendix 2: New Life Fellowship UPC - 2024 Cash flow – Expenditure**
## **Expenditure**
|Building works
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
Missions
Pastor Tithes
Pastors Expenses
Smarties
Stipend
Water
Youth
Zoom
**Monthly Surplus / (Deficit)**|18,000
-
-
-
1,425
-
-
-
644
1,339
-
3,064
24,472
-
-
-
-
-
-
-
-
-
-
-
60
60
50
-
-
-
-
-
-
-
-
-
-
-
50
-
-
-
-
49
-
-
-
9
-
-
107
165
-
-
-
-
-
-
250
550
-
-
-
-
800
-
-
-
10
-
10
-
-
-
10
-
-
30
-
-
-
-
-
-
-
-
-
-
150
-
150
-
-
-
-
-
-
-
4,391
-
-
-
-
4,391
-
-
-
-
-
-
50
-
-
-
-
-
50
-
150
-
-
-
-
-
-
-
-
-
-
150
163
960
1,914
2,283
953
209
49
55
44
211
406
492
7,740
-
-
-
73
53
166
-
-
52
-
-
48
392
5
5
5
5
69
5
5
-
-
626
-
-
724
556
-
278
278
556
-
556
-
278
556
-
556
3,611
-
-
-
-
-
-
40
-
-
-
-
-
40
-
-
-
-
-
-
50
-
20
-
-
-
70
50
-
-
-
-
-
-
-
-
-
-
300
350
300
-
-
-
-
180
-
100
80
100
-
-
760
103
8
-
219
101
-
120
104
93
-
-
112
859
-
-
-
-
-
-
75
-
-
-
-
-
75
250
250
-
500
250
-
250
250
250
500
-
250
2,750
-
-
-
-
-
-
-
-
-
-
-
-
-
200
-
-
-
-
-
200
-
-
-
-
-
400
-
-
-
-
156
-
-
-
-
-
-
-
156|
|---|---|
||**19,677**
**1,373**
**2,196**
**3,368**
**3,611**
**570**
**1,644**
**5,450**
**1,471**
**3,341**
**556**
**4,989**
**48,246**|
||(16,906)
743
46
(57)
1,576
2,257
1,163
(103)
1,335
(1,527)
1,769
(2,610)
(12,314)|
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New Life Fellowship UPC
2024
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