REGISTERED CHARITY NUMBER: 1111284
## **NEW LIFE DESTINY BAPTIST**
## **CHURCH**
## **REPORT AND FINANCIAL STATEMENT FOR THE**
## **YEAR ENDED 31[st] OCTOBER 2023**
_J & T LEXINGTON SERVICES LIMITED 8 HOLME CLOSE, REDHILL GRANGE WELLINGBORUOGH NN9 5YF_
## **NEW LIFE DESTINY BAPTIST CHURCH**
||**Page**|
|---|---|
|**CONTENTS**|**2**|
|**Charity information**|**3**|
|**Trustee’s Report**|**4**|
|**Independent Examiner’s report**|**5**|
|**Income and Expenditure Account**|**6**|
|**Balance Sheet**|**7**|
|**Notes to the Accounts**|**8 – 11**|
2
**NEW LIFE DESTINY BAPTIST CHURCH**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1111284
## **Registered office**
Harmondsworth Baptist Church High Street Harmondsworth West Drayton UB7 0AH
## **Trustees**
Rev. Stephen Kasuvu Rev. Walter Orinda Rev. Lilian Orinda
## **Accountants**
J & T Lexington Services Limited 8 Holme Close Redhill Grange Wellingborough NN9 5YF
3
## **NEW LIFE DESTINY BAPTIST CHURCH**
## **Trustees’ Report**
The Trustees have pleasure in submitting their report, and accounts for the year ended 31[st] October 2023. The financial statements have been prepared in accordance with the accounting policies set out on page 9, and comply with the statement of recommended practice.
## **Constitution, objective of the charity, principal activity.**
The charity is governed under a declaration of trust dated 24[th] May 2005 with charity registration number 1111284.
The objectives of the charity:
- The advancement of christian faith.
- Any other charitable purpose.
The ministry is involved in Christian outreach programmes designed to increase Christian awareness and spread the gospel of our Lord Jesus Christ.
## **Review of the financial position**
The charity made a surplus for the year amounting to £14,459. (2022 surplus: £14,051).
## **Approval**
The report was approved by the board of trustees on …………… 2024 and signed on their behalf by:
__________________________ **Walter Orinda**
4
## **NEW LIFE DESTINY BAPTIST CHURCH**
Independent Examiner’s Report To the Trustees
## **NEW LIFE DESTINY BAPTIST CHURCH**
I report on the accounts of the church for the year ended 31[st] October 2023 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
## **Respective responsibilities of trustees and examiner**
The trustees of the charity are responsible for the preparation of the accounts. The charity’s trustee consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act), and that an independent examination is required.
Having satisfied myself that the charity is not subject to audit and is eligible for independent examination, it is my responsibility to:
- 1) Examine the accounts under section 145 of the 2011 Act.
- 2) Follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act) and
- 3) To state whether particular matters have come to my attention.
## **Basis of Independent examiner’s report**
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## Independent examiner’s statement
In the course of my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met reasonable requirements to ensure that:
- proper accounting records are kept (in accordance with section 41 of the Act)
- accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act: or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Joseph Kinuthia C.P.A, DMS, MBA
J & T Lexington Services Limited
8 Holme Close, Redhill Grange Wellingborough NN9 5YF
5
## **NEW LIFE DESTINY BAPTIST CHURCH**
## **Statement of financial activities for the year ended 31[st] October 2023 Incorporating the Income and Expenditure Account**
|**Note**
**Incoming Resources**
**Incoming resources from generated**
**funds**
Voluntary income
**2**
Grant
Gift aid - accrued
**Total Incoming Resources**
**Resources expended**
**Charitable activities**
Repairs & maintenance
Conferences & Church activities
Rent & Rates
Consultancy
Telephone, internet & web
Salaries & wages
Motor vehicle expenses
Gift & Donations
Subsistence Allowance
Professional fees
Mission
Insurance
Bank charges
Printing and stationery
Depreciation of fixed assets
**Governance costs**
**3**
**Total resources expended**
**Net incoming/ (outgoing) resources**
**Balances carried forward at 31st**
**October 2023**|**2023**
£
79,087
-
19,192
**98,279**
27,331
13,035
18,492
-
824
2,824
1,802
4,346
9,559
1,367
362
1,320
-
878
1,180
**83,320**
**500**
**83,820**
**14,459**
**14,459**|**2022**
£|
|---|---|---|
|||44,991
2,500
10,671|
|||**58,162**|
|||8674
4,061
13,571
2,500
729
-
2,612
5,333
500
688
-
1,661
10
2,361
911|
|||**43,611**
**500**|
|||**44,111**|
|||**14,051**
**14,051**|
There were no recognised gains or losses in the year. All activities derive from continuing operations.
6
## **NEW LIFE DESTINY BAPTIST CHURCH**
## **Balance Sheet as at 31[st] October 2023**
|**Note**
**Fixed assets**
Tangible fixed assets
**4**
**Current assets**
Debtors
**5**
Cash at bank and in hand
**Creditors**- amounts falling due
within one year
**6**
**Net current assets/(liabilities)**
**Net assets**
Represented by:
**Funds of the charity**
Reserves
Net incoming resources|19,192
23,437||**2023**
£
8,136
42,129
**50,265**
35,807
14,458
**50,265**||**2022**
£
6,017
10,671
19,619|**2022**
£
6,017
10,671
19,619|
|---|---|---|---|---|---|---|
||42,629||||30,290||
||(500)|||||(500)|
||||||
29,790||
||||||**35,807**||
||||||21,756
14,051||
||||||**35,807**||
The financial statements were approved by the Trustees on ……………2024 and signed on their behalf by:
## **Rev. Walter Orinda_____________________________**
## **Trustee**
7
## **NEW LIFE DESTINY BAPTIST CHURCH**
## **Notes to the financial statements for the year ended 31[st] October 2023**
## **1. Accounting policies**
## **a) Accounting basis**
These accounts have been prepared on the receipts and payments basis under section 42(3) of the Charities Act 1993 and the Statement of Recommended Practice on Accounting by Charities published in March 2008. The adoption of the revised SORP has resulted in reclassification of some items.
## **b) Incoming resources**
## **i) Voluntary income**
Voluntary income is received by way of Tithes offerings, donations and gifts and is included in full in the Statement of Financial Activities when receivable.
## **ii) Bank interest**
Bank interest is included in the income and expenditure account on receipt.
## **c) Resources expended**
All expenditure is accounted for on an accruals basis.
## **d) Fixed assets and depreciation**
Fixed assets are included at cost. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life using the reducing balance method.
Equipments – 12% Motor vehicle - 25% Fixtures & fittings – 6.5%
## **e) Restricted and unrestricted funds**
Income received for restricted purposes is included in a separate restricted fund against which appropriate expenditure is allocated. Restricted funds are those funds which represent grants and donations for a specific purpose. Upon full performance of the purpose of the grant, any surplus is then retrievable by the donor. Income generated for the objects of the charity without further specified purpose is allocated to unrestricted funds. Accumulated surpluses may be retained by the church and are expendable at the discretion of the trustees in furtherance of the church’s objects. There were no restricted funds during the year.
8
**NEW LIFE DESTINY BAPTIST CHURCH**
## **Notes to the financial statements for the year ended 31[st] October 2023**
## **1. Accounting policies (continued)**
## **e) Designated funds**
Designated funds are allocated out of unrestricted funds by the trustees for specific purposes. The use of such funds is at the trustees’ discretion. There were no designated funds during the year.
## **g) Irrecoverable VAT**
The church is unable to recover VAT since it does not make taxable supplies. The cost of irrecoverable VAT is not separately analysed in the financial statements.
## **h) Cash Flow**
The church has taken advantage of the exemptions in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small church.
## **2. Incoming resources from generated funds**
|**Voluntary income**
Tithes and offerings|**Unrestricted**
**£**
79,087
79,087|**Restricted**
**£**
-
-|**Total funds**
**2023**
**£**|
|---|---|---|---|
||||79,087|
||||79,087|
## **3. Governance costs**
|Accountancy fees|**£**
500|
|---|---|
||500|
9
## **NEW LIFE DESTINY BAPTIST CHURCH**
## **Notes to the financial statements for the year ended 31[st] October 2023**
## **4. Tangible fixed assets**
|**Cost**
At 1stNovember 2022
Additions
At 31stOctober 2023
**Depreciation**
At 1stNovember 2022
Charge
At 31stOctober 2023
**Net book value 2023**
**Net book value 2022**|**Fixtures &**
**Fittings**
**£**
1,850
-
1,850
1,104
48
1,152
698
746|**Church**
**Equipments**
**&**
**Instruments**
**£**
14,967
3,299
18,266
10,497
932
11,429
6,837
4,470|**Motor**
**Vehicle**
**£**
10,495
-
10,495
9,694
200
9,894
601
801|**Total**
**£**|
|---|---|---|---|---|
|||||27,312
3,299|
|||||30,611|
|||||21,295
1,180|
|||||22,475|
|||||8,136|
|||||6,017|
## **5. Creditors – amounts falling due within one year**
|Debtors – Due from
HMRC|**2023**
**£**
19,192
19,192|**2022**
**£**|
|---|---|---|
|||10,671|
|||10,671|
## **6. Creditors – amounts falling due within one year**
|Creditors & accruals||**2023**
**£**
500|**2022**
**£**
500|
|---|---|---|---|
|||500|500|
10
## **NEW LIFE DESTINY BAPTIST CHURCH**
## **Notes to the financial statements for the year ended 31[st] October 2023**
## **7. Financial commitments**
## **Capital Commitments**
The church had no capital commitments as at 31[st] October 2023.
## **Operating lease commitments**
The church had no operating lease commitments as at 31[st] October 2023.
11