Registered number 05348864
Nu-Life Christian Trust Charity No. 1111807
Accounts
31 March 2022
Nu-Life Christian Trust Report and accounts Contents
| Page | |
|---|---|
| Company information | |
| Trustees report | |
| Independent examiner's report | |
| Statement of Financial Activities | 1 |
| Balance sheet | 2 |
| Notes to the accounts | 3 |
| Income and expenditure account |
Nu-Life Christian Trust Company Information
Directors
Edak Efefiong Effiom Kayode Olayinka Adesiyan Ijeoma Nmema Udechukwu
Secretary
Ijeoma Nmema Udechukwu
Accountants
Accounts Center Associates Limited 492 Gale Street Dagenham Essex RM9 4NU
Bankers
Registered office
Suite 25, 1st Floor Unimix House Abbey Road Park Royal London NW10 7TR
Registered number
05348864
Nu-Life Christian Trust Registered number:
05348864
The directors present their report and accounts for the year ended 31 March 2022.
Directors' responsibilities
The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.
Company law requires the trustees to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the organisation and of the profit or loss of the organisation for that period. In preparing these accounts, the directors are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the organisation's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Directors
The following persons served as directors during the year:
Edak Efefiong Effiom Kayode Olayinka Adesiyan Ijeoma Nmema Udechukwu
Small company provisions
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
This report was approved by the board on 31 December 2022 and signed on its behalf.
E.E. Effiom Director
Nu-Life Christian Trust
Independent Examiner's Report to the Trustees of Nu-Life Christian Trust for the year ended 31 March 2022
This report on the financial statements of Nu-Life Christian Trust for the year ended 31 March 2022, which are set out on pages 1 to 5, is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 ('the Regulations') and s.145 of the Charities Act 2011 ('the 2011 Act').
Respective responsibilities of the Trustees and examiner
As the charity Trustees of Nu-Life Christian Trust who are also directors for the purposes of company law, you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination, I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. That examination includes a review of the accounting records kept by the Trustees and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, 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
I have completed my examination. I confirm in connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect:
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accounting records were not kept in respect of the company as required by s 396 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the requirements of s 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
J.S. Vincent 31 Decemebr 2022
Nu-Life Christian Trust Statement of financial activities for the year ended 31 March 2022
| Incoming resources Direct charitable expenditure Fundraising and publicity Governance costs Other operating income Operating deficit Profit on the disposal of tangible fixed assets Profit on the disposal of investments Gain on revaluation of investments Income from investments Interest receivable Interest payable Deficit for the year |
Unrestricted funds 2022 £ 100,448 (42,253) 58,195 (250) (86,128) 12,800 (15,383) - - - - - - (15,383) |
Unrestricted funds 2021 £ 204,321 (111,480) |
|---|---|---|
| 92,841 - (148,367) 5,876 |
||
| (49,650) - - - - - - |
||
| (49,650) |
1
Nu-Life Christian Trust Registered number: 05348864 Balance Sheet as at 31 March 2022
| Notes | 2022 | 2021 | |||
|---|---|---|---|---|---|
| £ | £ | ||||
| Fixed assets | |||||
| Tangible assets | 3 | 8,560 | 1,803 | ||
| 8,560 | 1,803 | ||||
| Current assets | |||||
| Debtors | 4 | 4,238 | 2,000 | ||
| Cash at bank and in hand | 22,944 | 42,455 | |||
| 27,182 | 44,455 | ||||
| Creditors: amounts falling | due | ||||
| within one year | 5 | (8,444) | (3,013) | ||
| Net current assets | 18,738 | 41,442 | |||
| Total assets less current | |||||
| liabilities | 27,298 | 43,245 | |||
| Creditors: amounts falling | due | ||||
| after more than one year | 6 | (49,436) | (50,000) | ||
| Net liabilities | (22,138) | (6,755) | |||
| Capital and reserves | |||||
| Revaluation reserve | 7 | - | - | ||
| Reserves | (22,138) | (6,755) | |||
| Shareholder's funds | (22,138) | (6,755) |
The directors are satisfied that the charity is entitled to exemption from the requirement to obtain an audit under the Charities Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
E.E. Effiom Director
Approved by the board on 31 December 2022
2
Nu-Life Christian Trust Notes to the Accounts for the year ended 31 March 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the provisions of the Charities Act 2006, and the Charities (Accounts and Reports) Regulations promulgated thereunder, and the Statements of Recommended Practice issued by the Charity Commission.
Unrestricted funds represent funds which are expendable at the discretion of the trustees in furtherance of the objects of the church and are held in the general fund.
Restricted funds represent grants and donations received and tax refunds arising thereon, which were allocated by the donor for specific purposes.
Direct charitable expenditure
Direct charitable expenditure includes all expenditure which is directly related to the objects of the charity and comprises grants paid and costs whch are directly attributable to charitable activities including charitable support costs.
Management and administration costs
Management and administration costs represent expenditure incurred in the management of the assets of the charity, organisational administration and compliance with constitutional and other statutory requirements. None of the Trustees received any remuneration, nor were paid expenses in the year ended 31/12/2021.
Grants and donations
There were no accruals for these items at the year end
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Equipment and motor vehicles | 20% reducing balance basis | ||
|---|---|---|---|
| Fixtures, fittings, tools and equipment | 20% reducing balance basis | ||
| 2 | Incoming resources | 2022 | 2021 |
| £ | £ | ||
| Unrestricted donations and gift aid tax reclaimable | 100448 | 204321 | |
| 100448 | 204321 |
3
Nu-Life Christian Trust Notes to the Accounts for the year ended 31 March 2022
3 Tangible fixed assets
| Cost At 1 April 2021 Additions At 31 March 2022 Depreciation At 1 April 2021 Charge for the year At 31 March 2022 Net book value At 31 March 2022 At 31 March 2021 4 Debtors Other debtors Gift aid tax recoverable 5 Creditors: amounts falling due within one year Net wages Other taxes and social security costs Other creditors 6 Creditors: amounts falling due after one year Bank loans 7 Unrestricted funds General funds Deficit for the year |
Equipment £ 2,404 8,897 11,301 601 2,140 2,741 8,560 1,803 2022 £ 4,238 - 4,238 2022 £ - - 8,444 8,444 2022 £ 49,436 49,436 2022 £ (6,755) (15,383) (22,138) |
Total £ 2,404 8,897 11,301 601 2,140 2,741 8,560 1,803 2021 £ 2,000 - 2,000 2021 £ 1,437 1,076 500 3,013 2021 £ 50,000 |
|---|---|---|
| 50,000 2021 £ 42,895 (49,650) (6,755) |
4
Nu-Life Christian Trust Notes to the Accounts for the year ended 31 March 2022
8 Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required, not exceeding £1.
9 Other information
Nu-Life Christian Trust is a private company limited by guarantee and incorporated in England, registered no. 05348864. The registerd office is Suite 25, First Floor, Unimix House, Abbey Road, Part Royal, London, NW10 7TR
5
Nu-Life Christian Trust Income and expenditure account for the year ended 31 March 2022
This schedule does not form part of the statutory accounts
| Incoming resources Unrestricted funds Tithes and offerings Gift aid claim Other donations and grants Other operating income Sundry gift aid income Direct charitable expenditure Honoraria Mission costs and support Outreach and youth programmes Hospitality, support and welfare Training, retreat and conference costs Charitable giving and support Ministerial and pastoral expenses Fundraising and publicity Fundraising and publicity costs Other employee costs Wages and salaries Employer's NI Training, seminars and workshops Premises costs Rent and storage costs Cleaning and refuse disposal Utiilities Governance costs Telephone and web costs Computer, media & digital service costs Printing, postage and other office supplies Publications Hire and leasing of motor vehicles Motor expenses Bank charges and loan fees Insurance Repairs and maintenance Accountancy fees Membership support and welfare Depreciation Protective clothing Travel and subsistence Sundry expenses Other operating income Furlough support grants |
2022 £ 60,530 39,608 - 310 - 100,448 1,650 2,454 274 18,282 1,600 5,429 12,564 42,253 250 250 20,000 - - 20,000 33,174 1,462 1,828 36,464 2,421 531 6,760 1,070 - - 103 537 4,374 1,500 4,984 2,140 - 4,944 300 29,664 86,128 12,800 12,800 |
2021 £ 163,719 40,602 - - |
|---|---|---|
| 204,321 | ||
| 7,250 10,004 8,418 30,056 16,321 - 39,431 |
||
| 111,480 | ||
| - | ||
| - | ||
| 20,000 1,548 419 |
||
| 21,967 | ||
| 72,780 - 308 |
||
| 73,088 | ||
| 4,932 79 5,437 3,459 6,008 13,675 120 5,106 6,081 1,500 - 601 721 3,822 1,771 |
||
| 53,312 | ||
| 148,367 | ||
| 5,876 | ||
| 5,876 |
6