Registered number 05348864 Nu-Life Christian Trust Charity No. 1111807 ## Accounts 31 March 2023 ## **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 Ijeoma Nmema Udechukwu Michael Alake ## **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** ## **Independent Examiner's Report to the Trustees of Nu-Life Christian Trust for the year ended 31 March 2023** This report on the financial statements of Nu-Life Christian Trust for the year ended 31 March 2023, 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: 1. accounting records were not kept in respect of the company as required by s 396 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. 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 4. 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** 30 December 2023 ## **Nu-Life Christian Trust Statement of financial activities for the year ended 31 March 2023** |**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**
Unrestricted
**funds**
funds
**2023**
**2022**
**£**
**£**
**110,448**
100,448
**(33,488)**
(42,253)
**76,960**
58,195
**(670)**
(250)
**(86,800)**
(86,128)
**-**
12,800
**(10,510)**
(15,383)
**-**
-
**-**
-
**-**
-
**-**
-
**-**
-
**(1,169)**
-
**(11,679)**
(15,383)| |---|---| 1 **Nu-Life Christian Trust Registered number: Balance Sheet as at 31 March 2023** ## 05348864 ||**Notes**||**2023**||**2022**| |---|---|---|---|---|---| ||||**£**||**£**| |**Fixed assets**|||||| |Tangible assets|3||**8,099**||8,560| ||||**8,099**||8,560| |**Current assets**|||||| |Debtors|4|**4,902**||4,238|| |Cash at bank and in hand||**3,954**||22,944|| |||**8,856**||27,182|| |**Creditors: amounts falling due**|||||| |**within one year**|5|**(7,223)**||(8,444)|| |**Net current assets**|||**1,633**||18,738| |**Total assets less current**|||||| |**liabilities**|||**9,732**||27,298| |**Creditors: amounts falling due**|||||| |**after more than one year**|6||**(43,549)**||(49,436)| |**Net liabilities**|||**(33,817)**||(22,138)| |**Capital and reserves**|||||| |Revaluation reserve|7||**-**||-| |Reserves|||**(33,817)**||(22,138)| |**Shareholder's funds**|||**(33,817)**||(22,138)| 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 30 December 2023 2 ## **Nu-Life Christian Trust Notes to the Accounts for the year ended 31 March 2023** ## **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**|**2023**|**2022**| |||**£**|**£**| ||Unrestricted donations and gift aid tax reclaimable|110448|100448| |||110448|100448| 3 **Nu-Life Christian Trust Notes to the Accounts for the year ended 31 March 2023** ## **3 Tangible fixed assets** |**Cost**
At 1 April 2022
Additions
At 31 March 2023
**Depreciation**
At 1 April 2022
Charge for the year
At 31 March 2023
**Net book value**
At 31 March 2023
At 31 March 2022
**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**
**Total**
**£**
**£**
11,301
11,301
1,564
1,564
12,865
12,865
2,741
2,741
2,025
2,025
4,766
4,766
8,099
8,099
8,560
8,560
**2023**
**2022**
**£**
**£**
4,902
4,238
-
-
4,902
4,238
**2023**
**2022**
**£**
**£**
-
-
-
-
7,223
8,444
7,223
8,444
**2023**
**2022**
**£**
**£**
43,549
49,436
43,549
49,436
**2023**
**2022**
**£**
**£**
(22,138)
(6,755)
(11,679)
(15,383)
(33,817)
(22,138)| |---|---| 4 **Nu-Life Christian Trust Notes to the Accounts for the year ended 31 March 2023** ## **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