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2021-08-31-accounts

REGISTERED COMPANY NUMBER: 05854630 (England and Wales) REGISTERED CHARITY NUMBER: 1116023

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2021

FOR

NEW COMMUNITY CHURCH S E LONDON

44 Grand Parade Brighton East Sussex BN2 9QA

Chariot House Limited Chartered Accountants

NEW COMMUNITY CHURCH S E LONDON

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2021

Page
Report of the Trustees 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9 to 10
Cash Flow Statement 11
Notes to the Cash Flow Statement 12
Notes to the Financial Statements 13 to 22

NEW COMMUNITY CHURCH S E LONDON (REGISTERED NUMBER: 05854630)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st August 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objectives of the Charity, in accordance with the Memorandum of Association, are:-

- The advancement of the Christian faith; and

Public benefit

The Trustees have considered the Charity Commission's guidance on providing public benefit. We believe that the impact of the Christian faith should reach far beyond the four walls of the church. The Christian faith is not just good news for our members, but also for all those around us. We believe the message of Jesus has the power to transform people's whole lives for good, both spiritually and practically. Because we believe in a God who loves all people unconditionally we welcome everyone who would wish to join one of our services, courses or groups. The services we provide are of benefit to all who access them, regardless of whether they go on to become Christians themselves. We believe that providing such services are of benefit to the individual and to society as a whole.

Page 1

NEW COMMUNITY CHURCH S E LONDON (REGISTERED NUMBER: 05854630)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31ST AUGUST 2021

STRATEGIC REPORT Achievement and performance Charitable activities

Church Venues

This financial year has, like for most, been dominated by the covid pandemic. We did not meet physically for our Sunday gatherings for the majority of the financial year, but saw hundreds of people join us online every Sunday. We moved most of our physical gatherings online, including our prayer meetings and mid week small group. The building remained closed to the public, but open for essential services such as Foodbank.

Despite the limitations placed on us, we saw lots of opportunities to launch new initiatives, such as online lunchtime prayer meetings and an online weekly dedicated kids church. This started as a live gathering on Zoom and moved to a pre-recorded, high-quality production. This was watched by kids of all ages and their families.

This continued up until Easter when, following the lifting of restrictions, we were able to have our first in person, socially distanced meeting on Easter Sunday and launch an afternoon meeting with kids church shortly after. We saw 10 people get baptised and were encouraged by increasing numbers on a Sunday as more and more restrictions lifted.

Ministries

Oasis / Canopy

After running the online Oasis sessions up to the summer, we decided to take a break from doing any live or Oasis sessions in September 2020. The changing restrictions and lockdowns meant that it was difficult to start anything that would be beneficial to the people that we wanted serve. The break gave the team time to assess the needs in the borough and the decision was made to start something that was completely new; a smaller group for babies and toddlers, targeting families that really need support through referrals from frontline professionals and Love Bexley (see below), as well as keeping it more local through targeted promotion. The newly named Canopy launched in September 2021.

Youth

The covid restrictions meant we could no longer meet in person, so youth moved to meeting online. Encouragingly we did not see a drop in numbers and were able to continue meeting weekly. A decision was made to merge both age groups in order to facilitate friendship across the age range. On average there were 25 - 30 youth per evening.

We ran a youth Alpha course with around 35 young people, launched a one-to-one mentoring scheme to help address some of the pastoral needs and began looking at starting a group for the older teenage girls. Once restrictions were lifted, the meetings moved from online back to in-person.

Students

Covid prevented us from running the annual freshers events, so instead, we ran quizzes online to reach students and held weekly small groups on Zoom for around 10 students. To reach students we increased our social media content, posting three times a week, which resulted in one student becoming a Christian and another getting baptised.

Social Action

Love Bexley

Love Bexley was impacted during the pandemic as many frontline professionals were limited in what they could do due to the restrictions in place. Despite this, we successfully helped out 26 families with items that included double and single beds, wardrobes, cots, clothes for children, tables and chairs and many other items. Through the use of a local church's van we were able to deliver multiple large items to different families.

Bexley Winter Shelter

Page 2

NEW COMMUNITY CHURCH S E LONDON (REGISTERED NUMBER: 05854630)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2021

Bexley Winter Shelter (BWS) is a Borough wide initiative by churches that hosts homeless men during the coldest weeks of the year. Due to the Coronavirus pandemic, accommodation for this season was provided in B&Bs in Bexleyheath. BWS provided an evening meal as a further way of engaging with and helping the guests. These meals were cooked at a number of church venues across the borough, however New Community Church hosted the cooking for four nights of the week and provided many volunteers.

Foodbank

Bexley Foodbank, part of The Trussell Trust, operates a distribution centre from New Community Church. Throughout the pandemic, the Foodbank was recognised as an essential service and allowed to continue operations. We fulfilled 292 food vouchers, which fed 423 adults and 272 children. As a church we donated 215 kg of food. In addition, we continued to be a drop off point and a further 19 tonnes of food and toiletry items were donated.

External Support

As a church, we support four main charities.

Compassion is a leading children's charity whose mission is to release children from poverty in Jesus' name. The main way they do this is through child sponsorship. Over 145 children are sponsored by members of New Community Church, many of which are from the same village in Nairobi in Kenya.

International Justice Mission (IJM)

New Community continues to partner with IJM in a number of ways, including raising awareness and fundraising.

Home for Good which aims to make adoption and fostering a significant part of the life and ministry of the Church in the UK.

Safe Families is a charity that works with over 35 local authorities around the UK to offer hope, belonging and support to children, families and care leavers, primarily through local churches.

Financial review

Financial review and results

The Charity derives the majority of its income from voluntary donations and associated income tax recovery in respect of "gift aid" donations. During this accounting period, 97 percent of income came from this source and a further 3 percent of income came from non-budgeted activity and interest on cash deposits.

Reserves policy

The Trustees' Reserves Policy is to hold reserves of three months' turnover to be prudent. During this accounting period reserves were consistently in excess of this amount, and at year end unrestricted reserves were £1,240,607.

The Trustees seek to ensure that funds are unrestricted, where possible. This helps ensure that funds can be spent where they are most needed. The Trustees take into account the reserves policy in all decisions associated with budgeting and spending.

Designated reserves of £516,254 represent the acquisition and development cost of the premises of the charity, 24 Station Road, reducing on an annual basis through related depreciation. The year-end balance for total designated reserves was £578,037.

Grants

Gifts to external organisations and individuals are considered by the Elders and Trustees on the basis of need and fulfilment of charitable objectives. There is no upper limit of support.

Page 3

NEW COMMUNITY CHURCH S E LONDON (REGISTERED NUMBER: 05854630)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31ST AUGUST 2021

STRATEGIC REPORT Financial review

Covid-19

Impact on activities

As explained in the report, covid caused many of our activities to move online or pause temporarily until restrictions lifted. We continued to care for our church members through our small groups, called Communities, that all moved online. We had regular church-wide prayer meetings online, even on Christmas Day.

Impact on finances

Encouragingly, we only saw a minimal reduction in our finances, which was mainly because the closing of our in person meetings meant we could no longer receive cash donations. We encouraged those donating by cash to switch to standing orders, so our financial impact was small. This also meant we did not need to benefit from the government's furlough scheme.

Measures taken to comply with Regulations

Throughout the pandemic we constantly monitored the Government guidelines relating to places of worship and complied with these guidelines. We created risk assessments and clear plans for each event and area of church life affected and we're confident these allowed us to run covid-safe meetings and events.

Future plans

We linked our Welling and Eltham congregations together as we were no longer able to meet in the venue in Welling that we had pre-covid and relaunched our Sunday meeting in Eltham in October 2021. We re-launched Kids church in all meetings and will continue to look to build teams and leaders as more and more people come back after covid.

We are in the process of applying for planning permission to improve the front of the building, to make it look more open and to tidy up the carpark area.

For a number of years we have had informal partnership and local cooperation with St. Andrew's church in Albany Park regarding building usage and mission opportunities. We have now explored more formally the creation of a Local Ecumenical Partnership (LEP) agreement with the Archdeacon, and the PCC to use St Andrew's church building for Christian mission and the benefit of the local community. This will mean we take on the day to day finances and running of the building. We anticipate this formal agreement will be signed soon.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

New Community is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association. Charity number 1116023, Company number 5854630. Registered address is 24 Station Road, Sidcup, DA15 7DU

Recruitment and appointment of new trustees

The Trustees of the charity are also Directors of the charitable company. The management of New Community is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum and Articles of Association. Trustees are recruited from within the church membership and they receive induction training and are kept up to date with information that is relevant to managing a charity and a voluntary organisation. Included within the agenda for each Trustee meeting, is a Governance item drawing attention to relevant items from the Charity Commission's website, including the wider lessons from Inquiry Reports. These are included to help train, develop and maintain the competence of the Trustees.

Page 4

NEW COMMUNITY CHURCH S E LONDON (REGISTERED NUMBER: 05854630)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

The Trustees are responsible for the management and administration of the Charity and its assets along with ensuring the income of the charity furthers the charitable objects.

The Elders are responsible for setting and overseeing the strategy, vision and spiritual leadership of the church. Elders are recognised and appointed on the basis of the biblical requirements for Eldership.

The Eldership Team comprises:

James Silley Lead Elder David Holden Elder (non-staff) Tony Dark Elder (resigned 31 December 2021) Greg Shepherd Elder (non-staff) Dayo Kolajo Elder (non-staff) Joe Symeou Elder

The Eldership team is supported by the New Community staff team and many volunteers who assist in the general day-to-day running of the charity and the various ministries and events that are run.

Induction and training of new trustees

When considering new Trustee appointments, the Elders and existing Trustees select prospective new members based on their Christian experience and professional skill set.

The Agenda for each Trustee meeting includes a Governance item drawing attention to relevant items from the Charity Commission's website, including the wider lessons from the Inquiry Reports. These are included to help train, develop and maintain the competence of the Trustees.

Key management remuneration

The total remuneration for Key Management Personnel was £245,405.

Risk management

The Trustees are responsible for ensuring all the major risks to the church are reviewed and assessed on a regular basis. A risk management register has been completed and is reviewed regularly along with all policies and procedures that are in place covering areas such as safeguarding and financial procedures.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

05854630 (England and Wales)

Registered Charity number

1116023

Registered office

New Community Church Centre 24 Station Road Sidcup Kent DA15 7DU

Page 5

NEW COMMUNITY CHURCH S E LONDON (REGISTERED NUMBER: 05854630)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31ST AUGUST 2021

Trustees N Barnes J P Lewis G Shepherd M Lyons T Adeleye P Makambe L O O Johnson (appointed 20/7/2021) Independent Examiner John Thacker FCA DChA Institute of Chartered Accountants in England and Wales Chariot House Limited Chartered Accountants 44 Grand Parade Brighton East Sussex BN2 9QA Bankers Barclays Bank PLC 76A New Road Gravesend DA11 0AF

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 9th May 2022 and signed on the board's behalf by:

M Lyons - Trustee

Page 6

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW COMMUNITY CHURCH S E LONDON

Independent examiner's report to the trustees of New Community Church S E London ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st August 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its 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 as 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.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 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 in the 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.

John Thacker FCA DChA Institute of Chartered Accountants in England and Wales Chariot House Limited Chartered Accountants 44 Grand Parade Brighton East Sussex BN2 9QA

17th May 2022

Page 7

NEW COMMUNITY CHURCH S E LONDON

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
4
Build Local Church
External Ministry
Social Action
Investment income
3
Other income
Total
EXPENDITURE ON
Charitable activities
5
Build Local Church
External Ministry
Social Action
Total
NET INCOME
Transfers between funds
15
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
797,228
4,072
-
1,352
3,936
100
806,688
668,277
1,100
35,135
704,512
102,176
(736)
101,440
1,139,168
1,240,608		 Restricted
funds
£
14,953
-
-
-
-
-
14,953
12,015
-
-
12,015
2,938
736
3,674
40,148
43,822		 2021
Total
funds
£
812,181
4,072
-
1,352
3,936
100
821,641
680,292
1,100
35,135
716,527
105,114
-
105,114
1,179,316
1,284,430		 2020
Total
funds
£
847,280
15,672
13
-
1,612
514
865,091
753,269
19,060
34,041
806,370
58,721
-
58,721
1,120,595
1,179,316

The notes form part of these financial statements

Page 8

NEW COMMUNITY CHURCH S E LONDON (REGISTERED NUMBER: 05854630)

BALANCE SHEET

31ST AUGUST 2021

Notes
FIXED ASSETS
Tangible assets
12
CURRENT ASSETS
Debtors
13
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
15
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
551,638
19,467
694,012
713,479
(24,510)
688,969
1,240,607
1,240,607		 Restricted
funds
£
-
-
43,823
43,823
-
43,823
43,823
43,823		 2021
Total
funds
£
551,638
19,467
737,835
757,302
(24,510)
732,792
1,284,430
1,284,430
1,240,607
43,823
1,284,430		 2020
Total
funds
£
588,821
31,404
580,507
611,911
(21,416)
590,495
1,179,316
1,179,316
1,139,168
40,148
1,179,316

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The financial statements were approved by the Board of Trustees and authorised for issue on 9th May 2022 and were signed on its behalf by:

The notes form part of these financial statements

continued...

Page 9

NEW COMMUNITY CHURCH S E LONDON (REGISTERED NUMBER: 05854630)

BALANCE SHEET - continued

31ST AUGUST 2021

M Lyons - Trustee

The notes form part of these financial statements

Page 10

NEW COMMUNITY CHURCH S E LONDON

CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST AUGUST 2021

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Net cash used in investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning
of the reporting period
Cash and cash equivalents at the end of the
reporting period		 2021
£
158,927
158,927
(1,699)
100
(1,599)
157,328
580,507
737,835		 2020
£
82,151
82,151
(7,748)
930
(6,818)
75,333
505,174
580,507

The notes form part of these financial statements

Page 11

NEW COMMUNITY CHURCH S E LONDON

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST AUGUST 2021

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES OPERATING ACTIVITIES
2021 2020
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) 105,114 58,721
Adjustments for:
Depreciation charges 38,882 39,463
Profit on disposal of fixed assets (100) (514)
Decrease in debtors 11,937 8,726
Increase/(decrease) in creditors 3,094 (24,245)
Net cash provided by operations 158,927 82,151

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1/9/20 Cash flow At 31/8/21
£ £ £
Net cash
Cash at bank and in hand 580,507 157,328 737,835
580,507 157,328 737,835
Total 580,507 157,328 737,835

The notes form part of these financial statements

Page 12

NEW COMMUNITY CHURCH S E LONDON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - Straight line over 25 years
Fixtures and fittings - Straight line over 10 years
Computer equipment - Straight line over 4 years

Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK Corporation Tax purposes. Accordingly the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 13

NEW COMMUNITY CHURCH S E LONDON

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2021

1. ACCOUNTING POLICIES - continued

Going concern

The directors consider that there are no material uncertainties about the company's ability to continue as a going concern. The directors consider that COVID-19 will not have a significant impact on the company's ability to continue trading. Income from trading activities is expected to reduce due to the lockdown conditions and steps are being taken to make cost savings. The directors regard any impact to be short term rather than affecting the company's ability to continue as a going concern. There are no material uncertainties affecting the current year's accounts.

2. DONATIONS AND LEGACIES

3.

Fellowship fund
Offerings & covenanted income
Tax recoveries
INVESTMENT INCOME
Investment income		 2021
£
11,258
667,840
133,083
812,181
2021
£
3,936		 2020
£
20,427
690,587
136,266
847,280
2020
£
1,612

4. INCOME FROM CHARITABLE ACTIVITIES

INCOME FROM CHARITABLE ACTIVITIES
Build local church
External Ministry		 Build
Local
Church
£
4,072
-
4,072		 2021
2020
Social
Total
Total
Action
activities
activities
£
£
£
-
4,072
14,434
1,352
1,352
1,251
1,352
5,424
15,685
15,685

continued...

Page 14

NEW COMMUNITY CHURCH S E LONDON

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2021

5. CHARITABLE ACTIVITIES COSTS

CHARITABLE ACTIVITIES COSTS
Build Local Church
External Ministry
Social Action		 Direct
Costs (see
note 6)
£
387,689
1,100
2,000
390,789		 Support
costs (see
note 7)
£
292,603
-
33,135
325,738		 Totals
£
680,292
1,100
35,135
716,527

6. DIRECT COSTS OF CHARITABLE ACTIVITIES

Grants to Institutions

The following grants were paid to institutions during the year:

£
New Ground Churches 48,000
Fusion 3,600
Power the Fight 2,400
John 3:16 Trust 1,200
Ashburnham Place 1,000
56,200
7. SUPPORT COSTS
Management
£
Build Local Church 292,603
Social Action 33,135
325,738

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2021 2020
£ £
Depreciation - owned assets 38,882 39,463
Surplus on disposal of fixed assets (100) (514)
Independent examination 2,760 2,700

Page 15

continued...

NEW COMMUNITY CHURCH S E LONDON

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2021

9. TRUSTEES' REMUNERATION AND BENEFITS

During the period Mrs M Lyons, a trustee, received a salary of £43,788 (2020: £43,123) together with contributions into a pension scheme of £4,379 (2020: £4,312). No other Trustees directly received remuneration or benefit from the charity during the period.

Trustees' expenses

Reimbursement of expenses amounting to £141 (2020: £160) was paid to 1 (2020: 2) Trustee.

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Pastors and administration		 2021
£
389,095
33,300
35,306
457,701
2021
13		 2020
£
411,521
35,770
37,035
484,326
2020
13

No employees received emoluments in excess of £60,000.

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Build Local Church
External Ministry
Investment income
Other income
Total
EXPENDITURE ON
Charitable activities
Build Local Church
External Ministry
Social Action		 Unrestricted
funds
£
826,853
15,581
13
1,612
514
844,573
739,489
19,060
34,041		 Restricted
funds
£
20,427
91
-
-
-
20,518
13,780
-
-		 Total
funds
£
847,280
15,672
13
1,612
514
865,091
753,269
19,060
34,041

Page 16

continued...

NEW COMMUNITY CHURCH S E LONDON

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2021

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
funds
funds
£
£
Total
792,590
13,780
NET INCOME
51,983
6,738
Transfers between funds
(634)
634
Net movement in funds
51,349
7,372
RECONCILIATION OF FUNDS
Total funds brought forward
1,087,820
32,775
TOTAL FUNDS CARRIED FORWARD
1,139,169
40,147
12.
TANGIBLE FIXED ASSETS
Fixtures
Freehold
and
Computer
property
fittings
equipment
£
£
£
COST
At 1st September 2020
880,587
60,626
59,813
Additions
-
-
1,699
Disposals
-
-
(13,251)
At 31st August 2021
880,587
60,626
48,261
DEPRECIATION
At 1st September 2020
333,513
27,496
51,196
Charge for year
30,818
4,246
3,818
Eliminated on disposal
-
-
(13,251)
At 31st August 2021
364,331
31,742
41,763
NET BOOK VALUE
At 31st August 2021
516,256
28,884
6,498
At 31st August 2020
547,074
33,130
8,617		 Total
funds
£
806,370
58,721
-
58,721
1,120,595
1,179,316
Totals
£
1,001,026
1,699
(13,251)
989,474
412,205
38,882
(13,251)
437,836
551,638
588,821

continued...

Page 17

NEW COMMUNITY CHURCH S E LONDON

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2021

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Other debtors
Prepayments and accrued income
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Accruals and deferred income
15.
MOVEMENT IN FUNDS
Net
movement
At 1/9/20
in funds
£
£
Unrestricted funds
General fund
527,538
135,032
Designated Building Fund
547,071
(30,817)
Designated Building the Mission
60,389
(2,340)
Designated Offering Fund
4,170
300
1,139,168
102,175
Restricted funds
Fellowship Fund
18,009
4,245
Building the Mission
4,000
-
IJM
-
100
Eltham venue
3,724
-
Students
1,705
-
Welling Venue
12,000
(5,000)
Love Bexley
472
44
Bexley Foodbank
238
-
Gift Day 2021
-
3,000
Wedding Gift
-
550
40,148
2,939
TOTAL FUNDS
1,179,316
105,114		 2021
£
364
19,103
-
19,467
2021
£
9,487
9,733
5,290
24,510
Transfers
between
funds
£
-
-
-
(736)
(736)
-
-
-
-
-
-
736
-
-
-
736
-		 2020
£
-
24,689
6,715
31,404
2020
£
6,391
10,039
4,986
21,416
At
31/8/21
£
662,570
516,254
58,049
3,734		 2020
£
-
24,689
6,715
31,404
2020
£
6,391
10,039
4,986
21,416
1,240,607
22,254
4,000
100
3,724
1,705
7,000
1,252
238
3,000
550
43,823
1,284,430

continued...

Page 18

NEW COMMUNITY CHURCH S E LONDON

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2021

15. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Designated Building Fund
Designated Building the Mission
Designated Offering Fund
Restricted funds
Fellowship Fund
IJM
Welling Venue
Love Bexley
Gift Day 2021
Wedding Gift
TOTAL FUNDS		 Incoming
resources
£
806,228
-
160
300
806,688
11,259
100
-
44
3,000
550
14,953
821,641		 Resources
Movement
expended
in funds
£
£
(671,196)
135,032
(30,817)
(30,817)
(2,500)
(2,340)
-
300
(704,513)
102,175
(7,014)
4,245
-
100
(5,000)
(5,000)
-
44
-
3,000
-
550
(12,014)
2,939
(716,527)
105,114

continued...

Page 19

NEW COMMUNITY CHURCH S E LONDON

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2021

15. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Designated Building Fund
Designated Building the Mission
Designated Offering Fund
Restricted funds
Fellowship Fund
Building the Mission
IJM
Eltham venue
Students
Welling Venue
Love Bexley
Bexley Foodbank
TOTAL FUNDS		 At 1/9/19
£
439,008
577,888
70,924
-
1,087,820
9,477
4,000
545
4,848
1,705
12,000
-
200
32,775
1,120,595		 Net
movement
in funds
£
89,164
(30,817)
(10,535)
4,170
51,982
8,532
-
(545)
(1,124)
-
-
(162)
38
6,739
58,721		 Transfers
between
funds
£
(634)
-
-
-
(634)
-
-
-
-
-
-
634
-
634
-		 At
31/8/20
£
527,538
547,071
60,389
4,170
1,139,168
18,009
4,000
-
3,724
1,705
12,000
472
238
40,148
1,179,316

continued...

Page 20

NEW COMMUNITY CHURCH S E LONDON

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2021

15. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Designated Building Fund
Designated Building the Mission
Designated Offering Fund
Restricted funds
Fellowship Fund
IJM
Eltham venue
Love Bexley
Bexley Foodbank
TOTAL FUNDS		 Incoming
resources
£
777,938
-
2,465
64,170
844,573
20,427
-
-
-
91
20,518
865,091		 Resources
Movement
expended
in funds
£
£
(688,774)
89,164
(30,817)
(30,817)
(13,000)
(10,535)
(60,000)
4,170
(792,591)
51,982
(11,895)
8,532
(545)
(545)
(1,124)
(1,124)
(162)
(162)
(53)
38
(13,779)
6,739
(806,370)
58,721

Designated funds

The building fund is an unrestricted fund designated by the Trustees and relates to the cost of the premises currently owned, plus its fixtures and fittings.

Restricted funds

Specific offerings were collected during 2015 explicitly for the further development of the Station road premises and associated expenditure, which in the opinion of the Trustees represents restricted funds. The money has been spent on the improvements of the buildings during 2015 and 2016.

continued...

Page 21

NEW COMMUNITY CHURCH S E LONDON

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2021

16. RELATED PARTY DISCLOSURES

During the period a payment of £58,000 was made to and income of £840 was received from New Ground, a charity with a common Trustee.

Payments during the period to persons or companies connected to the trustees amounted to £nil (2020: £nil).

Page 22