**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
- The furtherance of the work of the Charity by the advancement of such other charitable purposes as the Trustees shall from time to time decide.
## **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
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
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