**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 2022** 

## **FOR** 

## **NEW COMMUNITY CHURCH S E LONDON** 

Chariot House Limited Chartered Accountants 

44 Grand Parade Brighton East Sussex BN2 9QA 



**NEW COMMUNITY CHURCH S E LONDON** 

**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2022** 

|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|5|
|**Independent Examiner's Report**||6||
|**Statement of Financial Activities**||7||
|**Balance Sheet**||8||
|**Cash Flow Statement**||9||
|**Notes to the Cash Flow Statement**||10||
|**Notes to the Financial Statements**|11|to|19|





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

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2022** 

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 2022. 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 2022** 

## **STRATEGIC REPORT Achievement and performance** 

## **Charitable activities** 

## **Church Venues** 

Having met in one location after the lockdown was lifted, we relaunched all of our Sunday meetings at the start of October 2021. The venue we had hired for our Welling meeting was no longer available, so we linked our Welling and Eltham congregations together, which met in Eltham. We also started a mid week meeting for five months, which was designed to help transition those struggling to come back to the larger Sunday meetings after covid. The church has continued to grow and begin to return to pre-pandemic numbers. 

## **Ministries** 

## **Oasis / Canopy** 

Canopy was opened in September 2021, a group for babies and toddlers, targeting families that really needed support through referrals from frontline professionals and Love Bexley (see below). As the year progressed it became clear we could have a greater impact in the community if we opened the group up and utilised the newly completed coffee bar. In July 2022 plans were made to launch a Play Cafe in September 2022, which would serve the families within the community in a much better way. 

## **Youth** 

The youth met weekly during this time for youth community which was held on Tuesday nights. The mentoring scheme for one to one discipleship continued and they also met regularly for socials and fun nights. In the Winter term a number of the youth got baptised in Eltham which was exciting and stirred faith. Newday was a huge highlight during the summer where 53 teenagers went to Norfolk for the festival in August. As well as having fun, building relationships and enjoying the unique experience that camping with 1000's of other young people brings, a significant number encountered God and the fruit of these encounters is still evident in their lives. 

## **Students** 

This year was focused on rebuilding New Community Church's relationship with the local universities following Covid. A number of events were run including Try Church, Tea and Doughnuts and attending the freshers fairs at Rose Bruford and the Avery Hill campus of Greenwich University. 

## **Social Action** 

## **Love Bexley** 

This year we successfully helped out 60 families with items that included double and single beds with mattresses, wardrobes, cots, clothes for children 0-10, table and chairs. After a very generous donation we were also able to buy white goods such as cookers and fridge freezers and have them delivered to homes. In February we launched a webpage updating weekly the items that were needed to encourage more people to be involved in both sourcing and delivering the items required. 

## **Christmas Presents** 

In December we continued our partnership with three local organisations by providing Christmas presents that could be donated to families in need. 60 presents were donated to Solace who gave them to children at their annual Christmas party, 25 to Safe Families which were distributed to families supported by Safe Families in the area and 15 to Angel Tree which were given to children of Fathers who are in prison. 

## **Foodbank** 

Bexley Foodbank, part of The Trussell Trust, operates a distribution centre from New Community Church. 414 food vouchers were fulfilled, which was over 120 more than the previous year. The food provided fed 598 adults and 422 children. As a church we donated 967 kg of food, an increase of over 750 kg. The Foodbank also saw an increase in the number of volunteers from both New Community Church and the local community. 

Page 2 



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

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2022** 

## **External Support** 

As a church, we support three main charities. 

**Power the Fight** exists to empower communities to end youth violence by working with young people, families, schools, local authorities, faith groups and community organisations who want to be equipped to engage with youth violence issues in their context. 

**Fusion** is committed to championing a worldwide student movement through equipping students and preparing them for a life of mission and discipleship at University. 

The **John 3:16 Trust** exists to help to see the gospel preached, the sick healed, the faith defended, the saints equipped, believers taught an d to write books in such a way as to advance the Christian faith. 

## **Financial review** 

## **Financial position** 

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, 95 percent of income came from this source and a further 5 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 £1,325,564. 

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 £485,438 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 £551,749. 

Key Management remuneration 

The total remuneration for Key management personnel was £253,025. 

## **Impact on finances** 

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. 

## **Future plans** 

In July 2022 we installed a Coffee bar in our downstairs space with a view of it benefiting the community. Soon after with the cost of living increases and the need for more warm spaces it became a key area of our building. We have a number of regular events run in the coffee bar including a weekly Play Cafe, which provides a space with a variety of soft play, craft, singing and story time, with free use of baby weighing scales. There is a dedicated time for students and youth to use the coffee bar and serve the local community. We also opened on a Wednesday to create a warm space as well as a place for people to work from. 

The Local Ecumenical Partnership agreement discussions are still ongoing with the Church of England. As well as continuing to use the building for Christian mission and the benefit of the local community, this agreement will mean  we take on the day to day finances and running of St Andrews in Albany Park and are still hopeful that the formal agreement will be signed soon. 

Page 3 



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

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2022** 

## **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. 

## **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|
|---|---|
|Jon Brown|Elder (staff) (appointed October 2022)|
|Nemi Inimgba|Elder (non-staff) (appointed October 2022)|
|Dayo Kolajo|Elder (non-staff)|
|Reuben Lyons|Elder (non-staff) (appointed October 2022)|
|Joe Symeou|Elder (staff)|
|David Holden|Elder (non-staff)  (resigned October 2022)|
|Tony Dark|Elder (resigned 31 October 2021)|
|Greg Shepherd|Elder (non-staff) (resigned October 2022)|



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 £253,025. 

## **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) 

Page 4 



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

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2022** 

## **Registered Charity number** 

1116023 

## **Registered office** 

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

## **Trustees** 

N Barnes (resigned 21/11/2022) J P Lewis (resigned 21/11/2022) G Shepherd (resigned 21/11/2022) M Lyons T Adeleye P Makambe L O O Johnson M Aiyeola (appointed 21/11/2022) C M Crozier (appointed 21/11/2022) N J Lewis (appointed 21/11/2022) 

## **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 22nd May 2023 and signed on the board's behalf by: 

M Lyons - Trustee 

Page 5 



**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 2022. 

## **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 

25th May 2023 

Page 6 



**NEW COMMUNITY CHURCH S E LONDON** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2022** 

|Notes<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>2<br>**Charitable activities**<br>4<br>Build Local Church<br>External Ministry<br>Social Action<br>Investment income<br>3<br>Other income<br>**Total**<br>**EXPENDITURE ON**<br>**Charitable activities**<br>5<br>Build Local Church<br>External Ministry<br>Social Action<br>**Total**<br>**NET INCOME**<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>**TOTAL FUNDS CARRIED FORWARD**|Unrestricted<br>funds<br>£<br>807,703<br>35,771<br>265<br>-<br>2,062<br>-<br>845,801<br>757,164<br>3,667<br>13<br>760,844<br>84,957<br>1,240,607<br>1,325,564|Restricted<br>funds<br>£<br>11,573<br>4,253<br>-<br>-<br>-<br>-<br>15,826<br>15,795<br>-<br>-<br>15,795<br>31<br>43,823<br>43,854|2022<br>Total<br>funds<br>£<br>819,276<br>40,024<br>265<br>-<br>2,062<br>-<br>861,627<br>772,959<br>3,667<br>13<br>776,639<br>84,988<br>1,284,430<br>1,369,418|2021<br>Total<br>funds<br>£<br>812,181<br>4,072<br>-<br>1,352<br>3,936<br>100|
|---|---|---|---|---|
|||||821,641|
|||||680,292<br>1,100<br>35,135|
|||||716,527|
|||||105,114<br>1,179,316|
|||||1,284,430|



The notes form part of these financial statements 

Page 7 



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

## **BALANCE SHEET 31ST AUGUST 2022** 

|Notes<br>**FIXED ASSETS**<br>Tangible assets<br>12<br>**CURRENT ASSETS**<br>Debtors<br>13<br>Cash at bank and in hand<br>**CREDITORS**<br>Amounts falling due within one year<br>14<br>**NET CURRENT ASSETS**<br>**TOTAL ASSETS LESS CURRENT**<br>**LIABILITIES**<br>**NET ASSETS**<br>**FUNDS**<br>15<br>Unrestricted funds<br>Restricted funds<br>**TOTAL FUNDS**|Unrestricted<br>funds<br>£<br>517,282<br>32,968<br>794,445<br>827,413<br>(19,131)<br>808,282<br>1,325,564<br>1,325,564|Restricted<br>funds<br>£<br>-<br>-<br>43,854<br>43,854<br>-<br>43,854<br>43,854<br>43,854|2022<br>Total<br>funds<br>£<br>517,282<br>32,968<br>838,299<br>871,267<br>(19,131)<br>852,136<br>1,369,418<br>1,369,418<br>1,325,564<br>43,854<br>1,369,418|2021<br>Total<br>funds<br>£<br>551,638<br>19,467<br>737,835<br>757,302<br>(24,510)<br>732,792<br>1,284,430<br>1,284,430<br>1,240,607<br>43,823<br>1,284,430|
|---|---|---|---|---|



The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2022. 

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2022 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 22nd May 2023 and were signed on its behalf by: 

M Lyons - Trustee 

The notes form part of these financial statements 

Page 8 



**NEW COMMUNITY CHURCH S E LONDON** 

## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST AUGUST 2022** 

|Notes<br>**Cash flows from operating activities**<br>Cash generated from operations<br>1<br>Net cash provided by operating activities<br>**Cash flows from investing activities**<br>Purchase of tangible fixed assets<br>Sale of tangible fixed assets<br>Net cash used in investing activities<br>**Change in cash and cash equivalents in**<br>**the reporting period**<br>**Cash and cash equivalents at the**<br>**beginning of the reporting period**<br>**Cash and cash equivalents at the end of**<br>**the reporting period**|2022<br>£<br>104,164<br>104,164<br>(3,700)<br>-<br>(3,700)<br>100,464<br>737,835<br>838,299|2021<br>£<br>158,927<br>158,927<br>(1,699)<br>100<br>(1,599)<br>157,328<br>580,507<br>737,835|
|---|---|---|



The notes form part of these financial statements 

Page 9 



**NEW COMMUNITY CHURCH S E LONDON** 

**NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST AUGUST 2022** 

|**1.**|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM**|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM**|**OPERATING ACTIVITIES**|**OPERATING ACTIVITIES**|
|---|---|---|---|---|
||||2022|2021|
||||£|£|
||**Net income for the reporting period (as per the Statement of Financial**||||
||**Activities)**||84,988|105,114|
||**Adjustments for:**||||
||Depreciation charges||38,056|38,882|
||Profit on disposal of fixed assets||-|(100)|
||(Increase)/decrease in debtors||(13,501)|11,937|
||(Decrease)/increase in creditors||(5,379)|3,094|
||**Net cash provided by operations**||104,164|158,927|
|2.|**ANALYSIS OF CHANGES IN NET FUNDS**||||
|||At 1/9/21|Cash flow|At 31/8/22|
|||£|£|£|
||**Net cash**||||
||Cash at bank and in hand|737,835|100,464|838,299|
|||737,835|100,464|838,299|
||**Total**|737,835|100,464|838,299|



The notes form part of these financial statements 

Page 10 



**NEW COMMUNITY CHURCH S E LONDON** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2022** 

## **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 11 



**NEW COMMUNITY CHURCH S E LONDON** 

**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2022** 

## **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** 

|Fellowship fund<br>Offerings & covenanted income<br>Tax recoveries<br>**INVESTMENT INCOME**<br>Investment income<br>**INCOME FROM CHARITABLE ACTIVITIES**<br>Build local church<br>External Ministry<br>**CHARITABLE ACTIVITIES COSTS**<br>Build Local Church<br>External Ministry<br>Social Action|Build<br>Local<br>Church<br>£<br>31,511<br>8,513<br>40,024|External<br>Ministry<br>£<br>265<br>-<br>265<br>Direct<br>Costs (see<br>note 6)<br>£<br>337,185<br>3,568<br>13<br>340,766|2022<br>£<br>8,064<br>683,262<br>127,950<br>819,276<br>2022<br>£<br>2,062<br>2022<br>Total<br>activities<br>£<br>31,776<br>8,513<br>40,289<br>Support<br>costs (see<br>note 7)<br>£<br>435,774<br>99<br>-<br>435,873|2021<br>£<br>11,258<br>667,840<br>133,083|
|---|---|---|---|---|
|||||812,181|
|||||2021<br>£<br>3,936<br>2021<br>Total<br>activities<br>£<br>4,072<br>1,352<br>5,424<br>Totals<br>£<br>772,959<br>3,667<br>13|
|||||776,639|



## **3. INVESTMENT INCOME** 

## **4. INCOME FROM CHARITABLE ACTIVITIES** 

## **5. CHARITABLE ACTIVITIES COSTS** 

continued... 

Page 12 



**NEW COMMUNITY CHURCH S E LONDON** 

**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2022** 

## **6. DIRECT COSTS OF CHARITABLE ACTIVITIES** 

## **Grants to Institutions** 

The following grants were paid to institutions during the year: 

|||£|
|---|---|---|
||New Ground Churches|62,000|
||Fusion|3,600|
||Power the Fight|2,400|
||John 3:16 Trust|1,200|
|||69,200|
|**7.**|**SUPPORT COSTS**||
|||Management|
|||£|
||Build Local Church|435,774|
||External Ministry|99|
|||435,873|



## **8. NET INCOME/(EXPENDITURE)** 

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

||2022|2021|
|---|---|---|
||£|£|
|Depreciation - owned assets|38,056|38,882|
|Surplus on disposal of fixed assets|-|(100)|
|Independent examination|2,880|2,760|



## **9. TRUSTEES' REMUNERATION AND BENEFITS** 

During the period Mrs M Lyons, a trustee, received a salary of £44,650 (2021: £43,788) together with contributions into a pension scheme of £4,465 (2021: £4,379). No other Trustees directly received remuneration or benefit from the charity during the period. 

## **Trustees' expenses** 

Reimbursement of expenses amounting to £418 (2021: £141) was paid to 2 (2021: 1) Trustees. 

continued... 

Page 13 



**NEW COMMUNITY CHURCH S E LONDON** 

**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2022** 

|**10.**<br>**STAFF COSTS**<br>Wages and salaries<br>Social security costs<br>Other pension costs<br>The average monthly number of employees during the year was as follows:<br>Pastors and administration<br>No employees received emoluments in excess of £60,000.<br>**11.**<br>**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**<br>Unrestricted<br>funds<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>797,228<br>**Charitable activities**<br>Build Local Church<br>4,072<br>Social Action<br>1,352<br>Investment income<br>3,936<br>Other income<br>100<br>**Total**<br>806,688<br>**EXPENDITURE ON**<br>**Charitable activities**<br>Build Local Church<br>668,277<br>External Ministry<br>1,100<br>Social Action<br>35,135<br>**Total**<br>704,512<br>**NET INCOME**<br>102,176<br>**Transfers between funds**<br>(736)<br>**Net movement in funds**<br>101,440<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>1,139,168<br>**TOTAL FUNDS CARRIED FORWARD**<br>1,240,608|||2022<br>£<br>401,907<br>31,251<br>33,037<br>466,195<br>2022<br>16<br>Restricted<br>funds<br>£<br>14,953<br>-<br>-<br>-<br>-<br>14,953<br>12,015<br>-<br>-<br>12,015<br>2,938<br>736<br>3,674<br>40,148<br>43,822|||2021<br>£<br>389,095<br>33,300<br>35,306<br>457,701<br>2021<br>13<br>Total<br>funds<br>£<br>812,181<br>4,072<br>1,352<br>3,936<br>100|
|---|---|---|---|---|---|---|
||||||||
||||||||
|||||||821,641|
|||||||680,292<br>1,100<br>35,135|
|||||||716,527|
|||||||105,114<br>-|
||||||105,114<br>1,179,316||
||||||1,284,430||



continued... 

Page 14 



**NEW COMMUNITY CHURCH S E LONDON** 

**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2022** 

## **12. TANGIBLE FIXED ASSETS** 

|Fixtures<br>Freehold<br>and<br>property<br>fittings<br>£<br>£<br>**COST**<br>At 1st September 2021<br>880,587<br>60,626<br>Additions<br>-<br>-<br>At 31st August 2022<br>880,587<br>60,626<br>**DEPRECIATION**<br>At 1st September 2021<br>364,331<br>31,742<br>Charge for year<br>30,816<br>4,247<br>At 31st August 2022<br>395,147<br>35,989<br>**NET BOOK VALUE**<br>At 31st August 2022<br>485,440<br>24,637<br>At 31st August 2021<br>516,256<br>28,884<br>**13.**<br>**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Trade debtors<br>Other debtors<br>Prepayments and accrued income<br>**14.**<br>**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Trade creditors<br>Social security and other taxes<br>Other creditors<br>Accruals and deferred income|Computer<br>equipment<br>£<br>48,261<br>3,700<br>51,961<br>41,763<br>2,993<br>44,756<br>7,205<br>6,498<br>2022<br>£<br>-<br>200<br>32,768<br>32,968<br>2022<br>£<br>3,023<br>9,160<br>394<br>6,554<br>19,131|Totals<br>£<br>989,474<br>3,700|Totals<br>£<br>989,474<br>3,700|
|---|---|---|---|
|||993,174||
|||437,836<br>38,056||
|||475,892||
|||517,282||
|||551,638||
||||2021<br>£<br>364<br>200<br>18,903|
||||19,467|
||||2021<br>£<br>9,487<br>9,733<br>-<br>5,290|
||||24,510|



Page 15 

continued... 



**NEW COMMUNITY CHURCH S E LONDON** 

**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2022** 

## **15. MOVEMENT IN FUNDS** 

|**Unrestricted funds**<br>General fund<br>Designated Building Fund<br>Designated Building the Mission<br>Designated Offering Fund<br>Designated Gifts Fund<br>**Restricted funds**<br>Fellowship Fund<br>Building the Mission<br>IJM<br>Eltham venue<br>Students<br>Welling Venue<br>Love Bexley<br>Bexley Foodbank<br>Gift Day 2021<br>Wedding Gift<br>Love Offering - Tony & Jenny Dark<br>Offering Ukraine 2022<br>Equipment for Youth<br>**TOTAL FUNDS**|At 1/9/21<br>£<br>662,570<br>516,254<br>58,049<br>3,734<br>-<br>1,240,607<br>22,254<br>4,000<br>100<br>3,724<br>1,705<br>7,000<br>1,252<br>238<br>3,000<br>550<br>-<br>-<br>-<br>43,823<br>1,284,430|Net<br>movement<br>in funds<br>£<br>111,245<br>(30,816)<br>(18,472)<br>-<br>23,000<br>84,957<br>(4,660)<br>-<br>282<br>-<br>35<br>-<br>885<br>(238)<br>-<br>-<br>2,945<br>282<br>500<br>31<br>84,988|At<br>31/8/22<br>£<br>773,815<br>485,438<br>39,577<br>3,734<br>23,000|
|---|---|---|---|
||||1,325,564<br>17,594<br>4,000<br>382<br>3,724<br>1,740<br>7,000<br>2,137<br>-<br>3,000<br>550<br>2,945<br>282<br>500|
||||43,854|
||||1,369,418|



Page 16 

continued... 



**NEW COMMUNITY CHURCH S E LONDON** 

**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2022** 

## **15. MOVEMENT IN FUNDS - continued** 

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

|**Unrestricted funds**<br>General fund<br>Designated Building Fund<br>Designated Building the Mission<br>Designated Gifts Fund<br>**Restricted funds**<br>Fellowship Fund<br>IJM<br>Students<br>Love Bexley<br>Bexley Foodbank<br>Love Offering - Tony & Jenny Dark<br>Offering Ukraine 2022<br>Equipment for Youth<br>**TOTAL FUNDS**|Incoming<br>resources<br>£<br>822,560<br>1<br>240<br>23,000<br>845,801<br>8,064<br>282<br>1,000<br>2,753<br>-<br>2,945<br>282<br>500<br>15,826<br>861,627|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(711,315)<br>111,245<br>(30,817)<br>(30,816)<br>(18,712)<br>(18,472)<br>-<br>23,000<br>(760,844)<br>84,957<br>(12,724)<br>(4,660)<br>-<br>282<br>(965)<br>35<br>(1,868)<br>885<br>(238)<br>(238)<br>-<br>2,945<br>-<br>282<br>-<br>500<br>(15,795)<br>31<br>(776,639)<br>84,988|
|---|---|---|



continued... 

Page 17 



**NEW COMMUNITY CHURCH S E LONDON** 

**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2022** 

## **15. MOVEMENT IN FUNDS - continued** 

**Comparatives for movement in funds** 

|**Unrestricted funds**<br>General fund<br>Designated Building Fund<br>Designated Building the Mission<br>Designated Offering Fund<br>**Restricted funds**<br>Fellowship Fund<br>Building the Mission<br>IJM<br>Eltham venue<br>Students<br>Welling Venue<br>Love Bexley<br>Bexley Foodbank<br>Gift Day 2021<br>Wedding Gift<br>**TOTAL FUNDS**|At 1/9/20<br>£<br>527,538<br>547,071<br>60,389<br>4,170<br>1,139,168<br>18,009<br>4,000<br>-<br>3,724<br>1,705<br>12,000<br>472<br>238<br>-<br>-<br>40,148<br>1,179,316|Net<br>movement<br>in funds<br>£<br>135,032<br>(30,817)<br>(2,340)<br>300<br>102,175<br>4,245<br>-<br>100<br>-<br>-<br>(5,000)<br>44<br>-<br>3,000<br>550<br>2,939<br>105,114|Transfers<br>between<br>funds<br>£<br>-<br>-<br>-<br>(736)<br>(736)<br>-<br>-<br>-<br>-<br>-<br>-<br>736<br>-<br>-<br>-<br>736<br>-|At<br>31/8/21<br>£<br>662,570<br>516,254<br>58,049<br>3,734|
|---|---|---|---|---|
|||||1,240,607<br>22,254<br>4,000<br>100<br>3,724<br>1,705<br>7,000<br>1,252<br>238<br>3,000<br>550|
|||||43,823|
|||||1,284,430|



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

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



continued... 

Page 18 



**NEW COMMUNITY CHURCH S E LONDON** 

**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2022** 

## **15. MOVEMENT IN FUNDS - continued** 

## **Designated Funds** 

Building fund - 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, less depreciation 

Building the mission - funds to be used for the purpose of building the mission of New Community Church Offering fund - Donations made in 2019/20 with the specific purposes of giving it away to support charities including IJM and River of Life 

Gift from AJ Phillips - to be used at the discretion of the Elders 

## **Restricted Funds** 

Fellowship fund - funds to be used to assist those within the church who are suffering from hardship or are in need 

Building the Mission - funds to be used for the purpose of church/venue planting 

IJM - funds given to be passed onto the charity International Justice Mission 

Eltham Venue - funds given to be used specifically for the Eltham Venue 

Students - funds given to be used for students 

Welling Venue - funds given to be used specifically for the Welling Venue 

Love Bexley - funds given to be used by Love Bexley to provide items for those referred by frontline professionals 

Gift Day 2021 - A special offering given by church member to be passed onto New Ground 

Wedding gift - A gift to help fund the wedding costs of those who cannot afford a wedding 

Love Offering for Tony and Jenny Dark - Money gifted by New Community members to Tony and Jenny Dark made through the Fellowship Fund 

Ukraine Offering - Funds given to be passed onto help those working/suffering in Ukraine 

Christmas Gift List - Money given for Christmas presents to be distributed by Angel Tree, Bexley Children's Services, Safe Families and Love Bexley 

Groups 11-18s - A donation for trips or equipment for Youth 

## **16. RELATED PARTY DISCLOSURES** 

During the period a payment of £64,000 was made to and income of £277 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 (2021: £nil). 

Page 19