Trustees Report and Financial Statement For year ended 31 December 2022
New Life Christian Fellowship (Bedford) Charity Registration No: 1118340
Trustees Report and Financial Statement
For year ended 31 December 2022
New Life Christian Fellowship (Bedford)
Contents
Front Page
Contents Page
Charity Information
Trustees Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
New Life Christian Fellowship (Bedford)
Trustees Report and Financial Statement For year ended 31 December 2022
Charity Information
Trustees are:
Church Pastor
Isaac Masih (Chairman) Sanjiv Melvin Parvin Masih Piara S Bhatti
Charity Number is:
1118340
Operational/Registered Office is:
NLCF (Bedford) 16 Bedford Road Kempston Bedford MK42 8AD Tel: 01234 356125 Website: newlife-bedford.com Email address: info@newlife-bedford.com
Independent Examiner is:
Excel Accountants (Beds) Ltd Excel House, 3 Duke Street Bedford. MK40 3HR
Principle Bankers are:
National Westminister Bank PLC 81 High Street Bedford. MK40 1NY
New Life Christian Fellowship (Bedford)
Trustees Report
For year ended 31 December 2022
Constitution and aims of the charity
New Life Christian Fellowship Bedford is a independent local church which has been established for over 35 years in Bedford, which works with other local churches within the area, nationally and aboard.
The Following Trustees held office throughout the year:
Isaac Masih (Chairman) Sanjiv Melvin Parvin Masih
The objectives of the charity are:
The advancement of the Christian religion in the UK and Worldwide. The advancement for the public benefit of religious and other education. The relief of the aged, poor, sick and disabled. Any other charitable purpose that the Trustees see fit.
Statement of the trustee’s responsibilities:
The financial statements have been prepared in accordance with the applicable accounting standards and with current charity law in the form of ‘Accounting by Charities’ the Statement of Recommended Practice’(SORP), in order to give a true and fair view of the state of affairs of the charity and of its financial results for the year. In preparing the financial statements, the Trustees are required to:
Select suitable accounting policies and apply them consistently. Make judgements and estimates that are reasonable and prudent.
Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the relevant law. They are also responsible for safeguarding the assets of the Charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
New Life Christian Fellowship (Bedford)
Trustees Report For year ended 31 December 2022
Activities and Achievements
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Our aim as trustees is to establish an effective leadership to govern the church. The principal operations, activities and achievements of the charity for 2022 are listed below and are all being carried out from our base at 16 Bedford Road Kempston.
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Weekly open meetings were held throughout the year for Christian worship prayer, teaching and evangelism.
· Midweek discipleship meetings social activities open to all were also held throughout the year. The building was open during the week to help and counsel church members and other members of the local community.
- Continued its support of other churches locally/ nationally in the UK and aboard.
We continue to support Bedford Food Bank a local charity which provides, food to the homeless and families who are going through financial hardship.
- .
Approved by the trustees and signed on their behalf:
Isaac Masih (Trustee) Chairman
.............................................................
New Life Christian Fellowship (Bedford)
Independent Examiner’s report to the Trustees For year ended 31 December 2022
Constitution and aims of the charity
Respective Responsibilities of Trustees and Independent Examiner
As the Trustees of New Life Christian Fellowship (Bedford) you are responsible for the preparation of the accounts; you consider that the audit requirement of Section 43(2) of the Charities Act 1993(the Act) does not apply. It is my responsibility to issue this report on those accounts in accordance with the terms of Regulation 25 Regulation 7 of the Charities (accounts and reports) Regulations 1995 and state, on the basis of procedures specified in the General Directions given by the Charity, whether particular matters have come to my attention.
Basis of Independent Examiner’s Report
My examination was carried out in accordance with the General Directions by the Charity Commission under Section 43(7) (b) of the Act. The examination includes a review of the accounting records kept by the New Life Christian Fellowship (Bedford) and a comparison of the accounts with those records. It also includes
Considering any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in any audit, and consequently I do Not express an audit opinion on the view given by the accounts.
Independent Examiner’s Statement
In connection with my examination, no matter has come to my attention:
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1) which gives me reasonable cause to believe that in any material respect the trustees have not met the requirements to ensure that:
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proper accounting records are kept (in accordance with section 41 of the Act); and
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or
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2) To which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Excel Accountants (Beds) Ltd Excel House, 3 Duke Street Bedford. MK40 3HR
Date: ............................................................
New Life Christian Fellowship (Bedford)
Statement of Financial Activities For year ended 31 December 2022
| Notes £ Incoming Resources Donations Investment Income Gift Aid Total Incoming Resources Resources Expended Direct Charitable Expenditure Pastoral Expenses Evangelism and Mission Management and Administration Building Expenses Total Resources Expended Net Movement in Funds Brought forward 17 November 2020 Balance at 31 December 2021 |
Unrestricted Restricted Year to 31 Year to 31 General Fund Funds December December 2022 Total 2021 Total £ £ £ £ 45,944 45,944 39,920 2 2 2 7,691 7,691 7,987 |
|---|---|
| 53,637 0 53,637 47,909 |
|
| 1,291 1,291 415 0 0 0 4,329 4,329 2,379 27,976 27,976 24,534 4,614 4,614 1,606 |
|
| 38,210 0 38,210 28,934 |
|
| 15,427 15,427 18,975 587,735 587,735 568,760 |
|
| 603,162 0 603,162 587,735 |
New Life Christian Fellowship (Bedford)
Balance Sheet As at 31 December 2022
| Fixed Assets Notes £ Tangible Asset Current Assets Income Tax on Gift Aid Recoverable Cash at bank and in hand Creditors: amount due within one year Creditors and Accruals Net Current Assets Net Assets Financed by: Unrestricted General Fund Restricted Funds Total Funds |
31-Dec-22 £ 501,141 23,536 82,143 (3,657) 102,022 603,163 603,162 0 603,162 |
31-Dec-21 £ 501,999 15,845 72,294 (2,403) 85,736 |
|---|---|---|
| 587,735 | ||
| 587,735 0 587,735 |
The notes on pages 9 to 13 form part of these accounts.
Approved by the Trustees and signed o ......................................... Isaac Masih (Trustee) Chairman
New Life Christian Fellowship (Bedford)
Balance Sheet As at 31 December 2022
Notes to the accounts
1 Accounting Policies
(a) Accounting convention
The accounts have been prepared under the historic cost convention.
(b) Basis of Preparation
These accounts have been prepared according to the Statement of Recommended Practice for Charities.
(c) Donations and gifts
Donations are included in the Statement of Financial Activities when the Trustees are reasonably certain of the amount to be received, the date of receipt and that any conditions for receipt have not been met.
(d) Tax Credits
Tax credits on covenanted income are included in the accounts when the associated donation is recognised.
(e) Fixed Assets
Expenditure of under £5,000 on the acquisition of fixed assets is written off as incurred.
(f) Investment Income
Bank interest is included in the Statement of Financial Activities when received.
(g) Voluntary support
The Charity relies on the continued voluntary commitment of the Trustees and other members of the Church. The cost of this voluntary support has not been valued within the financial statements. The trustees receive no remuneration.
(h) Unrestricted, designated and restricted funds
Unrestricted funds are those to be used for general purpose of the Charity at the discretion of the trustees.
Designated funds are funds set aside by the trustees to be used for a particular purpose that can be periodically augmented or reduced from the unrestricted general funds at the discretion of the trustees.
New Life Christian Fellowship (Bedford)
Financial Statements for the year ended 31 December 2022
Notes to the accounts
| 2. Grants and Funding Income Audio Visual equipment 3. General Fund Expenditure Direct Charitable Expenditure Sunday School – Children Party Refreshment/Catering Flowers/Decorations etc Evangelism and Mission Donations Given Management and Administration Salaries and Pension PPS Audio/Visual Equipment IT Equipment Telephone Insurance Accountancy |
2022 £ £ 2021 £ 0 71 0 1,041 0 179 415 1,291 4,329 2,379 4,329 15,000 15,000 180 0 1,275 617 1,364 199 533 554 1,516 1,732 1,416 936 21,284 |
£ 0 |
|---|---|---|
| 415 | ||
| 2,379 | ||
| 19,038 |
New Life Christian Fellowship (Bedford)
Financial Statements for the year ended 31 December 2022
Notes to the accounts
| £ Management and Administration (continued) Bank Charges Membership and Subscriptions Depreciation Sundry Rates Light & Heat Building Expenses Repairs and Maintenace |
2022 £ 2021 £ 125 47 570 450 858 1,142 142 68 1,488 656 3,509 3,133 27,976 4,614 1,606 4,614 38,210 |
£ |
|---|---|---|
| 24,534 | ||
| 1,606 | ||
| 28,934 |
New Life Christian Fellowship (Bedford)
Financial Statements for the year ended 31 December 2022 Notes to the accounts
| 4. Net Assets Tangible Asset Interest bearing bank account Current bank accounts ST – Cash and Bank Debtors – Income Tax Recoverable Creditors Accruals Net Assets |
Unrestricted £ 501,141 Restricted £ 2022 £ 501,141 2021 £ 501,999 |
|---|---|
| 501,141 0 501,141 501,999 |
|
| 2,154 2,154 2,149 79,988 79,988 70,144 |
|
| 82,142 0 82,142 72,293 |
|
| 23,536 23,536 15,845 -1,113 -1,113 -1,083 -2,544 -2,544 -1,320 603,162 0 603,162 587,734 |
New Life Christian Fellowship (Bedford)
Financial Statements for the year ended 31 December 2022 Notes to the accounts
£
6. Tangible Fixed Assets
| Tangible Fixed Assets Freehold Property At 31st Dec 2021 Equipment Additions in year Accumulated Depreciation Depreciation charge At 31st Dec 2022 Improvements At 31st Dec 2021 Additions in year At 31st Dec 2022 Total Fixed Assets At 31st Dec 2021 At 31st Dec 2022 |
498,569 4,713 -1,283 -858 501,141 |
|---|---|
| 0 | |
| 498,994 501,141 |