2023-12-31-accounts

Trustees Report and Financial Statement

For year ended 31 December 2023

New Life Christian Fellowship (Bedford)

Charity Registration No: 1118340

Page 1

Trustees Report and Financial Statement

For year ended 31 December 2023

New Life Christian Fellowship (Bedford)

Contents	Page
Front Page	1
Contents Page	2
Charity Information	3
Trustees Report	4-5
Independent Examiner's Report	6
Statement of Financial Activities	7
Balance Sheet	8
Notes to the Financial Statements	9-13

Page 2

New Life Christian Fellowship (Bedford)

Trustees Report and Financial Statement For year ended 31 December 2023

Charity Information

Trustees are:

Isaac Masih (Chairman) Sanjiv Melvin Parvin Masih

Church Pastor

Piara S Bhatti

Charity Number is:

1118340

Operational/Registered Office is:

NLCF (Bedford) 16 Bedford Road Kempston Bedford MK42 8AD Tel: [phone] Website: newlife-bedford.com Email address: [e-mail]

Independent Examiner is:

Excel Accountants (Beds) Ltd Excel House, 3 Duke Street Bedford. MK40 3HR

Principle Bankers are:

National Westminster Bank PLC 81 High Street Bedford. MK40 1NY

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New Life Christian Fellowship (Bedford)

For year ended 31 December 2023

Trustees Report

The trustees present their annual report and financial statements for the year ended 31 December 2023.

Objectives and Activities

The advancement of the Christian Faith in accordance with the doctrines set out in the schedule and the worship of God in Bedford/Kempston and elsewhere by any means whatsoever including (but not by limitation) the preaching and proclamation of the Christian Gospel and the teaching of Christian doctrine and principles and the pastoral care of Christian people and the distribution of Christian literature.

New Life Christian Fellowship (Bedford) continues to operate financially as an independent trust. The organisations activities include Sunday meetings and children's Sunday school. A variety of mid-week discipleship and prayer meetings. Social and youth musical activities which are open to all. The building is also open during the week to counsel church members and other members of the local community.

Achievements and Performance

New Life Christian Fellowship (Bedford) continues to work in community to empower the local people of Bedford/Kempston and the wider community to take hold of their future and reach their full potential as individuals, spiritually, socially, economically and morally. We also support Bedford Food Bank on a regular basis.

Financial Review

Principal funding came through our members. The support of our members continues to be a source of great strength and has truly been sacrificial and it's through their donations and love for what they provide that keeps us going as an organisation.

Reserves Policy

We aim to build up reserves in order to keep a contingency fund in the bank to cover the ongoing costs of the charity and for the security of the organisation. We would also like to hold some funds so that we can act on a timely basis to a higher level of excellence and reach any given need effectively. We believe our responsibility is to promote the principles of the Church faith in our community whilst addressing social needs of humanity and lovingly support and serve our local community so we can live in a safe and cohort community

Page 4

New Life Christian Fellowship (Bedford)

Trustees Report For year ended 31 December 2023

Plans for Future Periods

Our aim is to continue to work to strengthen our relationship with the community and addressing the spiritual, social and economical needs of our local community.

Structure, Governance and Management

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The Trustees are responsible for keeping proper accounting records that 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 Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees 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.

The Following Trustees held office throughout the year: Isaac Masih (Chairman) Sanjiv Melvin Parvin Masih

Approved by the trustees and signed on their behalf:

Isaac Masih (Trustee) Chairman

....................................................

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New Life Christian Fellowship (Bedford)

Independent Examiner’s report to the Trustees For year ended 31 December 2023

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 in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with my examination which gives me cause to believe that in, any material respect:

1) the accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

2) accounts do not accord with those records, or

3) the accounts do not comply with the applicable requirements concerning the form and content of account as set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Excel Accountants (Beds) Ltd Excel House, 3 Duke Street Bedford. MK40 3HR

Date: ......................................................

Page 6

New Life Christian Fellowship (Bedford)

Statement of Financial Activities For year ended 31 December 2023

Notes £ Incoming Resources Donations Investment Income Gift Aid Total Incoming Resources Resources Expended Direct Charitable Expenditure (3) Pastoral Expenses Evangelism and Mission Management and Administration Building Expenses Total Resources Expended Net Movement in Funds Brought forward 01/12/2023 Balance at 31 December 2023	Unrestricted Restricted Year to 31 Year to 31 General Fund Funds December December 2023 Total 2022 Total £ £ £ £ 42,496 42,496 45,944 640 640 2 8,181 8,181 7,691
	51,317 0 51,317 53,637
	1,794 1,794 1,291 265 265 0 3,090 3,090 4,329 24,044 24,044 27,976 1,215 1,215 4,614
	30,408 0 30,408 38,210
	20,909 20,909 15,427 603,162 603,162 587,735
	624,071 0 624,071 603,162

Page 7

New Life Christian Fellowship (Bedford)

Balance Sheet As at 31 December 2023

Fixed Assets Tangible Asset Notes £ (6) Current Assets Income Tax on Gift Aid Recoverable Debtors and Prepayments Cash at bank and in hand Creditors: amount due within one year Creditors and Accruals Net Current Assets Net Assets (4) Financed by: Unrestricted General Fund Restricted Funds Total Funds	31-Dec-23 £ 500,797 28,717 3,000 94,166 (2,609) 123,274 624,071 624,071 0 624,071	31-Dec-22 £ 501,141 20,536 3,000 82,142 (3,657) 102,021
		603,162
		603,162 0 603,162

The notes on pages 9 to 13 form part of these accounts.

Approved by the Trustees and signed .........................................

Isaac Masih (Trustee) Chairman

Page 8

New Life Christian Fellowship (Bedford)

Balance Sheet As at 31 December 2023 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.

Page 9

New Life Christian Fellowship (Bedford)

Financial Statements for the year ended 31 December 2023

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 Outreach Pastoral Expenses Ministry Gift Evangelism and Mission Donations Given Management and Administration Salaries and Pension PPS Audio/Visual Equipment IT Equipment Telephone Insurance Accountancy	2023 £ £ 2022 £ 0 310 71 1,274 1,041 64 179 146 1,794 265 0 265 3,090 4,329	£ 0
		1,291
		0
	3,090 15,000 15,000 124 180 373 1,275 236 1,364 612 533 1,632 1,516 660 1,416	4,329
	18,637	21,284

Page 10

New Life Christian Fellowship (Bedford)

Financial Statements for the year ended 31 December 2023

Notes to the accounts

£ Management and Administration (continued) Bank Charges Membership and Subscriptions Depreciation Sundry Rates Light & Heat Building Expenses Repairs and Maintenance	2023 £ 2022 £ 97 125 650 570 744 858 553 142 523 1,488 2,840 3,509 24,044 1,216 4,614 1,216 30,409	£
		27,976
		4,614
		38,210

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New Life Christian Fellowship (Bedford)

Financial Statements for the year ended 31 December 2023 Notes to the accounts

4. Net Assets Tangible Asset Interest bearing bank account Current bank accounts ST – Cash and Bank Debtors – Income Tax Recoverable Debtors Prepayments Creditors Accruals Net Assets	Unrestricted £ 500,797 Restricted £ 2023 £ 500,797 2022 £ 501,141
	500,797 0 500,797 501,141
	80,377 80,377 2,154 13,789 13,789 79,988
	94,166 0 94,166 82,142
	28,717 28,717 20,536 3,000 3,000 3,000 0 0 0 -1,019 -1,019 -1,113 -1,590 -1,590 -2,544 624,071 0 624,071 603,162

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New Life Christian Fellowship (Bedford)

Financial Statements for the year ended 31 December 2023 Notes to the accounts

£

6. Tangible Fixed Assets

Tangible Fixed Assets Freehold Property At 31st Dec 2022 Equipment Additions in year Accumulated Depreciation Depreciation charge At 31st Dec 2023 Improvements At 31st Dec 2022 Additions in year At 31st Dec 2023 Total Fixed Assets At 31st Dec 2022 At 31st Dec 2023	498,569 4,713 400 -2,141 -744 500,797
	0 501,141 500,797

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