## 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: 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 Westminster Bank PLC 81 High Street Bedford. MK40 1NY Page 3 ## **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 .................................................... Page 5 ## **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| Page 11 ## **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| Page 12 ## **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| Page 13