## **New Life Church, Biggleswade**
## **TRUSTEE’S REPORT AND ACCOUNTS**
**FOR THE YEAR ENDED 31 MARCH 2021**
**Charity Registration No. 1121027**
- 1 -
|**CONTENTS**|**Page**|
|---|---|
|Trustees' report|3 - 5|
|Independent auditors' report|6|
|Statement of financial activities|7|
|Balance sheet|8|
|Notes to the accounts|9 - 11|
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## **New Life Church, Biggleswade**
## **Trustees’ annual report for the period:**
From: April 1st. 2020 To: March 31st. 2021 Charity name: New Life Church, Biggleswade Charity registration number: 1121027
## **Objectives and activities**
The charitable purpose of New Life Church according to our foundational document is, “The advancement of the Christian faith and the relief of need for the public benefit. New Life Church is seeking to build a community where everyone is welcomed and accepted. It’s a sanctuary where people grow in faith together, love one another, develop one other, and teach and demonstrate to people who Jesus is.”
The wider community is served via outreach work and through activities mentioned below.
The trustees are following the Charity Commission guidance on public benefit as shown in this report.
## **Achievements and performance**
- The online ministry of the Church was developed as we entered the Covid lockdown. The church grew via the online ministry and we met on a weekly basis for the service online. Many members of the church were involved in the planning of the services. A weekly video was created with pre-recorded segments of the service which went live @10.30am on Sundays and this was followed by a meeting using the Zoom platform for virtual teas and coffees for a weekly get together after church.
- Regular monthly family meetings via Zoom
- Ran The Bible course via Zoom
- Online prayer meetings and monthly online meetups
- Annual Christmas carols service was held online
- Handing out food parcels to the elderly and little treats to the young ones in the church
- Ongoing pastoral support
## **Financial review**
In 2020-21 income was £56,629 (£54,742 in the previous year). Originally we had expected a deficit of £13,070; but at the close, we achieved a surplus of £4,140. Income was 3.4% higher than the previous year.
Expenditures were reduced mainly due to the impact of Covid-19 on regular costs e.g. Premises costs that were not incurred during the financial year. Overall the reduction in expenditure was 24%
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We were able to be generous in giving to missions in Albania and existing outreach work in the UK and overseas. New Life church currently holds a General Unrestricted Funds Reserve to cover three months of operating expenditure.
We have also designated £60,000 (Still the same as last year) to our Building Fund for the purchase of a church building in the future. The reserves policy was reviewed at the Trustee meetings this year in February and it hasn’t changed. As an ongoing practice, the trustees review the financial performance of the church at periodic quarterly meetings during the financial year and one meeting is also designated for the signing off of the annual budget for the following financial year.
## **Future plans**
1. The plan for this year's services will be to develop what was achieved during lockdown and hopefully return to meeting in person following Government guidelines. Our aim is to demonstrate we are a diverse community and bigger than our online church service portrays. This is specifically true of the annual Carol Service which was a great success in 2021 even though online only.
2. Write a five-year vision plan for Newlife church Biggleswade and update policies and procedures, statement of belief etc.
3. Develop our ongoing Ministry in Biggleswade including the new Online Ministry We have new people who have joined us during lockdown. We have gained technically skilled people who have been helping us with the church sound and media and now for the first time, the worship team are able to have two teams and work together on a rota basis. We have also gained a person who will concentrate on promoting publicity for the church through social media. The leader of the church will be meeting with the new people to envision them and determine what training is needed. The development of key personnel is vital to our growth.
4. Run Freedom in Christ Discipleship course
## **Structure, governance, and management**
The charity is a “Charitable Trust with a Spiritual Leadership and 4 trustees. Trustees are selected from those who have the requisite governance skills and interpersonal skills to effect change, development, and progress.
## **Reference and administrative details**
|Name:|New Life Church, Biggleswade|
|---|---|
|Also known as|Find new life|
|Registered Charity:|1121027|
|Charity Address:|4 Cleveland Way; Great Ashby, Hertfordshire SG1 6BZ|
|Church Leaders:|Mr Alf Ringwood and two additional leaders.|
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Administrator:
Mrs Amanda Ringwood
## **Trustees:**
|**Trustee name**|**Office:**|**Date appointed if not**
**whole year:**|**Appointed by**:|
|---|---|---|---|
|Margaret Osibowale|Treasurer||Elders|
|Vacancy||||
|Derek Brister|Trustee||Elders|
|Ian Lovell|Trustee||Elders|
## **Declarations**
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees:
Margaret Osibowale
Dated: 18/01/2022
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## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF FIND NEW LIFE CHURCH**
on the accounts for the year to 31[st] March 2021 as set out on pages 6 – 11 in this document
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
## **Independent examiner's statement**
It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and to state whether particular matters have come to my attention.
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently, no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that in, any material respect, the requirements:
- 1) to keep accounting records in accordance with section 130 of the Charities Act, and
- 2) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
- 3) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed:
Mervyn Thomas 128 Putnoe Lane Bedford MK41 8LS
Dated: January 18th. 2022
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|**New Life Church,**
**Biggleswade**||Charity: 1121027||CC17a|
|---|---|---|---|---|
|||**Annual accounts for the period**|||
|||From: 01/04/2020 To: 31/03/2021|||
|**Section A Statement of financial activities**|**Section A Statement of financial activities**||||
|---|---|---|---|---|
|**Categories of activity**|**Unrestricted**
**funds**|**Restricted**
**income**
**funds**|**Total 2021**|**Total 2020**|
||£|£|£|£|
|**Incoming resources Note 3**|||||
|Voluntary income|56,017|612|56,629|54,742|
|**Total incoming resources**|**56,017**|**612**|**56,629**|**54,742**|
|**Outgoing resources Note 4**|||||
|Costs of Generating Funds|152|-|152|3,975|
|Charitable activities|52,190|612|52,802|66,553|
|Governance costs|-||-|-|
|Other resources expended|||-|-|
|**Total resources expended**|**52,342**|**612**|**52,954**|**70,528**|
|Net incoming/(outgoing) resources before transfers|3,675|-|3,675|(15,786)|
|**Gross transfers between funds Note 8**|-|-|-|-|
|Net movement in funds|3,675|-|3,675|(15,786)|
|Total funds brought forward|13,945|60,000|73,945|89,731|
|**Total funds carried forward**|**17,620**|**60,000**|**77,620**|**73,945**|
(Continued)
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## **Section B Balance sheet**
||**Unrestricted**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|
||**Funds**|**Funds**|**2021**|**2020**|
||£|£|£|£|
|**Fixed assets**|||||
|Tangible assets Note 6|636|-|636|1,076|
|**Current assets**|||||
|Cash at bank and in hand|17,159|60,000|77,159|73,019|
|**Total current assets**|**17,795**|**60,000**|**77,795**|**74,095**|
|Creditors:amounts falling due within one year|||||
|Note 7|(175)||(175)|(150)|
|**Net current assets/(liabilities)**|**17,620**|**60,000**|**77,620**|**73,945**|
|**Net assets**|**17,620**|**60,000**|**77,620**|**73,945**|
|**Funds of the Charity**|||||
|Unrestricted funds|17,620||17,620|13,945|
|Restricted income funds Note 8||60,000|60,000|60,000|
|**Total funds**|**17,620**|**60,000**|**77,620**|**73,945**|
Signed by Margaret Osibowale on behalf of the trustees:
## Margaret Osibowale
18[th] of January 2022
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**Section C Notes to the Financial Statements**
## **1 BASIS OF PREPARATION**
## **1.1 Basis of accounting**
- These accounts have been prepared under the historical cost convention with items recognized at
- cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
- The accounts have been prepared in accordance with:
- the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable
- and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).
- and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
## **1.2 Going concern**
The Charity is a going concern. Income generation through members’ donations is maintaining adequate reserves.
## **1.3 Change of accounting policy**
The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2.
## **1.4 Changes to accounting estimates**
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
## **2 ACCOUNTING POLICIES**
## **2.1 Income**
## **Recognition of income**
These are included in the Statement of Financial Activities (SoFA) when:
- The charity becomes entitled to the resources;
- It is more likely than not that the Trustees will receive the resources; and
- The monetary value can be measured with sufficient reliability.
## **Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses unless required or permitted by the FRS 102 SORP or FRS 102.
## **Grants and donations**
Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP).
There are no performance-related grants.
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|**Note 3 INCOME**
Donations
Gift Aid|**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds £**
**Funds £**
**2021 £**
**2020 £**
48,932
612
49,544
45,017
7,085
-
7,085
9,725|
|---|---|
|**TOTAL INCOME**|**56,017**
**612**
**56,629**
**54,742**|
|**Note 4 EXPENDITURE**
Publicity|**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**2021**
**2020**
£
£
£
£
152
-
152
3,975|
|**Total expenditure on generating**
**funds**|**152**
**-**
**152**
**3,975**|
|Salaries
Employers National Insurance
Pensions
Guest Speakers
Expenses,Training,Conferences
Resources
Rents
Equipment
Depreciation
Office
Fees and Subscriptions
Insurances
Bank Charges
Pastoral
Children and Youth
Catering and Events
International Donations
Catalyst Network Contribution
Social Outreach
Governance|33,021
-
33,021
33,021
2,752
-
2,752
2,752
2,829
-
2,829
3,065
100
-
100
410
1,469
-
1,469
3,747
152
-
152
193
1,649
-
1,649
10,450
1,176
-
1,176
2,488
440
-
440
440
383
-
383
248
1,533
-
1,533
899
729
-
729
726
69
-
69
55
938
-
938
870
1,150
-
1,150
195
675
-
675
1,336
1,950
612
2,562
2,562
1,000
-
1,000
2,400
-
-
546
175
**-**
175
150
**52,190**
**612**
**52,802**
**66,553**|
|**Total expenditure on charitable**
**activities**||
|**TOTAL EXPENDITURE**|**52,342**
**612**
**52,954**
**70,528**|
|||
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## **Note 5 Creditors and accruals**
|**Note 5 Creditors and accruals**|**Note 5 Creditors and accruals**|
|---|---|
|**Analysis of creditors**
**Amounts falling due within one year**||
|**2021**
**2020**||
|**£**
**£**||
|Accruals and deferred income
175
150||
|**Total**
**175**
**150**||
|**Note 6 Tangible fixed assets (Electronic Equipment)**
**Cost or valuation**
**2021**
**2020**
**£**
**£**
At the beginning of the year
2,198
2,198
Additions
-||
|**At end of the year**|**2,198**
**2,198**|
|**Depreciation and impairments**
Depreciation rate straight line at
20%
20%
At beginning of the year
1,122
682
Depreciation
440
440
**At end of the year**
**1,562**
**1,122**
**Net book value**
Net book value at the beginning of the year
1,076
1,516
**Net book value at the end of the year**
**636**
**1,076**||
## **Note 7 FUNDS ANALYSIS**
Movements of all funds are summarised in the Statement of Financial Activities current year.
|**Fund Name**|**Fund**
**balances**
**brought**
**forward**
**Incoming**
**resources**
**Outgoing**
**resources**
**Transfer**
**s**
**Fund**
**balances**
**carried**
**forward**
£
£
£
£
**£**
13,945
56,017
(52,342)
17,620
-
612
(612)
-
60,000
60,000|
|---|---|
|Unrestricted General Church||
|Restricted To the Nations Fund||
|Designated Building Fund||
|**Total Funds**|**73,945**
**56,629**
**(52,954)**
**-**
**77,620**|
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