OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← New Ground Churches

2023-12-31-accounts

New Ground Churches Report and Accounts Year ended 31 December 2023

NEW GROUND CHURCHES

FOR THE YEAR ENDED 31 DECEMBER 2023

COMPANY INFORMATION

Directors/Trustees Dale Barlow Robert Gwynn David Holden David Rowsell Timothy Wort Constituted as Company limited by guarantee Governing Document Memorandum and Articles of Association Company Registration Number 6281483 Charity Registration Number 1121110 Registered Office Kings Centre 33 Amy Road Oxted RH8 0PW Independent Examiner Dr Shona F Wardrop C.A Institute of Chartered Accountants of Scotland Chariot House Limited 44 Grand Parade Brighton BN2 9QA

Bankers Lloyds Bank plc

CONTENTS

Page
Company Information 1
Directors' Report 2-5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Accounts 9-17

1

NEW GROUND CHURCHES

REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2023

The directors have pleasure in submitting their Report and Accounts for the year ended 31 December 2023.

Mission

New Ground is a family of churches from different countries, led by Dave Holden, who works directly with several other leaders in a Core Team. We believe that God has caught us up in His great mission to plant new churches and shape existing churches to make a major difference to the communities in which God has called them to live. We want to see communities positively impacted through God’s miraculous intervention, social action and thoughtful cultural engagement by local Christians. We believe that everyone in a community should be blessed by the fact that our churches are there.

As a church is part of New Ground, so New Ground is part of Newfrontiers. This is a group of apostolic leaders (1,000s of churches in over 90 nations, in every continent) partnering together on global mission joined by common values and beliefs, shared mission and genuine relationships.

Objects and activities

The objects of the charity are to:

The directors have had regard for the Charity Commission guidance on public benefit, and particularly the report on 'The Advancement of Religion for the Public Benefit'. Activities undertaken during the year to reflect this and achieve the charity objectives, and laid out according to the SOFA headings, include:

APOSTOLIC MINISTRY AND EXTENSION

Across our family of churches we are increasingly starting to function and outwork our mission and objectives in ‘hubs’. These are smaller groups of churches or church plants working together with input from Dave Holden or different members of the New Ground Core Team. The hubs vary in scale and how developed and well established they are; some are based on a geographical area (for example three churches in Scotland working together) while others around language (our French-speaking hub).

Church support

One of the key benefits of working together with a variety of churches is the depth and breadth of leaders’ experience gained over many years. Through a combination of grant funding and churches releasing their senior leaders, teams have been able to travel to, or communicate with, a wide range of churches to train, support, develop and encourage leaders, especially in England, Scotland, various countries across mainland Europe, as well as further afield in Brazil and South Africa. It also helps church members to identify with other churches within New Ground and gain a broader perspective of what churches can achieve in a different context.

Training

The New Ground Academy began in 2014 and has been developed since that time. It is a training package designed to produce leaders who are equipped to lead well in church life through a combination of practical theology, peer interaction and mentoring. This is achieved with a good balance between classroom teaching and interactive discussion. Many students have remarked on the way the Academy has impacted their lives and their involvement in the local community.

The structure allows involvement for those with weekday employment by use of ‘home learning’ video material available in advance and discussion groups led by mentors in each local church represented. This is in addition to in-person Saturday training days.

2

NEW GROUND CHURCHES

REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2023

An updated two-year course commenced in September 2023 following a thorough review that began in 2022, with well over 100 students signed up. The Academy material continues to serve a training hub in Holland, and a church in South Africa that joined New Ground during the year will start using the material too when they launch Academy in September 2024.

In order to help develop the next generations, planning took place to develop NEXT , a new one-year internship/apprenticeship to help 18-25 year-olds grow and develop while serving in a local New Ground church. The first intake of students will be in September 2024.

Two new initiatives took place to equip and train our leaders. The Racial Diversity Network drew in different speakers for online sessions designed to equip, discuss, encourage, pray and share learnings around issues of racial diversity in the local church. Our Equip: Sexuality & Gender initiative developed a range of resources designed to equip leaders to equip their church on the topics of sexuality and gender. This included online and inperson training for senior leaders, resources for them in turn to train leaders in their churches, along with guidance and resources for local church teaching and discussion.

Working partnerships

The charity is able to pursue its objects through grant funding and working partnerships with charities having similar objectives. This allows valuable flexibility and enables New Ground to respond quickly and with economic efficiency to changing needs across the nations.

Impact

Demonstrating the direct and tangible impact of charity activities in relation to the development, growth and sustainability of churches is not always straightforward since many factors contribute to these positive facets. Nevertheless, the key objects and activities noted above provide a foundation on which many individuals, churches and communities can build and benefit. To illustrate this impact, a few examples:

Firstly, from an individual who completed the Academy training course in 2023: “Academy for me was a two-year journey of growth. I grew in God which in turn developed my leadership. I gained new perspective on discipleship, mission and church leadership.” This is just one of the hundreds who have been helped to grow as a leader over the last year.

Ongoing financial support has assisted a couple stirred by God towards church planting, enabling them to develop a church plant in a major Dutch city. They recently celebrated two years of meeting publicly as a church, with people from multiple nations sharing how they'd found a home and a community. One person who shared said this: “We’re not here just for ‘gezelligheid’ (warmth and friendliness of being with loved ones) and to keep it fun for ourselves; we’re outward looking, and want more people to experience something of the Kingdom of God.”

One of our churches produce a video for our 2023 Fearless Conference with women highlighting some of the church’s social action initiatives. Over the past eight years the church has made a significant impact in their community. Addressing the city's high levels of poverty, the church launched projects like a debt advice centre that has seen 17 of their 84 clients pay off all debt and helped write off £245,000 of debt. Their 'Baby Basics' centre has provided 1,500 starter packs to vulnerable families, with their service now considered essential by the NHS, health visitors, community centres and the police. Through their 'Someone Cares' project they support hospital patients with practical and emotional help, and additionally, by linking schools with local churches, they have provided crisis support and essential resources to families. The church is committed to loving and caring for their community, significantly improving the lives of many individuals and families. Similar impact is felt in the numerous towns and cities where New Ground churches exist.

3

NEW GROUND CHURCHES

REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2023

CONFERENCES

Events

We had a full calendar of events and conferences. These have been both international gatherings like the Leadership Conference and two-day Prayer Days, as well as UK-focused days of prayer and more regular local gatherings for encouragement and support for established churches and church plants. The value of our New Ground Sunday in bringing news, vision and updates from around the family of churches during the Covid restrictions has been continued. Content was subtitled or made available in five different languages, seeking to serve our increasingly diverse family of churches across the nations. Some churches used this as the moment to give towards our annual offering, which to date has raised over £145,000 for the ongoing work of the charity.

Our 2023 Fearless women’s conference, last run in 2020, was attended by over 600 for teaching, connection and encouragement. Almost £10,000 was given towards work in Zimbabwe and New Ground’s work in the Portuguese-speaking world.

MISSION

Church planting and multi-site development

There are generally two ways in which churches are planted: one is when a church starts a new church or site in an area within its locality; the other when groups of people move to an area, often a city, where previously they have had little or no contact. There has been ongoing support for the latter and new opportunities have developed in the former.

An increasing focus of prayer, attention and discussion is starting to be given to church planting. We trust this will lead to growth in church planting initiatives going forward.

Governance

New Ground Churches is constituted as a company limited by guarantee and registered as a charity, its governing document being the Memorandum and Articles of Association. The policy and operating decisions of the charity rest with the directors who meet regularly to monitor the activities of the company. In addition, the directors have appointed a management team to run the day-to-day activities and to establish and update policies and procedures to reflect the developing work of the charity. Directors are recruited and appointed in order to ensure robust governance of charity activities, with particular emphasis on providing experience and skillsets suitable to serve the developing nature of the charity. All directors are offered training opportunities provided by external agencies.

Risk management

Since the review of all major risks and the creation of a formal report, the management of risk has become an essential part of charity administration. Risks are regularly considered and key risks monitored on a regular basis with priorities set according to primary risks and appropriate procedures put in place, e.g. insurance, via brokers competent in this field, to protect the interests of the charity, its employees and directors.

The most significant risk identified has been the impact of leadership transition within New Ground. This is being carefully discussed, progressed and monitored by the Core Team on behalf of the directors.

Reserves

The reserves policy is reviewed annually in accordance with Charity Commission guidelines. Three levels of reserves are maintained: restricted, designated and free. With the exception of our contingency and designated relief fund, we anticipate using all the 2023 reserves during the course of 2024 in direct activities and continued grant funding for our wider charitable projects, while still maintaining adequate free reserves. To achieve this and

4

NEW GROUND CHURCHES

REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2023

in line with our policy set out below, we intend to seek funding from our supporter churches during 2024 for a further programme of charitable projects in 2025.

Restricted funds

These represent donations for specific activities and our policy is to expend these funds as quickly as possible in order to benefit the recipients. At 31 December 2023 the restricted funds stood at £15,863 (2022 - £4,000).

Designated funds

At various times it has been considered beneficial by the directors to allocate reserves to particular projects. At 31 December 2023 the designated funds stood at £150,694 (2022 - £121,808). The level of the reserves held under the policy for contingencies, which are free for use in any area, was set at £14,500 as shown in note 12, but this was fully utilised during 2023. It is our intention to designate further funds for this purpose as they become available.

Free reserves

Free reserves are all the undesignated funds plus any designated funds, which although budgeted, could be released if needed. It is the charity’s policy is to maintain free reserves at a level between two to three months of regular income (£68,500). The year-end free reserves figure of £29,568 is inadequate for this purpose, although an improvement on recent years. Considerable work has been done during the year to increase general income and to boost church involvement in the annual offering, which has improved cashflow during the early part of 2024.

Directors' Responsibilities

Charity law requires us as directors to prepare financial statements for each accounting year which give a true and fair view of the state of the charity and of its income and expenditure for the year. In order to achieve this we have relied on the following procedures:

  1. Select suitable accounting policies and apply them consistently.

  2. Make judgements and estimates that are reasonable and prudent.

  3. State whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts.

  4. Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business.

We are responsible for keeping adequate accounting records, which disclose with reasonable accuracy at any time the financial position of the company and enable us to ensure that the financial statements comply with the Companies Act 2006. We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.

Approval

On behalf of the board of directors.

Dale Barlow 2 July 2024

5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

NEW GROUND CHURCHES

Independent examiner's report to the trustees of New Ground Churches ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.

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.

Dr Shona F Wardop C.A Institute of Chartered Accountants of Scotland Chariot House Limited Chartered Accountants 44 Grand Parade Brighton BN2 9QA

2 July 2024

6

NEW GROUND CHURCHES

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023

Notes
Income and endowments from:
Donations and legacies
2
Charitable activities
3
Investments
4
Expenditure on:
5
Charitable activities
Apostolic ministry and extension
Conferences and events
Mission activities
Total resources expended
Gross transfers between funds
Net (expenditure)/income for the year
Net movement in funds
Fund balances at 1 January 2023
Net incoming/(outgoing)
resources before transfers
Fund balances at 31 December 2023		 General
Designated
£
£
347,416
172,626
45,161
53,251
947
0
393,524
£
225,877
£
248,469
162,415
94,009
35,909
5,975
50,831
348,453
249,155
45,071
(23,278)
(48,164)
52,164
(3,093)
28,886
32,209
£
121,808
£
29,116
£
150,694
£
Unrestricted funds		 Restricted
funds
£
17,231
0
0
17,231
£
1,008
0
360
1,368
15,863
(4,000)
11,863
4,000
£
15,863
£		 Total
2023
£
537,273
98,412
947
636,632
£
411,892
129,918
57,166
598,976
37,656
0
37,656
158,017
£
195,673
£		 Total
2022
£
492,631
82,813
31
575,475
£
272,147
128,287
224,101
624,535
(49,060)
0
(49,060)
207,077
£
158,017
£

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

7

NEW GROUND CHURCHES

BALANCE SHEET AS AT 31 DECEMBER 2023

Notes
Current assets
Debtors
8
Cash at bank and in hand
Creditors: amounts falling due within
one year
9
Net assets
Income funds
Restricted funds
11
Unrestricted funds:
Designated funds
12
General funds		 2023
£
8,875
208,125
217,000
(21,327)
195,673
£
15,863
150,694
29,116
195,673
£		 2022
£
27,437
160,115
187,552
(29,535)
158,017
£
4,000
121,808
32,209
158,017
£

For the year ended 31 December 2023, the company was entitled to the exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

Responsibilities of directors/trustees:

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The accounts were approved by the Board and signed on their behalf on 2 July 2024.

Dale Barlow

NEW GROUND CHURCHES, a company limited by guarantee. Registered in England No. 06281483 Registered as a charity No. 1121110

8

NEW GROUND CHURCHES

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting Policies

The accounts have been prepared under the historical cost convention, in accordance with applicable accounting standards and follow the Statement of Recommended Practice: Accounting by Charities (FRS102). The charity is a public benefit entity. There are no material uncertainties about the charity's ability to continue as a going concern. The following are the accounting policies which have been applied in dealing with material items:-

a) Donated and grant income

All incoming resources are included in the Statement of Financial Activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable.

b) Other income and expenditure

Conference income is taken into account when the event has taken place. Amounts received for events which have not yet taken place are deferred and reflected in creditors as "Accruals". Investment income is taken into account when receivable and expenditure, including irrecoverable VAT, when incurred by the charity, regardless of when payment is made. Grants payable are taken into account at the earlier of when they are paid or become constructive obligations.

c) Funds

Unrestricted funds are donations and other income received or generated for the objects of the charity without specified purpose and are available for purposes as directed by the trustees. Restricted funds are amounts received where the donor has specified the purpose for which it should be used.

d) Fixed assets and depreciation

There are no fixed assets since all equipment for conferences is hired and administrative equipment is either loaned by churches in the region or written off as expenditure in the year.

e) Pension costs

The company operates a defined contribution scheme for certain of its employees. Pension premiums are charged as they are paid.

f) Taxation

The company is a registered charity and is exempt from taxation under the Income & Corporation Taxes Acts.

g) Cash flows statement

The company has prepared a Cash Flows Statement for the year (see note 14).

9

NEW GROUND CHURCHES

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

2 Donations and legacies

General funds:
Donations
Designated funds:
Conference offerings and gifts
Tax repayments
Restricted funds:
Donations
Conference offerings and gifts
Tax repayments
3
Charitable activities (income)
Income from activities to further the charity's objects
General funds:
Conference attendance
Designated funds:
Conference attendance
Training		 2023
£
347,416
347,416
£
171,141
1,485
172,626
£
7,360
8,710
1,161
17,231
£
45,161
45,161
£
20,401
32,850
53,251
£		 2022
£
335,063
335,063
£
142,877
2,671
145,548
£
11,989
0
31
12,020
£
17,499
17,499
£
18,876
46,438
65,314
£
4
Investments
Investment income receivable		 947
947
£		 31
31
£

10

NEW GROUND CHURCHES

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

5 Expenditure on: Charitable activities

Apostolic ministry and extension
Activities undertaken directly
Support costs
Total
Conferences and events
Activities undertaken directly
Support costs
Total
Mission activities
Activities undertaken directly
Support costs
Total
2022 comparative figures
Apostolic ministry and extension
Activities undertaken directly
Support costs
Total
Conferences and events
Activities undertaken directly
Support costs
Total
Mission activities
Activities undertaken directly
Support costs
Total		 Staff
costs
£		 Grants
£		 Other
costs
£		 Total
2023
£		 Total
2022
£
97,138
103,058		 1,008
107,204		 13,667
89,817		 111,813
300,079		 107,110
165,037
200,196 108,212 103,484 411,892 272,147
24,110
16,705		 0
0		 83,191
5,912		 107,301
22,617		 100,423
27,864
40,815 0 89,103 129,918 128,287
0
3,708		 46,000
0		 360
7,098		 46,360
10,806		 122,179
101,922
3,708
244,719
£
Staff
£		 46,000
154,212
£
Grants
£		 7,458
200,045
£
Other
£		 57,166
598,976
£
Total - 2022
£
107,110
165,037
272,147
100,423
27,864
128,287
122,179
101,922
224,101
624,535
£		 224,101
624,535
£
95,664
93,253		 940
0		 10,506
71,784		 107,110
165,037
188,917 940 82,290
32,306
22,991		 0
0		 68,117
4,873		 100,423
27,864
55,297 0 72,990
0
4,798		 122,179
94,704		 0
2,420		 122,179
101,922
4,798
249,012
£		 216,883
217,823
£		 2,420
157,700
£

Governance costs

Total governance costs of £4,752 (2022 - £5,687) have been included in Support costs and divided equally for each Charitable activity and shown above under Other costs.

These costs include payment for independent examination of £1,230 (2022 - £1,212).

11

NEW GROUND CHURCHES

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

5 Expenditure on: Charitable activities (continued)

Grants

Apostolic ministry and extension
Conferences and events
Mission activities
2022 comparative figures
Apostolic ministry and extension
Conferences and events
Mission activities
Details of grants over £1,000 made to institutions were
Crawley Community Church
Church on the Rock, Guernsey
Newfrontiers
Christ Central Churches
Nouvelles Frontieres, France
Disciple Nations
Redeemer Church, Maastricht
Commission
Catalyst Network
Edfri International
Agape Comunidad Crista, Brazil
Ingreja Raizes, Brazil
Life Church, Seaford
Jubilee+
Redeemer Church, The Hague		 Institutions
Individuals
£
£
107,204
1,008
0
0
46,000
0
153,204
£
1,008
£
Institutions
Individuals
£
£
132,491
0
0
0
62,310
23,367
194,801
£
23,367
£
:
2023
2022
10,909
£
10,909
£
20,000
£
20,000
£
15,000
£
15,000
£
1,000
£
0
8,785
£
9,503
£
12,000
£
12,672
£
44,010
£
53,207
£
(4,500)
£
0
0
5,000
£
0
3,000
£
0
1,000
£
0
1,000
£
0
1,200
£
For Apostolic ministry		 Total
Total
2023
2022
£
£
108,212
132,491
0
0
46,000
85,677
154,212
£
218,168
£
Total - 2022
£
132,491
0
85,677
218,168
£
2023
2022
0
6,324
£
6,000
£
6,000
£
40,000
£
49,985
£
For Mission activities		 Total
2022
£
132,491
0
85,677
218,168
£

The negative figure for Commission was the return of the unused element of a grant made in 2020.

12

NEW GROUND CHURCHES

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

5 Expenditure on: Charitable activities (continued)

Charitable activities by fund
Apostolic ministry and extension
Unrestricted: General
Unrestricted: Designated
Restricted
Conferences and events
Unrestricted: General
Unrestricted: Designated
Mission activities
Unrestricted: General
Unrestricted: Designated
Restricted		 2023
£
248,469
162,415
1,008
411,892
£
94,009
35,909
129,918
£
5,975
50,831
360
57,166
£		 2022
£
229,867
31,010
11,270
272,147
£
94,171
34,116
128,287
£
7,218
153,531
63,352
224,101
£

6 Trustees

David Holden (trustee) was employed full-time during the year as Apostolic Leader. Remuneration in the accounting year amounted to £70,069 (2022 - £67,204), with pension contributions of £6,433 (2022 - £6,127).

Liz Holden (wife of trustee David Holden) was employed part-time during the year as Support Worker. Remuneration in the accounting year amounted to £8,511 (2022 - £8,106).

Dale Barlow (trustee) was employment full-time during the year as Chief Operating Officer. Remuneration in the accounting year amounted to £58,427 (2022 - £55,784), with pension contributions of £5,380 (2022 - £5,124).

Expenses incurred by trustees, David Holden and Dale Barlow, and related party, Liz Holden, in direct charitable activities on behalf of New Ground Churches, were:

Travel - £12,356 (2022 - £14,679), Accommodation - £0 (2022 - £0), Hospitality - £3,502 (2022 - £5,114).

With the exception of those noted, all of which were in accordance with the governing document, none of the trustees (or any person connected with them) received any remuneration or reimbursed expenses during the year.

The total amount donated from trustees and/or related parties during the year was £1,010 (2022 - £750).

13

NEW GROUND CHURCHES

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

7 Employees

Number of employees

The average monthly number of employees during the year was:
Direct charitable
Administrative
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2023
Number
3
2
5
£
209,305
15,223
20,080
244,608
£		 2022
Number
2
2
4
£
211,557
17,541
20,345
249,443
£

The Directors and Core Team are responsibile for directing and planning. Amongst the staff David Holden is considered key management personnel. No other employees had annual emoluments of £60,000 or more.

8 Debtors

Other debtors (including Gift Aid)
Prepayments and accrued income
Creditors: amounts falling due within one year
Trade creditors
Accruals		 2023
£
942
7,933
8,875
£
2023
£
8,114
13,213
21,327
£		 2022
£
20,695
6,742
27,437
£
2022
£
14,011
15,524
29,535
£

9 Creditors: amounts falling due within one year

10 Share capital

The company is limited by guarantee and does not have a share capital. The liability of each member is limited to a maximum of £10.

14

NEW GROUND CHURCHES

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

11 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Brazil support
Fearless offering
Relief fund
2022 comparative figures
Brazil support
Ukraine support
Impact surplus
Church planting
Relief fund		 Balance at
1 Jan 2023
£
4,000
0
0
4,000
£
0
0
2,809
4,658
250
7,717
£		 Incoming
resources
£
7,000
9,871
360
17,231
£
4,000
598
0
7,000
422
12,020
£		 Resources
expended
£
0
(1,008)
(360)
(1,368)
£
0
(598)
0
(63,352)
(10,672)
(74,622)
£		 Transfers
£
(4,000)
0
0
(4,000)
£
0
0
(2,809)
51,694
10,000
58,885
£		 Balance at
31 Dec 2023
£
7,000
8,863
0
15,863
£
4,000
0
0
0
0
4,000
£

Brazil support

In recent years we have built increasingly close relationship with several churches in Brazil. Occasionally churches contribute towards the costs of future support.

Fearless offering

During the Fearless Conference held in June, an offering was taken to support ongoing work amongst churches in the Portuguese-speaking world and the Newfrontiers' sphere, Disciple Nations in Zimbabwe.

Relief fund

Following the dire needs during Covid19 and since, we continue to receive funding to support projects providing business initiatives amongst those living in poverty in Zimbabwe.

15

NEW GROUND CHURCHES

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

12 Designated funds

These are unrestricted funds earmarked by the trustees for particular purposes.

Apostolic extension
Church planting
Academy
Relief fund
Impact surplus
Contingency
2022 comparative figures
Apostolic extension
Church planting
Academy
Relief fund
Impact surplus
Contingency		 Balance at
1 Jan 2023
£
63,764
0
40,735
0
2,809
14,500
121,808
£
150,223
8,765
0
10,000
0
14,500
183,488
£		 Incoming
resources
£
193,027
0
32,850
0
0
0
225,877
£
164,424
0
46,438
0
0
0
210,862
£		 Resources
expended
£
(174,019)
(40,000)
(37,636)
2,500
0
0
(249,155)
£
(196,630)
(16,324)
(5,703)
0
0
0
(218,657)
£		 Transfers
£
50,664
40,000
(21,191)
0
(2,809)
(14,500)
52,164
£
(54,253)
7,559
(10,000)
2,809
(53,885)
£		 Balance at
31 Dec 2023
£
133,436
0
14,758
2,500
0
0
150,694
£
63,764
0
40,735
0
2,809
14,500
121,808
£

Apostolic extension

This fund represents the annual offerings from 2022 and 2023, for the ongoing work of New Ground.

Church planting

To continue support for the plant in Rotterdam, unrestricted funds were designated for church planting.

Academy

This is a training opportunity for those involved in, or aspiring to, leadership within church.

Relief fund

We continue to provide immediately accessible funds for relief where needed around the world. Return of the unusued portion of a grant from 2020 provided additional funds for future needs.

Contingency

Previously drawn from the general budget, it was considered prudent to maintain the fund for unexpected costs. Having used it during the year, it is hoped that funds will become available to recreate this in future.

16

NEW GROUND CHURCHES

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

13
14		 Analysis of net assets between funds
Unrestricted
Designated
Restricted
funds
funds
funds
£
£
£
Fund balances at 31 December 2023 are represented by:
Current assets
50,443
150,694
15,863
Creditors: amounts falling due within one year
(21,327)
0
0
29,116
£
150,694
£
15,863
£
Statement of cash flows
Total funds
2023
£
Cash flows from operating activities:
Net cash provided by (used in) operating activities
47,063
£
Cash flows from investing activities:
Interest from investments
947
48,010
£
Change in cash in the year
48,010
Cash at the beginning of the year
160,115
Cash at the end of the year
208,125
£
Reconciliation of net income/(expenditure) to net cash flow from operating activities
Net income/(expenditure) for the year
37,656
Adjustments for:
Interest from investments
(947)
(Increase)/decrease in debtors
18,562
Increase/(decrease) in creditors
(8,208)
Net cash provided by (used in) operating activities
47,063
£
Analysis of cash
Cash in hand
208,125
Total cash
208,125
£		 Total
2023
£
217,000
(21,327)
195,673
£
Total funds
2022
£
(29,544)
£
31
(29,513)
£
(29,513)
189,628
160,115
£
(49,060)
(31)
(2,074)
21,621

Net income/(expenditure) for the year
Adjustments for:
Interest from investments
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by (used in) operating activities
Analysis of cash
Cash in hand
Total cash
(29,544)
£
160,115
160,115
£

17