REGISTERED COMPANY NUMBER: 05973307 (England and Wales) REGISTERED CHARITY NUMBER: 1123917
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
FOR
NEW LIFE (SCUNTHORPE)
NEW LIFE (SCUNTHORPE)
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | ||
| Cash Flow Statement | 9 | ||
| Notes to the Cash Flow Statement | 10 | ||
| Notes to the Financial Statements | 11 | to | 19 |
NEW LIFE (SCUNTHORPE) (REGISTERED NUMBER: 05973307)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the Directors/Trustees consider how planned activities will contribute to the aims and objectives they have set.
The objects of the Company are for the benefit of the public:
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Advance the Christian faith in accordance with the Statement in such ways and in such parts of the United Kingdom or the world as the Directors/Trustees from time to time may think fit;
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Relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind including through the provision of counselling and support in such parts of the United Kingdom or the world as the Directors/Trustees from time to time think fit;
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Advance education in such ways and in such parts of the United Kingdom or the world the Director/Trustees from time to time think fit.
Grantmaking
Grants are given to relating groups and individuals who are involved in Missions work both in the UK and overseas. The Directors/Trustees review the grant-making policy.
Volunteers
The Charity has a large team of volunteers without whose commitment of time the Charity could not operate.
Page 1
NEW LIFE (SCUNTHORPE) (REGISTERED NUMBER: 05973307)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
ACHIEVEMENT AND PERFORMANCE
Charitable activities
New Life Church was founded as Scunthorpe Pentecostal Church in the 1930's. Since then it has been committed to both declaring the good news of the message of the Jesus Christ in Scunthorpe and beyond. In recent years New Life Church has worked hard to ensure that its message is worked out in loving and transformative ways throughout North Lincolnshire. We hope to become a church that is truly invaluable to our community.
As well as running numerous worship services, highly attended special community events and Christian ministries we are committed to hosting and running programs, activities and courses which improve the lives of the most vulnerable in our local community no matter their background.
Church
New Life's relationships and programmes are rooted in our faith in Jesus Christ and in His love which compels us to serve our community. In this way New Life (Scunthorpe) operates on the understanding that our activities are simply an outworking of our faith; that our "doing" derives directly from our "being". As the church develops and grows we expect its opportunities and activities within the community to increase.
New Life continues to do church in both large and small ways. Our congregational gatherings, which are largely celebratory, compliment our many small groups which provide essential discipleship and care. Our Small Groups are where we believe Christian discipleship is best done.
Our over-arching statement "Transforming People, Transforming Places" assists us in keeping our ministry in focus.
In 2021 we began the year with a level of constraint due to continued Covid 19 restrictions, including online broadcasts and socially distanced ways of holding services.
Significant repairs were needed to the ceiling in our Auditorium, which were able to be completed prior to recommencing in-person Sunday worship services in the middle of the year.
Following the return to in-person services, we have seen a healthy increase in congregation numbers over time including a number of new people joining the church.
The new methods we adopted for congregation members to give online, and make donations by standing order, have continued to be used since the return to in-person services.
Community
-
The Lighthouse and its adjacent Life Skill Centre continue to provide a home and hope to those in need of short-medium term supported accommodation. During the year we were able to complete a replacement of the external staircase and commence other internal improvements due to an 'Awards for All' grant. The grant supported the launch of a new community initiative called 'Family Bank' which provides free school uniform and other clothing and practical supplies for children from birth through to senior school age.
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Open House continued to provide hot meals to the homeless and was able to recommence providing these face to face during the year. Open House still relies fully on volunteers and numbers have remained fairly steady averaging 25-30 each week.
-
"201" is a refurbished terraced property in Scunthorpe which we converted to four flats. These are used for short term lets to those who are moving into a property on their own for the first time. During the year we completed a number of refurbishments including installing a new boiler, carpet and electrical re-wiring.
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Gifted, our residential recovery programme for women with life-controlling issues, continued to operate with a mix of medium and long term clients throughout the year. As with our other properties, it was necessary to undertake a number of repairs and refurbishments to the property including the roof and adjoining extension, and also electrical rewiring.
Overseas Missions
New Life aims to support at least one expression of Christian ministry within each continent. We currently support missions in Colombia, Zimbabwe, Sri Lanka, Slovenia and Chennai, India.
Giving
Our policy of giving to other chosen Christian ministries has continued. This is in addition to passing on monies designated by our congregation.
Page 2
NEW LIFE (SCUNTHORPE) (REGISTERED NUMBER: 05973307)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
FINANCIAL REVIEW
Investment policy
There are no restrictions on New Life (Scunthorpe)'s power to invest. However, the Directors/Trustees have not found it necessary to commence any investment during this year.
Reserves policy
The charity's reserve policy is to hold no less than the equivalent of one quarter of its annual operating costs in reserve in the form of cash (or other short-term assets that may be realised for their cash value at no more than one month's notice) but noting that Covid-19 has had some impact on its operations.
The policy will be reviewed annually by the Trustees during the drafting of the annual report. The Trustees are taking the necessary steps to ensure the reserves policy is met and maintained.
FINANCIAL POSITION
The Directors/Trustees can report that income since the balance sheet date is in line with expectations.The Statement of Financial Activities shows net income for the year ended 31 December, 2021 of £551,943 (2020 - £585,157) and net expenditure of £581,689 (2020 - £565,073). Free reserves at the year end amounted to £65,087 (2020- £68,311).
FUTURE PLANS
Church
New Life continued to enhance the effectiveness and efficiency of its internal operations, to improve its offering of public worship experiences, to seek fresh ways to help improve the lives of the most vulnerable within North Lincolnshire, to network with other churches, 3rd sector organisations and public services and to restructure its activities where necessary.
New Life is also making plans to launch expressions of church within North Lincolnshire's market towns, one of which is expected to be the launch of a 'Truckers Chapel' in Barnetby, for the many lorry drivers who use the lorry park at a local diner.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is a company limited by guarantee which is governed by its Memorandum and Articles of Association incorporated on 20 October, 2006 as amended by Special Resolutions dated 10 November, 2006, 8 May, 2007 and 27 May, 2010.
Recruitment and appointment of new trustees
The Charity seeks the appointment of Directors/Trustees from within the church with the necessary balance of commitment, skills and experience.
Two trustees joined the Board in 2021:
Appointed: P Silabon and M Button.
Organisational structure
The Managing/Charity Directors/Trustees form the Church Council and are responsible for the management of the Charity and its assets in furtherance of its objects.
Induction and training of new trustees
All Directors/Trustees are already familiar with the practical work of the Charity being members of the congregation. On appointment Directors/Trustees are informed of their obligations and the main documents which set out the operational framework of the Charity including the Memorandum and Articles of Association.
Key management remuneration
Key management remuneration is set and reviewed by a remuneration committee using a tailored salary matrix.
Related parties
New Life Scunthorpe is the parent company of two wholly owned subsidiaries.
New Life Compassion (not trading in 2021)
Brighter Ideas Group Limited (not trading in 2021)
Page 3
NEW LIFE (SCUNTHORPE) (REGISTERED NUMBER: 05973307)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The main risk that New Life Scunthorpe faces is financial risk. The community sustainability is reliant on housing benefit and occupancy levels and the church on donations. Donations are monitored by Trustees on an ongoing basis. Occupancy levels are monitored weekly by the projects management teams and contingency plans are in place if potential housing benefit cuts were to adversely affect occupancy levels.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05973307 (England and Wales)
Registered Charity number
1123917
Registered office
The House Brumby Wood Lane SCUNTHORPE DN17 1AB
Trustees
R. Westfield S. L. Westfield J. R. Taylor D. White (resigned 27.1.21) L. E. Adcock T V Mukori P A Silabon (appointed 27.1.21) M D Button (appointed 25.8.21)
Company Secretary Mr. J. R. Taylor
Independent Examiner
H. J. Spauls F.C.A Smethurst & Co LLP 12 Abbey Road GRIMSBY DN32 0HL
Bankers
Barclays Bank plc 81 High Street SCUNTHORPE DN15 6LZ
Solicitors
Geldards LLP Dumfries House Dumfries Place Cardiff CF10 3ZF
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of New Life (Scunthorpe) for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Page 4
NEW LIFE (SCUNTHORPE) (REGISTERED NUMBER: 05973307)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................
R. Westfield - Trustee
Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW LIFE (SCUNTHORPE) (REGISTERED NUMBER: 05973307)
Independent examiner's report to the trustees of New Life (Scunthorpe) ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2021.
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 F.C.A 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:
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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
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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
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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.
H. J. Spauls F.C.A Smethurst & Co LLP 12 Abbey Road GRIMSBY DN32 0HL
Date: .............................................
Page 6
NEW LIFE (SCUNTHORPE)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 225,680 Charitable activities Church Activities 5,334 Community Projects 297,114 Conferencing 218 Investment income 3 212 Other income 13,435 Total 541,993 EXPENDITURE ON Charitable activities 5 Church Activities 299,206 Community Projects 260,906 Conferencing 938 Total 561,050 NET INCOME/(EXPENDITURE) (19,057) Transfers between funds 20 3,342 Net movement in funds (15,715) RECONCILIATION OF FUNDS Total funds brought forward 683,362 TOTAL FUNDS CARRIED FORWARD 667,647 |
Restricted funds £ - 9,950 - - - - 9,950 20,639 - - 20,639 (10,689) (3,342) (14,031) 14,031 - |
31.12.21 31.12.20 Total Total funds funds £ £ 225,680 277,946 15,284 8,380 297,114 253,963 218 953 212 64 13,435 43,851 551,943 585,157 319,845 315,715 260,906 249,358 938 - 581,689 565,073 (29,746) 20,084 - - (29,746) 20,084 697,393 677,309 667,647 697,393 |
31.12.21 31.12.20 Total Total funds funds £ £ 225,680 277,946 15,284 8,380 297,114 253,963 218 953 212 64 13,435 43,851 551,943 585,157 319,845 315,715 260,906 249,358 938 - 581,689 565,073 (29,746) 20,084 - - (29,746) 20,084 697,393 677,309 667,647 697,393 |
|---|---|---|---|
| 585,157 | |||
| 315,715 249,358 - |
|||
| 565,073 | |||
| 20,084 - |
|||
| 20,084 677,309 |
|||
| 697,393 |
The notes form part of these financial statements
Page 7
NEW LIFE (SCUNTHORPE) (REGISTERED NUMBER: 05973307)
BALANCE SHEET
31 DECEMBER 2021
| Notes FIXED ASSETS Tangible assets 12 Investments 13 CURRENT ASSETS Debtors 14 Cash at bank and in hand CREDITORS Amounts falling due within one year 15 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 16 NET ASSETS FUNDS 20 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted funds £ 861,299 1 861,300 20,008 93,644 113,652 (48,565) 65,087 926,387 (258,740) 667,647 |
Restricted funds £ - - - - - - - - - - - |
31.12.21 Total funds £ 861,299 1 861,300 20,008 93,644 113,652 (48,565) 65,087 926,387 (258,740) 667,647 667,647 - 667,647 |
31.12.20 Total funds £ 843,087 1 843,088 28,841 134,344 163,185 (80,843) 82,342 925,430 (228,037) 697,393 683,362 14,031 697,393 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. R. Westfield - Trustee
The notes form part of these financial statements
Page 8
NEW LIFE (SCUNTHORPE)
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2021
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Sale of tangible fixed assets Interest received Net cash used in investing activities Cash flows from financing activities New loans in year Loan repayments in year Net cash (used in)/provided by financing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
31.12.21 £ 15,091 15,091 (44,473) - 212 (44,261) - (11,530) (11,530) (40,700) 134,344 93,644 |
31.12.20 £ 47,489 47,489 (4,500) 200 64 (4,236) 50,000 (7,526) 42,474 85,727 48,617 134,344 |
|---|---|---|
The notes form part of these financial statements
Page 9
NEW LIFE (SCUNTHORPE)
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2021
1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| ACTIVITIES | ||
|---|---|---|
| 31.12.21 | 31.12.20 | |
| £ | £ | |
| Net (expenditure)/income for the reporting period (as per the | ||
| Statement of Financial Activities) | (29,746) | 20,084 |
| Adjustments for: | ||
| Depreciation charges | 26,261 | 26,849 |
| Profit on disposal of fixed assets | - | (56) |
| Interest received | (212) | (64) |
| Decrease in debtors | 8,833 | 164 |
| Increase in creditors | 9,955 | 512 |
| Net cash provided by operations | 15,091 | 47,489 |
2.
ANALYSIS OF CHANGES IN NET DEBT
| At 1.1.21 | Cash flow | At 31.12.21 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 134,344 | (40,700) | 93,644 |
| 134,344 | (40,700) | 93,644 | |
| Debt | |||
| Debts falling due within 1 year | (61,738) | 42,233 | (19,505) |
| Debts falling due after 1 year | (228,037) | (30,703) | (258,740) |
| (289,775) | 11,530 | (278,245) | |
| Total | (155,431) | (29,170) | (184,601) |
The notes form part of these financial statements
Page 10
NEW LIFE (SCUNTHORPE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
Incoming resources
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been included within support costs and allocated to activities on a basis consistent with the use of resources.
Charitable expenditure comprises those costs incurred by the Charity in the delivery of it's activities.
Support costs include governance costs, those costs associated with meeting the constitutional and statutory requirements of the Charity and include the audit fees and costs linked to the strategic management of the Charity.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% Straight Line Fixtures and fittings - 20% Reducing Balance
The Trustees have specified a limit of £250 for capitalisation fixed assets.
All fixed assets are included at cost less accumulated depreciation and Trustees carry out an impairment review when they see necessary.
All freehold property is depreciated over 50 years. This is a departure from the Charity SORP 2019 which states an asset which comprises two or more major components which have substantially different useful economic lives, each component must be depreciated separately over its useful economic life. The Trustees have concluded that the accounts present a true and fair view. A fair presentation has been achieved as any refurbishments to kitchens, bathrooms etc have been included in the statement of financial activities as the cost was incurred.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 11
NEW LIFE (SCUNTHORPE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
1. ACCOUNTING POLICIES - continued
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Accounting for subsidiaries
The charity carries out some trading activities through its wholly owned subsidiary Brighter Ideas Group Ltd in order to raise funds. Brighter Ideas Group Ltd did not trade during the year. New Life scunthorpe also has another subsidiary New Life Compassion which is yet to start trading.
The group does not prepare consolidated accounts as it is exempt under the SORP and Charities Act 2011.
Operating Lease Commitments
Rentals on operating leases are charged to the statement of financial activities based on the terms set out by the lease agreements in place.
2.
3.
4.
| DONATIONS AND LEGACIES Gifts and Donations INVESTMENT INCOME Deposit account interest INCOME FROM CHARITABLE ACTIVITIES Activity Charitable activities Church Activities Grants Church Activities Charitable activities Community Projects Grants Community Projects Charitable activities Conferencing Grants received, included in the above, are as follows: Awards for All Groundwork |
31.12.21 £ 225,680 31.12.21 £ 212 31.12.21 £ 5,334 9,950 297,114 - 218 312,616 31.12.21 £ 9,950 - 9,950 |
31.12.20 £ 277,946 |
31.12.20 £ 277,946 |
|---|---|---|---|
| 31.12.20 £ 64 31.12.20 £ 8,380 - 253,463 500 953 |
|||
| 263,296 | |||
| 31.12.20 £ - 500 500 |
|||
| 500 |
Page 12
NEW LIFE (SCUNTHORPE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
5. CHARITABLE ACTIVITIES COSTS
| Direct Costs £ Church Activities 294,977 Community Projects 260,570 Conferencing 938 556,485 6. GRANTS PAYABLE Church Activities Community Projects The total grants paid to institutions during the year was as follows: Assemblies of God Zimbabwe- Alan Graham CEF Compassion UK The total grants paid to individuals during the year was as follows: Other Individuals Ministry Gift 7. SUPPORT COSTS Church Activities 8. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Surplus on disposal of fixed assets |
Grant funding of activities (see note 6) £ 11,075 336 - 11,411 |
Support costs (see note 7) Totals £ £ 13,793 319,845 - 260,906 - 938 13,793 581,689 31.12.21 31.12.20 £ £ 11,075 8,971 336 431 11,411 9,402 31.12.21 31.12.20 £ £ 4,200 4,200 480 480 1,008 925 5,688 5,605 31.12.21 31.12.20 £ £ 100 1,435 5,623 2,362 5,723 3,797 Governance costs £ 13,793 31.12.21 31.12.20 £ £ 26,261 26,849 - (56) |
|---|---|---|
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NEW LIFE (SCUNTHORPE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
9. TRUSTEES' REMUNERATION AND BENEFITS
The charity's memorandum and articles of association allowing remuneration to be paid to trustees are approved by the charity commission. The following remuneration was paid to the following trustees during the year
10.
| 31.12.2021 31.12.2020 |
31.12.2021 31.12.2020 |
31.12.2021 31.12.2020 |
31.12.2021 31.12.2020 |
31.12.2021 31.12.2020 |
31.12.2021 31.12.2020 |
|---|---|---|---|---|---|
| £ £ |
£ | £ | |||
| R. Westfield S. Westfield |
Total | Total | |||
| Trustees' salaries | 32,341 | 10,796 | 43,137 | 43,304 | |
| Trustees' social security | 3,245 | 330 | 3,575 | 4,464 | |
| Trustees' pensions paid | 1,976 | 648 | 2,624 | 2,829 | |
| 37,562 | 11,774 | 49,336 | 50,597 | ||
| Trustees' expenses There were no trustees' expenses paid for the year ended 31 December 2021 nor for the 31 December 2020. STAFF COSTS 31.12.21 £ Wages and salaries 348,394 Social security costs 19,694 Other pension costs 16,823 384,911 The average monthly number of employees during the year was as follows: 31.12.21 Church 9 Community 13 22 |
year ended 31.12.20 £ 321,331 16,261 16,968 354,560 31.12.20 10 14 24 |
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
No employees received emoluments in excess of £60,000.
11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 223,032 Charitable activities Church Activities 7,880 Community Projects 253,963 Conferencing 953 Investment income 64 Other income 43,851 Total 529,743 EXPENDITURE ON Charitable activities Church Activities 274,332 Community Projects 249,358 Total 523,690 |
Restricted funds £ 54,914 500 - - - - 55,414 41,383 - 41,383 |
Total funds £ 277,946 8,380 253,963 953 64 43,851 |
|---|---|---|
| 585,157 | ||
| 315,715 249,358 |
||
| 565,073 |
Page 14
NEW LIFE (SCUNTHORPE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
| 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted funds £ NET INCOME 6,053 RECONCILIATION OF FUNDS Total funds brought forward 677,309 TOTAL FUNDS CARRIED FORWARD 683,362 12. TANGIBLE FIXED ASSETS Freehold property £ COST At 1 January 2021 1,064,228 Additions 42,867 At 31 December 2021 1,107,095 DEPRECIATION At 1 January 2021 243,771 Charge for year 21,536 At 31 December 2021 265,307 NET BOOK VALUE At 31 December 2021 841,788 At 31 December 2020 820,457 13. FIXED ASSET INVESTMENTS MARKET VALUE At 1 January 2021 and 31 December 2021 NET BOOK VALUE At 31 December 2021 At 31 December 2020 |
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted funds £ NET INCOME 6,053 RECONCILIATION OF FUNDS Total funds brought forward 677,309 TOTAL FUNDS CARRIED FORWARD 683,362 12. TANGIBLE FIXED ASSETS Freehold property £ COST At 1 January 2021 1,064,228 Additions 42,867 At 31 December 2021 1,107,095 DEPRECIATION At 1 January 2021 243,771 Charge for year 21,536 At 31 December 2021 265,307 NET BOOK VALUE At 31 December 2021 841,788 At 31 December 2020 820,457 13. FIXED ASSET INVESTMENTS MARKET VALUE At 1 January 2021 and 31 December 2021 NET BOOK VALUE At 31 December 2021 At 31 December 2020 |
Restricted funds £ 14,031 - 14,031 Fixtures and fittings £ 94,691 1,606 96,297 72,061 4,725 76,786 19,511 22,630 |
Total funds £ 20,084 677,309 697,393 Totals £ 1,158,919 44,473 1,203,392 315,832 26,261 342,093 861,299 843,087 Shares in group undertakings £ 1 1 1 |
|---|---|---|---|
There were no investment assets outside the UK.
The fixed asset investment is a £1 ordinary share in the trading subsidiary of Brighter Ideas Group Limited. The subsidiary gifts profit made to New Life (Scunthorpe).
Brighter ideas group made no profit during 2021 as it did not trade during the year.
New Life Compassion is also a subsidiary of New Life (Scunthorpe). There is no share capital as it is a company limited by guarantee and no reserves at the balance sheet date as it has been dormant since incorporation.
Page 15
NEW LIFE (SCUNTHORPE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
| 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Gift Aid debtor 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 17) Social security and other taxes Other creditors 16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Bank loans (see note 17) 17. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank loans Amounts falling due between two and five years: Bank loans - 1-5 years Amounts falling due in more than five years: Repayable by instalments: Bank loans more 5 yr by instal 18. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows: Within one year Between one and five years |
31.12.21 £ 17,302 2,706 20,008 31.12.21 £ 19,505 6,237 22,823 48,565 31.12.21 £ 258,740 31.12.21 £ 19,505 95,452 163,288 31.12.21 £ 5,760 22,080 27,840 |
31.12.20 £ 26,154 2,687 28,841 31.12.20 £ 61,738 5,687 13,418 80,843 31.12.20 £ 228,037 |
31.12.20 £ 26,154 2,687 28,841 31.12.20 £ 61,738 5,687 13,418 80,843 31.12.20 £ 228,037 |
|---|---|---|---|
| 31.12.20 £ 61,738 |
|||
| 52,040 | |||
| 175,997 31.12.20 £ 1,289 - 1,289 |
|||
| 1,289 |
Page 16
NEW LIFE (SCUNTHORPE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
19. SECURED DEBTS
The following secured debts are included within creditors:
| 31.12.21 | 31.12.20 | |
|---|---|---|
| £ | £ | |
| Bank loans | 228,245 | 239,774 |
Kingdom Bank have a first legal charge over 23 Manby Road and land on the east side, New Life Church Brumby Wood Lane , 201 and 203-205 Frodingham Road, Scunthorpe, dated 20th September 2013.
Kingdom Bank also have a floating charge over all moveable plant, machinery, implements, building materials furniture and equipment at the above properties, dated 20th September 2013.
Barclays Bank have a legal charge over 201 Frodingham Road, Scunthorpe, dated 1st September 2010.
20. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|
| Net | Transfers | |||
| movement | between | At | ||
| At 1.1.21 | in funds | funds | 31.12.21 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 683,362 | (19,057) | 3,342 | 667,647 |
| Restricted funds | ||||
| Building fund | 14,031 | (14,031) | - | - |
| Awards for All | - | 3,342 | (3,342) | - |
| 14,031 | (10,689) | (3,342) | - | |
| TOTAL FUNDS | 697,393 | (29,746) | - | 667,647 |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 541,993 | (561,050) | (19,057) | |
| Restricted funds | ||||
| Building fund | - | (14,031) | (14,031) | |
| Awards for All | 9,950 | (6,608) | 3,342 | |
| 9,950 | (20,639) | (10,689) | ||
| TOTAL FUNDS | 551,943 | (581,689) | (29,746) |
Page 17
NEW LIFE (SCUNTHORPE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
20. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | ||
|---|---|---|
| movement | At | |
| At 1.1.20 | in funds | 31.12.20 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 677,309 |
6,053 | 683,362 |
| Restricted funds | ||
| Building fund - |
14,031 | 14,031 |
| TOTAL FUNDS 677,309 |
20,084 | 697,393 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 529,743 |
(523,690) | 6,053 |
| Restricted funds | ||
| Community Projects 500 |
(500) | - |
| Building fund 54,914 |
(40,883) | 14,031 |
| 55,414 | (41,383) | 14,031 |
| TOTAL FUNDS 585,157 |
(565,073) | 20,084 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | At | ||
| At 1.1.20 | in funds | funds | 31.12.21 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 677,309 | (13,004) | 3,342 | 667,647 |
| Restricted funds | ||||
| Awards for All | - | 3,342 | (3,342) | - |
| TOTAL FUNDS | 677,309 | (9,662) | - | 667,647 |
Page 18
NEW LIFE (SCUNTHORPE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
20. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 1,071,736 | (1,084,740) | (13,004) |
| Restricted funds | |||
| Community Projects | 500 | (500) | - |
| Building fund | 54,914 | (54,914) | - |
| Awards for All | 9,950 | (6,608) | 3,342 |
| 65,364 | (62,022) | 3,342 | |
| TOTAL FUNDS | 1,137,100 | (1,146,762) | (9,662) |
Building fund
Donations received for the building fund are to support the cost of repairs and refurbishment of the buildings.
Awards for All
Grant received towards the cost of property repairs and improvements for the Family Bank
Transfers between funds
Transfers into the general fund are in relation to assets that have been purchased from restricted income were the restrictions have been met.
21.
EMPLOYEE BENEFIT OBLIGATIONS
The charity makes contributions into a defined contribution scheme for its employees. The amount charged to the Statement Of Financial Activities during the year was £19,447 (2020 - £19,797) and the amount due at the balance sheet date was £1,921 (2020 - £2,965).
22. RELATED PARTY DISCLOSURES
The charity is 100% shareholder of Brighter Ideas Group Limited which is a trading subsidiary. All taxable profits made by the subsidiary will be donated to New Life Scunthorpe as they arise.
| Amount due/ (owed ) | |
|---|---|
| at 31 Dec 2021 | |
| £ | |
| Due from Brighter Ideas Group Ltd | 1,499 |
Remuneration was paid to trustees during the year as disclosed in note 9.
Key management remuneration paid to key management during the year amounts to £116,850 (2020£141,253).
During the year the charity paid £1,785 (2020: £2,083) for building work provided by David Woolridge, one of the key management of the charity.
Donations made by trustees during the year amounted to £24,308 (2020: £21,834).
Page 19