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 2022
FOR
NEW LIFE (SCUNTHORPE)
NEW LIFE (SCUNTHORPE)
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
| 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 2022
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 2022. 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 2022
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.
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.
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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.
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"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.
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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.
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Family Bank is a ministry providing school uniforms and other quality donated goods free of charge to families in need. Aimed at families with children up to the age of 18. Most families are referred to Family Bank by other agencies in the county. It is staffed by volunteers and is sited in Crosby.
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Truckers Chapel is a regular weekly ministry based at Barneys Café and Truck Stop on the A18 near Barnetby. New Life provides a team of volunteers who spend time with the drivers over food and provide a listening service. The upstairs of the diner has been kindly reserved for the use of Truckers Chapel and is available should any drivers require a quiet space or prayer.
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.
The congregation of New Life also support a growing number of children via Compassion UK in various projects around the globe.
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 2022
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 and the subsequent recovery 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, 2022 of £575,691 (2021 - £551,943) and net expenditure of £607,926 (2021 - £581,689). Free reserves at the year end amounted to £35,855 (2021- £65,087).
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.
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.
There were no changes to Trustees during 2022.
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 2022)
Brighter Ideas Group Limited (not trading in 2022)
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.
Page 3
NEW LIFE (SCUNTHORPE) (REGISTERED NUMBER: 05973307) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
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 L. E. Adcock T V Mukori P A Silabon M D Button Company Secretary Mr. J. R. Taylor Independent Examiner H. J. Spauls FCA 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).
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.
Page 4
NEW LIFE (SCUNTHORPE) (REGISTERED NUMBER: 05973307)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
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 25 October 2023 and signed on its behalf by:
J. R. Taylor - 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 2022.
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 member of the 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:
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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 FCA
Smethurst & Co LLP 12 Abbey Road GRIMSBY DN32 0HL
25 October 2023
Page 6
NEW LIFE (SCUNTHORPE)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 214,745 Charitable activities 4 Church Activities 41,113 Community Projects 301,835 Conferencing 3,564 Investment income 3 26 Other income 320 Total 561,603 EXPENDITURE ON Charitable activities 5 Church Activities 316,311 Community Projects 279,755 Conferencing 689 Total 596,755 NET INCOME/(EXPENDITURE) (35,152) RECONCILIATION OF FUNDS Total funds brought forward 667,647 TOTAL FUNDS CARRIED FORWARD 632,495 |
Restricted funds £ - 14,088 - - - - 14,088 11,171 - - 11,171 2,917 - 2,917 |
31.12.22 31.12.21 Total Total funds funds £ £ 214,745 225,680 55,201 15,284 301,835 297,114 3,564 218 26 212 320 13,435 575,691 551,943 327,482 319,845 279,755 260,906 689 938 607,926 581,689 (32,235) (29,746) 667,647 697,393 635,412 667,647 |
|---|---|---|
The notes form part of these financial statements
Page 7
NEW LIFE (SCUNTHORPE) (REGISTERED NUMBER: 05973307)
BALANCE SHEET 31 DECEMBER 2022
| 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 £ 835,948 1 835,949 25,745 63,772 89,517 (53,662) 35,855 871,804 (239,309) 632,495 |
Restricted funds £ - - - - 2,917 2,917 - 2,917 2,917 - 2,917 |
31.12.22 Total funds £ 835,948 1 835,949 25,745 66,689 92,434 (53,662) 38,772 874,721 (239,309) 635,412 632,495 2,917 635,412 |
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 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 25 October 2023 and were signed on its behalf by:
J. R. Taylor - Trustee
The notes form part of these financial statements
Page 8
NEW LIFE (SCUNTHORPE)
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash (used in)/provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Interest received Net cash used in investing activities Cash flows from financing activities Loan repayments in year Net cash used in 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 |
31.12.22 £ (8,351) (8,351) (760) 26 (734) (17,870) (17,870) (26,955) 93,644 66,689 |
31.12.21 £ 15,091 |
|---|---|---|
| 15,091 | ||
| (44,473) 212 |
||
| (44,261) | ||
| (11,530) | ||
| (11,530) | ||
| (40,700) 134,344 |
||
| 93,644 |
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 2022
1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
| 31.12.22 | 31.12.21 | |
|---|---|---|
| £ | £ | |
| Net expenditure for the reporting period (as per the Statement of Financial | ||
| Activities) | (32,235) | (29,746) |
| Adjustments for: | ||
| Depreciation charges | 26,111 | 26,261 |
| Interest received | (26) | (212) |
| (Increase)/decrease in debtors | (5,737) | 8,833 |
| Increase in creditors | 3,536 | 9,955 |
| Net cash (used in)/provided by operations | (8,351) | 15,091 |
2.
ANALYSIS OF CHANGES IN NET DEBT
| At 1.1.22 | Cash flow | At 31.12.22 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 93,644 | (26,955) | 66,689 |
| 93,644 | (26,955) | 66,689 | |
| Debt | |||
| Debts falling due within 1 year | (19,505) | (1,561) | (21,066) |
| Debts falling due after 1 year | (258,740) | 19,431 | (239,309) |
| (278,245) | 17,870 | (260,375) | |
| Total | (184,601) | (9,085) | (193,686) |
The notes form part of these financial statements
Page 10
NEW LIFE (SCUNTHORPE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
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.
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.
Page 11
NEW LIFE (SCUNTHORPE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
1. ACCOUNTING POLICIES - continued
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. DONATIONS AND LEGACIES
3.
4.
| Gifts and Donations INVESTMENT INCOME Deposit account interest INCOME FROM CHARITABLE ACTIVITIES Activity Charitable activities Church Activities Grants Church Activities Charitable activities Community Projects Charitable activities Conferencing Grants received, included in the above, are as follows: Awards for All Crosby Together |
31.12.22 £ 214,745 31.12.22 £ 26 31.12.22 £ 41,113 14,088 301,835 3,564 360,600 31.12.22 £ - 14,088 14,088 |
31.12.21 £ 225,680 |
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 |
|||
| 9,950 |
5. CHARITABLE ACTIVITIES COSTS
| Church Activities Community Projects Conferencing |
Direct Costs £ 287,014 249,873 689 537,576 |
Grant funding of activities (see note 6) £ 11,844 1,259 - 13,103 |
Support costs (see note 7) £ 28,624 28,623 - 57,247 |
Totals £ 327,482 279,755 689 |
|---|---|---|---|---|
| 607,926 |
Page 12
NEW LIFE (SCUNTHORPE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
6. GRANTS PAYABLE
| GRANTS PAYABLE | ||
|---|---|---|
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| Church Activities | 11,844 | 11,075 |
| Community Projects | 1,259 | 336 |
| 13,103 | 11,411 | |
| The total grants paid to institutions during the year was as follows: | ||
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| Assemblies of God | 4,200 | 4,200 |
| Zimbabwe- Alan Graham CEF | 480 | 480 |
| Compassion UK | 1,080 | 1,008 |
| 5,760 | 5,688 | |
| The total grants paid to individuals during the year was as follows: | ||
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| Ministry Gift | 5,843 | 5,623 |
| Other Individuals | 1,500 | 100 |
| 7,343 | 5,723 | |
| SUPPORT COSTS | ||
| Governance | ||
| costs | ||
| £ | ||
| Church Activities | 28,624 | |
| Community Projects | 28,623 | |
| 57,247 | ||
| NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | ||
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| Depreciation - owned assets | 26,111 | 26,261 |
7. SUPPORT COSTS
8. NET INCOME/(EXPENDITURE)
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
| 31.12.2022 31.12.2021 |
31.12.2022 31.12.2021 |
31.12.2022 31.12.2021 |
31.12.2022 31.12.2021 |
31.12.2022 31.12.2021 |
|---|---|---|---|---|
| £ £ |
£ | £ | ||
| R. Westfield S. Westfield |
Total | Total | ||
| Trustees' salaries | 32,459 | 9,344 | 41,803 | 43,137 |
| Trustees' social security | 3,410 | 268 | 3,678 | 3,575 |
| Trustees' pensions paid | 1,934 | 561 | 2,495 | 2,624 |
| 37,803 | 10,173 | 47,976 | 49,336 |
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Page 13
NEW LIFE (SCUNTHORPE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
10. STAFF COSTS
11.
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Church Community No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 225,680 Charitable activities Church Activities 5,334 Community Projects 297,114 Conferencing 218 Investment income 212 Other income 13,435 Total 541,993 EXPENDITURE ON Charitable activities Church Activities 299,206 Community Projects 260,906 Conferencing 938 Total 561,050 NET INCOME/(EXPENDITURE) (19,057) Transfers between funds 3,342 Net movement in funds (15,715) RECONCILIATION OF FUNDS Total funds brought forward 683,362 TOTAL FUNDS CARRIED FORWARD 667,647 |
31.12.22 £ 355,408 18,340 19,038 392,786 31.12.22 7 17 24 Restricted funds £ - 9,950 - - - - 9,950 20,639 - - 20,639 (10,689) (3,342) (14,031) 14,031 - |
31.12.21 £ 348,394 19,694 16,823 384,911 31.12.21 9 13 22 Total funds £ 225,680 15,284 297,114 218 212 13,435 551,943 319,845 260,906 938 581,689 (29,746) - (29,746) 697,393 667,647 |
|---|---|---|
Page 14
NEW LIFE (SCUNTHORPE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
12. TANGIBLE FIXED ASSETS
| COST At 1 January 2022 Additions At 31 December 2022 DEPRECIATION At 1 January 2022 Charge for year At 31 December 2022 NET BOOK VALUE At 31 December 2022 At 31 December 2021 13. FIXED ASSET INVESTMENTS MARKET VALUE At 1 January 2022 and 31 December 2022 NET BOOK VALUE At 31 December 2022 At 31 December 2021 |
Freehold property £ 1,107,095 - 1,107,095 265,307 22,142 287,449 819,646 841,788 |
Fixtures and fittings £ 96,297 760 97,057 76,786 3,969 80,755 16,302 19,511 |
Totals £ 1,203,392 760 1,204,152 342,093 26,111 368,204 835,948 861,299 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 2022 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.
14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.12.22 | 31.12.21 | |
|---|---|---|
| £ | £ | |
| Other debtors | 22,800 | 17,302 |
| Gift Aid debtor | 2,945 | 2,706 |
| 25,745 | 20,008 |
Page 15
NEW LIFE (SCUNTHORPE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Bank loans and overdrafts (see note 17) Social security and other taxes Other creditors CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Bank loans (see note 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 LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows: Within one year Between one and five years SECURED DEBTS The following secured debts are included within creditors: Bank loans |
31.12.22 £ 21,066 5,529 27,067 53,662 31.12.22 £ 239,309 31.12.22 £ 21,066 55,799 183,510 31.12.22 £ 5,760 16,320 22,080 31.12.22 £ 217,876 |
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 31.12.21 £ 228,245 |
16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
17. LOANS
18. LEASING AGREEMENTS
19. SECURED DEBTS
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.
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NEW LIFE (SCUNTHORPE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
20. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Crosby Together TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Crosby Together TOTAL FUNDS |
Net movement At At 1.1.22 in funds 31.12.22 £ £ £ 667,647 (35,152) 632,495 - 2,917 2,917 667,647 (32,235) 635,412 Incoming Resources Movement resources expended in funds £ £ £ 561,603 (596,755) (35,152) 14,088 (11,171) 2,917 575,691 (607,926) (32,235) |
At 31.12.22 £ 632,495 2,917 |
|---|---|---|
| 635,412 | ||
| (32,235) |
Comparatives for movement in funds
| At 1.1.21 £ Unrestricted funds General fund 683,362 Restricted funds Building fund 14,031 Awards for All - 14,031 TOTAL FUNDS 697,393 Comparative net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Building fund Awards for All TOTAL FUNDS |
Net Transfers movement between At in funds funds 31.12.21 £ £ £ (19,057) 3,342 667,647 (14,031) - - 3,342 (3,342) - (10,689) (3,342) - (29,746) - 667,647 Incoming Resources Movement resources expended in funds £ £ £ 541,993 (561,050) (19,057) - (14,031) (14,031) 9,950 (6,608) 3,342 9,950 (20,639) (10,689) 551,943 (581,689) (29,746) |
At 31.12.21 £ 667,647 - - |
|---|---|---|
| - | ||
| 667,647 | ||
| (10,689) | ||
| (29,746) |
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NEW LIFE (SCUNTHORPE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
20. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Building fund Awards for All Crosby Together TOTAL FUNDS |
At 1.1.21 £ 683,362 14,031 - - 14,031 697,393 |
Net movement in funds £ (54,209) (14,031) 3,342 2,917 (7,772) (61,981) |
Transfers between funds £ 3,342 - (3,342) - (3,342) - |
At 31.12.22 £ 632,495 - - 2,917 |
|---|---|---|---|---|
| 2,917 | ||||
| 635,412 |
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 | 1,103,596 | (1,157,805) | (54,209) |
| Restricted funds | |||
| Building fund | - | (14,031) | (14,031) |
| Awards for All | 9,950 | (6,608) | 3,342 |
| Crosby Together | 14,088 | (11,171) | 2,917 |
| 24,038 | (31,810) | (7,772) | |
| TOTAL FUNDS | 1,127,634 | (1,189,615) | (61,981) |
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.
Crosby Together
Grant received towards the provision of services relating to homelessness and family welfare.
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 £21,533 (2021 - £19,447) and the amount due at the balance sheet date was £1,869 (2021 - £1,921).
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NEW LIFE (SCUNTHORPE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
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 2022 | |
| £ | |
| 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 £116,234 (2021- £116,850).
Donations made by trustees during the year amounted to £29,480 (2021: £24,308).
Page 19