Charity number: 112454
Forest New Life Church
Trustees' report and financial statements
for the year ended 31 March 2021
Forest New Life Church
Contents
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees report | 2 - 3 |
| Independent examiners' report | 4 |
| Statement of financial activities | 5 |
| Income and expenditure account | 6 |
| Intentionally Blank | 7 |
| Balance sheet | 8 |
| Cash flow statement | 9 |
| Notes to the financial statements | 10 - 13 |
Forest New Life Church
Legal and administrative information
| Charity number | 112454 | |
|---|---|---|
| Business address | Parkend Baptist Church | |
| Folly Road | ||
| Parkend | ||
| Gloucestershire | ||
| GL15 4JF | ||
| Trustees | K Bushell (Chair) | August 2020 |
| G Oram(Chair) | August 2020 | |
| M J Goldby (Finance) | ||
| S Bird | ||
| Accountants | Oversby & Company | |
| Unit 1C Mushet Business Centre | ||
| Crucible Close | ||
| Coleford | ||
| Gloucestershire | ||
| GL16 8RE | ||
| Bankers | Barclays Bank | |
| 17-18 Agincourt Square | ||
| Monmouth | ||
| NP25 3DY |
Forest New Life Church
Report of the trustees
for the year ended 31 March 2021
The trustees present their report and the financial statements for the year ended 31 March 2021. The trustees who served during the year and up to the date of this report are set out on page 1.
Structure, governance and management
When we started the year in 2020 no one knew what a catastrophic situation the world would have been in within 3 or 4 months.
At the start of this period Roy was chair of Trustees along with Steve and Miriam. Jonathan had only been in post a few months and was still finding his way amongst the diaspora!!
We closed all the face to face meetings and went on-line. Badly at first ! But gradually with Jonathon's leadership and improved technology we got better. Suffice to say the huge amount of time effort and skill to record , edit and post on-line videos was superb. Thank you Jonathan.
Roy decided to resign in August 2020 and we want to thank Roy for his huge level of service.
I (Keith) was appointed chair of trustees August 2020.
Sunday mornings at 10.30 were sat round the TV, for a while.
Now (October 2021) Its great to be back, somewhere normal , but not completely.
As trustees risk assessments , finances and general communications continued, thanks again to Roy and Miriam who was the treasurer for a period of that time.
I want to thank them both for their great service.
Financially we are stable all be it functioning at a lower financial level as you will see later from the Finance report. As we move forward we as trustees will continue to oversee the non spiritual parts with input from the spiritual leaders and hopefully the spiritual leaders will heed our practical and legal advice!! Im completely confident in this.
We will have decisions to make in the following year including, continuing to keep the church safe, investing in new equipment, decisions on the minibus and others we as yet do not know will happen.
We praise God for his provision and thank him that we have all remained safe during this time. We trust God to continue to move us forward in the following months and years.
At the time of writing (october 2021) Miriam has resigned as a trustee (July 2021) and Sam has joined.(July 2021) We are looking to increase the number of trustees to 5 so please consider if you feel God would want you to service in this role.
God bless Keith Bushell Chair of trustees FNLC
Forest New Life Church
Report of the trustees for the year ended 31 March 2021
Statement of trustees' responsibilities
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other
On behalf of the board
Secretary
Forest New Life Church
Independent examiner's report to the trustees on the unaudited financial statements of Forest New Life Church.
I report on the accounts of Forest New Life Church for the year ended 31 March 2021 set out on pages 2 to 13.
Respective responsibilities of trustees and independent examiner
As the charity's trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act), as amended by section 28 of the Charities Act 2006 does not apply and that an independent examination is needed. It is my responsibility to examine the accounts under section 43(3)(a) of the Act, as amended; to follow the procedures laid down in the General Directions given by the Charity Commission under section 43(7)(b) of the Act, as amended; and to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(i) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep proper accounting records in accordance with section 41 of the Act; and
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to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act
have not been met; or
- (ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
...........................................................
Amy Snook FMAAT Association of Accounting Technicians Independent examiner Unit 1C Mushet Business Centre Crucible Close Coleford Gloucestershire GL16 8RE
Forest New Life Church
Statement of financial activities
For the year ended 31 March 2021
| Unrestricted funds Notes £ Incoming resources Incoming resources from generating funds: Voluntary income 2 30,825 Activities for generating funds 3 - Total incoming resources 30,825 Resources expended Establishment costs 2,292 Motor and travelling expenses 1,901 Legal and professional fees 17,131 Other office expenses 1,220 Depreciation and impairment 1,200 Organisation 1,670 Other governance costs 320 Total resources expended 25,734 Total funds brought forward 30,051 Total funds carried forward 35,142 |
2021 Total £ 30,825 - 30,825 2,292 1,901 17,131 1,220 1,200 1,670 320 25,734 30,051 35,142 |
2020 Total £ 38,645 31 |
|---|---|---|
| 38,676 | ||
| 6,162 3,074 13,458 2,418 1,500 2,791 300 |
||
| 29,703 | ||
| 21,096 | ||
| 30,069 |
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
The notes on pages 10 to 13 form an integral part of these financial statements.
Forest New Life Church
Income and expenditure account
For the year ended 31 March 2021
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | |||
| Income | 30,825 | 38,676 | |||
| Operating expenditure | (25,734 | ) | (29,703 | ) | |
| Operating surplus | 5,091 | 8,973 | |||
| Retained surplus for the financial year | 5,091 | 8,973 |
All activities derive from continuing operations.
The notes on pages 10 to 13 form an integral part of these financial statements.
Forest New Life Church
The notes on pages 10 to 13 form an integral part of these financial statements.
Forest New Life Church
Balance sheet as at 31 March 2021
| Notes Fixed assets Tangible assets 5 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 6 Net current assets Net assets Funds 7 Unrestricted income funds Total funds |
2021 £ £ 2 35,760 35,760 ) (620 35,140 35,142 35,142 35,142 |
2020 £ £ 1,200 29,169 29,169 ) (300 28,869 30,069 30,051 30,051 |
2020 £ £ 1,200 29,169 29,169 ) (300 28,869 30,069 30,051 30,051 |
|---|---|---|---|
| 30,069 | |||
| 30,051 | |||
| 30,051 |
The financial statements were approved by the trustees on 31 January 2022 and signed on its behalf by
K Bushell (Chair) Trustee
The notes on pages 10 to 13 form an integral part of these financial statements.
Forest New Life Church
Cash flow statement
for the year ended 31 March 2021
| Notes Net incoming resources for the year Depreciation and impairment Increase/(Decrease) in creditors Net cash inflow from operating activities Increase in cash in the year Reconciliation of net cash flow to movement in net funds 10 Increase in cash in the year Net funds at 1 April 2020 Net funds at 31 March 2021 |
2021 £ 5,091 1,200 320 6,611 6,611 6,611 29,169 35,780 |
2020 £ 8,973 1,500 ) (452 10,021 10,021 10,021 19,168 29,189 |
|---|---|---|
Forest New Life Church
Notes to financial statements for the year ended 31 March 2021
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
1.1. Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the Charities Act 1993.
1.2. Incoming resources
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. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
1.3. Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
1.4. Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
- Fixtures, fittings and equipment 25% straight line Motor vehicles - 25% straight line
Forest New Life Church
Notes to financial statements for the year ended 31 March 2021
2. Voluntary income
| Voluntary income | ||
|---|---|---|
| Unrestricted funds £ Donations 27,104 Gifts 3,721 30,825 |
2021 Total £ 27,104 3,721 30,825 |
2020 Total £ 31,414 7,231 |
| 38,645 |
3. Activities for generating funds
| Bank Interest | 2021 Total £ - - |
2020 Total £ 31 |
|---|---|---|
| 31 |
4. Employees
Employment costs
No salaries or wages have been paid to employees, including the trustees, during the year.
Number of employees
The average monthly numbers of employees (including the trustees) during the year, calculated on the basis of full time equivalents, was as follows:
| 2021 | 2020 |
|---|---|
| Number | Number |
Forest New Life Church
Notes to financial statements
for the year ended 31 March 2021
| Fixtures, 5. Tangible fixed assets fittings and Motor equipment vehicles Total £ £ £ Cost At 1 April 2020 and At 31 March 2021 1,126 6,000 7,126 Depreciation At 1 April 2020 1,126 4,800 5,926 Charge for the year - 1,200 1,200 At 31 March 2021 1,126 6,000 7,126 Net book values At 31 March 2021 - - - At 31 March 2020 - 1,200 1,201 6. Creditors: amounts falling due within one year 2021 2020 £ £ Trade creditors 300 - Accruals and deferred income 320 300 7. Analysis of net assets between funds Unrestricted Total funds funds £ £ Fund balances at 31 March 2021 as represented by: Current assets 35,142 35,142 35,142 35,142 8. Unrestricted funds At At 1st April Incoming Outgoing 31st March 2020 resources resources 2021 £ £ £ £ Main Income 30,051 30,825 ) (25,734 35,142 |
Total £ 7,126 5,926 1,200 7,126 - 1,201 2020 £ - 300 Total funds £ 35,142 |
|
|---|---|---|
| 35,142 |
Forest New Life Church
Notes to financial statements for the year ended 31 March 2021
| 9. Gross cash flows 10. Analysis of changes in net funds Cash at bank and in hand Net funds |
Opening balance £ 29,169 29,169 |
2021 £ Cash flows £ 6,611 6,611 |
2020 £ Closing balance £ 35,780 |
|---|---|---|---|
| 35,780 |
Forest New Life Church
The following pages do not form part of the statutory accounts.
Forest New Life Church
Detailed statement of financial activities
For the year ended 31 March 2021
| Charitable activities Governance costs Activities undertaken directly Office expenses - Other Other governance costs Total governance costs Net incoming/(outgoing) resources for the year |
2021 £ - 320 320 320 5,091 |
2020 £ 1 300 301 301 8,973 |
2020 £ 1 300 301 301 8,973 |
|---|---|---|---|
| 301 | |||
| 8,973 |
Forest New Life Church
Detailed statement of financial activities
For the year ended 31 March 2021
| Incoming resources Incoming resources from generating funds: Voluntary income Donations Gifts Activities for generating funds Bank Interest Total incoming resources from generating funds Total incoming resources Resources expended Costs of generating funds: Cost of generating voluntary income Donations Donations - Establishment - Rent Donations - Establishment - Rates & water Donations - Establishment - Light & heat Donations - Establishment - Repairs & maintenance Publicity/Outreach NRG Catering Functions House Groups Donations - Other motor & travel costs Training & Teaching Visiting Speaker Postatge & Stationery Subs/Licences Computer Costs Trustees Insurances Donations - Depreciation & impairment Gifts Organisation Total cost of generating voluntary income |
2021 £ £ 27,104 3,721 30,825 - - 30,825 30,825 1,375 - 462 21 291 - 18 125 1,901 17,031 100 34 549 452 185 1,200 23,744 1,670 1,670 25,414 |
2020 £ £ 31,414 7,231 38,645 31 31 38,676 38,676 2,556 88 430 1,083 184 704 332 785 3,074 13,258 200 35 491 1,706 185 1,500 26,611 2,791 2,791 29,402 |
2020 £ £ 31,414 7,231 38,645 31 31 38,676 38,676 2,556 88 430 1,083 184 704 332 785 3,074 13,258 200 35 491 1,706 185 1,500 26,611 2,791 2,791 29,402 |
|---|---|---|---|
| 38,645 | |||
| 31 | |||
| 31 | |||
| 38,676 | |||
| 38,676 | |||
| 26,611 2,791 |
|||
| 29,402 |
Total cost of generating voluntary income
Forest New Life Church
Detailed statement of financial activities
For the year ended 31 March 2021
Fundraising trading: cost of goods sold and other costs Total costs of generating funds
25,414
29,402