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2022-03-31-accounts

Charity number: 112454

Forest New Life Church

Trustees' report and financial statements

for the year ended 31 March 2022

Forest New Life Church

Contents

Page
Legal and administrative information 1
Trustees report 2 - 4
Independent examiners' report 5
Statement of financial activities 6
Income and expenditure account 7
Intentionally Blank 8
Balance sheet 9
Cash flow statement 10
Notes to the financial statements 11 - 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)
H Cartlidge July 2021
M J Goldby (Finance) 29 July 2021
S Bird
S Barnard July 2021
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 2022

The trustees present their report and the financial statements for the year ended 31 March 2022. 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 April) 2021 we had been through a year of the Covid Pandemic. We (but especially Jonathon ) had done such an amazing job with the technology to run as a church online. We had got used to church on a Sunday morning online.

At the start of this period Keith was chair of Trustees along with Steve and Miriam.

In July 2021 Miriam stood down as a trustee and in charge of the finances and we also appointed both Sam and Haley as trustees.

Without any obvious candidates Keith took on the role as finance officer too. I would like to place on record our great thanks to Miriam for all the work she has done.

It wasn't until August 2021 that the government started to relax the rules for business but also there were beginning a few opportunities for gyms , leisure centres and churches.

As trustees risk assessments , finances and general communications continued, and we covid safely opened the church when allowed wearing masks and not being allowed to sing.

Jonathon opened the parents and tots when allowed with great success.

For me the highlight of the year was the grotto. What a great joy and opportunity we had to do something for the community . Massive thanks to Lorne Henry for the use of the animatronic Father Christmas and Christmas electronic stuff (trains , fairground rides and many more….)

Financially we continue to be stable but still functioning at a lower financial level .

This year our income was lower than our expenditure however we have yet to claim the gift aid which we are in the process of completing.

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!! I'm completely confident in this.

We will have decisions to make in the following year including, investing in new equipment, decisions on the minibus , new ministries and reopening post pandemic back to some sense of normality (whatever that means).

We continue to 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, Steve has decided to stand down as a trustee at the AGM, which leaves us with the three minimum trustees. 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.

Steve had been a massive rock to the trusteeship and we thank him so much for his long service.

God bless Keith Bushell Chair of trustees FNLC November 20th 2022 AGM

Forest New Life Church

Report of the trustees for the year ended 31 March 2022

Forest New Life Church

Report of the trustees for the year ended 31 March 2022

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:

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 2022 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:

have not been met; or

...........................................................

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 2022

Unrestricted
funds
Notes
£
Incoming resources
Incoming resources from generating funds:
Voluntary income
2
28,526
Total incoming resources
28,526
Resources expended
Establishment costs
5,876
Motor and travelling expenses
3,173
Legal and professional fees
20,502
Other office expenses
1,024
Depreciation and impairment
233
Organisation
-
Other governance costs
320
Total resources expended
31,128
Total funds brought forward
35,142
Total funds carried forward
32,540		 2022
Total
£
28,526
28,526
5,876
3,173
20,502
1,024
233
-
320
31,128
35,142
32,540		 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

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 11 to 13 form an integral part of these financial statements.

Forest New Life Church

Income and expenditure account

For the year ended 31 March 2022

Notes
Income
Operating expenditure
Operating (deficit)/surplus
Retained (deficit)/surplus for the financial year		 2022
£
28,526
)
(31,128
)
(2,602
)
(2,602		 2021
£
30,825
)
(25,734
5,091
5,091

All activities derive from continuing operations.

The notes on pages 11 to 13 form an integral part of these financial statements.

Forest New Life Church

The notes on pages 11 to 13 form an integral part of these financial statements.

Forest New Life Church

Balance sheet as at 31 March 2022

Notes
Fixed assets
Tangible assets
4
Current assets
Cash at bank and in hand
Creditors: amounts falling
due within one year
5
Net current assets
Net assets
Funds
6
Unrestricted income funds
Total funds		 2022
£
£
1,065
31,776
31,776
)
(300
31,476
32,541
32,543
32,543		 2021
£
£
-
35,780
35,780
)
(620
35,160
35,160
35,142
35,142		 2021
£
£
-
35,780
35,780
)
(620
35,160
35,160
35,142
35,142
35,160
35,142
35,142

The financial statements were approved by the trustees on and signed on its behalf by

K Bushell (Chair) Trustee

The notes on pages 11 to 13 form an integral part of these financial statements.

Forest New Life Church

Cash flow statement

for the year ended 31 March 2022

Notes
Net (outgoing)/incoming resources for the year
Depreciation and impairment
(Decrease)/Increase in creditors
Net cash (outflow)/inflow from operating activities
Capital expenditure
8
(Decrease)/Increase in cash in the year
Reconciliation of net cash flow to movement in net funds
9
(Decrease)/Increase in cash in the year
Net funds at 1 April 2021
Net funds at 31 March 2022		 2022
£
)
(2,601
233
)
(320
)
(2,688
)
(1,296
)
(3,984
)
(3,984
35,780
31,796		 2021
£
5,091
1,200
320
6,611
-
6,611
6,611
29,169
35,780

Forest New Life Church

Notes to financial statements for the year ended 31 March 2022

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:

Forest New Life Church

Notes to financial statements for the year ended 31 March 2022

2. Voluntary income

Unrestricted
funds
£
Donations
23,056
Gifts
5,470
28,526		 2022
Total
£
23,056
5,470
28,526		 2021
Total
£
27,104
3,721
30,825

3. 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:


Fixtures,
4.
Tangible fixed assets
fittings and
equipment
£
Cost
At 1 April 2021
1,126
Additions
1,296
At 31 March 2022
2,422
Depreciation
At 1 April 2021
1,126
Charge for the year
233
At 31 March 2022
1,359
Net book values
At 31 March 2022
1,063		 2022
Number

Motor
vehicles
£
6,000
-
6,000
6,000
-
6,000
-		 2021
Number
Total
£
7,126
1,296
8,422
7,126
233
7,359
1,063

Forest New Life Church

Notes to financial statements for the year ended 31 March 2022

5.
Creditors: amounts falling due
within one year
Trade creditors
Accruals and deferred income
6.
Analysis of net assets between funds
Fund balances at 31 March 2022 as represented by:
Tangible fixed assets
Current assets
Current liabilities
7.
Unrestricted funds
Main Income
8.
Gross cash flows
Capital expenditure
Payments to acquire tangible assets
9.
Analysis of changes in net funds
Cash at bank and in hand
Net funds		 2022
2021
£
£
)
(20
300
320
320
Unrestricted
Total
funds
funds
£
£
1,065
1,065
31,776
31,776
300
300
33,141
33,141
At
At
1st April
Incoming
Outgoing
31st March
2021
resources
resources
2022
£
£
£
£
35,142
28,526
)
(31,128
32,540
2022
2021
£
£
)
(1,296
-
Opening
Cash
Closing
balance
flows
balance
£
£
£
35,780
)
(3,984
31,796
35,780
)
(3,984
31,796		 2021
£
300
320
Total
funds
£
1,065
31,776
300
33,141

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 2022

2022 2022 2021 2021
£ £
Charitable activities
Governance costs
Activities undertaken directly
Office expenses - Other (1 ) -
Other governance costs 320 320
319 320
Total governance costs 319 320
Net incoming/(outgoing) resources for the year (2,601 ) 5,091

Forest New Life Church

Detailed statement of financial activities

For the year ended 31 March 2022

2022 2022 2021 2021
£ £ £ £
Incoming resources
Incoming resources from generating funds:
Voluntary income
Donations 23,056 27,104
Gifts 5,470 3,721
28,526 30,825
Total incoming resources from generating funds 28,526 30,825
Total incoming resources 28,526 30,825
Resources expended
Costs of generating funds:
Cost of generating voluntary income
Donations
Donations - Establishment - Rent 1,500 1,375
Donations - Establishment - Light & heat 556 462
Donations - Establishment - Repairs & maintenance 787 21
Publicity/Outreach 2,978 291
Catering Functions 55 18
House Groups - 125
Donations - Other motor & travel costs 3,173 1,901
Training & Teaching 20,402 17,031
Visiting Speaker 100 100
Postatge & Stationery - 34
Subs/Licences 500 549
Computer Costs 356 452
Trustees Insurances 168 185
Donations - Depreciation & impairment 233 1,200
30,808 23,744
Gifts
Organisation - 1,670
- 1,670
Total cost of generating voluntary income 30,808 25,414
Fundraising trading:
cost of goods sold and other costs
Total costs of generating funds 30,808 25,414

Signed By

Date Signed 2022-11-25 15:58:48 Email finance.fnlc@gmail.com Printed Name keith Bushell IP Address 2a02:c7c:bd0b:bd00:d423:8f84:8a13:aa37 Browser User Agent Mozilla/5.0 (Windows NT 10.0; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/107.0.0.0 Safari/537.36 Edg/107.0.1418.52 Name of signatory Keith Bushell