**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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- 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
- 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 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:
- (i) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep proper accounting records in accordance with section 41 of the Act; and
- 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 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:
- Fixtures, fittings and equipment 18% Reducing Balance Motor vehicles -
## **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