**Charity number: 112454**
## **Forest New Life Church**
**Trustees' report and financial statements**
**for the year ended 31 March 2023**
## **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**|
|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)||
||H Cartlidge||
||A Freeman (Apponted)|14/12/2022|
||S Bird (Resigned)|20/11/2022|
||S Barnard||
|**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 2023**
The trustees present their report and the financial statements for the year ended 31 March 2023. 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) 2022 the Covid Pandemic was still very much in the near term memory of everybody but the worst was behind us.
At the start of this period Keith was chair of Trustees along with Steve Sam and Haley.
At the AGM in November 2022 Steve stood down as a trustee after many years of service which we were and still are truly grateful.
In December 2022 Aeron was appointed as a trustee bringing the number up to 4. We would still like a fifth trustee to be appointed so that we do have an odd number.
Keith continued in the role of finance officer and chair of trustees, which we would like to change in the near future.
Jonathon and Pete and Jean continue in their excellent leadership of the church with input from the trustees and the vision team.
Financially we continue to be stable but still functioning at a lower financial level .
There has been a marked increase in the cost of electricity so we would ask all to continually look to reduce this usage where possible.
This year our income has stayed 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 continue in our relationship with the Baptist church , however most if not all of cleaning, renovation or improvement work is completed by us.
There are a number of concerning areas we would like resolved including carpets , furniture , exterior painting and progress on construction of an accessible toilet.
We have sold the minibus as it was just costing us money in tax and insurance. It would have required investment to get it back on the road however we were able to sell it to the Royal Spring who now use it for their darts team. We have invested in a new laptop for Haley to use to her admin support of Jonathon and minute taking for the trustees meetings.
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.
God bless Keith Bushell Chair of trustees FNLC November 19th 2023 AGM
## foot notes
*(two years have now been reclaimed at the time of writing Nov 2023)
## **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 2023 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 2023**
|**Unrestricted**
**Notes**
**funds**
**£**
**Incoming resources**
Incoming resources from generating funds:
Voluntary income
2
29,684
Investment income
3
49
Other incoming resources
4
1,000
**Total incoming resources**
30,733
**Resources expended**
Establishment costs
8,036
Motor and travelling expenses
185
Legal and professional fees
21,903
Other office expenses
1,177
Depreciation and impairment
191
Other governance costs
449
**Total resources expended**
31,941
Total funds brought forward
32,543
Prior year adjustment
587
Restated total funds brought forward
33,130
**Total funds carried forward**
31,922
All of the above amounts relate to continuing activities.|**2023**
**Total**
**£**
29,684
49
1,000
30,733
8,036
185
21,903
1,177
191
449
31,941
32,543
587
33,130
31,922|**_(restated)_**
**2022**
**Total**
**£**
28,526
-
-|
|---|---|---|
|||28,526|
|||5,876
3,173
20,502
1,023
233
320|
|||31,127|
|||35,142
-|
|||35,142|
|||32,541|
||||
**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 2023**
|**For the year ended 31 March 2023**||||
|---|---|---|---|
||||**_(restated)_**|
|||**2023**|**2022**|
||**Notes**|**£**|**£**|
|**Income**||29,684|28,526|
|Net gains from disposal of income fund fixed assets||1,000|-|
|**Total income**||30,684|28,526|
|Operating expenditure||(31,941)|(31,127)|
|**Operating deficit**||(1,257)|(2,601)|
|**Other income**||||
|Interest receivable and similar income||49|-|
|||49|-|
|**Retained deficit for the financial year**||(1,208)|(2,601)|
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**
## **Balance sheet as at 31 March 2023**
|**Balance sheet**
**as at 31 March 2023**||||||
|---|---|---|---|---|---|
||||||**_(restated)_**|
||||**2023**||**2022**|
||**Notes**|**£**|**£**|**£**|**£**|
|**Fixed assets**||||||
|Tangible assets|7||871||1,063|
|**Current assets**||||||
|Cash at bank and in hand||31,370||31,796||
|||31,370||31,796||
|**Creditors: amounts falling**||||||
|**due within one year**|8|(320)||(317)||
|**Net current assets**|||31,050||31,479|
|**Net assets**|||31,921||32,542|
|**Funds**|9|||||
|Unrestricted income funds|||31,921||32,542|
|**Total funds**|||31,921||32,542|
The financial statements were approved by the trustees on 31 October 2023 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**
|**Cash flow statement**||||
|---|---|---|---|
|**for the year ended 31 March 2023**||||
||||**_(restated)_**|
|||**2023**|**2022**|
||**Notes**|**£**|**£**|
|Net outgoing resources for the year||(1,208)|(2,601)|
|Interest receivable||(49)|-|
|Loss on disposal of fixed assets||(1,000)|-|
|Depreciation and impairment||191|233|
|Increase/(Decrease) in creditors||20|(320)|
|**Net cash outflow from operating activities**||(2,046)|(2,688)|
|Returns on investments and servicing of finance|11|49|-|
|Capital expenditure|11|1,000|(1,296)|
|**Decrease in cash in the year**||(997)|(3,984)|
|**Reconciliation of net cash flow to movement in net funds**|12|||
|**Decrease in cash in the year**||(997)|(3,984)|
|**Net funds at 1 April 2022**||31,796|35,780|
|**Net funds at 31 March 2023**||30,799|31,796|
## **Forest New Life Church**
## **Notes to financial statements for the year ended 31 March 2023**
## **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.
Income from investments is included in the year in which it is receivable.
## **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 -
|**2.**
**Voluntary income**
**Unrestricted**
**funds**
**£**
Donations
22,910
Gifts
6,774
29,684
**3.**
**Investment income**
**Unrestricted**
**funds**
**£**
Bank interest receivable
49
49
**4.**
**Other incoming resources**
**Unrestricted**
**funds**
**£**
Gain on disposal of tangible fixed assets
1,000
1,000|**2023**
**Total**
**£**
22,910
6,774
29,684
**2023**
**Total**
**£**
49
49
**2023**
**Total**
**£**
1,000
1,000|**_(restated)_**
**2022**
**Total**
**£**
23,056
5,470|
|---|---|---|
|||28,526|
|||**_(restated)_**
**2022**
**Total**
**£**
-|
|||-|
|||**_(restated)_**
**2022**
**Total**
**£**
-|
|||-|
## **5. Employees**
_**(restated)**_
## **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:
||**_(restated)_**|
|---|---|
|**2023**|**2022**|
|**Number**|**Number**|
## **6. Prior year adjustment**
|||**Fixtures,**|||
|---|---|---|---|---|
|**7.**|**Tangible fixed assets**|**fittings and**|**Motor**|**_(restated)_**|
|||**equipment**|**vehicles**|**Total**|
|||**£**|**£**|**£**|
||**Cost**||||
||At 1 April 2022|2,422|6,000|8,422|
||Disposals|-|(6,000)|(6,000)|
||At 31 March 2023|2,422|-|2,422|
||**Depreciation**||||
||At 1 April 2022|1,359|6,000|7,359|
||Charge for the year|191|-|191|
||On disposals|-|(6,000)|(6,000)|
||At 31 March 2023|1,550|-|1,550|
||**Net book values**||||
||At 31 March 2023|872|-|872|
||At 31 March 2022|1,063|-|1,064|
|**8.**|**Creditors: amounts falling due**|||**_(restated)_**|
||**within one year**||**2023**|**2022**|
||||**£**|**£**|
||Trade creditors||-|(20)|
||Accruals and deferred income||320|320|
|**9.**|**Analysis of net assets between funds**|||**_(restated)_**|
|||**Unrestricted**||**Total**|
||||**funds**|**funds**|
||||**£**|**£**|
||Fund balances at 31 March 2023 as represented by:||||
||Tangible fixed assets||871|871|
||Current assets||31,370|31,370|
||Current liabilities||(320)|(320)|
||||31,921|31,921|
|||**_(restated)_**||||
|---|---|---|---|---|---|
|**10.**|**Unrestricted funds**|**At**|||**At**|
|||**1st April**|**Incoming**|**Outgoing**|**31st March**|
|||**2022**|**resources**|**resources**|**2023**|
|||**£**|**£**|**£**|**£**|
||Main Income|33,130|30,732|(31,941)|31,921|
|**11.**|**Gross cash flows**||||**_(restated)_**|
|||||**2023**|**2022**|
|||||**£**|**£**|
||**Returns on investments and servicing of finance**|||||
||Interest received|||49|-|
||**Capital expenditure**|||||
||Payments to acquire tangible assets|||-|(1,296)|
||Receipts from sales of tangible assets|||1,000|-|
|||||1,000|(1,296)|
|**12.**|**Analysis of changes in net funds**||**_(restated)_**|||
||||**Opening**|**Cash**|**Closing**|
||||**balance**|**flows**|**balance**|
||||**£**|**£**|**£**|
||Cash at bank and in hand||31,796|(426)|31,370|
||**Net funds**||31,796|(426)|31,370|
## **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 2023**
|**2023**
**£**
**Charitable activities**
**Governance costs**
_Activities undertaken directly_
Office expenses - Other
-
Other governance costs
449
449
**Total governance costs**
449
**Net incoming/(outgoing) resources for the year**
(1,208)|**_(restated)_**
**2022**
**£**
(1)
320
319
319
(2,601)|
|---|---|
|**Incoming resources**
**Incoming resources from generating funds:**
_Voluntary income_
Donations
Gifts
_Investment income_
Bank interest receivable
**Total incoming resources from generating funds**
**Other incoming resources**
Gain on disposal of tangible fixed assets
**Total incoming resources**
**Resources expended**
**Costs of generating funds:**
**Cost of generating voluntary income**
_Donations_
Donations - Establishment - Rent
Donations - Establishment - Light & heat
Donations - Establishment - Repairs & maintenance
Publicity/Outreach
Catering Functions
Donations - Other motor & travel costs
Training & Teaching
Visiting Speaker
Subs/Licences
Computer Costs
Trustees Insurances
Donations - Depreciation & impairment
**Total cost of generating voluntary income**
**Fundraising trading:**
**cost of goods sold and other costs**
**Total costs of generating funds**|**£**
**2023**
**£**
22,910
6,774
29,684
49
49
29,733
1,000
1,000
30,733
1,500
848
1,565
4,050
73
185
21,903
-
478
290
409
191
31,492
31,492
31,492|**£**
**2022**
**£**
23,056
5,470
28,526
-
-
28,526
-
-
28,526
1,500
556
787
2,978
55
3,173
20,402
100
500
356
168
233
30,808
30,808
30,808|**£**
**2022**
**£**
23,056
5,470
28,526
-
-
28,526
-
-
28,526
1,500
556
787
2,978
55
3,173
20,402
100
500
356
168
233
30,808
30,808
30,808|
|---|---|---|---|
||||30,808|
Signed By
## keith bushell
Date Signed 2023-12-11 13:20:40 Email finance.fnlc@gmail.com Printed Name keith bushell IP Address 2a02:c7c:bd0b:bd00:2403:301c:7961:5969 Browser User Agent Mozilla/5.0 (Windows NT 10.0; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/119.0.0.0 Safari/537.36 Edg/119.0.0.0 Name of signatory Keith Bushell