**Charity number: 112454**
## **Forest New Life Church**
**Trustees' report and financial statements**
**for the year ended 31 March 2024**
## **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|
||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 2024**
The trustees present their report and the financial statements for the year ended 31 March 2024. 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**
For this period from April 2023 to march 2024 there has been stability in the trusteeship with Keith as Chair and finance, Haley Admin and Sam and Aeron Trustees bringing the number up to 4. We would still like a fifth trustee to be appointed so that we do have an odd number.
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 with an increase in the income mainly due to the recovery of some back dated gift aid however this has been offset with increased outgoings .
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.
We have increased the usage of the church building. We have a very full program now with Mondays:- Baby massage and evening prayer meeting (march to October in church) Tuesdays :- Cake and coffee (plus various house groups that don't meet in the church) Wednesday:- Parents and Tots Friday :- Two after school clubs , junior and senior run after each other Saturday:- monthly family meeting Sunday :- Weekly morning service and monthly evening Service
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 cCurch , however most if not all of cleaning, renovation or improvement work is completed by us.
There are still a number of concerning areas we would like resolved including carpets , furniture , exterior painting, overall structure of the building and progress on construction of an accessible toilet.
We are together with the leadership looking at a contingency plan if we have to relocate for any major works to be undertaken.
We have been progressing on safeguarding , updating the policy , ensuring all workers are DBS checked and have a roadmap to ensure all training is completed.
We will be putting up pictures with roles of leadership, trustees and other key workers
The website has been revamped and we are now using church suite for most of our admin. Other key tools are available and being explored for our application.
We continue to praise God for his provision and thank him that he continues to bless us. We trust God to continue to move us forward in the following months and years.
## **Forest New Life Church**
**Report of the trustees for the year ended 31 March 2024**
God bless Keith Bushell Chair of trustees FNLC October 20th 2024 , 2024AGM
## **Forest New Life Church**
## **Report of the trustees for the year ended 31 March 2024**
## **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 2024 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 2024**
|**Unrestricted**
**funds**
**Notes**
**£**
**Incoming resources**
Incoming resources from generating funds:
Voluntary income
2
38,644
Investment income
3
278
Incoming resources from charitable activities
4
1,102
Other incoming resources
5
-
**Total incoming resources**
40,024
**Resources expended**
Establishment costs
11,095
Motor and travelling expenses
396
Legal and professional fees
24,147
Other office expenses
2,358
Depreciation and impairment
157
Other governance costs
350
**Total resources expended**
38,503
Total funds brought forward
31,921
Prior year adjustment
-
Restated total funds brought forward
31,921
**Total funds carried forward**
33,442|**2024**
**Total**
**£**
38,644
278
1,102
-
40,024
11,095
396
24,147
2,358
157
350
38,503
31,921
-
31,921
33,442|**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|
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 2024**
|**Notes**
**Income**
Net gains from disposal of income fund fixed assets
**Total income**
Operating expenditure
**Operating surplus/(deficit)**
**Other income**
Interest receivable and similar income
**Retained surplus/(deficit) for the financial year**|**2024**
**£**
39,746
-
39,746
)
(38,503
1,243
278
278
1,521|**2023**
**£**
29,684
1,000
30,684
)
(31,941
)
(1,257
49
49
)
(1,208|
|---|---|---|
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 2024**
|**Notes**
**Fixed assets**
Tangible assets
7
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling**
**due within one year**
8
**Net current assets**
**Net assets**
**Funds**
9
Unrestricted income funds
**Total funds**|**2024**
**£**
**£**
713
33,078
33,078
)
(350
32,728
33,441
33,442
33,442|**2023**
**£**
**£**
872
31,370
31,370
)
(337
31,033
31,905
31,920
31,920|**2023**
**£**
**£**
872
31,370
31,370
)
(337
31,033
31,905
31,920
31,920|
|---|---|---|---|
||||31,905|
||||31,920|
||||31,920|
The financial statements were approved by the trustees on 20 October 2024 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 2024**
|**Notes**
Net incoming/(outgoing) resources for the year
Interest receivable
Loss on disposal of fixed assets
Depreciation and impairment
Increase in creditors
**Net cash inflow/(outflow) from operating activities**
Returns on investments and servicing of finance
11
Capital expenditure
11
**Increase/(Decrease) in cash in the year**
**Reconciliation of net cash flow to movement in net funds**
12
**Increase/(Decrease) in cash in the year**
**Net funds at 1 April 2023**
**Net funds at 31 March 2024**|**2024**
**£**
1,521
)
(278
-
157
30
1,430
278
-
1,708
1,708
31,370
33,078|**2023**
**£**
)
(1,208
)
(49
)
(1,000
191
20
)
(2,046
49
1,000
)
(997
)
(997
31,796
30,799|
|---|---|---|
## **Forest New Life Church**
## **Notes to financial statements for the year ended 31 March 2024**
## **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.
Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable.
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
## **Forest New Life Church**
## **Notes to financial statements for the year ended 31 March 2024**
|**2.**
**Voluntary income**
**Unrestricted**
**funds**
**£**
Donations
32,781
Gifts
5,863
38,644
**3.**
**Investment income**
**Unrestricted**
**funds**
**£**
Bank interest receivable
278
278
**4.**
**Incoming resources from charitable activities**
**Unrestricted**
**funds**
**£**
Grants
1,102
1,102
**5.**
**Other incoming resources**
Gain on disposal of tangible fixed assets|**2024**
**Total**
**£**
32,781
5,863
38,644
**2024**
**Total**
**£**
278
278
**2024**
**Total**
**£**
1,102
1,102
**2024**
**Total**
**£**
-
-|**2023**
**Total**
**£**
22,910
6,774|
|---|---|---|
|||29,684|
|||**2023**
**Total**
**£**
49|
|||49|
|||**2023**
**Total**
**£**
-|
|||-|
|||**2023**
**Total**
**£**
1,000|
|||1,000|
## **Forest New Life Church**
## **Notes to financial statements for the year ended 31 March 2024**
## **6. 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:
|**2024**
**Number**
**Fixtures,**
**7.**
**Tangible fixed assets**
**fittings and**
**equipment**
**£**
**Cost**
At 1 April 2023 and
At 31 March 2024
2,422
**Depreciation**
At 1 April 2023
1,551
Charge for the year
157
At 31 March 2024
1,708
**Net book values**
At 31 March 2024
714
At 31 March 2023
871
**8.**
**Creditors: amounts falling due**
**within one year**
**2024**
**£**
Accruals and deferred income
350|**2023**
**Number**
**Total**
**£**
2,422|
|---|---|
||1,551
157|
||1,708|
||714|
||872|
||**2023**
**£**
320|
## **Forest New Life Church**
## **Notes to financial statements for the year ended 31 March 2024**
|**9.**
**Analysis of net assets between funds**
Fund balances at 31 March 2024 as represented by:
Tangible fixed assets
Current assets
**10.**
**Unrestricted funds**
Main Income
**11.**
**Gross cash flows**
**Returns on investments and servicing of finance**
Interest received
**Capital expenditure**
Receipts from sales of tangible assets
**12.**
**Analysis of changes in net funds**
Cash at bank and in hand
**Net funds**|**Unrestricted**
**Total**
**funds**
**funds**
**£**
**£**
714
714
32,728
32,728
33,442
33,442
**At**
**At**
**1st April**
**Incoming**
**Outgoing**
**31st March**
**2023**
**resources**
**resources**
**2024**
**£**
**£**
**£**
**£**
31,921
40,024
)
(38,503
33,442
**2024**
**2023**
**£**
**£**
278
49
-
1,000
**Opening**
**Cash**
**Closing**
**balance**
**flows**
**balance**
**£**
**£**
**£**
31,370
1,708
33,078
31,370
1,708
33,078|**Total**
**funds**
**£**
714
32,728|
|---|---|---|
|||33,442|
## **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 2024**
|**Charitable activities**
**Governance costs**
_Activities undertaken directly_
Other governance costs
**Total governance costs**
**Net incoming/(outgoing) resources for the year**|**2024**
**£**
350
350
350
1,521|**2023**
**£**
449
449
449
)
(1,208|
|---|---|---|
## **Forest New Life Church**
## **Detailed statement of financial activities**
## **For the year ended 31 March 2024**
|**Incoming resources**
**Incoming resources from generating funds:**
_Voluntary income_
Donations
Gifts
_Investment income_
Bank interest receivable
**Total incoming resources from generating funds**
**Incoming resources from charitable activities**
Grants
**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
Stationery Costs
Donations - Depreciation & impairment|**2024**
**£**
**£**
32,781
5,863
38,644
278
278
38,922
1,102
1,102
-
-
40,024
1,500
1,386
2,085
5,596
528
396
23,872
275
715
939
652
52
157
38,153|**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|**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|
|---|---|---|---|
||||29,684|
||||49|
||||49|
||||29,733|
||||-|
||||-|
||||1,000|
||||1,000|
||||30,733|
||||31,492|
## **Forest New Life Church**
## **Detailed statement of financial activities**
## **For the year ended 31 March 2024**
|**Total cost of generating voluntary income**
**Fundraising trading:**
**cost of goods sold and other costs**
**Total costs of generating funds**|38,153
38,153|31,492|
|---|---|---|
|||31,492|