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2021-03-31-accounts

REGISTERED CHARITY NUMBER: 1124970

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

CHEADLE NEW LIFE CHURCH CHEADLE NEW LIFE CHURCH: NEW LIFE MINISTRIES INTERNATIONAL

Curtis Accountants Ltd 1 Tape Street Cheadle Stoke On Trent Staffordshire ST10 1BB

CHEADLE NEW LIFE CHURCH CHEADLE NEW LIFE CHURCH: NEW LIFE MINISTRIES INTERNATIONAL

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 13
Detailed Statement of Financial Activities 14 to 15

CHEADLE NEW LIFE CHURCH CHEADLE NEW LIFE CHURCH: NEW LIFE MINISTRIES INTERNATIONAL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The work of Cheadle New Life Church; New Life Ministries International includes the following:

To advance the Christian faith [in accordance with the Statement of Beliefs and practices] in such ways and in such parts of the United Kingdom or the world as the Trustees from time to time may think fit.

To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including through the provision of counselling and support in such parts of the United Kingdom or the world as the Trustees from time to time may think fit; and to advance education in such ways and in such parts of the United Kingdom or the world as the Trustees from time to time may think fit.

Public benefit

The Charity acknowledges its requirement to demonstrate clearly that it must have a charitable purpose or "aim" that are for the public benefit. During this financial year our purpose to benefit the public included;

Page 1

CHEADLE NEW LIFE CHURCH CHEADLE NEW LIFE CHURCH: NEW LIFE MINISTRIES INTERNATIONAL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

ACHIEVEMENT AND PERFORMANCE

The achievements and performance of the charity has been severely restricted due to the emergence of the Coronovirus, SARS-CoV-2 worldwide pandemic and UK government imposed lockdown on the 23rd March 2020. All gatherings were banned by law and the church adapted promptly to the situation. The first Sunday after lockdown the church held its first Facebook Live Sunday service. Live individual device views were between 15 - 20 and views after the services were into the hundreds. To reduce the impact of digital exclusion services were recorded and recordings were delivered, complying with government safety instructions, to individuals who did not have the ability to interact online, or were vulnerable, or both. Two mid-week meetings were facilitated by the use of video conferencing platform Zoom. Assuring the wellbeing of individuals impacted by digital exclusion/vulnerable classification was achieved by regular telephone contacts and delivery of Sunday service recordings. When restrictions eased the Sunday service at the church premises recommenced following social distancing guidelines and permitted numbers, facilitated by an online booking system and telephone confirmations. The service continued to be broadcast live for members and the wider online audience choosing to avoid gatherings and recordings continued to be delivered to the vulnerable.

Additionally, due to easing of restrictions, work supporting the international benefit provided by the charity to Romania by way of a Christmas aid lorry to Doxa Foundation was able to proceed in December 2020.

However planned church led events which would have been open to the public were unable to proceed to comply with UK law, including:

Regular activities were unable to proceed for the whole of this period to include:

FINANCIAL REVIEW

Investment policy and objectives

See "Statement of Financial Activities" and "Balance Sheet" for financial position.

The reserves the Charity is holding is £97,919.

Reserves policy

The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Constitution adopted 11 May 2008 and amended 25 April 2017

Charity constitution

The Charity is an unincorporated association.

Page 2

CHEADLE NEW LIFE CHURCH CHEADLE NEW LIFE CHURCH: NEW LIFE MINISTRIES INTERNATIONAL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of new trustees

The Trustees remain the same since the previous report. No Trustees have resigned their position and there have been no new appointments.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1124970

Principal address The Bethel Tape Street Cheadle Stoke-on-Trent Staffordshire ST10 1BG

Trustees

C M Longhurst D Longhurst S Calvert

Independent Examiner Curtis Accountants Ltd 1 Tape Street Cheadle Stoke On Trent Staffordshire ST10 1BB

Approved by order of the board of trustees on 7 February 2022 and signed on its behalf by:

C M Longhurst - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHEADLE NEW LIFE CHURCH

Independent examiner's report to the trustees of CHEADLE NEW LIFE CHURCH

I report to the charity trustees on my examination of the accounts of CHEADLE NEW LIFE CHURCH (the Trust) for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

M D Shaw FCCA Curtis Accountants Ltd 1 Tape Street Cheadle Stoke On Trent Staffordshire ST10 1BB

7 February 2022

Page 4

CHEADLE NEW LIFE CHURCH CHEADLE NEW LIFE CHURCH: NEW LIFE MINISTRIES INTERNATIONAL

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

2021 2020
Unrestricted
fund Total funds
Notes £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 34,366 18,811
Other trading activities 2 450 6,012
Investment income 3 2 14
Total 34,818 24,837
EXPENDITURE ON
Raising funds 4 20,741 32,572
Other 807 2,909
Total 21,548 35,481
NET INCOME/(EXPENDITURE) 13,270 (10,644)
RECONCILIATION OF FUNDS
Total funds brought forward 84,649 95,293
TOTAL FUNDS CARRIED FORWARD 97,919 84,649

The notes form part of these financial statements

Page 5

CHEADLE NEW LIFE CHURCH CHEADLE NEW LIFE CHURCH: NEW LIFE MINISTRIES INTERNATIONAL

BALANCE SHEET 31 MARCH 2021

2021 2020
Unrestricted
fund Total funds
Notes £ £
FIXED ASSETS
Tangible assets 8 197,106 200,583
CURRENT ASSETS
Debtors 9 580 680
Cash at bank 14,019 5,006
14,599 5,686
CREDITORS
Amounts falling due within one year 10 (19,034) (18,172)
NET CURRENT ASSETS (4,435) (12,486)
TOTAL ASSETS LESS CURRENT
LIABILITIES 192,671 188,097
CREDITORS
Amounts falling due after more than one year 11 (94,752) (103,448)
NET ASSETS 97,919 84,649
FUNDS 13
Unrestricted funds 97,919 84,649
TOTAL FUNDS 97,919 84,649

The financial statements were approved by the Board of Trustees and authorised for issue on 7 February 2022 and were signed on its behalf by:

C M Longhurst - Trustee

D Longhurst - Trustee

S Calvert - Trustee

The notes form part of these financial statements

Page 6

CHEADLE NEW LIFE CHURCH CHEADLE NEW LIFE CHURCH: NEW LIFE MINISTRIES INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost Plant and machinery - 25% on reducing balance Computer equipment - 25% on reducing balance

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
Fundraising events 2021
£
450		 2020
£
6,012

continued...

Page 7

CHEADLE NEW LIFE CHURCH CHEADLE NEW LIFE CHURCH: NEW LIFE MINISTRIES INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

3. INVESTMENT INCOME

Interest receivable
RAISING FUNDS
Raising donations and legacies
Staff costs
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Food and Snacks for Cafe
Computer Sundries
Depreciation
Support costs
Investment management costs
Support costs
Aggregate amounts

4. RAISING FUNDS

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

continued...

Page 8

CHEADLE NEW LIFE CHURCH CHEADLE NEW LIFE CHURCH: NEW LIFE MINISTRIES INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

6. STAFF COSTS

The average monthly number of employees during the year was as follows:

Administration staff
No employees received emoluments in excess of £60,000.
7.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds
Other
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2021
2020
-
1
Unrestricted
fund
£
18,811
6,012
14
24,837
32,572
2,909
35,481
(10,644)
95,293
84,649

continued...

Page 9

CHEADLE NEW LIFE CHURCH CHEADLE NEW LIFE CHURCH: NEW LIFE MINISTRIES INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

8. TANGIBLE FIXED ASSETS

8.
TANGIBLE FIXED ASSETS
Freehold
Improvements
Plant and
Computer
property
to property
machinery
equipment
£
£
£
£
COST
At 1 April 2020
192,664
15,414
15,142
1,630
Additions
-
-
1,226
2,514
At 31 March 2021
192,664
15,414
16,368
4,144
DEPRECIATION
At 1 April 2020
15,412
610
7,142
1,103
Charge for year
3,853
296
2,310
758
At 31 March 2021
19,265
906
9,452
1,861
NET BOOK VALUE
At 31 March 2021
173,399
14,508
6,916
2,283
At 31 March 2020
177,252
14,804
8,000
527
9.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021
£
Other Loan - Gary
580
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021
£
Bank loans and overdrafts (see note 12)
7,834
Other creditors
11,200
19,034		 Freehold
Improvements
Plant and
Computer
property
to property
machinery
equipment
£
£
£
£
192,664
15,414
15,142
1,630
-
-
1,226
2,514
192,664
15,414
16,368
4,144
15,412
610
7,142
1,103
3,853
296
2,310
758
19,265
906
9,452
1,861
173,399
14,508
6,916
2,283		 Totals
£
224,850
3,740
228,590
24,267
7,217
31,484
197,106
177,252 14,804 8,000 527 200,583
2021
£
580
2021
£
7,834
11,200
19,034
2020
£
680
2020
£
6,972
11,200
18,172

Included within Other Creditors is £10,000 which the Charity has received in error and is currently trying to return to its contributor.

continued...

Page 10

CHEADLE NEW LIFE CHURCH CHEADLE NEW LIFE CHURCH: NEW LIFE MINISTRIES INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

11.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021
2020
£
£
Bank loans (see note 12)
94,752
103,448
12.
LOANS
An analysis of the maturity of loans is given below:
2021
2020
£
£
Amounts falling due within one year on demand:
Bank loans
7,834
6,972
Amounts falling between one and two years:
Bank loans - 1-2 years
7,834
6,972
Amounts falling due between two and five years:
Bank loans - 2-5 years
23,502
20,916
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
63,416
75,560
13.
MOVEMENT IN FUNDS
Net
movement
At 1.4.20
in funds
At 31.3.21
£
£
£
Unrestricted funds
General fund
84,649
13,270
97,919
TOTAL FUNDS
84,649
13,270
97,919
Net movement in funds, included in the above are as follows:
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
Unrestricted funds
General fund
34,818
(21,548)
13,270
TOTAL FUNDS
34,818
(21,548)
13,270		 2020
£
103,448
2020
£
6,972
6,972
20,916
75,560

continued...

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CHEADLE NEW LIFE CHURCH CHEADLE NEW LIFE CHURCH: NEW LIFE MINISTRIES INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement
At 1.4.19 in funds At 31.3.20
£ £ £
Unrestricted funds
General fund 95,293 (10,644) 84,649
TOTAL FUNDS 95,293 (10,644) 84,649
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 24,837 (35,481) (10,644)
TOTAL FUNDS 24,837 (35,481) (10,644)

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement
At 1.4.19
in funds
At
£
£
Unrestricted funds
General fund
95,293
2,626
TOTAL FUNDS
95,293
2,626		 31.3.21
£
97,919
97,919

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 59,655 (57,029) 2,626
TOTAL FUNDS 59,655 (57,029) 2,626

continued...

Page 12

CHEADLE NEW LIFE CHURCH CHEADLE NEW LIFE CHURCH: NEW LIFE MINISTRIES INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

Page 13

CHEADLE NEW LIFE CHURCH CHEADLE NEW LIFE CHURCH: NEW LIFE MINISTRIES INTERNATIONAL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2021
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Grants
Other trading activities
Fundraising events
Investment income
Interest receivable
Total incoming resources
EXPENDITURE
Raising donations and legacies
Wages
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Food and Snacks for Cafe
Computer Sundries
Freehold property
Improvements to property
Plant and machinery
Computer equipment
Other trading activities
Licensing
Fundraising services
Guest Speakers
Other
Motor and Travel
Repairs and Maintenance		 2021
£
17,801
6,565
10,000
34,366
450
2
34,818
-
312
1,783
4,934
504
37
667
114
654
3,853
296
2,310
758
16,222
-
-
-
-
-
807
807		 2020
£
18,811
-
-
18,811
6,012
14
24,837
5,727
538
2,562
4,882
675
284
64
1,095
605
3,853
302
2,677
173
23,437
489
1,376
700
2,565
1,094
1,815
2,909

This page does not form part of the statutory financial statements

Page 14

CHEADLE NEW LIFE CHURCH CHEADLE NEW LIFE CHURCH: NEW LIFE MINISTRIES INTERNATIONAL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Support costs
Finance
Bank charges
Governance costs
Room Hire
Accountancy
Professional Fees
Bank loan interest
Total resources expended
Net income/(expenditure)		 2021
£
80
-
600
-
3,839
4,439
21,548
13,270		 2020
£
103
447
600
560
4,860
6,467
35,481
(10,644)

This page does not form part of the statutory financial statements

Page 15