REGISTERED CHARITY NUMBER: 1124970
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
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 2023
| 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 | 12 |
| Detailed Statement of Financial Activities | 13 | to | 14 |
CHEADLE NEW LIFE CHURCH CHEADLE NEW LIFE CHURCH: NEW LIFE MINISTRIES INTERNATIONAL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. 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 is for the public benefit. During this financial year our purpose to benefit the public included;
• To provide regular church services to promote the Christian faith by way of one church service every Sunday and two mid-week meetings that support the membership
-
We host a number of church led events to support membership of all age groups
-
Work supporting the international benefit provided by the charity to Romania
-
We support the local community by hosting a number of regular and ad-hoc events
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CHEADLE NEW LIFE CHURCH CHEADLE NEW LIFE CHURCH: NEW LIFE MINISTRIES INTERNATIONAL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
ACHIEVEMENT AND PERFORMANCE
The Sunday service continues to be broadcast live for members and the wider online audience utilising YOUTUBE live. Live individual device views are nationwide and international and views after the services are into the hundreds. The services have led to new members joining the church.
There are three mid-week meetings, two of which are open to the public, one is specifically for new believers.
We work with Walk Ministries ex-offenders rehabilitation programme welcoming them to the services as part of their recovery programme.
Work supporting the international benefit provided by the charity to Romania by way of a donation to the Doxa Foundation to support Ukrainian refugees.
Church events have been reintroduced to include:
-
Film nights
-
Celebration events
-
Easter celebrations
-
Mothers’ day
-
Christmas brass band
-
Party in the park
-
Baptisms
-
Baby dedications
-
Christmas light switch on
Regular activities include:
-
Parent and Toddler Group
-
Cheadle Historical Society
-
Foster Carers Support
-
Cheadle Choral Society
-
Slimming World Group
-
Youth group
FINANCIAL REVIEW
Investment policy and objectives
See "Statement of Financial Activities" and "Balance Sheet" for financial position.
The reserves the Charity is holding is £98,586.
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
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CHEADLE NEW LIFE CHURCH CHEADLE NEW LIFE CHURCH: NEW LIFE MINISTRIES INTERNATIONAL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT Charity constitution
The Charity is an unincorporated association.
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 15 March 2024 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 2023.
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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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
15 March 2024
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CHEADLE NEW LIFE CHURCH CHEADLE NEW LIFE CHURCH: NEW LIFE MINISTRIES INTERNATIONAL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
| 2023 | 2022 | ||
|---|---|---|---|
| Unrestricted | |||
| fund | Total funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 22,201 | 22,630 | |
| Other trading activities | 2 | 12,819 | 811 |
| Investment income | 3 | 5 | 1 |
| Total | 35,025 | 23,442 | |
| EXPENDITURE ON | |||
| Raising funds | 23,142 | 24,328 | |
| Other | 7,922 | 2,408 | |
| Total | 31,064 | 26,736 | |
| NET INCOME/(EXPENDITURE) | 3,961 | (3,294) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 94,625 | 97,919 | |
| TOTAL FUNDS CARRIED FORWARD | 98,586 | 94,625 |
The notes form part of these financial statements
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CHEADLE NEW LIFE CHURCH CHEADLE NEW LIFE CHURCH: NEW LIFE MINISTRIES INTERNATIONAL
BALANCE SHEET 31 MARCH 2023
| 2023 | 2022 | ||
|---|---|---|---|
| Unrestricted | |||
| fund | Total funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 6 | 186,941 | 192,433 |
| CURRENT ASSETS | |||
| Debtors | 7 | 1,070 | 480 |
| Cash at bank | 8,556 | 7,383 | |
| 9,626 | 7,863 | ||
| CREDITORS | |||
| Amounts falling due within one year | 8 | (19,315) | (19,315) |
| NET CURRENT ASSETS | (9,689) | (11,452) | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 177,252 | 180,981 | |
| CREDITORS | |||
| Amounts falling due after more than one year | 9 |
(78,666) | (86,356) |
| NET ASSETS | 98,586 | 94,625 | |
| FUNDS | 11 | ||
| Unrestricted funds | 98,586 | 94,625 | |
| TOTAL FUNDS | 98,586 | 94,625 |
The financial statements were approved by the Board of Trustees and authorised for issue on 15 March 2024 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
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CHEADLE NEW LIFE CHURCH CHEADLE NEW LIFE CHURCH: NEW LIFE MINISTRIES INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
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.
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 2023
2. OTHER TRADING ACTIVITIES
| Fundraising events 3. INVESTMENT INCOME Interest receivable |
2023 £ 2,250 2023 £ 5 |
2022 £ 811 2022 £ 1 |
|---|---|---|
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
| 5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |
|---|---|---|
| Unrestricted | ||
| fund | ||
| £ | ||
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 22,630 | |
| Other trading activities | 811 | |
| Investment income | 1 | |
| Total | 23,442 | |
| EXPENDITURE ON | ||
| Raising funds | 24,328 | |
| Other | 2,408 | |
| Total | 26,736 | |
| NET INCOME | (3,294) | |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 97,919 | |
| TOTAL FUNDS CARRIED FORWARD | 94,625 |
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 2023
6. TANGIBLE FIXED ASSETS
| Freehold Improvements Plant and Computer property to property machinery equipment £ £ £ £ COST At 1 April 2022 192,664 15,414 18,733 4,144 Additions - - - 1,090 At 31 March 2023 192,664 15,414 18,733 5,234 DEPRECIATION At 1 April 2022 23,118 1,196 11,775 2,433 Charge for year 3,853 203 1,745 701 At 31 March 2023 26,971 1,479 13,520 3,134 NET BOOK VALUE At 31 March 2023 165,693 13,935 5,213 2,100 At 31 March 2022 169,546 14,218 6,958 1,711 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Other Loan 1,070 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Bank loans and overdrafts (see note 10) 8,115 Other creditors 11,200 19,315 |
Freehold Improvements Plant and Computer property to property machinery equipment £ £ £ £ 192,664 15,414 18,733 4,144 - - - 1,090 192,664 15,414 18,733 5,234 23,118 1,196 11,775 2,433 3,853 203 1,745 701 26,971 1,479 13,520 3,134 165,693 13,935 5,213 2,100 169,546 14,218 6,958 1,711 |
Totals £ 230,955 1,090 232,045 38,522 6,582 45,104 186,941 192,433 2022 £ 480 2022 £ 8,115 11,200 19,315 |
|
|---|---|---|---|
Included within Other Creditors is £10,000 which the Charity has received in error and is currently trying to return to its contributor.
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 2023
9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| Bank loans (see note 10) | 78,666 | 86,356 | ||
| 10. | LOANS | |||
| An analysis of the maturity of loans is given below: | ||||
| 2022 | 2021 | |||
| £ | £ | |||
| Amounts falling due within one year on demand: | ||||
| Bank loans | 8,115 | 8,115 | ||
| Amounts falling between one and two years: | ||||
| Bank loans - 1-2 years | 8,115 | 8,115 | ||
| Amounts falling due between two and five years: | ||||
| Bank loans - 2-5 years | 23,071 | 24,345 | ||
| Amounts falling due in more than five years: | ||||
| Repayable by instalments: | ||||
| Bank loans more 5 yr by instal | 47,480 | 63,416 | ||
| 11. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | ||||
| At 1.4.22 | in funds | At 31.3.23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 94,625 | 3,961 | 98,586 | |
| TOTAL FUNDS | 94,625 | 3,961 | 98,586 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 35,025 | (31,064) | 3,961 | |
| TOTAL FUNDS | 35,025 | (31,064) | 3,961 |
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 2023
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1.4.21 in funds At £ £ Unrestricted funds General fund 97,919 (3,294) TOTAL FUNDS 97,919 (3,294) |
31.3.22 £ 94,625 |
|---|---|
| 94,625 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 23,442 | (26,736) | (3,294) |
| TOTAL FUNDS | 23,442 | (26,736) | (3,294) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net movement At 1.4.21 in funds At £ £ Unrestricted funds General fund 97,919 667 TOTAL FUNDS 97,919 667 |
31.3.23 £ 98,586 |
|---|---|
| 98,586 |
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 | 58,467 | (57,800) | 667 |
| TOTAL FUNDS | 58,467 | (57,800) | 667 |
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 2023
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
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CHEADLE NEW LIFE CHURCH CHEADLE NEW LIFE CHURCH: NEW LIFE MINISTRIES INTERNATIONAL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
| 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 Rates and water Insurance Light and heat Telephone Postage and stationery Sundries Food and Snacks for Cafe Computer Sundries Guest speaker Freehold property Improvements to property Plant and machinery Computer equipment Other trading activities Donations Other Motor and Travel Repairs and Maintenance Training Support costs |
2023 £ 19,117 3,084 10,569 32,770 2,250 5 35,025 804 2,091 3,793 702 709 880 79 1,145 400 3,853 283 1,745 701 17,185 100 - 7,922 7,922 |
2022 £ 19,955 2,675 - 22,630 811 1 23,442 351 1,806 6,247 514 66 937 842 599 - 3,853 290 2,323 572 18,400 1,575 204 1,632 572 2,408 |
|---|---|---|
This page does not form part of the statutory financial statements
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CHEADLE NEW LIFE CHURCH CHEADLE NEW LIFE CHURCH: NEW LIFE MINISTRIES INTERNATIONAL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
| Support costs Finance Bank charges Governance costs Accountancy Professional Fees Bank loan interest Total resources expended Net (expenditure)/income |
2023 £ 84 600 - 5,173 5,773 31,065 3,961 |
2022 £ 84 600 50 3,619 4,269 26,736 (3,294) |
|---|---|---|
This page does not form part of the statutory financial statements
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