**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 Page 1 ## **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 Page 2 ## **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: 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 15 March 2024 Page 4 ## **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 Page 5 ## **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 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 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... 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 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... 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 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... 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 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... 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 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... Page 11 ## **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. Page 12 ## **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 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 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 Page 14