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2023-03-31-accounts

Company Registration Number - 07020916

Charity Registration Number - 1132336

New Life Suwarta Sangat

Report and Accounts

31 March 2023

1

New Life Suwarta Sangat

Report and accounts for the year ended 31 March 2023

Contents

Page
Legal and Administrative Information 3
Trustees' Annual Report 1
Statement of directors' responsibilities 3
Independent Examiners Report 5
Statement of Financial Activities 7
Balance sheet 8
Notes to the accounts 9

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New Life Suwarta Sanagat

LEGAL AND ADMINISTRATIVE INFORMATION

Charity Name: New Life Suwarta Sangat Charity registration no: 1132336 Company registration no: 07020916 Registered office: 17 Northwick Park Road, Harrow, Middlesex HA1 2NY Principal address: Lorreto Gardens, Kenton, Harrow, Middlesex HA3 9LZ Trustees: Matthew Irvine (appointed 16[th] September 2009) Kanchan Vohra (appointed 22[nd] November 2019) Dipak Upadhyay (appointed 16[th] September 2009) Manjula Shah (appointed 29[th] March 2012) Bankers: Santander UK plc 2 Triton Square, Regent’s Place, London NW1 3AN

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Trustees Annual Report for the period ended 31st March 2023

The trustees of the charity, who are also the directors for the purposes of Company Act, have pleasure in submitting their report together with the financial statements for the year ending 31[st] March 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Church's governing document, the Charities Act 2011 and "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)”.

The purposes of the charity as set out in its governing document.

  1. To advance the Christian faith in accordance with the statement of beliefs appearing in the schedule hereto in North West London and in such other parts of The United Kingdom or the world as the directors of the Charity (herein called "the trustees") may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the Charity;

  2. To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, good 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.

The main activities undertaken in relation to those purposes during the year.

The spiritual governance of the church is taken by the Leadership Team which was organised by the Trustees in January 2011. The Leadership Team is comprised of two of the four Trustees, namely, Dipak Upadhyay and Matthew Irvine besides two others on Leadership Team. There is a division of labour between the Leadership Team (i.e. Spiritual Oversight) and the Trustee Board (i.e. Financial and Administrative Oversight).

The Church conducts regular meetings for the worship of God. The central worship meeting takes place each Sunday at 11 am.

The main activities undertaken during the year to further the charity's purpose for the public benefit. All members of the public are welcome to attend the service and the activities at the church, and our membership comprises people from various ethnic and social backgrounds.

There were outreach events held during school holidays or on other significant Christian dates. Attendance at the weekly Sunday meetings ranged from 30 to 50 people.

Youth Clubs for boys and girls met each week during school term time (Wednesday evenings and Friday evenings). The Mums and Toddler Group takes place on Friday mornings. We also conducted periodic spiritual bhajans in needy people’s homes for their blessing. There were also regular women's and men's meetings for bible study and encouragement which happened in personal homes. (Mondays, Tuesdays, and Thursdays and Saturdays)

Risk management

The Church has operated smoothly over the year in review and the Trustees have not identified any major risks to which the Church may be exposed. Financial and operating procedures are appropriate for an organisation of this size and nature. An insurance policy is current which mitigates against the financial risk that is commensurate with the nature of activities undertaken by the Church.

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Objectives and Activities

Aims and organisation

The aims of the Church are to advance the Christian faith in North West London and in other such parts of the United Kingdom or the world as the trustees may from time to time think fit.

Public benefit

All members of the public are welcome to attend the services and activities at the Church, and our membership comprises people from various ethnic and social backgrounds.

Achievements and Performance

Review of operations during the year

The Church conducts regular meetings for the worship of God. The central worship meeting takes place each Sunday at 11 am. There were outreach events held during school holidays or on other significant Christian dates.

Attendance at the fortnightly Sunday meetings ranged from 30 to 50 people. Special outreach events included:

Youth Clubs for boys and girls met each week during school term time (Wednesday evenings), as did the Mums and Toddler Group (Friday mornings). We also conducted periodic spiritual bhajans in people’s homes for their blessing if there was no lockdown. There were also regular women’s and men’s meetings for bible study and encouragement which happened in personal homes or zoom during the lockdown (Mondays, Tuesdays, and Wednesdays)

Financial review of the position at the reporting date 31 March 2023

The trustees consider the financial performance by the charity during the year to have been satisfactory and in line with aims and objectives of the charity.

Financial and operating procedures are appropriate for an organisation of this size and nature. An insurance policy is current which mitigates against the financial risk that is commensurate with the nature of activities undertaken by the Church.

Policies on reserves

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It is the policy of the Church to maintain unrestricted funds at a level which takes into account the future needs of the Church and the variable nature of general giving. The Church is also planning to employ a youth worker or a pastor at some point. The rent is increased considerably from March 2019 when the ten-year lease was renewed to six more years. At 31st March 2023, the free reserves stood at £95,417. This includes £200 raised by the Mothers and Toddlers Group which has been designated for use by that group. It also includes £5,062 raised by Women Learning Together which is designated to be used by that group.

Availability and adequacy of assets of each of the funds

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

Principal funding sources

The Church’s income is made up entirely of voluntary donations and offerings. Donations received for local or overseas missions and natural disasters are passed on to recipients at full value with no deductions for administrative costs.

Investment policy

The Trustees decided during 2012 to invest in a number of higher interest earning accounts whilst continuing to hold a prudent amount in a current bank account to cover fluctuations in normal business. Two deposit accounts were opened; one with a building society and another with a bank reflecting the Church’s low risk approach and desire to spread risk across the banking sector.

Statement of the Trustee's Responsibilities

The Trustees (who are also directors of New Life Suwarta Sangat for the purposes of company law) 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).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company at the balance sheet date and its incoming resources and application of resources, including income and expenditure for the financial year. In preparing these financial statements, the trustees are required to:

The Trustees are responsible for maintaining adequate 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 Companies Act 2006. 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 irregularities.

Approval

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These financial statements have been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies. This report was approved by the trustees and signed on their behalf by:

Signed: ……………………………

Date: …15/07/2023…………………

Signed: ………………………………… Date: …17/07/2023………………

MANJULA SHAH MATTHEW IRVINE Trustee Trustee

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INDEPENDENT EXAMNINER’S REPORT

TO THE TRUSTEES OF NEW LIFE SUWARTA SANGAT

I report to the trustees on my examination of the financial statements of New Life Suwarta Sangat (the Church) for the year ended 31 March 2023.

Respective responsibilities of the Trustees and the Independent Examiner

As the trustees of the Church, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the church’s financial statement carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the financial statements.

Independent Examiner's Statement

In connection with my examination, no matter has come to my attention:

Brighton Fong FCCA 02/07/2023

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NEW LIFE SUWARTA SANGAT Income and Expenditure Account for the year ended 31 March 2023

INCOME
Donations and legacies
Charitable activities
Investments
Total Income
EXPENDITURE
Raising funds
Charitable activities
Total Expenditure
NET INCOME / (EXPENDITURE) FOR
THE YEAR
Balance brought forward
BALANCE CARRIED FORWARD		 Unrestricted
Funds
£
35,479
1,833
4,722
42,034
0
(40,205)
(40,205)
1,829
138,360
140,188		 Restricted
Funds
£
0
800
0
800
0
(306)
(306)
494
275
769		 2023
2022
Total Funds
Total Funds
£
£
35,479
36,404
2,632
6,157
4,722
2,169
42,834
44,730
0
0
(40,511)
(39,758)
(40,511)
(39,758)
2,323
4,972
138,635
138,635
140,958
143,607

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NEW LIFE SUWARTA SANGAT Balance Sheet as at 31 March 2023

Notes
FIXED ASSETS
Tangible assets
Investments
CURRENT ASSETS
Investments
Debtors
1
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
2
NET CURRENT ASSETS / (LIABILITIES)
NET ASSETS / (LIABILITIES)
FUNDS
Unrestricted funds
Restricted funds (designated income)
TOTAL FUNDS		 2023
2022
£
£
0
0
80,000
80,000
80,000
80,000
15,000
15,000
1,116
1,520
45,868
42,290
61,984
58,810
0
(175)
141,984
138,635
141,984
138,635
141,514
138,360
469
275
141,984
138,635		 2023
2022
£
£
0
0
80,000
80,000
80,000
80,000
15,000
15,000
1,116
1,520
45,868
42,290
61,984
58,810
0
(175)
141,984
138,635
141,984
138,635
141,514
138,360
469
275
141,984
138,635
138,635
138,635
138,360
275
138,635

The financial statements were approved by the Board of Trustee and signed on its behalf by:

Signed: ……………………………… Signed: …………………………………………………… Date: …15/07/2023……………………………… Date: …17/07/2023…………… MANJULA SHAH MATTHEW IRVINE Trustee T Trustee

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New Life Suwarta Sangat

Notes to the Accounts for the year ended 31 March 2023

1. Accounting policies

Basis of preparation

The statement of accounts has been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The statement of accounts has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

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 categories of income:

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:

Income

The income of the charity is primary in the form of donations. It is accounted for on an accrual basis as far as it is prudent to do so.

2. Remuneration and payments to Trustees and persons connected with them

No trustees or persons connected with them received any remuneration from the charity.

3. Income

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2023 2022
Unrestricted
Restricted
Total		 Total
Description funds funds funds funds
£ £ £ £
Donations & Legacies
Donations and gifts 31,036 31,036 32,977
Gift Aid 4,442 4,442 4,587
Legacies 0 0 0
Total 35,479 0 35,479 37,564
Charitable Activities
Summer Club 0 0 0
Mums & Tots 48 800 848 400
West End Press & Karis 1,785 1,785 3,143
Furlough 0 0 1,094
Total 1,833 800 2,632 4,637
Investment Income
Interest income 2,087 2,087 89
Rental income 2,635 2,635 2,080
Total 4,722 0 4,722 2,169
TOTAL INCOME 42,034 800 42,834 44,370
4. Expenditure
2023 2022
Unrestricted Restricted Total Total
Description funds funds funds funds
£ £ £ £
Expenditure on charitable activities
Grants & donations 7,270 7,270 5,172
Church leadership & activities 28,885 306 29,191 23,788
Overheads 3,850 3,850 10,699
Investments 0 0 0
Governance costs 200 200 248
Total 40,204.91 306 40,511 39,907
5. Investments
Description **Current ** Non-current 2023 2022
£ £ £ £
Carrying value at the beginning of year 15,000 80,000 95,000 95,000
add: transfer in 0 0 0 0
less: transfer out 0 0 0 0
Carrying value at end of year 15,000 80,000 95,000 95,000

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6. Debtors

2023 2022
£ £
Other debtors 1,116 1,520
7. Charity Funds
Fund Fund
balances balances
brought Gains & carried
Fund names forward Income Expense Transfers losses forward
£ £ £ £ £ £
Unrestricted 138,360 42,034 (40,205) 0 0 140,188
Restricted - Mums & Tots 275 800 (306) 0 0 769
Total funds as per balance sheet 138,635 42,834 (40,511) 0 0 140,958

7. Charity Funds

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