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2020-12-31-accounts

Company registration number: 07121504 Charity registration number: 1134671

New Life Baptist Church Northallerton

(A company limited by guarantee)

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2020

New Life Baptist Church Northallerton

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 4
Statement of Trustees' Responsibilities 5
Independent Examiner's Report 6 to 7
Statement of Financial Activities 8 to 9
Balance Sheet 10 to 11
Notes to the Financial Statements 12 to 26

New Life Baptist Church Northallerton

Reference and Administrative Details

Trustees Mr R J Campbell Mrs D M Lucas Mr S S Cowie Mrs J M Swain Mr J L Hodgson Mr J H Smith Other Officers Mrs J E Henderson, Treasurer Principal Office 52-54 High Street Northallerton North Yorkshire DL7 8EG Registered Office New Life Baptist Church 52-54 High Street Northallerton North Yorkshire DL7 8EG The charity is incorporated in England and Wales. Company Registration 07121504 Number

Charity Registration Number 1134671

Independent Examiner Colin Hutson FCA Colin Hutson Accounting Limited Chartered Accountants 74 High Street Northallerton North Yorkshire DL7 8EG Accountants Colin Hutson Accounting Limited 74 High Street Northallerton North Yorkshire DL7 8EG

Page 1

New Life Baptist Church Northallerton

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 December 2020.

Objectives and activities

Objects and aims

These continue to be the advancement of the Christian faith according to the principles of the Baptist denomination and the advancement of education community service and other charitable purposes in the United Kingdom and other parts of the world as the church shall determine.

Our church vision focusses on the church's calling to be like Jesus at the heart of North Yorkshire, by putting into practice the biblical values of love, faith, and hope in our lives and community.

Objectives, strategies and activities

New Life Baptist Church is a lively and diverse church of over 200 people of all ages and backgrounds. We welcome anyone who would like to come along to any of our church services or midweek activities. We partner with the other churches in the town under the banner of One Northallerton, working together to welcome people in new housing to our town, support Syrian refugee families as they settle in Northallerton and establish a community hub in the town called The Living Rooms, which is a safe and welcoming place where 'it is ok not to be ok'.

Public benefit

The trustees have referred to the guidance contained in the Charity Commissions' general guidance on public benefit, when reviewing our aims and objectives and in planning future activities. In particular the trustees consider how planned activities will contribute to the aims and objectives they have set.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Achievements and performance

Key non-financial performance indicators

We continue to welcome new families and individuals to the fellowship and our partners (church members) are very generous in their giving.

The balance sheet remains healthy with total funds of £387,988 (2019 - £388,606)

There has continued to be generous gifts for our support for communities in both Ghana and Romania. In addition the Jubilee Debt Advice Centre continues to be fully financed by generous donations and does not rely on funding from general church or missionary funds. The Northallerton Street Angels project is also fully financed by external funding and donations, such that it does not rely on any financial support from church funds.

Page 2

New Life Baptist Church Northallerton

Trustees' Report

Financial review

Policy on reserves

Reserve funds are held to cover capital expenditure and future expansion of ministries. Included in our reserves is an amount which we intend to use for mission at home and abroad.

The trustees consider that approximately three months of operating costs are required to be held as free cash which equates to £60,000, the actual free cash at the year end equate to £77,560 and are therefore broadly inline with the policy which has been set.

Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

In response to the ongoing Covid situation the Trustees and Treasurer have closely monitored the church’s financial position. During the period March 2020 to September 2020, our income has fallen, but not enough to impact our financial viability. We decided not to participate in the government’s furlough scheme at this time as the church has sufficient reserves, and our staff were able to work from home. However, this will be subject to review as we pay close attention to the Covid situation and the need to plot the church's plans to respond. Given the ongoing uncertainty, we will continue to monitor our income and adjust our expenditure accordingly.

Structure, governance and management

Nature of governing document

The charity is registered as a charitable company limited by guarantee, incorporated on 11 January 2010. It was registered as a charity on 5 March 2010.

The principal object of the charity is to the advancement of the Christian faith according to the principles of the Baptist denomination to include the advancement of education, community service and other general charitable purposes in such parts of the United Kingdom and the world as the Church shall determine.

Recruitment and appointment of trustees

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

Page 3

New Life Baptist Church Northallerton

Trustees' Report

Organisational structure

Partners of the church are accepted in accordance with the constitution on the profession of faith in Jesus Christ.

The partners meeting normally takes place three times per year and has responsibility for agreeing the overall policy of the church. In accordance with the constitution, the partners appoint trustees, who together with the Senior Pastor (who is also appointed by the partners), are collectively known as the eldership. The eldership in conjunction with the treasurer (who is appointed by the partners) are responsible for the day to day running of the church's work and witness the financial and legal aspects of the charity. All partners are encouraged to take part in the spiritual and practical tasks involved in the furtherance of the charitable objective.

Relevant matters may be submitted to the church meeting by the trustees for guidance, or may be raised by partners in the church meeting for further consideration by the trustees. Though the constitution permits decisions to be made at church meetings by appropriate majorities, the church seeks to work by consensus wherever possible.

Financial instruments

Objectives and policies

The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.

The annual report was approved by the trustees of the charity on 15 September 2021 and signed on its behalf by:

......................................... Mr S S Cowie Trustee

Page 4

New Life Baptist Church Northallerton

Statement of Trustees' Responsibilities

The trustees (who are also the directors of New Life Baptist Church Northallerton for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees of the charity on 15 September 2021 and signed on its behalf by:

......................................... Mr S S Cowie Trustee

Page 5

New Life Baptist Church Northallerton

Independent Examiner's Report to the trustees of New Life Baptist Church Northallerton

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2020 which are set out on pages 8 to 26.

Respective responsibilities of trustees and examiner

As the charity’s trustees of New Life Baptist Church Northallerton (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of New Life Baptist Church Northallerton are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Page 6

New Life Baptist Church Northallerton

Independent Examiner's Report to the trustees of New Life Baptist Church Northallerton

Independent examiner’s statement

Since New Life Baptist Church Northallerton's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

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

  1. accounting records were not kept in respect of New Life Baptist Church Northallerton as required by section 386 of the 2006 Act; or

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

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

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.

...................................... Colin Hutson FCA Chartered Accountant ICAEW

74 High Street Northallerton North Yorkshire DL7 8EG

15 September 2021

Page 7

New Life Baptist Church Northallerton

Statement of Financial Activities for the Year Ended 31 December 2020 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

2020: Current period

2020: Current period
Total
Unrestricted Restricted 2020
Note £ £ £
Income and Endowments from:
Donations and legacies 3 264,042 48,949 312,991
Investment income 4 71 - 71
Other income 5 2,101 - 2,101
Total Income 266,214 48,949 315,163
Expenditure on:
Charitable activities 6 (249,565) (56,779) (306,344)
Other expenditure 7 (4,145) (5,304) (9,449)
Total Expenditure (253,710) (62,083) (315,793)
Net income/(expenditure) 12,504 (13,134) (630)
Net movement in funds 12,504 (13,134) (630)
Reconciliation of funds
Total funds brought forward 217,679 170,927 388,606
Total funds carried forward 19 230,183 157,793 387,976

The notes on pages 12 to 26 form an integral part of these financial statements. Page 8

New Life Baptist Church Northallerton

Statement of Financial Activities for the Year Ended 31 December 2020 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

2019: Comparative period

2019: Comparative period
Unrestricted Restricted Total
funds funds 2019
Note £ £ £
Income and Endowments from:
Donations and legacies 3 271,778 41,821 313,599
Investment income 4 146 - 146
Other income 5 2,413 - 2,413
Total income 274,337 41,821 316,158
Expenditure on:
Charitable activities 6 (263,682) (50,656) (314,338)
Other expenditure 7 (4,312) (5,323) (9,635)
Total expenditure (267,994) (55,979) (323,973)
Net income/(expenditure) 6,343 (14,158) (7,815)
Net movement in funds 6,343 (14,158) (7,815)
Reconciliation of funds
Total funds brought forward 211,336 185,085 396,421
Total funds carried forward 19 217,679 170,927 388,606

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2019 is shown in note 19.

The notes on pages 12 to 26 form an integral part of these financial statements. Page 9

New Life Baptist Church Northallerton

(Registration number: 07121504) Balance Sheet as at 31 December 2020

2020 2019
Note £ £
Fixed assets
Tangible assets 14 273,851 281,801
Current assets
Debtors 15 15,216 13,344
Cash at bank and in hand 16 101,751 99,798
116,967 113,142
Creditors: Amounts falling due within one year 17 (2,842) (6,337)
Net current assets 114,125 106,805
Net assets 387,976 388,606
Funds of the charity:
Restricted 157,793 170,927
Unrestricted income funds
Unrestricted 230,183 217,679
Total funds 19 387,976 388,606

For the financial year ending 31 December 2020 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The notes on pages 12 to 26 form an integral part of these financial statements. Page 10

New Life Baptist Church Northallerton

(Registration number: 07121504) Balance Sheet as at 31 December 2020

The financial statements on pages 8 to 26 were approved by the trustees, and authorised for issue on 15 September 2021 and signed on their behalf by:

......................................... Mrs J E Henderson Treasurer

......................................... Mr J H Smith Trustee

The notes on pages 12 to 26 form an integral part of these financial statements. Page 11

New Life Baptist Church Northallerton

Notes to the Financial Statements for the Year Ended 31 December 2020

1 Charity status

The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

The address of its registered office is: New Life Baptist Church 52-54 High Street Northallerton North Yorkshire DL7 8EG

These financial statements were authorised for issue by the trustees on 15 September 2021.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.

Basis of preparation

New Life Baptist Church Northallerton meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Page 12

New Life Baptist Church Northallerton

Notes to the Financial Statements for the Year Ended 31 December 2020

Income and endowments

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

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Investment income

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

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.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including independent examination, strategic management and trustees’s meetings and reimbursed expenses.

Page 13

New Life Baptist Church Northallerton

Notes to the Financial Statements for the Year Ended 31 December 2020

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £100 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Freehold property 2% straight line
Motor vehicles 25% reducing balance
Fixtures and fittings 15% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Page 14

New Life Baptist Church Northallerton

Notes to the Financial Statements for the Year Ended 31 December 2020

Foreign exchange

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date.

The results of overseas operations are translated at the average rates of exchange during the period and their balance sheets at the rates ruling at the balance sheet date. Exchange differences arising on translation of the opening net assets and results of overseas operations are reported in other comprehensive income and accumulated in equity (attributed to non-controlling interests as appropriate).

Other exchange differences are recognised in the Statement of Financial Activities in the period in which they arise except for:

1) exchange differences on transactions entered into to hedge certain foreign currency risks (see above);

2) exchange differences arising on gains or losses on non-monetary items which are recognised in other comprehensive income; and

3) in the case of the consolidated financial statements, exchange differences on monetary items receivable from or payable to a foreign operation for which settlement is neither planned nor likely to occur (therefore forming part of the net investment in the foreign operation), which are recognised in other comprehensive income and reported under equity.

Fund structure

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Page 15

New Life Baptist Church Northallerton

Notes to the Financial Statements for the Year Ended 31 December 2020

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Recognition and measurement

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

Page 16

New Life Baptist Church Northallerton

Notes to the Financial Statements for the Year Ended 31 December 2020

Debt instruments

Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:

(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.

(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.

(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).

(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.

(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.

(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).

Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.

With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.

Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.

Page 17

New Life Baptist Church Northallerton

Notes to the Financial Statements for the Year Ended 31 December 2020

3 Income from donations and legacies

Unrestricted funds Unrestricted funds Unrestricted funds Restricted Total
Designated General funds funds
£ £ £ £
Donations and legacies;
Donations from individuals - 26,963 - 26,963
Gift aid reclaimed 8,963 38,657 1,384 49,004
Regular giving and capital
donations 18,125 171,334 47,565 237,024
Total for 2020 27,088 236,954 48,949 312,991
Total for 2019 20,004 251,774 41,821 313,599

4 Investment income

Unrestricted funds Unrestricted funds Unrestricted funds Total
Designated General funds
£ £ £
Interest receivable and similar income;
Interest receivable on bank deposits 2 69 71
Total for 2020 2 69 71
Total for 2019 4 142 146

5 Other income

Fees and supplies
Rental income
Total for 2020
Total for 2019		 Unrestricted
funds
General
£
2,081
20
2,101
2,413		 Total
funds
£
2,081
20
2,101
2,413

Page 18

New Life Baptist Church Northallerton

Notes to the Financial Statements for the Year Ended 31 December 2020

6 Expenditure on charitable activities

Unrestricted funds Unrestricted funds Unrestricted funds Restricted Total
Designated General funds funds
Note £ £ £ £
Staff costs 4,688 166,436 - 171,124
Allocated support
costs 14,478 61,008 56,779 132,265
Governance
costs 8 - 2,955 - 2,955
Total for 2020 19,166 230,399 56,779 306,344
Total for 2019 17,059 246,623 50,656 314,338
Activity
undertaken Total
directly expenditure
£ £
General fund 227,624 227,624
Ghana 52,837 52,837
Jubilee debt advice 6,246 6,246
New life for Romania 11,238 11,238
Mission and evangelism 5,448 5,448
Total for 2020 303,393 303,393
Total for 2019 311,628 311,628

In addition to the expenditure analysed above, there are also governance costs of £2,955 (2019 - £2,710) which relate directly to charitable activities. See note 8 for further details.

7 Other expenditure

Page 19

New Life Baptist Church Northallerton

Notes to the Financial Statements for the Year Ended 31 December 2020

Unrestricted funds Unrestricted funds Unrestricted funds Restricted Total
Designated General funds funds
Note £ £ £ £
Depreciation,
amortisation and other
similar costs 81 4,051 5,304 9,436
Taxation paid by
trading subsidiary - 13 - 13
Total for 2020 81 4,064 5,304 9,449
Total for 2019 75 4,237 5,323 9,635

8 Analysis of governance and support costs

Governance costs

Unrestricted
funds Total
General funds
£ £
Independent examiner fees
Examination of the financial statements 2,955 2,955
Total for 2020 2,955 2,955
Total for 2019 2,710 2,710

Page 20

New Life Baptist Church Northallerton

Notes to the Financial Statements for the Year Ended 31 December 2020

9 Net incoming/outgoing resources

Net outgoing resources for the year include:

Depreciation of fixed assets

2020 2019 £ £ (9,436) (9,635)

10 Trustees remuneration and expenses

During the year the charity made the following transactions with trustees:

Reverend G D Cormack

Reverend G D Cormack received remuneration of £41,381 (2019: £40,272) and £Nil (2019: £80) of expenses were reimbursed to Reverend G D Cormack during the year.

Pension contributions for the trustee for the year totalled £2,428 (2019: £1,971).

The trustee was remunerated in consideration for their duties as Senior Pastor of the New Life Baptist Church Northallerton.

Mr S S Cowie

Mr S S Cowie received remuneration of £35,330 (2019: £34,383) and £343 (2019: £2,131) of expenses were reimbursed to Mr S S Cowie during the year.

The trustee was reimbursed for travelling expenditure relating to mileage and other sundry expenditure.

The trustee received no pension contributions during the year from the charity (2019: £nil).

The trustee was remunerated in consideration for their duties as Mission Pastor of the New Life Baptist Church Northallerton.

Page 21

New Life Baptist Church Northallerton

Notes to the Financial Statements for the Year Ended 31 December 2020

11 Staff costs

The aggregate payroll costs were as follows:

The aggregate payroll costs were as follows:
2020 2019
£ £
Staff costs during the year were:
Wages and salaries 152,996 146,235
Social security costs 13,705 13,316
Pension costs 4,423 3,913
171,124 163,464

The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows:

2020 2019
No No
Directors 7 6
Other salaried staff 5 4
12 10
12 Independent examiner's remuneration
2020 2019
£ £
Examination of the financial statements 2,955 2,710

Page 22

New Life Baptist Church Northallerton

Notes to the Financial Statements for the Year Ended 31 December 2020

13 Taxation

The charity is a registered charity and is therefore exempt from taxation.

14 Tangible fixed assets

14 Tangible fixed assets
Furniture
Land and and
buildings equipment Total
£ £ £
Cost
At 1 January 2020 438,250 99,622 537,872
Additions - 1,482 1,482
At 31 December 2020 438,250 101,104 539,354
Depreciation
At 1 January 2020 167,337 88,734 256,071
Charge for the year 7,765 1,667 9,432
At 31 December 2020 175,102 90,401 265,503
Net book value
At 31 December 2020 263,148 10,703 273,851
At 31 December 2019 270,913 10,888 281,801
Included in Land and Buildings is £50,000 relating to land which is not depreciated.
15 Debtors
2020 2019
£ £
Prepayments 1,221 1,245
Other debtors 13,995 12,099
15,216 13,344

Page 23

New Life Baptist Church Northallerton

Notes to the Financial Statements for the Year Ended 31 December 2020

16 Cash and cash equivalents

2020 2019
£ £
Cash on hand 83 83
Cash at bank 101,665 99,712
Short-term deposits 3 3
101,751 99,798

17 Creditors: amounts falling due within one year

17 Creditors: amounts falling due within one year
2020 2019
£ £
Other taxation and social security (25) 3,250
Other creditors 26 380
Accruals 2,841 2,707
2,842 6,337

18 Pension and other schemes

Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £4,423 (2019 - £3,913).

19 Funds

19 Funds
Balance at
Balance at 1 31
January Incoming Resources December
2020 resources expended 2020
£ £ £ £
Unrestricted
General 197,739 239,124 (234,463) 202,400
Designated 19,940 27,090 (19,247) 27,783
Total unrestricted 217,679 266,214 (253,710) 230,183
Restricted 170,927 48,949 (62,083) 157,793
Total funds 388,606 315,163 (315,793) 387,976

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New Life Baptist Church Northallerton

Notes to the Financial Statements for the Year Ended 31 December 2020

Balance at
Balance at 1 31
January Incoming Resources December
2019 resources expended 2019
£ £ £ £
Unrestricted
General
194,270		 254,329 (250,860) 197,739
Designated
17,066		 20,008 (17,134) 19,940
Total unrestricted
211,336		 274,337 (267,994) 217,679
Restricted
185,085		 41,821 (55,979) 170,927
Total funds
396,421		 316,158 (323,973) 388,606
20 Analysis of net assets between funds
2020
Unrestricted
General Designated Restricted Total funds
£ £ £ £
Tangible fixed assets
133,861		 458 139,532 273,851
Current assets
92,860		 16,309 7,798 116,967
Current liabilities
(2,828)		 - - (2,828)
Total net assets
223,893		 16,767 147,330 387,990
2019
Unrestricted
General Designated Restricted Total funds
£ £ £ £
Tangible fixed assets
136,799		 164 144,838 281,801
Current assets
90,969		 14,389 7,784 113,142
Current liabilities
(6,337)		 - - (6,337)
Total net assets
221,431		 14,553 152,622 388,606

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New Life Baptist Church Northallerton

Notes to the Financial Statements for the Year Ended 31 December 2020

21 Analysis of net funds

21 Analysis of net funds
At 1 At 31
January Financing December
2020 cash flows 2020
£ £ £
Cash at bank and in hand 99,798 1,956 101,754
Net debt 99,798 1,956 101,754
At 1 At 31
January Financing December
2019 cash flows 2019
£ £ £
Cash at bank and in hand 101,704 (1,906) 99,798
Net debt 101,704 (1,906) 99,798

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