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 2021
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 |
| Notes to the Financial Statements | 11 to 24 |
New Life Baptist Church Northallerton
Reference and Administrative Details
Charity Registration Number 1134671
Company Registration 07121504 Number
The charity is incorporated in England and Wales.
Registered Office
Independent Examiner
Accountants
New Life Baptist Church 52-54 High Street Northallerton North Yorkshire DL7 8EG Colin Hutson FCA Colin Hutson Accounting Limited Chartered Accountants 74 High Street Northallerton North Yorkshire DL7 8EG 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 2021.
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 £422,061 (2020 - £387,976)
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 £111,605 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.
During the year we continued to be subject to Covid restrictions and therefore the church was unable to meet in the usual way. Our staff were largely working from home and church services went online via our YouTube Channel, with smaller fellowship groups continuing via Zoom or similar platforms. We also increasingly used social media to support church members throughout this period. There was a small fall in income during the year, but this was more than offset by a much larger drop in our overall costs and overheads. The major reason for this reduction in costs was that our Senior Pastor retired on 30 June 2021 and was not replaced during the year. The oversight and leadership of the church was carried out by the remaining Pastor supported by the Trustees. We also participated in the government’s Coronavirus Job Retention Scheme for one member of staff for a short period. Given the continuing uncertainties throughout the year because of the Covid pandemic, the Trustees and Treasurer were closely monitoring the church’s financial position, which remained strong with increased reserves.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
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 (appointed 5 May 2021)
Page 3
New Life Baptist Church Northallerton
Trustees' Report
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.
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 26 September 2022 and signed on its behalf by:
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:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
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 26 September 2022 and signed on its behalf by:
Page 5
New Life Baptist Church Northallerton
Independent Examiner's Report to the trustees of New Life Baptist Church Northallerton ("the Company")
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2021.
Responsibilities and basis of report
As the charity’s trustees of the Company (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 ("the Company")
Independent examiner’s statement
Since the Company'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:
-
accounting records were not kept in respect of New Life Baptist Church Northallerton as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
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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
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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
26 September 2022
Page 7
New Life Baptist Church Northallerton
Statement of Financial Activities for the Year Ended 31 December 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
2021: Current period
| Note Income and Endowments from: Donations and legacies 3 Investment income 21 Other income 4 Total Income Expenditure on: Charitable activities 7 Other expenditure 5 Total Expenditure Net income/(expenditure) Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 16 |
Unrestricted £ 243,038 9 421 243,468 (196,973) (4,263) (201,236) 42,232 42,232 230,182 272,414 |
Restricted £ 51,590 - - 51,590 (54,424) (5,312) (59,736) (8,146) (8,146) 157,793 149,647 |
Total 2021 £ 294,628 9 421 |
|---|---|---|---|
| 295,058 | |||
| (251,397) (9,575) |
|||
| (260,972) | |||
| 34,086 | |||
| 34,086 387,975 |
|||
| 422,061 |
The notes on pages 11 to 24 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 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
2020: Comparative period
| Note Income and Endowments from: Donations and legacies 3 Investment income 21 Other income 4 Total income Expenditure on: Charitable activities 7 Other expenditure 5 Total expenditure Net income/(expenditure) Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 16 |
Unrestricted funds £ 264,042 71 2,101 266,214 (249,565) (4,145) (253,710) 12,504 12,504 217,679 230,183 |
Restricted funds £ 48,949 - - 48,949 (56,779) (5,304) (62,083) (13,134) (13,134) 170,927 157,793 |
Total 2020 £ 312,991 71 2,101 |
|---|---|---|---|
| 315,163 | |||
| (306,344) (9,449) |
|||
| (315,793) | |||
| (630) | |||
| (630) 388,606 |
|||
| 387,976 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2020 is shown in note 16.
The notes on pages 11 to 24 form an integral part of these financial statements. Page 9
New Life Baptist Church Northallerton
(Registration number: 07121504) Balance Sheet as at 31 December 2021
| Note Fixed assets Tangible assets 11 Current assets Debtors 12 Cash at bank and in hand 13 Creditors: Amounts falling due within one year 14 Net current assets Net assets Funds of the charity: Restricted Unrestricted income funds Unrestricted Total funds 16 |
2021 £ 264,931 11,374 146,906 158,280 (1,150) 157,130 422,061 149,647 272,414 422,061 |
2020 £ 273,851 15,216 101,751 |
|---|---|---|
| 116,967 (2,842) |
||
| 114,125 | ||
| 387,976 | ||
| 157,793 230,183 |
||
| 387,976 |
For the financial year ending 31 December 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements on pages 8 to 24 were approved by the trustees, and authorised for issue on 26 September 2022 and signed on their behalf by:
.........................................
Mr J H Smith
The notes on pages 11 to 24 form an integral part of these financial statements. Page 10
New Life Baptist Church Northallerton
Notes to the Financial Statements for the Year Ended 31 December 2021
1 Charity status
The charity is limited by share capital, incorporated in England and Wales.
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 26 September 2022.
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 11
New Life Baptist Church Northallerton
Notes to the Financial Statements for the Year Ended 31 December 2021
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.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
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.
Page 12
New Life Baptist Church Northallerton
Notes to the Financial Statements for the Year Ended 31 December 2021
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.
Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
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 13
New Life Baptist Church Northallerton
Notes to the Financial Statements for the Year Ended 31 December 2021
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 14
New Life Baptist Church Northallerton
Notes to the Financial Statements for the Year Ended 31 December 2021
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 15
New Life Baptist Church Northallerton
Notes to the Financial Statements for the Year Ended 31 December 2021
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.
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New Life Baptist Church Northallerton
Notes to the Financial Statements for the Year Ended 31 December 2021
3 Income from donations and legacies
| Donations and legacies; Donations from individuals Gift aid reclaimed Grants, including capital grants; Government grants Regular giving and capital donations Total for 2021 Total for 2020 |
Unrestricted funds Designated £ General £ - 22,097 7,261 35,912 - 3,669 9,710 164,389 16,971 226,067 27,088 236,954 |
Restricted funds £ - 3,074 - 48,516 51,590 48,949 |
Total funds £ 22,097 46,247 3,669 222,615 |
|---|---|---|---|
| 294,628 | |||
| 312,991 |
4 Other income
| Fees and supplies Total for 2021 Total for 2020 |
Unrestricted funds General £ 421 421 2,101 |
Total funds £ 421 |
|---|---|---|
| 421 | ||
| 2,101 |
Page 17
New Life Baptist Church Northallerton
Notes to the Financial Statements for the Year Ended 31 December 2021
5 Other expenditure
| Note Depreciation, amortisation and other similar costs Total for 2021 Total for 2020 |
Unrestricted funds Designated £ General £ 68 4,195 68 4,195 81 4,064 |
Restricted funds £ 5,312 5,312 5,304 |
Total funds £ 9,575 |
|---|---|---|---|
| 9,575 | |||
| 9,449 |
6 Analysis of governance and support costs
Governance costs
| Independent examiner fees Examination of the financial statements Total for 2021 Total for 2020 |
Unrestricted funds General £ 4,436 4,436 2,955 |
Total funds £ 4,436 |
|---|---|---|
| 4,436 | ||
| 2,955 |
7 Expenditure on charitable activities
| Note Staff costs Allocated support costs Governance costs 6 Total for 2021 Total for 2020 |
Unrestricted funds Designated £ General £ 4,722 133,610 6,463 47,742 - 4,436 11,185 185,788 19,166 230,399 |
Restricted funds £ - 54,424 - 54,424 56,779 |
Total funds £ 138,332 108,629 4,436 |
|---|---|---|---|
| 251,397 | |||
| 306,344 |
Page 18
New Life Baptist Church Northallerton
Notes to the Financial Statements for the Year Ended 31 December 2021
| General fund Ghana Jubilee debt advice New life for Romania Mission and evangelism Street Angels Total for 2021 Total for 2020 |
Activity undertaken directly £ 178,696 43,911 6,054 11,467 5,453 1,381 246,962 303,393 |
Total expenditure £ 178,696 43,911 6,054 11,467 5,453 1,381 |
|---|---|---|
| 246,962 | ||
| 303,393 |
In addition to the expenditure analysed above, there are also governance costs of £4,436 (2020 - £2,955) which relate directly to charitable activities. See note 6 for further details.
8 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 £20,842 (2020: £41,381) during the year.
Pension contributions for the trustee for the year totalled £1,416 (2020: £2,428).
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 £35,589 (2020: £35,330) and £383 (2020: £343) 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 (2020: £nil).
The trustee was remunerated in consideration for their duties as Mission Pastor of the New Life Baptist Church Northallerton.
Page 19
New Life Baptist Church Northallerton
Notes to the Financial Statements for the Year Ended 31 December 2021
9 Independent examiner's remuneration
| 9 Independent examiner's remuneration | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Examination of the financial statements | 4,436 | 2,955 |
10 Taxation
The charity is a registered charity and is therefore exempt from taxation.
11 Tangible fixed assets
| Cost At 1 January 2021 Additions At 31 December 2021 Depreciation At 1 January 2021 Charge for the year At 31 December 2021 Net book value At 31 December 2021 At 31 December 2020 |
Land and buildings £ 438,250 - 438,250 175,102 7,775 182,877 255,373 263,148 |
Furniture and equipment £ 101,104 654 101,758 90,401 1,799 92,200 9,558 10,703 |
Total £ 539,354 654 |
|---|---|---|---|
| 540,008 | |||
| 265,503 9,574 |
|||
| 275,077 | |||
| 264,931 | |||
| 273,851 |
Included in Land and Buildings is £50,000 relating to land which is not depreciated.
12 Debtors
| Prepayments Other debtors |
2021 £ 1,273 10,101 11,374 |
2020 £ 1,221 13,995 |
|---|---|---|
| 15,216 |
Page 20
New Life Baptist Church Northallerton
Notes to the Financial Statements for the Year Ended 31 December 2021
13 Cash and cash equivalents
| Cash on hand Cash at bank |
2021 £ 83 146,823 146,906 |
2020 £ 83 101,668 |
|---|---|---|
| 101,751 |
14 Creditors: amounts falling due within one year
| Other taxation and social security Other creditors Accruals |
2021 £ (2,601) - 3,751 1,150 |
2020 £ (25) 26 2,841 |
|---|---|---|
| 2,842 |
15 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 £3,263 (2020 - £4,423).
16 Funds
| 16 Funds | ||||
|---|---|---|---|---|
| Unrestricted General Designated Total unrestricted Restricted Total funds |
Balance at 1 January 2021 £ 202,398 27,784 230,182 157,793 387,975 |
Incoming resources £ 226,496 16,972 243,468 51,590 295,058 |
Resources expended £ (189,983) (11,253) (201,236) (59,736) (260,972) |
Balance at 31 December 2021 £ 238,911 33,503 |
| 272,414 149,647 |
||||
| 422,061 |
Page 21
New Life Baptist Church Northallerton
Notes to the Financial Statements for the Year Ended 31 December 2021
| Balance at 1 January 2020 £ Incoming resources £ Unrestricted General 197,739 239,124 Designated 19,940 27,090 Total unrestricted 217,679 266,214 Restricted 170,927 48,949 Total funds 388,606 315,163 17 Analysis of net assets between funds 2021 Unrestricted General £ Designated £ Tangible fixed assets 130,321 389 Current assets 123,062 23,796 Current liabilities (1,150) - Total net assets 252,233 24,185 2020 Unrestricted General £ Designated £ Tangible fixed assets 133,861 458 Current assets 92,860 16,309 Current liabilities (2,828) (14) Total net assets 223,893 16,753 |
Resources expended £ (234,463) (19,247) (253,710) (62,083) (315,793) Restricted £ 134,221 11,422 - 145,643 Restricted £ 139,532 7,798 - 147,330 |
Balance at 31 December 2020 £ 202,400 27,783 |
|---|---|---|
| 230,183 157,793 |
||
| 387,976 | ||
| Total funds £ 264,931 158,280 (1,150) |
||
| 422,061 | ||
| Total funds £ 273,851 116,967 (2,842) |
||
| 387,976 |
Page 22
New Life Baptist Church Northallerton
Notes to the Financial Statements for the Year Ended 31 December 2021
18 Analysis of net funds
| 18 Analysis of net funds | |||
|---|---|---|---|
| Cash at bank and in hand Net debt Cash at bank and in hand Net debt |
At 1 January 2021 £ 101,754 101,754 At 1 January 2020 £ 99,798 99,798 |
Financing cash flows £ 40,379 40,379 Financing cash flows £ 1,956 1,956 |
At 31 December 2021 £ 142,133 |
| 142,133 | |||
| At 31 December 2020 £ 101,754 |
|||
| 101,754 |
Page 23
New Life Baptist Church Northallerton
Notes to the Financial Statements for the Year Ended 31 December 2021
19 Staff costs
The aggregate payroll costs were as follows:
| Staff costs during the year were: Wages and salaries Social security costs Pension costs |
2021 £ 127,649 7,420 3,263 138,332 |
2020 £ 152,996 13,705 4,423 |
|---|---|---|
| 171,124 |
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
| Directors Other salaried staff 20 Net incoming/outgoing resources Net incoming/(outgoing) resources for the year include: Depreciation of fixed assets |
2021 No 7 5 12 2021 £ (9,575) |
2020 No 7 5 |
|---|---|---|
| 12 | ||
| 2020 £ (9,436) |
21 Investment income
| Interest receivable and similar income; Interest receivable on bank deposits Total for 2021 Total for 2020 |
Unrestricted funds Designated £ General £ 1 8 1 8 2 69 |
Total funds £ 9 |
|---|---|---|
| 9 | ||
| 71 |
Page 24