Company Registration No. 07121504
Charily registration No. 1134671
NEW LIFE BAPTIST CHURCH NORTHALLERTON
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Colin Hutson
Accounting Limited
Chartered Accountants

New Life Baptist Church Northallerton
Contents
Reference and Administrative Details
Trustees, Report
2105
statement of Trustees, Responsibilities
Independent Examiner's Report
7t08
Slalement of Financial Activities
9t010
Balance Sheet
11 to12
Notes to Ihe Financial Statements
131027

New Life Baptist Church Northallerton
Reference and Administrative Details
Other Officers
Mr N Mathieson, Treasurer
Charity Registration Number 1134671
Company Registration
Number
07121504
The charity is incorporated in England and Wales.
New Life Baptist Church
52-54 High Street
Northallerton
North Yorkshire
DL7 8EG
Registered Office
Independent Examiner
lan Smithson CPFA
3 Orchard Court
Northallerton
North Yorkshire
DL7 8DQ
Colin Hutson Accounting Limited
Chartered Accountants
74 High Street
Northallerton
North Yorkshire
DL7 8EG
Accountants
Page I

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 stalements of the charitable company for the year ended 31
December 2023.
Objectives and activities
Objects and aims
These continue lo be the advancement of the Chrislian faith according lo the principles of
Ihe Baptist denomination and the advancement of education community Servi￿ and other
charitable purposes in the United Kingdom and other parts of Ihe 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, strategles 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
seNiGes or midweek activities. We partner with the olher churches in Ihe town under the
banner of One Northallerton, working together to welcome people in new housing to our
lown, support Syrian refugee families as Ihey settle in Northallerton and establish a
community hub in the town called The Living Rooms, which is a safe and welcoming place
where 'il is ok not to be ok,.
Public benefit
The trustees have referred to the guidance contained in the Charily Commissions, general
guidance on public benefit, when reviewing our aims and objectives and in planning fulure
activilies. In particular the trustees consider how planned activities will contribute lo 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 conlinue to welcome new families and individuals to the fellowship and our partners
(church members) are very generous in Iheir giving.
The balance sheet remains healthy with lotal funds of £465,95712022- £453,524)
There has continued lo be generous gifts for our support for communities in both Ghana and
Romania. In addition the Jubilee Debt Advice Cenlre 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 il does not rely on any financial support from church funds.
Page 2

New Life Baptist Church Northallerton
Trustees, Report
Financial review
Policy on reseNes
Reserve funds are held to cover capital expenditure and future expansion of ministries.
Included in our reseNes is an amount which we intend to use for mission al 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, Ihe actual free cash at the year end equate to
£79,771 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 lo adopt the going concern basis in preparing the
financial statements. Further details regarding Ihe adoption of the going con￿rn basis can
be found in the Accounting Policies.
During the year we have worked hard at building a culture of welcome, making sure we care
for everyone who comes into our fellowship. We have seen many of our ministries flourish
and grow, from our garden project in partnership with Three13, to our Jubilee Debt advice
centre. We are committed to growing as followers of Jesus, learning how to live out our faith
in our everyday. We have said goodbye to some and welcomed others, and have a
continued commitment to unity in the gospel of Christ and a desire lo go deeper in our walk
with God.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Mrs D M Lucas (resigned 29 March 2023)
Mrs J M Swain
Mr J L Hodgson (resigned 17 July 2023)
Mr J H Smith
Ms A G Spence
Mr M J Cockerill
Mr J A Smith (appointed 28 June 2023)
Mrs S M Hinton (appointed 18 October 2023)
Truslees..
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. 11 was registered as a charity on 5 March 2010.
The principal object of the charity is to the advancement of the Christl8n faith according to
the principles of the Baptist denomination to include Ihe advan￿ment 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 Iruslees, 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 furtheran￿ 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 meelings by appropriate
majorities, the church seeks to work by consensus wherever possible.
Page 4

New Life Baptist Church Northallerton
Trustees, Report
Financial instruments
Objectives and policles
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 Iruslees, which provide written principles on the use of financial
derivatives to manage these risks. The charity does not use derivative financial inslruments
for speculalive purposes.
The annual report was approved by the trustees of the charity on 25 Seplember 2024 and
signed on its behalf by..
Mrs J M Swain
Trustee
Page 5

New Life Baptist Church Northa51erton
Statement of Trustees. Responsibilities
The Iruslees (who are also the direclors of New Life Baptisl Church Northallerton for the
purposes of company law) are responsible for preparing the trustees, report and the financial
slatemenls in accordance with the United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice) and applicable law and regulations.
Company law requires the trustees lo prepare financial slatements for each financial year.
Under company law the trustees musl not approve Ihe financial statements unless they are
satisfied thal they give a true and fair view of the stale of affairs of the charilable company
and of its incoming resources and application of resources, including ils income and
expenditure, for that period. In preparing these financial statements, the trustees are
required to..
select suitable accounting policies and apply them consislently-,
observe the melhods 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 accounling records Ihat 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 25 September 2024 and signed on its behalf by..
J M Swain
Trustee
Page 6

New Life Baptist Church Northallerton
Independent Examiner's Report to the trustees of New Life Baptist Church
Northallerton ("the Company")
I report to Ihe charity trustees on my examination of the accounts of the Company for the
year ended 31 December 2023.
Responsibllities and basis of report
As the charity's Iruslees 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 Acl'l.
Having satisfied myself that the accounts of New Life Baptist Church Northallerton are not
required lo be audited under Part 16 of the 2006 Act and are eligible for independent
examination, I report in respect of my examinalion 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 Ihe
2011 Act.
Page 7

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 musl be a member
of a body listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake the
examination because l am a member of , which is one of Ihe listed bodies.
I have completed my examinalion. I confirm that no matters have come lo my attention in
connection with the examination giving me cause lo believe..
accounting records were nol 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. Ihe accounts have not been prepared in accordance with the methods and principles of
the Statement of Recommended Praclice for accounting and reporting by charities
lapplicable to charilies preparing their accounls 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 matlers in connection with the
examination lo which attention should be drawn in this report in order to enable a proper
understanding of the accounts to be reached.
ilhson CPFA
3 Orchard Court
Northallerton
North Yorkshire
DL7 8DQ
25 September 2024
Page 8

New Life Baptist Church Northallerton
Statement of Financial Activities for the Year Ended 31 December 2023
{Including Income and Expenditure Account and Statement of Total
Recognised Gains and Losses)
2023.. Current period
Total
2023
Unrestricted Restricted
Note
Income and Endowments from:
Donations and legacies
Investment income
other income
276,248
1,280
192
48,909
325,157
1,280
192
22
Total Income
277,720
48,909
326,629
Expenditure on..
Charitable activities
other expendilure
Total Expenditure
Net incomel(expenditure}
Net movement in funds
{245,234)
(7,872
(253,106
24,614
(47,542)
(13,548
61,090
(292,776)
(21,420
314,196
(12,181
12,433
24,614
{12,181)
12,433
Reconciliation of funds
Total funds brought foward
Total funds carried forward
318,870
343,484
134,654
122,473
453,524
465,957
17
The noles on pages 13 to 27 form an integral part of these financial slalements.
Page 9

New Life Baptist Church Northallerton
Statement of Financial Activities for the Year Ended 31 December 2023
(Including Income and Expenditure Account and Statement of Total
Recognised Gains and Losses)
2022: Comparative period
Unrestricted Restricted
funds
funds
Total
2022
Note
Income and Endowments from..
Donations and legacies
Investment income
Other income
259,042
126
311
53,772
312,814
126
311
22
Total income
259,479
53,772
313,251
Expenditure on:
Charitable activities
Other expenditure
Tolal expenditure
Net incomel{expendilure)
Net movement in funds
(209,0811
3,942)
{63,287)
(5,478
(68,765)
14,993
{272,368)
9,420>
(281,788)
31,463
(213,023
46,456
46,456
(14,993)
31,463
Reconciliation of funds
Total funds brought fO￿ard
Total funds carried fO￿ard
272,414
318,870
149,647
134,654
422,061
453,524
17
All of the charity's activities derive from conlinuing operations during the above two periods.
The funds breakdown for 2022 is shown in note 17.
The notes on pages 13 to 27 form an integral part of these financial statements.
Page 10

New Life Baptist Church Northallerton
(Registration number: 07121504)
Balance Sheet as at 31 December 2023
2023
2022
Note
Fixed assets
Tangible assets
Current assets
Deblors
Cash al bank and in hand
586,411
256,734
12
13
16,989
107,662
13,598
187,479
201,077
124,651
13,952
110,699
Creditors: Amounts falling due within one year
Net current assets
14
4,2871
196,790
Total assets less current liabilities
Creditors: Amounts falling due after more than one
year
697,110
453,524
15
231,153
465,957
Net assets
453,524
Funds of the charity:
Restricted
122,473
134,654
Unrestricted income funds
Unreslricted
343,484
318,870
453,524
Total funds
17
465,957
The notes on pages 13 to 27 form an integral part of these financial statements.
Page11

New Life Baptist Church Northallerton
(Registration number: 071215041
Balance Sheet as at 31 December 2023
For the financial year ending 31 December 2023 the charity was entitled to exemption from
audit under section 477 of the Companies Act 2006 relating to small companies.
Directors, responsibilities:
The members have not required the charity to obtain an audit of ils accounts for the year
in question in accordan￿ with section 476., and
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 9 to 27 were approved by the trustees, and authorised for
issue on 25 Seplember 2024 and signed on Iheir behalf by..
J Cockerill
Trustee
The notes on pages 1310 27 form an integral part of these financial statemenls.
Page 12

New Life Baptist Church Northallerton
Notes to the Financial Statements for the Year Ended 31 December 2023
1 Charity status
The charity is limited by guarantee, incorporated in England and Wales, and consequently
does not have share capilal. 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 ils registered office is:
New Life Baplisl Church
52-54 High Slreel
Northallerton
North Yorkshire
DL7 8EG
These financial slalements were authorised for issue by the trustees on 25 Seplember 2024.
2 Accounting policies
Summary of significant accounting policies and key accounting estlmates
The principal accounting policies applied in the preparation of these financial statements are
set out below. These policies have been consistently applied lo all the years presenled,
unless othe￿ise staled.
statement of compliance
The financial slalements have been prepared in accordance wilh Accounling and Reporiing
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 IFRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 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 olheNise 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.
Exemplion from preparing a cash flow statement
The charity opted lo early adopt Bulletin 1 published on 2 February 2016 and have therefore
not included a cash flow slalement in these financial slatements.
Page 13

New Life Baptist Church Northallerton
Notes to the Financial Statements for the Year Ended 31 December 2023
Income and endowments
All income is recognised once the charity has entitlement lo the income, il is probable that
the income will be received and Ihe amount of the income re￿]Vable can be measured
reliably.
Donations andlegacies
Donations are recognised when Ihe charity has been notified in writing of both the amount
and settlement date. In Ihe 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 Ihe 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 lo the grant
and are yel lo be met, Ihe income is recognised as a liability and included on the balance
sheet as deferred income to be released.
Investment incon7e
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 lo Ihat
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 cosls 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 comprtses 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 cosls 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 14

New Life Baptist Church Northallerton
Notes to the Financial Statements for the Year Ended 31 December 2023
Governance costs
These include the costs attributable lo the charity's compliance with constilulional and
statulory requirements, including independent examination, strategic managemenl and
Iruslees'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 lo revenue
or to assets. Grants relating to revenue are recognised in income over the period in which
the related costs are recognised. Grants relating lo 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 lo pass the lests set out in Paragraph 1 Schedule 6 of the Finance
Act 2010 and therefore il 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 lo charitable purposes.
Tangible fixed assets
Individual fixed assets costing £100 or more are inilially recorded al cost, less any
subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as lo 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
20A straight line
Fixtures and fillings
150k reducing balance
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-lerm
highly liquid investments that are readily convertible lo a known amount of cash and are
subject to an insignificant risk of change in value.
Page 15

New Life Baptist Church Northallerton
Notes to the Financial Statements for the Year Ended 31 December 2023
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 nol been
designated for other purposes.
Designated funds comprise unrestricted funds that have been sel 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 Ihose donated for use in a particular area or for specific
purposes, the use of which is restricted to thal 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 sel out in the notes to the financial statements.
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 seNice in the current and prior
periods.
Conlributions 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 arrangemenls enlered into. An equity instrument is any contract that evidences a
residual interest in the assets of the charity after deducting all of its liabilities.
Page 16

New Life Baptist Church Northallerton
Notes to the Financial Statements for the Year Ended 31 December 2023
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including
Iransaclion 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 Iransaclion price
excluding transaction costs), unless the arrangement constitutes a financing transaction. If
an arrangement constilules a financing Iransaclion, the financial asset or financial liability is
measured al 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 sel off the recognised amounts and the
charity intends either to settle on a net basis, or lo realise the asset and settle the liability
simultaneously.
Financial assets are derecognised when and only when a) the contractual rights lo the cash
flows from the financial asset expire or are settled, bl the charity transfers lo another party
substanlially all of the risks and rewards of ownership of the financial asset, or cl 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 17

New Life Baptist Church Northallerton
Notes to the Financial Statements for the Year Ended 31 December 2023
Debt instruments
Debt instruments which meet the following condilions are subsequently measured at
amortised cost using the effective interest method..
(al The contractual return to the holder is (i) a fixed amount,. (li) a positive fixed rate or a
positive variable rate., or {iiil 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 relurn to Ihe holder {but
not both) to be linked to a single relevant observable index of general price inflation of the
currency in which the debt inslrumenl is denominated, provided such links are not leveraged.
(c) The conlracl may provide for a determinable variation of the return to the holder during
the life of the instrument, provided that li) 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) lo protect the holder against credit delerioralion of the issuer. {3) Changes in levies
applied by a central bank or arising from changes in relevant taxation or law,. or (li) 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 lo the current period or prior periods.
le) Contractual provisions that permit the issuer to prepay a debt instrument or permil the
holder to put il back lo the issuer before malurily are not contingent on future events, other
than lo protect the holder against the credil 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.
{fj Contractual provisions may permit the extension of Ihe term of the debt inslrument,
provided that the return to the holder and any other contractual provisions applicable during
the extended term satisfy the conditions of paragraphs (al 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 inslruments not meeting these
conditions are measured al fair value through profit or loss.
Commitments to make and receive loans which meet the conditions menlioned above are
measured at cost (which may be nil) less impairment.
Page 18

New Life Baptist Church Northallerton
Notes to the Financial Statements for the Year Ended 31 December 2023
3 Income from donations and legacies
Unrestricted funds
Designated
General
Restricted
funds
Total
funds
Donations and legacies.,
Donalions from individuals
Gift aid reclaimed
Grants, including capital
grants.,
Government grants
Regular giving and capital
donations
5,591
7,191
53,585
42,066
11,960
535
71,136
49,792
3,319
500
3,819
4,164
20,265
159,832
36,414
48,909
53,772
200,410
325,157
Total for 2023
255,983
Total for 2022
20,597
238,445
312,814
4 Other income
Unrestricted
funds
General
Total
funds
Fees and supplies
Total for 2023
192
192
192
192
Total for 2022
311
311
Page 19

New Life Baptist Church Northallerton
Notes to the Financial Statements for the Year Ended 31 December 2023
5 Other expenditure
Unrestricted funds
Designated
General
Restricted
funds
Total
funds
Note
Depreciation,
amortisalion and other
similar cosls
512
7,360
7,360
13,548
13,548
21,420
21,420
Total for 2023
512
Total for 2022
73
3,869
5,478
9,420
6 Analysis of governance and support costs
Governance costs
Unrestricted
funds
General
Total
funds
Independent examiner fees
Examination of the financial statements
Allocated support costs
Total for 2023
500
7,833
8,333
500
7,833
8,333
7,525
Total for 2022
7,525
Page 20

New Life Baptist Church Northallerton
Notes to the Financial Statements for the Year Ended 31 December 2023
7 Expenditure on charitable activities
Unrestricted funds
Designated
General
Restricted
funds
Total
funds
Note
Staff cosls
Allocated support
costs
Governance
costs
5,359
117,794
123,153
20,214
93,534
47,542
161,290
8,333
219,661
8,333
292,776
272,368
Total for 2023
25,573
27,437
47,542
Total for 2022
181,644
63,287
8 Trustees remuneration and expenses
During the year the charily made the following Iransaclions with Iruslees..
Mr M J Cockerill
Mr M J Cockerill received remuneration of £27,825 (2022.. £10.828) and £7,943 (2022.. £731>
of expenses were reimbursed to Mr M J Cockerill during the year.
The trustee was reimbursed for travelling expenditure relating lo mileage and other sundry
expenditure.
The trustee received pension contributions during the year of £2,504 from the charity (2022..
£9751.
The tfuslee was remunerated in consideration for their duties as Senior Pastor of the New
Life Baptist Church Northallerton.
At the balance sheet date the amount due from Mr M J Cockerill was £Nil (2022-. £278).
Mrs J M Swain
£Nil {2022'. £352) of expenses were reimbursed to Mrs J M Swain during Ihe year.
The trustee received no pension contributions during the year from the charity.
9 Independent examlner's remuneration
2023
2022
Examination of the financial stalements
500
400
Page 21

New Life Baptist Church Northallerton
Notes to the Financial Statements for the Year Ended 31 December 2023
10Taxation
The charity is a registered charity and is therefore exempt from laxalion.
11 Tangible fixed assets
Furniture
and
equipment
Land and
buildings
Total
Cost
At 1 January 2023
Additions
Disposals
At 31 December 2023
438,250
349,063
1227
787.086
102,981
541,231
2,435
351,498
(26,2971 (26,524)
79,119
866,205
Depreciation
At 1 January 2023
Charge for Ihe year
Eliminated on disposals
At 31 December 2023
190,813
17,647
(113
208,347
93,638
2,332
24,523)
284,451
19,979
24,636
71,447
279,794
Net book value
At 31 December 2023
578,739
7,672
9,343
586,411
At 31 December 2022
247,437
256,780
Included in Land and Buildings is £50,000 relating to land which is not depreciated.
12 Debtors
2023
2022
Prepayments
Other debtors
1,460
15,529
16,989
2,347
11,251
13,598
Page 22

New Life Baptist Church Northallerton
Notes to the Financial Statements for the Year Ended 31 December 2023
13Cash and cash equivalents
2023
2022
Cash on hand
Cash 81 bank
83
107,579
107,662
83
187,396
187,479
14Creditors: amounts falling due within one year
2023
2022
Bank loans
Other taxation and social security
Other creditors
Accruals
8,533
(1,314)
1,841
3,760
4,287
5,419
13,952
15 Creditors: amounts falling due after one year
2023
Bank loans
231,153
16 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
£4,126 {2022- £2,392).
Page 23

New Life Baptist Church Northallerton
Notes to the Financial Statements for the Year Ended 31 December 2023
17 Funds
Balance at
31
December
2023
Balance at 1
January
2023
Incoming
resources
Resources
expended
Unrestricted
General
288,554
30,316
257,390
{227,021)
26,085
318,923
Designaled
Total unrestricted
20,330
24,561
318,870
277,720
48,909
1253,106)
(61,090)
343,484
122,473
Restricted
134,654
Total funds
453,524
326,629
(314,196)
465,957
Balance at
31
December
2022
Balance at 1
January
2022
Incoming
resources
Resources
expended
Unrestricted
General
235,187
238,879
20,600
(185,513)
{27,510)
{213,023)
68,765
288,553
30,317
Designated
Total unrestricted
37,227
272,414
149,647
259,479
53,772
318,870
134,654
Restricted
Totsl funds
422,061
313,251
281,788)
453,524
Page 24

New Life Baptist Church Northallerton
Notes to the Financial Statements for the Year Ended 31 December 2023
18Analysis of net assets between funds
2023
Unrestricted
General
Designated
Restricted
Total funds
Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
470,192
96,761
(13,9521
231,153)
321,848
1,026
16,003
115,193
11,887
586,411
124,651
(13,952)
231,153)
465,957
Total net assets
17,029
127,080
2022
Unrestricted
General
Designated
Restricted Total funds
Tangible fixed assels
Current assets
Current liabilities
126,454
175,662
(3,287)
298,829
1,538
16,846
(1,000
17,384
128,742
8,569
256,734
201,077
4,287
453,524
Total net assets
137,311
Page 25

New Life Baptist Church Northallerton
Notes to the Financial Statements for the Year Ended 31 December 2023
q9 Analysis of net funds
At1
January
2023
At31
December
2023
Financing
cash flows
Cash at bank and in hand
187,479
187,479
At1
January
2022
79,817
107,662
Net debt
{79,817)
107,662
At31
December
2022
Financing
cash flows
Cash at bank and in hand
146,906
146,906
40,573
40,573
187,479
187,479
Net debt
Page 26

New Life Baptist Church Northallerton
Notes to the Financial Statements for the Year Ended 31 December 2023
20 Staff costs
The aggregate payroll costs were as follows..
2023
2022
Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs
other staff costs
114,948
3,869
4,126
210
117,661
1,776
2,392
94
123,153
121,923
The monthly average number of persons (including senior management I leadership leaml
employed by the charity during the year expressed as full time equivalents was as follows..
2023
2022
No
Directors
Other salaried staff
10
21 Net incomingloutgoing resources
Nel incoming resources for Ihe year include..
2023
2022
Profitl{loss) on disposal of fixed assets held for the charity's
own use
Depreciation of fixed assets
11,487)
{19,933
9,420
22 Investment income
Unrestricted funds
Designated
General
Total
funds
Interest receivable and similar income.
Interest receivable on bank deposits
65
1,215
1,280
1,280
Total for 2023
65
1,215
123
Total for 2022
126
Page 27