2023-03-31-accounts - Newday Ministries Christian Centre

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Registered number 1135233

NewDay Ministries Christian Centre

Report and Financial Statements

31 March 2023

NewDay Ministries Christian Centre Report and accounts Contents

	Page
Charity Information	1
Trustees' Report	2
Independent Examiner's Report	6
Statement of Financial Activities	7
Statement of Financial Position	8
Statement of Changes in Charitable Funds	9
Statement of Cash Flows	10
Notes to the Financial Statements	11
Detailed Statement of Financial Activities	16
Detailed Income and Expenditure Account	17

NewDay Ministries Christian Centre Charity Information

Trustees

Pastor Simon Wallace Lady Brenda Wallace Paulette Rowe Sheila Belgrave (appointed May 2021)

Independent examiners

Jacksons Chartered Accountants First Floor, Albion House Albion Street Hull HU1 3TE

Bankers

Barclays Bank UK plc 1 Churchill Place London E14 5HP

Registered office

74 Westrow Drive Barking Greater London IG11 9BN

Registered number

1135233

Governing document

Declaration of Trust dated 18 March 2010

NewDay Ministries Christian Centre Registered charity number: 1135233 Trustees' Report for the year ended 31 March 2023

The trustees present their report and financial statements for the year ended 31 March 2023.

Principal activities

The Charity's principal activity during the year continued to be to promote the Christian religion and to provide a place of worship at Churchill Room, Wanstead Library, London, E11 2QR.

Objectives and activities

The principal objectives/activities of the Charity are to:

provide religious and charitable services to church members; and
to undertake other charitable endeavours as determined by the trustees.

Our work usually includes:

providing regular public worship that is open to all;
providing a sacred space for personal prayer and contemplation;
conducting pastoral work including visiting the sick and the bereaved;
teaching Christianity through sermons, courses and small groups;
providing a youth club with a Christian ethos; and
promoting the whole mission of the church through activities for senior citizens, parents and toddlers and other special needs groups.

Public benefit

We have referred to the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set. We exist to serve young people in our community without discrimination. We strive to promote social welfare through the provision of facilities aimed at improving the social and physical wellbeing of those in our local community.

In a normal year we would hold a number of positive community events with the aim of broadening our contacts with the local community.

Where possible, we serve the community in the areas of homelessness and annual food programmes. Volunteers from the Church work with Crisis at Christmas and also support feeding those that are hungry and in need at of shelter via the Local Authority feeding programmes.

The Charity provides a safe working environment for visitors, members, workers and volunteers and any serious incidents are reported in accordance with our safeguarding policy. There were no incidents during the year ended 31 March 2023.

Activities during the year

The Charity has recognised the impact of the COVID-19 pandemic and, subsequently, the cost-ofliving crisis on families within our community. As a result, we have made special efforts to support families by putting on events such as separate men and women’s breakfast seminars, family fun days and health seminars led by a wide range of health care professionals.

NewDay Ministries Christian Centre Registered charity number: 1135233 Trustees' Report for the year ended 31 March 2023

Financial review

Principal sources of funding

The largest contribution to the Charity is from voluntary general offerings given by those attending as well as from gift donations and the associated tax claims.

Financial review

The Charity achieved a surplus of £99,321 for the financial year. At 31 March 2023, the Charity held total funds of £455,665; £428,578 of which was cash at the bank and in hand. (The rest is the value of fixed assets, £5,088 less creditors of £1,245.) This, in all, is considered to be an appropriate level of funds to enable the Charity to pursue its objectives.

Reserves policy

The trustees have a forecast of the level of free reserves, (that is, those funds not tied up in fixed assets) that the Charity will require to sustain its day-to-day obligations. Whilst our actual free reserves may prove sufficient, it is the trustees’ view that it is prudent to maintain sufficient free reserves to allow for financial flexibility in light of the Charity’s dependence on donations.

Investment policy

The trustees have adopted a strong socially responsible investment policy for the reserves of the Charity. This policy, in tandem with the need to fulfil our statutory obligations, has the objective of investing in such a way that the principles of socially responsible investment are promoted. A further factor is the need to have ready access to our reserves, as long-term funding cannot be guaranteed, so for the current period, we have placed surplus funds in a current account.

Risk management

The trustees actively review, on a regular basis, the major risks that the Charity faces in maintaining reserves at the levels stated above, in addition to an annual review of the controls over key financial systems carried out through an internal audit process.

The Charity's principal risk has been its dependence on voluntary income. The trustees have also examined other operational and business risks which we face and confirm that they have taken steps to mitigate the significant risks.

Structure, governance and management

Governing document

The NewDay Ministries Christian Centre (NewDay) is an unincorporated charitable organisation formed on 18 March 2010 and registered as a charity on 25 March 2010. The charity is governed by a Declaration of Trust dated 18 March 2010 which is supplemented by a Book of Discipline

Organisational structure

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

Volunteers

The Charity uses trained and experienced volunteers that support its activities in the area of Children education i.e. the Sunday School. Their contribution has helped the Charity to meet its aim in teaching and mentoring our children and young people.

NewDay Ministries Christian Centre Registered charity number: 1135233 Trustees' Report for the year ended 31 March 2023

We also use volunteers in the area of welfare advice. Making significant and relevant impact in the provision of housing homelessness and social welfare advice.

There were 10 volunteers throughout the year who aided in the running of the Charity.

Recruitment and appointment of trustees

There must be at least three trustees. Apart from the first trustees, new trustees must be appointed by a resolution of a special meeting of the trustees duly called under the provisions of the Trust Deed.

The existing trustees seek to ensure that the needs of the charity are appropriately reflected through the diversity of the trustee body. To enhance the potential pool of trustees, the charity has, through selective advertising and networking with voluntary organizations active in the sector, sought to identify those who would be willing to become members of the charity and use their own experience to assist the charity.

There were no new or additional trustees recruited in the year to 31 March 2023.

Trustee induction and training

Many trustees are already familiar with the practical work of the charity being active members of the church themselves and from being involved in other churches and organisations.

New trustees are encouraged to familiarise themselves with charity law, their responsibilities as trustees and with Charity's rules and practices.

Trustees

The following persons served as trustees during the year:

Pastor Simon Wallace Lady Brenda Wallace Paulette Rowe Sheila Belgrave (appointed May 2021)

Trustees' responsibilities

The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the Charity and enable them to ascertain to ensure that the accounts comply with the Charities Act 2011 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the Charity and financial information included on the Charity’s website as well as:

a) to prepare financial statements which show a true and fair view;

b) in preparing financial statements:

(i) to select suitable accounting policies and apply them on a consistent basis; and
(ii) to make judgements and estimates that are prudent and reasonable; as well as

NewDay Ministries Christian Centre Registered charity number: 1135233 Trustees' Report for the year ended 31 March 2023

c) to keep proper accounting records.

Disclosure of information to independent examiners

Each person who was a trustee at the time this report was approved confirms that:

so far as he is aware, there is no relevant audit information of which the charity's independent examiner is unaware; and
he has taken all the steps that he ought to have taken as a trustee in order to make himself aware of any relevant audit information and to establish that the charity's independent examiner is aware of that information.

This report was approved by the board on 24 July 2023 and signed on its behalf.

Pastor Simon Wallace Trustee

N0Y Mini$trl•s Chrlstian Cèntre Reglstered Charity nUrnr: 1135233 Trusteos. Report for the y•ar endod 31 IAarch 2023 I to keep proper acoyjntiry reCth. Dh¢1Ur• of Inforn)•tlon to Ind•p•nd•rrt •xamln•rn Each person vkno was a trus¢ee al the time this report VA$ confirn)s that.. • 80 far as he is aware. there rs no relovant au(l infom)ats"on of vthich the chanty'8 independent examiner is unaware., and he has tsken all the slep5 that wght to have tak 85 a truthe in order lo make himseff aware ol any relevant audit infomiatton and to eslablish that the charl$ independent examiner is aware of that informat. This reFrfXt was approved by the boarrl on 24 Juty 2023 aTrJ signed on its béhf. Pa81or Simon Wall Trustee

NewDay Ministries Christian Centre Independent Examiner's Report to the members of NewDay Ministries Christian Centre

I report to the trustees on my examination of the accounts of the above charity ('the Charity') for the year ended 31 March 2023 which are set out in pages 1 to 17.

Responsibilities and basis of report

As the Charity’s trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

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

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mark Jackson (Senior Statutory Auditor)

for and on behalf of Jacksons Chartered Accountants First Floor, Albion House Albion Street Hull HU1 3TE

24 July 2023

NewDay Ministries Christian Centre Statement of Financial Activities for the year ended 31 March 2023

Notes Income from charitable activities 2 Expenditure on charitable activities Net operating income Administrative expenses Operating surplus 3 Interest receivable Movement in funds: Net income/(expenditure) Reconciliation of funds Net movement in funds Total funds brought forward Total funds carried forward	2023 £ 153,680 (3,090) 150,590 (51,269) 99,321 - 99,321 99,321 356,344 455,665	2022 £ 116,495 (3,800) 112,695 (44,584) 68,111 169 68,280 68,280 288,064 356,344

NewDay Ministries Christian Centre Statement of Financial Position as at 31 March 2023

Notes Fixed assets Tangible assets 5 Current assets Debtors 6 Cash on deposit Cash at bank Creditors: amounts falling due within one year 7 Net current assets Net assets Capital and reserves Unrestricted funds 8 Total equity	2023 2022 £ £ 5,088 6,470 23,244 17,206 203,075 - 225,503 333,750 451,822 350,956 (1,245) (1,082) 450,577 349,874 455,665 356,344 455,665 356,344 455,665 356,344

Pastor Simon Wallace Trustee Approved by the board on 24 July 2023

NewDay Minlstries Christian Centr• Statomont of Financial Position as at 31 March 2023 2023 2022 Fix•d assets Tangible assets 6.470 Curr•nt assots Debtors Cash on deposit Cash at bank 23.244 203.075 225,503 451,822 17,2C 333,750 350,956 Cr•dltor•: *nourrt8 tslllng du• wlthln on• y••r (1,245) 11.082) N•t Gurr•nt au•t• 450,577 349,874 C¥pltal and r•wrv Unrestr'cted funds 455,e85 3S6.344 Total •qulty 455.86S 356,344 Pastor Slmon W1• Tnbstee Apwoved by the board 24 JLIY 2023

NewDay Ministries Christian Centre Statement of Changes in Charitable Funds for the year ended 31 March 2023

This schedule does not form part of the statutory accounts

At 1 April 2021 Surplus for the financial year At 31 March 2022 At 1 April 2022 Surplus for the financial year At 31 March 2023	Income and Expenditure account £ 288,064 68,280 356,344 356,344 99,321 455,665	Total £ 288,064 68,280 356,344 356,344 99,321 455,665

NewDay Ministries Christian Centre Statement of Cash Flows for the year ended 31 March 2023

Notes Operating activities Profit for the financial year Adjustments for: Interest receivable Depreciation Increase in debtors Increase in creditors Interest received Cash generated by operating activities Net cash generated Cash generated by operating activities Net cash generated Cash and cash equivalents at 1 April Cash and cash equivalents at 31 March Cash and cash equivalents comprise: Cash at bank	2023 £ 99,321 - 1,382 (6,038) 163 94,828 - 94,828 94,828 94,828 333,750 428,578 428,578	2022 £ 68,280 (169) 1,894 (380) 600 70,225 (169) 70,056 70,056 70,056 263,694 333,750 333,750

NewDay Ministries Christian Centre Notes to the Financial Statements for the year ended 31 March 2023

1 Summary of significant accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice (SORP): Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

Income

All income is recognised in the Statement of Financial Activities once the Charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Plant and machinery at a rate of 10% on the net book value

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Taxation

The charity is exempt from taxation under sections 521 to 536 of the Income Tax Act 2007 (ITA 2007).

Fund accounting: restricted and unrestricted funds

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

NewDay Ministries Christian Centre Notes to the Financial Statements for the year ended 31 March 2023

Going concern

The accounts have been prepared on the going concern basis, which implies that the Trustees believe the Charity will be in operational existence twelve months from the date of approval of these accounts.

There are no material uncertainties.

Provisions

Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated

Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

Government grants

The accrual model (FRS 102 24.5C-G) was applied in producing these accounts; therefore grants were recognised as either relating to revenue (over the period in which the Charity recognises the related costs for which the grant was intended to compensate) or relating to assets (over the expected useful life of the asset).

2 Analysis of income from charitable activities Tithes and offerings Gifts, donations and pledges Gift aid Other contributions By geographical market: UK 3 Operating surplus This is stated after charging: Depreciation of owned fixed assets 4 Staff costs Wages and salaries Other pension costs	2023 £ 32,274 92,977 23,880 4,549 153,680 153,680 2023 £ 1,382 2023 £ 26,558 1,458 28,016	2022 £ 14,555 68,823 28,068 5,049 116,495 116,495 2022 £ 1,894 2022 £ 26,500 1,458 27,958

NewDay Ministries Christian Centre Notes to the Financial Statements for the year ended 31 March 2023

Average number of employees during the year Pastoral services 5 Tangible fixed assets Plant and machinery At cost £ Cost or valuation At 1 April 2022 11,608 At 31 March 2023 11,608 Depreciation At 1 April 2022 6,804 Charge for the year 965 At 31 March 2023 7,769 Carrying amount At 31 March 2023 3,839 At 31 March 2022 4,804 6 Debtors Prepayments and accrued income 7 Creditors: amounts falling due within one year Trade creditors 8 Funds At 1 April Net income for the financial year At 31 March	Number 1 Motor vehicles At cost £ 3,950 3,950 2,284 417 2,701 1,249 1,666 2023 £ 23,244 2023 £ 1,245 2023 £ 356,344 99,321 455,665	Number 1 Total £ 15,558 15,558 9,088 1,382 10,470 5,088 6,470 2022 £ 17,206 2022 £ 1,082 2022 £ 288,064 68,280 356,344

Unrestricted funds are available for use at the discretion of the trustees, in order to further the charity's objectives.

NewDay Ministries Christian Centre Notes to the Financial Statements for the year ended 31 March 2023

9 Analysis of net assets between funds

Fixed assets Current assets Current liabilities	Unrestricted funds 5,088 451,822 (1,245) 455,665	Restricted funds - - - -	2023 £ 5,088 451,822 (1,245) 455,665	2022 £ 6,470 350,956 (1,082) 356,344

10 Related party transactions

The following payments were made to trustees during the financial year.

£

Pastor Simon Wallace

Trustee 26,558 Wages and salaries for Pastoral services

The following goods and services were donated by trustees during the financial year and are included in 'Other contributions':

Pastor Simon Wallace Trustee Pastor Simon Wallace Trustee Pastor Simon Wallace Trustee Pastor Simon Wallace Trustee	£ 3,000 Church: Worship 338 Light and heat 211 Rates 1,000 Rent 4,549

No other trustees claimed expenses or had their expenses met by the Charity.

11 Presentation currency

The financial statements are presented in Sterling, rounded to the nearest pound (£).

12 Legal form of entity and country of incorporation

NewDay Ministries Christian Centre is an unincorporated charity and registered with the Charity Commission for England and Wales.

13 Principal place of business

The address of the charity's registered office is:

74 Westrow Drive Barking Greater London IG11 9BN

NewDay Ministries Christian Centre Notes to the Financial Statements for the year ended 31 March 2023

The address of the charity's principal place of business is:

Churchill Room Wanstead Library London E11 2QR

NewDay Ministries Christian Centre Detailed Statement of Financial Activities

also Income and Expenditure Account

for the year ended 31 March 2023

Notes Income from charitable activities Tithes and offerings Gifts, donations and pledges Gift aid Other contributions 10 Expenditure on charitable activities Church: Worship Gifts and donations Net operating income Support costs Governance costs Operating surplus Interest receivable Movement in funds: Surplus	2023 £ 32,274 92,977 23,880 4,549 153,680 (3,000) (90) (3,090) 150,590 (50,004) (1,265) 99,321 - 99,321	2022 £ 14,555 68,823 28,068 5,049 116,495 (3,000) (800) (3,800) 112,695 (42,201) (2,383) 68,111 169 68,280

NewDay Ministries Christian Centre Detailed Income and Expenditure Account for the year ended 31 March 2023

Income from charitable activities Tithes and offerings Gifts, donations and pledges Gift aid Other contributions Expenditure on charitable activities Church: Worship Gifts and donations Administrative expenses Support costs Employee costs: Wages and salaries Pensions Staff training and welfare Travel and subsistence Motor expenses Premises costs: Rent Rates Light and heat General administrative expenses: Telephone and internet Stationery and printing Bank charges Repairs and maintenance Depreciation Sundry expenses Support costs Governance costs Legal and professional costs: Independent examination fees Accountancy fees Advertising and PR Other legal and professional fees Governance costs Administrative expenses	2023 £ 32,274 92,977 23,880 4,549 153,680 3,000 90 3,090 26,558 1,458 - 829 4,603 33,448 10,452 211 338 11,001 741 413 40 2,831 1,381 149 5,555 50,004 770 495 - - 1,265 51,269	2022 £ 14,555 68,823 28,068 5,049 116,495 3,000 800 3,800 26,500 1,458 90 338 2,825 31,211 6,569 211 337 7,117 885 455 - 143 1,894 496 3,873 42,201 615 475 107 1,186 2,383 44,584