Clwrlty r•gl•tr*tlw nUMr 1138263 NEW LIFE CHURCH WORTHING ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Caladine Chartwd Certified Accountonts
NEW LIFE CHURCH WORTHING LEGAL AND ADMINISTRATIVE INFORMATION IApr•intsd 1 F•trfupry 2024) MrPMkn4 MIGJGoai Mr P Hamnl Ch•rlty nwnber 1138283 Prlndp•l •ddrM• BN132RR R•ql•t•r•d offlc• BN132RR C•ladino Llrnlt•J Cawnty 8N21 18F Bank•r• 2S Klrrf> HIIA¥•r#J• lfjnqs Hll W•8t Malr4 ME194Ja
NEW LIFE CHURCH WORTHING CONTENTS 8-19
NEW LIFE CHURCH WORTHING TRUSTEES. REPORT IINCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 lknan¢ial ststements and ccnply vAth the cch'S Merncrn Arbc4es of Askn. the can19$ Act 21N)6 and 'A1n1j RewJng by Charlues.. Stalement of Rec4yw¢Jed Prth aOicabl& to ¢hartUes preparfng thetr accounts in afxordance the RnarKlal R•Fthr4J Stwth k4L4o kn the UK and Repu10 of IreL8nd IFRS 1021 leffedp48 1 January 2019r. Obl•rtl¥M •nd •ctlvhl of Ihg worfd 45 th• Trustg¢s rnay from lo Ihink frt and to suth 0lh¢r wrFQ9¢5 whlth gxdulvdy tharltabkn ac¢xwdtr to law ol ENJIWMJ and Wakns aThJ are cwn&aed vAh tho tharifth work of the Chodty. Chufch ahwkl undortake. m•at In comnwnity 8t1oqp. (xmlnu•s •nd is ¥ltsl to Il cllh• LN• GroupB as a rnn5 offalowshlp and 8UPF¥Yt ar• •8s•nlal tr (Jr Churth and to mwt on a WUL basls. ThL8 tak•$ feim of p•ey• kn thtyr tthw8. as wdl as Wtsl vlslts. and Whilst $uppyi ow wnmunths w? alw have o n4$9iwry uThlgrtthry Suppxt th? (xjmmunty. Thls system. has In Pl for rw4ry ye8rg 8j lo h pgrt dowofferirvd. unable to buikj our new thurth, rt 15 Crtjr interdix lo rjo so ug Iwve • PWTiialI me th we can store the ladllues and enhanc• ts ITAhloS pmi(wsty As PBrt of our onnuol fijnthn repwts ore prgpgr¥d fry MdwidU athl¥¥¥ that ¥Jllh lh8 Charity. Wl rgwvg Ihg RoFQrts n respectcl41 the Charity dory. Flnand•l r•¥l•w The overall re5uN5 for th• Unrestric frjnds aft8r tran518ts of £45,606 {2022.. SU1$ of £42.1451 and a on rg8trKXed furth cl £41251 R021 ¥wU$ of £40.7721 Unrestricw fuJ5 wied Iward £2.116,125 (2022.. £2,070.5191. R•urm pollcy tt Is the polty of Ihe Chuf¢h that free rtseThes Shk1 be m&ntained at a lèvel fvalent to beh¥een Ihree and of a signthc2nt drop in fijnding, they wil be able to mIlnUe Ihe Chwth's rrent acTh whle 1n818T80n is given to ways in whtch addital fvnds may be rnised. Thi8 ol reseryes has been malntained throvthrm the year.
NEW LIFE CHURCH WORTHING TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The Church is a Company limrted by guarante•. 07(¥). 3 S•pt•7)b 10. It Is 4150 0 r•s4st•r•J thartty, Nmbw 1138263. Thè Trustees, whj 8te aL80 tho ¢Jr8ctyB ts th8 wrFrf>¥e of ¢xry•ry l•w. w¥J t4ry1 duthJ lh• yw ?j up S M Carter MrPMArth MrGJG¢al Mr P H8mrtsxd 1 Fuwy 20241 Trustees apFdntments arè ro¢ornm8Th4ad by the 8oard of Trustaes aThJ ar• aFvo¥ed by membgrshlp of th• Churc at Speud Church MoelkvJs. appc4ntsd Trusteos wo¥hJod tAth Inducdon and tralnkng A8 conshlafed n•c•sswy for th• rd• Ihgy are und•rtakJTrJ. of t Trust3 has any b¢nefthi Int•r8St In th• rxnpany. Al of the Trust8 •r• mernt of Ihe company ar•J guar¥rt to ctsilw>uto £1 In th• ovont ol InthrvJ up. A8 Part of tho prDCgB8 tho Tnto8B hab Idenvfi thg rfgk# to ¥thit th• Churth Th•T Mr P M AYch•r Truste&
NEW LIFE CHURCH WORTHING STATEMENT OF TRUSTEES. RESPONSIBILrriES FOR THE YEAR ENDED 31 DECEMBER 2023 United lfjngaom Acoxntir9 Standwd$ (Vnital n10M GewallyAwtod A£cwnting PracUc•l. folr vlaw of the stafg of affalrs rA Iho Chwth ar¥1 of th• InU)M •r•J ol r•styJrr. Ir4udlNJ the InccTh aThJ 8XdIbJr8, oftho charltabl• Liyrwny for Ihat y. . 8t8to whelher apkat40 UK AC(jnI1rQ SlaThlarf8 b• fok1. to •ny matwl•l thsdosed and eXpned In tho statnts. and ony ttm? the finandal pc4thn d the •bI• Ih•m ts) wr Ihat 8tst•mont8 e4mply wlth the Cornpanieg Act 2006. TW ar• r•¥¥J)slbl• lor saf•3u•rdlrrfJ tho ws•18 of IM Crth •fvJ h•r*• br lthrw r•a8onable sleps for tho pmankn vtt1 d•t•ckn olfroud olhw wr8wlariti•S.
NEW LIFE CHURCH WORTHING INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW UFE CHURCH WORTHING Iha ygar end&1 31 Dember 20rJ. R••ponslbllMo$ •nd bas1# olr•wrt As thg Trust805 of the chu larbj tt8 th• pwpr4•• (rf yvu aro for th H•n0 38llslled myJ8W that Iho ffnandal slat8rn ol thg Churth arn not wulr•Y to undw Pat 16 of th8 2C4)6 Ael and arg el1g1• for Irtyndont 8x8rnlnolion. I r•F<At in r•specl of nty •YAminall)n of thè Church's flnanwl stAtor out seckn 145 of ts Chari118s A( 2011 Ith• 2011 Adl. In e4rrylty ¢yJt my minotion I ha 011 th8 awkablg Dlrec1kn8 by the Charlty und•r 145ISMbl 011 2011 Al Ind•p•nd•nt •xmln•rf• •l•t•m•nt I havo eornpbtod my •x•ninatlcffj. l tr1 Th) mgtys how C4Th to my •ileth kn ityn•(kn lth t •xamthakn gmng mè ca& to that In re¥p¢rt than requirwnenl that th8 a truo lalr vJ•AT vhth 18 a mthr W1•r•d as pwt an kndep•ThJ8llt oxamlnatron.. thè finandal statèmgnts hov• nc4 weFw•J h) •¢tsy tAllh tr prpIeS 01 th• StstanI of AeecffjndOd PraeOc¢ tr aCcntil4 r•wYrpJ by cartUes appkable to prepartNJ Ih8lr occounts h) oydanc• th• FinrKa•l R•pJrVTra Slan(18rd In th• UK arKI Rwtthof IFRS 11)2). Colln Dd•w¥ll FCA FCCA DChA Cldln• Ltd Cala<Jine Llmited Chanty Hou8e 22 Upperton RoJ Eastboume East Sussex 8N21 18F 1810412024
NEW LIFE CHURCH WORTHING STATEMENT OF FINANCIAL ACTIVTfiES INCLUDING INCOME AND EXPENDrfuRE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 fvnd• 2023 fvnd• 2022 fimd• 2022 2023 2022 DOnati¢Y and legad Q)arftat4• athlbg¥ Inv08tThnts 1{,5> 42.482 24.431 4.169 149.C81 24.431 14.975 102.621 23,563 48.341 150,962 23,563 6.079 10.K6 5.423 Tot1 In¢oTh7 135.199 188.487 128.840 53.784 180.604 Exp•ndllur• on: Ch8rftat48 8cOvftl•s 21.398 21.397 97.887 N•t IOrn• 31 87.wl SO0 32,367 82,917 17 110.3591 10.359 18,405) N•t mo¥•m•nt In fvnd• 42251 87.857 4l14S 81917 R•¢ondll•tlon of lund•: Fund bok%K•s al l Jor•Jory 2023 1070.519 463.959 1534,478 2,028,374 423.187 2,451.561 Fund b•lane•• at J1 D•c•mb•r 2023 2.118,125 506,210 1622.33S 2.070.519 463.959 2.534,478 derfve from Conn1n9 tMtses.
NEW LIFE CHURCH WORTHING STATEMENT OF FINANcL posmoN AS AT 31 DECEIA8ER 2023 Flxod Pwty, plant arKI 12 1.958282 1.958.722 Cumint w•t• Trnd• and other rfK•fv•b at bank kn hand 13 379.814 370.854 235.821 879.437 .384) e4)8,675 {18,9191 Curr•nt Il•bllltl•• 15 672.053 587.756 T¢)t*l ••••ts l•M ¢urr•rrt 2.830.335 2.476 14 12,C 18.INJO) 112.0001 N•t 4•ts 2.821335 2.534,478 In¢om• lund• Re8tn"cted luThJ$ 17 .210 Dos@nAigd fvnd•'. Church property other d¢$4gnat•d frJnd• 1.918.282 1.942.282 20.72T 1.986.728 149.397 1.963,1 107,510 2,116,125 2,070.519 2.622.335 2.534.478
NEW LIFE CHURCH WORTHING STATEMENT OF FINANCIAL posmoN (CONTINUED) AS AT 31 DECEPABER 2023 The dlrectors aCknd INr for wllh ts ryilr•mwts of tho Cpan 2(XJ8 small COM18$ rngh•. Thèffi Mr P M Company r•gl•lr•llon numb•r O
NEW LIFE CHURCH WORTHING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEAIBER 2023 N8w Lrf Churth Wrything L8 8 tharilatikn by guwBntO9 #yalj in EnglwKI wwj Wth. Th• 1.1 Aecounllnq conv•ntlon th8 Cornpanig¥ "A¢rn11 WKI Rwxtino by Chwits88: Ststwn8nt of Remm1 Praetit• •pph(xile to tharlll¥J ac£fJnty in adan¢ Ihe Finandal Reportkng StaThJwd applirabkn in UK of Ir•knJ (FRS 1021 lell•X¥Y 1 J8nLWry 20191.. Tho Churth is a Pubk Bonefft Enuty A8 d?frd by FRS 102. Th• Churth lak•n adv90 af tho In th• SORP •pptyvJ FRS 102 Updth 12 Golng ¢on¢•rn has ad¢qu¥te resouw to conunu? In $tan¢S fry ts loras08 fur. Thu$ the Tntst IJ Ch•rftsl>l• lund Unrestricted fiJnd$ arn frx w• •t lh• ol th• of thdr r•rt R•51rfctgd fvnds ar• s41 to spwalk by ¢S)Mrn ry W8ntsYs as to tsy may b• us•d. Th• 1A In¢om• rnIa( kn th)naions lei¥•d urKlgr GrfIAKI Ss at Ihe ofthe doti. the 8mtyJrt is knw. and rnc•ipt i¥ weded. 11 th• arInt is rKI kThThwn. Iho *acy ij troatsd as 8
NEW LIFE CHURCH WORTHING NOTES TO THE FINANCIAL STATEMENTS (ConNUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 Ac¢oub)tlno poll¢l•• {C•nllnu•d) 13 Exp•ndlbJr• Exp8ndttur• by . thiiy w• m•Je up of the totd of direct O)8ts and Fhar8d cc6ts. Inthdlng ¥uw(wt ¢yJsts In¥dvgd kn undwtsklry aclfvlty. DlroLa o)sts attrltMJtsbl& to a slngl ectivity aro albcated ¢Jrecty ¢0 ihat Shw•J cos18 vAth trIjt6 to morn than one acuvlty and all costs rdat•d to IM catwy. 1.6 Prwrty, plant and •qulpm•iit £1.OCKS ar• not Land and Freehold Lqnd and tyjlkjws ar• rv)t as vahJ• 18 c$dOr¥d to b8 greator than th1 1.7 Impalrnwnt of non<urr•nt •M•ts At eath repwbng eTrJ date. the Churth urrylng 8rrwrts of 8J8ets tr) deterrTA twhether there Is any Indie41iM that lkne assets have suffere•J an irnpoimnt loss. 11 any suth indieabon 1.8 Cuh •nd u•h •q¥lv•l•nts Cash and cash equNaK8nts indudg tssh In h. deFwts h¢hJ at c41 vAth ks. Other 8lKrt4orm Iuld Thg Church onty finanaal assets fin8Thxl lat4ilies of a kind th81 quabfy as fin8ndal
NEW LIFE CHURCH WORTHING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢eounllTrJ pollcl• {Corflnu•d) 1.10 Enwloy•• b•n•fits In th• appfitalh)n of the Chu¥th¥ 8cLwilry rp)k4•s. the Tru08 wutrtd fo rnako ludg•mèAts. esumatos and assumpkns at4JUt thg fatyng afflnt of a¥wts aTrJ Us11•$ that arg not readty •ppar•nt fa¢tryB that are CJJMdThl to be r•l•vanL AdJJal rgsutts may lffjm Ihese e8tirn•t•s. egfjmat•s arn r8wantse4J In Ihe %thkh the èsllmata i¥ re$ the rwbion affeds onty that ptrbxls. thJnd• 2023 fi•nd• fvnd• 2022 lundJ 2022 2022 108,3Sg 41482 240 148.841 101.121 48.341 149.482 106.Str3 42.482 I49.7 1821 48.341 150,962 Domllo •nd g1ft• Gft atsj gm Weekty offe*lrKJ• 59,777 29283 $4,28S donallons ).847 1.921 30.847 33.504 1.107 1,107 donations S,051 5.051 6,9S3 18.287 17.299 17289 16287 106.359 42A82 148,841 101.121 48.341 149.4e2 io-
NEW LIFE CHURCH WORTHING NOTES TO THE FINANCIAL STATEMENTS (COPlllNUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 fund• 2023 fvnd• 2022 2218 21.345 Hall WKI 24.431 Totsl fund• 2023 lund• 2023 fvnd• 2022 d• 2422 10.aoB 14.975 6.Q79 11
NEW LIFE CHURCH WORTHING NOTES TO THE FINANCIAL STATEMENTS (COKllNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 2•23 2022 Dlr•et co•ts Depredakn aTrJ inyvrmnt CAP poverty prr4•d sg Venu8 Hlr• 10,2 12.468 5,239 2,803 13.093 JU1189 frf8ndshlp tl Homa mlnhty 2,235 E 11 Evangellsm Chlhjrgn's 297 278 201 193 Imuron uuitt 1,818 40,188 41,080 Grant Ik¥j olacbNld•8 (•w nth n 21.932 Sharn al •upwl and go¥•rn•nc• ¢o•ts {*•• n•1• 8) Suppryt G¢)v•mon 34.242 4,288 32,204 4.363 1CW),830 97,687 A11$ by fund Unrestrfcted fvrKI8 Rethctsd fund5 79,234 21.396 76,2 21.397 11X).830 12-
NEW LIFE CHURCH WORTHING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Grnnts ybI• 2023 2022 12,433 10,726 1.79) Mjsskn genwal Horr• Misslo Wèlfpn fiw SEBA 1,178 371 2.783 21.932 2023 1022 AdmknL4trglbon s•lwl•• Affili8Jons 28.450 2S,789 Offlca coJl8 Sundry na•S 2.070 105 36.567 Charitsble acte5 38A30 3fj.7 2023 2022 Pa1 fees Bank 124 175 Fees paid to the indep8TrJ8nt ex8mlner the year cryts8d £2.580 for ac£ounlarw s(•$12022.. £2,604). £720 for Iho (2021 £7201. £864 ts payK41 {2022.' £864). chu duruwj ts year kn tholr rol• as Tft*t•os. 13-
NEW LIFE CHURCH WORTHING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Tnwt••¥ Icorrtlnu•d) 10 Employ••• Nun•r of •mployS Tho average Monthly nulthrd thJrfnp th• y•#r 2023 Nunthir 2022 Numb•r Admlnlslra CAP vK)rk•r 37.450 Sedal 8WJrtty costs 35,¢X7 11 Taxael¢%b 12 Prop•rty, pl•nt and •qulpiirt T• At l Jarrt)y t)23 1.958282 5.332 1,963,814 At 31 D•c*mbw 2023 1,958282 5332 1.963.814 D•pr•d•tlon and Imp•lrnMttt At 1 January 2023 At 31 D•c•mbw 23 C•rrylng arnount At 31 D8e•mber 2W23 1.958.282 1.958.282 At 31 Dwitw2022 1.958.282 1,958.722 14-
NEW LIFE CHURCH WORTHING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR ThIE YEAR ENDED 31 DECEAIBER 2023 13 Trad• and dh•r Y•¢•lv Amounts fdllrvj tn on• yw. 379,231 370.630 224 379,814 370.854 Intrnt to £374,279 at 31 20rJ I22." £363.4741. T1• n1•$ arè d by th8 8apb.st UriTh and ¥&ill b8 rdaawl lo tho Clwth to fulur• of t£StruC1J th8 now 2023 2022 12.( 16.OLYI P8ybl• vAthln ¢m Payabl• after om y•w 12,OCiI 8outh East Bptl•tA•ocla An Intet fr•• hjan of £40.¢)00 th• yaw 31 W18 to b• r•pald OV•T 10 y6ws wlih Inalm8nts of £2,C*)O be01rj du8 In F•W and Ats31 of •gth yoar. The bakgnc• outstsndlng at Iho yoar ond w8s£1ZC¥)012022.. £16.10 15 Curr•nt Il•bllltl•• 11,535 18.919 15-
NEW LIFE CHURCH WORTHING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 2022 11,535 2023 Curr•rtl iknt4 11.535 Doferrnd Incom at 1 J•nuary 2023 11,53S {11.535) 11,S35 11,535
NEW LIFE CHURCH WORTHING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAI8ER 2023 At 1 J•ry At31 DK•mb•r 2023 $03,737 1131 Fund MIS6 fiJr¥J 1873} {5.2831 115.4401 342 5,051 10.389 f21.396) 10,359 506,210 AtJ1 4rJ.157 38,927 461084 Wgffare Fund Mwvrf hAinisty lund Mwjn fwKI R•strletsd gffis G4P Po¥ety ProJ•ct lur 1.107 12241 (5.9911 115.1821 423,187 121.39n 463.959 e$¢81$h ol a néw Churd) bulldiThJ. All ft8 recwed ttywards Ihe development and •xptnsas pahl sint• as no•J8 reciphL CAP Pov•rty ProJ•¢t fund . thls Ilmd M[ r¥&l to knl the of ts GIP (Chrlsts) Agafin Povetyl local branth. 17-
NEW LIFE CHURCH WORTHING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Unrnstrl¢t•d fund not $uWetl to 5Feunc (#rtI)n$ by dCrf and gvantLVS as to hLY• 11)oy may bo us&J. These Indudo A11J•n In¢omlno Resourc Trnn•f•rn At31 D•c•mb•r Churdb wopty fuwKI Gffts and a¢ies fthwj 1,942.282 1.946.282 4.144 14.083 2,219 149,397 240 14.415 (8.958) 1189) 118.4LKII 107.510 132,$83 rr2276) 1070.519 135.199 (79.2341 {10,359) 2.110.125 At31 22 2022 Chtsrth propety lund Grfl6 )d lty$ fuThJ Oth•r desh3natod lurJs CAP Gw)eral fw 1,938282 2.404 13.017 2,413 72258 1,942.282 2218 {4,$40) 14.415 151 116,1201 123.122 (Y1.7501 107.510 2.26.374 128.840 IT8.2W) {8.405) 2.070,519 churth nel of any outstsndiThJ tK)rrn9$. These propeths 8rf• held ty the Bap06t Unlon Corporauon Thls Includ8J Ihe Jutkn Hal orKI (ar prt 10 GreWj Ro•J arKI gard and th• Church m8rk at 52 M8lthw. In •ldWk)n. knd has been wrrth•J b• lo Ib)use a nthv Churth bJthJing In the luthre. Transfers of £4.CQO wwe mJe durirvJ th? year lo rBpaymgnt of bmwngs from Ihe goneral fund8. 18-
NEW LIFE CHURCH WORTHING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 19 Anaty¥l• of n•t ••••ts b•¢w••n fvnd• Tat•l nd• 2023 fund• 2023 2033 Fund b•lanc•• •t 31 2023 arn rnw•¥•nt•d lry: 1.Y58.282 185.843 {8,COI 1.958.282 672,053 I8.0) Current assets10110#} Loro tem liats"Ilb"es A8.210 2.116,125 506.210 2.622.335 Total fund• 2022 lund• 2022 Fund b•lan¢M •t 311)•¢nb•r 2022 r•pr•••nW ty: ProF•rty, nt WusYr1 Current a88etslllhbllV8•1 Lc¥J term Il8lItIeS 1.95B.722 IZJ.PJ7 463,959 112.CW} 1.968,722 $87,756 {12,C4)01 2.070.519 463.959 1534.478 20 R•l•t•d p•rty transactk)ns durfThJ th• y•ar12022- rwl. 19-