Clwrlty r•gl•tr*tlw nUM￿r 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 Hamn￿l 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 cc*nply vAth the c￿￿ch'S Mernc￿￿rn Arbc4es of As￿￿kn. the c￿an19$ Act 21N)6 and 'A￿1n1￿j 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 Repu￿10 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 rn￿n5 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$9iwry uThlgrtthry Suppxt th? (xjmmunty. Thls system. has In Pl￿ for rw4ry ye8rg 8￿j lo h pgrt dowofferirvd. unable to buikj our new thurth, rt 15 Crtjr interdix lo rjo so ug Iwve • PWTiial￿I ￿me th we can store the ladllues and enhanc• ts ITAhloS pmi(wsty As PBrt of our onnuol fijnthn repwts ore prgpgr¥d fry MdwidU￿ athl¥¥¥ that ¥Jllh lh8 Charity. Wl rgwvg Ihg RoFQrts n respectcl41 the Charity ￿ dory. Flnand•l r•¥l•w The overall re5uN5 for th• Unrestric￿ frjnds aft8r tran518ts of £45,606 {2022.. SU1￿￿$ of £42.1451 and a on rg8trKXed furth cl £41251 R021 ¥w￿U$ of £40.7721 Unrestricw fu￿J5 wied Iward £2.116,125 (2022.. £2,070.5191. R•urm pollcy tt Is the polty of Ihe Chuf¢h that free rtseThes Sh￿k1 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 ac*Th whle ￿1n8￿18T8￿0n is given to ways in whtch addit*￿al 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 t*4ry1 duthJ lh• yw ?￿j up S M Carter MrPMArth MrGJG¢al Mr P H8mrtsxd 1 F*uwy 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 t*Ath Inducdon and tralnkng A8 conshlafed n•c•sswy for th• rd• Ihgy are und•rtakJTrJ. of t￿ Trust￿3 has any b¢nefthi Int•r8St In th• r*xnpany. Al of the Trust￿8 •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 Tn*to8B 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 ￿n￿10M 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*. Ir*4udlNJ the InccTh aThJ 8X￿dIbJr8, oftho charltabl• Liyrwny for Ihat y￿. . 8t8to whelher ap￿kat40 UK AC(￿jnI1rQ SlaThlarf8 b•￿ fok1￿￿. to •ny matwl•l thsdosed and eXp￿ned In tho stat*n￿ts. and ony ttm? the finandal pc4thn d the ￿•bI• Ih•m ts) w￿￿r* Ihat 8tst•mont8 e4mply wlth the Cornpanieg Act 2006. TW ar• r•¥¥J)slbl• lor saf•3u•rdlrrfJ tho ws•18 of IM C￿rth •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 D￿ember 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 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 Tot*1 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 I￿Orn• 31 87.wl SO￿0 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 Con￿n￿1n9 *tMtses. NEW LIFE CHURCH WORTHING STATEMENT OF FINANc￿L 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¢$4gnat•d frJnd• 1.918.282 1.942.282 20.72T 1.986.728 149.397 1.963,1 107,510 2,116,125 2,070.519 2.622.335 2.534.478 NEW LIFE CHURCH WORTHING STATEMENT OF FINANCIAL posmoN (CONTINUED) AS AT 31 DECEPABER 2023 The dlrectors aCkn￿*￿d￿ INr for wllh ts ryilr•mwts of tho C￿pan￿* 2(XJ8 small COM￿18$ 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 ￿￿￿#yal￿j in EnglwKI wwj Wth. Th• 1.1 Aecounllnq conv•ntlon th8 Cornpanig¥ "A¢r￿n11￿ WKI Rwxtino by Chwits88: Ststwn8nt of Re￿mm￿￿1 Praetit• •pph(xile to tharlll¥J ac£f*Jnty in a￿dan¢￿ 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?fr￿d by FRS 102. Th• Churth lak•n adv￿90 af tho In th• SORP •ppty*vJ FRS 102 Updth 12 Golng ¢on¢•rn has ad¢qu¥te resouw to conunu? In ￿$tan¢S fry ts loras08￿ fu￿r*. Thu$ the Tntst IJ Ch•rftsl>l• lund* Unrestricted fiJnd$ arn frx w• •t lh• ol th• of thdr r*•rt R•51rfctgd fvnds ar• s￿41￿ to spwalk by ¢S)Mrn ry W8ntsYs as to tsy may b• us•d. Th• 1A In¢om• rnIa(￿ kn th)naions le￿i¥•d urKlgr GrfIAKI Ss at Ihe ofthe do￿ti￿. the 8mtyJrt is knw. and rnc•ipt i¥ weded. 11 th• arI￿nt is rKI kThThwn. Iho *acy ij troatsd as 8 NEW LIFE CHURCH WORTHING NOTES TO THE FINANCIAL STATEMENTS (Co￿nNUED) 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 ￿￿trI￿￿jt6 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 th￿1 1.7 Impalrnwnt of non