OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts

REGISTERED COMPANY NUMBER: 07835914 (England and Wales) REGISTERED CHARITY NUMBER: 1145094

NEW LIFE CHURCH DORKING

Unaudited Financial Statements for the Year Ended 31 March 2023

Tudor John Limited Nightingale House 46-48 East Street Epsom Surrey KT17 1HQ

NEW LIFE CHURCH DORKING

Contents of the Financial Statements for the year ended 31 March 2023

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 13
Detailed Statement of Financial Activities 14

NEW LIFE CHURCH DORKING (REGISTERED NUMBER: 07835914)

Report of the Trustees for the year ended 31 March 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

The charity's object is defined in its Trust Deed as:

to advance the Christian faith in accordance with the Statement of Beliefs appearing in the Schedule hereto in Dorking and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the trust, and

The policies adopted in furtherance of these objects are as follows:

Reserves Policy

The Trustees aim to maintain a minimum of three month's operating expenditure in reserve at all times.

Investment Policy

The Trustees aim to see incoming resources used for the ends and therefore does not seek to invest for the sake of income. And cash is held on deposit. All income is from voluntary donations.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. This includes the Commission's specific guidance on "Advancement of Religion for the Public Benefit". The main activities of the Charity were as follows:

Page 1

NEW LIFE CHURCH DORKING (REGISTERED NUMBER: 07835914)

Report of the Trustees for the year ended 31 March 2023

ACHIEVEMENT AND PERFORMANCE

Achievements and/or new developments

The year to March 2023 was the first full year of "recovery" following the covid pandemic. In many ways the pandemic only served to strengthen the Church and the numbers of active participants in Church life, including financial giving, remained very stable.

Most people returned to physical gatherings in small midweek groups or Sunday services and the life of the Church family at the Chart Downs Community Centre has started to grow and thrive.

The Breakfast Café, first established in August 2020, continued to be very popular with the local community and there is a general recognition of what a positive impact it has had (and continues to have) in terms of community cohesion and belonging. This includes a number of families with young children and some elderly residents, for whom it is proving a valuable and low cost means of connecting with others.

The Breakfast Café is run by a team of volunteers from New Life and this has not only created wider opportunities for members of the Church to serve but also served to deepen friendships across the Church family.

A weekly Baby Group, first established during lockdown in partnership with the local Family Centre, also provided a welcoming and low cost means of local parents (particularly young mums) connecting and allowing their babies and toddlers to socialise in a way that they had not been able to during the covid lockdowns.

With the significant rise in energy prices and the wider cost of living, the Church was also able to resource a weekly "Community Warm Space" (essentially a free coffee morning) at the Community Centre. Several people in need, either in the Church family or the local community were also helped through financial and practical support, including the regular provision of food supplies.

The work with young people has continued to develop through co-operation with other local Churches and we were able to take a group of over 20 teenagers from those Churches to a major Christian Youth Festival (Newday) which was running for the first time since covid.

The Church has continued to support the work of the Dorking Men's Shed (DMS) at the Hampstead Road building, although efforts are continuing to sell the building, whether to the DMS or another party.

FINANCIAL REVIEW

Financial review

The financial position of the Church steadily improved during the 12 months to March 2023 which is demonstrated in the accounts presented in this document..

The financial status of the Church is monitored regularly, with a view to taking appropriate action if required to maintain the reserves required by the policy stated previously.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Page 2

NEW LIFE CHURCH DORKING (REGISTERED NUMBER: 07835914)

Report of the Trustees for the year ended 31 March 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is a company limited by guarantee and is governed by its Trust Deed.

The trustees, who are also the directors for the purpose of company law, who served during the year 2022-23 were:

PM Sutherland RW Taylor P Hajittofi

In accordance with the Trust Deed, the following provisions shall apply in relation to the appointment of trustees: a) In addition to the statutory powers of appointment a new Trustee may be appointed by a resolution of the trustees passed by a majority of the trustees for the time being (and not just a simple majority present at a meeting when the resolution is considered) and such resolution shall be recorded in the minutes and signed by the new trustee and by the chairman of the meeting and such records shall be conclusive evidence of his appointment.

b) When any new trustee is appointed, the trustees shall ensure that any land or other property belonging to the charity which is not vested in the Official Custodian for Charities or in a custodian trustee or a nominee, is effectively vested in the persons who are the trustees following such an appointment.

c) A technical defect in the appointment of a trustee of which the trustees are unaware at the time does not invalidate decisions taken by the trustees.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The Trust was established in 2011. It is governed by Memorandum and Articles of Association wherein the charitable objects and powers are laid down.

Page 3

NEW LIFE CHURCH DORKING (REGISTERED NUMBER: 07835914)

Report of the Trustees for the year ended 31 March 2023

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

07835914 (England and Wales)

Registered Charity number

1145094

Registered office

54 Chart Downs Dorking Surrey RH5 4DH

Trustees

P Hajittofi P M Sutherland R W Taylor

Independent Examiner

Hazel M Day BSc FCA DChA Tudor John Limited Nightingale House 46-48 East Street Epsom Surrey KT17 1HQ Approved by order of the board of trustees on ........20/12/2023..................................... and signed on its behalf by:

........................................................................ P M Sutherland - Trustee

Page 4

Independent Examiner's Report to the Trustees of New Life Church Dorking (Registered number: 07835914)

Independent examiner's report to the trustees of New Life Church Dorking ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.

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 the Company 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.

Independent examiner's statement

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:

  1. accounting records were not kept in respect of the Company 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. 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.

Hazel M Day BSc FCA DChA

Tudor John Limited Nightingale House 46-48 East Street Epsom Surrey KT17 1HQ

Date: .............................................

Page 5

NEW LIFE CHURCH DORKING

Statement of Financial Activities for the year ended 31 March 2023

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
85,280
Investment income
2
137
Total
85,417
EXPENDITURE ON
Charitable activities
3
Donations
9,086
Youth Work
477
Events & Projects
4,536
Sunday and Premises Costs
13,285
Training
111
Staff costs
47,886
Admin costs
5,197
Giving
-
Other
32
Total
80,610
NET INCOME/(EXPENDITURE)
4,807
RECONCILIATION OF FUNDS
Total funds brought forward
316,864
TOTAL FUNDS CARRIED FORWARD
321,671		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 2023
Total
funds
£
85,280
137
85,417
9,086
477
4,536
13,285
111
47,886
5,197
-
32
80,610
4,807
316,864
321,671		 2022
Total
funds
£
79,798
6
79,804
-
11
254
4,395
-
53,140
11,633
34,837
-
104,270
(24,466)
341,330
316,864

The notes form part of these financial statements

Page 6

NEW LIFE CHURCH DORKING (REGISTERED NUMBER: 07835914)

Balance Sheet 31 March 2023

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
9
281,228
CURRENT ASSETS
Debtors
10
15,048
Cash at bank
27,575
42,623
CREDITORS
Amounts falling due within one year
11
(2,180)
NET CURRENT ASSETS
40,443
TOTAL ASSETS LESS CURRENT
LIABILITIES
321,671
NET ASSETS
321,671
FUNDS
12
Unrestricted funds
TOTAL FUNDS		 Restricted
fund
£
-
-
-
-
-
-
-
-		 2023
Total
funds
£
281,228
15,048
27,575
42,623
(2,180)
40,443
321,671
321,671
321,671
321,671		 2022
Total
funds
£
280,000
14,414
25,807
40,221
(3,357)
36,864
316,864
316,864
316,864
316,864

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on .............20/12/2023................................ and were signed on its behalf by:

............................................. P M Sutherland - Trustee

The notes form part of these financial statements

Page 7

NEW LIFE CHURCH DORKING

Notes to the Financial Statements for the year ended 31 March 2023

1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

FINANCIAL REPORTING STANDARD 102 - REDUCED DISCLOSURE EXEMPTIONS

The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application fo the charity's accounting policies, the trustees are required to make judgements, estimates and assumption about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumption are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

INCOME

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probably that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is know, and receipt is expected. If the amount is not knows, the legacy is treated as a contingent asset.

EXPENDITURE

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

TANGIBLE FIXED ASSETS

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Nil Fixtures & fittings 10%

continued...

Page 8

NEW LIFE CHURCH DORKING

Notes to the Financial Statements - continued for the year ended 31 March 2023

1. ACCOUNTING POLICIES - continued

TANGIBLE FIXED ASSETS

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/expenditure for the year.

TAXATION

The charity is exempt from corporation tax on its charitable activities.

FUND ACCOUNTING

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.

GOING CONCERN

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in prepping the financial statements.

2. INVESTMENT INCOME

INVESTMENT INCOME
2023 2022
£ £
Deposit account interest 137 6
INVESTMENT INCOME INVESTMENT INCOME INVESTMENT INCOME
2023
2022
£
£
Deposit account interest
137
6
CHARITABLE ACTIVITIES COSTS
Donations
Youth Work
Events & Projects
Sunday and Premises Costs
Training
Staff costs
Admin costs		 Support
Direct
costs (see
Costs
note 4)
£
£
9,086
-
477
-
4,536
-
13,285
-
111
-
-
47,886
-
5,197
27,495
53,083		 Totals
£
9,086
477
4,536
13,285
111
47,886
5,197
80,578

3. CHARITABLE ACTIVITIES COSTS

continued...

Page 9

NEW LIFE CHURCH DORKING

Notes to the Financial Statements - continued for the year ended 31 March 2023

4. SUPPORT COSTS

Finance
£
Staff costs
-
Admin costs
72
72
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 Governance
Other
costs
£
£
47,886
-
3,355
1,770
51,241
1,770
2023
£
32		 Totals
£
47,886
5,197
53,083
2022
£
-

5. NET INCOME/(EXPENDITURE)

6. TRUSTEES' REMUNERATION AND BENEFITS

During the year Mr P Sutherland was paid £32,000 (2022: £30,000) for work carried out by him for the charity.

TRUSTEES' EXPENSES

Expenses totalling £5,689 (2022: £4,533) was reimbursed to 2 (2022: 3) trustees in respect of costs incurred by them on behalf of the Charity.

7. STAFF COSTS

The average monthly number of employees during the year was as follows:

8.

Church
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
79,798
Investment income
6
Total
79,804
EXPENDITURE ON
Charitable activities
Youth Work
11
Events & Projects
254
Sunday and Premises Costs
4,395
Staff costs
53,140
Admin costs
11,633
Giving
10,550		 2023
2
Restricted
fund
£
-
-
-
-
-
-
-
-
24,287		 2022
2
Total
funds
£
79,798
6
79,804
11
254
4,395
53,140
11,633
34,837

continued...

Page 10

NEW LIFE CHURCH DORKING

Notes to the Financial Statements - continued for the year ended 31 March 2023

8.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -
Unrestricted
fund
£
Total
79,983
NET INCOME/(EXPENDITURE)
(179)
Transfers between funds
(3,821)
Net movement in funds
(4,000)
RECONCILIATION OF FUNDS
Total funds brought forward
320,864
TOTAL FUNDS CARRIED FORWARD
316,864
9.
TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 April 2022
280,000
Additions
-
At 31 March 2023
280,000
DEPRECIATION
Charge for year
-
NET BOOK VALUE
At 31 March 2023
280,000
At 31 March 2022
280,000
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Prepayments		 continued
Restricted
fund
£
24,287
(24,287)
3,821
(20,466)
20,466
-
Fixtures
and
fittings
£
-
1,260
1,260
32
1,228
-
2023
£
13,060
1,988
15,048		 Total
funds
£
104,270
(24,466)
-
(24,466)
341,330
316,864
Totals
£
280,000
1,260
281,260
32
281,228
280,000
2022
£
12,425
1,989
14,414

continued...

Page 11

NEW LIFE CHURCH DORKING

Notes to the Financial Statements - continued for the year ended 31 March 2023

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Social security and other taxes
Other creditors
Accrued expenses
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are a
Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Funds to support Alison
TOTAL FUNDS		 s follows:
At 1.4.21
£
320,864
20,466
341,330		 At 1.4.22
£
316,864
316,864
Incoming
resources
£
85,417
85,417
Net
movement
in funds
£
(179)
(24,287)
(24,466)		 2023
2022
£
£
56
1,377
561
542
243
238
1,320
1,200
2,180
3,357
Net
movement
At
in funds
31.3.23
£
£
4,807
321,671
4,807
321,671
Resources
Movement
expended
in funds
£
£
(80,610)
4,807
(80,610)
4,807
Transfers
between
At
funds
31.3.22
£
£
(3,821)
316,864
3,821
-
-
316,864

12. MOVEMENT IN FUNDS

continued...

Page 12

NEW LIFE CHURCH DORKING

Notes to the Financial Statements - continued for the year ended 31 March 2023

12. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Funds to support Alison
TOTAL FUNDS		 Incoming
resources
£
79,804
-
79,804		 Resources
Movement
expended
in funds
£
£
(79,983)
(179)
(24,287)
(24,287)
(104,270)
(24,466)

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.

Page 13

NEW LIFE CHURCH DORKING

Detailed Statement of Financial Activities for the year ended 31 March 2023

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Investment income
Deposit account interest
Total incoming resources
EXPENDITURE
Charitable activities
Events and projects
Rent of Chart Downs CC
Conferences and training
Books and resources
Equipment and refreshments
Other donations
Hampstead Road Church expenses
Grants to individuals
Other
Fixtures and fittings
Support costs
Finance
Bank charges
Other
Wages
Insurance
Admin and office expenses
Governance costs
Accountancy and legal fees
Total resources expended
Net income/(expenditure)		 2023
£
72,220
13,060
85,280
137
85,417
5,417
5,208
111
-
6,343
9,086
1,330
-
27,495
32
72
47,886
255
3,100
51,241
1,770
80,610
4,807		 2022
£
67,373
12,425
79,798
6
79,804
265
4,130
1,289
136
9,276
10,550
265
24,287
50,198
-
170
43,864
3,489
5,049
52,402
1,500
104,270
(24,466)

This page does not form part of the statutory financial statements

Page 14