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← New Life Church, Crouch Valley

2023-12-31-accounts

REGISTERED COMPANY NUMBER: 08062802 (England and Wales) REGISTERED CHARITY NUMBER: 1149409

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 December 2023

for

NEW LIFE CHURCH, CROUCH VALLEY

Mudd Partners LLP Chartered Accountants Lakeview House 4 Woodbrook Crescent Billericay Essex CM12 0EQ

NEW LIFE CHURCH, CROUCH VALLEY

Contents of the Financial Statements for the Year Ended 31 December 2023

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7 to 8
Notes to the Financial Statements 9 to 18
Detailed Statement of Financial Activities 19 to 20

NEW LIFE CHURCH, CROUCH VALLEY

Report of the Trustees for the Year Ended 31 December 2023

The Trustees present their annual report and financial statements for the year ended 31 December 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "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 l January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims

Our charitable goals are set out fully in our Articles of Association, but can be summarised as follows:

i. Advancing the Christian faith

We seek to build a strong and growing Church reflecting our values and beliefs and serving our local community and beyond. In doing so, we play our part in the whole mission of the worldwide Church of which we are a part. Our activities to this end include evangelism, teaching, worship, prayer, children's and young peoples' ministry.

ii. Social Action

We seek the relief of hardship and promotion of positive life-skills to see thriving individuals and communities, as a key and indivisible part of the mission of the Church.

iii. Being a Positive Part of our Community

We are positive about the community in which we live and seek its good. We want to see the Crouch Valley thrive as part of seeing Essex transformed.

The leadership and the Trustees of the Church keep in mind the Commission's guidance on public benefit and in particular the specific guidance on charities for the advancement of religion.

Page 1

NEW LIFE CHURCH, CROUCH VALLEY

Report of the Trustees for the Year Ended 31 December 2023

OBJECTIVES AND ACTIVITIES Significant activities

Public Meetings and Advancing the Christian faith

Full public meetings were held at both of our buildings during the year. Besides our usual Sunday meetings, we also held meetings with other churches as part of our local and regional partnerships to advance the Christian faith. We continued to engage with and support church members and reach new people during the year.

Social Action

Some of our social action initiatives continued during the year, including our work with local food banks. Support groups were able to continue to use Miracle House, in line with guidelines.

We also provided support to other social action groups such as Platform 67, Mercy UK, Living Fire, and individual families from our 10% Tithe Fund and Help Fund.

.

Being Part of Our Community

We continued to:

The Church remains committed to giving away at least 10% of its received donations to support the above and other charities which may be local or based overseas in Africa, Asia and Europe.

During the year we used our Help Fund to support members of the community. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Page 2

NEW LIFE CHURCH, CROUCH VALLEY

Report of the Trustees for the Year Ended 31 December 2023

OBJECTIVES AND ACTIVITIES

The Church would not be able to offer the breadth of activity it does without the extensive use of unpaid volunteers to support the small number of paid church employees. We are grateful for this support and commitment.

Public benefit

The activities undertaken by the Church during the year to further, in the opinion of the Trustees, its charitable purposes for public benefit, are described within objectives and aims above.

The Trustees are of the opinion that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission.

Volunteers

The Church would not be able to offer the breadth of activity it does without the extensive use of unpaid volunteers to support the small number of paid Church employees. We are grateful for this support and commitment especially as it continued to be offered during such a challenging year.

FINANCIAL REVIEW

Reserves policy

The Church policy is to hold reserves equal to three months of annual budgeted expenditure.

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.

Recruitment and appointment of new trustees

Trustees are elected in accordance with the Memorandum and Articles of Association.

Organisational structure

Trustees are elected in accordance with the Memorandum and Articles of Association.

During the year the following served as members of the Church governance:

Church Leaders: - Mr. Robert Purnell (Key Leader) - Mrs. Elizabeth Purnell - Mrs. Nina Taylor - Mr. Duane Paris - Mr Bayo Emmanuel - Mr. Phil Pavitt

Elected Trustees: - Mr. Andrew Bourne (Chair to April 2023) - Mr. Babajide Ajidagba ( Chair from April 2023) - Mr. Peter Watkinson - Mr. Waldemar Ockert (resigned September 2023) - Mrs. Denise Parris - Mr. Mark Tomlinson - Mr. Michael Oladipo (resigned January 2023) - Mrs. Sheila Benson-Nunoo (joined April 2023)

Induction and training of new Trustees

Trustees are provided with a copy of the Charity Commission guidance "Charity Trustee - what's involved". Two new Trustees joined the Board during the year.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

08062802 (England and Wales)

Page 3

NE WLIFECHTJRCH,CROUCHVALLE
ReportoftheTrustees
fortheYear Ended3lDecember 2023
RegisteredCharitynumber
1149409
Registered ofrice
MrBabijide Ajidagba
MiracleHouse
SilvaIslandWay
Wickford
Essex
SS129NR
Trustees
BAjidagbaHeadOfOperations
MsSABenson-Nunoo Solicitor/director(appointed21.4.23)
AJBoumeHeadOfUpgradesLondon Underground(resigned21.4.23)
DrW OckertPharrnaceuticalAnalyst(resigned30.9.23)
FMO Oladipo Environmental HealthOfficer(resigned2l.4.23)
DAParrisNutritionalTherapist
MATomlinsonManager
POWatkinson Retired
O OAkinrinlade LifePlanner(apponted23.6.23)
Company Secretary
B Ajidagba
Independent Examiner
DavidPetrassi		 FCCAFCA
MuddPartnersLLP
CharteredAccountants
LakeviewHouse
4WoodbrookCrescent
Billericay
Essex
cM12OEQ

Independent Examiner's Report to the Trustees of NEW LIFE CHURCH, CROUCH VALLEY

Independent examiner's report to the trustees of NEW LIFE CHURCH, CROUCH VALLEY ('the Company')

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

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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.

==> picture [94 x 46] intentionally omitted <==

David Petrassi FCCA FCA

Mudd Partners LLP Chartered Accountants Lakeview House 4 Woodbrook Crescent Billericay Essex CM12 0EQ Date: ............................................. 27 August 2024

Page 5

NEW LIFE CHURCH, CROUCH VALLEY

Statement of Financial Activities for the Year Ended 31 December 2023

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
286,136
Other trading activities
2
71,239
Investment income
3
23,232
Total
380,607
EXPENDITURE ON
Raising funds
203,879
Charitable activities
Charitable activities
160,125
Other
2,000
Total
366,004
NET INCOME/(EXPENDITURE)
14,603
RECONCILIATION OF FUNDS
Total funds brought forward
249,120
TOTAL FUNDS CARRIED FORWARD
263,723		 Restricted
funds
£
47,407
285
-
47,692
200
47,783
-
47,983
(291)
35,580
35,289		 31.12.23
31.12.22
Total
Total
funds
funds
£
£
333,543
286,134
71,524
66,604
23,232
24,008
428,299
376,746
204,079
188,266
207,908
171,584
2,000
1,500
413,987
361,350
14,312
15,396
284,700
269,304
299,012
284,700		 31.12.23
31.12.22
Total
Total
funds
funds
£
£
333,543
286,134
71,524
66,604
23,232
24,008
428,299
376,746
204,079
188,266
207,908
171,584
2,000
1,500
413,987
361,350
14,312
15,396
284,700
269,304
299,012
284,700
376,746
188,266
171,584
1,500
361,350
15,396
269,304
284,700

The notes form part of these financial statements

Page 6

NEW LIFE CHURCH, CROUCH VALLEY

Balance Sheet 31 December 2023

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
9
207,429
CURRENT ASSETS
Debtors
10
-
Cash at bank
117,579
117,579
CREDITORS
Amounts falling due within one year
11
(3,866)
NET CURRENT ASSETS
113,713
TOTAL ASSETS LESS CURRENT
LIABILITIES
321,142
CREDITORS
Amounts falling due after more than one year
12
(57,419)
NET ASSETS
263,723
FUNDS
14
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
35,289
35,289
-
35,289
35,289
-
35,289		 31.12.23
Total
funds
£
207,429
-
152,868
152,868
(3,866)
149,002
356,431
(57,419)
299,012
263,723
35,289
299,012		 31.12.22
Total
funds
£
206,185
2,000
140,581
142,581
(5,098)
137,483
343,668
(58,968)
284,700
249,120
35,580
284,700

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

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

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 7

NEW LIFE CHURCH, CROUCH VALLEY

Notes to the Financial Statements for the Year Ended 31 December 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.

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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

2. OTHER TRADING ACTIVITIES

31.12.23 31.12.22
£ £
Fundraising events - 270
Coffee shop 69,105 64,314
Sponsorships 2,419 2,020
71,524 66,604

continued...

Page 9

NEW LIFE CHURCH, CROUCH VALLEY

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

3. INVESTMENT INCOME

INVESTMENT INCOME
31.12.23 31.12.22
£ £
Hall hire 22,157 22,335
Deposit account interest 1,075 1,673
23,232 24,008
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.12.23 31.12.22
£ £
Depreciation - owned assets 4,714 2,061
Hire of plant and machinery 2,752 1,932

4. NET INCOME/(EXPENDITURE)

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no Trustees remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.

6. STAFF COSTS

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

31.12.23 31.12.22
Charitable activities and support staff 11 11

No employees received emoluments in excess of £60,000.

7. EXCEPTIONAL ITEMS

This represents write off of social action fund as it was agreed by the Trustees to abandon this project as it has since been replaced by funding elsewhere to achieve the objectives this project was intended to realise.

continued...

Page 10

NEW LIFE CHURCH, CROUCH VALLEY

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

8.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
232,454
Other trading activities
66,604
Investment income
24,008
Total
323,066
EXPENDITURE ON
Raising funds
187,769
Charitable activities
Charitable activities
115,058
Other
1,500
Total
304,327
NET INCOME/(EXPENDITURE)
18,739
RECONCILIATION OF FUNDS
Total funds brought forward
230,380
TOTAL FUNDS CARRIED FORWARD
249,119
9.
TANGIBLE FIXED ASSETS
Freehold
Plant and
property
machinery
£
£
COST
At 1 January 2023
200,000
5,879
Additions
-
6,107
Reclassification
-
(199)
At 31 December 2023
200,000
11,787
DEPRECIATION
At 1 January 2023
-
1,469
Charge for year
-
3,926
Reclassification/transfer
-
(50)
At 31 December 2023
-
5,345
NET BOOK VALUE
At 31 December 2023
200,000
6,442
At 31 December 2022
200,000
4,410		 Restricted
funds
£
53,680
-
-
53,680
497
56,526
-
57,023
(3,343)
38,924
35,581
Computer
equipment
£
2,367
-
-
2,367
592
788
-
1,380
987
1,775		 Total
funds
£
286,134
66,604
24,008
376,746
188,266
171,584
1,500
361,350
15,396
269,304
284,700
Totals
£
208,246
6,107
(199)
214,154
2,061
4,714
(50)
6,725
207,429
206,185		 Total
funds
£
286,134
66,604
24,008
376,746
188,266
171,584
1,500
361,350
15,396
269,304
284,700

continued...

Page 11

NEW LIFE CHURCH, CROUCH VALLEY

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Other debtors - 2,000
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Bank loans and overdrafts (see note 13) 2,366 3,585
Accruals and deferred income 1,500 1,513
3,866 5,098
12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£ £
Bank loans (see note 13) 57,419 58,968
13. LOANS
An analysis of the maturity of loans is given below:
31.12.23 31.12.22
£ £
Amounts falling due within one year on demand:
Bank loans 2,366 3,585
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal 57,419 58,968

continued...

Page 12

NEW LIFE CHURCH, CROUCH VALLEY

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

14. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Miracle House
Fundraising designated
Little sparks
Restricted funds
Help fund
Charity Box
Ascend Essex training
Make Lunch
School Pastors
Essex shall be saved
Transforming Essex
Media RF
Arise Ladies
Holding Fund
Extending Miracle House
Yum Yum refurbishment
10% Tithes from general fund
Community garden project
TOTAL FUNDS		 At 1.1.23
£
707,733
(464,940)
632
5,695
249,120
3,998
41
500
1,459
1,807
9,098
5,955
233
157
10
8,443
1,503
2,225
151
35,580
284,700		 Net
movement
in funds
£
118,576
(103,534)
-
(439)
14,603
(2,468)
(1)
59
(473)
2,000
(5,159)
753
(233)
251
284
1,670
(200)
3,082
144
(291)
14,312		 At
31.12.23
£
826,309
(568,474)
632
5,256
263,723
1,530
40
559
986
3,807
3,939
6,708
-
408
294
10,113
1,303
5,307
295
35,289
299,012

continued...

Page 13

NEW LIFE CHURCH, CROUCH VALLEY

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

14. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Miracle House
Little sparks
Restricted funds
Help fund
Charity Box
Ascend Essex training
Make Lunch
School Pastors
Essex shall be saved
Transforming Essex
Media RF
Arise Ladies
Holding Fund
Extending Miracle House
Yum Yum refurbishment
10% Tithes from general fund
Community garden project
TOTAL FUNDS		 Incoming
resources
£
380,607
-
-
380,607
4,095
524
285
1,206
7,000
9,292
7,361
1,380
1,301
2,121
1,670
-
11,107
350
47,692
428,299		 Resources
Movement
expended
in funds
£
£
(262,031)
118,576
(103,534)
(103,534)
(439)
(439)
(366,004)
14,603
(6,563)
(2,468)
(525)
(1)
(226)
59
(1,679)
(473)
(5,000)
2,000
(14,451)
(5,159)
(6,608)
753
(1,613)
(233)
(1,050)
251
(1,837)
284
-
1,670
(200)
(200)
(8,025)
3,082
(206)
144
(47,983)
(291)
(413,987)
14,312

continued...

Page 14

NEW LIFE CHURCH, CROUCH VALLEY

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

14. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Miracle House
Fundraising designated
Little sparks
Restricted funds
Help fund
Charity Box
Ascend Essex training
Make Lunch
School Pastors
Essex shall be saved
Transforming Essex
Media RF
Arise Ladies
Holding Fund
Extending Miracle House
Yum Yum refurbishment
10% Tithes from general fund
Redeveloping MH2
Community garden project
TOTAL FUNDS		 At 1.1.22
£
688,993
(464,940)
632
5,695
230,380
(127)
(115)
2,298
1,906
3,769
8,957
3,036
-
-
-
-
-
5,934
13,115
151
38,924
269,304		 Net
movement
in funds
£
18,740
-
-
-
18,740
4,125
156
(1,798)
(447)
(1,962)
141
2,919
233
157
10
8,443
1,503
(3,709)
(13,115)
-
(3,344)
15,396		 At
31.12.22
£
707,733
(464,940)
632
5,695
249,120
3,998
41
500
1,459
1,807
9,098
5,955
233
157
10
8,443
1,503
2,225
-
151
35,580
284,700

Page 15

continued...

NEW LIFE CHURCH, CROUCH VALLEY

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

14. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Restricted funds
Help fund
Charity Box
Ascend Essex training
Make Lunch
School Pastors
Essex shall be saved
Transforming Essex
Media RF
Arise Ladies
Holding Fund
Extending Miracle House
Yum Yum refurbishment
10% Tithes from general fund
Redeveloping MH2
TOTAL FUNDS		 Incoming
resources
£
323,066
4,225
156
-
-
116
19,860
6,150
1,618
299
10
9,193
2,000
10,053
-
53,680
376,746		 Resources
Movement
expended
in funds
£
£
(304,326)
18,740
(100)
4,125
-
156
(1,798)
(1,798)
(447)
(447)
(2,078)
(1,962)
(19,719)
141
(3,231)
2,919
(1,385)
233
(142)
157
-
10
(750)
8,443
(497)
1,503
(13,762)
(3,709)
(13,115)
(13,115)
(57,024)
(3,344)
(361,350)
15,396

Page 16

continued...

NEW LIFE CHURCH, CROUCH VALLEY

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

14. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Miracle House
Fundraising designated
Little sparks
Restricted funds
Help fund
Charity Box
Ascend Essex training
Make Lunch
School Pastors
Essex shall be saved
Transforming Essex
Transforming Essex
Arise Ladies
Holding Fund
Extending Miracle House
Yum Yum refurbishment
10% Tithes from general fund
Redeveloping MH2
Community garden project
TOTAL FUNDS		 At 1.1.22
£
688,993
(464,940)
632
5,695
230,380
(127)
(115)
2,298
1,906
3,769
8,957
3,036
-
-
-
-
-
5,934
13,115
151
38,924
269,304		 Net
movement
in funds
£
137,316
(103,534)
-
(439)
33,343
1,657
155
(1,739)
(920)
38
(5,018)
2,919
753
408
294
10,113
1,303
(627)
(13,115)
144
(3,635)
29,708		 At
31.12.23
£
826,309
(568,474)
632
5,256
263,723
1,530
40
559
986
3,807
3,939
5,955
753
408
294
10,113
1,303
5,307
-
295
35,289
299,012

continued...

Page 17

NEW LIFE CHURCH, CROUCH VALLEY

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

14. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Miracle House
Little sparks
Restricted funds
Help fund
Charity Box
Ascend Essex training
Make Lunch
School Pastors
Essex shall be saved
Transforming Essex
Transforming Essex
Media RF
Arise Ladies
Holding Fund
Extending Miracle House
Yum Yum refurbishment
10% Tithes from general fund
Redeveloping MH2
Community garden project
TOTAL FUNDS		 Incoming
resources
£
703,673
-
-
703,673
8,320
680
285
1,206
7,116
29,152
6,150
7,361
2,998
1,600
2,131
10,863
2,000
21,160
-
350
101,372
805,045		 Resources
Movement
expended
in funds
£
£
(566,357)
137,316
(103,534)
(103,534)
(439)
(439)
(670,330)
33,343
(6,663)
1,657
(525)
155
(2,024)
(1,739)
(2,126)
(920)
(7,078)
38
(34,170)
(5,018)
(3,231)
2,919
(6,608)
753
(2,998)
-
(1,192)
408
(1,837)
294
(750)
10,113
(697)
1,303
(21,787)
(627)
(13,115)
(13,115)
(206)
144
(105,007)
(3,635)
(775,337)
29,708

15. RELATED PARTY DISCLOSURES

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

Page 18

NEW LIFE CHURCH, CROUCH VALLEY

Detailed Statement of Financial Activities
for the Year Ended 31 December 2023
31.12.23 31.12.22
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Gifts (2) 4
Donations 330,597 284,650
Subscriptions and licences 2,948 1,480
333,543 286,134
Other trading activities
Fundraising events - 270
Coffee shop 69,105 64,314
Sponsorships 2,419 2,020
71,524 66,604
Investment income
Hall hire 22,157 22,335
Deposit account interest 1,075 1,673
23,232 24,008
Total incoming resources 428,299 376,746
EXPENDITURE
Raising donations and legacies
Wages 131,971 122,689
Other trading activities
Coffee shop purchases 68,183 62,327
Mortgage 3,925 3,250
72,108 65,577
Charitable activities
Hall Hire 2,752 1,932
Repairs and Renewals 6,217 18,697
Miracle house expenditure 103,534 69,212
Light and heat 4,252 1,849
Telephone 374 374
Postage and stationery 814 1,486
Advertising - 1,753
Sundries 76,925 67,099
Make lunch 1,679 447
196,547 162,849
Other
Exceptional items 2,000 -

This page does not form part of the statutory financial statements

Page 19

NEW LIFE CHURCH, CROUCH VALLEY

Detailed Statement of Financial Activities
for the Year Ended 31 December 2023
31.12.23 31.12.22
£ £
Support costs
Management
Travel and subsistence - 3,569
Finance
Bank charges 1,773 1,751
Information technology
Subscriptions and licences 1,364 592
Plant and machinery 3,925 1,470
Computer equipment 788 592
6,077 2,654
Other 3
Accountancy 1,500 1,500
Training 2,011 761
3,511 2,261
Total resources expended 413,987 361,350
Net income 14,312 15,396

This page does not form part of the statutory financial statements

Page 20