**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.
- Our work with Transforming Lives for Good (which incorporated Make Lunch) operated during the year via the Let's Cook initiative. This activity was undertaken at our South Woodham Ferrers Food bank which supports the local community.
- Our Parents and Toddlers group in Wickford ("Little Sparks") continued during the year. We also launched this service at our South Woodham Ferrers campus during the year.
- Our work providing 'School Pastors' to the William de Ferrers Secondary School in South Woodham Ferrers continued during the year.
- Our engagement with youth ("Ignite Youth") continued with face-to-face meetings during the year.
- We offered work experience in our Yum Yums coffee shop during the year.
- We continued with our wellbeing support group ("Kintsugi Hope"), open to members of the community and church members and will now integrate this into our ongoing activities.
- We provided support to various Older People Food Support by providing 200 lunches weekly in Rayleigh.
- Our Wickford campus is now being rented to a new AA service.
- We engaged our regional partner Southend Christian Fellowship to jointly plan events, support one another and share resources.
- We supported the Reading Mentor Scheme by providing male volunteers from our local community who were trained by Lads Need Dads as reading mentors for boys with absent fathers to help improve boys reading and emotional literacy skills.
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:
- offer a safe and inclusive space for members of the community to meet and buy takeaway drinks or dine on-site ("Yum Yums Coffee Shop")
- open our garden at Miracle House to provide a natural peaceful space accessible to the local community.
- provide access to Miracle House for hiring by the local community.
- be available to the local community as a place of contact for physical and spiritual support.
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.
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
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
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