2020-12-31-accounts - New Life Lancaster

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CONTENTS		PAGES
Legal and administrative	information
Report ofthe Directors		3-6
Report oftheindependent	examiner
Statement offinancial activities
Balance sheet
Statement of cash flows		10
Notes to the financial statements		11-16

		REPORT OF	THE	DIRECTORS FOR THE PERIOD ENDED 31DECEMBER 2020	DIRECTORS FOR THE PERIOD ENDED 31DECEMBER 2020
			LEGAL AND ADMINISTRATIVE		INFORMATION
Company	Number			8370243
Charity Number				1150634
Trustees/Directors				Ola Mustapha
				Lou Mosey
				Helen Vernon
				Samson Gumbo
				Raphael Walmsley
Principal	address			New Life Lancaster
				The Chapel
				White Cross
				South Road
				Lancaster
				LA1 4XQ
Independent		Examiner		Optimum Accountancy
				149Victoria Road West
				Thornton Cleveleys
				Lancashire
				FY5 3LB
Bankers				CAF Bank Ltd
				25 Kings Hill Avenue
				Kings Hill
				West Mailing
				Kent
				ME194JQ
Solicitors				Hem psons
				The Exchange
				Station Parade
				Harrogate
				HG1 1DY

			Unrestricted	Restricted	Total Funds	Total Funds
		Note	Funds	Funds	2020	2019
Income:			6	6	6	6
Donations and gifts			91,801	4,639	96,440	99,544
Income from other trading activities
Hall hire and other sundry income			19,657		19,657	8,910
Investment income			18	17	35	87
Total income			111,476	4,656	116,131	108,541
Expenditure:
Charitable activities			94,785	4,703	99,488	120,086
Total expenditure			94,785	4,703	99,48S	120,086
Net Income and net movement	ln funds		16,690	(48)	16,643	(11,545)
Transfer between funds			(14,434)	14,434
Reconciliation offunds
Fund balances as at 1January 2020			38,115	21,447	59,562	71,107
Fund balances as at 31December 2020			40,372	35,833	76,204	59,562

		BALANCE SHEET
		AS AT31DECEMBER	2020
		NOTE	2020	2019
			f
CURRENT ASSETS
Debtors			2,360	3,561
Cash at bank	and in hand		74,744	56,900
			77,104	60,462
CREDITORS
Amounts falling due within one year		8	(900)	(900)
			(900)	(900)
Net current Assets			76,204	59,562
NET ASSETS			76,204	59,562
FUND BALANCES
Unrestricted	funds		40,372	38,115
Restricted funds			35,833	21,447
TOTAL FUNDS		15	76,204	59,562

			2020	2019
		Note	6	f
Cash flows from operating activities
Net cash (oufflow)/income			16,643	(11,545)
Working capital adjustments
(Increase)/decrease in debtors			1,201	323
Increase/(decrease) in creditors				(66)
Net cash Rows from operating	activities		17,844	(11,288)
Cash and cash equivalents at	1January 2020		56,900	68,188
Cash and cash equivalents at	31December 2020		74,744	56,900

			Total	Total
			2020	2019
				f
Ministry gifts to individuals				1,208
Global Horizons			6,100	8,930
Grants to the Philippines			4,570	3,415
Barachel Fund grants			133	2,444
Ministry services &expenses			31,688	37,022
CAP centre operating costs			840	780
Children and youth work			2,301	3,261
Administration salaries &wages			17,975	18,258
Insurance			648	693
Rent & rates			33,435	40,984
Repairs and maintenance				2,192
Independent examination	&Accountancy
Total charitable expenditure			99,488	120,086
Trrtggg' d~ec ~in
During 2020the following	amounts	were paid to trustees	in respect of ministry fees and expenses		in
accordance with the Trust	deed.
			Total	Total
			2020	2019
Fees for work undertaken
Marcus Mosey			22,021	29,424
			22,021	29,424
Reimbursement ofexpenses
Helen Vernon			105	400
Samson Gumbo
Dla Mustapha				261
Marcus Mosey			482	198
David Jones				214
			587	1,073

	financial year	. Th	e a	verage n	umber ofemployees (hea	dcount) analysed by function w	as:
						2020	2019
	Cleaning					1	1
	Children and	youth		outreach	work
	CAP Debt counselling			service
	Administration
7)	De torsand	Pre	a	ments
						2020	2019
						6	f
						2,360	3,561
	Gift aid recoverable					2,360	3,561