2020-12-31-accounts

Trustees		Mark Watson (Chauman)
		Keitb Maltby (Secretary)
		Roderick Munro (Treasurer)
		Eric Corrigan
		Nick Garfoot
		Ladey Adey
		Debbie Colyn
		David Jeal
Registered	Charity Naniber	1153603
Company Namber		08555537
Office		New Life Centre
		Mareham Lane
		Sleaford
		Lincolnshire
		NG34 7JP
Bankers		Lloyds TSB
		Sleaford
		Lincolnsbire
Independent	Examiner	Nicola Lenton FCCA
		Dexter and Sharpe
		Chartered Certified Accountants
		The Old Vicarage
		Church Close
		Boston
		Lincolnshire
		PE21 6NA

		Page No
Church Council Report		I —14
Report ofthe Independent	Examiner
Statement ofFinancial Activities		16
Balance Sheet		17
Notes to the Accounts		18-22

Target Income for the Year	2021 6	165,000	165,000	165,000
Includes Conference Centre	Transfers		in Budget Figure
NEW LIFE CHURCH MINISTRIES (Sleaford)						2021				2020
SALARIES AND WAGES						108,500			54%	109604		54o/
TRAVEL / TRANSPORT						1 750			1o/	1,750	I	1/.
MUSIC / SOUND						5 500			3%	2,920		1%
ADMINISTRATION (Printing,	Telephone		)			7000	'		3%	7,000		3%
PUBLICITY						1,000			0%	1,000		0%
											I
IT BUDGET						7500			4%	8 940		4%
RESOURCES 5 TRAINING						3,000			1%	3,000		1%
BUILDINGS						28 PPP			14o/	28,000		14%
EVANGELISM / GROUPS						5PP			P%	600		0%
YOUTH						2,000			1%	2,000	l	1%
CHILDREN (now excludes PreSchool)						1 000		I	po/	1,000		0%
VISITING MINISTRY						3,000				3,000		1%
PETTY CASH etc						2,100				2,100		1%
PROJECTS / CONTINGENCY						4,660			2%	4,686		2%
HELPS						1,000			0%	1000'		0%
15%PAID TO MISSIONS						24,750			12%	24,750		12%
					TOTAL	201,250			100%	201,250		100%
Conference Centre Contribution										33,750
Conference Centre Missions
Conference Centre Capital										14,250
Mortgage repayment										6,400
Reserves						33,750
TOTAL CONFERENCE		CENTRE			INCOME	33,750				64„000
	Preschool			Contribution		2,500				2,500
		Total Contribution				36,250				66,500
						165,000				165,000

	Statement o	fF	inancial Acti	viti	es for the Ye	ar Ended 31	December 2020
					D~it d	General	2020	2019
Notes					Funds	Fund	Total	Total
							E
	INCOME AND ENDOWMENTS FRO			M:
	Donations and legacies
	Offering					120,789	120,789	116,028
	Gilt Aid —Individuals					26,150	26,150	23,105
	New Life Conference	Centre Ltd				46,902	46,902	69,137
	Charitable activities
	Community Impact				209,295		209495	18,051
	Pre-School				130,559		130,559	125,066
	Ministries				162,380		162,380	3,989
	Personal Missions				7,138		7,138	10,068
	HMRC IRS Grant					2,863	2,863
	Other Income					98	98	329
	Investment Income:	Interest				83	89	198
	EXPENDITURE ON
	Charitable Activities
	Missionary Donations				21,475		21,475	23,281
	Pre-School Expenditure				122,320		122,320	123,534
	Community Impact				231,096		231,096	16,033
	Ministries Expenditure				4/33		4/33	4,320
	Personal Missions				7,122		7,122	9,916
	Helps Expenditure Pastoral k, Fellowship		Costs		1/25	17,707	1@25 17,707	1,155 58,096
	Premises Running Costs					~18325	~18325	22 565
					3879571	36,032	423,603	258,900
	Other expenditure					~118155	~118155	88 605
	TOTAL
	Net income/(expenditure)				121,807	42,698	164,505	18,466
	Transfers between funds				2~9601	29601
	NET INCOMING RESOURCES
	Being:
	Net Movement in Funds				151,408	13,097	164,505	18,466
	Fund Balances brought forward
	At 1January 2020				~222 958	~1156449	~179407	I 360941
	Fund Balances Carried Forward
	At 31December 2020

					2020		2019
PRE-SCHOOL EXPENDITURE				ESIGNATED	EXPENDITURE
StaffCosts					115,765		113,835
Refreshments					397		738
Activities Other Expenses including		Depreciation			2/45 ~3913		4,054 4 907
PASTORAL AND FELLOWSHIP COSTS
Ministry Costs					12,112		48,315
Children and Youth Work					1,645		2,108
Visiting Speakers					I/50		2,825
AV Production					1,581		1,091
Other					318		2,796
Depreciation					801		961
OTHER COSTS
StaffCosts					94,600		59,421
Office Costs					16,522		21,165
Independent Examiners'		Fees			1,861		1,861
Depreciation					5,172		5,992
Loss/ (Profit) on disposal		ofFixed Assets					166
TOTAL RESOURCES		EXPENDED
			Staff		Other	Total	Total
			Costs	~De n	Costs	2020	2019
				f.
Missionary Donations					21,475	21,475	23,281
Pre-School Expenditure			115,765	458	6,097	122/20	123,534
Community Impact Expenditure			20,569		210,527	2311096	16,033
Ministries Expenditure					4,233	4433	4,320
Helps Expenditure					1/25	1,325	1,155
Personal Missions					7,122	7,122	9,916
Pastoral dt Fellowship	Costs		12,112	801	4,794	17,707	58,096
Premises Running Costs					18,325	18,325	22,565
Other Costs			~94 600	~5172	~18383	~118155	88 605

TOTAL RESOURC	ES EXPE	NDED CO	NT.
				2020					2019
				f					f
Staff Costs
Wages and Salaries				229/15					213,633
Social Security Costs				9476					9,619
Pension Contributions				~4555					3	947
No Employees earned	f60,000	pa or more.
Employee numbers	analysed	by function	were:	No					No
Pre-School Staff				12						12
Church Staff				8						6
TANGIBLE FIXEDASSETS
		Freehold ~Pro er	Solar P~ PI f	PA/Music E~Eit E~	Office Pit	Pre-School ~EE t t f				Totalf
Cost
At 1 January 2020		904,394	51,870	19,765	34,804		20/30		1,031,063
Additions				3,799						3,799
Disposals
At 31 December 2020
Depreciation
At 1 January 2020			10,375	16,881	29,787		18,401			75,444
Charge for the Year			2,593	801	2,579			458		6,431
On disposals
At 31December 2020
Net BookValue at31.12.20
Net book Value at31.12.19

							2020	2019	2019
								f,
	Unquoted Investment —At Cost
	New Life Conference Centre Ltd
	The charity owns the whole ofthe			issued share	capital ofNew Life Conference			Centre Ltd, being
	ordinary share of81 each issued at par.
	The financial results were as follows:
	Summary Profit	and Loss Account:
	Turllover					97,294		204,	139
	Costs					(109/47)		(139,931)
	Interest Received						10		29
	Other Operating	Income				~55	98
	Operating Profit					43/55		64,237
	Gift to New Life	Church Ministries	(Sleaford)			~46	02	69087
	Profit/(Loss) for	the Year
	The shareholders'	funds at the end ofthe year were:
10.	DEBTORS
	Other Debtors
11.	CREDITORS - Amounts fallin			due within	one	ear
	Bank Loan (secured)					6,759		6,759
	Other Creditors					~1794		1 794

The balance	sheet shows capital amounts	due for payment	due for payment	within	one year and more than one year.	one year and more than one year.
The mortgage	is secured on the property at	Mareham	Lane,	and falls	due for payment	as follows;
				2020		2019
within one year				6,759		6,759
between one	year and two years			6,759		6,759
between two	years and five years			20477		20,277
more than five years				~64658		71417

				Transfers	Transfers
		Balance	at	Ltto//ffrroomm(tto//ffrrocm mInvestment				Balance at
		01.01.20	Income	Other Funds	Gen Fund	Gain	UtiTised	31.12.2020
Missionary	Fund	24,425	6	(500)	20,738		21,475	23,194
Community	Impact	117,466	209495		10463		231)096	106)028
Pre-School		60,616	130,559		(2,500)		122,320	66,355
Ministries	Fund	15,992	162)380				4,233	174,139
Personal Missions Helps Fund		2,613 ~1846	7)138		1000		7,122 ~1325	2,629 ~2021