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|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|
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|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|||
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||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||||||||
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||||||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|
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|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|
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|||||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|
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