NEW HORIZON AOG CHURCH A Charitable Company Limited by Guarantee TRUSTEES, REPORT AND FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CHARITY NO: 1156071 COMPANY NUMBER: 08676792
NEW HORIZON AOG CHURCH A Charitable Company Limited by Guarantee Company Number: 08676792 DIRECTORS) REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Directors are pleased to present their annual report and financial statements for the Year ended 31 March 2024 which are also prePad to meet the requirements for a Directors, Report and accounts for Companies Act purposes, the financial statem¢nts comply with the Charities Act 201 I, the Companies Act 2006, the Memorandum and Articles of Association, 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 (FRS102) (effective I January 2019). Senior Ministers Report With the approval of the Church Directors. I was given a sabbatical from the church from 22 May to the 6 August 2023. Most Christian denominations, including Assemblies of God, recommend their Senioi. Ministers take a sabbatical every 7 years. This enabled me to spend pi'ecious time with my wife and family. l am very grateful to have been given the opportunity to do this and my thanks go out to the Church Directors and staff who took on the extra work requtred during this time. Our plan over the next 12 months is to have a time of settling down and settling in. l am very conscious that covid detrimentally impacted th¢ momentum of the charity shortly after moving into the expanded premises we now use for our activities. This was an unsettling time for everyone, and we now need a time of stability for the church. Our Coffee House is now open 3 days a week and we are starting to see an increase in people from our community using the facility. The building is also being used by local community groups, perforniing arts groups, the NHS and education. The extra room we now have available, for our growing Kids Church on a Sunday morning, is also a very us¢ful space for the church and our community. Our pastoral care team continue to care for those in need in the church and in our community. Our Parish Nursing Ministy enable5 the church to build links with community groups and giv¢s care to vulnerdble groups. The church has given generously to nations who have expeTienced conflict aT]d natural disasters. We have also SUPPOrted Christian organisations and individuals, and globally in areas of church planting and orphan care. We are thankful to our volunteers and those involved in the community and missions work for the giving of their time to the work of the church. We are also grateful to the generosity of the people who attend New Horizon Church which enables the church to outwork the objectives of the charity and to impact our local community. Signed Andy Dilnot Senior Pastor of New Horizon AOG chUh
NEW HORIZON AOG CHURCH A Charitable Company Limited by Cu2r2nt¢e Company Number: 08676792 DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Objeets and Activities for Public Benefit The activities of the church involve the promotion of our beliefs and reaching out to our community and beyond, providing care and sharing our faith. The charity is dependent on offerings received from its Congregation and donations made. Many of the weekly activities are run by volunteers who are members of the church, and without their commitment given as volunteers the church would not function effectively. The Directors believe that the services that are offered to the public by th¢ New Horizon AOG Church make available access to all either as part of the congregation or the local community and as such believe this is a benefit to the whole community. The Directors of New Horizon AOG Church confinn that they have regard for the Charity Commissions guidance on public benefit and believe they have complied with their duties under Section 17(5) of the 2011 Charilies Act with regard to public benefit. Aims To run Sunday church Services, to engage in community outreach and events to support overseas mission, to run acttvities for children and young people, and provide pastoral care. A community hub has been created through the running of the Coffee House in tlie Church facilities for individuals in the local community in the Nottinghamshire and Derbyshire area to come and meet other people. A hievements and Performanee Structure: . No changes to the governance structure of the church were made between l April 2023 and 31 March 2024. Vision". We exist to influence people, culture, communities and nations with the love of Jesus to create a better future for everyone. The vision of New Horizon Church is: . To meet the object of the charity. To encourdge the congregation to serve the community. To make a positive transforniative difference to the community we s¢rve. Resignations during the financi81 year: Christopher Eric Dilnot- 28 April 2024 Appointments during the financial year: _ Simon David Salloway- 28 April 2024
NEW HORIZON AOG CHURCH A Charitable Company Limited by Guarantee Company Number: 08676792 DIREcfoRS' REPORT FOR THE YEAR ENDED 31 MARCH 2024 Leadership: _ We were privileged and honoured to have Mark Ritchie, Jo Read, David Taylor from Columbia, Mr Michael Goheen. Reverend David Stephenson, Steve Bell and Paul Moores from Wycliffe Bible Translators as guest speakers over the 12- month period and a150 helped to cover our Senior Pastor's sabbatical. A group of 24 adults attended the Audaciou5 Culture Summit in Manchester which included the pastors, directors, finance team, Itfe group leaders and core team. Departments: _ Youth - New Horizon Church offers a holistic programme for young p¢opl¢. which aims to grow and guide them in their everyday Challenges. The suinmer camp was Pivotal in boosting confidence and fostering r¢lationships with God and among pe¢rs. One of the primary goals is to forni a Youth band and encourdge more young people to learn instruments for worship. Young Adults- The young adults aged 17-27 programme is a holistic programme focussed on Life Groups, social mentoring and teaching the Word of God. This gives guidance and help to the young adults to find the call of God for their lives. The young adult group is still in the growth phase. Men's breakfasts have been held throughout the year. Shine Women's events have been held during the year. Life Groups- We Tun a mid-week life group that creates an extra care support. Our Teaching and Missions Pastor plans the discussions for the evening5. We have studied books in the Bible and held socials. Tots Playgroup- This is held on a Wednesday during tenn time and is an outreach to th¢ community wher¢ families with children aged 04 years old can come and interact and socialise. We PTovide age-appropriate toys, craft, snacks. juice and singing songs. We fr¢quently have the church parish nurse to hand and our coffee house is open for families to enjoy. We cUentlY have 143 children registered. Prayer Meetings- The meetings are held on a Tuesday morning, and we have seen a steady increase in the number of people attending. Baby Dedications - 3 children have been dedicated, Baptisms - 20 people have been baptised. Kids church ministy- We offer a service for children aged 3- 1 l years old. Sharing the bible and teaching the children all about Jesus using our online subscription resource 'energise' We Currently have 61 children registered.
NEW HORIZON AOG CHURCH A Charltable Company Limited by Guarantee Company Number: 08676792 DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Créche - Each Sunday we provid¢ appropriate toys for children aged 0-3-yeai-old5 With the Sunday service on live-link for families to enjoy. We offeT a seivi¢e to care for children aged 1- 3-year-olds with weekly themed activities. We cuentlY have l O children registered. Parish Nursing - Our parish nurse supports people in our community towards whole person healthcare which includes spiritual, physical, mental and social aspects of health. Our Parish Nurse has contact with local GP surgeries, local food banks and vuln¢rable groups in our community. New Horizon Church was involved in the following activities during the year: . Music morning held for 6-t0 I l-year-olds. We have giv¢n finance to two local schools in our community to help families purchase school unifom5. Easter Eggs were collected and distributed to local community organisations. We engaged in the Christmas shoe box appeal organised by Samaritan's Purse. A free Kids Superhero light party was held as an alternative to a Hallowe¢n party for primary aged school children. Halo Coffee house has now been opened from 2 to 3 days a week Hope Horizon Counselling Services has been launched We have held Community Family Days. The local churches took part in a week of prayer. Mind Well Café is held in our upstairs Coffee House. This is an activity of a local charity. An Alpha Course was held with 40 people attending. A Legacy Weekend was held with 24 hours of fasting124 hours of prayer A new ministry began in March serving people with special needs and their carers in our local community. This was organised by our Parish Nuise. Boxes of items were provided to the local residents who had been affected by the floods. Free food, drinks and a warni space with practical help were also provided. Christmas hampers were given to a local women's project that supports local families in need to help. Easter 2024- the church took part in the Walk of Witness in Eastwood. We also held an evening service on Good Friday. Annual Celebration - our Annual Celebration meeting was held on the 14 June 2024. Pastordl care - This ministry is led by a paid minister. The pastoral care of the Church is given by the pastoral t¢am and the life group leaders.
NEW HORIZON AOG CHURCH A Charitable Company Limited by Guarantee Company Iyumber: 08676792 DIREcfoRS' REPORT FOR THE YEAR ENDED 31 MARCH 2024 Missions Balkans Area We support a family who plants churches in the Balkans. Orphans in Africa (Zimbabwe) We continue to support Oryhans in Africa, who run an orphanage in Chinhoyi Zimbabwe. We have had a link with The Good Sh¢pherd Centre for many years and feel tt is a great privilege to support the many children who live at the centre. The financial support we provide is used to pay for the general day to day care of the orphans. Loxley Ford (Southern Africa) Loxley is an AOG missionary who serves in this region and provides Christian literature and support to local churches. Luke Tomlinson From September we will be supporting Luk¢, a member of our congregation, as h¢ serves as UK Coordinator for the How To Life Movement. He will be based in London. Volunteers At present we have 115 adult volunteers and 13 under 18's serving on teams. Flnancial Revlew The attached Financial Statements show the current state of the finances of the Charity. At the year end. New Horizon AOG Church had unrestricted funds totalling £602,141 (including fixed assets of £384,934) and restricted funds totalling £2,638 having received income of £306,697 in the year and spent £286,258. The actual cash reserves held now total £169,109 (2023.. £136,03 8). Investment Polic As a charity we do not have an investment committee or investsnent manager.
NEW HORIZON AOG CHURCH A CharitY4ble Company Limited by Guarantee Company Number: 08676792 DIRECTORS, REPORT FOR THE YEAR EIYDED 31 MARCH 2024 Reserves Polic The reserves Consist of restricted and unrestricted funds as shown on the balance sheet. The aim is to have funds available to cov¢r future running Costs with the optimal level of funds to hold in cash at any point in time is £10,000 in the current account and £40,000 on deposit with Kingdom Bank. A good reserve has been built up and this is intended to be used to rent further space if this becomes available in the future and at a price we can afford. Future Plans To hold a Freedom in Christ discipleship course. To hold a coininunity outreaeh which will include a Fainily Fun Day. To hold acoustic and quiz nights in our Coffee House. Timothy Chamanga will be visiting us in summer 2024. He oversees and runs the Good Shepherd Orphanage that we support in Chinhoyi Zimbabwe. A short-terni mission teams are being arranged for a small team to visit the Good Shepherd (hphanage. Our Parish Nurse is holding workshops on key health issues, general health, befriending training and creating a new initiative for community walking groups Children are being offered a meal for £1 in the Coffee House during the summer school holidays. A day-time bible study is planned to help people understand the Bible. A student frorn the International Bible Training College will be visiting the church on a 6-we¢k internship.
NEW HORIZON AOG CHURCH A Charitable Company Limited by Guarantee Company Number: 08676792 REFERENCE AND ADMINISTRATIVE INFORMATION CHARITY DIRECTORS Dr Leigh Goodwin Carol Dennis Lydia Krzeminski Simon David Salloway (Appointed 28.4.24) Chris Dilnot (Resigned 28.4.24) MINISTERS OF THE CHURCH & DIRECTORS (Responsible for day-to-day activities) Andrew Dilnot COMPANY SECRETARY Carol Dennis PRINCIPAL ADDRESS New Horizon AOG Church Unit I Linkniel Road Eastwood Nottingham NG16 3RZ WEBSITE www.n¢whorizonchurch.or REGISTERED CHARITY NUMBER 1156071 INDEPENDENT EXAMINER Mr James Liptrott FCA Haines Watts Cliffe Hill House 22-26 Nottingham Road Stapleford Nottingham NG9 8AA BANKERS Natwest PIC Ilkeston Branch 42 Bath Street Ilkeston Derby DE7 8HF SOLICITORS Geldards Solicitors
NEW HORIZON AOG CHURCH A Charitable Company Llmited by Guarantee Company Number: 08676792 DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Structure Governance and Mana ement New Horizon AOG Church is a registered charity (number 1156071) and is governed by a trnst deed dated 27 August 2013. This is based on the model deed as adopt¢d by Assemblies of God incorporated for churches wtthin its denomlnation. The organisation is a company limited by guarante¢ not having a Share capital and has obtained exemption within the Companies Act to dispense with the word Limited as pait of th¢ company natne. The Directors meet on a regular basis where decisions are made in relation to all aspect of church life and dev¢lopm¢nt. Related Partles New Horizon AOG Church is a member of the Assemblies of God churches nationally. There are no other related paty transactions. Risk Mana ement A Risk Management Policy is held, and this 15 reviewed on an annual basis. tatement ofDirectors' Res onsibilities Company Law requires the Directors to be responsible for preparinq the Annual Report and the financial statements in accordance with applicable law and regulations. Th¢ Directors are required to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards) and applicable law. The financial ststements are required by law to give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources of the charity for that pertod. In preparing these financial statements, the Directors should follow best practice and.. select suitable accounting policies and then apply them consistently> observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent. state whether applicable UK accounting standards have b¢en followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unle55 it is inappropriate to presume that the charity will ontinue tn business. The Directors are responsible for keeping proper and accounting records that disclose with r¢asonable accuracy al any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the applicable law, regulations and the trust deed. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The DirectOTS are responsible for the maintenance and integrity of the coOrate and financial inforniation included on the chaTity's website. Legislation in the United Kingdoin governing preparation and dissemtnation of financial statements may differ from legislation in other jurisdictions.
NEW HORIZON AOG CHURCH A Charitable Company Limited by Guarantee Company Number: 08676792 DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2024- Contillued Members of the Directors Members of the Directors who are directors for the purpose of company law and Directors for the purpose of charity law, who served during the year and up to the date of this report are set out on page 6. Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of winding up. The total number of such guarantees as at 31 March 2024 was 5 (2023.. 5). This report has been prepared in accordance with the Statement of Recommended Practice Accounting and Reporting by Charities and in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small entities. On behalf of the Directors of New Horizon AOG Church.. Signed..
NEW HORIZON AOG CHURCH A Charitable Company Limlted by Guarantee Company Number: 08676792 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW HORIZON AOG CHURCH I report on the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilities and Basis of Report As the chaTity'5 trustees of the Company (and also its directors for the putpose 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 s¢Ction 145 of the Charities Act 2011 ('the 201 l Act,). In CaIng out my examination I have followed the directions given by the Charity Commission under section 145{5Xb) of the 2011 Act. Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in Section 145 of the 2011 Act. I confirni that l am qualified to undertake the examination because l am a member of the Institute of Chartered AccountaT]ts in England and Wales, which is one of the listed bodies. Independent Examlner*5 Statement I have completed my examination. I confirn) that no matters have come to my attention in connection with the ¢xamtnation giving me cause to believe-_ l ) A¢counting 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 requirements that the accounts give a 'true and fair view, which is not a matter considered as part of an independent exaniination. 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 (FRS102)). I have no concerns and have come across no other matter5 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. Dated James trott FCA Chartered Accountant Haines Watts Cliffe Hill House 22-26 Nottingham Road Stapleford Nottingham NG9 8AA 10
NEW HORIZON AOG CHURCH STATEMENT OF FINANCIAL ACTIVITES FOR THE YEAR ENDED 31 MARCH 2024 (Including Income and Expenditure Account) Year Ended 31 Martb 2024 Unr*strieted Rc5tritt¢d FUd5 Funds 2024 2024 Y¢•r Endtd 31 M4r¢h 2023 Unrestrictcd Restricted Funds Funds 21123 202 Total Funds 21124 TotAI Funds 23 Notes INCOME In¢om¢ from Donations and t£ga¢i¢s 234,373 209 234.582 212,914 212.914 Income from Charitable A¢tivili¢s 38.770 38,770 19,801 19,801 Investment Income 3,307 3,309 816 816 Oth¢r 29.986 50 33.508 168 TOTAL INCOME 306.436 261 306.697 267 049 168 267 217 EXPENDITURE Expenditure on Charitable Adivities 285 789 469 286 258 268 521 269 521 TOTAL EXPENDITUR 285 789 469 286 258 268,521 269521 NET INCOME I (EXPENDITURE) 20,647 (208) 20,439 (1,472) (832) (2,304) TOTAL FUNDS BROUGHT FORWARD 12 584J40 584,340 586.458 186 586.644 TRANSFERS BETWEEN FUNDS (2.846) 2.846 (646) 646 TOTAL FUNDS CARRIED FORWARD 12 602 141 604 779 584.340 584340 The statement of fmancial activities includes all gains and losses in the year. All incoming resources, and resources expended derive from continuing activities.
NEW HORIZON AOG CHURCH BALANCE SHEET AS AT 31 MARCH 2024 Notes 31.03.24 31.03.23 FIXED ASSETS 384,934 412,162 CURRENT ASSETS Debtors Kingdom Bank Savings Account Cash at bank and in hand 28.253 45,359 169 109 242 721 21,426 35.010 136038 192 474 reditors: Amounts fallin due in one Sundry Creditors io NET CURRENT ASSETS 219,845 172.178 TOTAL NET ASSETS 604 779 584 340 TOTAL FUNDS OF THE CHARITY:_ Restricted Funds 13 2,638 Unrestricted Funds 602 141 584 340 Total Charity Funds 12 604 779 584 340 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2024, The members have not required the charitable company to obtain an audit of its financial ststements for the year ended 31 March 2024 in a¢¢ordan¢e with Section 476 of the Compani¢s Act 2006. The trustees acknowledge their responsibilities for:. (a) Ensuring that th¢ charitable company keeps accounting records that comply with Sections 386 and 387 of the Companles Act 2006 and (b) Preparing financial statements which give a true and fair view of the statement 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. These financial statements have been prepared in accordance with the special provisÉons of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller Entities (Issued January 2022). The financial statements were approved by the Board of Trustees on . by: and were signed on its behalf The notes forni part of these financial statements 12
NEW HORIZON AOG CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting Polieies The principal accounting policies are summarised below. Th¢ accounting policies have been applied con51Stently throughout the period. Basis of Preparation The financial statements have been in accordance with the Accounting and Reporting by Charities. Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRSI 02) (effective l January 2019) - (Charities SORP (FRS102)), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006. Assets and liabilities are initially recogni5ed at historical cost or transaction value unless otherwise stated in the relevant accounting policy not¢(s). New Horizon AOG Church meets the definition of a publtc benefit entity under FRS 102. Goin Concern The Tn]st¢es consider there are no material uncertainties about the Charity's ability to continue as a going concern. The accounts ar¢ presented in Sfrrling £1. Ineomin Resourees These are accounted for on a receivable puryose in the period to which they relate. Incoming resources from tax reclaim ar¢ included in the SOFA at the same time as the gift to which they relate. Any known incoming resources yet to be received relating to the period before the year end date are included as debtors. Volunteer Hel The value of any voluntary help receTved is not included in the accounts but is described in the Trustee's Annual Report. Inv stment Income This is included in the accounts when receivable. Donated Servlces gnd Facilftles Donated services or facilities are recognised as income when the charity has control over the item, any condition5 associat¢d with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic beneftt can be measured reliably. On receipt, donated services and facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market. a corresponding amount is then recognised in expenditure in the period of receipt enditur¢ and Liabilities and Irreeoverable VAT Liabili Reco niti Liabilities are recognised as soon as there is a legal or constructive obligation committing the Charity to pay out resources. Liabilities recognised as due at the year end date but at that point not paid are included as creditors. raisin Costs Fundraising costs comprise the costs of putting on events. Charitable Activities Charitable expenditure comprises those costs incurred by the Charity in the delivery of its objectives. All costs are allocated directly. ort Costs Includes cost of the preparation and examination of statutory accounts, and the cost of any legal advice to the TTUStees on govemance matters 13
NEW HORIZON AOG CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024- Continued Tan ible Fixed Assets On 17 December 2017 the Charity commenced a fifteen year lease on premises which require development to operate as a church. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulat¢d depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairnient losses. Improvement to leasehold property Plant and Equipment Computer Equipment Fixtures & Fittings 50/0 on Cost 70/0 on cost 330/0 on cost 150/0 on cost Fund Acco in Unrestricted Funds Uni-estricted funds are donations and other incomtng resources receivable or generat¢d for the objects of the Charity without further specified purpose and are available as general funds. si nated Funds Designated funds are unrestricted funds earmarked by the Management Committee for particular purposes. R tricted Funds Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure, which meets these criteri4 is charged to the fund, together with a fair allocation of managem¢nt and support costs. Lease Commitment L¢as¢ payments are charged to the statement of financial activities as incurred. Limited b Guarantee The charity is limited by guarantee in the event of it being wound up, every member is liable to contribute a sum not exceeding £ I, There are no shares of any class either authorised or allocated. Debtors Debtors are r¢cognis¢d at the settlement amount owed to the Charity or prepaid. Creditor5 Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party. and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally r¢cognised at their settlement amount. Finanelal Instruments The Charity has financial assets and financial liabilities of a kind that qualify as basic financial instrnments. Basic financial instruments are initially recognised at transaction valu¢ and subsequently measured at their settlement value. Taxation The charity is exempt from tax on its charitable activities. The charity also rents its rooms to other local children's activities which satisfy the objectives of th¢ charity. The trustees have reviewed the charity's trading activities and are confident that they further the charity's aims and, as such, are considered to be primary purpose trading. Pensions The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an indep¢nd¢ntly administered flmd. Contributions payable for the year are shown in the fmancial statements. 14
NEW HORIZON AOG CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024- Continued Year Ended 31.3.24 Total Year Ended 31.3.23 Total 2. Anal sis of Income Unrestricted Restricted Income from Donations and Legacies Offerings and Gift Aid income Building Fund Monies Missionary Gifts 214,299 7,167 214.299 7,376 202,568 5,160 209 234 373 £ 209 £ 234 582 £ 212 924 Income from Charitable Activities Coffee House Youth Camp5 and Youth Club Sliine Ladies Conference Tots School of Music 30,757 3,996 30,757 3,996 16,069 1,657 2,091 2,091 2,075 38770 £ 38,770 £ Total 2024 Total 2023 3. Anal sis of Resource Unrestrieted Restricted Charitable Activities Allocation of Special Church Offerings AOG Contribution Salaries Rent and Landlords Costs Utilities and General Maintenance Coffee House Costs Heat and Light Repairs and Equipment Maintenance Telephone and Broadband Office Use, Printing, Postage and Stationery IT and Website Costs Licences and Insurance Mission, Gifts and Sponsorship (see note 7) Youth Work and Kids Church Miscellaneous Costs Training Costs Events Resource Table Costs Advertisfftng and Marketing Depreciation Improvement to Property Plant and Equipment Computer Equipment Fixtures & Fittings 3,000 97.229 43,401 14,892 25,742 19,275 3.666 2.062 3,000 97,229 43,401 14,892 25.742 19,275 3,666 2,062 3,000 94.826 43.000 14,290 13,398 17,628 12,284 1,735 3.116 383 7,445 14,130 4.313 1.467 3,021 250 3,116 383 7,445 14,130 4,313 1,936 3,021 250 3,080 284 6,722 9,473 3,424 3,486 1,322 3,763 469 2,158 23,741 5,894 165 42 1.689 3,543 2,158 23,741 5,894 165 42 1,689 3,543 1,958 23.741 5,772 Room Hire Costs School of Music Costs 797 Support Costs Loan Interest Team Building and Pastoral Bank Chargesl World Pay Costs Consultancy Fees Payroll Costs Independent Accountants Fees ,043 1,434 1,043 1.434 1,094 1,540 804 804 876 285 789 £ 469 £ 286 258 £ 269 521
NEW HORJZON AOG CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024- Continued alaries and Ex enses Key employees Andrew Dilnot, a minister and Trust¢e was paid a gross salary of £43,562. Leigh Goodwin a leader, Missions pastor and trustee was paid a gross salary of £23,784. This is allowed in the constitution which has received Charity Commission approval. There are no employees earning more than £60.000. Included in ministy and general expenses are staff costs as follows... Year Ended 31.3.24 Year Ended 31.3. Salaries (includes ERS NIC of £1,285) Pension Contributions Staff Expenses (including travel and working from home costs) 90,614 3,734 89.138 3,868 The av¢rag¢ number of employees during the year was 5 (2023: 5). S. Tru ¢ns¢s Expenses w¢re paid to the following trustees'.- 2024 2023 A Dilnot- L Goodwtn - Travel and working from home costs Travel costs 674 112 765 92 Aggregate TTUStee giving totall¢d £16,280 (2023: £15,593) 6. Fees for examination ofthe accounts 2024 2023 Independent Examiner's fees for reporting on the accounts 794 7. Mission Gifts and S onsorshi 2024 023 Ukraine Donation Light of the Gospel Ministries, Serbia World Ministries- Edward and Rachel Issitt Orphans in Africa Ministry Gifts Nursing Youth Cyprus MÉssion Turkey & Syria Outreach Life Groups Guest Speakers Lent Projects Giftsl Costs 250 1.040 2,000 850 1,649 1,252 4,684 600 1.796 670 2,332 1.523 1262 50 468 21 300 743 14 130 £ 16
NEW HORIZON AOC CHURCH NOTES TO THE FIIYANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024- Continued 8. Fixed Assets Office ui Fixture5 & Fittin Plant & Leasehold rovements Total Cost as at l March 2023 Additions in the Year 88,572 474,812 563,384 500 500 280 280 474 812 565 998 Depreciation as at l March 2023 Depreciation charg¢ for the year 27,804 123,418 151,222 165 165 42 42 147 159 181064 Net Book Value at 31 March 2024 Net Book Value at 31 March 2023 335 238 327 653 384 934 351394 412 162 9. Debtors and Pre ments 2024 2023 Rent in Advance Gift Aid Other Debtors 10,615 7,586 9,516 4,939 28253 £ 10. Creditors and Accruals 2024 2023 Accruals Other Creditors 3,790 3,789 22876 £ 11. Finaneial Commitment Unit l Linkmel Road Eastwood Nottin ham NG16 3RZ- A new lease commenced on 19 December 2017 for a period of15 years the terni being as follows:. £40,000 - years I to 3 per annum £43,000- years 4 to 6 per annum £46,000 - per annum-for the remainder of the tern] 12. Ana sis of Net Assets between Funds Unrestricted Restricted Total Tangible Fixed Assets Current Assets Liabillties 384,934 240,083 (22,876) 384.934 242,721 (22,876) 2,638 Net Assets at 31 March 2024 602 141 604 779 17
NEW HORIZON AOG CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 - Continued sis of Net Assets between Funds Unrestrieted Restricted Totsl Tangible Fixed Assets Current Assets Liabilities 412,162 192,474 (20,296) 412,162 192.474 (20,296) et Assets at 31 March 2023 584 340 584 340 13. Movement in Funds At At 31 March 2024 Incoming Resources Outgoing Expenses Transfer March 2023 Restricted Funds School Unifornis Legacy Account donations Interest on Legacy Account 50 209 (469) 419 2,427 2,636 469 2.846 2.638 Purpose ofRestricted Funds chool Uniforms Amounts given specifically to use for the purchase of school uniforms. ac Account Donations Donations accumulated for the purchase of th¢ church pr¢mis¢s at le&se cessation. Interest on Le Account ac Interest accrued on the Legacy bank account to ass15t the purchase of the chUh premises once the existing lease period has ceased. Sufficient resources are held An an appropriate fonn to enable each fund to be applied An accordance with any r¢strictions. 14. Related Parties New Horizon AOG Church is a member of the Assemblies of God churches and pay an annual fee to them of £3,000 (2023.. £3,000). Spouses of one m¢mb¢rs of the Board of Trustees are paid employees of the charity, th¢ total gross pay in the year was £12,409 (2023,. £10.351)- There are no other related party transactions. 15. Taxation The charity is exempt from Corporation Tax oll its charitable activities. The Irustees have reviewed the churches activities and are confident that they fulfil charitable aim5 and they are consider¢d primary purpose. 18
NEW HORIZON AOG CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 - Continued 16. Trustee Indemni Insurance The Trustees hold indemnity cover which is paid for within the general insurance cover to cover a rnaximum claim of £250,000. 17. Pension Commitmen The charity operates a defined contribution pension scheme. The assets are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £3,734 (2023.. £3,868) an amount of £nil (2023.. £nil) was owing to the scheme at the 31 March 2024. 19