REGISTERED COMPANY NUMBER: (England and Wales) REGISTERED CHARITY NUMBER: 1161626
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 FOR NEW DIRECTION CHRISTIAN FELLOWSHIP
Bonna & Co 591a Holly Lane Erdington Birmingham West Midlands B24 9LU
NEW DIRECTION CHRISTIAN FELLOWSHIP
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2021
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 to 5 |
| Notes to the Financial Statements | 6 to 9 |
| Detailed Statement of Financial Activities | 10 to 11 |
NEW DIRECTION CHRISTIAN FELLOWSHIP
REPORT OF THE TRUSTEES for the Year Ended 31 March 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
(England and Wales)
Registered Charity number
1161626
Registered office
61 Fox Hollies Road Walmley Sutton Coldfield West Midlands B76 2RL
Trustees
M Daley Pastor N Brown Pastor V Stewart Pastor
Company Secretary
Independent examiner
Stephen Bonna Bonna & Co 591a Holly Lane Erdington Birmingham West Midlands B24 9LU
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.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Approved by order of the board of trustees on 4 June 2021 and signed on its behalf by:
M Daley - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW DIRECTION CHRISTIAN FELLOWSHIP
I report on the accounts of the company for the year ended 31 March 2021, which are set out on pages three to nine.
Responsibilities and basis of report
As the charity's trustees (and also the 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.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independant examination, I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the 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.
My role is to state whether any material matters have come to my attention giving me cause to believe:
-
that accounting records were not kept as required by section 386 of the Companies Act 2006; or
-
that the accounts do not accord with those records; or
-
that the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the 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; or
-
that there is further information needed for a proper understanding of the accounts.
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.
Stephen Bonna Bonna & Co 591a Holly Lane Erdington Birmingham West Midlands B24 9LU
Date: .............................................
Page 2
NEW DIRECTION CHRISTIAN FELLOWSHIP
STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2021
| 2021 Unrestricted fund Notes £ INCOMING RESOURCES Incoming resources from generated funds Voluntary income 23,208 Investment income 2 387 Total incoming resources 23,595 RESOURCES EXPENDED Costs of generating funds Costs of generating voluntary income 3 6,474 NET INCOMING RESOURCES 17,121 RECONCILIATION OF FUNDS Total funds brought forward 282,118 TOTAL FUNDS CARRIED FORWARD 299,239 |
2020 Total funds £ 56,750 984 |
|---|---|
| 57,734 20,747 |
|
| 36,987 245,131 |
|
| 282,118 |
The notes form part of these financial statements
Page 3
NEW DIRECTION CHRISTIAN FELLOWSHIP
BALANCE SHEET At 31 March 2021
| 2021 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 6 3,523 CURRENT ASSETS Debtors 7 5,605 Cash at bank and in hand 8 290,771 296,376 CREDITORS Amounts falling due within one year 9 (660) NET CURRENT ASSETS 295,716 TOTAL ASSETS LESS CURRENT LIABILITIES 299,239 NET ASSETS 299,239 FUNDS 10 Unrestricted funds 299,239 TOTAL FUNDS 299,239 |
2020 Total funds £ 3,876 6,194 273,788 279,982 (1,740) 278,242 282,118 282,118 282,118 282,118 |
|---|---|
The notes form part of these financial statements
continued...
Page 4
NEW DIRECTION CHRISTIAN FELLOWSHIP
BALANCE SHEET - CONTINUED At 31 March 2021
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charitable small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The financial statements were approved by the Board of Trustees on 4 June 2021 and were signed on its behalf by:
M Daley -Trustee
The notes form part of these financial statements
Page 5
NEW DIRECTION CHRISTIAN FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
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. INVESTMENT INCOME
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Deposit account interest | 387 | 984 |
Page 6
NEW DIRECTION CHRISTIAN FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 31 March 2021
3. COSTS OF GENERATING VOLUNTARY INCOME
| Rent Insurance Telephone Postage and stationery Sundries Gifts and donations Support costs NET INCOMING/(OUTGOING) RESOURCES Net resources are stated after charging/(crediting): Depreciation - owned assets Rent |
2021 £ 2,589 248 - - 100 2,524 1,013 6,474 2021 £ 2,988 2,589 |
2020 £ 8,860 325 237 300 - 3,424 7,601 |
|---|---|---|
| 20,747 | ||
| 2020 £ 2,635 8,860 |
4. NET INCOMING/(OUTGOING) RESOURCES
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020 .
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020 .
6. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | |
|---|---|
| Plant and | |
| machinery etc | |
| £ | |
| COST | |
| At 1 April 2020 and 31 March 2021 | 6,511 |
| DEPRECIATION | |
| Charge for year | 2,988 |
| NET BOOK VALUE | |
| At 31 March 2021 | 3,523 |
| At 31 March 2020 | 6,511 |
Page 7
NEW DIRECTION CHRISTIAN FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 31 March 2021
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| £ | £ | |||
| Trade debtors | - | 89 | ||
| Other debtors | 5,605 | 6,105 | ||
| 5,605 | 6,194 | |||
| 8. | CASH AT BANK AND IN HAND | |||
| 2021 | 2020 | |||
| Total funds | Total funds | |||
| £ | £ | |||
| Cash in hand | 58 | 58 | ||
| Bank account no. 1 | 34,479 | 28,986 | ||
| Bank deposit account | 256,234 | 244,744 | ||
| Total | 290,771 | 273,788 | ||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Other creditors | 660 | 1,740 | ||
| 10. | MOVEMENT IN FUNDS | |||
| Net movement | ||||
| At 1.4.20 | in funds | At 31.3.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 282,118 | 17,121 | 299,239 | |
| TOTAL FUNDS | 282,118 | 17,121 | 299,239 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement in | ||
| resources | expended | funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 23,595 | (6,474) | 17,121 | |
| TOTAL FUNDS | 23,595 | (6,474) | 17,121 |
Page 8
NEW DIRECTION CHRISTIAN FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 31 March 2021
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Comparatives for movement in funds | |||
|---|---|---|---|
| Net movement | |||
| At 1.4.19 | in funds | At 31.3.20 | |
| £ | £ | £ | |
| Unrestricted Funds | |||
| General fund | 245,131 | 36,987 | 282,118 |
| TOTAL FUNDS | 245,131 | 36,987 | 282,118 |
| Comparative net movement in funds, included | in the above are as follows: | ||
| Incoming | Resources | Movement in | |
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 57,734 | (20,747) | 36,987 |
| TOTAL FUNDS | 57,734 | (20,747) | 36,987 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net movement | |||
|---|---|---|---|
| At 1.4.19 | in funds | At 31.3.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 245,131 | 54,108 | 299,239 |
| TOTAL FUNDS | 245,131 | 54,108 | 299,239 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement in | |
|---|---|---|---|
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 81,329 | (27,221) | 54,108 |
| TOTAL FUNDS | 81,329 | (27,221) | 54,108 |
Page 9
NEW DIRECTION CHRISTIAN FELLOWSHIP
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2021
| INCOMING RESOURCES Voluntary income Tithes and Offerings Donations Investment income Deposit account interest Total incoming resources RESOURCES EXPENDED Costs of generating voluntary income Rent Insurance Telephone Postage and stationery Sundries Gifts and donations Support costs Human resources Catering Flowers Repairs & Renewals Church conference Other Travelling Plant and machinery Fixtures and fittings Computer equipment Other 4 Accountancy Total resources expended |
2021 £ 18,406 4,802 23,208 387 23,595 2,589 248 - - 100 2,524 5,461 - - - - - - 175 128 50 353 660 6,474 |
2020 £ 50,455 6,295 |
|---|---|---|
| 56,750 984 |
||
| 57,734 8,860 325 237 300 - 3,424 |
||
| 13,146 1,534 51 57 481 |
||
| 2,123 2,979 542 172 45 |
||
| 3,738 1,740 |
||
| 20,747 |
This page does not form part of the statutory financial statements
Page 10
NEW DIRECTION CHRISTIAN FELLOWSHIP
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2021
| Net income | 2021 £ 17,121 |
2020 £ |
|---|---|---|
| 36,987 |
This page does not form part of the statutory financial statements
Page 11