REGISTERED COMPANY NUMBER: (England and Wales) REGISTERED CHARITY NUMBER: 1161626
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
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 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 9 |
| Detailed Statement of Financial Activities | 10 | to | 11 |
NEW DIRECTION CHRISTIAN FELLOWSHIP
REPORT OF THE TRUSTEES for the Year Ended 31 March 2023
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 2023. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).
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.
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
Approved by order of the board of trustees on 14 June 2023 and signed on its behalf by:
M Daley - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW DIRECTION CHRISTIAN FELLOWSHIP
Independent examiner's report to the trustees of New Direction Christian Fellowship ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its 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 ('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 Section 145 of the Charities Act 2011 ('the 2011 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.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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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 (FRS 102)).
I have no concerns and have come across no other matters 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.
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 2023
| 2023 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 55,336 Investment income 2 1,669 Total 57,005 EXPENDITURE ON Raising funds 3 15,888 NET INCOME 41,117 RECONCILIATION OF FUNDS Total funds brought forward 339,307 TOTAL FUNDS CARRIED FORWARD 380,424 |
2022 Total funds £ 53,820 104 |
|---|---|
| 53,924 | |
| 14,336 | |
| 39,588 299,719 |
|
| 339,307 |
The notes form part of these financial statements
Page 3
NEW DIRECTION CHRISTIAN FELLOWSHIP
BALANCE SHEET 31 March 2023
| 2023 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 3,725 CURRENT ASSETS Debtors 8 3,800 Cash at bank and in hand 9 374,499 378,299 CREDITORS Amounts falling due within one year 10 (1,600) NET CURRENT ASSETS 376,699 TOTAL ASSETS LESS CURRENT LIABILITIES 380,424 NET ASSETS 380,424 FUNDS 11 Unrestricted funds 380,424 TOTAL FUNDS 380,424 |
2022 Total funds £ 3,249 4,800 332,618 337,418 (1,360) 336,058 339,307 339,307 339,307 339,307 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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
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(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 provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 14 June 2023 and were signed on its behalf by:
M Daley - Trustee
The notes form part of these financial statements
Page 4
NEW DIRECTION CHRISTIAN FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Sundry receipts | 549 | - |
| Deposit account interest | 1,120 | 104 |
| 1,669 | 104 |
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continued...
NEW DIRECTION CHRISTIAN FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
3. RAISING FUNDS
Raising donations and legacies
| Rent Insurance Telephone Postage and stationery Sundries Gifts and donations Support costs NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Rent |
2023 £ 8,745 275 334 55 47 3,819 2,613 15,888 2023 £ - 8,745 |
2022 £ 6,121 498 223 39 349 3,014 4,079 |
|---|---|---|
| 14,323 | ||
| 2022 £ 3,512 6,121 |
4. NET INCOME/(EXPENDITURE)
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 53,820 |
| Investment income | 104 |
| Total | 53,924 |
| EXPENDITURE ON | |
| Raising funds | 14,336 |
| NET INCOME | 39,588 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 299,719 |
Page 6
continued...
NEW DIRECTION CHRISTIAN FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| TOTAL FUNDS CARRIED FORWARD 7. TANGIBLE FIXED ASSETS Fixtures Music and equipments fittings £ £ COST At 1 April 2022 and 31 March 2023 4,569 2,417 DEPRECIATION At 1 April 2022 and 31 March 2023 2,001 1,313 NET BOOK VALUE At 31 March 2023 2,568 1,104 At 31 March 2022 2,568 1,104 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 9. CASH AT BANK AND IN HAND Cash in hand Bank account no. 1 Bank deposit account Total |
Computer equipment £ 689 636 53 53 2023 £ 3,800 2023 Total funds £ 7 48,281 326,211 374,499 |
Unrestricted fund £ 339,307 Totals £ 7,675 3,950 3,725 3,725 2022 £ 4,800 2022 Total funds £ 27 36,164 296,427 332,618 |
|---|---|---|
continued...
Page 7
NEW DIRECTION CHRISTIAN FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accrued expenses 11. MOVEMENT IN FUNDS At 1.4.22 £ Unrestricted funds General fund 339,307 TOTAL FUNDS 339,307 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 57,005 TOTAL FUNDS 57,005 Comparatives for movement in funds At 1.4.21 £ Unrestricted funds General fund 299,719 TOTAL FUNDS 299,719 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 53,924 TOTAL FUNDS 53,924 |
2023 2022 £ £ 1,600 1,360 Net movement At in funds 31.3.23 £ £ 41,117 380,424 41,117 380,424 Resources Movement expended in funds £ £ (15,888) 41,117 (15,888) 41,117 Net movement At in funds 31.3.22 £ £ 39,588 339,307 39,588 339,307 Resources Movement expended in funds £ £ (14,336) 39,588 (14,336) 39,588 |
|---|---|
continued...
Page 8
NEW DIRECTION CHRISTIAN FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.21 £ 299,719 299,719 |
Net movement in funds £ 80,705 80,705 |
At 31.3.23 £ 380,424 |
|---|---|---|---|
| 380,424 |
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 | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 110,929 | (30,224) | 80,705 |
| TOTAL FUNDS | 110,929 | (30,224) | 80,705 |
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
Page 9
NEW DIRECTION CHRISTIAN FELLOWSHIP
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Tithes and Offerings | 55,331 | 53,345 |
| Donations | 5 | 475 |
| 55,336 | 53,820 | |
| Investment income | ||
| Sundry receipts | 549 | - |
| Deposit account interest | 1,120 | 104 |
| 1,669 | 104 | |
| Total incoming resources | 57,005 | 53,924 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Rent | 8,745 | 6,121 |
| Insurance | 275 | 498 |
| Telephone | 334 | 223 |
| Postage and stationery | 55 | 39 |
| Sundries | 47 | 349 |
| Gifts and donations | 3,819 | 3,014 |
| 13,275 | 10,244 | |
| Other trading activities | ||
| Bank interest | - | 13 |
| Support costs | ||
| Management | ||
| Repairs and renewals | - | 5 |
| Human resources | ||
| Catering | 100 | 247 |
| Other | ||
| Travelling | 115 | 1,123 |
| Plant and machinery | 286 | 304 |
| Fixtures and fittings | 135 | 180 |
| Computer equipment | 17 | 40 |
| 553 | 1,647 | |
| Governance costs | ||
| Accountancy | 1,960 | 2,080 |
| Carried forward | 1,960 | 2,080 |
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 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Governance costs | ||
| Brought forward | 1,960 | 2,080 |
| Legal &Professional fees | - | 100 |
| 1,960 | 2,180 | |
| Total resources expended | 15,888 | 14,336 |
| Net income | 41,117 | 39,588 |
This page does not form part of the statutory financial statements
Page 11