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2020-12-31-accounts

Charity 1164223

Registered Charity No. 1164223

NEW LIFE PRAYER CENTRE

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

For the year ended 31 December 2020

Charity 1164223

NEW LIFE PRAYER CENTRE

Contents Pages
Charity Information 1
Report of the Trustees 2 - 6
Report of the Accountants 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10– 11

Charity 1164223

NEW LIFE PRAYER CENTRE

Charity Information For the year ended 31 March 2020

Trustees: REV.GNANIAH JEBAKUMAR.....CHAIRMAN
DR.SATISH KUMAR....SECRETARY
MS.LEELA THOMAS...TREASURER
MRS.THERESA MATILDA DRURY
Registered Office: 89 Grove Road
Houghton Regis
Dunstable
Bedfordshire
LU5 5PD
Charity Number: 1164223
Accountants: Asaph Solutions Limited
18 Belmont Road
Chesham
Bucks
HP5 2EL
Bankers: HSBC
Greenford
Middlesex
UB6 8SG

Charity 1164223

NEW LIFE PRAYER CENTRE

Report of the Trustees

For the year ended 31 December 2020

The Trustees hereby submit their annual report for the year ended 31 December 2020. The trustees have adopted the provision of the Statement of Recommended Practice (SORP) issued in 2005 in preparing the annual report and financial statements of the charity.

Objects of the Charity

The objects of the charity are as follows:

  1. The advancement of The Christian faith in the United Kingdom and abroad by the proclamation of the Gospel of Jesus Christ and the preaching of the Word of God in accordance with the Statement of Fundamental Truths of Assemblies of God in Great Britain and Northern Ireland, as approved by the General Council from time to time.

  2. To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including through the provision of counseling and support in such parts of the United Kingdom or the world as the Trustees from time to time may think fit.

  3. To advance education in such ways and in such parts of the United Kingdom or the world as the Trustees from time to time may think fit.

  4. Such other charitable purposes as shall further the attainment of the above objects of the Church.

Board of Trustees

Trustees serving in the year were: Mr G Kumar, Dr S Kumar, Ms L Thomas and Mrs T M Drury.

Trustee selection method

Trustees are selected based on their relevant skill and experience and the extent of service that they can contribute towards the charity.

Activities and achievements

The Statement of financial activities is set out on page 7 of the financial statements. A summary of other activities is set out below.

Most activities of the charity have been executed in the interest of both church members and to the wider community giving due regard to the public benefit guidance published by the charity commission.

Charity 1164223

NEW LIFE PRAYER CENTRE Report of the trustees For the year ended 31 December 2020

The life of the Church was seriously disrupted by the Covid-19 pandemic, where initially led to suspension of all in-person activities. The Trustees and Elders established a working group to consider how the Church should respond. In March 2020, all church buildings in the UK were closed due to the Coronavirus pandemic, as a result, our worship services and other meetings were held online. This included Sunday services and weekday meetings. All conferences, festivals and events were cancelled, there has been a proliferation of webinars and seminars, leading to 'Zoom-fatigue' for many leaders.

Both nationally and internationally, online prayer networks, WhatsApp groups, etc., have been very busy during the pandemic. People were looking for hope, comfort and answers at this time. These included people of faith and people who ordinarily do not pray. In the UK, one Christian bookshop reports that Bible sales have increased by 55 per cent, and Google searches for 'prayer' had skyrocketed.

A whole way of life turned upside down. Yet, the response has been extraordinary. As the challenges of the coronavirus pandemic rose, the Church also increased its offerings and activities to meet it. As darkness spread, the Church did not shrink back but instead stepped forward to shine the light of Christ.

From countering misinformation around vaccines, providing mental health support to people struggling with lockdowns, and helping meet people's most basic needs, the Church has been spreading hope and love in practical ways worldwide.

New Life Prayer Centre (NLPC) played a vital role at this difficult time, both practically and pastorally. It was the time to discern how we can be the hands of Jesus, reaching out to the most vulnerable and marginalised. We have always acknowledged the importance of helping the most vulnerable in every part of the world.

Funds were raised and sent to the northern part of India, Nigeria, and the homeless (UK) to support the families who have lost their income and loved ones. Through trusted partner churches and organisations who have shared their needs with us, we have responded to the

Charity 1164223

genuine needs of many. Christian faith compels us to take care of those immediately around us, but also to reach out to the broader world.

A global pandemic has changed the whole system in the church believer's life, and we faced grief and loss. There have been financial hardships. We have debated and argued with each other to support the vulnerable. We have faced grief and loss. There have been financial hardships and we have debated and argued with each other.

Every October as a church, we do Samaritan purses for the children in the Third World Countries. Every year the number of boxes we are sending increases and adds more value to this assignment, for which we are delighted. Over the Christmas period, we invited people from other nations such as India and the USA and organised through zoom meetings and sang carols. Fifteen bags of food had been given to the homeless when celebrating our saviour's birth and helped two more families.

NLPC holds weekly midnight prayer sessions every Friday between 10:30 p.m. and 2:30 a.m. through phone conference calls. It has been very successful, with approximately 10-12 members joining—all these types of gatherings held through zoom meetings.

Beyond supporting the needy members who come to NLPC, we have also been committed to helping other ministries and endeavours across the globe which seek to demonstrate God's love in unreached and difficult areas. NLPC supports large organisations, including Eurovision and Gospel for Asia, every month.

Volunteers

The charity is grateful for the dedication and commitment of volunteers who under the direction of the senior leader of the church perform various tasks to assist in fulfilling its objectives. We have experienced increase and growth in funds raised and this was equally matched with increase in activities and expansion. We are pleased to report that our membership has grown over the last year with increased visitor attendance at all our meetings. There has also been continued investment in the lives and ministry potential of members. Other gatherings included regular picnics and barbeques and fun days which helped to develop team effort and strengthen relationships between members. Counseling services providing advice and support to members have proven successful as several testimonials have been received from recipients.

Charity 1164223

NEW LIFE PRAYER CENTRE

Report of the Trustees (contd.) For the year ended 31 December 2020

Conclusion

The charity is in a good, stable, and positive position, with a continued and secure sense of expectation for the year ahead. For ministry, the aim is to have more of the manifestation of the power of the Holy Spirit culminating in the increased operation of the spiritual gifts and power. Emphasis will also be placed on increasing the gifts of preaching and teaching in response to members’ requests. We are very appreciative of the work of the trustees, committee members and members of this church fellowship who continue to work tirelessly throughout the year to bring this vision to fruition.

Governance and internal control

Section 132 of the Charities Act 2013 requires that the charity keep proper accounting records and to prepare accounts that accord with the accounting records and that comply with the accounting requirements of the Act. In doing so, the charity has implemented systems of internal controls to provide reasonable, but not absolute, assurance against material misstatement or loss.

These include:

Risk Management

Charity 1164223

NEW LIFE PRAYER CENTRE

Report of the Trustees (contd.) For the year ended 31 December 2020

Reserves policy

The charity is looking to implement a policy to maintain unrestricted funds at a level which equates to approximately three months of unrestricted expenditure. This will provide sufficient funds to cover management, administration and support costs.

Related Party Transactions

There were no related party transactions.

Public benefit

The Board’s strategy for achieving the objects, listed on page 2, for the public benefit is to advance the Christian faith in the United Kingdom and abroad by the proclamation of the gospel of Jesus Christ. In administering the charity, the Board complied with the duty, in Section 17 Charities Act 2013, to have regard to the Public Benefit guidance published by the Charity Commission. Our achievements as to how we fulfilled these objectives are detailed throughout this report and accounts.

Signed on...........................on behalf of the Board of Trustees by:

Chairman: Mr G Kumar

Treasurer: Mrs L Thomas

Charity 1164223

NEW LIFE PRAYER CENTRE Report of the Independent Examiner to the trustees For the year ended 31 December 2020

We report on the accounts of the Charity for the year to 31 December 2020, which are set out on pages 9 to 12.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to:

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

Denise Isaacs FCCA Asaph Solutions Limited 18 Belmont Road Chesham Bucks HP5 2EL

Charity 1164223

New Life Prayer C New Life Prayer C Charity
No
 1164223 1164223
Annual accounts for the year
Start
date		 01/01/2020 To End date 31/12/2020
Unrestricted
funds
Restricted
income
funds		 Endowmen
t funds		 Total funds Prior year
funds
£ £ £ £ £
Income
Income and endowments from:
Donations and legacies 22,858 - - 22,858 25,704
Charitable activities 6,636 - - 6,636 -
Other trading activities - - - - -
Investments - - - - -
Separate material item of income - - - - -
Gift aid reclaim 4,121 - - 4,121 3,432
Total expenditure 33,615 - - 33,615 29,136
Expenditure on:
Salaries & Wages 11,603 - - 11,603 11,659
Pensions 439 - - 439 412
Rent 2,700 - - 2,700 4,325
Donations 7,508 - - 7,508 -
Church Ministry expenses 2,326 - - 2,326 1,481
Missions & Disasters support 1,950 - - 1,950 1,325
Church supplies 222 - - 222 469
Entertainment and events - - - 602
Printing and Stationery 266 - - 266 187
Travelling & Subsistence 310 - - 310 923
Professional fees 179 - - 179 370
Motor expenses 490 - - 490 404
General expenses - - - - 564
Accountancy 250 - - 250 250
Depreciation 107 - - 107 -
Total 28,350 - - 28,350 22,971
Net income/(expenditure)
before tax for the reporting
period		 5,265 - - 5,265 6,165
Taxpayable
~~Net income/(exendit~~		 ~~re)~~ - - - - -
~~p~~
after tax before investment
gains/(losses)		 5,265 - - 5,265 6,165
Net gains/(losses) on
investments		 - - - - -
Net income/(expenditure) 5,265 - - 5,265 6,165
Extraordinary items - - - -
Transfers between funds - - - - -
Othergains/(losses) - - - - -
Net movement in funds 5,265 - - 5,265 6,165
-
Reconciliation of funds:
Total funds brought forward 8,863 - - 8,863 2,698
Total funds carried forward 14,128 - - 14,128 8,863

Charity 1164223

Balance sheet as at 31 December 2020
Charity No: 1164223
Unrestricted
funds
Restricted
income
funds		 Endowment
funds		 Total this
year		 Total last
year
£ £ £ £ £
Fixed assets
Intangible assets - - - - -
Tangible assets 322 - - 322 -
Heritage assets - - - - -
Investments - - - - -
Total fixed assets 322 - - 322 -
Current assets
Stocks - - - - -
Debtors - - - - -
Investments - - - - -
Cash at bank and in hand 14,088 - - 14,088 9,146
Total current assets 14,410 - - 14,410 9,146
Creditors: amounts falling due
withinone year		 282 - - 282 283
Net current assets/(liabilities) 14,128 - - 14,128 8,863
Total assets less current liabilities 14,128 - - 14,128 8,863
Creditors: amounts falling due after
one year		 - - - -
Provisions for liabilities - - - - -
Total net assets or liabilities 14,128 - - 14,128 8,863
Funds of the Charity
Endowment funds - - - - -
Restricted income funds - - - - -
Unrestricted funds 14,128 - - 14,128 8,863
Revaluation reserve - - - - -
Fair value reserve - - - - -
Total funds 14,128 - - 14,128 8,863
The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating
to smallcompanies.
The members have not required the company to obtain an audit in accordance with section 476 of
the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the
Companies Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small
companies subject to the smallcompanies regime and inaccordance with FRS102 SORP.
Signed by one or two trustees/directors on behalf of all the
trustees/directors		 Print Name Date of
approval
dd/mm/yyyy
Balance sheet as at 31 December 2020
Charity No: 1164223
Unrestricted
funds
Restricted
income
funds		 Endowment
funds		 Total this
year		 Total last
year
£ £ £ £ £
Fixed assets
Intangible assets - - - - -
Tangible assets 322 - - 322 -
Heritage assets - - - - -
Investments - - - - -
Total fixed assets 322 - - 322 -
Current assets
Stocks - - - - -
Debtors - - - - -
Investments - - - - -
Cash at bank and in hand 14,088 - - 14,088 9,146
Total current assets 14,410 - - 14,410 9,146
Creditors: amounts falling due
withinone year		 282 - - 282 283
Net current assets/(liabilities) 14,128 - - 14,128 8,863
Total assets less current liabilities 14,128 - - 14,128 8,863
Creditors: amounts falling due after
one year		 - - - -
Provisions for liabilities - - - - -
Total net assets or liabilities 14,128 - - 14,128 8,863
Funds of the Charity
Endowment funds - - - - -
Restricted income funds - - - - -
Unrestricted funds 14,128 - - 14,128 8,863
Revaluation reserve - - - - -
Fair value reserve - - - - -
Total funds 14,128 - - 14,128 8,863
The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating
to smallcompanies.
The members have not required the company to obtain an audit in accordance with section 476 of
the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the
Companies Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small
companies subject to the smallcompanies regime and inaccordance with FRS102 SORP.
Signed by one or two trustees/directors on behalf of all the
trustees/directors		 Print Name Date of
approval
dd/mm/yyyy

Charity 1164223

NEW LIFE PRAYER CENTRE

Notes to the Financial Statements For the year ended 31 December 2020

  1. Accounting policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.

1.1. Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities: Statement of Recommended Practice' issued in March 2005 (SORP 2005) and the Charities Act 2006.

1.2. Cash flow

The charity has taken advantage of the exemption in FRS1 from the requirement to produce a cash flow statement because it is a small charity.

1.3. Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to categories of income:

Voluntary income is received by way of donations, legacies and other forms of voluntary income and is included in full in the statement of financial activities when receivable. The value of services provided by volunteers has not been included.

Income from investments is included in the year in which it is receivable.

1.4. Resources expended

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Charity 1164223

NEW LIFE PRAYER CENTRE

Notes to the financial statements (contd.)

Cash at bank and in hand

Short term cash investments Short term deposits

Cash at bank and on hand Other Total

2020
£		 2019
£
- -
- -
14,088 9,146
- -
14,088 9,146

Analysis of creditors

Accruals for grants payable

Bank loans and overdrafts

Trade creditors

Payments received on account for contracts or performance-related grants

Accruals and deferred income

Taxation and social security

Other creditors

Total

Amounts falling
due within one
year		 Amounts falling
due within one
year		 Amounts fall-
ing due after
more than one
year		 Amounts fall-
ing due after
more than one
year
2020
£		 2019
£		 2020
£		 2019
£
- - - -
- - - -
- - - -
- - - -
282 283
-		 -
- - - -
- - - -
282 283 - -