NEW LIFE CHURCH RUGBY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2022
A U K E R R H O D E S P R O F E S S I O N A L S E R V I C E S L L P Chartered Accountants & Registered Auditors
KEIGHLEY
NEW LIFE CHURCH RUGBY
CONTENTS
| Page | |
|---|---|
| Charity Information | 1 |
| Trustees Report | 2 - 3 |
| Statement of Trustees Responsibilities | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Accounts | 8 - 11 |
NEW LIFE CHURCH RUGBY
CHARITY INFORMATION
CHARITY NUMBER : 1169454
GOVERNING INSTRUMENT : Trust Deed dated 16 February 2017
TRUSTEES
: A K Scotland A Gray P Bailey E Robertson Y E Fan P K Thota Abraham (Appointed on 24/09/22)
TRUST OBJECTIVES : The advancement of the Christian Faith PRINCIPAL ADDRESS : 28 - 42,
: 28 - 42, Railway Terrace Rugby Warwickshire CV21 3LJ
INDEPENDENT EXAMINER
: R. J. Kenyon FCA Auker Rhodes Professional Services LLP Chartered Accountants and Registered Auditors Aire Valley Business Centre Lawkholme Lane Keighley BD21 3BB
Page 1
NEW LIFE CHURCH RUGBY
REPORT OF THE TRUSTEES
The Trustees present their Report and Financial Statements for the year ended 31 August 2022.
OBJECTIVES, ORGANISATION AND ACTIVITIES
The New Life Church Rugby was constituted by a declaration of trust dated the 11 October 1996 and to operate as a Charitable Incorporated Organisation a new constitution was drawn on 16 September 2016. The Charity registered numbered is 1169454.
The principal address of the Charity is 28 - 42, Railway Terrace, Rugby, Warwickshire, CV21 3LJ
The objectives of the Charity are to advance and promote the Christian faith by proclaiming the doctrine, beliefs and practices of Christianity.
TRUSTEES
The Trustees who served during the year were:-
A K Scotland A Gray P Bailey E Robertson Y E Fan
AGENTS AND ADVISERS
The Independent Examiner is Mr. R. J. Kenyon FCA, of Auker Rhodes Professional Services LLP, Chartered Accountants and Registered Auditors of Keighley.
The bank account of the Charity is maintained at Lloyds, Rugby.
Page 2
NEW LIFE CHURCH RUGBY REPORT OF THE TRUSTEES REVIEW OF PROGRESS AND ACHIEVEMENTS We are pleased to record another enwuraging year at New Life Church Rugby in pursuing the oblectivas of the Trust. Christian teachlng, prayer and worship are at the core of all we do and it Is encouraging to see lifes changed as we press on with th8se priorities. We give thanks that we continue lo see an In¢aSe in our numbers. While the Sunday SeNice remains central to the weekly life of the Church, we also have a number of activities across the week including Life Groups, Youth, Fool Steps and ? number of drop in slots for different group5 Within our church and community. We continue to be involved with Opportunity to Hope, a Christian Charity whlch supp)rts a nutnber of projects to help those in difficult and challenging situations that require finarbcial help to bring hope. We are thankful to have moved on from CV19 with all acliwties fully resumed. We 8nlcipate that the forth coming year will add to our visibility to the communty and subsequent additions to the church. In It all, wg give Ihanks to God for what he has given us 8nd the way He sustst8ins what we do. We look forward to developlng Ihe work of the Trust in the years ahead. REVIEW OF FINANCIAL ACTIVITIES AND AFFAIRS Full details of the financ181 transactions are contained in the 8ttached accounts and the total receipts for the period were £281,390 12021 £240,647) and after deducting payments of £191.302 (2021 £178,137) the net Incoming resources were £90.088 as comp8red with net incoming resources of £62,510 in 2021. SIGNED ON BEHALF OF THE TRUSTEES Gray, Andrew R Chairman O3n-2fj23 Pag8 3
NEW LIFE CHURCH RUGBY
STATEMENT OF CHARITY TRUSTEES RESPONSIBILITIES
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with the Statement of Recommended Practice (SORP 2015) for charities issued by the Charity Commission and the Charities Act 2011.
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period.
In preparing these financial statements, the trustees are required to:
-
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 accounting standards have been followed, subject to any
-
• departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to
-
• presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed.
They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 4
NEW LIFE CHLIRCH RUGBY INDEPENDENT EXAMINERE REPORT YO THE CHURCH COMMrrTEe OF NEW UFE CHURCH RUGBY I report on theAtteuntsof Ihg Charty lor1heywen 31 Auyu¥¢2072 are 88toui on pagB&6 to 11. RESPECTIVE RE8PONSIBILmE5 OFTRU5TEE8 ANO EXAMINER The tharws IruslEes are re5PQn51bl8 kn Ih8 preparation Of tho pw)unts. The charW8 trustses trAI an audit 1$ not requlrgd for wder seclon 144121 of Ihtr Charfl5 Act 2D11 (the 2011 Act). 8nd an Mdependent examinBkn IB needed. It L% my ponsl10.. eyamSne the acceunts uThJBr8q¢bDll 145 ofthe 2011 Act,. fDlk)w the procedure5 12ld drAvn kn the fjeneral Directscn8 by th8 Charity Comrnr6 under 5eclk)n 14515llblol th8 2011 Actr. and . ¥t8tewlhther pErticular matters have wme to my att¢nlaon. BASIS OF INDEPENDE14T E¥AMINER? REPORT My ex8mnabon w85 ¢8rried in ac¢ordan¢e Gener81 Dif8¢bon8 gfven by the Charity Commbslon. An e¥amiron In¢lude$ a revlew oflhe acwunbng rttord8 kepl by the charity and a ctympsftson oftho 8c¢ounts pffjsented wllh those records. 11 also includes ¢on$Kler8Uon gf any unusu81 items or ¢Sre8 the Trts. and $eeking eW8n8tions from you as trustees nrnIng any such matters. The prOwdu$ undertgken ¢0 provb Bll the eyerhc8 that would be required n arn audil and consequendy nts OP1lDn wen as io whether 1th8 atcounts pre8eA a Ytue and lair V. and the report its limitsd tts thosè tTralt8rsEeloul in the statenenl bebw. INDEPENDENT EXAWNEFfs STATEME14T In themurse ofmyexaminalN)n. no matterha3ttmeto mystsnikn.. which gwes me r&33Dnabk Gause b bBlievo th8t. In any moterfol respect, the ¢wuirements to keep8cwunting recDrds in ac¢otd8n¢a with 130 oftho 2011 Art and lo pr9P8re eowunw xord ith the acrLunlng rFcDrds (X>mY with Ihe arts)unV ulrements of Ihe 2011 A( have notLen met or to whKh. i reach y oplnlon, attenti(xi bg draym wi order to enabk a Fwppr urrtlBrstanrfiry of the Ao))wts to be FCA hode2 Profe8SK>nal ServiL*S LLP ered AuyJuntants Are VÉ118y BUneSS C8ml8 Lawkholme Lane KBb3h 8D2138B 0nOI3 P49e5
NEW LIFE CHURCH RUGBY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 AUGUST 2022
| Note INCOMING RESOURCES Voluntary Income 2 RESOURCES EXPENDED Charitable Activities 3 Governance Costs Premises and Equipment 4 Administration 5 TOTAL RESOURCES EXPENDED NET INCOMING RESOURCES Net transfers between funds NET MOVEMENT IN FUNDS Balances at 1 September 2021 Balances at 31 August 2022 |
Unrestricted Funds Year ended 31 August 2022 £ 194,979 - 194,979 64,890 71,273 55,139 126,412 191,302 3,677 - 3,677 317,970 321,647 |
Restricted Funds Year ended 31 August 2022 £ 86,411 - 86,411 - - - - - 86,411 - 86,411 847,713 934,124 |
Total Funds Year ended 31 August 2022 £ 281,390 - 281,390 64,890 71,273 55,139 126,412 191,302 90,088 - 90,088 1,165,683 1,255,771 |
Total Funds Period ended 30 August 2021 £ 240,647 - |
|---|---|---|---|---|
| 240,647 | ||||
| 64,352 | ||||
| 69,874 43,911 |
||||
| 113,785 | ||||
| 178,137 | ||||
| 62,510 - |
||||
| 62,510 1,103,173 |
||||
| 1,165,683 |
Page 6
NEWUFE CHURCH RVGBY BALANCE SHEET AT 31 AUGUST2022 Unr9¥trfctsd F¥nd$ 31 August 2QZZ R*striGtvd Funds 31 August 2022 Tofal Funds 31 At2022 Total Funds 30Auoust 2021 FIXED K8$ETS Tangle fLxed as88t8 1.477.272 1,477,272 1,417,218 ¢iIRRENT A55ETS Debtors Cash in hBnd 750 7.017 31,421 39,038 8,36T 31.421 39.788 t1,961 21,987 39.94B 750 CREDITORS: arfKJunts due vAthln orffj 58.403 S6.43 68.352 NEf CURRENT LIABILITIES 57,653 139.0361 18,815 TOTALASSETS LES8 CURRENT UAÈIUMES 1A19,619 39.038 1.458.857 1,382,814 CREDITORS-. amounis due after mrffe Ihan one 283,100 283.100 324,063 NET A8SETS 1.136,519 39,038 1.175.557 1.058,731 RESERVES BroughtfoTw4rd Nei Snconlng resourcos R8V8hJallon resstve Blan5 Garried foTh¥ard 317.970 3.877 80.214 241.433 847.713 86,411 1,165,683 90,088 80.214 1,175,557 1,103,1n 62,510 1[.952 1,058.731 934,124 The finan 8t8t8m8fttswer& appro e Tiuste8s m 03 Jun8 20rJ A K SD)land
NEW LIFE CHURCH RUGBY
NOTES TO THE ACCOUNTS
1. STATEMENT OF ACCOUNTING POLICIES
The following are the more important Accounting Policies adopted by the Charity:
a) ACCOUNTING STANDARDS
These financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011.
b) ACCRUALS BASIS
The accounts have been prepared on the accruals basis where income from donations and gifts and expenditure is brought into account when receivable or due.
c) DEPRECIATION
Depreciation is charged on fixed assets to write off the cost over their expected useful lives on the following basis:
Equipment - 20% Written down Value
Building - 3% straight line
No depreciation is provided with respect to freehold land
d) FUNDS
Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.
Restricted funds are earmarked by the management committee for particular purposes.
Page 8
NEW LIFE CHURCH RUGBY
NOTES TO THE ACCOUNTS
2. VOLUNTARY INCOME
| Tithes Offerings Building fund Footsteps - Softplay Income Gift Aid Other Income Bank Interest Church event payments Rental Income RITABLE ACTIVITIES Pastoral Support and Expenses Mission and Other Charitable gifts Events and Activities Wages MISES AND EQUIPMENT Rates Insurance Cleaning Heat and Light Depreciation NISTRATION Repairs and maintenance Administration Footsteps - Softplay Costs Books and tapes Telephone, postage, and stationery Legal and professional Travel Catering Sundries Bank Charges Mortgage Interest Wages |
Unrestricted Funds Year ended 31 August 2022 £ 127,743 21,211 - 2,601 36,569 1,002 1 742 5,110 194,979 Unrestricted Funds Year ended 31 August 2022 £ 4,040 10,800 9,420 40,630 64,890 Unrestricted Funds Year ended 31 August 2022 £ 1,686 6,861 3,466 6,854 52,406 71,273 Unrestricted Funds Year ended 31 August 2022 £ 16,078 6,035 853 295 1,025 6,015 379 337 1,806 849 16,953 4,514 55,139 |
Restricted Funds Year ended 31 August 2022 £ - - 86,411 - - - - 86,411 Restricted Funds Year ended 31 August 2022 £ - - - - - Restricted Funds Year ended 31 August 2022 £ - - - - - - Restricted Funds Year ended 31 August 2022 £ - - - - - - - - - - - - |
Total Funds Year ended 31 August 2022 £ 127,743 21,211 86,411 2,601 36,569 1,002 1 742 5,110 281,390 Total Funds Year ended 31 August 2022 £ 4,040 10,800 9,420 40,630 64,890 Total Funds Year ended 31 August 2022 £ 1,686 6,861 3,466 6,854 52,406 71,273 Total Funds Year ended 31 August 2022 £ 16,078 6,035 853 295 1,025 6,015 379 337 1,806 849 16,953 4,514 55,139 |
Total Funds Year ended 30 August 2021 £ 102,384 19,694 77,325 - 36,878 150 285 12 3,919 |
|---|---|---|---|---|
| 240,647 | ||||
| Total Funds Year ended 30 August 2021 £ 7,815 11,577 5,215 39,745 |
||||
| 64,352 | ||||
| Total Funds Year ended 30 August 2021 £ 2,433 4,950 3,109 8,836 50,546 |
||||
| 69,874 | ||||
| Total Funds Year ended 30 August 2021 £ 5,981 9,319 135 198 1,025 1,183 - - 2,151 638 18,865 4,416 |
||||
| 43,911 |
3. CHARITABLE ACTIVITIES
4. PREMISES AND EQUIPMENT
5. ADMINISTRATION
Page 9
NEW LIFE CHURCH RUGBY
NOTES TO THE ACCOUNTS
| 6. STAFF COSTS Wages and Salaries Social Security Costs |
Year ended 31 August 2022 £ 40,222 4,922 45,144 |
Year ended 30 August 2021 £ 39,515 4,646 |
|---|---|---|
| 44,161 |
No staff members were paid more than £50,000.
The average number of employees, calculated on a full-time equivalent basis, analysed by function was:
| Management and administration of the charity 7. FIXED ASSETS Cost / Valuation at 1 September 2021 Additions Disposals Revaluation Reserve Cost at 31 August 2022 Depreciation at 1 September 2021 Depreciation Charge Depreciation on Disposals On Revaluation Depreciation at 31 August 2022 Net book value at 31 August 2022 Net book value at 31 August 2021 8. DEBTORS Unrestricted Fund Other debtors Restricted Fund Building fund Total Fund 9. CREDITORS : amounts due within one year Bank loans (Mortgage) Sundry Creditors Accrued Expenses Deferred Liabilities |
Year ended 31 August 2022 No. 1 Land and Equipment Buildings £ £ 1,489,623 181,933 85,204 518 - |
Year ended 30 August 2021 No. 1 |
|---|---|---|
| Total £ 1,671,556 85,722 - - |
||
| 1,574,827 182,451 |
1,757,278 | |
| 98,984 155,354 20,352 5,316 - |
254,338 25,668 - - |
|
| 119,336 160,670 |
280,006 | |
| 1,455,491 21,781 |
1,477,272 | |
| 1,390,639 26,579 |
1,417,218 | |
| 31 August 2022 £ 750 750 7,617 7,617 8,367 31 August 2022 £ 50,980 1,068 6,355 58,403 |
30 August 2021 £ 750 |
|
| 750 | ||
| 11,211 | ||
| 11,211 | ||
| 11,961 | ||
| 30 August 2021 £ 50,980 3,630 13,742 |
||
| 68,352 |
Page 10
NEW LIFE CHURCH RUGBY
NOTES TO THE ACCOUNTS
| 10. CREDITORS : amounts due after 31 August 2022 more than one year £ Bank loans (Mortgage) 283,100 283,100 31 August 2022 £ After more than five years by instalments 28,198 Included in creditors are the following amounts due after more than 5 years: |
30 August 2021 £ 324,083 |
|---|---|
| 324,083 | |
| 30 August 2021 £ 69,181 |
The aggregate amount of creditors for which security has been given amounted to £334,081 (2021: £375,064).
11. RESERVES
There were restricted funds as at 31 August 2022 of £39,038 towards money raised for building fund (2021 : £33,198)
12. TRANSACTIONS WITH TRUSTEES
A K Scotland received fees of £3,600 (2021 : £3,600) during the year ended 31 August 2022.
E Robertson received fees of £3,600 (2021 : £Nil) during the year ended 31 August 2022.
13. CONTROLLING PARTY
The Church was controlled by the Trustees throughout the current and previous years.
Page 11