**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 notL*en 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
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## **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