NEW LIFE CHURCH RUGBY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2023
|
AUKER RHODES PROFESSIONAL SERVICES LLP Chartered Accountants & Registered Auditors
YEADON
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 |
| NotestotheAccounts | 8-11 |
NEW LIFE CHURCH RUGBY
CHARITY INFORMATION
CHARITY NUMBER COMPANY NUMBER
GOVERNING INSTRUMENT
-
: 1169454 : CE007997
-
: Trust Deed dated 16 February 2017
.
TRUSTEES
:
TRUST OBJECTIVES
PRINCIPAL ADDRESS
INDEPENDENT EXAMINER
-
: AK Scotland A Gray P Bailey E Robertson YE Fan P K Thota Abraham (Appointed on 24/09/22)
-
: The advancement of the Christian Faith |
-
: 28-42, Railway Terrace Rugby Warwickshire CV21 3LJ
RR. J. Kenyon FCA Auker Rhodes Professional Services LLP Chartered Accountants and Registered Auditors Basement Floor Focus House Focus Way Yeadon LS19 7DB
;
Page 1
NEW LIFE CHURCH RUGBY
REPORT OF THE TRUSTEES
The Trustees present their Report and Financial Statements for the year ended 31 August 2023.
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:-
AK Scotland A Gray P Bailey E Robertson Y E Fan P K Thota Abraham
AGENTS AND ADVISERS
The Independent Examiner is Mr. R. J. Kenyon FCA, of Auker Rhodes Professional Services LLP, Chartered Accountants and Registered Auditors of Yeadon.
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 encouraging year at New Life Church Rugby in pursuing the objectives of the Trust. Christian teaching, prayer and worship are at the core of all we do and it is encouraging to see lifes changed as we press on with these priorities. We give thanks that we continue to see an increase in our numbers.
While the Sunday Service remains central to the weekly life of the Church, we also have a number of activities across the week including Life Groups, Youth, Foot Steps and a number of drop in slots for different groups within our church and community. We continue to be involved with Opportunity to Hope, a Christian Charity which supports a number of projects to help those in difficult and challenging situations that require financial help to bring hope.
We anticipate that the forth coming year will add to our visibility to the community and subsequent additions to the church.
In it all, we give thanks to God for what he has given us and the way He suststains what we do. We look forward to developing the work of the Trust in the years ahead.
REVIEW OF FINANCIAL ACTIVITIES AND AFFAIRS
Full details of the financial transactions are contained in the attached accounts and the total receipts for the period were £316,045 (2022 : £281,390) and after deducting payments of £257,718 (2022 : £191,302) the net incoming resources were £58,327 as compared with net incoming resources of £90,088 in 2022.
SIGNED ON BEHALF OF THE TRUSTEES
Gray,Me Chairman 18-May-2024
Page 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 2019 (FRS 102);
-
make judgements and estimates that are reasonable and prudent;
-
, departuresState whetherdisclosedapplicableand explainedaccountingin thestandardsfinancial statements;have been followed, subject to any
-
, 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 CHURCH RUGBY
.
INDEPENDENT EXAMINER'S REPORT
TO THE CHURCH COMMITTEE OF
NEW LIFE CHURCH RUGBY
! report on the Accounts of the Charity for the year ended 31 August 2023 which are set out on pages 6 to 11.
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:
- examine the accounts under section 145 of the 2011 Act;
.
.[follow][the][procedures][laid][down][in][the][General][Directions][given][by][the][Charity][Commission][under][section] 145(5)(b) of the 2011 Act; and
- state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER'S REPORT
----- Start of picture text -----
My examination was carried out in accordance with 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 the course of my examination, no matter has come to my attention:
1 which gives me reasonable cause to believe that, in any material respect, the requirements
. to keep accounting records in accordance with section 130 of the 2011 Act; and
. torequirementsprepare accountsof the 2011whichAct accord with the accounting records and comply with the accounting
have not been met; or
2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the Accounts to be
reache
R. enyon FCA
Auker Rhodes Professional Services LLP
Chartered Accountants
Basement Floor
Focus House
Focus Way
Yeadon .
LS19 7DB
18-May-2024
----- End of picture text -----
Page §
NEW LIFE CHURCH RUGBY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 AUGUST 2023
| Unrestricted | Restricted | Total | Total | Total | ||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||
| Yearended | Year ended | Year ended | Period | ended | ||
| Note | 31 August 2023 | 31 August 2023 | 31 August 2023 | 31 August 2022 | ||
| £ | £ | £ | £ | |||
| INCOMING RESOURCES | ||||||
| Voluntary Income | 2 | 239,077 | 76,968 | 316,045 | 281,390 | |
| 239,077 | 76,968 | 316,045 | 281,390 | |||
| RESOURCES EXPENDED | ||||||
| Charitable Activities | 3 | 100448 | - | 100,448 | 64,890 | |
| Governance Costs | ||||||
| Premises and Equipment | 4 | 79,504 | - | 79,504 | 71,273 | |
| Administration | 5 | 77,766 | - | 77,766 | §5,139 | |
| 157,270 | - | 157,270 | 126,412 | |||
| TOTAL RESOURCES EXPENDED | 257,718 | - | 257,718 | 191,302 | ||
| NETINCOMING RESOURCES | ( 18,641) | 76,968 | §8,327 | 90,088 | ||
| Net transfers between funds | - | - | - | - | ||
| NETMOVEMENT IN FUNDS | ( 18,641) | 76,968 | 58,327 | 90,088 | ||
| Balances at 1 September2022 | 321,647 | 934,124 | ~~1,255,771~~ | 1,165,683 | ||
| Balancesat31August2023 | 303,006 | 1,011,092 | 1,314,098 | 1,255,771 |
Page 6
NEW LIFE CHURCH RUGBY
BALANCE SHEET AT 31 AUGUST 2023
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||
| 31 August 2023 | 31 August 2023 | 31 August 2023 | 31 August 2022 | ||
| Note | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible fixed assets | 7 | 1,522,610 | - | 1,522,610 | 1,477,272 |
| CURRENT ASSETS | |||||
| Debtors | 8 | 750 | 11,752 | 12,502 | 8,367 |
| Cash in hand | 25,060 | 25,060 | 31,421 | ||
| 750 | 36,812 | 37,562 | 39,788 | ||
| CREDITORS: amounts due | |||||
| within one year | 9 | 66,413 | - | 66,413 | 58,403 |
| NETCURRENT LIABILITIES | 65,663 | (36,812) | 28,851 | 18,615 | |
| TOTALASSETS LESS CURRENT | 1,456,947 | 36,812 | 1,493,759 | 1,458,657 | |
| LIABILITIES | |||||
| CREDITORS: amounts due after | |||||
| more than one year | 10 | 233,138 | - | 233,138 | 283,100 |
| NET ASSETS | 1,223,809 | 36,812 | 1,260,621 | 1,175,557 | |
| RESERVES | |||||
| Brought forward | 321,647 | 934,124 | 1,255,771 | 1,165,683 | |
| Net incoming resources | ( 18,641) | 76,968 | 58,327 | 90,088 | |
| Revaluation reserve | ~~(53,476)~~ | ~~(53,476)~~ | ~~( 80,214)~~ | ||
| Balancescarriedforward | 249,530 | 1,011,092 | 1,260,621 | 1,175,557 |
The financial statements were approved and authorised for issue by the Board on . 18-May-24 Signed on behalf of the board of trustees => AK Scotland Ca KSA A GrayHoy
Page 7
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 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||||||
| Funds | Funds | Funds | Funds | ||||||||
| Year ended | Year ended | Year ended | Yearended | ||||||||
| 31 August 2023 | 31 August | 2023 | 31 August2023 | 2023 | 31 August | 2022 | |||||
| £ | £ | £ | £ | ||||||||
| Tithes | 152,366 | - | 152,366 | 127,743 | |||||||
| Offerings | 22,278 | - | 22,278 | 21,211 | |||||||
| Building fund | - | 76,968 | 76,968 | 86,411 | |||||||
| Footsteps - Softplay Income | 3,525 | - | 3,525 | 2,601 | |||||||
| Gift Aid | 39,520 | 39,520 | 36,569 | ||||||||
| Other Income | 3,669 | - | 3,669 | 1,002 | |||||||
| Bank Interest | - | - | - | 1 | |||||||
| Church event receipts | 1,930 | - | 1,930 | 742 | |||||||
| Rental Income | 14,100 | - | 14,100 | 5,110 | |||||||
| Conferences | 200 | - | 200 | - | |||||||
| Kingdomdynamicscourseincome | 1,489 | - | ~~1,489~~ | ~~:~~ | |||||||
| 239,077 | 76,968 | 316,045 | 281,390 | ||||||||
| 3. | CHARITABLE ACTIVITIES | ||||||||||
| Unrestricted | Restricted | Total | Total | ||||||||
| Funds | Funds | Funds | Funds | ||||||||
| Year ended | Year ended | Year ended | Year ended | ||||||||
| 31 August 2023 | 31 August2023 | 2023 | 31 August | 2023 | 31 August2022 | 2022 | |||||
| £ | £ | £ | £ | ||||||||
| Pastoral Support and Expenses | 15,860 | - | 15,860 | 4,040 | |||||||
| Mission and Other Charitable gifts | 5,554 | - | 5,554 | 10,800 | |||||||
| Events and Activities | 19,138 | - | 19,138 | 9,420 | |||||||
| Wages | 59,896 | - | 59,896 | 40,630 | |||||||
| ~~100,448~~ | ~~-~~ | ~~100,448~~ | ~~64,890~~ | ||||||||
| 4. | PREMISES AND EQUIPMENT | ||||||||||
| Unrestricted | Restricted | Total | Total | ||||||||
| Funds | Funds | Funds | Funds | ||||||||
| Year ended | Year ended | Year ended | Year ended | ||||||||
| 31 August 2023 | 31 August2023 | 2023 | 31 August | 2023 | 31 August | 2022 | |||||
| € | £ | £ | € | ||||||||
| Rates | 3,243 | - | 3,243 | 1,686 | |||||||
| Insurance | 6,877 | - | 6,877 | 6,861 | |||||||
| Caretakings | §,329 | - | 5,329 | - | |||||||
| Cleaning | 5,303 | - | §,303 | 3,466 | |||||||
| Heat and Light | 6,010 | - | 6,010 | 6,854 | |||||||
| Depreciation | 52,742 | - | §2,742 | 52,406 | |||||||
| 79,504 | : | 79,504 | 71,273 | ||||||||
| _ | 5. | ADMINISTRATION | |||||||||
| Unrestricted | Restricted | Total | Total | ||||||||
| Funds | Funds | Funds | Funds | ||||||||
| Year ended | Year ended | Yearended | Year ended | ||||||||
| 31 August 2023 | 31 August2023 | 31 August | 2023 | . | 31 August | 2022 | |||||
| £ | € | £ | £ | ||||||||
| Repairs and maintenance | 26,657 | - | 26,657 | 16,078 | |||||||
| Administration | 11,852 | - | 11,852 | 6,035 | |||||||
| Footsteps - Softplay Costs | 1,507 | - | 1,507 | 853 | |||||||
| Books and tapes | 3,294 | - | 3,294 | 295 | |||||||
| Telephone, postage, and stationery | 1,350 | - | 1,350 | 1,025 | |||||||
| Legal and professional | 3,894 | - | 3,894 | 6,015 | |||||||
| Travel | 39 | - | 39 | 379 | |||||||
| Catering | 2,749 | 2,749 | 337 | ||||||||
| Sundries | 3,955 | - | 3,955 | 1,806 | |||||||
| Bank Charges | 883 | - | 883 | 849 | |||||||
| Mortgage Interest | 14,931 | - | 14,931 | 16,953 | |||||||
| Wages | 6,655 | - | 6,655 | 4,514 | |||||||
| ~~77,766~~ | ~~-~~ | ~~77,766~~ | ~~§5,139~~ |
----- Start of picture text -----
ee
----- End of picture text -----
Page 9
NEW LIFE CHURCH RUGBY
NOTES TO THE ACCOUNTS
| 6. | STAFF COSTS | Year ended | Yearended | Yearended | |||
|---|---|---|---|---|---|---|---|
| 31 August2023 | 31 August2022 | 2022 | |||||
| £ | £ | ||||||
| Wages and Salaries | 59,723 | 40,222 | |||||
| Social Security Costs | 6,828 | 4,922 | |||||
| ~~——__86,551_~~ | ~~45,144~~ | ||||||
| No staffmembers were paid more than £50,000. | |||||||
| The average number ofemployees, calculated ona | full-time equivalent basis, | analysed byfunctionwas: | |||||
| Year ended | Year ended | ||||||
| 31 August2023 | 31 August2022 | 2022 | |||||
| No. | No. | ||||||
| Management and administration ofthe charity | 2 | 1 | |||||
| 7. | FIXED ASSETS | ||||||
| Land and | Equipment | Total | |||||
| Buildings | |||||||
| £ | £ | £ | |||||
| Cost /Valuation at | 1 September 2022 | 1,574,827 | 182,451 | 1,757,278 | |||
| Additions Disposals |
64,761 , |
6,581 - |
71,342 - |
||||
| Revaluation Reserve | - | ||||||
| Costat31August2023 | 1,639588 | 189,032 | 1,828,620 | ||||
| Depreciation at 1 September 2022 |
119,336 | 160,670 | 280,006 | ||||
| Depreciation Charge | 21,648 | 4,356 | 26,004 | ||||
| Depreciation on Disposals | - | - | |||||
| On Revaluation | - | ||||||
| Depreciation at 31 August2023 | ~~140,984~~ | ~~165,026~~ | ~~306,010~~ | ||||
| Netbookvalueat31August2023 | 1,498,604 | 24,006 | 1,522,610 | ||||
| Net book value at 31 August 2022 | ~~1,455,491~~ | ~~21,781~~ | ~~1,477,272~~ | ||||
| 8. | DEBTORS | 31 August2023 | 31 August | 2022 | |||
| £ | £ | ||||||
| Unrestricted Fund | |||||||
| Other debtors | 750 | 750 | |||||
| 750 | 750 | ||||||
| : | Restricted Fund | ||||||
| Buildingfund | ~~11,752~~ | ~~7,617~~ | |||||
| ~~11,752~~ | ~~7,617~~ | ||||||
| Total Fund | 12,502 | 8,367 | |||||
| 9. | CREDITORS : amounts due |
31 August2023 | 31 August | 2022 | |||
| within one | year | £ | £ | ||||
| Bank loans (Mortgage) | 57,936 | 50,980 | |||||
| Sundry Creditors | 1,622 | 1,068 | |||||
| Accrued Expenses | 6,855 | 6,355 | |||||
| Deferred Liabilities | |||||||
| 66,413 | §8,403 |
Page 10
NEW LIFE CHURCH RUGBY
----- Start of picture text -----
NOTES TO THE ACCOUNTS
10. CREDITORS : amounts due after 31 August 2023 31 August 2022
more than one year £ £
Bank loans (Mortgage) 233,138 283,100
——_— 233,138 _ 283,100
Included in creditors are the following amounts due after more than 5 years:
31 August 2023 31 August 2022
£ £
After more than five years by instalments - 28,198
----- End of picture text -----
The aggregate amount of creditors for which security has been given amounted to £291,075 (2022: £334,081).
11. RESERVES
-There were restricted funds as at 31 August 2023 of £36,812 towards money raised for building fund (2022 : £39,038)
12. TRANSACTIONS WITH TRUSTEES
AK Scotland received fees of £9,000 (2022 : £3,600) during the year ended 31 August 2023. E Robertson received fees of £8,600 (2022 : £3,600) during the year ended 31 August 2023.
13. CONTROLLING PARTY
The Church was controlled by the Trustees throughout the current and previous years.
Page 11
NEW LIFE CHURCH RUGBY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2023
|
AUKER RHODES PROFESSIONAL SERVICES LLP Chartered Accountants & Registered Auditors
YEADON
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 |
| NotestotheAccounts | 8-11 |
NEW LIFE CHURCH RUGBY
CHARITY INFORMATION
CHARITY NUMBER COMPANY NUMBER
GOVERNING INSTRUMENT
-
: 1169454 : CE007997
-
: Trust Deed dated 16 February 2017
.
TRUSTEES
:
TRUST OBJECTIVES
PRINCIPAL ADDRESS
INDEPENDENT EXAMINER
-
: AK Scotland A Gray P Bailey E Robertson YE Fan P K Thota Abraham (Appointed on 24/09/22)
-
: The advancement of the Christian Faith |
-
: 28-42, Railway Terrace Rugby Warwickshire CV21 3LJ
RR. J. Kenyon FCA Auker Rhodes Professional Services LLP Chartered Accountants and Registered Auditors Basement Floor Focus House Focus Way Yeadon LS19 7DB
;
Page 1
NEW LIFE CHURCH RUGBY
REPORT OF THE TRUSTEES
The Trustees present their Report and Financial Statements for the year ended 31 August 2023.
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:-
AK Scotland A Gray P Bailey E Robertson Y E Fan P K Thota Abraham
AGENTS AND ADVISERS
The Independent Examiner is Mr. R. J. Kenyon FCA, of Auker Rhodes Professional Services LLP, Chartered Accountants and Registered Auditors of Yeadon.
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 encouraging year at New Life Church Rugby in pursuing the objectives of the Trust. Christian teaching, prayer and worship are at the core of all we do and it is encouraging to see lifes changed as we press on with these priorities. We give thanks that we continue to see an increase in our numbers.
While the Sunday Service remains central to the weekly life of the Church, we also have a number of activities across the week including Life Groups, Youth, Foot Steps and a number of drop in slots for different groups within our church and community. We continue to be involved with Opportunity to Hope, a Christian Charity which supports a number of projects to help those in difficult and challenging situations that require financial help to bring hope.
We anticipate that the forth coming year will add to our visibility to the community and subsequent additions to the church.
In it all, we give thanks to God for what he has given us and the way He suststains what we do. We look forward to developing the work of the Trust in the years ahead.
REVIEW OF FINANCIAL ACTIVITIES AND AFFAIRS
Full details of the financial transactions are contained in the attached accounts and the total receipts for the period were £316,045 (2022 : £281,390) and after deducting payments of £257,718 (2022 : £191,302) the net incoming resources were £58,327 as compared with net incoming resources of £90,088 in 2022.
SIGNED ON BEHALF OF THE TRUSTEES
Gray,Me Chairman 18-May-2024
Page 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 2019 (FRS 102);
-
make judgements and estimates that are reasonable and prudent;
-
, departuresState whetherdisclosedapplicableand explainedaccountingin thestandardsfinancial statements;have been followed, subject to any
-
, 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 CHURCH RUGBY
.
INDEPENDENT EXAMINER'S REPORT
TO THE CHURCH COMMITTEE OF
NEW LIFE CHURCH RUGBY
! report on the Accounts of the Charity for the year ended 31 August 2023 which are set out on pages 6 to 11.
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:
- examine the accounts under section 145 of the 2011 Act;
.
.[follow][the][procedures][laid][down][in][the][General][Directions][given][by][the][Charity][Commission][under][section] 145(5)(b) of the 2011 Act; and
- state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER'S REPORT
----- Start of picture text -----
My examination was carried out in accordance with 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 the course of my examination, no matter has come to my attention:
1 which gives me reasonable cause to believe that, in any material respect, the requirements
. to keep accounting records in accordance with section 130 of the 2011 Act; and
. torequirementsprepare accountsof the 2011whichAct accord with the accounting records and comply with the accounting
have not been met; or
2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the Accounts to be
reache
R. enyon FCA
Auker Rhodes Professional Services LLP
Chartered Accountants
Basement Floor
Focus House
Focus Way
Yeadon .
LS19 7DB
18-May-2024
----- End of picture text -----
Page §
NEW LIFE CHURCH RUGBY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 AUGUST 2023
| Unrestricted | Restricted | Total | Total | Total | ||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||
| Yearended | Year ended | Year ended | Period | ended | ||
| Note | 31 August 2023 | 31 August 2023 | 31 August 2023 | 31 August 2022 | ||
| £ | £ | £ | £ | |||
| INCOMING RESOURCES | ||||||
| Voluntary Income | 2 | 239,077 | 76,968 | 316,045 | 281,390 | |
| 239,077 | 76,968 | 316,045 | 281,390 | |||
| RESOURCES EXPENDED | ||||||
| Charitable Activities | 3 | 100448 | - | 100,448 | 64,890 | |
| Governance Costs | ||||||
| Premises and Equipment | 4 | 79,504 | - | 79,504 | 71,273 | |
| Administration | 5 | 77,766 | - | 77,766 | §5,139 | |
| 157,270 | - | 157,270 | 126,412 | |||
| TOTAL RESOURCES EXPENDED | 257,718 | - | 257,718 | 191,302 | ||
| NETINCOMING RESOURCES | ( 18,641) | 76,968 | §8,327 | 90,088 | ||
| Net transfers between funds | - | - | - | - | ||
| NETMOVEMENT IN FUNDS | ( 18,641) | 76,968 | 58,327 | 90,088 | ||
| Balances at 1 September2022 | 321,647 | 934,124 | ~~1,255,771~~ | 1,165,683 | ||
| Balancesat31August2023 | 303,006 | 1,011,092 | 1,314,098 | 1,255,771 |
Page 6
NEW LIFE CHURCH RUGBY
BALANCE SHEET AT 31 AUGUST 2023
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||
| 31 August 2023 | 31 August 2023 | 31 August 2023 | 31 August 2022 | ||
| Note | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible fixed assets | 7 | 1,522,610 | - | 1,522,610 | 1,477,272 |
| CURRENT ASSETS | |||||
| Debtors | 8 | 750 | 11,752 | 12,502 | 8,367 |
| Cash in hand | 25,060 | 25,060 | 31,421 | ||
| 750 | 36,812 | 37,562 | 39,788 | ||
| CREDITORS: amounts due | |||||
| within one year | 9 | 66,413 | - | 66,413 | 58,403 |
| NETCURRENT LIABILITIES | 65,663 | (36,812) | 28,851 | 18,615 | |
| TOTALASSETS LESS CURRENT | 1,456,947 | 36,812 | 1,493,759 | 1,458,657 | |
| LIABILITIES | |||||
| CREDITORS: amounts due after | |||||
| more than one year | 10 | 233,138 | - | 233,138 | 283,100 |
| NET ASSETS | 1,223,809 | 36,812 | 1,260,621 | 1,175,557 | |
| RESERVES | |||||
| Brought forward | 321,647 | 934,124 | 1,255,771 | 1,165,683 | |
| Net incoming resources | ( 18,641) | 76,968 | 58,327 | 90,088 | |
| Revaluation reserve | ~~(53,476)~~ | ~~(53,476)~~ | ~~( 80,214)~~ | ||
| Balancescarriedforward | 249,530 | 1,011,092 | 1,260,621 | 1,175,557 |
The financial statements were approved and authorised for issue by the Board on . 18-May-24 Signed on behalf of the board of trustees => AK Scotland Ca KSA A GrayHoy
Page 7
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 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||||||
| Funds | Funds | Funds | Funds | ||||||||
| Year ended | Year ended | Year ended | Yearended | ||||||||
| 31 August 2023 | 31 August | 2023 | 31 August2023 | 2023 | 31 August | 2022 | |||||
| £ | £ | £ | £ | ||||||||
| Tithes | 152,366 | - | 152,366 | 127,743 | |||||||
| Offerings | 22,278 | - | 22,278 | 21,211 | |||||||
| Building fund | - | 76,968 | 76,968 | 86,411 | |||||||
| Footsteps - Softplay Income | 3,525 | - | 3,525 | 2,601 | |||||||
| Gift Aid | 39,520 | 39,520 | 36,569 | ||||||||
| Other Income | 3,669 | - | 3,669 | 1,002 | |||||||
| Bank Interest | - | - | - | 1 | |||||||
| Church event receipts | 1,930 | - | 1,930 | 742 | |||||||
| Rental Income | 14,100 | - | 14,100 | 5,110 | |||||||
| Conferences | 200 | - | 200 | - | |||||||
| Kingdomdynamicscourseincome | 1,489 | - | ~~1,489~~ | ~~:~~ | |||||||
| 239,077 | 76,968 | 316,045 | 281,390 | ||||||||
| 3. | CHARITABLE ACTIVITIES | ||||||||||
| Unrestricted | Restricted | Total | Total | ||||||||
| Funds | Funds | Funds | Funds | ||||||||
| Year ended | Year ended | Year ended | Year ended | ||||||||
| 31 August 2023 | 31 August2023 | 2023 | 31 August | 2023 | 31 August2022 | 2022 | |||||
| £ | £ | £ | £ | ||||||||
| Pastoral Support and Expenses | 15,860 | - | 15,860 | 4,040 | |||||||
| Mission and Other Charitable gifts | 5,554 | - | 5,554 | 10,800 | |||||||
| Events and Activities | 19,138 | - | 19,138 | 9,420 | |||||||
| Wages | 59,896 | - | 59,896 | 40,630 | |||||||
| ~~100,448~~ | ~~-~~ | ~~100,448~~ | ~~64,890~~ | ||||||||
| 4. | PREMISES AND EQUIPMENT | ||||||||||
| Unrestricted | Restricted | Total | Total | ||||||||
| Funds | Funds | Funds | Funds | ||||||||
| Year ended | Year ended | Year ended | Year ended | ||||||||
| 31 August 2023 | 31 August2023 | 2023 | 31 August | 2023 | 31 August | 2022 | |||||
| € | £ | £ | € | ||||||||
| Rates | 3,243 | - | 3,243 | 1,686 | |||||||
| Insurance | 6,877 | - | 6,877 | 6,861 | |||||||
| Caretakings | §,329 | - | 5,329 | - | |||||||
| Cleaning | 5,303 | - | §,303 | 3,466 | |||||||
| Heat and Light | 6,010 | - | 6,010 | 6,854 | |||||||
| Depreciation | 52,742 | - | §2,742 | 52,406 | |||||||
| 79,504 | : | 79,504 | 71,273 | ||||||||
| _ | 5. | ADMINISTRATION | |||||||||
| Unrestricted | Restricted | Total | Total | ||||||||
| Funds | Funds | Funds | Funds | ||||||||
| Year ended | Year ended | Yearended | Year ended | ||||||||
| 31 August 2023 | 31 August2023 | 31 August | 2023 | . | 31 August | 2022 | |||||
| £ | € | £ | £ | ||||||||
| Repairs and maintenance | 26,657 | - | 26,657 | 16,078 | |||||||
| Administration | 11,852 | - | 11,852 | 6,035 | |||||||
| Footsteps - Softplay Costs | 1,507 | - | 1,507 | 853 | |||||||
| Books and tapes | 3,294 | - | 3,294 | 295 | |||||||
| Telephone, postage, and stationery | 1,350 | - | 1,350 | 1,025 | |||||||
| Legal and professional | 3,894 | - | 3,894 | 6,015 | |||||||
| Travel | 39 | - | 39 | 379 | |||||||
| Catering | 2,749 | 2,749 | 337 | ||||||||
| Sundries | 3,955 | - | 3,955 | 1,806 | |||||||
| Bank Charges | 883 | - | 883 | 849 | |||||||
| Mortgage Interest | 14,931 | - | 14,931 | 16,953 | |||||||
| Wages | 6,655 | - | 6,655 | 4,514 | |||||||
| ~~77,766~~ | ~~-~~ | ~~77,766~~ | ~~§5,139~~ |
----- Start of picture text -----
ee
----- End of picture text -----
Page 9
NEW LIFE CHURCH RUGBY
NOTES TO THE ACCOUNTS
| 6. | STAFF COSTS | Year ended | Yearended | Yearended | |||
|---|---|---|---|---|---|---|---|
| 31 August2023 | 31 August2022 | 2022 | |||||
| £ | £ | ||||||
| Wages and Salaries | 59,723 | 40,222 | |||||
| Social Security Costs | 6,828 | 4,922 | |||||
| ~~——__86,551_~~ | ~~45,144~~ | ||||||
| No staffmembers were paid more than £50,000. | |||||||
| The average number ofemployees, calculated ona | full-time equivalent basis, | analysed byfunctionwas: | |||||
| Year ended | Year ended | ||||||
| 31 August2023 | 31 August2022 | 2022 | |||||
| No. | No. | ||||||
| Management and administration ofthe charity | 2 | 1 | |||||
| 7. | FIXED ASSETS | ||||||
| Land and | Equipment | Total | |||||
| Buildings | |||||||
| £ | £ | £ | |||||
| Cost /Valuation at | 1 September 2022 | 1,574,827 | 182,451 | 1,757,278 | |||
| Additions Disposals |
64,761 , |
6,581 - |
71,342 - |
||||
| Revaluation Reserve | - | ||||||
| Costat31August2023 | 1,639588 | 189,032 | 1,828,620 | ||||
| Depreciation at 1 September 2022 |
119,336 | 160,670 | 280,006 | ||||
| Depreciation Charge | 21,648 | 4,356 | 26,004 | ||||
| Depreciation on Disposals | - | - | |||||
| On Revaluation | - | ||||||
| Depreciation at 31 August2023 | ~~140,984~~ | ~~165,026~~ | ~~306,010~~ | ||||
| Netbookvalueat31August2023 | 1,498,604 | 24,006 | 1,522,610 | ||||
| Net book value at 31 August 2022 | ~~1,455,491~~ | ~~21,781~~ | ~~1,477,272~~ | ||||
| 8. | DEBTORS | 31 August2023 | 31 August | 2022 | |||
| £ | £ | ||||||
| Unrestricted Fund | |||||||
| Other debtors | 750 | 750 | |||||
| 750 | 750 | ||||||
| : | Restricted Fund | ||||||
| Buildingfund | ~~11,752~~ | ~~7,617~~ | |||||
| ~~11,752~~ | ~~7,617~~ | ||||||
| Total Fund | 12,502 | 8,367 | |||||
| 9. | CREDITORS : amounts due |
31 August2023 | 31 August | 2022 | |||
| within one | year | £ | £ | ||||
| Bank loans (Mortgage) | 57,936 | 50,980 | |||||
| Sundry Creditors | 1,622 | 1,068 | |||||
| Accrued Expenses | 6,855 | 6,355 | |||||
| Deferred Liabilities | |||||||
| 66,413 | §8,403 |
Page 10
NEW LIFE CHURCH RUGBY
----- Start of picture text -----
NOTES TO THE ACCOUNTS
10. CREDITORS : amounts due after 31 August 2023 31 August 2022
more than one year £ £
Bank loans (Mortgage) 233,138 283,100
——_— 233,138 _ 283,100
Included in creditors are the following amounts due after more than 5 years:
31 August 2023 31 August 2022
£ £
After more than five years by instalments - 28,198
----- End of picture text -----
The aggregate amount of creditors for which security has been given amounted to £291,075 (2022: £334,081).
11. RESERVES
-There were restricted funds as at 31 August 2023 of £36,812 towards money raised for building fund (2022 : £39,038)
12. TRANSACTIONS WITH TRUSTEES
AK Scotland received fees of £9,000 (2022 : £3,600) during the year ended 31 August 2023. E Robertson received fees of £8,600 (2022 : £3,600) during the year ended 31 August 2023.
13. CONTROLLING PARTY
The Church was controlled by the Trustees throughout the current and previous years.
Page 11
NEW LIFE CHURCH RUGBY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2023
|
AUKER RHODES PROFESSIONAL SERVICES LLP Chartered Accountants & Registered Auditors
YEADON
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 |
| NotestotheAccounts | 8-11 |
NEW LIFE CHURCH RUGBY
CHARITY INFORMATION
CHARITY NUMBER COMPANY NUMBER
GOVERNING INSTRUMENT
-
: 1169454 : CE007997
-
: Trust Deed dated 16 February 2017
.
TRUSTEES
:
TRUST OBJECTIVES
PRINCIPAL ADDRESS
INDEPENDENT EXAMINER
-
: AK Scotland A Gray P Bailey E Robertson YE Fan P K Thota Abraham (Appointed on 24/09/22)
-
: The advancement of the Christian Faith |
-
: 28-42, Railway Terrace Rugby Warwickshire CV21 3LJ
RR. J. Kenyon FCA Auker Rhodes Professional Services LLP Chartered Accountants and Registered Auditors Basement Floor Focus House Focus Way Yeadon LS19 7DB
;
Page 1
NEW LIFE CHURCH RUGBY
REPORT OF THE TRUSTEES
The Trustees present their Report and Financial Statements for the year ended 31 August 2023.
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:-
AK Scotland A Gray P Bailey E Robertson Y E Fan P K Thota Abraham
AGENTS AND ADVISERS
The Independent Examiner is Mr. R. J. Kenyon FCA, of Auker Rhodes Professional Services LLP, Chartered Accountants and Registered Auditors of Yeadon.
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 encouraging year at New Life Church Rugby in pursuing the objectives of the Trust. Christian teaching, prayer and worship are at the core of all we do and it is encouraging to see lifes changed as we press on with these priorities. We give thanks that we continue to see an increase in our numbers.
While the Sunday Service remains central to the weekly life of the Church, we also have a number of activities across the week including Life Groups, Youth, Foot Steps and a number of drop in slots for different groups within our church and community. We continue to be involved with Opportunity to Hope, a Christian Charity which supports a number of projects to help those in difficult and challenging situations that require financial help to bring hope.
We anticipate that the forth coming year will add to our visibility to the community and subsequent additions to the church.
In it all, we give thanks to God for what he has given us and the way He suststains what we do. We look forward to developing the work of the Trust in the years ahead.
REVIEW OF FINANCIAL ACTIVITIES AND AFFAIRS
Full details of the financial transactions are contained in the attached accounts and the total receipts for the period were £316,045 (2022 : £281,390) and after deducting payments of £257,718 (2022 : £191,302) the net incoming resources were £58,327 as compared with net incoming resources of £90,088 in 2022.
SIGNED ON BEHALF OF THE TRUSTEES
Gray,Me Chairman 18-May-2024
Page 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 2019 (FRS 102);
-
make judgements and estimates that are reasonable and prudent;
-
, departuresState whetherdisclosedapplicableand explainedaccountingin thestandardsfinancial statements;have been followed, subject to any
-
, 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 CHURCH RUGBY
.
INDEPENDENT EXAMINER'S REPORT
TO THE CHURCH COMMITTEE OF
NEW LIFE CHURCH RUGBY
! report on the Accounts of the Charity for the year ended 31 August 2023 which are set out on pages 6 to 11.
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:
- examine the accounts under section 145 of the 2011 Act;
.
.[follow][the][procedures][laid][down][in][the][General][Directions][given][by][the][Charity][Commission][under][section] 145(5)(b) of the 2011 Act; and
- state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER'S REPORT
----- Start of picture text -----
My examination was carried out in accordance with 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 the course of my examination, no matter has come to my attention:
1 which gives me reasonable cause to believe that, in any material respect, the requirements
. to keep accounting records in accordance with section 130 of the 2011 Act; and
. torequirementsprepare accountsof the 2011whichAct accord with the accounting records and comply with the accounting
have not been met; or
2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the Accounts to be
reache
R. enyon FCA
Auker Rhodes Professional Services LLP
Chartered Accountants
Basement Floor
Focus House
Focus Way
Yeadon .
LS19 7DB
18-May-2024
----- End of picture text -----
Page §
NEW LIFE CHURCH RUGBY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 AUGUST 2023
| Unrestricted | Restricted | Total | Total | Total | ||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||
| Yearended | Year ended | Year ended | Period | ended | ||
| Note | 31 August 2023 | 31 August 2023 | 31 August 2023 | 31 August 2022 | ||
| £ | £ | £ | £ | |||
| INCOMING RESOURCES | ||||||
| Voluntary Income | 2 | 239,077 | 76,968 | 316,045 | 281,390 | |
| 239,077 | 76,968 | 316,045 | 281,390 | |||
| RESOURCES EXPENDED | ||||||
| Charitable Activities | 3 | 100448 | - | 100,448 | 64,890 | |
| Governance Costs | ||||||
| Premises and Equipment | 4 | 79,504 | - | 79,504 | 71,273 | |
| Administration | 5 | 77,766 | - | 77,766 | §5,139 | |
| 157,270 | - | 157,270 | 126,412 | |||
| TOTAL RESOURCES EXPENDED | 257,718 | - | 257,718 | 191,302 | ||
| NETINCOMING RESOURCES | ( 18,641) | 76,968 | §8,327 | 90,088 | ||
| Net transfers between funds | - | - | - | - | ||
| NETMOVEMENT IN FUNDS | ( 18,641) | 76,968 | 58,327 | 90,088 | ||
| Balances at 1 September2022 | 321,647 | 934,124 | ~~1,255,771~~ | 1,165,683 | ||
| Balancesat31August2023 | 303,006 | 1,011,092 | 1,314,098 | 1,255,771 |
Page 6
NEW LIFE CHURCH RUGBY
BALANCE SHEET AT 31 AUGUST 2023
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||
| 31 August 2023 | 31 August 2023 | 31 August 2023 | 31 August 2022 | ||
| Note | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible fixed assets | 7 | 1,522,610 | - | 1,522,610 | 1,477,272 |
| CURRENT ASSETS | |||||
| Debtors | 8 | 750 | 11,752 | 12,502 | 8,367 |
| Cash in hand | 25,060 | 25,060 | 31,421 | ||
| 750 | 36,812 | 37,562 | 39,788 | ||
| CREDITORS: amounts due | |||||
| within one year | 9 | 66,413 | - | 66,413 | 58,403 |
| NETCURRENT LIABILITIES | 65,663 | (36,812) | 28,851 | 18,615 | |
| TOTALASSETS LESS CURRENT | 1,456,947 | 36,812 | 1,493,759 | 1,458,657 | |
| LIABILITIES | |||||
| CREDITORS: amounts due after | |||||
| more than one year | 10 | 233,138 | - | 233,138 | 283,100 |
| NET ASSETS | 1,223,809 | 36,812 | 1,260,621 | 1,175,557 | |
| RESERVES | |||||
| Brought forward | 321,647 | 934,124 | 1,255,771 | 1,165,683 | |
| Net incoming resources | ( 18,641) | 76,968 | 58,327 | 90,088 | |
| Revaluation reserve | ~~(53,476)~~ | ~~(53,476)~~ | ~~( 80,214)~~ | ||
| Balancescarriedforward | 249,530 | 1,011,092 | 1,260,621 | 1,175,557 |
The financial statements were approved and authorised for issue by the Board on . 18-May-24 Signed on behalf of the board of trustees => AK Scotland Ca KSA A GrayHoy
Page 7
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 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||||||
| Funds | Funds | Funds | Funds | ||||||||
| Year ended | Year ended | Year ended | Yearended | ||||||||
| 31 August 2023 | 31 August | 2023 | 31 August2023 | 2023 | 31 August | 2022 | |||||
| £ | £ | £ | £ | ||||||||
| Tithes | 152,366 | - | 152,366 | 127,743 | |||||||
| Offerings | 22,278 | - | 22,278 | 21,211 | |||||||
| Building fund | - | 76,968 | 76,968 | 86,411 | |||||||
| Footsteps - Softplay Income | 3,525 | - | 3,525 | 2,601 | |||||||
| Gift Aid | 39,520 | 39,520 | 36,569 | ||||||||
| Other Income | 3,669 | - | 3,669 | 1,002 | |||||||
| Bank Interest | - | - | - | 1 | |||||||
| Church event receipts | 1,930 | - | 1,930 | 742 | |||||||
| Rental Income | 14,100 | - | 14,100 | 5,110 | |||||||
| Conferences | 200 | - | 200 | - | |||||||
| Kingdomdynamicscourseincome | 1,489 | - | ~~1,489~~ | ~~:~~ | |||||||
| 239,077 | 76,968 | 316,045 | 281,390 | ||||||||
| 3. | CHARITABLE ACTIVITIES | ||||||||||
| Unrestricted | Restricted | Total | Total | ||||||||
| Funds | Funds | Funds | Funds | ||||||||
| Year ended | Year ended | Year ended | Year ended | ||||||||
| 31 August 2023 | 31 August2023 | 2023 | 31 August | 2023 | 31 August2022 | 2022 | |||||
| £ | £ | £ | £ | ||||||||
| Pastoral Support and Expenses | 15,860 | - | 15,860 | 4,040 | |||||||
| Mission and Other Charitable gifts | 5,554 | - | 5,554 | 10,800 | |||||||
| Events and Activities | 19,138 | - | 19,138 | 9,420 | |||||||
| Wages | 59,896 | - | 59,896 | 40,630 | |||||||
| ~~100,448~~ | ~~-~~ | ~~100,448~~ | ~~64,890~~ | ||||||||
| 4. | PREMISES AND EQUIPMENT | ||||||||||
| Unrestricted | Restricted | Total | Total | ||||||||
| Funds | Funds | Funds | Funds | ||||||||
| Year ended | Year ended | Year ended | Year ended | ||||||||
| 31 August 2023 | 31 August2023 | 2023 | 31 August | 2023 | 31 August | 2022 | |||||
| € | £ | £ | € | ||||||||
| Rates | 3,243 | - | 3,243 | 1,686 | |||||||
| Insurance | 6,877 | - | 6,877 | 6,861 | |||||||
| Caretakings | §,329 | - | 5,329 | - | |||||||
| Cleaning | 5,303 | - | §,303 | 3,466 | |||||||
| Heat and Light | 6,010 | - | 6,010 | 6,854 | |||||||
| Depreciation | 52,742 | - | §2,742 | 52,406 | |||||||
| 79,504 | : | 79,504 | 71,273 | ||||||||
| _ | 5. | ADMINISTRATION | |||||||||
| Unrestricted | Restricted | Total | Total | ||||||||
| Funds | Funds | Funds | Funds | ||||||||
| Year ended | Year ended | Yearended | Year ended | ||||||||
| 31 August 2023 | 31 August2023 | 31 August | 2023 | . | 31 August | 2022 | |||||
| £ | € | £ | £ | ||||||||
| Repairs and maintenance | 26,657 | - | 26,657 | 16,078 | |||||||
| Administration | 11,852 | - | 11,852 | 6,035 | |||||||
| Footsteps - Softplay Costs | 1,507 | - | 1,507 | 853 | |||||||
| Books and tapes | 3,294 | - | 3,294 | 295 | |||||||
| Telephone, postage, and stationery | 1,350 | - | 1,350 | 1,025 | |||||||
| Legal and professional | 3,894 | - | 3,894 | 6,015 | |||||||
| Travel | 39 | - | 39 | 379 | |||||||
| Catering | 2,749 | 2,749 | 337 | ||||||||
| Sundries | 3,955 | - | 3,955 | 1,806 | |||||||
| Bank Charges | 883 | - | 883 | 849 | |||||||
| Mortgage Interest | 14,931 | - | 14,931 | 16,953 | |||||||
| Wages | 6,655 | - | 6,655 | 4,514 | |||||||
| ~~77,766~~ | ~~-~~ | ~~77,766~~ | ~~§5,139~~ |
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ee
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NOTES TO THE ACCOUNTS
| 6. | STAFF COSTS | Year ended | Yearended | Yearended | |||
|---|---|---|---|---|---|---|---|
| 31 August2023 | 31 August2022 | 2022 | |||||
| £ | £ | ||||||
| Wages and Salaries | 59,723 | 40,222 | |||||
| Social Security Costs | 6,828 | 4,922 | |||||
| ~~——__86,551_~~ | ~~45,144~~ | ||||||
| No staffmembers were paid more than £50,000. | |||||||
| The average number ofemployees, calculated ona | full-time equivalent basis, | analysed byfunctionwas: | |||||
| Year ended | Year ended | ||||||
| 31 August2023 | 31 August2022 | 2022 | |||||
| No. | No. | ||||||
| Management and administration ofthe charity | 2 | 1 | |||||
| 7. | FIXED ASSETS | ||||||
| Land and | Equipment | Total | |||||
| Buildings | |||||||
| £ | £ | £ | |||||
| Cost /Valuation at | 1 September 2022 | 1,574,827 | 182,451 | 1,757,278 | |||
| Additions Disposals |
64,761 , |
6,581 - |
71,342 - |
||||
| Revaluation Reserve | - | ||||||
| Costat31August2023 | 1,639588 | 189,032 | 1,828,620 | ||||
| Depreciation at 1 September 2022 |
119,336 | 160,670 | 280,006 | ||||
| Depreciation Charge | 21,648 | 4,356 | 26,004 | ||||
| Depreciation on Disposals | - | - | |||||
| On Revaluation | - | ||||||
| Depreciation at 31 August2023 | ~~140,984~~ | ~~165,026~~ | ~~306,010~~ | ||||
| Netbookvalueat31August2023 | 1,498,604 | 24,006 | 1,522,610 | ||||
| Net book value at 31 August 2022 | ~~1,455,491~~ | ~~21,781~~ | ~~1,477,272~~ | ||||
| 8. | DEBTORS | 31 August2023 | 31 August | 2022 | |||
| £ | £ | ||||||
| Unrestricted Fund | |||||||
| Other debtors | 750 | 750 | |||||
| 750 | 750 | ||||||
| : | Restricted Fund | ||||||
| Buildingfund | ~~11,752~~ | ~~7,617~~ | |||||
| ~~11,752~~ | ~~7,617~~ | ||||||
| Total Fund | 12,502 | 8,367 | |||||
| 9. | CREDITORS : amounts due |
31 August2023 | 31 August | 2022 | |||
| within one | year | £ | £ | ||||
| Bank loans (Mortgage) | 57,936 | 50,980 | |||||
| Sundry Creditors | 1,622 | 1,068 | |||||
| Accrued Expenses | 6,855 | 6,355 | |||||
| Deferred Liabilities | |||||||
| 66,413 | §8,403 |
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NEW LIFE CHURCH RUGBY
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NOTES TO THE ACCOUNTS
10. CREDITORS : amounts due after 31 August 2023 31 August 2022
more than one year £ £
Bank loans (Mortgage) 233,138 283,100
——_— 233,138 _ 283,100
Included in creditors are the following amounts due after more than 5 years:
31 August 2023 31 August 2022
£ £
After more than five years by instalments - 28,198
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The aggregate amount of creditors for which security has been given amounted to £291,075 (2022: £334,081).
11. RESERVES
-There were restricted funds as at 31 August 2023 of £36,812 towards money raised for building fund (2022 : £39,038)
12. TRANSACTIONS WITH TRUSTEES
AK Scotland received fees of £9,000 (2022 : £3,600) during the year ended 31 August 2023. E Robertson received fees of £8,600 (2022 : £3,600) during the year ended 31 August 2023.
13. CONTROLLING PARTY
The Church was controlled by the Trustees throughout the current and previous years.
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