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2021-04-05-accounts

New Life Church Biggin Hill

Report and Accounts Year ended 5 April 2021

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

NEW LIFE CHURCH BIGGIN HILL

CHARITY INFORMATION

FOR THE YEAR ENDED 5 APRIL 2021

Trustees J Chambers N Hardwick J Price T Stirk G Wales D White S Turner I Smith (appointed 3 June 2021) J Wicking (appointed 3 June 2021) Key Staff - Church Elders S Turner G Wales Governing Document CIO - Constitution dated 12 December 2016 Charity Registration Number 1172916 Principal Address Main Road Biggin Hill TN16 3BB Independent Examiner Stephen Mathews FCA Stewardship 1 Lamb's Passage London EC1Y 8AB Bankers National Westminster Bank plc Station Rd, Paddock Wood Tonbridge TN12 6EP

Trustees

Contents Page
Charity Information 1
Trustees' Annual Report 2-7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Accounts 11-16
Detailed Statement of Financial Activities with Comparatives 17

Page 1

The trustees have pleasure in submitting the Report and Accounts for the period 5[th] April 2020 to 4[th] April 2021.

Our main objectives as a church and a charity are to promote the Christian Faith in Biggin Hill, the UK and in other Countries around the world.

Our Vision – is to make known to the local community, the Love of Christ and the Grace of God demonstrated in the life, death and resurrection of Jesus Christ.

Our strategy in achieving these objectives continues by:

Public Benefit In the planning of the many activities undertaken during this year, we have taken into account the Charities Commission guidance on public benefit and in particular in relation to the guidance relating to the advancement of religion. We have sought to ensure that all our activities are available and open to all within the community in which we serve, both in the provision of services of worship and in provision of community activity and support.

Page 2

Structure, Governance and management

The charity is a member of the Evangelical Alliance and the Baptist Union and is established within Regions Beyond - part of the Newfrontiers family of Churches. Directions relating to the charity are made by the Trustees, in consultation with the Elders, who are responsible for governing the life and teaching of the church. Day to day decisions on expenditure and activities are decided by the staff and volunteers in charge of different areas of the church, with budgets set and monitored by the Trustees. In general, the responsibility for appointment of Trustees rests with the Elders. New Trustees are primarily selected from the members of the church and from leaders of other local churches sharing the same vision, since this means the Trustee body is wholeheartedly involved in seeing the mission of the church worked out in practice. On being appointed, new Trustees will spend time with the existing Trustees to ensure they understand their responsibilities and the legal and financial framework in which the church operates.

Responsibilities of trustees under charity law -The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards. (United Kingdom Generally Accepted Accounting Practice)

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 and the Charity (Accounts and Reports) Regulations 2008. 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.

Acknowledgement

The Trustees extend their thanks for the hard work and faithful service of the Elders and those who served during this unusual and challenging year in many different ways, particularly to the staff, who have, once again, served the community of the Church. They also express their gratitude for the generosity of those supporting the objectives and vision of the Church.

Page 3

The Year in Summary

The 12 months from April 2020 to March 2021 was one dominated by the Covid-19 pandemic. It changed communities and it changed how churches worked.

The Church is not a building, but a gathering of ordinary people of different ages and backgrounds, whose lives have been changed by Jesus Christ, the Son of God. The New Testament reveals the Church as a community of people, properly taught and cared for, who by loving and serving Jesus Christ, were also committed to love and care for each other and to bring a blessing to the area in which they lived.

As a result the trustees, elders and members of the church were committed to supporting the community and each other in a very difficult year.

Priorities Identified in 2020

Progress made on these priorities:

Page 4

Achievements and Performance

Page 5

Plans for the future

To continue reaching out to everyone in the church during this challenging time during the COVID pandemic with online services and encouragement for all that need it.

The intention is to be flexible and responsive to the needs of the community as they arise and specific plans have not been made given the uncertainties over what will be the situation in 2021 and 2022 in the United Kingdom and the other parts of the world which are specifically supported by the church.

There will need to be further updates to the audio-visual system to allow for this to occur.

Finances and Reserves

As reported elsewhere, the period under review was dominated by the COVID 19 pandemic.

At the onset of the pandemic, we were blessed that our reserves and our finances as a whole, were in a strong position. The Church finances are kept under regular review as a matter of course, but as the possible impact of COVID 19 became clearer, a detailed financial risk review was undertaken, taking the pessimistic starting point that our income from general Giving would be severely impacted. Against that scenario, planned expenditure was pruned back to help

Page 6

counter the possible drop in income. In practice, the membership continued to give both faithfully and generously so that our general income for 2020/21 (including one-off gifts) was slightly ahead of the previous financial year.

Our expenditure, particularly outreach projects, was necessarily curbed in a number of areas due to lock downs and bans on overseas travel. Therefore, our main operational expenditure for the period were staff costs and ‘overheads’ such as building maintenance and insurances. There was additional investment in equipment to enable services, prayer meetings and daily devotionals to be streamed online.

The Government’s Furlough scheme was used to cover some staff costs where appropriate.

We were pleased to maintain our full outward financial support programme with regular gifts for mission and outreach projects in both the UK and Africa.

With our income from general Giving easily covering our Operational costs for 2020/21, there was no need to dip into our reserves.

The Trustees have set a policy of retaining sufficient reserves to cover at least 3 months general expenditure i.e to cover the normal day to day costs of running the Church and keeping the building open. In the Financial Year 2020/21, £55,000 was considered a prudent level of general reserve to be held.

The level of general reserves continues to be monitored regularly in conjunction with the Elders. Currently there are no plans for large scale capital expenditure.

At the end of the financial year 2020/21, unrestricted reserves amounted to approximately £336,000, with £143,000 designated for specific longer-term purposes (such as church planting, technology resources and developmental staffing) and £193,000 not specifically designated yet. Nonetheless there are outline plans to use some of the reserves for longer term church development including possible strengthening of the Leadership team, as well as for local church planting.

Since the end of the financial year, regular Giving has averaged about £12,500 per month which is covering our operational costs. The Trustees continue to believe the Charity will be in operation and able to meet all liabilities as they fall due, for at least 12 months from the date of the signing of the 2020/21 Accounts.

On behalf of the Trustees:

(signed)

Trustee: Gareth Wales

(signed)

Trustee: Neil Hardwick

Date of approval of Trustee Report: 1 February 2022

Page 7

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

NEW LIFE CHURCH BIGGIN HILL ('the Charity')

I report to the charity trustees on my examination of the accounts of the Charity for the year ended 5 April 2021 on pages 9 to 17 following, which have been prepared on the basis of the accounting policies set out on pages 11 to 12.

Responsibilities and basis of report

As the charity’s trustees of the Charitable Incorporated Organisation you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants in England and Wales which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Stephen Mathews FCA Institute of Chartered Accountants in England and Wales

Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: 2 February 2022

Page 8

NEW LIFE CHURCH BIGGIN HILL

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 5 APRIL 2021

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Total income and endowments
EXPENDITURE ON:
Charitable activities
5
Total expenditure
Net income/(expenditure)
Transfers between funds
12
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12		 Unrestricted
Funds
£
228,408
(773)
227,635
204,886
204,886
22,749
-
22,749
313,425
336,174		 Restricted
Funds
£
69,788
-
69,788
70,945
70,945
(1,156)
-
(1,156)
55,554
54,398		 Total
Funds
2021
£
298,196
(773)
297,423
275,830
275,830
21,593
-
21,593
368,979
390,572		 Total
Funds
2020
£
349,680
5,537
355,216
370,745
370,745
(15,529)
-
(15,529)
384,507
368,979

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing operations.

The notes on page 11 - 16 form part of these accounts.

Page 9

NEW LIFE CHURCH BIGGIN HILL

BALANCE SHEET

FOR THE YEAR ENDED 5 APRIL 2021

Note
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Debtors
8
Cash at bank and in hand
9
CREDITORS: Amounts falling
due within one year
10
Net current assets / (liabilities)
Total assets less current liabilities
TOTAL NET ASSETS
FUND BALANCES
12
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 General
Funds
£
15,852
15,852
40,791
286,573
327,364
7,041
320,323
336,174
336,174
192,933
143,241
336,174
-
336,174		 Restricted
Funds
£
-
54,398
54,398
54,398
54,398
54,398
-
-
-
54,398
54,398		 Total
Funds
2021
£
15,852
15,852
40,791
340,970
381,761
7,041
374,720
390,572
390,572
192,933
143,241
336,174
54,398
390,572		 Total
Funds
2020
£
17,834
17,834
43,941
314,763
358,704
7,560
351,145
368,978
368,978
214,214
99,210
313,424
55,554
368,978

The financial statements were approved by the Board of Trustees and were signed on its behalf by:

TRUSTEE: Neil Hardwick

SIGNED

DATE: 1 February 2022

Charity number: 1172916

The notes on page 11 - 16 form part of these accounts.

Page 10

NEW LIFE CHURCH BIGGIN HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2021

1 Statutory Information

The charity is a charitable incorporated organisation registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention.

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) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. In making this assessment the trustees have considered the impact of Covid-19 and have concluded that its impact on net income will not be material.

b) Income Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes:

i) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

The Charities SORP requires charities with income over £500,000 to allocate costs to the various activities undertaken by the charity. The nature of the work of the church is considered to be so integrated that the core charitable activity costs are considered to be for the one activity.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

Page 11

NEW LIFE CHURCH BIGGIN HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2021

d) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. Endowment funds are donations that are retained as capital in accordance with the donor's wishes. The nature of the restriction determines whether the endowments represent permanent endowments or expendable endowments.

e) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Equipment

Over 5 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Pension scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

g) Taxation

The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

h) Financial instruments

The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).

3 Donations and legacies

Donations of cash and similar
Legacies receivable
Income tax recoverable
Government grants (note 3a)
Other grants receivable
a
Government grants comprise:
Job Retention Scheme grants
4
Charitable activities
Church activities (conference refunds 2021)		 Total
2021
£
243,368
10,200
40,830
2,212
1,586
298,196
Total
2021
£
2,212
2,212
Total
2021
£
(773)
(773)		 Total
2020
£
297,233
10,000
42,446
-
-
349,680
Total
2020
£
-
-
Total
2020
£
5,537
5,537

Page 12

NEW LIFE CHURCH BIGGIN HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2021

5 Charitable expenditure

5 Charitable expenditure
a
b		 Costs incurred directly on specific activities
Church activity
Salaries and pastoral support
Pastoral expenses and conferences
Mission teams and travel (2021 flight refunds)
Evangelism
Youth work and events
Grants payable (note 5c)
Costs incurred on support & administration
Governance costs
Accounts preparation and independent examiner's fee
Church activity
Property and office
Insurance
Sundry expenses
Depreciation
Total expenditure		 Total
2021
£
141,097
2,861
(794)
775
1,577
96,518
242,033
Total
2021
£
4,000
4,000
18,964
3,473
5,378
1,982
33,797
275,830		 Total
2020
£
135,180
16,518
12,140
1,735
5,300
154,561
325,435
Total
2021
£
4,020
4,020
25,730
3,678
9,900
1,982
45,310
370,745

The fee payable to the independent examiner for preparing and examining the accounts is detailed above; in addition the charity paid £875 (2020: £948) and £120 (2020: £120) to Stewardship for payroll bureau and consultancy helpline membership respectively.

c Grants payable

Mission support
Relief of poverty
Educational grants
Other grants
For 2019/20
Mission support
Relief of poverty
Educational grants
Other grants
The charity's principal grants to institutions comprised:
Dihlabeng Nursery School, South Africa
Regions Beyond UK (church planting and relief of poverty)
Hope for Tomorrow
Jubilee Church Hull
Gateway Church (Segamat Malaysia)
Salvation Army, Athens (refugee relief)
Breakthrough Trust
Dihlabeng Church, South Africa
Grace Community Church Edenbridge
Gateway Church Wrexham
Grants to institutions for less than £1,000 each		 Institutions
£
21,907
2,160
66,958
222
91,246
Institutions
£
48,153
4,908
79,503
182
132,746		 Individuals
£
3,600
1,672
-
-
5,272
Individuals
£
12,597
143
-
580
13,320		 2021
£
25,507
3,832
66,958
222
96,518
2020
£
60,750
5,051
79,503
762
146,066
2021
£
66,958
14,400
2,400
2,400
2,028
1,439
1,200
-
-
-
422
91,246		 2020
£
60,750
5,051
79,503
762
146,066
2019
£
87,350
540
64,081
5,100
157,071
2020
£
79,173
32,720
2,000
2,000
-
-
1,000
2,030
10,000
2,400
923
132,246

Page 13

NEW LIFE CHURCH BIGGIN HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2021

6 Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses

lysis of staff costs, the cost of key management personnel and trustee remuneration and expenses
Gross wages and salaries
Social security
Pension costs		 2021
£
119,664
11,341
13,074
144,079		 2020
£
116,761
7,820
5,687
130,268

The average monthly number of employees during the year was 5 (2020: 5). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise the trustees and the key staff named on the Charity Information page. Total employment benefits payable to key management for the year were as follows:

Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Trustees:
G Wales
34,567
-
9,305
S Turner
44,625
-
3,030
The following amounts were payable in the previous year:
Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Trustees:
G Wales
33,927
-
2,150
S Turner
42,000
-
2,880		 2021
£
43,872
47,655
91,527
2020
£
36,077
44,880
80,957

During the year key management received employment benefits totalling £91,527 (2020: £80,957).

G Wales and S Turner served as church leaders and received the above payments for serving in that capacity, not for serving as trustees; these payments are permitted by the charity's governing document.

No other trustees received employment benefits in either the current or those that acted as trustees in the preceding year.

7 Tangible fixed assets

Tangible fixed assets
Cost
At 6 April 2020
Additions
At 05 April 2021
Accumulated depreciation
At 6 April 2020
Charge for the year
At 05 April 2021
Net book value
At 05 April 2021
At 6 April 2020		 Fixtures,
fittings and
equipment
£
19,815
-
19,815
1,982
1,982
3,964
15,852
17,834		 Vehicles
£
-
-
-
-
-
-
-
-		 Total
2021
£
19,815
-
19,815
1,982
1,982
3,964
15,852
17,834

The charity uses the building at 168 Main Road, Biggin Hill, Kent. The charity does so on the basis of the trust deed between The London Baptist Property Board Limited and Biggin Hill Baptist Church, Kent dated 19 August 1963. The cost of repair and improvements are met by the funds of the charity.

Page 14

NEW LIFE CHURCH BIGGIN HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2021

8 Debtors

tors
Falling due within one year:
Tax recoverable
Total debtors
h at Bank and in Hand
Cash at bank with immediate access
Petty cash
itors: liabilities falling due within one year
Trade creditors
Accruals		 2021
£
40,791
40,791
40,791
2021
£
340,970
-
340,970
2021
£
1,649
5,392
7,041		 2020
£
43,941
43,941
43,941
2020
£
314,302
461
314,763
2020
£
2,220
5,340
7,560

9 Cash at Bank and in Hand

10 Creditors: liabilities falling due within one year

11 Pension commitments

During the year employer’s pension contributions totalling £16,011 (2020: £5,687) were payable to defined contribution personal pension schemes. No pension contributions were owing at the balance sheet date (2020: £nil).

12 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Legacy
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Child sponsorship fund
Burundi
Regions Beyond UK Fund
Regions Beyond
Missionary support fund
Overseas church funds
Dihlabeng support
Athens appeal fund
Catering van fund
Biggin Hill projects fund
Crisis Care
Aggregate of funds		 Opening
balance
2021
£
99,210
99,210
214,215
313,425
47,661
214
1,421
-
1
773
508
1,440
469
3,068
-
55,554
364,086		 Incoming
resources
2021
£
10,200
10,200
217,435
227,635
66,663
-
-
-
-
-
-
-
-
-
3,125
69,788
297,423		 Outgoing
resources
2021
£
(19,141)
(19,141)
(185,745)
(204,886)
(66,958)
-
-
-
-
-
-
(1,439)
-
(441)
(2,107)
(70,945)
(275,830)		 Transfers
in the year
2021
£
52,972
52,972
(52,972)
-
0
-		 Closing
balance
2021
£
143,241
143,241
192,933
336,174
47,366
214
1,421
-
1
773
508
0
469
2,627
1,018
54,398
390,572

Page 15

NEW LIFE CHURCH BIGGIN HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2021

Comparative figures for 2020
Designated Funds
Legacy
Unrestricted general funds
Restricted Funds
Child sponsorship fund
Burundi
Tajikistan support fund
Regions Beyond UK Fund
Regions Beyond
Missionary support fund
Overseas church funds
Dihlabeng support
Athens appeal fund
Catering van fund
Biggin Hill projects fund
Edenbridge Church fund
Aggregate of funds		 Opening
balance
£
4,938
4,938
313,379
318,317
42,980
-
415
3,451
-
144
773
-
70
469
9,223
8,666
66,190
384,507		 Incoming
resources
£
10,000
10,000
224,311
234,311
84,578
214
-
11,490
10,000
-
-
2,538
1,370
-
10,714
-
120,905 0
355,216		 Outgoing
resources
£
(41,686)
(41,686)
(197,518)
(239,204)
(79,898)
-
(415)
(13,520)
(10,000)
(143)
-
(2,030)
-
-
(16,870)
(8,666)

(131,541)
(370,745)		 Transfers
in the year
£
125,958
125,958
(125,958)
-
-
-		 Closing
balance
£
99,210
99,210
214,215
313,425
47,661
214
-
1,421
-
1
773
508
1,440
469
3,068
0
55,554
368,979

Designated funds

The Legacy fund is a designated fund set aside from legacies received. Amounts held are for major long term projects

Restricted funds

Child sponsorship fund is for sponsorship of children who are unable to afford schooling for education at Dihlabeng School in South Africa

The Regions Beyond fund is for the support of projects and church planting under the auspices of the Regions Beyond family of churches. The funds are normally granted to Regions Beyond UK (registered charity number 1152827).

The Biggin Hill projects fund is for projects associated with refurbishing and improving the church's premises.

The purpose of the Crisis Care fund is to support local people experiencing problems in the Covid-19 pandemic lockdown.

All other funds arise from offerings and other gifts for specific projects as indicated by the fund name.

13 Transactions with related parties

During the year the charity:

Page 16

NEW LIFE CHURCH BIGGIN HILL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 5 APRIL 2021

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Other charitable activities
4
Total income and endowments
EXPENDITURE ON:
Charitable activities:
5
Total Expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
12
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12		 2021
£
218,208
(773)
Unrestricted F		 2020
£
219,729
4,582
unds - General		 2021
£
10,200
Unrestricted Fun		 2020
£
10,000
ds - Designated		 2021
£
69,788
-
Restricte		 2020
£
119,951
954
d Funds		 Total
Funds
2021
£
298,196
(773)		 Total
Funds
2020
£
349,680
5,537
217,435 224,311 10,200 10,000 69,788 120,905 297,423 355,216
185,745 197,518 19,141 41,686 70,945 131,541 275,830 370,745
185,745 197,518 19,141 41,686 70,945 131,541 275,830 370,745
- -
31,690
(52,972)		 26,794 (8,941)
52,972		 (31,686) (1,156)
-		 (10,636)
-		 21,593
-		 (15,529)
-
(21,282)
214,215		 (99,164)
313,379		 44,031
99,210		 94,272
4,938		 (1,156)
55,555		 (10,636)
66,191		 21,593
368,980		 (15,529)
384,508
192,933 214,215 143,241 99,210 54,398 55,555 390,573 368,980

Page 17