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← New Life Church, Biggin Hill

2024-03-31-accounts

New Life Church, Biggin Hill

Report and Accounts Year ended 31 March 2024

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

NEW LIFE CHURCH, BIGGIN HILL

CHARITY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2024

Trustees

N Hardwick J Price T Stirk (resigned 25 January 2024) G Wales D White S Turner I Smith J Wicking C Goodson (appointed 5 April 2023)

Key Staff - Church Elders

Key Staff - Church Elders S Turner G Wales Until 31 December 2023 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

Contents Page
Charity Information 1
Trustees' Annual Report 2-9
Independent Examiner's Report 10
Statement of Financial Activities 11
Balance Sheet 12
Notes to the Accounts 13-18
Detailed Statement of Financial Activities with Comparatives 19

Page 1

The trustees have pleasure in submitting the Report and Accounts for the period 1[st] April 2023 to 31[st] March 2024.

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 undertaking the planning of the many activities organised during this year, we have considered 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.

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 the 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

Page 2

church worked out in practice. On being appointed, new Trustees will spend time with the existing Trustees and undertake a training course for trustees run by respected charity advisers who are involved in church and Christian charity leadership 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)

Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:

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.

Acknowledgment

The Trustees extend their thanks for the hard work and faithful service of the Elders and those who served during this year in many 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

Pastor’s notes for the year

In summary, 2023/24 saw a number of significant moments for us as a church which were both exciting, because they affirmed part of our mission to be a resourcing church, but also brought with them some of the challenges that change presents.

We are an evangelical Church built upon apostolic and prophetic foundations to display and express the love and grace of God to the community around us. We are committed to worship, prayer, evangelism, discipleship and maintaining an environment where all can grow in their Christian faith.

We believe the Bible is entirely relevant to today’s troubled world and gives us the only hope for the future and eternal life to all who call on the name of the Lord Jesus

Our leadership team and our trustees have faithfully discharged their responsibilities during the last year and we continue to look forward to all God has planned for us.

Specifically, we report as follows

Church staffing – Trustees and Paid Staff

Page 4

Priorities Identified in 2022 - 2023 report and how they have progressed:

1) To update the church building’s boiler and electrical systems : Throughout the year work has been carried out and completed to replace the Church’s boilers and overhaul the heating system. Likewise, there has been a complete overhaul and maintenance of the building’s electrical systems. All certification has been updated.

  1. To continue to build on gathering the community together in growing group life: We began the year with three active cell groups meeting during the week in homes. Augmenting these smaller groups, the ’Big Small Group’ which began in the summer of 2023 , has continued to be well attended and provides a mid-week focus for teaching, discipleship, friendship and a place for new people to get to know each other and experience more of church life. This has been a successful venture, being more fluid and less personal than a home cell group.

  2. To plan for the future of leadership at NLC: We continue to grow our leadership team and to build into the training and equipping of those in whom we recognize the potential for leadership, at all stages and ages.

  3. To continue to help other churches in the UK and around the world with prayer and financial support: in 2023/2024 these support projects have included,

  4. Grace City Church, Birmingham. We have provided financial support and overall guidance to this newly planted Church.

  5. We were pleased to support (financially) the leadership training for a new Pastor to equip him to lead the Lakeland Church in Malawi.

  6. Support to our wider family of churches through Regions Beyond. We provide a regular grant to Regions Beyond UK, to help with Church planting and leadership training in the UK. We take up a Special Offering each year to help with Overseas Church planting and development, particularly in poorer nations.

- Other achievements and performance:

- Ongoing pastoral/ outreach and discipleship groups and events

Page 5

Administration and Maintenance

Page 6

Events involving other World Nations:

Events involving the Biggin Hill Community

We continually seek to understand the needs of the surrounding community and how we can actively engage with them.

Page 7

Other Church Events

Plans for the future

  1. To continue to build our Home Group network to help gather the community together in small groups to hear and study the Good news of The Bible

  2. To plan for the future of Church leadership at New Life and intentionally look to bring through the younger generation. This will help us meet the changing needs of Society and increase our meaning and relevance in today’s world. We intend to recruit an intern for training and equipping for one year, starting September 2024.

  3. Through our partnership with Regions Beyond, we will continue to help other churches in the UK and around the world, with prayer, financial support and active mentoring.

  4. To continue to engage with the local Community in order to understand and meet their needs for spiritual guidance

  5. To engage and empower our membership to help achieve our vision and strategy. We will actively encourage members to participate fully in church activities and take on volunteer roles to help serve the Chuch and develop their own gifts.

Finances and Reserves

The Church finances are kept under regular review; during the financial year, our membership continued to give faithfully and generously and our Income from such donations saw an increase of approximately £17,000 from the previous Financial period.

Our main operational expenditure for the period were staff costs and ‘overheads’ such as building maintenance and insurances. In line with planned staff changes (see Pastor’s Notes) our salary costs increased but this increase had been budgeted for and was in line with forecasts. We have invested in our building with major upgrades to the heating, water and electrical systems undertaken.

Page 8

We were pleased to be able to increase our outward financial support programme with regular gifts and support for mission, outreach and community projects in both the UK and Africa.

Our income covered most of our operational costs for 2023/24, with the shortfall being covered from reserves.

At the end of the Financial year 2023/24, free reserves amounted to approximately £265,000.

The Trustees 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.

At the end of the Financial Year 2023/24, our Reserves Policy was fully reviewed and a more conservative view was taken. It was agreed to increase our level of general reserves to £90,000 . Going forward, we will continue to review this figure regularly in conjunction with the Elders.

Currently there are no plans for large scale capital expenditure although we intend to upgrade the Church Sound system in the autumn of 2024. In the longer term we have faith that opportunities will arise for Church planting.

Since the end of the financial year 2023/24, regular Giving from Church members averages about £14,000 per month which largely covers our operational costs. Our Reserves are strong; the Trustees thus 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 2023/24 Accounts.

On behalf of the Trustees:

S Turner

(signed) ..……………………………………… S Turner (Jan 10, 2025 12:03 GMT)

Trustee: Simon Turner

Neil Hardwick

(signed) ..……………………………………… Neil Hardwick (Jan 10, 2025 12:10 GMT)

Trustee: Neil Hardwick

Jan 10, 2025

Date of approval of Trustee Report …………………………

Page 9

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 31 March 2024 on pages 11 to 19 following, which have been prepared on the basis of the accounting policies set out on pages 13 to 14.

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

Stephen Mathews (Jan 16, 2025 11:38 GMT)

Stephen Mathews FCA Institute of Chartered Accountants in England and Wales

Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: Jan 16, 2025

Page 10

NEW LIFE CHURCH, BIGGIN HILL

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2024

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Other income
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
£
226,137
9,176
439
235,752
271,590
271,590
(35,838)
(272)
(36,110)
301,189
265,079		 Restricted
Funds
£
119,261
-
-
119,261
125,832
125,832
(6,571)
272
(6,299)
66,415
60,116		 Total
Funds
2024
£
345,398
9,176
439
355,013
397,422
397,422
(42,409)
-

(42,409)
367,604
325,195		 Total
Funds
2023
£
322,642
4,702
130
327,474
331,513
331,513
(4,039)
-
(4,039)
371,643
367,604

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 13 - 18 form part of these accounts.

Page 11

NEW LIFE CHURCH, BIGGIN HILL

BALANCE SHEET

As at 31 March 2024

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
£
9,907
9,907
51,931
218,039
269,970
14,798
255,172
265,079
265,079
131,668
133,411
265,079
-
265,079		 Restricted
Funds
£
-
60,116
60,116
60,116
60,116
60,116
-
-
-
60,116
60,116		 Total
Funds
2024
£
9,907
9,907
51,931
278,155
330,086
14,798
315,288
325,195
325,195
131,668
133,411
265,079
60,116
325,195		 Total
Funds
2023
£
11,889
11,889
47,596
318,461
366,057
10,342
355,716
367,604
367,604
170,619
130,570
301,189
66,415
367,604

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

TRUSTEE: James Wicking

SIGNED: J Wicking (Jan 10, 2025 13:30 GMT)J Wicking

DATE: Jan 10, 2025

Charity number: 1172916

The notes on page 13 - 18 form part of these accounts.

Page 12

NEW LIFE CHURCH, BIGGIN HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

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 ii) 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.

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 13

NEW LIFE CHURCH, BIGGIN HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

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 £2,000 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
Other grants receivable
itable activities
Church activities		 Total
2024
£
275,992
10,000
54,156
5,250
345,398
Total
2024
£
9,176
9,176		 Total
2023
£
258,978
10,000
47,672
5,992
322,642
Total
2023
£
4,702
4,702

4 Charitable activities

Page 14

NEW LIFE CHURCH, BIGGIN HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

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
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
2024
£
144,003
24,312
5,125
3,207
15,259
145,654
337,560
Total
2024
£
3,600
3,600
42,092
4,028
8,159
1,982
59,861
397,421		 Total
2023
£
126,668
23,572
2,612
2,142
7,858
126,942
289,794
Total
2023
£
3,600
3,600
25,170
3,681
7,285
1,982
41,718
331,513

The fee payable to the independent examiner for preparing and examining the accounts is detailed above; in addition the charity paid £756 (2023: £635) and £150 (2023: £150) to Stewardship for payroll bureau and consultancy helpline membership respectively.

c Grants payable

Mission support
Relief of poverty
Educational grants
Other grants
For 2022/23
Mission support
Relief of poverty
Educational grants
Other grants
The charity's principal grants to institutions comprised:
Sponsorship Dihlabeng Christian School (SDCS), South Africa
Regions Beyond UK (Church planting and relief of poverty)
Kings Arms Lydney
Hope for tomorrow (Education and poverty relief in Burundi)
Biggin Hill Friends of the Parks
Catalyst Network of Churches
Keystone Church, South Africa
Breakthrough Trust
Grants to institutions for less than £1,000 each		 Institutions
£
47,156
13,556
70,976
1,235
132,924
Institutions
£
26,201
8,305
75,900
200
110,605		 Individuals
£
12,250
480
-
-
12,730
Individuals
£
16,250
87
-
-

16,337		 2024
£
59,406
14,036
70,976
1,235
145,654
2023
£
42,451
8,391
75,900
200
126,942
2024
£
70,776
35,479
12,000
7,469
1,000
-
3,600
200
2,400
132,924		 2023
£
42,451
8,391
75,900
200
128,942
2022
£
24,740
6,560
68,809
175
100,284
2023
£
75,900
26,942
-

2,614
-
1,649
1,200
1,200
1,100
110,605

Page 15

NEW LIFE CHURCH, BIGGIN HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

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

ysis of staff costs, the cost of key management personnel and trustee remuneration and expenses
Gross wages and salaries
Social security
Pension costs		 2024
£
121,372
7,999
14,594
143,965		 2023
£
104,664
6,481
15,523
126,668

The average monthly number of employees during the year was 4 (2023: 3). 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. Gareth Wales was part of key management until he resigned at the end of December 2023. Total employment benefits payable to key management for the year were as follows:

agement until he resigned at the end of December 2023. Total employment benefits payable to key management for the year were as follows:
Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Trustees:
G Wales
29,491
-
8,993
S Turner
48,479
-
3,335
following amounts were payable in the previous year:
Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Trustees:
G Wales
37,464
-
11,863
S Turner
46,063
-
3,160		 2024
£
38,484
51,814
90,298
2023
£
49,327
49,223
98,550

The following amounts were payable in the previous year:

During the year key management received employment benefits totalling £90,298 (2023: £98,550).

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 1 April 2023
Additions
At 31 March 2024
Accumulated depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 1 April 2023		 Fixtures,
fittings and
equipment
£
19,815
-
19,815
7,926
1,982
9,908
9,907
11,889		 Vehicles
£
-
-
-
-
-
-
-
-		 Total
2024
£
19,815
-
19,815
7,926
1,982
9,908
9,907
11,889

The charity uses the building at 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 16

NEW LIFE CHURCH, BIGGIN HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

8 Debtors

ors
Falling due within one year:
Tax recoverable
Total debtors
h at Bank and in Hand
Cash at bank with immediate access
itors: liabilities falling due within one year
Trade creditors
Accruals		 2024
£
51,931
51,931
51,931
2024
£
278,155
278,155
2024
£
10,381
4,417
14,798		 2023
£
47,596
47,596
47,596
2023
£
318,461
318,461
2021
£
5,423
4,919
10,342

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 £15,594 (2023: £15,523) were payable to defined contribution personal pension schemes. Pension contributions of £817 (2023: £1,319) were owing at the balance sheet date.

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
Sponsorship Dihlabeng Christian School (SDCS)
Burundi
Regions Beyond UK Fund
Regions Beyond India Fund
Missionary support fund
Overseas church funds
Dihlabeng Church support
Catering van fund
Biggin Hill projects fund
Crisis Care
Ukraine
Warm Space Fund
2023 Special Offering fund
2024 Mission fund
Aggregate of funds		 Opening
balance
2024
£
130,570
130,570
170,619
301,189
55,141
-
1,397
-
7,193
-
633
469
-
1,582
-
-
-
-
66,415
367,605		 Incoming
resources
2024
£
10,000
10,000
225,752
235,752
71,438
-
21,959
2,725
-
-
-
-
-
-
-
500
6,042
16,597
119,261
355,013		 Outgoing
resources
2024
£
(7,159)
(7,159)
(264,431)
(271,590)
(73,694)
-
(19,740)
(2,725)
(7,193)
-
-
-
-
(590)
-
-
(5,022)
(16,869)
(125,831)
(397,421)		 Transfers
in the year
2024
£
-
-
(272)
(272)
633
-
-
-
-
-
(633)
-
-
-
-
-
-
272
272
-		 Closing
balance
2024
£
133,411
133,411
131,668
265,079
53,519
-
3,616
-
-
-
-
469
-
992
-
500
1,020
-
60,116
325,195

Page 17

NEW LIFE CHURCH, BIGGIN HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

Comparative figures for 2023
Designated Funds
Legacy
Unrestricted general funds
Restricted Funds
Sponsorship Dihlabeng Christian School (SDCS)
Burundi
Regions Beyond UK Fund
Missionary support fund
Overseas church funds
Dihlabeng Church support
Catering van fund
Biggin Hill projects fund
Crisis Care
Ukraine
Turkey & Syria earthquake fund
Aggregate of funds		 Opening
balance
£
130,570
130,570
170,151
300,721
47,565
214
1,421
15,551
773
633
469
2,627
1,669
-
-
70,921
371,643		 Incoming
resources
£
-
-
222,046
222,046
83,985
-
12,518
7,011
-
-
-
-
-
265
1,649
105,428
327,475		 Outgoing
resources
£
-
-
(221,578)
(221,578)
(76,408)
(214)
(12,542)
(15,370)
(773)
-
-
(2,627)
(87)
(265)
(1,649)
(109,934)
(331,512)		 Transfers
in the year
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Closing
balance
£
130,570
130,570
170,619
301,189
55,141
-
1,397
7,193
-
633
469
-
1,582
-
-
66,415
367,605

Designated funds

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

Restricted funds

Sponsorship Dihlabeng Christian School (SDCS) 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 current financial crises.

The Missionary Support Fund is to assist funding of mission workers in the UK and abroad.

The Warm Space fund was created over the winter period 2022/23 to provide a 'Community warm space' in the Church building . Although open to anyone, it was aimed particularly at those who may have been struggling to heat their homes.

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 18

NEW LIFE CHURCH, BIGGIN HILL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 MARCH 2024

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Other charitable activities
4
Other income
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		 2024
2023
£
£
216,137
207,214
9,176
4,702
439
130
225,752
212,046
264,431
221,578
264,431
221,578
(38,679)
(9,532)
(272)
-
(38,951)
(9,532)
160,619
170,151
121,668
160,619
Unrestricted Funds - General		 2024
2023
£
£
10,000
10,000
10,000
10,000
7,159
-
7,159
-
2,841
10,000
2,841
10,000
140,570
130,570
143,411
140,570
Unrestricted Funds - Designated		 2024
2023
£
£
119,261
105,428
-
-
-
-
119,261
105,428
125,832
109,935
125,832
109,935
(6,571)
(4,507)
272
-
(6,299)
(4,507)
66,415
70,922
60,117
66,415
Restricted Funds		 Total
Funds
2024
£
345,398
9,176
439
355,013
397,422
397,422
-
(42,409)
-
(42,409)
367,604
325,195		 Total
Funds
2023
£
322,642
4,702
130
327,474
331,513
331,513
-
(4,039)
-
(4,039)
371,643
367,604

Page 19