2021-03-31-accounts - The New Life Church, Woking

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1.	ADMINISTRATIVE DETAILS
2.	OBJECTIVES AND ACTIVITIES.
3.	STRUCTURE, GOVERNANCE AND MANAGEMENT.
4.	ACHIEVEMENTS & PERFORMANCE
5.	FINANCIAL REVIEW
6.	STATEMENT OF TRUSTEES RESPONSIBILITIES
7.	INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW LIFE CHURCH, WOKING, CIO.......15

				Unrestricted	Restricted	Total
				funds	funds	funds
			Notes	E	f	f
INCOME AND ENDOWMENTS
Donations and Legacies				232,571	63,334	295,905
Charitable Activities				14,043		14,043
Investments				948		948
Grants Received					20,500	20,500
Total				247,562	83,834	331,396
EXPENDITURE
Expenditure on Charitable		Activities
Missions				53,358	36,671	90,029
Church				218,192	20,092	238,284
Governance Costs				13,649		13,649
Total				285,199	56,763	341,962
NET INCOME/(EXPENDITURE)				-37,637	27,071	-10,566
TRANSFERS BETWEEN		FUNDS	17	2,063	-2,063
NET MOVEMENT	OF FUNDS			-35,574	25,008	-10,566
RECONCILIATION	OF FUNDS
Total funds brought	forward			897,563	32,086	929,649
TOTAL FUNDS CARRIED FORWARD				861,989	57,094	919,083

				Unrestricted	Restricted	Total
				funds	funds	funds
			Notes			f
INCOME AND ENDOWMENTS
Donations and Legacies				221,926	70,988	292,914
Charitable Activities				21,629		21,629
Investments				1,088		1,088
Insurance Claim				10,241		10,241
Total				254,884	70,988	325,872
EXPENDITURE
Expenditure on Charitable		Activities
Missions				50,957	22,315	73,272
Church				230,021	22,042	252,063
Governance Costs				14,074		14,074
Total				295,052	44,357	339,409
NET INCOME/(EXPENDITURE)				-40,168	26,631	-13,537
TRANSFERS BETWEEN FUNDS			17	465	-465
NET MOVEMENT	OF FUNDS			-39,703	26,166	-13,537
RECONCILIATION	OF FUNDS
TRANSFER FROM	NEW	LIFE CHURCH		937,266	5,920	943,186
TOTAL FUNDS CARRIED FORWARD				897,563	32,086	929,649

			BALANCE SHEET As	at 31"March	2021
			Notes	2021f	2021	2020 f	2020 f
FIXED ASSETS
Tangible Assets			12		768,379		798,064
CURRENT	ASSETS			f
Debtors			13	22,551		30,035
Cash at bank and in		hand		137,820		108,439
				160,371		138,474
CURRENT	LIABILITIES
Creditors:	Amounts	due
within one	year		14	-9,667		-6,889
				-9,667		-6,889
NET CURRENT ASSETS					150,704		131,585
NET ASSETS					919,083		929,649
Represented	by:
FUNDS			16
Unrestricted funds					861,989		897,563
Restricted	funds				57,094		32,086
					919,083		929,649

2.VOLUNTARY	INCOME
			01/04/20		31/O3/19
			31/O3/Z1		31/o3/zo
				f	f
Gift Aid donations				231,746	243,440
Other donations				64,159	49,474
				295,905	292,914
3.INCOMING RESOURCES FROM		CHARITABLE ACTIVITIES
			01/04/20		31/03/19
			31/O3/Z1f		31/03/20f
Other income				14,043	21,629
				14,043	21,629
4.INVESTMENT	INCOME
			01/04/20		31/03/19
			31/03/21f		31/03/20f
Deposit account	interest			948	1,088
				948	1,088
S.CHARITABLE	ACTIVITIES COSTS
			Grant funding of
		Direct Costs	activities		Support Costs	Totals
		(see note 6)f	(see	note 7)f	(see note 8)f	f
Church		204,992		12,773	33,264	251,029
Missions				77,256		77,256
		204,992		90,029	33,264	328,285
6.DIRECT COSTS OF CHARITABLE		ACTIVITIES
			01/04/20		31/03/19
			31/O3/Z1f		31/o3/zof
Trustees' remuneration				56,686	56,015
Trustees' expenses				270	907
Staff remuneration		Note 18		41,708	40,369
Staff expenses		Note 18		584	1,118
Hire of premises				22,223	21,014
Premises and insurance				18,298	20,662
Light and heat				4,382	4,576
Sundries				29,281	43,589
Depreciation				31,560	32,647
				204,992	220,897

7.GIFTS MADE	7.GIFTS MADE
		01/04/20	31/03/19
		31/03/21f	31/03/20f
Missions		73,893	71,012
Church	Fellowship	15,973	2,155
Bank charges		163	105
		90,029	73,272

				Unrestricted	Restricted	Total	Total
				01/04/20	01/04/20	01/04/20	31/03/19
				31/03/21	31/03/21f	31/03/21f	31/03/20f
Ag C DeFreitas (YWAM)				7,300	8,258	15,558	15,795
Across Ministries				1,530	0	1,530	1,490
African Pastors				1,000	40	1,040	0
Andrew Bates (Stewardship			Fund)	2,030	0	2,030	1,030
C S.A Webb				0	0	0	4,800
David Hathaway Elam Ministries				100 1000	0 360	100 1,360	0 1,110
Engage Fellowship Fund Gifts				2,880 0	0 10,683	2,880 10,683	2,800 0
Gundula Koethnig	(South	Africa)		5,460	7,192	12,652	12,192
H Thompson (Powerpack		Ministry)		8,180	1,013	9,193	8,225
Israel (see detail below)				13,620	0	13,620	13,205
j Koch				0	1,687	1,687	0
Living Fire				1,500	0	1,500	0
Local Missions				139	0	139	340
N 5j Sayers (Fullness and Pastoral Visits		Fun)		0 0	900 0	900 0	900 812
Pat Frame (Ezra International)				2,780	3,175	5,955	5,613
Romania				3,349	0	3,349	2,700
Street Angels				400	0	400	0
Youth Trip Refunds Other gifts made				0 2,090	3,200 0	3,200 2,090	0 2,155
				53,358	36,508	89,866	73,167
Israel Detail
Mark Ashkenazi				2,215		2,215	2,650
Guy Cohen Lev Havkim				2,215 2,190		2,215 2,190	2,025 2,190
Ezra International				2,000		2,000	1,340
Christian Friends of Israel				1,950		1,950	1,950
Prayer for Israel Hani Sayegh				1,025 2.025		1,025 2,025	1,025 2,025
				13,620		13,620	13,205

8.SUPPORT COSTS
	01/04/20	31/O3/19
	31/O3/Z1f	31/03/20f
Salaries	22,520	21,024
Pensions	1,559	1,521
Social security	689	709
Office and telephone	7,561	7,089
Sundries	963	823
	33,292	31,166

					01/04/20	31/03/19
					31/03/21f	31/o3/zof
Salaries					9,881	9,639
Pension					889	868
Social Security					79	87
Legal Fees					0	540
Independent		Examiner's	Fees		2,800	2,940
					13,649	14,074
10.TRUSTEES' REMUNERATION				AND BENEFITS
					01/04/20	31/O3/19
					31/O3/Z1f	31/03/20f
Trustees'	salaries				47,545	47,912
Trustees'	pension contribution				7,102	6,885
Trustees'	social security				2,039	1,218
					56,686	56,015
					01/04/20	31/O3/19
					31/O3/Z1f	31/o3/zof
Trustee's	expenses				270	907

11.ST	AFF COSTS
		01/04/20	31/03/19
		31/O3/Z1f	31/o3/zof
Wages	and salaries	118,116	112,863
Other	pension costs	11,718	11,335
Social	security	4,177	3,504
		134,011	127,702

	01/04/20	31/03/19
	31/O3/Z1	31/03/20
Trustee	2	2
Direct Charitable	2	2
Support	2	2
Governance	1	1

12.TANGIBLE FIXEDASSETS
	Freehold	Fixtures &	Computer	Total
	Propertyf	Fittingsf	Equipmentf
COST
As at 1"April 2020	1,022,000	299,161	16,399	1,337,560
Additions		1,875		1,875
Disposa Is
As at 31"March 2021	1,022,000	301,036	16,399	1,339,435
DEPRECIATION
As at 1"April 2020	243,000	280,097	16,399	539,496
Charge for the year	19,000	12,560		31,560
Disposals
As at 31"March 2021	262,000	292,657	16,399	571,056
NET BOOK VALUE
As at 31"March 2021	760,000	8,379		768,379
As at 31"March 2020	779,000	19,064		798,064

NOTES TO	NOTES TO	THE FINANCIAL STATEMENTS for the	THE FINANCIAL STATEMENTS for the	THE FINANCIAL STATEMENTS for the	ear ended 31"March 2021	ear ended 31"March 2021
				~CONTINUED
13.DEBTORS:AMOUNTS		FALLING DUE WITHIN		ONE YEAR
				31/O3/Z1f	31/o3/zof
Gift Aid tax recoverable				22,551	28,535
Loans outstanding					1,500
				22,551	30,035
14.CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
				31/O3/Z1f	31/o3/zof
Trade creditors				3,913	5,018
Taxation and social security				5,754	1,871
				9,667	6,889
15.ANALYSIS OF	NET ASSETS BETWEEN FUNDS 31/O3/Z1			31/O3/Z1	31/O3/Z1	31/03/20
			Unrestricted	Restricted	Total	Total
			fundsf	fundsf	fundsf	fundsf
Fixed assets Current assets Current liabilities			768,379 103,277 -9,667	57,094	768,379 160,371 -9,667	798,064 138,474 -6,889
			861,989	57,094	919,083	929,649
16.MOVEMENT	IN FUNDS		At 01/04/20	Net	Transfers 5	At 31/03/21
	from		New Life Churchf	movement f	adjustments f
Unrestricted funds General funds Capital reserve			99,335 798,228	-6,077 -31,560	188 1,875	93,446 768,543
			897,563	-37,637	2,063	861,989
Restricted funds Fellowship fund Mission fund Food Bank fund Building fund Other fund			2,616 6,674 1,060 22,280 -544	3,484 -3,364 11,428 11,774 3,749	-188 -1,875	6,100 3,122 12,488 32,179 3,205
TOTAL FUNDS			929,649	-10,566		919,083

	Incoming	Resources	Movement
	resourcesf	expendedf	in fundsf
Unrestricted funds
General fund	194,204	-200,281	-6,077
Missions	53,358	-53,358
Capital reserve		-31,560	-31,560
	247,562	-285,199	-37,637
Restricted funds
Fellowship Fund	14,167	-10,683	3,484
Mission fund	22,624	-25,988	-3,364
Building fund	11,774		11,774
Food Bank fund	28,604	-17,176	11,428
Other fund	6,665	-2,916	3,749
TOTAL FUNDS	331,396	-341,962	-10,566

			01/04/20	31/03/19
			31/03/21	31/03/20
			E	E
INCOMING RESOURCES
Voluntary Income
Gifts			231,746	243,440
Donations			64,159	49,474
			295,905	292,914
Investment Income
Deposit account interest			948	1,088
			948	1,088
Incoming resources from	charitable	activities
Other income			14,043	21,629
			14,043	21,629
Insurance Claim				10,241
				10,241
Grants Received			20,500
			20,500
Total incoming resources			331,396	325,872
RESOURCES EXPENDED
charitable expenses
Trustees' salaries			47,545	47,912
Trustees' pension contributions			7,102	6,885
Trustees' social security			2,039	1,218
Trustees' expenses			270	907
Staff remuneration			41,708	40,369
Staff expenses			584	1,118
Hire of premises			22,223	21,014
Premises and insurance			18,298	20,662
Light and heat Sundries			4,382 29,412	4,576 43,589
Depreciation offreehold	property		19,000	19,000
Depreciation offixtures and fittings			12,560	13,200
Depreciation ofcomputer Gifts to institutions	equipment		74,056	447 71,117
Gifts to individuals			15,842	2,155
			295,021	294,169

			01/04/20	31/03/19
			31/03/21f	31/03/20f
Governance	costs
Salaries			9,881	9,640
Pensions			889	867
Social Security			79	87
Lega Ifees				540
Independent	examination	fees	2,800	2,940
			13,649	14,074
Support costs
Wages			22,520	21,024
Pensions			1,559	1,521
Social security			689	709
Office and telephone			7,561	7,089
Sundries			963	823
Volunteers'	expenses
			33,292	31,166
Total resources expended			341,962	339,409
Net (expenditure)/income			-10,566	-13,547