| 1. | ADMINISTRATIVE DETAILS |
|
|---|---|---|
| 2. | OBjECTIVESAND ACTIVITIES | |
| S. | STRUCTURE, GOVERNANCE AND MANAGEMENT . |
|
| 4. | ACHIEVEMENTS AND PERFORMANCE | |
| 5. | FINANCIAL REVIEW. | .12 |
| 6. | STATEMENT OFTRUSTEES RESPONSIBILITIES | |
| 7. | INDEPENDENT EXAMINER'5 REPORT TO THE TRUSTEES OF THE NEW LIFECHURCH, WOKING, CIO | |
| 14 |
| STATEMENT OF FINANCIAL ACTIVITIES for the | STATEMENT OF FINANCIAL ACTIVITIES for the | STATEMENT OF FINANCIAL ACTIVITIES for the | ear ended 31"March 2023 | ear ended 31"March 2023 | ||
|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Total | |||
| funds | funds | funds | funds | |||
| Notes | f | f | f | |||
| INCOME AND | ENDOWMENTS | |||||
| Donations and Legacies |
247,018 | 10,656 | 88,892 | 346,566 | ||
| Charitable Activities |
20,669 | 20,669 | ||||
| Investments | 3,087 | 3,087 | ||||
| Grants Received | 30,360 | 30,360 | ||||
| Total | 270,774 | 10,656 | 119,252 | 400,682 | ||
| EXPENDITURE | ||||||
| Expenditure on |
Charitable Activities |
|||||
| Missions | 56,422 | 22,376 | 78,798 | |||
| Church | 202,332 | 36,910 | 239,242 | |||
| Governance Costs |
14,514 | 14,514 | ||||
| Total | 273,26& | 59,286 | 332,554 | |||
| NET INCOME/(EXPENDITURE) | -2,494 | 10,656 | 59,966 | 68,128 | ||
| TRANSFERS BETWEEN FUNDS | 17 | -21,750 | 10,000 | 11,750 | ||
| NET MOVEMENT OF FUNDS | -24,244 | 20,656 | 71,716 | 68,128 | ||
| RECONCILIATION OF FUNDS |
||||||
| TOTAL FUNDS | BROUGHT FORWARD | 871,483 | 49,775 | 921,258 | ||
| TOTAL FUNDS | CARRIED FORWARD | 847,239 | 20,656 | 121,491 | 989,386 |
| 2022 | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| Notes | f | f | f | ||
| INCOME AND ENDOWMENTS | |||||
| Donations and Legacies |
235,968 | 65,436 | 301,404 | ||
| Charitable Activities |
18,453 | 18,453 | |||
| Investments | 517 | 517 | |||
| Grants Received | 7,500 | 7,500 | |||
| Total | 254,938 | 72,936 | 327,874 | ||
| EXPENDITURE | |||||
| Expenditure on Charitable |
Activities | ||||
| Missions | 56,579 | 37,112 | 93,691 | ||
| Church | 196,852 | 20,904 | 217,756 | ||
| Governance Costs |
14,252 | 14,252 | |||
| Total | 267,683 | 58,016 | 325,699 | ||
| NET INCOME/(EXPENDITURE) | -12,745 | 14,920 | 2,175 | ||
| TRANSFERS BETWEEN | FUNDS | 22,239 | -22,239 | ||
| NET MOVEMENT | OF FUNDS | 9,494 | -7,319 | 2,175 | |
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought | forward | 861,989 | 57,094 | 919,083 | |
| TOTAL FUNDS CARRIED FORWARD | 871,483 | 49,775 | 921,258 |
| NOTES TO THE FINANCIAL STATEMENTS forthe | NOTES TO THE FINANCIAL STATEMENTS forthe | NOTES TO THE FINANCIAL STATEMENTS forthe | NOTES TO THE FINANCIAL STATEMENTS forthe | ear ended 31"March 2023 | ear ended 31"March 2023 | ||
|---|---|---|---|---|---|---|---|
| CONTINUED | |||||||
| 2.VOLUNTARY | INCOME | ||||||
| 01/04/22 | 01/04/21 | ||||||
| 31/03/23 | 31/03/22 | ||||||
| f. | f. | ||||||
| Gift Aid donations | 202,916 | 218,815 | |||||
| Other donations | 143,650 | 82,589 | |||||
| 346,566 | 301,404 | ||||||
| 3.INCOMING | RESOURCES FROM CHARITABLE ACTIVITIES | ||||||
| 01/04/22 | 01/04/21 | ||||||
| 31/03/23f | 31/03/22f | ||||||
| Other income | 20,669 | 18,453 | |||||
| 20,669 | 18,453 | ||||||
| 4.INVESTMENT | INCOME | ||||||
| 01/04/22 | 01/04/21 | ||||||
| 31/03/23f | 31/03/22f | ||||||
| Deposit account | interest | 3,087 | 517 | ||||
| 3,087 | 517 | ||||||
| 5.CHARITABLE | ACTIVITIES COSTS | ||||||
| Grant funding of | |||||||
| Direct Costs | activities | Support Costs | Totals | ||||
| (see note | 6) f. |
(see note 7) | (see note 8) f. |
f | |||
| Church | 210,201 | 4,953 | 29,041 | 244,195 | |||
| Missions | 73,845 | 73,845 | |||||
| 210,201 | 78,798 | 29,041 | 318,040 | ||||
| 6.DIRECT COSTSOF CHARITABLE | ACTIVITIES | ||||||
| 01/04/22 | 01/04/21 | ||||||
| 31/03/23 f. |
31/03/22f | ||||||
| Trustees' remuneration |
41,246 | 42,543 | |||||
| Trustees' expenses Staff remuneration |
Note 18 | 547 39,210 |
263 30,694 |
||||
| Staff expenses Hire ofpremises Premises and insurance |
Note 18 | 1,018 25,958 21,615 |
801 22,400 21,031 |
||||
| Light and heat Sundries |
5,098 45,411 |
5,312 29,887 |
|||||
| Depreciation | 30,098 | 31,810 | |||||
| 210,201 | 184,741 |
| 7.GIFTS | 7.GIFTS | MADE | |||||||
|---|---|---|---|---|---|---|---|---|---|
| 01/04/22 | 01/04/21 | ||||||||
| 31/03/23f | 31/03/22f | ||||||||
| Missions | 73,778 | 84,600 | |||||||
| Church | Fellowship | 4,953 | 8,832 | ||||||
| Bank charges | 67 | 259 | |||||||
| 78,798 | 93,691 | ||||||||
| The total grants paid to institutions | during the year was as follows | ||||||||
| Unrestricted | Restricted | Total | Total | ||||||
| 01/04/22 | 01/04/22 | 01/04/22 | 01/04/21 | ||||||
| 31/03/23f | 31/03/23f | 31/03/23f | 31/03/22f | ||||||
| A&C DeFreitas (YWAM) | 8,470 | 7,123 | 15,593 | 15,584 | |||||
| Across Ministries | 1,610 | 1,610 | 1,580 | ||||||
| African Pastors | 1,000 | ||||||||
| Andrew Bates (Stewardship | Fund) | 2,130 | 2,130 | 2,090 | |||||
| Churches Together Elam Ministries |
in Woking | SO 1,080 |
30 | 80 1,110 |
280 1,420 |
||||
| Engage Ezra (UK) |
3,030 5,400 |
300 | 3,030 5,700 |
2,970 9,291 |
|||||
| Fellowship Fund Gifts |
2,237 | 2,237 | 6,782 | ||||||
| Gundula Koethnig |
(South | Africa) | 6,783 | 8,024 | 14,807 | 12,655 | |||
| H Thompson (Powerpack |
Ministry) | 8,600 | 1,062 | 9,662 | 9,480 | ||||
| Israel (see detail below) | 11,000 | 11,000 | 14,443 | ||||||
| J Lubinga Local Missions |
552 600 |
||||||||
| N &JSayers (Fullness and | Fun) | 900 | 900 | 900 | |||||
| Pat Frame (Ezra International) | 2,920 | 2,625 | 5,545 | 5,485 | |||||
| Romania | 1,345 | 15 | 1,360 | 4,370 | |||||
| Spirit Matters Street Angels |
750 500 |
750 500 |
1,500 400 |
||||||
| Other gifts made | 2,717 | 2,717 | 2,050 | ||||||
| 56,415 | 22,316 | 78,731 | 93,432 | ||||||
| Israel | Detail | ||||||||
| Mark Ashkenazi | 2,500 | 2,500 | 2,700 | ||||||
| Guy Cohen Lev Havkim |
2,500 2,500 |
2,500 2,500 |
2,313 4,325 |
||||||
| Ezra International | 2,000 | ||||||||
| Christian | Friends of Israel | 2,300 | 2,300 | 2,000 | |||||
| Prayer | for Israel | 1,200 | 1,200 | 1,105 | |||||
| 11,000 | 11,000 | 14,443 |
| 8.SUPPORT COSTS | 8.SUPPORT COSTS | ||||
|---|---|---|---|---|---|
| 01/04/22 | 01/04/21 | ||||
| 31/O3/Z3f | 31/03/22f | ||||
| Salaries | 18,159 | 21,033 | |||
| Pensions | 1,358 | 1,598 | |||
| Social security Office and telephone |
152 6,466 |
546 7,599 |
|||
| Volunteer's Expenses Sundries |
5 2,901 |
53 2,186 |
|||
| 29,041 | 33,015 | ||||
| 9.GOVERNANCE | COSTS | ||||
| 01/04/22 | 01/04/21 | ||||
| 31/O3/Z3f | 31/O3/22f | ||||
| Salaries | 10,330 | 10,128 | |||
| Pension | 930 | 911 | |||
| Social Security Legal Fees Bank charges Interest on tax paid late |
29 75 |
79 131 30 153 |
|||
| Independent Examnine's |
Fees | 3,150 | 2,820 | ||
| 14,514 | 14,252 | ||||
| 10.TRUSTEES' REMUNERATION | AND BENEFITS | ||||
| 01/04/22 | 01/04/21 | ||||
| 31/03/23f | 31/o3/zzf | ||||
| Trustees' salaries | 34,736 | 34,836 | |||
| Trustees' pension |
contribution | 5,905 | 6,162 | ||
| Trustees' social security |
605 | 1,545 | |||
| 41,246 | 42,543 | ||||
| 01/04/22 | 01/04/21 | ||||
| 31/O3/Z3 | 31/O3/22 | ||||
| Trustee's expenses | 547 | 263 |
| 11.ST | AFF COSTS | ||
|---|---|---|---|
| 01/04/22 | 01/04/21 | ||
| 31/03/23 | 31/03/22 | ||
| E | E | ||
| Wages Other |
and salaries pension costs |
99,251 11,226 |
94,840 10,417 |
| Social | security | 938 | 2,275 |
| 111.415 | 107,532 |
| 01/04/22 | 01/04/21 | |
|---|---|---|
| 31/03/23 | 31/03/22 | |
| Trustee | 1 | 1 |
| Direct Charitable | 3 | 2 |
| Support Governance |
2 1 |
2 1 |
| 12.TANGIBLE FIXEDASSETS | ||||
|---|---|---|---|---|
| Freehold | Fixtures & | Computer | Total | |
| Property | Fittings | Equipment | ||
| E | E | E | ||
| COST | ||||
| As at 1"April 2022 | 1,022,000 | 332,423 | 16,399 | 1,370,822 |
| Additions | 1,222 | 1,222 | ||
| Disposals | ||||
| As at 31"March 2023 | 1,022,000 | 333,645 | 16,399 | 1,372.044 |
| DEPRECIATION | ||||
| As at 1"April 2022 Charge for the year |
281,000 19,000 |
305,467 11,098 |
16,399 | 602,866 30,098 |
| Disposals | ||||
| As at 31"March 2023 | 300,000 | 316,565 | 16,399 | 632,964 |
| NET BOOK VALUE | ||||
| As at 31"March 2023 | 722,000 | 17,080 | 739,080 | |
| As at 31"March 2022 | 741,000 | 26,956 | 767,956 |
| NOTES | TO | THE FINANCIAL STATEMENTS forthe | THE FINANCIAL STATEMENTS forthe | ear ended 31"March 2023 | ear ended 31"March 2023 | |
|---|---|---|---|---|---|---|
| 13.DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||||
| 31/O3/Z3 | 31/o3/zzf | |||||
| Gift Aid tax recoverable | 21,362 | 24,222 | ||||
| Loans outstanding | 1,275 | 444 | ||||
| 22,637 | 24,666 | |||||
| 14.CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||||
| 31/O3/Z3 | 31/o3/zzf | |||||
| Trade creditors | 9,720 | 5,915 | ||||
| Taxation and social security | 708 | 1,281 | ||||
| 10,428 | 7,196 | |||||
| 15.ANALYSIS OF NET ASSETS BETWEEN FUNDS | ||||||
| 31/O3/Z3 | 31/O3/Z3 | 31/03/Z3 | 31/o3/zz | |||
| Unrestricted | Restricted | Total | Total | |||
| fundsf | fundsf | fundsf | fundsf | |||
| Fixed assets | 739,080 | 739,080 | 767,956 | |||
| Current assets | 139,243 | 121,491 | 260,734 | 160,498 | ||
| Current liabilities |
-10,428 | -10,428 | -7,196 | |||
| 867,895 | 121,491 | 989,386 | 921,258 | |||
| 16.MOVEMENT | IN FUNDS | |||||
| At 01/04/Zz | Net | Transfers & | At 31/O3/Z3 | |||
| from New Ufe Church f. |
movementf | adjustmentsf | ||||
| Unrestricted funds |
||||||
| General funds | 103,363 | 26,382 | -21,750 | 107,995 | ||
| Designated funds |
10,656 | 10,000 | 20,656 | |||
| Capitalreserve | 768,120 | -28,876 | 739,244 | |||
| 871,483 | 8,162 | -11,750 | 867,895 | |||
| Restricted funds | ||||||
| Fellowship fund |
2,206 | 232 | 2,438 | |||
| Mission fund | 2,917 | -75 | 2,842 | |||
| Building fund | 32,768 | 70,343 | 11,750 | 114,861 | ||
| Food Bank Grants fund | 1,713 | -1,713 | ||||
| Food Bank fund | 8,980 | -3,089 | 5,891 | |||
| Other fund | 1,191 | -5,732 | -4,541 | |||
| TOTAL FUNDS | 921,258 | 68,128 | 989,386 |
| Incoming | Resources | Movement | |
|---|---|---|---|
| resourcesf | expendedf | in fundsf | |
| Unrestricted funds |
|||
| General fund | 214,352 | -187,970 | 26,382 |
| Designated fund |
10,656 | 10,656 | |
| Missions | 56,422 | -56,422 | |
| Capital reserve | -28,876 | -28,876 | |
| 281,430 | -273,268 | 8,162 | |
| Restricted funds | |||
| Fellowship Fund Mission fund |
2,469 20,064 |
-2,237 -20,139 |
232 -75 |
| Building fund Food Bank Grants fund |
70,343 16,360 |
-18,073 | 70,343 -1713 |
| Food Bank fund | 5,430 | -8,519 | -3,089 |
| Other fund | 4,586 | -10,318 | -5,732 |
| TOTAL FUNDS | 400,682 | -332,554 | 68,128 |
| 01/04/22 | 01/04/21 | ||
|---|---|---|---|
| 31/03/23f | 31/03/ZZ | ||
| INCOMING RESOURCES |
|||
| Voluntary Income |
|||
| Gifts | 202,916 | 218,815 | |
| Donations | 143,650 | 82,589 | |
| 346,566 | 301,404 | ||
| Investment Income |
|||
| Deposit account interest | 3,087 | 517 | |
| 3,087 | 517 | ||
| Incoming resources from charitable | activities | ||
| Otherincome | 20,669 | 18,453 | |
| 20,669 | 18,453 | ||
| Grants Received | 30,360 | 7,500 | |
| 30,360 | 7,500 | ||
| Total incoming resources | 400,682 | 327,874 | |
| RESOURCES EXPENDED | |||
| charitable expenses | |||
| Trustees' salaries | 34,736 | 34,836 | |
| Trustees' pension contributions |
5,905 | 6,162 | |
| Trustees' social security |
605 | 1,545 | |
| Trustees' expenses | 547 | 263 | |
| Staff remuneration | 25,958 | 30,694 | |
| Staf expenses | 1,018 | 801 | |
| Hire of premises | 25,958 | 22,400 | |
| Premises and insurance | 21,615 | 21,031] | |
| Light and heat Sundries |
5,098 45,411 |
5,312 29,887 |
|
| Depreciation offreehold property |
19,000 | 19,000 | |
| Depreciation offixtures and fittings |
11,098 | 12,810 | |
| Gifts to institutions | 73,845 | 84,859 | |
| Gifts to individuals | 4,953 | 8,832 | |
| 288,999 | 278,432 |
| 01/04/22 | 01/04/21 | |||
|---|---|---|---|---|
| 31/03/23f | 31/03/22 | |||
| Governance | costs | |||
| Salaries | 10,330 | 10,128 | ||
| Pensions | 930 | 911 | ||
| Social Security | 29 | 79 | ||
| Legal fees | 131 | |||
| Bank Charges | 75 | 30 | ||
| Interest on | tax paid late | 153 | ||
| Independent | examination | fees | 3,150 | 2,820 |
| 14,514 | 14,252 | |||
| Support costs | ||||
| Wages | 18,159 | 21,033 | ||
| Pensions | 1,358 | 1,598 | ||
| Socia I security | 152 | 546 | ||
| Office and telephone | 6,466 | 7,599 | ||
| Sundries | 2,901 | 2,186 | ||
| Volunteers' | expenses | 5 | 53 | |
| 29,041 | 33,015 | |||
| Total resources expended | 332,554 | 325,699 | ||
| Net (expenditure)/income | 68,128 | 2,175 |