CHARITABLE INCORPORATED ORGANISATION NUMBER.. 1177764 New Life Church Woking rsrAIYJ R . g Aeknuen - frAklJ[ormikg7 eArfA ,on earth as it is in heaven., Matthew 6..10 High Street, Old Woking, Surrey. GU22 9BX www.newlifewoking.com REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS for the year ended 31st March 2024
THE NEW LIFE CHURCH, WOKING CIO CONTENTS OF THE REPORTOF THETRUSTEES & FINANCIAL STATEMENTS for the year ended 31 March 2024 I. ADMINISTRATIVE DETAILS ,,,.,,....,................................ I. OBJEcfivES ANO ACTIVITIES ........................... 3. STRUCTURE, GOVERNANCE AND MANAGEMENT ........,.................... ACHIEVEMENTS AND PERFORMANCE ............................... io 5. FINANCIAL REVIEW,,....,..,....................................... .12 6. STATEMENT OFTRUSTEES, RESPONSIBILITIES.......... .13 INDEPENDENT EXAMINER'S REPORT YO THE TRUSTEES OF THE NEW LIFE CHURCH, WOKING CIO .14 The Trustees present thelr report with the finan¢ial statements of the charlty for the year ended 31 March 2024 as required under the Charltles Act 2011. The Trustee5 have adopted the provlslons of the Statèment of Recornmended PracCe ISORPI issued in 2015 for churches with a gross income of over £250.000. New Life Church, Woklng CIO.Annual Report.. April 2013-March Z024Ver5ion 5
I. ADMINISTRATIVE DETAILS Charltable IncDrporated Organlsation.. Reglstered Charity number.. 1177764 Charltable Unlncorporated Asso¢iation.' Reglstered Charlty number: 1136353 Principal Address Igh Street OLD WOKING Surrey GU229BX Trustees of the Charitable Incorporated Organlsatlon las at the AGM on 24th January 20241 Giles Gllllngham (Chalr of Trustees) Tony Faccini ITreasurerl Alan Nelson IPa5torl Rowland Lynch Peter Edwards Isafeguardlng Trustee) Vlncent Sacco (Assotiate Pastor from May 20231 Trustee of the Charitable Unlncorporated Associatlon The New Life Chvr¢h, Woking CIO Independent Examlners Bankers Shaw Gibb3 Llmlted Wey Court Wesl Unlon Road Farnharll Road Surrey GU97PT Lloyds Bank 6 Commerclal Way Wokln8 Surrey GU216ER GOVERNING DOCUMENT The New Llfe church, W¢kin8 operates as a Charltable Incorporated Or8anlsation ICIOI and Is controlled by its Governlng Document, a Constitthion adopted on 24ih january 2018. The Constltution is supplemented by the Church Leadership Procedure5 and other pollcles that are set out In the Church Handbook, All the assets of the Charllable Unincorporated Assoclatlon111363531 were transferred to the CIO on 14ih August 2018, and the Unincorporated Charity is a dormant entity1Snked to the CIO under a Linking Order Issued by the Charlty Commission and effectlve as of 22nd July 2018. The CIO is the sole member and Trustee of the Unincorporated Charity. NgwLlfe Church, Woking cio. Annual Reporl-.Aprll 2023-k4arth 2024Ver51or 5
- OBJECTIVES AND ACTIVITIES OBJECTIVES New Life Church Ifornierly Kin8field Baptist Church) was started in 1929 as a Sunday School and Church plant from the Ithenl Woking 88Ptlst Church. It became an independent Baptist Church in 1956 with 91 Foundation Members. The prlnclpal purpos• of the church is the advancement of the Chrlstlan falth according to the principles of the Baptist denomination. The church may Iso advance educatlon and carry out other tharltable purposes in the Unlted Kingdom and/or other parts of the world. We do thls through the promotion of Chrlstlan Falth, Charltsble Glvlng, Pastoral Support and general Rltes of paa8•- weddin85, funerals. baptisms, etc. NLC FOUNDATIONAL DNA New Life Church has Identified 5 areas of str•n8th that are Inherent In Its foundation (Our "Foundatlonal DNA"). We seek to resource these area5 as much as possible in terms of commltmenL staff and finance. These S strengths are,. Youth & Children's Ministry Biblical Teaching Support for Overseas Mission The place of15r8el in God's Purposes Bein8 a "Place of Refuge & Grace" lor those bartered by the storm5 01 life, NLC VISION STATEMENT 'We want to be a ehurch that equips all people to live a joyful and genuine Christian11fe through experlenclnq the presence of God, Ilvlng by the word ol God, lovlng one another as the family of God. and transformlng the world through the power and love of God." MISSION STATEMENT "We willseek tofulfll ourvision with qn7ce und Inteqrlty, acknowledging ourdependence on the Holy Spirit to moke us o sacrlAlclulond lrtluslve community thot welcome5 011 people, and recognises thotoll people are on a lifelongiourney of trc7nsformotion. We are motlvuted by Gods heart of loveforall people- revealed supremefy in the life& ministry of Jesus Chri5t- irrespective of oge. religion, 5tqtus orgender.. NewLifeChurch, Wokin8 CID.Annual Reptyrt-. Aprll 2023-March 2024Ver5ion5
ACTIVITIES The Trustees are aware of the Charity CommissSon's guid3nce on public benefit. In order to meet these objectives, our activities Include those mentioned below, whlch are 811 open to both church members/attender5 and the local and wider communlty. WORSHIP SERVICES While living through the aftermath of the Coron8viru5 Pandemic resulted In a dlmlnished con8re8ation, we cre pleased to see some new folk attending the church. There is a growing sense of expectancy and hope as we ¢¢ntinue to pursue God's presence. We continue wth our monthly Informal"Café-style" services which started In October 2021 as people were ieturning to church after the Pandemic. While they were origlnally set up to relleve the pressures on worship, youth and childrèn's teams, Café-style services have lor8ed an identity of their own offering a morè'inclusii'e" and infomial style of servlce ihat Is enjoyed by manv. We contlnue to stream servlces throu8h the Internet when we have sufficlent volunteers to operate the streaming system. We do have some people who regularly.lune In" to these services, as do regular attènders If they are away lor any reason. CONNECT GROUPS Our smallèr'connect Groups" contlnue a pattern of regular meetln6. There continues to be a mlx of locus within the different groups, but all seek to enable closer relatitsnships that encourage care and support. Slnce the appointment of Vincent Sacco In May 2023, he has taken on responsibillty lor Connect Groups. We are looklng for Connect Groups to be¢ome more focused on discipleship- encouraglng all partlclpants to develop their walk with God. nnect ups LOOSE THREADS. Loose Threads connect group 15 Ostensibly a craftlnB group, but It serves as a way to ¢at¢h up with people, become aware ol needs and also as a great frlendship group. It includes non-christians who feel comfortable Comin8. Thls year, among other things, the group has been knittin8 5cft toys lor a Children's OrphanaBe we have links to in Kenya, and also squares for the local Maternity Unil that hdp mothers and bables bond. LOOSE THREADS i N4W.DiiN&Chnl PASTORAL CARE As alw8VS theie have been rnany pastoral needs during thi5 year and we are very grateful to those who have given lifts, wsited people in their homes or visited people In hospital. Alongside thls has grown the need for more people to be involved In the ministry of inner healing as new people joln us from backgrounds thai have been dysfunctlon818nd trauma filled. In the autumn Andrew Bates and Karen Nelson attended an NHS mental health course which wa5 very helpful, Some also attended a regular support loom for people helping those with particularly deep-set trauma. Alongside the visits and 8dwce our pastoral team and vOn1eers give, New Life also seeks to provide financial help to those in need. There are occasional "one off, glfts made to people who find themselves in an New LileChur¢h, W¢kin8 CIO. Annual Report'.April 2023-March 2024VersSon5
unexpected financial crlsls, and in addition to Food Bank clients- we also glve financial gifts to families and others on the approach to Christmas. We have run 2 Freedom-in-christ courses which have been well-attended and have brought freedom and healing to many. CHILDREN & FAMILIES This year, we continued to provide weekly Brick Club lunchtime sessions at our local school, Kinglield Primary School, which have helped children to work together and regulate their emotions. Each session has a theme that is connected to positive values and Christian stories. The clubs have been enjoyed by the chlldren and will continue for the foreseeable future. We are also involved in presentlng monthly a$5emblies at the school that are based on blble stories and give the chlldren an opportunity to particlpate. In the summer term of 2023, we worked alongside another outreach charity, Engage, and another local church. by helplng Year 6 children in two local primary schools with thelr transition to Secondary school. The-lvs Your Move" initiative also involved our lolnt fundin8 of booklèts that were distributed to the chlldren to help wlth thelr transition. During the summer of 2023, a couple of staff were trained in Drawing 2nd Talkin8Therapy lo help settle four children in the church who had additional needs. Each child received 12 sessions ol weekly therapy. This Iherapy was also offered to our local school and has helped a chlld work through some difficultle5 and settle back into school Ilfe. During the Autumn term. we reached out to our local school and ran a craft stall raising £50 for the school. We also provlded food hampers tg 5 familles who the schod identified as beifig In need. AlonB5ide our Te8ulèr Sunday children's 8roup5, we arranged training by professionals who have expertise In Additional Needs and Trauma for all our volunteers who are a part ol the Children's Minlstry at the church to ensure that we are understanding and supportln8 the children we serve In the church and lo¢al tommunlty. We have contlnued wlth our monthly family support group that was Initially meant to support parents of children with additional needs only. Thls group was expanded to a Parenting Support Group as a way of supporting all parents in raising their children, YOUTH In the last year, we have continued to run both Sunday and Friday youth provlsion with our team of dedicated volunteer leaders. We've also had Will and Kari Nelson take up the running of the Frlday evening youth group. We've valued their contributions and their creativity and joy as they run this. The youth have a150 just begun to meet on Tuesday evenings for youth di5cipleshlp at the Sacco's home. We've had Nicola Rablndren regularly help lead this, with occaslonal help from Debbie 8urn5. Thus, wlth our three youth acVItieS we have good mix of social. blble-study, community. and Chrlstlan practice that seek to see our youth transfomied bv Gtsd's presence, love, word. and family. The youth have been helping with leading worship at rnost Café-style Services as well. Il's been 8ood to see the youth band back up and running. The youth also served at the Light Event in October. In Novernber of 2023, we baptised five of our youth in one Service. It was a real joy to see them all confess their faith boldly before the whole church family. NewLifeChvrch, Woklng CIO.Annual Repor%..April 2023-March 2024Ver5ion5
MISSIONS Local, N3tion31 and International MissSon continuès to be a focus of New Llfe Church. We are blessed to have been able to maintain giving to organlsations and individuals who are serving Chrlsvs mission in different ways, KINGFIELD ARC (Acceptance, Restoration. Compassion) continues as an umbrella for the communlty focused activities of NLC. This enables each of our community-based projects to have a sense of mutual support, and also enables communication across the projerts to promote more harmony in terms of setting course dates and information sharing. The vario projects that make up KINGFIELD ARC have 8rown organically through developlng relationships and dlscove'v of local need5. These Include., FOOD BANK The South Woklng Comrnunlty Food Bank ISWCFBI, run by New Life Church INLCI. is now in its IO, year of operation. It is continuing to provide emergency food parcels to families that are struggling in the local ¢ommunity. Year 2023-24 has been the buslest on record Since the SWCFB started in November 2013. Demand has continued to incrèase by a further 12.5%, whlch ¢an primarily be attrlbuted to the cost-of-living crlsls Ihlgher food, fuel and energy costsl. Over the past year the Food Bank te3m have packed and delivered 490 food parcels lover 9 per weekl to needy 3nd vulnerable families in the local community. Each food parcel cont8in5 about 80 item5 Ilresh food, non-perlshable food and hoitsehold produ¢t51 and nearly 40,000 item5 have been 8iven awav. Durlng the year the SWCFB has recelved 8rants totalllng £23,020 and this ha5 helped the Food Bank to purchase the necessary food and household products that are needed for each of the food parcels. £5.000 came from the Communlty Foundation of Surrey ICFSI and £18.020 ¢arne from Surrey County Councll ISCCI as part of the 8overnment's Household Support Fund IHSFI. rhe 490 food parcels were 8lven to 53 new clients as well as slgnllicant number of existin8 clients that still need to be supported. About 50% of the food b3nk clients are single parent farnilies, 25% are two parent famllles and 25% are single people, The small but c¢mmitted team of volunteers, prlmarily from NLC, pack and then dellver food parcels to cllents, hornes on Wednesdays each week. Durin8 the vlsit the team take the opportunity to di5CUSS the cllents, sltuations and where posslble- slgnp05t them to other aBencles in the local area thèt may be able to help the farnilies wlth specific needs (furniture, white goods, debt counsellin8, mental health, addictlon support etc.). CHILL'N, CHAT Our communlty drop In,"Chill 'n' Chaf continue5 to be well received. We offer a warm welcorne with hot drinks and brunch and have a team on hand to listen and chat to guests. The alm Is to provide a place of belon8ing for guests where they can be8in a journey toward5 a fuller life. It continuès to be appreciated t)y local rnen Im3inlyl who are Isolated and who stru88le with thar rnental health at various levels. One of the fruits of this ministry is the friendships formed between guests. A number of gue5tS joined us for a summer outing to nearby Waverley Abbey House. 'IDppreclJteehillLTndchol èEcou5eii means thot Ictrrt htsve sole tsndhttppyploce to go to know thoi iflneed to tolkabout onything thLTll Ihot tliere Lvlllbe someone IhDtwlllhelp me. New Lifp Church, wone CIO. Annual Report.. Aprll 2023- March 2024Verslor 5
ALPHA We offered an evening Mpha course which ran from the end of January to the end of March. We had 5 guests attend who enjoyed delicious meals together and great conversations around the evenin85' topics. It was good to see people engaging with the course and growing in their understanding of the Christian faith and its relevance to them. As well as runnlng these groups, we are committed to walk with people for the long haul to offer support and friendship. and a number of church members give their time to do just that. CAP MONEY COACHING During the year, two church members 8Qt tralned up to run CAP (Christians Against Poverty) Money Coachlng, a course whlch helps people to mana8e their finances well. We had hoped to launch the coursé in the New Year but one of the indivlduals has had to drop out due to other commitments. So, thls initiative Is on hold as we seek a new volunteer. PARTNERING WITH OTHERS HALE END COURT It was September 2022 when we started runnlng monthly services for the residents of a new local, council run'As515ted Living, residence. The council invited us to serve the residents in thls way a5 they had seen it work well in their other'Assisted Living, residence. These services are jointly run by us and St. Peter's Church. Wè offer a short Service and then take tlme to enjoy tea and conversatlon with residents. A highlight was the Christmas Carol service where one of the staff mèmbers jolned us In puttin8 on a humorous and en8agin8 nativliy plav. CORONATION GARDEN PARTY Due to the success of ourjubilee Garden Party Iminl Fun Dayl13st year, we once a8ain p8rtnered wlth our Angllcan friends to host a repeat event to celebratè the King'5 Coronation in May. As before, thls wa5 held in St. Mark's Churth garden. The event Was again greatly appreciated by all sectlons of the ¢ommunity. Young families enjoyed the many fun activitle5 on offer, while seniors enjoyed coming together, soakin8 UP the atmosphere over a cup of tea and 51ice of cake. As ever, both churches enjoyed and appreclated worklng together. Indeed, neither church could have staged an event like thls alone. WoklnB Mayor Coron?tIDn Ihèmel LIGHT BEACONS Our Light beacon, Halloween alternative. was once again well received by the local community. We have been running these Since 2010 alongside other local churches and numbers attending remained high-this year, we agaln gave out t. 200 hot dogs, and had numerou5 children take part in a craft aclivlty that was run by our church youth group. People continue to appreciate the sense of safety at the beacon and the fact that we are offering an alternative to Halloween. New LlfeChur¢h, Woklng CIO. Annual Report.. Aprll 2023- March 2024Verslon 5
REVIEW We review all our attqvities on a regular basis to ensure they fulfil our alms and oblectrves. This is done through the regular meetlngs of the Trustees. Elders, Exècutive and Church Members. VOLUNTEERS The Church contlnues to benefit 8reatly from the voluntary seN]S of ourTreasurer, leaders, offlce holders and helpers. We acknowledge that the work of the church would be greatly reduced wlthgut the comrnitted Involvernent of so many in every area of church Ilfe., Children and Youth Mlnlstries, Audio Visual, Worship Team. PrayerTeam, Various group leaders, Chalr layout, Cornmunlty Actbvltles, etc... Thank you, everyonel 3. STRUCTURE, GOVERNANCE AND MANAGEMENT Property Thè Baptlst Unlon Corporatlon Llmlted Is the custodlal trustee of the church bulldln8 and land on behalf of the CIO as the benefl¢lal owner. The Trustees of th8 CIO take responsibllltyfor ensurln8 Its care and upkeep. The chureh Is affiliated to the Baptlst Union of Great Brltaln, the Evang4ll¢al Alllance, and the South Eastam Baptlst Assoclatlon. Rules and Regulatlons The church Is managed in accordance wlth Its Constltutlon and Church Leadershlp Procedures. These documents set out thé rule5 4nd re8ulatlons 6overnln8 the chur¢h, Includlng membership, appoSntments of Pastors, Staff, Trustees, Elders, Executlve, other leadershlp roles ènd church meetlngs and also contaln the Declaratlon of Falth. Trustees When needed, the existlng Tru5t8eS seek to recrult from among the members those who have the abllitles and skSlls required tQ Serve as Trustees. The Trustee$ and Treasurer are then appolnted In accordance wlth the Constitution. Tru5tee5 are legally responsible to the CharSty Comrnisslon for all aspects of ffinance and 8overnancq of New Llfe Church, for staff appolntmenls l appra15als, and for overseelng Safeguardlng. The Trustees meet on a quarterly basi5 prior to Church Members, Meetin85. At thejanuary AGM Rowland Lynch was reappolnted for a further three-yèar term. Elders Elder5 are appolnted by the Church Meetlng In accordance wlth the Church Leadership Procedures. They are responsible for the spirltual vlslon and dlrectlon of New Life Church, pastoral support of members and attenders, the prDgramme of teaching and preaching, outreaeh and misslon. Elders meet twlce per month for bu51ness and prayer. At the Aprll Church meetingAndrew Bate5 was appolnted as an Elder for a three year temi. At the January AGM Rowland Lynch and Nicky Blll were each reappointed for a further three-year tem. Executive The Executive handles matters of flnance, compliance and practlcal organisation for the church and Is appointed In accordance with the Church Leadershlp Procedures. The Executlve Is accountable to theTrustees In the fulfllment of thelT dutle5. It meets on a monthly basls. Other Leadershlp Roles Other wider leadership app¢lntmehts are made in accordance wlth the Church Leadership Procedure5. Such appolntmenis would include Connect Group leaders. youlhlchildren's leaders etc. and would cover all church teams. These wider leadershlp groups meet re8ularty withln thelr own teams and are a¢countablÈ to the New Llfe Church. Wokln8 CIO.Annual RÈPOrt', Aprll 2023-bAarEh 2024von S
io PastorlElders. We also have a stringent Safeguarding poSi¢y. All those with accèss to children, youth 4nd/or vulnerable adults are required to have an up-tTrdate DBS check. Staff Our Staff Team work In association wth the Leadership team (Elders & Trusteesl. Staff are appointed by the Church Members, Meetin8. Members of the Staff Team have regular appralsals and meet weekly for prayerful support. This year the Staff Team has seen some changÈs. We are pleased to have appointed Helen Shandley to take on thè fole of Church Admlni5tratlon. We are also delighted to have appolnted a new Assoclate Mlnlster, Vincent Satco, who splits hls Tespon51bllltSes between overseeingyouth and general Ministerlal duties. Both Helen and Vincent started working in May 2023. Alan Ne150n: Pastor IFrri Vlncent Sacco.. ksociate Minister14 days per weekl Helen Shandley: Administrator120 hours per week Carol Harrlngton: Financial Controller112 hour5 per weekl Kareh Nelson: Pastoral Worker116 hours per weekl HèatherThompson: Chlldren's Work Consultant1Self-employedl Nlcola Rablndren.. Children & FamSlles Team Leadèr116 hours per weekl Andrew Bates: Outreach Team Leader116 hours per weekl Rlsk Management The Trustees have a duty to Identlfy and revlew the flnanclal risks to whlch the charlty Is exposed and to ensure approprlate controls are in place to provide rea50nablÈ assurance agalnst fraud and error. The Trustees a150 have a duty to ensure other rlsks are Identlfied, ellminated or approprlately managed throu8h the reBular revlew of pollcle5 coverl¥4 Chlld Protectlon, Health & Safety and Drugs & Al¢oh¢l. In addltlon, land as part of the H&S Pollcyl there 15 an annual 'church wide, RlskAssessment, and all Indlvldual groups usln8 the bulldin8 are requlred to complete the1r own Rlsk Assessment. 4. ACHIEVEMENTS AND PERFORMANCE Church Membershlp Durln£ the year ending 31 March 2024.. 4 people came Into membershlp, 3 Membws reslgned12 of whom had moved away), 6 people were bapt15ed, and l Member died. Members, Meetings The meetings for the last Ilnanclal year were on 26th Aprll, july, 18 October 2023, 24 January and 24, March 2024. The meetlng on 24, March was a Special Churth meetlng to aptxove the budget. The Meeting on 24 January 2024 wa5 also an AGM. Normal business procedure5 are followed wlth cl¥culation of Agendas, Minutes. and a Pastoral Letter which glves background to some ¢1 the major is5ue5 for dlscusslon and decision. All key matters for Information and decision were processed at these meetin85. Princlpal Aims and Outcomes for the Year Ending March 2024 AIM ONE: Bulldlns Projeci-To ¢omplete Phase 2 and pait of the Phase 3 work, continue local Fund-raising and pursu2 applications to Grant.maklng bDdie5 Wlth a view to completlng the remalnder of the Phlse 3 work at the earliest opportunity. New Llfechwth, WoklD8 QO.Anrnual Rep¢rt..Aprll 2023-Mar¢h 2024Verskin 5
li OUTCOME: An enhanced "Phase 2" has been completed whlch has provTdèd a disabled lift enclosed In a larger atriurnlentrance to the church and glvlng accèss to the l>t floor. The iyl Iloor Itself has an enhanced lobby aa that gives access to the main hall. The work wa5 completed by the end of February and included some extra elements to Improve safety including external bollards to protect the atrlum from vehl¢les belng drlveh into IL Provision has also beén Made for the installation of CCN whlch will monltor pe¢ple accessing the bulldlng as well as actiwtiès in the car park We have had dlsCU5sions with the local Borough Councll as rnany of the Councll run facllltles are belng closed. They have said they can slgn-post comrnunitygroups that have lost thelr space towards NLC which will help develop the use of the bu11dlng for wlder communlty purposes. Development of the flnal phase Idlsabled toilets on the 1st floor 3nd an upgrade to the structure and décor of the maln hall) has been put on hold whlle we consolidate the general flnan¢es of the church. It is hoped to recommencè fundraising for the fSnal phase once overall church funds are consolldated and in a more sustainable posltlon goingforward. AIM TWO: Post Covid-19 recovery- To Reach, Rèstore and Release members ol the ¢hurch following the perlod of lockdownlrestrlctions. To rebulld team5 wlthln the church that have been particularly impacted as a result of Covld-191È.8. WDrshlp team, chlldren's team, youth te8m, tech team). OUTCOME: We are pleased that the Chlldren's and Youth team5 have been enhanced, but there is stlll the need to provlde a further team leader to give complete cover. We have an addltlonal worshlp leader and the Associate Pastor Is startlng a youth band, both ol which will help Cover worshlp. We do st115 requlfe volunteers for the technlcal team, but thls15 provlng to be a dlfflcult ream to recrult to. AIM THREE., Outreach- Contlnulng to expand the work of Kln8fièld ARC by IdentSfylng local needs and adaptlng courses and helpers lo flt. Malntslnln8 the drop-ln café to serve the local communitv. OUTCOME.. Food 8ank cgntlnues to provlde a Ilfellne to many In our local communlty. "Loose Threads" and "Chlll 'n' Chat" provlde a place where people Irom the local communlty can meet tO8ether. Alpha also ¢ontSnue5 to be a place where people cèn explore faith whlle a150 bullding relatlonshlps, AIM FOUR: Dlsclpleshlp. ExploYSn6 ways to enhance Lifelon8 DisclF4e5hlp wSthln the Church Famlly. OUTCOME.. Our Asso¢late Pastc*r15 Passionate about Ilfelon8 dlscipleshlp, and Is worklng to grow opportunltles for thls. We are Continulng to look at a varleiy of resources that we can off2r midweek to people In all stages of Ilfe and falth so that we can all contSnue to grow. We are looking to establlsh a Connect Grtsup that focuses on famllles wlih younger children, and also a group that wlll nurture new Chrlstlan5. Princlpal Aims for the Year Ending March 2025 AIM ONE,. Vlslon and culture-To r911 out a fresh VSslon and Culture throughout the church. AIM TWO.. Bulldlng Prolect-To start the Intern31 reconstruction of the I, Floor including upgradin8 of the Uppér Hall when funds permlt. This intludes maklng further applicatlons to grant makin8 bodies. AIM THREE: Oirtreach-To continue to expand the work of Kingfleld ARC by identifylng local needs and adaptlrtg courses and helpers to fit. Maintaining the drop-ln café to serve the Ioc01 communlty. AIM FOUR: M15$1on Partners- To revlew mission partners support Such that we can move towards a more transparent 3nd fair mean5 of stewar(ling resources for both local and global mi55ion. AIM FIVE: Dlsclplèship-To contSnue to explore way5 to enhance LSfelong Discipleshlp wlthln the Church Family. This Includes lookin8 to provide more Connertgroups. New LlfeChur¢h. won$ CIO.Annual Report.. Aprll Z023-March 2024 Versl¢r 5
12 AIM SIX.. Income-To look to Improve income as a result of the cornpletion of Phase l and 2 of the buil(fing project. 5. FINANCIAL REVIEW Reserves policy It Is the policy of the church to have a general fund with suffitlent reserves to cover up to slx months. expend1ture but recognislngthat there may be limes when this level needs to drop so as not t¢ resirtct the more immedlate need5 of thè church. The level of reserves Is monitored regularly. A budgeted level ol support for mission work and mernberslartenders of the fellowshlp who are in financial need is made by means of transfer from the general fund 35 rÈquir&d. There Is a150 a Bulldlng Fund Snto whlch 5UTpIus unrestrlcted funds can be transferred. Many members of the church also make addltlonal gift5, whl¢h are for thè purpose of support for the building fund, misslon work, or membèrs of the fellowshlp and wider comrnunlty who are In flnancial need. These are consldered to be restrlcted funds and are treated accordingly. Flnally, there Is a ¢apltal reserve malnly relatin8 lo the value of the church bulldlng at nEfield. Missions giving policy It has been the longstandlng policy of the church to set a51de a sum of around 2S% of total Income to asslst those involved In Chrlstlan based work enhanclng the lives of those in thelr communlt5es, many of whom wlll be overseas. Support is provlded, taking Snto a¢¢ount alternatlve sources of support and local costs of livin& In addltion, local groups seeking to work wSthln schotsls and the local communlty are assisted In thelr alms. Flnally. church membtrs in tralnln8 retelve support for their course lee5. Thls Is suble¢i to the Trustee5 ?cceptlng thatthelr tralnln81s as a result of a Chrlstlan call ènd Is Ilkely tu bèneflt the wider church In the l¢n8er term. New LlfeCh¥rrh.Wobln8 CIO.Annual ReporL. Aprll 2023-March 2024Verslon 5
13 6. STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees are responslble for prÈparing the report of the trustees and the financlal statements in accordance with the appllcable law and United Kingdom Generally Accepted A¢¢ciuntlng Practice. Thé law applicable to charitles sn England and W3les. the Charlties Act 2011, the Charity (Accounts and Reports) Re8ulatlon5 2008 and the provisions of the ConstItion requires the trustees to prepare financlal statements for each flnancial yèar which give a true and lair vlew of the stale of affalrs ot the charity for that perlod. In prÈparing those financlal statements, the Irusiees are required to,. Select Suitable accounting policles and appl¥ them conslslenlly. Observe the rnethods and prlnclples in the charity SORP. Make judgements and estim2tes that are réas0rfjb and prudent. State whether appllcabie accountancy standards have beèn followed, subject to any matertal departures dlsclosed and explained in the financial gt8tÈment5. Prepare the flnanclal statements on the 8oin8 concern basis unless It Is inapproprlate to presume that the charity will continue in busSness. The Trusiees are responslble for keeping proper accountlng recorcls whlch dlsc105e wlth reasonable accuracy at any time the flnanclal ptssltlon of the charlty and to enable them to ensu-e that the financial staternents comply wlth the Charities Act 2011. the Charity (Accounts and Reptsrtsl Regulations 2008 anij the provisions of the Consrllutlon. They are also responsible for $8fe8uarding the assets of the charity and hence for taklng reasonable steps for the prevention and detection ol fraud and other Irre8ularltles. ON 8EH TH AR Chair of Trustees NewLiftChur¢h, WO$ UO. AnnLHI Report.'Aprll 2023-March 2024 Verslon5
14 7. INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF THE NEW LIFE CHURCH, WOKING CIO I report on the accounts for the perlod ended 31 March 2024, which a set out on pagés 15 to 27. REsPE1VE RESPONSI8IUTIES OF THE TRUSTEES AND THE INDEPENDENT EXAMINER The charity's trustees are responsible for the preparation of the account5. The tharity's tru5tee5 con51der that the audlt requlrement of sertlon 144 of the Charit52s Act 2011 (the Act) does not apply and that an independent ex¥mlnatSon is needed. The charitls gross income exceeded £250,000 and l am qualified to undertake the examinatlon by being quallfled member Of the Instltute of Chartered Accountants in England and Wale5. It is my responsSbillty to.. Examine the accounts under 5ectlon 145 of the Act; To follow the procedures lald down in the General Directions glven by the Charlty Commlsslon undèr sectlon 14515llbl of the Act; and To st8te whether partlcular matte¥s have come to my attentlon. BASIS OF INDEPENOENT EXAMINER'S REPORT My èxamlnation wa5 carrled out In accordance wlth the General Dlrectlons glven by the Charlty Comm15510n. An examlnatlon includes a review of the accounilng record5 kept by the charity and a comparison of the accounts presented with those retords. It also includes conslderation of any unusual items or dlsclosures in the ac¢rJunts and seeklng explanatitsns from the trustees concernlng such matters. The procedures undertaken do not provide all the evldence that wovld be requlreil In an audlL and consequently no oplnlon15 8lven a5 to whether the atcounts present a 'true and falr view, and the report is Ilmlted to those matters set out In the statement below. INDEPENOENT EXAMINER'S STATEMENT In connectlon with my examlnatlon, no matter has come to my attentlon.. I, Which glves me reasonable cause to believe that in any materlal respect the qUIrementS.. to keep accounting records in accordan wlth section 130 of the 2011 Act,. and to prepare ac¢ount5 whlch accord with the accountlng records and t¢ comply wlth the accounting requirements ol the 2011 Act have not been met,. or 2. To whlch, in my opinion, attention should be drawn In order to enable a proper understandlng of the accounts lo be reached. Slgned Date Lance Redman BSC ACA FcfA Shaw Glbbs Limited Wey Court West Union Road Farnham Surrey GU9 7PT New Life chVrth.Woll1 CIO.Annual R£port=Aprll 2023-Marth Z024Verslon 5
15 STATEMENT OF FINANCIALACTIVITIES for the ear ended Ilst March 2024 Unrestricted funds Designated funds Rèstricted fund5 Total funds Notès INCOME AND ENDOWMENTS DonatlOn5 and Legacies Charitsble Activities Investments Grants Recelved 203,233 22,730 8,292 32,529 151,157 386,919 22,730 8,292 54,705 54,705 Total 234,255 32,529 205,862 472,546 EXPENDITURE Expenditure on Charltable Actlvltles Missions Churth Governan Costs 42,322 213,798 15,403 29,299 61,712 71,621 310,529 15,403 35,019 Total 271,523 35,019 91,011 397,553 NET INCOMEIIEXPENDITUREI .37,268 -2,490 114,851 75,093 TRANSFERS BETWEEN FUNDS 17 225,264 -225,264 NETMOVEMENT OF FUNDS 187,996 -2,490 -110,413 75,093 RECONCILIATION OF FUNDS TOTAL FUNDS BROUGHT FORWARD 847,239 20,656 121,491 989,386 TOTAL FUNDS CARRIED FORWARD 1,035,235 18,166 11.078 1,064,479 New leChr, WoklnECIO. AnThu Repoit.'Aprll 2023-rth 2024VErsvs
16 STATEMENT OF FINANCIAL ACTIVITIES for the ear ended 31st March 2023 Unrestrfcted funds Dèslgnated funds Restrlcted funds Total funds Note5 INCOMEAND ENDOWMENTS Donations ahd Legacies Charltable Activitles Investments Grants Received 247,018 20,669 3,087 10,656 88,892 346,566 20,669 3,087 30,360 30,360 Total 270,774 10,656 119,252 4QO,682 EXPENDITURE Expenditure on Charltable Activities Mlsslons Church Governan¢e Costs 56,422 202,332 14,514 22,376 36,910 78,798 239,242 14,514 Total 273,268 59,286 332,554 NET INCOMEIIEXPENDITURE) .2,494 10,656 59,966 68,128 TRANSFERS BETWEEN FUNDS 17 -21,750 10,OOD 11,7SO NET MOVEMENTOF 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 Ntwllfe ChJrch,WOnSCI0.Annllal ReprtAprH2023- March 2D24Ver51on5
17 BALANCE SHEETas at 31" March 2024 Notes 2024 2024 2023 2023 FIXED ASSETS Tangible Assets 12 933,431 739,080 CURRENT ASSET5 Debtors C35h at bank and In hand 13 28,338 136,275 22,637 238,097 164,613 260,734 CURRENT LIABILITIES Credltors: Amounts due wlthln one year 14 -33,565 -10,428 -33,565 -10,428 NET CURRENT ASSETS 131,048 250,306 NET ASSETS 1,064,479 989,386 Represented by: FUNDS 16 Unrestricted fund Designated fund Re5trScted funds 1,035,235 18,166 11,078 847,239 20,656 121,491 1,064,479 989,386 The flnanclal statements were approved by the Board of Trustees on behalf by.. and were signed on Its Trustee Ichalrmanl Trustee ITreasurerl New Llfechurch. Wgklng CIO. Annual Report'.Aprll 2023-M&tch 2024Verlch 5
18 NOTES TO THE FINANCIAL STATEMENTS forthe ear ended 31 March 2024 ACCOUNTING POLICIES Accounting convention The financial statements of the Charltable Incorporated Organisation, whlch Is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 102} "Accounting and Reporting by Charities: Statement of Recornmended Practice applicable to charities preparing their accounts in accordance with the Recommended Practice Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20151" Financial Reporting Standard 102" The Financial Reportlng Standard applicable in the UK and Republic of Ireland" The financial statements have been prepared under the historical cost convention. Incomlng recognltion All incoming resources are included In the Statement of Financlal Activities when the charity is legally entitled to the Income and the amount can be quantified with reasonable accuracy. Donatlons are recognised when the donation has been received. Interest on funds held on deposit is included when the Interest has been paid by the bank, Expenditure recognltlon Expendlture is accounted for on an accruals basis and has been classified under headings that ag8re8ate all cost related to the category, Where costs cannot be directly attributed to particular headlngs, they have been allocated to activities on a basis consistent with the use of resources. Grants offered Subject to condltlons which have not been met at the year-end date are noted a5 a commitment but not accrued as expendlture, Allocatlon and apportlonment of support and governance costs Support C05ts comprlse direct expendlture on the employment costs of salaried employees, travel expenses and other directly related exper)ses includln8 office and bullding costs. The costs have been analysed in note 8, Governance costs comprise all costs involvln8 the publlc accountabllity of the charity and Its compliance with regulatlons and 8ood practlce. These costs have been analysed in note 9. Charitable activitles The expenditure on charltable actlvitles Include grants madei governance costs and an apportionment of support costs as shown In note 5. Tangible flxed asset5 Depreciatlon Is provided at the following annual rates In order to write off each a55et over its estimated useful life. Freehold property -2% on cost or valuation Fixtures and flttlngs -25% on cost Computer equipment -25% on cost Improvements to property -2% on cost Assets costing £1,500 or more are capitalised and valued at depreciated historical cost. All other assets under thi5 amount are expensed to the Statement of Financial Activities. Taxatlon The charity is exempt from tax on its charitable activitles. Fund accountlng Unrestricted funds can be used in accordance with the charltable objectives at the discretion of the trustees. Restricted funds can only be used for the particular purpose within the objects of the charity. Restrlctlons arise when specified by the donor or when funds are raised for particular restricted purposes. New Ufechurth. WaklnKCIO.Anfjual RoPOrt'. Aprll 2023-March 2024Verslon 5
19 Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Leasing Commitments Rentals paid under operating leases are charged to the Statement of Financial Activitie< on a straight-line basis over the period of the lease. Pen51on costs and other post-retirement benefits The charity operates one pension scheme, whlch Is a deflned contribution pension scheme, where the contributions payable are charged to the Statement of Financlal Activlties In the period to which they relate. New (Ifechurch, WokihgCIO.AmnLTII Repart.. Apdl 2023-Mirth 2074Version 5
20 NOTES TO THE FINANCIAL STATEMENTS for the CONTINUED 2. VOLUNTARY INCOME FROM DONATIONS AND LEGACIES 01104123 31103124 ear ended 31" March 2024 01104122 31103123 Gift Aid donations other donations 229,077 157,842 202,916 143,650 386,919 346,566 3. INCOME FROM CHAR ABLE ACTIVITIES 01104123 31103124 01104122 31103123 Other in¢ome 22,730 20,669 22,730 20,669 4. INVE5TMENTINCOME 01104123 31103124 01104122 31103123 Deposlt attount Interest 8,292 3,087 8,292 3,087 5. CHARITABLE AcfiviTIES COSTS Grant fundlng of actlvltles Support Costs Is•e note 71 l$ee note 81 Dlrect Costs (see note 61 Totals Church Misslons 281,513 3,615 71,621 25,403 310,531 71,621 281,513 75,236 25,403 382,152 6. DIRECT COSTS OF CHARITABLE AcfiviTIES 01104123 31103124 01104122 31103123 Trustees, remuneration Trustees, expenses Staff remuneratlon Staff expenses Hire of premises Premises and insurance Li8ht and heat Sundries Depreciatlon 64,903 768 42,194 794 37,410 19,079 11,185 72,648 32,532 41,246 547 39,210 1,018 25,958 21,615 5,098 45,411 30,098 Note 18 Note 18 281,513 210,201 Hire of premises includes an operating lease commitment for a house which is belng used as a manse. NÉW feChUrCh, Wokln8CV).Annual Report.. AprS12023-March 2024Ver510ts5
21 NOTES TO THE FINANCIAL STATEMENTS for the CONTINUED ear ended 31, March 2024 7. GIFfs MADE 01104123 31103124 01104122 31103123 Missions Church Fellowship Bank charges 71,493 3,615 128 73,778 4,953 67 75,236 78,798 The total 8rant5 paid to In51itutlons and Indlvlduals durlng the year was as follows Unre5trlcted Re5trlcted Total 01104123 31103124 Total 01104122 31103123 01104123 31103124 01104123 31103124 A&C DeFrelta5 IYWAMI 8,725 Across Mlnlstrles 1,610 Andrew Bates Istewardshlp Fundl 2,200 Churches Together in Woklng Elam Minlstries Engage Ezra IUKI Fellowship Fund Glfts Gundula Koethni81South Afrlcal 6,790 H Thompson (Powerpack Mlnistryl 8,860 Israel (see detail belowl 7,725 N & J Sayer5 IFullness and Fun) Pat Frame (Ezra Internatlonall 3,010 Rornania 1,385 Splrit Matters Street Angels Other 8ifts made 7,340 16,065 1,610 2,200 15,593 1,580 2,130 80 I,iio 2,970 5,700 2,237 14,807 9,662 11,000 900 5,545 1,360 750 500 2,717 3,030 3,030 800 1,013 11,105 10,323 18,440 900 5,635 1,385 1,013 4,315 1,463 10,715 900 2,625 2,602 2,602 45,937 29,171 75,108 78,731 Israèl Dètall Mark Ashkenazl Guy Cohen Lev Havkim Chrlstlan Frlends of Israel Prayer for15rael 2,575 2,575 2,575 3,219 4,277 3.219 5,794 6,852 5,794 2,500 2,500 2,500 2,300 1,200 7,725 10,715 18,440 11,000 New Llfecburch, W0ClO. Annual Report.. Aprll 202¥-March 2024V¢r$lon5
22 NOTESTO THE FINANCIAL STATEMENTS for the CONTINUED ear ended 31$1 March 2024 . SUPPORT COSTS 01104123 31103124 01104122 31103123 Salaries Pensions Social security Expenses Office and telephone Volunteels Expenses Sundries 15,208 1,256 339 31 5,832 18,159 1,358 152 6,466 2,737 2,901 25,403 29,041 9. GOVERNANCE COST5 01104123 31103124 01104122 31103123 Salarle5 Pension Social Securlty Expenses Bank charges Sndependent Examiner'5 Fees 10,950 985 81 10,330 930 29 li 3,370 75 3,150 15,403 14,514 10. TRUSTEES, REMUNERATION AND BENEFITS 01104123 31103124 01104122 31103123 Trustees, salarles Trustees, penslon contrlbutlon Tru5tees' 50¢ial securlty 54,894 8,278 1,731 34,736 5,9)5 605 64,903 41,246 01104123 31103124 01104122 31103123 TTUStees' expenses 768 547 As part of hls remuneration package, the minister. Rev. Alan Nelson, who is also a trustee of the charlty, ha5 received the non. taxable benefit ol the use of a Manse, a property owned by Rev. Nelson and leased from hirn by the Church at 3 rental of £21.000 per annurn. The associated service costs. namely gas, electricity, council tax and water are all pald by thè thurch. Thèse costs and the rent amount to £26,745 and 3re all included in Hire of Prèmlses, under direct costs of charitable actlvltle5. Furthermore. the church has felmbursed Rev. Nelson a total of £500 expensès such as conference accommodation costs ond mileage. The church ha5 a150 Colltributed E6,259 towards Rev. Nelson's pension which Is with the Bapt15t Unlon Pension S¢h@me. As part of his remuneration package, the associats minister, Rev. Vlncent Sacco, who is also a trustee of the charSty, has received the non-taxablÉ benefit of the use of a Manse, a property leased by the church. The rent paid durin8 the year was £5,389. The associated servke costs, namelygal electricity, council tax and waier are all paid by the church. New Ufechurth, Wokln8CKI.Annual RÈport'. Aprll 2023-Mar¢h 1024Verslon S
23 NOTES TO THE FINANCIAL STATEMENTS for the CONTINUED ear ended 31, March 2024 These costs and the rent amount to £10,665 and are all included in Hire of Premises, under direct costs of charitable 3ctivities. The ¢hur¢h also paid the moving costs for Rev. Sacco which amounted to £2,472. This amount is included in Sundries. under dlre¢t Costs of charitable actlvltles. Furtherrnore, the church hJ5 reimbursed Rev. Sacco a total of £268 expense5. The church ha5 also contributed £2,018 towards Rev. Sacco's penslon which is with the Baptist Unlon Penslon Scheme. The number ofTrustees to whom retlrement beneflts are accruing under a defined contrlbutlon scheme 1$ 2. 11. STAFF COSTS 01104123 31103124 01104122 31103123 Wages and salarles Other pension costs Soci81 security 119,623 13,776 2,517 99,251 11,226 938 135,916 111,415 The average monthly number of employees durlng the year was as follows,. 01104123 31103124 01104122 31103123 Trustee Dlrect Charltable Support Governance No employee earned more than £60,000. 12. TANGIBLE FIXED ASSETS Improvements to Property Freehold Propèrty Flxtures & Flttln8S Computer Equipment Total COST A5 at 1° Aprll 2023 Additions Disposals 257,659 225,264 1,022,000 75,986 1,619 16,399 1,372,044 226,883 -1,787 -1,787 A5 at 31" March 2024 482,923 1,022,OOD 77,605 14,612 1,597,140 DEPRECIATION As at I, April 2023 Charge for the year Disposals 247,075 10,033 300,000 19,000 69,490 3,499 16,399 632,964 32,532 -1,787 -1,787 A5 at 31" March 2024 257,108 319,000 72,989 14,612 663,709 NET BOOKVALUE As at 31" March 2024 225,815 703,000 4,616 933,431 As at 31" March 2023 10,584 722,000 6,496 739,080 NewLife Church, WokihE CIO, Artnual Report'.Aprll 2023-March 2024Veron
24 NOTES TO THE FINANCIALSTATEMENTSforthe CONTINUED 13. DEBTORS., AMOUNTS FALLING DUE WITHIN ONE YEAR ear ended 315t March 2024 2024 2023 Gift Aid tax recoverable Sundry creditor 28,338 21,362 1,275 28,338 22,637 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONEYEAR 2024 2023 Trade credltor5 Taxatlon and social security Unsecured loan 11,565 2,000 20,¢X)O 9,720 708 33,565 10,428 15. ANALYSIS OF NEfASSETS BWEEN FUNDS 31103124 2024 Restricted funds 2024 Total funds 2023 Total funds Unrestrlcted funds Flxed a55els Current assets Current liabilities 933,431 153,535 -33,565 933.431 164,613 -33,565 739,080 260,734 .10,428 11,078 1,053,401 11,078 1,064,479 989,386 16. MOVEMENT IN FUNDS AI 01104123 Net Tran$fer5 & At 31103124 movement adjustments Unrestrlcted fund$ General funds Deslgnated funds Capital reseNe 107,995 20,656 739,244 -6,355 -2,490 -30,913 101,640 18,166 933,595 225,264 867,895 -39,758 225,264 1,053,401 Restricted funds Fellowship fund Mi55ion fund Building fund Food Bank Grants fund Food Bank fund Other funds 2,438 2,842 114,861 .288 59 113,365 2,150 2,901 2,962 -225,264 5,891 -4,541 .3,727 5,442 2,164 901 TOTAL FUNDS 989,386 75,093 1,064,479 Èwllfe Churth, Wo$a.AThTrI RÈpDrt'.Aprll 2023- March 2024Ver51oD5
25 NOTES TO THE FINANCIAL STATEMENTS for the ear ended 31" March 2024 CONTINUED 16, MOVEMEKf IN FUNDS Icontinuedl Net movement in funds included in the above are as follows: Incoming resources Resources expended Movement In lunds Unrestrltted funds General fund Deslgnated fund Ml551ons Capltal reserve 188,309 32,529 45,945 -194,664 -35,019 -45,945 -30,913 -6,355 -2,490 -30,913 266,783 -306,541 -39,758 Restrlcted funds F&llowship Fund Mission fund Building fund Food Bank Grants fund Food Bank fund Other funds 725 28,345 113,365 23,020 5,188 35,220 -1,013 -28,286 .288 59 113,365 -23,020 .8,915 -29,778 -3,727 5,442 TOTAL FUNDS 472,646 .397,553 75,093 The MIs51on fund Income represents support from members for mi551on actlvltv. The Bulldihg fund represents pledged Income from members to support the buildlng work undertaken In 2010, 2017, 2018, 2019, 2020, 2021, 2022 and 2024, The Capltal Reserve relates to the ¢harlty's flxed a55etS, 17. TRANSFERS BETWEEN FUNDS There was a transfer of £225,264 between the General Fund and the BulldSng Fund durSn8 the year In respect of costs incurred in improvements to the property. 18. STAFF REMUNERATION AND EXPENSES Included In staff remuneratlon Is a salary of £11,906 plus pension and 59cial security Costs totalllng £1,194 In respecl of Mr5. Karen Nelson, the wlfe of Rev. Alan Nelson. In addition, the church paid expenses of £451 to Mrs. Karen Nelson. Also In staff remuneratlon Is a salary of £936 plus penslon costs of £42 in respect of Mrs. Kari Ne150n, the dau8hter- In-law of Rev. Alan Nelson. 19. DESIGNATED FUND Included In the Llnrestricted General Fund is a De518nated Fund whlch the Trustees have set up to account for the income received and expenditure incurreLI in respect of Rev. Vincent sacco who was appolnled Assoclate Pastor of the church in May 2023. The surplu5 of this fund will be transferred to the Unrestricted General Fund on I" Aprll 2024. New fe Chureh,wok1ngC.ATrnual Report'.Aprll 2023- March 2024V@rslM5
26 DAlLED STATEMENT OF FINANCIAL ACTIVITIES for the ear ended 31" March 2024 01104123 31103124 01104122 31103123 INCOMING RESOURCES Voluntary Income Glfts Donation5 229,077 157,842 202,916 143,650 386,919 346,566 Investment Income Dep051t account Inte$t 8,292 3,087 8,292 3,087 Incomlng re50urce5 from charitable actlvltles Other Income 22,730 20,669 22,730 20,669 Grants Recelved 54,705 30,360 54,705 30,360 Total 5ncomlng resources 472,646 400,682 RESOURCES EXPENDED Charitable expenses Tru5tees' salarles Trustees, penslon contrlbutlons Trustees, social security Trustees, expenses Staff remuneratlon Staff expense5 Hire ¢f premlses Premises and insurance Light and heat Sundrles DepreatIon of freéhold property Depreciation of fixtures and fittlngs Depreciation of improvements to property Gifts to institutlons Glfts io individuals 54,894 8,278 1,731 768 42,194 794 37,410 19,077 11,185 72,648 19,000 3,499 10,033 71,621 3,615 34,736 5,905 605 547 39,210 1,018 25,958 21,615 5,098 45,411 19,000 11,098 73,845 4,953 356,747 288,999 New Llfe Church,W&kingtlO. R¢port'.Aprll 2023- March 2014Ver$iorn5
27 DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the CONTINUED earended 31" March 2024 01104123 31103124 01104122 31103123 Go¥emanee costs Salaries Pensions Soeial Securlty Legal fees Bank Charges Independent examlnation fee5 10,950 985 81 10,330 930 29 li 3,370 75 3,150 15,403 14,514 Support cost5 Wages Pen51on5 Social securlty Expenses OffSce and telephone Sundrles Volunteers, expenses 15,208 1,256 339 31 5,832 2,737 18,159 1,358 152 6,466 2,901 25,403 29,041 Total resources expended 397,553 332,554 Net lexpendlturel/lncome 75,093 68,128 New l•ChUrCh, Wo¢1.AnthUI Report.. Aprll 2023-March 2024Version5