Charlty rgglstsatlon numb•r 1179497 (England and Illal881 NEW LIFE COMMUNrrY CHURCH FORDINGBRIDGE CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Caladine Chorlered Cerlilied Accountant5
NEW LIFE COMMUNITY CHURCH FORDINGBRIDGE CIO LEGALAND ADMINISTRATIVE INFORMATION Mr P Wlllgms MrT Denne Mr D R Kmtske Mr M ABAndrew8 M8 H Stsvens MrJ Richberi (Appolnled 7 Mard12024) {AppoInl 7 March 20241 ChaTIty nwnb•r (England and Waln) 1179497 l Hlgh Slteel Fordingbrklg• Hamp8hlre SP6 1AS In*•nd•nt •thnln•f John ¢al8dln• FCCA CTA FCIE Caladino Llmlt¢d Chontry Hijusg 22 Upperton Ro& Eoslljwme East Susaex BN2118F
NEW LIFE COMMUNITY CHURCH FORDINGBRIDGE CIO CONTENTS Page Statement of tru8t•o8' re8PCfflBlblftte8 Slalem•rtof flnonclal a¢tlvllh• st•tOmOI(1nQn&aI poOn Noteg to th• flrtandal 8tatsm•nt• 8-18
NEW LIFE COMMUNITY CHURCH FORDINGBRIDGE CIO TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The truste•s present thek annual report and ffftanty#l slatemenls for Ihe year ended 310ecfjmber 21rd4. Tha financAal sttoMlS have been preparèd in accordance with tha •¢¢ounting polici8a a•t out in note 1 to the financial statern8nts and comply with the Ghufch's 9overning do¢um¢nt, the CharitiesAct 2011 and'Accounling and Reportj'ng by Ch11105.. Ststemenl of Recommgndod Practice applicabje to charibe? prewirpJ their acixjunts in accordan wrth th& Finanual Reporting Stsndard applicable in the UK and Repubhc of Ireland IFRS 10211offectN• 1 January 2019)". obctlY0 ind •ctlvlt5 Nèw CommLhnity Church is one Church fam1 Ihat meets in muAipl• lOCaOrS (Fordlngbridge, Wmborn&, Varvd & Downtonl. It's Irustees, ekler6 ar mèmbeis ai8 mMitted to the re5tor3tion ot prfncie8 lound in the Nth¥ T8Stam¢nl. Along with other Ioc81 Church lamiles in the area. th8 nallon and th8 world. il is re4isc¢w•ring the excilemenl of knowing Jesus Chrisi. NLCC'S vlslon is.. To 5e• many Peop.3 Ilves Iran8form8d by Jesus To b8 bcal Church Ihjt pion8•TS & helps estalSh new communities of lI0¥erS To provide love & support for those who Struggle with Ill&,8 thallen9es Public bone17t The tw$leo8 ha¥0 paid due regard to guidanc• is5d by th& Charty Commlgsltsn kn decldlng whal a¢tTrvi1188 the Church Should undertakè. Ach6Bvom•nt• and pvrforman Sigrri17c8nl actsvitlgs and achiev&m&nts 8garnsl objectlves Duruig Ihe year Of 2024 Ihg k•ral Churth lmlJy has ljoen •bJe to dentrate its values by a8rvlng Ihe surrounth.ng ¢omrnuntty Sn the followlng ways.. Rogulaf m•ollngs, b5blical leathkng, pa$tor•l 8UPPOrt and prayor Ihrough phys1¢ Jnd onlSne galherlnps (FDrdingbrldge, mI>0me, Vgmood & Downton). Partnw3hip Mth local organls8tlons (Foodbank, Councits. SLxx*l81 for thg tW78fl of Jupportlrw th090 in need wthln the communrfes. Partnewship wlth local Church famllieB for b•nofit of reachiry OLrt to & 8upportlno thow wlthin the locyl comrnunilia$. Partnorship wtth national tsrganiig1ion8 lor the benefit ol the (xjmmunlty. Thls Includes ow ongolng partngfshlp with CAP whid) provldès local Onne m¢Jney m8nogemont & lifo skjlls courses. N•w Inltladvos ft+r 2024 LI CommunNy Chuith bnChr•I a naw #itts In Ihè vlMag• of Dowrtlc In S•pt8mbor 2023 is n(M currenuy mèèting trce a morth on Sunday ovenings.
NEW LIFE COMMUNITY CHURCH FORDINGBRIDGE CIO TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEhlBER 2024 Ongolng communlty car• . PTDvidiNJ a meal sl•8 10 3UPF¢rt local Vb)e lami11 (FoTdin9knAtge). Providing a post-natal group caUed"Lrtllg Buds" foT Mum8, Dad¥ and Car8rs who had babiés not y8t on th8 move (Fordingbcldge, Wirnl)orn8 & D¢)wnton>. Providing a weekty CMmunity coffe¢ moming (Fordingtridge). Pr(>viding Week communfty board game s8sdon6 (FordingbNlge). Pmiding regular exèrtists daases for the eldorty thmuoh an iniliati¥e Ned Ynger for Longaf IWirnbDrne). Supporting the al foodbanK in theii commurmty day breakfast dub (VMmt>oTh). Provtrjing a breakfast cafè to support families durtng hollday Ilnws {Fordingbridgel. Providlng a bacon roll and drink orKe a rnonth to commuNty in Potteme Park Ihrough Hope C8fé {Veo0d). Yothh work Inlllatfvo th&t OCCUTS on¢e a 8K that seeks to 8UPPOrt ywng peopl8 and pro¥hl8 a safe 8pac l environmnl for them to build fflent1ship wtth some food and game6. (Ven¥ood). Pl•nB fvi th• Ivturn The key obj8divas of the TrUe¢S is lo Support the mi8sltsn of tho Church, to be wilne8se8 of th• Gospel 01 Ja$u8 Chrisl to Fordlngbridge. Wlmborna, Wrwc)d, Downlon and Auryoundln9 areas. In addition and in Ilne with NLCC'S vision $18t8ment, th8 Charlty wll be lookSng to.. Extend tho mi58lon of th? Church Into Iho cornmuDIty of Wmbome. Thw wlll indud• •8labli8hlrw a 9re•r r8lationshp wth th¥10¢o1 foodbank and svpport.rng its aGvi118s. Extend the misslon of th• ChLwch to the communlly of Downlon. This Indd supportinu thè new inikn&tive of Little BLVJS In thal community, developing Telationships wilh organisation8 th818rg communlty minded And slrongthen dev6loplng r&lalionshlps wlth other b¢al ¢urch expreson6. 11 8180 includeo Incrgaslng the frequenty and impact ol Sunday enIng meèting8. Estabh'sh the mi66K)n of the Churol Into tho com[Txm of rWOod. This wif Indudg tsklng th• èxisl community inlllalves 1 gctlvl¢l86 #nd Seeing Ih8m 5trgngthon6d and support4d. Stabllise and strenB¢hen the thufch famity and it8 actfvity. Belng onè church m••tlng in four lo¢alion8. Fln•ncl•l r•vl The Church Tr8 dependent upon the generous support of its membor$ who have continued to corrtn'bute low&rd$ it$ wryk durtng tho year. In 8(klrtéon, grant8 hava helped Inlll8ts & support community prw"ècts. In accordartco with 811 r95ponslbillties, the Tru61ees want to p18¢e on recKrd Iheir with the end ol yè•r Inar181 p081tk)n. InrnI was hi9hor Ihan predicled & budget sp&nd was on largel. grfj ever $0 thankful lo God for HIS pro¥i610n. Total inrne during yoor amounted to £239,621 12023.. £193,833) ond lobl experKlfturo wa8 Q31,521 (2023.. £215,755). Tho income flgure Indudos £6,128 P023: £34.6501 r8eaiv8d on our me¥ger wkh Verwood Faml Churth. ReseAvg$pthcy 11 1$ the poli of the Chwth Ihat unrestricted fundi which have not been destgnatod for a 8perKlc pvrp08e thould maintained al al81 equivalenl 10 81x months 8xpèndhufe. The TnJst•e$ considgr that rg6aN•s at this lgvel will $n8ure that, in tho evenl of a significant drop In lunding, they will bg gbl¢ lo contsnue the Church's current activthe3 while con5idernt1l Is given to ways in whlth additional fund8 may be Talsed. This levd of roserves ha$ be8n malntained thrwghout the year. Total unr•stflcted hjnds hèkl 8t the end of Ihe yèar r8 £96,51712023'. £83,66n. Thg cash balan at th8 énd ol the y&ar amountsd to £91,565 (2023. £84.8391. Nel cuvant ass•ts al Ihe year ènd were £97,99312023= £88,814). In accoFd8nc8 w7th ajl respon5[bl8s. the Tw5tee8 are gatlsffied wlth Ihe end olyè8r firAncTral posilion ol the Charity. Mojor risks The Irustg9$ hav• asses8ed the m4jor risks to whkh the Churd) is oxFosed. and ar8 salisfiad that sytstfrms in place to mitigate exposu to thè malor rtgky.
NEW LIFE COMMUNITY CHURCH FORDINGBRIDGE CIO TRUSTEES. REpoirr (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Church18 a CIO r8glstored wrfh tho Chary Comffli6BiOn on 9 August2018 {WTStrntion nbe[ 117949n. Tha INste8s who seryed dn9 th• year and up to thg date of 6ignalut• of the ffinanual Slatonnts were.. Mr P Mr K Hardy Mr T Denne Mr D R KrMtzk• Mrm A BAndT8WS Ms H stn9 MrJ Riehbeu (Rethr•d 7 klarch 2024) (hwoknt•d 7 March 2024) (Appointed 7 March 2024) Nv4V Iru¥te88 are aFfoint•d by thg curfent truJt••8. Nonè of lh8 tru&te has any b•n8llcial Interest Sn th• company.All of the trustsa8 are members of the company and gu•r8rrtob lo contdtul• £1 in th6 e¥enl ol a wkndln9 UP. tFUSteM roportwas approval by the Board 0rTrLMt. Mr T Donne Ch ol TnMt••B
NEW LIFE COMMUNITY CHURCH FORDINGBRIDGE CIO STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The tnJslee8 are tèsponsible for preparing the Trusb&s' Report and the financial statèments in acLordance wtth applicable law and United King(knm AccDunling Stsn¢Jards (Untted Kingdom G•nerally Accepted Accourtting Ptaclicel. The appllcablo to charitie5 in EngLqnd Hnd Wdl8s require5 the trustees trj prepare financial 8lalemonls for each financial y83f which gwe a true and fair view of the stste of affair5 of Ihg Church gnd ol the irKorning r&sources and appl1rg0n ol resour6 of th• Church for that year. In preparfng these financial slalem8n19. the trustees arè rèquired lo.. s818ct suitable accountin9 policies and then apply them rA)n$i$lènlty', obseNe Ihe methods and pr6nciples in Ihe Charrties SORP.. make judgom8nls gnd estimat•s that are reasonabb and prudent., slate wh@Ihor applicable aoUntIng standards hove been lo#owed, 3ubject tts any m&l•rial departures (Iscbgad and explain¢d in tho flnanclal stat8menl8'. 8nd preparè Ihè financial statements on the going concern bads unle88 il 18 Inapproprigla lo pre8ume that Iha chgTSty will contlnuè In operalion. Tho Irusteo$ 8r$ re5ponslble for keoplng sufficlenl accounbng records that dlsdos8 with reasonable a¢curacy at any Ilmè th8 flnanclal position of lh& Church and enable them to en8ura that financial 8talemBnl$ Comply wtth the ChArit*s Act 2011, th? Charty (Accounts and Report¥l R¢9ul•tlons 2008 and the prov151ons ol Ihe trust deed. They ar8 also r8Bponsible for sal•ouacdlng the a8sets of the Church ond honce for taking rè8sonoble steps for tha prevention and detedion ol fraud and other irregularitie8.
NEW LIFE COMMUNITY CHURCH FORDINGBRIDGE CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW LIFE COMMUNITY CHURCH FQRDINGBRIDGE CIO I report to the Iruslees on my •xamination of the finanrA81 $tstement$ of New Life Communty Churth FordirvJbridg0 CIO Ilhe Church) lor th8 year onded 310ecember 2024. R•#ponsibilltie¥ and basls of report As the Irustses of the Church you #re rosponslble for the prepaTalk)n of Ihg fingndal statements In wrdanc8 with the requirem¢nls of the CharitiesAcl 2011. I report in respect of my examlnatk)n ol tha Church's finanaal slatsm8nts carried oul Lmdar section 145 of Iho Charths Act 2011. In carrylng out my examination I have followod the Directions gNgn by th8 Charity CL)mmi89ion undec section 1451Sllbl of thè Choritie8Act 2011. IndTrp•ndent eumln•f• •tatèm•nt Your att8ntitin 1$ drawn to th8 fact Ihat the ¢harity has prepared the fin8rtLYo18talem8nts 8c¢ordanc8 vAth the relevant varsion of the Statement ¢f Flecommendod Practlce opplicable to charikn.es prèparing Iheir financial statemenls in accordance wrth Iht Finandal Reporting Standard applicable in the UK and Rèpublic ol Ireland IFRS 102) in prefefence to the Acctsunting and Reporting by Chari11È9." Stalement of Recommanded Pradica 15$u¢d on 1 April 2005 whlch 15 rol&rrod to In the extant rtgulalions bul has now been withdrAwn. l understsnd that this has bè8n done in order for the financ4d statements lo provido a true and fair vltw In accrdanCe whh UK G¢nefally Accapted ActhJfttkn9 Practlce. I havo oJmplèted my examlnallon. l ¢onftrm that no mallern hwe com• to my attenllon in ¢onn•con with tho •xarnination giving mè caus8 io belleve that in Y m8t8rid r•spect', aOUntIng record$ were not kept In re8pect ol thg Church as cequlfed by section 130 of the Chgritle$ Act 2011. tho flnandal slatemont$ do not accord wlth Iho8e recordB', or th8 financial st&l•mfynlB do not comply wrth Ih? appllcab18 roqulr8ments coneemlng the form and content ol financial 5181eThnts set oul In the chare5 (Accounts and Reports) Rogulations 2008 othgr than any rewiremenl that the finand81 Blatements gSv• • tru8 4nd fair vlew, whi¢h 1$ not a matler crm5PJ&red as port ol an ind8pend8nt examlnalion. I havè no concerns and h• eomo OefOSS no other mattèr3 in eonnoctknn Ihè èxamknatkjn to whlth att•ntlon Should l)e drnwn In th18 r•port in order to enoble a prOr underBlanding of th• financ4al statements lo be r•gch8d. John C•ladln• FCCA CTA FCIE Caladlne Lifflilod Chantry House 22 Upperton Roa¢J Easlbouma East Sus8&X BN21 1BF Date: .. . tj kiaiL(
NEW LIFE COMMUNITY CHURCH FORDINGBRIDGE CIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unr•8trlcted Ro•trlGtsd fund fund8 2024 2024 Total Unr••trlcted Re•trict•d funds funds 2023 2023 Total 2024 2023 Noloi Inwn• from: Donallons •nd1898cies Chafltabl& advitiè$ Inveslrnenl$ Olh8r income 218,198 3,396 138 8.B16 8,975 227,173 3,396 136 8,916 138.401 3,287 388 37.115 14.442 152,843 3.287 388 37,115 Total Incomo 230.646 8,975 239,621 179.191 14,442 193,633 ExPendIra on: charitab aclivikn88 215.712 16.809 231,521 204.777 10,978 215,75S Totsl •xp•nthtur• 215,712 15,809 231,521 204.777 10,978 215,755 N•t In¢om•ll•xp•ndltur•l 14,934 18,8341 8,100 125,586} 3,484 122,1221 Transter$ behyeen funds 18 (2.084) 2,084 N•t mov•m•nt In fund4 10 12,850 14,7501 8,100 125,5861 3,4fj4 122,1221 RKoncSll•tlon of fundj: Fund balanceB al 1 Jgnuary 2024 83,867 11,301 04,968 109.253 7,837 117,090 Fund balanc•s at 31 OecombgF 2024 98,517 8.551 103,Cfj8 a3.7 11,301
NEW LIFE COMMUNITY CHURCH FORDINGBRIDGE CIO STATEMENT OF FINANCIAL POSITION AS AT31 DECEMBER 2024 2024 2013 Fbx•d ••t Property, plant 8nd oqulpmont 14 5.089 6,154 Curr•nt Trade and othor r?able8 Cash at bwk and in hand 11,601 91,565 B.942 84.839 103,166 15,187) 93,781 14.9671 Curr•nt Ilabllitie¥ N•t eurrnnt •$•t• 97.999 88,814 Tot41 ••••t• currnnt Ilabllltl•• 103.068 94,9e8 Thè fund8 ofth• Church Restricted Incomo fund8 Unroslncted lund8 6,551 96,517 11,301 83,667 19 103,(8 94,968 191 od ao?s Thè l+narrAal statement• wer• approv•J by the tru8teg1 on...... .. . Mr P Willi8m$ MrT Den Ch•lr ol Tru•t•
NEW LIFE COMMUNITY CHURCH FORDINGBRIDGE CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 A¢eountlng pollcl Charlty Infom)atlon New Life Communhy Churth FordlngbrSdgo CIO is a Charitabb Incorporated Or9ani$Bllon incorporatsd on 9 August 2018 wllh a prinrApal address 1 Hlgh Street, Fordlngbrtdga. HAmp8hirg. SP6 1AS. 1.1 Basls ol preparatlon Tha Ilnancial statèménts have beon prèpar8d in ac£ordan¢e wilh thè Churc's 9oveming (h)cument. tha Charities AGI 2011 8nd Accounllng and Reporting by Chaiitl8s". Statement of Recommended Pfactice applicabk lo charlti•8 pr8paring thtrir acujunls in ac¢ordanc6 with the Financial Reporting Standard applicable In th• UK and Republlc of Ireland IFRS 102) le¢¢1¥0 1 January 2019) The Church 15 0 Public Benefit Erbtity a$ defined by FRS 102. The Church has taken advantage of tho PTovl8ioM In IM SORP for charlllos apptying FRS 102 Update Bulleun 1 not lo preparo a Stat•m&nt of Cash Flows. Tht th'nanclal statements have departed Irorn th• charilS IAcLounls 8nd Reports) Regulatlon8 2008 only lo èxtant required lo providè a true and falr visw. Thlg departure has involved followlng thè Stalement of Racommended Pf8Ltlce lor charities applying FRS 102 rathèr than th8 ver¥ion of the Slal¢mant ol Recommended praC whh 18 referrèd lo in the Requlal)n8 but vthlch has slnc& been withdrawn. The financwl $tot•m8nts arg prgpargd In 8lerling, which is the fundional cuffoncy of the Chufch. Monetsry amounts In these thnancial slalom•nts ara rounded to the no8rosl £. The financial stalem•nl8 h9v• been prepared und•r th• hi81orlcal cost conv8nlion. Th4 prkncApo1 arLountlng policies adople(l aro $$t out b810w. 1.2 Golng con¢•m Al tha tim8 01 approvbng th• financlal slalem•nl6, Ihe trustees hav8 a ie8sonable 8xpectstion that the Church ad8quale resouicés lo conllnue in operatlonal 8xi8teno for the foreseeable ftrtur9. Thus Ihg Iru$lg08 ¢ontinue Io 8d¢pl thè going concern b¥&$ ol ?¢tunI1n9 in proparfng Ihe financial 5t8t&menl8. 1.3 Ch#rft•bh fund¥ Unrestricted lunds 4f• OV1&ble for at tho iscrelion of tho Iru$le86 In furfher8nce of their ¢harltabl¥ objectlve8. Restricled fvnds ara sublect to 6p6clfic condltlons by donors or grantors as to how Ihey may be usad. Th• purp05e$ and usès of tha restrlded fund$ aro set out In the notes lo Ihe financial $tstements. 1.4 Incorne Income Is fecognited when the Church le 1•9olly entlued to it after any performAnca condltions h¥ met, the amounts can be meajumd reliably, 8nd11 is prob¥bb thal InCrne wlll be recelved. Gash donations are rgc(Jnlsed on recèipl. Other donalion5 ale re¢ognisad once the Church has been nollfigd f the donatH)n, unlgss porforrnance condlts'ons requlre deferr81 of the amount. In4))me tax recoverablg in relation to don8llon$ received under GiftAld or deed8 of covgn8nt Is recogni8ed at Ihe tsme of the donatn. Le9acie5 are recogni5ed on r•ceipl or otherwise If tho Church ha5 baan notifled of an imponding dislributiDn, th& amount Is known, and rgceipt Is expeded. 11 th8 amount is not known, the bgacy is treated 88 a conting8nt asset.
NEW LIFE COMMUNITY CHURCH FORDINGBRIDGE CIO NOTES TO THE FINANCIAL STATEMEKfs ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng poli£ie• IContlnu•d) 1.5 Eyndlture Liabilitles arè recogni68d when a (on5tructNo obligaWJn 8xisls, tho payment is probable and the oblg8b'(In can be nwasui&Jorestinaled re*"ably. R8sources expended are ¥llocaled to the particular eA)81 cenlre to which they rglats and Indude irreeovèrabl8 VAT. 1.6 Property, plant And equlpment Deprtuation is recognisod so 8$ lo wrttg off the o)sl or valuation ol assetB1086 thelr rasidual ¥485 over th•lr Useful lives on Iho followin9 b861s.' LgaBehold land 8nd bulklwwB FlureS and equlpmBnl Amwtlsed ¢wer Ihe Imo ol the lease 15% stralght Ilng The gain or b88 arislng on Ihe dl8PO8al of an ass81 18 d8mIned 88 the difference bth••n tho sale proc¢•d8 and th6 carrying value olthe as8•t. and Is recognid In th• 8lat•m8nl of finanrAal a¢tivili•s. 1.7 Impairni•nt of nonllGurr•nt ••••t8 Al each reportlng end date, the Church r8vlew8 Ihè carrylng amounts ol 118 tanglblo as68ts to defÈrmln• whg1heT IheT8 is any indi¢•tion thal tho88 88sel8 havè sulf•red an imp8lrment 1088. If any auch indlcation èXigt8, the r¢coverabl8 amount of Ihe a8MI is •8llm81od Sn order lo d•l•m)In• tho 8xlenl of th• impoirmenl 1085 lif any). 8•sle fln•ncl•l aJ¥ets 8881c financial a8gel3, whkh inctude trade and olhor f•c•lvablo8 and cash and bank belances, are In6tlelly moa8uf8(l al Iransadion prKe Sn¢ludin9 transaction costs and are 8ubs8quenly cathed al amortlsod cost uslng Ihe effecll¥& Inler83t melhod unl885 Ihe arrangernl conslilvte5 a financin9 transac15on, Whe th• transadon is measured ot th• pfesent value of the futurè re¢$Pt9 diB¢OLTrnt•d at a ma8t ralo of Inter88t. Financial as8els dBsaili•d OS fecelvable withln on& year ar8 not arnortad. 8asl¢ flnonclal 118blllll Ba%c financol liabililles, indudlnp trad• ond other payables and bank h)aft8 oro Inillally reeo9nlsod 81 Ir8n$action prtce unle&s th• arranoement constitutes a financing transadlon, wh$iè lh• debt inslrurnènt 18 measured al the present value of the futu payments dlscount8d at a market ral8 01 inlaresl. Financial liabilill&s dassifled a8 payable wrthin one year aro not ¥mortised. Oebt Instwrnents are subqUenY carrlèd at amortj'd c£J8t, U8lng the eff•ctive interest rate mÈthod. Trnde payables ale obllggvons to pay lor goods or servlces that hav¢ beèn acquired In Ihg ordinary cour8e of OP8rations from Suppliers. Arnounls payablg are L4asslfled as currerit liabll.8S if payment i¥ duo wilhin one year or les5. If not, they are pre8enle(l a$ nonourrent liabilbties. Tr8de payables are recognised Initialty al trallsaLlJon pricè and subsequently rneasurod at amoFilsed cojt uJing th8 8ff8Ctive interest method. 1A Ernploy•• b4n•ffts The cost of any unusèd holSday èntlll8ment i# rocogniged In the perM¥l in whlth the employee's Sèrvices a roceived. Terfflination ben¢fits are recognised immediatety as Etn expense when th• Churth 18 demonslr8bly committed to terminate the omployment of an employee or to Pfovido tefrnination banefils. 1.9 Retirem•nt b•neffts Payments to defined conffibuilon lireMan1 ben8flt gch8mes ara charg¢d as an expens? a$ tY fall due.
NEW LIFE COMMUNITY CHURCH FORDINGBRIDGE CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Crftlcal ac¢ounlfng •stimal•s andiudyMoni¥ In the application ol th• Church's accounling policAes, the tnJ¥t*e$ ale required lo maké Judgements. estimales and assumptions about the carrying amount of assets and liabillties that are not readlly apparenl lffom olber 5tNJrtes. The esknales and asxKiRtgfl asswTgption5 aye based on hisknical expewra and other frdCt(Ks that are consid•r•d to be relevant. Actu81 results mey dthr from Ihe5e Qslimates. The estimates •nd undekn9 a8suMptns •w reviewed on an ongoing ba818. Revlsh)n$ to rUtIng estimalgs are fecognised in the pgrfod In vthlch the estimate Is ravls8d where the revision affects only Ihat penod. or in the wiod of tho mlsion aTrJ pw?ods where the ievi55on aff3ds bolh cuth 8nO fuluTg In¢om• from donatlon• and l•g•cl Totsl fund• 2024 lund• 2024 lund• 2023 fund• 2023 2024 2023 DongUc4w w¥J gffts Grants 2C6,948 20,225 138,401 138.401 14.442 11.250 8.975 14,442 218,198 8.975 227,173 138,401 14,442 152,843 Incorn• Irom ch•rft4bh IvIti Unr••trlci•d Unr••trlct•d fund• fund• 2024 2023 Ch•rft•bl• acllvttl 80th 8ataS gnd Branch Inc4)mo 3,396 3,287 Unrestrlctsd Unrestricted funth lund• 2tr24 2023 Inler•st r8c•lvable 10_
NEW LIFE COMMUNITY CHURCH FORDINGBRIDGE CIO NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Oth•r Incomo Unra•trlcl•d Unrn•trlet•d fund• fund 2023 Other ino)me Trnnsfer of knid8 fouowlng meFg•r otVoNwI Fammy Churth 2,485 34,6SO 8.916 37,115 Durfrwj th• year addltlond transf•fs ol fvnd8 were rneel¥od trom Ver4YoTrJ Famlly Churth {Larfty number 11553181 follcthlng Ihe mèrger with th6 church in 2023.
NEW LIFE COMMUNITY CHURCH FORDINGBRIDGE CIO NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Exp9ndllur8 on charPAbl• •ctlvllio$ Charflabl• actl¥itAe Charitabl8 oclivities 2024 21y23 DITect Colts Slaff co815 122.516 334 28.375 125 11,255 2,992 105,103 1,259 27.315 496 8,413 Rent and venuè hlre Evenls Catering and ho$pltallly Minislerial an<1 gpegkers expens•8 Trninlng, confefences and books Subscriptions, soar? 8nd Ilcences PTinitrJg Bnd slalionery Smau equipmént and conBumaNeo W•bslte and computing Sundry exp•ns•8 200 3,825 3,143 814 1,820 13,790 350 1,773 3,083 353 4,285 8.9¢ 480 184,557 ie6,997 Granl fundlng ol adlvllies {8•• not• 8) 10,856 13,812 ofsupportand g0vorn10 ¢O•t* l••• note 91 Support Govgmant¥ 27,579 8.529 28,385 6,561 231.521 215,755 Anaty•S8 by fund Unrestrrict8d lund• Réstricled fund 215,712 15,809 204,777 10,978 231.521 215,755 12-
NEW LIFE COMMUNITY CHURCH FORDINGBRIDGE CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 Grants payabl• ChYltab actlvltl•s 2024 Charftablo activitie$ 2023 Granls to instilutiong.. Comfflission Aposlolk Trust Christians Against Poverty Acts 4 Sh8ring Rin9wty)d FoOdbk 9.800 720 12,492 720 10.856 13,212 Grant8 to Ir1¥1#19 600 10,856 13,812 sypport co•ts •llDc•l•d to thltl•* 2024 2023 Stsff costs D8preclalion T•lephone In¥ur8n Llght and pow•r Repairs and maintenan Govemanco 16.613 2,721 789 2,404 2,326 2.748 8.529 15.488 ,554 732 2.407 2,377 847 6.581 38,108 34,948 Charitable activètkq¥ 36,108 34,946 2024 2023 Go¥•rn•n¢• 114 compr1••: Independent axamlnatton f•es Legal and professional AcLx)untancy Bank chorges 710 6.776 910 133 910 4,696 710 245 8,S29 fj,561 Govemance costs above include¥ paymFJnts to the Independent Examiner of £710 (21J23'. £910) for Indepet)dent Examinalion servicès and £91012023.. É7101 lor olher $èrvlces. 13
NEW LIFE COMMUNITY CHURCH FORDINGBRIDGE CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 P4•t mon•nt In fund> 2024 2023 Tho n¢1 movamont in fund5 is staled aft•r charyingllc¥edilwig)'. F8es payable kjr the IrK13pendont examrnabon olthe char#y8 fina181 statements D8preuion ofowned propety, Ptant and equtpment 710 2,721 910 6,554 11 Trust• Paul Wlllam8 a trustga and church elder and is mpltsd by the churth, as wrmitl¢d by and in accordanrA with ts churth's conslltuJon. He was pald 4 $01ary of £43.288 12023.. £40,825) durlng Ihg yew and employer penfjion c4Jnlrtbulions 01 È4,327 {2023.' £4.1291. Hi$ wif works a$ an gdmlnl8lralor for lh• church 8nd was patd o Jjalary of £18,813 12023.. £15.46814nd employar p810 contr111)n8 of£l,06112023.' £1.572). D810 Kratzkalg a Iru&te8 and church ohlei efflpkny8d by tho ¢hLw¢h, as pamltted by and in *rdanc¢ with th8 church's rxJnJtitution. Plo w88 paSd a salary of £37,304 (2023: £35,02n during th• y&ar employer pen8knn ¢onlributions of £3,72912023.. £3,561). Donations from the truJtses durlnB the year were £22,562 (2023.. £26.49JI Expon5es paid to Irusts•8, and thelr felatsd p8rties, fur trav•1 and Ctwrch oprating •xpng8s. arnounled to £65812023: £1,418). 12 ETnployw• Tho av•r89• monthly numbw ol emplwe8 duflng th• y•ar wa8.. 2024 Number 201J Mumbor Employm•nt 2023 Wages and 8alarf•8 Other pensh)n costs 127,358 11,771 109,618 10,953 139,129 120.S71 Thgre were nD emplOy¢VoS annuaj reJvxe[l1nw5rn0re IhAn £eo,cw. 14-
NEW LIFE COMMUNITY CHURCH FORDINGBRIDGE CIO NOTES TO THE FINANCIAL STATEMEKfs ICOPUINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 12 Ernploy¢e• IConllnu•dl R¢mun¢r•llon of k•y manag•ment p•rn¢nn•l Th8 remunerallon (Indudin9 wages. employer wcial security and pensN)n comfrinthnsl ofhvo kéy managementper50Mel Is as 1(A. 2024 2023 97.235 91,272 13 Taxatlon The saTity IB exety fmm la¥ation on tts aLi¥it188 I¢#U# arf its incomg is applied for charifabh purpoo•8. 14 Prtsp•rty. plant •nd •qulpm•nt L•••ttold Flxtuv•••nd bulhllr Ct Al l Janu•ry 224 Addtl)nB 16.309 16,496 1,636 Al 31 Decgmbèr 2024 16.309 18,132 34,441 Daprnclthn •nd lfflpaliment At 1 January 2024 D•pr•rygllon ch8Tyd in tho yoar 16,309 10,342 2,721 26,651 2,721 Al 31 December 2(r24 16.309 13,L 29,372 C•rrylng •mount At 31 Decamber 2024 5.069 S,069 At 31 Decnbr 21Y23 6,154 8,154 15 Trnd• And oth•r r•e•lv4bl•• 2024 2023 Arno tslllng due wlthln on• y••r. Other recefvables Prep8ym•nts and acCftd Income 8,273 3,328 5.760 3.182 11.801 8.942 15-
NEW LIFE COMMUNITY CHURCH FORDINGBRIDGE CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 18 Current Il•bS11ti0 2024 2023 Olher taxalon and social securty Acctual$ and delerred Inrjjme 3,487 1,680 3,347 1.620 5.187 4,967 17 R•UN•m•nl b•n•fft schom The Church operates a defined contrtbulion pension Scherne lor all qu81tfying employee8. Thè assalB of th? scheme Qfe hd separAtely from IhoÈ8 of Ihè Church In an Ind8pend8ntly athinislered fijnd. Thè charge lo profrt or1085 In respect of defined contrlbution sch¢mes was £10,952 (2022.. £8.4881. 1B R•trlct•d lund• The resth'ctsd lunds of ttte ¢wity cy)rnprfse the uneXpend batsn(%s of donakns and g(ant8 hela on trust $ubiect lo spscffic ¢ondiion6 by donor6 as lo how Ihgy may bB US8d. At 1 J*nu•ry 2024 Ineomlng r•sourcoJ Rosoure •xp•nd•d Trnn•f•rn At31 D0Mb9r 2024 Covid supporVFamlliM In need Littlo Bud8 Nurnary Fo&J InleTn 58lary grant CAP Younger 4 Longer Yotsbl 8us 1,417 1,250 5.040 {6571 15.306) (5TOI 14,+3831 1815) 14481 {3,330) 2,010 4,078 STO 1,139 1,203 223 75 463 225 720 2,610 11,301 6,975 (15,8091 2,084 6,S51 16-
NEW LIFE COMMUNITY CHURCH FORDINGBRIDGE CIO NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED FOR fHE YEAR ENDED 31 DECEMBER 2024 16 ReBtrictsd fund• IC<>nlinuedl Pr•v10 y•ar: At l January 2023 In¢omlng ROUr¢• r¢s1)U•S exp¢nd•d Tran8f•r• At31 D•cember 2023 Covld supportlFamlli•$ in néod Little Buds Grow 2021 Affl01 CAarktr Nursery Food Intern salary grant 1,820 2,772 1.245 1,1)JO 650 6.872 11,0531 15,099) (1,24SI 11.LThJOI (430) 11.4581 141TJ (278) 1,417 4,345 570 1.620 1,203 222 Younger4 Longer 7,837 14.442 110.978) 11,301 Covld •upportlFgmlll•• In nMd- Thi8 fund18 u80d to pro¥Sde food fty vulnwable rOdents. Lllts• Bud?. T1 knxl h TDTP ¥UPPOrtgrDUP I pwonts. Grow 2021 This fund cr113 a gwant received towards our Grow evonts. Thwi provlde a pl•r• for individuals lo Ihlnk About thelr tu• & 08ln prnctlcal Bkllls Iv athitve go81s. Arnold Cl•rk• - Tttls fijnd o)nlaln6 g grant gIn 1ty4Yath slto rA>sfB a6 w¢ pand our Teach in tho lo¢al area. Nurnory Food - The Nursery Food fund conlalns monleg gen io all u8 to provldè food packaggs to nur3ery famblies wh¢n neèd8d. Int•rn 84lary Grant - Th1$ lund of a grant towards th& cogts of lh• Moorfgnd8 siudanl plac•m•nt Intem. CAP- Thi$ lund conslslj of $pe¢ific donations toward8 th8 CAP monoy manapm•nt gnd1Sf8 skills Ir04rdng. Young•r4 Long•r.Thi$ Ihtrpmvislon olexefclge c4aweg k¥lh& dderty. Youth BuB- This fvnd conslsts of grants and donations lo the Youth eus. 1• Vnr•8trkt4d fvtxt• The unrèslriclod fvnds oflhe charity ujmprfse Ihe unexpndgd balanc*s of don81ions and grants whkh arg not subject lo specdfic conditions by donors and grantors as lo howthey rnay bo used. The Indudè deBwnaled funds whith have been set 851de out of unr8Strfcted fvnds by the trustee$ for specffic purposgs. At31 Doc•mber 2024 2024 r•8ourc•s expended Gener81fvnd5 63,66T 230.646 (215.nz) (2.0841 ,517 17-
NEW LIFE COMMUNrrY CHURCH FORDINGBRIDGE CIO NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 19 UnT¢8trfthd fvnd• (Contlnwdl Previou• yur: At 1 Janu•ry 2013 Incomlng Re•ourc r•sourc¢s expend¢d Tran•ler• At31 D¢c•mber 2023 G8neTai funds 109.253 179.191 (2Q4,77n 83,667 Unmtrlct•d R•8trlet•d fund¥ lund• 20Z4 2024 Totsl 2024 At 31 D•c•mb•r 2024: Pfoperty, pknt and ewpment Current a•set8lll&abIlil8) s.(9 91.448 5,089 97,999 8.551 96,517 6,551 103,068 Unr••trlct•d 11•8trl¢t•d funds lunil 2023 2023 Totsl 2023 At JI 0o¢•fflb•r2K3: Prop&rty, pl8nl and 84Ubpm•nl Cuirgftt assèt(114bItIos) 6,154 77,513 8,154 88,814 11,301 83,667 11.301 94,968 Tn£tIons wlth r•14t•d part14• Ther8 were no disdosable I•ted party trunsactions in the year oth•r than the transaronS with Iru8t89s dlsclosed In Ihe tmtees note. 18-