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2022-01-31-accounts

New Life Bible Church

Report and Accounts Period ended 31 January 2022

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

NEW LIFE BIBLE CHURCH

CHARITY INFORMATION

FOR THE PERIOD ENDED 31 JANUARY 2022

Trustees Rev Eric Johnston (Chairman) Clive Chalkley Sybil Coppin-Babajide Jason Holmes Noel Hylton (Resigned 25/09/2022) Jared Johnston Raymond Lawson Key Staff Rev E L Johnston and Mrs M Johnston Governing Document CIO Constitution dated 18 March 2019 Charity Registration Number 1182503 Principal Address C/o 12 Flowers Avenue Ruislip Middlesex HA4 8GH

Independent Examiner Archie McDowall BA, CA Stewardship 1 Lamb's Passage London EC1Y 8AB Bankers Barclays Bank plc

Contents Page
Charity Information 1
Trustees' Annual Report 2-6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Accounts 10-17
Detailed Statement of Financial Activities with Comparatives 18

Page 1

‘‘

Trustees' Annual Report for the period

Trustees' Annual Report for theperiod Trustees' Annual Report for theperiod Trustees' Annual Report for theperiod Trustees' Annual Report for theperiod Trustees' Annual Report for theperiod Trustees' Annual Report for theperiod Trustees' Annual Report for theperiod Trustees' Annual Report for theperiod
From Period start date To Period end date
Day
01		 Month
02		 Year
2021		 Day
31		 Month
01		 Year
2022

Section A Reference and administration details

Charity name New Life Bible Church

Other names charity is known by NLBC Registered charity number (if any) 1182503

1182503 1182503
C/o 12 Flowers Avenue
Ruislip
Middlesex
Postcode HA4 8GH

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10		 Trustee name Office (if any) Dates acted if not for
whole year		 Name of person (or body)
entitled to appoint
trustee (ifany)
Mr Eric Johnston Chairman
Mr Clive Chalkley Trustee
Mrs Sybil Coppin-Babajide Trustee
Mr Jason Holmes Trustee
Mr Noel Hylton Trustee Resigned 25/09/22
Mr Jared Johnston Trustee
Mr Raymond Lawson Trustee

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

Names and addresses of advisers (Optional information)

Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

Page 2

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document

CIO Foundation Constitution

(eg. trust deed, constitution) CIO How the charity is constituted (eg. trust, association, company) Elected by agreement of all Trustees Trustee selection methods

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

Section C

Objectives and activities

Summary of the objectives of the charity set out in its governing document

(1) To advance the Christian faith by promoting spiritual renewal among individuals and churches through appropriate training or opportunities to meaningfully engage in the service of the Gospel, including rallying together for public events of prayer and worship of city-wide festivals to enlighten others about Jesus Christ, in accordance with the statements of belief and doctrine appearing in the Schedule, for the benefit of public, in England, Wales or abroad.

(2) To prevent or relieve poverty anywhere in the world by providing grants, items, and services to individuals in need and/or charities or organisations assisting with the provision of education, training, healthcare projects, and all the necessary support designed to enable individuals to generate a sustainable income and to be self-sufficient.

Page 3

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

In planning the activities, the Trustees have applied the guidance on public benefit issued by the Charity Commission and thus the church continues to;

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

Section D Achievements and performance

Page 4

Section D Achievements and performance

Summary of the main As restrictions started to lift due to the global pandemic, the charity was achievements of the charity able to restart ‘in-person’ services. As we had lost the current facility that during the year we were renting at the start of the pandemic, we have taken up temporary residence at Holy Trinity Wealdstone and have continued to operate from a skeleton framework due to our limitations of not being in our own facility.

Our Single Parents Pastor, who heads up Fresh Start, our single parents’ ministry, continued to facilitate prayer for the community on Tuesday mornings and Bible studies on Thursday evenings. Organised a trip for single parents and their children to Clacton-on-Sea in August 2021. Held a Living Water Conference in December 2021, and delivered around 20 full Christmas Hampers, including turkeys and all the trimmings to a number of those parenting alone to help with the costs of Christmas.

We have also advocated for single parents in the church/community in terms of their housing and supporting them with the appropriate advice and benefits that they are entitled to.

The Charity partnered with Harrow Giving re; a Covid-19 awareness initiative to provide information to the community to keep them informed and aware.

The Charity continued to support overseas initiatives, particularly assisting with an ongoing building project in Uganda. The building is projected to be completed in 2022; where the senior pastor will prepare to make a trip with a team to dedicate the building.

Section E Financial review

Brief statement of the charity’s policy on reserves

The Trustee’s policy on reserves at the end of the year is to have at least a yearly average of one month’s income in the accounts.

Going forward, to maintain a surplus for future years, we will adopt a workable procedure to ensure that our reserves are more than a month’s income and that we do not have a deficit balance at the end of the year.

Details of any funds materially in deficit

Further financial review details (Optional information)

Page 5

You may choose to include additional information, where relevant about:

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees

Signature(s) Eric L Johnston

Full name(s) Eric L Johnston Position (e.g. Secretary, Chair, Chairman etc)

Date 28 November 2022

Page 6

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

NEW LIFE BIBLE CHURCH ('the Charity')

I report to the charity trustees on my examination of the accounts of the Charity for the period ended 31 January 2022 on pages 8 to 18 following, which have been prepared on the basis of the accounting policies set out on pages 10 to 11.

Responsibilities and basis of report

As the charity’s trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the ICAS, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Archie McDowall

Archie McDowall BA, CA Institute of Chartered Accountants of Scotland

Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: 29 November 2022

Page 7

NEW LIFE BIBLE CHURCH

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE PERIOD ENDED 31 JANUARY 2022

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income and endowments
EXPENDITURE ON:
Charitable activities
6
Total expenditure
Net income/(expenditure)
Transfers between funds
14
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
14		 Unrestricted
Combined
Funds
£
334,401
-
138
334,539
271,500
271,500
63,039
(57,047)
5,992
99,125
105,117		 Restricted
Combined
Funds
£
21,510
-
-
21,510
77,533
77,533
(56,023)
57,047
1,024
36,100
37,124		 Total
Funds
Combined
2022
£
355,911
-
138
356,049
349,033
349,033
7,016
-

7,016
135,225
142,241		 Total
Funds
Trust
2021
£
340,790
37
156
340,984
324,542
324,542
16,442
-
16,442
118,784
135,225

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The notes on pages 10 to 17 form part of these accounts.

Page 8

NEW LIFE BIBLE CHURCH

BALANCE SHEET

FOR THE PERIOD ENDED 31 JANUARY 2022

Note
FIXED ASSETS
Tangible assets
9
CURRENT ASSETS
Debtors
10
Cash at bank and in hand
11
CREDITORS: Amounts falling
due within one year
12
Net current assets / (liabilities)
Net assets / (liabilities)
TOTAL NET ASSETS
FUND BALANCES
14
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 General
Designated
Funds
Funds
£
£
2,328
-
2,328
-
-
-
41,745
69,156
41,745
69,156
8,111
-
33,633
69,156
35,961
69,156
35,961
69,156
35,961
-
-
69,156
35,961
69,156
-
-
35,961
69,156
Unrestricted Funds		 Restricted
Funds
£
-
-
-
37,124
37,124
-
37,124
37,124
37,124
-
-
-
37,124
37,124		 Total
Funds
2022
£
2,328
2,328
-
148,025
148,025
8,111
139,913
142,241
142,241
35,961
69,156
105,117
37,124
142,241		 General
Designated
Funds
Funds
£
£
11,388
-
11,388
-
2,368
-
11,054
81,123
13,423
81,123
6,809
-
6,614
81,123
18,002
81,123
18,002
81,123
18,002
-
-
81,123
18,002
81,123
-
-
18,002
81,123
Unrestricted Funds		 Restricted
Funds
£
0
0
-
36,100
36,100
-
36,100
36,100
36,100
-
-
-
36,100
36,100		 Total
Funds
2021
£
11,388
11,388
2,368
128,277
130,645
6,809
123,836
135,225
135,225
18,002
81,123
99,124
36,100
135,225

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

Jared Johnston

Jared Johnston DATE: 28 November 2022

Charity number: 1182503

The notes on pages 10 to 17 form part of these accounts.

Page 9

NEW LIFE BIBLE CHURCH

NOTES TO THE ACCOUNTS

FOR THE PERIOD ENDED 31 JANUARY 2022

1 Statutory Information

The charity is trust registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. In making this assessment the trustees have considered the impact of Covid-19 and have concluded that its impact on net income will not be material.

b) Income

Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes:

i) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.

ii) The charity relies on volunteers to carry out many of its activities, however, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects.

Investment income represents income generated by the charity's assets and includes income from letting the charity's property and bank interest.

Page 10

NEW LIFE BIBLE CHURCH

NOTES TO THE ACCOUNTS

FOR THE PERIOD ENDED 31 JANUARY 2022

c) Expenditure

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

The cost of raising funds is not significant and has not been separately disclosed.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

d) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. Endowment funds are donations that are retained as capital in accordance with the donor's wishes. The nature of the restriction determines whether the endowments represent permanent endowments or expendable endowments.

e) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Equipment Over 3 to 7 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Leased assets

Leases which do not transfer substantially all the risks and rewards of ownership to the charity are classified as operating leases. Operating lease payments are recognised as an expense on a straight-line basis over the lease term (unless another systematic basis is more representative of use).

g) Pension scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

h) Taxation

The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

i) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

j) Critical accounting estimates and areas of judgement

ln preparing financial statements certain judgements, estimates and assumptions have to be made that affect the amounts recognised in the financial statements. The trustees consider the following to be significant:

Page 11

NEW LIFE BIBLE CHURCH

NOTES TO THE ACCOUNTS

FOR THE PERIOD ENDED 31 JANUARY 2022

3
Donations and legacies
Unrestricted
Funds
£
Donations of cash and similar
199,239
Donations in kind
Other grants receivable
89,329
Legacies receivable
Income tax recoverable
45,833
334,401
4
Income from charitable activities
Unrestricted
Funds
£
Fresh Start retreat
Startwrite
0
-
5
Investment income
Unrestricted
Funds
£
Other income
138
138
6
Charitable expenditure
Unrestricted
Funds
£
a
Costs incurred directly on specific activities
Employment costs
178,868
Property costs:
Rent
5,850
Utilities
-
Other building costs
539
Church activities
34,173
Work with children and youth
1,433
Fresh start ministries
-
Mission activities
-
Telephones
2,048
Finance and bank charges
(4)
Grants payable
Note 6c
25,745
248,651
b
Costs incurred on support & administration
Governance costs
7,661
Office and support costs
6,127
Depreciation of tangible fixed assets
9,060
22,848
Total expenditure
271,500
c
Grants payable
Grants for local support
Grants for mission support
The fee payable to the independent examiner for preparing and examining the accounts
other fees to Stewardship for any other services.		 Restricted
Total
Total
Funds
2022
2021
£
£
£
12,621
211,860
214,529
-
-
8,889
98,219
90,052
-
-
-
45,833
36,209
21,510
355,911
340,790
Restricted
Total
Total
Funds
2022
2021
£
£
£
-
-
-
-
-
37
-
-
37
Restricted
Total
Total
Funds
2022
2021
£
£
£
-
138
156
-
138
156
Restricted
Total
Total
Funds
2022
2021
£
£
£
-
178,868
172,810
-
5,850
16,875
-
-
1,892
-
539
686
-
34,173
20,396
-
1,433
737
9,709
9,709
3,153
-
-
(2,318)
-
2,048
2,415
-
(4)
17
67,824
93,569
83,689
77,533
326,184
300,352
-
7,661
2,611
-
6,127
6,802
-
9,060
14,778
-
22,848
24,191
77,533
349,032
324,542
Institutions
Individuals
2022
£
£
£
-
18,879
18,879
24,565
51,235
75,800
24,565
70,114
94,679
was £3,000 (2021: £3,000); the charity paid no		 Total
2021
£
214,529
-
90,052
-
36,209
340,790
Total
2021
£
-
37
37
Total
2021
£
156
156
Total
2021
£
172,810
16,875
1,892
686
20,396
737
3,153
(2,318)
2,415
17
83,689
300,352
2,611
6,802
14,778
24,191
324,542
94,679

Page 12

NEW LIFE BIBLE CHURCH

NOTES TO THE ACCOUNTS

FOR THE PERIOD ENDED 31 JANUARY 2022

The comparatives for the previous year are as follows:
Institutions
Individuals
£
£
Grants for local support
-
18,007
Grants for mission support
65,682
-
65,682
18,007
The charity's principal grants to institutions comprised:
2022
£
SIM International [Kenya]
20,800
Amazing Grace Ministries [South Africa]
-
River of Life Ministry Church [Uganda]
-
DJE International [USA]
3,765
24,565
7
2022
£
Gross wages and salaries
161,670
Social security
11,737
Pension costs
5,402
178,809
Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses		 2021
£
18,007
65,682
83,689
2021
£
18,205
1,957
41,666
3,854
65,682
2021
£
151,081
13,329
3,627
168,037

The average monthly number of employees during the year was 6 (2021: 6). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise the trustees and the key staff named on the Charity Information page. Total employment benefits payable to key management for the year were as follows:

Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Trustees:
Eric Johnston (CIO trustee)
53,494
-
-
Key management connected to trustees:
Merilee Johnston (wife of Eric Johnston)
18,717
-
-
The following amounts were payable in the previous year:
Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Trustees:
Eric Johnston (CIO trustee w.e.f. date of transfer)
51,630
-
-
Key management connected to trustees:
Merilee Johnston (wife of Eric Johnston)
17,821
-
-		 2022
£
53,494
18,717
72,211
2021
£
51,630
17,821
69,451

Eric Johnston and Merilee Johnston served as church leaders and received the above payments for serving in that capacity, not for serving as trustees; as advised to the Charity Commission on formation of the charity. No other trustees received employment benefits in the current year.

Page 13

NEW LIFE BIBLE CHURCH

NOTES TO THE ACCOUNTS

FOR THE PERIOD ENDED 31 JANUARY 2022

8 Acting as agent

On occasion the charity receives money on behalf of individuals, which it banks and then pays out to other individuals. This income is received as agent for these individuals and the income, and the related payments, are excluded from the Statement of Financial Activities; any money that has not been distributed by the year end is recognised as a creditor.

During the year the charity acted as agent and:

a) received £1,100 and paid £1,100 on behalf of an individual in need.

9
Tangible fixed assets
Cost
At 31 January 2021
At 31 January 2022
Accumulated depreciation
At 31 January 2021
Charge for the year
At 31 January 2022
Net book value
At 31 January 2022
At 31 January 2021
10
Debtors
Falling due within one year:
Tax recoverable
Total debtors
11
Cash at Bank and in Hand
Bank operating accounts
12
Creditors: liabilities falling due within one year
Accruals		 Fittings and
equipment
£
82,781
82,781
71,393
9,060
80,453
2,328
11,388		 2022
£
-
-
2022
£
148,025
148,025
2022
£
8,111
8,111		 Total
2022
£
82,781
82,781
71,393
9,060
80,453
2,328
11,388
2021
£
2,368
2,368
2021
£
128,277
128,277
2021
£
6,809
6,809

Page 14

NEW LIFE BIBLE CHURCH

NOTES TO THE ACCOUNTS

FOR THE PERIOD ENDED 31 JANUARY 2022

13 Pension commitments

During the year employer’s pension contributions totalling £5,402 (2021: £5,210) were payable to defined contribution personal pension schemes.

14 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Mission Fund Kenya/Ghana
Audio Visual
Mission Strategy
Sundry projects
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Mission funds (Uganda)
Mission funds (other)
Building fund
Fresh Start
Needy saints fund
Crown of Blessing fund
Covid relief fund
Visiting or other ministry
Aggregate of funds		 Opening
balance
2022
£
8,414
1,877
39,413
31,419
81,123
18,002
99,124
-
271
33,502
1,351
-
393
-
584
36,100
135,224		 Incoming
resources
2022
£
-
-
-
-
334,539
334,539
5,793
-
300
5,396
1,389
2,313
6,320
-
21,510
356,049		 Outgoing
resources
2022
£
-
-
-
-
(271,500)
(271,500)
(51,235)
-
-
(9,709)
(7,590)
(2,700)
(6,299)
-
(77,533)
(349,032)		 Transfers
in the year
2022
£
(899)
802
(23,894)
12,024
(11,967)
(45,080)
(57,047)
45,442
735
280
4,388
6,201
-
-
-
57,047
-		 Gains and
losses
2022
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Closing
balance
2022
£
7,515
2,679
15,519
43,443
69,156
35,961
105,117
-
1,006
34,082
1,426
-
5
21
584
37,124
142,241

Page 15

NEW LIFE BIBLE CHURCH

NOTES TO THE ACCOUNTS

FOR THE PERIOD ENDED 31 JANUARY 2022

In the previous year the movements in the charity's funds were as follows:

Designated Funds
Mission Fund Kenya/Ghana
Audio Visual
Mission Strategy
Sundry projects
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Mission funds (Uganda)
Mission funds (other)
Building fund
Building upgrade
Fresh Start
Needy saints fund
Crown of Blessing fund
Visiting or other ministry
Aggregate of funds		 Opening
balance
2021
£
4,810
2,794
16,794
15,960
13,992
42,634
56,626
-
886
32,975
552
970
-
-
409
35,792
116,853		 Incoming
resources
2021
£
-
-
-
-
299,091
299,091
24,096
50
-
-
1,910
8,275
7,388
175
41,893
334,538		 Outgoing
resources
2021
£
-
-
-
-
(262,857)
(262,857)
(36,329)
811
-
(551)
(3,153)
(15,467)
(6,995)
-
(61,686)
(332,608)		 Transfers
in the year
2021
£
3,604
(917)
22,619
15,459
26,366
(60,866)
(34,500)
12,233
(1,476)
527
-
1,624
7,193
-
-
20,101
-		 Gains and
losses
2021
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Closing
balance
2021
£
8,414
1,877
39,413
31,419
81,123
18,002
99,124
(0)
271
33,502
0
1,351
0
393
584
36,100
135,224

Designated funds

The Mission Fund Kenya/Ghana relates to funds set aside for the purpose of blessing a supported missionary. The Audio Visual relates to funds set aside for the purchase of new equipment.

The purpose of the setting funds aside for the Mission Strategy fund is to use these funds to facilitate any mission trips where we sow into their countries by bringing appropriate ministers to strengthen their ministries. Also to support these ministries with resources and assistance for them.

The Sundry projects fund is available to spendon variou schurch projects at the discretion of the church leaders.

Restricted funds

The Mission funds (Uganda) relates to funds donated for the purpose of assisting River of Life Ministries church who we have supported for a number of years in helping them to build a church building in a township area which, when finished, will be a hub and place for community activities.

The Mission funds (other) is for donations provided for other supported missions.

The Building upgrade relates to a capitalised asset, part of which was restricted.

The Fresh Start fund relates to funds donated for the purpose of supporting the Fresh Start ministry which aims to support those parenting alone.

The Crown of Blessing fund is for members to support specific projects already funded by the church. The visiting or other ministry fund relates to funds donated to bless visiting or other speakers.

The Covid Relief fund relates to funds donated to the church for the relief of those suffering financial hardship resulting from the Covid-19 pandemic

Page 16

NEW LIFE BIBLE CHURCH

NOTES TO THE ACCOUNTS

FOR THE PERIOD ENDED 31 JANUARY 2022

In addition to the payments disclosed in note 7, during the year the charity also made the following payments to, or for, related parties:

Except as disclosed in note 7 'Analysis of staff costs', there have been no other transactions with related parties during the year.

Page 17

NEW LIFE BIBLE CHURCH

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE PERIOD ENDED 31 JANUARY 2022

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income and endowments
EXPENDITURE ON:
Charitable activities:
6
Total Expenditure
Net income/(expenditure)
Transfers between funds
14
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
14		 2022
£
334,401
-
138
334,539
271,500
271,500
63,039
(45,080)
17,959
42,634
60,593
Unrestricted F		 2021
£
298,897
37
156
299,091
262,857
262,857
36,234
(60,866)
(24,632)
42,634
18,002
unds - General		 combined
2022
£
-
-
-
-
-
-
-
(11,967)
(11,967)
81,123
69,156
Unrestricted Fun		 trust
2021
£
-
-
-
-
-
-
-
40,765
40,765
40,358
81,123
ds - Designated		 combined
2022
£
21,510
-
-
21,510
77,533
77,533
(56,023)
57,047
1,024
36,100
37,124
Restricte		 trust
2021
£
41,893
-
-
41,893
61,685
61,685
(19,792)
20,101
309
35,792
36,100
d Funds		 Total
Funds
combined
2022
£
355,911
-
138
356,049
349,033
349,033
7,016
-
7,016
135,226
142,241		 Total
Funds
trust
2021
£
340,790
37
156
340,984
324,542
324,542
16,442
-
16,442
118,784
135,226

Page 18