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2022-03-31-accounts

New Life Church of God

Report and Accounts Year ended 31 March 2022

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

NEW LIFE CHURCH OF GOD

LEGAL & ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 31 MARCH 2022

ADDRESS FOR CORRESPONDENCE 117 Linceslade Grove Loughton Milton Keynes MK5 8AD GOVERNING DOCUMENT Constitution dated 30 August 2019 CHARITY REGISTRATION NUMBER 1185105 TRUSTEES RESPONSIBLE FOR Pastor Anton Kanapathipillai MANAGING THE CHARITY Associate Pastor Robin Nicholas Mathuram Joseph-Caldwell Gregory Martine Sathasivam Sasikanthan BANKERS HSBC UK Bank plc INDEPENDENT EXAMINER Ajay Rajani FCIE Stewardship 1 Lamb's Passage LONDON EC1Y 8AB

INDEX

Page 1 Legal & Administrative Details Pages 2-3 Trustees' Report Page 4 Independent Examiner's Report Page 5 Receipts and Payments Account Page 6 Statement of Assets & Liabilities Page 7 Notes to the Accounts

1

NEW LIFE CHURCH OF GOD

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

The trustees have pleasure in presenting the charity's Report and Accounts for the year ended 31 March 2022.

Objects of the charity

The charity, which is a church, is governed by a constitution and is constituted as charitable incorporated organisation. The charity's principal object ( as set out in its governing document) is, for the public benefit, the advancement of the Christian faith in accordance with the Statement of Faith as the Trustees from time to time decide.

Throughout the period, charity has tried achieve the following objectives:

Summary of the charity's main activities and achievements

To further the above objects and vision, the charity's main activities and achievements were as follows:

• We met every Sundays for our regular worship service in Tamil and English languages. During the lockdown period these events were held through Zoom. Otherwise at Cornerstone Church and at Shenley Brook End School in Milton Keynes. Also, we conducted our Sunday services in Luton RRF building.

• Bible study - every Wednesdays, weekly prayer meetings on Friday evenings and monthly fasting and prayers on second Saturdays were held in person in Milton Keynes and in Luton.

• Our Children regularly attended Sunday school; the dedication of two kids took place.

• We maintained the principle of giving – help for the needy & vulnerable were prioritised. For example,

In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.

Financial review

The charity's income for the year was £55,496 (2021: £24,356) and expenditure was £24,350 (2021: £11,740). As a result the surplus for the year was £31,146 (2021: £12,615) and the cash held by the charity increased by this amount to £147,545. This comprised unrestricted cash of £141,250 and restricted cash of £6,025. The charity was able to recommnece in person meetings during the year and, largely as a result, both income and expenditure have increased.

2

NEW LIFE CHURCH OF GOD

REPORT OF THE TRUSTEES continued

Reserves policy

The trustees have determined that the charity should aim to hold unrestricted cash of no less than £10,000 (which equates to about 3 months' of usual expenditure) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £141,520. In due course the charity would like to purchase a building and the reserves over and above £10,000 are being held for this purpose.

Governance

Responsibility for setting policy rest with the trustees who meet regularly to monitor the activities of the charity. Responsibility for the day to day operation of the charity has been delegated to a team lead by the church's pastor. New trustees are recruited and appointed by the existing trustees, by a majority vote.

Risk statement

The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.

Responsibilities of trustees

Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.

We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.

We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.

Approval

This report was approved by the trustees and signed on their behalf by:

Anton Kanapathipillai

Pastor Anton Kanapathipillai

Date: 10 November 2022

3

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

NEW LIFE CHURCH OF GOD

I report to the trustees on my examination of the accounts of New Life Church of God ('the charity') for the year ended 31 March 2022 on pages 5 to7 following.

Responsibilities and basis of report

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

I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 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 2011 Act.

Independent examiner’s statement

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

  1. accounting records were not kept in accordance with section 130 of the 2011 Act; or

  2. the accounts do not accord with the accounting records.

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

Ajay Rajani

Ajay Rajani FCIE Stewardship 1 Lamb's Passage LONDON EC1Y 8AB

Date: 17 November 2022

4

NEW LIFE CHURCH OF GOD

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2022

Notes
Income receipts
Donations from church members
Bank interest
Capital and similar receipts
Total receipts
Payments
2
3
Total payments
Transfers between funds
Net movement in funds
Cash funds at the beginning of the period
Cash funds at the period end
A
Repayment of loans made to relieve poverty
Net receipts/(payments) before transfers
Grants paid in relation to charitable activities
undertaken by others
Payments in relation to charitable activities
undertaken directly
Purchase of fixed assets		 Unrestricted
Funds
£
46,835
11
46,846
500
47,346
15,892
177
16,069
1,692
17,760
29,585
(4,465)
25,121
116,400
141,520		 Restricted
Funds
£
8,150
-
8,150
-
8,150
-
6,590
6,590
-
6,590
1,560
4,465
6,025
6,025		 2022
£
54,985
11
54,996
500
55,496
15,892
6,767
22,659
1,692
24,350
31,146
-
31,146
116,400
147,545		 2021
£
24,311
45
24,356
-
24,356
7,775
3,965
11,740
-
11,740
12,615
-
12,615
103,784
116,400

The notes on page 7 form part of these accounts.

5

NEW LIFE CHURCH OF GOD

STATEMENT OF ASSETS AND LIABILITIES

FOR THE YEAR ENDED 31 MARCH 2022

A
Cash funds
Cash in bank current account
Cash in bank deposit account
Petty cash
B
Other monetary assets
Loans to relieve hardship
Deposit for Youth Camp
C
Liabilities
Fee for:
preparing and examining the 2020 accounts
preparing the 2021 accounts
preparing and examining the 2022 accounts
Venue hire
Mission giving obligations
D
Assets retained for charity's own use
Equipment		 Unresticted
funds
£
10,953
130,404
163
141,520
-
400
400
-
-
810
1,073
-
1,883		 Restricted
funds
£
6,025
-
-
6,025
-
-
-
-
-
-
-
3,240
3,240
Fund to
which asset
belongs
Unrestricted		 2022
£
16,978

130,404
163
147,545
-
400
400
-
-
810
1,073
3,240
5,123
Current
value
£
2,565		 2021
£
15,843
100,393
163
116,400
500
-
500
780
480
-
-
840
2,100

Current value has been estimated by the trustees.

F Guarantees and secured debts

The charity has not given any guarantees and has not provided its assets as security for any liabilities.

The accounts were approved by the trustees and signed on their behalf

by Anton Kanapathipillai

date: 10 November 2022

Pastor Anton Kanapathipillai

The notes on page 7 form part of these accounts.

6

NEW LIFE CHURCH OF GOD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.

Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. 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.

2
Payments in relation to charitable activities undertaken directly
Venue hire
Honorarium paid to visiting speakers
Travel expenses
Other ministry expenses
Insurance
Fees for preparing / examining the accounts
Loans made to relieve poverty		 Unrestricted
funds
£
7,975
1,175
1,024
3,913
546
1,260
-
15,892		 Restricted
Funds
£
-
-
-
-
-
-
-		 Total
2022
£
7,975
1,175
1,024
3,913
546
1,260
-
15,892		 Total
2021
£
3,465
1,862
70
1,353
525
-
500
7,775

3 Grants paid in relation to charitable activities undertaken by others

nts paid in relation to charitable activities undertaken by others
Grants for:
UK and overseas mission
Relief of poverty and hardship		 Unrestricted
funds
£
-
177
177		 Restricted
Funds
£
-
6,590
6,590		 Total
2022
£
-
6,767
6,767		 Total
2021
£
725
3,240
3,965
4
Movement of funds
Restricted funds
Relief of poverty fund
Building fund
Unrestricted funds
Total funds		 Balance at
31 Mar 2021
£
-
-
-
116,400
116,400		 Receipts
£
2,125
6,025
8,150
47,346
55,496		 Payments
£
(6,590)
-
(6,590)
(17,760)
(24,350)		 Transfers
£
4,465
-
4,465
(4,465)
-		 Balance at
31 Mar 2022
£
-
6,025
6,025
141,520
147,545

7