New Life Church of God
Report and Accounts Year ended31 March 2023
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 2023
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
Page 1
NEW LIFE CHURCH OF GOD
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023
The trustees have pleasure in presenting the charity's Report and Accounts for the year ended 31 March 2023.
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 objects (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, the charity has tried to achieve the following objectives: - to advance the Christian faith in the local area and overseas (particularly Sri Lanka and India)
- to assist those in need in the UK, India and Sri Lanka.
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 Sunday for our regular worship service in Tamil and English languages at Shenley Brook End School in Milton Keynes. Also, we conducted our Sunday services in Luton RRF building and Central Baptist Church. We have also started Sunday services in Aylesbury which takes place at Walton Hall – Aylesbury
• Bible study every Wednesday, weekly prayer meetings on Friday evenings and monthly fasting and prayers on the second Saturday were held in person in Milton Keynes and in Luton.
-
Our Children regularly attended Sunday school; the dedication of four kids took place.
-
We had a youth camp in Wales; around 40 youngsters attended and were revived.
-
We maintained the principle of giving – help for the needy and vulnerable were prioritised. For example,
-
Fundraising events were held and the funds raised were distributed to several families in Sri Lanka.
-
Helping prisoners' family in India
-
Clothes & wearable accessories were shipped to Sri Lanka.
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 £53,117 (2022: £55,496) and expenditure was £45,830 (2022: £24,351). As a result the surplus for the year was £7,287 (2022: £31,145) and the cash held by the charity increased by this amount to £154,832. This comprised unrestricted cash of £146,884 and restricted cash of £7,948.
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 £146,884. 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.
Page 2
NEW LIFE CHURCH OF GOD
REPORT OF THE TRUSTEES continued
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: 23 January 2024
Page 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 2023 on pages 5 to 7 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
- 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: 23 January 2024
Page 4
NEW LIFE CHURCH OF GOD
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
| Notes Income receipts Donations from church members Income from youth camp 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 £ 48,405 1,420 510 50,335 - 50,335 35,326 1,200 36,526 3,553 40,079 10,256 (4,892) 5,364 141,520 146,884 |
Restricted Funds £ 2,782 - - 2,782 - 2,782 - 5,751 5,751 - 5,751 (2,969) 4,892 1,923 6,025 7,948 |
2023 £ 51,187 1,420 510 53,117 - 53,117 35,326 6,951 42,277 3,553 45,830 7,287 - 7,287 147,545 154,832 |
2022 £ |
|---|---|---|---|---|
| 54,985 - 11 |
||||
| 54,996 500 |
||||
| 55,496 | ||||
| 15,892 6,767 |
||||
| 22,659 1,692 |
||||
| 24,351 | ||||
| 31,145 - |
||||
| 31,145 116,400 |
||||
| 147,545 |
The notes on page 7 form part of these accounts.
Page 5
NEW LIFE CHURCH OF GOD
STATEMENT OF ASSETS AND LIABILITIES
FOR THE YEAR ENDED 31 MARCH 2023
| A Cash funds Cash in bank current account Cash in bank deposit account Petty cash B Other monetary assets Deposit for youth camp Deposit for annual church camp C Liabilities Independent examiner's fee for preparing and examining the accounts Venue hire Mission giving obligations D Assets retained for charity's own use Equipment Current value has been estimated by the trustees. |
Unresticted funds £ 15,807 130,914 163 146,884 - 2,400 2,400 870 1,019 3,240 5,129 |
Restricted funds £ 7,948 - - 7,948 - - - - Fund to which asset belongs Unrestricted |
2023 £ 23,755 130,914 163 154,832 - 2,400 2,400 870 1,019 3,240 5,129 Current value £ 4,322 |
2022 £ |
|---|---|---|---|---|
| 16,978 130,404 163 |
||||
| 147,545 | ||||
| 400 - |
||||
| 400 | ||||
| 810 1,073 3,240 |
||||
| 5,123 | ||||
E 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 -------------------------------------------Pastor Anton Kanapathipillai
date: 23 January 2024
The notes on page 7 form part of these accounts.
Page 6
NEW LIFE CHURCH OF GOD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
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 Youth camp and church camp Other ministry expenses Insurance Examiner's fee for preparing and examining the accounts 3 Grants paid in relation to charitable activities undertaken by others Grants for: UK and overseas mission Relief of poverty and hardship 4 Movement of funds Balance at 31 Mar 2022 £ Restricted funds Relief of poverty fund - overseas - Relief of poverty fund - UK - Building fund 6,025 6,025 Unrestricted funds 141,520 Total funds 147,545 |
Unrestricted funds £ 15,918 3,315 1,725 5,140 7,725 633 870 35,326 Unrestricted funds £ 1,200 - 1,200 Receipts £ 859 1,768 155 2,782 50,335 53,117 |
Restricted Funds £ - - - - - - - - Restricted Funds £ - 5,751 5,751 Payments £ (5,751) - - (5,751) (40,079) (45,830) |
Total 2023 £ 15,918 3,315 1,725 5,140 7,725 633 870 35,326 Total 2023 £ 1,200 5,751 6,951 Transfers £ 4,892 - - 4,892 (4,892) - |
Total 2022 £ |
|---|---|---|---|---|
| 7,975 1,175 1,024 - 3,913 546 1,260 |
||||
| 15,893 | ||||
| Total 2022 £ |
||||
| - 6,767 |
||||
| 6,767 | ||||
| Balance at 31 Mar 2023 £ - 1,768 6,180 |
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| 7,948 146,883 |
||||
| 154,832 |
Page 7