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2024-03-31-accounts

REGISTERED COMPANY NUMBER: CE021493 (England and Wales) REGISTERED CHARITY NUMBER: 1189002

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

New Life Community Church

New Life Community Church

Contents of the Financial Statements for the Year Ended 31 March 2024

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 13
Detailed Statement of Financial Activities 14 to 15

New Life Community Church

Report of the Trustees

for the Year Ended 31 March 2024

The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The present charity's main objects have been to advance and promote the Christian Faith by proclaiming the doctrine, beliefs and practices of Christianity.

In support of these objectives, the main activities of the Church historically have been grouped around the areas of:

Public benefit

The trustees are satisfied with the performance of the charity during the year and in planning the activities the trustees have had regard to the Charity Commission's guidance on public benefit.

Page 1

New Life Community Church

Report of the Trustees

for the Year Ended 31 March 2024

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The church and hall buildings have continued to be used through the year and provided a base for facilities for the community to hire the Church and annex building.

New Life Community Church continues to rent the Church and annex on a long term basis from the Church of England Diocese. Internal improvements have continued in the church and annex including:

The church continues to be part of the wider Christian community. Some of the ways we have done this are through our ongoing relationship with the Ground Level network of churches. Also, having meetings in person with Aireborough Churches Together. Our senior leader continues to Chair the meetings, as well as continuing to network with many other leaders and churches. Our monthly Open Space leadership forum which encourages pastoral leaders locally, nationally and internationally continues to meet and provide excellent teaching and support.

The church has encouraged the personal growth of its members and those engaging in our worship gatherings. Some of the means for this encouragement has been through the main Sunday worship and midweek Bible study meetings.

We are concerned about and engage in helping communities and groups around the world. This includes those who are suffering from natural disasters, environmental and economic problems, as well as those undergoing persecution.

The care shown by those attending New Life Community Church has been demonstrated by generous giving in response to specific disasters. As a church at the end of each financial year we tithe 10% of our offerings both to home and away missions. Many members of the church continue to give sacrificially of their time and energy to enable the church to fulfil its objectives.

The Trustees have met regularly and continued to update their policies in line with the latest good practices. Reverend Denver Thompson, our senior leader, has been liaising and working closely with the Trustees. This year we have increased our outward focus into our community as mentioned above.

Our Vision and Mission continues as we Love God, Love people, and Love our town of Yeadon.

Tithes and special offerings

During the year, the church has been able to send financial support to various organisations in the international community, namely Samaritans Purse, Release International, St George’s Crypt, Metro World Child, One by One and Kidz Klub.

Page 2

New Life Community Church

Report of the Trustees

for the Year Ended 31 March 2024

FINANCIAL REVIEW

Principal funding sources

The church raises most of the general funds it needs to carry on its activities from within its own membership and congregation. The church is also heavily dependent on its membership and congregation working as volunteers in all aspects of the church's activities. Given the current economic conditions and the demographic of the local area we are encouraged by the generosity of our membership and congregation.

The church is grateful to a number of organisations and various individuals who have provided grants, donations and sponsorship to support much of its work in the community. Income has been boosted by the following:

Organisation Fund Amount
Voluntary Action General fund £1,000
AVS General fund £500
Otley Action General fund £400
Lighthouse Christian Centre Building fund £6,000
Leeds City Council Youth fund £450
AVSED Youth fund £434
Leeds City Council Marshall Park FC £1,455
Moorfield Garage Marshall Park FC £500
First Response Group Marshall Park FC £700
Private Donations All areas £6,250

Reserves policy

The committee has a reserves policy in order to meet its potential liabilities and has monitored and revised it as the circumstances changed. Reserves are set aside in support of the church's commitment for the long-term occupancy of the buildings and for the support of our senior leader.

In the Trustees' view, the reserves should provide the charity with adequate financial stability and the means for it to meet its charitable objectives for the foreseeable future.

The trustees propose to maintain the charity's reserves at a level which is at least equivalent to three months' operational expenditure (Rent, Minister's Salary, Utilities). The trustees’ review has been done giving careful regard to its manner of operation and likely funding streams.

The trustees review the amount of reserves that are required to ensure that they are adequate to fulfil the charity's continuing obligations on an annual basis at their Trustees meeting.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document and constitutes a Charitable Incorporated Organisation (CIO) as defined by the Charities Act 2011.

Page 3

New Life Community Church

for the Year Ended 31 March 2024

Report of the Trustees

STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure

The church is a Charitable Incorporated Organisation (CIO). The trustees of the charity comprise of two external and three internal people including the Senior Leader who is automatically a trustee as long as he holds that office.

In the present constitution, new trustees are appointed for a term of three years by resolution passed at a properly convened meeting of the charity trustees.

The leaders of the church (including the Senior Leader) are responsible for the spiritual affairs of the Church. Leaders are appointed by the Senior Leader who is in turn appointed by the trustees.

Induction and training of new trustees

All new trustees are given the Charity Commission information for trustees that explain the role of a trustee and what is expected of them.

Events following the reporting period

Following the reporting period, there was a situation which was dealt with which lead to the departure of the Senior Leader.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

CE021493 (England and Wales)

Registered Charity number

1189002

Registered office

Haw Lane Yeadon Leeds LS19 7XQ

Trustees

Rev D Thompson (resigned 15 June 2024) D W James (resigned 25 April 2024) Mrs D Arnott J Daniel-Sam Mrs C J Comrie

Independent Examiner

APR Accountancy Services Shan House 80-86 North Street Keighley BD21 3AF

Approved by order of the board of trustees on . .[1] . . .[0] . .[/] . .[1] . .[0] . . .[/] .[2] . . .[4 ....... ] and signed on its behalf by:

Denise Arnott

D . e . n .. is . e .. A . r . n . o . t . t . ( . O .. c . t . 1 . 0 . , . 2 . 0 . 2 .. 4 . 1 . 6 . : . 2 . 0 .. G . M .. T . + . 1 . ) .................................. Mrs D Arnott - Trustee

Page 4

Independent Examiner's Report to the Trustees of New Life Community Church

Independent examiner's report to the trustees of New Life Community Church ('the CIO')

I report to the charity trustees on my examination of the accounts of the CIO for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity's trustees of the CIO 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 your charity's accounts as carried out under section 145 of the Act. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the Act.

Independent examiner's statement

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 CIO as required by section 130 of the Act; or

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

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

Andrew Russell

Andrew Russell (Oct 11, 2024 09:43 GMT+1) Andrew Russell FFA FMAAT APR Accountancy Services Shan House 80-86 North Street Keighley BD21 3AF Date: .[1] ...[1] ..[/] ..[1] ...[0] ..[/] ..[2] ..[4] ............................

Page 5

New Life Community Church

Statement of Financial Activities

for the Year Ended 31 March 2024

Unrestricted
Restricted

INCOME AND ENDOWMENTS FROM
Notes
fund
£
funds
£
Donations and legacies
67,201
22,522
Other trading activities
2
-
1,000
Investment income
3
9,319
688
Total
76,520
24,210
EXPENDITURE ON
Charitable activities
Ministry
66,931
-
Mission
4,135
-
Building
-
25,113
Youth and community
-
4,679
Marshall Park FC
-
6,420
Total
71,066
36,212
NET INCOME/(EXPENDITURE)
5,454
(12,002)
Transfers between funds
9
(600)
600
Net movement in funds
4,854
(11,402)
RECONCILIATION OF FUNDS
Total funds brought forward
52,690
32,016
TOTAL FUNDS CARRIED FORWARD
57,544
20,614		 31.3.24
Total
31.3.23
Total
funds
£
funds
£
89,723
71,493
1,000
2,150
10,007
11,537
100,730
85,180
66,931
62,494
4,135
4,517
25,113
12,950
4,679
3,624
6,420
6,439
107,278
90,024
(6,548)
(4,844)
-
-
(6,548)
(4,844)
84,706
89,550
78,158
84,706

The notes form part of these financial statements

Page 6

New Life Community Church

Balance Sheet

31 March 2024

31.3.24 31.3.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 7 970 - 970 2,071
CURRENT ASSETS
Cash at bank 57,397 20,614 78,011 83,115
CREDITORS
Amounts falling due within one year 8 (823) - (823) (480)
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT		 56,574 20,614 77,188 82,635
LIABILITIES 57,544 20,614 78,158 84,706
NET ASSETS 57,544 20,614 78,158 84,706
FUNDS 9
Unrestricted funds 57,544 52,690
Restricted funds 20,614 32,016
TOTAL FUNDS 78,158 84,706

The financial statements were approved by the Board of Trustees and authorised for issue on

. .[1] . .[0] . . .[/] .[1] . . .[0] . . .[/] .[2] . . .[4 ........ ] and were signed on its behalf by:

Denise Arnott

D .. e . n . i . s . e . A . r . n .. o . t . t . ( . O . c . t . 1 . 0 .. , . 2 . 0 . 2 . 4 .. 1 . 6 . : . 2 . 0 . G .. M . T .. + . 1 . ) ......

D Arnott - Trustee

............................................. C J Comrie - Trustee

The notes form part of these financial statements

continued...

Page 7

New Life Community Church

Notes to the Financial Statements for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the CIO, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment and furniture - 20% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

continued...

Page 8

New Life Community Church

Notes to the Financial Statements-continued Notes to the Financial Statements-continued
for the Year Ended 31 March 2024
2. OTHER TRADING ACTIVITIES
31.3.24 31.3.23
£ £
Sponsorships 1,000 2,150
3. INVESTMENT INCOME
31.3.24 31.3.23
£ £
Rents received 7,042 10,799
Bank interest 2,965 738
10,007 11,537
4. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.3.24 31.3.23
£ £
Depreciation - owned assets 1,101 1,286
Other operating leases 9,000 9,000
5. TRUSTEES' REMUNERATION AND BENEFITS
31.3.24 31.3.23
£ £
Trustees' salaries 31,200 31,200
Trustees' expenses
31.3.24 31.3.23
£ £
Trustees' expenses 476 609

The above remuneration and expenses are in respect of Rev D Thompson in his role as senior minister of the church and not in his role as trustee.

continued...

Page 9

New Life Community Church

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

6. STAFF COSTS

The average monthly number of employees during the year was as follows:
31.3.24 31.3.23
Ministry 1 1
No employees received emoluments in excess of £60,000.
7. TANGIBLE FIXED ASSETS
Equipment
and
furniture
£
COST
At 1 April 2023 32,231
Additions -
At 31 March 2024 32,231
DEPRECIATION
At 1 April 2023 30,160
Charge for year 1,101
At 31 March 2024 31,261
NET BOOK VALUE
At 31 March 2024 970
At 31 March 2023 2,071
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Accruals and deferred income 378 480
Social security and tax 445 -
823 480

continued...

Page 10

New Life Community Church

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

9. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.23 in funds funds 31.3.24
£ £ £ £
Unrestricted funds
General fund 52,690 5,454 (600) 57,544
Restricted funds
Building fund 12,013 (9,510) - 2,503
Youth fund 4,695 (1,078) 600 4,217
Operational reserve 12,000 - - 12,000
Marshall Park FC fund 3,308 (1,414) - 1,894
32,016 (12,002) 600 20,614
TOTAL FUNDS 84,706 (6,548) - 78,158
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 76,520 (71,066) 5,454
Restricted funds
Building fund 15,603 (25,113) (9,510)
Youth fund 3,601 (4,679) (1,078)
Marshall Park FC fund 5,006 (6,420) (1,414)
24,210 (36,212) (12,002)
TOTAL FUNDS 100,730 (107,278) (6,548)
Comparatives for movement in funds
Net Transfers
movement between At
At 1.4.22 in funds funds 31.3.23
£ £ £ £
Unrestricted funds
General fund 61,330 (1,540) (7,100) 52,690
Restricted funds
Building fund 9,493 (2,980) 5,500 12,013
Youth fund 7,727 (861) (2,171) 4,695
Operational reserve 11,000 - 1,000 12,000
Marshall Park FC fund - 537 2,771 3,308
28,220 (3,304) 7,100 32,016
TOTAL FUNDS 89,550 (4,844) - 84,706

continued...

Page 11

New Life Community Church

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

9. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 65,471 (67,011) (1,540)
Restricted funds
Building fund 9,970 (12,950) (2,980)
Youth fund 2,763 (3,624) (861)
Marshall Park FC fund 6,976 (6,439) 537
19,709 (23,013) (3,304)
TOTAL FUNDS 85,180 (90,024) (4,844)

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
movement between At
At 1.4.22 in funds funds 31.3.24
£ £ £ £
Unrestricted funds
General fund 61,330 3,914 (7,700) 57,544
Restricted funds
Building fund 9,493 (12,490) 5,500 2,503
Youth fund 7,727 (1,939) (1,571) 4,217
Operational reserve 11,000 - 1,000 12,000
Marshall Park FC fund - (877) 2,771 1,894
28,220 (15,306) 7,700 20,614
TOTAL FUNDS 89,550 (11,392) - 78,158

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 141,991 (138,077) 3,914
Restricted funds
Building fund 25,573 (38,063) (12,490)
Youth fund 6,364 (8,303) (1,939)
Marshall Park FC fund 11,982 (12,859) (877)
43,919 (59,225) (15,306)
TOTAL FUNDS 185,910 (197,302) (11,392)

continued...

Page 12

New Life Community Church

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

9. MOVEMENT IN FUNDS - continued

Fund details

Building fund Donations received towards the purchase and maintenance of the church building. Youth fund Donations received towards youth and community work. Operational reserve Funds held equivalent to at least three months' operational expenditure. Marshall Park FC Grants, sponsorship and donations received for the running of Marshall Park FC.

10. RELATED PARTY DISCLOSURES

Rev D Thompson (a trustee of the charity) received a salary of £31,200 (2023: £31,200) for his employment as senior minister and not in his role as a trustee.

During the year fees of £378 (2023: £480) were payable to Daniel Sam Limited, a company in which Mr G DanielSam, son of Mr J Daniel-Sam (a trustee of the charity), is the sole director. The charges were paid in respect of accounts preparation services.

Page 13

New Life Community Church

Detailed Statement of Financial Activities for the Year Ended 31 March 2024

Detailed Statement of Financial Activities
for the Year Ended 31 March 2024
31.3.24 31.3.23
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Freewill offerings 48,330 36,645
Special offerings 734 1,091
Gift aid 10,490 9,530
Grants 1,900 4,800
Donations to building fund 15,259 8,000
Youth and community donations 3,401 2,361
Miscellaneous income 647 616
Open space forum 2,317 2,592
General donations 6,645 5,858
89,723 71,493
Other trading activities
Sponsorships 1,000 2,150
Investment income
Rents received 7,042 10,799
Bank interest 2,965 738
10,007 11,537
Total incoming resources 100,730 85,180
EXPENDITURE
Charitable activities
Trustees' salaries 31,200 31,200
Trustees' expenses 476 609
Social security - 1,017
Other operating leases 9,000 9,000
Insurance 700 670
Light and heat 10,561 5,970
Telephone 664 604
Postage and stationery - -
Sundries 2,378 836
Gifts to guest speakers 3,235 2,274
Tithes and special offerings 4,135 4,517
Open space forum 2,230 2,484
Building repairs 24,810 12,454
Cleaning 520 375
Grounds maintenance 303 496
IT maintenance 572 336
Refreshments 364 471
Evangelism - 274
Youth and community 4,798 3,671
Training and development 290 315
Carried forward 96,236 77,573

This page does not form part of the statutory financial statements

Page 14

New Life Community Church

Detailed Statement of Financial Activities
for the Year Ended 31 March 2024
31.3.24 31.3.23
£ £
Charitable activities
Brought forward 96,236 77,573
Men's breakfasts 2,931 3,511
Marshall Park football costs 6,420 6,439
Depreciation of tangible fixed assets 1,101 1,286
106,688 88,809
Support costs
Governance costs
Accountancy and legal fees 590 1,215
Total resources expended 107,278 90,024
Net expenditure (6,548) (4,844)

This page does not form part of the statutory financial statements

Page 15