The Charity Registration Number is :_ 1203749 NEW CREATION CHURCH LIVERPOOL Report and Accounts 31 May 2024
NEW CREATION CHURCH LIVERPOOL Report and accounts forthe yearended 31 May 2024 Contents Page Trustees, Annual Report Statemeni ol Trustees Responsibilities IndependentAccountant's Report Statement of FinancialAciivr(ie5 Movements in funds Income and Expenditure account Balance sheet Notes to the accounts io 12 16 17 18 20
NEW CREATION CHURCH LIVERPOOL Trustees. Annual Report for the year ended 31 May 2024 The Trustees present their Report and Accounts fr>r the year ended 31 May 2024. Reference and admlnlstrative detalls The charlty name. The lag81 norne ol the charity is:_ NEW CREAMON CHURCH UVERPWL The charity is also known by its operab.ng name, NEW CREATION CHURCH LIVERPOOL. The ch8rlty* are&s opw¥Uon and UK ¢hrftablo fBg151rnkn. The charity is registèrtd in England & Wales Charrty Commission England & Wales ICCEW) with harity number 1203749. The charity does not operate in any 0vets$ pirisdictions. Legolstrycture of th• charlty The charity 18 constituted as a Charitable Incorporated (nIsation ICIOI in England & Wales. The govemirg document ofthe charrty is the constitubon of the CIO as approved by thg Chaiity cmISsion in Ersland & Wales ICCEWI . The goveming document is dated 27 June 2023 There are no reslriclions in the goveming documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law. The trustees are all indivKluals.
NEW CREATION CHURCH LIVERPOOL Trustees. Annual Report for the year ended 31 May 2024 The pdnclpal OlatIng addwFs8. telephone number. emall and w•b add$8$ of the charity are:. 34 Laxton road Liverpool, UK L25 OPQ Telephone'07307090393 Email Address bhatti5tephan1 rnail.oyn Web address httpS'.lfvhf.faCeb0Ok.ComlneWCrèa.on.chUr¢tt.372 Thè Trustees in office on the date the r•port was approved were: Stephan Bhatti Jennifer Louise Mckenzie Rakesh Kumar Karamvir Kaur Garg Th• followlng p•rsons ser¥td a8 TrustO8s durfng the year eThl•d 31 May 2024 : The tru vtho $?ryed as a trustee in Ihe rwbng as shcA¥n above, and there %%*re no aroes durin9 the year. or in the pe111 ben thè year end and the approval ofthe accounts. All the trustees are also members of the charity. Objects and activltles of the Charity The purposes of the charity as set out in its governing documenL To advance the Christian religion for the benefit ol Ihe public in Liverpool in accordance with the slalemenl of faith by holijing services of prayer and worship. providing faith teaching and delivering Christian outreach.
NEW CREATION CHURCH LIVERPOOL Trustees, Annual Report for tho year ended 31 May 2024 The main activities undertaken In rnlation to those purposes durfng the year. Over the past year. the te8m at New Creation Church Liverpool has consistently aligned its work with the Commission's guidance on delivering public benefit, wth particular attention lo the Sections related to charities that exist to promote and advan religion. We approached this responsibility with diligence and integnty, ensuring that all of our inf(iatives reflected both the regulatory framework and the fvndamenlal principles of our faith. Our efforts were underpinned by a Str commilment to indusivity and communrty involvement. We welcomed individuals from diverse backgrourKls. encouraging them to become valued members of the parish community. The church 5eTved as a spiritual haven-offering space for prayer, worship, and quiet reflectiOrere individuals could deepen their connection wth the dine in a peaceful and Supportive enwronmenL Religious education remained a cornerstone of our mission. We offered structured teaching on the Gospel, aiming to shed light on its deeper meanings and inspire greater understanding of Jesus, teachings. These edLtcational efforts look a variety of forms and were designed lo help participants engage more meaningfully their faith and explore the broader dimensions of Christian tradition. We also placed a strong emphasis on pastoral support Our team devoted considerable time 8nd care to reaching out to those in neeether through missionary Outreach or direct pastoral asslstance. These efforts were guided by compassion and a desire to ensure that everyone wlhln the parish fell seen, Supported. and sritualty nurtured. In summary. our work at New Creation Church Liverpool this year has reflected a careful adherence lo public benefit requirements, 8 welcoming spirit of inclusion. a robust commitment lo religious education. and heartfelt pastor81 care. Through these efforts, we continued to actively promote the advancement of religion in a way that genuinely ben8ffits our wder communlty. The main actlvlfles undertaken durtng the year to further the charity's puryose ft)r the public benefiL
NEW CREATION CHURCH LIVERPOOL Trustses. Annual Report for the year ended 31 May 2024 New Creation Church Liverpool delivers a broad spectNm of year-round ministries, each carefully shaped lo nourish both the spiritu81 life and the communal wellbeing of our richly varied conggatiOn. Every programme is designed wth purpose. ensuring that those who attend encounter experiences that are both enriching and deeply satisfying on a spiritual level. Central to OLtr schedule is Ihe Sunday prayer service-long regarded as the heartbeat of our church calendar. These weekly gatherings are thoughttully prepared to cultivate an atmosphere of intimacy, Iranquillity, and contemplation. In that calm and sacred setting, worshippers find spaee lo draw closer to God. rellect on their joumeys, and draw fresh inspiration for #ally living. We also p18ee strong emphasis on guiding young people as they explore Christianity and the dislincl beliets of our fellowship. Age-appropriate sessions-intera¢live. engaging, and Tooled in scripture-help younger members build a fim SritU foundation and discover how faith can infomi their choices and aspirations. Welcorning families lies at the core of our mission. By providing tailored teaching resources and family-orienled activities. we support parents in passing on Christian values to their children while simultaneously deepening adults, ovm understsnding of faith. The result is a mults'generalional environment where people of all ages grow together. Our doors remain wde open lo the wder community. and we warmly invite everyone to take part in our regular services. Over the past e1ve months we celebrated 90 new members joining our fellowship. and our average weekly attendance now Stsnds at approximately 90 worshippers-evidence of the energy and commilmenl that characlerise New Creation Church Liverpool. From prayer and worship to youth diseipleship and family support, New Creation Church Liverpool offers a rich array of ministries that meet the diverse needs of those we serve. We rejoice in our steadily expanding congregation and in the positive, failh-filled impact our church continues lo make in the lives of all who seek spiritual grovth and genuine communty. The trustees have had ward to the Chanty Conmission's guKlare on pubfic benefft in managing the activities of the charity. The main achievements and perforniance of the charity during the year.
NEW CREATION CHURCH LIVERPOOL Trustees, Annual Report for the year ended 31 May 2024 Through a thoughllully strudured range of service5 and initiatives, the church has effectively fostered an environment conducive to spiritual development and communal involvement. This is reflected in the consistenuy strong tumout al Sunday prayer gatherings. where attendees experierice a serene and meanlngful setting for worship and introspection. In addition. the ¢hurch'8 steadfast commitment to guiding youth in their exploration of Christian teachings has played a Mtal role in shaping their spiritual understsnding. A notable achievement has been the welcomin9 of families with children, enhancing faith awareness within this group. Overall. the church stsnds as a vibrant center of faith and inclusive community lrfe. The dlfference the charity s perfonnance during the year has mado to the beneficiaries of the charity. The church's conlributson5 during the period in question have led to notable benefits for btrth its congregation and the broader community. Spiritual Enrichment and Faith Building= The delivery of meaningful seNices. teachings. and worship opportunitiès ha5 helped deepen the spiritual lives of congregants. By offering more immersive and Ihoughl-provoking faith experiences. the thurch has enabled indivlduals to Strengthen thr relationship wth God and find greater spirstual purKK)se. Youth Development and Leaming.. Well-designed youth program$ have played a key role in enhancing young people's knowledge of chrisb.an values. Through inleraclive leaming. mentorship. and failh-based activities. younger members have gained a deeper and more personal understanding of the faith. Welcoming Environment.. The emphasis on hO$talIty and indusion, parbculady for families with children. has built a more united and supportive parish community. The church's efforts to eal# a space of acceptsnce and care have been especially meaninglul for new families joining the congregation. Support and OLrtreach Impacl: The effectiveness of outreach work has been evident in the tangible support provided to those facing hardship. Measured by the numiEr of live5 touched and the quality ol aid delivered, the churth's outreath has brought real. lasting bonefits lo peopl8 in nood across the wder community. The degree to which the achleven7ents and perforn?ance durfng the year have bènèfited wider society. The church has effectively met its staled objectives and perf0rnan indicators, th the positive outcomes reaching beyond the immediate congregation. The progress and accompllshments demonstrated during thls period have brougm tangible value lo the broader community in various impactful and meaningful ways.
NEW CREATION CHURCH LIVERPOOL Trustees, Annual Report for the year ended 31 May 2024 Structure, governance and rnanagement of the charlty The methods used to recruit and appolnt new Charity trustees. The CunI Iruslees oversee the process of reeruiling and appointing new trustees. When vacancy arises, the board seeks suitable candidates and invites interested indiwduals lo submit their Cvs, outlining their skills and potential contributions to the charity. Al nevAy appointed Iruslees are required to serve a one•year probationary penod before they can be confimied as permanent members. Flnanclal review The charitys financialposition at the end of the year ended 31 May 2024 The financial position of the charity at 31 May 2024 and comparativgs for the prior period. as more fully detailed in the accounts. can be summarised as follows". 2024 2023 Net Income UnstrICted Revenue Furlth availabje for the general purposes of the chanty Total Funds Financlal review of the position at thg repong date, 31 May 2024. Fund5 available are sufficient to Fermit the charity lo continue operating in the medium lo long term. The day-l(Hlay running of the church is supported by voluntary donations. There are rko uncertainties about the charity continuing as a going concem. Policies on reserves.
NEW CREATION CHURCH LIVERPOOL Trustees. Annual Report for the year ended 31 May 2024 Financial reviTew of the posltson at the reports.ng date, 31 May 2024. Funds available are sufficient to permit the charity to continue operating in the medium to long leryn. The day-lTrday running of the church is supported by voluntsry donations. There are no uncertainties aljoul the Charity continuing as a wing concem. Policies on reserves. Maintaining reserves is essential to safeguarding the church'5 long-tem) financlal health. allowing il lo continue its mission, sustsin operations, and deliver consistent services lo the community. The church maintains the followng reserve kx>licies= 1. Opeialional Reserve." Sel aside to manage short-tem cash flow needs, unexpected costs. or urgent matters affecting daily acb"vities. This reserve ensur8s that vital programs and services are not disrupted due lo UnfoSeen financial challenges. 2. Growth and Development Reserve.. Allocated for ftrturg dgvglopment, strategic projects, or large capital investments. This fund supports the church's long-lemi vision. su¢h as building upgrades or aUlng new Spaces to meet gro44ing community demands. Availability and adequacy of assets of each of the fiinds The board of trustees is satisfied that the charity$ assets in each fijnd are available and adequate lo fulfil its obligations in respect of each frjnd.
NEW CREATION CHURCH LIVERPOOL Trustees. Annual Report for the year ended 31 May 2024 Detalls of The Independent Examlner Karnran Mukhltar Member ofACCA Smtthdown road Liverpool UK L7 4JG Statement of Trustees. Responsibilltles The charity's InJslees are responsible the pparation of the accounts in aCrdance wth the temis of the Charities Aet 2011 and the Chartbes {Accounts and Reports) Regulations 2008. Notwlhstanding the explicit requirement in the extant statutory regtJlalions,Ihe Charities (Accounts and Reports) Regulations 2008. to prepare the financial statements in accordance with the SORP 2005. in view of the fact that the SORP 2005 has been withdrawn. the Trustees delemiined lo interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP {Stalement of Recommended Practice for Accounting and Repo"ng by Chariliesl 2019, applicable to all acctyJnting periods beginning on or after 1 st January 20191. (the SORP). . In partr¢ular. charity law requires the Twslees, rfthey prepare accounts on on accru81s basis, to prepare financial statements for each financial yearwhich give a true and fair view of the slate of affairs of the charity as al the end of the financial year and of the surplus or deficit of the charity. In preparing those financial stslemenls the Trustees a required to :_ - to prepare the accounts in accordance th United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Stsndards and applicable lawl. select suitable accounting polieies and apply them Consisteny', make judgements and estimates that are reasonable and pnJdenl- prepare the financial statements on the going ¢oncem basis unless il is inappropriate lo presume that the charity wll continue in business,. sl*e whether applicable accounting stsndards and Statements of recommended practice have been followed. subjèct to any material departures disclosed and explained in the financial 3latements", The law requires that the truslees must not appro the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or defieil of the charity for the yeaf.
NEW CREATION CHURCH LIVERPOOL Trustees. Annual Report for the year ended 31 May 2024 The Trustees are also responsible for maintaining adequate accounting records which diselose th ¥easonable accuracy al any time the financial position of the charity and which are sufficient lo show and explain the charity's transactions 8nd enable them to ensure that the financial Statements comply wlh regulation$ made under the Charities Ad 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and deleGtion of fraud and other irregularibes. The Trustees are also responsible for the contents of Ihe Trustees. report, and the statut(wy sI.11ty of th• Independent Examiner in relation to the Trustees. report is limited to examining the report and ensurfng that , on the faee of the report. there are no rnaterial inconsistencies bwth the figufes disdosed in the financial statements. This report was approved by thè board oftru$te8s on 10 Jur* 2025. Stephan Bhatti Trustee
NEW CREATION CHURCH LIVERPOOL Roport of the Independent Accountanl to the Trust of the ¢haiity on the accounts for the year ended 31 May 2024 We rèport on th$ finana81 $ts¢emènts of NEW CREATION CHURCH LIVERPOOL forthe year ended 31 Mey 2024, 8¥ set out on pages 12 to 20, vthich comprise the Statement of Finanoal Acts'vth"è5, the Income and Expenditu Account. the Balan Sheet and the related notes to the finanual staternènts. ind1n9 a sumrnary ol Signifint accounting polia•s. In our opinion, the a)MpanyIng finanual Statements ol thè tharity are preparad. in all material respects, in accordance with charity law appIlble wthin the jurisdiction of Efyaland & Wales and the aceounts ha¥ been prepared in accordance with FRS 102 SORP Istatement ol Recommended Practice for Accounting and Raporting by Charibe$l 2019. appIlble to all 8CtountiThJ penods beginnirKJ on or after 1st January 20191, IThe SORPI, publishad by the Charity Commission in England & Waks ICCEW) und&r the historical cost convents"on. and in accordan the accounbng polioes set out on page 19, vthich framework constitutes the applitable United Kingdom GenerlY Awepted AccA)un&"rrfJ Piactic•. Resp•etlve rn8pon8lb511ti•# of th• direthr• and thg aeeountarrt As desutbad on page 9, you. the charitys TAtee$ am re5ponsibk8 for the preparab.on of the a¢vn. The Trustees consider that the requirerrent of Se¢b"on 14411101 th8 Charitses Act 2011 (the Act) does not apply. and tt)at the 1$ no requirement in the Goveming Document for the coriducting of an au¢it. Th8 Trustees also consider the Charity to bè 8xempt from the iequir8rnent to ba to IndepeThJent Examinats"on. Our responsibilty is to prepare a¢wunts upon the of the infornation supplied to u3, vitthoul dUcting any ft>rrnal scwtiny. No statement of oplnlon We have not Carried out any a111 prowJur•5 and havè teli&Y upon infoffjwknn $upplied to us by th• Tnjstees, and the information supplied by Trustees in the course of the examinatKJn is not subjèoed to audf( tests or ènquiries. and consequendy we do not eXpsS an audrt or olher assuran opinion on the wew given by the accounts. Slgn•d-. K4mran Alukh¢tar - Ind¢pond•ntAccourrtant ACCA Chartefed Certilieii hcGounl8DI< 4a Smithdown Road. Liverpool UIL. L74JG 01517335679 .38bii8nd¢o.Go.uK. 4a Smithdown ro*l Livefpoor UK L7 4JG This report was signed on 11 Junè 2025 10
NEW CREATION CHURCH LIVERPOOL 11
NEW CREATION CHURCH LIVERPOOL - Statement of Flnancial Activities for the year ended 31 May 2024 Statement of Financial Activities for the year ended 31 May 2024 SORP Curr•nt year Unrnstriet Funds Curr•nt y•ar CuvrentYT Tot•1 Fund8 Fund 2024 2024 Income & Endowments frorn: Donations & Legaaes A1 21,5CrfJ 21.500 ExPendIr• on: Charitsble activth.trs B2 14.840 Total expènditure 14,840 14,840 Net income forth• year 6,660 6.880 Net In¢ome aftsf transfers A-B-C Net movernent In fvnds 6,660 Reconclllation of funds:. Total fund8 carrfed forward 6,660 6,660 The'SORP Ref inditea above is da88ification of irKryne set out in Ihe fonnal SORP do¢uments. As quired by paragraph 4.60 ofth8 SORP. the bmught forwwd and earried fowdrd lunds atr>Jve have teen agreed to the Balance Sheet. A separate Statement of Totsi Recognwl Gains and Los8es not required as this 5taterrnt indudes all reojgnised gain5 a1 losses. All thè prior yeartransaclion$ unrestricted it$, and no fijrther anatysis is required All activities derive from continuing opeth'ons The notes attached on pages 19 to 20 forni an Integrnl part of these accounts. 12
NEW CREATION CHURCH LIVERPOOL - Statement of Financlal Actlvltles for the year ended 31 May 2024 The notes attached on pages 19 to 20 fomi an Intogrnl part of these accounts. 13
NEW CREATION CHURCH LIVERPOOL - Statement of Financlal Activities for the year ended 31 May 2024 14
NEW CREATION CHURCH LIVERPOOL . Statement of Flnanclal Actlvltles for the year ended 31 May 2024 NEW CREATION CHURCH LlliERPOOL- Resources applled In the year ended 31 May 2024 towards fixed assets for Charity use:. 2024 Funds 98nerated in the year as detailed in the SOFA Resource5 appl on functional fixed assets Other applications of lunds Net resources available to fund charltable actlvltles 6.900 The not•$ attached on pag¢$ 19 10 20 fomi an Integral part of thesè accounts. 15
NEW CREATION CHURCH LIVERPOOL - Statement of Financlal Actlvltles for the year ended 31 May 2024 Movements In revenue and capital funds for the year ended 31 May 2024 Revanue a¢cumulatod funds Total Fynds 2024 Funds 2024 Fut)d 2024 Reccgnised gain5 and losses before transfers 6.660 6,660 C108Ing revenut funds 6,660 Summary of funds Re8trlct•d Funds Tolal Furbd¥ an 2024 Revenue accumulated f¥Jfvas 6.680 The not9s attached on pages 19 to 20 fomi an Intsgrnl part ofthese accounts. 16
NEW CREATION CHURCH LIVERPOOL- Statement of Flnanclal Actlvitles for the year ended 31 May 2024 NEW CREATION CHURCH LIVERPOOL In¢ome and Expendlture Account for the year ended 31 May 2024 as r8qulred by the Companles Act 2006 2024 Income from opèratior 21,5C(I Investment income Gro•$ Income In th• y•ar ftsre exceptlonal Stsms 21.61JO Gr8 Income In the ar Includlng except101 Items 21.51JO Expendlture Charitable exFenditure. excluding depation arnorbsation Realised losses on dispos813 of social investrnents are Fwramme related 14,840 Total •xpendtture In the year 14,840 N¢t In¢om• b•for• tax In the finan¢lo1 year 6,660 Tax gn SUluS on ordinary acljvltS Net Income after tsx In the Ilnanelal year 8.660 Retalned surplus for the flnanclal year 6.660 l aclivilies derive from continuirvJ oper8b.ons In accordance wth the pr¢)vision5 of Ihe Compans Act 20[, th8 headin95 and $ubheadirYJs used in th Income and Expenditu oc¢ount have teen *Japted to refiect the Sp81 natu ofthè charilY5 activities. The notss attached on pages 19 to 20 forni an Intsgrnl part of thes0 aounts. 17
NEW CREATION CHURCH LIVERPOOL - Balance Sheet as SORP Note Ref 2024 Flxed assèts Tangible assets Current assets Cash al bank and in hand 1,160 Creditors.. amounts falllng due withln ortè year 8 C1 {400} Net currènt assets The total net assets of the charlty 6.660 The total nèt assets of the ¢harity ar• funded by th• funds ofthè charity. as follows'.- Re$trlcted ftFnd$ Unr•stricted Fund$ Unre$lri¢led Revenue Funds 11 D3 D•$ignated Fund¥ Total charity funds 6,660 Th•'SORP Ref indiealed above is the cla8sffication of B818nce Sheei items as set out in thè forrnal SORP do¢vments. As required by paragraph 4.60 of the SORP. Ihe brought forward and ¢arried lorward lunds above have been 8greed to thè SOFA.. The Trustees 9¢knedge their iesponsibilitres for complying with the requirements of charity legislation vrith respect to accounting fe¢ords and the preparation of accounts. The Trusteos a satisfied that. athough the charity is not registered under Ihe Companies Acts, if il were so registered. il would be eligible to prepare accounts in ccordancè vthh the prowsion8 in Part 15 of Ihe Companies Act 20c. applicable to companiÈ5 subject to the 3mall companies regime. STEPHAN BHAThI Tru51ee Approved by the l)oard of tnjstees on 10 June 2025 18
NEW CREATION CHURCH LIVERPOOL - Balance Sheet as Th8 notes atta¢hgd On pages 20 to farni •n Int¢grnl p•rt ofthese aceaunts. 19
NEW CREATION CHURCH LIVERPOOL Notes to the Accounts for the year ended 31 May 2024 1 Accounting poll¢les Policiés relating to the pmductlon of th8 accounts. Baslg of preparation and accounting conv•ntlon The accounts have been prePad on the a¢cruaL% basis. ur Ihe histtyical cost nvention, an¢1 in accordance Wbth the Financial Reporfiry Stsndard 102. letlecti¥e 1st January 20161 and'FRS 702 SORP (Statement of RecommeFJded Practice forAccounting arxl Repo"n9 by Charitsesl 2019. applicable to all aeeounting periods beginning on or after 1st January 20191, rrhe SORPI, published by the Charty Commission in Eroland & Wale5 ICCEW) . and in accordance wth all applicable law in the charitls juris(liction of wistration. except that the charrty has Prepa Ihè finanryal statements in accordance with the FRS 102 SORP Istatement of Recommended Practice forAccounting and Reporting by Charities) 2019, applicable to all accounting Feriods Winnirg on or after 1st January 20191, IThe SORPI, in Preferen to the pVIouS SORP. the SORP 2(K)5. which has been wthdra¥, nOthstanding the fact that the extant statutory regulations. the Charitses (Accounts arKI Reports) RulationS 28 f•r explicitly to the SORP 2005. This has been done to acc with ¢urrenl best practs.. Golng Concern The charitable activities are entirely dependent on eontinuiro voluniary donations. As a conseouencE. the going concem basi5 is depen(lent on ¢he ftrture flctw of these uncertaift fijnding stream$. Accordingly. the Trustees have ¢btained foreu$ts and, after reviewirYJ the finanaal foTe¢asts for ftrtU periods to 31 May 2025, the Tw$tee$ are satisfied thaL at the tirne of approwng the finanaal staternents, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Tnjstees are not aware of any material un¢ertainrtes about the ¢haiitl$ abilrty to conb.nue a5 9 going con¢em. R15ks and future assumpuons The eharitable actiwties a entirely dep•xlent on ccffitinuirYJ gr8fTrt attl and voluntary donations as well as trading revenues. A5 a consequence. the going cOnM basis 1$ dependen¢ on the luture flow of these uncertain funding streams. Accordingly. the Trustees have obtained forecasts and, after vie17ng the financial I0caSts for fu-.ure periods to 31 May 2025, Ihe Trustees are satisfied that. at the time of approving thg financial stalements. it is appropriate to adopt the going coneem basi% in preparing the financial statements. Otlier than these matters, the Trustee5 are not aware of 8ny material UnrtaInIte$ aboth the charity's abilitj, to continue as a 90irvJ concem. Poll¢ies relatlng to categorfes of Incom• andlneome recognitson. Nalurè of In¢orne Gr0$5 income represents the value. net of value *lefJ tax and d¥seounts. of gocth provided to customers and work carrièd out in rJspeci of seNees pro¥KJed to customet5. Categorles of Ineorne 20
NEW CREATION CHURCH LIVERPOOL Notes to the Accounts for the year ended 31 May 2024 Incorne is categ0ri5ed as income from ex¢han9e transactions Icontra(a incc¥nel and in¢xJme from non- exchange transaction8 Igiftsl. inve51ment income and other incorne. Incorne from oxthaftge tran$a¢ttons is rteeNed by the ¢hafity lor gOS or $eNees suppfied under contract or where entrtletnent is Subject to frj11Ing performance related eondthgns. The income the chaity receives is approximately equal in valuts to the goc#Js or Servi sUd by the charity to the purchaser. Income from a non4xchange tran$adion 1$ %vhwe the Charity rece85 value from the donor wthOLrt providing equal value in exchaThJe, and indth donalKJns of money, goc#J$ and services freely givèn wthout giving equal value in exchange. Income re¢ognltlon Income. whethèr trorn exchange or non exchaffje transactions. is recognised in the stalement of finanaal actsvilies ISOFAI on a receivable basis, when a transacboTr or otherevent resurts in an inaSe in the Charity's assets or a redu¢tion in it5 liabile5 and only when the charity has kg81 entstlement, the inGome 1$ probable and can be meè5ured ieliably. DivKlends are accrued when the ShahOthS right to payment ks esta18. Income subject to temis and condition$ which must b8 met before the chanty is entitled to thg resour is not COgniSed until the conditions have teen rnet All incorne is acA>)unted for gross. trlore deduth"NJ any related tees or costs. Pollcles relating to expenditure on good$ and seThl¢es provlded to the Charity. Recognltlon of liabllities and expendlture A liabilrty, and the r818ied experKliture, 15 recognised when a 81 or constructive obligation e$ts a6 a result of a past event. and when rt 15 more likely than [t that a transler of economi¢ beneffts wll be required in settlement, and when the 8mount of the oblKJabon can measured or liablY 6stirnat8d.. Liabilitie$ arisin9 from future fundiThJ commitments and constructive obligations, including perforrnan¢e lated grants, where the timiro or the amtrjnt of the firture expenditu wuired to settle the oblyatiDn are uncertain. give rise to a provision in th8 accounts. which 1$ at the accounting year end. The provision Is increased lo reflect any increases in liabJ.lit$. and is decreased by the utilisth.on tsf any provision within the period, and reversed if any provision 1$ no b)rrtJer requi. These movements are ehargtd 9r uedited to the re$pedi lunds and actNitM to vthich the F¥ow$irm relates. Policies relatlng to assets, liabilities andprovislons and olhermattets. Tangible Ilxgd oss•ts Tangible fixed assets are measured at their ¢¥iginal cost ye. or subsequent revaluatson. or if donated, as described above. Cost value indudes all costs expei¥Jed in brila the asset Into rts intended w?rkir#J condition. Depreciation has been provided at the followirrfJ rates in #rt0 vnrte off the assets to thair antiripoted sidual value over their estimated useful llves. Freehold premises Leasehold premises Plant and machirry Motor vehicles O % strayht line 2 % straoht line 20 % stra4hl line 25 % stratrJh¢ line 21
NEW CREATION CHURCH LIVERPOOL Notes to the A¢¢ounts for th¢ year ended 31 May 2024 A regular annual miew of Ihe likelih¢xJ of asset impaimnt ts undertaken. Credltorl and provl8lon• Creditors falling due within one year arè 0th8r creditors. Fund Accountlng Unrestricted funds are availabK8 use ot the discretion of the trustees in fvrtheran¢e of Ihe gera1 objectives of the charrty. There a no endry•Knent lunds. 2 Llability to taxation The Trustees consider thal the chaiity Satis the tests sel oul in Paragraph 1 Sche£Jule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly. the Charity is potentially exempt Irorn tsxalion in spect of Income or capital gains r[¥¥j wilhin categories Cove by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gain5 Act 1992. to the extent that such income or gains are applied exclusively on the spwfic tharItab obpcts of the charity and for no other purpose. Value Added Tax is not recov8rabk by thè chanty. and is therefore induded in relevant costs in the Statement of Financial ACtlties. 3 Wlndlng up or dlssolution of the charlty If upon winding up or di8solutioTr of the charty there remain any assets, after the satisfaction ol all debts and liabilities. the assets represented by accumulated tund shall te translerred to sune othei charitable body or bodies hawng sirnilar objects to t1 charrty. 4 Slgnlficance of financlal In$trurnents to th• charlty's positlon
NEW CREATION CHURCH LIVERPOOL Notes to the A¢¢ounts for the year ended 31 May 2024 Th•r• ar# no 819nlfirAnt Implleatlons of such mattern. No employees received emojuments lexdudiAg perlOn costs) excess of£60,(MIO annum. 5 Deflned contrfbution penslon schemes The charity do not orerates a 118fined benefft pension scheme as ther• no employee. Any Iiabilrt88 and assets assocAabJ vAth thè scheme are sh(Nvn undert1ebtors and credrtors. 6 Remuneratlon and payments to Trustees and persons connected wlth them No trustee$ or persons conJ)èct•d thwn receNed any remuneralion charsty. or any related entity. 7 Tanglblo flxed assets Current Y•ar Land and Bulldlngs Plant & Mychinery Motor Vehlcles Co$t Additions At 31 May 2024 6.900 Oepreclatlon At 31 May 2024 Nel book valu• At 31 May 2024 Prfor Year Land and Bulldlngs Plant & 1ChInary Motor Vehlcles 8 Credttors: amounts falllng due wlthln one year 2024 Trade creditors 4(J) 23
NEW CREATION CHURCH LIVERPOOL Notes to the Accounts for the year ended 31 May 2024 9 Income and Expendlture account summary 2024 At 1 Jun• 2023 Surplus after tax forthe yeai 6.660 At 31 May 2024 10 Partlcular5 of how particular funds are reprtsented by assets and Ilabllltlos At 31 May 2024 Llnr•strlct•d D•slgnathd R88ts1cthd fund Tangible Fed A25ets Current Assets Current Liabilities 1,160 14001 At 1 June 2023 UnrtstrF¢tsd OMlgn•tsd fvnd8 R8irl¢tsd funds 11 Change In total funds over the year as shown In Nots 10 . anatysgd by Indlvldual funds Fundg brought Mov•m•nl In Trnntsfo fon¥ard frthn fttnds In 2024 bp lund8 Ih 2024 S•0 Nots 12 Soo Note O Unrestrlctodaftddeslgnat•d funds... Unrestricted Revenue Funds Total unrestrlcted and deslgnated funds 6,660 Total ¢harlty funds 8.660 12 Analys1$ of movgments In funds over the year as shown in Note 11 Olher Incan* G•ln8 & Losses 24
NEW CREATION CHURCH LIVERPOOL Notes to the Accounts for the year endod 31 May 2024 2024 2024 2024 Unre$trfcte(l and deslgnated funds... Unrestricted Revenue Fun¢Js 21.5C 114.8401 21.500 14.840 13 The purposes for whl¢h the funds 8J Unrestrfcted?nd d•slgnat8dfunds.'. Restrtctsd funds... 14 UIUmate controlllng party The charity is under the control of its legal mr$. 25
NEW CREATION CHURCH LIVERPOOL Dgtailed analysls of Income and expenditure for the year ended 31 May 2024 as raqulred by thtr SORP 2015 This analysis is classslfied by conventional nominal descrfpti¢>ns and not by activity. 15 Donations, Grants and Legacl Curr4nty••r Cutrentygor Currentyèar Unrestrfdéd RoStrl¢tod Total Funts Funds Funds 2024 2024 2024 Donatlons and gwts Irom Indlvlduals Small donations indmdualty less Ihan £1(M)O 21.SC 21,500 Total donations and glfts from Indlvldual$ 21,$1)0 21,SOO Total Donatlons, Grants and Legacies Total Donations, Grants and Legacies A1 21.$00 21,500 16 Expondlture on charltabl• 4ctivitios - Dlr•ct Spending urr•nt yoar Cuwrontyr yoar Un[trICtsd RgStri¢ted Total Funds Fun Funds Current Year X*24 2024 2024 puhaSe5 Church convention Youth events 6,600 1,2C 1.200 Total dlrect spgndlng B2a 8,800 8,800 17 Support costs for charitablg artlvities Curnènt yg4r ¢umnty•ar Cutstrnt year Unmstrictqd R•stritted Toial Fundg Funds Funds Current Year 2024 2024 2024 Promises Expens 26
NEW CREATION CHURCH LIVERPOOL Ootailed analysls of Incomo and expgndlturn for tho ygar end•d 31 May 2024 a8 requlrgd by the SORP 2015 Rent Profe$$ional fees paid to advlsors other than the audltor or examlner Accountancy fees other than examination or aud¢t fees 400 Support costs before reallocation Total support costs - Current Year 6.040 The bo$is of allocation of costs athioes is desoibed under accounting polic l the expend¢ture in the prior yearwas unresth¢ted. The basis of allocation of costs be aGbvibes is debe under aCUnting polirAes 18 Total Charltable expenditure Current yr Curr•nt ar Currnntyear Unr95trictod Rèstrlctod Total Funds Funds Funds 2024 2024 Current Yr 2024 Total direct spending Total support Gosts B2a B2d 8,800 6.040 Total eharltablg gwndlture B2 14,840 14.840 27
NEW CREATION CHURCH LIVERPOOL ActlvEty analysls of Income and 6xpendlture for the for the year •nded 31 May 2024 This analysis is clas$$ by a¢tivityandnot byconventlonal nomlnal desciiptlons. 19 Analyslg of Income by activlty SOFA r•f 2024 Actlvlty Summary of Total Income. Including the items al)ove Donations & Le98 A1 21.5 Cat8gon'•s oflncome Income from exchange tran5ac¢ions 21,500 20 Analysis of charftable oxp&ndltUTe by activty Actlvlty Summary of Charitable costs by actl¥lty Dlrfjct Support Grnnt funding of activiti8S 2024 Total 2024 2024 2024 A1. Expendlture on charltsble activities directly attrlbutable to actlvltles B3. Premlses Expenses BS. Professional Fees 8.800 Total chèrltable expenditure 14,840 The basis of allocats.on of (x)sts be(Ben actiwlies 15 described urb*r x4>)untin9 policies Thè breakdown of this expenditure by type of $pending lie norninal classificalionl is detailed in not8 18 28