NEWMARKET COMMUNITY CHURCH Financial Statements- Year ended 31 March 2024 NEWMARKET COIIIIUIIIT¥ CIIURC Newmarket Communty Church Annual Account and Report For the year ended 31 March 2024 Lègal and admlnlstrative Infomiatlon Trustees MrDRStsff Mrs L Grwnstsr Mr J Moor8 Mr P Betzar Dr U okn5￿0blke Reglstored Charity Number 289579 CoTre8pondence addr8S8 Unrt11 Sludk8nd$ Park Aven Nevmwrkot Suffolk C88 7AU Indopendent Examiner Data Devoh)pmeni8 FITSI Flth)r Tho Chubb 8u4dln95 Fryer Street W0￿9rhamPton West Midlands V•V11HT Bankers Lknyds 8ank 48 Hlgh Street Newm8rkal Suffolk CB8 8LF Sollcl Bgndall and Sons Solctto 23 High Strget Newmarket Suffolk C68 8LY Church and oir Unil 11 Sludlands pa￿ Av￿u0 Newmarket Suffolk C88 7AU Cont•nts knnual Rewt Examinbrs. Report Stslement of Financial Acl1wl￿ B8IAnce Sheet Notes to the Financial Statements Newmarket Communty Church Annual Account and Report Forthe year ended 31 March 2024 Th8 Trustees of Newma￿et ComM￿ty C￿r¢h (NCC} piesenl Rewt ar#1 Accourts for the year ended 31 Mwch 2024. Ory•nls•tlon •nd Ststu¥ The Trustees durkn9 the porbd were: Mrs L Grlmstsr MrJ lknre MrDRStaff Mr P 8ekar Dr U ok0￿1￿)11k8 Strudur•. Gov•rn•nc• •nd l11￿•nt The Charlty was èstabllshed by a Trust Dmd on 10 May 1984 and Is re￿18￿￿ wlth thg Charlty Commlsslon No. 289579. Th18 D88d was Ulmlaied by a Deed of VarlatM on the 8 December 1993 to ange tho namo of Ihg th4rlty to NCC lfrom N•wm*kat Cth8ti8n Lifo Felkiwshlp}. The Doed was $ubsL3nlièlty amend6d win on thè 12 Awil 2009 and change was aprmed by the Charlty Commlsslon on 18 May 2(rf)9. The Tntyt D8ed ￿ sots Ixrt the #rronpmonts for appolntlng both Loodors and Tru$ta8s of NCC. NCC oporatas frc*n thè th￿Ch c•ntr6 and off￿8 at Unk 11 Sludl8nd8 Park Av8nu8. Nawmark8t. Sulfolk. CB8 7AU. NCC emph)y8 a part-time office admlnlstrator and a port4kn8 finan￿ 8dmlnSstrattx for day ts> day bod( keeplng (who a180 vdunt•ers as Iho Tr•asurerl. Budget monitoring reports are wosontod •1 •o¢h meet￿￿ of the Trustee8 and the Trea8urer weparos Ihe knnual Puourts. Durkng the year Mr D Staff ha8 continuod In tho rnle of Ch*. Mrs L Grfmster has contlnugd In tho Trnasurerfs rol6 slnch D￿rnt￿r 2020. ObJ•etlv•# Ind A¢tlvltl•# The wlglnal Obhects ol NCC 11￿mettY Newmarket Chrlsoan Life Fell¢A¥ship} remain uncharyed and are the athar)cement of Ihe Chrl8tlan fallh and the Tel￿1 of wverty. The Church ￿ Gurronlty part of the Plumbllne Ministries Ilgnlte net*￿￿ of churches. ChJrc*w Togoihw kn Nth¥mwk818nd Di$trfcl and Is a mèmbor of th6 Evangelul AliarÉè. L(￿llyd ah6ad to August 2024. a8 PlumbHne Mknkntrlos ￿11 bg losing. NCC aro moving low¥dspwuTrJ the Ground Level nelwork. NCC opens tts mo•tlngs and makes Its facllllles avallabb to all sectoTr of th• communty. Th• building is in reguLqr use by Several communty groups (e.g. Akxjhollcs *J￿nyMuSI other Chri¥tSan organlsation5. FriNn tIme•t￿tI￿ NCC a150 h05t arva meètings for organisations such as Plumblln8 Ministnes I Ignrte I Communty Grwp Leaders and Newmarket al￿ Dtstricl Youth for Christ. NCC Continu￿ to havg ex¢ellgnt relaticmships wilh bcal ￿rnI￿nty n8IghtK￿rS on st￿j18nds Park w￿kkng wilh the studIa￿j8 Park R08klents A880c￿. The Church gave away 10.4%112.4% in 2￿22123) of its offeriigs Income {*KknJlng Glft Akl recoveredl to SUFWt missions in )fietnam and in the UK. It also supports other local Christian groups and Is vldenkng cor*￿tk)n$ *llh vartous Cc#nrnunlty suPw￿ groups, meetlng sevgral tirn￿ a yoar. Newmarket Communty Church Annual Account and Report Forthe year ended 31 March 2024 A¢hlov•m•nts and P•rfornianc• Many new inmiatives have tt)ntinued to devèk&P. Tha Make Lunth project is ntw well 98tsWi$hed and has $8en increasww numbef5 offamlies benefiliThJ fromthe hot meals aThJ fun activibes provided during the school holidays, welcoming up to 9 families to ben8fit from this SUP￿1. Tha Parent and TOdd￿r group 18 akn growlng and wekcThs all pwonts I carers wlth tc*JdleTS wook. Tho WellbgSng Wednesday group is also wel eStat￿IShed and 0￿rateS 10am-12noon each week mainty during school tgrm lime. There Is SOI an onlin8 Ilnk to churth Sorvlc8s clwrch mwtkngs for th050 prefethng to loln from home. Mithvoek groups and Church M￿l￿g$ arg n¢yw o mix of in pernon and orllne vl8 Zoom. Sunday 8eTrlce numbers have rema1n&18tab￿. Durfng the year NCC regularly has nèw 8ttendee8 and m8ny have attended the NCC 'FindirvJ your Place, coJrse. Regular ￿VIng wa5 511ghlly hh3her than last year and better than budgeted al th8 stsrt of thè year. The trusts8s monrtor th6 budget ch)60 througt*)ul the year, maklng adjustrnènts as necessary and k￿n9 gc*)d control on èxp6n865. Tho leadors and tru818e8 contlnuo to V•oth cw with Clarn a8 Pa#tor. Cbre has o dgor vlBI(Xb for thg ¢hurch and worf(Ing v*lth the local CoM￿nIty. Flnanclal Revhw The Tfuslees approved a Wel for 2023r24 of £17.057 d8flctt. Tr flnal posltbn was 8 surplus of £5.227 This was achieved as a r8sLFIt of hLqher than expoct8d giving Bnd a t￿h1 ¢￿trol of spgrbdlng 8lono with extr8 staff mombgr ￿$1 in LA￿9(. staff mombgr not yet gppointed. We had Some large rnainlgnance oxpgnses th1$ year.. our Indc4)r areo bglng fulty decorated, one ry)om and stslrs c8rpetefl, ond now energy saving IKdhtsng aThJ vanous electn.cèl woth completed, Ihls resulted In slightty h￿hor costs than in ow budw fcKecasl for the year. Our Make Lunch wicome was higher th8n expenses during the year, due lo gan6rous donatknn$ r8c6bv8d. Thls bèlanee {£3.5441 Is held withln the rastrided Maké Lunch lund to be used fry Make Lunch gxp8nses w wlod. M081 regular L8 recefved by standing order and al￿Tr￿ 75.6% of g￿ng wo8 Gfft Alded. Thg Truslges do￿lY mwltor the budgol at 08th n￿￿n9. The Lease wa8 renewed in Juty 2022 {effectNe October 20221 aThJ runs to S8ptsmhr 2032 wlth an Increased rent al £15,000 per year. next rent review due 2027. The landlord pays tho annual buildings In8uranc6 prèmlum of £400 pa. W the lease was levminated NCC have reGeivod confirmatlon trorn our Landlord that no compensalbn paynwl wouki be payat48 10 (x)v8r lh8 costs of putUr4J Ihe buMdSng back to Iha conditM)n il was in at the time the orwal18awl was 6ignBd. RM•rv•s NCC h85 a p)liGy of Tetsining Iwo monlhs rumlng costs1£15.0(Kl) as a minimum In unrestrlcted reserye. NCC has total unrestrhxed reserve ofjust oyw £82,787 and £5,233 hekl kn restricted reserves (see the Balance Sheet) Newmarket Communty Church Annual Account and Rewrt For the year ended 31 March 2024 Ralated Party Tra￿athIn5 Donations fr(wn related partles ffrusle8s) du￿ng the year £6.383 and woro appliad to Ihe Goneral {unrestrfcted) fund. Saleguar(iing The thur¢h h8s a delaiw safeguardir￿ poScy and conslders that it has mèt the requirements of the Chartty Commlsslon Guhl8nce on Safaguardlng arwj PrO￿ts"n9 po(We. Futurn Pl•n8 AJI 8ervkos ond churth èvents aro iw>8rson. and some b8lng streamed 8evwal megtlng$ remaining on Zcom. Working d05ely bwth olher loeal communty gfOUPS bèaders, NCC are looking at how the Church can further support f8mlles in tre Icvl ￿. Our annual Party on tho Graen is our fo¢u8 forJune 2024 and be free ofthargo to local residents. We aro aclN8ly seeking an &nthu$iasUc and Comm￿tel Chiklron and Famllk8 workor to c#y)rdinate and grow our 8stabl￿h8d chlldrèn'8 ministry worklng 1 &20 hour8 a wg9k. 8t•t•m•nt of Tw•t•ts' R••pon*lblllll•• Law appllcabl8 to choritios in England & wal￿ r8quire8 the Board of Tru8le8s lo preparo th8nc481 8ts1emonts for each fina￿181 year which give o tru? and fair TrA8w of tho charlty'8 finandal actlvths du￿ng the year and of its financ1￿ posltyon at th8 end of ts fflnandal y8ar. In preparfng tho88 ffinanciol 8tstements whlch glvo 8 true and falr vivw, the Board of T￿tee8 folky￿ best practice 4nd'. Selects sultsblo accounliryJ Pol￿8$ ar￿ thn appr￿5 Ihom conskltenty, Makes ludgrr*nts and eslimales ar8 reasonab￿ aThJ wudonL Stales whether applkable aGcountlng $taTrJards and statements of recommend•(I prnctke havo been loll¢)w*J, subioct to arby dep8rture$ discknsed and exploimd in the fl￿an￿OI statements. Prepares the fflnanGial ststemnts on thé gdr*J con￿rn bo818 unless tt Is knappropriale to esume Ih81 the choty wll contlnue 10 4weTate. The Tru8ts88 are r05por¢iblè for keoplng propor aCc￿￿n￿r￿j records whlch disc1￿ with rea8onablg aocuracy the financlal Positic￿ of Ihe Charity and which enable them lo prepare finanual stalamenls whkh cornp￿ with the requlrgments of applicable low and regulabons. Try arè algo responsible for safegu8rding tho assets of the ch8nty and hence for taking rgtsonable steps lor th6 prevention and detertion of fra￿j and other irregularili88. Trustees aro also TesponsitAe for tho contents of the Twstee$' report, and the reS￿nSIb11ty of thè IndePend￿t Examiner in rd8th￿ lo the Trustees. reFh)rt ts Ilmite(I to examining the report and wtsurlng that, on the face of the report, there are no inconsistencies with the figures dBch%8d in lh¢ financial statements. Signed on b8hall of the Trustees, Linda Grimstèr- Trea8ur9r Newmarket Community Church Annual Account and Report For the year ended 31 March 2024 Ind•p•nd•nl Examln•V* R•wt to th• TnNt••s of lh• Nowmth Communlty Chur¢h l rep￿ on the act￿nts d the church for tho ￿ ond8d 31 Marth 2024 *thich are 801 out on pages 6 to 13. Resp&tfvo Rosp)n81bllftl88 of Trt￿te88 and Examlner Thg church's trustees are T￿p￿s1)he for the preparat1(￿ of thg arxounts. Th8 thurch'8 tfUSte96 consider that an audit 1$ nL* req￿red thls year ￿der secikn 144 (21 of Ihg Chariugs Act 2011 (the 2011 Act) and th81 an indeper41enl examkwtknn is ￿￿eded. It IB rny re¥pon8ibilty to: Examlne the accoLwts lundar $¢eti￿145 ofthe 2011 Act); To foilow tho yocedurgs laid (lthvn In thg Genoral Dhclhm lh8 Chadty CO￿ls610n815 lurMl8r 80Ctkn 14S15} Ib} of th9 2011 Act): and To state any parl•%lar m8tt•rn hav• (ximé to my ottgntK)n. B•#l• on kn(hwnd•nt Ex•mln•rf• R•port My Oxamlnallon wa8 carrf•d out in a¢cordaThx T*lth Ihe g•Mral by th& Chgrfty Commission. An exan￿natIon i￿￿udg$ a reviw* of Ihe ac£x)unllng r•c¢nls kopl by th8 charty and a compw180n ol th6 èecounts pres¢nt•d with Itth• records. tt also Inthdes eon$ideralw)n of any unusual Itèms ry disdosures wi Ihe accounts and tsxpknal*)ns from lh8 tw$t•os ctsK•rnkKJ aty #wh mgttorn. The pr￿ed(￿£S undertaken ￿ not providg 811 of the evKlence that wouhj b8 roqulr8d In an authl and consèquonty no opink)n bs kivon as to *thether the accounts rrt•80nt • In lalr wevl and the report L811rnitod to tlTho maltW5 set oul kn statement bèk)w. 1rn1gpendonl examkn•rfs 8ts1omont In conn8ctk*n vAth my wmlnation. no matter ho8 come to my atten1k￿. 1. Whl¢h gfves me rea80nabl8 c4u88 to b8M8¥0 that malorial respect the roqulrements To acKoun*vJ re(x¥d8 In wlth 8oction130 ofth• 2011 Act.. and To prnparn 8cc4)unt8 whkh accord vAth •¢tsxmtkng r8cLYdJ and compty *4th th0 accounllry rowirements of 2011 Act have not boon mg1'. or 2. To t*thlch, In my op4nlon. attenkn sh￿Id have bwi drthvn In *xder to • F>TOP LffKlerslandkvJ of the acc￿nts to be fèached. Stephen Hen 23td Juty 2024 Dats 08vebpmon18 Flrst Floor, Th8 Chubb BuihJlrw. Fryor Styg9t. Wolvefhampton, W¢51 MfvJlaThJs Vl411 IHT Newmarket Community Church Annual Account and Report For the year ended 31 March 2024 Statomwrt ol FlnanGlal A¢llvlti•s for th• year endod 31 Mar¢h 2024 Totsl Pthi y••f coming ffe8OLWC•8 *omyn•rthd •Jrnl8 V0￿rtary incofflq IMstm8nl incL Ineorrire fromchath*• xtMU•• Other irtoming r•loU￿•• T￿1 In¢omln9 r•M>iwc 05,361.67 8.715.44 7342S 1550 M 1A*. 91.137.11 &1.720 99 12117 5.198.50 4.W.00 .645S2 10WA4 90913￿ e&040.76 ChariiilA• ictr*￿•1 Gram8 Pw4tA• Sund•y S¢Mc•• ind lJh•i SuFPrt Costs Gtr•*mirt• cog1$ Totsl •Md 8.440.00 7,80625 39.S96.09 2.762 32 35.240.41 309.77 1.008.33 162462S 16.080.00 42.358.41 39.562.24 3S.SSO.18 19285.Y2 1.008.33 2.242.Xl 95.16k17 76.9eoA6 iOm.34 J61m . 610.90 ¢>Di# tfW)•hr• bI￿On LK M•t InwmlwJ l *xffjolnq b•lw• th•r yln•l Io•M• 4J61.09 . 610.vj 17x1.19 9.060.30 GI￿$ I loss•• on Thwdtrrnrt M••t• Gains on rMhJ*ion. a68•t4. ug• 1.476.65 1,476.65 .74 90 T•thl broyghl lor¥M Tdttl l￿dI ewrf•d fon¥wd 76 793A7 13 73J.17 793A7 Newmarket Community Church Annual Account and Report For the year ended 31 March 2024 Bo1•1b￿ sh••t •• at 31 March 2024 0131 Uoreh 2024 •t 31 M•rth 2023 TangiNa *88•t8 D•btorn Cash * bmk •KI in h￿d io 1.362.63 83 378.12 84.740.7S 1.139.LlO 80,872.45 Uablllll•g Cfod*ot8: I￿1￿ dul in on• y••r 11 M•t