NEWMARKET COMMUNITY CHURCH Financial Statements- Year ended 31 March 2025 NEWMARKET ¢oMauhiTY cHu#c
Newmarket Community Church Annual Account and Report Forthe year ended 31 March 2025 Legal and administrative infomiation Trustees MrDRSlaff Mrs L Grimsler Mr J Mooro Mr P B?Lzar Dr U Okorji-obike Registered Charity Number 289579 Correspondence address Unit 11 Studlands Park Avenue Newmarket Suffolk CB8 7AU Independent Examiner Caroline Poulton NKT Accounlanls 11 Kings Court Willie Snaith Road Newmarket Suffolk CB8 7SG Bankers Lloyds Bank 48 High Street Newmarket Suffolk CB8 8LF Solicitors Bendall and Sons Solicitors 23 High Street Newmarket Suffolk CB8 8LY Church and Office Unil 11 studlands Park Avenue Newmarket Suffolk CB8 7AU Contents Annual Rewrt Examiners, Report statement of Financial Activities Balance Sheet Notes to the Financial Statements
Newmarket Community Church Annual Account and Report For the year ended 31 March 2025 The Trustees of Newmarket Community Church {NCCI presenl their Report and Accounts for the year ended 31 March 2025. Organlsation and Statu8 The Trustees during the peri were.. Mr5 L Grimster Mr J Moore MrDRStaff Mr P Belzar Dr U Okorii-obike Structure, Governance and Management The Charity was established by a Trust Deed on 10 May 1984 and is registered with the Charity Commission No. 289579. This Deed wa$ updated by a Deed of Variation on the 8 December 1993 to change the name of the charity to NCC (from Newmarket Christian Lrfe Fellowship). The Deed was substantially amended again on the 12 April 2009 and this change was 2pproved by the Charity Commission on 18 May 2009. The Trust Deed now sets out the arrangements for appointing both Leaders and Trustees of NCC. NCC operates from the church centre and office at Unil 11 Sludlands Park Avenue, Newmarket, Suffolk, CB8 7AU. NCC employs a part-time office administrator and a part-lime finance administrator for day to day bookkeeping (who also volunteers as Ihe Twsurerl. Budget monrtoring reports ale presented al each meeting of the Trustees, and the Treasurer pPareS the Annual Accounts. During the year Mr D Staff has Continued in the role of Chair. Mrs L Grimster has continued in th• Trèasuref s role since December 2020. Objecllves and Activities The original Objects of NCC (formerly Newmarket Christian Lrfe Fellowship} remain unchanged and are the advancement of the Christian faith and the relief of poverty- The Chur¢h is currenlty Partnered with the Ground Level Netsvork. Churches Together in Newmarket and Distn'ct and is a member of the Evangelical Allian. NCC opens its meeting5 and makes its facilities available to all sectors of the community. The building is in regular use by several community group5 le.g. Alcoholics Anonymousl and other Christian organisations. From time-to-tr'me NCC also host area meetings for organisations such as Ground Level Ministries I Studlands Park Residents Association and Newmarket and District Youth for Christ. NCC continues to have excellent relats"onships with local community neighbours on Studlands Park working with the Studlands Park Residènts Association. The Church gave away 12.03% {10.4% in 20231241 of its general offerings income (including Gift Aid recovered) to support missions in Vietnam and in the UK_ It also supports other local Christian groups and is widening connectfions with various Community support groups, meeting several bmes a year.
Newmarket Community Church Annual Account and Report For the year ended 31 March 2025 Achievements and Performance Many new initiatives have continued to develop. The Make Lunch project is now well established and has seen increasing numbers of families benefiting frorn the hot meals and fun activities provided during the school holidays, welcoming up to 9 families to benefit from this support. The Parent and Toddler group is also growing and welcomes all parer¢ls I carers with tr)ddlers each week. The Wellbeing Wednesday group is also well established and operates 1 Oam-12n¢)on each week mainly during school term time. There is sb'll an online link to some church meetings for those preferring lo join from home, sermons are uploaded and available via YouTube. Midweek groups and Church meetings are now a mix of in person and online via Zcom. Sunday service numbers have remained slabte. During the year NCC regulady ha5 new attendees and many have attended the NCC 'Finding your Place, course. Regular giving was slightly higher than last year and better than budgeted at the start of the y8ar. The trustees monitor the budget closely throughout the year, making adjustments a$ ne¢es5ary and keeping good control on expenses. The leaders and trustees conts'nue to work closely with Clare as Pastor. Clare has a ¢leaT vision for the church and working with the local community. Financial Rovlow The Tnjslees approved a budget for 2024125 of £2,400 deficit. The final position wa5 a surplus of £11,629 This was achieved as a result of higher than expectsd giving and a tight control of spending along with extra staff member cost in budget, new staff member being paid less hours than inib.al budget. We had some maintenance expenses this year., new external signage, alarm upgrade, while lining carpark and boiler maintenance all within our budget forecast for the year. Our Make Lunch income was lower than the expenses during the year, due to increase in costs and more families needing support. This balance {£2,6241 is held within the restricted Make Lunch fund to be used for Make Lunch expenses as needed. Most regular giving is receNed by Stsnding order and around 76.5% of giving was Gift Aided. The Trustees closely monitor the budget at each meeting. The Lease was renewed in July 2022 (effective October 2022} and runs to September 2Q32 with an increased rent at £15,000 per year, next rent review due 2027. The landlord pays the annual buildings Insuran premium of £400 pa. If the lease was lerminaled NCC have received confirmation from our Landlofd that no compensation payment would be payable to cover the costs of putting the building bk to the ¢ondilion il was in at the b'me the original leased was signed. Rosgrves NCC has a policy of retaining months running costs1£15.0001 as a minimum in unrestricted reserve. NCC has total unrestricted reserve of just over £95,749 and £3,900 held in reslriclèd reserves Isee the Balance Sheell
Newmarket Community Church Annual Account and Report For the year ended 31 March 2025 Related Party Tran$a¢tions Donations from related parties (Trusleesl during the year We £6,909 and were applied lo the General lunrestricledl fund. Mrs Linda Grimsteras Church Fir)ance Adminislralor and a Trustee was paid £3.900 in total for 2024-25 Safeguardlng The church has 8 detailed safeguarding poIY and considers that it has mel the requirements of the Charity Commission Guidance on Safeguarding and Protection people. Futuro Plans All services and church evenls are in-person. and some continue being streamed with several meeb'ngs remaining on Zoom. Working closely with other local community groups leaders. NCC are looking at how the Church can further support families in the local area. Our annual Party on the Green is our focus for June 2025 and will be free of charge to local residents. We are pleased lo have welcomed our new Children and Families worker who has enthusiastically grown our already established children's ministy, during this financial year she has been working 10 hours a week. statem•nt of Trusteas. R08ponsibilitie5 Law applicable to charikn'es in England & Wale5 requires the Board of Trustees lo prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at th8 end of the financial year. In preparing those financial statements which give a bije and frair vthv, the Board of Trustees follows best practice and: Selects suitable accounting policies and then applies them consistently.. Makes judgments and estimates that a reasonable and prudentr, States whether applicable accounting standards and statements of recommended practice have been followed, subject lo any departures disclosed and explained in the financial ststements. Prepares the financi81 statements on the going concem basis unless it 1$ inappropriate to presume that the charity will continue lo operate. The Trustees are responsible for keeping proper accounting records which disclose wth reasonable accuracy the financial p)silion of the charity and which enable them to prepare financial statements which comply with the requirements of applicable law and regulations. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the preventson and detection of fraud and other irregularities. The Trustees are also responsible for the contents of the Trustees. report, and the responsibility of the Independent Examiner in laon to the Trustees. report is limited lo examining the report and ensuring that, on the face of the port. there are no inconsistencies with the figures disclosed in the ffinancial statements. SKJned on behalf of the Trustees, Linda Grim$ter- Treasurer
Newmarket Community Church Annual Account and Report Forthe year ended 31 March 2025 Indepondent Examinerfs Report to the Trustees of Newmarket Community Church for tho year ended 31 March 2025 I report on the account5 of the church for the year ended 31 March 2025 whlch aye set out on page 6tol3. Respective Responsibilities of Trustee5 and Examiner The church's trustees are responsible for the preparation of the accounts. The Church's trustees consider that an audit is not required for thls year under section 144121 of the Charities Art 2011 Ithe 2011 Act) and that an independent examination is needed. It is our responsibility to Examine the accounts (under section 145 of the 2011 Actl- follow the procedures laid down in the General Directions given by the Charity Commis5ioner5 section 14515)Ibl of the 2011 Act, and State whether matters have come to our attention. Basls of Indopondont Examlners Statament Our examination was carried out in ac¢ordan¢e with the General Directions given by the Charity Commission. An examination includes a review of accounting records kept by the charity and comparison of the accounts Presented with those re¢ords. It also includes consideration of any unusal items or disclosures in the accounts, and seeking explanations from the management committee cOnming such matters. The pr¢)*duffs undertaken do not provide all the evidence that would be required in a full audiL and consquenlly we do not express and audit opinion on the accounts. Independent Examiners Statement In connection with our examination, no matters have come to our attention. which give us reasonable cause lo believe that in any material respect the requirements to keep accounting records in a¢¢ordanGe with $.130 of the 2011 Act., or to prepare accounts which accord with the accounting records and comply with the accounting requ1ments of the 2011 Act have not been met ". or 2. to whi¢h. in our opinKJn, attention $houSd be drawn in order to enable a proper understandin9 ofthe {Print Namel Caroline Poulton NKT Accounlanls Chartered and Certified Accountants 11 ngS Court Wllie Snaith Road Newmarket Suffolk CB8 7SG
Newmarket Community Church Annual Account and Report For the year ended 31 March 2025 Slatsment of Financial Activities for the year ended 31 March 2026 Unr•strictod Rtgtiictsd nds funds Totsl Prlor year nds to121 fund• Nots8 Incfming rnsources from generated Voluntary incomè InStment income In¢c¥niry resources Irorn charitable actNilies Other inccfning re50urce5 Totsl incoming ¥y1¢e 89,805.68 8,987.s) 1.635 65 2,488.50 1,399.80 CWJ 93.929.13 10.387.30 98,593.18 94,137.11 1.635.65 734.25 3.888.30 4,042.00 200.(M] 104.317.13 98.913.36 Charita0 actltieS Gont$ Payab Sunday SeThiee$ 4nd OthgrActs'%ities Support Costs Go¥ernance cosls Totsl rewwrt•$ u•d 9,854.00 8.850 ¢Y) 42,313.57 3,W.97 27,690.45 1,110. 80.96&28 11.719.47 18,504.t)J 16,248.25 45,378.54 42,358.41 27,694.95 35,550.18 1,110.26 1,008.33 91687.75 96.163.17 N•t in¢omlng l outyoing before tranr 12,961.55 1.332.17 11.829.38 3,750.19 Trnn Gros¥ transfers belfftn lund5 - in Gr055 trartsfets beleen lund5- Csut t Fn¢ominu l outyoing before oth•r gaivsl 10os 1Z961.$5 - 1.332.17 11,629.38 3.750.19 Gains I losses on inslment ass8t8 Gains OTh re*luation. fixed assets, charitys own use Not movement In funds 1.476.$5 12.961.55 1.332.17 11,629.38 S,226.84 R8con¢lllatlon of fvnd5 Totsl funds brought forward Totsi fund9 carri&d fopxard 82,787.68 5,232.63 95,749.23 3,900.46 88,020.31 82,793.47 99,649.69 88,020.31
Newmarket Community Church Annual Account and Report Forthe year ended 31 March 2025 Balance sheet as at 31 March 2025 at 31 March 2025 at 31 March 2024 Notes Fixèd ¥wel¥ Tangitle as¥els 8,080.49 4,013.66 Current asEgts Debtors Cash al b8nk and In h8nd 10 1.237 25 91,190.23 92,427.48 1.362.63 83,378.12 84,740.75 Uabllltles cdItorS.. AmntS fallSng due In one y88r N9t ¢urr•nt as*ts le8B CUTrgiit IlabllltleB 11 858,28 734.10 91,569.20 84.006.65 Totsl as8ets 12 99,S49.69 88.020.31 Reprng•ntèd by Unrestrtcted- Generdl fund Restricted FlIS Funds of the chureh 13 13 95.749.23 3,0.48 99,849.69 82,787.68 5,232.63 88,020.31
Newmarket Community Church Annual Account and Report For the year ended 31 March 2025 Notes to th• accounts for the yoar onded 31 March 2026 1. Accountlng pollcles Accounts Proparatlon The financial statements have bèen prepared in accordan with all applicab accounting Standards, as modified by the 2005 Revision of the Statement of Recomrnended Practice for Accounting and Reporting issued by the Charity Commissioner5 for England and Wales. effective April 2005. The accounts have been drawn up in accordance with the provisions of the Charities Act. The charity has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement. The particular accounting policies adopted are set out below. The financial statements are prepared on a going concern basis, under the historic21 cost convention. Incomlng Resourc•s Income from donationg and gifts ts recognised when received. Income Tax Recoverable on Gift Aid donations is reeognised when the income to which il relates is recognised. All other income is accounted for on a receivable basis. Investment Income Bank Interest Is included in the accounts on the basis of when it is receNed. Ch•ritable Expendfturo The expenses of the Charity are accounted for on an accruals basis, and provision 15 made in the financial statements for all known liabilits.es existing al the balan Sheet date. Grants and donations are accounted forwhen paid over. orwhen awarded, ifthat creates a birKling obligation ¢Jn the Trustees. FlxedAssets and Depreciatlon Tangible fixed assets are stated at cost less depreciation. Depr8ciation is provided on building improvements and equipment held by the charity al th8 following rates based on the estimated useful life of the fixed a55ets'.- Computer equipment PA and Other equipment Leasehold premises 3 years (straight line basis) 5 years Istraight line basis) 5 years {slraight line bas) A part year's depreciation is charged in the year of purchase and none in the year of disposal. The Trustees policy is not lo capilalise any equipment purchase costing less than £200. Taxation No provision has been made in the a¢count5 for taxation as no income has been received or gains made other than those exempted from tax for charities under section 505 of the Taxes Act 1988.
Newmarket Community Church Annual Account and Report For the year ended 31 March 2025 Funds Different categories of fvnd have been recognis&J in these accounts. Unrestricted fvnds are those that are available for expenditure at the discretion of the Trustees for any of the objects of the Charty. Reslricled funds are those where the donor has placed specific restrictions on the use of the funds donated. ReseN The Twstees regularly review the level of reserves to ensure that sufficient fvnds a held to meet its regular and contractual commitments and those arising from other obligations. Having gard to the above. their policy is to maintsin free reserves of £15.000, being approximately 2 months oulgoings. Z Incomlng R0ur¢9$lroM G•n•ratod Funds 202412S 202%24 Voluntsry incom8 Unrp4rl¢tgd Fd9 Tithes and Offeriros Ineome Tax rEcrj Olh8r FUNJS generated 75,357. 13,588.38 71..14 13.353.53 9)2.00 89,&)5.e8 .&81.67 Rtstrictsd Funds Trthos and Offerirgs or GIng Part[$ In MissSon Grfts Msk8 Lunch Donation$ Incorr Tay mcowred on Partr$ in Mission Gifts Income Tax recthered en other Restrict8d Gifts 350.00 6,240.00 500.00 1,560.00 237.50 S,92S.( 1.207.94 1.481.25 161.25 8.987.50 8.T15.44 Total 98.593.18 94,137.11 Incoming tUr£¢$frOM charltable Aclivities 20W2S Unrn*icted Funds Halvroorn LeltirvJs Oiher inccfne 2,488.9) 2,450. 100.00 2.e88 50 2,0.(} Rearictsd Funds Plakè Lune 1,399. 1.492.00 1.399.80 1,492.00 4,.30 4,042.00
Newmarket Community Church Annual Account and Report For the year ended 31 March 2025 4. ¢harltsbl8 Activltles 20W25 2023124 GrantsPayable UnrothLtgd Funds Mission Ptrr5 Plumbline GtDund L1 Youth ts Christ MiBsicfi Supwrt er81 3.SJO.00 1,CQO.00 1.575.LK) 1,6.1)} 2,271. 3,OtyJ.( 2,4CIJ.CIJ 1,0W. 2,040.(M) 9.854.lJ) 8,440.00 R8icknd Fd5 P•rtn8n8 in Mission Hardship 7.800.00 850.00 7,4C6.25 8.&50.CQ 7,806.25 TrAal 14504.Q) 16,248.25 & Surnloy S•r¥lc•sand Olh8r Arl¥ltfje8 2024125 2023124 UnmlvKtqd ptrf¢t2d Totsl Sunday 8•NI$ a1 Other AeiivI0S Pastoffs Salary. Employers Nl and Pension - see Note I Trald and Cenfwence fees Visiting Speaker Gifts Rent of Urit 11 aTrJ other Hirè chaoes Premises - water, luht and heat. rates. Teachinglcraft materias Refr85hmenlslCateriry Make Lunch Totsl 19.928.76 1.517.IK) 19,928.76 18,970.80 1.517. 605.00 3CO.00 15.000.¢X 15.OLY).00 4,123.55 4,387.48 295.65 e4.13 1.048.61 288.68 3.W 97 3.(N.97 2,782.32 42,313.57 3,084.97 45,378.54 42.358.41 15.(M)O. 4,123.SS 295.65 1.048.61 6. Charftable Aetiviti•s 202412S 202Y24 UhMstrtet4d Rgstrkt•d Tolal Sw)port Cosls Adrninistrators Salary- s Note 8 TrainityJ Course F80S Insurance Buihjing Maintenance Furniture and EouiK¥n8nt TeleFth0 i1 BroadbaNJ c05t5 Costs Pholo¢opier Costs Cleaning Materials Pe8tap and Stationary Publicrty and Outreach Costs Subs¢riptiorns Lieences other RunnirvJ Exw5e8 Bank Char99$ Payroll Seice5 Depreciatlon- EquiFmènt DEpreclation- $¢hOky Prwrty rpreciation- CornpLrt8r Toial 13.Cfj2.19 123.19 1,118.93 3.T24.57 230.94 498.50 791.88 827.42 374.28 94.21 2,SJ9 09 614.22 1,CX)8.87 224.20 13.Ce2.19 8,9. 123.19 60.00 1,118.93 970.08 3.724.57 17.236.50 295.44 1,193.60 498.50 460.76 791.88 771.24 827.42 768.LK) 374.28 2e6.27 94.21 80.r 2,839.09 1.483.17 614. 610.51 1,008.87 977.63 224.20 214.35 136.80 1,1.18 136.80 1,931.16 111.80 1,207 74 549.67 4.50 27,694.95 35.550.18 27,690.45 io
Newmarket Community Church Annual Account and Report Forthe year ended 31 March 2025 7. Gov•rnance Co¥ 2Q2W24 Ihro¥trl¢t•d Ro8trkt•d 694.C 45.LKJ Total 694.00 45.00 IndeFEfKknl ExamineL8 Fe8 Legal Fees Pensions Auto Enrollmenl Child Protection DBS che¢k8 530.00 371.26 1,110.26 371.26 1,110. 478. 1,008.33 Slaff Cothand Emolum•nts 20W25 202W24 Salari85 Employets N8tJonel Ir6urance COntntions Ernployets P8r@icn Contribution$ 32,592.19 27,159.(1 398.76 32,.95 370.80 27,529.80 Trwe wore S ol $Wf duringth•yr on a t•Jiy. M)¥wbye¢ earNj rrrfethan£50.WO n the rurrenlcr yew. 1 TiuJteew85 r&nwerAted hi thecwrerl provu5 yw. 0 Ua GrMBtwas CurGh FknanEeAdrrini4trator Ènd &Ttusta8wgs e3,90U tolal for Z02Z5 Trusts• knd•mity knBurart6in th8 ye81 was theoernralSabw nraethB tathl onnud lNur4wa$£l.ll9 9. Flxed Asoets Computer PA & Other Loas•hold Equlpment Equlpmènt Promi¥ P&L Total disposal Cost Balan¢¢ brought fowrd Additions Disposals Balance ¢arried foTwa¥d 2,728.80 26,861.30 6,027.99 tt.00 2,728.80 32,689.29 8,141.C¢) 37,531.10 0.00 6,027.99 0.00 0.00 8,141.00 43.559.09 Dgpr•¢iafjon Balance brought bJw8 Charge for the year Disposals Balance ¢orriwJ forwanj 2,728.80 22.647.$4 1.961.16 DOO 24,808 81 8.141.00 33,517.44 0.00 1,1.16 0.00 8,141.00 2,728.80 35,478.61 Nèt book value 31 March 2025 0.00 8.080.48 0.00 8,080.48 Net book v8luo 1 Aprll 2024 Theie Y be thor dlscr8panc*s tha pence are bpng shown. 0.00 4,013.66 0.00 4.013.e6 li
Newmarket Community Church Annual Account and Report For the year ended 31 March 2025 10. D•btors 2023124 Gift Aid 1,237.25 1,282.63 1,237.25 I,.63 11. Cr•dltor8 2024125 202W24 Agarty Collectior otr 858.28 734.10 11 Angtysofawtsand Ilabllllle$ r•pr•nling èach of the Charlty$funds Unrorfcted Rearfcted Total Asat 31 March 2025 FIX Assets Current Assets Current a"11t Total Not Assets Liatslith 8,CeO.49 8,080.49 88,390.77 4,6.71 92.427.48 1722.031 1136.251 1858.281 95,749 23 3.WO.46 99,649.69 As at 1 April 2024 Fixed Assets Current Assèts Current Liabilit TotAI NEt Assets te88 Liats"lities 4.013.66 4,013.66 79,390.62 5,350.13 84.740.75 1616.601 1117.S)1 1734.10) 82.787.68 5,TS2.63 88,020.31 13. Movomont in Fund• Balance at Ineomlng Outgolng Tranrs Balance at 01-Apr-24 Rewurces R¢*)ur¢es 31-Mar-25 R•strl¢t•d Fund&- Slalutory Fund Communlly Fund Childrens. Work FuThJ Hai(Iship Furhj Make Lunch Partners in Mlsslon Fund 10.C() 248. 675.70 753.75 3,544.28 10.CQ 248. 675.70 341.25 2,624.61 437.50 2,149.80 7,800.C(I 5,232.63 10,387.30 850.CK) 3.CE9 47 7,800.00 11,719.47 3,.48 General Fund 82.787.68 93,929.83 80,968 28 95,749.Z3 Tolal 88,020.31 104,317.13 ¥2,e87.75 99,649. 12
Newmarket Community Church Annual Account and Report For the year ended 31 March 2025 14. Prior Period Comparative SOFA Statement of Financial A¢livifj¢$ for tho y&ai ondfrd 31 MarGh 2024 Unrnstricted Reqtrlcted lunds fund• lotsl Prlor y•ar fund tfjtsl fundg Noftts In¢omlng kn¢omiNJ r•sourc89 from g•n8ratad fiJnd5 Volvnlary Incune Instment Iome hcoming resources fr(¥n Charitab actilities Oth2r incomiry resources Total ineorning reg)urce8 85,361.87 8.775.44 734.25 2,550.00 94.137 11 734.25 4,042.0) 80.720.99 121.27 5,198.50 1.492.00 8B.645.92 10,267.44 98,913.36 86,040.70 Charitable acti¥itles Grants P8yable Sunday Ser%ices and OtherA¢tiKit Support Costs GOTThan ¢osts Totsl rewurco$ u*d 8,440.00 7,806.25 39,5.09 2,762.32 35,240.41 309.77 1.008.33 84,284.83 10.87&34 16,246.25 1S.890.00 42.358.41 39.562.24 35.550.18 19,285.92 1.008.33 2.242.30 95.16117 76,980A8 Net IomIng 1 outyoin9 b•for• tranthr 4361.09 610.90 3.750.19 9,060.30 Gross tran8fBts tween fiJTras- in Gf0s5 transfe belween fiJJ8- out Not incomlng l outgglng before other galn$l lo9 4361.09 610.90 3,79].19 9,060.30 OUCJnl8odg8IsI1Os9eu Gal I105$0$ on inKestment assets G8irts on reIatrOn, fixed assets. charftY own us• Nèt mov•mwnt in fvnd8 1,476.65 1,476.65 5.837.74 810.90 S228.84 9,060.30 Rewi¢lllaWon of fun Total funds broughtforwaryl Total fvnds carrled forward 76.949.94 &843.53 82.787.68 S.232.63 81793.47 73.733.17 020.31 82,793.47 13