Charity registration number 297047
The New Life Church (Wimbledon) Trust
Accounts for the year ending
31 December 2021
6 Corfield Close Finchampstead Wokingham, Berks RG40 4PA
www.atsaccountants.com
Independent Examlnevs Report to theTrUSte of The New itfe Churth (Wlmbledon) Twust Charltable Unlncoryorated Or8anlsatlon 297047 I report on the accounts of The NLC (Wimbledon) Trust for the year ended 31 December 2021. which comprise5 the Ststement of Financial Activities. the Balance Sheet and the related note5. Responslbilliles and basls of reptyt The Chariws Trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111.the Act"). I report in respect of my examination of the Charitvs accounts carried out under Section 145 of the 2011 Act and in carrying out my examination, S have followed the applicable Dirertions given by the Charity Commission under Sertion 14515lb of the Act. Independent examlnerfs statem I have cornpleted my examinats"on. I confirm that no material matter ha5 come to my attention in connection wth the exarnination which gNes me cause to believe that in any material respect.. 111 the accounting records were not kept in accordance with section 130 of the Charities Act- and 12) the Accounts did not accord with the accounting records 13) the Accounts did not comply with the applicable requirements concerning the forni and content of accounts set out in the Charrtie5 IAccounts and Reports) Regulation 2¢J)8 other than any requiTement that the accounts give a "true and fair. view vthich not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connertion 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. Signed Name Magdalena Shotter on behalf of ATS Accounting and Tax Solution5 Ltd Fellow of the Institute of Chartered Accountsnts of England and Wales ATS Accounting and Tax Solutions Ltd 6 Corfield Close, Finchampstead, Wokingham. Berkshire, RG40 4PA Relewant professional qualification Address Date
P&IP4CIP4I I)D%tSx. IL. £lm Walk SW.XI 9£G RèpLwt the fi¥Kttr¥ the ytJr E'nde4131 Ixyember 2021 '".) ryfi'O.IIi'L. '.es St.14t',Ilt':: ltre ).' ACTIVITIE5 -?YlinuLd rylJ4t' Nr.iJl. Tegiilar di)nJticrs 40 J4. L r Js¥oed.-b3':'.11"5 OWECTS OF THE TRUST The L)bjèc". of Li'ange::- of tnt Ch.Ir,Th are ?1 mè.4ns as ale cb?ri13ble to prlirnoie the.)dNancem.ent il,. Lhtl>lian caJse> STRUCTURE OF THE TRUST Thi Trbsi is 8overned by ) Deed Trdst dattrt IÈ? November 19S6 3nd a suppiemerytal Deed ol Tru51 d)ILts Octoboi 2013. I r115toes aro appointett bi. the c*uich rneiTrbctr%hip Bankers: CAF Batsk 25 Kings Hill Avenue West Malting ME19 4JQ Dr J.E.Abrhms MA Hons Icantabl MB B Chir P.A.Flowers C.J.Howard LLB. Mst. Dip PFS M.A.Wibberlev gned on behalt of ihe Trustees M.A.WIBBETriLEY TRUSTEE P.FLOW£A5- TRUSTEE UliolzirLL
The New Life Church (Wimbledon) Trust
Statement of financial activities for the year ended 31 December 2021
Unrestricted general fund
| 2021 | 2020 | |||
|---|---|---|---|---|
| £ | £ | |||
| Restated | ||||
| Incoming resources | Notes | |||
| Income from: | ||||
| Other income | 2 | 475017 | 24137 | |
| Total income | 475017 | 24137 | ||
| Resources expended | ||||
| Expenditure on: | ||||
| Charitable activities | 3 | 3600 | 3600 | |
| Other activities | 4 | 6806 | 3197 | |
| Total expenditure | 10406 | 6797 | ||
| Net movement in funds | 464611 | 17340 | ||
| Reconciliation of funds | ||||
| Total Funds brought forward | 8 | 232817 | 215477 | |
| Total funds carried forward | 697428 | 232817 |
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The New Lite Church Iwimbledonl Trust Balance sheet as at 31 December 2021 2021 2020 Notes Restated Fixed assets Current fissets Dt'ilr)ii Q..)8h rii b,Ink ard In h&nd Tot.Jl currpnt assets 213 691813 Current liabilities . falling due within one year C.'Lditors'. amoiint ra..!Ing due within oDe ycar 385 ToL311)et £vrrpi)t 3sset51iliabilitieRI 697¢12A Total net as<ets 697428 232817 Funds ol the charity Liiirestricted genrral I dnd Toial fund£ 697428 697428 232817 232817 Signed by trustee on behalf of charity Full name-. Pt*tLLci Pr Date of approval
The New Ufe ThuTth (Wlmbledm) Tn45t Notes to the Accounts lor the year endlng 31 December 2021 ACCOUKllNG POUCIES al Basls ot preparallon and assessment of golng conwn These accounts have been prepared under the historical cost convention with rtems recognised at cost of transaction unless Otherwtse ststed in the relevant notes to the accounts. The financial statements have been prepared accordance with the Statement of Recommended Prartice 15econd edition). the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102) issued on 16th July 2014 and the Charities Art 2011. The Charity constitutes a public benefit entity as defined by FRS 102. The Trustees consider that there are no notional uncertainties about the Charitable CompanVs ability to continue as a going concern. bl Income All income is recc8nised once the Charity has entrtlement to the income. it is probable that the intorne will be received ?nd the amounts of income receivable can be measured reliabty. cl Expendlture Liabilities are recognised as expenditure as soon as there a legal or construrtive obligation ommitting the Charitable Company to that expenditure. it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accrual basis. All expenses are allocated or apportioned to the applitable expenditure heading. d) Volunteer Help The value of volunteer help received is not included in the accounts but 15 an essential part of the work of the charity. el Fund Accounilng Unrestricted funds are awailable for use at the discretion of the Trustees in furtherance of the general objects of the Charity and which have not been designated for other purposes. n Property valuailon The manse is valued in temis of the cost model and is shown at historical cosL The property not treated as an investment property due to the rentsl arTan8ement bein8 temporary. gl Change In accounilng pollcv During 2021 the church sold its sole property at a gain that resulted in the income exceeding the £25CrfJO reporting threshold. This means that accounts have to be prepared based on the accruals basis. The change in policy has also been applied to 2020 and the prior year comparatives have been reststed, where appropriate. h) Change In estlmate The property had not previously been depreciated. From 2021 the property is depreciated on a straight line basis over a perbod of 50 years. This change in estimate d( not result in a prior year adjustment.
The New Life Church (Wimbledon) Trust
Notes to the Accounts for the year ending 31 December 2021
| 2 Other income Rental income Gain on sale of manse Other income 3 Expenditure on charitable activities Included under charitable activities: Giving to charities with similar objects 4 Expenditure on Other activities Included under expenditure on other activities: Support costs Accountancy Rates and water Insurance Repairs to property Bank charges Depreciation of manse |
2021 2020 £ £ Restated 6000 24000 469015 2 137 475017 24137 3600 3600 3600 3600 385 0 194 2559 144 578 5231 0 96 60 756 6806 3197 |
|---|---|
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The New Life Church (Wimbledon) Trust
| Notes to the Accounts for the year ending 31 December 2021 5 Tangible assets Freehold property Opening value at cost Less disposal Net book value Accumulated depreciation Opening balance Charge for the year Less eliminated on disposal Total accumulated depreciation Net book value 6 Debtors Other debtors 7 Creditors Other creditors 8 General fund Opening balance Surplus (Shortfall) per SOFA Closing balance |
2021 2020 £ £ Restated 151279 151279 151279 0 0 151279 0 0 756 756 0 0 0 151279 2130 0 2130 0 385 0 232817 215477 464611 17340 697428 232817 |
|---|---|
The General fund is unrestricted and is used in accordance with the objectives of the Charity at the discretion of the Trustees.
Included under the General fund is a designated fund that has been set aside for donations to other charities, called the Ministry fund. An amount of £4226 has been designated but not yet distributed on 31 December 2021.
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