NEW LIFE CHURCH BEDFORDSHIRE TRUST ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024
The Trustees, Report and Accounts of New Life Church Bedfordshire Trust Charity No: 299289 For the year ended 5 April 2024
NEW LIFE CHURCH BEDFORDSHIRE TRUST ACCOUNTS FOR THE YEAR ENDED 5 April 2024 Contents Pages Objects and Purposes of Charity statement of Doctrine Legal and Administration Details Trust Policies and Procedures TrL¢slees' Responsibilities Trustees Report Independent Examiner's Report 10 Financial Ststements 111013
NEW LIFE CHURCH BEDFORDSHIRE TRUST ACCOUNTS FOR THE YEAR ENDED 5 April 2024 OBJECTS AND PURPOSES OF CHARITY The objects of the Charity as staled in ils Declaratson of Trust are'.- The advancement of the Christian Faith in accordance with the doctrines sel out on the following page and the worship of God in Bedford5hire and elsewhere by any means whatsoever including the preaching and proclamation of the Christian gospel and the teaching of Christian d¢)ctrine and principles and the pastoral Care of Christian people and the printing and distribution of the Bible and Christsan lileralure. The relief of persons who are in conditions of need, hardship or distress or who are aged or sick The advancement of education on the basis of Christian principles and without prejudice lo the generality of the foregoing the provisions of such education in any educational establishment and if the Trustees so decide the provision of one or more charitable education establishments for Ihe general education of children or adults on the basis of such Christs'an principle.
NEW LIFE CHURCH BEDFORDSHIRE TRUST ACCOUNTS FOR THE YEAR ENDED 5 April 2024 Statement of Doctrine The Unity of the Godhead and the divine co-equality of the Father, the Son, and Holy Spirit,. the Sovereignty of God in creation, providence, and redemption. The true and Proper deity of our Lord Jesus Christ.. his virgin birth,. his real and perfect manhood; the authority of his leaching", the infallibility of all his utterances,. his work of alonemenl for sinners of mankind by his vicarious sufferings. his death, bodily resurrection and ascension into Heaven,. his priestly intercession for his people. The full inspiration of the holy scriptures., their authority and efficiency as not only containing but being in themselves the word of God,. the reliability of the new testament ir¢ its leslimony to the character and authorship of the old teslamenl., and the need of the preaching of the Holy Spirit to a true and spiritual understanding of the whole. The reality of original sin in nSequenCe of the fall and the neSSIty of regeneration. The justificab'on of the sinner solely by faith through the atoning merits of our Lord and saviour Jesu5 Christ. The necessity of the work of the Holy Spirit in conversion and sanclificalion.. also in ministy in worship and in the exercising of spiritual gifts through the body of believers.
NEW LIFE CHURCH BEDFORDSHIRE TRUST ACCOUNTS FOR THE YEAR ENDED 5 April 2024 al and Administration Details The Tfust was formed as P.C.F. Trust on 6 April 1988 by a deed of the same date. By a resolution of the Trustees on 7 March 1995 it was agreed that with effect from 6 April 1995 the Trust would be known as New Life Church Bedfordshire Trust. Trustees a appointed by the elders of New Life Church Dunstable or rf there be none by the recognised spiritual leaders of the Church. Trustees At the end of the year the management ofthe Trust was undertaken by the following people who each served as Trustees for the full financial year.. Mr Graham Simpson 83 Pipers Croft Dunstable Beds LU6 3JZ Trustee Ms Sian Rous 21 Highfield Leighton Buuard Beds Trustee Mr Andrew E Robertson Trustee 144 Pytchley Road Rugby Warwickshire CV22 5NG Mr Paul Wilson 3 Bryant Road Toddinglon Bedfordshire LU5 6EX Twstee Bankers HSBC Bank 22 West Street Dunslable Beds Inde endent Examiner Ruth Hayden
NEW LIFE CHURCH BEDFORDSHIRE TRUST ACCOUNTS FOR THE YEAR ENDEO 5 April 2024 Trust Policies and Procedures Reserves Polic The Trustees do not consider that the Trust should build up lar9e reserves because the Trust aims lo spend ils income on the charitable work of the Trust and the other charities that it supports. However they believe that a minimum unrestricted reserve of £7.000 is required to effectively administer New Life Church Dunslable-.- To ensure that all invoices and other payments due can be met promptly To allow for short term fluctuations in income To cover contractual and moral obligations To meet unforeseen needs. Risk Assessment The Trustees have considered the operational, financial. and strategic risks fad by the Charity. Management information is available to the Trustees lo enable them lo regularly monitor these risks and take appropriate mitigation measures. A church insurance policy covering material loss and damage and public and employers liability risks together with loss of income cover and personal accident insurance for employees is in force. Twinkle pre school management carry out regular detailed health and safety risk assessments which also satisfy Ofsled requirements. Staff Disci lina and Grievance Procedure The Trust has a formal written staff disciplinary and grievance procedure in place. Child Protection The Trust subscribes lo the Churches Child Protection Advisory Service lo provide guidance and cary out Criminal Records Bureau checks on all staff and volunteers who work with children and young people. Written child protection and drugs policies are in force. Data Proleclron The Trust is registered with the Information Commisioner under Ihe Oala Protection Act 1998. Registration Number Z7796819. Co New Life Church Dunslable holds copyright licences issued by Christian Copyright Licensing International.
NEW LIFE CHURCH BEDFORDSHIRE TRUST TRUSTEES. RESPONSIBILITIES The Trustees are required to prepare financial statements for each financial year, which give a true 2nd fair view of the stale of affairs of the church and of ils income for that pertod. In preparing those financial statements the trustees are required lo'.- select surtable accounting policies and then appty them consistently make judgements and estimates that are reasonable and Pfudent prepare the financial statements on the going concern basis unless it is inappropriate to presume that the church will continue. The trustees are responsible for keeping proper accounting records which disclose wtth reasonable accuracy al any time the financial position of the church and to enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safegLsarding the assets of the church and hence for taking reasonable steps for the prevention and detection of fraud 2nd other irregularities.
NEW LIFE CHURCH BEDFORDSHIRE TRUST ACCOUNTS FOR THE YEAR ENOED 5 April 2024 Trustees, Re The Trust has provided financial support to Ewen Robertson and lo Alan Scotland of the Lifelink nehvork of churches, who provided spirttual oversight and leadership lo the Church. Sian Rous continued lo provide leadership lo the church on a full time ba51S. The Church continued to be part of the Lifelink Global neOrk of associated churches that work together in the UK and overseas. The charitable work of Lifelink International {Registefed Charity 10707701 continued lo be financially supported. Charitable gifts were made lo various good causes during the year. Funds were raised lo support the Nyanga Children's Home, a humanitarian project of Lifelink Global in Zimbabwe. Gifts were gwen to Foodbank clients for Christmas and Christmas boxes donated lo Operatlon Christma>Child-. The church has been growing slowly. 11 met for Sunday moming worship on a weekly basis, including monthly brunch events. Smaller Life Groups mel regularly for smaller group support and personal discipleship. Three people make up the senior leadership team who meet fortnightly lo pray, plan and organise pastoral support. A wider core team of len individltals mel six weekty. providirsg a creative. support and planning forum. Monthly worship and prayer events were held. Fortnightly prayer meetings and hospitality events were initiated. Men's 2nd women's groups met and a Young Adults group slarted. Ministy lo children and young people continued with a Sunday Kid5 Club and tsvo youth groups. A midweek weekty youth group served Ioc21 youth who attended gUlarlY and going on day trips together. Tumbles toddler group continued to serve twenty or more families from the local community. The service is free and includes Christma5 and summer parties. The chltrch continues to support and contribute by way of personnel to the Dunstable Foodbank Charity where the building is also used as a distribution oullel. The church supported the Houghton Regis Camival with hvo stalls with free offerings of crafts, giveaways and offering prayer. This year we had our first altemative lo Halloween events on the streets where 200 gifts and free drinks were given away. The donations received by Ihe Trust are almost entirely through the giving of the people within the Church. The income of the trust was down 150/0 on the previous year primarily as a result of one of "'income lowards4htrbulldingyenovationand3lsa%Mal1dctI0IfrtltheS an¢*offerinncOmeTrve think due tCTthe cost-of.11ITcmXrys anfnoTrepafed"one oifcontributions made in the previous year. This reductKJn was offset in part by a reduction in expenditure of 6.gLhl on the previous year. The overall position reported is a deficit in income against expenditure of £11,070 but this will be offset by simialr rebate due back from HMRC in relation lo the employers nalional insurance rebate due to the charity and expected lo be in the early 2024-25 financil year. Signed on behalf of the T uslees.. S Rous G Simpson Dale
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF NEW LIFE CHURCH BEDFORDSHIRE TRUST I rert on the accounts of the Trust for the year ended 5 April 2024, which are set out on pages 1110 13 Respective responsibilitles of trustees and examiner As described on page 8, the trustees are responsible for the preparation of the accounts.. you Consrder that the audit requirement of section 43121 of the Charities Act 1993 Ilhe Act) does not apply. 11 is my responsibility lo stale, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43{7llbl of the Act. whether particular matters have come to my attention. Basis of indgpendent examlnefs report My examination wa5 carried out in accordance with the General DitionS gNen by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual rtems or disclosu5 in the a¢nIs, and seeking explanations from you as Iruslees conceming any such matters. The.p..rocedufes updertakerndo.nol provide.all_IlJe_eyidencR__thal.would_be required_in an.audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent examinerfs staterngnt In connection with my examination. rto matter has come lo my attention.. which gives me reasonable cause to believe that in any material respect the requirements. to keep accounting rerdS in accordance with section 41 of the Acl,- and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act. Have not been me ' lo wwch. in my opinion. a accountg lo be reached. ntion should be order to enable a proper understanding of the Ruth Hayden Date.. 10-
NEW LIFE CHURCH BEDFORDSHIRE TRUST RECEIPTS AND PAYMENTS ACCOUNT FOR THE PERIOD ENDED S A ril 2024 Unrestricted Funds Restricted nds Total 2023-24 Total 2022-23 INCOME Income from Twinkle Love Offenngs received 2.479 Offerings 4,410 4,410 4.726 Other Income 200 7.789 7,789 16.075 Gift Aid tsx refund 11,728 11.728 12,006 Tithes 45.996 45.996 47.666 Twnkle Playgroup Income TOTAL INCOME £62,334 £7,789 £70,123 £82,952 EXPENSES Administration Building expenses Child sponsoring Youth & children's work Professional Fees paid General Church Love Gifts made Ministry expenses Depreciation 1,173 27,741 1,173 27,741 787 28,788 389 1.691 2.400 389 1,691 2,400 1,663 46.707 1.092 319 366 4,951 2,550 49.404 1,663 46,707 1,092 TOTAL EXPENSES £81,193 £1.663 £81,193 £86,865 We approve these accounts and confirm that we have made available all relevant records and infomialion for their preparation. Sned on behalf of the Trustees.. S Rous G Simpson Dale
NEW LIFE CHURCH BEDFOROSHIRE NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 5 APRIL 2024 Princi al Accountin Policies Accountin Convention The accounts have been prepared under the historical cost convention. Income Donations received are shown as income for the year in which they are received and are credited to either reslri¢ted or unrestricted fvnds depending upon the terms of the donation. enditure Revenue expenditure is written off to the Statement of Financial ActNities as incurred. Expenditure of a capital nature is included in fixed assets and is written off over ils useful life as follows: Fixtures and Fittings Office equipment written off over 20 years. written off over 3 years. All fixtures and fittings have been costed in full at the time they are incurred. The NBV has however reduced in line with the depreciation charge outlined above. Fixed Assets Land and Buildings Fixtures & Fittings Total COST As of 5 April 2023, Additions Disposals £114.661 £0 £114,661 As at S April 2023 £114.661 £0 £114,66 DEPRECIATION As of 6 April 2023, Charge in the year Disposals As of 5 April 2024. £37,772 £ 2,698 £0 £0 £37,772 £ 2,698 £40,470 £0 £40,470 Net book value al 5 April 2024 £74,191 £0 £74.191 Net book value al 5 April 2024 £74.191 £0 £74.191 The charity acquired York House, 80a Houghlon Road Dunstable on 29 February 2000. Historically the trustees have not charged depreciation and have left the asset in the accounts at Cost. During 12-
2009 the trust spent £26,975 on roof repairs and renovations to the property. These have been capitslised The trvstees have decided lo depreciate the capilalised expenditure on a straight line basis over 10 years. An Estate agents 'view of value, was obtained prior lo the renovation and repair works and a value of £249.99S given. This is confirmed by way of letter from Smith Estates (Lulonl Ltd dated 24th Juty 2009. The tnjslees have not thought it appropriate to revalue the asset in line with this value. Creditors & Debtors Current CredorS at 05 April 2024 £0 12022 £0} Bank and Cash BalanS Bank balances at S April 2024 £2,345 12023 £13.586) Cash float £ nil 12023 £ nil) Lon Term Liabilities Bank loan balance al 5 April 2024 £0 12023 £01 Dunng 2009 the Twst restructured ils Loan and look out additional funding of £10,000 to part fvnd the costs of the roof repairs and renovations. To achieve this a new loan of £35,000 was taken out over 10 years with Lloyds TSB. Interest is Charged at 2.90Vo above bank base rale and is repayable ty way of 120 repayments of capital and interest. The loan was repaid from surplus cash deposit during the 2018-19 financial year. Trustees, Remuneration and Ex enses Remuneration and expenses tolalling £42,65312023 £44,955) was paid to Ewen Robertson for oversight of the Church. Sian Rous for her full-time role as the leader of the church, Eleanor Hearing for her role as treasurer and Pam Shucker for her cleaning of the church. No other Irustee received remuneration or expenses during the year. 13