Registered number 514539 New Life Church Congleton Report and Financial Statements For the Year Ended 31 December 2023
New Life Church Congleton Contents Page Reference and administrative information Report of the Tnjstees Independent Examiner's Report Statement of Financial Activities 13 14 Balance Sheet 15 ststement of Cashflows 16 Notes to the Financial Ststements 17
New Life Church Congleton Reference and administrative information TRUSTEES Stephen Neil Hodgkinson MBE Peter Martin Giles Osborn Chapman (resigned 4th February 2024) George Hurlstone Susan Sparks Michael Burgess Rory Sanders Benedict Gaddum Linda Hurlstone Rachel Mellor Peter Minshull (resigned 25th September 2023) (resigned 11th June 2023 Irestgned 4th February 2024) TRUST ADDRESS Danesford Community Centre West Road Congleton Cheshire CW12 4EY LEGAL STATUS The charity was fomied as a trust under a trust deed dated 21 October 1983 (With Deed of Variations dated 8th April 2000,13th December 2010 and 19th January 2021) Registered with the Charity Commission - Registration Number 514539 The charity was formerty known as New Lrfe Christian Fellowship BANKERS The Royal Bank of Scotland PLC Drummond House IGE) Branch, Edinburgh INDEPENDENT EXAMINER K Salt IFCCAI BK Plus Audit Limited Chartered Certified Accountants Adventure Place Hanley Stoke on Trent ST13AF ANNUAL REPORT These financial statements should be read in conjunction Vth the trustees, annual report which is published on the same date as these accounts.
Danes West Cheshi Tru asa New Li Register Bankers: Royal Ba Drummon Independ K Salt (F BK Plus L Chartered Adventu Solicitor Fiona Bru Justice H Warringto
History The church was founded in 1983 and operates as a Charitable Trust under its Trust Deed dated 21st October 1983, which also contains the Statement of Doctrines, and by which the church life and business is conducted. A subsequent Deed of Variation dated 8 April 2000 was registered with the Charity Commissioners. Further Deeds of Variation dated 13 December 2010 authorised the change of name from New Life Christian Fellowship, Congleton to New Life Church, Congleton and 19 January 2021 clarifying conflicts of interest procedures of Trustee meetings. The church began as a smal5 house fellowship, often referred to as a 'House Church.. As it grew and expanded, the church needed larger premises to hold its Sunday Services and to develop other ministries in the local communty. The church acquired the freehold on the premises known as Danesford Community Centre from NCH Action for Children, from whom the premises were previously rented, during the financial year ended 31 October 2000. The cost was £185,000. Major improvements and refurbishments have taken Pla and continue to take place as the trustees seek to maintain the facility to a high standard and ensure compliance with all heaEth and safety and hygiene regulations and standards. A major first floor extension was completed in 2015 and provides four additional rooms and 8 tea bar. All rooms are being used extensively and are proving a great asset to the communtty ntre, which is recognised as a Community Hub. During 2022, discussions have begun with Cheshire East Council with regard to being included as part of the Family Hub network which would release some level of funding Provided by HM Govemment to support Family Hubs. Fiona Bruce MP is being supportive. Whilst we are connected and directly involved with Cheshire East Council in this respect it would appear no funds from the £1,000,000 grant from Central Govemment will be coming our wayl Review of centre facilities The extension to the renamed Family Room which was completed in the summer of 2017 has proved to be a great addition to our centre facilities. The church's involvement in the community has continued to expand during the year with numerous voluntary organisations, clubs, societies, fundraising bodies. especially those involving children and young people, using the centre. The centre also has a specially designated Counselling Room where people with difficult personal issues, including addictions are helped. New Life Church provides spaces on the car park to house the two Congleton Community Partnership Minibuses and their hirelusage diary and fuel is managed through the church offi. New Life Church is a member of The Evangelical Allian, Churches Together in Congleton, Congleton Bible Week and closely associated with various local government community partnerships, including the CVS (Council for Voluntary Service Cheshire East). New Life Church celebrated its 40th Anniversary in September . welcoming back members from past days and Dr Rob Kiff, founding member presented God's Word at the Sunday morning service.
Aims and Objectives The charity's objectives are as follows: 1. The advancement of the Christian faith. 2. The relief of persons who are in conditions of need, hardship or distress or who are aged or sick. 3. The provision of instruction in the principles of the Christian faith at any educational establishment. 4. To promote and support such other charitable schemes or projects as may be established to benefit the public and in particular the provision of facilities for a communty centre in Congleton for the use and benefit of local residents. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future actlvitles. In particular, the trustees consider how planned actlvities will Contribute to the aims and objectlves they have set. Elders The governan of the church is under an appointed Eldership. which is responsible for sound doctrine in accordance with scripture, and for the overall vision and direction of the church. Elders serving during the year under review were: Stephen Hodgkinson MBE Peter Martin Jeff Cutts The Trustees Under the Trust Deed, trustees are appointed to be responsible and accountable for the flnancial integrity of the church, including property, equipment, fixtures & fittings, health and Safety and Safeguarding. The trustees serving during the year under review were: George Hurlstone (Secretary) Stephen Hodgkinson (Chairman) Sue Sparks Peter Martin Rory Sanders(Deputy Chairman)(Resigned 25th Sept 2023) Giles Chapman (Resigned 4th Feb 2024) Linda Hurlstone Michael Burgess Peter Minshull (Resigned 4th Feb 2024) Benedict Gaddum (Resigned 1 Ith June 2023) Rachel Mellor
The trustees are eMpred to appoint a treasuTer to maintain the account and this position has bn undertaken by Richard Crowrler who resigned o Rory Sanders was appointed Hon Treasurer w.e.f. 1 st Oct 2023 and the ch overlapping period of three months. The trustees nomially meet each month. except August, to review and mak matters relating to the church finances. employment. health and safety, saf protection and the general running of the centre. A full financial review sho each quarter and will be resumed in 2024. Minutes of the meetings are tak maintained by the churth administrator. The trustees employ a Church Administrator Louise Davies, wthose contra per week for 42 weeks per annum. None of the trustees receive any financial remuneration or beneffts in kind f other than a contribution towards out of pocket expenses paid to S Hodgki in the accounts. Governance The Church holds an Annual General Meeting and for the year under revi Sunday 4 February 2024 at which a summary of income and expenditure together with a summary of ministry reports. One tntee retiring by rotat himself for r&electlon and was duly re-elected. Marriages The church centre is linSed and registered with the Superintendent Regi marriage ceremonies under certtficate. Our Registered Number is 42430. was conducted during the period under review. Church Ministnes Prayer Ministry Prayer underpins and sustains everything that takes place within and out fr Church and new ministries are birthed in prayer. Regular times of corporat at the ntre and in Lrfe Groups throughoui the week. Individual church m encouraged to pray privately each day and special prayer events are held During the year under review. we have experienced amazing answers to pr by miraculous healings. guidance for individual lives and new opportunities seNe the community. Regular prayer dinics are held and the church elder available to pray for people's needs and situations. Members of The Prayer Ministry Team are aVayS available on Sunday mo people after the senfice. The team has been expanded under the guidance provides training for those joining the team. Healing Rooms England & Wales We provide roomloffice facilitses on Mondays and Thursdays for Healing Ro whose headquarters are located at New Lrfe Church Centre. Preaching Ministry The church Elders continue to have overall responsibility for the preaching sound biblical truths bringing guidance. direction and vision to the church.
Inspirational preaching is provided through church members and from time to time visiting speakers. The Elders are particularly grateful to Paul Williams, Catherine Krinks and Shane Wright who form the core of the preaching minlstry team. Pralse & Worship Mlnlstry Christian Contemporary Music plays a key part in our Sunday worship services and the church is blessed with a good number of gifted Holy Spirtt anointed musicians and singers from whom we currently have several worship bands who atternate for various periods during the year. The bands are supported by a dedicated tearn of audio and visual technicians. Sanctuary Worship provides an extended time of praise and worship with an open time to hear from The Lord. This usually takes place monthly on the first Tuesday evening. Llfe Groups, Dlsclpleshlp and Pastoral Care The church is committed to the discipleship and pastoral care of church members and this is undertaken in a variety of ways, primarily small groups. All new people joining the church are encouraged to join a small group or be linked to one. Equip Foundations, is now well established and is very well attended including many people who rentlY completed the Alpha Course. A new 'Living God's Way, course for new disciples takes pla, primarily for those who have recently completed an Alpha Course. Hospltal Minlstry Sadly these remain suspended due to hospital Covld regulatlons. Evangellsm The church is committed to evangelism within the local communty. Church members carry this out most effectively through personal witnessing and development of friendships and relationships. Church wde Alpha Courses continue to be held every year in the aLrtumn and spring tenns. Alpha continues to be the main tool to assist members in introducing friends, neighbours and colleagues to the Christian faith. We have seen encouraging growth in attendance on Alpha Courses and these have been followed by foundation courses. Four new believers were baptised on Easter Sunday. Special events, e.g. Theatre Productions and Concerts are also held occasionally and these events provide an ideal opportunty to introduce people to the Christian faith. Life Groups play an essential part in Alpha by introducing guests and in providing the excellent weekly meals for the evening courses.
A comprehensive report of all the church's ministries is produced and reported at the AGM. A copy is available on request. Primary Schools. Mlnistry We Continue to conduct lessons and assemblies using Open the Book materials and O Mini and Nrr Mini (formerly Bible Explorer) material. The teams have been strengthened with new volunteers including Tina O'Hara who leads our Open the Book team. We conduct a one hour lesson in all the primary schools preparing year 6 pupils who are moving up to High School and present each pupil with an 'lt's your move, book prodUd by Scripture Union. This is funded by Churches Together in Congleton. Our Children's ministry team also Gonduct assemblies in most primary schools and a new initiative called 'The Hope Joumey, takes place, working with other local churches. High S¢hools' Ministry We have a longstanding strong relationship with our two High Schools particularly CU groups in Congleton High School. We hope for greater connections once again with Eaton Bank Academy. Nursery Group This consists of Pre-school for 3 and 4 year olds and 2 year olds in The Rainbow Room, catering for children on a sessional basis. "Fees are charged and part-time staff are paid on a pro-rata basis per session. Staff are paid above the minimum wage and Childcare level 3 qualrfications are recognised with an additional hourly rate supplement Holiday pay is the required statutory 5.6 weeks. <'Most three & four year old children are nowfunded by Cheshire East Council Children & Families plus some two year olds who meet the special funding criteria.) Individual Pupil Funding {IPF) is secured to cover one to one support for special needs children. The Nursery Group continues to provide high qLFality pre-school provision. This is under the leadership of Alison Timbey our Nursery Manager together with Maria Daniels as Room lead following the retirement of Rachel Williams who has gtven many many years of devoted and committed service (Rachel does continue to provide support on an ad hoc basis when required). Sarah Morris took maternity leave from 6th March 2023 to 8th January 2024 and Sarah remains Deputy Manager. We believe in the inclusion of all children and we have developed and been recognised as a centre of excellence for children with special educational needs and disabilities. The Nursery is judged GOOD foll0vng the last Ofsted inspection in October 2019. Open Evenings for parents are held each year to discuss the progress of their children.
We have seen a modest growth in numbers of the children attending. and especially those with special educational needs (SEND). Zang Qui Xi, who is sponsored by our nursery families, is a special needs child in the Lighthouse orphanage in Chagsha Province in China which 15 part of the church's ministry and support for Intemational China Concem. New Lrfe Nursery is a member of the Early Years Alliance and is registered with Children and Families Cheshire East. Special services are held for nursery children and families at HaeSt, Christmas, Easter and Summer Sports, all of which are extremely well attended. New Life Nursery Group maintains a strong Christian ethos with daily prayers, Bible stories and songs. Words and Music I Christian Resources and Coffee Shop This ministry has continued to go from strength to strength under the inspirational leadership of Emma Davies who is supported by a committed and energetic team including long seNing Geoff Wood. Childrens, and Youth Ministry We have an excellent team of enthusiastic and committed leaders in Beth Cosgrove, Sue Wood, Callum Davies and Chloe Page who provide energy, imagination and creativty to this ministry. working well together as a team. The church remains totally commttted to children and young people and continues to invest unreservedly in this ministry. Design and Publicity and Communication Julie Thomas undertakes the role of running Facebook. keeping the Webslte up to date, and effectively communicating through Social Media. She is employed by the church one day per week. We are indebted to Elalne Sharples for her exlIent work in designing our Alpha leaflets, publicity items and adverts for the local press. Ministry to Deaf People Loop systems exist in the Main Hall. Social Room and Children's Room.
Fairly Traded Goods New Lrfe Church encourages support for Fair Trade which is promoted through Words & Music. UK Missions The churGh provides regular financial support to the following: Good News for Everyone (formerty Gideons Intemational) United Christian Broadcasters (UCB) Alpha UK Christian Institute Lifelink Society for the Protection of Unbom Children (SPUC) Care Churches in Cheshire Agricultural Chaplaincy Bible Society Open Doors street Pastors Healing Rooms Sat7TV Message Trust Christian Aid Other one-off gifts are made on approval of the trustees. Overseas Missions The church support various overseas missions financially on a regular basis in China. Slovakia, Romania, Africa and India plus supportfor the Persecuted Church worldwide through Open Doors charity. Samaritan's Purse (Christmas Shoeboxes) New Lrfe Church acts as a collecting centre thanks to Yvon Degens, and Ruth Speed's Organisation and we collected over 1.100 shoeboxes. Caring Mlnlstries I Servlng the Communlty Objective 2 of our Trust Deed states "The relief of persons who are in conditions of need, hardship or distress or who are aged or sick" The major expansion of this work has continued during the year under review and we have further exiended our nebNork of referring agencies with whom we have excellent working relationships. Various grants have generously been made available to support this vital work and the trustees are extremely grateful to several agencies. chartties and grant making bodies.
Christian Counselllng and Listening Service This is run by Louise Daniels, a fully qualified counsellor accredited by BACP and ACC. The service is open to people both in and outside the church and many people are referred through local agencies. The church carries specialist professional indemnity insurance for this ministry. This service now includes Pregnancy Crisis Support and Child Loss (fomierfy provided under the Image banner). Storehouse Project This project continues to experience very strong demand and the church is extremely grateful for extra grants and an amazing response from the local community. Joanna Crichton and Lynnsey Miles oversee the Storehouse and during the year have built a great team of reliable volunteers. The Storehouse Project, which was launched October 2010 has had an amazing impact within the community where more and more people and families have benefitted from crisis food parcels. Generous donations of food from church members. local schools and other churches in the town have kept The Storehouse stocked with food and essential ttems, plus some very generous regular financial gtfts from peop outside the church enables us to boost stocks on a regular basis. Collections at Tesco Congleton have also boosted stocks and the church is very grateful to the generosity of the Congleton public. (We are now inGluded in Tesco's national food collection known as Fair Share) which takes place twice each year. Regular daily collections of fresh food are made at Marks & Spencer Food Hall. Tesco, Greggs and CO-OP. Regular bulletins are produced for general information. Circa 400 Bags of Joy and presents were provided to needy families and individuals referred to us by various support agencies. Furniture and White Goods Recycling l New Life Communlty Partnership The church for many years has sourced good condrtion second hand items, passing them on to those who are being re-housed, having previously been homeless. The church works in conjunction with the warehouse and team based on Bromley Road and is very grateful to them for their support, wtthout which the Servi could not operate. We have experienced a mass¢ve increase in demand due to cost of living increase, especially in white goods for single parent families, often fteeing domestic abuse. Also we're helping an increasing number of indtviduals wtth mental health issues.
The Jubilee Club The Jubilee Club was founded in May 2012 in response to the needs of many people being helped through the Storehouse foodbank. People are referred through various agencies. The club meets every Tuesday, starting with tea. coffee and toast. followed by a brief "lrfe message" Members of the team then opt for various activities. Many of those attending are struggling wtth serious life issues, e.g. recovering from drug and alcohol addictions, mental health patients, broken domestic relationships, abusive and violent relationships. The Club continues to thrive and grow with thanks to many commttted volunteers. Job Club & Beneflts Support This grew out of the Jubilee Club and has proved very popular and been very successful. Job vacancies are scrutinised and matched to suttable applicants. Cvs are written, mock interviews take place, references are provided and suitable attire provided if appropriate. Well over 100 people have gained pemianent employment Sin tt began in 2013. Family Support Ministry This ministry has continued to grow and was initially funded by a three year grant from the National Lottery's Reaching Communities. This expanding ministry is led by Joanna Crichton and Margaret Sanders and is now funded through church members My Giving, and very recently generous grants. Much of the work takes place with damaged, broken and dysfijnctional families and on occasions involves supporting clients in Gourt appearances and EHA, CIN and CP meetings where children are involved. Parenting courses are proving very popular and helpful. Civic & Community Engagement The church continues to be aclively involved in the local community including civic functions and charitable events with the Rotary Club. Church Elder Steve Hodgkinson was appointed Mayorfs Chaplain following Coun. Rob Moreton's election as Mayor in May and Steve has been able to introduce prayers in the Council Chamber thanks to the Mayor. The Mayor was also glad to receive an inscribed leather-bound copy of The Bible. 10
Financial Review The financial activity of the charity is detailed in the Financial Statements attached which have been prepared by B K Plus Limited Chartered Certified Accountants. The trustees are satisfied that the Financial Accounts reflect an accurate account of the year's activities. The Income and Expenditure figures for year ended 31 December 2023 shows a net deficit of expellditure over income of £22656(2022), £26817(2023) The Balance Sheet reveals net assets of £880,909(2022 . £903,566) Whilst the charity remains in a strong and healthy financial position to support its ongoing work and vision, the trustees are reliant upon communty grants to supplement the generous giving of church members. All designated giving. e.g. Grants, International China Concern, Building Fund, Ukraine Refugees, Romanian children etc. was directed In full to the designated account or recipient, together with allocated Gift Aid. The Trustees are continually reviewing the financial position and are confident that the significant cash reserves which have accumulated through prudent management will enable the church to continue to maintain all its ministries wtth its financial commttments and obligations. Plans for the future Our goal will continue to be the advancement of the Christian failh and the building of God's Kingdom through all the ministries described in the report, whilst being open to new initiatives through the guidan and inspiration of The Holy Spirit. Reserves Policy The Reseries Policy is as follows: Tier 1- Long Tem) The trustees will maintain a minimum cash balan of £85,000 overall funds to ensure continuation of operations, e.g. payment of wages and salaries, running and maintenance Gosts of buildings, fixtures and frttings. Tler 2- Short Term The trustees will review the reserves policy annually when approving the accounts and make appropriate amendments in the light of current circumstances.
Volunteers The church relies on the contribution made by its volunteers. These volunteers deliver services and also act as trustees, administrators, fundraisers and in other roles. Risk Management The trustees actively re)riew the major risks which the chartty faces on a regular basis and believe that maintaining reserves at the current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the Gharity and confirm that they have established systems to mÉtigate the significant risks. Safeguardlng The church operates Child Protection, Safeguarding Adults and Working with Offenders policies. All people working with young people and children and vulnerable adults are DBS checked. Health and Safety Issues are reviewed monthly at the Trustees. meetings and Martin Hambley was appointed Health and Safety Officer and provides regular. usually weekly visits, carrying out alarm tests etc. Major Electrical Upgrade Following an inspection by Comerstone Electrical we received an unsatisfactory report thereby requiring immediate attention. The Trustees are indebted to Brian Hudson who undertook extensive remedial work, replacing old defective fittings, providing additional power sources and a generally tidying up all wring etc. A reinspection by Cornerstone has now provided a satisfactory report. The trustees are grateful to Congleton Inclosure Trust for their generous grant of £4.000 towards funding the work. Independent Examiners K Plus Ltd were appointed as independent examiners during the year and have expressed their willingness to continue in that capacity. (Our main contact is Steve Orme). Church in the Communlty We have continued to help more and more vulnerable and needy people and families and we are seeing many of them become part of the church family. The church has eXperIend further growih during the year under rewew with more and more people and families becoming committed church members. We continue to be committed to the 'Great Commission, to 'go and make disciples of all nations, (Matthew 28'.19) and to see God's people 'growng and being built up in love, as each part does its work, (Ephesians 4..16) Stephen Hodgkinson MBE Chairman of Trustees 17-J 202* Dated: 12
Independent Examiner's Report to the trustees of New Life Church Conglgton I report to the truslees on my examination of the accounts of the New Lrfe Church Congleton (the Trusll for the year ended 31 December 2023. whh are set oul on pages 14 to 28. Responsibilities and basis of report As the charity trustees of the Trust you are responsible forthe preparation of the ac£ounts in ac(x)rdance with tho requirements of the Charities Act 2011 ('the Act?. I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Chartty Commission under section 145{51(b) of the Act. Independent examlnèrfs 8tstèmont Slnce the Charity's gross income exceeded £250.OCKJ your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination because l a member of The Association of Chartered Certrfied Accountants, which is one of the listed bodies. I have completed my examination. I confim that no material matters have come to my attention in conneclion WTth Ihe examination giving me cause to believe that in any material respect.. accounting records were nol kept in respect of the Trust as required by sectton 130 of the A¢t', or 2. the accounts do not accord wlh those records- or 3. the accounts do not comply wth the applicable requirements conceming the fom and content of accounts set out in the Charities {Accounls and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view whi¢h is not a matter considered as part of an independent examination. I have no ¢oncerns and have come across no other matters in connection 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= Dated . K. Salt (FCCAI BK Plus Audit Limited Chartered Certrfied Accountants Adventure Place Hanley stoke on Trent STI 3AF 13
New Life Church Congleton statement of Financial Activities for the year ended 31 December 2023 Unrestrlcted Restrictsd Endowment Funds Funds Funds 2023 Total 2022 Total Notss Income Incoming resources from generated funds Donations & Grants Charitable activities Fundraising activities Investment income 338,414 195.696 13.897 1,362 156,424 494.838 195,696 13,897 1,362 450,740 155,050 10,442 223 Total income 549,369 156,424 705,793 616,455 Expenditure Cost of raising fijnds Fundraising Expenditure on charitable activities: Ministry Youth, children and schools outreach Garing ministries Support of missionaries and other charity donations Nursery Café and bookshop 225.953 101,279 1,947 3.696 229,649 101,279 80,429 205,581 90,107 72,775 78,482 12,890 134.602 97,363 72,211 26 85,101 134,628 97,363 83,243 109,584 81,982 Total exp8nditure 574.034 154,415 728,449 643,272 Net income/(expendilure) {24,665) 2.009 (22,656) (26,817) Transfer betwaen funds Gross transfers belween funds 16 10.500 (10,500) Net movement in funds (14,1651 (8,491) {22,6561 (26.8171 Reconciliatlon of funds Total funds brought forward 597,954 82.9 222,705 903,565 930,382 rotal lunds camed fOard 583,789 74,415 222,705 880.909 903,565 14
New Life Church Congleton Balance Sheet as at 31 December 2023 Notes 2023 2022 Fixed assets Tangible assets 11 446,501 460,406 Total fixed assets 446,501 460,406 Current assets Stock Debtors Cash at bank and in hand 11,965 39,289 424,093 10,221 34,343 421,820 12 Total cutrrent assets 475,347 466,384 Liabililies Creditors.. amounts falling due within one year 13 40,939 23.225 Net cuffent assets 434,408 443,159 Total assets less current liabilities 880,909 903,565 Creditors.. amounts falling due after more than one year 14 Net assets 880,909 903,565 The funds of the charity: Endowment fund 15 222,705 222,705 Restricted income funds 16 74,415 82,906 Unrestricted income funds General funds 17 583,789 597,954 Total charity lunds 880,909 903,565 The notes at pages 17 to 28 fom part of these accounts Approved by the trustees on the date shown below and signed on their behalf by: Stephen Neil Hodgkin50n MBE Date.. 102Y 15
New Life Church Congleton Statement of Cash Flows as at 31 December 2023 Total funds 2023 Total funds 2022 Notes Net cash used in operating 20 23,458 14,910 Cash flows from investing Interest and dividends Property improvement costs Purchase of furniture and equipment Proceeds from sale of investments 1.362 223 (4,036) (22,547) (12,085} Net cash provided by investlng (21,185) 115,8981 Cash flows from financlng Repayment of borrowing Cash inflow from new borrowings Net Cash provided by financing Change in cash and cash 2,273 {9881 Cash and cash equivalent brought 421,820 422,808 Cash and cash equivalents carried 424,093 421,820 16
New Life Church Congleton Notes to the Financlal Statements for the year ended 31 December 2023 Accounting policies Basis of preparation of accounts The accounts {financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise staled in the relevant notels} to these accounts. The financial statements have been prepared in accordance with the Statemenl of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 1021 and the Charitie5 Act 2011. The truslees consider that there are no material uncertainties about the Trust's ability to continue as a going concern. Fund structure The charty maintains various types of funds as follows.. Endowment funds Endowment funds represent assets which are to be held permanenty by the Gharity. Restricted fund5 Restricted funds represenl grants. donations and legacies received which are allocated by the donor for $pecrf puiposes. Designated funds Designaled funds are amounts which have been pul aside out of unreskncted funds at the discretion of the trustees which are therefore not available for other purposes. General unrestricted funds General unrestricted funds represent unrestricted income which is expendable at the discretion of the trustees in the furtherance of the objects of the charity. Such funds may be held in order lo fi'nance both working capital and capital investment. 17
New Life Church Congleton Notes to the Financial Statements for the year ended 31 December 2023 Incomlng recognition All income is recognised in the statement of financial activities when the conditKsn5 for receipt have been mel and there is reasonable assurance of reipt. Vvhere a claim for repayment of income tax has or will be made, such income is grossed up for the tsx recoverable. The following accounkn'ng policies are applied to income.. Grfts in kind and donated goods Assets given for distribution by the charity are recognised as income for the year only when they are distributed. Where such undistributed assets exist at the year end, they are not included in the accounts but a note is provided of Iheir estimated value. Assets given for use by the charity are recognised as incoming resources at their estimated market value when receivable. If Ihey fomi part of the fixed assets of the charity, they are capitalised in the balance sheet at the value at which the gift was included in incoming resources. Assets given in kind for conversion into cash and subsequent application by the charity are recognised as income in the accounting per¢od when receivable. All estimates of value of such gifts are made by the tTUStees. Donations Donations and all other receipts from fundraising are reported gross and the related fundraising costs are reported in other expenditure. Investmenl income Investment income is accounted for when reGeivable. Tax recoverable relating to investmenl incom8 IS accounted for in the same peri¢)d as the related income. Resources expended Liabilities are recognised as resources expended as s¢)on as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Grants payable are accounted for when the trustees have accepted a legal or moral obligation to make the grant. Allocation of overhead, support and governance costs Costs have been allocated first to the charitable actNity concerned. Overhead. support and governance costs relating to Charitable Activities have been apportioned based on usage. The allocation of overhead, support and govemance costs is shown in note 7. Costs of generating funds The cost of generating funds consist of the supwrt costs in relation to the administration support provided with regard to room hire. Charitable actlvitles Costs of charitable activities comprise of those costs incurred in the delivery of its activities. 11 includes both cosls that can be allocated directly and the relevant amount of support costs that relate to that particular activity. 18
New Life Church Congleton Notes to the Financial Statements for the year ended 31 Dember 2023 Tangible fixed assets Tangible fixed assets are slated at cost less depreciation which is provided over the estimated useful lives of the assets. Fixtures and fittings Equipment Building improvements Property 20% reducing balan straight line over 5 years straight line over 15 years straighl line over 50 years Operating leases Rental costs under operating leases are charged to the ststement of financial acltvities in equal amounts over the period of the lease. Stocks Stock is valued at the lower of cost and net realisable value. Grants Grants receivable are credited to the Statement of Financial Activilies (SOFA) in the year for which they are received. Deferred income represents amounts received for future periods and is released to incoming resources in the period for which it has been recerved. Charltable commitments Commitmersts which are legally binding on the trustees are accounted for as resources expended in the statement of financial aclivities. Where the promise of financial support is not binding on the trustees, such intentions are accounted for by a transfer to a designaled fund. Activities that are to be wholly financed from future income do not form part of such designation and are disclosed in a note to the accounls. 19
New Life Church Congleton Notes to the Financial Statements for the year ended 31 December 2023 Donatlons & Grants Unrestricted Restrictsd 2023 2022 Gifts and donations J H Rausing Trust- Caring ministry wages Conglelon 4 Congleton - Caring ministry grant Plus Dane Housing - Caring ministry grant Cheshire East- Cost of Living Grant THIBA Ltd- LEO grant Congleton Inclosure Trust- Equiment grant William Dean Trust- Volunteer Manager Neighbourly Limited Community Fund Conglelon Inclosure Trusl - Sensory R¢)om Rotary and Childrens Trust Plus Dane Grant Ground Work UK Cheshire Easl - Fumiture Recycling Grant 333.414 144,599 8.125 2,000 1,000 478,013 8,125 2,000 1,000 5,000 200 500 443.340 5,000 200 500 500 2,000 2,000 1,750 50 1,000 100 338,414 156,424 494,838 450,740 Income from charitable activlties Unrostrictad Restrictèd 2023 2022 Ministry sundry income Nursery school fees Nursery sundry income Café and bookshop income Events 10 114,279 1.356 78,808 1,243 10 114,279 1.356 78,808 1,243 500 85,119 438 67,831 1,162 195.696 195.696 155.050 20
New Life Church Congleton Notes to the Financial Statements for the year ended 31 December 2023 Income from fundralslng actlvitles Unrestrlcted Restricted 2023 2022 Room hire Miscellaneous evenls and income 13,897 13.897 10,442 13,897 13,897 10,442 Investment income Unrestrfcted Restrlcted 2023 2022 Bank interest from UK cash deposits 1.362 1,362 223 1.362 1,362 223 6 Cost of raising funds Unrestricted Restrictsd 2023 2022 Fundraising-. Room hire support costs (note 7) 21
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New Life Church Congleton Notes to the Financial Statements for the year ended 31 December 2023 Support of missionarfes and other charity donatlons Unrestrlcted funds Restricted funds Total Funds 2023 Total Funds 2022 Material grants payable by the trust= 3 grants were made to individual missionaries {2022'.21 South African Missionary Work Amic mission- Romania Mali appeal ICC- China Carrot Tops Christian Aid Romania children's horne Support to Romania -ukrainian Refugees 2.000 9,314 10,900 870 6.794 6.475 9,314 10,900 870 6,794 6,475 1,200 1,000 10.022 9,348 12,599 3,295 1,122 6,450 1,000 10,022 1,775 10,522 18,607 18,607 9,022 other small grants to charities Special donations from the Chur¢h Family Fund 8.734 8.734 16,817 11,185 72,211 11,185 85,101 12,293 83,243 12,890 24
New Life Church Congleton Notes to the Financial Statements for the year ended 31 December 2023 10 Stsff numbers and costs The average weekly number of staff employed by the charity during the year, was as follows.. 2023 2022 Nursery staff Coffee shop and bookshop staff Admin staff Youth and children's ministry Counsellor Cleaning Church leadership Volunteer rnanagerlco-ordinator Family Support Ministry 12 10 33 31 The aggregate payroll costs of the above was.. 2023 2022 Wages and salaries Social security costs Pension costs Total emoluments (remuneration and taxable beneffls) 398,810 16,108 6,031 420,949 345,549 13,736 5,098 364,383 No employees emoluments exceeded £60.000. The Trust considers its key management personnel comprise the trustees. No remuneration was paid to trustees in the year (2022-. Nil). Transactions with trustees Mr S N H¢xlgkinson MBE received £1,200 by way of a nominal allowance towards out of pocket expenses during the year. Mrs M Sanders. wife of Mr R Sanders who is a trustee was employed by the charity as family support woTker. The salary paid during the year amounted to £7,875. Mrs J Crichton, daughter of Mr S Hodgkinson MBE and sister of Mrs R Mellor who are trustees was employed by the charrty as a family support Worker. The salary paid during the year amounted to £17,865. Mrs S Wood. sister of Mrs L Hurlstone who is a trustee was employed by the charty as a youth and children's minister. The salary paid during the year amounted to £22,825. Mr G Wood, brother-in-law of Mrs L Hurlstone who is a trustee was employed by the charity as Assistant Manager in Words and Music. The salary paid during the year amounted to £15,880. 25
New Life Church Congleton Notes to the Financial Statements for the year ended 31 December 2023 11 Tanglble fixed assets Freehold Land & Buildings Building Improve- ments Equipment Fixtures Total Cost As at 1 January 2023 Additions Disposals At 31 December 2023 548,353 209.951 337,023 22,547 19.497 340.073 1,095,327 22,547 (19.497 1.098,377 548.353 209,951 Accumulated depreciation As at 1 January 2023 Disposals Charge for the year At 31 December 2023 186,411 173,008 275,502 {19,497) 16.353 272,358 634,921 (19.497} 36,452 651,876 12,218 198,629 7,881 180.889 Net book value At 31 December 2023 349,724 29,062 67,715 446,501 As at 1 January 2023 361.942 36.943 61,521 460,406 The property from which the charity operates is included at cost. The property's current value cannot be quantified as Ihis depends on the future possible use of the site. 12 Debtors: amounts falllng due withln one year 2023 2022 Gift Aid accrued income Prepayments Sundry debtors 36,161 3,128 30,209 4,134 39,289 34.343 13 Credltors: amounls falling due withln one year 2023 2022 Taxation and social security Other creditors Accruals Deferred income 5,252 5.510 5,899 24,278 5.736 4,910 12,579 40.939 23,225 14 Credltors: amounts falling due after more than one year 2023 2022 Bank loan 26
New Life Church Congleton Notes to the Financial Statements for the year ended 31 December 2023 15 Endowment funds Endowment funds represent the charity's propety vthich is the fellowship's pemianent place of worship. 2022 Balance Incoming Resources resources expended 2023 Balance Transfers Propety fund (cost) 222,705 222,705 Total 8ndowmont funds 222,705 222,705 This fund represents donations and grfts from church members together wth grants towards the purchase and extension of the church property which was previously rented. The implied condilions of donations and grants being that the church permanently function from this site. In accordance with the Statement of Recommended Practice ' Accounting by charIts, (SORP 2005) an endowmenl fund has been created. 16 Restricted funds The movements on the restricted funds of the charty were as follows: 2022 Incomlng Resources Balance resources expended 2023 Balance Transfers Church building fund Nursery facility improvement fund Charilies and missionaries fund Romanian children's home Ukrainian refugee support fund Church youth fund Church family fund Capit81 grants Caring ministry funds General Storehouse Furniture recycling Hardship fund Jubilee Club Dementia group Tools for love thy neighbour 983 2.513 226 35,150 9,214 9,180 3,496 226 36,706 7,176 17,697 6,083 8,952 9.100 4,527 10,990 583 2,512 17.756 10,632 9,636 1500) 39,020 37.661 4.250 322 19 613 33,226 40,180 4.250 322 19 5,794 41,869 54,388 (10,000} 888 1,016 82,906 156,424 154.415 {10,500 74,415 Transfers Transfers from restricted funds to unrestricted funds relate lo grants received lowards support cost expenditure which was incurred during the year. Therefore Ihe conditions of the grants have been met and the grant income was transferred into unrestricted funds. 27
New Llfe Church Congleton Notes to the Financlal Statements for the year ended 31 December 2023 17 Unrestricted funds 2022 Balance Incomlng Resources resources expended 2023 Balance Transfers Valuation reserve (Unrealised gain) Designated funds: Local evangelism account General fund 2.994 2.994 597,954 546.375 571,040 10.500 583,789 Total unrestricted funds 597,954 549,369 574,034 10,500 583,789 The local evangelism account represents monies intended to be used for the promotion of the charity wa evangelistic, civic and community events All funds are considered adequate to meet their intended purposes. 18 Analysis of net assets between funds Unrestricted funds Restricted Endowment funds funds Total funds Fund balances as at 31 December 2023 are represented by: Tangible fixed assets Current assets Creditors.. Amounts falling due within one year Amounts falling due in more than one year 478.797 473.594 222,705 446,501 475,347 74,415 (22,009) (40,939} Total net assets 583.789 74,415 222,705 880.909 19 Commltments There were no commitments for capital expendrture at the year end {2022: none). 20 Reconcillation of net movement in funds to net cash flow from operatlng activities 2023 2022 Net movement in funds Add back depreciation charge Deduct interest income shown on investing activiti'es Decrease (increase) in stock Decrease (increase) in debtors Increase Idecreasel in Creditors Net cash used in operating activities {22,656) 36,452 (1,362) (1,744) {4,946) 17,714 23,458 {26.817) 34,512 12231 3,670 2,552 1,216 14,910 28