## **North Derbyshire New Life Church** ## Annual Report Regarding the financial accounts of New Life Church for the year ending 31[st] July 2021 we can report that we had a significant drop in income due to the pandemic. This was mainly due to the loss of offerings as we could not meet and consequently there was a reduction in the Gift Aid that we could claim too. However, we were encouraged that tithes remained similar to the previous year despite the circumstances. The income from tithes was £84,743 but the offerings decreased from £15,486 to just £9,299. Gift Aid likewise decreased from £22,646 to £17,263. Firstly, as we go through the expenditure figures it becomes clear that because of the pandemic there has been a shift in certain spending categories as we worked to adjust to the needs of the church. Secondly, outgoings were reduced significantly as we were not paying for the hire of the meeting rooms in three locations. We are also encouraged that there has been an increase in the total funds carried forward to £52,333 which we will use carefully to sustain us in these uncertain times. Regarding the expenditure, once again the administration costs for the year were very low at £1,250 covering auditing, bank charges, printing, postage & stationary, while advertising was just £410. Due to the pandemic and lockdown expenditure dropped significantly in the categories of room hire, church family, meeting needs, food and catering, items for meetings, mileage, ministry gifts and outreach. Room hire costs dropped dramatically, of course, from £13,958 to just £390 and church family costs came down from £700 to £163 which included a series of small items such as garden plants There were no food and catering expenses or hospitality expenses at all. Items for meetings shows an outlay of £1,096 which is approximately half that of the previous year. We bought items such as online videos, lockdown trophies, badges, sanitiser, an Easter Bunny outfit used to deliver Easter eggs to homes and webcams to improve the quality of Zoom meetings. 1 Another portion of expenditure is accounted for with the wages of four people who are involved in the equipping and discipleship of people across three congregations now in Chesterfield, Alfreton and Clay Cross. There are three leaders and a Pastoral/administrative P.A. With lockdown restrictions, mileage costs dropped substantially to £771. Outreach outgoings dropped to £847 which includes ongoing support to Chesterfield Street & School Pastors. Ministry gifts came down from £7,635 to £5,950 as we had no visiting speakers. The outlay simply involved our tithe to Together ministries and a gift of £150 to Generation Builders. We saw extra spending in some categories though as we adjusted to the needs of the church in the pandemic, particularly in gifts to the needy, children’s ministry, music and there was still a large contribution to pastoral work. Regarding equipment, £1,247 was invested into laptops as we developed our technical ability on Zoom, and we also bought a printer. We gave gifts to those in need totalling £1,343 which included our monthly donation to Tear Fund and gifts to people within the church who were experiencing increased hardship due to the pandemic. Help given was mainly financial but also included food and clothing for those in need. We invested £872 into children’s work which included our regular donation to MAST (Matlock & Area School Trust), materials for children’s ministry, books and selection boxes at Christmas. We spent £1,998 on music and equipment which included a keyboard with stand, microphone and stands as we sought to prepare for post pandemic gatherings. In a new era of communication, we updated our website presence incurring costs of £951 for securing our domain name and updated website design. Once again, there was a high level of spending on pastoral work totalling £3,691 which included flowers, cards, Christmas gifts, help for businesses and gifts of computer tablets so no one would miss out on our meetings for financial reasons. The cost of subscriptions was £652 which includes our giving to Alfreton Churches Together, Christians Together for Chesterfield and Zoom subscription. 2 Regarding relief and oversees donations, we were delighted to give £4,602 which included a monthly gift to Compassion UK, gifts to Watoto (Uganda), Univida (Brasil), Sachibondu Hospital & School (Zambia), Open Heaven and Samaritan’s Purse. We have helped to provide learning resources for children unable to go to school, PPE equipment and the cost of three teachers’ salaries for a year. In summary, despite a reduction in income due to the pandemic plus the inability to meet and collect offerings we were able to adapt well by investing in people and meetings in a new way. We are so thankful to the church people for their continued, consistent giving. We have been able to keep the church on a firm financial footing while investing heavily in our primary purpose and have a healthy bank balance of around £52,000. It is with delight that we have been able to help people financially at this difficult time and to enable people to connect in new and different ways so that everyone might feel valued and included. We have been able to fulfil all obligations to our staff and we have been able to care for and to equip people for life and faith. We are aware that as we come out of the pandemic people’s priorities may have changed along with their employment situation and income. We are also aware of increasing financial burdens on people due to inflation and world markets. Therefore, we realise that the church income could fall in the next year and expenditure will rise as we gather. So, although this is a healthy bank balance, we will be wise in our spending as we assess the situation until we have a clearer financial picture for the year ahead. In other words, we will cut our cloth accordingly. We are very grateful for the ongoing giving into the church which indicates that people are on board with our primary purpose and allowed us to show the love and kindness of God to so many people and in so many ways. D V Bunting 3 North OÈ lju 2021 Balance Sheet Notes 2021 2020 Current Assets Cash Held Cufrenl Account DetM)sit Account Debtors & Prepayments 49,732 2,602 36.980 2.541 13 Total Current A88ets 52.334 39.521 LSabllltle8 Creditors 14 Total Liabilities Total Net A88ets 52.334 39.521 Represented by General Fund Brought fO￿ard Movement this year General Fund Total 39.521 12,813 52,334 10,806 28,715 39,521 16 Restricted Funds Brought forward Movement this year Restricted Funds Total 17.006 {17.006} Total Funds S2.334 39,521 Signgd on bghalf of Iho trustOOS Iolh March 2022 Page I N¢rth h1￿ NeWtifèCj￿rth Ur￿￿[LbÈ Statement of Financial Activities Notes 2021 2020 Incomlng Re8ource8 Eamed Income Voluntary Income Restricted Fund Income 111,466 126.545 Total Incoming Resources 111,466 126,545 Resources Used Administrats'on & Management Fundraising & Publicity Grants Restricted Fund Grants Towards our Primary Purpose 1,250 410 4.602 1.220 1,363 612 5,795 105.846 92.391 Total Rosources Used 98.653 114.836 Net Incoming I Ioutgoingl of Resources 12,813 11,709 Funds brought forward Unrestricted Restricted Total 39.521 10,806 17,006 27.812 39,521 Funds Carried Forward Unrestricted Reslricled Total 52.334 39,521 52.334 39,521 Page 2 North [* hi￿ Lir o Notes fomilng part of the financlal statements 1. Accounting Policies al These accounts have teen prepared in a¢¢ordance with AccountiThJ RewrhThJ by Charities- Statetnent of RecOM￿￿nded Practic8 ISORP FRS102I the Charilies Act 2011. bl These accounts are prepared on a Rwxpts ￿ Payments basis. 9ive a.true aThJ fair wew" of th8 state of affairs of Ihe charty. ¢1 Voluntary incime is re￿Ne(l by way of d(Mwtiorts arvj grfls from memters ofthe church and 15 induded in full in the SOFA when receivab￿. The valu8 of 5ervK8s prov#Jed by vdunte8rs has not b88n induded. dl IncomirvJ resources from the HMRC (Gift Abjl are i1￿￿d￿J Ihe SOFA Up(￿ r￿19t. el Bank dew)5rt interest is in accovnts when r8ceNed. Q Resources exF*Th*d are recc#3ni58d in the perithj in whith t￿Y a￿ paKI. 91 Liabilit*$ are ￿¢(>3n1$ed as $w) a$ Ihele is a ￿81 w ￿￿51￿1ct￿e obl￿￿ation cornmth.ry Ihe charity lo the expenditure. h) ResoLtrces 8XFeTrJed are anocated to the parhc*r ￿ti￿rtY where cost ￿l8¢e$ directly to that activity. il Tl* chartiy uJr￿￿tty has no fix&1 assets. Il Unr8slricled Fund5 are donabons frcffn the church rr*mbers. and are gift-aNY claimed on those donations, for th8 oty'ects of the charity without furlher sperAr￿d WiKX)se a￿1 ￿ available as general funds. kl Dèsynaled FurKts are unrestricted fu￿1$ ean￿ark￿l by th8 trust88s for particvkr purpc68S. 11 Restricted are lo ￿ ￿ed for SFecffic purposes as lakl down by the donor. Expendrture whi¢h meet5 these crilefia is char9ed to the fund with a fair allocation of managemenl arKI 5UPPOrt C051s 2021 2020 2. Earned Incom• Includ8s f88s charged for conlgfenc85 etc arKI othor sundry itwns i￿1￿￿11￿j rnter8St. 3. Voluntary Income Donations Gift Aid ReftJThJs Offerings Tjthes Bank Inter8St Received 17,263 9.299 84.783 22,646 15,486 87,511 111,468 126,$4S 4. Re$trl¢tsd Fund Income The Umbrella Project New Life18nite M02ambique Appeal Other Pate 3 w￿ff 1031 untsfor the 2021 2020 6. Admini8tratlon & Management AuditiThJ Bank Charges Church Olfi PrintiThJ, Post•38, Slation8ry 150 380 150 360 720 690 1.250 1.220 6. Fundrai$lng & Publieity Ad¥erti$in9 410 1,263 410 1.363 7. Grants Rel￿ & Oeveh)p¥nent O¥etseas Grants 4.eL12 612 4,602 612 B. Restrl¢ted Fund Grants The Umbrella Project 5.795 5.79S 9. Towards our Primary Purpose AccotrKxlation ind Room Hire Church Family EQuip￿Tht F¢xd & CalerirKJ Gifts to the Needy Hospilalty Insurance Items for rTWtiryJ5 Kids work Licence Mtleage Ministry Grfts Music & EqU￿￿t Outrea¢h P35toral Professional Fees Rep8irs & MainterwKe Safeguarding Sub5criplions SuThlry Telephone TeachiThJ Wages Websrte & Internet 389 163 1.247 13,958 700 1,343 1.201 852 2.178 201 872 771 7.635 92 1.288 3.760 3,691 129 652 216 955 129 68,940 69.6 951 92.391 105.846 Pa8e 4 North Oe hiie New Life Chj touiltsfortt artoaiju 2021 2020 10. Stsff Costs and Nurnber8 Slaff sala￿ & Wages 69.6 68.940 No emph)y88 receNed 8mc4um8nts ol Ihan £e￿.1￿￿) The ntynbers employed d¢Jrry the year. Calculat￿ on Ihe bas* cl f￿1 8quivaK8nts was 8$ follow$ Churth Ministws Adrninistrator 0.15 0.15 2.35 2.35 12. Tiusteg$ No trustee rece￿eS remu[￿ration or any ot￿r I￿￿5 fvcffj Charty b•"ng a trustee. Tt* Ihree church minister5. who are Irustee$. are paid accordire lo th8 Schedu￿ ouilined in note B abo¥e. 13. Debtorn & Prepayments NIA 14. Creditors WA 15. Insurance Th8 Charity has adequate Publ￿ Lk8ts'1ty I￿￿rar￿8. 16. Fund8 For operational purposes. the general fu￿￿$ a￿ desvJnate(l as fdlty¥s. Tithes 74.079 16,910 90,989 57,770 16,309 74,079 Mov8merbt Offerings 134.5581 14,0971 138.65SI 129.9581 14,6001 134.5581 Mov￿ent Total Carried forward 52.334 39,521 Pa8e 5 CHARITY (OMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of NORTH DERBYSHIRE NEW LIFE CHURCH On accounts for the year ended 31 JULY 2021 Charity no (if any) 700251 Set out on pages 1 to5 I report to the trustees on my examination of the accounts of the above charity ('the Trust.) for the year ended 3110712021. Responsibllltles and basis of report As the charitys trustees. you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (°the Acti. 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 Charity Commission under section 145(5){b) of the Act. Independent I have completed my examination. I confimi that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in. any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records: or the accounts did not comply with Ihe applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concems 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: Date: Name". ANDREW PAUL RUSSELL Relevant professional qualification{sl or body lif any): FMAAT . FFA Address: APR ACCOUNTANCY SERVICES LIMITED SHAN HOUSE. 8￿86 NORTH STREET, KEIGHLEY, BD213AF CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of NORTH DERBYSHIRE NEW LIFE CHURCH On accounts for the year ended 31 JULY 2021 Charity no lif anyl 700251 Set out on pages 1105 I report lo the trustees on my examination of the accounts of the above charity ("the Trust'l for the year ended 3110712021. Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'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 Charity Commission under section 145(5){b} of the Acl. Indopendent I have completed my examination. I confirm that no malerial matters have examiner's statement come lo my allenlion in connection with the examination which gives me cause to believe that in. any malerial respect.. the accounting records were not kept in accordance with section 130 of the Charities Act", or the accounts did not accord with the accounting records., or the accounts did not comply with the applicable requirements concerning the form and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair, view which is not a matter considered as part of an independent exarninalion. I have no concerns and have come across no other mallers in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. Signed: Date: Name: ANDREW PAUL RUSSELL Relevant professional qualif ication{sl or body lif any): FMAAT , FFA Address: APR ACCOUNTANCY SERVICES LIMITED SHAN HOUSE, 80-86 NORTH STREET, KEIGHLEY, BD213AF