North Derbyshire New Life Church
Annual Report
Regarding the financial accounts of New Life Church for the year ending 31st July 2023 we can report a significant rise in income from £96,987 to £108,800 partly due to an increase in Gift Aid which was submitted late and so is included in this financial year and partly due to an increase in offerings.
Whilst the tithe remained the same at £71,752 Gift Aid increased to £17,333 and it was encouraging to see the offerings increase from £13,546 to £19,614.
In regards to expenditure our total expenditure our total outgoings increased from £99,715 to £110,346. Once again the administration costs for the year were very low as we have no offices but work from home. £1,226 was spent covering auditing, bank charges, printing, postage & stationary, while advertising was just £894.
Room hire costs rose from £12,068 to £18,031 due to increased meeting in person events and mileage costs went up to £2,421.
Items for meetings shows an outlay of £744 which included bread, wine, Easter videos, Mothers’ Day flowers Fathers’ Day chocolates, coronation flags and refreshments.
No costs were incurred in the category of Music, however Outreach expenditure nearly doubled from £535 to £1,052 as we gave gifts to Street Pastors, produced gospel tracts, evangelism and coronation booklets
There were no costs incurred in the categories of Food & Catering as the church people have contributed collectively. However we spent £490 on Pastoral Care including flowers cards and gifts to those in need.
£1,825 spent on Equipment included P.A. speakers and 3 gazebos that we use for outreach purposes.
The Ministry Gift of £7,631 was our tithe to Together Ministries Together Ministries oversee and help a number of churches. The increase from £6,100 was partly due to making up a shortfall in the previous year.
We invested £484 into children’s work for craft supplies, bibles, selection boxes Easter eggs and our regular donation to MAST (Matlock & Area School Trust) who minister into local schools.
The cost of Subscriptions was £817 which includes our giving to Alfreton Churches Together, Christians Together for Chesterfield and Zoom subscription, Microsoft Office and 2 year Anti-Virus cover. There was also a £216 investment into the website for IT support.
The £1,116 for Relief and Oversees donations included £500 towards Covenant College and £200 for Compassion UK. Also a special offering for the Turkey Earthquake appeal raised £1,660 which was sent out to the organisation.
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. The wages bill totalled £71,748
In summary, we are pleased that the year saw an increase in our income. We have been able to keep the church on a firm financial footing while still investing heavily in our primary purpose and having a healthy bank balance of around £41,020.
We are very grateful for the ongoing faithful giving into the church which indicates that people are on board with our vision to show the love and kindness of God to people within the church and our community.
D V Bunting
North Derbyshire New Life Church
Balance Sheet Cash H¥hJ 42,305 2.3 2.624 12 13 T¢*al LIthHII•• 44901 13.8881 41.020 (7.42ei G•n•ral Fund Total 15 Total Fund• 41
2022 Vonty Inc(rfT 108,800 96,987 110M•O Fundrai8iTrJ 8 894 2,396 1.116 1,660 110,346 99.715 114341 10V13 {3.8881 17.4261 52.334 52.334 $2,334 Fund• Canl•d Fomnl UnrestriLled Totsl
2.74) 17.333 19.614 71.752 zi 13.548 71 TUrktyAl P¥e3
2023 2022 150 140 •94 1.116 18.031 157 1.825 12.ojg Cthurch F*thf 744 1.127 724 1421 7.831 6,IrAJ l.T 145 817 1S8 129 Tr8inWJ 71.748 216 71,076 1tOJ46 .718 P4e4
2022 71.748 71.¢176 0.15 0.15 135 11. TnMI• WA WA 1&Fw 9).758 . 94.047 90.758 45.8501 (3865$> 17.1771 17.7951 (S32?) 145.8501 41.020 44901 Pw5
North Derbyshtre New Life CIAKch
CHARITY COMMISSION FOR AND WALES Independent examinerfs report on the accounts Section A Independont Examincr s Report NORTh CERBYSHIRE NEW LIFE CHURCH 31 JULY 2023 Charlty no (If any) 7LX)251 1to5 I reF to the trustees my examination ofthe accounts of the above chwity (Ihe Trusfi for ttk year ended 31107r2023. bA8ls of report accounts m atrxyd th the requirem ofthe Charths Act 2011 llhe W. I rewt in respect of my examination of the Twsl's account$ out urwjer sed1 145 d the 2011 Ad and in Ca1n9 Ixrt my examination, I follcMd all the apKable Directions given by thg Charty Comm51 sela1 1495)(b) of A Indepndent I have ecrfnFd my exaMatiOn. I that no maten.al matter5 h cause to b8lieN that in. any malen'al respecl.. of the Charilies Ad: or th8 accounts dMI not comply with thg appbcable requirements corKemry the fomi and c4Yrtent of aOunt5 set (Mjt in the Charits (Actnts and Repc¥is) Regulations 2CK)8 thher than any requirement that the accounts giwa a In and fairf view whth is not a matter OMKlered as part of an independwrt examin81ion. vath the exninatiw to att¢nbon should be drawn in this report in order to enable a woper uThJerstandiryJ of accounts to be reachwj. ANDREW PAUL RUSSELL Rèlevant pyof•Mlonal qu•lfficattorf8) or body Ill anyl." FKiiAT, FFA APR ACCOUNTANCY SERVICES LIMITED SbLAN HOUSE. 8fy86 NORTH STREET. KEIGHLEY. BD213AF