Registered charity number 800178 New Life Assembly (Dulwich) Report and Financial Statements 31 December 2020 **New Life Assembly (Dulwich) Report and accounts Contents** ||**Page**| |---|---| |Charity information|1| |Trustees' report|2| |Independent examiner's report|7| |Statement of financial activities|8| |Statement of financial position|9| |Statement of changes in charitable funds|10| |Statement of cash flows|11| |Notes to the financial statements|12| |Detailed statement of financial activities|16| |Detailed income and expenditure account|17| ## **New Life Assembly (Dulwich) Charity Information** ## **Trustees** Pastor Lovel Bent (Presiding Apostle) Pastor Nehemiah Jess Mrs. Bernice Bent (Secretary) Mr. Wilbert Robinson Ms. Marie St-Hilaire Mrs. Deloris Williamson ## **Independent examiners** Jacksons First Floor, Albion House Albion Street Hull HU1 3TE ## **Bankers** Lloyds Bank 25 Gresham Street London EC2V 7HN ## **Registered office** 116 Poplar Road Herne Hill London SE24 0BP ## **Registered charity number** 800178 ## **Governing document** Constitution and rules dated 31 March 1988 1 **New Life Assembly (Dulwich) Registered charity number: 800178 Trustees' Report for the year ended 31 December 2020** The trustees present their report and financial statements for the year ended 31 December 2020. ## **Principal activities** The Charity's principal activity during the year continued to be as a church that promotes the Christian religion and to provide places of worship in conformity with its Statement of Doctrine. However, due to the COVID-19 pandemic, this was somewhat surpassed by the Charity’s work with the local community – in the form of social and financial care, as and when needed. ## **Objectives and activities** The objective of New Life Assembly (Dulwich), the "Charity", is to provide religious and charitable services to New Life Assembly, the "Church", and the local community;, to maintain church property and to organise conferences at various times and places. The New Life Assembly Fellowship believes strongly in taking on outreach activities, helping to care for and develop individuals in the community. It has an inclusive approach to helping people and understands that people have other needs in addition to practising their faith. In the community, education continues to be one of our core services. We have supported a supplementary school for many years by providing them with the use of our premises without charge. We also raise funds for the school and organise and finance youth service in the local community as well as summer camps and music workshops. We provide much needed pastoral care for the elderly and house-bound by visiting them on a weekly basis to offer care and support. Other on-going projects include: - providing food for the homeless; - financial aid to orphanages at home and overseas; - support for families of prisoners and prison visits to offenders; - provision of help for the sick in hospital; - work with the local community police in tackling gun crimes and gang issues; - support services such as debt counselling for those with financial worries; - run training courses on child protection issues, child safe-guarding, health and safety, risk assessments, NVQ 3 qualifications, business courses and counselling courses; and - development and management of a day nursery for the local community. We ensure that the staff and volunteers we use have the appropriate training and qualifications for the work they do. As in 2019, in 2020 we continued to try and raise funds to keep our supplementary school running. The school has been for more than 20 years now and many of its students have gone on to obtain tremendous A Level results and qualify for entry into university. Nevertheless, now that government funding has ceased, we need to find alternative ways of funding the school. 2 ## **New Life Assembly (Dulwich) Registered charity number: 800178 Trustees' Report for the year ended 31 December 2020** ## Activities We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set. We exist to serve all areas of our community which includes all age groups without discrimination. We strive to promote social welfare through the provision of facilities aimed at improving the social, physical and spiritual wellbeing of those in our local community. ## Our work includes: - providing regular public worship open to all; - providing sacred space for personal prayer and contemplation; - conducting pastoral work including visiting the sick and the bereaved; - teaching Christianity through sermons, courses and small groups; - counselling, fellowship or ‘one-to-one’ talks; and - • missions to Jamaica, the Philippines and other countries – as needed. The staff on hand therefore includes carers, social workers, doctors, solicitors etc. in order to accomplish this varied range of work. ## **Financial review** ## Principal sources of funding The largest contributions are from voluntary donations ("general offerings") by the Church's members. ## Financial review The Charity achieved a surplus of £22,242 for the financial year. At 31 December 2020, the Charity held £605,361 in unrestricted funds which is considered to be an appropriate level of funds to enable the Charity to pursue its objectives. ## Reserves policy The trustees believe that it would be advisable to hold sufficient cash reserve to provide working capital to cover seasonal fluctuations in its budgeted income and expenditure. When deciding the level of reserves, the Trustees take into consideration the forecasts for levels of income and expenditure for the coming year, the reliability of each source of income and the prospects for opening up new sources. The trustees have forecast the level of free reserves - those funds not tied up in fixed assets - that the charity will require to sustain its pastoral and evangelical obligations. The trustees consider that the most appropriate level of free reserves would be about six month’s worth of income. Whilst our actual free reserves may be less than this, it is the trustees’ view that it is prudent to work towards ensuring that there are sufficient free reserves to provide financial stability in the light of the charity’s dependence on freewill offerings. ## Investment policy The trustees have adopted a strong, socially responsible investment policy for the reserves of the charity. This policy, in tandem with the need to fulfil our statutory obligations, has the objective of investing in such a way that the principles of socially responsible investment are promoted. A further factor is the need to have the reserves readily available, as long-term funding cannot be guaranteed, so for the current period, we have kept surplus funds in the Charity's bank current accounts. 3 ## **New Life Assembly (Dulwich) Registered charity number: 800178 Trustees' Report for the year ended 31 December 2020** ## Risk management The trustees actively review, on a regular basis, the major risks that the Charity faces in maintaining reserves at the levels stated above, in addition to an annual review of the controls over key financial systems carried out through an internal audit process. The principal risks to the Charity have been its dependence on voluntary income and its need to safeguard and maintain its land and property portfolio. These matters are reviewed by the whole church in conference each year. The trustees have also examined other operational and business risks which we face and confirm that they have taken steps to mitigate the significant risks. ## **Structure, governance and management** ## Governing document The New Life Assembly (NLA) - also the "Church" - is an unincorporated charitable organisation formed on 31 March 1988. The organisation is governed by its Constitution and Rules dated 31 March 1988 supplemented by a Declaration of Trust dated 15 September 1988. ## Organisational structure The New Life Assembly is a connectional organisation made up of local churches and New Life Assembly (Dulwich) operates as a head office of sorts for NLA. The Board of Trustees supervises, in trust, all connectional property of the Church. At their regular meetings, the Trustees agree the broad strategy and areas of activity for the Church, including consideration of allocation of funds, investment, reserves and risk management policies and performance. The Board of Trustees transacts all routine business for the Charity not dealt with by local pastors and deacons and is subject only to the church fellowship as a whole (i.e. church members) which has final say in all financial matters. ## The Board consists of two offices: - Elders (who may be Overseers or Pastors) - Deacons and deaconesses The Elders elect a Presiding Elder from within their number to act as chairman in all Board of Trustees meetings. Deacons are chosen by the church [members] to oversee the business affairs of the church as directed by the Elders. The pastor is responsible for the day-to-day running of the local church and is an ex-officio member of the Board of Trustees and of all organisations and clubs of that church. ## _Appointments_ ## _Elders (Overseers and Pastors)_ The first Elders of a newly established local church are appointed by the pioneer workers or by the Elders of the church or churches from which they were sent. Subsequent Elders are appointed by the Trustees as Elders of that church subject to approval by the church fellowship. They hold office for as long as they remain scripturally qualified or until such a time as they voluntarily resign the office. 4 **New Life Assembly (Dulwich) Registered charity number: 800178 Trustees' Report for the year ended 31 December 2020** ## _Deacons_ Deacons are nominated by the church fellowship and elected by a 90% majority vote, cast by ballot. Their term of office is the same as that of the Elders. ## Recruitment and appointment of trustees The Board of Trustees is the primary legal body of New Life Assembly (Dulwich). New trustees may be appointed firstly by the church Deacons from within their number or, in the absence of a sufficient number of deacons to act as trustees, by the church fellowship. The minimum number of trustees permitted by the Constitution is three. Much of the charity's work focuses upon the promotion of the Christian religion and the running and maintenance of its places of worship as well as on overseas aid, mental health work, work with children, young people, orphanages, the homeless, senior citizens, mothers and toddlers, and the local community. The Board of Trustees seeks to ensure that the needs of these groups are appropriately represented by the members of the Board and so seek to maintain a body of trustees with diverse backgrounds. To enhance the potential pool of trustees, the charity has, through selective advertising and networking with voluntary organisations active in the sector, sought to identify those who would be willing to become members of the charity and so use their own experience to ## Trustee induction and training Many trustees are already familiar with the practical work of the charity as they are also active members of the church as well as involved in other churches and organisations. New trustees are encouraged to familiarise themselves with charity law, their responsibilities as trustees and with NLA church rules and practices. ## **Trustees** The following persons served as trustees during the year: Pastor Lovel Bent (Presiding Apostle) Pastor Nehemiah Jess Mrs. Bernice Bent (Secretary) Mr. Wilbert Robinson Ms. Marie St-Hilaire Mrs. Deloris Williamson ## **Trustees' responsibilities** The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the Charity and enable them to ascertain to ensure that the accounts comply with the Charities Act 2011 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the Charity and financial information included on the Charity’s website. 5 New Life Assembly (Dulwich) Registered charity number- 800178 Tru$tges' Report for the year ended 31 December 2020 Olsclo$ur¢ of information to independent exam*ners Each person was a trustee at the time this report was approved confimis that.. so lar as he is aware, there is no relevant infomiatson ol which Ihe charitys independent examiner is unaware: and he has taken all the steps that he ought lo have tsken as a trustee in order lo make himself awarg of any relevant examination infomialion and to establish that the charws independent examiner is aware of that information. This report Wds approved by the l*)ard on 18 January 2022 an(1 signed on Tts behalf. Pastor Lovel Bent Trustee **New Life Assembly (Dulwich) Independent Examiner's Report to the trustees of New Life Assembly (Dulwich)** I report to the trustees on my examination of the accounts of the above charity ('the Charity') for the year ended 31 December 2020 which are set out in pages 8 to 17. ## **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 (‘the Act’). I report in respect of my examination of the Charity’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 examiner’s statement** The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants of England and Wales. I have completed my examination. I confirm that no material matters have 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 the 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 fair’ view which is not a matter considered as part of an independent examination. I have no concerns 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. Mark Jackson (Independent examiner) for and on behalf of Jacksons Chartered Accountants First Floor, Albion House Albion Street Hull HU1 3TE 18 January 2022 7 ## **New Life Assembly (Dulwich) Statement of Financial Activities for the year ended 31 December 2020** |**Notes**
**Income from charitable activities**
2
Expenditure on charitable activities
**Net operating income**
Support costs
Governance costs
Other operating income
**Operating surplus**
3
Income from investments
Interest payable
5
**Movement in funds: Net income/(expenditure)**
**Reconciliation of funds**
Net movement in funds
Total funds brought forward
**Total funds carried forward**|**2020**
**£**
143,741
(69,324)
74,417
(80,659)
(7,229)
35,713
22,242
-
-
22,242
22,242
583,119
605,361|**2019**
**£**
215,288
(143,810)
71,478
(98,740)
(3,300)
59,500
28,938
187
(1,029)
28,096
28,096
555,023
583,119| |---|---|---| 8 New Life Assembly (Dulwich) Statement of Financial Position as at 31 December 2020 Notes 2020 2019 Flxed assets Tangible assets 564.139 564,983 Current assets Cash on deposit Cash at bank and in hand 5.793 40,409 46,202 5.793 17,886 23.679 Creditors.. amounts falllng due within one yèar (4.980) 15,543 Net current as$¢ts 41.222 18,136 Net assets 605.361 583.119 The funds of thè eharity Unrestricted funds 605.361 583,119 Total funds 605.361 583.119 Pastor Lovel Bent Trustee Approved by the t)oard on 18 January 2022 ## **New Life Assembly (Dulwich) Statement of Changes in Charitable Funds for the year ended 31 December 2020** _This schedule does not form part of the statutory accounts_ |**At 1 January 2019**
Income for the financial year
**At 31 December 2019**
**At 1 January 2020**
Income for the financial year
**At 31 December 2020**|**Other**
**reserves**
**£**
-
-
-
-
-
-|**Income and**
**Expenditure**
**account**
**£**
555,023
28,096
583,119
583,119
22,242
605,361|**Unrestricted**
**Funds**
**£**
555,023
28,096
583,119
583,119
22,242
605,361| |---|---|---|---| 10 ## **New Life Assembly (Dulwich) Statement of Cash Flows for the year ended 31 December 2020** |**Notes**
**Operating activities**
Profit for the financial year
Adjustments for:
Income from investments
Interest payable
Depreciation
Increase in creditors
Cash generated by operating activities
**Net cash generated**
Cash generated by operating activities
Net cash generated
Cash and cash equivalents at 1 January
Cash and cash equivalents at 31 December
Cash and cash equivalents comprise:
Cash at bank|**2020**
**£**
22,242
-
-
844
1,676
24,762
24,762
24,762
22,523
17,886
40,409
40,409|**2019**
**£**
28,096
(187)
1,029
-
-
28,938
28,938
28,938
28,938
(11,052)
17,886
17,886| |---|---|---| 11 **New Life Assembly (Dulwich) Notes to the Financial Statements for the year ended 31 December 2020** ## **1 Summary of significant accounting policies** ## _**Basis of preparation**_ The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. ## _**Income**_ The charity's main sources of income are in the form of donations (titled "Tithes" and "Offering") from members of New Life Assembly, the "Church", as well as deeds of covenant. All noninvestment income is shown gross and is accounted for when received by New Life Assembly (Dulwich), the "Charity". ## _**Tangible fixed assets**_ Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land and buildings, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Freehold buildings _nil_ Plant and machinery over 4 years, reducing balance depreciation Fixtures, fittings, tools and equipment over 5 years, straight-line depreciation Freehold properties are maintained by a programme of repair and refurbishment to ensure that the overall residual values of these properties will not fall below cost. In the opinion of the trustees, a depreciation charge is not appropriate. ## _**Debtors**_ Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. ## _**Creditors**_ Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. ## _**Taxation**_ The charity is exempt from taxation under sections 521 to 536 of the Income Tax Act 2007 (ITA 2007). ## _**Provisions**_ Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. ## _**Pensions**_ Contributions to defined contribution plans are expensed in the period to which they relate. 12 ## **New Life Assembly (Dulwich) Notes to the Financial Statements for the year ended 31 December 2020** |**2**
**Analysis of income from charitable activities**
Tithes and offerings
Gifts, donations and pledges
Gift aid
Other contributions
By geographical market:
UK
**3**
**Operating surplus**
This is stated after charging:
Depreciation of owned fixed assets
Carrying amount of stock sold
**4**
**Staff costs**
Wages and salaries
Social security costs
**Average number of employees during the year**
Administration
**5**
**Interest payable**
Other loans|**2020**
**£**
140,096
2,275
-
1,370
143,741
143,741
**2020**
**£**
844
28,709
**2020**
**£**
45,266
3,570
48,836
**Number**
3
3
**2020**
**£**
-|**2019**
**£**
159,004
14,471
41,813
-
215,288
215,288
**2019**
**£**
1,125
67,781
**2019**
**£**
46,522
-
46,522
**Number**
3
3
**2019**
**£**
1,029| |---|---|---| 13 ## **New Life Assembly (Dulwich) Notes to the Financial Statements for the year ended 31 December 2020** ## **6 Tangible fixed assets** |**Land and**
**buildings**
_At cost_
**£**
**Cost or valuation**
At 1 January 2020
561,608
At 31 December 2020
561,608
**Depreciation**
At 1 January 2020
-
Charge for the year
-
At 31 December 2020
-
**Carrying amount**
At 31 December 2020
561,608
At 31 December 2019
561,608
**7**
**Creditors: amounts falling due within one year**
Bank loans
Trade creditors
**8**
**Reserves**
**_Unrestricted funds_**
At 1 January
Profit for the financial year
At 31 December|**Plant and**
**machinery**
_At cost_
**£**
25,928
25,928
22,553
844
23,397
2,531
3,375|**Fixtures,**
**fittings,**
**tools and**
**equipment**
_At cost_
**£**
-
-
-
-
-
-
-
**2020**
**£**
-
4,980
4,980
**2020**
**£**
583,119
22,242
605,361|**Total**
**£**
587,536
587,536
22,553
844
23,397
564,139
564,983
**2019**
**£**
2,239
3,304
5,543
**2019**
**£**
555,023
28,096
583,119| |---|---|---|---| Unrestricted funds are available for use at the discretion of the trustees, in order to further the charity's objectives. ## **9 Related party transactions** The following payments were made to trustees, during the financial year, for pastoral services. This figure is included in Wages and Salaries. £ Pastor Lovel Bent (Presiding Apostle) 15,000 14 **New Life Assembly (Dulwich) Notes to the Financial Statements for the year ended 31 December 2020** ## **10 Presentation currency** The financial statements are presented in Sterling, rounded to the nearest pound (£). ## **11 Legal form of entity and country of incorporation** New Life Assembly (Dulwich) is an unincorporated charity limited by guarantee and registered with the Charity Commission for England and Wales. ## **12 Principal place of business** The address of the charity's principal place of business and registered office is: 116 Poplar Road Herne Hill London SE24 0BP 15 ## **New Life Assembly (Dulwich) Detailed Statement of Financial Activities for the year ended 31 December 2020** |**Income from charitable activities**
Tithes and offerings
Gifts, donations and pledges
Other contributions
**Expenditure on charitable activities**
Church: Missions
Church: Worship
Church: Youth and children
Church: Evangelism support
Church: Welfare and counselling
Gifts and donations
Catering and hospitality
**Net operating income**
Administrative expenses
Other operating income
**Operating surplus**
Income from investments
Interest payable
**Movement in funds: Surplus**|**2020**
**£**
140,096
2,275
1,370
143,741
(28,709)
(1,738)
(4,150)
(11,506)
(22,916)
-
(305)
(69,324)
74,417
(87,888)
35,713
22,242
-
-
22,242|**2019**
**£**
159,004
14,471
-
215,288
(67,781)
(2,534)
(2,652)
(27,360)
(18,710)
(21,735)
(3,038)
(143,810)
71,478
(102,040)
59,500
28,938
187
(1,029)
28,096| |---|---|---| 16 ## **New Life Assembly (Dulwich) Detailed Income and Expenditure Account for the year ended 31 December 2020** _This schedule does not form part of the statutory accounts_ |**Income and endowments from charitable activities**
Tithes and offerings
Gifts, donations and pledges
Gift aid
Other contributions
**Expenditure on charitable activities**
Church: Missions
Church: Worship
Church: Youth and children
Church: Evangelism support
Church: Welfare and counselling
Gifts and donations
Catering and hospitality
**Administrative expenses**
Support costs
Employee costs:
Wages and salaries
Employer's NI
Temporary staff and recruitment
Staff training and welfare
Travel and subsistence
Premises costs:
Rent
Rates
Light and heat
Cleaning
General administrative expenses:
Telephone and internet
Stationery and printing
Bank charges
Insurance
Software
Repairs and maintenance
Depreciation
Sundry expenses
Support costs|**2020**
**£**
140,096
2,275
-
1,370
143,741
28,709
1,738
4,150
11,506
22,916
-
305
69,324
45,266
3,570
129
737
(2,651)
47,051
-
(4,583)
16,844
-
12,261
3,963
1,326
630
4,762
624
6,224
844
2,974
21,347
80,659|**2019**
**£**
159,004
14,471
41,813
-
215,288
67,781
2,534
2,652
27,360
18,710
21,735
3,038
143,810
46,522
-
-
-
3,223
49,745
3,883
-
14,909
360
19,152
4,942
3,693
1,596
5,614
-
6,690
1,125
6,183
29,843
98,740| |---|---|---| 17 ## **New Life Assembly (Dulwich) Detailed Income and Expenditure Account for the year ended 31 December 2020** _This schedule does not form part of the statutory accounts_ |Governance costs
Legal and professional costs:
Independent examination fees
Other legal and professional fees
Governance costs
_Administrative expenses_
**Other operating income**
Nursery rent and maintenance costs
Other operating income|**2020**
**£**
1,760
5,469
7,229
87,888
35,000
713
35,713|**2019**
**£**
2,650
650
3,300
102,040
59,500
-
59,500| |---|---|---| 18