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2021-12-31-accounts

Registered charity number 800178

New Life Assembly (Dulwich)

Report and Financial Statements

31 December 2021

New Life Assembly (Dulwich) Report and accounts Contents

Page
Charity information 1
Trustees' report 2
Independent examiner's report 8
Statement of financial activities 9
Statement of financial position 10
Statement of changes in charitable funds 11
Statement of cash flows 12
Notes to the financial statements 13
Detailed statement of financial activities 17
Detailed income and expenditure account 18

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

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 2021

The trustees present their report and consolidated financial statements for the year ended 31 December 2021.

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:

We ensure that the staff and volunteers we use have the appropriate training and qualifications for the work they do.

Public benefit

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.

2

New Life Assembly (Dulwich) Registered charity number: 800178 Trustees' Report for the year ended 31 December 2021

Our work includes:

The staff on hand therefore includes carers, social workers, doctors, solicitors etc. in order to accomplish this varied range of work.

Activities

The Charity’s on-going projects/activities include:

3

New Life Assembly (Dulwich) Registered charity number: 800178 Trustees' Report for the year ended 31 December 2021

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 £310,727 for the financial year. At 31 December 2021, the Charity held total funds of £916,088 of which £402,723 was cash at the bank and £563,506 was the value of fixed assets. This 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.

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.

4

New Life Assembly (Dulwich) Registered charity number: 800178 Trustees' Report for the year ended 31 December 2021

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:

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.

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.

Volunteers

Volunteers play a vital role in the Charity achieving its goals - every facet of charitable work New Life Assembly (Dulwich) undertakes is only accomplished with the help of volunteers. From ushers during church services to the cleaning up and basic upkeep of the church premises, volunteers facilitate all of the Charity's work and, as stated above, there are many activities the Charity holds that require skilled volunteers.

5

New Life Assembly (Dulwich) Registered charity number: 800178 Trustees' Report for the year ended 31 December 2021

There were 114 volunteers throughout the year who aided in the running of the Church.

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

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 as well as:

6

New Llfe Assembly (Dulwich) Registered charity number: 800178 Trustees. Report for the year ended 31 December 2021 Dlsclosure of Inforniatlon to Independent examlners Each person who was a Iruslee at the time this report was approved eonfims that.. so far as he is aware, there is rKJ relevant infomation of which the Charitys independenl examiner is unaware., and he has taken all the steps that he oughl to have taken as a trustee in order to make himself aware of any relevant examination information and to establish that the Charitys independent examiner is awarg of that infomation. This re rt was approved by the board ￿ 10 November 2022 and signed on ils 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 2021 which are set out in pages 9 to 19.

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

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:

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

10 November 2022

8

New Life Assembly (Dulwich) Statement of Financial Activities for the year ended 31 December 2021

Notes
Income from charitable activities
2
Expenditure on charitable activities
Net operating income
Support costs
Governance costs
Other operating income
Operating surplus
3
Movement in funds: Net income/(expenditure)
Reconciliation of funds
Net movement in funds
Total funds brought forward
Total funds carried forward		 2021
£
610,647
(68,787)
541,860
(294,211)
(12,940)
76,018
310,727
310,727
310,727
605,361
916,088		 2020
£
143,741
(69,324)
74,417
(80,659)
(7,229)
35,713
22,242
22,242
22,242
583,119
605,361

9

New Life Assembly (Dulwich) Statemenl of Financial Position as al 31 December 2021 Notes 2021 2020 Flxed assets Tangible assets 563.506 564,139 Current assets Cash on deposit Cash at bank and in hand 5.793 40,409 46.202 402,723 402.723 Creditors: amounts falling due within one yoar {50,1411 14,980} Net current assets 352,582 41,222 Net assets 916,088 605,361 The funds of the charity Unreslricled funds 916.088 605,361 Total funds 916.088 605.361 astor Lovel Bent Trustee Approved by the board on 10 November 2022 10

New Life Assembly (Dulwich) Statement of Changes in Charitable Funds for the year ended 31 December 2021

This schedule does not form part of the statutory accounts

At 1 January 2020
Income for the financial year
At 31 December 2020
At 1 January 2021
Income for the financial year
At 31 December 2021		 Income and
Expenditure
account
£
583,119
22,242
605,361
605,361
310,727
916,088		 Unrestricted
Funds
£
583,119
22,242
605,361
605,361
310,727
916,088

11

New Life Assembly (Dulwich) Statement of Cash Flows

for the year ended 31 December 2021

Notes
Operating activities
Profit for the financial year
Adjustments for:
Depreciation
Increase in creditors
Cash generated by operating activities
Financing activities
Repayment of loans
Cash used in financing activities
Net cash generated
Cash generated by operating activities
Cash used in financing 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		 2021
£
310,727
633
45,161
356,521
356,521
-
-
356,521
-
356,521
46,202
402,723
402,723		 2020
£
22,242
844
1,676
24,762
24,762
(2,239)
(2,239)
24,762
(2,239)
22,523
23,679
46,202
46,202

12

New Life Assembly (Dulwich) Notes to the Financial Statements for the year ended 31 December 2021

1 Summary of significant accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice (SORP): 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 102) and the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

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

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).

Fund accounting: restricted and unrestricted funds

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

13

New Life Assembly (Dulwich) Notes to the Financial Statements for the year ended 31 December 2021

Restricted funds can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Going concern

The accounts have been prepared on the going concern basis, which implies that the Trustees believe the Charity will be in operational existence twelve months from the date of approval of these accounts.

There are no material uncertainties.

Provisions

Provisions (i.e. 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.

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		 2021
£
537,176
44,912
26,819
1,740
610,647
610,647
2021
£
633
32,255
2021
£
133,884
26,474
160,358		 2020
£
140,096
2,275
-
1,370
143,741
143,741
2020
£
844
28,709
2020
£
45,266
3,570
48,836

14

New Life Assembly (Dulwich) Notes to the Financial Statements for the year ended 31 December 2021

The following employees received emoluments of more than £60,000:

2021
£
Ruthlyn O. Bradshaw
69,075
Average number of employees during the year
Administration
5
Tangible fixed assets
Cost or valuation
At 1 January 2021
At 31 December 2021
Depreciation
At 1 January 2021
Charge for the year
At 31 December 2021
Carrying amount
At 31 December 2021
At 31 December 2020
6
Creditors: amounts falling due within one year
Trade creditors
Other taxes and social security costs
7
Reserves
Unrestricted funds
At 1 January
Profit for the financial year
At 31 December		 Land and
buildings
At cost
£
561,608
561,608
-
-
-
561,608
561,608		 Number
3
3
Plant and
machinery
At cost
£
25,928
25,928
23,397
633
24,030
1,898
2,531
2021
£
7,560
42,581
50,141
2021
£
605,361
310,727
916,088		 Number
3
3
Total
£
587,536
587,536
23,397
633
24,030
563,506
564,139
2020
£
4,980
-
4,980
2020
£
583,119
22,242
605,361

15

New Life Assembly (Dulwich) Notes to the Financial Statements for the year ended 31 December 2021

Unrestricted funds are available for use at the discretion of the trustees, in order to further the charity's objectives.

8 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.

----- Start of picture text -----
£
Pastor Lovel Bent (Presiding Apostle) Trustee 15,000
----- End of picture text -----

No other trustee expenses were incurred in the year.

9 Presentation currency

The financial statements are presented in Sterling, rounded to the nearest pound (£).

10 Legal form of entity and country of incorporation

New Life Assembly (Dulwich) is an unincorporated charity, registered with the Charity Commission for England and Wales.

11 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

16

New Life Assembly (Dulwich) Detailed Statement of Financial Activities for the year ended 31 December 2021

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
Movement in funds: Surplus		 2021
£
537,176
44,912
1,740
610,647
32,255
2,513
2,917
12,721
7,700
9,070
1,311
(68,787)
541,860
(307,151)
76,018
310,727
310,727		 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

17

New Life Assembly (Dulwich) Detailed Income and Expenditure Account for the year ended 31 December 2021

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
Other direct costs
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:
Rates
Light and heat
General administrative expenses:
Telephone and internet
Stationery and printing
Bank charges
Insurance
Equipment expensed
Equipment hire
Computers and software
Repairs and maintenance
Depreciation
Sundry expenses
Support costs		 2021
£
537,176
44,912
26,819
1,740
610,647
32,255
2,513
2,917
12,721
7,700
9,070
1,311
300
68,787
133,884
26,474
154
1,785
14,875
177,172
10,652
9,073
19,725
2,935
2,920
621
9,604
4,598
95
4,413
63,322
633
8,173
97,314
294,211		 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

18

New Life Assembly (Dulwich) Detailed Income and Expenditure Account for the year ended 31 December 2021

This schedule does not form part of the statutory accounts

Governance costs
Legal and professional costs:
Independent examination fees
Accountancy fees
Other legal and professional fees
Governance costs
Administrative expenses
Other operating income
Nursery rent and maintenance costs
Other operating income		 2021
£
2,400
960
9,580
12,940
307,151
41,054
34,964
76,018		 2020
£
1,760
-
5,469
7,229
87,888
35,000
713
35,713

19