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2022-12-31-accounts

Registered number 800178

New Life Assembly (Dulwich)

Report and Financial Statements

31 December 2022

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 18
Detailed Income and Expenditure Account 19

New Life Assembly (Dulwich) Charity Information

Trustees

Pastor Lovel Bent (Presiding Apostle) Pastor Nehemiah Jess Mr. Wilbert Robinson Ms. Marie St-Hilaire

Secretary

Mrs. Bernice Bent

Independent examiners

Jacksons Chartered Accountants 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 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 2022

The trustees present their report and financial statement for the Charity for the year ended 31 December 2022.

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.

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.

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.

2

New Life Assembly (Dulwich) Registered charity number: 800178 Trustees' Report for the year ended 31 December 2022

Public benefit

We have referred to the Charity Commission’s general guidance on public benefit when reviewing our aims 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 people in our community without discrimination. We strive to promote social welfare through the provision of facilities aimed at improving the social and physical wellbeing of those in our local community.

Our work includes:

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

Fundraising

The Charity raises funds from the public in the form of voluntary donations ("general offerings") from attendees of its Christian church services.

The Charity does not use the services of a professional fundraiser or commercial participator in the process of raising funds. Also, the Charity (or any person acting on its behalf) is not subject to any voluntary scheme for regulating fundraising, or voluntary standard for fundraising in respect of activities on behalf of the Charity.

The Charity (or any person acting on its behalf) has not received any complaints in regards to its fundraising activities.

Activities during the year

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

Sessions are facilitated by former London Division Basketball players and coaches.

3

New Life Assembly (Dulwich) Registered charity number: 800178 Trustees' Report for the year ended 31 December 2022

Led by a director with a in depth knowledge of music with many years of choral experience. They have a good ability to teach vocal techniques in gospel genre of music.

Session is facilitated by a co-ordinator with many years of choral experience as well as youth work and prior qualifications of working in a youth-based organisation. Facilitate opportunities for the choir to perform in the community and to promote equal and diverse message among the choir.

Facilitated by volunteers who have youth work experience through volunteer work and training at other organisations or work as teachers or as teaching assistants. Volunteers organise events which enable personal and career development.

Led by an organised individual who will organise a variety of events for the church and community. Call and connects with men and with others.

Co-ordinated by an organised individual who relates well to women and can works well with appropriate committees and within the church and community.

Classes are constructed and mostly facilitated by teachers and teaching assistants. Parents also help to lead pre-planned sessions. All volunteers are fully DBS checked.

Group facilitated by drama and dance specialist who are at degree and postgraduate level as well as those experienced in performance. Volunteers are DBS checked.

Financial review

Principal sources of funding

The largest contributions to the Charity were from voluntary donations ("general offerings") by the Church's members..

Financial review

The Charity achieved a surplus of £39,897 for the financial year. At 31 December 2022, the Charity held total funds of £955,986; £393,871 of which was cash at the bank and in hand. (The rest is the value of fixed assets, £565,307 less creditors of £3,192.) This, in all, is considered to be an appropriate level of funds to enable the Charity to pursue its objectives.

Reserves policy

The trustees have a forecast of the level of free reserves, (that is, those funds not tied up in fixed assets) that the Charity will require to sustain its day-to-day obligations. Whilst our actual free reserves may prove sufficient, it is the trustees’ view that it is prudent to maintain the forecasted level of reserves to allow for financial flexibility and stability.

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 ready access to our reserves, as long-term funding cannot be guaranteed, so for the current period, we have placed surplus funds in current accounts.

4

New Life Assembly (Dulwich) Registered charity number: 800178 Trustees' Report for the year ended 31 December 2022

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.

Internal control risks are minimised by authorisation procedures for all financial transactions. Policies and procedures are in place to ensure compliance with health and safety regulations and this being for staff, volunteers and visitors.

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:

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.

5

New Life Assembly (Dulwich) Registered charity number: 800178 Trustees' Report for the year ended 31 December 2022

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

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.

There was an average of 40 volunteers, excluding trustees, throughout the year who aided in the running of the Charity.

Remuneration policy

The Charity's remuneration policy is to set pay at or above the statutory minimum wage. Salaries are paid as a stipend – “a fixed regular sum paid as a salary or as expenses to a clergyman, teacher, or public official” – to help them offset expenses.

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 assist the Charity.

There were no new or additional trustees recruited in the year to 31 December 2022.

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.

6

Now Lrfe Assembty IDulwlch) Regislered charity number- 800178 Trustees, Report for th• yèar onded 31 December 2022 N8W tmst885 are encouraged to familiarise themselves with tharity law, Ih8ir responsibilities as trustses and W[￿ NLA church rubs and w8ctic&%. Tru8tees The folkwlng wrsons served as truste&8 during the Jpar.. Pastor Lovel B￿t (PresidlrKJ Ap)sllel Psstor Nehemiah Jess Mr. Wilbert Roblnson Ms. Mari8 St-Hllair8 Sefftta rs. Bgmice Bent Tru5toes' responslbiliti8s Tho Trustees are responsibkg for keepiro accounling reccKds which dlsdose wth reasonabl8 accuracy the financl81 position of the Charity and èftable them to ascertain to ensur8 that the accounts compty with thè Charities Act 2011 aThY the woMsions of th8 tmsl dged. They a￿ aL80 responsible for safeguarding the assels of the Charity and hence for taking reasonable staps for the prevenuon and deteclion of fraud and other irregu&r1t￿. The Trustèes arè resp)nsible for tho Maintenan￿ aNI iniegrlty of the Charity and flnandal inforn)alion included on the Charitys website as well as: al to pr8par8 financial statements which sts)w a a￿1 fair vievr, bl in prepariro fina￿la1 statomenls.. 11} to 8el8ct suitable aci>Juntiro policies and aptAy them on a (#)nsistenl basls. and {iil to make judgements and estimates that ar8 pNdent and reas0r1ab￿. as well as cl to keep prcper account1r￿ r8cords. Dlsclosure of Inforn￿lIon to Independont exaffllners Each pefson who vras a trustee at the time this repjrt vrd$ ap[M￿ confims that SD far 8s he is aware, there 15 no rdevant audit infonnation of ￿1¢h the Charivs ind8pendenl 8xaminer is unavrdre., and he has taken all the steps that he ¢)ught to have taken as a trustee in order to make himseir aware of any relevant audit infomiation and to establish that th8 Chariws independant examiner is oware of th81 lnfc*mati￿. This report Wds approved by the fThrd on 17 November 2023 arvj sNJned on its b8half. Pastor Lovel Bent Truslee

New Life Assembly (Dulwich) Independent Examiner's Report to the members 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 2022 which are set out in pages 1 to 20.

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.

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.

Independent examiner’s statement

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 (Senior Statutory Auditor)

for and on behalf of Jacksons Chartered Accountants First Floor, Albion House Albion Street Hull HU1 3TE

17 November 2023

8

New Life Assembly (Dulwich) Statement of Financial Activities for the year ended 31 December 2022

Notes
Income from charitable activities
2
Expenditure on charitable activities
Net operating income
Administrative expenses
Other operating income
Operating surplus
3
Movement in funds: Net income
Reconciliation of funds
Net movement in funds
Total funds brought forward
Total funds carried forward		 2022
£
412,608
(171,746)
240,862
(226,715)
25,750
39,897
39,897
39,897
916,089
955,986		 2021
£
356,555
(68,787)
287,768
(307,150)
76,018
56,636
56,636
56,636
859,453
916,089

9

New Llfo Assombly (Dulwi¢h) Statemenl of Flnancial Position as at 31 December 2022 Notes 2022 2021 Flxed assots TangIb￿ assets 565,307 $63,506 Current assets Cash al bank 393,871 402,724 Credftors: amounts lalllng du8 within one year 13.192) 150.141) Not current assets 39),679 352.583 Not a888ts 916.089 Capltal and rgserves Unrestricted funds 916.089 Total equlty 916.089 Pastor Lovel Bent Trustee Approved oard on 17 November 2023 10

New Life Assembly (Dulwich) Statement of Changes in Charitable Funds for the year ended 31 December 2022

This schedule does not form part of the statutory accounts

At 1 January 2021
Surplus for the financial year
At 31 December 2021
At 1 January 2022
Surplus for the financial year
At 31 December 2022		 Income and
Expenditure
account
£
859,453
56,636
916,089
916,089
39,897
955,986		 Total
£
859,453
56,636
916,089
916,089
39,897
955,986

11

New Life Assembly (Dulwich) Statement of Cash Flows

for the year ended 31 December 2022

Notes
Operating activities
Profit for the financial year
Adjustments for:
Depreciation
Decrease in creditors
Cash (used in)/generated by operating activities
Investing activities
Payments to acquire tangible fixed assets
Cash used in investing activities
Net cash (used)/generated
Cash (used in)/generated by operating activities
Cash used in investing activities
Net cash (used)/generated
Cash and cash equivalents at 1 January
Cash and cash equivalents at 31 December
Cash and cash equivalents comprise:
Cash at bank		 2022
£
39,897
1,234
(46,949)
(5,818)
(5,818)
(3,035)
(3,035)
(5,818)
(3,035)
(8,853)
402,724
393,871
393,871		 2021
£
56,636
633
(633)
56,636
56,636
-
-
56,636
-
56,636
346,088
402,724
402,724

12

New Life Assembly (Dulwich) Notes to the Financial Statements for the year ended 31 December 2022

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

All income is recognised in the Statement of Financial Activities once the Charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.

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, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant and machinery at a rate of 25% per year, over 5 years

Depreciation is not provided on freehold buildings because the residual value of the buildings at the end of their useful life is expected to be higher than its cost or valuation.

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.

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.

13

New Life Assembly (Dulwich) Notes to the Financial Statements for the year ended 31 December 2022

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Going concern

The accounts have been prepared on the going concern basis, which assumes that the Charity will be in operational existence twelve months from the date of approval of these accounts. The trustees are satisfied that this basis is appropriate.

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

Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

Government grants

The accrual model (FRS 102 24.5C-G) was applied in producing these accounts; therefore grants were recognised as either relating to revenue (over the period in which the Charity recognises the related costs for which the grant was intended to compensate) or relating to assets (over the expected useful life of the asset).

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		 2022
£
341,058
39,088
26,292
6,170
412,608
412,608
2022
£
1,234		 2021
£
283,084
44,912
26,819
1,740
356,555
356,555
2021
£
633

14

New Life Assembly (Dulwich) Notes to the Financial Statements for the year ended 31 December 2022

4
Staff costs
Wages and salaries
Social security costs		 2022
£
85,464
11,875
97,339		 2021
£
133,884
26,474
160,358

No employees received emoluments (excluding employer pension costs) of more than £60,000.

Average number of employees during the year
Administration
Pastoral services		 Number
4
1
5		 Number
4
1
5

5 Role played by general volunteers

Volunteers play a vital role in the running of the Charity and their contribution helps achieve the Charity its objectives.

6 Tangible fixed assets

Land and
buildings
At cost
£
Cost or valuation
At 1 January 2022
561,608
Additions
-
At 31 December 2022
561,608
Depreciation
At 1 January 2022
-
Charge for the year
-
At 31 December 2022
-
Carrying amount
At 31 December 2022
561,608
At 31 December 2021
561,608
7
Creditors: amounts falling due within one year
Trade creditors
Other taxes and social security costs		 Plant and
machinery
At cost
£
25,928
3,035
28,963
24,030
1,234
25,264
3,699
1,898
2022
£
3,192
-
3,192		 Total
£
587,536
3,035
590,571
24,030
1,234
25,264
565,307
563,506
2021
£
7,560
42,581
50,141

15

New Life Assembly (Dulwich) Notes to the Financial Statements for the year ended 31 December 2022

8
Funds
At 1 January
Net income for the financial year
At 31 December		 2022
£
916,089
39,897
955,986		 2021
£
859,453
56,636
916,089

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

9 Analysis of net assets between funds

Fixed assets
Current assets
Current liabilities		 Unrestricted
funds
565,307
393,871
(3,192)
955,986		 Restricted
funds
-
-
-
-		 2022
£
565,307
393,871
(3,192)
955,986		 2021
£
563,506
402,724
(50,141)
916,089

10 Related party transactions

The following payments were made to trustees during the financial year.

£

Pastor Lovel Bent (Presiding Apo Trustee 15,000 Wages and salaries for pastoral services

No other trustees claimed expenses or had their expenses met by the Charity.

The legal authority under which the above payments were made was the Charity's governing document.

11 Presentation currency

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

12 Legal form of entity and country of incorporation

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

16

New Life Assembly (Dulwich) Notes to the Financial Statements for the year ended 31 December 2022

13 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

17

New Life Assembly (Dulwich) Detailed Statement of Financial Activities

also Income and Expenditure Account

for the year ended 31 December 2022

Notes
Income from charitable activities
Tithes and offerings
2
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
Net operating income
Administrative expenses
Support costs
Governance costs
Other operating income
Operating surplus
Movement in funds: Surplus		 2022
£
341,058
39,088
26,292
6,170
412,608
(48,242)
(15,601)
(8,236)
(30,928)
(15,225)
(48,383)
(3,281)
(1,850)
(171,746)
240,862
(216,209)
(10,506)
25,750
39,897
39,897		 2021
£
283,084
44,912
26,819
1,740
356,555
(32,255)
(2,513)
(2,917)
(12,721)
(7,700)
(9,070)
(1,311)
(300)
(68,787)
287,768
(294,210)
(12,940)
76,018
56,636
56,636

18

New Life Assembly (Dulwich) Detailed Income and Expenditure Account for the year ended 31 December 2022

Income 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
Motor expenses
Premises costs:
Rent
Manse rent and maintenance costs
Rates
Light and heat
Cleaning
General administrative expenses:
Telephone and internet
Stationery and printing
Bank charges
Insurance
Equipment expensed
Equipment hire
Software
Repairs and maintenance
Depreciation
Sundry expenses
Support costs		 2022
£
341,058
39,088
26,292
6,170
412,608
48,242
15,601
8,236
30,928
15,225
48,383
3,281
1,850
171,746
85,464
11,875
274
5,194
6,827
2,056
111,690
19,814
(6,990)
3,330
16,115
233
32,502
1,713
889
928
8,296
884
-
6,959
45,853
1,234
5,261
72,017
216,209		 2021
£
283,084
44,912
26,819
1,740
356,555
32,255
2,513
2,917
12,721
7,700
9,070
1,311
300
68,787
133,884
26,474
154
1,785
7,675
-
169,972
21,405
(6,750)
3,197
9,073
-
26,925
2,935
2,920
621
9,604
4,598
95
4,413
63,322
633
8,172
97,313
294,210

19

New Life Assembly (Dulwich) Detailed Income and Expenditure Account for the year ended 31 December 2022

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		 2022
£
1,800
2,266
6,440
10,506
226,715
25,500
250
25,750		 2021
£
2,400
960
9,580
12,940
307,150
41,054
34,964
76,018

20