Registered number 800178 New Life Assembly (Dulwich) Report and Financial Statements 31 December 2023 **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|19| |Detailed Income and Expenditure Account|20| ## **New Life Assembly (Dulwich) Charity Information** ## **Trustees** Pastor Lovel Bent (Presiding Apostle) Pastor Nehemiah Jess Mr. Wilbert Robinson Ms. Marie St-Hilaire Mrs. Deloris Williamson ## **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 2023** The trustees present their report and financial statements for the Charity for the year ended 31 December 2023. 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: - 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. 2 ## **New Life Assembly (Dulwich) Registered charity number: 800178 Trustees' Report for the year ended 31 December 2023** ## 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 we 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: - 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. The Charity provides a safe working environment for visitors, members, workers and volunteers and any serious incidences are reported in accordance with our safeguarding policy. There were no serious incidents during the year ended 31 December 2023. ## Fundraising The Charity raises funds from the church congregation / church members in the form of donations as "tithes" and "offerings". 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 regard to its fundraising activities. ## Activities during the year The following activities were carried out during the year: - evangelism concerts; - Social Action; - pastoral care visits to the sick and elderly; - feeding the homeless; - overseas visits to orphanages and schools; - Christian church services; and - Youth Club meetings. 3 **New Life Assembly (Dulwich) Registered charity number: 800178 Trustees' Report for the year ended 31 December 2023** ## **Financial review** ## Principal sources of funding The largest contribution to the Charity is from voluntary donations ("tithes and general offerings") by the Church's members. ## Financial review The Charity incurred a deficit of £3,435 for the financial year. At 31 December 2023, the Charity held total funds of £894,525 – that is, £385,882 cash at the bank and in hand, £566,142 in the value of fixed assets, less creditors of £57,499. 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 in light of the Charity’s dependence on voluntary donations. ## 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 bank deposit and 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 detailed 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; and policies and procedures are in place to ensure compliance with health and safety regulations by, and for, staff, volunteers and visitors. The trustees have also examined other operational and business risks which the Charity faces and confirm that they have taken steps to mitigate any 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. 4 ## **New Life Assembly (Dulwich) Registered charity number: 800178 Trustees' Report for the year ended 31 December 2023** ## 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; and - 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. ## _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 were 30 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. 5 **New Life Assembly (Dulwich) Registered charity number: 800178 Trustees' Report for the year ended 31 December 2023** ## 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 2023. ## 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 the Charity's rules and practices. These cover: - the obligations of Trustee Board; - the operational framework for the Charity; - the current financial position and revenue generation; and - future plans and objectives. ## **Trustees** The following persons served as trustees during the year: Pastor Lovel Bent (Presiding Apostle) Pastor Nehemiah Jess Mr. Wilbert Robinson Ms. Marie St-Hilaire Mrs. Deloris Williamson ## Secretary Mrs. Bernice Bent 6 New Life Assembly {Dulwich) Registered charity number: 800178 Trust888' R8POrt for the year ended 31 December 2023 Trustees. responsibilities The Trustees are responslble for keeping accounting record8 whlch dlsclose wlth reasonablo a￿uraCY tha financial position of the Charty and enable them to ascertain to ensure that the accounls comply with the Charities Act 2011 and the provlslons of the trust deèd. Thay arg also responslble for safeguardlng the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and olher irregularfties. The TnJ8tees are responsible for the maintenanc8 and Intègrity of the Charity and finan¢lal Informatlon Includad on tha Charlly's website 8$ well as.. a) lo prepare financial statements which show a Imè and fair view., bl in preparing financial statgment$'. lil lo select suitable accounting pollcies and appty them on a conslslent basls., and Ili} to make judgements and estlmates that are prudent and reasonable: as well as cl to kaep propér acoounting racords. Dlsclosure of Informatlon to Independent examinors Each person who was a Irustee at the limo this reporl was approved confirms that., 80 far a8 he is awar6, th8r8 18 no rel6vanl audlt Information of which the Charlvs Independent examiner Is unaware,. and ha has taken all th@ steps that ha ought to have taken as a Iruslee Sn order to make himself aware of any relevant audit infomiation and to eslablish that th8 Charity'8 independent 8xamln8r Is awar8 of that Information. This report wa8 approved by the board on 22 Octobar 2024 and signed on thelr behalr. Paslor Lovel Bent Trusteo ## **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 2023 which are set out in pages 9 to 21. ## **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: - 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 (Senior Statutory Auditor) for and on behalf of Jacksons Chartered Accountants First Floor, Albion House Albion Street Hull HU1 3TE 22 October 2024 8 ## **New Life Assembly (Dulwich) Statement of Financial Activities for the year ended 31 December 2023** |**Notes**
**Income from charitable activities**
2
Expenditure on charitable activities
**Net operating income**
Administrative expenses
Other operating income
3
**Operating deficit**
4
Interest payable
7
**Movement in funds: Net expenditure**
**Reconciliation of funds**
Net movement in funds
Total funds brought forward
Total funds carried forward|**2023**
**£**
301,581
(93,321)
208,260
(238,391)
28,812
(1,319)
(2,116)
(3,435)
(3,435)
897,960
894,525|**_as restated_**
**2022**
**£**
391,875
(171,746)
220,129
(264,008)
25,750
(18,129)
-
(18,129)
(18,129)
916,089
897,960| |---|---|---| 9 New Llfe Assembly {Dulwlch) Registered charity number: 800178 statement of Financial Position as at 31 December 2023 as restated 2022 Notfrs 2023 Flx•d assets Tangible assets 566,142 $65,308 Current assets Cash on deposit Cash al bank 9,525 376,357 385,882 8,267 3g3.871 402,138 Crodltors: amounts falllng due within ono year 147,1881 149,5051 Net current assets 338,694 352.633 Total assets less current Ilabilities 904,836 917.941 Credltors: amounts falllng duo aft8r mor• than one year 10 110,311) (19,9811 Not assets 894,525 897,960 Capltal and r•iorve• Unreslricled funds 11 894,525 897,960 Total equlty 894,525 897.980 Pastor Lovel Bent Trustee Approved by the rd on 22 October 2024 and signed on their behalf. 10 ## **New Life Assembly (Dulwich) Statement of Changes in Charitable Funds for the year ended 31 December 2023** _This schedule does not form part of the statutory accounts_ |**At 1 January 2022**
Deficit for the financial year
**At 31 December 2022**
**At 1 January 2023**
Deficit for the financial year
**At 31 December 2023**|**Income and**
**Expenditure**
**account**
**£**
916,089
(18,129)
897,960
897,960
(3,435)
894,525|**_as restated_**
**Total**
**£**
916,089
(18,129)
897,960
897,960
(3,435)
894,525| |---|---|---| 11 ## **New Life Assembly (Dulwich) Statement of Cash Flows** ## **for the year ended 31 December 2023** |**Notes**
**Operating activities**
Loss for the financial year
Adjustments for:
Interest payable
Depreciation
Decrease in creditors
Interest paid
Cash used in operating activities
**Investing activities**
Payments to acquire tangible fixed assets
Cash used in investing activities
**Financing activities**
Repayment of loans
Cash used in financing activities
**Net cash used**
Cash used in operating activities
Cash used in investing activities
Cash used in financing activities
Net cash used
Cash and cash equivalents at 1 January
Cash and cash equivalents at 31 December
Cash and cash equivalents comprise:
Cash at bank|**2023**
**£**
(3,435)
2,116
1,765
(3,195)
(2,749)
(1,889)
(4,638)
(2,599)
(2,599)
(9,019)
(9,019)
(4,638)
(2,599)
(9,019)
(16,256)
402,138
385,882
385,882|**_as restated_**
**2022**
**£**
(18,129)
-
1,234
(46,949)
(63,844)
-
(63,844)
(3,035)
(3,035)
-
-
(63,844)
(3,035)
-
(66,879)
469,017
402,138
402,138| |---|---|---| 12 **New Life Assembly (Dulwich) Notes to the Financial Statements for the year ended 31 December 2023** ## **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. Donated goods and services are recorded at their expected cost. ## _**Expenditure**_ Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation 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% of the net book value 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). 13 ## **New Life Assembly (Dulwich) Notes to the Financial Statements for the year ended 31 December 2023** ## _**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. 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. The facts that support the conclusion of going concern are:- • on 31 December 2023, the Charity held £9,525 cash on deposit and £376,357 cash at bank. 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. ## _**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|**2023**
**£**
291,720
9,431
-
430
301,581
301,581|**_as restated_**
**2022**
**£**
320,325
39,088
26,292
6,170
391,875
391,875| |---|---|---| 14 ## **New Life Assembly (Dulwich) Notes to the Financial Statements for the year ended 31 December 2023** |**3**|**Analysis of other operating income**|**2023**|**2022**| |---|---|---|---| |||**£**|**£**| ||Nursery rent and maintenance costs|27,350|25,500| ||Other operating income|1,462|250| |||28,812|25,750| |**4**|**Operating deficit**|**2023**|**2022**| ||This is stated after charging:|**£**|**£**| ||Depreciation of owned fixed assets|1,765|1,234| |**5**|**Staff costs**|**2023**|**_as restated_**
**2022**| ||Wages and salaries|**£**
116,734|**£**
122,757| ||Social security costs|13,592|11,875| ||Other pension costs|1,075|-| |||131,401|134,632| ||1 employee received emoluments (excluding employer pension costs) of more than||£60,000.| ||**Average number of employees during the year**|**2023**|**2022**| ||Administration|4|4| ||Pastoral services|1|1| |||5|5| ## **6 Role played by general volunteers** Volunteers play a vital role in the running of the Charity and their contribution helps the Charity achieve its objectives. |**7**
**Interest payable**
Bank loans and overdrafts
Other taxes and social security costs|**2023**
**£**
1,889
227
2,116|**2022**
**£**
-
-
-| |---|---|---| 15 ## **New Life Assembly (Dulwich) Notes to the Financial Statements for the year ended 31 December 2023** |**8**
**Tangible fixed assets**
**Land and**
**buildings**
_At cost_
**£**
**Cost or valuation**
At 1 January 2023
561,608
Additions
-
At 31 December 2023
561,608
**Depreciation**
At 1 January 2023
-
Charge for the year
-
At 31 December 2023
-
**Carrying amount**
At 31 December 2023
561,608
At 31 December 2022
561,608
**9**
**Creditors: amounts falling due within one year**
Bank loans
Trade creditors
Other taxes and social security costs
Other taxes & social security costs: Interest payable
**10 Creditors: amounts falling due after one year**
Bank loans
**11 Funds**
At 1 January
Net expenditure for the financial year
At 31 December|**Plant and**
**machinery**
_At cost_
**£**
28,963
2,599
31,562
25,263
1,765
27,028
4,534
3,700
**2023**
**£**
9,670
3,515
33,329
674
47,188
**2023**
**£**
10,311
**2023**
**£**
897,960
(3,435)
894,525|**Total**
**£**
590,571
2,599
593,170
25,263
1,765
27,028
566,142
565,308
**_as restated_**
**2022**
**£**
9,019
3,192
36,847
447
49,505
**2022**
**£**
19,981
**_as restated_**
**2022**
**£**
916,089
(18,129)
897,960| |---|---|---| 16 ## **New Life Assembly (Dulwich) Notes to the Financial Statements for the year ended 31 December 2023** |**Reserves**
**_Restricted and unrestricted funds_**
At 1 January
_Unrestricted funds_
Net income for the financial year
_Unrestricted funds_
At 31 December
_Unrestricted funds_
_Total funds carried forward_|**2023**
**£**
897,960
(3,435)
894,525
894,525|**_as restated_**
**2022**
**£**
916,089
(18,129)
897,960
897,960| |---|---|---| Unrestricted funds are available for use at the discretion of the trustees, in order to further the charity's objectives. ## **12 Analysis of net assets between funds** |Fixed assets
Current assets
Current liabilities
Non-current liabilities|**Unrestricted**
**funds**
566,142
385,882
(47,188)
(10,311)
894,525|**Restricted**
**funds**
-
-
-
-
-|**2023**
**£**
566,142
385,882
(47,188)
(10,311)
894,525|**_as restated_**
**2022**
**£**
565,308
402,138
(49,505)
(19,981)
897,960| |---|---|---|---|---| ## **13 Prior year adjustments** The accounts have been adjusted as follows: • at 31 December 2022, the Charity had a bank loan of £29,000 that was incorrectly included in the 'Tithes and offerings' figure in the 2022 accounts and a deposit account balance of £8,267 that was erroneously omitted - the comparative 'Tithes and offerings' figure has therefore been decreased by the net difference of £20,733, the 'Cash on deposit' figure restated as £8,267, and the corresponding 'Creditors' figures (amounts due within one year and amounts due after one year) restated to £9,019 and £19,981 respectively (£29,000 total); and • at 31 December 2022, the Charity owed £37,294 in respect of 'Other taxes and social security costs' that was not recorded in the financial statements due to a delay in submitting payroll returns, because of difficulties in corresponding with HM Revenue and Customs - the comparative 'Wages and salaries' figure has therefore been increased by £37,293, and the corresponding 'Creditors' figures (amounts due within one year for 'Other taxes and social security costs' and 'Interest payable') restated to £36,847 and £447 respectively (£37,294 total). 17 ## **New Life Assembly (Dulwich) Notes to the Financial Statements for the year ended 31 December 2023** ## **14 Related party transactions** The following payments were made to trustees during the financial year. **£** Pastor Lovel Bent _Trustee_ 15,842 _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. ## **15 Presentation currency** The financial statements are presented in Sterling, rounded to the nearest pound (£). ## **16 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. ## **17 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 18 ## **New Life Assembly (Dulwich) Detailed Statement of Financial Activities** _also Income and Expenditure Account_ ## **for the year ended 31 December 2023** |**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 deficit**
Interest payable
**Movement in funds: Deficit**|**2023**
**£**
291,720
9,431
-
430
301,581
(32,182)
(18,155)
(1,277)
(13,314)
(10,852)
(11,979)
(5,562)
-
(93,321)
208,260
(233,965)
(4,426)
28,812
(1,319)
(2,116)
(3,435)|**2022**
**£**
320,325
39,088
26,292
6,170
391,875
(48,242)
(15,601)
(8,236)
(30,928)
(15,225)
(48,383)
(3,281)
(1,850)
(171,746)
220,129
(253,502)
(10,506)
25,750
(18,129)
-
(18,129)| |---|---|---| 19 ## **New Life Assembly (Dulwich) Detailed Income and Expenditure Account for the year ended 31 December 2023** |**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
Pensions
Employer's NI
Temporary staff and recruitment
Honoraria: Wages and salaries
Staff training and welfare
Travel and subsistence
Motor expenses
Premises costs:
Rent
Manse rent
Rates
Light and heat
Cleaning
General administrative expenses:
Telephone and internet
Stationery and printing
Subscriptions
Bank charges
Insurance
Equipment expensed
Software
Repairs and maintenance
Depreciation
Sundry expenses|**2023**
**£**
291,720
9,431
-
430
301,581
32,182
18,155
1,277
13,314
10,852
11,979
5,562
-
93,321
116,734
1,075
13,592
940
950
5,755
2,050
5,523
146,619
32,091
(7,200)
3,254
30,433
10
58,588
2,240
2,772
500
516
10,049
1,248
5,054
4,614
1,765
-
28,758|**2022**
**£**
320,325
39,088
26,292
6,170
391,875
48,242
15,601
8,236
30,928
15,225
48,383
3,281
1,850
171,746
122,757
-
11,875
274
-
5,194
6,827
2,056
148,983
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| |---|---|---| 20 ## **New Life Assembly (Dulwich) Detailed Income and Expenditure Account for the year ended 31 December 2023** |Support costs
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|**2023**
**£**
233,965
2,100
1,840
486
4,426
238,391
27,350
1,462
28,812|**2022**
**£**
253,502
1,800
2,266
6,440
10,506
264,008
25,500
250
25,750| |---|---|---| 21