New Llfe Mlnlstrles Trustee￿ Annual report and Statement of Receipts and Payments and Assets and Uabllltles Year ended 31 May 2021 Charity number 100957 New Llfe MinlstrlesTrust Page I Contents Pa8es References anil administrative details of'the Charity Trustees, report Independent Examiners Report to the Trustees Receipts and payments account Statement of assets and liabilities Note5 to the financial statements New Life Mlnlstrles Trust Page 2 References and admlnistratlve details Year ended 31 May 2021 Charity Name: New Life Ministries Charity Registration Number.. 100957 Contact Address.. 20 Lowtown Road, Waringstown, Craigavon, County Armagh Trustees M Collett J McKinney NHart Independent Examlner Barry Thompson and Company Chartered Accountants and Registered Auditots 76-78 Church Street Portadown BT62 3EU Banker5 Santander Bootle Merseyside L30 4GB New Life Ministries Trust Page 3 Trusteeg Annual Report for the year ended 31 May 2021 The trustees present the annual report and statements of Receipts and Payments and Assets and Liabilities for New Life Ministries Trust for the year ended 31 May 2021. Objectives and Artivitie5 Charltable Purposè l. To advance the Christian Faith in accordance with the statement of beliefs appearing in the schedule of our @ovÈrnin8 document. 2. To relieve persons who are in condition5 of need, hardship or distress or who are aged or sick, locally or internationally. Our activities include: Public worship. Teaching of Christlan doctrine. Pastoral care and 5UPPOrt of individuals. Provide training and research resources to per50n5 interested in the Christian faith. Provide support to other organisations of similar aim throuEh work teams and mln£stry team5 both locally and internationallv. Provlde support to individual Christian workers. Produce, publish, distribute. sell and/or Bivè away Christian literature in various media formats. Achievements, Performance & Public Benefit Ovr public benefit is to the general publlc. prlmarlly In Northern Ireland but also internationally through collaboration with other similar organisations. Our aim is to exclude no-one. On Purpose l- To advance the Christian faith. Direct benefits whlch flow from thls purpose is the provision to the public of a place of worship. Additionally, it promotes the cultivation of good moral values and provides a sense of well being. There is an Indlrect benefit to the community in general when these values are prornoted by individuals encouraging good citizenship. How thè benefit is demonstrated l. The benefit is demonstrated by regular feedback from the public who use our services 2. The benefit is demonstrated by the continued 5UPPOrt and donations to the charity by those who use our service5 3. The benefit is demonstrated by independent research that supports the view that those who practice a religion make better citizens. are more likely to be active in their community and more likely to volunteer. Example- Demos, 2012, Faithful Cit12ens. Who the beneficiaries are l. The major beneficiaries a￿ the Beneral public in Northem Ireland. 2. Minor beneficiaries are the general public in France and Spain. Any harm or prlvate benefit this purpose does not lead to harm. This purpose provides no Private benefit. On Purpose 2- To relieve persons who arè in conditions of need. hardship or distress or who are aged or sick, locally or internationally. Oirect benefits which flow from this purpose include the reduction of need, hardship and distress. Indirect benefits include the reduction of stres5 to individuals, the easing of financial hardship and In a wider sense, a general positive contribution to socTrety. How the benefit is demonstrated l. The benefit is demonstrated by dirèct feeilback from those who have been helped at a local level. 2. The benefit is demonstrated by the feedback and reports of those organisations to whlch we make donation5 on an international level. Example- Disasters Emergency Committee IDECI Who the beneficiarie5 are l. Individuals or groups of people from the general public in Northern Ireland who are known to be in some form of need, hardship or distress. 2. Individuals or 8roups of people internationally who are known to be in some form of need, hardship or distress. Any harm or private benefit this purpose does not lead to harm. This purpose provides no private benefit. New Ufe Mlnlstrles Trust Page 4 Tru5teeg Annual Report for the year ended 31 May 2021 Icontinuedl The charitvs tlassifitations The advancement of religion The relief of those in need by reason of youth, age, ill-health, disability, financial hardship or other dlsadvantage Who the charlty helps General public How the charEtyworks Relief of poverty Religious activitie5 Welfare/benevolent Financial Review The charitvs main source of income are contributions through weekly freewill offèrings. Statement of frustees, ResponsSbllStles The trustees are re5pon5ible for prepaTing the Trustees. Report and the statement of receipt5 and payrnents and statement of asset5 and liabilitie5 in accordance with applicable law and regulations. The law applicable to charities in Northern Ireland with Income of le55 than £250,(X)O requires the trustees to prepare a statement of receipts and payments and a statement of assets and liabilities for each financial year. The trustee5 are responsible for keeping accounting records that are sufficiènt to show and explain the club'5 transactions and is¢lose with reasonable accuracy at any time the assets and liabilltles of the club. They are also responsible for safeguarding the a5set5 of the club and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Slgned on Behalf of thè Trustee5 NHart Date.. 25 March 2022 New Life Min5strie5 Trust Page 5 Independent examinerfs report to the charity tru5tee5 of New Life MinistrfesTrust I report on the accounts of New Life Ministries Trust for the year ended 31 May 2021, which are set out on pages 6 to 9. Respective responsrbilities of tharitytrustees and examlner As the charity's trLtstee5 you are responslble for the preparation of the accounts In accordance with the Charitie5 Act INorthern Ireland) 2008. It is my responsibility to.. examine the accounts under section 65 of the Charities Act. follow the procedure5 laid down in the general Oirections given by the Cornrnission under sectlon 6519llbl of the Charitie5 Act. state whether particular matters have come to my attention. Basls of Independent examinerfs report I have examined your charity accounts as required under 5ertion 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 6519llbl of the Charities Aei. My exarnination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees ￿ncernIng any such matters. My role is to State whether any material matters have come to my attention giving me cause to believe.. l. That accounting records were not kept in accordance with section 63 of the Charities Act. 2. That the accounts do not ac¢ord with those accounting records. 3. That the accounts do not comply with the accounting requirements of the Charities Act. 4. That there is further information needed for a proper understanding of the accounts to be reached. Independent examtnerfs Statement I have completed my examinatlon and have no ¢oncerns in respect of the matters lil to141 Ilsted above and, in connection with following the Directions of the Charity Commissiort for Northern Ireland, I have found no matters that require drawin8 to your attention. BarryThompson for and on behalf of BarryThomp50n and Company Chartered Accountants and Statutory Auditors 76-78 Church Strèet Portadown BT62 3EU Date: 25 March 2022 New Life Ministries Trust Page 6 Re￿Ip¢S and Payments A¢¢ount for the year ended 31 May 2021 Unrestrlcted funds Re5trirtéd Endowment funds funds Total 2021 Total 2020 ' Recelpts DonatlOll5 and Gifts 10,037 10,037 10,809 Totsl Recèipts 10,037 10,037 10,809 Payments Charitable donations Administratlon costs 4,800 6,104 4,800 6,104 5,644 4,907 Total Payments 10,904 10,904 10.551 {Deflcltl Emtess of Recelpts over Payments Forthe Year 18671 18671 258 Net Movement in Funds Fund balan￿5 brought forward at l June 2020 8,213 8,213 7,955 Fund balances carried forward at 31 May 2021 7.345 7.345 8.213 On behalf of the Trustee5 NHart Date.. 22 March 2022 New Life Ministrles Trust Page 7 statèment of A55ets and Liabilities as at 31 May 2021 2021 2020 Current Assets Debtors Cash at bank and in hand 7,345 .213 7,345 8,213 Creditors- Amounts falllng due wlthln one year Net Current Assets 7.345 8,213 Net Assets 7,345 8,213 Unrestricted Funds General funds 7,345 8,213 Total Funds 7.345 8.213 These accounts have been prepared in accordan￿ wlth the General Dlrectlons glven by the Charity Commissions. The financial statements on pages 6 to 7 were approved and authori5ed for issue by the trustees on 25 March 2022 and signed on their behalf by NHart Date: 25 March 2022 CharSty Number 100957 New Life Ministries Trust Page 8 Notes to the Flnanclal Statements Year ended 31 May 2021 l. Accounting Policies lal Basls of preparatSon The firhancial statement5 have been prepared under the historical cost convention, with the exception of Investments which are included at market value. The financlal statements have been prepared in accordance with the Statement of Recommended Practice150RPI. Ibl Fund actountin8 General funds are unrestricted funds which are available for use at the discret5on of the trustee5 in furtheran¢e of the gene¥al objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restrirted fund5 are funds which are to be used in a¢¢ordance with Specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such fund5 are charged against the specific fund. The aim and use of each restricted fund is set out in the notès to the financial statements. Endowment funds represent those assets which must be held permanently by the tharity, principally investment5. Income arising on the endowment funds can be used in accordanee with the object5 of the charity and is included as unrestricted income. Any capital gains or losses arising on the investments forrn part of the fund. Investment management charBes and legal advice relating to the fund are charged against the fund. Investment income and gains are allocated to the appropriate fund. Incomlng rèsources All incomlng resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. Gifts in kind donated foi dlstrlbutlon are included at valuation and recognised as Income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilitie5 are included at the value to the charity where this can be quantified and a third party is bearin@ the tost. No amounts are included in the financial staternent5 for services donated by volunteers. Idl Resources expended All expènditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributÈd to particular headings they have been allocated to attivities on a basi5 consistent with use of the resources. Premlses overhead5 have been allocated on a floor area basis and other overheads have been allocated on thè basi% of the head count. Fund-ralslng costs are those incurred in seeking voluntary contributlons and do not include the cost5 of di55eminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objerts of the charity and include project managernent carried out at Headquarters. Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requ1￿MentS. New Life Minlstrles Trust Page 9 Notes to the Financi31 Statements Icontlnuedl Yearended 31 May 2021 Re¢elpts 2021 2020 Donatlons and Glfts 10.037 10,809 10,037 10,809 Charitable Donations 2021 2020 Donatlons and Gifts 4,800 5,644 4,800 5,644 Adm5nlstratlve costs 2021 2020 Rent Water Rates Insurance Heat and LiBht Repair5 Stationery and Computer Accountancv Others 2,600 491 1.453 341 120 129 960 io 2,600 1,316 440 418 23 iio 6.104 4,907 3. Transartions with the Trustees No trustees or a person relating to a trustee had any personal interest in any contract or transaction entered into by the charity durinE the year.