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2023-12-31-accounts

NEW LIFE CHRISTIAN FELLOWSHIP PRESTWICK

SCOTTISH CHARITY NUMBER SC028120

ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

NEW LIFE CHRISTIAN FELLOWSHIP PRESTWICK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

TABLE OF CONTENTS
• Trustees Annual Report Pages 1 - 2
• Independent Examiner'sReport Page 3
• Statement ofFinancial Activities Pages4
• Balance Sheet Page 5
• Notes tothe Accounts Page 6 - 8

New Life Christian Fellowship, Prestwick

Report of the Trustees for the Year Ended 31st December 2023

1 The Management of the Assembly is vested in the Assembly Council. The Assembly council as at 31st December 2023 comprised of the following members:-

On behalf of the Board

Date: May 21, 2024

2

New Life Christian Fellowship, Prestwick

Report of the Trustees for the Year Ended 31st December 2023

The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

SC028120

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Principal address
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Trustees
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OBJECTIVES AND ACTIVITIES

  1. New Life Church had a productive and progressive year in 2023.

Our normal activities continued, including Sunday services with a significant increase in attendance and in our children's work.

Our midweek activities continued with our Little Angels parents and toddlers group and also our Diamonds over 60s lunch club. Various children and youth activities took place as well as midweek study groups.

As a church , we continued to be actively involved in community initiatives throughout the year and use our premises two days a week as a hub for South Ayrshire Foodbank.

From a governance perspective, additions were made to our Assembly Council, which has benefitted us considerably.

One significant change was the beginning of being a presence in Cumnock, with the aim to start a church there in the near future .

We look back on 2023 as a significant year for us and look ahead with anticipation of further growth and progress in all areas of church life throughout 2024.

New Life Christian Fellowship, Prestwick

Report of the Trustees for the Year Ended 31st December 2023

Independent Examiner's Report to the Trustees of New Life Christian Fellowship, Prestwick

I report on the financial statements for the year ended 31 December 2023 set out on pages five to nine.

This report is made solely to the charity's trustees, as a body, in accordance with section 44 (1) (c) of the Charities and Trustee Investment (Scotland) Act 2005. My examination has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my examination, for this report, or for the opinions I have formed.

Respective Responsibilities of Trustees and Examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to our attention.

Basis of the Independent Examiner's Report

My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland} Regulations 2006 (as amended). An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the accounts.

Independent Examiner's Statement

In the course of my examination, no matter has come to my attention:

have not been met; or

Date: May 21, 2024

3

New Life Christian Fellowship, Prestwick

Report of the Trustees for the Year Ended 31st December 2023

Statement of Financial Activities

Income and endowments from:
Donations andlegacies
Other Income
Total income
Expenditure
Raising funds
Charitable activities
Totalresources expended
Netincome/(expenditure)
Gross transfers between funds
Netmovementinfunds
RECONCILIATION OF FUNDS
Totalfundsbrought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
145,962
5,500		 Restricted
funds
31.12.23
Total
funds
£
£
245
146,207
5,500		 31.12.22
Total
funds
£
110,532
5,500
151,462
792
120,107		 245
151,707
792
2,520
122,627		 116,032
4,003
108,322
112,325
120,899 2,520
123,419
30,563
(2,100)
28,463
249,002		 (2,275)
28,288
2,100
(175)
28,288
934
249,936
759
278,224		 3,707
3,707
246,229
249,936
277,465

4

New Life Christian Fellowship, Prestwick

Report of the Trustees for the Year Ended 31st December 2023

Balance Sheet

31.12.23
31.12.22
Unrestricted
Restricted
Total
Total
Funds
Funds
Funds		 Funds
£ £ £ £
Fixed Assets
Fixed Assets 298,475 298,475 300,311
Investments 1 1
1
298,476 298,476 300,312
Current Assets
BankAccounts
Cap Account 1,909 1,909
1,342
BuildingNew 28,000 28,000 9,212
GeneralNew 11,941 11,941
3,218
FixedFee Account New 807 807
999
Missions Account 759
759
934
Cash 2 2 2
42,659
759		 43,418 15,708
Current Liabilities
Creditors and Accrual 766 766 646
766 766 646
Net Current Assets 41,893
759		 42,652 15,062
Total Assets Less Current Liabilities 340,369
759		 341,128 315,374
Long Term Liabilities 62,904 62,904 65,438
Net Assets 277,464
759		 278,224 249,936
Funds
RetainedFunds 277,464
759		 278,224 249,936
May 21, 2024

The financial statements were approved by the Board of Trustees on:

and were signed on its behalf by:

Chairman

5

New Life Christian Fellowship, Prestwick

Report of the Trustees for the Year Ended 31st December 2023

1. ACCOUNTING POLICIES

Accounting Convention

The financial statements have been prepared under the historical cost convention and in accordance with the provisions of Financial Reporting Standard 102 "The Financial Standard applicable in the UK and Republic of Ireland" and the requirements of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard FRS 102 (SORP 2015), the Charities and Trustee Investment {Scotland) Act 2005, the Charities Accounts {Scotland) Regulations 2006 {as amended) and the Companies Act 2006.

Incoming Resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources Expended

Expenditure 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 attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible Fixed Assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold Property 3% reducing balance Plant & Machinery 20% reducing balance Computer Equipment 25% reducing balanc

Taxation

The charity is exempt from tax on its charitable activities.

6

New Life Christian Fellowship, Prestwick

Report of the Trustees for the Year Ended 31st December 2023

2.INCOME
Donations&Legacies
Donations
Other Income
Rental Income		 31.12.23
£
146.207
146.207
5.500
-55QQ		 31.12.22
£
110.532
110,532
5,500
-5. 5.QQ

3. EXPENSES

Expenditure
Purchases
Training
StaffCosts (note 6)
Supplies &Services
Donations& Gifts
Depreciation
Professional Fees		 Raising
Charitable
Support
Funds
Activities
Costs
2023
2022
(inc in
CA)
£
£
£
£
£
792
2,970
3,762
6,160
824
58,495
58,495
56,130
45,192
45,192
35,457
10,164
10,164
7,984
1,836
1,836
2,214
3,970
3,970
3,557
792
118,657
3,970
123,419
112,325

7

New Life Christian Fellowship, Prestwick

Report of the Trustees for the Year Ended 31st December 2023

4. TANGIBLE FIXED ASSETS

Cost or Valuation
Additions
As at 31.12.23
Depreciation
As at 31.12.22
Charge for year
Asat 31.12.23
Net Book Value
As at 31.12.23
As at 31.12.22		 Property
St.
Cuthberts
Church
Equipment
Fixtures&
Fittings
Portacabins
&Caravan
Office
Equipment
Building
Project
Impto
Property
Total
90,216
44,603
4,500
11,302
245,166
21,711
417,498
90,216
44,603
4,500
11,302
245,166
21,711
417,498
60,520
40,987
4,500
11,180
117,187
891
904
41
1,836
61,411
41,891
4,500
11,221
119,023
28,805
2,712
81
245,166
21,711
298,475
29,696
3,616
122
245,166
21,711
300,311

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.23 31.12.22
£ £
Tradecreditors andaccruedcharges lli .646
STEES' REMUNERATION AND BENEFITS
31.12.23 31.12.22
£ £
Remuneration paid to Truste 27.714
Expensespaidto Trustee(

6. TRUSTEES' REMUNERATION AND BENEFITS

8