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:
- (1) which gives me reasonable cause to believe that, in any material respect, the requirements
- to keep accounting records in accordance with Section 44(1) (a} of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
- to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date: May 21, 2024
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## **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**
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**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.
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**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