2024-12-31-accounts - New Life Christian Fellowship

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NEW LIFE CHRISTIAN FELLOWSHIP PRESTWICK

SCOTTISH CHARITY NUMBER SC028120

ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

New Life Christian Fellowship, Prestwick

Report of the Trustees for the Year Ended 31st December 2024

The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. 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

Principal address

New Life Centre 62 Monkton Road PRESTWICK KA9 2PA

Trustees

The following served as trustees of the Fellowship during the year: Mr James Smith (Chairman) Mr. James Manson (Secretary) Mrs. Claire Thomson (Treasurer)

OBJECTIVES AND ACTIVITIES

2024 was a year in which New Life Church continued to see new people added and also have a growing involvement in Cumnock, with a view to starting a new church there.

In addition to our Sunday services , our midweeks continued to see active study groups and community initiatives such as a Little Angels (toddler group) and the hosting of a weekly seniors lunch club. We were also a hub venue for South Ayrshire Foodbank two days a week. Our community involvement continued with our volunteers providing stewarding at various events.

Throughout the year, we ran leadership training and other initiatives to train people for life and church work.

There were no new additions to our Assembly Council, who continue to meet monthly to oversee our finances and governance. In order to assist with our administrative work we created the post of Part-Time Administrator, which has enhanced the management of church business.

In the past year, we have continued to support some mission’s organisations overseas and plan to increase this in the year ahead as we look ahead with anticipation and excitement at further progress as a church in Ayrshire and beyond.

New Life Christian Fellowship, Prestwick

Report of the Trustees for the Year Ended 31st December 2024

1 The Management of the Assembly is vested in the Assembly Council. The Assembly council as at 31[st] December 2024 comprised of the following members:-

Mr James Smith Mr James Manson Mrs Claire Thomson (in role as Treasurer) Mr David Smith Mr Callum Smith Mr William Stewart

2.1 The Office-bearers during the year were as follows:-

CHAIRMAN:- James Smith

SECRETARY:- James Manson

TREASURER:- Claire Thomson

On behalf of the Board

James Smith For the Assembly Council

Date: Jul 1, 2025

New Life Christian Fellowship, Prestwick

Report of the Trustees for the Year Ended 31st December 2024

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 2024 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.

Gareth G Curle CA Institute of Chartered Accountants of Scotland 22 Backbrae Street Kilsyth G65 0NH Date:

New Life Christian Fellowship, Prestwick

Report of the Trustees for the Year Ended 31st December 2024

Statement of Financial Activities

Income and endowments from: Donations and legacies Other Income Total income Expenditure Raising funds Charitable activities Total resources expended Net income/(expenditure) Gross transfers between funds Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	31.12.24 Unrestricted Restricted Total funds funds funds £ £ £ 152,297 240 152,537 5,500 - 5,500 157,797 240 158,037 2,635 - 2,635 146,409 2,520 148,929 149,044 2,520 151,564 8,753 (2,280) 6,473 (2,100) 2,100 - 6,653 (180) 6,473 277,465 759 278,224 284,118 579 284,697	31.12.23 Total funds £ 146,207 5,500 151,707 792 122,627 123,419 28,288 - 28,288 249,936 278,224

New Life Christian Fellowship, Prestwick

Report of the Trustees for the Year Ended 31st December 2024

Balance Sheet

			31.12.24	31.12.23
	Unrestricted	Restricted	Total	Total
	Funds	Funds	Funds	Funds
	£	£	£	£
Fixed Assets
Fixed Assets	296,906	-	296,906	298,475
Investments	1	-	1	1
Current Assets Bank Accounts Cap Account Building Account General Account Fixed Fee Account Storehouse Account Missions Account Cash	296,907 2,203 28,662 4,034 2,333 11,080 - 2	- - - - - 579 -	296,907 2,203 28,662 4,034 2,333 11,080 579 2	298,476 1,909 28,000 11,941 807 - 759 2
Current Liabilities Creditors and Accrual	48,314 849	579 -	48,893 849	43,418 766
Net Current Assets	849 47,465	- 579	849 48,044	766 42,652
Total Assets Less Current Liabilities Long Term Liabilities Net Assets	344,372 60,254 284,118	579 - 579	344,951 60,254 284,697	341,128 62,904 278,224
Funds Retained Funds	284,118	579	284,697	278,224

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

and were signed on its behalf by:

Mr James Smith - Chairman

New Life Christian Fellowship, Prestwick

Report of the Trustees for the Year Ended 31st December 2024

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 balance

Taxation

The charity is exempt from tax on its charitable activities.

New Life Christian Fellowship, Prestwick

Report of the Trustees for the Year Ended 31st December 2024

2. INCOME Donations & Legacies Donations Other Income Rental Income 3. EXPENSES	31.12.24 £ 152,537 152,537 5,500 5,500	31.12.23 £ 146,207 146,207 5,500 5,500

Expenditure Purchases Training Staff Costs (note 6) Supplies & Services Donations & Gifts Depreciation Professional Fees	Raising Funds £ 2,635 - - - - - - 2,635	Charitable Activities £ 4,024 1,940 62,386 58,438 15,750 1,569 - 144,108	Support Costs (inc in CA) £ - - - - - - 4,821 4,821	2024 £ 6,659 1,940 62,386 58,438 15,750 1,569 4,821 151,564	2023 £ 3,762 - 58,495 45,191 10,164 1,836 3,970 123,419

New Life Christian Fellowship, Prestwick

Report of the Trustees for the Year Ended 31st December 2024

4. TANGIBLE FIXED ASSETS

Cost or Valuation Additions As at 31.12.24 Depreciation As at 31.12.23 Charge for year As at 31.12.24 Net Book Value As at 31.12.24 As at 31.12.23	Property St. Cuthberts Church Equipment Fixtures & Fittings Portacabins & Caravan Office Equipment Building Project Imp to 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
	61,411 41,891 4,500 11,221 - - 119,023 864 678 - 41 - - 1,569
	62,275 42,569 4,500 11,248 - - 120,592
	27,941 2,034 - 54 245,166 21,711 296,906
	28,805 2,712 - 81 245,166 21,711 298,475

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24 31.12.23 £ £ Trade creditors and accrued charges 849 766

6. TRUSTEES’ REMUNERATION AND BENEFITS

31.12.24 31.12.32 £ £ Remuneration paid to Trustee (J Smith) 28,223 27,714 Expenses paid to Trustee (J Smith) 213 937