## **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. 1 **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 2 **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: 3 ## **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| |---|---|---| 4 ## **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** 5 **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. 6 ## **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| |---|---|---|---|---|---| 7 ## **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 8