REGISTERED CHARITY NUMBER: 1023328 Report of the Trust008 and Unaudlted Flnancial Statements for the Year Ended 31 Mar¢h 2025 for NEW LIVING MINISTRIES Knox Cropper LLP Chart8rod AGGountants 153 -155 London Road Hemel Hempste8d 14•rtr¢r4$hl HP3 9SQ
NEW LIVING MINISTRIES Contents of the Financlal Statements forthe Year Ended 31 March 2025 Page Report of tho Trustse8 Independent Examlnof8 Report Statomont of Flnanclal Acdvltl•s Balan¢a Shoot Not08 to th• Flnanclal Statements 6 to 10
NEW LIVING MINISTRIES Report of the Trustees fortha Year Ended 31 March 2025 The trustees present treir report with the financial statements of the charity for the ygar ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Chanlies". Statement of Recommended Prackn'ce applicable lo charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in thè UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. OBJECTIVES AND ACTIVITIES Objecllves and alms The promotion of the heart of God (Jesus Christl in action, grace and being there for people. We do this through meeting l¢)3elher, encouraging gifts, projects and businesses. Slgnificant a¢tlvlt108 Actimties included., Phoenix Academy- Education for all children ages 5- 18 years of age. Kenya & Sri L8nka - Charities to benefit living standards in these aa$. Publlc bgneflt Community projects and education. ACHIEVEMENTS AND PERFORMANCE Charftable actlvltles Phoenlx Academy Phoenix Academy is registered as an Independent School and govémed by OFSTED. It continues lo operate from 85 Bounces Road, N9. It has around 15 students enrolled between the ages of 5 - 18 years old and all are working towards achieving an ICCE qualification at school leaving age, The school operate5 Wlth a Board of Governors consisting of Aaron Chambers (Chair), Adrian Hawkes, Samuel Kelly, Angela Kelly, Deborah chambers (Head Teacher). Paul Kelly (Designated Safeguarding Officer) and Sharon Curry. The Academy charges low fees to parents sufficient to subsidise staff wages and learning materials. Fundralslng actlvltles We Ceive regular gifts from our local community. Inlarnal and external factor8 The New Living Ministries Trust has beén sponsored by Phoenix Community Care Ltd IPCCI PCC is 8 local charity working with Ic4)ked after Children, care leavers, asylum seekers and refugees. FINANCIAL REVIEW Principal funding gour¢o8 The trust is primarily funded by rjonations and the receipt of subsidisèd sehool feès. FUTURE PLANS Phoenix Academy, which is the main activity of the charity is closing on 19th December 2025. The Department of Educalion and Otsted have been informed along with staff, studenls and their families who use the facilities. The trustees havg decided ta wind up the charrty post year end. STRUCTURE, GOVERNANCE AND MANAGEMENT Guveriiiiig docuiiiviil The charity 15 controlled by its qoverninq ¢o¢um?nt, a deed of trus1 and wnstitutes an unincorporated Ghaiity, REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charlty number 1023328 Princlpal address 85 Bounces Road London Ng 8LD Tru8tees Mrs A Kelly G l J Hawkes G Areola JA Hawkes Page 1
NEW UVING MINISTRIES Report of the Trustees for the Year Endèd 31 March 2025 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examlner Knox Cropper LLP Chartered Accountants 153-155 London Road Hemel Hernpstead Hertfordshire HP3 9SQ EVENTS SINCE THE END OF THE YEAR Information relats'ng to 6vents Sin the end of the year is given in the notes to the financial statements. Approved by order of the board of trustees on ....... and signed on its behalf by.. Areola- Trustee Page 2
Independent Examlner'g Report to tho Trustees of New Living Ministrie8 Independent examinerfs report to the trustees of New Living Mlnlstrles I report to the charity trustees on my examination of the accounts of New Living Ministries (the Trus1} for the year ended 31 March 2025. Responsibilitles and basls of report As the charity Iruslees of the Trust you are responsible for Ihe preparation of the accounts in accordance with the requirements of the Charities Act 20111'lhe Act'}. I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Chanty Commission under Section 14515}Ib) of the Acl Independent examlner's statsment- matters of concom identified I have completed my examinalion. As stated in the going concern accounting policy and note 12 of the accounts, these accounts have not been prepared on a going conrn basis as the activities of the chanty are ceasing on 19th D8rnber 2025. I confinn Ih8t no other matters have come to my att6nkn.on that give me cause to believe that in any matsrial respect.. accounb'ng records were not kept in resp6Ct of th8 Trust as required by s8th.on 130 of the Act., or the accounts do not accord with those racords,. or the accounts do not comply with the applicable requirements wnceming thé form and content of accounts set out in the Charities (Accounts and Reports) Regulats'ons 2008 other than any requirement that the accounts giv8 true and fair view which is not a matter considered as part of an independent éxamination. I confimi that Ihere are no other mattérs to which yeur attention Should be drawn lo enablè 8 proper understanding of the accounts to be reached. Stephen Anderson Knox Cropper LLP Charteréd Accountants 153-155 London Road Hemel Hempstead Hertfordshire HP3 9SQ Date.. ......................,...................... Page 3
NEW LIVING MINISTRIES Statement of Financlal Actlvltles forthe Year Ended 31 March 2025 2025 Totsl funds 2024 Totsl nds Unrestricted fund Restricted nd Notes INCOME ANO ENDOWMENTS FROM Donab'ons and legaaes 51,372 51,372 55,750 Charitsble actlvltle¥ School 68,015 68,015 50,824 Investment income Totsl 119,388 119,388 106,575 EXPENDITURE ON Charflable activitie8 School 102,190 102,190 95,647 Other 17,161 17,161 13,199 Totsl 119,361 119,381 108,846 NET INCOMEI(ÉXPENDITUREI 37 37 (2.271) RECONCILIATION OF FUNDS Total funds brought forward (34,071) 183 133,888} 131,6171 TOTAL FUNDS CARRIED FORWARD (34,0341 183 {33,861) (33,888} Th6 notss fom part ofthese financial statements
NEW LIVING MINISTRIES Balance Sheet 31 March 2025 2025 Totsl funds 2024 Total funds unstriCted fund Restricted fijnd Notes CURRENT ASSETS Debtors Cash atbank 17,311 2.475 17,311 2.658 10,971 3,584 183 19,786 183 19,969 14,555 CREDITORS Amounts falling due within one year (53,8201 {53,820) (48,4431 NET CURRENT ASSETSIILIABILITIESI (34,0341 183 (33,851) 133,8881 TOTAL ASSETS LESS CURRENT LIABILITIES 134,034) 183 133,851 > 133,8881 NET ASSETSIILIABILITIESI 134,034) 183 (33,851) 133,8881 FUNDS Unreslricled fvnds Restrithd funds 10 {34,034) 183 (34,0711 183 TOTAL FUNDS (33,851) {33,8881 The finanaal statements were approved by the Board of Trustees and authorised for issue .05./i..L /.u..z.S.... and were signed on its behalf by.. on eola - Tru5 ee The notes fom part of Ihese financial statements
NEW LIVING MINISTRIES Notes to the Finan¢lal Ststements forthe Year Ended 31 March 2025 ACCOUNTING POLICIES Basls of preparing th8 financial ststements The financial statements of the charity, which is a public benefit entity und8r FRS 102, have not been prepared on a going concern basis as the Trustee5 have taken the decision lo wind up the charity. There are, however, no adjustments arising from this change to the accounting tramework and, therefore, in all material respects the financial statements have been prepared in accordance with the Charities SORP IFRS 102} 'Accounting and Reporting by Charities". Statement of Recommended Practice appli¢able to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFFIS 1021 (effective 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the histOriC81 cost convention. Going con¢efn The charity's financial statements have not been prepared on a going cOnM basis on the grounds that the aclimlies of th8 charity are ceasing on 19th December 2025, The Trustees have decided lo wind up the charity post year end (See note 121- Income All income is recognised in the Ststement of Financial Acts'vitie6 0nc8 the charity has @ntillemenl lo the funds, Is probable that the income will be r8c8ived and the amount can be measu reliably. Expendlturo Liabilities are recognised as expenditure as s¢Jon as there is 8 legal or constructive obligation committing Ihe charity to that expenditure. it Is probable Ihal a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classifièd under headings that aggregate all cost related to the category. Where costs cannot directly attributed to particular headings they have been allocated lo actsvities on a basis consislenl with the use of resources, Tanglble flxed assets Depreciakn'on is provided at the following annual rates in order to write off each asset over its estimated useful Fixture8 and fittings 10Vo on cost Taxatlon The ch8nty Is exempt from tax on its charitable aclimties. Fund accountlng Unrestncted funds can be used in accordance with the charitsble objectives at the di3crètion of the Irustees. Restncted funds can only be used for particular restricted purposes within Ihe objects of the charity. Restricts'ons arise when specified by the donor or when lunds are raised for partic#Jlar restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial stslements. Pension c08ts and other post-retirement benefits The charity operates a defined contribution pension scheme. Contributions payable lo the charity's pension scheme are charged lo the Statement of Financial Activities in the period to which they relate. Page 6 continued...
NEW LIVING MINISTRIES Notes to the Financial Statements - contlnued for the Yoar Ended 31 March 2025 INVESTMENT INCOME 2025 2024 Deposit account interest TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefi'ts for the year ended 31 March 2025 nor for the year ended 31 March 2024, Tru8tees' expenses There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. STAFF COSTS The average monthly number of employees during the year was as follows.. 2025 2024 Average monthly number of amployeés Ne employees fftceived emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fund Total nds INCOME AND ENDOWMENTS FROM Donalions and legacies 55,750 55.750 Charltable actlvltle8 School 50,824 50.824 Investment income Tot•1 106,575 106,575 EXPENDITURE ON Charltable actlvltles School 95,647 95,647 Other 13,199 13,199 Total 108,846 108,846 NET INCOMEIIEXPENDITUREI {2,2711 12,271) RECONCILIATION OF FUNDS Total fvnds brought forward 131,8001 183 131,6171 TOTAL FUNDS CARRIED FORWARD 134,0711 183 133,8881 Page 7 continued...
NEW LIVING MINISTRIES Notes to tho Finan¢lal Statements . conllnued forth• Year Ended 31 March 2025 TANGIBLE FIXED ASSETS Fixtures and fittings COST At 1 April 2024 Di5P05als 16,489 116,489) Al 31 March 2025 DEPRECIATION At 1 April 2024 Eliminated on disposal 16.489 116,489) At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 Marth 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YeAR 2025 2024 Trade debtors other debtors 12,151 6,160 10,381 590 17,311 10,971 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Other creditors 6,336 48,484 1,754 46,689 53,820 48.443 LOANS An analysis of the maturity of loans is given below.. 2025 2024 Amounts falling due within one year on demand.. other loans 40,359 41,559 Page 8 continued...
NEW LIVING MINISTRIES Notes to the Flnanclal Statements - contlnued forthe Year Endod 31 March 2025 10. MOVEMENT IN FUNDS Net movement in funds At 31,3.25 At 1.4.24 Unrestrlcted funds General fund {34,071) 37 134.034) Restricted funds Restricted 183 183 TOTAL FUNDS 133,8881 37 {33,861) Nel movement in funds, included in the above are as follows.. Incoming resources Resour$ expend6d Movement in funds Unrèstrletad fund• General fund 119,388 (119,351 } 37 TOTAL FUNDS 119.388 1119.3611 37 Comparatlv08 for movemont In fund8 Net movement in funds Al 31,3,24 At 1.4.23 Unreatrlcted fund• General fijnd 131,8001 12,2711 (34.0711 Re8trlcted funds Restncted 183 183 TOTAL FUNDS {31,617) 12,271) 133,8881 Comparative nel movement in funds, included in the above are as follows.. Incoming resouThs Resources expended Movement in funds Unreslrlcted fund8 General fund 106,575 1108,8461 {2,271) TOTAL FUNDS 106,575 1108,846) <2,271 } Page 9 conb'nued...
NEW LIVING MINISTRIES Note9 to the Financial Statements - ¢ontinued forthe Year Ended 31 March 2025 11. RELATED PARTY DISCLOSURES During the period, rent of £24,000 12024.£20,0001 was paid to Pauline Hawkes. At the balance sheet dats. the charity owed £40.359 12024.. £41,55911o Pauline and Adrian Hawkes, who are the pa nts of one of the trustees of the chanty. During the period. rent of £24,000 12024.. £20,000) and donations of £36.500 12024.. £37,750} were reIved from Phoenix Community care Limited Al the balance sheet date. Phoenix Community Care Limited owed £466 12024.. £6001 lo the charity. The parties are related as a result of direolorslmembersllwstees having posib'ons within each 8ntity. 12. POST BALANCE SHEET EVENTS Phoenix Academy, which is the main activity of the charity is dosing on 19th December 2025. The Department of Education and Otsted have been infomied along with staff, students and their families who use the facilities. The trustees have decided to wind up the charity Post year end. Page 10