ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
NEW LIFE CHRISTIAN CENTRE
CHARITY REGISTRATION NUMBER: 1053316
Independent Examiners Ltd The Grain Store Hills Barns Appledram Lane South Chichester, West Sussex PO20 7EG
NEW LIFE CHRISTIAN CENTRE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
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Page
Legal and Administrative Information 3
Trustees' Report 4 to 9
Independent Examiner's Report on the Accounts 10
Statement of Financial Activities 11
Balance Sheet 12
Notes to the Accounts 13 to 20
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NEW LIFE CHRISTIAN CENTRE
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER 1053316 WORKING NAMES NEW LIFE CHURCH START OF FINANCIAL YEAR 01 April 2024 END OF FINANCIAL YEAR 31 March 2025 TRUSTEES AT 31 MARCH 2025 Pastor Gary D Brown Chairman Mrs A Taylor Mr D A Nice Mrs S Bartlett HOLDING TRUSTEES Pastor Gary D Brown Mrs A Taylor Mr D A Nice Mrs S Bartlett
The existing trustees appoint any new trustees following the provisions laid out in the Charity's governing instrument.
GOVERNING INSTRUMENT
The previous trust deed with Assemblies of God adopted 21 May 2006 has been superseded by a new constitution and trust deed which was adopted by special resolution of New Life Christian Centre on 12th November 2017. This document has been accepted and filed at the Charity Commission on 15th Jan 2018.
New Life Christian Centre using the working name of “New Life Church” has been affiliated with the “Fellowship of Independent Evangelical Churches” ( FIEC ) as from Sept 2017.
REGISTRATION DATE 27 February 1996: Standard registration
OBJECTS
a) To advance the Christian Faith in accordance with the statement in such ways and in such parts of the United Kingdom or the world as the church council from time to time may think fit.
b) To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind including through the provision of counselling and support in such parts of the United Kingdom or the world as the church council from time to time think fit.
c) To advance education in such ways and in such parts of the United Kingdom or the world as the church council from time to time may think fit.
CORRESPONDENCE ADDRESS 24-25, Irish Street, Whitehaven, Cumbria, CA28 7BY. Tel/Fax: 01946 66556 EMAIL & WEBSITE ADDRESS nlcwhitehaven@gmail.com or office@newlife.org.uk and newlifewhitehaven.org.uk PRIMARY BANKERS Barclays Bank Plc, 33, English Street, Carlisle, Cumbria, CA3 8JX. BANKERS FOR SAVING AND MORTGAGE Kingdom Bank Ltd., Media House, Padge Road, Beeston, Nottingham, NG9 2RS. ACCOUNTS INDEPENDENT EXAMINER Zita Derbak of Independent Examiners Ltd., The Grain Store, Hills Barns, Appledram Lane South, Chichester, PO20 7EG. LEGAL ADVISORS Geldards LLP, 4, Capital Quarter, Tyndall Street, Cardiff, CF10 4BZ.
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NEW LIFE CHRISTIAN CENTRE
TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2025
1 Structure, Governance and Management
The Model Deed for New Life Christian Centre
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The previous trust deed with Assemblies of God has been superseded by a new constitution and trust deed which was adopted by special resolution of New Life Christian Centre on 12[th] November 2017. This document has been accepted and filed at the Charity Commission on 15[th] Jan 2018.
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New Life Christian Centre using the working name of “New Life Church” has been affiliated with the “Fellowship of Independent Evangelical Churches” ( FIEC ) as from Sept 2017.
Organisational Structure of Charity
The Church Council of New Life Church which is composed of four members (Pastor Gary D Brown - chairman, Mr D A Nice, Mrs A Taylor and Mrs S Bartlett) who are the management trustees of the charity. These trustees are entitled to appoint other trustees as required. New trustees are introduced into the work by initially been given a copy of the previous year’s accounts including the trustees’ report. A working knowledge of the charity is gained by attendance at bimonthly church council meetings and regular input from the chairman and other trustees. The Eldership of New Life Church comprises of two members of Church Council and one other member who look after the spiritual oversight and the ministry of the church, which are Pastor Gary D Brown, Mr D A Nice and Mr B Beecham.
Financial Risk Assessment
The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational risks which they face and confirm they have established systems to mitigate the significant risks as shown below:
Major Risks to the Charity:
One major risk to the charity is to not have sufficient income to fulfil its objects, purpose statement and goals. This risk is minimised by a constant review of all sources of income and being prudent in regard to expenditure by the Church Council. Also, the risk of financial loss to the charity is kept under control by:
- Monthly bank reconciliation of all accounts.
• The operation of an internal audit system to monitor gross income, expenditure, petty cash and gift aid donations on a monthly basis. The audit system was set up using the guidelines and principles of the booklet “Internal Financial Control of Charities” (CC8) and this audit system is open to constant review and improvement by the Church Council.
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The use of on-line banking facilities to monitor the cash flow of all bank accounts as real time on a regular basis, at least 4 to
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5 times per week.
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The use of income and expenditure predictor on a spreadsheet which assists both the weekly and monthly cash flow of the
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General account in advance.
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NEW LIFE CHRISTIAN CENTRE
TRUSTEES' ANNUAL REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2025
2 Objectives and Activities
The Objects of New Life Christian Centre
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The advancement of the Christian Religion by the proclamation and furtherance of the Gospel of God concerning His Son Jesus Christ the Lord and the preaching and teaching of the Word of God by the Church which is according to the Purpose Statement.
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Such other charitable purposes as shall further the attainment of the above objects of the Church or any of them.
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The furtherance of the other charitable work of the Church consistently with the Purpose Statement.
Purpose Statement of New Life Christian Centre
New Life Church exists as a community of Christians aiming to be gospel-centred in all our faith and practice, proclaiming Jesus to the world. Our purpose is therefore to build a gospel-centred Trinitarian church for all the family where people of all ages can belong, believe and grow in faith, love and ministry for the glory of God.
Core Values of New Life Christian Centre
We define our core values as “those things” that most closely define how we think, act and live, as a church community. As a church we value:
1. The Gospel: To be a part of New Life is to love the gospel. The gospel is not just the entrance to the church, it is our central message, and the lens through which we view life. This finds expression in our confidence in the gospel to transform lives, in our heart for evangelism, as a foundation for our sanctification, as a source of our joy in God, and as an impetus for worship.
2. Passion for God: To be a part of New Life is to cultivate growing affections for God. We never want our relationship with God to become passive or apathetic, but we desire to be ever growing in our love for our Saviour. This finds expression in our corporate worship, our intentional pursuit of the spiritual disciplines, our love for God’s word, the joy and gratitude that we seek to cultivate—hopefully, this will be seen in all that we do as a church.
3. Sound Doctrine: To be a part of New Life is to value sound doctrine, to grow in our knowledge of biblical truth, and to apply this truth to our lives. This finds expression in our commitment to Scripture, our high view of preaching, and the emphasis on application of truth in our care groups.
4. The Holy Spirit: To be a part of New Life is to value the active presence of God and the ministry of the Holy Spirit. This finds expression in our emphasis on corporate worship, our appreciation of and earnest desire for spiritual gifts and times of personal ministry in care groups and after the Sunday meeting, and an overall desire to cultivate a lifestyle of faith-filled dependence upon God.
5. Sanctification: To be a part of New Life is to pursue growth in godliness. This finds expression in our emphasis on small groups, our pursuit of biblical fellowship, and our desire to apply the truth of God to our lives in every way possible.
6. Relationships: To be a part of New Life is to value and to be committed to relationships—as both a source of joy and a channel of God’s grace. This finds expression in our care groups, our pursuit of biblical fellowship, our emphasis on family life, marriage and parenting training, our appreciation of and care for singles, the practice of hospitality, and countless other ways.
7. Servanthood: To be a part of New Life is to embrace the value of servanthood. Jesus calls all His followers to embrace servanthood as the mark of true greatness, and we are blessed with an abundance of true servants. This finds expression in a wide variety of ministry teams, small groups, our cultivation of spiritual gifts, and in an endless array of both formal church contexts (e.g., the Sunday meeting) and informal life settings.
8. Evangelism/Mission: To be a part of New Life is to be consistently reminded of our privilege and responsibility to share the gospel, individually and corporately. This finds expression in such things as ‘Christianity Explored’ courses, regular opportunities for inviting others and being involved in sharing the message about Jesus with others.
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NEW LIFE CHRISTIAN CENTRE
TRUSTEES' ANNUAL REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2025
Membership Covenant of New Life Christian Centre
We define our membership not as a legalistic document but as a statement of Godly intent.
For those who wish to be considered for church membership, are encouraged to take part in a course called “Walking Together”, which covers the following subjects:
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Lesson 1 Welcome to “Walking Together”,
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Lesson 2 The Purpose of Journey: God’s Glory in Through the Church
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Lesson 3 The Beginning of the Journey: The Gospel
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Lesson 4 Embarking on the Journey: Our Response to the Gospel
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Lesson 5 Continuing the Journey: Sanctification
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Lesson 6 Understanding the Journey: The Importance of Sound Doctrine
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Lesson 7 Strength for the Journey: Empowered by the Spirit
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Lesson 8 Together on the Journey: Relationships in the Church
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Lesson 9 Participating in the Journey: Servanthood and Stewardship
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Lesson 10 Care along the Journey: Pastoral Leadership
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Lesson 11 Reaching others on the Journey: Evangelism and Mission
Contribution of Volunteers
In order to complete the evangelistic activities and the ministry of the church it clearly recognised what an invaluable contribution volunteers play. This is shown by their practical serving in the church in time and talent, and in their generous, regular and faithful giving of finance which accounts for ~64% of the total income received during the year 2024/25. The remaining income is made of ~14% Gift Aid and ~22% of other income resources for the same financial year.
3 Achievements and Performance
Main Objective’s for the Year 2024/25
- To continue to provide activities which are part of the charity’s objects and purpose statement.
Strategies to Achieve Objectives for the Year 2024/25
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To maintain the operating of the charity by using income resources from church members and other income streams.
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The mortgage loan for the new community hall to be serviced by pledges from the charity’s members and other general income resources.
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The provision of the charity’s activities to be made possible by the use of key leaders and members of the charity. These activities are to be financed from general funds.
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NEW LIFE CHRISTIAN CENTRE
TRUSTEES' ANNUAL REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2025
Reporting Public Benefit
This annual trustees’ report focuses on the main activities undertaken by New Life Church that furthers its charitable purposes for the public benefit. In the “Main Activities and Achievements” section the activities during 2024/25, the trustees have given due regard to the guidance on public benefit. This applies especially to the activities that relate to the advancement of Christian religion and the provision of food to those in need which is provided through the “Foodbank” at New Life Church.
Review of Main Activities and Achievements for 2024/25
• The provision of church services each week to a congregation of children and adults from the local community. These services involved worship, exposition of the word of God, proclamation of the Gospel, prayer and participation at the Lord’s table. During mid-week there was the provision of a bible study, a church prayer group and activities to facilitate fellowship between church members.
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The WhatsApp groups for members and friends of the church continues as a means prayer, encouragement and contact about
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various church events which promote the life, the death and resurrection of Jesus Christ.
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Continued to provide a church child protection policy for the youth and children’s works.
• The church provided financial and prayer support to 2 missionary couples and a local church plant who endeavoured to promote the Gospel of Jesus Christ during 2024/25
• A drop in community café called the “The Net”, commenced in early Nov 2010 which was set up as a means of outreach of the Christian faith into the community. The “Net” was operating during 2024/25.
• From June 2011 at New Life Church there was the commencement of a “Foodbank Centre” which is a satellite of the “North Lakes Foodbank” which is a collection and distribution centre. At the “Foodbank Centre” volunteers distribute food provisions for those in need from the local community. This “Foodbank Centre” was operating during 2024/25
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During 2024/25 the income received was sufficient to cover all the support costs including the mortgage loan for the new
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community hall which was built in 2007.
• As from 1st Oct 2013 New Life Church commenced Pastor Gary Brown as a full-time salaried position. This fulfils the goal of New Life Church: “To be financially buoyant being able to fund a minister on a full-time salary and those activities that represents
4. Financial Review
Total incoming resources for the period were £87,571 (2023/24: £93,766) of which all was unrestricted income (2023/24: £92,401). Total resources expended were £84,301 (2023/24: £86,590) of which all was unrestricted expenditure (2023/24: £85,320). As at the balance sheet date of 31 March 2025 the charity had free reserves (unrestricted funds) of £357,302 (2023/24: £351,236) and designated reserves of £714 value (2023/24: £2,795). A full review of the financial position of the charity can be found on the attached financial statements.
The charity’s financial performance enabled the income received to finance:
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Grants payable in furtherance of charitable objects
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Activities in furtherance of the charitable objects
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Support costs
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Resources expended on managing and administering the charity
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NEW LIFE CHRISTIAN CENTRE
TRUSTEES' ANNUAL REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2025
Church’s Policy on the Distribution of Income:
The church funds are distributed as follows:
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An Evangelism Fund - to support the main goal of New Life Christian Centre - To give everyone in Whitehaven and
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surrounding areas the opportunity to hear and respond to the gospel of Jesus Christ.
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A Missions Fund - to regularly support specific missionaries and itinerant missionaries who proclaim the gospel of Jesus Christ
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to other nations and people groups in the world
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A Youth and Children Fund - to support the ministry to reach youth and children with the gospel of Jesus Christ.
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A Minister Support Fund – to raise support for a full-time minister’s salary in order that the minister can be released to lead
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the ministry of proclaiming the gospel of Jesus Christ to all ages.
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A General Fund - to cover the support the charity’s main activities including servicing a mortgage loan.
The church policy is to review the amount allocated to a specific fund, which is carried out annually out by the Church Council. For more detailed information about the church’s finances please see the final accounts for the year ended 31st March 2025. The accounts for New Life Christian Centre were independently examined by “Independent Examiners Ltd”.
Reserves Policy:
The trustees have considered the level of reserves they wish to retain, appropriate to the charity’s needs. This is based on the charity’s size and level of financial commitments held. The trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.
6_Future Plans:
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•To grow in faith and numbers as God permits.
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•To remain faithful to preaching the whole counsel of God as defined in the gospel of Jesus Christ.
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•To maintain an evangelical witness to our town and district.
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•To operate efficiently and wisely, stewarding the resources that have been given to us by God.
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•To equip our people to fulfil their function in the local church.
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•To provide a safe and secure environment to bring up the children of the fellowship.
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NEW LIFE CHRISTIAN CENTRE ANEW LIFE CHRISTIAN CENTRE TRUSTEES' ANNUAL REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2025 FOR THE YEAR ENDED 315T MARCH 2025:
Responsibilities of Trustees Bespornsibiiitiesof Trustees
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Charity Charity law kw requires requires the the Board Board of of Trustees Trustees to to prepare prepare financial fnarcoal statements stetemerts for for each each fnarciad financial year which give a true and fair view of the state of affaira of the charpy and of its incoming resources year ehhh give a trim arid Pair veiw
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of the state of affairs of the charity and of its incoming resources and resources expended for the period. In preparing those financial statements, the Board af Truthees should follow best practiceandandresourcesarg requiredexpendedta; for the period. In preparing thoge
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financial statements, the Board of Trustees should follow best practice and are required to; « Ssilect sulbeble socoonting polities and apply hem consstenth;
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● select suitable accounting policies and apply them consistently 7 fain. Judgments ard estimates that are reasonable and prudent
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● make judgments and estimates that are reasonable and prudent /* comely with aoplicabhe socounting standards subpect 0 2 material departures misciesed and explained
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● comply with applicable accounting standards subject to any material departures disclosed and explained in the financial shatarmnents in the financial statements = Prepare the finaneial statenents on the going concern basis unless It is neppropriete to presume Hat the ● prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continuein operation charity will continue in operation
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The 1503. Board They of Trustees aré ao is reapenghle responsible for for safeguarding maintaining the proper assets accounting of the charity records and which henoa disclose for talong with reasonable magsonable accuracy steoe for at any the time prevention the financial and datecbon position of of the fraud charity and onter and ivvequilarities to enable them and to to ensure provide that reasonainle the financial assurance statements thats comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities and to provide reasonable assurance that:. the charity 4d oderating eficently and afectively s 8 aS8605 ore Safegueried against UnaUTAOnee use or disposition and ere property aoplled
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● the charity is operating efficiently and effectively
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all assets are safeguarded against unauthorised use or disposition and are properly applied etnatiHe
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proper records are maintained and financial information used within the charity or for publication is * the charity complies with relevant bows and regeatans reliable
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NEW LIFE CHRISTIAN CENTRE
INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS
Report to the trustees/ members of New Life Christian Centre on the accounts for the year ended 31st March 2025 set out on pages 11 to 20.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2022 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with general directions given by the Charity Commission. 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 seeking 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 no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention
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which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Zita Derbak AATQB MAAT
Independent Examiners Ltd Sign: Zh r@) The Grain Store Hills Barns Appledram Lane South Date: 23.01.2026 Chichester, West Sussex PO20 7EG
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NEW LIFE CHRISTIAN CENTRE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025
| Notes INCOMING RESOURCES Donations & Legacies 3a Investment Income 3b Charitable Activities 3c Other Income 3d Other Incoming Resources 3e TOTAL INCOMING RESOURCES Costs of Charitable Activities 4a NET INCOMING/(OUTGOING) RESOURCES TOTAL FUNDS BROUGHT FORWARD YE23 Adjustment TOTAL FUNDS CARRIED FORWARD NET MOVEMENT IN FUNDS TOTAL RESOURCES EXPENDED TRANSFERS BETWEEN FUNDS RESOURCES EXPENDED |
Unrestricted Restricted Designated Total Total Funds Funds Funds 2024/25 2023/24 £ £ £ £ 65,287 - - 65,287 64,972 130 - - 130 207 18,473 - - 18,473 24,338 230 - - 230 1,362 3,451 - - 3,451 2,886 87,571 - - 87,571 93,766 83,291 - 1,010 84,301 86,590 83,291 - 1,010 84,301 86,590 4,280 - (1,010) 3,270 7,177 1,071 - (1,071) - - 5,351 - (2,081) 3,270 7,177 351,236 - 2,795 354,032 351,175 - - - - (4,320) 356,587 - 714 357,302 354,032 |
|---|---|
All of the Charity's operations are classed as continuing operations.
The notes form part of these financial statements, found on pages:13 to 20
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NEW NEW LIFE CHRISTIAN CENTRE LIFE CHRISTIAN CENTRE
BALANCE BALANCE SHEET SHEET AS AS AT 31 MARCH 2025 AT 21 MARCH 2025
| Fixed Asante | fechas | Unrestricted Restricted Fund Funds £ Unnesticted 8 =Restricted Fund Funes. £ |
Unrestricted Restricted Fund Funds £ Unnesticted 8 =Restricted Fund Funes. £ |
Total 31-Mar-25 £ Total 31-Mar-25 ic |
Total 31-Mar-24 £ Total 31-Mar-24 c |
|---|---|---|---|---|---|
| Fixed Assets Tangibes Assets |
Notes 2 |
07,376 | = | #07,376 | 08,420 |
| Tangible Assets Travesiment Asset |
2 F |
407,376 - |
- = |
407,376 . |
408,420 “ |
| Investment Assets Current Assets Total Current Assets Cash at bank and in hand Creditors:due within one year NET CURRENT ASSETS Debtors & Prepayments TOTAL ASSETSless current liabilities Curract Assets Detar: & Prepayments Cash at bank and in hand Total Current Agaets: Creditor due wehin ocw yaar HETCURRENT455075 TOTAL ASSETS tess curert liabilibes Craditers:; dus in more than one year |
7 9 8 10 EJ a 10 bi |
- 407,376 4,392 7,847 12,239 20,328 (8,089) 399,287 O07,376 4,792 7AaT it,238 20,728 (5,085) Bee,287 44,985 |
- - - - - - - - - - . - - . - . |
- 407,376 4,392 7,847 12,239 20,328 (8,089) 399,287 407 276 4,392 7,a47 12,230 a0,328 (e088) aoe 287 41,985 |
|
| NET ASSETS Creditors:due in more than one year HET ASSETS PUSSOF THECHARITY |
11 | 41,985 357,302 357,302 |
- - - |
41,985 357,302 357 302 |
55,347 354,032 354,032 |
| Garena Furnis Restricted Amce |
5 | 256,587 =" |
a “ |
356,587 . |
5812 = |
| FUNDS OF THE CHARITY DesignatedPins |
6 | Tia | 7 | Fila | 7 |
| General Funds | 356,587 | - | 356,587 | 351,236 | |
| Designated Funds Restricted funds TOTALFUNDS |
5 6 |
- 714 - B57 302 |
- - - |
- 714 aS?.302 |
- 2,795 384,033 |
| TOTAL FUNDS | 357,302 | - | 357,302 | 354,032 | |
| Approved by the Trustees on Approved by theTrusteesan SNESpaaol SigelontheirehalttyTrane...ees Becon |
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| Signed on their behalf by Trustee................................................................................................................... | |||||
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| Print Name:…............................................................ | |||||
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| Signed on their behalf by Trustee.................................................................................................................... | |||||
| Print Name:…............................................................ |
NEW LIFE CHRISTIAN CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
1. ACCOUNTING POLICIES
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.
Basis of preparation:
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2022.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
Recognition of Incoming Resources
These are included in the Statement of Financial Activities (SOFA) when:
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the charity becomes entitled to the resources;
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the trustees are virtually certain they will receive the resources; and
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the monetary value can be measured with sufficient reliability.
Incoming Resources with Related expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SOFA.
Grants and Donations
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Tax Reclaims on Donations and Gifts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
Contractual Income and Performance Related Grants
This is only included in the SOFA once the related goods or services has been delivered.
Gifts in Kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as income receivable.
Volunteer Help
The value of any voluntary help received is not included in the accounts and is described in the Report of the Trustees.
Donated Services and Facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
Investment Income
This is included in the accounts when receivable.
Investment Gains and Losses
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
This page does not form part of the statutory financial statements
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NEW LIFE CHRISTIAN CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
1. ACCOUNTING POLICIES (continued)
Expenditure and Liabilities
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advise to trustees on governance or constitutional matters.
Grants with Performance Conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
Grants Payable without Performance Conditions
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
Investments
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.
Pensions
Pension contributions are charged to the Statement of Financial Activities as they become payable.
Fund Accounting
Funds held by the charity are either:
1. Unrestricted funds
These are funds which can be used in accordance with the charity's objectives, at the discretion of the trustees.
2. Restricted funds
These are funds that can only be used for particular restricted purposes within the objects of the charity.
3. Designated funds
These funds are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Fixed Assets
Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
Depreciation Expense
Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:
Land & Buildings 0% General Equipment 10% straight line method
There has been no change to the accounting polices (Variation rules and methods of accounting) since last year.
This page does not form part of the statutory financial statements
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NEW LIFE CHRISTIAN CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
2. TANGIBLE FIXED ASSETS
| Additions Cost At 1 April 2024 At 31 March 2025 Net Book Value At 31 March 2025 At 31 March 2024 At 31 March 2025 Accumulated Depreciation At 1 April 2024 Charge for the Year |
General Equipment Land & Buildings 2024/25 £ £ £ 83,938 402,637 486,575 - - - 83,938 402,637 486,575 78,154 - 78,154 1,044 - 1,044 79,198 - 79,198 4,740 402,637 407,376 5,784 402,637 408,420 |
|---|---|
The annual commitments under non-cancelling operating leases and capital commitments are as follows:
31st March 2024 : None 31st March 2025 : None
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NEW LIFE CHRISTIAN CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
3. INCOMING RESOURCES
| Note c) Activities for Generating Funds d) Income from church activities Community Café Books & Publications Repairs & Maintenance Fellowship Income Car Parking Receipts Hire of Church Rooms a) Donations & Legacies Gifts & Donations Gift Aid Tax Recovered Pledges Ministry Support Interest Received e) Other Incoming Resources Sundry Income b) Investment Income |
Unrestricted Restricted Designated Total Total Funds Funds Funds 2024/25 2023/24 £ £ £ £ 50,145 - - 50,145 50,042 11,542 - - 11,542 11,726 1,540 - - 1,540 1,725 2,060 - - 2,060 1,480 65,287 - - 65,287 64,972 130 - - 130 207 130 - - 130 207 3,281 - - 3,281 2,758 13,911 - - 13,911 20,136 1,281 - - 1,281 1,444 18,473 - - 18,473 24,338 99 - - 99 92 131 - - 131 1,265 - - - - 5 230 - - 230 1,362 3,451 - - 3,451 2,886 3,451 - - 3,451 2,886 |
|---|---|
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NEW LIFE CHRISTIAN CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
4. RESOURCES EXPENDED
| 4. RESOURCES EXPENDED | ||||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Designated | Total | Total | ||||
| Note | Funds | Funds | Funds | 2024/25 | 2023/24 | |||
| £ | £ | £ | £ | |||||
| Charitable Activities:- | ||||||||
| Bank & Interest Charges of Mortgage | 4,553 | - | - | 4,553 | 4,995 | |||
| Books , Leaflets, Info | 331 | - | - | 331 | 322 | |||
| Car Allowance | 1,105 | - | - | 1,105 | 1,178 | |||
| Catering and Cleaning Costs | 792 | - | - | 792 | 707 | |||
| Community Café | 1,491 | - | - | 1,491 | 1,612 | |||
| Computer Equipment | 373 | - | - | 373 | 254 | |||
| Depreciation Expense | 1,044 | - | - | 1,044 | 1,466 | |||
| Evangelism | 85 | - | - | 85 | 148 | |||
| Fellowship Expenses | 126 | - | - | 126 | 1,211 | |||
| Grants: Gifts & Donations | 6 | 1,799 | - | 85 | 1,884 | 2,049 | ||
| Grants-Missions (H & OS) | 6 | - | - | 925 | 925 | 1,185 | ||
| Insurance Costs | 2,663 | - | - | 2,663 | 2,744 | |||
| Printing, Postage & Stationery | 564 | - | - | 564 | 467 | |||
| Rent & Hires | - | - | - | - | 361 | |||
| Repairs & Maintenance | 6,488 | - | - | 6,488 | 5,515 | |||
| Staff Costs | 39,205 | - | - | 39,205 | 28,421 | |||
| Inland Revenue | - | - | - | - | 6,841 | |||
| Pensions | 7,127 | - | - | 7,127 | 6,561 | |||
| Sundry Expenses | 3,656 | - | - | 3,656 | 3,974 | |||
| Telephone Costs | 1,271 | - | - | 1,271 | 1,054 | |||
| Training Costs | 400 | - | - | 400 | 75 | |||
| Utility Costs | 8,597 | - | - | 8,597 | 13,864 | |||
| Visiting Speakers | 130 | - | - | 130 | 250 | |||
| Youth & Children | 26 | - | - | 26 | 45 | |||
| Governance costs:- | ||||||||
| Independent Examiner's Fees | 1,154 | - | - | 1,154 | 30 | |||
| Legal & Professional fees | 311 | - | - | 311 | 1,260 | |||
| 83,291 | - | 1,010 | 84,301 | 86,590 |
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NEW LIFE CHRISTIAN CENTRE
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025
5. RESTRICTED FUNDS
The Charity held no Restricted Funds during this or the previous financial period.
6. DESIGNATED FUNDS
CURRENT FINANCIAL YEAR
| Christian Mission Youth & Children Total unrestricted funds Total Designated Funds General Funds |
Balance Balance 01-Apr-24 Income Expenditure Transfer 31-Mar-25 £ £ £ £ £ 357 - (1,010) 1,085 432 2,438 - - (2,156) 282 2,795 - (1,010) (1,071) 714 351,236 87,571 (83,291) 1,071 356,587 354,032 87,571 (84,301) - 357,302 |
|---|---|
PREVIOUS FINANCIAL YEAR
| Prior year adjustment Youth & Children Christian Mission Total Designated Funds General Funds Total unrestricted funds |
Balance Balance 01-Apr-23 Income Expenditure Transfer 31-Mar-24 £ £ £ £ 262 1,365 (1,270) - 357 2,438 - - - 2,438 2,700 1,365 (1,270) - 2,795 348,474 92,401 (85,320) - 355,556 (4,320) - - - (4,320) 346,855 93,766 (86,590) - 354,032 |
|---|---|
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NEW LIFE CHRISTIAN CENTRE
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025
7. INVESTMENTS
The Charity held no investment assets during this or the previous financial period.
8. CASH AT BANK AND IN HAND
| Kingdom Bank Savings Account Youth & Children Account General Current Account Holding Account Missions Account Evangelism Account Petty Cash |
Unrestricted Restricted Designated Total Total Funds Funds Funds 31-Mar-25 31-Mar-24 £ £ £ £ 1,460 - - 1,460 593 3,159 - 2,176 5,335 14,685 - - 432 432 357 188 - - 188 180 74 - - 74 73 - - 282 282 262 76 - - 76 63 4,957 - 2,890 7,847 16,213 |
|---|---|
9. DEBTORS AND PREPAYMENTS
| Kingdom Bank Loan Sundry Creditors Independent Examiner's Fee Kingdom Bank Loan 10. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued debtors 11. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE IN MORE THAN ONE YEAR |
Unrestricted Restricted Designated Total Total Funds Funds Funds 31-Mar-25 31-Mar-24 £ £ £ £ 4,392 - - 4,392 5,646 4,392 - - 4,392 5,646 Unrestricted Restricted Designated Total Total Funds Funds Funds 31-Mar-25 31-Mar-24 £ £ £ £ 17,225 - - 17,225 16,535 1,903 - - 1,903 3,149 1,200 - - 1,200 1,217 20,328 - - 20,328 20,901 Unrestricted Restricted Designated Total Total Funds Funds Funds 31-Mar-25 31-Mar-24 £ £ £ £ 41,985 - - 41,985 55,347 41,985 - - 41,985 55,347 |
|---|---|
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NEW LIFE CHRISTIAN CENTRE
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025
12. STAFF COSTS AND NUMBERS
| Gross Wages & Salaries Employer's National Insurance Costs Pension Contributions |
TOTAL 2024/25 £ 39,205 - 7,127 46,332 |
TOTAL 2023/24 £ 36,140 3,731 6,171 46,042 |
|---|---|---|
Average number of employees who were engaged in each of the following activities:
| Charitable Activities | TOTAL 2024/25 1 1 |
TOTAL 2023/24 1 1 |
|---|---|---|
The Charity operates a PAYE scheme to pay all employed members of staff and no employees received emoluments in excess of £60,000. (2023/24- None)
13. TRUSTEES AND OTHER RELATED PARTIES
Trustee and pastor Gary Brown received a salary of £39,205 in the current financial year (2023/24: £36,140). No other payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them. (2023/24- None)
14. RISK ASSESSMENT
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
15. RESERVES POLICY
The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.
16. PUBLIC BENEFIT
The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees' report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
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