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← New Community Network

2025-08-31-accounts

NEW COMMUNITY NETWORK

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 AUGUST 2025

The trustees present their annual report and financial statements for the year ended 31 August 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

The objectives of the charity are:

The Trustees have considered and have had due regard to the Commission’s guidance on public benefit and, in particular, the specific guidance on activities for the advancement of religion ~~.~~

The Trustees are satisfied that the objectives of the Charity have been met, and that appropriate procedures and controls are in place to ensure continued operation ~~.~~

Grant making policy

The charity is not primarily a grant making charity and does not solicit applications from organisations or individuals ~~.~~ We will from time to time make grants from our own funds or specifically raise funds for projects undertaken by other organisations ~~.~~ This would normally be in a geographical location and for a purpose we cannot undertake ourselves e.g ~~.~~ international crisis relief ~~.~~

We will also make small grants to individuals with whom we have personal contact to enable them to achieve one of our charitable objectives. All grants are monitored to ensure they are used for the purpose that they are given.

Grants made during the year amounted to £113,021 (2024: £124,446) and were made up of £21,281 of grants to individuals (2024: £48,112) and £91,740 of grants to institutions (2024: £76,334). An analysis of institutional grants made above £10,000 is provided in note 10 in the accounts.

Achievements and performance

New Community Church’s expressions of church at both Central Hall and in the Sholing area of Southampton continued to meet throughout 2024/25.

These congregations have continued to be supported by a wide variety of small group activities throughout the week including Alpha courses for those exploring faith, group activities for young people, prayer meetings and learning opportunities for those who want to study in more depth.

Advance Education

We continue to partner with New Generation Schools Trust to deliver primary education through Hope Community School. The school are currently tenants of Central Hall as a temporary site whilst permanent facilities are being built nearby. A new site for the school has been secured and work is underway to design and build a new school. We expect Hope School to be tenants of Central Hall for two more years ~~.~~ As a church we have an agreement to provide governance, chaplaincy, volunteers and wrap ~~-~~ around services to the school.

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NEW COMMUNITY NETWORK

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

Promote Creative Arts

We have provided a supportive environment for artists, singers, and musicians ~~.~~ Local orchestras, bands, and choirs regularly use Central Hall as a performance venue. These are booked through our trading subsidiary, New Community Ventures, which has seen a growing momentum of bookings through 2024/25.

Relief of the poor and those in need, hardship or distress

Our ‘Community Hub’ at Central Hall, which provides an umbrella for the various caring initiatives that we operate has continued to function throughout the year, with an increase in the numbers attending. We have been able host a variety of groups ~~-~~ including, Creative English classes, and Warm Space with up to 70 guests attending each week.

Through the work of our Hope Community School chaplain, we have supported children and families from the local area with targeted educational and practical support. The Baby Branch has continued to operate, providing baby clothes and equipment to parents in need. We have also been able to provide local community members with food through a weekly Fare Share operation, and we operate a weekly Hopers Hive, where families can drop in for support and chat once a week after school.

We have continued to support the work of the Kibera Saints and Umoja group in Kibera, Kenya. The Kibera Saints offer mentoring for school age children to enable them to cope with the hazards and deprivation due to living in the largest slum in Africa. We have also been able to sponsor other relief projects in Africa and India.

Financial review

The principal funding sources for the Charity are voluntary donations and income from hire of facilities ~~.~~ These funds are used to operate the church congregations and projects with a Christian ethos.

Voluntary giving decreased to £518,173 (2024: £528,520) ~~.~~ Unrestricted voluntary income, which includes donations, related tax recovered and grants, was £558,829 (2024: £547,354) and restricted voluntary income £59,349 (2024 ~~-~~ £82,183) ~~.~~

The Consolidated Statement of Financial Activities reports an overall surplus of £123,523 (2024: surplus of £76,430) for the year. However, this includes a depreciation charge, which is a non ~~-~~ cash item, of £53,757 (2024: £49,900) ~~.~~

Capital expenditure in the year was £32,458 (2024: £19,347) ~~.~~

The balance outstanding on our bank loan as at the end of the financial year was £199,685 (2024: £231,773) ~~.~~ New Community Ventures Ltd (NCV) madea profit of £187,244 (2024: £166,811) ~~.~~

Total funds held as at 31 August 2025 were £1,483,650 (2024: £1,360,127), of which £140,017 (2024: £184,514) were restricted, and £1,343,634 (2024: £1,175,613) were unrestricted ~~.~~

Reserves policy

The board of trustees has examined the charity’s requirements for reserves in the light of the main risks to the organisation ~~.~~ The main risk to be mitigated against is the potential loss of income from when Hope School vacate the premises to move to their new school. The charity will build up the reserves in order to cover a temporary loss of income from when Hope School move to their new premises ~~.~~ The board of Trustees expect the reserves to be sufficient such that they would be able to continue the current activities of the Charity and allow New Community Ventures time to build up income from other activities at Central Hall.

The group free reserves (defined as the unrestricted net current assets of the group) at 31 August 2025 were £420,820 (2024: £264,262).

Investment policy

The board of trustees has considered the most appropriate policy for investing the charity's short ~~-~~ term funds and has found that interest bearing current accounts and deposit accounts, designed for the charity sector, meet their requirements to generate a reasonable return with security of capital and ease of access as projects develop ~~.~~ The board of trustees considers the return on investments to be adequate. The charity has no long ~~-~~ term cash investments ~~.~~

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NEW COMMUNITY NETWORK

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Plans for future periods

We have benefited significantly from the use of Central Hall by Hope Community School over the past 8 years ~~.~~ The school has now purchased a site on which to build a new school facility and the current licence agreement will come to an end in September 2027.

Structure, governance and management

Governing document

New Community Network is a charitable company limited by guarantee, incorporated on 10 June 1998 as The Cornerstone Network and registered as a charity on 30 November 1998 ~~.~~ The name was changed to New Community Network at an Extraordinary General Meeting held on 19 September 2005.

The company was established under a Memorandum of Association that established the objects and powers of the charitable company and is governed under its Articles of Association which was amended by special resolution on 29 March 2022 ~~.~~

New Community Ventures Limited

New Community Ventures Limited is a private company limited by shares, incorporated on 27 January 2017 ~~.~~ New Community Network owns the entire share capital.

Recruitment and appointment of board of trustees

Trustees are normally, but not exclusively, recruited from the members of the church congregations who are all fully supportive of our aims and practically involved in the work of the charity ~~.~~ We aim to keep a balance of skills and backgrounds to facilitate the efficient functioning of the group. A comprehensive package of training utilising Charity Commission publications and other materials is provided to ensure that trustees are aware of their responsibilities and the hallmarks of good governance.

Organisational structure and decision making processes

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr C N D Romilly

MrA Sheen

Mrs K Swift Mr J Cathie Mr J Sargent Ms S E Chart

Membership ~~—~~ The Charity Members form a panel of reference for the full time staff and volunteers ~~.~~ They meet formally at the Annual General Meeting and appoint the trustees ~~.~~

Board of Trustees ~~—~~ The Trustees meet once per quarter to review progress against activities planned and set budgets for the year. Individual trustees work closely with staff to ensure best practice is applied and good governance is maintained ~~.~~

Leadership Team ~~—~~ The Leadership Team meet weekly to oversee the day to day running of the organisation, assess the effectiveness of the various teams and manage the budget.

The pay and remuneration of the Charityss key management personnel are set by benchmarking against equivalent roles in similar organisations in the charity sector ~~.~~ They are reviewed annually and are subject to individual and company performance ~~.~~

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Dated: 30 January 2026 oo... eeeeeee

NEW COMMUNITY NETWORK

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 AUGUST 2025

The trustees, who are also the directors of New Community Network for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

~~-~~ select suitable accounting policies and then apply them consistently;

~~-~~ observe the methods and principles in the Charities SORP;

~~-~~ make judgements and estimates that are reasonable and prudent;

~~-~~ state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

~~-~~ prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation ~~.~~

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. 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.

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NEW COMMUNITY NETWORK

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NEW COMMUNITY NETWORK

Opinion

We have audited the financial statements of New Community Network (the ‘parent charitable company’) and its subsidiary together (the 'group') for the year ended 31 August 2025 which comprise the group and parent charitable company statement of financial activities, the statement of financial position, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report ~~.~~ We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion ~~.~~

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue ~~.~~

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon ~~.~~ Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact ~~.~~

We have nothing to report in this regard ~~.~~

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

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NEW COMMUNITY NETWORK

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF NEW COMMUNITY NETWORK

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees’ report ~~.~~

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists ~~.~~ Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements ~~.~~

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

The extent to which the audit was considered capable of detecting irregularities including fraud Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non ~~-~~ compliance with laws and regulations, was as follows:

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NEW COMMUNITY NETWORK

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF NEW COMMUNITY NETWORK

We assessed the susceptibility of the group's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

Audit response to risks identified

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non ~~-~~ compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above ~~.~~ The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non ~~-c~~ ompliance. Auditing standards also limit the audit procedures required to identify non ~~-~~ compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any ~~.~~

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion ~~.~~

A further description of our responsibilities is available on the Financial Reporting Council's website at: https:// www.f ~~r~~ c. ~~o~~ rg. ~~u~~ k/auditorsresponsibilities ~~.~~ This description forms part of our auditor's report ~~.~~

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 ~~.~~ Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed ~~.~~

Mr Colin James Dadswell FCCA (Senior Statutory Auditor) for and on behalf of Caladine Limited

03/02/2026

Chartered Certified Accountants

Statutory Auditor

Chantry House 22 Upperton Road Eastbourne East Sussex BN21 1BF

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CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 AUGUST 2025
Unrestricted Restricted Total Total
funds funds 2025 2024
Notes £ £ £ £
Income and endowments from:
Donations and legacies 3 558,829 59,348 618,177 629,537
Charitable activities 4 16,628 - 16,628 21,829
Other trading activities 5 614,362 - 614,362 601,550
Investments 6 14,654 - 14,654 2,175
Other income 7 338 - 338 1,557
Total income 1,204,812 59,348 1,264,159 1,256,648
Expenditure on:
Raising funds 8 523,879 - 523,879 515,676
Charitable activities 9 503,536 110,846 614,382 664,542
Other 12 2,376 - 2,376 -
Total resources expended 1,029,791 110,846 1,140,637 1,180,218
Net incoming resources
before transfers 175,021 (51,498) 123,522 76,430
Gross transfers between funds 22 (7,000) 7,000 - -
Net income/(expenditure) for the
year/Net movement in funds 168,021 (44,498) 123,522 76,430
Fund balances at 1 September 2024 1,175,613 184,514 1,360,127 1,283,697
Fund balances at 31 August 2025 1,343,634 140,016 1,483,649 1,360,127
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The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 AUGUST 2024

Unrestricted Restricted Total funds funds 2024 Notes £ £ £ Income and endowments from: Donations and legacies 3 547,354 82,183 629,537 Charitable activities 4 21,829 - 21,829 Other trading activities 5 601,550 - 601,550 Investments 6 2,175 - 2,175 Other income 7 1,557 - 1,557 Total income 1,174,465 82,183 1,256,648 ~~Expenditure on:~~ Raising funds 8 515,676 - 515,676 Charitable activities 9 521,907 142,635 664,542 Other 12 - - - Total resources expended 1,037,583 142,635 1,180,218 Net incoming resources before transfers 136,882 (60,452) 76,430 Gross transfers between funds 22 (22,381) 22,381 - Net income/(expenditure) for the year/Net movement in funds 114,501 (38,071) 76,430 Fund balances at 1 September 2023 1,061,112 222,585 1,283,697 Fund balances at 31 August 2024 1,175,613 184,514 1,360,127 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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CHARITY STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 AUGUST 2025
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Unrestricted Restricted Total Total
funds funds 2025 2024
£ £ £ £
Income and endowments from:
Donations and legacies 724,466 59,348 783,814 787,418
Charitable activities 16,628 - 16,628 21,829
Other trading activities 1,200 - 1,200 1,200
Investments 14,654 - 14,654 2,175
Other income 130 - 130 1,558
Total income 757,078 59,348 816,426 814,180
Expenditure on:
Raising funds 3,206 - 3,206 1,893
Charitable activities 598,082 110,846 708,928 744,786
Other 2,376 - 2,376 -
Total resources expended 603,664 110,846 714,510 746,679
Net incoming resources
before transfers 153,414 (51,498) 101,916 67,501
Gross transfers between funds (7,000) 7,000 - -
Net income for the year/
Net movement in funds 146,414 (44,498) 101,916 67,501
Fund balances at 1 September 2024 1,160,651 184,514 1,345,165 1,277,664
Fund balances at 31 August 2025 1,307,065 140,016 1,447,081 1,345,165
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The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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CHARITY STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 AUGUST 2024
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Unrestricted Restricted Total
funds funds 2024
£ £ £
Income and endowments from:
Donations and legacies 705,235 82,183 787,418
Charitable activities 21,829 - 21,829
Other trading activities 1,200 - 1,200
Investments 2,175 - 2,175
Other income 1,558 - 1,558
Total income 731,997 82,183 814,180
Expenditure on:
Raising funds 1,865 28.00 1,893
Charitable activities 602,179 142,607 744,786
Other - - -
Total resources expended 604,044 142,635 746,679
Net incoming resources
before transfers 127,953 (60,452) 67,501
Gross transfers between funds (22,381) 22,381 -
Net income for the year/
Net movement in funds 105,572 (38,071) 67,501
Fund balances at 1 September 2023 1,055,079 222,585 1,277,664
Fund balances at 31 August 2024 1,160,651 184,514 1,345,165
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The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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STATEMENTS OF FINANCIAL POSITION AS AT 31 AUGUST 2025

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Group Charity
2025 2024 2025 2024
Notes £ £ £ £
Fixed assets
Property, plant and equipment 14 1,083,764 1,107,438 1,047,416 1,092,766
Investments 15 - - 1,000 1,000
1,083,764 1,107,438 1,048,416 1,093,766
Current assets
Inventories 1,248 1,008 - -
Trade and other receivables 16 49,596 47,802 43,944 55,406
Investments 17 314,354 300,036 314,354 300,036
Cash at bank and in hand 355,640 246,173 280,379 154,221
720,838 595,019 638,677 509,663
Current liabilities 18 (160,002) (146,243) (79,063) (62,177)
Net current assets 560,836 448,776 559,614 447,486
Total assets less current liabilities 1,644,600 1,556,214 1,608,030 1,541,252
Non-current liabilities 19 (160,949) (196,087) (160,949) (196,087)
Net assets 1,483,650 1,360,127 1,447,081 1,345,165
Income funds
Restricted funds 22 140,016 184,514 140,016 184,514
Unrestricted funds 1,343,634 1,175,613 1,307,065 1,160,651
1,483,649 1,360,127 1,447,081 1,345,165
The financial statements were approved by the Trustees on —
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Mr CN7 Chair of Trustees

Company Registration No. 03578938

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CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 AUGUST 2025

2025 2024 Notes £ £ £ £ Cash flows from operating activities Cash generated from operations 26 173,337 155,331 Investing activities Purchase of property, plant and equipment (32,458) (19,347) Proceeds on disposal of property, plant and equipment 338 1,767 Purchase of current asset investments - (300,036) Proceeds on disposal of investments (14,318) - Income from investments 14,654 2,175 Net cash used in investing activities (31,784) (315,441) Financing activities Repayment of bank loans (32,088) (30,488) Net cash used in financing activities (32,088) (30,488) Net (decrease)/increase in cash and cash equivalents 109,466 (190,598) Cash and cash equivalents at beginning of year 246,173 436,771 Cash and cash equivalents at end of year 355,639 246,173

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NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

Company information New Community Network is a charitable company limited by guarantee incorporated in England and Wales. The registered office is Central Hall, St Mary Street, Southampton, Hants, SO14 1NF.

1.1 Accounting convention The accounts have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The group financial statements include the accounts of New Community Network (the charity) and its subsidiary New Community Ventures Limited.

1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3. Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Other trading income is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies (Continued)

1.5 Expenditure Liabilities are recognised when a constructive obligation exists, the payment is probable and the obligation can be measured or estimated reliably. Resources expended are allocated to the particular cost centre to which they relate and include irrecoverable VAT.

Grants payable are charged in the year in which the offer is conveyed to the recipient except in those cases where the offer is conditional.

1.6 Property, plant and equipment Property, plant and equipment are initially measured at cost and subsequently measured at cost , net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Freehold land and buildings 50 years straight line

Plant and equipment 5 - 10 years straight line Fixtures and fittings 5 - 10 years straight line Computers 3 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year. Items of equipment are capitalised where the purchase price exceeds £1,000.

1.7 Non-current investments Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities. 1.8 Impairment of non-current assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Intangible assets with indefinite useful lives and intangible assets not yet available for use are tested for impairment annually, and whenever there is an indication that the asset may be impaired. 1.9 Inventories

Inventories are stated at lower of cost and estimated selling price less costs to sell.

1.10 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies (Continued)

1.11 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities Basic financial liabilities, including trade and other payables and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. 1.12 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.13 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.14 Leases Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease.

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

2 Critical accounting estimates and judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Donations and legacies Unrestricted Restricted Total Total funds funds 2025 2024

3 Donations and legacies

----- Start of picture text -----
£ £ £ £
Donations and gifts 551,929 59,348 611,278 626,237
Grants 6,900 - 6,900 3,300
558,829 59,348 618,178 629,537
Donations and gifts 2025
Donations and gifts 463,257 54,916 518,173
Gift aid 88,673 4,432 93,105
551,929 59,348 611,278
Donations and gifts 2024
Donations and gifts 453,107 75,413 528,520
Gift aid 90,947 6,770 97,717
544,054 82,183 626,237
----- End of picture text -----

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NEW COMMUNITY NETWORK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

----- Start of picture text -----
4 Charitable activities 2025
Unrestricted Restricted
funds funds Total 2025 Total 2024
£ £ £ £
Fee income 16,628 - 16,628 21,829
Charitable activities 2024
Unrestricted Restricted
funds funds Total 2024
£ £ £
Fee income 21,829 - 21,829
5 Other trading activities 2025
Unrestricted Restricted
funds funds Total 2025 Total 2024
£ £ £ £
Rental and hire charges 614,362 - 614,362 601,550
Other trading activities 2024
Unrestricted Restricted
funds funds Total 2024
£ £ £
Rental and hire charges 601,550 - 601,550
----- End of picture text -----

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48,153 - 48,153 45,073 96,040 - 96,040 103,964 5,299 - 5,299 2,829 8,874 - 8,874 759 69,303 - 69,303 74,892 9,116 - 9,116 4,295 107,943 - 107,943 106,651 523,879 - 523,879 515,676 Restricted funds funds Total 2024 £ £ 177,213 - 177,213 45,073 - 45,073 103,964 - 103,964 2,829 - 2,829 759 - 759 74,892 - 74,892 4,295 - 4,295

45,073

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

9 Charitable activities

Staff costs Counselling, events, courses and community work

Grant funding of activities (see note 10) Share of support costs (see note 11) Share of governance costs (see note 11) Analysis by fund Unrestricted funds Restricted funds

10 Grants payable

Grants to institutions: Umoja Pioneer Trust Missionary Maintenance Services Other grants below £10,000

Grants to individuals

2025
£
259,106
72,150		 2024
£
285,093
62,534
331,255
113,021
156,118
13,988		 347,627
124,446
171,577
20,892
614,382 664,542
503,536 521,907
110,846 142,635
614,382 664,542
2025
£
13,812
25,075
24,000
28,853		 2024
£
9,197
25,211
4,000
37,926
91,740
21,281		 76,334
48,112
113,021 124,446

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44,640 45,605

45,605

2,334,585 32,458

2,343,115

46,477

----- Start of picture text -----
49,596 47,802 43,944
----- End of picture text -----

49,835

----- Start of picture text -----
79,063 62,177
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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

19 Non-current liabilities

Non-current liabilities
Notes
Bank loans
20		 2025
£
160,949		 Group Charity
2024
2025
£
£
196,087
160,949		 2024
£
196,087
Borrowings
Bank loans		 2025
£
199,685		 Group Charity
2024
2025
£
£
231,773
199,685		 2024
£
231,773
Payable within one year
Payable afterone year		 38,736
160,949		 35,686
38,736
196,087
160,949		 35,686
196,087
199,685 231,773
199,685		 231,773
Amounts included above which falls after five years:
Payablebyinstalments		 - 22,419
-		 22,419

20 Borrowings

Amounts included above which falls after five years:

The mortgage is secured on the property at Central Hall, St Mary Street, Southampton, SO14 1NF.

21 Retirement benefit schemes Defined contribution schemes The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. The charge to profit or loss in respect of defined contribution schemes was £26,508 (2024: £27,854).

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4,905

NEW COMMUNITY NETWORK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

22 ~Restricted funds 2024

Movement in funds

Balance at 1 September Incoming Resources Balance at 31 2023 resources expended Transfers August 2024 £ £ £ £ £ Relief International: Jeevan Asha 14,711 10,585 (8,033) - 17,263 Kibera development 1,548 20,514 (24,657) 7,500 4,905 Missionary maintenance services 10,116 13,708 (4,032) - 19,792 School of ministry 3,134 23,451 (32,966) 6,381 - Relief local: Central hall fund 1,301 - (1,301) - - Hardship fund 1,552 669 (259) 1,000 2,962 Rest and recoup fund 159,503 - (30,762) - 128,741 $014 Mission fund 16,678 - (12,754) - 3,924 Special Guardians 357 - (357) - - Heat & Eat Response fund 5,407 2,084 (5,439) 1,500 3,552 Cuban Family Support 6,279 7,185 (19,464) 6,000 - Next Generation Development - 2,400 - - 2,400 Minor restricted funds 1,999 1,587 (2,611) - 975 222,585 82,183 (142,635) 22,381 184,514

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NEW COMMUNITY NETWORK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

----- Start of picture text -----
23 Analysis of net assets between funds
Unrestricted Restricted
funds funds Total
£ £ £
Fund balances at 31 August 2025 are represented by:
Property, plant and equipment 1,083,764 - 1,083,764
Current assets/(liabilities) 420,820 140,016 560,836
Long term liabilities (160,949) - (160,949)
1,343,634 140,016 1,483,650
Unrestricted Restricted
funds funds Total
£ £ £
Fund balances at 31 August 2024 are represented by:
Property, plant and equipment 1,107,438 - 1,107,438
Current assets/(liabilities) 264,262 (184,514) 79,748
Long term liabilities (196,087) - (160,949)
1,175,613 (184,514) 1,026,237
----- End of picture text -----

NEW COMMUNITY NETWORK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

24 _ Related party transactions

Remuneration of key management personnel The remuneration of key management personnel is as follows.

2025 2024 £ £

106,706 156,574

The trustees and their close family or associated companies have donated an aggregate sum of £52,779 (2024: £55,306) to the charity.

~~Transactions with group companies~~

New Community Network was owed £34,194 (2024: £46,447) from New Community Ventures Limited at 31 August 2025.

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21,607

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

26 Cash generated from operations

2025 2024 £ £ Profit/(Deficit) for the year 123,522 76,430 Adjustments for: Investment income recognised in statement of financial activities (14,654) (2,175) (Gain)/Loss on disposal of property, plant and equipment 2,038 (1,557) Depreciation and impairment of property, plant and equipment 53,757 49,900 Movements in working capital: Decrease/(Increase) in inventories (240) - Decrease/(Increase) in trade and other receivables (1,795) 12,385 (Decrease)/Increase is trade and other payables 10,710 20,348 Cash generated from operations 173,337 155,331 27 Analysis of changes in net debt At 1 September At 31 2024 Cashflows August 2025 £ £ £ Cash at bank and in hand 246,173 109,466 355,639 Loans falling due within one year (35,686) (3,050) (38,736) Loans falling due after more than one year (196,087) 35,138 (160,949) 14,400 141,553 155,953

28 Non-audit services provided by auditor

In common with many charities of our size and nature we use our auditor to assist with the preparation of the financial statements.

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