Charlty Numbgr 1092247 Registered Company Number 04355047 NEW LIFE CHURCH NORTHAMPTON LTD FINANCIAL STATEMENTS AND REPORT FOR FINANCIAL YEAR ENDING 31 DECEMBER 2024
NEW LIFE CHURCH NORTHAMPTON LTD (A Company Limited by Guarantee) DIRECTOR'S ANNUAL REPORT 31ST DECEMER 2024 Page I LEGAL AND ADMINISTRATIVE INFORMATION Règistered Charity No: 1092247 Registered Company No; 04355047 Proviously known a8; Kingdon Life Church GovernSng Documont: Memoralldum & Article of Association Registered Offic•: 9 Tower Street Mayorhold Northampton Northamptonshire NN12SN Director8 and Trustees; Stephen Flannagan Martin Kedian Paul Worth Company Secretary: Lee Smart Banker8: Lloyds Bank Independent Examiner: Brenda Pe8rs-Ross 29 Drift Road Selsey Chichester West Sussex P020 OPW
NEW LIFE CHURCH NORTHAMPTON LTD (A Company Limited by Guarantee) 8T DIRECTOR'S ANNUAL REPORT 31 DECEMBER 2024 Page 2 STRUCTURE, GOVERNANCE AND MANAEMENT Govomlng document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Recrultment and appointment of new tru8tee8 The Iruste8sldirectors ar8 selected from the leadership of New Lrfe Church. No changes were made lo the trusteesldirectors. Organi8ational 8truGture The board of trustee5' delegate much of the day-to-day management 10- employed staff and volunteers. Senior managers have responsibility for overseeing nearly all of th8 church's activities under the guidance and instruction of the trustees. The trustees receive monthly written reports from the senior management team. These include financial reports. Where actions or decisions ar8 needed on an ongoing basis these ar8 made by the truslee8 and other leaders who meet monthly. However, we are aware that this slows the decision-making process and the leadership structure is under review, with changes planned for 2025. Induction and training of new tru8tses As leaders of the church new trustees already have a significant understanding of the governance of the church, but additional induction is given on an individual basis by one of the existing trustees. Staff Pay A staff remunerations sub-comrnittee Is responsible for recommending pay awards etc, for individual m8mbers of staff. Unpaid trustees and leaders make the final decision on salaries. None of the paid staff take part in the final decisions regarding salaries. Additional Charify Work Paul Worth is 8 trustee of Kingdom Life Church Ministry Uganda- a Uganda NGO- registration No. 12683, The work Is a Mission of New Life Church Northampton (Kingdom Life Church} but has ils own charity status in Uganda. NLC Northampton supports this work giving monies from central funds and processing funds from other donors. Paul rec8ives no remuneration from Kingdom Life Church Ministry Uganda.
NEW LIFE CHURCH NORTHAMPTON LTD (A Company Llmited by Guarantee) DIRECTOR'S ANNUAL REPORT 31" DECEMBER 2024 Page 3 Objectives and Activltl8s The principal objectives of the charity are: i) To promote the advancement of Christianty. ii) To relieve people in need by Ihe provision of food, money, clothes or other items including housing accommodation: iii) To promote the advancement of education on the basis of Christian principles. Achievement and Performanco Vlslon and values Our vision remains to pursue God and to reach and impact our local comrnunity and beyond with Christian love and truth. We continue to be committed to our ongoing associations and links with other churches, groups, and movements, both in the UK, and in other countries. Church Summary The sites of New Life Church have been growing and continue to reach out to their surrounding communities. New people have come in through a combination of a good media presence, faithful promoting Christlan valueg, and outreach work Into tha community. The church continues to fulfil its objectives and aim5 through various means such as, conference weekend, regular Sunday services, midweek small groups, prayer meetings. and practical and personal support for individuals. Living Grac• Church W8 have conlinued to work with the leaders and the Gongrggation of LNing Grace Church and, in agreement with the leadership and wider congregation, we have set a date of the 1st January 2025 to officialty adopt this church as a third site of New Life Church. Towcester Hub Church The church is a part of our wider grouping; Catalyst New Frontiers and we have been worklng to support this church during the autumn of 2024. The church has struggled with declining attendance for several years. The aim is to help with the appointment of a new pastor and to send people from New Lrfe Church during the next 12 months. Staffing We appoinled a new administrator in June and children's worker in September, increasing the hours of the children's worker role from 7.5 to 15 per week, in response to growth in numbers of children attending all 3 sites. The administrator unfortunately was unable to continue in the role due to personal circumstances, and we have not reappointed al this stage.
NEW LIFE CHURCH NORTHAMPTON LTD (A Company Limited by Guarantee) ST DIRECTOR'S ANNUAL REPORT 31 DECEMBER 2024 Page 4 Oversite Our ongoing connections with the New Frontiers Catalyst Network of Churches is our primary source of spiritual and practical oversite and continues to be of great benefit. We regularly access ConfenceS and training for different areas of ministry. The senior pastor has regular contsct with other church leaders in that network and has been asked to be a part of a new church planting initiative called Train1000. Communlty work and Mlsslon The church is reaching out to the local communities every week though, youth work, parent toddler groups, well-being cafes, and schools work includin9 mentoring sessions through TLG (Transforming Lives for Good) and regular assemblies. We also hav8 Other ev8nts through the year such as children's holiday clubs, Christmas Carol services etc. Silhouette performing arts group ceased to use our building during the year as they had insufficient numbers in attendan. Two of the church leaders joined the trusteeship of the Spring5 Family Centre to help strengthen ties and progress the transition of its leadership as the CEO will be retiring in 2025. We hope to inspire members of th8 church to volunteer and continue the work, including youth work. food bank, jobs club etc. A team went in February 2024 to visit the rnissions work in Uganda. We spent time in the primary school, the vocalional training center, and with the Ugandan leaders who are running the work. A partular highlight was visits'ng villagers and the poor who are 8UPPOrted with food donations from the ministry. Finances continue to be given in support of this work.
NEW LIFE CHURCH NORTHAMPTON LTD (A Company Limited by Guarantsel DIRECTOR'S ANNUAL REPORT 314t DECEMBER 2024 Pag• 5 Financial Review The church finances remain healthy. Our current reserves ar8 £36,6700. The Elders are aware that this is currently under our preferred level of three months operating figure and our aim is to increase these funds in the coming year. Total funds carried forward as at 31 st Dember 2024 are £585,416 of which £467, 660 are restricted. Rl8k Managemont The Trustees regularly review risk assessments undertaken by them or for them for the various church activrties and groups using the facilities provided. Policies are regularly reviewed and updated, as necessary. Appropriate insurance cover is in place for Public Liability and prolection of property and money. Tru8tees, staff, and volunteers receive appropriate safeguarding training and are DBS checked where required. Ros8rv88 Pollcy The Directors havè declded to make reserves that equate to 3 months operating costs. These are held in a separate savings account ffhe Aldemore Account), and this has at least £41,508 in it, which at present does not meets the 3 months operating cost quIrement. Publlc Beneflt All the many and varied activities of Ihe Trust described in this report are available to, and for the benefit of, the public across all age groups: children, teenagers and adults. The development and improvement of the church building and its central location in Northampton town inoreases the scope of acts'vities that the Trust is able to provide to benefit the local and wider community. The merger of Kingdom Life Church and Forefront Church this year has further enhanced the Trust's ability to offer support to a wider community namely the community of St Crispin in the West of Northampton. The Directors believe that the Trust full complies With the requirements of the Charities Act 2011 with respect to public benefit.
NEW LIFE CHURCH NORTHAMPTON LTD (A Company Limited by Guarantee) DIRECTOR'S ANNUAL REPORT 318t DECEMBER 2024 Page 8 Trusteesldirectors responsibllity in relation to the financial statements. The charity trusteesldirectors are responsible for preparing a trusteesldirector's annual report and financial statements in accordance with applicable Saw and United Kingdom Accounting Stsndards (Unrted Kingdom Generally Accepted Accounting Policies). The law applicable to chariti8s in England and Wales requires the charity truslees to prepare financial statements for gach year which gives a true and fair view of the state of affairs of the charity and of the incoming resources and applicable resources, of the charity for the period in preparing the financial statements, the trustees are required to.. Select suitable accounting policies and then apply them consistently. Observe the methods and princip18s in the applicabl8 Charities SORP. Make judgments and estimates that are reasonable and prudent. State whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements, Prepare the financial statements on the going concern basis unless it is inappropriale to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records and disclose wilh reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and the Companies Act 2006 and the applicable Charity's (Accounts and Reports) Ragulations. They are also responsible for Safeguarding the ass8ts of the charitable company and taking reasonable steps for the prevention and detection of fraud and other irregularities. Th8 trustees confirm that to the best of their knowledge there is no information relevant to the Independent Examination of which the Examiner is unawar8. The trust88sldirectors also confiim that they have taken all necessary steps to ensure that they themselves are aware of all relevanl financial information and that this information has been communicated to the Examiner. Presented and approved by the Board of Trustees at a meeting held on 22nd December 2025 and signed on their behalf. Paul Worth Trusteel Director
Brenda Peers-Ross 29 Drift Road Selsey Chichester West Sussex P020 OPW Independent Examlner's Report to the Trustees of: NEW LIFE CHURCH NORTHAMPTON LTD Registered Charlty Number: 1092247 I report on the accounts of the company for the year ended 31 D8rnber 2024, which are set out on the attached pages 8 to 15. Re8poctive re8pon8ibilities of trustses and oxamln•r The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit 15 not required for this year under Part 16 of the Companies Act 2006 (the Act) and that an independent examination is needed. Page 7 Having satisfied myself that the company is not subject to an audit under company law and is eligible for independent examination, it is my wsponsibility to.. examine the accounts under Section 145 of the Charrties Act 2011: follow the procedures laid down in the general Directions giv@n by the Charity Commission (under section 145(5)(b) of the Act, as amended" and state wh8ther matters have come to my attention, Ba818 of Ind•p•ndont •xaminer'8 8t4tsm•nt 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 nusual items or disclosures of the accounts and seeking explanations from you as 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 Examlnor'8 8tat•mont I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in accordance with the Companies sectlon 386 of the 2006 Act.. or the accounts do not accord with these records.. or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter Considered as part of an Independent examination: or the accounts have not been prepared in accordance with the melhods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance wtth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). Brenda Peers-Ross FMA4T, ACIE 11th January 2026
Page 8 (A Company Lin7rted By Guarnnlee) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YE4R ENDED 31 st DECEMBER 2024 Notes Unrestricted Restrlcted Total 2024 Unre8trl¢led Restricted Total 2023 Income and endowments from: DoTraticffls and14aCI8S Grant5 Other trading activiti8S Investment income Total Income and ondoTrtments 247,130 a,783 250,893 2:6,971 11,038 238,009 76,069 1,474 324 673 43.921 119,990 1,474 372,357 26,054 1.071 254.096 31,456 57,510 1,071 296,590 42,494 Expendlturn on: ChaTrtable activities Support costs Total Expenditure 279,001 30,053 61,327 8,188 69,495 340,328 38.221 222,671 70.499 293,170 50,062 8,358 58,420 272,733 78,857 351.590 Net incoming resour¢o9 before transfer bet4Yeen funds Transfer b8fv4een funds 15,619 {21,811) (6,1921 (39,074) (15,9261 (55,000) 8,287 8,287 4,740 4,740 Net mov•ment In funds 7.332 (13,524) (6.192) (43,814) (11,186) (55,0011 Total funds brought foryiard Tolal funds ¢arried forward 110,424 117756 591,808 686 416 154,238 110,424 492,370 646,608 5Q1.608 467,660 AJI inoyne and expenditur8 darive from continuing activities, The stalen7ent of fin8ncial actlv8te8 is incOra'ng the income and expendrturv aGcountS and includ85 all gains and lo&ses cOgnised during lh8 yaar.
New Life Church Northampton Ltd (A CtNnpany Limtied By Gu8nte6) Page 9 BALANCE SHEET AS AT 31st DECEMBER 2024 Com Numbgr: 04355047 Notes Unrestricted Re$trfctod Total 2024 Unrestrlcted Restrlcted Total 2023 ASSETS: Fixed Assets 12 2S,845 458,789 486.614 34,570 464,937 499,507 Current Assots Debtors Cash at Bank 13 46,920 42,234 89,204 46,920 53,175 100,095 17.071 61,483 78,554 17,071 77,730 94,801 10,891 10,891 16.247 18,247 Credltors Amounts falling due within one year 14 1,293 11,293) 1,293 (1,2931 2,700 (2,700) 2,700 (2,700) Nel Current Assets Les• Current Liabllltle8 87,911 10,891 98,802 75,854 16,247 92,101 Net Assets 117,756 467,660 585 416 110,424 481,184 591.608 Unr¢•trlcted Rostrlctod Totsl 2024 Unrestricted R•$trict•d Toial 2023 FUNDS Unrestrlcted and Designated General fund Hardship Fund Re$lricted 10 117,7S6 117,766 106.290 4,134 106,29) 4.134 481,184 591,608 15 467,880 467,660 487,880 685.416 481,184 481,184 117756 110,424 For the year ending 316t Derember 2024, the company was entitled to exemption from audit under sects'on 477 of the Compani88 Act 2006 The memb¢r$ have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordancA with Section 476 of the Companies Act 2006. The trustees acknowledge their re5ponsibilitie$ for (i) ensuring that the charitable company keeps accounting records that comply with Section 386 and 387 of the Companies Act 2006 and {ii) prepaTing financial statsmants vthich glve a tru8 and lair viw of the state Of affairs of the chafitabie company at the and of each financial year ar)d of bts Surplus and deficit for each financial year in accordance viith the requirements of SeGlion 394 and 395 and with otherwise comply with the requirements of Companies Act 2006 relating to financial stalement$, so far a$ applicable to the charttablè company. Thes financial statement8 hav8 been prepared in a¢xordance with the provislons applicable to charitable wrnpanies Subject to the small regime. Approv8d at a m8eting of TrusteeslDire¢tors on 22nd December 2025, and signed on their b8half Paul Wo- TrusteelDiroctor Tho notas on pagè 10 to page 15 fomi part of Ih¢s* fiftancial statements.
New Life Church Northampton Ltd (A Company Limited By Guarantee) Page10 PRINCIPAL ACCOUNTING POLICIES FOR THE YEAR ENDED 31$¢ DECEMBER 2024 Lggal Form New Lrfe Chur¢h Northampton Ltd. Is a charitable company limited by guarantee re9iStered in England and Wales. The financial stal•monts of tho Charitabla Company, which 1$ a public benafft entity under FRS102, have been prepared in accordance with th8 Charitles SORP (FRS 102) 'Accounting and Reporting by Chanties. Ststement of Recommended Practice applicable lo charitie8 preparing their accounts in accordance with the Reporting Standard applicable in the UK and Rèpublic of Ireland IFRS 102) (8ff8ctiv8 19 October 2019>'.Financial Reporting Standards 102 'The Financial Reporknng Standards applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The twstees nSider that thera are no material untartainlias aboLrt the charitaty8 Company's ability to continue as a going concem. Cash flow statamanl The directors hav8 taken advantag8 Of th8 exemption in Financial R8POrting Standard No 1 (revised 1996) from including a cash flow statsmenl in the financial statements on the grounds that the Company is small. Incomlng Resource5 All income is regnised in the Financial Adivales once the chority ha• entitlement to the funds, it 15 Ihat incomo will be received and the amount can maa$ured r8liably. Gifts In Kind and Donated Seryices and Factlitie• Gifts in kind, donated fa¢iliti¢s and voluntary help, are not included in financial 8tatement8 since it is not considered practical to quantify such income. Resources Expended Liabilities are reco9nised as expenditure a$ soon as there is a legal Cr constructive obligation committing the charity to that expenditure, 11 is possible that a transfer of economic benefits viill be requires in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been dassified under heading? that aggregate all Go81 relalod to a Gategory. Where Gost8 ¢annot be diredly attiibthed to parti¢ular headings they have baen allocaled to activities on a basis consistent with the use of resourees. Tanglble flxed aeth Depreciation is calculated so as to writo ofl lh• cost of an ass8t, less its estimated value, over the usoful life of the a&8et as follows: Freehold property 2% on cost Improvement to property 10% cn reducing balance Plant and machinery 10% on reducing balance Fixe assets arg slatsd al ¢ost18s$ accumulaled depreciation and accufftulaled impairm•nt lossas. Wh•r• parts ot an item of property. plant and equipment have a different useful lines, they are accounted for as separate items and propety, plant and equipment. Taxatlon The charitable Is exempt fomi corporation tax on its charitable activ¢ties. Fund aG¢ountlng Ulliestricted funds can te used in accordance with ttre charitable objectives at the discretion of the trustees. Oesignated funds- these are funds set aside by the trustees out of unrestricted funds for specific futu purposed or projects. Restricted lunds can only be used for the particular restricted purposes within the objects ofthe charity. Restrictions arise when Specifies by the donor or when raised for particular restrict* purposes. Ponsiong CO$ts and other po8t-rntir8m8nt boneftts The charitable company operates 8 defined contribution pension scheme. Conlribulions payable to the Gharitable company's pension scheme are charged to ttte Statement of Financial AGtivitie5 in the period to which they relate. Financial instruments Cash and cash equivalerrts in the balance sheet comprise cash at bank and in hand and short term deposits with an original maturity OS th,'ec. tr-rt>.s ¢r les=.
New Llfe Church Northampton Ltd (A Company Limited By Guaranteej Page11 NOTES TO THE ACCOUNTS Donatlons and Lega¢io8 Unrestrlcted Ro8trlctod Fund¥ Funds 2024 Total Unrestricted Restricted Funds Funds 2023 Total Donation incom Gift Aid Gfft Aid Glaim Other income 195,869 14,196 30,352 6,713 247,130 195,869 14,196 34.115 6,713 250.893 178,282 44,231 1(KJ 10,938 178,382 55,169 3,763 4,458 226,971 4.458 238,009 3,763 11,038 4 Other Trading ACtIvie5 Events Room Hire Youth trips Parents and toddlers Olher Café income Youth and Life 1,081 1.081 40,771 12,615 1,351 17,585 2,902 40,771 12,615 1,351 61,506 2,902 1,520 1,520 43,921 12,763 3,306 8.437 31,456 44,219 3,306 6,437 57,510 78,069 43.921 119.990 31,456 6 Investment Income Deposit account interest 1,474 1,474 1,D71 1,071 8 Incom8 from Charitablo Actlvttle8 Ggvemment grants Direct Charltable 47,6B4 372 357 254,D96 42,494 304,633 7 Charitable Activltles Costs Total 2024 Totsl 2023 Unrestrlcted R•strlcted Unrostricted Restrlcted Dirert charltable Trustee. salaries Tru5tee'5 soGial securty Trustees, pension contributions W8ge$ Travel Social security Pensions Telephones Office stats'onery and expenses Marketing and advertising 72,92S 3,703 2.595 56,365 227 1.986 1.872 1,188 1,398 837 21,023 1,141 12.093 21,982 8,067 49,712 285 4,680 72,925 3.703 2,595 56.365 227 1,986 1.872 1,188 1,398 837 21,023 1,141 12,093 21,982 8.067 49.712 285 4,680 53,010 2,870 1.340 15,816 2,334 68,374 3.342 2.413 57,652 781 68.374 3,342 2,413 57,652 781 1,480 894 21.923 2.214 894 21,923 2,214 Sundries IT and equipment Building maintenance Room hire Youth and t*itdren Self-financin9 chureh events Tilhe donations ganda Children Café expenditure Course and conferences Gifts and donations PAJAV expenditure Licence and subscAiptions Outreaeh aetiviti'es 20,127 739 13.587 20.127 739 13,587 50,062 53,010 50.062 2,870 1,340 7,499 1,405 22.042 554 3,012 2.132 222,871 1.405 22,042 554 3,012 8,317 68 2.811 279,001 2,811 340,328 61,327 50,062 272,733
New Llfe Church Northampton Ltd rA Company Limrt8d By Gu8r8ntee) Page 12 NOTES TO THE ACCOUNTS 8 Support and Management Unrestrlcted Restrfcted Funds Funds e,133 221 119 2,336 155 127 2,443 319 2024 Total 6,133 221 119 2,336 155 127 2,443 319 1,344 Unrestrided Restricted Funds Funds 11,854 527 274 4,812 852 2023 Total 11.854 527 274 4,812 852 wages Social security Pensions Utiliti93 Offi¢e stationery and exponses Sundries Buikling maintenance Café expenses IT and equipm8nt Depreciation of tangible and heritage assets 29,8lX 3,502 5,968 29,806 3,502 5.968 4,725 17,9 8,188 8,168 12.893 26.090 5,282 62,961 8.358 8,358 13,640 71,319 Fin•nc• Bank and oth•r ¢harg•s, t 489 415 415 Gov•rnan¢• costs Independent examination fee$ two years Independent axamination fee for other servirA8 Insuranc8 Payroll and pension admin support Legel and professlonal lees 4,635 4,635 1,500 1,500 147 4,254 1,222 147 4,254 1,222 5,009 1,810 388 11,842 5,009 1.610 388 11,642 7,123 7,123 30.053 8.168 38.221 70.499 8,358 78,857
New Life Church Northampton Ltd (A Company Lifftited By Guaranlee) Page 13 NOTES TO THE ACCOUNTS Unrestrlcted Restricted 2024 2023 9 Not Incomel(Expendituro) Net Incomel(Expènditure) is stated after charging J(crediling): Independent Exafflination fee year¥ Independent Examination fees for other services Depreciation- owed assets 4,635 4,635 1,500 4,725 8,168 12.893 13,640 10 Trustee. Romunoration and Beneflts 2024 2023 Trustees, salaries TTUSteos' ¥o¢ial security Trustees, p8nsion contribution to money purchase scheme 72,925 3,703 2,595 79,223 68.375 3.342 2,413 74,130 During the year dlrectors, emoluments were paid in respect of Contract of service befven the church, Mr P Worth an Mr R C Goldriro in their capacity as Pastor and Assistant Pastor respectively As required by the church constitution Mr Worth and MT Goldring aro also tnJsl•O$. No rgmuneiation is paid lo any trust88 for acting in this capacty. Trustees expénsès There were no oxpenses reimbursed to Trustee in the CUent ygar or prior year. 11 Salf Costs 2024 2023 Wages and salaries Social security costs Other pension ¢08t8 61,325 2,207 1,991 85,523 85,852 2,930 1,524 70,306 The number of employees by head count. 2024 2023 Ministy and administration No employee$ received emoluments in exce6s of £60,000.
New Llfe Church Northampton Ltd (A Company Limited By Gu8r8ntee) Page 14 NOTES TO THE ACCOUNTS Freehold proporty Flat Improvemènt Plant and machln8ry Total 12 Tangibl8 Ftxgd Assèts property Cost or revaluation At 1 January 2024 Add additions in year 450,000 21D,882 142,733 803,615 108,250 108.250 108,250 911,865 450,000 210,882 142,733 Less.. disposals during the year At 31 December 2024 450,000 108,250 210,882 142,733 911,865 Oepreciation At 1 January 2024 Charge in year At 31 December 2024 Not book value At 31 December 2024 127,500 6,000 133,500 177,064 3,391 180,455 107,794 3,503 111,297 412,358 12,894 425 252 316,500 108,250 30,427 31,436 486,614 At 31 D8cembgr 2023 322,500 108,250 33,818 34,939 499,507 13 D8btor*: Amounts falllng due wlthln one Unre8trlcted Re8trfGtsd Fund• Funds 2024 Total Unreslricted Restricted Funds Funds 2023 Total Gift Aid recoverable Pre-payments Trade 30,179 11,415 5.328 46,920 30,179 11,415 5.326 46,920 14,064 14,084 3.007 17,071 3.007 17,071 14 CreditOf8: Amounts falllng due wlthln one year Unr•strietad Restri¢ted Funds Funds 2024 Total Unrestricted Restrictad Fund8 Fund5 2023 Totsl Trade Creditor8 Accruals and deferred income 12) 1,295 1,293 <2) 1,295 1,293 2,700 2,700 2,700
New Llfe Church Northampton Ltd (A Company LinTited By Guaranlee) Page 15 NOTES TO THE ACCOUNTS 15 Movement of funds Balanc8 01.01.24 Incorning Resources Transfers resourc09 8xponded botwegn funds Balance 31.12.24 Unrestricted fund8 General fund Hardship fund 106.290 4.134 110,424 323.471 1,202 324,673 (302,564) 6,489 309,053 (9,440) 1,153 117,756 117.756 RtriCtsd funds Building funds B.11th'rrfj impro¥ement furKI studio Family cgntre assets Uganda children Gift day Janet Robin50n flat 322,500 26,381 632 685 (8,000) 1,269 (63) (68) (53,010> (9,085) 316,500 2S,092 S69 617 5,312 11,319 108,250 467 660 45,895 1,788 12.427 18,816 112,390 4.140 Total funds 591608 372,357 378,548 585A16 The building and building improvement and famlly centre funds are in rèlation to developing Ihe charity's bulldlngs lor greater and more floxible use. The studio funds is for setting up of a re¢ording 8tudio facility. Uganda funds - Kadambari Kingdom Life Church Ministry has worked in Kadambarl since 2004 and is a mission branch of KLC Northampton. It seeks to help villagers and their families through Nursery ané Primary Education, soffle support for a few Seccndary children. Vocational Training and a Food Distribution Programme. Its help is irrespertive of religious background. Kingdom Lrfe Church (in Kadamtyari) was established by the Ministry over 10 years ago. The Gift Day fund is in relatlon to money raised for building improvement. Janot Robin80n relired from the charity woth in Kasambira in 2020 and returned to the UK. Supportets of Ihat charity felt It was right to provide Janet with a home tc live in upon her return. Money wa5 held in he Kingdom Life Church account3 whilst the puTthase of the flat and the Home for Janet Trust was established. Oncè the purchase of the flat is completed no moro funds for the flat will be held in the Kingéom Life Church accounts and all responsibility for the asset (the flat) is with Home for Janet Trust. 16 Related party dls¢lo$ur• Paul Worttt 16 a Twstee of Kingdom Life Church Ministry Uganda. Kingdom Life Chutch rÈt£ived donatlons totalling £50,035 (2023.. £31,456) for Kingdom Life Church Ministry Uganda. Kingdom Life Church paid Kingdom Life Church Ministry Uganda £53,010 {2023.' £50,762 as Mission Support..