THE NEW UFE INTERNATIONAL MISSION Trustees Re for the ort and Financial Statements ear ended 31 December 2022 Charity ReBi51ration No= 1092682
THE NEW LIFE INTERNATIONAL MISSION Trustee5 Re forthe Ort and Financial Statement5 ear ended 31 December 2022 Charity Nurnber 1092682 Addre55 & Olfice 150- 152 Granby Street Toxteth verpool L8 2US Trustee5 During the year members of the Board of Tru5tee5 were as follow5.. Bishop IDrl Panton Okon (Chairl Bishop IDrl Gloria Edward5-Inatimi Rev. Danny Ansong Mr5. S. Ojukwu Rev IDr.l Dickson Ojukwu Rev. Theophilu5 Chondol Rev. Anthony Obaigbona
Charity No. 1092682 THE NEW LIFE INTERNATIONAL MISSION Trustee5 Re forthe Ort and Financial Statement5 ear ended 31 December 2022 Contents Page Chairman's report Tru5tees' report Independent auditor'5 report io Statement of financial activitie5 11-12 Balance sheet 13 Note5 to the financial statement5 13-20
Charity No. 1092682
for the year ended 31 December 2022
THE NEW LIFE INTERNATIONAL MISSION THE CHAIR'S REPORT
The year 2022 was one of expansion in all areas of the The New Life International Mission (TNLIM) ministry . The theme for the year was Reaping and Harvesting which continued from 2021. In 2022, we experienced growth in evangelism, community involvement, collaboration with local, national and international ministries and churches, and a rise in donations to needy individuals, non-governmental organizations (NGOs) and disaster relief funds. Collaboration with The Evangelical Alliance, Together for the Harvest (TFH) and Liverpool Ministers’ Association (LMA) grew stronger.
TNLIM has become more involved with community welfare, fostering a partnership with Methodist Church and Christians Against Poverty (CAP) to help with debt advice to members of the Granby community who are facing debt issues.
The weekly services of TNLIM have continued steadily with active participation from members of TNLIM. In 2022, TNLIM welcomed new families and individual members. The Youth ministry of TNLIM has experienced a boost not only in numerical growth but also in creativity and innovation.
Trustees of TNLIM have demonstrated a high degree of commitment to its cause, satisfying legal obligations with integrity. The trustees have served diligently and selflessly. Prudence and accountability have characterised the handling TNLIM’s accounts and funds received have been utilised judiciously within the context of TNLIM’s goals and objectives.
In order to enhance involvement in voluntary work by members of TNLIM, future seminars are planned. It is anticipated that these seminars would lead to an increase in the awareness of and participation in effective volunteering.
The level of giving rose in 2022, with God enabling the charity to undertake necessary repairs and renovation of Glory House, the church building. Support for the homeless and vulnerable both home and abroad grew in 2022 and the trend is set to continue in the forthcoming weeks and months.
The involvement of TNLIM in the monthly Granby market has had a significantly positive effect in the community, with a considerable number of visitors posting prayer requests. Much appreciation has been shown for the tea and coffee served at Glory House during the Granby market days.
The church meetings have continued in dual mode - face to face and virtually. The Zoom meetings have attracted visitors residing outside Liverpool, in and outside the United Kingdom. The ministry of TNLIM transcends local boundaries and has extended to other communities and individuals, nationally and internationally.
Practical evangelism with Kingdom Impact Vision International (KIVI) has continued and future events are planned. Hopefully, members of TNLIM will have the opportunity and privilege to engage in evangelistic events in other UK cities as a result.
As a Church-based charity, we look forward to continuing our present engagement with other churches, communities and individuals, and we anticipate positive growth in the oncoming year. Evangelism and discipleship leading to transformation of lives remains a key objective of TNLIM. The future of TNLIM is in God’s hands and by His grace, it shall fulfill the purpose for which it has been established in Jesus’ Name.
…............................................ Bishop (Dr) Panton Okori CHAIR
'9 March 2023
Charity No. 1092682 THE NEW LIFE INTERNATIONAL MISSION Tru51ee5 Re ort and Financial Statement5 forthe ear ended 31 December 2022 Trustee5' Annual Report The tru5tee5 are pleased to present their annual report for the year ended 31st December 2022. The financial staternents have been prepared in aciordanie with the charity's trust deed, the Charitie5 Ait 2011 and Accounting and Reporting by Charities.. Staternent of Recommended Practice appliiable to charities preparing their aicount5 in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland published IFRS 1021 leffective Istjanuary 20151. Objectives and Aclivilies Aims The aims of our charity are summarised a5 follows.. I. advance the Christian faith primarily in the area of Liverpool, north of the River Mersey- for all, irrespective of colour, nationality or gender. 2.} support mi55ionary activity at horne and abroad in aicordanie with our ionstitution in Arbcle111 3. dernon5trate God'5 love and mercy to all and 5UPPOrt one another in time5 of need. Our objectives are set to reflect our faith and community aitns. The trustee5 review the objectives on a regular basi5 en5urin8 they are adhered to and implemented. We aim to provide facilities.. I.trategieS.. To express our love forGod during oursunday Worship services. 2.} provide weekly Bible instruction, for children, women, rnen and the youth lolder and younger youth), for education and training on right living. 3.} organise prayer meetin85 to enable tnembers to come togetherto seek God's face in Supplication and intertession. 4.aining and advancement in music is encouraged. We provide a relaxed and encouraging environment for singers and instrumentalists to ernerge and excel through weekly choir and music praitiie. This is on a voluntary Strategies are a5 follow5.' l.We have our tnonthly new51etter (The New Life Herald) to inform and disseminate testimonie5 and special activitie5. 2.Betworking with 515ter churcheslorganisations. We are part of the Together For The Harve5t'. 3.FEaflet distribution to our community for preaching the Gospel of Jesus Christ and promoting the work of the charity.
Charity No. 1092682 THE NEW LIFE INTERNATIONAL MISSION Tru51ee5 Re ort and Financial Statement5 forthe ear ended 31 December 2022 Trustee5' Annual Report Icont'dl Funding Policv Freewill offering5, tithes (for those who wishl are collected on Sundays on a voluntary basis. Application for grant5 from outside bodie5 will be made to enhance our activitie5, upgrade equipment and generally create and tnaintain the right environment, clean, Safe and comfortable for all. Public Benefit The Trustees are aware of the Charity CotntniS5ion guidance on public benefit. The work of the charity and the fund5 it raises are wholly direited toward5 furthering the aim5 and objectives Set out above and the trustees are therefore of the view that the charity 5at15fies the criteria laid down to tneet the public benefit test. ACHIEVEMENTS AND PERFORMANCE.. l.Donation5 given to the bereaved. 2.Dutreach to resident5 of nearby care home5. 3.Wi55ionary trip contributlOn5. 4.Donation5lmonetary and materiall to orphanage5 overseas. 5.Donation of clothing to the poor and needy through Iharity hotne5 here in Liverpool. ACTIVITIES DELIVERING PUBLIC BENEFIT= Our charity carrie5 Out a wide range of aitivitie5 in pursuanie of its Iharitable aims. We feel that the activities listed below benefit both the iommunity member5 attending the church and the wider community. l.Fducational Programme5 on Child care. 2.Brovi5ion of a place of worship to which all are invited on meetin8 day5 3.Brovi5ion of nutritional guidelines for rnember5. 4.Fmph3si5 on holistic health and well-being. The activitie5 of the charity provide nourishment for the body, soul and spirit. 5.Bupport and encourage people on irnmigration issue5, ensuring that their iontinued stay in the UK is legal. 6.Fouth Club every Saturday.. Investing in the live5 of young people morally and spiritually, for a meaningful future. 7.knod bank5.' Donating food itern5 to the needy and making sandwiches for the homele55 people. 8.Broviding comfort to the bereaved and attendingto the vulnerable. 9.Demon5trating the love of Christ which promote5 social cohesion and peace, thereby contributing towards a better 50ciety....
Charity No. 1092682 THE NEW LIFE INTERNATIONAL MISSION Tru51ee5 Re for the ort and Financial Statement5 ear ended 31 Decernber 2022 Trustee5' Annual Report Icont'dl Religiou5 Activitie5= Our Church provide5 a venue for prayer5 and other religiou5 activities. The variou5 religiou5 activities are listed below.. l.Brayer5'. For all, Toxteth, our local community, the neighbourhood and nations. 2.sting.. Bible Study, choir practice. 3.Biving to those in need. Orphans of Martyr5 in Nigeria. 4.Bupporbng one another. 5.Fncoura8ing the vulnerable. 6.Bartner5hip with Social support for tnental health probletns. 7.Betworking with other churthe5. 8.upplY food to the vulnerable in the community. Rites and Fe51iv31s'. A.llll Christian festivals.. From Epiphany ljan. 61, to Lent, Palm Sunday, Good Friday, Easter, A5cen5ion Day, Pentecost, right up to Chri5trnas. B.Warria8e5 C.&Jneral 5erviies D.Ihild dediiation. E.laptism IReligiou5 rite51. F.Bunday School. G.liblical and moral instruction to all. H.FDuth group l.Women's group.. •lmpha5is on better child rearing practice5. •lmpowerment for private enterprise. •Bupporting each other in tirne5 of celebration5, jubilations, sadness and bereavement Donationstothe Comvnunity.. Giving by church tnembers.. Freewill offerin85, Tithes and pledges InternationallMi55ion5'. l.Bending warm clothingjointly with other charities to northern Nigeria and Northern Syria in winter through our iontacts in Lebanon and Lagos 2.We support people with varied needs on an individual basi5. 3.Eroviding Christian training and education, at home and abroad.
Charity No. 1092682 THE NEW LIFE INTERNATIONAL MISSION Tru51ee5 Re ort and Financial Statement5 forthe ear ended 31 December 2022 Trustee5' Annual Report Icont'dl FINANCIAL REVIEW Total income for the year was £43,118.90 12021.. £58,728.74). Total expenditure for the year wa5 £41,853.66 12021.. £51,599.19>, leaving a surplu5 forthe year of £1,265.24 At 31. December 2022 the charity's reserves stood at £ 448,152.65 12021.. £199,835). RISK MANAGEMENT The main ri5k5 to which the charity is exposed have been identified by the Tru5tee5 and sy5tem5 have been put in place to tnitigate those risks. RESERVES POLICY It 15 the policy of the charity to maintain unrestricted funds, which are free reserves at a level which will allowthe Iharityto cover redundancy provision costs and continue it5 activities forthree month5 should no further funding be received. At the end of the financial year, unrestricted funds totalled £448,15212021.. £199,835) 15 represented by freehold property, leaving free reserves of £6,881.69 12021.. £2,812). The charity requires £6,360.41 for redundancy prov15ion and £8,138.42 for three months running costs, (Total £14,498.82). It 15 envi53ged that re5erve5 will increase by increased donationsjofferings drive, strong lontrol in bringing operational cost down, effeitive effort in seeking grant5, we will be letting out available 5pace5 to boost our income and engage in partnership that can support our income. PLANS FOR THE FVTURE l.Fngage more actively wfth the cotntnunity around us in the task of evangelism, discipleship and communal benefit. 2.Dr8anize Trust activitie5 in order to minitnise c05t of operation5. 3.Renovation of the church building, Glory House. This is ongoin8. 4.Bursue and maintain collaborative tie5 Wlth other Christian organizations in the United Kingdom but more
Charfty No. 10926B2 THE NEWUFE INTERNATIONALMIS510N Trustees Re 0rt4nd Finantl41 Statements lorthe earended 41 December 2022 Trusiee5'AnnualReport STRucfuRE, GOVERNANCEANDMANAGEMENT adopted on Istjanuary 2003and amended Istjanuary 2011. OrEan15atirnal Struciure The Board olTrusteesÈnsure&thatactivities undertakén bythechurch aredone within the legallramwNorkstipulated byth&Charity Commission. OrEan15atirnal r@eW are usualtyled bydifferént péople nominated bythÈthurchJ pastors. elders, minister&anddeacons. Recruftment andApwlntment tstTrusiee5-VolunL1ry Individual&with the right crédentials have been approachéd bytheTrustsÈs. We hatWOddI1IOnal peopleon the board oftru&tÈe&. Induc0 and TralnlnEoftru5tees Recommendation was made lor Rev Theophilus Chondol to be apinted a&aTrustéÈtothe BoardolTrustéés In 2020 but Oiuukwu
Charity No. 1092682 THE NEW LIFE INTERNATIONAL MISSION Independent Examinees Reportto the Trustee5 for the year ended 31 Decevnber 2022 I report on the account5 for The New tife International Mission for the year ended 31 Decetnber 2D22. Respeclive responsibilities of trustee5. member5 and exarniner As the charity metnber5 you are re5POn5ible for the preparation of the accounts.. you considerthat the audit requirement of section 43121 of the Charitie5 Act 1993 Ithe Act) doe5 not apply. It is rny responsibility to state, on the basis of procedures specified in the General Directions given by The Charity Cotnmi55ioner5 under 5eition 4317IIBI of the Act, whether particular matters have come to my attention. Basi5 of Independent Examiner's Report My examination was carried out in accordance with the General Directions given by the Charity Commissioner5. An exatnination includes a review of the accounting records kept bythe charity and a cornpari50n of the account5 presented with those record5. It also include5 consideration of any unusual items or disclosure5 in the accounts, and seeking explanations from you a5 tru5tee5 concerning any such matter5. The procedure5 undertaken do not provide all the evidence that would be required in an audit, and Consequently I do not expre55 an audit opinion on the view given by the account5. Independent Examinees Statevnent In connection with tny exatnination, no matter ha5 Cotne to my attention.. 111 which gives me reasonable cause to believe that in any material respect the requirement5 to keep accountin8 record5 in accordance with section 41 of the Act,. and to prepare account5 which accord with the accounting record5 and to comply with the accounting requirement5 of the Act have not been met,. or 121 to which, in tny opinion, attention should be drawn in order to enable a proper understandin8 of the account5 to be reached. Date.. 11 T3Pton Way Wavertree Business Vi113¥e Wavertree Cheryl P Agororn ICPA Independent Examiner Whitfield Accounting & Integrated Service5 Ltd verpool LIS IDA
Charity No. 1092682 THE NEW LIFE INTERNATIONAL MISSION Statement ol Fin3nci31 Activitie5 forthe year ended 31 December 2022 Unrestricted fund5 Restricted funds 2022 2021 Total Total Notes Incoming and Endowvnents Incoming resources frorn generated funds.. Voluntary income.. Tithes Offering Donations and Legacies Rent 32,863 32,863 43,872 4,600 4,60D 3,150 5,mO 132 Other Bank interest Gift Aid Total incovning re5ource5 5,656 43.119 5,656 43.119 6,574 58.728 Resour5 expended 130,0791 130,0791 144,5101 Religiou5 Work5 Loan repaid Governance c05t5 Total resources expended 111,7751 141,8541 111,7751 141,8541 17,0891 151,5991 Net incomingloutgoing resources before tr3nslers 1.265 1.265 7.129 Gr055 transfers between fund5 1,265 1,265 7,129 Reconciliation of funds Total funds brought forward Revaluation reserve balance 199,835 247,052 199,835 247,052 192,706 Total fund5 carried forward 448.152 448.152 199.835
Charily No. 1092682 THE NEW LIFE INTERNATIONAL MISSION Balan Sheet a5 at 31 DeInber 2022 2022 2021 Fixed assets Notes Tangible a55ets Iprovi5ion- revaluation 441,271 441,271 197,023 197,023 Current a55et5 Debtor5 Cash at bank and in hand 9,085 5,201 Credftor5= amount5 f311ing due within one year 12,2041 12,3891 Net current Iliabilitie5lla55et5 6,881 2,812 Net a55et5 448.152 199.835 The fund5 of the charity Llnrestrirtedfvnds.. General Reserve Revaluation Reserve Deficit/Surplus for the year 49,835 397,052 1,265 48,706 144,OCN) 7,129 448,152 448.152 199,835 199.835 Total charity fund5 Approved by the tru5tee5 on and signed on their behalf by.. Blshop IDrl Pattton Oko The notes at page5 9 to 11 fortn part of these accounts
THE NEW UFE INTERNATIONAL MISSION Ch3rily No. 1092682 Notes tothe flnanclal siatements for theyearended 31 December2022 l. Accountln8 pollcles lal Basls of preparatlon The financial statements have been prepared underthe historic cost convention. The financial statements have been prepared In accordance wilh ihe Statement of Recommended Praciite.- Accounting and Reporiing bycharities ISORP 200SI Issued in March 2005, and applicable UK Attouniing Standards and the Chariiies Act 2011. The financial ststements have been prepared on a going concern basis ihat assumes thatthe charity will continue to receive and implement efficienry strategies. Ibl Funds struciure Unrestricted Income funds comprise ihose funds whith the trustees are free io use for any purpose In furtherance of the tharitable obierts. Unrestricied funds Include all funds ihat the trustees use at their discretion, and have set aside resources fora specific purpose. Icl Incomln8 resources intome and the amounitan be quantified with reasonable accuracy. The following specific policies are applied to partitular taiegories of intome-. Voluntsry Income is reteived bywayof grants, donations anij gifts and Is intluijed In full In the staiement of performance by ihe charity, are recognised when the charity becomes unconditionally entiiled io ihegrant. DDn3ied services and fatiliiies are Included at the value to the chariiy where ihis can be quantified. The value of services provided by volunteers has not been Included. Grants, including grants for the purchase of fixed assets, are recognised in full In ihe statement of financial artivities In the year in which they are receivable. Id )Resour5 expended fully recovered, and is repDrted as part of ihe expenditure to whith li relates. le I Charitable a<t6v6t6es indirett nature necessary to support them. If) Tan8lble flxed assets and depreclaiion Tangible fixed assets other ihan freehold land are stated aicost or valuation less depreciation. 2% per annum on a straight line basis 2% per annum on a straight line basis Property improvements 181 Taxat6Dn The charity benefits from various exemptions from tsxaiion afforded bytax legisl3iion and Is noi liable io corporaiion tax on Income orgains falling within those exemptions.
Charty No. 1092682 THE NEW LIFE IMfERNAllONAL MISSION Notes io the Flnanclal Statements forthe year ended 31 December 2022 Taxaiion intome and gainsare exempt from taxation 35 they are received and applied for charitable purpDsed only. The tharity benefiifrom various exemptions from tsx3110 within those exempiions. The tharity Is not able to recover Value Added Tax. Expenditure Z. Income and endowmenis from Unrestricted Restricted Total fund5 fund5 2Q22 2021 Voluniary Income.. 32,863 32,863 43,872 oihers Rent 4,600 4,600 3,150 132 5,656 43,119 S,656 43,119 6,574 58.728 3.Totsl re50urce5 expended Support &Governance Costs Toial Total Chariiable Expendiiure 2022 2021 inthe VerpoOl area and abroad 41,854 51,599 . Anad a5follows'. 2022 2021 Charitable act5 Staff salarycosts 19,492 4,438 29.180 11.626 Min15try 6,149 3.704 Speaker 30,079 44.510 Support & Governance cosis.. 2022 2021 Office costs Pension sundry Insurance Home offite Bank tharges 967 1.539 1,189 1.024 zi Attountanry 319 9,300 11,775 276 4.229 7.089 Total Expenditureon charitableartrrfitie5 41,854 51.599
Charfty No. 1092682 THE NEW LIFE INTERNATIONAL MISSION Notesto the Flnanclal Statements for the yearended 31 DecembEr2022 b. StAff Cog19'. 2021 Grogs wAyeg and sal&rfÈs 19,492 29.1BO c. Partlcularsof employees: Average numberof employees durlngthe year, talculated on the basis ol full-llme equivalents, was as follows:_ 2021 The Trustees are not remunerated forthelr seNltts and are not included in the above numberof employees. No outof wckeiexpenses were reimbursed ioTrustees in the year12022-. NIL)
Charlty No. 1092682 THE NEW LIFE IMfERNAllONAL MISSION Notes io the Flnanclal Statements forthe year ended 31 December 2022 None of the trustees lor any personstonnetted with them) received any remuneration during the year and none of them was reimbursed expenses. 4. Tanglble Ied asseis Freehold Property & Improvemenis 2022 Moior Vehlcle 2022 Toial 2022 Cost Al I13nuary 2021 210,000 17,948 210,000 Revaluation Al 31 December 2022 247,052 47S,000 210,000 Depreclatlon Al I january 2021 Charge for ihe period 12,977 20,752 12,200 777 Al 31 December 2022 33,729 12,977 Nei Bookvalues At 31 December2022 441.271 197.023 At 31 December2021 197.8CpJ 197.800 A revaluation of freehold property 150-IS2 Granby Street, LiverpDoI, L8 2USwas undertaken by Griffits Thompson Partnership on 19 September2015. The Trustees believe the value of the property as at 31 December 2019 Is not materially different from ihe value included in ihe accounts. 5. Debtors There were no debtorsas at the year ended 31 December 202212021. NIL) 6. Credltors.. Amounis fallln8 due wiihln one year 2022 2021 Accruals 2,204 2,389 2,204 2,389
Charity No. 1092682 THE NEW LIFE INTERNATIONAL MISSION Note5 to the Financial St3tement5 forthe year ended 31 December 2022 7. Analysi5 of Net Assets between Fund5 Tangible Fixed Net Current A55et5 Total Unrestricted Fund5 2022 49,835 397,052 446.887 2021 48,706 144,000 192.706 General Fund Revaluation reserve 8. Unrestricted Funds Movement5 in the Year Re50urce5 at Beginning of the Year Re50urce5 at End of the Year 2022 General Fund 48,7D6 1,129 49.835 Revaluation reserve 144,0 253,052 397.052 192,7D6 254,181 446.887 7,129 199.835 1,265 448.152
Charity No. 1092682 THE NEW LIFE INTERNATIONAL MISSION Notes to the Financial Staternents for the year ended 31 Decernber 2022 General Fund This fund is used lo finance the charity 8 general actWitie8 and core costs as outlined in the Trustees. Report. Revaluation Reserve arise5 from a revaluation of the charity's freehold property 150-152 Granby Street, Liverpool undertaken by the Griffiths Thompson Partnership in September 2DI5. The movemeni on his rÈseNe rÈprÈsenis dÈpreclalion on IhÈ freeho property. 9. Restrlcted Fund$ There were no restricted funds as at 31 December 202212021..Nill. 10. Guarantees and Other Flnanclal Commltment$ There are no linancld commiimÈnls under non-cancÈllable operating lÈases12021'. Nill 11. Related Party Tran$actlon$ There wÈre no material related Iransactions during the year whlch requirÈ dis¢losure12021'.NIII