## **THE NEW LIFE INTERNATIONAL MISSION** **TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2024** **Charity Registration No. 1092682** **Charity No. 1092682** ## **REFERENCE AND ADMINISTRATIVE DETAILS** _Name_ The New Life International Mission _Charity number_ 1092682 _Address & Office_ 150-152 Granby Street Liverpool L8 2US _Trustees_ During the year members of the Board of Trustees were as follows: Bishop (Dr) Panton Okon (Chair) Rev. Danny Ansong Rev. (Mrs.) Sename Ojukwu Rev (Dr.) Dickson Ojukwu Rev. Theophilus Chondol Rev. Anthony Obaigbona 2 **Charity No. 1092682** ## **Contents:** **Page** Chairman’s Report 4 Trustees’ Report 7-10 Independent auditor’s report 11 Statement of financial activities 12 Balance Sheet 13 Notes to financial statements 14 -19 3 ## **THE CHAIR’S REPORT** The year 2024 has been a remarkable season of growth, service, and renewal for The New Life International Mission (TNLIM). Guided by our vision _**“discipling and transforming lives; touching and impacting nations”**_ the Mission has continued to strengthen its spiritual foundations while extending its reach within and beyond our local community. The theme for 2024 was **“** _**Working the Works of God”**_ which was a continuation of the 2023 theme. This report provides an overview of major activities and developments across key areas of ministry — including spiritual growth, community engagement, collaboration with other Christian organisations, outreach programmes, youth development, and social support initiatives. It also highlights TNLIM’s positive influence on the Granby Triangle and other developments that have contributed significantly to the life and mission of the church during the year. ## **1. Spiritual Growth of the Church** Throughout 2024, the Lord has graciously enabled the Mission to grow through a strong emphasis on discipleship, prayer, teaching, and worship. Regular Bible Study sessions were held every Wednesday from 7:00 p.m. to 8:30 p.m., offering valuable opportunities for in-depth study, discussion, and personal reflection. Sunday School, meeting weekly from 10:00 a.m. to 10:55 a.m., covered a range of biblical topics relevant to Christian maturity and daily living. Evangelism outreach took place twice a month — on the second and fourth Saturdays — where members visited Liverpool City centre and nearby malls to distribute tracts and share the Gospel. The Sunday Divine Encounter Service (11:00 a.m. – 12:30 p.m.) has remained a time of powerful worship and sound teaching. The Lord has used our Senior Pastor, Bishop Panton Okon, together with other pastors and ministers, to deliver the Word of God with clarity and conviction, greatly encouraging spiritual growth among members. Further growth was also nurtured through men’s, women’s, and youth fellowship meetings, which created spaces for testimonies, encouragement, and deeper spiritual bonding among members. ## **2. Community Involvement and Engagement** TNLIM has continued to play an active role within the local community, particularly around the Granby Triangle. Pastor Tony Obaigbona serves as a liaison between the Mission and nearby churches, including the local Methodist fellowship. Our Wednesday meetings have become a welcoming space for both members and visitors to study the Bible, share snacks or light meals, and engage in discussions about faith and everyday life. People from Liverpool and neighbouring towns such as Wigan regularly attended, with an average of 4–5 participants each week. The Mission also participated in the Easter Walk of Witness, marching through Toxteth Park Road alongside other churches to publicly proclaim the message of Jesus. This event served as an inspiring expression of Christian unity. In addition, the Mission reached out to members facing health challenges through visits, prayers, and acts of kindness — extending the love and compassion of Christ in tangible ways. ## **3. Collaboration with Other Christian Groups and Ministries** TNLIM continues to work closely with networks such as Together for the Harvest (TFH) and the Liverpool Ministers’ Association (LMA), engaging in joint intercession, prayer, and evangelistic initiatives. These collaborations have strengthened unity within the body of Christ and provided spiritual encouragement across the city. Joint programmes, including fellowship gatherings and sporting events, have promoted both physical well-being and relational connection among believers. 4 Members also participated in outreach activities outside Liverpool, partnering with other Christian groups to share the Gospel and encourage collective evangelism. ## **4. Outreach Programmes** Evangelism and community outreach remain at the heart of our mission. Regular street missions and evangelistic engagements have brought the message of salvation to many. At the Granby Street Market, held on the first Saturday of each month from spring through autumn, the church maintained a visible and friendly presence — offering tea, coffee, refreshments, and opportunities for prayer and conversation. Evangelistic outreaches to the community are also organised on the second and fourth Saturdays of each month.These interactions have helped build trust, foster spiritual connections, and establish the Mission as a caring presence within the community. ## **5. Impact on the Granby Triangle** The Granby Triangle continues to serve as a vital hub for ministry and community engagement. It provides a welcoming environment for people to walk in, ask questions, and receive prayer or encouragement. Through this base, TNLIM has become a steady light in the community — meeting both spiritual and practical needs while building lasting relationships rooted in faith and compassion. ## **6. Youth Development** We thank God for His continued faithfulness in the lives of our young people. Many have made significant progress — some entering or completing university, others seeking employment, and several still pursuing their education. The youth group has remained active in fellowship, service, and creative ministry. Youth-led services and a special evening concert provided opportunities for young believers to lead the congregation in worship and prayer, showcasing their gifts and growing confidence. While there is still room for greater participation, their enthusiasm and spiritual growth have been a great source of encouragement to the entire church family. ## **7. Support for Orphans and Widows** TNLIM continues to demonstrate compassion towards orphans and widows through welfare and relief initiatives. Although the church does not conduct formal fundraising drives, members have willingly contributed to meet specific needs as they arise. The Mission also made relief donations in response to natural disasters around the world, partnering with trusted Christian aid organisations such as Tearfund, Barnabas Aid, and The Christian Institute to provide practical help and spiritual encouragement to those affected. ## **8. Other Developments** The Mission remains grounded in a lifestyle of prayer and spiritual discipline. Daily morning prayers are held from Saturday to Thursday at 6:00 a.m., while Friday evening prayers take place weekly at 7:00 p.m. The last Friday of each month is dedicated to an extended night vigil. The Thursday midnight intercession group (12:00 a.m. – 1:00 a.m.) continues to faithfully pray for the church, the city, the nation, and the global body of Christ. The Gatekeepers Choir has also flourished this year, ministering powerfully during services and special programmes. Our children’s ministry and Sunday 5 School have continued to nurture young hearts, encouraging faith, participation, and a sense of belonging from an early age. ## **Conclusion** In summary, 2024 has been a year of evident progress, divine favour, and spiritual renewal for The New Life International Mission. Through the dedication of our leadership, members, and partners, the Mission has continued to advance its calling to bring hope, healing, and transformation to individuals and communities. We remain deeply grateful for the grace of God that empowers us to serve with purpose and to make a lasting impact. As we look ahead to 2025, our commitment remains firm — to strengthen our spiritual foundations, expand our outreach, and deepen unity within the body of Christ — all for the glory of God and the fulfilment of His Kingdom purpose. The Trustees of TNLIM have demonstrated a high degree of commitment to its cause, satisfying legal obligations with integrity and have served diligently and selflessly. Prudence and accountability have characterised the handling of TNLIM's accounts and funds received have been utilised judiciously within the context of TNLIM’s goals and objectives. As a Church-based Christian charity, we look forward to continuing our present engagement with other churches, communities and individuals, and we anticipate positive growth in the coming 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 fulfil the purpose for which it has been established in Jesus’ Name. **----- Start of picture text -----**
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bib.
Bishop (Dr.) Panton Okon
Chair
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Date: 26th October, 2025 6 ## **TRUSTEE ANNUAL REPORT** The trustees are pleased to present their annual report for the year ended 31[st ] December 2024. The financial statements have been prepared in accordance with the charity’s trust deed, the Charities Act 2011 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 published (FRS 102) (effective 1[st] January 2015). ## **OBJECTIVES AND ACTIVITIES** ## **Aims:** The aims of our charity are summarised as follows:- 1. To advance the Christian faith primarily in the area of Liverpool, north of the River Mersey - for all, irrespective of colour, nationality or gender. 2. To support missionary activity at home and abroad in accordance with our constitution in Article III 3. To demonstrate God's love and mercy to all and support one another in times of need. Our objectives are set to reflect our faith and community aims. The trustees review the objectives on a regular basis ensuring they are adhered to and implemented. We aim to provide facilities: 1. To express our love for God during our Sunday Worship services. 2. To provide weekly Bible instruction, for children, women, men and the youth (older and younger youth), for education and training on right living. 3. To organise prayer meetings to enable members to come together to seek God’s face in supplication and intercession. 4. Training and advancement in music is encouraged. We provide a relaxed and encouraging environment for singers and instrumentalists to emerge and excel through weekly choir and music practice. This is on a voluntary basis. It is open to all. ## **Strategies:** 1. We have our monthly newsletter (The New Life Herald) to inform and disseminate testimonies and special activities. 2. Networking with sister churches/organisations. We are part of the "Together For The Harvest". 3. Tract/leaflet distribution to our community for preaching the Gospel of Jesus Christ and promoting the work of the charity. ## **Funding Policy** Freewill offerings, tithes (for those who wish) are collected on Sundays on a voluntary basis. Application for grants from outside bodies will be made to enhance our activities, upgrade equipment and generally create and maintain the right environment, clean, safe and comfortable for all. 7 ## **Public Benefit** The Trustees are aware of the Charity Commission guidance on public benefit. The work of the charity and the funds it raises are wholly directed towards furthering the aims and objectives set out above and the trustees are therefore of the view that the charity satisfies the criteria laid down to meet the public benefit test. ## **ACHIEVEMENTS AND PERFORMANCE:** 1. Donations given to the bereaved. 2. Outreach to residents of nearby care homes. 3. Missionary trip contributions. 4. Donations(monetary and material) to orphanages overseas. 5. Donation of clothing to the poor and needy through charity homes here in Liverpool. ## **ACTIVITIES DELIVERING PUBLIC BENEFIT:** Our charity carries out a wide range of activities in pursuance of its charitable aims. We feel that the activities listed below benefit both the community members attending the church and the wider community. 1. Educational Programmes on Child care. 2. Provision of a place of worship to which all are invited on meeting days 3. Provision of nutritional guidelines for members. 4. Emphasis on holistic health and well-being. The activities of the charity provide nourishment for the body, soul and spirit. 5. Support and encourage people on immigration issues, ensuring that their continued stay in the UK is legal. 6. Youth Club every Saturday: Investing in the lives of young people morally and spiritually, for a meaningful future. 7. Food banks: Donating food items to the needy and making sandwiches for the homeless people. 8. Providing comfort to the bereaved and attending to the vulnerable. 9. Demonstrating the love of Christ which promotes social cohesion and peace, thereby contributing towards a better society…. ## **Religious Activities:** Our Church provides a venue for prayers and other religious activities. The various religious activities are listed below: 1. Prayers: For all, Toxteth, our local community, the neighbourhood and nations. 2. Bible study and choir practice. 3. Giving to those in need such as Orphans of Martyrs in Nigeria. 4. Supporting one another. 5. Encouraging the vulnerable. 6. Partnership with social support for mental health problems. 7. Networking with other churches. 8 8. Supplying food to the vulnerable in the community. 9. Evangelism and Outreach ## **Rites and Festivals:** - A. All Christian festivals: From Epiphany (Jan. 6), to Lent, Palm Sunday, Good Friday, Easter, Ascension Day, Pentecost, right up to Christmas. - B. Marriages - C. Funeral services - D. Child dedication. - E. Baptism (Religious rites). - F. Sunday School. - G. Biblical and moral instruction to all. - H. Youth group - I. Women's group: - a. Emphasis on better child rearing practices. - b. Empowerment for private enterprise. - c. Supporting each other in times of celebrations, jubilations, sadness and bereavement. - J. Men’s group: - a. Brotherhood and Support - b. Spiritual Growth - c. Leadership Development - d. Service and Outreach - e. Forging Accountability ## **Donations to the Community:** Giving by church members: - Freewill offerings, Tithes and pledges. ## **International/Missions:** 1. Donation of warm clothing and disability equipment such as wheelchairs (jointly with other charities) to Nigeria and other African nations. 2. We support people with varied needs on an individual basis. 3. Providing Christian training and education, at home and abroad. ## **RESERVES POLICY** It is the policy of the charity to maintain unrestricted funds, which are free reserves at a level which will allow the charity to cover redundancy provision costs and continue its activities for three months should no further funding be received. At the end of the financial year, unrestricted funds totalled £437,908 (2023: £449, 269) and are represented by freehold property and General Reserve, leaving free reserves of £1,707 (2023: £9,690). The charity requires £6,855.44 for redundancy provision and £9,636.71 for three months running costs (Total: £16,492.15). It is envisaged that reserves will increase by increased donations/offerings drive, strong control in bringing operational cost down, and effective efforts in seeking grants. We will be letting out available spaces to boost our income and engage in partnerships that can support our income. 9 ## **RISK MANAGEMENT** The main risks to which the charity is exposed have been identified by the Trustees and systems have been put in place to mitigate those risks. ## **PLANS FOR THE FUTURE** 1. Engage more actively with the community around us in the task of evangelism, discipleship and communal benefit. 2. Organise Trust activities in order to minimise cost of operations. 3. Renovation of the church building, Glory House. This is ongoing. 4. Pursue and maintain collaborative ties with other Christian organisations in the United Kingdom but more especially within Liverpool. 5. Pursue an proactive involvement in missions in and beyond Liverpool. 6. Create a Christian Ministry training/education department with the objective of training pastors and ministers locally and internationally. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The New Life International Mission is a registered charity, number 1092682 formed on 28[th] June 2002. The Governing Document is a constitution adopted on 1[st] January 2003 and amended 1[st] January 2011. ## **Organisational Structure** The Board of Trustees ensures that activities undertaken by the Church are done within the legal framework stipulated by the Charity Commission. ## **Organisational review** The main activities of the church are twofold i.e. charitable and the use of the gospel of Jesus Christ to bless our community. The various arms of ministry are usually led by different people nominated by the church, pastors, elders, ministers and deacons. ## **Recruitment and Appointment of Trustees - Voluntary** The number of trustees remains the same as the previous year.. ## **Induction and Training of trustees** All new members of trustees are required to undergo the entire training programme provided for their induction into the Board of Trustees which provides a meaningful orientation on the functions of the trustees. Their training involves attending and observing a couple of meetings. 10 Chlrity No. 1092682 THE NEW LIFE INTeRNATIONAL MISSION lThlependent E¥amlt)*$ ReptsrttotheTnsteestorthe yearended 31 Det*))b¥2024 I report on the acu)unts for The New bfe International Miss¢on ftjr the year ended 31 Detrmber 2024. Respecti￿ reSp￿sIbl￿tIeS of ￿￿te¢s, member5 and examlner As the charlty membersyou are responsible for the preparation of the accounts.. you conslder thatthe audit requirementof section 43121 of the ¢harltlesA£t 1993 Ithe Attl does not apply. It ts my fesponsibilityto 5tste, on the basls of procedures speofied in the General Direttionswven by The Charity commi￿OnerS undef settion 4317116) of the Affj whether parbcvlar matter5 have corne to my attention. B#si50t Independent Examlnees Report My examination w35 carrled out In a¢iordan£ewith the General Oirectionsgiven by the Charlty Commityoner* An ex3min*ion include5 a review of the accounting record5 kept by the charlty and a comparlson of the &counts presented wlth those records. It also indutles wnyderation of anv unusual items or dlsclosures in the accounty and seÈknfig explanations from you as trustee5 contrminBanysuth matters. The procedures undertaken do not PrO￿de all the ewdence that would be required in an audlL and conSequen￿V I do Thot express an audSt oplnlon on the view ven bythe accountL Independ¢rf E¥amlne¢s Stateme In connett)on wlth myexaminatlon, no matter has come to my attention.. 111 whlth glves me rea50D3ble cause to believe that in any material re5peLtthe requlrements to keep accounting records In a￿Otda[>tr wlth sethon 41 of the Act. and to prepare accountswhith attord with the accounting records and to ¢omplywith the accotsnting requiTernents of the Art have not been met or 121 to whlth. in myopinion, attention should be drawn In order to enable a proper under5tsnding of the accounts to be reathed. D8te'. C WC Consultants selv1￿$ Independert Examlner Charity No. 1092682 THE NEW LIFE INTERNATIONAL MISSION ststement of financlal Actlvities for the year ended 31 De¢embeT 2024 Unrestrlrted Restricted funds funds 2024 Totsl 2023 Total Notes Incoming and Endowments Incomlng resources from generated funds.. Voluntsry income.. rithes Offerlng Donations and Legacles Rent Other Bank Interest GSft Aid Total Incomlng resources 38,275 366 38,275 366 37,721 4,8¢X) 4.601 43,242 4,601 43,242 6,596 49,119 Resources expended Charitable activities Religious Works Loan repald Governance costs Total resources expended 144,0441 110.5591 144,0441 110,5591 135,8711 112,1311 148,002} (54,6031 Net In¢omln8/outgolng resources before transfers 111,3611 111,3611 1,117 Gross transfers between funds (11,3611 111,361) 1.117 Retonciliation of funds Totsl funds brought forward Revaluation reserve balance 449,269 449,269 448,152 Total fvnds carried f¢)n¥ard 437,908 437,908 449,269 Charity No. 1092682 THE NEW LIFE INTERNATIONAL MISSION Balance Sheet as at 31 December 2024 2024 2023 Fixed assets Notes Tangible assets Iprovi5ion- revaluation in the yearl 436,201 436,201 439.579 439,579 Current assets Debtors Cash at bank and Sn hand 432 3.215 3,647 11,491 Creditors". amounts falling due within one year 11,9401 11,8091 Net curfent Illabllltlesl/assets 1.707 9,690 Net assets 437,908 449,269 The funds of the charity Unrestrictedfvnds.. General Reserve Revaluation Reserve Deficit/Surplus for the year 52,217 397,052 -11,361 51,100 397,052 1,117 449,269 449.269 Total Charityfunds 437.908 Approved by the trustees on ......................... and signed on their behalf by.. Blshop {Drl Panton Okon Chalr The notes at pages 9 to 11 form part of these accounts THE NEW UFE INTERNATIONAL MISSION Charity No. 1092682 Notes to the finandal statements for the year ended 31 DecernbÈr 2024 l. A¢countin¢ polldes lal Basls of P￿parat￿￿n The financial statements have bèen prepaied underthe historic cost conventlon. The flnancial statements have been prepared in accordance with the Statement of Recommended Prartice.. Accounting and Reportln8 by Charities ISORP 20051 issued in Marth 2005. and applitablè UK Attountin8 Standards and ihe CharitÉes Act 2011. The financial statements have been prepared on a going ￿ncern basis that assumes thatthe thaiity will continue to re￿1ve the support of its bankers, creditors and funders. The charity is aware of the deficit inojrred and is in the proces5 of addressing this intludin8 actions to secure more fvnding nd implement èffitiènty strategies. Ibl Funds strurtur• Unrestricted incomé funds comprlse those funds which the trustees are free to use for any purpose in furtheran of the charitable object& Unrestrirted funds include all funds that the trustees use at their discretion, and have set aside resources for a specific PUfPOSe. Ic) In¢omlng resour All incoming resources are included in the statement of flnanclal activitles when the tharlty Is entitled to the Income ahd the amount Can ￿ quanttfied with reasonable accuracy. The following sp￿lfIC policies are applied to parti¢ular ¢ategories of in¢ome= Voluntary income is received by way of grants, donations and gifts and is induded in full in the statement of financial activltles when ￿ceivable. Grants wherè èntitlement is not conditional on the delivery of a sp￿lfIC performance by the charity, are recognised when the charity becomès unconditlonally èntitled to the 8rant. Donated servlces and facilltiès are includèd at the value to the charity where this can be quantified. The value of services provided byvolunteer5 has not been included. Grants. intluding grants for the purchase of fixed assets, are reco8nlsèd In full In the statement of ffinancial activities in the year in which they are re￿1Vable. Id IRe50urw expended Expendsture Is reco8nlsed on an artual basis as a liability is incurred. Expenditure Includes any VAT whlch cannot fully recovered, and is reported as part of the expenditure to whith it relates. lè } Charitsble actlvltles Charitable expenditure comprl*s those costs inturred by the charity in the delivery of its actfvlties and seNlces for Its beneficiariés. It intlude5 both costs that can be allocated dirÈrttyto such artivities and those costs of an indirect nature necessary to support them. lfj Tanglble fixed assets and d•preclatlon Tangible thxed assets other than freehold land are stated at cost or valuatton le￿ depreciatlon. Depreciation is provlded at rates calculatete5 to thè Finandal Statements forthe y•ar •nded 31 December 2024 Taxation income and gains are exempt from taxation a5 they are received and applièd for charltable purposed only. The charity benefit from various exemptions from taxation afforded bytax lègislation and is not liable to corporatlon tax on income or gains falling wlthln those exemptlons. The charity Is not able to recover Value Added Tax. Expenditure is recorded in the accounts inclusive of VAT. 2. Income and endowments from Unre5trkted funds Restrkted funds Totsl 2024 Total 2023 Voluntsry Income: Tithes Offering Others Rent Bank interest 38,275 366 38,275 366 37,721 4,8CO Glft Aid 4,601 43.242 4,601 43,242 6,596 49,119 Totsl resources expended Dlrert arltable Expenditure Support & Governance Total Totsl 2024 2023 To advancethe Chrittian faith and supwrt mlsslonary attivities in the Llverpjol area and abroad 48,002 . Analy5eil a5 follow5: 2024 2023 Ctharltabje actlvltles Stsff salary Costs Ch￿r(h running costs Attwitie5 19.743 11,794 1,948 18,101 8,219 Ministry Mi55ion 10,559 9,551 Donations Speaker Equlpment Hlre 35A71 Support & Gov•rnantÈ Cg5ts: 2024 2023 Trnvel Pension Sundry incl Insurance Subscription Bank charges PAYE/NI Accountancy Depretiation Totsl 1,228 560 1.304 456 1,076 1,300 3,344 300 3,367 10,559 300 9,455 12.131 Expendiiure on charitable acthltles 54,603 48,002 Charlty No. 1092682 THE NEW UFE INTERNATIONAL MISSION tes to the Financial Statèments lor the year ended 31 De￿mber 2024 b. Staff Gosts: 2024 2023 wag•s and salarfos 19,743 ,ioi . Particulars of •mployt•s: Average number of employees duringthe year, calculated on the basls of full-tlme equlvalents. was as follows=_ 2024 2023 Charitable activitles The Trustees are not remunerated forthelr servfor the year ended 31 December 2023 No out of pocket expenses were reimbursed toTrustees in the year12024: NILI Ctrtarrty No. 1092682 THE NEW LIFE INTERNATIONAL MISSION Note5 to the Financial Ststements for the year ended 31 December 2024 None of the trustees lor any persons connected with theml received any remuneration duringthe year and none of them was relmbursed eXpeTr￿s. 4. Tan8ible fixed a55ets Freehold Property & Improvemènts 2024 Motor Vehide 2024 Totsl 2024 Cost At I january 2024 Additions Revtsluation At 31 Decernbei 2024 482,762 482,762 482,762 482,762 Depredatlon At I january 2022 Char8e for the period 43,184 3,367 43,184 At 31 December 2022 46,551 43,184 Net aook Values At 31 De￿mber 2024 436.201 At 31 D*￿mber 2023 439,579 439.573 A revaluatlon of frèehold property 15(>152 Granby Street. ￿VerpOol, L8 2US was undertaken by Griffits Thompson Partnershlp on 19 September 2015. The Trustees believe the value of the property as at 31 Oecember 2019 is not materially different from the value included in the accounts. S. Debtors There were no debtors as atthe year ended 31 December 202212021.. NIL) rxeditors: Amounts falllngdue wlthin one year 2024 2023 Accruals 1,940 1,940 1,809 CharftyNo. 1092682 IHE New UFE INTERNATIONALMISSiON N•te$￿the fih•Th¢ial forihe yeaiended 31 OetembÈr2023 7.An1￿$1$ af NÈtA£tets bttsvoert Fuhds Ta￿{ble Fkned Netthttent Assets Totsl lIn￿strIrted Futs 2024 2024 General Fund Revaluatlon reserve 52.217 397,052 449269 40.856 397,052 457,908 8. Unre51rkted Fund5 Movements in theyear Resourw ot Ethdoltheyear 2024 at Be8lMI oltheYt¥r 2023 2023 General Fund 51217 52,217 -11,361 397,052 -11361 Revaluatlon reseThe 397,052 449,269 -11,361 437.9Q8 Charity No. 1092682 THE NEW LIFE INTERNATIONAL MISSION Notes to the Flnanclal Statements for the year ended 31 December 2024 General Fund This fijnd is used to finance the ¢haritls general activities and core costs as outlined in the Trustees. Report. Revaluation Reserve arises from a revaluatlon of the charity's freehold property 15(k152 Granby Street, Liverpool undertaken by the Griffiths Thompson Partnership in September 2015. The movement on his reseNe represents depreciation on the freehold property- 9. Restrlcted Funds There were no restricted funds as at 310ecember 202412023=Nill. 10. Guarantees and Othgr Financial Commitments There are no financial commilments under non-cancellable operating leases12024.' Nil) 11. Relatsd Party Transaction5 There were no material related transactions during the year which require disclosure12024.'Nill