Ch*rity registr*tion numbtr 1097140 (England and W*ltsl
NEW LIFE CHURCH (NORTH LONDON)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

NEW LIFE CHURCH (NORTH LONDON)
LEGAL AND ADMINISTRATIVE INFORMATION
Thistets
R.W. SOU￿¢T
N.T. Wcsi
G. Smith
O. Onoh
M. Ilond
A. Clgrk¢
Chxrity numbtrlEnel*nd And Wxleg)
I￿7140
Principal 8ddres5
19 Halion Close
tA>ndon
N113HQ
Independ¢nt tx#mintr
HB Accouniants
28 Plumplon I louse
Plutnpton Road
Hod(kn(k)n
Hertlordshire
LNI 101.11
BaDke
HSBC plc
101-103 ststion Road
Edgwa
Middlcsex
HA8 7JJ
Solieitor5
2 The Square
Solihull
B913RB

EW LIFE CHURCH (NORTH LONDON)
COINTENTS
TrusiLeS' fL'rK)rt
Independ￿1 ¢xaminerfs rwrt
Siaicmcni orrinancial actLVL(ies
Ilaloncc sh¢ct
Notes lo th¢ financtal stslemer
8-16

NEW LIFE CHURCH (NORTH LONDON)
TRUSTEES, REPORT
FOR THE YEAR EIVDED.11 MARCH 2024
'I'hc tru%te&s prL%¢nt ih¢ir tinnual rt'p)rt and financial $￿eMentS for thc yLxrC￿jcd Jl March 2024.
ThL ¥cLounis have been prepared in accordance with the accounting w)Iicie5 Set oul in notc l kn the accounts and comply with
thL' ch￿Ily'S Irugi d¢￿￿. applieablc law and ihe requir¢ments of thc Statem¢nt of RcroTlltn¢tJdd pr￿llec. 'Ac£ounling and
R¢porting by ChJrilics' isskicd in March 2005.
-I'h¢ Irust¢L% havL had duL' rL'gard 10 guidance publtshL¥I by Ihe Chariry CommissioTh on public b¢n¢fiL
Objectives aDd a¢livitie5
'I'hL objccL% JrL'.
l. .1 hc advancLment of Ihc Christian faith and the worship of in ihc U.K. and e15cwhere by any rncan* whatsoevcr.
including Ibiii not by way ol- litnitalionl the PT￿hing atKI PmLl&motion of the Chrisiian gospel. the leaching of Chri%ti
d￿lrinL and principlcs. the pastoral carc of Christian twplc and thc PTinling atml distTibuiion of the Biblc and Christian
lilCfalurL', including video and audio recordings or ¢l¢aronically and by any oih¢r tncdia which is or may ￿￿cOM¢ available.
2. ThL reliLfof ￿rgOnS who arc in condiiions ofne&4. hardship or disirc&E. or who arc a8¢d or sick.
3. 'fhL daV￿LL'MLnl ofeduL41ion on ihe b&8is ofchrisiian principles and. witlK)Ut pr¢judi¢¢ to the gtrteralily ofthe loregoingy
IhL pri)vi%ic)n of %ULh LduLation in any cducaiional csiabltshmcni and. if th¢ In￿1¢¢% so decid¢, Ihe provi%iun uf onc or MOTC
haritJhlc Ldutyatiu￿1 Lsiablishmenis lor the gencral educ&iot) ofchildren OT adults OTh th¢ basis ofsuch Chrislian principles.
Public bc'nefii
'I'hL Iruslei% huv¢ paid dut rL'gard io guidance issued by the Charity Commi55ion in 4kciding Wh￿ activili¢% thc church should
undcrtake.
Achievements performance
Significani aciiviiies andachievemenr.¥ agaiwl obJ￿1￿¥￿S
Ncw Lif¢ ch￿￿h INorth tA>ndonl Trusiecs Iihe Trusiees), together with the lThd¢rs. arc cntnrniltcd io ¢nablirt8 as many people
po&4ible lo wor%hip at the ChurLh Services and p￿1¢1pate in the life of the Church. thTough attending %¢rvicc% in pcrson and
through listening to the teaching Hnd downlO￿lnE the 1￿ChIng rMTrsiLXt on the Church websit¢. We actively sttk to involve as
many as p)ssibl¢ in becotnTng part of our ChuTLh communily: Ihrough advcrtising and ihe promotion ofthe Church seTViCC8 in
Ihe local comrnunily and ￿yon& by ￿l￿g thc inl¢mcL
When planning our aciiviiies. the Church L¢ad¢T5 and the Tru51rs wnsider the Commission's guidance on public b¢n¢fit and
Iht %￿Lif1L 8uidancL on chariiies for the wjvancemenl ofreligion. the ¥lvaTwzmerti of ducation and thc preveniion or relief of
tK)vtrty.
Thi Lhurrh ha5 wnlinu¢d 10 operate &8-The Church in StTect- with SuTyJay Tn¢¢lings held ￿ th¢ building ai 21 B￿sett
%trLct. NW5 41?G. I'his has ronlinucd 10 provide a S[￿lFie geographical focu5 to the church's outreach. Church mL*iings have
bccn held at IU..(MJAM and 12..00PM ￿ch Sunday Lxeepi during some h)liday Ftri(yJs where a singl¢ I I..00AM %etviec has
bLeii hLld. During ihe lir%1 rn¢¢ling cla5s¢% ar h¢ld for pre-sch(MJl aThl Primary school aged childrcn. In thc seTh)nd %L'rvicc
cI&qsL¥ drc held for sLxondary and sixth fomi age young pwplG Thi$ t*¢n nLxcssary due to the limiied space in the building
We continue lo ¢njoy b¢iDg part of Ihe Relaiional Mission IRMI farrbily of churche5. O¥￿ the year the tnan%c al 70 Maldcn
Road. which is owned by the Iru51, k¢n Ii*std 10 RM to provide a tA)ndon home for Mike and Su¢ Betts and thus Support
Ihcir work and hclp Ihcm build on their rclalion%hi]xs wtth othtT Lhurch Ic&lcrs and influencers in Ihc capital.
DLiring IhL year janL￿ Wil￿n sicpped down as a'lruslec. Jan has Ix%n a Trusice sinL* the Trusi was sa up and for n)any Y￿
trLL%ufL'r. Jan s %LfvicL' in (his rolc for the 'l'ru51 ha5 tkxn grcaily apprtciaied. Drtw Clarke took on ihe role of
Ir¢u5ufcT when he waE ap￿in1¢d as a trusiec in DecLryn￿r 2022.
A¢hievtments And Ptrfoman¢e
wor.whip
ThL' %iiftdry rnLelin&% ¢ontinue 10 ￿ Ihc main gathering5 for the wholc churth. T¢*ching coniinues io rteordcd and 15
avuilJble to dowDloud all¢r Ih¢' tntt*lings for ihose wlM> may have mi55ed Ihc t￿hIng or wish lo lislen again.

NEW LIFE CHURCH (INORTH LONDON)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
lèachin
l)uring Ihc Sunday rnccling5 we have a Christian tcaching ministry for Ihosc prcsenL Ihis Iwhing is also availablL r()r PLople
Irom across the world who visit Ihe Cthufch websit¢ io lisieTh to ihe leaching or access (he Tesources wsled ihcrc. In Ihis way the
mtnisiry ol'the Church is exicndcd io a much larger audien
-IL'Jchirtg subjtLIS (X>YLfLd during ihL' ytrJr includcd topi￿1 t￿kS on thc and WtsTk of tht 14oly SpiriL Ihc parables of
J¢8us, thi jvumey io Bcthlih¢Tn lin Ihc run up to Christsnas). Thc New Ycar with a scri¢s un pray¢r and in Ihc run
up lo fw8lcT 2024, JL%us' joumey lo the cr05
ljrayer
l?ublic prayer tncclin&s are an imporiant pan of what we do. The purrA)se of Ihcs¢ prayer meetings ha5 b￿n primaTily ¢0 pray
lor Ihc work ol'the Church, bui also for North Lon(h)n and for widcr issuts affecting ihc wlK>lc nation and Wond.
PrayL'r mLLting% lake place weekly during Icrm-lime on T￿esdaY evenings and Friday momijw &% well as a prL'.mce(ing Prayer
limi a.Sunday tnomin
inLc January 2024 we have a150 met monthly with oih¢T churche5 in the RM family to pray ¢0g¢th¢r for the SP￿ading ofGod's
kingdom acro.K% North IA)ndon.
l)asioral C(we
Diiring Ihc year more communiiy groups have been e51ablished so those who wtsh ￿ can atiend smaller group me¢tiD&%.
Mosi ofihcse groups focus on a gcogrdphi￿l an￿ ofkn)n(h)n
'rhL' ¢hildren arL' L*rd for by ih¢ children's workers in th¢ age-s￿lf1¢ childrL'n'S gN)ups.
Additionally. we have smalleT -connect- gTOUP5 also c￿led -Running Partner5- where Iwo or three tnetnberE of thc church
could meet more informally for pray¢T and ¢ncouTagernenL
Mission ¢Tndl:-vangelism
We encoiirage each rn¢mt¢r io be involved in r￿T￿nal mission and evangeltsm. We have two youth group5, Catering ftsr
dillcrcni agcs, wilh IhL objLYtive ofieaching Ihc Christian mcssage and presenting ihc claims ofJesus Christ io young peoplc in
a way thai is relevant to Iheir inierests and Lwuipping them ￿ nxh others.
W¢ w()rk with %upw>rt a lo￿[ Foodbank proj¢d whith is rm by Revclaiion Churdj and provid¢5 f<￿ pa]wls for ihe
PQKire%l m¢mirr4 ol-thc local cotnrnunily.
'I'hc Church is also a member ot-th¢ Lvangelical AllIar￿ ofchurche5 in th¢ U.K.
l.iiilL' Gems
In IhL Auiumn of 2023, a mCMt￿r of1￿ church with exie￿1ve experiencc in njnning pre-sclMM)I groups for Children b￿arn¢
available on a part-limL ba%is. This led 10 the geiting up ora parcnt aNI ioddler gr0￿p meeting a week in ihe Bassclt Street
buildinby t)n J I'hur%dJ)' JlliYn()un. I his I￿L.￿ upw)rtunil)' tu pruvidL' J SUPtx)rt SLn'iLL' lu litniliL'% ul" prL-SLliool
child￿￿ in thc area. As a T&8uIt ofthis group a nutnbcrof rw ￿>Ple have join¢d th¢ chu￿lL
Parrnership wilh Rhema Faiih Church in Ndola. /A7mbio
In Junc 2023 wc joincd with oihcr RM churches tn sending a team to Rhema faith ChuTeh in Ndola. 7ambia 10 support young
Ihurch leadL￿ in training and mcnioring. This involv¢Jl one ofthc B&8seii Sireci church Icaders going 10 Zambia io help with
tLtiihing al a L(Inl¢T¢nC¢. This Padr*rship 8]so irtvolvd kirtg involved in on-line training for young el(kr% and an on-line
marri￿1ge preparation course.
Chrisiiurt¥A£dirt¥i Poverty (CAP)
'rhL' Trust Li)niinui% tc) %upwrt IhL work ofcAP in CamdLm by srM)nwring a part-iime workcr for ihe charity. A rtw mcinbers of
IhL church al40 vuluntccr with CAP. A ftw wple haYL' thiiendcd ehuTch events. includingAlpha and a Community GTOUP Irom
('.Al> 'l'hc church provideE volunlccrs who work with th¢ local fi)odbank.

NEW LIFE CHURCH (NORTH LONDON)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR EJVDED 31 MARCH 2024
and Ra¥emenl rial ai 70 Malden Roud
As noied aknvL. fmtn April 2023 IhL Manst ai 70 Maldtn Road h&$ let io RM at a hcavily subsidised rcnl. This h
cndbled RM lo use thi% hotnc in l.undnn for Mikc and S￿, BL￿1t% io siJprM)rt thcir incr￿Ing work willi oihcr chur¢hc% and
ltradcrs.
Thi ba%Lmini tlai is curycnlly Ict to two mLYntrm of the church on a Tent level that is c105¢ lo a tnarkct renL
Works io ihe Church
Works lo Ihc chuTch have conlinutd in 23r24. incluLk wotks on ihc security sysiem for th¢ church to &%%isl with
8aliguarding and work5 to cnhance ihc firc alartn systcrn Jnd firc safLLy. SomL' works have Fttn ￿led oul lo repair rooficak%
OVLr ihc kiichen.
rurihL'r wurk is rcquircd, and Ihis is Curr￿llY budgaed for in the set asid¢ for this. These include further repairs to
r()uf%, r¢plac¢mLrti. or relurbishmcni ofwindows cie.
Some cracking h&s bc¢n ￿￿ed in I1￿ building and this is ￿Ing pursued through insur¢TS as this could be due to subsidencc.
Fin#nci*l review
l)onation% and gill% tO8tihtr with ihe rclaied Gift Aid dccrca8cd ￿ £167.953 from £187.650. IASI year a gill of£50.orx>
was rcceived Irom Kcnti%h Town Ev&n8L'lical Church.
ExrMses have incre&s¢d lo £194.569 from £178.130. Included arc grants paid which increased from £8.604 to £19,630 largely
duc lo hanlship fund gifts.
OvLrnll, th¢￿ wa% a rtei deficit for IhL year of£7.196 cOmp￿ed with a suwplus l&Et year of £72.539.
'lolal fund% at the year cnd arc £2.729.108. The balar￿C S￿et Tematns sirong with cash at bank and in hand being £144.320 as
compared wilh £189.582 last year. li is down a% thrtc yeats Eift aid claims king done as optM)5ed lo two I￿l year.
bL'ing £71,673 vcrsus £45.181 la5ty¢aT.
Rg.verve$poltcy
It is IhL policy ol'ih¢ church that UnT¢Striclcd funds whith have tr*en desi￿1¢￿ for a srttifie use Should bc mainlainixl at a
Icvel cquivalcnt 10 bctwccn thTCC and six monih'% ¢X￿di1UrL'. The trusiLYS Wrt8idcr ihai rcserves at this level will ¢nsur¢ thai,
in the LvLni ol. a signilicani drop in fur￿l￿g. they will able lo (x)ntirtue the church's currcni 8aiviiies whilc consideration is
giv¢n io ways in which addttional fund5 may k rn15￿. Thi5 level Orr￿TV¢S hLs t*tn m￿AtriMed Ihroughoul ihc y¢8r.
Gram Making ljolicy
-Thc I'rusl 18 primarily focused on provi(ling %Lrvius in accordance wilh Ihc obje£ts ofthe Trust. li u5e5 a STnall propoTtion of ils
incomc to mdkL grants. A small number of gTrnLs arc ]nadt trach ytrdr. in aLX7)rdancc with (he objccts of thc irust. The Iru%iLes
will LO￿%7dLr rLqI￿￿lS for grants by I￿J1vidual$ OT organi5aliorLS th￿ have the same objects &$ ihe TnJsL and which complem¢ni
IhL %¥rvi¥L% t)IlirLd bj IhL Iru%t.
MajLir ris
'lTh¢ Iru%tc&4 have IhL major risks 10 which Ihe church is ex]x)5d. and are satisfied that systems in placc to mitigate
ex￿SUre to the major T15k5.
Strutturei govtrn#ntt Ind minagement
Thc church w&8 estsblished by a charilabl¢ tr￿%[ deeil on 10 Febrwy 21MJ3.
'I'hc tru51¢¢s who S¢Tvcd during ih¥ ytrdr and up 10 th¢ date ors1gr￿tur¢ of the finan¢io1 stsi¢m¢nLs we]t:
11.W. S()u%*r
N."r. Wtst
G. Smith
O. ()noh
M. Ili)nd
A. C liirke

NEW LIFE CHURCH (NORTH LONDON)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Recruiimenl onduppoinlmenl ofiruslees
A% p￿tI ol. Ihc Risk Asscssmcni Annual Rcvicw. Ihc TnLSittS ￿nSIder iftheTe are Su￿le1cnt Trusices for thc work of thi Trusi
and if IhL necds ol. Ihc Trust maich ihc skill Profile of the currcni Trusiees. Ifihc I"rusiecs feel Ihe nced to appoinl addiliunal
Tru%t¢c% thL'll ihL pri)Lts% of seeking additional Tr￿sIc&S 15 Comrnet￿£%l. ThtTL aTe additional r¢%)sons why this proc£ss may
slartcd.. il. thi numlx'r ofTnL%lccs falls I￿.[OW a workable l¢v¢l, or if Trusius kbL¥)me aware. ai any lime Ihai the 'lrust ]%
lacking 50tnconL with skills nol r¢pre5¢nl¢d wnongst thc CU￿¢￿1 TnLEI¢o.
Onie the 'lru%t¢c% T￿ognIse the de5irabilily lo seek one or mor¢ addiiional I rusltt5. then a procedure is initiated whtrL' Ihc
ChurLh riders work in concert wilh Ihc TrustcLs lo seek 10 recruii aNJ aP￿in1 a suitable personlsl. The Iruslccs fir41 conduii a
%kill tiudil ol. Ihe range of skills present amongsi Ihc ellrrcnt Tnjsiccs 10 idcniify wheTC dcsirdblc skills may noi bc currently
prL%cnt. ThL TrusiLL% algo totkluLI a divLrsily and rtprtsenthiion an￿YSiS ￿ &8Stss ￿ whai cxtent Ihe currcni Trustees rcflect
the diver%ity pr(SLnl within Ihc ChU￿h. A combinalion of tho%c Iwo drivcrs will 10 o profile which is io &ssisi in ihe search
ror %uilablc ncw Tru%tLT&
Unce a suitable candidate lor candida*51 ha5 been idcniified. th¢y are asked ifth¢y would consider becotning a Tru%tee. during
which proccss the Resronsibililies and Duties of a-frusiee arc explain¢d. togcther with an explanation of the'l ru81 D¢Ld and a
opportunity to read ihe minuies ofrecet)I Injsi mttiings. Dependingon Ihc experience of the candidate th¢y rnay be offcrcd the
opportunily 10 sil in on somc Trusi mcciings or 10 atiend as an obscryer for a period before (h¢y are ablc to makc a d¢ci%ion.
WhLn ti LthdidaiL accepts IhL invilttlion ofbccoming a Trusice. Ihcy arc apr￿)In1￿ in wriiing 10 SeTVC for thc period specificd in
the I'ru%t DLLd. 'fhe procL*% of irtduciion is iailortd 10 the P[evi0￿% exwence of the ncw Tntsie£ as is the training of new
Tru4lcc%. Rradin8 will rccotnrncndcd and suitabl¢ courscs row￿.
Currently thc tnakc-up of thc Irus¢e¢5 i% wnsidcral 5atisfaclory.
OrATufifs(IliL>n¢41sirueiiire
'I'hc tru51ces rnect regularly and oversee the dI￿tiOn and manag¢ the running rhurrh.
'lThe Irii%tee%' re￿￿rt was approved by the B(wd ofTru51ffs.
R.W. SDu%ILr
Trvstee
l)ate:

NEW LIFE CHURCH (INORTH LONDON)
INDEPENDENT F.XAMINER'S REPORT
TO THE TRUSTEES OF NEW LIFE CHURCH INORTH LONDON)
I rcwrt lo Ihc ITU%tccs on my cxamination of the fi[)￿¢13] St￿eMents ofNew Life Church (North IA)ndonl Ithe church} for the
year Lnded 31 March 2024.
Rosponsibilities #thd b*si5 of rnport
As IhL Irusiccs ol- thc Lhurch you are T￿r￿msIble for the preparntion of the financial sthiemctjts in accordanc¢ with th¢
rLNuifL'mLnis ol'ihe Charities Act 2011.
I retN)rt in Tc8￿¢1 of my ¢xamination of church's fi￿￿¢la1 ￿￿emenL8 &qrried out Und￿ section 145 of the Ch￿IlLs Act
2011. In carrying out tny cxatninaiion I have follow¢d Ihc Dirtttions given by thc Chariiy Commission under se£tioD 145151(b)
ofihc Lhariiies Act 201
Indepe￿dent ex*miner's ststemeni
Your iltluniion is drnwn lo thc lact that the charity h&5 Frtwred the financial %(aitmcnts in accordance with the relevant ver%ion
ol- IhL Sialcmcni of Rcoirnmcndcd Praclicc applicablc lo chari¢i&E prqiaring thciT fIn￿ela1 staiements in accordance with thc
rin1￿LIa[ Rcrorting Standard applicable in the UK and Republic of IrelwKi IfRS 102} in PTLfLrenee to ihe Accounting and
Reporiing by Chariiies.. Siaicment of Recommended Practice i&Eucd on l April 21>05 whiLh is ￿[Cr[ed io in Ihc CKtanl
rLgulaiions bui h&q now tr￿¢n withdrawn. l undersLqfbd lh& thi5 has been dorr in ordcr for financial stst¢m¢nts 10 provide a
IruL' and l&ir view in accordanLe with UK Gcnerally Aeccpicd Accounting Practice.
I havc complcted rny exaTnination. l ￿)nfIrM that mau¢rs havc come ￿ my ￿tenti0ft in connection wilh the exatninatiort
giving me causc lo believe that in any material ￿￿T￿rI=
accounting rccord% W¢￿ noi k¢pl in rtswci chutch &% ￿￿lTed by section 130 ofthe Charities Act 2011.
IhL financial staicmcnis do noi accord with those records.. OT
Ihc linancial sialemenls do not comply with the applirnble rqUIr￿Cnts' Lonceming the fojyn and conient of financial
staicmcnis sci out in ihe Charilies IAccounts and R¢w)rtsl Regulations 2￿8 other ih3n any rrquiment that Ihc financial
%taiLmLni% givc a Irue and lair view. which is rM>I a matlcr con5ider¢d as pan of an indqKnd¢nl cxatninatign.
I have no conc¢rn5 havc rom¢ acro%% no oihcr mailers in conneciton wilh the examlnalion lo which attention Should
drnwn in thi5 report in ordcr to enabl¢ a prgtv und¢￿L￿dIng financial s[￿ements 10 be reached.
HB Attoiintxnts
281)lumpton I louse
l)lutnplon Road
Fl()ddL%dun
l.lertlord4hirc
t)ai¢'.

NEW LIFE CHURCH (NORTH LOIYDON)
STATEMF.NT OF FINANCIALACTIVITIES
INCLUDING INCOMEAND EXPENDITURE ACCOUNT
FOR THE YEAR EJVDED 31 MARCH 2024
Uthrtstritttd
funds
2024
Restricted
funds
2024
Total Unrestricted
funds
2023
Rtstrieted
funds
2023
Tot81
2024
2023
Note5
Incomt from:
l)onillions and ILgacie5
Charilablc activiti¢5
InvcslmcnLs
13R,R69
18,618
802
29.084
167.953
18.618
802
218.610
12.677
342
19,040
237.650
12.677
342
Tot*1 ithtomt
158,289
29.084
187.373
231,629
19,040
250,669
"xpenditure on..
ChJriiablL &liviiies
164,167
30.402
194.569
l(pl,386
13,744
178,130
Total expendi¢urt
164.167
30.402
194,569
164.386
13,744
178,130
Ntt ithtomelltxpend1tu￿I Ind
movemcnt in funds
15,8781
IlJ18)
{7.196}
67.243
5,296
72.539
Reconciligtion of funds..
FutKi bttlancL￿ at l April 2023
2.717.396
18.908
2.736J(M
2.650.153
13.612
2,663.765
Fund balances at 31 M¥reh 2024
2,711.518
17.5
2.729.108
2.717.396
18.908
2,7.76.304
'IhL slalcmcnt or rinanci31 artiyilits includts all gains and 1055es recogni5￿ in the ytw. All in¢om¢ and ¢xptndilure derive
Irom continuing &ctiYitic&

NEW LIFE CHURCH (NORTH LONDON)
BALANCE SHEET
ASA TJI MARCH 2024
2024
2023
Note5
Fixt(l #ssels
-langible assets
12
2,5U9.811
2,505.092
Current Assets
l)cbiors
Cash al bank aTrd in hand
80.250
144.320
51,310
189.582
224.570
240,892
Creditors.. amounts falling due within one
yeAr
14
15.2731
19,6801
N¢t currLllt
219.297
231.212
Tot41 *sstts less current lilbilities
2.729.108
2,736,304
Ineome funds
16
17.590
2.711.518
18,908
2.717,396
UnTL%lri¥%id funds
2.729.108
2.736.304
'lthc iicLounis w¢rL approvcd by the Tnjsteeson...........
11.W. Suu5tcr
Trustee

NEW LIFE CHURCH (NORTH LONDON)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Attounting policies
Charity information
NL'IV Lili Church INorth tA>ndonl is a TnLSL
1.1 Aecounttng convtntioD
'I'hL aLiu)unl% hdvL' k'L'n prLP2rL'd in aLtXlTdancc with the ch￿r¢h'S (ntsi dccd. the Chariiics Aa 2011 and"Accounting and
Ritx)ning hy Charilics.. Sialcmcnl of Rccommcndd Prnctitt applicable io charitics prcparing their account% i
accordance with the fina￿la1 R¢FK)rting %tsndard applicthlc in ihe IJK RcpubliL of Irtland (FR$ 1021" las aiiicnded
lor accounting peTiods comrncncing from l Janwy 20161. The churth is a Publir Bcn¢fit Eniity as defJn¢d by l--RS 102.
ThL church has taken advanthge of the provisions in the SORP for chaTitie5 applying l.'tts 102 Utthte Rullctin I nol 10
prL'P(IrL d Siiiiemeni of Cash l.'lows.
I'hL finunLia] stslLrnl￿ts havL' dLPJrtL￿ from thL Charilits {AcLM)unts and RcrK)rts} Rcgulations 2wg only lo thc ¢xl¢nt
required to PTovidc 3 Iruc and fair vicw. This dcparturc involvLxI followinE the Siaicmcni of Rcc4)mmcnded l)rnctice
ror charli1c.￿ applying l.'R% 102 rather than thc vcrsion of the 8￿Cment of Recommended l¥aaicc whieh is referred to in
thc Rcgulations bul which ha5 since been wiihdrdwn.
ThL finanLial StslLmcnis are prepared in ￿er]in& which is ihe funclional currery of Ihc church. Monctary Omourt￿ in
Ih¢%c fin￿¢]￿1 slJltmenis are rounded (o the nL<Ye￿ £.
'I'hc financial ElatetnenL% havc prq>wd under the hisioritsl LM)Si LM)nveniioJL The principal accounting policies
adopted are %¢t out bclow.
1.2 Going tontern
Al ihL limc ol-approving th¢ financial %lalctn¢nL% th¢ tn￿le￿￿ havL a r￿)￿n￿b]e ext￿latiOn Ihai the church has adequate
r&wurce% lo continue in 0￿rational exist¢r￿c for t1￿ foTcsceablc fulur¢. Thus thL trusic*s LM)niinue 10 adopt ihe going
conccrn b&8is of accounting in preparing the financial Etaletn¢nL%.
1.3 Chfirtt*ble funds
Unrc51ricted lunds arc available for ￿ at th¢ di5cr¢tion of th¢ trusiees in further3t￿e of their charitsble objcctives.
Re51ricl¢d fund4 ar¢ subj¢cl lo sJKcific conditions by th)nors or grdniors (o how thcy may k uscd. Thc purp05e5 and
uscs ol-the rc5tricled funds aTe sct out in thc nots lo Iht financial sthiements.
r.Ddowtnent fund% arc %uhje¢i io %pe¢ific L¥)ndiliorL8 by doTh)rs Eh￿ L¥PiLg1 must main(ained by thc church.
1.4 Inr(kming resources
Intyotnl 1% N¢Dgni%Ld when Ihe ¢hurch is legally eniiiled 10 it after any perforniance conditions have tllCL the
amounts can be tn¢a5UT¢d Teliably. and il is probable th￿ income will ￿ reeeivcd.
Cash donation5 ar¢ rcu)gni*d on r¥ttipL Othcr dot)aiions are recognised once the church has Eccn notificd of ih
donation. unlc5s performance conditions rwuirL' defeTra] ofthe amouni. Irthme re£overablc in rclation to donation
reLcivLd under (itfl Aid is rccognised al Ihc litn¢ ofthc (k)naiion.
l.$ Resoiir¢es expended
1..x￿n.￿.% arL' includcd in the financial stslcmcnL% as Ihcy 1￿COme due. EXI￿r￿tt includc VAT where applicable a5 the
company cannot rcclaim it.

NEW LIFE CHURCH (NORTH LONDON)
NOTF.S TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Attounting policies l¢ontinuedl
1.6 T#thEible rtxed Assets
-lÉiiigiblL lix¢d 4?ssei% are iniiially measured ￿ cost and sulksqucntly m¢asured ￿ ￿s1 or valuaiion. nel of d¢pr¢Giolion
and any imroinneni los
DeprLLiaiion is recognised so as to write off the co* or v￿Vation of assets less iheir rcsidua] valucs over Iheir wseful
livLs on IhL following bases..
LIL nd and buildings
MansL CqUiPTD¢nl
chU￿h LquiptnLni
33•A r￿j￿ing balance
33Vo rcductng balance
ThL gdin or loss artsing on t￿ dis￿$al of an assd is ddermined the diff¢rcn(r b¢IWt￿ the sale proccd5 and the
arryinu valuL ofihL &%SLL and is rewgniscd in ihc staiement orrinancial activitie5.
1.7 Imp*iment of fixed ssstts
Ai LJLh rLryx)rting end dale. the church TeYicwE thc wrying amounts of its iangible assets io detemiine whether thcrL' 1%
any indicaiion Ihai ihosc assets have suffered an impaiTtncnt 10&s. Ifany such indicaiion exisL8. Ihc reLU)vwable arnounl or
IhL L%SCI is Lstimaied in order io dfflem)ine ik cxient of thc itnpairtn¢nl lo&% lifarty).
1.8 C*sh ¢Ash tquivAltn15
Ciish aiid cash cquivalcnts include cash in hand. dep)sits held ￿ call with banks. oiher short-lemi liquid inv(simcnis
with original maiuriiies of Ihrtr month5 or and iwth oveJdrafts. Bank overdrdtL8 are shown within trf)rrowin¥s in
1.9 Finaneigt instrunjents
'FhL Lhurch haq LILYtcd io apply the provt5iolls of Section I I 'B&4it Fir￿n¢la[ Insiruments. and Se￿10n 12 '(hh¢r
inancial Instrumcnis Issucs. ofJ.'RS 102 10 all ofits finwjcial in51WTn¢nts.
riDanrial in%trutncnt5 aTL' retognised in Ihe church's balance sh¢¢t wheD the churth Iw)mc5 Party io thc contractual
provisionE of thc instrutnLnL
I,tnancial assets and liabilitieE ar¢ otT.se( with amounts PTescnied in the fir￿¢1￿] statemcnts. whLn Iherc is a
ILgally enlorccablc right lo scl off ihc rw>gniscd amounts and Ihcrc is an inienlion lo sctilc on a basis OT tu rtalise
IhL assLi and seiile Ihc liability sirnulthnu)u51y.
Rn.¥Ec
B￿lL linanLial &%gLl%. which include dcbioTr and rn%h and bank b￿ant£s. arc initially measured ai iransadion prico
including IrJn%tiLlii>n costs and arc subscqucnily carricd al atnortiE¢d cos1 using the etTeciivL inicrtsi mcihod unlcss thc
arrangLtnLnt rDtkslilulC¥ a financing iran&%iion. where the tT￿n￿lOn is t￿￿￿ur￿l ￿ the PTeseni valuL ol. the fulurc
receipts discounlcd al a markei rate of inieresi. 1.inar￿1al assets cl&ssifi¢d as reccivablc wiihin onL ycar are not
amortised.

NEW LIFE CHURCH (NORTH LONDON)
NOTFS TO THE FINANCIAL STATF.MENTS (CONTINUF.D)
FOR THE YEAR ENDED 31 MARCH 2024
Attounting policies (continued)
Btss1c[itt&ncialli￿b1lI1leS
Il*%ib IITiancial liabililiLS. including crediiots and bank loans are iniiially rccognised at transaclion price uDl¢88 thL
arrangLmLni consiiiiitts a linancing iyansathion. w￿ye ihc insirumcni is measured ai the Present valuc of Ihc future
payments discounicd ai a markei raie of inteTesi. financial liabilities c1&8sified as payablc wiihin one year arc not
amortised.
t)L'bi in%trutn¢nlx ar¢ %ub%¢yu¢nily carricd at ￿￿OrtiSed using thc cff¢rlivc inl¢rcsi rni¢ mLth()d.
'lindc crcditor5 arc obligalions to pay for giK>ds or services that have been acquird in the OTditwy coursc ofotLralions
Irom suppliers. Amounts payable arc classified &8 eurreni liabiliiies if payment is due within one year or I￿5. If rK)I, thcy
arL prcsLniLd &8 Mn-currcnt liabtlilits. Tradc creditors are rceogniscd iniiially ai Iransaaion pricc and subscqucntly
mL&surcd ai amonised cost using effttiiye inieresi methl.
DerecoxnilioK offi￿0￿Cl&ll￿￿b￿I1l1eS
FindnLidl liabili11￿ arc dereLxignisLxi when ehurch's LY>nirac14Ja] obligations expire orarc discharged or cancelled.
1.10 Emi>loyee benefit5
I'hL (x>sI ol.￿Y unusLd holiday tntiilemeni is rt*08niscd in thc in which the employec's serviccs are received.
Tirtninatiun tK'ntfils aTL' rtci)gnised imtncdiatLly as an eX￿nSe when the churth is demonstrably LM)mMit1￿ io Icrminate
thc Lrnplc)ymLnt of an employee or lo provid¢ Itrmitialion ￿nefIts.
1.1 l Retr￿ment benefits
l>aymt'nt% lo dcfiDLd wnlri1￿¢i0￿ retirement ￿nefIt Echctn¢5 arc rhargcd as an eX￿D￿c they fall duc.
Criti¢*l A¢¢outJting tstimates *nd judgtmtnts
In IhL appliLation tsf IhL church's ￿la)untIng rx)licies ihe Irusiets arc required (o makc judgcmcnts, cslimaies and
&ssutnptiun% thc carrying amoutil Of and liabilitits lh￿ art tK>I Te*lily appareni f]Y)m uihcr sources. 'Ihe
cstiTnatLS and a%%nriatcd &kSUTnplion% arc hisiorid eX￿[let￿ and othLY fac￿ts ihai &rL' considcrcd lo E¢
relLvunt. Actual r&sulL% may (lilTer from ih¢>c csts]niilcs.
'I'he estimates and underlying assumptions aTe reviewed on ongoing basi5. Revisions to accounting c%titnattt are
reLognisL￿ in thc pcriod in which th¢ csiimaic is rcviscd where ihe revision affects only th￿ ￿Tiod, or in thc period or
IhL revision and future wriods WI￿re thc revision affects h>ih current and fuiure wiods.
In¢om¢ i1onall￿n8 and leg¥ci
Unrtstricttd
funds
2024
Restricted
fund5
2024
Totxl Unrestricted
funds
2023
Rtstricttd
runds
2023
Totsl
2024
2023
Donations and git18
(jill Aid
Other gifL%
116.094
22.775
25.427
3.657
141.521
20,432
145.980
22,030
50,(MM)
16,785
2,255
162.765
24,885
50,000
138.869
29.084
167.953
218,610
19.040
237,C)S0
10-

NEW LIFE CHURCH (NORTH LONDON)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YE4R ENDED 31 MARCH 2024
Ch4ritAble activilies
2024
2023
Children and yuuth eYLnts and aciivilics
Renis reecived
3,853
14.765
5,139
7.538
18.618
12,677
IDve4tmonts
2024
2023
Interest receivable
802
342

NEW LIFE CHURCH (NORTH LONDON)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
xpenditure ch8ritable activities
2024
2023
Siall'costS
l)cprcciation JrHt impairtn¢nl
l.ight, h¢iil and WalLr
RLpaits and r¢n¢wals
Caicring and events
Printing. sialionery and telephone
84.585
4,832
6,799
18.130
2.744
1,224
6,403
2,458
74.067
3.160
5.941
28,755
4.425
5,785
Slornge
Children and youth
Training
Ou(r￿h
Wehsite and compuȢr cxtrnxs
CAP dL'bi LLnirL Luniribulion
Siindry LxrLnses
Legal and protessional fee5
Clcaning
2,496
16.640
705
7.963
5.495
19.753
3.240
9.972
2.701
1,800
1.957
3,893
3.840
2,834
171.699
167.126
Groni funding ofadiyilics Is¢¢ noi¢ 7)
19.630
Share of support and governgnc¢ costs Is¢¢ not¢ 81
Govem?nrc
3,240
2,400
194,569
178,130
Analysis by fund
lJnrL'4lriLtLYI lund%
Resirieied funds
164.167
30.402
164.386
13.744
194.$69
17A.Iln
12-

NEW LIFE CHURCH (NORTH LONDON)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
GvAnts pAyable
2024
2023
Gtani8 10 insi11￿lOn$'.
Qiood Ncws C.ru.sadc
iTOVC
Pulish LighthousL.' Ukraine
240
240
500
5,900
240
6,640
Grants io individuals
19.390
1,964
19,630
8.604
Support costs
Support Costs Govtrn#ntt
2024
2023 B8si5 of alloc•tion
Accouniancy
3.240
3240
2.4(M> &)vcrnance
3.240
3240
Analy%Ld k'iwLL'n
Charilablc activitie5
3240
3.240
Trustee5
Onc of ihc IrusiLfS, N.T. WCSL receiv￿ ￿mUnerali0￿ during YLYT of£39.562 (2023.. £41.2321.
No L￿PenseS werL' paid io Injslecs in knth this year and lasl year.
13-

NEW LIFE CHURCH (NORTH LONDON)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR EJVDED 31 MARCH 2024
10 Ernploytes
Number of employee5
'I'hL £ivLfJ8L' tnunihly numk'rofLmployccs during thc ycar w&¥=
2024
Number
2023
Number
ChildrL'nlyouth workers
0￿ratIOnS and admin
Community group5 5LlPW)rt
Employment Costs
2024
2023
WabYL'% and salktri
Social %Lcuriiy cosis
Other pcn5ion c05L
83283
138
1.164
72.389
357
84,585
74,067
Thir¢ WLrc rK) tmployces whosc annual TeMu￿ratIOn wa5 £60.000 or mor¢
TAxalio
The charity is exempt from laxation on IL% artiviti¢s all IL8 ift￿Hne is applied for charitable purrK>Ks.
12 Tangiblt fixed assets
Ch￿r¢I
Tot*1
¢qwiprn¢nf
Cost
2,5(MJ.(MM)
2.514.166
9.551
Additigns
4.416
5,135
Ai 31 March 2024
2.5(M).I
4.416
19.301
2,523.717
Deprttiation impairment
Ai l April 2021
tk'priLiation ¢harged in ihc year
9.074
3.374
9,074
4.832
1.458
At 31 March 2024
1,458
12.448
13.906
Carrying amount
At 31 Marrh 2024
2.51X>.000
2,958
6,853
2,509,811
At 31 March 2023
2.5￿.000
5.092
2.505,092
14-

NEW LIFE CHURCH (NORTH LONDON)
NOTFS T() THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13 Debttsr¥
2024
2023
Amount5 falling due within one year.
OihLr dLbiors
PrLpaymcnLs and accrued incorne
71.673
8,577
45,181
6.129
80.250
51,310
14 Creditors: arnoynts falling due within one year
2024
2023
Othcr l&Yalion lwd wial ￿CUritY
OthLr LrLdiiors
Accruals and deferred income
1.927
257
3,089
1.484
240
7.956
5,273
9.680
15 Retirement benefit schemes
2024
2023
Defined contribution $rh¢mes
ch￿￿¢ 10 prolii or loss in respeci ofdefined ￿>ntributIOn scheme5
lJ21
The church orthies a defined coniribthion [￿slon scheme for all qualifying employ¢es. 'lThe assets of thc %hcTDC
hLld ￿Lp￿al￿[Y from those of ihe chuieh in an Inde￿n￿nI]Y *lministrred r￿d.
16
Restricted fund5
ThL fLgiricthd funds of IhL chariiy comprise ￿r￿xt￿ndCd balanccs of th>natiorL8 and grdnts h¢ld on trust subject lo
spcLific conditions bv (k)nO￿ 10 IK>w they may ￿￿.
At I ,Ipril 2023
Rcsourcc5
eipend¢d
2024
OvLr%L"ds mi%%iuns
ChildrLn and youth
I lardship lund
OthcT gi115
1.3J3
17.575
1.340
8.175
18.569
12.0851
(lo,￿2)
116.4151
(i.Ix)01
588
14.848
2,154
18.908
29.084
{3(>,4021
17.590
15-

INEW LIFE CHURCH (NORTH LONDON)
NOTES TO THF. FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16
Restri¢tod funds Ittsthtinuedl
Previous year:
At l April 2022
Incoming
Iysourees
Rcsowr¢¢s At 31 Mirch
expeDded
2023
OYLrseas missions
Child￿￿ and youth
Othir gTIIs'
2.823
10.245
544
4,41U
14.630
15,9W)
17.3<11)
15441
1,333
17,575
13.612
19.040
{13,744)
18,908
17 An*lysis of ntt *&sets between fund$
Unttstritted
funds
Rtstricttd
funds
2024
Total Upre51ri¢l¢d
funds
2023
RL%trided
Total
2024
2024
2023
2023
Fund bL?lances at JI MaTch
2024 arL rLprcscni¢d by=
Tangible assets
Currcnt asse￿IlIabilIties)
2.509.811
205,898
2.509,811
219,297
2.505.092
212,304
2.505.092
231212
iJ.JyJ
18.908
2,715.709
13.399
2.729.108
2.717.396
111,908 2.736,304
18 Related pwrty trwnsactititts
During ihL yLar (he Church paid J.L. W￿L wif¢ of ont ofthe irusieffj N.T. W￿( a salary of £9.4W (2023.. £8.962} in
r￿%￿LI of dutlLS PLrfornie<L
16-