2025-03-31-accounts

Charity Tegi5tTatiop llumber 1097140 IEnglind ￿nd W￿￿$) NEW LIFE CHURCH (NORTH LONDON) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

NEW LIFE CHURCH (NORTH LONDON) LEGAL AND ADMINISTRATIVE INFORMATION Trustees R.W. Souster N.T. West O. 0￿h M. Bond A. Clarke S.A. Miller {AprM)inied 8 April 2025) Cbrity numberlEngland Wksl 1097140 Prin¢ip41 *ddrtss 1914alion Close ndorl NII 3HQ Indeptndtnt examiner FIB AccOL￿tants 28 Plumpton Ho Pl￿MMOn Road Hoddethn HertfoTdshire ENII OLB Bankers HSBC plc 101-103 Ststion Road Edgwa MiddlL%ex HA8 7JJ Solicito Pearce Legaj 2 The Square &>lihull B913RB

NEW LIFE CHURCH (NORTH LONDON) CONTENTS Page Trust¢¢s' rpJrt Ind¢p¢ndent examinerfs T¢W>rt Siaiemenl orrinancial activÉtie5 Balan¢¢ St￿et Notes io the financial sialemeThts 8- 15

NEW LIFE CHURCH (NORTH LONDON) TRUSTEES, REPORT FOR THE FEAR ENDED 31 MARCH 2025 The tru5t¢¢5 present their anmol rep)n and fIna￿cial Stat¢￿ents for th¢ yw CWKkd 31 2025. The accounts have been prepared ID a￿)rda￿e wilh ihe accounting tx)licies sa ou¢ in no I tts thL accounts and comply with th¢ ch￿￿(Y,S trust opplicable law 4t￿ the Terting by Charities" IS5￿￿d in March 2005. lTh¢ Irusiees hav¢ had due regard io guida[￿¢ published by the Charity Co]nmission on public knefiL Objective5 and divities The objeLls are.. l. 'lThe advanccment of the Christian faith a[￿ the wotship of (t(Kl in the U.K. and elsewhere by any wknisoever, including Ibui not by way of limiiaiion} the preaching and proclamation of the Chrisii8n gosttl, the teaching of Chrisiian doctrine arKI principles. the p3510fdl eare of Christian ￿>PIL and ihe prinling AtHI disiribuiion of th¢ BiblL and Chrislian liierature. including video and audio recordings or electronic￿lY and by any other media which is or may IKcome available. 2. The r¢li¢f of p¢rsuns in ronditions ofnerf hardship or dis￿￿5. or who ar¢ aged or sick 3. The advancern¢ni of Lducaiion on the ba%is of Christian principles a￿1. without prejudice io the generality ofthe foregoing, the provision of suth educ￿lOn in any ducaiiona] estsblishmeni and. if ￿ Injstees 50 decide. Ihc provision of onc or more hariiable educational e51ablishmeThts for the 8enerdl edueaiion of children or lults on the basis of such Christian PTinciples. New Life chU￿h (Nonh tA)ndon} Trustees {Ihe Trustees), ttsgether with the Eldw5. aie LM)mmitted to enabling as nJany twple as rossible io worship ai the Church servicts and partici￿¢ in the life of Ihe Church. thrvugh aiiending servi¢cs in person Ihrough listening to the ieachittg and downloading the icaching on the Church M'ebsitL. Wc aciively s¢¢k io involv¢ a5 any ￿ possiblu in b¢rotninE part of our Church community through advertlsing and the protnolion of the CThuTch scrvices in the local communiry and iyon(i by using th¢ int¢rneL P￿blAC bgnefii The Irust¢¢s have paid due regaTd kn ElILda￿e i55ued by the Charity Comtnissioth ith (kciding what activities tht church 51H>llld undertake. Achi¢vemtnts Ind perform￿￿te Significarti uciiviiies ÉTndachiev¢menis ag¢7[￿1 objÉ¢iives The church has continued 10 operat¢ as-Tht Church in Bas5¢tt StTed- wilh Sunday tneeiings held & the buildTnE at 21 Ba5s¢tt StTeel. NW5 4PG. This coniinued to provide a spccsfic geographica] locus io the church's oulrcach. Church tnLClings have been held at I0..￿Am and 12..IKJPM Vdch Sunday excepi during sotne holiday perii>ds where a 5inxle I i..fxiAM sLrvice has been held. Dutirtg Ihe fiTsI tn¢eling classes ￿¢ held for pre-school and PriTllary school aged children. In ihe Second service classes ar¢ held for secondary and Sixth fomi age yOUDg ￿pIc. This has iw netessary due ￿ the liJnited spacc for classes in Ihc building at Ba55eti Sircci. W¢ Lonlinue io enjoy being part of the Relation￿ Mission {RNfj fatnily of churches. Over the ycar the manse at 70 Mald¢D Road, which is owned by th¢ TTUSI. h&s continu¢d iv k. leased 10 RM lo provide a Lon&)n hoTn¢ for Mikc and SUL Beiis and thu5 5UPPOrt their work and help them hjild on their T¢l&ionships with other church le&lers and influ¢ncets in the capita]. During the year Gavin Smith Step￿ doiyn as a Trnsiee. Gavin h&% L￿en a In￿te¢ 5incc the Fcbru8ry 2008 and his wisdom and input. LSPLYiall>' on matter5 Telaiing 10 knf¢guaTding haNe inva]uable. Recruitment of a ncw Trusiee ￿'1th S8fcguardin8 ¢xperienLL 10 rcplacc Gavin i5 undcrni'a>'. As ai ihe )ear cnd. a new p)tenlial IrusieL, ShamJl¢a MilleT who ivorkE in cducation, has been attending meeiin&s as an observer while 5h¢ considers b￿0￿1ng3Tr￿11L￿'. Ffror5hip ThL Suniiay meetings continue 10 gaiheriry foT the wlK>lc church. I￿h]ng L%)ntinucs to be recorded and is awailablL l() do%snload after the tllLlings lor ihose w"IM) ma), ha%'e mis%ed ihe ILaLhing or wish io lislLR dgain. '¢ continue ¢0 seLk io ￿ach the public in Nonh Ixkndon and be>'orKi ihmugh adiertising on the internet using GvoglLAds %¥hich has proked an etliLliYc way of rtaching a ivide cr05% 5eclion ofreople. We hale tslso lound Ihai th¢ use ofFacebo()k and Insiagram has been ell¢rtiYL' in rcaching pwplL are not curreTril)' part or Iht Ch￿￿h. The old Ncw Life Church w"¢b￿lIL onlinll￿ lu bL mainiaintd but ￿lth links kn ihe Sireei website.

NEW LIFE CHURCH (NORTH LONDON) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Tel￿hl￿g During the SuDda>' tneetings we have a ChTiSiian I￿hIng minisiry for ihose presenL Thi5 xhing is also availahle lor pcople trom acros5 the Morld who visit the Church website io lisien io the i&)chingor access ihe resources posted there. In thi5 way ihc minisiry ofihe C.'hurch is ¢xt¢nd¢d 19 3 muLh largeT audience. Teaching subjects covered during the year inclu(kd I￿kS alM)uI ￿[$0￿ artd minisiry of Jesus Christ. with a s¢ri¢s Ihert eommLncing in Seplemkr 2024 on the S¢rmon on the Mount and Wh￿ il is appreniices ofJesus. This series was loosely based on the tH)ok by John Mark Comer called-Prxticing the Way-. This series conlin￿d ￿yo￿l the year end. Pr(ryer Public PT8yeT meetings are an im￿rL￿nE part of Wh￿ we th. The p￿r[￿se of these pwer tneelings h&s been primarily to pray for the work of the Church. bul for North tA)ndon attd for willer issues alTecting ih¢ M'hole nation and Iyond. Prayer meetings lak¢ place weekly during iem14imc on T￿laY evenings and l.nday mornings as well a5 a pr¢-rDeeling prayer Isme on a Sunday morning. Wc have also conlinud kn meet tnonihly iyith other churches in the RM family io pray togfflher for the spreading of Ciud's kingdom across North Lonthn. 'fh¢s¢ prayer m¢etings have been under ihe bannet of'"London Calling,. a call to pray for London morc widely and th¢ gTOWth of the church in North LotMk>n in particular. P(uioral Core During the year oirntnunity gtoups have continued so that thos¢ who wish to can attcnd sJDall¢r group mecting5. Most of these groups focus on a g¢ographic31 atea of Lotkion. The children and youth are ca￿d for by the children's and youth workers in the age-srttific groups. Addition￿[y, we had smaller-Conn¢cl" group5 also ￿led Running Patthets- whcrL two or three members of the chuTGh rDuld meet more infornially for prdyer atMI encourJ8¢m¢nL hlission andFvangelism We encourage each Tnetnb¢r lo be involved in ￿rSOnal mission and evangelism. We have two youth group5, tsierirtg for diftcrcni ages. WLih the objeciiv¢ of iexhing the Chtislian MI￿age and prtseniing (he claims of Jesus Chri51 to young people in a way ihai is relevani io their intertsts and equipping thern 10 reach othets. W¢ wurk with artd sUp￿rt a local l.-o(yJbank proj￿¢ whith is run bj Revelatiort Church 8t￿ pn)vidcs ￿￿)d parcels for the K)r¢st rnemlrr5 of the lo(l eommunity. 'I'he Church 15 a150 a Jnefflkr ofthL Evangclicol Allianceof ChurclKs tn the U.K. Liiile GenLt This is a group esiab11shL￿ in January 2024 10 supw>rt parents with pre-s¢1￿[ children. The wiup meets weekly at 21 B¢iS5eti Sircd Dn a Thursd&y aItenM)on. This h&s tten a gT¢al op]K)rtunil)' ¢0 proi'ide a suptx)rt 5erviL io familiLS ufpTe-school children in the ar¢& As a r¢5uIt of this group a of new Ftople haTr¢ joined the church. Over the sumtner the 8TUllP had a very successful vi51t to Kew Gard¢ns. Parlner5hip wirh R1￿m& Faiih Church in Ndola. Zombi In June 2024 we again joined with oiher RM churche5 in sertding a ieam 10 Rhema F2tth Church in Ndol& Zambia to supwjrt young church IvadeTS in Iraining and mentoring. 'Ihis invol￿ed thr￿ of the BassL'lI SireLI ehurLh tnctnTr￿.[S {including Iwii trusl¢e51 going lo 7wnbia lu hLlp %%'iih iLwhing ai a conference. -lThis partrKr5hip a150 inliolved b¢ing involvcd in on-line training for Joung elders. The Chrislma% ottering for the church w&% LKd to stKbnsoT Ihrtt of the tn¢tnb¢rs c)r Ihc church community in Z￿bla through their l¢rti3ry edutaiio chri.Fria￿.fAsai￿￿I PÉwErty (CAP) &thlFoodBank 'I'he Trust continu¢5 to SUP5M)rt ihe work- ofc"AP in Camden by sw)nsoring a pari-litne W0￿er foT ihe chartty. A fem, memkrs of the church also volunteer is'ith CAP. A feiTr ￿p]e ha%"L 8iiended church ei'¢Trty including Alpha and a Corntnunity Cjroup from CAP. The church also pro¥idLS volunt¢¢r5 WIN) work with li￿ l(M)dbank. Tr(7iPlinX In Sepicmber 2024 the ITUSt 5UPP)rtLd a studeni member of Ihe church in Int¢nlioDal Discipleship IIDI cours¢ where a young person Morks %￿lIh a chiirch comrllunit) fi)r a YLW and rLYLl1L￿ Iraining from RN10I'er )'ear.'I"hc trainee supporiLd ovcr the )'ear ilas a )oung 1som2n iaking a gap )ear fTQtn further siudiLs. Shc has proiidcd ii'ith a mcnior bj ihi church has helpLd iviih m¢dio, the l.iltlL (iLms group and l.o(MJbank' as i%"ell other acti￿lliS in thL ChurLh. 'I'he-I ru51 has coniinutd 10 5UPP)rt ￿Lm￿r5 ofihe church ihrough (he l.l-.Al) c.ourse which 15 Tun bj R¢Tr¢lalion C hurcli (also part of Ihe RM tamily}.'I'he course is dLThignLid tts tguip IhosL aticnding for leadership [￿ljuSt in the church bul in work and ihe wider LY)mmunily. During 2024125 more than 10 of ihe church LM)mmunity aiiende41 ihc Course.

NEW LIFE CHURCH (NORTH LONDON) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 A£4RCH 2025 Man¥e andB￿eme￿l l.lth th 70 Malden Rty As llOlLd a￿ve. the Manse at 70 Malden Road continue5 to be l¢1 to RM at a heai'ily subsidi5¢d TenL This ha5 ¢nablcd RM 10 us¢ ihis Ès a home in tA>ndon for Mike and Suc Beus to suprN)rt their increasing work with other churche5 4t￿ leadLts in London. The ba5etneni flai is currcnily lei ￿ n¥0 memFts of th¢ on a rent lev¢1 is closer ￿ a market r¢nL Workn 10 21 Ba5seii.Sireel Works lo the building al 21 B￿ell StrLI have toThlinued ]# 24r25. These i￿l￿de repaits ]wfover ihe kitch¢n and hall and second flIK)r roorns. compldion of thc enty a[￿ 5ccurity system fmni of the IM]ilding. installation of a sknwer to the rear of th¢ building. ¢¥temal WiDdow arml d(K)r repair5. FurthLY work is require4 and this is Cyr￿n¢1Y ￿]dgeted for with r¢5¢rv&s set a5t(k for ihi5. Thes¢ include cotnplelion ofrepairs 10 Tuofs. insiallation of s¢conOary glazing lo front ¢l¢vation ¢xl¢mal win(bw5, Inst￿latIOn of S￿Ondary gla7_in8 to internal windtsws 10 improve firL rating and sound insulaiÉon. removal of 5tag¢ in th¢ main hall to create a more fl¢xiblL MeL￿ing spa¢e. Sorne cra¢king ha5 been ￿}led in the building and ￿5 cofflinues lo k pursued through insurers as this could be due to subsidcnce. FithathtR*l ttview Unrestricted giving inCra￿d by IOYO frutn £138,869 tv £152,890. ￿M)U8h rtstridcd Eiving fell from £29,084 ￿ £17,615. 'lotaJ income remain￿ broadly the 5aTn¢ at £189.240 ye￿U$ £1 $7,373. UnrestriL%ed Lxpensts increased 10 £180,928 from £164.167, the main change being TepaiT5 and r¢n¢wa15 which n)se by £17,954, I￿.In8 ungoing work in rLfurbishing Ihe prortrties. Rellrithed eXr£r￿ have de£reased from £30,402 to £19,654. I￿gelY due to hardship fund gifts being 1¢5 Overall. Ihcre was a nei deficit for the year of £l1.342 rofflparr£l with a defiril of £7.196 last year. Total funds at the year end arL' £2,717.766. The balanL% shed remains sirong with cash ai bank and in hand being £176,729 &8 corllpared with £144,320 1351 y¢ar. Thi% w&% laTgely due to a thrte year Fracklogofgift claims being submiiied in th¢ >'¢ar. Reservespoliry 11 Is the p)licy orth¢ church th￿ unr&s¢rict¢d funds whith have been dtsiwted for a specific use sLK>uld ￿ maintained at a ILVLI cquivalcnt to I￿1Ween ihree and six monih's ex￿ndIt￿re. Tr tTus1¢¢5 WtLsider that rrseTre5 al Ihis level will cnsure Ihat, in IhL' evLnt ol a significant drop in funding. Ih¢y will be able io continue ih¢ ch￿rch'S curT¢nt activities whil¢ wnsidLiaiion is gii'¢n to ivay5 in which addill0t￿l funds may be rdised. This level of reserves has been maintained throughout the >¢ar. Grttm Mtjking Pol The TTus1 ig primarily r￿USed on providing servicts in accordance with th¢ objects gfth¢ Tru5L It U5¢% a 5n]all prop)rtion of ils in¢otne t() make grants. A small n￿mi￿r ofgranis are made each ye￿, in accordance with th¢ objects of th¢ trust. ThL Irustecs will ￿nSIder requests for gran15 by itKiividuals OT organisations Ihai have the same objects as Ihe'lrust, and which cotnpleTneni the services ot]er¢d by the I￿￿t. Alajor risky The trusiccs havc asstssed the major risks to which the rhurch is exp)5ed. and are saiisfied thai sysiems are in place 10 mitigate Lxposure 10 the major risks. Structurej governance management 'I'he uhiirLh ¢8lahli8h¢d b) a Lh￿lIabIL InLSI dccd on 10 February 2(M)3.

NEW LIFE CHURCH (NORTH LONDON) TRUSTEES, REPORT (CONTINUF.D) FOR THE YEAR ENDED 31 MARCH 2025 The trustees who served duritt8 the yeaT and up tts the date ofsiwure ofthe financial $takments weTe: R.W. Sousier N.'f. West (i. Smith O. Onoh M. Bond A. Clarke S.A. Miller (R￿1B￿￿ 18 March 20251 {ApJx)inied 8 Aptil 2025) Recruiimeni andappoinlmeni ofiruslees As part of the Risk Aksesstnenl Anfftu￿ Re¥iew. the Ttusiees tonsithr ifthere ate sutTicienl Trust￿5 for the wotk of Ihc Trust and if the n¢¢ds of th¢ Trust tnatch th¢ skill profile of the current Tn￿lee& If the Truslees feel lh¢ n¢ed to apwint dddilional Trustee5, then th¢ pror¢ss of 5¢eking athjition￿ TnL%tees 15 CQtntn¢nced. Th¢r¢ ar additional r¢asotL5 M'hy thi5 prottss Tnay k. started.. if the number of 'lrusle¢5 fa115 b¢low ? workable l¢v¢l, or if the 'I￿￿te¢S b¢conTr¢ aware, at time that th¢ I rust is lacking someone with skills not repr¢s¢nied amon8St the current'lrustec5. Once Ihe Tr￿(ce8 rea)gnise the desirabtlity ￿ seek one or more ldiiiona] TrU￿e¢s. then a is initial&1 where ihe Church F.Iders work in toncert with the Trusiecs io scek io rccruii and aprK>ini a suitsblc ￿rSon(S). The TrusleL'S first conduct a Skill audit of the range of skills present amo]w51 the cutttni Tntsiees io identify whete desitble skills rnay nol l* currcnily pr¢5¢nl. The'fruslees also wnducl a div¢T5itj and repr￿nta1tOTr W￿lySiS to &SS¢S5 to what ¢xl¢nt the curreni Tru8lees Teflect the div¢r5tty' pr¢s¢nt within Church. A cotnbination of th¢s¢ two drii'eTS ￿.111 lead to a profile which is to assist in th¢ %arLh for suitable new Tnisiees. Once a slliiable candidate {or c8t)didates) h&8 been ideniifjed. t￿Y are &8ktsl iftW would LM)nsidet tw)ming a Trustee. during which PT£KYS5 the Respon5ibililie5 and Duiits ora TT￿ILL explai[￿ iugLttL'r with an explanaliun of the Trusi ])ttd and a opportunity to read th¢ miDul¢s of recent Trust Tllttting5. DepEnding th¢ eX￿rIen￿ of the candidate they may he offertd Ihc opp)rtunily lo sit in on sorn¢"Irust tneelings OT to attend as an obs¢ryer for a Frriod before they are able to mak¢ 3 deci%ion. When a c8ndidaie accepis the invilaiion of becoming a Trusiee, Ily are aptM)ifited in wriling to serve for Ihc ￿TIOd Specified in IhL Tnjst Dccd. ThL proctss of induction is Lqilored io th¢ previous exr¢rienc¢ of Ihe new TnL8ie£ as is Ihe training of new Trustees. Reading will bt recommended artd suitsble Courses found. As at the year end. with the r￿lgIuliOn of Gavin Smith ih¢T¢ is a n¢¢d io ron5id¢r apwkinting a nem. In￿1¢¢ with $afigu￿dIng cxperlise. This is already in hand with the iffltninenl apw)inlJneni of a Shamyl¢a Miller who works in education and ha8 Iraincd in SpcLial EduLaiional Needs. working with pupils exclwjed from main-stream sclK¥)Is. Utherwise. the current mak¢-UP oftrusiLLS js considLtL'd kLisfactory. Oryonisaii(Inal sirtsciure 'lTh¢ Iru51¢es meet r¢gularly arKi ov¢r5tt the diT￿tIOn aTKi ¥Datwg¢ the running of th¢ thurch. IrLislees' reJx)n was approved by the Board ofiruste¢5. R.W. Sousicr Trustte Date..

NEW LIFE CHURCH (NORTH LONDON) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW LIFE CHURCH (NORTH LONDON) I rep)rt io ihe irusttts on tny exam1r￿tIOn ofthe financial slattrn¢n¢s of New Life ChuTch (North knndon) (th¢ church) for the year endcd 31 March 2025. Re5ponsibilitie5 #Dd bsis of rtport As IhL Irusiees of th¢ church you are rfsrM>nsibl¢ for the pr￿r￿10￿ of the firwKial 5taletn¢nts in accordance wilh the requiTetnLnis of Ihc CharitiesAct 2011. rerort in reSt￿t of my examination of the thuTLh's financi￿ sthiemLIJts C8tticd oui under seeiion 145 of ihe Charitie5 Act 2011. In carrying out my exatninaiion I follom'ed the Ditecikons given by the Chatitj Commission under seLlion 14515llbl of the c.harities Act 2011. Independent txmikner'5 Stlttmtnt Your alteniion is drdwn to th¢ faci the charity has prq)ared the finanLial sLknents' in dccor(larte wilh thL Telcvani version of Ihc StaiLmenl ot- RecotnTn¢n(led Praclic¢ applicable lo charilieg pretmring their fitLancial siatements in aL￿rdaAcC with the FinanLial RLrrf)rting Siandard applicable in ihe UK and R¢publi¢ of Ireland (FR% 1021 in pr¢fer¢nr£ to the A￿)Unlin8 and Rewriin2 by Charilics.. Siaiemeni of Recomrnended Praciice issued on l April 2005 which is ref¢rred to in the cxiani regulatii)ns bul hax now bcLn wtihdtawn. l understand thai ihis has been done in Order for (he financial slaternents lo provide a tw¢ and fwT WI￿ In aCCOTdance with UK AcLwed Attouniing P￿lie¢. I havc completed my ¢xamination. I confirm ihat no matta5 hav¢ to wny *l¢ntion ID (x)nrwlion with the examination giviRg tnL cau8L to ]￿lieve thai in any n)at¢rial Tfspect.. accoiiniing records were not kept in Tespxl of th¢ church a5 rrquired by s￿lI0￿ 130 of the Clwiiie5 Ad 2011. th¢ financial 5tatetn¢nts (b not awrd with kn rLtord5" or th¢ financial 5tatetnen15 (kn tK>I comply with ihL appliLxblc ]wuirements o)nttrning the forni and content of financial sialements sel out in the Chariti¢5 IAw>unts and Re￿Tts} Rtgula(ion$ 2(K)8 otheT than any rcquirLmLmt Ihai the financial stsiements give a tru¢ aryj fair view. which is nol a tnatl¢r wnsid¢r¢d as partof an ind¢pendenl exattitnatitsn. I have no concem5 and have Cotnc aLYOSS no Ot￿r mailers in contkyiion wilh the examinaiion 10 which attention Should drawn ill this report in order to ¢Dabl¢ a proper unde[5th[￿l￿ of the fL[Ja￿l8] StsteM¢j￿ 10 bc rcaLhed. HB Accountants 28 Plumpion Ilous¢ Plumpion Road Floddesdon Fl¢rtfordshire F,Nll 01.B Date.. 2£

NEW LIFE CHURCH (NORTH LONDON) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR EJVDED 31 MARCH 2025 Ullrtstritted Restritte41 fttnds 2025 Tot*1 Unre5tsicttd Restricted funds runds 2024 2024 Total 2025 2025 2024 Notes Intome from.. Donation% legacies Chariiablc aciiviiies Investments Is2.8￿) 18.517 218 17.615 170.505 18.517 218 138.869 18.618 802 29,084 167.953 18.618 802 Total intomt 171.625 17.615 189240 158.289 29.084 187.373 Expenditu￿ on: Ch￿Ilable activities 180.928 19.654 2￿1.582 164.167 30.402 194,569 Totsl expenditu 180.928 19,654 21MJ.582 164.167 30.402 194.569 Net eipenditure and rnovemeDt in funds 19J03) 12.0391 111.342) 15.8781 {7,196} Retotttiliatiott of funds: Fund balanets ai l April 2024 2.711.518 17.5 2.729.108 2.717,396 18.908 2.736,304 Fund balance5 at JI Marcb 2025 2,702,215 1717.7f 2.711.518 17,5 2.729.108 lThe slalem¢nt of ljnancial activities includes all gwns and losse5 recogni5ed in the yedr. All income and expenditur¢ derive from continutng activities.

NEW LIFE CHURCH (NORTH LONDON) BALANCE SHEET ASA T31 MARCH21125 Z025 2024 N•tt5 Fixed #sstts Tangible assets 12 2.508.018 2.509,811 cUr￿￿t #sstts Debtors Cash ai bank and in harhd 37.233 176.729 1¢0,250 144,320 213.962 224.570 Crnditors: amounts falling dpe within year 14 (42141 (5273} Net rurrent a55ets 209.748 219.297 Tot*1 155tts kss turrent lilbilities 2,717.766 2.729.108 lffttome funds ResiriciLd lunds Unreslricled funds 16 15,551 2.702.215 17,590 2.711,518 2.717,766 2,729.108 'rhe counts wert appTovd by th¢ Trustees on...... R.W. Souster Tru5t¢¢

NEW LIFE CHURCH (NORTH LONDON) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policie5 ChArity infomstion New l.ife C'.hurch (North IAbndon} is a Tn 1.1 Attoutttittg tonvtntio# Thc accolillis have tLYn prepared in accordance with the church's IT￿$[ detd. the Chariiies Aci 2011 and-ALxouniing and RLtxirting by Charities.. SiaiLmLxJi ol RLY4)mmcnded Practiee applithle 10 chtiriiies prLyJrinx iheir aceounis in aLLordance wilh the Financial RekN>rting SiandaTd appliLablc in the UK atHI Republic Of IrL'land (FR% 1021- {as amcndcd fgT &Lounling PCTiods tommencing fmm l 2016}. The church is a Publit ￿￿er11 F.nlity as defined by FRS 102. The church ha5 ¢ak¢D wivanl3g¢ of the provision5 in th¢ SORP foT chaTiti¢5 applytng FRS 102 Update Bulldin I tKkl to prepare a Statetnent ofc4sh Flow5. The financial siatemenis have departed from Ihe C'.hariiies (Accounts and Rerortsl Regulations 2M8 only lo ihe extent requirc￿ io pn)vide 8 Inje and fair vieiv. This departure has involved following thc SiaiL)neni ofRLommcnded Pra￿1¢¢ fur Lhariticg applytng FRS 102 raiher than version ofihL StaiemLXlI ofRcL¥)mtnLtMled PMthicL' whiLh is rtrLrrL￿ io in the Regulations bul which ha8 Sit￿e tert withdrawn. The linancial sialernents ar¢ PTep8Jed in ￿erlin& which is the funLXional currency of the church. Monetary amounts in these tinancial siatLments arL rounded 10 th¢ neareA L I'he financial stsl¢Tn¢nts hav¢ iY¢n prqw¢d ￿der the hi510r1(￿ (x)51 (x)nvention. The Principal accounting tK)liGies adopted are sd out klow. 1.2 Going cgDcern Ai Ihc timc of approving ihc flnanci￿ m*MeTr￿ Ihe t￿￿ have a Teawnable exp&xaiion ihai Ihc church has adequate resOUrcL￿ to LX)ntirtue in o]Wdiiona] existL￿¢¢ for ik. forcsc4xblc futu￿. Thus the tntsiees Continue io a(k)pi ihc going oncem h&8is of acci)unling in preparing the finartei￿ Svdiemcnts. 1.3 Cbaritable fund5 UnrL'&triilLd funds aTe available lor use ￿ the discrdion ofthe tr￿leeS in furthernrtce oftheir charitsble objeeiives. Rtslricted funds arL' subject 10 s￿tifiC condilions by (h)no]S OT grdnii>rs &$ io how Itw may be used. The purp)8cs and U5&5 of th¢ r¢strirt¢d fund5 ar¢ 5¢t out in ihe tKTries 10 the Financial staietnen Fndo%Yment funds 5ubj¢d 10 5pccifie th]￿1110￿$ b). doTh)ts thai the tapilal musi Ir M￿￿1¥ined by the churth. 1.4 Incoming re5ource5 Inivtn¢ 15 T¢CV8lli5e(I w'hffl (he chutth is leEall)' eniiiled 10 li afler an). ￿rformance coT￿ltionS hav¢ been md. the amounts can k measur¢d r¢liabl?', and il 15 PTuliable thal It￿o[￿e ￿.711 ￿ receI￿ed. Cash donations are recogni5ed r¢ffipl. (Aher d()naliDn5 recognisd ihe church has been nolified of ihe donation. unless [￿rroMiancl condiiions require deferral of Ihe atnounl_ Inwme ts% recokerable in relaiion lo donali(Ins rtte1V￿ under Gift Aid is recognised ai Ihe iimeof Ihe (knnaiion. 1.5 Resourtes expendcd Lxp-nsLS afL iRcludLYI in i￿. financial stsiemcnts &s Ihey knime due. EXperL￿ includc VAT where applicable as the c()tnpaR) cunnol r¢rluitn il.

NEW LIFE CHURCH (NORTH LONDON) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 1.6 Tangible fiItd 4&set5 TJn¥iblL fixLd &ssLlS are in11i￿lY Mtr￿￿ed al CO￿ and subsequently M￿L￿ed at cost or valuation. net of deprtialion and any imwmiLnl lossts. Depreciation is ￿COgnISed so &s to wriie off L¥)￿ or valu￿10￿ of assets le55 th¢ir residuaj vaJue5 ovff their useful liv¢5 Oll the following b&8ts: l.and and buildings Manse equipment Church equipTnent 33% reduLiTrg balartL 33Yo rtducing balance The guin or loss aris2ng on disrK)sal of an &ssd is dderniined &$ the difference betwe¢n the sate Proceds and the carrying value of the asseL and is rL'tO￿lSell in the sthicmcni of financial aaLVjlte 1.7 Impairment of fixed assets At edch reporting Lnd dale. ihc church reviews the crying amounts ofi¢s tangible a55ets to d¢temiin¢ wh¢theT ihere is any indication ihat assets have sutTerLhd an impaKm)eni lo&s. If any $4Jch indication exists, the recoverable atnounl of the asset is estimated in order lo dele￿nine the exieni ofthL impaimJLXJt loss (if any}. 1.8 Cash and eash equiv¥l¢llts Lash and ¢a5h e4uiNalenl% irtlude cash in harf dc￿51￿ held ai call with banks. other short-term liquid investments with original rnaturitits ofthr¢e months or les5. and bank overdrdlls. Bank ovcrdrdtL8 arc shown wiihin h)rrowing5 in currLnt liabiliiies. 1.9 Financial in5trumtttts ThL' LhurLh CILLIL￿ 10 apply the Provisions of S¢dion I I 'lla5ic F1vanci￿ In5trwn¢nts' and Sedion 12 '01her Fitwirial Instrwnents IssuLs' of FRS 102 10 all ofits financial irthments. Financial instrumeTh15 r¢cogni5d in the church's balance when Ihc church ￿cOmeS party io the contr8ctuai provisions ol-the snslrument. Fitkincial aSSL4s' and li2biliiics are offsei. Iviih ihe nd arnounts pr¢5¢n¢¢d in the financial 5tal¢m¢nts, M'hLn Ihcre is a legally enforceahle righi 10 sei otT the tecognised amounts and ihere is an inleniion to Settle on a net basis ur io rLalise the a5s¢i and settle the liability 5itnuliancous1y. BastL financial gLqseis. which include debtor5 a[￿ cash athd bknnk- balanccs are iniliall). me&surcd ai irdnsaction pri¢e including Iransaciion cosis and are subsequently wi¢d at 3tnoriised cost using the etrectilie inleTesl tnL*ihod unless the rrdngLtnLnl CLltk81itul¢y a financing IrdnsaciÈon. iihere th¢ Iranwlion is m￿Sured at Ihe pwnl valu¢ of the lulure receipts discounted at a markd rate of inieresl. Financial assths clas5ifitd a5 r￿￿1Vable within one y￿[ arL tiol amort15ed.

NEW LIFE CHURCH (NORTH LONDON) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountikng policies {¢ontinuedl Busiefthotttiolliabililies B￿1￿ linancial liabilities. inc]￿JIng cr¢ditor5 and bank loaAs aye iniiially rec4)gThis¢d at iransaclion priiz unless the rrangcmeni consi11u￿ a financing iranw¢ior4 whu¢ the debi in5ttumeni is mixsured 81 the presenl value of the fulurL paytllLnlS discounied ai a markd rate of int¢r¢sL FitLanrkJ liabililits cl&ssificd as payable within one year are noi arnortised. Debt instruments are subsequcnily carried ￿ amortis¢d LY)sL ustng the ¢ff¢ctiv¢ inte￿1 Te methixl. Trade creditors obligalitsns lo ￿Y for or services th￿ have aquir¢d in th¢ ordinary wurse ofopcr81ion5 from supplie￿. A Tnounts payable are classifieii &8 eurrcni liabilities if [￿>Ment is du¢ within OD¢ y¢aT or less. Ifnoi. they arL' prLsLnled as non-cufT¢nl liabiliti¢s. Trade eredilots aTe Jeix)gniscd iniiially at transaction price and %ubsL'4uLnily mL￿l1red ai 8monis¢d cost Using the etT¢rtive iThleresl tnethod. I)ere￿8￿111￿￿ oyf￿￿￿e101Il￿Ii1i Fi[￿￿tIal liabiliiits are derecognÈsed when the rhurrh'5 COlltr&tual obligaiions expire or are discharged or caDc¢ll¢d. .10 Employee ben¢fits Th¢ w51 ofany holiday eniiilemenl is recogni5ed in the peri(￿ in which the employee's services are received. Te￿inatIOn ￿nefit% rcci)gnistd imme41tai¢ly &$ an exrr￿ whcn the chuTch is detnon5trnbly ¢tsmmiiied 10 iem)inal¢ the employment of an ¢Jnploy¢e or ￿ PTtsvide lem1i]￿L0n benefits. 1.1 l Retirement benefits Payments tv dLfittLd L￿ntribUtIon retirement ￿nefit 5cheffle5 chatged &$ an exrnseas they fa]1 du& Criti¢al 8¢counting estirnates #nd judgemtllts In the appliLxiion of the church'5 ￿COUn11￿8 pTrlicic& the trus￿% a]r required io make judgements, ¢stirnales a55umplions about ihe Larrying amount of a55¢ts and liabiliti￿ that aTe tKTrI rLadil) ap]yarLml from other sourc¢s. I'hL estimates and aswialcd ￿Umpi10nS are knd on hiS￿rICal ¢xFKri¢ntr and iTriheT fa. Llurs th￿ aTe considered to be relevant. Actual results rDay ditter from theseesiimai Tht esiimaiLs and underlying a55Utnplion5 are ￿¥leM"ed on an ongoing basis. Revisions to accounting e%timatC8 are recognised in the pcriod in whtch ihe tstitnale is re%i5ed iyhete i1￿. rL'vi$ion affLYts only thai period, or in the p¢riod ot. the r¢vi5ion and future peri￿ls wkne ihe reiision aftects ￿th Current and futUTt Intomt from don*tions and leg¥cies Unrtslricted funds 2025 Resfri¢ted f￿ndS Total Un￿Stricted funds Z024 Rtstridtd funds 2024 Total 2025 2025 2024 I)Oni￿ lion5 and gift5 Gitl Aid 124.924 27.966 15.681 1.934 140,605 29.9(K) 116.094 22.775 25,427 3,657 2C>,432 152.89D 17,615 170,505 138,869 29,084 167,953 10-

NEW LIFE CHURCH (NORTH LONDON) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Choritsble *¢tivities 2025 2024 Children and youih events a￿[ aciivilies Rents rLceived 2,469 16,(H8 3,853 14.765 18.517 18.618 Investments 2025 2024 Interest receivable 218 802

NEW LIFE CHURCH (NORTH LONDON) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expebditure ¢haritable a¢tivitie5 2025 2024 Siafl-cosis Depr¢cialion and itnpatrrnent Light, h¢at and waier Rcpairs and rcnewals Caiering and events Printing. stationery t¢lqthn¢ I￿lur￿¢t 85,480 4.Ik55 6,868 36,084 4,948 1,444 5.765 84.585 4.832 6,799 18,130 2,744 1,224 6,403 E 11 Trnvcl Children arxi youth Training WL'bsiie and wmpuier expenses CAP dLbi cenire conlribuiions Sundry exp¢n5e5 Legal and professional f¢¢5 Cleaning 1,844 18.377 6.455 3,339 10,2(Kl 3,592 3,7(M) 2,458 19.753 5,101 3.240 9.972 2.7UI 1,800 1,957 192.161 171,699 Grant fundingof activities {see noic 7) 5.781 19.630 Sh*re of support and governaD¢e t05ts (see Dote 81 (iovernanc¢ 2,640 3.240 2M,582 194.569 Athxlysi5 by UnrLsiricicd tunds Reslricted funds 180,928 19.654 164,167 30,402 200.582 194,569 Grants payable 2025 2024 Gyanis 10 insiiiiiiions= Good NcN¥s Crusade Mill 6rov¢ 240 240 ,240 240 Grants 10 individuals 4,541 IY,390 5,781 19,630 12-

NEW LIFE CHURCH (NORTH LONDON) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 h£4RCH 21125 Support costs Support ¢05ts Govtrnante 2025 2024 BASIS ofalloution AccountanLry 2.640 J,240 Governance 1640 2.640 3.240 Anal}'sed t¢iw¢en Charitable activit1¢5 2.640 3.240 Trystee5 One of the In￿let5. N.I'. W¢sL received r¢Mur￿ralIOn during theyearof £36.44412024.. £39.5621. No expenges were paid io the tnjsitts in thisyearand last year. io Employees Numbcr of tnhploytes The average monthly number of employees during the w&s: 2025 2024 Iyumber Nllmbtr P￿t￿r Childrcrblyouth workers Operations and admin Commiinity groups SUNK>rt Clean¢T EmployrneDt costs 2025 2024 Wages and salaries Social security Costs Oih¢r p¢n%iun c051 84,389 83,283 1.18 1,091 85,480 84,585 There %Y¢r¢ no emplo)e¢s ￿hOSe annua] remurthiion was £60.IMM) or more. Taxation Thc charili. is Lxcmpi from i&xaiion on its acti￿111¢$ kcause all income 15 applied for charitable purrrf)ses. 13-

NEW LIFE CHURCH (NORTH LONDON) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE FEAR ENDED 31 MARCH 2025 12 Tangiblt fixed assets C'hurch di eqxtpmtlt Cost Ai l April 2024 Addilions 2.51M).(MMI 4.416 19.301 2.271 2,523,717 2271 At 31 Mwch 2025 2.5(M).IMX 4.416 21.572 2.525,988 Dtpreeiation and tmp4irniont At l April 2024 l)¢pKcialion charged in th¢ YVT 1.458 1.142 12,448 2.922 13,906 4.064 At 31 March 2025 15.370 17.970 Carrying amounl At 31 MarLh 2025 2,500.(MX 1.816 6,202 2.508,018 Al 31 March 2024 2.500.( 2.958 6.853 2,509.811 13 Debttsrs 2025 2024 Amounts falling due withijb one yur. Other debio Prepayments and a¢cnLed i￿)Me 29.856 7.377 71,673 8,577 37,233 80,250 14 Crtditors: mouthts flling dut within one year 2025 2024 OtheT iaxaiion and social kxurity Other CTediiors Accruals and deferrd incorne 1.262 192 2,760 1.927 257 3.089 4,214 5,273 15 Rttiremetht bentfjt schemes 2024 Defined contribution schemes Charge la profit or loss in ofdLfinc￿ con1rib￿lon schemes The churLh 0￿[all5 a defined coniribuiion pension schetne for all qualif}"ing employ¢¢& The assets of the sLheme are hLld setHr&lLI) IrDtn Ihi)SL' ofihL church in an in&"rKnik"nili' adminisiered fund. 14-

NEW LIFE CHURCH (NORTH LONDON) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Restricted fund5 The restriciL'd funds of IhL cljariiy eomptise the u￿xI￿ded batances of th)rt￿lOnS aThl granL8 held on irust subject to specific conditions by donots &% io how they tnay At l April 2024 Incoming resources Resources At 31 Mgrekn xpended overs￿ missions Children and youth Hord%hip fund Zambia education Oiher gifts 588 14.848 2.154 1,256 {1,6641 {13,4491 15001 11,2261 12,8151 180 1,654 1206 2.432 2,815 17.5 17,615 119,654) Prvious ye¥r= At l April 2023 Illtomillg sourtt5 Resourtts exptnded At 31 Mar¢h 2024 Ovetseas mission8 Childret) and youth Flardship fund Other gift5 1.333 17.575 1.340 8.175 18,569 12.0851 110,W2) 116.415} (I.rx￿} 588 14,848 2,154 18,908 29.084 (30,4021 17,590 17 Analysis of Det *55ets betweéll fullds Unrestricted funds 2025 Re5tri¢ted runds 2025 Total UnTe5tride41 Restricted funds funds 2024 2024 Total 20Z5 2024 Fund balances at 31 March 2025 arc rLI)resenied by= Tangible assets Current a￿￿K(liabIlities) 2.508.018 194.197 2,508,018 209,748 2.509,811 205,898 2,509,811 219,297 15.551 13.399 2.702.215 2,717,766 2.715,709 13,399 2,729,108 18 Rtlated party tr#n5#ttlOttS During the >ear thL Church ￿ld J.E. W¢sL th¢ ￿'tre of on¢ orth¢ truste￿ N.T. WL￿¢ a saliu). of£io.oi)812024.. £9,499) in Te$￿￿1 of dulles perfonned. 15-