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)
Cb*rity numberlEngland W*ksl
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 Te<titLrements of the Staiemeni of Recoyntnended Praciice, 'Accouniing and
ReFK>rting 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 tllL*lings 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￿lli*S 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 memF*ts 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 StrL*I 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 desit*ble 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 b*sis 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 tx*mikner'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￿$[ detd. the Chariiies Aci 2011 and-ALxouniing and
RLtxirting by Charities.. SiaiLmLxJi ol RLY4)mmcnded Practiee applithle 10 chtiriiies prLyJrinx iheir aceounis in
aLLordance wilh the Financial RekN>rting SiandaTd appliLablc in the UK atHI Republic Of IrL'land (FR% 1021- {as amcndcd
fgT &Lounling PCTiods tommencing fmm l 2016}. The church is a Publit ￿￿er11 F.nlity as defined by FRS 102.
The church ha5 ¢ak¢D wivanl3g¢ of the provision5 in th¢ SORP foT chaTiti¢5 applytng FRS 102 Update Bulldin I tKkl to
prepare a Statetnent ofc4sh Flow5.
The financial siatemenis have departed from Ihe C'.hariiies (Accounts and Rerortsl Regulations 2M8 only lo ihe extent
requirc￿ io pn)vide 8 Inje and fair vieiv. This departure has involved following thc SiaiL)neni ofRL*ommcnded Pra￿1¢¢
fur Lhariticg applytng FRS 102 raiher than version ofihL StaiemLXlI ofRcL¥)mtnLtMled PMthicL' whiLh is rtrLrrL￿ io in
the Regulations bul which ha8 Sit￿e t*ert withdrawn.
The linancial sialernents ar¢ PTep8Jed in ￿erlin& which is the funLXional currency of the church. Monetary amounts in
these tinancial siatLments arL rounded 10 th¢ neareA L
I'he financial stsl¢Tn¢nts hav¢ iY¢n prqw¢d ￿der the hi510r1(￿ (x)51 (x)nvention. The Principal accounting tK)liGies
adopted are sd out klow.
1.2 Going cgDcern
Ai Ihc timc of approving ihc flnanci￿ m*MeTr￿ Ihe t￿￿ have a Teawnable exp&xaiion ihai Ihc church has adequate
resOUrcL￿ to LX)ntirtue in o]Wdiiona] existL￿¢¢ for ik. forcsc4xblc futu￿. Thus the tntsiees Continue io a(k)pi ihc going
oncem h&8is of acci)unling in preparing the finartei￿ Svdiemcnts.
1.3 Cbaritable fund5
UnrL'&triilLd funds aTe available lor use ￿ the discrdion ofthe tr￿leeS in furthernrtce oftheir charitsble objeeiives.
Rtslricted funds arL' subject 10 s￿tifiC condilions by (h)no]S OT grdnii>rs &$ 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 T*e 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 exr*r￿ 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 exr*nseas 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 rL*adil) 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 f*lling 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-