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2025-03-31-accounts

NEW BIRTH INTERNATIONAL BIBLE CHURCH

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] MARCH 2025

CHARITY NUMBER: 1097332

NEW BIRTH INTERNATIONAL BIBLE CHURCH FLAT 43 AYLESBURY HOUSE FRIARY ESTATE LONDON SE15 1RW

INDEX Page Index 1 Trustee’s Report 2-3 Independent Examiner’s Report 4 Receipts and Payments Account 5 Statement of Assets and Liabilities 6 Notes on the financial Statements 7

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NEW BIRTH INTERNATIONAL BIBLE CHURCH TRUSTEES’ REPORT YEAR ENDED 31[ST] March 2025

The trustees are pleased to present their report for the year ended 31[st] March 2025 for the charity, New Birth International Bible Church with Charity Number 1097332.

The Trustees of the charity are: Rev Joe Nartey Mr Jerry Lumor Sissuh Ms Victoria Karbo

The principal address of the charity is: Flat 43 Aylesbury house Friary Estate London SE15 1RW

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity governing document is a trust deed that was dated on 1[st] December 2002 as amended on 28[th] May 2008 as amended on16th September 2011.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.

OBJECTIVES AND ACTIVITIES

The Objects of the organisation are to advance the Christian Religion as the trustees may see fit from time to time. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.

ACHIEVMENTS AND PERFORMANCE

The Organisation continues to hold successful services through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith .The church continues to hold several conferences in the United Kingdom and this has continued to make a good impact in the community. The church continues to support the churches and ministries in Ghana.

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FINANCIAL REVIEW

The income of the charity is above £25,000. This is a slight increase on the previous year’s income. The costs have been managed over this period. The charity is in a good position to develop itself in the community.

FUTURE DEVELOPMENTS

The church intends to continue to host its regular conferences in the UK. They will continue to support ministry work in Ghana which is a great support to the people in that country. The intended re-appointment of our present independent examiner at the upcoming trustee meeting is expected to support the financial operations by making it more effective.

RESERVE POLICY

It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure.This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.

RISK MANAGEMENT

The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.

TRUSTEE RESPONSIBILITIES

Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:

  1. Select suitable accounting policies and apply them consistently.

  2. Make judgements and estimates that are reasonable and prudent.

  3. State whether the applicable accounting standards have been followed.

  4. Prepare financial statements on an ongoing basis.

They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.

Approved by the Trustees on 10[th ] December 2025 and signed on their behalf by:


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Independent Examiner’s Report To the Trustees NEW BIRTH INTERNATIONAL BIBLE CHURCH

I report on the accounts of the church for the year ended 31[st ] March 2025 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.

Respective responsibilities of trustees and examiner

The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to :

Basis of Independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In the course of my examination, no matter has come to my attention;

Chuks Ajuka BSc(Man), FICB PM.Dip FRESH FIRE ORGANISATION South Lodge Avenue New Horizon Centre Mitcham Surrey CR4 1LT

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NEW BIRTH INTERNATIONAL BIBLE CHURCH

ACCOUNTS FOR THE YEAR ENDED 31st March 2025

Receipts & Payments Account (General Purpose Fund)

Income Receipts
£
2025
Tithes and Offerings
20953
Other Income
0
Interest
0
Gift Aid income
4981
_
Total Receipts
25934
_

Direct Charitable Expenditure
Website
486
Honorarium
2750
Stationary
111
Storage
1481
Mission
2093
Insurance Vehicle
887
Professional fees
250
Church house rent
6900
Insurance Equipments
380
Books
1046
Fuel
155
Travel expenses
0
Church Rent
1040
Welfare
500
Benevolent giving
500
Vehicle expenses
460
Subscription
275
Stationery
0
Rates
1046
Fixtures
0
20360
Other Expenditure
Equipments
4776
Training
249
Total Payments
25385
Net Receipts/(Payments) for the year
549
Cash Funds brought forward
932
Cash Funds at the end of the year
1481
5
£
2024
19924
25
0
4543
___
24492
___
431
1150
0
1200
1966
902
440
6200
151
1634
171
294
3120
0
541
418
300
756
988
2693
23355
1092
0
24447
45
887
932

NEW BIRTH INTERNATIONAL BIBLE CHURCH

2 Statements of Assets and Liabilities at 31st March 2025

Cash Funds
Bank
Total Cash Funds
Assets Retained for the
Charity's Own use
Fixtures & Fittings
Musical Instruments
Equipments
Liabilities
Accounting fee
Unrestricted Funds
2025
£
1481
_
1481
_

2238
192
13233
_
13425
_

280
2024
£
932
___
932
___
2798
240
11765
___
14803
___
250

Approved by the Trustees and signed on their behalf:


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NEW BIRTH INTERNATIONAL BIBLE CHURCH

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st March 2025

ACCOUNTING POLICIES

Basis of Accounting

These accounts have been prepared on the receipts and payments basis under section Charities Act 2011.

Funds

Unrestricted funds are those which can be used at the Trustees' discretion. Restricted Funds are those whose purposes have been restricted by the donor.

Staff

The ministry had no employees during the accounting year. All other work was undertaken by volunteers

Trustee Remuneration

No trustee was paid any emoluments during the financial year.

Depreciation

Depreciation is calculated at 20% reducing balance method.

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