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:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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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 :
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Examine the accounts under section 145 of the 2011 Act.
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Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
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State whether particular matters have come to my attention.
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;
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(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept( in accordance with section 130 of the 2011 Act
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
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(2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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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