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← New Life Ministries International (UK)

2024-09-30-accounts

NEW LIFE MINISTRIES INTERNATIONAL (UK)

ANNUAL REPORT COMPRISING TRUSTEE’S REPORT AND FINANCIAL STATEMENTS

30 SEPTEMBER 2024

Contents Page
Corporate information 1
Report of the board of trustees 2 - 6
Independent examiner’s report 7 - 8
Statement of financial activities 9
Statement of financial position 10
Statement of cash flows 11
Notes to the financial statements 12 - 23

i

Corporate Information:
Registered Charity Number: 1105770
(England & Wales)
Company Number: 06246199
Registered Address: 130 Capstone Road
Downham
Bromley
Kent
BR1 5NG
Founder & General Overseer: Bishop Dr. Jonathan Archibald Cole
Pastor in Charge: Rev. Millicent Thorpe
Trustees: Bishop Dr J. A Cole
Rev (Mrs) Irene Winifred June Cole
Rev (Mrs) Seray Willina Bangura
Rev (Mrs) Millicent Thorpe
Brother Emmanuel Davies
Secretary: Rev. Babsy Blyden-Kaye
Bankers: HSBC
448-454 High Road
London
N17 9JN
Accountants: PAJ Accountants
Chartered Certified Accountants
10 - 16 Tiller Road
Docklands
London E14 8PX

1

Report of the Board of Trustees

The Trustees have pleasure in submitting their report to the Members and stakeholders together with the audited Financial Statements for the year ended 30 September 2024.

.

The financial statements have been prepared in accordance with the accounting policies set out in the notes to the financial statements and comply with the Charity governing document, the Companies Act 2006, the Charities Act 2011 and Accounting and Reporting by Charities Statement of Recommended Practice applicable to charities preparing accounts in accordance with the Financial Standards applicable in the UK and Republic of Ireland published in October 2019.

Trustees’ responsibility statement

The Board of Trustees(who are also directors of the Charity for the purposes of company law) are responsible for the preparation and fair presentation of these Financial Statements, comprising the statement of financial position at 30 September 2023, the statements of financial activities, and statement of cash flows for the year then ended, and the notes to the Financial Statements, which include a summary of significant accounting policies and other explanatory notes, in accordance with the United Kingdom Generally Accepted Accounting Practice, and in the manner required by the Companies law, and for such internal control as the Directors determine is necessary to enable the preparation of Financial Statements that are free from material misstatement, whether due to fraud or error.

Structure, Governance and Management

Legal Structure

The organisation is a charitable company limited by guarantee, incorporated on 13 May 2007 and registered as a Charity on 17 April 2004. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association dated 13 May 2007. In the event of the company being wound up the members are required to contribute an amount not exceeding £1.

Recruitment and Appointment of Trustees

The Directors of the company are also Charity Trustees for the purposes of charity law. All Trustees give their time freely and no Trustee received remuneration in the year.

Key Management Personnel

The day-to-day management of the Charity is delegated to the Management Team under the direction of the Senior Pastor.

Corporate Governance

The full Board holds 4 scheduled meetings per annum with additional meetings held when required. Whilst retaining its responsibilities for the overall strategy and policies of the church, the Trustees delegate the day-to-day management to the Pastor-in-Charge, Rev Millicent Thorpe.

Objects and Aims

The main purpose for which the Charity is established is the advancement of the Christian faith. The narrative in the following pages detail how the aims and objects are carried out for the public benefit.

The Charity’s Public benefit

The Trustees have had regard to the Charity Commission’s Guidance on the Advancement of Religion for the Public Benefit in preparing the Trustee’s Report and the following pages of the report show in some detail how this has been achieved.

2

Strategic Report

SUNDAY WORSHIP SERVICES

We continued using our current premises at New Church UK - Michael Church, 131 Burton Road, London, SW9 6TG. We

meet there every Sunday from 12.30pm for our Sunday Weekly Divine Service.

PROPHETIC PRAYER TIME & BIBLE STUDY

Our special Prophetic Prayer Time is consistently held every first Wednesday of every month, and Bible Studies continue

every Wednesday from 8.30pm to 9.30pm over the Zoom online platform which we continued doing throughout this year.

BLACK HISTORY MONTH SUNDAY SERVICE

On the last Sunday of October, Black History Month Sunday was observed and the Young Peoples Willing Workers (YPWW) members actively participated during this Service.

KOTOKU HARVEST

On Sunday 10[th] November 2023, we had our fifteenth Family Harvest and Kotoku Sunday.

27[th] ANNUAL CONVENTION OF NEW LIFE MINISTRIES INTERNATIONAL, FREETOWN, SIERRA LEONE

Rev. (Mrs.) Millicent Thorpe, Rev (Mrs) Seray Bangura and Minister Babsy Blyden-Kaye attended the Annual International Convention of the Ministry which was held in Freetown, Sierra Leone from 4[th] to 10[th] December 2023. Minister Babsy was ordained into Full Gospel Ministry as Reverend during the Grand Thanksgiving Service on 10[th] December, 2023.

FAMILY DEDICATION SERVICE

On Sunday 7[th] January 2024, we had our fifteenth Annual Family Sunday, with the various families within the Church participating actively in the service. Rev Millicent Thorpe preached during this service, and each family was dedicated to GOD for Divine Protection for the New Year and for the Service of the LORD by Rev. (Mrs) Millicent Thorpe.

FRIENDS AND FAMILY SERVICE

We held a Special Friends and Family Service on Sunday 25[th] February, 2024 where we had Pastor Pamela Davies preached to motivate and inspire us. We had a good turnout of members’ family and friends gracing this Service.

WOMEN’S DEPARTMENT ACTIVITES

The Women’s Department continue with their weekly Prayer Meetings every Monday evening where the women are motivated, encouraged and mentored. The Women’s Department celebrated their 19[th] Anniversary Thanksgiving Celebrations on Wednesday 20[th] March with a Financial Seminar and on Sunday 24[th] March, 2024 with a Grand Thanksgiving Service.

CHILDREN’S MINISTRY THANKSGIVING

The Children’s Ministry celebrated their 18[th] Anniversary Thanksgiving Celebrations on Sunday 12[th] May, 2024.

3

MEN’S DAY SERVICE

The Men’s Ministry had their Men and Fathers’ Day Service on Father’s Day, Sunday 16[th] June, 2024. The Men’s Ministry have also been actively joining in the various Church activities over the Zoom online and Prayer Telephone Line activities.

NEW LIFE IS 21 YEARS OLD IN THE UK

New Life Ministries International UK was 21 years in the UK this year. To celebrate and thank GOD for taking us through 21 years of existence in the United Kingdom, we embarked on a Praise Revival Service on Wednesday 26[th] June, 2024 and Grand Thanksgiving Service on Sunday 30[th] June, 2024. We had Pastor Blessing Oginni as our Guest Preacher ministering on the Theme: “Anointed For Maturity & Growth” . The Praise Revival Service was conducted by the Thanksgiving Committee supported by the Church Choir.

RHEMA CONFERENCE 2024

For Rhema Conference 2024, we hosted a One Day Apostolic Impartation Service on Sunday 8th September 2024. The Committee wasted no time in embarking on fund-raising activities. Every third Sunday of the month, special offerings are raised to support the hosting of this unique Conference. Every member voluntarily contributes £100 towards the success of the hosting of Rhema every year. One of the unique characteristics of Rhema is the huge attendance of Pastors and Ministers from different Churches and Nationalities along with members of their varying congregations which swells the numbers in attendance. This year’s Rhema continued in the unique vein with His Grace Bishop J. Archibald Cole ministering during this one day special service.

SPIRITUAL DEVELOPMENT

Members of the Church continue to be built up spiritually with the preaching of the Word and Weekly Bible Study Sessions. From the way our members are applying what they are learning from the Word and Bible Study especially in the area of unity, dedication and commitment, we are motivated within the Leadership to continue to provide spiritual support to members, to empower, encourage and teach. We also meet and pray over the dedicated Church Prayer Line every morning from 6am to 6.30am on Mondays to Fridays and from 9.30pm to 10pm from Tuesdays to Fridays.

EVANGELISM AND OUTREACH

Park Evangelism Outreach in the Local Park near the Church location on Sunday 18[th] August 2024. Members distributed RHEMA Conference Flyers during this session, and we interacted with and prayed for members of the public whilst we shared our Bring and Share Luncheon. We continue to be involved in evangelism and outreach, supporting various other charitable projects and contribute towards Disaster Emergency Committee fundraising activities for stricken regions of the world.

4

MEMBERSHIP & CHURCH ATTENDANCE

We continue to use the Church WhatsApp Group to positively interact with our members and keep the Fellowship alive that way. We have a total of thirty (30) active adult members and seven (7) children who are regular attendees. We have a total of fifteen (15) young people in the YPWW. The Children’s Ministry has a total of five (5) children. Bible Studies usually has attendance from between twelve (12) to thirty (30). Church attendance on Sundays is between twenty (20) to fifty (50).

TESTIMONIES

GOD continues to be gracious to us as members have been giving wonderful testimonies in the area of healings, extraordinary breakthroughs, new jobs, promotion and housing.

TRUSTEES AND LEADERSHIP MEETING

We had monthly Trustees and Leadership meetings where we discussed issues pertaining to the ministry including its growth and development over Zoom or the Prayer Telephone Conference line. The members of the Trust Board with Bishop Dr Jonathan Archibald Cole, Rev (Mrs) Irene Winifred June Cole, Rev. (Mrs.) Seray Conteh-Bangura, Rev (Mrs.) Millicent Thorpe, Emmanuel Davies, Esq. and Rev Babsy Blyden-Kaye actively participating towards the success of the Charity’s aims and objectives. Rev (Mrs) Irene Winifred June Cole was appointed to serve as Trustee during this financial year.

CHURCH ACCOMODATION

We continue to take Building Fund Offering every second Sunday of every month towards our Leasing a Property for the use of the Church’s services and charitable objects.

GOALS FOR 2025/2026

  1. To work towards getting our own structure that we can rent exclusively for the Church to be able to use for our various Church weekly services and activities. We will continue to raise funds to pay deposit for a suitable building for the church use.

  2. To continue more intensive Evangelism Drives and work with the UK Church Community to provide Food Banks for the vulnerable and disadvantaged in our local communities in South East London. We will continue to focus on evangelism and conferences designed to attract people to the Church.

  3. To host fundraising events to enable us as a Church to meet our goals.

  4. To host special events that will actively engage young people who need direction and empowerment.

  5. To befriend the elderly who are lonely and provide them with much needed counselling and support.

  6. We will continue to focus on training and discipleship.

  7. We will organize a Family training week where training will be given on family life and marriage. We believe this will make Christian families and homes healthier.

  8. We will organize an annual give back day where we will give back to our members and the less privileged in the community. We annually organize a tea party for the disabled people in our community; and we will continue to do this.

  9. We will work hard and trust GOD to provide the resources needed to host the 17th Rhema Conference this year.

  10. We will continue to put emphasis on Bible Study for the spiritual growth of our members.

5

  1. We will continue to provide counsel to the members of the church and the community.

  2. We will continue to counsel and give career advice to the children and young people not only in the church but also in the community. We will also continue to evangelise in the Church neighbourhood and encourage our members to bring one soul a month to swell our numbers. We also plan to organize Zoom online events for our young people and children and encourage and empower them to actively participate in Church programs and interact on various social media platforms as they promote the ideals and events of New Life Ministries International.

Approval of the Financial Statements

The Trustee’s Report and the Strategic Report together with the Financial Statements contained therein of the company were approved by the Board of Directors on 9 March 2025, and are signed on their behalf by:

Director

Secretary

6

Independent Examiner’s Report To the Trustees of The New Life Ministries International For the Year Ended 30 September 2024

We report on the accounts of New Life Ministries International UK which comprise the statement of financial activities, the balance sheet and related notes for the year ended 30 September 2024 as set out on pages 10 to 24.

Respective responsibilities of trustees and examiner

The Charity's Trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements in accordance with applicable law United Kingdom Accounting standards and United Kingdom Generally Accepted Accounting practice.

The Charity's Trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.

Having satisfied myself that the Charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of the independent examiner's report

Our examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity 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 no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.

Independent examiner's statement

In connection with our examination, no matter has come to my attention:

7

Patrick Jusu FCCA Association of Certified Chartered Accountants (ACCA) PAJ Accountants Chartered Certified Accountants 10 - 16 Tiller Road Docklands London E14 8PX

Date: 15 March 2025

8

New Life Ministries International (UK)

Charity Registered Number. 1105770

Statement of Financial Activities

For the Year Ended 30 September 2024

Restricted 2024 2023
Note Designated £ Unrestricted Total Total
£ £ £ £
Incoming Resources from
Tithes 2 - - 8,272 8,272 6,787
Mission Offerings 3 - - 15,360 15,360 14,579
Building Fund - - 0 0 -
Rhema Offerings - - 1,585 1,585 787
Youth, Men &Women’s Ministries - - 10 10
Other Donations - - 743 743 -
Incoming Resources from
Bank Interest Income 4 - - 369 369 189
Other Incoming Resources 5 - - - - 21
Total Incoming Resources - - 26,339 26,339 22,363
Resources Expended
Cost of Generating Voluntary Income - - (10,389) (10,389) (10,551)
Christian Outreach - - (2,460) (2,460) 3,842
Christian Ministry - - 8,650 3,900 2,870
Governance Costs - - (3,900) (3,900) 5,710)
Total Resources Expended 6 - - (25,399) (25,399) (22,979)
Net Incoming/(Outgoing) Resources 7 - - (940) (940) (616)
before transfers
Prior Year Adjustments - Receipt - - - - -
Net Movement In Funds - - (940) (940) (616)
Total Funds Brought Forward 8,425 - 28,512 36,937 37,553
Total Funds Carried Forward 8,425 - 29,452 37,877 36,937

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 7 to 15

9

Balance Sheet

For the Year Ended 30 September 2024

2024 2023
Report and Financial Statements Note £ £
Tangible Fixed Assets 10 - - -
Current Assets
Debtors & Prepayments 11 - - 600
Cash at bank and in hand 38,009 38,009 36,337
38,009 38,009 36,937
Liabilities
Creditors: amounts due within one year 12 - - -
Net Current Assets 38,009 38,009 36,937
Net Assets 13 38,009 38,009 36,937
REPRESENTED BY:
Designated Funds 8,425 8,425 8,425
Unrestricted Funds 29,584 29,584 28,512
Total Charity Funds 14 38,009 38,009 36,937

For the period ended 30 September 2024, the organisation was entitled to exemption from audit undersection 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with Section 476 of the Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act2006 with respect to accounting records and the preparation of accounts. Financial statements.

Approved and authorised for issue by the Board of Trustees on 15 March 2024 and signed on its behalf by:

Chair Rev (Mrs.) Seray Bangura (Nee Conteh)

Director Rev (Mrs.) Millicent Thorpe

10

Statement of Cash Flows

Net Income for the reporting period
Depreciation charge
Decrease in creditors
Increase/Decrease in Debtors & Prepayments
Net cash generated by
Operating activities
Cash flow from financing activities
Repayment of borrowing
Interest period
Cash flow financing activities
Change in cash and cash equivalents in the reporting period
Cash Adjustment
Cash and cash equivalent at the beginning of the reporting period
Cash and cash equivalent at the end of the reporting period		 2024
2023
940
(616)
-
-
-
(150)
600
(450)
1,540
1,216
-
132
-
-
132
-
1,672
(1,216)
36,337
37,552
38,009
36,337

11

New Life Ministries International (UK) Charity Registered Number. 1105770 New Life Ministries International (UK) Charity Registered Number. 1105770

1. General Information

New Life Ministries International is a private company limited by guarantee and a registered charity domineer and incorporated in England. The company’s registered office and principal place of business is shown on page 1.

The charity’s principal activities are the advancement of the Gospel of Christ.

The principal accounting policies adopted, judgements and key sources of estimation of uncertainty in the preparation of the financial statements are as follows:

i)

Bases of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by charities: statement of recommended practice applicable to charities preparing their accounts in accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland (FRS 102) (second edition effective 1 January 2019) – (charities SORP (FRS 102), the Financial Reporting standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The accounts are prepared in sterling and rounded to the nearest £1.

New Life Ministries International meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognized at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

a) Gaining concern

The Board has a reasonable expectation that the charity has adequate resources to continue its operation for the seeable future as the charity continues to maintain sufficient cash resources to fund its working capital.

b)

Income

i) Voluntary income is received by way of donations and gifts and is included in full in the statement of financial activities when received or receivable, whichever is earlier.

Gifts in kind represent assets donated for use by the charity. These are recognised when receivable and are valued at the amount the charity would otherwise have paid for the

ii) Revenue grants are credited to the statement of financial activities when received or receivable whichever is earlier.

Where unconditional entitlement to grants receivable is dependent upon fulfilment of conditions within the charity's control, the incoming resources are recognised when there is sufficient evidence that conditions will be met. Where there is uncertainty as to whether the charity can meet such conditions, the incoming resource is deferred.

iii) Restricted funds are to be used for specific purposes as laid down by the donor, as described in note 13.

Designated funds are unrestricted funds earmarked by the directors for particular.

12

New Life Ministries International (UK) Charity Registered Number. 1105770

c) Resources Expended

Resources expended are included in the statement of Financial Activities on the accruals basis inclusive of VAT which cannot be recovered.

Costs of generating funds relate to the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose.

Where information about the aims, objectives and projects of the charity is provided to potential beneficiaries, the costs associated with this publicity are allocated to charitable expenditure.

Where such information about the aims, objectives and projects of the charity is also provided to potential donors, activity costs are apportioned between fundraising and charitable activities on the basis of area of literature occupied by each activity

13

New Life Ministries International (UK) Charity Registered Number. 1105770

New Life Ministries International (UK) Charity Registered Number. 1105770

Notes to the Financial Statements

ii) Base of Allocation and Appointment

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the following basis which are an estimate, based on staff time, of the amount attributable to each activity.

Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity's activities.

iii) Tangible Fixed Assets

Tangible Fixed Assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Church Equipment 5 years
Furniture & Fittings 5 years

Items of equipment are capitalised where the purchase price exceeds £100. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

iv)

Rental Payment

Rentals payable under operating leases, where substantially all the risks and rewards of ownership remain with the lesser, are charged to the Statement of Financial Activities on a straight line basis over the minimum lease term.

v)

Governance Costs

Governance cost are those incurred in connection with the administration of the charity as an entity and compliance with stationary requirements needs. In the light of the Covid 19 Pandemic, the trustees have reviewed their assumptions based on the “new normal” operational levels. The tithes and offering have continued to hold up in line with the period being reported. Forecasts to March 2024 shows sufficient cash and net assets have been reviewed. Having taken these into consideration and the uncertainties that may arise due to the Pandemic, the board continues to adopt the going concern bases in preparing those financial statements.

d)

The Financial Statements

The financial statement contains the results of New Life Ministries International Limited, a company limited by guarantee and a registered charity.

e) Cash and Cash Equivalents

Cash and cash equivalents comprises cash on hand, on demand deposits and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk to change in value.

14

New Life Ministries International (UK) Charity Registered Number. 1105770

f) Corporation Tax

The charity is exempt from tax on income and gains within section 5.5 of the Taxes Act 1988 or section 252 of the Taxation of chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.

g) Critical Accounting Estimates and Judgements

Estimates and judgements are continually evaluated and are based on historical experience and other factors including expectations of future events that are believed to be reasonable under the circumstances.

Claims for gift aid on tithes offering and other income are based on recorded income and estimates of gifts and recoverable.

The useful economic lives attributes to tangible fixed assets are estimated by the trustees and used to determine the annual depreciation charge.

15

New Life Ministries International (UK) Charity Registered Number. 1105770

Notes to the Financial Statements

For the Year Ended 30 September 2024

2.
Voluntary Income
Designated
£
Tithes
Mission Offerings
Building Fund
0
Rhema Offerings
0
Youth, Men & Women Ministries
Other Donations
0
3.
Activities for Generating Funds
Designated
£
Fundraising / Marketing
0
4.
Incoming Resources from Charitable Activities
Designated
£
Grant Funding
0
5.
Christian Ministry
Designated
£
Evangelism Entertainment
Men’s Ministry
Women’s Department
0
Missions & Outreach
0
Children’s Ministries & YPWW
Musical & CD Production
0		 2.
Voluntary Income
Designated
£
Tithes
Mission Offerings
Building Fund
0
Rhema Offerings
0
Youth, Men & Women Ministries
Other Donations
0
3.
Activities for Generating Funds
Designated
£
Fundraising / Marketing
0
4.
Incoming Resources from Charitable Activities
Designated
£
Grant Funding
0
5.
Christian Ministry
Designated
£
Evangelism Entertainment
Men’s Ministry
Women’s Department
0
Missions & Outreach
0
Children’s Ministries & YPWW
Musical & CD Production
0		 Restricted
£
369
369
Restricted
£

0
Restricted
£

0
Restricted
£

0		 Unrestricted
£
8,272
15,360
-
1,585
10
743
25,970

Unrestricted
£
-
-

Unrestricted
£
-
-

Unrestricted
£
500
400
1,050
6,700
-
-
8,650		 2024
Total
£
8,272
15,360
-
1,585
10
743
25,970
2024
Total
£
-
-
2024
Total
£
-
-
2024
Total
£
500
400
1,050
6,700
-
-
8,650		 2023
Total
£
6,787
14,579
21
787
-
-
21,174
2023
Total
£
-
-
2023
Total
£
-
-
2023
Total
£
670
-
500
1,500
200
-
0 2,870

16

New Life Ministries International (UK) Charity Registered Number. 1105770

6.
Cost of Generating Voluntary Income
Telephone
Stationery, Printing
Insurance
Rent Camberwell
Bank Charges
Other Church Administration
Miscellaneous Expenses
Depreciation
7.
Governance
Visiting Pastors Gift
Pastor Allowance
Pastors Training & Development
Pastors Tour / Accommodation
Pastor Other
Building Related Expenses
Legal & Professional
Accountancy Fee
8.
Christian Outreach
Conference Hotel
Conference Travel
Other Conference Affairs
Convention - Travel
Headquarters Due & Tithes
Other Hall Rental		 Designated
£
0
0		 Restricted
£		 Unrestricted
£
2,026
-
-
5,900
219
2,154
90
-		 2024
Total
£
2,026
-
-
5,900
219
2,154
90
-		 2023
Total
£
1,925
-
-
4,600
202
3,348
452
-
0 0 10,389 10,389 10,557
Designated
£
0
Designated
£
0
0
0		 Restricted
£
Restricted
£
0		 Unrestricted
£
900
2,800
-
-
200
-
-
-
3,900
Unrestricted
£
-
1,200
-
1,260
-
-
2,460		 2024
Total
£
900
2,800
-
-
200
-
-
-
3,900
2024
Total
£
-
1,200
-
1,260
-
-
2,460		 2023
Total
£
1,660
3,900
-
-
150
-
-
-
5,710
2023
Total
£
-
1,416
1,226
1,200
-
-
3,842

17

New Life Ministries International (UK)

Charity Registered Number. 1105770

Net Incoming Resources for the Financial Year

This is stated after charging / crediting
Accountants’ Fee
Depreciation
9.
Staff Costs and Numbers
Staff costs were as follows:
Total Emoluments Paid to Staff were:		 2024
Total
£
-
-
-
2024
Total
£
-
-
-		 2023
Total
£
-
-
-
2023
Total
£
-
-
-

The average weekly number of employees (full-time equivalent) during the year was as follows:

Nil 2024
Total
£
2023
Total
£
-
-
-
-

10. Taxation

The Charitable Company is exempt from Corporation Tax as all its income is charitable and is applied for charitable purposes.

18

New Life Ministries International (UK) Charity Registered Number. 1105770

11. Tangible Fixed Assets
Cost at the start and the end of the Year
Addition
Depreciation
At the start of the year
Charge for the year
At 30/09/22 Carried Forward
Net Book Value
At the end of the year 30/09/2023
At the start of the year 01/10/2024
12. Debtors
Staff costs prepared
Bank and Cash
13. Creditors: amount due within 1 year
Accruals
Accounts Payable
14.
Tangible Fixed Assets
Net Current Assets
Net Assets at the end of the year		 Total
7,857
-
7,857
7,857
-
7,857
-
-
-
 Furniture &
Fittings
£
Equipment
£
5,891
1,966
-
-
5,891
1,966
5,891
1,966
-
-
5,891
1,966
-
-
-
-
-
-

2024
2023
£
£
-
-
-
-
38,009
36,337
2024
2023
£
-
-
-
-
-
General
Total
£
£
£
-
-
-
-
38,009
38,009
-
38,009
38,009
General
£
£
-
-
-
38,009
-
38,009

19

New Life Ministries International (UK) Charity Registered Number. 1105770

15. Movements in Funds

At the start
of the year
£
Restricted Funds:
Grant Funding
-
Total Restricted Funds
-
Unrestricted Funds
Tithes
46,700
Mission Offerings
(20,148)
Other - Church Administration
(44,149)
Other Fund
(6,149)
Bank Interest Received
189
Total Unrestricted
16,739
Total Funds
16,739
Designated Funds:
Rhema
2,487
Building Fund
5,983
Other Designated Reserve
977
8,639
26,932		 Incoming
Resources
£
-
-
8,272
15,360
-
-
369
24,001
24,001
1,585
369
-
1,954
22,363		 Outgoing
Resources
£
-
-
(4,410)
(4,489)
(5,900)
(2,440)
-
(17,249)
(17,249)
-
-
-
-
(17,838)		 Transfers
£
At the end of
the year
£
-
-
-
-
50,562
31,019
(50,049)
(8,609)
-
558
-
23,491
-
23,491
-
4,072
-
6,352
-
977
-
11,401
-
34,892

16. Trustee Remuneration and related party transaction

s

The Trustees received no remuneration nor any reimbursement or expenses from NLMI

No Trustee or other person related to NLMI had any personal interest in any contract or transaction.

17. Capital Commitments

There are no commitments as at 30 September 2024

18. Contingent Liability

There were no contingent liability as at 30 September 2024.

20

New Life Ministries International (UK) Charity Registered Number. 1105770

19. Subsequent Events

Events subsequent to the financial statements date are reflected only to the extent that they relate directly to the financial statements and their effect is material. There were no significant events as at the Balance Sheet date the financial statements were signed.

.

21

New Life Ministries International (UK) Charity Registered Number. 1105770

Detailed Income and Expenditure Account For the Year Ended 30 September 2024

Detailed Income and Expenditure Account For the Year Ended 30 September 2024

INCOME
Tithes
OTHER INCOME
Missions Offerings
Rhema Offerings
Building Fund
Other Income and Donations
Children, Youth, Men & Women Ministries
Other Income
EXPENDITURE
Visiting Pastors’ Gift
Pastors Allowance
Pastors Training & Development
Pastors Tour / Accommodation
Pastors Other
Accountancy & Audit
Governance
Conference - Hotel Bookings
Conference–Travel
Conference - Other
Convention - Travel
Headquarters Dues & Tithes
Building Fund Related Expenses
Rhema Expenses
Hall Rental
Christian Outreach
Evangelism Entertainment
Men’s Ministry
Women’s Department
Young People Willing Workers (Youth Ministry)
Missions & Outreach
Children’s Department
Musical & CD Production
Christian Ministry
Telephone
Stationery, Printing, Etc.
Insurance
Subscriptions
Rent
Legal & Professional		 2024
8,272
15,360
1,585
-
743
10
369
26,339
900
2,800
200
1,200
1,260
-
-
-
-
-
500
400
1,050
-
1,500
-
-
2,026
-
-
-
5,900
-
 2023
6,787
14,579
787
21
189
22,363
1,660
3,900
-
-
150
750
-
1,416
1,226
1,200
-
-
-
-
-
670
-
500
-
6,700
200
-
-
1,925
-
-
-
4,600
-

22

New Life Ministries International (UK) Charity Registered Number. 1105770

----- Start of picture text -----
2024 2023
Bank Charges 219 202
Miscellaneous Expenses 90 482
Church Administration 2,154 3,348
Sub Total (22,979)
Depreciation
Depreciation for the year - -
Total Expenditure for the year (25,339) (22,979)
NET SURPLUS FOR THE YEAR 940 (616)
----- End of picture text -----

23