Registered number 05348864
Nu-Life Christian Trust Charity No. 1111807
Accounts
31 March 2025
## **Nu-Life Christian Trust Report and accounts Contents**
||**Page**|
|---|---|
|Company information||
|Trustees report||
|Independent examiner's report||
|Statement of Financial Activities|1|
|Balance sheet|2|
|Notes to the accounts|3|
|Income and expenditure account||
## **Nu-Life Christian Trust Company Information**
## **Directors**
Edak Efefiong Effiom Ijeoma Nmema Udechukwu Michael Alake
## **Secretary**
Ijeoma Nmema Udechukwu
## **Accountants**
Accounts Center Associates Limited 492 Gale Street Dagenham Essex RM9 4NU
## **Bankers**
## **Registered office**
Suite 25, 1st Floor Unimix House Abbey Road Park Royal London NW10 7TR
## **Registered number**
05348864
## **Nu-Life Christian Trust Statement of financial activities for the year ended 31 March 2025**
|**Incoming resources**
Direct charitable expenditure
Fundraising and publicity
Governance costs
Other operating income
**Operating surplus/(deficit)**
Profit on the disposal of tangible fixed assets
Profit on the disposal of investments
Gain on revaluation of investments
Income from investments
Interest receivable
Interest payable
**Surplus/(deficit) for the year**|**Unrestricted**
**funds**
**2025**
**£**
**79,333**
**(25,968)**
**53,365**
**(890)**
**(48,186)**
**-**
**4,289**
**-**
**-**
**-**
**-**
**-**
**(867)**
**3,422**|Unrestricted
funds
**2024**
**£**
110,448
(33,756)|
|---|---|---|
|||76,692
(670)
(86,532)
-|
|||(10,510)
-
-
-
-
-
(1,169)|
|||(11,679)|
1
## **Nu-Life Christian Trust Registered number:** 05348864 **Balance Sheet as at 31 March 2025**
||**Notes**||**2025**||**2024**|
|---|---|---|---|---|---|
||||**£**||**£**|
|**Fixed assets**||||||
|Tangible assets|3||**6,797**||8,099|
||||**6,797**||8,099|
|**Current assets**||||||
|Debtors|4|**-**||4,902||
|Cash at bank and in hand||**4,514**||3,954||
|||**4,514**||8,856||
|**Creditors: amounts falling**|**due**|||||
|**within one year**|5|**(960)**||(7,223)||
|**Net current assets**|||**3,554**||1,633|
|**Total assets less current**||||||
|**liabilities**|||**10,351**||9,732|
|**Creditors: amounts falling**|**due**|||||
|**after more than one year**|6||**(31,340)**||(43,549)|
|**Net liabilities**|||**(20,989)**||(33,817)|
|**Capital and reserves**||||||
|Revaluation reserve|7||**-**||-|
|Reserves|||**(20,989)**||(33,817)|
|**Shareholder's funds**|||**(20,989)**||(33,817)|
The directors are satisfied that the charity is entitled to exemption from the requirement to obtain an audit under the Charities Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
E.E. Effiom Director
Approved by the board on 22 December 2025
2
**Nu-Life Christian Trust Notes to the Accounts for the year ended 31 March 2025**
## **1 Accounting policies**
## _**Basis of preparation**_
The accounts have been prepared under the historical cost convention and in accordance with the provisions of the Charities Act 2006, and the Charities (Accounts and Reports) Regulations promulgated thereunder, and the Statements of Recommended Practice issued by the Charity Commission.
**Unrestricted funds** represent funds which are expendable at the discretion of the trustees in furtherance of the objects of the church and are held in the general fund.
**Restricted funds** represent grants and donations received and tax refunds arising thereon, which were allocated by the donor for specific purposes.
## **Direct charitable expenditure**
Direct charitable expenditure includes all expenditure which is directly related to the objects of the charity and comprises grants paid and costs whch are directly attributable to charitable activities including charitable support costs.
## **Management and administration costs**
Management and administration costs represent expenditure incurred in the management of the assets of the charity, organisational administration and compliance with constitutional and other statutory requirements. None of the Trustees received any remuneration, nor were paid expenses in the year ended 31/12/2021.
## **Grants and donations**
There were no accruals for these items at the year end
## _**Tangible fixed assets**_
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment and motor vehicles 20% reducing balance basis Fixtures, fittings, tools and equipment 20% reducing balance basis
|**2**
**Incoming resources**
Unrestricted donations and gift aid tax reclaimable|**2025**
**2024**
**£**
**£**
79333
110448
79333
110448|
|---|---|
3
**Nu-Life Christian Trust Notes to the Accounts for the year ended 31 March 2025**
## **3 Tangible fixed assets**
|**Cost**
At 1 April 2024
Additions
At 31 March 2025
**Depreciation**
At 1 April 2024
Charge for the year
At 31 March 2025
**Net book value**
At 31 March 2025
At 31 March 2024
**4**
**Debtors**
Other debtors
Gift aid tax recoverable
**5**
**Creditors: amounts falling due within one year**
Net wages
Other taxes and social security costs
Other creditors
**6**
**Creditors: amounts falling due after one year**
Bank loans
**7**
**Unrestricted funds**
General funds
Surplus/(deficit) for the year
Prior year adjustments|**Equipment**
**£**
12,865
397
13,262
4,766
1,699
6,465
6,797
8,099
**2025**
**£**
-
-
-
**2025**
**£**
-
-
-
960
**2025**
**£**
31,340
31,340
**2025**
**£**
(33,817)
3,422
9,406
(20,989)|**Total**
**£**
12,865
397
13,262
4,766
1,699
6,465
6,797
8,099
**2024**
**£**
4,902
-
4,902
**2024**
**£**
-
-
7,223
7,223
**2024**
**£**
43,549|
|---|---|---|
|||43,549
**2024**
**£**
(22,138)
(11,679)
(33,817)|
4
## **Nu-Life Christian Trust Notes to the Accounts for the year ended 31 March 2025**
## **8 Company limited by guarantee**
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required, not exceeding £1.
## **9 Other information**
Nu-Life Christian Trust is a private company limited by guarantee and incorporated in England, registered no. 05348864. The registerd office is Suite 25, First Floor, Unimix House, Abbey Road, Part Royal, London, NW10 7TR
5
## **Nu-Life Christian Trust Income and expenditure account for the year ended 31 March 2025**
_This schedule does not form part of the statutory accounts_
|**Incoming resources**
Unrestricted funds
Tithes and offerings
Gift aid claim
Other operating income
Direct charitable expenditure
Honoraria
Mission costs and support
Outreach and youth programmes
Hospitality, support and welfare
Ministerial and pastoral expenses
**Fundraising and publicity**
Fundraising and publicity costs
**Other employee costs**
Wages and salaries
Employer's NI
Premises costs
Rent and storage costs
Cleaning and refuse disposal
Governance costs
Telephone and web costs
Computer, media & digital service costs
Printing, postage and other office supplies
Bank charges and loan fees
Insurance
Repairs and maintenance
Accountancy fees
Depreciation
Travel and subsistence
Sundry expenses
**Other operating income**
Grants|**2025**
**£**
**63,466**
**15,867**
**-**
**79,333**
**1,900**
**305**
**1,741**
**3,979**
**18,043**
**25,968**
**890**
**890**
**14,620**
**762**
**15,382**
**18,113**
**242**
**18,355**
**1,609**
**1,602**
**5,532**
**90**
**931**
**707**
**960**
**1,699**
**1,319**
**-**
**14,449**
**48,186**
**-**
**-**|**2024**
**£**
88,358
22,090
-|
|---|---|---|
|||110,448|
|||3,050
538
1,010
12,181
16,977|
|||33,756|
|||670|
|||670|
|||20,000
-|
|||20,000|
|||36,976
765|
|||37,741|
|||2,070
1,643
1,888
90
916
3,180
700
2,025
15,859
420|
|||28,791|
|||86,532|
|||-|
|||-|
6
|**Nu-Life Christian Trust**|||
|---|---|---|
|**Corporation tax computation**|||
|**Tax reference**|||
|**Period beginning**||**1/04/24**|
|**Period ending**||**31/03/25**|
|**Accounts period beginning**||**1/04/24**|
|**Accounts period ending**||**31/03/25**|
|**Adjustment of trading profits**||**£**|
|Profit before tax per the accounts||3,422|
|Add back disallowable expenses|||
|Donations||-|
|Depreciation and (profit)/loss on sale of assets||1,699|
|Other||-|
|Capital allowances||(397)|
|Add back dividends payable on non-equity shares included in interest payable||-|
|Deduct non-trading income|||
|Interest receivable||-|
|Property income||-|
|Other income not taxable||-|
|Other adjustments|||
|Finance lease adjustments||-|
|Leased cars||-|
|Other operating lease adjustments||-|
|Adjusted trading profit||4,724|
|**Taxable profits**||**£**|
|Trading profit|4,724||
|Charity relief|(4,724)||
|Losses utilised|-||
|||-|
|Interest receivable|-||
|Charity relief|-||
|||-|
|Rental income||-|
|Net chargeable gains||-|
|Less: qualifying donations to UK charities||-|
|Taxable profit||-|
|**Days in accounting period falling in each tax year**|||
||**Days falling**||
|**Tax year**|**in tax year **|**Days in year**|
|2024|365||
|2025|-||
||365|365|
|**Corporation tax payable**|||
|**Taxable**|||
|**Tax year**
**profit**|**Tax rate**|**Corp Tax**|
|2024
-|19%|-|
|2025
-|19%|-|
|-|||
|Corporation tax payable||-|