Charity Registration Number : 1112203
Company Registration Number : 05346522
## **NEW WORLD MISSION ASSOCIATION UK**
A COMPANY LIMITED BY GUARANTEE TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
## **NEW WORLD MISSION ASSOCIATION UK**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
FOR THE YEAR ENDED 31 MARCH 2025
**Trustees** D RAVELO A TORRES N MIGUEL J I BEDOYA MARTINEZ **Charity Number** 1112203 **Company Number** 05346522 **Registered Office** 13 - 14 Penn Street London N1 5DJ
## **NEW WORLD MISSION ASSOCIATION UK**
## **CONTENTS**
FOR THE YEAR ENDED 31 MARCH 2025
Trustees' Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
## **NEW WORLD MISSION ASSOCIATION UK**
## **TRUSTEES' REPORT**
## FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial statements for the year ended 31 March 2025.
## **Trustees' report and financial statements**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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) (effective 1 January 2019).
## **Trustees' Report for the Year Ended 31 March 2025**
The Trustees present their annual report together with the independent examiner report of the financial statements for the year 1 April 2024 to 31 March 2025.
Since the charity qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.
The charity also trades under the name NEWMA.
## **OBJECTIVES AND ACTIVITIES**
## **Policies and objectives**
The Trustees confirm that when reviewing the Charity's aims, and planning the objectives and activities, they have had due regard to the Charity Commission's guidance on public benefit and in particular the supplementary guidance regarding the advancement of religion.
The objectives of the Charity are set out in its governing document and can be summarised as:
- The advancement of the Christian Faith;
- Relief for those in need, hardship or distress; and
- The advancement of education on the basis of Christian principles
Our current principal aims are to be:
- A Mission Church: to communicate the love of Christ both locally and globally
- A Model Church: to continue to develop a multi-racial, multi-age community that demonstrates the Kingdom of God as taught in the new testament
- A Multiplication Church: to gear for on-going growth in the UK and overseas
- A Media Church: to creatively use all modem methods of communication
## **Objectives for 2024/2025**
In essence, our goals for 2024/2025 is a continuation of the goals of the previous year, namely:
- To Develop stronger devotional foundation through times of prayer and fasting, and a programme of Bible reading for Church members
- To develop stronger leadership foundations
- To develop greater pastoral care through the network of small groups that the church has To develop our provision of comfort and support for the bereaved, hurting and marginalised To continue the development of our ministries to the young and old, married and singles
- To support the development of family life both within the church and in local communities
- For Sunday attendance and church attendance through small groups grow and extend, creating more Sunday Service
- Community desire: to continue serving the local communities
## **Strategies for achieving objectives**
The strategies for achieving the aims and objectives are those set out in the home small groups vision developed by many churches around the world with many hundreds of thousands of members. Inspired by the remarkable growth and quality of this vision, New World Mission Association has adopted the small groups vision. The strategy is based on Christ's example of training disciples who would in turn make further disciples and is a four-step process:
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- WIN new believers through personal friendship as well as through invitations to learn of the Christian message in public services and in smaller group meetings;
- CONSOLIDATE (affirm in the faith) new Christians - nurturing them in their faith and supporting them with care and counsel;
- DISCIPLE (or train) believers in the Christian Life through small 'discipleship' groups and the 'school of leaders' and
SEND (or launch) Christians into leadership - reproducing what they have experienced
## **Activities for achieving objectives**
The Charity runs local activities as well as activities further afield in partnership with other organisations.
## **Sunday Services**
We have seven services in seven locations, we are one church with many campuses, we have our:
- Pimlico Campus at Pimlico Academy, Lupus Street, SW1V 3AT, Central Campus at 13 Penn Street, N1 5DJ.
- Stratford Campus at London Academy of Excellence, 322 High Street, E15 1AJ, Manor House Campus at Skinners Academy, Woodberry Grove, N4 1SY,
- Dulwich Campus at The Charter School North Dulwich, 34 Red Post HI, SE24 9JH, Bermondsey Campus at Harris Academy, 55 Southwark Park Rd., SE16 3TZ, Chelmsford Campus at Grove Road Evangelical Church, Grove Road, Chelmsford, CM2 0EY
Each campus has children's program and translation into English or Spanish simultaneously on stage.
## **Community Groups/C Groups**
Our small groups are known as cells, as the Bible refers to the church as a body of believers and the cell is the basic component of the body. Small groups 'cells' are open to Christians and non-Christians alike to learn about the teachings of Jesus. There are cells for all ages: children, youth and adults. We also run discipleship cell groups which consist of up to 12 church members who are committed to support and encourage each other in their Christian lives.
## **Retreats**
Encounter weekends, pre-Encounter and post-Encounter courses are run for anyone who has decided to join the church. They form the core of our 'consolidation' strategy, enabling people to have a real encounter with God, to ensure they have a clear understanding of the Christian message, be set free from past hurts and learn how the church operates and how to find their place within it.
## **Leadership training and World link Mission School**
The 'School of disciples' is run to provide a thorough grounding in the teachings of the Bible and train Christians to run their own small groups. Classes are once a week and the school last a minimum of a year. This is a core part of the 'Disciple' strategy. In addition, we run the 'World link Mission School' for those who want to advance their studies, this is also training for those that are preparing for the pastoral ministry, and those who are opening new churches within our network within London and internationally.
## **Baptism services**
CCL yearly hold baptism services, these are for new members who have made a decision to be a disciple of Jesus Christ, we hold the baptism service at different venues (Baptist churches).
## **Media**
Our media team, made up of both staff and volunteers, supports the church by managing social media and updating the church website to share what is happening across our campuses. Sunday sermons are made available online to reach those who cannot attend services in person. We are also developing Church Online, providing live Christian streaming through platforms such as Facebook and YouTube to extend our reach and engagement.
## **Evangelism on the Streets**
Church leaders organise a weekend outreach once a month, during which around 60 leaders and members come together to support the poor and marginalised. This includes providing food and clothing, as well as connecting individuals with organisations that can help with accommodation and counselling.
## **Seminars and conferences**
CCL church will invite guest speakers throughout the year to build up the congregation with seminars and conferences, these will be held at different times of the year and will focus on helping build up the men's network,
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women's network and youth and children's network. CCL will cover the costs for the speakers for these seminars and conferences.
## **Churches and Missions**
The Church provides pastoral oversight to churches in Spain, Ecuador, Colombia and Peru, we work closely on the development and activities of those churches and missions. The Charity also sends delegates to participate and speak in these churches and missions.
## **Ecuador**
We continue to hold a building for our church in Quito, Ecuador. However, for the sake of prudence we have deemed it inappropriate to have the value of this building showing in the accounts until legal ownership is fully secured. The legal costs for the year associated with the ongoing process of securing ownership are included in the Support costs in the accounts.
## **Volunteers**
All the charity's activities arc facilitated in some respect by dedicated volunteers, several hundred of whom give their time to assist in some way - for example fulfilling a role in our Sunday service, annual conference, assisting in the church office or working with children or youth.
## **Public benefit**
The Trustees have considered the Charity Commissioners' Guidance on Public Benefit and, in particular, the specific guidance on Charities for Advancement of Religion and is satisfied that the activities of New World Mission Association UK fall within such guidance.
## **ACHIEVEMENT AND PERFORMANCE**
The following is a summary of our achievements for the year ending 31/03/2025
## **School of disciples**
The school of disciples now has an average of over 100 students every trimester - an improvement on last year.
## **Media**
We have improved our website and continue to stream the Sunday service in four of our campus online. Now that we gather physically, we continue to upload the Sunday messages through sound cloud so that the members and new people can have access to the messages.
Many of the home groups still meet weekly online through the zoom platform. We are working on improving our social media presence every week and are planning to take it to the next level as we understand the importance of this.
## **Missions**
We have a Church in Ecuador and also 5 churches in Spain. The Churches do different activities such as weekly meetings and retreats and the annual conference; this is to help the growth of the Church.
We have opened two wells in Nigeria this year and plan to open more wells in the future.
## **Our Church in London**
We have seven campuses where we gather the Church every Sunday. We currently have approximately 950 members across the seven campuses including the newly opened campus in Chelmsford.
The Church also meets in small groups every week, we have over 100 Small groups.
## **Encounter retreats**
CCL encounters are held at Outsource hotel during the year. We had a total of 15 encounters during the year (2024: 10 encounters).
## **Total people baptised**
During the year 140 people were baptised (2024: 100 people).
## **FINANCIAL REVIEW**
## **Financial summary**
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New World Mission Association UK (NEWMA UK) ended the year with a surplus of £872.76 (2024: £64,958.00 deficit) the details of which can be seen in the annexed financial statements (and notes) for the period.
The Trustees are very thankful to all the members (and other stakeholders) for their continuous generosity which enables the Church to maintain its array of activities.
The Trustees refer to the prior year’s statement in which they acknowledged the deficit for the financial year ended 2024, arising from expenditure incurred in implementing the expansion of the charity’s mission, including the securing of additional operational locations. At that time, the Trustees expressed confidence that the benefits of these new locations, together with planned cost-efficiency measures, would lead to improved financial results in subsequent periods.
For the financial year ended 2025, the charity has generated a small surplus rather than a deficit. The Trustees consider this outcome to be a positive confirmation that the expectations set out in the 2024 Trustees’ Report have been met. The Trustees remain confident that the organisation is now on a more stable financial footing and that continued prudent financial management will support the charity’s ongoing activities and mission.
## **Reserves policy**
The Board of Trustees has examined the Charity's requirements for reserves in light of the main risks to the organisation. Our current
policy is to aim to maintain at least three months of all expenses. Based on the total expenditure in 2024/2025 this is in the region of
£198,367 (2024: £189,065).
At the end of 31/03/2025 the charity held free cash reserves of £72,466.73 (2023: £17,471). We are focused on building up cash reserves going forward.
## **Going concern**
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
## **FUTURE PLANS**
We are working to relaunch the 2022 Church vision as we now seeing the momentum of new and regular members. This means we need to double down on communicating and clarifying the vision of our church.
We are looking for new premises where we can also hold Church services as well as do other activities like hold departmental meeting, worship rehearsals and building our worship and media ministries.
Therefore, we intend to launch a fundraising campaign to buy an appropriate building. The campaign may include establishing a new building fund and selling the Ecuador building.
Another strategic objective is to further strengthen the media department not only to better promote our church and its mission in the UK and abroad, but also to promote specific local community training and internship programmes. Such programmes include initiatives like career development projects (e.g. job seeking, creating CVs and practicing job interviews) and educating families on how to navigate online safely.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a company limited by guarantee, as defined by the Companies Act 2006.
## **Constitution**
New World Mission Association UK is a non-denominational church based in London UK. The Charity is governed by the trustees and registered with the Charity Commission: Charity Number 1112203.
New World Mission Association UK is registered also as company, Company Number: 5346522.
The Charity was incorporated on 28th January 2005 and is governed by a Memorandum and Articles of Association. The Association was registered with the Charity Commission on the 22nd November 2005 in accordance with the Charities Act. New World Mission Association is a charitable trust and is run by a board of Trustees.
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Our Objectives to advance the Christian Faith and education in Churches established and maintained by the Charity, to teach and prepare missionaries, to organise community and social work, to provide relieve for those in need, hardship, distress or poverty within the United Kingdom and throughout the World.
## **Method of appointment or election of Trustees**
Trustees may be appointed by a formal memorandum of spiritual leaders of the Church. Trustees must be a member of the church and accept the doctrine of the Church. Trustees are appointed in accordance with the provisions of the Articles of the Charity and with reference to the Association's Governance Policy.
## **Policies adopted for the induction and training of Trustees**
The Trustees are required to read the Charity Commission guidance 'the effective Trustee' and encouraged to read their other publications.
## **Pay policy for senior staff**
The charity has considered its policy for setting the pay and remuneration of the charity's key management personnel. This is based on past experience and levels set by similar organisations. The trustees together with the minister are working on a new policy for ministers and church leaders.
## **Organisational structure and decision making**
The strategic decisions of the charity are taken by the Board of Trustees. The Board of Trustees operate collectively with the Executive Management and Directors, to consider specific subjects and make recommendations to the Board.
## **Spiritual leaders**
The Spiritual leaders of the church comprise the Senior Pastor together with a team of twelve men and twelve women who oversee the pastoral care of church members, the programme of Christian teaching and provide spiritual direction to the church.
The trustees recognise that the spiritual leaders are the spiritual authority of the church. The spiritual leaders recognise that the Trustees are the custodians and administrators of the trust funds. The trustees have the responsibility to administer the trust funds, which they will undertake in full recognition of the spiritual guidance provided by the church's spiritual leaders.
Having assessed the practical implications involved in fulfilling the spiritual direction given by the church's spiritual leaders. the trustees create and maintain:
- Accounting structures Policy statements Reporting structures Working practices
## **Risk Management**
The trustees recognise the importance of assessing and managing risk associated with Charity's objectives. The process of identifying risk is ongoing and has been an essential part of the management for some years. The Trustees are implementing systems to ensure identification, management and documentation of foreseeable risks.
## **Governance risks**
There is a risk that trustees may not always have sufficient time to undertake detailed and effective oversight of the charity’s activities and governance. This risk is mitigated through forward planning of the annual trustee meeting schedule, ensuring that adequate time is allocated at meetings for in-depth review, discussion, and decision-making throughout the year.
## **Operational risks**
There is a risk that employing staff without adequate skills or experience could lead to errors in the delivery or administration of the charity’s activities. This risk is mitigated by providing staff and volunteers with appropriate training, including attendance at relevant training sessions and seminars, to ensure they are suitably equipped to fulfil their roles.
## **Financial risks**
There is a risk that donation income may decrease, which could result in insufficient funds to support the charity’s activities. The Trustees seek to mitigate this risk by developing and promoting a range of giving options, including
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online donations, postal giving, and standing order arrangements, to encourage continued and sustainable support.
## **External Risks**
Changes in government policy or fluctuations in the wider economy could have an adverse effect on the charity. The charity seeks to mitigate this risk by keeping beneficiaries informed of relevant changes and assessing how such developments may affect its activities. The Trustees also consider forward-planning measures to prepare for potential impacts. In addition, the Trustees have regard to relevant guidance on going concern and liquidity issued by the Financial Reporting Council, and hold discussions earlier in the year to identify and minimise risks to the charity before the reporting period.
## **Compliance with Laws and Regulations**
There is a risk that insufficient information at the outset of new projects could lead to non-compliance with legal and regulatory requirements. While the charity continually seeks new ways to support and serve beneficiaries, appropriate legal advice is obtained before any new project is undertaken. The charity also maintains robust financial controls, with all donations recorded in full. Main offerings are collected on Sundays, secured, and banked promptly, and weekly reports are submitted by all cell groups to the church offices detailing amounts collected.
## **Safeguarding Policy**
The charity’s safeguarding policy is designed to protect vulnerable children and adults from abuse and neglect in all circumstances. It covers procedures aimed at preventing harm and ensuring safe and effective care. All employees and volunteers operate in accordance with government safeguarding guidance, and appropriate Disclosure and Barring Service (DBS) checks are carried out.
## **Trustees**
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
D RAVELO A TORRES N MIGUEL J I BEDOYA MARTINEZ
## **Trustees' responsibilities statement**
The trustees, who are also the directors of Charity For New World Mission Association Uk for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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This report was approved by the trustees and signed on its behalf by:
## David Ravelo (Jan 30, 2026 16:25:11 GMT)
------------------------------------------------------------------------
## **D RAVELO Trustee**
## Date : **30 January 2026**
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## **Independent Examiner's Report to the Trustees of**
## **New World Mission Association UK**
## **Independent examiner's report to the trustees of New World Mission Association UK ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 3 I March 2025.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants (ACCA), which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company 'as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I leave no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Date: -30/01/2026
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## **NEW WORLD MISSION ASSOCIATION UK**
## **STATEMENT OF FINANCIAL ACTIVITIES**
FOR THE YEAR ENDED 31 MARCH 2025
|**Recommended**
**categories by activity**
**Notes**
**Income and**
**endowments from:**
Donations and legacies
2
Charitable activities
3
Investments
4
**Total**
**Expenditure on:**
Raising funds
5
Charitable activities
6
Other
8
**Total**
**Net**
**income/(expenditure)**
**Transfers between**
**funds**
**Net movement in**
**funds**
**Reconciliation of**
**funds:**
Total funds brought
forward
**Total funds carried**
**forward**|**Unrestricted**
**funds**
**£**
734,034.90
5,224.72
35,828.61
**775,088.23**
5,457.92
745,384.65
30,767.60
**781,610.17**
**(6,521.94)**
**(2,374.38)**
**(8,896.32)**
824,642.64
**815,746.32**|**Restricted**
**funds**
**£**
19,255.24
-
-
**19,255.24**
-
11,641.55
218.99
**11,860.54**
**7,394.70**
**2,374.38**
**9,769.08**
-
**9,769.08**|**Total Funds**
**2025**
**£**
753,290.14
5,224.72
35,828.61
**794,343.47**
5,457.92
757,026.20
30,986.59
**793,470.71**
**872.76**
**-**
**872.76**
824,642.64
**825,515.40**|**Total Funds**
**2024**
**£**
687,099.94
3,310.00
892.96|
|---|---|---|---|---|
|||||**691,302.90**|
|||||5,367.73
719,759.67
31,133.86|
|||||**756,261.26**|
|||||**(64,958.36)**
**-**|
|||||**(64,958.36)**
889,601.00|
|||||**824,642.64**|
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## **NEW WORLD MISSION ASSOCIATION UK**
## **BALANCE SHEET**
FOR THE YEAR ENDED 31 MARCH 2025
|**Recommended categories by**
**activity**
**Notes**
Fixed assets
Tangible assets
9
**Total fxed assets**
Current assets
Debtors
10
Cash at bank and in hand
11
**Total current assets**
Creditors: amounts falling due within
one year
12
**Net current assets/(liabilities)**
**Total assets less current liabilities**
Creditors: amounts falling due after
one year
13
**Total net assets**
**Funds of the Charity**
Unrestricted funds
15
Restricted funds
15
Endowment funds
15
**Total funds**|**Total Funds 2025**
**£**
782,744.02
**782,744.02**
45,783.01
72,466.73
**118,249.74**
69,616.64
**48,633.10**
**831,377.12**
5,861.72
**825,515.40**
815,746.32
9,769.08
-
**825,515.40**|**Total Funds 2024**
**£**
807,174.75
**807,174.75**
45,268.07
16,860.21
**62,128.28**
28,697.23
**33,431.05**
**840,605.80**
15,963.16|
|---|---|---|
|||**824,642.64**|
|||824,642.64
-
-|
|||**824,642.64**|
For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on 30 January 2026 and signed on its behalf by:
**D RAVELO Trustee**
Date : **30 January 2026**
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## **NEW WORLD MISSION ASSOCIATION UK**
## **NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 31 MARCH 2025
## **1. Accounting Policies**
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
## **1.1 Basis of preparation**
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts 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)” (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
## **1.2 Going concern**
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
## **1.3 Income from donations or grants**
Income from donations and grants is recognised when the charity is entitled to the funds, the receipt is probable and the amount can be measured reliably. For donations, this is usually on receipt. If a donation or grant contains terms and conditions outside of the charity’s control which must be met before the charity is entitled to the funds, or if the donor specifies that the funds must be used in future time periods, then the income is deferred.
## **1.4 Tax reclaims on donations and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
## **1.5 Contractual income and performance related grants**
This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions.
## **1.6 Income from charitable activities**
Income from charitable activities is recognised over the period to which the income relates. Rent is recognised over the period to which it relates. Any amounts relating to future periods are deferred.
## **1.7 Expenditure**
Expenditure is recognised when a present legal or constructive obligation exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefits will be required to settle the obligation, and the amount can be estimated reliably. It is inclusive of VAT which cannot be recovered.
Direct costs are those costs which directly attribute to its activities. Wages and salaries are allocated to direct costs based on an estimate of time spent on charitable activities by staff members.
Support costs include staff costs and are those which do not produce a direct output. Staff costs relate to specific activities and this is reflected in the allocation of payroll costs based on the percentage of time spent.
All costs, including governance costs, are allocated between the expenditure categories of the charity on a basis designed to reflect the use of the resource. Costs relating to a particular activity are charged directly; others are apportioned on an appropriate basis.
Support costs and overheads have been calculated by allocating staff time to the level of involvement in the various activities of the Charity.
## **1.8 Pensions**
The Charity makes contributions to defined contribution pension schemes through auto enrolment. These contributions are charged to the income and expenditure account in the year in which they become payable.
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## **1.9 Taxation**
The organisation is a registered charity and has no liability to income tax or corporation tax on its charitable activities during the year.
## **1.10 Creditors**
The charity has creditors which are measured at settlement amounts less any trade discounts.
## **1.11 Fund accounting**
Unrestricted funds are those funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes.
## **1.12 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
There are no estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities.
## **1.13 Tangible fixed assets**
Tangible fixed assets, such as land and buildings, plant, vehicles and equipment, are held to provide an on-going economic benefit to a charity through their contribution, directly or indirectly, to the provision of goods or services by the charity.
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
**Name Rate (%) Year Method** Freehold property 2% straight line Equipment 25% reducing balance
## **1.14 Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
## **2. Income from Donations and Legacies**
|**Analysis**
Donation
and gifts
Gift Aid
Grant
from
local
authority
Tithes
and
oferings
**Total**|**Unrestricted funds**
**£**
-
47,119.29
-
686,915.61
**734,034.90**|**Restricted funds**
**£**
9,255.24
-
10,000.00
-
**19,255.24**|**Total funds 2025**
**£**
9,255.24
47,119.29
10,000.00
686,915.61
**753,290.14**|**Total funds 2024**
**£**
-
41,815.26
-
645,284.68|
|---|---|---|---|---|
|||||**687,099.94**|
Page 1 2 of 1 8
## **3. Income from Charitable Activities**
|**Analysis**
**Unrestricted funds**
**£**
Church events
4,714.00
DBS cost recovery
510.72
**Total**
**5,224.72**
**4. Income from Investments**
**Analysis**
**Unrestricted funds**
**£**
Interest income
344.17
Rental and leasing income
35,484.44
**Total**
**35,828.61**
**5. Expenditure on Raising Funds**
**Analysis**
**Unrestricted funds**
**£**
Advertising, marketing, direct mail
and publicity
5,457.92
**Total**
**5,457.92**
Support Costs
-
**5,457.92**
**6. Expenditure on Charitable Activities**
**Analysis**
**Unrestricted funds**
**Restricted funds**
**£**
**£**
Ministerial
expenses
8,107.66
-
Missionaries
11,206.68
-
Worship and
campuses -
Rents
213,296.09
-
Worship and
campuses -
Other
22,959.31
-
Outreach
10,127.10
-
Missions
-
5,792.67
Wells project
-
3,709.98
Global
Fellowship
-
2,138.90
Ministers
salaries
172,368.12
-
Administrative
staf costs
96,417.70
-
Other staf
costs
22,111.59
-
Church events
38,422.70
-
**Total**
**595,016.95**
**11,641.55**
Support Costs
150,367.70
-
**745,384.65**
**11,641.55**||**Total funds 2025**
**£**
4,714.00
510.72
**5,224.72**
**Total funds 2025**
**£**
344.17
35,484.44
**35,828.61**
**Total funds 2025**
**£**
5,457.92
**5,457.92**
-
**5,457.92**
**Total funds 2025**
**£**
8,107.66
11,206.68
213,296.09
22,959.31
10,127.10
5,792.67
3,709.98
2,138.90
172,368.12
96,417.70
22,111.59
38,422.70
**606,658.50**
150,367.70||**Total funds 2024**
**£**
3,310.00
-|
|---|---|---|---|---|
|||||**3,310.00**|
|||||**Total funds 2024**
**£**
892.96
-|
|||||**892.96**|
|||||**Total funds 2024**
**£**
5,367.73
**5,367.73**
-|
|||||**5,367.73**|
|||||**Total funds 2024**
**£**
11,442.25
15,620.06
209,735.37
86,766.32
1,636.44
-
-
-
169,232.04
98,352.30
-
34,258.74
**627,043.52**
92,716.15|
|||**757,026.20**||**719,759.67**|
Page 1 3 of 1 8
## **7. Support Costs**
|**Analysis**
**Support Costs**
Legal/professional fees
Strategy & development
Equipment hire
Repairs and renewals
Cleaning and maintenance
Storage
Bank charges
Bank interest paid
Subscriptions
Rent and rates - ofce
Insurance
Light, heat, water - ofce
Telephone & internet
Computer and Software
Other ofce expenses
Printing and stationery
**Governance Costs**
Independent examiners fees
Accountants fees
**8. Other Expenditure**
**Analysis**
**Unrestricted funds**
**£**
Equipment -
Cost -
Depreciation
Charge for
the Year
6,779.27
Depreciation
Charge for
the Year -
Freehold
Land &
Buildings
23,988.33
**Total**
**30,767.60**|**Restricted funds**
**£**
218.99
-
**218.99**|**Total funds 2025**
**£**
21,451.38
9,680.64
4,489.83
4,053.87
4,054.40
3,916.00
4,170.99
628.18
1,704.16
55,388.30
4,232.45
8,996.34
2,373.70
7,538.40
8,396.19
1,787.87
2,400.00
5,105.00||**Total funds 2024**
**£**
20,544.45
8,540.82
-
4,509.05
-
-
4,858.33
-
-
5,846.13
7,155.66
3,582.73
3,728.78
-
22,526.32
4,223.88
7,200.00
-|
|---|---|---|---|---|
|||**150,367.70**||**92,716.15**|
|||**Total funds 2025**
**£**
6,998.26
23,988.33
**30,986.59**||**Total funds 2024**
**£**
7,145.53
23,988.33|
|||||**31,133.86**|
**8. Other Expenditure**
Page 1 4 of 1 8
## **9. Tangible Fixed Assets**
|**Freehold Land &**
**Buildings**
**£**
**9.1 Cost or valuation**
At 01 April 2024
1,199,416.37
Additions
-
Disposals
-
Revaluations
-
Transfers
-
At 31 March 2025
**1,199,416.37**
**9.2 Depreciation and impairments**
At 01 April 2024
413,678.80
Charge for the year
23,988.33
Disposals
-
Revaluations
-
Transfers
-
At 31 March 2025
**437,667.13**
**9.3 Net book value**
At 01 April 2024
785,737.57
At 31 March 2025
**761,749.24**
**10. Debtors: Amounts falling due within one year**
**Total funds 2025**
**£**
Gift Aid Recoverable
13,984.22
Other debtors
31,798.79
**Total**
**45,783.01**
**11. Cash at bank and in hand**
**Total funds 2025**
**£**
Cash at bank and in hand
72,466.73
**Total**
**72,466.73**|**Freehold Land &**
**Buildings**
**£**
1,199,416.37
-
-
-
-|**Freehold Land &**
**Buildings**
**£**
1,199,416.37
-
-
-
-|**Fixed Assets -**
**Tangibles -**
**Equipment**
**£**
107,282.25
6,555.86
-
-
-
**113,838.11**
85,845.07
6,998.26
-
-
-
**92,843.33**
21,437.18
**20,994.78**
**Total funds 2024**
**£**
12,309.28
32,958.79|
|---|---|---|---|
||**1,199,416.37**|||
||413,678.80
23,988.33
-
-
-|||
||**437,667.13**|||
||785,737.57|||
||**761,749.24**|||
|||||
||||**45,268.07**|
||||**Total funds 2024**
**£**
16,860.21|
||||**16,860.21**|
Page 1 5 of 1 8
## **12. Creditors: Amounts falling due within one year**
||**Total funds 2025**|**Total funds 2024**|**Total funds 2024**||
|---|---|---|---|---|
||**£**||**£**||
|Net wages payable|(320.55)||-||
|Pension payable|609.55||885.15||
|Bank loans and overdrafts|15,506.05||14,015.09||
|Payments received on account for contracts or performance-
related grants|32,808.00||-||
|Accruals and deferred income|12,304.97||10,799.97||
|Taxation and social security|8,706.62||2,995.02||
|Other creditors|2.00||2.00||
|**Total**|**69,616.64**||**28,697.23**||
|**13. Creditors: Amounts falling due after one year**|||||
||**Total funds 2025**|**Total funds 2024**|||
||**£**||**£**||
|Bank loans and overdrafts|5,861.72||15,963.16||
|**Total**|**5,861.72**||**15,963.16**||
|Bank loans due after more than one year:|||||
|This balance represents the portion of the Bounce Back Loan that is repayable after more than one year from the|||||
|balance sheet date.|||||
|**14. Deferred Income**|||||
|**This year**|**Last year**||||
|Amounts received in advance for a property
32,808|0||||
|rental contract.|||||
|**Movement in deferred income account**|**This year**||**Last year**||
|||£|£||
|**Balance at the start of the reporting period**||0|||
|**Amounts added in current period**||32,808|||
|**Amounts released to income from previous periods**|||||
|**Balance at the end of the reporting period**||32,808|||
Page 1 6 of 1 8
## **15. Charity funds**
## **15.1 Details of material funds held and movements during the CURRENT reporting period**
|**Fund names**
**Unrestricted**
**funds**
Unrestricted
General Funds
**Restricted**
**funds**
Missions fund
Global
Fellowship Fund
Well Fund
**Total**|**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**
824,642.64
775,088.23
781,610.17
(2,374.38)
-
815,746.32
-
5,159.75
5,792.67
1,811.59
-
1,178.67
-
10,000.00
2,357.89
-
-
7,642.11
-
4,095.49
3,709.98
562.79
-
948.30|**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**
824,642.64
775,088.23
781,610.17
(2,374.38)
-
815,746.32
-
5,159.75
5,792.67
1,811.59
-
1,178.67
-
10,000.00
2,357.89
-
-
7,642.11
-
4,095.49
3,709.98
562.79
-
948.30|**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**
824,642.64
775,088.23
781,610.17
(2,374.38)
-
815,746.32
-
5,159.75
5,792.67
1,811.59
-
1,178.67
-
10,000.00
2,357.89
-
-
7,642.11
-
4,095.49
3,709.98
562.79
-
948.30|
|---|---|---|---|
||**824,642.64**
**794,343.47**
**793,470.71**
**-**|**-**|**825,515.40**|
Missions Fund represents funds dedicated to missions outreach.
Well Fund represents community projects to open wells in developing countries.
Global Fellowship Fund relates to a community project funded by a grant from the local authority, supporting work with elderly members of the community.
## **15.2 Details of material funds held and movements during the PREVIOUS reporting period**
|**Fund names**
**Unrestricted**
**funds**
Unrestricted
General Funds
**Restricted**
**funds**
Restricted funds
**Total**|**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**
888,310.00
691,302.90
754,970.26
-
-
824,642.64
1,291.00
-
1,291.00
-
-
-|**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**
888,310.00
691,302.90
754,970.26
-
-
824,642.64
1,291.00
-
1,291.00
-
-
-|**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**
888,310.00
691,302.90
754,970.26
-
-
824,642.64
1,291.00
-
1,291.00
-
-
-|
|---|---|---|---|
||**889,601.00**
**691,302.90**
**756,261.26**
**-**|**-**|**824,642.64**|
## **15.3 Transfers between funds**
## **This Year**
|**This Year**||
|---|---|
||**Amount**|
||**£**|
|Between unrestricted and restricted funds|2,374.38|
|Between endowment and restricted funds|-|
|Between endowment and unrestricted funds|-|
|**Last Year**||
||**Amount**|
||**£**|
|Between unrestricted and restricted funds|-|
|Between endowment and restricted funds|-|
|Between endowment and unrestricted funds|-|
Page 1 7 of 1 8
A transfer of £2,374.38 was made from unrestricted to restricted funds in the year to correct the classification of fund balances brought forward, where restricted funds had previously been included within unrestricted funds. This adjustment relates to the prior year position and does not represent a transfer of resources during the current year.
## **15.4 Designated funds**
|**This year**|||
|---|---|---|
|**Planned use**|**Purpose of the designation**|**Amount**|
|**Last year**|||
|**Planned use**|**Purpose of the designation**|**Amount**|
Page 1 8 of 1 8
## Newma 2025 Annual Report and Accounts
Final Audit Report 2026-01-30
Created: 2026-01-30 By: DIEGO ESTRADA (info@q-k.london) Status: Signed Transaction ID: CBJCHBCAABAAuOg4kfXfx0ow0SoQGF9NO75jOaKJpI7q
## "Newma 2025 Annual Report and Accounts" History
## Document created by DIEGO ESTRADA (info@q-k.london)
2026-01-30 - 15:53:10 GMT- IP address: 109.156.49.2
## Document emailed to davidravelo@cclinternational.org for signature
2026-01-30 - 15:53:16 GMT
## Email viewed by davidravelo@cclinternational.org
2026-01-30 - 16:24:41 GMT- IP address: 104.28.40.145
- Signer davidravelo@cclinternational.org entered name at signing as David Ravelo 2026-01-30 - 16:25:09 GMT- IP address: 143.58.149.163
## Document e-signed by David Ravelo (davidravelo@cclinternational.org)
Signature Date: 2026-01-30 - 16:25:11 GMT - Time Source: server- IP address: 143.58.149.163
## Agreement completed.
2026-01-30 - 16:25:11 GMT