Charity registration numbèr 1114139 (England and Wales) Company registratlon number 05760552 NEW GENERATION CHURCH TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Caladine Charlered Certified Accountants
NEW GENERATION CHURCH TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr M Monk5field Mr D Hill MsEMBox Mr B Marriott Mr O Ogunnaike Charity number (England and Wales) 1114139 Company number 05760552 Prln¢lpal addres8 New Generation C8ntre Blrkbeck Road Sldcup Kent DA14 4DJ Reglstered office New Generation C8ntr8 Birkbeck Road Sidcup Kent DA14 4DJ Independent examlner Colin Oadswell FCA FCCA DChA Caladine Limited Chantry House 22 Upp8rton Road Eastbourne East Sussex BN211BF Bankers Lloyds Bank PLC 12 Sydenham Road Lewisham London SE26 SQD
NEW GENERATION CHURCH TRUST CONTENTS Page Trustees, report statement of trustees. responsibilitias Independent examinels report statement of financial activities statement of financial posltion Noles to the flnanclal slatements 8-18
NEW GENERATION CHURCH TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements for the year ended 31 March 2025. The financial statemènts have been prepared in accordance with the accounting policies set out in note 1 to Ihe financial statements and comply with the trust's Memorandum and Artides ofAssociation, the Companies Act 2006 and "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) ObJÈctlves and actlvltlÈ8 The trust's object5 are to.. advance the Christian faith in accordance with the Ststement of Beliefs, to provide and maintsin facilitie5 for the benefit of the Gommunily of Sidcup and the surrounding neighbourhood, to further Christian education, and to relleve persons who are in Gondition of need or hardshlp or who are aged or slck. Public benefit The tru51ees have paid due regard lo guidance issued by the Charity Commission in decldlng what activlties the trust should undertaka. Achlevements and perforniance Every year running the New Generation Church Trust brings its joys. The Trustees are acutely aware that there are servants, leaders, staff and of course an Oversight team that make up the bigger picture of us as a Trust and we are so thankfvl that we have faithful people in place to carry on the work. We would not exist without them. We acknowledge these people first and foremost because they are all so valued. Each year also brings challenges. As I have said before, it's how we respond to challenge that defines the year and ourselves. There have been any number of newèr initiatives thal have resulled in the review of all Trust and employment policies. We have continued to update and change according to current legislation and these changes reflect the challenging times that we are in. In particular, it should be noted, that with extensive input, we have significantly updated our 'Safeguarding' policies. The safety of our staff, our church members and th8 community al large will always be our priority. As a Church we continue to reach out into the local communlty. Nol just through Sunday church meetings that are currently still held at the Blackfen Community Library but also through various courses, classes and interest groups either at the library or other premises. These are all very popular. Our support of local initiatives has also continued. Lark in the Park has again been warmly received in Sidcup during the summer, with significant attendance on most days. Support of our local Foodbank and Hope School has also carried on. Main 'church' meetings have been well attended and there have been significant times where the Holy Spirit has been on the move. Worship, prayer and learning from inspirational Speakers has again been at the heart of these gatherings, We continue to be a part of the Pioneer national network of Churches. Financially we have received gifls and donations over quile a few years towards 8 new building that has long been desired. Although we occupy the New Generation Cenlre in Birkbeck Road we do not own it. These received funds were given specifically so we have decided to set these aside in a separate savings account going forward. We have also commenced a project which will look at our staff salary slructure, comparing the different roles and responsibilities with olhers of similar churches. There have been changes to our membership numbers with people moving in and out of our area. We have also seen a small number of retirements and as a result our donations and gifts have slightly dropped. However general income through our faithful members has remained steady. This enables us to not only continue to support OUT main Christian initiatives but to also support smaller ones both in the UK and overseas. We are so very graleful for all the financial and sometimes sa¢rifiGial giving thal we receive. The Trust and indeed the Church would not exist without the support of our members.
NEW GENERATION CHURCH TRUST TRUSTÉES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Financial review The unrestricted fvnds show a deficit after transfers for the year of £24,737 (2024 - surplus of £12,790) leaving unrestricted funds of £95,365 at the year end. The designated funds show a surplus after transfers for the year of £nil {2024 - sUlUS of £9,000) leaving a balance of designated funds of £9,000 at the year end. There was a surplus after transfers on restricted funds of £15,726 (2024 - surplus of £7,556) leaving reslricled funds at thè balance sheet date of£112,912. Overall the Church recorded a deficit of £9,011 (2024- surplus of £29,346) Reserves policy It is the policy of the trust that unrestricted funds which have nol been designaled for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding. they will be able to continue the trust's current activities while consid8ration is given to ways in which additional funds may be ralsed. This level of reserves has been maintained throughout the year. Major risks The trustees have assessed the major risks to which the trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. structure. govemance and management The trust is a company limited by guarantee, govemed by its Memorandum and Articles of Association dated 29 March 2006 and amended in October 2009 and May 2012. The trustees, who are a150 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: Mr M Monksfield Mr D Hill MsEMBox Mr 8 Marriott Mr O Ogunnaike Recruitment and appointment of trustees Trustees are appointed by the members of the Church, and training and indudion is provided as required. None of the trustees have any beneficial interest in the company. All of the tTUStees are members of the company and all members guarantee to contribute up to £1 in the event of a windlng up. Organisation81 structure The spiritual government and leadership of the Church fellowship resides with the recognised spiritual leadership of the Church whilst the Irustees have responsibility for the proper management and administration of the Charity. ustees, report wa5 approved by the Board of Trustees. Mr arriott Trustee
NEW GENERATION CHURCH TRUST STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees, who are also the directors of New Generation Church Trust for the purpose of Company law, a responsible for preparing the Truslees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi). Company law requires the trustees to prepare financial statements for each finanaal year whith give a true and fair view of Ihe state of affairs of the trust and of the incoming Tesources and application of resources, including the income and expenditure, of the charitsble company for that year. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply ihem 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 b8en followed, sublect to any rnaterial departures disclosed and èxplained in the financial statemenls., and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the tTUSt will continue in operation. The tnjstees are r8sponsib18 for keeping adequate accountlng records that disclose with reasonable accuracy at any time the financial position of the trust and enable them to ensure that Ihe financial statements comply with Ihe Companies Act 2006. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
NEW GENERATION CHURCH TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW GENERATION CHURCH TRUST I report to the trustees on my examination of the financial statements of New Generation Church Trust (the trust) for the year ended 31 March 2025. Responsibilities and basis of report As the trustees of the trust (and also its directors for the purposes of company lawl, you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the financial statements of the trust are not required lo be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the trust's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Dlrections given by th8 Charity Commission under section 145(5)(b) of the Charities 2011. Independent examlnerf8 Statement Since the trust's gross incom8 exceeded £250,000, the Independent examiner must be a member of a body list8d in section 145 of the Charities Act 2011. 1 confirm that l am qualified to undertake the examination because l am member of the Association of Chartered Certified Accountants, whith is one of the listed bodi8S. I have completed my examination. I confimi that no matters have come to my attention in connectlon with the examination giving me cause to believe that in any material respect.. accounling records wère not kept in respecl of Ihe Irust as requlred by sectlon 386 of the Companies Acl 2006. the financial statements do not accord with those records; or the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or the financial statements 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 financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have 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 financial statemenls to be reached. Colln Dadgwell FCA FCCA DGhA Caladine Limiled Chanlry House 22 Upperton Road Eastbourne East Sussex BN211BF 03J.12.J.Ir!IS
NEW GENERATION CHURCH TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Current financial year Unrestricted Unre8tricted funds funds general deslgnated 2025 2025 Restrlcted funds Totsl Total 2025 202S 2024 Notes Income from: Donations and legacies Charilable adivities Inveslments Other income 262,817 21,096 1,789 17,148 279,983 21,096 2,171 310,955 11,451 1,282 9,000 382 Totsl Income 285,702 17,528 303,230 332,688 Expendlturg on: Charitable activities 300,939 11,302 312,241 303,342 Total expendlturn 300,939 11,302 312,241 303,342 Net Incomel(expendlture) 115,237) 6,226 19,011) 29,346 Transfers between funds 17 (9,500) 9,500 Net movement in funds (24,73n 15,726 (9,011) 29,346 Reconclllatlon of funds: Fund balances at 1 April 2024 120,102 9,000 97,186 226,288 196,942 Fund balances at 31 March 2025 95,365 9,000 112,912 217,277 226,288 All income and expendlture derive from continuing activities.
NEW GENERATION CHURCH TRUST STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Prior financial yoar unstrIcted Unrestricted funds funds gèneral designated 2024 2024 Restricted funds Totsl 2024 2024 Notes Income from: Donations Snd legacies Charilable activities Inveslments 0th8r income 294,255 11,451 510 16,700 310,955 11,451 1,282 9.000 772 9,000 Total income 3C6,216 9,000 17,472 332,688 Expendlture on: Charitable activities 284,428 18,916 303,342 Total oxponditura 284,426 18,918 303,342 Net Incomellexpenditure) 21,790 9,000 (1,4441 29,346 Transfers between funds 17 (9,000) 9,000 Net movement In funds 12,790 9,000 7,556 29,346 Reconciliation of funds: Fund balances at 1 April 2023 107,312 89,630 196,942 Fund balanc88 at 31 March 2024 120,102 9,000 97,186 226,288
NEW GENERATION CHURCH TRUST STATEMENT OF FINANCIAL POSITION ASAT31 MARCH 2025 2025 2024 Notes Fixed assets Property, planl and equipment 13 15,096 17,037 Current assets Trade and other receivables Cash at bank and in hand 14 15,638 191,292 9,995 213,419 206,930 (4,749) 223,414 (14,163) Current liabllltles 15 Net current a88ets 202,181 209,251 Total assets less current Ilabilitle$ 217,277 226,288 The funds of the tru8t Restricted income funds Unrestricted funds- general Unrestricted funds - design?led 17 19 18 112,912 95,365 9,000 97,186 120,102 9,000 217,277 226,288 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting reGords and the preparation of financial statements. The members have not required the Company to obtain an audit of its financ4al statements for the year in question In accordance with section 476. These flnancial statemenls have been prepared in accordance with the provisSons appllcab5e lo companies subject to the small companies gime. The financial statements were approved by the trustees on Mrm Trustee nksfield Marriott stee Company registration number 05760552 (England and Wales)
NEW GENERATION CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounllng policies Company Information New Generation Church TTU5I 15 a privale company limited by guarantee incorporated in England and Wales. The registered office is New Generation Centre, Birkbeck Road, Sidcup, Kent, DA14 4DJ. 1.1 Basls of preparation The financial stat8ments have been prepared in accordance with the trust's Memorandum and Articles of Association, the Companies Acl 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)" The trust is a Public Benefit Entity as defined by FRS 102. The trust has taken advantage of the provisions in the SORP for chaiities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functlonal curr8ncy of the trust. Monetary amounts in these flnanclal statements ar8 rounded to the nearest £. The financlal statements have b8en prepared under the hlstorical cost convention. The principal accounting policies adopled are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted fijnds are available for use al the discretion of the tTUStees In furtherance of their charitsble objectiV88. D8signated funds comprise funds whlch have b88n set aside at the dlscretion of the trustees for speclfic purposes. The purposes and uses of the designated funds are set out In the notes to the financial statements. Reslricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the trust is legally entitled to il after any perfomian¢e conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the trust has been notified of thè donation, unless perfomiance conditions require deferral of Ihe amount. Sncome tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or othemise if the trust has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known. the legacy is tre8ted as a contingent asset.
NEW GENERATION CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcies (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefrt to a third party, it is probable thal a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct ¢osts and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activily. Shared costs which contribute to more than one activty and support Costs which are not attributsble to a single actlvity are apportioned between those activities on a basis consistent with the use of resources. Central slaff costs are allocated on the basis of 1Sme spent, and depreciation charges are allocated on the portion of Ihe asset's use. Resources expended are recognised In the period in which they are incurred and allocated to the particular cost centre to which they relate. Expenses Include irrecoverable VAT. 1.6 Propertyi plant and equipment Property, plant and equipment are initially measured at cost and subsequently measured at cosl or valuation, net of deprerialion and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis.. Fumiture and ftxturès Office equipment AV equipment 200A Reducing balance 20% Rèducing balan 200A Reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of Ihe asset, and is recognised in the statemenl of financial activities. 1.7 Impalmient of non-currgnt assets At each reporting end date, the trusl reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assels have suffered an impaimient loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposlts held at call with banks. other short-term Ilquld investment5 wilh original rnaturities of Ihree months or les5, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities, 1.9 Flnancial instruments The trust ha5 elected to apply the provisions of Section 11 'Basic Financial Instruments, and Seclion 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recogni5ed in the trusvs balan sheet when the trust becomes party to the conlractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and setue the liability simultaneously.
NEW GENERATION CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcles (Continued) Baslc Ilnanclal assets Basic financial assets, which include Irade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where Ihe transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial Ilabllltles Basic financial liabilities, including Irade and other payables and bank loan5 are initially recognised at transaction price unless the arrangement constitutes a financing transaction, whèr8 the debt instrument is measured at the present value of thè future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate melhod. Trade payables are obligatlons to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassified as current liabilities if payment is due withln one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised Inltially at transaction price and subsequentty measured at amortised cost using the effective interest method. Derecognitlon of flnancial liabllltles Financial liabilitie5 are derecognised when the trust's contractual obligations expire or are discharged or cancelled. 1.10 Employee benofits The cost of any unused holiday entrtlement is recognised in the period in which the Èmployee's services are received. Terminatlon benefits are recognisèd immediately as an expense when the trust is demonstrably committed lo terminate the employment of an employee or to prov5de temiination benafits. 1.11 Retlroment beneflts Payments to defined contribution retlrement benefit schemes are charged as an expense as they fall due. 1.12 Taxation The trust is a charity, and in the opinion of the trustees its incoming resources are not subject to Corporation Tax. 10-
NEW GENERATION CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from donations and legacles Unrestricted Restrlctèd funds funds 2025 2025 Totsl Unrestricted Restricted funds funds 2024 2024 Totsl 2025 2024 Donations and gifts 282,817 17,146 279,963 294.255 16,700 310,955 Donations and gifts Donations and gifts Gift aid receivable 227.794 35,023 16,623 523 244,417 35,546 250,588 43,667 16,121 579 266,709 44,246 262,817 17,146 279,963 294,255 16,700 310,955 Income from charltsble activities Unrestrlcted Unrestrictod fund8 funds 2025 2024 Charltable actlvltles Activities and events Charitable rental incoma 15,848 5,248 8,317 3,134 21,096 11,451 Income from Investments Unrestrlcted Re8tr1cted funds funds 2025 2025 Total Unrestricted Restrf¢ted funds funds 2024 2024 Total 2025 2024 Interest receivable 1,789 382 2,171 510 772 1,282 Other Income Unrestricted Unrestricted funds fund5 designated designated 2025 2024 Scrappage of motor vehicle 9,000 11
NEW GENERATION CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expendlture on charitsble actlvltles Charltsble activitles Charitable activities 2025 2024 Direct costs Staff costs Depreciation and impairment Special activities, projects and events Catering and consumables Resource costs Travelling expenses Postage and stationery LicenS and subscriptions School, project Training Equipment Cleaning Sundry Lark in the Park 125,401 3,777 24,760 6,673 7,750 6,705 6,488 3,334 133 3,081 473 2,242 434 4,736 126,172 4,261 18,865 7,930 6,669 9,041 1,991 3,899 227 3,651 560 2,805 1,105 1,834 195,987 189,010 Grant funding of activilies (see note 7) 25,654 38,510 Share of support and governance costs Iseo note 8 Support Governance 88,273 4,327 71,$60 4,262 312,241 303,342 Analysis by fund Unrestricted funds - general Restricted funds 300,939 11,302 284,426 18,916 312,241 303,342 12-
NEW GENERATION CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Grants payable Charitsble activities 2026 Charitable activities 2024 Grants to institutions.. Other 13,508 24,725 Grants to individuals 12,146 13,785 25,654 38,510 Support costs allocated to actlvltles 2025 2024 Rent and ratey Insurance Utilities Repairs and maintenance Telephone Computer expenses Bank charges Govemance costs 48,384 3,171 9,943 16,943 2,500 1,202 4,130 4,327 44,006 3,386 10,578 7,477 2,334 3.363 438 4,262 90,600 75,822 Anal sed beeen.. Charitable activities 90,600 75,822 2025 2024 Governance costs comprlse: Independent examination fees Legal and professional Accountancy and independent examination 950 430 2,947 950 1,298 2,014 4,327 4,262 Net movement in funds 2025 2024 The net movement in funds is stated after chargingl(crediting)'. Fees payable for the independent examination of the charity's financial statements Depreciation of owned property, plant and equipment 950 3,777 950 4.261 13-
NEW GENERATION CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Trustses None of the trustees (or any persons connected with them) received any remuneration or benefits from the trust during the year. No Irustees were reimbursed for any expenses during the year. The total aggregate amount of unrestricted donations received frorn the truste8s and persons connected to them amounted to £13,79612024'. £17,048). 11 Employoes The average monthly number of èmployees during the year was., 2025 Number 2024 Number Employment costs 2026 2024 Wages and salaries Social security costs Other pension costs 117,704 2,404 5,293 118,908 2,365 4,901 125,401 126,172 There were no employees whose annual remuneration was more than £60,000. Remuneratlon of key management personnel The remuneration of key management personnel was as follows: 2025 2024 Aggregate compensation 58,432 53,972 12 Taxatlon The charity is exempt fram taxatlon on Its activities because all its incorne Is applied for charitable purposes. 14-
NEW GENERATION CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Property. plant and equipment Fumlturo and flxtures Offlce AV equipment equipment Total Cost At 1 April 2024 Additions 29,006 834 31,824 1,001 45,579 106,409 1,835 At 31 March 2025 29,840 32,825 45,579 108,244 Depreclatlon and impairnient At 1 April 2024 Depreciation charg8d in the year 25,459 878 26,761 1,212 37.151 1.687 89,371 3,777 At 31 March 2026 26,337 27,973 38,838 93,148 Carrying amount At 31 March 2025 3,503 4,852 6.741 15,096 At 31 March 2024 3,547 5,062 8,428 17,037 14 Trade and other rocelvable• 2025 2024 Amount8 falllng due within one year: Other receivables 15,638 9,995 15 Current Ilabllltles 2025 2024 Other taxation and social security Accruals and deferred income 1,718 3,031 2,889 11,474 4,749 14,163 16 Retlrement benefit scheme8 2025 2024 Defined contribution schemes Charge to profit or loss in respect of defined contribution 5themes 5,293 4,901 The trust operates a defined contribulion pension scheme for all qualifying employees. The asset5 of the 5theme are held separately from those of the trust in an independently administered fund. 15-
NEW GENERATION CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Restricted fund8 The income funds of the charity include the following restricted funds for donations and grants given on Irust for specific purposes.. At 1 Aprll 2024 Incoming Resources resources expended Transfers At 31 March 2025 Lark in the Park Hampers Building fund Hardship fund Asha fund Into the Future Ukraine Minibus fund Other 3,878 2,772 2,241 6,750 5,265 (4,736) 1,914 2,241 91,392 4,719 21 9,252 1,873 1,000 500 78,642 2,520 21 9,252 1,873 1,000 6,000 (3,066) (3,5001 3,500 500 97,186 17,528 (11,302) 9,500 112,912 Prevlou8 year: At 1 April 2023 Incomlng resource5 R860urc88 expended Transfors At 31 March 2024 Lark in the Park Hampers Building fund Hardship fund Asha fund Into the Future Ukraine Van fund Minibus fund 5,528 2,877 1,063 4,161 835 (4,527) (1,222) 3,878 159 5,500 {159) 3,500 68,981 4,275 21 9,252 1,573 78,642 2,520 21 9,252 1,873 (2,231) (3,500) 300 7,436 1,000 <7,436) 1,000 89,630 17,472 18,916 9,000 97,186 Lark in the Park fund Lark in the Park is an annual cornmunity festival the Church established and helps run with other churches and groups. It is now a sèparate charity. Hampers fund . these were monies given to prepare and donate Christmas hampers. Building fund this represents monies donated for property maintenance and future acquisitions of property. Induded in the fund balance is also money set aside by the Trustees from general funds. Hardshlp fund- these are monies given to the Church for the support of people in hardship. Asha fund - the Asha fund represent5 monies collected and distributed for charitable work in India. Into the Future - this is a restricted fund for monies received for special projects. 16-
NEW GENERATION CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Restrictsd funds (Continued) Ukralne fund - this is a reslrided fund for monies received for Ukraine humanitarian relief. Van fund this represents restrided donations towards the cost of a van acquired by the New Generation Community Trust and transferred to them in the year. Minibus fund - this represents a restricted donation towards the cost of a new minibus. 18 Unrestricted funds . deslgnatsd These are unrestricted funds which have been set aside by the Trustaes for a proposed fuluTe purpose. At 1 Aprfl 2024 Incoming At 31 March re8ourc08 2025 Minibus fijnd 9,000 9,000 Prevlous year: At 1 Aprll 2023 Incoming At 31 March resources 2024 Minibus fvnd 9,ODO 9,000 Minibu8 fund this represents Ihe scrappage allowance for the old minibus s8t aside as a deslgnated fund towards the cost of a new minibus. 19 Unregtrl¢ted funda The unrestricted funds of Ihe charlty comprlse the unexpended balances of donations and grants whlch are not subject to specific conditions by donors and grantors as to how they may be used. At 1 April 2024 Incoming Resources resourGe3 expended Transfer8 At 31 March 2026 General funds 120,102 285,702 (300,939) (9,500) 95,365 Previous year: At 1 April 2023 Incoming resources Resources expended Transfers At 31 March 2024 General funds 107,312 306,216 (284,426) (9,000) 120,102 17-
NEW GÈNERATION CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Analysis of not as5et3 between funds Unrestrlcted Unregtrlctsd funds funds general deslgnated 2025 2025 Restricted 'fund8 Total 2D25 2025 At 31 March 2026: Property, plant and equipment Current a5setsllliabilitiesl 15.096 80,269 15,096 202.181 9,000 112,912 95,385 9,000 112,912 217,277 Unre8tr1ctsd Unre8trlcted fund$ funds g•neral deslgnatsd 2024 2024 Restrleted fund6 Totsl 2024 2024 At 31 March 2024: Property, plant and equipment Currenl assetsllliabilit18sI 17,037 103.065 17,037 209,251 9,OOQ 97,186 120,102 9,000 97,186 226,288 21 Flnan¢lal Commltmentsi guarantees and contingont liabllttle8 The Trust has a Manse leaseback arrangement with its Pastor at a rental of £22,800 per annum determined on one months notice, 22 Related party transactions There We no disclosable related party transactions during the year {2024- none). 18-