REGISTERED COMPANY NUMBER: 05854630 (England and Wale$)
REGISTERED CHARITY NUMBER: 1116023
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
FOR
NEW COMTrtUNITY C
E LONDON
Chariot House Lirnited
Chartered Accountants
44 Grdnd Pardde .
Brighton
East Sussex
BN2 9QA

NE
MMUNITY
HSELO
COIYTENTS OF THE FI
ANCIAL STATE
FOR THE YE
NDED 31 AUG
T 2024
TS
Page
Report of the Trustees
Independent Examiner's Report
Stat¢mellt of Finanelal Activities
Balance Sheet
Cash Flow Ststement
io
Noto8 to the Cash Flow Statement
Not¢s to the Financial Statements
12 to 22

WCOM
ITY CHU
E LONDO
IsrERED
ER: 05854
PORT OF THE TRUSTE
R THEYE
EM)ED 31 A
ST 2024
The truste￿ who are also directors of the charity for the purposes of the Companies Act 2006, present their report with
the financial 5tstements of the tharity for the yfdr ended 31 August 2024. The tNstees have adopted the provisions of
Accounting and Reporting by Charitie5: Statement of Rgcommended PrdGtic¢ applicable to charities preparing their
accounts in accordance with thc Financial Reporting Standard applicable ill the UK 2nd RepubEic of Ireland (FRS 102)
(effecttve l January 2019).
ORJEcfivES AND ACTIVITIES
Objectives and aims
The objectives of the Charity, in arwrdance with the MemoTandum of Association, are:_
The advancement of the Christian faith. and
- The furtherance of the work of the Charity by the advanrement of such other tharitable purposes a5 the Twstees shall
from time to time deGide.
Public benefit
The Trustees have reviewed the Charity Commission's guidance on public benefit. We believe the impact of the
Christian faith should extend beyond the church walls, bringing hope and transforniation to the wider community. The
message of Jesus offers good news not only to our members but to everyon¢ around us, with the power to positively
impact lives both spirituaIly and practically.
Because we believe in a God who loves all people unconditionally> we wamily welcome anyone to attend our services,
courses, and groups. Our Se￿1¢e8 are open to au, providing genuine benefit to everyone who engages with them.
regardless of whether they choose to become Christians. We are committed to offering support that enriches individuals
and contributes posltively to society as a whole.
Pagc I

NEW
MUNITY C
RCHSELO
GIST
D NUMBER: O
PORT OF THE TRUSTEES
FOR THE
ENDED 31
UST 2024
STRATEGIC REPORT
Achievement and performance
Charitable activities
Church Venues
Attendance at our thrEe meetings in SidGup and Eltham continued to grow. experiencing an inGre&8e of over ￿/0.
Additionally, 25 individuals were baptised, and w¢ welcomed 24 new Members who successfully completed our DNA
membership coursc.
We also maintained our use of St. Andrew'5 Church in Albany Park, where we ran a youth cafe and Box Fit cl&sses for
local children. Th¢se initiatives quickly gained popularity, rcinforcing our engagement with the local community.
Ministries
Youth
The weekly youth community continued to have 30 to 40 young people attending from all our services. A significant
development was our strengthened connections with other church youth groups. We hosted several worship nights.
fostering relationships between our youth and young Christians from neighbouring Churches. Additionally, we took 10
Year 13 students to Brazil in partnership with Agape Church. Newday, the annual youth festival, was also a highlight,
with nearly 70 youth attending.
Studellts
The year began with a Freshees Fair at Rose Bruford College's Freshers, where students were invited to ty Ghurch and
which led tr) a significant number of first-time attendees. Throughout the year, a strong student community was
established, including S￿dents from both Rose Bruford and Bird College, marking a breakthrough for Bird College
students. Several students joined serving teams, four students were baptised and we had a huge turn out for the
Christmas event. By year-end, 26 students had attended ¢hur¢h, with a committed core group regularly following Jesu
serving, and participating in community.
Social Actio
Play Cafe
Play Café remained a popular place for parents and carers of children aged 04, attracting 40-50 adults each week. We
focused on building relationships and explored ways to offer support or introduce the parents to the church. During the
year the team received training on the Alpha Course, and we began offering a weekly English class to support an Iraqi
r¢￿ee, This initiative woved successful, leading us to plan an expansion of the Glasses in September.
ve Bexlry
Amid th¢ ongoing cost of living Grisis, Love Bexley continued to serve as a trusted distributor of the Bexley Household
Support Fund. From 1st July 2023 to March 2024. we received £50,000 from the council which enabled us to meet the
needs of over 200 families. then in April 2024 wc re￿iVed a further £20,000 which sUPPOrted over 90 famili¢s. Items
ranged from beds, white goods and cookeT5 to heating and food vouchers.
Foodbank
Bexley Foodbank, part of The Trussell Trust, operdtes a distribution centre from New Community
Church. Increasing again this year, 479 food vouchers were fulfilled. and as a church we donated 1,661kg of food. In
addition, the Sxdcup venue continued lo'be a drop off point and more than I1.155kg of food .and toiletry items were
donated from the community.
Extsrnal SU
ort:
As a church, we fmancialEy supported a number of Charities on a monthly or annual basis, including..
New Ground, the family of churches that we belong to that is committed to raising leaders, impacting Gommunities,
planting churches and reaching nations.
Power the Fight. which exists to empower ¢ommunities to end youth violenGe by working with young people,
families, schools, local authorities, faith groups and community organisations who want to be equipped to engage with
youth violence issues in their context.
Page 2

MNIUNI
HURCH S E
DON
REGI
D NUMBE
4630
REPORT OF THE TRUSTEES
FOR THE Y
R ENDED 31 A
UST 2024
- Unreaeh¢d Network, which exists to cfrordinate b&8t practice in cross-culturai mission across the global Newfrontiers
network of churchcs.
- Jubilee Plus, which equips churGhe5 to change the lives of those in povty in their communities.
John 3:16 Trust, which exists to help to see the gos￿1 preache￿ the sick healed. the faith defended, the saints
equipped, believe rs taught and to write books in such a way as to advance the Christian faith.
- Compassion, whith works to end child povety by connecting thildren in need with local churches who Ca￿ for them
by fighting malnutrition, offering medical care and more.
- IntsrnatiollAI Justice Mission. h&s a mission to protect people in povety from violence by rescuing victitns, bringing
criminals to jlLStic4 restoring survivors to safety and strength. and heIping local law enforcement build a safe future that
1&8ts.
Financial review
Financial position
The Charity derives the majority of its income from voluntary donations and associated income tsx recovery in r¢sp¢rt
of "gift aid" donations. During this accounting period, 99 percent of income came from this source and a further I
percent of income ¢ame from non-budgeted activty and interest on ￿ deposits.
Reserves policy
The Trustees, Reserves Policy is to hold reserves of three months. turnover to be prudent. During this a¢¢ounting period
reserves were consistently in excess of this amount, and at year end unrestrictsd re5crves were £1,290,305.
Designated reserves of £435,529 represent the acquisition and development cost of the premises of the charity, 24
Ststion Road, reducing on an annual basis through related depreciation. The Year￿nd balance for total designated
rcsetves was £513,988.
Key Management remuneration:
The total remuneration for Key management personnel was £290,305 (2023 - £237,674).
Impa¢t on f￿AnceS
Gifts
Gifts to external organisations and individuals are considered by the Elders and Trustees on the basis of need and
fi￿filment of charitsble objectives. There is no upper limit of suppo
SERIOUS INCIDENT
In OGtober 2023, New Community Church was victim to a sophisticated online cyber frdud, to which we lost £285,000.
resulting in the submission of a serious incident report to the Charity Commission. Of the total stolen, £145,076.84 was
recovered and r¢funded within a few month5 by Barclays. We instrncted Tene and Associates Solicitors to act on our
behalf in filing a complaint with the Financial Ombudsman Service (FOS) regarding Barclays atLd their handling of both
the initiaI frdud incident and the subsequent follow-up.
As a result of the FOS investigation, BarGlays made an offer to resolve the complaint. This offer was prdyerfully
)nsidered by the elders and trustees who unanimously agreed to go back to Barclays with a counteroffer and an upward
negotiation with the hope of receiving as much of the outstanding as possible. However. frjllowing BarGlays' response to
our offer and advice from our legal team in consultation with the FOS investigator. we settled the claim, accepting an
off¢r of £69,691.58 plus 1.5D/o interest. Therefore the total amount recovered and returned to New Commurtity Church
W&8 £216,251.72. Immediately following the frau￿ intgrnal reviews were undertaken on a number of areas inGluding
cybersecurity and financial processes. to ensure all systems, int¢mal processes and procedures were fit for purpose. The
rc5ulting recommendations continu¢ to be regularly evaluated by the management team, under the governance and
direction ofthe Trustee Board.
Page 3

NEW CO
ITY CHURC
NDON
RED NUMBER: O
REPORT OF THE TRUSTEES
R THE YEAR
ED 31 AUGUST
STRATEGIC REPORT
Future plan5
The Sunday 10:30am meeting in Sidcup has experienced steady growth over the past few years. and we now
stepping into an exciting new season. In response to thi5, later in 2025, we will be multiplying into two morning
meetings, creating more space for people to encount¢r God and be part of our church family. This development marks a
significant Step forward for the church, pmviding greater OPFKJrtunity for growth and engagement. As part of this
transition, every team will need to expand. and the congregation will be encouraged to take on new roles in serving. This
move represents both a faith challenge and an exciting opportunity to build a stronger, more connected church
community.
We were excited to welcome two new elders recently, further strengthening th¢ leadership team for the Eltham
COn￿gation. Both the Sidcup afternoon and Eltham meetings are thrivin& with increasing attendance and a deepening
sense of community. As we experience this momentum. we are actively exploring what multiplication could look like for
th¢se congregations.
Following the internal reviews, we made the stratsgi¢ decision to outsource our finances and HR and appointed
organisations to oversee this. This mov¢ aIlow¢d us to streamline operation8 ensu￿ compliance with best practices, and
fre¢ up our team to focus on ministy and mission. By leveraging extemal expertise, we will be able to enhane
efficiency. improve finanGial stewardship, and provide batsr support ftlr our staff and congregation. Additionally, we
have begun the process of restructuring our staff tsam to bring greatsr clarity to roles and responsibilities, ensuring a
stronger foundation for the future.
In January 2025. it was aTmounced that lames Silley, the leader of New Community ChurGb, will step into the leadership
of New Ground Churche5 from July 2025. This is an exciting new chapter, strengthening New Community Chur¢h's
conn¢ctions with the nations while bringing fresh vision and energy to New Ground.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Constitution
New Community is registered as a charitable company limited by guarantee ar￿ was set up by a Memorandum of
Association, Charity number 1116023, Company number 5854630. Registered address is 24 Station Road, sid￿p1
DA15 7DU.
Recruitment and appolntment of new trustees
The Trustees of the charity are also Directors of the charitable company. The management of New Community is the
responsibitity of the Trustees who are elected and co-opted under the ternis of the Memorandum and Articles of
AssoGiation. Truste¢s 8re recruited from within the church mCmb￿ship and they receive induction training and are kept
up to date with inforniation that is relevant to managing a charity and a voluntary organisation. Included withln the
agenda for eath Trustee meeting, is a Governance item drawing attention tr) relevant items from the Charity
Comtnission's website, including the wider lesson5 frnm Inquiry Reports. These are included to help train. develop and
maintain the competence of the Trustees.
Page 4

NEW
NITY CH
DON
KGI
D NUMBER: 0585
REPORT
THE TRUSTEES
THE YEAR EIYDED
I AUGUST 2024
STRUCTURE, GOVERNANCE AND MANAGEMENr
OrgAnisationAI structure
The Trustees are responsible for the management and athninistration of the Charity and its &ssets along with ensuring the
income of the Gharity fi￿berS the charitable objects.
The Elders are responsible for setting and overseeing the strategy, vision and spiritual leadership of the church. EldeTS
ar¢ rewgnised and appointed on the b&sis of the biblicaI requir¢ments for Eldership.
The Eldership Team compri5¢S:
James Silley
Lead Elder (staffj
Jon Brown
Elder (staffj
Nemi Inimgba
Elder (non-staff)
Dayo Kolajo
Elder (non-staff)
Reuben Lyons
Elder Ooined staff team on 1st January 2024)
Joe Symeou
Elder (staft)
The Eldership tsam is supported by the New Community staff team and many volunteers who a5SiSt in the general
day-to-day running of the charity and the variou5 ministries and ev¢nts that are run.
Inductlon and trAining of new trustees
When considering new Trustee appointments the Elders and existing Trustees select prospective new members based on
their Christian experience and prnfessional skill set.
The Agenda for each Trustse meeting includes a Governance item drawing attention to relevant items from the Charity
Commission's website, including the wider lessons from the Inquiry Reports. These are included to help train, develop
and maintsin the competsnce of the Tnthes.
Key management remuneration
The totaI remuneration for Key Management Personnel was £237,674 (2022: £253,025).
Risk management
The Trustees are responsible for ensuring all the major risks to the church are reviewed and assessed on a regular basis.
A risk management register h&8 been completed and is reviewed regularly along with all policies and procedures that are
in place, covering areas such as safeguarding and financial procedures.
REFERENCE AND ADMINISTRATIVE DETAILS
ReEiStered Company number
05854630 (England and WaIes)
Registered Charity number
1116023
Registered office
New Community Church Centre
24 Station Road
SidGup
Kent
DA15 7DU
Trustees
T Adeleyc
P Makambe
L O O Johnson
M Aiyeola
C M Crozier (resigned 31n12024)
N J Lewis
Page 5

NEW commuN￿y CHUR
H S E LONDON
EGISTEBED NUIVIBEIL. 05854630
REPORT OF THE TR
TEES
FOR THE YEAR ENDED 31 AUGUST 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Dr Shona F Wardrop C.A.
Chariot House Limited
Chartered Accountants
44 Grand Parade
Brighton
East Sussex
BN2 9QA
Banker5
Barclays Bank PLC
76A New Road
Gravesend
DAII OAF
Report of the trustees, i
directors, on ................ .. ..
ratin
a strategic repor¢ approved by order of the board of twstees, as the company
. and signed on the board's behalf by:
T Adeleye- Trustee
Page 6

INDEPEND
NKW CO
EXAMINE
Nrry CHURC
EPORT TO TH
E LONDON
STEES OF
Independent examiner's report to the trustees of New Community Chureh S E London ('the CompAny')
I report to the charity trustees on my examination ofthe accounts of the Company for the year ended 31 August 2024.
Re5ponsibiliti¢s 2nd basis of report
As the charitys Iw5tee5 of the Company (and a150 its directors for the purposes of cornpany law) you are responsible for
the preparation of the accounts in accordance with the requirements of the Cornpanies Act 2006 ('the 2006 Acv).
Having satisfied myself that the accounts of the Company are not reqUI￿d to be audited under Part 16 of the 2006 Act
and are eligible for independent exatnination, I report in respect of my examination of your charity's accounts as carried
out under Section 145 of the Charities Act 2011 (Ihe 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
SinG¢ your charity's gr05s income exceeded £250,000 your examiner must be a member of a listed body. I can confimi
that I am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants of
Swtland, which is one of the listed bodies.
I have completed my examination. l Confirm that no matters have come to my attention in ¢onn¢ction with the
examination giving me cause to believe:
awunting reci)rds were not kept in respect ofthe Company as required by Section 386 of the 2006 Act. or
the wKounts do not accord with those records. or
the accounts do not comply wilh ihe a￿OUntIng 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
the accounts have not been prepared in a￿ordanCe with the methods and principles of the Statement of
Recommended Prartice 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 Treland (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 ac￿Ullts to be reached.
Dr Shona F Wardrop C.A.
The Institute of Chart¢red Accountants of Scotland
Chariot House Limited
Chartered AGcountaTJts
44 Grand Parade
Brighton
East Sussex
BN2 9QA
Page 7

COMMU
CHURC
LONDON
STATEMENT OF F
ANCIAL ACTIVITI
FOR THE YE
R ENDED 31 AU
T 2024
2024
Total
nds
2023
Total
funds
Unrestricted
fund5
Restricted
funds
Notes
INCOME AND ENDOWMENfs FROM
Donations and legacies
876512
21.232
897,744
874,840
Cbarttable activitie5
Build Local Church
External Ministry
41.786
317
45,483
1,285
87,269
1,602
72.748
Inv¢stment income
13,370
13,370
5.691
Totsl
931,985
68,000
999,985
953,279
EXPENDITURE ON
Charitable activitie5
Build Local Church
External Ministy
s￿la1 Aotion
952,748
7,516
24,102
70.187
1,022,935
7,516
25,388
917,481
1,340
5,300
1286
Total
984,366
71,473
1,055,839
924,121
NET INCOMEI(EXPENDITURE)
{52J81)
(3,473)
(55,854)
29,158
RECONCILIATION OF FUNDS
Totsl funds brought forward
lJ43,186
55.390
1,398,576
1,369,418
TOTAL FUNDS CARRIED FORWARD
1,290,805
51,917
1,342,722
1,398576
The notes fonn part of these fllianGial statements
Pagc 8

MNtUNITY CHURCH S E LO
GISTERED NUIVIBER: 0585
BALANCE SHEET
31 AUGUST 2024
2024
Total
fi￿dS
2023
Total
fimds
Unrestricted
fimds
Restricted
fi￿dS
Notes
FIXED ASSETS
Tangible assets
12
485,010
485,010
510,841
CURRENT ASSETS
Debtors
C&sh at bank aud in hand
13
106290
721299
106,290
773,224
22,459
952,402
51.925
827,589
51,925
879,514
974,861
CREDITORS
Amounts falling due within one year
14
(21,794)
(8)
(21,802)
(87,126)
NET CURRENT ASSETS
805,795
51,917
857,712
887,735
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,290,805
51,917
1,342,722
1,398,576
NET ASSETS
1,290,805
51,917
1,342,722
1,398,576
FUNDS
Unrestricted funds
Restricted funds
15
1,290,805
51,917
1,343,186
55,390
TOTAL FUNDS
1,342,722
1,398,576
The charitable cornpany is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year
ended 31 August 2024.
The members have not required the company to obtain an audit of its fmancial statements for the year ended
31 August 2024 in accordance with Section 476 of the Cotnpanies Act 2006.
The trustees aclinowledge their responsibilities for
(a)
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the
Companies Act 2006 and
preparing fmancial State￿entS which give a true and fair view of the state of affairs of the charitable company as
at the end of each fmancial year and of its surplus or defLCit for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act
2006 relating to fmancial statetnents, so far as applicable to the clwitable company.
(b)
The f￿a
ial
ents were approved by the Board of Trustees and authorised for issue
. and w¢r¢ signed on its behalf by:
on
T Adeleye - Trus
ee
The notes fonn part of these fmancial statements
Page 9

NEW COM
TY CHURCH S
CASH FLOW S
TEMENT
FORT
YEAR ENDED 31 AUG
T 2024
2024
2023
Notes
Cash flow5 from operating activities
Cash generated from operations
(163,522)
148,222
Net cash (used inyprovided by operating activitie5
(163,522)
148222
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
(15,656)
(34,592)
473
Net cash used in inv¢sting activitie5
(15,656)
(34,119)
Change lu cash alld cash equivalents in
the reporting period
Cash and cash equivalents at the
beginnlng of the reporting period
(179,178)
114,103
952,402
838299
Cash and cash equivalents at the end of
the reporting perlod
773,224
952,402
The notes forn] part of these financial statements .
Pag¢ 10

IYEW COM
TY CHU
E LONDO
NOTES TO
FOR THE
HE CASH FLO
EAR EM)ED 3
ST ATEME
UST 2024
RECONCILIATION OF NET (EXPENDITUREYINCOME TO NET CASH FLOW FROM
OPERATING ACTIVITIES
2024
2023
Net (expenditure)lincome for the reporting period (as per the
Statement of Finallcial Activities)
Adjusttnents for:
Depreciation charges
(Increaseydecrease in debtors
(Decrease)lincrea5e in ¢reditors
(55,854)
29,158
41.487
(83,831)
(65.324)
40,560
10,509
67,995
Net cash (used inyprovtded by operations
(163,522)
148,222
ANALYSIS OF CHANGES IN NET FUNDS
At 119123
Cash flow
At 3118124
Net cash
Cash at ballk and in hand
952,402
(179,178)
773,224
951402
(179,178)
773,224
Total
951402
(179,178)
773,224
The notes form part of these financial statements
Page 11

COMllfU
Y CHURC
E LONDO
NOTES T
THE FINANCIAL STATEMENTS
FORT
E YEAR END
D 31 AUGUST 2024
ACCOUNTING POLICIES
Ba515 of preparing the financial stalemeDts
The financial 5tstements of the charltable company, which is a public benefit ￿ltity under FRS 102, have been
prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement
of Recommended Practice applicable to charities preparing their acwunts in accordance with th¢ Financial
Reporting Standard applicable in the UK and Republic of I￿land (FRS 102) (effective l January 2019),,
Financial Reporting Standard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of
Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost
nvention.
The Truste¢s consider that ther¢ are no material uncertainties about the charity's ability to continu¢ as a going
concem.
The charity meets the definition of a public benefit entity as defined by FRSIO2.
The fJnan¢ial statements are prepared in sterlin& which is the funrtional currency of the entity and are rounded to
the nearest pound.
Crftical accounting judgements and key sources of estlmation uncertainty
In the application of the charity's acwunting policies, the Charity is required to make judgments, estimates and
&ssumptions about the carying value of assets and liabilitie5 that are not readily apparent from other sources.
The estimates and associated assumptions are based on historical experience and other factors considered to be
relevant. Actual results may differ from these estimates.
There are no estimates and &8sumptions that ar¢ consid￿ed to have a significant risk of causing a material
adjustments to the financial statements in a future period.
Income
All incorne is recognised in the Statement of Financial Activities once the charity has entitlement to the funds. it
is probable that the income will be received and the amount can be measured reliably.
Expendlture
Liabilities are recognised as expenditure as soon &8 there is a legal or constrnctive obligation committing the
charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has
been ¢las$ified under headings that aggr¢gate all cost related to the category. Where costs cannot be dir¢rtly
attributed to particular headings they have been allocated to activities on a basi5 consistent with the use of
resources.
TAngible rued assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
Freehold property
Fithres and fittings
Computer equipment
Strdight ling over 25 years
Straight line over10 years
Straight line over 4 years
Taxation
The Charity is considered to pass the tests set out in Paragraph I Schedule 6 Finance Act 2010 and therefore it
meets the definition of a charitable company for UK CotTM)ration T&x purposes. Accordingly the Charity is
potentially ￿eMpt from tsxation in respect of income or capital gains received within categories covered by
Chapter 3 Part I I Corporation Tax Act 2010 or Sethion 256 of the T&xation of Chargeable Gains Act 1992. to
the extent that such income or gains are appli¢d ¢xclusively to Gharitable purposes.
Page 12
continued...

NE
RCHSELO
TES TO THE FINANCIAL STATEMENTS- continued
FOR THE YE
ENDED 31 AUG
T 2024
ACCOUNTING POLICIES- continued
Fund accounting
Unrestrirted fund5 can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictrd funds can only be used for particular restricted purposes within the objects of the charity. Restrictions
arise when specified by the donor or when funds are raised for particular re5triGted purposes.
Further explanation of the nature and pU￿oSe of eath fijnd is included in the notes to the financial statem￿.
Pension costs and other post-rctirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable
mpany's pension schem¢ are charged to the Stalement of Financial Activities in the period to which they relate.
Basic financial instruments
The charity has only financial assets and fJnanGial liabilities of a kind that qualify as basic financial instruments.
Basic f￿￿n¢la1 instNments are initially recognised at transaction value and are subsequently measured at their
settlement value with the exception of bank loans which are measured at amorti5¢d Cost using the effective
interest method.
DONATIONS AND LEGACIES
2024
2023
Fellowship fund
Offerings & wvenanted income
T&x r¢coveries
21,231
741,082
135,431
8,106
731.256
135,478
897,744
874,840
IESTMENT INCOME
2024
2023
Investment income
13,370
5,691
INCOME FROM CHARITABLE ACTivrr
2024
2023
Build
Local
Church
External
Ministry
Total
activitlC5
Total
activities
Build local churGh
ExtenwE Ministy
Grdnts
42,269
42,269
1,602
45,000
30,759
1,989
40,000
1,602
45.000
87.269
1,602
88,871
71748
Page 13
continued...

HURCH
NDON
OTES
R THEYE
E FINANCI
R ENDED 3
TATEMEN
GUST 202
- eontinu
INCOME FROM CHARITABLE AcrIvrriES- continupAI
Grdnts received, included in the above, are as follows:
2024
2023
London Borough of Bexley
45,000
40,000
CllAR￿ABLE ACTIVITIES COSTS
Direct
Costs (see
note 6)
Support
costs (see
note 7)
Totals
Build Local Church
Exten￿1 Ministy
SociaI Adion
517,572
7,516
9,583
505,363
1,022935
7,516
25,388
15,805
534,671
521,168
1,055,839
Included in expenditure on Charitable Activities is an exceptional cost of £69,962. ￿ October 2023, New
Community Church was victirn to a sophisticated online cyber frdud, to which the charity lost £285,000. The
charity has been able to recover £216,252 of this loss.
DIRECT COSTS OF CHARITABLE AcrivrriES
Donatlons to Charitable Causes
Included in Gifts and Donations of £74,407 were the following donations paid to charitable cause5 during the
New Ground Churohes
Power the Fight
Jubilee Plus
Catalyst Network of Churches
John 3,.16 Trust
Newday Generation
Evangelical Alliance
48,1)00
2,400
2,400
1400
1200
800
450
Page 14
continued...

EWCO
NITY C
HSELOND
TES TO THE FINANCIAL STATEII(ENTS-
FOR THE Y
RENDED 31
GUST 2024
SUPPORT COSTS
Management
Build Local Church
Social Action
505,363
15,805
521,168
NET INCOMEI(EXPENDITURE)
Net incornel(expenditurc) is stated after chargingl(crediting):
2024
2023
Depreciation- owned a5S¢ts
Independent examination
41,487
3,120
40,560
3,000
TRUSTEES, REMUNERATION AND BENEFJTS
There were no trustees, remunerntion or other benefits for the year ended 31 August 2024 nor for the year ended
31 August 2023.
No Trustees were remunerated during the year to 31 August 2024. tn 2023, Mrs M Lyons w&s a trustee until 17
July 2023. Between I September 2022 and 17 July 2023 she received a salary of £39,728 together with
contributions into a pension scheme of £3,973. No other Trustees directly received remunerdtion or benefft from
the charity during the period.
Trustees, expenses
The charity paid for £135 of board expenses during the year to 31 August 2024. Reimbursement of expenses
amounting to £ML (2023: £29) was paid to no (2023: 1) Trnstees.
io.
STAFF COSTS
2024
2023
Wages and salaries
Social security costs
Other pension costs
471,348
37,157
34.827
411,756
30,942
31,555
543,332
474,253
The average monthly number of employees during the year w&s as follows:
2024
19
2023
18
Pastors and administration
Pag¢ 15
continued...

OM
HURCH S E
NOTES T
THE FINANCIAL STATEME
R THE YEAR E
I AUGUST 2024
ontinued
io.
STAFF COSTS - continued
The number of employees whose employee bgnefits (excluding employer pwsion costs) exceeded £60,000 w&s:
2024
2023
£60,001- £70,000
£70,001- £80,000
ii.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES
Unrestricted
funds
RestriGtsd
funds
Total
fund5
INCOME AND EIYDOWMENTS FROM
Donations and legacies
859,278
15,562
874.840
Charitable activltles
Build Local Church
30,648
42,100
72,748
Investment income
5,691
5,691
Total
895.617
57,662
953279
EXPENDrruRE ON
Charltable activities
Build Local Church
External Ministy
Social Action
874,156
1,340
5,300
43,325
917.481
1,340
5.300
Total
880,796
43,325
924,121
NET INCOME
Transfers between funds
14,821
2,801
14,337
(2,801)
29.158
Net movement in funds
17,622
11,536
29.158
RECONCILIATIOIY OF FUNDS
Total funds brought forward
1.325.564
43,854
1,369,418
TOTAL FUNDS CARRIED FORWARD
1.343.186
55,390
1,398,576
Page 16
continued...

NEW
TYC
HS.EL
TES TO THE FtNANCtA
FOR THE
R EfsDED 31
TATEMEYrs-
GUST 2024
ntinued
12.
TANGIBLE FIXED ASSETS
Fixtures
Freehold
pNTrperty
Computer
equipment
fittings
Totals
COST
At I September 2023
Additions
Disposals
892.gll
76.955
1,584
(2,045)
53,989
14,072
1,023,915
15,656
(2,045)
At 31 August 2024
892,971
76,494
68,061
1.037,526
DEPRECIATION
At I September 2023
Charge for year
ElimiDat¢d on disposal
426,128
31,312
39,509
6,025
(1045)
47,437
4,150
513,074
41.487
(2,045)
At 31 August 2024
457,440
43,489
51,587
552,516
NET BOOK VALUE
At 31 August 2024
435,531
33,005
16,474
485,010
At 31 August 2023
466,843
37,446
6,552
510,841
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtors
Other debtors
Prepayments and accrued income
12
883
105,395
562
21,897
106,290
22,459
tncluded in Prepayments and accrued income for year ended 31 August 2024 is £69,962 aCcn￿d income relating
to the amount of the fraud that the charity was able to recover in December 2024.
Page 17
continued...

MMU
HURCH S
LONDON
NOTES TO THE FINANCIAL STATEMENfs- t
FOR THE YE
ENDED 31 AU
ST 2024
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade creditors
Social security and other laxes
Accruals and d¢f¢rred income
7,100
10,387
4,315
67.731
13,108
6,287
21,802
87.126
Is MOVEMENf IN FUNDS
Net
movement
in fund5
At
3118124
At 119123
Unrestricted funds
General fund
Designated Building Fund
Designated Building the Mission
Designated Offering Fund
Designated Gifts Fund
829,265
466,840
18,257
5,824
23,000
(54,449)
(31,312)
(18,257)
51,637
774,816
435,528
57,461
23,000
1,343.186
(52.381)
1290,805
Re5trictsd funds
Fellowship Fund
Building the Mission
IJM
Eltham venue
Students
Welling Venue
Love Bexley
Gift Day 2021
Wedding Gift
Equipment for Youth
London Borough of Bexley
Welling Youth Cafe
The Bridge Youth Cafe
Social Action - Christmas Gift List
17,370
4,000
382
3,028
1,708
6,092
2,237
3,000
550
500
15,379
500
500
8,670
(4,000)
26,040
382
2,926
1,708
6,009
2,237
3,000
550
(102)
(83)
(500)
(7,320)
(500)
363
(i)
8.059
863
143
55 J90
(3,473)
51,917
TOTAL FUNDS
lJ98.576
(55.854)
1,342.722
Page 18
continued...

NEWC
HSELO
NOTES TO THE FINANCIAL STATEMEI¥4TS- ton
FOR
HE YEAR ENDED 31 AUGUST 2
24
15.
MOVEMENT IN FUNDS - tontiDued
Net movement in funds. included in thc alK)ve are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
Designated Building Fund
Designated Building the Mission
Designated Offering Fund
876,366
(930,815)
(31,312)
(18,917)
(3,322)
(54,449)
(31,312)
(18.257)
51,637
660
54,959
93 l.985
(984,366)
(52,381)
Restrictsd fwids
Fellowship Fund
Building the Mission
Eltham venue
Welling Venue
Equiprnent for Youth
London Borough of Bex]ey
Welling Youth Cafe
The Bridge Youth Cafe
So¢iaL Action - Christmas Gift List
21.232
(12,562)
(4,000)
(102)
(83)
(500)
(52,320)
(500)
(120)
(1,286)
8,670
(4,000)
(102)
(83)
(500)
(7,320)
(500)
363
(i)
45,000
483
1,285
68,000
(71,473)
(3,473)
TOTAL FUIWS
999,985
(1,055,839)
(55,854)
Page 19
continued...

NEW
ITYC
HSELO
TES TO THE FIIYANCIAL STATEMENTS- cfjnti
FOR
YEAR EIYDED 3
GUST 2024
15.
MOVEMENT IN FUNDS - tontinued
CompArative5 for movement in funds
Net
movemcnt
in funds
Transfers
between
funds
At
3118123
At 119
Unrestrieted funds
General fund
Designated Building Fund
Designated Building the Mission
Designated Offering Fund
Designated Gifts Fund
773,815
485,438
39,577
3,734
23,000
65,033
(30,982)
(21,320)
2.090
(9,583)
12,384
829,265
466,840
18257
5,824
23,000
1.325,564
14,821
2,801
1.343,186
Restricted funds
Fellowship Fund
Building the Mission
IJM
Eltham venue
Students
Welling Venue
Love Bexley
Gift Day 2021
Wedding Gift
Love Offering- Tony & Jenny Dark
Offering Ukraine 2022
Equipment for Youth
London Borough of Bexley
Welling Youth Caft
The Bridge Youth Cafe
Social Aotion- Chrtstmas Gift List
17,594
4,000
382
3,724
1,740
7,000
2,137
3,000
550
2,945
282
500
(224)
17,370
4,000
382
3,028
1,708
6,092
2,237
3,000
550
(696)
(32)
(908)
loo
(2,945)
(282)
500
15,379
500
500
144
15,379
500
500
144
43,854
14,337
(2,801)
55390
TOTAL FUNDS
1,369,418
29,158
1,398,576
Page 20
continued...

COMM
HSELONDO
NOTES TO
FOR THE Y
E FINANCIAL STATEME
R ENDED 31 AUGUST 2024
- Continued
MOVEMENT IN FUNDS- continued
Comparative net movement in funds. included in the above are as follows:
Incoming
resources
Resources
¢xpended
Movement
in funds
Unrestricted funds
Generdl fund
Designated Building Fund
Designated Building the Mission
D￿ignated Offering Fund
843,412
{778,379)
(30.982)
(21,600)
(49,835)
65,033
(30,982)
(21.320)
2,090
280
51,925
895,617
(880,796)
14,821
Restricted funds
Fellowship Fund
Eltham venue
Students
Welling Venue
Love Bexley
Offering Ukraine 2022
LAJndon Borough of Bexley
New Ground
Welling Youth Cafe
The Bridge Youth Cafe
8,107
(8,331)
(696)
(1,032)
(908)
(224)
(696)
(32)
(908)
loo
(282)
15379
1,000
loo
(282)
(24,621 )
(7,455)
40,000
7,455
500
500
500
500
57,662
(43,325)
14,337
TOTAL FUNDS
953,279
(924,12L )
29,158
Designated Funds
Building fund - The building fvnd is an unrestricted fund designated by the Trustees and r¢lates to the cost of the
premises Currently owned, plus its fixthres and fittings, less depreciation
Building the mission- funds to be used for the putP05e of building the mission ofNew Community Church
Offering fund - Donations made Since 2019120 with the specific purposes of giving it away to support Charities
including IJM and River of Life
Gift from AJ Phillips - to be used at the discretion of the Elders
Restrieted Funds
Fellowship fund - funds to be used to assist those within the church who are suffering from hardship or are in
need
Building the Mission - funds to be used for the puryjosc of building the mission of New Community Church
how is this different to the designated fund aboveg
IJM- funds given to be passed onto the Gharity International J￿tice Mission
Eltham Venue- funds given to be used specifically frir the Elthaln Venue
Welling Venue- funds given to be used specifically for the Welling Venue
Love Bexley - fjJnds given lo be used by Love Bexley to provide items for those refe￿ed by frontlin¢
professionals
Gift Day 2021- A special offering given by church member to be passed onto New Ground
Wedding gift- A gift to help fund the wedding costs of those who cannot afford a wedding
Group I1-18s- A donation for trips or equipment for Youth
London Borough of Bexley Household Support Grant - A government scheme of funds given to be used in th¢
forni of white goods, furniture and vouGher5 to th05¢ in need in Bexley
Welling Youth - Funds given to be spent on the youth café based in Welling
Albany Park Youth- Funds given to b¢ spent on the youth café based in Albany Park
Page21
continued...

OMMUNITY C
E LONDON
NOTES TO
HE FINANCIAL STATEME
YEAR ENDED 31 AUG
24
16.
RELATED PARTY DISCLOSURES
There were no related party transactions for the yvdr ended 31 August 2024.
Page 22