NEW FRONTIERS LIFE CHURCH SOUTHAMPTON
Chorlty ReglstrGtion number.. 1118978
Compony Reqlstrotion number.. 6065940 (England and Wolesj
REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

NEW FRONTIERS LIFE CHURCH SOUTHAMPTON
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
P Cox (appointed 19.9.20231
D Gbe5emete
J Lawn
J Hatcher
M Steinbrecher
C Walker
Secretary
D Gbesemete
Charlty number
1118978
Comp•ny number
6065940
Reglstered offl¢o
11 Cranbury Terrace
Southampton
Hampshlre
S014 OLH
Independent examlner
Knight Goodhead
7 Bournemouth Road
Chandler's Ford
Eastlei8h
Hampshlre
SOS3 3DA
Bankers
HSBC
165 High Street
Southampton
S014 2NZ

NEW FRONTIERS LIFE CHURCH SOUTHAMPTON
REPORTS AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
Page
Trustees, report
Statement of trustees, responslbilites
Independent examlner's report
Statement of financial actlvltles
Balance sheet
Notes to the accounts
10-20

NEW FRONTIERS LIFE CHURCH SOUTHAMPTON
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their report and financial statements for the year ended 31 March 2024.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the
accounts and comply with the charity's Memorandum and Articles of Association the Companies Act
2006, Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and
°Accountin9 and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with FRS 102 (effective 1 January 2019)"
Objectives and activities
The company's charitable objects are..
i) To advan￿ the Christian Faith in accordance with the Statement of Beliets of the church in such
ways and in such parts of the United Kingdom or the world as the trustees from time to ts'me may
think fit.,
ii) To relieve sickness and financial hardship and to promote and preserve good fvealth by the provision
of funds, goods or services of any kind, including through provision of counselling and support in such
parts of the United Kingdom or the world as the trustees from ts'me to time may think fit., and
iiil To fulfi'l such other purposes which are exclusively charitable according to the law of England and
Wales and are connected with the charitable work of the church,
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what
activities the Gharity should undertake

NEW FRONTIERS LIFE CHURCH SOUTHAMPTON
TRUSTEES, REPORT (CONTINUED) (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Ministry
We are so thankful to God for the way he has been leading us as a church and has led many to give
so willingly and faithfully again over the last I￿e1ve months, especially as many continue to be
impacted by the cost of living crisis and facing financial difficulties.
In January 2024 we made the decision to bring our three sites together and host one Sunday meeting
in Southampton instead of meetings at the separate sites each Sunday. We are grateful to God that
many were accepting of the change as we came together at a single site again. A few families moved
on to local churches in their area because of the change, but others have joined at the same time and
vrfe are now gathering more as one site than we previously did as three.
It was hard to confirm what our average Sunday attendance was as we met in person and continued
to stream our meetings online with many people watching from home. We continued to have visitor8
most weeks and a number of new people joined the church over this last year. By March 2024 we
estimated we were gathering between 225 to 245 adults and children on a Sljnday morning.
Our Life Groups continued to grow and flourish with mid-week meetings hosted in person and some
meeting online across the city to help those in the church in need as well as encourage engagement.
Life Groups not only provide a place of fellowship, prayer, companionship and support for each other,
but have branched out to offer specific courses (e.g. parenting, membership etcl as well as incorporate
a wider range of activities (e.g. walking, photography and football) and also discussing cultural issues
such as race and managing debt. We are pleased to say we had 40 different Life Groups meeting
over the year across the three terms.
Our vision to be a resource church included supporting a full-time leader in Pokhara, Nepal and we
gave generously to Commission to enable church planting and apostolic mission across the UK and
the nations. Our leaders also attended several prayer and leadership events, again some online and
some in person throughout the year with five individuals supported on the Commission Leadership
Training course.
Chris Kilby continues to be released to serve other churches in the UK, Portugal and Nepal, along
with making new connections with churches in Spain and Italy.

We have been able to bless both University Christian Unions in Southampton, served on average 70
cooked breakfasts a month to those in need at 'The Breakfast Club, utilising over 400 hours of
volunteer time throughout the year and supported many individuals with genuine needs through our
Life Support Fund. The Life Support Fund released around £13,300 during the year to help with
practical needs of people across the city, including paying for emergency accommodation, food and
household bills, medical care and practical purchases to make sure that people did not have to fall
into debt, as well as supporting our CAP debt centre.
Our funds were also used to support other charities including UCCF, Home for Good and Amber.
The CAP debt centre that we launched in 2020 continues to help those in need financially get back on
their feet and we are thrilled to have seen 38 people become debt free in the time that the debt centre
has been running. This year we have been fully booked with 48 families booked in over the 12 month
period.
Achievements and performance
Bulldlngs
We celebrated our year anniversary of our new offices (The Boathouse) in September 2023 and
had various structural and internal changes done to make it suitable for the staff team and other users.
The trustees believe we have sufficient resources to see us through the next stage of groW(h of the
church.
Flnanclal revlew
During the year we maintained proactive financial control measures to ensure we continue to meet
our obligations as a charitable organisation for the foreseeable future. As 8 result, the surplus for the
period totalled £4,122.
The Trustees continue to hold sufficient reserves above the minimum 3 Month requirement and
continue to be prudent to ring fence sufficient funds to meet our day to day expenditure and work
towards building a diverse and resourceful church across the city of Southampton.
The trustees have assessed the major risks to which the chanty is exposed, and are satisfied that
systems are in place to mitigate expasure to the major risks.

NEW FRONTIERS LIFE CHURCH SOUTHAMPTON
TRUSTEES, REPORT (CONTINUED) (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Structure, governance and management
The charity is a company limited by guarantee and by not having a share capital, company number
06065940.
The company is a Registered Charity, number 1118978.
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 signing the accounts were.. D Gbesemete, J Lawn, J Hatcher, M
steinbrecher, C Walker and P Cox.
None of the trustees has any beneficial interest in the company. All of the trustees are members of
the company and guarantee to contribute £1 in the event of a winding up during the period of their
membership (or within a year following).
The business of the church is managed by the trustees who meet six times a year to review strategy,
policy and operational matters.
The trustees complete an annual assessment of risk and have not identified any significant or
unmanageable risks to the charity at this time.
The Trustees, report was approved by the Board of Trustees.
D Gbesemete Trusteel Director

STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees, who are a150 the directors of New Frontiers Lrfe Church Southampton for the purpose of
company law, are responsible for preparing the Trustees, Report and the accounts in accordance with
appllcable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice).
Company law requires the trustees to prepare accounts for each financial year which give a true and falr
view of the state of affairs of the charity and of the income and expenditure of the charitable companv
for that year.
In preparing these accounts, the trustees are required to:
select sultable accounting pollcles and then apply them consistentlv,.
observe the methods and principle5 In the Charities SORP.
make judgements and estimates that are reasonable and prudent;
state whether applicable U K Accountin8 Standards have been followed, subject to any material
departures disclosed and explained in the accounts; and
prepare the accounts on the going concern basis unless It 15 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 posltlon of the charity and enable them to ensure that the accounts
comply with the Companie5 Act 2006. They are also responslble for 5afeguardln8 the assets of the
charlty and hence for taklng reasonable steps for the prevention and detection of fraud and other
Irregularities.

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES ON THE
UNAUDITED ACCOUNTS OF NEW FRONTIERS LIFE CHURCH SOUTHAMPTON
I report to the trustees on my examination of the accounts of New Frontiers Life Church Southampton (the
charity) for the year ended 31 March 2024.
Responslbllltles and basis of report
As the trustees of the Charityland also it5 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 (the
2006 Act).
Havlng satlsfled myself that the flnanclal statements of the charlty are not requlred to be audlted under Part 16 of
the 2006 Act and are ellglble for independent examination, I report in respect of my examlnatlon of the trustee's
account5 carried out under sectlon 145 of the Charities Act 2011 (the 2011 Act). In carrylng out my examinatlon I
have followed all the applicable dlrectlons glven by the Charlty Comm15sion under sectlan 14515llbl of the 2011
Independent ex4mlner's statement
Slnce the company's gross Income exceeded £250,000 your examiner must be a member of a body listed In
section 145 of the 2011 Act. I conflrm that l am quallfied to undertake the eKamination because l om a member of
the Instltute of Chartered Accountant5 in England and Wales, which Is one of the listed bodies.
I have completed my examlnatlon. I conflrm that no material rnotters have come to my attentlon in connectlon
wlth the examlnation 8ivln8 me cause to belleve that In any materlal respect..
111 accountin8 records were not kept in respect of the Charity as requlred by sectlon 386 of the 2006 Act; or
121 the accounts do not accord with those records- or
131 the flnancial statements do not comply wlth the accountin8 requlrements of sectlon 396 of the 2006 Act
other than any requlrement that the accounts give a 'true and falr view, whlch 15 not a matter considered as
part of an independent examlnation,. or
141 the flnanclal statements have not been prepared In accordance wlth the methods and princSple5 of the
Statement of Recommended Practlce for accounting and reportlng by charities applicable to charities
preparlng thelr accounts in accordance wlth the Flnanclal Reportln8 Standard applicable In the UK and
Republic of Ireland IFRS 1021.
I have no concerns and have come across no other matters in connection wlth the examinatlon to whlch attention
should be drawn in this report in order to enable a proper under5tandlng of the accounts to be reached.
C J Goodhead FCA
Knight Goodhead Limited
Chartered Accountants
Dated..
7 Bournemouth Road
Chandler's Ford, Ea5tleigh
Hampshire, SO53 3DA

NEW FRONTIERS LIFE CHURCH SOUTHAMPTON
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
Unrestrlcted Restricted
funds
funds
Total
2024
Total
202a
Notes
INCOME
Donations and legacles
Other Income
Investments
334.562
28.450
5,738
55,722
390,284
28.450
5,738
365,958
92,575
1,900
Totsl Income
368.750
55,72Z
424A72
460,433
EXPENDITURE
Charitsble actlvlties
392.377
27,973 420,350
400,785
NET INCOMEIIEXPENDITUREI BEFOAE TRANSFERS
123,6271
17,749
4,122
59,648
Transfers between funds
6,646
16.6461
NET MOVEMENT IN FUND5
116,9811
21,103
4.122
59,648
FUND BALANCES AT I APRIL 2023
659,086
175,420
834,506
774,858
FUND BALANCES AT 31 MARCH 2024
11-12
642,105
196,523
838,628
834,506
The statement of flnancial activitles also complies wlth the requlrements for an Income and expendlture account
under the Companies Act 2006.

NEW FRONTIERS LIFE CHURCH SOUTHAMPTON
Charlty number: 1118978
BALANCE SHEET AS AT 31 MARCH 2024
2024
2023
Notes
FIXED ASSETS
Tanglble assets
801,695
809,318
CURRENT ASSETS
Debtors
Cash at bank and in hand
15,207
365,518
380,725
16,199
358,892
375,091
CREDITORS.. amounts falling
due within one year..
126,3721
124,7191
NET CURRENT ASSETS
354,353
350.372
TOTAL ASSETS LESS CURRENT LIABI LITIES
1.156,048
1,159,690
CREDITORS.. amount falling due
In more than one year
1317A201
1325,1841
838,628
834,506
FUNDS
11-12
Restrlcted
196,523
175,420
Unrestrlcted..
De518nated
Other unrestrlcted
490,756
151.349
489,423
169,663
642,105
659,086
TOTAL FUNDS
838,628
834,506

NEW FRONTIERS LIFE CHURCH SOUTHAMPTON
BALANCE SHEET AS AT 31 MARCH 2024 Icontiftued)
The company is entltled to the exemption from the audlt requirement contained in sectlon 477 of the Companies
Act 2006, for the year ended 31 March 2024. No member of the company has deposlted a notice, pursuant to
section 476, requiring an audit of these flnancial statements.
The trustees, responslbilitles for ensurlng thot the charity keeps accounting records which comply wlth section 386
of the Act and for preparlng account5 whlch glve a true and fair view of the state of affalrs of the company as at the
end of the flnancial year and of its income and expenditure for the financial year in accordance wlth the
requlrements of Sections 394 and 395 and which otherwlse comply wlth the requirements of the Companles Act
2006 relating to accDunt5, 50 far as appllcable to the companv.
These flnancial statements have been Pfepared In accordance wlth the provisions appllcable to companles subject
to the small companies regime.
The account5 were approved by the Trustees on..
D Gbesemete
Trustee
Company Reglstration No. 6065940

NEW FRONTIERS LIFE CHURCH SOUTHAMPTON
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
I ACCOUNTING POLICIES
lal Basis of accountlng
The account5 have been prepared in accordance wlth the charity'5 8overnlng document, the Companles Act 2006,
the Financlal Reporting Standard appllcable in the UK and Republic of Ireland IFRS 1021 and Accounting and
Reporting by Charities.. Statement of Recommended Practice appllcable to charitie5 preparlng their accounts In
accordance wlth FR5 102. The charity is a Publlc Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provision5 of the SORP for charities applying FRS 102 Update Bulletin I not
to prepare a Statement of Cash Flows.
The flnancial ststements are prepared in 5terlln& which the functlonal turrency of the charlty. Monetsry amounts in
these financlal statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention modified to include the revaluation of
freehold propertles. The prlnclpal accountlng policies adopted are set out below.
Ibl Golng concern
At the time of approving these fSnanclal statements. the tru5tee5 have a reasonable expectatlon that the charity has
adequate reSOLJrces to contlnue In operational exlstence for the foreseeable future. Thus the trustees continue to
adopt the goln8 concern basls of accountin8 In preparlng the financl31 statements.
Icl Charitable funds
Unrestricted funds are donations and other income receivable or generated for the objects of the charity without
further specified purpose and are avallable as general funds.
Deslgnated funds are unrestrlcted funds earmarked by the trustees for partlcular purposes.
Restricted funds are to be used for speclflc purposes as lald down by the donor. Expenditure which meets these
criteria is charged to the fund.
Idl Income
Income 15 received by way of donations and gifts and Is Included in full In the Statement of Flnancial Activities when
recelvable. The value of services provided by volunteers ha5 not been included, but slgnlflcant time Is given by
volunteers, partlcularly in undertsklng management and admln15tration work. Glfts pledged are not brought into the
financial statements untll they are actually received.
Income from Investments Is Included in the year in whSch It Is receivable.
lel Expendlture
Expenditure is recogn15ed in the year In which It is incurred. Expenditure includes attributable VAT whlch cannot be
recovered.
Management and administration costs are those Incurred In connection with administration of the charity and
compliance wlth constitutional and statutory requirements.
io

NEW FRONTIERS LIFE CHURCH SOUTHAMPTON
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (continued)
I ACCOUNTING POLICIES Icontinuedl
If) l angible fixed assets
Tanglble fixed assets are inltially measured at ¢ost and subsequently measured at cost or valuation, net of
depreciatlon and any impairment losses.
Land and buildings falr value is meèsured reliably and held under the revaluation model at a revalued amount,
belng thelr falr value at the date of valuatlon less any subsequent accumulated depreclation and subsequent
accumulated Impairment losses. The falr value of the land and bulldings is considered to be their market value.
Depreciation15 recognised so as to write off the cost or valuatlon of assets less their resldual values over thely useful
lives on the following basi5:
Freehold bulSdlng5
Flxture5, flttin8s and equipment
Computer5
2.5% strabght line
25% straight line
25% stralght line
The gain or1055 ar151ng on the dlsposal of an a55et Is determined as the élfference between the sale proceeds and
the caTryill8 value of the asset, and Is recognised In net Incomellexpendlturel for the year.
Igl Impalrment of fixed assets
At each reporting end date, the charlty reviews the carrylng amounts of Its tangible assets to determine whether
there 15 any indication that th05e assets have suffered an impairment 1055. If any such Indlcation exists, the
recoverable amount of the 05set is estlmated In order to determlne the extent of the Impalrment1055 Ilf any).
Ihl Financial instruments
The charlty ha5 elected to apply the provisions of Sectlon 11 '8351c Flnanclal Instruments, and Sectlon 12 '0ther
Flnanclal Instrument5 Issue5. of FRS 102 to all of Its flnanclal instruments.
Basic financlal assets
Basic flnancial assets, whlch include debtors and cash and bank balances, are Inltlally measured at transaction prlce
In¢ludln8 transaction costs and are subsequently carried at amortised cost uslng the effectlve Interest method
unle55 the arrangement CDnstltute5 a financlng transaction, where the transaction Ss measvred at the present value
of the future receSpts discounted at a market rate of interest. Financial a55et5 Elasslfled as receivable withln one
year are not amort15ed.
Baslc flnancial liabilities
Basic financial Ilabilitie5, including creditors and bank loans are initially Tecognlsed at transaction prlce unless the
arrangement constitutes a financlng transaction, where the debt Snstrument is measured at the present value of the
future payment5 discounted at a market rate of interest. Financial liabilities classified as payable within one year are
not amortised.
li

NEW FRONTIERS LIFE CHURCH SOUTHAMPTON
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 20241continued)
I ACCOUNTING POLICIES leontinuedl
lil Retirement benefits
Payments to defined contrlbutlon retirement benefit schemes are charged ès an expense as they fall due.
IJ) Leases
Rentals payable under operatln8 leases, Includlng any lease Incentlve5 recelved, are charged as an expense on a
straight Ilne basls over the term of the relevant lease.
2 ADMINISTRATIVE INFORMATION
The char5ty15 a prlvate company Ilmlted by guarantee Incorporated In En8land and Wales.
The re8iStered office of the charlty Is 11 Cranbury Terrace, Southampton, Hampshlre, S014 OLH,
12

NEW FRONTIERS LIFE CHURCH SOUTHAMPTON
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Icontinued)
3 INCOME
Total
2024
Total
2023
DONATIONS AND LEGACIES
Donations and gifts
390,284
365,958
OTHER INCOME
Event Income
Wider ministry income
Other income
Value of property glfted
Grant5
4.434
6.478
9,688
7,066
667
9,842
75,000
7,850
28A50
92.575
4 EXPENDITURE
Total
2024
Total
2023
CHARITABLE AcfiviTIES
Staff costs
Depreciation and impairment
Offlce costs
Publicltv
Children's and youth work
Fellowship fund
Hospitality and Integratlon
New Frontlers and other 8ifts
Travel
Equlpment
Guest speakers
Bookstall costs
Venue hlre
Courses and conference5
Mort8a8e interest
Accountancy
222,232
14,269
56,499
274
221,204
11,316
49,759
1,145
3,156
32,250
707
19,589
1,143
11.645
325
57
21,ISI
6,333
17,908
3,097
3,422
35,908
1,527
22,474
2,099
8,769
54
20,765
1.661
27,013
3,384
420,350
400,785
Included wlthin accountancy above are amounts due to the Independent examiners in relation to the examlnatlon
of £2,10012023'. £1,740).
Analysis by fund
Unrestricted fund
Restricted funds
392,377
27.973
323,833
76,952
420,350
400,785
13

NEW FRONTIERS LIFE CHURCH SOUTHAMPTON
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 20241contlnued)
5 EMPLOYEES
Number of employees
The average number of employees durln8 the year wa5 712023: 81
Employment costs
2024
2023
Wages and salarles
Social Security costs
Other pension costs
197,576
14,823
9,833
222,232
196,852
14,687
9,665
221,204
6 TANG18LE ASSETS
Freehold Flxtures & Computers
Property
Flttings
Totsl
COST
At be8lnnlng of year
Addltlons
Dlsposols
Revaluation
829,192
6,646
15,543
4,495
849,230
6,646
11,3771
11,3771
At end of year
835.838
14,166
4,495
854,499
DEPRECIATION
At beglnnln8 of year
Charge for year
Dlsposals
Revaluation
At end of year
20,800
13,807
14,617
462
11,3771
4,495
39,912
14,269
11,3771
34,607
13,702
4,495
52,804
NET BOOK VALUE
At beginnlng of year
At end of year
808,392
801,231
926
809,318
801,695
During the prior year the Beacon Road property was gifted to the church. The property was professionally valued In
November 2018 at £75,000, whlch the trustees belleve Is stlll a falr value for the property.
14

NEW FRONTIERS LIFE CHURCH SOUTHAMPTON
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (continued)
7 DEBTORS.. amounts falling due within one year
2024
2023
Trade debtors
Gift aid tax recoverable
Prepayments and accrued Income
Other debtors
894
4,813
7,976
1,524
15,207
1,000
4,103
10,071
1,025
16,199
8 CREDITORS: amounts falllng due wSthin one year
2024
2023
8ènk loans
Other taxation and soclal securSty
other credltors
Accrua15 and deferred Income
io
8,466
4,750
6,753
6,403
26,372
8,696
4,986
7,870
3,167
24,719
9 CREDITORS: amounts falling due after one year
2024
2023
Bank loan5
io
317.420
325,184
10 LOANSAND OVERDRAFTS
Z024
2023
Bank loans
325,886
333,880
Payable withln one year
Payable 2-5 years
8,466
41,878
50.344
8,696
41,859
50,555
Payable by Instslments after 5 years
275,542
283,325
The bank loan is secured by flxed charges over the freehold property.
15

NEW FRONTIERS LIFE CHURCH SOUTHAMPTON
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (contlnued)
11 RESTRICTED FUNDS
The Income fund5 of the charity Include restricted funds comprising the following donatlons and grants held on trust
for specific purposes,.
Movement In funds
Transfer$ 8alan¢e It
between
31 March
funds
2024
Balano at
l Aprll
2023
Income Expendlture
The Nepal Fund
West End 8uSldln8 Fund
Bullding Fund
Llfe Support
Youth
4th 51te
Breakfast club and those In need
Lottery Fund
5,403
83,077
66,663
16,859
1,659
1,180
579
3,120
12,2141
6.309
83,077
90,509
9,101
36,426
5,594
2,732
15,9341 16,6461
113,3521
14.3901
11,1801
15791
13241
7,850
7,526
175,420
55,722
127,9731 16,646)
196,523
Restrlrted funds
The Nepal Fund wa5 estab115hed to contrSbute towards the cost of the church plant In Pokhara, Nepal. The
Income from thls fund comes from regular donatlons and one off glfts.
The West End Building Fund is to cover costs that are specifically linked with a building In West End.
The 8uSlding Fund was establlshed by the charity to finance renovatlons and bulldlng across all venue5. The
Income for thls fund corne5 from regular 8lvlng and one off donatlon5. The transfer out represents capltalised
works on the Boathouse property.
The Llfe Support fund is to provide practical tinanclal support In the way of purchases, 8rant5 or loans to relSeve
hardshlp or poverty amongst persons known to Llfe Church Southampton. Durlng the year funds were transferred
from General Funds as a tithe.
The Youth Fund was established for Inltiatlves Involving 11-18 year olds, both part of Life Church and not, in
Southompton,
The 4th Site Fund15 to enable a fourth site to be launched and will cover a portion of staff salaries related directly
to Starting up and adrninistration costs of the launch of the fourth site in Southompton. Th15 will reach out to
predominantly the student populatlon in the city.
Breakfast club and those in need, 15 a fund for those in need in the city of Southampton providing support and
food through a monthly Breakfast Club for the homeless.
Lottery Fund repre5ent5 a grant from the National Lottery Community Fund to expand the community meeting
space. After the year end, we received permlsslon to spend the remaining balance of this fund on kltchen
equipment, slnce the building work cost le55 than anticipated.
16

NEW FRONTIERS LIFE CHURCH SOUTHAMPTON
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 20241continued)
12 UNRESTRICTED FUNDS
The income funds of the charity include the followin8 deslgnated funds which have been Set aside out of
unrestrlcted fund5 by the trustees for 5peclflc purposes..
Movernent In funds
Tr•nsfers Balance at
between
31 Mar¢h
funds
2024
Balance at
l Aprll
2023
Income Expendlture
Deslgnated funds
Boathouse Property Fund
Beacon Road Property
Home for Good Fund
West End Fund
399,512
75,000
249
14,662
113,8071
14,640
4LKJ,345
75.000
249
15,162
500
Total d•$l8nated funds
489,423
500
113,8071
14,640
490,756
General funds
169,663 368,250
1378,5701 17.9941
151.349
Total unrestrlcted funds
659,Q86
368.750
1392.3771
6,646
642.105
8oathouse Property Fund - Thi5 fund represents the net book value of the Boathouse property Ib35ed on historic
COStl Includin8 the land and improvement5. less the out5tandlno loans.
Beacon Road Property Fund Thls represents the fair value of the property transferred to the church In the
prevlous year.
Home For Good Fund . Thls fund is for in¢ome and expendlture relatlng to the Home for Good Inltlatlve.
West End Fund A fund to cover costs that are specifically Ilnked wlth events and the buildin8 in West End,
17

NEW FRONTIERS LIFE CHURCH SOUTHAMPTON
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (continued)
13 ANALYSIS OF FUNDS
Fund balances as at 31 March 2024 are represented by..
Unrestrlcted Restricted
fvnds
funds
Total
Tangible assets
Current assetsllllabllltlesl
Long term liabilitles
801.695
157,830
1317A20)
642,105
801.695
354.353
1317,4201
838.628
6,523
196.523
Fund balances as at 31 March 2023 are represented bv..
Unrestrlrted Restrlrted
funds
Totsl
funds
2023
Tanglble assets
Current assetsllllabllltiesl
Long term liabilitie5
809,318
174,952
1325,1841
659,086
809,318
350,372
1325,1841
834,506
175,420
175,420
14 COMMITMENTS
At the balance sheet date the chaflty had remainlng commitments of £9,18012023: £9841 under operating leases.
15 RELATED PARTY TRANSACTIONS
l Hatcher received remuneratlon of £32,94212023: £32.4621 and company penslon contributions of £1,64712023'.
£1,623).
With the exceptlon of J Hatcher, no other the trustees lor any persons connected wlth them) received any
remunerations or benefits from the charity during the year.
Durlng the year 3 trustees were reimbursed expenses totalling £1.45512023.. four trustees totslllng £1,959).
18

NEW FRONTIERS LIFE CHURCH SOUTHAMPTON
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 20241contlnued)
16 PRIOR YEAR STATEMENT OF FINANCIALACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
Unrertrlcted Re5trfcted
funds
funds
Total
2023
INCOME
Donations and le8acles
Other Income
255,677
88,585
1,91XI
110,281
3.990
365,958
92,575
1,9DO
Investments
Total Income
346,162
114371
460,433
EXPENDITURE
Charitsble activitles
323,833
76,952 400,785
NET INCOME BEFORE REVALUATION
22,329
37,319
59,648
Transfers between funds
117.591
(127.5911
NET MOVEMENT IN FVNOS
149.920
190.2721
59,648
FUND BAL4NCES AT I APRIL 2022
509.166
265,692
774,858
FUND BALANCES AT 31 MARCH 2023
659,086
175.420 834,506
19

NEW FRONTIERS LIFE CHURCH SOUTHAMPTON
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Icontlnuedl
17 COMPARATIVE FUNDS
FOR YEAR ENDED 31 MARCH 2023
Restrlrted funds
Movement In funds
Transler$ 8al4nce at
between
31 Marth
funds
2023
Balance at
l Aprll
2022
Income Expendlture
The Nepal Fund
West End Bulldln8 Fund
8uildin8 Fund
Life Support
Youth
4th Slte
Breakfast club and those In need
Portugal
3,611
83,077
159,486
11,146
2.288
6,084
3,120
11,3281
5,403
83,077
66,663
16,859
1,659
1,180
579
86,791
15,186
5,774
500
2,400
soo
149,4221 1130,1921
112,0741
2,601
16,4031
15,4041
11,8211
15001
265,692
114,271
176,9521 1127,5911
175.420
Unrestrlcted funds
Movement In funds
Transfers Balance at
between
31 Marth
lunds
2023
Balance at
l Aprfl
2022
Incorne Expendlture
D•sl8n•ted funds
Property Fund
Beacon Road Property
Home for Good Fund
West End Fund
Mlsslon Fund
269,670
110,4001 140,242
399,512
75,0(10
249
14,662
75,000
793
15,664
4,639
15441
11,0021
16,5991
1,960
Total de51gnated funds
290.766
76,960
118,5451 140,242
489.423
General fvnd$
218,400
269,202
1305,2881 112,6511
169,663
Totsl unrestrlcted fund5
509,166
346,162
1323,8331 127,591
659.086
20