NEW FRONTIERS LIFE CHURCH SOUTHAMPTON Charity Registration number.. 1118978 Company Registration number.. 6065940 (Englond and Wales) REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
NEW FRONTIERS LIFE CHURCH SOUTHAMPTON LEGAL AND ADMINISTRATIVE INFORMATION Trustees Pcox D Gbesemete J Lawn J Hatcher M Steinbrecher C Tomlin (appointed 21.1.2025) C Walker Secretarv O Gbesemete Charlty number 1118978 Company number 6065940 Registered office 11 Cranbury Terrace Southampton Hampshire S014 OLH Independent examiner Knight Goodhead 7 Bournemouth Road Chandler's Ford Eastleigh Hampshire S053 3DA Bankers HSBC 165 High Street Southampton S014 2NZ
NEW FRONTIERS LIFE CHURCH SOUTHAMPTON REPORTS AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Page Trustees, report Statement of trustees, responsibilites Independent examiner's report Statement of flnancial activities Balance sheet Notes to the account5 10-20
NEW FRONTIERS LIFE CHURCH SOUTHAMPTON TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their report and financial ststements for the year ended 31 March 2025. 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 M8morandum and Articles of Association the Companies Act 2006, Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102 (effective 1 January 2015)" Objectives and activltles The company's charitable objects are: i) To advance the Christian Faith in accordance with the Statement of Beliefs of the church in such ways and in such parts of the United Kingdom or the world as the trustees from time to time may think fit., ii) To relieve slckness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including through provision of counsellinq and support in such parts of the United Kingdom or the world as the trustees from time to tim8 may think fit,, and iii) To fulfil such other purposes which are exclusively charitable according to th8 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 charity should undertak8.
NEW FRONTIERS LIFE CHURCH SOUTHAMPTON TRUSTEES, REPORT (CONTINUED) (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 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 twelve months. especially as many continu8 to be impacted by the cost of living crisis and facing financial difficulties. In April 2024 we had be8n meeting in one Sunday venue for about a month (as opposed to three sites earlier that year). We are grateful to God that many were accepting of th8 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 we are now gathering more as one site than we previously did as three. We stopped streaming our meetings online, but recorded them and put them out on social media instead. We continued to have visitors most weeks and a number of new people joined the church over this last year. By March 2025 we estimated we were gathering between 225 to 250 adults and children on a Sunday 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 etc) 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 35 different Life Groups meeting over the year across th8 three terms. Our vision to be a resource church included supporting a full-time leader in Pokhara, Nepal and w& gave 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, Spain and Nepal, along with making new connections with churches in Serbia and Italy. We have been able to bless both University Christian Unions in Southampton, served on average 80 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, STEPS 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 48 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. Achlevemonts and performance Buildings We celebrated our three year anniversary of our new offices (The Boathouse) in September 2024 and had various 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 growth of the church. Financial 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 a result, the surplus for the period totall8d £45,041. The Trustees continue to hold sufficient reserves above the minimum 3 month requirement and continue to be prudent to ring fence SLrfficient 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 charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
NEW FRONTIERS LIFE CHURCH SOUTHAMPTON TRUSTEES. REPORT (CONTINUED) (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Structure, governance and management The charity is a Company limited by guarantee and by not having a shar8 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 seNed during the year and up to the date of signing the accounts were". D Gbesemete, J Lawn, J Hatcher, M Steinbrecher, C Walker. C Tomlin 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. Rlsk Management 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 Dated:
STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees, who are also the directors of New Frontiers Life Church Southampton for the purpose of company law, are responsible for preparing the Trustees, Report and the accounts in accordance with applicable 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 fair view of the state of affairs of the charity and of the income and expenditure of the charitable company for that year. In preparing these accounts, the trustees are required to: select suitable accounting policies and then apply them consistently: observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the accounts; and prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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 2025. Responsibilities and basis of report As the trustees of the Charity land 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 (the 2006 Act). Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the trustee's accounts carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145151{bl of the 2011 Act. Independent examiner's statement Since 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 confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 111 accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or (21 the accounts do not accord with those records,. or (31 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which 15 not a matter considered as part of an independent examination,. or {41 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 accounts in accordance with the Financial Reportin8 Standard applicable in the U K and Republic of Ireland IFRS 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 accounts to be reached. C J Goodhead FCA Knight Goodhead Limited Chartered Accountants Dated: < 1 7 Bournemouth Road Chandler's Ford, Eastleigh Hampshire, S053 3DA
NEW FRONTIERS LIFE CHURCH SOUTHAMPTON STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted funds funds Total 2025 Total 2024 Notes INCOME Donations and legacies Other Income Investments 288,130 41,404 10.104 69,723 357,853 41,404 10,104 390,284 28,450 5,738 Total income 339,638 69,723 409,361 424,472 EXPENDITURE Charitable activities 337,605 26,715 364,320 420,350 NET INCOME/IEXPENDITUREI BEFORE TRANSFERS 2,033 43.008 45,041 4,122 Transfers between funds 10,580 (10,580) NET MOVEMENT IN FUNDS 12,613 32,428 45,041 4,122 FUND BALANCES AT I APRIL 2024 642,105 196,523 838,628 834,506 FUND BALANCE5 AT 31 MARCH 2025 11-12 654,718 228,951 883,669 838,628 The statement of flnanclal activities also complies wlth the requirements for an income and expenditure account under the Companies Act 2006.
NEW FRONTIERS LIFE CHURCH SOUTHAMPTON Charity number: 1118978 BALANCE SHEEf AS AT 31 MARCH 2025 2025 2024 Notes FIXED ASSETS Tangible assets 798,215 801,695 CURRENT ASSETS Debtors Cash at bank and in hand 24,37Z 390,825 415,197 15,207 365,518 380,725 CREDITORS: amounts falling due within one year: (22,507) 126,372) NET CURRENT ASSETS 392,690 354,353 TOTAL ASSETS LESS CURRENT LIA81LITIES 1,190.905 1,156,048 CREDITORS.. amount falling due in more than one year (307.236) {317,420) 883,669 838,628 FUNDS 11-12 Restricted 228,951 196,523 Unrestricted: Designated Other unrestricted 485,715 169,003 490,756 151,349 654,718 642,105 TOTAL FUNDS 883,669 838,628
NEW FRONTIERS LIFE CHURCH SOUTHAMPTON BALANCE SHEET AS AT 31 MARCH 2025 (continued) 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. No member of the company has dep051ted a notice, pursuant to section 476, requiring an audit of these f inancial statement5. The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The accounts were approved by the Trustees on....... D Gbesemete Trustee Company Registration No. 6065940
NEW FRONTIERS LIFE CHURCH SOUTHAMPTON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 I ACCOUNTING POLICIES (al Basis of accounting The accounts have been prepared in accordance with the charity's governing document, the Companies Art 2006, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and Accounting and Reporting by Charities.. Statement of Recommended Prattice applicable to charities preparing their accounts in accordance with FRS 102. The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken adva ntage of the provisions of the SORP for charities applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows, The financial statements are prepa red in sterlin& which the functional currency of the cha rity. Monetary amounts in these financial statements are rounded to the nearest £. The accounts have been prepared under the historical cost convention modified to include the revaluation of freehold properties, The pri ncipal accounting policies adopted are set out below. (bl Going concern At the time of 3 pprovi ng these financial statements, the trustees have a reasona ble expectation that the charity has adequate resources to continue in operational existence for the foreseea ble future. Th us the trustees continue to adopt the goin8 concern basis of accounting in preparing the financial statements. (c) Charitable funds Unrestricted funds are donations and other income receivable or generated for the objects of the charity without further speclfied purpose and a re available as general funds. Designated funds are unrestricted funds earmarked by the trustees for partlcular purposes. Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund. Idl Income Income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. The value of services provided by volunteers has not been included, but significant time is given by volunteers, particularly in undertaking management and administration work. Gifts pledged are not brought into the financial state ments until they are actually received. Income from investments is included in the year in which it is receivable. (el Expenditure Expenditure is recognised in the year in which it is incurred. Expenditure includes attributable VAT which cannot be recovered. Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. io
NEW FRONTIERS LIFE CHURCH SOUTHAMPTON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (continued) I ACCOUNTING POLICIES (continued) In Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Land and buildings fair val ue is measured reliably and held under the revaluation model at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fa ir value of the land and buildings is considered to be their market value. Depreciation is recognised so as to write off the cost or valuation of assets less their resid ual values over their useful lives on the following ba51S: Freehold build ings Fixtures, fittings a nd equipment Computers 2.5% straight line 25% straight line 25% straight line The gain or loss arising on the d isposal of an asset is determined as the difference between the sale proceeds and the carrying value of the a55et, and is recognised in net income/lexpenditurel for the yea r. Igl Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss lif anv). {hl Financial instruments The charity has elected to apply the provisions of Section 11 '8asic Financial Instruments, and Section 12 '0ther Financial Instrument5 Issues, of FRS 102 to all of its financial instruments. Basic financial assets Basic financial assets, which include debtors 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 unles5 the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a ma rket rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument 15 measured at the present value of the future payments 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 2025 (continued) I ACCOUNTING POLICIES Icontinuedl (il Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. ljl Leases Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease. 2 ADMINISTRATIVE INFORMATION The charity is a private company limited by guarantee Incorporated in England and Wales. The registered office of the charity is 11 Cranbury Terrace, Southampton, Hampshire, S014 OLH. 12
NEW FRONTIERS LIFE CHURCH SOUTHAMPTON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (continued) 3 INCOME Total 2025 Total 2024 DONATIONS AND LEGACIES Donations and gifts 357,853 390,284 OThER INCOME Event income Wider ministry income Property income Grants 10,270 4,434 6,478 9,688 7,850 31,134 41,404 28,450 4 EXPENDITURE Total 2025 Total 2024 CHARITABLE ACTIVITIES Staff costs Depreciation and irnpairment Office costs Publicitv Children's and yoiith work Fellowship fund Hospitality and integration New Frontier5 and other gifts Travel Equipment Guest speakers Bookstall costs Venue hire Courses and conferences Mortgage interest Accountancy 167,705 16,195 51,482 263 2,435 45,429 1,077 21,666 1,367 7,705 1,066 427 14,113 3,460 26,584 3,346 222,232 14,269 56,499 274 3,422 35,908 1,527 22,474 2,099 8,769 54 20,765 1,661 27,013 3,384 364,320 420,350 Included within accountancy above are amounts due to the independent examiners in relation to the examination of £2,100 (2024: £2,100). Analysis by fund Unrestricted fund 337,605 26,715 392,377 27,973 Restricted funds 364,320 420,350 13
NEW FRONTIERS LIFE CHURCH SOUTHAMPTON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (continued) 5 EMPLOYEES Number of employees The average number of employees during the year was 5 (2024: 71 Employment costs 2025 2024 Wages and salaries Social security Costs Other pension costs 148,806 11,096 7,803 167,705 197,576 14,823 9,833 222,232 No employee received emoluments in excess of £60,000. Key management comprises three individuals who were paid a total of £140,519 12024: £134,242 to three individuals), 6 TANGIBLE ASSETS Freehold Property Flxtures & Computers Fittin8S Total COST At beginning of year Additions Disposals At end of year 835,838 14,166 12,715 16501 26,231 4,495 854,499 12,715 16501 866,564 835,838 4,495 DEPRECIATION At beginning of year Charge for year Disposals At end of year 34,607 13,807 13,702 2,388 16501 15,440 4,495 52,804 16,195 16501 68,349 48,414 4,495 NET BOOKVALUE At beginning of year At end of year 801,231 787,424 464 801,695 798,215 10,791 During 2022123 the Beacon Road property was gifted to the church. The property was professionally valued in November 2018 at £75,000, which the trustees believe is still a fair value for the property. 14
NEW FRONTIERS LIFE CHURCH SOUTHAMPTON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (continued) 7 DEBTORS: amounts falling due within one year 2025 2024 Trade debtors Gift aid tax recoverable Prepayments and accrued income Other debtors 4,922 5,377 12,507 1,566 24,372 894 4,813 7,976 1,524 15,207 8 CREDITORS: amounts falling due within one year 2025 2024 Bank loans Other taxation and socia15ecurity Other creditors Accruals and deferred income io 9,882 3,547 5,447 3,631 22,507 8,466 4,750 6,753 6,403 26,372 9 CREDITORS: amounts falling due after one year 2025 2024 Bank loans io 307,236 317,420 10 LOANS AND OVERDRAFTS 2025 2024 Bank loans 317,118 325,886 Payable within one year Payable 2-5 years 9,882 48,125 58,007 8,466 41,859 50,325 Payable by instalments after 5 years 259,111 275,561 The bank loan is secured by fixed charges over the freehold property. 15
NEW FRONTIERS LIFE CHURCH SOUTHAMPTON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (continued) 11 RESTRICTED FUNDS The income funds of the cha rity include restricted funds comprising the following donations and grants held on trust for specific purposes.. Movement in funds Transfers Balance at between 31 March funds 2025 Balance at l Aprll 2024 Income Expendlture The Nepal Fund West End Building Fund Building Fund Life Support Youth Lottery Fund 6,309 83,077 90,509 9,101 3,120 5,013 40,453 21,137 12,6581 15,0001 15,2231 15,753) 113,2711 2,136 6,771 83,090 119,986 19,103 7,526 15631 16,963} 196,523 69,723 126,715) 110,580) 228,951 Restrlcted fund5 The Nepal Fund was established to contribute towards the cost of the church plant in Pokhara, Nepal. The income from this fund comes from regular donations and one off gifts. The West End Building Fund is to cover costs that are specifically linked with a bu ild ing in West End. The Building Fund was established by the charity to finance renovations and building across all venues. The income for this fund comes from regular giving and one off donations. The transfer out represents capitalised works on the 8oathouse property, The Life Support fund is to provide practical financial support in the way of purchases, grants or loans to relieve hardship or poverty amongst persons known to Life Church Southampton. Ouring the year funds were transferred from General Funds as a tithe. The Youth Fund was established for initiatives involving 11-18 year olds, both part of Llfe Church and not, in Southampton. Lottery Fund represents a grant from the National Lottery Community Fund to expand the community meeting space. We received permission to spend the remaining balance of this fund on kitchen equipment, since the building work cost less than anticipated. The transfer out of the fund represents this capitalised expenditure. 16
NEW FRONTIERS LIFE CHURCH SOUTHAMPTON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (continued) 12 UNRESTRICTED FUNDS The income funds of the charity include the following designated funds which have been Set aside out of unrestricted funds by the trustees for specific purposes: Movement in funds Transfers Balance at between 31 March funds 2025 Balance at l Aprll 2024 Income Expenditure Designated funds Boathouse Property Fund Beacon Road Propertv Home for Good Fund West End Fund 400,345 75,000 249 15,162 {40,392} 35,351 395,304 75,(M)O 249 15,162 Total deslgnated funds 490,756 140.392) 35,351 485,715 General funds 151,349 339,638 1297,213) 124,771) 169,003 Total unrestrlcted funds 642,105 339,638 (337,605) 10.580 654,718 Boathouse Property Fund This fund represents the net book value of the Boathouse property Ibased on historic costl including the land and Improvements, less the outstanding loans. Beacon Road Property Fund - This represcntS the fair value of the property transferred to the church in 2022123. Home For Good Fund - This fund is for income and expenditure relating to the Home for Good initiative, West End Fund - A fund to cover costs that are specifically linked with events and the building in West End. 17
NEW FRONTIERS LIFE CHURCH SOUTHAMPTON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (continued) 13 ANALYSIS OF FUNDS Fund balances as at 31 March 2025 are represented by: Unrestricted Restricted funds funds Total 2025 Tangible assets Current assets/lliabilities1 Long term liabilitie5 798,215 163,739 1307,236) 654,718 798,215 392.690 {307,236) 883.669 228,951 228,951 Fund balances as at 31 March 2024 are represented by.. Unrestricted Restrlcted funds Total fund5 2024 Tangible assets Current a5sets/{liabilitiesl Long term liabilities 801,695 157,830 1317,4201 642,105 801,695 354,353 {317,4201 838,628 196,523 196,523 14 COMMITMENTS At the balance sheet date the charity had remaining commitments of £7,02012024: £9,180) under operating leases, 15 RELATED PARTY TRANSACTIONS J Hatcher received remuneration of £35,716 {2024: £32,942) and company pension contributions of £1,78612024: £1,647). With the exception of J Hatcher, no other the trustees lor any persons connected with them) received any remunerations or benefits from the charity during the year. During the year three tru5tee5 were reimbursed expenses totalling £572 for travel expen5es12024: three trustees reimbursed a total of £1,455). 18
NEW FRONTIERS LIFE CHURCH SOUTHAMPTON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (continued) 16 PRIOR YEAR STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted Total funds funds 2024 INCOME Donations and legacies Other Income 334,562 28,450 5,738 55,722 390,284 28,450 5,738 Investments Total Income 368,750 55,722 424,472 EXPENDITURE Charitable activitie5 392,377 27,973 420,350 NET INCOME BEFORE REVALUATION 123,627) 27.749 4,122 Transfers between funds 6,646 {6,646) NET MOVEMENT IN FUNDS 116,981) 21.103 4,122 FUND BALANCES AT I APRIL 2023 659,086 175,420 834,506 FUND BALANCES AT 31 MARCH 2024 642,105 196.523 838,628 19
NEW FRONTIERS LIFE CHURCH SOUTHAMPTON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (continued) 17 COMPARATIVE FUNDS FOR YEAR ENDED 31 MARCH 2024 Restricted funds Movement in funds Transfers Balance at between 31 March funds 2024 Balance at l April 2023 Income Expenditure The Nepal Fund West End Building Fund Building Fund Life Support Youth 4th Site Breakfast club and those in need Portugal 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 113,3521 14,3901 11,1801 15791 13241 16,646) 7,850 7,526 175,420 55,722 127,973) 16,6461 196,523 Unrestricted funds Movement in funds Transfers Balance at between 31 March funds 2024 Balance at l April 2023 Income Expendlture Deslgnated funds Property Fund Beacon Road Property Home for Good Fund West End Fund 399,512 75,000 249 14,662 113,8071 14,640 400,345 75,000 249 15,162 500 Total designated fund5 489,423 500 113,8071 14,640 490,756 General funds 169,663 368,250 1378,5701 17,994) 151,349 Total unrestricted funds 659,086 368.750 1392,3771 6,646 642,105 20