R•gl$tsrod numbor: 06162241 Charlty number., 1119167 NEW LIFE CHURCH MILTON KEYNES (A Company Limited by Guarantoe) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
NEW LIFE CHURCH MILTON KEYNES (A Company Llmlted by Guarantee) CONTENTS Page Rof•r•nco and Admlnl8tratlv& D•talh of th• Charlty. It8 Tru#tèes and AdYl$gr• Chalrman'¥ Statement Tru•t•e•' R•port Ind•p•nd•n¢ Audllor•' Report on th& Flnanclal Statèmènts Consolldat•d Stat•rnent of Flnanclal ktfvitles 10-13 14 Consolldatsd Balance Sheet 15-16 Charlty Balancè Sh•ot Consolldat•d Stat•ment of C4•h Flow• 17-18 19 Not•• to th• Fln•nclal Stal•m•nt• 20-38
NEW LIFE CHURCH MILTON KEYNES {A Company Llmlted by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARifi. ITS TRUSTEES AND ADVISER8 FOR THE YEAR ENDED 31 AUGUST 2025 Truste9• Mr J O AW0n Ireslgned 17 March 20251 Mr F H Clark Mrs S J Clark Mr D S Eyelnglon Mrs L Grabs Mr S G Halford Mr 0 8 0I8mufva Mr M J Thomian. Choimi8n {resigned 17 March 2025) Mr M R Wlghlm8n Mr T W1115ams, Chairman (from 17 March 2025, unlll 1 Saplember 2025} Mr P G Downlng18ppoint8d 23 June 20251 Mr G R Mooré, Chalrman lappoinlad 1 Saptemb8r 20251 Company r•glst•rod numb•r 06162241 Charlty règl8t•f•d numb•r 1119167 R•gl•t•r•d offlc• The Ridgeway Centre Fealh8rslone Road Wolvarton Mlll Mllton Keynes Bucks MK12 5TH Company •e¢rot•ry Mrs L Grabs Ind•pènd•nt audltorn Strèets Audll LLP Chartered Accountants Potton House w)0810n Lake8 Gr881 North Road Wyboslon Bgdford MK44 3BZ Bankern CAF Bank Ltd 25 Kings Hlll Avenue Kings Hill West Malling Kent ME19 4JQ Page 1
NEW UFE CHURCH MILTON KEYNES (A Company Llmltsd by Guaranteo) CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 AUGLIST 202S Thls financlal year- Septsmb8r 2024 to August 2025- was a ye8r of both growth and chall8ng8. Throughout the year wa conllnugd to focus on three koy vision ilgms we fell God had dlrortgd us towards: Ministry- which was reflected by an increased focus on prayer Mercy- which is reflected in our growing community action projects Mullipllcalion- whlch includes both numerical growth and a greater focus on being disciples who make disciples. Our Sunday attendance ha8 grown st88dily 8nd we have contlnued lo offer ts¥o mornlng services wllh the llfst one Ilve-slreamad lo YouTube. The later service lends lo attract more visitors and those relatively new lo the church. but is beginning to coalèsce as a r8cognis8bl8 community. Tha 8artl8r s8rvic8 is favoured by those with younger children and youth. We contlnued to place a strong empha818 on belng dlsclple8 who mak6 dlsctple8. A8 Part of th18 we ran a 8èrlg$ of Iralning and aqulpping evenings, wllh a numbar of guest speakers, In the Autumn term. Thls replaced our usual small group programme in the run up to Christmas. Our staff le8m has conllnued lo h8ndle ongoing change wllh resilience and po8itlvity. During the year some slgnlficanl leaders moved on to other thlngs. but new team members have stepped into the gaps. A8 in the prevlous year. attendance al the newday youth week was strong and 8 definite highllghl. Flnanclalty, w8 faced some new challenges, partlcularly with our conferencing buslness. Howèver, those who regulady allènd New Lifa Church conlinu8d lo ba genèrous in their support of the church and ministry activllles. A sp8clal offertng. combln8d wlth Inv8stm8nl from r8S8rv8s. 8nabl8d us lo bulld a mvltiwUS8 gamas araa, a chlldren's play area, ond lo move foThvard wSth the purchase of a bulldSng In New Bradwo11. We also completed tho purchase of a house for one of our communrty acllon projects. Durlng Ihg y88r we Saw people of 311 agg3 comlng lo fallh In Jesus and experIeIng posllive Ilfg transformatlon. Our communlly actlon programm8 conllnued to support the vulnerable and lonèly 8cross tha clty, and lationships wllh our global family slr6ngthèned. Mr T Williams Chaimian lunlll 1 September 2025) Dal8.' 2 March 2028 P8ge 2
NEW LIFE CHURCH MILTON KEYNES {A Company Llmfted by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees present their annual report together with the audited flnancial statements of the Charity for the 1 September 2024 10 31 August 2025. The Annual Report serves the purposes of both a Trustees, report and dlreclors, report under company law. The Trustees confirm Ihot the Annual Report and financial statements of the charitable company comply wllh the current statutory requirements. the requirements of the ch8rilable Gompanls governing document and the provislons of the Slalarnènl of Recommended Practlce ISORPI appllcable lo charldes preparlng thelr aGcounls In aGcordanc8 with the Financial Reporung Standard applicable In the UK and Republlc of Ireland {FRS1021 leffectlv8 1 Janugry 2019}. Slnce the group and the Charlty quallfy as small under 8ectlon 383 of the Companles Act 2006, th8 Group Strategic Reporl required of mgdium and large Gompanles under tha Companies Act 2006 Islr8teglc Report and Directors, Roportl Regulations 2013 has been omitt8d. Obj•ctiVO# And 8¢tlvitl•s . PollGlg• •nd obJectlve8 Th8 trust is established to ben8flt th9 publlc by.. advanclng Chrlsts"anlty In accordance wlth the doclrlnes of the faith rgligvlng pgople who aro in ¢harftsbl8 nèèd. becau8e of 8lcknas8 or poor health, aoa, flnanclal hard8hlp or some other r8ason promollng and providSng educallon Ilncluding vocational IraSnlng} promoting Such other charllablo objects as the trustees sho11 from Ilme to Ilmo dglarmine. The ch8rlly trustees have exercSsed Ihelr powers wSlh due reg8rd to the guSdance on publlc bengflt publlshod by the Charity Commlssion to promote the charitls obSecllves through our maln 8clivili8s. whlch are descrfbed below. All our chari18ble 8cUvlUes fLKu8 Qn the four purposes outlined above. b. Str•togl•# for achl•vin9 obl•ctlv•• The charllable objecllves mel under thg followlng SIX 8re88'. Sunday 8ervlce8 Famllies Discipleship and comrnunlty Servlng the clty Serving other church Global mlsslon A¢hlovgmgnts and p9rform•nGg a. Maln achl•v•m•nts of th• Charlty Sunday $orvlcg8 Wg have offgrgd two in*grson sgrvi¢&s on Sunday mornirbgs throughout the year. The later gervlce 8ttr8cts more visitors and those new to tho church so we have lo be more inlenlional in encouraging community. The earfier seNlce 8ttracts far mor8 families than the later one. We have seen slow but steady 9rowth in 18rms of att8ndance throughout the year. Page 3
NEW LIFE CHURCH MILTON KEYNES IA Company Llmlted by Guarantee) TRUSTEES. REPORT ICONTINVED) FOR THE YEAR ENDED 31 AUGUST 2025 Achlevomgnts and perfOrnian {contlnu•d) Our online services have continued throughout the year with the whde of the first service live-slroamed onlo YouTube. toking appropriate steps to safegu8rd any under-18s that may appear on camera. On Monday. the vid80 is edited lo provide Ih8t week's $8m)on as an on-demand offering. A volunteer team has become more establlshed dudng thls tlme, and we find this Servi is welrK)med by those unable to attond in person, a8 well as those who are conslderfng dolng so. In ling Wrth our commitment to incluslon and dlver81ty, we undertakè regular audlts of th6 population we serye. We gathered data in February 2025, whlch revealed wa continue lo be a mulli-cullural and multi-gengralional church. Th18 roflecl8 the n81ure of Mllton Keynes. Famlllos We continued lo focus on equipplng parents lo disciplo thgir thildrgn rather than relying on tradltlonal Sunday school-ste input from church staff and volunlegrs. As p8rt of this our Families leader and team off8r an In- housa devolop8d programme of leaching that refi8Cts the 8emon serfes belng d81iv8red lo thè adults. Chlldren and youth also loln wlth Ihg wor8hlp In th8 8udRorlum. For thos8 engaging onlln8 or uslng our on4omond sermon offerlng, the resoufGes used on Sunday momlng8 were available for download. Our Shine your Light event In October 2024 was an altemalive lo Hallowe8n. and attracted 157 people con81sllng of 43 f8milles. Th18 y88r we had twice the number of InvSl&d famllies loln us {8 wmpared lo 4 last year.) The youth Continued to flourlsh wllh weekly meetings on Sunday8 and Fridays. We sent more than 100 youth plus loam lo the key in-person summer event- newday- whlth 18 81way8 a hlghlight of the yaar. This was 10% more than attended the prevlous year. DIKlploshlp Jnd Gommunlty In the autumn term of 2024 we ran s series of Advance trainlng and 8qulpplng gvenlngs to encourage people lo be dlsclple5 who make dlsclples. Wg invited somo outsidg speakers wlth speclflc glfts In sharfng the gospel wllh others. as well as drawing on our own evangolisls. During the spring and summer terms of 2025 we returned lo encouraging parucipallon in small groups. These offered a wde r8nge of activitie5 and conllnued to be a good way to engage people in splrtlu81 growth and community. Ovgr Ih8s9 tgrms we ran 78 small groups, compared to about 110 over three terms In the prevlous year. More than 330 people slgned up aach lem. Throughout the year there w8$ a focus on equipping people lo share their faith on a on0-tne basis. The School of Mlsslonal Llfe ran from October lo July. WTth 25 students graduating in July 2025, plus 20 team receiving cèrtificates of attendance. Several stud8nts from th8 school w8nt on ov8r888s mlssSon trips to support churthos know 11 In Ath8ns, North Macedonla, Albanla and V81enda, Spaln. Th& Sozo te8m conunued lo offer In-person appointments alongsidg an online offering. Thls gulded prayer mlnlsty. orfglnaling in Bethel Church Redtjing, is a very effective way of allowing the Holy Splrlt lo lead people into greater freedom from wounds and oppression. Th8 team continues to deliver al least one appointment a week. The pastoral team continued to do a good job of supporting those who hava 8ddition81 needs because of Illness, bereavement, or other physical or gmolional diffioulties. Pag8 4
NEW LIFE CHURCH MILTON KEYNES IA Company Llmlted by Guarant••l TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 hl8v0monts and pgrforman¢o IGontlnued> S•rvlng th• clty We provide funds and mgetsng room space lo The Ridgeway Community Tru81, whlch continued to 8UPPOrt those In neod In th8 wlder communlty Sn Mlllon Keynes through th8 eMbarK Chrtstlan counsalllng seNlce. Speaking English provides free English language classes lo students from many different backgrounds once a week during school terms with an average attendance of at least 22. In addition lo classes, the group also offered occaslonal soc181 acllvllles.. Ihese were well-received. The Communlly Cafè al Unlly Park Stslion catered for 75+ guests every Tuesday and Wednesday. They were provlded with hol food and drlnks, logglher with access lo other Important servlces from haircuts lo support wllh benefit appllcalions. Thls operated In partnershlp with Unlly MK (prevlously known as tha Mlllon Keynes Wlnler Nlghl Shellerl. We 8150 provided ov8mlght accommodation for the homel8S8 and vulnerable on Wednesday evenings through tho winter In partnershlp wllh Unlty MK. Tho GreenleyE Communlly Club conllnued lo grow, wlth local reslden18 beSng very 8UPPOrtlve of the weekly actlvllies. Tho hv4rdshlp fund contlnued lo provlde emergency financlal support to those In need. Over Ihls flnanclal y8ar 24 grants were made lolalllng £6,827. A new inilialiv6 èxplored a franchlse agreement with Hope in Action, a charlty that facilltalès house purchases that enable organisalions to provide accommodation for some of the most vulnerable in society. New Lrfa received a generous legacy glft to enable a house purchase, which completed 8t the start of this financial y08r. WhSle the house Is owned by New Life, the franchi80 8greem8nl 18 with the Rldgeway Communlty Trust. Work has been ongolng throughout the year In preparation for the first r88idenls in 2026. Ridgeway C8ntr8 Confèr8nclng provides Milton Keynes with a hlgh-quallly conference and meeting venue, The 188m faced 8 challenglng y88r and achieved a lower than anllcipaled Income of £362.62712024 £391,549). This covers the cost of staff for the business. much of the runnlng cost of The Rldgeway Centre. Includlng cleanlng ond roullng malnlgnance, plus a proflt this year of £92,577 {2024 £106.5871. S•rvSng other church•• We continued lo build friendships and provided support to a numb9r of Churche$ in tha Calalysl Ngtwork of Churches ICNCI. Sharon Clark Ss part of ils core strategy team. Sharon Clark also prOdeS speclalist project support up to 4 hours each week. (The church rèceivè8 finan¢i81 support from CNC for the latter.} Wo providod preachgrs to sgvoral other churches on a regular b8sis, including churches in Ao$bUry and Towcester. We contlnued to have good r6latlonshlps wlth other churches In Mllton Keynes. The charlty Is a member of the Evangellcal Alllance. Glotjal mission We continued our lationshiP wth the charfty Mercy In Action, whlch work8 Street chlldren In th8 Phillpplnes. Frank Clark serves as a Iruslee. P8ge 5
NEW LIFE CHURCH MILTON KEYNES IA Company Llmlted by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Achiev•rnonts and performance Icontinuod) We Continued to support Cally Magalhaes who Is worklng In Sao Paulo wllh young offenders. Her work malnly conslsts of running psychodrama courses In prison and providlng support to the young people when they are rolgasgd. A tgam from New Lifo wtll vl811 Cally in March 2026. We hav8 conunued to buSkl a relauonshlp with Trlnltas Church In Skopl8, North Macedonla. Students from our School vl8lt8d durlng the year lo support Ihelr work. We supported a church in Valencia. Spaln. which had grown considerably over the past 12 months. Students from our School vlsited11 durlng the year, and wlll do so agaln In 2026. Relationships with ¢hurchos in Albania have continued lo grow, and another learn of students visited there. We also havo good relationships with church leaders in Greec8, Izmir {Turkeyl. India, Kenya and various other conlrles. Zoom and Mlcrosoft Teams are both hlghly b8n8flcial foT devgloplng rolationships with GhurGh 18aders outslde of tho UK b9Gause11 puls evoryone on algvel playln9 fleld. Flnanclal r•vl•w a. Golng concern After making appropriate enquiries, the Trustees have a reasonable expeclalion that the Charity has adequat8 resou8$ to ¢onlinue in operational existence for the foresoeablo future. For this reason, they contsnue to adopt the golng concern basls In preparlng the lin8nclal 8talements. Further detai18 regarding the adoption of the golng concern ba818 can be found in tha accounting policla8. b. R•sopi•¥ poll¢y For the current flnanclal ye8r, the largel level of free reserves equal88 to three to 81x months of the annual 8xp8nditure budget, less gbvlng (UK and ov8r88a81, depreclalion, event exp8ndltur8 and Ill stlll avallable) a month mortgage paymant holiday. This protects our staff pay roll from any unexpected cash flow Issues. . 8gclal In¥tMn New Llfe Church dld not have any s¢xlal Investmènts In th18 accounllng year. d. Princip•l Ti*k8 and unc•rtalntlgs The charity Is financlally d8pend8nt on th8 voluntary support of th8 g8n8ral public making donations logather wllh Income frorn conf&renclng and offic8 f8nla18, and from In8tllullon8 and charllabl8 Iruslslfound8tlons awardlng grants. Total voluntary Incom8 raceipls for tho yoar, Including Gift recovery and miscellan8OU5 incom8. amounted lo £1.391.733 {2024 £1.304.3221. The church's total expendllurg was £1.301,163 12024 £1.167,1801. The financial position of the church at 31 August 2025 remains positive. Bulldlng space Is currently about 90Y4) meeting rooms and halls an¢J 10% offices. Management and adrninislration costs relat8 lo staff costs. office supplies, photocopying, insurance. professional fees and leaning. The trustees approve an annual budget and give regular attention lo financial SU115, variance from budgets and non-financlal Indicators. Page 6
NEW LIFE CHURCH MILTON KEYNES IA Company Umlted by Gu•ronto0) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 During the year th8 church had four full-lime employe8s Isenior Leader, conferencing and events staff, and 8 digitsl content manager) and MO than 30 part-lime emplc*yees. The average number of staff during the year was 3312024 - 351 and the lolal remuneration for the year came lo £653,040 {2024 £571.0561. The cost of the end of ye8r 8udit was £10,380 plus VAT. The total cost of £15,180 includ8S th8 prgP8ration of the financial statements for New Llf8 Chuich Milton Keynes, Ridgeway c8nlr6 Conferenclng LSmll8d and Rldgeway Communlty Trust. •. FlnanGlal offvGt of ¥lgnlflcant ovants During the year, a propety in New Bradwell. known as Holding Forth Chflslian Cenlre. w85 acquirod uslng rèslrlctsé lunds brought fornard that had been previously $01 a slde and through taking out a mortgage against the property. An addilonal propgrty In Grggnleys, Mllton Keynes, known al 18 Oxm8n Rood, was acquired using fund brought fornvard In ralalion to Hope Into Actlon. Structure. gov•manc• and manag•ment
. Constitutlon
New Ltle Church Milton Keynes Is registorgd as a charflable compony Ilmltfjd by guarantee and was sèl up by a Memwandum of AssoclalS0n. b. Method• of appolntm•nt or •l•ctSon of TN•t••• The managemènt of tha Group and th8 Charfty Is the respon81blllty of the Trustee8 who are elected and co optad und8r th8 t8rms of th8 M8morandum of Associallon. Th8 Charity was reglstered 88 a Company Ilmited by guarantee on 15 March 2007 wllh a Memorandum and Artldes of Assoclatlon and as a Charlty on 25 February 2007. The trusteos. who arg o1$0 Ihg dirg¢lor3 for thg purposg of eompony18w, ond who 8eNed durlng the year and up lo Ihe date of slgnalure ol the flnancial statements are Ilsled on p9ge 1. . Organl8atlonal Structure and dtclslon-maklnq pollcl•• The Irusle93 moot al 198$t three limes a year. Existing tru$toe¥ are authorised to appoint new tru$lee8 lo fill vacancies arising through rgsignalion. removal or death of on9 of Ih8ir number, and lo appoint additional trustee8. Thè Trust Deed authorises the Trustees to maka and hold inv88tments u8ing the genoral fund8 of the charlty. No such Invgstmenls are prgsenlly held. A Delegated Safeguarding Officer. together wth a team of nominated safeguardlng personnel and safeguarding administrator, ensure all necessary staff and volunteers are police checked. We are registered under the Data Protection Aol. The charity is committed lo delivering goi)d pradice in all regulated areas. such as Health & Safety. Child Protection. eic. Day404ay operation of the charity 15 carried out by a team of employees and volunteer team leaders. Pag8 7
NEW LIFE CHURCH MILTON KEYNES IA Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 StN¢turè. govemancè and managemént Icontlnuedl d. Pay pollcy for k•y managamant personn•l During the year the following trustees were remunerated, includlng gross 88lary, mllèage allowance. 8xpen888, and emplor8, p8n8ion conlrlbutions.. Above £60.000 £50,000 - £59,999 £40,000 - £49,999 £30,000 - £40,000 Non8 Tim Wllllams Nono Sharon Clark Davld Samuel Eyeinglon ITruste8slSenlor Leaderl (Trusteelcommunications Leader- p8rt.limel (Trusleelschool of Mission81 Life Lead8r- part-tlmel The above payments ware made under CI8U8e 5.15 (for salarfes and p8nslons} and 5.2.2 {for expenses) of the Memorandum Of Assoeialion dated 25th February 2007. Salaries and pay incrgasos for membors of the senior staff team are sel by an independent remuneration committee made up of non-remuneraled tnjslees. This committee lakes into consideration th818vel of responsibllity resting w(th each person, dellvery of key oblecllves throughout the year, comparison of salarfe8 wlth other churches of a 8lmltar 81ze, and the fund8 avallab16 for salarles wlthln the NLC budg81. Statement of Trusto••' re8ponilbllltle• The Tnjsteos Iwho are also Ihe dlr8Ctors of the Charity for the purp08es ol company law} are responslble for preparlng the Trustees, Report and th8 flnanclal statements In accordance wllh appllcable law and Unlted Kingdom Accountlng Standards Iunited Klngdom Generally Accepted Acctsuntlng Practice). Company law requires the Trustees lo preparg financial slalemenls for each financial . Under company law, the Trustees musl not approve the financial statements unless they are satisfied that they give a Irue and fair vlew of th8 stata of 8ff8irs of th8 Group and the Ch8rSty and of their incorning resources and applleallon of resources, includlng their Income and expendkure, for that perlod. In preparfng thèse financlal $talaments. the Trustg8s are required to.. select sultable 8ecountlng pollcles and then apply them consistently. observe the methods and prin¢lplès of thè Charitiès SORP IFRS 1021., make judgm8nls and accounting gslimales that are reasonable and prudent- 81ate whèther applieable UK Aceounling Standards (FRS 1021 hove been followod. sublecl lo any material departures disclosed and explalned in the financlal statements- prepar8 th8 flnancial stal8m8nts on the going concgm basis un19$8 It is InapprOpat0 to presume that the Group will Continue in busingss. The Trustee8 a r88pon81ble for keepSng adequate accountlng records that are SLrfficient to show and explain th8 Group and the Charitys ITan8aclions and disclosè with r8asonable acGuracy at any lime the financial position of the Group and th8 Charlty and 8nabl8 them lo ensur8 that th8 finBndal slat&mgnts comply th the Companigs Act 2006. They are also responslble for safeguardlng the assets of the Group and the Charlty and hence lor taking reasonable steps for the prevention and detection of fraud and olhor irregularitigs. Page 8
NEW LIFE CHURCH MILTON KEYNES (A Company LIMIt by Guarantee) TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Disclosure of Informatlon to audltor• Eoch of Ihe porsons who are Trustees at the tlme whèn thls Trustses, Report is approved has confirrned that.. $0 far as that Truslo9 Is aware, there Is no relevant audll Informatlon of whlch tha ch$rftsble group's audllors are unaware, 8nd that Trustee has taken all the step8 that Ought to have been tskèn as a Trustee in onler lo be aware of any rglevanl audit infomiation and to estab118h Ihal the charltabla group's audltors are aware of that Snfomiatlon. Audltorn Th8 audhor¥. Streetj Audlt LLP. have Indicated Ih8lr wllllngn888 to conllnue In office. Th8 d081gn8t8d Trusteas wlll propose a rn00n reappoinllng the auditors at a mgeling of the Trustees. Approvad by ord•r ol the mgmbors of tho board of Tru8ta88 and slgnad on thelr b8haW by. Mr G R Moor• Chalmian Date: 2 March 2028 Page 9
NEW UFE CHURCH MILTON KEYNES {A Company Llmltod by Guarant•e) 114DEPENDENT AUDITORS, REPORT TO THE MEMBERS OF NEW LIFE CHURCH MILTON KEYNES Oplnlon We have audited the financial slalements of New Llfo Church MiKon K9ynos Ilhg 'parenl ¢harltsbl& company.) and ils subsidiaries lth8 'group'l for the year ended 31 August 2025 which comprise the Consolidated Stalomenl of Finanaal Activities, the Consolidated Balance Sh&81, thè Charity Balanc8 Sheet, the Consolidated Stat8ment of Cash Flows and Ihe related notes, including a summary ol significant accounllng policies. The financial r8POrting framework that has been applied In Ihelr preparation Is applicable law and United Kingdom Accountlng Standards. Includlng Flnanclal Reportlng Sland9rd 102 'The Flnancial Reportlng Standard appli¢able in the UK and Republic of Ir8land' (Llnlled Klngdom Genaralty Accgptgd Accounting Pra¢lSce}. In our opinion the financial statements.. glve a true and falr view of the state of the Group's and of the parent ch8rftsble companvs affalr8 88 at 31 August 2025 and of the Group's incoming re80urce8 and appllcallon of resource8, Includlng Its Incom8 and expenditure for tha year then ended., havg bgen properfy prepared in accordance Unlted Klngdom Generally Accepted Accounllng PraGUGe', and have been prepared In 9rdance wllh Ihg requlrements of the Charities Act 2011. Ba•ls for oplnlon We conductsd our audit In Èccordan¢è wlth Intematsonal Standards on Audltlng IUKI IISAS IUKII and appllcable law. Our responsSbllllies und8r those slandafds arfr further descrlbed In the Audltors, r8spon81blllll8s for the audrt of thg flnanclal sl81gmenls sectlon of our report. We are Sndependenl of the Group In accoréance whh the gthlcal requlremenls that are relevant lo our audit of the financial statements in the Unlled Kingdom, Including the Financial Reporting Council's Ethical Slandard. and we have fulfilled our other ethical responsSbililies Sn accordance with the58 requirernents. We believ? that the audit evidence we have obt8inod Is sufficient and appropnale lo provide a basis lor our opinion. Concluslon8 r•latlng to golng conc•m In audlting the financial stalèmtnts, we have concluded that the Trustees, u50 of Iho golng wnGem basis of g¢counting in the preparation of th9 ffnancial slaloments Is appropriate. Based on the work we have perfornied, we hav8 not Idenllfled any m8tsrfal uncertalntle8 relallng lo even18 or conditions that. individually or collectlvely, may cast slgnificant doubl on the Group's or th8 parent ¢hg1ilable company's ability lo continue as a going concorn ft)r a period of al Igast Ve1Ve months from when Ihg financial statomonts aro authorised for issue. Ovr responslbllltles and the responslbilltles of the Trustees with respect to going concern are described in the relevant 8ecllon8 of Ihl8 r8POrt. Paga 10
NEW LIFE CHURCH MILTON KEYNES {A Comp•ny Umlted by Gu•rant••l INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF NEW LIFE CHURCH MILTON KEYNES (CONTINUED) Olhor Infomiatlon The other information comprises the informallon included In tho Annual Report olhgr than the financial statements and our Auditors, Report therèon. The Trustees ar& r8sponsibl8 for the other information contained within the Annual Report. Our opinion on tho financial 81alemenls does not cover the other information and. except lo the exlenl otherwise explicllly staled in our report, we do not express any form of assurance concluslon Ihereon. Our responsibility is to read the othar information and, In doing so, consider whether the other information is materially inconsislenl wllh the flnancial stalamenls or our knowledge obtained In the course of tha audit, or olheNise appears lo be materially missialed. If we Ident such material Snconslslancies or app8rent material mi8ststemenls, we ar8 requlred to delermlne whether this gives rise lo 8 material mlssl816m6nl In the financial $lalgmenls Ihemsolves. If, based on Ihfj work we have pèrformed, we conclude that Iherg Is a matgrlal misslalgmenl of Ihls other Informallon, we are requlred to report that fact. We havg nolhlng lo report In thls regard. Matters on whlch w• ar• rnqUIr to rnport by ¢xceptlon We havè nothing lo Teport In respeGI of the follong matters where the Ch8rllies IAccounls and Reports) Regulatlons 2008 rgqulrgs US to report lo you if, in our oplnlon: the Informallon glven In thé Trustges, Report 1$ Incon81stent In any materfal respect wllh the flnanclal 8t8lemenl3.' or the parent charitable company has not k8pl sufficlent accountlng records., or the parent tharltsblg company Inonclal slatgm9nls are not In agreement wllh the accounllng records and rèturns- or we hove not reoelved all the inlomiatlon and expl8nallon8 we requlre for our audll. Ro•pon•lbllltl•# of tru•t••i As explained more fully in the Trusl88s' Responsibilities Stst8menl, the Trustees Iwho 8r8 also the directors of the charttab18 company for tho purpos8s of comp8ny law) aro respon81ble for the pr8parallon of th8 financlal slalemenls and for belng satisfied that Ihay glve a true and falr vlew, and for such Sn19rnal control as the Trustees determin8 is necessary to enable the preparation of flnanclal stalem8nls th8t are freg from malerfal mlsststemenl, whether du9 to fraud or grror. In preparfng the flnancial slalemenls. the Trustee5 are respon51ble for asses51ng the Group'5 and the parent charllable companls ability lo continue as 8 going concem. disclosing, as applicable, matters related lo going c(Jncern and using the going concern basis of accounting unlgss the Trustees elther Intend to 1Squidate the Group or the par¢nl charit8ble company or to cease oper8tlons, or have no reallslic alternative but to do so. Page 11
NEW LIFE CHURCH MILTON KEYNES IA Company Llmlted by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF NEW LIFE CHURCH MILTON KEYNES ICONTINUEDI Audltor8' r•8pon8lbllltl•8 for tho audlt of the flnanclal statemonts We have b9en appolnted as auditor under section 1 $1 of tha Charlll86 Act 2011 and report in accordance wlth the Acl and relevant regulations made or having effect thereunder. Our oblecllves are lo obtain reasonable assurance about whether the fin8nci81 statements as a whole ar8 free from material misstslèment, whether due lo fraud or error, and lo issue an Auditors. Report that Includa$ our oplnlon. Reasonable assurance Is a hlgh level of assurance, bul Is not a gu8ranl89 that an audit conducted in accordanc8 with ISAS IUKI will always d8t8Ct a material mi8slalement whèn It axists. Mlsstatemonls can arSs8 from fraud or error and are consldored rnatgrlal 11, Indlvidually or in the aggregatè. Ihay coukj reasonably be expectéd lo Influencè the 8conomic declslon8 of u8er8 tsken on the basis of Ihesa financial slat8m8nts. Irrggularlugs, Includlng fraud, ara Instances of non-comp118nce wllh 18W8 and regulallons. We d951gn procedures In Ilne wSlh our responslbllSlles. outlined above. to delect maledal mi8slalemenls in re8P8cI of irregularllles, IncludSng fraud. The extent to whlch our procedures aig capable tsf deleeling irregularitl8s, indudlng fraud Is delalled below.. Our approach lo idenllfying and 8s$e8$ing the risks of malerlal mlsslalement In respect of Irrggularftlgs, Including fraud and non<omplIae with laws and regulellons, was as follows.. the engagement partner ensured Ihal the engagement teom collectively had the appropriatè competence, capabllllies and skllls lo idenllfy or recognlse non-compliance with applScabla laws and regulation we identified the law8 and r8gulalions applicable lo the company through discussions with Irust88s and glh8r management. and from our commercial knowl8dg6 and experfence of the charity we focused on spgcifiG laws and rggulalion5 which wa ¢onsldered may have a dlrect malerfal effect on the ffinanclal slalemenls or the operations of the company. Includlng the Companl8s Act 2006, Ch8rltle8 Act 2011, d818 protecllon, employment, laxatlon, envlronmenlal and health and safety leglslallon we assessed the ¢xlenl of compliance wilh the laws and regulations idenlifled above through makfjng enqulries of managem8nl and inspecting legal correspondence; and Identlfied laws and regulations were communlcated within tho audit team regulady and the team rèmalned alert to In5t8nc8s of non-compllanc8 throughout the audll. We a8se$sed tho su8Gepllblllty of the compan1$ financial stst6ment8 to malerlal ml88talement, Including obtaining an understanding of how fraud mlght orLur. by: making enqulries of m8nagemgnt as to where thay considered Ihgre wa$ susceptibility to fral and thèir knowledgè of actual, suspected and alleged fraud., and consldering the intomol controls in place lo mitigalo risks of fraud and non4ompllanc8 wllh laws and regulallons. To address the risk of fratsd Ihmugh m8nag8menl blas and overrlde of controls, we.. performad analytical procadures lo identify any unusual or unexpected relallonshlps., tested loumal entries to identify unusual Iransa¢lions'. assessed whetherjudgemenls and assumptions mado in determining the accounting estimates Set out in Note 1 were indic8tive of potentlal blas,. and investigated the ralionole behind $ignifiGonl or unusu81 Ir8nsadon8. In response to the rlsk of Irregul8rfes and non -compliance with laws and Tggulalions. wo design8d pro¢edura$ which included, bul were not limited lo.. agreeing fir*ancial statements and disclosure5 to undedylng supporting docurn8ntation,' reading the minutes of govemor meetings of those charged wtth govemanc8' and &nqulrfng of management as to actual and potential Itttgallon and claims. Pago 12
NEW LIFE CHURCH MILTON KEYNES {A Company Llmltèd by Guaranteo) INDEPENDENT AuDrroRS' REPORTTO THE MEMBERS OF NEW LIFE CHURCH MILTON KEYNES ICONTINUEDI A further descrlptlon of our responsibllities for tho audll of th• flnandal slatom8nts 1$ localad on the Flnanclal Reportlng Coundl's website at.. www.frc.o .uklauditor8res onsibllllies. Thls dgscriplion fornis part of our Auditors, Report. U¥• of our report Thls report is made solety lo tha charitable compan¥s trustags, as a body. in accordance wllh Part 4 of the Charities (Accounts and Reports) Regulatlons 2008. Our audlt work has been und8rt8kan so thal we might slatg 10 th8 charitable companls ITU81ee8 those matters we are requlred to slal8 to them In an Auditors, Report and for no other purpose. TD the fullest extent pemiitted by law. we do not accept or 858um8 SpOnSIbIlIty to anyone other than the charllable company and Its members, as a body, for our audlt work, for thls r8POrt, or for the oplnlon8 we have formed. Aik LLP Str••t• Audlt LLP Chartered Accountants Potton House Wfftslon Lake8 Greal North Road Ol0n Bedford MK44 3BZ Date.. I931 Streets Audll LLP ar8 811glble to act as audllor8 In tems of sectlon 1212 of the Compan188 Act 2006. Page 13
NEW LIFE CHURCH MILTON KEYNES (A Company Umltsd by Guar•ntao CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 AUGUST 2025 Unrestrlcted funds 2025 Restrlcted lund8 2025 Total funds 2025 Total funds 2024 Note Income from: Donations and legaciès Charilabla activilias Othgr trading activi1108 Investments 924,653 76.248 362.564 28.268 82,352 1,Q07,005 76,248 362,564 28,268 1,295,8TI 73,292 391,549 27.769 Total InGorn• 1,391.733 82.352 1,474.085 I, T88,481 Exp•ndlturo on: Ralslng fvnds Charitable acUvitieB 259,543 1,110,374 259,543 1,198,785 275, 171 960,229 88,411 Total exp•ndltur• 1,369,917 88,411 1,458,328 1,235,400 Not Incom•ll•xponditur•} Transfers b8een fund5 21,816 822,138 16.0591 1822,138) 15,757 553.081 18 N•t mov•m8nt In fund• 843,954 1828,197) 15.757 553.081 Roconclliatlon ol fund8: Totsl funds brought forward Nel movement in funds 2,627,604 843,954 901,524 1828,1971 3.529.128 15,757 2,976.047 553,081 Total fund• carrlod forward 3.471,558 73,327 3.544.885 3,529.128 The Consolidated Ststemenl of Finandal Aclivltie3 includes all gains and losses recogni5ed in the year. Th• notès on pages 20 to 38 form part of these flnanclal slalgments. Page 14
NEW LIFE CHURCH MILTON KEYMES {A Company Llmllod by Guarantee) REGISTERED NUMBER: 06162241 CONSOLIDATED BALANCE SHEET AS AT 31 AUGUST 2025 2025 2024 N¢)t• Flxod a¥*èts Tanglbl8 assets 13 4,432,680 3,036,065 4,432,680 3,036,065 Currant as•at• Debtors Cash at b8nk and In hand 15 104,859 653,614 106,277 1,409,665 758.473 1,515.942 Curr•nt Ilabllltl•• Crgdllors.. amoun15 falllng dug withln one year 16 (446,4191 (232.006) Not current a•••t• 312,054 1,283,936 Totsl a•••t8 l••s curr•nt Ilabllltl•• 4744,734 4,320,001 Creditors.. amounts falling due after more than one year 17 {1.199,849) {790,873J Tolal net a•8•t• 3,544,885 3,529, 128 Page 15
NEW LIFE CHURCH MILTON KEYNES IA Company Llmlted by Guarantee) REGISTERED NUMBER: 06162241 CONSOLIDATED BALANCE SHEET {CONTINUED) AS AT 31 AUGUST 2025 2025 2024 Notè Ch•rity fund# Restrlcted fijnds Unrestricted fvnds 18 18 73.327 3.471,558 901,524 2,627,604 Total lundi 3,S44,885 3,529, 128 Tho Charity was enli11gd to gx9mplion from audil under sectlon 477 of the CompanSos Act 2008. The members have not requlred the enltty to oblaln an audit for the year In quesllon in accordance wlth section 476 of the Companles Act 2006. fr4owgvor, an 8udll is roquired In accordano9 wllh section 151 of the Charfues Act 2011. The Trustees acknowledge Ihelr responslbSlltlas for complylng wlth th¢ Trqulrnments of the AGt with re¥pgrt to accounllng r8cord8 and pr•p8rallon of Ilnancl81 slat8m8nts. The financlal statements have b8en prepared In accordance wlth the provl8lon8 appllcable lo enlltle8 subloct lo the small companie8 reglme. Tha flnanclal statements were approved and aulhorf$ed for Issue by th• TTuslge$ and signed on their behaff by.. Mr G R M¢)or• Chalm)an Datè-. 2 March 2026 Th8 notes on pages 20 to 38 form part of the88 flnanclal ststsm8nls. Paga 16
NEW LIFE CHURCH MILTON KEYNES {A Company Limlted by Guarante•} REGISTERED NUMBER: 06162241 CHARITY BALANCE SHEET AS AT 31 AUGUST 2025 2025 2024 Not• Flx•d ass•t• Tanglble awls Investments 13 14 4,432,680 3,036,065 4432,681 3,036,066 Currant assets Debtor8 Cash al bank and In hand 15 114.328 584.180 105,322 1,338,430 698,508 1,443. 752 Curront Ilabllttlo• Credltor8.' amoun18 falllng dua wlthln one year 16 1392,4351 (164,423) Not currnnt a•••ts 306,073 1,279,329 Total •B80ts 103• curront Ilabllltl•B 4738,754 4,315,395 C¥8ditors.' amounts falling dug after morg than one year 17 11,199,849) (790,873) Total ngt 1•801• 3.538,905 3,524,522 Pa9817
NEW UFE CHURCH KEYNES IA Cornpny Llmlted ty Gu•ranleo1 REGISTERED NUMBER: 06162241 cHARr BALANCE SHEET (CONTINUED) AS AT 31 AU(aJST 2025 2025 2024 Not• Charity furKI• Re8tricled funds Unrestricted fvnd8 18 18 n,327 3A65.678 901,524 2.622.998 Total fun 3,538.905 3,524,522 The Charity8 net nv)vement In funds for the year was £14,383 (2024- £554,289). Tha Charity was enti01 to exerrptSon from athlit urKl8r Section 477 oflhe cnIe3 kt 21XT. member8 have rnt rtyuifed thè éntity to obtain an audll for year In qLwIkn in accordanc wtih JeL¢)n 476 of tho Companle8 kt 20C6. Hth¥ever. an 8ud4t IB roquId in ac¢rfd8nca wth gedon 151 of the Charilles Act 2011. Tty Tru8lees ac*novAedge Ihelr reBpwJll8ibilrtles for ComY1ng vAth the requlrerrnnts of the respect to ac4Junliry reoxd8 and prepara11( ol fina111 $tatonMt8. The finwrAal staknnts hgve been prepared In acctsrdanc£ vlth the provigions appIlble to entrtles 8uty.ect to the 8ffAII companies re91. The fin9nGl slatements wwe apwoved aulhori tr issue ty the Trustee8 8TrJ slgned on their teham ty, Mr G R Moor• Chairrron Date.. 2 2028 The n¢)ts8 on pges 20 to 38 fom F•t ofthese fin8naal statenmts. Page 18
NEW LIFE CHURCH MILTON KEYMES (A Company Llmltèd by Guarantee) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 Cash flows from operatlng actlvltles Net cash used Sn operating actfvllles 261,734 575,081 Cash flows from InvestSng actlvltl•s Divldends, Int8r8Sts and rants from Inveslmenls Purchas8 of langlble fixed assets 28.268 11.473.688} 27, 769 (16,991) Not cash lus•d Inyprovld•d by Inv••tlng a¢tlvltl•• {1,445.420) 10,778 Cash flows from flnonclng 4ctlvltlo1 Cash Inflow8 from naw borrowlng Repayments of borrowlng 500,000 172,365) (67,863J N•t ca•h provld•d byl{u••d In) Ilnanclng actlvltl•8 427.635 {67,863) Chango In cash and cash •qulvalents In th• y•ar Cash and cash equivalents at the beginnlng ol the year (756,051) 1A09.685 517,996 891,669 Ca•h and ca•h •qulval•nt• at th• •nd of th• year 653.614 1.409.665 The nolas on page3 20 10 38 form part of th8$9 flnondal $ts1gmgnts Page 19
NEW LIFE CHURCH MILTON KEYMES (A Company Umlted by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 AUGUST 2025 Genèral infomiatio New Llfg Church Mlllon Keynes Ss private company limited by guarantee incorpor8t8d In England and Wales. The prlnclpal place of busin888 and registered office Is The Ridgeway Cenlre, Featherstone Road, Wolverton Mlll. Milton Keynes MK12 5TH. Accountlng poll¢loS 2.1 Bas1$ of pr•parallon of financlal •tatoment8 The financial st8lemenls have been praparod In g¢cordan¢e wlth the Chadtles SORP IFRS 1021 Accounting and Reporting by Charllles: Slalemont of Recommended Practice appllcabl8 lo charS1ies pr8p8rtng Ihelr accounts In accord8nce with the Flnanclal Reporting Standard applicable in th9 UK and RepublSc of Ireland IFRS 1021 leffaetive 1 January 20191, the Financial Reporbng Standard applicable In the UK and Republic of Ir8land IFRS 1021 and the Companies Act 2006. Naw Llfe Church Mllton Keynes meets the deflnlllon of a publlc beneflt entlly under FRS 102. A88818 and Ilabllllles are IniallY recogn18ed al hlstorlcal cost or Iransacllon value unle88 olherwlse $18led In the relevant accounting policy. The Consolidated Slat8m8nl of Financlal Actlvltles ISOFAI and Consolldaled Balance Sheet consolSdale the financial slalements of the Charity and Sts subsldlary undertaklngs. The resuttg of the 8ub8idl8rle8 are consolld81ed on 8 Iln8 by Ilne b8sIs. The Charity has tÈken advantag9 of Ihg oxempllon allowed undar secllon 408 of tho Companles Act 200e and h8s not presented ils own Statement of Flnoncial Acliwlies in these ftnancial Slalements. 2.2 Income All Income Is recognSsed once thg Charlty has enlltlemenl to the Income, It Is probabla that tha Income wlll be recelved and th8 amount of Income recelvable can ba m8a8ured reliably. Income tax recoverable In rolallon lo invostmenl inwmg 1$ rgwgnlsgd 01 the lim9 the invesknenl income Is receivable. 2.3 Exp•ndltur• Expgndilure is recognised once there Ss a leg81 or constructive obllgatlon lo transfer economlc benefit lo a third party, it is probable that a transfer of economic benefits will be required in settlement and the 8mount of the obligation can be measured reliably. Exp8ndllur8 on charltable adlvltles Is Incurred on dlrectly undertaking the acllvlues whSch further the Group's oblecllves, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2A Government grant8 Government gran15 relating to tangible fixed assets are Irealed as deferred income and released lo the Consolidated Statement of Financial A¢tivilie$ upon Ihg completion of the rglevanl perfomiance- related conditions. Other grant8 that are not subject to performan¢e-relatgd conditions are credited to the Consolldated Ststement of Flnanclal AdvitI8s as the grant proceeds are recelved. Grants receiv8d prlor to the rovenua re&)gnlllon crftarfa being satssfled are recognlsed as a Ilabllty. Page 20
NEW LIFE CPIURCH MILTON KEYNES IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Aceountlng polici•* {¢ontinu 2.5 IntOT8St recfjlvablo Interest on funds held on doposlt Is Indud8d vA)en recaivable and the amount can be measured reliably by Ihe Group,. this is normally upon notification of Ihe interest pald or payable by th8 institution with whom tha funds ar8 deposited. 2.6 Tanglble flx•d a85Ot• and doproclatlon Tanglble flxed assets ar8 inS1ially recognlsed at cost. After recognltion, und8r the cost model, tsnglbl8 flxod assats ar8 m8asur8d 01 cast lèss accumulaled depreciallon and any accumulated Impalrrnent losses. All costs Incurred lo brSng a tsnglble fixed asset into Its Intended worklng condlllon should be Included In the me88ur8menl of cost. Deprgclallon 1$ charg8d so as lo allocate the cost of tanglble fixed assets less thelr re51dual value over their esumaled useful Ilves. Depr6clallon18 provlded on the folln9 bases: Frgehold propgrty Main buildlng 2Vo straight ling Speclflc work8 _ 100/0 8lr8ighl Ilne Land Is not deprecSated Solar panels- 4% straight line Heating and boiler system 3•k slralghl lino Acoustlc equlpmonl, drapgs. ¢arp¢t, Chairs and kllchen equlpment. 59A lo 10Dh stralghl Ilne MUGA- 10Yo slralght Ilne 33% slralght ling Flxture8 and flttlngs Comput9r gqulpmenl 2.7 Inv•stm•nt8 The chadw8 InveBtmenl In Its 8ubsldlary undertaklng18 Included at cost. 2.8 Dobtor¥ Tradè #nd oth6r debtors are rècognlsed at th¢ amount racov8rabl8. Prèpaym8nls are valued al the cost rglaling lo future accounting pgriods. 2.9 Cash at bank and In hand Cash al bank and in hand includes cash and short-temi highly liquid investments with a short maturlty of three months or less from the date of acquisition or opening of tho doposit or similar account. 2.10 Llabllltlos aDd pTovl$lon$ LlabS1illes are recognised when there18 an obllgallon at the Balance Sheet dale as a result of a past avenl, it is probable that a transfer of economic benefrt will be required in settlement, and the amount of the settlement can be estimated reliably. Pag621
NEW LIFE CHURCH MILTON KEYNES IA Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 A¢¢ountlng pollGles {Mntlnued) 2.11 Flnanclal Instrumenls The Group only has financial assets and financial liabilities of a kind that qualify as basie financlal instruments. Basic financial in$lrumenl$ are inilialty recognised al transaction value and subsequently measured 8t their settl8menl value with the exception of bank loans which are 3ub8equenlly measured al amorlsed cost uslng the effectlve Interest method. 1.12 P•n¥lon$ The Group contrlbul88 to a defined conlrlbution penslon 8chem8 and the pension charge represen18 Ihg amounts payable by the Group lo th¢ fun¢J In rèspect of th¢ year. 2.13 Fund accountlng General fund8 èrè unrestricted funds whlch are available for use al the dlscretlon of the Tru8tee8 In fvrtherance of the general oblodiv8s of the Group and whlch have not b8en designated for other purposes. Designated funds comprise unre81ricted funds Ihal havo been sel aside by the Trustees for particular purposes. The aim and use of each designated lund Is set out in the nol88 to the financlal 81alom8nls. R88trfcl8d funds are funds whlch are lo be u8ad In accordance th Speclflc reslrlctlons Smposed by donors or whlch havg been ral8ed by the Group for particular purposes. The purp0888 and use8 of each roslrlctsd fund are s81 out In the notes lo the financial slal8menls, Incom• from don•tlons and 1•gacIè# Unr••trlct•d R•strl¢tod fund• funds 2025 2025 Total funds 2025 Total funds 2024 Donatlons Conlribullons from mgmbeT8 922,760 82.352 1.005,112 1.293.834 922,760 82,352 1,005.112 1,293,834 Slmilar incomlng resourGes 1.893 1,893 2.037 924,653 82,352 1,007.005 1.295.8Tt Totel 2024 811, 712 484, 159 1,295,871 Page 22
NEW LIFE CHURCH MILTON KEYMES IA Company Umftèd by Guarant••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Incomo from charltable actlvltle• Unra6trlct•d funds 2025 Total funds 2025 Tol81 funds 2024 Income Telallng lo recharges Other Income from various sources 14,900 61.348 14.900 01,348 23. 733 49,559 76,248 76.248 73,292 Incom• from oth•r tradlng a¢tlvltl•• Incom• from non chrltabl• tradlng 8¢tlvl¢l•• Unrotrlctod lunds 2025 Totsl fund• 2025 Total funds 2024 RCCL conference Income Other Incom8 360.466 2,098 360.488 2,098 388,969 2,580 362.564 362,564 391,549 Investment Incom• Unrostrldgd fund$ 2025 Total fvnds 2025 Total funds 2024 RCT interest received Intere51 received Inleresl recelvable 14 14 28.145 109 11 27,652 106 28,145 109 28,268 28.268 27,769 Pagg 23
NEW LIFE CHURCH MILTON KEYNES (A Company Umlt•d by Guarant•o) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Expenditure on ral$lng funds othor tradlng axpon8•• Unr•$trlctod Iunds 2025 Total funds 2025 Total funds 2024 RCCL Dlrecl cos18 RCCL labour costs Cost of sales Admlnlstratlon expenses 68,185 148,500 4,807 38.051 68,185 148,500 4,807 38.051 95,376 144,493 4,957 30,345 259,543 259,543 275. 1TI Anaty#l# of exp•ndStur• on charltabh actlvltl•• summary by fund typ• Unr•strlctsd fund6 2025 R•strlct8d funds 2025 Total 2025 Total 2024 All age mlnlslry 1,110,374 88,411 1,198,785 960,229 Toto12024 892,009 68,220 960.229 Analysls of 0XndItl0 by actlvltles Actlvltles undertaken dlr•dly 2025 Total fund$ 2025 Total fvnds 2024 All age mlnlsty 1,198,785 1,198.785 960.229 Paga 24
NEW LIFE CHURCH MILTON KEYNES (A Cornpany Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Analysls of PandIture by activltlety l¢ontlnuodl Analy•ls of diro¢t ¢08tB All age mlnlstry 2025 Total fund* 2025 Total funds 2024 staff costs Oepreclalion Ministry and event expendllure Rent, ralos and insurance 520.201 77.074 113,644 12.236 520.201 77.074 113.644 12,236 440,023 78.375 82, 784 11,875 k ill Cleaning. rgpalrs and maintenance Heal and Ilght IT costs Gèneral office ¢ostS Cost of VAT rggislration Expendllure on reslrlcted ftjnds Donallons Bank charg88 and Interost Gov¢manGe costs 20.224 40,301 37.682 34.470 68.754 88.411 114.073 60,075 11,640 20,224 40.301 37.682 34,470 08,754 88,411 114.073 60,075 11,640 27,566 30, 795 27,111 29,553 68,220 82,641 69,543 11,743 1,198,785 1,198.785 960,229 10. Audltorn, r•mun¢rallon 2025 2024 Feas payable to the Charills auditor for the aL1t of the Chartys annual accounts 10.380 9.900 Page 25
NEW LIFE CHURCH MILTON KEYMES (A C¢mpany Llmlted by Guarant•e) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 11. Staff co8t• Group 2025 Group 2024 Charlty 2025 Chartty 2024 Wag8s and salallgs Soclal security CO8t8 ConlribulSon to deflned conlrlbullon pension scheme5 602.356 45A12 528,849 41,699 586.945 45,412 515,533 41,699 20,933 13.968 20,683 13.824 668.701 584,516 653.040 571,056 The average number of persons employed by the Charity durfng the year was as foll¢)ws'. Group 2025 No. Gmup 2Q24 No. Charlty 2025 No. Ch8rity 2024 Strategy Mlsslons Dlsclpleshlp Operatlon8 Communlcatlons Conferenclng 14 13 14 13 33 35 33 35 No employee received remuneration amounting lo morg than £80.0¢ in 9ither year. The k8y management personnel of the charlty comprl8e the truste88, 80me of whom undertake pald rol88 as part of the senlor management team. Thè tot81 amount of employee benèflls (Includlng èmployer n8Uonal insurance and pension wnlribuuonsl recolved by key management personnel for thelr servSces lo thg charlly was £108.31512024 £111,81QI. Page 26
NEW LIFE CHURCH MILTON KEYNES {A Company Llmlted by Guarant••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 12. Truste8s' remuneratlon and expensos During the year, one or more Trustees has been pald r8muneratlon ¢x has recelved other benefits from an ernployTnenl with the Charity. The payments are made under Clause 5.15 of the Memorandum of Associatson and are paid in Gonnection with their employment of the tharity and not in resp¢ct of their role as trustees. The value of Trusle88' remunerallon and other baneflls w88 as follows.. 2025 2024 Mr5 S J Clafk Remuneratlon Pension contributions pgid Remuneratlon Panslon contrlbullon8 pa R8muneratlon Pension contrlbulions paid 24.913 934 20.398 1.854 46.277 5,742 29,896 Mr D S Ey8lngton 20,398 1,854 45,795 3,664 Mr T Willlams Dur)ng the year ended 31 August 2025, expen898 totalllng fJ,013 were relmbursed Of pald dSroctly lo 5 Trustees (2024- £3,404 pald to 6 Truslegs). Page 27
NEW LIFE CHURCH MILTON KEYNES {A Company Umlted by Guaranto0) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 13. Tanglble flx•d a88•ts Group and Charlty Fr••hold Flxtur•i and propety flttlngs Comput¢r equlpment Tolal Cost or valuatlon At 1 September 2024 Addltlon$ 3,28S.827 1,220.488 613.863 250.747 7.228 2,453 3,906,918 1.473.688 At 31 AUSt 2025 4,506.315 864.610 9,681 5.380.606 Depreclatlon At 1 Seplomber 2024 Charge for the year 518,629 39,380 344,995 37,354 7,228 340 870,852 77.074 At 31 Augu812025 558,009 382,349 7,568 947,926 Net book valu• Al 31 August 2025 3.948,306 482,261 2.113 4.432,680 At 31 August 2024 2, 767,198 268,868 3,036,066 P8ge 28
o) ryo
NEW LIFE CHURCH MILTON KEYNES (A Company Llmltsd by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 15. Oebtorn Group 2025 Group 2024 Charlty 2025 Charlty 2024 Due wlthln one y•ar Trade d&blorg Amounts owed by group undertakings Othgr debtors Prepayments and accruèd Income 43,888 42,904 13,104 10,500 90,724 48.383 26,000 30,939 10.500 50.471 26,000 37,373 104,859 106,277 114,328 105.322 10. Crgdltor$: Amounts falllng du• wlthln on• y•ar Group 2025 Gmup 2024 Charlty 2025 Charity 2024 Bank loans (see note 171 Trad8 credllors Amounts owad lo group undertaklngs Other tsxatlon and 8oGio1 se¢urfty P8nslon Ilabllllle8 Other creditors Accruals and deferred Income 107,995 28,358 89,336 20.509 107,995 11,618 2,500 80.068 10,630 4,402 175.222 89,336 11,276 9,961 9,81T 9,595 T,55T 26,881 80,074 10,630 5,247 216,117 9,81T 9,595 8,080 94,669 446.419 232.006 392,435 164.423 Deferred income includes le8se premium5 raceived in advance of £45.000 in relation 3 room8 al the Holding Forth Christian C8nlr812024 - É664- relating lo conference centre bookings paid in advance). Page 31
NEW LIFE CHURCH MILTON KEYNES (A Company Llmlt•d by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 17. Croditors: Amount¥ falllng due #ftèr morg than one year Group 2025 Group 2024 Charlty 2025 Gharlly 2024 Bank108ns {see below) 1,199,849 T90.8T3 1.199,849 790,873 Th8 bank loans are secured by fixed charges over the land on the South sidg of Featharslono Road. Wolverton Mlll 88 well a charge ¢)n Holding Forth Chhstlan Centre. The bank loans are made up of four Indlvldual loans, wlth the follong amounts outstandlng al thg reportlng dale.. £557,63612024 £607,478) Is repayable In 112 Inslalments from the reportlng date and Snterosl Is 10 be charged al a rale equlvalent lo 0.90/0 over base rate. £207,73512024 £218,395118 repayabl8 In 140 Inslalments from the reportlng date and Interest l¥ lo be tharged al a rale equlvalenl lo 2.SOA over base rate. £42,473 {2024 £54.335} Is repayabl8 In 37 In81alments from the reportlng date and interest 58 to be chargad al 8 rale equivalent lo 2.40k over base rate. £500,000 {2024 £NIII 18 r6pay8ble Sn 360 Inslalments from the reporting date and Inlergst Is lo bo charged al a rale equivalent lo 1.6% over base rate. Pagg 32
NEW LIFE CHURCH MILTON KEYNES (A Ct)mpaTry Llmlted by Guarant¢o1 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 18. Statement of lund8 Statsmont of funds - ¢urront y•ar Balance at 1 S•ptember 2024 Balance at 31 August 2025 Transfers Inlout Income Expendltur• Unrestrlcted fund8 Oeslgnated fund* Rldgeway Communlty Trusl 4.606 6,645 {21,2831 14,137 4,105 Gen•ral fund• General Funds Flxed asset reserve Ridggw8y Cgntro Conlergncing Limilgd Ridgeway Community Trust 1413.0671 1,022,510 {1,157,7991 {418,746) 3,036,065 177,0741 1,473,688 1987,1021 4,432,679 362,564 14 {110,9341 (2.827} {251,630) 4.889 1,876 2,622,998 1,385,088 11,348,6341 808.001 3,467,453 Total Unr••trlct•d funds 2.827,604 1.391.733 11,369.9171 822.138 3.471.558 Ro•trlcted fund• Hardshlp fund Ph8se 3 Bullding Acqulslllon Youth group$ MK Hub DRC Crowhur3ts 14.226 447,438 1,287 10.110 125 11.017 13.860 2,412 20.275 1.694 21,426 {7,0771 {7,7601 {3.4441 (26.2581 {1.8191 {16,6171 18.166 1453.5381 255 4,127 14.948 8.350 405.042 19,755 MUGA Hope Into Actson Donation5 for other Charities Spanish Floods {8.350) 1360,250) 2.049 3.473 6,146 {15.8521 {3.4381 16,1461 30.989 35 901.524 82.352 {88.4111 (822,138) 73,327 Total of funds 3,529,128 1,474.085 {1.458.3281 3,$44,885 Page 33
NEW LIFE CPIURCH MILTON KEYNES {A Ct)mp•ny Llmlted by Guarant••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 18. Statement of funds (contlnuedl Statgmgnt of funds - pTlor yoar Balance at Y September 2023 Balance at 31 August 2024 Transfers in/out Income Expenditu Unrnstrlctsd fund• D••lgnatod fundj Rldggway Community Trust 5,814 T,261 f18,685) 10,216 4,606 Gengrnl fund General Funds Flxed ass81 reserve Ridgeway Centre Conferencing Limiled (612,800) 3,097,448 905,512 (785, 159) (78,374J 79,380 16,991 (413,067) 3,036,065 391,549 (284,962) (106,58T) 2,484,648 1,297,061 (1,148,495) (10,216) 2,622,998 Total Unre$trlct•d lund¥ 2,490,462 1,304,322 (1, 167,180) 2,627,604 R••trict6d fund• Hardship fund Phase 3 Bullding Acquislbon YoLth groups Donations lor othér charitie$ MKHub DRC Crowhursts MUGA 15,631 442,988 9.098 4,450 5,960 11.358 22,928 394 14,766 8.350 406,262 593 (10.503) 14,226 447,438 1.287 f5,361) {11.358) (28,416) (394) (10,375) 15,598 125 10.555 10,110 t25 14.946 8.350 405,042 Hope Into Acllon Encounter Camp (1.220) (593) 485,585 484.159 (68.220) 901,524 Total of funds 2,976,047 1, 788,481 (1,235,400) 3.529,128 Page 34
NEW LIFE CHURCH MILTON KEYNES (A Company Llmllad by Guarants•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 18. Statement of funds Icontlnued) D8slgnat•d Funds.. Rid ewa Communit Trust - the activities of the subsldS8ry chadty have been consolldaled Snlo these accounts and th& not income from the recharge of s818ri85 and other costs. le58 donations made from New Llfe Church Mllton Keynes Is rèpresènted as 8 IrBnsfaT beiwoen funds. Unr•Btrlct•d Funds: General fund may b8 used for any charitable purpose. The negatlve reserve in the general fund reflects the Iru81888' declslon lo purchase the fr88hold property used by the charity wllh the 5UPPOrt of bank loan$. Tha oeneral fvnd balancè is restored to a positivo, free reserve as th8 bank loans are rgpakl from the GherS1ls annual operatlng surplus. Flxed asset reserv8 - the fund repr6senl8 th8 nel book value of the charflls tsnglble fixed ?s$9ts. DepreciaonI8 charged to the fixed assèt reserve and addillon$ are shown by way of o Iran$fgr betsveon funds. Rid ewa Centre confenCIn Llmiled the aclivllles of the 8ub8ldlary company h8ve been consolldaled inlo these accounts and the net Incomè received from the recharg8 of salaries and other costs, and from thè annual donation paid by Ridgeway Cgnlre Confgrenclng Llmlted to New Lfl8 Church Mlllon Keynes Is r8pres8nlad as a transfer into the charity's general funds. Restrlcted Funds.. All re8trlcle(l ftJnd8 relate to prolacts b8lng run by the charlty for thè followlng PUfPOSe8.' - lo accumulate funds lo asslsl those Indlvlduals In soclety who are in need Ph8se 3 8ulldin ulsllion to accumulate fijnds for the purchase of a new building, to be used lor both church and community activities. The fund includes ong-off and ongolng. ragulor glving as w91105 monles reGelved from glft da hekl by the church. Youth Grou s- to accumulate funds lo provlde support for those In need lor Nawday. Donallons for other chadlios - to accumulala fvnds on bgham of Other char98, for example In response to emergency appeals. K Hub- to aceumulata funds lo fijnd the hub of churches worklng wllh Richard Wlghlm8n RC - to accumulate funds to send to 8 connected church in the Democratic Republlc of Congo. rowhursl - To accumulate funds to support thelr mission work in Athens. Greece. MUGA - Funds donoted towards the Installation of a Mulli-use Games Area (MUGAI on The Ridgeway C8ntr8 grounds. into Acti Funds donal8d towards thg purchasg of a house for Ihg homg19SS. Encounter Cam Worcestershire. Funds ralsed towards the cost of enabllng the homeless to attend Encounter Camp. Pag8 35
NEW LIFE CHURCH MILTON KEYNES (A Company Llmhed by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 19. Summary of funds Summary of funds - current year Balance at 1 S•ptsmb•r 2024 Balance at 31 August 2025 Transfers Inlout Inme Expendlture Designated funds General funds R8Stricled fund8 4,606 2,822,998 901.524 6.645 121,2831 14,137 1,385,088 11.348,6341 808,001 82.352 188,4111 1822,1381 4,105 3,467.453 73,327 3,529,128 1,474,085 11,458,328) 3,544,885 Summary of fundi - prlor y••r Balance at I Saplember 2023 Balance at 31 August 2024 Tronsfgrs in/oul Income EXndItUrfj Deslgnaled funds General funds Reslrlcted lunds 5,814 2,484,648 485,585 7,261 1,297,061 484, 159 (18,685J (t, 148,495) (68,220) 10,216 (10,216) 4.606 2.622,998 901.524 2,976,047 1, 788,481 f7,235.400J 3,529, 128 20. Analys1• ol nel 888ets bètweon funds Analysls of n•t as$•ts botwoen funds- curr•nt year Unrestrlctod Rg$trfet8d fvnds fund• 2025 2025 Total funds 2025 Tangible fixed assols Current assgls Creditors due wlthSn one year Creditors due in more than one yoar 4,432.680 685,146 1446,4191 (1,199,849) 4,432,680 758,473 1446,419> 11,199,849) 73,327 Total 3,471,558 73,327 3.544,885 Pag6 36
NEW LIFE CHURCH MILTON KEYNES {A Company Llmttod by Guaranto?) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 20. Analysls of not as$•ts botwwn funds (contlnu•dl Analy81s of Mt as8•t¥ betWn fundB - prlor yg4r Unrestrtcled fiinds 2024 Restricted funds 2024 Total funds 2024 Tanglblg fixed assets Current assets Creditors due wllhln ong er Crgdilors dug In morg than one year 3,036,065 6t4,418 (232.006) (Tg0,873) 3,036,065 1,515.942 (232.006) (790,873) 901,524 Total 2.627.604 901.524 3.529, 128 21. R•conclllatlon of not mgvemont In fund¥ to not ¢oJh flow from oporatlng •¢tlvltleJ Group 2025 Group 2024 Net Income for the year las per Slatemont ol FlnanGS0l AclivltSesl 15,757 553,081 Adjustment• for: Depraclalion Charges Dlvldends. Interests and rents from Inve8tmenl8 Decrea8elllnGr8a8el In debtors Increase In cradltor8 77.073 128.2681 1.418 195.7S4 78,374 (27, 769) (56,448) 27.843 Net ca$h provld•d by oporatlng actlvltlos 201.734 575,081 Analy818 of cash and ca8h •qulval•nts Group 2025 Gmup 2024 Cash in hand 653,614 1,409,665 Total cash and cash aqulvalents 653.614 1,409,665 Pago 37
NEW LIFE CHURCH MILTON KEYNES IA Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 23. Analysls of chang•s in n•t debt At1 Septemr At31 2024 Cash flows August 2025 Cash $t bank and in hand Debt due withln 1 yoor Debt due aftor 1 ygar 1.409.685 1756.051Tr 853,614 (98,9311 {19,694Tr {118,625) 1790.8731 (408,976) 11.199.849) 519.861 11,184.721) 1664,880> 24. Memb•r•' Ilablllty Each member of the charftable compBny und8rtak8s lo contrfbute lo the assets of the company Ihe event of It belng wound up whlla helshe 18 a member, or wSlhln one year after he15he Goas9$ to b9 8 member, such amount 9$ may ba required, not exceedlng £100 for the debts and Ilabilthes contracted before helshe ceases to bg a m8mber. R•lat•d party tr•n•aGtltsn Thè Charity has not entered into any relo18d party tr8n5aclion during the year. nor are there any out3tsnding b8lance8 owlng been related p8rt1es and the Charty at 31 August 2025. Pag8 38