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 experIe￿Ing 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-st￿e 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-t￿ne 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 prO￿deS 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 A￿o$bUry and Towcester. We contlnued to have good r6latlonshlps wlth other churches In Mllton Keynes. The charlty Is a member of the Evangellcal Alllance. Glotjal mission We continued our ￿lationshiP wth the charfty Mercy In Action, whlch work8 Street chlldren In th8 Phillpplnes. Frank Clark serves as a Iruslee. P8ge 5 NEW LIFE CHURCH MILTON KEYNES IA Company Llmlted by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Achiev•rnonts and performance Icontinuod) We Continued to support Cally Magalhaes who Is worklng In Sao Paulo wllh young offenders. Her work malnly conslsts of running psychodrama courses In prison and providlng support to the young people when they are rolgasgd. A tgam from New Lifo wtll vl811 Cally in March 2026. We hav8 conunued to buSkl a relauonshlp with Trlnltas Church In Skopl8, North Macedonla. Students from our School vl8lt8d durlng the year lo support Ihelr work. We supported a church in Valencia. Spaln. which had grown considerably over the past 12 months. Students from our School vlsited11 durlng the year, and wlll do so agaln In 2026. Relationships with ¢hurchos in Albania have continued lo grow, and another learn of students visited there. We also havo good relationships with church leaders in Greec8, Izmir {Turkeyl. India, Kenya and various other conlrles. Zoom and Mlcrosoft Teams are both hlghly b8n8flcial foT devgloplng rolationships with GhurGh 18aders outslde of tho UK b9Gause11 puls evoryone on algvel playln9 fleld. Flnanclal r•vl•w a. Golng concern After making appropriate enquiries, the Trustees have a reasonable expeclalion that the Charity has adequat8 resou￿8$ 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¥￿tM￿n￿ 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 emplo￿r8, 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 InapprOp￿at0 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 rn0￿0n 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 9￿rdance 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 $lalgmenls Ihemsolves. If, based on Ihfj work we have pèrformed, we conclude that Iherg Is a matgrlal misslalgmenl of Ihls other Informallon, we are requlred to report that fact. We havg nolhlng lo report In thls regard. Matters on whlch w• ar• rnqUIr￿ to rnport by ¢xceptlon We havè nothing lo Teport In respeGI of the follo￿ng matters where the Ch8rllies IAccounls and Reports) Regulatlons 2008 rgqulrgs US to report lo you if, in our oplnlon: the Informallon glven In thé Trustges, Report 1$ 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 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$•ts botwwn funds (contlnu•dl Analy81s of Mt as8•t¥ betW￿n fundB - prlor yg4r Unrestrtcled fiinds 2024 Restricted funds 2024 Total funds 2024 Tanglblg fixed assets Current assets Creditors due wllhln ong ￿er Crgdilors dug In morg than one year 3,036,065 6t4,418 (232.006) (Tg0,873) 3,036,065 1,515.942 (232.006) (790,873) 901,524 Total 2.627.604 901.524 3.529, 128 21. R•conclllatlon of not mgvemont In fund¥ to not ¢oJh flow from oporatlng •¢tlvltleJ Group 2025 Group 2024 Net Income for the year las per Slatemont ol FlnanGS0l AclivltSesl 15,757 553,081 Adjustment• for: Depraclalion Charges Dlvldends. Interests and rents from Inve8tmenl8 Decrea8elllnGr8a8el In debtors Increase In cradltor8 77.073 128.2681 1.418 195.7S4 78,374 (27, 769) (56,448) 27.843 Net ca$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 Septem￿r 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 be￿en related p8rt1es and the Charty at 31 August 2025. Pag8 38