NEW LIFE CHRISTIAN CENTRE (CROYDON)
ANNUAL REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 March 2024
Charity Number: 1123257
Company Number: 6484891

NEW LIFE CHRISTIAN CENTRE (CROYDON)
ANNUAL REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 March 2024
Contents
Page
Reference and administrative details
Trustees, Report
Auditor'5 Report
Statement of Financial Activities
8-11
12
Balance Sheet
13
Statement of Cash Flows
Notes to the Financial Statements
14-15
16-30

NEW LIFE CHRISTIAN CENTRE (CROYDON)
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31ST MARCH 2024
Trustees
Non-Trustee Elders
Mr Frederick Asante
Mr Tim Coales
Dr Peter Debrah-Men5ah
Mr Gerald Huston
Mr Chris James
Mr Adetayo Aderemi
Mr Chima Amiaka
Mrs Cynthia Caiquo
Dr Olukunle Onabolu
Mr Neville Pinto
Mr Mark Rossell
Mr Tony Sokan
INon-Elderl
(Secretary)
INon-Elder)
Mr lan James
Mr Isaac Kironde
Mr William Mccabe
Mr D Kori Sunu
(Chairman)
The liability in the event of a winding u p does not exceed £1 , At the first general meeting, all the members shall
retire but shall be entitled to stand for re-election. Thereafter, each Trustee shall be appointed to seThe for a
period of three years,
Registered office: 5 Cairo New Road, Croydon, Surrey CRO 1 XP
Auditors
Solicitors
Jacob Cavenagh & Skeet
5 Robln Hood Lane
Russell-cooke Solicitors
2 Putney Hill
London
Sutton
Surrey SMI 2SW
SW15 6AB
Bankers
The Co-operative Bank
91 George Street
Croydon
Surrey
CR9 3QT
Charity Bank
Fosse House
Clydesdale Bank
154 - 158 Kensington High 5t
London
182 High Street
Tonbridge
TN9 1BE
W8 7RL
Insi
nis Asset Mana
ement
Aldermore
Santander
Nationwide
Hampshire Trust
Charter Savings
SalnsbUr￿s Bank
OakNorth
United Trust Bank
Cambridge & Counties Bank
GB Bank
Recognlse Bank

NEW LIFE CHRISTIAN CENTRE {CROYDON)
TRUSTEES REFIORT
FOR THE YEAR ENDED 31 ST MARCH 2024
The Trustees are pleased to present their report together with the f inancial statements of the charity for the year
ended 31 March 2024.
Reference and administrative details set out on page 1 form part of this report. The financial Statements comply
with current statutory requirements and the Memorandum and Articles of Association,
Structure, governance and management
The New Life Christian Centre Icroydon) was incorporated as a company limited by guarantee in the United Kingdom
on 28th January 2008 with company number 6484891 and is registered with the Charity Commission with number
1123257. The Centre operates from its premises at Cairo New Road, Croydon, CRO 1XP.
The Elders are the leaders of the chu rch, They ensure the vision, values and objects of the church are maintained.
They have delegated authority to the frustees who act as company directors for Companies Act purposes. New
trustees are exclusively appointed by the existing trustees from amongst those who have been serving in a
leadership capacity for some years. Such apr)ointments are confirmed at annu31 general meetir)gs of the charity.
The governance and management of the charity are delegated to and implemented by each and every one of the
Trustees jointly. With two exceptions, all of the trustees are elders. The Elders meet fortnightly to pray, receive
reports, evaluate how the church is doing and make decisions as appropriate.
Trustee Induction and Trainin
New Trustees are given an induction and provided with an information pack of NLCC leaflets that include5 our
values and ministries,. the Mernorandum and Articles of Association for the Company,. and guidance notes (Charity
Commission document CC3 "Essential Trustee ) about being a Trustee and about the work of the Charity. They are
also given ou r Conflict of Interest policy as well as Trustees Declaration form to complete, sign and return,
We confirm to the best of our belief that these accounts comply with the relevant statutory requirements, our
governing document and the Charities Statement of Recommended Practice (2019) FR5 102. Elders are still meeting
fortnightty, and Separate trustees, meetings are also held bi-monthly to carry out their responsibilitie5 on behalf of
the charity. The trustees normally seek to reach a consensus on all matters before implementing their decisions.
The trustees are aware of the need to assess the risks to which the charity may be exposed and the potential impact
they could have. As all but two of the trustees are elders, the fortnightly meetings of the elders enable us to
identify risks to be addressed and trustee5' meetings are held to deal with these without undue delay.
Objectives and activities
Our Memorandum of Association declares that our objects are:
The proclamation and furtherance of the gospel of God concerning His Son, Jesus Christ our Lord, and the
preaching and teaching of the Word of God.
The promotion of the education in Christian principles and standards.
The relief of financial hardship and sickness.

NEW LIFE CHRISTIAN CENTRE (CROYDON)
TRUSTEES REPORT
FOR THE YEAR ENDED 31 ST MARCH 2024 (continued)
The fellowship has been operating in Croydon for more than 86 years and has grown into a thriving church
comprising people of many different ages, nationalities and cultural backgrounds, The church seeks to impact the
local community and further afield with the truths of the Kingdom of God. We are committed to making our church
very accessible to all who wish to worship with us and become part of us. We are particularly keen for people from
the local community to join us. To thi5 end, we provide a wide range of activities for people of all ages each on
our premises here in Croydon, including an independent Ofsted-Registered Pre-school,
It is our aim to take care, pastorally, of all those who are part of our church community, especially those who are
advanced in years, those who are sick and those who request help and guidance. We have paid workers as well as
volunteer helpers who assist in all these activities and visit those who are unable to get about
All these activities are geared towards public benefit, as the trustees have always adhered to and continue to adhere
to the Charity Commission'5 guidance on public benefit,
Grant Making Decisions
In l(eeping with our objectives to share the gospel of Jesus Christ further afield, we actively and financially support
many missionaries and mission projects in countries across Europe, Africa and Asia.
The primary aim of our grant-making policy is to provide missions support to individuals and institutions, Consistent
with our primary objective of proclaim ing and furthering the gospel of God, additional grants are made to individuals
for the relief of their immediate financial needs. Our practice is rnainly to support those ind ividuals and institutions
with whom we have established good relationships over the years and whose effective involvement in the purposes
of the charity has the confidence of the trustees.
Reserves
The trustees aim to rnaintain free reserves in unrestricted funds at a level which equates to approximately three
months, unrestricted charitable expenditure. The trustees consider that this level will provide sufficient fund5 to
respond to applications for grants and ensure that support and governance costs are covered.
The balance held as unrestricted funds at year end was £2,453,375 (2023.. £2,328,235), of which £666,307 (2023..
£600,670} are regarded as free resewes, after allowing for funds tied up in tangible fixed assets, Restricted funds
balance at the end of the year was £113,69912023: £110,946), bringing the total funds balance at the year end to
£2,567,07412023.. £2,439,181). Actual three months, cash payments totalled £316,476 (2023: £448,045}, The current
level of reserves is therefore higher than what is needed,
Remuneration of l<ey management personnel
The trustees and elders listed on page 1 and the Executive Board (made up of the Heads of Departments and the
Financial Controller) are the key management personnel in charge of directing, controlling. running and operating
the charity on a day-to-day basis. All trustees (directors) give of their time freely., however, one is employed in a

NEW LIFE CHRISTIAN CENTRE (CROYDON)
TRUSTEES REPORT
FOR THE YEAR ENDED 31 ST MARCH 2024 (continued)
different capacity and hi5 remuneration and related paty transactions are disclosed together with those of the
other key management personnel in Note 14 to the accounts.
The pay of senior staff, together with all other staff members, is reviewed annually. In view of the nature of the
charity, the directors benchmark against pay levels in other charities of a similar size and activity.
Achlevements and performance
We continued the improvements for the Centre by installing and equipping a new kitchen.
Throughout the year, the number of people of all ages attending Sunday meetings and other ministry activities has
continued to increase, and we have also maintained a significant online presence through the broadcast of our
Sunday morning seNice on YouTube. As a result of this we were able to hold more baptismal services throughout
the year.
Financial giving to New Life increased during the year despite the challenging financial climate.
For the first time since the pandemiG we were able to fully operate and even expand all the ministries of the
church. During the year we were able to run a whole range of courses for people inside and outside the church
including Alpha, 2 discipleship courses (Growing as a Christian and Transform) and Discipleship for Ministry, all of
which were very well attended.
In May we were able to host our first missions conference since before the pandemic, where our supported
missionaries all came back to New Life for a week of activities. We also held a number of successful programmes
to engage and serv& our local community including a summer mission and a Christmas Fair.
The work with children and young people continues to grow. Our children went on the now annual summer camp.
We also ran two youth weekends away during the financial year (because of the Easter dates for 2023 and 2024
both falling within this financial year). Our Pre-school achieved a GOOD report from an Ofsted inspection in May
2023.
We continued to develop further our links with the local community through ministries like our Noah'5 Ark parent
toddler group and our Saturday morning 'Bubble fime, for children and their parents.
As well as inhouse preachers, we benefitted from the ministry of guest preachers like Stephen Maile, John Edwards,
JC Alzamora, Nathanael Edwards, Richard Howes, Freddie Roberson, David Bryars and Mar* Ritchie.
Going Concern
There are no issues affecting the companls status as a going concern.

NEW LIFE CHRISTIAN CENTRE (CROYDON)
TRUSTEES REPORT
FOR THE YEAR ENDED 31ST MARCH 2024 (continued)
Flnancial review
The total funds carried forward at the end of the year by New Life Christian Centre (Croydon} have increased by
£127,893 12023.. £774,319, when we sold a property we had owned since the 19805}, The effect of the general
financial turbulence throughout the country on the Centre continues to be closely monitored by the trustees,
especially since m05t of our income is voluntary. We continue to help those members of our congregation who
have been adversely affected by the current economic climate through various ways, including our Pastoral Care,
Christians Against Poverty {CAP) Centre, Package of Hope, Open Hands/Storehouse as well as Operation Christmas
Angels,
This year, grants amounting to £13D,022 (2023: £117,415) were granted to individuals and institutions. A review of
our grant funding policy is on-going with a view to ensuring effective use of our ￿ndIng and improved
accountability.
The trustees would like to take this opportunity to thank all the volunteers who work so hard to contribute to the
life of the Centre. It is estimated that about 200 volunteers have been actively involved on a weekly basis.
The Scheme of Delegated Authorities continues to be applied at all levels of the organisation and is monitored by
the Executive Board. Any Head of Department can raise an issue, that might exceed their delegated authority, at
an Executive Board meeting, and the Board will then reach a decision that is within its remit or escalate the matter
to the Trustees for ultimate determination.
Most of the donations continue to come in electronically, with very few cheques and cash being handed in at the
Centre. The risk associated with handling of cash is therefore mostly reduced. No incidents of theft or fraud have
occurred.
Plans for future periods
We intend to continue with the rest of the identified improvements we would like to make according to their
priority, e.g. stage lighting and external signage. As these improvements involve considerable levels of finance, the
WO￿ continues to be carried out phase by phase as funds become available.
We are looking at practlcal ways we can accommodate the increasing number of people attending on a Sunday.
We are also exploring ways we can engage more effectively with our local community. As many of the current
rnissionaries we support are retired/retiring, we are evaluating our missions, strategy.
The Directors still seek to appoint more trustees with appropriate skill sets,

NEW LIFE CHRISTIAN CENTRE (CROYDON)
TRUSTEES REPORT
FOR THE YEAR ENDED 31 ST MARCH 2024 (continued)
Other objectives include.,
a) Putting in place a Risk Policy and Practice. We are working towards this based on CC26 and will be guided
by this template to ensure that this is in place as soon as possible. We continue to monitor and improve
on our Safeguarding policy as well as other policies. The Staff Handbook (of employment guidelines) is also
being reviewed.
b) Continued refining of an approved delegated structure of financial control to ensure that we exercise
appropriate control, while not hindering smooth operation of the church/charity,
c} Taking the lead, in liaison with the church's eldership, to manage and ensure clear separation between
spiritual leadership and statutory governance requirements. This is now better understood but remains a
work in progress.
d} Managing the volunteers through a clearly defined strutture that motivates and enthuses them in their
roles. This is work we hope to concentrate on as this is important for the successful running of our Sunday
services. The Trustees recognise, with much appreciation, that the church is reliant upon volunteers,
particularly so on Sundays when the church congregation gathers, now in person as well as online via live
broadcast
Risk
The Trustees review the charitf s current and planned future activities in the light of any major risks arising from
time to time and the effectiveness of systems and procedures designed to manage them, The principal risks and
uncertainties currently facing the charity are considered to be the loss of income, the management of our property
stocl and the loss of key staff. Our plans and strategies for managing risks include consulting with external
professional organisations and individuals, maintaining effective internal controls, risk registers, incident reporting
and monitoring systems and insurance cover where appropriate.
ststement of fundraising practice
In the year 2023124, New Life Christian Centre (Croydon) engaged in fundraising in the form of receiving free-will
offerings/donations, some of which werè gift-aided, from members of our fellowship. However, we did not contract
the services of any professional fundraisers as defined by section 58 of the Charities Act 1992. Other than publicly
inviting an offering at every service, we do not engage in persistent or intrusive fundraising practices with any of
our donors, including vulnerable people, and we never have private or coercive discussions with individuals about
their giving, Our fundraising practices are ethical and in accordance with Biblical principles. No complaints were
received about ou r fundraising practices.
Trustees, re5ponslbllltles
The trustees, who are also directors of NLCC {Croydonl for the purposes of company law, are responsible for
preparing the fru5tees' Report and the financial statements in accordance with applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Acceptod Accounting Practice).

NEW LIFE CHRISTIAN CENTRE {CROYDON)
rRusTEES REPORT
FOR THE YEAR ENDED 31 ST MARCH 2024 (continued)
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair
view of the state of affairs of the charitable company and of the incoming resource5 and application of resources,
including the income and expenditure, of the charitable company for that period. In preparing these financial
statements, the trustee5 are required to:
Select suitable accounting policies and apply them consistentty;
observe the methods and prlnciples in the Charities SORP;
make judgements and estimates that are reasonable and prudent,,
state whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will continue its operations.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any
time the financial position of the charitable company and enable them to ensure that the financial statements
comply with the Cornpanies Act 2006. They are also responsible for safeguarding the assets of the charitable
company and hence for taking reasonable steps for the prevention of fraud and Other irregularities.
Disclosure of information to auditors
To the knowledge and belief of the Trustees, there is no relevant information that the charity's auditors are not
aware of, and the Trustees have taken all the steps necessary to ensure the Trustees are aware of any relevant
Information, and to establish that the charity's auditors are aware of the information. The minutes of all Trustees,
meetings held during the accounting year have been made available to the auditors, and any questions they have
raised arising from those minutes have been answered.
Auditors
A resolution will be proposed at the Annual General Meeting that Jacob Cavenagh & Skeet be re-appointed auditors
of the charity.
The above report is prepared in accordance with the provisions applicable to companies subject to the small
companies, regime within Part 15 of the Companies Act 2006.
ON BEHALF OF THE TIUSTEES
15 July 2024
C Amiaka

INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF
NEW LIFE CHRISTIAN CENTRE {CROYDON)
Opinion
We have audited the financial statements of New Life Christian Centre (Croydon) (the 'charity') for the year ended
31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet the Statement of Cash Flows
and thè notes to the financial statements, including a summary of significant accounting policies, The financial
reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting
standards, including Financial Reporting Standard 102 rhe Financial Reporting Standard applicable in the UK and
Republic of /reland{United Kingdorn Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its
incoming resources and application of resources for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.,
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted OLrr audit in accordance with International Standards on Auditing (UK) IISAS (UKII and applicable law.
Our responsibilities under those standards are further described in the Aud itor's responsibilities for the audit of the
financial statements section of our report. We are independent of the charitable company in accordance with the
ethical requirem@nts that are relevant to our audit of the financial statements the UK, including the FRC'S Ethical
Standard, and we have fvlfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of
accou nting in the preparation of the financial statements is appropriate,
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the Charity's ability to continue as a going
concern for a period of at least 12 months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.
Other information
The other information comprises the information included in the annual report, including the trustees, report other
than the financial statements and our aud itor's report thereon, The trustees are responsible for the other information
contained within the annual report. Our opinion on the financial statements does not cover the other information
and, except to the extent otherwise explicitly stated in our reporL we do not express any form of assurance
conclusion thereon,

INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF
NEW LIFE CHRISTIAN CENTRE (CROYDON) (continued)
Our responsibility is to read the other information and, in doing so, consider whether the other information is
materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or
otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether this gives rise to a material misstatement in the financial
statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement
of this other information, we are required to report that fact.
We have nothing to report in this regard,
Opinions on other matters prescrlbed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of our audit.,
the information given in the trustees, report, which includ@s the directors, report prepared for the purposes
of company law, for the financial year for which the financial statements are prepared is congistent with the
financial statements; and
the directots, report included within the trustees, report has been prepared in accordance with applicable
legal requi rements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the
audit, we have not identif led material misstatetnents in the directors, report included with the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2C(J6 requires
us to report to you if, i n our opinion:
adequate and proper accounting records have not been kept, or returns adequate for our audit have not
been received from branches not Vislted by us,. or
the financial statements are not in agreement with the accounting records and returns,. Dr
certain disclosu res of trustees, remuneration specified by law are not made,, or
we have not received all the information and explanations we require for our audit; or
the trustees were not entitled to prepare the financial statements in accordance with the small companies
regime and take advantage of the small companies exemption5 in preparing the trustees, report and from
the requirement to prepare a strategic report.
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statemen( the tnjstees, (who are also the directors of the
charitable company for the purposes of company law) are responsible for the preparation of the financial statements
and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is
necessary to enable the preparation of financial statements that are free from material misstatement, whether due
to fraud or error.

INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF
NEW LIFE CHRISTIAN CENTRE {CROYDON) (continued)
In preparing the financial ststements, the trustees are responsible for assessing the charity's ability to continue as
a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of
accounting unless the trustees either intend to liquidate the company or to cease operations, or have no realistic
alternative but to do so.
Auditor's responslbllltles for the audlt of the flnanclal statemènts
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement whether due to fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance 15 a high leve1 of assurance, but is not a guarantee that an audit conducted in accordance
with ISA5 (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error
and are considered material if, individually or in the aggregate, they could reasonably be expected to inf luence the
economic decisions of users taken on the basis of these f inancial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.
Based on our understanding of the charity, we identified that the principal risks of non-compliance with laws and
regulations related to charity and employment legislation and we considered the extent to which non-compliance
might have a material effect on the financial statements. We a150 considered those laws and regulations that have
a d irect impact on the preparation of the financial statements such as the Charities Act 2011.
We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an
understanding of how fraud might occur, by making enquiries of management, considering the internal controls in
place and discussion amongst the engagement team.
We determined that the principal risks were related to presentation of separately disclosed items and tnanagement
override of controls.
In response to the risks identified we desig ned procedu res which included, but were not l imited to agreeing financial
statement disclosures to underlying supporting docu mentation, identifying and testing journal entries, reviewing
Trustees, meeting minutes and evaluating the charity's internal controls.
Thore are inherent limitations in the audit procedures described above. The more removed that laws and regulations
are from financial transactions, the less likely it is that we would become aware of non-compliance. Material
misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve
deliberate concealment or collusion,
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at: http'.//www.frc.org.uklauditorsresponsibilities. This description forms part of our
auditor's report.
10

INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF
NEW LIFE CHRISTIAN CENTRE (CROYDON) (continued)
Use of our report
This report is made solety to the charitable company's members, as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006 and regulations made under that Act. Our audit work has been undertaken so that
we might state to the charitable cornpany's members those matters we are required to state to them in an auditors,
report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility
to anyone other than the charitable company and its member5 as a body, for our audit work, for this report, or ft)r
the opinions we have formed.
Miriam Hickson FCA (Senior Statutory Auditor)
for and on behalf of Jacob Cavenagh & Skeet
statutory Audltor
Chartered Accountants
5 Robin Hood Lane
SLrtton
Surrey
SM1 2SW
Dated:.....%.z ...J.LALy

NEW LIFE CHRISTIAN CE￿RE {CROYDONI
STATEMENT OF FINANCIAL AcllvinES (including income and ￿enditure 8ccountl
FOR THE YEAR ENDED 31 March 2024
2024
Z023
UnYèstiÉcted
Restricted
Total
UnTe5tricted
Restricted
Total
Not
Income and 4nd0￿￿entS fro
DoDatiDns and legacies
Investments
1,063,628
27,478
148,390
2Q,095
21,266
1,084￿94
27.478
148.390
20,095
921,57D
10,220
110,803
16,426
714,000
1,773,019
62.029
9￿,599
10,220
110,803
16,426
714,0
1￿35.048
Charftable act￿￿tieS-pre-SC￿)ol
Charitable act￿ltIes-0ther
Surplus on Sale tyf Nxed Assets
1,259.5g1
21,266
1,280.857
62.029
Expendlture o
Charitable 8Ctivilies-PrtrSchool
110,070
1.025.387
1.135,457
110,070
1,042,894
1,152.964
105,815
105,B15
954,914
1,C￿0,729
Charftable activliiesQther
17,507
17,507
937,471
1.043.286
17,443
17A43
Totsl txpend5ture
Net In¢ome / Iw)Èndltuvel for the year
Transf￿ between funds
Net MovernEnt In Fur￿5
124134
1,QOS
125,140
3,759
11,0061
2.753
127,893
729,733
35,682
765.415
44,586
135,682)
774,319
127,893
774,319
R¢¢onclllaOon ol Funds
Tot41 funds br￿ght forward
Total tunds carried fryward
2,328,235
2,453,375
110,946
111699
2A39,181
Z,567.074
1,562,820
328,235
102,042
110,946
1,664,862
Z,439.181

NEW LIFE CHRISTIAN CENTRE (CROYDON)
BALANCE SHEET
COMPANY NUMBER: 6484891
AS AT 31 March 2D24
2024
2023
Note
Fixed assets
Tangible assets
1,787,068
1,727,565
Current assets
Debtors
87,703
421,012
340,000
848,715
92,850
458,133
255,000
805,983
Cash at bank and in hand
Cash Investments
Current liabilities
Creditors: Amounts falling due within one
year
68,709
94,367
Net current assets
780,006
711,616
Total assets less current liabilities
2,567,074
2,439,181
Creditors., Amounts falling due after one
year
Net assets
2.567.074
2,439.181
Reserves
Restricted income funds
10a
113,699
2.453,375
110,946
2,328,235
Unrestricted income fvnds
10b
Total charity funds
2,567,074
2.439,181
These accounts have been prepared in accordance with the provisions applicable to companies subject to
the small companies, regime within Part 15 of the Companies Act 2006.
Approved by the Trustees on 15 July 2024 and signed on their behalf by:
C Amiaka
Trustee
M Rossell
Trustee
13

NEW LIFE CHRISTIAN CENTRE (CROYDON)
STATEMENT OF CASH FLOWS
COMPANY NUMBER: 6484891
FOR THE YEAR ENDED 31 March 2024
2024
2023
Note
Cash flow5 from operating activities:
Net cash provided by (used in) operating activiti
120,837
82,240 Table 1
Cash flows from investing activities:
Dividends, interest and rents f rom investments
Proceeds from the sale of property, plant and equipment
Purchase of propety, plant and equipment
Net cash provjiled by (used in) invesfyng activlties
27,478
10,220
740,000
1691,858)
58,362
(1 OOA361
{72,958)
Cash flows from flnancing actlvities:
Capital Repayments
Interest Paid
(581
(58)
Net cash pmvided by (used in) financing activlbes
Change in cash and cash equivalents in the reporting
perlod
140.544
47.879
Cash and cash equivalents at the beginning of the
reporting period
713,133
572,589
Cash and cash equlvalents at the end of the reporting
penod
761.012
713,133 Table 2
14

EW LIFE CHRi>fiAN CENTRE (CROYDON)
STATEMENT OF CASH FLOWS
COMPANY NUMBER: 6484891
FOR THE YEAR ENDED 31 March 2024 Icontinuedl
Table 1: Reconciliation of net income/(expendlture) to net cash flow from operating actlvities
2024
2023
Net income/(expendlture) for the reporting period (as
per the statement of financial activitie5)
Adjustments for.
Depreciation charges
Dividends, Inte￿5t and rents from investments
127,893
774,319
40,933
37,771
(27,4781
(10,220)
Interest Paid
58
(Surplus) on the sale of fixed assets
(Increase)/decrease in debtors
Increase/(decrease) in creditors
1714,0001
5,147
114,004)
8,316
125,658)
Net cash provided by (used in) operating activities
120,837
82,240
Table 2.. Analysis of cash and cash equivalents
2024
2023
Cash in hand
421,012
458,133
Cash investments
340,000
255,000
Total cash and cash equivalents
761,012
713,133

NEW LIFE CHRISTIAN CENTRE (CROYI)ON)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024
ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared under the Companie5 Act 2006 and in accordance
with the Charities Statement of Recommended Practice (Charities SORP (FRS 102)) and Financial
Reporting Standard 102 {FRS 1021. The financial statements are drawn up on the historical cost
basis of accounting. The financial statements are prepared in Sterling, which is the financial
currency of the charity, rounded to the nearest £.
New Life Christian Centre {Croydon), charity number 1123257, meets the definition of a public
benefrt entity under FRS102. It Is a company lirnited by guarantee whose registered office is at
5 Cairo New Road, Croydon, CRO IXP.
Golng concem
The financial statements have been prepared on a going concern basis, on the basis that no
material uncertainties exist that cast significant doubt upon the charity'5 ability to continue as a
going concern. The trustees make this assessment in respect of a period of one year from the
date of approval of the financial statements.
The Trustees have paid particular attention to the likely effects on the Charity of inflationary
pressures and the challenging economic situation, which may impact our congregation and their
giving. We are confident that the Charity has sufficient resources to enable it to continue as a
going concern for the foreseeable futLJre.
Income
All income is recognised once the charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be reliably measured.
Expenditure
Expenditure is accrued as soon as a liability is considered probable, and is apportioned between
direcL grant and support costs as follows,.
Grant funding of activities reflects grants made per note 15, Grants payable are accounted
for as they are paid over.
The breakdown of support costs and how these were allocated between Governance and
other support costs is shown in note 2.
16

NEW LIFE CHRISTIAN CENTRE (CROYDON)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024 (continued)
Debtors
Grants receivable and other debtors are included at the settlement amount due. Prepayments
are valued at the amount prepaid.
Cash at bank and In hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short
maturity of three months or less from the date Df opening of the deposit,
Creditors and provlslons
Cred itors and provisions are recognised where the charity has a present obligation arising from
a past event that will probably result in the transfer of funds to a third party and the amount
due to settle the obligation can be measured or estimated reliably. Creditors and provisions are
recognised at their settlement amount.
Depreciation
Depreciation is provided on all tangible fixed assets, apart from freehold properties, at rates
calculated to write off their cost, less estimated residual value, of each asset over its expected
useful life.
Fixtures and fittings
Office and computer equipment
Music and media equipment
Mobile Phones
various percentages per annum on cost
25Yo per annum on cost
10Yo - 25Yc* per annum on cost
50¥0 per annum on cast
various percentages per annum on cost
Other equipment
The useful economic life and holding value of freehold property are so great that depreciation
is immaterial and so is not charged.
Operatlng leases
Payment5 in respect of operating lease agreements have been charged to expenditure as
incurred.
Pension scheme arrangements
The charity operates a defined contribution pension scheme and a stakeholder pension scheme.
Pension costs are accounted for as the contributions are made.
Flnance leases
Assets held under finance leases are recognised at the present value of minimum lease payments,
The related liability is included in the balance sheet as finance lease creditor. Lease payments
are treated as consisting of capital and interest elements. The interest is charged to expenditu re
so as to produce a constant periodic rate of interest on the remaining balance of the liability.

NEW LIFE CHRisfiAN CENTRE ICROYDONI
NOTES TO THE FINAMCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024 Icontlnuedl
Nots 2: EKpendlture on Charitable Artlvities..
2024
2023
Activities
Gr4nt
Acbvities
Grant
Undertak
FundirKJ
Actlvltles
Support
Costs
Und¢rtaken
Fundlng
Actlvltle$
Support
DiTectly
Total
D4rectly
TotHI
E%pendlture
469,374
58,311
4,244
3,971
15,580
181092
1.466
58,311
4.244
3,977
15,580
136,320
579
448,276
56,739
3,672
3,339
15,855
170,479
618,755
56,739
3,672
3,339
15,855
117,415
257
Buildings & Accomm(￿atIon
InternEt
Telephone
Prlnting & Stationery
Mtssionary Fund
Transport
Ministry Trlps
Grfts
130,022
6,298
117,415
679
257
1,569
065
1,569
8,065
9,950
59,368
9,303
19,513
40,933
4,753
&816
4a750
7,900
11,205
37,771
58
3,753
816
Catering
ActTh4ity Groups
SuppNt
Sundry
Depreciation
FinanGe Lease IDterest
9,930
59,368
9.303
19.513
40.933
42.750
7.900
11,205
37,771
58
700,846
130,022
I8￿90
1N19,258
638,391
117,415
170,479
926,285

NEW LIFE CHRISTIAN CENTRE ICROYDON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 Maith 2024 Itontinuedl
2024
2023
Adlvltks
Undertaken
Dlrectly
Grant
Adivities
Grant
Funthng
Actlvltlos
Support
C05t5
Underlaken
Funding
Artivities
support
C05t5
Totsl
Dlreclly
Total
Pre.School
Salaries
Other Costs
104,789
5,280
110,069
104,789
280
101,404
4,411
105,815
101,404
4,411
105,815
110.069
81Q,915
130,022
188,390
1,129,327
744,206
117,415
170h79
1,0311
GovernaDce Cost5
Man&gernent and
Admlnlstration
Legal and Plolesslonal
Audlt and Accountsncy
48
48
48
15,723
7,866
23,637
15,723
7,866
23,637
21,975
21,975
6,60S
28,629
28,629
Total
810,915
130.022
212.027
1.152.964
744,206
117A15
199.108
1.060,729
19

NEW LIFE CHRISTIAN CENTRE (CROYDON)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024 (continued)
3 Net Income/(Expenditure) for the Year
2024
2023
This is stated after charging;
Depreciation
40,933
37,771
Auditors, Remuneration
7,866
6,606
4 Staff Costs
2024
2023
Salaries & Wages
632,798
599,448
Social Security costs
Pension
54,147
50,940
43,941
40,644
730,886
691,032
Benefits in kind
18,162
22,648
749,048
713.680
2024
2023
No.
The average monthly number of employees during the period was
made up as follows:
22
24
There were no employees with emoluments of £60,000 per annum or more,
S Trustees, Emoluments
2024
2023
Emolurnents
49,334
47,751
Company Contributions to money purchase pension schemes
4,001
3,856
53.335
51,607
No. of Trustees accruing benefits under Co Pension schemes
2024
2023
6 Taxatlon
The charity is exempt from taxation on its charitable activities.
20

NEW LIFE a4RISTIAN CENTRE ICROYDONI
NOT￿ TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024 IcontiThue(t)
7 FIXED ASSETS
Fixtures
Office &
Music &
Freehold
computer
equlpment equlpment Phone
mÈdla
Mobile
Other
property
fittSng$
equlpment
TotBI
Cu$t
As at 1st April 2023
Addition5
1,461,581
324139
91,139
24.059
395.219
29,OOt
1,525
1449
2WTI
67,577
3,490
189
3,291
4.282
1,8B9,n8
IQX),436
26,SQB
1,963,7Q6
Disposals
As at 31st March 2024
1,461,5111
71,067
189
7,573
Depreclatlon
As at 1st April 20
Charge For year
Released on Disposal
As at 31st March 2024
103.211
28,014
24,059
107,166
23,660
1618
34,83Q
9,603
189
323
162,213
4Q,933
26,508
176,648
698
23,829
44,433
189
1,021
Net boL* value
As at 31sL Marth 2024
1,461,581
288,053
4,248
2*634
1552
1,787,068
at 315tr March 2023
1161,581
224,928
5,341
3174T
2,968
1.727,565

NEW LIFE CHRISTEAN CENTRE (CROYDON)
NofES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024 (continued)
8 Debtors
2024
2023
Trade Debtors
4,076
35,395
48,232
87.703
4,076
62,848
25,926
92,850
Prepayments and accrued income
Other Debtors
9 Creditors: Amounts falling due within one year
2024
2023
Trade Creditors
Accruals & deferred income
Taxation & Social Security
Other Creditors
27,862
17,047
16,907
6.893
68,709
29,533
43,138
16,244
5A52
94,367
22

NEW LIFE CHRISTIAN CENTRE ICROYDON)
NOTES TO THE FINANCIAL sfATEMENTS
FOR THE YEAR INDED 31 March 2024 Icontinuedl
10 FiINDS
Balancé as
Balance 4S
at 31st
Expendlwre Mor 2023 Transfers
Balfynce a5
1 1st Apy
2022
Ot 31$1 Mir
Cal Restrlctad
Trfynslers
Income
Incom
Expendlture
2024
Ukraine Support
louise ButKe (Bunty)
Star of Hope
Serhli Chumachenko
Arross The BddgÈ IC
WooKlsl
SLAWA
7,051
360
3.1CX)
3,951
11JO
13
3,964
360
540
169
75
150
190
3S
113
113
300
290
600
890
225
203
22
294
316
Sarah
R055ell,
MissioThary in Ru55i3
lodle Davies
barnabas Ministrfes
Lileswing Intern8tion81
Stooknuse.
African Child Trust
750
375
375
750
1,125
50
30
50
30
125
6D
65
120
4294
984
4A55
274
6123
280
5,12B
5,106
391
6,845
554
Furneral Donatior
13321
132.4681
16241
332
Sponsor-trch8ir
Loop System
ACTS 435
32,468
&25
14061
406
200
200
60[>
400
200
Corbfwence
1201
20
16001
60D
Ukraine Response Co-
Ordinator
15)
2,100
2,095
23

NEW UFE CHRISTIAN CENTRE {CROYPONI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024 Icontinuedl
10 FUNDS Icontlnuedl
Balanco as
B&lance a
Balance a5
at 1st
at Jlst
at 315t Mar
Restrittèd
2022 Tran5Fers
Income Expendtture
Mar 2023 Transfers
Income
Expendllurè
2024
REGENEPATE- Buildi
Fund
Deaf Ministry
Pastoral Care
Music Department
Rendezvous
65.Q61
65.061
65,OS1
40
3.3LX)
1322
140
1.250
4,070
492
688
2,036
2,722
617
11030)
125
100
240
10
ChI￿ren'$ Actlvltles
Chitdren's Trip5
Christmas (QC4
Hamper4 etil
Youth Activities
100
100
5S6
556
1,791
427
1,920
3,095
3,095
237
S,OD7
120
4,740
1,267
1722
63
1819
63
1602
63
Noah's Ark
SONIC ProJe¢t
Healing On The Streets
IHOTSI
Christians Agalnst
Poverty ICAPI Centre
Legacy to Children
402
14021
186
186
186
1.947
21.4B8
101042
3.951)
292
1.270
622
4,627
21,158
110.946
2,371
922
1,001
5,997
2I03Q
113,699
135,6821
6IQ29
17A43
21,266
17,507
24

NEW LIFE CHRISTIAN CENTRE ICROYDONI
NOTES TO THE FINANCIAL SYATEMENTS
FOR THE YEAR ENDED 31 March 2024 Icontinuedl
Ukralne Support Is funds to support the peopl? of Ukraine 8nd those wlio are helpSng them IDllovAng the Russian ￿tt￿k.
Loulse Bunce IknDwn a5 Bunty) Ss a worfdwide rnissionary.
Star of Hope 15 a humanltarian organlsation in Bulgari& lounded by th? late Ernilia Manobva, a former student ol our former Bible School.
Seihli Chumachenko is a formar student ol our tomier Bible S(FK)ol, Ukraine and w35 a missiDnary in Ukraine.
Across The Bridge is the umbrell8 lor Chas and Nlcola Wty)ds' mlni5try with mahabb￿ Pastor£l support of ovÈrs&as mis51onaries and Prayer ministry
that reaches out tD people ol other falt￿￿.
SLAWA (South LondDn Afrf￿n Women Association) is 8 charkty founded by one of our church members to support refugee women and their
families,
Sarah Rossell is involved in an English LènguagE Sihool.
Jodie Davies is a missionary who WBS involved in humanltarfan wort( Sn ThaSland.
Milli5tries are involved in th& training of Chrfstlan leader5 in Kenya.
Lifespying International runs a schcK)I that they built in Chingola, Zarnbi4 lor children who would not otherwise be ab￿ to go to 5ch(x)l.
The storehoL￿e Ilomierty Open Handsl fvnd pro￿￿e$ 5UPPOrt lor those In flnanckl need.
Afrlon Child YrLth SUPPOrt5 Wtdows and orphan5 in 7 African countries.
Funeral DDnation5 given towards the funeral expenses. The transfer during last year w&5 Wlth the permission ol the donors as part payment of the
funeral expense
Sponsor-a-chair wes an appeal made ts help purchase new chairs. The transfer duriw the year wa5 Wlth the permission ol the donors as p8rt
payment ol the cheiys.
Lottp System a d)narlon made iowards q Loop Systpm installed in the h&ll io help those with hearing aid5, The transfer last year reflect5 the
puKhase of the loop system.
ACTS 435 funds recewed for thè purchase ol furniture aTrf home 3ppliances lor memb£r5 01 the cOngregath￿.
Conference- a restrKted contritNtlon to¥vards a conference, The transfer duriw the year was Wlth the permission of the donor, as p8rt payment of
the conference expenses.
Ukraine R￿paThSe Co-Ordlnator- funds re¢eived and used to employ someone to help the Ukrainl&n irnmlgrant5. Thp transfer durfng last year was
tth the pernlssion Df the donor for thi5 purpose.
25

NEW LIFE CHRISTIAN CENTRE ICROYDONI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024 Icontinuedl
REGENERATE is our proposed ￿develOpment ol NLCC Siie. Fund5 were raised lor the Planning Permbsion.
Deal Ministry- funds given specih'cally for our Deal Mirnistry
P85toral Care,, started by a tem)Inally ill membpr of the church, this these funds are for helping our congregation members nèd past￿&1 tare.
Music Department.. specifically for use by the muslc deparlmenL The trAnsfer during last year was to purchase sp&akefS as specilleol by the fund,
Rendezvous Is an actI￿tY yroup for the eldprly.
ChSldftn's ActlvltiPs ire Pow@r House and other actwitie
Childftn's Trip5'. donatK)ns towards Children's Trips.
Chrfstmas IOCI Hampers etcl 15 8 hjnd that was collected to glv& Chrfstmas Hampers and glfts OLrt to the needy.
Youth Actlvltie5'. fund5 gNen sp8ciPitslly f<* LLse by thE Youth Depart￿%rrt.
Noah's Ark is a parent 4nd toddler group.
SONIC ProjKt is a Music Studlo that has been bullt on the 151 floor ol the Cerbtre. The equipment purchased for this have been capitalised and the
transfers last year refleaed the depre¢latlon.
Heallng On The Streets IHOTS) 15 a gFOUP ol ChristiarLS t￿t go inlo tlie Str￿ts to prayer for peDple who want healing.
Chri5tian5 Against Poverty ICAPI fund is lor our Centre Manager to use t¢ provtde for CAP Clients,
The Legacy to Children was left for the work of children by the late Alice McDonald.
10 Ibl Unre5trict8d
BaEan¢¢ as
Balance B5
Balance 45
at 15tApr
2022
at 31st
at 31 st Mbr
Transf*r$
InromE
E>tpendlture
Mar 2023 TrHnsfer5
Income
xpen(Iture
2024
DesigThated
Undes¥Jnated
58,B79
I2￿)
1 D6,426
35,087 1,666,593
1DB,699
56,401
1271,834
205
138,455
801 1.121,136
131,r189
I,ON,368
63,972
2,389,403
1,503,941
934,5B7
1,562,820
35,692 1,773,019
1,043,285
2,328,235
1,006 1,259,591
1,135,457
2,453,375
26

NEW UFE CHRISTIAN CENTRE ICROYDONI
NOTES TO THE FINANCIAL ThATEMENTS
FOR THE YEAR ENDED 31 Mar¢h 2024 Icontinuedl
NET ASSETS
The balances Carr￿d forward on the v&rious lund5 a￿ held as follows..
Flxed
OthBr Net
Fixed
her N¢t
Assets
Total
Asgets
Assets
Totsl
2025
2023
2D23
2024
2024
2024
Restricled funds
110,946
600.670
110,946
328 235
113,699
113,699
453 375
Unrestricted furKIs
1,727.5SS
1787 068
711616
2439,1 91
1,787,068
1567,074
27

NEW LIFE CHRISTIAN CENTRE (CROVDON)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024 (continued)
12 OPERATING LEASES
The operating lease charges for the year were..
2024
2023
Hire of plant and machinery..
14,400
The total future minimum lease payments under non-cancellable operating leases are payable,,
2024
2023
Within one year
12,000
between 1 and five years
Total
12,000
13 PENSION SCHEME ARRANGEMENTS
The charity operates a defined contribution pension scheme and a stakeholder pension scheme. The assets
of the schemes are held separately from those of the charity in independently administered funds. The
pension cost charge represents the contributions paid by the charity to the funds and amounted to £43.941
(2023., £40,644}.
28

NEW LIFE CHRISTIAN CENTRE (CROYDON)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024 (continued)
14 RELATED PARTY TRANSACTIONS
Trustees
During the period, trustees and person5 Wlth a family connection received the following amounts from the
charity as a result of their employment by the charity,,
2024
2023
Trustee
Gross Remuneration
M R055ell
49,334
47,751
Pension
M Rossell
4,001
Private Medical Cover
M Rossell
1,314
1,211
All payments made to the trustees were as provided for in Paragraph 26 of the Articles of Association of the
charity.
No trustees claimed any expenses relating to their role as trustees12023: none). One trustee claimed
expenses of £2,23812023: £3361 in their role as an etnployee.
During the year, total unrestricted income of £16,189 (2023.. £19,690) was received from trustees. There was
a total of £5Q1 restricted donations received from trustees (2023.. £1.3351.
M8na
ement Personnel
In addition to the above, total employee benefits to non-trustee key management personnel during the year
was £286,075 (2023.. £288,363}, Relative5 of non-trustee key management personnel received employee
benefits of £61,475 (2023., £66,786). During the year, a non-trustee key management personnel received a
loan of £11,200 (2023.. Nil) with the interest rate of 1 % above Barclays Bank base rate.
Grants
Grants totalling £9,391 made up of £7,500 regular support, £750 Mission5 Conference gift, £750 one-off 20th
anniversary gift and £391 restricted donations (2023,. £7,774, made up of £7,500 regular SLtpport and £274
restricted donations) were made to the African Child Trust during the year. The trustees Olukunle Onabolu
and Chima Amiaka are also trustees of this organisation,
Grants totalling £8,217 made up of £6,000 regular SLtpport, £1,092 Missions Conference gift and travel costs
and £1,125 restricted donations (2023: £6,875 made up of £6,000 regular support, £50CI one-off grant for a
Youth Camp and £375 restricted donations) were made to Sarah Rossell (a sister of Mark Rossell, a Trustee
of this organisation) during the yea r.
Lease
40 famworth Road was leased to the African Child Trust from 7th November 2014 for £6,988/year. The
twstees Olukunle Onabolu and Chima Amiaka are also trustees of this organisation.
29

NEW LIFE CHRISTIAN CENTRE (CROYDON)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024 (continued)
15 GRANTS PAYABLE
2024
2023
All grants were made from the Church. They may be analysed as follows:
Individuals (see note 15(a))
InstitutSons (see note 15lb))
102,955
27,067
130,022
95,143
22,272
117,415
(al Individuals
During the year, grants totalling £102,955 (2023., £95,143) in aggregate were made to a total of 46
12023: 54) individuals. The grants were made for the following purposes..
No. of
2024
No. of
2023
Purpose
grants
grants
Missions Support
Relief of Financial Need
15
97,850
5.105
17
90,688
4,455
95,143
67
159
102,955
Ib) Grants to Institutions
During the period, grants totalling £27,067 {2023.' £22,272) in aggregate were made to the following
institutions. The purpose of all grants to institutions was Missions Support.
2024
2023
Institutions
No.
No,
African Chi Id Trust
Central African Mission
15
9,391
2,805
6,344
185
13
7,774
2,000
5,742
60
Life Support
Lifespring International
SLAWA
16
2,166
6,176
27,067
16
1,802
4,894
22,272
Star of Hope Foundation
10
13
30