2025-03-31-accounts - Newday Ministries Christian Centre

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Registered number 1135233

NewDay Ministries Christian Centre

Report and Financial Statements

31 March 2025

NewDay Ministries Christian Centre Report and accounts Contents

	Page
Charity Information	1
Trustees' Report	2
Independent Examiner's Report	7
Statement of Financial Activities	8
Statement of Financial Position	9
Statement of Changes in Charitable Funds	10
Statement of Cash Flows	11
Notes to the Financial Statements	12
Detailed Statement of Financial Activities	18
Detailed Income and Expenditure Account	19

NewDay Ministries Christian Centre Charity Information

Trustees

Pastor Simon C. Wallace Lady Brenda J. Wallace Paulette Rowe Sheila Belgrave Sandra L. King

Independent examiners

Jacksons Chartered Accountants First Floor, Albion House Albion Street Hull HU1 3TE

Bankers

Barclays Bank UK plc 1 Churchill Place London E14 5HP

Registered office

74 Westrow Drive Barking Greater London IG11 9BN

Registered number 1135233

Governing document

Declaration of Trust dated 18 March 2010

NewDay Ministries Christian Centre Registered charity number: 1135233 Trustees' Report for the year ended 31 March 2025

The trustees present their report and financial statements for NewDay Ministries Christian Centre for the year ended 31 March 2025.

The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice (SORP): Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Principal activities

The Charity's principal activity during the year continued to be to promote the Christian religion and to provide places of worship.

Objectives and activities

The principal objectives and activities of the Charity are:

provide religious and charitable services to church members; and
to undertake other charitable endeavours as determined by the trustees.

Our work usually includes:

providing regular public worship that is open to all;
providing a sacred space for personal prayer and contemplation;
conducting pastoral work including visiting the sick and the bereaved;
teaching Christianity through sermons, courses and small groups;
providing a youth club with a Christian ethos; and
promoting the whole mission of the church through activities for senior citizens, parents and toddlers and other special needs groups.

Public benefit

We have referred to the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives we have set. We exist to serve all people in our community without discrimination. We strive to promote social welfare through the provision of facilities aimed at improving the social, physical and spiritual wellbeing of those in our local community.

Where possible, we serve the community through annual food programmes and helping the homeless. Volunteers from the Church work with Crisis at Christmas and also support feeding those that are hungry and in need of shelter through the local authority's feeding programmes.

The Charity provides a safe working environment for visitors, members, workers and volunteers and any serious incidences are reported in accordance with our safeguarding policy. There were no serious incidents during the year ended 31 March 2025.

Fundraising

The Charity raises funds from the public in the form of voluntary donations ("general offerings") from attendees of its Christian church services.

NewDay Ministries Christian Centre Registered charity number: 1135233 Trustees' Report for the year ended 31 March 2025

The Charity does not use the services of a professional fundraiser or commercial participator in the process of raising funds. Also, the Charity (or any person acting on its behalf) is not subject to any voluntary scheme for regulating fundraising, or voluntary standard for fundraising in respect of activities on behalf of the Charity.

The Charity (or any person acting on its behalf) has not received any complaints in regard to its fundraising activities.

Activities during the year

During the year, the Charity continued to provide support to families in need in the local community through events such as breakfast seminars, Family Days and health awareness seminars. The Charity also held other events throughout the year – including: music classes, concerts, and relationship seminars.

Financial review

Principal sources of funding

The largest contribution to the Charity is tithes and voluntary general offerings given by the [church] congregation as well as from gift donations and the associated tax claims.

Financial review

The Charity achieved a surplus of £33,792 for the financial year. At 31 March 2025, the Charity held total funds of £589,842 – that is, £96,739 cash at the bank and in hand; £25,872 in debtors, prepayments and accrued income; £874,035 in the value of fixed assets; less creditors of £406,804. This, in all, is considered to be an appropriate level of funds to enable the Charity to pursue its objectives.

Reserves policy

A sufficient cash reserve is held in order to provide the working capital needed to cover seasonal fluctuations in the Charity’s income and expenditure and to fulfil its day-to-day obligations. When deciding on the level of these reserves (that is, those funds not tied up in fixed assets), the Trustees take into consideration the forecasted levels of income and expenditure, the reliability of each source of income, and the prospect of new sources of income.

It is the trustees’ view that it is prudent to maintain the forecasted level of reserves to allow for financial flexibility and stability in light of the Charity’s dependence on voluntary donations.

Investment policy

The trustees have adopted a strong, socially-responsible investment policy for the reserves of the Charity. This policy, in tandem with the need to fulfil our statutory obligations, has the objective of investing in such a way that the principles of socially-responsible investment are promoted. A further factor is the need to have ready access to our reserves (as long-term funding cannot be guaranteed) so, for the current period, we have placed surplus funds in bank current accounts and deposit accounts.

NewDay Ministries Christian Centre Registered charity number: 1135233 Trustees' Report for the year ended 31 March 2025

Risk management

The trustees actively review, on a regular basis, the major risks that the Charity faces in maintaining reserves at the levels detailed above; in addition to an annual review of the controls over key financial systems carried out through an internal audit process - to ensure appropriate controls are in place as assurance against fraud and error.

Internal control risks are minimised by authorisation procedures for all financial transactions; and policies and procedures are in place to ensure compliance with health and safety regulations by, and for, staff, volunteers and visitors.

The trustees have also examined other operational and business risks which the Charity faces and confirm that they have taken steps to mitigate any significant risks.

Structure, governance and management

Governing document

NewDay Ministries Christian Centre (NewDay) is an unincorporated charitable organisation formed on 18 March 2010 and registered as a charity on 25 March 2010. The Charity is governed by a Declaration of Trust dated 18 March 2010 which is supplemented by a Book of Discipline which is used for certain day-to-day procedures and activities.

Organisational structure

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Deed of Trust.

Volunteers

The Charity uses trained and experienced volunteers that support its activities in the area of Children education i.e. the Sunday School. Their contribution has helped the Charity to meet its aim in teaching and mentoring our children and young people.

We also use volunteers in the area of welfare advice. Making significant and relevant impact in the provision of housing homelessness and social welfare advice.

There were 10 volunteers throughout the year, excluding trustees, who aided in the running of the Charity.

Recruitment and appointment of trustees

There must be at least 3 trustees. Apart from the first trustees, new trustees must be appointed by a resolution of a special meeting of the trustees duly called under the provisions of the Trust Deed.

The existing board of trustees seeks to ensure that the needs of the Charity are appropriately reflected through the diversity of the trustee body. To enhance the potential pool of trustees, the Charity has, through selective advertising and networking with voluntary organisations active in the sector, sought to identify those who would be willing to become members of the Charity and use their own experience to assist the Charity in fulfilling its objectives.

There were no new or additional trustees recruited in the year to 31 March 2025.

NewDay Ministries Christian Centre Registered charity number: 1135233 Trustees' Report for the year ended 31 March 2025

Trustee induction and training

Many trustees are already familiar with the practical work of the Charity as they are also active members of the Charity as well as involved in other charities, churches and/or charitable institutions.

New trustees are encouraged to familiarise themselves with charity law, their responsibilities as trustees and with Charity's rules and practices. They are invited and encouraged to attend a series of short training sessions to familiarise themselves with the Charity and the context within which it operates. These cover:

the obligations of the board of trustees;
the operational framework for the Charity;
the current financial position and revenue generation; and
future plans and objectives.

Trustees

The following persons served as trustees during the year:

Pastor Simon C. Wallace Lady Brenda J. Wallace Paulette Rowe Sheila Belgrave Sandra L. King

Trustees' responsibilities

The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the Charity and enable them to ascertain to ensure that the accounts comply with the Charities Act 2011 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the Charity and financial information included on the Charity’s website as well as:

a) to prepare financial statements which show a true and fair view;

b) in preparing financial statements:

(i) to select suitable accounting policies and apply them on a consistent basis; and
(ii) to make judgements and estimates that are prudent and reasonable; as well as
c) to keep proper accounting records.

Disclosure of information to independent examiners

Each person who was a trustee at the time this report was approved confirms that:

so far as he is aware, there is no relevant audit information of which the Charity's independent examiner is unaware; and

NewDay Ministries Christian Centre Registered charity number: 1135233 Trustees' Report for the year ended 31 March 2025

he has taken all the steps that he ought to have taken as a trustee in order to make himself aware of any relevant audit information and to establish that the Charity's independent examiner is aware of that information.

This report was approved by the board on 7 July 2025 and signed on their behalf.

Pastor Simon C. Wallace Trustee

NewDay Ministries Christian Centre Independent Examiner's Report to the members of NewDay Ministries Christian Centre

I report to the trustees on my examination of the accounts of the above charity ('the Charity') for the year ended 31 March 2025 which are set out in pages 8 to 19.

Responsibilities and basis of report

As the Charity’s trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mark Jackson (Senior Statutory Auditor)

for and on behalf of Jacksons Chartered Accountants First Floor, Albion House Albion Street Hull HU1 3TE

7 July 2025

NewDay Ministries Christian Centre Statement of Financial Activities for the year ended 31 March 2025

Notes Income from charitable activities 2 Expenditure on charitable activities Net operating income Administrative expenses Operating surplus 3 Interest receivable Interest payable 6 Movement in funds: Net income Reconciliation of funds Net movement in funds Total funds brought forward Total funds carried forward	2025 £ 150,449 (3,394) 147,055 (89,830) 57,225 521 (23,954) 33,792 33,792 556,050 589,842	2024 £ 161,677 (3,099) 158,578 (58,305) 100,273 110 - 100,383 100,383 455,667 556,050

NewDay Ministries Christian Centre Registered charity number: 1135233 Statement of Financial Position as at 31 March 2025

	Notes	2025	2024
		£	£
Fixed assets
Tangible assets	7	874,035	8,210
Current assets
Debtors	8	25,872	28,628
Cash on deposit		597	77
Cash at bank		96,142	550,630
Creditors: amounts falling due		122,611	579,335
within one year	9	(15,095)	(31,495)
Net current assets		107,516	547,840
Total assets less current
liabilities		981,551	556,050
Creditors: amounts falling due
after more than one year	10	(391,709)	-
Net assets		589,842	556,050
Charity funds
Unrestricted funds	11	589,842	556,050
Total charity funds		589,842	556,050

Pastor Simon C. Wallace Trustee

Approved by the board on 7 July 2025 and signed on their behalf.

NewDay Ministries Christian Centre Statement of Changes in Charitable Funds for the year ended 31 March 2025

This schedule does not form part of the statutory accounts

At 1 April 2023 Surplus for the financial year At 31 March 2024 At 1 April 2024 Surplus for the financial year At 31 March 2025	Income and Expenditure account £ 455,667 100,383 556,050 556,050 33,792 589,842	Total £ 455,667 100,383 556,050 556,050 33,792 589,842

NewDay Ministries Christian Centre Statement of Cash Flows for the year ended 31 March 2025

Notes Operating activities Profit for the financial year Adjustments for: Interest receivable Interest payable Depreciation Decrease/(increase) in debtors (Decrease)/increase in creditors Interest received Interest paid Cash generated by operating activities Investing activities Payments to acquire tangible fixed assets Cash used in investing activities Financing activities Proceeds from new loans Repayment of loans Cash generated by financing activities Net cash (used)/generated Cash generated by operating activities Cash used in investing activities Cash generated by financing activities Net cash (used)/generated Cash and cash equivalents at 1 April Cash and cash equivalents at 31 March Cash and cash equivalents comprise: Cash at bank	2025 £ 33,792 (521) 23,954 6,611 2,756 (20,545) 46,047 521 (23,954) 22,614 (872,436) (872,436) 400,000 (4,146) 395,854 22,614 (872,436) 395,854 (453,968) 550,707 96,739 96,739	2024 £ 100,383 (110) - 1,570 (5,384) 30,250 126,709 110 - 126,819 (4,692) (4,692) - - - 126,819 (4,692) - 122,127 428,580 550,707 550,707

Analysis of net debt for the year ended 31 March 2025

Cash at bank Loans due within one year Loans due after more than one year	At start of year £ 550,707 - - 550,707	Cash flows £ (453,968) (4,145) (391,709) (849,822)	At end of year £ 96,739 (4,145) (391,709) (299,115)

NewDay Ministries Christian Centre Notes to the Financial Statements for the year ended 31 March 2025

1 Summary of significant accounting policies

Basis of preparation

The Charity constitutes a public benefit entity as defined by FRS 102.

Income

All income is recognised in the Statement of Financial Activities once the Charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.

Donated goods and services are recorded at their expected cost.

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each

Plant and machinery at a rate of 10% per year, over 10 years Motor vehicles at a rate of 25% of the net book value

Depreciation is not provided on freehold buildings because the residual value of the buildings at the end of their useful life is expected to be higher than its cost or valuation.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Taxation

The charity is exempt from taxation under sections 521 to 536 of the Income Tax Act 2007 (ITA 2007).

NewDay Ministries Christian Centre Notes to the Financial Statements for the year ended 31 March 2025

Fund accounting: restricted and unrestricted funds

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements below.

Going concern

The accounts have been prepared on the going concern basis, which assumes that the Charity will be in operational existence twelve months from the date of approval of these accounts. The trustees are satisfied that this basis is appropriate.

The facts that support the conclusion of going concern are:-

• on 31 March 2025, the Charity held £597 cash on deposit and £96,142 cash at bank – a total of £96,739; and

• the Charity had a net income of £33,792 this year.

There are no material uncertainties.

Provisions

Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

Government grants

The accrual model (FRS 102 24.5C-G) was applied in producing these accounts; therefore grants were recognised as either relating to revenue (over the period in which the Charity recognises the related costs for which the grant was intended to compensate) or relating to assets (over the expected useful life of the asset).

2 Analysis of income from charitable activities Tithes and offerings Gifts, donations and pledges Gift aid Other contributions By geographical market: UK	2025 £ 29,843 93,387 22,670 4,549 150,449 150,449	2024 £ 26,227 102,328 28,573 4,549 161,677 161,677

NewDay Ministries Christian Centre Notes to the Financial Statements for the year ended 31 March 2025

3	Operating surplus	2025	2024
		£	£
	This is stated after charging:
	Depreciation of owned fixed assets	6,611	1,570
4	Staff costs	2025	2024
	Wages and salaries	£ 27,070	£ 26,521
	Other pension costs	1,458	1,458
		28,528	27,979
	No employees received emoluments (excluding employer pension costs) of more than £60,000.
	Average number of employees during the year	2025	2024
	Pastoral services	1	1

5 Role played by general volunteers

	Volunteers played a vital role in the running of the Charity and their contribution helped the	Volunteers played a vital role in the running of the Charity and their contribution helped the
	Charity achieve its objectives.
6	Interest payable	2025 2024
	Bank loans and overdrafts	£ £ 23,954 -

NewDay Ministries Christian Centre Notes to the Financial Statements for the year ended 31 March 2025

7 Tangible fixed assets Land and buildings Plant and machinery At cost At cost £ £ Cost or valuation At 1 April 2024 - 16,300 Additions 828,611 43,825 At 31 March 2025 828,611 60,125 Depreciation At 1 April 2024 - 9,027 Charge for the year 530 5,847 At 31 March 2025 530 14,874 Carrying amount At 31 March 2025 828,081 45,251 At 31 March 2024 - 7,273 8 Debtors Other taxes and social security costs Prepayments and accrued income 9 Creditors: amounts falling due within one year Bank loans Trade creditors Other creditors 10 Creditors: amounts falling due after one year Bank loans	Motor vehicles At cost £ 3,950 - 3,950 3,013 234 3,247 703 937 2025 £ 2,935 22,937 25,872 2025 £ 4,145 1,950 9,000 15,095 2025 £ 391,709	Total £ 20,250 872,436 892,686 12,040 6,611 18,651 874,035 8,210 2024 £ - 28,628 28,628 2024 £ - 1,500 29,995 31,495 2024 £ -

NewDay Ministries Christian Centre Notes to the Financial Statements for the year ended 31 March 2025

11 Funds At 1 April Net income for the financial year At 31 March Reserves *Restricted and unrestricted funds* At 1 April Unrestricted funds Net income for the financial year Unrestricted funds At 31 March Unrestricted funds Total funds carried forward	2025 £ 556,050 33,792 589,842 2025 £ 556,050 33,792 589,842 589,842	2024 £ 455,667 100,383 556,050 2024 £ 455,667 100,383 556,050 556,050

Unrestricted funds are available for use at the discretion of the trustees, in order to further the charity's objectives.

12 Analysis of net assets between funds

Fixed assets Current assets Current liabilities Non-current liabilities	2025 Unrestricted Restricted funds funds 874,035 - 122,611 - (15,095) - (391,709) - 589,842 -	2025 £ 874,035 122,611 (15,095) (391,709) 589,842	2024 £ 8,210 579,335 (31,495) - 556,050

NewDay Ministries Christian Centre Notes to the Financial Statements for the year ended 31 March 2025

13 Related party transactions

The following payments were made to trustees during the financial year.

Pastor Simon C. Wallace Trustee Pastor Simon C. Wallace Trustee	£ 27,070 Wages and salaries for pastoral services 1,458 Pensions 28,528

The following goods and services were donated by trustees during the financial year and are included in 'Other contributions':

£ Pastor Simon C. Wallace Trustee 4,549 Donation of use of home

No other trustees claimed expenses or had their expenses met by the Charity.

The legal authority under which the above payments were made was the Charity's governing document.

14 Presentation currency

The financial statements are presented in Sterling, rounded to the nearest pound (£).

15 Legal form of entity and country of incorporation

NewDay Ministries Christian Centre is an unincorporated charity, registered with the Charity Commission for England and Wales.

16 Principal place of business

The address of the charity's principal place of business and registered office is:

74 Westrow Drive Barking Greater London IG11 9BN

NewDay Ministries Christian Centre Detailed Statement of Financial Activities

also Income and Expenditure Account

for the year ended 31 March 2025

Notes Income from charitable activities 2 Tithes and offerings Gifts, donations and pledges Gift aid Other contributions Expenditure on charitable activities Church: Worship Gifts and donations Catering and hospitality Net operating income Administrative expenses Support costs Governance costs Operating surplus Interest receivable Interest payable Movement in funds: Surplus	2025 £ 29,843 93,387 22,670 4,549 150,449 (3,000) (250) (144) (3,394) 147,055 (81,969) (7,861) 57,225 521 (23,954) 33,792	2024 £ 26,227 102,328 28,573 4,549 161,677 (3,000) (99) - (3,099) 158,578 (53,950) (4,355) 100,273 110 - 100,383

NewDay Ministries Christian Centre Detailed Income and Expenditure Account for the year ended 31 March 2025

Income from charitable activities Tithes and offerings Gifts, donations and pledges Gift aid Other contributions Expenditure on charitable activities Church: Worship Gifts and donations Catering and hospitality Administrative expenses Support costs Employee costs: Wages and salaries Pensions Travel and subsistence Motor expenses Premises costs: Rent Rates Light and heat General administrative expenses: Telephone and internet Stationery and printing Bank charges Insurance Equipment expensed Repairs and maintenance Depreciation Support costs Governance costs Legal and professional costs: Independent examination fees Accountancy fees Other legal and professional fees Governance costs Administrative expenses	2025 £ 29,843 93,387 22,670 4,549 150,449 3,000 250 144 3,394 27,070 1,458 477 4,934 33,939 7,513 211 410 8,134 1,510 326 670 818 1,418 28,542 6,612 39,896 81,969 1,050 900 5,911 7,861 89,830	2024 £ 26,227 102,328 28,573 4,549 161,677 3,000 99 - 3,099 26,521 1,458 1,269 6,497 35,745 13,788 211 338 14,337 599 674 500 - 525 - 1,570 3,868 53,950 750 855 2,750 4,355 58,305