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← New Life Church, Crouch Valley

2024-12-31-accounts

REGISTERED COMPANY NUMBER: 08062802 (England and Wales) REGISTERED CHARITY NUMBER: 1149409

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

NEW LIFE CHURCH, CROUCH VALLEY

Xeinadin Billericay Limited Lakeview House

4 Woodbrook Crescent Billericay Essex CM12 0EQ

NEW LIFE CHURCH, CROUCH VALLEY

Report of the Trustees for the Year Ended 31 December 2024

The Trustees present their annual report and financial statements for the year ended 31 December 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective l January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Our charitable goals are set out fully in our Articles of Association, but can be summarised as follows:

i. Advancing the Christian faith

We seek to build a strong and growing Church reflecting our values and beliefs and serving our local community and beyond. In doing so, we play our part in the whole mission of the worldwide Church of which we are a part. Our activities to this end include evangelism, teaching, worship, prayer, children's and young peoples' ministry.

ii. Social Action

We seek the relief of hardship and promotion of positive life-skills to see thriving individuals and communities, as a key and indivisible part of the mission of the Church.

iii. Being a Positive Part of our Community

We are positive about the community in which we live and seek its good. We want to see the Crouch Valley thrive as part of seeing Essex transformed.

The leadership and the Trustees of the Church keep in mind the Commission's guidance on public benefit and in particular the specific guidance on charities for the advancement of religion.

Page 1

NEW LIFE CHURCH, CROUCH VALLEY

Report of the Trustees for the Year Ended 31 December 2024

OBJECTIVES AND ACTIVITIES Significant activities

Public Meetings and Advancing the Christian faith

Full public meetings were held at both of our buildings during the year (on Sundays and during the week). Besides our usual Sunday meetings, we also held meetings with other churches as part of our local and regional partnerships to advance the Christian faith. We continued to engage with and support church members and reach new people during the year.

Social Action

Some of our social action initiatives continued during the year, including our work with local food banks. Support groups were able to continue to use Miracle House, in line with guidelines.

We also provided support to other social action groups such as Basildon Emergency Shelters, Faith Food TV, Project Saved, Bibles Pakistan, Bibles for Believers in Recovery, Salvation Army, Living Fire, Compassion UK, and individual families from our 10% Tithe Fund and Help Fund..

.

Being Part of Our Community

We continued to:

The Church remains committed to giving away at least 10% of its received donations to support the above and other charities which may be local or based overseas in Africa, Asia and Europe.

During the year we used our Help Fund to support members of the community. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

The Church would not be able to offer the breadth of activity it does without the extensive use of unpaid volunteers to support the small number of paid church employees. We are grateful for this support and commitment.

Page 2

NEW LIFE CHURCH, CROUCH VALLEY

Report of the Trustees for the Year Ended 31 December 2024

OBJECTIVES AND ACTIVITIES

Public benefit

The activities undertaken by the Church during the year to further, in the opinion of the Trustees, its charitable purposes for public benefit, are described within objectives and aims above.

The Trustees are of the opinion that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission.

Volunteers

The Church would not be able to offer the breadth of activity it does without the extensive use of unpaid volunteers to support the small number of paid Church employees. We are grateful for this support and commitment especially as it continued to be offered during a year in which we experienced significant growth in membership.

FINANCIAL REVIEW

Reserves policy

The Church policy is to hold reserves equal to three months of annual budgeted expenditure. During the year, we paid off the outstanding mortgage on our second building at Clements Green Lane.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

Trustees are elected in accordance with the Memorandum and Articles of Association.

Organisational structure

Trustees are elected in accordance with the Memorandum and Articles of Association.

During the year the following served as members of the Church governance:

Church Leaders: - Mr. Robert Purnell (Key Leader) - Mrs. Elizabeth Purnell - Mrs. Nina Taylor - Mr. Duane Paris - Mr Bayo Emmanuel - Mr. Andrew Bourne Elected Trustees: - Mr. Babajide Ajidagba - Mr. Peter Watkinson - Mrs. Denise Parris (resigned on 31/05/2025) - Mr. Mark Tomlinson - Mrs. Sheila Benson - Mr. Dipo Akinrinlade

Induction and training of new Trustees

Trustees are provided with a copy of the Charity Commission guidance "Charity Trustee - what's involved". There were no new joiners to the Board during the year.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

08062802 (England and Wales)

Registered Charity number

1149409

Page 3

NEW LIFE CHURCH, CROUCH VALLEY

Report of the Trustees for the Year Ended 31 December 2024

Registered office Mr Babijide Ajidagba Miracle House Silva Island Way Wickford Essex SS12 9NR Trustees B Ajidagba Head Of Operations Ms S A Benson-Nunoo Solicitor/director D A Parris Nutritional Therapist (resigned 31.5.25) M A Tomlinson Manager P O Watkinson Retired O O Akinrinlade Life Planner Company Secretary B Ajidagba Independent Examiner David Petrassi FCCA FCA Xeinadin Billericay Limited Lakeview House 4 Woodbrook Crescent Billericay Essex CM12 0EQ

Donors

The Trustees are hugely grateful to Church members and other donors for their continued faithfulness in giving which made it possible to thrive despite the challenging environment.

Buildings

Recognising the growth in our community, we've continued exploring the future use of our main Wickford building (Miracle House) with our partners, Church Growth Trust during the year. We continued to upgrade our facilities at our South Woodham Ferrers Building (Miracle House 2) to foster improved experience by our members and those that attend the building..

The Trustees’ report was approved by the Board of Trustees.

Approved by order of the Board of Trustees on 19 September 2025 and signed on its behalf by:

B Ajidagba - Trustee

Page 4

JndepeTrdent ETaMiner's Report to the of NEW LIFE CHURCH, CROUCH VALLEY IndependeDt examiDer's report to the trustee5 Df NEW LIFE CHURCH. CROUCH VALLEY ('tbe CompaDy') I rewrt to ihe charity in￿le¢S on my examination of the accounts of the Company for rhe year ended 31 December 2024. Responsibilities And b8$is of report As the charity's trusteeg of the Company {and also its dire¢tOTS for the putw)ses of company law) you are responsible for the piepaiation of the accouDts in accordance Mith the requirefftents of Ibe Cornpanies Act 2006 ('the 2006 Act,). Having satisfi¢d mvs¢lf that th¢ a¢collnts of th¢ Company ar¢ noi r¢quircd io b¢ audiicd undcr Part 16 of th¢ 2006 Act and ar¢ eligible tor independeni examinaiion, I re￿rt in respeci of my examinaiion of your chariry's accounts as carried oui under Seciion 145 of the Chatities ALt 2011 I'the 201 l Act,). In catryitig out examination I have followe41 the Directions gven by the Chatity Commission under Section 145{5) (bl of the ?01 l ACL. IndependeDt eXa￿lDer'S state￿ent Sin¢¢ your charity's gross in¢otn¢ ¢XC¢￿ £250,IK)O your ¢Lqmin¢r must b¢ a Ern￿]b¢r ol a list¢d body. l Can ¢onfinn that l am qualified io llndertake the examination because I am a member of ihe Insiiiute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirni that no D]atters bave to rny atLelliioll in CO[￿eCtiOn ￿1th the examination giving me cause to believe.. accountlTlg Ttcords were not kept in respect of the Con]pany as required by Section 386 of the 2006 Act; or the accounts do not accord those record5. or the account8 do noi eomply I￿.ith the accounting requiremenis of section 396 of ihe 2006 Act other than any requirement that the accounts give a true and fair ￿'leW which is noi a mailer Considered #s pan of an independent examinalion- or the acLvunts have noi been prepaied in accotdance the method5 and ptinciples of the StsteTnent vf Recommended Practice for accountinq and reporting by charities (applicable to clwities preparing iheir aecounts in accordance with the Financial Rcporting Siandard applicable in thc UK and Republic ofircland {FRS 10211. J have no concetns and have come across no other Tnattet5 in connection with the exaTnination to which attentioll should be drawn in this report in OTdei to enable a piopei understanding of the accounts 10 ￿ reached. David Petra5SI FCCA FCA Xeinadin Billericay Limiied Lakeview. House 4 Woodbrook Ciescent Billerieay Essex CM12 OEQ 19 September 2025 Page 5

NEW LIFE CHURCH, CROUCH VALLEY

Statement of Financial Activities for the Year Ended 31 December 2024

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
333,077
Other trading activities
2
82,277
Investment income
3
28,900
Other income
900
Total
445,154
EXPENDITURE ON
Raising funds
222,648
Charitable activities
Charitable activities
171,971
Other
720
Total
395,339
NET INCOME/(EXPENDITURE)
49,815
RECONCILIATION OF FUNDS
Total funds brought forward
263,723
TOTAL FUNDS CARRIED FORWARD
313,538		 31.12.24
31.12.23
Restricted
Total
Total
funds
funds
funds
£
£
£
52,820
385,897
333,543
160
82,437
71,524
-
28,900
23,232
-
900
-
52,980
498,134
428,299
2,697
225,345
204,079
59,289
231,260
207,908
-
720
2,000
61,986
457,325
413,987
(9,006)
40,809
14,312
35,289
299,012
284,700
26,283
339,821
299,012

The notes form part of these financial statements

Page 6

NEW LIFE CHURCH, CROUCH VALLEY

Balance Sheet

31 December 2024

----- Start of picture text -----
|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |31.12.24|31.12.23| |Unrestricted|Restricted|Total|Total| |funds|funds|funds|funds| |Notes|£|£|£|a| |FIXED|ASSETS| |Tangible|assets|8|213,465|-|213,465|207,429| |CURRENT|ASSETS| |Debtors|9|59|-|59|-| |Cash|at|bank|105,544|26,284|131,828|152,868| |105,603|26,284|131,887|152,868| |CREDITORS| |Amounts|falling|due|within|one|year|10|(5,531)|-|(5,531)|(3,866)| |NET|CURRENT|ASSETS|100,072|26,284|126,356|149,002| |TOTAL ASSETS|LESS|CURRENT|LIABILITIES|313,537|26,284|339,821|356,431| |CREDITORS| |Amounts|falling|due|after more|than one year|11|-|-|-|(57,419)| |NET ASSETS|313,537|26,284|339,821|299,012| |FUNDS|13| |Unrestricted|funds|313,537|263,723| |Restricted|funds|26,284|35,289| |TOTAL FUNDS|339,821|299,012|

----- End of picture text -----

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 19 September 2025 and were signed on its behalf by:

B Ajidagba - Trustee

The notes form part of these financial statements

Page 7

NEW LIFE CHURCH, CROUCH VALLEY

Notes to the Financial Statements for the Year Ended 31 December 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

2. OTHER TRADING ACTIVITIES

2. OTHER TRADING ACTIVITIES
31.12.24 31.12.23
£ £
Coffee shop 80,133 69,105
Sponsorships 2,304 2,419
82,437 71,524
3. INVESTMENT INCOME
Hall hire 31.12.24
£
26,867		 31.12.23
£
22,157
Deposit account interest 2,033 1,075
28,900 23,232

continued...

Page 8

NEW LIFE CHURCH, CROUCH VALLEY

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.12.24 31.12.23
£ £
Depreciation - owned assets 7,987 4,714
Hire of plant and machinery 3,243 2,752
Surplus on disposal of fixed assets (900) -

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no Trustees remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

6. STAFF COSTS

The average monthly number of employees during the year was as follows:

7.

Charitable activities and support staff 31.12.24
12		 31.12.23
11
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM Unrestricted
funds
£		 Restricted
funds
£		 Total
funds
£
Donations and legacies 286,136 47,407 333,543
Other trading activities 71,239 285 71,524
Investment income 23,232 - 23,232
Total 380,607 47,692 428,299
EXPENDITURE ON
Raising funds 203,879 200 204,079
Charitable activities
Charitable activities 160,125 47,783 207,908
Other 2,000 - 2,000
Total 366,004 47,983 413,987
NET INCOME/(EXPENDITURE) 14,603 (291) 14,312
RECONCILIATION OF FUNDS
Total funds brought forward 249,120 35,580 284,700
TOTAL FUNDS CARRIED FORWARD 263,723 35,289 299,012

continued...

Page 9

NEW LIFE CHURCH, CROUCH VALLEY

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

8. TANGIBLE FIXED ASSETS

8. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£ £ £ £
COST
At 1 January 2024 200,000 11,787 2,367 214,154
Additions 4,195 9,828 - 14,023
At 31 December 2024 204,195 21,615 2,367 228,177
DEPRECIATION
At 1 January 2024 - 5,345 1,380 6,725
Charge for year - 7,198 789 7,987
At 31 December 2024 - 12,543 2,169 14,712
NET BOOK VALUE
At 31 December 2024 204,195 9,072 198 213,465
At 31 December 2023 200,000 6,442 987 207,429
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors 31.12.24
£
59		 31.12.23
£
-
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 12) 31.12.24
£
-		 31.12.23
£
2,366
Trade creditors (1) -
Social security and other taxes 3,312 -
Accruals and deferred income 2,220 1,500
5,531 3,866
11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 12) 31.12.24
£
-		 31.12.23
£
57,419
12. LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand: 31.12.24
£		 31.12.23
£
Bank loans - 2,366
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal - 57,419

continued...

Page 10

NEW LIFE CHURCH, CROUCH VALLEY

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

13. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Miracle House
Fundraising designated
Little sparks
Restricted funds
Help fund
Charity Box
Ascend Essex training
Make Lunch
School Pastors
Essex shall be saved
Transforming Essex
Arise Ladies
Holding fund
Extending Miracle House
Yum Yum refurbishment
10% Tithes from general fund
Community garden project
Beyond The Walls
Overseas Missions
Jaywyck
TOTAL FUNDS		 Net
movement
At
At 1.1.24
in funds
31.12.24
£
£
£
826,309
141,269
967,578
(568,474)
(91,455)
(659,929)
632
-
632
5,256
-
5,256
263,723
49,814
313,537
1,530
1,328
2,858
40
(7)
33
559
38
597
986
(793)
193
3,807
(1,045)
2,762
3,939
(3,939)
-
6,708
(6,708)
-
408
875
1,283
294
(294)
-
10,113
512
10,625
1,303
(946)
357
5,307
1,122
6,429
295
-
295
-
123
123
-
166
166
-
563
563
35,289
(9,005)
26,284
299,012
40,809
339,821

continued...

Page 11

NEW LIFE CHURCH, CROUCH VALLEY

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

13. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Miracle House
Restricted funds
Help fund
Charity Box
Ascend Essex training
Make Lunch
School Pastors
Essex shall be saved
Transforming Essex
Media RF
Arise Ladies
Holding fund
Extending Miracle House
Yum Yum refurbishment
10% Tithes from general fund
Beyond The Walls
Overseas Missions
Jaywyck
TOTAL FUNDS		 Incoming
resources
£
445,154
-
445,154
10,878
260
160
598
-
7,122
2,911
2,700
5,371
2,981
512
1,751
16,582
425
166
563
52,980
498,134		 Resources
Movement
expended
in funds
£
£
(303,885)
141,269
(91,455)
(91,455)
(395,340)
49,814
(9,550)
1,328
(267)
(7)
(122)
38
(1,391)
(793)
(1,045)
(1,045)
(11,061)
(3,939)
(9,619)
(6,708)
(2,700)
-
(4,496)
875
(3,275)
(294)
-
512
(2,697)
(946)
(15,460)
1,122
(302)
123
-
166
-
563
(61,985)
(9,005)
(457,325)
40,809

continued...

Page 12

NEW LIFE CHURCH, CROUCH VALLEY

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Miracle House
Fundraising designated
Little sparks
Restricted funds
Help fund
Charity Box
Ascend Essex training
Make Lunch
School Pastors
Essex shall be saved
Transforming Essex
Media RF
Arise Ladies
Holding Fund
Extending Miracle House
Yum Yum refurbishment
10% Tithes from general fund
Community garden project
TOTAL FUNDS		 Net
movement
At
At 1.1.23
in funds
31.12.23
£
£
£
707,733
118,576
826,309
(464,940)
(103,534)
(568,474)
632
-
632
5,695
(439)
5,256
249,120
14,603
263,723
3,998
(2,468)
1,530
41
(1)
40
500
59
559
1,459
(473)
986
1,807
2,000
3,807
9,098
(5,159)
3,939
5,955
753
6,708
233
(233)
-
157
251
408
10
284
294
8,443
1,670
10,113
1,503
(200)
1,303
2,225
3,082
5,307
151
144
295
35,580
(291)
35,289
284,700
14,312
299,012

continued...

Page 13

NEW LIFE CHURCH, CROUCH VALLEY

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

13. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Miracle House
Little sparks
Restricted funds
Help fund
Charity Box
Ascend Essex training
Make Lunch
School Pastors
Essex shall be saved
Transforming Essex
Media RF
Arise Ladies
Holding Fund
Extending Miracle House
Yum Yum refurbishment
10% Tithes from general fund
Community garden project
TOTAL FUNDS		 Incoming
resources
£
380,607
-
-
380,607
4,095
524
285
1,206
7,000
9,292
7,361
1,380
1,301
2,121
1,670
-
11,107
350
47,692
428,299		 Resources
Movement
expended
in funds
£
£
(262,031)
118,576
(103,534)
(103,534)
(439)
(439)
(366,004)
14,603
(6,563)
(2,468)
(525)
(1)
(226)
59
(1,679)
(473)
(5,000)
2,000
(14,451)
(5,159)
(6,608)
753
(1,613)
(233)
(1,050)
251
(1,837)
284
-
1,670
(200)
(200)
(8,025)
3,082
(206)
144
(47,983)
(291)
(413,987)
14,312

continued...

Page 14

NEW LIFE CHURCH, CROUCH VALLEY

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

13. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Miracle House
Fundraising designated
Little sparks
Restricted funds
Help fund
Charity Box
Ascend Essex training
Make Lunch
School Pastors
Essex shall be saved
Transforming Essex
Transforming Essex
Media RF
Arise Ladies
Holding fund
Holding Fund
Extending Miracle House
Yum Yum refurbishment
10% Tithes from general fund
Community garden project
Beyond The Walls
Overseas Missions
Jaywyck
TOTAL FUNDS		 Net
movement
At
At 1.1.23
in funds
31.12.24
£
£
£
707,733
259,845
967,578
(464,940)
(194,989)
(659,929)
632
-
632
5,695
(439)
5,256
249,120
64,417
313,537
3,998
(1,140)
2,858
41
(8)
33
500
97
597
1,459
(1,266)
193
1,807
955
2,762
9,098
(9,098)
-
-
(6,708)
(6,708)
5,955
753
6,708
233
(233)
-
157
1,126
1,283
-
(294)
(294)
10
284
294
8,443
2,182
10,625
1,503
(1,146)
357
2,225
4,204
6,429
151
144
295
-
123
123
-
166
166
-
563
563
35,580
(9,296)
26,284
284,700
55,121
339,821

continued...

Page 15

NEW LIFE CHURCH, CROUCH VALLEY

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

13. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Miracle House
Little sparks
Restricted funds
Help fund
Charity Box
Ascend Essex training
Make Lunch
School Pastors
Essex shall be saved
Transforming Essex
Transforming Essex
Media RF
Arise Ladies
Holding fund
Holding Fund
Extending Miracle House
Yum Yum refurbishment
10% Tithes from general fund
Community garden project
Beyond The Walls
Overseas Missions
Jaywyck
TOTAL FUNDS		 Incoming
resources
£
825,761
-
-
825,761
14,973
784
445
1,804
7,000
16,414
2,911
7,361
4,080
6,672
2,981
2,121
2,182
1,751
27,689
350
425
166
563
100,672
926,433		 Resources
Movement
expended
in funds
£
£
(565,916)
259,845
(194,989)
(194,989)
(439)
(439)
(761,344)
64,417
(16,113)
(1,140)
(792)
(8)
(348)
97
(3,070)
(1,266)
(6,045)
955
(25,512)
(9,098)
(9,619)
(6,708)
(6,608)
753
(4,313)
(233)
(5,546)
1,126
(3,275)
(294)
(1,837)
284
-
2,182
(2,897)
(1,146)
(23,485)
4,204
(206)
144
(302)
123
-
166
-
563
(109,968)
(9,296)
(871,312)
55,121

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2024.

Page 16

NEW LIFE CHURCH, CROUCH VALLEY

Detailed Statement of Financial Activities for the Year Ended 31 December 2024

31.12.24 31.12.23
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Gifts (4) (2)
Donations 383,910 330,597
Subscriptions and licences 1,991 2,948
Other trading activities 385,897 333,543
Coffee shop 80,133 69,105
Sponsorships 2,304 2,419
Investment income 82,437 71,524
Hall hire 26,867 22,157
Deposit account interest 2,033 1,075
Other income 28,900 23,232
Gain on sale of tangible fixed assets 900 -
Total incoming resources 498,134 428,299
EXPENDITURE
Raising donations and legacies
Wages 142,333 131,971
Other trading activities
Coffee shop purchases 81,646 68,183
Mortgage 1,366 3,925
Charitable activities 83,012 72,108
Hall Hire 3,243 2,752
Repairs and Renewals 2,929 6,217
Miracle house expenditure 91,479 103,534
Light and heat 1,557 4,252
Telephone 401 374
Postage and stationery 456 814
Advertising 388 -
Sundries 114,872 76,925
Make lunch 1,391 1,679
216,716 196,547
Other
Exceptional items - 2,000
Support costs

This page does not form part of the statutory financial statements

Page 17

NEW LIFE CHURCH, CROUCH VALLEY

----- Start of picture text -----
|||| |---|---|---| |Detailed Statement of Financial Activities| |for the Year Ended 31 December 2024| |31.12.24|31.12.23| |£|£| |Support costs| |Finance| |Bank charges|2,428|1,773| |Information technology| |Subscriptions and licences|806|1,364| |Depreciation of tangible fixed assets|7,986|4,713| |8,792|6,077| |Other 3| |Accountancy|2,400|1,500| |Training|1,644|2,011| |4,044|3,511| |Total resources expended|457,325|413,987| |Net income|40,809|14,312|

----- End of picture text -----

This page does not form part of the statutory financial statements

Page 18

NEW LIFE CHURCH, CROUCH VALLEY

Contents of the Financial Statements for the Year Ended 31 December 2024

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 16
Detailed Statement of Financial Activities 17 to 18