**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. - Our work with Transforming Lives for Good (which incorporated Make Lunch) operated during the year via the Let's Cook initiative. We provided support to the Wickford and South Woodham Ferrers Food bank which supports the local community. - In partnership with Transforming Lives for Good, we joined the Early Intervention Partnership to provide mentoring and support to struggling children and families; taking a proactive approach to preventing school exclusion. - Our Parents and Toddlers group in Wickford ("Little Sparks") continued during the year. We also launched this service at our South Woodham Ferrers campus during the year. - Our work providing 'School Pastors' to the William de Ferrers Secondary School in South Woodham Ferrers continued during the year. - Our engagement with youth ("Ignite Youth") continued with face-to-face meetings during the year. - We offered work experience in our Yum Yums coffee shop during the year. - We continued with our wellbeing support group ("Kintsugi Hope"), open to members of the community and church members and will now integrate this into our ongoing activities. - We engaged our regional partner Southend Christian Fellowship to jointly plan events, support one another and share resources. - During the year, our Wickford campus became the venue for hosting "Let's Talk" - an initiative of the local neighbourhood policing team for community meeting and engagement with the public. - We supported the Reading Mentor Scheme by providing male volunteers from our local community who were trained by Lads Need Dads as reading mentors for boys with absent fathers to help improve boys reading and emotional literacy skills. - We supported the Ladies of New Life Church from our Vision Fund for their annual Arise Retreat. 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: - offer a safe and inclusive space for members of the community to meet and buy takeaway drinks or dine on-site ("Yum Yums Coffee Shop") - open our garden at Miracle House to provide a natural peaceful space accessible to the local community. - provide access to Miracle House for hiring by the local community. - be available to the local community as a place of contact for physical and spiritual support. 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 - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 - . and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 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|