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2025-12-31-accounts

REGISTERED COMPANY NUMBER: 08555537 (England and Wales) REGISTERED CHARITY NUMBER: 1153603

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

NEW LIFE CHURCH MINISTRIES (SLEAFORD)

Dexter & Sharpe Chartered Certified Accountants The Old Vicarage Church Close Boston Lincolnshire PE21 6NA

NEW LIFE CHURCH MINISTRIES (SLEAFORD)

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Page
Report of the Trustees and Church Board 1 to 14
Independent Examiner's Report 15
Statement of Financial Activities 16
Balance Sheet 17
Cash Flow Statement 18
Notes to the Cash Flow Statement 19
Notes to the Financial Statements 20 to 30

NEW LIFE CHURCH MINISTRIES (SLEAFORD)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of 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).

STRATEGIC REPORT

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.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

08555537 (England and Wales)

Registered Charity number

1153603

Registered office

Mareham Lane Sleaford Lincolnshire NG34 7JP

Trustees

K D Maltby R Munro Mrs D H Colyn N M Garfoot (resigned 12.12.2025) D C Jeal M D Watson P M Staples

Company Secretary

K D Maltby

Independent Examiner

NICOLA LENTON FCCA Dexter & Sharpe Chartered Certified Accountants The Old Vicarage Church Close Boston Lincolnshire PE21 6NA

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 29 June 2026 and signed on the board's behalf by:

…………………………………. M Watson (Chairman)

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NEW LIFE CHURCH MINISTRIES (SLEAFORD)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025

Registered Company Number 08555537

Registered Charity No. 1153603

Church Board’s Annual Report for 2025

The Directors, acting together as the Church Board, present their report and the accounts for the year ended 31 December 2025. The financial statements comply with current statutory requirements and Statement of Recommended Practice – Accounting and Reporting by Charities.

The Church Board

Mark Watson (Chairman) Nick Garfoot (Left 16.12.2025) Keith Maltby (Secretary) David Jeal Rod Munro (Treasurer) Debbie Colyn Paul Staples John Tonge (Joined 15.9.2025)

Constitution and Objects

New Life Church Ministries (Sleaford) is a company limited by guarantee number 8555537; constituted under Articles of Association dated 4[th] June 2013. It is also registered as a charity with the Charity Commission number 1153603. It replaced New Life Church Ministries constituted under a declaration of trust dated 4[th] April 2007 which itself replaced an earlier trust dated 1[st] August 1993. This transfer took place on 28[th] August 2014 from which time the Directors of New Life Church Ministries (Sleaford) had sole responsibility for the Church, its finances and operations.

The company and trust has as its articles the following objects which are for the benefit of the public: -

Management of the Company (also a Charity)

The management of the Church is vested in the Directors comprising the Minister(s) for the time being together with the duly appointed Directors whose names and addresses are entered in the Company and Charity Records. The minimum number of Directors is three.

The Officers of the Church are the Chairman, Secretary and Treasurer. The Chairman is the Senior Minister of the Church from time to time unless the Directors (in the absence of a Minister or if the Minister declines) resolve otherwise. The Secretary and Treasurer shall be appointed by the Directors.

The Directors, acting as the Church Board, meet at least four times in each year and regulate their own proceedings and may make arrangements to deal with the appointment of Ministers, Elders, Deacons, Leaders and other appointees and Church staff. All persons holding remunerated office with the Church are under contract with the Directors acting together as the Church Board.

Reserves

The Directors aim to maintain sufficient undesignated reserves to cover operational costs for a period of six months. At the balance sheet date free reserves are calculated at £476,037. This reserve exceeded the requirement of £113,887.

Volunteers

The Church operated all its activities using 319 volunteers delivering 726 instances of volunteering in 2025. It is estimated that volunteer time amounts to over 500 hours per week although this will vary considerably from week to week. Detailed records of volunteering are maintained and during 2026 we celebrate the work done by our volunteers during 2025. Community involvement increasingly supports the various local projects through increased take up of volunteering opportunities.

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NEW LIFE CHURCH MINISTRIES (SLEAFORD)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Statement of Church Council Responsibilities

The Directors (acting together as the Church Board) are required under the articles of the company (also a charity) to prepare financial statements in accordance with the current Charity legislation for each financial year giving a true and fair view of the state of affairs of the charity, and of the disposition of its capital and income for that year. In preparing those financial statements they are required to: -

The Directors are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time, the financial position of the charity. 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.

This report was approved by the Directors at the Church Board on 29 June 2026

and signed on their behalf by the Chairman and Secretary of the Board below:

………………………….. Mark Watson (Chairman)

…………………………. Keith Maltby (Secretary)

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NEW LIFE CHURCH MINISTRIES (SLEAFORD)

REPORT OF THE CHURCH BOARD FOR THE YEAR ENDED 31 DECEMBER 2025

Church Board’s Annual Report for 2025

Introduction

Under the leadership of Senior Pastor Mark Watson, we continued to develop the ministry of New Life in Sleaford, the surrounding area and beyond. The vibrant life of New Life in Sleaford continued under the new leadership being developed across all areas of Church life as demonstrated by the following report. We continued with new and interesting ways of reaching church and community in meaningful ways that work for them. Sunday services were a blend of inperson and on-line opportunities with a regular flow of new faces arriving in-person on Sundays. There was a continued presence on-line for those who on any given Sunday found this alternative met their needs, sometimes through sickness, occasionally whilst away and for some on a more regular basis. All aimed at proclaiming God’s love and building His Kingdom in Sleaford and beyond. Our mission and values helped us build a strong environment working alongside others:

Governance – continued under the direction and management of the Directors who form the Church Board. Their responsibility is a legal one with reference to financial activities and probity of the charitable company in accordance with all applicable legislation. They establish the arrangements for all the other activities to take place. They report to Companies House and the Charity Commission with practical intervention coming from HMRC, and Ofsted in relation to New Life Preschool of which the Board are the governing body.

Leadership - Mark and Susan Watson carried the responsibility of senior leadership for the Church, alongside the Eldership Team for oversight of the spiritual, pastoral and people activities in the life of the Church. Much of Church life was filtered through various Life Groups and other activities that met in people’s homes in Sleaford and surrounding villages. Specific teams were responsible for the various areas of Church activity and their individual reports follow. Many of these found new opportunities and methods to meet increasing need.

Operational - Pastoral sessions were available for those needing support. The arrangements for membership and baptismal sessions were the responsibility of the pastoral staff and Eldership. The Executive Pastor manages the governance arrangements within the Church, alongside the relationships with other churches and organisations in the local area. The Youth leaders continue to develop activities of the Mosaic Youth Hub and on a Sunday. The Children’s leaders continue bringing children from the north of the town to our Sunday mornings using our own minibus. Other aspects of church life, including its worship, are adapting to these new ways of operating. The Community Impact Team built on relationships with those they supported and those who helped them to build a broader support, including increased collaboration with North Kesteven District Council.

Relationships - New Life Church Ministries (Sleaford) had membership with the Evangelical Alliance, providing the theological and Biblical statements and beliefs as they relate to the issues of our day. The Church was also a corporate member of the Order of St Leonard (OSL) and continued to give its support to their activities including the annual offering for OSL around St Leonard’s Day. The Church continued its relationship with Ground Level, particularly through the Humber-to-the-Wash Connection.

This involved representation on the Leadership Team with some specific responsibility for south Lincolnshire churches and offering specific support as required. The Church was a member of Churches Together in Sleaford and District (CTSD) and contributed in various ways to the annual programme. The Executive Pastor was Vice Chairman of CTSD, and we also provided the Secretary and Treasurer from our members too. Through our link with Ground Level and CTSD we also connected into Churches Together in All Lincolnshire.

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NEW LIFE CHURCH MINISTRIES (SLEAFORD)

REPORT OF THE CHURCH BOARD FOR THE YEAR ENDED 31 DECEMBER 2025

Sunday Celebrations - Our Sunday gatherings have continued to be inspirational and important places of connection and belonging for many people. The number of people attending has been steadily growing throughout the year, adults and children alike. We have particularly seen growth in the number of people and families from other nationalities and cultures. This has increased the cultural diversity in the life of the church family. We also maintained the online streaming of our services mentioned earlier. Our services included a short time of age-accessible worship including monthly communion for our children and young people; in addition to which we held a few ‘Worship for all’ Sunday services where our children and young people joined the adult congregation for the whole service. We also enjoyed shared lunches together, baptism services and particularly celebrating 70 years as a church. Our 70th anniversary weekend, where we were joined by friends of the church over many decades, included a commemorative book, special services, exhibits of the life of the church, additional activities for all ages and a Hog Roast together. It was wonderful to celebrate with the church family past and present. Our guest speakers for the weekend brought messages from the book of Joshua which led to us looking at the themes from Joshua over several Sundays. Other themes throughout the year included going through the book of James; being apprenticed to Jesus; guiding the church in the application of the Christian faith and encouraging deepening discipleship. We were also blessed during the year with visits from Christina (from Pakistan) Matthew Skirton (from Operational Mobilisation) as well as the ministry of Howard Williams, Andy Bromley and Gerben and Mieke Grooten. We appreciated the many people who served so faithfully, including those who stepped into new roles to help with the growing congregation.

Life Groups – Between January and February there was a break in midweek groups, with the whole church invited to attend various courses and activities at church called ‘Growing Together.’ Midweek groups were renamed as Life Groups which have an emphasis on doing life together, offering discipleship and pastoral care within small groups. The congregation members were given a choice of which group they would like to attend. In March the new Life Groups were launched, with some preexisting group leaders continuing leadership and some new leaders taking responsibility for running new groups for the first time. There are twelve Life Groups which are spread across Sleaford and surrounding villages and run across daytime and evenings. There is also additional time invested in equipping current and new Life Group leaders. There are plans in 2026 to expand further by launching at least two new Life Groups enabling even more members of the congregation to attend.

Prayer – Involvement in Thy Kingdom Come Prayer between Ascension and Pentecost involved all the churches of Churches Together in Sleaford and District and received really positive feedback with ideas for 2026. We joined a special international week of prayer organised by 24/7 Prayer in September. Church prayer activities included Tuesday evening ‘Prayerful’ once a month bringing the whole Church together at a time they would normally be in their Life Groups. Prayer also took place through the day. The Prayer network fed by an email Prayer request system operated by the Prayer Co-ordinator continued through the year. Monthly Friday Prayers in the Prayer Room for some who prefer a more reflective time together remain a feature of our praying opportunities. The Prayer Room remained available for use by all.

Alpha - Alpha 2025 was launched on Monday, 3rd February 2025 and finished on 14th April 2025. The Holy Spirit Day was on Saturday 22nd March. Average attendance this year was 51 people on a Monday night. The helpers totalled 24 but due to illness, prior engagements, holidays and work shifts not all helpers attended every week. The average was 22 helpers (including kitchen and food serving and prayer) and 29 guests each week. We had on-site prayer in the prayer room as we felt this was really important. We invited a guest speaker for Holy Spirit Day, this worked well. The whole course and especially the Holy Spirit Day was very significant for several people. There were around 10 first time commitments to Christ across the entirety of the course, with many people starting to attend Church and some were baptised after Alpha.

The Alpha course was followed up with the Bible course which was eight weeks long. Following this there was a summer Life Group held for those that had been on the Alpha course and wanted to know more and get involved in the life of the Church. The Life Group continued until September, which then led into the Freedom in Christ course. In conclusion the Alpha 2025 was a very successful outreach to new people and building up current church attenders who came and subsequently now help on team within church life.

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NEW LIFE CHURCH MINISTRIES (SLEAFORD)

REPORT OF THE CHURCH BOARD FOR THE YEAR ENDED 31 DECEMBER 2025

Children’s’ Activities - Church

Acorns – Acorns is our programme for pre-school-aged children (2-4 years). In 2025, we had an average of 10 children attending each week, welcoming some new little ones whilst also celebrating many moving up to New Life Kidz (NLK). Our sessions continued to provide a consistent and nurturing routine with free play, hands-on activities, engaging Bible stories, songs, and a shared snack time, where we saw the children grow in confidence, build friendships, and form trusting relationships with the team. This year we also introduced our new curriculum, centred around the key questions Who is God?, How do we live like Jesus?, How do I do this?, and How do we do this together?, and this joined-up approach across all our children and youth work has already worked really well in creating continuity and helping children begin to explore their faith.

New Life Kidz - New Life Kidz continues to be supported by a team of 23 people, faithfully serving our children aged 5 to 10 years. Our weekly sessions are now themed around a curriculum shared across all our children and youth provision focusing on the 4 areas previously mentioned. We continue to use the Urban Saints ‘Energize’ material as the basis for our weekly sessions. Our time together is made up of worship, Bible study, sharing snacks, crafts, games, and building friendships. Children beyond our immediate church family continue to join us via the Sunday bus or being brought to church by carers. During the summer holidays we enjoyed a beach trip and ran a programme focused on the Armour of God, held a Light Party in October, and attended the Sleaford Christmas market with free nativity-based crafts for the community.

Children’s Activities - Community

Tots and Tea - is a community child and parents/carers group based in the Community Room of the Riverside Units for pre-school aged children (0-4 years). Tots and Tea has continued to facilitate one and a half hour sessions on Monday mornings during term time through 2025. The sessions include free play with a snack time halfway through and end with a time for singing, playing music and bubbles. Provision offered is often linked to significant celebrations with opportunities for play activities to tell the story of Jesus at Easter and Christmas, for example. Tots and Tea also offer suitable toys and activities for all ages from newborn babies to older toddlers, focusing on sensory play. The team consists of 4 people; two are members of New Life Church; one attends another church in the area; one is a member of the community. Weekly attendance ranges from 15-25 individuals and Tots and Tea have created a supportive and welcoming environment in which parents/carers and children can build connection and friendships with many attending regularly. During the summer holiday a ‘Tots and Tea’ event was arranged at the local park for children and parents/carers to meet up over the long summer break, with plans to do the same in 2026.

Youth Activities - Church

Arise & Elevate runs during Sunday services. Arise, for young people in school years 6 – 8, join with Elevate, for school years 9-13, for the first 15 minutes of each session, for a game and time to build friendship. Both groups then split for a more focused time together, including Bible teaching, discussion, games, worship and prayer. This year, we’ve seen friendships flourish and a core group of young people actively engaging those around them. Engagement with Bible study has grown, and many have made significant progress in their faith. We saw an average of 16 across both groups. Stathern Youth Weekend was a major highlight of the year, with 25 young people attending from a mix of community and church backgrounds. The weekend was a powerful moment of encounter with the Holy Spirit and response, with five young people making first-time commitments to follow Jesus, seven recommitting their lives, and 23 stepping forward to put their trust in Jesus - a remarkable moment that reflects the fruit of long-term, relational youth work.

Youth Activities – Community

Mosaic Youth Hub

Mosaic Youth Hub is the home of New Life Church’s youth work in the wider community. Throughout 2025 Mosaic has continued to provide consistent, open-access youth provision for young people aged 11–18 through Friday Youth Club, After School Drop-In, Soul Search, detached youth work and other outreach and engagement activities. The work is led by an employed Youth Work Lead and a voluntary co-lead and in 2025, 22 volunteers supported the work at Mosaic. Engagement across the year has remained positive, with a strong mix of young people from the community and church backgrounds. Mosaic Youth Club on Fridays has continued to offer a safe, social and supportive environment, with strong and increasing relational engagement. Sessions offered opportunities for young people in school years 7-13 to build resilience and character, to develop key life skills, have a voice in their community and to have fun with activities through the provision of a safe space ran by Christian volunteers. Now in its fourth year at Mosaic Youth Hub, Youth Club saw a steady number of young people attending, averaging over 40 people per session. While attendance has reduced slightly since September due to a smaller intake of new Year 7s and more young people ageing out after leaving school, engagement across the wider programme has continued to grow.

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NEW LIFE CHURCH MINISTRIES (SLEAFORD)

REPORT OF THE CHURCH BOARD FOR THE YEAR ENDED 31 DECEMBER 2025

Youth Activities – Community

Mosaic Youth Hub continued

Young people with SEND have been a significant focus within our After School Drop-In sessions, which run on a Tuesday and Thursday. These sessions continue to offer an accessible, calm and relational space where young people can build friendships, relax after school and receive support. Drop-in has maintained a steady core of young people attending regularly with an average weekly attendance of 16.

Soul Search , on Sunday evenings at Mosaic Youth Hub, has played an increasingly important role across the year, acting as a key bridge between Mosaic’s open-access youth work and the Christian faith. It provides a safe space for young people to explore Christianity through games, activities, group discussions and food. Attendance at Soul Search grew consistently as the year progressed with an average of 11 and a high of 22. Young people engaged deeply, asking thoughtful questions and exploring faith together in a supportive environment.

Alongside regular provision, Mosaic engaged young people through Summer Sessions , reaching around 50 individual young people through sports and activities. Many of the young people who attended had not accessed our community youth work previously and would go onto becoming regulars at Mosaic sessions. In December we ran our now annual Christmas Market Family Drop-In, which provided a valuable opportunity to engage with parents and carers, helping strengthen relationships with families and offering greater insight into the lives of the young people we support.

Our Detached Youth Work project continued throughout the year, with a period of transition following a staff departure and the subsequent appointment of a new leader. Thanks to positive local feedback in its first year, the project was the recipient of a further grant from the Lincolnshire Police & Crime Commissioner to extend the work for a further year. Despite challenges around volunteer capacity, detached work has continued as teams allow, maintaining a visible and relational presence with young people in the town centre. This work is particularly valued by local police and North Kesteven District Council’s Community Safety and ASB teams, who recognise its important role in relationship-building, early intervention and preventative work.

Mosaic Youth Hub continues to serve as a vital and trusted space for young people in Sleaford. Feedback from The Zone, NKDC’s pop-up youth centre project, identified Mosaic as the only regular space for young people in the town , highlighting the importance of a permanent, dedicated youth centre with Jesus at its heart. In 2025, our Youth Work Lead, representing Mosaic, was also involved in the establishment of a new Youth Support Forum, led by NKDC, helping to strengthen partnership working and develop more joined-up support for young people and their families across the area. As we look ahead to 2026, our focus is on building on the strong foundations in place - deepening relational discipleship, growing capacity, and continuing to serve young people across the town through relational, Christ-centred youth work.

Community Impact

Love Christmas operated for our local community. Our volunteer teams worked really hard to: provide 150 Senior Citizen meals for the local community; 24 Support packs for families struggling with the cost-of-living crisis; provision of 53 Warm Packs including blanket/overthrow, thermal socks and gloves, hot water bottles or warm hoodies. A large team of volunteers from the local community supported our Christmas wrapping operation and delivering surprise Christmas Hampers to 68 households in our community (97 Adults & 145 Children supported). On Christmas Day, festive meals were made available to those lonely & vulnerable.

New Life Community Larder continues to serve a significant need in the district. However, it saw a 24% decrease in referrals over 2025. The Community Larder provided food for 1,379 people compared to 1,998 in 2024. 663 referrals were made in 2025 against 877 in 2024 and 20,685 meals have been provided to those who required them. We continued to see familiar faces amidst new referrals, along with those seeking help following a time when our support was not needed. This was attributed to the rise in cost-of-living, alongside benefit delays, loss of jobs and family breakdowns. The number of people needing support whilst accommodated in local Bed & Breakfasts, other temporary accommodation or rough sleeping also remains high.

Sleaford Community Grocer’s – continues to provide support to households in and around Sleaford and area. In 2025, the grocery signed up over 754 households during the year, with 7,581 food packs purchased. In addition, ‘Pay it Forward’ vouchers & free membership vouchers from the Community Larder were issued. The transition for some from accessing the Community Larder to accessing the Community Grocers was a positive step, further supported by links with the local Citizens’ Advice providing a service two days per week from within the Community Grocers store. The Community Grocers continued to champion the reduction of food waste, incorporating a new initiative by Go-Gro called ‘Chop, Chat & Change’. This project seeks to utilise fresh produce to reduce wastage via specially prepared food packs which are then sold within the Community Grocers.

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NEW LIFE CHURCH MINISTRIES (SLEAFORD)

REPORT OF THE CHURCH BOARD FOR THE YEAR ENDED 31 DECEMBER 2025

Community Impact continued

Time Coffee House continues to offer a range of meal options, cakes and pastries alongside a wide variety of both hot and cold beverages over 2025. This space offered a welcoming atmosphere for people to meet others or sit and enjoy some solitude without being rushed on. The Coffee House also offers a ‘Pay it Forward’ system, meaning that anyone who may benefit from a warm space and hot drink but unable to afford it, could access them whilst blending in with other customers. Time Coffee House was well received in the local community and provided many volunteer opportunities across the year for those with some extra time on their hands, those seeking experience before gaining employment and those undertaking their Duke of Edinburgh (DofE) Awards. Over the year the volunteers included 9 with additional needs, 2 on Work Experience and 15 DofE students. 9 volunteers also went on to gain paid work.

Senior Citizens’ Meals continued over 2025 with our aim to help reduce social isolation and loneliness in the older generation within our community. We provided 145 Spring Afternoon Teas, 132 Harvest lunches and 150 Christmas dinners. We continued to meet new people through these meals and supported the elderly community providing meals at key times. Each event was well received, and guests enjoyed the opportunity to socialise with one another which can be a challenge for some. Our events were only made possible by a vast army of volunteers coming together to help transport, provide and serve food and clear up afterwards.

Connecting Well – Connecting Well celebrated its 2[nd] birthday in February. It continued to be supported by New Life Church, Sleaford, and Renew Wellbeing, the Nottingham-based founding charity. There is an underpinning Christian ethos and emphasis on prayer, involving a simple prayer time, available to any, hosts or guests, who choose to participate. One guest regularly joined in. Numbers fluctuate widely and in 2025 varied between 10 and 24. The weather seems to have a major impact. There was a consistent flow of new people attending and returning when able – some had health & mobility issues; some were dependent on carers bringing them. Many become regulars – others may just be ‘passing through’. We were saddened to lose a few regulars, due to death and admission to care homes. It became a base for professionals, especially Social Prescribers, to meet with ‘clients’ and each other. There is a committed team of hosts who are present whenever they are available. Our knitters supported an Easter fundraiser for St. Barnabas Hospice. There’s always a jigsaw puzzle on the go. We supported the appeal from Royal British Legion for poppies which were displayed in the Monument Gardens; we also displayed our own poppies again in the tree outside our Riverside Units. Christmas activities were particularly popular, with craft activities including wreath making. We enjoyed participating in the Christmas Tree Festival again, with as many guests and hosts as possible making a contribution.

The Conference Centre continued to generate income enabling the church to deliver and develop its activities, particularly those related to community action and relief of poverty. This subsidiary trading company has its own Board of Directors reporting separately to Companies House as New Life Conference Centre Ltd. Connections with local businesses and county-wide public agencies continue to strengthen relationships with our community activities. Recognition that finances generated are given back into these activities from this venture continues to be appreciated in the Town and District. Note: As trading activities, Sleaford Community Grocers and Time Coffee House operate as a part of the Conference Centre company, NLCC Ltd.

Second Chance Association – New Life Church Ministries (Sleaford) continue to provide finance and payroll services to this local charity,

Sleaford Caring Trust (Operating as Evergreen Sleaford) who provide friendships for the isolated elderly of Sleaford and area are also supported by the provision of finance and payroll services.

Attendance in 2025

Sunday services saw an increasing number around 200 attending in person and on-line using live streaming via YouTube. It is impossible to measure accurately those who are joining exclusively on-line. Weekly involvement in the variety of activities that take place through New Life increased in numerous ways including through our various responses to community needs mentioned elsewhere. The Community Grocers and Time Coffee House together with the Mosaic Youth Hub; Connecting Well and Tots and Tea at Riverside Centre provided numerous additional opportunities. Certificates of membership are given to all new members. There were 139 members including 10 associate members at the end of the year with 1 showing as left and 17 new members added.

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NEW LIFE CHURCH MINISTRIES (SLEAFORD)

REPORT OF THE CHURCH BOARD FOR THE YEAR ENDED 31 DECEMBER 2025

The Financial Year 2025

The Church continued to develop its vision and mission linking it with identified community needs and opportunities. The economic challenges of recent years and their social impact on the life of communities we serve appear all to susceptible to the vagaries of international and national issues. Our members and congregation have continued the mix of in-person and on-line services with financial giving direct from bank accounts and other electronic means providing an increased flow of funds through the year.

The total income from offerings, gift aid and interest to our main account for the year was £226,651. The contribution from New Life Conference Centre in relation to 2024 activity was £112,533. An important part of the giving relates to those people who pay tax and arrange to have the Church receive Gift Aid, currently an additional 25p in every £. Gift Aid was £41,482 including £4,842 transferred on to Personal Missions and Community Impact,

The Church owns 2 adjoining properties on Mareham Lane, and these are valued at £700,000 (NLC) and £200,000 (no. 25) or £875,000 were the site treated as one. The reinstatement values for insurance purposes are £963,000 and £204,000 respectively.

Regular reviews by the Directors took place during the year to ensure that there was adequate movement towards the fulfilment of our plan for New Life Church Ministries (Sleaford), New Life Community Impact and New Life Preschool. The outcomes were recorded in the minutes of the appropriate Board meetings. Actions between meetings were taken by the Officers, Chairman, Secretary and Treasurer when necessary and reported to the next formal meeting of the Board. Budget holders managed their finances under arrangements approved and monitored by the Directors. The Finance Officer provided appropriate support.

The total expenditure included in the financial report includes £213,716 net for the main church activities, and £253,716 gross of Conference Centre costs. The largest proportion of this is on salaries. Spending on property and utility costs is partly reimbursed by the Conference Centre company in the following year, for costs incurred from its activities.

The final bank balance for our Main Church account was £422,716 to which is added net accruals and prepayments of £10,353. A Capital fund for items that were to be subject to capex stood at £46,807. To this, balances must be added from Missions £32,325; New Life Pre-School £86,453; and New Life Ministries (Designated Funds) £115,457; Community Impact £246,383 and Personal Missions Giving at £2,994. A grand total for all accounts of £851,172 plus £10,353 accrual.

Other Accounts

Other accounts include the Helps Fund, funded by a grant from the Church but operated on a totally independent and strictly confidential basis by a small Helps Committee on individual recommendations from Life Group Leaders etc.

Banking and Loan Arrangements

New Life Church Ministries (Sleaford) has Lloyds as its bankers. This is reviewed on a regular basis under the supervision of the Treasurer and Secretary of the Board of Directors. Our current mortgage arrangements are also with Lloyds and at the end of 2025 the outstanding mortgage stood at £ 2,819 on a variable rate loan.

Community Impact

During 2025 our Local Community Impact activity included the following activities of significance: Community Impact Hub – Started the year on £110,020, with additional income of £14,510 and a spend of £28,164. Balance of Fund is now £96,366

Community Impact Contingency – Started the year on £94,460 and has spent £58,091 and received additional income of £31,594. Balance of fund is now £67,963

Community Larder – Started the year on £78,632 and has spent £21,977 with additional income of £34,663. Balance of fund is now £91,318

Minibus and Trailer (Running Costs) – Started the year on £13 and has received funds of £3,235, including £2,985 transfer from Contingency and spent £3,248 giving a current balance of £0.

Youth Activities (Riverside Centre) – Started the year on £2,149 and has spent £2,866 and received additional income of £3,329. Balance of Fund is £2,612

Detached Youth Worker – Started the year with £2,061 and has spent £4,106 with £3,045 remaining. Youth Centre – Started the year on £7,433 and has spent £2,411 and received additional income of £2,141, leaving a Balance of funds of £7,163

Love Christmas 2024/25 – Started the year with £1,218 and spent £2,824 with additional income of £2,681. The Balance of Funds at the end of the year is £1,075

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NEW LIFE CHURCH MINISTRIES (SLEAFORD)

REPORT OF THE CHURCH BOARD FOR THE YEAR ENDED 31 DECEMBER 2025

Community Impact continued:

OAP Lunch – Started the year on £0 and has had an income of £3,542, including a transfer from Contingency of NHS funding of £ 2,500. A spend of £1,386 has led to a balance of funds of £2,155

Tots and Tea –Started with £235, had an income of £190 and spent £0, leaving a fund balance of £425. Junction / Connecting Well –The fund started the year with £13,553 and has received additional funds of £4,613 and had a spend of £3,991, leaving a balance of £14,175

Household Support Fund – This fund supports North Kesteven District Council (NKDC) with the continued disbursement of the Household Support Grant and started the year at £23,727. Additional funding support of £165,102 has now been provided by NKDC. In total, £229,151 has been distributed to appropriate areas of need during 2025. There is a fund deficit of £40,322. Funding is expected in early 2026 to clear the deficit.

The total Community Impact spend in 2025 was £358,416, with an income from grants/donations etc of £270,756, giving us an outstanding credit balance of £246,383. Year-to-date decrease of £87,660.

Missions During 2025

Support was provided to a range of overseas and local community missions. Specifically, we supported the work of Glyn and Jane Davies of Education for Life in Mombasa, Kenya a long-term relationship of over 20 years; H&C M in Pakistan; Ed and Kathy Burrows and their family in Liberia working with MAF; New Life Portugal and a new link with Pastors in Moldova through Operation Mobilisation. Nearer to home it involved the Community Larder supporting the whole of North Kesteven, a Community Grocers and the Time Coffee House. Specific projects continued including Love Christmas which integrated several of our activities into a themed opportunity, we also supported Evergreen Sleaford, befriending lonely elderly people in the area, Safe Families, The Message Trust UK and Chris Bowater and his ministry activities.

We also supported the various organisations that we are members of or associated with – Ground Level including the local Humber-to-the-Wash Connection and a contribution to Churches Together in All Lincolnshire (CTAL); Order of St Leonard (OSL); Evangelical Alliance (EA); Cinnamon Trust and Churches Together in Sleaford & District (CTSD).

National and International Missions receive 15% from weekly offerings and a similar % goes to Community Impact as a mission contribution from the amount transferred from New Life Conference Centre Ltd.

Page 10

NEW LIFE CHURCH MINISTRIES (SLEAFORD)

REPORT OF THE CHURCH BOARD FOR THE YEAR ENDED 31 DECEMBER 2025

Future Developments 2026

We are so grateful to God for His faithful leading and provision over the past year. We are continuingly humbled to witness the work of God’s hand in lives young and old. Seeing people come to faith, baptised and following Jesus with passion and enthusiasm. The diverse work and ministry of the Church continue into the coming year; our community initiatives including our Preschool, youth and children’s work, discipleship groups, our involvement with Churches Together etc.

2026 will begin with what is becoming a regular feature each year; the Alpha Course followed by the Bible Course and then later in the year Freedom in Christ. These resources have been noticeably successful and fruitful, as we seek to reach out to new people and help people establish their faith and walk with Jesus. Several people who came to faith on the last Alpha course will, following training, form part of the team for the coming year. We have a few people too who have come to faith through Alpha who are keenly looking at organising ways that they can outreach into the community, which is exciting to see.

Towards the close of 2025 the Eldership Team and the wider leaders did some work, with help from Howard Williams (from Alive church), looking at the shape and nature of the culture of the church. We are planning to bring this to the church family in 2026, building on our current Vision, Mission and Values, as we seek to become a church community that clearly embodies our values and convincingly expresses them to our families, one another and communities. In the coming year we want to continue investing in our leaders, creating opportunities to meet together for mutual support, prayer and training. As part of the Ground Level Network, we have access to a number of leadership gatherings and training opportunities. We will be encouraging our leaders, as much as possible, to access the leadership conference and training days, while also highlighting helpful resources and training that are available. We are also looking for other opportunities to support and invest in our leaders, such as the Alpha conference, the Worship for Everyone conference and the National Youth Ministry conference.

Our Church family camp at Stathern is now well established and will run again in 2026. This is a fruitful space for establishing and deepening friendships while journeying through discipleship themes and having fun together. Alongside the camp we are planning additional opportunities such as shared lunches, picnics, encouraging people to access the Awaken camp. These occasions help to sustain and build meaningful and supportive friendships, strengthening the community of the church. We also recognise the growing cultural diversity of the church. We are therefore seeking ways to include people from other cultures in our gatherings and serving in the life of the church as well as having shared time together at ‘international’ events.

We uphold our long-standing commitment to Churches Together in Sleaford and District and continue to pursue working together as churches through things like the Good Friday events, joint services and prayer gatherings for Thy Kingdom Come. We are praying for and supporting the Salvation Army as they transition into their new premises in 2026. We are so pleased to see the increase in numbers attending our services. We have had some initial conversations about these challenges, suggestions around planting out, multiply services, new buildings etc. In 2026 we will continue to pray and seek God together as to the way ahead. Susan and I value the many people who serve so faithfully and often sacrificially in the life of the church. We seek and pursue God together, to advance His Kingdom in the community of Sleaford and the surrounding area, seeing the transformation He brings to people’s lives. We trust God for His wise leading and the fulfilment of His purpose.

Mark Watson

Page 11

NEW LIFE CHURCH MINISTRIES (SLEAFORD)

REPORT OF THE CHURCH BOARD FOR THE YEAR ENDED 31 DECEMBER 2025

In preparation towards achieving this ambition our budgeted financial plans for 2026 are shown below: The budgets and management processes will continue to be supported by our professional advisers, legal and financial, as required, and we have arrangements in place to implement the advice provided.

Target Income and Expense for the Year 2026 £ 235,000 Target Income and Expense for the Year 2026 £ 235,000
Includes Conference Centre Transfers in Budget Figure
NEW LIFE CHURCH MINISTRIES (Sleaford) 2026 % 2025 %
SALARIES AND WAGES 173,046 63% 164,300 62%
TRAVEL / TRANSPORT 1,500 1% 1,500 1%
MUSIC / PRODUCTION 5,000 2% 4,000 2%
ADMINISTRATION (Printing, Telephone ) 6,750 2% 6,750 3%
PUBLICITY 500 0% 500 0%
IT BUDGET 6,750 2% 7,500 3%
RESOURCES & TRAINING 4,500 2% 3,700 1%
BUILDINGS 23,350 8% 23,250 9%
EVANGELISM / GROUPS 500 0% 500 0%
YOUTH 2,000 1% 2,500 1%
CHILDREN (now excludes PreSchool) 1,500 1% 1,000 0%
VISITING MINISTRY 3,000 1% 3,000 1%
PETTY CASH etc 2,100 1% 2,100 1%
PROJECTS / CONTINGENCY 8,254 3% 9,650 4%
HELPS 1,000 0% 1,000 0%
15% PAID TO MISSIONS 35,250 13% 33,750 13%
TOTAL 275,000 100% 265,000 100%
Conference Centre Contribution - -
Conference Centre Missions 8,250 16,880
Conference Centre Capital 6,750 35,000
Mortgage repayment - 11,253
Reserves for use in Budgets 40,000 40,000
TOTAL CONFERENCE CENTRE INCOME 55,000 103,133 `
Preschool Contribution 2,500 2,500
Total Contribution 57,500 105,633

Page 12

NEW LIFE CHURCH MINISTRIES (SLEAFORD)

REPORT OF THE CHURCH BOARD FOR THE YEAR ENDED 31 DECEMBER 2025

Missions Development 2026

The Bible verse in Acts 1:8 both centres and directs our mission as a church. These words of Jesus instruct and commission His followers to reach out with the good news of the Gospel, starting in the streets and neighbourhoods and towns where we live, to the nations of the world. Appreciating the needs of every individual both near and far, we seek to reach out and serve in our locality, our mission further afield, as well as partner with organisations and individuals who are making a difference for the Gospel in areas we cannot reach.

Our local Community food initiatives have expanded to include ‘Chop chat and change’; with the aim of making fresh produce more accessible, reducing food waste, and building community. This will be working alongside our ongoing provision of the Community Grocers, our Food Bank and Community table. Our other local work will include: provision and support for young people through our local youth hub, with afterschool drop-in sessions, weekly Youth Centre, detached youth work and Sunday night Soul Search; transporting children to Sunday church activities and offering occasional opportunity for them and their families with other events and trips; community space for young mums at our weekly toddler group (term time); our Ofsted registered Preschool provision; weekly coffee morning for ladies; three occasions for seniors to gather for a meal and friendship; supporting those who may be isolated, lonely or simply needing a friend or someone to be with through our weekly Connecting Well; Time Coffee Shop providing opportunities for volunteering and job experience; providing warm packs for the winter months, as well as Christmas Hampers of food and gifts for those struggling at Christmas.

We will continue supporting organisations that we are members of: Ground Level Network including the local Humberto-the-Wash Connection; contributing to Churches Together in All Lincolnshire (CTAL); Order of St Leonard (OSL); Evangelical Alliance (EA); and Churches Together in Sleaford & District (CTSD).

Nationally and internationally, we will be supporting partners with whom we have developed trusted relationships. This will involve support and financial contributions to: The Message Trust UK, reaching young people and seeking to transform deprived communities; Chris Bowater’s ministry linked to Worship Academy and the Order of St Leonard; Education for Life, Mombasa, Kenya, feeding and schooling for over 600 children; New Zoi in Pakistan, rescuing young girls from trafficking, providing schooling and life skills; Ed and Kathy Burrows, serving with Mission Aviation Fellowship (MAF) in Liberia; Supporting two local church leaders in Moldova working with Operational Mobilisation, as well as sending teams to Moldova, to help and support the local church and mission; Other aid relief programmes through Operation Mobilisation, World Vision and Tearfund; Sleaford Caring Trust operating as Evergreen Sleaford; The Cinnamon Trust; and Safe Families

Personal Missions Giving

Some Church members participate in Personal Missions Giving providing individuals with the opportunity to add their own personal contributions to that provided through the Church more directly. Funds are held in account to be allocated at regular intervals. During 2025 £17,725 was received and £17,652 distributed, leaving a balance of £3,000 carried forward. In total over 37 years of operation over £234,000 has been raised for Missions in this way.

Page 13

NEW LIFE CHURCH MINISTRIES (SLEAFORD)

REPORT OF THE CHURCH BOARD FOR THE YEAR ENDED 31 DECEMBER 2025

Sleaford New Life Pre-School

Sleaford New Life Preschool is an inclusive part of New Life Church Ministries (Sleaford) operating directly under its charity object “to advance education in such ways and in such parts of the United Kingdom or the world as the Directors from time to time may think fit.” The Director’s / Trustees are, therefore, the “governing body” for the Preschool. The Preschool Manager has day to day management responsibility and is accountable to the Secretary to the Board, on behalf of the whole Board, as the nominated person with Ofsted for the Preschool.

Under the leadership of the Preschool Manager, the Preschool team continue to deliver a professional, caring and child centred provision which is well thought of locally and across the county. The Preschool is rated as “Good” by Ofsted following a reinspection during 2025. Amy Korver (Collings), the first external appointment as Preschool Manager in 35 years, has added new ideas and approaches to developing the provision. Amy was ably supported by her Deputy and a dedicated SENCO.

The challenges to recruiting new children following Government funding changes meant that many children now join us as they reach the age of 2. This recruitment of largely 2-year-olds takes place throughout the year rather than a significant influx in September. It does require significant efforts to be made regularly through the year to maintain a public presence and a positive reputation. The increased use of social media and updating the Preschool website has helped significantly. This will be a continuing challenge.

The income for 2025 was £158,064, of which £147,550 was from Early Years Grant. Expenditure was £161,256 the largest expense being staff wages at £146,421 other expenditure includes refreshments, cleaning and equipment with some additional spend relating to children with specific needs. Business rates were £1,148. The Preschool operates as a social enterprise on a not-for-profit basis as part of New Life Church Ministries (Sleaford)’s charitable activity. It is supported by the charity which made a notional charge for rent and utilities of £2,500 which is reinvested in Preschool infrastructure. The Bank balance held as reserves reduced by £3,191 funding improvements to outdoor play equipment and changing facilities.

Preschool continued to deliver the 30-hour provision to qualifying families, or any amount up to that. The support for children with additional needs has continued annually and the Preschool is recognised for that provision. Each new challenge met and overcome. The challenge remains to ensure a steady progression amongst existing children as they move into their preschool year.

The Key Persons and the Preschool Assistants continue to provide care, learning and support to the young children in operating the Early Years Foundation stage curriculum. Amy Korver (Collings) has the required Early Years qualifications including SENCO expertise alongside a specific SENCO trained individual. Others have teaching qualifications, whilst yet others have an appropriate Level 3 qualification. Apprenticeships have been a regular feature during recent years. Staff are remunerated on Real Living Wage and National Living Wage as appropriate except for the managers.

Parental involvement is important and increasingly sought to ensure information about the various options are well briefed. Support to children through their time at Preschool and in their transition to next stages is also important in preparing them to make the move to primary education. Some children and their families needed a little more help and support from the staff team.

The Pre-School seeks to build on its Christian ethos, which has proved acceptable to people from a variety of social, cultural and ethnic backgrounds. The presentation of Bibles for children leaving to start school, and the Christmas presentation offer opportunities for parents, grandparents, carers, and Church community to come together as part of a larger family.

Page 14

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW LIFE CHURCH MINISTRIES (SLEAFORD)

Independent examiner's report to the trustees of New Life Church Ministries (Sleaford) ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

NICOLA LENTON FCCA

Dexter & Sharpe Chartered Certified Accountants The Old Vicarage Church Close Boston Lincolnshire PE21 6NA

Date: 29 June 2026

Page 15

NEW LIFE CHURCH MINISTRIES (SLEAFORD)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025

Notes
INCOME AND
ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
5
Community Impact
Preschool
Ministries
Personal Missions
General
Other trading activities
3
Investment income
4
Total
EXPENDITURE ON
Charitable activities
6
Community Impact
Preschool
Ministries
Personal Missions
Missionary Donations
Helps
Pastoral and Fellowship Costs
Other Costs
Premises Running Costs
Total
NET
INCOME/(EXPENDITURE)
Transfers between funds
17
Net movement in funds
RECONCILIATION OF
FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED
FORWARD		 Unrestricted
fund

£
314,373
-
-
-
-
-
-
3,214
317,587
-
110
-
-
-
1,000
10,916
187,965
27,783
227,774
89,813
(33,622)
56,191
1,518,246
1,574,437		 Designated
Funds
£
5
50,477
144,778
16,074
-
-
277
146
211,757
149,279
153,210
44,358
-
31,753
-
-
-
-
378,600
(166,843)
33,622
(133,221)
464,758
331,537		 Restricted
£
15,021
6,468
11,228
5,000
17,725
-
-
-
55,442
14,950
11,299
4,016
17,652
-
-
-
-
-
47,917
7,525
-
7,525
27,421
34,946		 2025
Total
funds
£
329,399
56,945
156,006
21,074
17,725
-
277
3,360
584,786
164,229
164,619
48,374
17,652
31,753
1,000
10,916
187,965
27,783
654,291
(69,505)
-
(69,505)
2,010,425
1,940,920		 2024
Total
funds
£
333,600
249,854
159,219
15,359
8,447
175
-
4,131
770,785
231,125
141,801
55,013
8,177
33,607
1,000
8,919
171,963
29,919
681,524
89,261
-
89,261
1,921,164
2,010,425

The notes form part of these financial statements

Page 16

NEW LIFE CHURCH MINISTRIES (SLEAFORD)

BALANCE SHEET 31 DECEMBER 2025

Notes
FIXED ASSETS
Tangible assets
12
Investments
13
CURRENT ASSETS
Debtors
14
Cash at bank and in hand
CREDITORS
Amounts falling due within one
year
15
NET CURRENT ASSETS
TOTAL ASSETS LESS
CURRENT LIABILITIES
NET ASSETS
FUNDS
17
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund

£
988,998
1
988,999
124,438
469,653
594,091
(8,653)
585,438
1,574,437
1,574,437		 Designated
Funds
£
-
-
-
(15,037)
346,574
331,537
-
331,537
331,537
331,537		 Restricted
£
-
-
-
-
34,946
34,946
-
34,946
34,946
34,946		 2025
Total
funds
£
988,998
1
988,999
109,401
851,173
960,574
(8,653)
951,921
1,940,920
1,940,920
1,905,974
34,946
1,940,920		 2024
Total
funds
£
995,119
1
995,120
158,916
861,853
1,020,769
(5,464)
1,015,305
2,010,425
2,010,425
1,983,004
27,421
2,010,425

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The financial statements were approved by the Board of Trustees and authorised for issue on 29 June 2026 and were signed on its behalf by:

............................................. M Watson (Chairman)

The notes form part of these financial statements

Page 17

NEW LIFE CHURCH MINISTRIES (SLEAFORD)

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash provided by/(used in) investing activities
Cash flows from financing activities
Loan repayments in year
Net cash used in financing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2025
£
(11,608)
-
(11,608)
(2,031)
3,360
1,329
(401)
(401)
(10,680)
861,853
851,173		 2024
£
100,391
(2)
100,389
(13,179)
4,131
(9,048)
(11,249)
(11,249)
80,092
781,761
861,853

Page 18

NEW LIFE CHURCH MINISTRIES (SLEAFORD)

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2025

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

OPERATING ACTIVITIES
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Interest paid
Decrease in debtors
Increase/(decrease) in creditors
Net cash (used in)/provided by operations		 2025
£
(69,505)
8,152
(3,360)
-
49,515
3,590
(11,608)		 2024
£
89,261
9,012
(4,131)
2
7,500
(1,253)
100,391

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.25 Cash flow At 31.12.25
£ £ £
Net cash
Cash at bank and in hand 861,853 (10,680) 851,173
861,853 (10,680) 851,173
Debt
Debts falling due within 1 year (3,220) 401 (2,819)
(3,220) 401 (2,819)
Total 858,633 (10,279) 848,354

Page 19

NEW LIFE CHURCH MINISTRIES (SLEAFORD)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

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, with the exception of investments which are included at market value.

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

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.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Offerings
Gift aid
New Life Conference Centre Ltd
Other income		 2025
£
181,903
41,483
90,935
15,078
329,399		 2024
£
165,696
40,835
127,043
26
333,600

Page 20

NEW LIFE CHURCH MINISTRIES (SLEAFORD)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

3.
OTHER TRADING ACTIVITIES
Fundraising events
4.
INVESTMENT INCOME
Deposit account interest
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Grants
Community Impact
Donations
Community Impact
Other Income
Community Impact
Feed in tariff
Community Impact
Grants
Preschool
Donations
Preschool
Other Income
Preschool
Fees
Preschool
Income
Ministries
Donations
Ministries
Other Income
Ministries
Services
Ministries
Church Camp
Ministries
Income
Personal Missions
Donations
Personal Missions
Donations
General
Grants received, included in the above, are as follows:
Early years grants
Household Support Fund
Hubbub Foundation
Independent Vectar
The Neighbourly
National Grid Community Matters
Apprentice grant
Education, health and care
Pupil premium		 2025
£
277
2025
£
3,360
2025
£
6,468
48,206
906
1,365
148,050
-
-
7,956
1,815
6,066
-
2,500
10,693
1,706
16,019
-
251,750
2025
£
147,550
-
-
1,000
500
4,968
500
5,776
4,952
165,246		 2024
£
-
2024
£
4,131
2024
£
169,781
73,651
4,793
1,629
147,857
88
14
11,260
1,561
3,088
10,710
-
-
1,422
7,025
175
433,054
2024
£
161,772
168,781
1,000
-
-
-
-
-
-
331,553

continued...

Page 21

NEW LIFE CHURCH MINISTRIES (SLEAFORD)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

6. CHARITABLE ACTIVITIES COSTS

MISSIONARY DONATIONS
During the year, the fellowship supported missionary
workin the following areas:
Africa (by way of a UK based charities)
Europe
UK
Others (by way of UK based charities)
PRE-SCHOOL EXPENDITURE
Staff costs
Refreshments
Other expenses including depreciation
PASTORAL AND FELLOWSHIP COSTS
Children and youth work
Visiting speakers
Other
OTHER COSTS
Staff costs
Office costs
Independent examiners' fee
Depreciation
Gift Aid		 2025
£
5,442
4,059
11,833
10,419
31,753
146,421
1,309
16,889
164,619
1,679
3,260
3,821
2,156
10,916
150,177
22,187
2,717
8,042
4,842
187,965		 2024
£
9,500
5,937
9,770
8,400
33,607
128,630
1,086
12,085
141,801
2,906
2,270
2,067
1,676
8,919
141,035
14,848
2,244
8,868
4,968
171,963

continued...

Page 22

NEW LIFE CHURCH MINISTRIES (SLEAFORD)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

7. GRANTS PAYABLE

Preschool
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Other operating leases		 2025
£
-
2025
£
8,152
16,560		 2024
£
1,990
2024
£
9,012
14,400

8. NET INCOME/(EXPENDITURE)

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

9. TRUSTEES' REMUNERATION AND BENEFITS

The charity's trustees received and were due to receive no remuneration during 2024, except for K Maltby and Mark Watson who received in total £45,440 (2024 £51,842). Susan Watson, the wife of one of the trustees, is employed at the Pre School, and Anna Maltby, the daughter of one of the trustees is an employee of the Church. They receive remuneration in line with their positions. Expenses were only claimed on the same basis as applicable to all other members of New Life Church Ministries for travelling, subsistence and other out of pocket expenses incurred on behalf of the Church.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024.

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2025
£
354,834
24,961
8,675
388,470		 2024
£
293,356
15,544
7,002
315,902

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

Pre-school staff
Church staff		 2025
10
10
20		 2024
10
10
20

No employees received emoluments in excess of £60,000.

continued...

Page 23

NEW LIFE CHURCH MINISTRIES (SLEAFORD)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Community Impact
Preschool
Ministries
Personal Missions
General
Investment income
Total
EXPENDITURE ON
Charitable activities
Community Impact
Preschool
Ministries
Personal Missions
Missionary Donations
Helps
Pastoral and Fellowship Costs
Other Costs
Premises Running Costs
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
319,090
-
-
-
-
175
3,912
323,178
-
144
-
-
-
1,000
8,919
171,963
29,919
211,945
111,233
(70,941)
40,292
1,477,954
1,518,246		 Designated
Funds
£
14,510
79,879
145,304
15,359
-
-
217
255,270
77,602
127,742
50,784
-
33,607
-
-
-
-
289,735
(34,465)
70,941
36,476
428,282
464,758		 Restricted
£
-
169,975
13,915
-
8,447
-
-
192,337
153,523
13,915
4,229
8,177
-
-
-
-
-
179,844
12,493
-
12,493
14,928
27,421		 Total
funds
£
333,600
249,854
159,219
15,359
8,447
175
4,129
770,785
231,125
141,801
55,013
8,177
33,607
1,000
8,919
171,963
29,919
681,524
89,261
-
89,261
1,921,164
2,010,425

continued...

Page 24

NEW LIFE CHURCH MINISTRIES (SLEAFORD)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

12. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS TANGIBLE FIXED ASSETS TANGIBLE FIXED ASSETS
Freehold
Solar
property
Panels
£
£
COST
At 1 January 2025
947,280
51,870
Additions
-
-
At 31 December 2025
947,280
51,870
DEPRECIATION
At 1 January 2025
-
23,341
Charge for year
-
2,593
At 31 December 2025
-
25,934
NET BOOK VALUE
At 31 December 2025
947,280
25,936
At 31 December 2024
947,280
28,529
Pre-School
PA/Music
Equipment
Equipment
£
£
COST
At 1 January 2025
20,230
23,564
Additions
-
-
At 31 December 2025
20,230
23,564
DEPRECIATION
At 1 January 2025
19,798
21,706
Charge for year
110
464
At 31 December 2025
19,908
22,170
NET BOOK VALUE
At 31 December 2025
322
1,394
At 31 December 2024
432
1,858		 Plant and
Mini Bus
machinery
£
£
13,000
16,023
-
-
13,000
16,023
7,363
7,384
1,409
2,159
8,772
9,543
4,228
6,480
5,637
8,639
Computer
equipment
Totals
£
£
38,349
1,110,316
2,031
2,031
40,380
1,112,347
35,605
115,197
1,417
8,152
37,022
123,349
3,358
988,998
2,744
995,119
20,230
19,798
110
19,908
322
432		 23,564
21,706
464
22,170
1,394
1,858		 40,380

35,605
1,417
37,022
3,358
2,744

continued...

Page 25

NEW LIFE CHURCH MINISTRIES (SLEAFORD)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

13. FIXED ASSET INVESTMENTS

Unquoted Investment - At Cost
New LIfe Conference Centre Ltd		 2024
2024
£
£
1
1

Unquoted Investment - At Cost

The charity owns the whole of the issued share capital of New Life Conference Centre Ltd, being 1 ordinary share of £1 each issued at par.

The financial results were as follows:

Summary Profit and Loss Account:
Turnover
Costs
Interest received
Other operating income
Operating Profit
Gift to New Life Church Ministries (Sleaford)
Profit/(Loss) for the Year
The shareholders' funds at the end of the year were:
14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
New Life Conference Centre Ltd
Prepayments and accrued income		 426,733
(343,677)
910
100
84,066
(90,935)
(6,869)
17,052
2025
£
10,353
91,318
7,730
109,401		 457,060
(342,583)
1,189
100
115,766
(127,043)
(11,277)
23,921
2024
£
9,367
142,426
7,123
158,916

continued...

Page 26

NEW LIFE CHURCH MINISTRIES (SLEAFORD)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 16)
Accruals and deferred income		 2025
£
2,819
5,834
8,653		 2024
£
3,220
2,244
5,464

16. LOANS

An analysis of the maturity of loans is given below:

Amounts falling due within one year on demand:
Bank loans		 2025
£
2,819		 2024
£
3,220

17. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Designated Funds - Ministries
Designated Funds - Community Impact
Designated Funds - Pre-School
Missionary Donations
Restricted funds
Restricted Funds - Personal Missions
Restricted Funds - Community Impact
Restricted Funds - Ministries
TOTAL FUNDS		 At 1.1.25
£
1,518,246
134,282
210,596
89,431
30,449
1,983,004
2,923
23,727
771
27,421
2,010,425		 Net
movement
in funds
£
89,813
(28,285)
(98,802)
(8,154)
(31,602)
(77,030)
73
6,468
984
7,525
(69,505)		 Transfers
between
funds
£
(33,622)
(5,105)
-
5,249
33,478
-
-
-
-
-
-		 At
31.12.25
£
1,574,437
100,892
111,794
86,526
32,325
1,905,974
2,996
30,195
1,755
34,946
1,940,920

continued...

Page 27

NEW LIFE CHURCH MINISTRIES (SLEAFORD)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

17. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Designated Funds - Ministries
Designated Funds - Community Impact
Designated Funds - Pre-School
Missionary Donations
Restricted funds
Restricted Funds - Personal Missions
Restricted Funds - Preschool
Restricted Funds - Community Impact
Restricted Funds - Ministries
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Designated Funds - Ministries
Designated Funds - Community Impact
Designated Funds - Pre-School
Missionary Donations
Restricted funds
Restricted Funds - Personal Missions
Restricted Funds - Community Impact
Restricted Funds - Ministries
TOTAL FUNDS		 At 1.1.24
£
1,477,954
142,551
180,872
72,013
32,846
1,906,236
2,653
7,275
5,000
14,928
1,921,164		 Incoming
resources
£
317,587
16,073
50,477
145,056
151
529,344
17,725
11,299
21,418
5,000
55,442
584,786
Net
movement
in funds
£
111,233
(35,424)
16,787
17,562
(33,390)
76,768
270
16,452
(4,229)
12,493
89,261		 Resources
expended
£
(227,774)
(44,358)
(149,279)
(153,210)
(31,753)
(606,374)
(17,652)
(11,299)
(14,950)
(4,016)
(47,917)
(654,291)
Transfers
between
funds
£
(70,941)
27,155
12,937
(144)
30,993
-
-
-
-
-
-		 Movement
in funds
£
89,813
(28,285)
(98,802)
(8,154)
(31,602)
(77,030)
73
-
6,468
984
7,525
(69,505)
At
31.12.24
£
1,518,246
134,282
210,596
89,431
30,449
1,983,004
2,923
23,727
771
27,421
2,010,425

continued...

Page 28

NEW LIFE CHURCH MINISTRIES (SLEAFORD)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

17. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Designated Funds - Ministries
Designated Funds - Community Impact
Designated Funds - Pre-School
Missionary Donations
Restricted funds
Restricted Funds - Personal Missions
Restricted Funds - Preschool
Restricted Funds - Community Impact
Restricted Funds - Ministries
TOTAL FUNDS		 Incoming
resources
£
323,178
15,360
94,389
145,304
217
578,448
8,447
13,915
169,975
-
192,337
770,785		 Resources
Movement
expended
in funds
£
£
(211,945)
111,233
(50,784)
(35,424)
(77,602)
16,787
(127,742)
17,562
(33,607)
(33,390)
(501,680)
76,768
(8,177)
270
(13,915)
-
(153,523)
16,452
(4,229)
(4,229)
(179,844)
12,493
(681,524)
89,261

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

Unrestricted funds
General fund
Designated Funds - Ministries
Designated Funds - Community Impact
Designated Funds - Pre-School
Missionary Donations
Restricted funds
Restricted Funds - Personal Missions
Restricted Funds - Community Impact
Restricted Funds - Ministries
TOTAL FUNDS		 At 1.1.24
£
1,477,954
142,551
180,872
72,013
32,846
1,906,236
2,653
7,275
5,000
14,928
1,921,164		 Net
movement
in funds
£
201,046
(63,709)
(82,015)
9,408
(64,992)
(262)
343
22,920
(3,245)
20,018
19,756		 Transfers
between
funds
£
(104,563)
22,050
12,937
5,105
64,471
-
-
-
-
-
-		 At
31.12.25
£
1,574,437
100,892
111,794
86,526
32,325
1,905,974
2,996
30,195
1,755
34,946
1,940,920

continued...

Page 29

NEW LIFE CHURCH MINISTRIES (SLEAFORD)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

17. 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:

Incoming
Resources		 Movement
resources
expended		 in funds
£ £ £
Unrestricted funds
General fund 640,765 (439,719) 201,046
Designated Funds - Ministries 31,433 (95,142) (63,709)
Designated Funds - Community Impact 144,866 (226,881) (82,015)
Designated Funds - Pre-School 290,360 (280,952) 9,408
Missionary Donations 368 (65,360) (64,992)
1,107,792 (1,108,054) (262)
Restricted funds
Restricted Funds - Personal Missions 26,172 (25,829) 343
Restricted Funds - Preschool 25,214 (25,214) -
Restricted Funds - Community Impact 191,393 (168,473) 22,920
Restricted Funds - Ministries 5,000 (8,245) (3,245)
247,779 (227,761) 20,018
TOTAL FUNDS 1,355,571 (1,335,815) 19,756

18. RELATED PARTY DISCLOSURES

During the year the charity received gift aid contributions of £90,935 (2024 £127,043) from New Life Conference Centre Ltd, of which two of the directors are also trustees of the charity. Included within debtors is a balance of £91,318 (2024 £142,426) owed by New Life Conference Centre Ltd at the balance sheet date.

Page 30