NEW HORIZON AOC CHURCH A Charitable Company Limited by Guarantee TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CHARITY NO: 1156071 COMPANY ]NUMBER: 08676792
NEW HORIZON AOG CHURCH A Charitable Company Limited by Guarantee Company Number: 08676792 DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Directors are pleased to present their annual report and financial statements for the Year ended 31 March 2025 which are also prepared to meet the requirements for a Directors, R¢port and a¢¢ounts for Companies Act purposes. the financÈal statements comply with the Charities Act 201 I, the Companies Act 2006, the Memorandum and Articles of Association, 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 (FRS102) (effective I January 2019). Senior Ministers Report Over the past twelve months, we have experienced what has truly felt like our first "nornial" year in over s¢ven y¢ar5. It has been a time of stability, reflection, and renewed momentum-a season for both settling down and settling in. This return to rhythm has brought with it a fresh sense of purpose and clarity, and we are delighted to Teport that New Horizon Church continues to gtow and thrive. One of the most encouraging aspects of this past year has been the growth of our church family. We have welcomed people from a wide variety of ages, nationalities, and backgrounds. This rich div¢rsity is som¢thing we deeply celebrate, as it ieflects the heart of the Kingdom of God-a community united not by similarity, but by shared faith and love. Our church buildtng remains a vibrant hub at the heart of our community. It continue5 to be used throughout the week by local groups. including perforniing arts organisations, NHS services. educational programmes, and various community inittativ¢s. We are grateful that our facilities ¢an serve not only the spiritual needs of our congregation but also the practical needs of our wider community. With this growth, particularly among our children and young people, has come the welcome challenge of needing more space. To meet this need, we've undertaken further reconfigurations of our building to create additional rooms and resources. This investment in our youth is one we make gladly, as we see the next generation rising in faith and purpose. Caring for people remains central to who we are. Through the dedicated work of our Parish Nurse and Pastoral Care Team, we continue to support individuals and families navigating life's challenges. A major milestone this year was the official launch of Hope Horizon Counselling Service in 2024. This ministry offers professional counselling and emotional support, and we'r¢ thrill¢d to see it already making a signifIcant and lasting impact. On a global scale, our church has respond¢d with compassion and generosity to international crises, giving to nations affected by war. conflict, and nathral disasters. We have also remained commttted to supporting Christian ministries and individuals- both locally and internationally-including chur¢h planting initiatives and orphan care projects. None of this would be possible without our incredible team of volunteers and those faithfully engaged in our community outreach and mission work. The willingness to serve. often behind the scenes, is what brings our vision to life. We are deeply thankful for every on¢ of our volunteers.
NEW HORIZON AOG CHURCH A Charitable Company Limtted by Guarantee Company Number: 08676792 DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2025 My heartfelt thanks go out to the ongoing generosity of those who call New Horizon Church their home. Their giving in financial, time, or talentS-<nables us to carry forward the mission of th¢ church, fulfil our charitable objectives, and to bring hope and transforniation to our local community and beyond. As we look forward to the year ahead, we do so with faith, expectation, and a renew¢d sense of unity. Signed Andy Dilnot Senior Pastor of New Horizon AOG Church
NEW HORIZON AOG CHURCH A Charitable Company Limited by Guarantee Company Number: 08676792 DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2025 Charitable Objectives of New Horizon AOG Church The activities of the church involve the promotion of our beliefs and reaching out to our community and beyond, providing care and sharing our faith. The charity is dependent on offerings received from its congregation and donations made. Many of the weekly activities are run by volunteers who are members of the church, and without their commitment given as volunteers th¢ church would not functton effectively. The Directors believe that the services that are offered to the public by the New Horizon AOG Church make available access to all either as part of the congregation or the local community and as such believe this is a benefit lo the whole comlnunity. The Directors of New Horizon AOG Church confirni that they have regard for the Charity Commissions guidance on public benefit and believe they have complied with their duties under Section 17(5) of the 201 I Charities Act with regard to public b¢nefit. Aims To run Sunday church services. to ¢ngage in Community Outreach and events to support overseas mission, to run activities for children and young people, and provid¢ pastoral care. A community hub ha5 been created through the running of the Coffe¢ House in the Church facilities for individuals in th¢ local community in the Nottingbamshire and Derbyshire area to come and meet other people. Achievements and P¢rformanee Structure; _ No changes to the governance structure of the church were made between l April 2024 and 31 March 2025. Vision.. We exist to influence people. culture, communities and nations with the love of Jesus to create a better future for everyon¢. The vision of New Horizon Church is: _ To meet the object of the charity. To encourage the congregation to serve the community. To mak¢ a positive transforniative difference to the community w¢ serve. New appointments for this financial year.. - New Kids Church Co-ordinator- Rhoda Cotterill (voluntary role) Creche Co-ordinator- Iulia Priddey (voluntary role).
NEW HORIZON AOG CHURCH A Charitable Company Limited by Guarantee Company Number: 08676792 DIRECTORS) REPORT FOR THE YEAR ENDED 31 MARCH 2025 Leadershlp: We were privileged and honoured to have Sasha Vitakic, Loxley Ford, Luke Tomlinson, Tony Uddin, Ttmothy Chamanga, James Brazier visiting from Samaritans Purse, Mark Wiltshire, Mariana Starodonova, Barry Woodward and Gary Rucci as guest speakers durÉng this financial peTlOd. A group attend¢d the Audacious Culture Summit in Manchester which included the pastors, directors, finance team, life group leaders and core team. Departments: . Youth - Our Youth Ministy aims to provide a safe and inspiring environment where young people can encounter God, grow in their faith, and navigate the challenges of adolescence with support and purpose. We are passionate about helping them discover their gifts and develop their Potential in every area of life. Throughout the year, a wide range of weekly and monthly activities are held: Young Adults The work with young adults (17-30) is primarily focused on discipleship and helping them bulld strong foundations for life and faith. Our goal is to help each young adult grow in their walk with God and discover His unique call for their lives. Men's events have been held throughout the year. Women's events have been held during the year. Life Groups - We run a mid-week life group that creates an extra care support. Our Teaching and Missions Pastor plans the discussions for the evenings. We have studied books in the Bible and held socials. Tots Playgroup- This is held on a Wednesday during terni time and is an outreach to the community where families with children aged 04 years old Can come and interdct and socialise. We provide age-appropriate toys, craft. snacks, juice and singing songs. We frequently have the church parish nurse to hand, and our coffee house is open for families to enjoy. W¢ currently have 165 children registered. Prayer Me¢tings - The meetings are held on a Tuesday morning. Each week we pray lor the needs of our church. our community and our world. Baby Dedications - 3 children have been dedicated. Baptisms - 21 people have been baptised. Kids church ministy - We off¢r a s¢rvice for children aged 3- 1 l years old. Sharing the bible and teaching the children all about Jesus using our online subscription resource 'energise' We cUentlY have 75 children registered in Kids Church. Crèche - Each Sunday we provide appropriate toys for children aged O-3-year-olds with th¢ Sunday service on live-link for families to enjoy. We offer a service to care for Children aged 1- 3-year-olds with weekly themed activities. We currently have 15 children registered.
NEW HORIZON AOG CHURCH A Charitable Company Limited by Guarantee Company Number: 08676792 DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2025 Parish Nursing Our parish nurse supports people in our community towards whole person healthcare which includes spiritual, physical, mental and social aspects of health. Our Parish Nurse has ntact with local GP surgeries, local food banks and vulnerable groups in our community. New Horizon Chwch was involved in the following activities during the year.. . Two local schools in our community were given finance to help families purchase school unifornis. Easter Eggs were collected and distributed to local community organisations. We engaged in the Christmas shoe box appeal organised by Samaritan's Purse. A total of 280 boxes were filled through the generosity of our congregation. A free light paty was held a5 an alternative to a Halloween party for primary aged school children. Counselling sessions were held by Hope Horizon Counselling. The local churches took part in a w¢¢k of prayer. Mind Well Café is held in our upstairs Coffee House. This is an adivity of a local charity. An Alpha Course was held with 40 people attending. A Legacy Weekend was held with 24 hours of fasting 124 hours of prdyer Forever Friends is held every 2 weeks for people in our community with special needs and their carers. ChTiStmas hampers were given to a local women's project that SUPPOrts local families in need io help. In Febniary 2025 a group of five people visited the Children's Centre in Zimbabwe. Christmas parcels were distribut¢d to families in need in the Broxtowe area. Children were offered a m¢al for £1 in the Coffee House during the summer school holidays. A student from the International Bible Training College visited the church on a 6-week internship. We held a community outreach which included a Family Fun Day. A Freedom in Christ discipleship course was held. Acoustic nights were held by Halo after Hours which is open to our local community. Easter 2024- the church took part in the Walk of Wttness in Eastwood. We also held an evening service on Good Friday. Annual Celebration - our Annual C¢l¢bration meeting was heLd on the 14 June 2024. Pastoral care - This ministry is led by a paid minister. The pastoral care of the Church 15 given by the pastoral team and the life group leaders.
NEW HORIZON AOG CHURCH A Charitable Company Limited by Guarantee Company Number: 08676792 DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2025 si Balkans Area We support a family who plants churches in the Balkans. Good Shepherd Centre, Zimbabwe (now called 'Harper's Heart for Children.) We partner with the Good Shepherd Centr¢ in Chinhoyi, which provides critical residential and social care to children up to the age of18 placed with them by th¢ Government social services department. We financially assist them with projects that enable the sustsinability of the Good Shepherd Centre. We partner with the Good Shepherd Centre in accordanc¢ with the following values: . To work supportively and collaboratively with the Good Shepherd Centr¢ to d¢velop a model of car¢ that upholds the dignity of every child. 2. To explore relevant methods of sustainable support through microenterprise schemes. 3. To empower th¢ Good Shepherd Centre to resource the training and preparation of children with life skills for th¢ir future post 18 when they have to leave the Good Shepherd Centre provision. Timothy Chamanga who oversees and runs the Good Shepherd Centre visited the church in summer 2024. Loxley Ford (Southern Africa) Loxley is an AOG missionary who serves in this region and provides Christian literature and sUPPOrt to local churches. Luke Tomlinson We support Luke who is a member of our congregatlon. He serves as UK Coordinator for the How To Life Movement and Is based in London. Anthonie Keuter We support Anthonie who is also a member of our congregation as he seTve5 International Bible Training College serving in the areas of Campus Maint¢nan¢¢, IT support and with finance assistance. Volunteers At present we have 108 adult volunteers and 14 under 18's Serving on teams.
NEW HORIZON AOG CHURCH A Charltable Company Limited by Guarantee Company Number: 08676792 DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2025 FiDanei81 Review The attached Financial Statements show the current state of the fmances of the Charity. At the year end, New Horizon AOG Church had unrestricted funds totalling £589,721 (including fixed assets of £355,456) and restricted funds totalling £1 0,587 having received income of £322,294 in the year and spent £326,765. The actual cash reserves held now total £219,158 (2024: £169,108). Investment Polie As a charity we do not have an investment committee or inveslment manager. Reserves Polic The reserves consist of r¢stricfrd and unrestricted funds as shown on the balance sheet. The aim is to have thnds available to cover futuie running costs with the optimal level of funds to hold in cash at any point in time is £15,000 in tlie cuent account and £65.000 on deposit with Kingdom Bank. A good reserve has been built up and this is intended to be used to rent further space if this becomes available in the future and at a price we can afford. Future Plans Easter Saturday Fun Day Short tern] missÉon week to Zimbabwe Freedom in Christ course The launching of a new seniors, life group A mini youth cavnp A finance course to be held
NEW HORIZON AOG CHURCH A Charitable Company Limited by Guarantee Company Number: 08676792 REFERENCE AND ADMINISTRATIVE INFORMATION CHARITY DIRECTORS & TRUSTEES Dr Leigh Goodwin Carol Dennis Lydia Krzeminski Simon David Salloway MINISTERS OF THE CHURCH & DIRECTORS & TRUSTEES (Responsible for day-to-day tIVIties} Andrew Dilnot COMPANY SECRETARY Carol Dennis PRINCIPAL ADDRESS New Horizon AOG Church Unit I Linkmel Road E&stwood Nottingham NG16 3RZ WEBSITE www.n whorizonchurch.or REGISTERED CHARITY NUMBER 1156071 INDEPENDENT EXAMINER Mr Matt Brady T C Group Cliffe Hill House 22-26 Nottingham Road Stapleford Nottingham NG9 8AA BANKERS Natwest PIC Ilkeston Branch 42 Bath Stre¢t Ilkeston Derby DE7 8HF SOLICITORS Geldards Solicitors
NEW HORIZON AOG CHURCH A Charitable Company Limited by Guarantee Company Number: 08676792 DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2025 Structure Governance and Mana em nt New Horizon AOG Church is a regAst¢r¢d charity (number 1156071) and is governed by a trust deed dated 27 August 2013. This is based on the model deed as adopt¢d by Assemblies of God incorporated for churches within its denomination. The organisation is a company limited by guarantee not having a share capital and has obtained exemption within the Companies Act to dispense with the word Limited as part of the company name. The Directors meet on a regular basis where decisions are made in relation to all aspect of church life and development. Related Parties New Horizon AOG Church is a member of the Assemblies of God churches nationally. There are no other related paty transactions. Risk Mana ement A Risk Management Policy is held, and this is reviewed on an annual basis. Statement of Direetors, Res onsibilitie5 Company Law requires the Diiectors to be responsible for preparing the Annual Report and the financtal statelnents in accordance with applicable law and regulations. The Directors are required to prepare financial statements for each financÉal y¢ar in accordance with Untted Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards) and applicable law. The financial statements ar¢ required by law to give a true and fair view of the state of affairs of the charity and of its incoming resources and application of iesources of the charity for that period. In preparing these financial statements, the Directors should follow b¢st practice and- select suitable accounting policies and then apply them ¢onsistently- observe the methods and principles in the Charities SORP. mak¢ judgements and estimates that are reasonable and prudent. state whether applicable UK accounting standards have been followed, subject to any mat¢rial departures disclosed and explained in the financial statements- and D prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will ontinue in business. The Directors ale responsible for keeping proper and accounting records that disclose with reasonable accuracy at any time the financial posltion of the charitable company and enable them to ensure that the financial statements comply with the applicable law, regulations and the trnst deed. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Directors are responsibl¢ for the maintenance and integrity of the corporate and financial inforniation included on the charity's website. Legislation in the United Kingdom governing preparation and dissemination of fmancial statements may differ from legislation in other jurisdicttons.
NEW HORIZON AOG CHURCH A CharÈtable Conjpany Limited by Guarantee Conjpany Number: 08676792 DIREcfoRS' REPORT FOR THE YEAR ENDED 31 MARCH 2025- Continued Member5 of the Directors Members of the Directors who are directors for the purpose of company law and Directors for the pUoSe of charity law, who served during the year and up to the date of this report are set out on page 8. Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of winding up. The total number of such guarantees as at 31 March 2025 was 5 (2024: 5). This report has been prepared in accordance with the Statement of Recommended Practice Accounting and Reporting by Charities and in accordance with th¢ special provisions of Part 15 of th¢ Companies Act 2006 relating to small entities. On behalf of the Directors of New Horizon AOG Church: Signed: . Date.. 10
NEW HORIZON AOG CHURCH A Charitable Company LÉmited by Guarantee Company Number: 08676792 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW HORIZON AOG CHURCH I report on the charity trustees on my examination of the accounts of the company for the year ended 31 March 2025. Responsibilities and Basis of Report As the charity's trustees of the Company (and also its directors for the purpose of company law) you are responsible for th¢ prepardtion of the accounts in accordance with the requtrements 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 201 l Act,). In carrying out my examination I have followed the dirertions given by the Charity Commission under section 145(5)(b) of the 201 l Act. Since the company's gross income exceeded £250.000 your examiner must be a member of a body listed tn Section 145 of the 2011 Act. I confinn that l am qualified to undertake the examination because I am a member of the Associatton of Chartered Certified Accountants in England and Wales, which is one of the listed bodies. Independent Examiner'5 Statement I have completed my examination. I confirni that llo mattels have come to my attention in connection with the examination giving me cause to believe-_ l) 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 3) The accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requtrements that the accounts gtve a 'tNe and fair view. which is not a matter considered as part of an independent examination- or 4) 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 (FRS102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be diawn in this report in order to enable a proper understanding of the accounts to be reached. Matt Brady F CA TC Group Cliffe Hill House 22-26 Nottingham Road Stapleford Nottingham NG9 SAA
NEW HORIZON AOG CHURCH STATEMENT OF FINANCIAL ACTIVITES FOR THE YEAR ENDED 31 MARCH 2025 (Including Income and Expenditure Account) Year EDded JI March 2025 Unrtstritted Restricted Funds Funds 25 Ye*r Ended 31 March 2024 u$tr1£tCd Restricted Funds Funds 2024 Total Funds 2025 Tot¥1 FyDds 20 INCOME Income from Donations and Legacies 232,996 5,499 238,495 234.373 209 234,582 Incom¢ from Charitable Activities 45,343 45,343 38.770 38.770 Inv¢stment Encome 3.838 482 4,320 3,307 3.309 Other 50 'roTAL INCOME 316313 322 294 306 436 261 LXPENDITURE Exp¢nditure on Cliaritable Activities 325 801 964 326 765 285 789 469 286 258 TOTAL LXPENDITURE 325 801 964 326 765 285 789 469 286 258 NEI, If4COME I (EXPENDITURE) (9.488) 5.017 (4,471) 20.647 (208) 20,439 TO'fAL FUNDS BROUGHT FORWARD 12 602,141 2,638 604.779 584,340 584,340 TRANSFERS BETWEEN FUNDS (2,932) 2,932 (2,846) 2,846 TOTAL fuNDS CARRIED FORWARD 12 589 721 600 308 602 141 604.779 The statement of financial activities includes all gains and losses in the year. All incoming resources, and Tesources expended derive from continuing activities. 12
NEW HORIZON AOG CHURCH BALANCE SHEET AS AT 31 MARCH 2025 Notes 31.03.25 31.03.24 FIXED ASSETS 355,456 384,934 CURRENT ASSETS Debtors Kingdom Bank Savings Account Cash at bank and in hand 27.591 23,708 219 158 270 457 28,253 45,359 169 108 242 720 Creditors: Amounts fallin due in one ear Sundry Creditors io NET CURRENT ASSETS 244,852 219,845 TOTAL NET ASSETS 600 308 604 779 TOTAL FUNDS OF THE CHARITY:. Restricfrd Funds 13 10,587 2,638 Unrestricted Funds 589721 602 141 Total Charity Funds 12 600 308 604 779 The charitable company is entitled to ex¢mption from audit under Section 477 of the Companles Act 2006 relating to small companies for the year ended 31 March 2025. The members have not required the charitable company to obtain an audit of its fInancial statements for the year ended 31 March 2025 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 5tatement5 which give a true and fair view of the statement 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 Compani¢s Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller Entllies (Issued January 2022). The financial statements were approved by the Board of Trustees on ... by: aTkd were signed on ils behalf Carol Dennis The notes fomi part of these financial statements 13
NEW HORIZON AOG CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3111(ARCH 2025 Accounting Policies The principal accounting policies are summarised below. The accounting policies have been applied consistsntly throughout the period. Basis of Preparation The financial statements have been in accordance with the Accounting and Reporting by Chartties. Statement of Recommended Practice applkcable to charities preparing their accounts in accordance with the Financial R¢porting Standard applicable in the UK and R¢public of Ireland (FRS102) (effective l January 2019) - (Charities SORP (FRS102)), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant coUntIng policy note(s). New Horizon AOG Church meets the definition of a public benefit entity und¢r FRS102. Goin Concern The Trustees consider there are no material uncertainties about the Charity's ability to continue as a going concern. The accounts are presented in Sterling £ l. Ancomin Resources These are accounted for on a receivabl¢ purpose in the period to which they relate. Incoming resources from tax reclaim are included in the SOFA at the same time as the gift to which they relate. Any known incoming resources yet to be received relating to the period before the year end dat¢ are included as debtors. Volunteer Hel The value of any voluntary help received is not included in the accounts but is described in the Trustee's Annual Report. Investment Ineome This is included in the accounts when receivable. Donated Services And Faeilitie5 Donated services or facilities are recognised as in¢ome when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of ¢conomic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated services and facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market. a corresponding amount is then recognised in ¢xpenditure in the period of receipt enditure and Liabilities and Irrecovera le VAT Liabili Reco nitton Liabilities are recognised as soon as there ts a legal or constructive obligation committing the Charity to pay out resour¢¢s. Liabilities recognised as due at the year end date but at that point not paid are included as creditors. Fundraisin Costs Fundraising costs comprise the costs of putting on events. Charitable Activities Charitable expenditure comprises those costs incurred by the Charity in th¢ delivery of its objectives. All ¢osts are allocated directly. Includes cost of the prepardtion and examination of statutory accounts, and the cost of any legal advice to the Twstees on governance matters 14
NEW HORIZON AOG CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025- Continued Tan ible Fix se On 17 December 2017 the Charity commenced a fifteen year le&se on premises which require development to operate as a church. Depreciation is provided at th¢ following annual rates in order to write off each asset over its estimated useful life. Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses, Any tangible ass¢ts carried at revalued amounts are recorded at fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairnient losses. Improvement to leasehold property Plant and Equipment Computer Equipment Fixture5 & Fittings 50/0 on cost 70/0 on cost 33% on cost 15% oncost Fund Aceountin nrestricted Fund Unrestricted funds are donations and other incoming resources receivable or generated for the objects of tbe Charity without rther specified purpose and are available as general funds. Desi nated Funds Designated funds are unrestricted funds earmarked by the Management Committee for particular purposes. Restri¢t¢d Fund5 Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure, which meets these ¢rit¢ria, is charged to the fund, together with a fair allocation of management and support costs. Lease Commitment Lease payments ar¢ charged to the statement of financial activities as incurred. Limifrd b Guarantee The charity is limited by guarantee in the event of it being wound up, every member is liable to contribute a sum not exceeding £ l. There are no shares of any Class either authorised or allocated. Debtor5 Debtors are recognised at the settlement amount owed to the Chartty or prepaid. Creditors Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party, and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount. Financial Jn5truments The Charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial iF]strnments are initially recognised at transaction value and subsequently measured at their settlement valu¢, Taxation The charity is exempt from tax on its charitable activities. The charity also rents its rooms to other local children's activities which satisfy the objectives of the charity. The trustees have reviewed the charity's trading activities and are confident that they further the charity's aims and, as such, are ¢onsid¢red io be primary purpose trading. Pensions The charity operates a defined contribution pension scheme. The assets of the scheme are held separat¢ly from those of the charity in an independently administered fund. Contributions payabl¢ for the year are shown in the financial statements. 15
NEW HORIZON AOG CHURCH NOTES TO THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH 2025 - Continued Year Ended 31.3.25 Total Year Ended 31,3.24 Total 2. Anal sis of Income Unrestricted Restricted Income from Donations and Legacies Offerings and Gift Aid income Butlding Fund Monies Missionary Gifts 210,313 8,295 1,564 3,935 211,877 12,230 214,299 7,376 232 996 £ 238495 £ 234 582 Income from Charitable Activities Coffee House Youth Camps and Youth Club Tots Events School of Music 37,767 3,497 1,627 2,452 37,767 3,497 ,627 2,452 30,757 3,996 2,091 45343 £ 45343 £ Total 2025 Total 2024 3. Anal sis of Resource5 Ex ended Unrestricted Restricted Charitable Activities Allocation of Special Church Offerings AOG Contribution Salaries Rent and Landlords Costs Utilities and General Maintenance Coffee Hous¢ Costs Heat and l.ight Repairs and Equipment Maintenance Telephone and Broadband Office Use, Printin Postage and Stationery IT and Website Costs Licences and Insurance Mission, Gifts and Sponsorship (see nofr 7) Youth Work and Kids Church Miscellaneous Costs Training Costs Events Advertising and Marketing Depreciation Iinprovement to Propety Plant and Equipment - Computer Equipment Fixtures & Fiitings 3,000 105,991 46,000 25,085 23,973 20,699 1,813 1,892 2,716 3,000 105,991 46,000 25,085 23,973 20,699 1,813 1,892 2.716 3,000 97,229 43.401 14.892 25,742 9,275 3,666 2,062 3.116 383 7,445 14,130 4,313 1,936 3,021 250 2,158 23,741 5,894 165 42 1,689 3,543 loi 8,458 26,420 5,913 5,116 692 2,403 2,647 23,741 5,894 344 42 3,624 8,458 26.420 5,913 4,152 692 2,403 2,647 23,741 5,894 344 42 3,624 964 Room Hire Costs School of Music Costs Support Costs Loan Interest Team Building and Pastoral Bank Chargesl World Pay Costs Consultancy Fees Payroll Costs Independent Accountants Fees 5,404 1,733 5,404 1,733 1,043 1.434 760 760 804 325 801 £ 964 £ 326 765 £ 286 258 16
NEW HORIZON AOG CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025- Continued 4. Salaries and Ex enses Key employees Andrew Dilnot, a minister and Tste¢ w&s paid a gross salary of £44,912. Leigh Goodwin a leader, Missions pastor and trustee was paid a gross salary of £24,542. This is allowed in the constitutton which has received Charity Commission approval. There are no employees earning more than £60,000. Included in ministry and generdl exp¢ns¢s are staff costs as follows:_ Year Ended 31.3.25 Year Ended 31.3.24 Salaries (includes ERS NIC of £1,876) Pension Contribution5 Staff Expenses (including travel and working from home costs) 101,180 4,052 759 105 991 90.614 3,734 2.881 The averag¢ number of employees during the year was 7 (2024: 5). S. Trustee Ex enses Expenses were paid to the following trustees:. 2025 2024 A Dilnot- L Goodwin - Tiavel and working from home costs Travel costs 325 119 674 112 Aggregate Trustee giving totalled £19,230 (2024.. £16,280) 6. Fees for examination of the accounts 2025 2024 Independent Examiner's fees for reporting on the accounts 7. Mission Gifts and S onsorshi 2025 2024 Light of the Gospel Ministries. Serbia 0hanS in Africa Ministy Gifts Nursing Youth Turkey & Syria Outreach Life Groups Guest Speakers Lent Projects Gifts Given Courses 600 13,394 600 1,232 2.000 850 1,649 1,252 4,684 50 468 21 300 743 2,113 1,736 1,268 7,360 230 26420 £ 17
NEW HORIZON AOG CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025- Continued 8. Fix Office ui Fixtures & Fittin Plant & Le88ehold rovements Total Cost as at l April 2024 Additions in the Year 500 543 280 90,406 474,812 565,998 543 566 541 280 474 812 Depreciation as at l April 2024 Depreciation charge for the year 165 344 509 42 42 84 33,698 147,159 181,064 170 900 211085 Net Book Value at 31 March 2025 Net Book Value at 31 March 2024 534 196 303 912 355 456 335 238 56.708 327 653 384 934 9. Debtors and Pre ment5 2025 2024 Rent in Advance Gift Aid Other Debtors 10.615 5.462 10,615 7,586 27591 £ 10. Creditors and Aceruals 2025 2024 Accruals Other Creditors 4,934 3,790 25605 £ 11. Financial Commitments Unit l Linkmel Road Eastwood Nottin ham NG16 3RZ-A new lease commenced on 19 December 2017 for a period of 15 y¢ar5 the terni being as follows'.- £40,000- years I to 3 per annum £43.000- years 4 to 6 per annum £46.000- per annum-for the remainder of the terni 18
NEW HORIZON AOG CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025- Continued 12. Anal sis of Net Assets between Fund Unrestrieted Restricted Total Tangible Fixed Assets Current Assets Liabilities 355.456 259.870 (25,605) 355.456 270,457 (25,605) 10,587 Net Assets at 31 March 2025 589721 600 308 Anal sls of Net Assets between Funds Unrestricted Restrieted Total Tangible Fixed Assets Cuent Assets Liabilities 384,934 240,082 (22,875) 384,934 242,720 (22,875) 2,638 Net Assets at 31 March 2024 602 141 604 779 13. Movement in Funds At l April 2024 At 31 Mareh 2025 Incoming Resources Outgoing Expenses Transfer Unrestricted Fund5 602,141 316,313 325.801 (2,932) 589,721 Restricted Funds School Unifornis Legacy Account donations Interest on Legacy Account 964 964 1,968 2.636 5,499 482 10,103 484 964 Movement in Fund5 At l April 2023 At 31 March 2024 Incoming Resourees Outgoing Expenses Transfer Unrestricted Funds 584,340 306,436 285,789 (2,846) 602.141 Restricted Funds School Unifonns Legacy Account donations Interest on Legacy Account 50 209 469 419 2,427 2,636 261 469 19
NEW HORIZON AOG CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025- Continued Purpose of Restrieted Funds hool Uniforni Amounts given specifically to use for the purchase of school unifornis. ac nt D nati ns Donations accumulated for the purchase of the church premises at le&se cessation. Int tonLe ac Account Interest accrued on the Legacy bank account to assist the purchase of the church premises once the existing lease period has ce&sed. Suffici¢nt resources are held in an appropriat¢ fonn to enable each fund to be applied in accordance with any restrictions. 14. Related Parties New Horizon AOG Church is a member of the Assemblies of God Churches and pay an annual fee to them of £3,000 (2024.. £3,000). Spouses of one members of the Board of Trustees ar¢ paid ¢mploye¢s of the charity, the total gross pay in the year was £13,841(2024= £12,409). There are no other related party transactions. 15. Taxation The charity is exempt from Corporation Tax on its charitable activities. The trnstees have reviewed the churches activities and ar¢ confident that they fulfIl charitable aims and they are considered primary purpose. 16. Trustee Indemnit Insuranee The Trustees hold indemnity cover which is paid for within the general insurance cover to cover a m&ximum claim of £250,000. 17. Pension Commitments The charity operates a defined contribution pension scheme. The assets are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £4.052 (2024: £3,734) an amount of £340 (2024: £nil) was owing to th¢ scheme as at the 31 March 2025. 20