2024-12-31-accounts - New Creation Living Ministries

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

NEW CREATION LIVING MINISTRIES

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST ] DECEMBER 2024

CHARITY NUMBER:1161364

NEW CREATION LIVING MINISTRIES 12 WHEATSTONE CLOSE MITCHAM CR4 3RN

INDEX Page Index 1 Trustee’s Report 2 - 3 Receipts and Payments Account 4 Statement of Assets and Liabilities 5 Notes on the financial Statements 6

TRUSTEES’ REPORT YEAR ENDED 31[ST] DECEMBER 2024

The trustees are pleased to present their report for the year ended 31 DECEMBER 2024 for the charity, New Creation Living Ministries with charity number 1161364.

The Trustees of the charity are: Pastor Oliver Garshong Mr Frederick Randolph Mr Charles Junior Mensah-Bonsu

The principal address of the charity is: 12 Wheatstone Close Mitcham Surrey CR$ 3RN

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity governing document is a CIO – Foundation Constitution registered 21 April 2015. The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.

OBJECTIVES AND ACTIVITIES

The Objects of the organisation are first to advance the Christian faith in accordance with the statement of beliefs for the benefit in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.

ACHIEVMENTS AND PERFORMANCE

The Organisation continues to hold successful worship services through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation continues to hold successful in person services which has seen a significant growth in the number of attendants. The also held a prayer conference, a day at the beach and youth events. These all produced good results in reaching and helping members of the community.

FINANCIAL REVIEW

The income of the charity is above £41,000. This is a good amount for this year of the charity the costs have been well managed over this period. The organisation is still in a good position to manage its costs. The main cost of the organisation was paying for the rent of its building that it uses for worship services and covering the costs of its events and programs.

RESERVE POLICY

It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.

RISK MANAGEMENT

The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.

TRUSTEE RESPONSIBILITIES

Under the Charities Act 2011,the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:

Select suitable accounting policies and apply them consistently.
Make judgements and estimates that are reasonable and prudent.
State whether the applicable accounting standards have been followed.
Prepare financial statements on an ongoing basis.

They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.

Approved by the Trustees on 16[th] October 2025 and signed on their behalf by:

Independent Examiner’s Report To the Trustees NEW CREATION LIVING MINISTRIES

I report on the accounts of the church for the year ended 31[ST ] December 2024 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.

Respective responsibilities of trustees and examiner

The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to :

Examine the accounts under section 145 of the 2011 Act.
Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
State whether particular matters have come to my attention.

Basis of Independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In the course of my examination, no matter has come to my attention;

(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
proper accounting records are kept( in accordance with section 130 of the 2011 Act
accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
(2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Chuks Ajuka BSc(Man), FICB PMDip FRESH FIRE ORGANISATION Generator Business Centre 95 Miles Road Mitcham Surrey CR4 3FH

NEW CREATION LIVING MINISTRIES

ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2024

1 Receipts & Payments Account (General Purpose Fund)

Income Receipts Donations Other Income Total Receipts Direct Charitable Expenditure Stationery & Books Internet services Refreshments Hire of Hall Church Events Church Supplies Media Services Welfare Professional fees Honorarium Transport Conference costs Bank Missions Other Expenditure Equipment Instruments Hire of equipment Total Payments Net Receipts/(Payments) for the year Cash Funds brought forward Cash Funds at the end of the year	£/ 2024 £/2023 39054 25484 1954 1515
	41008 26999
	209 0 170 0 2015 860 8133 6882 919 7463 2034 2262 730 0 1795 4000 527 144 600 400 1600 3024 5858 200 0 0 460 1200
	25050 26435 2450 974 1100 0 0 0
	3550 974 28600 27409 12408 -410 26210 26620
	38618 26210

NEW CREATION LIVING MINISTRIES

2 Statements of Assets and liabilities Monetary Assets Cash Funds Cash at hand and in bank Total Cash Funds Assets Retained for the Charity's Own use Non-monetary Assets and Liabilities Musical Instruments Equipments Liabilities Bookkeeping NET ASSETS	Unrestricted Funds 2024 2023 £ £ 38618 26210
	38618 26210
	1123 304 4272 2890
	5395 3194 250 150
	43763 29254

These accounts were approved by the trustees and signed on their behalf by: Pastor Oliver Garshong

NEW CREATION LIVING MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st DECEMBER 2024

ACCOUNTING POLICIES

Basis of Accounting

These accounts have been prepared on the receipts and payments basis with all revenue and expenses shown on a cash basis. Non-monetary assets are shown at estimates of the value at the end of the year.

Funds

The CIO has a general unrestricted fund that receives voluntary donations from attendants at the services.

The CIO has no outstanding guarantees to third parties no any debts secured on the asstes of the CIO

Public Benefit

The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit.Details of how this is achieved are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

Depreciation

Depreciation is calculated at 20% reducing balance method