CHARITABLE INCORPORATED ORGANISATION NUMBER: 1177764 New Life Church Woki fAfJ'NiFg1 AeAven - Irt4nJ[o rfA .on earth as it is in heaven., Matthew 6:10 - >Jr- JlJlJr JjJfJ
CONTENTS OF THE REPORT OF THE TRUSTEES & FINANCIAL STATEMENTS forthe year ended 31 March 2025 I. ADMINISTrATIVE DETAILS.--....-.-....-...-........-....-........._...............................--.....-........-. Z. oBJEIVEs AND AcfiviTIES.-...-....-.......-.........-.............-..-....-.......-.....-..-...............-........ 3. STrUCTURE, GOVERNANCE AND MANAGEMENT...............-....-.......-.........-....-.......-............. 4. ACHIEVEMENTS AND PERFORMANCE...-.......-......-........-...-.--...-...........-................... . .10 5. FINANCIAL REVIEW............-.........-.,,.-.-...-........-....-.-.........-.........-.................-................... 6. STATEMEMf OF TRUSTEES, RESPONSIBILrriES......-.......-....-......,-......-........-.............-.............13 7. INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF THE NEW LIFE CHURCH, WOKING ao .14 The Trustees present their report with the financial statements of the charityfor the year ended 31 March 2025 as required under the Charities Art 2011. The Trustees have adopted thè provisions of the Statement of Recommended Practice ISORPI issued in 2015 for churches with a gross income of over £250,000. New Lrfechurth. WokiniCIQ.Annwal Report.. Affjl Z024-MaTth 2025Verg¢n2
I. ADMINISTRATIVE DETAILS Charitable Incorporated Organisation: tlegistered Charity number-. 1177764 Charitsble Unincorporated Association: Re8iStered Charity number.. 1136353 Principal Address High Street OLD WOKING Surrey GU22 98X Trustees of the Charitable Incorporated Organisation Giles Gillin8ham (Chair of Trustees) Tony Fa¢¢4fii (Treasurer) Ito 31" Au8USt 20241 David Taylor ITrea5urerl Ifrom 31, August 20241 Alan Nelson IPastorl Rowland Lynch Peter Edwards ISafe8uardinÈ Trustee) vInt Sacco IAs50clate Pastor) Trustee of the Charitable Unincorporated Association The New Life Church, Woking CIO Independent Examiners Bankers shaw Gibb5 Limited Wey Court West Union Road Farnham Surrev GU9 7PT Uoyds Bank 6 Commercial Wav Woking Surrèy GU216ER GOVERNING DOCUMENT The New Ufe Church, WokinB operates as a Charitable Incorporated Organisation ICIOI and is controllefl by its Govemln Do¢umen( a Constltullon adopted on 24ih January 2018. The Constitutlon is supplemented by the Church Lead•rshSp Prncedutes and other policles that are set out in the Church Handbook. All the assets of the Charitable Unlncorporated Associatr"on (11363531 were transferred to the CIO on 14th August 2018, and the Unincorporated Charity15 3 domiant entity linked to thè CIO under a Linkin8 Order issued by the Charity Commission and effettive as of 22rtOJuly 2018. The CIO is the sole rnember and Trustee of the Untneorporated Charity. New Lrfechurch. wokin8t. Annual Report.. April 2024-March 2025Verslon 2
- OBJECTIVES AND ACTIVITIES OBJ ECTIVES New Life Church Iformerly Kingfield Baptist Church) was started in 1929 as a Sunday School and Church plant from the Ithenl Woking Baptist Church. It became an independent Baptist Church in 1956 with 91 Foundation Members. The prlnctpal purpose of the church Is the advan¢ement of the Christlan falth accordin8 to the principles of the Baptist denomination. The church may also advance educatlon and carry out other Charltable purpose5 in the United Kingdom and/or other parts of the world. We do thi5 through the promotion of Chr5stian Faith, Charrlable Gi¥ln& Pastoral Support and general Rites of Passage-weddings, funerals. baptism% etc. NLC FOUNDATIONAL DNA New Life Church ha5 identified 5 areas ol stren8th that are inherent in its foundation (Our "Foundational DNA-I. We seek to resource these areas as much as possible in tems of commitment, staff and finance. These S strengths are.. Youth & Children's Ministry Biblical Teaching Supportfor Oversea5 Mission The place of Israel in God's Purposes Being a "Placé of Refuge & Grace" for those battered by the storms of life. NLC VISION & VALUES During this year we have worked hard to revlew our Vision and values and make them appllcable to every area of church Ilfe. Our V150N 15 based on a phrase from the Lord's Prayer="May your will be done on earth as it is in heaven.. (Matthew 6..101. Simply put. it is"Pur5uin8 Heaven, Transforming Earth.. We have identified four simple VALUES that we that we have defined. Each of the VALUES has four words that seekto clarlfy what we mean. Each is Clearly defined on Intemal literature and on the website: We value GOD'S PRESENCE.. Worship. Encounter. Signs & Wonders. RevSval. We value GOtYS LOVE.. Acceptance. Forgiveness. Identity. Purpose. We value GOVS WORD.. Salvation. Truth. Hope. Holiness. We value GOVS FAMILY.. Communlty. Frlendship. Being Real. Discipleship. MISSION STATEMENT e wlllseek tofvlfil our vision with gra and Integrity. acknowledging our dependenre on the Holy spirit to nrake us o sacrillclolond Incluslve community thot welcomes allpeople, und recognises that ttll people ¢Tre on a lifrlong journeyof trunsformution. We are motivotedby Gods heortof lovelorollpeople-reveoledsupremelyin the lift & ministry ofjesus thrist
- irrespective of uge. rellgion. status orgender." New tsfeChur¢h, WL*ln8tlO. Annual Report'.Aprfl ZOZ4- Marth 2025 Ver51on 2
New Life tjurj'ui Aeauen - Church Iranjl "geariA Woking VALUING GOO'S PRÉSENCE, GOD'5 LOVE, GOD'5 WORD & GOD'S FAMIIV The Trustees are aware of the Charity Commission's guidance on publlc beneflt. In order to meet these objertives, our activities include those mentioned below, whlch are all open to both church memberslattenders and the local and wider community. WORSHIP SERVICES Thls year has seen some encouraging signs of life and growth as we have seen new people- Individuals and familles-Joln us. We remaln expectant and hopeful as we Continue to Pursue Gods presence. Much of the year was spent teaching through the varlous aspècts of the Vision and Valve5 las above). We continue with our monthly infomial°Café•ie' servlces which started in October 2021. While they were originally set vp to relieve the pressures on worshlp, youth and Children's teams, Café-style Services have forged an identity of their own offering a more ryndUsiV and infomial style of service that 15 enjoyed by many. We continue to stream services through the Internet when we have sufficlent volunteers to operate the 5tTeaming system. We do have some people who re8ularly.tune in" to these services, and regular attenders use the on-llne re¢ordlnBs to°catch up" if they have been away. CONNECT GROUPS Connect Groups continue with each group forging its own 5dentlty and actlvlty. Each alms to enable doser relationships that encourage care and support of the members. We see true value and importance in people belonging to a small group of sorne kind where friendships can deepen and 8enuine dis¢iple5hip can happen as people work out theirfaith in relationshlp wlth other& nnect ups We are always looking to facilitate new Connert Groups and we've had the pleasure of Paul and sue Edwards takin8 UP the call to start a connect group out of what began as an Alpha group. Thls has Ènabled a whde new Set of folk to engage with connect groups. As well, thSs year saw the settlng up of a famllies connect group for all (but specifically set up around those with younger thlldrenl. Thls meets monthly and has been valued. LOOSE THREADS. Our knittiTh& crochetin8 and all things craft group continues to thrive. The group is regularly attended by around a dozen people. We have been knlttlng hearts and tlny cots for premature and Still born bables. and also shawls, blankets and'fiddle tow for a nearby home for people with dementia. Not everyone who comes tt) the group knits- several just have coffee but find it a safe and supportive place to find care and friendship. We have also had trips out for lunches together. PASTORAL CARE We continue to support and visft the sick and elderly- particularty those who are house bound or In resldentlal homes. We also seek to welcome new people and to notice and respond to any needs. both practical or financial. that we become aware of. Several of u5 continue to support people who have survived severe trauma and we have found trainin& information and advice to ensu we do this well. New LlfeChx¢h, Wokin8CIO.Anrtual Report-. April 2024-March 20Z5 Verslon 2
CHILDREN & FAMILIES In the summer term, we provided weekly Brick Club lunchtlme sessions at our local school, Kingfield Primary, which have helped children to work together and regulate their emotions. Each session ha5 a theme that Is connected to positive values and Christlan stories. We have a150 been involved in presenting monthly assemblie5 atthe school that are based on Bible stories and give the chlldren an opportunity to participate. In the summerterm, we worked alongside an outreach charity, Engage, and another local church, by helpingyear 6 childrèn from Kingfield Primary School with their transitTron to secondary school. The"IY5 Your Move" initiative also involved our jolnt funding of booklets that were distrfbuted to the ¢hlldren to prepare them for secondary school. Throughout the holidays, we continued with our Monday Activity Mornlngs for parents and children looking to connect with other parents. These mornin85 were particularly popular for children who found regular holiday club5 over-stimulating and pantS who found them unaffordable. hatwould you tske if¥ou were stranded on an arkfor40days I40 n*htsP Durlng the Autumn tem, we started up a bi-weekly Parent Well-Belng Group with the help of Julie Southey la professional Chrlstian Coun5ellorl to provide a space for parents, carer5 or anyone involved in the life of a childlteenager to talk and receive support. Throughout the year, we have endeavoured to engage parents in the church and local area, attending a parent gr¢up at the school to learn how we can best support famllies in our local community. so frrthe ts4Yedtblt YOH C4Rks hosted frr us. The thud hqdthe btsttiw RtrtsAèj trs the tr&p wert. Ple4se extemd omr 9rrtitudets ALI the ¢kL4Y¢h. Yow CaretsK" At Christmas time, we donated crafts to be sold at our local school for their Christmas Fayre and distributed food hampers to S families who the school identifd as being in need. We partlclpated in our local preschool Chrlstmas assembly and attended preschool sessions to read and act out the story of the birth ofJe5us. We also hosted a Young Carers Christma5 Event for children from Kingfield Primary School. During the Sprlng tem, we facilitated a Parenting fcf Faith course for a group of parents lookin8 for ways they could help support their children's spiritual development. YOUTH Youth has carried on its three-fold structure of Sunday momin8 youth church, Mid-week youth discipleshipi and Frlday youth lubs. We are indebted to our volunteers who selffiessly give to their time to run and to help the vadous activities. We swltched youth discipleship frorn Tuesday to Wednesdays in concert with a move from the Sacco's house to the Church. This has meant that mid-week youth discipleship numbers have been up considerably laround 11 on averagel. We as well have new volunteers come on board to help with both Sunday5 and Wednesdays which has been a help. The youth team decided in autumn of 2024 that we would like to revisit the basics of the Christian faith, and so both Sundays and the Mid-week discipleship have focused on thls. MISSIONS Local, N3tional and International Mission contlnuesto be a focus of New fe Church. We are blessed to have been able to maintain giving to organisations and individuals who are serving Christ's mission in differentways. LOCAL MISSION KINGFIELD ARC Ikceptance, Restoration, Compasslonl ¢ontlnues as an umbrella for the community focused activities of NLC. This enable5 each of our cornmunity-ba5ed projectsto have a sense of mutual support, and also enables communication across the projects to promote mtsre harmony in tsrms of setting course dates and information sharing. The various projects that rnake up KINGFIELD ARC have grown organlcally through developlng latiOnshIpS and discovery of Ictal needs. These include-. Newfe churc WokinB CIO. Annual Report..Apd12024- Mareh 2025VerswJn 2
FOOD BANK The South Woking Community Food Bank ISWCFBI. run by New Life Church INLC), is now in its Il, year of operation. It is continuing to provide emergency food parcels to families that are struggling In the loc81 c¢)mmunlty. Year 2024-25 has been very busy and the SWCF8 has continued to provide support to needy and vulnerable families across the borough of Woking. Clients havè been struggling due to the cost-of-livinÈ crisis (higher fotyj, fuel and enerÈy costs). Over the past financial year the Food Bankteam have organised, packed and delivered 449 food parcels18.6 per weekl to families on Wednesday aftemoon each week. Each food parcel contains about 80 items (fresh food, non-perishable food and household produrtsl and more than 35.(KJO items have been given away. The SWCF8 works on a referral-based system and cllents are referred by local agencies.. churches, schools. Woklng Fami Centre, Citizens Advl¢e Woklng et¢. Each family will receive at leastthree food Pa1$ over a six-week perlod. Durin8 the year the SWCFÈ ha5 Teceived grants totsllin8 £30.181 and this has helped the Food Bank to purchase the food and household products that are needed for each of the food parcels. AJI of this funding came from Surrey County Council ISCCI as part of the Governmenvs Househdd Support Fund IHSFI. In addltion to thi5. funding & food items have also been received from NLC members and attenders and some of this has been used to provbde 20 Chrlstmas Hampers to local familles. The 449 food parcels were given to 44 new clients as well as significant number of existing clients that still need to be supported. About 50% of the food bank clients are single parent families, 25% are two parent families and 25% are slngle people. The small but committed team of volunteèrs, primarily from NLC, pack and then deliver food partels to dien homes an Wednesdays each week. Durin8 the vislt the team take the opportunity to discuss the clients, 51tuations and- where p05sible- signp05t them to other agencies in the local area that may be able to help the families with 5peafic needs (furniture, white goods, debt counsellin& mental health, addiction support etc.l. CJIILL *4, CHAT Our ¢ommunity drop In, "Chill 'n' Chav contlnues to be well received. We offer a warrn welcome with hot drinks and brunch and have a team on hand to listen and chat to Bue5ts. The alm is to provlde a pla of belongSng for guests where they can a loumey towards a fuller Ilfè. It contlnues to be appreciated by local people (mainly menl who are isolated and who Strule with their mental health atvarious levels. "Illkecomin4ulonybecouse Ir getsmeout There15C WGnn wel¢omeqndl'vegDtto know somenlrepeopleondkvehove loughl" One of thefruits of thi5 ministry is the friendships formed between guests. A number of guests joined us for a summer outing to GunwharfQuays in Portsmouth and we all enjoyed a special Chrlstmas meal together including singing carols, accompanied by one of our guests on piano. COMMUNITY LITfER PICK On the back of 'Chill 'n' Chay, we organised a Communlty Lttter Pick durin8 the school summer holidays. We were joined by the Mayor and collected 8 bags of rubbish. ALPHA Due to interest, we ran three Alpha courses during the year and saw good levels of attendance. It was very encouraging to see people engage wlth the course and grow In thelr understanding of the Christian falth and its relevance to them. Many Fiave subsequently gone on to become part of the hurch community. As well as runnlng thesè groups, we are commltted to walk with people for the long haul to offer support and frlendshlp. and a number of church members give thelr tlme to (Jolust thaL New Lifechurch. Wokin8CIO. Annual Repotr.Aprll 2024-M3rth 2025 Ver5ton 2
NATIONAL AND INTERNATIONAL MISSION We continue to support Mission Partners who have an international reach and seekto have a genulne. ongolng connection with these individual& We currently support the followlng financially.. Gundula Kotthnig 15 a nurse who works on a voluntary basis in White River, South Africa. She works in primary health care in a number of community dinics where she dellvers trainlng and awareness around hei specialities of Aids and Leprosy. Guy Cohen is the pastor gf a Messianic church in a coastal town to the North of Israel. GuV5 conBregation sponsor a number of humanitarian and youth projects in and around their town. Catherlne & Adl de Frelta5 work with Youth With A Misglon- an international mission organisation. They are currently based in the UK and run a Bible School for national and internatSonal students. Heather Thompson run5 a children's or8anisation called Powerpack which encourage5 children to develop their faith and brfjng It Into Everyday life. Powerpack has branches in various ¢ountrie5 and Heather travels to teach about children's minI5try. PARTNERING WITH OTHERS HALE END COURT It was September 2022 when we started runnlng monthly servl¢es for the residents of a new local, council run'A5S15ted Livin& residence. The council invited us to Serve the residents in this way as thèy had seen it work well in their other'Assisted knvin residence. These services are jointly run by us and St. Peterfs Church. We offèr a short service and then take time to enjoy tea and conversation with residents. A highlight was the Christmas Carol service which involved one of our stsff dressing up as a glant Christin8le- much to the amusement of everyone. CoMMUNy FUN DAY Due to the succe55 of ourjubilee Garden Party and Coronatlon Garden Paty (Mini Fun Days) over the past years, we once again partnered with our An81ican friends to host a repeat event to bring the community together for an afternoon of fun at an affordable price. As before, the event was held in May in st. Mar5 Church garden. The event was agaln greatly appreciated by all sections of the community. Young famllies enjoyed the many fun activities on offer, while seniors enjoyed coming together. soaking up thè atmosphere over a cup of tea and slice of cake. As ever, both churches enjoyed and appreciated workin8 tO8ether. Indeed neither church could havè staged an event like this alone. LIGHT BEACONS Our Light beacon, Halloween alternatÉve, was once again well received bythe lo¢al Community. We have been running these sin 2010 alongside other local churches and numbers attendlng remained high- this year. we again gave out c. 2(X) hot chocolate5, and had numerous children take part in a craft activity that was run by our church youth group. People continue to appreciate the sense of safety at the beacon and the fact that we are offerlng an alternative to Halloween. REVIEW We review all our activities on a regular basis to ensure they fulfil our aim5 and objective& This is done through the regular meetings of the TNstees, Elders, Execullve and Churth Member5. VOLUNTEERS The Church continues to beneflt greatly from the voluntary Services of our Treasurer, leaders, office holders and helpers. We acknowledge that the work of the church would be greatly reduced without the committed involvement of so rnany in every New Lifechurch, WokingCIO.Annual Report. April 2024- March ZOZ5Verlon Z
area of church lrfe.. Chlldren aÈMI Youth MinÉstries. ALtdio I Visual, Worship Team, Prayer Team, Variousgroup leaders, Chair layout, CommunityActNit5es. et¢... Thank you, everyonel 3. STRucfuRE, GOVERNANCE AND MANAGEMENT Property The Baptist Union Corporation Limited is the custodial trustee of the church buildin8 and land on behalf of the CIO as the beneficial owner. The Trustees of the CIO take responsibility for ensuring its Ca and upkeep. The church 15 affiliated to the 8aptlst Unlon of Great Brltaln. the Evangelkal Alllance, and the sOh Eastern 8aptlst Assoclatlon. Rules and Regulations The church 15 managed in accordance with it5 Constitutlon and Church Leadershlp Procedures, These documents set out the fules and regulations governing the church, including membership, appointments of Pastors, Staff, Trustees. Elder5, Executive, other leadershlp roles and church meetinBS and a150 contain the Oeclaratlon of Fahh. Trustees When needed, the eyistlng Trustees seek to recruit from among the membws those who have the obllities and skills Tequlred to serve as Trustees. The Trustees and Treasuier are then appolnted in accordance with the Constltvtlon. Trustees are legally responsible to the Charity Commission for all aspects of finan¢e and 8ovem?nce of New Life Church, for staff appolntments I appralsals, and for overseeing Safeguardlng. The Trustees Fneet on a quarterly basis Priof to Church Members, Meetings. Elders Elders are appointed by the Church Meeting in accordance with the Church leadership Procedures. They are responsible for the splritual vision and direction of New Llfe Church, pastoral support of members and attenders, the programme of teachin8 and preachln& outreach and mlssion. Elders meet Ece per month for busine$5 and prayer. Executive The Executlve handles matters of finance, Complian and practical organisation for the church and is appointed in accordance with the Church Leadership Procedures. The Executive is accountable to theTrustees in the fulfilment of their duties. It meets monthlv. Other Leadership Roles Other wlder leadership appolntments are made in accordance with the Church Leadership Procedure& Such appointments would indude Connect Group leaders, youthl¢hildren's leaders etc. and would cover all church teams. These wider leadershlp 8roup5 meet regularly within thelr own teams and are accountable to the Pastor/Elders. We also have a siringent Safeguarding policy. All those with access to childn, youth andlor vulnerable adult5 are required to have an UPtrate DBS check. Staff Our Staff Team work in association w¢th the Leadership team IElder5 & Trustee51. Staff are appointed by the Church Members. Meetln8. Members of the Staff Team have regular appraisals and meet weekly for prayerful support. We are so Brateful for havin8 a siaff tsam that work well together, support each other, and create an Infomial atmosphere. Alan tlelson: Pastor (Firi Vincert Sacco: Associate Minister14 days per weekl Helen Shandley: Administrator120 hours per weekl Carol Hanlngton: Flnanrlal Controller112 hours per weekl Karen Nelson: Pastoral Worker116 hours per weekl Heather Thompson: Children's Work Consultant (Self*M0Vedl Nl¢ola Rabindren.. Children & FamlliesTeam Leader116 hours per weekl Andrew Bates: Outreach Team Leader116 hour5 per weekl Risk Management The Trustees have a duty to klentify and revlew the financlal rlsks to which the Charity is exposed and to ensure approprlate controls are in pla to provide reasonable assurance against fraud and error. The Trustees also have a duty to ensure other New LifÈChuKh. WokTrry Ck). Annual Report.. April 2024- Marth 2025Ver5ion 2
io risks are identified, eliminated or appropriately mana6ed through the regular review of polkles ¢overing Chlld Protectionfvuknerable adults, Healih & Salety and Dru85 & Alcohol. In addition,13nd as part of the H&S Policyl there is an annual'church wlde, Rlsk Assessment, and all individual groups using the bulldin8 are required to complete their own Risk Assessment. 4. ACHIEVEMENTS AND PERFORMANCE Church Membership During the year ending 31 March 2025.. 2 people came into membership. 2 Members resigned l(kne who had moved away and the other who moved to a more local church due to transport reasonsl, 7 people were baptised, and 4 Members died. As at 31" March 2025 there were 74 Members. Members, Meetings The meetir¥gs for the last financial year were on 24 April, I july, 23 October 2024, and 29 January 202S AGM. The was Spe¢ial Church Meeting on 25 August 2024 to agree a new lease for Foundations Community Pre-school Limited. Normal busines5 procedure5 are followed wSth circulatlon of Agendas, Minutes, and a Pastoral Letter whkch glves background to some of the major issues for discussion and decision. All key matters for information and decision were proce55ed at these meetings. Prlncipal Aims and Outcomes for the Year Ending March 2025 AIM ONE: Vi5ton and culture-To roll out a fresh Vision and Culture throughout the church. OUTCOME-. Having identified fresh Vision statements, these were taught as the maln prea¢hin8 focu5 thmugh Sunday mornings. We have also had meeting5 Wlth the leaders of the varÉous mlnlstrygroups in the church to help them identify how the new sion points could be worked out wthin their specific context. We realise that this is needed if the Vision and Values are to become a part of our culture. A new preaching series through the Book of Acts will seek to reinforce ourvision and Values statement5 as we See them coming out of the I Century church context. AIM TWO: Buildlng Prole¢t-To start the Internal reconstruttion of the I" Floor Includtn8 upgradin8 of the Upper Hall when funds permlt. Thi5 include5 making further applications to grant Maki bodie& OUTCOME: fhere h35 been lie progress on this front dudng the year. Many people 8ave generously and sacrificially to see the Ilft installed and the atrium built. It did not seem right to try to press our Church family to raise yet more money so soon after the last grand effort. We havè sought a reSed quote from Huggett and Hazelden so that we might be prepared to re-stsrt fund-raising efforts irt the next finanaal year. AIM THREE: Outreath-To contintse to expand the work of Kingfield ARC by identifying local needs and adapting cour$ and helper5 to fit. Maintaining the drop-in café to seNe the lotal community. OUTCOME: A chLtYch"Parentlngtor Faith" group and a"Parent Well-bein¢ group are now taking pla¢e alternate Monday mornings."(hlll n Chav continuesto provide a safe 'drop in. space for those on the frin8e of the church and 15 regarded a5 a arm hub, by Wokin8 Borough Council. Loose Threads equally provides a space for those in need of friendship. After a long pause. it is planned to re-start the'Llttle Seeds. toddler group on Thursday mornings from the 24, April. This will be led by Sian Bates and will provide an opportunity to reach out to parents of young children in the local area. AIM FOUR: Mlsslon Partners-To review mission partners 5UPPX)rt such that we can move tob*ards a more transparent and fair means of stèwarding resources for both local and global misslon. New Lrfechurth. WokiwCM).Ann¥ol Repur.. Aprfl Z034-Mar<h 2025verSk2
li OUTCOME: It was acknowledged that with finandal constralnts we needed to revlew the levels of glving to Missions. With regret we were required to reduce sUPPOrt for some of our Mi$5i0n Partnerswhile we stopped funding those with whom we had little contact and whom we had been supporting for many year5. We also revised our policy on Mis5ion5 Glvinglsee below). We recogni5ed the need to revise our poliry on Misslons Glvlng, and draft documents have been written but witholrt final approval. It is anticipated that thi5 wlll be complete In the next reporting cycle. In the past Mlsslon support was offered In an open-ended manner. and we recognise this cannot continue. This remains a sensitive rnatter in relation to those partners we already supptsrt, especially those we have been supportin8 for a long time. We also recognise that priorities and interests change in regard to misstons, and we want to be able to respond to needs as they arise and develop. AIM FIVE: D15clpleship- To continue to explore ways to enhance Lifelong Di5¢iplt5hip within the Church Famlly. Thls Includes looking to provide more Connect group OUTCOME: Providing opportunitie5 for disapleship remalns an ongoing ¢hallènEe. We continve to offer ALPHA and FREEDOM IN CHRIST Courses. We have seen two new Connect Groups establlshed. one from people'graduating, from an Alpha Course, and another built around families with dependent children. AIM SIX: Inwme-To lookto improve Income as a result olthe completion of Phase l and 2 of the buildinB project. OWCOME.. External incomè tontSnued w regular hlre arrangements wlth Batttefield Church and Foundatlons Community Pre- school. However, we terminated the hlre from Battlefield from the end of March 2025. Foundatlons Community Pre-school continues but the ownership of the company ha5 chan8ed. th better access to the upstairs rooms. we are now also able to hire rooms to Woking Music khool. M¥Jsic lessons are going well and the group are increasSng the number of sesslons booked with greater use of the Youth Room and potential for hlre of the Red room land Upper Hall should group sessions be required). We also hire rooms during term time for one-ti>one academic tuition sessions by an edLKation provider, Ackerman Pierce. Desplte the loss of Income from Battlefield Church, we antlcSpate thls loss will be more than made up for with the newer hlre arrangements. Principal Aims for the Year Ending March 2026 AIM I: Bulldln8 Prolert-To stsrt the Internal reconstruction of the I" Floor including new Disabled toilets. refurbished Upper Hall and other associated changes when fiJnd5 permit. This includes making further applications to grant making bodSes. Also to sutcessfully fLtnd-raise and exeojte two main maintenance requirements.. a new ga5 boiler and replacement of a flat roof area. AIM 2: Leadorshlp-To work towards the successful appointment of a new Senior Pastor byjuly 2026. AIM 3.. StafflVolunteers- To look to recruit 8 new Pastoral workerlvlsltor by February 2026, and to appoint a new volunteer Church Treasurer as soon as possible. AIM 4: OutrÈa¢h-To see the devdopment of Kit)gfleld ARC as it touches the wder community, with the particular fo$ on the establishment of a new Toddler5 Group and the setting up of an affordable ChrlsUan Counselling Service. AIM 5: Membershlp- To encourage regular attenders to become membèrs and thus increase the pool from which we can recruit future leaders and office holders. New Lifechwch, wuk1ClO. Annual Report.. April ZOZ4-March 2025 Version 2
12 5. FINANCIAL REVIEW Reserves policy It Is the policy of the church to have a gener8i fund with sufflclent re5er¥esto cover up to SIK monthg expenditure but recognlsin8 that there may be times when thls level needs to drop so as not to restrict the more immediate needs of the church. The level of reserves is monitored regularly. A budgeted level of support for mi$5M>n work is made by means of transfer from the General Fund as required. There is also a Buildkn8 Fund into which surplus unrestricted funds Can be transferred. Many members of the church also make addltlonal zlfts, which are for the purpose ot support for the Building Fund, misslon work, or member5 of the fellowship and wider community who are in financial need. These are considered to be restrlrted fvnds and are treated accordinglv. Finally, there is a capltal resÈNe mainly relating to the value of the church buildin8 at Kingfield. Mlsslons giving policy It had been the longstanding policy of the chuich to Set aside a sum of around 25% of budgeted income to asslst those involved in Christian based work enhancing the live5 of those in their communities. many of whom will be overseas. The policy was adjustetl In April 2024 to a pefcentage of "at least IO%" and in January 2025, it was further adlusted to refer to at least IO% of our total a¢tual (rather than budgetedl income to Missions. This resulted a decrease in support to our Missions Partners although we had also reviewed the indivlduals we support. Support is provlded to Mission Partner& taking into account alternative sources of support and lotsl costs of liwn& In addition, local groups seeking to work within schools and the local community are assisted in their aim Finally, thurch members in trninini receive support for their course fees. This is Subject to the Trustees a¢¢eptinB that their training is as a result of a Christian call and is likely to benefit the wider church in the longer temi. w LIFe Chwch. Wokln8CK). Annual Report.. April 2024-M8rch Z025Verslon 2
13 6. STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees are responsible for preparing the report of the trusrees and the financlal statements in accordance with the applicable law and United ngdorn Generally Accepted Accounting Practice. The law applicable to charities in En8land and Wales, the Charities Art 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Constitution requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity for that perlod. In preparlnB those financial statements, the trustees are reoulred to,. Select suitable accounting policie5 and appty them consistentlv. Observe the methods and principles in the charity SORP. Make judgements and estimates that are reasonable and prudent. State whether applicable accountancy standards have been followed, subject to any material departLJres disclosed and explained in the financial statements. Prepare the financial 5taternents on the going concern basi5 unless It 15 inappropriate to presume that the charity will continue in business. The trustees are reSnSible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Art 2011, the Charity IAccounts and Reports) Regulations 2008 and the provisions of the Constitution. 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. ON BEHALF FTHE BOARD: Date... Chair of Tru New Ufechurth. Woklng UO. Annual Reptyt.. April 2024-Mar¢h 2025Version 2
14 7. INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE NEW LIFE CHURCH, WOKING CIO I report on the ac¢ountsforthe period ended 31 March 2025, which are set out on page5 15 to 27. RESPE1vE RESPONSIBIUTIES OFTHETRU5fEES AND THE INDEPENDENT EXAMINER The charity's trustees are responsible for the preparation of the accounts. Tho ¢harity'S trustee5 consider that the audit requirement of section 144 of the CharTties Act 2011 (the Attl does not apply and that an Éndependent examination is needed. The charitls 8r055 income exeded £250.000 and l am quallfied to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales. It is my responsibllity to: Examlne the account5 under sertion 145 of the Act. To follow the procedures laid down in the General Directions given by the Charity Commission under section 145lSllbl of the Art,. and • To state whether partlcular matters have come to my attention. BASIS OF INDEPENDENT EXAMINER'S REPORT My examination was tarried out in accordance with the General Directionsgtven bythe Charity Commission. An examination includes a review of the accounting rècords kept by the chartty and a comparison of the accounts presented with those records. It also Includes consideration of any unusual items or disclosures in the accounts artd seekin8 explanations from the trustees concernlng such matter5. The procedures undertaken do not prowde all the evidence that would be required in an a¢Jdit, and consequently no opinion is gwen as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. INDEPENDEE1NER'SSTATEmENT In connection with my examinats"on, no matter has corne to my attention.. l. Which gNes me reasonable cause to believe that in any material respect the requirement5'. to keep accounting records in accgrdance with Section 130 of the 2011 Act.. and to Prepare accounts which accord with the accounting records and to Comply with the accountlng requirement5 of the 2011 Act have not been met,. or 2. To which. in my opinion, attention should be drawn in orderto enable a proper tsnderstanding of the accounts to be reached. Slgned Date . ID Lon Redman 8SCACA FCCA Shaw Glbbs Limlted Wey Court West Ljnion Road Farnham Surrey GU9 7PT Llfechwch, WokingCIO. Annual Report.. Aprll 2024-March 2025 Ver*on 2
15 STATEMENT OF FINANCIALACTIVITIES for the ear ended 3151 March 2025 Unrestricted funds Deslgnated funds Restricted funds Totsl fund5 Notes INCOME AND ENDOWMENTS Donations and Legacies Charitable Activitie5 Investments Grants Received 301,619 29,597 5,475 42,607 344,226 29.597 5.475 31,181 16 31,181 Total 336,691 73,788 410.479 EXPENDITURE Expenditure on Charitable Activities Missions Church 37,842 280,753 18,647 34,784 56,489 315,537 318,595 19,207 53,431 372,026 19,207 Governance Costs Total 337,802 53,431 391,233 NET INCOMEI(EXPENDITURE) 16 -I,iii 20,357 19,246 TRANSFERS BETWEEN FUNDS 17 22,748 -18,166 -4,582 NET MOVEMENT OF FUNDS 21,637 -18,166 15,775 19,246 RECONCILIATION OF FUNDS TOTAL FUNDS BROUGHT FORWARD 1,035,235 18,166 11,078 1,064,479 TOTAL FUNDS CARRIED FORWARD 1,056,872 26.853 1,083,725 New Life Church. Woking CIO. Annu31 Report.. April 2024- March 2025 Veision 2
16 STATEMENT OF FINANCIAL AcfiviTIES for the ear ended 315r March 2024 Unrestrfcted fund5 Deslgnated funds Restrirted funds Total funds Notes INCOME AND ENDOWMENTS Donations and Legaties Charitable ActFvities Investments Grants Received 203,233 22,730 8,292 32.529 151,157 386,919 22,730 8,292 54,705 16 54,705 Total 234,255 32,529 205,862 472,646 EXPENDITURE ExpenditLsre on Charitable Activitie5 Missions Church 42,322 213,798 29,299 61.712 71,621 310,529 35,019 256,120 15,403 35,019 91,011 382,150 15,403 Governance Costs Total 271,523 35,019 91,011 397,553 NET INCOMEI{EXPENDITURE) -37,268 -2,490 114,851 75,093 TRANSFERS BETWEEN FUNDS 17 225,264 -225,264 NET MOVEMENT OF FUNDS 187,996 -2.490 -110,413 75,093 RECONCILIATION OF FUNDS TOTAL FUNDS BROUGHT FORWARD 847,239 20,656 121,491 989,386 TOTAL FUNDS CARRIED FORWARD 1,035,235 18,166 11.078 1,064,479 New Lrfe Church, Woknn8CIO. Annual Report.. April 2024- March 2025 Version 2
17 BALANCE SHEET as at 31, March 2025 Notes 1025 2025 2024 2024 FIXED ASSETS Tangible Assets 12 903,365 933.431 CURRENT ASSErs Debtors Cash ot bank and in hand 13 26,659 168.052 28,338 136,275 194.711 164,613 CURRENT LIABILITIES Creditor5: Amount due within one year 14 -14,351 -33,565 -14,351 -33,565 NEf CURRENT ASSETS 180.360 131,048 Nrr ASSETS 1.083.725 1,064,479 Represented by: FUNDS 16 Unrestrirted fund DesiEnated fund Restricted funds 1,056.872 1,035,235 18.166 11.078 26,853 1,083,725 1,064,479 The financial statements were approved by the Board of Trustees on .......... behalf by: . and were signed on its Trust Chairman) Trustee (Treasurer) New UfeChw(h. Wokln8aQ.ADnual Report'.Aprf120Z4-M3rcth 2025 Version 2
18 NOTES TO THE FINANCIAL STATEMENTS for the ear ended 31 March 21)25 Accour1Nfj POLICIES Accounting convention The financial statements of the Charitable Incorporated Organi5ation. which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP {FRS 1021 "Accounting and Reporting by Charities: Statement of Recommended Prartice applicable to charities preparing their accounts in accordance with the Recommended Practice Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20151" Financlal Reporting Standard 102" The Financi31 Reporting Standard applicable in the UK and Republic of Ireland" The financial statements have been prepared under the historical cost convention. Incomln8 recognltlon All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Donations are recognised when the donation has been received. Interest on funds held on deposit is included when the interest has been paid by the bank. Expenditure recognition 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. Grant5 offered subject to conditions which have not been met at the year-end date are noted as a commitment but not accrued as expenditure. Allocatlon and apportlonment of support and governance costs Support costs comprise direct expenditure on the employment costs of salaried employees, travel expenses and other directly related expenses including office and building costs. The costs have been analysed in note 8. Governance costs comprise all costs involving the publlc accountability of the charity and its compliance with regulations and good practice. These costs have been analysed in note 9. Charitable artivities The expenditure on charitable activities include grants made, governance costs and an apportionment of support Costs as shown in note 5. Tangible fixed assets Depreciation 15 provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property -2% on cost or valuation Fixtures and fittings -25% on cost Computer equipment -25% on cost Improvements to property- structural -2% on cost Improvements to property- other -25% on cost Assets costing £1.500 or more are capitalised and valued at depreciated historical cost. All other assets under this amount are expensed to the Statement of Financial Activities. Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the tru5tee5. New Life Churth, Wok1clO.Anrl3l Report.. April Z024-March 2025 Ver2
19 Restricted funds can only be used for the particular purpose 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 15 included in the notes to the financial statements. Leasing Commitments Rentals paid under operating leases are charged to the Statement of Financial Actlvlties on a straight-line basis over the period of the lease. Pension costs and other post-retirement benefits The charlty operates one penslon scheme, which 15 a defined contribution pension scheme, where the contributions payable are charged to the Statement of Financial Activities in the period to which they relate. New Lifechwth. Wok1 CIO. Annual Report.. April 2024-Marth 2025 Version 2
20 NOTES TO THE FINANCIAL STATEMENTS for the CONTINUED 2. VOWNTARY INCOME FROM DONAlloNS AND LEGACIES QV04124 3V03125 ear ended 31. March 2025 01104123 31103124 Gift Aid donations Other donations 270,393 73,833 229,077 157,842 344.226 386.919 3. INCOME FROM CHARITABLE AcfiviTIES 01104124 31103125 01104123 31103124 Other income 29,597 22.730 29,597 22,730 4. INVESTMENT INCOME 01104124 31103125 OI/Iy1123 31103124 Deposit account interest 5,475 8,292 5,475 8.292 5. CHARITABLE A1VITIEs COSTS Missions Church 01104124 31103125 Total 01104124 31103125 Total OV04123 31103124 01104124 31103125 Notes Direct Costs Glfts Made 251.928 36,845 251,928 93,334 249,576 107.171 56.489 56,489 288,774 26,764 345,263 26,764 356,747 25,403 Support Costs 56,489 315.538 372,027 382.150 6. DIRECT COSTS OF CHARITABLE AcnviTIES 01104124 31103125 01104123 31103124 Trustees, remuneration Trustees. expenses Staff remuneratlon Staff expenses Hire of premises Premises and insurance Light and heat Sundries Depreciatiors 72.850 1,327 41,044 64,903 768 42,194 794 37,410 19,077 11,185 40,713 32,532 49.488 19.126 10,352 22,408 34,649 251,928 249,576 New Ufechurch, Woklwcm). Annual Report.. Aprll 2024- March 2025 Verlon Z
21 Hire of premises includes an operating lease commitment for a house which is being used a5 a manse and Iso the utilities and council tax costs for the premise5. New Ufechurth. Wok1(10. Annual Report.. Aprll 2024- March 2015 VerOn 2
22 NOTES TO THE FINANCIAL STATEMENTS for the ear ended 31s1 March 2025 CONTINUED 7. GIFTS MADE 01104124 31103125 01104123 31103124 Missions Church Fellowship Gifts 56,489 36.845 71.621 35.550 93,334 107,171 The total grants paid to institutions and Indivlduals during the year was as follows Unrestricted Re5trirted 01104124 31103125 Total 01104124 31103125 Total 01104123 31103124 01104124 31103125 Missions A&C DeFreitas IYWAMI Across Ministrles African Pastors Fellowship Andrew Bates Istewardship Fund) 2.200 Engage 1,500 Ezra IUKI Gundula Koethnig Isouth Africa) 8,900 Healing on the Streets H Thompson (Powerpack Ministry) 8.000 Interserne Ildri5 Rashkl 500 Israel Isee detall below) 2,878 Fullness and Fun IN& J Sayers) Pastoral Visits 1,464 Pat Frame (Ezra Internationall 3,400 Romania Bank Charges 8,000 6,864 14.864 16,065 1,610 1,000 2,2Crf) 1,5(KJ 3Q) 14.893 75 9,350 2,200 3,030 800 11,105 300 5,993 75 1.350 10,323 250 9(KJ 3,128 900 1,464 6,175 iio 30 18,440 900 2.775 iio 30 5.635 1,385 128 37,842 18.647 56,489 71,621 Church Fellowship Gift5 Fellowship Fund gifts Food Bank Grant fund Food Bank fund Othergifts made Church overhead charge l,Lo 30,415 603 2,000 766 1.013 23,020 8,915 2,602 30,415 603 4,061 766 2,061 2,061 34,784 36,845 35,550 39.903 53,461 93,334 107,171 Israel Detall Mark Ashkenazi Harvest of Asher (Guy Cohen) Lev Havkim 5,794 6,852 5.794 2,878 250 3,128 2,878 250 3,128 18,440 £7,781 was received on 31 March 2025. It was paid out in April 2025 and will therefore be shown in the 202512026 accounts. This represents mission gifts to Guy Cohen £1,343, Lev Havkim £3,219 and Mark Ashkenazi £3.219. New Llfechurch. wOngc10.AnTru3l Report.. Aprll 2024-March 2025Vershin 2
23 NOTES TO THE FINANCIAL STATEMENTS for the CONTINUED ear ended 31 March 2025 8. SUPPORT COSTS OV04124 3V03125 01104123 31103124 Salaries Pension ¢ontributions Social securlty Expenses Office and telephone Volunteers. expenses Sundries 21,606 2,161 386 12 2,565 34 15.208 1,256 339 31 5.832 2.737 26,764 25,403 9. GOVERNANCE cosrs 01104124 31103125 OIIIM123 3V03124 Salarie5 Pension contributions Social security Expenses Bank charges Independent Examinerfs Fees Legal Fees 11,504 903 137 10.950 985 81 li 3,370 3,480 3.183 19,207 15,403 10. TRUSTEES. REMUNERATION AND BENEFITS 01104124 3y03125 01104123 31103124 Salaries Pension contrlbutions Social security 60,805 9.723 2,322 54.894 8,278 1,731 72,850 64.903 01104124 31103125 01104123 31103124 Expenses 1,327 A5 Part of hi5 Ternuneration package, the mlnister. Rev. Alan Nelson, who Is also a trustee of the charlty, has reld the non- tsxable benefit of the use of a Manse, a property owned by Rev. Nelson and leased from him by the church at a rentsl of £21,630 per annurn. The associated seNce costs, namely ga5, electricity. council tax and water are all pald by the church. These costs and the rent amount to £26,933 and are all included in Hire of Premises, under direct costs of chafltable actSvities. Furthermore. the church has reimbursed Rev. Nelson a total of £1,108 expenses such as conference accommodation eosts and mileage. The church has also contributed £6,826 towards Rev. Nelson's penslon which Is with the Bapt15t Union Pension Scheme. As part of his remuneration package, the associate mÉnister. Rev. Vincent Sacco, wh0 15 also a trustee of the charity, has received the non-taxable benefit of the use of a Manse. a property leased by the churth. The rent paid during the year wa5 £15,100. The a550ciated service costs, namely gas electricity. council tax and water are all pald by the church. These costs and the rent Newtlfechurth. WGklngCIO.Annual Report.. April 2024- March 2025 Vwslcn 2
24 amount to £21,650 and are all included in Hire of Premises, under direct Costs of charitable activitie5. Furthermore, the churth has relmbursed Rev. Sacco a total of £219 expense> The church has also contributed £2,897 towards Rev. Sacco's pension which is with the Baptist Unlon Pension Scheme. The number of Trustees to whom retirement benefits are accnjing under a defined contrlbutlon scheme Is 2. 11. STAFF COSTS 01104124 31103125 01104123 31103124 Wage5 and salaries Other pension costs Soclal security Less employerfs social security exemption 130,704 16,466 8,421 -5,0(X) 119,623 13,776 2.517 150,591 135,916 In the accounts, the £5,000 employers social security exemptionlbenefit has been allocated as to trustees £3,558- dirert charitable staff £736.. support staff £542,. governance staff £164- in line with the payroll deductions. The average monthly number of employees during the year was a5 follows: 01104124 31103125 01104123 31103124 Trustee Direct Charitable Support Governance No employee earned more than £60.000. New Lifechurch. Wokln8 CIO.Annual Report.. April 2014-M3rch 2025 Version 2
25 NOTES TO THE FINANCIAL STATEMENTS for the CONTINUED st ear ended 31 March 2025 12. TANGIBLE FIXED A55ETS Improvements to Property Freehold Property FIKtures & Flttings Computer Equlpment Total COST A5 at I" April 2024 Additions Disposals Write-off5 482,923 4,583 1.022.000 77.605 14.612 I,S97,140 4,583 -33,290 -14,612 -47,902 As at 31. March 2025 487,506 1,022,000 44,315 1,553.821 DEPREaATION As at I" April 2024 Charge for the year DisP05a15 Write-offs 257,108 10,708 319,000 20,440 72.989 3,501 14.612 663.709 34,649 -33.290 -14,612 47.902 As at 31. March 2025 267,816 339,440 43,2 650.456 BOOK VALUE As at 31S1 March 2025 219.6) 682.560 1,115 903,365 As at 31 Marth 2024 225,815 703,000 4,616 933.431 tifechUh, Wokin8CIO.Annual Aeport.. Aprll 2024- Marth 2025 Version 2
26 NOTES TO THE FINANCIAL STATEMENTS for the CONTINUED 13. DEBTORS.. AMOUNTS FALLING DUE wrrHIN ONE YEAR st ear ended 31 March 2025 2025 2024 Glft Ald tax recoverable 26.659 28,338 26,659 28,338 14. CREDITORS: AMOUNTS FALLING DUE wrtHIN ONE YEAR Z025 2024 Trade creditors Taxation and soclal security Unsecured loan Other creditors 8,290 2,721 11.565 20,000 3,340 14,351 33.565 15. ANALYSIS OF NEf ASSEfs BEfwEEN FUNDS 2025 Unrestrl¢ted funds 2025 Restricted funds 2025 Total funds 2024 Total funds Fixed assets Current assets Current liabilities 903,365 167,858 -14,351 903,365 194,711 -14,351 933,431 164,613 -33.565 26,853 1.056,872 26,853 1,083.725 1.064,479 16. MOVEMENT IN FUNDS At 01104124 Net Transfers & At 31103125 movement adjustments Unrestricted funds General fund Deslgnated fund Capital reserve 101,640 18,166 933,595 33,537 18.330 -18.166 4.418 153,507 -34,648 903,365 1,053.401 -i.iii 4,582 1,056.872 Restrirted funds Fellowship fund Mission fund Building fund Food Bank Grants fund Food Bank fund Other funds 2,150 2,901 2,962 -187 7,489 6,465 1,963 8.803 4,845 -1,587 4,582 2,164 901 5,849 741 8,013 3,229 1.587 11,078 20,357 -4,582 26,853 TOTAL FU14DS 1,064,479 19,246 1,083,725 New Lrfechurth. Wokln8ao. knnua1 R2port..Aprfl 2024-MHfch 2025 Vethon 2
27 NOTES TO THE FINANCIAL STATEMENTS for the CONTINUED ear ended 31 March 2025 16. MOVEMENT IN FUNDS (¢ontlnuedl Net movement in funds included in the above are as follow5.. Incoming Resource5 resourtes expended Movernent in fund5 Unrestrlcted funds General fund Designated fund Missions Capital reserve 298,850 -265,313 33,537 37,842 -37,842 .34.648 .34,648 336,692 -337,803 -I,iii Restrfrted funds Fellowship fund Mission fund Building fund Food Bank Grant5 fund Food Bankfund Other funds 813 26,135 6.465 31,181 6,452 2.741 -I,o¢xJ -18,646 -187 7.489 6.465 -31,181 -603 -2.0 5,849 741 73,787 -53,430 20,357 TOTAL FUNDS 410,479 -391,233 19,246 The Mission fund income represent5 SUPPOrt for mission activity from church members and from individuals with long-standing connection5 to the church. The Building fund represents pledged income from members to support the building work undertaken in 2010, 2017, 2018. 2019, 2020. 2021, 2022 and 2024. The Food Bank Grants fund repre5ent5 grants from the government household support fund which are spent on food and nece55itie5 to directly benefit vulnerable households The Capital Reserve relate5 to, and repSentS the value of. the charity5 fixed assets. 17. TRANSFERS BETWEEN FUNDS There wa5 a transfer of £4,58212023124 £225,264) between the Unrestricted General Fund and the Building Fund during the year in respect of costs incurred in improvements to the property. A150 the Designated Fund surplu5 Of £18,166 wa5 transferred to the Unrestrirted General Fund (see note 19 belowl- There was also a reclassification between the Restricted Funds of £1,587. STAFF REMUNERATION AND EXPENSES Included in staff remuneration is a salary of £12,263 plus pension and social security costs totalling £1,664 in respect of Mrs. Karen Nelson, the wife of Rev. Alan Ne150n. In addition. the church paid expen5e5 of £596 to Mrs. Karen Ne150n. Also, in staff remuneratlon is a salary of £5,785 plus penslon costs of £578 in respert of Mrs. Kari Nelson. the daughter-in-law of Rev. Alan Nelson. 19. DESIGNATED FUND Included in the Unrestricted General Fund was a Designated Fund which the Trustees set up to account for the income received and expenditure incurred in respect of Rev. Vincent Sacco who wa5 appointed Associate Pastor of N*w Life Churth, w0k1clo.AnThUal Report.. April 2024- Marth 2025 verOn 2
28 the church in May 2023. The £18,166 Surplus of this Fund was transferred to the Unrestrirted General Fund on I" April 2024. 20. FUTURE COMMITMENTS The church has taken out a five year contract for the lease of a photocopierlprinter in the annual amount of £l.108. the lease commencing on I" May 2024. Ne¥v LrfeChur¢h, WokinKCIO.Annval Report.. April 20Z4-M?rth 1025VLY51cn 2
29 DETAILED STATEMENT OF FINANCIAL AcrivlEs for the st ear ended 31 March 2025 01104124 31103125 01104123 31103124 INCOMING RESOURCES Voluntary Income Gift Aid Donations Other Donations 270.393 73,833 229,077 157,842 344.226 386.919 Investment Income Deposit account interest 5,475 8,292 5,475 8,292 Ineoming resource5 from charitable artivities Other income 29.597 22,730 29,597 22,730 Grants received 31,181 54,705 31.181 54,705 Totsl Incomlng resourte$ 410.479 472,646 RESOURCES EXPENDED Charitable expenses Dlrert costs Trustees, salaries Trustees, pension contributions Trustees. Social security Trustees, expenses Staff remuneration 60,805 9.723 2,322 1,327 41,044 54,894 8.278 1,731 768 42,194 Lil Staff expenses Hire of premise5 Premi5e5 and insurance Llght and heat Sundries Depreciation of freehold property Depreciation of fixtures and fittings Depreciation of improvements to property 794 37.410 19.077 11.185 40,713 19,000 3,499 10.033 49.488 19.126 10,352 22.408 20,440 3,501 10,708 251,928 249.576 Grant fundlng of actlvltles Gifts to individuals Gifts to institijtions Charges made 82.795 9,743 796 103,556 3.615 93,334 107.171 345,262 356,747 Lffe Churth. Wow CKJ. Annual Report: Aprfl 2024-Mar¢h ZQ25 Vw$Son 2
30 DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the CONTINUED st ear ended 31 March 2025 OV04124 31103125 01104123 31103124 Governance costs Salaries Pension contributions Social security Legal fees Bank charges Independent Examinerfs Fees 11,504 903 137 3,183 10.950 985 81 li 3,370 3,480 19,207 15.403 Support costs Salayies Pension contributions Social Security Expenses Office and telephone Sundries Volunteers, expenses 21,606 2,161 386 12 2,565 15,208 1,256 339 31 5,832 2,737 34 26,764 25,403 Total resources expended 391,233 397,553 Net Incorne/{expendtture) 19,246 75,093 New LifeChur¢h,Wokin8CIO. AnNal Report.. April 2024-Marth 2015 verOn 2