Ch•rlty rnglstrntion nUMr 1178511 NEW LIFE CHURCH (REDCAR) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
NEW LIFE CHURCH (REDCAR) LEGAL AND ADMINISTRATIVE INFORMATION Trusts09 P Mileham J Murphy A Ibhadon R Mlleham Wmileham S Meadows ChJrlty number 1178511 Prlnclpal addr8 Grosrnont Close Wesl Dyke Road Redcar TS10 4PJ RogiBt•r•d offlce 2 Ety Crescent Redcar TS10 3PT Indepènd•nt •xamln•r AzetsAudlt SeNce8 ny8rd Park House nyardAv8nue TS22 5TB United Kingdom Bankers TSB Ba PLC Redcar TS10 1RP
NEW LIFE CHURCH (REDCAR) CONTENTS Pag• Trustses. rewt Independent gxaminerb report Statement of finaal actlvlues Balance sheet Noteg to fv financial statements 9-14
NEW LIFE CHURCH (REDCAR) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 Thg Truste83 present their annual report and finandal statements for the y8aT ended 31 March 2025. The financ181 slalemonls have been popored in accordance with the acwjnting poliaes set <xrt in note 1 to the financial ststemenls and compty wlth the chanty's [governlNd documentl. the Charities Ad 2011 and 'AUnting Reporting by ctIes.. Statement of Recommended PracticR applicab to eh•rities preparing their accounts In accordance the Fina91 Rep¢rting Standard appliGabie in the UK and Republlc of Ireland {FRS 1021" {effecllve 1 January 20191. Objectlves and actlvllle8 The Church Is SUInded by a communrty of residential houses, shops and a local 3ch(M)l and as Such, is Idealty placed to 8erYe. The Trustees hav8 pad due regard lo guidafKe 18sued by the Charity Commlssion in decrdiThJ what advilie5 thè charity Should undgrtake. The objective of the Chur¢h is as foll(Ms'. To provide a place of worship and fellowship for both the ccryregation and local eomrnunty. To make available the fadlltles of the church to the Ioc81 community, and to advance the ChriBfian faSth through the activities of the thrch in accordance with NLCR Misslon Slatemenl. To help those in need and to r81ievg sickness and financial hardshlp wherever possible. and to promote and preserve good health by provlsion of funds, goods and Se1¢88 induding wunselling and support in suth parts of the community, United Kingdom. or the workl 88 the Church Councgl from lime to time think fft. To promot8 and advance Christian oducatlon vAthin the UK and der wcrty as seen appropriate and fftts'ng. Achlevements and perfornianc• As we look back over another year's mlnlsty, we the IrLBte88 of New L We Church Redear can See an encouraging prcgresslon and grovAh in a number of way& We have seen another incTeasg in congregatlon. and regular 8ttendarrR from a range of groups, nafionalf(ies and backgrounds. The continued theme and feedbad( from new pe¢)ple con7tng Into the church is th8( this is a ace where thgy Immediately feel at home and comfortable, which is key to the advancement of any ¢huTch. We also telieve that there is 8omethlng posttlvety drfferent in the atmospherg of the church whith people are looking for today. As we receive people into the church for whom Engllsh is rKJt thr first laThJuage. the challenge is to provid8 suitable level of translation in order for the church services to be of real value, and for individuals and families lo feel part of the church communty. As well as genulne frlendship and giwng of time, we have been tri811ing a number of audible and wrftten real time tran81atlon 8ppliGations which we are finding helpful aThJ will contriue to Improve upon.
NEW LIFE CHURCH {REDCAR) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The evidence of rising mental hearth Issues in the communty 18 of G¢JrKem, but as we spend time VXsrkirvJ vAth, and caring for people with Ihesfr needs, we see a rewarding developmant of confidere and stabillty In their lives both in church and outside, in day-to4ay life. Our aim Is. not only to provide education within the Christian falth, but also lo encourage a slrcnger ouuook for Indlvlduals with mentsl health issues. and to be able to deal with the pressures of lif9 In 8 different and more sustalnable way due to their fath. The Sunday school contlnuès lo see chilijren from the lo1 community attend, on9 with the children of churth members, and together we $ee them develop and grow os they're inv¢Jlv8d in a range of activllles, and feel an inryeased level of confidenc6. Imth the pre88ures of growing up in an ever changing Wd, beliove the Sunday school chlldfftn have the opportunity to spend time in an environment where they relax, have fun and be safe, while leaming blbllcal principl95 which help equip them for lrfe's challenges. The young beli8vers 1th088 young In the faithl meet monthty and are taught the foundational truths of the bible, alongde the awargness of what the bi9 says about the world today, and 8lsD tomorrow. We are greauy er¢cyJuraged to see a dèsire from the young bellevers lo know more of God's wttd, and to apply rt to their lives. The heort of our ministry ntInUeS to be the desire to serve Gtyj and our community, and this 1$ demonstr81gd in number of ways. Wg feel that the church needs lo touch the communoty. and remind the people wlhin the hous8s and the est8le8 that surround the church- that we ar& here for them. Th& church eongreg81ion, and leadei¥hip, are very much awar8 of the challenges that are evldent In Ihe dlsadvantsged community that we 8ra in the centre of, and we often have the opportunity lo come alongslde those with dependenues on drugs and alcohol, a$ well as othei 80cial issues. Thankfully, we continue to sea success with individuals changing habitual lifestyles 8nd técoming rehabilitsted to the point that they are able to fvnction once again in society and offer support lo others dealing wlh similar problems, through the positsve changes to their own Ilfestyles. NLCR continues lo support 8 numbgr of other charitie$ and support groups, Induding a Christl8n rehabilitation cenlre, Thi¥ habilItatIon centre Is srtuated outside of the lo1 area, and provides long temi re¥tdentHI opportunities for those who ne8d to move out of the area, in order to be free from peer pressurg and detrlmèntal relationships. The ladles of the ChUh meet regularty lo discuss opportunities, %thlch include reaching out into the local neighbourhood. often with simple bLrt effeCte tssks suth as litter pithng arKI scoal ¢are for the elderiy. NLCR has a heart for the people and comMLttY it serves and are pleased to witne88 Ilves teing changed for th8 better.
NEW LIFE CHURCH (REDCAR) TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 We continue lo providg sound bSblieal tsathing, whlch 18 dallvered both in thurch and al#0 broa(kayt over the inlemet. The weekty coffee momlngs providg an¢)ther opportunlty for people to come into thurch and enjoy 8 time of friendMp and fellowship. For many, just eIng through the doors is a r8al breakthrough and ran often te a great help to those mentioned eier- suffering from anxiety, mental health Issue$ and lonelines8. Pastoral care Is extendgd lo all wl)o ar8 in nggd, and the Sick are visited al home-and in ho8pitsI. Thls can make huge dlfference to tho$e that are isolated or feeling alienated for orn rea¥on or another. We mantsin a great relationship vJith other k)cal seNi¢es, indudlng our emergency 8eThlce8, care homes, arhj hospltajs. Every year we endeavour to reath out to th088 88NIce8, lo¢al ftsidents and th¢)se in need, gifts and supp¢)rt. Church member8 ¢ontribule trAvard8 these glfts, and the appreuaticn expressed by ts reoplents 1$ extremely touchlng. One of tha comer stones of the churth Is the abilty lo come and pray. As we YtneSS the ever¥rowng concerns over tIr1d issues, environmental problems 8nd natural disaBter8 etc, the rthd lo pray is all Ihe more obvlou$. We filY believe that prtyer makes a difference and are blessed to see the evidence of th18 on an ongoing basls. The church conkn.nues lo be open dally and we wokome people to tske the opportunity to come In and pr8y whilg we still have the freedom to 80.
NEW LIFE CHURCH {REDCAR)
TRUSTEES, REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Flnanclftl revlew
Wlh a steadily growing CongregaOn, wa are bkssed wlh continued corrtribuon8 and do not have to tely on
extem81 finance$ or grant applications.
Due to this finanaal stability. we are pleasgd to be abl& to further 8UPFQrt 8d81ng extemal needs. induding disaster
appeals and calls for help from other charities and agenGie$.
We continue our ffianal support for Betel Christk4n rehabilitation. Open Doors, Camlnul Fellx, &ble Network, CFI
and others.
Malntenancg Expgndlturg
On going wJrks lo the labrlc of the building and the grounds Includo the replacement of the final $gction of orfginal
timber perimeter baffler wrth new. galvanized sleel sedon6 to the Grosmonl Close slde of the premiseB.
The over head prolactor, main PA 8pe8ker3. 8nd platfom monitors have needed rgplacemenl after 13 years of
service.
Due to incieased prices. and reduced availabilty of Iluorescent fittings. the lighting in the foyer and coffee bar has
changed lo LED whith wll see a long81 t8rm reduction in energy costs.
The foyer flooring had delaminated and has bgen replaced with new non slip floorfng.
The above costs came in al just over eighteen thousand pounds.
The trustees are mind1 of additional refurblshment and replackment costs, and also ari$ing projects. As suth
provision has been made through the bullding up of the reserve funds.
In the ye8r ahead, we plan lo contlnue to use the charity's resources lo fvrther the ¢>bltiVeS of the organisalion
and sUprt wherever possible. as11 grows and develops by Gc
NEW LIFE CHURCH (REDCAR) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Stat•m•nt of trustses, responslbllltles The Trustees are resFK)nsible for preparing the Tru8tee8' Report ond the finaneial statements in accoidan¢o wlth applicablo law and United KFngdom AcwJnlh)g Stsndard8 (United Klngdom Generally Accepted AeLounling PracticÈl. The18w applt¢able to ch8rftle8 In England and W8les requlres the Tnjslees to prepare finanoal Statements lor each financial year which give a tnje and fair view of the st81e of aff8irs of the charlty and of th& incoming resour¢es and applic8tron of resourcos of the tharity for that year. In preparfrKJ th68e financid statements, the Trustees are required to: - 8elect suitable 4ntIng pollcle8 and Ihen aFply them cons18tenlly', - obseNe Ihe methods and prfndrAes in tha chgrib.es SORP., - make judgements and estimates that are reasonable arKI prud8nt', state Ither applicabl8 accountlng standards have been folbwed, subject to any material departures d(8do8ed and explained In the finandal stalemenls,. ond - prepare the financlal statements on the wing concern ba81$ unb$s it is Inapproprl8te to presume that the ch8dty 11 continue In operation. Tho Trustees are responsible for keeplng sufficient accountirrfj records that disdose wllh reason8bla accurxy at any lime the financial p051tKJn of Ihe charity and enable them to ensure that the finandal statements eomply with the Charities Act 2011, the Charity {Accounts 8nd Reports) Rggulalions 2008 and the proMSn$ of the trust deed. They are also responsible for safeguarding the arysels of the ch8rity and henc8 for taking reasonable step$ the prevgntion and detectlon of fraud and other iNegularilies. The trustees, rep)rt was approved by the Board ofTrustees. P Mileham Trust•e
NEW LIFE CHURCH (REDCAR) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW LIFE CHURCH (REDCAR) I r8PJrt to the Trustees on my examinalion of Ihe financial statements of New Llfe Chur¢h IRedcar} (the t•rity) for the year ende(131 March 2025. Re8ponslb1l1a8 and ba818 of report As the Trustees of the charty YOU s responsibl8 for the prgparalion of the financi81 siatfjments in a¢¢dance with the reqU1MentS of the charItA¢1 2011 {the 2011 A¢t}. I report In resFCt of my examination of Ihe tharity's financlal 81alemenls carried out under Section 145 of the 2011 Act. In carrying out my examination I have followed all the appllcable DlrectisJn$ given by the Charity Commission untsr section 145(5)<b) of the 2011 Act. Independent examln¢rf8 8tst•mgnt I have completed my examination. I confimi that no matters have come to my attention in conneGtion wth the examination giving me cause lo tefieve that in any material respect: counting records w8re not kept in respect of the tharjty as rgquired by section 130 of the 2011 Act." or the financial ststements do not acccfd with those records., or the financkql statements (kj not comply th the applicable requirement3 K*ncerning the fomi and content ol accounts set out in the Charit195 (Accounts and Reports} Regulations 2008 olh8r than any requirement that the aCcnts give a true and fdr 15 not a matter considered a8 part ofan independent examinauon. I have no concern8 and have come acr088 no other mattern In connectKJn with the examination to vthich attention should be drawn In this report in or(lfjr to gnatlo a proper understanding of the financial 8tatements to bg reached. IV Graham tzgerald BA FCA tKI Az8tsAudil Ser¥ices nyard Park Hou8e Vnyard Av8nu8 TS22 STB United Kingdom Dated.. zlIT{Zoli
NEW LIFE CHURCH {REDCAR) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unr•strl¢t•d Unrostrlcted funds funds 2026 2024 In Donations and legacies Charitable advttles Investments 79,789 5,361 3.179 62,657 4,673 Totsl Income 88.329 67.716 Charitsble advitles 57.637 48,192 Net Income for the yearl Net movement In fund8 30,692 19,524 Fu1 balances al 1 April 2024 913,984 894,440 Fund balanc•$ #t 31 March 2025 944.656 913,964 The statement of financial activibes indud8s 811 gains and losses recognised in the year. All income and expendire derive from ¢ontinuing activits'es.
NEW LIFE CHURCH (REDCAR) BALANCE SHEEr ASAT31 MARCH 2025 2025 2024 Fixed assets Tanglble assets 789,680 772,772 Current assets Cash at bank and In hand 157,035 145,347 Crodknrn: arnounts falllng due wlthln year 10 (2,0591 14,155) Net ¢urrent a3Fet$ 154,976 141,192 Totsl assets le88 ¢urr¢nt liabiliti 944,656 913.964 Income funds Unreslricled funds 944.656 913.964 944,6 913.964 23111 Thefinan¢ial $t*ments were approved by the TNsie8s on............... ......... P Mileham Trust••
NEW LIFE CHURCH {REDCAR) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policr•s Charlty Inforniatlon New Life Churth IRed¢2r} is a charrtable incorprxaled organisalion registered in England and Thg registered office is 2 Ely Crèscent, Redcar, TS10 3PT. New Lrfe Church {R8dcar) is situaled at GrO$nnt C108e, INe8t Dyke Road. Red¢or, TS10 4PJ. 1.1 Accountlng conventlon The financi81 ststements have been prepared in accordance with the charlty'$ goveming drtumenl, Chadlies Act 2011. FRS 102 Yhe Finaroal Reporting Stsndard applicaLle in th8 UK and Republlc of Ireland. fFRS 102.} and the Charibes SORP 'Accounling and Reportlng by Charitie8." SLemenl of Recommended Practice applicable to charrbes pr8paring their accounts in a¢¢ordance with the Financial Reporting Stsndard applicable in the UK and Republlc of Ireland {FRS 102)" (effective 1 January 2019). The charity is a Public Benefft Entity as defined by FRS 102. The charity ha8 taken advantage ol the provisions in the SORP for charitie8 not to prepare a Statan8nt ol Cash Flows. The financial statements have dgparted from the Charities (Accounts and Reports) RegUlaon6 2008 onty lo the extent required lo provkle a true and fair view. This departure has involved following the Statement ol Recommended Pradice for charities opplying FRS 102 r8ther than the version of the Slatsmenl of Recommended Practice whi¢h is referred to in the RegulaUons but ha8 Since been wthdrawn. The financial statem8nts arg prepared in sterling, which is the funclional cwrrency of the charity. Monetary 8mounls in these finanul statements are rounded lo the nearest £. The finanaal slalements have been prepared under the hlstorical o)st Convention. The prlnapJ accounting poli(aes adopted aTe set out below. 1.2 Golng c¢n¢•rn At the balance sheet date, the charty had unreslitted funds of £944,656 12024 £913.964). Vi draw y¢)ur attention to th8 financial rewew on page three of the trustees report. Al the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources lo continue in operational eStence for the forseeable future. Thus the Trustees continue to adopt the going conc8rn basis of aeeounting in preparing the ffinanual statements. 1.3 Charltsble funds UnreslrKted funds are available for UBe al th8 discretion of the Twste86 in furthèrano of their charilab objeotives. Restricted fiJnds are Subject to specmc condltlons by donors a8 to how they may be used. The purposes and u$e5 of the restrided fvnds are sel out In the notes to the fin8ncial ststements. Endowment funds are 5ubj8Ct to $P8ufic conditions by doncws that the tal must be malntalned ty the charity. 1A Income Income 1$ re¢ognised when the charity legally entlued to it after any perfomiance conditrons have been met, the amount& ¢on te measuied reliably. and il is probable that Income 11 be received. Cash donations are wognised on receipL Olher donallon8 are r8cc3nlsed once th8 charity has been nollfied of the donation, unle$$ p8rfomiance conditions require deferral of the amount. Income tax recoverable in relation lo donation$ received under GiftAid or deeds of covenant is recognised al the time of the donation.
NEW LIFE CHURCH (REDCAR) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Aecounting pollcles (Contlnugdl Legacies are recognised on receipt or oth8rMse rf the charity has been notifpd of an Impending di8tributicfi, the amount is known, and relpt 15 expected. If the amount is not kn¢)wn, th9 legacy is treated as a ntingent asset. 1.5 Exp•ndlturn xndftre is re¢ognised once there is 8 legal or corbStructwe obllgaticft to transfer economic benefit to Ihlrd party, il Is probable that a transfer of economic ben&tits wll be required in setuement. and the amoLrt of the obligation be measured reliably. Expenditure 18 classified by actlvmy. The costs of each activlty are made up of ts total of dir&t costs and Shared costs, including support costs involved in undertaking each actNty. Dlrect costs atlributae lo a single activty are alloc8led diredly lo that activity. Shared costs vthich contribute to more than one acfrvity and support costs which are not attributable lo a single activity are apportioned betsveen those actitE$ on a bas18 consistent wlh the use of resources. Central staff costs are allocated on the basis of time spent, and depreaation tharges are allocated on th8 Portlon of the asset's Use. 1.6 Tanglbl• flxed assets Tangible fixed assets are Inltially measured al cost and 5ub¥equenly measured at cost or valuath)n. nel ol d8preaation and any impairment losse& Depwats'on Is recognlsed so as lo vfflte off the cost or v81u8tion of ass8ts1gs$ Iheir residual values over thetr Useful Ilve8 on the followng bases.. Freehokl land and bulldin98 Plant and equipment Not D8pteclal8d 10% Redu¢ing Bolance The gain or loss arising on the disposal of an a88et Is detemiined as the difference betsveen the sale proceed5 and the Garrying value of the asset, and Is recognlsed in Ihe statement of financial 8ctivibe$. The building 1$ used for the organisalion's charitable tiv1b'e$, the organisatic believes the value wll not dimlnlsh 8lgnlflc£ntty over Yme. 1.7 Impalrnignt of fixed a88ets Al each reporting end date, the charity reviews the carying amounts of rts tangibl8 assets to determir whether there 1$ any indication that those assets have suffered an impaimient loss. If any such indralion exists. the rewverable amount of the asset Is estlmated in order lo detemiine the extent of the impairment l¢MS lif any}. 1.8 Cash and cash equivalents Cash and cash equivalents Include Cash tn hand. dop05rts held at call banks, other Short-lerni liquid inv85tment8 with oiiginal malurth.es of three months Dr less, and bank overdrafts. Bank overdrafts are sh¢)wn wlthln borrowtrvJs In current liabilities. 1.9 Flnanclal Instrumonts The charity has e19Cted to apply the provision$ of Section 11 'Basic Financi81 Instruments, and Seebon 12 'Olher Financial Instruments Issues, of FRS 102 to all of its finandol InslNments. Financial instruments 8re recognised in the chadtls balance $hogt when the charity bg¢omes party lo the contra¢tual provision8 of the instrument. Financial aBse15 and liabilitie$ aro offset, with the net amounts wesent8d in the finandal statements. when there is a legally enfortsable righl to $91 off the rOgnIsed amounts and there is an intention to setue on a net b881s or to reallse the asset and setue lia'11ty SimultaneouY. 10-
NEW LIFE CHURCH (REDCAR) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollclo8 (Contlnuodl 888k Ilnancl818ssèts Basic fin8nc4al 8sset$, which incfudo debtors and cash and bank balances, are Inltlalty measured 8t ttans8Ction price including transathon costs and are subsequently carried al amortised cost using the effective Interest method unless the arrangement constillrtes a financing transaction, where the transaction 1$ measured al the present value of the future receipts discounted at a market rate of interest. Finandal assets classnSed 88 receivable within ¢Jne year are not amortised. Bask Ilnanclal Mablllfles Basic finandal liabllilies, induding creditors and bank loans are inlllally recognised at transaction price unless the arrangement constitutes a financiry transaction, where the debt tnstrument is measured at Iho present value of the fuiure payments discounted at a market rate of Interest. Finanoal liabilities classlfi&J as payab within one year are not amort158d. Debt instrurnent8 are sub88quenYy ¢arrFed at amorti$ed cost. using the effedve interest rate method. Trade creditus are obligations lo pay for goods or services Ihal have been acquired in the ordln8ry course of oper*ions from suppliers. AmoJnts payable are das$ffigd a$ current liabilities if payment Is due within one yeor 01 less. If not, thty are presented as nonrfurrent liabilities. Trade creditors ar8 racognised inibally al transaction price 8nd subwu8ntfy mea8Ufed al amortised cost using the effective interest method. Dere¢ognltlon of financi•l liabilities Financial liabilities are derecogni8ed when Ihg thartys contractual obligations expire or are distharged OT car$[19. 1.10 Employe• b•nèflts The cost of any unused hollday entrtlement Is reeognised in the Feriod in which tho employee's Se1 afe recaved. Termination beneffts are recognised immgdialely as an expense when Ihe charity 1$ d&mon8trabty committed to terminate the employment of an employee or lo proNid8 t8rn1inalion benefits. 1.11 Retlrem8nl b•nefft8 Payments lo defined contribution retirement benefit schemes ar8 charged as an expense as they fall duè. Donations and 1ogaci8s Unmtrictsd Unrgstrlct fund8 funds 2026 2024 Offerings HMRC., GiftAid rebate 60.271 10.518 55,6C6 7,051 79,789 62,657 11
NEW LIFE CHURCH (REDCAR) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitable actlvltles Unrestrietod Unrn8triGtod funds funds 2025 2024 Coffee bar Room hire 4.221 1,140 3,653 1,020 5,361 4.673 Investmonts Unrestrlctod Unrestricted funds funds 2026 2024 Interest recetvable 3,179 ¢harltable actlvltles Unrn8trlctgd Unr88trlctsd funds fund$ 2025 2024 Staff costs Repalrs and renewals Rates Utilities Telephone Advertising Sundries 38,862 1.786 695 4,807 423 2,776 352 31,765 1,407 5.352 413 427 191 L 11 Chureh Supplles License6 InsurarKe D¢atIOns Depreciation Independent examiners fee8 Evangellsm 1,269 641 186 1,593 2,805 650 1,296 787 1,783 1,098 1,357 1,355 878 57,637 48,192 57.637 48,192 12-
NEW LIFE CHURCH (REDCAR) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Tru$ts•s Nong of the Trustees lor any persons conn8cted with them) rece6ved any remuneration, èeneffts or e>penses from the ch8rity during the year. Employe08 The average monthly Nmber ofemployees during the year was.. 2025 Number 2024 Number Employm8nt costs 2026 2024 ges and salaiies Other penslon costs 37,911 951 31,500 265 38,862 31.765 Thère re no employee8 0$9 annu remuneration was more than £60,000. Taxatlon The charity Is exempt from tsx on income and gains falling within section 505 of the TaxesAct 1988 or sgctlon 252 of the T8xalionof Chargeable Gains Act 1992 to Ihe extent that these are applied lo 118 charitablo objects. Tanglble flxed agsets Frn•hold land and bulklSn Plant and •qulpm•nt Totsl Cost At 1 April 2024 Addition8 768.788 e,743 9.098 11.522 77S,886 18,265 At 31 Marth 2025 773.531 20,620 794.151 D8prnciation and impalmiont At 1 April 2024 Depreclation charg9d In the year 3,114 1,357 3,114 1,357 At 31 Marth 2025 4,471 4,471 Carylng amount At 31 Marth 2025 773,531 16,149 789,880 At 31 March 2024 766,766 5,984 772,772 13-
NEW LIFE CHURCH (REDCAR) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 10 Crodltors.. amounts f411ing dug wllhln one year 2025 2024 Other taxation ar sctial $eGwty Other creditors A¢¢ruals and deferred income 707 220 1,132 2,511 2,059 4,155 11 Relat•d party trnnsacion8 There waro no discfo8ib related paty transactions durfng the year12024 . none). 14-