Charity number: 1179017
NEW LIFE CHURCH EMERSON PARK
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
NEW LIFE CHURCH EMERSON PARK
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 5 |
| Independent examiner's report | 6 - 7 |
| Statement of financial activities | 8 |
| Balance sheet | 9 |
| Notes to the financial statements | 10 - 16 |
NEW LIFE CHURCH EMERSON PARK
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JULY 2025
Trustees Olusheyi Oriade, Chair Ernest Akwenuke, Trustee Olayiwola Akwenuke, Trustee
Charity registered number 1179017 Principal office 198 Lodge Lane Grays RM16 2TP Accountants Dean Howard & Co Chartered Certified Accountants Unit F55 Expressway Studios 1 Dock Road London E16 1AH
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NEW LIFE CHURCH EMERSON PARK
TRUSTEES' REPORT FOR THE YEAR ENDED 31 JULY 2025
The Trustees present their annual report together with the financial statements of the Charity for the 1 August 2024 to 31 July 2025.
Objectives and activities
a. Policies and objectives
The objects of the CIO are
(a) The advancement of the Christian faith by such means as the charity trustees may consider appropriate and in particular (though not by limitation) by conducting, organising or undertaking evangelistic work in various ways to the local community and other place in the United Kingdom and at the discretion of the charity trustees elsewhere.
(b) To help young people especially but not exclusively through leisure time activities, so as to develop their capabilities that they may grow to full maturity as individuals and members of society.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Strategies for achieving objectives
Carrying out Christian Faith Services and Activities
c. Activities undertaken to achieve objectives
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Weekly Christian Fellowship
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Weekly Community Coffee Morning Outreach
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Evangelism
d. Main activities undertaken to further the Charity's purposes for the public benefit
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Children's Activity
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Community Choir
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MS Support Initiative
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NEW LIFE CHURCH EMERSON PARK
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025
Achievements and performance
a. Review of activities
The year 2024/25 has been upbeat with members of our organisation demonstrating enthusiasm for the ongoing work we do within the community. We have had the privilege of interacting with more people in the wider Emerson Park area with encouraging responses.
There is still enormous work to do to ensure more people understand and appreciate our mission and objectives for the community.
Ideally we would love to see more individuals fellowship with us from the immediate environs of the church. Our work continues relentlessly and hope to expand our mission to the serve the immediate needs of the community as we have capacity.
Our neighbours continue to be supportive for which we remain grateful.
Our faith in Jesus Christ remains strong and our commitment to the Kingdom work in the community resolute.
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NEW LIFE CHURCH EMERSON PARK
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
The charity aims to retain sufficient reserves to ensure it meets its commitments to providing its services and activities.These reserves are designed to cover a minimum of £1,000.
Structure, governance and management
a. Constitution
New Life Church Emerson Park is a registered charity, number 1179017, and is constituted under a Trust deed.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. 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.
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NEW LIFE CHURCH EMERSON PARK
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025
Approved by order of the members of the board of Trustees on 4 June 2026 and signed on their behalf by:
Ernest Akwenuke
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NEW LIFE CHURCH EMERSON PARK
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JULY 2025
Independent examiner's report to the Trustees of New Life Church Emerson Park ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 July 2025.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed:
Dated: 4 June 2026
Dean Dairo FCCA Dean Howard & Co
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NEW LIFE CHURCH EMERSON PARK
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025
Chartered Certified Accountants Unit F55 Expressway Studios 1 Dock Road London E16 1AH
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NEW LIFE CHURCH EMERSON PARK
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2025
| Note Income from: Donations and legacies 3 Total income Expenditure on: Charitable activities 4 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2025 £ 26,909 26,909 28,777 28,777 (1,868) 3,685 (1,868) 1,817 |
Total funds 2025 £ 26,909 26,909 28,777 28,777 (1,868) 3,685 (1,868) 1,817 |
Total funds 2024 £ 20,455 20,455 22,657 22,657 (2,202) 5,887 (2,202) 3,685 |
|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 10 to 16 form part of these financial statements.
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NEW LIFE CHURCH EMERSON PARK
BALANCE SHEET AS AT 31 JULY 2025
| Note Tangible assets 7 Current assets Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 8 Net current liabilities Total assets less current liabilities Net assets excluding pension asset Total net assets Charity funds Unrestricted funds 9 Total funds |
6 6 (1,395) |
2025 £ 3,206 3,206 (1,389) 1,817 1,817 1,817 1,817 1,817 |
371 371 (961) |
2024 £ 4,275 4,275 (590) 3,685 3,685 3,685 3,685 3,685 |
|---|---|---|---|---|
The financial statements were approved and authorised for issue by the Trustees on 04 June 2026 and signed on their behalf by:
Olusheyi Oriade
The notes on pages 10 to 16 form part of these financial statements.
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NEW LIFE CHURCH EMERSON PARK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
1. General information
The charity is registered in England. The address of the registerd office is given in the charity information page of these financial statements.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
New Life Church Emerson Park meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
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NEW LIFE CHURCH EMERSON PARK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
2. Accounting policies (continued)
2.4 Tangible fixed assets and depreciation
Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
| Fixtures and fittings | - | 25% on a reducing balance |
|---|---|---|
| Equipment | - | 25% on a reducing balance |
2.5 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.6 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.7 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.8 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
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NEW LIFE CHURCH EMERSON PARK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
3. Income from donations and legacies
| Donations Total 2024 |
Unrestricted funds 2025 £ 26,909 20,455 |
Total funds 2025 £ 26,909 20,455 |
Total funds 2024 £ 20,455 |
|---|---|---|---|
4. Analysis of expenditure on charitable activities Summary by fund type
| Charitable activities Total 2024 Analysis of expenditure by activities Charitable activities Total 2024 |
Unrestricted funds 2025 £ 28,777 22,657 Support costs 2025 £ 28,777 22,657 |
Total 2025 £ 28,777 22,657 Total funds 2025 £ 28,777 22,657 |
Total 2024 £ 22,657 |
|---|---|---|---|
| Total funds 2024 £ 22,657 |
|||
5. Analysis of expenditure by activities
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NEW LIFE CHURCH EMERSON PARK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
5. Analysis of expenditure by activities (continued)
Analysis of support costs
| Depreciation Printing, postage and stationery Telephone and internet Light and heating Water rate Repairs and maintenance Computer costs Sundry expenses Insurance Accountancy fees Bank charges Cleaning Honorarium Community help Hospitality Rent Training Volunteers' costs Books and journals Church events Church publicity Total 2024 |
Activities 2025 £ 1,069 130 1,473 3,507 435 2,401 126 379 460 1,440 39 143 950 1,400 - 9,983 729 3,330 72 561 150 28,777 22,657 |
Total funds 2025 £ 1,069 130 1,473 3,507 435 2,401 126 379 460 1,440 39 143 950 1,400 - 9,983 729 3,330 72 561 150 28,777 22,657 |
Total funds 2024 £ 1,425 624 1,118 2,853 428 42 209 176 376 780 10 139 - 1,700 96 6,816 922 3,477 69 519 878 |
|---|---|---|---|
| 22,657 | |||
6. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .
During the year ended 31 July 2025, no Trustee expenses have been incurred (2024 - £NIL) .
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NEW LIFE CHURCH EMERSON PARK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
7. Tangible fixed assets
| Cost or valuation At 1 August 2024 At 31 July 2025 Depreciation At 1 August 2024 Charge for the year At 31 July 2025 Net book value At 31 July 2025 At 31 July 2024 8. Creditors: Amounts falling due within one year Accruals and deferred income |
Fixtures and fittings £ 5,000 5,000 2,891 527 3,418 1,582 2,110 |
Equipment £ 4,223 4,223 2,058 541 2,599 1,624 2,165 2025 £ 1,395 |
Total £ 9,223 9,223 4,949 1,068 6,017 3,206 4,275 2024 £ 961 |
|---|---|---|---|
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NEW LIFE CHURCH EMERSON PARK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
9. Statement of funds
Statement of funds - current year Balance at 1 Balance at August 2024 Income Expenditure 31 July 2025 £ £ £ £ Unrestricted funds General Funds - all funds 3,685 26,909 (28,777) 1,817
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NEW LIFE CHURCH EMERSON PARK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
9. Statement of funds (continued)
Statement of funds - prior year
| Balance at | ||||
|---|---|---|---|---|
| 1 August | Balance at | |||
| 2023 | Income | Expenditure | 31 July 2024 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General Funds - all funds | 5,887 | 20,455 | (22,657) | 3,685 |
10. Summary of funds
Summary of funds - current year
| Balance at 1 August 2024 £ General funds 3,685 Summary of funds - prior year Balance at 1 August 2023 £ General funds 5,887 |
Income £ 26,909 Income £ 20,455 |
Expenditure £ Balance at 31 July 2025 £ (28,777) 1,817 Expenditure £ Balance at 31 July 2024 £ (22,657) 3,685 |
Expenditure £ Balance at 31 July 2025 £ (28,777) 1,817 Expenditure £ Balance at 31 July 2024 £ (22,657) 3,685 |
|---|---|---|---|
| Balance at 31 July 2024 £ 3,685 |
11. Members' liability
Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £1 for the debts and liabilities contracted before he/she ceases to be a member.
12. Related party transactions
The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 July 2024.
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