Newlife Church. Palmers Green Annual Report and Financial Statements The trustees present their report and financial statements for the year ended 30 April 2024 Reference and adminIstr1ve detalls Newlife Churth, Palmers Green I'Newlife'l is a charitable incorporated organisation with charity registration number 1180315. Address of the principal office= Newlife Church, Palmers Green Newlife Christian Centre 211 Green Lane5 London N134UH Trustees: Rani Danaka Prasanth Kumar Patancheru Johnwesley Caroline Kingham Philip Kingham Bruce McGill Matthew Rawding Brian Shearer Ruth Rawding Madhu Amruth Raju Udu Ruth Rawding and Madhu Amruth Raju Udu were appointed as trustees on 15 May 2023. Rani Danaka and Pra5anth Kumar Patancheru Johnwe51ey retired as trustees on 17 October 2023. Governan Newlife is governed by its constitution as a charitable incorporated organisation ICIOI, under which it was registered as a charity on 15 October 2018. The trustees are responsible for appointing any new trustee5. Newlife's Leadership team, all of whom are currently trustees, meet every 3 or 4 weeks, to review and organise Newlife's activities, planning, finance5 and administration.
Objectives and artlvltles In brief, the objerts of the CIO are, for the public benefit= the advancement of the Christian faith- and the relief of persons in any part of the world who are in need. Newlife holds Sunday morning worship services at Newlife Christian Centre, which are open to all who wish to coine to worship God or to learn more about the Christian faith. There are age-related groups for children on Sunday mornings, and youth meetings and Bible studies at other times. There are also life groups held online, in the Centre or in church members, houses during the week, where the Bible is Studied and the Christian life exercised in prayer, worship and support. Other Christian exploration courses, such as Alpha and Freedom in Christ, are run from time to time. In the Centre. Newlife joins with other local churches in an initiative called Mustard Seed. to provide hot meals to local people who strLFggle to fee(1 themselves. Newlife also run a weekly toddler group for local parents and toddlers to attend. Team5 go out fTom Newlife onto the streets of Palmers Green to di5CU5s life and matters of faith with local residents. Other teams visit people in local sheltered housing to meet residents and show God's love to them. Newlife gave financial support to work in the Enfield area including drug rehabilitstion, youth work and street pastor attivity. Support was also given to missional activity in the UK, India and Moldova. Gifts were giver7 to those locally who were in financial need. The trustees believe that Newlife's activities are within the charitvs objects and bring benefits, both to Christians and to the local people of Palmers Green, Enfield and beyond, and that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission. Operatlons revlew During the year it was decided to pause the English language classes that had been provided in the building. This was due to limited numbers of volunteers with the right skills and experience. It is hoped that the classes can be resumed at some point in the future when the volunteers required are available. The Mustard Seed and Toddler group ministrie5 continue to thrive and provide a valuable service to the local community. A weekly prayer meeting has also added to the life of the Church. The Church building is used on a regular basis to host activities in support of the charity's objectives. Away from the Church building, regular Life Group meetings continue in the homes of Church members. These meetings and activities are supplemented by conferences and events for youth and young adults. The Church also works closely with a network of other local churches to share resources and to support the pursuit of common objectives and missional focus. Information about our activities can be found on our website www.newlifepalmersgreen.org.uk.
Flnanclal Revlew The trustees have prepared receipts and payments accounts for the year to 30 April 2024, which are presented below, together with a statement of assets and liabilities as at 30 April 2024. The costs of running the Church have included the installation of new windows in the Church sanctuary, a conference trip for the youth and a mission trip to India. Giving to the church has increased steadily. The outcome is an end of year surplus. Newllfe C17urch, Palmers Green Recelpts and payments account for the yearended 30April 2024 Unr•strl¢ted Fund5 Restrlcted Funds Totsl Funds 2023124 Totsl Funds 2021123 Recelpts Donatlons Rental income GiftAd Other Income Bank interest received Total Recelpts 119,899 12,762 27,295 2,796 262 24,221 144.121 12.762 30,068 2,796 262 116,767 13,542 12,332 2,773 163,015 26,994 190.1x19 142,641 Payments Church running costs Activities Giving Total Payments 115,859 7,436 13,300 136,595 27,064 2,438 4,331 33.833 145.923 9,874 17,631 173,428 117.714 10,395 34,050 162.159 Surpiusl Ideflcltl forthe year 26.420 16,8401 16,581 119,518) Newlife Church, Palmers Green Statement of assets and liabilities at 30 Aprll 2024 Unrestrlcted Funds 80,170 17 Restrlcted Funds Total Funds 2023124 Total Funds 2022123 Bank balance Cash in hand Total monetary assets 1281 80,198 17 63,339 296 80,187 128} 80,215 63.634
Newiife Church. Palmers Green Restricted Funds Balance l May 2023 6,828 Income Balance 30Apr 2024 16 Expendlture Iranian Community Outreach Moldova Support Membersupport Mission Trips Conferences & Weekends Away Windows Project Total Restricted Funds 6,812 40 4,291 11,280 2,438 8,972 33,833 4.291 11.293 2.438 8,972 26.994 13 28 Notes to the accounts Newlife has been in operation as a church since 2012, initially as a church plant from Chase Family Church in Enfield. Since 2015 Newlife has met for Sunday worship in the former Baptist Church building at 211 Green Lanes in Palmers Green. Newlife was invited by the Bapt15t authorities to lease the building, and has done so from early 2019, calling the building Newlife Christian Centre. Assets and liabilities Newlife leases the building it operates from, and therefore does not regard investment in it as an asset for accounting purposes, olthough Newlife spends money on improvements to it. Owned assets are principally chairs and tables, sorne PA equipment, some kitchen equipment, and resource5 for the activities carried out. There was no liability outstanding due to debt or guarantee at 30 April 2024. Reserves poliry The trustees, policy is to retain reserves of at least two months of normal expenditure. Due to consistent donations, but lower costs throughout COVlD-19, a healthy reserve was created which enabled Newlife to make gifts to those in a financial crisis, and to organisations that supported those in need. Trustees, remuneration None of the trustees are paid for their services as trustees. Three trustees have been paid during the year for providing services to Newlife, as follows= Caroline Kingham £20,238 Operations Manager1£17,785 in previous yearl Philip Kingham £25,654 Church Team Leader1£22,544 in previous yearl Bruce McGill £19,578 Associate Pastor1£9,225 in previous yearl
Approval of report The annual report and financial statements were approved by the trustees on 30 July 2024 and signed on their behalf by Philip Kingham and Matthew Rawding. Philip Kin Trustee 30 July 2024 atthew Rawding Trustee
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Roport to the trustoèsl mombers of JLty)L{fr£ cdLAQcfrf, fb LH So AfLIL 2oif On accounts for the year ended harity no Ilf any) Set out on pages I report to tho trustees on my examination of the accounts of the above charity (Ihe Trusfl for the year ended So l Oy I Zo R•sponsibllltles and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounls in ac¢onlanGe with the requirements of the Chariknes Act 2011 {"the Act"). I report in respect of my examination of the Trust'8 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 Charty Commlssion under section 14515llbl of the Act. I have completed my examination. I confimi that no material m8tters hav8 comè to my attention ( ') In connection with the examination which gFves me cause to bellevé that in. any material respect.. accounting records were not kept tn a¢¢ordance wlth section 130 of the Act or the accounts do not accord with the accounting records Independent examlnerfs statsment I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order lo enable a proper understanding of the accounts lo be reached_ ' Please delete th8 words in the brackets rfthey do not appty. Slgned: Datè: Nam•: LuFi14 LIjL5y Rglovant professlonal quallfl¢ation(s) or body (if any): ASSOC iefif& C F¥ALY&ll Ikcoutsi 7ftNT C[CA&' Addro8S: tvT)oTrJ IER October 2018
So¢tion B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity a¢counts.' directions and guidance for examlners). Glvè hgrg brlof datails of any Items that the examiner wishes to disclose. IER Oclobèr 2018