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2025-01-31-accounts

New Life Bible Church

Report and Accounts Period ended 31 January 2025

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

NEW LIFE BIBLE CHURCH

CHARITY INFORMATION

FOR THE PERIOD ENDED 31 JANUARY 2025

Trustees Rev Eric Johnston (Chairman) Rev Eric Johnston (Chairman)
Clive Chalkley resigned 20 October 2025
Sybil Coppin-Babajide
Jason Holmes
Jared Johnston
Raymond Lawson
Tochukwu Kanu
Yvonne Ellis appointed 11 December 2024
Lazar Der Gregorian appointed 11 December 2024
Key Staff Rev E L Johnston and Mrs M Johnston
Governing Document CIO Constitution dated 18 March 2019
as amended on 19 April 2022
Charity Registration Number 1182503
Principal Address 48 Hawthorne Avenue
Ruislip
Middlesex
HA4 8SS
Independent Examiner Archie McDowall BA, CA
Stewardship
1 Lamb's Passage
London
EC1Y 8AB
Bankers Barclays Bank plc
Contents Page
Charity Information 1
Trustees' Annual Report 2-6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Accounts 10-17
Detailed Statement of Financial Activities with Comparatives 18

Page 1

‘‘

Trustees' Annual Report for the period

Trustees' Annual Report for theperiod Trustees' Annual Report for theperiod Trustees' Annual Report for theperiod Trustees' Annual Report for theperiod Trustees' Annual Report for theperiod Trustees' Annual Report for theperiod Trustees' Annual Report for theperiod Trustees' Annual Report for theperiod
From Period start date To Period end date
Day
01		 Month
02		 Year
2024		 Day
31		 Month
01		 Year
2025

Section A Reference and administration details

Charity name New Life Bible Church

Other names charity is known by NLBC Registered charity number (if any) 1182503

1182503 1182503
C/o 48 Hawthorne Avenue
Ruislip
Middlesex
Postcode HA4 8SS

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10		 Trustee name Office (if any) Dates acted if not for
whole year		 Name of person (or body)
entitled to appoint
trustee (ifany)
Mr Eric Johnston Chairman/Trustee
Mr Clive Chalkley Trustee resigned 20/10/2025
Mrs Sybil Coppin-Babajide Trustee
Mr Jason Holmes Trustee
Mr Jared Johnston Trustee
Mr Tochukwu Kanu Trustee
Mr Raymond Lawson Trustee
Miss Yvonne Ellis Trustee Newly Appointed 11/12/24
Mr Lazar Der Gregorian Trustee Newly Appointed 11/12/24
Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year

Names and addresses of advisers (Optional information)

Page 2

Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document

CIO Foundation Constitution

CIO How the charity is constituted

Elected by agreement of all Trustees Trustee selection methods

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

Section C Objectives and activities

Summary of the objectives of the charity set out in its governing document

(1) To advance the Christian faith by promoting spiritual renewal among individuals and churches through appropriate training or opportunities to meaningfully engage in the service of the Gospel, including rallying together for public events of prayer and worship of city-wide festivals to enlighten others about Jesus Christ, in accordance with the statements of belief and doctrine appearing in the Schedule, for the benefit of public, in England, Wales or abroad.

(2) To prevent or relieve poverty anywhere in the world by providing grants, items, and services to individuals in need and/or charities or

Page 3

organisations assisting with the provision of education, training, healthcare projects, and all the necessary support designed to enable individuals to generate a sustainable income and to be self-sufficient.

Summary of the main In planning the activities, the Trustees have applied the guidance on activities undertaken for the public benefit issued by the Charity Commission and thus the church public benefit in relation to continues to; these objects (include within this section the statutory  Provide Sunday worship services, Wednesday night & Saturday declaration that trustees have morning Bible classes where the Gospel of Christ is shared, and had regard to the guidance individuals are encouraged to be active in their faith; issued by the Charity  Active youth programme as they meet regularly to strengthen Commission on public their faith and give them a safe space to ask questions that are benefit)

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

Section D Achievements and performance

Page 4

Section D Achievements and performance

Summary of the main We continue having services at the temporary location @ Holy Trinity achievements of the charity Wealdstone, as well as facilitating monthly meetings via zoom. during the year We have had various events within our community network of churches, such as Churches Together, Good Friday Walk of Witness March (Mar 2024) and Evangelism Outreach Days in Wealdstone (Apr, Dec 2024). Our Single Parents Pastor (SPP), who heads up Fresh Start, our Single Parents’ Ministry, continued to facilitate prayer for the community on Tuesday mornings and Bible studies on Thursday evenings. A monthly afternoon tea initiative was introduced this year to foster fellowship, prayer and support amongst the church/community. The SPP organised a day trip to Bournemouth, for single parents and their children (Aug 2024). Fresh Start also partnered with Family Holiday Trust to enable some single parents and their families to enjoy a holiday break. Our SPP has also advocated for single parents in the church/community in terms of their housing and supporting them with the appropriate advice and benefits that they are entitled to. Our youth group had meetings (bi-weekly) on Sundays where the Word of God and Christian values was deposited into their lives. They also had a variety of social events, periodically throughout the year. Our men & women’s ministries were also active in hosting various meetings, as well as social events. Our Junior Church teachers attended a conference in Eastbourne in Feb 2024 to get ideas and tips and be refreshed. A special 40 Year Celebration of New Life’s History as a Church/Organisation was enjoyed over two days, with past members being invited back for the event (Oct 24). A Netball Awards Event, celebrating the achievements of individuals in the club for the year (Oct 2024). Various ministry trips to Adjumani (Mar 2024), Uganda Unity Conference (Aug 2024), South Africa (Dec 2024) to support and strengthen Pastors and churches we have partnered with over the years. Our last event for the year end was our annual corporate prayer and fasting week (January 2025).

Section E Financial review

Brief statement of the The Trustee’s policy on reserves at the end of the year is to have at least charity’s policy on reserves a yearly average of one month’s income in the accounts. Going forward, to maintain a surplus for future years, we will adopt a workable procedure to ensure that our reserves are more than a month’s income and that we do not have a deficit balance at the end of the year. Details of any funds materially in deficit

Page 5

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees

Signature(s) Jason Holmes Jason Holmes (Nov 25, 2025 11:49:27 GMT)

Full name(s) Jason Holmes

Position (e.g. Secretary, Chair, Trustee etc)

Date Nov 25, 2025

Page 6

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

NEW LIFE BIBLE CHURCH ('the Charity')

I report to the charity trustees on my examination of the accounts of the Charity for the period ended 31 January 2025 on pages 8 to 18 following, which have been prepared on the basis of the accounting policies set out on pages 10 to 11.

Responsibilities and basis of report

As the charity’s trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAS, which is one of the listed bodies.

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:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. 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.

Archie McDowall

Archie McDowall (Nov 25, 2025 16:10:00 GMT)

Archie McDowall BA, CA Institute of Chartered Accountants of Scotland

Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: Nov 25, 2025

Page 7

NEW LIFE BIBLE CHURCH

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE PERIOD ENDED 31 JANUARY 2025

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income and endowments
EXPENDITURE ON:
Charitable activities
6
Total expenditure
Net income/(expenditure)
Transfers between funds
13
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
13		 Unrestricted
Combined
Funds
£
305,009
-
1,681
306,690
322,959
322,959
(16,269)
(29,697)
(45,966)
111,538
65,572		 Restricted
Combined
Funds
£
23,473
350
164
23,987
49,875
49,875
(25,888)
29,697
3,809
82,533
86,342		 Total
Total
Funds
Funds
Combined
Trust
2025
2024
£
£
328,482
393,298
350
1,120
1,845
862
330,677
395,280
372,834
332,604
372,834
332,604
(42,157)
62,676
-
-
(42,157)
62,676
194,071
131,395
151,914
194,071

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The notes on pages 10 to 17 form part of these accounts.

Page 8

NEW LIFE BIBLE CHURCH

BALANCE SHEET

AS AT 31 JANUARY 2025

Note
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Debtors
9
Cash at bank and in hand
10
CREDITORS: Amounts falling
due within one year
11
Net current assets / (liabilities)
Net assets / (liabilities)
TOTAL NET ASSETS
FUND BALANCES
13
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 General
Designated
Funds
Funds
£
£
-
-
-
-
2,814
-
10,487
62,471
13,301
62,471
10,200
-
3,101
62,471
3,101
62,471
3,101
62,471
3,101
-
-
62,471
3,101
62,471
-
-
3,101
62,471
Unrestricted Funds		 Restricted
Funds
£
-
-
-
86,342
86,342
-
86,342
86,342
86,342
-
-
-
86,342
86,342		 Total
Funds
2025
£
-
-
2,814
159,300
162,114
10,200
151,914
151,914
151,914
3,101
62,471
65,572
86,342
151,914		 General
Designated
Funds
Funds
£
£
-
-
-
-
3,591
-
42,484
73,854
46,075
73,854
8,390
-
37,685
73,854
37,685
73,854
37,685
73,854
13,679
-
-
97,860
13,679
97,860
-
-
13,679
97,860
Unrestricted Funds		 Restricted
Funds
£
-
-
-
82,533
82,533
-
82,533
82,533
82,533
-
-
-
82,533
82,533		 Total
Funds
2024
£
-
-
3,591
198,871
202,462
8,390
194,071
194,071
194,071
13,679
97,860
111,539
82,533
194,071

The financial statements were approved by the Board of Trustees and were signed on its behalf by:

Jason Holmes

Jason Holmes (Nov 25, 2025 11:49:27 GMT)

_________ Jason Holmes

Nov 25, 2025

_________ DATE

Charity number: 1182503

The notes on pages 10 to 17 form part of these accounts.

Page 9

NEW LIFE BIBLE CHURCH NOTES TO THE ACCOUNTS

FOR THE PERIOD ENDED 31 JANUARY 2025

1 Statutory Information

The charity is trust registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

The principles adopted in the preparation of the financial statements are set out below.

The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

b) Income Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes:

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects.

Investment income represents income generated by the charity's assets and includes income from letting the charity's property and bank interest.

Page 10

NEW LIFE BIBLE CHURCH

NOTES TO THE ACCOUNTS

FOR THE PERIOD ENDED 31 JANUARY 2025

c) Expenditure

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

The cost of raising funds is not significant and has not been separately disclosed.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

e) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Equipment Over 3 to 7 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Leased assets

Leases which do not transfer substantially all the risks and rewards of ownership to the charity are classified as operating leases. Operating lease payments are recognised as an expense on a straight-line basis over the lease term (unless another systematic basis is more representative of use).

g) Pension scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

h) Taxation

The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

i) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

j) Critical accounting estimates and areas of judgement

ln preparing financial statements certain judgements, estimates and assumptions have to be made that affect the amounts recognised in the financial statements. The trustees consider the following to be significant:

Page 11

NEW LIFE BIBLE CHURCH

NOTES TO THE ACCOUNTS

FOR THE PERIOD ENDED 31 JANUARY 2025

3 Donations and legacies Unrestricted Restricted Total Total
Funds Funds 2025 2024
£ £ £ £
Donations of cash and similar 175,256 19,312 194,568 218,311
Donations in kind - -
Other grants receivable 91,856 4,161 96,017 135,423
Legacies receivable - -
Income tax recoverable 37,897 - 37,897 39,564
305,009 23,473 328,482 393,298
4 Income from charitable activities Unrestricted Restricted Total Total
Funds Funds 2025 2024
£ £ £ £
Fresh Start trips - 350 350 1,120
- 350 350 1,120
5 Investment income Unrestricted Restricted Total Total
Funds Funds 2025 2024
£ £ £ £
Other income 1,681 164 1,845 861
1,681 164 1,845 861
6 Charitable expenditure Unrestricted Restricted Total Total
Funds Funds 2025 2024
£ £ £ £
a Costs incurred directly on specific activities
Employment costs 249,634 - 249,634 230,434
Property costs:
Rent 16,318 - 16,318 10,847
Utilities - - - -
Other building costs 161 - 161 134
Church activities 16,875 - 16,875 24,467
Work with children and youth 4,743 - 4,743 2,624
Fresh start ministries - 8,358 8,358 10,363
Mission activities 6,696 20,198 26,894 3,008
Telephones 2,240 - 2,240 1,866
Grants payable Note 6c 17,305 21,319 38,624 39,181
313,972 49,875 363,847 322,924
b Costs incurred on support & administration
Governance costs 5,134 - 5,134 4,744
Office and support costs 3,853 - 3,853 4,287
Depreciation of tangible fixed assets - - - 648
8,987 - 8,987 9,680
Total expenditure 322,959 49,875 372,834 332,604
The fee payable to the independent examiner for preparing and examining the accounts was £3,000 (2024: £3,000); in addition the
charity paid £200 (2024: £200) to Stewardship for consultancy fees. No other fees to Stewardship for any other services.
c Grants payable Institutions Individuals 2025
£ £ £
Grants for local support 361 11,610 11,971
Grants for mission support 18,030 8,623 26,653
18,391 20,234 38,625

Page 12

NEW LIFE BIBLE CHURCH

NOTES TO THE ACCOUNTS

FOR THE PERIOD ENDED 31 JANUARY 2025

The comparatives for the previous year are as follows:
Grants for local support
Grants for mission support
The charity's principal grants to institutions comprised:
SIM International [Ghana (previously Kenya)]
DJE International [USA]
Other Institutions, value <£1,000		 Institutions
£
3,000
20,595
23,595		 Individuals
£
1,589
13,947
15,536
2025
£
17,300
280
811
18,391		 2024
£
4,589
34,542
39,131
2024
£
16,815
3,780
-
20,595
7
2025
£
Gross wages and salaries
212,068
Social security
17,444
Pension costs
9,343
238,855
Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses		 2024
£
206,757
15,926
7,751
230,434

The average monthly number of employees during the year was 7 (2024: 7). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise the trustees and the key staff named on the Charity Information page. Total employment benefits payable to key management for the year were as follows:

Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Trustees:
Eric Johnston (CIO trustee)
58,977
-
2,422
Key management connected to trustees:
Merilee Johnston (wife of Eric Johnston)
20,375
-
880
The following amounts were payable in the previous year:
Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Trustees:
Eric Johnston (CIO trustee)
62,057
-
-
Key management connected to trustees:
Merilee Johnston (wife of Eric Johnston)
21,224
-
-		 2025
£
61,399
21,255
82,654
2024
£
62,057
21,224
83,281

Eric Johnston and Merilee Johnston served as church leaders and received the above payments for serving in that capacity, not for serving as trustees; as advised to the Charity Commission on formation of the charity. No other trustees received employment benefits in the current year.

Page 13

NEW LIFE BIBLE CHURCH

NOTES TO THE ACCOUNTS

FOR THE PERIOD ENDED 31 JANUARY 2025

8
Tangible fixed assets
Cost
At 31 January 2024
At 31 January 2025
Accumulated depreciation
At 31 January 2024
Charge for the year
At 31 January 2025
Net book value
At 31 January 2025
At 31 January 2024
9
Debtors
Falling due within one year:
Tax recoverable
Total debtors
10
Cash at Bank and in Hand
Bank operating accounts
11
Creditors: liabilities falling due within one year
Deposits received
Accruals		 Fittings and
equipment
£
82,781
82,781
82,781
-
82,781
-
-		 2025
£
2,814
2,814
2025
£
159,300
159,300
2025
£
-
10,200
10,200		 Total
2025
£
82,781
82,781
82,781
-
82,781
-
-
2024
£
3,591
3,591
2024
£
198,871
198,871
2024
£
-
8,390
8,390

Page 14

NEW LIFE BIBLE CHURCH NOTES TO THE ACCOUNTS

FOR THE PERIOD ENDED 31 JANUARY 2025

12 Pension commitments

During the year employer’s pension contributions totalling £6,741 (2024: £6,741) were payable to defined contribution personal pension schemes.

13 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Mission Fund Kenya/Ghana
Audio Visual
Mission Strategy
Sundry projects
Building fund
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Mission funds (Uganda)
Mission funds (General)
Building fund
Fresh Start
Needy saints fund
Aggregate of funds		 Opening
balance
2025
£
9,794
3,141
18,588
42,331
24,006
97,860
13,678
111,538
-
3,959
72,922
5,651
-
82,533
194,071		 Incoming
resources
2025
£
162
-
-
-
1,519
1,681
305,009
306,690
2,370
68
10
9,309
12,230
23,987
330,678		 Outgoing
resources
2025
£
-
-
-
-
-
-
(322,959)
(322,959)
(27,866)
-
-
(8,719)
(13,290)
(49,875)
(372,834)		 Transfers
in the year
2025
£
(3,201)
(407)
(11,248)
(35,111)
12,897
(37,070)
7,373
(29,697)
25,496
1,911
-
1,230
1,060
29,697
-		 Gains and
losses
2025
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Closing
balance
2025
£
6,755
2,734
7,340
7,220
38,422
62,471
3,101
65,572
-
5,938
72,932
7,471
-
86,342
151,914

Page 15

NEW LIFE BIBLE CHURCH

NOTES TO THE ACCOUNTS

FOR THE PERIOD ENDED 31 JANUARY 2025

In the previous year the movements in the charity's funds were as follows:

Designated Funds
Mission Fund Kenya/Ghana
Audio Visual
Mission Strategy
Sundry projects
Building fund
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Mission funds (Uganda)
Mission funds (other)
Building fund
Fresh Start
Needy saints fund
Crown of Blessing fund
Covid relief fund
Visiting or other ministry
Mission funds (Ghana)
The Margaret de Souza fund
Aggregate of funds		 Opening
balance
2024
£
6,121
4,620
14,919
31,859
-
57,519
28,491
102,345
-
2,132
34,201
8,442
-
5
21
584
-
-
45,386
147,731		 Incoming
resources
2024
£
-
-
-
-
-
-
343,041
343,041
2,862
-
38,721
10,026
215
-
-
-
15
400
52,239
395,279		 Outgoing
resources
2024
£
-
-
-
-
-
-
(300,682)
(300,682)
(16,065)
-
-
(13,363)
(2,079)
-
-
-
(15)
(400)
(31,922)
(332,604)		 Transfers
in the year
2024
£
3,673
(1,479)
3,669
10,472
24,006
40,341
(57,172)
(16,830)
13,203
1,827
-
547
1,864
(5)
(21)
(584)
-
-
16,830
-		 Gains and
losses
2024
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Closing
balance
2024
£
9,794
3,141
18,588
42,331
24,006
97,860
13,678
111,538
-
3,959
72,922
5,651
-
-
-
-
-
-
82,533
194,071

Designated funds

The Mission Fund Kenya/Ghana relates to funds set aside for the purpose of blessing a supported missionary. The Audio Visual relates to funds set aside for the purchase of new equipment.

The purpose of the setting funds aside for the Mission Strategy fund is to use these funds to facilitate any mission trips where we sow into their countries by bringing appropriate ministers to strengthen their ministries. Also to support these ministries with resources and assistance for them.

The Sundry projects fund is available to spendon various church projects at the discretion of the church leaders.

The Building fund relates to funds put aside to assist with a new venue for the church.

Restricted funds

The Mission funds (Uganda) relates to funds donated for the purpose of assisting River of Life Ministries church who we have supported for a number of years in helping them to build a church building in a township area which, when finished, will be a hub and place for community activities.

The Mission funds (other) is for donations provided for other supported missions.

The Building fund relates to funds donated to assist with a new venue for the church.

The Fresh Start fund relates to funds donated for the purpose of supporting the Fresh Start ministry which aims to support those parenting alone.

The Crown of Blessing fund is for members to support specific projects already funded by the church. The visiting or other ministry fund relates to funds donated to bless visiting or other speakers.

The Covid Relief fund relates to funds donated to the church for the relief of those suffering financial hardship resulting from the Covid-19 pandemic.

The 2024 comparative figures have been adjusted to show the designated building fund separately from general funds. Previously designated general building funds were included within general unrestricted funds.

Page 16

NEW LIFE BIBLE CHURCH

NOTES TO THE ACCOUNTS

FOR THE PERIOD ENDED 31 JANUARY 2025

14 Transactions with related parties

During the year the charity:

In addition to the payments disclosed in note 7, during the year the charity also made the following payments to, or for, related parties:

Except as disclosed in note 7 'Analysis of staff costs', there have been no other transactions with related parties during the year.

Page 17

NEW LIFE BIBLE CHURCH

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE PERIOD ENDED 31 JANUARY 2025

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income and endowments
EXPENDITURE ON:
Charitable activities:
6
Total Expenditure
Net income/(expenditure)
Transfers between funds
13
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
13		 2025
2024
£
£
305,009
342,278
-
-
-
763
305,009
343,041
322,959
300,682
322,959
300,682
(17,950)
42,359
7,373
(57,172)
(10,577)
(14,813)
13,678
28,491
3,101
13,678
Unrestricted Funds - General		 2025
2024
£
£
-
-
-
-
1,681
-
1,681
-
-
-
-
-
1,681
-
(37,070)
40,341
(35,389)
40,341
97,860
57,519
62,471
97,860
Unrestricted Funds - Designated		 2025
2024
£
£
23,473
51,020
350
1,120
164
99
23,987
52,239
49,875
31,922
49,875
31,922
(25,888)
20,317
29,697
16,830
3,809
37,147
82,533
45,385
86,342
82,533
Restricted Funds		 Total
Funds
2025
£
328,482
350
1,845
330,677
372,834
372,834
(42,157)
-
(42,157)
194,071
151,914		 Total
Funds
2024
£
393,298
1,120
862
395,280
332,604
332,604
62,676
-
62,676
131,395
194,071

Page 18