## 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
- (eg. trust deed, constitution)
CIO How the charity is constituted
- (eg. trust, association, company)
Elected by agreement of all Trustees Trustee selection methods
- (eg. appointed by, elected by)
## **Additional governance issues (Optional information)**
You **may choose** to include additional information, where relevant, about:
- policies and procedures adopted for the induction and training of trustees;
- the charity’s organisational structure and any wider network with which the charity works;
- relationship with any related parties;
- trustees’ consideration of major risks and the system and procedures to manage them.
## **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)**
- Active youth programme as they meet regularly to strengthen their faith and give them a safe space to ask questions that are relevant to their Christian growth;
- Run a ministry for single parents, called Fresh Start;
- A Seniors’ Ministry to assist the elderly with their needs (physical, emotional, mentally & spiritually);
- Provide a social arm in the form of a Netball Club for mothers and daughters, which strengthens families and community life.
- Encouraging members to actively share their faith;
## **Additional details of objectives and activities (Optional information)**
You **may choose** to include further statements, where relevant, about:
- policy on grant-making.
- policy programme related investment;
- contribution made by volunteers.
## 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:
- the charity’s principal sources of funds (including any fundraising);
- how expenditure has supported the key objectives of the charity;
- investment policy and objectives including any ethical investment policy adopted.
## **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.
- a) Going concern
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:
- i) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.
- ii) The charity relies on volunteers to carry out many of its activities, however, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.
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
- Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.
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.
- d) 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. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. Endowment funds are donations that are retained as capital in accordance with the donor's wishes. The nature of the restriction determines whether the endowments represent permanent endowments or expendable endowments.
## 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:
- i) The annual depreciation charge for property, plant and equipment is sensitive to changes in the estimates for useful economic life and residual value. These estimates are reassessed annually and, when necessary, adjusted to reflect current circumstances.
- ii) The constructive obligation for grants payable is based on an assessment of the likely duration of the supported activity. Again this estimate is re-assessed annually and the obligation is adjusted to reflect current expectations.
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:
- a) received donations totalling £156,615 (2024: £157,514) funded by related parties (which includes trustees, anyone closely connected to them and key management).
In addition to the payments disclosed in note 7, during the year the charity also made the following payments to, or for, related parties:
- a) Wawira Johnston, who is closely related to Jared Johnston and Eric Johnston, who are trustees of the charity, received employment benefits totalling £31,471 (2024: £28,570) for providing services to the church.
- b) Caroline Chalkley, who is closely related to Clive Chalkley (a trustee), received employment benefits totalling £37,252 (2024: £33,759) for services to the church.
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