OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-03-31-accounts

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE

Charity No. 1182696

Company No. 11871701

Trustees' Report and Unaudited

Accounts

31 March 2025

Pages
Trustees' Annual Report 1 to 8
Independent Examiner's Report 9
Statement of Financial Activities 10
Summary Income and Expenditure Account 11
Balance Sheet 12
Statement of Cash flows 13
Notes to the Accounts 14-19

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE Trustees Annual Report

NEWNESS OF LIFE

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 11871701

Charity No. 1182696

Principal Office as well as Registered Office

24 Piren Green

Silverdale, Newcastle-under-Lyme Staffordshire

ST5 6SX

Directors and Trustees

The Directors of the charitable company are the Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

Dr O. Babatunde, Pst. R. Ibrahim, Pst. A. Ishola, Dr (Mrs.) O. O. Shorun, Miss N. N. Molokwu Directors of Corporate Trustees

Dr Opeyemi Babatunde, Mr. Rasaq Ibrahim, Mr. Adekunle Ishola, Dr (Mrs.) Omotayo Shorun,

Miss Nkechinyelu Molokwu

Company Secretary

D. Shorun

Key Management Personnel

Opeyemi Babatunde Pastor Dominic Shorun Dr (Mrs.) Omotayo Shorun

Accountants

RAK ACCOUNTING SOLUTIONS LIMITED 11 Louvain Close

Manchester M16 8SJ

Bankers

HSBC Crown Bank Hanley Stoke -On- Trent Staffordshire ST1 1D

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE Trustees Annual Report

OBJECTIVES AND ACTIVITIES

RCCG Newness of Life Christian Centre exists to advance the Christian faith in accordance with the doctrines of the Redeemed Christian Church of God. Our mission is to:

Throughout the year, we held regular worship services, Bible studies, prayer meetings, evangelism and community outreach events. Special programs included our annual Newness of Life Word Conference , Youth Empowerment & Career Seminars , NOLCC Summer Olympics, and Christmas Community Lunch / Health Summit for Older Adults .

Pursue activities that allow people in Staffordshire (Newcastle-under-Lyme + 50 miles radius) to express their faith, joy in knowing God and to enact and raise awareness of the love of God in the community; to relieve sickness and financial hardship, and promote and preserve good health by the provision of funds, goods or service of any kind through the provision of counselling and support in such parts of the United Kingdom or the world as the RCCG Council, from time to time thinks fit. The Church provides other charitable services, both to its membership and to the community generally. The aim is to show the love of Jesus Christ in both word and deed and to bring people into a closer relationship with Him as living Lord.

Summary of the main activities in relation to these objectives:

1. Corporate gatherings for worship, prayer, and mutual encouragement.

This is central to the work and witness of the church. We have continued to provide well structured, enjoyable services throughout the year including a series of teaching and enrichment seminars during our Sunday and Wednesday services. Prayer life of the church continues in every service and every Friday evenings provide further opportunities for church members to pray together for God’s leading and offer prayer needs for country, community, households, church family and individuals. This year, the time period of our prayer service on Fridays has again been extended from 45 minutes to 1 hr. In addition, we have started an extended time of prayer vigils (bi-monthly) on Fridays for 2.5 hrs. Our meetings continue to be open to the public and are advertised through our websites and social media handles as open to the wider community.

Livestream and larger followership: All our worship services (Sundays, Wednesdays, and Friday inperson meetings have continued to be live-streamed over zoom and YouTube. This has resulted in an

2

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE

Trustees Annual Report

increasing followership and worship community online. Members who cannot attend in person service occasionally for several reasons such as being at work, or away in the short term from Newcastleunder-Lyme have also been able to continue to join or catch up on worship on live or later demand. This hybrid mode of worship for all our services has enabled the church to:

NOLCC Connect Groups / Ministry teams.

The connect groups that were set up in the previous reporting year, which helped people to stay connected and feel connected, are thriving and continue to grow. For instance, the married couple’s fellowship has increased in capacity with membership strength of up to 60 couples (45% of these have recently joined the church membership). The Ministry, through an increasingly flourishing worship team, has now held three worship Sundays which were widely publicized, well attended by wider members of the community and well commended.

The Multimedia team has increased in capacity and requires more resources to support our livestream and media productions, and publicity strategy. The new church website, which was successfully launched in the last reporting year, was led by an in-house team and has continued to gain traction, leading new members to the church. The evangelism ministry has also been actively reaching out with the gospel consistently within the local community. We have successfully launched winter, spring, and summer evangelism campaigns. The team has expanded, and we had two special outreaches (Christmas and Easter) on the high street. Evangelism activities now take place during the week with consistent teamwide outreach once every month.

The youth group experienced tremendous growth in number and activities. In the reporting year, capacity increased to twenty-five, and we have had seminars and social events to promote spiritual, physical, and emotional development of young people in the church. The highlight of the year for the youth group remained the 5-day camping retreat at Staffordshire showground in August 2023, where our youth group joined over four thousand young people Nationally. ~21 young people attended from Newness of life Christian Centre including (non-member) youths sponsored by the church. Similar to last year, the young people from church who attended had dedicated youth Sundays to de-brief their very enjoyable life changing experiences and spiritual encounters to the whole NOLCC church family.

2. Children Ministry

3

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE Trustees Annual Report

which are supported by volunteer children’s ministry staff in line with guidance and ratios specified in our policies.

Our membership has been well cared for. We continue to offer practical help and support to the church family and larger community by helping with food shopping where needed. We have also provided transport support to young people/university students to be able to attend services. The ministry gained three newly ordained ministers as deacons and deaconess in October 2023.

4. Annual Conference & Training

We continue to work to equip members of our congregation with the skills and knowledge to live out their Christian faith, participate effectively in the life and ministry of the church. The last quarter of the reporting period, we ran 6 empowerment series/skills sessions for church members which were open to the public.

5. Community engagement & social responsibility and advocacy

The Church continues to play an active part in the life of the community, by donating to food banks and supporting the distribution of food to the less privileged in association with the Alice Charity and Newcastle-under-Lyme food bank. In addition, the church ran an in-house food bank

(non-perishable items) for members and the community.

4

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE Trustees Annual Report

The church has continued engagement with council officials and councilors to network and raise awareness about our charitable work but most importantly to offer help with key issues. NOLCC continues to engage with other churches within the community including Cornerstone Elim Church, St George’s Church, Newcastle Baptist Church, The Chinese Fellowship, and the India Fellowship.

7. Mission abroad

As with previous years, we continue to recognize and develop our part in God’s wider mission not only locally, but nationally and internationally, both within the RCCG and across denominational boundaries. We continue to support other RCCG initiatives in the UK and overseas mission causes through our giving to the RCCG Central Office.

A number of our members support specific charities and organisations such as the Christian Legal aid and UCB.

8. Prison Ministry

As with previous years, we continued to work alongside Prison fellowship, supporting the Drake Hall prison chaplaincy, offering encouragement, and taking up prayer needs as requested. Our support of the Prison fellowship Angel tree initiative was increased in the reporting year.

  1. Volunteer stewards/workers. The Trustees would like to thank all volunteers for their invaluable contribution to the life of the church (charity).

ACHIEVEMENTS AND PERFORMANCE

Worship and Discipleship

Community Outreach

5

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE

Trustees Annual Report

Youth and Children’s Ministry

FINANCIAL REVIEW

In promoting Christian faith, the church has managed to generate a total income of £229,384 (2024 £175,657) through regular giving from members, and HMRC Gift aid reclaim. The charitable expenses and others amounted to £155,823 (2024 £109,549), resulting in a surplus of £73,561 (2024 £66,105) It is the Trustees’ objective to build sufficient reserves to cover three months’ recurrent expenditure.

GROWTH AND CHALLENGES

The church continues to grow in numerical strength and activities. Given our bid to secure a more suitable and permanent place of worship and base for our charitable projects has been successful, the ministry is now charged with responsibility to maintain the building. There is a part of the property that needs urgent repair, we would like to take a loan to put it right. There is a lot of work to be done in the Church building, including renovations and the need for security features to be installed. Specifically:

Furthermore, equipment needs for various connect groups and activities as part of the church have grown and some have been met.

PLANS FOR THE FUTURE

In furtherance of the gospel and proving pastoral care, we will continue to improve our operations and activities as above in furtherance of the objects of the church. This includes:

STRUCTURE, GOVERNANCE AND MANAGEMENT

The church is governed by a board of trustees who meet regularly and on ad hoc basis to oversee operations, compliance, and strategic direction. All trustees have completed safeguarding training and

6

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE

Trustees Annual Report

operate under a conflict-of-interest policy.

In addition, the church has seven ministry teams which also form part of the core leadership supporting the work of the Trustees. One of the trustees also serves as the safeguarding lead for the church.

RISK MANAGEMENT AND TRUSTEES MEETINGS

Key risks identified include:

Mitigation strategies include regular audits, safeguarding reviews, and leadership development programs. Specifically, safeguarding training update was completed by volunteers.

The management of the Charity is the responsibility of the Directors who are elected and co-opted under the terms of the Articles of Association. This states that any person, being a member of the Church who accepts the doctrine of the Church, may be appointed to the board by the members. Each of the appointed Trustees / Directors draws on specialist and professional advice for their area of responsibility. Each has received training and teaching to help them bring governance and direction to their area of responsibility.

The Trustees are responsible for keeping proper accounting records that are disclosed with reasonable. accuracy at any time in the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board.

O. Babatunde

28 September 2025

7

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE Trustees Annual Report

Independent Examiner's Report to the trustees of THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE

I report to the charity trustees on my examination of the financial statements of THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE for the year ended 31 March 2024, which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows, and the related notes.

Responsibilities and basis of report

As the trustees of the charity (and its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:

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 financial statements to be reached.

Nii Otu Quaye FCCA, FFA/FIPA

RAK ACCOUNTING SOLUTIONS LIMITED

11 Louvaine Close

Abbey Hey Manchester M16 8SJ 27 September 2025

8

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE Statement of Financial Activities

for the year ended 31 March 2025

Notes
Income and endowments
from:
Donations and legacies
4
Other
5
Total
Expenditure on:
Charitable activities
6
Other
7
Total
Net gains on investments
Net income
8
Transfers between funds
Net income before other
gains/losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2025
£
172,078
57,306
229,384
149,578
6,245
155,823
-
73,561
-
73,561
73,561
280,503		 Total funds
2025
£
172,078
57,306
229,384
149,578
6,245
155,823
-
73,561
-
73,561
73,561
280,503		 Total funds
2024
£
150,751
24,903
175,654
86,074
23,475
109,549
-
66,105
-
66,105
66,105
214,503
354,169 354,169 280,608

9

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE Summary Income and Expenditure Account

for the year ended 31 March 2025

Income
Gross income for the year
Expenditure
Total expenditure for the year
Net income before tax for the year
Net income for the year		 2025
£
229,384
229,384
155,823
155,823
73,561
73,561		 2024
£
175,654
175,654
109,549
109,549
66,105
66,105

10

11

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE Balance Sheet as at 31 March 2025

Company No. 11871701

Notes
Fixed Assets
Land and Building
10
Current Assets
Debtors
Cash at bank and in hand
Net Current Assets
Creditors
Net Current Assets
Total net assets
The funds of the charity
Restricted funds
Unrestricted funds
General funds
Reserves
11
Total funds		 2025
£
499,775
25,594
25,594
25,594
(171,200)
(145,606)
354,169
354,169
354,169
354,169		 2024
£
492,569
24,704
24,704
214,503
(236,665)
(211,961
280,608
280,608
280,608
280,608

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members did not require the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 28

September 2025 and signed on its

behalf by:

O. Babatunde

Trustee 28 September 2025

11

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE Statement of Cash flows.

for the year ended 31 March 2025

Cash flows from operating activities.
Net income per Statement of Financial Activities
Adjustments for:
Dividends, interest, and rents from investments
(Increase)/Decrease in trade and other receivables
Net cash provided by operating activities
Cash flows from investing activities.
Dividends, interest, and rents from investments
Net cash from investing activities
Net cash from financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2025
£
73,561
0
0
73,561
0
0
-
73,561
280,608
354,169
354,169
354,169		 2024
£
66,105
0
66,105
0
0
-
66,105
214,503
280,608
280,608
280,608

12

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE Notes to the Accounts

for the year ended 31 March 2024

1 Accounting policies

Basis of preparation

The financial statements have been prepared 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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts.

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts in previous years.

Fund accounting

Unrestricted funds: These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.

Designated funds These are unrestricted funds earmarked by the trustees for purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through the terms of an appeal.

Income

Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.

Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities. where the benefit to the Charity is reasonably quantifiable, measurable, and material. Volunteers help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

14

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accrual basis. Expenditure includes any VAT which expenditure cannot be fully recovered and is reported as part of the expenditure to which it relates.

Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable services in the furtherance of its objects, including the making of grants and activities. governance costs.

Grants’ payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but have not yet paid.

Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.

Other expenditure These are support costs not allocated to a particular activity.

2 Taxation

The charity is exempt from corporation tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value, which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents.

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short-term creditors are measured at the transaction price. Other creditors and provisions are recognised as where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

15

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE Notes to the Accounts

Research and development.

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are taken into account in terms of achieving net income/expenditure.

Leased assets.

Where the charity enters a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Receipt of donated goods, facilities, and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

The company is a private company limited by guarantee and consequently does not have share capital.

16

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE Notes to the Accounts

4 Statement of Financial Activities

4Statement of Financial Activities
Income and endowments from:
Donations and legacies
& HMRC Gift Aid
Expenditure on:
Charitable activities
Other
Total
Net income
Net income before other
gains/losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
4Income from donations and legacies
Donations from Church
members
Donated goods, facilities, and services received.		 Unrestricted
funds
Total funds
2025
2025
£
£
229,384 229,384
229,384
229,384
149,578
149,578
6,245
6,259
73,561
73,561
73,561
73,561
73,561
73,561
73,561
73,561
280,608280,608
354,169
354,169
Unrestricted
Total
Total
2025
2024
£
£
£
172,078
172,078150,751
172,078
172,078150,751		 Unrestricted
funds
2025
£
229,384
229,384
149,578
6,245
73,561
73,561
73,561
73,561
280,608		 73,561
280,608
354,169 354,169
Total
2025
£
172,078		 Total
2024
£
150,751
172,078 172,078 150,751
Total
2025
£
172,078
172,078
150,751
Total Total
2025 2024
£ £
172,078 150,751
172,078 150,751

Donations received 1

17

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE Notes to the Accounts

5 Other income

HMRC Gift Aid
Others
6Expenditure on charitable activities
Expenditure on charitable
activities
Governance costs
7Other expenditure
Employee costs
Motor and travel costs
Premises costs
General administrative costs
Legal and professional costs
8Net income before transfers
This is stated after charging:
Independent Examiner's fee
Other fees paid to the auditor or
independent examiner
9Staff costs
Salaries and wages
No employee received more than £60,000.		 Unrestricted
£
54,192
0
54,192
Unrestricted
£
149,578
6,245
155,823
Unrestricted
£
12,000
1,378
9,364
488
397
23,627
2025
£
1,020
4,828
2025
12,000
12,000		 Total
2025
£
54,192
0
54,192
Total
2024
£
149,578
6,245
155,823
Total
2025
£
12,000
1,378
9,364
488
397
23,627		 Total
2024
£
24,903
0
24,903
Total
2023
£
73,982
7,605
81,587
Total
2024
£
12,000
5,470
8,518
790
1,184
27,962
2024
£
1,004
1,404
2024
12,000
12,000

18

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE Notes to the Accounts

10 Land and Buildings

10Land and Buildings
Additions
11Movement in funds
Restricted funds:
Unrestricted funds:
General funds
Total funds
12Analysis of net assets between funds
Net assets		 At 1 April
2024
280,608
280,608		 2025
£
7,2606
7,2606
Incoming

resources
(including
other
gains/losses
£
229,384
229,384		 Resources
expended
£
(155,823)
(109,549)
Unrestricted
funds
~~£~~
354,169
354,169		 2024
£
492,569
492,569
At 31
March
2025
£
354,169
354,169
Total
~~£~~
354,169
354,169

The company is limited by guarantee and has no share capital; thus, no single party controls the company.

19