REGISTERED COMPANY NUMBER: CE021493 (England and Wales) REGISTERED CHARITY NUMBER: 1189002 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2025 for New Life Community Church New Life Community Church |Contents of the Financial Statements for the Year Ended 31 March 2025|Contents of the Financial Statements for the Year Ended 31 March 2025| |---|---| ||Page| |Report of the Trustees|1 to 3| |Independent Examiner's Report 4|| |Statement of Financial Activities|5| |Balance Sheet 6|| |Notes to the Financial Statements 7 to 11|| |Detailed Statement of Financial Activities|12 to 13| New Life Community Church Report of the Trustees for the Year Ended 31 March 2025 The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice (SoRP) 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 2019). ## OBJECTIVES AND ACTIVITIES ## **Objectives and aims** The present charity's main objects have been to advance and promote the Christian faith by proclaiming the doctrine, beliefs and practices of Christianity. In support of these objectives, the main activities of the Church historically have been grouped around the areas of: - Meeting together for personal and corporate support, development and worship. - Community outreach and service: - Family Games night - Loving Community Kidz weeks - Monthly Communion Service at Wharfedale View – Extra Care Housing facility for the over 60s o Monthly Ladies’ gathering - Community Fun Days o Men’s Fortnightly Darts evening - **Support** - giving financial and practical support locally and across the world. - **Partnership** - links to other local churches, Ground Level Network, Evangelical Alliance and the wider Christian community. ## **Public benefit** The trustees are satisfied with the performance of the charity during the year and in planning the activities the trustees have had regard to the Charity Commission's guidance on public benefit. ## ACHIEVEMENT AND PERFORMANCE ## **Charitable activities** The church and hall buildings have continued to be used through the year and provided a base for facilities for the community to hire the Church and annex building. New Life Community Church continues to rent the Church and annex on a long-term basis from the Church of England Diocese. Internal improvements have continued in the church and annex including: - Restoration to the floor caused by roof damage and pest control in the ceiling at a cost of £833 The church has encouraged the personal growth of its members and those engaging in our worship gatherings. Some of the means for this encouragement has been through the main Sunday worship and midweek Bible study meetings. We are concerned about and engage in helping communities and groups around the world. This includes those who are suffering from natural disasters, environmental and economic problems, as well as those undergoing persecution. Our Vision and Mission continue as we Love God, Love people, and love our town of Yeadon. ## **Tithes and special offerings** Page 1 New Life Community Church Report of the Trustees for the Year Ended 31 March 2025 During the year, the church has been able to send financial support to various organisations in the international community, namely Samaritans Purse, Compassion, Release International, Metro World Child, One by One ## FINANCIAL REVIEW ## **Principal funding** ## **sources** The church raises most of the general funds it needs to carry on its activities from within its own membership and congregation. The church is also heavily dependent on its membership and congregation working as volunteers in all aspects of the church's activities. Given the current economic conditions and the demographic of the local area we are encouraged by the generosity of our membership and congregation. ## **Reserves policy** The committee has a reserves policy in order to meet its potential liabilities and has monitored and revised it as the circumstances changed. Reserves are set aside in support of the church's commitment for the long-term occupancy of the buildings and for the support of our senior leader. In the Trustees' view, the reserves should provide the charity with adequate financial stability and the means for it to meet its charitable objectives for the foreseeable future. The trustees propose to maintain the charity's reserves at a level which is at least equivalent to three months' operational expenditure (Rent, Minister's Salary, Utilities). The trustees’ review has been done giving careful regard to its manner of operation and likely funding streams. The trustees review the amount of reserves that are required to ensure that they are adequate to fulfil the charity's continuing obligations on an annual basis at their Trustees meeting. STRUCTURE, GOVERNANCE AND MANAGEMENT ## **Governing document** The charity is controlled by its governing document and constitutes a Charitable Incorporated Organisation (CIO) as defined by the Charities Act 2011. ## STRUCTURE, GOVERNANCE AND MANAGEMENT ## **Organisational structure** The church is a Charitable Incorporated Organisation (CIO). The initial trustees of the charity comprise of two external and three internal people including the Senior Leader who is automatically a trustee as long as he holds that office. One of the external trustees stepped down in April 2024, and from June 2024, following the Senior Leader’s resignation the Trust had two internal Trustees and one external Trustee. Following the appointment of Geoff Newton in February 2025, he automatically became a Trustee. In the present constitution, new trustees are appointed for a term of three years by resolution passed at a properly convened meeting of the charity trustees. The leaders of the church (including the Senior Leader) are responsible for the spiritual affairs of the Church. Leaders are appointed by the Senior Leader who is in turn appointed by the trustees. Induction and training of new trustees All new trustees are given the Charity Commission information for trustees that explain the role of a trustee and what is expected of them. ## REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number CE021493 (England and Wales) Page 2 New Life Community Church Report of the Trustees for the Year Ended 31 March 2025 Registered Charity number 1189002 Registered office Haw Lane Yeadon Leeds LS19 7XQ Trustees Rev D Thompson (resigned 15 June 2024) D W James (resigned 25 April 2024) Mrs D Arnott J Daniel-Sam Mrs C J Comrie Mr Geoff Newton (appointed February 2025) Denise Arnott Mrs D Arnott - Trustee 29/01/2026 Date: ............................................. Page 3 In ndent E the Trustees of New Life Comm ni Church Independent examinerfs report lo the trustees of New Lrfe Community chU￿h I'lhe CIO'I I report to the charity trustees on my examination of the a¢¢ounts of the CIO for the year ended 31 March 2025. Responsibilities and basis of report As the charity's ITLislees of the CIO you are responsible frjr the preparation of the accounts in accordance wf(h the requirements of the Chanties Act 2011 Ilhe Ad'}. I report in respect of my examination of your charity's a￿ount$ as carried out under section 145 of the Act. In carrying out my examination I have followed the Directions given by the Charty Commission under section 14515} Ib} of the ACL Independent exsminerfs statement I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me ca¢JBe to believe-. 1. accounting records were not kept in respect of the CIO as required by section 130 of the Act. or 2. the accounts do not accord with those records., or 4. the accounts have not been prepared in accordance wi(h the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance wrth the Financial Reporting Standard appI￿ab in the UK and Republic of Ireland IFRS 10211. I have no concerns and have com8 aGro$s no othor matters in connection with the examination to which attention should be drawn in this report in order to Qnablg a proper understanding of the accounts to be reached. Andrgw Russell Andrew Russell FFA FMA4T APR Accountancy Services Shan House 80-86 North Street Keighley BD213AF 2910112026 Page 4 New Life Community Church ## Statement of Financial Activities for the Year Ended 31 March 2025 ||||||||**31.3.25**|**31.3.24**| |---|---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted||Total|Total| |||||fund|funds||funds|funds| ||Notes|||£||£|£|£| |**INCOME AND ENDOWMENTS FROM**||||||||| |Donations and legacies||||62,099|10,236||72,335|89,723| |Other trading activities||||-||-|-|1,000| |Investment income||2||4,609||837|5,446|10,007| |**Total**||||66,708|11,073||77,781|100,730| |**EXPENDITURE ON**||||||||| |Charitable activities||||||||| |Ministry||||62,687||-|62,687|66,931| |Mission||||-||-|-|4,135| |Building||||-||1,228|1,228|25,113| |Youth and community||||-||758|758|4,679| |Marshall Park FC||||-||2,570|2,570|6,420| |**Total**||||62,687|4,556||67,243|107,278| |**NET INCOME/(EXPENDITURE)**||||4,021||6,517|10,538|(6,548)| |Transfers between funds|||9|(600)||600|-|-| |Net movement in funds||||3,421||7,117|10,538|(6,548)| |**RECONCILIATION OF FUNDS**||||||||| |Total funds brought forward||||68,374||8,614|76,988|84,706| |**TOTAL FUNDS CARRIED FORWARD**||||71,794|15,731||87,526|78,158| The notes form part of these financial statements continued... Page 5 New Life Community Church |Balance Sheet|||| |---|---|---|---| |31 March 2025|||| |||**31.3.25**|**31.3.24**| |||Total|Total| |||funds|funds| ||Notes|£|£| |**FIXED ASSETS**|||| |Tangible assets|6|1,677|970| |**CURRENT ASSETS**|||| |Debtors||878|-| |Overpaid expenses||160|-| |Cash at bank||88,738|78,011| |**CREDITORS**|||| |Amounts falling due within one year|7|(3,927)|(823)| |**NET CURRENT ASSETS**||85,848|77,188| |**TOTAL ASSETS LESS CURRENT LIABILITIES**||87,526|78,158| |**NET ASSETS**||87,526|78,158| |**FUNDS**|||| |Unrestricted funds||71,794|57,544| |Restricted funds||15,731|20,614| |**TOTAL FUNDS**||87,526|78,158| The comparative fund balances reflect the figures as previously reported. Opening balances at 1 April 2024 have been adjusted in the current year for a prior period reclassification as explained in Note 11 The financial statements were approved by the Board of Trustees and authorised for issue on Denise Arnott D Arnott - Trustee ## _C J Comrie_ C J Comrie - Trustee The notes form part of these financial statements Page 6 New Life Community Church Notes to the Financial Statements for the Year Ended 31 March 2025 ## 1. ACCOUNTING POLICIES ## Basis of preparing the financial statements The financial statements of the CIO, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The financial statements have been prepared under the historical cost convention. ## Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Equipment and furniture - 10% on cost Computer equipment - 20% on cost ## Taxation The charity is exempt from corporation tax on its charitable activities. ## Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Hire purchase and leasing commitments Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. continued... Page 7 New Life Community Church Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ## 2. INVESTMENT INCOME |ESTMENT INCOME||| |---|---|---| ||31.3.25|31.3.24| ||£|£| |Rents received|3,882|7,042| |Bank interest|1,564|2,965| ||5,4
46|10,007| 3. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): ||31.3.25|31.3.24| |---|---|---| ||£|£| |Depreciation - owned assets|641|1,101| |Other operating leases|9,000|9,000| |4.
REMUNERATION AND BENEFITS
31.3.24
£
1,708
23,755
31.3.25
£
Remuneration
31,200
Expenses
476|4.
REMUNERATION AND BENEFITS
31.3.24
£
1,708
23,755
31.3.25
£
Remuneration
31,200
Expenses
476|4.
REMUNERATION AND BENEFITS
31.3.24
£
1,708
23,755
31.3.25
£
Remuneration
31,200
Expenses
476| |---|---|---| |||
476| No trustee received remuneration for acting as a trustee. Below trustees received remuneration in their capacity as employees/ministers: Remuneration of £17,537.25 was paid to Reverend D Thompson in his role as Senior Minister of the Church. Remuneration of £5,000 was paid to Mr Geoff Newton in his role as Senior Minister of the Church. continued... Page 8 New Life Community Church Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ## 5. STAFF COSTS The average monthly number of employees during the year was as follows: ||||31.3.25|
31.3.24| |---|---|---|---|---| ||Ministry||1|1| ||No employees received emoluments in excess of £60,000.|||| |.TANGIBLE FIXED ASSETS||||| ||||Equipment|| |||||and| ||||furniture|| ||**COST**|||£| ||At 1 April 2024|||32,231| ||Additions|||1,343| ||At 31 March 2025|||33,574| ||**DEPRECIATION**|||| ||At 1 April 2024|||31,261| ||Charge for year|||636| ||At 31 March 2025|||31,897| ||**NET BOOK VALUE**|||| ||At 31 March 2025|||1,677| ||At 31 March 2024|||970| |7.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||| |||31.3.25||31.3.24| |||£||£| ||Accruals and deferred income|1,955||378| ||Social security and tax|1,972||445| |||3,927||823| ## 6. TANGIBLE FIXED ASSETS Included within creditors at the year-end are amounts due in respect of PAYE and National Insurance of £1,682.72, relating to the payroll of Reverend D Thompson. These liabilities were outstanding at the reporting date and were paid in full during the second half of 2025. continued... Page 9 New Life Community Church Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ## 8. MOVEMENT IN FUNDS |At
**Unrestricted funds**
General fund
Operational reserve
**Restricted funds**
Building fund
Youth fund
Marshall Park FC fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
Operational reserve
**Restricted funds**
Building fund
Youth fund
Marshall Park FC fund
**TOTAL FUNDS**|1.4.24
£
Net
movement
in funds
Transfers
between
funds
At
31.3.25
£
£
£
56,374
12,000
3,348
672
(600)
-
59,123
12,672
2,503
4,217
1,894
6,858
1,553
(1,894)
-
600
-
9,361
6,370
-
8,614
6,517
600
15,731
76,988
10,538
-
87,526
Movement
in funds £
Incoming Resources
resources expended £
£
66,036
672
(62,687)
-
3,349
672
8,086
2,311
676
(1,228)
(758)
(2,570)
6,858
1,554
(1,894)
11,073
(4,556)
6,517
77,781
(67,243)
10,538| |---|---| The comparative fund analysis reflects the classification as previously reported in the 2024 financial statements and has not been restated Comparatives for movement in funds |Comparatives for movement in funds|||||| |---|---|---|---|---|---| |||Net|Transfers||| |||movement|between||At| ||At 1.4.23|in funds|funds||31.3.24| ||£|£|£||£| |**Unrestricted funds**|||||| |General fund|52,690|5,454|(600)||57,544| |**Restricted funds**|||||| |Building fund|12,013|(9,510)||-|2,503| |Youth fund|4,695|(1,078)||600|4,217| |Operational reserve|12,000|-||-|12,000| |Marshall Park FC fund|3,308|(1,414)||-|1,894| ||32,016|(12,002)||600|20,614| |**TOTAL FUNDS**|84,706|(6,548)||-|78,158| continued... Page 10 New Life Community Church Notes to the Financial Statements - continued for the Year Ended 31 March 2025 MOVEMENT IN FUNDS - continued Fund details Building fund Donations received towards the purchase and maintenance of the church building. Youth fund Donations received towards youth and community work. Operational reserve Represents unrestricted funds designated by the trustees and is not linked to a specific bank account. Marshall Park FC Grants, sponsorship and donations received for the running of Marshall Park FC. ## 10. RELATED PARTY DISCLOSURES Rev D Thompson (a trustee of the charity) received a salary of £17,537 (2024: £31,200) for his employment as senior minister and not in his role as a trustee. Mr Geoff Newton (a trustee of the charity) received a salary of £5,000 for his employment as senior minister and not his role as a trustee. ## 11. PRIOR PERIOD ADJUSTMENT During the year the trustees identified a payroll accrual of £1,170 relating to the year ended 31 March 2024 which had not been recognised in the financial statements for that year. The opening unrestricted funds at 1 April 2024 have been reduced by £1,170 to correct this error. The comparative figures for the year ended 31 March 2024 have not been restated. During the year, the trustees identified that the operational reserve of £12,000 had been incorrectly classified as a restricted fund in prior periods. As the reserve represents unrestricted funds designated by the trustees, the opening fund balances have been restated to reclassify this amount from restricted to unrestricted funds. Comparative figures have not been restated as the trustees consider the impact on prior year fund movements to be immaterial. ## 12. ACCRUALS ## **Independent examiner’s fee** No accrual has been made for the independent examiner’s fee in respect of the year ended 31 March 2025, as the amount had not been agreed at the reporting date and could not be reliably estimated. The fee will be recognised in the period in which it is incurred. ## **Gift Aid** Gift Aid income is recognised when a valid claim is submitted to HM Revenue & Customs. No Gift Aid income has been recognised in the year ended 31 March 2025 in respect of donations received during the year, as a claim had not been submitted at the reporting date. Any Gift Aid recoverable will be recognised in the period in which the claim is made. Page 11 Detailed Statement of Financial Activities for the Year Ended 31 March 2025 |Detailed Statement of Financial Activities
for the Year Ended 31 March 2025|||| |---|---|---|---| ||31.3.25||31.3.24| ||£||£| |INCOME AND ENDOWMENTS|||| |**Donations and legacies**|||| |Freewill offerings|58,946||48,330| |Special offerings|100||734| |Gift aid|-||10,490| |Grants|-||1,900| |Donations to building fund|7,300||15,259| |Youth and community donations|2,000||3,401| |Miscellaneous income|-||647| |Open space forum|180||2,317| |General donations|3,809||6,645| ||72,335||89,723| |**Other trading activities**|||| |Sponsorships|-||1,000| |Investment income|||| |Rents received|3,882||7,042| |Bank interest|1,564||2,965| ||5,446||10,007| |**Total incoming resources**|77,781|100,730|| |EXPENDITURE|||| |Charitable activities|||| |Staff costs - ministry|22,537||
31,200| |Staff expenses - ministry||-|476| |Social security|119||
1,017| |Other operating leases|9,000||
9,000| |Insurance|656||700| |Light and heat|8,553 10,561||| |Telephone|732||664| |Postage and stationery|123||-| |Sundries|4,557||2,378| |Gifts to guest speakers|5,760||3,235| |Tithes and special offerings|4,467||4,135| |Open space forum|- 2,230||| |Building repairs|-||24,810| |Cleaning|169||520| |Grounds maintenance|3,863||303| |IT maintenance|327||572| |Refreshments|654||364| |Evangelism|238||-| |Youth and community|386||4,798| Page 12 ## Detailed Statement of Financial Activities for the Year Ended 31 March 2025 |Detailed Statement of Financial Activities
for the Year Ended 31 March 2025||| |---|---|---| ||31.3.25|31.3.24| ||£|£| |Charitable activities||| |Brought forward|62,140|95,946| |Training and development|1,077|290| |Men's breakfasts|170|2,931| |Marshall Park FC costs|742|6,420| |Depreciation of tangible fixed assets|636|1,101| ||64,764|106,688| |Support costs||| |**Governance costs**||| |Accountancy and legal fees|2,479|590| |Total resources expended|67,243|107,278| |**Net expenditure**|10,538|(6,548)| This page does not form part of the statutory financial statements Page 13