NEW LIFE WORLDWIDE APOSTOLIC CHURCH Report and Account 31 March 2025
New Life Worldwide Apostollc Church Reports and accounts for Year Ended March 2025 Contents Page Trustees, Annual Report Statement of Trustees, responsibilites Accountants, report Stalement of Financial Activities Balance sheet Notes to the accounts
New Lrfe Worfdwide Apostollc Church Trustees, Annual Report for the year ended 31 March 2025 Aims and purposes: The aims of the charrty New Lrfe Worldwide Apostolic Church {NLWAC} are set out in its governing document. Our main purpose is to advance the Christian religion, as a Church family and followers of JESUS CHRIST, as we worship GOD and further the love of GOD in the Sandwell Community, the Unrted Kingdom arKI Worldwide. ObjeGtiv8s and Activities: Provide a safe and friendly environment for people of all ages who wish to worship with us and who wish to devélop spiritually, wrthin the Community and abroad. Providing pastoral well-being checks and visits offering one-toknone counselling, and support to individualslfamiliès in need irrespective of their religion. The activities of the Church include: Church Services, Seminars and Debates, Counselling of members and Social Events for members. The main activities undertaken during the year to further the charity's purpose for the public benefit.. Weekly SeNiceslmeetings,' Monthly Carboot sales. providing breakfast and refreshments. In March a New Life Celebration, for members, their families and friends., games for the children, bouncy castles, providing a sit-down bLrffet meal and refreshments. Achievements and Perfomiance.. The main achievements and perf0rnan of the charity during the year" There was an OLrtreach work in St Lucia in November 2024. Maintaining the Charitable objectives., We are expanding the church with further contacts in South India, with a forthcoming Crusade from the 5- 12 Novemb8r 2025 to Telanga, and from 13 -16 November 2025 to Kerala. Our Pakistan Outreach has significantly grown and we are continually receiving new contacts in Pakistan and have regular Zoom meetings and Bible Studies. There have been many testimonies about the benefits that Brethren are receiving, through the Church There's a continued growth in our London and Bristol outreach Churches and we have an established Online Minislry where our outreach contacts from around the world join on Sundays. We maintain regular contacts with local stakeholders by attending local forum meetings, this has continued to grow and we attend training for Trustees and Church Members. On 26 November- 9 December 2025, the Senior Elder ofthe Church and a Minister will be going to Uganda and Burundi to Minister to New life Church Uganda. The churches in Kenya continue lo join in the weekly Tuesday Bible Study meetings via Zoom and they also join the monthly Online services.
In April 2024, we raised funds to sponsor over a 120 Bibles for Kenay, Malawi, Burundi and Rwanda. We held a Fund-raising Seminar- The Invisible GOD with Tangible Evidence on 27 October 2024 to raise funds to repair flood damage to our sister Church in Malawi. Refurbishing and repairs to our church headquarters has been a priority.. On 24 October 2024, we completed the refurbishment of the stairs and landing and fitted new lighting. Our monthly Carboot continues to be popular with the communrty and we regularly welcome new contacts. We have continued to grow a strong community safe space for individuals to socialise, enjoy a hearty breakfast, refreshments and a friendly chat. Positive feedback is continuously received from the communily, and we continue to offer members of the community, the opportunity to discuss and share suggestions for local needs. The Church by securing funds from Tesco helped over 50 families during the May- July 2024 holidays wilh the Holiday Hung8r Scheme. Demonstrating that the local community recognises the work that we are doing and the support we provide. The Church kindly donated clothing and toiletries to the Black Country Women's Aid. Collectively the congregation has support6d the Church through 'easyfundrai5ing'. Our Youth Corner Media Team are continuing to flourish and proactively 5ead on all our social media platfomis. They run the Online Ministry behind the scenes. The Youth Band are continuing lo progress in their musical talents and are continuing to grow into a perfomiance ready team. Each month the Youth Corner Team are performing livè in the Church, the youth singers and the band, they also do presentations for example they did a talk on Mental Health and Well Being, during exam season. They also have regular monlhly meetings where they discuss various topics and raise any concerns by inviting the Men of GOD. The Youth Corner Team is led by a Minister. The Youth Comer Team also did a sponsored walk to raise funds on 17 November 2024. To the Glory of GOD. Worship and Prayer: NLWAC is keen to offer a range of services during the week and over the course of the year, that the Community find both beneficial and spiritually fulfilling. For example, Tuesday night Bible Study provides time to engage with all ages in reading the scriptures and answering questions, from the youth team and new members. We have been successful in welcoming more families into our Church, both in the UK and abroad. In addition, a great deal oftime and thought was spent during the year on how to continue encouraging new members in Uganda. Structure, Gov8rnanco and Management of the Charity: The method of appointment of Trustees is set out in NLWAC'S Constitution document. The Trustees are responsible for making decisions on all matters of general concerns and Importan to the Church, including how funds are to be spent.
Financial Revlew: The net income over expenditure surpassed last year's by £30,478. This positive growth was as a result of the incoming resources increasing by 11 Oh in tithes when compared to last year, and the payment of arrears of Gift Aid claims from HMRC. Furthermore, expenditure fell by 18.950/0 due to inactivity in the area of major repairs as witnessed in 2023124. The Church Net Asset grew by £49,370. which is 35.220/0 over last year's value of £140,170. The source of this increase was greatly impacted by those reasons stated above. Midway into the new year li.e. 2025126) the Church would have fully paid for the Church building and tl will be 1 OOOA owned as the lien by Mr David Abraham will be removed. In all, the Church haé a very healthy financial performance which ties in wilh the various evangelical grow activities undertaken during the year.
New Lif• Worfdwlde Apostolic ChurGh Trust88s' Anftual Raport forthe yaar 8nd¢d 31 March 2025 DotaS18 of Tha Ind8pondont Ex8mln8r Alexander O Mordi Member of Chartarett Certffied Aceouniants 89 Sl Vin¢enl Cre5c8nt Wesl Bromwich B70 OLG Statoment of th8 TrusteeB' Respon51bllltle8 The charty's trust8es ar8 re8pon8ibl8 for th8 preparation ofth? account$ in acrdance wth the terms of the Companles Aei 2006. the Ch8rits Act 2011 and th8 Ch8nties IA¢¢ounls and Reptsrtl Reoubtion$ 2008. Notwithstanding the eXplrt requiwement in the extant statutory regulations, the Charib'es (Awounts and Reports) Regulations 2008. lo prepare the financial statements in accordance with SORP 2005. in vW ofthe fact that SORP has been viithdrawn, the Tfusteès determined 10 interprèt this responsitslty a$ qUIrIng them to follow Gutttrnl best praGtiGe and prepare the awount5 according to FRS 102 SORP Istslement of Recommended Pra¢tic lorA¢counling and Reporting by Ch8rities12015. la$ amended by the Bulletin issued in February 2016. Jhe SORPI. In partiGur, the Compan¢s AGt 2006 and law require the Boartl of Trust¢65 to Ppare financial statements for each financLg1 yearwhi¢h givé a true and vw of th& state of affairs of the Ghariiy a$ at the end of the finan¢ial year antl of surplu5 01 deficit of the chartty. In preparSng these finan¢ial statements the 8oard Is required to".- lo prepare the stteunls in acEordance with United Kingdom Generally Accepted Accounting PrxtKe Iunited Kingdom Accounting Standards and applicabk lawl. 86lect suitable accounting policies and apply them consi5t8ntly.' maka judg8ments and estimates that are reasonab and prudent., prepare the financrdl stslements on the going con¢ern basi unless tt is inappropriate te presume that the charity will contin In busin8SS". $late whethér appli¢ablÈ accounting stsndards and stemnls of recA)mmÈnded practlc8 have been folk)w8d, $ubied to any material departure di$dosed ond explained in the finan¢lal statements". The law iequire5 that the trtee5 must not approve the 3CC4)unts unkss they are $ali$fied that they gwe a true and fairvw of state of affair& of the charity and thè surplus or defifAI of thè charity forthe year. The TnJsteo$ arè also re$ponslblo for maintaining adequate aceounthg r8cords which disckJs8 with reasonable acwracy 8t any time the fin8nu81 position of th& charity and whlch are sufficnt to Show and explain the ehanty transactions and enab them lo ensure that the financKal st8t8menls comply wth the Comp8nv3 Act 2006 and comply wich regulations made under the Gharities Act. Try are responsible for $8feguarding the assets of charity and hence for taking reasonable steps for the praventlon and daledon of fraud and other irregUlarleS. The Trustees are al$0 responsibb for the contént of thè Tmstees. r8POrt, and Statutory responsibilty ofth8 Independent Examiner in reLgtion to the Trustees. report S limited lo axamining the report and ensuring that, on the face of the report there are no materkql ir$1sten0es with th8 figures disdosed in th8 financial slatemenls. Method of pr8p8f8tlon of accounts The financial statements are $8t out on pages 410 11. The financial statements have been ppared IMpments.ng the FRS 102 SORP Iststement of Re¢Ended Pradi¢e for Accounting and Raporting by Charities) 2015, 185 amendfrd by t1 Bulletin i55ued in February 20161, (The SORPI. and in accordanc8 with the Financial Reporting Standard 102, leffeclDie 1° January 20161 This report was approved by the bo8rtJ of Trustees on 23 July 2025 Tlbbi Samuewstone Trustee
New Lrfe Worldwide Apostolic Church Independent Examiner's Report to the trustees of New Life Apostollc Church I report on the accounts for the year ended 31st March 2023 which are set out on pages 6 to 8. Respective responslblllties of the Trustees and Independent Examiner The charitys trustees consider that an Audit is not r6quired for this year under Section 144{2} of the Charity Act 2011 (the 2011 Act} and that an independent examination is needed. It is my responsibility to.. a. Examine the accounts under section 145 of the 2011 Act; b. Follow the procedures laid down in the General Dire¢tion$ given by the Charity Commissioners section 145(5){b) of Ihe 2011 Act- and Stale whether particular matters have come to my attenlion. Basls of Independent Examlner's Statement My examination was carried out in accordan with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented Wbth those records. It also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from the management committee concerning such matter5. The procedures undertaken do not provide all the eviden that would be required in a full audit, and consequently I do not express an audrt opinion on the accounts. Independent Examlner's Statement In connection with my examination, no matters have come to my attention.. which give me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with s.130 of the 2011 Act,. or b. to prepare accounts with which accord with these accountrng records have not been met., or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding ofthe accounts to be reached. Sign Alexander Mordi- Independent Examiner Alexander Mor & Associates Certified Chartered Accountants 89 St Vincent crenI West Bromwich B70 OLG This report Was signed on 23 July 2025
New Life w0Wid& Apostolic Church Flnancial Statements for the Yoar End 31 March 2025 stst¢m•nt of Fin8n¢iAI Adiviti Unrostrictod De5iynat8d Rg8triet8d Endownment8 Total Fund8 Total Fund8 Funds Fund$ Fund8 Fund8 2025 2024 Incomlng Resourcos Donations and Legacies 48,890 270 49.160 47,275 CharEtsbl8 Activitie$ 2b 29.001 297 29,298 11,553 Other Trading ActNites 2¢ 20,747 47,024 67,771 24.591 Totsl 98,638 47,321 270 146.229 83.419 Resources Expended Ch8rit8ble Activities 3a 63,168 47.024 110,192 77,860 Total 63.168 47.024 110,192 77,860 Net gainlllosses) on invèstment Net IncomellExpenditurel 35.470 297 270 36,037 5,559 Transtsr b8twe8n Funds Netmgveménts In Funds Total Funds brought forward Ilst Apr) 36,343 3,761 40,104 34,545 Totsl Funds carried forward131st Marl 71,812 297 4,031 76,140 40,104
New Llfe Worldwide Apostollc Church Balance Sh8*t at 31 hIah 2025 2025 2024 Notss Fixed Assets Tangible Assets fjlal 137.600 137,600 141,066 141,068 Cufftrnt Assets Savings Acoount CBsh at bank 8nd in hand 47,321 28,819 76,140 40,104 40,104 Llabllltle8 Llabllltle8 due In one year Interest Free Loan 16,800 16,800 Net Current A889ts 59,340 23,304 Total As89ts Lèss Current LlabilFtiès 196,940 184,370 Amounts lalllng dug afterono Interest free Loan 7.400 24,200 Total Net A¥sets 189.540 140,170 Mr David Abraharn bought th8 the propBrty at 4 St James Stwt and transferred ¢x¥nerhip to the Church for £160,000 0 interest frae loan. Repayrnent is by a monthly payment of £1,400 lo him. H8 however. ha8 8 lien on the Property until the final payment 15 rnadè. Church Fund$ Unrestricted Funds 2025 2024 185,509 136,409 3,761 140,170 Restricted Funds 189,540 The attached notes form part of these fi'na184 ststements Approved by the Trustees on date and Figned on their behalf by Dawd Abraham CHAIR olTRUSTEES 23 July 2025
New Life Worldwld• Apostolic Church Flnancial Statements for the Year Ended 31 Moreh 2025 Ac¢ountln Policies The financial statements have been prepa$ in accordance with the Statement of Recommended Practice for Charities ISORPI and applicable accounting stsndards IFRSSE} or IFRS1021. The financial staternents have been prepared under the historical cost convenlion.The financlal statements include all transactions. assets and liabilities for which the ChLtrch is responsible In law. They do not include the accounts of church groups that owe their main affiliation to another body nor those Ihal are informal gatherings of Church members. on of Funds Rastrictsd funds comprise of two elements :_ al income from trusts or endowments which may be expende(l only on those restricted objects provided in the lemis of the Injst or bequest bl donations or grants received for a specific object Dr invf(ed by the Church for a specific object. The funds may only be expended on the spectfic object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The Church does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis. Unrestrlctgd funds are income funds which are to be spent on the Church's general purpose. Incomln Resourc•$ Planned giving, collections and donations are wognised when received. Tax refvnds are recognised when the incoming resource to which they relate is received. Gran15 and Legacies are accounted for when the Church is legally entitled lo the amounts due. DNidends a acwunted for when receivable, interest is accrued. All other income is recognised when il is weivable. All incoming resources are accounted for gross. rc Ex ndDd Grants and donations are accounted for when paid over, or when awarded, rf that award ¢ateS a binding or constructive obligation on the Church. Amounts feceived specifically for mission are dea with as reslricled funds. All other expenditure is generally recognised when rt 1$ incurred and is accounted for gross. Fixed Assets Consecrated and benefice propety Is not included from the accounts by s.1012}lal&{Cl of the Charities A¢t 2011. Moveable church fumishings include listed Church's inventory, which Can be inspected lat any reasonable timel. Depreciation fias been prOVed al the following rates in order to wnterth the assets to their anticipated residual value over their estirnated useful lives Church Premises ChurGh Equipment °A straight line 20 % straight line
New Llfe Worldwlde Apostolic Church Notes to Flnanclal Stst8ments for Year Ended March 2025 Total Funds 2026 Totsl Funds 2024 UnrestTicled Deslgnated Restrlcted Endownment Funds Funds Funds Funds Income and Endowments from: Donatlons and Legacles 2a 48,890 270 49,160 47,275 Voluntaryln¢ome/Recelpts Tithes 48,414 48,414 43.565 Other planned giving Co15ections at servi5 All other giving and voluntsry receipts including special appeals 321 321 1,785 155 270 425 1,925 Charitable Activilies 2b 29.001 297 29,298 11,553 Church Activltles Car Boot 1.671 1,671 1,792 Fund Raising 6,768 6.768 1,749 Gift Aid recovered 20,562 20,562 8,012 Investment Income 297 297 Unre$lrlctod Fund Pgxlgnatsd Funtl¥ RoBtrl¢tsd Endownmènt Fund8 Fund• Total Fund8 Totsl Funds 202 2024 other Tradlng Actlvites 2¢ 20,747 47,024 67,771 24.591 Actlvities for Generating Fund Renl 20,747 20,747 24,591 S8vings Avnjnt 47,024 47.024 Totsl 98,638 47,321 270 146,229 83.419
New Life Worldwide Apostolic Church Notes to Flnanclal Ststements for Year Ended March 2025 Total Fund$ 2025 Total Funds 2024 Unre$trl¢t•d Deslgnat•d Restricted Endownment Funds Funds Funds Funds EXPENDITURE ON: Charitable Activilies 63,168 47,024 110,192 77,860 Church Actlvlfles Mission giving and donation$ Salarieslwages Clergy and Staff Expenses 9,600 9,600 10,800 Church Expenses Church running expenses Church Expenses Imission and Evangelism) 15,685 15,685 15.248 4.704 4,704 2,452 Church ulility bills 14.092 14,092 13,741 Premises Insurance 2,288 2,288 2,277 Major Capital Expendlture Major Repairs to the Church 16,541 Repayment of loan 16,800 16.800 16,800 Transfer lo Savings Account 47,024 Total 63,168 47.024 110,192 77,860 10
New Life Worldwide Apostolic Church Notes to Financial Statements for Year Ended March 2025 2025 2024 4(al Staff Costs Salaries During tho year the Chur¢h did not employ any staff 41b) Church Costs The sum of £9,600 was paid to the lead Pastor, Mr J D Abraham as stipen folowing the approval of the Trustees at one of their meetings during the year for travelling and other expenses. 5(al Fixed Assets Freohold Btslldlngs Chur¢h Equipment Total At Cost or Valuation Asa11Apr 160,000 99,444 259,444 Additions in the Year Disposal in the Year Revaluation lif any) Value al 31 Mar 160,000 99,444 259,444 Accumulated Depre¢latlon Asa11Apr Charge for the Year Disposals As al 31 Mar 19,200 3,200 99,178 118,378 3,466 22,400 99,444 121.844 Net Book Value at 31 Mar 137.600 137,600 Net Book Value at 01 Apr 140,81X) 266 141,066
New Life Worldwide Apostolic Church 6 Liabilities 2025 2024 Amounts falling due ITn ong •r Accurals of Utilities Amounts Received in Advance Interest free loan 16,800 16,800 Other Creditors 16,800 16,8( 6a Amounts falling duo aftor one year 2025 2024 Interest free loan 7,400 24,200 7,400 24,200 6b There is an overpayment in the Gift Aid COvered of £3487.13 to be rerned to HMRC in 202S126 7 Analysis of Net Assets Gèneral Unrestricted Funds Deslgnated Fund$ Re8trictgd Funds Endownmènt Funds Totsl Fixed Assets 137,600 137,600 Investment Assets Current Assets 71,812 16,800 192,612 297 4.031 76,140 16,800 196,940 Current L Yabililies 297 4,031 8 Funds Reconcilation R880rves InGoming Resource¥ Resourcos Investment Re8efv8B at Expended Gains l Losses 1Apr 31 Mar Uniestri¢ted Funds 36,343 98,638 63,168 297 72,110 Restricted Funds Upper Room Pledge & Others Totsl Funds 3,761 40,104 270 4,031 76,140 98,908 83,168 297 12
New Llfe Worldwide Apostolic Church 9 SOFA Comparatives (previou5 yearl Unrestrlcted Funds Deslgngted Funds Ré$tdrt Endownménts Total Funds Fund5 Funds Incornlng Resources Donation$ and Legacies charlble Actwities Other Tradin8Aciivite5 45,350 11.553 24,591 1,925 47,275 11,553 24,591 Ile50urtes Expended Charitable Activities 71,039 6,821 77,860 Netgain/llQssI on investment Net Incom£llExpend(curel 10,455 14,8961 5,559 TrnThsr between Funos NetMo%*ment51n Furtds Totsi Fund5 broushttorward IlstAprl 25.888 8,657 34,545 Totsl Fundsurrled forword131st Marl 36,343 3,761 40,104 13