New Life Christian Centre International
Report and Accounts Year ended 31 March 2025
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
NEW LIFE CHRISTIAN CENTRE INTERNATIONAL
CHARITY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025
Trustees Eugene Ofori-Atta Elisabeth Adare Clive Patterson Sonia Young Elecia Smith (appointed May 2024; resigned Nov 2024) Governing Document Constitution dated 21 December 2021 Charity Registration Number 1197244 Registered Office Room J 1 Tower Lane East Lane Business Park Wembley Independent Examiner Sarah Crispin (ACA) Stewardship 1 Lamb's Passage London EC1Y 8AB
| Contents | Page |
|---|---|
| Charity Information | 1 |
| Trustees' Annual Report | 2-5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Accounts | 9-15 |
| Detailed Statement of Financial Activities with Comparatives | 16 |
Page 1
Trustees’ Annual Report
New Life Christian Centre International (NLCCI) Charity Registration Number: 1197244 Accounting period – 1 April 2024 to 31 March 2025
The Trustees submit their annual report for the period 1[st ] April 2024 to 31[st] March 2025. The accounts have been prepared in accordance with Section 130 of the Charities Act 2011.
Objects, Purpose and Activities
New Life Chirstian Centre international (NLCCI) is committed to advance the Christian faith in the United Kingdom by the proclamation of the Gospel of Jesus Christ and the preaching of the Word of God in accordance with its Statement of Faith, and in such ways as the charity trustees shall time to time think fit according to the Truths of Assemblies of God in Great Britian and Northern Ireland, as approved by the General Council.
Annual plans and activities are considered by trustees and follow Charity Commission guidance on public benefit, and as such we not only aim to seek the advancement of the Christian faith but also to involve the many groups in our community to live out their faith in their workplaces and in their families. Our services and worship put faith into practice through prayer, the reading of the scriptures, music, and sacrament.
Our main activities include:
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Sunday services for members and the community, including Worship and prayer; teaching the Word of God and the development of members’ knowledge and trust in Jesus.
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Sunday school for ages 3yrs to 16yrs to learn Bible stories, discuss and develop the spiritual growth of children and young people.
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New Life Bible school that provides formal teaching of the Bible and developing life as a Christian for new and mature believers. Bible school provides one and two-year evening courses.
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Christian Development Course for new believers and newcomers to NLCCI.
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• Men and women’s ministries providing various events and meetings to support the growth of men and women of faith.
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Provision of pastoral care for members and people living in the local community.
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Discipleship groups that encourage fellowship, prayer, the reading of the Bible to equipping members to lead and make disciples who will go into various environments, preach the Gospel and make more disciples.
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Street Evangelism, mission, and outreach.
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The weekend leaders and workers conference held in Northampton and attended by 41 church leaders and workers.
Page 2
- The practical and financial support to seven different missionary programs in countries including India, Ghana, Nigeria, UK and Europe. Providing services and activities including medical assistance, education, skills training, supporting women and children living in poverty and the feeding of the poor and vulnerable.
In addition to our regular services, we enable our community to celebrate the many milestones through life’s journey. Through the baptism of both children and adults; in marriage, public vows are exchanged and celebrated; through funeral services where members, friends and family express their grief and give thanks for life. Family members living in other parts of the UK can enjoy our recorded Sunday services.
Summary of the main achievements of the Charity during the year
-
In addition to the above we have delivered one Christian Development Course. Twelve people attended and seven people were baptized at the end of the course.
-
Twenty-two students attended the Bible school during the period and graduated in July 2025, receiving certificates for one year and diplomas for completing two years
Structure and Governance
The charity is a Charitable Incorporated Organization having a Board of Trustees responsible for making decisions on all matters of general concern and governance including deciding how the funds for the church are to be spent.
In March 2024, Pastor Danny Ofori-Atta became NLCCIs’ Senior Pastor. Pastor Danny has introduced an Apostolic Vision and Mission for the church establishing the Apostles doctrine of the first century church. The transition has been smooth, new processes are being implemented, and the church, having experienced a number of changes, continues to move forward and grow.
Board of Trustees
Senior Pastor Danny Ofori-Atta (Chairman) Clive Patterson Elisabeth Adare Elecia Smith (appointed May 2024; resigned Nov 2024) Sonia Young
Trustees are selected based on their relevant skill and experience and the extent of service that they can contribute to the charity. There are policies and procedures in place for the induction and training of trustees.
The Charity’s principal address is Room J, 1 Tower Lane, East Lane Business Park, Wembley, Middlesex.
Page 3
Sunday services are held at Tokyngton Community Centre, St. Michaels Ave, Wembley, Middlesex HA9 6SA
Income Generation
The Charity had an income of £248,106 for the accounting period. The main source of income is obtained from members and visitors to the church in the form of tithes and offerings. The funds are used for the administration of the church’s activities and to carry out missionary and evangelistic work in the United Kingdom and around the world.
A separate fund is being held to aid in the purchase of a building where NLCCI can hold its Sunday services and operate all the various ministry activities from. The income is raised through donations given by members and interested individuals. When purchased, the building will be the main place of worship for Sunday services and all the ministry activities detailed above. It will also be used to provide education, training and support for groups and individuals in the community as well as provide space for local fledgling businesses.
Governance and Internal Control
Section 130 of the Charities Act 2011 requires that the charity keep proper accounting records and prepare accounts that accord with the accounting records and that comply with the accounting requirements of the Act. In doing so, the charity has implemented systems of internal controls to provide reasonable assurance against material misstatement or loss. These include:
-
Correct handling of funds and operation of bank accounts held in its name.
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Proper records being maintained, and financial information used within the charity or for publication is reliable.
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Delegating responsibility thus ensuring that there is adequate segregation of duties and division of labour.
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Consideration by the Trustees of the financial results and non-financial indicators.
-
Identification and management of risks.
Reserves Policy
Reserves describe the part of the Charity’s funds that are available to be used in the future for what the charity needs. Our reserves policy is to maintain general unrestricted reserves at a level which should equate to approximately three months of expenditure. At year end, the charity had general unrestricted reserves of £71,809 of which £66,436 was held as cash and it is meeting its reserves policy.
The Trustees have examined the operational risks which the charity faces and confirms that they have established systems to mitigate significant risks.
Page 4
Public Benefit
The Board’s strategy for achieving the objects list for the public benefit, is to advance the Christian faith in the United Kingdom by the proclamation of the Gospel of Jesus Christ. In administering the charity, the Board complied with the duty, in Section 17 Charities Act 2011, to have regard to the Public Benefit guidance published by the Charity commission. Our achievements as to how we fulfilled these objectives are detailed throughout this report and accounts.
Statement of Trustees’ Responsibilities
The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102 (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently.
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observe the methods and principles in the Charities SORP;
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make judgments and accounting estimates that are reasonable and prudent.
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and
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prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue to operate.
The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed/constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approval
This report was approved by the trustees and signed on their behalf by:
ED Ofori-Atta
ED Ofori-Atta (Nov 27, 2025 14:58:11 GMT)
Eugene Danny Ofori-Atta
Date: Nov 27, 2025
Page 5
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
NEW LIFE CHRISTIAN CENTRE INTERNATIONAL
('the Charity')
I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 March 2025 on pages 7 to 16 following, which have been prepared on the basis of the accounting policies set out on pages 9 to 10.
Responsibilities and basis of report
As the charity’s trustees of the Charitable Incorporated Organisation 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
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:
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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
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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.
Sarah Crispin
Sarah Crispin (Nov 27, 2025 15:07:54 GMT)
Sarah Crispin (ACA) Stewardship 1 Lamb's Passage London EC1Y 8AB
Date: Nov 27, 2025
Page 6
NEW LIFE CHRISTIAN CENTRE INTERNATIONAL
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
| Note INCOME AND ENDOWMENTS FROM: Donations 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 Funds £ 230,669 8,632 - 239,302 199,287 199,287 40,015 (18,107) 21,907 49,902 71,809 |
Restricted Funds £ 2,212 - 6,593 8,804 - - 8,804 18,107 26,912 246,186 273,098 |
Total Total Funds Funds 2025 2024 £ £ 232,881 225,756 8,632 6,925 6,593 5,238 248,106 237,918 199,287 199,995 199,287 199,995 48,819 37,923 - - 48,819 37,923 296,088 258,165 344,907 296,088 |
|---|---|---|---|
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 page 9-15 form part of these accounts.
Page 7
NEW LIFE CHRISTIAN CENTRE INTERNATIONAL
BALANCE SHEET
AS AT 31 MARCH 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) Total assets less current liabilities TOTAL NET ASSETS FUND BALANCES 13 Unrestricted Funds General funds Designated funds Restricted Funds |
Unrestricted Funds £ 330 330 7,563 66,436 73,999 (2,520) 71,479 71,809 71,809 71,809 - 71,809 - 71,809 |
Restricted Funds £ - - - 273,098 273,098 - 273,098 273,098 273,098 - - - 273,098 273,098 |
Total Funds 2025 £ 330 330 7,563 339,534 347,097 (2,520) 344,577 344,907 344,907 71,809 - 71,809 273,098 344,907 |
Total Funds 2024 £ 660 |
|---|---|---|---|---|
| 660 | ||||
| 21,216 279,162 |
||||
| 300,378 (4,950) |
||||
| 295,428 | ||||
| 296,088 | ||||
| 296,088 | ||||
| 49,902 - |
||||
| 49,902 246,186 |
||||
| 296,088 |
The financial statements were approved by the Board of Trustees and were signed on its behalf by:
ED Ofori-Atta ED Ofori-Atta (Nov 27, 2025 14:58:11 GMT)
Eugene Danny Ofori-Atta
Nov 27, 2025 Date: _______
Charity number: 1197244
The notes on page 9-15 form part of these accounts.
Page 8
NEW LIFE CHRISTIAN CENTRE INTERNATIONAL
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
1 Statutory Information
The charity is a charitable incorporated organisation 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 (who are the charitable company's directors for the purposes of company law) 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 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.
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. It includes income from Bible School fees.
Investment income represents income generated by the charity's assets and includes income from bank interest.
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
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.
Page 9
NEW LIFE CHRISTIAN CENTRE INTERNATIONAL
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
2 Accounting Policies (cont.)
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 £1,500 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:
Fixtures, fittings & equipment
Over 4 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) 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.
g) 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.
h) Financial instruments
The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).
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 The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.
3 Donations
| 3 Donations |
||
|---|---|---|
| Donations of cash and similar Income tax recoverable 4 Income from charitable activities Bible School fees |
2025 £ 211,979 20,902 232,881 2025 £ 8,632 8,632 |
2024 £ 196,076 29,679 |
| 225,756 | ||
| 2024 £ 6,925 |
||
| 6,925 |
Page 10
NEW LIFE CHRISTIAN CENTRE INTERNATIONAL
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
5 Investment income
| Bank interest 6 Charitable expenditure a Costs incurred directly on specific activities Staff & contractor costs Ministers expenses Elders & Leaders expenses Ministries expenses Foodbank & outreach Helps & Hospitality expenses Church running costs Website & communications Grants payable (note 6c) b Costs incurred on support & administration Governance costs Independent examiner's fee Other Office costs Legal & Professional fees Depreciation of tangible fixed assets Total expenditure |
2025 £ 6,593 6,593 2025 £ 81,915 4,499 7,516 31,962 3 3,169 26,550 2,665 158,279 22,981 181,260 2,520 - 2,520 12,777 2,400 330 18,027 199,287 |
2024 £ 5,238 |
|---|---|---|
| 5,238 | ||
| 2024 £ 89,986 4,943 3,348 27,233 176 749 26,186 5,300 |
||
| 157,921 22,325 |
||
| 180,246 | ||
| 2,400 2,633 |
||
| 5,033 12,206 2,180 330 |
||
| 19,749 | ||
| 199,995 |
The fee payable to the independent examiner for preparing and examining the accounts was £2,520 (2024: £2,400); in addition the charity paid Stewardship £672 (2024:£456) for payroll bureau services and in the prior year £1,800 for accounts preparation for the final Trust accounts.
c Grants payable
| Grants for UK and overseas mission Grants for the relief of poverty The comparatives for the previous year are as follows: Grants for UK and overseas mission Grants for the relief of poverty |
Institutions £ 17,781 - 17,781 Institutions £ 15,100 - 15,100 |
Individuals £ 3,000 2,200 5,200 Individuals £ 1,350 5,875 7,225 |
2025 £ 20,781 2,200 |
|---|---|---|---|
| 22,981 | |||
| 2024 £ 16,450 5,875 |
|||
| 22,325 |
Page 11
NEW LIFE CHRISTIAN CENTRE INTERNATIONAL
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
6c) Grants payable (cont.)
The charity's principal grants to institutions comprised:
| charity's principal grants to institutions comprised: | ||
|---|---|---|
| AOG Ministry Valley Life Trust (Mission 24) Christian Concern Good Shepperd Home The Urban Family (Kidz Klub) Peniel Ministry Rapha Ministry City Life International Church Destiny House INT Grants to institutions for less than £1,000 each |
2025 £ 3,600 2,600 2,850 1,800 1,650 2,000 1,200 1,000 1,000 81 17,781 |
2024 £ 1,200 1,200 3,600 1,800 2,200 1,800 3,300 - |
| 15,100 |
7 Analysis of staff costs, the cost of key management personnel and trustee remuneration
The average monthly number of employees during the year was 3 (2024: 3). 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: Eugene Ofori-Atta 37,440 - 1,440 |
2025 £ 38,880 |
|---|---|
| 38,880 |
The following amounts were payable in the previous year:
| Other Employer Wages & employment pension salaries benefits contributions Trustees: Jens Ian Christensen 34,808 - - Eugene Ofori-Atta 3,120 - 150 |
2024 £ 34,808 3,270 |
|---|---|
| 38,078 |
Jens Ian Chrstiensen (until February 2024) and Eugene Ofori-Atta (from March 2024) served as Senior Pastor and received the above payments for serving in that capacity, not for serving as trustees; these payments are permitted by the charity's governing document.
Page 12
NEW LIFE CHRISTIAN CENTRE INTERNATIONAL
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
8 Tangible fixed assets
| Cost At 1 April 2024 Additions Disposals At 31 March 2025 Accumulated depreciation At 1 April 2024 Charge for the year At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 9 Debtors Tax recoverable Other debtors Prepayments and accrued income 10 Cash at Bank and in Hand Cash at bank with immediate access Petty cash 11 Creditors: liabilities falling due within one year Accruals |
Fixtures, fittings and equipment £ 8,220 - - 8,220 7,560 330 7,890 330 660 2025 £ 4,723 1,340 1,500 7,563 2025 £ 339,528 6 339,534 2025 £ 2,520 2,520 |
Total 2025 £ 8,220 - - |
|---|---|---|
| 8,220 | ||
| 7,560 330 |
||
| 7,890 | ||
| 330 | ||
| 660 | ||
| 2024 £ 19,951 1,265 - |
||
| 21,216 | ||
| 2024 £ 279,156 6 |
||
| 279,162 | ||
| 2024 £ 4,950 |
||
| 4,950 |
12 Pension commitments
During the year employer’s pension contributions totalling £1,440 (2024: £1,800) were payable to defined contribution personal pension schemes. Nothing was owing at the balance sheet date for pension contributions
Page 13
NEW LIFE CHRISTIAN CENTRE INTERNATIONAL
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
13 Funds
During the year the movements in the charity's funds were as follows:
| General Unrestricted Funds Total Unrestricted Funds Restricted Funds Building Fund Aggregate of funds |
Opening balance 2025 £ 49,902 49,902 246,186 246,186 296,088 |
Incoming resources 2025 £ 239,302 239,302 8,804 8,804 248,106 |
Outgoing resources 2025 £ (199,287) (199,287) - - (199,287) |
Transfers in the year 2025 £ (18,107) (18,107) 18,107 18,107 - |
Gains and losses 2025 £ - - - - - |
Closing balance 2025 £ 71,809 |
|---|---|---|---|---|---|---|
| 71,809 | ||||||
| 273,098 | ||||||
| 273,098 | ||||||
| 344,907 |
The transfers referred to above were made for the following reasons:
a) From General Funds to Building Fund to correct for restricted donations received in previous years but used for general expenses
Analysis of net assets by fund
The assets and liabilities of the various funds were as follows:
| Tangible fixed assets Debtors Cash at bank and in hand Creditors falling due within one year |
General Designated funds funds £ £ 330 - 7,563 - 66,436 - (2,520) - 71,809 - Unrestricted Funds |
Restricted funds £ - - 273,098 - 273,098 |
2025 £ 330 7,563 339,534 (2,520) |
|
|---|---|---|---|---|
| General funds £ 330 7,563 66,436 (2,520) 71,809 |
||||
| 344,907 |
In the previous year the movements in the charity's funds were as follows:
| General Unrestricted Funds Total Unrestricted Funds Restricted Funds Building Fund Aggregate of funds |
Opening balance 2024 £ 25,500 25,500 232,664 232,664 258,165 |
Incoming resources 2024 £ 224,397 224,397 13,522 13,522 237,918 |
Outgoing resources 2024 £ (199,995) (199,995) - - (199,995) |
Transfers in the year 2024 £ - - - - - |
Gains and losses 2024 £ - - - - - |
Closing balance 2024 £ 49,902 |
|---|---|---|---|---|---|---|
| 49,902 | ||||||
| 246,186 | ||||||
| 246,186 | ||||||
| 296,088 |
Page 14
NEW LIFE CHRISTIAN CENTRE INTERNATIONAL
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
13 Funds (cont.)
Analysis of net assets by fund
In the previous year, the assets and liabilities of the various funds were as follows:
| Tangible fixed assets Debtors Cash at bank and in hand Creditors falling due within one year |
General Designated funds funds £ £ 660 - 21,216 - 32,976 - (4,950) - 49,902 - Unrestricted Funds |
Restricted funds £ - - 246,186 - 246,186 |
2024 £ 660 21,216 279,162 (4,950) |
|
|---|---|---|---|---|
| General funds £ 660 21,216 32,976 (4,950) 49,902 |
||||
| 296,088 |
The restricted Building Fund is donations received towards the purchase of a building in the future.
14 Operating lease commitments
The charity has an operating lease for its church office. The minimum amount payable (until the next break clause and ignoring the potential effect of future rent reviews) in respect of this lease is as follows:
| Within one year Payments falling due: |
2025 £ 921 921 |
2024 £ 3,542 |
|---|---|---|
| 3,542 |
During the year the charity was charged £4,939 (2024:£4,723) for its operating lease.
15 Transactions with related parties
During the year the charity:
a) received donations totalling £28,577 (2024: £12,400) from related parties (which includes trustees, any other members of key management and anyone closely connected to them).
b) No expenses (2024: £nil) were paid to, or for, the trustees.
During the year the charity also made the following payments to, or for, related parties:
a) Sonia Young, who is a trustee, received payments totalling £9,000 (2024: £9,040) for providing administrative services to the charity.
Page 15
NEW LIFE CHRISTIAN CENTRE INTERNATIONAL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES
FOR THE YEAR ENDED 31 MARCH 2025
| Note INCOME AND ENDOWMENTS FROM: Donations 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 |
General Designated 2025 2025 £ £ 230,669 - 8,632 - - - 239,302 - 199,287 - 199,287 - 40,015 - (18,107) - 21,907 - 49,902 - 71,809 - Unrestricted funds |
Restricted 2025 £ 2,212 - 6,593 8,804 - - 8,804 18,107 26,912 246,186 273,098 |
Total 2025 £ 232,881 8,632 6,593 248,106 199,287 199,287 48,819 - 48,819 296,088 344,907 |
General Designated 2024 2024 £ £ 217,472 - 6,925 - - - 224,397 - 199,995 - 199,995 - 24,402 - - - 24,402 - 25,500 - 49,902 - Unrestricted funds |
Restricted 2024 £ 8,284 - 5,238 13,522 - - 13,522 - 13,522 232,664 246,186 |
Total 2024 £ 225,756 6,925 5,238 237,918 199,995 199,995 37,923 - 37,923 258,165 296,088 |
|||
|---|---|---|---|---|---|---|---|---|---|
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