## 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:
- 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.
- Sunday school for ages 3yrs to 16yrs to learn Bible stories, discuss and develop the spiritual growth of children and young people.
- 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.
- Christian Development Course for new believers and newcomers to NLCCI.
- • Men and women’s ministries providing various events and meetings to support the growth of men and women of faith.
- Provision of pastoral care for members and people living in the local community.
- 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.
- Street Evangelism, mission, and outreach.
- 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:
1. Correct handling of funds and operation of bank accounts held in its name.
2. Proper records being maintained, and financial information used within the charity or for publication is reliable.
3. Delegating responsibility thus ensuring that there is adequate segregation of duties and division of labour.
4. Consideration by the Trustees of the financial results and non-financial indicators.
5. 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:
- select suitable accounting policies and then apply them consistently.
- observe the methods and principles in the Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent.
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and
- 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:
1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## 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|
|---|---|---|---|---|---|---|---|---|---|
Page 16