Company Registration Number: 00006039
Charity Number: 253206
The General Conference of The New Church
acom
an
limited b
uarantee
Trustees, Report and Financial Statements
For the year ended 31 March 2025

The General Conference of The New Church (a company limited by guarantee)
Trustees, Report
For the year ended 31 March 2025
The Trustees (who are also directors of the company for the purposes of the Companies Act) present their
annual report together with the audited financial statements of The General Conference of the New Church
{Ihe company) for the year ended 31 March 2025. The Trustees confirm that the annual report and financial
statements of the company comply with the current statutory requirements, the requirements of the company s
governing document and the provisions of Financial Reporting Standard 102 {FRS1021.
Objectives and activities
The objects of the General Conference of the New Church Ilhe Conferencel are corrtained in the Memorandum
and Articles ofAssociation. The fundamental object is'.-
'The fomalion into a corporate body under the above tille for the purposes of Religion and not for the purposes
of gain of Receivers of the Doctrines of the New Church, signtfied by the New Jerusalem in the Apocalypse or
Revelation of John, as contained in the Theological Writings of the Honourable Emanuel Swedenborg, and for
the doing of all such things as the Members in General Meeting, or the Council appointed in accordance wtth
the Articles of Association registered herewith, shall from lime to time determine or think necessary for
disseminating or sustaining the said Doctrines.
The Mission of the Conference 'is to express, share and experience with others in life an inclusive, non-
judgemenlal vision of God's kingdom. The Vision of the Conference 'is of a network of individuals & groups
interacting together to share spiritual insight & understanding in an open & non-judgemental way, in order lo
promote spiritual growth through the application to life of the Word. and the Writings of Emanuel Swedenborg.,
In shaping our objectives for the year and planning activities the trustees have considered the Charity
Commission's guidance on public benefit as required by section 4 of the Charities Act 2006 and in particular,
the specific guidance in relation lo the advancement of religion.
The strategies employed lo achieve the charity's aims and objectives are to..
provide the traditional form of worship and Ministerial guidance.,
support local communities by recognising that most church premises are used to benefit the general public as
food banks, sch(x)l uniform resources centres, community project Cenlres, breakfast clubs, advice centres,
school holiday activities and community gardening., and
support local groups, especially those where local services have been in sharp decline in recent years following
council funding issues, such as art groups, concerts, circle dancing, music & singing group, fellowship circle,
Kumon, yoga, sewing group, whist drive, local Scarecrow Festival, Women's World Day of Prayer, discussion
groups, quiz nights, weight watchers clubs, line dancing, tai chi, alcoholic anonymous, scrabble club and U3A.
The location and a map of the churches is available on the Conference's website and many churches also
have their own website.
The Conference is very involved in local communities and relies on voluntary help. Over 20 volunteers assist
with running many of the events and the Conference is immensely proud and appreciative of their ongoing
support.

The General Conference of The New Church (a company limited by guarantee)
Trustees, Report {continued)
For the year ended 31 March 2025
Achievement and performance
General performance
The Association now has 10 societies or local churches recognised by the Conference. They are located
throughout the UK.
The Conference and ils local churches, in common with the Mission and Vision Statements, welcome anyone
lo join in worship. The formal of the services of worship varies from church lo church bul there is eX￿lIent
opportunity for non-members of the Church to join in worship.
In general, the allendance at worship has been steadily declining over many years. which has sadly resulted
in the closure of some local churches. The Trustees recognise that this traditional form of worship has
enormous and valuable use for those who attend.
Nonetheless the Trustees have considered other strategies which may be used to reach other people who are
seeking some form of spirituality in their lives. Web hosting is one of these, through the web sites of..
eneralconference.or
iritualwisdom.or
urle
chasecenlre.or
ocal
se-of- ohn.or
ueslions.or
www.newchurchcam
www.solce.or .uk.
.uk',
The Trustees continue to be pleased with the use of Purley Chase, the organisation's national residential retreat
cenlre. The centre's calendar eombines a varied selection of traditional and also new events. These have been
successful and have attracted new people, several of whom have continued to attend fulLJre events there. In
addition lo the events, a monthly service of worship is held at Purley Chase and all are welcomed. An annu81
carol service is organised at Christmas followed by refreshments to which all are welcome. A display board
located next lo the gates by the main road has led to an increase in visits from people passing by. A quarterly
newsletter and email giving details of particular events are distributed to anyone who registers their interest.
Increasingly non-New Church people are using the centre for short breaks and lo attend events. Afee structure
for workshops at local churches and other centres has been agreed. The aim is to Pay realistic fees that
gradually increase in line with rises in costs. During the year the centre has achieved an increase in income of
600/0.
Investment perfomiance
An appointed team {Finance Advisory Committee - FACI meets with the two largest investment management
companies, Newton Investment Management and Rathbones, twice a year lo review investment performance
against agreed benchmarks. The FAC reports back lo the trustees on performance, the income outlook, any
Concerns, for example, changes to the investment management team and administration of the funds. Both
investment managers screen companies based on environmental, social and governance criteria and maintain
active engagement with the boards of invested companies. During the year tx)Ih key investment managers
have achieved their inwme targets despite the challenging market conditions.

The General Conference of The New Church (a company limited by guarantee)
Trustees, Report {continued)
For the year ended 31 March 2025
Other performance measurgs
Quarterly financial reports are reviewed at Council meetings that include income and expenditure, balance
sheet and cash flow for the year lo date compared with the same period in the previous year and prior years.
Purley Chase Centre has a management team that also receives quarterly financi81 reports that are reviewed
at ils meetings. Other areas such as the Youth and Family team and Finance Advisory Committee send in
reports lo the Council lo be reviewed and discussed with perfomiance being monitored in that way rather than
financial targets. Other areas of the organisalion also send in reports on activities undertaken and annual
reports are produced and discussed by members al the Annual Meeting.
Financial review
Reserves policy
The Iruslees remain confident that its financial reserves will be adequate to meet future commitments.
The total funds held as at 31st March 2025 were £35.359k of which £8,711 k represent unrestricted
funds.
During the year there was an overall surplus of £433k which was largely driven by property sales,
investment portfolio gains and an increase in Purley Chase Centre income.
The ongoing financial support of Purfey Chase Centre continues to be a lop priority. For the year ending
31 st March 2025 nel expenditure was £249k and will likely continue to rise in future years due lo general
cost increases and planned Maintenan￿ work.
The cash reserves as al 31st March 2025 were £1,682k. These cash reserves are equivalent lo
approximately 19 months of unrestricted expenditure. If access to income was suddenly withdrawn 19
months is seen as a reasonable amount oftime to find alternative income sources without having lo reduce
expenditure on current activities.
The m2jorily of the financial reserves are in the form of investments that are seen as more of a form
of generating income for the longer term than as short-term reserves. During the year the two key
investment managers have achieved their income targets and the portfolio has increased in value de8Plte
the challenging market conditions.
Principal funding sources
Principal funding SoUr￿S are contributions from investment income, contributions from Societies. legacies and
the assets of Societies that close. During the year three properties have been sold al Boumemoulh. Clayton
Le Moors and Radcliffe. It is anticipated that there will be further property sales in the future as Societies
continue to close and consequently church buildings are sold.
Investment policy
The investment objectives of the two porttolios, one managed by Newion Investment Management ICIFI and
the other by Ralhbones Ifree inveslmenlsl have remained unchanged from the previous year. The policy is lo
have a 50150 split between capital growth and income received. During the year these portfolios have achieved
their income targets and overall the investment portfolio has increased in value despite the challenging market
conditions.

The General Conference of The New Church (a company limited by guarantee)
Trustees, Report {continued)
For the year ended 31 March 2025
Plans for future periods
The Trustees intend lo continue the activities outlined above in the forthcoming year and review these al
Council meetings. The Council is very conscious of the need to provide for younger people and attract them
into conferen￿ membership and to this end has two part-lime Youth Leaders, one working 16 hours a week
and one working 10 hours a week. Two ministers are also involved in this work. Young People have and
continue to be heavily discounted or not charged al all lo attend events al Purfey Chase Centre and to allend
the AGM held in Swanwick each year. This has increased the number of young people attending events and
even encouraged them to assist with leading future events.
Reference and administrative details
Charity registration number
Company registration number
Registered office
253206
00006039
Purley Chase Centre
Purley Chase Lane, Manceller, Atherstone,
Warwickshire, CV9 2RQ
Our advlsers
Auditors
Bates Weston
The Mills, Canal Street, Derby, DE12RJ
Bootle, Merseyside, L30 4GB
14 Market Place, Wells, Somerset, BA5
2RE
BNY Mellon Cenlre, 160 Queen Victoria
Street, London, EC4V 4LA
30 Gresham Street, London, EC2V 7QN
Bankers
Sanlander
Solicitors
Harris & Harris
Key investment managers
Newton
Rathbone
Trustees and other office holders
Elected trustees
M L Cowie
B R Jarvis
P N Brooks
S Chesworth
JEFord
B Friend
PA Grimshaw
T Millar
N K Suiton
J L Walton
P N Brooks
JEFord
Chairperson
Vice-chairperson
{8ppointed 201081251
{8ppointed 201081251
{resigned 04104124}
{appointed 251071241
{resigned 24107125}
{appoint8d 201081251
{appointed 11103125, resigned 241071251
{appoint8d 11103125, resigned 24107125)
Co-opted Iruslees
Company accountant
Company secretary
Spiritual leader
Deputy spiritual leader
P D Mehew
S N Welch
{appointed 081041241
Revd J Dunion
Revd R M Jarratt

The General Conference of The New Church (a company limited by guarantee)
Trustees, Report {continued)
For the year ended 31 March 2025
Structure, governance and management
Governlng doeument
The organisalion is a ch8rtt8ble company limited by guarantee, incorporated on 16 February 1872 and
registered as a charity on 11 July 1967. The company was established under a Memorandum of Association
which established the objects and powers of the charitable company and is governed under ils Articles of
Association. In the event of the company being wound up, members are required lo contribute an amount not
exceeding £5.
Recrultment and appolntment of new trustees
The Board of Trustees Ithe Councill should consist of eight m8mb8rs, elected by the voting members al the
annual meetings of the Charity, who, with the Company Secretary and Company Accountant, administer the
Charity. Under the terms of the Memorandum and Articles of Association it was ne￿SSary to co-opt two
Members to the Council until the 2025 AGM. It is the Council's intention to submit a proposal to the Members
lo allow for a reduced number of Trustees in the future. Also, under the terms of the Memorandum and Articles
of Association the Chairperson and Vice-chairperson serve for a term of four years, and the other six
Councillors for three years. Al present the Council has a Chairperson, a VI￿-¢haIrMan and 6 Trustees, two of
whom are co-opted. One of the Trustee's term of office concludes in July 2025 and wll seek re*leclion at the
AGM in July 2025. Another will be retiring early. Neither of the co-opted are seeking election. Members take a
lead in a specific policy area, working closely with the officers between meetings. The Council is actively
seeking volunteers by writing articles for the on-line newsletter and by a video created by our Marketing and
Media Co-ordinator.
Organisational structure
The Council has met thirteen limes this year, one of which was the AGM, and another in person, the rest being
held virtually via Zoom. The Council is responsible for the policies and strategic direction of the General
Conference.
The Company Accountant performs the duties defined in Article 2 as being those of the Treasurer but. as the
Article permits, he uses the preferred lille Company Accountant. A Finance Manager holds the investment
sponsibilities. The Company Secretary, the Company Accounlanl, the Secretary of the Committee of
Ministers, the Spiritual Leader, Deputy Spiritual Leader and the President of New Church College allend
meetings of the Council by standing invitation bul have no voting rights. A scheme of delegated authority has
been approved by the Council for the major officers and appropriate employees. When taking on employees,
remuneration is calculated based on the current market rale for what they are employed lo do. The Trustees
review annually all employees, salaries with reference lo the average weekly eamings slatislics at the March
Council meeting. A new Company Accountant was appointed on 8th April 2024.
Related parties and funds held as Custodian Trustee
Full disclosure of related parties and transactions as they affect the Conference are Contained in Note 20 to
th8 financial statements.
Policies and procedures
The charity has formal documented policies in relation to risk management, investrnents, anti-bribery and anti-
Corruption, financial procedures, safeguarding, bullying and harassment, health and safely and data protection.

The General Conference of The New Church (a company limited by guarantee)
Trustees, Report {continued)
For the year ended 31 March 2025
Policies and procedures {continuedl
The Trustees have a risk management process that comprises-.
an annual review of the risks the charity faces.,
the establishment of systems and procedures to miligale those risks identified., and
the implementation of procedures designed lo minimise any FX)lenlial impact on the charity should those risks
materialise.
This work has identified that financial sustainability is the major financial risk which is being managed by a
combination of the reserves policy, internal reporting requirements and a strengthening of the intemal control
procedures around payments and cash. The other major risk identified was safeguarding for which there is a
documented and periodically reviewed policy in p180e.
Trustees, responsibilities statement
The Trustees (who are also the directors of The General Conference of The New Church for the purposes of
company lawl are responsible for preparing the Trustees, Report and the financial statements in accordance
with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practi￿).
Company law requires the Trustees to prepare financial statements for each financial year that give a true and
fair view of the stale of affairs of the charitable company and of the incoming resour￿$ and application of
resources, including the income and expenditure, of the charitable company for that period. In preparing those
financial slatemenls, the Trustees are required lo..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charity SORP.,
make judgements and estimates that are reasonable and PTudent',
prepare the financial statements on the going concem basis unless il is inappropriate lo presume that
the charitable company will continue in business.
The Truslees are responsible for keeping proper accounting records which disclose wtth reasonable accuracy
at any lime the financial position of the charitable company and to enable them to ensure that the financial
statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the
charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.

The General Conference of The New Church (a company limited by guarantee)
Trustees, Report {continued)
For the year ended 31 March 2025
Provision of information to auditors
So far as the Trustees are aware, there is no relevant information las defined by Section 418 of the Companies
Ad 20061 of which the charitable company's auditors are unaware, and each Trustee has taken all the steps
that they ought to have taken as a Trustee in orderto make them aware of any audit information and to establish
that the charitable company's auditors are aware of that infomialion.
Approved by order of the members of the board of Trustees and signed on their behalf by=
Maryaret L Cowie (Chair of Trustees}
Dale..
0910912025

Independent auditor's report to the members of
The General Conference of the New Church
Opinion
We have audited the financial statements of The General Conference of the New Church (the 'charity'l for the
year ended 31 March 2025 which comprise the Statement of financial aclivilies, the Balance sheet, the
Statement of cash flows and the related notes, including a summary of significant accounting policies. The
financial reporting framework that has been applied in their preparation is applicable law and United Kingdom
Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, (United Kingdom GenerallyAccepted Accounting Praclicel.
In our opinion the financial statements..
give a true and fair view of the stale of the charitable company's affairs as al 31 March 2025 and of its
incoming resources and application of resources, including its income and expenditure for the year then
ended.,
have been properly prepared in accordance wth United Kingdom Generally Accepted Accounting
Practice,. and
have been prepared in accordance wth the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and
applicable law. Our responsibilities under those standards are further described in the Auditors. responsibilities
for the audit of the financial statements section of our report. We are independent of the charitable company
in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the
United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fU￿illed our other
ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriale to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees. use of the going ￿nCeM basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
Conditions that, individually or collectively, may cast significant doubt on the Charitable company's ability to
continue as a going concern for a period of at least iwelve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concem are described in the
levant sections of this report.
other Infomiatlon
The other information comprises the information included in th8 Annual r8POrt other than the financial
statements and our Auditors. report Ihereon. The Trustees are responsible for the other infomialion contained
within the Annual report. Our opinion on the financial slatemonls does not cover the other information and,
except to the extent otherwise explicitly staled in our report, we do not express any form of assurance
conclusion thereon. Our responsibility is lo read the other information and, in doing so, consider whether the
other information is materially inconsistent with the financial slat8menls or our knowledge obtained in the
course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies
or apparent material misstatements, we are required to determine whether this gives rise lo a material
misstatement in the financial statements themselves. If, based on the work we have performed, we conclude
that there is a material misstalemenl of this other infomialion, we are required to report that fact.
We have nothing lo report in this regard.

Independent auditor's report to the members of
The General Conference of The New Church (continued)
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the Trustees, report for the financial year for which the financial statements are
prepared is consislenl with the financial statements.
the Trustees, report has been prepared in accordance wtth applicable legal requirements.
Mattets on which we are required to report by exception
In the light of our kno￿edge and understanding of the charitable company and ils environment obtained in the
course of the audit, we have not identified material misstatements in the Trustees, report.
We have nothing lo report in respect of the following mallers in relation lo which Comp8nies Act 2006 requires
us to report lo you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been
re￿iVed from branches not visited by us., or
the financial statements are not in agreement with the accounting records and returns., or
certain disclosures of Trustees, remuneration specified by law are not made., or
we have not received all the information and explanations we require for our audit., or
the Trustees were not enlilled to prepare the financial statements in accordance with the small
companies regime and lake advantage of the small companies. exemptions in preparing the Trustees,
report and from the requirement lo prepare a Strategic report.
Responsibilities of trustees
As explained more fully in the Trustees, responsibilities statement, the Trustees Iwho are also the directors of
the charitable company for the purposes of company lawl are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal control as the
Trustees determine is necessary to enable the preparation of financial statements that are free from material
misslatemenl, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable company's
ability to continue as a going cOn￿rn, disclosing, as applicable, matters related to going concern and using
the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or
lo cease operations, or have no realistic altemalive but to do so.
Auditors. responsibilities for the audit of the financial statements
Our objectives are lo obtain reasonable assurance about whether the financial slalemenls as a whole are free
from material misstalemenl, whether due lo fraud or error, and lo issue an Auditors, report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial stalemenls.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, lo delect material misslalemenls in respect of
irregularities, including fraud. The extent to which our prO￿dureS are capable of detecting irregularities,
including fraud is detailed below..
Based on our understanding of the company and industry in which it operates, we considered those laws and
regulations that have a direct impact on the preparation of the financial statements such as the Companies Act
2006 and Charities Act 2011. Audit procedures p8rform8d by the engagement team included..

Independent auditor's report to the members of
The General Conference of The New Church (continued)
Enquiry of management aroLJnd actual and FX)lential litigation and claims.,
Reviewing financial statement disclosures and lesting lo supporting documentation to assess
compliance with applicable laws and regulations.,
Performing audit work over the risk of management override of controls, including testing of joumal
entries and other adjustments for appropriateness, evaluating the bLJsiness rationale of significant
transactions outside the normal course of business and reviewing accounting eslimales for bias.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities. including
those leading to a material misstatement in the financial statements or non-compliance with regulation. This
risk increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves
intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at.. www.frc.or
.uklauditorsres
onsibilities. This description fomis part of our
Auditors, report.
Use of our report
This report is made solely to the charitable company's members, as a body, in ac￿rdance with Chapter 3 of
Part 16 of the Companies Act 2006. Our audit wort( has been undertaken so that we might state to the charitable
company's members those matters we are required lo stale lo them in an Auditors. report and for no other
purpose. To the fullest exlenl permitted by law, we do not accept or assume responsibility lo anyone other than
the charitable Company and its members, as a body, for our audit work, for this report, or for the opinions we
have fomied.
Wayne Thomas FCA Isenior Statutory Auditor) for and on behalf of Bates Weston Audit Ltd
Statutory Auditors
Chartered Accounlanls
The Mills
Canal Street
Derby
DE1 2RJ
Dale.. 02/1012025
10

The General Conference of The New Church (a company limited by guarantee)
Statement of financial activities (incorporating income and expenditure account)
For the year ended 31 March 2025
Endowment
funds
2025
£'ooo
Restricted
funds
2025
£'ooo
Unrestricted
funds
2025
£'ooo
Total
funds
2025
£.000
Total
funds
2024
£,000
Note
Income and
endowments from:
Donations and legacies
Charitable activities
Investments
Totsl income and
endowments
539
208
163
548
208
744
278
130
789
577
586
910
1.500
1,197
Expenditure on:
Raising funds
Charitable activities
Other expenditure
(1261
(1891
(1551
(391
11,0001
11651
11,1931
11551
11541
11,0741
12071
14)
Total expendlture
470
1,435
Net gainslllossesl on
investments
Net incomel
{expenditurel
Transfers between
funds
14
497
(651
446
2,421
14
613
{1941
433
2,183
15
12)
(2401
242
Net movement in
funds
12
373
433
2,183
Reconciliation of
funds..
Total funds brought
forward
2,256
24,007
8,663
34,926
32,743
Net movement in funds
12
373
433
2,183
Totsl funds Carried
forward
2,268
24,380
8.711
35,359
34,926
The Statement of financial activities includes all gains and losses recognised in the year.
11

The General Conference of The New Church (a company limited by guarantee)
Balance sheet
As at 31 March 2025
2025
£'ooo
2024
£'ooo
Note
Fixed assets
Tangible assets
Investments
1.850
32,366
34.216
1,917
32,085
34,002
12
Current assets
Stocks
Debtors
Cash at bank and in hand
Total current assets
13
29
1.682
1.712
12
942
956
Creditors {amounls falling due within one yearl
14
1569)
1321
Net current assets
1.143
924
Total net assets
35,359
34,926
Charity funds
Endowment funds
15
2,268
24,380
8.711
35,359
2,256
24,007
8,663
34,926
Restricted funds
15
Unreslricled funds
Total funds
15
The trustees acknowledge their responsibilities for complying with the requirements of the Act wrfch respect lo
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject
lo the small companies regime.
The financial statements set out on pages 11 10 27 were approved and authorised for issue by the Trustees
and signed on their behalf by..
Margaret L Cowie
Chair of Trustees
Dale.. 0910912025
12

The General Conference of The New Church (a company limited by guarantee)
Statement of cash flows
For the year ended 31 March 2025
2025
£'ooo
2024
£'ooo
Note
Cash flows from operating activities
Net cash used in operating activities
17
{1631
18111
Cash flows from investing activities
Dividends, interest and rent from investments
Purchase of tangible fixed assets
PrO￿edS from sale of investments
Net cash provided from investing activities
744
{61
165
789
1281
154
903
915
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and Cash equivalents at the end of the year
740
942
1,682
104
838
942
18
13

The General Conference of The New Church (a company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2025
Summary of significant accounting policies
The charity is a company limited by guarantee. The members of the company are the Trustees named
on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited
to £5 per member of the charity.
(a) Basis of preparation
The financial statements have been prepared in accordan￿ with the Charities SORP IFRS 1021
Accounting and ReFK)rting by Charities.. Statement of Recommended Practi￿ applicable lo charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 {effective 1 January 20191, the Financial Reporting Standard applicable
in the UK and Republic of Ireland {FRS 102} and the Companies Act 2006.
The General Conference of the New Church meets the definition of a public benefit entity under FRS
102. Assets and liabilities are initially re¢ognised al historical cost or transaction value unless otherwise
staled in the relevant awounting policy.
(bl Income
All income is recognised once the Charity has entillemenl to the income, it is probable that the income
will be received and the amount of income re￿1vable can be measured reliably.
For legacies, enlitlemenl is taken as the earlier of the dale on which either.. the charity is aware that
probate has been granted, the eslale has been finalised and notification has been made by the
execulorlsl lo the Trust that a distribution will be made, or when a distribution is received from the
estate. Re￿Ipt of a legacy, in whole or in part, is only considered probable when the amount can be
measured reliably and the charity has been notified of the executor's intention lo make a dislribulion.
Where legacies have been notified lo the charity, or the Charity is aware of the granting of probate, and
the criteria for income recognition have not been met, then the legacy is treated as a contingent assel
and disclosed if material.
{c) Expenditure
ExpendilLJre is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, 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 classified by activity. The costs of
each activity are made up of the total of direct costs and shared costs, including support costs involved
in undertaking each aclivily. Direct costs attributable lo a single activity are allocated directly to that
aclivily. Shared costs which contribute to more than one activity and support costs which are not
allribulable to a single activity are apportioned between those activities on a basis consistent with the
use of resources. Centml staff costs are allocated on the basis of lime spent, and depreciation charges
allocated on the portion of the asset's use.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity
and include project management carried out al Headquarters.
Costs of generating funds ar8 costs incurred in attracting voluntary income, and those incurred in
trading activities that raise funds.
14

The General Conference of The New Church (a company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2025 {continued)
Summary of significant accounting policies {continued}
(c) Expendlture (contlnuedl
Charitable activities and Govemance costs are costs incurred on the charity's educational operations.
including support costs and costs relating to the governance of the charity apportioned lo charitable
aclivilies.
(dl Interest receivable
Interest on funds held on d8posII is included when receivable and the amount can b8 measured reliably
by the Charity,. this is nomially upon notification of the interest paid or payable by the institution with
whom the funds are deposited.
(e) Tax
The Charity is considered lo pass the tests sel out in Paragraph 1 Schedule 6 of the Finan￿ Act 2010
and therefore il meets the definition of a charitable company for UK corporation lax purposes.
Accordingly, the Charity is potentially exempl from taxation in respect of income or capital gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied
exclusively to charitable purposes.
{fj Tangible fixed assets
Tangible fixed assets costing £500 or more are capilalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are carried at cost. net of depreciation and any provision for impairment.
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated
residLJal value, over their expected useful lives on the following bases..
Freehold property
- 2Yo on cost
Office equipment
25 % on cost
(gl Fixed asset investments
Fixed asset investments are a form of financial instrument and are initially recognised at their
transaction cost and subsequently measured al fair value al th8 Balance sheet dale, unless th8 value
cannot be measured reliably in which case il is measured at cost less impaim)ent. Investment gains
and losses, whether realised or unrealised, are combined and presented as 'Nel gainsl{lossesl on
inveslmenls, in the Slalemenl of financial activities.
The pooled investments of the Common Investment Fund established 6 April 1966, also slated at
market value, hold investments of both the Conference and certain of ils local societies and institutions
and comprise the unil holders which have an undivided portion of the pool.11 is consequently treated
as a restricted fund of the Conference. The income arising in the year is accounted gross as an
incoming resour￿ in the Statement of financial activities. The payment thereof to individual societies
of their respective portions of this income is treated as an outgoing resource.
15

The General Conference of The New Church (a company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2025 {continued)
Summary of significant accounting policies {continued}
(gl Fixed asset investments (continued)
The funds comprising the Common Investment Fund derive from both restricted and unreslricled funds
of the Conference. Transfers between these funds may arise in the year lo account for any additions
and withdrawals of capital to the Common Investment as is appropriate. The Conference's annual
income deriving from these funds is only transferred, as is appropriate, when payment is made from
the Common Investment Fund to the Conference.
(h) Debtors
Trade and other debtors are recognised al the selllemenl amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash al bank and in hand includes cash and short-lemi highly liquid investments with a short malurily
of three months or less from the date of acquisition or opening of the deposit or similar account.
til
Liabilities and provisions
Liabilities are re¢ognised when there is an obligation at the Balance sheet date as a result of a past
event, il is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably. Liabilities are recognised al the amount that the charity
anticipates it will pay to settle the debt or the amount it has received as advanced payments for the
go(xls or services it must provide. Provisions are measured at the best estimate of the amounts
required lo sellle the obligation. Where the effect of the time value of money is material, the provision
is based on the present value of those amounts, discounted al the pre-tax discount rate that reflects
the risks specific to the liability. The unwinding of the discount is recognised within interest payable
and similar charges.
(k) Pensions
The Charity opeffttes a defined contribution pension scheme and the pension charge represents the
amounts payable by the Charity lo the fund in respect of the year.
Fund accounting
General funds a￿ unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Designated endowment funds comprise unrestricted funds that have been set aside by the Trustees
for particular purposes. The aim and use of each designated fund is sel out in the notes lo the financial
statements.
Restricted funds are funds which are lo be used in accordan￿ with specific restrictions imposed by
donors or which have been raised by the Charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
16

The General Conference of The New Church (a company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2025 {continued)
Summary of significant accounting policies {¢ontinued}
{1} Fund accounting (continued)
Investment income, gains and losses are allocated to the appropriate fund.
Income from donations and legacies
Restrlcted
funds
2025
£'ooo
Unrestrlcted
funds
2025
£'ooo
Total
funds
2025
£'ooo
Total
funds
2024
£'ooo
Donations
Donations- property proceeds
Legaeies
Trust
Society contributions
Total 2025
32
356
32
356
85
20
60
113
278
55
105
548
105
539
Total 2024
268
278
Income from charltable actlvltles
Unrestricted
funds
2025
£'ooo
Total
fvnds
2025
£'ooo
Total
funds
2024
£'ooo
Purley Chase Centre
208
208
130
Total 2024
130
130
17

The General Conference of The New Church (a company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2025 {continued)
Investment income
Endowment Restricted Unrestricted
funds
funds
funds
2025
2025
2025
£'ooo
£'ooo
£'ooo
Total
funds
2025
£'ooo
Total
funds
2024
£'ooo
Rents received
Dividends
Deposit account interest
559
18
577
144
18
163
707
36
744
746
43
789
Total 2024
585
200
789
Analysis of grants
Grants to
institutions
2025
£'ooo
Total
funds
2025
£'ooo
Total
funds
2024
£'ooo
Bradford New Church
33
33
16
Analysis of expenditure on charitable activities
Summary by fvnd type
Endowment Rostrictgd Unrostricted
funds
funds
funds
2025
2025
2025
£'ooo
£'ooo
£'ooo
Totsl
funds
2025
£'ooo
Total
funds
2024
£'ooo
Publishing
Purley Chase Centre
Ministerial
Outreach and education
Management and
administration
457
133
57
350
457
285
90
356
403
151
33
45
337
189
1,000
1,193
1074
Total 2024
176
894
1,074
18

The General Conference of The New Church (a company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2025 {continued)
Other expenditure
Restricted
funds
2025
£'ooo
Total
funds
2025
£'ooo
Total
funds
2024
£'ooo
Societies, income on CIF for the year
Societies, withdrawals from the CIF
140
15
155
140
15
155
127
80
207
Total 2024
207
207
Analysis of expenditure by activities
Actlvltles
Grant
undertaken funding of Support
dlrectly actlvities
costs
2025
2025
2025
£'ooo
£'ooo
£'ooo
Total
funds
2025
£'ooo
Total
funds
2024
£'ooo
Publishing
Purley Chase Centre
Ministerial
Outreach and education
Management and
administration
457
285
57
457
285
90
356
403
284
45
337
33
355
805
33
355
1.193
1074
Total 2024
722
16
336
1,074
Analysis of support costs
Total
funds
2025
£'ooo
Totsl
funds
2024
£'ooo
Staff costs
Depreciation
Management and administration
Auditors, remuneration
Auditors, remuneration non-audit work
Sundries
Travel
159
73
112
15
138
86
79
17
{91
355
336
19

The General Conference of The New Church (a company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 20251continued)
Staff costs
2025
£'ooo
2024
£'ooo
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
517
43
50
610
469
37
42
548
The average number of people employed by the Charity during the year was as follows..
2025
No
2024
No
Charitable services
Management and administration
16
16
21
20
No employee received remuneration amounting lo more than £60,000 in either year.
The board of Iruslees are considered lo be the key management personnel.
10
Trustees, remuneration and expenses
During the year. no Trustees received any remuneration or other benefils12024 - £nill.
During the year, expenses totalling £3,00012024- £3,000) were reimbursed or paid directly to 512024
41 Trustees.
20

The General Conference of The New Church (a company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2025 {continued)
11
Tangible fixed assets
Freehold
property
£'ooo
Office
equipment
£'ooo
Total
£'ooo
Cost
At 1 April 2024
Additions
At 31 March 2025
2,881
234
3.115
2,881
240
3,121
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
1997)
{58)
(1.055)
{2011
1151
{2161
11,1981
(731
11,2711
Net book value
At 31 March 2025
1,826
24
1,850
At 31 March 2024
1,884
33
1,917
12
Fixed asset investments
Listod
Investments
£'ooo
Valuation
Al 1 April 2024
Disposals
Revaluations
32.085
1165)
446
Al 31 March 2025
32,366
Common investment fund
Total listed investments include amounts held as a Common Investment Fund {CIF}, whose
participants a￿ Societies and Groups affiliated with the Conference. Financial statements for the CIF
are separately prepared.
21

The General Conference of The New Church (a company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2025 {continued)
12
Fixed asset investments (continued)
Common investment fund Icontinuedl
Llsted
investments
£'ooo
Valuation
Al 1 April 2024
Disposals
Revaluations
25.310
1126)
517
Al 31 March 2025
25,701
Of the £577,00012024'. £585,000) income generated, £556.00012024'. £583,000) was distributed to
unil holders and £nil {2024'. £nill was charged as administration costs.
13
Debtors
2025
£'ooo
2024
£'ooo
Trade debtors
Other debtors
Prepayments and accrued income
17
11
12
12
14
Creditors {amounts falling due within one year)
2025
2024
£'ooo
£'ooo
Trade creditors
Other creditors
Accruals and deferred income
11
536
26
32
569
22

The General Conference of The New Church (a company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2025 {continued)
15
Movement in funds- current year
Balance at
1 April 2024
£'ooo
Transfers
inlloutl
£'ooo
Galnsl
Balance at
Ilossesl 31 March 2025
£'ooo
£'ooo
Income Expenditure
£'ooo
£'ooo
Unrestricted
funds
General
Endowment
funds
Endowment
Michael Jackson
8,663
910
11,0391
242
{65)
,711
2,121
135
2,256
(2)
20
16)
14
2,139
129
2.268
141
141
(2)
Restricted
funds
Building project
Embsay
Danioux
De Chazal
Publishing
CIF Capital
Southend
Greenhill
Kensington
Scottish
Association
Other
191
183
18
105
191
(361
19
10
121
12811
23,200
577
1429)
11
497
23,564
79
24
24
11511
151
141
143
73
24,007
13
12401
95
24,380
586
14701
497
Total funds
34,926
1.500
11,5131
446
35,359
23

The General Conference of The New Church (a company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2025 {continued)
15
Movement in funds (continued)- prior year
Balance at
1 April 2023
£'ooo
Transfers
inl(outi
£'ooo
Gainsl
Balance at
{losses) 31 March 2024
£'ooo
£'ooo
Income Expenditure
£'ooo
£'ooo
Unrestricted
funds
General
Endovmient
funds
Endowment
Michael J8ckson
8,222
598
19301
227
546
8,663
1,822
124
1,946
299
11
310
2,121
135
2,256
141
141
Restricted
funds
Building project
Embsay
Danjoux
De Chazal
Publishing
CIF- Capital
Southend
Greenhill
Kensington
Scottish
Association
Other
191
200
17
95
191
183
18
105
{181
10
131
13251
21,796
56
24
585
(4211
1,565
23,200
68
24
11551
155
139
141
50
22,575
10
595
13
{2271
73
24,007
15011
1,565
Total funds
32,743
1,197
(1,4351
2,421
34,926
Transfers
Transfers relate lo the investing of unrestricted funds in the Common Investment Fund and the
Conference's share of dislribulable income.
Endowment funds
The Endowment Fund is a single permanent endowment, made up principally of investments held in
The Common Investment Fund in respect of closed sooeties and past designations.
The Michael Jackson Fund was established to contribute lo the general purposes and to the cost of
stipends in specified proportions.
Restricted funds
In addition lo the Common Investment Fund, detailed within the Fixed asset investments note, the
other restricted funds are as follows..
The Building Project Fund is made up of funds given in trust for developments and new buildings.
The Embsay Fund was established to further the work of The New Church in the north of Englanij.
The capital element of the fund is consolidated within the Common Investment Fund.
24

The General Conference of The New Church (a company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2025 {continued)
15
Movement in funds {continued)
Restricted funds Icontinuedl
The Danjoux Fund was established to contribute towards the provision of the services of a resident
ordained priest or minister to The New Church in Mauritius. The capital element of the fund is
consolidated within the Common Investment Fund.
The De Chazal Fund was established to promote and further the aims of The New Church in Mauritius
and other French speaking countries. The capi181 element of the fund is consolidated within the
Common Investment Fund.
The Publishing Fund was established from the funds of the former Missionary Society which had
operated as a registered Charity for the purpose of publishing New Church lileralure. The Charity
Commission duly gave their approval for these funds to be transferred to The General Conference of
the New Church. The capital element of the fund is consolidated within the Common Investment Fund.
The Kensington Fund was established from the funds generated from the closure of the Kensington
society and the sale of its property. The main purpose of the fund is to support the employment of
ministers, Purley Chase Centre and promoting religious education of children and young people. The
capital element of the fund is consolidated within the Common Investment Fund.
The Scollish Association Fund was established from the funds generated from the closure of the
Scottish Association. The main purpose of the fund is lo promote doctrines ofthe New Church including
publishing and distribution of documents and books. The capital element of the fund is consolidated
within the Common Investment Fund.
16
Analysls of net assets between funds
Current year
Endowment Restrlcted Unrestrlcted
funds
funds
funds
2025
2025
2025
£'ooo
£'ooo
£'ooo
Total
funds
2025
£'ooo
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Nel assets al 31 March 2025
60
23.564
756
1,790
6,534
956
1569)
8,711
1,850
32.366
1.712
{5691
35.359
2.268
2,268
24.380
Prior year
Endowment Restricted Unrestricted
funds
funds
funds
2024
2024
2024
£'ooo
£'ooo
£'ooo
Total
funds
2024
£'ooo
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Nel assets at 31 March 2024
63
23,189
755
1,854
6,640
201
{321
8,663
1.917
32,085
956
1321
34,926
2,256
2,256
24,007
25

The General Conference of The New Church (a company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2025 {continued)
17
Reconciliation of net movement in funds to net cash flow from operating activities
2025
£'ooo
2024
£'ooo
Net incomelexpenditure for the period las per Statement of financial
activities)
Adjustments for..
Depreciation charges
Gainslllosses} on investments
Dividends and interest from investments
Decrease in stocks
Ilncrease}Idecre8se in debtors
Increasel(decreasel in creditors
Net cash used in operating activities
433
2,183
73
1446)
1744)
{2,4211
17891
117)
537
1163)
158
1301
18111
18
Analysis of cash and cash equivalents
2025
£'ooo
2024
£'ooo
Cash al bank and in hand
Total cash and cash equlvalents
1,682
1,682
942
942
19
Analysis of changes in net debt
At 1 April
2024
£'ooo
At 31 March
2025
£'ooo
Cash flows
£'ooo
Cash al bank and in hand
942
942
740
740
1,682
1.682
20
Related party transactlons
The charity is controlled by the Board of Trustees who are considered lo be the key management
personnel.
The Conference is an"umbrella" organisalion with 10 operational societies. It is the Custodian Trustee
for all of the societies. Property is owned by 8 of the 10 operational societies. The properties held by
the individual societies are not consolidated within the financial slalemenls.
The Conference received contributions from the societies to help cover ils running costs. These totalled
£105,00012024.. £113,000).
The Conference acts as trustee to The New Church College and receives donations from a fund held
by the College, jointly with the Conferen￿. These tolalled £9,000 {2024'. £9,000).
26

The General Conference of The New Church (a company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2025 {continued)
20
Related party transactions (continued)
The Conference acts as trustee to Broadfield and at the balan￿ sheet date, had recognised £6,000
12024.. £4,000) wthin the cash al bank figure which is held on their behalf. During the year, there was
a net movement into the fund of £2,00012024." £6,000 net movement OLrt of the fund).
The Conference also administers the assets of The Common Investment Fund on behalf of ils
societies. The assets of this fund are held in Injst separately to those of The Conference.
The Common Investment Fund holds funds for both existing and closed societies. The assets of the
fund relating to existing and closed societies are included in the financial slat8menls. Further details
of these transactions are included in the Fixed asset investments note.
27