ABUNDANT NEW LIFE TRUST
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted
funds
2025
Total
funds
2025
Total
fvnds
2024
Note
Income Irom:
Donations and legacies
Investments
71,200
31.484
71,200
31,484
807,520
62, 704
Total income
102,684
102,684
870,224
Expenditur6 on:
Charitable activities
114,109
114,109
102,821
Total expenditure
114,109
114,109
102,821
Nèt movement In funds
{11,425)
(11,425)
767,403
Reconciliation of funds:
Total funds brought fotward
Net movement in funds
767,403
(11,425)
767,403
111,425)
767,403
Total funds carried forward
755,978
755,978
767,403
The St8temant of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 9 to 18 fom part of these financial statements.
Page 7

ABUNDANT NEW LIFE TRUST
(A Company Limited by Guarantee)
REGISTERED NUMBER: N1686864
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Note
Fixed assets
Investments
42,788
36,902
42.788
36,902
Current assets
Debtors
Cash at bank and in hand
10
12.480
802.270
14,851
1,091,650
814,750
1,106,501
Creditors. amounts falling due within one
year
11
(101,560)
(376, 000)
Net current assets
713,190
730.501
Total assets less current liabilities
755,978
767,403
N•t assets •xcludlng penslon asset
755,978
767,403
Total net assets
755,978
767,403
Charlty funds
Restricted funds
13
13
Unrestricted funds
755.978
767,403
Total funds
755,978
767,403
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with
section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Mr J McFadden
Trustee
Date: 30
The noles on pages 9 to 18 form part of these financial statements.
Mr S Fleming
Trustee
/+f
Page 8

ABUNDANT NEW LIFE TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
General inforniation
Abundant New Lffe Trust is registered as a charitable company limited by guarantee, incorporated in
Northern Ireland with company registration number N1686864. The company is registered with the
Charity Commission for Northem Ireland with charity registration number NIC109067.
The members of the company are the Trustees named on page 1. In the event of the company being
wound up, the liability in respect of the guarantee is limited to £1 per member of the company.
The registered office is situated at Suite 2.06. Custom House, Custom House Square. Belfast. BT13ET.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102)
Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effective 1 January 2019). the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Abundant New Lrfe Trust meets the definition of a public benefit entty under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the
relevant accounting policy.
2.2 Income
All income is recognised once the Company has entitlement to th8 income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic
benefit to a third paty, 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 activity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity
and suppori costs which are not attributable to a single activity are apportioned belween those
activities on a basis consistent with the use of resources. Central staff costs are allocated on the
basis of time spent, and depreciation charges allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Companls objectives. as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
Page 9

ABUNDANT NEW LIFE TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies (continued)
2.4 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Company. this is normally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
2.5 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their
transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the
value cannot be measured reliably in which case it is measured at cost less impairment. Investment
gains and losses. whether realised or unTralised, are combined and presented as 'Gainsl(Losses}
on investments, in the Statement of Financial Activities.
Investments in subsidiaries are valued at cost less provision for impairment.
2.6 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
2.8 Llabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past
event, it 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 at the amount that the Company anticipates it will pay to settle the debt or
the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle 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 at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
2.9 Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value with the exception of bank loans which are
subsequently measured at amortised cost using the effective interest method.
2.10 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 Company and which have not been designated for other
purposes.
Investment income. gains and losses are allocated to the appropriate fund.
Page 10

ABUNDANT NEW LIFE TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Income from donations and legacies
Unrestricted
funds
2025
Total
funds
2025
Donations
71,200
71,200
Unrestricted
funds
2024
Total
funds
2024
Donations
Gift Aid claim
795,020
12.500
795, 020
12,500
807,520
807,520
Investment income
Unrestricted
funds
2025
Total
funds
2025
Interest on cash deposits
31,484
31,484
Unrestricted
funds
2024
Total
funds
2024
Investment income
Interest on cash deposits
29,168
33,536
29,168
33,536
62, 704
62, 704
Page11

ABUNDANT NEW LIFE TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Analysls of expendlture on charitable activities
Summary by fund type
Unrestricted
funds
2025
Total
2025
The advancement of religion
The relief of those in need by reason of youth, age, ill-health, disability,
financial hardship or olher disadvantage
99.109
99.109
15,000
15,000
114,109
114,109
Unrestricted
funds
2024
Total
2024
The advancement of religion
The relief of those in need by reason of youth, age, ill-health, disability.
financial hardship or other disadvantage
90.821
90.821
12,000
12,000
702,821
102.821
Analysis of expenditure by activities
Activities
undertaken
directly
2025
Support
costs
2025
Total
funds
2025
The advancement of religion
The relief of those in need by reason of youth, age, i1S-health.
disability, financial hardship or other disadvantage
97,050
2,059
99,109
15.000
15,000
112,050
2,059
114,109
Page 12

ABUNDANT NEW LIFE TRUST
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Analysls of expenditure by activlties (contlnued)
Activities
undertaken
directly
2024
Support
costs
2024
Total
funds
2024
The advancement of religion
The relief of those in need by reason of youth, age, ill-health,
disability, financial hardship or other disadvantage
81,950
8,871
90,821
12.000
12,000
93.950
8,871
102,821
Analysis of direct costs
Religious
activities
2025
Relief
activities
2025
Total
funds
2025
Donations to charitable organisations
97,050
15.000
112,050
Religious
activities
2024
Reli81
activities
2024
Total
funds
2024
Donations to charitable organisations
81,950
12,000
93,950
Analysis of support costs
Religious
activities
2025
Total
funds
2025
Bank charges
Insurance
93
330
1.636
93
330
1.636
Govemance costs
2,059
2,059
Page 13

ABUNDANT NEW LIFE TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Analysis of expenditure by activities (continued)
Analysis of support costs {continued)
Religious
activities
2024
Total
funds
2024
Bank charges
Governance costs
33
33
8,839
8.839
8.872
8,872
Independent examinerfs remuneration
2025
2024
Fees payable to the Companys independent examiner (2024 - audit) for the
independent examination (2024 - audit) of the Companvs annual accounts
Fees payable to the Companrfs independent examiner in respect of:
Accounts preparation fees not included above
All other services not induded above
624
5,100
936
406
900
2, 839
Trust••s' remunoratlon and exponses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).
During the ye8r ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL).
Page 14

ABUNDANT NEW LIFE TRUST
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Fixed asset investments
Inv8Stments
in
subsidiary
companies
Cost or valuation
At 1 April 2024
Additions
36,902
5,886
At 31 March 2025
42,788
Net book value
At 31 March 2025
42,788
At 31 March 2024
36,902
Principal subsldlarles
The following was a subsidiary undertaking of the Company:
Name
Company
number
ReglsterÈd offlce or prlnclpal Prlnclpal actlvlty
place of business
NLT Hodge Limited
N1005110
Suite 2.06, Custom House,
Property holding
Custom House Square, Belfast, company
BT13ET
Class of
shares
Holding
Ordinary A
100/
The financial results of the subsidiary for the year we￿.
Name
Net assets
NLT Hodge Limited
29.168
Valuation
The investment held in NLT Hodge Limited is carrted at the cost of the investment plus any costs incurred
by the Trust on behalf of the company. The Trustees are unable to delermine the actual value of the
shares in NLT Hodge Limited due to uncertainty over the value of Ihe subsidiarrfs property but are
Page 15

ABUNDANT NEW LIFE TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Fixed asset investments (continued)
confident that the value is in excess of the stated valuation.
10. Debtors
2025
2024
Due withln one year
Prepayments and accrued income
12,480
14.851
12,480
14,851
11. Credilors: Amounts falling due within one year
2025
2024
Other creditors
Accruals and deferred income
100,000
1,560
370,000
6,000
101,560
376,000
12. Flnancial Instruments
2025
Financial assets
Financial assets measured at fair value through income and expenditure
802,270
Financial assets measured at fair value through income and expenditure comprise of cash and cash
equivalents.
13. Statement of funds
Statement of funds - current year
Balance at
31 March
2025
Balance at 1
April 2024
Income Expenditure
Unrestricted funds
General Funds - all funds
767,403
102,684
{114,109)
755,978
Page 16

ABUNDANT NEW LIFE TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
14. Summary of funds
Summary of funds - current year
Balance at
31 March
2025
Balance at 1
April 2024
Income Expenditure
General funds
767,403
102.684
1114.109)
755,978
Page 17

ABUNDANT NEW LIFE TRUST
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
15. Analysls of net assets between funds
Analysis of net assets between funds - current year
Unrestricted
funds
2025
Total
funds
2025
Fixed asset investments
Current assets
Creditors due within one year
42.788
42,788
814,750
814,750
(101,560) (101,560)
Total
755,978
755.978
16. Related party transactlons
During the year the charity continued to hold an interest-free loan from a related party. This loan has
been provided for an indefinite term and for the sole purpose of earning interest for the charity's funds.
The balance outstanding at 31 March 2025, is as follows:
Amounts
owed to
related
parties
2025
2024
100,000
100,000
17. Controlllng party
During the year the charÉty was under the control of the Board of Trustees. The Trustees are considered
to be the ultimate controlling party.
Page 18