**REGISTERED CHARITY NUMBER: SC049386**
**Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2025 for**
**New Life Shetland 2019 (AOG)**
New Life Shetland 2019 (AOG)
Contents of the Financial Statements For the Year Ended 31 March 2025
||Page|
|---|---|
|Report of the Trustees|1 to 6|
|Independent Examiner's Report|7|
|Statement of Financial Activities|8|
|Balance Sheet|9|
|Notes to the Financial Statements|10 to 15|
|Detailed Statement of Financial Activities|16|
New Life Shetland 2019 (AOG)
## Report of the Trustees
## for the Year Ended 31 March 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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 2015).
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** SC049386
**Principal address** Glendale Trondra Scalloway Shetland ZE1 0XL
## **Trustees**
Chairperson
## **Independent examiner**
Curle & Company 22 Backbrae Street Kilsyth G65 0NH
**Church Officers** Church Secretary Church Treasurer
Page 1
New Life Shetland 2019 (AOG)
Report of the Trustees
for the Year Ended 31 March 2025
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust. This charity was established to replace New Life Shetland ( **SC043742** ). New Life Shetland ( **SC043742** ) has now wound up and passed its assets and liabilities to New Life Shetland 2019 ( **SC049386** ) which is a SCIO.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **OBJECTIVES AND ACTIVITIES Objectives and aims**
The purpose for which the Fellowship is formed is to be the new legal form of the Scottish Charity currently operating and known as New Life Shetland (AOG) which exists to advance the Christian faith through the continuance of a body of believers founded on the practice of biblical principle which maintains that the Scriptures of the Old and New Testament are the supreme authority and rule in matters of belief and life and which is engaged in serving God through worship, spiritual growth, pastoral care and outreach including the relief of sickness and hardship, the provision of counselling and support and the advancement of education.
The charitable purpose of the Fellowship for the purposes of the Act is the advancement of the Christian religion for the public benefit.
The Basis of Faith of the Fellowship is that the Scriptures of the Old and New Testaments are the supreme authority and rule in matters of faith and life. The Leaders may publish Ethos Statements from time to time to clarify the Fellowship’s understanding of the teaching of the Scriptures on matters of life and doctrine.
Page 2
New Life Shetland 2019
AOG
ort of the Trustees
for the Year Ended 31 March 2025
ACHIEVEMENT AND PERFORMANCE
The financial year of 2024/25 was a year where we once again saw the help and provision of the Lord in
miraculous ways. Surely the Lord has been good to us.
I would like to thank my wife and kids for their support, love and work throughout the year, the
leadershipteam for theirwisdom and togetherness, our age-group pastors, treasurer and administrator,
life group leaders, department leaders and the many volunteers who have led and served throughout
this year. Your work, support, heart for one another and care has been inspiring and l am grateful for all
you have done.
Our major project throughout this year was the renovation of our church building. We had worked to
finalise the plans and submitted our building warrant application. Throughout the summer of 2024, tha
external walls of the building were painted which was a huge task but now the building is striking white.
There were those who gave hours to this process and we are grateful for their work.
The process of gaining the building warrant took longer than anticipated due to having to obtain
structural calculations for some internal walls due to heights. We successfully were granted a warrant
in September. We sent our plans for Mechanical and electrical work to tender and appointed local
contractors for the work. The internal walls and structures began to b8 built onc8 our warrant was
through and the electricians wore appointed to rewire the premises. We obtained funding from Local
Energy Scotland for our heating system and the plumbers were appointed to carry out the heating
system, There was a committed team of church volunteers who have helped with this project.
carried outthe role of project manager and he was assisted with a team of staff and volunteers
from the church who oversaw finance, health and safety and design. PJP architects were helpful in
overseeing the design project and IPME designed our mechanical and electrical system. We had external
ground works carried out by a local contractor. The project really began to take shape in early 2025. We
are grateful to everyone who has given time, finance and support to the project including those from
outside of our church family. It has been such a blessing. In May it was projected we would have our
first wedding in the premises and the official opening is scheduled for June 20th 2025. Parts of the
building work will continue further into 2025 as phase l is completed.
Pastorally I continue to meet and support those in Church at times of need and count it a privilege to be
involved in people's lives in this way. I believe it is also important to honour the contribution that Tiff
makes in this area. Pastorally, every week we meet with individuals to pray with, disciple, cry with,
support and challenge them to be all they can be in Christ. Our age group and life group leaders also do
this in their work and we want to say thank you to them for being committed to helping people in their
different seasons of life. Tiff and I have worked through pre-marriage courses with 3 couples before
their wedding days. I have also taken a nurnber of funerals this year. As part of our discipleship
commitment we offer a Keys to Freedom course which a number of people have gone through.
has played a huge part within this, helping them in their journey of faith and freedom.
Our church has given meals to families that have seen the blessing of a new baby meaning that at a time
suitable for them, they have had a meal provided every day for a period of time. We have seen babv
dedications and seen new people come along to church as the Lord has added to our number.
Throughout this year we have also had the privilege of conducting nurnerous baptisms. Easter Sunday
was a particular highlight where 7 people were baptised. We see a hunger in the hearts of people to
looking for an authentic faith in Jesus Christ.
Page 3
New Life Shetland 2019 (AOG)
## Report of the Trustees
## for the Year Ended 31 March 2025
Tiff and I have continued to lead the young adults group. This group has had many blessings but also we have seen some challenges in this area too as some have moved on from the church. We have seen salvation in this group this year and later in the year a team from this group will travel to Vienna to work with Lifechurch International on a short term mission trip.
We have also seen a group from the church travel to Laos to work with a humanitarian group over there. The team were involved in house building and landscape work as well as other humanitarian initiatives. This was a real blessing to those who attended.
Our ministry throughout the year has seen us study sermon series’ such as, ‘The House that God built’, ’Till He appears’ , ‘Mindfield’, ‘Revelation’, as well as various one off sermons. We have been blessed by ministry from both those within the church and have been encouraged from visiting speakers. This year we had a special weekend with who performed his comedy show as well as ministry from who carried out a youth weekend, from Open doors who shared about the persecuted church. We were also meant to have but due to weather he was unable to travel.
Our prayer and praise nights continue to be a huge blessing as we seek to make prayer central to what we do. These have seen a real sense of the presence and power of God with people joining us from other churches for these powerful times of seeking God.
Our Youth Pastor Tim graduated from Minister in Training in May at national conference. In recognition of this we have appointed him to role of Assistant Pastor with Responsibilities for youth and increased his hours.
Various members from our team have attended numerous AOG events both in Scotland and across the UK. I also attended a national prayer event joining with ministers across Scotland for a powerful couple of days of prayer. had the privilege of representing the church at the opening of AOG central’s new building in Fraserburgh.
We have ran a number of community events throughout the year. These have included our Easter egg hunt, back to school BBQ & Christmas movie night. We organised to be part of Da Voar Redd Up, cleaning up an area in Trondra. We put on 3 services in Mossbank kirk including hosting a prayer and praise evening in the church as well as Christmas and Good Friday services. The church will continue to assist how we can in that part of the islands.
At New Life we recognise the importance of building community and as such have organised various relationship building events and initiatives. Our ladies and men’s ministries have met socially. A group of ladies attended the ‘Radiant’ woman’s conference at King’s church in Aberdeen in September. This was a brilliant time and they will look to go again in 2025.
There has also been other one-off events in the year such as Safeguarding and data protection training for our teams, an IJM missions evening, Rocknations, BBQ fundraiser and other age-group events. There was also a Ceilidh fundraiser organised for Rocknations funding as well as a group of musicians from the church organising an evening for the building fund.
Page 4
New Life Shetland 2019 (AOG)
## Report of the Trustees
## for the Year Ended 31 March 2025
The children and youth works have continued throughout the last year and our youth have been part of organising the undivided conference for young people across Shetland. The church also continue to have Ben Ritchie from AOG Central in Fraserburgh as part of the leadership team in an advisory role.
A new initiative was launched called ‘The Alabaster Box’ which was started as a group primarily for over 60’s but has since evolved to a fellowship group for all ages. They meet once a month and has been a blessing to those who have attended.
Looking ahead to 2025/26, there will be a number of changes as the church celebrates the opening of and then adapts to having its own premises. Later in the year, Tiff and I have let the church know that we will be following the Lord’s leading and will be leaving Shetland. We would like to put on record our gratitude to the team and to the church for the privilege of leading them over these last 8 years. The church will be praying for the right Pastor to take on the role going forward, but the leadership team are a wonderfully competent group who will lead this process and steer the church in the right direction till those times. We ultimately thank the Lord who has led us to this place as a church. He will provide for all we need in the next season. The mission remains the same. In His word, the islands will put their hope. What a privilege to be part of God’s family.
## **CHARITABLE ACTIVITIES**
NewLife is involved in supporting projects on 3 levels: Internationally, nationally and local.
## **Internationally**
New Life continue to support a work in Kyrgyzstan called "Fountain of Life" which is a project working with the homeless in their region. Margaret Gordon has now ended her time in Kyrgyzstan, however, we will continue to support the organisation.
We continue to be committed to working with Compassion International and many in the church continue to sponsor children through their work.
We continue to support on a regular basis the work of Empathy International. The founder of the organisation, Andrew Hepburn is doing an incredible work in the country of Laos and we now support both the male and female projects providing skills that will enable those to have a career.
We also have committed to support the work of Open Doors and from Lifechurch in Austria.
Page 5
New Life Shetland 2019 (AOG)
Report of the Trustees for the Year Ended 31 March 2025
## **Nationally**
New Life had continued to financially support one of our members who works full time on a voluntary basis at the Missions College International Bible Training Institute in Sussex although this will end in Summer 2024 as they move on from this role.
We support projects financially if requests come in to do so, mostly through the denomination that we are part of, AOG. We gave to a building project in Bedworth in support of their vision to see a facility growing there.
We support the work of the Hope Bus project in Buckie and have had a visit from Sean who has kept us updated on the work there.
We moved some of this support to support Valley Church in Stirling which is a church plant ran by Stuart and Jenn Innes.
## **Locally**
The church continues to help when it comes across situations of financial hardship and wherever we can help to relieve such hardships. We have helped individuals with food provision while also sourcing furniture such as mattresses for those in need.
At Christmas we provided Christmas and New Years day meals for those in need in the community. This was the 30th year that the church had carried this out and we thank who head up the organising and catering for this and for all the volunteers who make this possible. These meals were very well received and the community was grateful for this initiative.
The church took part in the island wide Redd up in May along with other community groups. When the premises at the church building is established the aim will to see the premises become an asset for the local community. We also took part in the Salvation army appeal at Christmas where we provided 70 new sets of hats, scarves and gloves along with selection boxes.
In January, launched the pink chair project which sought to connect young people from across various organisations in Shetland to create an interactive map and provide support for young people in isolation. This has involved a number of young people from New Life.
As part of our continued investment in the local area, we continue to employ and resource those to minister to various age-groups. We see the work of our kids and youth pastors as part of our investment in those age groups of Shetland and they have supported children and young people pastorally throughout the last year.
Page 6
New Life Shetland 2019 (AOG)
## Report of the Trustees
for the Year Ended 31 March 2025
## **FINANCIAL REVIEW**
## **Reserves policy**
The charity's total reserves amounted to £433,517. Of this amount £280,863 was represented by Fixed Assets. The remaining £152,654 included £63,456 restricted funds, meaning that there was a total of £89,198 unrestricted funds available to spend as at the report date.
Approved by order of the board of trustees on
and signed on its behalf by:
Page 7
New Life Shetland 2019
AOG
Inde
endent Examinerfs Re
ort to the Trustees
for the Year Ended 31 March 2025
I report on the accounts for the year ended 31 March 2025 set out on pages eight to fourteen.
Respectlve responslbllltles of trustees and examlner
The charivs trustees are responsible for the preparation of the accounts in accordance with the terms
of the Charities and Trustee Investment {Scotland} Act 2LK)5 and the Charities Accounts (Scotland)
Regulations 2006. The chariws trustees consider that the audit requirement of Regulation 1011)(a) to
Ic) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as
required under Section 44111{c) of the Act and to state whether particular matters have come to my
attention.
Basls of the Independent examlnerfs report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts {S¢otlandl
Regulations 2006. An examination includes a review of the accounting records kept by the charity and
a comparison of the accounts presented with those records. It also includes consideration of any unusual
items or disclosures in the accounts and seeking explanations from you as trustees concerning any such
matters. The procedures undertaken do not provide all the evidence that would be required in an audit,
and consequently I do not express and audit opinion on the view given by the accounts.
Independent examlnerfs statement
In connection with my examination, no matter has come to my attention:
111 Which gives me reasonable cause to believe that, in any material respect, the requirements
to keep accounting records in accordance with Section 44111(a) of the 2005 Act and
Regulation 4 of the 2006 Accounts Regulations. and
to prepare accounts which accord with the accounting records and to comply with Regulation
8 of the 2006 Accounts Regulations
have not been met; or
121 to which, in my opinion, attention should be drawn in order to enable a proper understanding of
the Accounts to be reached.
Curle & Company (Scotlandl Ltd Chartered Accountants
22 Backbrae Street
Kilsyth
G65 ONH
Date: Sep 15, 2025
Page 8
New Life Shetland 2019 (AOG)
## Statement of Financial Affairs
## for the Year Ended 31 March 2025
|**Notes**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Income from other charitable activities
Other Income
**Total**
**EXPENDITURE ON**
Charitable activities
Other
**Total**
**Gross transfers between funds**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**|**Unrestricted**
**Fund**
**£**
**98,765**
**-**
**- **
**98,765**
**86,217**
**1,190**
**87,407**
-
11,358
**78,435**
**89,793**|**Restricted**
**Fund**
**£**
**85,328**
**-**
**79,000**
**164,328**
**42,905**
**10,299**
**53,204**
-
111,124
**232,904**
**344,028**|**31.03.25**
**Total funds**
**£**
**184,093**
**-**
**79,000**
**263,093**
**129,122**
**11,489**
**140,611**
-
122,482
**311,339**
**433,821**|**31.03.24**
**Total funds**
£
116,899
-
22,449|
|---|---|---|---|---|
|||||139,348
107,689
8,599|
|||||116,288
-|
|||||23,060
288,279|
|||||311,339|
## **CONTINUING OPERATIONS All income and expenditure has arisen from continuing activities**
**All form part of these financial statements**
Page 9
New Life Shetland 2019 (AOG)
## Balance Sheet
## for the Year Ended 31 March 2025
||||||**31.03.25**|**31.03.24**|
|---|---|---|---|---|---|---|
||||**Unrestricted**|**Restricted**|**Total funds**|**Total funds**|
||||**Fund**|**Fund**|||
|||**Notes**|**£**|**£**|**£**|£|
|**FIXED ASSETS**|||||||
|Tangible assets||**5**|**295**|**280,568**|**280,863**|27,013|
|**CURRENT ASSETS**|||||||
|Debtors||**6**|**5,700**|**1,175**|**6,875**|6,875|
|Cash at bank and in hand|||**83,798**|**62,285**|**146,083**|277,451|
||||**89,498**|**63,456**|**152,958**|284,326|
|**CREDITORS**|||||||
|Amounts falling due within one year||**7**|**-**|**-**|**- **|-|
|**NET CURRENT ASSETS**|||**89,498**|**63,460**|**152,958**|284,326|
|**TOTAL ASSETS LESS CURRENT**|||||||
|**LIABILITIES**|||**89,793**|**344,028**|**433,821**|311,339|
|**NET ASSETS**|||**89,793**|**344,028**|**433,821**|311,339|
|**FUNDS**|**8**|**8**|||||
|Unrestricted funds|||||**89,793**|78,435|
|Restricted funds|||||**344,028**|232,904|
|**TOTAL FUNDS**|||||**433,821**|311,339|
**The financial statements were approved by the Board of Trustees on and were signed on its behalf by:**
**All form part of these financial statements**
Page 10
New Life Shetland 2019 (AOG)
Notes to the Financial Statements
for the Year Ended 31 March 2025
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, 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 2015)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention.
## **Income**
All income recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to the expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & Machinery 25% reducing balance Computer Equipment 33% reducing balance
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each funds is included in the notes to the financial statements.
Page 11
New Life Shetland 2019 (AOG)
Notes to the Financial Statements
for the Year Ended 31 March 2025
## **1. ACCOUNTING POLICIES continued…**
## **Merger Accounting**
- Although a newly incorporated body, the essence and substance of New Life Shetland 2019 (AOG) is the same as its predecessor New Life Shetland (AOG). Subsequently the accounts have been prepared in accordance with section 27 of the Charities SORP (FRS 102) which deals with charity mergers.
- The SoFA 2020 figures included the combined figures for both New Life Shetland (AOG) and the newly formed New Life Shetland 2019 (AOG) as follows:
||**Charity Name**||**Period**|
|---|---|---|---|
|New Life Shetland(AOG)||1stApril 2019 – 30thNovember 2019||
|New Life Shetland 2019(AOG)||1stDecember 2019 – 31stMarch 2020||
- An analysis of the principle SoFA components for the previous reporting period can be found at Note 10 below.
Page 12
New Life Shetland 2019 (AOG)
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
## **2. TRUSTEES’ REMUNERATION AND BENEFITS**
||31.03.25|31.03.24|
|---|---|---|
||£|£|
|Trustees’ Remuneration|46,861|48,240|
|Trustees’ Social Security|3,969|3,302|
|Trustees’ Employer Allowance Reclaimed|(3,969)|(3,302)|
|Trustees’ Employer Pension Contributions|1,031|876|
|Expenses|615|465|
## **3. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Minister & support staff|31.03.25
3|31.03.24
4|
|---|---|---|
No employees received emoluments in excess of £60,000.
## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES 2024 (NEW LIFE SHETLAND (AOG))**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Income from other charitable activities
Other Income
**Total**
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
Other
**Total**
**Gross transfers between funds**
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|**Unrestricted**
**Funds**
**£**
99,000
-
2,121
101,121
87,856
1,735
89,588
(32)
**11,501**
**66,934**
**78,435**||**Restricted**
**Funds**
**£**
17,899
-
20,328
38,227
19,836
6,864
26,700
32
**11,559**
**221,345**
**232,904**|**Total**
**Funds**
**£**
116,899
-
22,449
139,348
107,689
8,599|
|---|---|---|---|---|
|||||
116,288|
|||||
-|
|||||**23,060**
**288,279**|
|||||
**311,339**|
Page 13
New Life Shetland 2019 (AOG)
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
## **5. TANGIBLE FIXED ASSETS**
|**COST**
At 1 April 2024
Additions
At 31 March 2025
**DEPRECIATION**
At 1 April 2024
Charge for the year
At 31 March 2025
**NET BOOK VALUE**
As 31 March 2025
As 31 March 2024|**New**
**Building**
**£**
26,598
248,574
275,172
-
-
-
275,172
26,598|**Plant and**
**Machinery**
**£**
1,597
-
1,597
1,384
53
1,437
160
213|**Fixtures and**
**Fittings**
**£**
-
5,396
5,396
-
-
-
5,396
-|**Computer**
**Equipment**
**£**
4,269
-
4,269
4,067
67
4,134
135
202|**Totals**
£
32,464
253,970|
|---|---|---|---|---|---|
||||||286,434|
||||||5,451
120|
||||||5,571|
||||||280,863|
||||||27,013|
Page 14
New Life Shetland 2019 (AOG)
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
## **6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Other debtors
**7.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Taxation and social security
**8.**
**MOVEMENT IN FUNDS**
At 01.04.24
£
Unrestricted funds
78,435
Restricted funds
232,904
**TOTAL FUNDS**
**311,339**
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
98,765
(87,407)
**Restricted funds**
Restricted
164,328
(53,204)
**TOTAL FUNDS**
**263,093**
**(140,611)**||31.03.25
£
6,875
31.03.25
£
-
-
Net
movement
in funds
£
11,358
111,124
**122,482**
Gross
transfers
between
funds
£
-
-
**-**||31.03.24
£
6,875
31.03.24
£
-
-
At 31.03.25
£
89,793
344,028
**433,821**
Movement
in
funds
£
11,358
111,124
**122,482**|
|---|---|---|---|---|
||||||
||||||
||||||
Page 15
New Life Shetland 2019 (AOG)
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
## 8. **MOVEMENT IN FUNDS - continued**
|**Comparatives for movement in funds 2024**
**(FOR NEW LIFE SHETLAND (AOG))**
**Unrestricted funds**
General fund
**Restricted funds**
Restricted
**TOTAL FUNDS**|At 01.04.23
£
66,934
221,345
**288,279**|Net
movement
in funds
£
11,501
11,559
**23,060**|At 31.03.24
£
78,435
232,904
**311,339**|
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted
**TOTAL FUNDS**|Incoming
resources
£
Resources
expended
£
101,121
(89,588)
38,227
(26,700)
**139,348**
**(116,288)**|Gross
transfers
between
funds
£
(32)
32
**- **|Movement
in
funds
£
11,501
11,559|
|---|---|---|---|
||||**23,060**|
## 9. **RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2025.
## 10. **ANALYSIS OF PRINCIPLE SoFA COMPONENTS FOR THE PREVIOUS REPORTING PERIOD**
||**New Life**
**Shetland (AOG)**
**(pre-merger)**|**New Life Shetland**
**2019 (AOG)**
**(post-merger)**|**Combined Total**|
|---|---|---|---|
||**£**|**£**|**£**|
|**Total Income**|127,153|74,238|201,391|
|**Total Expenditure**|58,115|25,725|83,840|
|**Net income/(expenditure)**|69,037|48,513|117,550|
|**Othergains/(losses)**|-|-|-|
|**Net movement in funds**|69,037|48,513|117,550|
Page 16
New Life Shetland 2019 (AOG)
Reconciliation of Income and Expenditure for the Year Ended 31 March 2025
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Gift aid donations
Non gift aid donations
Gift aid reclaim
Collections
**Other Income**
Grants/Funding
Building income
Miscellaneous income
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Pastor’s Expenses
Insurance
Postage and stationery
ChurchSuite
Advertising
Travel & accommodation
Annual Visits
Conference fees
Assemblies of God
Venue hire & meeting expenses
Catering costs
Gifts & donations
Activities & kids club
Computer maintenance
Building Expenditure
Bank Charges
Small Misc.
**Other**
Plant and Machinery
Computer equipment
**Support costs**
**Governance costs**
Accountancy and legal fees
**Total Resources Expended**
**Net Income**|31.03.25
£
103,513
60,352
19,437
790
184,092
66,440
307
12,254
263,093
57,831
615
2,620
257
507
418
3,631
9,996
973
2,100
1,502
1,635
8,869
4,936
901
40,964
253
504
138,512
53
67
120
1,979
140,611
122,482|31.03.24
£
69,464
26,664
20,286
485|
|---|---|---|
|||116,899
9,800
4,875
7,774|
|||
139,348
52,816
465
2,784
389
390
211
3,486
6,864
5,692
2,080
1,769
1,322
9,025
4,904
398
19,631
223
435|
|||112,884
71
109|
|||180
3,224|
|||
116,288|
|||
23,060|
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