NEW LIFE CHURCH (SUFFOLK)
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves stood at £162,917, an increase from the previous year's £160,951. The charity reported total incoming resources of £183,427 against outgoing resources of £167,009, resulting in a net surplus for the period. The trustees confirmed there were no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
Care Quality Commission ratings
- Magnolia House: Good
Trustees
- MIKE SMITHchair
- DAVID MARK ARCHER
- MR RICHARD FENNING
- Raymond George Tovell
- SIMON DOUGLAS WILLIAM GINNS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £154k | £153k |
| 31/03/2024 | £171k | £179k |
| 31/03/2023 | £183k | £168k |
| 31/03/2022 | £210k | £160k |
| 31/03/2021 | £249k | £157k |
Common questions
Is NEW LIFE CHURCH (SUFFOLK) financially healthy?
The accounts state that unrestricted reserves stood at £162,917, an increase from the previous year's £160,951. The charity reported total incoming resources of £183,427 against outgoing resources of £167,009, resulting in a net surplus for the period. The trustees confirmed there were no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CATALYST NETWORK OF CHURCHES | 1 | £613k |
| REGIONS BEYOND UK | 1 | £10k |
| GATEWAY CHURCH ASHFORD | 1 | £8k |