THE NEW LIFE INTERNATIONAL MISSION
The advancement of the Christian faith, throughout the country and worldwide. The furtherance of the charitable work of the charity by the advancement of such other charitable purposes as the Trustees shall from time to time decide. These objects are charitable and operate for the public benefit. Church social responsibility, and community involvement are two units.
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds totalled £437,908, with free reserves of £1,707. The charity's reserves policy requires covering three months of running costs (£9,636.71) and redundancy provisions (£6,855.44), totaling £16,492.15, which the current free reserves of £1,707 fall significantly below. The trustees anticipate reserves will increase through donations and letting out available spaces.
What the accounts disclose
“It is the policy of the charity to maintain unrestricted funds, which are free reserves at a level which will allow the charity to cover redundancy provision costs and continue its activities for three months should no further funding be received.” — page 9
Trustees
- Rev Dr Panton Okonchair
- REV Danny Ansong
- Rev Anthony Obaigbona
- Rev Dr Dickson Ojukwu
- Rev Dr Gloria N Edwards-Inatimi
- Rev Theophilus Chondol
- Sename Ojukwu
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £43k | £55k |
| 31/12/2023 | £49k | £48k |
| 31/12/2022 | £43k | £42k |
| 31/12/2021 | £59k | £52k |
| 31/12/2020 | £48k | £49k |
Common questions
Is THE NEW LIFE INTERNATIONAL MISSION financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted funds totalled £437,908, with free reserves of £1,707. The charity's reserves policy requires covering three months of running costs (£9,636.71) and redundancy provisions (£6,855.44), totaling £16,492.15, which the current free reserves of £1,707 fall significantly below. The trustees anticipate reserves will increase through donations and letting out available spaces. Its FY2024 accounts were audited.