Charity Accounts Intelreading the accounts so you don’t have to

NEW LIFE CHURCH (NORTH LONDON)

Registered charity 1097140 · accounts filings on the Charity Commission register · also known as NEW LIFE

Latest income
£189k
Latest spending
£201k
Registered
2003
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that total funds increased to £2,736,304, with unrestricted funds at £2,717,396. The trustees report that reserves are maintained at a level equivalent to between three and six months of expenditure, which they consider sufficient to ensure continuity of activities. The charity reports a total surplus for the year of £72,539.

What the accounts disclose

Reserves policy: three and six month's expenditure (held: £2.7m)
“It is the policy of the church that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure.” — page 5
Per its FY2023 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Structured financials (annual return, FY ending 31/03/2022)

Total income
£2.6m
Total spending
£103k
Reserves (reported)
£127k
Employees
4

Reported reserves equal ~14.8 months of spending — above the median for charities its size (median 7.0 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Camden

Income and spending

Financial year endIncomeSpending
31/03/2025£189k£201k
31/03/2024£187k£195k
31/03/2023£251k£178k
31/03/2022£2.6m£103k
31/03/2021£116k£88k

Common questions

Is NEW LIFE CHURCH (NORTH LONDON) financially healthy?

The accounts state that total funds increased to £2,736,304, with unrestricted funds at £2,717,396. The trustees report that reserves are maintained at a level equivalent to between three and six months of expenditure, which they consider sufficient to ensure continuity of activities. The charity reports a total surplus for the year of £72,539. Its FY2023 accounts were independently examined.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
CATALYST NETWORK OF CHURCHES1£613k
THE SACHS FOUNDATION1£383k
GATEWAY CHURCH ASHFORD1£8k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with NEW LIFE CHURCH (SUFFOLK).