NEW LIFE CHRISTIAN CENTRE (CROYDON)
Financial health, per its FY2025 accounts
The accounts state that the charity holds unrestricted reserves of £2,534,244, which exceeds its stated policy target of three months' unrestricted charitable expenditure. The trustees report that the current level of reserves is higher than needed, and the independent auditors confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“There were no employees with emoluments of £60,000 per annum or more.” — page 22
“The trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately three months’ unrestricted charitable expenditure.” — page 5
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Dr Olukunle Onaboluchair
- Adetayo Aderemi
- CHIMA AMIAKA
- Cynthia Caiquo
- MARK ANDREW ROSSELL
- MR TONY SOKAN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.3m | £1.2m |
| 31/03/2024 | £1.3m | £1.2m |
| 31/03/2023 | £1.8m | £1.1m |
| 31/03/2022 | £1.1m | £1.1m |
| 31/03/2021 | £1.2m | £1.1m |
Common questions
Is NEW LIFE CHRISTIAN CENTRE (CROYDON) financially healthy?
The accounts state that the charity holds unrestricted reserves of £2,534,244, which exceeds its stated policy target of three months' unrestricted charitable expenditure. The trustees report that the current level of reserves is higher than needed, and the independent auditors confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Xeinadin Audit Limited.
What does the highest-paid employee of NEW LIFE CHRISTIAN CENTRE (CROYDON) earn?
Per its FY2025 accounts, the highest-paid employee was in the Under £60,000 band.
Who funds NEW LIFE CHRISTIAN CENTRE (CROYDON)?
Funders whose own accounts filings name NEW LIFE CHRISTIAN CENTRE (CROYDON) as a grant recipient include THE SACHS FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE SACHS FOUNDATION | FY2025 | £380k |
| THE SACHS FOUNDATION | FY2024 | £3k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| NEW COMMUNITY CHURCH S.E. LONDON | 1 | £152k |