NEW LIFE CHURCH MINISTRIES (SLEAFORD)
Financial health, per its FY2024 accounts
The accounts state that free reserves of £391,631 exceeded the trustees' stated policy target of £285,659, indicating a surplus against their six-month operational cost policy. The charity reported a net income of £89,261 for the year, with total funds carried forward increasing to £2,010,425. The independent examiner confirmed that no matters came to attention giving cause to believe the accounts were not prepared in accordance with applicable standards.
What the accounts disclose
“The Directors aim to maintain sufficient undesignated reserves to cover operational costs for a period of six months. At the balance sheet date free reserves are calculated at £391,631. This reserve exceeded the requirement of £285,659” — page 4
“The charity's trustees received and were due to receive no remuneration during 2024, except for K Maltby and Mark Watson who received in total £51,842 (2023 £48,309).” — page 25
“During the year the charity received gift aid contributions of £127,043 (2023 £133,366) from New Life Conference Centre Ltd, of which two of the directors are also trustees of the charity.” — page 32
“Included within debtors is a balance of £142,426 (2023 £148,749) owed by New Life Conference Centre Ltd at the balance sheet date.”
“During the year the charity received gift aid contributions of £127,043 (2023 £133,366) from New Life Conference Centre Ltd, of which two of the directors are also trustees of the charity.” — page 32
“Included within debtors is a balance of £142,426 (2023 £148,749) owed by New Life Conference Centre Ltd at the balance sheet date.”
“The charity owns the whole of the issued share capital of New Life Conference Centre Ltd, being 1 ordinary share of £1 each issued at par.” — page 28
Structured financials (annual return, FY ending 31/12/2025)
Register events
- Received assets from another charity (29/01/2015)
Trustees
- Mark David Watsonchair
- DAVID CLIFFORD JEAL BA CERT ED
- Debbie Heather Colyn
- John Tonge
- KEITH DAVID MALTBY
- Paul Michael Staples
- RODERICK JOHN MUNRO
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £585k | £654k |
| 31/12/2024 | £771k | £682k |
| 31/12/2023 | £712k | £546k |
| 31/12/2022 | £583k | £488k |
| 31/12/2021 | £600k | £483k |
Common questions
Is NEW LIFE CHURCH MINISTRIES (SLEAFORD) financially healthy?
The accounts state that free reserves of £391,631 exceeded the trustees' stated policy target of £285,659, indicating a surplus against their six-month operational cost policy. The charity reported a net income of £89,261 for the year, with total funds carried forward increasing to £2,010,425. The independent examiner confirmed that no matters came to attention giving cause to believe the accounts were not prepared in accordance with applicable standards. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CATALYST NETWORK OF CHURCHES | 1 | £613k |
| THE SACHS FOUNDATION | 1 | £383k |
| NEW COMMUNITY CHURCH S.E. LONDON | 1 | £152k |
| GATEWAY CHURCH ASHFORD | 1 | £8k |