NEW CREATION LIVING MINISTRIES
HOLDING REGULAR CHRISTIAN WORSHIP SERVICES IN THE COMMUNITY.
Financial health, per its FY2024 accounts
The accounts state that unrestricted net assets increased to £43,763 by the end of the year, with cash funds rising to £38,618. The trustees report that the charity is in a good position to manage its costs and maintain reserves. The independent examiner confirmed that proper accounting records were kept and accounts complied with statutory requirements.
What the accounts disclose
“It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure.” — page 4
Trustees
- Charles Junior Mensah - Bonsu
- FREDERICK RANDOLPH
- PASTOR OLIVER GARSHONG
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £41k | £29k |
| 31/12/2023 | £27k | £27k |
| 31/12/2022 | £16k | £12k |
| 31/12/2021 | £11k | £3k |
| 31/12/2020 | £15k | £7k |
Common questions
Is NEW CREATION LIVING MINISTRIES financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted net assets increased to £43,763 by the end of the year, with cash funds rising to £38,618. The trustees report that the charity is in a good position to manage its costs and maintain reserves. The independent examiner confirmed that proper accounting records were kept and accounts complied with statutory requirements. Its FY2024 accounts were independently examined.