THE NEW LIFE IN CHRIST MINISTRY THE LORD'S PARISH
TO ADVANCE THE CHRISTIAN RELIGION FOR THE PUBLIC BENEFIT IN THE MANSFIELD AREA IN PARTICULAR BUT NOT EXCLUSIVELY BY THE PROVISION OF FACILITIES FOR PUBLIC WORSHIP AND PRAYER.
Financial health, per its FY2026 accounts
The accounts state that the charity incurred a net deficit of £2,634 for the year ended 30 April 2026, resulting in total net assets decreasing to £6,180. The trustees report that unrestricted reserves of £6,180 are maintained at a level equivalent to between three and six months of expenditure, consistent with their stated reserves policy. The independent examiner confirmed that no material matters came to attention during the examination of the accounts.
What the accounts disclose
“It is the policy of the charity 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 4
Trustees
- ADEDAYO OLUFUNMILAYO AJALA
- Emily Omuvwie
- Michael Oluwaseun Joshua
- OLUFEMI AWOMOLO
- Olawunmi Ladipo
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/04/2026 | £32k | £34k |
| 30/04/2025 | £51k | £49k |
| 30/04/2024 | £43k | £45k |
| 30/04/2023 | £43k | £38k |
| 30/04/2022 | £42k | £41k |
Common questions
Is THE NEW LIFE IN CHRIST MINISTRY THE LORD'S PARISH financially healthy?
Per its FY2026 accounts: The accounts state that the charity incurred a net deficit of £2,634 for the year ended 30 April 2026, resulting in total net assets decreasing to £6,180. The trustees report that unrestricted reserves of £6,180 are maintained at a level equivalent to between three and six months of expenditure, consistent with their stated reserves policy. The independent examiner confirmed that no material matters came to attention during the examination of the accounts. Its FY2026 accounts were independently examined.