NEW LIFE TRUST
Registered charity 516297 · accounts filings on the Charity Commission register · also known as CHRISTCHURCH
The aims and objectives of the charity are to promote the advancement of the Christian faith and the worship of God in the county of Gwent and elsewhere.
Causes: Religious Activities · website · Get email alerts
Financial health, per its FY2024 accounts
The accounts state that total incoming resources were £777,649, which was lower than the previous year's £836,457. Expenditure exceeded income by £77,185, resulting in a decrease in total funds from £1,554,518 to £1,477,333. However, the trustees confirm the charity has sufficient funds to meet all financial requirements and free reserves of £368,123 remain above the stated policy target.
Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Reserves policy: up to one month's operating costs (held: £368k)
“A policy has been established to maintain sufficient free reserves equivalent to up to one month's operating costs where possible. This is estimated to be approximately £71,000.” — page 10
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: Two trustees (P Greasley and R McCan) received ministry support payments under contracts for services.
“Ministry support of £245,182 (2023 - £236,152) contains support payments to two Trustees who devoted the majority of their time to the service of the church.” — page 26
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Rental/Service charge from subsidiary
“The company is to pay £7,639 to New Life Trust after the year end for the use of the charity's buildings in accordance with the Rental leasing agreement” — page 30
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: Christchurch Conference Centre Limited
“The Charity controls a non-charitable subsidiary, Christchurch Conference Centre Limited, a company limited by guarantee” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
Accounts audited by Gordon Down & Partners. Discloses 5 of 6 completeness components.
Public profiles (found on the charity’s own website): instagram
Structured financials (annual return, FY ending 31/12/2024)
Reported reserves equal ~5.2 months of spending — above the median for charities its size (median 5.2 months; benchmarks).
Per its annual return, largest income source: Donations and legacies (97% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.
Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (4.9%) (benchmarks).
Register events
- Received assets from another charity (14/11/2018) — per the register’s event history; asset transfers typically record mergers or reorganisations.
- PETER GREASLEYchair · trustee of 1 other charity
- Alan Woods
- Andrew Rees
- Joanne Black
- LEWIS RODERICK · trustee of 1 other charity
- Laura Thompson
- MR BOB MCCAN
- Stuart Morris
Trustee list from the Charity Commission register (current, not historical).
Operates in: Cambodia · Newport City · United States
Income and spending
Common questions
Is NEW LIFE TRUST financially healthy?
Per its FY2024 accounts: The accounts state that total incoming resources were £777,649, which was lower than the previous year's £836,457. Expenditure exceeded income by £77,185, resulting in a decrease in total funds from £1,554,518 to £1,477,333. However, the trustees confirm the charity has sufficient funds to meet all financial requirements and free reserves of £368,123 remain above the stated policy target. Its FY2024 accounts were audited by Gordon Down & Partners.
Who funds NEW LIFE TRUST?
Funders whose own accounts filings name NEW LIFE TRUST as a grant recipient include THE PENTECOSTAL CHURCH.
Known funders
Grants to this charity found in funders’ own accounts filings.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
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.
Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with NEW LIFE CHURCH MILTON KEYNES.
Side by side with its peers
Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.