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Registered number: NI686864 Charity number: NIC 109067 ABUNDANT NEW LIFE TRUST (A Company Limited by Guarantee) UNAUDITED TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
ABUNDANT NEW LIFE TRUST (A Company Limited by Guarantee) CONTENTS
| Page
Reference and Administrative Details of the Company, its Trustees and Advisers | 1
Trustees' Report | 2 - 4
Independent Examiner's Report | 5 - 6
Statement of Financial Activities | 7
Balance Sheet | 8 - 9
Notes to the Financial Statements | 10 - 19
ABUNDANT NEW LIFE TRUST (A Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2026
Trustees | Mr S Fleming
| Mr P I Hodge
| Mr J McFadden
| Mrs S L McFadden
Company registered number | NI686864
Charity registered number | NIC 109067
Registered office | Suite 2.06 Custom House Custom House Square Belfast BT1 3ET
Accountants | UHY Hacker Young Fitch Limited Chartered Accountants Suite 2.06 Custom House Custom House Square Belfast BT1 3ET
Bankers | Danske Bank Limited Donegall Square West Belfast BT1 6JS
Page 1
ABUNDANT NEW LIFE TRUST (A Company Limited by Guarantee) TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2026 The Directors (who are also Trustees of the charitable company) present their annual report together with the financial statements of the Company for the year from 1 April 2025 to 31 March 2026. The Annual Report serves the purposes of both a Trustees' report and a Directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted. Objectives and activities a. Policies and objectives in setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charites Commission for Northern Ireland relating to public benefit. Their main objectives include the following: 1. To promote and advance the Christian Faith. 2. Relieve those in need by reason of youth, age, ill-health, financial hardship or other disadvantage. b. Activities undertaken to achieve objectives Abundant New Life Trust seeks to bring benefit to individuals and wider society by making the Bible more widely available through providing portions of the Bible in different languages. Through providing some of the needs of those in poverty by helping to supply food, water, housing and shelter, and working in conjunction with others bringing relief, Abundant New Life Trust seeks to help relieve those in need. Through teaching about Evangelical Christian beliefs and practices, the proclamation of the Gospel of Jesus Christ and the promotion of Christian values and moral improvement, Abundant New Life Trust seeks to promote the Christian Faith. Abundant New Life Trust has two volunteers who make themselves available to meet and discuss issues with people in need. Abundant New Life Trust will also seek to support Ministries that are recognised for their work and experience in helping people. c. Main activities undertaken to further the Company's purposes for the public benefit The Directors are aware of the Charity Commission for Northern Ireland’s general guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion and the relief of those in need. This is taken into consideration when reviewing the charity's aims and objectives in planning future activities. Page 2
ABUNDANT NEW LIFE TRUST (A Company Limited by Guarantee) Achievements and performance a. Review of activities The results for the year are as set out on pages 7 and 8. During the year the Trust made donations to 38 charitable organisations. Financial review a. Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. b. Reserves policy The charity finished the year with a deficit of £99,438 (2025 - £11,425) and reserves of £656,540 (2025 - £755,978). All funds at the end of the year were unrestricted resources. The Trustees are satisfied with the results for the year. Structure, governance and management a. Constitution Abundant New Life Trust is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association dated 28 February 2022. Abundant New Life Trust is registered with the Charity Commission for Northern Ireland, its charity number is NIC 109067. The company was incorporated on 24 March 2022. The principal objective of the charity is the advancement of the Christian Faith, and relief of those in need by reason of youth, age, ill health, financial hardship or other disadvantage. b. Methods of appointment or election of Trustees The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association. c. Organisational structure and decision-making policies The day-to-day responsibility for the provision of services rests with the Trustees, who ensure that the Trust delivers the service specified and complies with all relevant laws and regulations. d. Financial risk management The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. Members' liability The Members of the Company guarantee to contribute an amount not exceeding £1 to the assets of the Company in the event of winding up. Page 3
ABUNDANT NEW LIFE TRUST (A Company Limited by Guarantee) Statement of Trustees' responsibilities The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: ∙select suitable accounting policies and then apply them consistently; ∙observe the methods and principles of the Charities SORP (FRS 102); ∙make judgments and accounting estimates that are reasonable and prudent; ∙state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; ∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by:
Mr J McFadden Trustee | Mr S Fleming Trustee
Date: 3 August 2026 |
Page 4
ABUNDANT NEW LIFE TRUST (A Company Limited by Guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2026
Independent Examiner's Report to the Trustees of Abundant New Life Trust
I report on the financial statements of the company for the year ended 31 March 2026 which are set out on pages 7 to 19.
Respective Responsibilities of charity Trustees and Examiner
As the company's Trustees (and also the Directors of the company for the purpose of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the company is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to: ∙examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008; ∙follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act; and ∙state whether particular matters have come to my attention.
Basis of Independent Examiner's Statement
I have examined your company accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. My examination included a review of the accounting records kept by the company and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as company Trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe:
1. | that accounting records were not kept in accordance with section 386 of the Companies Act 2006;
2. | that the accounts do not accord with those accounting records;
3. | that the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102);
4. | that there is further information needed for a proper understanding of the accounts to be reached.
Page 5
ABUNDANT NEW LIFE TRUST (A Company Limited by Guarantee) INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026
Independent Examiner's Statement
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. This report is made solely to the company's Trustees, as a body, in accordance with section 65(3)(a) of the Charities Act (Northern Ireland) 2008 and regulations made under section 66 of that Act. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report. Signed: Scott McCullough Dated: 3 August 2026 Scott McCullough FCA Chartered Accountants Ireland Suite 2.06 Custom House Custom House Square Belfast BT1 3ET Page 6
ABUNDANT NEW LIFE TRUST (A Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2026
|  | Unrestricted funds 2026 | Total funds 2026 | Total funds 2025
| Note | £ | £ | £
Income from: |  |  |  |
Donations and legacies | 3 | 1,200 | 1,200 | 71,200
Investments | 4 | 24,513 | 24,513 | 31,484
Total income |  | 25,713 | 25,713 | 102,684
Expenditure on: |  |  |  |
Charitable activities | 5 | 125,151 | 125,151 | 114,109
Total expenditure |  | 125,151 | 125,151 | 114,109
Net movement in funds |  | (99,438) | (99,438) | (11,425)
Reconciliation of funds: |  |  |  |
Total funds brought forward |  | 755,978 | 755,978 | 767,403
Net movement in funds |  | (99,438) | (99,438) | (11,425)
Total funds carried forward |  | 656,540 | 656,540 | 755,978
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 10 to 19 form part of these financial statements.
Page 7
ABUNDANT NEW LIFE TRUST (A Company Limited by Guarantee) REGISTERED NUMBER: NI686864 BALANCE SHEET AS AT 31 MARCH 2026
|  |  | 2026 |  | 2025
| Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investments | 9 |  | 47,296 |  | 42,788
|  |  | 47,296 |  | 42,788
Current assets |  |  |  |  |
Debtors | 10 | 3,658 |  | 12,480 |
Cash at bank and in hand |  | 707,146 |  | 802,270 |
|  | 710,804 |  | 814,750 |
Current liabilities |  |  |  |  |
Creditors: amounts falling due within one year | 11 | (101,560) |  | (101,560) |
Net current assets |  |  | 609,244 |  | 713,190
Total assets less current liabilities |  |  | 656,540 |  | 755,978
Net assets excluding pension asset |  |  | 656,540 |  | 755,978
Total net assets |  |  | 656,540 |  | 755,978
Charity funds |  |  |  |  |
Restricted funds | 13 |  | - |  | -
Unrestricted funds | 13 |  | 656,540 |  | 755,978
Total funds |  |  | 656,540 |  | 755,978
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Mr J McFadden Trustee | Mr S Fleming Trustee
Date: 3 August 2026 |
Page 8
ABUNDANT NEW LIFE TRUST (A Company Limited by Guarantee) REGISTERED NUMBER: NI686864 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2026
The notes on pages 10 to 19 form part of these financial statements.
Page 9
ABUNDANT NEW LIFE TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
1. | General information
Abundant New Life Trust is registered as a charitable company limited by guarantee, incorporated in Northern Ireland with company registration number NI686864. The company is registered with the Charity Commission for Northern Ireland with charity registration number NIC109067. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company. The registered office is situated at Suite 2.06, Custom House, Custom House Square, Belfast, BT1 3ET. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Abundant New Life Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
| 2.2 | Income
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
| 2.3 | Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. Page 10
ABUNDANT NEW LIFE TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 2.Accounting policies (continued)
| 2.4 | Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
| 2.5 | Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities. Investments in subsidiaries are valued at cost less provision for impairment.
| 2.6 | Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
| 2.7 | Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
| 2.8 | Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
| 2.9 | Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
| 2.10 | Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes. Investment income, gains and losses are allocated to the appropriate fund. Page 11
ABUNDANT NEW LIFE TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
| 3. | Income from donations and legacies
|  |  | Unrestricted funds 2026 | Total funds 2026
|  |  | £ | £
| Donations | 1,200 | 1,200
|  |  | Unrestricted funds 2025 | Total funds 2025
|  |  | £ | £
| Donations | 71,200 | 71,200
| 4. | Investment income
|  |  | Unrestricted funds 2026 | Total funds 2026
|  |  | £ | £
| Interest on cash deposits | 24,513 | 24,513
|  |  | Unrestricted funds 2025 | Total funds 2025
|  |  | £ | £
| Interest on cash deposits | 31,484 | 31,484
Page 12
ABUNDANT NEW LIFE TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
| 5. | Analysis of expenditure on charitable activities
|  | Summary by fund type
|  |  | Unrestricted funds 2026 | Total 2026
|  |  | £ | £
| The advancement of religion | 107,151 | 107,151
| The relief of those in need by reason of youth, age, ill-health, disability, financial hardship or other disadvantage | 18,000 | 18,000
|  | 125,151 | 125,151
|  |  | Unrestricted funds 2025 | Total 2025
|  |  | £ | £
| The advancement of religion | 99,109 | 99,109
| The relief of those in need by reason of youth, age, ill-health, disability, financial hardship or other disadvantage | 15,000 | 15,000
|  | 114,109 | 114,109
| 6. | Analysis of expenditure by activities
|  |  | Activities undertaken directly 2026 | Support costs 2026 | Total funds 2026
|  |  | £ | £ | £
| The advancement of religion | 105,100 | 2,051 | 107,151
| The relief of those in need by reason of youth, age, ill-health, disability, financial hardship or other disadvantage | 18,000 | - | 18,000
|  | 123,100 | 2,051 | 125,151
Page 13
ABUNDANT NEW LIFE TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 6.Analysis of expenditure by activities (continued)
|  |  | Activities undertaken directly 2025 | Support costs 2025 | Total funds 2025
|  |  | £ | £ | £
| The advancement of religion | 97,050 | 2,059 | 99,109
| The relief of those in need by reason of youth, age, ill-health, disability, financial hardship or other disadvantage | 15,000 | - | 15,000
|  | 112,050 | 2,059 | 114,109
| Analysis of direct costs
|  | Religious activities 2026 | Relief activities 2026 | Total funds 2026
|  | £ | £ | £
| Donations to charitable organisations | 105,100 | 18,000 | 123,100
|  | Religious activities 2025 | Relief activities 2025 | Total funds 2025
|  | £ | £ | £
| Donations to charitable organisations | 97,050 | 15,000 | 112,050
| Analysis of support costs
|  | Religious activities 2026 | Total funds 2026
|  | £ | £
| Bank charges | 33 | 33
| Insurance | 345 | 345
| Governance costs | 1,673 | 1,673
|  | 2,051 | 2,051
Page 14
ABUNDANT NEW LIFE TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 6.Analysis of expenditure by activities (continued) Analysis of support costs (continued)
|  | Religious activities 2025 | Total funds 2025
|  | £ | £
| Bank charges | 93 | 93
| Insurance | 330 | 330
| Governance costs | 1,636 | 1,636
|  | 2,059 | 2,059
7. | Independent examiner's remuneration
|  |  |  | 2026 | 2025
|  |  |  | £ | £
| Fees payable to the Company's independent examiner for the independent examination of the Company's annual accounts | 650 | 624
| Fees payable to the Company's independent examiner in respect of: |  |
| Accounts preparation fees not included above | 910 | 936
| All other services not included above | 458 | 406
8. | Trustees' remuneration and expenses
| During the year, no Trustees received any remuneration or other benefits (2025 - £NIL).
| During the year ended 31 March 2026, no Trustee expenses have been incurred (2025 - £NIL).
Page 15
ABUNDANT NEW LIFE TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
9. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 April 2025 | 42,788
| Additions | 4,508
| At 31 March 2026 | 47,296
| Net book value |
| At 31 March 2026 | 47,296
| At 31 March 2025 | 42,788
| Principal subsidiaries
The following was a subsidiary undertaking of the Company:
| Name | Company number | Registered office or principal place of business | Principal activity
| NLT Hodge Limited | NI005110 | Suite 2.06, Custom House, Custom House Square, Belfast, BT1 3ET | Property holding company
| Class of shares | Holding
| Ordinary A & B | 100%
The financial results of the subsidiary for the year were:
| Name | Net assets £
| NLT Hodge Limited | 29,168
Valuation The investment held in NLT Hodge Limited is carried at the cost of the investment plus any costs incurred by the Trust on behalf of the company. The Trustees are unable to determine the actual value of the shares in NLT Hodge Limited due to uncertainty over the value of the subsidiary's property but are Page 16
ABUNDANT NEW LIFE TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 9.Fixed asset investments (continued) confident that the value is in excess of the stated valuation.
10. | Debtors
|  | 2026 | 2025
|  | £ | £
| Due within one year |  |
| Prepayments and accrued income | 3,658 | 12,480
|  | 3,658 | 12,480
11. | Creditors: Amounts falling due within one year
|  | 2026 | 2025
|  | £ | £
| Other creditors | 100,000 | 100,000
| Accruals and deferred income | 1,560 | 1,560
|  | 101,560 | 101,560
12. | Financial instruments
|  | 2026
|  | £
| Financial assets |
| Financial assets measured at fair value through income and expenditure | 707,146
Financial assets measured at fair value through income and expenditure comprise of cash and cash equivalents.
| 13. | Statement of funds
|  | Statement of funds - current year
|  |  | Balance at 1 April 2025 £ | Income £ | Expenditure £ | Balance at 31 March 2026 £
|  | Unrestricted funds |  |  |  |
| General Funds - all funds | 755,978 | 25,713 | (125,151) | 656,540
Page 17
ABUNDANT NEW LIFE TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
| 14. | Summary of funds
|  | Summary of funds - current year
|  |  | Balance at 1 April 2025 £ | Income £ | Expenditure £ | Balance at 31 March 2026 £
| General funds | 755,978 | 25,713 | (125,151) | 656,540
Page 18
ABUNDANT NEW LIFE TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
| 15. | Analysis of net assets between funds
|  | Analysis of net assets between funds - current year
|  |  | Unrestricted funds 2026 | Total funds 2026
|  |  | £ | £
| Fixed asset investments | 47,296 | 47,296
| Current assets | 710,804 | 710,804
| Creditors due within one year | (101,560) | (101,560)
| Total | 656,540 | 656,540
16. | Related party transactions
| During the year the charity continued to hold an interest-free loan from a related party. This loan has been provided for an indefinite term and for the sole purpose of earning interest for the charity's funds. The balance outstanding at 31 March 2026, is as follows:
|  | Amounts owed to related parties
|  | £
| 2026 | 100,000
| 2025 | 100,000
17. | Controlling party
During the year the charity was under the control of the Board of Trustees. The Trustees are considered to be the ultimate controlling party.
Page 19