2024-12-31-accounts - Newfield Community Church Trust

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NEWFIELD COMMUNITY CHURCH TRUST

Accounts – 31st December 2024

NEWFIELD COMMUNITY CHURCH TRUST

Charity number: 1043115

Accounts – 31st December 2024

INDEX

1-2. Report of the Trustees and General Information 3. Independent Examiner’s Report to the Trustees 4. Statement of Financial Activities 5. Balance Sheet 6-9. Notes to the Accounts

NEWFIELD COMMUNITY CHURCH TRUST

REPORT OF THE TRUSTEES for the year ended 31st December 2024

The Trustees are pleased to present their annual report and financial statements of the charity for the year ended 31st December 2024.

The Financial Statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and complies with the Charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice (second edition) and Financial Reporting Standard FRS 102.

Reference and Administration Details

The charity’s name is Newfield Community Church Trust (formerly Marlow Christian Fellowship Trust).

Charity Registration Number: 1043115

Registered Address: Foxes Piece School Newfield Road Marlow Bucks SL7 1JW

Trustees

The Trustees and officers who served during the year and since the year end were as follows:

Gillian Snowdon Grant Syred David Hedges Matthew Sweet Coral Rumble

Objects and Activities

The main objects of the charity are:

a) The advancement of the Christian faith
b) The relief of people in need, sickness, hardship or distress

In planning the activities of the charity the trustees have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion.

The work of the Trust throughout the year has continued to focus on church-related activities in Marlow, the surrounding district and abroad.

Achievements and Performance

2024 saw us continuing to develop and deepen relationships within our church family and with the local community. The spiritual, practical and financial support needs of those in the church and our community has remained our primary focus. Working with conjunction with Foxes Piece School, we continue to use church facilities and resources to serve the local community, with initiatives including a Mums & Toddlers coffee morning. ‘Redefined’, a church based in a local café, continues to thrive and has expanded and helps people in the community to explore church in a less formal setup.

The funding for these activities is regularly reviewed by the trustees. Our commitment to ‘integral mission’ continues, with financial support going to both individuals and projects where material and spiritual needs can be met effectively and with appropriate accountability.

NEWFIELD COMMUNITY CHURCH TRUST

REPORT OF THE TRUSTEES

for the year ended 31st December 2024 ( Continued)

Financial Review

The total income for the year was £66,839 and total expenditure on charitable activities amounted to £68,321.

Reserves Policy

The trustees have examined the charity’s requirements for reserves taking account of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be between £10,000 and £12,000 in order to meet the short to medium term operating needs. The present level of the reserves available to the charity of £165,311 are therefore in excess of this level.

Structure, Governance and Management

Governing Document

The Trust was set up by Trust Deed dated 28[th] November 1994. It is registered as a charity with the Charity Commission.

Appointment of Trustees

New Trustees are elected from the attendees of Newfield Community Church Trust by the existing trustees and ratified by the leadership of the Church. All trustees are required to read the Charity Commission’s publications, especially CC3 covering Responsibility of Charity Trustees.

This report was approved by the trustees on 21st October 2025 and signed on its behalf by:

Matthew Sweet

………………………………….. Trustee

Marlow

NEWFIELD COMMUNITY CHURCH TRUST

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES

I report to the trustees on my examination of the accounts of Newfield Community Church Trust for the year ended 31st December 2024.

Responsibilities and Basis of Report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner’s Statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

A P Williams FCCA A J Carter & Co Limited Chartered Certified Accountants

22b High Street Witney Oxon OX28 6RB

27th October 2025

NEWFIELD COMMUNITY CHURCH TRUST

STATEMENT OF FINANCIAL ACTIVITIES

(including an income and expenditure account) for the year ended 31st December 2024

Note Income from: Donations and legacies 3 Investments 4 Other 5 Total incoming resources Expenditure on: Charitable activities 6 Total expenditure Net income/(expenditure) and net movement in funds for the year Transfer between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward	Unrestricted Restricted Total Funds Funds Funds 2024 £ £ £ 63,288 - 63,288 3,551 - 3,551 - - - 66,839 - 66,839 68,321 - 68,321 68,321 - 68,321 (1,482) - (1,482) - - - (1,482) - (1,482) 166,793 - 166,793 £165,311 £- £165,311	Total Funds 2023 £ 53,060 4,307 -
		57,367
		51,658
		51,658
		5,709 -
		5,709 161,084
		£166,793

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derives from continuing activities.

The notes on pages 6 to 9 form part of these financial statements

NEWFIELD COMMUNITY CHURCH TRUST

BALANCE SHEET as at 31st December 2024

Note Current assets Debtors 11 Cash at bank and in hand Total current assets Liabilities Creditors falling due within one year 12 Total net assets The funds of the Charity Total unrestricted funds 13	2024 £ 17,383 149,515 166,898 1,587 £165,311 £165,311	2023 £ 10,689 160,959
		171,648 4,855
		£166,793
		£166,793

These accounts were approved by the trustees and authorised for issue on: 21st October 2025 and are signed on their behalf by:

Matthew Sweet

………………………………..

Trustee

The notes on pages 6 to 9 form part of these financial statements

NEWFIELD COMMUNITY CHURCH TRUST

NOTES TO THE ACCOUNTS for the year ended 31st December 2024

1. Accounting Policies

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a) Basis of Preparation

The Financial Statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

b) Public Benefit Entity

Newfield Community Church Trust meets the definition of a public benefit entity under FRS 102.

c) Going Concern

The Trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.

d) Income Recognition Policies

Items of income are recognised and included in the accounts when all of the following criteria are met:

The charity has entitlement to the funds;
any performance conditions attached to the items of income have been met or are fully within the control of the charity;
there is sufficient certainty that receipt of the income is considered probable; and
the amount can be measured reliably.

Income received in advance of a specific performance or provision of other specified service is deferred until the criteria for income recognition are met.

e) Interest Receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the bank.

f) Fund Accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the Charity. Designated funds are unrestricted funds of the Charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for the particular areas of the Charity’s work or for specific projects being undertaken by the Charity.

NEWFIELD COMMUNITY CHURCH TRUST

NOTES TO THE ACCOUNTS

for the year ended 31st December 2024 (continued)

g) Expenditure and Irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h) Debtors

Trade and other debtors are recognised at the settlement amounts due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.

i) Cash at Bank and in Hand Cash at bank and cash 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.

j) Creditors and Provisions

Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Legal Status of the Charity

Newfield Community Church Trust is a registered charity and was formed under a Deed of Trust dated 28[th] November 1994.

3. Income from donations

Gifts and donations	2024 £ 63,288 £63,288	2023 £ 53,060
		£53,060

4. Investment income

The Charity investment income arises from money held in a Building Society account and a United Trust bank account.

5. Income earned from other sources

Use of premises	2024 £ - £-	2023 £ -
		£-

NEWFIELD COMMUNITY CHURCH TRUST

NOTES TO THE ACCOUNTS

for the year ended 31st December 2024 (continued)

6. Analysis of expenditure on charitable activities

UK Mission Rental expenses Insurance Software and equipment Wages and salaries Telephone Subscriptions Sundry expenses Professional charges Catering Governance costs Total	2024 Total £ 5,826 2,769 397 1,521 51,759 63 80 1,923 2,212 211 1,560 £68,321	2023 Total £ 5,582 3,597 393 1,396 37,186 62 130 952 334 346 1,680
		£51,658

7. Net income/(expenditure) for the year

This is stated after charging: Independent examiner's fee	2024 £ 1,560	2023 £ 1,680

8. Analysis of staff costs and trustee remuneration and expenses

Salaries and wages Social security costs Pension costs	2024 £ 36,105 - 1,081 £37,186	2023 £ 36,105 - 1,081
		£37,186

No employees had emoluments in excess of £60,000 (2023: Nil). The above costs represent remuneration paid to key management personnel.

A Hedges, the wife of one of the trustees, is paid for her employment as a Family and Community Worker. The charity trustees were not paid or received any other benefits from employment with the charity in the year (2023: £Nil) neither were they reimbursed expenses during the year (2023: £Nil). No charity trustee received payment for professional or other services supplied to the charity (2023: £Nil).

NEWFIELD COMMUNITY CHURCH TRUST

NOTES TO THE ACCOUNTS

for the year ended 31st December 2024 (continued)

9. Staff numbers

The average monthly number of employees during the year was as follows:

2024	2023
Number	Number
2	2

10. Related party transactions

During the year under review, trustees, employees or their families made unrestricted donations totalling £29,530 (2023: £18,379).

11. Debtors

Gift aid recoverable Prepayments	2024 £ 17,383 - £17,383	2023 £ 10,689 -
		£10,689

12. Creditors: amounts falling due within one year

Accruals	2024 £ 1,587 £1,587	2023 £ 4,855
		£4,855

13. Analysis of charitable funds

Analysis of movements in unrestricted funds

General fund Total	Balance Incoming Resources 31.12.2023 resources expended Transfers £ £ £ £ 166,793 66,839 (68,321) - £166,793 £66,839 £(68,321) £-	Funds 31.12.2024 £ 165,311
		£165,311

14. Other matters

At 31st December 2024 the Trust had no annual commitments under non-cancellable operating leases expiring in one year for land and buildings.