NEW COVENANT FELLOWSHIP CHURCH A place to love God and love people New Covenant Fellowship Church (A company limited by guarantee) Annual Report and Flnancial Statements For the year ended 31st October 2020 Charlty number: 1147874 Company number: 7810922 Annual Rert and FinarKioI Statements-yearendin8 3111 CXtobÈr 2020
NEW COVENANT FELLOWSHIP CHURCH A place to love God and love people New Covenant Fellowshlp Church (a company limited by guarantee) Annual Report and Financial Statements For the year ended 31" October 2020 Contents Page Reference and Admlnlstrative Information A3 Management Commlttee Report Responsiblllty of the Mana8ement Commlttee Independent Examinerfs Report Statement of Income and Retained Earnlngs Statement of Financial Positlon (Balance Sheet) Notes to the Financial Statements A4 Detailed Income Statement Notes to the Detailed Income Statement io Annual Rert and FInala1 Statèments-yearendiry al# (k¢0r 2020
NEW COVENANT FELLOWSHIP CHURCH A place to love God and love people Reference and Admlnlstrative Informatlon New Covenant Fellowshlp Church INCFC) The Trustees present its Management Committee Report and independently examined financial statements for the year ended 31" October 2020. Referen¢e and Admlnlstratl¥e Inforniatlon Charlty Name.. Charity Registration Number.. New Covenant Fellowshlp Church 1147874 Company Re8lStratlon Number: 7810922 Re8lStered Office: 28 Whlpperley Way. Luton, LUI 5LG Operational Address.. Kestin House. 45 Crescent Road, Luton, LU2 OAH Management Commlttee (Board of Trustees) Mr J Henrique dos Santos Mrs I d05 Santos Mrs S Graham- Chair DrSJPam Mr N Lannap Treasurer: Mr D Graham Independent Examlner of Accounts Mr Chris Soper, 20 Furzen C105e. Dunstable, Bedfordshire. LU6 3EN Bankers- HSBC, l High Stet. Harpenden. AL5 2RS Annual Report and Financial Statemerts-yeai ending 31rt Ortober 2020
NEW COVENANT FELLOWSHIP CHURCH A place to love God and love people Management Committee Report Structure, Governance and Management Governin New Covenant Fellowship Church INCFCI is a charitable company Ilmlted by guarantee. It was incorporated on 14 October 2011 and reglstered as a charity on 28 June 2012. The company was established under a Memorandum of Association which estsblished the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members a required to contribute an amount not exceeding £10. ecruitmen an f h Mana mm The Directors of the company are also the charity trustees for the purp05e5 of charlty law and under the companvs Articles are known as members of the Management Committee. Under the requlrements of the Memorandum and Articles of Association, Directors continue in office until they re5i8n. are removed or pass away. There Is a variable term for Membership tenure. This is reviewed informally. As and when new members are requlred, potential candidates wlll be Identlfied based on thelr skllls. experience and involvement wlth NCFC. The Management Commlttee seeks to maintain a range of appropriate organlsatlonal and busine55 skills on the committee. Due to thelr overslght and re5ponslblllty for the Chlldren's Mlnistry. the Management Committee undertake a Dlsclosure and Barring Service ID8S} check. J Henrique dos Santos and Ivanilde dos Santos a both members of the Management Committee and Pastors of the church. J Henrique dos Santos and Ivanilde dos Santos are remunerated by the church for their roles as Pastors and are also pemitted to be members of the Management Commlttee in accordance with the Memorandum and Articles of Association and by the Charity Commission. No other members of the Management Committee are remunerated and receive no beneffts from the charity. rustee induction and trainin During 2019-2020, no new trustees were appointed to the Board. The existing Trustee5 are all familiar wlth the work and life of the church and hold positions of responsibility within the church in addition to bein8 a Trustee. Annual Report and Financial Ststemerts-year endlng 311# October 2020
NEW COVENANT FELLOWSHIP CHURCH A place to love God and love people Potential new Trustees will be provided with information on the roles and responsibilities of Trustees as part of an initial scoping conversation. The information will include previous minutes and company documents le.g. Annual Reports). Potential candidates will need to successfully pass an interview proce55 invofving the Chair and other Trustees before being appointed. Rlsk M emen The Management Committee has considered the major ri5ksto which the charity is exposed and has identified mitl8atin8 actions in pla to overcome these risks. nisation Five members seThed on the NCFC Board of Trustees durln8 2019-2020. The Board can be expanded as the charlty requires. The Trustees meet approxlmatety four tlmes a year and they cover the financial and administratNe matters of the charity- The Trustees have a mixture of Christian, charity and professional background5 relevant to the work of NCFC. The splritual leadership of the church has been delegated to the Pastors by the Trustees. Consequently, the Pastors are responsible for setting the splrltual dlrectlon for the church. To support the Pastors, the church has a Pastorsupport Group who support the Pastors In splrltual and leadership matters. The Pastor Support Group also oversee or support various functions within the church. kin rocesses NCFC has a number of declslon-maklng processes In place to ensure that decisions are made in accordance with the aims and oblectlves of the charity and ensure good financial management. The key decision-makln8 processes in place are a5 follow5: l. Spiritual matters- delegated to the Pastors. 2. Financial matters - expenditu up to £27 can be carried out independently by the Pastors. Expenditure over £2(Kl has to be agreed by the Trustees. 3. Governan matters- carried out by the Trustees. Rela ed Parti The charity is affiliated to New Covenant Fellowship in Brazil Ilgreja Evangelica Nova Aliancal. It supports a Luton-based based Christian organisation. Azalea Iworking with vulnerable women). AnThual ReFQrt and Financial Ststements-arendblVa3lll October 2020
NEW COVENANT FELLOWSHIP CHURCH A place to love God and love people in Lutonl. It Is also supports a number of Christian charitie5 and outreach projects including Compassion UK Open Doors and Hands of Mercy. Fin l Review and Reserv The church receives its funding from tithes. offerings and donations given by members of the congregation. The church's income increased by just over 5% in the financial year. This is mlraculous given the impart of Covid on society in 2020. Despite Covid. the church continued to support various local and overseas missionary activities to support its mission of advancing the Christian falth for the public benefit. NCFC alms to hold sufficient unrestrlcted funds not designated or invested In fixed assets li.e. "free reserves") to meet three months expected commltted expendlture. In 2019-20, the charlty had sufficient resenies to meet thi5 level of expenditure. Mitigating action will be taken should reseThes drop below the required level. ObJectlve5 and Actlvltles New Covenant Fellowship Church is a re8iStered charity and a company limited by 8uarantee. The charlvs objects contalned In the companvs Memorandum of Assoclatlon are: To advance the Christian faith for the public benefit. The church has an overarching goal to 'make Jesus too blg to Ignore., The church's vlsion and mlsslon Is based on seven key prlnciples which govern the priorltles and focus of the church. The seven key principles are: 11 Love God 21 Love people 31 Live accordlng to the Word of God {the Hoty Bible) 41 Live in the power of the Holy Spirit 51 Llve a life of holiness 61 Live a life of freedom 71 Live a life of revelation The Trustees have regard to the Commission's public benefit guidan when exercising any powers or duties to which the guidan is relevant and take this into account when planning the Anftual Report and Finandal Ststements-yearendlre3151 Ortoter 2020
NEW COVENANT FELLOWSHIP CHURCH A place to love God and love people activities and focus for the year. Although the church continued key activity to help fulfil its purpose and mission, normal church artNity was Significant disrupted from March 2020 due to the onset of the Covid pandemlc and the subsequent lockdowns on UK soclety. Performance and Achievements As stated above, the church carried out a limtted range of actlvitles durlng the year from March 2020 due to the Covid pandemic: Core church activlty Main Sunday daytime service - between November 2019 and early March 2020, thls took plao In-person, Incorporatin8 worshlp. teachln& preachln& prayer and a Sunday Club for the chlldren and youn8 people. Once the Covid lockdown wa5 announced In March 2020, the church service took place online as in-person services were not pemiltted. In-person services resumed once these were perrnitted. Subject to government 8uidelines. and were continued to be broadcast online. However the Sunday Club dld not run from March 2020 due to the Covld restrictions. The Sunday seNices were open to all church and non-church members. The young adults group118+) met in person (prior to March 20201 and then online once the Covid restrictions started. Cell groups- the weekly meetln8s of smaller groups of church members contlnued but took place online. They continued to help develop the spiritual growth and fellowship of church members and accountability within the church. Baptism for church members- a baptlsm took place in July 2020. Prayer, intercession and healin8 services- these took place in-person prior to the Covld restrictions but then took place online after March 2020. Structured bible reading plans. Truinlng ond discipleship Christian growth discipleship course-thls contlnued In-person prlorto March 2020 and Started a8ain online in September 2020 due to the Covid striCtl0n$. Conftrence5 Encounter with God Conferen5~ these did not take pla during the financial year. due to the Covid $trirt1on$. A7 Annual ReFQrt and FiTrarKl statemerlts-ar endlng 31A Ortober 2020
NEW COVENANT FELLOWSHIP CHURCH A place to love God and love people Women's Conferen andlor felbwshlp activities - these took place prior to March 2020 but then paused due to the Covid StrictIOnS. Men's conference andlor fellowship and artNities - these took place prior to March 2020 but then paused due to the Covid striCtl0n$. During the financial year, the church also supported missionary actr¥ity in Thailand and Rwanda and continued to sponx*r two children through the charity, Compasslon. Plan NCFC Is committed to fulfil its mlsslon and vision of loving God. loving people and maklng Jesus tIK> bi8 to Ignore. As UK society continues to adjust out of lockdown. NCFC will also resume a number of the core attlvlties (that were paused durlng the Covid lockdowns) and/or seek to expand on exlsting actlvltles. The following actNities are ntral to NCFC fulfilllng Its vlslon: the main Sunday setvlce, Intercession. healin& inner healin& prayer support, discipleship and trainin& men's and women's ministries, evan8elistlc outreach, teens and young adults. work and missionary support. Responslbllltles of the Management Commlttee Company law requlres that the Management Commlttee prepare flnanclal statements for each firtancial year whlch 8lve a truè and fair view of the state of the affairs of the charitable tompany as at the balance sheet date and of its incoming resources and applications of resources, Includlng Income and expenditure, for the financial year. In preparing those financial statements, the Management Commlttee should follow best practice and.. select suitable accounting policies and then apply them consistentlyi make judgments and estimates that are reasonable and prudent: and prepare the financlal ststements on the going concern basis unless it is not appropriate to assume that the company will continue on that basis. The Management Committee is responsible for maintsining proper accounting records whlch disclose with reasonable accuracy at any time the financial position of the charitable company and'to enable them to ensure that the financial ststements compty wfch the Companies Act 1985, plus the Financial Reportin8 Standard for Smaller Entities. The Management Committee Annual Rewjrt and Financial state[- yearending 311¢ October 2020
NEW COVENANT FELLOWSHIP CHURCH A place to love God and love people is also SponSible for 5afeguardin8 the assets of the charitable company and hen for taking reasonable steps for the prevention and detettion of fraud and other irregularTrties. Mem f the Mana ement Commi Members of the Management Committee. who are Directors for the purpose of company law and trustees for the purpose of charity law. who served during the year and up to the date of thls report. are set out on page A3. Donald Graham continued to Serve as the treasurer but does not serve as a trustee. In accordance with company law, as the compan$ directors. we certify that: so far as we are aware, there is no relevant inforniatlon of whlch the companvs Independent examiner of accounts is unaware", as the directors of the company we have tsken all the steps that we ought to have taken in order to make our5efves aware of any relevant information and to estsbllsh that the charitys independent examiner of accounts is aware of that infomiation. Mr Chris Soper was appointed as the charitable comparfs accountant and independent examiner of the accounts. The Trustees consider that an audit Is not required for this year under Section 43121 of the Charlties Act 1993 (the 1993 Act) and that an Independent Examination is needed. Approved by the Management Committee on ol loLI and signed on its behalf by: Mrs S Graham (Dlrertor) Annual Rert and Financol State-ve3r endlng 31st cttober 2020
New Covenant Fellowship Church Company Limited by Guarantee Independent Examlner's Report to the Board of Dlrectors on the Preparation of the Unaudited Statutory Flnancial Ststements of New Covenant Fellowship Church Year ended 31 October 2020 I report on the Accounts of the Charity for the year ended 31° October 2020 which are set out on the following pages. The Charrty's Trustees are responsible for the preparation of the Accounts. The Chanty'5 Trustees onsider that an audit is not required for this year under Section 43{21 of the Charitse8 Act 1993 (the 1993 Aetl and that an Independent Examination is needed. It is my responsibility to.. examine th• Accounts under Section 43(3}lal of the 1993 Act.. follow the procedures la down in thè Gonoral Dirgction8 given by the Chgrily Commi881on undor SoGt*)n 4317)(bl of the 8ahl 1993 Act., and slatg whether particular matter8 havo comg to my attention. My examination was carried out in accordance with the General Diredions given by the Charity Commi88ion. An examination includes o review of the accounting records kept by the Charity and 8 comparison of the acGounls presented wrth Ihosfj record8. 11 also includes conSeration of any unusuol such matters. The procedures undertaken do not provide all the evidence that woulty bg required in an audr(, and consequently I do not express an audit opinion on the vigw givgn by the Account8. In connection with my examination no matter has come lo my attention.. 111 which gives me reasonable cause lo believe in any material respect the requiremgnls lo keep accounts'ng records in accordance with Section 41 of the Charities Act 1993.. and lo preparè Ae¢ounts wthich a¢¢ord with th• attounting r•cord$ and lo compty with the accounting requirements of the Sa 1993 Act havo I1 been met. or 12} lo whlch, In my Opin. attentn should be drawn in order to enable a proper understanding of the Accounts to be reached. C WSOPER FCCA 20 FURZEN CLOSE DUNSTABLE BEDS, LU6 3EN DATE.. 2021
New Covenant Fellowship Church Company Limited by Guarantee ststement of In¢ome and Retalnod Earnlngs Year ended 31 October 2020 2020 2019 Turnover 69,456 66,084 Op8ratlng Income 69,456 66,084 AdmlnislratNe expon588 Other operating income Surplus I Idgllcletl Incomg & Expondltuv? 76.126 17,005 73,532 15,005 11.396 7,557 Surplus bgforn taxatlon 11,395 7,557 Tax on surplus Surplu3 for the flnaTrclal y••r and toi•l comprehon*lvo Incom8 11,395 7,557 Retalnod ••rnlngJ at th• $tsrt of th• year R•taln•d earnlng8 at th• •nd of the year 47,157 58.552 39,600 47,157 All the activit8 of the company are from ¢ontlnuing operntW5. Th• not•• on pag•s S to 7 forni of th0 fin•nelal #tst•m•nts.
New Covenant Fellowship Church Company Limlted by Guarantse Statement of Flnanclal Posltlon 31 Octobor 2020 2020 2019 Flxed assots Tangible assets 4,389 7,666 Current assots Cash at bank and in hand 39,783 Credltor8: ttmounts falllng due wlthln one year N•t curr•nt ass•ts 292 54.163 39,491 47,157 Total a¥¥gts l¢si currènt118blllil 58,552 N•t a888ts SB.532 47.157 Capltal and reserv Profil and loss account 68,562 58,552 47,157 47,157 Mornbèrn fund8 Thes8 financial slalements havg been prèpared in accordance with Ihg provisions applicable to ¢ompanies subject lo the small compani8s' regime and in acCOanCe with FRS 102 'The Financial Reporting Standard applicable in th8 UK and Republic of Irgland,. For th¢ year ending 31 October 2020 the company w8$ entitled lo exemptson from audit undor soction 477 of the Companies Acl 20C6 relating lo small companies. Dlreclors. fe8ponsibililieJ'. The mombers have not requirnd the company lo obtsin on audfl of its finan81 8t*8ments for the year in question in aordance with 8ecth?n 476", The dire¢tor8 acknovledge their responsibilities for comptying with the requirom¢nls of the Act wrth respect lo accounling ro¢ords and the preparation of financial $tatement8. These financial Statements were 8pppJved by the board of directors and aLrthori$ed for 188ue on .l.f.l.Q.7.1.U. and •ro signed on behall of the board by.. S Graham Director Company registration number. 07810922 Th• nots• on pagea 6 to 7 form part ol th? finanehl stst•ments.
New Covenant Fellowship Church Company Llmited by Guarantee Notss to the Financlal Statements Year ended 31 October 2020 General Inforniatlon Th• company is a private company limited by guarantee, registe in England and Wales. The 8(4dress of the re9islered office is 28 IpPedY Way, Luton, Beds, LU15LG. Stat8ment of cornpllanco These firbancial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Irend.. Accountlng pollclvJ Bag1¥ of prgparatlon The financial slalements have been prepare(l on the historic81 cost basls, as mtsJ1fi8d by the revaluation ol certain financial assets and liabilities and investment properties measured at fair value through profrt OT b8S. Th6 financial 8tatennts are prepared in sterting. whh Is thè functional currency of the enlty. Tanglblo a•$•ts Tangible a88els aro initialty recorded at C08t. and 8ub8equ8nlty $tat8d at Cost le88 any accumul8led depreciation and impaimienl los$e$. Any tangible a¥¥els carried al revalued amounts are recorded al the fair value at the date of rev81uation less any Subsequent accumulated depreckgtion and 8ub6equent accumulated impaimwnl108888. An increase in the carying amount of an asset 88 a rn8uh of o r•vaIu8tn. 18 r•cogni8•d In oth•r comprehensive income and accumulat¢d in equty, except to the gxtenl f¢ revelses a revaluation decrease of the 88me as1 preo$1Y recognised in profil or 1088. A decrea8e In the carying amount of an 85581 a8 a resutt of revaluation. is recogni88(f in other comprehensive income lo the extent of any previously recognised revaluation increase accumulated in equity in resped of that asset. Where a revaluatn decrease exceeds the accumulated revaluallon gains accumulated In equty in respect of that asset, the exce88 shall b• recognised in prorrt or loss. Deprnclatlon Depreciation is calculated so as lo write off Ihe cost or valualK)n of an a8$el. less Its re8klual value, over th• useful ecommic lrfe of that asset as foll(rws'. Musi1 & nd oquipment 25% 8trnighl line ImpSrmont of flx•d au•l• A revtew for indicators of impairmnt 1$ carrigd out al each rgporting dale, with the recoverable amount being estimated where such indicators exist. INhere the carrying value exceeds the recoverable amount. the asset 1$ impaired a¢¢ordingty. Prior imp8im)enls a also reviewed for possiblè revèrBal al each reporting date. FOT the purposes of impaimient lesling, when rt is not possible to eslimale the recoverable amount of an individual asset, an estimate k8 made of the recoverable amount of the ca$h- generating unit lo which the asset belong5. The Cashenerating unrt Is the small95t identifiable group of assets that includes the asset and generates cash inflows that largety indepondenl of the cash inflows from other assets or groups of assols.
New Covenant Fellowship Church Company Limlted by Guarantee Notos to the Flnanclal Statements {coftUnu Year ended 31 October 2020 Accountlng pol1cl feoniiftu•d) Impalrment of flxed assets (¢oniiftu• For impaimienl testing of g¢)0111, the goo(h¥ill acquired in a business combination is. from the acquisrtion dale. alloted to each of the cash4eneraling units th are expected lo benefit from the synergies of the combination. irrespective of wthether other assets or liabilrties of the company are assigned to those units. Flnanclal Instrum•nts Finan¢lal Iw4bilitie5 and equity instruThnls affj classrfi8d according to the subslaneA of the contractual arr8ng•m¥nls Onlered into. An equity instrum•nl is any contract Ihgt evidenc08 a residual interest in the as¥els of Ihe enlrty after deducting all of rt$ financial liabilits88. Where the contractual obligations of financial instruments (including share capilall are equivalent to a similar debt irt8trumenl, Ih08e financial instruments are Classed as financial liabilities. Financial liabilit$ are presenled as such in the balaneè sheet. Finance costs and gains or kJ$oes relating lo financial liabili(ies are inGluded in the pfofil and loss account. FinanGe Gosl8 are calculated 80 88 lo produco a nstant rale of return on th8 oulslanding liabilty. ere the conlrnctual temis of shaffj Gapital do not ha any leffts meeting the definition of financial liabilty then this 18 Glassed as an equty instrumenl. Dividends and di8tribulion$ relating lo equity instruments ar8 d8bited dirod lo oquty. Company IlmFt•d by gu•rant The company ha8 no share capital and is limited by guarantee. Surplus beforn taxatlon SU1¥ bfor• l•x8ti¢)n 18 Jtat•d aft•r chargin9.' 2020 2019 Depreci8tion of tangible assets 3,277 Tanglbl• ••#•ts Equipment Totsl C1 At 1 NoveMr 2019 and 31 Oclobor 2020 13.110 13,110 Depro¢latlon Al 1 November 2019 Charge for the year At 31 October 2020 3,277 8,721 3,277 8,721 Carryln9 amount At 31 October 2020 4.389 4,389 At 31 October 2019 7.666 7,666
New Covenant Fellowship Church Company Limited by Guarant88 Notes to the Financlal Statements {conthusrfJ Year ended 31 October 2020 Credltors: amounts falllng due wlthln one year 2020 2019 other creditors 290 292 Related party tr•ns•ctlon$ No Iran8aCtion6 with related parties were undertaken SLKh 08 are required to be disclosed.
New Covenant Fellowship Church Company Limlted by Guarantee Management Infomiatlon Year ended 31 October 2020 Tho lollowlng pagos do not forni p•rt of th• flnanclal statsments.
New Covenant Fellowship Church Detailed Income Statement Year ended 31 October 2020 2020 2019 Turnover 69.456 66,084 Op8r•tlng Income 69,456 66.084 Ov8rhead¥ Administrative expenses 76.126 73.532 Other operatlng In¢om8 17,066 15,005 Surplu• I Idoficltl Inco• & •xpondllurn 11,396 7,557 Surplus befor• tax•tlon 11.395 7,557
New Covenant Fellowship Church Notes to the Detalled Income Statement Year ended 31 October 2020 2020 2019 Establlshmgnt txynses Rent & rates Insurance 7,800 465 7.800 448 8.255 8.248 Ggngral expenses Travel and conference costs P8slor & speaker ¢osts Mission cost5 Royalties Equipment iepairn and renewals Staff training Staff wsls admin P8yroll cost8 Giving 2.006 44.100 1.050 274 670 1,087 42,000 742 1,181 4,7H 5,004 600 5,722 178 Books Compulor & aG5rIe• Hospilalty Legal and profe88ional lee8 Accountancy fees Depreciation of langlble a88et8 625 1,024 633 288 280 3,277 66,836 978 2,520 1,65S 280 3,277 65,206 Flnanclal co•i• 8ank charges 36 78 75.128 73.532 Othèr 0ratIng Incom• Other operating income - 17,065 15.OOS 10-