## New Creation Church London
## Report and Accounts
## Year ended 30 September 2020
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
## **NEW CREATION CHURCH LONDON**
## **LEGAL AND ADMINISTRATIVE DETAILS**
## **FOR THE YEAR ENDED 30 SEPTEMBER 2020**
ADDRESS FOR CORRESPONDENCE PO Box 382 Bexleyheath DA7 9LP GOVERNING DOCUMENT Constitution dated March 2014 CHARITY REGISTRATION NUMBER 1156316 TRUSTEES RESPONSIBLE FOR Alan Vance MANAGING THE CHARITY Ayodeji Bajomo Michael Mclean (resigned 31 December 2020) George Asampong (appointed March 2020)
BANKERS Barclays Bank UK PLC INDEPENDENT EXAMINER Jaimée Young Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
## **INDEX**
Page 1 Legal and Administrative Details Pages 2-3 Trustees' Report Page 4 Independent Examiner's Report Page 5 Receipts and Payments Account Page 6 Statement of Assets & Liabilities Pages 7-8 Notes to the Accounts Appendix Full Trustees' report
Page 1
## **NEW CREATION CHURCH LONDON**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 30 SEPTEMBER 2020**
The Trustees have pleasure in submitting the Report and Accounts for the year ended 30 September 2020.
## **Objects of the charity**
The charity, which is a church, is governed by a constitution. The charity's principal objects, as set out in its governing document, are: The Trust seeks to demonstrate the Christian faith in action by preaching the gospel of Jesus Christ, praying for the sick, helping the poor, teaching the scriptures and offering counselling support. The Trust operates mainly in and around the Bromley area.
## **Summary of the charity's main activities and achievements**
See Appendix for review of activities during the year.
## **Financial review**
During the year income decreased by £17,600 to £99,400, and expenditure decreased by £45,000, to £85,500. As a result the cash held by the charity increased by £13,900, to £62,400, of which £54,300 is unrestricted and can be used for any charitable purpose.
## **Impact of Covid**
There has been a significant drop in offerings and tithes as large gatherings have been restricted due to Covid. On the other hand, expenses such as rent and hiring fees have reduced as all meetings and activities are now online.
## **Reserves policy**
The trustees have determined that the charity should aim to hold unrestricted cash of no less than £21,000 (which equates to about 3 months' of unrestricted expenditure) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £54,300 and the charity is complying with its reserves policy.
## **Governance**
Responsibility for setting policy and for making operating decisions rest with the trustees who meet regularly to monitor the activities of the charity. Responsibility for the day to day operation of the charity has been delegated to department heads. New trustees are recruited and appointed by recommendation and nomination in agreement by trustees.
Page 2
## **Responsibilities of trustees**
Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.
We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.
We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.
## **Approval**
This report was approved by the trustees and signed on their behalf by:
Ayodeji Bajomo
Date: 29 May 2021
Page 3
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF**
## **NEW CREATION CHURCH LONDON**
I report to the trustees on my examination of the accounts of New Creation Church London ('the charity') for the year ended 30 September 2020 on pages 5 to 8 following.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 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 2011 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: 1. accounting records were not kept in accordance with section 130 of the 2011 Act; or
2. the accounts do not accord with the accounting records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Jaimée Young
Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
Date: 02 June 2021
Page 4
## **NEW CREATION CHURCH LONDON**
## **RECEIPTS AND PAYMENTS ACCOUNT**
## **FOR THE YEAR ENDED 30 SEPTEMBER 2020**
|Notes
**_Income receipts_**
Donations and grants
Gift aid receipts
Income from charitable activities
Interest
Other
**_Total receipts_**
**_Payments_**
2
3
**_Total payments_**
Transfers between funds
5
**Net movement in funds**
Cash funds as at last year end
**Cash funds at this year end**
A
Net
of
receipts
/
(payments)
before
transfers
Grants
paid
in
relation
to
charitable
activities undertaken by others
Payments
in
relation
to
charitable
activities undertaken directly||General
Designated
Funds
Funds
£
£
75,966
-
16,495
-
-
-
30
-
-
-
92,491
-
85,037
-
-
-
85,037
-
7,454
-
(1,582)
-
5,871
-
48,380
-
54,251
-
Unrestricted Funds|Restricted
Funds
£
6,740
-
157
-
-
6,897
455
-
455
6,442
1,582
8,024
97
8,121|Total
2020
£
82,706
16,495
157
30
-
99,387
85,492
-
85,492
13,895
-
13,895
48,477
62,372|Total
2019
£|
|---|---|---|---|---|---|
|||General
Funds
£
75,966
16,495
-
30
-
92,491
85,037
-
85,037
7,454
(1,582)
5,871
48,380
54,251||||
||||||93,321
19,398
4,217
42
16|
||||||116,994|
||||||130,001
466|
||||||130,467|
||||||(13,473)
-|
||||||(13,473)
61,950|
||||||48,477|
The notes on pages 7 - 8 form part of these accounts.
Page 5
## **NEW CREATION CHURCH LONDON**
## **STATEMENT OF ASSETS AND LIABILITIES**
## **FOR THE YEAR ENDED 30 SEPTEMBER 2020**
|**A**
**Cash funds**
Cash at bank with immediate access
Notice deposits
Petty cash
**B**
**Other monetary assets**
Gift aid due to charity
Rental deposit
Overpayment of pension
**C**
**Liabilities**
**Falling due within one year:**
Pension due
Fee for Independent Examination
Credit card expenditure|General
Designated
funds
funds
£
£
32,874
-
21,378
-
-
-
**54,251**
**-**
2,749
-
210
-
-
-
**2,959**
**-**
44
-
1,140
-
182
-
**1,366**
**-**
Unrestricted Funds|Restricted
funds
£
8,121
-
-
**8,121**
-
-
-
**-**
-
-
-
**-**|Total
2020
£
40,995
21,378
-
**62,372**
2,749
210
-
**2,959**
44
1,140
182
**1,366**|Total
2019
£|
|---|---|---|---|---|
|||||26,749
21,351
378|
|||||**48,477**|
|||||4,568
210
6,790|
|||||**11,568**|
|||||-
1,020
3,364|
|||||**4,384**|
## **D Assets retained for charity's own use**
|**ets retained for charitys own use**
Equipment
Motor vehicle - Volkswagen van|Value
2020
£
27,342
1
**27,343**|Value
2019
£|
|---|---|---|
|||27,342
1|
|||**27,343**|
The trustees have used insurance values as the trustees are unable to reliably estimate current values; insurance values may differ materially from current values.
## **E Guarantees and secured debts**
The charity has not given any guarantees and has not provided its assets as security for any liabilities.
The accounts were approved by the trustees and signed on their behalf
by date Ayodeji Bajomo 29 May 2021 The notes on pages 7 - 8 form part of these accounts.
Page 6
## **NEW CREATION CHURCH LONDON**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 30 SEPTEMBER 2020**
## **1 Accounting policies**
The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
|**2**
**Payments in relation to charitable activities undertaken directly**
Employment costs
Rent and premises expenses
Travel and vehicle expenses
Training and events
Church running costs and ministries
Legal and professional fees
Phone & internet
Insurance (excluding vehicle insurance)
Equipment (including hire)
Office, administration and support
Other costs
**3**
**Grants and gifts paid to others**
Individuals||Unrestrict|Designated
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
ed Funds|Restricted
Funds
£
-
-
-
-
400
-
-
-
-
-
55
455
-
-|Total
2020
£
40,870
8,415
4,532
5,865
16,242
5,411
1,350
405
399
1,405
598
85,492
-
-|Total
2019
£|
|---|---|---|---|---|---|---|
|||General
funds
£
40,870
8,415
4,532
5,865
15,842
5,411
1,350
405
399
1,405
543
85,037
-
-|||||
|||||||50,633
20,090
6,017
12,164
25,046
4,189
1,447
452
7,261
2,334
367|
|||||||130,001|
|||||||466|
|||||||466|
## **4 Transactions with related parties**
Alan Vance served as a church leader and was paid £25,000 [2019: £25,000] respectively for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document.
Lydia Vance, spouse of trustee Alan Vance, received a salary of £10,000 [2019: £10,000] in her role as Administrator.
Page 7
## **NEW CREATION CHURCH LONDON**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 30 SEPTEMBER 2020**
## **5 Movement of funds**
|**vement of funds**
General funds
Restricted funds
Metro Children
Kingdom Builders
Special collections
Total funds|Balance at
30Sep2019
£
48,380
48,380
-
-
97
97
48,477|Receipts
£
92,491
92,491
157
6,740
-
6,897
99,387|Payments
£
(85,037)
(85,037)
(455)
-
-
(455)
(85,492)|Transfers
£
(1,582)
(1,582)
1,679
-
(97)
1,582
-|Balance at
30Sep2020
£
54,251|
|---|---|---|---|---|---|
||||||54,251|
||||||1,381
6,740
-|
||||||8,121|
|||||||
||||||62,372|
The Metro Children fund relates to donations given for the children's ministry of the church. The Kingdom Builders fund relates to donations given for the purpose of funding specific community events to alleviate child poverty. The Special Collections relates to one-off collections for appeals. The £97 transfer relates to where the funds had been spent from general funds in the previous year.
Page 8
## **Charity Registration No. 1156316**
## **NEW CREATION CHURCH LONDON**
**TRUSTEES REPORT**
**1[st] October 2019 – September 30[th] 2020**
## **NEW CREATION CHURCH LONDON**
## **1. ADMINISTRATIVE INFORMATION**
**----- Start of picture text -----**
TRUSTEES Alan Vance - Chairman
Ayodeji Bajomo
Michael McLean
George Asampong
CHARITY NUMBER 1156316
**----- End of picture text -----**
**ADMINSTRAIVE P.O. BOX** P.O. Box 382 DA7 9LP Bexleyheath **BANKERS** Barclays Bank UK PLC Beckenham Branch
## **NEW CREATION CHURCH LONDON**
## **2. REPORT**
The trustees present their report for the year ended 30 September 2020.
## **2.1. Structure, governance and management**
The Trustees who served during the year were:
Alan Vance (Chairman)
Deji Bajomo
Michael McLean
George Asampong
The Trustees are assisted in the day to day activities of the church by heads of various department who have responsibility for running their own areas.
The church is a member of the Evangelical Alliance since February 2016, member No. 238503
## **2.2. Objectives and activities:**
1. The church continued to perform its functions and main objectives from 1[st] October 2019 – 30[th] September 2020 to advance the Christian faith, and engaging with the local community through its Outreach activities and supporting those who are in need.
2. Promoting good health including the provision of counselling and support as the Trustees and Pastor from time to time may think appropriate.
The Trustees have paid due regard to guidance issued by the Charity Commission on public benefit deciding what activities the charity should undertake and in particular, the specific guidance on charities for the advancement of religion.
The charity undertakes a number of activities in order to achieve these objectives which are summarised below.
## **NEW CREATION CHURCH LONDON**
## **REPORT (continued)**
## **2.3. NCCL – Sunday Services**
Our Sunday services are currently held at Hayes Old Church School Halls, 86 Hayes Street, Hayes, Bromley BR2 7BA. However, since the first national lockdown in March 2020 due to the COVID-19 pandemic, the church has moved to conducting its Sunday services online through Zoom live meetings. The meetings are recorded and available on Podcast during week. The average attendance at the live meetings is 40 members, including the youth. In addition to the main Sunday service, midweek online prayer meetings are held online occasionally on Wednesdays.
## **2.4. Metro Kids**
Our Children’s Ministry is for children up to the age of 11. Our regular Sunday services for the kids was suspended in March 2020 due to the COVID-19 pandemic. We resumed with a Zoom online Sunday service programme for our children in October 2020 to deliver learning activities aimed at developing their creative skill as well as their emotional and spiritual well-being. Online safeguarding measures are in place and we ensure that parents are in attendance during the meetings. An average 0f 10 children attend the meetings.
## **2.5. Kingdom Builders**
On 19[th] October 2019, a fundraising dinner event was held to launch Kingdom Builders. The vision and ambition of this initiative was to raise additional monies for the church to fund specific community projects to alleviate child poverty. A total of £1,596 was raised at the event, including commitments to monthly direct debit donations. A total of £6,740 has so far been raised in donations.
## **2.6. Remembrance Service**
On 8[th] December 2019, we held the remembrance service in Jubilee Church Bromley in order to have sufficient capacity to host the guests. We hired Jubilee Church for this purpose and around 120 people attended the service.
## **NEW CREATION CHURCH LONDON**
## **REPORT (continued)**
Guests were served with High Tea after the service, and received a gift at the end of the service. The event was free of charge.
## **2.7. Christmas Show**
On 22[nd] December 2019, we held our annual Christmas Show at the Hayes Village Hall Bromley where the Church presented the ‘Joy Story’ production. The event was well attended by the local community as it was widely advertised through fliers in local cafes and shops, including posting leaflets through doors on local streets. The production was followed by a Santa’s Grotto, High Tea and a Raffle Draw event at the Old Church School Hall. The event was free of charge and was attended by about a hundred people including children in total.
## **2.8. 21 Days Prayer and Fasting**
We began the year in January 2020 with our annual 21 days of Prayer and Fasting which commenced on 13[th] January 2020 and ended on 2[nd] February 2020. This event is optional to all who wished to participate. Midweek prayer meetings were also held on Wednesdays and Fridays during this period to pray for one another, our local community and the Country.
## **2.9. Leaders and Key Workers Seminar**
On 15[th] February 2020, we held a breakfast meeting with the leaders and key workers of the Church. This was led by guest speaker Phil Pye who delivered a series of sessions during the day on scriptural topics related to leadership and service. The seminar ended with a Sunday Service where Phil Pye delivered a sermon to the Church congregation.
## **2.10. Life Groups**
Our regular life group weekly meetings resumed on the 12[th] of February 2020 for bible study, ministry teachings and prayer. This was suspended in March 2020 due to the COVID-19 pandemic and government lockdown restrictions.
## **NEW CREATION CHURCH LONDON**
## **REPORT (continued)**
## **2.11. Other Annual & Regular Activities**
The annual Rock Nations Conference for the youth and our annual Metro Kids Summer Camp were cancelled due to COVID-19 restrictions. Planned Baptism Services and our annual Easter Celebration Service, including our regular Counselling Services were also cancelled due to COVID-19 restrictions.
On Behalf of the Trustees New Creation Church London **Ayodeji Bajomo Trustee**
Date: 29 May 2021