COMPANY REGISTRATION NUMBER 08909270
HEXHAM NEW CHURCH FINANCIAL STATEMENTS 31[ST] JULY 2021
Charity Number 1164526
HEXHAM NEW CHURCH
FINANCIAL STATEMENTS
YEAR ENDED 31[ST] JULY 2021
| CONTENTS | PAGE |
|---|---|
| Members of the Board and professional advisers | 3 |
| Trustees Annual Report | 4 |
| Independent Examiner��report | 7 |
| Statement of Financial Activities | 8 |
| Balance sheet | 9 |
| Notes to the financial statements | 10 |
| The following pages do not form part of the financial | statements |
| Detailed statement of financial activities | 14 |
HEXHAM NEW CHURCH
MEMBERS OF THE BOARD
YEAR ENDED 31[ST] JULY 2021 Registered charity name Hexham New Church Working name The Point Charity number 1164526 Company registration number 08909270 Registered office Wellfield Acomb Hexham Northumberland NE46 4RD Trustees Rev D E Flavell G M Brooks M Carter L M Vigars Dr A J Collier Independent Examiner Curlew Accounting Ltd Eastburn South Park Hexham Northumberland NE46 1BS
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HEXHAM NEW CHURCH
TRUSTEES ANNUAL REPORT
YEAR ENDED 31[ST] JULY 2021
The Trustees, who are also Directors of the Charity for the purposes of the Companies Act 2006, present the Financial Statements of the Charity for the year ended 31[st] July 2021.
The Trustees have adopted the provisions of 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[st] January 2015).
REFERENCE AND ADMINISTRATIVE DETAILS
Reference and administrative details are shown in the schedule of members of the board and professional advisers on page 3 of the financial statements.
THE TRUSTEES
The Trustees who served the charity during the period were as follows:
Rev D E Flavell G M Brooks M Carter L M Vigars Dr A J Collier
The Trustees named above and on page 3 are trustees for the purposes of charity law and directors for the purpose of company law.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The organisation is a charitable company limited by guarantee, incorporated on 24th February 2014.
The management of the charitable company is the responsibility of the Trustees. The day to day running of the charity is carried out by the Trustees and those who attend the church. Trustees are recruited from the membership of the church.
RISK MANAGEMENT
The Trustees have assessed the major risks to which the charitable company is exposed, in particular to those related to the operations and finances of the company, and are satisfied ��������������������������������������������������������������������������������������������� These procedures have been reviewed and modified to ensure they continue to meet the needs of the charity.
OBJECTIVES AND ACTIVITIES
The objects of the church are, as stated on the Articles of the Company, to advance the Christian faith in accordance with the basis of faith in such ways and in such parts of the United Kingdom or the world as the Trustees from time to time may think fit for the benefit of the public.
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HEXHAM NEW CHURCH
TRUSTEES ANNUAL REPORT
YEAR ENDED 31[ST] JULY 2021
The principal activity of the charity, in fulfillment of these objectives, is the operation of a church in Hexham, Northumberland �������������������������������������������������������� ��������������������������������������������������������������������������������������� become disciples of Jesus Christ.
PUBLIC BENEFIT
The church is here for the advancement of the Christian Religion, and most Sundays, there �������������������������������������������������������������������������������������������� learn about Jesus Christ. We have not been able to meet at the school all year, but we have managed to meet outside occasionally when the lockdown conditions have permitted it.
The church supports Hexham Holiday Club, another Registered Charity, which provides a ������������������������������������������������������������������������������������������ Church, another Registered Charity, in its provision of Christian youth work. The church prays regularly.
ACHIEVEMENTS AND PERFORMANCE
This year at 'The Point', we are still working with the problems of the Pandemic.
We have created a hybrid model with a morning service online, and an afternoon service in the Open Air during the warmer months. We have continued with Tuesday morning Bible Study, a monthly prayer meeting and ad hoc teaching sessions, particularly with resources from the Bible Society.
During the summer we took part in the hybrid Hexham Holiday Club.
Considering the circumstances, we have responded to the Pandemic in the best way we can, and have stayed true to our purpose despite the difficulties.
.
FINANCIAL REVIEW
The Trustees are pleased with the financial performance in the year and consider the church to be on a sound financial footing.
VOLUNTEERS
Like most churches, many of the people of the church have been actively involved in the day to day running of the services and other activities of the church.
The Trustees are very grateful for all of the support that has been given without which it would have been impossible to operate the charity.
The members of the church have also encouraged the Trustees by their prayers and by offering advice on many aspects of the running of the church.
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IHllik HEXHAM NEW CHURCH TRUSTEES ANNUAL REPORT ST YEAR ENDED 31 JULY 2021 INVESTMENT AND RESERVE POLICY As a new church. operating from rented premises. the charity does not have significant regular outgoings And therefore has yel lo establish a formal reserves policy. The Directors consider that the surplus, which is held within a bank account with HSBC Bank, is sufflclenl to cover the future needs of the charfty. Given the modest value of the re88rvgs held by the charity, the Directors hava not established an Investment pollcy, as the charity does not have any funds for investm8nl at present. RELATED PARTIES The Directors conslder that they. as Trustees, are the only related parties. FUTURE PLANS The church looks forward lo future work in bringing the Good News of J8sus Christ to Hexh8m and ils surroundings. We hope lo relum lo the school al some polnt when appropriate, but we may also continue our online prosen¢e. Approved by order of the Board of Trustees on.. 21 st April 2022 Signed by order of the Trustees Rev David E Director
HEXHAM NEW CHURCH
����������������������� REPORT TO THE TRUSTEES OF HEXHAM NEW CHURCH
YEAR ENDED 31[ST] JULY 2021
Independent Examiner's report to the trustees of Hexham New Church ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31[st] July 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the 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 matters have come to my attention in connection with the examination giving me cause to believe:
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. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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. the accounts do not accord with those records; or
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. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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
Paul Barron, FMAAT ICPA (Fellow)
Certified Practising Accountant
Curlew Accounting Ltd Eastburn, South Park Hexham, Northumberland NE46 1BS
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HEXHAM NEW CHURCH
STATEMENT OF FINANCIAL ACTIVITIES
(Incorporating an income and expenditure account)
YEAR ENDED 31[ST] JULY 2021
| Total Funds | Total Funds | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Note | £ | £ | |
| INCOMING RESOURCES | |||
| Incoming resources from charitable activities | 3 | 41,563 | 50,468 |
| ----------------------------------------------------- | ----------------------------------------------------- | ||
| TOTAL INCOMING RESOURCES | 41,563 | 50,468 | |
| ----------------------------------------------------- | ----------------------------------------------------- | ||
| RESOURCES EXPENDED | |||
| Charitable activities | 4 | (30,725) | (37,213) |
| Governance | 5 | (493) | (589) |
| ----------------------------------------------------- | ----------------------------------------------------- | ||
| TOTAL RESOURCES EXPENDED | (31,218) | (37,802) | |
| ----------------------------------------------------- | ----------------------------------------------------- | ||
| NET INCOMING/(OUTGOING) RESOURCES | 10,345 | 12,666 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 30,616 | 17,950 | |
| ----------------------------------------------------- | ----------------------------------------------------- | ||
| TOTAL FUNDS CARRIED FORWARD | 40,961 | 30,616 | |
| ================================================= | ================================================= |
All of the above amounts relate to continuing activities.
The notes on pages 10 to 12 form part of these financial statements.
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HEXHAM NEW CHURCH
BALANCE SHEET
31[ST] JULY 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| Note | £ |
£ | £ | |
| FIXED ASSETS | ||||
| Tangible Assets | 6 | 431 | 321 | |
| CURRENT ASSETS | ||||
| Debtors | 7 | 6,969 | - | |
| Cash at bank | 33,561 | 30,295 | ||
| ----------------------------------------------------------------- | -------------------------------------------- ---------- | |||
| 40,530 | 30,295 | |||
| CREDITORS: Amounts falling due within one | ||||
| year | 8 | - | - | |
| ------------------------------------------------------------------ | ----------------------------------------------------- | |||
| NET CURRENT ASSETS/(LIABILITIES) | 40,530 | 30,295 | ||
| ---------------------------------------------------------- | ----------------------------------------------------- | |||
| TOTAL NET ASSETS/(LIABILITIES) | 40,961 | 30,616 | ||
| ====================================== | ================================================= | |||
| FUNDS | ||||
| Minister Support Fund | 9 | - | - | |
| General Fund | 10 | 40,961 | 30,616 | |
| ---------------------------------------------------------- | ---------------------------------------------------- | |||
| TOTAL FUNDS | 40,961 | 30,616 | ||
| ====================================== | ================================================= |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charitable small companies.
The financial statements were approved by the Board of Trustees on _______ and were 21st April 2022 signed on its behalf by:
G M Brooks Director
M Carter Director
The notes on pages 10 to 12 form part of these financial statements.
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HEXHAM NEW CHURCH
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31[ST] JULY 2021
1. STATUTORY INFORMATION
Hexham New Church ������������������������������������������������������������������������� number and registered office address can be found on the charity information page.
2. ACCOUNTING POLICIES
Basis of accounting
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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[st] January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
There were no material departures from that standard.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Turnover reflects voluntary donations received from UK donors. In the period, income of £1,783 was received in the form of donations for the benefit of Tara, a church worker and these donations were passed on to her in accordance with the restriction applied to their use.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is calculated to write off the cost of tangible fixed assets over their estimated useful lives:
Equipment 25% reducing balance basis Computer Equipment 33.3% reducing balance basis
Pension costs
Contributions to a defined contribution pension scheme are charged to the profit and loss account in the year to which they relate.
Taxation
The charity is exempt from corporation tax, as Hexham New Church is a charity registered with the Charities Commission and all of the activities of the organisation are considered by the Directors to be charitable.
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HEXHAM NEW CHURCH
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31[ST] JULY 2021
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
3. INCOMING RESOURCES FROM TRADING ACTIVITIES
| Restricted | Unrestricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Funds | Funds | 2021 | 2020 | ||
| £ | £ | £ | £ | ||
| Voluntary income (including grants) | 1,783 | 39,780 | 41,563 | 50,468 | |
| ----------------------------------------------------- | ----------------------------------------------------- | ----------------------------------------------------- | ----------------------------------------------------- | ||
| 1,783 | 39,780 | 41,563 | 50,468 | ||
| ================================================= | ================================================= | ================================================= | ================================================= | ||
| 4. | COMING RESOURCES FROM CHS |
4. CHARITABLE ACTIVITIES
| 4. | CHARITABLE ACTIVITIES | CHARITABLE ACTIVITIES | |||
|---|---|---|---|---|---|
| Restricted | Unrestricted | Total Funds | Total Funds | ||
| Funds | Funds | 2021 | 2020 | ||
| £ | £ | £ | £ | ||
| Employee costs, including NI and pension | - | 28,951 | 28,951 | 28,477 | |
| Manse rent, rates and costs | - | - | - | (1,681) | |
| Priory rental | - | - | - | 4,810 | |
| Entertaining and hospitality | - | - | - | 492 | |
| Children�s work | - | 364 | 364 | 61 | |
| Advertising and website | - | 239 | 239 | 541 | |
| Insurance | - | 187 | 187 | 185 | |
| Charitable donations | - | - | - | 3,000 | |
| Travelling expenses | - | 229 | 229 | 440 | |
| Other church expenses | - | 572 | 572 | 770 | |
| Depreciation | - | 183 | 183 | 118 | |
| -------------------------------------------------------- | ----------------------------------------------------- | ----------------------------------------------------- | ------------------------------------------------------ | ||
| - | 30,725 | 30,725 | 37,213 | ||
| ================================================= | ================================================= | ================================================= | ================================================= | ||
| 5. | GOVERNANCE COSTS | ||||
| Restricted | Unrestricted | Total Funds | Total Funds | ||
| Funds | Funds | 2021 | 2020 | ||
| £ | £ | £ | £ | ||
| Professional fees | - | 480 | 480 | 576 | |
| Companies House fee | - | 13 | 13 | 13 | |
| ----------------------------------------------------- | ----------------------------------------------------- | ----------------------------------------------------- | ----------------------------------------------------- | ||
| - | 493 | 493 | 589 | ||
| ================================================= | ================================================= | ================================================= | ================================================= |
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HEXHAM NEW CHURCH
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31[ST] JULY 2021
6. TANGIBLE FIXED ASSETS
| Equipment | Equipment | Computer | Computer | Total | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Equipment | ||||||||||
| £ | £ | £ | ||||||||
| Cost | ||||||||||
| As at 1stAugust 2020 | 1,271 | 558 | 1,829 | |||||||
| Additions | - | 293 | 293 | |||||||
| ----------------------------------------------------- | ----------------------------------------------------- | ----------------------------------------------------- | ||||||||
| At 31stJuly 2021 | 1,271 | 851 | 22,122 | |||||||
| ================================================= | ================================================= | ================================================= | ||||||||
| Depreciation | ||||||||||
| As at 1stAugust 2020 | 1,014 | 494 | 1,508 | |||||||
| Charge for the year | 64 | 119 | 183 | |||||||
| ----------------------------------------------------- | ----------------------------------------------------- | ----------------------------------------------------- | ||||||||
| At 31stJuly 2021 | 1,078 | 613 | 1,691 | |||||||
| ================================================= | ================================================= | ================================================= | ||||||||
| At 31stJuly 2021 | 193 | 238 | 431 | |||||||
| ================================================= | ================================================= | ================================================= | ||||||||
| At 31stJuly 2020 | 257 | 64 | 321 | |||||||
| ================================================= | ================================================= | ================================================= | ||||||||
| 7. | DEBTORS | |||||||||
| 2021 | 2020 | |||||||||
| £ | £ | |||||||||
| Other debtors | 6,969 | - | ||||||||
| ----------------------------------------------------- | -------------------------------------------------------- | |||||||||
| 6,969 | - | |||||||||
| ================================================= | ================================================= | |||||||||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | ||||||||
| 2021 | 2020 | |||||||||
| £ | £ | |||||||||
| Trade creditors | - | - | ||||||||
| -------------------------------------------------------- | --------------------------------------------------------- | |||||||||
| - | - | |||||||||
| ================================================= | ================================================== | |||||||||
| 9. | RESTRICTED INCOME | FUNDS | ||||||||
| Net incoming / | ||||||||||
| Balance at 1st August 2020 |
(outgoing) resources |
Balance at 31st July 2021 |
||||||||
| £ | £ | £ | ||||||||
| General Funds | - | - | - | |||||||
| ================================================= | ================================================= | ================================================= | ||||||||
| **10. ** | UNRESTRICTED INCOME FUNDS | |||||||||
| Net incoming / | ||||||||||
| Balance at 1st August 2020 |
(outgoing) resources |
Balance at 31st July 2021 |
||||||||
| £ | £ | £ | ||||||||
| General Funds | 30,616 | 10,345 | 40,961 | |||||||
| ================================================= | ================================================= | ================================================= |
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HEXHAM NEW CHURCH
MANAGEMENT INFORMATION
YEAR ENDED 31[st] JULY 2021
The following page does not form part of the statutory financial statements .
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HEXHAM NEW CHURCH
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31[ST] JULY 2021
| YEAR ENDED 31 | T JULY 2021 | |
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| INCOMING RESOURCES | ||
| FROM CHARITABLE | ||
| ACTIVITIES | ||
| Donations for general church purposes | 39,780 | 47,468 |
| Donations to support a youth worker | 1,783 | 3,000 |
| ----------------------------------------------------- | ----------------------------------------------------- | |
| 41,563 | 50,468 | |
| ------------------------ ------------------------------ | --------------------------------------------------- | |
| TOTAL INCOMING RESOURCES | 41,563 | 50,468 |
| ================================================= | ================================================= | |
| RESOURCES EXPENDED | ||
| CHARITABLE ACTIVITIES | ||
| Employee costs, including NI and pension | 28,951 | 28,477 |
| Manse rent, rates and costs | - | (1,681) |
| Priory rental | - | 4,810 |
| Entertaining and hospitality | - | 492 |
| Children�s work | 364 | 61 |
| Advertising and website | 239 | 541 |
| Insurance | 187 | 185 |
| Charitable donations | - | 3,000 |
| Travelling expenses | 229 | 440 |
| Other church expenses | 572 | 770 |
| Depreciation | 183 | 118 |
| -------------------------------------------- ---------- | ----------------------------------------------------- | |
| 30,725 | 37,213 | |
| ----------------------------------------------------- | ----------------------------------------------------- | |
| GOVERNANCE COSTS | ||
| Professional fees | 480 | 576 |
| Companies House fee | 13 | 13 |
| ----------------------------------------------------- | ----------------------------------------------------- | |
| 493 | 589 | |
| ----------------------------------------------------- | ----------------------------------------------------- | |
| ----------------------------------------------------- | ----------------------------------------------------- | |
| TOTAL RESOURCES EXPENDED | 31,218 | 37,802 |
| ================================================= | ================================================ |
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