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2022-07-31-accounts

COMPANY REGISTRATION NUMBER 08909270

HEXHAM NEW CHURCH FINANCIAL STATEMENTS 31[ST] JULY 2022

Charity Number 1164526

HEXHAM NEW CHURCH

FINANCIAL STATEMENTS

YEAR ENDED 31[ST] JULY 2022

CONTENTS PAGE
Members of the Board and professional advisers 3
Trustees Annual Report 4
Independent Examiner’sreport 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 2022 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 2022

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 2022.

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 that systems are in place to mitigate the charity’s exposure to the major risks identified. 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 2022

The principal activity of the charity, in fulfillment of these objectives, is the operation of a church in Hexham, Northumberland, under the name ‘The Point’, which meets at the Priory School in Hexham. The vision of ‘The Point’ is to be a place where people of all ages become disciples of Jesus Christ.

PUBLIC BENEFIT

The church is here for the advancement of the Christian Religion, and most Sundays, there are services of Christian worship in rented locations in Hexham with children's activities and the opportunity to learn about Jesus Christ. We have not been able to return to our original premises at the school, but we have managed to meet outside some Sundays, particularly during the summer.

The church supports Hexham Holiday Club, another Registered Charity, which provides a week of children’s activities in the summer. The church supports Hexham Trinity Methodist Church, another Registered Charity, in its provision of Christian youth work. The church prays regularly

ACHIEVEMENTS AND PERFORMANCE

This year at 'The Point', we came out of the Pandemic and started meeting together again.

As we were no longer able to use Hexham Priory School as a venue, we began using the Scout Hut and then the Chrysalis Centre. Whilst we have found it difficult to provide regular meals in these venues, we have been able to run services to appeal to both children and adults. We have continued with Tuesday morning Bible Study and a monthly online prayer meeting.

During the summer we took part in Hexham Holiday Club and had many outdoor activities, including an ice cream van and a bouncy castle.

Under the circumstances, we have managed to start rebuilding the church again, from its limited pandemic existence.

.

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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HEXHAM NEW CHURCH TRUSTEES ANNUAL REPORT SY YEAR ENDED 31 JULY 2022 INVESTMENT AND RESERVE POLICY As a new church. operatsng from rented premises, the charity does not have significant regular outgoings and therefore has yel lo establish a fo￿81 reserves policy. The Directors consider that the surplus, which is held within a bank account with HSBC Bank. is sufficient to cover the future needs ol the charity. Given the modest value of the reserves held by the charity. the Oirectors have not established an investment policy, as the charity does nol have any funds for investment at present. RELATED PARTIES The Directors consider that they. as Trustees. are the only related partses. FUTURE PLANS The church looks forward to future work in bringing the Good News of Jesus Christ lo Hexham and ils surroundings. We hope to relum to the sch(x)l al some point when appropriate, but we may also continue our online presence. Approved by Order of the Board of Truslees on.. Signed by order of the Trustees David E Fl Director

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HEXHAM NEW CHURCH

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF HEXHAM NEW CHURCH

YEAR ENDED 31[ST] JULY 2022

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 2022.

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:

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 2022

Total Funds Total Funds
2022 2021
Note £ £
INCOMING RESOURCES
Incoming resources from charitable activities 3 33,872 41,563
----------------------------------------------------- -----------------------------------------------------
TOTAL INCOMING RESOURCES 33,872 41,563
----------------------------------------------------- -----------------------------------------------------
RESOURCES EXPENDED
Charitable activities 4 (37,529) (30,725)
Governance 5 (528) (493)
----------------------------------------------------- -----------------------------------------------------
TOTAL RESOURCES EXPENDED (38,057) (31,218)
----------------------------------------------------- -----------------------------------------------------
NET (OUTGOING)/INCOMING RESOURCES (4,185) 10,345
RECONCILIATION OF FUNDS
Total funds brought forward 40,961 30,616
----------------------------------------------------- -----------------------------------------------------
TOTAL FUNDS CARRIED FORWARD 36,776 40,961
================================================= =================================================

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 2022

2022 2021
Note
£		 £ £
FIXED ASSETS
Tangible Assets 6 304 431
CURRENT ASSETS
Debtors 7 - 6,969
Cash at bank 36,472 33,561
----------------------------------------------------------------- -------------------------------------------- ----------
36,472 40,530
CREDITORS: Amounts falling due within one
year 8 - -
------------------------------------------------------------------ -----------------------------------------------------
NET CURRENT ASSETS/(LIABILITIES) 36,472 40,530
---------------------------------------------------------- -----------------------------------------------------
TOTAL NET ASSETS/(LIABILITIES) 36,776 40,961
====================================== =================================================
FUNDS
Minister Support Fund 9 - -
General Fund 10 36,776 40,961
---------------------------------------------------------- ----------------------------------------------------
TOTAL FUNDS 36,776 40,961
====================================== =================================================

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

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 22/03/23 signed on its behalf by:

G M Brooks M Carter Director 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 2022

1. STATUTORY INFORMATION

Hexham New Church is a charity, registered in England and Wales. The Charity’s registered 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 2022

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 2022 2021
£ £ £ £
Voluntary income (including grants) 1,890 31,982 33,872 41,563
----------------------------------------------------- ----------------------------------------------------- ----------------------------------------------------- -----------------------------------------------------
1,890 31,982 33,872 41,563
================================================= ================================================= ================================================= =================================================
4. COMING RESOURCES FROM CHS

4. CHARITABLE ACTIVITIES

CHARITABLE ACTIVITIES
Restricted Unrestricted Total Funds Total Funds
Funds Funds 2022 2021
£ £ £ £
Employee costs, including NI and pension - 28,930 28,930 28,951
Rental costs - 777 777 -
Entertaining and hospitality - 261 261 -
Children’s work - 1,044 1,044 364
Advertising and website - 261 261 239
Insurance - 189 189 187
Charitable donations 1,890 3,212 5,102 -
Travelling expenses - 211 211 229
Other church expenses - 627 627 572
Depreciation - 127 127 183
-------------------------------------------------------- ----------------------------------------------------- ----------------------------------------------------- ------------------------ ------------------------------
1,890 35,639 37,529 30,725
================================================= ================================================= ================================================= =================================================
GOVERNANCE COSTS
Restricted Unrestricted Total Funds Total Funds
Funds Funds 2022 2021
£ £ £ £
Professional fees - 480 480 480
Companies House fee - 13 13 13
Bank charges - 35 35 -
----------------------------------------------------- ----------------------------------------------------- ----------------------------------------------------- -----------------------------------------------------
- 528 528 493
================================================= ================================================= ================================================= =================================================

5. GOVERNANCE COSTS

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HEXHAM NEW CHURCH

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31[ST] JULY 2022

6. TANGIBLE FIXED ASSETS

Equipment Equipment Computer Computer Total
Equipment
£ £ £
Cost
As at 1stAugust 2021 1,271 851 2,122
Additions - - -
----------------------------------------------------- ----------------------------------------------------- -----------------------------------------------------
At 31stJuly 2022 1,271 851 22,122
================================================= ================================================= =================================================
Depreciation
As at 1stAugust 2021 1,078 613 1,691
Charge for the year 48 79 127
----------------------------------------------------- ----------------------------------------------------- -----------------------------------------------------
At 31stJuly 2022 1,126 692 1,818
================================================= ================================================= =================================================
At 31stJuly 2022 145 159 304
================================================= ================================================= =================================================
At 31stJuly 2021 193 238 431
================================================= ================================================= =================================================
7. DEBTORS
2022 2021
£ £
Other debtors - -
----------------------------------------------------- --------------------------------------------------------
- -
================================================= =================================================
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade creditors - -
-------------------------------------------------------- ---------------------------------------------------------
- -
================================================= ==================================================
9. RESTRICTED INCOME FUNDS
Net incoming /
Balance at
1st August 2021		 (outgoing)
resources		 Balance at
31st July 2022
£ £ £
General Funds - - -
================================================= ================================================= =================================================
**10. ** UNRESTRICTED INCOME FUNDS
Net incoming /
Balance at
1st August 2021		 (outgoing)
resources		 Balance at
31st July 2022
£ £ £
General Funds 40.961 (4,185) 36,776
================================================= ================================================= =================================================

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HEXHAM NEW CHURCH

MANAGEMENT INFORMATION

YEAR ENDED 31[st] JULY 2022

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 2022

YEAR ENDED 31 T JULY 2022
2022 2021
£ £
INCOMING RESOURCES
FROM CHARITABLE
ACTIVITIES
Donations for general church purposes 31,982 39,780
Donations to support a youth worker 1,890 1,783
----------------------------------------------------- -----------------------------------------------------
33,872 41,563
------------------------ ------------------------------ ---------------------------------------------------
TOTAL INCOMING RESOURCES 33,872 41,563
================================================= =================================================
RESOURCES EXPENDED
CHARITABLE ACTIVITIES
Employee costs, including NI and pension 28,930 28,951
Rental costs 777 -
Entertaining and hospitality 261 -
Children’s work 1,044 364
Advertising and website 261 239
Insurance 189 187
Charitable donations 5,102 -
Travelling expenses 211 229
Other church expenses 627 572
Depreciation 127 183
-------------------------------------------- ---------- -----------------------------------------------------
37,529 30,725
----------------------------------------------------- -----------------------------------------------------
GOVERNANCE COSTS
Professional fees 480 480
Companies House fee 13 13
Bank charges 35 -
----------------------------------------------------- -----------------------------------------------------
528 493
----------------------------------------------------- -----------------------------------------------------
----------------------------------------------------- -----------------------------------------------------
TOTAL RESOURCES EXPENDED 38,057 31,218
================================================= ================================================

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