**COMPANY REGISTRATION NUMBER 08909270** ## **HEXHAM NEW CHURCH FINANCIAL STATEMENTS** **31[ST] JULY 2024** **Charity Number 1164526** ## **HEXHAM NEW CHURCH** ## **FINANCIAL STATEMENTS** ## **YEAR ENDED 31[ST] JULY 2024** |**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|**1**4| ## **HEXHAM NEW CHURCH** ## **MEMBERS OF THE BOARD** ## **YEAR ENDED 31[ST] JULY 2024** **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 3 **HEXHAM NEW CHURCH** ## **TRUSTEES ANNUAL REPORT** ## **YEAR ENDED 31[ST] JULY 2024** 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 2024. 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-today 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. 4 ## **HEXHAM NEW CHURCH** ## **TRUSTEES ANNUAL REPORT** ## **YEAR ENDED 31[ST] JULY 2024** The principal activity of the charity, in fulfilment of these objectives, is the operation of a church in Hexham, Northumberland, under the name ‘The Point’, which meets at the Chrysalis Centre 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 with children’s activities and the opportunity to learn about Jesus Christ. The church supports Hexham Holiday Club, another Registered Charity, which provides a week of children’s activities in the summer. The church works with other churches in Hexham, in its provision of Christian youth work. The church prays regularly. ## **ACHIEVEMENTS AND PERFORMANCE** 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 prayer meeting, along with a monthly event for Middle School children. During the year we took part in Hexham Holiday Club and had many outdoor activities, including at Christmas and Easter. Overall, it was a successful year for the Point, and we look forward to next year with confidence. ## **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. ## **INVESTMENT AND RESERVE POLICY** As a new church, operating from rented premises, the charity does not have significant regular outgoings and therefore has yet to establish a formal reserves policy. The Directors will be exploring a policy to aim to keep 3-6 months of running costs in reserve ## **RELATED PARTIES** The Directors consider that they, as Trustees, are the only related parties. 5 HEXHAM NEW CHURCH TRUSTEES ANNUAL REPORT YEAR ENDED 31ST JULY 2024 FUTURE PLANS The church looks forward to future work in bringing the Good News of Jesus Christ to Hexham and tts surroundings. We hope to retum to the school at some point when appropriate, but we may also continue our online presence. Approved by ordw of the Board of Trustees on: Icv w ?oZ Syned by order of the Tru Rev DavKI Director Flavell ## **HEXHAM NEW CHURCH** ## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF HEXHAM NEW CHURCH** ## **YEAR ENDED 31[ST] JULY 2024** ## **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 2024. ## **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: - . accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or - . the accounts do not accord with those records; or - . 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 - . 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 7 ## **HEXHAM NEW CHURCH** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **(Incorporating an income and expenditure account)** ## **YEAR ENDED 31[ST] JULY 2024** |||**Total Funds**|Total Funds| |---|---|---|---| |||**2024**|2023| ||**Note**|**£**|£| |**INCOMING RESOURCES**|||| |Incoming resources from charitable activities|**3**|**35,856**|37,278| |||-----------------------------------------------------|-----------------------------------------------------| |**TOTAL INCOMING RESOURCES**||**35,856**|37,278| |||-----------------------------------------------------|-----------------------------------------------------| |**RESOURCES EXPENDED**|||| |Charitable activities|**4**|**(37,664)**|(42,950)| |Governance|**5**|**(613)**|(554)| |||-----------------------------------------------------|-----------------------------------------------------| |**TOTAL RESOURCES EXPENDED**||**(38,277)**|(43,504)| |||-----------------------------------------------------|-----------------------------------------------------| |**NET INCOMING/(OUTGOING) RESOURCES**||**(2,421)**|(6,226)| |**RECONCILIATION OF FUNDS**|||| |Total funds brought forward||**30,550**|36,776| |||-----------------------------------------------------|-----------------------------------------------------| |**TOTAL FUNDS CARRIED FORWARD**||**28,129**|30,550| |||=================================================|=================================================| All of the above amounts relate to continuing activities. **The notes on pages 10 to 12 form part of these financial statements.** 8 ## **HEXHAM NEW CHURCH** ## **BALANCE SHEET** ## **31[ST] JULY 2024** |||**2024**||2023| |---|---|---|---|---| ||**Note**|
**£**|**£**|£| |**FIXED ASSETS**||||| |Tangible Assets|**6**|**153**||215| |**CURRENT ASSETS**||||| |Debtors|**7**|**250**||**250**| |Cash at bank||**27,726**||30,085| |||-----------------------------------------------------------------||-------------------------------------------- ----------| |||**27,976**||30,335| |**CREDITORS: Amounts falling due within one**||||| |**year**|**8**|**-**||**-**| |||------------------------------------------------------------------||-----------------------------------------------------| |**NET CURRENT ASSETS/(LIABILITIES)**||**27,976**||30,335| |||----------------------------------------------------------||-----------------------------------------------------| |**TOTAL NET ASSETS/(LIABILITIES)**||**28,129**||30,550| |||======================================||=================================================| |**FUNDS**||||| |Minister Support Fund|**9**|-||**-**| |General Fund|**10**|**28,129**||30,550| |||----------------------------------------------------------||----------------------------------------------------| |**TOTAL FUNDS**||**28,129**||30,550| |||======================================||=================================================| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (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 8th March 2025 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.** 9 ## **HEXHAM NEW CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **YEAR ENDED 31[ST] JULY 2024** ## **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. ## **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. 10 ## **HEXHAM NEW CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **YEAR ENDED 31[ST] JULY 2024** ## **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 CHARITABLE ACTIVITIES** ||**Restricted**|**Unrestricted**|**Total Funds**|Total Funds| |---|---|---|---|---| ||**Funds**|**Funds**|**2024**|2023| ||**£**|**£**|**£**|£| |Voluntary income (including grants)|-|**35,856**|**35,856**|37,278| ||-----------------------------------------------------|-----------------------------------------------------|-----------------------------------------------------|-----------------------------------------------------| ||**-**|**35,856**|**35,856**|37,278| ||=================================================|=================================================|=================================================|=================================================| **-** ## **4. CHARITABLE ACTIVITIES** |**CHARITABLE ACTIVITIES**|**CHARITABLE ACTIVITIES**|||| |---|---|---|---|---| |**Restricted**||**Unrestricted**|**Total Funds**|Total Funds| |**Funds**||**Funds**|**2024**|2023| |**£**||**£**|**£**|£| |Employee costs, including NI and pension|**-**|**33,037**|**33,037**|34,551| |Rental costs|**-**|**2,400**|**2,400**|1,774| |Entertaining and hospitality|**-**|**93**|**93**|28| |Children’s work|**-**|**764**|**764**|364| |Advertising and website|**-**|**234**|**234**|234| |Insurance|**-**|**189**|**189**|170| |Gifts and donations|**-**|**194**|**194**|4,190| |Travelling expenses|**-**|**147**|**147**|201| |Other church expenses|**-**|**544**|**544**|1,349| |Depreciation|**-**|**62**|**62**|89| |--------------------------------------------------------||-----------------------------------------------------|-----------------------------------------------------|------------------------------------------------------| ||**-**|**37,664**|**37,664**|42,950| |=================================================||=================================================|=================================================|=================================================| ## **5. GOVERNANCE COSTS** |**GOVERNANCE COSTS**||||| |---|---|---|---|---| ||**Restricted**|**Unrestricted**|**Total Funds**|Total Funds| ||**Funds**|**Funds**|**2024**|2023| ||**£**|**£**|**£**|£| |Professional fees|**-**|**540**|**540**|480| |Companies House fee|**-**|**13**|**13**|13| |Bank charges|**-**|**60**|**60**|61| ||-----------------------------------------------------|-----------------------------------------------------|-----------------------------------------------------|-----------------------------------------------------| ||**-**|**613**|**613**|554| ||=================================================|=================================================|=================================================|=================================================| 11 ## **HEXHAM NEW CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **YEAR ENDED 31[ST] JULY 2024** ## **6. TANGIBLE FIXED ASSETS** |||||**Equipment**|**Equipment**|**Computer**|**Computer**||**Total**| |---|---|---|---|---|---|---|---|---|---| |||||||**Equipment**|||| ||||||**£**||**£**||£| ||**Cost**||||||||| ||As at 1stAugust 2023||||1,271||851||2,122| ||Additions||||-||-||-| ||||||-----------------------------------------------------|-----------------------------------------------------||-----------------------------------------------------|| ||At 31stJuly 2024||||1,271||851||22,122| ||||||=================================================|=================================================||=================================================|| ||**Depreciation**||||||||| ||As at 1stAugust 2023||||1,162||745||1,907| ||Charge for the year||||27||35||62| ||||||-----------------------------------------------------|-----------------------------------------------------||-----------------------------------------------------|| ||At 31stJuly 2024||||**1,189**||**780**||**1,969**| ||||||=================================================|=================================================||=================================================|| ||At 31stJuly 2024||||**82**||**71**||**153**| ||||||=================================================|=================================================||=================================================|| ||At 31stJuly 2023||||109||106||215| ||||||=================================================|=================================================||=================================================|| |**7.**|**DEBTORS**||||||||| |||||||**2024**||2023|| |||||||**£**||£|| ||Other debtors|||||**250**||250|| ||||||-----------------------------------------------------||--------------------------------------------------------||| |||||||**250**||250|| ||||||=================================================||=================================================||| |**8.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE**||||**YEAR**||||| |||||||**2024**||2023|| |||||||**£**||£|| ||Trade creditors|||||**-**||-|| ||||||--------------------------------------------------------||---------------------------------------------------------||| |||||||**-**||-|| ||||||=================================================||==================================================||| |**9.**|**RESTRICTED INCOME**|**FUNDS**|||||||| |||||**Net incoming /**|||||| |||**Balance at**||**(outgoing)**|**Balance at**||||| |||**1st August**|**2023**|**resources**|**31st July 2024**||||| ||||**£**|**£**||**£**|||| ||General Funds||-|**-**||**-**|||| |||=================================================||=================================================|=================================================||||| |**10. **|**UNRESTRICTED INCOME FUNDS**||||||||| |||||**Net incoming /**|||||| |||**Balance at**||**(outgoing)**|**Balance at**||||| |||**1st August**|**2023**|**resources**|**31st July 2024**||||| ||||**£**|**£**||**£**|||| ||General Funds|**30,550**||**(2,421)**|**28,129**||||| |||=================================================||=================================================|=================================================||||| 12 **HEXHAM NEW CHURCH** ## **MANAGEMENT INFORMATION** ## **YEAR ENDED 31[st] JULY 2024** **The following page does not form part of the statutory financial statements** . 13 ## **HEXHAM NEW CHURCH** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES** ## **YEAR ENDED 31[ST] JULY 2024** |**YEAR ENDED 31**|**ST JULY 2024**|| |---|---|---| ||**2024**|2023| ||**£**|£| |**INCOMING RESOURCES**||| |**FROM CHARITABLE**||| |**ACTIVITIES**||| |Donations for general church purposes|**34,253**|35,400| |Donations to support a youth worker|**1,603**|1,878| ||-----------------------------------------------------|-----------------------------------------------------| ||**35,856**|37,278| ||------------------------------------------------------|---------------------------------------------------| |**TOTAL INCOMING RESOURCES**|**35,856**|37,278| ||=================================================|=================================================| |**RESOURCES EXPENDED**||| |**CHARITABLE ACTIVITIES**||| |Employee costs, including NI and pension|**33,037**|34,551| |Rental costs|**2,400**|1,774| |Entertaining and hospitality|**93**|28| |Children’s work|**764**|364| |Advertising and website|**234**|234| |Insurance|**189**|170| |Gifts and donations|**194**|4,190| |Travelling expenses|**147**|201| |Other church expenses|**544**|1,349| |Depreciation|**62**|89| ||------------------------------------------------------|-----------------------------------------------------| ||**37,664**|42,950| ||-----------------------------------------------------|-----------------------------------------------------| |**GOVERNANCE COSTS**||| |Professional fees|**540**|480| |Companies House fee|**13**|13| |Bank charges|**60**|61| ||-----------------------------------------------------|-----------------------------------------------------| ||**613**|554| ||-----------------------------------------------------|-----------------------------------------------------| ||-----------------------------------------------------|-----------------------------------------------------| |**TOTAL RESOURCES EXPENDED**|**38,277**|43,504| ||=================================================|================================================| 14