NEWHAM DEANEY CIO (A Charitable Incorporated Organisation) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Charity Registration Number: 1167754 Company Number.. CE007584 NEWHAM DEANERY CIO REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER2022 Contents Page Reference and administrative infornation Tnjstees, ￿port Independent Examiners report Statement of financial activities Balance sheet Notes to the financial statements NEWHAM DEANERY CIO REFERENCE & ADMINISTRATIVE INFORMATION YEAR ENDED 31 DECEMBER 2022 Trustees Rev Peter Ngugi Ichaimianl Ilona Pelraskiene John Johnson Christine Helen Bowden Centre Manager Sammy ￿londO Bankers National Westminster Bank PIC 15 Mary Rose Mall Beckton E6 5ZZ Independent Examiner D&Silva and Associates 14 Farm Close Essex RM10 9TX Sollcltors Birketts Briedy Place New London Road Chelmsford CM2 OAP Registered Office Sl Marks Church & Cornmunity Centre 218 Tollgate Road London E6 5YA NEWHAM DEANERY CIO TRUSTEES, REPORT YEAR ENDED 31 DECEMBER 2022 The Iruslees, who are also directors for the purposes of company law, present the annual report and financial slalements of the organisalion for the year ended 31 December 2022 thich have been prepared in accordance with the Slalemenl of Recommended Practice- Aocounling and Reporting by Charities (revised 20191 and the Companies Act 2006. OBJECTIVES AND ACTIVITIES The objects oflhe CIO is to develop the use of Church and Communty buildings held by parishes in the Deanery af Newham for the benefit ol the wider Newham community and advancing the mission and ministry of the Church ol England in the Newham area. These objects are achieved through the provision of community centre services and engagement with the wider communty of Newham. Newham Deanery CIO manages St Mark's Church and Community Centre folbwing an agreement with The Chelmsford Diwesan Board of Finance. This enables the CIO lo spend its income on Se￿ice provision lo ils beneficiaries. ACHIEVEMENTS AND PERFORMANCE Newham Deanery CIO makes a positive contribution in the communities in providing space where these communthes can carry their social activities effectively. The CIO always aims lo provide semces that are competitive and comparable with other cornmunity charities in the area. STRUCTURE GOVERNANCE AND MANAGEMENT Newham Deanery CIO is a Foundational CIO with a registered charity (number 11677541 and a company (number CE0075841. The goveming document of the charity is the constitution adopted on regislralK>n on 21st June 2016. There are be￿een 3 and 9 Iruslees at any one lime. The Area Dean acts as an ex Officio member. One of Iruslees is nominated by The Bishop of Barking. Trustees are appDlnted through invitation and recommendation, which includes an interview with the Chair and at least one other Trustee tefore they are confirtlled by the Board. There is an induction proce￿ lor new tNstees, which includes an induction p￿k, introductory sessions wth the Centre Manager and visits lo the centre. The Iruslees meet al least 6 limes a year and are updated on significant regulatory and sector developments. The day to day management of the charity is delegated to the Centre Manager who consuhs regularly with the Chaimian and reports lo the trustees al e￿h of their rneelings. FINANCIAL REVIEW The nel income for the year is £2,60112021'. £16,188). Newham Deanery CIO reviews ts finances on a regular basis, in the current year, income increased by 5.8°/0. NEWHAM DEANERY CIO TRUSTEES, REPORT Icontlnuedl YEAR ENDED 31 DECEMBER 2022 ReseNe Policy Reserves are required in the eventof possibleemergencies and in orderlo ensure unexFecled contingencies are adequately funded. 11 is the ￿lIcY of the CIO is to relain sufficient funds al a level enough ID cover regular operational costs and the remainder of the reserve is expended on the objectives of the charity or retained for future plans. Al 31 December 2022 the CIO held lolal funds of £35,35712021 £32,756) which is represented as unreslricled Fund. Other than bank deposits the CIO does not hold investments. PUBLIC BENEFIT STATEMENT The Iruslees confimi that they have complied with the duty in Section 17 of The Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission in detemiining the aclivits'es undertaken by the charity. Delivery of public benefit is achieved through direct provision of services through the CIO'S work in providing cornmunity building ￿llItieS to various individuals and groups in Newham. NEWHAM DEANERY CIO TRUSTEES, REPORT Icontinuedl YEAR ENDED 31 DECEMBER 2022 STATEMENT OF TRUSTEES, RESPONSIBIUTIES The Iwstees (who are aLsothe dirEttor5 olthe Newham Deanery CIO forthe purpose5 of¢ompany lawl are responsible for preparing the Trustees, ReFK)rt and the fir￿G￿lI staternents in xcord8r￿ vnth apPI￿able jaw and Un¢ted lfjngdom Accounbng Standards (United Kingdom Generdty A￿pIed Acwmlry.Pr&ticel. Company law requires the tr(tslees to prepartfift￿l stat￿￿nts fin￿￿ Year￿ti￿h gNe a true and far view of the stsle of affairs of ￿ chaiitable COm￿Y and of Ihe Incr￿1￿ resources and aPpI￿￿n of resources, irtluding the income and exFenditure, olts charitthcompany that In preparirvJ Ih8se 5tstements the trustees are required to.. Select suitable ￿counti[¥j O￿leS aThJ then apply them congstenty. Obsetve the rr￿th￿l$ and princip￿ in the Ch*tses SORP.. Make judgements and eslirnate5 that are reasonat4e aTrJ State whether apPI￿able UK Accounling slaw￿dS have 1*8n fi￿￿*d, suw lo w material departures disclosed and explained in the financial sl*ments,' Prepare the financial sl*rnents on Ihewirgconcem b&Un￿li15 inappropriateto presumethallhe ch*bl8 company continue in busi The Iruslees are respx)nsible for keeF4ng WOFer ay)￿nI}Nj r￿ordS Ihal dith ￿aSOnable ￿￿racY al any time of the financial posilDn of the charitable company and enable lo eftSU￿ that the finawal statements ¢omply wth the Companies Act 2006. Tlware also ￿[￿nsIts￿ for safeguarding the assets ofthe charitabk company and herKe fortakiry reasonable steps for the prevenlfon aThJ dthtion of fraud arKI t)Iher iryuLwrb8s. In so lar as we are awa￿.. There is no r*vant audrt lnfcffi)￿ of whKh the d￿rItable CoMp￿S atyjitor ts uftaw￿e', and The Iruslees have tsken all steps that tsy ought to have taken to mae thefflse￿ awa￿ of tplevanl audit iftlofmatton and toes1th￿tE that Ihe awe ol IlHtirrlofflia(m. In p￿pallng the Trustees Report. the Trustees, t*n ajv￿1￿Je ofts exemptrji a¥￿able to small companrds aThJ have not prepared a stratfrJi¢ reporL Approved by the Board aTrJ svJned on their tehafon 17 lox Rev Peter Ngugl Ghairnwè INDEPENDEltr EXAMVIER'S REPC￿T0THETRvsTEEs C* NF￿HA￿ DEANERY CIO I reportto Ihe truskes on myex2rrdnalon of Ihe wxJ)untsof Newham Deanery CIO Ilhe Chantyl forthe Jear ended 31 Dec8nknr2022. Re$pon$ibl1 ities and basi5 of r•port The trustees ofthe organisation are respon%ble brthe p￿Para￿on of Ihe ac£ounts in a(XJ)r(Ian￿ wlh th8 requirements of the Charities Act 2011 {￿e Act). They (￿nSiderth8Ian audit is noltequired frjrlhis year under secoon 144121 of Ihe Chartoas Act 2011 and thatan Independent Exanynation is ne8d&J. I reportln respectofrrty exa￿￿natiOn ofthe than￿$ ats)JJntund¢rsethon 145 of Ihe 2011 Idand in ca￿￿ng out my examination I havefollowed all the applic¥ble Di￿(10AS given bythe ChaiTtycO￿llIi5&0n undef sedion 14515llbl ofthe ACL Independont oxamknerfs statement I have completed my examination. I conffrnihat no nrdterial matters he￿ oJn* b) myalknion in ￿nnecti0Th with the examinats'on giving cause b believe Ihal in any material aspeLt acuunbng teo)rdsw8re not keptin TesF£dof the Ch￿lty as required by s8clon130 oflh8 Ador lh8 a¢0￿ntsdO nolawrd th058 re￿)rds. lh8 accountsdo not￿¥￿￿1Y￿1h applirable requirnmènts o)nceming Ihe brnand o)ntenl ofthe a¢￿Unts setoul in the Charities IAo)Junts Reports} Regulations 2008 otherthan any wuiremènlthatlhe afxounts glve a true and fail ￿ewwhIch is Ml a rrQtsrtt￿SdOred as partof an Independ￿texaMInats'On. I have no ￿ntsm8 and have comÈa(¥oss no olher in Djnneclon Y4ith the ex8rr#nation io whi¢* attentK￿ should bè drawn in this report in orderb enable pn)per understartding of Ihe ar￿￿nts to be reathed. EILEEN DA4LVA Da4ifva and Associates 14 FaTm Close Essex RMIO 9TX 28 October2023 ## **NEWHAM DEANERY CIO** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **YEAR ENDED 31 DECEMBER 2022** |||**Unrestricted**|**Unrestricted**| |---|---|---|---| |||**Funds**|**Funds**| |||**Total**|**Total**| |||**2022**|**2021**| |||**£**|**£**| |**Income**|**Notes**||| |**Income from donations and legacies**||**1,629**|75| |**Income from charitable activities**|||| |Grant||**13,045**|3,976| |Rents and facility hire||**201,444**|189,106| |**Other income**|3|**10,193**|20,696| |**Total income**||**226,311**|213,853| |**Expenditure**|||| |**Expenditure on charitable activities**|||| |Community Buildings||**(223,710)**|(197,665)| |**Total expenditure**|4|**(223,710)**|(197,665)| |**Net income**||**2,601**|16,188| |Fund balances as at 1 January 2022||**32,756**|16,568| |||**---------------------**|**--------------------------**| |**FUND BALANCES AT 31 DECEMBER**|**2022**|**35,357**|32,756| |||**=========**|==========| The accompanying notes form an integral part of these financial statements. All activities are continuing and there are no recognised gains and losses other than as shown above. 6 NFNHAM DEANERYCIO Company No: CE007584 BALANCE SHE AT 31 DECEMBER2022 2022 2021 FIXED ASSETS Tangibk8 assets 1,784 CURREKf ASSETS Stock Dèbto Cash al bank aThJ in h 38,661 39,700 21.427 69.686 79,209 91,961 CREDITORS.. amounts lalllng due within one year 145,6361 {59,2051 NET CURRENT ASSErs 32.756 NET ASSETS 35,357 32,756 Funds: Unrestrthd Fund 11 35,357 32,756 TOTAL NET ASSETS AT 31 DECEMBER 2022 12 35.357 32,756 The financial statsments aFwved on teh&lloflte P4Hd ofTru5Èes t 1 Oc*eber )oa3 e£JJ Pe*tr fvIAq21 Trustee The xGompanyin9 notss fc*m an integRI moftse state￿nts. **NEWHAM DEANERY CIO** **FOR THE YEAR ENDED 31 DECEMBER 2022** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **1. ACCOUNTING POLICIES** The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: ## **Accounting Basis** The financial statements have been prepared in accordance with 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 January 2018) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Newham Deanery CIO meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). These financial statements have been drawn up in the historical accounting basis. The accounts are prepared in pounds sterling, rounded to the nearest pound. ## **Preparation of accounts on a going concern basis** The trustees consider there are no material uncertainties about the Charity’s ability to continue as a going concern. The review of our financial position, reserves levels and future plans gives Trustees confidence the charity remains a going concern for the foreseeable future. ## **Critical accounting judgements and estimates** In preparing these financial statements, management has made judgements, estimates and assumptions that affect the application of the charities accounting policies and the reported assets, liabilities, income and expenditure and the disclosures made in the financial statements. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. ## **Income recognition** Income from rents and facility hire and café receipts are accounted for when receivable. Grants are accounted for when the charity becomes entitled to the funding and donations are accounted for when received. ## **Expenditure** All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that category. Governance costs are the costs associated with the governance arrangements relating to the general running of the charity, including costs of strategic planning for the longer term development of the CIO. Irrecoverable VAT is charged as a cost in the statement of financial activity. 8 **NEWHAM DEANERY CIO** **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2022** ## **Fixed Assets** Assets are depreciated, in equal annual instalments, over their economic lives at the following rates: Electronic equipment 25% ## **Financial instruments** The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measured at their settlement value. ## **Cash at bank and in hand** Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **Debtors** Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **Creditors and provisions** Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. ## **Foreign currency translation** The charities functional and presentation currency is pound sterling. Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are recognised in the Statement of Financial Activities. ## **Pension scheme** of the scheme are held independently from those of Newham Deanery CIO in an independently administered fund. The pensions costs charged in the financial statements represent the contributions payable during the year. ## **Fund accounting** Funds held by the charity are unrestricted funds. These are general funds which can be used in accordance with the charitable objects at the discretion of the trustees. 9 **NEWHAM DEANERY CIO** **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2022** ## **1. ACCOUNTING POLICIES (Continued)** ## **Taxation** The activities of the CIO, being a charity are exempt from income tax and corporation tax. The CIO is not registered for Value Added Tax. Expenditure in these financial statements is therefore shown inclusive of Value Added Tax suffered. ## **2. LEGAL STATUS** Newham Deanery CIO is a Charitable Incorporated Organisation, limited by guarantee and has no share capital. The members have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities in the event of a winding up. ## **3. OTHER INCOME** ||||**2022**|**2021**| |---|---|---|---|---| ||||**£**|**£**| ||HMRC CJRS||116|20,696| ||Insurance Claim||9,632|-| ||Credit balance adjustment||445|-| ||||------------------|------------| ||||**10,193**|20,696| ||||========|========| |**4.**|**EXPENDITURE**|||| |||**Staff**|**Support**|**Total**| |||**Costs**|**Costs**|**2021**| |||**£**|**£**|**£**| |**a)**|**Analysis of total expenditure**|||| ||**Charitable activities**|||| ||**Unrestricted funds**|||| ||Community buildings|86,005|137,705|223,710| |||------------------|-------------------|-----------------------| ||**Total expenditure 2022**|**86,005**|**137,705**|**223,710**| |||=========|=========|===========| ||**Total expenditure 2021**|106,662|91,003|197,665| |||=========|=========|===========| |**b)**|**Analysis of support costs**|**Admin**|**Property**|**Travel**|**Finance **|**Depreciation**|**Governance**|**Total**| |---|---|---|---|---|---|---|---|---| |||**Costs**|**Costs**|**Costs**|**Costs**|||| |||**£**|**£**|**£**|**£**|**£**|**£**|**£**| ||**Charitable activities**|||||||| ||**Unrestricted funds**|||||||| ||Community buildings|12,763|62,983|-|50,706|605|10,648|137,705| |||------------------|--------------------|-----------------|-------------------|----------------------|--------------------|----------------| ||**Total support costs 2022**|**12,763**|**62,983**|**-**|**50,706**|**605**|**10,648**|**137,705**| |||========|=========|========|========|========|=======|=======| ||**Total support costs 20201**|10,344|29,501|-|21,070|116|29,972|91,003| |||========|=========|========|========|========|=======|=======| 10 **NEWHAM DEANERY CIO** ## **TRUSTEES’ REPORT (continued)** ## **YEAR ENDED 31 DECEMBER 2022** ## **FINANCIAL STATEMENTS (continued)** |**4.**|**EXPENDITURE (continued)**|**2022**|**2021**| |---|---|---|---| |||**£**|**£**| |**c)**|**Analysis of governance costs**||| ||Legal and professional fees|**7,498**|26,972| ||Independent Examiners fees|**3,150**|3,000| |||**--------------------**|--------------------| |||**10,648**|29,972| |||**========**|========| |**5.**|**NET INCOME**|**2022**|**2021**| |||**£**|**£**| ||Net income is stated after charging:||| ||Depreciation|**605**|116| ||Independent Examiners fee|**3,150**|3,000| |||**=======**|=========| |
**6.**|
**STAFF EMPLOYMENT**|
**2022**|**2021**| |||**£**|**£**| ||Salaries and wages|**79,121**|94,846| ||Social security costs|**785**|636| ||Pension costs|**1,904**|2,182| ||Other cost|**4,195**|8,998| |||----------------------|----------------------| ||Total Staff Costs|**86,005**|106,662| |||**=========**|===========| No employee received employee benefits (excluding employer pension cost) exceeding £60,000 (2021: Nil). The average monthly number of employees during the year was made up as follows: |||**2022**|**2021**|| |---|---|---|---|---| ||**Part Time**|**Full Time**|**Part Time**|**Full Time**| |Community work|**5**|
**-**|6|-| |Central Administration|**-**|**1**|-|1| ||**-------**|**-------**|-------|-------| ||**5**|**1**|6|1| ||**===**|**===**|===|===| |Full time equivalents|||**2022**|**2021**| |The number of full time equivalent posts is|||**3.5**|3.9| ||||**=======**|======| 11 **NEWHAM DEANERY CIO** ## **NOTES TO THE FINANCIAL STATEMENTS (continued)** ## **YEAR ENDED 31 DECEMBER 2022** |**7.**|**TANGIBLE FIXED ASSETS**||**Office**| |---|---|---|---| ||||**Equipment**| ||||**£**| ||**Cost or valuation**||| ||At 1January 2022||465| ||Additions||2,389| ||||-------------------------| ||At 31December 2022||**2,854**| ||||-------------------------| ||**Depreciation**||| ||At 1 January 2022||465| ||Charge for year||605| ||||-------------------------| ||At 31 December 2022||**1,070**| ||||-------------------------| ||**Net Book Value**||| ||At 31 December 2022||**1,784**| ||||=============| ||At 31 December 2021||-| ||||=============| ||**All assets are used for charitable**||| ||**purposes.**||| |**8.**|**DEBTORS**|**2022**|**2021**| |||**£**|**£**| ||Rent Receivable|**38,661**|21,427| |||**-----------------------**|-----------------------| |||**38,661**|21,427| |||**=========**|==========| |**9.**|**CREDITORS: due within one year**|**2022**|**2021**| |||**£**|**£**| ||Trade creditors|**1,821**|15,497| ||Taxation and Social Security|**11,479**|11,479| ||Other creditors and accruals|**32,336**|32,229| |||**----------------------**|----------------------| |||**45,636**|59,205| |||**=========**|==========| 12 ## **NEWHAM DEANERY CIO** ## **NOTES TO THE FINANCIAL STATEMENTS (continued)** ## **YEAR ENDED 31 DECEMBER 2022** ## **10. TRUSTEES’ REMUNERATION** No director has received any remuneration or reimbursement of expenses (2021: Nil). |**11.**|**UNRESTRICTED FUNDS**|||**Movement in funds**||| |---|---|---|---|---|---|---| |||**Balance at**||||**Balance at**| |||**1 January**|**Income**|**Expenditure**|**Transfers**|**31 December**| |||**2022**||||**2022**| |||**£**|**£**|**£**|**£**|**£**| ||**General Fund**|32,756|226,311|(223,710)|-|**35,357**| |||===========|===========|=============|============|==========| ## **12. NET ASSETS BETWEEN FUNDS Current year** |**NET ASSETS BETWEEN FUNDS**
**Current year**||| |---|---|---| ||**Unrestricted**|**Unrestricted**| ||**Fund**|**Fund**| ||**2022**|**2021**| ||**£**|**£**| |Fixed Assets|**1,784**|-| |Current Assets|**79,209**|91,961| |Current Liabilities|**(45,636)**|(59,205)| ||**-------------------**|------------------------| |**Net Funds**|**35,357**|32,756| ||**=========**|==========| ## **13. RELATED PARTY TRANSACTIONS** There were no related party transactions with individuals or trustees during the year (2021: Nil). 13