NEWHAM DEANEY CIO (A Charitsble Incorporated Organisation) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Charity Registralion Number: 1167754 Company Number: CE007584 NEWHAM DEANERY CIO REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 Contents Reference athinistralNe infoThation TNstses' report Independent Examiners re￿rt ststèmenl of ffinanaal activili8S Balance sheet Notes to the ￿nanCIal statements NEWHAM DEAt4ERY CIO REFERENCE & ADMIPISTRATNE INFORMATION YEAR ENDED 31 DECEMBER 2023 Trustees Rev Peter Ngugi Ilona Pelrasknene John Johnson Christine Hden Bowden Centre Manager Lynn IQTty Bankers Nalional Weslminster Bank Pk East Ham Branch 37 High Street E61HS Independent Examlner Da-silva and Associates 14 Fam) Close Essex RM10 9TX Solicitors Birketts Brierfy Hace New London Road Chelmsford CM2 OAP Reglstered Offlce St Marks ChJTch & Comrnunity C8ntr8 218 Tollgate Road London E6 5YA NEWHAM DEANERY CIO TRUSTEES, REPORT YEAR EM)ED 31 DECEMBER 2023 The trustees. who are a150 directors for the pU￿oseS ol company law, present the annual report and financial State￿nts of the organisation for the year ended 310ecember 2023 which have been p￿pared in accordance wth the Statement ol Recommendwj Practice- Accounting and ReportiNJ by Charities (revised 20191 and the Companies Act 2C(J6. STrUCTURE GOVERNANCE AND MANAGEMENT Newham Deanery CIO is a FOundat￿nal CIO with a regislefed charity (number11677541 and a cornpany (number CE(K)75841. The governing document of Ihe Charity is the constilub'on adopted C￿ registration on 21st June 2016. There are befv￿n 3 and 9 Iruslees al any one t'me. trustees are appointed through invitation and reccffimendaiKin. includes an interview wlh the Chair and al least one other Trustee b8for8 they are confi￿ed by the Board. There is an induction pro￿5 for new trustees, which indud85 an induction pack, introductcry sessions wth the c￿tre Manager and visits lo the centre. The Iruslees meet al least 8 times a year and are updatsd on signfficant regulatory and sector developments. The day lo day management of the charity 18 delegated lo the Centre Manager who consults regularfy wlh the Chainnan and reports to the Iruslees al each of th￿r meetings. OBJECTIVES AND ACTMTIES The objects otlhe CIO is to devekjp the use of Churth and Ccffirnunity buildings hetd by pari5h8s in Ihe D8anery of N8wham for the b8nefil of th8 wKI8r Newham community and adVar￿ing ihe mission minw oflhe Church of England in the Newham arèa. These 0￿.eCts are achieved Ihrough the provision of communty centre 8eNces and engagement wth the wder communty of Nevtham. Nevtharn Deanery CIO manages Sl Mark's Church ar￿ Community Centre Idbving an agreement with The Chdnth Dicwan Board of Finance. This enables Ihe CIO lo spend its income on Sery1￿ prowsion to ts beneficiaries. ACHIEVEMENTS AND PERFORMANCE Nevtharn D8angry CIO rnakes a ￿lI1ve contribution in Ihe cornmUn￿o5 in providing space where these communibes can carry their socia activilies effectively. The CIO always aims to provKle semces thal a￿ ¢ompets'lNe and comparatle with other cornmunrty chaiiti'es in the area. FINANCIAL REVIEW The nel expenditure for the year is £14,38412022.' £2,601 nel inccffiel. Newharn Deanery CIO reliews its fmarw on a regular ba%s, in the currentyear, income increased by16.8% and exFendilure also increased by 24.6%. A loan of£103K was recelved Sn the prbr yoar from Cheknsford Diocesan Board of Flnance ICDBFI. NEYIHAM DEANERYCIO TRUSTEES, REFVRT Iconllnuodl YEAR ENDED 31 DECEMBER 2023 Reserve Policy Reserves are required in th9 evenlol possible emerggnaes and in ordeTto en5ur8 unexpected conlingenci8s are adequately fijnded. 11 Ss Ihe pollcy of the CIO is to Tèlain suffidenl funds al a level enough to Cover regular operalbnal costs and the remaind8r of the reserve is expended on the objeclNes of the charity or retailled for lulure plans. At 31 D￿rnbel 2023 the CIO held totsl lunds of£81,694 deficit12022- £67.310 defficill is represenled as unreslricted Fund. other Ihan bank deposits the CIO does not hold inveslmenls. PUBLIC BENEFIT STATEMENT Th8 trustees confimi that they have COm￿led with the duty in Section 17 of The Charities Act 2011 to have due regard to the public beneffil guidan￿ pU￿lShed by the Charity Commis&cffi in determining the aclivities undertaken by the charity- Delivery of public beneff( is achieved through direct provigon of servtce5 through the CIO'S work in prowding communty building facilllles lo various individuals aThJ groups in Nevhlam. NEWHAM DEANERY CIO TRUSTEES, REPORT l¢ontinu¢d) YEAR E￿)ED 31 DECEMBER 2023 STATEMENT OF TRUSTEES, RESPONSIBIUTIES The trustees Iwho are aL8olhe dSrectors ofthe Newham DeaneryCIOforthe purposes ofo)mpany lawl are reswnsitrAe forpreparing the Truslees, Report and the financial stslemenls In accordance with applicable law and United lQngdom Accounting Standards (United Kingdom Generalty Accepted Accounting Practi￿1. Company ￿ requires the trustees to prepare finanrial ststements foreach ffinancial yearwhith giv8 a true and fair view of th8 State of affairs of the charitable company and ol the incorning resources and application of resources, including the incorne and xpendilure, of the charitable company lor that F4riod. In preparing these finan￿al statements the trustees are required to: Select sulta￿e accounting polKies and then apply them consislenlly; Obsetve the rnelhods and Prir￿1pleS in the Charities SORP., Make judgemenls and estimates that are reasonable and Frfudenl., Stalè whether appli(*ble UK Accounting standards have been followed. subject to any material depariures di%dosed and explain￿ in the financial statements., Prepare the financial statements on the going (y)ncem basis unless Il is inappropriate to Fiesume that the charitab mpany will Continue in ￿sinesS The Iruslees are reSponsi￿e forkeeping properacwjnting re￿rdS Ihatdisclose with reasonable araxacy al any tim8ollh8 ffinancial po&lion of the charitable cornpany and enab￿ them lo ensure that the finanoal statements cornply with th8 Companie5 Act 2006. They are also responsible for safeguarding the assets of Ihe thartta￿e Company and hence for taking reasonabk steps for the prevention aThJ detection of fraud and other irregularilK9S. In 50 far as we aro awar8.' There is no relevant audit infomwtijn of which the charitable companvs auditor is unaware,. and The Iruslees have taken all steps that they 0￿ht10 have taken lo rnak8 Ihe￿efves aware ofany relevant audit Info￿atiOn and to establish that Ihe a￿lItOr is aware of Ihat infom7ation. In preparing the Trustses Repjrt, the Tw51ees' ￿4Ve taken advantage ol thè exempb'on available to small cornpanies and have nol prepa￿d a stralegk report. Approved by the Board and signed on their behatr. Signalure: Namg: Truste• Dat•.. IOXLF **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF NEWHAM DEANERY CIO** I report to the trustees on my examination of the accounts of Newham Deanery CIO (the Charity) for the year ended 31 December 2023. ## **Responsibilities and basis of report** The trustees of the organisation are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 201 1 ('the Act). They consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 and that an Independent Examination is needed. I report in respect of my examination of the charity’s account 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 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 aspect: - accounting records were not kept in respect of the Charity as required by section 130 of the Act or - the accounts do not accord with those records; or - the accounts do not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts md Reports) Regulations 2008 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. 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 proper understanding of the accounts to be reached. **Eileen Da-Silva FCCA Da-Silva and Associates 14 Farm Close Essex RM10 9TX** **Date: 28[th] November 2024** 5 NEYIHAM DEANERY CIO STATEMENT OF FINANCIALACllVITIES YEAR ENDED 31 DECEMBER2023 Unre$tTicI Funds Total 2023 Unr•slrictsd Fund$ T¢)tal 2022 In¢om• Incom• from donations and kgacies 10 1,629 Income from charltable a￿￿tIeS Grant Rents and facilty hire 13,045 201,444 262,199 Incom• from investment 201 Other In¢ome 1.964 10,193 Total incomg 26L374 226,311 Expendliure Expendiiure on charitable actiwties Community Buildiry45 1278.7581 1223,7101 Total •xp8ndltu (278.7581 1223,710} Net Income 114,3841 2,601 Fund balanw as at l January 2023 {67,310} 169,9111 FUND BALANCES AT 31 DECEMBER 2023 181,694} 167,3101 The accornpanying notes fo￿ an integral part of th8se ffinancial statem8nts. ￿1 activit￿S are continuiThJ and there are no recognised gains and losses other than as shown above. NEV1H￿ DEANERYCIO C(#npry No: CE007584 BALANCE SHEEr AT 31 DECEMBER 2Q23 2023 2022 Notss FIXED ASSErs Tangit4e assèts 1,071 1.784 CURRENT ASSErs D8blors Cash at bank and in haThJ 21,826 38,661 39.700 82,178 79,2CIJ CREDrroRS: amounts falllng due wlthln on• y•ar 162,876) 145,636} NEf CURREpifA8SEr8 19,302 33,573 CREDJTORS: amounts falllng duo mor• than one y￿r 10 1102,6ffj 1102,6671 NEf ASSETS (81,691) 167,3101 Funds: Unrestiicted Fund 12 <81,694 167,3101 TOTAL NET ASSETS AT 31 DECEMBER 2023 13 {81,694} 167,3101 The fmancial slatements ￿re approvgj on be￿￿ofthe Board of Twste8s by: Slgnaturn: Nam•: Trusts• 2s/ii/aos4 accompanying notss fom an intsgral part of th8se finanaal statements. NEWHAM DEANERY CIQ NOTES TO THE FINANCiAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES The pnn￿Pa1 account'ng ￿￿eS adopted, judgernents and key sources ol estimatton uncertainty In the preparation of the financial statements are as follows.. Ac¢ountlng Ba51s The financial statements have been prepar￿j Sn ac￿rdanCe wth Accountiry and Reporting by Charities.. Stslerr*nt of Recommended Pfacb'ce applicable to Charit￿$ preparing their a(￿(mJnts in acc(xdance with the Financial RepK)rbng Standard applicable in the UK and Republic ol Ireland IFRS 1021 leffedive 1 January 20181- (Charities SORP IFRS 10211. the Financhql Reporting Slandard appli(able in the UK and Republic of Ireland IFRS 1021 aThJ the Companies Act 2(JJ6. Newham OeaneryCIO meets the definit¥)n of a public ￿nefiIentity uTrJer FRS102. Assets and liabilil'8s are iniltaiy recognised al historical cost or transaction value unless otherwise staled in the relevant accounting policy nolelsl. These financi statements have been dravm in the historical accwnting basis. Thè aCc￿nts are prepared in pounds Sterfing, rounded lo the nea￿$t rA)und. Prèparatlon of accounts on a golng ¢onc8m bas18 The Iruslees eonsKler there are no material uncertainties ab(￿lthe Charity's ability lo continue as a going concem. The review of our financial positton, ￿$efft$ levels and fvlure plans gives Twsteeg c£Jnffidence the challty remains a going (oncem for Ihe foreseeable fvture. Crftlcal accountlngjudgements and estlmates In preparing these financial statements, managem8nl has rnade juO3emgnts, eslirnales arHJ assurnptions that affect Ihe application of the charities acwunting polioe5 and the reported assets, fiatmlibes, income and expenditure and the dtsdosures rnade in Ihe )Inanaal stslements. Estmates andjudgements a￿ continually evaluated and are based on historical eXper￿n and other factors, including expectations of future events that are bdieved lo be reasonable under the arcumstances. Incomè r•cognitK)n Ineome from rents and faculty hlre café receipts are accounted for when receivable. Grants are &counted for vthen Ihe charity becomes entilled to the lunding and donalk)ns are acc￿nted lorthen received. Exp•ndlturo AJI expenditure is a[xWnl￿ foron an accruals basis and has been dassI￿d under headings that a9Jr8gale all costs Tdatsd to that calegrjy. Govemance costs are the costs associated vnth the g0Veman￿ arrangements relalng to the general njnnlng of the charity, including costs of strategic planning for the longer term d8veloprnenl of the CIO. Irrerx)verdble VAT is charged as a cost in the statement of financial actiwty. NEYIHAM DEANERY CIO NQTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Fixed Assots A￿ts are depreualed. in equal annu￿ instalments. over th￿r econornic INes at Ihe follobMrrfJ rates: Electronic 8quipm8nl 25% Flnanclal In￿ruments The charity only has financial assets and finawal IkqbililBs ol a kind that qualfy as basic fin￿(￿81 instruments. Basi¢ ffinanaal instruments, I￿luding trade and otherdebtors and cre(litors a￿ initialty recogniseil al tra￿actiOn value and subs8quenlly measured al their setllemenl value. Cash at bank and in hand Cash al bank and cash in hand I￿UdeS cash and sh)rt lern highty liquid investments with a Short matsjrity of three months or loss tho date of acquisilm or opening of the deposit orsimilar account. Debtors Trade and other deblors are recognised at the settlement arnounl. Prepayments are valued al the amount prepaid net of any trade discounts due. Credltors and provlslon$ Creditors and prowsK)ns aTe recognised where the charity has a present obligation ￿suIbng from a past event that will probably result in the transfer of fvnds to a third party and the amount due to setue the obligation can be measured or estimated reliably. Forèign currency trdnslation The tharities functK)nal and presentation currency is Found steding. Mc￿etary assets and liabilibes denominated in fO￿￿n urrenaesare tran51at8d into 5terfing atlh8 rale5 of exchang8 ruling al Ih8 balance sheeldale. Transactions in foreign CUfTenci8S are recorded althe rale ruling allhe dale of the trdn5action. Al differenTrs are recognised in the Slatementof Financial Activities. Penslon scheme Newham Deanery CIO operdles a defined contribution pensKJn scheme for the benefit of tts employees. The assets of the scherne are hekl independentty from those of Nevtham Deanery CIO in an independentjy administered fiJnd. The Fensions costs charged in the financ4al $lalernents repiesent t￿ c￿trIbutionS payable during the year. Fund accountlng Funds held by the charity are unrestrict8d fijnds. These are general fuThJs whith can ie useil in accLYdan¢e vilh the charitable objects al Ihe discreb'on of the trustees. NEWHAM DEANERY CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 20223 1. ACCOUNTING POLICIES IContinuod} Taxatlon The activitses of Ihe CIO. ￿r￿j a charity are exernptfrom incorne tax and corp(xation lax. The CIO is not registered forvalue Added Tax. Exp￿di￿re in these financral statsm8nls is therefore shown indusive of Vaue Added Tax suffered. LEGAL STATLIS Newham Deanery CIO is a Charilable Incorpjraled Organisation, limiled by guarantee and has no share ￿pital. The memters have no liabllity lo conlribute lo its assets and no persond responsibilty for sething its debts and liabil￿e5 in the event of a vAndiTYJ UP. OThER INCOME 2023 2022 HMRC CJRS 116 9,632 445 Insurance Claim Credit balance adjustrnenusundrtes 1,964 1,964 10,193 In¢om& from Inv¢$lm¢nt Bank Interest 201 EXPENDITURE Staff Costs Support Costs Total Analysls of total expenditure Charltable actlvltles Unrestricted funds Cornmunity Buildings 86.574 192,184 278,758 Total expendlture 2023 86,574 192,184 278.758 T•)tal èxpènditure 2022 86.005 137.705 223,710 b) Analyth ofsupport costs Admin Costs Property Travel Fil￿¢0 D8prgclatlon Governan Costs Costs C4$15 Total Charltabk actfvhks Unreslricled fvnd5 Communty BuildTr)gg 12,594 126,536 47,446 662 192,184 Total support ¢osts 2023 12,594 126,536 47,446 192,184 Total support ¢08ts 2022 12,763 62.983 50,706 605 10,648 137,705 10 NEIYHAM DEANERY CIO TRUSTEES. REPORT Icontlnu•dl YEAR ENDED 31 DECEMBER 2023 NANCW STATEMENTS (¢onUn￿dI EXPENDITURE Icontlnuedl 2023 2022 cl Anatysls of govemance costs Legal and Prol&ssional fees IndeFendenl E¥2miners fees 1,796 3,150 7,498 3.1X) 10.648 NET INCOME 2023 2022 Net ints)mè is stated after d)arglng: Deprecialion Independent Exaffllners fee 662 3,150 3,150 6. STAFF E￿LoYmENT 2023 2022 Salaries and Wages Social Security Costs Pension Costs Other Costs 84,786 79.121 785 1,904 4,195 1,788 Total Staff Costs 86.574 86,005 No enyloyee ￿Ned enTJloyee beneffts lexdudiro emF4)yer pension cost} ex¢eediNJ £fJ),C4)012022.' Nill. Thg average monlhty numbeT of ernpk)y88s during Ihe year was made up as Idbws: 2023 Full Tlme 2022 Part Tlme Part Tlme Full Tlme Communty Work Central Administration Full tirn8 equiva18nts 20fJ Th9 nu￿bar olfull time 8quiv7Jenl posts is 3.5 NEWHAM DEANERY CIO NOTES TO THE HNANCIAL STATEMENTS l¢ontifiLwdl YEAR ENDED 31 DECEMBER 2023 TANGIBLE FIXED ASSETS Office Equlpment Cost or valuation Al1January 2023 Additions 2,854 549 AI 31Decemter 2023 3,403 Depreciation Al1 January 2023 Charge for year 1,070 662 Al 31 D8cemb8r 2023 1,732 N•t Book Valu• Al 31 De￿mber 2023 1,671 Al 31 D8cember 2022 1,784 All assets are u59d for charitab purpos￿. DEBTORS 2023 2022 Rent Receivable 21,826 38,661 21,826 38,661 CREDITORS: due wtthln one year 2023 2022 Trade CreditOTS Taxation and Swial Secuiity Other Credito[5 and Accnjals 19,209 11.479 32,188 1.821 11,479 32,336 62,876 45,636 12 NEWHAM DEANERY CIO NOTES TO THE FINANCiAL STATEMENTS Icontinuod) YEAR ENDED 31 DECEMBER 20ZJ 10. CREDrroRS: due morè than one year 2023 2022 Loan 102,667 102,667 11. TRUSTEES. REMUNEIIATION No director has receNed any rernuneT8tion or reimbursement of exFenses12022: Nil). 12. UNRESTRICTED FUNDS Movoment in funds Balance at 1 January 2023 Balan￿ at 31 December 2023 Income Expendlture Transfer Gengrdl Fund Prior year adjustrnont 35,357 1102,6671 272,410 1286,7941 20,973 1102,66n 167,3101 272,410 1286,7941 181,694) The prior year adjuslmenl is a ban PTovided by CDBF. 13. NEf ASSETS BETWEEN FUNDS Unrgstrictod Fund 2023 Unrestricted Fund 2022 Fixed Asse15 Current Assets Creditors due less than one year Creditors due more than one year 1,671 82,178 {62.8761 1102.6671 79,209 145.6361 1102,6671 Net Funds {81,6941 167,3101 I& RELATED PARTY TRANSACTIONS Thère were no related paty Iransactions wRh inijimduals or trusteès duirn9 the year12022.' Nill. 13