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← New Covenant Church Camberwell

2023-12-31-accounts

The Charity Registration Number is :- 1174979

New Covenant Church - Camberwell

Report and Accounts

31 December 2023

New Covenant Church - Camberwell

Trustees' Annual Report for the year ended 31 December 2023

The Trustees present their Report and Accounts for the year ended 31 December 2023.

Reference and administrative details

The charity name.

The legal name of the charity is:- New Covenant Church - Camberwell. The charity is also known by its operating name, New Covenant Church - Camberwell .

The charity's areas operation and UK charitable registration.

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1174979.

.

The charity does not operate in any overseas jurisdictions.

Legal structure of the charity

The charity is constituted as a Charitable Incorporated Organisation (CIO) in England & Wales. The governing document of the charity is the constitution of the CIO as approved by the Charity Commission in England & Wales (CCEW) .

There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.

The trustees are all individuals.

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New Covenant Church - Camberwell

Trustees' Annual Report for the year ended 31 December 2023

The principal operating address, telephone number, email and web addresses of the charity are:-

9 Havelock Road Dartford, , DA1 3HY The Trustees in office on the date the report was approved were:-

Mr Ayobami Popoola Mr Bolaji Aliu Mrs Hawah Sesay The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.

Objects and activities of the charity

The purposes of the charity as set out in its governing document.

The objectives of the Church are set out in the CIO document:

To advance the Christian Religion for the benefit of the public through the holding of prayer meetings, lectures, public celebration of religious festivals, producing and distributing literature on the Christian Faith to enlighten others about the Christian Religion.

The Short Term and Longer Objectives and Aims.

To prevent and relieve poverty for the public benefit by providing funds, goods, and services in such parts of the United Kingdom or the world as the Trustees may deem necessary from time to time. To advance the Christian Religion for the benefit of the public through the holding of prayer meetings, lectures, public celebration of religious festivals, producing and distributing literature on the Christian Faith to enlighten others about Christian Religion.

The charity's strategies for achieving its aims and objectives in the future.

The Charity intends to continue to look for opportunities to provide Cost of living support/relief in the community. The Charity focused on the health impact of the cost-of-living crisis running programs and events on Mental health. The charity will also look to expand mental health initiatives to children and young Adults. In 2023 we ran a training session in the community on Childhood and mental wellbeing leveraging the skills of a trained counsellor and NHS Doctor in the Church.

Significant activities

The Principal Activities of the Charity are Christian worship and involvement of various ministries and ministers of Religion in propagating the Christian Tenets of faith to members (and nonmembers) who seek to develop an understanding of the Gospel through the various meetings provided by the Church. There is an extension of the Christian Faith through other direct Community Outreach programmes.

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New Covenant Church - Camberwell

Trustees' Annual Report for the year ended 31 December 2023

The main activities undertaken during the year to further the charity's purpose for the public benefit.

The Charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number is: 1174979. The Charity also operates in Sierra Leone. The Board of Trustees are pleased to report as follows: PUBLIC BENEFIT The Advancement of Christian Faith

The Trustees of the Charity having due regard for the reporting of public benefit provided by the Charity in line with the Charities Act 2011, are pleased to report that the church has continued its involvement with community focused events and projects providing direct benefit for the public in the UK.

Places of Worship

The Charity has continued its commitment to the promotion of the Christian Faith by renting on a bi - weekly basis a place at Hall Place and Gardens - Bourne Road, Bexley, DA5 1PQ to provide the public with the ongoing opportunity to attend Church services enabling them to grow and develop in the Christian faith, teachings and Principles. The services are also made available via Zoom. Thu Hybrid model has allowed the church to extend its reach beyond just the local community. The worship activities make provision for Christian Worship Services, teaching sessions, discipleship classes and prayer meetings throughout the week.

The Church also operates weekly meetings in different local locations for our discipleship classes a practical strategy for using informal settings to advance Christianity in our communities. Evangelism

Evangelism is a core value and outreach strategy of our Church to reach out to communities. We distribute Christian Tracts in the community, speak to people in parks and public places about the Christian faith, provide light refreshments in parks as we look to engage the community to drive forward the Christian faith. We also collaborate with local churches to promote picnics and summer family fun days where food and drinks are provided, and local Mayors join us as we promote Christianity in the community.

The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity. The main activities undertaken during the year to further the charity's purpose for the public benefit.

Structure, governance and management of the charity

The methods used to recruit and appoint new charity trustees.

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity

Recruitment and appointment of new trustees

In making the appointments, the CIO's governing document is checked to ensure that the new trustees are appointed in a proper and legal way.

Preferred candidates, with the required expertise and skill set, are identified and invited to be the first charity trustees. (Subject to formal vetting and approval by the full trustee board.) Potential trustees are vetted. Checks are carried out to ascertain candidates have not been disqualified from acting as trustees, and candidates are asked to confirm in writing that this is the case.

Candidates are asked to consider and declare any existing or potential conflicts of interest. Appropriate checks from the Disclosure and Barring Service are conducted. In the light of the checks and declarations, the trustees decide to go ahead and formalise the appointment of new trustees.

Trustees meet and make a decision on the appointment of each new Trustee and the office they hold.

All new trustees are given a copy of the CIO's governing document and all relevant documents and guides from the Charity Commission. All new trustees are introduced to the church and the office they hold.

The charity's organisational structure.

Organisational structure

The board of trustees works closely with the management team and other advisers who promote the objectives of the charity. The charity also collaborates with the New Covenant Charity 1004343 where our objectives align. The board of Trustees hold meetings throughout the year and direct the pastoral team to promote the policies, strategies, programmes and projects that are geared towards achieving the charity's objectives.

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New Covenant Church - Camberwell

Trustees' Annual Report for the year ended 31 December 2023

Financial review

The charity's financial position at the end of the year ended 31 December 2023

The financial position of the charity at 31 December 2023 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Called up share capital
Share premium account
Designated Revenue Funds
Designated Fixed Asset Funds
Total Unrestricted Funds
Restricted Revenue Funds
Restricted Fixed Asset Funds
Total Restricted Funds
Total Funds
Net income
Unrestricted revaluation reserve
Restricted revaluation reserve
Unrestricted Revenue Funds available for the
general purposes of the charity		 2023
£
283,792
-
-
43,685
-
(30,806)
-
12,879
270,913
-
-
270,913
283,792		 2022
£
-
-
-
-
-
-
-
-
-
-
-
-
-

Financial review of the position at the reporting date, 31 December 2023 .

The trustees consider the financial performance by the charity during the year to have been satisfactory.

Details of The Independent Examiner

Theo Sehindemi

Member of Accountants 148 Sandy Lane South Wallington Surrey SM6 9NR

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New Covenant Church - Camberwell

Trustees' Annual Report for the year ended 31 December 2023

Statement of Trustees' Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .

In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-

recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.

This report was approved by the board of trustees on 22 July 2024.

Ayobami Popoola

Trustee

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New Covenant Church - Camberwell

Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 31 December 2023

I report to the Trustees on my examination of the financial statements of the charity on pages 12 to 20 for the year ended 31 December 2023 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 19.

Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report

As described on page 9, you, the charity's Trustees, are responsible for the preparation of the financial statements in accordance with the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.

The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the Governing Document for the conducting of an audit. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.

Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-

a) examine the financial statements of the charity under Section 145 of the Act;

b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.

Basis of Independent Examiner's Statement and scope of work undertaken

I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. 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 setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charity and of the accounting systems employed by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.

The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide

Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.

I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.

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New Covenant Church - Camberwell

Independent Examiner's Statement, Report and Opinion

Attention is drawn to the accounting policy stating that, notwithstanding the explicit requirement in the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, and in order to accord with current best practice, the Trustees have determined to prepare the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), . I concur with this approach, and any references in my report to the regulations should be read subject to this comment.

Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-

This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;

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 financial statements to be reached.

Signed:-

Theo Sehindemi - Independent Examiner

Accountants

148 Sandy Lane South

Wallington Surrey SM6 9NR

This report was signed on 22 July 2024

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New Covenant Church - Camberwell - Statement of Financial Activities for the year ended 31 December 2023

Statement of Financial Activities for the year ended 31 December 2023

Income & Endowments from:
Donations & Legacies
Charitable activities
Other trading activities
Investments
Other
Total income
Expenditure on:
Raising funds
Charitable activities
Other
Tax on surplus on ordinary activities
Other taxation
Total expenditure
Net gains on investments
Net income for the year
Transfers between funds
Net income after transfers
Other recognised gains/(losses)
Reconciliation of funds:-
Total funds brought forward
Total funds carried forward
Net movement in funds
Net gains on revaluation of fixed
assets		 Current year
Unrestricted
Funds
2023
£
76,039
-
-
-
-
76,039
-
32,354
-
-
-
32,354
-
43,685
(30,806)
12,879
-
12,879
-
12,879		 Current year
Restricted
Funds
2023
£
270,913
-
-
-
-
270,913
-
-
-
-
-
-
-
270,913
-
270,913
-
270,913
-
270,913		 Current year
Total Funds
2023
£
346,952
-
-
-
-
346,952
-
32,354
-
-
-
32,354
-
314,598
(30,806)
283,792
-
283,792
-
283,792

All activities derive from continuing operations

8

New Covenant Church - Camberwell - Statement of Financial Activities for the year ended 31 December 2023

Movements in funds

Movements in revenue and capital funds for the year ended 31 December 2023

Revenue accumulated funds

Accumulated funds brought forward
(From)/To unrestricted revenue funds
Closing revenue funds
Exceptional items
Net actuarial realised gains on defined
pension benefit schemes
Costs of fundamental reorganisation or
restructuring
Recognised gains and losses before
transfers		 Unrestricted
Funds
2023
£
-
43,685
43,685
(30,806)
-
-
-
12,879
 Restricted
Funds
2023
£
-
270,913
270,913
-
-
-
-
270,913		 Total
Funds
2023
£
-
314,598
314,598
(30,806)
-
-
-
283,792

Designated funds

Designated revenue funds included within the unrestricted funds above

At 1 January
Transfer (to)/from revenue accumulated funds
At 31 December		 Total
Funds
2023
£
-
(30,806)
(30,806)
Summary of Funds
Summary of funds
Unrestricted
and
Designated funds
2023
£
Share capital and share premium
-
Revenue accumulated funds
43,685
Revenue designated funds
(30,806)
Fixed asset funds
-
Revaluation reserve fund
-
Total funds
12,879		 Restricted
Funds
2023
£
-
270,913
-
-
-
270,913		 Total
Funds
2023
£
-
314,598
(30,806)
-
-
283,792

9

New Covenant Church - Camberwell - Statement of Financial Activities for the year ended 31 December 2023

Income and Expenditure account

New Covenant Church - Camberwell

Income and Expenditure Account for the year ended 31 December 2023 as required by the Companies Act 2006

Income
Income from operations
Realised Gains on the disposal of investments
Refunds from HMRC on gift aided donations
Other operating income
Gross income in the year before exceptional items
Gross income in the year including exceptional items
Expenditure
Charitable expenditure, excluding depreciation and amortisation
Depreciation and amortisation
Fundraising costs
Governance costs
Other expenditure
Total expenditure in the year
Extraordinary items
Tax on surplus on ordinary activities
Gift Aid donations made
Retained surplus for the financial year
Net income after tax in the financial year
Net income before tax in the financial year		 2023
£
346,952
-
-
-
346,952
346,952
31,854
-
-
500
-
32,354
-
314,598
-
314,598
-
314,598

All activities derive from continuing operations

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.

10

New Covenant Church - Camberwell - Balance Sheet as at

Fixed assets
Intangible assets
Tangible assets
Heritage assets
Investments held as fixed assets
Social investments
Total fixed assets
Current assets
Stocks
Debtors
Investments held as current assets
Cash at bank and in hand
Total current assets		 -
-
-
284,392		 2023
£
-
-
-
-
-
-
284,392
Creditors: amounts falling due within
one year
Net current assets
Creditors: amounts falling due after more
than one year
Provisions for contingent assets
The total net assets of the charity
Net assets
Defined benefit pension scheme assets
Net assets		 (600)
283,792
-
-
-
-
-
283,792

11

New Covenant Church - Camberwell - Balance Sheet as at

The total net assets of the charity are funded by the funds of the charity, as follows:-

Restricted funds

Restricted Revenue Funds
Restricted Fixed Asset Funds
Restricted Revaluation Reserve
Unrestricted Funds
Called up share capital
Share premium
Unrestricted Revenue Funds
Unrestricted Revaluation Reserve
Designated Funds
Designated Revenue Funds
Designated Fixed Asset Funds
Pension reserve
Total charity funds		 270,913
-
-
270,913
-
-
43,685
-
43,685
(30,806)
-
(30,806)
-
283,792		 270,913
-
-
270,913
-
-
43,685
-
43,685
(30,806)
-
(30,806)
-
283,792
283,792

The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.

The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 11.

The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

Ayobami Popoola

Trustee Approved by the board of trustees on 22 July 2024

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