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← New Covenant Church Islington

2021-12-31-accounts

TRUSTEES REPORT 2021

REGISTERED CHARITY NUMBER: 1175293 New Covenant Church, Islington CIO

Registered Office

International House, 24 Holborn Viaduct, London, EC1A 2BN

Contents of the Financial Statements

For Year Ended 31 December 2021

Report of Trustees

Independent Examiner's Report

Statement of Annual Returns

Statement of Financial Position

NEW COVENANT CHURCH, ISLINGTON CIO

Report of the Trustees For the year ended 31 December 2021

The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.

REFERENCE AND ADMINISTRATIVE DETAILS

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) Number 1175293

Registered Office

International House, 24 Holborn Viaduct, London, EC1A 2BN

Trustees

MARGARET ELLIOTT IFEOLUWA AMUSAN MARY AKINSULIRE OBAFEMI MOBOLA MAFOH

Bankers

Natwest Bank Lloyds

Independent Examiner

Kingsviews Associates Ltd

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

New Covenant Church CIO (the "Church") is a Charitable Incorporated Organisation (CIO) in England & Wales and constitutes a corporate body with limited liability. It is registered with the Charity Commission under number 1175293.

The Church was incorporated on 23 Oct 2017 and is controlled by its governing document, a constitution as approved by the Charity Commission in England & Wales (CCEW), and is governed by its trustees in accordance with its constitution.

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.

Governance Code

The trustees are aware of the Charity Governance Code and are considering how the relevant matters can be applied to and implemented by the Church.

Training

In the past, a number of Trustee Training Sessions were held jointly with a number of other churches, covering Charity Commission Registration, CIO & Set Up, Transfer of Asset, Trustees, Committees and Legal Duties, Accounting, Charities Commission Website, Public Benefit & Related Activities, Policy Documents Required, Finance, and other operation side training.

Organisational Structure

The Board of Trustees appointed a Council of Management and other advisers who promote the objectives of the charity. The Board of Trustees meet during the year and Council of Management are directed to promote the policies, strategies and processes of implementation for the various programmes and projects.

Risk Management

The Trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. To this effect, the Trustees met during the year, particularly to address Covid Pandemic matters and how that would continue to impinge on activities in line with national guidelines.

Wider Network

The Church is a member of The New Covenant Church and the Evangelical Alliance and Free Churches.

OBJECTIVES AND ACTIVITIES Constitution, Objectives and aims and Organisation of our Work

The Objectives of the Church New Covenant Church Islington (the “Church”)

  1. The advancement of Christian Faith in the United Kingdom.

  2. The relief of persons who are in conditions of need, hardship or distress or who are sick or aged in the United Kingdom.

  3. The relief of poverty.

In fulfilling its purpose, the Church engages in a range of activities either on its own or with others that will vary from time to time with activities being initiated, expanded, or closed, as appropriate.

Principal Activities

The Principal Activities of the charity are Christian worship and involvement of various ministries and ministers of religion in propagating the Tenets of faith to members (and non-members), who seek to learn and develop an understanding of the Gospel through the various meetings provided by the Church. There is also an extension of the Christian Faith through other direct community outreach programmes provided by the church.

Charitable Activities

The Board of Trustees are pleased to report the Church's activities include, but are not restricted to:

Volunteers

A significant proportion of the Church's activities are run by and with the assistance of volunteers, who freely give of their time and skills to support the Church in its furtherance. This year, there was less demand on volunteers in terms of physical duties.

PUBLIC BENEFIT

The Advancement of Christian Faith

The Trustees of the charity having due regard for reporting the Public Benefit provided by the charity in line with the Charities Act 2011, in particular, the specific guidance on charities for the advancement of religion are pleased to report that the church has continued its involvement with a number of community focus outreach programmes and projects providing direct benefits for the public in the United Kingdom.

Place of Worship

During the relevant period, the Church has delivered Sunday and Holy Day Church Services open to all, as well as regularly meeting either corporately or in small groups online due to Covid.

The New Covenant Church remains committed to the advancement of the Christian Faith in line with its charitable objectives through the provision and maintenance of all our places for Christian Worship in the United Kingdom. The provision and places of Christian Worship is an important function of the Charity’s activities.

It provides members of the public with the ongoing opportunities to attend the charity’s places of worship albeit online, enabling them to grow and develop in the Christian faith, teachings and principles. We were largely unable to meet physically at both our sites, but continued to meet virtually, and offered our Services to a larger audience.

The Worship activities of the New Covenant Church Islington CIO make provisions for Christian Worship Services, teaching sessions and prayer meetings throughout the week now including virtually. Beneficiaries have gained spiritual fulfilment, joy of the Christian faith through sound biblical teachings resulting in positive life changing experiences.

House Cell Groups

The Church operates House Cell Groups which hold weekly to provide additional biblical teachings in informal settings. These are all progressive strategies contributing to the increase commitment to advancing the gospel, increase church attendance, commitment to the Christian faith, teachings and principles. These continued for family only gatherings and online for groups that were MultiHousehold.

Evangelism

The New Covenant Church Islington on a monthly basis engages in active evangelism. The Church has an Evangelism Team who share the gospel with members of the public. Evangelism Outreach Team go out into the communities sharing the love of Christ through prayers or by speaking with them on door to door visits. The Evangelism Team also engage with the community informally by holding summer family fun days. Members of the public are provided with food, drinks, bibles, books and gift items. This area of our activity in the physical, was suspended for most of the period in question in adherence to government requirements.

Limited to social media, due to the COVID 19 Pandemic impact.

Youth Ministry

The Youth Ministry runs vibrant youth programs, some alongside other churches. These programs include activities such as bible quizzes, group discussions, a youth choir, drama and poetry performances. Additionally, youth & young adult socials are held from time to time. In 2021, all activities were virtually run. The events are geared towards encouraging social activity and learning on life issues. Sessions were held to encourage Christian living and being responsible members of the community. This ministry would normally provide advice on social issues,

career and support during and after exams. Youth are also mentored into leadership roles by having the opportunity to participate in various departmental activities.

The church, in collaboration with another group, holds regular Bible Studies for young people via conference call meetings and online.

Counselling and support was available to Teenagers.

Children Ministry

The Children Ministry caters for the spiritual needs of children every Sunday. We remained focused on teaching the tenets of faith, building spiritual understanding and raising self-esteem. Our Children’s ministry activities were suspended during lockdown. Regular calls were made to parents looking out for their wellbeing and giving parents advice on engaging children during the period.

In addition, Children’s Ministry Workbooks were sent out by the Islington arm, to ensure teaching and engagement with the church and her activities remained in spite of the pandemic.

Bible Study

Bible Study is held several times a month virtually, in pursuance of our commitment to Spiritual growth and advancement of Christian Faith. Topics cover spectrum of life influencing issues.

Covenant Men and Women Outreach Ministry

This is an additional outreach arm of the charity which supports the advancement of the Christian faith by encouraging men and women to develop personal relationship with Christ through worship, fellowship, bible study and prayers both in church and at home, building strong Christian families, church and communities which inevitably impacts on building a strong Christian nation. Whilst physical meeting were not held, we continued to provide support to members.

Social Investment

We offered Health and Wellbeing Talks during the season.

Gifts have also been distributed to other charities most especially those focused on the community, health, and the advancement of the Christian faith.

THE RELIEF OF POVERTY AND HARDSHIP Food Relief

Our Food Relief programmes supplied grocery to members in need of assistance. In partnership with Covenant Women National, we also distributed cooked food to needy individuals and families as part of the Covid relief.

Pandemic Relief

Financial support for families affected economically due to the Lockdown. Home and Hospital visits by leadership and members, was minimal during the year due to the pandemic. There was more telephone and virtual contact.

We ordered and/or delivered groceries to local people under COVID-19 pandemic quarantine. Counselling Service was also provided on demand and within the limit of legal and regulatory responsibility.

Partnership with Other Organisations

The Church partnered with other Churches, most especially New Covenant branches under the joint working agreement, in sharing developments and ideas, working on projects, virtual events, and hardship relief including short term advances.

We have worked alongside other Christian Organisations such as National Day of Prayer albeit virtually. Our work with National Day of Prayer in the London region focuses on collective prayer for the local communities and the nation as a whole. We also participated in the Enfield Churches monthly leader’s prayer group activities. In addition, monthly breakfast prayer meetings.

RELIEF OF PERSONS WHO ARE IN CONDITIONS OF NEED, HARDSHIP OR DISTRESS OR WHO ARE SICK OR AGED

During the year, we provided Counselling and Pastoral Care, meeting spiritual and emotional needs when it was required including to families of those who were terminally ill and a family that was bereaved.

In addition, several financial gifts were made both to members and none members alike, which included widows and underprivileged members (and nonmembers) of the church’s community, and contributed towards funeral costs.

We offered financial support to the Ponders End Community Development, as well as several families affected economically by the Lockdown.

ACHIEVEMENT AND PERFORMANCE

Charitable Activities

2021 saw a continued restriction of our physical activities. We continued to work through the uncertainty of the Covid 19 pandemic. Our Services remained virtual, as premises were closed for a significant part of the period.

The charity provided donations and financial support not only to our sister bodies, The Global Mission Fund and towards our national overseeing body. We gave also other established charities financial support as a way of alleviating poverty, advancing the Christian faith, and providing succour to those in needs.

Prison Ministry

This arm of our work remained suspended. We hope in the year ahead, with the easing of Lockdown, we can work more effectively on Prison Ministry, as visitations could not be undertaken in this period.

Chaplaincy Training

In the year ahead, we can further explore Chaplaincy and similar courses.

Conference Call Meetings

We experienced an increase in the use of technology for meetings. This has enhanced attendance and effectiveness, due to the convenience of joining in for Prayer Sessions, Leadership Meetings, Trustee Meetings, etc from any location. The continued Lockdown made this necessary, more so.

Annual Conference

In furtherance of the advancement of Christian Faith aim, we held a 3-day conference, as we would normally have. Similar to 2020, it was virtual.

Fundraising Activities

The Church's activities are principally financed by the voluntary giving of its members and congregation, often supplemented through the Gift Aid scheme.

Charitable Activities

The church was only able to hold an online Christmas Service. Due to the Lockdown, publicity for the event was not to the local community. In spite of the Lockdown, it did not renegade on its commitment to support other charities as stated above.

Handling of Finances

All received income is paid into the Church’s bank account. All expenses are made through the church bank account, and are listed as transactions. Due to the Lockdown, transactions were mainly online.

FINANCIAL REVIEW

Financial Position

The financial position of the charity is set out in the Statement of Financial Activities and Balance Sheet and the related notes, and has been prepared in accordance with statutory requirements of the Charities Act 2011 and SORP (FRS 102).

Principal Funding Sources

The principal funding sources of the Church are the voluntary donations and giving by members of the Church congregation together with allied income tax rebates under the Gift Aid Scheme.

Our income was higher than previous year. Members voluntary giving in the form of Tithes and offerings were slightly higher in 2021, despite most of the year's services and events being virtual, a reflection of their commitment to the organisation. The key variance between 2020 and 2021 is the Gift Aid. This has provided an increase in Generated Funds, to the benefit of the CIO. Expenditure between the two years remains in line.

Reserves Policy

The Church aims to hold reserves that would cover a minimum of three months revenue expenditure, legal commitments under contracts of employment and a reserve to meet essential immediate expenditure to the Church's rent costs, necessary to allow the Church to continue to function.

At the year end, the Church had reserves that were considered more than sufficient to meet its premises cost and reserves against its revenue expenditure.

In addition, it continues to seek out a suitable site for purchase. To this effect, savings are kept aside.

Going Concern

The financial statements have been prepared on the going concern basis as in the opinion of the trustees, and there are no material uncertainties about the charity's ability to continue in operational existence.

FUTURE PLAN

Mindful of our objectives -

  1. The advancement of Christian Faith in the United Kingdom.

  2. The relief of persons who are in conditions of need, hardship or distress or who are sick or aged in the United Kingdom.

  3. The relief of poverty.

In spite of the Pandemic, the Church plans to continue with its current activities. Sunday Services, Midweek Meetings, Bible Study, Holy Communion, Children, Youth, Men and Women Ministries, Sunday School, Leadership Prayer Meetings, Leadership Strategic Meetings, Seminars, Conferences, etc.

The Church, being aware of other communities who are less fortunate, would seek to financially and prayerfully support targeted areas and projects.

2022 Plans

Whilst the Covid Pandemic has meant a change in our operations, we trust that the year ahead would bring a relief from the Lockdown and its consequences.

We pray we can return to physical gatherings, work with members and volunteers more effectively, and be better placed to physically reach out to our local communities. We would explore and respond strategically to the situation as it unveils.

Our goals are -

  1. More time on evangelism "Go ye into the World and make disciples of all nations" Matthew 28:19

  2. Prison Ministry

  3. Explore Hospital and Chaplaincy Ministry

  4. First Timers Welcome Team

  5. Initiating and supporting other ministries within the CIO (Member Suggestions Welcome)

  6. Worship Team Training

  7. Increased community giving e.g. Food Bank

  8. Support other charities

  9. Continue encouraging Young Adults to take up roles

  10. Numerical growth

  11. Seek Permanent Place of Worship

  12. Review & Comply With Covid 19 Legislations

Our commitment to working in partnership would remain, particularly within the New Covenant Church, other churches, faith and also none faith based organisations.

Approved by order of the Board of Trustees on 7[th] October 2022.

Margaret Elliott

7[th] October 2022

New Covenant Church - Islington - Statement of Financial Activities for the year ended 31 December 2021

Statement of Financial Activities for the year ended 31 December 2021

Donations & Legacies
Charitable activities
Other trading
activities
Investments
Other
Income & Endowments from:
Total income
53,130 Expenditure on:
Total expenditure
Net gains on investments
Net income for the year
Transfers between funds
Net income after transfers
23,199 Other recognised gains/(losses)
Net gains on revaluation of fxed
assets
Net actuarial gains on defned
pension beneft schemes
Costs of fundamental reorganisation
or restructuring
Extraordinary items
Net movement in funds
Reconciliation of funds:-
Total funds brought forward
Raising funds
Charitable activities
Other
Tax on surplus on ordinary
activities		 87,445
-
-
-
-
Current year
Unrestrict
ed
Funds
2021
£		 -
-
-
-
-
Current
year
Restrict
ed
Funds
2021
£		 87,445
-
-
-
-
-
-
-
Current
year
Total
Funds
2021
£

~~87,445~~
-
29,8
37
-
-
29,837
-

57,608
-

57,608
-
57,608
-		 53,130
-
-
-
-
-
-
-
Prior Year
Total
Funds
2020
£

29,931
-
23,199
-

-
23,199
-
-
29,931
-
-
~~87,445~~
-
29,837
-
-		 -
-
-
-
-
- -
57,608
-		 -
-
-
-
-
57,608
-		 -
-
-
-
-
57,608
-		 -

1

Total funds carried forward 57,608 - 57,608 23,199

The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.

A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.

All the prior year transactions were unrestricted items, and no further analysis is required

All activities derive from continuing operations

Last year's SOFA - Analysis required by 4.2 of the SORP

Prior Year Prior Prior Year
Unrestrict Year Total
ed Funds Restrict Funds
ed
2020 Funds 2020
£ 2020 £
-
0
-
0 0
Donations & Legacies
Charitable activities
Other trading
activities
Investments
Other
Raising funds
Charitable activities
Other
Tax on surplus on ordinary
activities
Income from:
Total income
Expenditure on:
Total expenditure		 -
87,445
-
-
-		 -
-
-
-
-
87,445		 -
53,130
-
-
-
-
29,93
1
-
-
- 53,130
- 29,931
-
29,83
7
-
-		 -
-
-
-
**29,837 **
Net gains on revaluation of fxed
assets
Net actuarial gains on defned
pension beneft schemes
Costs of fundamental reorganisation
or restructuring
Extraordinary items
Net gains on
investments
Net income for the year
Transfers between funds
Net income after transfers
Other recognised gains/(losses)
Net movement in funds
23,199
Reconciliation of funds:-
Total funds brought forward
Total funds carried forward
23,199		 -

 -
57,608		 -
-
-
-
-
-23,199
--
- 23,199
-
57,608
--
57,608
-
-
-
-
-

-
 -
-
-
-
57,608
-
57,608
-
57,608

All activities derive from continuing operations

Statement of Total Recognised Gains and Losses for the year ended 31 December 2021

202
1
£
Realised gains on the disposal of investments
Realised net actuarial gains on defned beneft
schemes
Costs of fundamental reorganisation or
-
-
-
Surplus for the year :-
Net excess of income over expenditure from operations before tax
Realised gains on the disposal of tangible fxed assets
Realised gains on the disposal of intangible fxed assets
Realised gains on the disposal of heritage fxed assets
Realised net Gains Spare heading for realised gains and losses- replace
with text
-
-
-
-
-
Income from operations before tax in the Statement of Financial Activities		 202
0
£
-
-
-
-
-
-
-
-
-
-
Gains on the revaluation of tangible fxed assets
Gains on the revaluation of heritage fxed assets
Unrealised gains on investments
Unrealised net actuarial gains on defned beneft
schemes
Gift aid payments made
Grants for the acquisition of fxed assets
Actuarial gains
Extraordinary items
Surplus as shown in the Income and Expenditure account
23,199
Add/(deduct) non income and expenditure items:-
Net Movement in funds before taxation
Taxation arising in the year
Funds generated in the year as shown on Statement of Financial
23,199		 -
-
-
-
-
-
-
-
-

-
-
Activities		 -
-
-
-
-
-
-
-
-
57,608
-
-
57,608

Statement of application of resources

New Covenant Church - Islington - Resources applied in the year ended 31 December 2021 towards fixed assets for Charity use:-

Funds generated in the year as detailed in the
SOFA
Resources applied on functional fxed assets
Investment in programme related investments
Resources applied on Intangible assets
Resources applied on Heritage assets
Net resources available to fund charitable activities		 87,445
-
-
-
-
2021
£
87,445		 53,130
-
-
-
-
2020
£
53,130

Movements in funds Movements in revenue and capital funds for the year ended 31 December 2021

Revenue accumulated funds

Accumulated funds brought forward
Recognised gains and losses before
transfers
Unrestrict
ed
Restricte
d
Funds
Funds
2021
2021
£
£
-
-
57,608
-
57,608
-
f
Closing revenue funds
57,608
-
(From)/To unrestricted
revenue
unds
-
Net actuarial gains on
defned p
schemes
ension beneft
-
Costs of fundamental
reorganisa
restructuring
tion or
-
-
-
-
-		 Unrestrict
ed
Funds
2021
£
-
57,608		 Restricte
d
Funds
2021
£
-
-		 Total
Funds
2021
£
-
57,608
57,608

57,608
-
-
-
-		 Last
year
Total
Funds
2020
£
-
23,199
23,199
-
-
-
-
-
-
-
-
-

Designated funds Designated revenue funds included within the unrestricted funds above

Total Last year
Fund Total
s Funds
2021 2020
£ £

At 1 January Transfer (to)/from revenue accumulated funds

At 31 December

At 1 January
Transfer (to)/from revenue
funds
At 31 December
Fixed Asset
funds
Fixed asset funds		 -
-
Designat
ed Funds
2021
£		 -
-
-
Restricted
Funds
2021
£		 -
-
-
Total
Fund
s
2021
£		 -
-
Last year
Total
Funds
2020
£
- -
Share capital and share
premium
Revenue accumulated funds
Revenue designated funds
Fixed asset funds
Revaluation reserve fund
-
57,608
-
-
-
-
-
-
-
-
Unrestrict
ed Funds
2021
£
-
-
-
At 31 December
-
-
icte
d s
021
£
Total funds
57,608

Revaluation Reserve
Fund
Revaluation Reserve
Restricted
Funds
202
1
£
-
-
-
At 1 January
Transfer (to)/from revenue funds
Net gains on revaluation of fxed
assets
Summary of
Funds
Summary of funds
Unrestricted Restr
and
Fund
Designated
funds
2021
2
£		 Unrestrict
ed Funds
2021
£
-
-
-		 Restricted
Funds
202
1
£
-
-
-		 -
57,608
-
-
-
-
23,199
-
-
-
Total
Fund
s
2021
£
-
-
-
-
-
-
57,608 23,199
Last year
Total Funds
2020
£
-
-
-
Total
Fund
s
Last Year
Total
Funds
202
1
£
202
0
£
- -

Income and Expenditure account

New Covenant Church – Islington Income and Expenditure Account for the year ended 31 December 2021 as required by

2021
£
Income from operations
Realised Gains on the disposal of investments
Realised gains on disposals of social investments which are programme
related
Gift aid donations received from subsidiary undertaking
87,445
-
-
-
Investment income
Income from investments, other than interest
receivable
Interest receivable
Other operating income
-
-
-
Exceptional items:
Realised gains on disposals of tangible fxed assets held for the charity’s
own use
Realised gains on the disposal of intangible assets
-
-
Realised net actuarial gains on defned beneft schemes
Realised gains on disposals of heritage assets
Spare heading for realised gains and losses- replace
with text
-
-
-
Charitable expenditure, excluding depreciation and amortisation
Depreciation and amortisation
Fundraising costs
Governance costs
Other expenditure
Interest payable
Realised losses on the disposal of investments
Realised losses on disposals of social investments which are programme
related
Realised losses on disposals of tangible fxed assets held for the charity’s
own us
Realised losses on the disposal of intangible assets
Realised losses on disposals of heritage assets
19,029
-
-
10,808
-
-
-
-
-
-
-
-
Realised net actuarial losses on defned beneft
schemes
Costs of fundamental reorganisation or
-
-
Income
Gross income in the year before exceptional items
87,445
Gross income in the year including exceptional items
87,445
Expenditure
Total expenditure in the year
29,837		 2020
£
53,130
-
-
-
-
-
-
-
-
-
-
-
14,75
0-
-
15,18
1
-
-
-
-
-
-
-
-
-
-
53,130
53,130
29,931
Extraordinary items
Net income before tax in the fnancial year
Tax on surplus on ordinary activities
Net income after tax in the fnancial year
Gift Aid donations made
Retained surplus for the fnancial year		 -
57,608
-
57,608
-
57,608		 -
23,199
-
23,199
-
23,199

All activities derive from continuing operations

New Covenant Church - Islington - Balance Sheet as at 31

Fixed assets
Intangible assets
Tangible assets
Heritage assets
Investments held as fxed
assets
Social investments
Notes
Total fxed assets

Total current assets
Creditors: amounts falling due within
one year
Net current assets
Net assets
Creditors: amounts falling due after
more than one year
Provisions for contingent assets
Net assets
Defned beneft pension scheme assets
Current assets
Stocks
Debtors
Investments held as current
assets
Cash at bank and in hand		 -
-
-
-
-
-
-
8,574
-
247,607
256,18
1
256,181
-
-
-
-
-
2021
£		 -
-
-
-
-
-
-
-
-
198,572
198,572
-
2020
£
256,18
1
198,572
-
-
-
-
-

1

New Covenant Church - Islington - Balance Sheet as at 31

The total net assets of the
charity 256,181
198,572
The total net assets of the charity are funded by the funds of the charity, as follows:-
- -
- -
There are no unanalysed prior period
funds
Restricted funds
Restricted Revenue Funds 201,945 156.756
Restricted Fixed Asset Funds - -

1

Restricted Revaluation Reserve

Unrestricted Funds

Designated Funds

Designated Revenue Funds - Designated Fixed Asset - Funds - Pension reserve - - Total charity funds 256,181 198,572

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.

Olu Elliott

Trustee Approved by the board of trustees on 2022

New Covenant Church – Islington CIO 1175293

Report of the Independent Accountant to the Trustees of the charity on the accounts for the period ended 31 December 2021

Our responsibility as an independent examiner is to look at the charity’s records for the period being examined and to give an informed opinion, based on the records, about whether we have found any evidence to suggest that the accounts have not been kept properly, or that the figures being presented by the Treasurer do not tally with the records that have been kept.

Our responsibility is to prepare accounts upon the basis of the information supplied to us, without conducting any formal scrutiny. We have therefore reported on the financial statements of New Covenant Church, Islington CIO for the period ended 31 December 2021 as set out on pages 1-11 on the Financial report of the charity, which comprise the Statement of Financial Activities, the Income and Expenditure Account, the Balance Sheet, the Cash Flow Statement and the related notes to the financial statements, including a summary of significant accounting policies.

In our opinion, the accompanying financial statements of the charity are prepared, in all material respects, in accordance with charity law applicable within the jurisdiction of England & Wales and the accounts have been prepared in accordance with FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), published by the Charity Commission in England & Wales (CCEW), effective January 2016, under the historical cost convention, and in accordance with the accounting policies set out in section 3 of the SORP, which framework constitutes the applicable United Kingdom Generally Accepted Accounting Practice.

Respective responsibilities of the directors and the accountant.

As described in section 1.7 of the SORP, you, the charity's Trustees are responsible for the preparation of the accounts. 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. The Trustees also consider the charity to be exempt from the requirement to be subject to Independent Examination.

Our responsibility is to prepare accounts upon the basis of the information supplied to us, without conducting any formal scrutiny.

Therefore on the basis of the information supplied to us we only carried out the following:

• Establish the opening and closing balances of the relevant bank accounts and established that the records that make up the accounts tally with bank records of all outgoings and transactions coming into the accounts.

• We did not check the paperwork supporting income. However, the charity’s main incomes come from tithes and offering collected on their service or meeting days. We spoke to the treasurer and the explanations were satisfactory to conclude the examinations.

• We did not check paperwork supporting expenditure. However we established that at least 2 signatures that are required by their internal control systems showed have been complied with respect to drawing cheques, to make internet payments, and to authorise larger payments by cash. The signatories are currently authorised officers of the charity.

• We checked that individual items were reasonable.

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. The Trustees also consider the charity to be exempt from the requirement to be subject to Independent Examination. No statement of opinion.

No Statement of Opinion

We have not carried out any audit procedures and have relied upon information supplied to us by the Trustees, and the information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently we do not express an audit or other assurance opinion on the view given by the accounts.

Signed

Tunde Aikomo ACMA/CGMA Independent Examiner

48 Beaumont Road Purley Surrey CR8 2EG