REGISTERED CHARITY NUMBER: 1175397
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2021 for New Covenant Church - Bristol
New Covenant Church - Bristol
Contents of the Financial Statements for the Year Ended 31 December 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 10 |
| Detailed Statement of Financial Activities | 11 |
New Covenant Church - Bristol
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 Registered Charity number
1175397
Principal address
Old School House Salisbury Road Barton Hill Bristol BS5 9UD
Trustees
O Taiwo O Odeyemi Mrs V Akuetteh
Independent examiner Theo Sehindemi
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
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New Covenant Church - Bristol
Report of the Trustees for the Year Ended 31 December 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
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 decide 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.
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New Covenant Church - Bristol
Report of the Trustees for the Year Ended 31 December 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
The trustee board is responsible for good governance and we strive to govern well.
Trustees are given an induction session along with going through the CIO's governing document and all relevant guides from the Charity Commission.
The CIO's governing document and all relevant guides from the Charity Commission are regularly consulted in enabling trustees.
New Covenant Church Bristol is part of the wider New Covenant Church UK, and trustees have attended meetings organised aimed at supporting and enabling trustees carry out their roles effectively.
The CIO consists of 3 trustees. There is a Chair, a Secretary and a Treasurer.
New Covenant Church Bristol consists of a leadership team of three Pastors, two Elders and one Youth Leader. Within the church, there are various departments and committees, with each having a head of department.
The various departments and committees include the Pastoral Team, Choir, Welfare, Children Department, Youths, Young Adults, Ushers, Technical Team, Prayer and Intercessory Team, Welcome and Follow Up Team, Covenant Men, Covenant Women, Evangelism, Finance, and Building Committee.
New Covenant Church Bristol is part of New Covenant Church UK, with a signed document of association and collaboration.
The CIO has public liability and indemnity insurance policy up to date.
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.
OBJECTIVES AND ACTIVITIES
Objectives and aims
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.
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 from time to time may think.
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New Covenant Church - Bristol
Report of the Trustees for the Year Ended 31 December 2021
OBJECTIVES AND ACTIVITIES
Significant activities
In addition to services where we all meet, the men, women and youths meet occasionally for separate fellowship to encourage and develop themselves in accordance to God's plan and purpose. It also provides a great opportunity for people to share common issues that may be gender, age, career or role specific. All our services are open to all people, without charge.
We often go out on evangelism to share the good news that God loves the world in our local community, we listen and offer prayers for everyone.
We confirm the trustees have had regard to the Charity Commission's public benefit guidance when carrying out activities to which it's relevant.
We have plans to implement several ideas for community transformation including Coffee Mornings, Food Bank as well as Breakfast and an After School Club when we move into our own Building.
Church members volunteer their time, skills and expertise
Public benefit
The Board of Trustees are pleased to report as follows:
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 commenced involvement with community focused events and projects providing direct benefit for the public in the UK and abroad.
Places of Worship
The Charity commits to the promotion of the Christian Faith by renting on a monthly basis a place in the centre of Bristol 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 worship activities make provision for Christian Worship Services, teaching sessions, discipleship classes and prayer meetings throughout the week.
The Church also meets online via zoom on a weekly basis for bible study classes. This platform is open to non-members and provides an avenue to advance Christianity in the community on an informal basis.
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, BBQ outreach and summer family fun days where food and drinks are provided.
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
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New Covenant Church - Bristol
Report of the Trustees
for the Year Ended 31 December 2021
ACHIEVEMENT AND PERFORMANCE
Charitable activities
We have held regular church services and meetings.
Pastoral support has and continues to be given by our Pastors.
Church workers meetings have been held.
Pastors have held regular meetings.
Trustees have held meetings and attended training sessions.
FUTURE DEVELOPMENTS
We aim to continue to grow as a church, expand our activities and own our building to facilitate our objectives, for the public's benefit.
Approved by order of the board of trustees on 15 December 2022 and signed on its behalf by:
O Odeyemi - Trustee
Page 5
Independent Examiner's Report to the Trustees of New Covenant Church - Bristol
I report on the accounts for the year ended 31 December 2021, which are set out on pages seven to ten.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
My role is to state whether any material matters have come to my attention giving me cause to believe:
-
that accounting records were not kept as required by section 130 of the Act; or
-
that the accounts do not accord with those records; or
-
that the accounts do not comply with the accounting requirements of the Act; or 4. that there is further information needed for a proper understanding of the accounts.
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.
Theo Sehindemi
15 December 2022
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New Covenant Church - Bristol
Statement of Financial Activities for the Year Ended 31 December 2021
| Unrestricted | ||
|---|---|---|
| fund | ||
| Notes | £ | |
| INCOMING RESOURCES | ||
| Incoming resources from generated | ||
| funds | ||
| Voluntary income | 42,101 | |
| RESOURCES EXPENDED | ||
| Charitable activities | ||
| Rent | 16,819 | |
| Wages and Salary | 15,228 | |
| Subscription | 306 | |
| Contribution to Centre | 2,951 | |
| Welfare | 350 | |
| Social Security | 2,292 | |
| Rate and Water | 1,752 | |
| Total resources expended | 39,698 | |
| NET INCOMING RESOURCES | 2,403 | |
| TOTAL FUNDS CARRIED FORWARD | 2,403 |
The notes form part of these financial statements
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New Covenant Church - Bristol
Balance Sheet
At 31 December 2021
| Unrestricted | ||
|---|---|---|
| fund | ||
| Notes | £ | |
| CURRENT ASSETS | ||
| Debtors | 4 | 954 |
| Cash in hand | 1,449 | |
| 2,403 | ||
| NET CURRENT ASSETS | 2,403 | |
| TOTAL ASSETS LESS CURRENT | ||
| LIABILITIES | 2,403 | |
| NET ASSETS | 2,403 | |
| FUNDS | 5 | |
| Unrestricted funds | 2,403 | |
| TOTAL FUNDS | 2,403 |
The financial statements were approved by the Board of Trustees on 15 December 2022 and were signed on its behalf by:
O Odeyemi -Trustee
The notes form part of these financial statements
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New Covenant Church - Bristol
Notes to the Financial Statements for the Year Ended 31 December 2021
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the period of the lease.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021.
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New Covenant Church - Bristol
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
| 3. | STAFF COSTS | |||||
|---|---|---|---|---|---|---|
| £ | ||||||
| Wages and salaries | 15,228 | |||||
| Social security costs | 2,292 | |||||
| 17,520 | ||||||
| The average monthly number of employees during the year was as follows: | ||||||
| - | ||||||
| No employees received | emoluments in excess of £60,000. | |||||
| 4. | DEBTORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||
| £ | ||||||
| Trade debtors | 954 | |||||
| 5. | MOVEMENT IN FUNDS | |||||
| Net | ||||||
| movement | ||||||
| in funds | At 31.12.21 | |||||
| £ | £ | |||||
| Unrestricted funds | ||||||
| General fund | 2,403 | 2,403 | ||||
| TOTAL FUNDS | 2,403 | 2,403 | ||||
| Net movement in funds, | included in the above are as follows: | |||||
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 42,101 | (39,698) | 2,403 |
|||
| TOTAL FUNDS | 42,101 | (39,698) | 2,403 |
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New Covenant Church - Bristol
Detailed Statement of Financial Activities for the Year Ended 31 December 2021
| INCOMING RESOURCES Voluntary income Donations Total incoming resources RESOURCES EXPENDED Charitable activities Welfare Support costs Management Wages Social security Rent Rates and water Finance Contribution to Centre Subscription Total resources expended Net income |
42,101 42,101 350 15,228 2,292 16,819 1,752 36,091 2,951 306 3,257 39,698 2,403 |
|---|---|
This page does not form part of the statutory financial statements
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