2021-12-31-accounts - New Covenant Church Chafford Hundred

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REGISTERED CHARITY NUMBER: 1175835 New Covenant Church, Chafford Hundred 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 2 - 12 Statement of Financial Activities (Attached Separately) 1 - 11

NEW COVENANT CHURCH, CHAFFORD HUNDRED 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 1175835

Registered Office

46 Cumberland Road Chafford Hundred Grays Essex RM16 6DS

Trustees

MR Dele Oyewale Mrs Elizabeth Ekanem Mrs Yinka Junaid

Bankers

Natwest Bank

Independent Examiner

Kingsviews Associates 48 Beaumont Road, Purley CR8 2EG

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 1175835.

The Church was incorporated on 21[st] November 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

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, etc.

Policy Documents

We have the following policies -

Risk Management
Conflict of Interest
Volunteer Management
Complaints Handling
Paying Staff
Investment
Reserves
Gifts To Ministers
Grant Making
Anti Money Laundering, Terrorist Financing and Bribery
Safeguarding

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 hold meetings throughout the year and Council of Management are directed to promote the policies, strategies and processes of implementation for the various programmes and projects. These are subjected to constant reviews to assess outcomes.

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. Safeguarding training, reviews and planning have been undertaking to ensure adequate protection of children and adults at risk in accordance with the government legislation on safeguarding.

Wider Network

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

Commencement of Activities

During 2018, New Covenant Church Chafford Hundred transferred its assets and activities to New Covenant Church Chafford Hundred CIO. The Charity Account held by Natwest became operational on 01 April 2018.

OBJECTIVES AND ACTIVITIES

Constitution, Objectives and aims and Organisation of our Work

The Objectives of the Church New Covenant Church Chafford Hundred (the “Church”)

The advancement of Christian Faith in the United Kingdom.
The relief of persons who are in conditions of need, hardship or distress or who are sick or aged in the United Kingdom.
The relief of poverty.

In fulfilling its purpose, the Church will engage 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 churches.

Charitable Activities

The Boards of Trustees are pleased to report as follows:

The Church's activities include, but are not restricted to

Regular public worship, prayer, Bible study, preaching and teaching
Water Baptism
Communion of the Lord's Supper, normally to be observed in small groups and at least three times a year in the larger congregation.
Evangelism and mission, locally, regionally, nationally
Partnering with other Churches, within but not restricted to New Covenant Church
Teaching, encouraging, welcome and inclusion of young people
Nurture and growth of Christian disciples
Education and training for Christian and community service
Giving and encouraging pastoral care
Supporting and encouraging charitable social action in the United Kingdom
Encouraging relationships with and supporting evangelicals, other Christians and humanity at large

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 the furtherance of its aims.

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

Since the advent of the Covid -19 pandemic, rules and guidelines concerning the useof public utilities affect the church use of - Stanley Lazell Hall Dell Road RM17 5JZ. Worship has been only on the Zoom and streamline on youtube during the lockdown.

Currently the church holds its service at the Thourrouk Hotel ( now Best Western hotel) RM19 1YN; on the last Sunday of every month between 10:45-12:30 pending when a church property is obtained. Hiring the hotel is with a cost. The expences will be included in the financial report. Other Sundays worship, Mid week service still holds on the Zoom. Attendance range between 35-60 (40 on average). Mid week service every 2[nd] and 4th Wednesday of the Month 7:30 to 8:30pm First Saturday of the month a day of Fasting and a time (6-7pm “Hour Of Waiting”)of Prayer.

House Cell Groups

The Church operates House Cell Groups which hold as determined by members 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.

Youth Ministry

The Youth Ministry runs vibrant youth programmes, some alongside other churches. Additionally, youth & young people socials are held from time to time. In 2020, sessions were held to encourage Christian living and being responsible members of the community. This ministry provided advice on social issues, mental health, career and support during and after exams.

The youth are also mentored into leadership roles by having the opportunity to participate in various departmental activities.

Children Ministry

The Children Ministry caters for the spiritual needs of children every Sunday. In 2021, the Sunday School Ministry focused on teaching the basic tenets of faith, building self-confidence and raising self-esteem in each child.

Bible Study

Bible Study was during the monthly mid week service, in pursuance of our commitment to Spiritual growth and advancement of Christian Faith. The topics were broad addressing a spectrum of life influencing issues.

EVANGELISM:- Prayer Booth –Prophetic prayers and spiritual readings,

treasure hunting in the Market Place-run in partnership with Transformation Thurrock.

This was put on hold during the reporting period because of Covid 19 pandemic and the guidelines on lockdown and social distancing. The church will look into resuming outreach activities as soon as possible, now that the Government have lifted all restrictions.

RELIEF OF POVERTY AND HARDSHIP:

- Regained our partnership with Thurrock food bank – collection every first Sunday of the month. Home Response Action Group- HRAG collaboration to support the homeless in thurrock – via clothing donation and( support of soup kitchen initiative) on hold for this period due to the pandemic.

Engaged with the Thurrock – Winter Night Shelter scheme set up

Christians Against Poverty – CAP - partnership in thurrock – currently one of our members involved in the “befriending Initiative”-which aims to have local people befriend/ support families in the community who are in financial distress. Donations to – Thurrock Homeless Unit Charles Street Grays, Seasonal food and gifts donation to the Hostels and women’s refuges during the Christmas. In addition to these, the church made adequate arrangement for Palliative care for members who may require financial support during the pandemic.

HELPING THE SICK AND AGED:- Healing Rooms - Members attend and support the Healing School - also encourage and transport willing members of the community to the Quarterly healing school.

Ministry To The Elderly:-Donation of a People Carrier Vehicle to the Church and the set-up of a Transport Ministry has allowed weekly transport of the Elderly in the community to church and various events.

CARE AND COUNSELLING:- A member was supported to undertake Chaplaincy training in Northampton – and has completed the course in May 2019.

We remain firm Supporters of Transformation Thurrock, an inter-Church Initiative We also partnered with Liberty and the NCC global Mission Fund.

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 have 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's congregation and proposed allied income tax rebates under the Gift Aid Scheme.

Reserves Policy

The Church aims to hold reserves that would cover 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. The Church had reserves considered sufficient to meet its premises cost and reserves against its revenue expenditure at year end.

Financial Note

The Church commenced its activities after being carved out from New Covenant Church Charity Registration 1004343, in April 2018.

Going Concern

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

FUTURE PLAN

Mindful of our objectives -

The advancement of Christian Faith in the United Kingdom.
The relief of persons who are in conditions of need, hardship or distress or who are sick or aged in the United Kingdom.
The relief of poverty.

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

The Church, being mindful of less privilege communities, would seek to prayerfully and financially support targeted areas and projects. Our commitment to working in partnership would remain, particularly within the New Covenant Church, other faith and also none faith based organisations.

Date of Submission :………19[th] July 2022……. Submitted by Elizabeth Ekanem (Chairman Board of Trustees.

New Covenant Church - Chafford Hundred - 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 Expenditure on: Total expenditure Net gains on investments Net income for the year Transfers between funds Net income after transfers Other recognised gains/(losses)7 Net gains on revaluation of fixed assets Net actuarial gains on defined pension benefit 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	59,049 - - - - Current year Unrestricted Funds 2021 £ 59,049	- - - - - Current year Restricted Funds 2021 £ -		59,049 - - - - - - - Current year Total Funds 2021 £ 59,049 - 18,671 - - 18,671 - 40,378 - 40,378 - 40,378 -	39,141 - - - - - - - Prior Year Total Funds 2020 £ 39,141 25,478 - 13,663 - 13,663 - 13,663 - - 25,478 - -
	- 18,671 - -	- - - -
	18,671	-
	-	-
	40,378 -	- -
	- - - 40,378 -	- - - - -

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

Total funds carried forward 40,378 - 40,378 13,663

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

- 39,141 - - - Prior Year Unrestricted Funds 2020 £ 0 0	- - - - - 0 - Prior Year Restricted Funds 2020 £	- 39,141 - - - 39,141 Prior Year Total Funds 2020 £ - -
39,141
- 25,478 - -	- -, - -	- 25,478 - - 25,478
25,478	-

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

- 13,663 -	- - -	- - - - - 13,663 13,663 - 13,663 -
- - - - 13,663 -	- - - - -
13,663 -	- -
13,663	-	13,663

All activities derive from continuing operations

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

	2021	2021	2020
	£		£
Surplus for the year :-
	40,378		13,663
Net excess of income over expenditure from operations before tax			-
Realised gains on the disposal of tangible fixed assets		-	-
Realised gains on the disposal of intangible fixed assets		-	-
Realised gains on the disposal of heritage fixed 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*	40,378		13,663
Realised gains on the disposal of investments	-		-
Realised net actuarial gains on defined benefit schemes	-		-
Costs of fundamental reorganisation or restructuring	-		-

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

Gains on the revaluation of tangible fixed assets Gains on the revaluation of heritage fixed assets Unrealised gains on investments Unrealised net actuarial gains on defined benefit schemes Gift aid payments made Grants for the acquisition of fixed assets Actuarial gains Extraordinary items *Surplus as shown in the Income and Expenditure account* *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 Activities	- - - - - - - - - 40,378 40,378 - 40,378	- - - - - - - - - 13,663 13,663 - 13,663

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

Statement of application of resources

New Covenant Church - Chafford Hundred - 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 fixed assets Investment in programme related investments Resources applied on Intangible assets Resources applied on Heritage assets Net resources available to fund charitable activities	59,049 - - - - 2021 £ 59,049	39,141 - - - - 2020 £
		39,141

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 Closing revenue funds (From)/To unrestricted revenue funds Net actuarial gains on defined pension schemes Costs of fundamental reorganisation restructuring	Unrestricted Funds 2021 £ 40,378 -	Restricted Funds 2021 £ - -		Total Funds 2021 £ - - 40,378 40,378 - - - -	Last year Total Funds 2020 £ 13,663 -
	40,378 - - - -	- - - -			13,663 - - - -
	40,378	-			13,663

Designated funds

Designated revenue funds included within the unrestricted funds above

At 31 December At 1 January Transfer (to)/from revenue accumulated funds	- - - Total Funds 2021 £	- - - Last year Total Funds 2020 £

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

At 1 January Transfer (to)/from revenue funds At 31 December At 31 December *Fixed Asset funds* Fixed asset funds *Revaluation Reserve Fund* Revaluation Reserve Fund At 1 January Transfer (to)/from revenue funds Net gains on revaluation of fixed assets	- - Designated Funds 2021 £	- - Restricted Funds 2021 £		- - - - - - Total Funds 2021 £ - - - - - Total Funds 2021 £ Last year Total Funds 2020 £ Last year Total Funds 2020 £ - - -
	-	-
	Unrestricted Funds 2021 £ - - -	Restricted Funds 2021 £ - - -
	-	-

Share capital and share premium Revenue accumulated funds Revenue designated funds Fixed asset funds Revaluation reserve fund Total funds *Summary of Funds* Summary of funds	- 22,212 - - - - 75,709 - - - icted s 021 £ 22,212 75,709 Unrestricted Restr and Fund Designated funds 2021 2 £	- 97,921 - - - - 57,543 - - - 97,921 57,543 Total Funds Last Year Total Funds 2021 £ 2020 £

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

Income and Expenditure account

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

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 Investment income Income from investments, other than interest receivable Interest receivable Other operating income *Exceptional items:* Realised gains on disposals of tangible fixed assets held for the charity’s own use Realised gains on the disposal of intangible assets Realised net actuarial gains on defined benefit 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 fixed assets held for the charity’s own us Realised losses on the disposal of intangible assets Realised losses on disposals of heritage assets Spare heading for realised gains and losses- replace with text Realised net actuarial losses on defined benefit schemes Costs of fundamental reorganisation or restructuring *Income* Gross income in the year before exceptional items Gross income in the year including exceptional items *Expenditure* Total expenditure in the year	2021 £ 59,049 - - - - - - - - - - - 18,671 - - - - - - - - - - - - - 59,049 59,049 18,671	2020 £ 39,141 - - - - - -
		- - - - - 39,141
		39,141
		25,478 - - - - - - - - - - - - -
		25,478

New Covenant Church - Chafford Hundred - Balance Sheet as at 31 December 2021

Fixed assets Intangible assets Tangible assets Heritage assets Investments held as fixed assets Social investments Extraordinary items Net income before tax in the financial year Tax on surplus on ordinary activities Net income after tax in the financial year Gift Aid donations made Retained surplus for the financial year All activities derive from continuing operations Notes Total fixed 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* Defined benefit pension scheme assets The total net assets of the charity Current assets Stocks Debtors Investments held as current assets Cash at bank and in hand	- - - 97,921
	97,921

New Covenant Church - Chafford Hundred - Balance Sheet as at 31 December 2021

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 Restricted Fixed Asset Funds Designated Funds Designated Revenue Funds Designated Fixed Asset Funds Unrestricted Funds Pension reserve Total charity funds Restricted Revaluation Reserve Called up share capital Share premium Unrestricted Revenue Funds Unrestricted Revaluation Reserve	-	- - - - 75,708 44,489 - - - - - - - - 13,053 - - - 97,921 57,543 - - 22,212 -
	- - -

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.

Trustee

Approved by the board of trustees on 19[th] July 2022