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 -
1. Risk Management
2. Conflict of Interest
3. Volunteer Management
4. Complaints Handling
5. Paying Staff
6. Investment
7. Reserves
8. Gifts To Ministers
9. Grant Making
10. Anti Money Laundering, Terrorist Financing and Bribery
11. 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”)
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 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 -
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.
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**
-|-
-
-
**-**
-||||
|||||||
1
## **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**_
|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**|-
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**|**-**|||
2
## **New Covenant Church - Chafford Hundred - Statement of Financial Activities for the year ended 31 December 2021**
|Net gains on revaluation of fixed assets
Net actuarial gains on defined pension
benefit 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**
**Reconciliation of funds:-**
**Total funds brought forward**
**Total funds carried forward**|-
**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|-||-|
3
## **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**|
|---|---|---|
4
## **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**
**£**|
|---|---|---|
5
## **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**
**£**|
|---|---|---|
6
## **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**|
7
## **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||
||||
10
## **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
11