2023-01-01-accounts - New Covenant Church Middlesbrough

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

The Charity Registration Number is :- 1190310

New Covenant Church - Middlesbrough

Report and Accounts

1 January 2023

Trustees' Annual Report for the year ended 1 January 2023

The Trustees present their Report and Accounts for the year ended 1 January 2023.

Reference and administrative details

The charity name.

The legal name of the charity is:- New Covenant Church - Middlesbrough

The charity's areas operation and UK charitable registration.

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1190310

Legal structure of the charity

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

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

The trustees are all individuals.

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

Grove Hill Community Hub Bishopton Road, Middlesbrough , TS4 2RP

O.O Abejide Mrs. M. A. Abejide

Ms. S. Ileso

The following persons served as Trustees during the year ended 1 January 2023 :-

The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.

Trustees' Annual Report for the year ended 1 January 2023

All the trustees are also members of the charity.

Objects and activities of the charity

Objectives and aims

The objectives of the Church are set out in the CIO document: To advance the Christian Religion for the benefit of the public through the holding of prayer meetings, lectures, public celebration of religious festivals, producing and distributing literature on the Christian Faith to enlighten others about the Christian Religion.

The main activities undertaken in relation to those purposes during the year.

Significant activities

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

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

Trustees' Annual Report for the year ended 1 January 2023

Public benefit

The Board of Trustees are pleased to report as follows: PUBLIC BENEFIT

The Advancement of Christian Faith

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

Places of Worship

The Charity has continued its commitment to the promotion of the Christian Faith by renting on a weekly basis a place at Grove Hill Community Hub, Bishopton Road, Middlesbrough, TS4 2RP 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 operates weekly meetings in different local locations for our discipleship classes a practical strategy for using informal settings to advance Christianity in our communities. Evangelism

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

The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.

The Short Term and Longer Objectives and Aims.

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

Structure, governance and management of the charity

The methods used to recruit and appoint new charity trustees.

Trustees' Annual Report for the year ended 1 January 2023

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

Recruitment and appointment of new trustees

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

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

Candidates are asked to consider and declare any existing or potential conflicts of interest. Appropriate checks from the Disclosure and Barring Service are conducted.

In the light of the checks and declarations, the trustees decide to go ahead and formalise the appointment of new trustees.

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

All new trustees are given a copy of the CIO's governing document and all relevant documents and guides from the Charity Commission.

All new trustees are introduced to the church and the office they hold.

The charity's organisational structure.

Organisational structure

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

Financial review

The charity's financial position at the end of the year ended 1 January 2023

The financial position of the charity at 1 January 2023 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Called up share capital Net income	2023 £ 6,411 -	2022 £ -
		-

Trustees' Annual Report for the year ended 1 January 2023

Share premium account Designated Revenue Funds Designated Fixed Asset Funds *Total Unrestricted Funds* Restricted Revenue Funds Restricted Fixed Asset Funds *Total Restricted Funds* Total Funds Unrestricted Revenue Funds available for the general purposes of the charity Restricted revaluation reserve Unrestricted revaluation reserve	- 6,411 - - - 6,411 - - - - 6,411	-
		- - - -
		-
		- - -
		-

		-

Financial review of the position at the reporting date, 1 January 2023 .

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

Statement of Trustees' Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), .

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

to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
select suitable accounting policies and apply them consistently;
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;

Trustees' Annual Report for the year ended 1 January 2023

state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;

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

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

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

This report was approved by the board of trustees on 6 December 2023.

O.O. Abejide Trustee

New Covenant Church - Middlesbrough

Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 1 January 2023

I report to the Trustees on my examination of the financial statements of the charity on pages 12 to 20 for the year ended 1 January 2023 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 19.

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

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

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

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

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

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

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

I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charity and of the accounting systems employed by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.

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

New Covenant Church - Middlesbrough

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

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

Independent Examiner's Statement, Report and Opinion

Attention is drawn to the accounting policy stating that, notwithstanding the explicit requirement in the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, and in order to accord with current best practice, the Trustees have determined to prepare the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), . I concur with this approach, and any references in my report to the regulations should be read subject to this comment.

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

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

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Signed:-

Theo Sehindemi - Independent Examiner

Accountants

148 Sandy Lane South

Wallington Surrey SM6 9NR

This report was signed on 6 December 2023

New Covenant Church - Middlesbrough - Statement of Financial Activities for the year ended 1 January 2023

Statement of Financial Activities for the year ended 1 January 2023

Current year Unrestricted Funds 2023 £ 32,280 - - - -	Current year Restricted Funds 2023 £ - - - - -	Current year Total Funds 2023 £ 32,280 - - - -
32,280	-	32,280
- 25,869 - -	- - - -	- 25,869 - -
25,869	-	25,869
-	-	-
6,411 -	- -	6,411 -
6,411 - - - -	- - - - -	6,411 - - - -
6,411 -	- -	6,411 -

New Covenant Church - Middlesbrough - Statement of Financial Activities for the year ended 1 January 2023

Total funds carried forward 6,411 - 6,411

All activities derive from continuing operations

New Covenant Church - Middlesbrough - Statement of Financial Activities for the year ended 1 January 2023

Statement of application of resources

New Covenant Church - Middlesbrough - Resources applied in the year ended 1 January 2023 towards fixed assets for Charity use:-

New Covenant Church - Middlesbrough - Resources applied in ended 1 January 2023 towards fixed assets for Charity use:-	the year
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	2023 £ 6,411 - - - -
	6,411

New Covenant Church - Middlesbrough - Statement of Financial Activities for the year ended 1 January 2023

Movements in funds

Movements in revenue and capital funds for the year ended 1 January 2023

Revenue accumulated funds

Accumulated funds brought forward (From)/To unrestricted revenue funds Closing revenue funds Exceptional items Costs of fundamental reorganisation or restructuring Net actuarial gains on defined pension benefit schemes Recognised gains and losses before transfers	Unrestricted Funds 2023 £ - 6,411	Restricted Funds 2023 £ - -	Total Funds 2023 £ - 6,411
	6,411 - - - -	- - - - -	6,411 - - - -
	6,411	-	6,411

Summary of Funds

Summary of funds Share capital and share premium Revenue accumulated funds Revenue designated funds Fixed asset funds Revaluation reserve fund Total funds	Unrestricted Restricted and Funds Designated funds 2023 2023 £ £ - - 6,411 - - - - - - - 6,411 -	Unrestricted Restricted and Funds Designated funds 2023 2023 £ £ - - 6,411 - - - - - - - 6,411 -	Total Funds 2023 £ - 6,411 - - -
	6,411	-	6,411

New Covenant Church - Middlesbrough - Statement of Financial Activities for the year ended 1 January 2023

Income and Expenditure account

New Covenant Church - Middlesbrough Income and Expenditure Account for the year ended 1 January 2023 as required by the Companies Act 2006

*Income* Income from operations Gross income in the year before exceptional items Gross income in the year including exceptional items *Expenditure* Charitable expenditure, excluding depreciation and amortisation Depreciation and amortisation Fundraising costs Governance costs Other expenditure Total expenditure in the year Extraordinary items Tax on surplus on ordinary activities Gift Aid donations made Retained surplus for the financial year All activities derive from continuing operations Net income after tax in the financial year Net income before tax in the financial year	2023 £ 32,280
	32,280
	32,280
	500 - - 25,369 -
	25,869
	-
	6,411 -
	6,411 -
	6,411

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

New Covenant Church - Middlesbrough - Balance Sheet as at 1

Fixed assets Intangible assets Tangible assets Heritage assets Investments held as fixed assets Social investments Total fixed assets Current assets Stocks Debtors Investments held as current assets Cash at bank and in hand Total current assets	- - - 11,313	2023 £ - - - - - -
	11,313

Creditors: amounts falling due within one year (4,902) Net current assets 6,411 - Creditors: amounts falling due after more than one year - Provisions for contingent assets - - Defined benefit pension scheme assets - The total net assets of the charity 6,411 Restricted funds Restricted Revenue Funds - Restricted Fixed Asset Funds - Restricted Revaluation Reserve - - *Net assets* *Net assets* The total net assets of the charity are funded by the funds of the charity, as follows:- There are no unanalysed prior period funds

New Covenant Church - Middlesbrough - Balance Sheet as at 1

Unrestricted Funds

----- Start of picture text -----
Called up share capital -
Share premium -
Unrestricted Revenue Funds 6,411
Unrestricted Revaluation Reserve -
-
Designated Funds
Designated Revenue Funds -
Designated Fixed Asset Funds -
-
Pension reserve
-
Total charity funds 6,411
----- End of picture text -----

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.

O. O. Abejide

Trustee Approved by the board of trustees on 6 December 2023