2024-12-31-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

31 December 2024

New Covenant Church - Middlesbrough

Trustees' Annual Report for the period from 2 January 2024 to 31 December 2

The Trustees present their Report and Accounts for the period ended 31 December 2024.

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.

The charity does not operate in any overseas jurisdictions.

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.

New Covenant Church - Middlesbrough

Trustees' Annual Report for the period from 2 January 2024 to 31 December 2

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

Grove Hill Community Hub Bishopton, Middlesbrough , TS4 2RP

The Trustees in office on the date the report was approved were:-

Mr O O Abejide ; Mrs M.A Abejide Ms S. Ileso

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.

All the trustees are also members of the charity.

Objects and activities of the charity

The purposes of the charity as set out in its governing document.

Objectives and aims

The objectives of the church are set out in the CIO document:

1.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.

2.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. �

New Covenant Church - Middlesbrough

Trustees' Annual Report for the period from 2 January 2024 to 31 December 2

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

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.Places of Worship

The Charity commits to the promotion of the Christian Faith by leasing on a weekly basis a place in the centre of Middlesbrough, 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." �

New Covenant Church - Middlesbrough

Trustees' Annual Report for the period from 2 January 2024 to 31 December 2

Structure, governance and management of the charity

The methods used to recruit and appoint new charity trustees.

"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 for interview to be a member of the charity's board of trustees.

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." �

The charity's organisational structure.

Governing document

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

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 Church Charity Number 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.

�

New Covenant Church - Middlesbrough

Trustees' Annual Report for the period from 2 January 2024 to 31 December 2

Financial review

The charity's financial position at the end of the period ended 31 December 2024

The financial position of the charity at 31 December 2024 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Called up share capital Share premium account Designated Revenue Funds Designated Fixed Asset Funds *Total Unrestricted Funds* Restricted Revenue Funds Restricted Fixed Asset Funds *Total Restricted Funds* Net income Unrestricted revaluation reserve Unrestricted Revenue Funds available for the general purposes of the charity Restricted revaluation reserve	31/12/24 £ 15,057 - - 33,722 - - - 33,722 - - - -	1/1/24 £ 18,665
		-
		-
		18,665 - - -
		18,665
		- - -
		-

Availability and adequacy of assets of each of the funds

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

Details of The Independent Examiner

Theo Sehindemi

Member of Certified Accountants

148 Sandy Lane South Wallington Surrey SM6 9NR

New Covenant Church - Middlesbrough

Trustees' Annual Report for the period from 2 January 2024 to 31 December 2

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) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (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;
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 4 October 2025.

O O Abejide Trustee

New Covenant Church - Middlesbrough

Report of the Independent Accountant to the Trustees of the charity on the accounts for the period ended 31 December 2024

We report on the financial statements of New Covenant Church - Middlesbrough for the period ended 31 December 2024, as set out on pages 12 to 20, which comprise the Statement of Financial Activities, the Income and Expenditure Account, the Balance Sheet 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) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) under the historical cost convention, and in accordance with the accounting policies set out on page 19, which framework constitutes the applicable United Kingdom Generally Accepted Accounting Practice.

Respective responsibilities of the directors and the accountant

As described on page 9, 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.

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:-

Theo Sehindemi - Independent Accountant

Certified Accountants

148 Sandy Lane South Wallington Surrey SM6 9NR

This report was signed on 4 October 2025

New Covenant Church - Middlesbrough - Statement of Financial Activities for the period ended 31 December 2024

Statement of Financial Activities for the period ended 31 December 2024

Income & Endowments from: Donations & Legacies Charitable activities Other trading activities Investments Other Total income Expenditure on: Raising funds Charitable activities Other Tax on surplus on ordinary activities Other taxation Total expenditure Net gains on investments Net income for the year Transfers between funds Net income after transfers Other recognised gains/(losses) Extraordinary items Costs of fundamental reorganisation or restructuring Net gains on revaluation of fixed assets Net actuarial unrealised gains on defined pension benefit schemes Net movement in funds Net actuarial realised gains on defined pension benefit schemes	Current year Unrestricted Funds 31/12/24 £ 20,117 - - - - 20,117 - 5,060 - - - 5,060 - 15,057 - 15,057 - - - - - 15,057	Current year Restricted Funds 31/12/24 £ - - - - - - - - - - - - - - - - - - - - - -	Current year Total Funds 31/12/24 £ 20,117 - - - - 20,117 - 5,060 - - - 5,060 - 15,057 - 15,057 - - - - - 15,057	Prior Year Total Funds 1/1/24 £ 24,254 - - - -
				24,254
				- 5,589 - - -
				5,589
				-
				18,665 -
				18,665 - - - - -
				18,665

New Covenant Church - Middlesbrough - Statement of Financial Activities for the period ended 31 December 2024

Reconciliation of funds:- Total funds brought forward Total funds carried forward	18,665 33,722	- -	18,665 33,722	-
				18,665

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

All activities derive from continuing operations

New Covenant Church - Middlesbrough - Statement of Financial Activities for the period ended 31 December 2024

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

Income & Endowments from: Donations & Legacies Charitable activities Other trading activities Investments Other Total income Expenditure on: Raising funds Charitable activities Other Tax on surplus on ordinary activities Other taxation Total expenditure Net income for the year Net income after transfers Other recognised gains/(losses) Total funds brought forward Total funds carried forward Net movement in funds Net gains on investments	Prior Year Unrestricted Funds 1/1/24 £ 24,254 - - - - 24,254 - 5,589 - - - 5,589 - 18,665 18,665 - 18,665 - 18,665	Prior Year Restricted Funds 1/1/24 £ - - - - - - - - - - - - - - - - - - - - -	Prior Year Total Funds 1/1/24 £ 24,254 - - - - 24,254 - 5,589 - - - 5,589 - 18,665 18,665 - 18,665 -
			18,665

New Covenant Church - Middlesbrough - Statement of Financial Activities for the period ended 31 December 2024

All activities derive from continuing operations

New Covenant Church - Middlesbrough - Statement of Financial Activities for the period ended 31 December 2024

New Covenant Church - Middlesbrough - Statement of Financial Activities for the period ended 31 December 2024

Movements in funds

Movements in revenue and capital funds for the period from 2 January 2024 to 31 December 2

Revenue accumulated funds

Accumulated funds brought forward Closing revenue funds Recognised gains and losses before transfers	Unrestricted Funds 31/12/24 £ 18,665 15,057 33,722 33,722	Restricted Funds 31/12/24 £ - - - -	Total Funds 31/12/24 £ 18,665 15,057 33,722 33,722	Last year Total Funds 1/1/24 £ - 18,665 18,665 18,665
*Summary of Funds*
Summary of funds Unrestricted and Designated funds 31/12/24 £ Share capital and share premium - Revenue accumulated funds 33,722 Revenue designated funds - Fixed asset funds - Revaluation reserve fund - Total funds 33,722		Restricted Funds 31/12/24 £ - - - - - -	Total Funds 31/12/24 £ - 33,722 - - - 33,722	Last Year Total Funds 1/1/24 £ - 18,665 - - - 18,665

New Covenant Church - Middlesbrough - Statement of Financial Activities for the period ended 31 December 2024

Income and Expenditure account

New Covenant Church - Middlesbrough Income and Expenditure Account for the period from 2 January 2024 to 31 December 2024 as required by the Companies Act 2006

*Income* Income from operations Other operating income Gross income in the period before exceptional items *Exceptional items:* Realised gains on disposals of social investments which are programme related Realised gains on disposals of heritage assets Spare heading for realised gains and losses- replace with text Gross income in the period including exceptional items *Expenditure* Charitable expenditure, excluding depreciation and amortisation Governance costs Realised net actuarial losses on defined benefit schemes Costs of fundamental reorganisation or restructuring Total expenditure in the period Extraordinary items Tax on surplus on ordinary activities Gift Aid donations made Retained surplus for the financial year Net income after tax in the financial year Net income before tax in the financial year	31/12/24 £ 20,117 - 20,117 - - - 20,117 4,660 400 - - 5,060 - 15,057 - 15,057 - 15,057	1/1/24 £ 24,254 -
		24,254 - - -
		24,254
		4,389 1,200 - -
		5,589
		-
		18,665 -
		18,665 -
		18,665

All activities derive from continuing operations

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 31 December

Fixed assets Intangible assets Tangible assets Total fixed assets Current assets Debtors Cash at bank and in hand Total current assets	- 33,722	31/12/24 1/1/24 £ £ - - - - - - - 18,665 18,665
	33,722

Creditors: amounts falling due within one year - Net current assets Creditors: amounts falling due after more than one year Provisions for contingent assets . The total net assets of the charity Restricted funds Restricted Revenue Funds - Restricted Fixed Asset Funds - Restricted Revaluation Reserve - Unrestricted Funds Called up share capital - Share premium - Unrestricted Revenue Funds 33,722 Unrestricted Revaluation Reserve - The total net assets of the charity are funded by the funds of the *Net assets* Defined benefit pension scheme assets *Net assets*	-	- 33,722 18,665 - - - - - - - - - - 33,722 18,665 - - - - - - 18,665 - 33,722 18,665 charity, as follows:-
	- - 33,722 -

New Covenant Church - Middlesbrough - Balance Sheet as at 31 December

Designated Funds Designated Revenue Funds - - Designated Fixed Asset Funds - - - - Pension reserve - - Total charity funds 33,722 18,665

The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.

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 4 October 2025