The Charity Registration Number is :- 1190842
New Covenant Church - Bolton
Report and Accounts
31 December 2023
## **Trustees' Annual Report for the year ended 31 December 2023**
The Trustees present their Report and Accounts for the year ended 31 December 2023.
## **Reference and administrative details**
## _**The charity name.**_
The legal name of the charity is:- New Covenant Church - Bolton
The charity is also known by its operating name, New Covenant Church - Bolton
## _**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 1190842
## _**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:-**
Brownlow Way
Bolton,
, BL1 3UB
Temitayo Fabiyi ; Adegbenga Moses Oshin Olasunkanmi Wura Obideyi
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.
1
## **Trustees' Annual Report for the year ended 31 December 2023**
## **Objects and activities of the charity**
## _**The purposes of the charity as set out in its governing document.**_
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
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.
2
## **Trustees' Annual Report for the year ended 31 December 2023**
_**The main activities undertaken during the year 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 Bolton, 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.
3
**Trustees' Annual Report for the year ended 31 December 2023**
**The significant charitable activities undertaken in 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 nonmembers) who seek to 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**
**Charitable activities**
**Youth Ministry**
**Our young adults are engaged in our normal outreach activities. The youths are also engaged in organising youth Christian fellowship among their age brackets. They are involved in distributing food items and hampers to the needy within the community during Easter and Christmas breaks respectively.**
## **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. (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.
## _**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.
4
**Trustees' Annual Report for the year ended 31 December 2023**
## **Financial review**
## _**The charity's financial position at the end of the year ended 31 December 2023**_
The financial position of the charity at 31 December 2023 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_**
**Total Funds**
Restricted revaluation reserve
Unrestricted revaluation reserve
**Net income**
Unrestricted Revenue Funds available for the
general purposes of the charity|**2023**
**£**
290,794
-
-
318,315
-
127,177
-
**445,492**
-
-
-
-
445,492|**2022**
**£**
131,729|
|---|---|---|
|||-|
|||-|
|||131,729
-
(108,761)
-|
|||**22,968**|
|||-
-
-|
|||-|
||||
|||22,968|
## _**Financial review of the position at the reporting date, 31 December 2023 .**_
The trustees consider the financial performance by the charity during the year to have been satisfactory.
5
**Trustees' Annual Report for the year ended 31 December 2023**
## **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;
- 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 17 April 2024.
Temitayo Fabiyi
Trustee
6
## **New Covenant Church - Bolton**
## **Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 31 December 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 31 December 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
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.
7
## **New Covenant Church - Bolton**
## **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 17 April 2024
8
## **New Covenant Church - Bolton - Statement of Financial Activities for the year ended 31 December 2023**
## _**Statement of Financial Activities for the year ended 31 December 2023**_
|**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
**Total expenditure**
Net gains on investments
**Net income for the year**
**Transfers between funds**
**Net income after transfers**
**Other recognised gains/(losses)**
Extraordinary items
**Reconciliation of funds:-**
**Total funds brought forward**
**Total funds carried forward**
**Net movement in funds**
Net gains on revaluation of fixed assets
Net actuarial gains on defined pension
benefit schemes
Costs of fundamental reorganisation or
restructuring|**Current year**
**Unrestricted**
**Funds**
**2023**
**£**
105,703
-
-
-
-|**Current year**
**Restricted**
**Funds**
**2023**
**£**
-
-
-
-
-|**Current year**
**Total Funds**
**2023**
**£**
**105,703**
**-**
**-**
**-**
**-**
**105,703**
**-**
**50,847**
**-**
**-**
**50,847**
**-**
**54,856**
**235,938**
**290,794**
**-**
**-**
**-**
**-**
**290,794**
**22,968**
**313,762**|**Prior Year**
**Total Funds**
**2022**
**£**
157,845
-
-
-
-|
|---|---|---|---|---|
||**105,703**|**-**||**157,845**|
||-
50,847
-
-|-
-
-
-||-
26,116
-
-|
||**50,847**|**-**||**26,116**|
||-|-||-|
||**54,856**
235,938|**-**
-||**131,729**
-|
||**290,794**
-
-
-
-|**-**
-
-
-
-||**131,729**
-
-
-
-|
||**290,794**
22,968|**-**
-||**131,729**
-|
||**313,762**|**-**||**131,729**|
All the prior year transactions were unrestricted items, and no further analysis is required
All activities derive from continuing operations
9
**New Covenant Church - Bolton - Statement of Financial Activities for the year ended 31 December 2023**
10
## **New Covenant Church - Bolton - Statement of Financial Activities for the year ended 31 December 2023**
## _**Last year's SOFA - Analysis required by 4.2 of the SORP**_
|**Income 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
**Total expenditure**
**Net income for the year**
**Transfers between funds**
**Net income after transfers**
**Other recognised gains/(losses)**
**Reconciliation of funds:-**
**Total funds brought forward**
**Total funds carried forward**
**Net movement in funds**
Net gains on investments|**Prior Year**
**Unrestricted**
**Funds**
**2022**
**£**|**Prior Year**
**Restricted**
**Funds**
**2022**
**£**|**Prior Year**
**Total Funds**
**2022**
**£**
**_131,729_**
**_-_**
**157,845**
**-**
**-**
**-**
**-**
157,845
**-**
**26,116**
**-**
**-**
**26,116**
**-**
**131,729**
**108,761**
240,490
**-**
**240,490**
**-**|
|---|---|---|---|
||**131,729**|||
||**0**|**0**||
||-
-
-
-
-|-
-
-
-
-||
||-|-||
||-
-
-
-|-
-
-
-||
||**-**|**-**||
||-
-
(108,761)|-
-
-||
||(108,761)
-|-
-||
||**(108,761)**
-|**-**
-||
||**(108,761)**|**-**|**240,490**|
**All activities derive from continuing operations**
11
**New Covenant Church - Bolton - Statement of Financial Activities for the year ended 31 December 2023**
12
## **New Covenant Church - Bolton - Statement of Financial Activities for the year ended 31 December 2023**
## **Statement of application of resources**
**New Covenant Church - Bolton - Resources applied in the year ended 31 December 2023 towards fixed assets for Charity use:-**
|**2023 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**|**2023**
**£**
290,794
(313,995)
-
-
-
**(23,201)**|**2022**
**£**
131,729
-
-
-
-|
|||**131,729**|
**The resources applied on fixed assets for charity use represents the cost of additions less depreciation..**
13
**New Covenant Church - Bolton - Statement of Financial Activities for the year ended 31 December 2023**
## _**Movements in funds**_
## **Movements in revenue and capital funds for the year ended 31 December 2023**
## **Revenue accumulated funds**
|Accumulated funds brought forward
(From)/To unrestricted revenue funds
**Closing revenue funds**
Net actuarial gains on defined pension benefit
schemes
Recognised gains and losses before transfers
Exceptional items
Costs of fundamental reorganisation or
restructuring|**Unrestricted**
**Funds**
**2023**
**£**
22,968
54,856|**Restricted**
**Funds**
**2023**
**£**
-
-|**Total**
**Funds**
**2023**
**£**
22,968
54,856
**77,824**
235,938
-
-
-
**313,762**|**Last year**
**Total Funds**
**2022**
**£**
**-**
131,729|
|---|---|---|---|---|
||**77,824**
235,938
-
-
-|**-**
-
-
-
-||**131,729**
(108,761)
-
-
-|
||**313,762**|**-**||**22,968**|
|**_Fixed Asset funds_**|**_Fixed Asset funds_**|**_Fixed Asset funds_**|||
|---|---|---|---|---|
|**Fixed asset funds**
**Designated**
**Restricted**
**Funds**
**Funds**
**2023**
**2023**
**£**
**£**
At 1 January
-
-
Transfer (to)/from revenue funds
-
-
**At 31 December**
**-**
**-**|||**Total**
**Funds**
**2023**
**£**
-
-
**-**|**Last year**
**Total Funds**
**2022**
**£**
-
-
**-**|
||**-**|**-**|||
||||||
|**_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**
**£**
**£**
-
-
186,585
-
127,177
-
-
-
-
-
**313,762**
**-**||**Total**
**Funds**
**2023**
**£**
**131,729**
**-**
**-**
**186,585**
**127,177**
**-**
**-**
**445,491**|**Last Year**
**Total Funds**
**2022**
**£**
-
131,729
(108,761)
-
-
**22,968**|
||**313,762**|**-**|||
14
## **New Covenant Church - Bolton - Statement of Financial Activities for the year ended 31 December 2023**
## _**Income and Expenditure account**_
## **New Covenant Church - Bolton**
**Income and Expenditure Account for the year ended 31 December 2023 as required by the Companies Act 2006**
|**_Income_**
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 subsidiiary undertaking
Income from investments, other than interest receivable
Interest receivable
Other operating income
**Gross income in the year before exceptional items**
**_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
**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**
Investment income|**2023**
**£**
105,703
-
-
-
-
-
-
**105,703**
**-**
**-**
**-**
**-**
**-**
**105,703**
**40,969**
**8,778**
**-**
**1,100**
**-**
**50,847**
**-**
54,856
-
**54,856**
**-**
**54,856**|**2022**
**£**
157,845
**-**
-
-
-
-
-|
|---|---|---|
|||**157,845**
**-**
**-**
**-**
**-**
**-**|
|||**157,845**|
|||**25,616**
**-**
**-**
**500**
**-**|
|||**26,116**|
|||**-**|
|||131,729
-|
|||**131,729**
**-**|
|||**131,729**|
||||
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.
15
## **New Covenant Church - Bolton - Balance Sheet as at 31 December 2023**
|**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**|-
-
-
1,851|**2023**
**2022**
**£**
**£**
-
-
312,612
7,395
-
-
-
-
-
-
312,612
7,395
-
-
-
15,573
15,573|
|---|---|---|
||1,851||
||||
|**Creditors: amounts falling due within**
**one year**
(700)
-
**Net current assets**
1,151
15,573
-
-
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**
313,763
22,968
**131,729**
**131,729**
**-**
**-**
**_Net assets_**
**_Net assets_**
**The total net assets of the charity are funded by the funds of the charity, as follows:-**|||
16
## **New Covenant Church - Bolton - Balance Sheet as at 31 December 2023**
|**Restricted funds**
Restricted Revenue Funds
Restricted Fixed Asset Funds
Restricted Revaluation Reserve
**Unrestricted Funds**
Called up share capital
Share premium
Unrestricted Revenue Funds
Unrestricted Revaluation Reserve
**Designated Funds**
Designated Revenue Funds
Designated Fixed Asset Funds
**Pension reserve**
**Total charity funds**||-
-
-
-
-
-
-
-
-
-
-
54,857
-
-
-
-
127,177
(108,761)
-
-
-
-
-
313,763
22,968|
|---|---|---|
||-
-||
||-||
||||
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.
## **Temitayo Fabiyi**
Trustee Approved by the board of trustees on 17 April 2024
17
## **New Covenant Church - Bolton**
## **Detailed analysis of income and expenditure for the year ended 31 December 2023 as required by the SORP 2015**
## **Donations and Legacies**
|**Donations and Legacies**|||||
|---|---|---|---|---|
||**Current year**
**Unrestricted**
**Funds**
**2023**
**£**|**Current year**
**Restricted**
**Funds**
**2023**
**£**|**Current year**
**Total Funds**
**2023**
**£**|**Prior Year**
**Total Funds**
**2022**
**£**|
|**_Donations and gifts from individuals_**|||||
|**Donations and gifts from individuals**
**Total Donations and Legacies**
**Total donations and gifts from individuals**|105,703|-|**105,703**|157,845|
||**105,703**|**-**|**105,703**|**157,845**|
||||||
||**105,703**|**-**|**105,703**|**157,845**|
## **78 Expenditure on charitable activities - Direct spending**
|Employers' NI - Charitable activities
Gross wages and salaries - charitable activities|**Current year**
**Unrestricted**
**Funds**
**2023**
**£**
-
-|**Current year**
**Restricted**
**Funds**
**2023**
**£**
-
-|**Current year**
**Total Funds**
**2023**
**£**
**-**
**-**|**Prior Year**
**Total Funds**
**2022**
**£**
1,000
-|
|---|---|---|---|---|
||||||
|**Total direct spending**
Defined contribution pension costs - charitable
activities
Defined benefit pension costs - charitable
activities
Mission
Welfare
Honourarium|-
-
13,335
3,589
7,269
|-
-
-
-
-|**-**
**-**
**13,335**
**3,589**
**7,269**|-
-
2,817
4,500
1,100|
||**24,193**|**-**|**24,193**|**9,417**|
||||||
||||||
18
## **New Covenant Church - Bolton**
## **Detailed analysis of income and expenditure for the year ended 31 December 2023 as required by the SORP 2015**
|**Support costs for charitable activities**|||||
|---|---|---|---|---|
||**Current year**|**Current year**|**Current year**|**Prior Year**|
||**Unrestricted**|**Restricted**|**Total Funds**|**Total Funds**|
||**Funds**|**Funds**|||
||**2023**|**2023**|**2023**|**2022**|
||**£**|**£**|**£**|**£**|
|**_Employee costs not included in direct costs_**|||||
|Cost of salaries recharged to other|-|-|**-**|-|
|organisations|||||
|Employers' NI - Recharged salaries|-|-|**-**|-|
|Defined benefits pension costs - recharged|-|-|**-**|-|
|employees|||||
|Defined contribution pension costs - recharged|-|-|**-**|-|
|employees|||||
|Salaries - Administrative staff|-|-|**-**|-|
|Defined benefit pension cost - administrative|-|-|**-**|-|
|staff|||||
|Defined contribution pension cost -|-|-|**-**|-|
|administrative staff|||||
|Employers' NI - Administrative staff|-|-|**-**|-|
|Temporary staff and recruitment|-|-|**-**|-|
|Other salaries|-|-|**-**|-|
|Employer's NI - Other salaries|-|-|**-**|-|
|Defined benefit pension costs - Other salaries|-|-|**-**|-|
|Defined contribution pension costs - Other|-|-|**-**|-|
|salaries|||||
|Training - staff|594|-|**594**|-|
|Payroll fees and charges|-|-|**-**|-|
|Travel and subsistence - staff|-|-|**-**|-|
|**_Volunteer costs_**|||||
|Volunteers' expenses|-|-|**-**|-|
|Child Care for volunteers|-|-|**-**|-|
|Training and welfare - volunteers|-|-|**-**|-|
|Travel and subsistence - volunteers|-|-|**-**|-|
|Motor expenses - volunteers|-|-|**-**|-|
|Homeworkers' allowance - volunteers|-|-|**-**|-|
|Volunteers' costs - spare 1|-|-|**-**|-|
|Volunteers' costs - spare 2|-|-|**-**|-|
|**_Premises Expenses_**|||||
|Room Hire|280|-|**280**|-|
|Light heat and power|2,359|-|**2,359**|1,011|
|Cleaning and waste management|160|-|**160**|318|
|Premises repairs, renewals and maintenance|2,869|-|**2,869**|1,750|
|Premises repairs, renewals and maintenance|-|-|**-**|-|
|Property insurance|850|-|**850**|-|
|**_Administrative overheads_**|||||
|Telephone, fax and internet|706|-|**706**|104|
|Postage|-|-|**-**|-|
|Stationery and printing|2,221|-|**2,221**|420|
|Subscriptions|165|-|**165**|-|
|Motor Expenses|976|-|**976**|-|
|Hire of equipment|538|-|**538**|7,393|
|Internet|-|-|**-**|449|
|Water Rate|522|-|**522**|695|
|Service Charge|756|-|**756**|536|
|Contribution to Centre|3,780|-|**3,780**|184|
19
## **New Covenant Church - Bolton**
## **Detailed analysis of income and expenditure for the year ended 31 December 2023 as required by the SORP 2015**
|**_Professional fees paid to advisors other than the auditor o_**
-
-
-
**_Financial costs_**
8,778
-
**Support costs before reallocation**
**25,554**
**_Less support costs reallocated to specific activities_**
To charitable trading costs
-
To grant making costs
-
To costs of raising funds
-
To non charitable costs
-
**Total support costs**
**25,554**
Management fees
Consultancy fees
Bank interest payable
Depreciation & Amortisation in total for the
Other legal and professional|**_Professional fees paid to advisors other than the auditor o_**
-
-
-
**_Financial costs_**
8,778
-
**Support costs before reallocation**
**25,554**
**_Less support costs reallocated to specific activities_**
To charitable trading costs
-
To grant making costs
-
To costs of raising funds
-
To non charitable costs
-
**Total support costs**
**25,554**
Management fees
Consultancy fees
Bank interest payable
Depreciation & Amortisation in total for the
Other legal and professional|**_r examiner_**
-
-
-
-
-|**-**
**-**
**-**
**8,778**
**-**|-
2,579
760
-
-|
|---|---|---|---|---|
|||**-**
-
-
-
-|**25,554**
**-**
**-**
**-**
**-**|**16,199**
-
-
-
-|
||**25,554**|**-**|**25,554**|**16,199**|
## **Other Expenditure - Governance costs**
|Independent Examiner's fees
Auditor's fees
Trustees' remuneration
Trustees' expenses
**Total Governance costs**|**Current year**
**Unrestricted**
**Funds**
**2023**
**£**
1,100
-
-
-|**Current year**
**Restricted**
**Funds**
**2023**
**£**
-
-
-
-|**Current year**
**Total Funds**
**2023**
**£**
**1,100**
**-**
**-**
**-**|**Prior Year**
**Total Funds**
**2022**
**£**
500
-
-
-|
|---|---|---|---|---|
||**1,100**|**-**|**1,100**|**500**|
## **Total Charitable expenditure**
|**Total Charitable expenditure**|||
|---|---|---|
|Total direct spending
Total charitable trading costs
Total grantmaking costs
Total support costs
Total Governance costs
Movements in provisions and
commitments
**Total charitable expenditure**|**Current year**
**Unrestricted**
**Funds**
**2023**
**£**
24,193
-
-
25,554
1,100
-|**Current year**
**Current year**
**Prior Year**
**Restricted**
**Funds**
**Total Funds**
**Total Funds**
**2023**
**2023**
**2022**
**£**
**£**
**£**
-
**24,193**
9,417
-
**-**
-
-
**-**
-
-
**25,554**
16,199
-
**1,100**
500
-
**-**
-|
||**50,847**|**-**
**50,847**
**26,116**|
20
## **New Covenant Church - Bolton**
**Detailed analysis of income and expenditure for the year ended 31 December 2023 as required by the SORP 2015**
21