COMPANY REGISTRATION NUMBER: CE025626 CHARifi REGISTRATION NUMBER: 1193885 Hesket Newmarket Free Church Charitable Incorporated Organisation Unaudited Financial Statements 5th April 2024
Hesket Newmarket Free Church Charitable Incorporatsd Organisation Flnancial Statements Year ended 5th Aprll 2024 Page Trustees, annual report Indeperxlent examineffs report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements
Hesket Newmarkel Free Church Charitable Incorporatad Organlsation Trustees. Annual Report Year ended 5th April 2024 The tnJste6s, who are also th8 directors for the purposes of Gornpany law, present their report and the unaudited financial statements of the charity for the year ended 5th April 2024. Reference and admlnlstratlve detalls R*gistered charfty name Heskel Newmarket Free Church Charlty reglstratlon number 1193885 Company reglstration number CE025626 Prlnclpal office and registered Toll Bar Farm office High He5ket Carlisle Cumbria CA4 OHR The Irustegs Mr P J StDbart Mr R J Stobart MrRPDix Mr M Ainsworth Mr J Webb Mr G Harris MrAMWade (Appointed 16th Febnjary 2024) Company secretary Mrs M Harris Independent examlner Mr M Uppard FCA 31 Lonsdale Sireel Carlisle Cumbria CA1 1BJ Strurture, governance and management The Gharity 15 sel up as a Charitable Incorporated Organisalion and is governed by the Trustees in accordancE with Ihe chUh Constitution and handboo
Hesket Newmarket Free Church Charitsble Incorporated Organisation Trustees. Annual Report (conttnued) Year ended 5th Aprll 2024 Oblectlves and activitiès The purposes of the church are,. The advaneemenl of the Christian faith primarily. bul not exclusively, in the Heskel Newmarket Cumbria area ané surrounding district such other charitable purposes as shall, in the opinion of the Trustees, pul into practice the Christian faith in accordance with the basis of faith, including. but not limited to.. the prevention and relief of need hardship and sickness,. the advancement of education.. and the provision of facilities in the interests of social welfare for recreation or other leisure lime ocoJp8tion of indNiduals who have need of such facilities. Strategic rèport The following S110¥ for achievem8nls and performance and financial review fcffm th8 strategic report of the charty.
Hesket Newmarket Free Church Charitable Incorporated Organlsation Trustees. Annual Report (COhllftu8dJ Year ended 5th Aprll 2024 Achigvomgnts and pgrformance During the period under review meetings were held in the Caldbeck Parish Hall unless It was not available, when meetings were held al the Chapel in Heskel Newmarket. The Hall offers more Space and facilities for a growing congregation. for activities for juniors and p05t service refreshments. The Trustees acknowledge the help and support of the Parish Hall Trustees in making the hall available to us. The church sèrvices a open to all who wish to allend and during this period the church has been encouraged by a small but continued increase in the congregation. The Trustees seek lo maintain a ministry which helps people to explain the Bible and il's message of Good News, lo grow their faith, to come lo seek and to know the Lord Jesus Christ as Lord 2nd Saviour, and lo be a blessing to the wider community In which we are situated. The Community Hub which began as a "Warm Space" in November 2022 has since become a weekly event, continuing throughout the year, apart from short breaks over the Christmas period and th8 summer. This has been made possible by a team of committed volunteers from among the Church's membership. The Hub is open from 10.30am to 3.00pm. refreshments are provided all day, with a soup lunch al midday. Around a dozen folk attend regularfy. enjoying crafts. activities games and Gompanionship. It is open to all. The Trustees acknowledge the work of Northem Fells Group whose millibus enables some from the more remote villages lo come to the Hub. The church also, along with other churches in the area, supports five local schools by contributing to school assemblies, by the presentation of bible stories through drama and song. This is done under the auspices of the international charity The Bible Society. whose Open the Book project has over 2.000 teams of volunteers nationwide, with an increasing number of teams now established overseas. The Trustees also are pleased lo be able to make donations in support of charitsble works of Christian ministy In leachln9. mercy. medical and economic relief in various parts of the world. As mentioned in the previous report. the church appointed Andy Wadg as paid elderl minister, on a part lime basis In October 2023. Supported by his wrfe Lindsey, he has served the church faithfully th enthusiasrn and comtnilmenl. and brought much blessing in growth and encouragement to members, the wider wngregation and the Community. It is hoped that we will be able to increase his contracted hours in the near futu. Publlc benellt The Trustees have complied under their duty in the Charities Act to have regard lo the public benefit guidance, published by the Charity Commission in Dember 2013, 'when exercising any powers or duties lo which the guidance is relevant,. The Trustees confim that they have complied with th8 Charities (Accounts and Reports) Regulations 2008 requiring charity truslees to include a stalemenl in thelr trustees, annual report 28 to whether they have complied with that duly
Hesket Newmarket Free Church Charitable InGorporated Organisation Trustees. Annual Report (¢onfrnued) Year ended 5th April 2024 Flnancial revlew The Charity receives income mainly from voluntary giving, with regular commilled giving by many memb8rs, plus other grfts given al services of worship. Where donors are able to make grfts under a Gift Aid declaration, income lax is recovered from HMRC. All income is retained in the Charity's bank account until expended. The Trustees regularly review the amount of fvjnds needed lo be retained lo maintain the Charity's activities for at least six months, as well as considÈring other avenues of ministry which will ftjrther the ChariWs objectives. The Trustees are grateful to God for an increase in giving in the year under review, which as mentioned earlier, may make it possible lo increase the number of hours of the paid elder. The trustees. annual repcKt and the strategic report were approved on 16th January 2025 and signed on behalf of the board of trustees by.. Mr P J Slobart Truslee
Hesket Newmarket Free Church Charitable Incorporated Organlsatlon Independent Examinerfs Report to the Trustees of Hesket Newmarket Free Church Year ended 5th April 2024 I report lo the trustee5 on my examination of the financial Statemenls of Heskel Newmarket Free Church (Ihe chariV} for the year ended 5th April 2024. Responsibllitles and basls of rèport As the ¢harity's trustees of the organisalion, you are responslbl8 for the preparation of the accounts in acGordance with the requirements of the Charities Acl 20111'lhe Acl'l. I report in respect of my examination of your charity's g¢wunls as carried out under section 145 of the Charities Act 2011 I'lhe 2011 AGI'}. In rryIng out my examination I have followed the Directions given by th8 Charity Commission under section 145{51 Ibl of the 2011 Art. Independent examlneffs sLitement I have completed my examlnation. I confirm that no matters have come to my attention in Gonneclion wllh the examlnation gNlng me cause to believe.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act,. or the financial statements do not accord with those records,. or the financial slalemenls do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination., or the financial slalemenls have not bgen prepared in accordance th the methods and principles of the Statement of Recommended Practice for accountlng and reporting by charities applicable lo charities preparing their accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. I have no concerns and have com8 a which allenlion should be draw this accounts to be reached. no other matters in connection with the examination to eport in order lo enable a proper understanding of the Mr M Uppard FCA Independent Examiner 31 Lonsdale Street Carlisle Cumbria CA1 1BJ 16Jan 25
Hesket Newmarket Free Church Charitable Incorporated Organisation statement of Financial Activities (including income and expenditure account) Year ended 5th Aprll 2024 Period from 1Apr2210 5Apr23 Year to 5 Apr 24 UnreslrÉcted funds Total funds Total funds Income and endowments Donations and legacies Total Income 38,579 38.579 20,471 20.471 38.579 38.579 Exp8ndlture Expenditure on charitable activities Total expgndituro 26.715 26.715 24,443 24,443 26,715 26.715 Net Incomd{expendlturg) and net movement in funds 11,864 11.864 {3.972) Rèconciliation of funds Total funds brought forward Total funds ¢arrled fopAvrd 42,954 42,954 46.926 54,818 54,818 42.954 Th8 Statement of financial activities includes all gains and losses rec•ognised in the year. All income and expenditure derive from continuin9 activities. Th• not•s on pages 8 to 12 form part of thgse financlal statomonts.
Hesket Newmarket Free Church Charitablo Incorporated Organisation Statement of Financial Position 5th April 2024 2024 2023 Current assets Cash al bank artd in hand 54,818 54,818 54,818 42.954 42,954 42,954 Net current assets Total assets less current Ilabllltl8s Funds of the charity Unreslricl8d funds 54,818 54.818 42.954 42.954 Total Gharlty funds 11 For the year ending 5th April 2024 the chanty was antllled lo exemption from audit under sectlon 477 of the Companies Act 2006 relalirvJ lo small companles. Dlrectors, responsibilities- The members have not required the company to obtain an audit of its financlal statements for the year in question in accordance with sectlon 476.. The directors acknovledge their responsibilities for comptying with the requirements of the Act with r8spect to accounting records and the preparation of financial 5talemenls. These financial statements have been prepared in accordance with the provisions applicable to ompanies subjocl to the small companies, regime. These financial statements were approved by the board of buslees and authorised for issue on 16 Jan 25, and are signed on behalf of the board by.. Mr P J Slobart Trustee 161il£g Th• notss on pageB 8 to 12 forni part of th080 flnanclal $tatsm•nts.
Hesket Newmarket Free Church Charitable Incorporated Organisation Notes to the Flnanclal Statements Year ended 5th April 2024 General infomiation Heskel Newmarket Free Church was entered on the Register of Charities as a Charitable Incorporated Organisalion{CIO) on 22 March 2021 under the charity numb8r 1193885.lt acquiffjd the assets and liabilities of the previous unincorporated charity of the same name. Thi5 report of the Trustees of the CIO covers the year lo 5th April 2024. Statement of compliance These financial slalem8nts have been prepared in compliance with FRS 102, The Financ*al Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practs'ce applica8 to charities preparing their accounts in accordance with the Financial R8POrting Standard applicable in the UK and Republic of Ireland IFRS 102} {Charilies SORP IFRS 102)) and the Companies Act 2006, AGGountlng poliGies Basis of preparation The flnanclal statements have been prepared on the historical cost basis, as modffied by the rev8lualSon of certain financial assets and liabilrties and investment properties measured al fair value through income or expenditure. The financial slalemenls are prepared Sn stsrling, which is the functional ¢urren¢y of the entily. Golng concern There are no material uncertalntles about the charity's ability to continue. Disclosure exemptlons As such, advantage has been taken of the following di$Glosure exemptions av8ilable under paragraph 1.12 of FRS 102: (al No cash flow statement has been presented for the company. (bl Disclosures in respect of financial instruments have not been presented. Judgements and key sources of estlmation uncortainty The preparation of the financial statements requires management to make judgements. estimates and assumplions that affect the amounts reported. These estlmates and judgements are continually reviewed and are based on experlence and other factors, Including expectations of future events that are believed to be reasonable under the clrCumstsn$.
Hesket Newmarket Free Church Charitabla Incorporated Organisation Notes to the Financial Statements (¢ontlnuo¢1) Year ended 5th April 2024 AGrounting polioi95 (¢onllnue¢lJ Fund accountlng Unresiricled funds are avallable for use at the discretion of the Iruslees to further any of the charity's purposes. Designated funds are unrestricted fvnds earmarked by the trustees for particular fUbj project or commitment. Reslrrcted funds are subjected to restrictions on Iheir expendtture de¢lared by the donor or through the terms of an appeal, and fall into one of two sub-classes: reslri¢led income funds or endowment funds. Incoming resources l inGoming resources are included in the statement of financial a¢livilies when entitlement has passed to the charity-, il is probable that the economic benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. The follwng spectfic policies are applied to particular categories of income- income from donations or grants is recognised when th8re is evidence of entitlement to the gift, r8ceipl is probable and ils amount can be measured reliably. legacy incom8 is recognised when receipt is probable and enliuement is eslablished. income from donated goods Is measured at the fair value of the goods unless this is impractical lo measure reliably, in which case the value is derived from the cost lo the donor or the estimated resale value. Donated facilities and services are recognised in Ihe accounts when received rf the value can be reliably measured. No amounts are included for the contribution of general volunteers. In¢ome from Contracts for the supply of servicos is rewgnised with the éelivery of the contracted service. This is classrfied as unrestricted funds unless there is a contractual requirement for il lo be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Hesket Newmarket Free Church Charltable Incorporated Organisation Notes to the Financial Statements (conllnuedj Year ended 5th Aprll 2024 Accounting policias f¢onNnugd) Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classifted under headings of the Statement of financial activities lo which il relates-. expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. expendthjre on charitable activities includes all costs incurred by a charlty In undertaking actNities that fLJrther ils charitable aims for the benefit of ils beneficiaries. Including those support costs and costs relating to the governance of the charity apportloned to charitable activities. other expenditure indudes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All cost$ are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justrfiable and consistent basis. Financial instruments Current assets and current liabilities are subsequently measured at the cash or other consideration expeoted lo be paid or received and not discounted. Llability of member¥ to contrlbute to the assets of the GhurGh If It18 wound up If the Church is wound up, the members of the Church have no liability to ¢ontribute to its assets and no personal responsibility for settling its debts and liabilities. Donations and1ggaGios Unrestricted Total Funds Unrestrlcted Total Funds Funds 2024 Funds 2023 Donatlons Regular Donalions Offerings Room Hi Gift Aid Legacies & Donations Eden District Council Special Events 25.900 3,793 700 7.436 25.900 3,793 700 7.436 16,765 1,473 16.755 1.473 1.300 40 1.300 750 750 38.579 38,579 20,471 20,471 10
Hesket Newmarket Free Church Charitable Incorporatad Organisation Notes to the Financial Statements (continu•d) Year ended 5th April 2024 Expenditure on Charltable actlvltles by fund type Unrestricted Total Funds Unreslricled Total Funds Funds 2024 Funds 2023 Promotion of christian leaching 26.715 26.715 24,443 24,443 Expenditure on Charitable activities by activity type Actlvlties undertak8n Total funds directly 2024 Total fund 2023 Promotion of christian leaching 26,715 26,715 24,443 Indgpendent examlnatlon feos No charge is made by the independent examiner in relation to the preparation of these accounts. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follow5- Period from 1Apr2210 SApr23 Yoar to 5Apr24 Wages and salaries 9,635 The average head count of employees during the year was 13 {2023'. 121. The average number of full-lime equivalent employees during the year is analysed as follows.. 2024 No. 2023 No. Number of staff - Remunerated Pastor Number of staff - Unpaid Volunteers 12 13 12 No employee received employee benefits of more than £60,000 during the year (2023: Nil}. 10. Trustee remuneration and eXn888 No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 11
Hesket Newmarket Free Church Charitable Incorporated Organisation Notes to the Financial Statements (¢onllnuedJ Year ended 5th April 2024 11. Analysls of charltablg funds Unréstridad funds At 6th April 2023 Al Income Expendlture 5th April 2024 General fvnds 42,954 38,579 (26.715} 54.818 Al 1st April 2022 At Income Expenditure 5th Aprll 2023 General funds 46,926 20,471 (24.443) 42.954 12. Analysls of not a880ts botweon fund8 Unrestrlcted Total Funds Funds 2024 Current assets 54,818 54,818 Unrestricted Total Funds Funds 2023 Current assets 42,954 42,954 12