The Charity Registration Number is :- 1194414
NEW COVENANT CHURCH - GRAVESEND
## 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.
The legal name of the charity is:- NEW COVENANT CHURCH - GRAVESEND
The charity is also known by its operating name, N/A
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1194414
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.
K.P.Ojo Mrs O.M. Smith
Miss I. Oluwasegun
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.
1
## **Trustees' Annual Report for the year ended 1 January 2023**
## **Objects and activities of the charity**
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.
## 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.
2
## **Trustees' Annual Report for the year ended 1 January 2023**
## 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 at 53 Doria Drive in the centre of Gravesend , 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.
## **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.
All new trustees are introduced to the church and the office they hold.
3
## **Trustees' Annual Report for the year ended 1 January 2023**
## _**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.
## Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **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
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**
**£**
9,302
-
-
28,668
-
-
-
**28,668**
-
-
-
-
28,668|**2022**
**£**
19,368|
|---|---|---|
|||-|
|||-|
|||19,368
-
-
-|
|||**19,368**|
|||-
-
-|
|||-|
||||
|||19,368|
4
**Trustees' Annual Report for the year ended 1 January 2023**
## _**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;
- 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 October 2023.
K.P.Ojo Trustee
5
## **NEW COVENANT CHURCH - GRAVESEND - Statement of Financial Activities for the year ended 1 January 2023**
## _**Statement of Financial Activities for the year ended 1 January 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**
**Reconciliation of funds:-**
**Total funds brought forward**
**Total funds carried forward**
**Net movement in funds**|**Current year**
**Unrestricted**
**Funds**
**2023**
**£**
34,414
-
-
-
-|**Current year**
**Restricted**
**Funds**
**2023**
**£**
-
-
-
-
-|**Current year**
**Total Funds**
**2023**
**£**
**34,414**
**-**
**-**
**-**
**-**
**34,414**
**-**
**25,112**
**-**
**-**
**25,112**
**-**
**9,302**
**-**
**9,302**
**9,302**
**19,368**
**28,670**|**Prior Year**
**Total Funds**
**2022**
**£**
35,757
-
-
-
-|
|---|---|---|---|---|
||**34,414**|**-**||**35,757**|
||-
25,112
-
-|-
-
-
-||-
16,389
-
-|
||**25,112**|**-**||**16,389**|
||-|-||-|
||**9,302**
-|**-**
-||**19,368**
-|
||**9,302**|**-**||**19,368**|
||**9,302**
19,368|**-**
-||**19,368**
-|
||**28,670**|**-**||**19,368**|
All the prior year transactions were unrestricted items, and no further analysis is required
All activities derive from continuing operations
6
**NEW COVENANT CHURCH - GRAVESEND - Statement of Financial Activities for the year ended 1 January 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 gains on revaluation of fixed assets
**Net movement in funds**
Extraordinary items
Costs of fundamental reorganisation or
restructuring
Net gains on investments
Net actuarial gains on defined pension
benefit schemes|**Prior Year**
**Unrestricted**
**Funds**
**2022**
**£**|**Prior Year**
**Restricted**
**Funds**
**2022**
**£**|**Prior Year**
**Total Funds**
**2022**
**£**
**_-_**
**_19,368_**
**35,757**
**-**
**-**
**-**
**-**
35,757
**-**
**16,389**
**-**
**-**
**16,389**
**-**
**19,368**
**-**
19,368
**-**
**-**
**-**
**-**
**-**
**19,368**
**-**|
|---|---|---|---|
||**0**|||
||**19,368**|**0**||
||-
-
-
-
-|-
-
-
-
-||
||-|-||
||-
-
-
-|-
-
-
-||
||**-**|**-**||
||-
-
-|-
-
-||
||-
-
-
-
-
-|-
-
-
-
-
-||
||**-**
-|**-**
-||
||**-**|**-**|**19,368**|
**All activities derive from continuing operations**
7
**NEW COVENANT CHURCH - GRAVESEND - Statement of Financial Activities for the year ended 1 January 2023**
8
**NEW COVENANT CHURCH - GRAVESEND - Statement of Financial Activities for the year ended 1 January 2023**
9
## **NEW COVENANT CHURCH - GRAVESEND - Statement of Financial Activities for the year ended 1 January 2023**
## **Statement of application of resources**
**NEW COVENANT CHURCH - GRAVESEND - Resources applied in the year ended 1 January 2023 towards fixed assets for Charity use:-**
|**January 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**
**£**
9,302
(3,452)
-
-
-
**5,850**|**2022**
**£**
19,368
(656)
-
-
-|
|||**18,712**|
**The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.**
10
## **NEW COVENANT CHURCH - GRAVESEND - 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**
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**
**£**
19,368
9,302|**Restricted**
**Funds**
**2023**
**£**
-
-|**Total**
**Funds**
**2023**
**£**
19,368
9,302
**28,670**
-
-
-
-
**28,670**|**Last year**
**Total Funds**
**2022**
**£**
**-**
19,368|
|---|---|---|---|---|
||**28,670**
-
-
-
-|**-**
-
-
-
-||**19,368**
-
-
-
-|
||**28,670**|**-**||**19,368**|
|**_Fixed Asset funds_**|**_Fixed Asset funds_**|**_Fixed Asset funds_**|||
|---|---|---|---|---|
|**Fixed asset funds**
**Designated**
**Restricted**
**Funds**
**Funds**
**2023**
**2023**
**£**
**£**
At 2 January
-
-
Transfer (to)/from revenue funds
-
-
**At 1 January**
**-**
**-**|||**Total**
**Funds**
**2023**
**£**
-
-
**-**|**Last year**
**Total Funds**
**2022**
**£**
-
-
**-**|
||**-**|**-**|||
The purposes of the transfers to fixed asset funds are described in Note 69 to the accounts and under the accounting policy 'Accounting for capital grants and fixed asset funds'.
## _**Summary of Funds**_
|**_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**
**and**
**Designated fu**
**2023**
**£**
-
28,670
-
-
-|**Restricted**
**Funds**
**nds**
**2023**
**£**
-
-
-
-
-|**Total**
**Funds**
**2023**
**£**
**-**
**28,670**
**-**
**-**
**-**
**28,670**|**Last Year**
**Total Funds**
**2022**
**£**
-
19,368
-
-
-|
||**28,670**|**-**||**19,368**|
11
**NEW COVENANT CHURCH - GRAVESEND - Statement of Financial Activities for the year ended 1 January 2023**
## _**Income and Expenditure account**_
## **NEW COVENANT CHURCH - GRAVESEND**
**Income and Expenditure Account for the year ended 1 January 2023 as required by the Companies Act 2006**
|**_Income_**
Income from operations
Realised Gains on the disposal of investments
**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
**Total expenditure in the year**
**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**|**2023**
**£**
34,414
-
**34,414**
**34,414**
**24,422**
**690**
**25,112**
**-**
9,302
-
**9,302**
**-**
**9,302**|**2022**
**£**
35,757
**-**|
|---|---|---|
|||**35,757**|
|||**35,757**|
|||**16,258**
**131**|
|||**16,389**|
|||**-**|
|||19,368
-|
|||**19,368**
**-**|
|||**19,368**|
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.
12
## **NEW COVENANT CHURCH - GRAVESEND - Balance Sheet as at 1 January 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**|-
5,068
-
20,313|**2023**
**£**
-
3,287
-
-
-
3,287|-
6,789
-
12,054|**2022**
**£**
-
525
-
-
-|
|---|---|---|---|---|
|||||525|
||25,381||18,843||
||||||
|**Creditors: amounts falling due within**
**one year**
**Net current assets**
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**
Unrestricted Revenue Funds
Unrestricted Revaluation Reserve
**Total charity funds**
**_Net assets_**
**_Net assets_**
**The total net assets of the charity are funded by the**|-||-|18,843|
|||||-
-
-|
|||||-
-|
|||||19,368|
|||||19,368
-|
||||||
|||||19,368|
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.
## **K.P.Ojo**
Trustee Approved by the board of trustees on 17 October 2023
13