Charity registration number.. 1206144 NEW CREATION CHURCH TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 11 DECEMBER 2023 TO 31 DECEMBER 2024 Cooper A550ciates Accollntant5 Ltd 40 St James Buildings St James Street Taunton SoTner5et TAI IJR
New Creation Church Contents Page Trustees. Report Independent Examiner'5 Report Stsiement of Financial Activities Statetnent of Financial P05ltion Notes to the Financial Statements
New Creation Church Trustees, Report For the Period I l December 2023 to 31 December 2024 The trustees present their report and the financial statements for the period ended 31 December 2024. Obje¢tii'e5 and Activities Aims and Objectives With the amal(Taination of Canon Street Church {Canon St) and Taunton Family Church (TFC), into New Creation Church (NCC), we have been focused on helping former Canlin Si members find their place in NCC and bring aL)out a stable transition. Sim Cracknell ISC} and Richard Shaw (RS) Cowlead NCC with the help of the Trustees and Leadership teams. Trustees, with agreement of Canon St congregation, and with the help of Howard Mathers, have instructed Anthony Collins legal fim in the transfer of assets to NCC. This has noi yet been completed. The Trustees of the TFC and NCC have amalgamated their experience and knowledge to foTm the new teatn of TTU5tee5 of the CIO NCC Charity. A large part of our focus this year has been on establishing sound Leadership and Trllstees t&gms, encoiiraging cohesion and partieipation. Both TFC and CSC bank accounts were mergFed into one NCC account, brinLFinu all the ndS in to one central point. We also saw the NCC balance sheet strengthen through the year, due to generous giving from our congregation. Canon Steet Church s previous Objective5 and Activitie5 are now being achieved through NCC, and the goal is to discontinue Canon Si and TFC charities in the coming vear. As is seen in the Financial Report, most of the giving is now through NCC, who have also taken on all costs previously serviced by Canon St finances. Ruth Tancock continued in her role a5 church treasurer and creator of the monthly manauement accounts, with analytical breakdown of income and expenditure, which was then presented to the Trustees of NCC. Throughout 202314 New. Creation Churcl) i)ow incorporatit)g the cl)urch meimbers from Taunton Family Church and Canot) Street Church, has continued in its vision to reach oiit to the community with the Gospel and support where possible the under privilegyed and needy. The Iransition for NCC into a CIO was reasonably seamless, and was administered with professionalism and accuracy. During the year the church held a numbeT of outreach activities, includin¥ a Chrislma5 and Easter adults and children's events. Also, during the summer, the church held a number of outreaeh initiatives in the local parks as part of the church's visiot) to reach the community. Life Groiips formed a behind the scenes fainily awareness and prayer support activity which once abFain wa5 focused on community and outreach for the lost. New Creatioi) Church also Saw mai)}. new members joii) the ¢hur¢h We continue to provide cgre and ¢ounselling through Sunday services, mid-week Life Groups and one-to-one support. Internationally, we support mi55ionaries in the unreached, c105ed countrie5 and one of our members serving in YWAM. We are preparing to offer more support in the Taunton Town Centre through a free Parents and Toddlers, drop in play session. As a chiirch, we have identified a food sliortage in the homeless community in Taunton and are looking at how to meet the need. ..CONTINUED Page I
New Creation Church Trustees, Report {continuvd) For th¢ Period 11 December 2023 to 31 December 2024 Aim5 and Objectives- continued In the Taunton community we continue to financially support the Foodbank and, more recently, Besoin Charity Taunton. RS is running a monthly networking meeting for all the local voluntary organization's working in Taunton, and Howard Mathers, on the Leadeiship feani, serves as Chair tsl. Trustees for the Taunion Foodbank. Public Benefit New Creation Church now incorporating Ihe church members from Taunton Family Church and Canon Street Church. has contiiiued in its vision to reach out to the cotnmunity with the Gospel and 511PPOrt where possible the under privileged and needy. The trustees confilln that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission's guidance on public benefit. Reference and Adn]ini5trative Details Trustees Mr C Tancock (appointed 1111212023) Mr S Cracknell (appointed 1111212023) Mr B Robiiison (appointed 1111212023) Mr R Shaw (appointed 1111212023) Mr A Louw (appointed 1111212023) Other Personnel Tiustees Charity Number 1206144 Independent Examiner Cotsper Associates Accountants Ltd Cooper Asso¢iates Ac¢ounrants Ltd 40 St Jan)e5 Buildin¥s Si James Street Taunton Somersei TAI IJR Page 2
New Creation Church Trustev5' Rvport (continued) For the Period I l December 2023 to 31 Dec¢rnb¢r 2024 The trllstees, report was approved bv the board of trnstees and signed on its behalf by.. Date Page 3
New Creation Church Independent EAatniner's Report to the Trustee5 vf New Creation Church For the Period I l December 2023 to 31 Dec¢rnber 2024 I report to the trnstees on my examination of the accounts of New Creation Church (the frnst) for the period ended 31 December 2024. Re5pollsibilities and Basis of Report As the eharity trustees of the Trust you are responsible for the preparation of the accounts in accoidanee with the requireinents of the Charities Act 2011 ("the Act"). I repon in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out examination, I hav¢ followed the applicable Directions given by ihe Charity Commission under section 145(51(bl of the Act. Independent Exarniner's Statement I have completed my examination. I confirm that no maierial matters have come to my atrention in connection with the exatniiiation (TivinbF me cause to believe that iii any material respect.. l. accounting records were not kept in respect of the Trust as required by section 130 of the Acr., or 2. the accounts do iiot accord M'ith tliose records; or 3. the accounts do not comply w'ith the applicable requirements concerning the fL)rn) and contents of accounts set out in the Cliarities (Accounts and Reports) Reg5ulation5 2008 other than any requirement that the accounts gFive a'tnje and fair view, which is not a matter considered as part of an independent examination. 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 accounts 10 be reached. Cooper Associates Accountants Ltd Date 40 St James Buildings St Ji1mes Street rautitnn Soinerset TAI IJR Page 4
New Creation Church StateffteNt of Financial Activities For the Period I l December 2023 to 31 Dec¢rnb¢r 2024 31 December 2024 Unrestricted fund5 Notes INCOME AND ENDOWMENTS FROM: Donation5 and legacies InveslJnents 149,637 443 150,080 EXPENDITURE ON: Raising ndS (83,8011 NET INCOME 66,279 NET MOVEMENT IN FUNDS RECONCILIATIOIY OF FUNDS: Total funds brought fonvard 66,279 TOTAL FUNDS CARRIED FORWARD 66,279 The notes on pages 7 to 9 fom part of these financial statements. Page 5
New Creation Church Statement of Financial P1Tr5ition As At 31 D¢c¢rnb¢r 2024 31 December 2024 Unrestrieted Restrieted funds fund5 Total fund5 Notes CURRENT ASSETS Cash at bank and in hand 66,999 66,999 66,999 66,999 Creditors: Amount5 Falling Due Within One year 10 1720) (720) NET CURRENT ASSETS (LIABILITIES) 66,279 66,279 TOTAL ASSETS LESS CURRENT LIABILITIES 66,279 66,279 NET ASSETS 66.279 66,279 FUNDS OF THE CHARITY Unrestricted Funds 66,279 TOTAL FUNDS 66,279 On behalf of the board Date The notes on pages 7 to 9 fom part of these financial statements. Page 6
New Creation Church Note5 to the Financial Statvrnents For the Period I l December 2023 to 31 Dec¢rnb¢r 2024 General Inforrnation New Creation Church is an unincorporated charity registered with the Charity Commission. registered charity number 1206144. The principal address is 2. Accounting Polieies 2.1. Ba515 of Preparation of FiDancial Statements The financial statements have been prepared in accordante with the Charities SORP (FRS 102) "Actounting and Rcporting by Cliarities.. Stateinent of Recommcndcd Practice applicable to charities preparing their accounts in accordance witl) the Financial Reporting Sthndard applicable in the UK and Republic of Ireland (FRS 102) (effettive I Januari, 2019)" Financial Reporting Standard 102 'T]ie Financial Reporting Standard applicable in tlie UK and Republic of Ireland" and the Charities Act 2011. The charity is a Public Benefit Entity a5 defined by FRS 102. 2.2. Incoming Resources All incoming resources are recognised in the Statement of Financial Activities once tlie charity has entitlement to the resources. it is probable that the resources will be received. and the monetsry amount can be measured with sutyicieni reliability. 2.3. Resources Expended Expenditure 15 accounted for on an accruals basis and ha5 beeli classified under headiiius that abgyre¥Fate all cost5 i'elated to each category. Expenditure is recognised where there is a legal or constructive obligation to make payments 10 third parties, it is probable that the settletnent M'ill be required, and the amount of the obligation can be inea5ured reliably. 2.4. Cash and Cash Equivalents Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with bank5, other short-tenn highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of cl)an¥e in value, and bank oveidrafts. Income from Donations and Legaci 31 Deeember 2024 Unrestrieted funds Donations and gifts Gift aid 136,883 11,615 1,139 Grants 149,637 4. Investment Income Page 7
New Creation Church Nute5 to thv FiNdneial StatemeNt5 (continued} For the Period I l December 2023 to 31 Dec¢mber 2024 31 December 2024 Unrestrieted funds Bank interest receivable 443 5. Analysis of Expenditure 31 December 2024 Acti&'itie5 undcrtaken Support eosts directly (see note 6) Total Raising funds 9,078 74,723 83,801 6. Support Costs 31 December 2024 R#i5iNg funds Employee Costs Premises expenses General administration 63,027 4,262 6,714 720 Governance costs 74,723 7. Independent Examiner's Remuneration The independent exainineS reinuneration for the examination of the accounts was £720 31 December 2024 Independent examination of the financial statements Other assurance services Tax advisory services Other financial services 720 720 Page S
New Creation Church Nute5 to thv FiNdneial StatemeNt5 (continued} For the Period I l December 2023 to 31 Dec¢mber 2024 8. Staff Costs Staff costs were as follows.. 31 December 2024 Wages and salaries 52,431 No employees received employee benetits (excluding employer pension costs) for the reporting period of more than £60.000. Average Number of Employees Average number of employees during the period was.. 3 10. Creditors: Amount5 Falling Due Within One Year 31 December 2024 Other creditors 720 I l. Movement ITh Funds Asatll December 2023 Asat31 Deeernber 2024 Income EYp¢nditure Unrestricted funds General.. General unrestri¢ted fund 150,080 (83,801) 66,279 Total funds 150,080 183,801) 66,279 12. Related Party Disclosures No transactions witli relaied parties o¢¢urred during the yegr that require disclosure Page 9