Charity no.
NEW SIGHT INTERNATIONAL
REPORT AND FINANCIAL STATEMENTS
Year ended 31st May 2022
NEW SIGHT INTERNATIONAL Report of the trustees for the year ended 31st May 2022
The trustees present their annual report and financial statements of the cha for the year ended 31st May 2022.
The financial statements have been prepared in accordance with the accoun policies set out in note 1 to the accounts and comply with the charity's trust the Charities Act 2011 and Accounting and Reporting by Charities: Stateme Recommended Practice applicable to charities.
Objectives and activities for the public benefit.
The purposes of the trust during the year were:
The advancement of the Christian faith locally and globally by any means w including the preaching and proclamation of the Christian gospel, the teach Christian doctrine and principles, the pastoral care of Christian people and t printing and distribution of the bible and Christian literature.
The relief of persons who are in conditions of need, hardship or distress or w aged and sick.
The provision of instruction in the principles of the Christian faith at any edu establishment and also the provision of a day/ or boarding school/ college fo general education of male and female persons of any age and for the instru such pupils in the Christian faith.
The trustees confirm that they have referred to the Charity Commission's gu on public benefit and, in particular, the specific guidance on charities for the advancement of religion.
The trustees benefit the public by separate strategies aimed at those who d a relationship with Jesus Christ and those who have already accepted Jesus Christ as their Lord and Saviour.
Non believers are targeted by various outreach activities based either in the local community or further afield.
For believers, the trustees endeavour to create an environment where a per faith can be increased and matured by access to:
Regular biblical teaching Praise. worship and prayer meetings
Provision of pastoral work Regular People and Growth Grou
NEW SIGHT INTERNATIONAL Report of the trustees for the year ended 31st May 2022
All meetings are open to the public with no admission fees.
With the relaxation of lockdown restrictions due to the global pandemic, the face to face members' meeting took place in a park in July. At the same time other meetings continued on Zoom as before, as did meetings with Kingdom Netherlands and Kingdom Communities in Indonesia. Personal alignment of continued in line with Congress WBN's Knock# programme.
The first podcast of a regular weekly series from our Senior Elder was releas Accord membership has greatly increased with daily podcasts plus weekly p discussing particular topics. Daily devotionals continued on Facebook with m booklets available together with further study journals. Weekly bible studies in the Accord Studio and were also released as podcasts.
Financial review
The work of the trust is entirely dependent on the voluntary offerings of peo attending the various meetings that have taken place during the year.
The income of the year increased by 7% to £62,760 (2021: £58,714). This includes amounts received under the Gift Aid system.
Risk management
The main risks faced by the trust are as follows:
a. Financial
This includes a serious decrease in the amount of income received and ther causing the trust to be unable to meet its financial commitments. This has b mitigated by the trustees receiving regular financial updates and the close monitoring of the bank accounts.
b. Reputational
The trustees are aware that the main reputational risks stem from adverse p affecting the charity and those associated with it.
Although there could be many reasons for this to occur, the trustees seek to
that all aspects of the charity are regularly reviewed to ensure that they are run accurately and effectively.
Particular attention is always paid to the varied works involving the children attend meetings and the trustees ensure that people who lead these groups the necessary qualifications and accountability.
NEW SIGHT INTERNATIONAL Report of the trustees for the year ended 31st May 2022
Reserves policy
The trustees aim to maintain free reserves in unrestricted funds at a level w equates to approximately one month of unrestricted charitable expenditure The trustees consider that this level will provide sufficient funds to enable financial commitments to be met and also give them enough time to review and revise ongoing commitments should a long term decrease in income be recognised.
At the 31st May 2022, the average expenditure for one month was £5,820
The net unrestricted assets of the charity were £108.
The above policy has therefore not been achieved at the year end and the t are taking measures to correct this.
Plans for the future
It is planned to find a new regular venue for Sunday and other meetings in a community setting where non-members can be invited and workshops and conferences can be held. Also plans are being finalised for the first Accord C outside South Wales, to be held in Houston, Texas in November 2022. Instag other resources will be developed with other podcast shows and appropriate made available. People groups and teaching will be further developed as me and needs increase, as will input and oversight of Kingdom Impact Netherla and the Kingdom Communities in Indonesia. Full participation in Congress W Knock# programme will continue, as will our Senior Elder's input into the GC Congress.
Structure, governance and management
The trust is a registered charity, number 702150 and is constituted under a Trust dated 25th May 1989.
The trust does not raise funds from the public and seeks to continue its cha works through the careful stewardship of the donations from members.
New trustees are appointed by the existing trustees.
There are regular meetings of the trustees where they agree on the future b strategy and areas of activity.
They also review the level of reserves, risk management policies etc. The da day leading of the charity is delegated to the elders.
NEW SIGHT INTERNATIONAL Report of the trustees for the year ended 31st May 2022
Structure, governance and management (Contd)
New trustees are chosen from the membership after showing continuous integrity and faithfulness to the charity. Before accepting the position, the potential trustee is given copies of the Trust Deed, previous financial statem and meets with the existing trustees for an overview of the plans of the cha for the future. Any training requests are quantified and arranged as necessa
Key management personnel remuneration.
The trustees consider the Board of Trustees and the Elders as comprising the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day to da All trustees give their time freely and no trustee remuneration was paid in t year. Any related party transactions are detailed in the notes.
Trustees are required to disclose all relevant interests and are required to withdraw from decisions where a conflict of interest arises.
The amounts paid to the Senior Elder and others are reviewed regularly by t Board of Trustees.
NEW SIGHT INTERNATIONAL Report of the trustees for the year ended 31st May 2022
Reference and administrative information
Trustees
Patricia Humberstone Clare Kitcher Susan Northover
Senior Elder
Paul Humberstone
Elders
Patricia Humberstone Craig Crosbie Rebecca Crosbie
Principal office
21 Four Elms Court 53 Newport Road Cardiff CF24 0AU
Independent Examiner
Mrs Julie Lindo
Congress House 250 - 256 Kingsland Road London E8 4DG
Bankers
Barclays Bank Plc
NEW SIGHT INTERNATIONAL Report of the trustees for the year ended 31st May 2022
Trustees' responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees' annual report financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prac
The law applicable to charities in England and Wales requires the charity tru to prepare financial statements in each year which give a true and fair view state of affairs of the charity and of the incoming resources and application resources of the charity for that period. In preparing the financial statement the trustees are required to:
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select suitable accounting policies and then apply the consistently;
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observe the methods and principles in the applicable Charities SORP;
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make judgments and estimates that are reasonable an prudent;
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state whether applicable accounting standards have b followed, subject to any material departures disclosed explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the ch will continue in business.
The trustees are responsible for keeping proper accounting records that disc with reasonable accuracy at any time the financial position of the charity an enable them to ensure that the financial statements comply with the Charit Act 2011, the applicable Charities (Accounts and Reports) Regulations and t provisions of the trust deed. They are also responsible for safeguarding the
assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charit financial information included on the charity's website. Legislation in the Un Kingdom governing the preparation and dissemination of financial statemen may differ from legislation in other jurisdictions.
Approved by the trustees on 12th March 2023 and signed on their behalf by
Clare Kitcher - Trustee
...............................................................
Independent Examiner's Report to the Trustees of:
I report on the accounts for the trust for the year ended 31st May 2022 which are set out on pages 8 to 12 .
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the Charities Act * follow the procedures laid down in the General Directions given b Charity Commission under section 145(5)(b) of the Charities Act, * to state whether particular matters have come to my attention
Basis of independent examiner's report
My examination was carried out in accordance with the General Direction given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees on any such matters. The procedures undertaken do not provide all the evidence that would be required by an audit, and consequently no opinion is given as to whether the accounts present a "true and fair" view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect
the requirements
to keep accounting records in accordance with section 130 of the Charities Act, and # to prepare accounts which accord with the accounting records and to comply with the accounting requiremen of the Charities Act
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Julie Lindo Congress House 250 - 256 Kingsland Road Date 16th March London E8 4DG
NEW SIGHT INTERNATIONAL
Statement of Financial Activities Year ending 31st May 2022
| TOTAL | ||||
|---|---|---|---|---|
| Note | Restd | U/Restd | Funds | |
| 2022 | 2022 | 2022 | ||
| £ | £ | £ | ||
| Income | 1 | |||
| Donations | 3 | 0 | 62,760 | 62,760 |
| Grants received | 0 | 0 | 0 | |
| TOTAL INCOME | 0 | 62,760 | 62,760 | |
| Expenditure | 1 | |||
| Expenditure on charitable | ||||
| activities | 4 | 0 | 69,828 | 69,828 |
| TOTAL EXPENDITURE | 0 | 69,828 | 69,828 | |
| Net incoming/(expenditure) | 0 | -7,068 | -7,068 |
| Reconciliation of funds | |||
|---|---|---|---|
| Total funds brought forward | 185 | 6,991 | 7,176 |
| Transfer between Funds | -185 | 185 | 0 |
| Total funds carried forward | 0 | 108 | 108 |
NEW SIGHT INTERNATIONAL
| Balance Sheet as at 31st May 2022 | Balance Sheet as at 31st May 2022 | |
|---|---|---|
| Note | Total | |
| Funds | ||
| £ | ||
| Current assets: | ||
| Debtors | 5 | 1,154 |
| Cash at bank and in hand | 0 | |
| Total current assets | 1,154 | |
| Liabilities: | ||
| Creditors falling due within | ||
| one year | 6 | -1,046 |
| Net Current assets | 108 | |
| Net assets | 108 |
The funds of the charity:
| Unrestricted income funds | 1 | 108 |
|---|---|---|
| Restricted income funds | 0 | |
| Total charity funds | 108 |
The notes at pages 10 - 12 form part of these accounts
Approved by the trustees on 12th March 2023 and signed on their behalf by
Clare Kitcher - Trustee
NEW SIGHT INTERNATIONAL Notes to the accounts
1. Accounting Policies
(a) Basis of preparation and assessment of going concern
The accounts (financial statements) have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practic applicable to charities, the Charities Act 2011 and applicable regulations.
The accounts have been prepared under the historic cost convention with it recognised at cost or transaction value unless otherwise stated in the releva to these accounts.
(b) Funds structure
The unrestricted funds are available for use as directed by the trustees.
(c) Income recognition
All income is recognised once the charity has entitlement to the income, the sufficient certainty or receipt and so it is probable that the income will be re and the amount of income receivable can be measured reliably.
Donations from members and other donations are recognised when receive
Income in respect of HMRC Gift Aid claims is recognised when the claim has submitted to HMRC.
(d) Expenditure recognition
Liabilities are recognised as expenditure as soon as there is a legal or const obligation committing the charity to that expenditure, it is probable that set will be required and the amount of the obligation can be measured quickly.
All expenditure is recognised on an accruals basis.
(e) Irrecoverable VAT
Irrecoverable VAT is charged against the expenditure head for which it was
NEW SIGHT INTERNATIONAL Notes to the accounts
2. Related party transactions and trustees' expenses and remunera
The trustees all give freely of their time and expertise without any form of remuneration or other benefit in cash or kind. They are entitled to claim any expenses. The amount of expenses paid during the year was £nil ( 2021: £
Mr P Humberstone, the husband of Mrs P Humberstone a trustee of the char paid £26,000 ( 2021: £26,000 ) as a self employed minister.
Included in the donations are payments totalling £12,000 ( 2021 = £5,300 ) to N Kitcher, the daughter of one of the trustees, for financial assistance.
3. Donations
| ons | 2022 | 2022 | 2022 |
|---|---|---|---|
| Restd | U/Restd | TOTAL | |
| £ | £ | £ | |
| Donations | 0 | 50,764 | 50,764 |
| Accord Oferings | 0 | 2,612 | 2,612 |
| HMRC - Gift Aid | 0 | 9,384 | 9,384 |
| Grants Received | 0 | 0 | 0 |
|---|---|---|---|
| Activities | 0 | 0 | 0 |
| 0 | 62,760 | 62,760 | |
| 4. Expenditure on charitable | activities | ||
| 2022 | 2022 | 2022 | |
| Restd | U/Restd | TOTAL | |
| £ | £ | £ | |
| Donations | 0 | 12,000 | 12,000 |
| Ministry Costs | 0 | 40,400 | 40,400 |
| Bank charges | 0 | 414 | 414 |
| Vehicle Leases | 0 | 4,675 | 4,675 |
| Venue Rent | 0 | 2,580 | 2,580 |
| Accord Expenditure | 0 | 9,625 | 9,625 |
| Administration | 0 | 50 | 50 |
| Website Expenses | 0 | 84 | 84 |
| 0 | 69,828 | 69,828 |
| NEW SIGHT INTERNATIONAL | |
|---|---|
| Notes to the accounts | |
| 5. Current Assets | 2022 |
| £ | |
| HMRC - Gift Aid | 441 |
| Rent prepayment | 713 |
| Balances at Bank | 0 |
| 1,154 | |
| 6. Analysis of current liabilities | |
| 2022 | |
| £ | |
| Creditors under 1 year | 0 |
| Bank Overdraft | 1,046 |
1.046
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2021 TOTAL £ 47,408 4,447 6,859
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2021 £ 681 660 5,835 7,176
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