Charity no. 702150
NEW SIGHT INTERNATIONAL
REPORT AND FINANCIAL STATEMENTS
Year ended 31st May 2024
NEW SIGHT INTERNATIONAL Report of the trustees for the year ended 31st May 2024
The trustees present their annual report and financial statements of the charity for the year ended 31st May 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's Trust Deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of 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 whatsoever including the preaching and proclamation of the Christian gospel, the teaching of Christian doctrine and principles, the pastoral care of Christian people and the printing and distribution of the bible and Christian literature.
The relief of persons who are in conditions of need, hardship or distress or who are aged and sick.
The provision of instruction in the principles of the Christian faith at any educational establishment and also the provision of a day/ or boarding school/ college for the general education of male and female persons of any age and for the instruction of such pupils in the Christian faith.
The trustees confirm that they have referred to the Charity Commission's guidance 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 do not have 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 person's faith can be increased and matured by access to:
Regular biblical teaching Provision of pastoral work Praise. worship and prayer meetings Regular People and Growth Groups
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NEW SIGHT INTERNATIONAL
Report of the trustees for the year ended 31st May 2024
All meetings are open to the public with no admission fees.
The teaching and impartations from Congress WBN and the ministry's Senior Elder and Eldership Team has continued to equip members and visitors alike.
There has also been a significant expansion of our global podcasts enabling the present speaking of God to be received by many more people.
Financial review
The work of the trust is entirely dependent on the voluntary offerings of people attending the various meetings that have taken place during the year.
The income of the year decreased by 15% to £47,360 (2023 = £55,603). 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 thereby causing the trust to be unable to meet its financial commitments. This has been 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 publicity affecting the charity and those associated with it.
Although there could be many reasons for this to occur, the trustees seek to ensure that all aspects of the charity are regularly reviewed to ensure that they are being run accurately and effectively.
Particular attention is always paid to the varied works involving the children who attend meetings and the trustees ensure that people who lead these groups have the necessary qualifications and accountability.
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NEW SIGHT INTERNATIONAL Report of the trustees for the year ended 31st May 2024
Reserves policy
The trustees aim to maintain free reserves in unrestricted funds at a level which 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 2024, the average expenditure for one month was £4,000
The net unrestricted assets of the charity were £nil
The above policy has therefore not been achieved at the year end and the trustees are taking measures to correct this.
Structure, governance and management
The trust is a registered charity, number 702150 and is constituted under a Deed of Trust dated 25th May 1989.
The trust does not raise funds from the public and seeks to continue its charitable 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 broad strategy and areas of activity.
They also review the level of reserves, risk management policies etc. The day to day leading of the charity is delegated to the elders.
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 statements and meets with the existing trustees for an overview of the plans of the charity for the future. Any training requests are quantified and arranged as necessary.
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NEW SIGHT INTERNATIONAL
Report of the trustees for the year ended 31st May 2024
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 day basis. All trustees give their time freely and no trustee remuneration was paid in the 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 the Board of Trustees.
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
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NEW SIGHT INTERNATIONAL Report of the trustees for the year ended 31st May 2024
Reference and administrative information (Contd)
Bankers
Barclays Bank Plc
Trustees' responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice)
The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements in each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently; * observe the methods and principles in the applicable Charities SORP; * make judgments and estimates that are reasonable and prudent; * state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; * prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations and the 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 charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
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NEW SIGHT INTERNATIONAL Report of the trustees for the year ended 31st May 2024
Approved by the trustees on 13th March 2025 and signed on their behalf by:
Susan Northover - Trustee
.................................................
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Independent Examiner's Report to the Trustees of:
NEW SIGHT INTERNATIONAL
I report on the accounts for the trust for the year ended 31st May 2024 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 by the Charity Commission under section 145(5)(b) of the Charities Act, and
-
- 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 requirements 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 28th March 2025 London E8 4DG
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NEW SIGHT INTERNATIONAL
Statement of Financial Activities Year ending 31st May 2024
| Total | Total | ||
|---|---|---|---|
| Note | Funds | Funds | |
| 2024 | 2023 | ||
| £ | £ | ||
| Income | 1 | ||
| Donations | 3 | 47,360 | 55,603 |
| Grants received | 0 | 0 | |
| TOTAL INCOME | 47,360 | 55,603 | |
| Expenditure | 1 | ||
| Expenditure on charitable | |||
| activities | 4 | 48,023 | 55,358 |
| TOTAL EXPENDITURE | 48,023 | 55,358 | |
| Net incoming/(expenditure) | -663 | 245 | |
| Reconciliation of funds | |||
| Total funds brought forward | 353 | 108 | |
| Total funds carried forward | -310 | 353 |
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NEW SIGHT INTERNATIONAL
| Balance Sheet as at 31st May 2024 | Balance Sheet as at 31st May 2024 | ||
|---|---|---|---|
| Note | Total | Prior | |
| Funds | Year | ||
| £ | £ | ||
| Current assets: | |||
| Debtors | 5 | 396 | 607 |
| Cash at bank and in hand | 0 | 0 | |
| Total current assets | 396 | 607 | |
| Liabilities: | |||
| Creditors falling due within | |||
| one year | 6 | -706 | -254 |
| Net Current assets | -310 | 353 | |
| Net assets | -310 | 353 | |
| The funds of the charity: | |||
| Unrestricted income funds | 1 | -310 | 353 |
| Total charity funds | -310 | 353 |
The notes at pages 10 - 12 form part of these accounts
Approved by the trustees on 13th March 2025 and signed on their behalf by: Susan Northover - Trustee
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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 Practice applicable to charities, the Charities Act 2011 and applicable regulations.
The accounts have been prepared under the historic cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) 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, there is sufficient certainty or receipt and so it is probable that the income will be received, and the amount of income receivable can be measured reliably.
Donations from members and other donations are recognised when received.
Income in respect of HMRC Gift Aid claims is recognised when the claim has been submitted to HMRC.
(d) Expenditure recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement 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 incurred.
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NEW SIGHT INTERNATIONAL
Notes to the accounts
2. Related party transactions and trustees' expenses and remuneration
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 ( 2023: £nil )
Mr P Humberstone, the husband of Mrs P Humberstone a trustee of the charity, was paid £11,346 ( 2023: £14,495 ) as a self employed minister.
Included in the donations are payments totalling £ nil ( 2023 = £8,350 ) to N Kitcher, the daughter of one of the trustees, for financial assistance.
| 3. Donations | 2024 | 2023 |
|---|---|---|
| TOTAL | TOTAL | |
| £ | £ | |
| Donations | 32,819 | 43,679 |
| Accord Offerings | 8,419 | 5,991 |
| HMRC - Gift Aid | 6,122 | 5,933 |
| 47,360 | 55,603 |
4. Expenditure on charitable activities
| ure on charitable activities | ||
|---|---|---|
| 2024 | 2023 | |
| TOTAL | TOTAL | |
| £ | £ | |
| Donations | 893 | 8,350 |
| Ministry Costs | 30,547 | 30,095 |
| Bank charges | 736 | 612 |
| Vehicle Costs | 5,072 | 4,493 |
| Venue Rent | 350 | 480 |
| Accord Expenditure | 9,394 | 10,579 |
| Administration | 643 | 0 |
| Website Expenses | 388 | 324 |
| Repairs | 0 | 125 |
| Meeting costs | 0 | 300 |
| 48,023 | 55,358 |
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NEW SIGHT INTERNATIONAL Notes to the accounts
| 5. Current Assets | 2024 | 2023 |
|---|---|---|
| £ | £ | |
| HMRC - Gift Aid | 396 | 607 |
| Balances at Bank | 0 | 0 |
| 396 | 607 |
All current assets for 2023 and 2024 relate to unrestricted funds.
6. Analysis of current liabilities
| of current liabilities | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Creditors under 1 year | 0 | 0 |
| Bank Overdraft | 706 | 254 |
| 706 | 254 |
All current liabilities for 2023 and 2024 relate to unrestricted funds.
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