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2023-12-31-accounts

Company registration number: 04102023 Charity registration number: 1087659

York City Church

(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 December 2023

Ian Walker & Co Accountants Box Tree House Northminster Business Park Upper Poppleton York YO26 6QR

York City Church

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 8
Accountants' Report 9
Statement of Financial Activities 10
Balance Sheet 11 to 12
Notes to the Financial Statements 13 to 23

York City Church

Reference and Administrative Details

Senior Management / Leadership Mr A E Rose, Church Elder
Team Mr P Roderick, Church Elder
Mr P Rayner, Church Elder
Mr M Alty, Church Elder
Mr R Ainsworth, Church Deacon
Mrs N Bixby, Church Deacon
Miss H Witcomb, Church Deacon
Mrs E Nelson, Church Deacon
Charity Registration Number 1087659
Company Registration Number 04102023
The charity is incorporated in England and Wales.
Registered Office The Citadel
Gillygate
York
North Yorkshire
YO31 7EA
Independent Examiner Ian Walker & Co
Accountants
Box Tree House
Northminster Business Park
Upper Poppleton
York
YO26 6QR

Page 1

York City Church

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 31 December 2023.

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: Mr D Stevens Mr J Bailey Mr S Knight (resigned 11 November 2023) Mr J Healey Mrs L Kemp

Senior Management / Leadership Mr A E Rose, Church Elder Team: Mr P Roderick, Church Elder Mr P Rayner, Church Elder Mr M Alty, Church Elder Mr R Ainsworth, Church Deacon Mrs N Bixby, Church Deacon Miss H Witcomb, Church Deacon Mrs E Nelson, Church Deacon

Structure, governance and management

Nature of governing document

York City Church is a company limited by guarantee and not having a share capital, governed by its Memorandum and Articles of Association dated 3 November 2000 as amended by special resolution dated 11 January 2009. It is also a charity registered with the Charity Commission. The members of the charitable company guarantee to contribute an amount not exceeding £10 to the assets of the company in the event of winding up during their period of membership and within one year of their ceasing to be a member.

The Trustees meet regularly throughout the year and all the major decisions of the charity are made with them in consultation with the church Elders. The Trustees are also provided with a detailed monthly financial summary to facilitate the financial management of the charity. The day to day running of the charity is delegated to the church elders, one of whom currently works full time for the charity and one of whom currently works four days a week for the charity.

Recruitment and appointment of trustees

New trustees are appointed from time to time at the discretion of the existing trustees, such that the number of trustees is not less than three. Potential new trustees are recommended by the Elders of the church and are appointed if considered suitable following interview by the existing trustees.

Page 2

York City Church

Trustees' Report

Induction and training of trustees

The induction process for trustees involves supplying them with copies of the Memorandum & Articles of Association, recent Accounts, Policies and Procedures documents and Minutes of trustees' Meetings. New trustees are also provided with the latest guidance for trustees as published by the charities commission to ensure a thorough understanding of their responsibilities. Where required, a training session is also set up with an experienced trustee from another charity with similar aims and objectives.

Major risks and management of those risks

Trustee Responsibility

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.

Objectives and activities

Objects and aims

The charity' principal objects, as set out in its governing document, are:

  1. To advance the Christian faith.

  2. To proclaim and promote the Christian faith and worship of God.

  3. To relieve people in need, hardship or distress.

  4. To educate and assist young people, through their leisure time activities, so as to develop their physical, mental, social and spiritual capacities.

When planning activities for the year, the trustees and senior leaders of the church have considered the Charities Commission’s guidance on public benefit. In particular, we try to enable ordinary people to live out their faith as part of the local community, through worship, prayer and furthering their understanding of the Bible. We put on outreach activities and encourage people to serve the local community, particularly those in need, hardship or distress. We also support other charities or activities outside of the local area whose aims are aligned with our own, in particular the advancement of the Christian faith and the relief of need, hardship or distress.

Page 3

York City Church

Trustees' Report

Achievements and performance

Objectives, strategies and activities

During 2023 the charity continued to flourish as a local church with weekly meetings on Sunday mornings and regular prayer meetings on a Sunday evening. It also hosted a ‘Week of prayer’ and a ‘Season of giving’.

In line with the vision the charity has for the Citadel (our church building located on Gillygate in the heart of the city), the building was teeming with life. It was used to support both the church and the wider communities, and the charity continued to service and develop the activity throughout the year.

In addition to one-off events, the Citadel continued to host a Foodbank, the Yahala Mataam pop-p restaurant run by Syrian refugees and ESOL (English for Speakers of Other Languages) lessons. 2023 saw the Citadel host the launch of an ‘all nations Welcome Café’ and a series of mental health and well-being evenings.

The other main areas of progress and achievement in terms of the charity’s objectives that continued throughout the year were as follows:

1. To advance the Christian faith

• Continued support for Christ Central Churches, including financial support and the sharing of teaching skills and resources across this network

• A ‘week of prayer’ was held with 24/7 prayer slots, prayer meetings and a prayer room available for use

2. To proclaim and promote the Christian faith and worship of God

• Continuation of the ‘Read. Mark. Learn’ course to help Christians and non-Christians understand the person of Jesus better through the Gospel of Mark. Courses were held in three locations across the city in addition to a group run in Farsi. An equipping day was held at the Citadel for those interested in leading a group

• Held four ‘Intro’ evening as an opportunity for non-Christians to learn more about the church and the Christian faith

Page 4

York City Church

Trustees' Report

3. To relieve people in need, hardship or distress

• The Yahala Mataam pop-up restaurant run by Syrian refugees continued to increase the number of events it held each month. It also catered for private events, including one for the Lord Mayor at the Mansion House. At the end of 2023, Yahala Mataam became its own entity: Yahala Mataam CIC (Community Interest Company). It now operates as a social enterprise and no longer under York City Church’s legal structure (albeit certain restricted funds were still held by York City Church at the end of 2023

• ESOL (English for Speakers of Other Languages) continued to be taught at The Citadel by York Learning; four lessons a day were held during term time. The ESOL Tots provision also continued offering an informal friendship group

• Links with others who support refugees, asylum seeker and migrants through a city-wide coordination group led by York City Council went from strength to strength. In December 2022-July 2023 York City Church partnered with OVY (One Voice York) Churches to give a ‘Pants Welcome’ to asylum seekers living in the city. This scheme raised over £3,000 to buy underwear, socks and clothes

• In April, York City Church brought together the Ukrainian welcome café and the refugee drop-in to create one fortnightly event: The ‘all nations Welcome Café’. Its mission was to enable friendships, support integration and facilitate a holistic partnership approach to supporting refugees from Afghanistan, Syria and Ukraine who are in York. The Welcome Café regularly hosted up to 60 refugees, providing lunch and offers of support from eight different agencies. Many found work, accommodation and friendship at the all nations Welcome Café. It was led by York City Church with volunteers from seven churches in York. External funding was received from The Belfrey, The Church Urban Fund and CYC Housing

4. To educate and assist young people, through their leisure time activities, so as to develop their physical, mental, social and spiritual capacities

Page 5

York City Church

Trustees' Report

Public benefit

The trustees are grateful for the support from all the volunteers and are delighted with the overall outcome of the above in

terms of meeting the charity's stated objectives. The church continued to serve the public and local communities as well as providing support to people from different countries and cultures who are in need. A large number of unpaid volunteers have given significant amounts of time, effort and money to ensure the smooth running of the events and activities mentioned, all of which have provided significant public benefit in accordance with the charities aims and objectives.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

The Citadel

2023 was our eighth full year as owners of The Citadel, following its purchase in 2015. As stated above, the building continued to be used regularly by the church and organisations within the wider community, as well as through the hiring of the building.

In terms of the maintenance of the Citadel, the most significant investment made during 2023 was the refurbishment of the toilets. The project saw the former toilet block of six cubicles, which was not Disability Discrimination Act (DDA) compliant, renovated to provide nine individual toilet cubicles including a DDA compliant toilet. The specification and finish now meet the needs of an array of users and raise the bar in terms of the sort of events the Citadel can cater for. The use of cubicles also means that the block will remain fit for purpose and flexible to any future legislation on gendered or gender neutral toilets. This major project was a key part of the charity’s overall strategic plan and vision for the Citadel as a vibrant venue used by many in York.

Investment in the maintenance of the building included a full measured survey of the building which can be used for future plans; reconfiguration/widening of the Bramwell Room to allow for multi-functional use, e.g. for ESOL lessons and children’s groups; and the creation of a cupboard and reconfiguration of a room into a PA store. Repairs to roof leaks and windows also took place in 2023.

Examples of how the Citadel was used in 2023 include:

Page 6

York City Church

Trustees' Report

Financial review

Policy on reserves

During 2023, the stated intention of the trustees was to maintain unrestricted cash reserves which are the free reserves of the charity of at least the greater of £23,000 or one month's average gross running costs and two months mortgage payments (including a £5,000 reserve to help cover any future emergency building repairs). The reserves were maintained significantly above this level throughout the year in question. At the end of the year, there were unrestricted cash reserves of £80,518 (£653,128 of unrestricted reserves including the equity ownership in the Citadel).

As the plans for the ongoing use of the building mature, there will be additional building related projects which will require capital investment over and above the routine running costs, and it is the intention of the trustees that this surplus will contribute towards such projects.

Statement of trustees' responsibilities

The trustees (who are also the directors of York City Church for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Page 7

York City Church

Trustees' Report

Disclosure of information to auditor

Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware.

The annual report was approved by the trustees of the charity on 27 September 2024 and signed on its behalf by:

......................................... Mr D Stevens Trustee

Page 8

Chartered Accountants' Report to the Trustees on the Preparation of the Unaudited Statutory Accounts of York City Church for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of York City Church for the year ended 31 December 2023 as set out on pages 10 to 23 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW) we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/ members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of York City Church, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of York City Church and state those matters that we have agreed to state to the board of directors of York City Church, as a body, in this report, in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than York City Church and its board of directors as a body for our work or for this report.

It is your duty to ensure that York City Church has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and of York City Church. You consider that York City Church is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of York City Church. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Ian Walker & Co Box Tree House Northminster Business Park Upper Poppleton York YO26 6QR 27 September 2024

Page 9

York City Church

Statement of Financial Activities for the Year Ended 31 December 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
Other income
3
Total income
Expenditure on:
Charitable activities
4
Total expenditure
Net (expenditure)/income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
15
Note
Income and Endowments from:
Donations and legacies
Other income
3
Total income
Expenditure on:
Charitable activities
4
Total expenditure
Net income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
15		 Unrestricted
funds
£
250,580
49,590
300,170
(345,881)
(345,881)
(45,711)
(45,711)
698,839
653,128
Unrestricted
funds
£
259,838
64,249
324,087
(230,723)
(230,723)
93,364
93,364
605,475
698,839		 Restricted
funds
£
21,153
39,254
60,407
(50,032)
(50,032)
10,375
10,375
6,827
17,202
Restricted
funds
£
23,909
-
23,909
(21,142)
(21,142)
2,767
2,767
4,060
6,827		 Total
2023
£
271,733
88,844
360,577
(395,913)
(395,913)
(35,336)
(35,336)
705,666
670,330
Total
2022
£
283,747
64,249
347,996
(251,865)
(251,865)
96,131
96,131
609,535
705,666

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 15.

The notes on pages 13 to 23 form an integral part of these financial statements. Page 10

York City Church

(Registration number: 04102023) Balance Sheet as at 31 December 2023

Note
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
12
Creditors: Amounts falling due within one year
13
Net current assets
Total assets less current liabilities
Creditors: Amounts falling due after more than one year
14
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
Unrestricted income funds
Unrestricted funds
Total funds
15		 2023
£
1,075,762
2,470
79,945
82,415
(17,367)
65,048
1,140,810
(470,480)
670,330
17,202
653,128
670,330		 2022
£
1,080,562
9,457
109,846
119,303
(16,513)
102,790
1,183,352
(477,686)
705,666
6,827
698,839
705,666

For the financial year ending 31 December 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The notes on pages 13 to 23 form an integral part of these financial statements. Page 11

York City Church

(Registration number: 04102023) Balance Sheet as at 31 December 2023

The financial statements on pages 10 to 23 were approved by the trustees, and authorised for issue on 27 September 2024 and signed on their behalf by:

......................................... Mr D Stevens Trustee

The notes on pages 13 to 23 form an integral part of these financial statements. Page 12

York City Church

Notes to the Financial Statements for the Year Ended 31 December 2023

1 Charity status

The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation.

The address of its registered office is: The Citadel Gillygate York North Yorkshire YO31 7EA

These financial statements were authorised for issue by the trustees on 27 September 2024.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

York City Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. For this reason, the financial statements ahve been prepated on a going concern basis.

The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties relating to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.

Page 13

York City Church

Notes to the Financial Statements for the Year Ended 31 December 2023

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the Charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Gift aid reclaimed is recognised against the donations to which it is related.

Donated services and facilities

Where services or facilities are provided to the charity as a donation that would normally be purchased from our suppliers, this benefit is included in the financial statements at it's fair value unless it's fair value cannot be reliably measured, then at the cost to the donor or the resale value of goods that are to be sold.

Gift aid

Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.

Page 14

York City Church

Notes to the Financial Statements for the Year Ended 31 December 2023

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £250.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate Office equipment 20% reducing balance Freehold property 1% straight line of the depreciable amount

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Page 15

York City Church

Notes to the Financial Statements for the Year Ended 31 December 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the periof of the relevant borrowing.

Concessionary loans with interest at below the prevailing market rate are initially recognised and measured at the amount received with the carrying amount adjusted in subsequent years to reflect repayments and accrued interest payable.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the statement of financial activities in the period to which they relate.

Financial instruments

Classification

The Charity only has financial assets and liabilities of a kind that qualify as basic financial instruments.

Recognition and measurement

Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exeption of bank loans which are subsequently measured at amortised cost using the effective interest method.

Page 16

York City Church

Notes to the Financial Statements for the Year Ended 31 December 2023

3 Other income

Rental income
Total for 2023
Total for 2022		 Unrestricted
funds
General
£
49,590
49,590
64,249		 Total
funds
£
49,590
49,590
64,249

4 Expenditure on charitable activities

Note
Staff costs
Allocated support costs
5
Governance costs
5
Total for 2023
Total for 2022		 Unrestricted
funds
General
£
156,932
187,149
1,800
345,881
230,723		 Restricted
funds
£
15,832
34,200
-
50,032
21,142		 Total
funds
£
172,764
221,349
1,800
395,913
251,865

In addition to the expenditure analysed above, there are also governance costs of £1,800 (2022 - £1,800) which relate directly to charitable activities. See note 5 for further details.

Page 17

York City Church

Notes to the Financial Statements for the Year Ended 31 December 2023

5 Analysis of governance and support costs

Governance costs

Independent examiner fees
Other fees paid to examiners
Total for 2023
Total for 2022
6
Net incoming/outgoing resources
Net (outgoing)/incoming resources for the year include:
Depreciation of fixed assets		 Unrestricted
funds
General
£
1,800
1,800
1,800
2023
£
7,205		 Total
funds
£
1,800
1,800
1,800
2022
£
6,791

7 Trustees remuneration and expenses

During the year the charity made the following transactions with trustees:

Donations made by the trustees without any conditions attached totalled £35,584 for the year (2022 - £24,570).

8 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs		 2023
£
160,402
4,965
7,397
172,764		 2022
£
121,708
3,909
6,738
132,355

The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:

Page 18

York City Church

Notes to the Financial Statements for the Year Ended 31 December 2023

Church leaders
Administration and pastoral support		 2023
No
2
2
4		 2022
No
2
2
4

6 (2022 - 6) of the above employees participated in the Defined Contribution Pension Schemes.

No employee received emoluments of more than £60,000 during the year.

The total employee benefits of the key management personnel of the charity were £125,467 (2022 - £118,915).

Page 19

York City Church

Notes to the Financial Statements for the Year Ended 31 December 2023

9 Taxation

The charity is a registered charity and is therefore exempt from taxation.

10 Tangible fixed assets

10 Tangible fixed assets
Cost
At 1 January 2023
Additions
At 31 December 2023
Depreciation
At 1 January 2023
Charge for the year
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022
11 Debtors
Other debtors
12 Cash and cash equivalents
Cash at bank		 Land and
buildings
£
1,071,755
-		 Furniture and
equipment
£
49,655
2,405
52,060
27,047
4,987
32,034
20,026
22,608
2023
£
2,470
2023
£
79,945		 Total
£
1,121,410
2,405
1,123,815
40,848
7,205
48,053
1,075,762
1,080,562
2022
£
9,457
1,071,755 52,060
13,801
2,218		 27,047
4,987
16,019 32,034
1,055,736 20,026
1,057,954 22,608
2023
£
2,470
2023
£
79,945
2022
£
109,846

Page 20

York City Church

Notes to the Financial Statements for the Year Ended 31 December 2023

13 Creditors: amounts falling due within one year

13 Creditors: amounts falling due within one year
Bank loans
Other creditors
Accruals		 2023
£
12,646
2,725
1,996
17,367		 2022
£
14,023
525
1,965
16,513
Creditors due within one year includes the following liabilities, on which security has been given by Creditors due within one year includes the following liabilities, on which security has been given by the charity:
2023 2022
£ £
Bank loans 12,646 14,023

Triodos Bank hold a fixed and floating charge over the property known as The Citadel, Gillygate, York.

14 Creditors: amounts falling due after one year

14 Creditors: amounts falling due after one year
2023 2022
£ £
Bank loans 470,480 477,686
Creditors amounts falling due after more than one year includes the following liabilities, on which security has been
given by the charity:
Bank loans 2023
£
470,480		 2022
£
477,686

Triodos Bank hold a fixed and floating charge over the property known as The Citadel, Gillygate, York.

Other loans consist of concessionary loans which have been recognised at the amount received and are not revalued to reflect the below market rate of interest charged. The loans are unsecured and interest free.

Page 21

York City Church

Notes to the Financial Statements for the Year Ended 31 December 2023

15 Funds

15 Funds
Unrestricted funds
General
Restricted funds
Total funds
Unrestricted funds
General
Restricted funds
Total funds		 Balance at 1
January 2023
£
698,839
6,827
705,666
Balance at 1
January 2022
£
605,475
4,060
609,535		 Incoming
resources
£
300,170
60,407
360,577
Incoming
resources
£
324,087
23,909
347,996		 Resources
expended
£
(345,881)
(50,032)
(395,913)
Resources
expended
£
(230,723)
(21,142)
(251,865)		 Balance at 31
December
2023
£
653,128
17,202
670,330
Balance at 31
December
2022
£
698,839
6,827
705,666

16 Analysis of net assets between funds

16 Analysis of net assets between funds
Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets		 Unrestricted
funds
General
£
1,075,762
65,213
(17,367)
(470,480)
653,128		 Restricted
funds
£
-
17,202
-
-
17,202		 Total funds at
31 December
2023
£
1,075,762
82,415
(17,367)
(470,480)
670,330

Page 22

York City Church

Notes to the Financial Statements for the Year Ended 31 December 2023

Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets		 Unrestricted
funds
General
£
1,080,562
112,476
(16,513)
(477,686)
698,839		 Restricted
funds
£
-
6,827
-
-
6,827		 Total funds at
31 December
2022
£
1,080,562
119,303
(16,513)
(477,686)
705,666

Page 23