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 - A church weekend away was held in the Yorkshire Dales to enable the people of York City Church to meet with - God, to be filled with fresh faith and to spend time together - A ‘Season of giving’ was held during the month of May; the money was allocated to the following (some of which are included later in this report in further detail): - church weekend away - the Welcome Café - mental health and well-being events - Yahala Mataam - church planting in the nations through Christ Central Churches - maintenance projects in the Citadel. ## _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 - ‘Hope for the City’ citywide prayer gatherings were hosted at the Citadel - Participated in Christ Central Yorkshire Together day in Leeds with other churches - Held a Leaders’ Evening to encourage, support and pray for those who lead people in the church • Held four ‘Intro’ evening as an opportunity for non-Christians to learn more about the church and the Christian faith - Monthly worship and prayer evenings were held at the Citadel - Community groups continued to meet in homes around York and gather monthly at the Citadel to pray - Hosted a Christmas ‘extravaganza’ event as an opportunity to invite non-Christians to the Citadel Page 4 ## **York City Church** ## **Trustees' Report** ## _3. To relieve people in need, hardship or distress_ - Continuation of a Foodbank distribution centre to relieve local people in crisis • 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 - During Refugee Week York City Church hosted the regular Welcome Café and hosted two events with Yahala - Mataam: a Syrian and an Afghan restaurant night • 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 - Creation of a new group known as “The Well”, which was official launched in January 2024 to provide support - and care for those struggling with, or wanting to improve their mental health and wellbeing in York. The aim of this group is to connect people in with a supportive community to find a place of hope and help, and to encounter the love and compassion of Jesus. - Continued support for community benefit organisations, including Reflect (Pregnancy Counselling Service in York and North Yorkshire) - Continued to be part of the Welcome Churches Network; this was a very helpful relationship especially in - welcoming Iranian asylum seekers to York City Church - A series of evening events focused on mental health and well-being were launched. These free events tackled - issues such as relationships, depression and stress. _4. To educate and assist young people, through their leisure time activities, so as to develop their physical, mental, social and spiritual capacities_ - Continuation of the youth group for 11-18 year olds - Continuation of regular children’s work activities available during the main Sunday meetings. The children’s work groups provide age-appropriate support and teaching - Continuation of SYA (students and young adults) sessions created to equip, disciple and connect students and - young adults - Student lunches continued to be provided by members of the church after a Sunday meeting in addition to ‘bring - and share’ lunches at the Citadel - Baby blessings and baptisms took place three times throughout the year. 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: - Sunday morning church services - Regular prayer meetings - A weekly food bank distribution centre - Hosting ESOL lessons - Hosting the all nations Welcome Café - Hosting a series of new mental health and well-being evening events - Hiring of the building to local /community groups. 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: - select suitable accounting policies and apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. 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 members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and - The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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