THE PEOPLE’S EVANGELISTIC MISSION (NORTH SHIELDS) ENDOWED CHARITY
TRUSTEE’S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
Charity No: 1091259
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THE PEOPLE’S EVANGELISTIC MISSION (NORTH SHIELDS) ENDOWED CHARITY
CONTENTS
| Trustee’s Report | 3-6 |
|---|---|
| Independent Examiner’sReport | 7 |
| Statement ofFinancial Activities | 8-9 |
| Balance Sheet | 10 |
| NotestotheAccounts | ja |
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THE PEOPLE’S EVANGELISTIC MISSION (NORTH SHIELDS) ENDOWED CHARITY
TRUSTEE’S REPORT for the year ended 31 August 2025
The Trustee presents his report and accounts for the year ended 31 August 2025
CHARITY REFERENCE & ADMINISTRATION DETAILS
Name
The Charity operates under the working name of North Shields Evangelical Church
Registration Number
The Charity Commission registration number is 1091259
Address
The contact address of the Charity is:C/o. 42, Laburnum Gardens, Jarrow, Tyne and Wear, NE32 5NF
Trustee
The trustee who served during the year and in office at the date of this report was as follows:-
Mr. Ronnie Swift Mr. Matthew Lowe Miss Margaret Swift Mrs Janine Lowe
Trustee Changes
All trustees have been in office throughout the year and there have been no further appointments or resignations.
Secretary
Miss Margaret Swift has acted as Secretary throughout the year.
Bankers
TSB Bank ple, Ellison Street, Jarrow Tyne and Wear
Stock Brokers
Brewin Dolphin, 12 Smithfield Street, London, EC1A 9BD
Independent Examiner
David Hodgson, MBE, Chartered Accountant, 71, Howard Street, North Shields, NE30 1AF
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CHARITY STRUCTURE, GOVERNANCE & MANAGEMENT
Governing Document The Charity is an Endowed Charity formed under a Scheme dated 21*' March 2002
Recruitment & Appointment of Trustees The present trustees were appointed because of their involvement with the Christians meeting as North Shields Evangelical Church.
Induction and Training of Trustees The process of induction and training of new Trustees is under the personal guidance and supervision of the existing Trustees.
Organisational Structure and How Decisions are Made The day-to-day management of the Trust is handled by the Trustees and the Diaconate with financial transactions undertaken by the church Treasurer.
Relationships with Related Parties
The administration of the Trust is undertaken autonomously, although it operates from and takes responsibility for the running costs of a church building in George Street, North Shields held under separate trusts regulated by a conveyance dated 7" June 1957. The Trust is also a member of the Fellowship of Independent Evangelical Churches (FIEC) from which guidance is received from time to time.
Risk Assessment The Trustee recognises his responsibilities and is committed to minimise all the risks that the Trust may face. The major risks to which the charity are exposed are identified by the Trustees in terms of both probability and potential risk and are reviewed regularly together with systems and procedures to manage those risks. The major risk of the Trust to the public is that arising from the Trust’s activities within the church building. These risks are mitigated, initially by insurance cover and by a system of preventative maintenance to the building. Financial risks are that of maintaining a suitable level of income to satisfy maintenance expenses of the building and an option to employ a pastor. These risks are mitigated by maintaining a suitable level of reserves to guard against possible fall in future income.
OBJECTIVES & ACTIVITIES
The Objects of the Trust
To promote the advancement of the worship of God by the congregation meeting at the church hall and also by reaching out to the local community and to the greater world-wide community.
The Aims of the Trust In practice, the Trust has engaged in providing the following —
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Church services on Sunday mornings and occasional Sunday afternoons, including at a local Assisted Living Complex
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A Bible Study group on Thursdays 3. Prayer Meetings once a month
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Provision of “Food-bank” relief parcels to impoverished local residents who find themselves in need.
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Provision of resources for women in a local women’s refuge 6. Support in world-wide Christian outreach by its international support for New Hope for Children that finances children’s work in Bogota, Columbia and through support of Asia Link.
The Main Objectives for the Year
The main objectives continue to be that of advancement of the worship of God and the extension of His kingdom in the local community and the wider world sphere.
Strategies of the Trust
The Trust has been guided during the year in its activities by the elders and diaconate of the church.
Significance of Achievements
The Trust continues to make an impact for good in its activities in the local community and in areas further afield by its interest and practical financial support for the work in Columbia and Asia and beyond.
ACHIEVEMENTS AND PERFORMANCE
Review of Charitable Activities
The Trustee considers that the performance of the trust in its testimony within the local area to have been satisfactory again this year. The outreach work during year is primarily based from the church hall. The work to provide food parcels to impoverished individuals or families in the local area who found themselves in need has continued throughout the year. The trustee wishes to place on record his grateful thanks to all who have so faithfully supported the work of the church throughout the year.
Review of Investment Performance
An element of reserves have been managed by Brewin Dolphin by an investment in M&G Securities Ltd Charifund. Despite turbulence within the financial markets, the investment has performed at an acceptable level during the year.
FINANCIAL REVIEW
Reserves Policy
The Trustee recognises the need to establish and maintain a level of reserves that enables financial stability, that meets the requirements of working capital and cushions against fluctuations of income levels and in the financial performance of the Trust. It is envisaged that this policy will continue for the time being.
Principal Funding Sources
The Trust relies for the major part of its income from collections and donations from the Christians who attend the church hall and this is supplemented by an element of income earned from cash and investment balances.
Investment Policy
Investments of the Trust are managed by stock brokers and financial advisers Brewin Dolphin Ltd with a view to achieving a balance of income and capital growth with a medium risk profile.
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PLANS FOR FUTURE PERIODS
The objectives for future periods continue to be those as set out earlier in this report and to this end, the Trustee welcomes anyone who would wish to join with the church members in the advancement of the current activities and testimony of the church. There is no proposal to appoint another full-time pastor to the church at the present time as it is felt that the work can continue through reliance on lay-preachers and guest speakers.
During the past year, on-going discussions have been taking place with Christ Church Newcastle to explore whether there would possibilities of working together by way of support or partnership to further enhance the work and impact of our local church. Discussion are continuing to explore ways of progressing this further.
STATEMENTS OF TRUSTEE’S RESPONSIBILITIES
Trustees are required under the Charities Act 2011, to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements the trustees should follow best practice and:-
1) select suitable accounting policies and apply them consistently;
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2) make judgements and estimates that are reasonable and prudent; 3) state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
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4) prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity will continue in operation Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with applicable law and regulations. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approval ae This report was approved by the Trustee on sesseerac garevnrtievssevsens
(RONNIE SWIFT)
for The People’s Evangelistic Mission (North Shields) Endowed Charity
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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE PEOPLE’S EVANGELISTIC MISSION (NORTH SHIELDS) ENDOWED CHARITY for the year ended 31 August 2025
I report on the financial statements of the charity for the year ended 31 August 2025 which are set out on pages 2 to 11.
Respective responsibilities of trustees and examiner
The charity’s trustee is responsible for the preparation of the accounts. The charity’s trustee considers that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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(a) examine the accounts (under section 145 of the 2011 Act (b) to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act, and
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(c) to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with General Directions given by the Charity Commission. 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 the trustee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in 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
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(1) which gives me reasonable cause to believe that in, any material respect, the requirements:
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(a) to keep accounting records in accordance with section 130 of the 2011 Act); and (b) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
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have not been met
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(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. e aMS as DAVID HODGSON, MBE, FCA, ACIB Chartered Accountant
71 Howard Street North Shields Tyne & Wear NE30 1AF Dated ...4..8%: 2028...
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THE PEOPLE’S EVANGELISTIC MISSION (NORTH SHIELDS) ENDOWED CHARITY
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 August 2025
|||/-------------2()25-------------|/-------------2()25-------------|/-------------2()25-------------|2024| |---|---|---|---|---|---| |||Permanent|Unrestricted|Total|Total| |||Endowment|Funds||| |INCOMING RESOURCES|||||| |General Collections|||14,551|14,551|12,404| |Other Donations|(Note 2)|7,647|9,138|16,785|2,710| |Tax Refunds on Gift Aid|||2,710|2:710|2:7.10| |Investment Income|||||| |Charifund Dividends|||2571|2,571|2,496| |Interest Received|||158|158|163| |Total Incoming Resources||£7,647|£29,128|£36,775|£20,483| |RESOURCES EXPENDED|||||| |Charitable Activities|||||| |Utility Costs|||2,050|2,050|1,101| |Insurance|||1,027|1,027|934| |Speaker’s Expenses|||200|200|-| |Subscription (FIEC& Pastors’|Assoc.)||912|912|840| |Donations Paid|||||| |New Hope for Children|||2,400|2,400|2,400| |Asia Link|||1,200|1,200|1,200| |Salvation Army|||500|500|-| |Others|||628|628|-| |Outreach Work|||154|154|88| |Copyright Costs (2 yrs)|||453|453|-| |Repairs& Servicing|||395|395|2,601| |Sundry Expenses|||270|270|270| |Governance Costs|||-|-|-| |TotalResourcesExpended||-|£10,189|£10,189|£9,764|
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THE PEOPLE’S EVANGELISTIC MISSION (NORTH SHIELDS) ENDOWED CHARITY
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 August 2025 (continued)
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|---|---|---|---|---|---|---|---|
|/-------------2|()25-------------|2024|
|Permanent|Unrestricted|Total|Total|
|Endowment|Funds|
|NET|INCOMING|RESOURCES|
|BEFORE|HOLDING|GAINS|7,647|18,939|26,586|10,719|
|Net|(losses)/gains|on|investments|-|679|679|2,713|
|NET MOVEMENT|IN FUNDS|7,647|19,618|27,165|13,432|
|TOTAL|FUNDS BROUGHT FORWARD|7,648|141,165|148,813|135,381|
|TOTAL FUNDS CARRIED FORWARD|—|£15,295|= £160,783|£176,078|£148,813|
----- End of picture text -----
The notes on page 11 form part of these accounts
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THE PEOPLE’S EVANGELISTIC MISSION (NORTH SHIELDS) ENDOWED CHARITY
BALANCE SHEET as at 31 August 2025
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|2025|2024|
|£|£|£|£|
|FIXED|ASSETS|
|Investments|(see|Notes|1e-f)|
|M&G|Securities|Ltd|-|Charifund|32,790|32.114|
|NS&]I|Savings|Bond|3,000|3,000|
|Total|Fixed|Assets|35,790|35,111|
|CURRENT|ASSETS|
|Cash|at|Bank|106,508|82,323|
|Building|Society|Deposit|2,348|2,296|
|Cash|with|Stockbrokers|31,001|28,699|
|Cash|in|Hand|43]|384|
|Total|Current|Assets|140,288|113,702|
|CURRENT|LIABILITIES|
|Amounts|falling|due|within|one|year|-|-|
|(None)|
|Total|Current|Liabilities|-|-|
|Net|Current|Assets|140,288|113,702|
|Net|Assets|£176,078|£148,813|
|FUNDS|OF THE|CHARITY|
|Endowment|Fund|(Note|2)|15,295|7,648|
|Unrestricted|Income|Fund|160,783|141,165|
|Charity Funds|£176,078|£148,813|
----- End of picture text -----
Approved by the Trustees on .........sse+e+eeeeee and signed on their behalf
(RONNIEsySWIKT) (MATTHEWa LOWE) For The People’s Evangelistic Mission (North Shields) Endowed Charity The notes on pages 11 form part of these accounts
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THE PEOPLE’S EVANGELISTIC MISSION (NORTH SHIELDS) ENDOWED CHARITY
NOTES TO THE ACCOUNTS
Note 1.— ACCOUNTING POLICIES
(a) Basis of preparation
- The financial statements have been prepared under the historic cost convention. The financial statements have been prepared in accordance with the Statements of Recommended Practice: Accounting and Reporting by Charities (SORP 2005) issued in March 2005 and applicable UK Accounting Standards and the Charities Act 2011.
(b) Funds Structure
- The charity is comprised of a Permanent Endowment fund created by a transfer from North Shields Town Mission Society in 2002 and the income from Church collections and donations, all income being wholly unrestricted. The aims and objects of the Trusts are set out in the Trustees Report.
(c) Incoming resources
- All incoming resources are recognised once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability.
(d) Resources expended
- Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an cash basis and has been classified under headings that aggregate all costs related to the category.
(e) Realised gains and losses
There has been no realised gains or losses on investments during the year.
Note 2— DONATIONS RECEIVED
During the year the Charity received a donation from The Gospel Hall Endowed Charity (Reg 1091236), of which £7,647.48 was “Permanent Endowed Funds” being formerly Permanent Endowed funds from The North Shields Town Mission Society. Accordingly, the donation is shown on the Balance Sheet as “Endowment Fund”
Note 3 - REMUNERATION
No remuneration has been paid to any Trustees
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