TEES VALLEY COMMUNITY CHURCH tvc church TEES VALLEY COMMUNITY CHURCH ANNUAL REPORT & AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025 *AF2PIQY2' COMPANIES HCLSE 01642 781919 Tees Valley Community Church. The Oakwood Centre. Clea5by Way. Eagle5cliffe TS16 ORD admin@tvcchurch.or8.uk www.fvcchurch.org.uk Registered Charity No.- 17145961ACompary Limited byGuaranlee OS735104 TEES VALLEY COMMUNITY CHURCH ANNUAL REPORT & AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 INDEX Trustees. Annual Report linduding Directors, Report) 8-10 Auditorfs Report to the Trustees li Statement of Financial Activities 12 Balance Sheet 13 Cash Flow Statement and Reconciliation of Net Income to Net Cash Flow from Operating Activities 14-24 Note5 to the Financial Statements Page I TEES VALLEY COMMUNITY CHURCH TRUSTEES ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) for the year ended 31st August 2025 The trustees are pleased to present their annual ￿port and financial statements of the charity for the year ended 315t August 2025 which are also prepared to meet the requirements for a direttors. report and accounts for Company Art purposes. The financial statements have been prepared in accoidance with the accounting policie5 Set out in the note5 to the accounts and comply with the charity's 8overnin8 documents and the company's Memorandum and Articles of Association. Reference and Admlthlstration Oètails The chariws name is Tee5 Valley Community Church. Charity Registration Number- 1114S% Company Number.. 05735104 Registered and Principal Office.. The Oakwood Centre. aeasby Way. Eag￿S(lI￿t. Stockton-on-Tees. T516 ORD Banker5'. H58C, 136 Hi8h Street. Stockton-on-Tees, TS18 ILR Auditors.. Baines Jewitt Limited. Spitfire House, 19 Falcon Court. Preston Farm Industrial Estate. Stockton-on-Tees. T518 3TU Trust nd Dir rors The Trustees of the charity are the directors for the purposes of charity law. The trustees and officers who served durin8 the year and since the year end were as follows.. Martin Dunklev Matthew Biddlecombe Steven McFarlane Julie Marlev Graham Bond Janet West Andrew Malbon Gary Sharples Olayemi Ekisola Company Secretary- David Marfey Ke mana ement ersonnel The day to day runnine of the church is delegated to the Senior pastoral and operational staff. The staff ère led by the senior leaders Martin Dunkley, Lynda Dunkley and the Executive staff team of Matt Biddlecombe. Oavid Marley, Matt Horner and steve McFarlane. The senior staff leadership team is as follows: Martin Ounkley- Senior Leader Lynda Dunkley- Senior Leader Matthew Biddlecombe- Dbrector of 5tr3te8ic Operations Matthew Horner- Execuiive Pastor David Marley- Executive Pastor Sarah Glasby- Operations Manager Steven Mcfarlane- Oirector of Evangelism Page 2 Ob ectivÈs and Actlyities The main objectives of the charity are.. al To advance the Christian faith in accordance with the ststement of beliefs. bl The relief of persons who are in conditions of need or hardship or who are aged or 5Trck. cl The provision of instruction in principles of the Christian faith. dl To Provide and maintain service5 and facilities for the benefit of the community of Tees Valley and the surrounding neighbourhood. The main activity is the provision of a Christian church and a5S0Ciated ortivitie5. In planning the activilie5 of the charity. the Iru5tees have considered the Charity Commission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. The Chari￿s activities of advancement of the Christian faith and associated activities are available to the people of Tees Valley and the wider area to make a positive contribution to the local and wider comrnunity- The strategies for achieving ovr aims include Week￿ Sunday services. regular meeting and activity groups. events, training and outreach Ongoing activities will continue in the short and long term. There is a long-term aspiration to develop the Enterprise Village. The Charity provides significant finèncial and non-financi31 support to fellow Christian causes based localty. in the wider area and overseas. Volunteers make a SiRnificant contributionto ourBeneral arti¥itie5 and ourvarious attivity and training 8roups. Approximately 300volunteers gave their service5 during the year. hie¥ements èrforman The Charity continued to build on and fulhl its objectives during the year_ It continued to successfully advance the Christian faith through weekly Sundèy meetings and through a network of mid-week small group meetlngs. A wide range of events. courses and working parties. focusing on the spiead of the gospel. have continued. The charity continues to monitor all its activilies to ensure it is on course to achieve its objectives of advancin8 the Christian faith. The main measure of the CharitVs achievements is the number of people attendin8 the weekly Sunday meetings, the mid-week small group meetings and the various other courses. events and attivities run. The continued increase in the nurnber of people attending the Sunday morning seNices has meant we have now started running a second service on a Sunday morning. With an increase in the number of people attending the Chariws events, we are 5tartin8 to see thi5 result in an increase in donations and therefore the Charity will be able to expand the level ol auivities it undertakes. The Charity has seen a number of new pewe start to come to the Church with regular attendan¢e increasing year on year. The Charity continues to provide support for 3 variety of good causes both locally and internationally. In terms of oversea5 missions, the Charity ha5 provided financial support to a variety of countries including Kazakhstan, Thailand and Indta. The Charity has provided significant support to church partners in Ukraine. The Charity tontinues to develop links With churches in Thailand, Canada and the USA as part of the plan to develop its international partnerships and has received a team of students from the USA to work into the Charity's activities and has sent team5 to Thailand to help work of the local church. The Charity hès provided financial support for esiablishrnent and continued 3ctNities of a number of Christian churche5 Wlthin the North East of England through our partnership with Taking Grovnd. Specifically. the Chariiy has supported new church plant5 in the Consett and Noithallerton, providing both linancial support and leadership training for the team heading up the new church plants. Through our partnership wth Three13 Training and Enterprise Lirnited the Charity has increased its work and financial 8iving io the most deprived people and communities in our region. supporting a number of new and existing projects and initiatives. The Charity ha5 3 partnership with The Message Trust. a Christian charity based in Manchester. A lotal North East hub has been Set ¢Jp. and the Charity is working with The.Message Trust on local projetts servin8 the most socially deprived communities in the Tee5 Valley area. These include setting up a new Community Grocers in Southbank to provKle aftordabbe 5hoppiry to the most economically deprived. The Charity also works with Junction 42 which is charity working in prisons and communitie5. SUPPOrting people throughout the journev of custody and rehabilitation. We continue to see a number of ex-offenders engaging in our service5 and provision through this partnership. Page 3 Over the last financial year, the church has also started working in partnership with Hope into Action UK. which is a charity working with local churches to provlde housing for the homeless. The church has acquired leases on its first 2 houses over the last financial year. The church has olso started to work in partnership with Clean Slate Solution5. which is 3 charity aiming to get ex-offender5 into employment. We are establishing a new bicycle restoration and sales Ènterprise. Rebolution Bikes. The inittative will work alongside ex-offender5 to refurbish and fesell bicycles retovered by the police where ownership cannot be traced. The hope 15 to see ex-gffenders trained and skilled in bike restoration and also sale5 and stock managernent to give them real life job skills to help them into employment. Finantlal revlew Financial Summ The overall income for the year was £1.202,147 compared to £1.063.363 in the previous year. The increase was due to significant growth in donations and 8ift5. The overall expenditure for the year was £1.096.883 compared to £1.1fy5.LM)3 in the previous year. The net PQ51tion for the year was a surplus of £105.264 compared to a defitit of £42.640 in the previous year. Ma of rlsks fatin the Chari High inflation and increase in CO￿ tosts due to h￿h inflation and ener8Y Costs. A reduction or withdrawal of gift aid if government policy changes. Significant drop in tithes and gifts.. and Signific3nt unforeseen expenditure. likely to be related to property. k mana emen The Tru5tee5 have a duty to identify and review the risks which the Charity is exposed to. To enable the Trustees to manage ri5k5 we have SyStem5 Qf internal control to protect and mitigate against any reasonabty foreseeable risk. The control systems Include.. Annual forecasting and bud8etin8 5ettin& approved by the Trustees. Regular Trustee meetings where financial reports are reviewed. Risk assessments. Delegation of duties. We regularly review the main risks faced by the church and the rnain rt5ks that have been identified for a church like ours are finance, safe8uardin& health and safety, leadership moral failures, buildinE maintenance and Security. We ust a variety of people from *ther within the church or external third parties to provide advice and guidance on the relevant areas of risk. We use people with expertise in the different areas of risk to provide Specialist and expert advice. We believe that the internal financial contTols compfy wilh the relevant Charity Commission guidan￿. sh Reserves Poli The Trustees have set a reset¥es policy which requires maintsining free cash balances in the general fvnd amounting to three rnonths staff salaTiè5. Aeservts should be maintained at this level which ensures that the Charitys core activity could tontinue during a period of unforeseen difficulty. The reserves Should be rnaintained in an easily accessible forrn. The calculation ol the Feqvired level of re5er¥es is an integral part of the organisation's annual planning, bud8et and forecast rycle. It takes into account risks a550ciated wiih each St￿aM of income and expenditure being different from that budgeted. Planned aclivity level, nd the Church's commitments to it$ stakeholders. Unexpected shutdown of the Church. Future spendin8 plans and expected liabilities and anticipated buildin8 Costs. It also rellects a5 far as possible the current economic climate and trends. The reserve5 policy will be reviewed by the Trustees every 12 months. The last approved target reserves figure Iseptember 20251 is E142.CKIO and at the end of August 2025 reseThe5 Stood at £111.888 excluding restricted funds compared to £26,570 excluding restricted funds at the end of August 2024. The improvement in the year was due to the Page 4 growth in donation5 and gifts_ Trustees are confident thai the continued growth in church membership will lead to further growth in donations and 8ifts and this. combined with keepin8 costs under tl8ht control, will lead to the reserves tar8et bein8 achieved. Plans for future erlods As a church we are looking to consolidate our financial position to enable greater support for new and exitting ministries. This will enable us to SUPPOrt new and existing ministries and charities that support people living in poverty and suffering financial hardship and io enhance the lives and opportunities of all people in the Tees Valley area. but specifically th05e with the greatest need5. As we continue to grow. specifically in the numbers of people who have been attending our Sunday meetings, we are considering options should the congregation grow beyond the capacity of the building. We are also considerin8 further staffing to meet the needs of a growing congregation. As we look to continue to grow 35 3 church we have ￿-shaped the leadership team, to help drive forward the growth of the church and also any new staffing needs to facilitate the increased number of people and actbvlties. As a church we are 3150 planning to set up a partnership with a company called Acorn Alternative Provision Ltd who run Alternative Provision IAPI education services. We hope to open the AP centre in the churth within the next 12 months. As we continue to set the vision and direcrion of the church in the future, we are continuing to focus on vision driven budgeting and implementing new policles and structures to enable thi5. Structure Govern e and Mana ement Governin Document Tees Valley Community Church is a company limited by guarantee 8overned by its Memorandum and Articles of Association 8th March 2006 as amended by special resolution dated 12th April 2015. It is registeied as a charity with the Charity Commission. Members of the charttv guarantee to contribute amounts not exceedin8 £1 to the asset5 of the charity in the ￿nt of winding Ilp. ointment of Trustee5 Dtrectors The Trustees keep the comp051tion of the board under r￿leW afid will seek to appoint additional members with appropriate skills and expertise should the need arise. Interested parties are 8i¥en details of the background of the charity in order to make them aware of current activities. The methods of appointment of Trustees are set out in the Articles olAssociation. Members may propose the appointment of a person as a Trustee at any 8eneral meeting by followin8 the notice and other requirements set out in the Articles. The charily rnay by ordsnary resolution appoint a person who is willing to art as a Trusteè. Persons willing to be appointed as Tfustees must subscribe to the Statement of Faith attached to the Article5. In selecting individua15 for appointment. the Trustees are required to have regard to the skills, knowledge and experien¢t required for the effertive #dministration of the tharity- The Trustees have recognised that there is a need to develop a training policy for the TnJstees. Steps will be taken to finalise this in the coming months. Statement of Re onsibilities ol ih Tr stees The Tru5tee5 Iwho are also the dirertors for the purposts of t¢)mpany lawl are responsible for preparing the Trustees. Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accountin8 Practi¢el. Company law requires the Trustees to prepare financial statements for each financial year which gNe a true and fair view of the State of ffairs of tht church (the charity and company) and of the income and expenditure for that period. In preparing these financial statements, the tiustees are required to.. Select suitable accounting policie5 and apply them Consistent￿. Observe the methods and principles in the Charities SORP 2019 IFRS 1021. Page 5 Make judgments and estimates that are reasonable and prudent. State whether appltcable UK Accounting Standards and the Charities SORP Istatement of Recommended Prarticel have been followed,. and Prepare the financial sratemertt5 on a goin8 concern basis unle55 It 15 inappropriate to presume that the church will continue in operation. The Trustees are also responsitAe for- Ensuring that proper accounting records are kept that disclose. with reasonable accuracy at any time, the financial position of the church. Safe8uardin8 the assets of the church. Takin8 reasonable step5 for the prevention and detection of fraud and other irregularities. Ensuring the church complies with the requirement5 of the Charities Act 2011. the Companies Art 2(KJ6, and other applicable legislation. En5urin8 that activities undertaken align with the church's charhtable objertive5 and do not Stray inio non-charitable purposès. Providing effective Éovernance and oversight for all operat￿nS. including spiritual. pastoral. cornmunity, and commercial activities. As 3 faith-based organisation. theTrvstees a150 recognisetheir responsibilityio uphold the mission and value5 of the church in all its activitie5 and decision5. They commit to maintaining integrity. transparency. and aciountability in both SPiTltual and financial stewardship. A5 far as the Trustees art aware.. There is no relevant audit information of which the charivs auditor is unaware,. and The Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. ectsion rnakin nd mana ment The Trustees meet bi-monthly to discuss finances. strategic and operational issues and the Trustees have responsibility for all le8al decision making. The church Elder5hip team meet twite a month to di5CUSS thurch ministry artivities and rnake decisions on the vision and direction of the church. There is also an E¥ecutive staff team that meet5 weekty to make decisions on the church ¥ision and how this will be implemented in practice. Day to day decisions are delegated to operational staff and ernployed Pastors. All church staff are encouraged to make proposa15 and SU88estions lor discussion at the meeting of Trustees of the Executive Team fneetings. Ke Mana ement Personnel Pa Reviews As with all Staff, pay increases are considered annually by the Trustees. When revtewin8 salaries the Trustees have consideration of both the charitable and private Sector a5 benchmarks. Any Trustee with a conflict of In￿reSt will absent themselves from any di5CUS5i0n5 on pav reviews for themselves or other parties who they have an interest in. arties and Collab￿atIonS In pursuit of its objectives, the Charity svpports and collaborates with a number of other charitable organisation5 and local churches. Three13 Trainin nd Enter rise Limited ThTee13 Training 3nd Enterprise Limited is a local charity that work5 pn a variety of projects. mainly working with people from socially deprived backgrounds. providing training and job opportunities to help people gain employment. In partnership with Three13 Tr8inin8 and Enterprise Limited. we have developed our site to include office space and work experience opportunitie5 lor Three13 Training and Enterprise Limited to use in their training programme5. Three13 Training and Enterprise Limited 15 a close partner of the Charity. and we have been working tO8ether to see people's lives and prospects changed, providing formal trainin8 and individual mentoring for the learners working with TVCP. Page 6 Ground This 15 a grDUP of churches connecied together and based in the North East of England and North Yorkshire. A5 a grovp ofr churches. we work together to support each otherfs wo￿. providing joint leadership and training opportunities. Working together with Taking Ground. the Charity ha5 established a bible schod at our centre and the main teachin8 on the bible school has been provided by members of the Charity. Ground Mu Taking Ground Music serves not only our churth, but all the churches together in Takire Ground. providing ¢reatives resources and creating new music and WOrsh￿p events for the wider community to take part in. Christians A ainst Pove CAP CAP is a Christian charity in the United KinEdwn founded in Bradford. West yorkshi￿ by John Kirkby in 19%. It is a national organi5ation specialisin8 in debt toun5elline for people in ffinancial difficulty, including those in need of bankruptcy or insolvencv. It also provides Job Clubs for those seeking employment anLI Fresh Stsrt Courses for people looking to overcome addictions and dependencies. We have an employed worker base(l in ovf p￿miseS providing the full debt and advice seNice to cuStorne￿ based in the Stockton area and helping with practical needs such as food hamper5 and finding furniture and cFothes for people. The Messa Trust The Message Trust is a Christian charily working to improve the li¥e5 of young people in the UK and beyond through woik in schools. prisons and communities. Working in partnership with churche5 and other organisations. The MessageTrust is in contact with around IOD.ODO young people each year. The Message Trust have set up a North East hub based in our centre, and we are working in portnership to help people from the most sotially deprived area5 of the Tees Vallev. We work c105ely with The Me553ge Trust to run 3 Community fjrocer5 to provide affordable food to local comrnunities and also to run Eden Projects. which are aimed at bringing transformation to lotal commvnitie5. Junttion 42 junction 42 works in prisons ar￿ communities across north east England and central Scotland. supporting people throughout the journey of custody and rehabilitation. Their vision is to see the lives of offenders and their cornmunitie5 Visib￿ transformed ihrough support. empowerment and opportunity. The support is lasting and is built around, Employability & Entrepreneurship. buildtng up confidence and experience to develop work-reJdv skillset5 and entfepreneurial mindsets. We work together to provide support, mentoring and asslstance to reconnect people with the world and to help them back into jobs. We also rvn a weekly church servicejointly with Junction 42 and the Moses Project in Stotkton where we are thè lead church sUPPOrtln8 the event. Pa8e 7 Ho into Attion UK Hope into Action is a chanty workin8 Wlth local churches to provide hthJsin8 for the hornele$5. Their vision is to see every ¢hurch in the UK have a house thai is a safe and secure space for those who have experienced homelessness. The Ihurch 15 woikinB to provide supported l*)u5ir% for hornele55 people aEr05S the Teesvalleyand currentty hove lease5 on 2 houses. Clean Slate Solu The w5ion to provide ex-offenders a pathway into meaningfvl aThJ gJ5tainable ernployment is essential to"enable them to leave the past behind and becorne contributing mernber5 of Soc￿ty. We are estab115hin4 i new bicycle restoration and 5ale5 enterprise. Rebolution 8ikès. The initiative wll work alongside ex•ffenders io refurbish and resell bicydes recovered by thÈ Dtslice where ownership tanhot be traced This report has been Prepa￿d in accordance wilhthespeoal proV￿10nS relati￿tOr0fflp0.TrIes subject to Ihesmall Companies Regin* within Part 15 of the Companies Att 2rxi6. This Report Wa5 4pproved by the 8o*d on.. Si8ned on its behalf by". atthew 8iddlecombe- Oirector and.T¢ustee Page 8 TEES VALLEY COMMUNrrY CHURCH AUDITOR'S REPORT TO ThÉ TRUSTEES for the year ended 31st August Z025 Oplnton We have audited the financial staternenis of Tees Valley Community Church Ithe'charitable cornpanrfl for the year ended 31 Augusi 2025 which comprise the Statement of Financial Activities including Income and Expend¢ture Account. the Balance Sheet. the Statement of Cash Flows and notes to thefjnancial statements including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and Uniled Kingdom Accountine Standards including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. give a trveand fairview of the state ofthecharitable compantls affairs as at 31 August 2025 and of irsincoming ￿50￿￿te$ and application of resources, including its income and expenditure, for the year then ended,. have been properly prepared in accordance wrth United Kingdom Generally Accepted Atcounting Practice," and have been prepared in accordance with the requirements of the Companies Act 2006. 8a5is for Opinlon We conducted our audit in a¢¢ordance with International Standards on Auditin8 IUKI IISAS IUKII and applicable law. Our responsibilities vnder those Standards are further described in the'Auditor's Responsibilitie5 for the Audit of the Financial Statements. section of our ¥eport. We are independeni of the charitable company in accordance w¢th the ethical requirements that are relevant to our audit of the financial statement5 in the UK. includin8 the FRC'S Ethical Standard. and we have fulfilled our other eihical responsibilities in accordance with these requirements. We believe that the audit evidence we howe obtained is sufficieni and appropriate to provide a basis for our opinion. Conclusions relating to Going Concern In auditing the financial statements. we have concluded that the Trustees. use of the goin8 concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relatin8 to events or conditions that, individualty or collectively, may cast 5i8nificant doubt on the companKs ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilitie5 and the responsibilitie5 of the Trustee5 With regard to going concern are described in the relevant sections of thls report. Other Informatlon The other information comprises the information includetl in the Trvstees. annual report. othev than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other inft)rmation and. except to the exrent otherwise explititly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and. in doing so. constder whether the other information is materially inconsistent wilh the financial statements of our knowledge obtained in the course of the audii or otherwise appears to be materially misstated. If we ideniify such material inconsistencies or apparent material rni55tatements, we are required to determine whether this gives rise to a material misstaternent in the financial statements ihem5elves. If. based on the work we have performed, we conclude that there is a material misstatement of this other information. we are required to ￿ptsrt that fact. We have nothing to report in this regard. Oplnlon on Other Matter Prescribed by the Companies Art I￿6 In our opinion, based on the work undertaken in the course of the audit". Page 9 the information given in the Trustees. report which includes the direttors, report prepared lor the purpose of company law. for the financial year for which the financial statements are prepared 15 consistent with the financial statements.. and the directors. report included within the Trustees, report has been prepared in accordance with applicable le8al requirements. Matters on ¥thlth we are Required to Report by Exceptlon In the li8ht of our knowledge and understanding of ihe charitable company and its environment obtained in the course of the audbt, we have not identified material mis5tatemenis in the directors. report included within the Trustees. report. We have nothin8 to report in respect of the following matter5 in relation to which the Companies Act requires us to ieport to you if, in our opinion.. adequate accounting re¢ords have not been kept or returns adequate for our audit have not been received from branches not visited by us.. or the financial statement5 are not in a8reement with the accountin8 records and returns,. or certain di5closyre5 of trusteesldirector5' remuneration Specified by law are not made,. or we have not received all the information and explanations we require for our audit. Responslbilities of Trustees As explained more fully in theTrustees' responsibilities statement set out on page 4. the Trustee5 Iwho are also the directors of the charitable company for the purposes of charity lawl are responsible for the preparation of the financial statements and lor being satisfied that they give a true and fairview, and forsuch internal control as the trustees determine is necessarytoenablethe preparation of finantial statement5 that are free from material rnisstatement, whether due to fraud or error. In preparing the financial Statements, the Trustees are responsible for assessing the charitsble cornpany's ability to continue as a going concern. disclosin& as applicable. matters related to going concern and using the going concern ba515 of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations. or have no realistic alternative but to do so. Auditor's Itespoftsibilitie5for the Audit of the Financill StstÈments Our objectives are to obtain reasonable a55urance about whèther the financial statements as a whole are free from material misstatement. whether due to fraud or error. and to issue an auditorf5 report ihat includes our opinion. Reasonable assuiance is a hi8h level of assurance but is not a guarantee that an audit conducted in accordan￿ with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individvally or in the aggre8ate. they could reasonably be expecred to influence the economic decisions of users taken on the basis of these financial statements. Irregularities. including fraud. are instances of non-compliance with laws and regulations. We desiÉn procedure5 in line with our responsibilities. outlined above. to detect material misstaternents in fespect of irregularities. including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. Based on our understanding of the charitable company. we identified that the principal risks of non-compliance with laws and regulations related to Company and Charity law. and we considered the extent to which non-compliance might have a rnaterbal effect on the financial statements. We evaluated managernent's OPPOrtuniliesforfraudulent manipulation of thefinancial statements linclLtdin8the risk of OVerr￿e of controlsl. Audit procedures perforrned by the engagement team include- enquiring of managernent concerning actual and potential litigation and claims- performing analytical procedures to identify any unusual Of unexpected relatronships that may indicate risks of material misstatement due to fravd.. testing the appropriateness of joumal entries and other adjustments.. assessing whether the judgements made in making accounting estimates were indicarive of a potential bias.. and reviewing minutes of meetings of those charged with governance. Page 10 There are inherent limitation5 in the audit prcKedures described above and the further removed non-compliance with law5 and regulations is from the event5 and transactions reftected in the financial statements, the lèss likefy rt is that WÈ would bÈctsme aware of it. Also. the risk of not deterting a material misstatement due to fraud 15 higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example. forgery or inientional Misrep￿$ent3tlons. or through collusion. A further description of our responsibilitses for the audit of the financial statements is located on the Financial Reporting Council's webslte at.. www.frc.org.uVauditorsrÈspon%bilTrties. This description forms part of our auditorfs report. Use of our Report This report is made solely to the charitable companrfs MeM￿r5, as a body, in accordance vrrith Chapter 3 of Part 16 of the Companies A¢t 2006. Our audit work has bèen undertaken $0 that we might state to the charitable companils mernbers those matters we are requlred to state to them in an auditorfs report and for no other purptsse. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable cornpany and the charitable companfs members, a5 a body, lor our audit work. for this report, or for the opintons we have Iofmed. Mrs A L Cowley FCA (Senior Statutory Auditor) .for and on behalf of Baines Jewitt Limited Statutory Audltors Spitfire House 19 Falcon Court Preston Farm Industrial Estate STOCKTON ON TEES T518 3TU 20 May 2026 Page 11 TEES VALLEY COMMUNifY CHLIftCH STATEMENT OF FINANaAL ACTIVITIES (including an income and expenditure account) for the year ended 31st AuEu5t 2025 Note Uniestrflicits adopted. Judgment5 and key source5 of e5tirnat￿n uncertainty in the preparation of the financial staiements are as follows.. al Basis of Preparation The financial statements tompty with the Charitie5 Act 2011, the Companies Act 2Cn6, the Memorandum and Articles of Association, and -Accounting and Reporting by Charities.. Statement of Recommended Prartite applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicab￿ in the UK and Republic of Ireland IFRS 1021 (effective I january 20191." Assets and liabilities are initially recognised at historical cost or transaction value unless otheTriise stated in the relevant accounting policy note5. The charity constitutes a public benefit entity as defined by FRS 102. The actounts are prepared in stedin& whith is the functional currency of the charity. Monetary amounts in these account5 are founded to the nearest £. bl Golng concern The trustees a￿ confident that the charity can continue as a going concern for a period of at least 12 months from the date of approval of these finarscial 5tatement5. The trustees have a reasonable expectation that the charity has adequate resources to tontinue in optration for the foreseeable future. Thus, the tru5tee5 continue to adopt the 8oin8 concern basis of accounting in p￿parIng these financial statements cl Income Recognltlon Pollcies Items of incorne are recognised and included in the accounts when all of the lollowing criteria are met.. The charity has entitlement to the funds. • any performance tonditions attached to the items of income have been met or are fully within the control of the charity. there is sufficient certainty that receipt of the income is Con￿dered probable.. and • the amount can be measured reliably. For legacies entitlement is taken as the earlier of the date.. on which the charity is aware that Probate has been grantetl. the estate has been finalised. and notification has been made by the Executors to theTru5t that a distribution will be made,. or • when a distribution is received from the Estste. Recèipt of a legacy. in whole or in part. is only tonsidered probalAe when the amount can be measured reliably. and the Charity h•$ been notified of the Executors intention to make • distribution. Where legacies have been notified to the Charity. or the Charity is aware of the granttng of the probate, and the criteria for income recognition have not been rnet. then the legacy is treated as a contingent asset and disclosed if material. Income received in advznce of a specific performance or provision of oiher specified Service 15 deferred until the criteria lor income recognition are met. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity,. this t5 normally upon notification ol the interest paid or payable by the bank. Page 15 Income from government and other 8rants, whether 'capital' grants or 'revenve' grants. is recognised when the charity ha5 entitlement to the funds, and any performance conditions attached to the grants have been met. it is piobable that the income will be received. and the arnount can be measured reliably and is not deferred. dl Donated 5ervice5 and Facilitie5 In accordance with the Charities SORP IFRS 1021 the 8eneral time of volunteers 15 not recognised in the account5. el Fund Accountln8 Unrestricted funds are available to spend on activities that further any of ihe purposes of the Charity- Designated funds aTe unrestricted funds of the Charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restritted funds are dortations which the donor has specified are to be solely used for the particular areas of the Charitvs work or for specific projects being undertaken by the Charity- Expèndlture and IrrètovÈrablÈ VAT Expenditure is recognised once there is a leg31 or constructive obligation to make a payment to a third party. it is probable that settlement will be required. and the amount of the obligation can be measured reliablv. Expenditure is tlassrfied under the following activity headin85-. Expenditure on Charitable octivities irbclude the cost of running the church. café and associated project5. Expenditure on fund raising activities include the costs incurred n generating voluntary income. Other expenditure represents those items not falling into any other heading. Irrecoverablè VAT is ¢har8ed a5 a C05t against the artivity for whtch the expenditure was incurfed. gl Tangible Fimed Assets Individual fixed assets tostinE £5.C(Q or more zre capitalised at cost and are depreciated over their estimated useful economic lives on a straight-line basis as follows.. Equipment Ic05ttng over £5,WOI- Depreciated based on varying useful economic lives of between 3 and 20 years. Eqvspment (costing less than £5.0001- Written off in year of acquisition. Freehold land and buildings are not depreciated as Trustees and Difectofs take the view that the value will be maintained over the period of ownership. h) Stock Stocks are valued at lower of cost and net realisable value. 11 Debtors Trade and other debtofs are recognised at the settlement amounts due after any trade discount offered. Prepayments are valued at the amount prepaid after taking occount of any trade discounis tlue. I Cash at Bank and Sn Hand Cash at bank and cash in hand includes tash arbd 5hort-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. kl Creditors and Provisions Creditois and provisions are rtcognised where the Charity has a present obligation resulting frorn a past event that will probably result in the transfer of funds io a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditor5 and provi5ion5 are normalfy recognised at their settlement amount after allowing for any trade discounts (lue. 11 Pensions The Charity operates a defined contribution scheme. the assets of whi¢h are held outside the Charity. The contributions by the Charity in the year are detailed in note 10. Page 16 ml Operatlng Leases The Charity classifies the lease of photocopying equipment as oper3ttn8 leases. the title to the equipment remains with the le5$0r. Rental char8es are charged on a strai8ht-line basis over the term of the lease. nl Financial Instruments The charity has elected to apply thepro¥ision50f Section Il'Basic Financial Instruments. and Section 12'0ther Financial Insirumtnts Issues, of FRS 102 to all of it5 financial instruments. The charity only ha5 financial assets and financial liabilities of a kind that qualify as basic financial instruments. 8asic financial instrtjments are initially recognised at transaction ¥alue and subsequenlty measured at their settlernent value. ol Crltical accounting estimate5 and judlements In the application of the charitvs accountin8 policies. the trustees are required to make judgements, estimates and assumption5 about the carryin8 amount of asset5 and liabilbties that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. The estimates and underlying assumptions are reviewed on an ongoin8 basis. Revisions to accounting estimates are reco8nised in the peri¢>J in which the esiimate 15 revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. The trustees do not believe there to be judgements or estimates thot would be Consider￿ critical to the financial statements. Legal Status of the Charity The charity is a company limited by 8uarantee and has no share capttsl. The liability of each rnember in the event of winding up 15 limited to £1. In¢ome from donations & lègaties Unrestricted Restricted Total Unrestricied Restricted Total Funds Funds Funds Funds Funds Funds 2025 2025 2025 2024 2024 2024 Donations from Individua15 751.710 139.244 83.995 835,705 8.099 147.343 625.697 129.418 37,479 663,176 1,484 130.902 Gift A+d on Oonations from Individuals Donations & Grant5 from Organisations Iunconditionall 2.865 2.865 1.000 1.000 893.819 92.094 985.913 756.115 38.963 795.078 Income èarned from ¢haTitable arti¥ities Unrestricted Restricted Funds Funds Total Unrestricted Restricted Total Funds Funds Funds Funds 2025 2025 2025 2024 2024 2024 Coffee Shop Donations & Grants from Organisations Iperformance Related) Supported Housing 8enefit Contributions to costs 71.452 71.452 66.706 66,706 1,500 75,803 77,303 13.867 142.353 156.220 3.194 21.391 3,194 32.478 11.087 9.417 12.096 21.513 84.039 I￿).388 184.427 89.990 154.449 244.439 Page 17 Income eamed from othertradln8 actNity Unrestricted Restricted Total Unrestritted Restricted Total Funds Funds Funds Funds Funds Funds 2025 2025 2025 2024 2024 2024 Income from use of premise5 Recharge of staff rime Other Income 8.593 17.105 343 3,685 12.278 17,105 1,343 30.726 7,475 13.644 1.005 7.475 13,644 1,005 26.041 4.685 22.124 22.124 Income eamed from Investments Unrestrirted Funds Restricted Total Unrestricted Funds Restricted Total Funds Funds Funds Fund5 2025 2025 2025 2024 2024 2024 8ènk interest 1,081 1.081 1.081 1.081 1.722 1.722 1,722 1,722 Analy515 of e¥pÈnditure on fund raislng attivities Unrestricted Unrestriued Unrestricted Restricted Restricted Total Funds Funds Fund5 Community & Outreath Fund5 Fund5 Communitv & Outreach Funds Church Coffee Shop Church 2025 2025 2025 2025 2025 2025 Staff Pav 19.110 19.110 There was no expenditure on fund raising activities in 2024. Analysis of ejtpendfture on tharitable arti¥ftSes Unrestricted Unrestricted Fvnd5 Unrestricted Funds Comrnunrty & Outrea¢h Restricte(I Restricted Total Funds Funds Funds Community & Outreach Funds Church Coffee Shop Church 2025 2025 2025 2025 2025 2025 Staff Pay Other Staff Costs lincl. fees) Buildings Costs Othef Oirect Costs 416,461 58,083 1.179 130 3,183 9,447 8.022 71,219 5,155 18,372 17,718 2,793 11.196 646 548,946 96,771 152,801 110.270 126,277 49.599 43,445 51.73S 14.872 783.379 29.275 1.338 13.678 3.147 39.569 Overheads Mission5 1 Gifts Depreciation 50.723 102,500 15.762 127.099 1,077.773 244 90.249 77.046 Page 18 Vnre5trirted Unrestrirted Un￿StriCted Restrbcred Funds Funds Funds Funds Cofflfflunity & Outreach Restricted Funds ComThunitv & Outreach Total Funds Church Coffee Shop Church 2024 2024 2024 2024 2024 2024 Staff Pay other Statf Costs 371,602 6.773 131.338 38,707 62,2% 118.398 17.078 746.192 49,762 787 57,191 4.364 1,152 .575 956 4.743 6,597 4.724 15.367 3,633 37.593 45.721 7,745 8.110 39.475 10,477 11.446 738 529.019 26,266 145.572 140.360 77,781 168.889 18,116 123.712 1.106,003 Buildings Costs Other Direct Costs Overhead5 38.236 419 Missions l Gifts lincl. fees) Depreciation 1,450 89.754 73,688 72.657 Net Intomellexpenditurel for the year rhis stoted ofterchurging.. 2025 2024 Property Leases Equipment Le35es Oepreciation Audit Fee5 8.774 4.392 15.762 8.100 4.298 18,116 8.220 10. Analysis of Staff Costs and Trustee Remuneration. expenses and related tr¥￿CtIonS 2025 2024 Salaries and Wages Social Security Employer coniribution to Defined Contribution Pension Scheme 517.150 37.702 13.204 568.056 486.658 30,850 11.511 529.019 No employees had emoluments in ex¢ess of £60.IXN) durin8 the current or prior year. Pension costs are allocated to activitie5 in proportion to the related staffing costs incurred. 2025 2024 Resiricted 1.396 10.115 ii,sii Unrestricted 13.204 13,204 Trustee remuneration The company'5 MemoTaThdurn and Articles of Association specifically prohibits them from feceivin8 any remuneration or benefit in respert of their role a5 director5 of the ¢ompany or trustees of ihe charity. They are femunerated in their capacity as employees of the company as expressly permitted. One of the tru5tee5 of the charity is also a pastor vrrithin church and has rtcetved the following amounts from the charity relating to their p3storal artivities.. Page 19 Matthew Biddlecombe 2025 2024 Salary Social security costs (Net of employment allowance 24-251 Employer contribution to Defined Coniribution Pension Scheme 49.996 6,138 1.500 57,634 49.5rxJ 5.608 1.485 56,593 2025 2024 Expenses paid to trustees and their family members in the year amounted io= 7.326 11.154 Expenses reimbursed covered IT Equipment. Trainlng CoLtrse5. and Travel & Subsistence. Three trustees and four family members received reimbursements. 2025 2024 Donations to the charity from trustee5. family members & key managernent 5taff= 85,272 50,608 mana ement ersonnel The charity considers its key managernent pe￿Onfiel comprise the Trustees and the Senior Leadership Team las noted on page 11. The total employment benefits. intluding employer pen5Lon contributions of the key mana8ement personnel, were £177,44312024.. £167,125). 11. Staff numbers The average number of employees during the year was as follows= 2025 2025 2024 2024 Headcount Headcount FTE Church 16 17 Coffee Shop Community and outreath 27 15.3 28 15.2 12. Related Party Tffansartions Martin Dunkley. Matthew Biddlecombe and Steven Mcfarlane are trustees of both Tees Valley Community Church and Three13 Training & Enteiprise Limited, a charty thal run5 projects in the community. Details of transactions durin8 the year and balances at the year-end date are as follows.. 2025 2024 ExpenditLtre'. Gifts to Three13 Training and Enterprise ts"mited Contributions to Three 13 Training and Enterprise ￿rnIted for employees on its payroll Income.. 34.000 34,000 5,755 5.954 Contributions from Three 13 Training and Enterprise Limited for employees on the payroll 5,315 4,982 Page 20 Included in debtors= Owed by Three 13 Training and Enterprise Limited Included in creditors-. Owed to Three 13 Trainin8 and Enterprise Limited 381 166 8.524 56 Thiee 13 Training and Enterprise Limited occupied a building owned by Tees Valley Community Church on a rent-free basis in the 2024-25 financial year as it also did in the previous financial year. Martin Dunkley. Matthew Biddlecombe and Steven Mcfarlane are trustees of both Tees Valley Communiry Church and Taking Ground. a charity whose aims & objeetives are to advance the Christian faith in the North East and other areas as the trustees see fit. Details of transactions during the year and balances at the ye3r*nd date are as follows= 2025 2024 Expenditure.. Support to Taking Ground 62,588 S9.719 Income.. Contributions from Taking Grour7d for employees on the payroll 6,294 3.322 Included in debtors.. Owed by Taking Ground 2,765 A husband of one of the trustees (Julie Mafleyl is employed wtthin the church and has received the followtn8 amount5 from the charity relating to their service5'. David Marley 2025 2024 Salary Social security costs (Net of employmeni allowance 24-251 Employer contribution to Defined Contribution Pension Scheme 43,000 5.104 1.290 49.394 39.816 4,239 1,194 45.249 A daughter of one of the trustees (Martin Dunkleyl is employed within the church and has received the following afflounts from the charity relatin8 to their services.. Ab• Horner {nèÈ Dunkleyl 2025 2024 Salarv Soctal security costs INet of employment allowance 24-251 Employer contribution to Oelined Contribution Pension Scheme 10.795 499 10,480 191 324 314 11,618 10,985 Page 21 The son-in-law of one of the trustees Imartin Ounkleyl is employed within the church and has received the following amounts from the chariiy relating to their services.. Matthew HoTner 2025 2024 Salary Social security cost5 (Net of ernployment allowance 24-251 Ernployer contrtbution to Oefined Contribution Pension Scheme 42.000 4,995 1,260 48.255 38.806 4.133 1,164 44.103 A daughter of one of trustees (Matihew Biddlecombel was employed within the church and received the followin8 amounts from the charity relating to their services.. Emma 8iédlecombè 2025 2024 Salary 1.330 1.265 Corporatlon Ta>E The charity is exempt from tax on income and gains lalling within sectson 505 of the Taxes Act 1988 or section 252 of the Taxation of Chaigeable Gains Aci 1992 to the extent that these ale applied to its charitable objecis. 14. Tangible Fixed Assets Freehold Land and Office Other Total 8uildin8S Equipment Equiprnent Equipment Cost as at 01.09.24 1,512.773 23.450 1.140 112.748 20,809 1.650,111 20.809 2,268 Additions in year Disposals in year Cost as at 31.08.2025 2.268 1.512.773 21.182 1,140 133,557 1,668,652 Depreciation as at 01.09.2024 Disp05als in year Char8e for year Deprectation 35 at 31.08.2025 23.¢Y)9 2.268 441 1.140 73.682 97.831 2,268 15.762 111.325 15.321 89,003 21,182 1.140 Net book value as at 01.09.2024 1.512.773 441 39.066 1,552.280 Net book value as at 31.08.2025 1.512.773 44.554 1,557.327 15. Stock 2025 2024 Coffee Roaster Stock 1.415 1.415 Page 22 16. Oebtors 2025 2024 Debtors falling due wlthin one year Tiade Debtors 3.521 3,411 15,S23 6.531 28,986 1,335 7,446 9,763 166 Prepayments Accrued Income Other Debtors 18,710 Debtors fallin8 due after rnore than one year Rent 8ond5 1.500 1,500 I,o)o 17. Creditors falling due within one year 2025 2024 Trade Creditors 10.007 14.027 8.524 32.558 15,767 21.056 281 Accrued Costs Other Creditors 37.104 18. Analysls of net assets between funds General Restricted Total Tangible fixed as5et5 Cash at bank and in hand Other net current assetsllliabilitiesl Total 1,557.327 112.545 16571 1.669.215 1,557,327 208.204 16571 1,764.874 95.659 95.659 19. Analysis ol charitable funds Opening Income Expenditu 2025 Capital 2025 Transfers Closing 2025 2025 2025 202S General Funds Total 1.578.850 1.(M)4.980 1892.7381 20.809 142.6861 1.669,215 Restricted Funds Housing Project Enterprise Projects- Coffee Roaster EnteTprise Projects- Bike5 Projett Lighting Projett Leadership Oevelopment Youth Trips Hardship Fuhd Community & Outreach- South Bank Comrnvnity & Outreach- CAP Community & Outreach- Ragworth Youth Community & Outreach- Règworth Community & Outreach- Messa8e Bu5 Ukraine 410 35.023 {26,4001 17021 14.4311 9,033 20.130 120.8091 1,381 15,rxK) 10.569 5,000 5,000 16.120 6,102 30.216 3.261 5.135 24.521 31,362 1.275 54.788 3,579 118.5031 13081 149.0931 126.8361 23.257 3.000 2.245 9.502 10.556 80,760 19.793 145.9491 1.583 15.2221 26,764 126.7011 197,167 1204.1451 1.202.147 {1.096W31 23,911 15,8631 10.619 95.659 Rèstritted Fundsfotal 120,8091 42.686 Total Funds 1.659.610 1.764.874 Page 23 Opening 2024 Income Expenditure 2024 Capitsl 20Z4 Transfer5 C105ing 2024 2024 2024 General Funds Total Restricted Funds 1.623.567 869.951 1909.6341 15,0341 1.578.850 Housing Project Enterprise Projects- Coffee Roaster leadership Oevelopment Youth Trips Hardship Fund Community & 0￿reaCh-s0Uth Bank Comrnunity & Outreach- CAP Community & Outreach- Ragworth Community & Outreèch- Me5538e 8us Ukraine National Lottery Community Fund Rèstrlcted Funds Total 19901 410 20.130 20.130 5,000 3.261 5.135 24.521 19.011 959 115.7501 11.4361 54,257 146.3951 2.833 17.8671 24.872 136.6621 11.026 115.4891 23.721 136.5771 35,203 135,2031 193A12 1196.3691 IJJ63,363 {1.106.0031 5,612 16.659 5.034 14,035 13.965 23,412 2,245 9.502 10,556 78.683 5,034 80,760 Total Funds 1.702.250 1,659.610 Name of fund Description. nalure and purpose5 of the fund General Fund The'free reserves. are after allowing for all desi6nated funds. Res ricted Fund5 Housing Project To provide supported housing for the homeless. Enterprise Projects Business projects to provide trainine & work experience for the most socially & economically deprrved communities in the Tees Valley area. Lighting Proje To replace Auditorium lighting. Leadership Development To provide funds for traintng Church Leaders. Yovth Trips Events lor young people to pm¥ide opportunities for them to Brow in their faith. Hardship Fund To provide asslstance io people facing financial difficulties. Community & Ovtreach Projects To provide local projert5 servtng the most socially & economically deprived communities in the Tees Valley area. Ukraine To provide resources for the Christian and wider community in Llkraine. 2024 onlv National Lottery Commuoity Fund Community Organisations Cost of Lr4Ting Fund Page 24 Explan•tiohs of rnaterlal translers between Funds Enterprise Projetts to General Fund Purchase of coffee roa5ter- capital expenditure that no longer has restrictions attached Community & Outreach from General Fund Overspends cOVe￿d by General Funds 20. Commitments 2025 2024 Lease payments due not later than one year Lease payments due within two to five years Lease payments due beyond five year5 16,410 10.392 28.058 94 Zl. PÈnsloth ¢ommitments The charity operates a defined contribution stheme the assets of which are held separately from those of the chartty in an independently administered fund. At the balance sheet date. no unpaid contributions were due to the fund.