Christ Church Newcastle Unaudited financial statements for the year ended 31 August 2021 ChArity n¥mber: IIZ4990 Comp•Dy number: $35478 llrniii •AB4ZI)K2' A03 2W05r2022 COMPANIES HOUSE
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Christ Church Newcastle Unaudited financial statements for the year ended 31 August 2021 Contents Company Information for the year ended 31 August 2021 TTUStees' report for ihe year ended 31 August 2021.............-...... Independent Examinerfs Report to the Twstees of Christ Chur¢h New¢astle Cthe Company'j.. Statemenl of financial acliviti¢s, in¢luding income and expenditure accounl, for the year ended 31 August 2021.... Balance sheet as ai 31 August 2021.................................................... Cash flow siaremeni for the year ended 31 August 2021 Note5 to the financial slatements for the year ended 31 August 2021 ................................... ....
Christ Church Newcastle Company Information for the year ended 31 August 2021 Trustees Mtss J Bishop R¢v. H A Charteris Mr N Cowton Mrs B Gordon (appointed 31 March 2022) Mr S Pugmire Key Staff Rey. H A Charteris Mr L Parker Mr R Flyn Mr D Dargue Governing Document Memordndum and Articles of Association dated 15 March 2008 Nam¢ ¢hang¢ of charity from Chrill Church Heall io Christ Church NeWe on 14 March 2011. Cornpany Registration number 06535478 Charity registration number 1124990 Prineipal Addres5 7 Simonside Terra, Newc&8ile upon Tyne NE6 5JX Registered office 7 Simons(de Terrace, Newcastle upon Tyne NE6 SJX Independent Examiner Jacob Farley ACA Stewardship l Lamb's Passage London ECIY8AB Banker5 The Co-operative Bank
Christ Church Newcastle Trustees, report for the year ended 31 August 2021 The trusiees, who are ihe charity's directors for the pwposes of company law, have the Pleasu in submitting the Report Ftnancial statements for the year. Objettives of (he charity The charity is a charitable company and is gOrned by its meTnorandurn and articles of association. The objects of the harity, as 5¢t out in the governing dwum¢nt are.. To advance The ChrL5tian faith in accordance wilh the Statement of BelKefs,' and 2. To relieve sicknes5 and financial hardship and io promote and preserve gcN)d health by th¢ provision of fvnds, goods or s¢rvice& The tn]stees note that the Church is not a buildin& but a gathering of ordinary people of different ages and backgrounds. whose lives have been changed by Jesus Christ. Ihe Son of God_ The New Testsment reveals the Church as a c(mitnunity of people, properly taught and ¢arpAI for, who by loving and 5erYing Jesu5 ChrisL were also committed to love and care for each oiher and to bring 3 ble55iDg to the area in which they lived. Christ Church Newcastle.. its trustees, elders and members are commilled to the restoration of those New Testsment principle5. 11 is not alone in this, it is one of many Churches in the area. county and all over the world thai is re-discovering th¢ exciteTnent of knowing Jesus Christ. The vision is to see the people of New11¢ upon Tyne come into this experience of knowing Jesus as their Lord, Saviour and friend. Summary of the charity's main activities and a¢hiev¢m¢nts The mairt actiYitie5 undertaken during the period in relation to the5¢ objective$ were: Weekly ¢hur¢h meetings omd events.. Donaiions io instiNtion5 and individuals. and The purchase of a new building io use to meet its aims. The irustees consider the a¢hievemeDts of the Church durin8 the year to be.. Church Family Life We increased the number of homegroups Tunning across the city to fourteen. We would usually nm various training eveftrs. howevergiven the P2ndemrt our focus ¢aMe caring for our church farnily through our Homegroups and connecting individuals with otheT5. We put great eJnphasis on ensuring people had others to meer up with. which had to happen in stnall numbers due to restrictiolls. We were able to rneei in p¢r50n 35 a congregation on Sundays (albeil Wlth restriciions in plar¢), holding multiple gatherings each Sunday. This w&$ a crucial way of providing suppffi and ci)mmunity ro oyr chub membeEs. and other5 who joined us over lime. We've had a steady number of visitOf5. many of whom now attend CCN. We have come through the Pandemic with more people than when we began. The church leadership and volunteers continue io offer significant ongoing pastoral and metal health supw>rt to those within and outside the church. To this ertd, we also continued our hardship fund to SUP5X>rt church family members Strnggling financially through the pandemic. We have run numero5 pastoral care seminars ihroughout the year. During lo¢kdown, w¢ have continued io run a weekly vtrtual Movie Club engaging those in the ¢hurch family and those not part of Christ Church. We continued to run a Biblicd Counselling Interest Group for those in the church family. Children's Activities We continued our midweek groups for children We provided Covid-safe aciiviiies at our Sunday gatherings, Ixsth in the moming and afternoon Community Events/Actwities We are used to running muliiple community events. however most of these were pui on I]d due io the Pandemic We soughi io run a Christmas season ihat engaged b(Ah church membets and Ehe Ial community, but these ¢vents were shgnificanily restricted by Covid-l9.
Christ Church Newcastle We continue io have volunteeT5 working with Safe Families for Children providing suppm for local children familie5 in crisis through befriending and the provision of resources. We have run a moThthly setvice ai a Ial we home whh continued on Zoom (and in person when restridions allowed) during COIVD-19. General CCN has been able io provide supp)rt to other churches and individuals in the regKm. toth financially and irt practical ways. Two members of Christ Church have p8rti¢ipated in trnining providal by Cr05s1ands as they seek to be better equipped to Serve ihe church and Ioc41 wmmunity. The senior Pastor continued ts volunt¢er for 29 GB in the capacity of GB director helping io equip and resource individua15 5¢eking to start thurches and exis(ing church plants across the UK. In partrership with other churches in the region Chrisi chUh Newcastle delivered a Cros51onds Learning Site in Ihe region. a training course for intern8 elder5. congre10n member5 and small group1¢oders from churches acmss the Nonh East. Much of the first half of 2021 involved the purchasing of a building. This involved multiple church family meetings. along with signifi¢ant staff time to work through the process. We fallY rook i)wneTship of th¢ building in July 2021. tn August 2021, hundreds of hours were spent by Yolunteets and sff ¢0 wepaTe the building for use. This in itself proved io be a trrrir communiry wojeu. Mosi the charity's activities urtdertaken by volunteers and the charity could noi operate effectively without their efforts. In planning the aciiviiies the TrUee5 have applied the guidance on public benefii issued by th¢ Charity Commission. Structure. Governance and Management Responsibility for setting Ex)licy artd for detem)ining ihe Ptter5 wiihin whi¢h the chariry should op¢rate rests with the trusiees who meet regularly to monitor the acrivities of the charity_ Respon5ibiliry for the day-to-day operation of ihe charity has been delegaied to the staff ieam led by Hugo Charteris. Responsibility for the spiritual oversight of the church ha5 been delegaied to th¢ ¢ldership team. The charity is controlled by its goveming duMents, the Memorandum and Articles of Association, and con51itut¢5 limit¢d ¢OTnpany. limited by guarantee, &8 defmed by the Companies Ad 2CQ6. At any time, there must be a rnwirnum of three mJste¢5. The Board of Trustees is responsible for the appoinmjeni of new Trust¢¢s. All tTYStees appointed are in full 5UPIM)rt of the charity's aims and objectives and are familiar with the day-tO- day Prydctical workings of the charity. Any newly appointed trustees will be given a copy of the curreni version of the governing docurnents and a copy of the larest Trustee5' Arujual Report and aleMent of financral sthtements_ Newly appointed tnisiee5 are also enciNJraged to participate in appropriate training in order to allow ihem to r(omI their dut1¢5 with appropriate Skill and attention. The pay of key management is detern)ined in line with a remuneration policy which berKhmarks the pay of staff members agallisi ihe (eachers pay scale. FinanciAI review During the year incom¢ incrased by £513259, to £777,729. and expendiDJre inCred by £23.506. to £261.157. As result surplus for the year increased by £516,572, 10 £605.660 and the Charity's net assets increased by the sarne amounl. to £605,660. Net current assets incre&%ed by £114.497, 10 £203,022. The fuJJncial performance and EXTr51tion were significantly affected by the decision to PuhSe a church builduig at a c4yst of £800,000 in July 2021. The purch&se wa5 funded thr(yJgh a combination of donations and a mortgage of £405,000. £506,387 of the additional income was a result of an appeal to raise fijnds to allow the charity to purchase a building. Th¢ donation5 were reiVed from church member5 and friends of the church (mainly family and friends of chUh m¢mb¢rs)- This response ro the appeal also caused the tharity lo cross the income ihreshold for a large chariry in the current year. While the appeal also resulted in an increase in the regular unrestricied monthly givin& the iruste¢5 fully expe¢t that the charity will not meet the definition of large chariry in fuwre yeats.
Christ Cburch Neivcastle FuThdrnisine The charity does not have any fuDdrdising objective5. The only fundraising that occurred in the yearwas in relalion to an internal appeal to generace fiJnd5 for the purch ola church building. The cosi of rdising lldS is not significant and has noi been separately di%los¢d. Reserves poliey The trustees have derern)ined tha( the charity should aim to hold unresrict¢d cash of no less than £60,000 (which equates io about 3 months, of unrestriaed eypendiwre) so thai the charity could continue to tsrat£ should income and l or expendirure vary adversely. At the year tr, the charity held unrestricied cash of £121.936 and the charity is complying with its re5¢rv¢s tx)licy. Key risks uncertainties The ¢harty is ¢xp05ed to various risk5- be they operational, fmancial or reputational. The mLStees review the charity's aclivilies regularly io Idtify signifKant risks wher¢ possible, they tske applopriate measures io miiigate those rssks. The principal risk ihat could adversely affe¢1 the charity is moral frdilure resulting in latEe numbers of membeTS leaving the church. The trust¢es are satlsfied a cultUT¢ exists within the organisaiion. where challenge is welcomed and l¢ader5hip is shared, to 5uff5cienily mitigate the likelihood of this risk maierialising. Plans for th¢ future Christ Church irtt¢nds to continue its regularaciiviiies and has no plans fw significant ehange5 in any aims or objectives. Re5POn5ibilities of tru5tee5 under eompatty lw The trustees are responsible for preparing the trusrees. annual repory and the fmaneial statements in accordance with applicable law and Uniied Kingdom Acwunting Standards (United Kingdom Gerterally Accepred A¢countiDg Practice). Company law requires the director5 to prepare financial 51)tement5 for each financial year which give a ¢nJe and fair vi of the 51ate of the afF&irs of ihe charitable company &5 at the balance sheet dale and of its incoming resources and application of tesour¢es, including iDcome and expendilllre. for the fmancial year. In preparing these financial siatementg, the directors are required ro.. select suithble acwunting policies and apply them con515tentty- observ¢ th¢ Meth($ arKI principles in the Charities SORP. mak¢ judgements and estimates that are ie&8onable and prudent- stale whether the applicable ac¢ounling stsndards have been followed, subject to any marial departures disclosed ond explained in the financial statrments. and prepare th¢ fLnancial 51alements on a going concem basis urtkss it is inapprowiate to presume that the charity will continue in operarion. Th¢ trustees are responsible for keeping proper accounting records disclose with reasothable accuracy at any time the fanCial position of ihe charlble compathy and enable them to ¢nsure that the ftnancial ststements comply with the Companie5 Aci 2(K>6. They are 3150 re5pon5ibl¢ for Safeguarding Ihe assets of ihe charithble company and henc¢ for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approval This repoT¢ which has been prepared in aceordance with the PTOVi5ions of the Companies Act 2006 relating to small Cofnpanies, was approved by ihe tswiees and signed on their behalf by.. Stephen Pugmire (Tn]siee- Chair) Daie.'I7105r2022 ?¢-f S¢(7
Christ Church Newcastle Independent Examiner's Report to the Trustees of Christ Church Newcastle ('the Company,) I repm io the charity tnetS on my examination of the financial sralem¢nts of th¢ Company for the year ended 31 Augu 2021 on pages 6 to 17 following. which have been prepared the b1$ of the accounting policies set out on page ntne. Responsibilities and basis of report As the charity's Irusiees of the Company (and also its direciors for the PUTposes of company law) you are responsible for the prepamion of the financial sratements in accordance with the requirements of the Companies Ad 2006 {'the 2006 Act.). Having Satisfi myself that the financial sts1ents of the Company are Tt required to be audiied under Part 16 of the 2006 Act and are eligible for independent examination. I rerA)n in resrtd of my examination of your charity's financial ststements a5 carried out under section 145 of the Charities Au 2011 ('the 2011 Act,). In carrying Out my examination I have followed the Direction5 given by the Charity Commission under section 145(5) Ib) of the 2011 Act. Independent examiner's stalement Since the Company's gross in¢ome exceeded £250.000 y¢wr examiner must a mernber of a body listed in seciion 14$ of the 2011 Act. I confirm that l am qualified undertake the exatninaiion because l am a member of the in5titule of Chartered Accouniants in England and Wales, which ts one of the lisied bodies. I hav¢ wmpleted tny examination. I ¢[]r thai no matters have come io my atteniion in connection with the examination giving me cause to believe.. accounting records w¢re noi kept in respect of the Ctsmpany &8 qUired by section 386 of the 2006 Act. or the fthancial statements do not accord with those records,. or Ihe fmancial sraiements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the financial statements give a 'lTU¢ and fai view whi¢h is not a matter considered as part of an independent examination.. or the fancial ststements have not been prepared in accordance with the meth% and principles of the Stsiement oIR¢commended Praclice for accounllng and rewrting by charitie5 lapplscabk io charities preparing th¢ir fu)ancial staiements in accordance with the Financial ReponiDg Standard applicable in the UK and Republic of Ireland IFRS 102)]. I have no £oncern5 and have corne a£r055 no other maners in connection with the examinaiion io which atteniion should be drawrt in thi$ rert in order io enable a w>per understsThJints of the fmancial swements io be reach. Jacob Farley ACA 23 May 2022 Member of rhe InllUte of Chartered Accountsnrs in England and Wales Stewardship l Lamb'5 Passage London
Christ Church Newcastle Statement of financial activities, including income and expenditure account, for the year ended 31 August 2021 Total Total Funds 2020 Unre5tria¢d Restricted Funds Fund5 Unrestrided Funds Re4ricted Funds 2021 Noie Ineome & endowments from: Donations Charitable adiviti¢5 Total income & endowmethts 270.993 s(,737 777,729 258,643 258.643 270.993 506 737 777.729 263 470 263 470 Expenditure on: Charitsble activities Total ex enditure Net in¢om¢ 224 935 36 223 161 157 36.223 Z61 157 470,514 516572 234 151 3500 237651 224 935 46,058 234 151 29,319 3 500 237651 (3.500) 25,819 Trgnsfers belween funds Net mov¢m¢nt in funds 14 395.643 441.701 74,871 516J72 29.319 (3,500) 25,819 Reeontlliatk)n of Id$". Toial funds brou ht forward Total funds carried fonv*rd 14 526 126 79 534 6115 61 89.088 The statement of fhnancial activities includes all gains and losw rewgnised in the year. All income and txpendibjre derive from coniinuing (yerations. The statement of financial activities aLso ¢omplie$ with the requirtments for an income 8nd expenditUTe account required by the Compantes Aci 2(h)6. The noies on page 9-27 fo part of these financial sratements.
Christ Church Newcastle Balance sheet As at 31 August 2021 Total Fuods 2021 Totsl Funds 2020 Untr1ded Funds Restricied Funds No Fixed asse15 Tangible a55¢ts 799,034 799,034 564 Current asstts Debtors Cash at bank and in hand 15269 121.936 137,205 82,097 8.372 90,469 97.366 130J08 227,674 9.566 82,907 92.473 Creditors: Amounts lalliug due within one year r4et current Assets l {liabilitie5) Total asset5 less current liabiliti 10 (13.718) 123,487 922,521 (10.934) 79,535 79,535 (24.652) 203.022 ,002,OS6 (3.948) 88.524 89,088 Creditors- Amounts falling dlle aft¢r more Ihan one year Total net assets (396.396) 526,125 (396J96) 605.660 79,535 89.088 Fund b*lant¢s Unrestricted Funds 14 526,125 526,125 79.535 605.660 84,425 4,663 89.088 Restricted Funds 79.535 79,535 526.125 The ¢haritabl¢ company is ¢ntirled to ¢Kemptirn from audit under Section 477 of the Companies Art 2006 for the y¢ar ended 31 August 2021. The members have not required the company to obiain an audit of its fmancial SlementS for the year ended 31 August 2021 in accordance with Section 476 (Trf the Companie5 Aci 2006 however, in aordanCe with S¢¢tion 145 of the Charities Act 2011, Ihe financial staiem¢Thts have been examined by an independent exarniner and their report h&$ been included in ihese financial statements. The directors (who are the Charitable company's trustees for the purposes of charity law) xknowledge their responsibilities for.. ensuring thai ihe charitable company keeps aecouniing reconls which Comply whth Section$ 386 and 387 of the Companies Aci 2006 and preparing financial Maiements which give a true aThJ fair view of the stste of affairs of the charitable company as the end of ¢ach financial year and of its net income or expenditure for each financial y¢ar in ac¢ordan¢¢ with the requirements of Sections 394 and 395 and which otherwise comply with ihe requirements of the Companie5 Act 2006 relatiThg to financial staterneTr, so far as applicable to the charitsble company. The fman¢ial ststements have been prepared in accordance with the provisions of Part I S of the Companies Aci 2006 r¢lating to small companies. The fthancial statements were approved by the Board of Directors ort 17105r2022 and were signed on its behalf by.. Siephen Pugmire (fn]5tet- Chair) Company number". 06535478 Charity number.. 1124990 The notes on page 9-17 fom part of these finan¢ial statem¢nts.
Christ Church Newcastle Cash flow statement for the year ended 31 August 2021 Note 2021 2020 Cash now$ from operating activities: Net c&sh rowided b / sed In ertTIiII ttcliv 15 444.445 C¥sh nows from investing activities: PUrChe of lant and e ui ment Nel rosh rowidedb / U5edi invemn 801,400 Cash flows from finanting attivities: Repayments of )Owing Cash inllows from new borrowin Net ffovided b / U5edin (643) 405 000 404J57 clivili Ch4nge in cash and tquiv#lents in the reporting period 47,402 29,777 C85h gnd ¢ uivalents 8t the be innin of the Cash and ¢a5h e uivalents at the end of th¢ eay 16 16 53,130 ear 130 Affialysis of Changes in net debt: At siart of At end of year Cash-flows Cash Bank loans.. Falling due within one year Fa115n due after one ear Toial net ndS I debi 82,907 47,401 130,308 (7.961) 396.396 356 956 (7,961) 396 396 274.049 82.907
Christ Church Newcastle Notes to the financial statements for the year ended 31 August 2021 l. Statutory Information The charity is a charirable coinpany limited by guardntee and is incorwraied in the United Kingdom. The company's registered number and registered oifice address can be found on the Company Infomlation page. 2. Aeeounting polieies These fancIal sthiements have been prepwed on a going concern basi5. under the hisforical eost convention. These financial statements have been prepated in accordance wilh ihe'staiement of Recommended Practice.. A¢counting and Reportitjg by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 502) ("the Chorities SOBP"). with the Financial R¢porting Standard applicable in (he United Kingdom and Republic of Ireland {"FRS 102.), with the Companies Act 2006 and with ihe Chariiies Aci 2011. The charity meets the def]nition of a public benefit eniity as set out in FRS 102. There have been no changes in the accounting policies in the reporting period. No changes to accounrhng estimates have occurred in the reporting pertod. No material prior year errors have been identified in the repoTting perityj. The principles adopted ITh the preparion of the fmancial statements are sd out below. Going concer The mistees (who are the ch8rirable company's directOf5 forthe puws of cornpany law) have Lssessed whether the use of the goingcoD¢ern basi5 is appropriate and have considered possibl¢ events or tondKtions that mighi cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made ihLS assessment for a period of at le351 one year frorn the date of approval of the fulancial #atements. In particular the trumees have considered the charity's forecasts and projections and the $sIble implitsiions should prOJeed income and l or expenditure vary unexpectedly. Th¢ trustees have con¢luded that there is a re&wnable expectation that the charity ha5 adequate resources to coniinu¢ to operdt¢ forth¢ foreseeable fulure. The charity therefore CODtinuesto adopt the going concern b15 in prepaiing its fu)an¢ial statements. he charity therefore eontinues to adopt the going concern b&8is in preparing its financial sthiemenr5. In making Ihis assessment the rrusitts have considered the irnpact of Covid-19 and have concluded that its impa¢t on Det incorn¢ will not be material. Income Yncomc including investrneni incorne is rtcognised in the rKriod in which the charity becomes entitled io receipt, the amounl receivable can be measured with rtasonable certainty. and receipt is probable. For the most pan. income is generally r08n1$ed when it is received. Income is only deferred when the charity has io fvlfil condiiions before CoMing entitled to it or where ihe donor has Specified thai the income 15 to be exFended in a fvture perio Income from donations includes recoverable gift ai4 which is recognised when the related donation is received. Gift aid thai has not been recovered by the balance sheet dale is included as a debtor. The charity relie5 on volunteers to carry tyji many of its aciiviiies. However. in accordance with the SORP, the value of these 5ervi¢es has noi been included in these financial statements as they caDnOI be reliably rneasured. Income from charitable aciiviiies represents income receivable from goods. services and facilities supplied in furtherance of the charity's charilable objects. Ir includes incimne from events organi5ed by the charity. The charity has taken the view that it has only one chariiable acrivity. namely the advancement of the Chri5tiaD faith, and all income from donations, legacies and charitable activities is in re5FCt of this one activity. Expenditure Expenditure. ineluding irrecoverable VAT, is recognised when it is incurroj or. if earlier, when a legal or constrnctive obligation for a payment arises provided thai it is probable thai settlement will be required and the amount of the obligation Can be rneasured reliably. The Gharity makes grant5 lo other institutions and individuals io further its charitable objectives. Granrs payable are recognised as constructive obligations arise, which is genernlly when ihe Charity expresses a commimeni io the r¢¢ipient that w be m¢a5llred reliably and then only to the exient thai any condi11S associated with the grant are oytside of the control of the charhty. rpz
Cbrist Church Newcastle Notes to the financial statements for the year ended 31 August 2021 (cont.) 2. Accounting policies (continued) The cost of raising ndS is not signifiwit and has not been separalY disclosed. The Charities SORP requires charilies with income over £S00.OtMJ to allocate costs to the varkous xtivilies undenaken by the charity. The nare of the work of the church 15 C(ffisidered io be so integrdied thatthe cort charitsble aclivity ¢osts aTe considered io be for the one a¢tivity. Govemance costs, which are included in expendimre on charitable activities itart idtnlified separdtety in the notes to the ccounts, includes costs asswiaied with the independent examination of the fmancial ststements. compliance with constitutional and stst0ry r¢quir¢m¢nts aThl any other expenditure incurred the straiegic manag¢meDt of the charity. Fund eeourtting Unrestricted ndS are funds which are available for use al th¢ diretion of the trustee5 in furtherance of ihe general objectives of the charity. Restricted fvnd5 are dijnations whi¢h are to be used in accordance with specific restri¢tions imp05ed by donors. they include donations received from appeals for speciftc aciivilie5 or projects. Tangible fixed 8SStts Items purchased or dortated for the clwity's own use are capitalised when thc c05t of purchased items. or the fair value of donated items, ts mor¢ than £500 and the ilem is eXted io benefii the charity over moT¢ than one accounting riod. Depreciation is charged on a straight-line b&sis so as io write down the value of ¢ach asset to its estated r¢sidual value (if any) over its expected usefijl economic life. To achieve this objective the following rdtes of depreciation a charged.. Freehold land Is dewe¢iated (Ixcau5e it is nol consurned by use) Freehold building5 Over 50 years after thking account of the building's residual value FixNre5. fittings & F4uipmeDt 3 years The canying values of tsngible fixed assers awe reviewed f(ff hmpairment in periods when events changes in circumstsn¢¢s indicatr ihat ihe carryin8 value may not be recoverable. Pension scheme arrangements The company makes c¢Mtrhbulions to a d¢fu1 ¢¢Mtribution prnsion scheme for its employee5. Obligation5 for tontribution% to these schemes are rectsgnised as an expense when the liability arises. The &ssets of these schemes are held separately from those of ihe MpanY in independently administered fuThds. Tax4tion The company is a registered charity; it ha5 taken advanla8e of the various relieE frorn taxation available tts charithes and no tsx is payable on the charity's income. Financial instruments The chIly'S fJnan¢ial assets and fina ial liabilities all qualify a5 basic fthancial insmUnen as d¢fuKd by FRSIO2. Except for loans, credkiof5 and debtors are me&%ured ai their expecd settlemeDt value (normally the arnount of cash ihai thE charity expects to pay receive). The charity reco8nises liabilities for the principal of those loans thai remains ouistsnding ar the year end (i.e. the liabiliiies exclude any interest chargeable on the lo8$ in fvttlre y¢ars). Critical accounting estimates and *rtas of judgement l¥J preparing f)nancial siaiwnents certain judgernent% estirna and assumplion5 have to be rnade thai affect the amounts r¢tognised in the flnancial starements. The mistees considerthe following to be si8nificant: The annual depreciation charge for property. plani and equipment 15 sensitive to changes in ihe estimate5 for us¢ful economic life and residual value. These estimatrs are reas5ess¢d annually and. when n¢ces5ary, adjusted io reflect CUent circumsrance5.
Christ Church Newcastle Notes to the financial statements for the year ended 31 August 2021 (cont.) 3. Donations 2021 2020 Donaiions of cash and similar Other grnnis receivable Income tax recoverable 635,858 9.IIIMI 132,871 777.729 200,713 10,339 47,588 £424.290 Teceived in the year is restricted to cosis a5s0ciaied with the purchase and running of a church buildhng. £350 was received with the instruction that it Should be spent on costs &%sociated with Biblical Counselling. All income in the prior year was unrestricted. 4. Income from charitable activities 21J21 2020 ChUh retreats and events 4,827 S. Charitable expenditure 2021 2020 Costs incurred direetly on spttifK attivities Employment costs Telephone and utilities Gifts to speakers Caiering Venue hire Building maintenance Conferences and trdllhing Miscellaneous ¢xpenses Events ex enses 175?28 60 75 171.826 108 729 11.658 6256 8065 6.801 1,69LI 1,032 2{>,172 27,530 11,126 1,923 205,568 25.374 230 942 Grants able see nole sc Cost5 Incurred on support & dministrtio Governance costs Independent examinetrs fee Other Printing. postage and stsiionery Subscriptions and profe%sional ftes Bank loan intere payable Depreciation of tangible fyxed assets Other admin costs Insuranc¢ 2.880 1.020 199 2,057 lJ56 2,930 1&540 1.125 630 482 1,932 857 1,394 288 6,709 237,651 33.515 261 157 Total ¢x ndithre
Christ Church Newcastle Notes to the financial statements for the year ended 31 August 2021 (cont.) 5. Charitable expenditure (eont.) Fe¢s of £2.880 were paid in relation ro the Indedenl examiner's fees foi rery>rting on the fancial Staments (2020.. £1,125)- In addition to this, fees for payroll smii¢e of £858 (2020.. £930) and a consultsncy helpliDe of £90 (2020.. £90) were paid to Stewardship in the year. L GrnThts payable Insiituiions Individuals 2021 Grants for UK and overseas mission Grants for che Telief of ve 26,530 1.000 27.530 26,530 1,000 The comparatives (or the previous year are as follows-. Instiftrtions Individuals 2020 Grants for UK and oyerseas mission Grants for the relief of 19,936 3,880 558 23,816 ve 20.936 25.374 The charity's princhpal gTaniS to institutlons comprised.. 2021 2020 UCCF Acts 29 FIEC Friends IntemailcaI Trinity Church Sunderland New Life Church Middlesbn)ugh Redeemer Church Regeni Chapel SIM Iniern&tional CPAS Grants to instirvtioris for les5 than £1 000 each 6.900 2,540 4.534 4,0 2,000 2,000 3,200 1,0 I,OLK) 2,700 7.765 4.025 3.872 250 1,000 1,180 144 356
Christ Church Newcastle Notes to the financial statements for the year ended 31 August 2021 (eont.) 6. Analysis of staff costs, the cost of key management personnel and trustee remuneration Year to Year io 31 August 2021 31 August 2020 Wages and salaries Social security costs Other pension costs 149.063 10.479 14,804 174346 147,991 8.512 14.368 170.871 £9,000 (2020. £IO.383) of the totsl salary payments were re1mlrscd by another ch¥ity as a coniTibution for work undertaken for that ¢harity by a staff member. The averag¢ monthly number of employees during ihe yearwa5 5 (2020- 5). Most of the Charity's a¢livities ar¢ wried oul by volunt¢ers. Given the absence of a reliable rneasurement basis. th¢ ¢onwibution of general volunteer5 ha5 not been included as income wiihiti the financial statements. No employee received total employee benefits in exces5 of £60,IKIO. The key management personnel of the charity comprise the tntee$ and the eklers of Christ Church Newcastle. Total employment benefits payable to key rnanagement foT the year were as follows.. Other ¢mployment benefits Employer pension contrhbutions Wage5 & salaries 2021 Trust¢es Hueo Charteris her members of key managemenl 40.124 4.012 44.136 107,450 97,682 9,768 137.8(KS 13,780 151,686 The following amounts were payable in the previou5 year. Other employment benefils Employer pension contributions Wages & salaries 2021 Trustees Hugo Charteris Other m¢rnbers of key managemertl 39,050 35,97 I 3.905 3,597 42,955 39.568 75.021 7,502 82,523 Hugo Charteris served as a church kader and recefftved th¢ above paents for serving in that capacity, noi for serving a5 trusiee" these payments are permitted by the charity'$ goveming d(UmenL
Christ Church Newcastle Notes to the financial statements for the year ended 31 August 2021 (cont.) 7. Acting as an agent During the year. the charity acted a5 agent for North East Learning Site.. a training collaixjration b¢tw¢en the North East Gospel Partnership and Crosslands and, in thai capacity: received £0 (2020." £0) during the year paid £1.342 (2020: £3) during the year at the year end the charity owed £245 (2020: £1,587) to North Ea iEarning Site The income r¢ferr¢d to atrrtjve has b¢en excluded from the results rep)rted by the chlty in the Statrment of Financial Aciivities. b) 8. Tangible fixed assets Frtthokl land Freehold property Fixtures ritting$ thd e4uipm¢nt Tot41 2021 Cost At I Sewember 2020 Additions At 31 August 2021 Aceumulated deprecition At I Sewember 2020 Charge for the period At 31 August 2021 Net book value At 31 August 2021 At 31 August 2020 4.402 1.4(ID S802 4,402 801,400 805.802 21X).O(KI 2.0[) 600.(X)O 600.000 3,838 930 4,768 3.838 2,930 6.768 2,0 2.000 598.000 1.034 564 799.034 564 9. Debtors 31 Augusi 2021 31 August 2020 Tax recoverable Prepayments and accrued income 95,666 1,71K> 97.366 8.182 1,384 9.566 10.Creditors: amounts falling due within one year 31 August 2021 31 Augusi 2020 her crediiors A¢crua15 Loans 2,599 1.350 2,879 7,961 24.652 3.948
Christ Church Newcastle Notes to the financial statements for the year ended 31 August 2021 (cont.) 11.Creditors: amounts falling due after more than one year 31 August 2021 31 August 2020 Loans 396,396 12.Loans 31 August 2021 31 August 2020 Bank loan repayable by instaltnents.. Wirhin one year B¢tween one and five years After fLV¢ years 7.961 34.299 362,097 4fy1,357 Property and Land wtth a carying value of £8(KJ.000 have been pledged as security for the charity's bank loans. Inierest 19 payable at a variable Tate. which at ihe balance 5h¢¢t da w¥ 3_45•h. The loan is being repaid in monthly instJlments and musi be repaid in fijll by 31 July 2051. 13.Pension Commitments Durin8 lh¢ year employer's pension ¢ontribution% totslling £14,804 (2020.. £14.368) w¢re payable to defmed contribution peTsonal pension schemes. No pension contributions were owing at the balance sheet date (2020." £nil). 14.Charity funds Durin8 the year the rnovements the charity's fi]Mds weTe a5 fDIIows.' Opening balance 2021 In¢oming resources Outgoing resourtes Transfers in the year 2021 Closing balance 2021 2021 2021 UnTe5tricied Funds Resiri¢ied Funds Restricted- Training Restricted- Biblical Counselling Restricted- Buildi fund 224935 526 126 4,663 (4,663) (350) 350 506 737 777 730 36.222 261.157 79,535 605,661 re ate of funds 89.088 The trdll5fer r¢lated to th¢ cost of the rnortgage d¢FOSit and mortgage repayments in the year. The pur¢has¢ of the land and building for£800,000 was recorded a5 an unr¢5trieted a55et. Thecorresponding mongage was also recorded as unrestricted. It is however legilimat¢ to utilise the r¢stri¢t¢d building funds towards the ¢ost of the mortgage and the transfer was made io refleci this. Sq7
Christ Church Newcastle Notes to the financial statements for the year ended 31 August 2021 (cont.) 14. Charity funds (cont.) The assets and liabilities of the various fund5 were as follows-. Unrestrided funds Restricttd fvnds 2021 Tangible fixed assets Debtors Cash ai bank artd in hand Creditors falling due wtthin one year Creditors fallin due after one ear 799.034 15,269 121,936 113.718) 396 396 526 125 799,034 82,097 97,366 8,3r2 130.308 (10,934) (24,652) 396,396 In the year the movements in the charity's funds were as follows= Opening balance 2020 Incoming resource5 igoing resources Transfers in the year 2020 Closing balanc¢ 2020 2020 2020 Unrestricted Funds ResiriciedFumls Resrricted- Trdinin 263 470 234 151 at¢ of fvnds 263 470 237651 ln the previous year. the a55ets and liabilLti¢s of the variou5 funds wer¢ as follows.. Unrestricted fund5 Restricted funds 2021 Tangible fixed assets Debtors Cash at bank and in hand Credifots fallin due within one $64 9,566 82,907 9.566 78,244 4.663 ear 84.425 89.088 The restricted training fund represent fund5 made for training churth strff and membets. The restricied biblical counselling fund represeni filnds made io be used ort biblical counselling within the church. The rewicred building fvnd represent given to be used the purchase al rLmnin8 of a building for Christ Church Newcastle. 16
Christ Church Newcastle Notes to the financial statements for the year ended 31 August 2021 (eont.) 15.Reconciliation of net income to net cash flow from operating activities 2021 2020 Net incom¢ for the reporting pericd (as p¢r th¢ stst¢ment of financial ac(iviiie5) Adjtsslmentsfor." Depreciation charges and provisions fLY impaimient {Increydecre¢ in debtor5 Increasel decrease in creditOTS Net c85h rovided b 115¢d in 516,572 25,819 2.930 (87,799) 857 3,230 129 ratin 4ctivitie5 16.Analysis of cash and cash equivalents 2021 2020 Cash ai bank wiih immediatr access Total cash and CAsh e uivalents 130.308 130 308 82.907 17.Trustee 2nd key management personnel remuneration and benefits During the year the ch&ity". received donaiioTJS 1013lling £157,550 {2020.. £44,315) from rtlated parties (which in¢ludes trnstee4 any other members of key management and anyone closely connected to them). b) No expenses (2020." £0) were paid to, or for. the trustees. Reimbursements for expenses incurred when acting as ageni for the charity or incu)Ted when undenaking employmeni duiies not connecied with serving as a rnLStee are ot included in this distlosure. R¢lat¢d Paty Transaction: During the Ffior th¢ charity received a dOnlOn of £261 from LEKA. As two of the (Thstee5 of Christ Church Newcastle make up a rnajority of the Iru5tees of the LEKA charity LEKA, we would consider LEKA to be a relared party for the pury)ose5 of siatuiory rep)rting since there is effectively common conrrol. Except as disclosed in note 6'Analysis of staff c05ts', there have begn no other transactions wilh relat¢d parties durhng the year. 3¢f