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2023-08-31-accounts

Christ Church Newcastle

Report and Accounts Year ended 31 August 2023

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

CHRIST CHURCH NEWCASTLE

COMPANY INFORMATION

FOR THE YEAR ENDED 31 AUGUST 2023

Trustees

Miss J Bishop

Rev. H A Charteris Mr N Cowton Mrs B Gordon Mr S Pugmire Dr P J Woolley

Key Staff

Rev. H A Charteris

Mr L Parker until December 2022

Mr R Flynn

Mr M Ellis until August 2023

Governing Document

Memorandum and Articles of Association dated 15 March 2008

Company Registration Number

06535478

Charity Registration Number

1124990

Principal Address

7 Simonside Terrace, Newcastle upon Tyne NE6 5JX

Registered Office

7 Simonside Terrace, Newcastle upon Tyne NE6 5JX

Independent Examiner

Lourens du Plessis ACA CA(SA) Stewardship

1 Lamb's Passage London

EC1Y 8AB

Bankers

The Co-operative Bank

Contents Page
Company Information 1
Trustees' Annual Report 2-5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Accounts 9-15
DetailedStatementofFinancialActivitieswithComparatives 16

Page 1

CHRIST CHURCH NEWCASTLE TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 AUGUST 2023

The trustees, who are the charity's directors for the purposes of company law, have pleasure in submitting the Report and Accounts for the year.

Objects of the charity

The charity is a charitable company and is governed by its memorandum and articles of association. The objects of the charity, as set out in the governing document are: 1. To advance the Christian faith in accordance with the Statement of Beliefs; and 2. To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services.

The trustees note that the Church is not a building, but a gathering of ordinary people of different ages and backgrounds, whose lives have been changed by Jesus Christ, the Son of God. The New Testament reveals the Church as a community of people, properly taught and cared for, who by loving and serving Jesus Christ, were also committed to love and care for each other and to bring a blessing to the area in which they lived. Christ Church Newcastle: its trustees, elders and members are committed to the restoration of those New Testament principles. It is not alone in this, it is one of many Churches in the area, country and all over the world that is re-discovering the excitement of knowing Jesus Christ. The vision is to see the people of Newcastle upon Tyne come into this experience of knowing Jesus as their Lord, Saviour and friend.

Summary of the charity's main activities and achievements

To further the above objects and vision, the charity's main activities and achievements were as follows:

Weekly church meetings and events;

Donations to institutions and individuals; and

Reordering and settling into our new building, purchased in July 2021.

The trustees consider the achievements of the church during the year to be:

Church Family Life

14 Home Groups comprising over 200 adults meet week-by-week, supported centrally, including Time home group for senior citizens.

a Day

Christ Church Cares is our ministry for the support and care of immigrants & refugees, along with those finding life tough. This ministry continues to develop and grow.

The congregation has continued to grow during the last year.

The church leadership and volunteers continue to offer significant ongoing pastoral and mental health support to those within and outside the church. We continue to run numerous pastoral care seminars, which are open to and accessed by others in the region.

Page 2

CHRIST CHURCH NEWCASTLE

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 AUGUST 2023

Children & Youth Activities

We continued our midweek groups for youngsters aged 7-11 and 14-18.

We continued to hold ad hoc events for children, open to and accessed by many in our community.

Community Events/Activities

We ran a Christmas season that engaged both church members and the local community and was attended by many.

We continue to have volunteers working with Safe Families for Children, providing support for local children and families in crisis through befriending and the provision of resources.

We have kept our links with a local nursing home and a centre for retirement living , visiting residents and providing services.

We have been able to host Hand-in-Hand, an organisation engaged in supporting elderly people in our community.

General

Our new building has proved to be a huge asset in engaging the local community through weekly Sunday meetings and a range of other uses throughout the year, drawing in a diverse range of people from the community.

The building has also enabled us to host ad-hoc conferences and meetings for charities with similar aims, such as the North East Gospel Partnership, UCCF, Crosslands Training and Biblical Counseling UK.

CCN has been able to provide support to other churches and individuals in the region, both financially and in practical ways.

Most the charity's activities are undertaken by volunteers and the charity could not operate effectively without their efforts.

In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.

Structure, Governance and Management

Responsibility for setting policy and for determining the parameters within which the charity should operate rests with the trustees, who meet regularly to monitor the activities of the charity. Responsibility for the day-to-day operation of the charity has been delegated to the staff team led by Hugo Charteris. Responsibility for the spiritual oversight of the church has been delegated to the eldership team. The charity is controlled by its governing documents, the Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Page 3

CHRIST CHURCH NEWCASTLE

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS’ REPORT)

FOR THE YEAR ENDED 31 AUGUST 2023

At any time, there must be a minimum of three trustees. The Board of Trustees is responsible for the appointment of new Trustees. All trustees appointed are in full support of the charity's aims and objectives and are familiar with the day-to-day practical workings of the charity.

Any newly appointed trustees will be given a copy of the current version of the governing documents and a copy of the latest Trustees’ Annual Report and statement of financial statements. Newly appointed trustees are also encouraged to participate in appropriate training in order to allow them to perform their duties with appropriate skill and attention.

The pay of key management is determined in line with a remuneration policy which benchmarks the pay of staff members against the teachers’ NHS Agenda for Change.

Financial review

During the year income increased by £1,603, to £333,776, and expenditure increased by £81,495 to £368,424. The increase in expenditure was primarily due to increased staff numbers. As a result there was a deficit for the year of £34,648 and the charity's net assets decreased by the same amount, to £616,705. Net current assets decreased by £90,527, to £139,910.

Fundraising

The charity does not have any fundraising objectives.

Reserves policy

The trustees have determined that the charity should aim to hold unrestricted cash of no less than £80,000 (which equates to about 3 months' of unrestricted expenditure) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £132,794 and the charity is complying with its reserves policy.

Key risks and uncertainties

The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.

The principal risk that could adversely affect the charity is moral failure resulting in large numbers of members leaving the church. The trustees are satisfied that a culture exists within the organisation, where challenge is welcomed and leadership is shared, to sufficiently mitigate the likelihood of this risk materialising.

Plans for the future

Christ Church intends to continue its regular activities and has no plans for significant changes in any aims or objectives.

Page 4

CHRIST CHURCH NEWCASTLE

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS’ REPORT)

FOR THE YEAR ENDED 31 AUGUST 2023

Responsibilities of trustees under company law

The trustees 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 Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

  5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

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

Approval

This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, was approved by the trustees and signed on their behalf by:

StephenScophenPugmire (AprLugmire25, 2024 16:35 GMT+1) Mr S Pugmire Date: Apr 25, 2024

Page 5

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF CHRIST CHURCH NEWCASTLE (‘the Company’)

| report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2023 on pages 7 to 16 following, which have been prepared on the basis of the accounting policies set out on pages 9 to 10.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. | confirm that | am qualified to undertake the examination because | am a member of Member of the Institute of Chartered Accountants in England & Wales, which is one of the listed bodies.

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

LourensLourensdu Plessis (AprIw27,Plessix2024 18:48 GMT+1)

Lourens du Plessis ACA CA(SA)

Member of the Institute of Chartered Accountants in England & Wales Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: Apr 27, 2024

Page 6

CHRIST CHURCH NEWCASTLE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2023

Total Total
Unrestricted Restricted Funds Funds
Funds Funds 2023 2022
Note £ £ £ £
INCOME AND ENDOWMENTS FROM:
Donations 3 301,297 23,968 325,265 321,843
Charitable activities 4 8,511 - 8,511 10,330
Total income and endowments 309,808 23,968 333,776 332,173
EXPENDITURE ON:
Charitable activities 5 326,227 44,798 371,025 286,479
Total expenditure 326,227 44,798 371,025 286,479
Net income/(expenditure) (16,420) (20,830) (37,250) 45,694
Transfers between funds 15 - - - -
Net movement in funds (16,420) (20,830) (37,250) 45,694
Reconciliation of funds:
Total funds brought forward 621,211 30,142 651,353 605,659
Totalfundscarriedforward 15 604,791 9,312 614,103 651,353

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.

The notes on page 9-15 form part of these accounts.

Page 7

CHRIST CHURCH NEWCASTLE

BALANCE SHEET

AS AT 31 AUGUST 2023

Total Total
Unrestricted Restricted Funds Funds
Funds Funds 2023 2022
Note £ £ £ £
FIXED ASSETS
Tangible assets 8 819,410 - 819,410 809,505
819,410 - 819,410 809,505
CURRENT ASSETS
Debtors 9 16,247 - 16,247 37,409
Cash at bank and in hand 10 132,794 9,312 142,106 209,519
149,041 9,312 158,353 246,928
CREDITORS: Amounts falling
due within one year 11 (21,043) - (21,043) (16,491)
Net current assets/ (liabilities) 127,998 9,312 137,310 230,437
Total assets less current liabilities 947,408 9,312 956,720 1,039,942
CREDITORS: Amounts falling due 12 (342,616) - (342,616) (388,589)
after more than one year
TOTAL NETASSETS 604,792 9,312 614,104 651,353
FUND BALANCES 15
Unrestricted Funds
General funds 604,792 - 604,792 621,211
604,792 - 604,792 621,211
Restricted Funds - 9,312 9,312 30,142
604,792 9,312 614,104 651,353

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.

The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors and were signed on its behalf by:

----- Start of picture text -----
StephenScophenPugmire (Apr Pugmire25, 2024 16:35 GMT+1)
Mr S Pugmire
Date. APT 25, 2024
Company number: 06535478
----- End of picture text -----

The notes on page 9-15 form part of these accounts.

Charity number: 1124990

Page 8

1 Statutory Information

CHRIST CHURCH NEWCASTLE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2023

The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention .

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

Income from donations includes:

ii) The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church retreats and other events and courses.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

Page 9

CHRIST CHURCH NEWCASTLE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023

e) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £500 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged ona straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Freehold land Is not depreciated (because it is not consumed by use) Freehold buildings Over 50 years after taking account of the building's residual value Leasehold improvements Over the lease term or, if shorter, expected useful life Equipment 3 years Building improvements 10 years straight line

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Pension scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

g) Taxation

The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

h) Financial instruments

The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).

i) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

j) Critical accounting estimates and areas of judgement

In preparing financial statements certain judgements, estimates and assumptions have to be made that affect the amounts recognised in the financial statements. The trustees consider the following to be significant:

The annual depreciation charge for property, plant and equipment is sensitive to changes in the estimates for useful economic life and residual value. These estimates are reassessed annually and, when necessary, adjusted to reflect current circumstances.

3 Donations

4

Donations
2023 2022
£ £
Donations ofcash and similar 264,980 254,036
Income tax recoverable 60,285 67,807
325,265 321,843
Income from charitable activities
2023 2022
£ £
Church retreats and events 6,003 8,768
Book sales 1,784 152
Other Income 724 1,410
8,511 10,330

Page 10

5 Charitable expenditure

CHRIST CHURCH NEWCASTLE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2023

5 Charitable expenditure
2023 2022
£ £
a__ Costs incurred directly on specific activities
Employment costs (including relocation expenses and contractor costs) 212,793 144,740
Ministry Costs 7,100 8,127
Telephone and utilities 9,336 17,308
Gifts to speakers 9 -
Catering 2,733 1,810
Equipment expenditure<£500 7,567 -
Building repairs & maintenance 25,039 24,254
Conferences and training 2,660 8,720
Miscellaneous expenses 1,215 1,697
Events expenses 4,158 6,302
272,611 212,958
Grants payable (note 8c) 38,128 22,709
310,739 235,667
b Costs incurred on support & administration
Governance costs
Independent examiner's fee 3,120 2,880
Other - 13
3,120 2,893
Printing, postage and stationery 687 572
Subscriptions and professional fees 7,212 6,173
Bank loan interest payable 20,876 14,270
Depreciation of tangible fixed assets 26,881 21,293
OtherAdmin Costs 1,509 1,792
Insurance - 3,818
60,286 50,812
Totalexpenditure 371,025 286,479

The fee payable to the independent examiner for preparing and examining the accounts was £3,120 (2022: £2,880); in addition the charity paid £1,237 (2022: £838) to Stewardship for payroll bureau and consultancy services.

c Grants payable

Grants payable
Institutions Individuals 2023
& £ £
Grants for UK and overseas mission 34,517 3,000 37,517
Grants for the relief of poverty - 611 611
34,517 3,611 38,128
The comparatives for the previous year are as follows:
Institutions Individuals 2022
£ £ £
Grants for UK and overseas mission 22,444 - 22,444
Grants for the relief of poverty - 265 265
22,444 265 22,709
The charity's principal grants to institutions comprised:
2023 2022
£ £
UCCF 3,300 3,250
FIEC 5,424 5,074
Friends International 3,960 3,600
Redeemer Church 4,800 4,800
Crosslands 2,233 2,000
Edinburgh Theological Seminary - 2,000
Christ Church Newland 5,000 -
Frontiers 7,200 -
Grants to institutions for less than £1,000 each 2,600.00 1,720
34,517 22,444

Page 11

6 Analysis of staff costs, the cost of key management personnel and trustee remuneration

CHRIST CHURCH NEWCASTLE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023

2023 2022
£ £
Gross wages and salaries 180,973 121,534
Social security 12,317 7,060
Pension costs 16,698 11,743
209,988 140,337

The average monthly number of employees during the year was 7 (2022: 4). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise the trustees and the key staff named on the Company Information page. Total employment benefits payable to key management for the year were as follows:

Other Employer
Wages & employment pension 2023
salaries benefits contributions £
Trustee: Hugo Charteris 42,131 - 4,213 46,344
Other members of keymanagement 81,574 - 8,189 89,763
136,107
following amounts were payable in the previous year:
Other Employer
Wages& employment pension 2022
salaries benefits contributions £
Trustees:
Hugo Charteris 40,124 - 4,012 44,136
Other members of keymanagement 62,446 - 6,275 68,721
112,857

The following amounts were payable in the previous year:

Hugo Charteris served as a church leader and received the above payments for serving in that capacity, not for serving as trustee; these payments are permitted by the charity's governing document.

7 Acting as agent

On occasion the charity receives money on behalf of other charities, which it banks and then pays out to these charities. This income is received as agent for these other charities and the income, and the related payments, are excluded from the Statement of Financial Activities; any money that has not been distributed by the year end is recognised as a creditor.

During the year the charity acted as agent for the North East Learning Site; a training collaboration between the North East Gospel Partnership and Crosslands and, in that capacity:

a) received £nil (2022: Enil) and paid £nil (2022: received Enil and paid £nil)

b) atthe year end the charity owed £245 (2022: £245) to the North East Learning Site.

Page 12

CHRIST CHURCH NEWCASTLE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2023

8 Tangible fixed assets

Tangible fixed assets
Freehold
Land		 Freehold
Fixtures,
Property _ fittings and		 Total
equipment 2023
£ £ £ £
Cost
At 1 September2022 200,000 600,000 37,565 837,565
Additions - - 36,787 36,787
At 31 August 2023 200,000 600,000 74,352 874,352
Accumulated depreciation
At 1 September 2022 - 14,000 14,061 28,061
Charge forthe year - 12,000 14,881 26,881
At 31 August 2023 - 26,000 28,942 54,942
Net book value
At 31 August 2023 200,000 574,000 45,410 819,410
At31August2022 200,000 586,000 23,505 809,505

9 Debtors

9 Debtors
2023 2022
£ £
Falling due within one year:
Tax recoverable 15,523 36,386
Other debtors 724 1,023
16,247 37,409
Total debtors 16,247 37,409
10 Cash at Bank and in Hand
2023 2022
£ £
Cash at bank with immediate access 142,106 209,519
142,106 209,519
11 Creditors: liabilities falling due within one year
2023 2022
£ £
Other creditors 2,350 5,507
Accruals 3,120 2,880
Loans 15,573 8,104
21,043 16,491
12. Creditors: amounts falling due after more than one year
2023 2022
£ £
Loans 342,616 388,589
342,616 388,589

Page 13

CHRIST CHURCH NEWCASTLE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2023

13 Loans

The liabilities for loans referred to in notes 11 and 12 fall due for repayment as follows:

Bank loans
2023 2022
£ £
Repayable:
Within one year 15,573 8,104
Between one and five years 62,292 35,360
After five years 280,324 353,229
358,189 396,693

Property and Land with a carrying value of £800,000 have been pledged as security for the charity's bank loans. Interest is payable at a variable rate, which at the balance sheet date was 6.55%. The loan is being repaid in monthly instalments and must be repaid in full by 31 July 2051.

14 Pension commitments

During the year employer's pension contributions totalling £16,698 (2022: £11,743) were payable to defined contribution personal pension schemes. £1,620 employer pension contributions were owing at the balance sheet date (2022: £334).

15 Funds

During the year the movements in the charity's funds were as follows:

During the year the movements in the charity's funds were as follows:
Opening Incoming Outgoing Transfers Closing
balance resources resources in the year balance
2023 2023 2023 2023 2023
£ £ E £ £
General UnrestrictedFunds 621,211 309,807 (326,227) - 604,792
Total Unrestricted Funds 621,211 309,808 (326,227) - 604,792
Restricted Funds
West Denton 2,179 9,656 (11,835) - -
Building fund 27,963 - (27,963) - -
Outreach ministry - 14,312 (5,000) - 9,312
30,142 23,968 (44,798) - 9,312
Aggregate offunds 651,353 333,776 (371,024) - 614,104
Analysis of net assets byfund
The assets and liabilities of the various funds were as follows:
Unrestricted
General Restricted
funds funds 2023
£ £ £
Tangible fixed assets 819,410 - 819,410
Debtors 16,247 - 16,247
Cash at bank and in hand 132,794 9,312 142,106
Creditors falling due within one year (21,043) - (21,043)
Creditors falling due afterone year (342,616) - (342,616)
604,792 9,312 614,104

Page 14

CHRIST CHURCH NEWCASTLE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2023

In the previous year the movements in the charity's funds were as follows:

Opening Incoming Outgoing Transfers Closing
balance resources resources in the year balance
2022 2022 2022 2022 2022
£ £ £ £ £
General UnrestrictedFunds §26,125 311,470 (216,384) - 621,211
Total Unrestricted Funds 526,125 311,470 (216,384) - 621,211
Restricted Funds
West Denton - 7,390 (5,211) - 2,179
Building fund 79,534 13,313 (64,884) - 27,963
79,534 20,703 (70,095) - 30,142
Aggregate offunds 605,659 332,172 (286,479) - 651,353
Analysis of net assets byfund
In the previous year, the assets and liabilities ofthe various funds were as follows:
Unrestricted
General Restricted
funds funds 2022
£ £ £
Tangible fixed assets 809,505 - 809,505
Debtors 37,409 - 37,409
Cash at bank and in hand - -
Creditors falling due within one year 179,377 30,142 209,519
Creditors falling due afteroneyear (16,491) - (16,491)
621,211 30,142 651,352

The restricted building fund represent given to be used on the purchase and running of a building for Christ Church Newcastle. The restricted West Denton fund represents funds made to be used on the support of the ministry of West Dunton Community Church.

The restricted Outreach Ministry Fund relates to fund specifically given for gospel mission work both in Newcastle and across the world.

4) received donations totalling £46,570 (2022: £26,290) from related parties (which includes trustees, any other members of key management and anyone closely connected to them).

b) No expenses (2022: Enil) were paid to, or for, the trustees.

17 Members

Each member of the company commits to contribute if the charity is wound up an amount of £10.

Page 15

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