Registered Charity no. 1133178 Registered Company no. 06972512 City Church Newcastle Trustees Annual Report and Accounts Year Ended 31 August 2025 cc
City Church Newcastle Year Ended 31 August 2025 Contents Page Page Legal and Adtnini8lr8tive Information Truslee5' Annual Report stalulory Auditorg Report Statement of Finanual Activities 11 Slalement of Financial PDSltion 12 Statement of Cash Flows 13 Notes to the Financial Statements 14
City Church Newcastle Year Ended 31 August 2025 Legal and Administrative Infombation Reference The Chanty is caued'city Churd) New. a150 knowrs a5 Ctychurth. RegÈstered Charity Nurnljer 1133178 Regi8tered Company Nurnber C69725f2 Registered Office The Ca$tsG*e Melbuurne Street Newcasle upon Tyne NE1 2JQ Website urth.¢o.vk Trustees and Directors James Keith Sen#Y Belhan Elliot michel Reed Rebecca Mason James Shepherd Joseph Williams Andrew Brarnhèll Phillip Wi Sarah Swherd Chwr APpnIell12 January 2025 Appointed 6 July 2025 Key Managemerlt Personnel The Board of Trustees and Eldershp Team Senior Leadwship Teaml Pastors James Shepherd Sarah Shepherd Andrew Bramhall Ros Bramhall Kate Horth DavKI Lyall Primary Bankeyg Bardays Bank PLC 4&51 NorthumiEdand Street Newcastle upon Tyne NE1 7AF Solicitors Hay & Kilner Merchant House. 30 Cloth M8rket hlewcasue upon Tyne NE1 1EE
City Church Newcastle Year Ended 31 Augusl 2025 Legal and Adminislrative Inforniation ststutory Audiior Elrabeth Lilley LMH Accountants rnrted Okl Bank Chambers 582- 586 King5bury Road Erdington Birmiryham B24 gND
City Church Newcastle Year Ended 31 August 2025 Truslees, Annual Report struetvrei govemance •nd m•Dag•m•nt Governlng documert Crty Churth Newcastl2 1$ a cornpany limited by guaranlee. govèrned by tis Memorandum and Artides of Association dated 25 July 2CQ9. The charitable company was incorporated on 25 July 2009 Iwistralion number 069725121 in order to provide a distinct legal entity to cary out the activrties of City Churth NewcagU2 which Since 1989 had been undertaken throu9h a tharitsble trust The cempany 4YdS registered wrth the Chanty CommiSOn ort 8 December 2009. Ok7 1 January 2010, Ibe ertire assets. liabih.lv and ¥Jndert8kings of Cty Churc Newcasoe chantabl• trust Icharity number 7023221 transferred to the chartsble wnpany. There are currenlly three subsIbers. each of whom •gree to contnbthè £1 in th• evènt of thè chanlable company winding up. Appolntment and rntlrement of dirnctors Thè leadership tèam aty authoristd to appoint n•w dirertor5 10 fil vacHnoe¥ arising thrcJgh fesignation or death of an eXilg director. Dlrnctorj, Inducllon Jftd tr•lnlng The Charity Comrnission website Is used lo keep directors up to éale deveimeni8 fft the ch8ntable sector. Wa also rnaintsin links wilh Steward8hip Serv8 and the EYang8lical Allsance who arrange training a1 circulale advice lo 1clOr8. Ory•nlsotloft The direction ol th• Church and the pTrorities ol Ihe year are sel by Ihe LeadeT6hip leam of the Church 18150 known as the Senior Leadership Team). The rnain iDslrurnent thal govems expendrture through the year Is the annual budget. which Is dravm up by Ihe finance team (Lead Pastor. Executive Pastor, Finance Administrator, Finance Tru8ieel In consultabon wrth ihose leading a89 of miri8try in the Church and is airned at fulfilling the prionbes set by the Leadership team. Staff salarSIremner?Iion i8 approved by o Pay Revw 8oar¢ (PR81 consists of., a non-staff truslee. a non-slaff Senr Leadeh19 Tearn rnember. and a church member Rernuneration follows fomal salary Structure have developed. wherein people move up a scale depending on their role within the organisation and ongoing performan ¥. Recornmendgtions a made to the PRB by the Senior Leadership Team. The PR8 also nslr any"arxoss the IKJard" pay nses due to the rate ol Inflaticn and Other Izctor5 le.9 we are a Real Living W3ge ernployerl. The budget, Including any changes to salarWmUfteratson. Is then agreed upon by the leadership team and by the direOr$. Progress through Ihe year Is monitored by the Finance team The d1ctorS meet lourtirnes each year. Budgeis are monito. policy is sel and new Inrtiatives are agreed uprkn. Day te day managemenl of the Chur¢h finances is delegated to Ihe Finance team. A computensed accounting system Is used and quartedy report5 Irorn this are sent to the directors. The Finan Adminislralor keeps the books and all asstsoaied records tsf Income and expenditure. In setting our obiectyves and planning our al¥ll1e$. the board ol d?rectors have gard to the Ch8rity Comrn1551Qll'5 public benefit guKJantx when exercasing any pmrs or dut3 to which Ihe guidan is relevant.
City Church Newcastle Year Ended 31 August 2025 Trustees, Annual Report Rtsk managemenl The director5 have idenb.fied risks and taken Steps to mtyale them.. Risks to buildings and contents are insLEred. Publi¢ liability n5 are Insured. A safeguarding policy is In place Cludir¥j ¥ettt'n9 prorxdures. Thè Safeguarding C¢Jaordinator has the full b3d(Ing of the leadership team and direclor5 lo Thplernent the policy a¢ro95 all area5 of Church life. The Church a mernber ol thirty-one ejght. formerfy known as CCPAS, we are advised by them and run training provi¢Jed by them. The fire safety nsk has been assessed. Detection and fire fighting equipment is maintained lo eurrenl Siandards. An evacuation policy Is i• pL4ee wth designated fe$ponsibilitses. All those involved were offered training dunng the year. Our fin8nual r15k was assessed and our Teser¥eg poliw reviewed. In the event of th• Church being unable to paY the bank198n, the buildings have more than SUffent equrty. A memb¢r ofstsff Is charged wth h•atth and safety and risk 8ssessing. The obJ•ctlv•s ol the Church ccfflrnunity a..- The advancement of the Christian Farth The relief ol pers($ who are in condilions ol need, frardshp or diytlEgS or vkno a aged or sick. Th¢ prgviyion 91 Instruction In the Chnstian Faith ai any educational establishment Putpos• Cty Church h03 Ih? louowing vision and valu•8". VL•lon- Sh5nlng the 11ght of J•su• to th• Clty and 8eyond Our V8lue¥- We are a word and spirit church We seek lo grow deep 8nd reath wide We 8re full ol grace and INlh We bohlly declare and ¢Jemonstraie the gospel. Wkler Church N•tsor Crty Church Is part of 8 wider netrth of churches lled Catalyst whith In tltm 15 part of Ihe New Frontiers network 1151 City Church 19 an Independent tharrty being part of CatalysUNew Frontierya provides addrtional helplul acnIabl1rtY and SUPPDrt.
City Church Newcastle Year Ended 31 August 2025 Twstee$' Annual Report Ach4evernents: S•ptember 2024- August 2025 11 ks Impossible to fully captufe the breadth and deplh of 811 that has taken pl?ce acTO¥S the life ofcity Church Newcast dunng this finanoal year We are pffjloundly 9ratefvl to God for His failhfulne5S Ill leading us through Ihis season. and for the patien. generosily and steadfast faith olthe Cty Church family Throughout the year. have Wbtnessed extraordinary expre$sion$ of love, kindness and SBcrifirJal service wrthin our cornrnunty, and oufv¥8rdly towards our Inends. neighbours and partne acros5 Ihe oty, the nalion and the vnrld. The follw'ng highlight$ illustrate the ways in which our tharitable aims have been èdvanced. 1. Growlng Dh¢lpl¢• and Nurturfng F4ilh At the heart olour mission Is the call to rnake discaples and to he people grow in their relation¥hip wth Jesu5 Christ. Dunng 2024-25. we have seen significant encouragement In Ihis area. Our Sunday morning galhenrys have conbnued to grow. welcoming people fr 8 wle r8n9e of backgrounds, nationalities and walks of life. These gathenn9$ remain c4ntrg1 lo our shared worship, teachin9 and community life Prayer has also been strengthened throu9h rwular rnorning prayer meeting¥ and Enwunler Night5, deepEning our dependence upon GcJ. We celebrated lh¢ b8plism 0133 new behe¥er5 Ihis year- pwrful tesb"rnony to lives transloryned. Threè Alpha cournes s%tre held, creating elcom4ng spa> for those explorin9 the Chrigtian faith to ask questions and engage with the gospel. Our student ministry 15 fk)unshing. wrth 6(70 Sludents attending weekly dunng mi time for worBhsp and Bible study Colkboraiion olher seThI groups across Ihe city has lostered unity and strengthened outreach. The 8ludeni weekeThJ away was a partl3Y gnifi¢ant time ofspinlual rowth, friendship and deepened cornmunity. The Abide Internship Saw approximaiely 15 individuals commrt a year lo intentional discipleship theologic41 dèvelopment. Their lomTratson Indudeil a misson trip lo Albania. where they served through Stet evangelism and ch51dn.$ and youth work ln addi)on. four psrt-tsme Interns joined OUT Staff ieam lo support ministries In chika'S work. 51udents. rn•dia and Integratioft, st9thening both elivery and leadership Paty. Our'Gel Connected" coutsts wer• launched to help those new ¢0 churth life find communrty, understand our visiofi and values, and be9in serviry wlhin teams. Th15 fvas provided a clear and welcoming pathway Into deeper belonging and parbopatson. 2. Investlng lrt Childrnn and Young People We continue 10 place a hi9h pDonty on nurturing Ihe next gener8b"on. Cty Kids, Cornels an4 Youth minisiries are thnving. wrth rnany chikIn and young peop buAdin9 strong Inendship5 and deepening their faith The Easter Holiday Cljb was fully suliscrthd. reAecl'n9 both dernand and irnpact wlhin our comrnunity. Around 50 ieenagers attended the NeQay surnmer fesbval. an eXpenen that PToveoS spintually fom)ative an¢Y laOnallY significant for many. These ministries represenl a V1tal Fnvestrnent in the spintU81 and petsonal development of yotsng people across our crty.
City Church Newcastle Year Ended 31 August 2025 Tru$twJ' Annual Report 3. Servlng the Clty antl the Ml Vulnerab Serying those In need remains a central expre5wcn ol our chantèbte purpose. Our Cty Refugee Welcome project has tlUe 10 SUPPOrt asylum seekers and refugees In Gateshead and beyond through regtjlar drop-ins. ¥orts dubs. children's activities and attvocacy WDrk.11 was a Pfivilege lo host the Welcome Churches Conference th15 year strengtheving Partnerships and Supporbllg wider efforts to welcorne and tntegrate thos• seeking sanctuary. Our Food Panlry in shId[le1d eofiiinues to Provide essential support to indiv#uals and familles fae&ng fo In$e¢urily, maintaining a vilal presence TrMthir% Ih8t community The CAP Debt Centre has fathhjmy geNed thoge expeinung finanoal hardship. Over the course ol the year, a nurnber ol individu31s have teeome debt free. wtt) som• CKrynneeting more deeply Into church life 35 a of the relatitsnshps lomied. 4. Str•ngth•nlng Communlty and Chur¢h Llf• Cornmunily life h83 continu8d lo deepen across Iha churth. thrsmall groups r•main foundational spaces for dt$Cles1p, pasioral care and fnendship. We have stngthene leadership support through training and coaching, and have worked lo make community life more W$Ile and celebrated wilbin Sund8y gatherings. Weekends away wilh Love Nations have strengtheTred our connection to th• wid•r Catmlyst church family, helping us cullivaie a heart fer both ljcal and global Mts5n. 6. Global Ml••lon attd Str•teyl¢ P•rtn•r•hip• During the year, we 981ned darity reg?rding our three strategic internationBI rnission pHrtnershipJ' Open Doors. Metro Kid5 Africa. and church parknership5 In India. We have been able lo provide meaninglul finanual support 10 Ihese partners. It was a privilege to ho$1 on Open OOOTS conference. hearing first-hand about Iheir work supporting thè ptrséeutèd ehuTch wodthvidè. afid 10 an-A¥ise Africa- prayer evening focused on Interceding for the global churth. These partnerships refiea our )mmitment to being 8 church Ihat boks beyond rtsell and PaPate$ Octively In God's global mi8$10fi. 6. Strengthenlng Governance. Leldership •nd Oper•tlo Significant progress has been rnade In stren9thenin9 our Inlemal structures and op2rabonal effeaiveness. We have clarified and enhanced recruiiment. lffte management and 8ppraiy81 processes. alongside intentional work gn staff culture and leadership develowtent. The crUitrllet 8nd training of an exeellenl Financ• AdrninislratDr has COnderabty Strengthened our finanrjal management processes and reporting These developrnents ensure that the chanly is weO¥emed. su5tzinzble and positioned lor fijtu growth.
City Church Newcastle Year Ended 31 August 2025 Trusteeg. Annual Report 2024-2S Strateg1¢ Objectl¥es Alongside the ongoing growth and flourishing of OUT mini51nes. the $tee$ identified tsvo key strategic obieLtNes for 20225 In Ofder to advanc£ 0r tharItsb aJrr6. Oble¢tl¥e 1.. Strenglhen Community Life We made sub5tantal progress towards deepening and Strengthening Qynmunty life across Ihe church. A new ntral comrnvnity group."Belong,' vras eablished within the church building.. creatsng an acSsIble enty point into sMalrOup lrfe. Communty group leadets We supporte(S through enhallr training and coaching. Community life was gwen 9#ter visibilty Sullday rnomings and through the churth websrte. wilh temily"C¢)mtnunty Sundays. whete gTOUPS were publidy PTayed for and celebrated. Physic31 s35 wilhin the buikjing [e ukwJraded to make them rnore accessible. welcoming and suitsble for cnMunrtY gathenngs. These steps have strEngtheneil bek)Tr9lng. pa5torol care and spiiitual fo¥yryaboD acr055 the church f8rn11y. Objective 2= Undertake Essential Building Works (Heating Project and Turbine Hall Refutbishmenti The leadership also prioritLsed essefttial building improvements to enssjre the long-tem sustsin3bil and usability of our facile$. Significant progres5 was made". A fvndraising strategy wa5 e5tabl"sherl in partRet5hp Tr1h a prole55ional fundrai%er. A Gift Oay was In March 2025. faising approximately £500.000 (through donations, loans and Gift Aid) iowards Ihe prqect. This represeftled a remarkable expression of generosity and ¢ommitmenl trom the chur¢b community Architectural plans and drawings wert eommissioned and developed. Mechanical and eleclncol engineers. alongside building CA)nsuRants. were ery8ged to deswn a new heating SyeM scheduled fof installatton ahead ofwnter 2025. These develownents represent wtal Investrnent in the stevrdTd5hip of Ouf building. ensuring rfL can continue 10 Serve both Ihe churth and the tommunty for years to come. Other Significant Info Much of the Church's aEtse$ usually tske pla at OL>r Grade 2 listed building called The eastGate In the centre of Newcastte pon Tyne_ Throughout the year Ihe building also Pfovides a community space for local chairties lo Fneet. as well as office and dassroom spa* for other Iccal ¢harthes. The church is currenfjy In a good fillanal posrtitsn. Our regular gwing Ihts year In(xeased to £509.885 compared wlh £478,732 in 202>24. and we conunue to be very thankful for the financial ummitment of Churth mÈmbers.
City Church Newcastle Year Ended 31 August 2025 Tyustees. Annual Report Finantlal Review The tru5te25 are pleased to report a strong financial year for Cty Church Newcastle. Total inrxjrne for the year was £1:255.442 compared wth £803 945 in the previous yeaf. Ths svJnificant InCaSe was largely lue to Ihe generosity of church members and supporte, partieularfy In latiOn to the Gift Day held In March 2025 to support Ihe planE)ed heating syytem and Turbine Hay fubiShMent works. Unrestricted Income remained strong at £785:345. induding Tegulaf giwng from thurch mernber5 3tKI attendees, renial income trom use ol the buitrjing. bank Intest and other general Income. Regular giving Increased io £509,885 compa wrth £478.732 in 202>24. and the trustees remain very thankful for the c4ntinued finanrjal comrnilrnert and generow Df the thur¢h family. Restricted 1ncome was £470.097, the rnajorty of lated to donatrons. an$ and as50uated Gift Aid given towarc5s the building works. Restncted incxjme was also recwed for speufic Thnistry and m1s5ion activities, dU¢lg the CAP Debt Centre. Crty Refvgee #Cole, the Pantry Food Project, student miSS50n. Open Door5. Newday and Olher restncted projects. These funds are hell 8nd applied accorclanix wth the $trtiOnS plarxl on thern by domrs. Total expenditu for the year was £799:786 compared wih £890.569 in the prevtous year. The increase reflects the continuing growlh and breadth of the church s a(vthes, Indvding Investment in ministry. 5tsffing. premises. Out8(. extemal gNing and $upptsrt for speafic restricted prqects. The tru5tee5 conbnue monitor expeftdrture ¢8fUllY through the bydgetsng and reporting PrO$Se$ deseribed eartief in this reporL The charrty reported net iicome lor the year of £455.656. cornpad net Income of £113.376 in the Previous year. Totsl funds at 31 August 2025 £2.212.858 cxJmprising unrestricted funds of £1.731.935 and restncxed funds of £480.923. A signifiG3nt proportion of vnrestricted fitsnd5 15 represented by the thurth's freehokj property atK other tangle fixed assets, tOgetrWth designated funds sei aside by the lrnstees for speufic wrposes. At the year end, the tharrty held cash and short-terrn investments of £859.327 This included lunds held forthe p18nned buik*ing works and oiher s1Cted or degnated purposes. The charity also held a Iong-terrn loan debtor of £60,000, rdating to deferred consiofeTation trorn the Sa of the Ric4(leton property, aftd bank and members. loans which are di8dosed in the notes to the accounts. Dunng the year. the trustees continued to manage Ihe Charity's borrowngs cArefiJlly. The bank loan rernains Secured The C35tteGate IehOkI PTDperty and is Tepayable by instalments. maturin9 In 2036. Mernber5' loan5 are unsecured. Interesi tree and repayatAe in a timescale that worf(s for the chanty ancl the rnernber. The trustees consider that the chanty MaInS In a good financial position and has adequate $oUr$ 10 continue its athwlies for Ihe foreseeable future.
City Church Newcastle Year Ended 31 August 2025 Trustees, Annual Report Inves¢menlpoli¢y Surplus filnds are held In interest bearing ac£ounts which alkN4 easy access to the funds should the need arise. A rewew of return5 Is pen&JKalty undertaken to ensure a comFetrtNe return and the maximum se¢uTrty of our funds. Reseryes polky The Church aims to ho a minimum of 2 months running costs l expendrture costs 8s free reserves. Free reser4e5 at 31 August 2025 Ere £191.868. compristng unstrFcted general tunds of £81.868 and Ihe desigrtated working caprtal reserve of £110,CAJO excludirKJ fNed assei funtjs and hjnds designated for buikling works. Staterneftt of the dlrectors. re$pon51bilitle$ In relation to the flnanclal statements The trustees. who are a&0 director5 of the Chantable company for the purposes of company law a SPOll51b for Preparing the Direttors. ReKX)rt and the finaneol statements in accordan wrth applicab law and Unrted Kj'ngdom Acttjunting Standards (Unrted ngdorn Generalty Apted Actounting Practice). Company law requires the difector5 to prepare frnancial staternerts For eath finanlial year %thich grye true and fair view of the state of affairs of the thèritable company and of Ihe income and expenditure of the chantable c(mpany forthat pericxy. In preparing these finan(2al staiements. the diredor5 are required to". select Suitab accounbng polioes and then appty thern consienty'. observe the rnethods and pnnc4ples In the Chanties SORP" rnake Judgements and estsmates that are reasonable and prudeBt", an prepare the finanual statements on the going concem basis untess rt Is in8ppropnate to presume that the chantsble company wll ¢onbnue in bwness. The direclots a pOnS) for keeping accotJnbTrg recDrd5whith disdose wth 8$Ofiable accuracy at any bme the finanryal p0SOn of the tharrtable company and en8 them to ensure that the financial Statet5 cornply wth the COrnpaleS Ad 21J)6. They are also responsib for safeguarding the as5et5 of the Charrtab ¢(panY and nr fortaking reasonable steps forthe prevention and detedion of frau¢J and other iryegularies. This report has been ppad in a¢cordanc£ bwth the prow5)n$ applicable to companies subieci to the small cOmpans, regime. Approved by thè directors •nd signed on their behalf by: S L Shepherd Dtrector
City Church Newcastle Year Ended 31 August 2025 Independent Auditor's Report to the Trustees of City Church Newcastle Ownton We have audited the frnancial statements of Cty Church Newcasye lthe'chap.ty'l for Y7e yeaT ended 31 August 2025 which cotnpnse Ihesialementoffinancial athw1. the taL8nts sheet and notè5 to tre financial statement5. Induding significant accounting Polic5. The finanual tw>on9 fratnework that ha$ ten applied In their preparation Is appli¢able18w and United Kingdom Ac£ountsng Standards Includiry FIDanual Repothg SlandaRI 102 The Financ131 Reporbng Standard applicabk In the UK Reput4ic of Ireland IUnid Klllgd Ge[a#Y Acrepted Accountsry Pracbcel In our opinian. the fftnancial 5tsternenl5". give a true and fair e ofthe slate oflhe thaiitsbEe company's affairs a5 8131 August2025 and of its incoming re50urce5 application of resources. for the year then erd, have been propetty prepated aCCordanw Unrted Kingdorn GeneTalty Accepted Accouniing PTactictr, and have been prepared Irs accordan 1kn the requitements of the Cpan$ Act 20rfi. 8asls for oplnlon We conducted our audit in aoran with International Standa¥ds on Auttiting (UK) IISAS IUKII and applicable law. Our responsibihties under those stsndaFtts ate fvttrw described in the Aullrtorfs rEswnsibdities for the audii of Ihe financial statements secbon of our pOrl are iThlependent of the charrty In accordance with the ethical requirements th81 are Jelevantto Dur audrt of the finanaal staternents in the UK. the FRC'S Elhic31 Stand3rd. and we have fulfill our other ethical responsthlives tn accordance with these requiterrnts. ¥AÈ believe th81 the audile¥iden we have obtained sufficEnt and apwopriate to wowde a basis for OUF opinion. Con¢lu$lrAts rtlatyng to going con£em In auditing the financal ste[ents. we have r%)nd thaithe Trustees, use of tt909 Con basis ofaccoynling in Ihe preparatson of Ihe finanoal 51ements Is appTopnote. Based on the wort we have pertomied, we ha¥e not dentified any mèlenal uncertainties rdating trj events or condilions that. IndNidualty or cdlectively. may t8sI svJnthcant ¢toubt w Ihe charity s ability to contsnue a5 a goi concern for a pen(x of ai #51 twelve rnonih5 frDrn when the finanual statements are authonsed for is$ue. 0r responsihlilies and the te5pon5lbi1e5 of ihe Trusteeswlh respectto gthThJ concem are described In the relevant secliorFS of this report. Other infomiatlon The other Infomalion comprise5 the infomiats.on induof•l in annual report tslherlhan the financial statérnents and ourauditols rÈportlhereon. The Twstee5 ap responsible forthe other infomiaiion contained within the annual report. Oui optnion on the financial 5tstements doe$ not ¢o¥ef Ihe other InfoatIon we do r1 express any fomi of assurance condusion thereon. OJr Fe5pon5ibility Is to read the other Infomat&)n and in d(yng SO. W151derwhettFer ihe other Informatscn is matenalty incortsistenl y1h the finanual statements or our kTrledge obtainett In the course of the audif. or otherwise appear5 to LE matenally misstated Ifwe idenbfy su¢n material incons15tencES or apparent material mi$stsiemen15, we are required lodemiEnÈwIherihISges nse lo a m3tenal mL8Statemenl In thefinanual statentenls themselves If. ba$ed ori Ihe wurk we have performed we eMcude that thère is 8 malerial rni5stalement of this olher Infomatyon. we a requi 10 report Ihatfacr. We have nothing to report in this regard. Opinions on other matters prestribed by the Companies Act 2006 ln our opinion. based on the work undertaken In the COUf5e of the audrt the InfoFm8bon gwen In the tFUStees' report. prepafed for the purposes of crrfnpany law. forthe fiTrancial yeaTfor which fin3ncial 5talemenls are prepared is conssslerrt with the financi statements. and the directors report Ine4 within the trustees. report have been prepared In accordance wth applicatyle ie981 requirements
City Church Newcastle Year Ended 31 August 2025 Independent Auditor's Report to the Tyustees of Clty Church Newcastle Matters on whlch we ara required to r8POrt by oxcaptio In ffte light of th& knowle¢Jge and und8fslanding of the company and its environment ob18in8d in thè course of Ihe gudit, we have nol identified material misstateEnen15 In the tfU51ees' report. We have nolhirvJ to report In SpeCt orthe folltrwing matters In relats.on lo whlch the Compgnles Act 20C6 requi5 us to report to you rf, in our opinion. ad8qual8 and proper accounting records hgve not been kèpt, pr relums odeqvala forour audit have bgen received frem branches not visilod by u5. or the financial 8t8tem8nls 8re not in agreement with the accounting records and relurnB'. or certain Oisc105ures of tru8lee8' remuneration 6pe¢rfied by law are not made., or we have not recoived èll the Inlormitson and explanations we require for our audiK'. or Ihe tru$tee$ We not enlilled lo ppar9 the finatscial $teMentS In accordance with the 5rnall comparle$ reglme and lake advantage of the 8mall companias, exernplions In prepanng the Iru51eeB' report and frorn the roquirernanl 10 pregore a sir8iegic R88ponalbilltlo¥ of Trust99• As expla5ned rnore lully In the 518tsmenl of Truslees, te$pon$lbilitle$, th8 Tru$lees. who &re also the directors of ihe charity for the purpose ol Company law, are reEponsible for the preparation of the financial slalemenls and lor being Ja118fied Ihai Ih&y give a Irua and fair view, anij for such Iniornal Control as the Trustee8 determine 15 n8C8s$8ry to engble th8 pffjparalion of finBnclg1 st81ement8 Ih&l are free from malarial misslalemant, whèther due lo fraud orerror. In preparing the financial StamentS, the fw51ee5 are respon51ble for a$s$bn9 the ¢hBrity'8 ability lo continue ai going concern, disclosing. 88 applicatyle, mall&rs related lo going concem and using the going concern basis of accounting unle$$ the Trustee5 either Intend 10 liquidate the chorilable ¢omp8ny or lo cease operations, or h8v8 no realistic allernabve bul to do so. Audltor's Tesponsibllltlo• for th8 •udlt of the Ilnanclal $tstem8nts We h8ve been appointod as auditor under sethion 144 01 the Charitie$ Act 2011 and report in 8¢cerdance with the Act and r818vanl r8gulalions made or hoving effect Ihereundef. Our objectives are to cbtain r88scnabl8 assurance about whether the finanrJ81 $181ements as 8 whole are frtrtt from material mi551atemenl, whether due lo fraud or error. and lo Issue an audilorf$ report thai in¢lude$ Dur opinion. Reasonable assurance is a high level of assurancE bul Is not a guarantee that an audit conducted in accordance with ISAS IUKI will aayS dele¢l a malenal mis$ialemenl when it exisis. Missiaiemenis Can ar16e from trayd or error and are con&idered material 1f, [}dIVidUallY or In the aggrég81e, they could r#asonably be oxpecled to inffuen¢E the economic decl$ion$ of us&rs taken on the basis ol these financial 51at8menl5. Ttte exteTrl lo which our proc•dure$ are capable of detecling Irreguloriti?s. Including fraud, is detailed below
City Church Newcastle Year Ended 31 August 2025 Independent Auditor's Report to the Trustees of City Church Newcastle A fvrlher description ef our re5ponsibilitie5 is availabke on the Financial Aeportsng Council's w8bsite al.- https'.11 www.fr¢.org.uklau4ilorsresponsibililies. This descnption foTmS Part of our audilorfs report. Th15 report 1$ made solely lo the charity's trustees, as a body. in accordance with Part 4 of the Chanlies IAccounlB and Reports1 Regulations 2008 Our audil viork has beèn undert8kèn so that W8 might slal8 to th8 charity's truste85 those mattern we are quired lo $1818 lo Ihem in an auditorfs report and for no other purpose. To the fullest eKl8nt pemiitted by law. we do notaccept or assume respon51bility to anyone olhEr than the charity and the chanty's Iru5te8S •s a body, for our 8udlt wo. for thi8 r8PQrt, or forthe opinion5 we have formed. LOy¢L Elizabeth Lilley For and on behalf of LMH A¢¢ountanls Limited TIA Trevor Jon8$ S Co, Stalulory Auditor Chartered Accountant5 Old ank Ch¥mbor$ 582-588 Kingsbury Road Erdinglon Birrningharn B24 9NO Dale. LMH Accovnionts Limited TIA Tffjvor Jones & Co Is eligible lor appointment as audiior ol the ¢h8rity by vlrtue ol ils &ligibility for appointment as auditor of 8 company under Section 1212 Of the Companies Act 2006. 10
City Church Newcastle Year Ended 31 August 2025 statement of Financial Activities 2025 Unrestricted Resthcted Ftsnds Funds 2024 Total Fund8 Total Funds Note Inoome Donations and legacies Charitable activities her tr•éino active$ Investment income Other income 672.593 30.811 74.405 7,478 58 466,252 1,138,845 30,811 74,40S 11.083 298 690.336 34,866 73,914 4.279 550 3.605 240 Totsl Income 785.345 470.097 1,255.442 803,945 Expenditure Expenditure an charitable activitie5 708,095 91,691 799.786 690.569 Totsl ExpenditurÈ 708,095 91,691 799.786 690.569 Net Income I IExpendFturel 77.250 378,406 455,656 113.376 Net Income and Net Moverrtpnt in Funds Total funds brought forward Tran5fer3 14 1,656.409 11.7241 100,793 1,757,202 1,643,826 1,724 Total Funds CarrFed Forward 1731.935 480,923 Z.212,858 1,757.202 l intDme and expenditure derive from contsnuing acliviie$. The 5tstement Is a ¢omb5ned Staternenl of Financial Activities and Income and Expenditure A¢¢ount for th8 PUIP05es of meeting both the Companies Act anLf the Charrty SORP reporting requirements. li
City Church Newcastle Year Ended 31 August 2025 Statement of Financial Position 2015 2024 Note Ftxed Assets Tangible fixed assets 1.862,362 1.777,eoo Current Assets Debtofs". amounts falling due after more than one year Debt0." aniount5 falling due within OnE year Short leim investments 60,DOO 44,530 683,961 175,366 75,000 49,1Q9 10 11 ash at bank and In hand 397,177 963,857 521,286 Cr8ditor8'. amounts falling due within one year 12 85.112 75.B48 Net Current Assets 878.745 445.438 CrÈditors.- amounts f311ing due after one year NetAs$ets 13 528,249 466.026 15 2,21 2,858 1,757,202 Fun¢ts of the Chartty Re5tncled funds 14 480,923 100,793 Unrestricted funds Unreslricled general Designated funds 14 81,668 50,550 1.650.267 1,605,859 1,731,935 1,656,409 Ttstal Charlty Funds 2,212,868 1,767,202 Directors Responsibilities The financial slalemenls were approved by the Iwstees. ¥4ho 8Te also 6ctOrS of the chanlable ¢omp8ny forlhe pOSe$ of GornpafTry law, and auihoriseo foi i$sue. The ttU51ees acknovlledge their respDn$rt)dilies for with Ihe r8qulrements of the Companies Act 2006 with respeuto accouniing records and the preparabon of fin3noal st8lemenls. These finan¢i8151¥1tments have been prepared In accordan wÈth Ihe provisions &pplitable io companies $ubje to Ihp small companie5. regime and wrth FRS 102 and the ChalieS SORP (FR$ 102}. Name of Trustee: 14tl Signed on behalf of the Trvst¥es- Date of Approval.. ao Registered Company No. 06972512 12
City Church Newcastle Year Ended 31 August 2025 Statement of Cash Flows 2026 2024 Cash Flow5 From Operotlng A¢tNities Nel cash provided by (used Inl operating actwities 505,678 172,795 505.678 172,795 Cash Flow8 From Investing A¢tlvltles Interest Purchase of tangible fixed assets Nel cash provided by (used inl investing activitie5 11,083 4,279 1114,7501 1112.2371 1103,6671 1107.9S81 Cash Flows From Financing Activit4e¥ Net proceeds from borrowings 60.141 152,1101 Net t3sh provided by (used Inl financing actsvitses 60.141 152.1101 Change in cash and cash equivalents In the reporting penod Cash and cash equivalenls at the beginning of the reporting period 462,152 397.176 12.859 384.517 Cash and Cash Equivalents at the End of th• Reporting Period 8S9,327 397.176 Reconciliation of Net Movement in Funds to N8t Calh Fltsw From 0ratIng Activitb88 2025 2024 Net movement In funds for the reporting period la5 Fer the statement of finana81 aclivitiesl 455.856 113.376 Adjustments for". Interest reIved Depreciation of tangible fixed assets Ilncrea$ellDecrease In deblo lTrcreasellDecreasel In creditors 111.0831 30.189 19.579 11.337 14.2791 16.953 30.575 16.170 Net cash Provided by (used In) operating activities 505,878 172,795 AnalyoÉ8 of Cash and Cash Equivalents 2026 2024 Ca$h at bank Short terrH Investments 175.386 683.961 397.177 Total cesh and cash equivalents 859,327 397,177 13
City Church Newcastle Year Ended 31 Augugt 2025 Notes to thè Financial Statements l Ac¢ountin9 Policie B?$is ot Preparation City Church Newcastle is a registered charitywith the Charity Commission for England and Wales. The ad6ress of the registered office Is given in the Ghatity Information on page 1 of these financial stalernent5. The principal actsvity Is lo advance the Chrlstian faith In accordance with the Slatemenl of belief5. The charity constitutes a public benefit eftlity as defined by FRS 102. The financial Stsl&ment5 have been prep?reol in acCOr¢fan wrth Accounting 3nd Reporting by Charilie5'. Statem8nl of Recomnended Praclice applicable to ch8ribes preparing ther accounts In a¢¢ordan¢e wiib the Financial Reporting Sl3ndard applicable in the UK IFRS 1021 leffe¢tsve 1 January 20191, Ihe Charitiès Ad 2011. and the Compariies Act 2008. The finantial slaterngnts are prepar8d cn 3 going concem basis under the historical cost convention, modified to include tertain Items ai fÈiT value. The financial statements are prepared in sierling which is the fundional currency of the charity and rounded to the nearest £. The significant accounting ptsliciès applied the preparation of thege financial glalernenls are sel out below These policies have been consistently applEd to all year5 presenled unless otherwise stated. Assessment of Going Concern Pr£paration of the accounts 1$ on a going wncerh basis. The trustees consider that there are no materi31 uncertainlies aboul the Charity's ability to cDnlinuÈ a8 2 going toncern. Fund AcCOting Unre$th¢ted Incame fund5 compllse those funds which the trustees arp freÈ to use for any Pufpose In furtherance of the charitsble obje¢ls. Unrestricted fund5 Include designated funds where the Irusleès. 8t their discretion. have sel aside resottrce8 for a specific purpose. Re51ricted funds are lunds which a to be in accordance with specific restrictions imposed by the donor or the tèrm of specthc appeal. often known as 8'spe¢ial offering in the church. Further explanabon of the nature and purpose of ea¢h fund Is included in the notes to the 14
City Church Newcastle Year Ended 31 August 2025 Notes to the Financlal Statements Incoming R•sourc¢$ All Incoming resource8 are recogni88d once the charity has entitlement to the resources. It Is probable that the r880urces will be received, and the monetary value uf incorning IE$ource$ can be tneasured with sufficiprFI lIabIlIty. All voluntary income from membefs of the ¢hur¢h are re¢ogni$&d as donatson$ and are Includocj in full, with a$$ocialed Girt Aid CeIvable In Ihe Slaternenl cl Financial Activitie5. Grants, where entittement 1$ not conditional on the delivery of specific perforrnan¢e by the charity, artt recogni when the Charity be¢ome$ unconditsonally ontiued to the grant. Income resources from charitable trading activities such &5 the letting ol the building are accounted for when Invtrices are drawn up las at the point of enlitlernenti. Donoted services 8nd facilrtigs are in¢luded 8t th8 value to the charrty where thi$ ¢8n bg quanlilied. Gits in Kind are oc¢ounted for al a reasonable estimate of their valuo lo the ¢h•rity or the 8rnounl 8CtU8lly realised. Volunteer lime, the value trf valuniary support lor the work ol the church. 18 not included In the account$ bui is d8¥¢ribe(l in the Tru$te¢¥ Annual Report. Investment Incom? 1$ included In the accounts when receivatsle. R•8ources Expended Expenditure 1$ recDgni$6d on an accrual basis a$ a liability 1$ iftcurred. Liabilitie$ are r?¢ogni$ed wh&re Il 18 morg likely than not that there Is a legal or ccnstruclwo obligation commrtiing the charity 10 ply out the regource$ and the amount of the obligation can be rn•asur8d with reasonable cerlaiDIy. Gov•inanco Costs Include costs of the prèparatlon and examinallon of statutory a¢eounts, the costs of the tru$leè5' meètings and the c051 of any legal advice lo Iru51ees on governance or constitutional matters. Llability Recognitlon Liabilities are re¢ognised as soon 83 there 15 a lagal or constructive ebligation committing the charity lo pay out re$our¢es Short.t¥rm In¥oStments shorl.lerm Investments comprise funds held in an Interest-bearing deposit account with a 3&day notice period. The dep08it Is initially recogrti$ed ai transadion value and subsequently measured at amortised cost. Interest Income Is recognised in the SOFA on 8CCfuals basis as it Is eamed. 15
City Church Newcastle Yoar Ended 31 August 2025 Notes to the Financial Ststem¢nts Tangible Fixed Assets Assets over the value of £500 are ¢apitslized. Deprec1ation is provided on tangible fi'xed as8ets st rates calculated lo writa off the cost of an asset, $3 11$ estimated residual valu8, over the expe¢t80 useful economic life of that a55et, as follows.. FreeholLI property Musical and Technic81 Equlpm•nt Office and computer 8quipm8nt Furniture, fixtures and littsngs Not depreciated 5 years on 8 51raight line ba$1$ 3 years on 8 straight Iifte b#$is 15# on a straight line basis In view olthe maintenance progrsmrne in p13c8 which 8ims to keep the building In good condition, th direclols consider that any depreciation of freehob properly would be immaterial and accordingly no provision ha5 been made. The c8rrying arnounl of the Ireehold property 1$ feviewed annually fgr Imp8irment by the directors. P•n•ion¥ The charity operates a defined ¢L)ntribution pension Scheme, ContribuliDn$ are ¢haTged lo the Statement of Financial Act1vilie$ as Ihey become payable In a¢¢ordan¢e wilh the rules ol the herne. Op•r&tlng L•a•• Rental charges payable under op8r8ting leoses are charyed on a strgight lin8 b8918 over the terms ol Ih8100Sé. T•x•tlon The ch•rlty is exempt from tax on it8 charitabl• activitiès. Jud9gm•nt$ and K¢y Sour¢es of E•tlm•tlon Accounting estimates and juogemenls are conlinua11y evaluated and are based on historical experience and other factors, Including expectatiot75 of future event5 that are b81ieved lo bo reBsonabl8 under the circurnstances. The annual depreciation charge for tangible 2s$Èts Is sen$ilive lo changes In the estimate useful e¢onomi¢ live$ an4 residual values of the as5els The useful economic lives and re51dual values are rea55e55ed annually. They are amended when necessary to reflect Current estimates. bosed tn technological adv8ncemenl, future Inve8tsn?nls. e¢onomic ulili$alion and Ihtr physi¢81 condition of the assets. See note 8 for Ihe Carrying amount of the property plant and equiprnenl, and the accounting policy for the useful economitt lives for each cla58 of assets. Con¢•$$ionary Loans The charity Initially recognises and measurès concessionary loans at the amount received or receivable. The cArrying amount 1$ adiusled In subsequent years to reflect repayments and ally accrued Interèst. 16
City Church Newcastle Year Ended 31 August 2025 Notes to the Financlal Statements 2 Analy•l$ ol In¢om• Unresthcled Restricted Totsl Fund• Fund5 Funds 7025 Don3tlon* and Logacl Oonalions Gift aid Grant5 536,080 120,094 16,419 368.646 52.306 45,300 904.728 172,400 81,719 672.593 466.252 1,138.845 Ch4rltablo Actlvlllos Church activilios Serving others R?imbursemenls 28.404 28.404 2.407 2,407 30.811 30,811 Other Tradlng Actlvltl Rent•l incom• 74.405 74,406 74.405 74,406 Investm•nt In¢om• Bank Int8r•si 7,478 3,605 11,083 7,478 3,60S 1t,083 Oth•r Other Incom• S8 240 298 58 240 298 Totsl In¢offl• 785,346 470.097 1.265.442 17
City Church Newcastle Year Ended 31 August 2025 Notes to the Flnanclal Statements 2 Analy515 ol Income Icontlnuedj Unr•siricted ReStrCted Totsl Funds Fund8 Funds 2024 DonitionJ and Logacl•i Donations Girt aid Grant$ 508,392 92,386 7,D06 41.159 2.413 39.000 549.551 94,779 46,008 807,784 82,572 690,338 Charitsble Activiti Church activitie$ S•rving others Raimbursem•ntS 32,280 32,280 2,SOS 2,606 34,888 Oth•r Trading A¢lbvlti•• R•nt•l Incom• 73,914 73.914 73.914 73,914 nva#tm•nt Incom• Bank Intsr•st 4.279 4,279 4,279 4,279 Other Other income sso sso 550 sso Totsl Incom• 721.373 82.S72 803.946 18
City Church Newcastle Year Ended 31 August 2025 Notes to the Financial Slatements 3 Expendrtuig on Ch•rttsbh A¢ti¥its# By Fund Ty Unrethded Re$tnCled Total Fund• Fund5 Funds 20Z5 A¢bvity and event ¢9gt¥ Administratron ¢05ts Adverh5Ing Bank charge$ Depreciaiion External giving Governance Interest IT, aquiprnenl and thnoly Costs Ministry costs Premi$e8 cos18 Siafl expenses Staff 5al3rN*5 and subcontractor costs Volunteer expenses 37,$45 14.499 1,620 4.676 30.189 6B.044 8.219 27.001 20.978 29.382 116.131 9.698 339.887 246 24.371 61,916 14.499 1,620 8.132 30,189 74,521 .219 27,001 24,182 38.057 116,401 11.146 3B6,197 1,706 1.486 6,477 3.204 6,67S 270 48.330 1,460 708.09S 91,891 709,786 UnTe¥frided R?strictsd Totsl Fund¥ Funds Funds 2024 Activity and event costs AOmini$tration costs Advertising 8ank charye$ O#preciali¢n Eklernal giving Govemance Intere51 IT, equipment and tethnology costs Mini51ry costs Premises costs Staff expenses Slalf salarie5 and subcontractor costs Volunteer expenses 63,651 8,750 18,580 1.175 82.231 9,925 3,190 16,9S3 49,933 2.383 31.357 19.B57 43,380 108.698 10,925 309,673 16,953 31.126 2,383 31,357 17.889 42.028 102892 10.086 274.939 18,807 1.352 5.8C6 839 34.764 607.276 83.291 690.569 19
City Church Newcastle Year Ended 31 August 2025 Notes to the Flnancial Statements 4 Voluntser4 The church benefits greaY from the voluntary contribubon5 of kn.rne and money by its fomial members and regular attendee5. Ple05e refer io the trustees, report for further details about volunteeT conlributsons to the organ15aticn. 5 ststOry Avdlt and Ind•pefident Ex•rnlnation Fee• Fees payable to the audiior or Independent ex8rn1ner for 202S 2024 Fees fof Slatutory ALxYit InéepentSen¢ examin•tion and pparatIOn of the fjnanoal staternènts 2,214 6 Stsff c1¥ The l01o18laH ¢08t5 and ernOyee benefits for Ihe r8pOng penod av8 Analys*d as folows. 2026 2024 Wage$ 141aneJ Social secunty colts Ernploy•r tentrsbulions to p•nsion plans 323.958 18.812 23.748 254.729 14828 21,871 366.$18 291.427 Subcontractor ¢o$ts 19.679 18.246 386.197 309.673 The averagè h¢ad¢ount of•rnployeeg dumg the year was as foll(Ms". 2025 2024 16 Average Headcount 18 No employees recewed employee benefits of rnore th8ft £60.1)C•) tlurin9 the year or the prior ye8r. Key Management Pernonnel The charrty consider5 Ils key rnanagernent personnel to be The 8oard of Trustees togetherwith the Senior Leadership Team The total employee benefits weaved by the key man4ernent personnel (including em0yer natsonal insurance and pension cortribubon51 was £146.28812024. £120,742). 20
City Church Newcastle Year Ended 31 August 2025 Notes to the Flnanclal Statements 7 Tru$t¢È Rwnurteraiion, Expenses and Donation During the year three trustses (who a also members of the Eldership Tearnl rer*ived remuneration. The reer3D0 paiLI during the year Is lor the employee's rde wthin the church and not for theii role 3s a trustee. The charity's memorandum of artides gives authority for such remuneralion to be paid. The total munera.0rt pakl dunng year these trustee$ 15 as foMow5. 2025 2024 James Shepherd Andrew Bramhall 50.305 49.569 46212 49,569 Sarah Shepberd 32,648 Appojntedas Iwstee July 2025 Durirtg Ihe year fourtrustees incurred out-of.pcdet expenses totalling £6.05512024. £5.1181 whith were all Incurred for the day-to-day wnning of the charity's actFvities. During the year Ihe totas aggregated donations made to the chanty by the trustees was 263.972. Ther were fio ¢onditsons attsched to the donations.12024." £38.0081 21
City Church Newcastle Year Ended 31 August 2025 Notes to the Financlal Statements 8 Tangibl8 Fixed As45ets Musical and Office and FumiturÈ Freehold Technical Computer Fixtures Property EquipFnent Equipment and Fittsngs Vehides Total Co%ts At 1st September 2024 Additions DispE)sals Al 31st August 2025 1,759.920 1,733.385 99.010 15,693 232.599 2,080,887 26.535 8.814 1,740 52.861 25,000 114,750 107.824 17.433 28S,260 25.000 2,195,437 Depreciation Al 1st September 20 Depreciatson Charge Disposa15 At 31st August 2025 83,488 8,145 14,002 1.554 205.396 15,490 302,886 30,189 5,000 9f,633 15,556 220.886 5.000 333,075 Net Book Valve At 31st August 2025 1,759.92D 16,191 1,877 64,374 20.000 1,862,362 At 31 $tAvgu$t 2024 1.733.385 15,522 1,691 27,203 1,777,800 22
City Church Newcastle Year Ended 31 August 2025 Notes to the Financial Ststements 9 Long Terni Lo•n D¢btor The loan represents deferred eonsKleTation arising frorn the sale in August 2019 of the charity, Rid(leton propeTty lo House of DesbTry Ministne5 The loan Is Interest free antt is secured by a legal charge over the RtOn woperty. Thè loan Fs repayab In annual Instsiments of£15.000 expinng In Dernber 2029. 2026 2024 8etween one #nd two yea 8ets¥8en three and five year5 After more than five years 30.0Tr] 30.000 45.000 60.000 75.000 10 Debtors 2025 2024 Accounts weivable Gift Aid recoveraNe Prepayrnent5 Loan 2.461 17,229 25.000 8.088 1 021 15.000 15,000 44,530 49 109 11 Current Asset investment 2025 2024 Funds hekl holdirlg acccunt 683.961 683 961 12 Creditors.. arnounts falling due within on* y 2025 2024 Members loans Bank loan IsecuTedl Trade creditor5 Accruals Deferred Income Credrt card 15.000 33.477 27.521 1.024 2.825 5.265 15.000 35 549 12.222 8,138 4.939 85.112 75 848 23
City Church Newcastle Year Ended 31 August 2025 Notes to the Financial Statements 13 Creditors.. afflounts falling due after one year 2026 2024 Members loans Bank loan15ecuredl 160,000 368 249 75.0 391,036 528.249 466.036 The members loan$ are unse¢u¥ed. interest free and repayab In a timescak that works lor the charity. The bank loan is fuHy secured on the CastteG3te freehold propety. It is rep3yabl8 by instalrnents, rnatunng In 2(136. The amourf at 31 AugL*St 2025 analyse(l as folkms 2025 2024 Wiihin one year 8efween one and two yea Between three and fve year5 After more than five yea 35 $49 35.549 71.097 106.647 188433 71.097 106.847 213,392 401.725 426.585 24
City Church Newcastle Year Ended 31 August 2025 Notes to the Financial Statements 14 AnalysiJ of Charitable Funds Unresth¢t¢d Funds 1 Sept 2024 Inccrfne Expenditure Transfer5 31 Avg 2025 Unr¢stri¢td General Events & charye8bles 48.301 2,249 747.426 30.811 1542.4801 1172,6221 129.9191 12.0981 80.625 1.043 50,550 778.237 1572,3991 1174.7201 81.668 D•signtsd BVJ bcket building BuiliOn9. assets & mortgage InternatK)nal adership ¢eveSopment fund K115sion Soal actson & 122_729 7.108 110.4621 165.3741 S4.001 1.351.352 157.1901 167,414 1,461,578 31,778 168,0441 60.956 24.690 Working capitsl 100.OCV) 10 000 110.000 1,605.859 7,108 113S.6961 172.996 1.650.267 Totsl Unrestricted 1.656.409 78&345 1708,09SI 11.7241 1.731.935 Restvittèd Funds CAP debt centre Catslyst offenng 2024 Catering tr81ning proje City rmpaSsion projec15 appe Cty refugee Gift day 2022 Gift day 2025 Gift5 Kqinibus Newday offering Open doors 2024 Pantry food projecl Student Inis510ll Tech equipment 19,0471 12341 35.676 28.613 115 119 2.961 9.000 19.2801 2,681 6.274 565 1.546 438.698 1.585 16.157) 9.012 126.2331 42.776 33.370 146,1601 18.6831 11.1881 14.0451 13.0401 12.9651 12.5621 13.2441 19621 11641 191.6911 6.193 437.510 2.459 111,9601 11.3701 15.CKN) 5.809 2.562 1,626 1.474 1,305 2,052 f.739 38 2,676 3,282 1.313 11,7551 1,724 Totsl Re¥triGttd 11XI.793 470.097 480.923 Totsl Fund8 1.757.202 1,255,442 (799.7861 2,212,8S8 25
City Church Newcastle Year Ended 31 August 2025 Notes to the Financial Statements Analysis of Chaiilallle Funds conL Unrnstricted Funds 1 Sept 2023 Income Eypendrture Transfets 31 Aug 2024 Unmtri¢t•d General Events & thargeab 679071 1478.4441 1172.3261 35.296 141.8501 7.472 48,301 2,249 1.331 21,331 714.367 1520,2941 1164,8541 50,550 l)e$i9n•ted Big ticket building Buikliftg. assets & rnortgage Internabonal leadership develDpFnellt fund M15sion Social action & partnerships Wotking caprtal 147 846 4.693 136.8161 122,729 1.218.754 148.3101 180.908 1,351,3S2 7.500 17.5001 19.909 143.3871 55,236 31,778 78.000 22.000 100.000 1,471009 7.006 186,9841 213.828 1.605,859 Total Unrestricted 1.493,340 721,373 1607,2781 48,974 1.656,409 Restricted Funds CAP debt centre Catslysl olfering Catering train¢ng preiect Chn8lm8s appe¥ 2023 Grfts Gtft day 2022 mIn)uS MIs51Qll. 50ual actHsn & partneF5hip5. CRW 2.lJ)O 2.787 {161 12.6721 1,984 115 16.5391 2,961 5.424 12.043 15.4241 112.0431 (lo} 340 112.010 13401 168.6341 33,370 15.000 15.000 37.136 143.4281 20,000 42,776 Panty food proJe¢t Punjab trip Estricted gift Tech equipment grft 2023 Total RestrÉcted 11951 110001 11 9681 1,305 5.250 3,282 150.486 82.572 183.2911 148.9741 100,793 Total Fvnd8 1,643,826 803.945 169ri.5691 1,757,202 Fund Transferd 26
City Church Newcastle Yoar Ended 31 August 2025 Notes to the Flnanclal Statements 2025 City compassion projects appeal The funds collectèd for the Crty cornpassion proj8cIs appeal were split equally belwe&n the City Refugee Welcome fund. tha CAP debt cenire and the Pantry Food Project. These Iransfers closed the fund. ASI of these tian5f&r5 rerrain with4 the restriction of th8 donation5. During th8 year, £24,311 was Iransferred lo the CAP Debt tre. £774 was transferred tD the Big ticket building fund, and £1,148 to the Building. a5S&t5 and mortgage fund, In order to close the fund. All of th?se transf&rs remain within the reslriclion of th& donatiorF$ oiven, During Ihe year, a minibus was purchased for 25,000. £11,960 has be8n tr3nsferred trom the Minibus fund and £13,040 form the City Refugee Welcome fund W88 transferred to the gener81 fund as 18 held in the general fund a6 an assèt for the purpose ol depreciation. Grft day 2022 Minibus Newday offeryng fund During the year. 18bles 8nd ch8ir$ worth £1,370 were purchased by the Newday offtsring fund, this wa$ transferred tL) the general fund 85 these were capilalised as 8n asset and held in tha gen8r81 fund for tha purpose of depreciation. Tech equipment gift 2023 During the year a Tech equipment worth £1,755 were purch8sed by thts Yech Equipmenl lund. this was transl•rr8d tc the general fund 8$ Ih8ge were caprt8115e(l a5 an ass•t and held In th• general fund for Ihe purpoje ol dePre8th0n. 2024 Big ticket building Transfer of fixed assets purchBsed by the de8ignat?d fund but held in the assets fund for depre¢iAtion Transfer lor the fund bal8nce to m8tch the closing fixed 88set balance less secured mortgage. Tranyfer ol fixed asset¥ purcfva8ed by th• r*strieled fund bul held in the a55els fund for depreciation Building. assets & rnortgaga Gift day 2022 International leadership development fund Mi$$i?n, social actOn & partnerships Working capital Redesignaled fund5 to the Mission. Social action & partnership fund Tran818r to increa58 the deSnal•d fund. Transfer to In¢rea5e the designated fund. 27
City Church Newcastle Year Endgd 31 August 2025 Note8 to the Financial Statements Fund D¢8¢rlptions Dtrsignaled Fund$ 819 ticket building Fund sèt M51d8 for r#placing and renewing 519nificant and18rge uilding items. Fund balancts tc• match thè closing fixed asset balance less secured mortgage. Money sel aside lo enable individuals from ov8r5888 to come to th UK lo serve the church and 10 study. Unre51ricied gfant lurtding designated lor 8 City RefuGee Welcome clrdinatr. 8uilding, assets & rnortgage International leadetship development fund Mis$ion, soc181 a¢lion & partnerships Working capital Fund established to ringfgnce the organ15ation$ ?$s•ntial w$ervtt8 balance In lin& with the updoted re$erv&$ policy. R••tr6¢tod Fund8 CAP d•bt centre Grant5 and donation5 received towards lh running of aur CAP dabt centr?. C?tsIys1 offgring 2024 Calerin9 trainin9 project Donations towards the catalyst network of chvrches Funding received lo run a catering proivcl lor asylum geekers ¥nd refugees, Clty compa89ion projects ap01 Funds r8ised lo support th? thr88 rn15Bion proie¢t6 fund by the church.. the CAP debt centre, City refugee welcoma and the City Special offering to support two of our rni$sion partngrs Ifood pantry and supporting churches In SE Asia). Restncled one-off offerings where money 18 passed on. Ouring the yèar. th15 included a gift in Kind from YWAM lor the building proiecl but reducing the cost of the Alb8nia trip fundraise by the Gifts fund. Special offering for church building works 8nd e5tsblishing a CAP cenlre, Christmas appoal 2023 GIftB Gift day 2022 Gift day 2025 Donations r•ceivL¥d towards building works on heating sy$tem 8nd TH relurb. Minibus Mission, social •¢tion & partnerships" CRW Newday oflering Grant received lor the purchase of a church minibu5. Gr8nls Fund5ng ftyr a City Refugee welMe co.ordinator. Fund5 raised to 8UPPOrt young people attending the Newd2y Festival. Open doors 2024 Gifts given lo support Open Doors (registered charity 112*841 Pontry food proie¢l Puniab trip restricted gift Student mission fund Re$iri¢ted donation$ lo go toward5 the running of our food pantry. Restricted Gift to ba used lowarrss an overseas irip. Grant given by Justsow for student oulrea¢h Tech equipment grft 2023 Donation received from church members with the re$tn¢titsn that it 1$ Spent on church tech equipment. 28
City Church Newcastle Year Ended 31 August 2025 Notes to the Financial Ststements 15 Analysis of Net Assets Betten Fund8 Urswlri¢ted Restricted Totsl Funds FTrds Funds 2025 Fixed assets Current assets Creditors less than l year Creditors after one l yea¥ 1.862.362 482 934 1,862,362 963.857 185,1lZI IS28,2491 2.212.858 480,923 185 1121 {528,2491 1.731,935 480.923 un$Cted Resthcted Toral Fund$ Funds Funds 2024 Fixed a55et5 Current assets 1.777 800 420.493 j75.8481 1466.0361 1.777.800 521.286 175.8481 466,0361 1.757,202 100.793 Creditors le55 than 1 year Creditors after one 1 year 1,656.409 100,793 16 Company Stas The cotrpany Is a cornpany Iirnited by 9uar8ntee and not having 3 share capital Every mernber of the Cornpany undertakes lo ¢oninbuie in a winding up sum noi exceeding £1 whilsi they are a member. or wrthin one year afier ceastng to be 3 membeT, towarfs debts and liaknles contracted belore asing to be a member. 17 Related Party Transactions No related party transactions took p13ce duriry the current prior year. 29