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2023-03-31-accounts

Trustees’ Annual Report for the period

From 1st April 2022 to 31st March 2023

Charity name: Gospel Community Church Newcastle

Charity registration number: 1134332

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 1.
The objects of the Church
are, for the benefit of the public:-
2.
to advance the Christian faith
[in accordance with the Statement of
Beliefs] in such ways and in such
parts of the United Kingdom or the
world as the Trustees from time to
time may think fit;
3.
to relieve sickness and
financial hardship and to promote
and preserve good health by the
provision of funds, goods or services
of any kind, including through the
provision of counselling and support
in such parts of the United Kingdom
or the world as the Trustees from
time to time may think fit; and
4.
to advance education in such
ways and in such parts of the United
Kingdom or the world as the
Trustees from time to time may think
fit;
5.
The Trustees must use the
income and may use the capital of
the Church in promoting the
Objects.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 Para 1.17 and
1.19		 Church Activities including Streetworx
(helping the Homeless)
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 We as Trustees understand the guidance
issued by the Charity Commission on
Public Benifit

Additional information (optional)

You may choose to include further statements where relevant about:

SORP reference
Policy on grant making Para 1.38
Policy on social investment
including program related
investment		 Para 1.38
Contribution made by
volunteers		 Para 1.38 This charity could not function without
the exceptional contribution of
volunteers both from within and outside
the church. Our volunteers serve
tirelessly and are deeply appreciated.
Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 Sunday services have seen steady growth
and seeing lives changed by being born
again through faith in Jesus. People
receiving healing prayer, finding community
and friendship. Social action through our
Streetworx Homeless street outreach teams
have seen many members join and connect
via Facebook. Life Groups formed in
people’s homes for friendship and Bible
Study. Our group in Newbiggin by the Sea
moved (due to venue’ poor heating system)
at Christmas. We have relocated to nearby
Blyth, meeting in a home and are looking to
open here at the Buffalo Centre 30th April
2023.

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41
Performance of fundraising
activities against objectives
set		 Para 1.41 Our funds have gradually increased over
the year with a solid savings element for
contingencies, and growing building fund
Investment performance
against objectives		 Para 1.41
Other

Financial Review

Review of the charity’s
financial position at the end
of the period		 Para 1.21 the Trustees have:
selected suitable accounting policies and
then apply them consistently;
observed the methods and principles of the
Charities SORP (FRS 102);
made judgments and accounting estimates
that are reasonable and prudent;
shown in the accounts that applicable UK
Accounting Standards (FRS 102) have
been followed,
prepared the financial statements on the
going concern basis unless it is
inappropriate to presume that the
charity will continue in business.
Consequently the charity is in a good
position at the end of the financial year
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 The Charity has approximately 2 1/2
months of operating costs held in cash at
the bank in separate savings account
Amount of reserves held Para 1.22 £12,760 Cash
Reasons for holding zero
reserves		 Para 1.22 N/A
Details of fund materially in
deficit		 Para 1.24 N/A
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 Our Accountants have stated in their
Independent Examination Letter of
Representation Para 18: ‘We believe that
the charitable company’s financial
statements should be prepared on a going
concern basis on the grounds that current
and future sources of funding or support will
be more than adequate for the charitable
company’s needs. We have considered a
period of twelve months from the date of
approval of the financial statements. We
believe that no further disclosures relating
to the charitable company’s ability to
continue as a going concern need to be
made in the financial statements.’

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47 Tithes and Offerings: Giving by the
Congregation
Fund Raisning for Streetworx by grants,
sales of donated goods (not trading),
donations and ad hoc collections
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46 If investments were made these would be
ethical in line with the statement of beliefs
A description of the principal
risks facing the charity		 Para 1.46 Our Charity relies on people giving
voluntarily to fund the aims of the charity, so
this has to continue for the running of the
charity
Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Trust Deed
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 COMPANY LIMITED BY GUARANTEE
AND
NOT HAVING A SHARE CAPITAL
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Trustees approached and asked if they
would be willing to volunteer as selected
under the direction of the spiritual oversight
of the church: ie the Elders

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures
adopted for the induction
and training of trustees		 Para 1.51 Trustees encouraged to read their
requirements from the charity commission’s
website and inducted into the ways of the
charity by Trustees with previous
experience in this role. We aim to not
change more than one Trustee at a time for
stability and training.
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51 The Charities organisational structure
consists of Elders, Trustees and
Congregation. The is a Finance Team has
x5 members, two of whom are Trustees and
a further two of whom have accountancy
qualifications. This gives at least x4 different
viewpoints on the operational and day to
day running of the charity to ensure high
standards are maintained.
Relationship with any related
parties		 Para 1.51 We have good relationships with Ministers
across the city and are part of a ministers
forum. We have spiritual and practical
oversight from a Scottish based charity: Go
Global family, SC052784
Other We are part of the Evangelical Alliance, and
support the work of Good News For
Everyone.

Reference and Administrative details

Charity name Gospel Community Church Newcastle
Other name the charity uses
Registered charity number 1134332
Charity’s principal address 23, Briarside, Westerhope , Newcastle Upon Tyne NE5 2LT

Names of the charity trustees who manage the charity

Trustee name Office (if any) Dates acted if not for
whole year		 Name of person (or body)
entitled to appoint trustee
(if any)
1
2
3		 Timothy Brown Elder /Trustee Whole Year Elders /Trustees
Paul Foden Elder /Trustee Whole Year Elders /Trustees
Andrew
Ntanda		 Trustee Commenced
10/9/2022 and is
currently a Trustee		 Elders /Trustees

Corporate trustees – names of the directors at the date the report was approved

Director name Timothy Brown Paul Foden Andrew Ntanda

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of
adviser
Name
Address		 Type of
adviser
Name
Address		 Type of
adviser
Name
Address
Accoun
tant		 Kinnair
Associates Ltd		 Aston House, Redburn Road Newcastle upon
Tyne NE5 1NB

Name of chief executive or names of senior staff members (Optional information)

Mrs M. Mak

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

We are an open organisation. Please contact us if there is any information relating to our charity that you would like clarification on. We would be glad to help - or better still come and visit, to see for yourself. Many of our volunteers from Streetworx have never been to the church but love what we are doing to help the homeless in Newcastle. Everyone is welcome to volunteer (subject to safe working practices / training).

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Timothy Brown Position (eg Chair and Pastor Secretary, Chair, etc)

Date 29th December 2022

GOSPEL COMMUNITY CHURCH NEWCASTLE LTD (formerly Destiny Church Newcastle)

(a company limited by guarantee)

Annual Report and Financial Statements

31 March 2023

Company registration number 06926769

Charity registration number 1134332

Gospel Community Church Newcastle Ltd Annual Report and Financial Statements Contents

Page
Charity information 1
Report of the trustees 2
Independent examiners' report 6
Statement of Financial Activities 7
Balance sheet 8
Notes to the accounts 9

Gospel Community Church Newcastle Ltd Charity information

Reference and administrative details

Trustees & directors Timothy Brown Paul Davidson Foden Teresina Nancy Fullard Dr Andrew Kenneth Ntanda Company number 06926769 Charity number 1134332 Registered office 23 Briarside Newcastle upon Tyne NE5 2LT Independent examiners Kinnair and Company Limited Aston House Redburn Road Newcastle upon Tyne NE5 1NB Bankers Barclays Bank plc Leicester

Resigned 10 September 2022 Appointed 3 February 2023

1

Gospel Community Church Newcastle Ltd Report of the trustees

Introduction

The trustees are pleased to present their annual trustees' report together with the financial statements of the charity for the year ending 31 March 2023 which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

Objectives and principal activity

The objects for which Gospel Community Church Newcastle is established are:

Achievements and performance

Sunday services have seen steady growth and seeing lives changed by being born again through faith in Jesus. People receiving healing prayer, finding community and friendship. Social action through our Streetworx Homeless street outreach teams have seen many members join and connect via Facebook. Life Groups formed in people’s homes for friendship and Bible Study. Our group in Newbiggin by the Sea moved (due to venue’ poor heating system) at Christmas. We have relocated to nearby Blyth, meeting in a home and are looking to open here at the Buffalo Centre 30th April 2023.

Our funds have gradually increased over the year with a solid savings element for contingencies, and growing our building fund.

Financial review

The charity's incoming resources increased by 11.4% from 2022 to 2023 however resources expended only increased by 5%. This enabled us to make an increased net profit for the year of 6% and indicates imporovement post COVID.

The charity’s principal sources of funds is Tithes and Offerings: Giving by the Congregation, Fund Raisning for Streetworx by grants, sales of donated goods (not trading), donations and ad hoc collections.

2

Gospel Community Church Newcastle Ltd Report of the trustees

The trustees carry out an annual review of the level of reserves they feel is appropriate to maintain in order to meet the charity's objectives effectively. The charity held sufficient fund balances at the year end, all of which were unrestricted funds and held in forms considered appropriate to the charitable company's activities and future commitments.

The Charity has approximately 2 1/2 months of operating costs held in cash at bank in a separate savings account enabling them to fund operations should it be required.

The trustees have identified the principal risks facing the charity and, in their opinion, have addressed those risks by the appointment of informed trustees who can provide detailed and appropriate guidance to all other officers, and by the appointment of external independent examiners.

3

Gospel Community Church Newcastle Ltd Report of the trustees

Reserves policy

The Charity aims to maintain a policy of holding cash reserves at a minimum of 2 to 3 months of operating costs in a separate savings account and will continue to strive to increase this on an ongoing basis.

Plans for future periods

We aim to continue to grow numerically. We will continue to evangelise and reach out to include people. We have a multinational, multi ethnic church which reflects the diversity of society around us. There is a thriving children's work and a small but growing teens group.

As is our continued ongoing plan, we aim to purchase our own and first building and will continue to aim to raise a building fund in order to acheive this.

We believe that post Covid results will continue to provide us with opportunities to achieve this goal and we will continue to fundraise and evangelise accordingly to meet the needs of the society around us.

Each 4 hour hire currently costs us £150, plus over £6k per year on storage indicating we could afford mortgage repayments on the amount of rent we are expecting.

The Streetworx arm helping the homeless also rents storage facilities and so if these two aspects were combined into one multipurpose building, the community impact and synergy of both activities would fulfil the aims and purposes of this charity.

We would also like to run support groups which help people recover from drugs / alcohol etc as we are attracting people who are getting free of these addictive behaviours.

Structure, governance and management

As a company limited by guarantee, there is no share capital. Every member of the company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £1 for debts and liabilities contracted before he/she ceases to be a member. The relevant governing document is the Memorandum and Articles of Association.

The trustees have not delegated day to day running of the charity, this is maintained by themselves.

New trustees are appointed by the serving trustees. The training and induction provided for new trustees is provided by the serving trustees.

Reference and admirative details

Gospel Community Church Newcastle,( the charity, the charitable company) is a charitable company formed to achieve the objectives stated in the governing document and memorandum and articles of the charity. It is a company limited by guarantee (registered number 06926769 ) and is also a registered charity (registration number 1134332).

The trustees who acted during the year and up to the date of the report are shown on page 1.

The registered office of the charity and details of its principal advisers are given on page 1.

4

Gospel Community Church Newcastle Ltd Report of the trustees

Public benefit

The trustees are satisfied that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission.

When planning the charity's activities for the year, the trustees considered the Charity Commission’s guidance on public benefit. The trustees also considered how the charity had succeeded in delivering its aims, including public benefit, when reviewing the achievements for the year which are set out below.

Trustees' responsibilities in relation to the financial statements

The charity trustees (who are also the directors of Gospel Community Church Newcastle for the purposes of company law) are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements, the trustees are required to:

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

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approval

21-Dec-2023

This report was approved by the trustees on . . . . . . . . . . . and signed on its behalf by:

T Brown Director and Trustee

5

Gospel Community Church Newcastle Ltd Independent examiners' report to the trustees of Gospel Community Church Newcastle Ltd

I report on the accounts of the company for the year ended 31 March 2023, which are set out on pages 7 to 12.

Respective responsibilities of trustees and examiners

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. I am qualified to undertake the examination by being a qualified member of The Insitute of Chartered Accountants in England and Wales.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responisbility to:

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charities Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanantions from you as trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the next statement.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

▪ to keep accounting records in accordance with section 386 of the Companies Act 2006 and

▪ to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of of the Statement of Recommended Practice: Accounting and Reporting by Charities

have not been met or

Mai Mak FCA

Kinnair and Company Limited Chartered Accountants Aston House Redburn Road Newcastle upon Tyne NE5 1NB

21-Dec-2023

. . . . . . . . . . .

6

Gospel Community Church Newcastle Ltd

Statement of Financial Activities (incorporating an Income and Expenditure Account) for the year ended 31 March 2023

Notes
Income from:
Charitable activities
2
Investment income
3
Total
Expenditure on:
Charitable activities
4
Total
Net movement in funds
Funds brought forward
Funds carried forward		 Unrestricted
funds
2023
£
85,393
26
85,419
79,616
79,616
5,803
76,240
82,043		 Total
funds
2023
£
85,393
26
85,419
79,616
79,616
5,803
76,240
82,043		 Total
funds
2022
£
76,652
1
76,653
75,789
75,789
864
75,376
76,240

The charitable company has no recognised gains or losses other than those shown in the Statement of Financial Activities. None of the charitable company's activities were acquired or discontinued during the above two financial years.

7

Gospel Community Church Newcastle Ltd Balance Sheet as at 31 March 2023

Notes
Current assets
Cash at bank and in hand
Liabilities: amounts falling due
within one year
8
Net current assets
Funds
Unrestricted funds:
- General Fund
9
- Capital Reserve
9
Total charity funds
Net assets		 2023
£
83,063
(1,020)
82,043
82,043
30,108
51,935
82,043		 76,960
(720)		 2022
£
76,240
76,240
76,240
76,240

For the year ended 31 March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Trustee's responsibilities:

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard 102.

21-Dec-2023

These accounts were approved by the directors on . . . . . . . . . . . and signed on their behalf by:

T Brown Trustee

The notes on pages 8 to 11 form part of these financial statements

8

Gospel Community Church Newcastle Ltd Notes to the Accounts for the year ended 31 March 2023

1 Accounting policies

Accounting conventions

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practise applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102 and with the requirements of the Companies Act 2006 and the Charities Act 2011. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objects of the charity.

Designated funds are available for use at the discretion of the trustees in support of providing premises and associated costs.

Income

All incoming resources are included in the statement of financial activities where the charity is entitled to, and virtually certain to receive, the income and the amount can be quantified with reasonable accuracy.

Voluntary income is received by way of donations, tithes, offerings and gift aid and is included in full in the Statement of Financial Activities when received.

Expenditure

Expenditure is charged on an accruals basis, as a liability is incurred, inclusive of irrecoverable Value Added Tax.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both the direct and support costs relating to those activities.

Governance costs include those associated with meeting constitutional and statutory requirements of the charity and costs linked to the strategic management of the charity.

Taxation

The charitable company is exempt from income tax on its charitable activities but is not exempt from Value Added Tax. Irrecoverable VAT is included in the cost of those items to which it relates.

Financial Instruments

The company only has financial assets and liabilities of a kind that qualify as basic.

9

Gospel Community Church Newcastle Ltd Notes to the Accounts

for the year ended 31 March 2023

2 Income: Charitable activities

Donations and gifts
Gift Aid
3
Income: Investment income
Bank interest receivable
4
Expenditure: Charitable activities
Costs directly allocated to activities
Advertising
Events
Rent
Donations- Gospel Community Ministry
Donations
Staff costs
Streetworx
Support costs allocated to activities
Conference expenses
General office
Legal and professional costs
Repairs
Staff costs
Travel		 2023
Unrestricted
£
73,932
11,461
85,393
2023
Unrestricted
£
26
26
2023
Unrestricted
£
95
1,797
12,446
4,140
727
50,407
1,451
193
4,670
1,363
70
-
2,257
79,616		 2023
Total
£
73,932
11,461
85,393
2023
Total
£
26
26
2023
Total
£
95
1,797
12,446
4,140
727
50,407
1,451
193
4,670
1,363
70
-
2,257
79,616		 2022
Total
£
65,198
11,454
76,652
2022
£
1
1
2022
Total
£
295
1,374
13,957
3,909
965
24,081
1,714
117
4,342
733
90
24,081
130
75,788

10

Gospel Community Church Newcastle Ltd Notes to the Accounts for the year ended 31 March 2023

5 Expenditure: Governance costs

Included in expenditure: charitable activities are governance costs amounting to:

Legal and professional costs
Staff costs
Travel
General administrative costs
6
Staff costs
Salaries
Pension costs
Staff training and other costs		 2023
Unrestricted
£
1,363
15,862
100
502
17,827		 2023
Total
£
1,363
15,862
100
502
17,827
2023
£
48,830
1,264
313
50,407		 2022
Total
£
720
15,702
124
538
17,084
2022
£
47,746
832
-
48,578

No employee earned more than £60,000 during the year. One trustee Pastor T Brown received £14,131 (2022 - £15,875) remuneration for his services. Expenses totalling £3,051 reimbursement (2022- £104) were paid on behalf of J Foden, M Brown, D Brown and T Brown.

The average number of staff employed during the year was:

Administration
7
Net outgoing resources
This is stated after charging:
Independent examiners' remuneration
- as independent examiners		 2023
Number
3
3
2023
£
1,020		 2022
Number
3
3
2022
£
720

11

Gospel Community Church Newcastle Ltd Notes to the Accounts for the year ended 31 March 2023

8
Creditors: amounts falling due within one year
Accruals and deferred income
9
Statement of Funds- current year
At 1 Apr
2022
£
Unrestricted funds
General fund
24,305
Designated funds
Capital fund
51,935
Total unrestricted funds
76,240
Total funds
76,240		 Incoming
resources
£
85,419
-
85,419
85,419		 2023
£
1,020
Outgoing
resources
£
(79,616)
-
(79,616)
(79,616)		 2022
£
720
At 31 March
2023
£
30,108
51,935
82,043
82,043

The designated fund is a capital fund to be applied against future property expenditure.

Statement of Funds- prior year
At 1 Apr
Incoming
2021
resources
£
£
Restricted funds
Unrestricted funds
General fund
23,441
76,653
Designated funds
Capital fund
51,935
-
Total unrestricted funds
75,376
76,653
10 Related party transactions
Alison Brown - wife of pastor - charity activities and support
Joanne Foden - wife of trustee - charity activities and support		 Outgoing
resources
£
(75,789)
-
(75,789)
2023
£
14,341
5,824		 At 31 March
2022
£
24,305
51,935
76,240
2022
£
20,207
6,000

Donations of £2,973 (2022- £2,684) were received from the trustees during the year.

12

Gospel Community Church Newcastle Ltd Notes to the Accounts

for the year ended 31 March 2023

11 Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £500 (2022- £400) and preparation of financial statements of £620 (2022- £320).

11 Controlling party

The charity is under the control of the trustees, as a body.

13

GOSPEL COMMUNITY CHURCH NEWCASTLE LTD (formerly Destiny Church Newcastle)

(a company limited by guarantee)

Annual Report and Financial Statements

31 March 2023

Company registration number 06926769

Charity registration number 1134332

Gospel Community Church Newcastle Ltd Annual Report and Financial Statements Contents

Page
Charity information 1
Report of the trustees 2
Independent examiners' report 6
Statement of Financial Activities 7
Balance sheet 8
Notes to the accounts 9

Gospel Community Church Newcastle Ltd Charity information

Reference and administrative details

Trustees & directors Timothy Brown Paul Davidson Foden Teresina Nancy Fullard Dr Andrew Kenneth Ntanda Company number 06926769 Charity number 1134332 Registered office 23 Briarside Newcastle upon Tyne NE5 2LT Independent examiners Kinnair and Company Limited Aston House Redburn Road Newcastle upon Tyne NE5 1NB Bankers Barclays Bank plc Leicester

Resigned 10 September 2022 Appointed 3 February 2023

1

Gospel Community Church Newcastle Ltd Report of the trustees

Introduction

The trustees are pleased to present their annual trustees' report together with the financial statements of the charity for the year ending 31 March 2023 which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

Objectives and principal activity

The objects for which Gospel Community Church Newcastle is established are:

Achievements and performance

Sunday services have seen steady growth and seeing lives changed by being born again through faith in Jesus. People receiving healing prayer, finding community and friendship. Social action through our Streetworx Homeless street outreach teams have seen many members join and connect via Facebook. Life Groups formed in people’s homes for friendship and Bible Study. Our group in Newbiggin by the Sea moved (due to venue’ poor heating system) at Christmas. We have relocated to nearby Blyth, meeting in a home and are looking to open here at the Buffalo Centre 30th April 2023.

Our funds have gradually increased over the year with a solid savings element for contingencies, and growing our building fund.

Financial review

The charity's incoming resources increased by 11.4% from 2022 to 2023 however resources expended only increased by 5%. This enabled us to make an increased net profit for the year of 6% and indicates imporovement post COVID.

The charity’s principal sources of funds is Tithes and Offerings: Giving by the Congregation, Fund Raisning for Streetworx by grants, sales of donated goods (not trading), donations and ad hoc collections.

2

Gospel Community Church Newcastle Ltd Report of the trustees

The trustees carry out an annual review of the level of reserves they feel is appropriate to maintain in order to meet the charity's objectives effectively. The charity held sufficient fund balances at the year end, all of which were unrestricted funds and held in forms considered appropriate to the charitable company's activities and future commitments.

The Charity has approximately 2 1/2 months of operating costs held in cash at bank in a separate savings account enabling them to fund operations should it be required.

The trustees have identified the principal risks facing the charity and, in their opinion, have addressed those risks by the appointment of informed trustees who can provide detailed and appropriate guidance to all other officers, and by the appointment of external independent examiners.

3

Gospel Community Church Newcastle Ltd Report of the trustees

Reserves policy

The Charity aims to maintain a policy of holding cash reserves at a minimum of 2 to 3 months of operating costs in a separate savings account and will continue to strive to increase this on an ongoing basis.

Plans for future periods

We aim to continue to grow numerically. We will continue to evangelise and reach out to include people. We have a multinational, multi ethnic church which reflects the diversity of society around us. There is a thriving children's work and a small but growing teens group.

As is our continued ongoing plan, we aim to purchase our own and first building and will continue to aim to raise a building fund in order to acheive this.

We believe that post Covid results will continue to provide us with opportunities to achieve this goal and we will continue to fundraise and evangelise accordingly to meet the needs of the society around us.

Each 4 hour hire currently costs us £150, plus over £6k per year on storage indicating we could afford mortgage repayments on the amount of rent we are expecting.

The Streetworx arm helping the homeless also rents storage facilities and so if these two aspects were combined into one multipurpose building, the community impact and synergy of both activities would fulfil the aims and purposes of this charity.

We would also like to run support groups which help people recover from drugs / alcohol etc as we are attracting people who are getting free of these addictive behaviours.

Structure, governance and management

As a company limited by guarantee, there is no share capital. Every member of the company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £1 for debts and liabilities contracted before he/she ceases to be a member. The relevant governing document is the Memorandum and Articles of Association.

The trustees have not delegated day to day running of the charity, this is maintained by themselves.

New trustees are appointed by the serving trustees. The training and induction provided for new trustees is provided by the serving trustees.

Reference and admirative details

Gospel Community Church Newcastle,( the charity, the charitable company) is a charitable company formed to achieve the objectives stated in the governing document and memorandum and articles of the charity. It is a company limited by guarantee (registered number 06926769 ) and is also a registered charity (registration number 1134332).

The trustees who acted during the year and up to the date of the report are shown on page 1.

The registered office of the charity and details of its principal advisers are given on page 1.

4

Gospel Community Church Newcastle Ltd Report of the trustees

Public benefit

The trustees are satisfied that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission.

When planning the charity's activities for the year, the trustees considered the Charity Commission’s guidance on public benefit. The trustees also considered how the charity had succeeded in delivering its aims, including public benefit, when reviewing the achievements for the year which are set out below.

Trustees' responsibilities in relation to the financial statements

The charity trustees (who are also the directors of Gospel Community Church Newcastle for the purposes of company law) are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements, the trustees are required to:

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

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approval

21-Dec-2023

This report was approved by the trustees on . . . . . . . . . . . and signed on its behalf by:

T Brown Director and Trustee

5

Gospel Community Church Newcastle Ltd Independent examiners' report to the trustees of Gospel Community Church Newcastle Ltd

I report on the accounts of the company for the year ended 31 March 2023, which are set out on pages 7 to 12.

Respective responsibilities of trustees and examiners

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. I am qualified to undertake the examination by being a qualified member of The Insitute of Chartered Accountants in England and Wales.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responisbility to:

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charities Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanantions from you as trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the next statement.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

▪ to keep accounting records in accordance with section 386 of the Companies Act 2006 and

▪ to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of of the Statement of Recommended Practice: Accounting and Reporting by Charities

have not been met or

Mai Mak FCA

Kinnair and Company Limited Chartered Accountants Aston House Redburn Road Newcastle upon Tyne NE5 1NB

21-Dec-2023

. . . . . . . . . . .

6

Gospel Community Church Newcastle Ltd

Statement of Financial Activities (incorporating an Income and Expenditure Account) for the year ended 31 March 2023

Notes
Income from:
Charitable activities
2
Investment income
3
Total
Expenditure on:
Charitable activities
4
Total
Net movement in funds
Funds brought forward
Funds carried forward		 Unrestricted
funds
2023
£
85,393
26
85,419
79,616
79,616
5,803
76,240
82,043		 Total
funds
2023
£
85,393
26
85,419
79,616
79,616
5,803
76,240
82,043		 Total
funds
2022
£
76,652
1
76,653
75,789
75,789
864
75,376
76,240

The charitable company has no recognised gains or losses other than those shown in the Statement of Financial Activities. None of the charitable company's activities were acquired or discontinued during the above two financial years.

7

Gospel Community Church Newcastle Ltd Balance Sheet as at 31 March 2023

Notes
Current assets
Cash at bank and in hand
Liabilities: amounts falling due
within one year
8
Net current assets
Funds
Unrestricted funds:
- General Fund
9
- Capital Reserve
9
Total charity funds
Net assets		 2023
£
83,063
(1,020)
82,043
82,043
30,108
51,935
82,043		 76,960
(720)		 2022
£
76,240
76,240
76,240
76,240

For the year ended 31 March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Trustee's responsibilities:

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard 102.

21-Dec-2023

These accounts were approved by the directors on . . . . . . . . . . . and signed on their behalf by:

T Brown Trustee

The notes on pages 8 to 11 form part of these financial statements

8

Gospel Community Church Newcastle Ltd Notes to the Accounts for the year ended 31 March 2023

1 Accounting policies

Accounting conventions

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practise applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102 and with the requirements of the Companies Act 2006 and the Charities Act 2011. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objects of the charity.

Designated funds are available for use at the discretion of the trustees in support of providing premises and associated costs.

Income

All incoming resources are included in the statement of financial activities where the charity is entitled to, and virtually certain to receive, the income and the amount can be quantified with reasonable accuracy.

Voluntary income is received by way of donations, tithes, offerings and gift aid and is included in full in the Statement of Financial Activities when received.

Expenditure

Expenditure is charged on an accruals basis, as a liability is incurred, inclusive of irrecoverable Value Added Tax.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both the direct and support costs relating to those activities.

Governance costs include those associated with meeting constitutional and statutory requirements of the charity and costs linked to the strategic management of the charity.

Taxation

The charitable company is exempt from income tax on its charitable activities but is not exempt from Value Added Tax. Irrecoverable VAT is included in the cost of those items to which it relates.

Financial Instruments

The company only has financial assets and liabilities of a kind that qualify as basic.

9

Gospel Community Church Newcastle Ltd Notes to the Accounts

for the year ended 31 March 2023

2 Income: Charitable activities

Donations and gifts
Gift Aid
3
Income: Investment income
Bank interest receivable
4
Expenditure: Charitable activities
Costs directly allocated to activities
Advertising
Events
Rent
Donations- Gospel Community Ministry
Donations
Staff costs
Streetworx
Support costs allocated to activities
Conference expenses
General office
Legal and professional costs
Repairs
Staff costs
Travel		 2023
Unrestricted
£
73,932
11,461
85,393
2023
Unrestricted
£
26
26
2023
Unrestricted
£
95
1,797
12,446
4,140
727
50,407
1,451
193
4,670
1,363
70
-
2,257
79,616		 2023
Total
£
73,932
11,461
85,393
2023
Total
£
26
26
2023
Total
£
95
1,797
12,446
4,140
727
50,407
1,451
193
4,670
1,363
70
-
2,257
79,616		 2022
Total
£
65,198
11,454
76,652
2022
£
1
1
2022
Total
£
295
1,374
13,957
3,909
965
24,081
1,714
117
4,342
733
90
24,081
130
75,788

10

Gospel Community Church Newcastle Ltd Notes to the Accounts for the year ended 31 March 2023

5 Expenditure: Governance costs

Included in expenditure: charitable activities are governance costs amounting to:

Legal and professional costs
Staff costs
Travel
General administrative costs
6
Staff costs
Salaries
Pension costs
Staff training and other costs		 2023
Unrestricted
£
1,363
15,862
100
502
17,827		 2023
Total
£
1,363
15,862
100
502
17,827
2023
£
48,830
1,264
313
50,407		 2022
Total
£
720
15,702
124
538
17,084
2022
£
47,746
832
-
48,578

No employee earned more than £60,000 during the year. One trustee Pastor T Brown received £14,131 (2022 - £15,875) remuneration for his services. Expenses totalling £3,051 reimbursement (2022- £104) were paid on behalf of J Foden, M Brown, D Brown and T Brown.

The average number of staff employed during the year was:

Administration
7
Net outgoing resources
This is stated after charging:
Independent examiners' remuneration
- as independent examiners		 2023
Number
3
3
2023
£
1,020		 2022
Number
3
3
2022
£
720

11

Gospel Community Church Newcastle Ltd Notes to the Accounts for the year ended 31 March 2023

8
Creditors: amounts falling due within one year
Accruals and deferred income
9
Statement of Funds- current year
At 1 Apr
2022
£
Unrestricted funds
General fund
24,305
Designated funds
Capital fund
51,935
Total unrestricted funds
76,240
Total funds
76,240		 Incoming
resources
£
85,419
-
85,419
85,419		 2023
£
1,020
Outgoing
resources
£
(79,616)
-
(79,616)
(79,616)		 2022
£
720
At 31 March
2023
£
30,108
51,935
82,043
82,043

The designated fund is a capital fund to be applied against future property expenditure.

Statement of Funds- prior year
At 1 Apr
Incoming
2021
resources
£
£
Restricted funds
Unrestricted funds
General fund
23,441
76,653
Designated funds
Capital fund
51,935
-
Total unrestricted funds
75,376
76,653
10 Related party transactions
Alison Brown - wife of pastor - charity activities and support
Joanne Foden - wife of trustee - charity activities and support		 Outgoing
resources
£
(75,789)
-
(75,789)
2023
£
14,341
5,824		 At 31 March
2022
£
24,305
51,935
76,240
2022
£
20,207
6,000

Donations of £2,973 (2022- £2,684) were received from the trustees during the year.

12

Gospel Community Church Newcastle Ltd Notes to the Accounts

for the year ended 31 March 2023

11 Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £500 (2022- £400) and preparation of financial statements of £620 (2022- £320).

11 Controlling party

The charity is under the control of the trustees, as a body.

13