Docusign Envelope ID.. 05CFE6644FE44BB8-9D7F-A7614C97C163 Kinnair & . l •. Com an CHARTERED ACCOUNTANTS house. Re¢tsJm R8. tiehtle LPX TyTht. NE5 INB Tet Olgl 7m F8 01QI 288 8£ GOSPEL COMMUNITY CHURCH NEWCASTLE LTD (a company limited by guarantee) Annual Report and Financial Statements 31 March 2024 Company registration number 06926769 Charity registration number 1134332
Docusign Envelope ID.. 05CFE6644FE44BB8-9D7F-A7614C97C163 Gospel Community Church Newcastle Ltd Annual Report and Financial Statements Contents Page Charity information Report of the trustees Independent examiners, report Statement of Financial Activities Balance sheet Notes to the accounts
Docusign Envelope ID.. 05CFE6644FE44BB8-9D7F-A7614C97C163 Gospel Community Church Newcastle Ltd Charity information Reference and administrative details Trustees & directors Timothy Brown Paul Davidson Foden 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 Redbum Road Newcastle upon Te NE51NB Bankers Barclays Bank plc Leicester LE87 2BB
Docusign Envelope ID.. 05CFE6644FE44BB8-9D7F-A7614C97C163 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 2024 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.. for the benefit of the public. to advan the Christian Faith (in accordan 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. to relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, 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. to advance education in such ways and in such parts of the United Kingdom and the World as the trustees from time to time may see fit. the trustees must use the income and may use the capital of the church in promoting the objects. Achievements and perfomiance Sunday se1$ have seen steady growth and seeing lives changed by being born again through faith in Jesus. People receiving healing prayer, finding community and friendship. We are partnering with other churches & Good News for Everyone to deliver a Luke's Gospel in colour magazine format called Explore. This is to every household in Newcastle Upon Tyne. Social action through our Streetworx Homeless street outreach teams have seen many members join and connect via Facebook. The teams go out every Saturday Night and Sunday morning when no other teams are out. We are indebted to our faithful volunteers at all levels who make the church happen at all localions. There are Life Groups formed in people's homes for friendship and Bible Study. The Blyth group opened at the Buffalo Centre Blyih 30th April 2023. Leafleting saw a core group gather. only for the centre to close for rewiring Sept 2023 - January 2024, forcing us to be in the Ridley Park Pavillion for most of the Winter. However the group has continued to grow steadily and so when we relocated back to the Buffalo Centre we were stronger and more resilient ready for the rest of the year! Our association with Peter Anderson and Go Global has been of benefit in terms of encouragement and training and the Pastors now also mentor a group of associated churches across Africa via Zm. Our funds have gradually increased over the year with a solid savings element for contingencies. and growing our building fund.
Docusign Envelope ID.. 05CFE6644FE44BB8-9D7F-A7614C97C163 Gospel Community Church Newcastle Ltd Report of the trustees Financial review During the period the Chariws total income was £95,821 (2023- £85.419) During the year the Charitys total expenditure £80.336 (2023- £79,616) The Charitys funds at 31 March 2024 were £97.528 (2023- £82.043) The charity's principal SoUrS of funds is tithes and offerings.. Giving by the congregation, Fund raising for streeOrX by grants. sales of donated goods (not trading). donations and ad hoc collections. 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 2 112 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 infonned trustees who can provide detailed and appropriate guidance to all other officers. and by the appointment of external independent examiners. 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 wtll continue to evangelise and reach out to include people, particularly using the Explore Magazine in Newcastle and Leafleting and gatherings in Blyth such as a planned 'Park Dal- 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 building funds in order to achieve this. We have looked at several prospective buildings but none suitable to date. 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 £110. plus Streetworx facilities over £6k per year on storage indicating we could afford morlgage repayments on the amount of renl we are expecting. (This excludes the Buffalo Centre, Blyth as this meeting will need its own building in due course as it grows). The streeOrX arm helping the homeless also rents storage facilities and so if these two aspects were combined into one multi purpose building. the community impact and SergY 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 l alcohol etc as we are attracting people who are getting free of these addictive behaviours. ex offenders etc.
Docusign Envelope ID.. 05CFE6644FE44BB8-9D7F-A7614C97C163 Gospel Community Church Newcastle Ltd Report of the trustees 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 helshe is a member, or within one year after helshe ceases to be a member. such amount as may be required, not exceeding £1 for debts and liabilities contracted before helshe 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 administrative 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. Public benefit The trustees are satisfied that they have complied with ihe 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 chariws activities for the year, the trustees considered the Charity Commission's guidance on public benefit. The truslees 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.
Docusign Envelope ID.. 05CFE6644FE44BB8-9D7F-A7614C97C163 Gospel Community Church Newcastle Ltd Report of the trustees 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 Irue 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= select suitable accounting policies and then apply them consistent-, observe the methods and principles in the Charities SORP" make judgements and estimates that are reasonable and prudent" state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going cOnM basis unless it is inappropriate to presume that the charity will continue in business. 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 sleps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the Maintenan and integrity of Ihe corporate and financial information included on the charitable companls website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Approval This report was approved by the trustees on . 1911212024 and signed on its behalf by= 42B076gIAF3048F... T Brown Director and Trustee
Docusign Envelope ID.. 05CFE6644FE44BB8-9D7F-A7614C97C163 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 2024, which are set out on pages 7 to 13. 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. l 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= examine the accounts under section 145 of the 2011 Act to follow the procedures laid down in the general Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act to state whether particular matters have come to my attention 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 truslees 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 examinerfs statement In connection with my examination. no matter has come to my attention: 1 } which gives me reasonable cause to believe that in any material respect the requirements: 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 Charilies have not been met or 2} to which, in my opinion, attention should be drawn in order io enable a proper understanding of the accounts to be reached. 3vJned ty.. tK115DP4D184 Innair anlcompany Limited Chartered Accountants Aston House Redburn Road Newcastle upon Tyne NE5 1NB 1910212024
Docusign Envelope ID.. 05CFE6644FE44BB8-9D7F-A7614C97C163 Gospel Community Church Newcastle Ltd Statement of Financial Activities (incorporating an Income and Expenditure Account) for the year ended 31 March 2024 Unrestricted funds 2024 Total funds 2024 Total funds 2023 Notes Income from: Charitable activities Investment income 95,668 153 95,668 153 85,393 26 Total 95.821 95.821 85,419 Expenditure on: Charitable activities 80.336 80.336 79,616 Total 80,336 80,336 79,616 Net movement in funds 15,485 15.485 5,803 Funds brought foNard 82,043 82.043 76,240 Funds carried forward 97,528 97.528 82,043 The charitable company has no recognised gains or losses other than those shown in the Statement of Financial Activities. None of the charitable companls aciivilies were acquired or discontinued during the above two financial years.
Docusign Envelope ID.. 05CFE6644FE44BB8-9D7F-A7614C97C163 Gospel Community Church Newcastle Ltd Balance Sheet as at 31 March 2024 Notes 2024 2023 Fixed assets Tangible assets 658 Current assets Cash at bank and in hand 98.723 83.064 Liabilities: amounts falling due within one year (1.853) (1,020) Net current assets 96,870 82,044 Net assets 97,528 82,044 Funds Unrestricted funds." General Fund - Capital Reserve Total charity funds 10 10 45,593 51.935 97.528 82,044 82,044 For the year ended 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Trustee's responsibilities- The members have not required the charty to obtain an audit of its accounts for the year in question in accordance with section 476- and The trustees acknowledge their responsibilities for complwng with the requirements of the Act with respect to accounting records and the preparation of accounts. 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. These accounts were approved by the directors on . 1911212024 and signed on their behalf by: 42B076gtAF3048F... T Brown Trustee The notes on pages 9 to 13 fom part of these financial statements
Docusign Envelope ID.. 05CFE6644FE44BB8-9D7F-A7614C97C163 Gospel Community Church Newcastle Ltd Notes to the Accounts for the year ended 31 March 2024 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 accordan 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. Tangible fixed assets Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impaimient losses. Depreciation is provided on all tangible fixed assets, other than freehold land. at rates calculated to write off the cost, less estimated residual value, of each assel evenly over its expected useful life. as follows.. offi equipment 25 % reducing balance Income All incoming resources are included in the statement of financial activities where the charity is entitled to. and virtually rtain to receive, the income and the amount can be quantified with reasonable accuracy. Voluntary income is reiVed 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 seN1$ for its beneficiaries. It includes both the direct and support costs relating to those activities. Governance costs include those associated wilh 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 cosl of those items to which il relales. Financial Instruments The company only has financial assets and liabilities of a kind that qualify as basic.
Docusign Envelope ID.. 05CFE6644FE44BB8-9D7F-A7614C97C163 Gospel Community Church Newcastle Ltd Notes to the Accounts for the year ended 31 March 2024 2 Income." Charitable activities 2024 Unrestricted 2024 Total 2023 Total Donations and gifts Gift Aid 86.129 9,539 95.668 86.129 9.539 95.668 73.932 11,461 85.393 3 Income: Investment income 2024 Unrestricted 2024 Total 2023 Bank interest receivable 153 153 26 153 153 26 4 Expenditure: Charitable activities 2024 Unrestricted 2024 Total 2023 Total Costs directly allocated to activities Advertising Events Rent Donations- Gospel Community Ministry Donations Staff costs Streetworx 1.739 1,013 12,194 4,745 219 53,233 2.474 1.739 1.013 12.194 4,745 219 53,233 2.474 95 1,797 12.446 4,140 727 50,407 1.451 Support costs allocated to activities Conference expenses General office Legal and professional costs Repairs Travel 198 3,356 1,135 14 16 198 3,356 1.135 14 16 193 4.670 1.363 70 2.257 80.336 80.336 79.616 10
Docusign Envelope ID.. 05CFE6644FE44BB8-9D7F-A7614C97C163 Gospel Community Church Newcastle Ltd Notes to the Accounts for the year ended 31 March 2024 5 Expenditure: Governance costs Included in expenditure: charitable activities are governance costs amounting to: 2024 Unrestricted 2024 Total 2023 Total Legal and professional costs Staff costs Travel General administrative costs 1,135 16,943 1.135 16.943 1.363 15,862 100 502 240 240 18.318 18.318 17.827 6 Staff costs 2024 2023 Salaries Pension costs Staff training and other costs 51,101 1.513 619 48,830 1,264 313 53,233 50.407 No employee earned more than £60.000 during the year. One trustee Pastor T Brown received £16,943 (2023 - £14,131) remuneration for his services. Expenses totalling £615 reimbursement (2023- £3,051) were paid on behalf of M Brown, A Brown and T Brown. The average number of staff employed during the year was: 2024 Number 2023 Number Administration 7 Net outgoing resources 2024 2023 This is stated after charging.. Independent examiners. remuneration as independent examiners 1.122 1.020
Docusign Envelope ID.. 05CFE6644FE44BB8-9D7F-A7614C97C163 Gospel Community Church Newcastle Ltd Notes to the Accounts for the year ended 31 March 2024 8 Tangible fixed assets Office equipment Cost At 1 April 2023 Additions 878 At 31 March 2024 878 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 220 220 Net book value At 31 March 2024 658 At 31 March 2023 9 Creditors: amounts falling due within one year 2024 2023 Other taxes and social security costs Pension creditors Accruals and deferred income 437 294 1.122 1.853 1.020 1.020 10 Statement of Funds- current year At1Apr 2023 Incoming resources Outgoing resources At 31 March 2024 Unrestricted funds General fund 30.108 95,821 (80.336) 45.593 Designated funds Capitsl fund 51,935 51,935 Total unrestricted funds 82,043 95,821 (80.336) 97,528 Total funds 82,043 95,821 (80.336 97,528 The designated fund is a capital fund to be applied against future property expenditure. 12
Docusign Envelope ID.. 05CFE6644FE44BB8-9D7F-A7614C97C163 Gospel Community Church Newcastle Ltd Notes to the Accounts for the year ended 31 March 2024 Statement of Funds- prior year At1Apr 2022 Incoming resources Outgoing resources At 31 March 2023 Restricted funds Unrestricted funds General fund 24,305 85,419 (79.616) 30.108 Designated funds Capital fund 51,935 51.935 Total unrestricted funds 76.240 85,419 {79,616) 82,043 11 Related party transactions 2024 2023 Alison Brown - wife of pastor- charity activities and support 17.058 14.341 Michael Brown - son of pastor - charity activities and support 8,669 Christine Ntanda - wife of trustee - charity activities and support Joanne Foden - wfe of trustee- charity activities and support 400 8.158 5.824 Donations of £7,131 (2023- £2.973) were received from the trustees during the year. 13