Charfty wIstratit￿ numb•r 1134688 Company r•glstratk*n number 06973220 (England and Wales) WACC COMPANY LIMITED BY GUARANTEE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 WACC LEGALAND ADMINISTrATIVE INFORMATION MrA C Hanco(* Mr R Sell MrRHart Mr I ￿ake Mr G IAt*)d Mrs F Holmes Charlty number 1134888 Company numbor 06973220 Re9ht8rnd offlc• 48 East Green, l1v88t￿￿1and '8hopAUc￿and Crwnty Durham DL14 9HJ Indownd•nt •x•mln•r Mrs Jillian Hindmarth FCA J1￿ Sykes Ltmlled S Hen80n Close South Church Enterprise Park &'sPwAuckJand Co Durham DL14 61OIA WACC CONTENTS Page Tru$tee8' report Independent examinerfs re￿t ststement of financkryl acllvities Statwnenl of finarwl ph)stlon Notes to the finan¢41 slatemats WACC TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEAIBER 2023 TrÉ trustees, ¥*tto aro 8Lw tha directors lor thè purposes of c￿1panY1￿*. rye8enl their annual report aTrJ flnanaal statements for the year ended 31 December 2023. The finar￿141 $latements have bean prepared in accordancè with the at¢ounting w)liues set ¢yJt in the r￿eS to Ihg finanual 51atemenls and compty wth the Ccynpanies Act 20￿ and -AccountirvJ and Reporting by Charrtie8'. Slalement of Recommended Practts *p￿1¢able to charitr"8s prepariThJ their accounts Sn 8ceordan¢¢ wlh the Financial Rewting StsThdard 8ppIKable in the UK and Republic of IrelaThJ IFRS 1021" leffectlve 1 January 20191. Obl•¢t1V￿ and •ctl¥ltl•8 The objects of the charty are, for the benefft ofthe publi 1. to advarK8 the Christian faith lin 8ccord8rv ￿1th ts Ststement of 8elief¥l in Such ways and In Buth parts of the Unli8d Kbngdom or thg ￿d. as the tru8teo8 from Ume to time may thlnk fft,. 2. to relieve $Kkn¢ss and finarKial hardshlp arKI lo promote and pre5eM good heomh by the provision of fvnd8. go&d8 or seThices of gny kiTrJ, includirrfJ through the pro¥isicffl of counsdllfwJ and 6UPW)rt in 6uch p4rt8 of the Unllod Kingdcffi or the worfd a8 ts truste88 from time to time may think fft., and 3. to advanc8 8ducatlon In SLKh ways and in s￿h part8 of the Ur418d Klngth)m or the thy)rfd as the tn181888 from tlme to lime may think fit. The trustees have pald due ragord to gLKtsnce isu*d by the Charity Commi58ion in deciding w*￿1 aclivities thg harrty should undartake. Achhv•m•nl• •nd p•rformanc• Introductlon Much of what follows is, rightly, ftK￿3Od on tpthat do, ministry and support 8CtMOe8. eath of Nthlch com88 aboLrt because of vtho are. V*P are is ihe leas￿ lor *ttat we th) and who we are is 0 group of people % have taken up the invrtstiorb to be fo1lcN￿r9 of Jesus. AS Such we are strengthen8d And $u$laintrd through our lives together in worshlp, prayer and féll¢)wship 4¥thi¢h In turn are expre8wJ in missi¢)n and service In Ilne wrth J8SUg words, life and eXaffl￿. Revlew of th• y•ar & ch￿￿h OV•T¥lew A8 w• moved into 2023. Co¥ld w88 finalty belwnd ￿ {ttwh It lums wt not quite) we hw4e beon very much in the of discovarfng and aswsing V** were as a churth famity arbd how w8 had 'w8athgred' that particular stom. 11 was dear that our overall 'M￿berShip,, by vthith ￿ mean Feople Ytho are reguL9r pa￿.ctpants In the worship lrfe of the church, had not faI￿n away to any signffi¢3rrt extgnt. Howev9r, a$ the year W&a￿Ssed we have obseNed a tsr greater variation in atter•Jarte week by week. Som8 we8ks Ihal variation is as much as 25 10 30 pèoplo. have had r￿ I￿n u8 durbng I￿ ￿ ¥KI lovel of glving ha8 r•)1 decrea8ed our tXl8ts In many areas have certalnty Increased. This has noticaabkn ￿ tangibkn in a number of area8 but non8 a8 8lgnlflcanl as the Incrgases in mortgage interest rates. WACC TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Ba¥s•nfo11 Our annual thurch famity w88kend to Bassenfg11 I￿1k pl*e wi May and was well attended by adults and yourvJ people. Famlly Fun Day As we had not bgen able lo raise sufficlent ¥olunte8r8 to stsrt up the Holklay Club again, w8 d9cided to put all our energy into C￿ day and hostad a free Family Fun Day on the churcth premises on the first Saturday in August had booklngs from 50 children vtho came wth atleast one parent. aThJ a waitsw I￿t, athough only 43 lumed up on the day. 17 volunteers were on hand lo prowts entertainment in the fomi of balknn mc*Jelling. glass P81ntlng. $ton8 painting, making tYacelet8, clay modelling. a quri. t￿ ol war, giant Jenga an¢J Conned 4, fc4)tball Irlcks, giant bubble making, free 88Q, tanty fl056 and refreshments. and we a180 had a bouncy c45tle. an cream van and a magician. The weather was kind to U8 and most familles stayed the day and we gave each child a goody bag to take home. ￿ were ab￿ to obtain a grant ot £500 frcrfn Believe Hwsing and receiv&J 8 £200 donthon from the Parish Couneil. 11 was 8n exhausling but very enjoyable day 8nd many parents sahl hcrw much they apprKlaled being able lo bring Ih•4r chijdron to Ike thrd ofKI am for free. R8achlng b•yond our wal Th6 bulk of our C￿treaCh and 8upport athbes are focu8ed on local p8opl& and tr￿1( Commun￿￿8 and oulllned below. H¢)wever, our re¢Nded mossages. *hich ar• uploaded a8 pcthasts, hw8 Lw) listened to over 4300 tsme8 this year which is a 16% increase over 2022. V4h1￿ th6 mapnty of listaners are from the UK and USA ihere are 12 ¢ounlri88 in total wth regular lis￿r8. conlinue our regular financial and prayer $upwt of a numter of natthal and inlemational orggnisab'ons ¥thich Include M1881on Avth'on Fellmhip. Rele88e Intemational. ￿￿rtd Wslon ar)d TEAR Fur*J as well 88 occawonal support Qr off donatv)n8 to many olher ￿ganISat¥)n3 a8 n88d arises. Although most of ojr minlsty arKI wpport acb'viti'es look pLqce Iho wall of Tro Vlrward Centr• (where ¢hurch meets) a numbér dKI tske pl•rn there througlvjul the year. The8e Includ¢'. Monday G•m•• Aft•moon Iw•ektyl This continues lo be a popular lime for peop￿ to meeL drink tea or coffee. chat and pkqy gamg5- table tennis, pool or board gam68. Pargnl T¢)ddhrn Iwwkly) The beglnning of 2023 found the g￿￿p dimini8W 7Alth only 6 regular alteThJee5. We Incre￿1 Communicat￿ and made small changes to Ihe activities available and numbers started to irKrease. We currenlty have ovei 20 namas on the ffj9i8ler re8ultry in 13 to 15 thil¢*en attorKliryJ **0 The main Christian events were célebrated V*ilh Fairtr•Jè Eggs 8Tra Ea8ler story given al Easter. Adrian camo In to glve out the Falrtrade Advent calendars containing the Chtlslma8 St¢yy. All the chihjren were given bible based story books as presents gt the Chn8tmas paty. are currenlly running on donatio￿ rather than a fixerj thargg and a¥ 011 the attfjndees are vory generou8 we have been ats￿ lo run Self-sU￿18n1ly. We re¢enUy introduced MhaY$ in the Bag, where Ihe chikjren select a figure or item from a bag then we srng a rhyme that matches e.g. Humpty Dumpty, Inw Vfincy s￿der. ek. Thls has bgen very well received and we V￿uld like lo introduce some Christian ￿nIent bul we we Ilrtsjing it drfficutt lo fffid apprcpriale items tr) put In the b￿. Any 8uggestlons would be gratsfully rgcoivgJ. A huge thank you lo our Volunteers for the siwrA)rt thty gNe weel and for those people vtho *ep into the I￿h Covef is required. Frlday Club {A*ekty This club for young Feople stsrted at the end of ju￿ and currentjy aitrth arourM1 15 people vR8kly tr game& tsble tannis and profe881￿￿1 coaching. pool. taljle football thsul aciiwties finlshlng wilh an inttrestirKJ, oftan left field. trible story. WACC TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 Tho Wdl The Well. %thich iy tha namo of ￿r community based café. is also a mlntsty arKI ¢Mlinues to spearhead our wo of supporting locol peopk and t￿ communty. We have supported many Ic¢al cKgani881ions Ind￿11ng AYCC (Auckland YcArth and CommuNty Centrel wth a gift of £340. weie also able lo help ￿￿c#Yh¢YJse Close Churth. vtho run many food p@eds. with a contribution of £500 toward8 the co$t of a commgrcid ¢C￿kOr. Over £500 wa8 r8l$ad for Macmillan throwJh wr Salurd8y coffee momirKJ and wo were able to donate to 3 loe41 schools enablirKJ them to help families stru￿ling over Christma•. are giatefiJl lo all our individual donor8 aTrJ organisatiorffj ￿ have Support￿ th8 work finances. ft)od. exFert18e 8ftd advice. The foodbank operated throughwl the year proyidirrfJ 872 food parcels for indithduals. couples and fami118$. We were al80 able lo give nvjre Ihon 60 Christma8 hampers 88 grfts to the pe(4)18 and familie8 we have supported during the year. Our communlty grocery continue8 lo be used regularty and a numbor of axl6m81 k)cal Support organhations continu¢ to U8e our communlty ro￿￿ tr d￿nt mMtings. Each ￿dnesdaY vo host Community Mon8y Advu County Dwham thr¢wh Durham Chrfsuan Pather8hlp 8UPPOrt people who are experienang financi￿ diffi￿11￿$. Durham Con81abulary run a fortnlghlty drop In w¥i¢8 where membarn of the can ¢ome to talk lo them In a comfortable environment. We ￿nliNe lo provldè 8¢¢48s to Msential hou8•hokl It8m8 w¥J good8 through Acts 435 la Chrfstlan crobb funded reaource platfcrfm). Our coun8oll¢y retir8d thi8 yoar after many years our ¢(xnrnunity. tmrt ￿ are 8tHI able to offer li8tening and b•ffi&ndlng s•ryice8 throtsah ￿ V4bM. We are grateful for all of volunteers who enablè The Well to offer so much supwrt to 80 many people. They go above and beyond lo ensure that evorycTh como8 have th¢ best experience they c8n, wh8ther buyiryd a coffee, uslng our food bank or aCCes￿r*￿ our ￿MmUnty grocer8. A number of our volunteers have been 'tralne88' from Aydiffe S¢hool for %fv*K)m The Vkll wo$ K￿n8￿re that COLdd holp davebp their skllls arKI confiderKe bn a th environment. We continue to build a 8ense of communty, where anyone can ccffie and be treated with dlgnlty. A number of our regulars 8fe ￿lIdIng frlendshlps and have ¢7ealed Iheir support nets¥orks. AS has aNvay8 been the caB8 we believe Je8U8 and our desre to fc4low His exampl8 arKI demonstrate His love 1$ central to eve￿hIng that we do. Th• Well lft Ihe Cornmunlty ￿T¢) Thi$ 'new eXten￿On' lo the oulreKh of The Well set up eaty in 2022 vth all the required P(Alclg8 and Procedures completed by February 2022.The idea behiTrJ trTris inrtiattve wa¥ lo provide support for who thd not of could not thsically got lo The ￿￿1. In order to id8nb.fy such need we serrt out infom)8tion to various piole3sional$ vkno we knew frcrfn wr 8 years of wcrting in Thg as *Èll as to th)d8. GP 8urgerie8, V8riOU# Communty hubs and organls8llons and the Fxebocth group ￿at'S on in West Auckland,. The help8 w8 offer includg.. maklng cals. fil￿ng ID benefft foms. funding for needs in crisis situaliDns from Aets435, referraly to Food bank, CAP {Christians Against Poverty) buthjeting advice, Shopping for Ihe 111 or housebound. bofr*nding the lonely and isolated. simF48 DIY lasks and m(r*ing Ws etc. ReferTa15 began to athve and V•* very had appintrn&ts ta￿n9 up 3 full days a week wth a various Crisis siluotions taknng up other days. During the yaar we have madg 254 wsrts for 34 ￿￿5, 12 of ￿0M we are befriending on a ￿gUlar basis. Christmas hamFers the ftM)dbank ware very gratefvlly received by 12 of the clients. There have also been many texts, emails and phone calls invofved in arf8nging the various helps provided. During tho course of the yèar 5 other people icined ts team to as81$1 ￿th a small numter of sp￿1￿¢ sttuations for ich wo aro very grateful. ar8 still looklng lor mc*e. pwbcularly befrienders, a5 the need Is great. WACC TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUEDI FOR THE YEAR ENDED 31 DECEAIBER 2023 Woardalo Vlneyard Communlty Church This felbw5hip was planted Auckt*KI Into Stsnhope a nLmber of yearn ago 8nd 18 now $8ff- sufficient in terms of finance and leadership. One of the I(￿al leaders has completed Vineyard UK tralnlng and the Weardale ￿reyard 18 now an indeFendent IAneyard church and tharity wlth thelr tyin leadership an(J tru$tee8. And finalfy..... Our senior Jeadars will ba steppirvJ dovm from Igadership 8c4netime in 2025 (final dgts to be confimedl and aftèr a thorough discernment aThJ reetuitmanl process a nthv ￿der has been apwnted and will tske up Ihe role In 2025. This 18 a very maj¢y slep for us arby an opportunity that wll, we believe. brirvJ new vision, vrtalty. 8nd gf¢XVth. Flnancl•l r•¥lew The financlal Statements on p898s 7 to 22 thg perfmarKe and c4Jrrent pOwti￿ of the COMp￿Y which I trustees cOn￿der to be sa1131actory. The company has a fomial reserves Folicy whereby the trustee8 would ideally like to hold tree reserves to Cover three months core cost¥ experyjrtuffj which 18 currently estimated al approKim8tely £10,000. The company currently has wative fr00 reserves of £52,401. however, if bong temi Ilabilllie8 ar¢ exduded this figure increase lo powtsv8 frae reserves of £91.588, which would be In excess of the level set In the ie8erves policy. The trustees belwe the 8h¢xtfall in unrostrlctèd free reserves wlll be made up in Ihg forthcomlrKJ yows. Stru¢tur•J gov•m•nc• •nd m•nag•m•nt WACC fs 8 tharitat4e wnpany Ilmiled by guarantee. In¢orwated on 27th July 2C#Jg. The company was e8tsbli8hed under a Memorandum of Asso¢i8bon whkh 88tstdi8hed the oblo¢ts and powws of the company and governed under itsArtKles of As60ciaticfi. Th• tru8te08, vtho are 9180 dlrectcn for the puryw of ccrfnpany law. and Mrved durlTrJ theyear and up to the ¢Jate of slgnalurn Of1￿ fina￿81 stst¢ments ￿rn.. Mr A C Hanco¢k Mr R Sdlick Mr R Hartley Mr l Blake Mr G Wood Mrs F Holmes Mrs J Rudd Mr M Moore (Reswned 22 January 2023 IResignad 3 January 2023) Tru8t•e r•crultm•nt and appolntm•nt I trustee app)inlments will be by joint deaslon by the cwrent tr￿189& al theAGM. Inductlon and tralnlng of n•w trugtees The charity trusl88s are currently Ihe ts¥o senior o1th8 church four olher church m8mber$. The tru8tee8 are famitiar with the Charity Commlsgon suppc¥l material for trustees aThY they do noi considw that furthor tralnlng VAII be requi￿ to be undertaken in the frx1herrirq year. Rlsk manag•mont The tw$lees have a duty to wjenlify and review the risks to which thp c*arity is exposed ￿ to ￿SUre approprfate controls are in place lo provide reasonable assurance again$t fra￿1 and error. The nyks have been re¥i8wed by tho IfU8tee6 and Syst￿$ esta￿ls1*d to mthgate Ihose nsks. Small company pmvlslon• This rep)rt has been prep¥ed in acxordance wilh ￿ py0v1810￿ q)pl￿ble to Compan￿ entitled lo tha small companies exemption. WACC TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The tr￿tee8, r8Wrt wa8 approved by the Bcord of Trustees. Mr G Truatoe 1 March 2024 WACC INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WACC I report lo the trust888 on my examinalion of lh8 ffinwKial statements of V44CC (the ch¥tyl for the yagr erKfed 31 D8￿mber 2023. Rg¥ponslbllltlo¥ and ba•1• ol r•port As thè trustees of the charity land also its threcaorn fcf ts wrp)ses of compary law) you are rosponsible for the pre￿ratIc￿ of the fm9￿141 statemerts in accordwK8 Wth requiT￿)ents of Ihe Companies Act 20C6 (the 20C6 Having satis)18d myself that lh8 fIna￿[al 8tstements of the charity are rts)t required lo be aUdIt￿ under Part 16 of Ihe 2006 Act and are digible for indepefth examinatlon. I rep(fft in re8F¢th of my examlnation of thè charty's financial 8tstements carried out under seth.on 145 of the Charities Act 2011 (the 2011 Acii. In carylng out my examination I have f￿10**d all applieable Directions gNen by the Charty Commls6Ion urKIw 88cts.on 14515I{b) of tha 2011 Act. Indep•nd•nt •xamlno¢• •lat•m•nt I havg completed my ex8m1nat￿n. I confim that no mattws have cc¥n• to ry att•ntron in o)nl￿tI￿ wth t 8xamination givirvJ me causé to belleve that In any Mat￿81 rè4)ect'. accc￿ntIng rooyds wera not kept in res￿ of Ihe charity as requlr&l by Boction 386 of 2006 Act., or the financial stal8m8nts do rnt accord those records., or the financial slalement$ do not compty wth th8 acwnllng requiiements of section 396 of th8 20C6 Act 0￿r than any r8quirement tr￿t the accounts give a and fair Wi￿ whl¢h 18 fK&l a matter considerèd as part of an independent examinab"on; or the flnanual statements h•v• r¥Jt been prepared in ￿t￿dance methods and principle8 of the Stslement of Recommended Praclice for a￿Unti￿a and rekY)rting by charitie8 4ppli¢at4e lo charities preparing thelr account8 in accordance with thfr Financial Reporlng StsndaTd appllcat40 In the UK arvj Republic of IrelaNI IFRS 102). I have no concoms and have come across no olher matters In cOnr￿tIon wilh the examination to which attent￿n should be drawn in this report in ordef lo enab￿ a proper und¢r*anding of th8 financial statements to ￿ reached. Mrs Jllltsn Hlndmarsh FCA lThJepend•nl Examln Alhn syk￿ Llmlt•d 5 Henson Close SoLrth Church Ent8rpri8a Pa B1shopAu￿and Co Durham DL14 6WA ..J.4....mkn% 2024 WACC STATEIJIENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Total Unr68trtcW Reslrlcted fund• funds 2022 2022 Totsl funds 2023 funds 2023 2023 2022 t)onatlons and legsdeB other trading acts'wt+es Investments 93.408 33.339 19.653 113.(61 33,339 109.848 21.932 1,131 21.377 131,225 21,932 1.131 Total In¢¢)fflo 127.652 19,653 147.305 132.911 21.377 154,288 Raising lurKI8 15,459 15.459 12.535 454 12,989 Charftable 135.799 143.483 121,688 8,432 130,118 14 13,500 13,500 Totsl •xp•ndttur• 151.258 7.684 158.942 134.221 22,386 156,607 Net {outgolngylncomlng ￿￿Ul¢•8 beforn tr•n•f•rn (23,eC131 11.969 111.8371 (1,3101 11,0091 {2.3191 Gross tran8fer8 beiween fund$ 16 89 1891 2.026 {2,0281 Not {•xp•nd1￿roy{nc0m0 for th• y•arf N•t movgmont In fund¥ 123.517) 11.880 111,63n 716 <3.035) 12,3191 Fund balances at 1 J￿Uary 2023 511.819 89,657 801,478 511,103 92,692 603,795 Fund bolanc•s at 31 Decemb•r 2023 488,302 101.537 589.839 511,819 89,6S7 801,478 The statement of financid acbvities Ir￿￿18$ all gain8 and losse8 rewgnised In tho year. Ind￿ in the above ￿ income totalliry £11.581 a￿1 e4)￿¥JrtUre totalliro £21,438 from di8conb.nued 4￿1VitI.e$. The Statement of finandal acbvibes 8150 c(wnplies with Ihe requirgmerts for an income and exFenth'lur8 account WKleT the Compan￿A￿ 21)06. WACC STATEMENT OF FINANCIAL POSITION ASAT31 DECEMBER 2023 2023 2022 Flx•d a88ats Tangible a$$eis 16 601,861 611,675 Current a••ts s￿ks Debtors C88h at bank arKI in h 17 18 1.511 253 137.615 1,044 362 141,940 139.379 Credltorn: amounts l•lllng du• wlthlTr one yoir 143.346 17.412) (8.579> Net current a880ts 131,987 136,767 Totsl ¢urr•nt Ilabllltl•• 733.828 748,442 Crndltorn: amounts f•lllng du• aft•r mor• than one y••r 21 {143,9891 {146,9861 N•t a•••ts 589.839 601,476 Income lund8 Restricted funds Unresldcted funds 22 101,537 488,302 89,657 511,819 589,839 801,476 The company Is enlilled lo the ex¢mption from the ￿dit Nuirem￿t contwned in seckn 477 of tho Comp8nl88 Act 21x6, forth8 year 31 Decwnber 2023. The dlreclors 8cknovAedge tsir TesF*M￿bllil￿ for Crxnp￿n9 Wfth the requi[w￿l￿ of th• Comparles Act 2006 with respe￿ lo accounting reec￿$ and the preparatmin of fina￿￿81 statemerrts. The membws have not raqulred ts c¢)mpany to c4)knn an a￿lit of it8 fm#￿181 statomonts for the year kn que8tion in accordance Mth seclion 476. These financial statem8nt8 have be￿ wepared in a¢￿dance the provision8 appllcable lo compani88 subj#t to the small companies regime. The financk41 statement$ approved by Ihe Trustees 1 March 2024 MrGWo Trustoa Company f•glslraUon number 06973220 WACC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pdkles Charlty Inforniatjon CC is a private cvmpary limited incorporated In England and Wales. The regbstered office is The ￿*11, 46 East Green. ￿￿tAuCkl8nd, &"shop Aud(land. County Durham, DL14 9HJ. 1.1 Accountlng eonv•ntlon The finawal statements have ljeen prepwed in xcordaKe wth thg Comp8nl88 Act 2006. FRS 102 Flnawal Reporting Standard applKabl2 in thg UK and Rewtlic of Ireland. fFRS 1027 aTrJ the Ch8rf118s SORP 'Accounllng and Rewb'ng by Charities.. StaleTh*nl of Recomm8nd8d Practicè applicable to charlll88 pTrpanng their aecounts in accordance V4ith the Financial Reportiry Standard ap￿1¢able in th8 UK and Republic of Ireland (FRS 1021" {affecYve 1 January 20191. Thè chgrity is a PublK Benefrt Entity 88 defined by FRS 102. The charlty h8B tsken advantag8 ol tho pTovi8lMs In the SORP for charliles Mt to prepare a Stat￿ent of Cash Flcrtm. flnar￿al 8tsterrnnts are wepar*d in JterlirKJ, T*hk* 1$ tt* furKOon•l currery of the ch8rfty. Monetary amounts In th¢8e $18tements are roundod to the ne•r￿ £. The finanei81818lwnents hav• b8en pwred undw hi8tixk4 ctht ¢LyNention. Tha pNn¢ip•l accounting polic188 adoptsd are Set ¢Mrt below. 1.2 13olng conc•rn At the Ilm¢ of apwo¥ing the ffinanclal 81atement$, the truslee8 havo a rea80nab￿ expectation Ihat the charty ha8 8d8quate resources lo ¢Mtinue in operation818￿St8nce for tre for8sagal￿8 futur8. Thu• the Inth&s continue lo adcpt the going e<>n¢em bfj￿￿ of aceounllrg in prepanng thg financkg18talomentS, 1.3 Charftabl• fund• Unrgslricted fu￿3 Of0 available at the tknN)n of the trustees in furtheronca of th8if charitable obJ•¢li¥es. RestrlGted fuTrls a￿ subject to SP￿ coThJitws by donors 0$ to they may bg u8&1. The purw¥•s and U6e8 of the re8trfcted funds are 8et In thtr notes to tho financial statements. Endowment fiJrxl$ are 8utyect to 8peth condthn by donor8 th•t the Ca￿ts1 must be maintsin&J by th• ahorty. 1.4 Income Income is recognlsed vthen the charrty is le￿ty 8nlUed lo it after 8ny perf￿manCe coTrJitions have been mot, the amounts can be measured relkgbly, arKI rt is probable that income wll bts received. C88h donallons 8ffj recogN8egJ C￿ receipt. Other donations a￿ r¢rngnlsed onc8 ts charfty h88 been nolffied of the donalicq), unles5 pwfoMian￿ condrficffl8 r4uire defeffd of the am￿￿1. Income lax recoverable in relation to donations rgcerved under GiftAid or doeds of nvers1￿ crthtr costs Incuff&J in ￿JIng the stock lo tts prgsent lttation and condibon. Net reallsable value is thB 96￿mated Selllng wlce le85 all estinated o)Bts of ¢ompletlon 8rKI cos18 to incurred In marketin9, selling aThl dIStr￿￿E1L￿. 1.9 Cash and ca8h equlval•nts Cash and cash ¢quNalents IrKI￿ in harmy. held at call wrth banks, other short-teryn liquid investments Trmth ￿lgInal malurrbos of threo months or less, and b￿k overthafts. B8rt overdrafts are shovffl within borrowings in ￿Tren1 Ilabilities. 1.10 Flnancl•l Instruments charity has elected to provislcrn of *tion 11 'Ba8ic Fironcial In8iruments' and S￿tIOn 12 'other Flnanual Instruments Issues. of FRS 102 to all of its finanual instruments. Finanoal instruments are recognised in the charivs balarKe sheet when the dprity b￿0M&S paty to thg contractual wovisions of the InStr￿nent. 10- WACC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountfng polich8 {Contlnu•d B•sk flMn¢iJl ass•ts Basic financial assets, tAthith Includè debloTS and cash and bank balances, are Initialty measured lransath.on price indudiThJ transactton costs arKI are subsequerrtly carnied at amortised cost using the 8ffeGb've interest method unless th8 arrangement constitutes a financing transaction, where the transaction rs measurèd ai the present value of the future r8cgipts discounted al a market rate of interest. Financial a35ets classlfied a8 recwiable within one yèar are rw)t amorlistA. B•sk ffnancial Ihbllltles Basle financial liat4litss, I￿lUdIng creditors and bank loans are initkqlly Ter￿gniSed 8t trarnaction pdca unloss the arran9gmenl constitutes a fina￿1r￿j transac￿n, w*)ere the debt instrumont Is measured al Ihe present value of the fijlure payments discounted at a market r8t6 of inlerest. Finan￿al li8ts'lrtie8 dassffigd as payable thin on¢ year are amorti¥ed. Trade crodllors are oblig8lons to pay lor go¢4Js or 8er¥ic8s that have been wuired in the ordinary cour88 01 owrallon8 from suppliers. Amounts payabla are ClaSsrf￿ a¥ curr8nt liabilib'es rf p8ym8nt 1$ due withln on& year ￿ le88. If not, they are presenied as non-vjrrent liabilrties. T￿e cfedrtm ore recognised initially at transaction pn¢e arvj sub8equonty measured at ￿Oril￿d cost u¥ng Ihe effecllve Interest method. 1.11 Employ00 b•n•fft• Termlnation benefits are reeognised immediatety os an expense ¥￿t￿ the ch8rfty18 demon8traLly (￿m￿ted lo terminate the employment of an empbye6 or lo prowde l¢miinabcffl bef￿18. 1,12 R•tlrnment b•n•llt8 Payment$ to defined contri1￿b(￿ t*nefit SCh￿ne$ are dwrgad as an exp8nse a¥ they lall due. Crftk•l *ccounUng 08tlmat•• and Judg•monts In the 8ppllcatlon of the chaty's a¢¢¢Junting pdicaes, the truste￿ are wulred to make I￿￿gements, e8tim8t•8 and assumptions al￿Ut Ihe caffyiro amtyjnt of assets and l￿bIlitieS that are ￿t readlty apparent from other $ourc8s. The estimates as80rialed a88umption8 are based on histwic81 tsxp•rignce and other faCt￿S that ara effi8ldered to bo relevant. Aduol rewlts may dffl6r frcth the88 e*wnate8. The 8$1imate8 and undedyiryj assumptions are revi?￿d on an oryoing ba818. Revisions lo a¢¢oundn9 estlmalés are recL)3nis¢d in the wl¢>J in which the eytlmate revi¥ed th the revision affects ￿lY that period, or in the penod ol Ihe rewslon and fiJture perfods wtlere the re￿8￿0￿ affeds both Cul￿nI and future perfc4I5. Llmtt•d by guarnrrt•• The d￿rity is a ccrfnpany limrted by guarantee, thèr& bwr#J no is8￿1 share capital, and as suth is not und8r the direct control of any individu81 bul by the board of diret#crfs as a whole. At 31 December 2023 there were 6 members. e￿h of vrt￿m hats unthrtaken to contrilxJt• an amcmjnt rA)t exceeding £5 In the event ol a I￿ndIr 11 WACC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Donations and legacl Unv••trlct•d Rostrlcled fund8 funds Total Unrestricted Restrfcted furKI$ funds Tol 20TJ 2023 2023 2022 2022 2022 Donations aTrJ gffts Grants ReceNablo 93,408 17.653 111.(￿1 2,000 107,181 2,867 17,387 3.990 124.568 6.657 93,408 19.853 113,￿1 109.848 21.377 131,225 Grants rn¢•lvabl• for ¢ore actl¥ltl•s CovkJ-19 Supkx)rt Funding Amold Cl8rt Believe Hou￿n9 Durham Communty Action 2.687 2,667 2,500 1,000 2.500 1,000 1,000 1.000 1.000 490 490 2.000 2.667 3,990 8,657 Other trndln9 actlvrti Unr••trlct•d Unrestricted fund• fund8 2023 2022 Shop income Trading activity Ir*xrn'. ott 32,276 l,L￿3 21,075 857 Other tradlng athvlti88 33,339 21,932 -12- WACC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Invoslm•nts Unr•strict•d Unrestricted funds lund8 2023 2022 Rental Income 8ank interest rxeivable 700 205 1.120 11 1,131 Ral8lng fund• Unr••trfct•d Unwtrlcted Restrfctod nd¥ fund8 Total 2023 2022 2022 2022 Owraling charity $hop8 Other trading activitiés 13,480 55 9,862 77 9.862 77 TrsdiThJ ¢08ts 13.535 9,939 9,939 1.924 2,596 454 3,050 15,459 12.535 454 12,989 13- WACC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Charitable activltles Church ActivIt￿* 2023 The Wall Vlneyard W•ardalg Centr• Vln•ya 2023 2023 Total 2023 Total 2022 2023 Staff co8t8 Spiritual Development tk*nalions & sEths￿ShIP Outrea Other oJsl8 Donati¢Jns lo olher chwilles 31,398 2.905 9.367 10,427 125 250 5,852 41,825 3.945 11,265 5,852 2,617 48,271 915 12.687 7.291 875 2.817 17,436 17.438 46.287 16,654 19,999 82,940 73,433 Grant funding of activlb.es (see note 91 6,250 Share of 5UPFOrt ¢08ts1gee note 101 Share of govemgnGe co8ts 186e note 101 16.882 20.981 5.8TI 1,439 44,979 39,503 4.C¢O 4.￿0 3,383 15,564 10,932 87.030 41.695 9,937 24,821 143,483 130,118 An4￿￿ by fund Unrestrfctad fund8 R6slrlcted lunds 64,525 2.505 37,085 4.630 24,821 135.799 121,886 8.432 549 87.030 41.695 9,937 24,821 143,483 130,118 During the year Weardale Vornyard actlvty was trangforred into a separate thanty. The total un8pent cash generated by ttw8 a¢tivity lotalling £17,436 wa6 8e ar*M￿l remuneration was rn￿e than £60.000. 14 Oth•r Totsl Restrictsd fl￿8 2023 2022 Hopa In 8 Ihn Income refunded 13,500 The abjve relalas lo Income rKeived sI&oE£S: 2£8:5 éEe" ¢J 3 2<01 >OEJ£•iU WACC NOTES TO THE FINANCIAL STATEpaENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Anal￿15 of nat usots b•tWgen fvnd• T(rtal Unre6tri&ed Restricted funds 2022 fvnds 2023 Total fvnds 2023 2023 2022 2022 Fund balances al 31 December 2023 are presente¢J by.. Tangible assets Current a8setsl(liabiliti•8) Long tam liabilitie8 $40,703 91.588 (143.989) 81.158 40,379 601.861 549.853 I31.￿7 108,932 1143.989) 1146,9661 61.822 27.835 611.875 136,767 {146.9681 101.537 589.839 511,819 89,857 801.476 24 R•l•t•d party tr•n•actlon¥ R•muthoratlon of kny m•naggmen¢ p•rnonn•l Tha remunwation of kty man￿ernent ￿rsonn￿ is as fThl¢M7. 2023 2022 Aggrogate ￿m[￿n89th 21,505 18.290