Charity reglstratlon number 1134688
Company reglstratlon numbor 06973220 (England and Wales)
WACC
COMPANY LIMITED BY GUARANTEE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

WACC
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
MrA C Hancock
Mr R Sellick
Mr R Hartley
Mr l Blake
Mrs F Holmes
Dr SR Gamble
(Appointed 28 November
2024)
Charlty number
1134688
Company number
06973220
Regl8tsred offlc•
The 1Olell
48 East Green, WestAuckl8nd
Bishop Auckland
County Durham
DL14 9HJ
Independont axamlner
Mr John Yarrow FCA
Allen Sykes Limited
5 Henson Close
South Church Entarprlse Park
Bishop Auckland
Co Durham
DL14 6WA

WACC
CONTENTS
Pag•
Trustees, report
Independent examiners report
statement of financial activities
statement of financial position
Notes to th8 flnancial statements
7-18

WACC
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
The truste8s, vtho are also the directors for the purposes of company law, present their annual report and financial
statements for the year end8d 31 Decemb8r 2024.
The financial statements have been prepared in accordance with the accountlng policies set out in the notes to the
financial statements and comply with the Companles Act 2008 8nd "Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparfng their accounts in accordance with the
Financlal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
Oblectlv08 and actlvltles
The objects of the charity are, for the benefft of the public:
1. to advance the Christlan faith (in accordance with the Statement of Beliefs) in such ways and in such parts of the
Unlted Kingdom or tha world, as the trustees from time to tim8 may think fft,.
2. to relieve sickness and financial hardship and to promote and preserve good health by the provision of fund8,
goods or services of any kind, including through the provislon of counselllng and support in such parts of the United
Kingdom or the worfd as the trustees from time to time may think fit., and
3. to advance education in such ways and in such parts of the United Kingdom or the world as the trustees from
time to tim8 may think fit.
The tru8tees have pald due regard to guidance issued by the Charity Commi8sion in deciding what activrties the
charity should undertake.
Achl•vements and performance
Introductlon
Much of what follow$ is, rightly, focussed on what we do, our mlnlstry and support actlvltles each of whlch come8
about because of who we are. Who we are is the reason for what we do arKI who we are is a group of people who
have taken up the invitation to be followers of Jesus. As such we are strengthened and sustained through our lives
together in wor8hip, prayer and fellowship which in turn are expressed in mission and service in line with Jesus
words, Ilfe and exampl8.
R•vlew of the year & Church overvlew
As we moved into 2024 it actually felt like Covid was fulty b8hind us and we could look forward to some stability and
opportunities for 'regrovéth' In terms of the church family and its Service and outreach. Regular attendance was
growing but, atthough close. not yet back to pr&covid levels.
New people joined us during the ye8r and the generoslty of people, as evidenced in general giving of time and
money, was as buoyant as ever. Our cost, of cours6, continued to increase in many significant areas, particularly
our mortgage and utilttles.

WACC
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Reachlng beyond our walls
The bulk of our outreach and support activities remain focused on local people and their local communitie5 or the
use of the Vineyard Centre ft)r activiti8S to which people who are not 'members' of the church community are invited
and welcomed.
Monday Games Afternoon
This continues to be a popular time for people to meet, drink tea or coffee, chat and play games- table tennis, pool
or board games.
The Well
The Well, our community based café, is also a ministry and continues to spearhead our work of supporting local
people and the community. It has been a year of change for The W811, and due to reduced volunleer nunb8rs, we
decided to reduce our opening hours from 4 days a week ffuesday - Frid8y) to 3 days a week (Wednesday -
Friday) to ensure sustainable operation. This 25010 reduction In our opening hours has had an understandable
impact on our traded Income in the Café.
At the end of July The Well Manager, Andy, left tha organisation to pursue other mlnlstry direclions and w8 are
deeply grateful for hi$ service. In October we were pleased to appolnt a new Manag8r, Samantha. Despite all the
change many of the seniices we provide remain the same a$ previous years. We enjoyed another great 'MacMillan
Coffee Moming, In September at which £557.54 was raised for Macmillan.
In October we were the last Stop on Victoria, Nicolas and Alexanders 31 mlles of Walklng to raise funds for
Pancr8atlc Cancer. In total they raised over £2000 In their campaign.
14Ve are grateful to all our individual donors and organisations who have supported the Trussell Trust Foodbank
which we host. This foodbank has operated throughout the year provlding crisis food support to 626 people in total.
The hospitality of the Foodbank was further enhanced through the operation of our Community Grocers, and the
generosity of The Well Café, which over the year donated 260 pots of tea, 305 Lattes, 277 Cappuccino's and 50
Americano8 to our foodbank clients, other people In need and the volunteers supporting them.
We continue to offer our meeting room to organi8ation8 which offer free support to our community. This year we
have hired that SP8ce to Mental Health Matters, Communlty Money Advice, Rape and Sexual Abuse Counselling
Centre (RSACC) and INellbeing For Life {WBfL) and we have also welcomed other organisations to use our café to
engage with the community. The88 Include. The local MP, the nelghbourhood policing team, Believe Hou5ing'8
Employability Team, Durham County Council's Employability Team, The Durham County Councll Rough Sleeping
Team and County Durham Drug and Alcohol Recovery Servlce (Waythrough).
We are grateful to all our volunteers who enable The Well to offer so much support to so many peoFJe. They go
above and beyond to ensure that everyone who comes has the best experience they can, whether buying a coffee,
using our food bank or accessing our community grocers.
We continue to build a sense of community, where anyone can come and be treated with dignlty. As has always
been the case our alm is to show the love of J8sus through our actions in the community. Our faith is central to
everything we do.
The Well In the Communlty (WITC)
Now more established, The Well in the Community, a natural extension to the work of The Well. In short this service
actively provides support for people with particular needs who have not or cannot come to The Well. We are
regularly able to help people with varying requirements across a very diverse range of needs to those within our
own networ*s and for those referred by numerous other agencies.
The help we offer include making phone calls, filling in benefit forms, funding for needs in crisls situations from
Acts435, referrals to Food bank, CAP (Christians Against Poverty) budgeting advice. shopping for the ill or
housebound, befriending the lonely and isolated, simple DIY tasks and mowing lawns etc.
And finalty.....
Our senior leaders will be stepping down from leadership in July 2025 vthen their appointed Suc￿SS0[ will take up
the position of 'senior leader,. This major change will no doubt herald new opportunities along with refreshed vision,
vitality, and growth.

WACC
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Flnanclal revlew
The financial statements on page5 7 to 22 show the performance and current position of the company which the
trustees consider to be satisfactory. The company has a formal reserves policy whereby tha trustees would ideally
like to hold free reserves to cover three months core costs expenditure which Is currently estimated at
approximately £10,000. The company currently has negative free reserves of £38,805, however, if long term
liabilrties are exclud8d this figure would increase to positive free reserves of £102,167, which would be in excess of
the level set in the reserves policy. The trustees believe the shortfall in unrestricted free reserves will b8 made up in
the forthcoming years.
Structure, governance and management
WACC is 8 charitable company limited by guarantee, incorporated on 27th July 2009. The company wa8
established under a Memorandum of Association which established the objects and powers of the company and is
govemed under its Articles of Assoclation.
The trustees, who are also the directors for th8 purp08e of company law, and who served during the year and up to
the date of signature of the financial statements were..
Mr A C Hancock
Mr R Selllck
Mr R Hartley
Mr l Blake
Mr G Wood
Mrs F Holme8
Dr SR Gamble
(Resigned 5 March 2025)
(Appointed 28 November 2024)
Trustee recrultment and appolntment
I trustee appointment8 will be by joint decislon by the current trustees at the AGM.
Inductlon and tralnlng of new tru8t••s
The charity trustees a￿ currently one of the sanior leaders of the church plus five othfrr church members. The
trustees are familiar with the Charity Commission support material for trustees and they do not consider that further
training will be required to be undertaken in the forthcoming year.
Rlsk management
The trustees have a duty to identify and review the risks to which the charlty is exposed and to ensure appropriate
controls are in place to provide reasonable assurance against fraud and error. The risks have been reviewed by the
trustees and sy8t8ms established to mitigate those risks.
Small company provlslons
This report has teen prepared in accordance with th8 provisions applicable to companies entitled to the sm811
companies exemption.
Th8 trustees. report was approved by the Board of Trustees.
Dr SR Gamble
Trustee
Date..

WACC
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF WACC
I report to the trustees on my examination of the financial statements of IIVACC (the charity) for th8 year ended 31
December 2024.
Respon8lbllltlos and basls of report
As the trustees of the charity (and also Its directors for the purposes of company law) you are responsible for th8
preparation of the financial ststements in accordance with the requirements of th8 Companies Act 20(E (the 2006
Act).
Having satisfied myself that the financial statements of the charlty are not required to be audited under Part 16 of
the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charlty's
financial ststements carri8d out under section 145 of the Charities Act 2011 (the 2011 Act). In carying out my
8xamlnation I have followed all the applicAble Directions given by the Charlty Commission under section 145{5)(bl
of the 2011 Act.
Independont examlnerfs ststement
I have completed my examinatlon. I confimi that no matters have come to my atténtion In connection with the
examination giving me cause to believe that in any material respect".
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or
the financial statements do not accord with those records. or
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other
than any requirement that the accounts give a true and fair view whlch is not a matter considered a8 part of an
independent ex8min8tlon; or
the financial statements have not been p￿pared in accordance with the methods and princlples of the
Statement of Recommended Practice for accountlng and reporting by charities applicable to charrties
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK ard
Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connects'on with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Mr John P Yarrow FCA
Independent Examiner
Allen Sykes Llmlted
5 Henson Close
South Church Enterprise Park
Blshop Auckland
Co Durham
DL14 6VIA
&LL Ipr,'i

WACC
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted R8Strlcted
funds
funds
2024
2024
Total Unrestrictad Restrlcted
funds
funds
2023
2023
Total
2024
2023
Notes
Income from:
Donations and18gacies
Other trading activities
Inv8Stments
88,752
28,958
1,590
19,878
108,630
28,958
1,590
93,408
33,339
905
19,653
113,061
33,339
905
Total Income
119,300
19,878
139,178
127,652
19,653
147,305
Expondlture on:
Raising funds
Charftable activitie8
11,431
103,985
11,431
107,556
15,459
135,799
15,459
143,483
3,591
7.684
Totsl expendlturo
115,396
3,591
118,987
151,258
7,684
158.942
Not Incomel(expendlturn)
3,904
16,287
20,191
(23,606)
11,969
(11,637)
Tran8f8rs between
funds
14
47
(47)
89
(89)
Net movement In
funds
10
3,951
18,240
20,191
{23,517)
11,880
111,637)
Reconclllatlon of funds:
Fund balances at 1 January
2024
488,302
101,537
589,839
511,819
89.857
601,476
Fund balances at 31
December 2024
492,253
117,777
610,030
488,302
101,537
589,839
Included in the comparatlve figures above is income totslling £11,581 and expenditure totslling £21,438 from
discontinued activities.

WACC
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
2024
2023
Notes
Flxed assets
Tangible assets
15
591,552
601,861
Current assets
Stocks
Debtors
Cash at bank and In hand
16
17
1,443
320
164,981
1,511
253
137,615
166,724
139,379
Credltor8: amounts falllng du8 wlthln
one year
(7,274)
(7,412)
Net currant a$80ts
159,450
131,967
Total a88ets1033 current Ilabllltles
751,002
733,828
Credftors: amounts falllng due after
more than one year
20
(140,972)
(143,989)
Net assets excludlng penslon Ilablllty
610,030
589,839
Net assets
610,030
589,839
The funds of the charlty
Restricted income funds
Unrestricted funds
22
117,777
492,253
101,537
488,302
610,030
589,839
The company is 8ntltled to th8 exemptlon from tha audit requirement contained In section 477 of the Companies Act
2006, for the year ended 31 Dec8mber 2024.
The directors acknow18dge their responsibilities for complying with the requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial Statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in
accordance with section 476.
These tlnancial statements have been prepared in accordance wlth the provisions applicable to companies subject
to the small companies regime.
The financial statements were approved by the trustees on
DrSR
Trustee
amble
Company registration number 06973220 (England and Wales)

WACC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcles
Charlty Information
WACC is a private company limited by guarantee incorporated in England and Wales. The registered office Is
The Well, 46 East Green, WestAuckland, BlshopAuckland, County Durham. DL14 9HJ.
1.1 Accountlng conv8ntlon
The financial statements have been prepared in accordance with the Companies Act 2008, FRS 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland. ('FRS 102"> and the Charities
SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financlal Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Publlc Benefit Entity as defined by
FRS 102.
The charity has taken advantage of th8 provlsions in the SORP for charities not to prepare a Statanent of
Cash Flows.
The financial statement8 are prepared In sterling, whlch is the functlonal currency of the charity. Monetary
amounts In those financlal statemants are roundad to the nearest £.
The finandal statements have bean prepared under the historlcal ￿8t conv8ntlon. The principal accounting
policies adoptsd are set out below.
1.2 Golng concern
At th8 time of approving the flnancial statements, the trustees have a reasonable expectation that the charity
has adequate resourc8S to continue in operatlon81 existence for the foreseeable future. Thus the trustees
continue to adopt the golng concern basis of accounting in preparing the financial statem8nls.
1.3 Charftable fund8
Unrestricted fund8 are available for use at the discretion of the trustees in furtherance of their charltable
obj'ectives.
Restricted funds are 8ubject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financlal statements.
Endowment funds are subject to speclfic conditions by donor8 that the capltal must be maintained by the
charity.
1.4 Income
Income is recognised when the charlty is legally entitled to it after any performance conditions have been met,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on recelpt. Other donatlons are recognised once the charity has been notif18d
of the donation, unles5 performance conditions require deferral of the amount. Income tax recoverable In
relation to donatlons received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution,
the amount is known, and receipt Is expected. If the amount is not known, th8 legacy is treated as a
contingent asset.

WACC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng policies
(Continued)
1.5 Expendlture
Expenditure is recognised once there is a legal or constructlve obligation to transfer economic benefit to a
third party, it Is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obllgation can be measured reliably.
Expenditure is cl8ssifi8d by actFvty. The costs of each activty are made up of the total of di￿1 costs and
shared costs, includlng support costs involved in undertaking each activity. Direct costs attributable to a single
activity ar8 allocated directly to that activty. Shared costs which contribute to more than one activity and
support costs which are not attributable to a single activity are apportioned be￿een those activities on a basls
consistent with the use of resources. Centr81 st8ff costs are allocated on th8 basis of tim& spent, and
depreciation charges are allocat8d on the portion of the asset's use.
1.6 Tanglble flxed assets
Tangible fixed assets ar8 Inltlally measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets les8 Iheir residual values over thelr
useful lives on the following bases:
Freehold Propety
Flxtures and fittings
Equipment
1 % stralght line
20% straight line
25°h & 33% straight line
The gain or loss arislng on the dlsposal of an asset is determined 88 the dlfference be￿en the sale proceed8
and the carrying value of the asset, and is r6cognised in the statement of financial activities.
1.7 Impalrment of flxed a886ts
At each reportlng end date, the charlty ravlaws the Carrying amounts of its tanglble assets to determine
whethor Ihere is any indication that those assets have suffered an impairment Ios8. If any such indration
exists, the recoverable amount of th8 asset is estimated in order to determine the extent of the impaiment
loss (If any).
1.8 Stocks
stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost
includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present
location and condltion.
Net realisable valu8 Is the estimated selling price less all estimated costs of completlon and costs to be
incurred in marketing, selling and distribution.
1.9 Cash and cash equlvalents
Cash and cash equivalents Include cash in hand, deposlts held at call with banks, other short-term liquid
investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown
vAthin borrowings in current liabilities.
1.10 Flnancial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balanc8 sheet when the charity becomes party to the
contractual provisions of the instrument.

WACC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng polici88
Icontlnued)
Basic financlal assets
Basic financial assets, which include debtors and cash and bank balances, ar8 Initially measured
transaction price including transaction costs and are subsequently carried at amortised cost Using the effectiv8
interest method unless the arrangem8nt constitutes a financing transaction, where the transaction is
measured at the pr8sent value of the future receipts discounted at a market rate of interest. Financial a88ets
classified as receivable within one year are not amortised.
Baslc flnancl81 Ilabllltios
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction prfce unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
valu8 of the future payments discounted at a market rate of interest, Financial liabilities classified as payable
wtthln one ygar are not amortised.
Trade creditors are obligations to pay for goods or seprfices that have been acqulred in the ordlnary course of
operations from suppliers. Amounls payabl8 are classified as current liabilit188 if payment is due within one
year or less. If not, they are presented as non-current liabllitie8. Trade creditor8 are recognised initially at
transaction price and subsequently measured at amortised cost using th8 effective interest method.
1.11 Employee benofft8
Termination b8nefits are recognised immediately as an expense when th8 charity is demonstrably committed
to terminate the employment of an employe6 or to provide t8rminats.on benefits.
1.12 Retlrement boneflts
Payments to defined contributlon retlrement benefft schemes are charged a8 an expense as they fall due.
Crltlcal accountlng e8tlmat88 and Judgements
In the appllcation of the charity'8 accounting policles, the trustees are required to make Judgements, estlmates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and assoclated assumptions are based on historlcal experience and other factor8 that
are consldered to be relevant. Actual results may differ from these estimate8.
The estimates and underlying assumptions are reviewed on an ongoing basls. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in th8 period of the revision and future perlods where the revision affects both current and future
periods.
Llmlted by guarantee
The charity Is a company limited by guarantee, thère being no Issued share capital, and as such is not under
the direct control of any Individual but by the board of directors as a whole. At 31 December 2024 there were 7
members, each of whom had undertaken to contribute an amount not exceeding £5 in the event of a winding

WACC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from donatlons and legacies
Unrestrlcted Réstrlcted
funds
funds
2024
2024
Total Unra8trlcted Restrictad
funds
funds
2023
2023
Total
2024
2023
Donations and gifts
Grants Receivable
88,752
17,378
2,500
106,130
2,500
93,408
17.653
2,000
111,061
2,000
88,752
19.878
108,630
93,408
19,653
113,061
Grants recelvabl6 for core actlvltles
Afflold Clark
Belleve Housing
Durham Community
Action
2,500
2,500
1.000
1,000
1,CQO
1,000
2,500
2,500
2,000
2,000
Income from oth8r tradlng actlvltlos
Unrestrlcted Unre8trlcted
funds
funds
2024
2023
Shop Income
Trading activity income.. other
27,151
1,807
32,276
1,063
Other trading activities
28,958
33,339
Income from Investm•nts
Unrestrlcted Unrestrlcted
fund8
funds
2024
2023
Rental income
Bank interest receivable
1.143
447
700
205
1,590
905
10-

WACC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Ralsing funds
Unr88trlcted Unrestricted
funds
funds
2024
2023
Operating charity shops
Other tradiro activltles
10,649
123
13,480
55
Trading costs
10,772
13,535
659
1,924
11,431
15,459
11

) LC> ¢0
) c
¢Da>rN(
a)
C 47

WACC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Support costs allocated to actlvities
2024
2023
Depreciation
Premises costs
General office costs
Other costs
Legal and professional
Governance costs
10,309
30,818
4,060
2.294
35
16,043
10,690
24,000
7,263
2,991
35
15,564
63,559
60,543
Analysed between:
Church Acttvities
The W811
The Vineyard Centre
IPleard8le Vln8yard
37,073
26,488
20,743
25,041
9,937
4,822
63,559
60,543
10 Net movement In fund8
2024
2023
The net movement in fund8 18 stated after charglngl{crediting).'
Fees payable to the charity's indep8nd&nt examiner:
for the independent examination of the charity's financlal 8tatement8
for other financial servic88
Depreciation of owned tangible fixed assets
2,840
474
10,309
2,400
540
10,690
11 Trustees
Mr A C Hancock, trustee received remuneration totalllng £11,619 during the year in his role as the church
pastor. This remuneration was considered allowable under the company's articles of associatlon which state
that a trustee can be remunerated providing it is authorised by a resolutlon of the trustees and the trustees are
satisfied they are the best Person for the job.
No remuneration or other benefits from employment with the charity or a related entity were received by the
other trustees.
No trustee expenses have been incurred.
12 Employees
The average monthly number of employees during the year was:
2024
Number
2023
Number
13-

WACC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
12 Employees
{Contlnued
Employment costs
2024
2023
Wages and salaries
Other penslon costs
28,498
155
41,521
304
28,653
41,825
There were no employees whose annual remuneration was more than £60,000.
Remuneratlon of key management personnel
The remuneration of key management personnel was as follows..
2024
2023
Aggregate compensation
22,145
21,505
13 Taxatlon
The charity 18 exempt from tsxation on it8 activiti88 because all its income is applled for charitable purposes.
14 Transfers
A transfer of £47 was made from rastri¢ted funds to unrestrlcted funds relatlng to unspent funds which are
considered to not repayable.
16 Tanglble flxed assets
Fr••hold FlJtlur•• and
Propety
flttlngs
Equlpm•nt
T¢)tal
Cost
At 1 January 2024
Dispos818
644,831
13.329
25,146
{2,325)
883.306
(2,325)
At 31 December 2024
644,831
13,329
22,821
880,981
Doproclatlon and Impalrmont
At 1 January 2024
Depreciation charged in the year
Eliminated in respect of disposals
51,584
8,448
12,910
182
16,951
3,679
(2.325)
81,445
10,309
(2,325)
At 31 December 2024
58.032
13,092
18,305
89,429
Carrying amount
At 310ecemb8r 2024
586,799
237
4,516
591,552
At 31 December 2023
593,247
419
8,195
601,861
14-

WACC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
16 Stock8
2024
2023
Raw mat8rials and consumables
1,443
1,511
17 Debtors
2024
2023
Amounts falllng due wlthln one year.
Trade debtors
Other debtors
120
200
253
320
253
18 Loans and overdrafts
2024
2023
Bank loans
144,582
147,387
Payable withln one year
Payable after one year
3,610
140,972
3,398
143,989
Amounts Included above vthlch fall due after five years..
Payable by instalments
123,894
127,154
The remaining lerm of the bank loan as at 31 December 2024 was 19 years and 9 months. The loan is
repayable by instalments and the interest rate as at 31 December 2024 was 8.25%.
19 Credltor8: amounts falllng due wlthln one year
2024
2023
Notes
Bank loans
Trade creditors
Other creditors
Accruals and deferred income
18
3,610
853
3,398
1,158
315
2,541
2,811
7,274
7,412
The bank loan is secured ag8inst the property held by the company.
15-

WACC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
20 Credltors: amounts falllng due after more than ono year
2024
2023
Notes
Bank loans
18
140,972
143,989
The bank loan Is secured against the propety held by the company.
21 Rotlremant boneflt 8ch•me$
2024
2023
Deflnad Contrlbutlon 8cheme8
Charge to profit or Ios8 In respect of defined contribution schemes
155
304
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of tho
scheme 8r8 held separately from those of the charlty in an independently administer8d fund.
22 Re8tr1cted funds
The restricted funds of the charlty ¢ompri8e the unexpended balances of donatlons and grants held on trust
subject to speclfic condltlons by donors as to how they may be used.
At 1 January
2024
Incomlng
resources
R080urces
expended
Transfern
At31
December
2024
Garfield Weston Foundation
Donations for specific use
Durham County Councll
All Churches Trust
Foodbank Donations
Gaunless Gateway Small
Grants FurKJ
Pastoral Ald
Helping Hands Donations
Amold Clark
Succession Planning
Well Minlstry Donations
Believe Housing Food Project
23,000
21,093
10,625
6,440
6.398
{250)
{229)
(115)
(70)
(2,117)
22,750
20,864
10.510
6,370
8,051
3,770
47
2,035
13,693
(47)
600
<126)
2,509
13,693
2,425
22,961
2,500
8,541
4,467
(75)
14,420
3,286
500
(109)
(500)
101,537
19,878
(3,591)
(47)
117,777
16-

WACC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
22 Restrlcted funds
Icontlnued)
Prevlous year:
At 1 January
2023
Incoming
resources
Resources
expended
Transfers
At31
December
2023
Garfleld Weston Foundatlon
Donations for specific use
Durham County Council
All Churches Trust
Foodbank Donations
Gaunless Gateway Small
Grants Fund
Pastor81 Aid
Family Youth Worker Donations
Helping Hands Donations
Family Fun Day
Succession Planning
Well Minlstry Donations
Believe Housing Food Project
23,250
21,322
10,740
6,510
6,269
(250)
{229)
(115)
(70)
(3,439)
23,000
21,093
10,625
6,440
8,398
3,568
47
1.616
6,210
13,693
47
2,035
1,513
8,210
(1,094)
(14,420)
13,693
1,500
(1,411)
(89)
14,420
14,420
3.286
500
4,362
500
(1,076)
89,657
19,653
(7,684)
(89)
101,537
Purpose of restricted funds:
Gaffield Weston Foundation - To fund the capital expenditure on the Vineyard Centre project.
Donations for 8peclfic use- To fund specific church activlties and the Vineyard Centre project,.
Durham County Council - To fund the capital expendlture on The Well project,.
All Churches Tru8t- To fund the capital expenditure on the Vineyard Centre project.,
Foodbank Donations - To fund purchases for the focKlbank:
Gaunless Gateway Sm811 Grants Fund - To fund the running of a holiday club;
Pastoral Ald - To fund help to any church member in crisis.
Family Youth Worker Donatlons- To fund the cost of providlng a family youth worker;
Helping Hands Donations - To fund outreach work.,
Amold Clark - To fund activities undertaken at The Well;
Family Fun Day - To fund a Family Fun Day;
Succession Planning - To fund the cost of appointing a new pastor;
1Olell Ministry Donations - To fund the Well Ministry work,.
Believe Houslng Food Project - To fund 8 food project at The Well.
23 Unrestrfctsd funds
The unrestricted funds of the charity comprise ttr￿ unexpended balances of donations and grants vthich are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have b88n set aside out of unrestricted funds by the trustees for specific purposes.
At 1 January
2024
Incomlng
resources
Resources
expended
Transfers
At31
December
2024
General funds
488,302
119,300
(115.396)
47
492.253
17-

WACC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
23 Unrestrlcted funds
(Continued)
Prevlous year:
At 1 January
2023
Incoming
resourcés
Resourcos
expended
Transfers
At31
December
2023
General funds
511.819
127,652
(151,2581
89
488,302
24 Analy81s of net assets betwean funds
Unrestrlcted
funds
2024
Re8trlcted
fund3
2024
Total
2024
At 31 December 2024:
Tangible assets
Current assetsl(liabilities)
Long temi liabilitias
531,058
102,167
(140,972)
60,494
57,283
591,552
159,450
(140,972)
492,253
117,777
810,030
Unrestrlcted
funds
2023
Restrlcted
funds
2023
Totsl
2023
At 31 December 2023:
Tangible assets
Current assetsl(liabilitie8)
Long term liabilities
540,703
91,588
(143,989)
61,158
40,379
801,861
131,967
{143,989)
488,302
101,537
589,839
26 Rolated party transactlons
There were no dlsclosable relat8d paty transactions durlng the year (2023 - none).
18-