Charity numb•r: 1138362
TRINITY CHURCH LEP GOSFORTH
UNAUDITED
CHURCH COUNCIL MEMBERS. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

TRINITY CHURCH LEP GOSFORTH
CONTENTS
Page
Refaronca and Administrative Detalls of the Charlty, Its Church councll mambèrs and
Advisers
Church councll members, Report
Independent Exarnlnorfs Raport
ststomont of Flnanclal Actlvltle8
Balance Sheot
10
Not88 to tha Flnanclal Statements
11-27

TRINITY CHURCH LEP GOSFORTH
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS CHURCH COUNCIL MEMBERS
AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST 2024
Church councll members Geoff Blair, Finance Team (advisor)2
Andrew Carter, Deacon (resigned 31 July 2024)1,3,4
David Cowans, Finance team (advisor)14
Charles Fleming, Elected by AGM4
Carole Eke, Finance Team2,4
Monica Goldfinch, Secretary of Church Counci14
Rev Alex Mabbs, Ministry Team leader, Chair of counci1l,2,3,4
David Lowry, Elected by AGM4
Rosemary Menzies, Pastoral Team Leader1,3.4
Alan Nicholson, Treasurer and Chair of Trinity Centre Llmited1,2,3.4
Charles Parker, Elected by AGM4
Roger Pickard, Chair. Property Team2,4
Keith Stewart, Elected by AGM4
Peter Short, Senior Steward1,3,4
Rachel Taglione, Children and Family Worker1,3,4
Susan Thomson, Elected by AGM4
1 A member of the leadership team
A member of the finance team
3 A member of the Ministry team
4 A member of the Church Council (Trustee)
Charlty reglstered
number
1138362
Prlnclpal offlco
Trlnlty Church and Centre
High Street
Gosforth
Newcasile upon Tyne
NE3 4AG
Accountants
Ryecroft Glenton
32 Portland Terrace
Newcastle upon Tyne
NE2 IQP
Page 1

TRINITY CHURCH LEP GOSFORTH
CHURCH COUNCIL MEMBERS. REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
The Church council members present their annual report together with the financial statements of the Trinity
Church LEP Gosforth for the year 1 September 2023 to 31 August 2024.
The financial statements have been prepared in accordance with the accounting policies set out in the notes to
the financial statements and comply with the charity's governing document, the Charities Act 2011 and the
relevant version of the Statement of Recommended Practice applicable to charities preparing their financial
statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102).
Objectlves and actlvltles
Pollcles and objectlves
Trinity Church is committed to providing a vibrant centre of Christian worship and life for the community of
Gosforth and to be a place of welcome, 7 days per week. to any who wish to come in.
In setting objectives and plannlng for activitles, the Church council members have glven due consideration to
general guidance published by the Charity Commission relating to public benefit, including the guidance 'Publi
benefit: running a charity (P82)'.
Strategles for achlevlng objectlves
Trinity Church, Centre and Cafe (known just as "Trinitl,) is open and a place of welcome each day. Apart from
times of Sunday worship, the main entrance to the buildings and all activities is through the cafe, which is seen
to be less-threatening to those unfamiliar with church. than a traditional church entrance. We welcome
approximately 2,000 visitors from the local community per week. A Reception desk is staffed by volunte8rs
when the building is open to the public. Our second building at South Gosforth is also available for use by
community groups and worship is also held there.
• Actlvltles undertaken to achlev• obJ6ctlv•8
Publlc worship Is held on Sunday mornings and midweek during Advent and Lent. In 2021 a Sunday afternoon
Farsi speaking service commenced, and is still operating. Attendance at Sunday morning worship regularly
exceeds 200, with a number of younger parents with children as part of the congregation. Festivals such as
Christmas and Easter are marked by special additional services which have a "communi￿ appeal (such as
"Buggies and Babes. and Community Carol and Christingle services). There is a large number of Life (or Home)
Groups which meet regularly, attended by over 100 members and non-members.
Trinity Church and Centre provide a wide range of weekday activities for the church and wider community.
These range from Parent and Toddler groups, children's and youth activities, craft groups, adult groups, to
lunches for the elderly. Activities are provided by volunteers from the church and by external providers.
Trinity Church has a Safeguarding Policy and all Trinity and non-Trinity workers with children or vulnerable
adults have DBS disclosures.
Trinity Cafe, known as Café 1901, provides food prepared on the premises and a welcoming area where
members of the public gather to meet their friends and chat. In particular, Trinity cafe is knowrb for being
'wheelchair- and buggy-friendll,.
When Reception is open. the church is available for private prayer.
Page 2

TRINITY CHURCH LEP GOSFORTH
CHURCH COUNCIL MEMBERS, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Objectives and activlties (contlnued)
• Grant-making policles
Grants to external organisations are agreed by the Finance Team and ratified by Church Council. Grants are
made from general church funds and from offerings for specific purposes
• Maln actlvlties undertaken to furthèr thè Charlty's purposes for the public beneflt
Investments for special projecis and charity offerings are held in accordance with the policies of our national
churches. The monies held on behalf of Trinity by the Methodist Church are invested with the Central Finance
Board of the Methodist Church. Funds held locally are on deposit with Lloyds Bank plG. Bequests from former
Methodist members are held and managed by the Trustees for Methodist Church Purposes and invested wilh
the Methodist Church CFB.
A¢hlevements and perforniance
Revlew of actlvltles
Activities organised by Trinity Church and Centre are under constant review by the relevant Team responsible.
• Investment pollcy and perforniance
During this year, local funds have been invested with the Methodist Church Central Finance Board and Lloyds
Bank plc. Interest payable by the CF8 is gross of tax. Generally, performance by both CFB and Lloyds Bank plc
has been weak.
Flnanclal revlew
Golng concern
After making appropriate enqulries, the Church council members have a reasonable expectation that the Charity
has adequate resources to continue in operational existence for the foreseeable future. For this reason, they
continue to adopt the going concern basis in preparing the financial stalements. Further details regarding the
adoption of the going concern basis can be found in the accounting policies.
Reserves poII¢y
Apart from reserves held in restricted and dedicated funds, it is the pollcy of Trlnity Church to hold in reserves a
sum not more than Ihat required to fund one yearfs expenditure. The balance of expendable unrestricted
reserves at 31 August 2024 was £316,559 (2023 £279.047).
Materlal Investments pollcy
Trinity Church is open to the local community 7 days a week. Thus, our buildings and facilities are available for
rent or use by various community activities, as well as church-sponsored activities (which are always open to
non-members)- Trinity Church sees itself as a hub for the community and its central position on Gosforth High
street provides an ideal opportunity to serve the community in this way.
Page 3

TRINITY CHURCH LEP GOSFORTH
CHURCH COUNCIL MEMBERS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
• Prlncipal fundlng
The principal source of funding of Trinity Church is the donations received from church members, many of
which are tax-efficient, under Gift Aid. Additional funding, is raised by fund-raising events.
• Trlnlty Square
Following legal agreément with Newcastlé City Council. part of the adjoinlng road (West Avenue) and pavement
was added to the Trinity Land in front of the church. in a development known as Trinity Square. Some of the
trees were removed. with a replacement added (in December 2014, replaced In March 2016), and part of the
grassed area paved in high quality granite. Seats, lighting and new notice boards were added. Trinity Square Is
further resource for Trinity Church and Centre and for the community.
structure, governance and management
Constitutlon
Trinity Church LEP Gosforth is a registered charity, number 1138362, and is constituted under a Trust deed.
The principal obj8Ct of Trinity Church is to provide a place of Christian Worship and Witness for the people of
Gosforth and its surrounding area.
• Methods of appolntment or electlon of Church councll members
The management of the Charity is the responsibility of the Church Council (Trustees), whose members ar8
elected by the Church Meeting, or CO￿pted by Council, under the terms of the Trinity Church LEP Constitution.
The Church Treasurer is elected by the Church Council. Members of the Leadership Team and Finance Team
are appointed by Church Council to oversee the day-t(Hlay management of the charity and its finances.
• Organlsatlonal structure and declslon-maklng poll¢lo8
Th& Church Council {Trustees} is the maln decision making body of Trinity Church. Trinity Is a large church of
over 300 members and Church Council Is required, under the terms of its Constitution, to hold at least three
Congregation {Members'} Meetings in addition to the Annual General Meeting each year. Much of the day-to-
day management has now passed to the Ministry Team, which meets weekly.
The members of the Staff Team are Rev Alex Mabbs (Ministry Team Leader), who replaced the retiring Rev
Peter Holwell on 1 September 2021, Deacon Andrew Carter, Andrew Mason (Youth Worker) and Rachel
Taglione (Children and family worker).
The Minislry Team and the Trinity Centre Team now are meeting face to face. The former meet to ensure the
running and pastoral care of the Church is maintained. the latter to ensure when the Centre can reopen
following government guidelines.
Pollcies adopted for the appolntment of the flnanc• team
Members of the Finance Team have been appointed to bring various areas of expertise to the team. The team
includes two accountants, rnembers working in business finance, members with experience in taxation and
personnel and Gift Aid, and members familiar with the financial practices of the Methodist Church.
Page 4

TRINITY CHURCH LEP GOSFORTH
CHURCH COUNCIL MEMBERS, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Structure. governance and manag8ment (contlnued)
• Related party rolatlonshlps
Following the development of the buildings, completed in February 2008, a company. Trinity Centre Limited.
was set up to run the cafe and mange use of the facilities, thus facilitating their use by a wide variety of
community and visiting groups.
From May, 2015, the café was outsourced to Olivia's Artisan Bakery. Olivia's withdrew in March 2018 and Caffé
1901 took on the lease from June 2018. Trinity Centre Ltd continues to manage the facilities and the hirers of
the buildings.
The chairman of Trinity Centre Limited is also appointed Hon Treasurer of Trinity Church and is a member of
the Church Council (Irustee). The Finance Director of Trinity Centre Limited is a member of Ihe Church Finance
Team.
Rlsk management
The Church Council members have assessed the major rlsks to which the charity is exposed, in particular those
related lo the operalions and finances of the charity, and in the safeguarding of children, young people and
vulnerable adults. and are satisfied that systems and procedures are in place to mitigate our exposure to major
risks. All volunteers working with children and vulnerable adults have DBS clearance, and they and all church
officials receive regular training provided by the Methodist Church of Great Britain.
There is a local Safeguarding officer, who reports regularly to the Trustees,. the Trustees receive a full, detailed
report and endorse the Safeguarding Policy annually in January. Th8 Safeguarding Officer is supported by a
local and national network of the Methodist Church.
There are public liability and trustees, liabillty insurances In place.
Wlth the impact of Covid, both the Church and Trinity Centre undertook a risk assessment. and both are
regularly reviewed to ensure robustness and effectiveness.
Plans for future perlods
It is expected that Trinity Square will be the focus of many church and community events. Already this area is
used for events such as public Carol singing (with free mince pies), and our annual summer outreach event at
which barbecued food is given, free of charge, to members of the local and working community. At the moment
the Church is following government guidelines and so no public events are taking place.
Funds hèld as custodlan
Offerings received for particular charities are passed, in full and as quickly as reasonably possible, to the
charilies concerned.
Page 5

TRINITY CHURCH LEP GOSFORTH
CHURCH COUNCIL MEMBERS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Information on fundralsing practlc8S
Trinity Church's main source of income is the voluntary gifts and donations of its members, much of which
qualifies for enhancement under the HMRC Gift Aid scheme. Further income is received from lettings of rooms
to external bodies and the majority of this revenue is administered by an associated company, Trinity Centre
Limited. Current additional fundraising takes the form of monthly coffee mornings, which have a mainly social
function.
The Church does not employ a professional fundraiser.
Statement of Church councll mambers. rnsponslbllltles
The Church council members are responsible for preparing the Church council members, Report and the
financial statements In accordance with applicable law and United Klngdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Church councll members to prepare financial
statements for each financial which give a true and fair view of the state of affairs of the Charity and of ils
incoming resources and application of resources, including its income and expenditure, for that period. In
preparing these financial statements, the Church council members are required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles of the Charities SORP {FRS 102).
make judgements and accounting estimales that are reasonable and prudent;
slate whether applicable UK Accounting Standards (FRS 102) have been followed. subject to any
material departures disclosed and explained in the financial statements.
prepare the financial statements on the going concern basis unless it is inappropriat8 to presume that the
Charity will continue in business.
The Church council members are responsible for keeping adequate accounting records that are sufflclent to
show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial
position of the Charity and enable Ihem to ensure that the financial statements comply with the Charities Act
2011, the Charily (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also
responsible for safeguarding the assets of the Charity and hen￿ for tsking reasonable steps for th8 prevention
and deteclion of fraud and other irregularities.
Approved by order of the members of the board of Church council members on 29 May 2025 and signed on
their behalf by:
Alan Nicholson
Page 6

TRINITY CHURCH LEP GOSFORTH
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
Independent Examinèrfs Report to the Church councll members of Trlnlty Church LEP Gosforth
('the Charity.)
I report to the charity Church council members on my examination of the accounts of the Charity for the year
ended 31 August 2024.
Responslbllltles and Basls of Report
As the Church council members of the Charity you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 {'the 2011 Act,).
I report in respect of my examination of the Charitys accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have followed the applicable Directions given by the Charity Commisslon under
section 145(5)(b) of the 2011 Act.
Ind•pendent Examlnerfs Statement
Since the Charills gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member
of ICAEW. which is one of the listed bodies.
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting
and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) in preference to the Accounting and Reporting by Charilies.. Statement of Recommended Practice
issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
l understand that this has been done in order for the accounts to provide a true and fair view in accordance with
the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January
2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any materlal respect:
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act. or
the accounts do not accord with those reGords', or
the accounts do not comply wlth the appllcable requirements concerning the form and content of
accounts set out in the Charilies {Accounts and Reports) Regulations 2008 other Ihan any requirement
that the accounts give a 'true and fairf view which is not a matter considered as part of an independent
examination.
I have no concerns arbd have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Page 7

TRINITY CHURCH LEP GOSFORTH
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
This report is made solely to the Chariws Church council members, as a body, in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the
Charitys Church Gouncil members those matters l am required to state to them in an Independent Examinerfs
Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility
to anyone other than the Charit
and the Charity's Church council members as a body, for my work or for this
report.
Signed:
Jon Routledge
Dated: 29 May 2025
FCA
Ryecroft Glenton. 32 Portland Terrace, Newcastle upon Tyne NE2 1 QP
Page 8

TRINITY CHURCH LEP GOSFORTH
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2024
Endowment
funds
2024
Restrlcted Unrestrlcted
funds
funds
2024
2024
Total
funds
2024
Total
fvnds
2023
Note
Income and
endowments from:
Donations and
legacies
Other trading activities
Investments
Other income
10,939
212,173
7,274
62,539
4,110
223,112
7,274
64,515
4,110
239.844
7, 948
43,606
6,330
1,881
95
Total Incom• and
èndowments
1,881
11,034
286,096
299,011
297, 728
Expendlturo on:
Charil8ble activities
12,391
253,188
265,579
273,452
Total expendltura
12,391
253,188
265,579
273,452
Net
Incomel{expendlture
1.881
(1,357)
32,908
33,432
24,276
Transfers between
funds
16
(1,881)
1,824
57
(1,974,341)
Net movement In
fund8
467
32,965
33,432
(1, 950, 065)
Reconclllatlon of
funds:
Total funds brought
forward
Net movement in
funds
37,610
2,555
3,135,830
3,175,995
5, 126.060
467
32,965
33,432
(1,950,065)
Total funds carrled
forward
37,610
3,022
3,168,795
3,209,427
3, 175,995
The Statement of Financial Activities includas all gains and losses recognised in the year.
The notes on pages 11 to 27 form part of these financial statements.
Page 9

TRINITY CHURCH LEP GOSFORTH
BALANCE SHEET
AS AT 31 AUGUST 2024
2024
2023
Note
Flxed assets
Tangible assets
12
2,852,236
2,856, 783
2,852,236
2,856, 783
Current assets
Deblors
Cash al bank and in hand
13
3,532
381,781
3,565
344,233
385,313
347, 798
Current Ilabllltles
Creditors.. amounts falling due within one
year
14
(5.622)
(6,086)
Not current assets
379.691
341, 712
Total assets less current Ilablllt108
3,231,927
3, 198,495
Creditors.. amounts falling due after more
than one year
15
(22,500)
(22,500)
Totsl net assets
3,209,427
3, 175.995
Charlty funds
Endowment funds
Restricted funds
Unrestricted funds
16
16
16
37,610
3,022
3,168,795
37,610
2.555
3, 135,830
Total funds
3,209.427
3. 175,995
The financial statements were approved and authorised for issue by the Church council members on 29 May
2025 and signed on their behalf by:
Alan
on
The notes on pages 11 to 27 form part of these financial statements.
Page 10

TRINITY CHURCH LEP GOSFORTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
General Informatlon
Trinity Church LEP Gosforth is a registered charity (number 1138362), is constituted under a Trust deed
and operates from Trinity Church, High Street, Gosforth, Newcastle upon Tyne, NE3 4AG.
Accountlng pollcles
2.1 Basls of preparatlon of flnanclal statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102)
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) {effective 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Charities Aci 2011.
The financial statements have been prepared to give a 'true and fairf view and have departed from
the Charities (Accounts and Reports) Regulations 2008 only lo the extent required to provide a 'true
and fair, view. This departure has involved following the Charities SORP IFRS 102) published in
October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended
Practice effective from 1 April 2005 which has since been withdrawn.
Trinity Church LEP Gosforth meets the definition of a public benefit entity under FRS 102. Assets
and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in
the relevant accounting policy.
2.2 Incomo
All income is recognised once the Charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of Financial Activities on a receivable basis. The balance of
income received for specific purposes but not expended during the period is shown in the relevant
funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its
recognition is deferred and included in creditors as deferred income. Where entitlement occurs
before income is received, the income is accrued.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
Other income is recognised in the period in which it is receivable and to the extent the goods have
been provided or on completion of the service.
2.3 Expendlture
Expenditure is recognised once there is a legal or constructive 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 obligation can be measured reliably. Expenditure is classified by
activity. The costs of each activity are made up of the total of direct costs and shared costs.
including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity
and support costs which are not attributable to a single activity are apportioned between those
activities on a basis consistent with the use of resources. Central staff costs are allocated on the
basis of time spent, and depreciation charges allocated on the portion of the asset's use.
Page11

TRINITY CHURCH LEP GOSFORTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policios (contlnued)
2.3 Expendltura {contlnued)
Expenditure on charitable activities is incurred on directly undertaking the activities which further th8
Charity's objectives, as well as any associated support costs.
All expenditure Is inclusive of irrecoverable VAT.
2.4 Inter•st recalvable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity. this is normally upon notification of the Interest paid or payable by the
Institution with whom the funds are deposited.
2.5 Tanglble flxed as8et8 and dopreclatlon
Tangible fixed assets costing £250 or more are capitalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model,
tangible fixed assets are measured at cost less accumulated depreciation and any accumulated
impairment losses. All costs incurred to bring a langible fix8d assel into its intended working
condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives.
Depreciation is provided on the following bases..
Fraehold property
Fixtures and fittings
Office equipment
0.￿ as no decrease In valu8
20 % straight line
200/0 Straight line
2.6 Debtors
Trade and other debtors are recognised at the settlement arnount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.7 Cash at bank and In hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
2.8 Liabllities
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the
amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the
amount it has received as advanced payments for the goods or services it must provide.
Page 12

TRINITY CHURCH LEP GOSFORTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policios {continu•d)
2.9 Flnancial Instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at Iheir settlement value with the exception of bank loans which are
subsequently measured at amortised cost using the effective interest method.
2.10 Penslons
The Charlty operates a deflned contributSon pension scheme and th8 pension charge represents the
amounts payable by the Church to the fund in respect of the year..
2.11 Fund accountlng
General funds are unrestricted funds which are available for use at the discretion of the Church
council members in furtherance of the general objectives of the Charity and which have not been
designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Church council
members for particular purposes. The aim and use of each designated fund is set out in the not8S to
the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the Charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each r8Stricted
fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund,
Income from donatlons and legacles
Restrlcted Unrastrlcted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Donations
Church collections for external charities
Grants
2,125
8.814
205,573
207,698
8,814
6,600
222,293
12,551
5.000
6,600
Total 2024
10,939
212,173
223,112
239, 844
Total 2023
14.857
224,987
239, 844
Page 13

TRINITY CHURCH LEP GOSFORTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Income from other tradlng actlvltles
Incomo from fundralslng events
Unrastrlctod
funds
2024
Total
funds
2024
Total
funds
2023
Fundraising
7,274
7,274
7,948
Total 2023
7,948
7.948
Inv08tment Income
Endowment Restrlcted Unrestrlcted
funds
funds
funds
2024
2024
2024
Total
funds
2024
Total
funds
2023
Property lettings and internal
groups
Int8rest receivable
49.708
12,831
49.708
14,807
34.682
8,924
1,881
95
1,881
95
62,539
64,515
43, 606
Total 2023
1, 193
54
42,359
43,606
other Incomlng resources
Unrestrlcted
funds
2024
Total
funds
2024
Total
funds
2023
Other income
4.110
4.110
6,330
Total 2023
6.330
6.330
Page 14

TRINITY CHURCH LEP GOSFORTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Analysls of axpendlturn on charitable activities
Summary by fund typ•
Endowment Restrlcted Unrestrleted
funds
funds
funds
2024
2024
2024
Total
2024
Total
2023
General fund
Community Centre
Bequests
External collectlons
Leaving collections
Men's shed
Flower fund
Internal organisations
236,649
14,759
236,649
14,759
223,917
28,170
108
16,128
670
1.288
1,241
1,930
10,469
483
139
1.300
10,469
483
139
1,300
1,780
1,780
12,391
253,188
265,579
273,452
Tot812023
107
19,328
254,017
273,452
Page 15

TRINITY CHURCH LEP GOSFORTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Analysls of axpenditure by activities
Actlvltles
undertaken
dlrectly
2024
Support
Costs
2024
Total
funds
2024
Total
funds
2023
General fund
Community Centre
Bequests
External collectlons
Leaving collections
Men's shed
Flower fund
217,158
13,728
19,491
1.031
236,649
14,759
223,917
28,170
108
16,128
670
1,288
1.241
1,930
10,469
483
139
10,469
483
139
1.300
1,780
1,300
1.780
Internal organisations
245,057
20,522
265,579
273,452
Total 2023
255.514
17,938
273.452
Page 16

TRINITY CHURCH LEP GOSFORTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Analysls of axpendlture by activltles (continued)
Analysls of dlract costs
General Communlty
fund
Centre
2024
2024
Extemal
Laavlng
Bequests collectlon8 collections
2024
2024
2024
Staff costs
22,529
2,899
Methodist and URC
assessments
Preacher and Service expenses
Office expenses
utilities
Repairs and maintenance
Sundry expenses
External collections
Administration
Staff collections
132,384
382
1,829
38,961
16.058
5,015
2,183
8.457
189
10,469
483
217,158
13,728
10,469
483
Tot812023
206,908
27,241
108
16,128
670
Page 17

TRINITY CHURCH LEP GOSFORTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Analysis of expenditure by actlvltles (contlnued)
Analysis of dlrect costs (contlnued)
Total
funds
2024
Total
funds
2023
Men's shad Flowor fund
2024
2024
Internal
2024
Staff costs
Methodist and URC
assessments
Preacher and Servlce expenses
Other expenses
utilities
25,428
30,833
139
1,300
133,823
382
145,065
535
3,823
21.193
28,337
8.822
16.128
108
670
1,829
41,144
24,515
6,984
10,469
Repairs and maintenance
Sundry expenses
Extemal collections
Administration
Staff collections
1,780
483
139
1,300
1,780
245,057
255.514
Total 2023
1,288
1,241
1,930
255,514
Page 18

TRINITY CHURCH LEP GOSFORTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Analysls of 8XPgndlturo by activities (continued)
Analysls of 8UPPOrt costs
General Communlty
fund
Centre
2024
2024
Total
funds
2024
Total
funds
2023
Accountancy costs - governance
Legal and professional fees - governance
Insurance
Sundry expenses
Depreciation
5,515
2,712
6,291
426
4.547
5,515
2,712
7.322
426
4,547
5,994
1,031
6,941
457
4,546
19,491
1,031
20,522
17,938
Total 2023
17,009
929
17,938
Independent examlnar's remuneratlon
2024
2023
Fees payable to the Charity's Independent examiner for the preparatlon and
independent examination of the Charlvs annual accounts
5,515
5,994
10. Staff costs
2024
2023
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
22,829
1,327
1,272
28,070
1,259
1.564
25.428
30.833
Page 19

TRINITY CHURCH LEP GOSFORTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
10. Staff costs (continued)
The average number of persons employed by the Charity during the year was as follows:
2024
2023
No.
Staff numbers
No employee recelved remuneration amounting to more than £60,000 in either year.
11. Church councll members. remuneratlon and expenses
During the year, no Church council members received any remuneration or other benefits (2023- £NIL).
During the year ended 31 August 2024, no Church council member expenses have been incurred (2023-
£NIL).
12. Tanglbla flxed assets
Freehold Flxtures and
property
Ilttlngs
Offlce
•qulpment
Total
Cost or valuatlon
At 1 September 2023
2,852,223
137,556
57,318
3,047.097
At 31 August 2024
2,852,223
137,556
57,318
3,047,097
Depreclatlon
At 1 September 2023
Charge for the year
137,543
52,771
4,547
190,314
4.547
At 31 August 2024
137,543
57,318
194,861
Net book value
At 31 August 2024
2,852,223
13
2,852,236
At 31 August 2023
2.852,223
13
4.547
2.856. 783
Page 20

TRINITY CHURCH LEP GOSFORTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
12. Tanglble flxed assets (contlnued)
The registered title to the property lies with the Trustees For Methodist Church Purposes, Central
Buildings, Oldham Street, Manchester and not Trinity Church LEP Gosforth. The £2,852,223 cost shown
relates to expenditure in connection with the Trinity Centre and Trinity Square projects from 2007
onwards.
13. Debtors
2024
2023
Due wlthln one year
Prepayments and accrued Income
3,532
3,565
3,532
3,565
14. Credltors: Amounts falllng due wlthln one year
2024
2023
Accruals and deferred income
5,622
6,086
15. Crndltor8: Amounts falllng du• aftor more than one year
2024
2023
Other loans
22,500
22,500
Page 21

TRINITY CHURCH LEP GOSFORTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
16. Statement of funds
Statement of funds - current year
Balance at 1
Saptombèr
2023
Balance at
31 August
2024
Transfers
Inlout
Income Expendltura
Unrestricted funds
Doslgnated funds
Community Centre
Internal organisations
Winter fuel allowance
Legacy
Dr Anne Graham
27.783
1,977
1.340
11,163
31,021
20,484
4,110
(14,759)
(1,780)
(5,6011
(2,980)
27,907
1,327
1,340
11.163
31,021
73,284
24,594
(16,539)
18,581)
72,758
General funds
General Funds - all funds
3,062,546
261,502
(236,649)
8,638
3,096,037
Total Unrestrlcted fund8
3,135,830
286,096
(253,188)
57
3,168,795
Endowment funds
Endowment Funds - all funds
37.610
1.881
(1,881)
37,610
Restrlcted funds
Bequests
External colleclions
Leaving collections
Isla fund
Men's shed
Flower fund
150
519
8.814
483
(180)
1,655
489
(10,469)
(483)
1.441
345
76
95
1,517
301
715
(139)
(1,300)
619
1.047
349
2.555
11,034
(12,391)
1,824
3,022
Total of funds
3,175,995
299,011
(265,579)
3,209,427
Statement of funds - prior year
Page 22

TRINITY CHURCH LEP GOSFORTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
16. Statement of funds (conllnued)
Balance at
I Septembar
2022
Balance at
31 Augusl
2023
Transfers
in/oul
Income Expenditure
Unrestrlcted funds
Deslgnated funds
Community Centre
Internal organisations
Winter fuel allowance
Legacy
Dr Anne Graham
39,627
1,218
1,340
11,163
31,021
21,826
6.330
(28, 170)
(1,930)
(5, 500)
(3,641)
27, 783
1,977
1.340
11,163
31,021
84, 369
28,156
(30, 100)
(9, 141)
73, 284
Gengral funds
General funds
5,000, 994
253,468
(223, 917) (1, 967, 999) 3, 062,546
Total Unrestrlcted funds
5, 085,363
281,624
(254,017) (1,977, 140) 3. 135.830
Endowment funds
Endowment funds
3T,610
1,193
(107)
(1, 086)
37,610
Restrlcted funds
Bequests
Exlemal collections
291
(1)
(16, 128)
(670)
{146)
3,577
150
12.551
310
48
Leaving collections
Isla fund
Men's shed
Flower fund
360
1.393
47
996
1,441
345
619
1,386
610
(1,288)
(1, 241)
200
254
3.087
14,911
(19,328)
3, 885
2,555
Total of funds
5, 126,060
297, 728
(273,452) (1,974,341) 3, 175.995
Page 23

TRINITY CHURCH LEP GOSFORTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
17. Summary of funds
Summary of funds - current year
Balance at 1
Septembar
2023
Balance at
31 August
2024
Transfers
Inlout
Incomo Expondltur8
Designated funds
General funds
Endowment funds
Restricted funds
73.284
3,062,546
37,610
2.555
24,594
261,502
1,881
11,034
(16,539)
{236,649)
(8,581)
8,638
(1,881)
1,824
72,758
3,096,037
37.610
3,022
(12,391)
3,175,995
299,011
(265,579)
3,209,427
Summary of funds . prlor year
Balance 81
I September
2022
Balance a¢
31 Augusl
2023
Transfers
in/oul
InGome Expenditure
Designated funds
General funds
Endowment funds
Restricted funds
84,369
5, 000,994
37,610
3,087
28,156
253,468
1. 193
14,911
(30. 100)
(9. 141)
73,284
(223,917) (1, 967,999) 3,062.546
(107)
(1, 086)
37,610
(19,328)
3,885
2.555
5, 126,060
297, 728
(273, 452) (1, 974, 341) 3, 175.995
Page 24

TRINITY CHURCH LEP GOSFORTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
18. Summary of funds (continuad)
Deslgnatad funds
The Trinity Christian Community Centre is a registered place of Methodist Worship, managed by Trinity
Church LEP, which seeks to provide a community resource for the residents of South Gosforth.
Methodist worship is held at least four times per year and rooms are rented by a variety of communily
groups.
Internal organisations are groups within Trlnity Centre (Trinity Crafts, Trinity Toddlers and Women's
fellowship) which keep their own funds within designated bank accounts. These funds are operated by
separate treasurers who report their inspected accounts for inclusion within the Trinity Centre LEP annual
accounts.
Winter Fuel fund is an unrestricted designated fund. There has been no movement on this fund this year.
Income is In the form of donations from member's Winter Fuel Allowance, for use by the Ministry Team to
alleviate hardship.
In 2016 the Church received a gift from the estate of REW Murray. Thls designaled fund Is to be used to
fund new equipments, decoration or repairslrenovation. £11,163 was brought forward from 2020-21,
There was no movement on the fund this year.
In 2016 the Church received £63,000 from the estate of Dr Anne Graham and a gift from her family. This
was followed by a further £15,871 in March 2018 from a tax refund. The Trustees have agreed that the
total of £78.871 should be held in a fund designated for particular expenditure on larger items. The
balance of the fund has remained at £31,021 during the year.
Restrlctad funds
Bequests have been received from an number of indlviduals over the years. Only one fund now remains.
Its use is restricied by the Methodist Church and the remaining fund totals £489.
Monies collected for exlernal charities are shown In restrlcted funds. At the year end th8rg was no money
collected that had not been paid over.
Leaving collections are funds collected for staff leaving Trinity. The money is then passed to the staff
member concerned and fund5 paid out should match funds receiv&d, leaving a nil balance. Occasionally,
due to the timing of staff departure, there may be a balance carried forward to the next financial year.
Isla was a lovely 2 year old who died suddenly in 2007. A fund was set up in the memory of Isla. with a
view to purchasing outside play equipment for the safe play area. At this stage, the equipment has yet to
be purchased and the balance is carried forward to the next year.
The Men's Shed was set up lo help men with mental health issues, which have been made worse with
the pandemic. It Is expected for the initiative to continue.
The Flower fund money is for the provision of flowers for Sunday service, funerals and weddings. Various
members donate to it in memory of family members etc. After use the flowers are given away .
Transfers
During the year £8,500 was received from the Community Centre fund in to the General fund.
Donations by Church subsidiary groups and the church amounted to net receipls in the church of £2,980.
Page 25

TRINITY CHURCH LEP GOSFORTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
The Endowment fund (Miss Mattie Greenop) transferred £1,881 to the General fund (the CFB General
account) representing income on the fund.
The General fund helped fund the shortfall in external collections and also added any gift aid that could
be applied. This resulted in a transfer of £1,655.
The Flower fund donated monies which received Gift Aid of £169.
Wages for the Community Centre were paid by the church and amounted to £2.899.
19. Analysls of nat assets between funds
Analysls of net assets between funds - current perlod
Endowment Restrlctod Unrestrlcted
fund8
funds
funds
2024
2024
2024
Total
funds
2024
Tangible fixed assets
Current assets
2,852,236
322,181
(5.622)
2,852,236
385.313
{5,622)
(22,500)
37,610
25,522
Creditors due within one year
Creditors due in more than one year
(22,500)
Total
37,610
3,022
3,168,795
3,209.427
Analysls of net assats betweèn funds - prlor perlod
Endowment
funds
2023
Restrlcted Unrestricted
fvnds
funds
2023
2023
Total
fvnds
2023
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
2,856, 783
285, 133
(6,086)
2,856. 783
347. 798
(6,086)
(22,500)
37,610
25,055
(22,500)
Total
37,610
2,555
3, 135,830
3, 7 75.995
Page 26

TRINITY CHURCH LEP GOSFORTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
20.
Pènsion commitments
The Church operates a defined contribution pension scheme. The assets of the scheme are held
separately from those of the group in an independently administered fund. The pension cost charge
represents contributions payable by the Church to the fund and amounted to £1,272 (2023 £1,564).
Page 27