Company registration number 07451704 (England and Wales) Charity registration number 1141078 (England and Wales)
NORTH WEST CHURCH RESOURCES
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
NORTH WEST CHURCH RESOURCES
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Miss A S Lisser Mr J D Popplewell Mr P D C Eustance Mr N J Dickens (Appointed 23 March 2025) Country of incorporation United Kingdom 07451704 (England and Wales) Charity registration England and Wales 1141078 Registered office 12-14 Gildart Street Liverpool L3 8ET Independent examiner Monetta LLP 110-114 Duke Street Liverpool L1 5AG
NORTH WEST CHURCH RESOURCES
CONTENTS
| Page | |
|---|---|
| Trustees report | 1 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 12 |
NORTH WEST CHURCH RESOURCES
REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 AUGUST 2025
The Trustees present their annual report and financial statements for the year ended 31 August 2025.
The trustees, who are the directors for the purpose of company law, present their annual trustees' report with the financial statements of the charitable company for the year ended 31 August 2025 which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes. The legal and administrative information set out on page 1 forms part of this report.
The Financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting for Smaller Entities.
In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission’s guidance on public benefit, including the guidance ‘public benefit: running a charity (PB2). The charity relies on the income from rents and charges to cover its operating costs. Affordability and access to our facilities is important to us and is reflected in our pricing policy.
Our purposes, activities, achievements and performance
The purpose of the charity are the promotion of the Christian religion through the provision of facilities, resources, education and training to churches, individuals and other charities.
The principal charitable activity undertaken during the period, which reflects our purposes and objectives, was the rental of 12-14 Gildart Street, Liverpool, which has been used extensively by Christ Church Liverpool as well as by other Christian charitable and community groups for the purposes of education, training, worship and outreach.
Our facilities and spaces continue to be well used by Christ Church Liverpool, UCCF: The Christian Unions and other Christian Unions based at various universities in Liverpool as well as other local community groups. Christ Church Liverpool have agreed a monthly contribution towards the rental of 12-14 Gildart Street for their use of the building.
A number of groups have rented our facilities and spaces for educational sessions, missions and leisure uses.
While the property is working well to achieve the aims of the organisation, renting a building is not a permanent decision and brings both practical and financial challenges. The trustees are keen to purchase a building that would better serve the longer term needs of the organisation’s that use the premises.
On 6th June 2023 the previous property owned by North West Church Resources, 2 Blackburne Place was sold for £821,500. A proportion of these funds were used for legal and moving costs to 12-14 Gildart Street however the majority (£675,000) has been placed into a separate account to protect the finances of North West Church Resources.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the should undertake.
Financial review
The financial activities for the period and financial position of the charitable company are as shown in the annexed financial statements. The charity, with the aid of sound financial management and the support of volunteers continues to provide much needed services. The total funds as of 31st August 2025 are £458,154.
Fundraising continues to be a priority for the trustees and there is a desire to maintain and increase income from the hire of available spaces within the building along with more targeted approaches to obtain grant funding alongside targeted fundraising through the organisations making most use of the facilities to assist with the provision of further facilities to further the charitable aims of the organisation. The trustees continue to consider the future requirements. This is now further impacted by the impact of inflation and most significantly in the year by increases in energy costs.
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NORTH WEST CHURCH RESOURCES
REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025
Reserves policy
Reserves are needed to bridge the gap between the spending and receiving of income and to mitigate loss during the period of renting. The trustees consider that the ideal level of reserves to protect the finances from the sale of 2 Blackburne Place would be in the region of £675,000.
The charity currently rents 12-14 Gildart Street, and the trustees are in agreement that property ownership would provide long term security, reduce future rental costs, and enable the expansion of opportunities.
The trustees are confident in the charity’s status as a going concern. Budgets and cash flow forecasts have been prepared for the coming 12 months, and with the monthly contributions from Christ Church Liverpool, the charity is in a good place.
Plans for future periods
Looking to the next year, the Trustees hopes and prayers are that we can continue to use 12-14 Gildart Street as an effective resource for Christian education and training, whilst mitigating any financial impact that renting can have. In addition, we will be continuing to look for a property to purchase to better align the physical resources available.
Structure, governance and management
North West Church Resources is a charitable company limited by guarantee governed by its Memorandum and Articles of Association dated 25 November 2010. It was incorporated on 25 November 2010 and registered as a charity on 1 April 2011. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity.
At any time there must be a minimum of 3 trustees. New trustees are appointed by a ballot of members or by a resolution of the trustees. Their appointment is effective upon completion of the relevant Companies House and Charity Commission paperwork. The trustees meet regularly and are responsible for the strategic direction and policy of the charity. There is a shared responsibility for ensuring that the charity delivers the services specified, that key performance indicators are met and that all appropriate individuals continue to develop their skills and working practices in line with good practice. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.
The trustees who served during the year and up to the date of signature of the financial statements were: Miss A S Lisser
Mr J D Popplewell Mr P D C Eustance Mr N J Dickens (Appointed 23 March 2025)
Recruitment and appointment of trustees
The trustees are appointed by the members in accordance with procedures set out in the Memorandum and Articles of Association.
The trustees seek to ensure that the needs of the user groups are appropriately reflected through the diversity of the trustee body. The trustees are familiar with the practical work of the charity and are encouraged to attend regular update sessions.
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NORTH WEST CHURCH RESOURCES
REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025
Risk Management
The trustees have a risk management strategy which comprises: an annual review of the principal risks and uncertainties that the charity faces; the establishment of policies, systems and procedures to mitigate those risks identified in the annual review; and the implementation of procedures designed to minimis or manage any potential impact on the charity should those risks materialise.
Financial sustainability is the major financial risk for the charity. A key element in the management of financial risk is a regular review of available liquid funds to settle debts as they fall due and active management of trade debtors and creditor balances to ensure sufficient working capital is available.
Attention has also been focused on non-financial risks arising from fire, health & safety and hygiene. These risks are managed by ensuring procedures and accreditations are up to date, having robust policies in place, and regular awareness training for those involved.
Trustees' responsibilities in relation to the financial statements
The charity trustees (who are also the directors of North West Church Resources for the purposes of company law) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements, the trustees are required to:
• select suitable accounting policies and then apply them consistently;
• observe the methods and principles in the Charities SORP;
• make judgements and estimates that are reasonable and prudent;
• state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue on that basis.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the special provisions of the Companies Act 2006 relating to small companies.
The report was approved by the Board of Trustees.
Miss A S Lisser
15 June 2026
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NORTH WEST CHURCH RESOURCES
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NORTH WEST CHURCH RESOURCES
I report to the Trustees on my examination of the financial statements of North West Church Resources (the ) for the year ended 31 August 2025.
Responsibilities and basis of report
As the Trustees of the (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial statements of the are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the ’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
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 material respect:
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1 accounting records were not kept in respect of the as required by section 386 of the Companies Act 2006.
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or
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4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and 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 financial statements to be reached.
Keith Miller FCA
Monetta LLP
110-114 Duke Street Liverpool L1 5AG 15 June 2026
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NORTH WEST CHURCH RESOURCES
STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 AUGUST 2025
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 3 | 1,100 | 500 |
| Charitable activities | 4 | 45,935 | 38,628 |
| Investments | 5 | 18,776 | 5,408 |
| Total income | 65,811 | 44,536 | |
| Expenditure on: | |||
| Charitable activities | 6 | 44,720 | 56,101 |
| Total expenditure | 44,720 | 56,101 | |
| Net income/(expenditure) and movement in funds | 21,091 | (11,565) | |
| Reconciliation of funds: | |||
| Fund balances at 1 September 2024 | 437,063 | 448,628 | |
| Fund balances at 31 August 2025 | 458,154 | 437,063 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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NORTH WEST CHURCH RESOURCES
BALANCE SHEET
AS AT 31 AUGUST 2025
| 2025 Notes £ Current assets Debtors 12 10,687 Cash at bank and in hand 746,816 757,503 Creditors: amounts falling due within one year 14 (299,349) Net current assets The funds of the Unrestricted funds 15 |
2024 £ £ 13,226 718,443 731,669 (294,606) 458,154 458,154 458,154 |
£ 437,063 |
|---|---|---|
| 437,063 | ||
| 437,063 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2025.
The directors acknowledge 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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Trustees on 15 June 2026
Miss A S Lisser
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NORTH WEST CHURCH RESOURCES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
1 Accounting policies
Charity information
North West Church Resources is a private company limited by guarantee incorporated in England and Wales. The registered office is 12-14 Gildart Street, Liverpool, L3 8ET.
1.1 Basis of preparation
The financial statements have been prepared in accordance with the 's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The is a Public Benefit Entity as defined by FRS 102.
The has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements are prepared in sterling, which is the functional currency of the . Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject 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 financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the .
1.4 Income
Income is recognised when the 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 receipt. Other donations are recognised once the has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations 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 has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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NORTH WEST CHURCH RESOURCES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025
1 Accounting policies
(Continued)
1.5 Expenditure
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 are allocated on the portion of the asset’s use.
1.6 Tangible fixed assets
Tangible fixed assets are initially 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 less their residual values over their useful lives on the following bases:
Fixtures and fittings 25% on cost Freehold Property 2% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits 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 within borrowings in current liabilities.
1.8 Financial instruments
The 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 's balance sheet when the becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
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NORTH WEST CHURCH RESOURCES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025
1 Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the ’s contractual obligations expire or are discharged or cancelled.
1.9 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2 Critical accounting estimates and judgements
In the application of the ’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Donations and gifts | 1,100 | 500 |
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NORTH WEST CHURCH RESOURCES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025
4 Income from charitable activities
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Charitable activities | |||
| Rents and facility charges receivable | 45,935 | 38,628 | |
| 5 | Income from investments | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Interest receivable | 18,776 | 5,408 | |
| 6 | Expenditure on charitable activities |
| Charitable | Charitable | |
|---|---|---|
| activities | activities | |
| 2025 | 2024 | |
| £ | £ | |
| Direct costs | ||
| Rent | 29,762 | 21,880 |
| Rates, Water and permits | 476 | 3,685 |
| Utilities | 3,524 | 3,536 |
| Telephone and communications | 871 | 2,710 |
| Repairs, maintenance and cleaning | 8 | 5,459 |
| Management charge | 6,000 | 6,000 |
| Insurance | 399 | 445 |
| Bank Charges | 42 | 63 |
| Statutory filing fees | 34 | 13 |
| Professional fees | 2,434 | 11,206 |
| 43,550 | 54,997 | |
| Share of support and governance costs (see note 7) | ||
| Support | 1,170 | 1,104 |
| 44,720 | 56,101 | |
| Analysis by fund | ||
| Unrestricted funds | 44,720 | 56,101 |
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NORTH WEST CHURCH RESOURCES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025
7 Support costs allocated to activities
| 7 Support costs allocated to activities |
||
|---|---|---|
| Governance costs Analysed between: Charitable activities 8 Net movement in funds The net movement in funds is stated after charging/(crediting): Fees payable for the independent examination of the charity's financial statements |
2025 £ 1,170 1,170 2025 £ 1,170 |
2024 £ 1,104 |
| 1,104 | ||
| 2024 £ 1,104 |
9 Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the during the year.
10 Employees
The average monthly number of employees during the year was:
| 2025 | 2024 | |
|---|---|---|
| Number | Number | |
| Total | - | - |
There were no employees whose annual remuneration was more than £60,000.
11 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
12 Debtors
| Amounts falling due within one year: Other debtors Prepayments and accrued income |
2025 £ 10,500 187 10,687 |
2024 £ 10,500 2,726 |
|---|---|---|
| 13,226 |
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NORTH WEST CHURCH RESOURCES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025
13 Loans and overdrafts
| Loans and overdrafts | ||
|---|---|---|
| Other loans Payable within one year Creditors: amounts falling due within one year Borrowings Trade creditors Accruals and deferred income |
2025 £ 292,300 292,300 2025 £ 292,300 - 7,049 299,349 |
2024 £ 292,300 |
| 292,300 | ||
| 2024 £ 292,300 1,346 960 |
||
| 294,606 |
14 Creditors: amounts falling due within one year
15 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 | Incoming | Resources | At 31 August | |
|---|---|---|---|---|
| September | resources | expended | 2025 | |
| 2024 | ||||
| £ | £ | £ | £ | |
| General funds | 437,063 | 65,811 | (44,720) | 458,154 |
| Previous year: | At 1 | Incoming | Resources | At 31 August |
| September | resources | expended | 2024 | |
| 2023 | ||||
| £ | £ | £ | £ | |
| General funds | 448,628 | 44,536 | (56,101) | 437,063 |
16 Related party transactions
None of the trustees receive remuneration or other benefit from their work with the charity and any contractual relationship with a related party must be disclosed to the full board of trustees. In the current year, no such related party transactions were reported (2024 - none).
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