Charity re8lStration number 1146665 Company reglstration number 07848581 (England and Wales) GEFC lIm￿ED ANNUAL REPOIIT AND UNAUDrrED FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 MARCH 2025 GEFC LIMITED LEGAI AND ADMINISTRATIVE INFORMATION Tru5tee5 Mr David Beelev Dr Morris Gallagher Mr Donald Sinclalr Mr J D S Morgai) Charity nurnber 1146665 Company number 07A4115AI Reglstered offlce 10 Glendale Gardens Gateshead NE9 55A Independent examlner rc Group A6 Kingfisher House Kingswav Team Valley Trading Estate Gateshead NEIIOJQ GEFC LIMITED CONTENTS Page Tru5tees' report Independent examiner's report StAtement of financial activities Balante sheet Notes to the financial staternents 7-12 GEFC LIMITED TRUSTEES, REPORT (INCLUDING DIRECtORS' REPORTI FOR THE YEAR ENDED31 MARCH2025 The trustees present their annual report and financial statement5 for the year ended 31 March 2025. The linanciol stoternent. have been prepared in occordance with the uccountinE policies Jet out in note I to the financial staternent5 and cotnply with the Iharity's Memorandurn and Article5 of A550ciation, the Companies Act 2W6 and "Accounting and Reporting by Charities.. Statetnent of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 leflective I january 20191. Objectives and activit12S The charity's objects are lor the public benefit to advance the Christian faith in accordance with the statement of belief5 in Tyne & Wear and in such parts of the ilnited Kingdam and the world as the trustees from tirne to time may thlnk fit. The charity wlll fulfil such other purp05e5 which are eMclu51vely charltable according to the law ol Enejand and Wales and are connected to the charitable work of the charitv. The church 15 community based and is open to all to become involved. Public benèllt The trustees have paid due re8ard to 8uidance issued by the Charity Commission in deciding what activities the charity undertakes, Activitie5 The strategies employed to achieve the charity's aims and objectives are to hold weekly services Wlth a variety ol speaker5 who provide insight and education into religion make donatlons on a plannèd bas15 to projects adopted by the church rnake donations to projects in need following natural disasters or those facing hardship employ church worker5 to visit and support church and corrmunity mernbers and pursue the objecis of the charity Achlevemems and performance gnificont uctivitie5 and ochievement5 ogoinst objectives The charity continued employing one leader on a part-time basis supporting the local community and pursuing the object5 of the chérity, The charity held Week￿ meetlngs to hear speakers and contèmplat* all aspects ol the Chrlstlan Falth. Monies were glfted to projects in or operated by G LeEdEr 2,520 1,000 245 Michael Griffiths Samaritan's Purse Other- including hardship 8rants OMF International FIEC 3,571 2,520 500 GEFC LIMITED TRUSTEES, REPORT (INCLUDING DIRECtORS' REPORTI ICONTINUEDI FOR THE YEAR ENDED31 MARCH2025 Hnanclal revlew The charity eifted in total £10,356 and used £36.617 on salaries and operating costs. Income amounted lo £54,276. There is a healthy bank balance of £82,08312023 £77,684). Liabilities are negligible. Reserves policy Reserve5 are needed to bridge the gap between the spending and receiving of income and to cover unplanned expenditure, The trustee5 in line with Charity Commission guidance seek to have a minimum of si% months expenditure in reserves. This tarRet ha5 been achieved. The trustees do not believe going concern is an issue in the next twelve months Eiven the careful financial management employed by the charity and level of monies held in the bank. Mojorrisks The trustees have asse55ed the major risks lo which the charity is exposed, 3nd are satlsfied that systems are in place to rniti6ate exposure to the major rlsks. Structure* 8overnan¢e and rnana8ement The organisation 15 a charitable company limited by guarantee, incorporated on 15 November 2011 and registered as a charity on 29 March 2012. The company wa5 established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of association. In the event of the company being wound up members are required to contribute an arnount not The trustees, w eedin oar so the directors for the purpose of cornpany law, and who Served during the year and up to the date of signature of the financial statements were.. Mr David Beelev Dr Morris Galla8her Mr Matthew Hopper Mr Donald Sinclair Mrl Dsmorgan (Resigned 16 lune 2024 e¢Nitmeni ond appointment of irustee5 The direitor5 ol the company are a150 charity tru5tee5 for the purpose of charity law. The trustees ¢ontinually audit the available skills ol the board and look to acquire new trustees with different skills and emperiences which can asSlSt in the &rowth of the or8anisation. Recrultment is by approach and word of mouth. The charity has a management comrnittee 016 members who communicate on 3 regular basi5. The company's current policy concerning tho payment of trade creditors is to follow the CBI'S Prompt Payers Code Icopie5 are available from the CBI, Centre Point. 103 New O)rford Street, London WCIA IDUI. The company'5 current policy concerning the payment of trade creditors is to.. Settle the term5 of payment with Suppliers when agreeing the term5 of each tran5aCtion,' ensure that supplier5 are rnade aware ol the term5 of paytnent by inclusion of the relevant terrn5 in contract5., and pay in accordance with the company's contractual and other legal obligations. GEFC LIMITED TRUSTEES, REPORT (INCLUDING DIRECtORS' REPORTI ICONTINUEDI FOR THE YEAR ENDED31 MARCH2025 The rrustees, report Wès approved by the Board of Trustees. Mr David Beelev Trustee 215eptember 2025 GEFC LIMITED INDEPENDENT EXAMINER'S REPOIIT TO THE TRUSTEES OF GEFC LIMITED I report to the trustees on my examination of the financial statements of GEFC Limited Ithe charityl for the year ended 31 March 2025. Responslbllitles and basls of report As the trustees of the charity land also its directors for the purposes of company lawl you are responsible for the preparation of the financial Statements in acrordance with the requirernents of the Companies Act 2006 (the 2W6 Actl. Having 5at15fied my5ell that the financial 5talement5 of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible lor independent examination, I report in respecl of my examination of the chaiity's financial statements ¢Jrried out under se¢tion 145 olthe Charities A¢t 2011 Ithe 2011 A¢tl, In ¢arrying out my examination I have followed all the applicable Directitrns given by the Charlty Commission under section 1451511bl of the 2011 Act. Independent examiner's statement I have completed my exarnination, I conf5rm that no matters have come to my attentSon in connection with the examination glvlng me cause to bèlieve that in any materlal respect.. accounting record5 were not kept in respect of the charity a5 required by sertion 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 requlrements of sectlon 396 01 the 2006 Act other than any requirement that the accouNtS Bive a true and fair view which is not a matter considered a5 part of an independent examination; or the financial statements have not been prepared in accordance with the methods and principle5 of the Statement of Recommended Piactice for accountin8 and reportin8 by charitie5 applicable lo charities preparin8 their a￿ount5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other mairers in connection with the examiiiation to which attention should be drawn in thi5 report in order to enable a proper understanding of the financial statements to be reached. TC Group A6 Kingfisher House Kingsway Team Valley Trading Estate Gateshead NEII OIQ Dated.. 21 September 2025 GEFC LIMITED StATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED31 MARCH2025 Unrestrlctèd Unrestrlctèd funds funds 2025 2024 Notes Income and endowments Irom: Donation5 and legacie5 Investmenis 45,949 1,974 1,402 53,687 1,189 620 Other Income Total income 49,325 55,496 Expendlture on: Charitable activitles 48,377 40,638 Totsl ¢xpendltur¢ 48,377 40,638 Net income and movement in funds 948 14,858 Reconciliatlon of funds: Fund balances at l April 2024 87,457 72,599 Fund b8lantes at 31 March 2025 88,40S 87,457 The statement of flnanclal activlties Includes all galns and105ses recognSsed Sn the year. All Income and expendlture derlve from continuing activities. GEFC LIMITED BALANCE SHEE[ A5 A T31 MARCH 2025 2025 2024 Noles Current asset$ Debtors io 8.434 82,083 10,856 77,684 Cash ar bank and In hand 90,517 88,540 Crèditors: amounts fallin8 due within one year li 12,1121 11,0831 Net current ass•ts 88,405 87,457 Net assets ex¢ludSn8 penslon Ilablllty 88,405 87,457 The funds of the charlty Unrestricted funds 88,405 87,457 88,405 87,457 Thè compèrty Is entitled to the exèmpllon from the audit requirement contained in section 477 of the Companies Art 2006, for the year ended 31 March 2025. The directors acknowledge their re5pon5ibilities for complying with the requirernents of the Companies Act 2Q06 with respect to accounting records and the preparation of financial statements. The membèrs have not required the cornpany to obtaln an audit ol its flnanci31 statements for the year In questlon in accordance with section 476. Thtse flnanclal stat*ment5 havt b*tn pr*par*d in accordance with the provislons applScable to companles subject to the small companies re8ime. The financial statements were approved by the trustees on 21 September 2025 Mr Davld Beeley Trustee Company registration number 07848581 (England and Wales) GEFC LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31 MARCH2025 Accountlng pollcies Charlty Infowmatlon GEFC Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 10 Glendale Garden5, Gateshead, NE9 5SA. 1,1 Ac¢ountin8 ¢onventiorn The linaniial statement5 have been pr2pared in accordance with the chaiitV'5 Memorandum and Articles of Association, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic ol Ireland" I'FRS 102-1 and the Charitiès SORP "Acc¢untin8 and Reporting by Charities.. Statement of Recommended Practice applicable to charities prep3rlng their accounts in accordJnce with ihe Financial Reporting Standard applicahlp in thp UK Anfl Rppiiblic of Ireland IFRS 10?>" leffectivp 1 laniiary ?n191. The charity is a PiJbli¢ Flpnpfit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SQFP for charities not to prepare a Statement of Cash Flows, Thè flnantlal starèments arè prepared in sterllng, whleh Is the functlonal currency of thè Charlty. Monetary amounts in these financial statement5 are rounded to the nearest £. 1.2 Golng ¢on¢ern At the time of appravine the finantial statements. the trustees have a roasonable expectation that the charity ha5 adequate resource5 to continue in operational existence forthe foreseeable future. Thus the trustees continue to adopl the golng concern basis of accounting In preparlng the financial statements. 1,3 Charitable lunds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted fund5 are subject to specific condition5 by donor5 or 8ranlor5 a5 to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statement5. Endowment funds are subject to specific condltions by donus that the capltal must be malntained by the charity. 1.4 Income Income 15 recognised when the charity is legally entitled to it after any perforrnance conditions have been met, the arnount5 can be measured reliably. and it is probable that income will be received. Cash donations are recognised on receipt. Income tax recoverable in relation to donations received under Gift Aid or deeds ol covenant is recognised at the time of the donation. Legacie5 are recognised on receipt or otherwise if the charity has been notified ol an impending distribution, the amount is known, and receipt is expected. It the amount 15 not known, the legacy 15 treated as a contingent aS5et. GEFC LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED31 MARCH2025 Accountlng pollcles Icontlnuedl 1.5 Expenditure Expenditure is recognised once there 15 a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefit5 will be required in settlement. and the amount of the obligation can be measured reliably. Expenditure 15 clas5ifled by actlvlty. The costs of each activity are made up of the total of dlrect costs and shared costs, including support ¢osrs involved in undertaking each activily. Oirect costs &trribut3ble to a single activity are allocated directly to that activity. Shared c05t5 which contribute to more than one activity and support costs which are not attributable to a single attlvity are apportloned between those attivities on a basls consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the pDrtlon of Ihe dSSet'S Use. 1,6 Cash and cash equSvalents Cash and cash equivalents include cash In hand, deposlts held at call with banks, other short-term Ilquid Investments with original maiurities of three months or less, and bank overdralts. flank overdrafts Bre shown within borrowing5 in current liabilitie5. 1.7 Flnanclal Instrurnents The charity has elected to apply the provisions ol Section Il'Ba5ic Financial Instruments, and Sèction 12'0thÈr Finantial Instruments Issues, of FRS 102 to all of its linanclal instruments. Financial instruments are recognised In the charity's balance sheet when the charity becomei party to rhe ontractual promsions of the instrurnent. Flnanclal assets and liabilities arè offset, with the net amounts presented In the financlal statements, when there Is 3 legally enforceable right to set off the recogni5ed amounts and there is an intention to settle on a net ba515 or to realise the asset and settle the liabillty simultaneously, Bosl¢llnonclol ossets Basic financial assets, which include debtors and cash and bank balances, are initiilly measured at transaction price includlng transactlon costs and are subsequently carried at amortlsed cost using the effectlve Interest rnethod unless the arran8erneni constitutes a financin8 transaciion, where the transacrion is measured at the presenr value of the future receipt5 discounted at a marker rate of interest. Financial assets classified as receivable within one year are not amortised. BoslcAln4nclal Ilubllltles Basic financial li2bilities, including creditors and bank103n5 are initially recognised at rransaction 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, usinE the effective interest rate method. Trade creditors are obligations to pay lor goods or services that have been acquired in the ordinary course of operations from supplier5. Amounts payable are classified a5 current liabilities if payment 15 due within one year or le5s.11 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 rnethod. GEFC LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED31 MARCH2025 Accountlng pollcles Icontlnuedl Der￿OgnItIon olflnunciul Ilabllltles Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.8 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Income from donatlon5 and legacles Unrestricted Unrestricted funds 2025 funds 2024 Donations and gifts 45,949 53,687 Income from investments Unrestrlcted Unrestrlcted funds funds 2025 2024 Interest receivable 1.974 1.189 other Income Unrestrlcted Unr•strlcted funds funds 2025 2U24 Employrnent allowance 1,402 620 GEFC LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED31 MARCH2025 Expendlture on charltable actlvltles HeadSn8 #ac982 Headlns #ac982 2025 2024 Direct ¢osts Staff costs Church activitle 22,579 7,095 1,210 681 15.574 6,676 1.450 2.153 207 253 2.162 5,837 472 Speakers IT and Audio-visual Safeguardin Travel costs Marketing and offlce costs Rent 280 220 2,248 6,035 472 Insurance Sundry Accountancy Activities Other prDfessional services Legal and professional other charitable expenditure 1,400 1,270 995 828 627 434 sio 3,265 2,150 48,377 40.638 Analysls by fund Unrestricted funds 48,377 40,638 Church activities Churth actlvltles Trustees None ol the tr(Jstees lor anv persons connected with Iheml received any remuneration or benefits from the charity during the year in relation to their role as trustee. 10- GEFC LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED31 MARCH2025 Employees The overuge monthly number of employeeu during the yeur wa5.. 2025 2024 NuM￿r Number Support stall Employment C0515 ZOZ5 2024 Wage5 and 5alarie5 Other pension costs 20,654 1,925 14,215 1.359 22.57Y 15,574 There were no employees whose annual remuneration was more than £60.000, Taxation The ¢harlty1s exempt from laxalion on Its actlvltles because all Its income is applled for chariiable purposes. 10 D•btors Z025 Z024 Amounts lallln8 due wlthln one year: Other debtors 8,434 10,856 11 Credltors: amounts falllng due wlthln one year 2025 2024 Other taxation and social security Accrua15 and deferred income 1,202 910 255 828 2,112 1,083 11 GEFC LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED31 MARCH2025 12 Retlrement beneflt scheme5 2025 2024 Deflned contributlon schemes Charge to profit or loss In respect of defSned contrlbution schemes 1,925 1,359 The charity operates a defined contribiition pension scheme for all qualifying emrAoyees. The assets of ihe scheme are held separately from those of the charity in an independently administered fund. 13 Unrestrfrted lunds The unrestricted fund5 of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and Braniors as ro hDW they may be used. These in¢lvde designated funds which have been set aside out of unrestricted funds by the trustees for specific purpose5. At l Apill 2024 IncomSnq resources R•wurc•s expended At 31 March 2025 General funds 87.457 49,325 148,3771 88.405 Prevlous year: At l Apill 2023 In¢omlng resources Rewur¢•s expende At 31 March 2024 General funds 72,599 55,496 140,6381 87.457 14 Related party iransactlons There were no dlstlosable related party transactlons during the year12024- none). 12- This document was delivered using electronic communications and authenticated in accordance with the registrar's rules relating to electronic fonn, authentication and manner of delivery under section 1072 of the Companies Act 2006.