## Grace Church Gateshead Report and Accounts Year ended 31 December 2022 1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk GRACE CHURCH GATESHEAD YEAR ENDED 31 DECEMBER 2022 LEGAL & ADMINISTRATIVE DETAILS ADDRESS FOR CORRESPONDENCE 186 Rawling Road Gateshead Tyne & Wear NE8 4QU GOVERNING DOCUMENT CIO- Foundation registered 1 November 2013 as amended 16 May 2019 CHARITY REGISTRATION NUMBER 1154440 TRUSTEES D Martin D Hewer J Merton BANKERS Lloyds TSB PO Box 1000 Andover BX1 1LT INDEPENDENT EXAMINER Archie McDowall BA CA Stewardship 1 Lamb's Passage LONDON EC1Y 8A8 INDEX Page 1 Pages 2-3 Page 4 Page 5 Page 6 Page 7 Legal & Administrative Details TrLJStees' Report Independent Examiner's Report Receipts and Payments Account Statement of Assets & Liabilities Notes to the Accounts Page 1 GRACE CHURCH GATESHEAD REPORT OF THE TRUSTEES YEAR ENDED 31 DECEMBER 2022 The Trustees have pleasure in submitting the Report and Accounts lor the year. Objeet$ of the ¢harlty The object ol the CIO is, for the public benefit, to advance the Christian faith in Gateshead and in such other parts ol the United Kingdom and the world as the charity Iruslees may from lime to time decide. Govemment The policy and operating decisions of the charity rest with the Trustees who meet regularly lo monitor the activities ol the charity. New Iruslees are appointed by the elders of the churchlby the Trustees. Grace Church Gateshead belongs to the following networks ol ¢hur¢hes'. the North East Gospel Partnership lo¢ally- the Fellowship of Independent Evangelical Churches nationally,. and the Acts 29 network globally. In May 2019, the charity formally changed its name lo Grace Church Gateshead. The CIO constitution remained unchanged. Revlew of A¢tlvltle$ In 2022 Grace Church Gateshead has continued to promote the Christian faith in Gateshead. The Trustees have had regard to the Charity Commission's guidance on public benefit, and are pleased lo give the following summary ol aclivilies. The church has continued to hold weekly Christian worship services, open to all the public. These have enabled people in the local community lo participate in shared Christian worship. The Bible leaching al these Sunday gatherings Continues lo demonslrale the importance and relevance ol the historic Christian lailh to numerous Current issues, including mental health, marriage, family and relationships, and above all peace with God. In addition, the relationships and sense of community fostered through church life continue lo provide a significant means ol support lor those connected to the church. Grace Church Gateshead has continued to promote the Christian faith for the public benefit by holding weekly public Christian worship services, open to all in the community. The church has been a key source of support for many local residents through 2022. Page 2 Flnan¢lal Revlew The charills principal source ol funding Comes from donations made by the church Congregation. Total income in the year was £73,944 12021.. £50,541 1 and expenditure was £51,322 12021.. £46,573) giving a nel surplus this year of £22,623 12021= £3,968). The cash balance brought forward at the beginning ol January was £25,806, leaving a closing cash balance of £48,429 01 which £36,166 was unreslricled funds. Reserves Poll¢y We aim lo hold 6 months ol operating expenses in reserve, lor crisis and contingencies, which currently equates lo £29,196. At present our unrestricted reserves are £36,166. Tru$tees re$pon$lbllltle$ Charity law requires us as Trustees lo prepare financial statements lor each accounting year which r￿ord the receipts and payments ol the charity lor the year. We are responsible lor keeping proper accounting records which disclose with reasonable accuracy at any lime the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011. We also have a responsibility to safeguard the assets of the charity and to lake reasonable steps to prevent fraud or any other irregularities. Approval This report was approved by the trustees on and signed on their behalf by.. D Martin Dale.. 13 September 2023 Page 3 ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF** ## **GRACE CHURCH GATESHEAD** I report to the trustees on my examination of the accounts of Grace Church Gateshead ('the charity') for the year ended 31 December 2022 on pages 5 to 7 following. ## **Responsibilities and basis of report** As the trustees 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 charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner’s statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in accordance with section 130 of the 2011 Act; or 2. the accounts do not accord with the accounting records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. ## **Archie McDowall** Archie McDowall BA CA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB Date: 18 September 2023 Page 4 GRACE CHURCH GATESHEAD RECEIPTS AND PAYMEKfs ACCOU YEAR ENDED 31 DECEMBER 2022 General FU￿15 ReStr￿ted FurKIs 2022 2021 Note5 Incgme recelpts Oonations Tolal recelpls 15,000 15,000 73,944 73,944 50,541 50,541 Payments Payrnents relation to charitable activrties undertaken directly 46.815 4,507 51,322 43,498 Grants paid in relation to charitable activities undertaken by others Total paymenls 3,075 46,573 46.815 4.507 51.322 Net ol receipts I Ipayrnentsl b8loTe transfers 12,130 10,493 22.623 3,968 Transfers behYe8n funds Net movoment In funds 12.130 10.493 22.623 3,968 Cash funds as at last year end Cash lunds at thls yaar Ond 24.036 1,770 25.806 21,838 36.166 12.263 48.429 25.806 The notes on pages 7 form part of these accounts. Page 5 GRACE CHURCH GATESHEAD STATEMENT OF ASSEfs AND LIABILITIES YEAR ENDED 31 DECEMBER 2022 General funds Restricted funds 2022 2021 A C•$h lund8 Cash at bank 36,166 12,263 48,429 25,806 B Llobllltl&$ F¥lllng due wlthln one yt•r: Mortgage Unbilled fee for Independent Examination 3,472 720 3.472 720 3,418 720 Falllng due attor ont )**r: Mortgage 24.246 24,246 24.246 24,246 26.565 26,565 The mortgage abov8 relates to Grove Chapel, Rawling Road and is repayable over 11 years at £3,418 per year. C Assets retalned lor charltyg own use Fund to which asset belongs Current value Land and buildings - Grove Chapel Fixtures, furniture and equipm&nl General General 402,056 19,049 421105 The trustees have used insurance values as the trustees are unable to reliably 8Stimat8 current values; insurance values may differ mat&rially from current values. D Guarante•s and s•cur•d debts The outstanding balance on the charity's mortgage Isee Note Bl is secured on tha charity's property (see Note Cl. No guarantees havo been mada, which result in an outstanding potential liability as at the y&ar-&nd dale. The accoLJnls were approved by the trusteos and signed on their behalf by D Martin Date.. 13 Sèptembèr 2023 Thè notès on pagès 7 lomi part ol Ihèsè aeeounts. Page 6 GRACE CHURCH GATESHEAD NOTES TO THE Acc¢wHr$ YEAR ENDED 31 DECEIABER 2tr22 1 Accounllng poll¢les The accounts have been prepared on a recwpts and payments bays and Comp￿ a stalefflwrt thal shows the chalivs receipts and payments. a slalement that sumfflarise5 Ihe charitys assets arKI lithlilies and rdaled notes. The accountancy profession have delermined that only a(wun15 prepare