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2021-08-31-accounts

North East Churches Acting Together

Annual Report and Financial Statements

Year ended: 31 August 2021

Charity no: 1157138

North East Churches Acting Together Reports and Financial Statements Year ended: 31 August 2021

Contents Legal and administrative information 1 Trustees’ annual report 2-7 Independent examiner's report 8 Statement of financial activities 9 Balance sheet 10 Notes to the financial statements 11-14

Legal and administrative information

Trustees: Dr MA Bonnington Mrs R Maudslay (Appointed 9 June 2021) Mr W Offler Mr D Pigeon Rt Revd M Wroe (Appointed 2 March 2021) Chairman: Dr MA Bonnington Treasurer: D Pigeon Secretary Revd J Thorns Address: 30 Fieldhouse Lane Durham DH1 4LT Independent Examiner: Neil Mullen FCA FCCA Mullen Stoker Ltd Mullen Stoker House Mandale Business Park Belmont Industrial Estate Durham DH1 1TH Bankers: Barclays Bank PLC The North Tyneside Group 3 Northumberland Square North Shields NE30 1QX

1

North East Churches Acting Together

Trustees’ Annual Report for the year ended 31 August 2021

The Trustees present their report and the unaudited financial statements of the charity for the year ending 31 August 2021

Reference and Administrative Details

Name of the charity North East Churches Acting Together Charity number 1157138 Registered office 30 Fieldhouse Lane Durham DH1 4LT

The Trustees

The Trustees who served the Charity during the year ended 31 August 2021 were:

Dr MA Bonnington Mrs R Maudsley (Appointed 9 June 2021) Mr W Offler Mr D Pigeon Rt Revd M Wroe (Appointed 2 March 2021) Regional Officer & Secretary Revd J Thorns Independent Examiner Neil Mullen ACA FCCA Mullen Stoker Ltd Mullen Stoker House Mandale Business Park Belmont Industrial Estate Durham DH1 1TH Bankers Barclays Bank PLC The North Tyneside Group 3 Northumberland Square North Shields NE30 1QX

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North East Churches Acting Together

Trustees’ Annual Report for the year ended 31 August 2021

Structure, Governance and Management

North East Churches Acting Together (NECAT) was registered as a charitable incorporated organisation (CIO) on 21st May 2014. The governing documents are the memorandum and articles of association of the CIO.

Organisational Structure

The Trustees consist of nominated trustees representing the Churches Together groups, the regional denominational ecumenical officers and the Northern Church leaders as well as other appointed Trustees. The Trustees who have served during the year and since the year end are set out on page two. Trustees usually meet four times each year and are responsible for formally monitoring the Charity. Trustees give their time voluntarily and receive no benefit from the Charity. No expenses were reclaimed by Trustees from the Charity during the year.

Tees Valley Ministry

Oversight and financial guidance of Tees Valley Ministry is the responsibility of NECAT.

Objectives

To advance the Christian religion and the promotion of the churches mission in the North East of England for the benefit of church members, local churches, the wider church, and the public generally through:

NECAT is an ecumenical body in the North East of England, serving a region with a distinct culture, spiritual life and selfawareness. NECAT was formed as a result of a review of the ecumenical structures in the North East and a combining of North East Christian Churches Together (NECCT) and The Churches' Regional Commission in the North East (CRCNE).

NECAT seeks to serve the Kingdom of God in the North East by being a partnership of churches and Christian organisations dedicated to answering the call of Jesus Christ and working ecumenically for the renewal of the region through specific and local action to bring about change for the common good.

NECAT's aim and method of working is to encourage and support churches to work together and with other partners both locally and regionally and to identify and release resources which will bring tangible benefits especially to communities and churches working with vulnerable people and groups. Its process within the rich inheritance of the Christian tradition is for action-reflection aimed to bring about changes which will improve the lives of people in local communities and the region. NECAT will offer a voice for the region and its ecumenical vision in national and inter-regional forums. NECAT will be about action to encourage renewal, and the action being undertaken with others wherever possible. Working together will be a catalyst for talking together. Reflection and analysis will follow practical actions benefitting local communities across the region.

More than eighty Churches Together Groups contribute to the NECAT Charity operation, support to all these bodies is provided by the Regional Officer and denominational Ecumenical Officers. These are appointed by the denominations and work across the region, coordinating their work not only through the Local Ecumenical Group (LEG), but also through their own support network.

North East Churches Acting Together works to support the churches of the North East in their relationships with one another and in their wider mission in the world. Our aim is to work in partnership and help to encourage partnership working with churches, voluntary agencies and other public bodies. Partnerships continue to develop between groups of churches who act together and pray together and NECAT continues to give support to Churches Together groups and the like. We continue to be involved in events whose purpose has been to bring those volunteers and agencies working in similar areas to come together for support and to share information.

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North East Churches Acting Together

Trustees’ Annual Report for the year ended 31 August 2021

Churches Together

We currently have 72 Churches Together groups formally registered with NECAT as well as other groups and some subgroups that meet more informally for prayer and fellowship. These vary enormously from groups that have over 20 churches in their organization to those with just 2. The continued impact of the pandemic has meant that many groups have struggled to meet in person and hold events. Some groups have continued to meet virtually for prayer, study and mutual support, but are aware that not being able to meet face to face and hold events has meant that sustaining relationships and momentum for some projects has been hard. Churches Together groups continue to reach out to their local communities and their support is vital in these challenging times. The demand for Foodbanks and other forms of support have grown, but groups are reporting that some regular volunteers have had to step back and that recruiting and training new volunteers has been challenging. Projects have had to find new ways of operating to accommodate Social Distancing rules and measures to prevent the spread of Covid which has meant additional costs and some having to find alternative venues to enable them to open again. Financial challenges have been substantial. Despite all those challenges I have been amazed at the way churches, working together, have responded, quickly implementing new procedures, finding, and training new volunteers, responding to new needs, working in partnership, and continuing to offer support to their community. As soon as they were able groups and churches began to open for Lunch Clubs, Toddler groups, Children’s activities, Coffee mornings and Drop-ins, Street Pastor schemes and much more. This happened alongside continuing to operate Foodbanks and delivery schemes and friendship and pastoral support as well, of course, of local churches beginning to return to normal with regular worship and events in their buildings. During the pandemic we have seen other groups and church groups working in partnership, and Regional Church leaders and NECAT continues to talk with and work with Local Authorities, Members of Parliament, Councilors, schools and other agencies asking where the need was, what could be done and asking how we, as churches could help. Good relationships have been established and we hope we can continue to build on that co-operation.

The Churches Together groups have been very active and innovative in working to provide fellowship and opportunities to learn, pray and worship together and to continue to provide much needed support for their local communities. We can do so much more together than we can do apart.

We recognize the good missional work that Churches acting together provide and all that they do in their communities and as Regional Officer I continue to be available to give any support I can.

Church Leaders

The Northern Ecumenical Church Leaders group has continued to meet regularly online. There is a continued commitment from all to meet frequently for prayers, to update one another on current issues, to share advice and concerns and to liaise with one another across the churches.

This designated Year of Pilgrimage for 2020 saw a number of the planned events transferred to this year. The Northern Saints trails were opened and Church Leaders from the region have taken part in the pilgrimages, meeting with others and sharing stories. You can find more details about the Northern Saints trails on their website, Northern Saints.

The Church Leaders group have also seen the retirement of John Claydon after many years of service as the Regional Minister of the Northern Baptist Association and we have welcomed the Rev Hayley Young as the Transitional Strategic Regional Minister. Bishop Christine, the Bishop of Newcastle has also announced her retirement later in 2021

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North East Churches Acting Together

Trustees’ Annual Report for the year ended 31 August 2021

Ecumenical Officers and the Local Ecumenical Group

NECAT acts as the sponsoring body for the formal ecumenical structures in the North East including the Local Ecumenical Group which has responsibility for reviews of Local Ecumenical Partnerships. The Denominational Ecumenical Officers (DEO) and I continue to meet regularly and to offer support to LEP’s and Covenant Partnerships and other ecumenical structures. Revd. Paul Revill acts as Chair of the LEG group on behalf of the Church Leaders. The number of denominational Ecumenical officers and the hours that those still in post work, has reduced considerably, only one of the officer posts is now paid, the others work on a voluntary basis and so the group is having to rethink the ways in which it gives support and the best way to do this. The Churches Together in England document, ‘A New Framework for Local Unity’ has helped us in these conversations, providing a toolkit for local churches looking at ways in which they can work together both formally and informally. We continue to offer support with reviews, staffing, queries, updates of constitutions and partnership agreements as well as looking at the review procedure and how the reviews might be more purposeful and ask the right questions for the future. We have also share with one another updates on ecumenical partnerships and how we can best support ecumenical mission initiatives such as Thy Kingdom Come, Movement Day that are happening and are planned for the future.

As Regional Officer I have represented the region on the Enabling group of Churches Together in England, attending the two national meetings and several wider consultations and training events held online this year. CTE has held consultations and training events around the issues of Racial Justice, Covid Recovery, Asylum Seekers and Refugees and looking at some of the challenges of working together locally and the issues facing Intermediate Ecumenical bodies such as NECAT. Staff of CTE and National Ecumenical officers were able to meet with the North East Church Leaders and Ecumenical officers to discuss the situation in the North East, asking what is working well and what the issues may be in the future. This is part of their longer-term project to find ways to support Intermediate Bodies around the country. Paul Goodliff, the General Secretary of CTE, will be joining is at our Annual General Meeting in December and CTE have recently announced that Bishop Mike Royal will take up the role of General Secretary in April after Paul’s retirement.

The Northern group of Regional and County Ecumenical officers have also continued to meet, with support from the staff of CTE, sharing resources and advice from across the North of England.

Tees Valley Ministry (TVM)

TVM is a charity set up to work in the Tees Valley to promote and support workplace chaplaincy by supporting volunteer chaplains and being an advocate of the Christian in the workplace. It has been part of NECAT since 2015 and NECAT are working with Regional Church leaders to discern the future direction and projects of TVM.

In Partnership

North East Churches Acting Together is committed to working in partnership and we do continue to do that with a number of agencies. In this challenging year many of the ways in which we work and meet has had to be adapted but we have continued to strengthen those relationships.

We continue to focus on building partnerships with all our partner churches and I have attended denominational Synods and Assemblies through the year, mainly online. We have worked to develop an Ecumenical Environment group, with members from each of the denominations. The group has been working to raise the profile of Environmental issues by hosting a study course entitled ‘Ecology and the Bible’ and an online regional conference. The North East of England Climate Coalition was launched in March and NECAT, the Regional Church Leaders group, a number of our Regional denominations and some individual churches have all signed up as supporters. This year will see the hosting of COP26 in Glasgow in November and the North East Churches have been planning a welcome for two pilgrimages heading to Glasgow. The Youth Climate Change Network are walking from Cornwall and will spend time in the region being welcomed by churches, holding events and a residential in Newcastle. A second Ecumenical European pilgrimage will be arriving in North Shields, having walked across Europe and again numerous churches in the region will welcome them and Christians from across the churches will spend time walking with both pilgrimages. We will continue to build on this work as we look to the future and how we can work better together to make this region ‘the greenest region’.

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North East Churches Acting Together

Trustees’ Annual Report for the year ended 31 August 2021

Across the churches we are also looking at other issues that affect us all such as Dementia Friendly churches, reducing isolation and Covid recovery. I continue as a Trustee at the North East Religious Resources Learning Centre, promoting the use of the Resources Centre across all denominations and schools. NECAT have worked with the RRC on an online ecumenical book group looking at ‘Being Interrupted’ by Al Barrett and Ruth Harley.

Citizens Tyne and Wear, a local chapter of national Citizens UK, has churches and other faith organizations in membership and I work alongside them supporting their Living Wage team. We have worked to raise the issues around low pay and particularly this year, levels of pay amongst key workers such as carers, cleaners and other key workers. The number of accredited living wage employers have continued to increase across the region but there is more to do. Citizens Tyne and Wear are engaged in other projects around hate crime, mental health, Free School Meals and the environment. I have also worked with the ‘Just Change’ team to encourage schools and meal suppliers to look at how they operate the system and ensure those on Free School Meals get all that they are entitled to.

NECAT has also been spending time looking at the issue of affordable and secure housing. Many of these issues were highlighted in the Archbishop of Canterbury’s ‘Coming Home’ report, published in 2021 following lots of research. We have been working with members of the Archbishop’s Housing Commission and other denominational partners to take a specific regional look at this issue and particularly the challenge to use church land and buildings more creatively to provide homes for those most in need. As a result of this we secured some funding to do some more work on this from Big Society Capital’s Social Impact Fund. The funding has enabled us to do some further thinking on the issue and work with our local denominations to think about what might be possible and to look at how a social investment fund might be established to support this. Further funding has enabled us to employ a consultant to look at some possible ideas more in depth and to do some further conversations with partners. This project might help us to think anew about how we use our buildings and land and help us to think creatively about how we can help the housing crisis in our country.

We have continued to support work with Asylum Seekers and refugees, with many of our churches and Churches Together groups providing vital support to Asylum Seeker in desperate need and very practical support and friendship to them and to those settled under the Syrian Resettlement Scheme. This year we have also seen events in Afghanistan mean that other families have arrived from Afghanistan and settled in the region. We are also working with Church Leaders and other partners in raising awareness of the Refugee and Asylum system and campaigning as needed to change aspects of the system. I remain a member of the Humanitarian Support Partnership in County Durham. We would also like to promote the issue of Community Sponsorship in the region, two local groups have now been approved and we hope to learn from them and encourage others.

As part of the Covid Recovery program in County Durham the Local Authority have arranged a fund to help church hall used by the community to re-open after lockdown. The fund gives small grants to help with any additional costs incurred to reopen. NECAT has been asked to manage that fund by Durham County Council which will run from August into 2022.

Plans for future periods

In the coming year we will seek to support the churches of the North East as we to recover from the COVID crisis. It will be even more important for us to work together and pool our resources as we work on projects common to all denominations. We know that some local Churches Together groups have struggled this year, and as Regional Officer I am available to help and support them. Over the coming year we will continue to partner Citizens UK on the Living Wage and Just Change campaigns and other issues such as Mental Health and Hate crime. The funding from the Social Impact Fund will enable us to do some further work on how we might be able, as churches, to respond to the issues Housing and Communities. We are looking to produce a report and, hopefully, identify one or two projects that we might be able move further forward. The Environment group will continue to meet, and we will look to other projects or issues that we can collaborate on. We will also work with others as we engage with issues that as churches we continue to work together on such as Dementia Friendly Communities, work with refugees and Asylum seekers and working with others.

Churches Together in England have been working on a strategic plan for to encourage ecumenical working nationally and regionally. This will include continued learning on working together both on projects and on mission and dialogue on issues of justice and theology.

You can visit us at our website www.necat.co.uk or on the Facebook page https://www.facebook.com/northeastchurchesactingtogether and sign up for pur newsletter via the website or by sending me an email.

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North East Churches Acting Together

Trustees’ Annual Report for the year ended 31 August 2021

Mission Fund

There has been one Mission Fund grant awarded in the past year, to South Tyneside Churches Together to support their ecumenical dementia friendly Carol services.

All Churches Together Groups and informal ecumenical groups are able to submit applications for funding for work they may wish to do in the local communities. Further information and advice can be obtained from Joanne Thorns at the following email address regionalofficer@necat.co.uk.

Financial review

The Charity’s work is entirely reliant on income provided in the form of grants received from the Church Denominations and donations received from the Churches Together Groups in the North East.

Reserves policy

The Trustees aim to maintain reserves in a restricted fund at a level which equates to approximately six months of unrestricted charitable expenses. The Trustees consider that this will provide sufficient funds to ensure that support and governance costs are covered. Total reserves at 31 August 2021 amounted to £102,384 (2020: £93,635) of which £44,059 (2020: £40,906) were restricted.

This report was approved by the Trustees on 02/12/2021

Revd J Thorns (Regional Officer & Secretary)

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North East Churches Acting Together Year ended: 31 August 2021

Independent Examiner's Report to the Trustees of North East Churches Acting Together

I report to the Charity trustees on my examination of the accounts of the charity (number 1157138) for the year ended 31 August 2021 which are set out on pages 9 to 14.

Responsibilities and basis of report

As the Charity’s trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 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 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:

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 accounts to be reached.

Neil Mullen FCA FCCA

Mullen Stoker House Mandale Business Park Belmont Industrial Estate Durham DH1 1TH

Date 02/12/21

8

North East Churches Acting Together Statement of Financial Activities including summary income and expenditure account for the year ended 31 August 2021

year ended 31 August 2021
Unrestricted Designated Restricted
Funds Funds
Funds		 Total Total
2021 2020
Notes £ £ £ £ £
Income from:
Churches and denominations 36,467 0 0 36,467 36,114
Churches together groups 920 0 0 920 525
Sundry Income 846 0 0 846 2,284
Coronavirus Job Retention Scheme Grant 6,061 0 0 6,061 5,114
Donations 3 0 0 0 0 647
Investment income - Bank interest 4 13 0 28 41 129
Investment income - Dividends 0 0 589 589 565
_____ _____ ______ _____ ____
Total 44,307 0 617 44,924 45,378
_____ _____ ______ _____ _____
Expenditure on:
NECAT operation 5 38,711 0 0 38,711 39,673
Mission fund 5 0 0 0 0 700
TVM operation 5 0 0 250 250 250
___ ___ _____ ___ ___
37,711 0 250 38,961 40,623
Total ___ ___ _____ ___ ___
Net incoming resources / (resources expended)
before transfers 5,596 0 367 5,963 4,755
Transfers between funds (1000) 1000 0 0 0
___ ___ _____ ___ __
Net incoming resources/(resources expended) 4,596 1,000 367 5.963 4,755
Realised gains on investment assets 0 0 2,786 2,786 752
___ ___ _____ __ ___
Net incoming resources / (resources expended)
including realised gains on investments 4,596 1,000 3,153 8,749 5,507
Unrealised gains on investment assets 0 0 0 0 0
___ ___ _____ ___ ___
Net movement in funds 4,596 1,000 3,153 8.749 5,507
Fund balances brought forward at 1 September 2020 24,239 28,490 40,906 93,635 88,128
___ ___ ____ ___ ___
Fund balances carried forward at 31 August 2021 28,835
___		 29,490
___		 44,059
____		 102,384
___		 93,635
___

All of the above results are derived from continuing activities. All gains and losses recognised in the year are included above.

9

North East Churches Acting Together Balance Sheet as at 31 August 2021

Charity
Charity
Charity
2021
2021
2020
Notes
£
£
£
Fixed assets
Investments
6
21,847
_

21,847
Current assets
Cash at bank and in hand
156,167
_

156,167
Creditors: amounts falling due within one year
7
(75,630)
_

Net current assets
80,537
_

Net assets
102,384
__

Funds:
Unrestricted funds
General fund
8
28,835
Designated funds
Mission fund
8
2,490
4,490
Reserve fund
8
27,000
29,490
26,000
______
______
______
Total unrestricted funds
58,325
Restricted funds
Publicity fund
8
614
614
Refuges and asylum seekers fund
8
1,597
1,597
TVM fund
8
41,848
44,059
38,695
______
______
______
Total funds
8
102,384
_



Charity
2020
£
19,061
_
19,061
75,204
_
75,204
(630)
_
74,574
_
93,635
_
24,239
28,490
______
52,729
40,906
______
93,635
_
_

The financial statements on pages 9 to 14 were approved by the Executive Committee and authorised for issue by the trustees on 2 December 2021 and signed on their behalf by:

____ ______ Dr MA Bonnington Revd J Thorns Chairman Regional Officer & Secretary

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North East Churches Acting Together Notes to the financial statements for the year ended 31 August 2021

Accounting policies

(a) Basis of preparation and going concern

The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1.

The Charity constitutes a Public Benefit Entity as defined by FRS 102.

The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.

(b) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds have been transferred from unrestricted funds for a particular purpose and are to be used in accordance with that purpose as imposed by the trustees.

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 a particular purpose. The cost of raising and administering such funds are charged against the specific fund.

Investment income and gains are allocated to the appropriate fund.

(c)

Incoming resources

All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.

(d) Grant income

Grants and contributions received for current year expenditure are recognised in full in the Statement of Financial Activities in the period in which they are received, provided that the conditions for receipt have been complied with. Where income is received in advance for expenditure in a future accounting period, it is deferred and recognised in the future period to which it relates.

(e) Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

(f)

Investments

Investments are stated at market value at the balance sheet date. The Statement of Financial Activities includes the net gains and losses arising on revaluations and disposals throughout the year.

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North East Churches Acting Together Notes to the financial statements for the year ended 31 August 2021

(g) Defined contribution pension scheme

Existing employees of the Charity were entitled to join NEST which is funded by contributions from the employee and employer. New and existing employees were automatically enrolled into the master trust with the option to opt out should they choose to do so.

2 Related party transactions and trustees’ expenses and remuneration

The trustees give freely their time and expertise without any form of remuneration or other benefit in cash or kind (2020: £nil). Expenses, in respect of travel and subsistence, paid to trustees in the year totalled £nil (2020: £nil).

3
Donations and gifts
Individuals		 Unrestricted Designated Restricted
Funds
Funds
Funds
£
£
£
0
0
0


 Total
2021
£
0
 Total
2020
£
647

4 Investment income

Interest receivable - Barclays Active Saver a/c
Interest receivable - CBF Deposit a/c
 Unrestricted Designated Restricted
Funds
Funds
Funds
£
£
£
13
0
0
0
0
28
___
__
_
13
0
28


___		 Total
2021
£
13
28
___
41
____		 Total
2020
£
40
89
__
129
______

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North East Churches Acting Together Notes to the financial statements for the year ended 31 August 2021

5
Resources expended
Unrestricted
Designated
Restricted
£
£
£
Stationery and printing
34
0
0
Necat management fee
0
0
250
Computer software/website
806
0
0
Telephone - emails
279
0
0
Travel and subsistence
133
0
0
Training
0
0
0
Office allowance
204
0
0
Conferences and courses
180
0
0
Subscriptions
0
0
0
Insurance
447
0
0
Salaries
33,889
0
0
Employers NI
0
0
0
Employers pension payment
1,694
0
0
Sundries
3
0
0
Wages/NEST processing
412
0
0
Independent examination
630
0
0
Refugees and asylum seekers
0
0
0
Mission Fund
0
0
0
_
_
__
38,711
0
250


 Total
2021
£
34
250
806
279
133
0
204
180
0
447
33,889
0
1,694
3
412
630
0
0
__
38,961
 Total
2020
£
25
250
297
279
1,132
15
168
0
700
442
33,029
735
1,694
104
344
630
79
700
__
40,623

The average number of employees during the year was 1 (2020: 1) with all employee time involved in providing either support to the governance of the charity or support services to charitable activities. The total employment benefits including employer pension contributions of the key management personnel were £1,694 (2020: £1,694). No employees had employee benefits (excluding employer pension costs) in excess of £60,000 (2020: £nil).

6 Fixed asset investments

Within the UK
Church of England Investment Fund at market value		 2021
£
21,847
 2020
£
19,061

7 Creditors: amounts falling due within one year

Unrestricted
Restricted
£
£
Accruals - accountancy
630
0
Deferred income - covid recovery grant
0
75,000

_
____
_
630
75,000


 2021
£
630
75,000
_____
_
75,630
 2020
£
630
0
____
630

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North East Churches Acting Together Notes to the financial statements for the year ended 31 August 2021

8 Statement of funds

At 1 Sept
2020
£
Unrestricted
General fund
24,239
Designated funds:
Mission fund
2,490
Reserve fund
26,000
_

Total unrestricted funds52,729
Restricted funds:
Publicity fund
614
Refugees and asylum
seekers fund
1,597
TVM fund
38,695
_
Total restricted funds
40,906

_
Total funds
93,635
 Investment
Income
Expenditure
gains
£
£
£
44,307
(38,711)
0
0
0
0
0
0
0
_
_
_

44,307
(38,711)
0
0
0
0
0
0
0
617
(250)
2,786
_
_
_
617
(250)
2,786
_
_
_
44,924
(38,961)
2,786


 At 31 August
Transfers
2021
£
£
(1,000)
28,835
0
2,490
1000
27,000
_
_
0
58,325
0
614
0
1,597
0
41,848
_
_
0
44,059
_
_
0
102,384

General funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Mission funds provide small grants to Local Churches Together and similar groups such as Regional bodies/initiatives and ad hoc groups formed for a particular event.

Designated reserve funds are to be used to pay expenses due should the aims and objectives of NECAT, as originally envisaged, cease resulting in the cessation of NECAT.

Publicity funds are for the purpose of publicising NECAT and /or regional events.

Refugees and asylum seekers funds seek to provide support and integration into the community.

TVM fund operates in the Tees Valley to promote and support workplace chaplaincy by supporting volunteer chaplains and being an advocate of the Christian in the workplace.

14