City Church Manchester CIO
Annual Report and Accounts
Year ended 31 August 2023
City Church Manchester CIO (Charity Incorporated Organisation)
Charity Number: 1157448
City Church Manchester CIO
Reference and Administrative details
| Principal Address | City Church Manchester, Central Methodist Hall, Oldham Street, Manchester, M11JQ |
|---|---|
| Registered charity number |
1157448 |
| Trustees | Matthew Waldock Ralph Cunnington Justin Theed Elizabeth Hyde David Springate Samuel Hyde Emma Agnew (2 Oct 2023) |
| Accountants and Address |
Contando Limited 7 Bell Yard Holborn London WC2A 2JR |
| Independent Examiner | Adam Syddall MA ACA - P B Syddall & Co, Grafton House, 81 Chorley Old Road, Bolton, Lancashire. BL1 3AJ |
Contents
| Page | |
|---|---|
| Report of the Trustees | 3-5 |
| Independent Examiners Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Statement of Cash Flow | 9 |
| Detailed Statement of Financial Activities | 10-18 |
Page 2
City Church Manchester CIO
Report Of The Trustees
For The Year Ended 31 August 2023
The trustees have the pleasure of submitting the Report and Accounts for the year ended 31 August 2023.
Objects of the Charity
The charity, which is a church, is governed by a constitution and is constituted as a charitable incorporated organisation. The charity’s principal objectives, as set out in its governing document are: (1) the advancement of the Christian faith in accordance with the Statement of Faith exclusively by facilitating the charitable activities of the Fellowship; and (2) such other charitable objects as shall, in the opinion of the charity trustees further the work of the Fellowship.
Summary of the charity’s main activities and achievements
To further the above objects and vision, the charity's main activities and achievements were as follows:
Church Ministry
City Church Manchester holds weekly Sunday services to provide Bible teaching, and a time to engage in worship for our congregation. We offer to pray for all those attending and through the connection cards and prayer slips, notice that we average 8-20 newcomers each week. This ranges from 416-1,040 new people attending over the course of the year. It is a big priority for us to be able to love, encourage and support people passing through Manchester and the church community. Drawing them to the hope of the gospel. Pastoral Care is also provided for members and church regulars.
Page 3
Our mid-week training track – Equip – runs 4-week tracks on current topics throughout the year and led to over 450 attendees being trained.
228 people attended our Weekend Away in Wales. It allowed for church regulars from a diverse racial and socio-economic backgrounds to interact and encourage each other as they engaged in Bible teaching.
The Student team saw growth of student attendance to 30 students through student getaways, social events and ministry input. Youth work grew to 12 with some older members choosing to be baptised and considering membership in the church.
Outreach achievements
This year we have run several seeker courses to help non-Christians ask questions about the faith. Between the three courses 8 attended Hope Explored, 33 attended Discipleship Explored and 13 attend the Alpha Course.
Christmas and Easter events resulted in over 700 attendees.
Northern Gospel Project Conference launch saw more than 25 different churches represented with 80 attendees from City Church. Round table discussions fostered new ideas and relationships and the workshops equipped attendees to different areas relating to planting churches. We are excited to see how planting more churches will impact our city.
The football team has expanded to 3 men's teams and a women’s team which provides significant outreach opportunities and helps engage people who are new to the city or seeking social interaction through sport.
Christmas events and community outreach
This year our Christmas Outreach Programme provided food donations to local families in need. The church raised funds and wrapped boxes containing food hampers and gifts for children. Deliveries were then made by church members. We supplied food hampers and gifts to over 50 families we encouraged to apply.
We held two carol services, and two Christingle services over the Christmas period. Total attendance was 550 with a number of people choosing to attend seeker courses in January.
In planning the activities the Trsuess have applied the guidance on public benefit issued by the Charity Commission.
Page 4
Finances
The Lord has wonderfully provided for the church this financial year through the steady increase in member giving, external individual supporters and international church partners.
Reserves Policy
Unrestricted funds are kept in reserve to cover up to 12 months’ general expenditure. City Church Manchester seeks to keep at least 3 months expenditure in reserves as per the Charity Commission recommendations.
Responsibilities of trustees
Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.
We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time 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 take reasonable steps to prevent fraud or any other irregularities.
Approval
This report was approved by the trustees and signed on their behalf by:
Samuel Hyde (Jun 26, 2024 12:22 GMT+1)
Samuel Hyde
Page 5
CITY CHURCH MANCHESTER CIO l(hwTralAe Inrtypornted OryanisaUMI the reguirements of tr Cham"e5 Aa 20111.the Arfl. carry408 Out nry eumnatWi I h•4 Idltr••td a¢1 able Direct ik4n lty the Chartfy Cornmisyon under settw 14ySMbl of tht I h•rt sattsfi¢d nrfielf th•tthe •¢¢wnts d Trust not requlred t• b• th"ted •nd are eli8ible tor Indepern1 Since the comp•ry's voss Inne txceeded E250,(KKI yow examiner be a of a body listed In 5odiDn 145 of the 2011 Art. I confirm th•t l am qualifd to undwEake EhE examin•t6cm becSe l •rn a rntmb of th• Instiiuts of Chartered kn•Jrrtants In Er11• Walos. which is ol the listed bod the accourt% do not ¥o0th tlw Cd$. arcounts do th tht applitatrAe rwilrements (onctrnhll the •ftd cfmient ol •rcwnt5 set tsJl IA the Ch•dties (Accnts & Pport51 Regulat¥on$ 2(Th other than aty reqyiremeni of Rectynmended Prauice for KcrMmdrN8 re18 by thanties apgliG4ble w thwrties prtpari th•"t attounis In K¢Èyd•n¢• wrth the Firwbcial Rep(Ybry4 5tandwd applicèblt in the UX •nd RepubHc cl IrelaNI IFRS 1021. leached. Adam J. Swall M,A.. A.C. P 8 Syddall & Co Graft House 81 Chryley CY41 iarK•sh• BU 3A1 Page 6
STATEMENT OF FINANCIAL ACTIVITIES
for the YEAR ENDED 31[st] AUGUST 2023
| INCOME Donations and legacies Charitable activities TOTAL INCOME EXPENDITURE Raising funds Charitable activities TOTAL EXPENDITURE NET INCOME / (EXPENDITURE) Transfers between funds Net movements in funds Balances brought forward at 1st September 2022 BALANCES CARRIED FORWARD AT 31st AUGUST 2023 |
NOTE 2a 2b 3a 3b |
2023 Unrestricted Funds 375,028 4,552 |
2023 2023 2022 Restricted Total Total Funds Funds Funds 79,442 454,470 680,650 - 4,552 9,155 |
2022 Total Funds |
2022 |
|---|---|---|---|---|---|
| £379,580 | £79,442 £459,022 £689,805 |
||||
| 8,681 439,868 |
458 9,139 17,536 84,705 524,573 406,133 |
||||
| £448,549 | £85,163 £533,712 £423,669 |
||||
| (68,969) (10,900) |
(5,721) (74,690) 266,136 10,900 - - |
||||
| (79,869) £385,525 |
5,179 (74,690) 266,136 £371,553 £757,078 £490,942 |
||||
| £305,656 | £376,732 £682,388 £757,078 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 10 - 18 form part of these financial statements.
Page 7
BALANCE SHEET
AT 31[st] AUGUST 2023
| Note | 2023 | 2022 | |||
|---|---|---|---|---|---|
| FIXED ASSETS | |||||
| Tangible fixed assets | 7 | 98,023 | 99,579 | ||
| CURRENT ASSETS | |||||
| Debtors | 8 | 3,756 | 12,261 | ||
| Cash at bank and in hand | 9 | 597,191 | 661,326 | ||
| 600,947 | 673,587 | ||||
| CURRENT LIABILITIES | |||||
| Creditors | 10 |
(16,582) | (16,088) | ||
| NET ASSETS | £682,388 | £757,078 | |||
| FUNDS | |||||
| Restricted funds | 14 | 376,732 | 371,553 | ||
| Unrestricted funds | 14 |
305,656 | 385,525 | ||
| £682,388 | £757,078 | ||||
| The notes on pages 10 - 18 form part of these financial statements. | |||||
| The accounts on pages 7 - 18 were | approved by the Trustees | on 25/06/2024 |
signed | on their | |
| behalf. | |||||
| Samuel Hyde (Jun 26, 2024 12:22 GMT+1) | |||||
| Samuel Hyde | |||||
| Justin | Theed (Jun 25, 2024 18:29 GMT+2) | ||||
| Justin Theed |
Page 8
STATEMENT OF CASH FLOWS AT 31[st] AUGUST 2023
| Cash flows from operating activities: Net cash provided by (used in) operating activities Cash flows from investing activities: Purchase of property, plant and equipment Net cash provided by (used in) investing activities Cash flows from financing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period All cash is held as cash in hand. The notes on pages 10 - 18 form part of these financial statements. Changes in net debt: Cash at start of year Cashflows Cash at end of year |
Note 2023 2022 11 (64,135) 267,063 - - (64,135) 267,063 - - (64,135) 267,063 661,326 394,263 597,191 661,326 £661,326 (64,135) £597,191 |
Note 2023 2022 11 (64,135) 267,063 - - (64,135) 267,063 - - (64,135) 267,063 661,326 394,263 597,191 661,326 £661,326 (64,135) £597,191 |
Note 2023 2022 11 (64,135) 267,063 - - (64,135) 267,063 - - (64,135) 267,063 661,326 394,263 597,191 661,326 £661,326 (64,135) £597,191 |
2022 |
|---|---|---|---|---|
| 11 | ||||
| (64,135) 267,063 - - |
||||
| (64,135) 267,063 661,326 394,263 |
||||
| 597,191 661,326 |
||||
| £661,326 (64,135) |
||||
| £597,191 |
Page 9
1. ACCOUNTING POLICIES
Basis of Accounting
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. 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 (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
Preparation of the accounts on a going concern basis
The Trustees are of the view that the immediate future of City Church Manchester CIO for at least the next 12 to 18 months is secure and that on this basis the accounts have been prepared on a going concern basis.
Fixed Assets
Fixed assets are recorded at historic cost.
Depreciation is calculated to write down the cost less estimated residual value of the fixed assets over their expected useful lives. Land is not depreciated. The rates and periods generally applicable are:
Buildings 4% per annum straight line Fixtures, Fittings and Equipment 33% per annum straight line
Debtors
Debtors are recognised at the settlement amount due after any discounts offered.
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.
Page 10
Funds
Restricted funds represent donations or grants received for a specific object or invited for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year must be carried forward as a balance on that fund.
Unrestricted funds comprise general funds and are available to spend on activities that further any of the purposes of the Church.
Designated funds are unrestricted funds members have decided at their discretion to set aside for a specific purpose.
Income
Income is recognized when the charity has entitlement, sufficient probability of receipt and is able to reliably measure to value of the income. Collections and donations are recognised when received. All income is accounted for gross.
Expenditure
Grants and donations are recognised when committed. All other expenditure is generally recognised when it is incurred and is accounted for gross. Expenditure is classified under the following activity headings:
-
Charitable activities include “Church Ministry” and “Gifts” and includes both direct costs and its support costs.
-
Costs of raising funds comprise the costs of fundraising and partnership development, and its support costs.
-
Support costs are allocated proportionally between fundraising and charitable activities based on the share of direct costs.
Donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item, and conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably.
Donated vehicles, plant, furniture or buildings are recognised as tangible fixed assets when their fair value exceeds the threshold for capitalisation set by the charity’s accounting policy.
Volunteer Help
The value of any voluntary help received is not included in the accounts.
Page 11
| 2. 3. |
INCOME (a) Donations and legacies Donations and gifts Gift Aid General grants (b) Income from charitable activities Church Programs Training TOTAL INCOME EXPENDITURE (a) Costs of raising funds Incurred seeking donations Of which in 2022: Restricted Unrestricted (b) Charitable activities Church Ministry Gifts Of which in 2022: Restricted Unrestricted TOTAL EXPENDITURE |
2023 Unrestricted Funds 321,732 53,296 - |
2023 Unrestricted Funds 321,732 53,296 - |
2023 Restricted Funds 2023 Total Funds 2022 Total Funds 68,842 390,574 619,836 5,600 58,896 50,814 5,000 5,000 10,000 |
2023 Restricted Funds 2023 Total Funds 2022 Total Funds 68,842 390,574 619,836 5,600 58,896 50,814 5,000 5,000 10,000 |
|
|---|---|---|---|---|---|---|
| £375,028 | £79,442 £454,470 £680,650 |
|||||
| 2,661 1,891 |
- 2,661 6,793 - 1,891 2,362 |
|||||
| £4,552 | £ - £4,552 £9,155 |
|||||
| £379,580 | £79,442 £459,022 £689,805 |
|||||
| 2023 Direct £7,504 |
2023 Support 2023 Total costs 2022 Total costs £1,635 £9,139 £17,536 |
2022 Total |
||||
| costs | ||||||
| 348,082 88,304 |
3,922 13,614 68,310 416,392 374,725 19,877 108,181 31,408 |
|||||
| £436,386 | £88,187 £524,573 £406,133 |
|||||
| 64,019 342,114 |
||||||
| £443,890 | £89,822 £533,712 £423,669 |
Page 12
4. ANALYSIS OF SUPPORT COSTS
| 4. | ANALYSIS OF SUPPORT COSTS | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 5. 6. |
The material categories of support costs are: Office costs Compliance and regulation costs Governance costs Staff costs Depreciation Other NET INCOME/(EXPENDITURE) FOR THE YEAR This is stated after charging: Amounts paid to independent examiner Depreciation ANALYSIS OF NET ASSETS BY FUND Fixed assets Current assets Current liabilities |
2023 Unrestricted Funds 98,023 224,215 (16,582) |
2023 £ 2022 £ 27,651 32,539 14,321 18,119 696 660 30,633 31,110 1,556 4,562 14,965 10,638 £89,822 £97,628 2023 £ 2022 £ 696 660 1,556 4,562 2023 Restricted Funds 2023 Total Funds - 98,023 376,732 600,947 - (16,582) |
2022 £ 32,539 18,119 660 31,110 4,562 10,638 |
|||||
| 2023 £ 696 1,556 |
2022 £ 660 4,562 |
||||||||
| 2023 Total Funds 98,023 600,947 (16,582) |
|||||||||
| £305,656 | £376,732 | £682,388 |
| ANALYSIS OF NET ASSETS BY FUND prior year Fixed assets Current assets Current liabilities |
2022 Unrestricted Funds 99,579 298,539 (12,593) |
2022 Unrestricted Funds 99,579 298,539 (12,593) |
2022 Restricted Funds - 375,048 (3,495) |
2022 Restricted Funds - 375,048 (3,495) |
2022 Total Funds 99,579 673,587 (16,088) |
||
|---|---|---|---|---|---|---|---|
| £385,525 | £371,553 | £757,078 |
Page 13
7. TANGIBLE FIXED ASSETS
| 7. TANGIBLE FIXED ASSETS |
|||
|---|---|---|---|
| Cost At 1stSeptember 2022 Additions at 31stAugust 2023 Depreciation At 1stSeptember 2022 Charge for the year At 31stAugust 2023 Net Book Value At 31stAugust 2023 At 31stAugust 2022 |
Fixtures, Fittings and Equipment £33,468 - £33,468 |
Land, and buildings Total £100,000 £133,468 - - £100,000 £133,468 |
|
| £31,956 756 £32,712 |
£1,933 £33,889 800 1,556 £2,733 £35,445 |
||
| £756 | £97,267 £98,023 |
||
| £1,512 | £98,067 £99,579 |
Transfer of Specified Property
The Freehold Land and Building at Newton Heath Evangelical Church, Culcheth Lane, Manchester, M40 lLS, being comprised in a conveyance of the land registered under Title Number MAN359915 were transferred to City Church Manchester CIO (Registered Charity Number 1157448) during the financial year ended 31st August 2020.
The Trustees of City Church Manchester CIO (Registered Charity Number 1157448) have agreed to include the Land & Buildings in the accounts at cost value as per the conveyance dated the 6th April 2020.
8. DEBTORS
| DEBTORS | |
|---|---|
| Trade debtors Prepayments |
2023 2022 - 7,994 3,756 4,267 |
| £3,756 £12,261 |
Page 14
| 9. CASH AT BANK AND IN HAND Current account balances Cash in hand 10. CREDITORS Trade creditors Accruals Tax and social security Other creditors 11. NOTE TO STATEMENT OF CASH FLOWS Reconciliation of net income/(expenditure) to net cash inflow from operating activities. Net income/(expenditure) for the reporting period (as per the statement of financial activities) Adjustments for: Depreciation charges (Increase)/decrease in debtors Increase/(decrease) in creditors Net cash provided by (used in) operating activities All cash and cash equivalents are held as cash in hand. |
2023 2022 595,653 659,522 1,538 1,804 |
|---|---|
| £597,191 £661,326 |
|
| 2023 2022 11,642 12,049 2,821 660 - 1,842 2,119 1,537 |
|
| £16,582 £16,088 |
|
| 2023 2022 (74,690) 266,136 1,556 4,562 8,505 (9,109) 494 5,474 |
|
| (£64,135) £267,063 |
|
Page 15
12. ANALYSIS OF STAFF NUMBERS AND COSTS
| The average monthly number of employees throughout the year was 11 (2022 - 10). Salaries and Wages Social Security Costs Pension costs |
2023 2022 236,603 200,829 6,507 4,452 21,313 18,949 |
|---|---|
| £264,423 £224,230 |
No employees had employee benefits in excess of £60,000 (2022 - nil).
Volunteers at City Church Manchester give their time in a variety of ways, whether it be practically such as setting up tech or seating for Sunday services; administratively, from planning and running events or advising on Health & Safety; creatively by designing publicity or filming and editing videos; or pastorally, such as leading community groups. There are multiple levels of responsibility given to volunteers and volunteers give a range of their time, from full-time to one hour per month.
13. RELATED PARTY TRANSACTIONS
In the period the charity has paid trustees remuneration and benefits. The total remuneration or any other benefits paid to trustees of the charity were £51,108 (2022 – £52,680).
This is broken down as follows:
| Name Ralph Cunnington Matthew Waldock |
Salary 18,140 22,020 |
Pension |
|---|---|---|
| 7,708 3,240 |
The governing document of the charity states: A charity trustee may receive reasonable remuneration for acting as an employee of the CIO under a contract of employment provided that a majority of the charity trustees do not benefit under this provision.
In addition to their remuneration and employers pension contributions, and as part of their overall remuneration package, R Cunnington received £20,400 (£1,700 per month) and M Waldock received £20,400 (£1,700 per month) in respect of lease back agreements on their accommodation. (2022 - £19,200 and £15,600 respectively).
No trustees claimed expenses or had their expenses met by the charity (2022 NIL).
In the period the charity spent £1,755 on staff training from Crosslands (2022: £2,300), a related party by virtue of having a trustee in common. A donation to Crosslands for £3,600 was made in the year. At the year end NIL was outstanding (2022: £150). £27,000 (2022: NIL) was gifted to Northern Gospel Project, a related party by virtue of having a trustee in common.
A total of £24,280 was donated to the Charity by related parties.
There have been no other related party transactions in the reporting period.
Page 16
CITY CHURCH MANCHESTER CIO
NOTES TO THE ACCOUNTS for the YEAR ENDED 31[st] AUGUST 2023
14. FUNDS HELD AND MOVEMENTS IN THE FUNDS DURING THE YEAR
| Balance 1st | Income | Expenditure | Transfers | Transfers | Balance 31st | |
|---|---|---|---|---|---|---|
| September | August 2023 | |||||
| 2022 | ||||||
| Restricted funds: | ||||||
| Ministry Trainee Fund | 28,851 | 24,086 | (28,714) | - | 24,223 | |
| Building | 327,222 | 26,941 | (6,127) | - | 348,036 | |
| Creative Directors | 5,480 | 21,374 | (37,728) | 10,900 | 26 | |
| Parking | 10,000 | - | (5,272) | - | 4,728 | |
| International Student | - | 7,041 | (7,322) | - | (281) | |
| Worker | ||||||
| 371,553 | 79,442 | (85,163) | 10,900 | 376,732 | ||
| Designated funds | ||||||
| Newton Heath | 110,561 | 6,150 | (10,341) | - | 106,370 | |
| Wildwood | 740 | - | - | (740) | - | |
| Student Worker | - | - | - | 4,017 | 4,017 | |
| Church Plant | 11,791 | 394 | (4,480) | - | 7,705 | |
| Hardship Fund | 4,798 | - | (3,120) | 1,000 | 2,678 | |
| Mission & Planting | 936 | - | (11,033) | 10,097 | - | |
| Training Bursary | 6,509 | 750 | (5,878) | (400) | 981 | |
| Sabbatical Expenses | 2,945 | - | (153) | 361 | 3,153 | |
| Incubator | 6,300 | - | (6,300) | - | - | |
| Northern Gospel | 43,735 | 9,588 | (49,668) | (2,560) | 1,095 | |
| Bursary | 1,500 | - | - | - | 1,500 | |
| Pastoral Care | 64,245 | 1,000 | (19,894) | - | 45,351 | |
| Macon | - | - | (1,000) | 1,280 | 280 | |
| Unrestricted funds | 131,465 | 361,698 | (336,682) | (23,955) | 132,526 | |
| Total unrestricted | 385,525 | 379,580 | (448,549) | (10,900) | 305,656 | |
| funds | ||||||
| £757,078 | £459,022 | (£533,712) | £ | - | £682,388 |
Restricted funds purpose and restriction
Ministry Trainee Fund - restricted to intern expenses Building - restricted to Building Project expenses Creative Directors - restricted to Creative Director expenses Parking – restricted to cover parking costs for church attendance International Student Worker – restricted to international student worker expenses
Designated funds purpose and restriction
Newton Heath – expenses related to facility in Newton Heath Wildwood – expenses related to Wildwood Church Student Worker - for expenses for student work Church Plant - for church plant activities Hardship Fund - for people with need Mission & Planting - for special projects Training Bursary - for training participants Sabbatical Expenses - for Sabbatical expenses Incubator - for Incubator program expenses Northern Gospel - for NGP program expenses Bursary – to cover staff training and seminary costs Pastoral Care – for expenses for pastoral care Macon - for expenses when Macon team visits
Page 17
CITY CHURCH MANCHESTER CIO
NOTES TO THE ACCOUNTS for the YEAR ENDED 31[st] AUGUST 2023
15. FUNDS HELD AND MOVEMENTS IN THE FUNDS DURING THE YEAR – prior year
| Balance 1st | Income | Expenditure | Transfers | Transfers | Balance 31st | |
|---|---|---|---|---|---|---|
| September | August 2022 | |||||
| 2021 | ||||||
| Restricted funds: | ||||||
| Ministry Trainee Fund | 30,041 | 24,985 | (26,175) | - | 28,851 | |
| Building | 75,657 | 263,104 | (11,539) | - | 327,222 | |
| Creative Directors | 10,288 | 21,419 | (30,227) | 4,000 | 5,480 | |
| Parking | - | 10,000 | - | - | 10,000 | |
| 115,986 | 319,508 | (67,941) | 4,000 | 371,553 | ||
| Designated funds | ||||||
| Newton Heath | 144,689 | 50 | (14,178) | (20,000) | 110,561 | |
| Wildwood | 740 | - | - | - | 740 | |
| Student Worker | (17) | - | - | 17 | - | |
| Church Plant | 7,462 | 4,329 | - | - | 11,791 | |
| Hardship Fund | 2,840 | 970 | (2,012) | 3,000 | 4,798 | |
| Mission & Planting | 6,391 | - | (17,742) | 12,287 | 936 | |
| Training Bursary | 6,324 | - | (3,815) | 4,000 | 6,509 | |
| Sabbatical Expenses | 445 | - | - | 2,500 | 2,945 | |
| Incubator | 6,300 | - | - | - | 6,300 | |
| Northern Gospel | 28,281 | 4,000 | (1,046) | 12,500 | 43,735 | |
| Bursary | - | - | - | 1,500 | 1,500 | |
| Pastoral Care | - | 64,369 | (124) | - | 64,245 | |
| Unrestricted funds | 171,501 | 296,579 | (316,811) | (19,804) | 131,465 | |
| Total unrestricted | 374,956 | 370,297 | (355,728) | (4,000) | 385,525 | |
| funds | ||||||
| £490,942 | £689,805 | (£423,669) | £ | - | £757,078 |
Restricted funds purpose and restriction
Ministry Trainee Fund - restricted to intern expenses Building - restricted to Building Project expenses Creative Directors - restricted to Creative Director expenses Parking – restricted to cover parking costs for church attendance
Designated funds purpose and restriction
Newton Heath – expenses related to facility in Newton Heath Wildwood – expenses related to Wildwood Church Student Worker - for expenses for student work Church Plant - for church plant activities Hardship Fund - for people with need Mission & Planting - for special projects Training Bursary - for training participants Sabbatical Expenses - for Sabbatical expenses Incubator - for Incubator program expenses Northern Gospel - for NGP program expenses Bursary – to cover staff training and seminary costs Pastoral Care – for expenses for pastoral care
Page 18