## **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 eum*natWi I h•4* Idltr••td a¢1 a￿￿ble Direct￿ ik4*n 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 Indeper￿n1 Since the comp•ry's voss In￿ne txceeded E250,(KKI yow examiner be a of a body listed In 5odiDn 145 of the 2011 Art. I confirm th•t l am qualif￿d to undwEake EhE examin•t6cm bec￿Se 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 ￿C￿d$. arcounts do ￿th tht applitatrAe rwilrements (onctrnhll the •ftd cfmient ol •rcwnt5 set tsJl IA the Ch•dties (Acc￿nts & P*port51 Regulat¥on$ 2(Th other than aty reqyiremeni of Rectynmended Prauice for KcrMmdrN8 re￿1￿8 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**