2020-12-31-accounts

		Page
Charity information
Report ofthe Trustees
Independent examiner's	report
Statement of Financial	Activities
Balance sheet
Cashftow
Notes to the accounts		10

Trustees			Rev. William Schweitzer	Rev. William Schweitzer	(Chairman)
			Jonathan Winch (Secretary)
			Dr Chnstopher Richards		(Treasurer)
Charity	number		1184509
Church	address		Alderman Fenwick's	House
			98-100Pilgrim Street
			Newcastle
			NE1 6SX
Independent		examiner	Kinnair and Company	Limited
			Aston House
			Redburn Road
			Newcastle Upon Tyne
			NE5 1NB

for the period	fr	om 19July 2	019to 31 Dec	ember 20	20
						Restricted	Total
					Unrestricted	income	funds
				Notes	funds	funds	2020
					f	8	8
Income
Voluntary income					39,691	28,231	67,922
Investment income					1	3	4
Other income					28,200		28,200
Total income					67,892	28,234	96,126
Expenditure
Charitable activities:
-Staff					9,534	69,528	79,062
- Direct ministry					27,751	21,535	49,286
- Indirect ministry					2,935	951	3,886
- Property					5,333	2,199	7,532
- Depreciation					4 572	-	4 572
Total expenditure					50,125	94,213	144,338
Net movement	in	funds			17,767	(65,979)	(48,212)
Funds transferred		from Gateshead	Presbytenan
Church					1,263,803	195,956	1,459,759
Total funds carried forward					1251,575	129,977	1,411 547

as at 31Decemb	e	r 2020
			Notes		2020
					8
Fixed assets
Tangible assets					1,072,788
Current assets
Cash at bank and	in	hand		340,814
Creditors: amounts		falling due within one year	9	(2,053)
Net current assets					338,781
Total assets less	current liabilities				1,411,547
Net assets					1,411,547
Funds
Unrestricted funds:
-General Fund			10		208,784
-Capital Reserve			11		1,072,788
					1,281,570
Restncted funds:
- Restricted income		funds	12		129,977
					129,977
TlTfd					1 411541

				Notes	2020
					f
Cashflows from operating		activities
Net cash	inflow from operating activities			15	340,818
Cashflowe from Investing		activities		16	(4)
Change	In cash and cash	equivalents	in the reporting
period					340,814
Cash and	cash equivalents	at 19July	2019
Cash and cash equivalents		at 31 December 2020			348 814

			2020	2020	2020
			Unrestricted	Restricted	Total
			E	E	E
Donations			22,158		22,158
Congregation		- stewardship	15,821		15,821
Seminary				14,001	14,001
Church	planting			14,230	14,230
Building	donations		1,712		1,712
			39,691	28,231	67,922

			2020	2020	2020
			Unrestricted	Restricted	Total
			E	E	E
Minister	stipend	and expenses	3,837	13,810	17,647
Internship	wages	and expenses		26,612	26,612
Other wages			5,697	29,106	34,803
			9,534	69,528	79,062

Expenditu	re: Direct ministry costs
		2020	2020	2020
		Unrestricted	Restricted	Total
		E	E	6
Honoraria,	gifts and donations	23,163		23,163
Materials	and supplies	2,681		2,681
Youth ministry		32		32
Church fellowship		325		325
Church planting			6,575	6,575
Deacons	Fund	1,550
Hymnal and conference costs			4,537	4,537
Seminary	(WPTS) costs		3,601	3,601
Seminary	(WPTS) library		6,822	6,822
		27,751	21,535	47,736

5	Expenditu	re:	Indirect	ministry costs
					2020	2020	2020
					Unrestricted	Restricted	Total
					E	E
	Advertising				780		780
	Telephone	and internet			753	526	1,279
	Accountancy		fee		425	425	850
	Legal and	professional		fess	923		923
	Bank charges		and interest		54		54
					2,935	951	3,886
6	Expenditure:		Property
					2020	2020	2020
					Unrestricted	Restricted	Total
					E	E	E
	Facilities:	Rent and utilities			4,781	2,199	6,980
	Cleaning				552		552
					5,333	2,199	7,532

Tangible fixed assets
	Freehold	land	Plant and
	and buildings		equipment	Total
			E
Cost
Additions	955,542		121,816	1,077,358
At 31 December 2020	955,542		121,816	1,077,358
Depreciation
Charge for the year			4,572	4,572
At 31 December 2020			4,572	4,572
Net book value
At 31 December 2020	955,542		117,244	1,072,786

9	Creditors: amounts	Creditors: amounts	falling due within one year	falling due within one year	falling due within one year	2020
						E
	Pension creditor					253
	Accruals and	deferred	income			1,800
						2,053
10	General fund					2020
	Net incoming	(outgoing)		resources		17,767
	Transfer from	Gateshead		Presbyterian	Church	1,263,803
	Transfer ofcapital items			from general	fund	(1,077,358)
	Net transfers	to the capital reserve				4,572
	At 31 December					208,784

the period from 19Jul	y 2	019to 31 December 2020
Capital reserve			2020
			6
Transfer from the general fund Net transfers from the general		fund	1,077,358 ~4,572
At 31 December			1,072,786

						Transferred
						from
						Gateshead
12	Restricted		funds		Incoming	Presbyterian	Outgoing	Balance at
					I'esourcss	Church	resources/	31 Dec-20
							transfers
							6
	Restricted		income funds:
	-Seminary				14,002	88,431	(69,292)	33,141
	-Hymnal -Church	planting			1 14,231	23,794 83,731	(4,537) ~26,3541	19,258 77,578
	Total restricted			funds	28,234	195956	~94,273	129,977

Fund ba	lances at 31 December 2020	are represented by:
			Restricted
		Unrestricted	income	Total
		funds	funds	funds
		6	8
Tangible	fixed assets	1,072,786		1,072,786
Current	assets	93,185	247,629	340,814
Current	liabilities	(900)	(1,153)	(2,053)
Total net assets		1,165,071	246 476	1 411,547

for	the period from 19	July 2019to 31 Dece	July 2019to 31 Dece	mber 2020
15	Reconciliation of net	income/(expenditure)		to net cash flow
	from operating activities				2020
					5
	Net income/(expenditure) for the reporting		period (as per the
	statement offinancial	activities			(48,212)
	Funds transferred from Gateshead Presbyterian			Church.	382,401
	Depreciation charges	and loss on disposal	ofassets		4,572
	Interest receivable				4
	(Decrease) / increase	in creditors			2,053
	Net cash (uaed In ) /	provided by operating		activities	340,818
16	Cashf lowe from Investing activities				2020
					5
	Interest received				(4)