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|||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|||
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|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|
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|||||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|
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||||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|
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|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|
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|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|
##
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|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)|