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2021-12-31-accounts

DocuSign Envelope ID: 39BF0EA2-175C-4EB8-9859-B1EF25278617

ALL SAINTS PRESBYTERIAN CHURCH

Report and Accounts

for the year to 31 December 2021

Charity registration number 1184509

DocuSign Envelope ID: 39BF0EA2-175C-4EB8-9859-B1EF25278617

All Saints Presbyterian Church Report and accounts Contents

Page
Charity information 1
Report of the Trustees 2
Independent examiner's report 6
Statement of Financial Activities 7
Balance sheet 8
Cashflow 9
Notes to the accounts 10

DocuSign Envelope ID: 39BF0EA2-175C-4EB8-9859-B1EF25278617

All Saints Presbyterian Church Trust information

Trustees Rev. William Schweitzer (Chairman) resigned 16 Sept 2022 Jonathan Winch (Secretary) Dr Christopher Richards (Treasurer) Mr Benjamin Wontrop appointed 16 Sept 2022 Charity number 1184509 Church address All Saints Presbyterian Church Akenside Hill Newcastle NE1 3UF Independent examiner Kinnair and Company Limited Aston House Redburn Road Newcastle Upon Tyne NE5 1NB

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DocuSign Envelope ID: 39BF0EA2-175C-4EB8-9859-B1EF25278617

All Saints Presbyterian Church Trustees' report

Introduction

The Trustees of All Saints Presbyterian Church present their report and accounts for the period ended 31 December 2021. These are prepared in accordance with the governing document, applicable accounting standards and the recommendations of Statement of Recommended Practice: Accounting and Reporting by Charities.

Objectives and principal activity

To advance the Christian Faith in accordance with the Statement of Beliefs in such ways and in such parts of the United Kingdom or the world as the Trustees from time to time see fit.

To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including through the provision of counselling and support in such parts of the United Kingdom or the world from time to time as the Trustees from time to time see fit.

To advance education in such ways and in such parts of the United Kingdom or the world as the Trustees from time to time see fit.

The objectives are fulfilled by:

Holding public worship services, prayer meetings, Bible studies, evangelistic meetings, study groups and fellowship meetings to promote the spiritual good of the church generally and of those in attendance particularly.

Carrying out evangelistic work in the region.

Supporting domestic church planting and world missionary activities through prayer and financial aid. Investigative work remains and continues ongoing for church planting opportunities in close co-operation with partners in the United Kingdom and the United States to establish fully self-propagating, self-governing and selfsupporting churches as a continuous ongoing mission in the life of the church. (Matthew 28:19-20)

Giving support outlined in object 2 to those who find themselves in need. The Minister is available to meet with the sick/distressed and their families at all times.

Working closely with a local seminary campus, Westminster Presbyterian Theological Seminary (WPTS), accredited by Greenville Presbyterian Theological Seminary in the United States, to provide theological education with the goal of advancing the Great Commission.

Operating an internship programme, which provides training and practical experience for ministerial candidates.

Public benefit

The Trustees are aware of the Charity Commission guidance on public benefit. In doing so, the Trustees confirm that the charity's activities wholly comply with this guidance. In particular, this is evidenced by the way we have sought to advance the Christian faith through public outreach and teaching ministries to as many members of the public, both at home and abroad, as we are able to reach.

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DocuSign Envelope ID: 39BF0EA2-175C-4EB8-9859-B1EF25278617

All Saints Presbyterian Church Trustees' report

Achievements and performance

Ministry has continued according to the usual pattern, led by the Minister, elders and other qualified members, as well as visiting ministers. Ministry includes:

We have continued to support our church plants in Sunderland, Hexham and Zurich, and to provide assistance to Presbyterian churches in Hull, Durham, Salford and Berlin, including visits by our staff and financial assistance.

We have substantially invested in the church grounds, opened our building to the public for historic tours, and established partnerships with local organisations such as The Sage Gateshead, who make use of our building.

The church continues to serve the young people of the congregation and that of other local churches by:

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DocuSign Envelope ID: 39BF0EA2-175C-4EB8-9859-B1EF25278617

All Saints Presbyterian Church Trustees' report

Financial review

During the period the Charity's total income was £110,223.

During the year the Charity's total expenditure £310,321.

The total of the Charity's funds at 31 December 2021 was £1,211,449 which comprised an accumulated surplus on the General Fund of £1,037,958, an accumulated surplus on the capital fund of £71,898 and the accumulated surplus on the Restricted Fund of £101,593.

The regular finances of the Charity, to a very large extent, are given by the members of the Church congregation. Much work is done privately without recognition - the hours and value of that time cannot be quantified in advancing the Gospel. (Matthew 5:13-16)

Reserves policy: the Church has received endowment funding from a 501(c)3 Foundation in the United States that will fund certain specified programs, including development of the seminary, a hymnal project and the convening of conferences, to be used over several years, being subject to strict and specific uses as required under the US Internal Revenue Code.

Plans for future periods

Structure, governance and management

The Charitable Incorporated Organisation (CIO) was formed under a constitution dated 19 July 2019.

New Trustees are appointed by existing Trustees.

The Church is a congregation belonging to the Evangelical Presbyterian Church in England and Wales (EPCEW) religious denomination. As such it shares the same vision as other congregations within the Presbytery and through the Presbytery, with other like-minded churches throughout the world (the EPCEW is a member of the International Conference of Reformed Churches).

The spiritual leadership of the Church in regards to spiritual affairs is governed under and by the authority of the Book of Church Order of the Evangelical Presbyterian Church in England and Wales.

The Charity's Trustees in regards to temporal affairs are governed by a charity constitution governed under the laws of England in particular the Charities Act.

The Charity's Trustees have considered and follow publication "A guide to conflicts of interest for Charity Trustees" as a matter of good practice.

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DocuSign Envelope ID: 39BF0EA2-175C-4EB8-9859-B1EF25278617

All Saints Presbyterian Church Trustees' report

Reference and administrative details

All Saints Presbyterian Church (the CIO, the Charity) is a registered charity (registration number 1184509).

The governing body of the Charity is the board of Trustees, which currently comprises 3 members. The Trustees who acted during the year and up to the date of this report are shown on page 1.

The registered office of the Charity and details of its principal advisors are shown on page 1.

Statement of trustees' responsibilities

The Trustees are required to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Charity and of the surplus or deficit for that period. In preparing those accounts, the Trustees are required to: select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and prepare the accounts on the going concern basis unless it is inappropriate to assume that the Charity will continue its activities.

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the accounts comply with statutory requirements and with Charity's constitution and rules. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.

Disclosure of information to the independent examiner

So far as each Trustee at the date of approval of this report is aware:

Approval

22-Dec-2022

This report was approved by the Trustees on . . . . . . . . . . . . and signed on its behalf by:

. . . . . . . . . . . . . . . . . . . . . . Jonthan Winch Trustee and Treasurer

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DocuSign Envelope ID: 39BF0EA2-175C-4EB8-9859-B1EF25278617

All Saints Presbyterian Church Independent Examiner's Report

Independent examiner's report to the Trustees of All Saints Presbyterian Church

I report on the accounts of the Charity for the period ended 31 December 2021, which are set out on pages 7 to 16.

Respective responsibilities of the Trust and the examiner

As members of the Charity you are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011(‘the 2011 Act’) and that an independent examination is needed.

It is my responsibility to:

Basis of this independent examiner's report

My examination was carried out in accordance with the general directions given by the Charity Commissioner. That examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently, no opinion is given as to whether the accounts present ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner's statement

Since the gross income for the year exceeds the amount provided in section 145(3) of the Act, I confirm that I am qualified to act as Independent Examiner under the provisions of that section of the Act and that my qualification is as shown below.

In connection with my examination, no matter has come to my attention:

Mai L C Mak BSc. Hons. FCA Chartered Accountant

Kinnair and Company Limited Chartered Accountants Aston House Newcastle Upon Tyne 22-Dec-2022

. . . . . . . . . . . . . . . .

6

DocuSign Envelope ID: 39BF0EA2-175C-4EB8-9859-B1EF25278617

All Saints Presbyterian Church Statement of Financial Activities for the year ended 31 December 2021

Notes
Income
Voluntary income
2
Investment income
Other income
3
Total income
Expenditure
Charitable activities:
- Staff
4
- Direct ministry
5
- Indirect ministry
6
- Property
7
- Depreciation
Total expenditure
Net movement in funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2021
£
97,639
434
12,150
110,223
20,771
144,649
33,105
65,862
17,550
281,937
(171,714)
1,281,570
1,109,856		 Restricted
income funds
2021
£
-
-
-
-
26,899
-
1,485
-
-
28,384
(28,384)
129,977
101,593		 Total
funds
2021
£
97,639
434
12,150
110,223
47,670
144,649
34,590
65,862
17,550
310,321
(200,098)
1,411,547
1,211,449		 Total
funds
2020
£
67,922
4
28,200
96,126
79,062
49,286
3,886
7,532
4,572
144,338
(48,212)
1,459,759
1,411,547

The Charity has no recognised gains or losses other than those shown in the Statement of Financial Activities. All of the activities of the Charity are classed as continuing.

7

DocuSign Envelope ID: 39BF0EA2-175C-4EB8-9859-B1EF25278617

All Saints Presbyterian Church Balance Sheet as at 31 December 2021

Notes
Fixed assets
Tangible assets
9
Current assets
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within one year
11
Net current assets
Net assets
Funds
Unrestricted funds:
- General Fund
12
- Capital Reserve
13
Restricted funds:
- Restricted income funds
14
Total Trust funds		 2021
£
1,055,115
6,148
156,502
162,650
(6,316)
156,334
1,211,449
1,037,958
71,898
1,109,856
101,593
101,593
1,211,449		 2020
£
1,072,786
0
340,814
340,814
(2,053)
338,761
1,411,547
1,072,786
208,784
1,281,570
129,977
129,977
1,411,547

These accounts were approved by the Trustees on

22-Dec-2022 . . . . . . . . . . . . and signed on its behalf by:

. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Jonthan Winch Trustee and Treasurer

8

DocuSign Envelope ID: 39BF0EA2-175C-4EB8-9859-B1EF25278617

All Saints Presbyterian Church Notes to the Accounts for the year ended 31 December 2021

1 Accounting policies

Basis of preparation

The financial statements of the Charity have been prepared under the historical cost convention in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (Charities SORP (FRS102)) and the Charities Act 2011.

Going concern

The Trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees make this assessment in respect of a period of one year from the date of authorisation of issue of the financial statements and have concluded that the Charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Charity's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in the preparation of the financial statements.

A summary of the principal accounting policies, which have been consistently applied, is set out below.

Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Collections and donations are recognised when received.

Income tax recoverable on Gift Aid donations is not recognised until such claims that are made have been approved by HMRC and the amount receivable can be quantified with reasonable certainty.

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. All expenditure is inclusive of irrecoverable Value Added Tax.

Fixed assets

Fixed assets are held at fair value.

At each reporting date the Charity assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.

9

DocuSign Envelope ID: 39BF0EA2-175C-4EB8-9859-B1EF25278617

All Saints Presbyterian Church Notes to the Accounts for the year ended 31 December 2021

Debtors

Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Chairty anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

Taxation

The Charity is exempt from Income Tax on its charitable activities but is not exempt from Value Added Tax. Irrecoverable VAT is included in the cost of those items to which it relates.

Fund accounting

The charity operates restricted and unrestricted funds. Restricted funds relate to amounts received which have been specified for a particular use by the donor. All other funds are unrestricted funds which the charity may use for its charitable purposes at its discretion. Within unrestricted funds, the charity may designate certain funds for specific purposes.

10

DocuSign Envelope ID: 39BF0EA2-175C-4EB8-9859-B1EF25278617

All Saints Presbyterian Church Notes to the Accounts

for the year ended 31 December 2021

2 Income: Donations

Donations
Congregation - stewardship
Seminary
Church planting
Building donations
3
Income: Other
Elders fund
4
Expenditure: Staff
Minister stipend and expenses
Internship wages and expenses
Other wages
Amount allocated to governance costs		 2021
Unrestricted
£
36,941
60,698
-
-
-
97,639
2021
Unrestricted
£
12,150
12,150
2021
Unrestricted
£
15,350
-
5,421
20,771
-
20,771		 2021
Restricted
£
-
-
-
-
-
-
2021
Restricted
£
-
-
2021
Restricted
£
24,152
-
2,747
26,899
-
26,899		 2021
Total
£
36,941
60,698
-
-
-
97,639
2021
Total
£
12,150
12,150
2021
Total
£
39,502
-
8,168
47,670
-
47,670		 2020
Total
£
22,158
15,821
14,001
14,230
1,712
67,922
2020
Total
£
28,200
28,200
2020
Total
£
17,647
26,612
34,803
79,062
-
79,062

No member of staff was paid over £60,000

11

DocuSign Envelope ID: 39BF0EA2-175C-4EB8-9859-B1EF25278617

All Saints Presbyterian Church Notes to the Accounts

for the year ended 31 December 2021

5 Expenditure: Direct ministry costs

Honoraria, gifts and donations
Materials and supplies
Youth ministry
Church fellowship
Church planting
Deacons Fund
Hymnal and conference costs
Technical
Support
Seminary (WPTS) costs
Seminary (WPTS) library		 2021
Unrestricted
£
96,779
-
24,650
1,407
-
1,250
1,636
148
1,223
17,556
-
144,649		 2021
Restricted
£
-
-
-
-
-
-
-
-
-
-
-
-		 2021
Total
£
96,779
-
24,650
1,407
-
1,250
1,636
148
1,223
17,556
-
144,649		 2020
Total
£
23,163
2,681
32
325
6,575
-
4,537
0
1,550
3,601
6,822
49,286

6 Expenditure: Indirect ministry costs

Administration
Advertising
Refreshment
Telephone and internet
Accountancy fee
Legal and professional fees
Bank charges and interest
7
Expenditure: Property
Facilities: Rent and utilities
Cleaning
- Insurance		 2021
Unrestricted
£
28,144
-
456
1,875
560
1,970
100
33,105
2021
Unrestricted
£
58,199
4,030
3,633
65,862		 2021
Restricted
£
680
-
-
805
-
-
1,485
2021
Restricted
£
-
-
-
-		 2021
Total
£
28,824
-
456
2,680
560
1,970
100
34,590
2021
Total
£
58,199
4,030
3,633
65,862		 2020
Total
£
-
780
-
1,279
850
923
54
3,886
2020
Total
£
6,980
552
-
7,532

12

DocuSign Envelope ID: 39BF0EA2-175C-4EB8-9859-B1EF25278617

All Saints Presbyterian Church Notes to the Accounts for the year ended 31 December 2021

8 Staff costs

No member of staff earned £60,000 or more during the year.

No payments were made to the Trustees during the year for reimbursed expenses and wages.

9 Tangible fixed assets

Cost
At 1 January 2021
Disposals
At 31 December 2021
Depreciation
At 1 January 2021
Charge for the year
On disposals
At 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020
10 Debtors
Prepayments and accrued income
11 Creditors: amounts falling due within one year
Trade creditors
Other taxes and social security costs
Other creditors
Accruals and deferred income
12 General fund
Net incoming (outgoing) resources
Transfer from Gateshead Presbyterian Church
Net transfers from the capital reserve
At 31 December		 Freehold land
and buildings
£
955,542
-
955,542
-
-
-
-
955,542
955,542		 Plant and
equipment
£
121,816
(121)
121,695
4,572
17,569
(19)
22,122
99,573
117,244
2021
£
6,148
2021
£
180
1,468
3,348
1,320
6,316
2021
£
(77,605)
1,098,013
17,550
1,037,958		 Total
£
1,077,358
(121)
1,077,237
4,572
17,569
(19)
22,122
1,055,115
1,072,786
2020
£
-
2020
£
-
-
253
1,800
2,053
2020
£
-
1,077,358
(4,572)
1,072,786

13

DocuSign Envelope ID: 39BF0EA2-175C-4EB8-9859-B1EF25278617

All Saints Presbyterian Church Notes to the Accounts for the year ended 31 December 2021

13 Capital reserve
Transfer from the general fund
Net transfers to the general fund
At 31 December
The net transfer in the current year is depreciation.
14 Restricted funds
Balance at
31 Dec 2020
£
Restricted income funds:
-Seminary
33,141
-Hymnal
19,258
-Church planting
77,578
Total restricted funds
129,977		 2021
£
89,448
(17,550)
71,898
Outgoing
resources/
transfers
£
(33,141)
(1,396)
6,153
(28,384)		 2020
£
186,445
22,339
208,784
Balance at
31 Dec-21
£
-
17,862
83,731
101,593

Restricted funds are solely for the use of capital restoration projects and for church growth.

15 Related party transactions

In addition, £4,180 was received in donations from related parties (Trustees) during the year.

16 Analysis of net assets between funds

Fund balances at 31 December 2021 are represented by:

Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted
funds
£
971,384
144,788
(6,316)
1,109,856		 Restricted
income
funds
£
83,731
17,862
-
101,593		 Total
funds
£
1,055,115
162,650
(6,316)
1,211,449

14