2022-12-31-accounts - All Saints Presbyterian Church

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ALL SAINTS PRESBYTERIAN CHURCH

Report and Accounts

for the year to 31 December 2022

Charity registration number 1184509

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

All Saints Presbyterian Church Trust information

Trustees Rev. William Schweitzer (Chairman) resigned 16 Sept 2022 Jonathan Winch (Treasurer) Dr Christopher Richards Rev. Benjamin Wontrop (Chairman) 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

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 2022. 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.

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.

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:

The preaching of two public worship services (including prayer, the reading of God's Word, the preaching of a
sermon, and sung praise) every Sunday.
The administration of the Lord's Supper once per month.
The administration of baptism to covenant children and new believers.
The holding of prayer meetings and Bible Study on alternate Wednesdays.
The holding of homegroups across three venues in Gateshead on the other Wednesdays.
Pastoral support to the congregation and others as required, and according to a schedule of pastoral visitation
Practical and financial support, provided through a "Deacon's Fund"
Weekly evangelism on the streets of Newcastle, and supplemented by special events
Regular Christianity Explored classes to introduce newcomers to the gospel

We have continued to support our church plants in Sunderland, Hexham and Zurich, and to provide assistance to Presbyterian churches in Hull and Durham , 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 Glassworks 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:

The holding of a Young People's (youth ministry) meeting monthly.
The holding of a Young People's (youth ministry) adventure camp in the summer.

All Saints Presbyterian Church Trustees' report

Financial review

During the period the Charity's total income was £111,614

During the year the Charity's total expenditure £125,517

The total of the Charity's funds at 31 December 2022 was £1,192,269 which comprised an accumulated surplus on the General Fund of £1,024,056, an accumulated surplus on the capital fund of £71,898 and the accumulated surplus on the Restricted Fund of £96,315.

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

A ministerial assistant will assist with student outreach, including evangelism, and the further development of young people's work.
As our building becomes better known throughout Tyneside, we are looking to increase its community usage.

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.

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:

there is no relevant information of which the Charity's independent examiners are unaware; and
the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the independent examiners are aware of that information.

Approval

This report was approved by the Trustees on 26 October 2023 and signed on its behalf by:

. . . . . . . . . . . . . . . . . . . . . . Jonathan Winch Trustee and Treasurer

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 2022, 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:

examine the accounts under section 145 of the 2011 Act;
to follow the procedures laid down in the General Directions given by the Charity Commissioner (under section 145(5)(b) of the 2011 Act); and
to state whether particular matter have come to my attention.

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:

which gives me reasonable cause to believe that in any material respect the requirements (a) to keep accounting records in accordance with section 130 of the 2011 Act; and (b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Mai L C Mak BSc. Hons. FCA Chartered Accountant

Kinnair and Company Limited Chartered Accountants Aston House Newcastle Upon Tyne

26 October 2023

All Saints Presbyterian Church Statement of Financial Activities for the year ended 31 December 2022

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 2022 £ 84,878 221 26,515 111,614 20,011 33,256 11,167 48,042 13,040 125,516 (13,902) 1,109,856 1,095,954	Restricted income funds 2022 £ - - - - 5,074 - 204 - - 5,278 (5,278) 101,593 96,315	Total funds 2022 £ 84,878 221 26,515 111,614 25,085 33,256 11,371 48,042 13,040 130,794 (19,180) 1,211,449 1,192,269	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

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.

All Saints Presbyterian Church Balance Sheet as at 31 December 2022

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	2022 £ 1,043,557 6,642 144,529 151,171 (2,459) 148,712 1,192,269 1,024,056 71,898 1,095,954 96,315 96,315 1,192,269	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

These accounts were approved by the Trustees on 26 October 2023 and signed on its behalf by:

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

Jonathan Winch Trustee and Treasurer

All Saints Presbyterian Church Notes to the Accounts for the year ended 31 December 2022

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.

All Saints Presbyterian Church Notes to the Accounts for the year ended 31 December 2022

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.

All Saints Presbyterian Church Notes to the Accounts

for the year ended 31 December 2022

2 Income: Donations

Donations Congregation - stewardship 3 Income: Other Elders fund 4 Expenditure: Staff Minister stipend and expenses Other wages	2022 Unrestricted £ 40,625 44,253 84,878 2022 Unrestricted £ 26,515 26,515 2022 Unrestricted £ 16,070 3,941 20,011	2022 Restricted £ - - - 2022 Restricted £ - - 2022 Restricted £ 720 4,354 5,074	2022 Total £ 40,625 44,253 84,878 2022 Total £ 26,515 26,515 2022 Total £ 16,790 8,295 25,085	2021 Total £ 36,941 60,698 97,639 2021 Total £ 12,150 12,150 2021 Total £ 39,502 8,168 47,670

No member of staff was paid over £60,000

All Saints Presbyterian Church Notes to the Accounts

for the year ended 31 December 2022

5 Expenditure: Direct ministry costs

Youth ministry Church fellowship Deacons Fund Hymnal and conference costs Support Seminary (WPTS) costs	2022 Unrestricted £ 26,281 1,640 4,000 952 383 - 33,256	2022 Restricted £ - - - - - - -	2022 Total £ 26,281 1,640 1,250 952 383 - 30,506	2021 Total £ 24,650 1407 1250 1,636 1,223 17,556 144,649

6 Expenditure: Indirect ministry costs

Administration Refreshment Telephone and internet Accountancy fee Bank charges and interest 7 Expenditure: Property Sundry Facilities: Rent and utilities Rates Cleaning Insurance Profit / (loss) on disposal	2022 Unrestricted £ 7,048 411 978 2,640 90 11,167 2022 Unrestricted £ 2,451 32,969 416 2,855 8,389 962 48,042	2022 Restricted £ - - - 204 - 204 2022 Restricted £ - - - - - - -	2022 Total £ 7,048 411 978 2,844 90 11,371 2022 Total £ 2,451 32,969 416 2,855 8,389 962 48,042	2021 Total £ 28,824 456 2,680 560 100 34,590 2021 Total £ - 58,199.00 - 4030 3633 - 65,862

All Saints Presbyterian Church Notes to the Accounts for the year ended 31 December 2022

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

Freehold land and buildings £ Cost At 1 January 2022 955,542 Additions - Disposals - At 31 December 2022 955,542 Depreciation At 1 January 2022 - Charge for the year - On disposals - At 31 December 2022 - Net book value At 31 December 2022 955,542 At 31 December 2021 955,542 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	Plant and equipment £ 121,695 16,944 (18,900) 119,739 22,122 13,040 (3,438) 31,724 88,015 99,573 2022 £ 6,642 2022 £ 190 469 - 1,800 2,459 2022 £ (13,903) 1,024,919 13,040 1,024,056	Total £ 1,077,237 16,944 (18,900) 1,075,281 22,122 13,040 (3,438) 31,724 1,043,557 1,055,115 2021 £ 6,148 2021 £ 180 1,468 3,348 1,320 6,316 2021 £ (77,605) 1,098,013 17,550 1,037,958

All Saints Presbyterian Church Notes to the Accounts

for the year ended 31 December 2022

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 2021 £ Restricted income funds: -Hymnal 17,862 -Church planting 83,731 Total restricted funds 101,593	2022 £ 84,938 (13,040) 71,898 Outgoing resources/ transfers £ (8,965) 3,687 (5,278)	2021 £ 89,448 (17,550) 71,898 Balance at 31 Dec-22 £ 8,897 87,418 96,315

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

15 Related party transactions

In addition, £4,834 (2021- £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 2022 are represented by:

Tangible fixed assets Current assets Current liabilities Total net assets	Unrestricted funds £ 956,139 142,274 (2,459) 1,095,954	Restricted income funds £ 87,418 8,897 - 96,315	Total funds £ 1,043,557 151,171 (2,459) 1,192,269