THE BAY CHURCH (NORTH EAST) CIO FINANCIAL STATEMENTS 31 MARCH 2025 Ch•rfty Numb•r 1189749 BK Plus Llmlt•d 71 Howard Stroe( North Shl•ld• Tyn• & Wear. NE30 1AF THE BAY CHURCH (NORTH EAST) CIO INDEX TO FINANCIAL STATEMENTS YEAR ENDED 31 IAARCH 2025 CONTENTS PAGE Trustees Annual Report detailing-. Structure. Govemment & Management Objective & Activities. Achievements & Perf0m￿nCe Responsibilities of the Trustees: Independent Examinerfs Report to the Trustees Statement of Financial Activities (incO￿K￿tIng the Income and expenditure account) Balance Sheet Notes to the Financial Statements 9.12 THE BAY CHURCH (NORTH EAST) CIO TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2025 TRUSTEES ANNUAL REPORT The trustees, who are also direclors for the purposes of company law. have pleasure in presenting their report and the unaudited finan¢ial statements of the charity for the year ended 31 March 2025. REFERENCE AND AOMINISTRATIVE DETAILS R•glster•d charlty nam• The 8ay chU￿h {North East) CIO - name changed on tharity register lo Sancluary Church UK on 7 May 2025 Charlty reglstrallon numbor 1189749 Maln Church Addrnss: Sanctuary Church (fom*rly The 8ay Church N.E.) 1￿111 Whilley Road Wlhilley Bay Tyne and Wear NE26 2ET Web Addross: WVbW.sanctuarythurch.uk THE TRUSTEES The trustees who senied the church during the year were as lollows.. David Wickers (appointed 27 May 20201 James Longfield lappoinled 25 April 2023) Leah Roberts {appoinled 9 July 2024) 1fean￿ Akazue (appointed 9 July 2024) Kirsty Southall (appointed 9 July 2024) INDEPENDENT EXAMINER Nick Liley FCA BK Plus Limited Chartered Certified Accountants 71 Howard Streel North Shields Tyne and Wear NE30 1AF THE BAY CHURCH (NORTH EAST) CIO TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2025 STRUCTURE. GOVERNANCE AND MANAGEMENT Organlsatl¢)n Th8 CIO has a In￿1 deed as a goveming doojment. A board of trustees of up to 5 members. who meet regul*ty to administer thè chanty. These are appointed ty the Trustees in liaison with the Leadership Team as laid out by the govemir twst deed. DuriTrJ 2024125 the t*Mrd of trustees evwy 3 m(x)ths to manage the legal Obl￿81￿)n$ and Charitable objectives ol Swttuary Church. The Leadership Team ￿rir￿J the reportiNJ periol c¢ynw7sed: DavKI Vtckers Cad Harris Leah Harris Abi Bryant Tom Bryant Volunteer16ader- Senior Lead8r Volunteer leader Volunteer leadef Volunteer leader Volunteer leader Rlsk and Flnanclal Manag•ffl•nt The trustees have examined the fflaj￿ strategic. businèss and operational risks which the charity faces and confimi that systerns have been mainlained lo enable regular reports lo be prcfvyuced so Ihal the necessary steps can be taken to lessen these risks. The Trustees confirm that there have been no serious incidents dunng this financial peri1￿. The trustees examined the church finance ￿pOrtS every 3 months, Pfepared by ￿Jr financial adminislfalor Dawn Briggs. The charity maintaine(l a healthy savin9s poSi￿n during the period, and balanced planned income and expenditure against our 12-monlh budget. This process was administered by our financial adminislralor and our administrator together and overseen by Ihe Iruslees. led by David Vickers as the apw'nled Treasurer for the period and signed off by all Iruslees. The trustees agreed to run a small deficit budget of up lo £10.Crf)O for the year. which actually came in ahead of target showing a loss posib'on of only £ 4.656 in the year. We agreed to a deficit budget because Our income declined in tandem with a large decrease in our attendance nurnbets in 2023. which have remained stable since Autumn 2023 and are showing signs of growing again. but at this stage not sufficienty to bn'ng us bad( to a break-even or surplus budgel. Additionally. we continued our &year comrnitnpnt lo fvnd a CAP office in Whitley Bay as a cost of £15000 per annurn lor three years. This is seen as part of our church's outreach lo assist those in need in out locality and Ihe trustees deem this as financialty sound given our large financial reseNe and our very ck)se to break*ven operats'onal position. THE BAY CHURCH (NORTH EAST) CIO TRUSTEES ANNUAL REPORT YEAR ENDED 31 IAARCH 2025 We use GcM)gle's G Suite for the secure. doud-based storage of all charity documenlalion. We have reviewed and cornplied wilh all GDPR dats requirements for handling personal infomialion. During 2024125 the Safeguarding Lead for the organisation was Abi Bryant. There were no safeguarding incidents during the reporting penod. Investment pollcy Under the memorandum and arlides of association the charity has the power lo make any invesbnents that the trustees see fit. No major investm8nls took place during the reporting pericrfl. ACTIVITY Underplnnlng valu• During the reporting period Sanctuary Church OPOfaled from Ihe fdlowing underpinning value... 'Sancluary Church is a welcoming community where anyone can come and experience the lifeolh inside our church and out in our local community, During the year we have maintained our regular weekly and rnonthly services, prayer meeting's. worship gatheriTr3s. knble stuthes. coffee rnomings and any other ad hoc get togethers. Ouring the year we maintained our financial support of the Vthilley Bay CAP office as part ol our outreach lo the community. RESPONSIBILITIES OF THE TRUSTEES Company law ￿qUIreS the Iwstees lo prepa￿ financaal stalem8nls for each financial year, which give a true and fair view of the slale of affairs of the charitable company and of the incoming resources and application of resources. including Ihe income and expenditure. of the charilable company for thal peri￿￿. In preparing these financial statements. the InJslees are required lo: select suitable accounts'ng wlicies and then apply them consistently. observe the rnethtsjs and principles in Ihe Charities SORP: make judgements and estimates that are reasonable and pnJdenL stale whether applicable UK Accounting Slandards have been followed. subject to any material departures disclosed and explained in the financial slalements: THE BAY CHURCH (NORTH EAST) CIO TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2025 prepare Ihe fin¥Kial statements on the g(xng c￿￿ern basis unless it is inappropriate to presume tr￿1 the Charital￿e c(Mnpany w*1 c¥)ntinue in operation. The trustees are resp￿sIble for keepirvj proper acc￿￿tir￿j rec<)rds that disclose with reasonable acojrary at any time the financial wsition ol the charitable company and enable them to ensure Ihat the financral statements comply Ihe CrMTrpanies Act 1985. The trustees a￿ also ￿K￿)nsible for safeguarding the assets ofthe charitable company and hence for takiry reas(K)able steps fw the wevwltion and detectNy) of fraud and other iffegulariti8S. ACCOUNTAKrs Following retirement of David Hodgson of Read, Milbum & Co.. Nick Liley of 8K Plus Limited was appointed to act as Accountant and Indwdent Examiner lo the thaiity. s￿ by onler of thé trustees Church R•gist•red offic•: lo￿111 Whitley Road l•Vhitley Bay Tyne aThJ Wear NE26 2Er Da￿￿ Vickers Treasurer TnJstee Dated: 17 October 2025 THE BAY CHURCH (NORTH EAST) CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BAY CHURCH (NORTH EAST) YEAR ENDED 31 MARCH 2025 I rep)rt lo the charity trustees ￿ my exarnination of ts accLKJnts of The Bay Church (North East) CIO for the year erKJed 31" March 2025. Rosponslbllltles and basls of roport. As the chanty trustees of the Charity, you are responsible for the preparatson of the accounts in accordanca wilh Ihe requirements ol the Charitses Act 2011 {'the Act"). I rewrt in ￿SpeCt ol my examinatvjn of the Charity's accounts carried out under section 145 of the 2011 Act and in carying out my examinatson I have followed all aPpI￿able Directs'ons given by the Charity commi￿on under s8cliM 145(51(b) of the Act. Indep•nd•nl oxamlnoes statom•nt l am qualified to undertake Ihe exarninalion by being a quaIrf￿d mèmber of the Inslilule of Chartered Accountanls in Engband and Wales. I have completed my eXan1nati￿. I confimi that no fflalwial matters have come to my attention in connection the examinabon %*l)rch gives rne cause to believe that in any rnatèrial respacl: 1. The accounting records were not kept in xc(xdanc8 with sectrf￿ 130 of the Charitiè$ Ad.. or 2. The accounts did r￿¢ acLxxd viith the accounting retords,. or 3. The accounts did not comply wth the applicable requirements concerning the fom and content ol accwnls sel out in the Charities (Accounts and Reports} Regulalions 2008 other than any requiiemenl that the accounts give a "true and fair v*w whth is not a matter consrdered as part of an indepeThJent examination. I have no concems and have come across no other matters in connection with Ihe examination lo which aftenlion shoukl be drawn in this report in order to enable proper uTrderstanding of the accounts lo be Teached. NICK LILEY FCA Chartered Accountant 71 Howard Street North Shields Tyne & Wear NE30 IAF Dated .. THE BAY CHURCH (NORTH EAST) CIO STATEMENT OF FINANCIAL ACTIVMES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2025 T•)tsl Total Funds Funds 2025 2024 INCOMING RESOURCES Incoming resources from gewakng fvnds: Voluntsry Incoi Inveslment fftc 50.413 3,647 29.996 3,476 TOTAL INCOMING RESOURCES £54,060 £33.472 RESOURCES EXPENDED Chantable ackn"vrties (56.1191 160.522) 12,5991 13.2281 TOTAL RESOURCES EXPENDEO q58,7181 £163.7501 NET INCOMING RESOURCES FOR ThE YEAR (4.6581 130.278) TOTAL FUNOS BROUGHT FORWARD 496.832 527.110 TOTAL FUNDS CARRIED FORWARD £492.174 £496.832 The Statement ol Financial ActNTrties indudes al wns and tosses In the yew thereth a sla¢emenl of total roo￿nIsed gains arKJ losses has been prepared All ol the above amcwits relate to conts"Thiry activil￿S Thg Tr)tes on page5 9 10 12 Irm wt of Ihese financi￿ slatthiients THE BAY CHURCH (NORTH EAST) CIO BALANCE SHEET AS AT 31 MARCH 2025 Total Funds 2025 Tot* Funds 2024 Not• FIXEO ASSETS Tangible assets 7-7* 187.902 188,605 CURRENT ASSETS Cash at 8ank Cash in HaThJ Oebtcrfs- Tax on Gift Attl r•frJThJaL40 296.933 11 304.470 4,238 338,146 CREDITORS An￿)jnIS due wthin ong y 1 $16) 1 492) NEf CURRENT ASSETS 304.274 308.227 NEf ASSETS £492.176 £496,832 FUNDS Unrestricted incOff￿ lunds 10 492.176 496.832 TOTAL FUNDS £492,176 £496.832 The financial statements wer& apwoved by Ihe trustees ￿ .. ..and svJned on their behalf - (DAVID VICKERS} . (JAMES LONGFIELDI Fcff Thé Bay CIKwch INcKth East) The Th)tes on p¥s 9 to 12 f￿rn wt of these financial slatemenls THE BAY CHURCH (NORTH EAST) CIO NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Not• 1- ACCOUNTING POUCIES la) 8a$ls of pr•p•ratlon The financial ststem8nts of the is a wtdic benefit entity under FRS 102. have been prepared in aCCordar￿e wth the Charities SORP IFRS1021 "ActounliThJ and Reporting by Charities.. Stslemnt of RecorNnended PractKe applicable to charities prepariry their accwnts in accordarKe with the Finartial Rek*Jt'ng Slandard ap[4&71)￿ in the UK aThl Reput4￿ of Irejand IFRS1021 (effective 1 January 20151". Financ￿ Repyti'ng Standwd 102 Yho FinarKial ReF#Yting Standard applKable in the UK aTrJ Republ￿ of IfelaThJ- aThJ the charit￿$ Act 2011. The f￿anCIal stalemants have t*en prepared under the historical cosl conventK>n. (b) Incom• r￿O9nhIon Al irKomfr is recognised the ctwty has entitler7￿nt to ihe incomtr. it is wobable that tha income will be received and the income receNabla can be fftsasured r￿La￿y. DonatK)ns ar• recognised wlw Its (*• rnrAiv•J Iho donatiLK) or has beèn r￿"r￿d In writing ol ￿th Ihe amount aTrJ stluement dale. Thè finanual stsl8ments have been prep￿1 in auxxdancè wlh th8 Stslements of Recommended Praetic*.' Aetounling aThJ ReF*Ytir•J by Charits'es ISORP 2rA15) issued In PAarch 200S arnj aprlicable UK Accwnth"ng Standards ar#J the Charrties Act 2011. The value ol seThices wovided ty Y￿nI80r¥ has nol been included In￿me from Inveslments is induded ￿ th8 yw in whth il 1$ rtteNed (c) Exp•ndftur• L￿1￿.11b'es are recognised as èxFendilure as soon as ￿re is a lfjgal Or¢￿SITu￿.¥e obliga￿.On committing the charity to that expenditu￿. il is probable that a ts)sler ol ec£vK)mic benefits will be required in setllemenl and the arrounl ol the c*lKJats"on can be Thasured r￿la￿. Expenditure is accounled ts on cash basis and has been dassrfied under headings aThJ aggregale all cost related lo the category. Where costs cannot be directy attn'butsble lo partM)Jl¥ heajings, they have been alkxaled lo aelivilies on a basis consistent with the use ol the re￿ree$. Idl Flx•d A¥s•ts All fixed assets are ￿rtialty reccvded at cost (•) D•pr•¢latlon DeprecwtKJn is cabjlated so as to vrtite off the costs of assets. less estimated reshlual value. over Ihe useftjl economic Irfe of the assets as roll￿..- Equipment. FixbJTes & Fitts"rKJS 15% ￿)ng balance basis ExtensNe building renovations and improveffenls lo the freehold kyopety have been camed out during the recent years. Accordingly, the Trustees consider the wopety to be well maintsined a￿1 are satisfied that provision for depreciation of the wopety to be immaterial and accordingly no prowsion has beert made. This is a deparbjre from Ihe requirements of Standard AccryJnting Practi￿$. however, the trustees consider that this ￿lIcY resulls in the accounts giving a true and fair view. THE BAY CHURCH (NORTH EAST) CIO NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 ffj Taxatlon The charity is exempt Irom tax ￿ its than"l*)kn xtivil Igl Reallsod galns and loss•$ There has been no realised gains LY k)sses on InVestr￿ th￿rVJ the year 2025 2024 Nol• 2- VOLUNTARY INCOME Generdl OfferiThJs Spec￿1 OfferirvJs YHA Retreat Mercy Fund Tax Refunds on Gift Aid 21.503 24.524 1,570 1229 240 3.662 28.241 50,413 £29,996 Not• 3- INVESTMENT INCOME Bank Interest R￿1ved £ 3,647 £3.476 Not• 4. CHARITABLE ACTlVtrY COSTS Light. Heal & Waler Repairs & Maintenance InsuranrA Office Administratic￿ Costs 8ank Charges Telephone & Intern YHA Retreal Employment Costs Parish Nursing Cleaning Renamintyrebrand cosls Gifts & Donations Mercy Fund Donations Children's Work Adult Ministries Audiolvideo Costs Core Team Catering Depreciats. 5.538 2.690 1.238 4.731 517 132 629 629 6,578 27.541 2.400 4,0 200 4,772 8.715 15.750 6.840 313 699 24 1.481 820 760 827 630 556 1.086 1.652 563 703 £56.117 £60.$22 io THE BAY CHURCH (NORTH EAST) CIO NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 N4)ts S. GOVERNANCE COSTS 2024 516 492 2.736 Legal Fees £2.599 £3.228 Not• 6- NET INCOMING RESOURCES FOR THE YEAR This stslèd after char9ing.'. £703 £827 Not• 7. TANGIBLE FIXED ASSErs Equipment Ffoehold Fixtures & Frtb'r Total Co•t 183.918 52.244 236.162 183.918 52244 236,162 D•prnclatlon 47.557 703 47.557 703 Chwge tor ts ye 48.260 48,260 Not Book Valu As al 31" March 2025 As al 111 Apil 2024 £183.918 £183.918 £3.984 £187.902 £4.687 £188.605 N¢)t• 7a- CAPITAL COMMrrMENTS Al the year erKI. the Charity has Th) capilal Nol• 8- CREOITORS 2025 2024 Am¢)unts lalllng du• wlthln on• year Accrued Acccojntarscy Charges 516 492 li THE BAY CHURCH (NORTH EAST) CIO NOTES TO THE FINA14CIAL STATEMENTS YEAR ENDED 31 MARCH 2025 2024 Nol• 10. UNRESTrICTED INCOME FUNOS OpenlTrJ balance 496,812 527.110 (4,656) 130.278) Cbsing bthcé 492,176 496.832 12