2022-12-31-accounts

. NELSON STREET. NELSON STREET CHURCH ROCHDALE Annual report and accounts forthe period endin8 31 December 2022 Company registration no. 12881554 Charity no. 1192073 CONTENTS PAGE NO. Reference and administrative details of the charity Trustees report Trustees Annual Report Independent Examiners report io Statement of Financial Activities li Balance Sheet 12 Notes to the Accounts 13-18

.NELSOt4 STREET. Reference and Administration Details Nelson Street Church Rochdale is a charitable company limited by guarantee without share capital, incorporated on 15 September 2020 and registered as charity on 29 Ortober 2020. Charity name: Nelson Street Church Rochdale Charity no.. 1192073 Company no.. 12881554 Board of Trustees.. Revd Janie Cronin (Chairl Mr Mark Elsdon-Dew Mr James Cronin Mr Michael Ainscough Canon Karen Smeeton {appointed 24101120221 (appointed 08112120221 (resigned 05107120221 Iresigned 29109120221 Mr Michael Starkey Mr5 Sarah Jackson Company Secretary: Mrs Llnda Mycock Ioperatlons Manager) Registered Office: 6 Nelson Street Rochdale OL16 INL (changed 21101120221 Derek Rodwell Impact the Future Ltd C/0 Bennett Verbv Stockport Independent Examiner: Cheshire SKI IEB Principal Banker5: Virgin Money {formerly Yorkshire Bankl 9-11 Yorkshire Street Rochdale OL16 IBL Nelson Street Church Rochdale. 6 Nelson Street, Rochdale OL16 INL Company registratlon no. 12881554. Charity no. 1192073

.NELSOII STREET- Nelson Street Church Rochale Trustees annual report for the perlod endin8 31 December 2022 The Board of Trustees present their report5 for Nelson Street Church Rochdale for the period ending 31 December 2022. StrltctU￿ Governance and Mana ement Governin8 Documents The organisation is a charitable company limited by guarantee without share capital, th th incorporated on 15 September 2020 and registered as a charity on 29 October 2020. Nelson Street Church Rochdale was established under a Memorandum of Association that establishes its objects and powers and is 8overned under its Articles of Association. Members of the charitable company guarantee to contribute an amount not exceeding £10 to the assets of the charitable company in event of winding up. Structure The dirertors of the company are also Charity trustees for the purpose of charity law. The Board of Trustees is responsible for the governance and management of the church. The responsibility for leadership of the church's activities, development of its spiritual life and its daily management has been delegated to the senior leadership team who are supported in that role by the staff team including clergy. The Board of Trustees retains final decisions over policy, employment of staff and finan￿, and takes responsibility for all matters of legal and regulatory compliance. Trustees give their time voluntarily and receive no financial benefit from the charity. Trustees are appointed by trustee members and can be appointed by ordinary re501ution at a general meeting of members. Declsion Making All financial and strategic decisions over £10,000 are taken by the entire Board of Trustees. Any financial and Strategic deci5iorrs over £5,000 are taken by the senior leadership tearn. The organisational implementation of the strategy is carried out by senior leadership. The Revd Janie Cronin fulfils the key daY-t0￿daY senior management role. The salary of the key management role is paid by the diocese in accordance with the agreed salary structUTe of ordained personnel in the Church of England. Trainlng All staff, volunteers and trustees undergo formal recruitment and selection process, followed by an induction period that includes any training Considered necessary to Nelson Street Church Rochdale, 6 Nelson 5tTeet, Rochdale OL16 INL Company registration no. 12881554. Charity no. 1192073

.P4ÈLSON STREET. effectively perform their role. Senior Leadership of the church consists of clergy. whose pay IS Set via stipend. the level of which is set by the Diocese. Volunteers The church benefits from the dedicated work of a great number of volunteers. In accordance to FRS 102 and the Charities SORP11021, the economic contribution of general volunteers is not recogni5ed in the accounts. Objectives and Actlvltles Nelson Street Church Rochdale is an Anglican 'Bishop's Mission Order, Church, led by Revd Janie Cronin who wa5 commissioned by the Bishop of Manchester to plant a resource church in Rochd81e, Our objectives are set in our governing documents, the Memorandum and Articles of Association, which was agreed by the Board of Trustees in September 2020. Our objectives: The advancement of the Chrlsilan reli8lon princlpally: through the provision of an Anglican place of worship in Rochdale, and by contributin8 towards the establishment, renewal and revitalisation of churthes with the Anglican communion. The Board of Trustees is committed to the vision statement of the church to play our part in the re- evangelisation of the nation, the revitalisation of the church and the transformation of society by 'loving God, loving people and making a difference,. In accordance with the vision statement, the church aims to meet its objectives through the provision of church services, courses, and planting churches. Given the diversrty of the church's attivities, performance is measured on a ca5e-by-case basis. Publlc Beneflt In accordance with our duties as stated in sertion 17151 of the Charities Act, we have considered the guldance provided by the Charlty Commisslon regardlng public beneflt. Thls public benefrt ha5 been demonstrated by the activities undertaken since inception of the charity outlined in thi5 document. Achlevements and Performance Since the charity was formed all decisions made and the structure put in place will help us deliver our vision as stated above. Nelson Street Church Ilochdale, 6 Nd50n Street. Rochdale OL16 INI Cornpany registration no. 12881554. Charity no. 1192073

-P4ELSON STREET. Highlights of the period January 2022 to December 2022 include: Sunday Services- In December 2022 average Sunday morning attendance reached 75 adults and 32 children each week. In September we celebrated 12-months of meeting in the church building with 109 people who stayed for lunch. Approximately 60% of the congregation were previously de-churched or unchurched and almost 50% were underthe age of 40. About 55 adults volunteered on varlous team5 (worship, AV, welcome, hospitality, children) over the period of a term. Dedication Service- in June 2022, 224 individuals (173 adults and 51 children) attended our first Infant Dedication Service. 3 unchurched families stayed in regular connection with Nelson Street Church as a result of this service. Youth SeNice- Nyouth led the service 3 times in 2022, with over 100 individuals attending each one. The service was fully led by the youth - including sung worship and sharing a thought, The Nyouth band was made up of young people representin8 4 local churches. Children - Throughout 2022 two children's groups ran alongside the Sunday services for those aged 0-3 INTotsl and 4-11 INKidsl. These sessions were attended by approximately 20-30 chlldren each week. Youth- Nyouth continued a fortni8htly Youth Group on a Sunday evening aimed at discipling 11-18 year olds. On average, 16 young people attended these sessions on 3 monthly basis. The Nyouth Band practiced every fortnight. A more social Nyouth session was launched on a Friday evening in Jarruary 2022. By Decernber 2022, an average of 30 young people attended each month. Nelson Street Church Rochdale linked in with The Message Trust and other local churches to host a music event attended by 75 young people from Rochdale. 45 young people from Rochdale were taken by coach to the Festival Manchester event in Wythenshawe in July 2022. Alpha - 3 Alpha courses - a 7-week course that gives 8ue5ts the opportunity to explore faith and the meaning of life whilst sharing a meal and developing community- were run in 2022. 2 adult courses lin February and October) and a Youth series in April. A total of 29 people completed the course. The Bereavement Journey-The Bereavementjourney course, to support those dealin8 with grief, was run twice in 2022 Imay and October). 14 individuals completed the course, predominantly with no previous connection to Nelson Street Church Rochdale. A local hospite has started signposting relatives to this course. Llvlng In Love and Falth- thls course was run iwlce In 2022, In June and September, w￿h the aim of providing a safe place for individuals from both Nelson Street Church Rochdale and other local churches to explore and discuss the concepts of sexuality and identity within the context of Christian faith. Ne150n Street Church Rochdale. 6 Nelson Street, Roehd3le OL16 INL Company registration no. 12881554. Charity no. 1192073

.NELSOW STHEET. Spirit Café- This initiative was launched in August 2022 to engage with the unchurched and particularly those seeking spirituality was launched. This takes place once a month. Deeper Teaching- 4 bible-based teaching series were run throughout 2022, including series on Hearing God's Voice and a series on the Father Heart of God. We also ran a Ministry Training session. Community and Soclal Artion- A carer and toddler group called NTots ran each week for parents in the local communityj With an avera8e of 24 attending. Throughout the summer of 2022 various 'Pop-Up' activities were hosted throughout Rochdale, includin8 3 Forest School experience, free craft5 in the local shopping centre and film nights. In November 2022, Ne150n Street Church Rochdale hosted an event named 'Survive the Squeeze' an information and signposting evening to be a resource to Rochdale residents in the Cost of Living Crisis. This event was then replicated for the local council as part of their wellbeing week for their employees. Boxes of Hope- In December 2022 we teamed up with The Message in Prisons to pack several hundred Christmas packs to be distributed in a North-west prison on Christmas Day. Christmas 2022- In December 2022 we celebrated Christmas by holding a Family Picnic, and Nativity Service and a Carol Service, all of which were attended by over 100 people. On Christmas Eve we hosted another called 'Bedtime Stories' an opportunity for families to hear the Christmas story in their pyjamas and with hot chocolatesl On Christmas Day, 45 people attended church and a lunch was Provided for 7 people from the community who had no other family to spend the day with. The Christmas Market was a new initiative for 2022, with 24 stalls of local small businesses and an estimated 300 attended throughout the day. Resourcin8- All the courses facilitated by Nelson Street Church Rochdale in 2022 were offered to local churches, prlmarlly other Church of England churches. A Jolnt Easter Tenebrae service was held with St Chad's. Future Plans Plans for 2023 include- Future plans of the church involve continuing the activities outlined above, as well as relaunching The Marriage Course and to start ParenTalk, a course by Care for the Family. We plan to offer these courses as a resource to other local churches and community groups. We also hope to develop stronger links with local sehools and colleges. We plan to launch a series of Warm Café Space5, in the winter/ spring to provide a place of community and to assist those struggling financially with the rising cost of living. We aim to have a weekly 'Stay and Play Café, for primary aged children and their parents. We also aim to host a weekly 'Friendship Café, during the day with free refreshments, cake and access to Nelson Street Ch￿r¢h Rochdale. 6 Nelstrn Street, Rochdale OL16 INL Cornpany registratiorg no. 12881554. charity no. 1192073

.NELSON STFIEET. board games and someone to chatto. We are also lookin8 to launch a 'College Café, to create a space for college students once a month. We also plan to launch Ceroc sessions - a partner dance which is a great tool for buildins friendship and community. We plan to take families from Nelson Street Church Rochdale congregation to Focus, a Christian festival hosted by CRT. We will also host our first weekend conference, with several sessions of teaching and worship throu8hout the weekend. This will lje a resource for local Christians. We will also invest in raising up leaders with a view to plant churches in Rochdale and the surrounding areas. Volunteefs Nelson Street Church Rochdale uses volunteers to help support all aspects of its ministry. At a normal Sunday morning seNice bythe end of 2022 we had an average of 105 attendees 175 adults, 32 under-16sl with 55 volunteer5 to support the hospitality, worship, kids and youth teams. We also have 20 volunteers to help with our variou5 courses. Any midweek events such as The Bereavement Journey, Alpha, Spirit Cafe and the Youth Nights could not be run without substantial volunteer teams. Key risks and uncertaintles The principal risks and uncertainties that the trustees see as facing the charity and anv Subsidiaries include the ongoing responsibility of the financial cost of maintaining the Church premises a5 well as SDF grant funding for staff roles tapering off in 2025. The trustees plans and strategies surrounding these risks include working closely with the Diocese to explore opportunities to apply for relevant grants as well as forecasting and budgeting for the increased financial re5ponslbilities. The trustees are aware of the impart of COVID-19 on the launch of Nelson Street Church Rochdale, primarily in not being able to fully launch as a chufch until September 2020 and therefore losing 12-months of congregational giving. However, the impact of thi5 was lessened by the delay In the hand-over of the church premlses and the reduced runnlng costs. The Trustees are aware of the potential impact of the rate of inflation and cost of living on congregational income and are reviewing this throughout the year. Financial Review In 2022 the total income for the church was £296k12020-21 £308kl of which £118k was unrestritted12020-21 £114kl. Expenditure during 2022 totalled £217k12020-21 £324kl. The surplus on unrestritted funds in 2022 was £47k12020-21 deficit of £23kl leaving a balan on unrestricted reserves at the end of the year of £25k. Restricted reserves came to £39k at the end of 2022, up from a £23k deficit in 2020-21. Ne150n Street Church Rochdale, 6 F4elson Street. Rochdale OU6 INL Company registratton no. 12881554. Charity r*0. 1192073

.PIELS014 STREET- For more details behind these figures please See the financial Statements following this report. Reserves Policy The Board of Trustees are aware of the need to maintain sufficient reserves. The aim is to have three months of free li.e. unrestricted excluding fixed assets) reserves at any time. At the end of 2022 there was £117k of free reserves before taking into account the loan of the same amount which is now due to be repaid be8inning I" July 2025. By the time the loan is due to start being repaid the aim will be to have built up the free reserves, net of the loan, to the three month figure of around £25-30k. Safeguardin8 The Board of Trustees have adopted the Diocese of Manchesterfs safeguarding policy relating to children, young people and vulnerable adults and appointed Revd Janie Cronin and Mrs Linda Mycock as Safeguarding Oflicers. The Safeguarding Officers have completed the necessary diocese training couises in safeguarding young people and vulnerable adults. The trustees are commitied to the prlnciples of best practice in relation to safeguarding and comply with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 in respect of having due regard to House of Bishops, guidance on safeguarding children and vulnerable adults. The guidance can be read in full on the Church of England official website. The Board of TNstees responsibilltles in relation to the Flnanclal Statements Charity law requires the trustee5, who are also direttor5, to prepare a statement of financial activities and statement of assets and liabilities for each financial year, which gives a true and fair view of the state of affairs of the church and of it5 financial attivities for that year and adequately dlstinguishes any material special trust or any other restricted fund of the church. In preparing those financial statements 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 pollcles adopted are In accordance wlth approprlate SORP on Accounting by Charities and the Accounting Regulations and with applicable accounting standard5, subject to any material departures disclosed and explained in the financial statements; prepare the accounts on the ongoing concern basis unless its inappropriate to presume the church will continue to operate. The trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the church. and to enable them to ensure that the financial statements comply with applicable Accounting Standards and Statements of Recommended Practice, the Companie5 Act 2006 and the regulations made Nelson Street Church Rochdale, 6 Nelson Street, Rothdale OL16 INL Company rezistratioTr no. 12881554. CharSty no. 1192073

-NELSON STREET. under the Chartties Att 2011. They are also responsible for safeguarding the assets of the church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. On behalf of the Board of Trustees Revd. Janie Cronin Senior Leader and Chair of Trustees Date: Nelson Street Church Rochdale. 6 Nelson St¥eet, Rochdale OL16 INL Company registration no. 12881554. Charity no. 1192073

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF Nelson Street Church, Rochdale (the ‘company’)

Independent examiner’s report to the Trustees of Nelson Street Church, Rochdale

I report on the financial statements of the charitable company for the year ended 31 December 2022, which comprise the statement of financial activities, balance sheet, related notes and are set out on pages 11 to 18.

Respective responsibilities of trustees and examiner

The charity’s trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 145 of the Charities Act 2011 (the 2011 Act). The charity is required by company law to prepare accrual based accounts.

Having satisfied myself that the charity is not subject to audit under part 16 of the 2006 Companies Act and is eligible for independent examination, it is my responsibility to:

• examine the financial statements under section 145 of the 2011 Act;

• to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and

• to state whether particular matters have come to my attention.

This report, including my statement, has been prepared for and only for the charity’s trustees as a body. My work has been undertaken so that I might state to the charity’s trustees those matters that I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to any other than the charity and the charity’s trustees as a body for my examination work, for this report or for the statements that I have made.

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An 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 consideration of 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 a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

I have completed by examination. I confirm that no matter has come to my attention:

• which gives me reasonable cause to believe that in any material respect the requirements

• to keep accounting records in accordance with section 386 of the Companies Act 2006 and section 130 of the 2011 Act ; and

• to prepare accounts which accord with the accounting records, comply with the accounting requirements of the Companies Act 2006 and Regulation 8 of the Accounts Regulations and 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.

Date: 20[th] September 2023

Derek Rodwell FCCA, Impact The Future Ltd, Bennett Verby, 7 St Petersgate, Stockport, Cheshire SK1 1EB

Page 10

NELSON STREET CHURCH, ROCHDALE srATEAIENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022 Unrèstrtctèd Rastdctsd Total UnrnBtkfjctad Rastrkted Total fund5 fund5 lunds fund8 fund5 funds 2022 2022 2022 2020-21 2020-21 2020-21 Not INCOME FROM: Voluntary lrtco 116,438 178,264 294.702 113,985 193.904 307,8B9 Incomo from charltable BCtl¥ltles Courses, events, occagonal seNi¢es etc 1,742 1,742 352 352 TOTAL INCOME 118 180 178 264 296 445 114337 193 904 30B 242 EXPENDITURE ON.. Chadtsblo actlvltle8 cap￿￿1 & Sèt Up Cots ildings & Maintenan Central costs Worship & s8Nlr*8 Youth & ChildTen Cour5e5. Outreach & &)cial 8Ctiors 8,991 29,731 10,091 10.23S 6,062 3,674 559 9,551 1.702 31A33 60.592 70,683 29.409 39,644 54.277 62,339 3,674 124,694 2,193 5.001 2,432 1,070 1,585 41,000 16S,694 13.216 15,409 46,848 51,849 38,171 40,603 44,68B 45,758 3.070 4,654 TOTAL EXPENDITURE 71),7BS 146,539 217,323 138,975 180 992 323 967 NET INCOMING I IOUTGOINGI RESOURCES 47,396 31.725 79,121 122,6381 6,912 115,7261 Total brought foThvard 122,6381 6,912 115,7261 TOTAL FUND5 AT 31 DECE%IBER 24,758 98,637 63.396 6,912 15,7261 Accountlng peylod N818on Street Churth was registtrred as a charity on th& kn of October 2020. The compsrdtive p8ri0d was ther8for8 approximat8ly 14 month6

NELSON STREEf CHURCH, ROCHDALE AIANCE SHEET AS AT 31 DECEMBER2022 318TpRCWR￿22 31STCECEhEER2D21 FIXED ASSETS Tanglble assets 28.817 28.817 39275 39275 CURREP4T ASSETS Sundry D&btrXS Cash aib8nK 8.281 148244 158,524 9,921 ,878 cRED￿aRs. amourt8 fallkng du8wthln12 monlhs 15.915 {4,540)￿1 115,9151 NET CURRENT AS$Ers 151,984 49,8B3 CREDrroR8". aftor 12 IllOIIUI8 1117.41071 1104.wl NET ASSETS 63395 15.726 STATEMENTOF FUNDS Rastrlcted fijnds Unrestrtci2d funds 38,￿7 24.758 8,912 122,63BI TOTAL FUNDS 15,726 The noteson pages 13 to 18 partofthe59fin8nclal ststernents. Fofii)B Ptrfknl (irtdtrd 37 LIoC8M￿2ff1?, IlJ&)GtrlnP8nywas&nlKl8dlo lh8 8X8fflpllon Irtlfftaudll ResponslblliUes oldlredN8rtnislees.' 8. Th8 m8mb&ts h8v8noir&qulr8dth8ch8rlt8bl8comp8nyloobt8ln8nÉudl ollls 8ttounts for theye8rln quesllon in accord8nce wlth Sectlon 47801th8 Comp8n18s Aci. howw, In a￿￿0[dOn6& wilh $8dion 145ofthe Cha￿1￿8$ Act2077 Ihe 8ccounls have bgen exafflin8dbyan In¢Jep8ndenl 6xamln8rwlyosé rwrt lorms p8rtoflhts docum8nr. b. The diTeGforsAwstees 8Gknobvledge Iheirresponsitslities forGomplying wrfh the requirementsof thè Gompart>sAGt wllh resp￿[ 10 8GcounItrw reGords ano Ihewepar8rth 018¢cow?ts. The$eaGGountsh&vebeenw￿￿d1￿aCc0Ttt&￿￿ wlth Ihe w0￿810n8 8pthb18 10 compaThéssubJ8Gt to Ihe sffl8NGornpante5 regNne. Approved bythe boaTd ofdirectors and slgned on behBlfofthe board, Revd Janle CronlTh Dated.. Company ra9lstratton numbÈr. 12B81554 Page 12

NELSON STREET CHURCH, ROCHDALE Notes to the accounts For the perlod ended 31st December 2022 I ACCOUNTING POLICIES Basis of preparatlon The financial statements have been prepared in accordance with the Companies Act 2006 and Accounting and Reporting by Charities.. Statement of Recommended Prattice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20151- (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. Nelson Street Church Rochdale meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accountln8 policy notelsl. The trustees consider that the Nelson Street Church Rochdale is a going concern and have accordingly prepared the accounts under the historical basis of accounting. The trustees are confident that with the continued support of the congregation, and appropriate management of expenditure, the church is a going concern and will continue to be financially viable in the foreseeable future. Budgets and cash flow forecasts are in place for 2023 and leve15 of free reserves at the start of 2023 were adequate for projetted levels of expenditure for 2023. Funds General fijnds represent the funds of the charity that are not subjett to any restrictions regarding their use and are available for application on the general purpose5 of the church. Restricted funds are those donated for specific Purposes. Income Voluntary income and copital sources Donations and other income are recognised when received and an estimate of income tax recoverable is recognised when the related donation5 are recognised. Grants and legacies to the church are accounted for as soon as the church is notified of rts legal entitlement, the amount due is quantifiable and its ultimate receipt by the church is probable. Flxed assets Additions and improvements to the newly acquired church premises are written off as incurred. 13

Only items costing £1,000 or above are capitalised. Fixed assets are depreciated on a straight line basi5 a5 follows.. Improvements to the buildings- 10 years Fixtures and fittings including elertricals.. 5 years Plant & machinery including Sound and audio.. 5 year5 Computer equipment: 3 years Current assets Amounts owing to the church at 31 December in respect offees, rents or other income such as gift aid are shown 35 debtors less provision for amounts that may prove uncollertable. 14

NELSON STRE￿ CHURCH. ROCHDALE NOTES TOTHE FINANCIALSTATEMEMTS FOR THE PER￿• ENDeD DECEMBER 31ST 2022 Unre&trlBt•dRostrl¢tsd funds nds 2022 2022 Total nd5 2022 Unraslrlctod R￿tr￿tsd Toial lund8 furvJ5 furKI8 2020.21 2020-21 2020-21 INCthME FROM.. 2 Vduntsry G￿Ing &nn8d giving 1>8nls f￿M the SDF Othergrants (￿h￿rdonatiOnS Cash colleclknns Giltald tax 36947 36,947 146.598 32.728 72,35B 6,269 6,269 192.004 192,004 1,750 106521 146,sgB 31,667 1,061 72358 IL14,771 150 2,945 6.073 6.073 2,945 116.438 178 264 294.702 113 985 193.904 307.889 3 Gharttabl& a¢tNIiiès Bereavem8ntJourney Nklds Social AcUonlOJtrèath (Xh8rintorlle 320 623 643 320 623 214 214 156 138 138 1.742 1.742 352 352 4 CHAR ￿ABLE ACTNMES. EXPENDrruREANALYSIS Uw88t*lcted R•strlctad Totsl fund8 fund 2022 2022 Unr•strl¢tsd Restrlctad TofBI funds fwid8 funds 2021141 2020-21 2020-21 2022 Capkal antls8t ¥) C08ts FU[ni￿re & equlpm8nt-church & office Purtha5e of buiiaing & land, archlte¢t8 roos etc Re￿Ibl$hm?ntO1 thurth bulldlng Rentsl eosts (Aherselup rx)5ts 2,307 70 2,377 7,249 27,522 4.754 34.771 4,754 117,407 2fi83 6D80 117.407 8.822 3,063 329 160 8.951 3,223 2.883 6,042 38 8,991 559 9,551 124.694 41,000 165.694 Chvrch uJlllles Offl¢è udllties & councll tax Cleanlng.waste & tsanitary Insurance Securlty HeBIth & aufety Serylclng and tnalntsnaThce Depred8Uon 15.734 1.671 4.433 977 2043 276 1,752 2,041 1.648 17.282 1,830 4.433 977 2,843 278 1,752 2,041 1.099 5,711 482 3,732 855 2,046 ,810 482 3,749 855 2.046 447 57 1,020 1.020 1.702 2.193 13.216 15.409 C•ntral toam C￿t$ Cl)erallons Managerand Admln Salarfgs Prinllng &stalon•ry Parlsh Share MaTketing and publicty Communlcalion5 Iphona. broadband atcl Accountants and prof8sslonal costs Fumllure & equipmeni Training and recrulkn￿nI Finance diarges Focus Costs 39,676 186 20,000 39.676 962 20.000 26.g62 1,108 13,500 1.068 659 245 117 T70 1.410 28,962 4.065 13,500 1,107 737 1,495 453 823 1,529 776 2,957 647 1.104 1,3DO 2.145 e35 429 864 39 100 1.204 1.300 2.145 690 997 1,25D 336 52 110 S2 588 Pège 15

Travel, subsisten(x Bnd hospilality Subs¢ripVons,Ilcens8s and sOr￿ar@ Other ￿nts￿l (x)s 1.330 601 456 1.330 610 456 67 483 342 185 55D 342 70,683 5,001 46,848 51 B49 Worsl4p& servlBes costs Worshlp salanes Equlpmeni Licansesand subscrlpllons Hospitalityand integrat￿n Chrisbnas. Easterand spedal serw Ctherworship costs ersetvice cos 27,475 1.833 27.475 7.224 30,818 4.246 1.091 855 3D.818 5.852 1.091 773 708 291 1,070 5.390 1.606 1.985 1260 338 414 1.985 1.2eo 439 414 118 708 291 1,070 35 39,644 38.171 40.603 Youth & chifdron Salaries Youth team equlpTrent& resourc88 Team hospltsllty Youlh Team Even Youth team general costs Chlldren's wotk 8qulprnent& resoU￿S Chidrenswork outregch and schools work Childrens workevenls and parties Ntots Children'5 work- generdl costs 54.277 54.277 2,149 292 405 404 2,150 1.092 330 581 6S9 35.957 160 35.957 916 2,149 292 405 404 2.150 1,092 330 581 659 756 67 101 243 4,101 309 4,202 147 4.227 4.373 8.062 54.277 82.339 Course¥, 0￿¥a¢handSo¢lal actloh 8eieav8m8nlJourn&y CAP COS parenong Jpha Social acbonloutreach re50u¥¢esetc CAhercourses cos 49 177 49 177 192 90 733 192 90 733 973 2.400 75 973 2.400 75 1,585 2,055 3NO 74 3,674 1.585 3.070 4.654 Total¢￿1 146 539 217 323 136 975 186992 323 67 Afee of£1,250wasarxrued In the pefiod for Ind8pende18xamlnalon and preparationofaccounts 5 SALAR￿5 Anatysisorpayroii lad￿1￿1thred by MDBFI.. 2022 2021 Gross pay Ernployers Nl EThployers Penslon 113,523 6,058 1.846 88,487 4,014 1,236 121428 93,737 In the 12 monlh p8rlod ended 31s1 Decembgr2022 ble¥8 W8S an av8règtr of4.56 FTEI2D20.21 2.6 FfEI ofstaff. Averag8 Staff nurnbetswere S. The key managem￿1 role was filled by the R•vd Jan8 Cronln who Tecaived hersa18ry frem Iho dloc888 and recelved no emolurn8nts orbenefits In ￿nd from Nelson Str8elChufth. Expenses Incu￿84 on beh8lltsfthe rhurth were refvnded ag8inslrec8lpts. Nom8mberofstaff received renumèmtion ofabove £6D,000 PdgR 16

6 TANG18LE F￿e0 ASSETS Compu￿[ Other Equlpmenl Equlprnèni ToTal Openlng balanr 111122 Purchases Closlng balen￿ 31112122 13.081 30,471 43.558 13.087 30,471 43558 Opening balance 111r22 Chaw& for the p&riod Closlng balance on accumulatsd depreck4l￿n 31M2122 1,186 4,362 5,54e 3.09e 6,094 9.192 4284 10.457 14,741 Closlng balance on fixed assets 31M2r21 11.901 27.373 39.274 Closing balance on fixed 0s88ts 31112rL2 21.279 7 DEBTORS 2022 2021 ftald 8c(xued Gr8nts awatde¢J not r8celved cther Income received noiyetffi bankaccotsnt 2.131 5,000 1,150 2,945 6.400 578 8.281 9.921 cRED￿OR8.. AMOUNTS FALLING DUE WITHIN 12 MONTHS 2022 2021 Amounts fa14ng di￿￿khI￿anA yoar Accrualsano defeiied Income MDBF loan repoyabl8 In nèxt 12 rnonths 4,540 3392 12,523 4.540 15,g15 9 cRED￿oRs.. AMOUNTS FALUNG DUEAFfER 12 WNTHS 117.407 104,884 Thg MDBF aY￿ad a loan ofvp ￿ £120k to NSCR to helpfijnd Ihe refurbishment ofh8 building_Al tha 31stolDe￿Trber2O22 the arllounl spanton behalfofNSCR was £117.406.76. Ot>lh2 2nd elAugus120Z3 Itwas agreed thatlhe repaymenls would b8 rnade over60 months commanclngfrom the 1stofJuly2025. WdryJmstanes pemltthé loan wlll be rapald 8tan earflerdate. loa STATEMENT OF M¢WEIAENTS IN FUNDS 2022 C*enlng hrA)ming Ba19nce r88ources 2022 2D22 Resources closlng eYp8nd8d balance 2022 2022 118180 24,758 FIx00as5•ts pfyldfor by r•Jtrlc10dftMth.SDF 8.25S 4.422 Fur SDF grant tOW8rds ttsnning costs SDFgranltowards s8larie5 SDFgronllorS&t Up SOF Parish Shara Chureh Kltshtn donBtioTr Diocesan EnargyGrdnl Church Hanidonations 657 3,760 11.8681 121,428 1121.4281 160 11601 20.000 12D,OODI 25.000" 1,250 6.687 178.264 1144,7061 2￿9 25,000 112501 6,867 34216 657 Total ro8tYlctedfundB 6.912 178.264 1146,5391 38.637 Tot•1 F4thd• 15.726 298 445 217.323 63,396 Pège 17

10b STATEMENT OF MOVEMENTS IN FUNDS 2020Q1 OpenSng Incornlng Balance f&50urra& 2020-21 2020-21 R8sourcè8 doslng expended balance 2020-21 202￿21 strlctsd F 114.337 136.975 22.638 trlctedf Fl¥gd o$sots pgldlor by ro8trl¢todfundJ. SDF 7,3D1 11,0461 e,255 Funds SDFgrdnttowards wThnlng costs SDFgr8nttowards sa18r￿S SDFgraniiorSei up CRT Love ch￿s1r￿a5 54,796 154,1391 93.737 193.7371 36.170 136.17UI 1,900 1,900 18e,603 1185,9461 657 657 Total roitrlct•dfLmds 193,903 1186,9921 6,g12 Total Funds 308,241 323,967 15.726 8DF grants The Nelson streetchu￿ Rochdal?INSCRITXDJect ￿ belng fund8d byth8 Chuld) Comtssloners ICC). The prlfyctvlll be d81Sv8radlolnUy by NSCR and U)e MDBF (Madiester DI0￿9￿1k Board of Flnanc81. The sllpendary costs 019 vicar and CU￿te forih&fltst5yèars plus the coslof refurblshing ihe church wlll bè metdireGUyoulofthe CC gr8nts by MDBF and these are notreflected In trese accounts. Runnlng cosis of up to £208k. %el UP Gosts of upto£40kand SAlary costsof up 10£595kwlll be covered by NSCR who wlll c181m Gotsts inGUtred backfrom the MDBF. RunnSryJ costs. setup costs and salaries costs Sncurr8d bytha MOBF on behalfofNSCR are also relected Sn thase accounts as are Ihostr Costs Inculred by NSCR diFe¢Uy and rdaimed from the CC vig the MDBF. Par￿h Sh8r8 costs of£126koverthe period are also covereo bY￿e granL The b)tal dalm8d each yègr by N8CR Mll be Teducad bytht ¥[rK￿ntofcAMgregafjo￿al [Trc0￿ gen8ratad whkj) Is esumated to be a total oft3fj0 Atot8101£41,326 was reported foro)ngrag8tion81 IncoThe lorthe perfod from Apdl 2021 th Dèc8mber2022 These accountsfor 2022 refteclthe amouots sp8ni8nd claimed by NSCR from kne MDBFwltsfihe toialsgranted bythe CC up to the end of2022. Afvth&r£65kwas secured troTh Ihe SDF In May 2023for8 childreD'swoser starung atsr U)8 surnm8rof2023. 11 ANALYSIS OF NET ASSETS8tTY￿EN FUNDS Unrestrfcted Restdcied nds nds 2022 2022 Total nds 2022 UnTe5tr1cted Reytrlcle funds lunds 2021 2021 T¢tal funds 2021 Fixed assets 24.396 122,309 14,5401 1117.4071 4.422 3421e 28,818 156.524 14.5401 0 1117.4071 33,019 6.255 39.275 e3,000 2,799 6S,799 113,7731 12,1421 115,9151 1104,8841 0 1104.8841 Crediknrsdue wthin one year Credltor5dug atsron8 year NET ASSETS 24.758 38.637 63,395 22,638 6.912 15.728 12 REiATED PARTE8 No parues related to tha board olthe Nelson Str8etChtsrch, Ri>rhdale recew any ronumwalorsorbènefits In kind In the perfod reported In these finandal skternents. None oflhe trusteesware r8lmbursed forexpenses relating to Ser¥￿eS provlded to the tharftyas trJstÈes. Some expenses ware re￿nded to trusteesfor?xp8ns8s occurred on behalfofthe church. tsw8re recelved from tsustees In 2022 IOtslling£73.750. 13 ¢OMMThMENTS The church h88 rentsd the church bvSldSng trom MD8F tor 10 y8arsfrom the 1stofJuly2020 foron annual ren121 of£1. (kn the 12th ofmay 2D21 the churth ant?￿d into 8 rental agrtèmtrntforoffirE Sp￿￿ o119a Drake Stre?L The agree￿entWey1or2 years alan onnu81 renlof£3,950. Page 1