OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-12-31-accounts

NELSON STREET CHURCH ROCHDALE

Annual report and accounts for the period ending 31 December 2023

Company registration no. 12881554 Charity no. 1192073

CONTENTS PAGE NO.
Reference and administrative details of the charity 2
Trustees report 4
Independent Examiners report 13
Statement of Financial Activities 14
Balance Sheet 15
Notes to the Accounts 16

Reference and Administration Details

Nelson Street Church Rochdale is a charitable company limited by guarantee without share capital, incorporated on 15[th] September 2020 and registered as charity on 29[th] October 2020.

Charity name:

Nelson Street Church Rochdale

Charity no: 1192073 Company no: 12881554

Board of Trustees:

Revd Janie Cronin (Chair) Mr Mark Elsdon-Dew (resigned 22/06/2023) Mr James Cronin Mr Michael Ainscough Canon Karen Smeeton (resigned 08/04/2024) Helen Morley (appointed 12/03/2023) Wendy Oldham (appointed 12/12/2023) Bruce Mytton (appointed 08/04/2024) Louise Waithaka (appointed 08/04/2024)

Company Secretary: Mrs Linda Mycock (Operations Manager) Registered Office: 6 Nelson Street Rochdale OL16 1NL

Independent Examiner:

Derek Rodwell (Impact the Future Ltd.)

C/O Bennett Verby

7 St Petersgate

Stockport

Cheshire SK1 1EB

Principal Bankers: Virgin Money (formerly Yorkshire Bank)

Nelson Street Church Rochdale, 6 Nelson Street, Rochdale OL16 1NL Company registration no. 12881554. Charity no. 1192073

Rochdale OL16 1BL

Nelson Street Church Rochdale, 6 Nelson Street, Rochdale OL16 1NL Company registration no. 12881554. Charity no. 1192073

Nelson Street Church Rochdale Trustees annual report for the period ending 31 December 2023

The Board of Trustees present their reports for Nelson Street Church Rochdale for the period ending 31 December 2023.

Structure, Governance and Management

Governing Documents

The organisation is a charitable company limited by guarantee without share capital, incorporated on 15[th] September 2020 and registered as a charity on 29[th] October 2020. Nelson Street Church Rochdale was established under a Memorandum of Association that establishes its objects and powers and is governed 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 directors 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 finance, 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 resolution at a general meeting of members.

Decision Making

All financial and strategic decisions over £10,000 are taken by the entire Board of Trustees. Any financial and strategic decisions over £5,000 are taken by the senior leadership team. The organisational implementation of the strategy is carried out by senior leadership. The Revd Janie Cronin fulfils the key day-to-day senior management role.

Nelson Street Church Rochdale, 6 Nelson Street, Rochdale OL16 1NL Company registration no. 12881554. Charity no. 1192073

The salary of the key management role is paid by the diocese in accordance with the agreed salary structure of ordained personnel in the Church of England.

Training

All staff, volunteers and trustees undergo formal recruitment and selection process, followed by an induction period that includes any training considered necessary to 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 SORP (102), the economic contribution of general volunteers is not recognised in the accounts.

Objectives and Activities

Nelson Street Church Rochdale is an Anglican ‘Bishop’s Mission Order’ Church, led by Revd Janie Cronin who was commissioned by the Bishop of Manchester to plant a resource church in Rochdale.

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 Christian religion principally:

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

Nelson Street Church Rochdale, 6 Nelson Street, Rochdale OL16 1NL Company registration no. 12881554. Charity no. 1192073

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 diversity of the church’s activities, performance is measured on a case-by-case basis.

Public Benefit

In accordance with our duties as stated in section 17(5) of the Charities Act, we have considered the guidance provided by the Charity Commission regarding public benefit. This public benefit has been demonstrated by the activities undertaken since inception of the charity outlined in this document.

Achievements 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.

Highlights of the period January 2023 to December 2023 include:

SUNDAY SERVICES (AND OTHER WORSHIP)

Sunday Services – In December 2023 average Sunday morning attendance was 75 adults and 30 children each week, with an estimated 140 different individuals attending each month. In September we celebrated 24-months of meeting in the church building with 112 people staying for lunch. Approximately 55% of the congregation were previously dechurched or unchurched and almost 65% were under the age of 40. About 60% of adults volunteered on various teams (worship, AV, welcome, hospitality, children) over the period of a term.

Dedication and Infant Baptism Services – in May 2023, 196 individuals (151 adults and 45 children) attended our Infant Dedication Service. Two new families stayed connected with the church as a result of this service. In September 2023 we held our first infant baptism service. This was attended by 133 individuals and again led to another new family being connected to Nelson Street Church.

Children – Throughout 2023 two children’s groups ran alongside the Sunday services for those aged 0-3 (NTots) and 4-11 (NKids). These sessions were attended by approximately 20-30 children in sessions each week. Once every 12 weeks we held an all-age service during which the whole family worshipped together.

Nelson Street Church Rochdale, 6 Nelson Street, Rochdale OL16 1NL Company registration no. 12881554. Charity no. 1192073

Youth – NYouth continued a monthly Youth Group on a Sunday evening, aimed at discipling 11-18 year olds. On average, 16 people attended these sessions and 8 attended the fortnightly Youth Band practice.

Once every 12 weeks the youth led the Sunday service, 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 representing 3 local churches.

We were unable to continue the NYouth Social sessions or schools work after our Youth Worker resigned in July 2023.

Holy Spirit Conference – In February 2023 we invited 2 guest speakers to host our first Holy Spirit Conference. Although this event was primarily arranged for our congregation, other churches were invited to join us. The conference was sold out and we had over 100 people attend each of the 4 sessions. The content was very well received, and it impacted and inspired our congregation. A special offering was taken which was sent to missional charities in Germany and Uganda.

Curate – we welcomed our new Curate, Georgina Stirling, in March 2023. Georgina will be focussing on ministry to a local estate, and groundwork to planting a new church in 2026.

Easter – On 6[th] April we held a Tenebrae Service for Maundy Thursday in partnership with St Chad’s church. On Good Friday we held a reflective service, titled ‘The Things He Carried’ based on a book by the same name written by Archbishop Stephen Cottrell. Both events were well attended.

Christmas – In December 2023 we celebrated Christmas by holding a Nativity Service and a Carol Service, both of which were attended by over 100 people and a family meal together with fun and games. On Christmas Eve we hosted ‘Bedtime Stories’ – an opportunity for families to hear the Christmas story in their pyjamas and with hot chocolates – attended by over 40 people. We also On Christmas Day, over 40 individuals attended church, and a lunch was provided for 10 people from the community who had no other family to spend the day with. We ran the Christmas Market for the second year, with 24 stalls of local small businesses and an estimated 300 attended throughout the day. This year we added a free Santa’s Grotto, which was a huge success. We also hosted Wreath Making and Christmas Crafts Workshops as new initiatives for 2023.

RESOURCING

All the courses facilitated by Nelson Street Church in 2023 were offered to all other local churches.

Nelson Street Church Rochdale, 6 Nelson Street, Rochdale OL16 1NL Company registration no. 12881554. Charity no. 1192073

Alpha – In 2023 we ran 2 Alpha courses (February and September) - a 7-week course that gives guests the opportunity to explore faith and the meaning of life whilst sharing a meal and developing community. 26 people completed the course.

The Bereavement Journey – The Bereavement Journey course, to support those dealing with grief, was run twice in 2023 (April and October). 14 individuals completed the course, predominantly with no previous connection to Nelson Street Church Rochdale.

The Marriage Course – this course was run online for 9 couples in autumn 2023.

ParenTalk and Left to Their Own Devices – These two Care for the Family courses were run in a local primary school for parents.

Training and Teaching – In June 2023 we ran a Prayer Ministry Training course. This course equips people to lay hands on people and pray for healing. We also ran a Hearing God’s Voice course in July. This course equips people to hear from God for themselves.

Chaplaincy – In 2023 we continued to release our Worship Pastor half a day a fortnight to fulfil chaplaincy role in a local textile company. 2 people have completed an Alpha course on the back of this.

Rochdale Town-Wide Prayer Gathering – Janie and James regularly meet with local church leaders and Nelson Street are committed to being involved in the bi-annual town-wide prayer gatherings. We have hosted one and provided worship and prayer team to the others.

SOFT EDGE EVENTS

In 2023 we ran several different events with a view to reaching out to those who do not normally attend church.

Spirit Café – We continued to run Spirit Café once a month in 2023. This initiative has proved a highly successful way of engaging with the unchurched. Our weekly average is 12 guests, who are all willing to receive prayer.

Community and Social Action – A carer and toddler group called NTots ran each week for parents in the local community, together with an after-school initiative called Stay and Play. Throughout the school holidays of 2023 various ‘Pop-Up’ activities were hosted throughout Rochdale, including film nights, craft days, outdoor games and termly parties. We collaborated with Theatre in Flow twice in 2023 to host a Womens’ Clothes Swap. In the autumn and winter months, a fortnightly Friendship Café was hosted as a safe, warm space for people to have free coffee, cake and some company.

SYKE OUTREACH

In August 2023 we began outreach on the Syke estate in Rochdale. The plan is to build a worshipping community from scratch, with no building or congregation to start with. Over Nelson Street Church Rochdale, 6 Nelson Street, Rochdale OL16 1NL - 8 - Company registration no. 12881554. Charity no. 1192073

the summer the team offered weekly ‘Games on the Common’ for local children. Over Halloween the team delivered glowsticks and sweets along with invitations to Christmas events, which included ‘Carols on the Common’. And have since been visiting the local residents door-to-door offering to pray for them. We are slowly building trust with the local community and becoming known to them. We now have a fruitful relationship with a local primary school, where we have been invited to run parenting courses and a Wellbeing and Craft initiative alongside the Pastoral team. Our Curate has also been acting as a Chaplain to the Sea Cadets. She engages with approximately 30 young people and 8 volunteers every week.

OTHER ACTIVITIES

Archbishop’s Visit – In June 2023 we were blessed to be visited from the Archbishop of York. People who had found faith through Nelson Street Church were able to meet with him and share their stories.

Focus – In July 2023 we took 42 people to Focus, HTB’s Christian Festival, for the first time. This was a wonderful way of getting to know each other, spending time in God’s presence and connecting with the wider HTB network.

Future Plans

Future plans of the church in 2024 involve continuing the activities outlined above, as well as offering more ‘soft edge’ events for those who are not connected. In 2024 we aim to start termly Blokes’ Breakfasts and Womens’ Curry Nights. We are also looking to host a Karaoke evening.

We will continue to train and equip our congregation to impact their local communities through;

One of the Deeper Teaching modules planned for 2024 is ‘Restoring Eden’, a theological look at Christians’ responsibility to climate change and other environmental emergencies. We will also look to apply for Eco-Church status.

We will continue to work with other churches, joining them for prayer gatherings and local outreach, as well as inviting them to join any training that we provide our church family.

We plan to host our first Adult Baptism services in 2024.

Volunteers

Nelson Street Church Rochdale, 6 Nelson Street, Rochdale OL16 1NL Company registration no. 12881554. Charity no. 1192073

Nelson Street Church Rochdale uses volunteers to help support all aspects of its ministry. At a normal Sunday morning service by the end of 2023, we had an average of 107 attendees (75 adults, 30 under-16s) with 55 volunteers to support the hospitality, worship, kids, and youth teams. We also have 20 volunteers to help with our various 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 uncertainties

The principal risks and uncertainties that the trustees see as facing the charity and any subsidiaries include the ongoing responsibility of the financial cost of maintaining the Church premises as well as SDF grant funding for staff roles tapering off. The trustees plans and strategies surrounding these risks include working closely with the Diocese and the SDF Project Board to explore opportunities to apply for relevant grants as well as forecasting and budgeting for the increased financial responsibilities. An agreement has been made with the Diocese for the SDF funding to be extended for one year until June 2026 due to the impact of starting in 2020 in the height of the Covid-19 pandemic.

The Trustees continue to be aware of the impact of the rate of inflation and cost of living on charity expenditure (particularly rising energy bills) and income (namely congregational income) and are reviewing this throughout the year. This is expected to continue to have a negative impact on finances in 2024.

Youth work at Nelson Street Church Rochdale has been reduced to due to resignation of the Youth Worker in 2023, and not being able to successfully recruit a replacement. A core team of volunteers has enabled some initiatives to continue, but with reduced frequency. We have also had to put all schools-, college- and outreach-work on hold until a replacement can be found.

Financial Review

In the financial year ending 31[st] December 2023, the church received voluntary income from the congregation totalling £56k (2022 £115k) and grants totalling £195k (2022 £179k). Total income for the year came to £251k (2022 £296k).

Expenditure in 2023 totalled £271k (2022 £217k) giving rise to a deficit on unrestricted funds of £30k (2022 surplus of £47k). Restricted funds ended the year with a balance of £48k (up from £39k in 2022).

The church has an outstanding loan from the Diocese of £117k which is due to be repaid over 60 months starting in July 2025. This was given to help fund the refurbishment of the building.

Nelson Street Church Rochdale, 6 Nelson Street, Rochdale OL16 1NL Company registration no. 12881554. Charity no. 1192073

Reserves Policy

The Board of Trustees are aware of the need to maintain sufficient reserves. Once fully established, is it expected that three months of relevant costs will be held in reserve. At the end of 2023 there was £95k of free reserves. These are unrestricted reserves (excluding fixed assets) which are available for use in the next 12 months. At 2023 levels of unrestricted expenditure, these reserves are adequate to cover over a year’s annual expenditure.

In the longer term, as the loan of £117k becomes due for repayment after July 2025, it is anticipated that the churches income by that point will be sufficient to cover the repayments over 60 months.

Safeguarding

The Board of Trustees have adopted the Diocese of Manchester’s safeguarding policy relating to children, young people and vulnerable adults and appointed Revd Janie Cronin and Mrs Linda Mycock as Safeguarding Officers. The Safeguarding Officers have completed the necessary diocese training courses in safeguarding young people and vulnerable adults.

The trustees are committed to the principles 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 Trustees responsibilities in relation to the Financial Statements

Charity law requires the trustees, who are also directors, 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 its financial activities for that year and adequately distinguishes any material special trust or any other restricted fund of the church. In preparing those financial statements the trustees are required to:

Nelson Street Church Rochdale, 6 Nelson Street, Rochdale OL16 1NL Company registration no. 12881554. Charity no. 1192073

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 Companies Act 2006 and the regulations made under the Charities Act 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: 17[th] September 2024

Nelson Street Church Rochdale, 6 Nelson Street, Rochdale OL16 1NL 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 2023, which comprise the statement of financial activities, balance sheet, related notes and are set out on pages 14 to 21.

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:

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:

Date: 25[th] September 2024

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

Page 13

NELSON STREET CHURCH, ROCHDALE STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST DECEMBER 2023

Note
INCOME FROM:
Voluntary income
2
Income from charitable activities
Courses, events, occasional services etc
3
TOTAL INCOME
EXPENDITURE ON:
Charitable activities
Capital & Set Up costs
Buildings & Maintenance
Central costs
Worship & services
Youth & Children
Courses, Outreach & Social action
TOTAL EXPENDITURE
4
NET INCOMING / (OUTGOING) RESOURCES
Total brought forward
TOTAL FUNDS AT 31 DECEMBER		 Unrestricted Restricted
Total
Unrestricted Restricted
Total
funds
funds
funds
funds
funds
funds
2023
2023
2023
2022
2022
2022
£
£
£
£
£
£
52,214
198,249
250,463
116,438
178,264 294,702
976
0
976
1,742
0
1,742
53,190
198,249
251,439
118,180
178,264 296,445
4,315
30,605
34,920
8,991
559
9,551
35,199
5,573
40,772
29,731
1,702
31,433
23,038
75,971
99,009
10,091
60,592
70,683
10,118
29,326
39,444
10,235
29,409
39,644
6,271
42,495
48,766
8,062
54,277
62,339
3,896
4,536
8,432
3,674
0
3,674
82,837
188,506
271,343
70,785
146,539 217,323
(29,647)
9,743
(19,904)
47,396
31,725
79,121
24,758
38,637
63,395
(22,638)
6,912 (15,726)
(4,889)
48,380
43,491
24,758
38,637
63,396

Page 14

NELSON STREET CHURCH, ROCHDALE

BALANCE SHEET AS AT 31 DECEMBER 2023

Note
FIXED ASSETS
Tangible assets
6
CURRENT ASSETS
Sundry Debtors
7
Cash at bank
CREDITORS: amounts falling due within 12 months
8
NET CURRENT ASSETS
CREDITORS: amounts falling due after 12 months
9
NET ASSETS
STATEMENT OF FUNDS
10,11
Restricted funds
Unrestricted funds
TOTAL FUNDS		 £
£
£
£
42,010
42,010
28,817
28,817
3,359
8,281
120,737
124,096
148,244
156,524
(5,208)
(5,208)
(4,540)
(4,540)
118,888
151,984
(117,407)
(117,407)
43,491
63,395
48,380
38,637
(4,889)
24,758
43,491
63,395
31ST DECEMBER 2023
31ST DECEMBER 2022		 £
£
£
£
42,010
42,010
28,817
28,817
3,359
8,281
120,737
124,096
148,244
156,524
(5,208)
(5,208)
(4,540)
(4,540)
118,888
151,984
(117,407)
(117,407)
43,491
63,395
48,380
38,637
(4,889)
24,758
43,491
63,395
31ST DECEMBER 2023
31ST DECEMBER 2022
151,984
(117,407)
63,395
38,637
24,758
63,395

The notes on pages 16 to 21 form part of these financial statements.

For the period ended 31 December 2023, the company was entitled to the exemption from audit Responsibilities of directors/trustees:

a. The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with Section 476 of the Companies Act - however, in accordance with Section 145 of the Charities Act 2011 the accounts have been examined by an independent examiner whose report forms part of this document.

b. The directors/trustees acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board of directors and signed on behalf of the board,

Revd Janie Cronin

Dated: 24/9/24

Company registration number: 12881554

Page 15

NELSON STREET CHURCH, ROCHDALE Notes to the accounts

For the period ended 31st December 2023

1 ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared in accordance with the Companies Act 2006 and 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 (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) 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 accounting policy note(s).

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 the MDBF, 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 2024 and 2025 and levels of free reserves at the start of 2024 were adequate for projected levels of expenditure for 2024.

Funds

General funds represent the funds of the charity that are not subject to any restrictions regarding their use and are available for application on the general purposes of the church. Restricted funds are those donated for specific purposes.

Income

Voluntary income and capital sources

Donations and other income are recognised when received and an estimate of income tax recoverable is recognised when the related donations are recognised.

Grants and legacies to the church are accounted for as soon as the church is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the church is probable.

Fixed assets

Additions and improvements to the newly acquired church premises are written off as incurred. Only items costing £1,000 or above are capitalised. Fixed assets are depreciated on a straight line basis as follows:

Improvements to the buildings: 10 years Fixtures and fittings including electricals: 5 years Plant & machinery including sound and audio: 5 years Computer equipment: 3 years

Current assets

Amounts owing to the church at 31 December in respect of fees, rents or other income such as gift aid are shown as debtors less provision for amounts that may prove uncollectable.

Page 16

NELSON STREET CHURCH, ROCHDALE

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED DECEMBER 31ST 2023

INCOME FROM:
2 Voluntary Giving
Planned giving
Grants from the SDF
Other grants
Other donations
Cash collections
Gift aid tax
3 Charitable activities
Bereavement Journey
Nkids
Social Action/Outreach
Other income
4 CHARITABLE ACTIVITIES- EXPENDITURE ANALYSIS
Capital and set up Costs
Furniture & equipment- church & office
Refurbishment of church building
Rental costs
Other set up costs
Buildings and Maintenance
Church utilities
Office utilities & council tax
Cleaning, waste & sanitary
Insurance
Security
Health & safety
Servicing and maintenance
Depreciation
Central team costs
Operations Manager and Admin Salaries
Printing & stationery
Parish Share
Marketing and publicity
Communications (phone, broadband etc)
Accountants and professional costs
Furniture & equipment
Training and recruitment
Finance charges
Focus Costs
Travel, subsistence and hospitality		 Unrestricted Restricted
Total
Unrestricted Restricted
Total
funds
funds
funds
funds
funds
funds
2023
2023
2023
2022
2022
2022
£
£
£
£
£
£
38,981
0
38,981
36,947
0
36,947
0
151,475
151,475
0
146,598
146,598
4,040
39,058
43,098
1,061
31,667
32,728
0
80
80
72,358
0
72,358
20
7,329
7,349
0
0
0
9,173
308
9,481
6,073
0
6,073
52,214
198,249
250,463
116,438
178,264
294,702
0
0
0
320
0
320
262
0
262
623
0
623
582
0
582
643
0
643
132
0
132
156
0
156
976
0
976
1,742
0
1,742
Unrestricted Restricted
Total
Unrestricted Restricted
Total
funds
funds
funds
funds
funds
funds
2023
2023
2023
2022
2022
2022
£
£
£
£
£
£
214
0
214
2,307
70
2,377
0
4,180
4,180
0
0
0
3,951
0
3,951
3,622
329
3,951
150
26,425
26,576
3,063
160
3,223
4,315
30,605
34,920
8,991
559
9,551
19,643
2,856
22,499
15,734
1,548
17,282
1,948
0
1,948
1,677
154
1,830
5,262
0
5,262
4,433
0
4,433
1,128
2,718
3,846
977
0
977
2,786
0
2,786
2,843
0
2,843
288
0
288
276
0
276
2,103
0
2,103
1,752
0
1,752
2,041
0
2,041
2,041
0
2,041
35,199
5,573
40,772
29,731
1,702
31,433
0
41,153
41,153
0
39,676
39,676
1,862
0
1,862
775
186
962
0
30,000
30,000
0
20,000
20,000
258
0
258
647
0
647
1,258
0
1,258
1,104
100
1,204
1,450
0
1,450
1,300
0
1,300
3,128
747
3,875
2,145
0
2,145
4,527
0
4,527
638
52
690
1,790
3,460
5,250
429
568
997
5,171
0
5,171
664
0
664
2,168
0
2,168
1,330
0
1,330

Page 17

Subscriptions,licenses and software
Other central costs
Worship & services costs
Worship salaries
Equipment
Licenses and subscriptions
Hospitality and integration
Christmas, Easter and special services
Other worship costs
Other service costs
Youth & Children
Salaries
Youth team equipment & resources
Youth Team hospitality
Youth Team Events
Youth team general costs
Children's work equipment & resources
Chidrens work outreach and schools work
Childrens work events and parties
Ntots
Children's work- general costs
Courses, outreach and social action
Bereavement journey
CAP
COS parenting
Alpha
Social action/outreach resources etc
Other courses costs
Mission Giving
4a
Total costs		 1,217
0
1,217
601
9
610
210
610
820
456
0
456
23,038
75,971
99,008
10,091
60,592
70,683
0
27,468
27,468
0
27,475
27,475
5,284
1,833
7,118
5,390
1,833
7,224
1,101
0
1,101
848
0
848
2,244
24
2,268
1,985
0
1,985
989
0
989
1,260
0
1,260
268
0
268
338
101
439
231
0
231
414
0
414
10,118
29,326
39,444
10,235
29,409
39,644
0
42,472
42,472
0
54,277
54,277
1,130
0
1,130
2,149
0
2,149
377
0
377
292
0
292
35
0
35
405
0
405
254
0
254
404
0
404
3,125
0
3,125
2,150
0
2,150
384
0
384
1,092
0
1,092
375
0
375
330
0
330
144
0
144
581
0
581
447
23
470
659
0
659
6,271
42,495
48,766
8,062
54,277
62,339
50
0
50
49
0
49
36
0
36
177
0
177
57
0
57
0
0
0
1,234
0
1,234
973
0
973
2,269
38
2,306
2,400
0
2,400
54
0
54
75
0
75
196
4,499
4,695
3,896
4,536
8,433
3,674
0
3,674
82,837
188,506
271,344
70,785
146,539
217,323

A fee of £1,350 was accrued in the period for the independent examination and preparation of accounts (2022 £1,250)

4a Mission Giving analysis

Nimmo and Neal Mission
Clergy Discretionary fund
Other		 4499
4499
150
150
46
46
196
4499
4695

5 SALARIES

Analysis of payroll (administered by MDBF):

Gross pay
Employers NI
Employers Pension		 2023
£
105,406
3,598
2,090
111,093		 2022
£
113,523
6,058
1,846
121,428

Page 18

In the 12 month period ended 31st December 2023 there was an average of 3.9 FTE (2022 4.3 FTE) of staff. Average staff numbers were 4 1/2 for both years

The key management role was filled by the Revd Jane Cronin who received her salary from the diocese and received no emoluments or benefits in kind from Nelson Street Church. Expenses incurred on behalf of the church were refunded against receipts. No member of staff received renumeration of above £60,000

TANGIBLE FIXED ASSETS
Assets at cost
Opening balance 1/1/23
Purchases
Closing balance 31/12/23
Depreciation
Opening balance 1/1/23
Charge for the period
Closing balance on accumulated depreciation 31/12/23
Closing balance on fixed assets 31/12/22
Closing balance on fixed assets 31/12/23
DEBTORS
Gift aid accrued
Grants awarded not received
Other income received not yet in bank account
CREDITORS: AMOUNTS FALLING DUE WITHIN 12 MONTHS
Amounts falling due within one year
Accruals and deferred income
Accounts payable
CREDITORS: AMOUNTS FALLING DUE AFTER 12 MONTHS		 Computer
Other
Total
Equipment
Equipment
£
13,087
30,471
43,558
0
24,576
24,576		 Computer
Other
Total
Equipment
Equipment
£
13,087
30,471
43,558
0
24,576
24,576
13,087
55,047
68,134
5,548
9,192
14,740
4,362
7,021
11,384
9,910
16,213
26,124
7,539
21,279
28,818
3,177
38,834
42,010
2023
2022
£
£
3,359
2,131
0
5,000
0
1,150
3,359
8,281
2023
2022
£
£
5,046
4,540
162
0
5,208
4,540
117,407
117,407

6 TANGIBLE FIXED ASSETS

7 DEBTORS

8 CREDITORS: AMOUNTS FALLING DUE WITHIN 12 MONTHS

9 CREDITORS: AMOUNTS FALLING DUE AFTER 12 MONTHS

The MDBF agreed a loan of up to £120k to NSCR to help fund the refurbishment of the building. At the 31st of December 2023 the amount spent on behalf of NSCR was £117,406.76. On the 2nd of August 2023 it was agreed that the repayments would be made over 60 months commencing from the 1st of July 2025. If circumstances permit the loan will be repaid at an earlier date.

10a STATEMENT OF MOVEMENTS IN FUNDS 2023

Unrestricted Funds
Restricted funds
Fixed assets paid for by restricted funds- SDF
Fixed assets paid for by restricted funds- Church Kitchen
Funds
SDF grant towards running costs
SDF grant for Salaries
SDF Parish Share
Church Kitchen
Diocesan Energy Grant
Church Plant donations
Nimmo & Neal
Recording Project		 Opening
Incoming
Resources closing
Balance
resources
expended
balance
2023
2023
2023
2023
£
£
£
£
24,758
53,190
(82,837)
(4,889)
4,422
0
(1,833)
2,588
0
22,416
(747)
21,669
4,422
22,416
(2,581)
24,257
2,549
10,381
(12,931)
(0)
0
111,093
(111,093)
0
0
30,000
(30,000)
0
25,000
11,562
(26,425)
10,137
0
330
(330)
0
6,667
6,000
0
12,667
0
4,499
(4,499)
0
0
1,250
0
1,250

Page 19

Other restricted funds
Total restricted funds
Total Funds
Details on funds		 0
718
(648)
70
34,216
175,833
(185,926)
24,123
38,637
198,249
(188,506)
48,381
63,396
251,440
(271,344)
43,491

SDF grants

The Nelson Street Church Rochdale (NSCR) project is being funded by the Church Commissioners (CC). The project will be delivered jointly by NSCR and the MDBF (Manchester Diocesan Board of Finance). The stipendiary costs of a vicar and curate for the first 5 years plus the cost of refurbishing the church will be met directly out of the CC grants by the MDBF and these are not reflected in these accounts. Running costs of up to £208k, set up costs of up to £40k and salary costs of up to £595k will be covered by NSCR who will claim costs incurred back from the MDBF. Running costs, set up costs and salaries costs incurred by the MDBF on behalf of NSCR are also reflected in these accounts as are those costs incurred by NSCR directly and then reclaimed from the CC via the MDBF. Parish Share costs of £126k over the period are also covered by the grant.

The total claimed each year by NSCR will be reduced by the amount of congregational income generated which is estimated to be a total of £360k. A total of £39060.65 was reported for congregational income for the period from January 2023 to December 2023.

These accounts for 2023 reflect the amounts spent and claimed by NSCR from the MDBF out of the totals granted by the CC up to the end of 2023. A further £65k was secured from the SDF in May 2023 for a children's worker starting after the summer of 2023. In August 2024, a 12-month extension to funding was agreed with MDBF to cover costs up to 30[th] June 2026.

Church Kitchen – This fund is reserved for the installation, maintenance, and servicing of a commercial-standard kitchen. The original plan for the refurbishment of 6 Nelson Street into a church building included this, but there were not sufficient funds within the SDF refurbishment budget to manage this.

Church Plant – As a Resource Church, the plan is for Nelson Street Church Rochdale to plant new churches from our congregation. The first plant is due to be launched by a Curate in 2026. The Trustees of NSCR have agreed to build up a fund (aiming for £6k pa) to donate to this plant.

Recording Project – There is a long-term plan for NSCR to release professionally recorded worship music. This fund is for restricted donations to this project.

10b STATEMENT OF MOVEMENTS IN FUNDS 2022

**11 ** Opening
Incoming
Resources closing
Balance
resources
expended
balance
2022
2022
2022
2022
£
£
£
£
Unrestricted Funds
(22,638)
118,180
(70,785)
24,758
Restricted funds
Fixed assets paid for by restricted funds- SDF
6,255
0
(1,833)
4,422
Funds
SDF grant towards running costs
657
3,760
(1,868)
2,549
SDF grant towards salaries
0
121,428
(121,428)
0
SDF grant for Set Up
0
160
(160)
0
SDF Parish Share
0
20,000
(20,000)
0
Church Kitchen donation
0
25,000
0
25,000
Diocesan Energy Grant
0
1,250
(1,250)
0
Church Plant donations
0
6,667
0
6,667
657
178,264
(144,705)
34,216
Total restricted funds
6,912
178,264
(146,539)
38,637
Total Funds
(15,726)
296,445
(217,323)
63,396
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
funds
funds
2023
2023
2023
2022
2022
2022
£
£
£
£
£
£
Fixed assets
17,753
24,257
42,010
24,396
4,422
28,818
Current assets
99,973
24,123
124,096
122,309
34,216
156,524		 Opening
Incoming
Resources closing
Balance
resources
expended
balance
2022
2022
2022
2022
£
£
£
£
(22,638)
118,180
(70,785)
24,758
6,255
0
(1,833)
4,422
657
3,760
(1,868)
2,549
0
121,428
(121,428)
0
0
160
(160)
0
0
20,000
(20,000)
0
0
25,000
0
25,000
0
1,250
(1,250)
0
0
6,667
0
6,667
657
178,264
(144,705)
34,216
6,912
178,264
(146,539)
38,637
(15,726)
296,445
(217,323)
63,396

Page 20

Creditors due within one year
Creditors due after one year
NET ASSETS		 (5,208)
0
(5,208)
(4,540)
0
(4,540)
(117,407)
0
(117,407)
(117,407)
0
(117,407)
(4,889)
48,381
43,491
24,758
38,637
63,395

12 RELATED PARTIES

No parties related to the board of the Nelson Street Church, Rochdale received any renumeration or benefits in kind in the period reported in these financial statements.

None of the trustees were reimbursed for expenses relating to services provided to the charity as trustees. Some expenses were refunded to the trustees for expenses occurred on behalf of the church.

Gifts were received from trustees in 2023 totalling £14,633 (2022 totalling £73,750).

13 COMMITMENTS

The church has rented the church building from the MDBF for 10 years from the 1st of July 2020 for an annual rental of £1.

On the 12th of May 2021 the church entered into a rental agreement for office space at 19a Drake Street. The agreement was for 2 years at an annual rent of £3,950 and has subsequently been renewed for a rolling 12 month notice period.

In August 2023 the church entered into a contract for a photocopier at a quarterly rent of £352.80 for 3 years.

Page 21