GEC TRUSTEE ANNUAL REPORT
Reg. Charity #1192107
– 01/04/23 31/03/24
Reflecting back on their third fiscal year, the Gateshead Evangelical Church (GEC) Trustees are grateful for income streams from both church members and those who regularly attend activities, events and church meetings. With ever-increasing demands on public and charity funds, we are grateful for the generosity of our expanding and diverse church family.
Not only have the number of nationalities in the church grown from 16 to 17 in this fiscal year, the numbers in pre-existing attending nationalities have also increased. Relationships have deepened between these nationalities and those from the historic local community.
Speaking of our local community, we continue to provide public benefit through BBQs, Men’s Breakfasts and Coffee mornings which are free of charge to the local community. We also made an annual contribution to a local food bank. Furthermore, one of our financial goals in the coming year is to contribute monthly to the local food bank. And, as in previous years, we continued to make the church premises available to the Council for elections to raise voter participation in our area.
In the areas of essential building work and maintenance, we continued to improve the buildings by redecorating the interior and repairing the roof of the church manse which is an important income stream as we rent it out. We also paid a firm of chartered surveyors to give present-day valuation of the buildings for insurance purposes. As we thought, the buildings were being under-insured.
In addition to continuing to financially support two other charitable works, one in the UK and one abroad, we increased the amount being set aside toward the hiring of future fulltime staff.
In summary, the trustees are pleased with the progress made in this fiscal year and satisfied that the scheduled improvements for the 24/25 fiscal year will be carried out while increasing income.
The Trustees of GEC
Christ is the Head of the body, the Church, Who is the beginning, the firstborn from the dead, that in all things He may have the pre-eminence. Col 1:18
(:A TE¢iHEAD EVAN(:ELICAL CHURCH ((:EC - Reg. Charity 1192107) - INCOME AND EXPENSE AUDIT FOR THE THIRD FISCAL YEAR (011(H123- 31103124) INCOME EXPENSE Transfers from savings SpeciL11 orrerings. liihes Sunday offering8 CAF inieresi earned Manse reni, ulililie% 6,971.80 4,715.110 9,855.00 15.04 8,188.90 Bank fees Building, Liability Ins. Walerlsewage Ele¢iricily 2,81H.30 881.72 ijii.io 865.36 471.15 1,197.84 1%6.60 65.97 532.40 1,456.00 2 J7Y.37 112.77 7557.93 128.59 656.76 35.1)0 IMI.I)O 165.1)0 BT Officc Supplies, Photocopier SS SuppliL Miiii%li'y %upplics. equipment Mu%ic ILssons, equipmLni. LtL. Mi55ion4 F()()d InlLrii)r/Exierii)r DeLI)rating BuildingT W()rk CIL¢ining' H()spiliility, Catering Ico Web%ile d()main Hillslar (tire prevenli()n) CcirlLr Busines% .Syslems/Speclrum FIEC <innu¢il d()n<ili()ns EventslOulingT Man%e rep<iir Man%e ulililie True P()lenlial IA76.IM 3511.00 4,031.83 2,231.11 9,954.53 Total Income 29,745.74 Total expense 38,881.33 OPENING BALANCES 111104123 CLOSINC, BALANCES 31103124 Current account Deposit account GEC Trustees Ch. Properly Acct Church Investment Account 13J73.96 35.37 31,648.67 1,690.73 Current account 4,238.37 37.08 25,480.19 12,200.04 TOTAL RESOURCES 01104123 TOTAL RE.%OURCES 31103124 £46,748.73 £41,955.68 I hiqve audited the Income & Expenditure of Giqte.8head Eviqngelical Church and in our opinion. it gives a Irue and fair view of ihe Church's affairs froin 0110412023 3110312024. The audit has been endorsed by the Church Treasurer, elders and trustees. Church Auditor, David Kelso Date, 12 January. 2025
(:A TE¢iHEAD EVAN(:ELICAL CHURCH ((:EC - Reg. Charity 1192107) - INCOME AND EXPENSE AUDIT FOR THE THIRD FISCAL YEAR (011(H123- 31103124) INCOME EXPENSE Transfers from savings SpeciL11 orrerings. liihes Sunday offering8 CAF inieresi earned Manse reni, ulililie% 6,971.80 4,715.110 9,855.00 15.04 8,188.90 Bank fees Building, Liability Ins. Walerlsewage Ele¢iricily 2,81H.30 881.72 ijii.io 865.36 471.15 1,197.84 1%6.60 65.97 532.40 1,456.00 2 J7Y.37 112.77 7557.93 128.59 656.76 35.1)0 IMI.I)O 165.1)0 BT Officc Supplies, Photocopier SS SuppliL Miiii%li'y %upplics. equipment Mu%ic ILssons, equipmLni. LtL. Mi55ion4 F()()d InlLrii)r/Exierii)r DeLI)rating BuildingT W()rk CIL¢ining' H()spiliility, Catering Ico Web%ile d()main Hillslar (tire prevenli()n) CcirlLr Busines% .Syslems/Speclrum FIEC <innu¢il d()n<ili()ns EventslOulingT Man%e rep<iir Man%e ulililie True P()lenlial IA76.IM 3511.00 4,031.83 2,231.11 9,954.53 Total Income 29,745.74 Total expense 38,881.33 OPENING BALANCES 111104123 CLOSINC, BALANCES 31103124 Current account Deposit account GEC Trustees Ch. Properly Acct Church Investment Account 13J73.96 35.37 31,648.67 1,690.73 Current account 4,238.37 37.08 25,480.19 12,200.04 TOTAL RESOURCES 01104123 TOTAL RE.%OURCES 31103124 £46,748.73 £41,955.68 I hiqve audited the Income & Expenditure of Giqte.8head Eviqngelical Church and in our opinion. it gives a Irue and fair view of ihe Church's affairs froin 0110412023 3110312024. The audit has been endorsed by the Church Treasurer, elders and trustees. Church Auditor, David Kelso Date, 12 January. 2025