Company registration number: 13497678 Charity registration number: 1197918
Northumbrian Industrial Mission Limited
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 December 2024
Northumbrian Industrial Mission Limited
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 15 |
Northumbrian Industrial Mission Limited
Reference and Administrative Details
Trustees C H Knights T Leach P E Southgate R Styring Secretary T Leach Charity Registration Number 1197918 Company Registration Number 13497678 The charity is incorporated in England and Wales. Registered Office The Old Rectory The Broadway Houghton Le Spring Tyne & Wear DH4 4BB Independent Examiner Wellway Accountants Limited Borough Hall Wellway Morpeth Northumberland NE61 1BN
Page 1
Northumbrian Industrial Mission Limited
Trustees' Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 December 2024.
The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
The Aims and Objectives of the NIM Ltd are that it provides chaplaincy support to people in their workplaces and fulfils the core work of mission on behalf of the various Christian Churches throughout the North East of England.
Objectives and activities
Objectives, strategies and activities
The charity organises the activities of one paid Chaplain Team Leader and 21 Volunteer Chaplains who a) engage directly with people in their places of work.
b) work collaboratively with ministries in other sectors, with local churches and with other agencies. c) represent to those in authority, peoples’ experiences and perception of work, and raise questions with those who make decisions.
The charity offers chaplaincy services to a range of industrial and commercial enterprises on a voluntary basis. Many people have suffered traumatic experiences in their lives and it is recognised that emotional and mental health have increased nationally in recent years and the charity tries to support those in need. The organisation’s chaplains are active in many diverse communities, such as the North East Ambulance Service, Fire & Rescue Service, Metrocentre, Dalton Park, Asda, Newcastle International Airport, Department of Work and Pensions, Hexham Mart, Veterinary Practices, Newcastle Cathedral and many other sundry others. The charity selects and trains individuals who have the right attributes and partners them with organisations that they are familiar with and have some connection.
Funding
The charity does not use a professional fundraiser or commercial participator to raise funds. Any monies raised from the public follows all guidance set out by the Charities Commission and UK law in every respect. NIM Ltd respects the privacy and contact preferences of all public donors.
As aways we are extremely grateful to our denominational sponsors and other funders for their support of this important mission 'beyond the walls of church'. It could not be maintained without their financial contributions. Regular support is vital to our existence, we rely heavily on our sponsors:
Church of England (Durham Diocese) Church of England (Newcastle Diocese) Newcastle International Airport Newcastle Methodist District Northern Baptist Association Roman Catholic Church (Hexham and Newcastle Diocese) United Reformed Church (Northern Synod)
We are also grateful for our grant funders in this ever-competitive environment for charitable support.
Page 2
Northumbrian Industrial Mission Limited
Trustees' Report
Public benefit
Our Chaplains stand in a crucial place: often perceived as being outside of the mainstream yet in reality deeply involved in the everyday lives and concerns of people in the diverse communities in which they operate. They must understand the institutions where they work, be sensitive to the challenges and pressures facing those they serve, learn the questions that most fundamentally concern people and witness to God’s love in a maelstrom of competing forces. Chaplains build bridges of trust, understanding and critical friendship within society by offering support to people in need.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Volunteers
NIM Ltd would like to thank all of our volunteer Chaplains who make our work possible and also our salaried Volunteer Co-ordinator who works tirelessly to keep the service going. We would also like to thank the companies and organisations who welcome us into their workplaces, allowing us to host our meetings and discussions with members of their workforce.
Achievements and performance
The charity, like many other organisations continued to suffer from the effects of the Covid pandemic. Industrial and commercial establishments adopted different styles of engagement and methods of working. Thankfully the situation improved during the period and former relationships were re-established, by the end of the year the friendly ‘sympathetic ear’ service that the charity offers returned to almost normal.
Financial review
Policy on reserves
The charity holds sufficient reserves in a separate CCLA account to meet its obligations in the event of any redundancy payments and closing down costs of the organisation. Day to day running costs are held in a separate Virgin Money account and the Trustees regularly meet to discuss fund raising activities to meet the needs of the organisation.
Going concern
It is fair to say that NIM Ltd, like other charitable organisations has struggled to raise sufficient funds to support its work indefinitely. Thankfully our sustainability is being maintained by donations from our various sponsoring churches and contracts with commercial companies. A great deal of effort is being made by our funding sub-committee to raise sufficient money to cover any shortfall. However, this is an ever- increasing challenge due to competing organisations bidding for ever-decreasing funds of the granting bodies. We have sufficient funds that are ‘ring fenced’ or restricted to honour any redundancy payments should they become necessary. We are confident that this fund will not be required.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustees:
C H Knights (appointed 5 February 2024) T Leach P E Southgate R Styring
Page 3
Northumbrian Industrial Mission Limited
Trustees' Report
Secretary:
T Leach
Structure, governance and management
Nature of governing document
Northumbrian Industrial Mission Ltd (NIM Ltd) is constituted as a registered charity and company under guarantee in accordance with its revised Memorandum and Articles of Association, dated 13th January 2022.
Induction and training of trustees
New trustees, undergo an induction process to brief them on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the committee and decision-making processes, the business plan and recent financial performance of the charity. Trustees are encouraged to attend appropriate external training events.
Organisational structure
Day to day management is vested in the salaried Volunteer Co-ordinator of the charity, who regularly meets with the Board of Trustees. The Volunteer Co-ordinator meets regularly with the Chair (in addition to the formal meetings) and appraises him of any significant issues that arise between meetings.
Major risks and management of those risks
Risk Policy
The trustees are responsible for assessing the major risks to which the charitable company is exposed, and for establishing systems to mitigate those risks, they have considered risks which could have a negative effect on the charitable company’s ability to pursue its aims, both in terms of the likelihood of these occurring and probable impact of such events. The trustees continue to review and monitor these risks, and the adequacy of the systems in place to reduce them.
Financial instruments
Objectives and policies
The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
Statement of trustees' responsibilities
The trustees (who are also the directors of Northumbrian Industrial Mission Limited for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles in the Charities SORP;
Page 4
Northumbrian Industrial Mission Limited
Trustees' Report
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The annual report was approved by the trustees of the charity on 24 September 2025 and signed on its behalf by:
......................................... R Styring Trustee
Page 5
Northumbrian Industrial Mission Limited
Independent Examiner's Report to the trustees of Northumbrian Industrial Mission Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of Northumbrian Industrial Mission Limited as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
......................................
Borough Hall Wellway Morpeth Northumberland NE61 1BN
24 September 2025
Page 6
Northumbrian Industrial Mission Limited
Statement of Financial Activities for the Year Ended 31 December 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Donations and legacies 3 Investment income 4 Total income Expenditure on: Charitable activities 5 Total expenditure Net expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 14 Note Income and Endowments from: Donations and legacies 3 Investment income 4 Total income Expenditure on: Charitable activities 5 Total expenditure Net expenditure Transfer of assets from unincorporated charity Net movement in funds Reconciliation of funds Total funds carried forward 14 |
Unrestricted funds £ 23,915 1,556 25,471 (34,559) (34,559) (9,088) (9,088) 52,551 43,463 Unrestricted funds £ 29,630 1,200 30,830 (31,128) (31,128) (298) 52,849 52,551 52,551 |
Total 2024 £ 23,915 1,556 |
|---|---|---|
| 25,471 | ||
| (34,559) | ||
| (34,559) | ||
| (9,088) | ||
| (9,088) 52,551 |
||
| 43,463 | ||
| Total 2023 £ 29,630 1,200 |
||
| 30,830 | ||
| (31,128) | ||
| (31,128) | ||
| (298) 52,849 |
||
| 52,551 | ||
| 52,551 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 14.
The notes on pages 9 to 15 form an integral part of these financial statements. Page 7
Northumbrian Industrial Mission Limited
(Registration number: 13497678) Balance Sheet as at 31 December 2024
| Note Fixed assets Tangible assets 10 Current assets Debtors 11 Cash at bank and in hand 12 Creditors: Amounts falling due within one year 13 Net current assets Net assets Funds of the charity: Unrestricted income funds Unrestricted funds Total funds 14 |
2024 £ 422 213 45,983 46,196 (3,155) 43,041 43,463 43,463 43,463 |
2023 £ 839 - 53,572 |
|---|---|---|
| 53,572 (1,860) |
||
| 51,712 | ||
| 52,551 | ||
| 52,551 | ||
| 52,551 |
For the financial year ending 31 December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements on pages 7 to 15 were approved by the trustees, and authorised for issue on 24 September 2025 and signed on their behalf by:
......................................... R Styring Trustee
The notes on pages 9 to 15 form an integral part of these financial statements. Page 8
Northumbrian Industrial Mission Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
1 Charity status
The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
The address of its registered office is: The Old Rectory The Broadway Houghton Le Spring Tyne & Wear DH4 4BB
These financial statements were authorised for issue by the trustees on 24 September 2025.
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
Northumbrian Industrial Mission Limited 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 notes.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
Page 9
Northumbrian Industrial Mission Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £100.00 or more are initially recorded at cost.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate Office equipment 3 year straight line basis
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Pensions and other post retirement obligations
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Page 10
Northumbrian Industrial Mission Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
3 Income from donations and legacies
| Donations and legacies; Donations from individuals Grants, including capital grants; Grants from other charities Total for 2024 Total for 2023 4 Investment income Interest receivable and similar income; Interest receivable on bank deposits Total for 2024 Total for 2023 5 Expenditure on charitable activities Note Staff costs Allocated support costs Governance costs Total for 2024 Total for 2023 |
Unrestricted funds General £ 130 23,785 23,915 29,630 Unrestricted funds General £ 1,556 1,556 1,200 Unrestricted funds General £ 25,262 5,980 3,317 34,559 31,128 |
Total funds £ 130 23,785 |
|---|---|---|
| 23,915 | ||
| 29,630 | ||
| Total funds £ 1,556 |
||
| 1,556 | ||
| 1,200 | ||
| Total funds £ 25,262 5,980 3,317 |
||
| 34,559 | ||
| 31,128 |
In addition to the expenditure analysed above, there are also governance costs of £3,317 (2023 - £3,419) which relate directly to charitable activities. See note for further details.
Page 11
Northumbrian Industrial Mission Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
6 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
7 Staff costs
The aggregate payroll costs were as follows:
| Staff costs during the year were: Wages and salaries Pension costs |
2024 £ 24,580 682 25,262 |
2023 £ 23,540 724 |
|---|---|---|
| 24,264 |
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
| Average number of persons employed No employee received emoluments of more than £60,000 during the year. 8 Independent examiner's remuneration Examination of the financial statements Other fees to examiners All other services |
2024 No 1 2024 £ 1,494 582 |
2023 No 1 |
|---|---|---|
| 2023 £ 1,080 |
||
| 1,230 |
Page 12
Northumbrian Industrial Mission Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
9 Taxation
The charity is a registered charity and is therefore exempt from taxation.
10 Tangible fixed assets
| 10 Tangible fixed assets | ||||
|---|---|---|---|---|
| Cost At 1 January 2024 At 31 December 2024 Depreciation At 1 January 2024 Charge for the year At 31 December 2024 Net book value At 31 December 2024 At 31 December 2023 11 Debtors Other debtors 12 Cash and cash equivalents Cash at bank 13 Creditors: amounts falling due within one year Accruals 14 Funds |
Furniture and equipment £ 1,257 1,257 418 417 835 422 839 2024 £ 45,983 2024 £ 3,155 |
Total £ 1,257 1,257 418 417 835 422 839 2024 £ 213 |
||
| 1,257 | ||||
| 418 417 |
||||
| 835 | ||||
| 422 | ||||
| 839 | ||||
| 2024 £ 45,983 2024 £ 3,155 |
||||
| 2023 £ 53,572 |
||||
| 2023 £ 1,860 |
||||
Page 13
Northumbrian Industrial Mission Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
| Balance at 1 January 2024 £ Unrestricted funds General 52,551 Incoming resources £ Unrestricted funds General 30,830 15 Analysis of net assets between funds Tangible fixed assets Current assets Current liabilities Total net assets Tangible fixed assets Current assets Current liabilities Total net assets 16 Analysis of net funds Cash at bank and in hand Net debt |
Incoming resources £ 25,471 Resources expended £ (31,128) At 1 January 2024 £ 53,572 53,572 |
Resources expended £ (34,559) Transfers £ 52,849 Unrestricted funds General £ 422 46,196 (3,155) 43,463 Unrestricted funds General £ 839 53,572 (1,860) 52,551 Financing cash flows £ (7,589) (7,589) |
Balance at 31 December 2024 £ 43,463 |
|---|---|---|---|
| Balance at 31 December 2023 £ 52,551 |
|||
| Total funds at 31 December 2024 £ 422 46,196 (3,155) |
|||
| 43,463 | |||
| Total funds at 31 December 2023 £ 839 53,572 (1,860) |
|||
| 52,551 | |||
| At 31 December 2024 £ 45,983 45,983 |
Page 14
Northumbrian Industrial Mission Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
| Cash at bank and in hand Net debt |
At 1 January 2023 £ - - |
Financing cash flows £ 53,572 53,572 |
At 31 December 2023 £ 53,572 |
|---|---|---|---|
| 53,572 |
Page 15
Northumbrian Industrial Mission Limited
Statement of Financial Activities by fund for the Year Ended 31 December 2024
Unrestricted Funds
| Unrestricted Funds | ||
|---|---|---|
| Income and Endowments from: Donations and legacies Investment income Total income Expenditure on: Charitable activities Total expenditure Net expenditure Transfer of assets from unincorporated charity Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total Unrestricted Funds 2024 £ 23,915 1,556 25,471 (34,559) (34,559) (9,088) - (9,088) 52,551 43,463 |
Total Unrestricted Funds 2023 £ 29,630 1,200 |
| 30,830 | ||
| (31,128) | ||
| (31,128) | ||
| (298) 52,849 |
||
| 52,551 - |
||
| 52,551 |
This page does not form part of the statutory financial statements. Page 16
Northumbrian Industrial Mission Limited
Detailed Statement of Financial Activities for the Year Ended 31 December 2024
| Income and Endowments from: Donations and legacies (analysed below) Investment income (analysed below) Total income Expenditure on: Charitable activities (analysed below) Total expenditure Net expenditure Transfer of assets from unincorporated charity (analysed below) Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total 2024 £ 23,915 1,556 25,471 (34,559) (34,559) (9,088) - (9,088) 52,551 43,463 |
Total 2023 £ 29,630 1,200 |
|---|---|---|
| 30,830 | ||
| (31,128) | ||
| (31,128) | ||
| (298) 52,849 |
||
| 52,551 - |
||
| 52,551 |
This page does not form part of the statutory financial statements. Page 17
Northumbrian Industrial Mission Limited
Detailed Statement of Financial Activities for the Year Ended 31 December 2024
| Donations and legacies Appeals and donations Grants receivable Investment income Interest on cash deposits Charitable activities Wages and salaries Staff pensions (Defined contribution) - pension scheme 1 Telephone and fax Printing, postage and stationery Sundry expenses Travel and subsistence Depreciation of office equipment Insurance Accountancy fees Independent examiner's fee Legal and professional fees Bank charges Transfers between funds Funds - Transfer from another fund |
Total 2024 £ 130 23,785 23,915 1,556 1,556 (24,580) (682) (1,662) (400) (1,726) (1,775) (417) (512) (582) (1,494) (628) (101) (34,559) - |
Total 2023 £ 130 29,500 |
|---|---|---|
| 29,630 | ||
| 1,200 | ||
| 1,200 | ||
| (23,540) (724) - - (1,659) (1,368) (418) (505) (1,230) (1,080) (597) (7) |
||
| (31,128) | ||
| 52,849 |
This page does not form part of the statutory financial statements. Page 18