Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161 **Charity number: 1199331** ## **THE HOLY TRINITY GATESHEAD CHURCH TRUST** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 AUGUST 2025** Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161 ## **THE HOLY TRINITY GATESHEAD CHURCH TRUST** ## **CONTENTS** ||Page| |---|---| |**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1| |**Trustees' Report**|2 - 5| |**Independent Examiner's Report**|6 - 7| |**Statement of Financial Activities**|8| |**Balance Sheet**|9| |**Notes to the Financial Statements**|10 - 21| Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161 ## **THE HOLY TRINITY GATESHEAD CHURCH TRUST** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025** |**Trustees**|C Houghton, ex-officio trustee| |---|---| ||C H Causier| ||T Davies| ||D Dawes| ||J M Steer| ||R P Adcock1| ||C J Williams1| |1
Trustees nominated by the Jesmond Trust
**Charity registered**
**number**
1199331
**Principal office**
Holy Trinity Church
Marigold Avenue
Gateshead
NE10 0DP
**Accountants**
Kinnair and Company Limited
Chartered Accountants
Aston House
Redburn Road
Newcastle upon Tyne
NE5 1NB
**Website**
https://www.holytrinitygateshead.org.uk/|| Page 1 Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161 ## **THE HOLY TRINITY GATESHEAD CHURCH TRUST** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2025** The Trustees present their annual report together with the financial statements of the Charity for the period 1 September 2024 to 31 August 2025. Holy Trinity Gateshead Church Trust Charitable Incorporated Organisation (the CIO) was registered 16th June 2022 to continue the work of Holy Trinity Church Gateshead (HTG) founded 15th January 2008 by Jesmond Parish Church, Newcastle. The assets, operations and activities of the Holy Trinity Gateshead church were successfully transferred to the Holy Trinity Gateshead Church CIO on 5th April 2023 from the Jesmond Trust. ## **Objectives and activities** ## **Policies and objectives** The CIO is concerned to see the advancement of the Christian Religion in and beyond Gateshead by the sharing of the Christian Gospel message with those who haven't heard it and the growing to maturity in faith of existing believers through the ministry of the clergy, staff, and other members of the Holy Trinity Gateshead church. Our formal charitable objective is to see the advancement of the Christian Religion through the provision of property (including accommodation for clergy), finance, ministry and other help for the whole mission of the Church, pastoral, evangelistic, social and ecumenical in accordance with the Anglican doctrine that is “grounded in the Holy Scriptures, and in such teachings of the ancient Fathers and Councils of the Church that are agreeable to the said Scriptures.” In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. ## **Strategy and activities undertaken to achieve objectives** HTG gathers for public services and conducts various activities in the pursuit of the objectives stated. We also partner with other churches through the diocese of the Anglican Mission in England for mutual support spiritually and contribute financially to the central costs of the diocese. ## **Achievements and performance** ## **Main activities undertaken to further the Charity's purposes for public benefit and achievements of the Charity** Our core activity is our weekly Sunday service, which provides public worship focused on prayer; clear, accessible Bible teaching; vibrant sung worship; and congregational fellowship. These services are designed both to nurture the faith of existing members and to welcome those new to the Christian faith, with opportunities to explore the gospel further through periodic evangelistic courses during the year. Alongside Sunday worship, the charity delivers a structured programme of age-appropriate ministry for children and young people, including a crèche, children’s groups, and a fortnightly youth group. Monthly all-age services encourage participation across the generations. We also support spiritual growth through midweek small groups, including Home Groups and Women’s Bible studies, and an annual church day away. Many of these activities are ably led by trained volunteers, supported by staff, and overseen by the Senior Minister and Church Council. To strengthen pastoral care within our small groups, structured pastoral care training for Home Group leaders was introduced during the year, in partnership with the theological training provider, Crosslands. Significant milestones in faith development were celebrated, including seven confirmations in November 2024 and six baptisms over the course of the year. These baptisms included a number of young people publicly Page 2 Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161 ## **THE HOLY TRINITY GATESHEAD CHURCH TRUST** **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** affirming their personal faith in Jesus, which was a moment of great joy for the church. ## **Growth and Development of Sunday Services** Following the ongoing numerical growth of those attending our Sunday services, we invested significantly in practical improvements during the year, with the purchase of new chairs to increase our seated capacity in our main auditorium by 25%, to accommodate a total of 250 people at once. The Church Council has continued to give a significant amount of time, thought, and prayer to how we continue growing sustainably and deepen our fellowship in the years ahead, and having evaluated a number of potential options, took the bold decision to start a second Sunday service from September 2025. The latter part of the year has been spent consulting with the church family and making practical preparations for this big change. ## **Staff, Leadership and Governance** The year saw significant developments in staffing, with 2 key appointments being made. Revd. Tim Lewis joined the staff team as our new Assistant Minister (Families) in March 2025 and he subsequently helped to oversee the recruitment of a new Youth Worker who will join the team in September 2025, widening our capacity to deliver our charitable activities, particularly among children and young people. The charity also supported mission beyond its immediate context through our strategic support of mission partners, which include a Scripture Union regional director; a couple working at a Christian Hospital in the middle east; Innovista, an organisation that seeks to equip and strengthen local leaders in countries from UK & Ireland to Ukraine, Moldova and other parts of eastern Europe; and a new AMiE church plant in the nearby town of South Shields. Further steps were taken to recognise and support pastoral leadership within the charity. This included an increase in working hours for one staff member to reflect responsibilities already being carried, and involvement in wider diocesan and network level ministry. At a strategic level, the Senior Minister undertook additional regional and national responsibilities within Anglican and other local networks, including serving on the AMiE Ordination Team; the Anglican Network in Europe communications team, and teaching on the North East Gospel Partnership training course; contributing to the strengthening of churches beyond the charity itself. Trustees devoted significant time during the year to staff care and governance. This included increasing annual leave entitlement, revising sabbatical policy to ensure equity for part time pastoral staff, and developing a staff handbook to clarify expectations and responsibilities. Preparatory work was also undertaken in anticipation of reviewing a range of operational policies in the coming year, including health and safety, IT and social media, lone working, and food hygiene. ## **Outreach events** The charity continued to engage actively in outreach and evangelistic activity throughout the year. Links with local primary schools deepened through assemblies and practical support initiatives. Leaflet distribution and occasional outreach events have had a measurable impact in raising awareness of the church in the local area. Regular outreach events for the local community include a longstanding weekly ‘Tots’ group for parents and their babies and toddlers during term time. Special events are regularly run to invite the wider community to come and join in the fellowship of the church and encounter the gospel. We built on the success of last year’s Summer Fare for the local community, running a similar even in June 2025; which included a jumble sale and free access to a bouncy castle, giant inflatable slide, bike repair station, cakes, crafts and much more. We saw many guests from the local community coming into the building for the first time. A highpoint in the year was the annual ‘Holiday Club’ which ran for five mornings at the start of the summer school holiday followed by a special Sunday service. Local primary aged children were cared for by church Page 3 Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161 ## **THE HOLY TRINITY GATESHEAD CHURCH TRUST** **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** members with games, drama, puppets, singing and a bible talk each day. We saw more children from the local primary school coming along this year, with a total of 100 different children coming across the 5 days. Our ‘Saturday Cinema’ events, where we screen children's films as a cheap and fun event for local families, continued to have prove popular with up to 80 people coming to each event, the majority of whom don’t come to other church events / activities. ## **Financial review** ## **Going concern** After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. ## **Reserves policy** The CIO’s reserves policy is to hold short-term reserves sufficient for working capital – this is estimated to be no less than 3 and 6 months of total staff costs - between £27,000 - £54,000. Trustees are satisfied with the current level of reserves which are set out in more detail below. ## **Financial Review** During the period the CIO’s total income was £289,150, with £282,862 of that from voluntary donations of cash and receivable gift aid. The Trustees thank God for his generous provision. Total expenditure was £230,756. Therefore, the CIO made a surplus of £58,394 for the period. The CIO held unrestricted fund balances at 31st August 2025 of £1,193,538. These were made up of a surplus in the General Fund of £123,786 and a surplus of £1,069,752 in the Capital Reserve. The CIO also held a restricted fund balance of £nil (2024 - £13,406) in relation to “Special Projects”, the current year’s project of the planned replacement of all the chairs and bibles in the main auditorium having been carried out during the year with all the restricted funds spent on the intended items. The free reserves of the CIO after accounting for fixed assets held by the charity and their related loan (which do not form part of the free reserves) were £123,786. The reserves are currently higher than the policy due to a large, unrestricted, one-off gift received during the year. The trustees decided to use these extra funds to provide tapered funding towards a youth worker as the church continues to grow and reach out to local families and schools. The youth worker started work at HTG on 1st September 2025. ## **Structure, governance and management** ## **Constitution and organisational structure** Holy Trinity Gateshead is the operating name of The Holy Trinity Gateshead Church Trust, a Charitable Incorporated Organisation (CIO) registered with the Charity Commission for England & Wales, to enable the church and its ministry to benefit from operating as a UK charity. The governing document is a constitution based on the foundation model of CIO. The Holy Trinity Gateshead Church Trust (registered charity 1199331) is managed by its Charity Trustees, who are also the voting members of the CIO. The Charity Trustees are accountable to the Charities Commission. The Church Council, which meets monthly, advises and supports the Trustees and is fully accountable to the Trustees. ## **Trustee Responsibilities** HTG’s Trustees manage all the affairs of the Holy Trinity Gateshead Church Trust, exercising the powers of the CIO to further the objects of the charity. ## **Church Council Responsibilities** The Church Council’s purpose is to advise, support, and assist the Senior Minister and the Trustees to ensure Page 4 Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161 ## **THE HOLY TRINITY GATESHEAD CHURCH TRUST** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** that the church fulfils its purpose pastorally, evangelistically, societally, and ecumenically as outlined in the objects of the charity. ## **Methods of appointment or election of Trustees** All Trustees must: - Be committed and mature Christians, in good standing and membership of a church. - Be of proven godly character in accordance with the character requirements for Deacons in the New Testament (1 Timothy 3v8-13). - Be in full agreement with the objects of The Holy Trinity Gateshead Church Trust and reaffirm this annually. - Be a qualified and suitable person to be a Trustee of a charity and must reaffirm this annually. The Senior Minister of Holy Trinity Gateshead church is an ex-officio Trustee of the CIO for the duration of his service as the Senior Minister of the church. HTG Appointed Trustees are members of the HTG church family. Some of them will serve on the Church Council. They are able to provide the Trustees with an on the ground perspective from within the church family and enable better communication between the church and the Trustees. A new Trustee must be appointed by a resolution passed at a Trustee meeting. They can be removed by the same process. It is expected that Trustee appointments will take into consideration the views of the Church Council. Jesmond Trust Nominated Trustees are members of other churches, appointed by the Jesmond Trust (Registered Charity 1193725) to bring insight from outside the church family, to help secure the objects of the CIO in the long term, and maintain our connection to the wider church. This provision reflects our historic and ongoing connections with The Jesmond Trust, as founders of HTG, and their continuing role as a patron. Approved by order of the members of the board of Trustees on and signed 11-Jun-2026 on their behalf by: **Christopher Houghton** Trustee Page 5 Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161 ## **THE HOLY TRINITY GATESHEAD CHURCH TRUST** ## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2025** ## **Independent Examiner's Report to the Trustees of The Holy Trinity Gateshead Church Trust ('the Charity')** I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 August 2025. ## **Responsibilities and Basis of Report** As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent Examiner's Statement** Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. Your attention is drawn to the fact that the Charity has prepared the accounts 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. 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 that in any material respect: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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. Page 6 Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161 ## **THE HOLY TRINITY GATESHEAD CHURCH TRUST** ## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025** This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters 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 anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. Signed: Dated: 11-Jun-2026 Mai L C Mak BSc. Hons. FCA Chartered Accountant Kinnair and Company Limited Chartered Accountants Aston House Newcastle Upon Tyne Page 7 Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161 ## **THE HOLY TRINITY GATESHEAD CHURCH TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025** |**Note**
**Income from:**
Donations and legacies
3
Charitable activities
4
Investments
5
Other income
**Total income**
**Expenditure on:**
Charitable activities
**Total expenditure**
**Net income**
Transfers between funds
14
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2025**
**£**
**268,882**
**5,469**
**650**
**169**
**275,170**
**230,756**
**230,756**
**44,414**
**27,386**
**71,800**
**1,121,738**
**71,800**
**1,193,538**|**Restricted**
**funds**
**2025**
**£**
**13,980**
**-**
**-**
**-**
**13,980**
**-**
**-**
**13,980**
**(27,386)**
**(13,406)**
**13,406**
**(13,406)**
**-**|**Total**
**funds**
**2025**
**£**
**282,862**
**5,469**
**650**
**169**
**289,150**
**230,756**
**230,756**
**58,394**
**-**
**58,394**
**1,135,144**
**58,394**
**1,193,538**|_Total_
_funds_
_2024_
_£_
_217,805_
_4,944_
_-_
_1,073_| |---|---|---|---|---| |||||_223,822_| |||||_206,151_| |||||_206,151_| |||||_17,671_
_-_| |||||_17,671_| |||||_1,117,473_
_17,671_| |||||_1,135,144_| The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 10 to 21 form part of these financial statements. Page 8 Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161 ## **THE HOLY TRINITY GATESHEAD CHURCH TRUST** ## **BALANCE SHEET AS AT 31 AUGUST 2025** |**Note**
**Fixed assets**
Tangible assets
10
**Current assets**
Debtors
11
Cash at bank and in hand
**Current liabilities**
Creditors: amounts falling due within one
year
12
**Net current assets**
**Total assets less current liabilities**
Creditors: amounts falling due after more
than one year
13
**Total net assets**
**Charity funds**
Restricted funds
14
Unrestricted funds
14
**Total funds**|**13,647**
**120,028**
**133,675**
**(12,053)**|**2025**
**£**
**1,137,547**
**1,137,547**
**121,622**
**1,259,169**
**(65,631)**
**1,193,538**
**-**
**1,193,538**
**1,193,538**|_11,266_
_76,942_
_88,208_
_(14,277)_|_2024_
_£_
_1,129,226_
_1,129,226_
_73,931_
_1,203,157_
_(68,013)_
_1,135,144_
_13,406_
_1,121,738_
_1,135,144_| |---|---|---|---|---| The financial statements were approved and authorised for issue by the Trustees on and 11-Jun-2026 signed on their behalf by: ## **Christopher Houghton** Trustee The notes on pages 10 to 21 form part of these financial statements. Page 9 Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161 ## **THE HOLY TRINITY GATESHEAD CHURCH TRUST** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **1. General information** The charity is a Charitable Incorporated Organisation, registered with the Charity Commission in England and Wales. Its registered office is at Holy Trinity Church, Marigold Avenue, Gateshead NE10 0DP. ## **2. Accounting policies** ## **2.1 Basis of preparation of financial statements** The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The Holy Trinity Gateshead Church Trust 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. ## **2.2 Going concern** These financial statements are drawn up on the going concern basis. ## **2.3 Income** All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Donations are included in the Statement of Financial Activities on a receivable basis. Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service. ## **2.4 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. Page 10 Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161 ## **THE HOLY TRINITY GATESHEAD CHURCH TRUST** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **2. Accounting policies (continued)** ## **2.4 Expenditure (continued)** All expenditure is inclusive of irrecoverable VAT. ## **2.5 Interest receivable** Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. ## **2.6 Tangible fixed assets and depreciation** Tangible fixed assets are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost or their fair value if they have been donated. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method. The estimated useful lives are as follows: |Freehold property|-|up to 100 years| |---|---|---| |Long-term leasehold property|-|Over the remaining lease term (84 years from| |||the date of donation)| |Fixtures and fittings|-|10 years (3 to 7 years for donated assets)| |Computer equipment|-|3 years| ## **2.7 Debtors** Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **2.8 Cash at bank and in hand** Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **2.9 Liabilities and provisions** Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Page 11 Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161 ## **THE HOLY TRINITY GATESHEAD CHURCH TRUST** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **2. Accounting policies (continued)** ## **2.10 Financial instruments** The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## **2.11 Pensions** The Charity contributes to personal pension plans for its employees. The charge in the financial statements is equal to the payments made by the Charity during the year. ## **2.12 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. ## **3. Income from donations and legacies** |**Unrestricted**
**funds**
**2025**
**£**
Other donations
268,882
_Unrestricted_
_funds_
_2024_
_£_
Other donations
_204,399_
_204,399_|**Restricted**
**funds**
**2025**
**£**
13,980
_Restricted_
_funds_
_2024_
_£_
_13,406_
_13,406_|**Total**
**funds**
**2025**
**£**
**282,862**| |---|---|---| |||_Total_
_funds_
_2024_
_£_
_217,805_| |||_217,805_| Page 12 Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161 ## **THE HOLY TRINITY GATESHEAD CHURCH TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **4. Income from charitable activities** |**Unrestricted**
**funds**
**2025**
**£**
Evangelism and Outreach
1,586
Fellowship and small groups
1,850
Youth and children
2,033
5,469|**Total**
**funds**
**2025**
**£**
**1,586**
**1,850**
**2,033**
**5,469**|_Total_
_funds_
_2024_
_£_
_1,202_
_1,323_
_2,419_| |---|---|---| |||_4,944_| ## **5. Investment income** ||**Unrestricted**|**Total**|_Total_| |---|---|---|---| ||**funds**|**funds**|_funds_| ||**2025**|**2025**|_2024_| ||**£**|**£**|_£_| |Bank interest receivable|650|**650**|_-_| ## **6. Analysis of expenditure by activities** |Evangelism and Outreach
Fellowship and small groups
Partnership
Services
Youth and children
Property|**Activities**
**undertaken**
**directly**
**2025**
**£**
16,709
25,133
26,580
32,549
28,383
-
129,354|**Support**
**costs**
**2025**
**£**
7,001
11,667
2,333
14,001
11,667
54,733
101,402|**Total**
**funds**
**2025**
**£**
**23,710**
**36,800**
**28,913**
**46,550**
**40,050**
**54,733**| |---|---|---|---| ||||**230,756**| Page 13 Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161 ## **THE HOLY TRINITY GATESHEAD CHURCH TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **6. Analysis of expenditure by activities (continued)** |Evangelism and Outreach
Fellowship and small groups
Partnership
Services
Youth and children
Property|_Activities_
_undertaken_
_directly_
_2024_
_£_
_15,230_
_23,803_
_27,375_
_29,481_
_26,602_
_-_
_122,491_|_Support_
_costs_
_2024_
_£_
_10,397_
_10,851_
_2,170_
_13,022_
_10,851_
_36,369_
_83,660_|_Total_
_funds_
_2024_
_£_
_25,627_
_34,654_
_29,545_
_42,503_
_37,453_
_36,369_| |---|---|---|---| ||||_206,151_| ## **Analysis of support costs** |Staff costs
Depreciation
Property management charges and contracts
Rent and rates
Repairs & renewals - Church building
Energy costs
Accountancy & independent report fees
Professional fees
Insurance
Safeguarding
Trustee expenses
Office and administration costs
Other staff costs
Mortgage interest|**Total**
**funds**
**2025**
**£**
**16,444**
**20,772**
**7,609**
**20,097**
**2,261**
**13,539**
**2,699**
**(305)**
**2,117**
**644**
**-**
**5,244**
**6,287**
**3,994**
**101,402**|_Total_
_funds_
_2024_
_£_
_15,899_
_17,883_
_7,204_
_7,281_
_3,518_
_14,002_
_2,858_
_35_
_1,917_
_1,669_
_11_
_3,926_
_3,088_
_4,369_| |---|---|---| |||_83,660_| Support costs are allocated to charitable activities on the basis of estimated use of staff resources as follows:- Evangelism and outreach - 15%; Fellowship and small groups - 25%; Partnership - 5%; Services - 30%; Youth and children - 25% Page 14 Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161 ## **THE HOLY TRINITY GATESHEAD CHURCH TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **7. Independent examiner's remuneration** ||**2025**|_2024_| |---|---|---| ||**£**|_£_| |Fees payable to the Charity's independent examiner for the independent||| |examination of the Charity's annual accounts|**2,160**|_2,040_| ## **8. Staff costs** |Wages and salaries
Social security costs
Contribution to defined contribution pension schemes|**2025**
**£**
**92,893**
**1,930**
**13,961**
**108,784**|_2024_
_£_
_90,392_
_1,942_
_11,065_| |---|---|---| |||| |||_103,399_| The average number of persons employed by the Charity during the year was as follows: ||**2025**|_2024_| |---|---|---| ||**No.**|_No._| |Activities of the church|**4**|_4_| No employee received remuneration amounting to more than £60,000 in either year. The key management personnel of the charity are the Trustees who are not remunerated except as stated below. ## **9. Trustees' remuneration and expenses** |||**2025**|_2024_| |---|---|---|---| |||**£**|_£_| |Christopher Houghton|Remuneration|**31,276**|_29,618_| ||Pension contributions paid|**6,255**|_6,721_| During the year ended 31 August 2025, expenses totalling _£_ 1,277 were reimbursed or paid directly to 1 Trustee _(2024 - £1,250 to 2 Trustees)_ . Page 15 Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161 ## **THE HOLY TRINITY GATESHEAD CHURCH TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **10. Tangible fixed assets** |**Cost or valuation**
At 1 September 2024
Additions
At 31 August 2025
**Depreciation**
At 1 September 2024
Charge for the year
At 31 August 2025
**Net book value**
At 31 August 2025
_At 31 August 2024_
**Debtors**
**Due within one year**
Other debtors
Prepayments and accrued income|**Freehold**
**property**
**£**
**196,458**
**-**
**196,458**
**5,614**
**2,806**
**8,420**
**188,038**
_190,844_|**Long-term**
**leasehold**
**property**
**£**
**940,039**
**-**
**940,039**
**22,382**
**11,190**
**33,572**
**906,467**
_917,657_|**Fixtures and**
**fittings**
**£**
**27,613**
**29,093**
**56,706**
**6,889**
**6,775**
**13,664**
**43,042**
_20,724_
**2025**
**£**
**11,368**
**2,279**
**13,647**|**Total**
**£**
**1,164,110**
**29,093**| |---|---|---|---|---| |||||**1,193,203**| |||||**34,885**
**20,771**| |||||**55,656**| |||||**1,137,547**| |||||_1,129,225_| |||||_2024_
_£_
_9,093_
_2,173_
_11,266_| ## **11. Debtors** Page 16 Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161 ## **THE HOLY TRINITY GATESHEAD CHURCH TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **12. Creditors: Amounts falling due within one year** |Bank loans
Trade creditors
Other creditors
Accruals and deferred income
**Creditors: Amounts falling due after more than one year**
Bank loans
Included within the above are amounts falling due as follows:
**Between one and two years**
Bank loans
**Between two and five years**
Bank loans
**Over five years**
Bank loans|**2025**
**£**
**2,166**
**3,586**
**-**
**6,301**
**12,053**
**2025**
**£**
**65,631**
**2025**
**£**
**2,200**
**7,000**
**56,431**|_2024_
_£_
_1,950_
_5,147_
_1,140_
_6,040_| |---|---|---| |||| |||_14,277_| |||_2024_
_£_
_68,013_| |||_2024_
_£_
_2,100_| |||_7,000_| |||_58,913_| ## **13. Creditors: Amounts falling due after more than one year** The bank loan of £67,797 is secured by first legal charge over 10 Radcliffe Close which is stated at £188,038 in these accounts. Page 17 Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161 ## **THE HOLY TRINITY GATESHEAD CHURCH TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **14. Statement of funds** ## **Statement of funds - current year** |**Unrestricted funds**
General Funds - all funds
Capital Reserve
**Restricted funds**
Restricted Funds - all funds
**Total of funds**|**Balance at 1**
**September**
**2024**
**£**
**62,475**
**1,059,263**
**1,121,738**
**13,406**
**1,135,144**|**Income**
**£**
**275,170**
**-**
**275,170**
**13,980**
**289,150**|**Expenditure**
**£**
**(230,756)**
**-**
**(230,756)**
**-**
**(230,756)**|**Transfers**
**in/out**
**£**
**16,897**
**10,489**
**27,386**
**(27,386)**
**-**|**Balance at**
**31 August**
**2025**
**£**
**123,786**
**1,069,752**| |---|---|---|---|---|---| ||||||**1,193,538**| ||||||**-**| ||||||**1,193,538**| The Capital Reserve fund contains the net book value of fixed assets held by the CIO, less the loan related to one of the properties held. The expenditure charged against this Reserve relates to the depreciation of fixed assets plus the interest charged on the loan. Transfers are made to the Capital Reserve from the General Fund to reflect additions of fixed assets and payments made in respect of the loan. The Restricted fund Special Projects reserve was used for specific one-off appeals towards particular projects, usually related to capital expenditure. Page 18 Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161 ## **THE HOLY TRINITY GATESHEAD CHURCH TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **14. Statement of funds (continued)** ## **Statement of funds - prior year** |||_Balance at_|||||_Balance at_| |---|---|---|---|---|---|---|---| ||_1_|_September_||||_Transfers_|_31 August_| |||_2023_|_Income_|_Expenditure_||_in/out_|_2024_| |||_£_|_£_||_£_|_£_|_£_| |**Unrestricted funds**|||||||| |Capital Reserve||_1,066,376_|_-_|_-_||_(7,113)_|_1,059,263_| |General funds||_51,097_|_210,416_|_(206,151)_||_7,113_|_62,475_| |||_1,117,473_|_210,416_|_(206,151)_||_-_|_1,121,738_| |**Restricted funds**|||||||| |Special projects reserve||_-_|_13,406_|_-_||_-_|_13,406_| |**Total of funds**||_1,117,473_|_223,822_|_(206,151)_||_-_|_1,135,144_| |**Summary of funds**|||||||| |**Summary of funds**|**- current year**||||||| ||**Balance at 1**||||||**Balance at**| ||**September**|||||**Transfers**|**31 August**| |||**2024**|**Income**|**Expenditure**||**in/out**|**2025**| |||**£**|**£**||**£**|**£**|**£**| |General funds||**1,121,738**|**275,170**|**(230,756)**||**27,386**|**1,193,538**| |Restricted funds||**13,406**|**13,980**|**-**||**(27,386)**|**-**| |||**1,135,144**|**289,150**|**(230,756)**||**-**|**1,193,538**| ||||||||| ## **15. Summary of funds** Page 19 Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161 ## **THE HOLY TRINITY GATESHEAD CHURCH TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **15. Summary of funds (continued)** ## **Summary of funds - prior year** |General funds
Restricted funds|_Balance at_
_1 September_
_2023_
_£_
_1,117,473_
_-_
_1,117,473_|_Income_
_£_
_210,416_
_13,406_
_223,822_|_Expenditure_
_£_
_(206,151)_
_-_
_(206,151)_|_Transfers_
_in/out_
_£_
_-_
_-_
_-_|_Balance at_
_31 August_
_2024_
_£_
_1,121,738_
_13,406_| |---|---|---|---|---|---| ||||||_1,135,144_| ## **16. Analysis of net assets between funds** **Analysis of net assets between funds - current year** |**Unrestricted**
**funds**
**2025**
**£**
Tangible fixed assets
1,137,547
Current assets
133,675
Creditors due within one year
(12,053)
Creditors due in more than one year
(65,631)
**Total**
1,193,538|**Total**
**funds**
**2025**
**£**
**1,137,547**
**133,675**
**(12,053)**
**(65,631)**| |---|---| ||**1,193,538**| ## **Analysis of net assets between funds - prior year** |Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
**Total**|_Unrestricted_
_funds_
_2024_
_£_
_1,129,226_
_74,802_
_(14,277)_
_(68,013)_
_1,121,738_|_Restricted_
_funds_
_2024_
_£_
_-_
_13,406_
_-_
_-_
_13,406_|_Total_
_funds_
_2024_
_£_
_1,129,226_
_88,208_
_(14,277)_
_(68,013)_| |---|---|---|---| ||||_1,135,144_| Page 20 Docusign Envelope ID: 9E12BA82-7006-8AFF-80EE-4425A58EE161 ## **THE HOLY TRINITY GATESHEAD CHURCH TRUST** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **17. Pension commitments** The charity contributes to contribution pension schemes for its employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £13,962 (2024 - £11,065). No amounts were payable to the fund at the balance sheet date. ## **18. Related party transactions** Five Trustees or their close relations (2024 - five) have made donations to the CIO totalling £76,373 (2024 - £34,175) in the year. This included a one-off donation from one trustee of £40,000. Page 21