CHARrrY REGISTRATION NUMBER: 1201903 COMPANY NUMBER: CE031372 C3 Newcastle Trustees. Annual Report & Flnanclal Statements 31 March 2024 West 2, Asama Court Newcastle Business Park Newcastle upon Tyne NE4 7YD
C3 Newcastle Flnanclal Statements Period ended 31 March 2024 Page Trustees, annual ret*Jt Independent e¥amlneYs rewt to the Trustees ststement of finandal thlles (IncorwraVn9 the OrMe and expeTrJlture COurt1 Balan Sheet Notes to the hnandol siatements
C3 Newcastle Trustees. Annual Report Perlod ended 31 Mah 2024 The tnjstees psent thdr flrst rewt for C3 Newcasue fthe char1ty? and the unaudited financial 51atements of the charfty for the ptho(J ended 31 March 2024. Reference admlnlstrntlve detaS18 R¢glst•rnd ¢h•rity name C3 New5ve Charity r•glstrallon numb•r 1201903 Company number CE031372 Prlndpal offl 85 aty Road Newcasue upon Tyne NEI 2AQ Tho truste S J Taylor R J Chamber5 E M Ayalogu Appolnted 18 December 2022 Appolnted 18 December 2022 Appointed 14 Dember 2022 Independent examlner Peter Alexander Bsc Stephenson Coates rnIted West 2, Asama Court Newcastle Buslness Park Newcastle upon Tyne NE4 7YD Bank•rJ Co-operatlye Bank PIC 131-135 Northumberfand Street Newcastle upon Tyne NEI 7AG
C3 Newcastle Trustees. Annual Report (contlnued) Period ended 31 March 2024 StructUf•y 9overnan¢e and management C3 Newcastle Is a Chadtable Incorporatet1 Organlsatlon (CIO) estsblished on 10 February 2023. governed by Its constitutlon. The Charlty Registration number is 1201903 and the Company registratlon number is CE031372. oln The Charity currently has three trustees. Recrultrnent of trustees Is undertaken by the trustees as the neeil amses In order to ensure that d)arity trustees collettlvely have the necessary skills, knowledge and experlence for the effertlve admlnlstratlon of the CIO. New trustees are brlefe(1 on the powers and responsibilits.es of the trustees and a provlded wlth a copy of the charfity's current constitutlon. They are also brfefed on the objectives of the charfty and provlded wlth a copy or the charlty latest Trustee Annual Report and statement of acwjnts. The charity Is managed by the trustees. who meet at least quarterty. or more frequenvy If the need arlses. There must be at least three trustees and a maxlmum number of slx. If the number of trustees falls below the mlnlmum the remalnlng trustee or trustees may art only to call a meetlng of the trustees to appolnt new tnJstees. Apart from the flrst trustees, every trustee Is appolnted for a temi of l year and 6 month5. The trustees have carrfed out a rfsk assessment to klentify the major govemance, flnanclal, operatlonal and compliance r5sks whlch the charlty tsces and thls Is reviewed e•th year. Procedures have been e5tabllshed to enable the trustees to monltor and mlfjgate those Tlsks. ObJ•ctlve• •nd artlvltl•• for th• publk b•n•fit The objectyves of the CIO are: To advance the Chrtstlan falth In accordance wlth the Statement ol Falth throughout England for the beneltt of the publlc malnly but not excluslvely through the provlslon ol a place of worshlp, the holdlng of prayer meetSngs, rellglous et1ucatlon and to provlde outreach and pastoral care for the communlty. The Trustees confimi that they have had re9)rd to the guldance Issued by the Chadty Commlsslon on publlc benefit and have ensured that the thartty's J¢Uvftle5 are allgned wlth these requlrements to provlde meanln9ful beneflt to the communlty. Achl•v•m•nt• and p•rlornianc• Thls year the Charlty has advance Chrlsuan fJlth and supported the communlty through varlous Inltlatlves almed at splrltual growth, communlty engagement and compasslonate care. Weekly worshlp servlces. prayer mttungs and mld-week small groups have offered Indlvjdualg a pl•ce of connectlon, falth renewal and personal orowth. Our stceS and small groups have reached people of all ages, eqvlpplng them wlth knowledge. values and 1Sfe skllls that promote wlse dedslon maklng and moral development and to draw closer to God. Our Church has also provlded prnrtlcal support and emotlonal encouragement to those In needi Partlculady durtng challenglng Umes. Together, these aCtIveS have not only beneflted Indlvlduals but also strengthened the communlty by promotlng empathyt shared purpose and reslllence, contributlng to the wdl-belng of soclety as a whole. Pl•n• for th• futurn To bulld on growlng the Church congre9Jtlon and outrea¢h In the communlty. Galng Con¢ern The trustees has revlewed tts cash flow forecasts and there Is a reasonable expertatlon that has adequate sources to contynue In operatlonal exlstence for at least the next twelve months and on thls basls the chadty Is consldered to be a golng concem.
C3 Newcastle Trustees. Annual Report (contlnued) Perlod ended 31 March 2024 Flnancl•l revlew and reser¥•s policy At the end of the period, the Charity malntalned a stable nnandal [ltIOn wlth suffiaent income to cover Its maln art1vfjeS and operauonal costs. Durlng the perlod to 31 March 2024, totsl income received by the chamty wa5 E141,096 all of whith was unrestrirted Income. Total expendlture for the perfod ended 31 March 2024 was £85,618 resulung In a net Income posltlon at the perood end of £55.478. unrestCted reserves at 31 March 2024 were £55,478, and there were no restricted reserves. The overall ftjnds posltlon for the chartty at 31 March 2024 was £55.478. It Is the pollcy of the charity to maintain unrestrirted funds. whlch are the free resetves of the charlty, at a level whlch equates to approxlmately slx months un$trted expendlture. Thls provldes sufflclent funds to cover management. adm1n1stra0n and support costs. St•t•ment of Tru•teeg' R•SponbIlItIa$ The Trustees a responslble for prepadng the Trustees, RekX)rt and the flnandal statements In accordance wlth appllcable law and Unlted Klngdom A¢counUng Standards (Unlted Klngdom Generally Accepted Accountlng Practlce). The law appllcable to chadtles In England & Wales requlres the trustees to prepare finanaal statements for each flnanclal year whlch glve a true and falr vlew of the state of affalrs of the Charity and of the Incomlng resources and applicatlon ol resources of the tharlty lor that perlod. In prepamng these flnanclal Statements. the trustees are requlred to.. Selert sultable accountlng polldes and then apply conslstentlyi Obserye the methods and prlnclples In the Charltles SORP. Make judgements and estlmates that are reasonable and prudent: State whether appll¢able accountyng standards have been followed. subject to any materlal departu5 dlsclosed and explalned In the financlal statements.. and Prepare the flnanclal ststements on the oolng concem b4s1s unless It Is Inapproprlate to presume that the chartty wfill contlnue artlvltses. The trustees a sponsIble for keeplng adequate accountlng records that dls¢lose wlth aSonable accuracy at èny tlme the flnandal posltlon of the chartty, and to enable them to ensure that the flnancbal statements comply wlth the ChaHtJes Art 2011, the appllcable Charfity (Accounts and Reports) Regulatlons, and the provlslons of the charttles govemlng document. They are also responslble for sJfeguardlng the assets ol the charfty and taklng reasonable step5 for the preventlon and detectlon of fraud and other IrTegulartUes. The trustees, annual report was approved on 23 1)eceml)er 2024 and slgned on behalf ol the board of trustees by.. S ) Taylor Trustee, Chalr
C3 Newcastle Independent Examlner's Report to the Trustees of C3 Newcastle Perlod ended 31 March 2024 I POrt to the trustees on my examlnatfjon of the financial statements of C3 Newcasde ('the tharity'l for the pertod ended 31 March 2024. which are set out on pages 5 to 11. Responsibllltl¢s and basls of r•ptsrt As the trustees of the chadty. you are re5ponslble for the preparation of the flnanclal ststements In accordance wlth the requ1ments of the (aNtIeS Act 2011 Cthe AcY}. I report In respect of my examination of the charlty's financlal statements cathed out under sertlon 145 of the 2011 Act and in carrylng out my examinaon, I have followed all the appllcable dlrectlon$ 9lven by the Chaty Commlsslon under secuon 145{51(b) of the 2011 Act. IndepeThd•nt examlnerfs •tat•ment I have completed my examlnatyon. I tonfirni that no materlal matters have come to my attenon In connertlon wlth the examlnauon glvlng me cause to belleve that In any material respe¢t: the accountyng records were not kept In resped of the charlty as requlred by sectoon 130 of the Art: or the flnancoèl statements do not accord wlth those a¢counlJng records,. or the flnanaal statements do not comply wlth the appllcable requlrements Concemlng the fom and content of the flnandal statements set out In the Charfues (Accounts and Reports) Regulatlons 2008 other than any requlrement that the flnanclal statements glve a 'tsve and falr, vlew whlch Is not a matter considered as part of an independent examlnatyon. I have no concern5 and have come across no other matters In connertlon wlth the examlnatlon to whlch attentlon Should be drawn In thls report In order to enable a proper understandlng of the flnanclal statements to be reached. Peter Alexander Stephenson Coates Umlted West 2, Asama Court Newcastle Buslness Park Newcastle upon Tyne NE4 7YD 23 December 2024
C3 Newcastle Statement of Flnanclal Actlvltles (Incorporatlng the Income and expendlture account) Perlod ended 31 March 2024 2024 Unrethcted funds Total fund$ Incom• Donatlons and glfts Income from tharitable actltIeS 140.410 140,410 686 Total Income 141 096 141 096 Exp•ndltyre Charltable acUvlUes 85,618 85,618 Total expendlture N•t In¢omlng ruourc•s and n•t mov•m¢nt In lunds 55.478 55,478 Re¢onclllatlon of fund• Total lund5 brought forward Tot•1 funds carrled forw•rd 13. 14 The statement of flnanclal actlvltles Includes all galns and losses recognlsed In the year. All Income and expendlture dertve from contlnulng actyvltles. Th• not* on p•g•• 7-11 lorni of th•M flnan¢l•l •t•t•m•nts.
C3 Newcastle Balance Sheet 31 March 2024 2024 Note urr¢ni asgets Debtors Cash at bank ant1 In hand li 1.291 62,230 Credltors: amounts falling due wlthln one year 12 Net currnnt 55,478 Total asgets l•ss curr¢nt Ilabllltl 55,478 Net assets Fund$ of the charfty Unrestrlcted funds 55,478 Total ¢h•rlty lundg 13, 14 These Ilnanclal statements were approved by the board of trustees and auth¢rlsed lor Issue on 23 December 2024, and a slgned on behalf of the board by: S J Taylor Trustee, Chalr Th• not•• on p•g•s 7-11 form part of thes• flMnd•l •trtements.
C3 Newcastle Not¢$ to the Flnanelal Statements Perlod ended 31 March 2024 Gen•r•l inforniatlon The charity is a reglsttred charlty In England and Wales and Is a charltable Incorporated oroanlsation Icharfty number 1201903 and company number CE0313721. The addres5 of the pdnclpal offlce Is 85 Clty Road, Newcastle upon Tyne. NEI 2AQ. Statement of compllance These financlal statements have prepared In cornpliance wlth FRS 102. The Flnanclal Reportlng Standard applicable In the UK and the Republlc of Iland., the Statement of Recommended Practlce ppllcable to charities preparing their accounts In accordance wlth the Flnancial Reportlng Standard applScable In the UK and Republlc of Ireland (FRS 102} (Charitles SQRP (FRS 102)) and the Charttles Act 2011. The chahty meets the deflnltton of a publ1¢ benellt entlty under FRS 102. Accountlng pollcl B•$ls of preparatlon The flnanclal statements have been prepèred on the hlstorfcal cost bas15. The flnandal statements are prepared In #erflng. which b5 the fvncyonal currency of the entlty. Monetsry amounts In these flnanclal statements are rounded to the nearest £. Golng concern At the tlme of approvlng the flnandal statements, the trustees have a reasonable expertatlon that the charity has adeouate resources to contlnue In operatlonal exlstence for the foreseeable future. The trustees are confldent that the chaty has sufflcient ¥Yorklng capltsl to meet Its IlabSlltles as they fall due for a perlod of at least 12 months from the date of approval of the financlal statements. Therefore, the twstees continue to adopt the golng concem bas15 of accountlng In prepang the flnanclal statements, Judg•m¢nts •nd k•y •our¢e• of •Jtlmatlon un¢•rt•lnty The preparatlon of the flnanclal ststements requires mana9ement to make Judgements, esumates and assumptlons that affect the amounts reported. These estymates and judgements are contlnu)Ily revlewed and are b)se(J on expeNence and other fartors, Indudlng expettatlons of future events that are bdleved to be reasonable under the clrcumstances. There are no key sour¢e5 of estlmatlon uncertalnty to report that have a slgnlflcant rlsk of causlng a materfal adjustment to the flnanclal statements. Pund •c¢ountlng Unre5td(ted fvnd$ are avallable for use ot the dlscretlon of the trustees to further any of the charlty's purp¢se5. Deslgnated funds are unrestrfcted lunds earmarkeil by the trustees for partlcular future projects or Commltments. Restrfrted funds are subjected to restricuons on thelr expendlture dffiared by the donor or through the ternis of an appeal. and fall Into one of two sub-classes: restrfrted Income fvnds or endowment funds. Incomlng resourc•• I Incomlng resources are Included In the statement of financlal actlvltles when entltlement has passed to the Charlty; It Is probable that the economlc beneffts assodated wlth the transactlon wlll flow to the charlty and the amount can be rellabty measured. The followlng spedflc polldes are applled to partlcular categories of Income: Cash donatlons are re¢ognlsed on recelpt. Other donatfons are recognlsed when there Is evldence of entityement to the glft, receipt 15 probable and Its amount can be measured reliably. Income tax recoverable In relauon to donauons recelved under Glft Ald or deeds of covenant Is recognlsed at the Ume of the donation.
C3 Newcastle Notes to the Flnanclal Statements (contlnued) Perlod ended 31 March 2024 Resources expend Expendlture 15 recognised on an accruals basls as a liability 15 incued. Expendlture include5 VAT. and Is classlfied under headings of the statement of finandal actlvltles to whlch It relates- Expendlture on charftable avitieS indudes all costs Incur by a charity In undertaking artivities that furU)er its charitable aims for the benefit of Its benefiaarles, Includlng those support costs and costs relatlng to the governance of the thadty apportioned to charitable actlvities. All costs are allocated to expenditure categories refiethng the use of the resource. Dlrect costs attrlbutable to a ngle attlvlty are allocated dlrecuy to that actlvlty. Shad Costs are apportloned betsyeen the activltfies they contribute to on a reasonable, Jusufiable and conslstent basls. Fln•nclal In•trnm•nts A tlnandal asset or a flnandal Ilablllty Is reco9nlsed onty when the entoty becomes a party to the contracbjal provislons of the InstrumenL Baslc flnanclal Instruments are iniually recognlsed at the amount receivable or payable Indudlrtg any related transactlon costs, unless the arrangement constitutes a finandng transacuon, where It Is recognlsed at the present value of the future payments dlscounted at a market rate of Interest for a slmllar debt Instrument. Cuent assets and current Ilabllltles are subsequenljy measured at the cash or other conslderautsn expetted to be pald or recelved and not dlscounted. Debt Instruments are subsequently measured at amortlsed cost. Fonandal assets that are measured at cost or amorUsed cost are revlewed for objectlve evldence of Impalm)ent at the end ol eath reportlng date. If there Is objertlve evldence of Impalrment, an Impalrment loss Is recognlsed under the approprlate hejdlng In the ststement of flnandal attlvltles In whlch the Inltlal galn was recognlsed. Any reversals of Impalmient are recognlsed Immedlately. to the extent that the revewl does not result In a Carrylng amount of the financlal asset that exceeds what the carrylng amount would have been had the Impalrment not prevlously been recogrblsed. VoluTrtsry ••sl•tan Tlme Is expended on the charlty's artfivltles and govemance whlch Is donated tree ol charge. It 15 Impractlcal to quanufy the value of the tlme glven. and accordlngly It Is nelther reeorded as donated Income nor as an expense In the fln4ncl)I ststements. Flr•t y•ar accounts C3 Newcastle present thelr financlal ststements for the first reportln9 perlod slnce establlshlng. The perlod ol account to whlch these flnanclal statements relate Is 10 February 2023 - 31 March 2024. There are no prfor year Comparatlve flgures to report. Oon•tlon• •nd glfts Unrestrlcted Funds Total Fund• 2024 Donatlons and glfts 140 410 140,410 140 410 140,410
C3 Newcastle Notes to the Financlal Statements (contlnued) Perfod ended 31 March 2024 Charitable activitlés 2024 Café sales Expendltur¢ on ch•tlt•ble actlvities by fund typ• Unrestritted Funds Total Fund$ 2024 Café purchases Chur¢h 5eTvlce costs Events Insurance and utllSties Ucence fees, levies and Surcharges Offlce costs Professlonal and Ilcence fees Rent Repalrs and malntenance Software, Snternet and computer costs Staff costs statsnery, books and resources Subscripdons Travel and sub51stence 432 326 1,012 12,812 3,294 568 1,410 46,667 1,412 1,406 14,013 296 552 1,418 85.618 432 326 1,012 12,812 3,294 568 1.410 46.667 1.412 1,406 14,013 296 552 85,618 Exp•ndltur• on ¢harlt•bl• a¢tlvltlu by •¢tlvlty typ• Artlvltles undertaken dlrectly Support Costs Total Fund$ 2024 Café purchases Church servlce costs Events Insurance and utllltles Llcence fee5, levles and Surcharges Office costs profeSOnal and 11¢en fees Rent Repalrs and malntwTrance Software, Internet and computer costs Staff costs Stationeryi books and resources Subscrlptlons Travel and subslstence 432 326 1.012 12.812 3.294 568 210 46.667 1.412 1,406 14.013 296 552 432 326 1,012 12,812 3,294 568 1.410 46,667 1,412 1,406 14,013 296 552 1.200
C3 Newcastle Notes to the Financlal Statements (continued) Perfod ended 31 March 2024 Net Incomlng r•sources •r• ststed after charylng: 2014 Fees payable to rhe Independent examlner for.. Independent examlnauon and preparnUon of the finanoal statements st•ff costs 2024 Wages and salaries Employer's socjal securlty costs Penslon costs 13,065 547 401 No employee recelved mUnetIOn of more than £60.000 durln9 the Wod. The average number of employee5 durln9 the perlod was l. The chartty operates a defined COntbU.On penslon scheme. The assets of the scheme a held separately from those of the tharlty In an Independently admlnlstered fvnd. The employerfs penslon cost rePsent contrlbutlons payable by the charlty to the fund and amount to £401. 10. Tru•t•• r•mun•ratlon and exp¢n8•• The trustees are ¢tsnsldered to be the Key management personnel of the Chartty. No remuneratlon or other beneftts from employment with the thadty were recelved by the trustees. See related party transactlons note for other remuneratlon. Durlng the year £NII was relmbursed to Trustees for expensts relatlng to trnvel, accommodats and subslstence. 11. D•btor• 2024 Other debtors 12. Cr•dl¢or•: amount• f•illng du• wlthln on• y••r 2024 AccrLFals and delerred Income io-
C3 Newcastle Notes to the Financial Statements (continued) Perfod ended 31 March 2024 13. Analys1¥ of charltable funds Vnrutrf¢t•d funds Atio February 2023 At 31 March 2024 Income Expendliure Transfer General funds Purpose of unreJtrlct•d fund General funds The'free reserves, of the charlty 14. Analy•ls of n•t ••sets b•tweon fvnd Unrestrlcted Funds Total Fund• 2024 Current assets cdItorS less than l year Net a*Mt• 62,230 62,230 15. R•lat•d party tr•n•artlon• Trustees have prlvately glfted funds to the of £18,281 durtng the pedod. A famlly member of a Trustee Is employ&Y by the Charlty and has recelved remuneratlon of £13,065. li-