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2022-03-31-accounts

NORTHGATE CHURCH TRUST

REPORTS & FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2022

Registered Charity No 518346

NORTHGATE CHURCH TRUST

Page 1

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

CONTENTS Page
Charity information 2
Report of Trustees 3-5
Independent Examiner's Report 6
Statement of financial activities 7
Balance sheet 8
Funds statement 9
Accounting policies 10 - 11
Notes to the financial statements 12 - 17

NORTHGATE CHURCH TRUST

Page 2

CHARITY LEGAL & ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31ST MARCH 2022

Charity Number 518346
Governing Instrument Declaration of Trust ( Amended)
29th July 1976 (28th November 1986)
Trustees Ben Rajipandian Chairman - Resigned 25th October 2021
Gerald Sidery Treasurer
Dave Hopper Secretary
Joe Bullen Resigned 13th March 2022
Rachel Gray
Richard Nutt Chairman from 25th October 2021
David Davies
Joanna Nutt Appointed 5th November 2021
Elders & Leaders Gerald Sidery
Lin Sidery
Jenni Ogden
Joe Bullen
Principal Address Northgate Church
Upper Northagte Street
Chester
CH1 4EF
Bankers National Westminster Bank plc
Chester Branch
Independent Examiner Bayliss Baines Limited
Chartered Certified Accountants
1st Floor
29 Chester Street
Wrexham LL13 8BG

NORTHGATE CHURCH TRUST

Page 3

TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2022

The Trustees submit their annual report and the financial statements for the year ended 31st March 2022. The Trustees have adopted the provisions of the Statement of Recommended Practice "Accounting and Reporting by Charities": preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS102) issued on the 16 July 2014 and with the Charities Act 2011.

The Trustees have complied with the duty in the Charities Act 2011 to have due regard to (public interest) guidance published by the Charity Commission.

Purpose of the charity as laid down by the Trust Deed

The objects of the charity, as stated in its declarations of trust dated 29th July 1976 (amended 28th November 1986):

The activities undertaken by the Church to further its charitable activities for public benefit during the year:

The charity has achieved:

Financial Review

The Charity's income increased from £190,127 to £191,376. The increase was primarily due to a restoring of hall hire income post Covid 19 restrictions. The level of core tithe income from members was maintained in the year. The Trust maintained its level of expenditure accordingly. The performance of the charity was consistent with the prior year to end up with a surplus of £20,776.

NORTHGATE CHURCH TRUST

Page 4

TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2022

Investment policy

The charity has adopted a policy of investing in low risk, high return investment account with Kingdom Bank.

Fund raising

The charity relies on voluntary donations from its members for its income. The charity does not employ professional fund raising bodies.

Resources expended and services

Expenditure incurred and services provided were consistent with the prior year.

Changes in fixed assets

There were no additions to fixed assets during the year.

Reserves

The Trustees have reviewed the reserves of the Charity. The review encompasses the nature of the income and expenditure streams and the nature of the reserve. The review concluded that there will be sufficient funds to finance the restricted activities of the Charity. During the year the Reserves of the Charity increased from £486,928 to £507,704.

Volunteers

The charity is grateful for the commitment of its volunteers who are involved in all aspects of the charity's operations.

Plans for the Future

The Trustees and Leadership Team review the strategic plan annually. Currently the key objectives are:

NORTHGATE CHURCH TRUST

Page 5

TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2022

Governance and internal control

The Church activities are led by a leadership team which reports to the Board of Trustees.

Trustees are selected by the other members of the trustee board. New trustees are approached from amongst the church membership. The trustees meet periodically in the year to review strategy, performance, operating plans, budgets and building matters.

Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing those financial statements, the trustees have:

to any material departures disclosed and explained in the financial statements

The trustees have overall responsibility for ensuring that the charity has appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time, the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities and to provide reasonable assurance that:

The systems of internal control are designed to provide reasonable, but not absolute, assurance against material misstatement or loss. They include:

The trustees have reviewed the adequacy of the charity's current internal controls and are pleased to report that the charity's internal financial controls, in particular, conform with guidelines issued by the Charity Commission.

This report was approved by the Board of Trustees on 9th January 2023

Gerald J. Sidery ACA

Page 6

INDEPENDENT REPORT TO THE TRUSTEES OF NORTHGATE CHURCH TRUST

I report to the charity trustees on my examination of the accounts of Northgate Church Trust for the year ended the 31st March 2022.

Responsibilities and basis of report

As the charity trustees of the trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act").

I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have follwed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Where the Charity's gross income exceeds £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm I am a member of the Association of Chartered Certified Accountants.

I have completed my examination. I can confirm that no material 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 Trust as required by section 130 of the Act ; or

(2) the accounts do not accord with those records ; or

(3) 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 the 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.

W Baines, F.C.C.A. Chartered Certified Accountant C/o Bayliss Baines Ltd 29 Chester Street, Wrexham, LL13 8BG

Date : 9th January 2023

NORTHGATE CHURCH TRUST

Page 7

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022

Incomimg Resources
Income from :
Notes
Donations and legacies
2(a)
Charitable activities
2(b)
Investments
2(c)
Total income
Expenditure on :
Raising funds
3(a)
Charitable activities
3(b)
Total expenditure
Net income(expenditure) before investment
gains/(Losses)
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
£
141,628
24,113
903
166,644
-
155,154
155,154
11,490
-
11,490
464,579
476,069		 Restricted
Funds
£
24,732
-
-
24,732
-
15,446
15,446
9,286
-
9,286
22,349
31,635		 TOTAL
2022
£
166,360
24,113
903
191,376
-
170,600
170,600
20,776
-
20,776
486,928
507,704		 TOTAL
2021
£
156,415
31,713
1,999
190,127
-
161,066
161,066
29,061
-
29,061
457,867
486,928

NORTHGATE CHURCH TRUST

Page 8

BALANCE SHEET AS AT 31ST MARCH 2022

Notes
FIXED ASSETS
Tangible Assets
6
CURRENT ASSETS
Debtors and prepayments
7
Cash at Bank and in Hand
Total Current assets
CREDITORS
Amounts falling due within one year
8
Net Current Assets
Total assets less current liabilities
Total net assets
Funds of the Charity :
Restricted income funds
Unrestricted funds
Total funds		 Unrestricted
Funds
£
157,771
2,223
326,803
329,026
10,728
318,298
476,069
476,069
-
476,069
476,069		 Restricted
Funds
£
-
-
31,635
31,635
-
31,635
31,635
31,635
31,635
-
31,635		 TOTAL
2022
£
157,771
2,223
358,438
360,661
10,728
349,933
507,704
507,704
31,635
476,069
507,704		 TOTAL
2021
£
164,362
3,442
327,142
330,584
8,018
322,566
486,928
486,928
22,349
464,579
486,928

Approved by the Trustees on the and signed on its behalf by:

……………………………

9th January 2023

Gerald Sidery (Treasurer)

NORTHGATE CHURCH TRUST FUNDS STATEMENT FOR THE YEAR ENDED 31ST MARCH 2022

Page 9

Net movement in funds
add :
Depreciation
Decrease/(increase) in debtors
Incresae/(decrease) in creditors
Net cash used in operating activities
Tangible fixed assets acquired
Loan repayments
Cash brought forward
Cash carried forward		 2022
2021
£
£
20,776
29,061
6,591
7,462
1,219
(331)
2,710
1,330
31,296
37,522
-
(1,799)
-
-
327,142
291,419
358,438
327,142

NORTHGATE CHURCH TRUST

Page 10

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

1. ACCOUNTING POLICIES

Basis of preparation of accounts

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice : Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the Uk and the Republic of Ireland (FRS102) issued on 16th July 2014 and with the Charities Act 2011.

Going Concern

The trustees review budgets,cashfows and management accounts on a regular basis to assess whether the trust is a going concern.

The accounts are prepared on a going concern basis.

Funds structure

Unrestricted funds represent the funds of the Church that are not subject to any restrictions regarding their use and are available for application on the church activities. Unrestricted funds include designated funds where the trustees, at their discretion, have created a fund for a specific purpose.

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 cost 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.

Income recognition

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,grants and legacies to the Church are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either in control of the charity or have been met.

Rental income from the letting of the church hall and other properties is recognised when the rental is due.

Gift Aid receivable is included in income when there is valid declaration from the donor. Any gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

Income from interest is included in the accounts when receipt is probable and the amount receivable can be measured reliably.

Offsetting

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by FRS102 SORP.

Expenditure recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings.

NORTHGATE CHURCH TRUST

Page 11

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

ACCOUNTING POLICIES CONTINUED

Governance Costs

Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to independent review and legal fees together with an apportionment of overhead and support costs.

Volunteer help and Donated services

Services provided free of charge by volunteers includes working at Church events and maintenance of the church grounds. As it is difficult to reliably measure the time involved these sevices have not been valued and included in the SOFA.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided on all tangible fixed assets calculated to write off the cost less an residual value over their expected useful economic lives as follows:

Assets are capitalised where they can be used for more than one year and cost over £250

Freehold Land and Buildings 2.% Straight line basis
Fixtures & Fittings 20% Straight line basis
Office equipment & computers 25% Straight line basis
Public address equipment 25% Straight line basis

NORTHGATE CHURCH TRUST

Page 12

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

2. INCOMING RESOURCES:
2(a) Donations and legacies :
Donations and gifts
Gift Aid
Offerings
2(b) Charitable activities :
Church hall and house lettings
Sundry Income
2(c) Income from investments
Interest
TOTAL INCOMING RESOURCES		 Unrestricted
General
£
97,605
26,911
7,112
131,628
24,104
9
24,113
903
903
156,644		 Designated
£
10,000
-
-
10,000
-
-
-
-
-
10,000		 Restricted
£
23,734
998
-
24,732
-
-
-
-
-
24,732		 TOTAL
2022
£
131,339
27,909
7,112
166,360
24,104
9
24,113
903
903
191,376		 TOTAL
2021
£
123,721
27,099
5,595
156,415
25,606
6,107
31,713
1,999
1,999
190,127

NORTHGATE CHURCH TRUST

Page 13

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

3. RESOURCES EXPENDED
Unrestricted Designated Restricted TOTAL TOTAL
Fund Funds Funds 2022 2021
£ £ £ £ £
3(a) Raising funds
- - - - -
- - - - -
- - - - -
3(b) Charitable activities
Ministry services 63,479 - - 63,479 45,856
Ministry expenses 11,239 - - 11,239 34,753
Ministry gifts 5,051 9,200 15,446 29,697 11,296
Fund Transfers - - - - -
Outreach, music, & drama - - - - 2,933
Rental property costs 6,290 580 - 6,870 7,008
Administration wages 7,761 - - 7,761 3,187
Administration costs 11,347 - - 11,347 9,434
Property costs -church 33,714 - - 33,714 36,431
Community work projects 1,278 - - 1,278 2,197
Conference,books and training 1,072 - - 1,072 (257)
Children & youth work 2,093 - - 2,093 1,318
Children & youth work - salaries - - - - -
Administration wages -conferences & events - - - - 637
Administration costs - conferences & events - - - - 1,187
Governance costs 2,050 - - 2,050 5,086
- -
145,374 9,780 15,446 170,600 161,066
Total Expenditure 145,374 9,780 15,446 170,600 161,066

NORTHGATE CHURCH TRUST

Page 14

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

4 Statement of funds

General Reserve
Designated funds
Bliss Legacy
Okell Legacy
Smith Legacy
Lorne Street
Redemption Fund
Seed Fund
Family Worker Fund
Tech Development Fund
Innovation Fund
Designated Tithes
Total Unrestricted Funds
Restricted funds
Property Maintenance Funds
Property Maintenance Funds
Short Term Redirected Gifts
Redirected Gifts
Greenway Grocer
CSCW
Destiny School Zambia
Africa Missions
Lisa Richardson
Music Ministry
Passion 2020
Cuppa at the Cross
Lovemore & Caroline
Zambia 2020
Zambia Sports & Kids
Steph Mansfield
Ukraine
Wolverham School Fund
Longer Term Ongoing Funds
Childrens Work
Kidsbank
Mission to India
Outreach Fund
Thailand Ministry
The Barn Fund
Youth & Students
Total restricted funds
Total funds		 At 1st April
2021
£
338,859
20,485
2,000
3,000
7,447
28,000
15,239
3,000
5,975
4,000
36,574
125,720
464,579
2,640
125
-
-
1,272
-
-
500
-
314
275
-
850
551
720
179
850
13
2,979
821
548
5,454
4,258
22,349
486,928		 Income
£
156,644
-
-
-
-
-
-
-
-
-
10,000
10,000
166,644
10,000
2,100
550
-
6,333
-
-
-
-
-
305
-
-
3,299
895
-
-
-
-
-
-
1,250
-
24,732
191,376		 Expenditure
(145,374)
-
-
-
(580)
-
(9,200)
-
-
-
-
(9,780)
(155,154)
-
(2,225)
(550)
-
(6,872)
-
-
-
-
-
-
-
(435)
(4,200)
-
-
-
(13)
-
-
-
(1,084)
(67)
(15,446)
(170,600)		 Transfers
£
(13,485)
-
-
-
1,725
-
9,760
-
-
2,000
-
13,485
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 At 31st March
2022
£
336,644
20,485
2,000
3,000
8,592
28,000
15,799
3,000
5,975
6,000
46,574
139,425
476,069
12,640
-
-
-
733
-
-
500
-
314
580
-
415
(350)
1,615
179
850
-
2,979
821
548
5,620
4,191
31,635
507,704

NORTHGATE CHURCH TRUST

Page 15

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

4 Statement of funds (continued)

Designated funds

Bliss Legacy Unrestricted legacy received Okell Legacy Unrestricted legacy received Smith Legacy Unrestricted legacy received Lorne Street Reparation Fund Reserve for future large reparations Seed Fund Propotion of income set aside for external ministries Family Worker Fund Designated to launch Community Project Redemption Fund Funds set aside following reclaim of offerings Tech Development Fund Funds for future PA & Media upgrades Innovation Fund Funds set aside for future innovative projects Designated tithes Tithes allocated for future larger projects

Restricted funds Property Maintenance Funds General Funds raised for Damp Issues & Roof Short Term Redirected Gifts Redirected Gifts Funds received to redirect to individuals and organisations Destiny School Zambia Funds raised for a School in Zambia Greenway Grocer Local Community Initiative against food poverty Lisa Richardson Overseas Missionary Cuppa at the Cross Local Community Outreach Lovemore & Caroline Overseas Missionary Steph Mansfield Overseas Missionary CSCW Monies raised for Christian Schools work in Chester Music Ministry Fund for Musicians Training Passion 2020 Funds raised for Chester's Passion Play Project Africa Missions Funds raised for Overseas Missions Zambia 2020 Funds raised for Mission Trip to Zambia Zambia Sports & Kids Funds raised for Sports Ministry in Zambia Ukraine Funds raised for Ukrainian mission & relief Wolverham School Fund Funds raised for support for Woolverham school

Longer Term Ongoing Funds Childrens Work To fund a part time children's worker Mission to India To fund ministry into India Outreach Fund To fund special outreach events Thailand Ministry To fund ministry trips into Thailand The Barn Fund To fund assistance to church members in financial crisis Youth & Students To fund the ministry into youth & student work Kidsbank To assist the setting up of a Children's clothing charity

NORTHGATE CHURCH TRUST

Page 16

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

5 Employees Costs
Wages and salaries
Social security costs
Pensions
There were no employees who earned more than £60,000 during the year.
The average number of employees analysed by function was:		 2022
£
69,138
821
1,280
71,239		 2021
£
46,609
-
901
47,510
Furtherance of Charity's objectives
Management and administration of the church
6 FIXED ASSETS
Freehold land
and buildings
£
Cost
As at 1st April 2021
225,833
Additions
-
Disposals
-
As at 31st March 2022
225,833
Depreciation
As at 1st April 2021
68,817
Charge for the Year
3,277
Eliminated on Disposal
-
As at 31st March 2022
72,094
Net Book Value
As at 31st March 2022
153,739
7 Debtors and Prepayments
Income Tax Recoverable
Prepayments and Accrued Income		 Fixtures &
Fittings
£
56,767
-
-
56,767
56,767
-
-
56,767
-		 Office
Equipment
£
32,344
-
-
32,344
32,344
-
-
32,344
-		 Number
3
1
4
P.A
Media
£
63,171
-
-
63,171
55,825
3,314
-
59,139
4,032
2022
£
2,223
-
2,223		 Number
3
1
4
Total
£
378,115
-
-
378,115
213,753
6,591
-
220,344
157,771
2021
£
2,502
940
3,442

NORTHGATE CHURCH TRUST

Page 17

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

8
Creditors : Amounts falling due within one year
Accruals
Other Creditors
9
Fixed Assets
Current Assets
Current Liabilities
Fund Balance
10
Related party transactions and expenses - Trustees
Fees
Gerald Sidery (including Lin Sidery)
Expenses
Traveling and subsistence
Phone and internet expenses
The total donations made by the trustees during the year
11
Governance costs :
Independent examiners fees
Salaries & proportion of overheads
Unrestricted
Funds
329,026
(10,728)
476,069
Number
2022
-
-
-
157,771
£		 Number
2021
-
-
-
s £33,816 (2021 -
£
Restricted
Funds
-
31,635
-
31,635		 2022
2021
£
£
9,143
6,988
1,585
1,030
10,728
8,018
2022
2021
£
£
157,771
164,362
360,661
330,584
(10,728)
(8,018)
507,704
486,928
2022
2021
£
£
43,564
27,300
43,564
27,300
Total
Total
2022
2021
£
£
-
-
-
-
-
-
£21,515)
2022
2021
£
£
2,050
1,620
-
3,466
Total Funds		 2021
£
6,988
1,030
8,018
486,928
wa 2021
£
27,300
27,300
Total
2021
£
-
-
-
2021
£
1,620
3,466