NORTHGATE CHURCH TRUST REPORTS & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Registered Charity No 518346
NORTHGATE CHURCH TRUST Page I FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 CONTEWS Pa Charity information Report ofTrustees Independent Examiner's Report Statement of financial activities Balance sheet Funds statement Accounting policies io-ii Notes to the financial statements 12-17
NORTHGATE CHURCH TRUST Page 2 CHARITY LEGAL & ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31ST MARCH 2024 Charity Number 518346 Governing Instrument Declaration of Trust l Amended) 128th November 19861 29th July 1976 Trustees Richard Nutt Chair Gerald Sidery Dave Hopper David Davies Treasurer Secretary Rachel Gray Joanna Nutt Resigned 24th April 2023 Resigned 24th April 2023 Appointed 22nd April 2024 Nick Pengelly Elders & Leader5 Gerald Sidery Lin Sidery Nick Pengelly Sue Pengelly Jenni Ogden Joe Bullen Principal Address North8ate Church Upper Northagte Street Chester CHI 4EF Bankers National Westminster Bank plc Chester Branch Independent Examiner Bruce Roberts & Co Limited Chartered Accountants Unit 10, Edison Court. Ellice Way. Wrexham LL13 7YT
NORTHGATE CHURCH TRUST Page 3 TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2024 The Trustees submlt their annual report and the financial statements for the year ended 31st March 2024. 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 Sreland IFRS1021 issued on the 16 July 2014 and with the Charitie5 Art 2011. The Trustees have complied with the duty in the Charities Act 2011 to have due regard to Ipublic 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 19861,, - The advancement of the Christian faith and the worship of God The relief of persons who are in conditions of need, hardship tsr distress. or who are aged and sick . The advancement of education on the basis of Christian principles. The activities undertaken by the Church to further its charitable activities for public benefit during the year: Conducting meetings Running Community Projects Organising activities and groups Working closely with other Christian organisations. Working with Asylum Seekers and Refugees- principally from Iran. Extending the work with the African Community and University Community. The charity has achieved: Maintaining the church membership Continued 5UPPOrt to projetts for the advancement and education of the Christian faith Maintaining the charity's a55ets and income. Fin3n¢Tal Review The Charity's income increased from £220,775 to E285,533. The increase was primarily due to receipts of grants and special offerings received in the year to renovate the Church Back Hall roof. The level of core tithe income from members was maintained in the year. The Trust maintained its level of expenditure accordingly. The restoration of the church roof cost £90,112. This was covered by grants and donations raised. The performance of the charity was consistent with the prior year to end up with a decrease of £15.489.
NORTHGATE CHURCH TRUST Page 4 TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2024 Investment policy The charity has adopted a policy of investing in low risk. high return investment account with Kingdom Bank. Fund ralsing 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 seNices provided were consistent with the prior year. Changes in fixed assets The additions to fixed assets were a new scaffolding tower, new tables and an interpretation 5y5tem for our Iranian Ministry. Reserves The Trustees have reviewed the reserves of the Charity. The review entompasses the nature of the income and expenditure streams and the nature of the reseNe. The review concluded that there will be sufficient funds to finance the restricted activities of the Charity. During the year the ReseNes ot the Charity decreased from £493,354 to £477.865. 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.. To reach and help the spiritually and socially needy in the Chester community. To develop and disciple those Christians currently within the Northgate Church membership. To maximise the use of our facility and to draw up development plans that will enable u5 to plan for the next 10 vears. - To look at ways of increasing our resources to fund the extension of the ministry base at the church.
NORTHGATE CHURCH TRUST Page S TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2024 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, budRets and buildin 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: selected suitable accounting policies and applied them consistently,. made judgements and estimates that are reasonable and prudent; prepared the financial statements on a going concern basis stated whether applicable accounting standards have been followed subject to any material departure5 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 disc105e 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 charity is operating efficiently and effectively; its assets are safeguarded against unauthorised use or disposition; proper records are maintained and financial information used within the charity or for publication is reliable; the charity complies with relevant laws and regulation5. The systems of internal control are designed to provide reasonable. but not absolute. assurance against material misstatement or Ioss. They include.. A strategic plan and an annual budget approved by the trustees Regular consideration by the trustees of financial results and variance from budgets. Delegation of authority and segregation of duties. Identification and management of risk. The trustees have reviewed the adequacy of the charity's current internal controls and are pleased to report that the charitv's internal financial controls, in particular, conform with guidelines issued by the Charity Commission. This report was approved by the Board ofTrustees on 13 January 2025 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 2024. Responsibilities and basi5 Qf report As the charity trustees of the trust you are resporisible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111"the Act"). I report in respect of my examination of the Trust'5 accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have follwed all the applicable Dirertions given by the Charity Commission under section 14515llbl 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 l am a member ofthe As50Ci3tion 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.. 111 accounting records were not kept in respect of the Trust as required by section 130 of the Act . or 121 the accounts do not accord with those records ,' or 131 the accounts have not been prepared in accordante with the methods and principles of the Statement of Recommended Prartice 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 IFRS 1021. I have no concerns and have come across no other matters in connertion 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. Bruce Roberts FCA Chartered Accountant Clo Brute Roberts & Co Ltd Unit 10, Edison Court. Ellice Way. Wrexham LL13 Date '. 12th January 2025
NORTHGATE CHURCH TRUST Page 7 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024 Incornimg Resources Income from . Unrestricted Funds Restricted Funds TOTAL 2024 TOTAL 2023 Notes Donations and legacies Charitable activitie5 Investments 21al 21bl 21cl 148,755 32,056 6,132 98,590 247,345 32,056 6,132 173,610 45,203 1,962 Total income 186,943 98,590 285,533 220,775 Expenditure on Raising funds Charitable activities 31a} 31bl 183,482 117,540 301,022 235,125 Total expenditure 183,482 117,540 301,022 235,125 Net Incomelexpenditure) before investment gainsl{Losses) Transfers between funds 3A61 118,950) 115,4891 114,3501 (14,0451 14,045 Net movement in funds (10,584) {4,905) (15,489) 114,3501 Reconciliation of funds Total funds brought foNard 462,020 31,334 493,354 507,704 Total funds carrled forward 451,436 26,429 477,865 493,354
NORTHGATE CHURCH TRUST Page 8 BALANCE SHEET AS AT 31ST MARCH 2024 Unrestrirted Funds Restricted Fund5 TOTAL 2024 TOTAL 2023 Notes FIXED ASSETS Tangible Assets 163,365 163,365 168,966 CURRENT ASSETS Debtors and prepayments Cash at Bank and in Hand 32,810 2fA,475 32.810 290,904 20,108 313,432 26,429 Total Current assets 297,285 26,429 323,714 333,540 CREDITORS Amounts falling due within one year 9,214 9,214 9,152 Net Current Assets 288,071 26.429 314,500 324,388 Total a55ets less current liabilities 451,436 26.429 477,865 493,354 Total net assets 451,436 26,429 477,865 493,354 Funds of the Charity: Restricted income funds Unrestricted funds 26,429 26,429 451,436 31,334 462,020 451,436 Total funds 451,436 26,429 477,865 493,354 Approved by the Trustees on the and signed on its behalf by.. Gerald Sidery (Treasurer) Dated.'13 January 2025
NORTHGATE CHURCH TRUST FUNDS STATEMENT FOR THE YEAR ENDED 31ST MARCH 2024 Page 9 2024 2023 Net movement in funds 115,489) 114,3501 add Depreciation 8,816 10,887 Decrease/lincreasel in debtors (12.702) {17,8851 Incresaelldecrease) in creditors 62 11,5761 Net cash used in operating activities 119,313) 122,9241 Tangible fixed assets acquired (3,215) 122,0821 Loan repayments Cash brought forward 313,432 358.438 Cash carried forward 290,904 313.432
NORTHGATE CHURCH TRUST Page 10 NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 I. ACCOUNTING POLICIES Basis of preparatlon of accounts These account5 have been prepared under the historical cost convention wth Items recognised at cost or transaction walue unless otherwise stated in the relevant notelsl to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practlce .' Accounting and Reporting by Charities preparing their accounts in accordance with the Financial ReportSng Standard applicable Sn the Uk and the Republic of Ireland IFRS1021 issued on 16th July 2014 and with the Charities Act 2011. Golng Contern The trustee5 review budgets, cashfows and management accounts on a regular basi5 to assess whether the trust Is a going concern. The accounts are prepared on a going concern basis. Funds structure Unrestricted fund5 represent the funds of the Church that are not subject to any restrictions regarding their use 3nd are available for application on the church activlties. Unrestricted fvnds include designated funds where the trustees, at their discretion, have created a fund for a specific purpose. Restricted funds are funds which are to bè used in accordance with specific restrictions imposed by donors or which have been ralsed by the charity for particular purposes. The cost of Taising and administering such funds are charged against the specific fund. The aim and use of eath restricted fund is set out in the note5 to the financial statements. Income recognltlon All incomÈ is recognised once the charity has entidement to the income. It Is probable that the Income will be recelved and the amount of income recelvable can be measured reliablv. Donations,grants and legacies to the Church are included in the SOFA when receipt is probable, that Is, when there has been Erant of probate, the èxecutors have established that there are sufficient assets in the estate and any conditlons attached to the leEacy are either in control of the charity or have been met. Rental incorne from the letknng of the church hall and other properties is COgnised when the rental Is due. Gift Ald receivable 15 included in income when there is valid declaration from the donor. Any gift Aid amount rècovered on a donation Is considered to be part of that gift and is treated as an addition to the same fund as the initlal donation unle55 the donor or the terms of the appeal have specified otherwlse. Income from Interest is included In the accounts when receipt is probable and the amount receivable can be measured reliablv. Offsetting There has been no offsetting of assets and Ilabilitie5, or income and expenses, unless required or permitted by FR5102 SORP. Expenditure retognltlon Liabllities are Tecognised as expenditure as soon as there is a legal or constructive obliÈation committing the charity to that expendlture, it is probable that settlement will be required and the amount of thè obligation can be measured reliably. A15 expenditure 15 accounted for on an accruals basis. All expenses induding support costs and governance costs are allocated or apportioned to the appllc3ble expenditure headings.
NORTHGATE CHURCH TRUST PaÈe 11 NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUNTING POLICIES CONTINUED Governance Costs Governance costs comprlse all costs involvlng the publSc accountability of the charlty and its cornpliance wlth regulatlon and good practlce. These costs Include costs related to independent revlew and legal fee5 tORether with an apportionment of overhead and support Costs. Volunteer help and Donated servlces Servlces provlded free of charge by volunteers includes working at Church events and rnallltenance of the church grounds. As It Is difficult to re113bly measure the tlme involved these sevlces have not bEen Valued and included in the 50FA. Tangible flxed as5et5 and depreclatSon T3nglble flxed asset5 are stated at cost les5 dep¢18t10n. Depreclatlon Is provlded on all tarsglble fixed assetscalculated to Vfftte off the cost less an resldual Wdlue over thelr expected useful economlc lives as follows.. Assets are capltallsed where they can be used for MO than one year and cost over £250 Freehold Land and Buildln8S Fixture5 & Fittin8S Straight line basls Straight line basls Strai8ht Ilne basls Stralght line ba5[5 Offlce equlprnent & computers Publlc addre55 equlpment 25% 20%
NORTHGATE CHURCH TRUST Page 12 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 2. INCOMING RESOURCES: Unrestrirted General Deslgnated Restricted TOTAL 2024 TOTAL 2023 21al Donatlons and legatles: Donations and gifts Gift Ald Grants Received 121,634 26.421 560 140 98,590 220,784 26,561 148,721 24,889 148,055 700 Y8,590 247,345 173,610 21bl Charftable actÉvltles . Church hall and house letting5 Sundry Income 31.769 287 31,769 287 43,891 1,312 32,056 32.056 45.203 2{cl Income from Investments Interest 6,132 6,132 1,962 6.132 6,132 1,962 TOTAL INCOMING RESOURCES 186,243 700 98.590 285,533 220,775
NORTHGATE CHURCH TRUST Page 13 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 3. RESOURCES EXPENDED Unrestricted Fund Designated Funds Re5trÉcted Funds TOTAL Z024 TOTAL 2023 3(oJ Raisingffunds 31b) Churltoble ortivities Ministry services Ministry expenses Ministry gifts Outreach, music, & drama Rental property Costs Administration wages Administration casts Property costs-church Community work projects Conference,books and training Chlldren & youth work Governance costs 71,167 6,277 4,840 3,953 10.666 15.714 20.427 32,366 3,267 71.167 6,277 41.611 6.015 10,666 15,714 20,427 122,478 3,267 63 68,926 6,501 44,389 2,764 14,120 11,546 25,319 51,319 2,270 2,406 9,343 2,062 27,428 90.112 I'-I:, 1,667 1,670 1.667 1.670 3,915 1,650 172,077 11.405 117.540 301,022 235,125 Total Expenditure 172.077 11,405 117,540 301,022 235,125
NORTHGATE CHURCH TRUST Page 14 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Statement of funds At 1st April 2023 At 31st March 2024 Income Expenditure Transfers General Reserve 349,802 186,243 1172,0771 115,4111 348,557 Designated fund5 Bliss Legacy Okell Legacv Smith Legacy Lorne Street Redemption Fund Seed Fund Family Worker Fund Tech Development Fund Innovation Fund Designated Tithes 20,245 2,000 3.000 6,423 28,000 14,892 20,245 2.000 3,000 8,802 13,955 17,281 3,000 3,913 10,000 20,683 2,379 114,0451 11,032 7(M) 19,3431 5.975 8.000 20,683 12,0621 2,000 112,218 700 111,4051 1,366 102,879 Total Unrestricted Funds 462,020 186,943 1183,4821 114,0451 451,436 Restrlrted funds Property Maintenance Funds Property Maintenance Funds Short Term Redirected Gifts Redirected Gifts Destiny School Zambia Greenway Grocer Iranian Family Fund Sanctuary Seeker Fund Music Ministry Cuppa at the Cross Lovemore & Caroline Mlcro Loan Property Roof Fund Zambia Sports & Kids Steph Mansfield Ukraine Wolverham School Fund 11,0001 15.4861 1,168 125 1,144 3.616 5,482 1,164 125 1,055 7,383 33 11.209 11221 17,4421 314 302 13141 240 4,300 66.117 542 300 14,0001 190,1121 9,950 515 14,045 515 1,542 7,221 188 14,7711 1188} 3,992 LongerTerm Ongoing Funds Childrens Work Mission to India Outreach Fund Overseas Mission The Barn Fund Youth & Students Total restricted funds 850 2,979 850 2,979 236 4,450 4,143 31,334 236 3,395 3,893 26,429 2,8 13,8551 12501 1117,5401 98,590 14,045 Total funds 493,354 285,533 1301,0221 477,865
NORTHGATE CHURCH TRUST Page 15 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Statement of funds {continued) Designated funds Bliss Legacy Okell Legacy Smith Legacy Lorne Street Reparation Fund Seed Fund Family Worker Fund Redemption Fund Tech Development Fund Innovation Fund Designated tithes Unrestritted legacy received Unrestricted legacy received Unrestricted legacy received ReseNe for future large reparations Propotion of income set aside for external ministries Designated to launch Community Project Funds set aside following reclaim of offerings Funds forfuture PA & Media upgrades Fund5 set aside for future innovative projects rithe5 allocated for future larger projects Restrirted funds Property Maintenance Funds General Funds raised for Damp Issues & Roof Short Term Redirected Gifts Redirected Gifts Destiny School Zambia Greenway Grocer Cuppa at the Cr055 Iranian Family Fund Lovemore & Caroline Steph Mansf ield Kaveh & Negin Refu8ee Fund Music Ministry Africa Missions Zambia Sports & Kids Ukraine Wolverham School Fund Property Roof Fund Funds received to redirect to individuals and organisations Funds raised for a School in Zambia Local Community Initiative against food poverty Local Community Outreach Supporting Refugee Familie5 Overseas Missionary Overseas Missionary Funds raised for Sanctuary Seeker Family Fund for Musician5 Training Funds raised for Overseas Mission5 Funds raised for Sports Ministry in Zambia Funds raised for Ukrair¢ian mission & relief Funds raised for support for Woolverham school Funds Raised to repair Back Hall Roof Longer Term Ongoing Funds Childrens Work Mission to Indio Outreach Fund Overseas Mission Fund Sanctuary Seeker Fund The Barn Fund Youth & Students To fund a part time children's worker To fund ministry into India To fund special outreach events To fund overseas ministry trips To fund the work forAsylum Seekers in UK To fund assistance to church members in financial crisis To fund the ministry intoyouth & student work
NORTHGATE CHURCH TRUST Page 16 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 5 Employees Costs 2024 2023 Wages and salaries Social security costs Pensions 83,605 1,516 1,760 77.763 1,140 1,578 86,881 80,481 There were no employees who earned more than £60,000 during the year. The average number of employees analysed byfunction was= Number Number Furtherance of Charity's objectives Management and administration of the church 6 FIXED ASSETS Freehold land and buildings Fixtures & Fittings oITice Equipment Media & IT Total Cost As at 1st April 2023 Additions Disposals 225,833 76,398 2,445 32,344 65,622 770 400.197 3,215 As at 31st March 2024 225,833 78,843 32,344 66,392 403,412 Depreciation As at 1st April 2023 Charge for the Year Eliminated on Disposal 75,371 3,277 60,693 4,416 32,344 62,823 1,123 231,231 8,816 As at 31st March 2024 78,648 65,109 32,344 63,946 240,047 Net Book Value As at 31st March 2024 147,185 13,734 2,446 163,365 7 Debtors and Prepayments 2024 2023 Income Tax Recoverable Prepayments and Accrued Income 31,439 1,371 11,890 8,218 32.810 20,108
NORTHGATE CHURCH TRUST Page 17 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 2024 2023 Creditors '. Amounts falling due within one yeaf Trade Creditors Accruals Other Creditors 729 5,468 3,017 3,869 5,283 9,214 9,152 UDrestricted Funds Restricted Funds Total Funds 2024 2023 Fixed Assets Current Assets Current Liabilitie5 163,365 297,285 (9,214) 163,365 323,714 19,2141 157,771 360,661 110,7281 26,429 Fund Balance 451,436 26A29 477,865 507,704 10 Related party transactions and expenses- Trustees 2024 2023 Fees Gerald Sidery (including Lin Sidery} 52,380 49,650 52,380 49,650 Number 2024 Number 2023 Total 2024 Total 2023 Expenses Traveling and subsistence Phone and internet expenses The total donations made by the trustees during the year was £20.768 12023 - £19,256) 11 Governance costs . 2024 2023 Independent examiner5 fees Salaries & proportion of overheads 1,670 1,650