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TRUE JESUS CHURCH NEWCASTLE

Registered charity 1144002 · accounts filings on the Charity Commission register

To advance the gospel of Jesus Christ for the benefit of the public in accordance with the following doctrines: One True God, One True Church, Water Baptism, Receiving the Holy Spirit, Foot Washing, Holy Communion and the Sabbath.

Causes: Religious Activities · website · Get email alerts

Latest income
£636k
Latest spending
£368k
Registered
2011
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted reserves stood at £2,194,092, a significant increase from the previous year's £1,409,142. The trustees report that these funds are held in cash to avoid investment risk and are necessary for the continued maintenance of the church building and future expansion. The charity generated a net income of £267,885 for the year, with total income exceeding total expenditure.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Offerings (87% of income)
“Offerings 427,275 123,999 551,274 423,843 39,443 463,286” — page 14
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Loans to affiliated churches
“Loans to affiliated churches comprise of concessionary loans, of £30,000 (2023: £Nil) to True Jesus Church in Essex, and of £Nil (2023: £30,000) to True Jesus Church in Dublin. The loans were made towards the purchase of new church buildings. The loans are interest free.” — page 16
“Total grants payable were £255,936 (2023: £156,817) of which £130,002 (2023: £128,949) was unrestricted and £125,934 (2023: £27,868) was restricted.” — page 15
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Grants to UKGA and affiliated churches
“Loans to affiliated churches comprise of concessionary loans, of £30,000 (2023: £Nil) to True Jesus Church in Essex, and of £Nil (2023: £30,000) to True Jesus Church in Dublin. The loans were made towards the purchase of new church buildings. The loans are interest free.” — page 16
“Total grants payable were £255,936 (2023: £156,817) of which £130,002 (2023: £128,949) was unrestricted and £125,934 (2023: £27,868) was restricted.” — page 15
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£636k
Total spending
£368k
Reserves (reported)
£0
Employees
0

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (87% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Newcastle Upon Tyne City

Income and spending

Financial year endIncomeSpending
31/12/2024£636k£368k
31/12/2023£465k£265k
31/12/2022£447k£232k
31/12/2021£414k£213k
31/12/2020£410k£245k

Common questions

Is TRUE JESUS CHURCH NEWCASTLE financially healthy?

Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £2,194,092, a significant increase from the previous year's £1,409,142. The trustees report that these funds are held in cash to avoid investment risk and are necessary for the continued maintenance of the church building and future expansion. The charity generated a net income of £267,885 for the year, with total income exceeding total expenditure. Its FY2024 accounts were independently examined.