Grace Church Gateshead
The Trustees have had regard to the guidance issued by the Charity Commission on public benefit. The main activities that the charity has undertaken for the public benefit are: weekly public Christian worship services which include Bible teaching and singing. Additionally, since refurbishing the Grove Chapel building in Bensham we have held a number of family-friendly community welcome mornings.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net surplus of £1,881 for the year ended 31 December 2024, with total income of £86,889 and expenditure of £85,008. Per the trustees' report, unrestricted reserves stood at £39,767, which is above the stated policy target of £37,700 (equivalent to six months of operating expenses). The charity maintains a cash balance of £39,767 and holds significant assets retained for its own use, including land and buildings valued at £461,621.
What the accounts disclose
“We aim to hold 6 months of operating expenses in reserve, for crisis and contingencies, which currently equates to £37,700.” — page 4
“One of the employees is Dan Martin, a trustee, to whom the employment costs above refer. The payments were made to Dan in respect of his role as Pastor, not trustee, and are permitted by the governing documents.” — page 8
“One of the employees is Dan Martin, a trustee, to whom the employment costs above refer. The payments were made to Dan in respect of his role as Pastor, not trustee, and are permitted by the governing documents. Other than direct reimbursements of expenses made on behalf of the charity, no other amounts were paid or are payable to any trustee or to any person connected to them.” — page 8
Trustees
- DANIEL THEODORE CRAIG MARTINchair
- DAVID HEWER
- Jonathan Merton
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £87k | £85k |
| 31/12/2023 | £81k | £91k |
| 31/12/2022 | £74k | £51k |
| 31/12/2021 | £51k | £47k |
| 31/12/2020 | £48k | £41k |
Common questions
Is Grace Church Gateshead financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net surplus of £1,881 for the year ended 31 December 2024, with total income of £86,889 and expenditure of £85,008. Per the trustees' report, unrestricted reserves stood at £39,767, which is above the stated policy target of £37,700 (equivalent to six months of operating expenses). The charity maintains a cash balance of £39,767 and holds significant assets retained for its own use, including land and buildings valued at £461,621. Its FY2024 accounts were independently examined.