Ch8rity registrationnutllF£T.' 1131093 Morpeth Parochial Church Council forthe Year End¢d 31 DE￿1￿2023 Wellw Accounta￿ Limited BOT￿8￿ Hall Wellw Moryrth NorthumEerlattd NE61 IBN Morpeth Parochial Church CO￿￿clI Contents {continuedl Rrf¢r￿ Bnd A(knini5tr&iv¢ D¢tsils Trust¢¢l R¢ptsrt 2105 Statemetttof T[￿%tees. Rtsw>tisibi]iti INlep¢thit ExbYoin*$ R¢prt Statanent of FI¥￿￿¢1aj Adivitics 8109 Baknce Sl*ei io Notes to theFin8n¢ial Statenienls llto23 Morpeth Paroehial Church Couneil Referen¢¢ and Admini8trntive DetaiL4 Cb*rity R¢gi8trAthn NMmb¢r 1131093 Princlpal Offite fory*th Parish Offiit St Aidan% Clllwch Shi¢l¢ts Road NorthwDb¢rltyl NE612SA Amditor W¢llwMs Act¥JUDtsDts LtrDit¢d BOri￿ghHall Wellw4 MorFth NortbutntrKrfaDd 61 IBN Morpeth P¥4rochial Church Couneil Trustees, RepDrt The trustees the anttual re￿t ts)gether with Ibe finatici￿ stathiettts of Ihe chftrtty forthe year etsl¢d 31 De1￿mber 2(J23. Alms purpose¥ Morpeth Parochial Church Council {Morp¢tli PCQ has ￿ rspoD5ibiJity of co-operatjllg the incumbent th¢ Rev. Simonl¥Trite. in prott)Olillg iti tr* ecclesi&8ticai parishthe w]MJle mission of the thurc4 portorÈL evattge]i#i¢, w¢iai aTMi ¢¢u]n¢￿1￿. It akn h45thE tllailltenaDG¢ r¢swn517>l1 i¢1¢5 for th¢ th￿¢ loca] Ghurth¢s of $th￿y, St Jamcs aDd StAidan tog¢th¢rHryth th¢ pr¢miw at7 MwJL¢hern Strt£L Objéctives 8ndA¢tiviti¢$ The Parishbas been a cetttre ofwotship service to the commtittity ofmortth forovEt 8fy1 >F8rs. Our objective 1$ to br a w(Y5hipping and pra).1r￿ coujmulliry, wljith 15 oFKn ¢otlK ￿j￿r of a#iv6 itl Christian vir¢ and r¢ady to reach out ID fellowsbip io enabk pJpkl0 re5p)ndto W so that wee4n a)ntittue Christ'8 work in the worl(L Achievements and perfornianee 'orsbip prAytr Th¢ PCC is k¢¢n to off¢r y4rw￿¢ of servi￿S WE¢k gndov¢r thc ¢xN]ts¢ ofthe y¢8fth&t our corLmunity fjnd i¥)th b¢nefJcial and spiriDJaJly fijlfilling. FOT &xampk. ¢%￿1n8 prayus pt0￿de a quieL in1tti1a￿ and retlccliie envimnmellt forworship. thljile oMK>rthitiÈs att provided forswle to thga8e in rnoteourgoiDg wo]ship in 4 Y#Tiety of stvks swh qs ow Holy coTDmUll[o￿ Simpfv Worship. Servic¢ of the Word. Ev¢nsong andTeaTime servA¢es. All aTC welc0￿c to atte1￿ our reguiBr servitxs. Arwe￿￿1 there sre 211 p8ri5hlot￿TSOn the church eleLtoraJ roll. No n&nes were added during the )'earand 7 w¢r¢ removed eitber througb (kath Or1￿￿llse tbei. JI￿Ve￿ away from the pÈttsb. As w¢ll w our r¢gu]ar Servic￿ we eoabk ourLy)mmunity to (%lcbrat6 ￿N1thank CM)d ar1h¢ milcslonc3ofth¢ journey thrivjgh life. l]Jrough baptisttt ￿ thanL God fortr£ of Jife" ill tiJaniag4 public vows Éte excbwed with God's blegsing" throllEb funeral seThiees frietids ftitllijj ewei5 &ir grief and give thajhks for th¢ life that is now Lywlth inthis worl& Bnd th¢ F¢rson in￿GOd'S keq)illg. De#D¢ry Sypod Thr¢¢ tn¢mb¢rs of the PCC 5lt on the Iknry SYMXL This FmVi(k5 thePCC With an imFOrtant ]ink between Th¢ Cburch¢5 The ¢haIlcng¢ of thB Cl￿ of hit U5 harf as Ithas fDt eVery0ts2. The Parish has pujicd togethet by donating additional Fund5 to counw ￿effec£ but also Pllrishiot￿ h&N'e W￿rked to suppwtcost reduction by Thi5 has t￿1 b¢en klped bj. th¢ h¢atll￿ systems in all properties requir1￿0 major¥epair work rn 8dditioTh to our gularmaintenauce PlOErarntlle. Work contittues io teduct e]w tosts •d iwye heotillg 5ySteEts whitst irtg mi]thl of sustainability. Tn addition to Ix)iler work BTdtheongotDg serviciDB a￿￿￿l￿ten￿(cWL￿I there i8 a progratDme of works for eachpr4¥ety using the QU[nqueno￿ rq￿rtS a5 9 gui Morpeth Parochial Cburcb Couneil Truste￿, Report (continued) Th¢ St Mary's thurthproBrxmtt)e tsf x4)tk is the IW atpJt*Dt with Wo￿On ¢k¢tric4 communication and dttoratson bcin8 key. Parishioners work ard sutwi itl Tgi5ing fwbds pBrfortllall￿ in thutd4 raffles etc. 8Th1 the nurnerou5 applKations for 8ftnt flltsling (Jjjatty of s¥bich have t*eo Succ￿5fUll has Et¢n fantasEic. Ongoing ¥wrk orLthe Watchman's in the churchyard rontinues despite the acts olvtndaiis whi¢b have tstroyed repairs I￿ade by thePCC and Parisbi0￿ At St James. Ch￿ch. work continues to upth¢dwrthwtth gts55 ¢J(K>ts U5iDg a le8a¢y attd dtitttiti￿. Roof T¢pairs have also bÈeTr ¢t￿npleted. At StAidan's Chu￿￿ &corAtionwork h&8 uDd¢tkn followiDg waler i[w￿. At 7 MaKhe5￿ Street work to rerAll guttenng was s¥hich had taused wster itiEress. TheParisb ¢otitinu¢s ID prow$ tbe develoExneot a￿A ￿ for its ptOFttty. PoJtorv41 Ca Some nettxbers of out parish unabte to att¢Dd d￿t0 $ithKssoT w. Suth ttwbets who IMv¢ r¢qLk3t¢d it ar¢ Trisit¢d lo cekbrate u)mmurtion with them either attheirknrttts or in hospital. Ther¢ is a Yots of Yoluoteers try visit 8ll who are sick or ￿ab￿ to &*tO￿fOr 8tty re&4M4 to keep them irt thuch wilb lif¢. Mis$ioD Nnd Ev•ng¢liJm The P8rish Continu￿ throUgh￿t the v¢BJtD d¢Y¢lop its outwprd Iwking fgcw 3JMI kn ibvebt itithe tnmunity. Ibe P¥ithkn a mission action pkn to help(kn parish grom￿ inmission and ¢v8ngelistn. Thi5 plan has h¢lkYd th¢ parish to sttk io d¢v¢lopa]l its cbwdhes ittto sxrtd ard commutiity sws attd to continue to 5fTYe thewidcr comtttunÉty. Aspart of Ibis the P￿ish to progT¢55the d¢v¢lopttEDt Èttd uses foT its PTOTKrty at 7 Mancheskr Street. He]piog th08e in t￿ed is ade￿￿￿10n of ow faith. The PCC hxs doDJtrd£131K) to sw)]K>tl the Must8rdTrec rrust and provide blbles to leavets at m￿￿thA]I Saints C of EAiikd Firsr Sthotbl. p￿]sh1onerS nised £1097 for the DEC FJnhquakc Aprd Contad.Uor]*tlL Watsslttk Vauo. Foodbaok at￿ Parts￿[S in C4)mmuDityActionApE¢a] charttie& ITh ddttiotL pari%hion¢T I vohmr¢¢rsaT¢ tobe ¢Dtt8rnrula*d on their futhi3inga(Éivitieg raisillE att addiÈion81 £1￿ for th¢ Mxmi118ll and Marie OJri¢ chariti The PEwish Ma8azllK hLg E￿¢ll iciti5t8t¢d thisyvdr wÈth the fThncial 5UPtort of th¢ WdliaTll Le¢thCharity. Its firsE publicltton was prnducal in Novallber aNI is avaiiabk to all. [( will keep our ￿ls￿l0DerS inforJn¢J of matters Effecting our d)urch wider (%)mmunity andhelp dEvelop ourknowie4*e alld Ift￿ in JcsuB. It i% Also kn SI￿¢ euga8e with the witswmmunity. Th¢ Parish contillues towtsrk dosety olher ittthc town aDd cstttially for joitrtevellts at Chri8t]na8 atsd E&%ter. Su8l*inMbility In supp)rl of the Church of En812nd's awroachto Cllmarectw￿G the PCC d¢£i(kd ty offsrt cart%)ll ¢IDi5sions from ¢[￿rgY we in tlt PaTisb buildings. trdv¢I and ottKt associated emi5si0ll5. A project suptN)rtu]g cookstoves inNjgeriaw￿ choseL gt¢atty" redute fv #tDOUtktof Wt{￿XI Ixjm sttd therefore carbon ¢mis5ion4 iTnprQ￿ living ronditio￿5 fortbe local Total T¢c¢ipts on unr¢5tr5Oed fund$ were £131.491. of wbich £99.6￿ w&% unre5trict¢d TroluDtary IlotwbOnÉ, furthcr£21,546 fn)m GiftAi(Q £8.333 W¢T¢ PawhI￿ fe￿ attdlovesulleot tncomeof £1,992. Morpeth Parochial Church Coullril Trustees, Report (continued) R¢strict¢d dDnstions of £49,731 VdUE also receivedand (k¢ail¢d iDth¢ fiDaDcisl st*ments of which £48.681 voluotary donatioL% and £l.trIO was from GiftAi Th¢ plann¢d giving throughu* of the'Patisb Gii"D)g ScheD)e' aThl STatMiu¥ orders ￿C[BaSed (o our Patishiontrs r&wonding so ￿P[￿rtr¥¢￿ w th¢"G¢wousJthJe" futsdraising campai8D and additsonally don&tiOn5 W¢T¢ rn#de tow￿d$ out eye wateiitig er*w cosrs. Thank5 gikesto our Parishioners and lo the MinistryTeam and Finance for #U their towards ow-GenewO￿june" carapaign aTLd to all for their 6UPPOrt aud pray¢T5. 11 $I￿Uld be remeM￿red￿&t giving doei TLOt bavekn be filW￿la1. Patishioners, gifts of tim¢ arLd ¢8knts 9￿JuSt Js ffijlly apweciated. This V¢3T w¢r¢ abk to py our PdTithStw¢ of £70,(KX), bas be¢Tr tectivcd wcll. This is for Christian Ministy atld largely provid¢$ the Sti￿ and housujgfor cJeTgy. for training foT our clergy of tomorrow. The that Cb￿¢￿£5 in ¢k ¢katKry tsNv¢ to filld i$ sb8red ￿tween the dwrths according to foTnittl&that is l>ased maittiv ott ahead WUDt of tr c4)DgT¢Wiw￿ For fidl detsi]s re Phrish Share please 8ee the ex*llent Diocesaft (k)cum¢ni onJir£. The net result for the ycar was asmail cxccss of pa>inents oirrrec¢iptsof £28 on Unlestr￿ted fim¢tk Adding bank andthe detx)sit baJarK¢ brought forwaTd at thp I￿g￿l0￿￿Of the Je8r. thc bal8JK¢ cwri¢d forward ￿ 31 Ikc¢ml*t on UttTestricted totslled £19.765. Struttutt. Govtrnantt and MaDagt]n¢n¢ The Parochial Church Coutteil 18 a corrx)rat¢ W ¢&ablisld by ts Church w F￿glar¥]. Thc PCC OFrfat¢s under the Parothiai Chwch CouDciJ Powrts Meawc. Tnistees are apEX)inted attr£AFCM, howe&tt the tr￿le¢S may app)ini 8 ncw trust¢¢to fill &va￿￿¢Y t￿pOrarIlY or to brin8 in addIt￿n8] sktlls or &NKrietK¢. Such atnLts will re(llt at thc ttextAGM but ca th¢n k r¢aP￿ll)￿ Th¢ PCC memirrs are resp)tx%ible formaking £k¢isioMs on a]1 Itu￿5 ofgExxai ¢oncern and importhce to th¢ par15b Includi￿ d¢cidiJ)g on how tbe fU￿Js0r the PCC are ty b¢ ynt The full PCC 7 limes during t￿ year. GtveD tts wide T¢sp)￿1b1[j￿eSu*￿fha$ d Jllkmberof tX)Enmit*¢ each dealing Tr¥ith ap8Jticulgr ￿pect of P8tith life. All committe¢s rwnsibk to th¢ PCC Jlldreportback to it regulatly with minuteslretrf)rts of the￿ reCommettd￿1￿￿J$. The P(f can then review, discus5 and d¢tril th¢ Wg4y forward for￿31 prDpsals r*cessary. Saftgttardkng MorpEtb Parish Sup￿￿ wholehe*te(Uy YowYrthASafrr thurch" Pka5¢ sKthe P8tish website or notice Ix)ard8 ill churth for safeguardi￿g policies. StanningtOD Parish Aitlu)iigb SIMary's Stanjjington is a Parish in it5 fjwll riEbi. Ihe Parish knng R¢v Cawn SimoD IlThitr b&ve b¢¢n ￿k¢d to work wllthrntiwely together. This is Th>t a Etnefi(% OTNintpBrish buEtwo ￿15￿￿8 working together. Nfoweth Ministry T¢atn audAdmiti team as SafegwdrTrg t¢8tn gr¢ [￿W working togeth with Stsuningknll to m(Mkl a w0￿1ng pm¢￿10 ¢jWLre5￿*a￿IIity by usiog reS￿￿T￿$ MO￿ ¢ff¢Gtiv¢ly. Page 4 Moryetb P*rochial Chur¢h CouncAI TrusteL4' Report (continued) Administrativ¢ lllftrnllltio St Mary"4 St Jam¢s' ￿ StAidan's ￿vr￿￿$ a￿ sitiFatcd in moj￿ This is of th¢ Dio¢seof NEw￿$tIe withill the Chwch ofEnglan CoThesp0nd¢￿¢ ad4￿.. Morpeth Parish Offi#, StAidan'5 Sbiclds Rts￿ MoTp¢d4 N(rthuoknrlaDdNE612SA Tel¢pE￿Ie number.. 01670 503326 Bmaii addre￿.. office. Websit¢.' rishofrnor]Kth.ory.uk Th¢ PCC is abody (W￿rat¢ IPCC Ptswe￿ M¢ayu￿ 1956. Churcb Rwesentation th2011) arylregi5tsred with the Cbarity COmJniss￿ll. CTharity C￿miSsIon RegistratiotliNumkr 1131093 PCC ll*ftnbers who tw¢ yexved at Wlime from l Jamw2023 wllil the ￿¢ this r¢FK>rt appToY¢d are.. offieio membets: Ina]]n1￿t.. Th¢ Reverend Cm SimorLJ H Wbits (PCC thinuatt} Cwate.. Reverend P9￿ iiusby luntd 31.8.2ff23) R¢vEreod J￿Y C(w (Teti￿l￿Su itl Pari%b) Ms Valetic CowJn luDtil 30.4.20231 Ms EAtmie NeWla￿ts (from 30.42023) Mr Mi'thl Daws Dr Rob¢rt Young DrAn¢Jr¢w Mow•t Iskxjd doiYTh 25.5.2W23 ajkl 6.9.2023) Ms E S8rahThyiie (thitil 30.4.20231 Ms Kaibryn In¥in IfrLKU 21.11.2023) Reader.. WOTden.' Wardej).. Ward¢tL.' Eketed Mrs Sally Keith lrtwesentali￿ Oth ￿katie￿ Synod} Mrsval FO￿ (￿presenti)iVE on DegneTr Syn Mr5 JeAur*tt¢ M WaleTs (fre8surerj Ms tkbbie Ba8s-Pi&in (from 21.3.20231 DrAll11￿ MoTh*t (urtiil dat¢ 23.720?J) MTS Paulffttyoung Mr Kidthtd Bi51y)pp MrAndrew Caj Mr5 Cayol Dixon Mr D¥4ve POF lulltil 30.42023) Ms Sinead Morrisey iulltil 30.4.2023) Mrs Juli?Tasker (from 30.4.20231 Mr8 Sknila Short (from 30.4.20231 Th¢ gnTllwi rwort approved bv theth]5W of tlK cbtirity On .. ... . At￿ signed onitsbehalf by.. JHWhi Morpeth Pgrocbial Church Council St8temtnt of Trnstees, Rt¥ponsibi]ities The trustees are rtsp)nsiblc For prepsringthe trusrees T¢P)rtand the fin￿1￿ st8teme]Jts iti 8£¢ordsnc¢ with th¢ United Kingdow Accounting Slalldarts Ibnited Killgdo]ll G¢n¢t￿ty A 8ny miter(al disclosed and explained inthe finarKial statements. 8ttd prepgr fmaocial statements OD gotD8 wur¢m ba515 unkss it is inappropriate to p￿S￿￿e tbat the Charity will continue in busir&s& The trLLtrs art respoJJsible foi keepitig proper acto￿ttIng1￿￿rds that di￿10St with re&wnAbk accutw at a]r)' time tbe fixmllcial ]K15ition of the rt]aritv ¢nabl¢ 1￿M to e￿8￿re that the fiDancial statem¢Dts cotnply with th¢ Charitie8 Act 2011. the Ch8rities (At¢OUDts R¢m) R¢guthtion5 2008, and Th¢ proYi5lDn5 Df the cojjstitution. The Iru5¢¢es 9J¢ also ￿S￿)￿sible for safeguarding the &$5ers of the cJLarity" gnd bellce for tslirt8 awnable steps for tbe pmetition Jryl d¢t¢ctioll of fraud othcr trrcgularitie5. Th¢ trustees are responsible for th¢ Maint￿¢¢ and inrwiry of thc cortfftte atjd finEnciai iirformatio indud¢d on thc chaTitsb]e comparty's vthitr. LE￿I￿lOn gov￿11￿& tr rffepw&iott attd dl88etllii￿iOll of rlllancial statetseTrts Ttw ditY￿ frorn kgi5JatM)n Èt) other Juri￿1¢110￿S. Approved by the tr￿ of the on...... .9..:.4. and 5igrd on ilB bctrA]fby'. SimooJHW TnL8tee Pog¢ 6 Morpeth Paroehial Church Council Independ¢nt Examiner's Repor¢ to the trnstees of Morpeth P4rochial Cburch Council I ￿Pl}r[ to IJK tTUSt¢¢s ots my examiDatioD of th¢ attOUDts of Motr*lh ParrKhial Church Council for tbe year ¢nd¢d 31 D¢c¢mber 21J23. Ro5pon&ibilitie5 ofreport As the dthrity tnjstees of Morpthh PaTothi81 Chur¢b CouDcll you at¢ ￿5P)￿b]e for the rry2ntioL of thc ac¢oun15 in a¢cordaDCe Witb th¢ Twiremetits of the awities Act201 l ('theArt'). I T¢￿rt ill r¢srK¢t of m>. ¢xNDination of the mOr￿th Parothia] Church Coullcil's accounts carri¢d out section 145 of tk 2011 Act Ind ill carft)'ing out Tlly exgnuDatiDD I havc fo]kn￿d all the appli(#bk DireetiOJJ8 8iven by the c￿llY commi￿)￿n urKkT s¢aion 14i{5Xb) of the A tDdep¢#dent ￿%￿l￿tr,8 $¢atw¢Dt I h&ve Completed my ex￿]natiOn. I that IM) Ma￿la] matters have cotDE to my aitcntioll in conne¢tion witIL the txamin￿l0￿ 8iviDg ]ne CAU8e ￿ klievc that ID matojaites￿a.' l. a¢¢outtting records were not k¢pt ill ormor￿th Par0aLL￿ Churdl CowKii &8 wuired by section 130 orth¢ Act. OT 2. the ￿£oUnts￿O ￿t acwrdwiththose tEcNds' or 3. the ￿¢0￿￿18 do no( comply wtth the wiutttmg xequtrenKnts con¢¢rDing the fornj atsd eODt¢nt of 4ccoutLts set o￿t in the CharitiEs (AGci)unts aod ReKrfJrtsl Regulations 2(M other tb8n anj requirem¢nt that the aGcoullts give a olld fair vt¢W which is ￿t a matter coll5ider¢d as part of ittdeptt)dtttt I ￿ve AO con¢¢r￿ and have co]ll¢ acr055 ￿ Ott￿ matlersin ￿nDe￿I0￿ with thE Examinatiott to whith att¢ntion should be drawi inthis reN)rt itt or&£ toenable aprow UrKk￿￿E0f ts ac£ounts to be re￿hed. Btrtwgh Hall W¢llway MorFZth Northurnlxrlaod NE61 IBN Pag¢ 7 Morpetb Parochial Church Council st#tsm¢nt of Finan¢iAI Aetiviti￿ for the Year EDded 31 Deeember 2023 UDre5tritt¢d fu Total 21123 REStri£te4] fundg Note Incornt and Elldowmthts from: DoJJ2tioos 8ttd Ic8xie5 tnvcstmetsi iticome 129.499 49.751 944 179,250 2,936 (hber iticome Total income l95 616 Eipenditur¢ on.. Cljaritable tictiviti&S Oth¢r exFnditUT¢ (144201) 748 {2741 4.764 (144,4751 (144,949) 125.038) {169.9871 Gaixhsllosses on itivesthent Net {expttnditttre}fsncott)t 28 30.4SO Netmo)En￿ntIll futtds {28) 30.478 30.450 R¢coDCi]i&*ioD of fu#d$ Total fu￿15 brought foTrwd 130 Total fU￿lS wried fm¥'grd 15 19.765 Unr¢stri¢trd fttttds 138373 Total 20 Re8tritteLI fu•d$ Note IDcome aod RDdowMJents from: Doryatiow and legaci¢5 lllveslnjent i￿1[￿e Otber itKOAne 119.493 28,344 214 147.837 2.018 Total i1￿m¢ 158.486 Exptnditure OA: ctwiiable athivitie othtT eNKndityr¢ {127.844} (60D) 1128,444) 18.110 Total aTp¢rdihw¢ {131225} (15,330) (14&5541 837 Net (expEnditure)/income ]Trov¢metsi its fi]Dd% {129n A391 5.093 Reeontlliat￿A of funds Total fiuds brought fotward 21. 81.739 102 829 Totsl fiuNts wiedforward 15 107 923 All of the cbarity's aaivilies d¢rrv¢ fro]D ￿￿¢11￿11[1go￿￿lOnS dwing the atrx>ve two wiods. Th¢ notes on pagGs 11 tt123 forn an iotegrai part of these fiDan¢ial stattsu￿f& Morpeth Parochial Church Coulleil ststement of Financial Activitles for the Year EDded 31 December 2023 (eontinued) Thc fvtsdq breakdowTAfoT 2022 ￿ Show￿ in notc 15. The llot¢s on 1110 23 forrn aj) itLieEt81 wt of t5￿￿¢ fillaTKio1 statements. Page 9 Morpeth Paro¢hial Chur¢h Colln¢il (Registratio￿ number: 1131093) Balance Sh¢*t as at 31 DecenLber 2023 2023 2022 Nott Fixeil *￿ets Tattgible a8sets tnvestments io 866 56,062 ,012 Curr¢nt W5¢ts IkbtOT5 12 9.928 102 981 112.909 37,494 Cash at baThk and in htlld 13 118,340 Crdilors: Amounts t￿11￿¥ du¢ withill yur 14 Net currcnt tyets 55.670 Net &ssets 138 373 FundJ of the ellaraty: R¢strict¢d inco]n¢ fuT￿$ 118.608 88.130 Unrestrieted ill¢ome fundi Unrestricted funds Total funds 15 138.173 107,923 The fjjjancial sl8tements on pages 8 to 23 wt¥¢ wprovd by the gnd Buthoris¢d for Y55ue oJ] .. aild SIg￿d ontheir b¢ba]f by.. Simon J H rru*¢ The tAgcs 11 to23 fonn all in*gral part ofth¢s¢ fu￿￿jaI stat￿entr P8gt io Moryeth Parochial Chureh Council Iyotes to the FSth¥neial Ststements for the Year Ended 31 Decemb¢r 2023 l Aeeounting polici¢s Stwtem¢llt of eompliallet The flnancial statements have i￿rt ￿￿ed in a(wrdaTKe with the swood cdttion of th¢ CTrwities StaÈ¢rn￿t of Recomm¢n&d PT8Cti¢e issued in OdolKT 2019, the Fitsaocial RerATrrtiDg Ststthrd 8pp]icabl¢ in th¢ Unit¢d Kingdom and Republic of Ir¢knnd (FRS 102) atrj the Charities ACT 2011. B¥sts of P￿parAtiO Morpeth ParoGhi81 Ctllwth Coutici] meet5 the definilioD of A public ￿tity under FRS 102. The accoullts (rmgnciai stat¢mentsl have F*en preFored u]Mkr thc hisrori¢al ￿}51 cotLv¢lltititt with irems ￿COgniSed & tost or tr￿￿2¢tion value ot￿Th￿S¢ rekN'ani D)tr(5) to tl*se actouttts. Going CO￿ter￿ The trustees conside¥ th3t thKe ate ￿ matuial 8lh)ut the clwitys abijity to cotitin￿ ￿ a going conc¢m. Inromc endowmtnts Volffttary income including doD*iO]4 gi￿ kgacies glld graDts thxt provide core funding or arc of & gcn¢rai ature is recogTri5ed WI￿0 tr cbarity" has ¢lltttie￿ to the i￿Orn¢, it is that the iLKowe will be received and the a￿o￿t¢an b¢ tlleAgured sufficient T¢ii3bih"ty. DonatKhllS aod le8acies to tbe PCC ar¢ accothhted for as 5(*)n ￿ the PCC is t￿lfied of its kgaj eJrtit]e]]mL tbe amoutttdue is quantifi8bk and il& uhiti)*e ￿Ce1r￿ by th6 PCC is ￿180]￿LY certaitL tncome r¢cDverwbk ¢ML Gift Aid th1jatio￿ is r¢co8nised MtherL the Ir￿4￿￿¢ is r￿EVe& DiYiden¢L" a￿ recogDised oJK¢ ts divNIElld Ixen declaKd aryl notifi￿10￿ bas bcen T¢(ftvd ofthe dividend Expenditur¢ Ex￿nditUte is dC£¥JUllted for on an ¢his b&8i8 aDd kn betn cbssified ￿der headings that aggregalc ail ctrst related ￿ the ¢attgorv. Where costs cai]c￿t ￿ di[¢￿1! atttibukd to p&ticulaT headings have been a]located to activities on 8 basis COllSi51ent with the use of re5uurces. Gtants offered Sub￿ to conditio￿4 which have not b¢¢ts It￿1 attheyear end date 8r¢ T¥)1￿ atuiliiiment bul not￿￿￿&*eXpe￿]itllr C05t5 of ÈeJJer2tJng fi]D￿ are th¢ (x)stsof trnJtiJg for fundrai5iThg pwp) Charitable eX[¢nditu￿ Cornpri￿ ¢o*s by the charty d¢livery of activities and ￿ryI(¥S for ils beneficiÈTie8. It includes ￿>th costs th* catt k all(x*d directly (0 acllVltie5 atKI th05¢ costs of att indirecl naiutc i*(%&wy to siwort ti*nL Page 11 Morpeth Parochiil Cburch Council Notes to the Finaneial Statements for the Year Ended 31 Defember 2023 (continu￿1) Support ¢ostS Support W5ts inclu(k c¢ntrAI fi]DCtKlll5 JJKI hav¢ aiioL*d to •L*vtty c05t ￿t¢gOri¢S on N basis consist¢nt with the of resourw, for exettjple. allocÈting propty by tIoDr or c4>it4 Staff costs by tbe time spetstand otkr c08ts by their usagc. Governamee ¢0gts Ih¢s¢ inGlud¢ the ￿sts attribubbl¢ to the ¢haTity'5 mUpliau￿ wrL%t[tUtion￿ and 5tstutory r¢quiT¢m¢nt iticludin8 ￿di( SEt2teEi¢ ]Dauagett)etst and tt7JStees tt)eetings at￿ reimbursedexpe])ses. T8iation Th¢ charity is consid¢r¢d to the set out ￿ Parwdpb J Sdohjk 6 of ts Financ£ Act 2010 and thtreforc it meets the defmitiotL of t dwilabk wmpaDJ' for UK cork¥)ration i&% p￿￿&CS. At¢ordittEly, the charity is wteLtiallJ exempt from t&xation in re5p¢(* of income or capttal ggins ￿elTred witbin categories overed by Chapter 3 Part il of the {kn￿rat[On.f&X ALX 2010 ot Sectii>n 256 of the'faxatioTr of tha￿¢ab G&i]us Affl 1991 kn th¢ ext¢nt that such It￿0]1]e0r8aIjls are aA)lied exclusive]5' ￿ ebaritable pUt￿Se& Tanglble fixed xssttg lodividL￿ frxed ￿ets costing £O.IX) or (llore initially recorthd ￿ LX>5U less any gJbwuettt accuolulate dBpreci2tion arKi gubse(Nent w￿￿lated stllPBiru]o1 IDsses. Ikpreet*tlott sttd *mr>rtb2do Deweciatloll is tmi'idtd on ¢￿Igible r￿ed as5¢ts 9) ￿ to WTit¢ off th¢ (wt or vajuatioo less any ¢51imated residualvAlu4 over th¢￿ exFc*d llsefui e¢￿0th1¢ ]ife &% follows: Aistt cl Fixturn and fittiJJ85 D¢prt*i&tioll mefhod atsd rate 15°A QD redwiog balance Ftxtd asyet lttvtitmtttts Fixed assei ittve8tment& other PmW]rn¢ r¢lat¢d illv¢*ment4 illcjuthd at n￿¢t Val￿ at thc ba]ance th¢ct dat¢. Rea]is¢d gBin8 loss¢s ou iThYesthients are caku]*d &8 tbe differen¢e bthv¢¢n 501¢s pro￿¢d$ gt tbeir market vaIue at Ehe s12rt of the Jrar: or th¢iT subwi co& and clwged or crtdited to the Statemettt of Firwicial Activitie5 in therKriod of th]M)38L Unrea]L%¢d gal￿ and I0￿S r¢present th¢ moY¢tn¢nt ill ]n8Tkel Valu￿ duTLng th¢ year and ar¢ credited or charged to the StateTllent of Aaiviiitts b&%ed on th¢ markcivaltsc at the ye4tend TrAdt debtors Traile debtots are aÈnouttts Trdde Cr¢diiors are Teco8tiiscd initiBIty at the trat￿CtIOn tffic¢ 5ubwuettrty Me￿ at mortised cost using th¢ eff¢diV¢ ititerest metsj BorT(kWiIiV ln*rcSt-I￿L￿g Erf)rrowgs ate initsaliv T¢CIr(￿ at f8ir value. of trans&tion colts. Int￿eSt-b¢8r1ttK Ings are 5ubsVqL￿tIY c￿rIed at attjortised Ll)5t. the diff¢rcJJce ￿[w¢£Th the llel of trawa¢tion c051s. gJ)d th¢ d￿ redemption as a tharge to the Statement olFiThaDGial Activities ov¢K the WM>d of the ttkvatLtEorro*rytig. Interest exycn% is re￿gnIsed on Ihc ￿15 of efftclive iDtrt¢5t tnethod Jnd is tttcluded in ￿￿reSt py2ble 8nd 5Lmilw Gbarges. Borrowings ar¢ da$5if]ed as cwrent liabilitits ulliess thc c]Jgrity bas an u[w￿ditiOnalTigbtto defer settlcmctst of th¢ liability for at lea￿ tw¢fvt aftcrtr rerwtiug dttte. Fmttd ytructu Unrestricted ill￿[￿e fimds att £etmi funds Ire availabl¢ for w¢ 8t ¢hr tru5ttts disrretMTrn in furtbe]8tsce of th¢ obj¢thive$ of the cbarity. R¢strict¢d incom¢ fund8 are dongted for ￿ ttt a tArticular aT¢a or for S￿IfiC PUTFVW the use of which t¢5tri¢t¢d TO that areaor PUTPYe. FiThan¢ial &ssets aod fin8neiAI liabilities ate Te¢X>BDl￿ kn th¢ charity be￿￿eS a party to the colltrActstsI visions of the itt%trllmeni. Fil￿ticia[ liabilits.es and equity IJK4nUD¢nts ar¢ dassified according to the of tbe ¢olltrWtml orraDg¢m¢pts entered into. An equity ￿￿tru]De￿l is anv contr￿th￿ ¢i'ideDCts a ￿1￿￿[ int¢r¢st in the Lss¢is of thaTity ofter dethicting vjl of its LiAbiliti&8. Pgg¢ 13 Morpeth P%rochial Cburch Council Notes to the Financial Statements for the Ye*r Eoded 31 Ilecember 2023 (eolltinued) Re¢ogNilion AII financial as8ets ￿ Isabi]itres are iThitsaity m¢asw¢d at trarwction pri¢¢ (illdUdl￿ IrarwotioD ￿$ts), extrpt for those ftsjancial C]￿lfied 85 at fair value thmugh profil or ]054 which ate itsitially measured a( fair value (whicb is normally the 1r8tk4a￿IJ price excluding traDsactiOtt C05tsk unless Ihe arraDgrmellt constitrst¢s a fiDancing trsnsaction. If gn 8w8ngemettt ronstitut¢s a fij￿￿]ng trJllsactior4 th¢ fl[￿nc[￿ asset or fu)anciJJ ]iability is me45ur¢d ai th¢ Pr￿￿t Val￿ of the fvDJre paymettts discotjnted at a t[￿rket rak of ititerest for a similar debt instrument. Financial ￿ets attd Jiabilities a￿ Ojhly Offs￿ ID the StaretllU￿ of financi8J tx)siiioL wh￿. attd on]y wh¢Th ther¢ exists a legalty CDforceabk right to sffl off tk T￿x>gO]SCd arnounts gJ¥l trK Cknity iDtrds ¢ith¢r to 8¢ttlc on Jjei basis, or to realise the ll5set and settle Jiabi]iTr siLkultstw￿Sty. Finm¢i81 ass¢ts derecognisd whd 0￿Y a) th¢ ly)[ktr￿ rigbts to the flow$ from tb¢ rJrtanci21 a￿( expire or are selde41 b) the thritv trallsfcrs io aDOThtt party substalliially ail ofthc ritks and rewaT&- of oTrnerstrLiP of the fmancial as5¢L or c) th¢ rjwiry, d¢5pik baving r¢tri￿d 50ffje, but iM)t aiL si￿ltant risk8 and rew*rd* of ownershiw h&% tr*usfert&l wlltrol ofthe &8sei kn aLDther ]xrty. FinBnci81 liabiliii¢s aT¢ de[w￿]Sed i)Dty when the obligatititt I￿]fied in the t4)tstr￿t is di*ed, tslltelled or expire$. Pag¢ 14 Moryetb P¥rochial Chuyth Council Notes to the Finaneial Statements for the Year Ended 31 De￿mber 2023 {CODtlnued) DÉbilwstrMments D¢bt insttumeDts which D)ee¢ the following conditi￿ are bwbwwitty at amortised Cost using th¢ efftdive inter¢sru)¢thod.. la) The contractwl T¢tUTn to the Ml&r is (J) a fLxed amoun¢ lil) a witive ftxed rafr or A JM)sitivc variabk r8te' or (till a 1X￿nb]natio[L0f iposirKve or a DeBBtivE fjxed ra* aDd 8 Ix)siiiTre variabk r*. (b) The coLtracT mw proTrid¢ for repayments of the yMti)cipal or th¢ ro the hol(kr (but mt lthl to be link￿ to a Si￿le relevant obstryabie itjdex of geller8J TXi¢t iDlkntion of the vJNency in Mhich thc thbt {c} Ib3 contract may proYi& for a detern)inabk VaTi&tion of the rdwll to the F*)lts th1￿￿￿ the lift of th¢ iDStrum2nL provided tbHt (i) the trw yat¢ satisfr5 wndttion lal and the i'tiriaiiott ig not wntiiigent on futu ¢vellts otherthaTL {1} a chAllge of a contra￿￿ variabk rlltr,. (2) to wotect lth holder kg8insi credit detrioration of th¢ i&sllBr,'13) chattgcs in l¢vies applied ty a centraj bank or frotD cballBCS ID relevaut tsxatuTrn or law,. or lil} thenew rate 15 a tllOTket ratc of itrt¢r¢5L )ts15atisfi¢s wndition(a}. {dl Th¢r¢ 1$ tto contractual proTrrysion that cou]¢1 by its tem4 r¢5uJt in IKklthr IosiDg th¢ wittcipal gjnount OT )tty ittterest atribut&bl¢ to the Current Frfitidoi priorwi(Kl5. (e) Contractual PTOVi5iQThS that permit th¢ issuer to preyd4' a (kbt Utstru￿tor pcnTrit the boldcrto put it b&ekto th¢ b¢fore maojrity ar¢ con(iVt on fu¢ll￿ eyenLE othu to pN)kCt the hold¢r llE8llhSt the cr¢dit d¢trioTatioJJ of the QT a Gbattge in (x)ntrol of the issuer, OT to protect the ts)Id¢T or issuer a88in8t cha￿$ in levies appli￿ b). 4 centrAI b&Jk or arising from ¢haD8¢5 ID ￿levallt rax&tion QT law. (O Contractual PTOVi5iOnq may rKrn)ii the of tentt of the d¢Frt instruwL PmVi(k4J tha¢ tk retwn to the knld¢r s￿1 atty otlLer contrH¢kn]ai pmiisions 8pplicabk during th6 ¢xtrllded term satisfy ￿ conditions of parwaphs l&) to (c). Debt i]]Str￿Ments tbat are cla55iW &8 payable or reLriYable ￿thin one year ott initial T¢CQ8tiiitOn gjd wbi¢h etl the aix)ve wnd]"tions Ère m¢asuwd Ht the undiswunted amtsLmi ofthe cash or other coL8iaeraboTr extKded to be paid orre(*lV¢￿ netof impNirneDL With ex(%pliun of some h¢d8iDg itsstrun￿￿ otlw itknen¢S rM)t meeting th¢% ¢o]Jditions g [n¢asU￿￿ al fairyaI￿ throughpTofil or I￿9. ComD)itments to wake aLd ￿¢]y¢ 10A￿* whi¢h m¢¢t woditions nKntJo￿ aknc tne#wred at eost Ivthith rnoy ￿ nil} I￿$ irnpairtllent. IDv¢strn¢Thts in nDfL.convertible picftrence Shares nOTr[￿￿￿k OTdinary or pref¢y¢TrLZ shatcs (wher¢ 5har¢s re publicly trad¢d or their fail i'alue is relihbly meaSL￿le) are ￿lle￿re￿ at f8iT value tbrougb wofit or loss. IVh¢re fiiT vllue cattoot k Jneawred reliably. inve5knet)ts ar¢ me￿re￿ atcost le￿ impairtnent. Invcslmellts in subsid￿leS atMI aWKla￿ are measured at tost less impgirm¢nt. For imeslments ￿ sub5idiarics a¢qu￿ed for consideration including the ISS￿ of 5har¢s quaiifyiDg foi merger teli¢f, cust is measured by refere￿¢ to th¢ LO￿1)￿￿[ Yaiue of the Shar￿ is8￿j plui hir vxllle of other coThsiikntion. ADY prerniiun is i8thore(L P4e 15 Morpeth Paro¢hi#l Chllrcb CouD¢il Notss to the FiugD¢ial Stst¢meDts for the Ye•r Ended JI Deeember 2023 {continued) F&Irv￿tse The ￿$t ¢vid¢t)￿ of fair vaJu¢ is a quot￿ Pri￿ for i&titi¢41 in aD a¢tive JllaTk* Ivhen quot&J prices are uttavailabk pritt of a rtceni tratjsaciion for id¢niic41 &8Xt wovidc8 cvidence of fair valu¢ as long as the￿ ha5 rnt becn a Signific￿ chgnge in ecoDDtUi¢ ¢iTCUmStanC￿ or a 5LgDifiunt lap* of time since the traDSXtiOtt look p12ce. If the ll￿rket ts i)ctive aul rtttot trnjsthns of att identica] as*i on thcir owj g not a good cstimatr of fatr valuc, the fair vah]c ts csrimated by USiD8 a valualion trc1)tilq￿. 2 Jncome from domationts Itg*ti UDrestri¢ted funds Gejbtrfil R¢$trieteeember 2023 (¢ontinued) 17 of n¢tfu#d$ At l Jattuary Finan¢irLg t*sh At 31 DEcember 2023 flow 2023 Cash xt bark attd in ]Jar 135 N¢t d¢bt At l JaDii•ry 2022 OtILtr non t¥sh At 3J D¢ctmbtr ehaDgt 2022 Cash atbonk attd its hand N¢t d¢bt Pag¢ 23 Morpeth Parochial Church Council Ststemtnt of Financial Activities by fllttd for the Year Ended 31 December 2023 Total Total U￿r￿tTle￿d Umrestrieted Fullds Funds 2023 2022 IDCOm¢ and XndoTFnbents from: DonBtions Bnd legacies Invesknent ititome 129.499 1,992 119,493 1.804 8,631 Other ijjcome Total itiwtDc 129 928 Expenditure oll: Charitabl¢ activitics 0th2r experdiwr¢ {1442011 748 1127,8441 Total exs*ndit 1312251 N& eJF¢nditurE N¢t movcm¢llt itl futlth {28) 11,2971 R¢conciliation olfuDds Tofai fund5 ixought forwd Total fvttds<￿i￿ fonv8rd 19.765 19.793 This pagekn form of slatutory f￿￿cla[ statemeDts. Page 24 Morpeth Parochial Church cou￿ClI Statement of Financial Activities by fund for the Year Ended 31 Deeemb¢r 2023 {contiuued} Total Re5trided Fund 123 TDtal Rtstrieted Fund5 2022 JMcoTlle from: Donatial￿ aod Itg4ci¢s lryvesttllettt income 49,751 944 28.344 214 Total iJKome 28.558 Expendltun on: C]Jaritabl¢ artivities Other expenditure {274) (6(K)) Totsl eJpenditure Gaillsllo￿s on inves1m￿l ayets (25,038) 4,821 (15.330) N¢t intome Net mov¢ment itt fiuK 30,478 6,391 Re¢on¢iii&tion of funds Tots) futs15 brouEbl foTh¥ard 130 Total fvtyjs Carri￿ forW￿d 608 Page 25 Morpeth Parochial Chureh Colllleil Detailed Statelnent of FiDancial Activitses for tbe Y￿r Ended 31 Deeember 2023 Totsl 2(ll3 Totsl 2022 Intomt ElldowtheDts from: Dotjations and kg&ies (aoAiysed beh)w) IDV¢Stment illcome18naly$ed klowl Other tncome (&Miysed betow) I79.￿0 2.936 147.837 2.018 Totsl incorne 195 616 158 486 Kyptndlture OD: Chariiable activities (analysed b¢Jow) Other expellditure {4naty5ed Etlowl (144,475) (128.444) Tota] eAptr#liiure Gains1105ses on inveslttellt A%8ets (SW brlow) Net income (169.9871 1146.555) N¢t mov¢m¢Tht in fvn(ts 30.450 Returtciliatiou of fundg Totd brought fonvard 102 830 Tot3J fiulds cgxied foThvard 138 373 This page docs DDt foru) of the WJ]¢ory fin8n¢1￿ stgt¢ments. Pa8e 26 Morpeth P¥rochial Chureh Council Detailed Stgtement of Financial Aetii'ities for the Year Ended 31 December 2023 (eontillued) Total 2023 Total 2022 4ndlegrfcies Planned giviti8 Appeals 2nd donatio￿- SIMary's A￿8￿. dotMtio Appe8Ls and donatiork%. St James, Fund AppEa15 attd donations. St Aid3ll'5 Fund Apt*ais ￿ donatiws. C*ner81 Fund GiftALd t￿re¢l&1M Parochial Fe¢5 Manohester StrKt FutLd COll￿tionS fot (Mhet CTrJariti¢5 85216 29,710 81141 6,312 2,378 1,050 12,219 21546 ,353 14.113 12,462 5.000 10,784 14,589 10,541 4,570 179,250 147,837 JnveslmeRtUftCOFII¢ Inter¢5t R¢ffiv¢d- St Matys Futld lttterest Received- St Jomes. Fund Int¢r¢5t Received- Si Aidan¥ B¢awL lJ)terestReL%ived- St Mary's Or8an FuJyJ J]rterestReceived- ApsThi Fabric FuDd IttterestRe(%ived- St Aidall'5 Furvj Kllterest ReG¢iv¢d- Mattksicr Sireet lllterest R¢c¢iiTd- GeneR] Fwld Ill￿￿¢ froLU (ther itives￿ents 551 214 137 20 93 26 36 io 460 280 1.524 1018 2.936 Olher c￿￿TCheS and Hulld Ldtl Chryrttrfble 4clivid¢s Depicciation of r￿lUreS ajkl fitttDgs CJwiiabl¢ donatiotk Paymettl of Coll¢#i0￿3 forother Cbwt¢i Parish Share Clergy Exp¢n3es Clergy Housillg Costs Water Tat¢s LighL h¢at ￿ pYTrwer (147) (1.3001 (? OJ71 (70.(m￿} (2.368) (4,496) (6481 (22.148} (173) 12.815) 150.5(Y)I {1313) 14,291) (552) (212861 ThiB page (kn forni pgrtof the staiutory fmaNialstatemenls. Pa8¢ 27 Morpeth Pgroebial Church Council Detailed Ststemellt of Finaneial Aetivities lor the YeAr Ended 31 December 2023 (continu¢d) Total 2023 To*41 2022 tn$ura Htt]ts' Rut￿ng Costs Parish Offic¢ Costs. R¢stritted &4tabli5hJnent Co$15 Parish Offi£e th5ts. Ullrestrict2d Establishment Cost Repairs and maittte]ullee Cburch A]rarRequtsites Cburcb AltarReqw'sites Church Organists. Choirs al￿ Music (13,8291 13,8LK)I 112,2601 (3.3631 15041 (15,0311 (11,7661 (14.640) {5,6311 (274) 1562) (51 Other wtttdithre Projects. St Ma￿$ Futtd Projccts- St JaDxes' Fulld Projects. St Mwys Orga￿Fulld Proj¢cts. App¢al Fabric Fund ProFcL5- St Aidan'5 F￿ ProiecLs- Manchester Street Fulld Projects- Ge￿[al Fund Bank charges. St Aidan's Beaam Pffoj£*tFur#l B￿￿k cl￿g¢s. ManciKster StreetFund B8t]k chaTg¢5. Gwai Fund (7,420) (1.149) 1228) 18.568) (7741 17991 11,0241 13.403) 13.039) (81) (81) 341 (2249) (13,613) {375) (35) (60) 373 G¢Tipu/l0s¥￿0n inveJ¢meprl¢Ltsets Fullds. investhjent oss¢ts- St Luke¥ Fund Funds- inveStment￿Sets- Dark tAne Fund 026 2,795 4.821 {6,8371 Thi5 P9g¢ thJ¢s ￿￿1 forni wt of the swutory fub8nciaS statment& Page 28