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2022-12-31-accounts

Registered Charity no: 1131094

All Saints' Church, Gosforth

Annual Report

And

Financial Statements

of the

Parochial Church Council

for the year ended 31 December 2022

Incumbent:

Reverend Canon Andrew Shipton All Saints’ Vicarage 33 Brackenfield Road Gosforth Newcastle upon Tyne NE3 4DX

Church Office:

All Saints' Centre West Avenue Gosforth Newcastle upon Tyne NE3 4ES

Bankers:

Barclays Bank PLC 59 High Street Gosforth Newcastle upon Tyne NE3 4AS

Independent Examiners:

Haines Watts Chartered Accountants 17 Queens Lane Newcastle upon Tyne NE1 1RN

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All Saints’ Church Gosforth

ALL SAINTS’ PAROCHIAL CHURCH COUNCIL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

Aims and Purposes

The Parochial Church Council (referred to as ‘the PCC’ or as ‘the Council’ of All Saints’ Church, Gosforth, in the diocese of Newcastle) has the responsibility of co-operating with the incumbent (‘the Vicar’) in promoting the whole mission of the church in the ecclesiastical parish.

The PCC has maintenance responsibilities for the Church and the Church Centre, both of which are in West Avenue Gosforth, and also for two properties adjacent to the Centre. The Church Office is located within the Church Centre.

Objectives and Activities

The objectives of the PCC are defined by the Parochial Church Council (Powers) Measure 1956 as 'to co-operate with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical'.

The All Saints’ mission statement is:

Working together as a church we are pursuing a vision to put All Saints at the heart of the wider community. Our vision is to be a vibrant, inclusive, compassionate, outward looking church with a sensitive and thoughtful approach to faith, where there is excellent pastoral care with encouragement for all, where diversity is welcomed and our worship inspires us to transform the world.

The main activities of the All Saints’ PCC are:-

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Membership

Members of the PCC are ex officio, co-opted, or elected at the Annual Parochial Church Meeting (APCM) or at the first meeting of the PCC in accordance with the Church Representation Rules. During the year, the following served as members of the Council:

Incumbent Revd Canon Andrew Shipton From Sept. 2014
Churchwardens Mr Nick Glover From 2022 APCM
Mrs Christine Willoughby From 2020 APCM
Deanery Synod
representatives
Until 2023
(ex-officio)		 Mr Peter Brown(LayVice Chair)
Ms Diane Kirkup
Mrs Rosamund Place
Mrs Pamela Taylor
Elected members
Until 2023		 Ms Alison Wilson
Dr Claudia Newbegin
Mrs Marian Coulson-Cave
Mrs FelicityShoesmith
Miss Edith Davison Resigned Sept. 2022
Elected members
Until 2024		 Mrs Karen Parkhouse
Mrs DorothyHenderson Died May2022
Mrs Katie Hogg
Mrs Diana Lavin
Elected members
Until 2025		 Mrs Francine Bain
Mrs Pauline Gallacher
Mrs Valerie Hedley
Mrs Joyce Jennings
Mrs Margaret Patterson Resigned Sept. 2022
Mrs LesleyOgilvie
Assistant Priest Revd Ruth Birnie(ex-officio)
Assistant Curate Revd BeverleyDavies(ex-officio) Until August 2022
Assistant Curate Revd Miriam Jones(ex-officio) From October 2022
SafeguardingOfficer Ms Kath Davies,co-opted for 1year
Treasurer Mr Fred Carr,co-opted for 1year
Secretary Dr Alison Charlewood, co-opted for 1
year

Ms Kath Davies was co-opted at the first meeting of the PCC following the 2022 APCM and continued to serve as the Safeguarding Officer. Mr Fred Carr was co-opted at the same PCC meeting, and continued to serve as PCC Treasurer. Dr Alison Charlewood was co-opted at the same PCC meeting to serve as PCC Secretary.

Structure, Governance and Management

The Parochial Church Council (PCC) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. Following changes in the relevant legislation it has registered as a charitable body with the Charity Commission. The appointment of PCC members is governed by and set out in the Church Representation Rules.

The PCC has nominated officers responsible for Health and Safety (including disability discrimination issues) and Safeguarding (of children and vulnerable adults) who receive training and information from the diocese and cascade this to the wider PCC as appropriate. These issues are standing items on the agenda for meetings of the PCC.

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The Standing Committee, comprising the Vicar, the Churchwardens, Lay Vice-Chair, Treasurer, Secretary and two members of the PCC, has the power to transact the business of the Council between its meetings. The Standing Committee deals with detailed operational issues concerning the deployment of resources (buildings, money and staff) within the overall strategic framework determined by the PCC, and reports to each Council meeting. A sub-group of the Standing Committee, the Fabric Committee, deals with more detailed fabric issues. Working Groups of the PCC meet regularly and conduct business on behalf of the PCC. One or more of these groups provides feedback at each PCC Meeting. These groups act as official sub-groups of the PCC covering between them all areas of church life and mission: Pastoral, Education and Discipleship, Outreach and Communication, Mission and Justice, Social and Events. The groups meet approximately four to six times a year and report regularly to the PCC.

Other subcommittees include the Youth Committee, which is responsible for the work with children and young people and the Safeguarding Group, which is responsible for child protection, the care of vulnerable adults and related issues. Other time-limited sub-groups may be formed and then disbanded once their remit has been fulfilled, according to the direction of the PCC. Numerous other groups and committees operate within the auspices of the church. Whilst not formal sub-committees of the PCC, they play a valuable part in church life and their activities are explained in more detail later in the document which accompanies this report.

The major risks to which the PCC is exposed are identified and managed through the appropriate officer or sub-group (e.g. through insurances or Health and Safety assessments). One-off issues are risk-assessed as required by the PCC.

Vicar’s report

There were many tests and obstacles to overcome throughout 2020/21, but much was (and continues to be) learned from this challenging time.

In 2022, my role and responsibilities to animate the life of All Saints continued as we moved out of the pandemic and looked ahead, discerning a way forward. In September 2021, I introduced a Renewal and Funding Group to help us think through, together with the PCC, how we might engage and welcome afresh the wider community. I am heartened to say that throughout 2022, numerous group discussions and actions enabled many new initiatives to be promoted and trialled. (I mention more of these in the calendar.)

I hope my Annual Report 2022 illustrates that despite uncertainty and far fewer volunteers, we endeavoured to ensure that our worshipping life and pastoral work continued (especially to the older members of our community) and that, with tenacity, we have continued to develop both our Mission and Ministry in new ways.

St Hugh’s, throughout 2022, has faced its own range of challenges and I am only too aware of my responsibilities to those parishioners. Whilst not being referred to here, I shall speak about these at the Annual Meeting.

The Year

A team of churchwardens, volunteers and paid employees worked hard to sustain our life as a Community of Faith which included the routine schedule of services on Sundays and Festivals, work to welcome and accommodate groups in the Centre, also to maintain the buildings and fabric and do the essential administrative tasks.

Services

There was a total of 5 Weddings; 1 Thanksgiving for a child; 17 Baptisms; 1 Blessing of a Marriage; 23 Funerals (11 in church); and 9 Services for the Burial of Ashes.

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All Saints’ Church Gosforth

School Assemblies were led by clergy at the Archbishop Runcie First School (at least once a week), Archibald First School, and in Regent Farm School in the St Hugh’s parish. I am a Foundation Governor at Archbishop Runcie Church of England School as are three others from All Saints.

The church was used additionally throughout the year for School Services and/or curriculum visits by Gosforth Junior Academy, Westfield School for Girls; Archibald First School; Archbishop Runcie First School and also Newcastle School for Boys (both Juniors & Seniors).

Care homes were regularly visited in the parishes of St Hugh’s and All Saints and services led in Eothen, Moorfield, and Kenton Hall.

Calendar 2022

January

February

March

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April

May

June

July

August

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September

October

November

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December

Acknowledgements

Much could be said of Ruth Birnie’s steady and faithful service. Ruth continues to be committed to her ministry among us. We are grateful also to Vic Spong for his contributions to our life. Christine Willoughby and Nick Glover have given most generously of their time as Churchwardens. (Nick had previously served on the PCC for over 6 years being Secretary for much of that time.) At the Annual Meeting in 2022, we gave thanks to Paul Wilkinson for his four years of devoted service (including his extra year to see us through the Covid changes) so freely given. We are very glad to have Miriam working among us. Her ministry is already bearing fruit especially in thinking how we reach young families.

Louise Waugh has overseen much of our operations with patience and flair. We are grateful that she has so many skills, is conscientious and always carefully manages conflicting demands. Tricia Maylia has again taken great care of both the church and Centre and helped to oversee many funerals and weddings in church.

Fred Carr has continued to dutifully and carefully oversee our finances. There is much work he does that often goes unnoticed and we remain indebted to him for his hard work. We appreciate too our dedicated Gift Aid Recorder, Margaret Patterson and our Fees Treasurer, Chris Bolland ,, whose roles are quietly but most ably undertaken.

Peter Brown , acting in his role as vice-chair of the PCC has generously given time to attend to all church fabric matters and was very busy whilst overseeing the vital restoration of the Calvary Cross and repair of the east window. We are grateful to Alison Charlewood for taking on the (often onerous) role of PCC Secretary and her requisite set of administrative skills.

The Church Choir continues to progress in leaps and bounds under the directorship of John Lewis - his Superstar production, only possible after a tremendous amount of work, had the audience truly mesmerised. Continuing the musical theme, there are our bell ringers, in whose vital role we delight. Paul Cross was Tower Captain until November, retiring after 12 years inspiring and sharing his skills with his ringers. We are indebted to Paul and welcome Yvonne into the role

Thanks to Lesley Atkinson for running Young Saints and Little Saints and to Diana Lavin for leading the Tuesday ‘Choir at the Centre’ and her pioneering Farmers’ Markets. Also to Katie Hogg who became a Foundation School Governor at Archbishop Runcie School and to both Marian Coulson Cave and Craig Dallison who stepped down from being Governors during the year.

Rosamund Place who has overseen our You Tube broadcasts and recordings, those that work on the Sunday coffee rota and the amnesty group.

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All Saints’ Church Gosforth

Much appreciation is directed to the work Mother’s Union, the Monday Club, Gosforth ‘Tyneside Welcomes’ ( Andrew Cole), the ‘Keeping in Touch’ magazine editing team, the Christian mediation Group, Sew Knit and Natter, and the Amnesty Group; those who cut the grass (Keith Davies and Tricia Maylia) and tidy the church grounds; the readers, the intercessors, the Stewards and indeed, all those who enable our worship to continue each Sunday and many more whose work is done quietly and in the background.

Obituaries

Dorothy Henderson

Dorothy ’s sudden death was an awful shock. She possessed a “can do” attitude accompanied by much energy and commitment; the more challenging something seemed, the more she seemed to want to do it. Dorothy was a valued and loved member of our choir, was involved with our Sew, Knit and Natter group where she was treasurer, and she arranged and promoted our hugely successful Christmas Fair last year. Dorothy was our branch leader of the Mothers’ Union and diocesan treasurer. She was an integral part of all the new children’s events. She served on the Tyneside Welcomes committee and had offered a home for refugees from Ukraine. Sadly, she died suddenly before the work was complete.

Alfhild Wellborne

Alfhild, who died in July is also a terrible loss. Alfhild, as well as being a caring mother and grandmother, had worked at The Seaman’s Mission Church, at Archibald First School and she also took on a role at the City Centre Chaplaincy. She had been a Branch Leader for All Saints’ Mothers’ Union and also co-ordinated the ‘World Day of Prayer’ for several years. Her life had been full and her faith was at the very centre of everything she did. We miss her strong presence among us.

Hilary Hide

Hilary was a very good friend to many of us and her loss is keenly felt. Hilary demonstrated her flair for many things in a range of ways, to many people. She was a core member of the Sew Knit and Natter Group, an expert gardener and excellent cook. Sympathetic and observant, she was a superb counsellor. She remained positive and brave in the face of loss and illness and had enabled David, throughout changing times, to have a most effective ministry as diocesan secretary for 22 years. Her thoughtfulness and wisdom will long be remembered.

And Finally

We have a vision that by 2026, we shall be a diverse community of all ages, of more than 300 active members, who, inspired by their encounter with God, are making a real difference in our context. We wish for our worship to be thoughtful, rich, the distinctive musical, liturgical and theological inheritance of All Saints reinterpreted to engage the present. We seek to be open and receptive to those who feel particularly on the edge.

We did so well in 2022 to maintain momentum and try out new ventures. This was a great achievement. I believe that ultimately our vision will be brought into reality by us living out the Christian hope entrusted to us in simple and sincere ways, and above all, by us embodying God’s reconciling presence to each other and to others. I am always comforted by the fact that we are not called by God to be successful but fruitful. I believe being fruitful involves us going deeper in our prayers and being sensitive to others. I believe that the growth and development we seek will come from our journey inward both individually and as a community. I hope that in 2023 we will take more time to ponder the deeper things and so shine brightly to draw many afresh to the fire of God’s love.

Andrew Shipton

Congregation and PCC Meeting Details

There were 219 members on the Electoral Roll on 31 December 2022 (220 on 31 December 2021).

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All Saints’ Church Gosforth

The PCC met 6 times in 2022. The average attendance was 82% (78% in 2020) The PCC regularly receives reports from the its working groups and the Fabric committee, in particular, has provided a great deal of valuable and relevant material. Regular reports have also been received from the Deanery Synod. There were also 2 Open PCC meetings on Sunday mornings after the 9.30 service.

Finance

All Saints’ finances have slowly recovered from the Coronavirus pandemic which had a significant negative in 2020, and to a lesser effect, in 2021.

The accounts show a surplus of £101,602 for 2022 before taking account of the deficit of £6,911 in the market value of our investments. The accounts at the end of 2021 showed a deficit of £1,700 before an investment gain of £7,244.

Income

Total income, excluding legacies and grants decreased from £219,915 in 2021 to £215,472 in 2022.

Planned Giving

There were 134 members in our Planned Giving scheme at 31 December 2022 compared with 137 at the end of 2021, the reduction caused by deaths and parishioners who have relocated for family or employment reasons having exceeded new members joining during 2022. Planned Giving decreased by £6,163 (£106,524 in 2021, £100,361 in 2022).

Donations

Donations in 2022 totalled £31,493 which included £13,900 donated for particular purposes, the remaining £17,593 being from general ad hoc donations.

Tax Recovery

For 2022 we have claimed the maximum GASDS allowance of £8,000 giving an income of £2,000. GASDS and the gift aid recovered on Planned Giving and donations increased from £28,462 in 2021 to £30,830 in 2022.

Crowdfunding Appeal (using Spacehive)

In order to provide funds for projects involving the Calvary Cross Security and draining of the grass area adjacent to the Church, it was decided to seek matching funding from Crowdfunding North of Tyne set up by the North of Tyne Mayor. The result of the Crowdfunding appeal was as follows:

Offline contributions received by All Saints and (£)
transferred to Spacehive:
Donations 8,225
Fundraising 84
Grant from Community Foundation 1,000
Gift Aid from Donations 1,306
Total of offline contributions 11,215
Individual donations to Spacehive 1,845
Grant from the North of Tyne Combined Authority 8,886
Overall Total of Contributions 21,946
Spacehive Charges:
Spacehive Fee 1,025
Transaction Fee 58
VAT 207
Total of Spacehive Charges 1,290
Amount Received from Spacehive 20,646

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All Saints’ Church Gosforth

Grants

In addition to the two grants identified in the preceding section, Crowdfunding Appeal, a Parish Support Grant was received from the Newcastle Diocese Board of Finance for £1,000.

Expenditure

98% of expenditure is on activities related to the work of the church. The Parish Share and clergy costs support the ministry at All Saints and elsewhere in the diocese. Church costs provide for worship at ordinary and special services. Expenditure on the All Saints’ Centre assists the mission of the church in the community at large.

Expenses for the year totalled £257,256 compared with £240,135 in 2021.

Properties

In order to comply with the Financial Reporting Standard FRS 102 and the Charities Act 2011, the houses were re-valued at the date of transition to FRS 102 of 1 January 2015 with assigned values as follows:

The properties have now been re-valued at 31 December 2022 as follows:

The two properties now have identical valuations as it has been established that they are similar with respect to floor area and number of rooms.

Rents

The All Saints’ Centre continued to be used by a variety of different organisations and private parties. Rents received totalled £14,647 (£18,223 in 2021).

The Old Clergy House was occupied throughout the year. £7,925 was received in rent against expenses of £3,085.

The Verger’s House was occupied throughout the year. £9,405 was received in rent against expenses of £1,415.

Mission Giving

The PCC continued to support the work of the worldwide church by dedicating open plate cash collections at services to our Mission of the Month.

Donations to the Mission of the Month charities are underwritten by the PCC to guarantee that each charity receives a sum equal to 3% of All Saints’ previous year’s planned giving and associated gift aid.

Donations paid to charities totalled £9,241 (£12,639 in 2021) of which £45 was contributed from church funds to comply with the underwriting guarantee. £4,514 of this amount was collected at funerals and other events using the church and sent to their nominated charities.

McMahon Permanent Endowment Fund

Income from this fund was £567 which, together with the £593 held over from 2021, was used to pay £900 for the repair of the Reredos in the Church leaving £260 to be carried over into 2023.

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The Youth Project

The Youth Worker project income was £12,609 and the expenditure was £1,564 giving a surplus for the year of £11,045.

Legacies

Credit has been taken in the accounts for the amount of £132,500 from the legacy of Florence Muriel Atkinson.

Expenditure from the Legacies Fund in 2022 was £34,362 for the cost of the repair of the east wall of the Church, the provision of an electricity ring main in the west end of the Church, the decoration of the church centre, some of the costs of the Calvary Cross restoration, the church centre roof repairs and the provision of equipment storage sheds and fencing in the church centre.

Bank Balances and Reserves

Bank balances and cash at 31 December 2022 totalled £190,418 compared with £104,700 at the end of 2021. £119,818 is in the Legacies fund, £62,201 is held in the Gloria Smith fund that finances the Youth Worker project and £12,679 is held in other funds for particular purposes. The resulting cash deficit of £4,280 (reduced from a surplus of £27,007 in 2021) of the General Income fund, together with the £18,210 due from debtors, is used to meet the amount of £8,180 due to the creditors and to provide working capital.

The Legacy fund has increased from £57,327 in 2021 to £153,187 in 2022

Going Forward

The receipt of the £132,500 from the legacy of Mrs Atkinson has improved our overall financial position significantly. From this legacy there is a residue of funds so we may receive another £1,000 or so during 2023. We have also been notified of another legacy from the will of Mr Michael Ramsey Scott which should provide a sum of over £15,000 during 2023.

However, there are significant future costs already known about which have to be taken into account. The Church organ requires remedial works, the cost of which is estimated at £107,000. Also, the Parish Share has increased by about 5% to £117,000 per annum and will increase by another 5% during 2024.

The General Income fund is of considerable concern as it’s liquid reserves is a negative of £4,282 before taking into account the £18,210 due from debtors and the £8,180 due to the creditors. From January 2023, all of the Planned Giving and associated gift aid is to be allocated against the General Income fund instead of a portion being allocated to the Gloria Smith fund. This should cause a very gradual transfer from the totally overfunded Gloria Smith fund to the General Income fund by about £12,000 per year. However, the effect on the General Income fund will be reduced by about £5,500 due to the increase in the Parish Share.

The reduction in Planned Giving continues which is a major factor in the low level of the General Income fund. Planned Giving has been the backbone of All Saints’ income for many years and its reduction has to be at least halted and if possible reversed.

The future will be challenging, in particular to ensure that the General Income fund has sufficient liquid reserves for day-to-day expenditure.

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Acknowledgements

The PCC wish to express their gratitude for the generous legacies that have been received, to thank the many donors to the various appeals that have been made, and to pay tribute to all those members of the congregation who contribute regularly to the finances of All Saints or give of their time and talents to support its many activities.

On behalf of the Council

Andrew Shipton

Vicar, Chair of the Council 9 April 2023

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All Saints’ Church Gosforth

Independent Examiner's Report to the Trustees of All Saints’ Church, Gosforth Charity

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2022 which are set out on pages 15 to 26.

Responsibilities and basis of the report

As the charity’s trustees 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 charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I 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 charity as required by section 130 of the Act; or

  2. The accounts do not accord with those records; or

  3. The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Account and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

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.

Date 10 April 2023

D Bulmer BA(Hons) ACA For and on behalf of Haines Watts, Chartered Accountants

17 Queens Lane Newcastle Upon Tyne NE1 1RN

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All Saints' Church Gosforth

Statement of Financial Activities

For the year ended 31 December 2022
Income and Endowments
Note
Voluntary income
2(a)
Trading activities
2(b)
Income from charitable activities
2(c)
Other income
2(d)
Income from investments
2(e)
Total income and endowments
Expenditure
Raising funds
3(a)
Church activities
3(b)
Total expenditure
Net income / (expenditure) before investment gains
Net gains on investments
Net movement in funds
Gain on revaluation of fixed assets
Total funds brought forward at 1 January 2022
Total funds carried forward at 31 December 2022		 MacMahon
Permanent
Unrestricted
Restricted
Endowment
Total
funds
funds
fund
funds
£
£
£
£
269,574
36,496
-
306,070
31,977
-
-
31,977
13,081
3,413
-
16,494
1,052
484
-
1,536
2,214
567
-
2,781
317,898
40,960
-
358,858
5,676
631
-
6,307
228,373
22,576
-
250,949
234,049
23,207
-
257,256
83,849
17,753
-
101,602
(4,367)
-
(2,544)
(6,911)
79,482
17,753
(2,544)
94,691
35,000
-
-
35,000
544,455
57,127
21,614
623,196
658,937
74,880
19,070
752,887
2021
Total
funds
£
176,838
36,763
14,647
8,063
2,124
238,435
1,318
238,817
240,135
(1,700)
7,244
5,544
30,000
587,652
623,196

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Balance sheet as at 31 December 2022
2022 2022 2021 2021
Notes £ £ £ £
Fixed assets
Properties 6 500,000 465,000
Investments 7 52,439 58,375
552,439 523,375
Current assets
Debtors and other amounts
receivable 8 18,210 10,440
Bank balances and cash in hand 190,418 104,700
208,628 115,140
Creditors falling due within one year 9 8,180 15,319
Net current assets 200,448 99,821
Total assets less current liabilities 752,887 623,196
Net assets 752,887 623,196
Funds
Unrestricted - General Funds 10 166,465 86,983
Unrestricted - Revaluation Reserve 492,472 457,472
Restricted 10 74,880 57,127
MacMahon Permanent Endowment 10 19,070 21,614
Total funds 11 752,887 623,196

Approved by the Parochial Church Council on 9 April 2023 and signed on its behalf

Andrew Shipton

Vicar, Chair of the Council 9 April 2022

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1. Accounting Policies

Basis of financial statements and assessment of going concern

The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011, in accordance with the Church Accounting Regulations Act 2006 governing the individual accounts of PCCs, with the Regulations' "true and fair view" provisions and under FRS102 (2016) as the applicable accounting standards and the 2019 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102)).

The financial statements have been prepared under the historical cost convention except for investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Going concern

Having considered a period of at least 12 months from the date of approving these financial statements the trustees consider that there are no material uncertainties about All Saints' ability to continue as a going concern. Overall funds are still substantial despite having had significant costs, particularly for the Church decoration and lighting, Church bells refurbishment and the repair of the Church East Wall over the last 5 years.

Funds

Unrestricted or general funds are funds that are not subject to any restriction regarding their use and are available for application for the general purposes of the PCC. Funds designated for a particular purpose by the PCC are restricted funds.

Restricted funds are funds that are subject to specific trusts as to how they may be used, which may be declared by the donors, or on their authority (as in the case of a public appeal) but still within the objects of the Church. The aim and use of each restricted fund is set out in the notes to the financial statements.

Permanent endowment funds are restricted funds which represent monies or other assets given with the specific instruction that only the income from them may be spent and that the capital must be retained permanently.

Income and Endowments

Voluntary income

Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognised only when received. Income tax recoverable on Gift Aid donations is recognised when the donations are received. Legacies are accounted for as soon as the PCC is notified of its legal entitlement and the amount is quantifiable and its receipt is reasonably certain.

Trading activities

Rental income from the letting of church premises is recognised on an accruals basis when the Church is entitled to the rent.

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1. Accounting policies (continued)

Income from investments

Investment income is earned through holding assets for investment purposes. It includes dividends and interest. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend income is recognised as the charity’s right to receive payment is established.

Gains and losses on investments

Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on the revaluation of investments at the balance sheet date.

Expenditure

Church activities

The Diocesan Parish Share is accounted for when paid. All of the Parish Share due for 2022 was paid in 2022. Mission Giving and donations are accounted for when paid or when awarded if that award carries a binding obligation on the PCC.

All other expenditure is generally recognised when it is incurred and is accounted for gross.

Fixed assets

Consecrated land and buildings and movable church furnishings

Consecrated and beneficed property of any kind is excluded from the accounts by Chapter 2, Section 10 of the Charities Act 2011.

Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are accounted for as unalienable property unless consecrated. In the case of unalienable property acquired prior to 1 January 2001 there is insufficient information available and therefore such assets are not valued in the accounts.

All expenditure incurred during the year on consecrated or beneficed buildings, individual items under £2000, or the repair of moveable church furnishings acquired before 1 January 2001 is written off.

Other fixtures, fittings and office equipment

Equipment used within the church premises is normally depreciated on a straight line basis over three years. Individual items of equipment with a net cost of £2,000 or less are written off when the asset is acquired.

Houses

The Old Clergy and Verger's Houses are valued in the accounts as at the 31 December 2022 market value.

Investments

Investments are stated in the balance sheet at their market value on 31 December 2022.

Current assets

Amounts owing to the PCC at the balance sheet date in respect of fees, rents or other income are shown as debtors less a provision for any amounts which may prove uncollectable.

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1. Accounting policies (continued)

Pension fund

For elegible salaried employees All Saints participates in the Pension Builder Scheme section of the Church Workers Pension Fund (CWPF) for lay staff. CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets separately from those of the Employer and other particiating employers.

There are two sections in the Pension Builder Scheme, the Pension Builder Classic (PB Classic) and the Pension Builder 2014 which are both classed as defined benefit schemes. All Saints participates in the the PB Classic scheme.

There is no sub-division of assets between employers in each section of of the Pension Builder Scheme.

The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme's assets and liabilities to specific employers and means that contibutions are accounted for as if the Scheme were a defined contribtion scheme.

The PCC contributes 5% of basic salary and employees contribute a minimum of 3.5% of basic salary, 0.5% being for life insurance cover. The contributions in 2022 totalled £1,086 (2021 - £1,325) and there were no contributions outstanding at year end.

A valuation of the scheme is carried out once every three years. The most recent scheme valuation was carried out as at 31 December 2019. This showed a funding deficit of £4.8 million. At the most recent annual review, the Board chose to grant a discretionary bonus of 10.1% following improvements in the funding position. over 2021.

The legal structure of the scheme is such that if any another employer fails, All Saints could become responsible for paying a share of the failed employer's pension liablities.

All Saints had 2 active members and 0 deferred members in the PB Classic Scheme at 31 December 2022.

Reserves

Reserves are held to cover liabilities shown in the balance sheet, future projects and to meet unexpected demands. The trustees aim to maintain overall reserves of cash and investments at a level which equates to 3 months of average expenditure while maintaining a positive balance of cash in the General Income fund.

Cash flow statement

The PCC have taken advantage of the exemption conferred by FRS 102 to dispense with the requirement to prepare a cash flow statement as the income is less than £500,000.

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All Saints' Church Gosforth

Notes
2. Income and Endowments
2(a)Voluntary income
Planned giving
Donations
Income tax recoverable
Furlough
Legacies and gifts in memoriam
Grants
2(b)Trading activities
All Saints' Centre lettings
Rent of Old Clergy House
Rent of Verger's House
2(c) Income from charitable activities
Fundraising and other events
Fees
2(d)Other income
Costs recovered - expenses, insurance
claim and office charges
Subscriptions and travel costs recovered
2(e)Income from investments
Dividends
Bank interest received
Total income and endowments		 2022
Unrestricted
Youth
Other
Total
funds
project
funds
funds
£
£
£
£
90,429
9,932
-
100,361
17,593
-
13,900
31,493
28,052
2,193
585
30,830
-
-
-
-
132,500
-
-
132,500
1,000
-
9,886
10,886
269,574
12,125
24,371
306,070
14,647
-
-
14,647
7,925
-
-
7,925
9,405
-
-
9,405
31,977
-
-
31,977
7,386
-
2,403
9,789
5,695
-
1,010
6,705
13,081
-
3,413
16,494
1,052
-
-
1,052
-
484
-
484
1,052
484
-
1,536
975
-
567
1,542
1,239
-
-
1,239
2,214
-
567
2,781
317,898
12,609
28,351
358,858
Restricted funds		 2021
Total
funds
£
106,524
15,021
28,462
8,311
8,800
9,720
176,838
18,223
9,000
9,540
36,763
4,306
10,341
14,647
7,840
223
8,063
1,466
658
2,124
238,435

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All Saints' Church Gosforth

3.
Expenditure
3(a) Raising funds
Planned giving renewal expenses
Fundraising costs
3(b) Church activities
Ministry: Parish Share
Clergy housing costs
Clergy expenses
Church: Altar requisites, vestments etc
Cleaning, repairs and maintenance
Livestream
East wall repairs
West End electricity ring main
Light and heat
Insurance
Organist, choir, music etc
Centre: Cleaning, repairs and maintenance
Stonework pointing
Access path lighting
Dishwasher
Calvary Cross restoration
Calvary Cross security / Field drainage
Decoration of church centre hall etc
Centre Roof Repairs
Equipment Storage Sheds & Fencing
Insurance
Light and heat
Caretaker costs
Misc. Mission and education
Youth worker project
Old Clergy House expenses
Verger's House expenses
Church Office
Independent Examiners' costs
Mission Giving shortfall
Other costs
Total expenditure		 2022
Unrestricted
Restricted
Total
funds
funds
funds
£
£
£
-
-
-
5,676
631
6,307
5,676
631
6,307
111,505
-
111,505
5,617
-
5,617
1,332
-
1,332
1,492
-
1,492
372
900
1,272
-
-
-
20,353
3,752
24,105
2,645
2,810
5,455
4,009
-
4,009
7,561
-
7,561
7,080
1,464
8,544
13,340
-
13,340
-
-
-
-
-
-
-
-
-
1,652
-
1,652
-
11,166
11,166
6,552
-
6,552
960
-
960
2,200
-
2,200
2,029
-
2,029
3,498
-
3,498
7,364
-
7,364
1,221
63
1,284
-
1,564
1,564
3,085
-
3,085
1,415
-
1,415
18,780
-
18,780
1,094
-
1,094
45
-
45
3,172
857
4,029
228,373
22,576
250,949
234,049
23,207
257,256		 2021
Total
funds
£
-
1,318
1,318
111,505
4,109
1,213
1,170
3,200
8,496
-
-
3,049
7,286
4,524
22,837
16,320
2,742
3,128
-
-
-
-
-
1,953
4,439
7,217
892
8,140
3,188
1,267
17,145
1,084
995
2,918
238,817
240,135

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All Saints' Church Gosforth

4. Mission giving

The PCC continues to dedicate open plate collections to the Mission of the Month.

From
From
Total
Special
Church
paid
Collections
Funds
2022
£
£
£
Mission of the Month
January
Cedarwood Trust
403
-
403
Cedarwood Trust
February
Tyneside Welcomes
446
-
446
NIDAS
April
Church Mission Society
249
44
293
Church Mission Society
May
uS
385
-
385
uS
June
Cornerstone
441
-
441
Cornerstone
July
Mission to Seafarers
417
-
417
Mission to Seafarers
August
PCDC
476
-
476
PCDC
September
Northumbria Deaf Church
335
-
335
Northumbria Deaf Church
October
Walking With
464
-
464
Walking With
November
Shelter Box
324
-
324
Shelter Box
December
West End Refugee Service
329
-
329
West End Refugee Service
4,727
Other donations
Christingle
Children's Society
128
-
128
Children's Society
Shelter Box
572
-
572
Christians Against Poverty
Feeding Families
572
-
572
Destiny Streetworx
Christmas Day
Sabeel Jerusalem
344
-
344
Caritas Baby's Hospital
Other charities
2,897
-
2,897
Other charities
4,514
9,241
Friends of Murambinda
Hospital, Zimbabwe
414
Christmas Eve
Friends of Murambinda
Hospital, Zimbabwe
March
414
-		 Total
paid
2021
£
350
325
501
501
501
501
501
501
581
501
501
1,380
6,644
133
246
246
142
5,228
5,995
12,639

Note

The amounts listed above are considered to be direct income for the charities concerned and only pass through All Saints' bank account for recording purposes. Therefore these amounts are not included in either the income or the expenditure in these accounts. Any addition from church funds listed is included under miscellaneous expenditure.

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All Saints' Church Gosforth

5. Staff costs

Staff costs
Wages and salaries
Social security costs *
Pension costs
Organists' fees		 2022
2021
£
£
21,997
25,898
-
-
1,086
1,325
6,625
3,067
29,708
30,290

The PCC has employed a part-time administrator and a part-time caretaker throughout 2022. The Fees paid to organists are also shown.

6. Fixed assets

Properties at fair value At 1 Jan.
At 31 Dec.
2022
2022
£
£
£
465,000
35,000
500,000
Revaluation

The properties comprise the All Saints' Centre (previously called the Church Hall), which has been written off in previous years, and the two adjacent houses, the Verger's House and the Old Clergy House. The Verger's House and the Old Clergy House are both valued at £250,000 a review having established that the houses are similar with respect to floor area and number of rooms.

The title to the land on which the All Saints' Centre and the two houses are situated is vested in the Church Commissioners.

All office equipment is fully depreciated or, in the case of individual items costing less than £2000, written off on acquisition.

7. Investments

These comprise 2,538 shares (2021 - 2,493) in the Central Board of Finance of The Church of England Investment Fund and are stated at market value at the balance sheet date. Their cost was £16,169 (2021 - £15,194).

cost was £16,169 (2021 - £15,194).
Market value at 1 January 2022
Dividends reinvested
Unrealised gains
Market value at 31 December 2022		 £
58,375
975
(6,911)
52,439

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All Saints' Church Gosforth

8. Debtors and other amounts receivable

Debtors and other amounts receivable
Prepayments
Income tax recoverable
Other debtors		 2022
2021
£
£
7,462
1,543
3,923
3,584
6,825
5,313
18,210
10,440

9. Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Creditors for goods and services
Accruals
PAYE and national insurance contributions		 2022
2021
£
£
4,540
12,071
3,543
3,148
97
100
8,180
15,319

10. Analysis of net assets between funds

Fund balances at 31 December 2022 are represented by :

Properties
Office equipment
Investments
Net current assets		 MacMahon
Permanent
Unrestricted Restricted Endowment
Total
funds
funds
fund
funds
£
£
£
£
500,000
-
-
500,000
-
-
-
-
33,369
-
19,070
52,439
125,568
74,880
-
200,448
658,937
74,880
19,070
752,887

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All Saints' Church Gosforth

11. Statement of funds
Statement of funds Revaluation/
Balance Investment Balance
01-Jan-22 Income Expenditure gains 31-Dec-22
£ £
 £ £ £
Permanent endowment 21,614 - - (2,544) 19,070
Restricted Funds
Music development 588 665 1,011 - 242
Gloria Smith fund 51,156 12,609 1,564 - 62,201
Donations and fundraising for
specific purposes* 4,790 27,119 19,732 - 12,177
Income from Permanent Endowment 593 567 900 - 260
Total restricted funds 57,127 40,960 23,207 - 74,880
Unrestricted
General income
Properties 465,000 - - 35,000 500,000
Cash Deposits 22,128 183,309 199,687 - 5,750
Legacies fund 57,327 134,589 34,362 (4,367) 153,187
544,455 317,898 234,049 30,633 658,937
Total funds 623,196 358,858 257,256 28,089 752,887
* 5 Dormant items in the restricted fund which have unspent income as follows:
Café Church & Evolution publicity £106.10
Defibrilator purchase & installation £411.84
West End development £2,062.75
Kneeler cushions repair £141.00
Disabled facilities £88.00

have had the unspent income assigned towards the cost of the West End electricity ring main. This was voted upon by the PCC and received no objection from the Charities Commission.

MacMahon Permanent Endowment Fund

Under the Will of Alice Mary MacMahon, who died on 6 April 1966, this fund is held on trust to apply the income of the fund in the maintenance, repair and upkeep of the fabric of the church and the churchyard.

Gloria Smith Fund

This represents the monies raised less expenditure to date for the Youth Project.

Donations and fundraising for other specific purposes

This comprises donations, fundraising and grants for specific items such as the refurbishment of the Church and All Saints' Centre and its equipment.

Income from Permanent Endowment

Income from the MacMahon fund is credited to this fund. Costs in connection with maintenance as defined above are charged against it to the extent that the available income allows.

Music Development Fund

This provides funds for improvements to music for worship including the funding of an Organ Scholar.

25

All Saints' Church Gosforth

11. Statement of funds (continued)

Legacies Fund

Legacies are often accompanied by instructions as to the use of the monies. Alternatively an attempt may be made to match a legacy with the purchase of a specific item or the funding of specific expenditure that results in something of a permanent nature. The balance of the fund held represents the value of legacies and gifts in memoriam received without specific instructions as to their use. This is used for significant capital projects associated with the Church or Church Centre. 90% of the bank interest earned in 2022 has been allocated to the Legacies fund and 10% to the General Income fund.

The resulting position is as set out in the following table:

General Income fund.
The resulting position is as set out in the following table:
Properties
Investments
Net current assets		 Total
General
Legacies
unrestricted
income
fund
funds
£
£
£
500,000
-
500,000
-
33,369
33,369
5,750
119,818
125,568
505,750
153,187
658,937

12. Related party transactions

Expenses payable to the Revd Canon Andrew Shipton, the Revd Beverley Davies and the Revd Miriam Jones amounted to £1,272.

The Revd Canon Andrew Shipton has occupied a house attached to his appointment since September 2014. Costs borne by the PCC in connection with the Vicarage during 2022 totalled £4,087 The Revd Miriam Jones has occupied a house attached to her appointment as Curate since September 2022. Costs borne by the PCC in connection with her house during 2022 totalled £1,529. No allowances for expenses incurred in the course of work for the church were paid to any other member of the PCC during 2022.

26