ANNUAL REPORT AND FINANCIAL STATEMENTS
For the year ended 31 December 2023
The Parochial Church Council of All Saints, Church, Gosforth
Registered Charity numbcr". 1131094

PAROCHIAL CHURCH COUNCIL OF ALL SAtNTS' CHURCH, GOSFORTH
Table ofConlep7ts
Page Number
Trustees Report
Independent Examiners Report
Statement of Financial Activities
Balance Sheet
io
Notes to the Financial Statement

PAROCHIAL CHURCH COUNCIL OF ALL SAINTS, CHURCH, GOSFORTH
Trustees Report for 2023
Aims and purposes
All Saints, Parochial Church Council IPCC) has the responsibility of ¢oop¢rating with the incumbent, the Reverend
Canon Andrew Shipton, in promoting the ecclesiastical parish, the whole mission of the chur¢h, past(Trral, evangelistic,
social and ecumenical. The PCC is also spe¢ifi¢alSy responsible for the maintenance of the Church, the Church Centre
and two properties adjacent to ihe Centre.
Objectives and activities
The PCC helps ste¢r the life of the church in its mission, witness and service in the parish. The PCC has responsibility
for the care of all the people in the parish and not just the people who go io the ehurch. It is also eommiited to enabling
a5 Tnany people as possible to worship at our church and to become part of our parish eommuniry ai All Saints. We aim
that through our worshtp, prayer, engaoemeni with the Bible and participation in the sacraments. we become a positive
force within the wider cotntnunity.
When planning our acÉivities, we have considered the Charity Commission's guidance on public benefit and, in particular,
the supplementary guidance on charities for the advancemenr of religion. Working together as a church we aTe pursuing
a vision io put All Saints ai the heart of the wider community. Our Yision is to be vibrant. inclusive. compassionate.
outward looking church with a sensitive and thoughtful approach to faith, where there is excellent pastOTal care with
encouragemeni for all. where diversity is welcomed, and our worship inspires us to transforni the world.
To facilitate this Work, it 15 important that w¢ maintain the fabri¢ of the church of All Saints and the Church Centre.
Achievements and performydnce
Throughout 2023, there persisted a collective endeavour to ty to respond to the call of God in a changing context
following the pandetnic and its aftermath. Considerable energy was devoted to maintaining our worshipping life and
upholding our commitment to fostering an outward looking, inclusive, nurturing, and ¢ngaged worshipping community.
As stated above, All Saints mission and ministry continu¢s to extend beyond the walls of the church to encompas5
everyone within the parish.
Worshipping Life
The PCC continue to offer a range of services during the week and over the course of the year that our community find
both beneficial and inspiring. On Sundays ai leasi three different services with addresses were held and all were
conveniently available for viewing on our yO￿TUbe channel.
In Autrjmn the PCC Away Day proved to be a productive gathering where key priorities were d1￿US5¢d, and actions
agreed upon. There was a consensus that the variety of worship formats, ¢x¢¢ut¢d well, align with th¢ vision of being
diverse. open. thoughrful, humble, kind, jusl. and g¢neTOUS.
All are welcorne to attend our regulaT services. At pres¢ni there are 214 p2rishion¢rs on th¢ ¢hur¢h ¢lectoral roll of which
106 are non-residenl. The average Sunday att¢ndan¢¢, counted in October, was 95 adults and 6 children, but this number
incTea5ed at festivals, and for ¢xampl¢ on Christtnas Eve, we w¢l¢om¢d 863 worshippers.
In response to fallino attendante of children at our 09.'30 Sunday service our Young Saints Group was suspended. This
Change prompted ihe introduction of the 'AII Together. monthly communion service. tailored for all age groups but with
a special focus on our younger ￿0p]e. actively involving them in various aspects of worship. Also. from the Autumn, in
preparation for the All Together Services, art classes in the Centre were provided foryoung people. In addition. a monthly
service for younger children was also offered in the Parish Centre as has a session for Christian Meditation.
Our devotional life was enriched by the Lent ¢OUTse and full programmes for Easter and Christma5. The thuwh ¢hoir ha5
gone from scrength to strength to enhance worship with the welcoming of n¢w members.
During the year there were fourteen church funeralslthanksgiving services, six s¢rvi¢e5 at the ¢rematoriurn without a
huwh service, and eleven services for th¢ burial of ashes. Additionally, there were two weddings and a thanksgiving for
a wedding. The baptisms of nine childr¢n were ¢¢l¢brdled.

PAROCHIAL CHURCH COUNCIL OF ALL SAINTS, CHURCH, CVOSFORTH
Ordination of Miriam io the Priesthood., On July Isi, Miriam was one of six ordained by Bishop Helen-Ann; a momenttsus
occasion shared with her family and friends. marking a significant ￿1]estOne on her journey. Sh¢ cel¢brated the Eu¢harist
for the firsi time on July 9
Rededication of ihe Calvary Cross.. March 26th marked a significant occasion for the worshipping and wider community
as Bishop Mark Wioe and guests were welcomed to commemorate the rededication of the Calvary Cros5 in the
Remembrance Garden. Heartfelt gratitude was expressed to all who generously supported this project, including the
Community Foundation and many private individuals.
Deanery SyThod
Four membeTS of the PCC sit on the Deanery Synod. This provides the PCC with an important link bthveen the parish
and the wider stwcture of the Church.
Pastoral Care and Fellowship
Members gf the clergy hav¢ visit¢d all chur¢h members who have r¢quested it. A PastOTal Care group have also kept in
touth with those unwell. Solne rnernbers of our parish are unable to attend church du¢ to Sickness or ag¢ and monthly
Home Communion was Provided to 6 people and visits to 2 care homes, also monthly, t(M)k place.
Fellowship lunehes. monthly on Sundays, in the Centre, provided valuable sUPPOrt to those on their own. The Monday
morning'coffee and Conversation, sessions and'sing at the Centre, Tuesday afternoon meetings continued to be popular
as did the 'Sew Knit and Natter group, on Wednesdays. The Mothers. Union, the Film Club and the All Saints Readitig
Group also met monthly.
Young people
Throughout the year, the Youth Fornm met to review progress and set objectives. Sadly. the Chil(tren and Young
Families, Youth Worker, Jaddai Kambeya, who worked for Youth for Christ, concluded his titne with us in July due to
relocation. Conversations wilh YFC (on how besi to work in parthership to engage young people in the parish) continued.
On July I Ith. Archbishop Runcie Firsi School held an aftemoon concert in churth (attended by many parents) which was
followed by an event on ihe Green specifically for Year 4 children from local schools who would be transitionin& in
September, from First io Middle School. To commemorate this significani milestone. they enjoyed an afternoon filled
with activities including a bouncy castle and pizza. Visits to Archbishop Runcie School continued twice weekly to lead
worship and off¢r music supporL
The ¢ver-popular Uniformed Groups continued to flourish, and a new Rainbow Group cotntnenced on Mondays,
complementing the Guides and Brownie5. The weekly pre-s¢hool 'Little Saints, group was also well supported.
Engag¢rnent with th¢ wider community
sUp￿)rt for a nominated charity each month was gladly continued likewise for the Kenton Food Bank. A group of church
members worked hard wiih'Tyneside Welcomes. to provide housing and care fora Syrian Refugee family. The All￿eSty
Group continued their monthly correspondence on behalf of those unjustly imprisoned.
In April, the first of four highly popular FaTm¢TS' Mark¢ts of the year t¢)ok place on the pathways around church. Visitors
to th¢ markets w¢r¢ ¢ntertain¢d by a wide rang¢ of vocal and instrumental groups and welcomed into church.
Following a spe¢ial commemorative servic¢ on May 71h for the Coronation of the Kin& a day of workshops led by church
members took plac¢. These session5 provided opp(Mtuniti¢s to explore new a¢tLVlti¢s and engage with those using the All
Saints Centre.
In August, very many were welcomed to the Green (for the third consecutive summer) when All Saints hosted the
'Handlebards' foi their unique rendition of 'A Midsutnmer Night's Dream,. Throughout the year, ten profrssional
classical music evening concerts were hosted in church.
In December the Christmas Fair was a tremendous success.

PAROCHIAL CHURCH COUNCIL OF ALL SAINTS, CFtURCH, GOSFORTH
Chureh cornmunity life
Very Sadly we lost several devoted church tnembers including Ronnie Robson, Meriol Penn, Ann Shaw, Jghn No￿ls,
Tony Arrnitage, Sonia Downing, Shelia Piper, Elizabeth Crawford, Ethel Randall, and Michael Fisher. Appreciations of
their lives appeared in our magazine, 'Keeping in Touch..
On Advent Sunday, gifts were given io retiring members Fred Carr, Vic Spong, and Margaret Patterson and grdtitude was
expressed for theÈT dedicated service. Meanwhile, Chris Bolland &8sumed the role of Treasurer. ensuring the smooth
transition and functionin8 of our financial affairs.
As always, ongoing sincere gratitude is Conveyed most notsbly io the clergy team. Churchwardens. Parish Administrator
and Caretaker. We would also like io thank all the volunteers who work so hard to make our church the lively and vibrant
community it is.
Bulldings and InfrAstructllre
During the year there were two developments of note.
A new drainage system to the church green was installed to incre8se acces5 gnd use for both the church and wider
¢ommunity. The total cost amounted to £23,676 of which related fundriising, mainly brought forward from last year
covered £10,381 with the balance paid fro￿ unrestricted funds.
A flood in ihe tower ringing chamber brought atx)ut water damage io the baptistry carpet. Fomjnately, we were covered
by insurdnce which paid for the replacemeni of all the carpet in the church at a cost of £29.113. The replacement carpet
will be laid in quarter one of 2024.
Financial Review
Total re¢¢iptS OD unrestri¢t¢d funds w¢re £243,732 of whi¢h £97,618 was unr¢stri¢ted plonned voluntary donations, and
a further £22,599 catne from related Gift Aid. Other voluntary donations including recovered income tsx amounted to
£15,277. During the year the PCC received two unrestricted legacies amounting to £22,929. In total, unrestricted
voluntary donations amounted 10 £158,423.
Rental income from the two residential properties adjacent io the Church Centre amounted to £20,398 which together
with Church Centre lettings. £14.533 and fundraising activities, £7,417 provided a fi￿￿er unrestricted income of£42.348.
F¢¢ in¢(Trme and income from inv¢stm¢nts amounted to £13,848.
Total expenditure charged against unrestricted funds amounted to £254,335. Our contribution to the diocesan parish
share increased by 50/0 to £117,00, the cost of the carpet replacement was £29,113 and the balance of the field drainage
System arnounted to £13.295.
OveTall. the PCC incurred a deficit (before investment gains) of £10,603 on unrestricted funds made up of a gain on the
Legacy Fund of £10,642 and a deficit on the General Fund of £21,245. This disappointing result followed a deficit on
the General Fund in 20?2 of £16,378 with the loss of regular planned giving donors and the dityiculty in raising ￿rtds
during the pandemic and its immediate aftemath were significant factors. In Quarter 4 an appeal was made asking
existing donors to review their giving levels and in Quarter l of 2024 this appeal will be extended to the wider community
of All Saints.
Our unrestricted ￿ndS comprise of a General Fund and a designated Legacy Fund arising out of l¢ga¢ie5 and gifts in
memoriam received and provides funds primarily for rnajor repair5 or capital projects aSs￿lated with the Church or
Church C¢ntr¢. In 2022, the PCC was the beneficiary of a legacy of £132,500 and in 2023 two further legacies totallÉng
£22,929 which significantly increased our Legacy Fund and our free reserves. At the same tiTne our Generdl Fund has
fallen sharply due to the deficits hiohliJo ted above 2nd while the PCC remain committed to maintaining a stronts Legacy
Fund il was decided to transfer £40,000 into the General Fund. Ov¢rall, the nei tnov¢ment on unrestri¢ted funds was an
outflow £7,418 to leave a balanee of £151.519 of which £113,958 is represented by net current assets.
The overall balance on restri¢ted fijnds fell by £16.805 and was largely accounted for by the completion of the field
drainage project. £9.681 and the cost of our youth work amounting to £7,292.

PAROCHIAL CHURCH COUNCIL OF ALL SAINTS, CHURCH, GOSFORTH
Reserves
It is PCC policy to try to maintain a balance on free or unrestricted reserves (net Current assets) which equates to at least
thr¢e months unrestricted payments. This is equivalent to £56,306. It is held to smooth out fluctuations in cash flow and
to med emergen¢ies. The balance of the free reseryes at the year-end was £113,958 which is significantly ahead of the
amgunt required to ¢omply with this policy. This 15 viewed as reasonable to cover the approved work to the organ in
2024 ai an estimated cost of £26,000 and the possibility of a further deficit on unre5tricied funds in 2024.
Invcstment Policy
Central to the PCC'S longer lem investment policy is to place funds in invesiments offering a good level of distributions
and long term protection from inflation. The PCC'S sole investment rests with The CBF Church of England Investment
Fund where the fijnd aims io pi-ovidt d luii(J.lei-iii tuldl Eelui-n coinpri511lQT (Ji-oiiih tn capiliil and disli ibutions. The PCC
CLirreiiil> Invests £i8.4?6 in ihis fund.
The PCC will from time to riine make shori tern) deposiis up io a Inaximum of Iwo }eai's wilh UK based banks authorised
by Ilie Prudeniial Reoulaiion Aiiihority and regulaied by Ihe Financial Conduct Auihorilj, and the PrLidential Reoulaiion
Authoriiy. As ai J I, Deceimber ?0? J Ilie PCC lield £60.000 wilh Cainbridge and Couniies Bank and £50,000 wilh Uniied
Trust Bank.
Structhre? 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 Power5 Measure. The PCC 15 a registered charity.
The method of appointment of PCC members is set out in the Church Representative Rules. At All Saints, the membership
of the PCC consists of the incumbent (our vicar), churchwardens. co-opted members appointed by the PCC and members
elected by those of the congregation who are on the electoral roll of All Saints. All those who attend our serviceslmembers
of the congregation are encouraged to register on the electoral roll and stand for election to the PCC.
The PCC members are responsible for making de¢isions on all matteTS of general concern and importance of the parish.
including deciding on how fund5 of the PCC are spent.
The PCC has nominated officers responsible for Health and Safety {including disability discrimination issues) and
Safeguarding (of children and vulnerable adults) who receive trainino and infomation from the diocese and cascade this
to the wider PCC as appropriate. These issues are standing items on the agenda of the PCC.
The full PCC met six times during the year with an average attendance of 73 /0. Given lis wide responsibilities the PCC
ha5 a number of committees dealing with a particular aspect of parish life as follows-.
The Standing Committee
The Fabric Committee
The Safeguarding Committee
The Standing Commiiiee comprises of the Vicar. Churchwardens, Lay Vice-chair, Treasurer, Seereiary and three
members of the PCC. The Standing Committee deals with routine operatÈonal issues, provides advsee and infomation to
the PCC and has the power to transact business of their behalf between its meetings.
Administrative information
All Saints, Church is situated in Gosforth, Newcastle upon Tyne. It is part of the Diocese of Newcastle within the Church
of England. The coryesponden¢e address is, All Saints, Parish Office, West Avenue, Gosforth. Newcastle upon Tyne.
NE3 4ES. Registered Charity number 1131094.
Advisors.. The Independent Examiners f(TrT the Annual R¢port and Accounts 2023 w¢re, Haines Watts, 17 Queens Street,
N¢wca5tle upon Tyne, NEI IRN.

PAROCHIAL CHURCH COUNCIL OF ALL SAfNTS' CHURCH, GOSFORTH
PCC members who have setved at any time from l January 2022 until the date of this rer4)rt are:
Ex officio members..
In¢umbeni
Wardens..
The Reverend Canon Andrew Shipton (chairnian)
Irs Christine Willoughby
Mr Nick Glover
Revd Dr Miriam Jone5
Assistant Curate
Observer
A5S1Stant Priest
Revd Ruth Bimie
Deanery Synod members".
Ms Diane Kirkup
Mrs Rosamund Place
Mrs Pamela Taylor
Elected Member5=
MT Peter Brown
Ms Ali50n Wilson
Dr Claudia Newbegin (until 30 April 2023)
Mrs Marian Coulson-cave
Mrs Feliciry Shoesrnith (until 30 ' April 2023)
Mrs Karen Parkhouse
Mrs Dorothy Henderson (until 28th May 2022)
Mrs Katie Hogg
Mrs Diana Lavin
Mrs Francine Bain
Mrs Pauline Gallacher
Mrs Valerie Hedley
Mr5 Joy¢¢ J¢nnings
Mrs Lesley Ogilvt¢
Mrs Dana Corso (from 30, April 2023)
Mr Robert Golden (from 30, Apiil 2023)
Co-opl¢d for one year..
Safeguarding Officer
Treasurer
Secreiary
M5 Kath Davies
Mr Fred ca￿ (until 5, Septelnber 2023) Chri5 Bolland lfrom 5 Seplember 20231
Dr AIL50n Charlewood
This report was approved by the PCC on 12 March 2024 and signed on th¢ir b¢half by..
Andrew Shipton
Vicar and Chair of the Council
281h April 2024

Independent Examiner's Report to the Trustees of The Parochial Church Council of All Saints,
Church, Gosforth
For the year ended 31 December 2023
I re￿)rt io the charity trustees on my examination of the accounts of the chariry for the year ended 31 December 2023
which are set out on pages 9 to 19.
Respon5ibilitie5 and basis of report
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the
Chariiies Act 2011 {'the 201 l Aci'}.
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 exatnination I have followed all the applicable Directions given by the Charity Commission under section
145(5)(bl of the Act.
Independent examiner's statement
I have eompleted Tny examination. I confirm that no material matters have come io rny attention in connection with the
examination giving me cause to believe that in any material respect..
accounting retords were nol kept in respect of the charity as required by section 130 of the Act. or
the accounts do not accord with ihose records; or
the accounts do not comply with ihe applicable requiremenis concerning the fom and Conieni of ￿0￿ntS set
out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement thai 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 matter5 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.
Haines Watts
Date
17 Queens Lane
Newcastle upon Tyne
NEI IRN
Chartered Accountants

PAROCHIAL CHURCH COUNCIL OF ALL SAtNTS' CHURCH, GOSFORTH
STATEMENT OF FINANCIAL ACTtVlTIES
For the year ending 31 Deccmber 2023
Unrestrict
Restricia Endowment
TOTAL
IDTAL
Funds
Funds
Funds
2023
2022
Noi¢
INCOME AND ENtX)WMETrt15
Voluntary irtcom¢
Activilies for EeneraiinE funds
Incoffl¢ from investtnenls
21al
21bl
21¢)
21dl
21el
158.423
42.348
1,300
760
159,723
43,108
5,318
9,100
29,113
306,070
41,766
2,781
8,385
,536
4,748
9.1 OQ
29.113
i70
Intome from church aciivities
(Xher incoming o50urtes
TofAL INCOME
243,732
2,630
246,362
360,538
EXPENtMTURE
Church activitie5
31al
31bl
251.925
2.410
19.460
35
271.385
2.445
252.629
6,3Q7
C05t of g¢neTating funds
TOTAL EXPENDtTURE
254J35
19,495
273,830
258,936
NEfiNC(MFJIEXPENDtIUREI
110,6031
116,8651
127,4681
101,602
Nct gainslllosscs) on investments
3,185
,795
4,980
NEfiNC(MEIIEXPENDtIUREI
17.4181
116,8651
1,795
122,488}
94,691
TRANSFERS BEnlEEN FUNDS
Gainslllosseslon revaluaiioÈJ of
fixed asseis
35.000
NEf MOVEMEFrr IN FUNDS
17.4181
116,8651
.795
122.4881
129.691
Total funds brought fon¥ard
658.937
74.880
19,070
752.887
623.196
Total fund5 carried fonvaTd
651.519
58.015
20.865
730.399
752.887

PAROCHIAL CHURCH COUNCIL OF ALL SAINTS, CHURCH, GOSFORTH
BALANCE SHEET AT 31 DECEMBER 2023
2023
2022
Not¢5
FIXED AssErs
TanBiblc
Investments
500.000
58,426
500.000
52,439
558,426
552,439
CURRENfASSE15
Dcbtors and prepaymcnts
Short-ltrm deposits
Cash at bank ond in hand
7.789
110,000
75,692
18,210
120,000
70.418
193,481
208,628
LIABILITIFS
Crditors- amounts falling du¢ witihitj one year
21,508
8,180
NEfCuRRENfASSET￿L[A8]LIT[Es
171.973
200.448
TOTAL ASSEfs IESS CURENT LIABILIIIES
730,399
752,887
Cr¢ditors- 8mount$ fallirtE due after one year
TOTALNET ASSErs
730,399
752,887
PARISH FUNDS
Unrestrirtcd
io&i I
651,519
658.937
Restrieted
io&i
58,015
74,880
Fndowment
io&ii
20,865
19.070
730,399
752,887
Approved by the Paroehial Church Council on 12th March 2024 and 5igtLed on its behalf by..
Andrew Shipton
Vicar and Chair of the Council
28th April 2024
io

PAROCHIAL CHURCH COUNCIL OF ALL SAINTS, CHURCH. GOSFORTH
NOTES TO THE FtNANCIAL STATEMENTS For the year ended 31 December 2023
l. Accounting Policies
The significant accounting policies applied in the preparation of these fjnancial staiemenis are set out below. These
policies have been consistently applied to all years presented unless otherwise stated.
Basks of finanel81 $tatements
The PCC 15 a public benefil entity within the meaning of FRS102. The financial statements have been prepared under
the Charities Act 2011 and in a¢cordan¢e with the Church Ac¢ouniing Regulations Act 2006 governing the individual
accounts of PCCS, wilh the Regulations true and faiT 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
Chariti¢s {SORPIFRS102)).
The finatjcial staternents have been prepared under the historical cost conventi(Trn except for investment assets, which ar¢
shown at market value. The financial statements inelude all transact10115, assets and liabilitie5 fgr whi¢h the PCC 15
responsible in law.
GoiThg Concern
The members of the PCC have prepared ihe financial statements on the basis that the PCC is a going concem. After
making reasonable enquiries, the members of the PCC do not cot)sider there are any material uncertainties about All
Saints, ability to continue for a period of at least 12 months from the date of approving these financial siatemenis.
Funds
Unrestricted fund5 are fund5 that are not subject to any restriction regarding their use and are available for application for
the general purposes of the PCC.
Restricted funds are ￿ndS held on specific trusts under chaiity law. The specific trusts may be declared by the donor
hen making the gift or may result from the ternis of an appeal for ￿nds. The aim and use of each restricted ￿nd is set
out in the notes to the financial statements.
Permanent endowment funds are restricted funds which Tepresent monies or otheT assets given with the specific instruction
thal only ihe in¢om¢ from th¢m may b¢ spent and that the capital must be retained permanently.
Incorne and Endowments
Voluntary income
Planned giving, collections and donations are recognised when received by or on behalf of rhe PCC. Income tax
recoverable on 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
R¢ntal income from the letting of chuTch premises is Tecognised on an accruals basis when the Church is entitled to the
Tent.
Income from investments
Investment income is eamed through holding assets for tnvesttnent purposes. It Èneludes dividends and intettst. Where
it is not practicable to identify investtnent tnanagement costs incurred within 8 scheme with reasonable #¢curacy the
investsnent income is reported net of these costs. It is tncluded when the amount can be measured reliably. Interest
income is recognised using the effetiive inieiest method and dividend income is recognised 8$ 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.

PAROCHIAL CHURCH COUNCIL OF ALL SAINTS, CHURCH, GOSFORTH
NOTES TO THE FfNANCIAL STATEMENTS For the year ended 31 December 2023 (continued)
l. Accounting Polieies {colltinued)
Expenditure
Chureh activities- The Diocesan Parish Share 15 accounted for when paid. Mission Giving and donation5 are accounted
foT when paid or when awarded if that award carries a binding obligation on the PCC. All other expenditure is generally
reco￿lsed when it is incurred and is accounted for gr05S.
Fixed assets
Consecrated and beneficed propety of any kind is excluded from the accounts by Chapter 2, Section 10 of fhe Charities
Act 201 l. Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which
require a faculry for disposal are accounted for as unalienable property unless consecrated. In the case of unalienable
property acquired prior to l January 2001 there is insufficient information available and therefore such assets are noi
valued in the accounts.
All expendtture incurred during the year on consecrated or beneficed building5.' individual items under £2(K)O. or the
repair of moveable ¢hur¢h furnishings acquired before l January 2001 is written off. ￿her fixtures, fittings and office
equipment Used within the church premises ar¢ normally depreciated on a straight-line basis over three years. Individual
items of equiprnent Wlth a net cgst of £2.000 or less are written off when the asset is acquired.
The properties are held at fair Yalue in the accounts. The most recent valuation was held at 2022.
Inyestmenis are stated in the balance sheei at their market value on 31 December 2023.
Currtnt avsets
Amounls 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 amount5 which may prove unwIl￿table.
Pension fund
All Saints participates in the Pension Builder Scheme section of the Church Workth5 Pension Fund (CWPF) for lay staff.
CWPF is administered by the Church of England Pensions Board. which holds the CWPF assecs separately from those of
All Saints and other participating employers.
CWPF has two sections, the Defined Benefits Scheme and the Pension Builder Scheme which has two subsections. a
deferred annuity section known as Pension Builder Classic, and a cash balance section known as Pension Builder 2014.
Pension Builder Scheme
Both sections of the Pension Builder Scheme are cla55ed as def]ned benefit schemes.
Pemsion Bmilder Classye provides a pertS￿on, accumulated from eontribution5 paid and Converted into a deferred annuity
during ernploytnent based on tem5 Set and reviewed by the Church of England Pensions Board from time to titne.
Discretionary increases may also be added, depending on investment returns and other factors.
Pellsioii Btsilder 2014 is a cash balance scheme that provides a lump sum which members use io provide benefits at
reiirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added
before retirement, depending on investment returns and other factors. The account. plus any bonuses declared is payable,
unreduced. from age 65.
There i5 no sub-division of assets b¢tw¢¢n employ¢r5 in ¢ach s¢ctlOD of the Pension BuildeT Scheme.
The 5eh¢rn¢ 15 ¢onsid¢r¢d to be a multi-¢mploy¢r sohem¢ as d¢scrib¢d in S¢ction 28 of FRS 102. This is be¢ause il i5 not
possible to attribute the Pension Builder Scheme's assets and liabilities to specific employers and m¢ans that contributions
are accounted for a5 if the Schem¢ were a defined contribution s¢h¢m¢. Th¢ p¢nsions ￿51$ charg¢d to the SOFA in the
year are the contributions payable12023.. £1,207, 2022.. £1,100).
12

PAROCHIAL CHURCH COUNCIL OF ALL SAtNTS' CHURCH, GOSFORTH
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 (continued)
l. Aceovnting Policies (continued)
A valuation of the Pension Builder Scheme i5 carried out once every three years. The m05t recent valuation was carried
out as at 31 December 2019.
For the Pension Builder Classic section, the 2019 valuation revealed a defieit of £4.8m on the ongoing assumptions used.
At the most recent annual review effective l January 2024, the Board chose to grant a discretionary bonus of 6.7 /0 to
both pensions not yet in payment and pensions in payrnent in respect of serviee prior to April 1997., and a bonus on
pensions in payment in respect of post April 2006 service so that the pension increase was 5Yo (where usually it would
be calculated based on inflation up to 2.59/0). This followed improvements in the funding positiott over 2023. There is
no requirement for deficit payments at the current time.
For the Pension Builder 2014 section, the 2019 valuation revealed a sU￿lUS of £5.5m on the ongoing assumptions used.
There is no requirement for deficii payments at the rU￿ent time.
The next valuation is due as at 31 December 2022. Calculations for this are CUTrently under way.
The legal 5trllctL]re of the 5cherne is such that if another ernployer fails, All Saints could bec4)me responsible for paying a
share of the failed employer'5 pension liabilities.
All Saints had two active members and no deferred members in ihe Pension Builder Classic Scheme ai 31 December
2023.
C#5h flow ststement
The PCC have iaken advantage of ihe exempiion conferred by FRS 102 to dispense with the requirement to prepare a
cash flow statement as the income is less than £500.000.
13

PAROCHIAL CHURCH COUNCIL OF ALL SAINTS, CHURCH, GOSFORTH
NOTES TO THE FfNANCIAL STATEMENTS For the year ended 31 December 2023 (continued)
2. IDcom¢ ¥nd endowments
Unr¢%trict
Restrict¢d Fndommeni
TOTAL
TOTAL
Funds
Funds
Funds
2023
2022
2{al Volulltary IncomÈ
Planned giving
(AheT donations
97.618
12.425
25.451
22,929
97.618
13,725
25.451
22.929
100.361
31,493
30,830
132,500
10,886
1,300
Tccovernbl¢
tKgaci¢5
(èant5
158,423
1,300
159.723
306,070
21bl Activities for generating fund5
Church Cenirc Itiiings
Property Icni&l income
Fundraising
14.533
14.533
20.398
8,177
14.647
17,530
9,789
20.398
7.417
760
42 J48
760
43.108
41,766
21¢) IhtothÈ from I￿V*stt￿tttts
Dividends on CCL4 Investment Fund
1.008
3.740
570
1.578
3,740
,542
1,239
Bank Interest
4,748
570
5,318
2,781
21dl Income from church activities
Fees for weddin85 and funerals
9,100
9,100
8.385
9,100
9.100
8.385
2(el Otber incoming resourcts
Ittsurdnce elaims
29.113
29,113
(hher Income
1.536
29,113
29.113
1.536
Totsl income
243.732
2,630
246 J62
360 J38
14

PAROCHIAL CHURCH COUNCIL OF ALL SAINTS, CHURCH, GOSFORTH
NOTES TO THE FINANCIAL STA TEMENTS For the year ended 31 December 2023 (continued)
3. Expellditure
Unrcsiricted
Resiricled Endowment
TOTAL T(YFAL
Funds
Fund5
Funds
2023
2022
3{al Church activities
Ministry
Diocesan parish share
I 17.000
117,000
Clergy and staffing
Clergy houstng aud expenses
Support staff
8.769
25,262
8.769
25262
6,888
23,083
Cburch
Altar requisit¢5 and v&4iments
Church running cxpens¢s'.
Cleaning and general maintenance
Energy costs
Insurance
Printing, statiortery, supplits
Oiher
Major r¢p31rs
Music lorgan, organisi, music)
1.739
1.739
.492
3.012
3.388
4,128
3,388
8,101
8,265
3231
29,113
8,688
1,271
4,009
7.561
4,783
3,989
29.560
8,545
8,265
29.113
8,446
242
Centre And Grounds
Cenire running COSIS
Major r¢pair5'.
Calvary Cross & fi¢ld drainage
Complcicd in 2022
16,722
16,722
19,013
13,295
10381
23,676
12.818
9,712
Assurance
lrtdependettt examination costs
Trustee training
1,094
Property related expenditure
Old eietgy and Vei8erHouse
4,498
4.498
4.500
Mission ind education
Youih Work
Mission and education
Mi5SLon giving stLOrtfall
7,607
7,607
1,564
1.197
45
65
63
251.925
19,460
27 1,385
252,629
31bl Co$t of gtlleratine fulld8
Stewardship costs
Fund rdisirtg ¢osts
2,410
35
2,445
6,307
2,410
35
2,445
6,307
TOTAL RESObTICES EXPENDED
254,335
19,495
273,830
258,936
15

PAROCHIAL CHURCH COUNCIL OF ALL SAINTS, CHURCH, GOSFORTH
NOTES TO THE FtNANCIAL STATEMENTS For the year ended 31 December 2023 (continued)
4. Mission giving
Ihe PCC continue5 to dedicate open plate collections to the chosen mission of the month
Special
Collections
Church
Toial
Funds
2023
Monthly dortAtions-
The Cedarwood Trnsi
458
458
Tyneside Welcomes
Friends of Muran]binda Htsspital. Zirnbabwe
Churrh Mission So¢i¢ty
369
369
432
432
471
471
338
338
Cornerstone
415
415
Mission to kafarer5
361
361
Prnctical Compa55ion for Destitut¢ Children
Linda Norgrove Foundation
Walking With
Feeding Families
West Fnd Refugee Service
523
523
479
479
467
467
382
382
214
66
280
4,909
66
4,975
Other don4tioMs
ChrisiinEIc
Chiistm&s Eve {c&rol servittsl
Chrisim&s Day
Other
250
250
1,186
242
242
3,598
3.598
5.276
5.276
Total foT 2023
10,185
66
10,251
Total for 2022
9.197
44
9.241
Notes
The aTnounts listed above are con5Ldered to be direct intotne for the charitie5 concerned and only pas5 through All Saints,
bank account for recording putposes. Therefore. these amounts are not rncluded in either the intome or the expenditure
in these accounts.
16

PAROCHIAL CHURCH COUNCIL OF ALL SA￿TS, CHURCH, GOSFORTH
NOTES TO THE FINANCIAL STATEMENTS For th¢ year end¢d 31 D¢¢emb¢r 2023 (continued)
5. Staff costs
2023
2022
Wages and salaries
Social security costs
Pcjjsion costs
24,055
21,997
1207
6.550
1,086
6,625
29.708
gartists, fees
31.812
Averagc numb¢T of ¢mploy¢¢s
The PCC employed one part-time administrator and one part-time caretaker throughout 2023. Fees paid to organists are
also shown.
6. Fixed a￿et$
At l Jan.
2023
Reyaluaiion
Ai31 Ikc.
2023
Propcrties ￿ fair valuc
500.000
500,000
The properties comprise the All Saints, Centre, which was 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
with both properties 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 otrice equipment is fully deprttiated or in the case of individual items cosiing less than £2.000. was written off on
acquisition.
7. Inves¢meDts
2023
Market value at l January 2023
Additions
52.439
1.008
UDrealised gains
Market value ai 3 1 tkcember 2023
4.979
58,426
These comprise 2,585 shares (2022- 2,5381 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 £17,177 {2022 £16,169).
17

PAROCHIAL CHURCH COUNCIL OF ALL SAINTS, CHURCH, GOSFORTH
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 {continued)
8. Debtors and other amounts recelvable
2023
2022
Prepaytnents
Income tax recoverable
2239
3.474
2,076
7,462
3.923
6.825
Other debtors
7.789
18.210
9. Creditors gnd other amounts falllng due within one yethr
2023
2022
Crediiors foigood$ and 5¢rvi¢¢s
A¢¢ruals
3.377
17,993
138
4,540
3,543
97
PAYL. and national insurance contributions
21.508
8,180
10 Summary of assets by fund
Endowments
Restricted Unttsiricied Unrestricted
Total
tzgacy
General
Investments
20.865
37,561
89,452
S8,426
171.973
Nel current assets
58,015
24,506
500.000
Properties
500,000
20,865
58,015
127,013
524,506
730,399
18

PAROCHIAL CHURCH COUNCIL OF ALL SAtNTS' CHURCH, GOSFORTH
NOTES TO THE FtNANCIAL STA TEMENTS For the year ended 31 December 2023 (continued)
I l. Statement of funds
Fund
balances
Incoming Ojigoing
Resources
r¢sourc¢s
TTansfers
between
funds
Gains and
losses
Fund
balances
cir
blf
Matmahon Fund
19,070
1,795
20,865
19,070
1,795
20,865
RESIRICTFDFUNDS
Gloria Smith (Youth Workl Fund
Calvary Cross & Field Trainage
Music Fund
62,201
9,681
242
315
17,607}
110,381)
12421
54.909
700
Flower Fund
104
io
Older Persons Activities
1,704
296
275
1,979
296
Church Christmas Lights
Farmers, Market
392
759
Income from permanent endowment
260
571
831
74.880
2.630
119.4951
58,015
Property
C¢neral Fund
500.000
5.750
153,187
50Q.000
24.506
219.795 (241,0391
23.937
113,2961
4Q.000
140,0001
Legary Fund
3,185
127,013
658.937
243.732 {254,3351
3,185
651.519
TOTALFUNDS
752.887
246,362 {273,8301
4,980
730,399
MacM8hon 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 fabrkc of the church and the churchyard.
Gloria Smith (Youth Work) Fund
This represents the monies raised less expenditure to date for youth work in the parish and comtnunity of All Saint5.
Old Persons Attivities
This represents funds forthe provision of social and pastoral care of older people within the parish and Com￿unity Of All
Saints.
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 in¢(Fme allows.
ikgacies Fund
This ￿nd is credited with the value of legacies and gift5 in metnoriam received with or without spe¢ifi¢ instru¢tions as to
their use and provides fijnds primarily for major repairs or capital projects a550ciat¢d with th¢ ChU￿h or Church Centre.
19

PAROCHIAL CHURCH COtrNCIL OF ALL SAfNTS' CHURCH, GOSFORTH
NOTES TO THE FtNANCIAL STATEMENTS For th¢ year ended 31 December 2023 (continued)
12. Related Party Transactions
Expenses payable to the Revd Canon Andrew Shipton and the Revd Miriam Jones amounted 10 £2,029. 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 2023 totalled £4.236. The Revd Miriam Jones has occupied a house attached to h¢r
appointment as Curate since September 2022. Cosis borne by the PCC in connection with her house during 2023 totall¢d
£2,504. No allowances for expenses incurred in the course of work for the church were paid to any other tnember of the
PCC duTing 2023.
20