Registered Charity Number.. 1131532 THE PAROCHIAL CHURCH COUNCIL OF MONKSEATON ST MARY ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31sf DECEMBER 2022
Contents Page Annual Report Independent Examiners Report Statement of Financial Activities 8alance Sheet Notes to the Flnanclal Statements 6 Detailed Statement5 Of Financial Activities Page 7 does rt fomi part of thestatutorya¢¢ounts45 regulred tyth¢Ch•rltles Re8vIaonS
I- PCC memberfi Ithe Trustee51 present their d,. )22 hvhich complies wilh tlie Church Accounling I 4#commended Practice. report and accounts for the year ended 3151 December ..iions 2006 and the Charity Commission'5 Statement of Administrative Information. T ne Ecilesièstical Parish of Monkseaton St Mary the Virgin Is è L.,, nsisting of the St. Mary the Virgin, 1onkseaton in the Archdeaconary of NorthiJn)berland in the Dlocts) (Tr, v."a%tle within the Church of England The correspondence address is.. The Parish Olfice, St Mary's i-. I I r".$ i IArèmont Road, Whitley Bay, NE26 3SF. Tel No.. 01916767798. email'.office@stm3rysmonkseaton or8.uk The Parochial Church Council IPCC) registered as a charity on 7 September 2009. TII.. 15 1131532. "f. I rliarity number PCC members whr> hav? Served frorn ISI Januafy 2022 to thè date ihis report was approved are.. Ex Oflicio Members Vicar Priest Assistant Ciirate Licensed Lay Mlnister (LLMI Training LLM Warden Warden and P50 Reverend Nigel Taylor (Appoinled 16, November 2022 Reveiend Clare Connors (Reiired March 20221 Revefpfbd B6*njamin larvis Nicola Denyer Margaret Evans Carol Nesbilt Susan Johnson Deanery Synod Representstives Nicola Denyer John Appleby Vacancy Elerted PCC Member5 Chair Secretary and Electoral Roll officer Treasurer Elizabeth Hayes Grate Morgan Andrew Potter Marion Oakes David Tompkins Carole Lax Pam Miller Cheryl Savage John Applebv Imogen Potter Page i
Numbers on electoral roll: St DAary Monkseaton 2022 115 114 Structure Governance and Management The PCC is a corporate body estab115hed by the Church ol England. The ri I" (s..J1 4ies under the Parochial Church Council Powers Measure. The PCC is a Registered Charity. The method of appointment of pcc members is set out in the Church Represeni<ili.' rhe membership of the PCC consists of the incumbent, churchwardens and members elecled by those iii£.rii£". If4 1 I the congregation who are on the elecEoral roll of the church All those who atiend our services/member% r., I,, '4regation are encouraged to register on the Electoral Roll and stand for election to the PCC. The PCC members are responsible for making decisions on all matters of general concern and Imi, parish including deciding on how the funds of the PCC are lo be spent. tn the The PCC is supported by a Standing Committee and six committee5 focusing on key areas.. Finance Service Planning Group Welcome 3nd integration and Caring Group Building and Resource Group Justice and Peace Safeguarding The PCC is aware of its duly to have due regard to the House of Bishops, guidance on safeguarding children and vulnerable adults. From 2017 the PCC has used the "Safeguarding Toolkit" provided by the diocese as a way of self-assessment, to seek to ensure it fulfils that duty The PCC continues to comply with the duty to have "due regard" lo the House of Bishops. guidance in relation to safeguardin8 Volunteers The running of St Mary Monkseaton is rellant on our volunreers. We would like to thank all the volunteers, clergy with 'permission to officiate. and Licensed Lay Ministers who support the parish vision to take the Good News of Jesus Christ to those who choose to hear it and work so hard to make our church the lively and vibrant communityit is. Risk Assessment The PCC regularly review the risks to which the Council might be exposed and recommend action to mitigate these or to manage the risk appropriately The PCC reviews its Child Protection and Health and Safety policies on an annual basis. Financial risks are regularly reviewed, and a risk register 15 in the process of being developed. Through the pandemic a COVID 19 risk assessment has been revielved and updated on a regular basis. Page li
Objectives and Activities The PCC 15 committed to being inclusive and enabling clS,- ¥ Deople as possible to worship at our church and lo become part of our parish comynunity. The PCC maintaip . dii tivprview of worship throughout the parish arid makes suggestions on how our services can be inclusive and inv." IhÉ many groups that live within our parish. Our services and worship put faith Into practice through prayer ari l &."t Irrijrp. music and sacrament. When plannin8 our activities foi the year, we have considered the Ci.. Etjidance on public benefit and, in particular, Ihe supplementary guidance orb charities for the advanceii. '.IRI')n. In particular, we try to enable ordinary people to live out their faith as part of our parish commiJii..I Accessible Worship and prayer,. learning about the gospel,. and developiltlF tri¥&if wiinwledge and trust in Jesus Provision of pastoral care for congregation members and pèople livin8 in the 11-11 1¢ Missionary and outreach work within the parish. Working ecumenlcally Supporting local schools Supporting social justice campaigns. To facilitate th15 work, it is important that we maintain the fabric of the church building8 within the parill., I community use. Staff Estsblishment Clergy: Ftsllowing 3 clergy vacancy. a new incumbent Wa5 appointed and inducted on 16, November 2022. The Assistant Curate has supported the parish during the vacancy. Admlni5tration: The PCC employs a paid Parish Administrator for IS hours per week. Si Mary the Virgin Monkseaton PCC has the responsibility of co-operating with the Clergy in promoting ministry and mission in the Parish. It also has maintenance responsibilities for the church buildings. Each Sunday, two Services are held where the Eucharist is celebrated and every Wednesday a morning celebration of the Eucharist is held. The PCC ensure all major festivals are celebraied. Social Action The PCC are keen to encourage social action in the parish and are running a very successful Toddler group which supports parents and toddlers in maintaining social links ènd social developmenl of the children It 3150 holds a monthly 'OWLS' group for the development of older people's spirituality and social interaction. These are both foundations for future social action developments. In addition, the parish supports charities locally. nationally and internationally and has an active 'Eco plan, as a key element of its worship and work. Page iii
Achievements and Performance The Parish has made good progress de5pile the pander)iii.-.)i'.Lond and third waves io mainlain its worshipping communities both live and through 'live streaming.. Regulitl I IP.w> Of the COVID K15k assessment in line with Government guidance have assured the safety of congregatioii.. . Tr.Irish has been In vacancy bul was successful in appointing a new incumbent In july 2022 who was dltli li1S.Jli-.,'l and inducted on 16 November 2022, Financial Review Total receipts on unrestricted funds were £139.64612021". £137.2731 and are Ll-., . statements. £197,92712021-. £ 139.6911 was Spent to provide Christian Ministry including the conii Il114liiJn IL) I he diocesan parish share of £75,000. Total receipts on restricted funds were £48,890 and are detailed In the fi'nancial statements. L4 ry ...'"li ivas spent out of restricted funds, on the 'church grounds project. The principal fundin8 Sources are voluntary contribution5 from Ihose attending church in the par15ti Reserve5 Policy The PCC reserves policy is reviewed on an annual basis and is based on maintaining 6 months running c05ts , a contingency for emergencies. The total free reserves for these purposes should not fall below £30,000. Page iv
Indcpen
Parish ol St MaryTheVirgin Monkseaton StatenidS¥l' Ot finaneial activities Forthe year ended 31 December 2022 Note tricted Unrestricted 2022 Total 2022 Total 2021 Incoming resourcgs Voluntsry income Activities for gen8raling lunds Investment income Incoming resoufces from church actyvities. Total incomlng resources SU., ..07.379 401 158.269 12,401 1,282 22.061 194,013 113.008 9,798 60 14.407 137,273 50.890 Resourcgs expended Costs of generating funds Church Aclivi1188 Support Costs 4,030 186.820 11,881 4,011 735 $0.890 11,881 Total resources expended 50,890 202.731 253,141 Not incomellexpendlturo) for year {59,6081 159,6081 12,41a, Tran8f•r betwoén funds 10 1.131 {1.1311 Total funds brought forward 4,272 136.615 140,887 143,305 Total funds carrfed forward 5,403 75876 81,259 140,887 Page 2
Parish of St Mary The Virgln Monkseatoi.. BALANCE SHEET as at 31st December 2022 2022 2021 Note CURRENT ASSETS Short term deposits Concert current account Planned Giving account Cash al bank Deblors 51.485 4.539 1,416 24.984 982 83,406 120,Ok(b 2.783 1.360 17.996 142.167 CREDITORS:Amounts falling due wlthln one year 2.127 1,280 NET CURRENT ASSETSIILIABILITIESI 81,279 140.887 TOTAL NET ASSETS FUNDS Restricted uns1Cted 10 5.403 4,272 136615 140 887 The financial statements were approved by the trustees on ththe April 2023 and signed on their behalf by.. Chair Treasurer Page 3
Parish of StMaryTheVir8in MonkseatO• 14otes t• financi31 statements Fortheye31 ended 31 December2022 ACCOUNTING POLICIES 8aslsof preparatio Th8 PCC Is a public b8nefil entiiy within the rreaning of FRS102 TI.- i.. cirypial 5tatemenls have been pr8pared underthe CharytiesAcl 2011 and the Church Accounting R&gulalions 21J. I dc¢or¢Jance with 8ppli¢able standards and the curr8nl Slaleftienl of Recommendea Piactice Accounting RLI rhe financial 8talemenis have been prepalj under the hisloncal tosl conv&i.'Ii y l)¥. Charilos SORP IFRS1021. I Ini liide all l¥ansactions, assats and Iiabilits8s lor v1hh the PCC is rèsponsible in law. FundsaccounlinE Funds held by the PCC ar8.. Restrlcredfurtds whlchcan only be used lorthe purpose$spe¢ified tythedofior151 Urtrestnttedlunds-Generolfvrtds which can be used for PCC ordinarypurp05es D&signètedl£inds-part of the unieslricled fvnd5 Ihal the PCC has dèsignalg¢Y foi B partswl8r purk)(>!. In<amlnB re50urce5 All incorning resoufces ar8 included In Ihe slalemenl vi financial activities w*en tha ¢hur¢h is entillod to income and lh& amoLJnl can bo qvanlffled wrth reasonable acraCY The following spe¢ifi¢ policies are applie(J to particular categories ol Income. Collections are recogn13ed whtsn received by. or on behaifof. the PCC Plannod giving recelvable undèr Gift Aid Is recognised only wh8n re¢eive¢J. Income 18x recoverable on Gift "d donaiions is recognised when th8 IBX reluoo 15 receive¢. Funds raised by the Autumn F3ir and sirnilai evenis and by sales a r8CO9nised gross. Grants and legacles to the PCC aro accounted for as soon as the PCC is nolifieo of ils legal enlillemenl, the amount due Is qJanlifiable and its re¢eipt by Ihe PCC 1$ r&88onably certain. Income Irom Investmen15 13 Incltsdfrd in thè yearin which 1115 rocgivabb. ResouF¢ès expended Expendltuie Is recognl¥ed on an ae¢ru818 basis 88 8 Iiabilily is incurred. Grant$ and donations are acu19d foiwh•n pawj ov•r or when awarded. ifthat award becom•s a binding obligatson on the PCC Tan£lble Flxed assets Consecraièd and bgneficod propèrty ol any kint11s 8xelvded Irom the Flnancial ¥181om•nts by S1012la ol the Chèrilies Act 2011. Moveable Church lumishings held by Ihe Vicar and Chuwarden5 on 6p¢cial trust for tha PCC. and which require 8 faculty for disposal. are inalienable property listed In th• Churth's Invontory that can be inspected by 8rrongtsm$nt. All experbdilure incurred in the year on consecraie¢J or beneficed buiklings Is wriiion off In Ihg yèar of axpgnditure. Tht Cost of 811 fixlures. fftiings or office eQUMnI is wrillen off in th8 y8ar of aCqlSl10n. Page 4
Parish of St Mary The Virgin Monkseatori ' f inancial statements For the year ended 31 December 2022 -.< to Voluntary Income ResLI. Unrestricte Total 2022 Total 2021 Planned giwng Planned giving Income Tax recoverable Legacies Donations, appeals etc 74.966 16,650 78,663 17,749 250 16,346 113.008 ', (i f,50 50.890 50.890 66.653 158 3.69 107.379 Actlvlties for generaling funds Autumn Fair Concert Seri8s and fundraising events 5.259 7,142 12,401 4.996 7.14 12,401 Investment income Bank interest received 1,282 1,282 Incoming resources from church a¢tlvllles Church hall revenue Fees from pastoral seNices Votive candles 16,120 5.746 195 22,061 16,120 5,746 195 22.061 8.095 6,122 190 14,407 Current asset Investments CBFC Mission Opportunities A¢Unt CBFC Quinquennial Fund Shared Interest Share Account 2022 32,784 13,696 5,005 51,485 2021 100,647 14,381 5,000 120,028 CREDITORS:Amounts falling duo within one year 2022 2021 Accruals: Lighl, heat and water Donations Payable Independent Examiner 800 800 480 2,127 480 1.280 Page 5
Parlsh of St MaryThe Virgin MonliN:'"lon Notes to financial statements Forthe yeai ended 31 December 2022 Analysis of n8t assets botwegn funds Fund balances al 31 December 2022 as represented by.. N81 current assets Unrestrlcted Restrlcted Total 76.356 5.403 81.759 Unrestricted funds At1Jan 2022 Incoming resources tiulgoii)g Transfers At 31 Dec resoLII Lt'- 2022 Geneol fund Deslgnated Funds.. Mission Opportunitres fvnd Quinquennial Fund Shared Interest Total unrgstrictgd funds 20.859 141.822 (202.25 1 1 ti':i,844 30.274 96.375 14.381 5.000 136.615 1.075 221 17Q f,'EOI 27.381 143,123 1202.2511 10. Réstrlcttd funds At1Jan 2022 1.000 In¢omlng re$ourcg$ Outgoing Transfer$ At 310L, res0C0S 2022 Sound Syilem Improvemenls Grounds Project Se,"'èrs robes Paschal candles YES Jooklels Organ appeal Godly Play Total restrictad 100 50.890 (50.8901 131 310 239 2.592 13". 31C 1031 1.131 1.03, 4.272 50.890 {50.890} 11. Charltable Glvlng North East Homeless Walklng Wllh Church Aclion'on Poverty Unicef Total 1,440 667 667 667 3,441 From time to time the Parish collects moneyfor a specific PLtrpose orcharity and these funds are passed direct to the relevant charity Page 6
Parish of St Mari The Vir¥tTr Monk>t0 the yeJr endcd 31 December 2022 2022 1022 ID22 1021 In¢oming r•¥ource$ Incomlt)g resourc•¥ from 96n•r•tlng lunds". Volunl8ry In¢om8 PLqnned 9IVln9 Incorne Tax recoverab L¢gacies Oonatsons. 8ppaèls and coOecVons 74.966 16.650 1.QOO 14,763 107.379 7R $63 50.8 50.89) 85.653 101gener8ling fund Autumn Falr Conc•rtSeFiei Ènd lundrak8ing gvgnts 5.259 7.142 12.401 5.259 7.142 12.401 480£ 9.798 Inv88lmont Incorno Bènk Inl•r•s1 1.282 1.282 Totil f••ourc•• Irom g•ty•r&tlng lund• 121.062 171.952 122.868 Incomlng r••ourcea from church a¢lJvlli$ Church hall revpnutt Ffj95 fiLYD pa&iornI Se¢0& Volwe undk18 16,120 5.746 16.120 5.746 8.09S 6 122 22.(K$1 22,061 14.407 50.8¥Y) 143.123 194.013 13T.273 Ro•gurcq# •xptrnd•d ¢o•t8 of g•n•ratlrs9 lund•'. LKences Casts ol concen #•rfos hJDdi8l¥lng •¥•nt Autumn Faif oxpens•s 3.081 3.1 69 4.03C 2960 20 4.011 4.Q3• ¢hurch A¢Uvlll•• Donalhns 9N Nol• 11 Conlribubort to formlnlBtyand olhw cos15 Ipansn sharel Minwlry- Cl•rgy to•t8 Church and church hall Nnnlng rK Gfound$ Prolecl Organ Quinqugnni81 Rèpairs" Cost ol paslor•l serw¢81 Musk proWs4on ProhlOn31 leos. Ind8p8nd6tst8X8minw 3.441 3.441 75.1)OQ 9.345 19.152 69.411 75.000 9.345 19,152 120.301 75.DOO 7.642 22.015 6960 89$ 4.604 4.012 895 4.604 4.012 3.413 44( 1.685 Total chur¢h •etivlli•i •xp•ndlturn 186,820 237.710 125,735 Support Costs Olfi¢t expenses Total sttppart Costs 11.881 11,881 11.881 9,945 9.945 Total rèsources exynde 50.890 202.731 253.621 139.691 •t Incomlng loutgoln91 r•$ourc•5 forth• y•*r 159.6081 159.60BI Transfers b•lweèn tund5 •i movement lor the y$ar 160.7391 159,6081 Page 7