2023-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Tynemouth Priory Holy Saviour, Tynemouth

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

		Page
Chanty information
Report ofthe Trustees'		3-6
Independent Examiners'	Report
Statement of Financial	Activities
Balance Sheet
Notes to the Financial Statements		10-15

Members	ofthe PCC are either ex	ofthe PCC are either ex	ofthe PCC are either ex	officio or elected by the Annual	officio or elected by the Annual	Church Meeting in accordance
the Church	Representation		Rules.
Incumbent:				The Revd Stephen	Dixon CA	(Appointed 7 October 2018)
Parish Administrator.				Vacant
Wardens:				Mrs Ruth Day		(Elected Apni 2023)
				Mrs Janice Torpy		(Re-elected April 2023)
Representatives		on	the Deanery Synod:
				Mrs Linda Benneworth		(Elected April 2023)
				Canon David Bilton		(Elected April 2023)
Elected Members:				Mrs Debbie Baird		(Re-elected 2022)
				Mr Michael Bayley		(Re-elected 2022)
				Mr Christopher Benneworth		(Re-elected 2022)
				Canon David Bilton		(Elected 2022)
				Mr Julian Brown		(Re-elected 2023)
				Mrs Carol Davison		(Re-elected 2023)
				Mr Euan Duff		(Elected 2021)
				Mr Paul Johnson		(Elected 2021)
				Mrs Elizabeth Parr		(Re-elected 2022)
				Mr John Pearce		(Co-opted 2023)
				Mrs Diane Crawford		(Co-opted 2023)
Other Officers:
Lay	Vice-Chairman			Mr Christopher Bennewoith		(Elected 2023)
Secretary				Mr John Pearce		(Elected 2023)
Treasurer				Mrs Diane Crawford		(Appointed November 2023)

			Unrestr'd	Restricted
		Notes
			Funds	Funds	Total 2023	Total 2022
					f	f
Incoming Resources
Voluntary Income		2(a)	90,006		90,006	79,677
Church Activities		2(b)	22,677		22,677	44,250
investment Income		2(c)	8,064		8,064	6,691
Other		2(d)	14,143	2,856	16,999	15,416
Total Incoming Resources			134,890	2,856	137,746	146,034
Resources Expended
Raising funds		3(a)	2,820		2,820	2,862
Church Activities		3(b)	115,149		115,149	134,684
Refurbishment Projects		3(c)		12,547	12,547	10,434
Total Resources Expended			117,969	12,547	130,516	147,980
Net surplus/(deficit) Investment Gains	before		16,921	(9,691)	7,230	(1,946)
Net unrealised Gains	on Investments		17,068		17,068	(40,449)
Net Movement in funds			33,989	(9,691)	24,298	(42,395)
Reconciliation offunds
Total Funds Brought	Forward		342,507	4,258	346,765	389,160
Total Funds Carried Forward			376,496	(5,433)	371,063	346,765

	2023	2022
	6	6
Fixed Assets
Investment Assets	306,117	291,870
Current Assets
Debtors and pre payments	8,951	11,066
Short term deposits	108	105
Cash at bank and in hand	60,951	47,574
	70,010	58,745
Current Liabilities
Amounts falling due within one year	(5,064)	(3,850)
Net current assets	64,946	54,895
Total Asset less current liabilities	371,063	346,765
Funds
Unrestricted funds
General funds	169,729	342,507
Designated funds	200,000
Restricted funds
Fish Quay Project	500
Music Group	834	834
Hall Refurbishment		3,424
	1,334	4,258
Total Funds	371,063	346,765

				Unrestr'd	Restricted
2	incoming Resources			Funds	Funds	2023	2022
							f
2(a)	Voluntary income
	Planned Giving:
	-Gift Aid donations			49,696		49,696	45,887
	-Income Tax recoverable			16,771		16,771	13,083
	-Other Planned Giving			4,746		4,746	4,256
	Collections (open	plate)	at all services	5,320		5,320	6,831
	Sundry Donations	(incl Gift Aided)					613
	Legacies			13,473		13,473	9,007
				90,006	-	90,006	79,677
2(b)	Church Activities
	Bookstall &Publications			106		106	88
	Letting Income			13,972		13,972	35,446
	Photocopying Income			5			53
	Fees for Weddings			8,594		8,594	8,663
				22,677		22,677	44,250
2(c)	Income from Investments
	Interest and Investment		Income	8,064		8,064	6,691
				8,064		8,064	6,691
2(d)	Other
	Magazine Sales 8 Advertising			2,255		2,255	2,070
	Fetes, bazaars &other events			4,638		4,638	4,757
	Other sundry income			6,438	2,856	9,294	8,067
	Grants			812		812	122
	Insurance Claims						400
				14,143	2,856	16,999	15,416
	Totallncome			134,890	2,856	137,746	146,034

3	Resources Expended					Funds Unrestr'd	Funds Restricted	2023	2022
						f		f	f
3(a) Raising Funds
	Investment Managers		costs			2,820			2,862
3(b) Church Activities
	Donations to Home	Mission						3,000	2,000
	&other Church Societies
	Donations - Grants
	Ministry - Diocesan Parish			Share		70,000		70,000	75,000
	Clergy Expenses					2,966		2,966	3,813
	Other Clergy Costs
	Church - Utilities					6,371		6,371	5,807
	Church —Running Expenses					2,430		2,430	2,637
	Church - Maintenance					442		442	2,035
	Church - Insurance					4,714		4,714	4,067
	Church - Photocopying					1,690		1,690	1,561
	Parish Magazine Costs &.Books					2,214		2,214	2,690
	Upkeep ofGarden
	Music Cost (including	Organists			Fees)	4,964		4,964	4,513
	Parish Hall - Utilities					6,162		6,162	10,128
	Parish Hall —Insurance					1,178		1,178	1,165
	Parish Hall - Cleaning	Costs				1,925		1,925	1,920
	Parish Hall - Repairs &Maintenance					1,109		1,109	99
	Parish Hall - Other Running			Costs		464		464	221
	Administrator's Salary								7,924
	Other Administration	Costs							723
	Church Fees					5,179		5,179	5,937
	Parish Centre					341		341	644
	Audit/Accountancy								1,800
						115,149		115,149	134,684
3(c)	Exceptional Item
	Refurbishment Projects						12,547	12,547	10,434
	Total Expenditure					117,969	12,547	130,516	147,980

				2024		2023
				E		f
4	Staff Costs
	Admin Wages (incl pension	costs)				8,646
	Vergers/Organists			4,964		4,513
	Employers National Insurance
				4,964		13,159
5	Fixed Assets - Investments
	Listed Investments
	Market Value at 1January			291,869		335,278
	Additions to investments	at	cost
	Disposals at carrying value			(6,141)	-	14,862
	Revaluation ofinvestments		to market value	17,068	—	40,449
	Market Value at 31December			302,796		279,967
	Cash held with investment	managers		3,320		11,904
				306,117		291,871
6	Debtors
	Income Tax Recoverable			6,320		2,793
	prepayments Ik accrued interest			2,631		8,273
				8,951		11,066
7	Creditors - amounts falling due	within one year
	Accruals			5,064		3,849

				Opening	Incoming	Outgoing	Investment	Closing
				Funds	Resource	Resources	Gains	Funds
				f	f	f	f
Unrestricted		Funds
General				342,507	134,890	317,969	17,068	176,496
Designated		Funds
Parish Hall	Project				200,000
Restricted	Funds
Fish Quay Fund					500			500
Music Group				834				834
Hall Refurbishment			Project	3,424	2,356	12,547		(6,767)
Total Funds				346,765	337,746	330,516	17,068	371,063

9 Analysis ofNet Assets by Funds	9 Analysis ofNet Assets by Funds	Unrestr'd Funds	Designat'd Funds	Restricted Funds	Total Funds
			f	f	f
Investment		106,117	200,000		306,117
Current	Assets	68,676		1,334	70,010
Current	Liabilities	(5,064)			(5,064)
		169,729	200,000	1,334	371,063