**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY** **Registered Charity number 136055** **ANNUAL REPORT AND ACCOUNTS YEAR ENDED 31 DECEMBER 2022** |**CONTENTS:**|| |---|---| |**Trustees' Report**|**pp 1-6**| |**Accounts**|**pp 7-17**| |**Independent Examiner's Report**|**p18**| ## **Trustees' Report 2022** ## **Preamble** The Priory Church of St Mary Bridlington will be referred to hereafter as “Bridlington Priory“ or “the Priory”. The Ecclesiastical Parish of Bridlington St Mary will be referred to hereafter as “the Priory parish”. The Parochial Church Council of the Ecclesiastical Parish of Bridlington St Mary will be referred to hereafter as “the PCC”. ## **Aims and Purposes** The PCC's primary object is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. It has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. From January to August 2022 the incumbent was Revd Matthew Pollard. From September to December (Vacancy) the PCC co-operated with Archdeacon Andy Broom. The PCC is specifically responsible for the maintenance of the Priory and the Church Rooms complex at Church Green, Bridlington, YO16 7JX. ## **Objectives and Activities** The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at Bridlington Priory. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer and scripture, music and sacrament. When planning our activities for the year, the incumbent and the PCC have considered the Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our parish community through: - Worship and prayer; learning about the Gospel; and developing their knowledge and trust in Jesus. - Provision of pastoral care for people living in the parish. - Missionary and outreach work. To facilitate this work it is important that we maintain the fabric of the Priory and the Church Rooms. 1 ## **Trustees' Report 2022** ## **Achievements and Performance** _Worship and Prayer_ Three services are held in the Priory on Sundays; 8:00am Holy Communion (BCP), 10:30am Principal Service, and 6:30pm Evensong. The Principal Service takes the form of a Family Service on the first Sunday of the month, Matins on the third and Celebration of the Eucharist on the second, fourth and fifth where applicable. On the third Sunday the 6:30pm Service is Sung Eucharist. The robed choir and organist make a significant contribution in the English Choral Tradition at the 10:30am and 6:30pm services. The Principal Service is streamed live on the Friends of Bridlington Priory's Facebook page, a practice begun during Covid lockdown and carried on for the benefit of those unable to attend in person. During 2022 Morning Prayer was said each day at 8:30am from Monday to Saturday. A Messy Church Service is held once per month on Friday afternoons, with an average attendance of about 10 adults and 15 children. Volunteers from the congregation stream prayers on the Facebook page at midday and 6pm each weekday, and the Associate Minister streams a Reflection fortnightly on Sunday afternoons. All are welcome to attend our regular services. At present there are 168 parishioners on the Church Electoral Roll. Seven names were removed during the year through death and one due to moving away from the parish. The average weekly attendance, counted during October, was 105. As well as our regular services, we enable our community to celebrate and thank God at the milestones of the journey through life. Through baptism we thank God for the gift of life, in marriage public vows are exchanged with God’s blessing and through funeral services friends and family express their grief and give thanks for the life which is now complete in this world and to commend the person into God's keeping. We have celebrated 34 baptisms and 15 weddings and held 36 funerals in our church this year. The Priory continued to play the role of civic church, welcoming the RNLI to the annual Great Gale service in February, holding a Falklands Memorial service in April, the late Queen's Platinum Jubilee service in June and the Mayor's service in September. In May a special service was held in memory of ex-treasurer Robin Sharpe, postponed from 2021 due to lockdown. Several local schools used the Priory for their Christmas concerts. ## _Pastoral Care_ The Priory's contribution to the local community is not confined to religious services. In February the Education Department at East Riding of Yorkshire Council started using the church on weekdays for one-to-one tuition of special needs children (from which the Priory received a fee). From January to April the Hinge Centre held after-school circuit training for 5 to 10 year olds in the Priory Rooms. For the greater part of the year, once lockdown was eased, the Rooms were in almost constant use in weekdays from 9am to 8 or 9pm. 2 ## **Trustees' Report 2022** The users were local groups with varying levels of attachment to the church, including uniformed youth organisations. Only two groups were charged for hire. The Rooms are therefore part of the Priory's giving to the parish. In October our weekly Luncheon Club was re-launched with the voluntary help of a professional caterer. This has proved very popular over the years especially with elderly and isolated people. An active Pastoral Care Team continued to meet during the year. Their activities involved regular phone calls to congregation members who could not attend Church, visits and the taking of Home Communion to congregation members, visits to hospital and general pastoral support. ## _Deanery Synod_ Three members of the PCC sat on the deanery synod during 2022. This provides the PCC with an important link between the Priory parish and the wider structures of the church. This year the PCC has also focused its attention on the deanery's “Living Christ's Story” initiative which will result in parish boundary changes causing the Priory parish to be enlarged. ## _Mission and Evangelism_ Clergy normally take the Eucharist to local homes for the elderly although this remained suspended in 2022 as the homes still had anti-Covid precautions in place. Clergy also lead assemblies in local schools, usually once or twice per term. Many of the Priory congregation contribute money and time to the Deanery's Hope Housing scheme which provides housing for men who would otherwise be homeless. A Chat-and-Craft group knits woollen clothing and toys which are blessed in church and donated to local organisations. Messy Church, mentioned above under Worship and Prayer, is seen as a significant part of the Priory's mission. A simple tea-time meal is included. During the year the Priory hosted a number of concerts and open days with refreshments. In May and November the Bridlington-based Remarkable Rock choir and musicians packed out the church for Rock the Priory. In June there were the Platinum Jubilee celebrations, the NAAFI Café for the Old Town Association's 1940's festival, and teas for a classic car meeting on Church Green. In November the Advent Fair saw many local craftspeople sell their wares in church and in December Carlton Main Frickley Colliery band returned to join the Priory choir for another Brass and Voices concert. In July the Mothers' Union staged a very enjoyable morning with light popular music and younger members of the choir displaying their instrumental talents. The Priory was kept open to visitors each day from 11am to 3pm and on Saturdays from 10am to 12 noon by a team of volunteer stewards who also staff the Priory gift shop. While many of these activities raise revenue for the church, they are also designed to promote the Priory as an accessible, attractive and fun venue, and thereby to increase the chance that people who do not usually go to church may find themselves drawn to it. 3 ## **Trustees' Report 2022** ## _Fabric (major works)_ In July local builders completed repairs to the Church Rooms roof caused by vandalism in 2021. In October an unstable pinnacle on the Priory's south-west tower was repaired by specialist steeplejacks, who also strengthened a second pinnacle and repaired some leadwork free of charge. ## **Volunteers** Apart from the Incumbent, Organist and Assistant Organist, all the work of the Priory is carried out by volunteers. We would like to thank everyone who works so hard to make our church the lively and vibrant community it is. ## **Investment Property** The financial statement reflects the situation that members of the PCC (the trustees) are aware of the reality of an uncertainty that exists about the ownership of the investment property. This uncertainty is in the process of being resolved but this resolution may take some time to achieve and as stated the outcome is uncertain. Going forwards, the PCC (the trustees) of Bridlington Priory are resolute in their determination to clear up this uncertainty. ## **Financial Review** The impact of the Covid pandemic has continued to affect the regular income during 2022. The total income shows a satisfactory increase from the lows of the pandemic. PCC expenditure has increased mainly because of increased repair expenditure and an increased contribution to the Diocesan Freewill offering. The cost of Repairs will always be an issue for a building of the age and beauty of the Priory. We have obtained a substantial repayment of energy costs which is reflected in these Accounts. Total net incoming resources for the year were £13,249 prior to depreciation and a loss on investment Assets. As a consequence of the latter the PCC has a total reduction of funds of £82,644 in the year. ## **Reserves Policy** The PCC is concerned about the financial costs implicit in holding a building of the age and beauty of the Priory. General liquid Reserves of around 6 months regular expenditure are currently held. It is felt that the current level of reserves held is necessary both in order to keep the Priory in good repair and to make the Priory fit for future purpose while at the same time honouring our commitment to worship and mission. Further funding may be required to update the facilities of the building. The Reserves Policy will be reviewed annually. 4 ## **Trustees' Report 2022** ## **Plans for Future Periods** A long-standing concern is the lack of toilets in the Priory itself. During the year a subgroup of the PCC considered architects' plans for an extension to provide toilet and refreshment facilities in church, concluding that this would be best done by finding space within the building rather than an extension. However further plans were put on hold until the arrival of the new incumbent. ## **Structure, Governance and Management** The method of appointment of PCC members is set out in the Church Representation Rules At Bridlington Priory the membership of the PCC consists of the incumbent, Associate Minister, Deacon, churchwardens, co-opted members and members elected by those members of the congregation who are on the electoral roll of the church. All those who attend our services / members 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 decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. The full PCC met 11 times with an average attendance of 79%. In January there were 19 members. During the year four people resigned or left, and one joined, so there were 16 at the end of the year. The PCC has two committees which are responsible to the PCC and report back to it with minutes of their deliberations being received by the full PCC and discussed as necessary. ## a. Standing Committee This consists of the incumbent, churchwardens and secretary and may transact the PCC’s business between meetings of the PCC in accordance with the Church Representation Rules Part 9, Rule M31. Since June 2022 its function has been limited to discussing the governance of the church, making such decisions as implementing legislative requirements and large outlays of money. The Standing Committee is only convened as and when necessary. ## b. Operations Committee This consists of the incumbent, churchwardens and secretary. It was proposed by the PCC in February 2022 and began work after the APCM in May 2022. Its purpose is to discuss practical day-to-day matters which would otherwise take up too much of the full PCC's time. It meets monthly and has a maximum budget of £1,000 per individual item of expenditure. 5 IL Bridlington 111 Priory Trustees. Report 2022 Adminlstrative Infomiatlon Bridlington Priory is situated in Church Green, Bridlington. It is part of the Diocese of York within Ihe Church of England. The correspondence address is The Rectory, Church Green, Bridlington. Y016 7JX. Its Charity Registration Number is 1136055. PCC members who have served from 1st January 2022 to the date this report was approved are.. Ex Officio Revd Matthew Pollard Revd Neil Bcwler Revd Christine Strand Revd Jean Fowler Revd ma￿ne Waller Brian Fisher Frank Fowler Anlhonv Halford Helen Huahes Yvonne Kurvits Unb'l 0410912022 From 2710712023 Priest-in**Incoming resources:**
Voluntary Income
2.1
Activities for generating funds
2.2
Income from investments
2.3
Other ordinary incoming resources
2.4
**Total incoming resources**
**Resources used:**
Church Activities
3.1
Church management and
administration
3.2
Costs of raising funds
3.3
**Total resources used:**
Net incoming resources
Depreciation of tangible fixed assets:
Charge for the year
5
Losses/(gains) on investment assets
Revaluation of freehold property
Net movement in funds
Balances brought forward
at 1 January 2022
11-13
Inter-fund transfer
**Balances carried forward**
**at 31 December 2022**|**TOTAL**
**TOTAL**
Unrestricted
Restricted
Endowment
**FUNDS**
**FUNDS**
Funds
Funds
Funds
**2022**
**2021**
£
£
£
**£**
**£**
96,653
6,190
-
**102,843**
87,468
30,918
-
-
**30,918**
8,889
16,906
21,082
9
**37,997**
29,919
34,690
-
-
**34,690**
25,810| |---|---| ||179,167
27,272
9
**206,448**
**152,086**| ||161,182
14,241
-
**175,423**
127,595
7,130
3,809
-
**10,939**
6,388
6,837
-
-
**6,837**
2,482| ||175,149
18,050
-
**193,199**
**136,465**| ||4,018
9,222
9
**13,249**
15,621
(10,853)
-
-
**(10,853)**
(9,428)
-
(69,272)
(15,768)
**(85,040)**
53,808
-
-
-
**-**
150,000| ||(6,835)
(60,050)
(15,759)
**(82,644)**
210,001
588,476
617,279
152,831
**1,358,586**
1,148,585
(19,184)
19,184
-
**-**
-| ||562,457
576,413
137,072
**1,275,942**
1,358,586| 7 THE PAROCHIAL CHURCH COUNCIL (* THE ECCLESIASTICAL PARISH OF B￿DLINGTON ST. MARY BALAF4CE SHEET AT 31 DECEMBER 2022 TOTAL TOTAL FUNDS 2021 Fu 2022 FIx8d •ssets= Tanglbb a5ths In￿lment 8ssets-re51uats.L￿ l￿d In￿*rr￿)i assetS-OtWlwKJ$ In￿sIr￿ pr 365.622 378.666 131.017 114000 376.475 444.736 147.505 115,D 378. 131,017 115.OCpJ 480.6T2 378.666 131,017 990,305 1,083.718 Curront a$￿ts. Stock 6.431 37.472 27.487 37.228 2.178 6,431 37.472 113,074 1SS.443 2,178 5,9&1 1S.7S7 88.851 183.g71 Debt(*s and prep8￿￿erts Bank C￿￿{nI Bank 5htxt.terrn depDsit xcwrds Cash 85.587 112.160 6JL55 110. 197.747 314.698 291.532 L¢ss ¢urmnt 1kb11￿88. ¢￿Ill0r$.. amwnts 28.961 28,961 19.662 Net curyoTht a8Jets 81.835 197.747 6.055 274,870 TOTAL NET ASSEYS 562.457 576.413 137.072 1.275.942 1J58.588 REPRESENTED BY: Untt5tricted fLmd8 Restricted furn15 Endth*r*trtfurx15 2.45T 862AS7 576.413 37,072 588.476 617,279 152.831 11 12 576.413 137,on TOTAL FUNDS 562.4¥1 576.413 137.or2 1.275.942 1,3S8.58E Approveclbylhe Partrh8lChun)l 2C*h &ep&wtw2023 tr1ert￿8 by The P￿￿end￿fI￿o￿lsrfpC¢ Clwj •XIMrPa￿Ko￿￿1pCc **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022** ## **1. Accounting policies** The Ecclesiastical Parish is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006, governing the individual accounts of PCC's and with the Regulations "true and fair" provisions. They have also been prepared under FRS102(2016) as the applicable accounting standards and the 2016 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 with the exception of investment properties and certain tangible fixed assets, which are included at valuation, and investment assets which are included at market value. The financial statements include all transactions, assets and liabiilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members. ## **Funds** Endowment Funds represent funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any income or other benefit derived from the capital may be restricted or unresttricted, Restricted funds may only be expended on the specific object for which they were given Unrestricted funds represent funds of the PCC that are not subject to any restrictions regarding their use. Funds designated for a particular purpose by the PCC are also unrestricted in that the PCC is free to redesignate them. ## **Income** Planned giving , collections and donations are recognised when received by the PCC. Income tax recoverable on gift aid is recognised when the income is recognised. Grants and legacies are accounted for as soon as the PCC is notified of its legal entitlement. Rental income is recognised when the rental is due. Interest and dividends are accounted for when receivable. ## **Expenditure** Grants and donations are accounted for when paid over or when committed by the PCC, Freewill offer is accounted for when paid. ## **Tangible fixed assets** Consecrated land and buildings are excluded from the accounts in accordance with the Charities Act 2011 Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Office equipment - 15% on cost Fixtures and fittings - 15% on cost Freehold property - revalued on a regular basis therefore no depreciation charged 9 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY NOTES TO THE FINANCIAL STATEMENTS ( continued ) YEAR ENDED 31 DECEMBER 2022** ## **Investment assets** Investment assets are shown in the balance sheet at market value. Unrealised gains or losses are accounted for on revaluation of assets at 31 December. ## **Investment property** Investment property owned by the Parochial Church Council is held for its long-term investment potential. Investment property has been accounted for in accordance with SSAP19 as follows: (a) investment properties are revalued annually and the surplus or deficit on revaluation is added to or deducted from the relevant Fund. (b) no depreciation is provided in respect of leasehold investment properties where the unexpired lease term is in excess of 20 years - (c) an external independent valuation is carried out every five years. ## **Stock** Stock is included at the lower of cost and net realisable value. 10 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY NOTES TO THE FINANCIAL STATEMENTS ( continued ) YEAR ENDED 31 DECEMBER 2022** |**2. Incoming resources**
2.1 Voluntary Income:
Planned giving:-
Planed donations including
Parish Giving Scheme
Freewill offering envelopes
not gift aided
Open plate collections at all
services
Income tax recoverable
Legacies
Grants
Sundry donations
Income from votive candle
stand
2.2 Activities for generating funds:
Shop - gross takings
Coffee
Parish magazine - gross
receipts
Church hall lettings
Fêtes and bazaars
Organ receipts
Income from concerts and events
2.3 Income from investments:
Dividends and interest
Net rental income receivable
2.4 Other Ordinary Incoming Resources
Wedding and funeral fees,
including organist
**Total Income**|**TOTAL**
**TOTAL**
Unrestricted
Restricted
Endowment
**FUNDS**
**FUNDS**
funds
funds
funds
**2022**
**2021**
£
£
£
**£**
**£**
40,010
250
-
**40,260**
43,737
5,327
-
-
**5,327**
4,618
19,502
5,940
-
**25,442**
10,490
11,640
-
-
**11,640**
8,691
3,624
-
-
**3,624**
5,000
9,380
-
-
**9,380**
-
5,564
-
-
**5,564**
14,510
1,606
-
-
**1,606**
422| |---|---| ||96,653
6,190
-
**102,843**
87,468| ||13,713
-
-
**13,713**
5,192
888
**888**
150
1,106
-
-
**1,106**
351
3,024
-
-
**3,024**
330
3,093
-
-
**3,093**
549
-
-
-
**-**
250
9,094
-
-
**9,094**
2,067| ||30,918
-
-
**30,918**
8,889| ||1,229
21,082
9
**22,320**
15,177
15,677
-
-
**15,677**
14,742| ||16,906
21,082
9
**37,997**
29,919| ||34,690
-
-
**34,690**
25,810| ||34,690
-
-
**34,690**
25,810| ||| ||179,167
27,272
9
**206,448**
152,086| 11 |**THE PAROCHIAL CHURCH COUNCIL OF THE**|||||| |---|---|---|---|---|---| |**ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY**|||||| |**NOTES TO THE FINANCIAL STATEMENTS ( continued )**|||||| |**YEAR ENDED 31 DECEMBER 2022**||||**TOTAL**|**TOTAL**| ||Unrestricted|Restricted|Endowment|**FUNDS**|**FUNDS**| ||funds|funds|funds|**2022**|**2021**| |**3. Resources used**|£|£|£|**£**|**£**| |3.1 Church Activities|||||| |Charitable donations|-|5,940|-|**5,940**|**171**| |_Ministry:_|||||| |Diocesan freewill offering|70,008|-|-|**70,008**|50,004| |Clergy housing|152|||**152**|-| |Rector's expenses|-|-|-|**-**|676| |YDBF fees re occasional offices|14,458|-|-|**14,458**|10,000| |Church Insurance|10,332|-|-|**10,332**|10,396| |Rooms Insurance|1,491|-|-|**1,491**|1,424| |Light and heat|817|-|-|**817**|21,176| |Cleaning and water rates|413|-|-|**413**|65| |General repairs|14,374|4,903|-|**19,277**|4,652| |Rooms Repairs|5,577|-|-|**5,577**|28| |Music and organ tuning|3,617|1,927|-|**5,543**|1,548| |Choir expenses|1,015|-|-|**1,015**|3,125| |Organists' fees including weddings|23,036|-|-|**23,036**|19,743| |Upkeep of services|2,369|-|-|**2,369**|463| |Churchyard upkeep|1,820|-|-|**1,820**|560| |Cost of concerts and events|6,123|-|-|**6,123**|2,344| |Sundry expenses|464|1,472|-|**1,936**|1,220| |Architect|3,617|-|-|**3,617**|-| |Website|500|-|-|**500**|-| |Recruitment|999|-|-|**999**|-| ||161,182|14,241|-|**175,423**|**127,595**| |3.2_Church management and_|||||| |_administration:_|||||| |Independent Examination|900|-|-|**900**|900| |Bank charges|417|120|-|**537**|567| |Stockbrokers charges||3,689||**3,689**|4,128| |Office costs|5,813|-|-|**5,813**|4,921| ||7,130|3,809|-|**10,939**|**10,516**| |3.3 Costs of raising funds:|||||| |Church shop|6,533|-|-|**6,533**|2,359| |Cost of freewill offering|||||| |envelopes|304|-|-|**304**|123| ||6,837|-|-|**6,837**|**2,482**| |Total Expenditure|175,149|18,050|-|193,199|140,593| 12 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY NOTES TO THE FINANCIAL STATEMENTS ( continued ) YEAR ENDED 31 DECEMBER 2022** ## **4. Wages** |Staff costs
Wages
National Insurance
Pension Contributions (Defined Contribution Scheme)
Number of Employees
All employees worked on charitable activities|**2022**
**20,168**
**-**
**426**| |---|---| ||**20,593**| ||**1**| No employees received employee benefits (including employee pension costs ) of more than £60,000. ## **5. Tangible Fixed Assets** |At 1 January 2022
At 31 December 2022
DEPRECIATION
At 1 January 2022
Charge for the year
At 31 December 2022
NET BOOK VALUE
At 31 December 2022
At 31 December 2021|Office
Land &
Equipment
Buildings
Fixtures
Total
£
£
£
£
7,471
350,000
72,350
429,821| |---|---| ||7,471
350,000
72,350
429,821| ||7,469
-
45,877
53,346
-
-
10,853
10,853| ||7,469
-
56,730
64,199| ||2
350,000
15,620
365,622| ||2
350,000
26,473
376,475| The land and buildings comprise the Church Rooms, 19A and 19B Church Green The other property owned by the Parochial Church Council has been treated in the financial statements as an investment property as shown in note 6. The property was valued on a fair market value basis as at 31 December 2021 by Ullyotts, Chartered Surveyors and Estate Agents, subject to the occupational tenancy of the bungalow. 13 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY NOTES TO THE FINANCIAL STATEMENTS ( continued ) YEAR ENDED 31 DECEMBER 2022** ## **6. Investment assets** Investments held specifically for the Restoration Appeal Fund are managed by Brewin Dolphin who submit quarterly reports. The market value of the assets at 31 December 2022 has been supplied by Brewin Dolphin Other Investments are managed by CCLA. Investments are shown at Market Value as at 31st December 2022. ## **7. Investment property** |||||||||£| |---|---|---|---|---|---|---|---|---| |At|1|January|2022|and|31|December|2022|115,000| The valuation was carried out in 2020 by the external valuers, Ullyotts, Chartered Surveyors and Estate Agents, based on an open market value on an existing use basis. The next external valuation is due at 31 December 2025. There is an uncertainty about the ownership of the investment property and about the status of rent received in respect of that property by the PCC and the use to which any funds can be put. The PCC currently believes that it has ownership and unfettered use of any funds. The PCC is unable at this point to determine the amount, if any, that might be due to a third party or that may be of a restricted nature. ## **8. Stock** |**8. Stock**|| |---|---| |Stock of goods for resale
This represents the stock held in the church shop. The stock is recorded at cost, less any provision
considered necessary for slow-moving stock.|**2022**
**2021**
**£**
**£**
**6,431**
5,436| ||| ## **9. Debtors** |Income tax recoverable
Prepayments|**TOTAL**
**TOTAL**
Unrestricted
Restricted
Endowment
**FUNDS**
**FUNDS**
funds
funds
funds
**2022**
**2021**
£
£
£
**£**
4,326
-
-
**4,326**
14,691
33,146
-
-
**33,146**
1,066| |---|---| ||37,472
-
-
**37,472**
**15,757**| 14 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY NOTES TO THE FINANCIAL STATEMENTS ( continued ) YEAR ENDED 31 DECEMBER 2022** ## **10. Creditors: amounts falling due within** ## **one year** |**one year**|| |---|---| |Accrued charges|**TOTAL**
**TOTAL**
Unrestricted
Restricted
Endowment
**FUNDS**
**FUNDS**
funds
funds
funds
**2022**
**2021**
28,961
-
-
**28,961**
19,662| ||28,961
-
-
**28,961**
**19,662**| ## **11. Unrestricted Funds** Movements on the Unrestricted Funds were: |Balances at
Incoming/
1 January
(outgoing)
2022
resources
Depreciation
£
£
£
General fund
571,480
(21,098)
(10,853)
Designated Fund - Sunday
School and Other
16,996
5,932
-
588,476
(15,166)
(10,853)
The balance of the fund at 31 December 2022 is represented by the following assets:
Tangible fixed assets
Investment property
Stock
Debtors
Bank current accounts
Bank short-term deposit accounts
Cash
Creditors|**Balances at**
**31 Dec.**
**2022**
£
**539,529**
**22,928**| |---|---| ||**562,457**| ||**£**
**365,622**
**115,000**
**6,431**
**37,472**
**27,487**
**37,228**
**2,178**
**(28,961)**| ||**562,457**| 15 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY NOTES TO THE FINANCIAL STATEMENTS ( continued ) YEAR ENDED 31 DECEMBER 2022** ## **12. Restricted Funds** Movements on the Restricted Funds were: |Priory and Organ
Restoration Funds
Fabric Repair
Organ
Churchyard
Other|Balances at
Incoming/
Change in **Balances at**
1 January
Transfers
(outgoing)
market
**31 Dec.**
2022
resources
value
**2022**
£
£
£
£
£
585,497
-
10,981
(68,552)
**527,926**
13,420
-
(60)
-
**13,360**
12,391
-
-
-
**12,391**
4,028
-
-
-
**4,028**
1,943
19,184
(1,699)
(720)
**18,708**| |---|---| ||617,279
19,184
9,222
(69,272)
**576,413**| |The balance of the fund at 31 December 2022 is represented by the following assets:
Investment assets
Bank current accounts
Bank short-term deposit accounts|**£**
**378,666**
**85,587**
**112,160**| |---|---| ||**576,413**| ## **13. Endowment Funds** Movements on the Endowment Funds were: |General
Fabric
Sundry Small Funds|Balances at
Incoming/
Change in
1 January
(outgoing)
market
2022
resources
value
£
£
£
6,046
9
146,522
-
(15,505)
263
-
(263)
152,831
9
(15,768)|**Balances at**
**31 Dec.**
**2022**
£
**6,055**
**131,017**
**-**| |---|---|---| |||**137,072**| The balance of the fund at 31 December 2022 is represented by the following assets: |Investment assets
Bank short-term deposit accounts|**131,017**
**6,055**| |---|---| ||**137,072**| 16 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY NOTES TO THE FINANCIAL STATEMENTS ( continued ) YEAR ENDED 31 DECEMBER 2022** ## **13. INCOME AND EXPENDITURE Analysis of 2022 figures:** |**Income**
Voluntary Income
Activities for generating funds
Income from Investments
Other Ordinary Incoming Resources
Total incoming resources
**Expenditure**
Mission and Charitable Giving
Church Activities
Costs of Generating Funds
Church management
Net (outgoing)/incoming resources
Depreciation charge
(Losses)/Gains relating to investments
Net movement in funds
Fund balances brought forward
at 1 January 2022
Intra-fund reallocations
Fund balances carried forward
At 31 December 2022|**TOTAL**
Unrestricted
Restricted
Endowment
**FUNDS**
Funds
Funds
Funds
**2022**
£
£
£
**£**
96,653
6,190
-
**102,843**
30,918
-
-
**30,918**
16,906
21,082
9
**37,997**
34,690
-
-
**34,690**| |---|---| ||179,167
27,272
9
**206,448**| ||-
5,940
-
**5,940**
161,182
8,301
-
**169,483**
7,130
3,809
-
**10,939**
6,837
-
-
**6,837**| ||175,149
18,050
-
**193,199**| ||| ||4,018
9,222
9
**13,249**
(10,853)
**(10,853)**
-
(69,272)
(15,768)
**(85,040)**| ||(6,835)
(60,050)
(15,759)
**(82,644)**
588,476
617,279
152,831
**1,358,586**
(19,184)
19,184
-
-| ||562,457
576,413
137,072
**1,275,942**| 17 Report of thg Indepondont Ex8mlTr•rto tho P•rochW Chyr¢h Councll of The Eccl•skiEtyrAI Par￿h of BrldlIng￿n SL Mary of Brijlryio) St. M¥y Ihp 31 2022, aÈ set£4rt M P•J85 7t0 17. Resp8etivt rtspon5iblMt*s ol trustees and exananer The Ch8riWs trustee5 are reS￿￿tef￿ thepryth l1thew￿lrrfS. TheCharrfl5 sider an Z￿rt i4 not rwuired ￿yerS8(￿ 144121 Ch*ths Att 2011 that an itvJÈper￿￿19X4Th￿9lKjn 18 na*￿. my responsibihtyttt. 181 the accojts 145 Ac12011.' (bl fdknwtr*r￿OCOjM down Dirtbons bythe Ch8rly 14$5llbl ofttEChaikn 201118nO Bas* ofthp Independent examlr*ts i*port Myex8minabonw85 cwrEd artin xc(rdarttwith theGer￿￿ Direc*C￿ tythe Chwty conwr￿$s￿. An examinlbx tytschanty 8nd a cixnparison c¢tr* accwnts prewted *ith IhDse I￿￿￿￿.11 ¥J50 irKkne5 cor*vJera f any unusual ii&n5 IT¢￿￿e5 in Ihe acc￿￿. *￿tiC0S frcTh yw a5 trusl*s Coicem￿9 any such rr•tter5. The pr￿eduleS do rnt wty•Je Il that wwkj be reqvir*J ￿ an audit. consequenty no3tYAYb'rn no matter has ¢Lxne lo my8kndK￿. 111 whith gi￿ me re8$c*￿￿t*￿et0b￿*ve that. Vl any malerHI resp￿1. thertyuirtn￿ts (alto keep4Kcour*rvJ recL¥ds ￿ K¢L¥dar￿}￿1th 130 oflhe Chari1*6 12011-. I lo wth the xcThJntuvJ rtcL¥ds ccffiptywilh IhE L￿thec￿tE5 Act 2011.. ha4E be￿ mit pi towNch. In my Stienti￿ S￿￿J Nder lo of the ac¢rrtmtS lo be reacw. SwJr￿j by. SbJartAC G￿ lo 18