**REGISTERED CHARITY NUMBER: 1136055** 

**Report of the Trustees and** 

## **Unaudited Financial Statements** 

**For The Year Ended 31 December 2023** 

## **for** 

**The Parochial Church Council Of The Ecclesiastical Parish Of Bridlington St. Mary** 

Charles A. Wood & Co. Chartered Accountants 15 Prospect Street Bridlington East Yorkshire YO15 2AE 



**The Parochial Church Council Of The Ecclesiastical Parish Of Bridlington St. Mary** 

## **Contents of the Financial Statements For The Year Ended 31 December 2023** 

|||**Page**||
|---|---|---|---|
|**Reference and Administrative Details**||1||
|**Report of the Trustees**|2|to|6|
|**Independent Examiner's Report**||7||
|**Statement of Financial Activities**||8||
|**Balance Sheet**||9||
|**Cash Flow Statement**||10||
|**Notes to the Cash Flow Statement**||11||
|**Notes to the Financial Statements**|12|to|23|
|**Detailed Statement of Financial Activities**|24|to|25|





**The Parochial Church Council Of The Ecclesiastical Parish Of Bridlington St. Mary** 

**Reference and Administrative Details For The Year Ended 31 December 2023** 

|**TRUSTEES**|Revd Neil Bowler - Rector (appointed 27.7.2023)|
|---|---|
||Revd Christine Strand|
||Revd Jean Fowler|
||Paul Koker -Treasurer|
||Anthony Halford - Sec/C.warden (appointed 17.5.2023)|
||Helen Hughes - Churchwarden|
||Yvonne Kurvits - Churchwarden|
||Judy Brameld|
||David Watson (appointed 17.5.2023)|
||Elizabeth Boardman|
||Ron Broadbent|
||Brian Goodall|
||Lynne Koker|
||Mark Kunz|
||Margaret Watson|
||Elaine Broadbent (resigned 17.5.2023)|
||Allison Saxton (resigned 1.2.2023)|
||Revd Jeanette Oates (resigned 31.12.2023)|
|**PRINCIPAL ADDRESS**|The Priory Church Office|
||Church Green|
||Bridlington|
||East Yorkshire|
||YO16 7JX|
|**REGISTERED CHARITY**|1136055|
|**NUMBER**||
|**INDEPENDENT EXAMINER**|Charles A. Wood & Co.|
||Chartered Accountants|
||15 Prospect Street|
||Bridlington|
||East Yorkshire|
||YO15 2AE|



Page 1 



## **The Parochial Church Council Of The Ecclesiastical Parish Of Bridlington St. Mary** 

## **Report of the Trustees For The Year Ended 31 December 2023** 

The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). 

The Parochial Church Council of the Ecclesiastical Parish of Bridlington St Mary will be referred to hereafter as "the PCC". 

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". 

Bridlington Priory is situated in Church Green, Bridlington. It is part of the Diocese of York within the Church of England. The Reverend Neil Bowler was appointed as the incumbent in July 2023, and from January 2023 to July 2023 the Priory was overseen by the churchwardens. 

## **OBJECTIVES AND ACTIVITIES** 

## **Objectives and aims** 

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. 

The PCC is specifically responsible for the maintenance of the Priory and the Church Rooms complex at Church Green, Bridlington, YO16 7JX. 

The PCC is committed to enable as many people as possible to worship at our church and 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. 

To facilitate this work it is important that we maintain the fabric of the Priory and the Church Rooms. 

## **Public benefit** 

The Trustees have complied with the duty in Section 17(5) of the Charities Act 2011 to have regard to the Charity Commission guidance on public benefit in the provision of its activities. 

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. 

## **Volunteers** 

Apart from the Incumbent and Organist who are paid, the Priory relies on the continued support of its unpaid volunteers. We would like to thank everyone who works so hard to make our church the lively and vibrant community it is. 

Page 2 



## **The Parochial Church Council Of The Ecclesiastical Parish Of Bridlington St. Mary** 

## **Report of the Trustees For The Year Ended 31 December 2023** 

## **ACHIEVEMENT AND PERFORMANCE Charitable activities** 

## Worship and Prayer 

The main event of the year for the Priory Church was the appointment of Revd. Neil Bowler as priest in charge on the 27th July. 

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 Breaking of the Bread (Holy Communion) 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 2023 Morning Prayer was said each day at 9am from Monday-Thursday & Saturday. 

A Messy Church Service is held once per month on Friday afternoons in the church rooms with an average attendance of 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. 

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 26 baptisms and 6 weddings and our ministry team have officiated at 59 funeral services (28 church & 31 crematorium) this year. 

The Priory has a civic role in the life of Bridlington, welcoming the RNLI to the annual Great Gale service in February and holding the Mayor's service in October. In May we held a Songs of Praise for the coronation of King Charles III. In October we had a service of celebration for St. John of Bridlington. Several local schools also used the Priory throughout the year and for their Christmas concerts. 

## Pastoral Care 

The Priory's contribution to the local community is not confined to religious services. We contributed to a defibrillator which was fitted outside the Church Rooms. The Education Department at East Riding of Yorkshire Council continued using the church on some weekdays for one-to-one tuition (from which the Priory received a fee). The Rooms were in almost constant use in weekdays from 9am to 8 or 9pm. The users were local groups with varying levels of attachment to the church, including uniformed youth organisations. Only four groups were charged for hire. The Rooms are therefore part of the Priory's giving to the parish. 

Our weekly Luncheon Club continued 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. This has also been an increase in regular care home services. 

## Deanery Synod 

Two members of the PCC sat on the deanery synod during 2023. 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. 

Page 3 



## **The Parochial Church Council Of The Ecclesiastical Parish Of Bridlington St. Mary** 

## **Report of the Trustees For The Year Ended 31 December 2023** 

## Mission and Evangelism 

Clergy take the Eucharist to local homes. Clergy and lay people also lead services at residential homes and our clergy are closely linked and have very good relationships with all of our local schools, which includes regularly taking assemblies. 

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 to and with families.  A simple tea-time meal is included. 

The Choir is growing again. A junior choir has been established. The opportunities for a musical education and experience of religious services as well as involvement in social activities provide a rich experience for young people. 

During the year the Priory hosted a number of concerts and open days with refreshments. In June there was the Old Town Summer Fête. In July the Bridlington-based Remarkable Rock choir and musicians packed out the church for Rock the Priory and Schools Rock. In September there was the Heritage Week-end. In December the Advent Fair saw many local craftspeople sell their wares in church. Also in December Carlton Main Frickley Colliery band returned to join the Priory choir for another Brass and Voices concert, there was the Old Town Dickensian Festival and a Christmas Carol dramatic presentation in aid of Hope Housing. The church also hosted several organ recitals. 

The Priory was kept open to visitors each week 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, fun and engaging place, and thereby to increase the chance that people who do not usually go to church may find themselves drawn to it. 

## Fabric (major works) 

After a boiler failure in February a long process of faculty application and subsequent purchase and installation of two new gas boilers by Fre-Flo was complete by October.  The clock on the Priory Tower was refurbished and regilded. 

## **Investment Property** 

During the year it was determined that the property that had been included within the financial statements as Investment property was subject to trusts that required the property to be held and used for the education of children in accordance with the principles of the Church of England. It was determined that it was incorrect to include the Investment property as an asset of the PCC and that the control and administration of the Investment property should be conducted by the Trustees of the Investment property (the Rector and the churchwardens). 

The Trustees (members of the PCC) have determined that the Investment property should be removed from the Statement of Financial Position by way of a prior period adjustment in order to correctly reflect the assets under their control. The comparative figures included in these financial statements have been re-stated accordingly. 

## **FINANCIAL REVIEW** 

## **Financial position** 

The incoming resources exceeded the outgoing resources during the year by £408,858. In 2023 the charity has been notified of £425,000 from legacies (2022 - £3,624). The Charity has net assets of £1,569,800 of which unrestricted reserves amount to £580,524. Cash at bank and in hand amounted to £512,155 at 31December 2023 (2022 - £270,694). 

## **Principal funding sources** 

Donations are the main source of funding for the Bridlington Priory. 

Page 4 



## **The Parochial Church Council Of The Ecclesiastical Parish Of Bridlington St. Mary** 

## **Report of the Trustees For The Year Ended 31 December 2023** 

## **FINANCIAL REVIEW** 

## **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. 

At 31 December 2023, the free reserves were £580,524 (2022 - £464,942 as restated). 

## **FUTURE PLANS** 

Future plans are to provide both refreshment and toilet facilities in church. After the annual meeting a subcommittee of the PCC will be once again formed to progress this initiative. 

There will be a 'Giving Campaign' later in the year to encourage regular giving to support the mission and work of the church in Bridlington. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Governing document** 

The charity is controlled by the Parochial Church Councils (Powers) Measure 1956 as amended and the Church Representation Rules. 

## **Organisational structure** 

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 has met 11 times in 2023. 

The PCC has three 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. They are the: 

## 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. They are limited to discussing the governance of the church, and 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. 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. 

## c. Finance Committee 

This consists of the incumbent and treasurer, as well as other trustees who have a particular interest in finance . Its purpose is to discuss the budgets and financial matters which would otherwise take up too much of the full PCC's time. 

## **Induction and training of new trustees** 

In house training is provided for trustees and volunteers. 

Page 5 



The Parochial Church Council Of
The Ecclesiastieal Parish Of
Bridlington St. Mary
Report of the Trustees
For The Year Ended 31 Deeember 2023
STRUCTURE. GOVERNANCE AND MANAGEMENT
Risk man&gement
The trustees have a duty to identify and Teview the i'isks to whicli the Priory is exposed aiid to ensure appropriate
controls are in place to provide I'easonable assurance agyainst fraud aiid ei'i'or. A budget is set by the Finance Coinrniltee
aiid approved by the Board of Trustees aiiiiually, thus ensuring 1( n active review of tlie Inajoi. f2nancial risks wliich the
charity faces on a regular basis. I'he irustees believe that the maiiiteiiaiice of i-esei'ves at the levels stated in the report and
the insurance policies held by thc cliarity have mitigated the charity's exposure to the financial risks.
Approved by order of th¢ board of trustees on 17 April 2024 and signed on its behalf by:
Revd Neil Bowler - Rector - Trustee
Page 6

iidepeiident F.x#miner's Report to the Trustees of
The Parochial Church Couiicil Of
The Ecclesiastical Parish Of
Bridlington St. Mary
Indtpeiident examiner'5 report lo the trustees of The Parochial Chureh Council Of The Eeelesiastical Parish Of
Bridlington St. Mary
I report to the charity trusteeq nn my exainiiiation of the accounts of The Parochial Church Council Of The Ecclesiastical
Parish Of Bridlington St. Mary (the Trust) for tlie year elided 31 December 2023.
Responsibilities and b*si5 of report
As the charity trustees of the Trust you are respoiisible for the preparation of the accounts in accordance with the
requii'ements of the Charities Act 2011 ('the Act,).
I report in respect of Iny examination of the Trust's accounts carried out uiider Section 145 of the Act and in canying out
Iny exainination I have followed all applicable Dircctions giveii by the Cliarity Commission under Section 145(5)(b) of
tlie Act.
Independent examiner's St￿tement
Since your chai'ity's gross illLonie exceeded £250,000 your examiner must be a meniber of a listed body. I can confirm
that l am qualified to undeitake the examination because l ain a meinber of tlie Institute of Chartered Accountants in
England and Wales, which is one of the lisled bodies.
have completed my examinatioii. I confiiin that no Jnaterial matters have coine to my attention in connection with the
examination giving me cause to b¢lieve tl)at iii aiiy Inaterial respect..
accounting records were not kept in respect of tlie Trust as required by Section 130 of the Act. or
the accounts do iiul accord with those records. or
th¢ accouiits Llu Iiul ¥uiiiply with ihe applicable I'equii'einents concerniiig the form and contei)t of accounts set out
in tlie Charities (Accounts aiid Reporis} Re¥ulations 2008 other than any requirement that the accounts give a
true and fair view which is not a Inatter considei'ed as parl of an iiidependeiit exainination.
I have no concerns and liave coine across no other niatters iii connection wilh the examination to which attention should
be drawn in this repoit in oi'dLr to ¢nable a pi'oper understandingy of the accouiits to be reached.
A W Ingyham Bsc FCA C.TA
The Institute ol. CharlerLd Accoiiiitants iii Eiigyland and Wales
Charles A. Wood & Co.
Chartered Accountants
15 Prospect Street
Bi'idlington
East Yorkshire
Y015 2AE
17 April 2024
Page 7

## **The Parochial Church Council Of The Ecclesiastical Parish Of Bridlington St. Mary** 

## **Statement of Financial Activities For The Year Ended 31 December 2023** 

|Notes<br>**INCOME AND**<br>**ENDOWMENTS FROM**<br>Donations and legacies<br>2<br>Other trading activities<br>3<br>Investment income<br>4<br>Other income<br>5<br>**Total**<br>**EXPENDITURE ON**<br>Raising funds<br>6<br>**Charitable activities**<br>7<br>Priory & Church Rooms<br>**Total**<br>Net gains/(losses) on<br>investments<br>**NET**<br>**INCOME/(EXPENDITURE)**<br>**Transfers between funds**<br>20<br>**Net movement in funds**<br>**RECONCILIATION OF**<br>**FUNDS**<br>**Total funds brought forward**<br>As previously reported<br>Prior year adjustment<br>14<br>**As restated**<br>**TOTAL FUNDS CARRIED**<br>**FORWARD**|Unrestricted<br>funds<br>£<br>226,604<br>36,623<br>16,708<br>30,079<br>310,014<br>13,393<br>181,039<br>194,432<br>-<br>115,582<br>-<br>115,582<br>579,942<br>(115,000)<br>464,942<br>580,524|Restricted<br>funds<br>£<br>281,780<br>-<br>25,803<br>-<br>307,583<br>3,700<br>42,721<br>46,421<br>16,799<br>277,961<br>(740)<br>277,221<br>558,928<br>-<br>558,928<br>836,149|Endowment<br>funds<br>£<br>-<br>-<br>3,943<br>-<br>3,943<br>-<br>-<br>-<br>11,372<br>15,315<br>740<br>16,055<br>137,072<br>-<br>137,072<br>153,127|2023<br>Total<br>funds<br>£<br>508,384<br>36,623<br>46,454<br>30,079<br>621,540<br>17,093<br>223,760<br>240,853<br>28,171<br>408,858<br>-<br>408,858<br>1,275,942<br>(115,000)<br>1,160,942<br>1,569,800|2022<br>Total<br>funds<br>as restated<br>£<br>96,903<br>30,918<br>37,997<br>34,690<br>200,508<br>16,649<br>181,464<br>198,113<br>(85,040)<br>(82,645)<br>-<br>(82,645)<br>1,243,587<br>-<br>1,243,587<br>1,160,942|
|---|---|---|---|---|---|



The notes form part of these financial statements 

Page 8 



The Pai'ochial Church Council Of
The Ecclesiastical Parish Of
Bridlington St. Mary
Balance Sheet
31 December 2023
2023
Total
funds
2022
Total
funds
as restated
Unresti'icted
funds
Restricted
funds
Endowmeiit
funds
Notes
FIXED ASSETS
Tangible assets
Iiivestments
15
16
355,477
355,477
537,854
365,622
509,683
395.465
142,389
355,477
395,465
142,3 89
893,331
875.305
CURRENT ASSETS
Stocks
Debtors
Cash at bank
8.614
160,650
88,211
8,614
188.462
512,155
6,431
37,472
270,694
27,810
413,208
10,736
257,475
441.018
10.738
709,231
314,597
CREDITORS
Ainounts falling due within one
year
19
(32.427)
(335)
(32,762)
(28,960)
NET CURRENT ASSETS
22.fj,048
440,683
10,738
676,469
285.637
TOTAL ASSETS LESS
CURREIYT LIABILITICS
580.525
836,148
153,127
1,569,800
1,160,942
NET ASSETS
580,525
836,148
153,127
1,569,800
1,160.942
FUNDS
Unrestricted funds
Restricted funds
Endowment funds
20
580,525
836,148
153,127
464,942
558,928
137,072
TOTAL FUNDS
1,569,800
1,160,942
The financial stateinents were approved by the Board of Trustees and authorised for issue on 17 April 2024 and were
si%ned on its bchalf by:
R¢vd Neil Bowler- Rector - Trustee
Paul Koker -Treasurer - Ti-ustee
The notes form part of these financial statements
Piige 9

## **The Parochial Church Council Of The Ecclesiastical Parish Of Bridlington St. Mary** 

## **Cash Flow Statement For The Year Ended 31 December 2023** 

|Notes<br>**Cash flows from operating activities**<br>Cash generated from operations<br>1<br>Net cash provided by operating activities<br>**Cash flows from investing activities**<br>Purchase of tangible fixed assets<br>Purchase of fixed asset investments<br>Net cash used in investing activities<br>**Cash flows from financing activities**<br>Income attributable to endowment<br>Net cash provided by financing activities<br>**Change in cash and cash equivalents in**<br>**the reporting period**<br>**Cash and cash equivalents at the**<br>**beginning of the reporting period**<br>**Cash and cash equivalents at the end of**<br>**the reporting period**|2023<br>a<br>£<br>238,575<br>238,575<br>(1,057)<br>-<br>(1,057)<br>3,943<br>3,943<br>241,461<br>270,694<br>512,155|2022<br>s restated<br>£<br>344<br>344<br>-<br>(2,481)<br>(2,481)<br>9<br>9<br>(2,128)<br>272,822<br>270,694|
|---|---|---|



The notes form part of these financial statements 

Page 10 



## **The Parochial Church Council Of The Ecclesiastical Parish Of Bridlington St. Mary** 

## **Notes to the Cash Flow Statement For The Year Ended 31 December 2023** 

## **1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES** 

|**OPERATING ACTIVITIES**|||
|---|---|---|
|**Net income/(expenditure) for the reporting period (as per the**<br>**Statement of Financial Activities)**<br>**Adjustments for:**<br>Depreciation charges<br>(Gain)/losses on investments<br>Income attributable to endowment<br>Increase in stocks<br>Increase in debtors<br>Increase in creditors<br>**Net cash provided by operations**|2023<br>a<br>£<br>408,858<br>11,202<br>(28,171)<br>(3,943)<br>(2,183)<br>(150,990)<br>3,802<br>238,575|2022<br>s restated<br>£<br>(82,645)<br>10,853<br>85,040<br>(9)<br>(478)<br>(21,715)<br>9,298|
|||344|



## **2. ANALYSIS OF CHANGES IN NET FUNDS** 

||At 1.1.23|Cash flow|At 31.12.23|
|---|---|---|---|
||£|£|£|
|**Net cash**||||
|Cash at bank|270,694|241,461|512,155|
||270,694|241,461|512,155|
|**Total**|270,694|241,461|512,155|



The notes form part of these financial statements 

Page 11 



## **The Parochial Church Council Of The Ecclesiastical Parish Of Bridlington St. Mary** 

## **Notes to the Financial Statements For The Year Ended 31 December 2023** 

## **1. ACCOUNTING POLICIES** 

## **Basis of preparing the financial statements** 

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006, governing the individual accounts of PCC's. 

The financial statements have been prepared under the historical cost convention. 

The financial statements include all transactions, assets and liabilities 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. 

## **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 and the amounts can be measured reliably. Rental income is recognised when the rental is due. Interest and dividends are accounted for when received. 

## **Expenditure** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

## **Tangible fixed assets** 

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 

- Freehold property not provided Fixtures and fittings - 15% on cost Office equipment - 15% on cost Computer equipment - 33% on cost 

## **Stocks** 

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. 

## **Taxation** 

The charity is exempt from tax on its charitable activities. 

## **Fund accounting** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

continued... 

Page 12 



## **The Parochial Church Council Of The Ecclesiastical Parish Of Bridlington St. Mary** 

## **Notes to the Financial Statements - continued For The Year Ended 31 December 2023** 

## **1. ACCOUNTING POLICIES - continued** 

## **Pension costs and other post-retirement benefits** 

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the  Statement of Financial Activities in the period to which they relate. 

## **2. DONATIONS AND LEGACIES** 

|Parish giving scheme and other planned donations<br>Income tax recoverable<br>Freewill offering<br>Open plate collections<br>Sundry donations<br>Legacies<br>Grants<br>Income from Votive candle|2023<br>a<br>£<br>27,827<br>10,526<br>12,019<br>16,618<br>12,460<br>425,000<br>2,209<br>1,725<br>508,384|2022<br>s restated<br>£<br>40,260<br>11,640<br>5,327<br>19,502<br>5,564<br>3,624<br>9,380<br>1,606<br>96,903|
|---|---|---|



The PCC administered collections from funerals and other events as agent on behalf of specified nominated third party charities during the year of £5,359 (2022 - £5,940). These collections are banked into the PCC general bank account, before payment is made to the nominated charity. Amounts collected as agent are not reflected in the Statement of Financial Activities. 

## **3. OTHER TRADING ACTIVITIES** 

|Shop income<br>Coffee<br>Parish magazine<br>Church and church hall lettings<br>Fêtes and bazaars<br>Concerts and events|2023<br>as<br>£<br>14,272<br>1,575<br>677<br>5,794<br>2,957<br>11,348<br>36,623|2022<br>restated<br>£<br>13,713<br>888<br>1,106<br>3,024<br>3,093<br>9,094<br>30,918|
|---|---|---|



## **4.** 

## **INVESTMENT INCOME** 

|Net rental income receivable<br>Dividends and interest|2023<br>as<br>£<br>15,000<br>31,454<br>46,454|2022<br>restated<br>£<br>15,677<br>22,320<br>37,997|
|---|---|---|



continued... 

Page 13 



## **The Parochial Church Council Of The Ecclesiastical Parish Of Bridlington St. Mary** 

## **Notes to the Financial Statements - continued For The Year Ended 31 December 2023** 

## **5. OTHER INCOME** 

|Wedding and funeral fees<br>**6.**<br>**RAISING FUNDS**<br>**Raising donations and legacies**<br>Church shop purchases<br>Cost of freewill offering envelopes<br>Concerts and events<br>Stockbroker fees<br>**7.**<br>**CHARITABLE ACTIVITIES COSTS**<br>Priory & Church Rooms<br>**8.**<br>**DIRECT COSTS OF CHARITABLE ACTIVITIES**<br>Staff costs<br>Diocesan freewill offering<br>Clergy housing<br>Vergers fees<br>YDBF fees re occasional office<br>Church insurance<br>Rooms insurance<br>Light and heat<br>Light and heat refund<br>General repairs<br>Room repairs<br>Music and organ tuning<br>Choir expenses<br>Upkeep of services<br>Churchyard upkeep<br>Sundry expenses<br>Architect<br>Website<br>Recruitment<br>Cleaning and water rates<br>Carried forward|Direct<br>Costs (see<br>note 8)<br>£<br>215,968|2023<br>a<br>£<br>30,079<br>2023<br>a<br>£<br>6,455<br>-<br>6,937<br>3,701<br>17,093<br>Support<br>costs (see<br>note 9)<br>£<br>7,792<br>2023<br>a<br>£<br>20,650<br>72,000<br>396<br>975<br>11,775<br>11,615<br>1,538<br>23,721<br>-<br>42,160<br>720<br>9,252<br>1,495<br>-<br>2,167<br>4,495<br>-<br>453<br>-<br>624<br>204,036|2022<br>s restated<br>£<br>34,690<br>2022<br>s restated<br>£<br>6,533<br>304<br>6,123<br>3,689<br>16,649<br>Totals<br>£<br>223,760<br>2022<br>s restated<br>£<br>23,036<br>70,008<br>152<br>-<br>14,458<br>10,332<br>1,491<br>22,502<br>(21,685)<br>19,277<br>5,577<br>5,544<br>1,015<br>2,369<br>1,820<br>1,936<br>3,617<br>500<br>999<br>413<br>163,361|
|---|---|---|---|



continued... 

Page 14 



## **The Parochial Church Council Of The Ecclesiastical Parish Of Bridlington St. Mary** 

## **Notes to the Financial Statements - continued For The Year Ended 31 December 2023** 

## **8. DIRECT COSTS OF CHARITABLE ACTIVITIES - continued** 

|Brought forward<br>Bell ringers<br>Depreciation<br>**9.**<br>**SUPPORT COSTS**<br>Finance<br>£<br>Priory & Church Rooms<br>725<br>**10.**<br>**INDEPENDENT EXAMINER**<br>Fee payable to Charles A Wood & Co for carrying out the Independent<br>examination for 2023 (including VAT)<br>Payroll service charge paid to Charles A Wood & Co (including VAT)<br>Fee payable to Mr S Gibson for carrying out the Independent examination<br>for 2022 (overprovision written back in 2023)|Brought forward<br>Bell ringers<br>Depreciation<br>**9.**<br>**SUPPORT COSTS**<br>Finance<br>£<br>Priory & Church Rooms<br>725<br>**10.**<br>**INDEPENDENT EXAMINER**<br>Fee payable to Charles A Wood & Co for carrying out the Independent<br>examination for 2023 (including VAT)<br>Payroll service charge paid to Charles A Wood & Co (including VAT)<br>Fee payable to Mr S Gibson for carrying out the Independent examination<br>for 2022 (overprovision written back in 2023)|2023<br>a<br>£<br>204,036<br>730<br>11,202<br>215,968<br>Governance<br>costs<br>£<br>7,067|2023<br>a<br>£<br>204,036<br>730<br>11,202<br>215,968<br>Governance<br>costs<br>£<br>7,067|2023<br>a<br>£<br>204,036<br>730<br>11,202<br>215,968<br>Governance<br>costs<br>£<br>7,067|2022<br>s restated<br>£<br>163,361<br>-<br>10,853<br>174,214<br>Totals<br>£<br>7,792|2022<br>s restated<br>£<br>163,361<br>-<br>10,853<br>174,214<br>Totals<br>£<br>7,792|
|---|---|---|---|---|---|---|
||||2023|||2022|
||||£|||£|
||||2,400|||-|
||||180||||
||||(50)|||950|
||||||||



## **11. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022. 

## **Trustees' expenses** 

Administrative expenses of £2,914 have been reimbursed to 7 of the trustees. 

## **12. STAFF COSTS** 

|Wages and salaries<br>Other pension costs<br>The average monthly number of employees during the year was as follows:<br>Organist|2023<br>as<br>£<br>20,230<br>420<br>20,650<br>2023<br>as<br>1|2022<br>restated<br>£<br>22,610<br>426<br>23,036<br>2022<br>restated<br>1|
|---|---|---|



No employees received emoluments in excess of £60,000. 

Page 15 

continued... 



## **The Parochial Church Council Of The Ecclesiastical Parish Of Bridlington St. Mary** 

## **Notes to the Financial Statements - continued For The Year Ended 31 December 2023** 

## **12. STAFF COSTS - continued** 

The Incumbent is remunerated directly by the Diocese of York. No remuneration is included in the Statement of Financial Activities as there is no liability for the PCC. 

## **13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** 

|**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>Other trading activities<br>Investment income<br>Other income<br>**Total**<br>**EXPENDITURE ON**<br>Raising funds<br>**Charitable activities**<br>Priory & Church Rooms<br>**Total**<br>Net gains/(losses) on investments<br>**NET INCOME/(EXPENDITURE)**<br>**Transfers between funds**<br>**Net movement in funds**<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>**TOTAL FUNDS CARRIED FORWARD**|Unrestricted<br>funds<br>£<br>96,653<br>30,918<br>16,906<br>34,690<br>179,167<br>12,960<br>173,042<br>186,002<br>-<br>(6,835)<br>(1,699)<br>(8,534)<br>473,476<br>464,942|Restricted<br>funds<br>£<br>250<br>-<br>21,082<br>-<br>21,332<br>3,689<br>8,422<br>12,111<br>(69,272)<br>(60,051)<br>1,699<br>(58,352)<br>617,280<br>558,928|Endowment<br>funds<br>£<br>-<br>-<br>9<br>-<br>9<br>-<br>-<br>-<br>(15,768)<br>(15,759)<br>-<br>(15,759)<br>152,831<br>137,072|Total<br>funds<br>as restated<br>£<br>96,903<br>30,918<br>37,997<br>34,690<br>200,508<br>16,649<br>181,464<br>198,113<br>(85,040)<br>(82,645)<br>-<br>(82,645)<br>1,243,587<br>1,160,942|
|---|---|---|---|---|



Page 16 

continued... 



## **The Parochial Church Council Of The Ecclesiastical Parish Of Bridlington St. Mary** 

## **Notes to the Financial Statements - continued For The Year Ended 31 December 2023** 

## **14. PRIOR YEAR ADJUSTMENT** 

During the year it was determined that the property that had been included within the financial statements as Investment property was subject to trusts that required the property to be held and used for the education of children in accordance with the principles of the Church of England. It was determined that it was incorrect to include the Investment property as an asset of the PCC and that the control and administration of the Investment property should be conducted by the Trustees of the Investment property (the Rector and the churchwardens). 

The Trustees (members of the PCC) have determined that the Investment property should be removed from the Statement of Financial Position by way of a prior period adjustment in order to correctly reflect the assets under their control. The comparative figures included in these financial statements have been re-stated accordingly. 

The Trustees of the Investment property have agreed that all the income received in relation to the property prior to 31 December 2023 should be retained by the PCC and that any costs incurred by the PCC would not be refunded. 

The overall impact on the financial statements is to reduce the Investment property by £115,000 with an equivalent reduction in the general fund reserves balance. 

## **15. TANGIBLE FIXED ASSETS** 

|**COST**<br>At 1 January 2023<br>Additions<br>At 31 December 2023<br>**DEPRECIATION**<br>At 1 January 2023<br>Charge for year<br>At 31 December 2023<br>**NET BOOK VALUE**<br>At 31 December 2023<br>At 31 December 2022|Freehold<br>property<br>£<br>350,000<br>-<br>350,000<br>-<br>-<br>-<br>350,000<br>350,000|Fixtures<br>and<br>fittings<br>£<br>72,350<br>-<br>72,350<br>56,730<br>10,853<br>67,583<br>4,767<br>15,620|Office<br>equipment<br>£<br>7,471<br>-<br>7,471<br>7,469<br>-<br>7,469<br>2<br>2|Computer<br>equipment<br>£<br>-<br>1,057<br>1,057<br>-<br>349<br>349<br>708<br>-|Totals<br>£<br>429,821<br>1,057|
|---|---|---|---|---|---|
||||||430,878|
||||||64,199<br>11,202|
||||||75,401|
||||||355,477|
||||||365,622|



The financial statements do not include the Bridlington Priory as an asset as it belongs to the Church of  England. The PCC is responsible for the upkeep and maintenance of the Priory. 

continued... 

Page 17 



## **The Parochial Church Council Of The Ecclesiastical Parish Of Bridlington St. Mary** 

## **Notes to the Financial Statements - continued For The Year Ended 31 December 2023** 

## **16. FIXED ASSET INVESTMENTS** 

|**MARKET VALUE**<br>At 1 January 2023<br>Revaluations<br>At 31 December 2023<br>**NET BOOK VALUE**<br>At 31 December 2023<br>At 31 December 2022<br>There were no investment assets outside the UK.<br>Cost or valuation at 31 December 2023 is represented by:<br>Valuation in 2023<br>Valuation in 2022<br>Cost<br>**17.**<br>**STOCKS**<br>Stocks<br>**18.**<br>**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Trade debtors<br>Other debtors<br>Prepayments and accrued income<br>Legacies receivable|Listed<br>investments<br>£<br>509,683<br>28,171<br>537,854<br>537,854<br>509,683<br>Listed<br>investments<br>£<br>28,171<br>(85,040)<br>594,723<br>537,854<br>2023<br>2022<br>as restated<br>£<br>£<br>8,614<br>6,431<br>2023<br>2022<br>as restated<br>£<br>£<br>5,367<br>6,026<br>21,547<br>31,431<br>6,548<br>15<br>155,000<br>-<br>188,462<br>37,472|
|---|---|



continued... 

Page 18 



## **The Parochial Church Council Of The Ecclesiastical Parish Of Bridlington St. Mary** 

## **Notes to the Financial Statements - continued For The Year Ended 31 December 2023** 

## **19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|Trade creditors<br>Social security and other taxes<br>Other creditors<br>Accruals and deferred income<br>**MOVEMENT IN FUNDS**<br>**Unrestricted funds**<br>General fund<br>Designated Fund - Sunday<br>School and Other<br>**Restricted funds**<br>Priory and organ<br>restoration<br>Organ<br>Churchyard<br>Fabric repairs<br>Choir & Music Fund<br>**Endowment funds**<br>Restoration Appeal Fund<br>Graves Maintenance<br>**TOTAL FUNDS**|At 1.1.23<br>£<br>557,014<br>22,928<br>579,942<br>525,940<br>12,554<br>4,034<br>16,400<br>-<br>558,928<br>137,072<br>-<br>137,072<br>1,275,942|Prior<br>year<br>adjustment<br>£<br>(115,000)<br>-<br>(115,000)<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>(115,000)|Net<br>movement<br>in funds<br>£<br>115,583<br>-<br>115,583<br>297,586<br>(3,119)<br>(2,107)<br>(16,400)<br>2,000<br>277,960<br>15,301<br>14<br>15,315<br>408,858|2023<br>£<br>22,197<br>123<br>2,537<br>7,905<br>32,762<br>Transfers<br>between<br>funds<br>£<br>22,928<br>(22,928)<br>-<br>8,695<br>(9,435)<br>-<br>-<br>-<br>(740)<br>-<br>740<br>740<br>-|2022<br>as restated<br>£<br>2,176<br>149<br>19,639<br>6,996<br>28,960<br>At<br>31.12.23<br>£<br>580,525<br>-<br>580,525<br>832,221<br>-<br>1,927<br>-<br>2,000<br>836,148<br>152,373<br>754<br>153,127<br>1,569,800|
|---|---|---|---|---|---|



## **20. MOVEMENT IN FUNDS** 

continued... 

Page 19 



## **The Parochial Church Council Of The Ecclesiastical Parish Of Bridlington St. Mary** 

## **Notes to the Financial Statements - continued For The Year Ended 31 December 2023** 

## **20. MOVEMENT IN FUNDS - continued** 

Net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Priory and organ restoration<br>Organ<br>Churchyard<br>Fabric repairs<br>Choir & Music Fund<br>**Endowment funds**<br>Restoration Appeal Fund<br>Graves Maintenance<br>**TOTAL FUNDS**|Incoming<br>resources<br>£<br>310,014<br>304,948<br>576<br>59<br>-<br>2,000<br>307,583<br>3,929<br>14<br>3,943<br>621,540|Resources<br>expended<br>£<br>(194,431)<br>(24,161)<br>(3,695)<br>(2,166)<br>(16,400)<br>-<br>(46,422)<br>-<br>-<br>-<br>(240,853)|Gains and<br>Movement<br>losses<br>in funds<br>£<br>£<br>-<br>115,583<br>16,799<br>297,586<br>-<br>(3,119)<br>-<br>(2,107)<br>-<br>(16,400)<br>-<br>2,000<br>16,799<br>277,960<br>11,372<br>15,301<br>-<br>14<br>11,372<br>15,315<br>28,171<br>408,858|Gains and<br>Movement<br>losses<br>in funds<br>£<br>£<br>-<br>115,583<br>16,799<br>297,586<br>-<br>(3,119)<br>-<br>(2,107)<br>-<br>(16,400)<br>-<br>2,000<br>16,799<br>277,960<br>11,372<br>15,301<br>-<br>14<br>11,372<br>15,315<br>28,171<br>408,858|
|---|---|---|---|---|
|||||277,960<br>15,301<br>14|
|||||15,315|
|||||408,858|



## **Comparatives for movement in funds** 

|**Unrestricted funds**<br>General fund<br>Designated Fund - Sunday School and<br>Other<br>**Restricted funds**<br>Priory and organ restoration<br>Organ<br>Churchyard<br>Fabric repairs<br>**Endowment funds**<br>Restoration Appeal Fund<br>**TOTAL FUNDS**|At 1.1.22<br>£<br>456,480<br>16,996<br>473,476<br>584,292<br>12,554<br>4,034<br>16,400<br>617,280<br>152,831<br>1,243,587|Net<br>movement<br>in funds<br>£<br>(12,767)<br>5,932<br>(6,835)<br>(60,051)<br>-<br>-<br>-<br>(60,051)<br>(15,759)<br>(82,645)|Transfers<br>between<br>funds<br>£<br>(1,699)<br>-<br>(1,699)<br>1,699<br>-<br>-<br>-<br>1,699<br>-<br>-|At<br>31.12.22<br>£<br>442,014<br>22,928|
|---|---|---|---|---|
|||||464,942<br>525,940<br>12,554<br>4,034<br>16,400|
|||||558,928<br>137,072|
|||||1,160,942|



continued... 

Page 20 



## **The Parochial Church Council Of The Ecclesiastical Parish Of Bridlington St. Mary** 

## **Notes to the Financial Statements - continued For The Year Ended 31 December 2023** 

## **20. MOVEMENT IN FUNDS - continued** 

Comparative net movement in funds, included in the above are as follows: 

|Incoming<br>Resources<br>resources<br>expended<br>£<br>£<br>**Unrestricted funds**<br>General fund<br>173,235<br>(186,002)<br>Designated Fund - Sunday School and<br>Other<br>5,932<br>-<br>179,167<br>(186,002)<br>**Restricted funds**<br>Priory and organ restoration<br>21,332<br>(12,111)<br>**Endowment funds**<br>Restoration Appeal Fund<br>9<br>-<br>**TOTAL FUNDS**<br>200,508<br>(198,113)<br>A current year 12 months and prior year 12 months combined position is as follows:<br>Prior<br>Net<br>year<br>movement<br>At 1.1.22<br>adjustment<br>in funds<br>£<br>£<br>£<br>**Unrestricted funds**<br>General fund<br>456,480<br>(115,000)<br>102,816<br>Designated Fund - Sunday<br>School and Other<br>16,996<br>-<br>5,932<br>473,476<br>(115,000)<br>108,748<br>**Restricted funds**<br>Priory and organ<br>restoration<br>584,292<br>-<br>237,535<br>Organ<br>12,554<br>-<br>(3,119)<br>Churchyard<br>4,034<br>-<br>(2,107)<br>Fabric repairs<br>16,400<br>-<br>(16,400)<br>Choir & Music Fund<br>-<br>-<br>2,000<br>617,280<br>-<br>217,909<br>**Endowment funds**<br>Restoration Appeal Fund<br>152,831<br>-<br>(458)<br>Graves Maintenance<br>-<br>-<br>14<br>152,831<br>-<br>(444)<br>**TOTAL FUNDS**<br>1,243,587<br>(115,000)<br>326,213|Incoming<br>Resources<br>resources<br>expended<br>£<br>£<br>**Unrestricted funds**<br>General fund<br>173,235<br>(186,002)<br>Designated Fund - Sunday School and<br>Other<br>5,932<br>-<br>179,167<br>(186,002)<br>**Restricted funds**<br>Priory and organ restoration<br>21,332<br>(12,111)<br>**Endowment funds**<br>Restoration Appeal Fund<br>9<br>-<br>**TOTAL FUNDS**<br>200,508<br>(198,113)<br>A current year 12 months and prior year 12 months combined position is as follows:<br>Prior<br>Net<br>year<br>movement<br>At 1.1.22<br>adjustment<br>in funds<br>£<br>£<br>£<br>**Unrestricted funds**<br>General fund<br>456,480<br>(115,000)<br>102,816<br>Designated Fund - Sunday<br>School and Other<br>16,996<br>-<br>5,932<br>473,476<br>(115,000)<br>108,748<br>**Restricted funds**<br>Priory and organ<br>restoration<br>584,292<br>-<br>237,535<br>Organ<br>12,554<br>-<br>(3,119)<br>Churchyard<br>4,034<br>-<br>(2,107)<br>Fabric repairs<br>16,400<br>-<br>(16,400)<br>Choir & Music Fund<br>-<br>-<br>2,000<br>617,280<br>-<br>217,909<br>**Endowment funds**<br>Restoration Appeal Fund<br>152,831<br>-<br>(458)<br>Graves Maintenance<br>-<br>-<br>14<br>152,831<br>-<br>(444)<br>**TOTAL FUNDS**<br>1,243,587<br>(115,000)<br>326,213|Gains and<br>losses<br>£<br>-<br>-<br>-<br>(69,272)<br>(15,768)<br>(85,040)<br>Transfers<br>between<br>funds<br>£<br>21,229<br>(22,928)<br>(1,699)<br>10,394<br>(9,435)<br>-<br>-<br>-<br>959<br>-<br>740<br>740<br>-|Movement<br>in funds<br>£<br>(12,767)<br>5,932<br>(6,835)<br>(60,051)<br>(15,759)<br>(82,645)<br>At<br>31.12.23<br>£<br>465,525<br>-<br>465,525<br>832,221<br>-<br>1,927<br>-<br>2,000<br>836,148<br>152,373<br>754<br>153,127<br>1,454,800|
|---|---|---|---|
|||||
|||||
|||||
|||||



continued... 

Page 21 



## **The Parochial Church Council Of The Ecclesiastical Parish Of Bridlington St. Mary** 

## **Notes to the Financial Statements - continued For The Year Ended 31 December 2023** 

## **20. MOVEMENT IN FUNDS - continued** 

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General fund<br>Designated Fund - Sunday School and<br>Other<br>**Restricted funds**<br>Priory and organ restoration<br>Organ<br>Churchyard<br>Fabric repairs<br>Choir & Music Fund<br>**Endowment funds**<br>Restoration Appeal Fund<br>Graves Maintenance<br>**TOTAL FUNDS**|Incoming<br>resources<br>£<br>483,249<br>5,932<br>489,181<br>326,280<br>576<br>59<br>-<br>2,000<br>328,915<br>3,938<br>14<br>3,952<br>822,048|Resources<br>expended<br>£<br>(380,433)<br>-<br>(380,433)<br>(36,272)<br>(3,695)<br>(2,166)<br>(16,400)<br>-<br>(58,533)<br>-<br>-<br>-<br>(438,966)|Gains and<br>Movement<br>losses<br>in funds<br>£<br>£<br>-<br>102,816<br>-<br>5,932<br>-<br>108,748<br>(52,473)<br>237,535<br>-<br>(3,119)<br>-<br>(2,107)<br>-<br>(16,400)<br>-<br>2,000<br>(52,473)<br>217,909<br>(4,396)<br>(458)<br>-<br>14<br>(4,396)<br>(444)<br>(56,869)<br>326,213|
|---|---|---|---|



## **Priory and organ restoration** 

The fund has arisen over several years from donations and legacies with specific provision for the restoration, maintenance and upkeep of the structure of the Priory and its integrated organ. Major repair costs for the fabric of the Priory are charged to the fund as they are incurred. 

## **Organ** 

This fund has been held for repairs specifically to the integrated organ. The fund is to be used for these maintenance costs in priority to the Priory and organ restoration fund. 

## **Churchyard** 

This fund is restricted as a bequest to be used as the PCC decides for the maintenance of the churchyard. 

## **Fabric repairs** 

The fund was established to provide for the maintenance of the fabric of the Priory. The fund was fully utilised during the year. 

## **Choir and Music Fund** 

In 2023, the Priory was left a specific legacy with the provision that the money had to be used to purchase music for and/or to used for the benefit of the choir as the choir shall decide. 

## **Graves maintenance endowment** 

This fund relates to bank deposits held to generate income for the maintenance of specified graves in the Churchyard. 

continued... 

Page 22 



# **The Parochial Church Council Of The Ecclesiastical Parish Of Bridlington St. Mary** 

## **Notes to the Financial Statements - continued For The Year Ended 31 December 2023** 

## **20. MOVEMENT IN FUNDS - continued** 

## **Transfers between funds** 

The balance on the Organ fund has been transferred to the Priory and Organ restoration fund as the purpose of the Organ fund is included within the purposes of the Priory and Organ restoration fund. 

It was identified during the year that certain bank accounts held as restricted funds within the Priory and organ restoration fund were incorrectly classified and should be reclassified as endowment funds as the income generated from these deposits was to be used for the maintenance of the specified grave. 

In previous years the Trustees had designated part of the unrestricted funds for the Sunday School and other purposes. The Trustees have agreed to remove this designation during the year. 

## **21. RELATED PARTY DISCLOSURES** 

There were no related party transactions for the year ended 31 December 2023. 

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## **The Parochial Church Council Of The Ecclesiastical Parish Of Bridlington St. Mary** 

## **Detailed Statement of Financial Activities For The Year Ended 31 December 2023** 

|**INCOME AND ENDOWMENTS**<br>**Donations and legacies**<br>Parish giving scheme and other planned<br>donations<br>Income tax recoverable<br>Freewill offering<br>Open plate collections<br>Sundry donations<br>Legacies<br>Grants<br>Income from Votive candle<br>**Other trading activities**<br>Shop income<br>Coffee<br>Parish magazine<br>Church and church hall lettings<br>Fêtes and bazaars<br>Concerts and events<br>**Investment income**<br>Net rental income receivable<br>Dividends and interest<br>**Other income**<br>Wedding and funeral fees<br>**Total incoming resources**<br>**EXPENDITURE**<br>**Raising donations and legacies**<br>Church shop purchases<br>Cost of freewill offering envelopes<br>Concerts and events<br>Stockbroker fees<br>**Charitable activities**<br>Wages<br>Carried forward|2023<br>a<br>£<br>27,827<br>10,526<br>12,019<br>16,618<br>12,460<br>425,000<br>2,209<br>1,725<br>508,384<br>14,272<br>1,575<br>677<br>5,794<br>2,957<br>11,348<br>36,623<br>15,000<br>31,454<br>46,454<br>30,079<br>621,540<br>6,455<br>-<br>6,937<br>3,701<br>17,093<br>20,230<br>20,230|2022<br>s restated<br>£<br>40,260<br>11,640<br>5,327<br>19,502<br>5,564<br>3,624<br>9,380<br>1,606|
|---|---|---|
|||96,903<br>13,713<br>888<br>1,106<br>3,024<br>3,093<br>9,094|
|||30,918<br>15,677<br>22,320|
|||37,997<br>34,690|
|||200,508<br>6,533<br>304<br>6,123<br>3,689|
|||16,649<br>22,610<br>22,610|



This page does not form part of the statutory financial statements 

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## **The Parochial Church Council Of The Ecclesiastical Parish Of Bridlington St. Mary** 

## **Detailed Statement of Financial Activities For The Year Ended 31 December 2023** 

|**Charitable activities**<br>Brought forward<br>Pensions<br>Diocesan freewill offering<br>Clergy housing<br>Vergers fees<br>YDBF fees re occasional office<br>Church insurance<br>Rooms insurance<br>Light and heat<br>Light and heat refund<br>General repairs<br>Room repairs<br>Music and organ tuning<br>Choir expenses<br>Upkeep of services<br>Churchyard upkeep<br>Sundry expenses<br>Architect<br>Website<br>Recruitment<br>Cleaning and water rates<br>Bell ringers<br>Fixtures and fittings<br>Computer equipment<br>**Support costs**<br>**Finance**<br>Bank charges<br>**Governance costs**<br>Independent examination<br>Payroll services<br>Office costs<br>Total resources expended<br>**Net income**|2023<br>a<br>£<br>20,230<br>420<br>72,000<br>396<br>975<br>11,775<br>11,615<br>1,538<br>23,721<br>-<br>42,160<br>720<br>9,252<br>1,495<br>-<br>2,167<br>4,495<br>-<br>453<br>-<br>624<br>730<br>10,853<br>349<br>215,968<br>725<br>2,350<br>180<br>4,537<br>7,067<br>240,853<br>380,687|2022<br>s restated<br>£<br>22,610<br>426<br>70,008<br>152<br>-<br>14,458<br>10,332<br>1,491<br>22,502<br>(21,685)<br>19,277<br>5,577<br>5,544<br>1,015<br>2,369<br>1,820<br>1,936<br>3,617<br>500<br>999<br>413<br>-<br>10,853<br>-<br>174,214<br>537<br>900<br>-<br>5,813<br>6,713<br>198,113<br>2,395|
|---|---|---|



This page does not form part of the statutory financial statements 

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