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2020-12-31-accounts

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE

REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2020

Charity Number 1178248

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE

ANNUAL REPORT AND FINANCIAL STATEMENTS

For the year ended 31 December 2020

Contents Page
Trustees annual report 1 to 10
Independent examiners report 11
Statement of Financial Activities (including 12
income and expenditure account)
Balance sheet 13
Statement of Cash Flow 14
Notes to the financial statements 15 to 24

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE

TRUSTEES ANNUAL REPORT

For the year ended 31 December 2020

The trustees are pleased to present their annual trustees’ report together with the financial statements of the charity for the year ended 31 December 2020.

The financial statements comply with the Charities Act 2011, the Memorandum and Articles of Association, and 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).

1. Objectives and Activities

Aims of the Charity

The Parochial Church Council of the Ecclesiastical Parish of Gateshead St George (St George’s PCC) has the responsibility of cooperating with the Priest-in-Charge, the Reverend Richard Grant, in promoting in the surrounding area and across the wider Tyneside region the whole mission of the Church, pastoral, evangelical, social and ecumenical.

Objectives, strategies and activities for the year

Despite the challenges of the Covid-19 pandemic (which will be detailed in the ministry reports), the church was able to lean into these goals and develop existing and new areas of ministry. This was particularly true for discipleship using midweek community when we were forced to pivot into a ‘House Church’ model when church buildings were closed, with Connect Groups meeting midweek, but also after online church on Sundays, which allowed people to build strong Jesus-centred relationships despite physical separation and to support each other during the difficult time.

The pandemic also allowed our Social Transformation ministry to grow exponentially. While we would very much rather not have to meet a need, we are grateful to God for opening doors and providing us with opportunities to serve our neighbors, and with opportunities to do this long-term.

The ministry reports detail more about the activities of the church during 2020.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE

TRUSTEES ANNUAL REPORT For the year ended 31 December 2020

2. Achievements and Performance

Evaluation and outputs

Worship & Prayer (2020)

2020 saw worship change and grow. Grace Mccarthy led the church’s worship ministry until August 2020. Worship online and in homes was new for the church. Grace, with the help of James Barker, managed to record, produce, and edit each week to enable us to continue to worship as a church. We are thankful to Grace for the work she did both through the pandemic, and what she contributed to St Gs Worship and Prayer since 2017. Since the autumn, the worship team has been led by Lucy Aspray. As we have returned to in-person alongside online worship, we have seen new worship leaders emerge to lead St Gs in sung worship.

We’ve (re)learned that sung worship is about the presence of God and the decision of the church to keep singing in the midst of every situation, even when we are not allowed to sing out loud. We look forward to being able to sing again in 2021 but more than that, to being a church that continues to seek the presence of God and his breakthrough in our lives and our community.

PASTORAL CARE

Mission and Evangelism

Children & Families

The start of 2020 saw Katie Bewick take over as Kids Pastor, which she oversaw until September when she passed it on to Zoe Robinson. Under their direction, St G’s Kids has flourished, engaging 26 families, both in-person and online, to help disciple our kids and teach them about Jesus.

While meeting as kids church was not allowed, the team released weekly Sunday videos and held special online events, eg watch-along cinema and Afterschool hangout. The team also delivered weekly craft packs, which was a great way to keep a strong connection with the families, both kids and parents. During early lockdown, Lucy Aspray supported the youngest members of the church by hosting a weekly “Little Ones” live on Facebook.

When meeting in person was allowed again, the team were able to work within Covid restrictions and provide in-person Kids Church at every Sunday gathering, and also run a light party in October.

During the summer we were able to partner with the local council and run a weekly holiday club for both church families and local children. This was a great way to meet and engage some of the families we’d also been supporting with hot meals.

Tots and Toddlers was placed on hold at the start of the pandemic and we are now starting to review provision (including mid-week events) for u5s.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE

TRUSTEES ANNUAL REPORT

For the year ended 31 December 2020

Youth

Youth ministry in 2020 started strong, with a great Awaken Youth weekend away to the Lake District.

When lockdown started in March, Maddie and the Youth team used different technology platforms to keep connected and engaged with the Youth, which included Awaken Thursdays IG live, Awaken IG daily input and weekly Skype groups. These were great and innovative ways to connect but the realities of home life in lockdown meant that some young people struggled to stay connected while others flourished in groups.

However, when we were able to run in-person meetings during the summer holidays (through partnership with the council) many of the youth came back and were able to re-engage, and thankfully this continued to when Awaken Thursdays could restart (temporarily) in the autumn). Younger Youth also started meeting during gatherings once in-person church restarted.

We also had the opportunity to work with Youth for Christ NE and go into Grace College to deliver 2 programs for teenagers.

Students

Student ministry has been one area hit particularly hard by Covid and other external factors. While the year started well with a great weekend away, when universities shut in March all students returned home. James did an excellent job by continuing to connect with and engage with them all, including running a midweek group. However, many have not returned post-graduation and/or have only been in the north-east for limited periods of time in the 20/21 academic year.

However, there are still a core group who continue to engage with St George’s, despite the additional challenges of social distancing when attending a gathering alone, and in A/W 2020 we partnered with the student organisation Just Love, who supported our Food Corner on a weekly basis.

Looking into 2021, student-specific ministry will be an area we review, as the student and NE church landscape becomes clearer.

Alpha

We were part way through an Alpha course when lockdown hit, so became very early adopters of Online Alpha. We were also involved with a nation-wide Alpha pilot with targeted paid-for-advertising for Online Alpha. Despite a lot of interest and hits/click-throughs, this didn’t generate any actual Alpha particpants, reinforcing the importance of the personal connection and invitation onto a course.

However, despite this, Online Alpha worked well and will be something we consider as we plan Alpha into 2021.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE

TRUSTEES ANNUAL REPORT

For the year ended 31 December 2020

Fundraising

The vast majority of St George’s income from donations comes from the congregation. Church of England Strategic Development Fund (SDF) Funding has enabled us to continue to invest in staffing, and last year were successful in applying for round 2 of funding, which will enable further significant investment in Youth Ministry and run for 5 years from July 2020.

Our social transformation work in 2020 was initial supported with a donation from CRT, and then sustained by being part of a successful CRT funding bid to the DCMS (Department for Digital, Culture, Media & Sport).

CONNECT GROUPS

Connect Groups are our midweek Groups where we are intentionally pursuing Jesus together as we love God, love each other and love our neighbours. During the pandemic they have taken on a new significance. Beginning as House Church Connects, and now known Connect Groups, these will remain for St Gs a significant part of our life together.

In 2020, Connect Groups were our primary way of connecting as a church. They were a place to encourage each other, a place to explore what God has for us (including Tools for Discipleship course) and a place to explore how we can serving our world.

SOCIAL TRANSFORMATION

At the start of April, we were involved in the very start of “Love Your Neighbor”, CRT’s social response to the pandemic, setting up a foodbank which delivered 60 parcels weekly. This then developed into Food Corner, a social supermarket held weekly in Hope House (current attendance around 50-60 weekly) which we will continue to run and develop into 2021. This has also allowed us to build relationships with the council and other local organisations such as Best of Bensham and Oasis. During lockdown 1 and then summer, we provided hot meals to homeless people who were being put up in a hotel, and then to local families over the summer holiday.

Bloom, our ministry to new mums, has also continued to flourish during 2020, as Naomi, Nina and Jen have continued to work hard to connect with midwives and health visitors to support mums in the first weeks post-birth.

As we came out of “crisis” mode and our vision for social transformation grew, we investigated opportunities for additional services such as employability training, and decided at the end of 2020 to start a CAP Jobs Club, which launches in spring 2021.

At Christmas we took part in Love Christmas, a CRT initiative to bless our neighborhood. We provided around 2000 bags and Christmas dinners to local schools, organisations and the streets around the church.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE

TRUSTEES ANNUAL REPORT

For the year ended 31 December 2020

3. Financial review

Review of the year

The results for the year and the company's financial position at the end of the year are shown in the attached financial statements.

During the year the Charity had income of £545,909 (2019: £309,667) of which £353,796 is restricted (2019: £82,180) and expenditure of £250,337 (2019: £247,840) of which £111,481 was restricted (2019: £92,715). There was an operating surplus of £295,572 (2019: £61,827) of which £242,315 was restricted (2019: deficit £10,534).

At 31 December 2020 the Charity had net assets of £370,222 (2019: £74,650) of which £48,622 was restricted (2019: £687).

Reserves policy

The Trustees consider the level of reserves, £321,600 (2019 £73,964), prudent for the Charity at this time taking into account potential liabilities in the event that the charity ceased. Our Reserves Policy is reviewed annually.

Risk Management

Where appropriate, procedures and policies have been put in place to mitigate the risks that the church faces. Risk Assessments have been carried out for all regular events and activities and are reviewed at least annually. Additional risk assessments are also completed by the relevant staff member(s) in advance of one-off activities and events.

When planning for in-person events during the pandemic, we always carried out risk assessments to ensure covid-security, basing these on latest government and Church of England advice.

4. Plans for future periods

All plans below reflect planning status considering the impact of the current Covid-19 pandemic.

Staffing

In 2021, we will be strengthening the staff team with the appointment of 2 curates and we also plan to make appointments to several key positions including Youth Lead and Worship Lead. We also plan to appoint a CAP Debt Centre Manager part-time. We will also continue to build on the work done in 2020 around improving HR processes.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE

TRUSTEES ANNUAL REPORT

For the year ended 31 December 2020

Ministry

In 2020, we plan to focus on developing all our ministries, including restructuring Sundays. We are in continued discussions with the Diocese of Durham regarding church-planting. As a leadership, we set three priorities for 2020:

  1. Release more lay leadership

  2. Develop a culture of discipleship, using midweek community as the main vehicle

  3. Establish a social transformation ministry in line with Hope House that can play its part in contributing to long-term change in Gateshead.

Campus

We continue to invest in our campus. In terms of the church building, we applied for funding to renew the church doors in order to fix them, and create a more welcoming entrance to church. We also continue to review how can effectively use outdoor space.

Centre

The Centre was renamed Hope House in 2019. The vision is for this to be a centre of training, evangelism and transformation for our community. Planning permission and Building Control permission was sought and granted to begin circa £150k redevelopment of the Centre, which reclaims the derelict parts of the building, significantly upgrades the electrics and fabric, and reopens the original 1930s entrance. This significant investment will be a legacy for Gateshead for years to come.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE

TRUSTEES ANNUAL REPORT For the year ended 31 December 2020

1. Reference and administrative details of the charity, its trustees and advisors

Registered charity name

The Parochial Church Council of the Ecclesiastical Parish of Gateshead St George

Charity number

1178248

Registered office

St George’s Church Office 1-9 Inskip Terrace Gateshead Tyne and Wear NE8 4AJ

Trustees and Members of the Board

Ex Officio members:

Elected members:

Co-opted Members

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE

TRUSTEES ANNUAL REPORT

For the year ended 31 December 2020

Non-Voting Members

• Nina Thurlow (Secretary)

Independent Examiner

Jim Dodds

Connected Voice Charity Business Services Higham House Higham Place Newcastle upon Tyne. NE1 8AF.

Bankers

CAF Bank Ltd National Westminster Bank

2. Structure, governance and management

Culture, governance and management

St George’s has six groups for leadership and accountability. It is assumed that all those involved are committed to the life of the church (for example, are part of a midweek Group and committed to a Sunday Gathering) and supportive of the vision to establish a Resource Church in Tyneside, as per the Bishop of Durham’s invitation in November 2015.

The Staff Team

The Staff Team lead the church on a day to day basis and are led by the Priest-in-Charge. This involves making decisions about the day to day running of the church. Staff have regular patterns of meeting throughout the week and month.

The Executive Team

The Executive Team is a combination of Senior Staff and Wardens. The team is involved in long term strategic decision making and offer peer accountability to the Priest-in-Charge and Senior Team. Executive team will be key for staffing decisions. They are accountable to the PCC and meet termly.

In 2021, we will be building a new Senior Leadership team, and invest in our leadership pipeline.

The PCC

The PCC is representative of the wider church and offers accountability to the staff team and executive team. The Council allows the staff team to function by encouraging it its day to day tasks whilst asking questions of accountability. We have tried to encourage a council that is representative of the church. During 2018 the council met seven times, plus APCM. The method of appointment of PCC members is set out in the Church Representation Rules. At St. George’s the membership of the PCC consists of the Priest-in-Charge, Church wardens, the reader and members elected by those members of the congregation who are on the electoral roll of the church.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE

TRUSTEES ANNUAL REPORT

For the year ended 31 December 2020

Employment Group

The Employment Group is responsible for employing and reviewing staff and staffing structures at St George’s. The Group is delegated from the Trustees and is made up the Priest-In-Charge and the Wardens.

Building Group

The Building Group is a delegated group from the Trustees. The Group meets to explore the best ways for St George’s to use the campus in order for the Church to meet its goals.

Ministry Teams

Ministry Teams are drawn from across the church and overseen by the staff team, who are accountable to the PCC and Executive Team. Ministry Teams meet for ‘Huddle’ regularly.

Governing Document

The governing document is The Parochial Church Councils (Powers) Measure 1956 as amended and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended).

Appointment of the trustees

Trustees are those appointed to sit on the PCC at St George’s. The method of appointment of PCC members is set out in the Church Representation Rules.

Organisation

St George’s PCC is a registered charity, no. 1178248. The charity was registered on 4th May 2018. The PCC has the responsibility of cooperating with the Priest-in-Charge, the Reverend Richard Grant, in promoting in the surrounding area and across the wider Tyneside region the whole mission of the Church, pastoral, evangelical, social and ecumenical.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE

TRUSTEES ANNUAL REPORT For the year ended 31 December 2020

7. Statement of Trustee Responsibilities

The trustees are responsible for preparing the Trustees’ Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity SORP requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of incoming resources and application of resources, including the receipts and payments of the charity for that year. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees on ______ and signed on their behalf by: 14 Jul 21

Richard Grant, Vicar Chairman

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

For the year ended 31 December 2020

I report on the financial statements of The Parochial Church Council of the Ecclesiastical Parish of Gateshead St George for the year ended 31 December 2020, which are set out on pages 1 � to 2 4 .

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 ("the Charities Act) and that an independent examination is needed.

The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a Fellow

of the Association of Accounting Technicians.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner's statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Jim Dodds Connected Voice Charity Business Services Higham House Higham Place Newcastle upon Tyne NE1 8AF Date: 14 Jul 21

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE

STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 31 December 2020

5
6
Other trading activities
7
8
Expenditure on:
9
Total funds carried forward
Reconciliation of funds
Total funds brought forward
Notes
Total income
Donations and legacies
Income from:
Investments
Charitable activities
Grants and contracts
Operation of the charity
Total expenditure
Net income/(expenditure)
Transfers between funds
Net movement of funds
Charitable activities		 Unrestricted
Funds
£
166,852
16,600
8,575
86
192,113
138,857
138,857
53,257
194,380
247,636
73,964
321,600		 Restricted
Funds
£
89,253
262,329
2,214
-
353,796
111,481
111,481
242,315
( 194,380 )
47,936
687
48,622		 Total
2020
£
256,105
278,929
10,789
86
545,909
250,337
250,337
295,572
-
295,572
74,650
370,222		 Total
2019
£
199,939
83,167
26,464
96
309,667
247,840
247,840
61,827
-
61,827
12,822
74,650

The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities

The notes on pages 1 5 to 2 4 form an integral part of these accounts.

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Charity Number 1178248

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE

BALANCE SHEET

As at 31 December 2020

Total
2020
£
£
Fixed assets
Tangible assets
16
287,843
Total fixed assets
287,843
Current assets
Debtors
17
324
Cash at bank and in hand
18
97,172
Total current assets
97,496
Creditors:amounts falling due within
one year
19
( 732 )
Net current assets
96,764
Total assets less current liabilities
384,607
Creditors:amounts falling due after
more than one year
20
( 14,385 )
Total net assets or liabilities
370,222
Funds of the charity
Unrestricted income funds
321,600
Restricted income funds
48,622
Total funds
370,222
Notes
The notes on pages 15to 24form an integral part of these accounts.
These financial statements were approved by the Board on:
and are signed on its behalf by:
Stephen Moran
Treasurer
and are signed on its behalf by:
Richard Grant,
Vicar
Chairman
14 Jul 21		 Total
2020
£
£
Fixed assets
Tangible assets
16
287,843
Total fixed assets
287,843
Current assets
Debtors
17
324
Cash at bank and in hand
18
97,172
Total current assets
97,496
Creditors:amounts falling due within
one year
19
( 732 )
Net current assets
96,764
Total assets less current liabilities
384,607
Creditors:amounts falling due after
more than one year
20
( 14,385 )
Total net assets or liabilities
370,222
Funds of the charity
Unrestricted income funds
321,600
Restricted income funds
48,622
Total funds
370,222
Notes
The notes on pages 15to 24form an integral part of these accounts.
These financial statements were approved by the Board on:
and are signed on its behalf by:
Stephen Moran
Treasurer
and are signed on its behalf by:
Richard Grant,
Vicar
Chairman
14 Jul 21		 £
13,775
104,749
118,524
( 73,981 )
( 13,431 )		 Total
2019
£
43,539
43,539
44,543
88,082
74,650
73,964
687
74,650

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Charity Number 1178248

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE

STATEMENT OF CASH FLOWS

For the year ended 31 December 2020

Cash flows from operating activities
Profit before taxation
Add back:
Depreciation
Investment income
Interest expense
Decrease in trade receivables
Decrease in trade payables
Cash generated from operations
Less:
Interest paid
Net cash from operating activities
Cash flow from investing activities
Purchase of property, plant and equipment
Interest received
Net cash used in investing activities
Decrease in cash and cash equivalents
Cash and cash equivalents at start of year
Cash and cash equivalents at end of year		 2020
£
295,572
15,150
( 86 )
1,120
13,451
( 73,249 )
251,957
( 166 )
251,791
( 259,453 )
86
( 259,367)
( 7,576 )
104,749
97,172		 2019
£
61,827
-
( 96 )
179
( 13,775 )
70,441
118,576
( 179 )
118,397
( 43,539 )
96
( 43,443)
74,955
29,794
104,749

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2020

1 Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

2 Basis of accounting

2.1 Basis of preparation

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with 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) – Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The Parochial Church Council of the Ecclesiastical Parish of Gateshead St George meets the definition of a

2.2 Preparation of the accounts on a going concern basis

The charity reported total unrestricted funds at the year end of £321,600 and has already secured a significant amount of funding for the current year. The trustees are of the view that the immediate future of the charity is secure and that on this basis the charity is a going concern.

3 Income

3.1 Recognition of income

Income is recognised when the charity has entitlement to the resources, any performance conditions attached to the item(s) of income have been met, it is more likely than not that the resources will be received and the monetary value can be measured with sufficient reliability

3.2 Offsetting

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by FRS102 SORP or FRS102.

3.3 Grants and donations

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of the provision of a specified service is deferred until the criteria of income recognition are met.

3.4 Volunteer help

The value of volunteer help received is not included in the accounts but is described in the trustees' annual report.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2020

3.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

3.6 Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the

4 Expenditure and liabilities

4.1 Liability recognition

Liabilities are recognised when it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

4.2 Charitable activities

Expenditure on charitable activities includes the costs of work and other activities undertaken to further the purposes of the charity and their associated support costs.

4.3 Governance and support costs

Support costs have been allocated between governance cost and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.

4.4 Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts.

4.5 Provisions for liabilities

A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2020

Analysis of income

5
6
7
8		 Donations and legacies
Charitable activities
Income from grants
Other trading activities
Income from investments
Special Offering
Bank interest
Donations and gifts
Gift Aid
Joyce Estate
Bridepoint Advise
Durham DBF
DCMS match funding
Hope House
SDF Funding
Joseph Rank Trust
Diocese of Durham
HM Excise VAT
Event Income
Merchandise Income
Urban Action Trust
Services
Premises Hire
Other		 Unrestricted
Funds
£
143,785
16,067
7,000
166,852
-
-
-
16,000
-
-
-
600
16,600
-
4,752
102
2,095
-
722
905
8,575
86
86		 Restricted
Funds
£
52,828
36,425
-
89,253
25,000
3,781
63,200
40,000
50,000
-
80,348
-
262,329
-
-
-
-
-
2,214
-
2,214
-
-		 Total
2020
£
196,613
52,492
7,000
256,105
25,000
3,781
63,200
56,000
50,000
-
80,348
600
278,929
-
4,752
102
2,095
-
2,936
905
10,789
86
86		 Total
2019
£
166,286
33,653
-
199,939
-
-
-
-
-
10,000
73,167
-
83,167
12,486
7,302
362
694
-
1,322
4,298
26,464
96
96

Income was £545,909 (2019: £309,667) of which £192,113 was unrestricted or designated (2019: £227,487) and £353,796 was restricted (2019: £82,180)

17

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2020

Analysis of expenditure on charitable activities

9 Charitable activities
Direct costs
Support costs
COVID Work from home
Parish Share / common fund
Response
Loan interest
Governance costs
Ministries
Communication and media
Mission
Pastoral expense
Parish Share
Staff training and expenses
Other Cost
Bank Charges
Building Management
Independent examiner's fees for reporting on
the accounts
Build Insurance
WC Project
Link Block Project
Depreciation
AGM Expenses
Social Transformation Projects
Promotion and Marketing
Staffing costs
Office and Administration
Centralised Resources
Worship
Professional and Accounting Fees		 Unrestricted
Funds
£
1,294
17,602
-
10,401
-
42,597
2,395
7,022
2,732
114
166
11,137
6,441
-
-
500
3,212
1,276
13,988
618
954
15,150
732
498
-
30
138,857		 Restricted
Funds
£
-
-
-
-
-
79,730
-
-
-
-
-
-
-
-
-
25,603
-
147
-
5,383
-
-
-
618
-
-
111,481		 Total
2020
£
1,294
17,602
-
10,401
-
122,327
2,395
7,022
2,732
114
166
11,137
6,441
-
-
26,103
3,212
1,423
13,988
6,000
954
15,150
732
1,116
-
30
250,337		 Total
2019
£
2,249
36,181
1,275
11,545
12,834
110,593
7,158
7,342
15,439
1,276
179
23,447
6,029
8,714
2,166
-
-
-
-
-
-
-
696
326
391
-
247,840

Expenditure on charitable activities was £250,337 (2019: £247,876) of which £138,857 was unrestricted or designated (2019: £155,161) and £111,481 was restricted (2019: £92,715)

18

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2020

10 Fees for examination of the accounts

Independent examiner's fees for reporting on the accounts

2020
£
732
732		 2019
£
696
696

11 Analysis of staff costs and the cost of key management personnel

Salaries and wages
Pension costs (defined contribution pension plan)		 2020
£
119,253
4,174
123,427		 2019
£
119,253
4,174
123,427

No employee received remuneration above £60,000 (2019: £nil)

The key management personnel of the charity, comprise the Trustees. The total employee benefits of the key management personnel of the charity were £0.

12 Staff numbers

The average monthly head count was 8 staff (2019: 8 staff) and the average monthly number of full-time equivalent employees during the year were as follows:

Charitable activities
The parts of the charity in which the employee's work		 2020
Number
7.0
7.0		 2019
Number
7.0
7.0

13 Transactions with trustees

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity.

Trustees' expenses

The following detail the expenses incurred by the trustees.

Leaving gifts for trustees 2020
£
30
30		 2019
£
-
-

Transaction(s) with related parties

There have been no related party transactions in the reporting period.

19

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2020

14 Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The employer's pension costs represent contributions payable by the charity to the fund and amount to £5,479 (2019: £4,174). There was £0 outstanding as at 31 December 2020 (2019: £0)

15 Corporation Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.

Tangible fixed assets
Cost
Balance brought forward
Additions
Disposals
Balance carried forward
Depreciation
Basis
Rate
Balance brought forward
Depreciation charge for year
Disposals
Balance carried forward
Net book value
Brought forward
Carried forward		 Property
development
£
43,539
259,453
-
302,992
SL
5%
-
15,150
-
15,150
43,539
287,843		 Total
£
43,539
259,453
-
302,992
-
15,150
-
15,150
43,539
287,843

16 Tangible fixed assets

17 Debtors and prepayments (receivable within 1 year)

ebtors and prepayments (receivable within 1 year)
Prepayments
Debtors		 2020
£
324
-
324		 2019
£
11,701
2,074
13,775

20

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2020

18 Cash at bank and in hand

Current account
Saving account
Petty cash		 2020
£
25,014
72,002
157
97,172		 2019
£
11,444
93,122
183
104,749

19 Creditors and accruals (payable within 1 year)

Other accruals
Independent examination of accounts
Deferred income
Hope House Gift Day
Church Revitalisation Trust (CRT)
Accruals		 2020
£
732
-
-
-
732		 2019
£
696
-
23,285
50,000
73,981

20 Creditors and accruals (payable after more than 1 year)

Long Term Loan 2020
£
14,385
14,385		 2019
£
13,431
13,431

21 Deferred income

Deferred income comprises of advance payments from grants that relate to future periods

Amount deferred in year
Amount released to income earned from
charitable activities
Balance brought forward
Balance carried forward		 2020
£
73,285
( 73,285 )
-
-

21 Events after the end of the reporting period

Due to the COVID-19 pandemic, it has put pressure on all businesses in 2020. It should be noted that the trade debtors have been received and the creditors are being paid when the payments are falling due. With the deferred income being held for the purposes for which it is designated. The Trustees are in agreement that the loan is only repaid when details of the loan agreement are received from the loaner.

No other significant events affecting the Company since the year end.

21

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2020

22 Analysis of charitable funds

Analysis of movements in unrestricted funds

For the year ended 31 December 2020

Unrestricted funds
General unrestricted fund
Designated funds
Building project
Totals		 Revised
Fund
balances
brought
forward
£
30,425
43,539
73,964		 Incoming
resources
£
192,113
-
192,113		 Resources
expended
£
( 123,707 )
( 15,150 )
(138,857)		 Transfers
£
( 65,074 )
259,454
194,380		 Fund
balances
carried
forward
£
33,757
287,843
321,600

For the year ended 31 December 2019

Unrestricted funds
General unrestricted fund
Designated funds
Building project
Totals		 Revised
Fund
balances
brought
forward
£
397
-
397		 Incoming
resources
£
227,487
-
227,487		 Resources
expended
£
( 155,125 )
-
(155,125)		 Transfers
£
( 42,335 )
43,539
1,204		 Fund
balances
carried
forward
£
30,424
43,539
73,963

Purpose of unrestricted funds

General unrestricted fund Building project

The 'free reserves' of the charity Complete renovation of Hope House (Church centre)

22

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2020

22 Analysis of charitable funds (continued)

Analysis of movement in restricted funds

For the year ended 31 December 2020

Restricted funds
Blackheart Orchestra
Building Project Phase 3
Hope House
International Response
Love Your Neighbour
Bloom
Christmas Offering
SDF Funding
Totals		 Fund
balances
brought
forward
£
124
-
-
-
-
330
233
-
687		 Incoming
resources
£
-
164,535
2,214
5,383
71,109
720
-
109,836
353,796		 Resources
expended
£
-
-
-
( 5,383 )
( 25,605 )
( 146 )
-
( 80,348 )
(111,481)		 Transfers
£
( 124 )
( 164,535 )
-
-
-
-
( 233 )
( 29,488 )
(194,380)		 Fund
balances
carried
forward
£
-
-
2,214
-
45,504
904
-
-
48,622

For the year ended 31 December 2019

Restricted funds
Blackheart Orchestra
Diocese Grant - Youth
Focus
New WCs
Youth Work (JRT)
Bloom
Christmas Offering
SDF Funding
Soul Survivor
Totals		 Fund
balances
brought
forward
£
106
71
-
6,102
6,146
-
-
-
-
12,425		 Incoming
resources
£
18
-
2,422
160
10,000
330
233
68,007
1,010
82,180		 Resources
expended
£
-
( 71 )
( 2,422 )
( 5,058 )
( 16,146 )
-
-
( 68,007 )
( 1,010 )
(92,714)		 Transfers
£
-
-
-
( 1,204 )
-
-
-
-
-
(1,204)		 Fund
balances
carried
forward
£
124
-
-
-
-
330
233
-
-
687

23

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2020

22 Analysis of charitable funds (continued)

Purpose of restricted funds

Restricted funds represent income resources used for a specific purpose within the charity as identified by the donor.

Blackheart Orchestra Funds taken from external concert booking Bloom Ministry to help mother with new born babies Building Project Phase 3 Complete renovation of Hope House (Church centre) Christmas Offering Special collection taken at Christmas Diocese Grant - Youth Funds to support youth projects Focus Christian festival events and attendance Hope House Appeal for the refurbishment and renaming of church centre International Response Congregational giving for coronavirus response in Kenya and Myanmar Love Your Neighbour Community support ministries, for example food provision and employability training New WCs Funds to build new WCs at St. George's SDF Funding Strategic Development Fund funding Soul Survivor Christian youth festival events and attendance Youth Work (JRT) Grant from Joseph Rank Trust to support youth projects

23 Capital commitments

As at 31 December 2020, the charity had no capital commitments (2019 -£nil)

24 Analysis of net assets between funds

Long term assets/(liabilities)
Tangible fixed assets
Other net current assets/(liabilities)
Cash at bank and in hand
Tangible fixed assets
Cash at bank and in hand
Other net current assets/(liabilities)
Long term assets/(liabilities)		 Funds
£
287,843
48,549
( 408 )
( 14,385 )
321,600
Funds
£
43,539
104,062
( 60,206 )
( 13,431 )
73,964
Unrestricted
Unrestricted		 Restricted
Funds
£
-
48,622
-
-
48,622
Restricted
Funds
£
-
687
-
-
687		 Total
2020
£
287,843
97,171
( 408 )
( 14,385 )
370,222
Total
2019
£
43,539
104,749
( 60,206 )
( 13,431 )
74,651

24