THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE
ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2022
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE ANNUAL REPORT AND FINANCIAL STATEMENTS
For the year ended 31 December 2022
|Contents|Page|
|---|---|
|Objectives and activities|2|
|Achievements and Performance|2|
|Financial Review|9|
|Plans for Future Periods|10|
|Reference and Administrative details of the Charity, Trustees and Advisors|11|
|Structure, Governance and Management|12|
|Statement of Trustees’ Responsibilities|14|
|Independent Examiner’s Report to the Trustees|15|
|Statement of Financial Activities|16|
|Balance Sheet|17|
|Statement of Cash Flows|18|
|Notes to the Financial Statements|19 -30|
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2022
## Objectives and Activities
The trustees are pleased to present their annual trustees’ report together with the financial statements of the charity for the year ended 31 December 2022.
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 2015)
## 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
As the country emerged from the consequences of the pandemic, Alive Church began to restart ministry and pioneer new initiatives.
Over 2022, the church has grown in number and in its impact. We continued to develop Sunday Gatherings, midweek Alive Communities and Alpha.
We continued to develop work with the young and the vulnerable, whilst continuing to be a church that is intergenerational and diverse.
The ministry reports detail more about the activities of the church during 2022.
## Achievements and Performance
## Worship & Prayer
We established a weekly band rehearsal. This is a space where the band come together to pray, worship and rehearse the songs for the coming Sunday. It is also a space for people who are interested in joining the worship or production teams to find out about using our equipment and what it’s like to be part of the team here at Alive Church.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2022
In 2022 we have had a particular focus on how we make worship more accessible and diverse.
We have worked hard to make the worship accessible to all ages. Some of our songs have been translated into different languages to enable our international community to engage in worship.
This year has seen the start of bi-lingual worship in some of our gatherings, with a worship lead in Farsi.
The worship team has been able to make changes to the gathering to allow anyone for increased engagement with SEN gathering members (examples include re-writing our lyrics to be lower-caps and better thought out stage lighting).
We’ve held planning session to ensure our setlists and new songs are accessible to people joining our church.
Throughout 2022 we released recorded content, a lot of which was released around Easter time, with a cover released each week online, followed by three online Holy Week meditations to encourage worship and reflection at home.
We have continued to strive to offer our best in our prayer and worship evenings, as a band and in our on-stage communication. We aim to be musically consistent week to week and develope the production so that it also becomes consistent.
## Children & Families
## Alive Kids
In 2022 we made the move to introduce age-appropriate rooms for Alive Kids on a Sunday.
Following consultation with the team, the rooms were set up as Sparklers (age 3 to rec), Stars (years 1-2) and Rockets (years 3-5). We incorporated new branding for the rooms and introduced room leaders to facilitate each room. Naomi Cowling joined the team for a term to help write and deliver the plans working alongside Alistair Bassett.
During this re-shuffle we also introduced a timetable of regular worship into Alive Kids. Each month some of the worship team come and join the kid’s session leading times of worship and prayer. Since September 2022, Faith Ramsay has developed and facilitated the kids worship ministry.
In September 2022, Lucy Gibbs took over the planning of Sundays in her role as Children and Families Pastor. We bought in a curriculum resource called Grow which has a threeyear programme of Kids’ sessions that cover a wide and deep spectrum of Old and New Testament themes within the time frame. The resource is working well, and the team and
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2022
room leaders have fed back on the great quality of the resources and the fantastic engagement of the children.
In Alive kids we are encouraging our children to – KNOW the good news, GROW in relationship with Jesus and GO confidently into the world. Each Sunday we have 10 adults serving on the Kids Team and we brought new people into the team each month. We have a large number of parents serving on the team which is really encouraging.
## Little Ones
In February we launched ‘Little Ones our midweek baby, toddler and parent sessions. The premise was to provide a welcoming and inclusive setting for parents to build community and find belonging. The group has grown very steadily throughout the year with a core group of regulars who come each week and help to foster the values of hospitality, welcome and kindness.
## Family Events
Over 2022 we have delivered the following events for Children and/or families, with the aim of providing free, good quality social events each term –
Alive Football Camp (Spring)
Summer Fest Weekend Kids Disco (Summer)
Trick Shots & Treats Family Event (Autumn)
Finding the Light Nativity Trail (Winter)
These events were really well attended and saw a large number of the community come along, following invites to local schools. In Alive Kids we want to foster a culture of invitation and evangelism, so children who attend on a Sunday are always encouraged to invite friends to these events and this approach appears to be working.
## Primary School Work
In 2022 the following after school clubs were ran in Brighton Avenue primary school – Multi Sports (Spring Term)
Moving Hope Dance (Autumn Term)
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2022
## Craft Club (Autumn Term)
In the spring term the kids and youth team delivered lessons based on Holy Week for years 3 & 4.
Brighton Avenue brought their entire school to Alive Church for their carol service, and this was well attended by parents and carers.
As part of the Love Christmas campaign, we gifted bags of kindness to all children attending– Brighton Avenue Primary, Gibside School, South Street School and St Aidan’s Primary.
## Youth
## _January to July 2022_
Youth ministry changed leadership during the year due to sickness and staff leaving. The first half of the year saw an ‘open youth group’ that was built around football and games and ended with a short thought around faith.
During this period the Youth went on a weekend away together that helped build community and ran a football camp during school holidays.
Youth came to HTB Focus with the church and engaged well with the youth programme.
## _August to December 2022_
## Sunday Morning Youth
From September, our Sunday youth groups multiplied into an Older and Younger youth group, starting the academic year with a “Healthy Habits” series looking at how and why we read the Bible, pray and worship.
Over the Autumn term we looked at Identity, starting with ‘Heroes of the Faith’ looking at Old Testament Heroes Esther, Daniel, Ruth and Abraham, exploring how, even though these stories can sometimes seem old and irrelevant to us, they can be applied to what we are going through. In November we created a series called “YESvember” looking at people in the New Testament who said yes to Jesus (Mary and Martha, Peter, Paul). We come together as one group every 4th Sunday of the month to worship together.
The number for Sunday Morning Youth averages at 18 with 4 or 5 team members serving each gathering.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2022
## Alive Youth
Alive Youth returned in September with a new structure of Share, Grow, Go. Share: We share food, fun and faith together as we prioritise deepening relationship between team and youth, as well as the youth with one another. Grow: Growing in faith is something we wanted to invest in this year, exploring the Bible together in an invitational way. Therefore, while our Sunday series’ have a more “Bible Story” focus, our Thursday night series’ are more thematic in the hope that they are much more accessible, so our young people feel confident inviting their friends. Over Autumn we looked at the “Fruits of the Spirit”, each week exploring a fruit, what it is and how we can see it manifested in our lives through our relationships with Jesus. Alongside our Thursday nights, we have recorded and released ‘Table
Talk’ a short podcast designed for the youth to listen to on their walks to school/ in the car etc. We trialled this with Fruits of the Spirit and are planning on picking it up again over Lent. Go: "Go" is about inviting friends, going and spreading the good news. So, at the end of each half term we host a social for our Youth with the hope that they invite their friends, we are really encouraged by how many of our youth don’t just invite their friends to our socials but have also invited their friends to every week of youth as we do Alpha together this term. The average number of youth each week is 20. We have 4 staff on team for this night with 7 volunteer team serving weekly and 2 others serving less regularly.
## Team
We are really grateful to God for how he has provided team. The youth team has grown by 8 since September. We gathered at the Vision Evening in September, and again in November as part of All Teams Night. We are meeting again for our Youth Team Training Lunch, to build relationship, invest in leadership and pray for our young people. Input revolves around five-fold teaching.
## Moving Hope and Schools work
Moving Hope meets both as part of our Youth and Kids Ministry. On average, 4 youth meet together on Thursdays and worked towards the Advent Video as well as a performance for our All Age Nativity at Christmas. Eve has given after school clubs at Brighton Avenue and Emmanuel College with Moving Hope.
## Weekend Away (at home)
One thing we shared at our Vision Evening as a priority creating spaces where our Youth can dedicate time to get to know more about God and themselves. As someone who hasn’t long been out of youth programmes very long myself, I know setting aside time in this way has the potential of being great "faith foundations' for them when they look back over their time with us and also their 'faith journeys'. In this time we covered the theme of 'Waiting'. The season of Advent is a season of waiting, but when talking myself and Eve thought that
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2022
some of our youth mightn’t know why this is or what it really means to wait on God. We explored this by hearing short talks, playing lots of games together, and wrapping the whole weekend in worship and prayer. The weekend came at the end of a week of input uploaded to our instagram page, This included short devotionals from youth team members and a short worship set to encourage the youth to spend time on their own reflecting on what Advent actually is. We had an average of 18 youth attend across the weekend.
## Alpha
We prepared for and then ran Alpha in the Autumn term of 2022. There were 14 regular guests in the Autumn, 2 of whom did Alpha in Farsi. In addition, we worked with and hosted Bill Quay Community Church for our Alpha Day in November, as we did in 2021. There were some really encouraging stories to finish the term, including one guest asking about baptism and another so keen to be involved in church they wanted giving information!
Over Christmas we tried a different approach to Alpha sign up - asking people to give availability rather than offering a single slot. The plan is to offer Alpha on Monday and Tuesday evenings. There are 12 sign-ups for Alpha in English. Two have come through a social media campaign from Christian Vision, a national evangelism charity linking with Alpha Hub churches.
## Alive International (refugees)
Hope House Coffee Language Cafe extended to offer welcome to Ukrainians, but also started to have consistent attendees from a number of other nationalities. Advisors from Gateshead Council's Ukraine team attended most weeks. Weekly attendance ranged from 5-15 guests. We were encouraged to have a core of guests who are part of the church family and can welcome others into the space. The week before Christmas we organised an Alive International Christmas lunch, served by the staff team. It was a privilege to welcome approximately 35 guests from at least five countries.
Thursday Language Café- In December, Gateshead Council approached Alexander and Natalie with a desire to expand their work with us. Instead of sending support workers from only the Ukraine scheme, the migration department will use our new 'Refugee Drop In' as their single key meeting point for all refugees which the Council have responsibility for - that is people on Ukraine, Afghan and Syrian resettlement schemes and refugees from other countries who have been granted leave to remain for up to 5 years. The new
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2022
Refugee Drop In will run from 10am-3pm from Thursday 19 January 2023, including multiple advisors from Gateshead Council, language classes from Alive Church volunteers and hospitality space to meet with guests. We are very excited about the potential of this expanded provision and delighted that Gateshead Council view the Alive Church team and the Hope House facilities as their preferred space for this.
## Fundraising
The vast majority of Alive Church, 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 in 2020 we 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.
We partnered again with the Church Revitalisation trust and received grants for Love Your Neighbour (Love Cities) and Love Christmas which helped us to continue to bless our community through Christians Against Poverty Job Club, Debt Centre, Hope House Coffee and at Christmas through bags of kindness.
## Alive Communities
Alive Communities are a great way to find belonging, be cared for and pursue Jesus together as disciples. We have a simple pattern at the heart of our Alive Communities: Love God - Through prayer, worship and reading the Bible together, we grow in our faith and in our love for God; Love People - In our communities, we love one another and those around us as we follow Jesus together; Follow Jesus - Jesus calls us to follow him and continue his ministry in the world. In our communities, we are disciples who makes disciples and share the good news of Jesus with those around us.
We currently have 13 Communities spanning Tuesday and Wednesday evenings online and in-person. We have adapted our Bible study to include more space to link the questions to the Sunday preaching content whilst keeping some of the discovery bible study method. We are continuing to look for opportunities to raise up new community leaders to increase opportunities for the whole church to belong. Looking ahead we are exploring options of new communities with different patterns of meeting (bi-weekly, Sundays etc) to enable more people to belong.
## Students
Since September we have welcomed new students through some first contact events at Trinity Square and through the CU Meetings and Churchsearch. We have 7 students who we connect with regularly including through our Tuesday Night Student Community. Adopting
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2022
a student has helped our students connect with families in Church and be invested in. Over Christmas several of the students invited friends to Christmas events and they came along. In 2023 we're planning to grow the evangelism and connection events we run to help facilitate our students inviting friends to try Church. Sarah has started working in Trinity Square Halls since November as a chaplain with weekly drop-in sessions.
## Social Transformation
Our Social Transformation ministry follows a model of crisis, cause, care and currently includes Hope House Coffee / Warm space, CAP debt centre and money course, English Language Cafe and Bloom. Our refugee ministry has organically grown and we will be extending our work with Gateshead Council as they move their Gateshead refugee drop-in service to Hope House.
In the previous term we have addressed crisis food provision by creating partnerships with Feeding Families and becoming a trusted referral partner to Gateshead food bank. We also partnered with Handcrafted who provided food for Hope House Coffee and we made a successful funding bid to Gateshead Council which will allow us to continue to provide food and will cover the costs to run a holiday hunger programme for families over February half term in 2023.
## 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.
Income was £427,444 (2021: £376,130) of which £238,375 was unrestricted or designated (2021: £229,408) and £189,069 was restricted (2021: £146,722).
At 31 December 2022 the Charity had net assets of £417,941 (2021: £426,792).
## Reserves policy/Going concern
The charity reported total funds at the year-end of £417,941 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.
## 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
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2022
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.
## Plans for future periods
## Staffing
In 2023, we will continue to review staffing to meet the needs of the church as we plan for the next 5 year period, and with the tapering off of SDF Funding. We will work with our HR Consultant to ensure that we steward resources to release each person to play their part in our vision to see individuals, the church and our communities Come Alive in Jesus’ name.
## Ministry
2023 will be a time to develop our vision for Alive Church for the next 5 years. Like all families, we’ll prioritise the young and the vulnerable, as we pursue our vision to see individuals, our community and the church Come Alive in Jesus’ name.
## Sundays and Communities
As we continue to grow in number in our Sunday gatherings we invest in welcome and review how gatherings work to ensure that as many people as possible can be part of Sunday Gatherings.
Alongside this, we will keep investing in Alive Communities, supporting leaders of our Alive Communities and launching new communities so that everyone has a place to belong and everyone is cared for.
## Alpha
Alpha remains core to the life of the church and we will continue to host Alpha courses in each term. Alongside this, we will create new spaces to invite people to Alpha, launch a post-Alpha course to resource people as they grow in faith, and invest regionally in other churches running Alpha as we fulfil our role as an Alpha Hub Church.
## Alive Kids
Both Alive Kids and Alive Youth will continue to be a key area of investment as we seek to invest in young people. In Alive Kids, 2023 will be a time where look to develop work beyond Sundays to include midweek activities, family events and a weekend away for key stage 2.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2022
## Alive Youth
In Alive Youth, we’ll be investing in our youth programme in order to do bigger events that attract more young people (for example, Guvna B is coming on 30 June, 2023). Continuing much of what we already do, we will grow to include more age-specific groups with agebased communities for Y6 to Y13.
## Love Your Neighbour
Our Love Your Neighbour ministry has grown substantially in 2022. In 2023, we’ll continue to invest in our LYN work as we play our part in seeing our communities Come Alive. Specifically, 2023 will see us work closely with Gateshead Council to offer welcome to refugees and asylum seekers, launch our Growing Hope clinic and intentionally build partnerships across the region.
Campus
Over the next year we will continue to invest in the ongoing maintenance of the campus, ensuring that our buildings are the best they can be.
Reference and Administrative Details of the Charity, 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
T rustees and Members of the Board
Ex Officio members:
- Priest-in-Charge: The Reverend Richard Grant (Chairman)
- Reader: Stephen Sanders (also Deanery Synod Representative)
- Wardens: Shola Ameobi, Stephanie Mallery
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE ANNUAL REPORT AND FINANCIAL STATEMENTS
For the year ended 31 December 2022
T rustees and Members of the Board (continued) Elected members:
- Bonnie Robinson (Treasurer)
- Nate Aspray
- S tephen Moran
- Curtis Bhatoe
- ● Mairi Emmett ● Pete Jobes ● Ben Artis
- Ron Kock
- Alan Johnson
- Andrew Cowling
- John Hinton
- Daniel Mallery
- Stephanie Mallery
- Pippa Ramsay
- Nina Thurlow
Co-opted Members
- Louise Grant
## Non-Voting Members
- Sarah Rutter (Secretary)
Independent Examiner
Connected Voice Business Services One Strawberry Lane Newcastle upon Tyne. NE1 4BX Bankers CAF Bank Ltd
Structure, Governance and Management
Culture, governance and management
Alive Church, 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
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2022
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.
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.
Executive Team
The Executive Team is a combination of Senior Staff and Wardens. The team is involved in long term strategic decision making and offers 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 built a new Senior Leadership team.
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 in its day to day tasks whilst asking questions of accountability. We have tried to encourage a council that is representative of the church. The method of appointment of PCC members is set out in the Church Representation Rules. At Alive Church, 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. Employment Group
The Employment Group is responsible for employing and reviewing staff and staffing structures at Alive Church, 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 Alive Church, 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).
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2022
## Appointment of the trustees
Trustees are those appointed to sit on the PCC at Alive Church, 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.
## Statement of Trustees’ 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:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
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 26 May 2023 and signed on their behalf by:
Chair Daniel Mallery
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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 2022
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 2022, which are set out on pages 16 to 29.
## **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 Institute of Chartered Accountants.
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:
- h examine the accounts under section 145 of the Charities Act,
- h to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and
- h to state whether particular matters have come to my attention.
## **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:
- h the accounting records were not kept in accordance with section 130 of the Charities Act; or
- h the accounts did not accord with the accounting records; or
- h the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a "true and fair" view which is not a matter considered as part of an independent examination.
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.
Lilian Hetherington FCA Connected Voice Business Services One Strawberry Lane Newcastle upon Tyne NE1 4BX
Date: 26 May 2023
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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 2022
**----- Start of picture text -----**
Restated
Unrestricted Restricted Total Total
Funds Funds 2022 2021
£ £ £ £
Income from:
Donations and legacies 6 209,795 1,575 211,370 222,413
Charitable activities
Grants and contracts 7 5,787 182,373 188,160 141,724
Other trading activities 8 22,438 5,121 27,559 11,986
Investments 9 355 - 355 8
Total income 238,375 189,069 427,444 376,130
Expenditure on:
Charitable activities
Operation of the charity 10 243,076 193,219 436,295 321,477
Total expenditure 243,076 193,219 436,295 321,477
Net income/(expenditure) ( 4,701 ) ( 4,149 ) ( 8,851 ) 54,653
Transfers between funds - - - -
Net movement of funds ( 4,701 ) ( 4,149 ) ( 8,851 ) 54,653
Reconciliation of funds
Total funds brought forward 344,473 82,319 426,792 372,139
Total funds carried forward 339,772 78,170 417,941 426,792
Notes
**----- End of picture text -----**
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 19 to 29 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 2022
|**Fixed assets**
Tangible assets
17
**_Total fixed assets_**
**Current assets**
Debtors
18
Cash at bank and in hand
19
**_Total current assets_**
**Creditors:**amounts falling due within
one year
20
**_Net current assets_**
**_Total assets less current liabilities_**
**_Total net assets or liabilities_**
**Funds of the charity**
Unrestricted income funds
Restricted income funds
**_Total funds_**
Notes|**£**
4,672
95,838
**100,510**
**( 1,140 )**|**Total**
**2022**
**£**
318,572
**318,572**
**99,370**
**417,941**
**417,941**
339,772
78,170
**417,941**|**£**
4,010
106,974
**110,984**
**( 732 )**|**Restated**
**Total**
**2021**
**£**
316,540
**316,540**
**110,252**
**426,792**
**426,792**
344,473
82,319
**426,792**|
|---|---|---|---|---|
The notes on pages 19 to 29 form an integral part of these accounts.
These financial statements were approved by the Board on: 26 May 2023 and are signed on its behalf by: Alexamder Jones Curate and are signed on its behalf by: Daniel Mallery Chair
17
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 2022
**----- Start of picture text -----**
2022 2021
£ £
Cash flows from operating activities
(Loss)/Profit before taxation ( 8,851 ) 54,653
Add back:
Depreciation 29,288 24,400
Investment income ( 355 ) ( 8 )
Increase in trade receivables ( 662 ) ( 90 )
Increase in trade payables 408 ( 16,065 )
Cash generated from operations 19,828 62,891
Net cash from operating activities 19,828 62,891
Cash flow from investing activities
Purchase of property, plant and equipment ( 31,320 ) ( 53,097 )
Interest received 355 8
Net cash used in investing activities ( 30,965 ) ( 53,089 )
Decrease in cash and cash equivalents ( 11,137 ) 9,802
Cash and cash equivalents at start of year 106,974 97,172
Cash and cash equivalents at end of year 95,838 106,974
**----- End of picture text -----**
18
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 December 2022
## 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 £339,772 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.
19
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 December 2022
## 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.
## 5 **Assets**
## 5.1 **Tangible fixed assets for use by the charity**
Individual fixed assets costing £250 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis, the charity does not currently have any tangible fixed assets:
Property improvements 5% Straight line Office and computer equipment 25% Straight line
20
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 December 2022
## 5.2 **Investments**
Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments.
21
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 December 2022
## 5.3 **Prior year adjustments**
## **Reconciliation of change in equity**
|Unrestricted funds (previously stated)
Fixtures and fittings depreciation
(i)
Unrestricted funds (as restated)
**Reconciliation of financial activities**
Net movement of funds as previously stated
Fixtures and fittings depreciation
(i)
Net movement of funds as restated|£
337,243
7,230
38,510
( 7,230 )
375,753
At 31 Dec
2021 as
originally
stated|£
344,473
31,280
375,753
£
47,423
7,230
54,653
At 31 Dec
2021 as
restated
Year ended
31 Dec
2021|
|---|---|---|
(i) Depreciation on fixtures and fittings was incorrectly calculated in 2021 with some items being charged depreciation twice. This has been amended in the current year.
## **Analysis of income**
|6
**Donations and legacies**
Donations and gifts
Gift Aid|Unrestricted
Funds
£
171,100
38,695
209,795|Restricted
Funds
£
1,500
75
1,575|**Total**
**2022**
**£**
**172,600**
**38,770**
**211,370**|Restated
Total
2021
£
179,052
43,361
222,413|
|---|---|---|---|---|
22
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 December 2022
|**Analysis of income**
7
**Charitable activities**
Income from grants
8
**Other trading activities**
9
**Income from investments**
Special Offering
Bank interest
Ukraine appeal
Worship Grant
Good Faith Foundation
Hope House
Alpha International
Durham DBF
Social Transformation
MEV Funding
Social Transformation external funding
SDF Funding
Church Revitalisation Trust
Diocese of Durham
HM Excise VAT
Event Income
Merchandise Income
Services
Premises Hire
Other
Employment Allowance|Unrestricted
Funds
£
-
-
-
-
5,787
-
-
-
-
-
-
-
5,787
-
14,942
-
194
-
1,812
4,975
515
22,438
355
355|Restricted
Funds
£
-
-
523
2,217
687
-
-
17,319
21,240
109,054
-
31,334
182,373
-
-
-
-
-
5,121
-
-
5,121
-
-|**Total**
**2022**
**£**
**-**
**-**
**523**
**2,217**
**6,474**
**-**
**-**
**17,319**
**21,240**
**109,054**
**-**
**31,334**
**188,160**
**-**
**14,942**
**-**
**194**
**-**
**6,933**
**4,975**
**515**
**27,559**
**355**
**355**|Restated
Total
2021
£
4,000
876
-
-
906
52,230
-
16,979
32,519
32,284
1,930
-
141,724
1,157
2,769
316
3,336
4,000
407
11,986
8
8|
|---|---|---|---|---|
Income was £427,444 (2021: £376,131 ) of which £238,375 was unrestricted or designated (2021: £229,408 ) and £189,069 was restricted (2021: £146,723)
23
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 December 2022
## **Analysis of expenditure on charitable activities**
|10|**_Charitable activities_**
Direct costs
Support costs
Utility
IT and Telephone
COVID Work from home
Parish Share / common fund
Governance costs
Bank Charges
Repairs and Maintenance
Independent examiner's fees for reporting on
the accounts
Ukraine Appeal
Staffing costs
Office and Administration
Professional and Accounting Fees
Worship equipment
Other Cost
Build Insurance
Depreciation
Social Transformation Projects
Promotion and Marketing
Mission
Staff training and expenses
Building and Gardening
Ministries|Unrestricted
Funds
£
12,880
34,104
-
17,309
-
50,137
6,359
4,132
5,466
1,774
87
157
29,251
6,610
2,507
1,873
86
38,654
29,288
1,140
1,262
243,076|Restricted
Funds
£
24,139
24,175
-
-
523
143,190
-
687
-
-
-
-
-
-
-
506
-
-
-
-
-
193,219|**Total**
**2022**
**£**
**37,018**
**58,278**
**-**
**17,309**
**523**
**193,327**
**6,359**
**4,819**
**5,466**
**1,774**
**87**
**157**
**29,251**
**6,610**
**2,507**
**2,378**
**86**
**38,654**
**29,288**
**1,140**
**1,262**
**436,295**|Restated
Total
2021
£
-
24,209
32,214
28,785
-
140,691
1,530
11,877
8,776
2,922
112
220
9,428
6,443
3,691
3,612
678
20,000
24,400
732
1,155
321,477|
|---|---|---|---|---|---|
Expenditure on charitable activities was £436,295 (2021: £321,477) of which £243,076 was unrestricted or designated (2021: £196,519) and £193,219 was restricted (2021: £124,958)
## 11 **Fees for examination of the accounts**
|Independent examiner's fees for reporting on the accounts
There were no other fees paid to the examiner (2021: £nil)|**2022**
**£**
**1,140**
**1,140**|2021
£
732
732|
|---|---|---|
24
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 December 2022
## 12 **Analysis of staff costs and the cost of key management personnel**
|Pension costs (defined contribution pension plan)
Salaries and wages
Social security costs|**2022**
**£**
**167,242**
**11,245**
**4,823**
**183,310**|2021
£
**121,061**
**7,462**
**3,516**
132,039|
|---|---|---|
No employee received remuneration above £60,000 (2021: £nil)
The key management personnel of the charity, comprise the Trustees. The total employee benefits of the key management personnel of the charity were £nil.
## 13 **Staff numbers**
The average monthly head count was 10 staff (2021: 8 staff) and the average monthly number of full-time equivalent employees during the year were as follows:
|The parts of the charity in which the employees work
Charitable activities|**2022**
**Number**
**10.0**
**10.0**|2021
Number
7.0
7.0|
|---|---|---|
## 14 **Transactions with trustees**
During the year, the trustees made donations to the charity.
|Donations of unrestricted nature
Room hire|**2022**
**£**
**56,466**
**-**
**56,466**|2021
£
**28,248**
**10**
28,258|
|---|---|---|
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**
No trustee expenses have been incurred in the year.
25
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 December 2022
## **Transaction(s) with related parties**
The following detail the related party transactions in the reporting period.
During the year related parties donated a total of £56,466 to the organisation. (2021: £27,208 donations, of which, £1,000 was restricted for food). There was also £nil other trading activities income from unrestricted ticket sales (2021: £130 other trading activities income).
## 15 **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 £4,823 (2021: £3,516). There was £nil outstanding as at 31 December 2022 (2021: £nil).
## 16 **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.
## 17
|**Tangible fixed assets**
**Cost**
Balance brought forward
Additions
Disposals
**Balance carried forward**
**Depreciation**
Basis
Rate
Balance brought forward as restated
Depreciation charge for year
Disposals
**Balance carried forward**
**Net book value**
**Brought forward as restated**
**Carried forward**|**Equipment**
**£**
33,477
16,611
-
50,088
SL
25%
8,269
12,422
-
20,692
25,207
29,396|**Property**
**development**
**£**
322,613
14,709
-
337,322
SL
5%
31,280
16,866
-
48,146
291,333
289,176|**Total**
**(restated)**
**£**
**356,089**
**31,320**
**-**
**387,410**
**39,549**
**29,288**
**-**
**68,838**
**316,540**
**318,572**|
|---|---|---|---|
26
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 December 2022
## 18 **Debtors and prepayments (receivable within 1 year)**
|Gift Aid
Debtors
Prepayments|**2022**
**£**
**-**
**1,350**
**3,322**
**4,672**|2021
£
420
-
3,590
4,010|
|---|---|---|
## 19 **Cash at bank and in hand**
|Current account
Saving account
Petty cash|**2022**
**£**
**15,645**
**80,183**
**10**
**95,838**|2021
£
21,963
85,002
10
106,974|
|---|---|---|
## 20 **Creditors and accruals (payable within 1 year)**
|Accruals|**2022**
**£**
**1,140**
**1,140**|2021
£
732
732|
|---|---|---|
## 21 **Events after the end of the reporting period**
No events (requiring adjustment to the financial statements) have occurred after the end of the reporting period but before the financial statements were authorised which relate to conditions that arose after the end of the reporting period.
27
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 December 2022
## 22 **Analysis of charitable funds**
## **Analysis of movements in unrestricted funds**
## **For the year ended 31 December 2022**
|**Unrestricted funds**
General unrestricted fund
Building project
**_Totals_**|**Revised**
**Fund**
**balances**
**brought**
**forward**
£
27,933
316,540
344,473|**Incoming**
**resources**
£
238,375
-
238,375|**Resources**
**expended**
£
( 213,788 )
( 29,288 )
( 243,076 )|**Transfers**
£
( 31,320 )
31,320
-|**Fund**
**balances**
**carried**
**forward**
**£**
**21,200**
**318,572**
**339,772**|
|---|---|---|---|---|---|
## **For the year ended 31 December 2021**
|**Unrestricted funds**
General unrestricted fund
Building project
**_Totals_**|**Revised**
**Fund**
**balances**
**brought**
**forward**
£
35,673
287,843
323,516|**Incoming**
**resources**
£
229,408
-
229,408|**Resources**
**expended**
£
( 172,119 )
( 24,400 )
( 196,519 )|**Transfers**
£
( 65,029 )
53,097
( 11,932 )|**Fund**
**balances**
**carried**
**forward**
**£**
**27,933**
**316,540**
**344,473**|
|---|---|---|---|---|---|
## **Purpose of unrestricted funds**
General unrestricted fund Building project
The 'free reserves' of the charity Complete renovation of Hope House (Church centre)
## **Analysis of movement in restricted funds**
## **For the year ended 31 December 2022**
|**Restricted funds**
Social Transformation
Growing Hope
Hope House
MEV Funding
Love Your Neighbour
Bloom
Love Christmas
SDF Funding
Ukraine Appeal
**_Totals_**|**Fund**
**balances**
**brought**
**forward**
£
-
-
6,080
10,953
47,041
485
62
17,698
-
82,319|**Incoming**
**resources**
£
2,217
1,000
5,121
17,319
31,909
-
21,240
109,741
523
189,069|**Resources**
**expended**
£
( 19,313 )
-
-
( 21,678 )
( 17,433 )
( 387 )
( 24,139 )
( 109,746 )
( 523 )
( 193,219 )|**Transfers**
£
-
-
-
-
-
-
-
-
-|**Fund**
**balances**
**carried**
**forward**
**£**
**( 17,096 )**
**1,000**
**11,201**
**6,594**
**61,517**
**98**
**( 2,837 )**
**17,693**
**78,169**|
|---|---|---|---|---|---|
28
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 December 2022
## 22 **Analysis of charitable funds** _(continued)_ **For the year ended 31 December 2021**
|**Restricted funds**
Social Transformation
Hope House
MEV Funding
Love Your Neighbour
Bloom
Love Christmas
SDF Funding
**_Totals_**|**Fund**
**balances**
**brought**
**forward**
£
-
2,214
-
45,504
904
48,622|**Incoming**
**resources**
£
2,129
3,866
16,979
23,685
-
15,550
84,514
146,723|**Resources**
**expended**
£
( 14,061 )
-
( 6,026 )
( 22,148 )
( 420 )
( 15,488 )
( 66,816 )
( 124,958 )|**Transfers**
£
11,932
-
-
-
-
11,932|**Fund**
**balances**
**carried**
**forward**
**£**
-
**6,080**
**10,953**
**47,041**
**485**
**62**
**17,698**
**82,319**|
|---|---|---|---|---|---|
## **Purpose of restricted funds**
Restricted funds represent income resources used for a specific purpose within the charity as identified by the donor.
Social Transformation Long term impact on the lives of the community through social projects Growing Hope Providing therapy to families of children with additional needs. Hope House Appeal for the refurbishment and renaming of church centre Bloom Ministry to help mother with new born babies Building Project Complete renovation of Hope House (Church centre) Love Christmas Spread powerful message of love, hope and kindness to people who are struggling this winter Love Your Neighbour Community support ministries, for example food provision and employability training MEV Funding Intern and development year SDF Funding Strategic Development Fund funding Ukraine Appeal To support Ukranian refugees
## **Transfers between funds**
|**2022**
Between unrestricted and
restricted funds
Between unrestricted and
designated
**2021**
Between restricted and
designated
Between unrestricted and
designated|**Reason for transfer**
Cover Social Transformation projects in the local
community
Transfer asset purchases
Transfer asset purchases
**Reason for transfer**
Transfer asset purchases|**Amount**
**£**
**-**
**31,320**
**11,932**
**53,097**|
|---|---|---|
29
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GATESHEAD ST GEORGE**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 December 2022
## 23 **Capital commitments**
As at 31 December 2022, the charity had no capital commitments (2021 -£nil)
## 24 **Analysis of net assets between funds**
|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)
Tangible fixed assets|Funds
£
318,572
17,669
3,532
339,772
Funds
£
316,540
24,655
3,278
344,473
Unrestricted
Unrestricted|Restricted
Funds
£
-
78,169
-
78,169
Restricted
Funds
£
-
82,319
-
82,319|**Total**
**2022**
**£**
**318,572**
**95,838**
**3,532**
**417,941**
**Total**
**2021**
**£**
**316,540**
**106,974**
**3,278**
**426,792**|
|---|---|---|---|
30