St Oswin's Church, Wylam Ilstoswinschurch lam.chessck.co.uk Registered Chanty No. 1187983 Annual Report and Financial Statsments ofthe Parochial Church Council for the year ended 31 December 2022 Priest in charge". Revd Tom Birch Bank: Barclays Bank Plc. Prudhoe Branch Priestpopple Hexham Independent Examiner: Mr Derrick Gumey
ReleTen¢e and adrninlstrallve Information lam St 0In'S Church Is stiuated on Church Road adint to the centre ofthe lIage of {arn Northumberfand. It is part of the Oicwe of Newcasle. corresponden for the PCC may be •Jdressed to The Wtarage, Churth Road, Wylam, NE418AT. embers of the PCC are erther ex-officio or elected by Annual Par(thial Church nding (APCM), b3ether wtth c(wtions, ift ao7xdance with the Church Representalm Rules. The following seNed as nwnbets of the PCC from 1 January 2022 until the d this report was approved {The trustees). Incumbent Revd Tom Bwch. V Warden& (Chrn) Mrs Lyrtte Ath'nson (To 24th April 2022) (& s•) Representalives on Deanery syn I& PCC Members): Prof Lesley TwoY IArs Karen Webster ott MembeTS". Mr Phil4) AppbY Mr Mich1 Bird Mrs Angela Calms Ys Rosemary Cook Rev Lynne Dean Mr Mrchael Gib Enie Gosling Re¥d. Angus Palmer Mrs Janet Palmer Robin Ptette Mr Petet Tayler Mrs Jane Teasdale + One other (to 7th Juty 2022) (to 3 June 2022} {from 24th A.12022} reasurer to 3111 December 2022 & then merts) (Irom 24 Awil 20221 {to 24m April %)22) The Parochk81 Church COU1 is a cy)rporate tY established by the Church of England. The PCC operates under and is governed by The Parc¢hial Churdj Councils (Powers) MeasLtre 19Sfj as amended. {This defines the principal fvnction, or purpose, of the PCC as 'promob"ng in the pansh the whole mission of the Church'}. It is also subject to The Church Representation Rules {contained in schedu 3 to the Sync¥Jical Govemment Measure 1969 as amended) Wth efft from 14th February 2020 the PCC is n¢)w registered WFth the Charity Commission (No. 1187983). IndivKluals when completing Iheir setf-assesSfft tax retum may nominate lam St OswFn's PCC under refereTU MG59JG to receive any refund. This is in adition to the Gift P4d scheme. The method of appointment to the PCC is set out in the Church Reptesention Rules. It is an impylant pol that all church communicants lover 16 years) rellecling the diversity of the con9regab.on are encouraged to register on the Electoral Roll and rroy then stand for eleclion to the PCC. Committees: The PCC (werates mrough a number of o)mrrittees that behveen fijll m*tings of ihe PCC. standing Committee.. is the onty Committee requw&J by t. It has the to transaci the business of the PCC between meetings subject to any directmjns given by the Coun(al. Soctal Committee.. Attends to the organisation of and (Zteg for sct4al events. Fund Raising Committee". Parish Prayerlcare Committee. Meets on a reguFar b&is. ATranges to visit those in need and the &Yministrakn of HorrE Communion. Church Hall Management Committee. Manages the refulShj arKI extended hall. Safeguarding Phillip Appleby i8 the Pansh Safeguarding Offiw. Our safe9uarding poty and tink to the DDcesan policy can be found on our website h Ilstoswlns¢hu tam.lJtcK¢o.u uardi Mothers, Unlon.. In the absence ofa Branch Leader and Secretary a commfftee ensures meIngS and activits'es continue. Please support our M.U. in their A dOnatn for the M.U. at horyE and over$ was made.
Wylam & Olstrlct Churches. A conststution was adopted in January 2010. Tfustees are app)inted ty the respective churches. The ehurches are Wlam MethcrtJisL St Agnes CrwHcrwk. Horsley Village and St Oswins- VarM)us joint committees of representatives of the four constituent churches in the partnership have been formed. They attend to all matters that are conducted ecLmenicalty. such as Vvorship, Social and Youth Work. A Chiklren's and Youth Worker is empk)yed. Ruth Lindrtrjae was aFP)inted from 1st January 2018. Youth Work.. We continue to fijlty support Ihe on-going projecl. Funds are available from the constrtuent churches and private donations to enable this to continue. It was possible to raise funds by holding Jump for Joy in 2022. The youth proiectcommenced in 2004. The youth dub reaCed The Hub and The Gathering, indtvKJual church support and development are core actsvities. From the TranSfolI0n Group and Lyc 'We Can Make ft Happen, was formed. )en it became apparent that people were retuming to church following the long months of Isolatlon and wory over COVED it was deuded to draw up plans lo secure Ouf fvt. This was achieved by in¥iting memtefs of the con9regation to conskder whatwe could all do within the resources and skius availabte to us. The results were priontised and the following became our plan for 2022123.. 1} Energise Christmas e.g , chr now Produce a model of our village to be dplaYed in church wtth the holy frdmity trntre stage. [Sam McGeever S David Atkinsonl 2} Develop w(Kk with the unifomd OfganBations. Provide more for children to engage with 3} Infrastructure for communty e.g., Warm fr)r people in need, possible food. &tivities spac£ for kids after sd)1. Provide wami space. onthty "batgain stalls. to hetp with the recession e.g., s0[ hartd thhe8, homeftt 6tems like jaffl cakes, unvrnnted garYEs(gtfts stall fir¢ the grounds if fine] 4} Join with Methodist Church more. Review the ecumenical covenant. 5) Singing °Setvices° e.g., singing for t[th, happiness. Singing sessions to songslhymns. 61 f4on.EuthafiStiC servres e.g.: K4essy Church. Cfafts etc 71 Pop up gfOUPS Wylam's PAagical Christmas Mode¢ attF%ted a gt deal of interest and was featured in the Hexham Courant as well as in the Diwesan Bulletin. The church visslors trf)ok carries a go number of positive comments and several people havé offered 10 tske part in buikling this yÈalg t¥1, including the chthjren of Wfylam Fwst SctKd. Open the Book The Open the Book team continue to visrt Ovingham 2nd Wlam First Schools to tell stories from the Bible dressed up as Biblical Characters. The team are now telling stories ftom Handkx)ok 3 which begin with the lrfe of Paul. Over the summer break the team moved all their resources into what used to be the Choir Vestry and with the financ support of the PCC wefe able to increase thetr stock of props and costumes as weH as provmle very usefvl storage for them. Awd StePhe[On aThJ her daughter Aice have made new tabards and coats which have enhanced our costumes collectson. Rehearsals now take place in church so a¢9 to props and costumes is extremety easy, and not Seast l>ec8use of Liz Wilson's organisatM)nal skills. We have two new taking our membership to 13 including myself. Feedback from the children we meet suggests that what we do is Trworthwhile in that chiklren enjoy the stories and wel(xJme our retum. David AlkSOn Activities St. Oswin's PCC has the responsibility of ccwating with the incumbent ir¢ prorroting in the ecdesiastical parish the whole mission of the Church, pastordl, evangelistic. scKial and ecumenical. It also has maintenance responsibilities for the Church. Ihe Church Hall and the Church grounds. Most 10 am Sunday, 9.30am Thursday and occasnal seNices have been livestreamed- There was gathefed worship at these and the 8.C¥km Sunday -m0nthty seryice. There was remedial work to the hall and Church together with regular maintenan. Wort +c tr er steps to improve safety and repair of the dcck are outstanding. There remains some cap• for new lettings of the hall and church. The t9 room (an be let sepafatety to the hall for small groups.
Achlevements and perfonnan¢e eontlnued Childron and young p•opl• are Welw at all our servKes. Messy Church run jointty with Vtylam Methodist Church at WMC reslarted. Many charttles are supported from the weekty collections whth incread over 2022, Colleclions at service5 and funerals retumed to le¥els seen before Covwj restrictions. Church & Hall.. The hall continues to be used by the unrf0t1n (Kganisations and incfeasingty by the community. The defibrillator is installed and operalional_ The church is used for suitable fvnclions. The bell ringing was maintained during the year. Improvements to the choir vesty have been m8de, enabling Open the B(x)k to have spac£ for storage. Treasurerfs Report General Fund: Planned Gkving incOff continues vital and decre by £588. Although Gfft AKI irueased. this was a res of an increase in eligible donations. A Stewardship Campaign was held in 2018. Thank you everyone who continves to support the church and our work in this way. We welcome new and increased pledges to cover increasing funding needs and a renewal of our Giving vras due in 2022. This took the forni of publicising the Parish Gtving Scheme which enables payment by direct debit. Total income, excluding cross parish charging. increased from £63.659 to £68,401. Collectsons increa%n9 by £2,690 and gfft aid on cdlectK)ns and donations by £2:197. Total exFendiiufe increas&1 from £66.768 to £69.734. with Itttle change in total clergy costs between the parishes. 2022 being a near norn[ yrar. Parish Sharo payments increased to £47,940 (£47,000). Clergy worting expenses are shared wiin Ovingham and Heddon with a minor arnI conlribuled from Stamfordham and Matfen. There are five churches within a sort of grouping. Clergy exFenses include Lynne Dean Icuratel as well as Tom Ivicarl. Totsl expenditure increased by £2,966 follown9 further Quinquennial work and m8inten8nce induding church decoration. A small anKsunt of Quinquennial work remains outstanding. Hg)wever work to the tower steps and in partlcular the church clock will impact on both budgel maintenancE and building reserves. Other costs were mainly similar wrth Telephone & Broadband being for the first full year. Church Building Fund {Restrd Fursd). The Buildmg Fund is spliL. Legacigs". no change at £13.066. Bèlls: balance increase by £612 to £2,643. The organ scholarship was created 2021 benefit from donations and has been used for training, wtlh a current balarsce of £1,530. GeneTal Buildin9 Fund". decreased to £5,949, after decorab.ng to the church, electr( and other Wofk to the sound system and making trees safe. The balance remains adequate at £5,949, for general and emergency building work Stul{j the tuOget be insuffiCt. Hall building Fund (Restncted Fund} DonatnS and fvnd-raising amounts were recewed. The balance decreased to £17,600 12021 £29:569) following pavment of the bike rack installation: a £3.41)O arant for bike racks was included in the 2021 accounts. Fumiture purchases. ttie hall sound system and hall improvements were expended to fvrther improve the hall facilitses. Church Hall Account: (Restricted Fund} showed a SUfpSus of £7:442 {2021 £1.923} and a batance of £22,455 {2021 15.0131 Trading income increased to £11,532 {2020 £4,650). The resuEtsnt excEllent trading suTpIus followed a perii)d of lower activrty during the reslnctions. The Garden Fund shows the incoTh from the Wlliam Hedley Charity which the ffraionty of hall grass cutts'ng and other works. A lower balartce remains of £231 foi future expendituTe. Reserves: Our yearend unrestiicted balar in the general fund was £6,39312021 £9.5211. The surplus was £1,872, enabling the cash resef¥e to be increased to £10.IKK). part of our reseryes, note 2 on page 10. There was a decrease in the value of OLkr investn*nts after a few yeats of growth {page 131. It the PCC policy lo maintsin a balance tsn unrestn.cted fijnds Ilf possible), which equates to approximately six months, Unrestrict payments: to cover emergency situations that may arise from time to time. The General Fund to ether w Reserves total of £16 393 £14 521 rerTr3ins insufficient to meet this lic in 2023 with cover remaini at less than hirteen weeks o)ver. My previous staterTEnt continues true.. Pafish share costs are a major factor but will not infftase in 2023. The need is lo balan our books and make difficult decisions when necessary. This includes looking at lost income streams, and curbing exnlIre. There is little capauty to make commttments that will increase costs. Our buildin9s are a major factor and our plans for them cnntsnue cruaal as we look ahead and to improve our income stream. My thanks lo." All who gwe financially and to the band of voluntary workers in the church and hall. The Reviewer, Gfft Aid Recorder for their financial assistance. Helena Bates for her achievements with the Church Hall by)king and fee collec1 work and my wife Jean. The budget for 2023 shows an expected deficit of £9.125 Whilst the reserves suffice lor 2023 together wrth the hall trading surplus effort5 Tnust conts.nue lo maintain adequate funds. After 21 years as your treasurer. I now handover to Andrew Major. Mthael Gibbney FCIB Hon Trrer
Financlal Revlew A fvll review is conta.ned in the treasurerfs rEporL The Trustees consKler the levd of rese¥ves to adequate. given the overall financ4al FrfMt¥Ji. That the financial rfO[[Bn of laM St Pa[hla% Cnufcri Couf5ciI for the year and its firrancl position at the end ofthe year to be sth"sfaciory. notina the increased aenefal church and hali tralir¥J SuE$eS for 2022. The transfer of further fvnds to the General Reserve being possible. The positi.on indicated for 2023 is not fully covered by the General Reserve the Chutth Hall ('Tra¢ing'! AC(Unt intertded to Ve[ any remainw Stattment of Responsibilities of the TThstees of Wylam St OswiD Paroehial ehureh Counell The tiustees are responsib for preparina the TnEiees" Ann(Jal report atxl the finan(ial wtements In ccordance with appl4£1 law and United lthngdom AcGcunkng Stèftdanls {United Ktngdom Generalty Accep1 Ac(xiunling Practi(x). The Law applKabte to charÈties tn Engtand r4uÈres the ITUStees to re financial statements for each financtal year whKh gwe a true and lair VEW of The slate OT the affaifs of the charsty ar otthe incoming resources and appli(2tion of resources of the for that petKxl. In preparing these finallcial siatemenTS the trustees are required to" ) sele( suitable accounfETrg tlIe5 and then apolv them Gonststenty: b) observe the methods and principfes in the Charits SORP., ) make iud9ements and ests"mate3 that are reasonable and prudent d) state whether apIcable accounts.na stan(iafds have been followed: suW to an¥ material departures disclosed and explained in the financial stslemer51s' e) prepare the financial ststerrEnts on the wng concem bas unless rt is inappropr78te to assume that ihe char1 will coritinue in Dusiress The trustees are re¥)nsible for keeping proper &tIn1 reLords disclose with reasonable accuracy, at artry time. the finanual posrtion of the chaty and enable It) to erBure that the financial ststenEnts conwty the Charites Act 2011: the Cb.arfiy (Accounts afms ReFQrts} Regulations 2CrfJ8: the Church Accounts"ng Regla[lOn$, 2006 edrtton, issued by the Finan Dwision of the ChbiShOps, CoÈincil and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity. hence for tsking reasonable steps for the preverEtion and dettion of fraud or other ifrgjuiafthes. Declaration Sned on behalf OT Ine diatity's trustees. Sed Full Namg... .... )......aiAC....................... FullName......................................................... DaLAd.........
Trust) for the year entsj 31 Dewts 2022. I report in SpeCt ry examination of Ihe Tntsys accounts cattEd ovt under se¢iion 145 of the 2011 Act and urthr 14515Xb} of Ihe 2011 with the examination giving me rause to believe that in any matenal res (SKU} y ACIB 2023
Wylam St. Oswin's Parochial Church Council IncAxne and Expenditure Account for the year ended 31st D¥tEr 2022 2022 2021 General Fund INCOMING RESOURCES Incoming resources from generated funds Voluntary Income Planned Giving Income tsx recovered Collectn$ Sundry donatons Dise Parish Energy SupF (Note A) (Note A} {Note B) (Note C} 44.172 12.537 4.256 834 1,000 44.760 10,340 1,557 595 62,799 57,252 Activities for g¢TatIng funds Magazine adverbsement fees Donab'ons Laptops for Ov5ngham M School Donalions Hoty 'frt DentonlNote2 page12> Hire of church (donations) 275 250 2.100 250 120 395 2.600 Investmènt Income Bank interest Income from trusts 27 2.032 1.733 2,059 1,736 Total Incomlng resources from generated funds 65,253 61,58è Sale of magazinelObserverlEye donations 67 1,829 2.790 ContributK)ns for use of pl¥)tccopier Other parishes clergy contribvtions (Nok G) Sundry income (bookstalllcoffee money) 3.205 351 3,564 165 6.353 5,625 Total Incomlng resource8 carried forward (Note D} 71,6 67,213
Wylam St. Oswin's Parochial Church Council Income and Expenditure Acccmjnt {o)ntinual) for the year en(kn 31st Decemtjer 2022 2022 2021 Total ineomlng r•sourcts brought foThvavd RESOURCES EXPENDED 71.6C 67,213 Expendlture ¢Jn chaTitabk activi Joint Churches Youth Worker Ecumenical activities (Note E) 2.0 Governance costs 2.1]00 Church activities The Church's ministy Parish share Clergy working expenses (Note F) (Note G} 47.940 6.082 47,000 5,947 The Church and seTyices Coffee & Boo.kstall He, jht, water, deaning COVID extra purchase o)sts Chsjreh use of hall- nominal transer (HI 1.000 Insurance maintenan and mlnor repairs Quinqtsennial Upkeep of seryices Telephone & Broadband Cbtsi rch website Organist and choir 54,022 52.947 1.785 1,150 133 2,982 1,125 2,803 923 432 855 136 (Note J) 1,800 1,848 011 exrendibjre Donations Donattons Laptops for Ovingham M Sch Donations Holy Spurt tlentonlNote2pg12) 12,899 9,301 2,100 250 Administratjon & management Printsng, telephone, statsonery & F*)Stage 2.350 813 170 813 170 Totsl resources expended {Note D} 69,734 66,768 Surplus for the year Bank depostt and current accounts at 01.01.2Iy22 1,872 445 9,521 11.393 9,076 9.521 Emergency cash reserve {fvUv restored) (Notes 0 & 21 Bank depDSit and current accoijnts at 31.12.2022 6,393 9,521 Bank Current accounts Bank deposit account 6,393 6,393 9,521
Wylam St. Oswin's Parochial Church Council I[yne and Expenditure ACcnts fof the year ended 31st Dnber 2022 2022 2021 Church Building Fund - Restrictod Fund Inwme Bells provision Legaey Donations General bullding Gift Aid LPW vat claim Gefwal building Or9an Donations Bank Interest Expenditure Organ repair per legacy Bal of legacy to Organ Scholar Fund Genefal Fund Bdls 612 60 3.782 317 1,470 560 250 126 12 75 4.786 7,478 3.978 1,022 7,523 7,523 2,737 24,395 21,658 Surplus for the year Bank depogt and Tren1 acc¥unls at 1.01.2022 Bank balanS at 31.12.2022 2,478 21,917 24,395 Breakdown of Church Bullding Fund Legaties fund balance Bells repair fvnd General church budding fvnd 13,C66 2.643 5.949 13,066 2,031 9,298 21.658 24 395 Hall Bulldlng Fund - Restrlcted Fund Fund Raising - Beard Sponsot5hip Grants Wylam Parish Council All Churches Trvst Prudhoe Street Mission Catherine Cookson Trust William Webster Tfusl Garfiekj Weston Community FOundatn NCC Councilksr Small sChemlke Radts Rotary TYneda-Defibri1l8t9[ Pads Donations Govemment Grdnt from NCC GiftAid Bank Interest 853 2,916 2.250 2,000 20,000 6,000 100 2,687 20,238 1.510 51 118 40 2,845 67.278 Expenditure Hall building contractor Other building work & purchases Defibfillaior, box and @-s purlase Fees 1,534 13,008 59,833 1.510 1,814 1,207 272 14,814 Surplus ltsr the year Bank balan at 01.01.2022 Bank balan at 31.12 2022 {11,9691 29,569 17,600 2.914 26,655 29.569 Oryan Scholar Fund Income Balance of Legacy Donations Grft Aid 1,022 500 75 213 213 1,597 Expendsture Organist traintng Deficit for the year Bank balance at 01.01.2022 8ank balan at 31.12.2022 (280 167> 1,597 1,530 1,597
Wylam St. Oswin's Parochial Church Council Income and Expetvjiture Atsnts fw the year ended 31st DmtEr 2022 2022 2021 FloweT & Church Grounds Fund - Restrfcted Fund Incorne Donations Expenditure Purchase offiowers & upkeep of grounds 243 693 {608) Surplus lor the year Bank balan al 01.01.2022 103 531 Bank balance at 31.12.2022 634 531 NB This fepfesents the amount of donats"ons. In addition there were increased gifts of fkMEfS (vthth vary in proFortDn). Youth Fund (St Oswln'5) - Restrlcted Fund Income Donations Expenditure Sunday School Surplus for the year 21x1 Bank balance at 01.01_2021 932 732 Bank balare at 31.12.2021 932 932 Vkats Dlscretlonary Fund- {Restr(cted Endowed Fund) Income Investment Income Expenditure Expendtiure $42 524 {120) 422 {370) Surplus lor the year Bank balance al 01.01.2022 154 3,147 2,993 Bank balance at 31.12.2022 3,569 3,147 Charilies Fund- Restrict Fund {Note 1 Page 12}} Income cdk¢t)S Expenditure Charitable giving Bank balance 01.01.2022 8,105 4.313 (8,105) 14,433) 120 8ank b3lancÈ at 31.12.2022
Wylam St. Oswin's Parochial Church Council 2022 2021 Church Hall Account- Restricted Fund Income Htre of church hall Contribut%ons.'_ community hall use Communty Action Warm Hub Grant Church use of hall - nomirsal transfer Bank Interest 8,198 1.290 997 1,140 {Note H 47 11.532 4,650 ExInl£urÉ Hall nning expenses Hall insuran Hall cleaner Ham Maintenare and repaTS 1,091 g68 1.c] 385 1.316 (4,0901 668 (2,7271 Surplus for the year 7.442 1,923 Bank balan * 1.1.2022 15.013 13,090 Bank balance at 31.12.2022 22,455 15,013 Garden Fund- Restricted Fund Income William Hedley Charity (Note 3 Page 13) Donation 697 Expend¢ture DefKit for the year Bank balanc8 at 1.1.2022 (906j {697) 337 337 Bank baFan 8t 31.12.2022 231 337 NOTE A (Page 6} NOTE B (p 6> NOTE C (Page 61 Donations increased. Eligible and collections contn"bub"ng lo increased Gift IB) NOTE D (Pages 6 & 7) A small increase in SUTplus enablmg cash reserve to be fiJ5ty restored. NOTE E {Page,71 As with the other WDC member churches a contribution to WyLqm & DÉstrlct Planned Giving contn"bub"ons decreased. Gtft AMJ included that on small donations NOTE F (Page 7) Parish Share was paid in fvll, at £47,940 an in¢ase of 2.QKIYo on 2021. NOTE G (Pages 6 & 7) va¢S working eXSe share is Ovwham & Wytam exh 40% & Heddon 20% Curate's expenses (inghaM & Wylam 42.5% each 3 others 5% each. 140TE H (Pages 7 & 101 Nominal transfer beeen churth & hall against r*ted (x)sts. NOTE J (Page 7) We do not have or employ a pemianent organBL Unpaid volunteers give some (x)ver, as well as paj organists. There was no change in the level of fees. NOTE 2 (Pages 7 & 131 An investmertt £9:367 was ulilised in 2016 to enabte completion of the church hall mCrfJemit10ft. It was pos&ble to restore & slwJhtly increase to £10,000 in 2022. 10
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Wylam St. Oswin's Parochial Church Council Income and ExFEThJiture Accounts for the year entsj 31st Deceffllxr 2022 Charity Account . Restsicted Fund 2.022 Income Collections Bank balances at 07.01.2022 2021 8.105 4,313 120 Expendrture 8th Society Children's Society Christian Aid Church Army Church Homeless Trust CMS ChLtrch Urban Fund Cornerstone Crisis DS Trust Friends of EaSoOd Park Great North Air Ambulan Service Holy Spirit Denton Ivad Freeman Hospital Jerusalem and the Middle East Chufch Asswtion Lepra MAF Marie Curie Mind Missions to Seafarers Molhefs. Un Mults"ple Sclen)sis Newcastle Hospital Charities Northumbria Deaf MissM)n PCDC Parkinson's UK The People's Kitchen RNLI Royal Brttish Legion Society Poppy ApFeal St Oswakl's Hospice st Peters M¢>Jhidshane Sightsavers Society for the Promotion of Christsan KnOWge {SPCK) Society of Sl Francis Tynedale Hospice at Home Untted Society for Ihe Propagation of Ihe Gospel (USPG) Water Aj'd West End Refugee Servt West NorthumberlarKI F4>Jd Bank 8,105 4,433 147 252 1138 72 132 175 383 158 67 181 83 116 632 171 28 95 154 110 58 135 76 106 202 117 1219 700 68 287 37 73 40 259 176 93 120 23 157 167 230 121 180 371 163 404 40 47 33 63 115 40 82 60 230 141 S34 76 296 8,105 4,433 Note1 This represents the total donated to the church and indudes chaT%tatile donatnS at fvnerals The total colle¢led vaties according to where the Wylam & DtrICt Churches joint servtces a he5d the ntsmber of ftJner*. 12
Wylam St. Oswin's Parochial Church Council Notes to the Finanoal Statement for the year ended 31st Decemb2r 2022 2} The investments recorded in the statement of assets and liabilitEs are as fdlows.. Market value 2022 M•ket value 2021 General Fund Rgserv•s 2022 Sufplus tri restore Reserves Balance blfv CBF E*JSit Furtd 5.0(X) 10,0 The money for these investments was given for the purpose of generating income for the general fund The capital of £9,367 was not to be spent except in exceptional circumstan. The £9:367 was part of the C8F Deposrt Fund and the interest part of the total bank interest During 2016 the PCC agreed to uulise these funds for the hall improvements and thus for the purpose of generating funds. Surpluses in the hall tra(ling account will provKle an ItOrne stream to the PCC. The capital replacement commenced in 2018 fhe sum of £1.250. 179T Wylam: Blackett Bequest ITnBt Fund} under the trusteeship of the Neweastie Diocesan Sc 2,915.62 CBF Investsnent FurKI Units 68,278 The purchase cost of these investrnents was £8,469. The Blackett Trust Fund is an expendable endowment ftjnd. The income is accounted for in the gener81 fund 2019-. £1,625 (2018: £1,585,). The capital ¢s avaikble in an emergency at the discretioft of the Trustees {DK)cesan kniety): Income is available for charitable and ec¢lesiasb'¢al purFoses in the parish. IExtract from Trust document) 179T Wylam Vlcafs Digcrgtionary Fund 882 CBF Investment Fund Units 18,223 20,655 The purchase cost of this investment was £1.(M)O. The capital is rErmanenL The income is available to the Incumbent at their SO discretion for general tharitable purposes in the parish. IExtract from Trust dcKument) 3) The William Hedley Repair Fund is a sepafale registered charity under the trusteeship of tb.e PCC Treasurer and other trustees. Durino 2022 this charity made £800 expenditure {2021 £6971 on the rna1ntenan of the church and ha15 grounds cost ttHt woukl have teen tome by the PCC. 13