Charity Registered No: 244047
Saint Andrew's Church Estate including the Charity of
Sir William Blackett the Younger
Report and Financial Statements
Year ended 31 December 2023

Saint Andrews Church Estate including the Charity of Sir William Blackett the
Younger
Legal and Administrative Information
Constitution
The Saint Andrew's Church Estate including th¢ Charity of Str Wilham Blackett the Younger is a
Charitable trnst governed by its Trust Deed. It is a registered charity no 244047.
Trustees
The Tnkste¢$ who Se￿ed during the y¢ar were..
Revd Micbael Hills
Mrs Rosemary Hail
Mrs Bathra Porter
Offices
St Andrew's Chuwh
Newgate Str¢et
Newcastle upon Tyne
NEI SSS
Bankers
Lloyds
102 Grey Str¢¢t
Newcastl¢ upon T￿¢
NE99 ISL
Invostmont Advisors
Brewin Dolphin
Time Centsal
Gallowgaie
Newcastle upon Tyne
NEI 4SR
Solicitors
Nicholson and MorgaD
14 Belle Vxllas
City Centre
Ponteland
Newcastle upon T￿¢
NE20 9BE

Saint Andrew's Church Estate induding the Charity of Sir William Btackett the
Younger
Trustees, Report
for the year ended 31 Docember 2023
Trust
The T￿￿t was established by a Tn￿t Deed dated 7 April 1702 and registered with the Charities
Conunission on 21 April 1967.
Charltable Objects of the Trust
The Tn￿t'S charitable objectives are:
The upkeep and maintenance of St Andrews Church,
b)
The maintenanee of services in th¢ chur¢￿ and 8ub8idiary thetrto,
The advancement of the religious and other ¢harit#ble work of the Church of England in the
Ecclesiastical Parish of the Church of St. AAdr¢w, Newgate Street, Ne￿astle upon Tyne.
The Charity aims to satisfy its objects and demonstrates its public benefit throu8h the above three main
areas of charitable activity. When considering its proposed plans of activity and preparing this r¢tKTrrL the
Tnlstees have considered the Chariry Commi&8ion's guidance on public benefit.
Structure, Governance and Management
(l) The Trnslees meei at least quarterly ￿d nthke all de¢ii*ions regarding inveslments and eX￿ndit￿re.
(2) The Trustees have delegated the day-today managejnent of the retttsl of the Tn￿t'S prop¢rtie$ to
George F White inco￿)rating Johnson Tucker LLP.
(3) The Trnstee8 have delegated the day-today management of the Trust's inveslments to Brewin
Dolphin.
(4) Trnstees are appointed by the existing Trustees PUTsuant to the PTovisions of the Trust Deed. New
Trnstees are found from the contacts and person81 knowledge of exi8ting Trustees. The aim of the
Tn￿tee$ in m8kin8 appointments is to have a range of skills qualifications and experience suited to
achieving the objeets of the Trust as set out in the Trust De￿.
(5) On appointmeni, TTUSttts provided with a eopy of the Trust Decd, the most recent fm4ncia]
statemenLq and illvesttnent trpons and minutes of Trustees meetings. The experience of th¢ persons
app)inted uSU￿]Y means that they haye a good understanding of the r¢sp¢)nsibiliti¢s of a charity
tNqtee, but where necassary suidanee is available from the TnL8t's solicitors. R¢levant Charity
Commission publications are also available to the Trustees.
Due to the resi(luai pandemic rclated aftem)ath there were ttvo face to face TTUStees meetings of the Trust
during the year. Onc¢ agai￿ our inveslments advisorcommunicated via email and telephone conversations.
Meetings w¢r¢ alwa￿ minuted by the secretary. The meetings were attended by the Trustees and by
professionat advisors when they were required. The Tnjstees were regularly in contact witb ea¢h oth¢r
during the year in their Toles as Vicar and ChurcbwardeLs. The Tn]stees receive no remunerdtion for
attendance at meetings or for all the work they perfom) os Trnstees.
Rlsk Management
The Trnstees have considered any risks. to which the Trust might be exp08ed and are salisfied tbat the
admijllstrdtive illvestment and finallcial procedures whi¢h ar¢ in place minimi5e the risk of any loss to the
Tn￿L The w)sition is ttviewed ￿ularlY by the Trwst¢es.

Saint Andrevls Church Estate includlng the Charity of Sir William Blackett Ihe
Younger
Trustees, Report
for the year ended 31 December 2023
Roview of Activiti•$ and Porforniance
Once again, w¢ had wo churchwardens in place a8 Trnstees. One churchwarden remained in the
'wlnerable' ¢at¢gory (as d¢￿ribed by NHSTrHE) sustaining minor health issues, together with the vicar,
which slowed the pace of progress but did not Si8nificantly impede it. Although this clearly affected how
w¢ We￿ able lo meet as Tn￿te¢s. it did not affeet iTruWui for this period.
Our contlnued response.
Treasurer
Mich¢ll¢ Small, as per l&st y&ir, has provided regular updat¢s, when working practices elsewhere in
the City were far from unifomi- there being many o￿lre5 in this location either working from
home, working reduced hours, or part-time and variable routines. Consequently* we too are scoping
whether it might be efficient andlor prndent for us to do likewi4e.
George F White incorporating Johnson Tueker
Gary RobiL8on has. as eyer, been efficient, productive and tenacious this year. Once again liaising
shrewdly with all stskeholders and trnstees to offer re8LElar al￿ helpful advi¢e throughout this
consistently ¢hallenging peri(MJ of our history, his combination (Trf sound judgement and diplomacy
has gecured rcspECtabl¢ fmancial benefits for the Trust again this year, for which we are very
grateful.
Brewin Dolphin
Anna Mccready, CFA h&s also been a valued source of eDcouragem¢nt and advice throughout this
period, ensuring thai our investments were appropriately monitored, and good governance achieved.
Llability Insurance for Trustees
After taking advice tbis was success￿IlY set up in 2022 and will Gontinue each ye4r so that all
extstitig truste£s rernain suitable protected.
Strategy regarding rental properties
The t¢[￿lts were still opernting in a variety of circumstances, 80 thi5 year we ¢ontinued our
developed practice of la%t year with bespoke responses. We rnaintained that it was still both fair and
indeed the Christian response to undertake re8ular dialogue with each t¢nanL so that no party was
unnecessarily disadvantaged. The strategy of kindne&8 and good practice develop¢d over the past
two years kn reaped both Vdstoral and fitwhcial reward as all tenaots now off¢r fvll rent. Good
news for all concerned.
This stonce of ethical dignity still trmalns a ￿e&sary leil-motif.
lll.
Iv.
Flnanclal rnvi
The TrnsÈ¢¢s W¢Te gratefvl for the finallcial investment advice received from Anna McCTeady, Brewin
Dolphin. Th¢ income for the Tn￿t during the year a￿oUntrd to £2252,910 and expenditure tothlled
£211,369. The market value of listed investtnents Ancreaged to £627,745.
Investmènt pollcy and performan¢9
The Trust is dep¢nd¢nt sol¢ly on income from its investments to fulfil its objects. The Trllstees, investment
objective is therefore to maintain and enhattce the value of th¢ fix¢d ass¢¢s and investments over the long tem
in order to maintaan and if possible increas¢ the income available for the PUqK)ses of the Trust. Inv¢5tm¢nts
and projected incom¢ are reviewedquarterly and perfonnance cornpared with appropriate indices. Taking into
a¢¢ount the effects of the economic and financial crisis and in particular the problems iii the banking sector,
investment perfom]ance has been satisfactory. We have retained a risk category of 5 which is diversifjed risk
portfolio.

Saint Andrews Church Estate including the Charity of Slr Wllllam Blackett the
Younger
Trustees, Report
for the year ended 31 Decemb•r 2023
ReMrv¢$ pollcy
Reserves which represent the balanee of unrestrictsd funds which a8 at 31 Deeember2022 was £3,529,037.
It is the policy of the Tn￿leeS to retsin suifi¢ient reserves, subject to fluctuation in the value of the
investh]ents to ensure that in the eveni of a significani reduthion in in¢om¢ th¢ Twstces could ai l¢a5t
maintain the regular expendibjre. The Truste¢s bave tok¢n into a￿Ount the Current level of yield on
Investhients, market volatiliry and the e¢onomi¢ outlook.
Futur• Plans and concluslon
Por¢h
As reported last year.. The Jubilee Cbap¢l (¢olloquialEy duribed as the 'priest porch.) continues to ¢ause
eoncern as the iswe of water ingr¢5s persists, ￿ the point wh¢r¢ it became prudent stewardsbip io ask our
archite¢t to inspeet on¢e again. Sinc¢ last year's report no p￿tical progress has been made to datr. English
Heritage support our collectiv¢ ¢oll¢ern regardin8 this $¢ction of th¢ church building. The architect is
preparing a scheme of work(togetlw with th¢ ￿￿e&sary co￿¢s￿onding fa¢ulty application) and will project
m8nag¢ at the wli¢st opportuthity.
Muslc and Llturgy
Our relationsh￿ with Newcastle Urriversity (music departtnent) bas continucd to PTO8r¢ss. Vo¢al scholaTS
managed to deliver traditional 'Compline' again for both Advent and I£nL Once again, recordinus wcro
circulated to reach those who were Yulnerdble and isolated They were also able to sitig throughout tenll
time and during Holy Week. Offering 'Sung Matins, IBCP) estabiished 8 unique lilurgical footprint
during terni lime. aitracting a growing alld gatbered cOng￿88U￿ty whi¢h also i%tilliulates the musicians.
Building on last year's hosting. we illcreased our hosting CaP￿lty for a vari¢ty of NU seasonal
concerts. which are than￿llY gailling momthtlun. as pr¢di¢t¢d, in both style ond number. Next year, for
exanwle, we shall support individual reeital progratnmes and develop # fflaÈionship¥ with the op¢rati¢
department to deliver 'The Fairy Queen, {Purcell) iti chuwh. Thi$ b￿. great pOt￿tIal for fiwth¢r
development as all parti&8 remain positive al￿ keen to pro¥re&s.
Building on these firn] foundation& the orgall sChola￿bip we were hopiDg for has mateTialis¢d this Y￿[,
with a first year O￿all scholar arrtving itt the September temi who will F4)t¢ntially stay with us for three
years. thus providing our much desired tolllinuity of output, and a Jnauag¢abl¢ dire¢tion for developmenL
It has already deepened bcal outreach (mi&sion) and fomered wid¢r parthership$ within the musical
community.
The ideal aspiration for the Choir is to 'double up, as soon as possible (i.e. so that the exi$titi& SATB
onfiguration becomes SSAATTBB). This will result in the singing parts being lesg '¢xwsed' and allow
the conductor to deliver a more comprehensive repertoire with in¢reased flexibility ond rapacity.
In additicm, w¢ have r¢a¢hed out to the university technical departmenL to detennitie bow besi to record the
conc¢rts and s¢rvic¢s. Th¢re are a number of reasons for pursuing this trajeetory- the most obvious being
to cr¢a(¢ a tangible narrative, evidencing progress and outpuL which in ttmi will establisb a degree of
redibility when approaching outside fimding streams. Eventually we SI￿11 build up a librnry of quotity
recorth'ngs for not only liturgical use, but as gifts or as fvndraising ￿tential.
We retain p¢nni$sion to des¢ribe ourselves as being 'in partnership, with Newcastle University. This
language features on the NU Music Department website, who have accepted our 'v(Kal scholarship,
overtures as b¢ing mutually beneficial. Our own Church websites are currently bejng refirshed to Lrfle¢t
thes¢ current needs and the organic nature of the city in which we are set.

Saint Andrews Church Estate includlng the Charity of Sir William Blackett the
Younger
Trustees, Report
for the year ended 31 December 2023
Conservation
As was the lasi y¢ar, our Ward Councillor remain5 SUPPOrtive of the plaDS ¢0 d¢veliTrp the grouods as
'an oasis of calm and healing., We remain on the City CourKil radar, ar¢ still part of the Dietropolitan
eonversation, and will hopefully be able to add unique value to the city gr¢¢n spaoes project(s) once the
inertia creat¢d by the pandemic gives way to a new ellergy. The vi¢ar is due to meet with the local
biodiversityteam in theirscheduled meeting (spring 2024) to progress matter5. Afterreaching out ea¢h year
to Neweastle University (Ecology Departmen1} their undergraduate and post-graduate stud¢ncs ¢onduct
supervised 'site surveys,. This y¢ar we deepened those undergrnduate illsigbts once again during the Dew
sea%on by attrdcting parish input. In practical terms there are a nwnber of projects we can prosecule to add
real value to the grounds. Th¢ ¢aveaL as with all natLtre-based projects, is an element of trial and error.
Neverrheless, in temis of 'next steps, our task is to approach other I￿al stakeholder5 to encourdge a sense
of 'Ownersh￿, so that all plgnned improvements are successfijlly maintsined. There are two key initiatives
Firstly, the N¢w¢astle City Council 'Green Spaces. tnitiative. Secondly, the national 'Ew-Church'
agenda, which is parented by 'A Rocha UK. and tms awarded the Church 'Bronze' status for our current
Contribution to these environmentsl I￿UCs. The award takes into account a wide range of topics, including
boiler and waier effi¢i¢ncy as well as consetvation in the ehurehyar&grounds. The aspiration is to progr
tn all respects to a¢hieve 'Silver' status in the coming year. The vision to enjoy, nurture and defend nature
has been shared by the parish not only for developing stewardship of Creation, but also for the more subi
by-product of rnental wellbeing. resilience and fellowship which oceurs as a result of these activities. The
journey continues.
ondu$lon
Som¢ challenges from the pw)demic are still with us, although each month PTovides fresh hope. Progress
r¢maiDS slow but is nevertheless on fum foundations. CoIonaviru￿ continues to impactperiodically, but less
of a problem as the year IMS progressed.
Many thanks ty all who hav¢ ¢onsi8tently supported the art of the possible, displayed a positiv¢ mitidseL
with generosity of spirit and tetwity 'in spades, once again. Consequenily. as we cO￿]tiVe tt> be ad4pthble
and upbeal I am happy to report that the fvture for us alld the mission of th¢ Trust Still remains positive in
all resp￿t&
SL7t•m•nt of Truste￿, Resp￿sIbIlItIe8
The Trustees are responsible for preparitw th¢ Trus*¢$' Report aT￿ the fJnancia] statements in accordance
with applicable law and United Kingdom A¢coulltiDg Standards (United Kingdom Generally Accepted
Accounting Practice).
The law applicabl¢ to ¢lJaTiti¢s in Eng]and & Wales requires the Tn￿teeS to Prepare fLn8ncial ststements for
each fllMll¢i#l year which giY¢ a tNe and fair view of the stste of &ffait¥ of the cR￿lty and of the incoming
resoutces aDd appli¢ationof resources of theCI)arity forthatperiod. In preparing these finalloial 8tat¢men
the Trust¢es aT¢ required to:
Select suitsble accounting policies and then apply consistently.
Make judgements and est&mates are re&wnable and prudent;
Stste wh¢th¢r appli¢able ￿￿untIng standards have been followed, subjert to any material
dep4rtur¢y disclosed and explained in the fmanclal sthtrmenty alld
Prepare the financial statements on the goithg con¢em basis unless it is inappropriate to presutne that
the Charity will continue ill bLsin¢ss.

Saint AndreWs Church Estate including the Chaiity of Sir William Blackett the
Younger
Trustees, Report
for the year onded 31 Dec8mb•r 2023
The Tnjstees atr responsible for keeping proper aceounting records that dis¢los¢ with rea80nable accuracy
at any tAJne the ￿ancIal position of the ¢haTity and enable them b) ensuT¢ that the financi￿ statements
comply the Charities Act 201 lalld the provi8ioD5 of the lrnst deed. They are a180 responsible for
safeguard]ng the assets of th¢ Charity and h¢nc¢ fortsking reasonable steps for the prevention and d￿ectiOn
of fraud and other irregularities.
Approved by the Tn￿leeS and signed on their behalf by..
Revd Michael J Hills
Chairnian
Date

Independent examiners, report
lo the Truste88 of Salnt Andrews Church Estate includlng thè Charity of Sir William
Blackett the Younger
J report on the accounts of the Cbarity for the year ended 31 Decemb¢r 2023, which are set out onpages 8
to 14.
This report is made solely to the Trustee5, as a b(xly. The examination has been un¢Jertaken so that I might
stste to th¢ Twstees those matters that are iequir¢d to be staled in an examiner's report and for no oth¢T
pu4)ose. To the fvllest extent pemitted by law, I do not a¢cept or assume reSponsi￿lIlty to allyon¢ other
than the Charity and the Tn￿teeS a5 a body, for this examination, for this report, or for tIL¢ Statements
Respectlvè responsibilities of Trust•os and examinor
The Charity's Tn￿te¢S are responsible for the preparati(m of the accounts. The Tnjsteèg Consider that an
audit is nol r¢quired for this year under section 144(2) of th¢ Charities Act 2011 (the 2011 Act) alld. that
all iDd¢peD(knt examination is needed.
It is my responsAbi]ity to:
examine the a￿oll￿tS U1￿¢r Section 145 of the 2011 Act.
to follow the procedures laid down in the general Directions given by the Charity Conllnission
under section 145(5Mb) of th¢ 2011 Act; and
to state whether particularAnatt¢rs have come tt) my attention.
Basi8 of independent gxaminer's statsmont
My examination was ca￿led out in accoTdance with the general Directions given by th£ Charity
Commission. An examination include5 a review of the accounting recor(Ls kq)t by thc ChaTity and a
comparison of the accounts presented with those records. li also includes consideration of any unusual
ltell￿ or disclosurcs in the accounts, and seeking explanations from you ps TTUStees ￿ncerning any such
matters. The procedures undertaken do not provide all Ihe eviden¢¢ that would be required it) an audii and
consequendy no opinion iy given as to whether the accounts present a 'true and faiT Yiew, and the report is
limited to those matteri set out in the slatement below.
Independent examlnerfs statoment
In conneetion wrth my examination. no matter has eome to my attention..
which gives me reasonable cause io believe that in any material r¢spx¢ the requirements".
to keep accoullting T¢wrds in accordance with section 130 of the 2011 ACL and
io prepare ac¢outtts which accord with the accountin8 record8, ¢omply with the accounting
requitrments of the 2011 Act
have not been meL' or
2. to which, iti my opinion, attention should be drnwn in order to enable a proper understanding of the
accounts to be reached.
Name.. Carolin¢ Mulley
Relewallt professional qualification orbcrfjy: tnstitute of Chart¢T¢d A¢cowitants in England and Wal&4
Address: Newcastle upon Tyne
Date:
Ib44 2oLLk

Saint Andrew's Church Estate including the Charity of Sir William Blackett the
Younger
Statement of financial activities
for the year ended 31 Do¢ombor 2023
2023
roial
2022
Note5 Unreslricled Reslrwled
INCOME FROAI."
Volunt•ryln¢¢)m•
Donations for music Scholarship
Donation for grave repair
Grant for heating
Donations
2,650
24.877
2,650
24.877
2,460
2,096
150
150
Fund ralslng
Jnveslment income
214.041
214,041
226202
Otherincome
Jnsurallce claim
11.192
11,192
12,714
Totsl income
214,191
38,719
252,910
243,472
EXPENDITURE
Charltablo aetlvftks
107,880
13,842
121,722
127,048
Costs of fund rnlslng
89,647
89.047
81,084
Total expenditure
187.527
13,842
211J69
208,132
Net incom&{expenditure)
26,664
24.877
41,541
35,240
Realised losses on investment &S8¢ts
Unrealised gain￿(105Se8) on investment assets
Unmlised gain on investment properties
(2.893)
19,553
(2,893)
19.553
(8.507)
(85,854)
Net movement in funds in year
43,324
24,877
58,201
(59,021}
Toi41 brought fonvaTd
3,470,836
3,470,836 3,529,857
Total fLuth carried fonvard
3,514,160
24,877 3,529,037 3.470,836
All activities are continuitig.

Saint Andrew's Church Estate including the Charity of Sir William Blackett the
Younger
Balance sheet
at 31 December 2023
2023
2022
Notes
Fixedassets
Investmenl Properties
Invcstrnents
2,700,000
627,745
2,700,0(XI
599,625
3J27,745
3,299,625
C4mnt assets
Debtors
Cash ai bank
24,569
199.280
30,228
152,430
223,849
(22557)
182,658
(11,47)
Crndltoys.. amounts falling due withiti one year
Idet ¢urnnt•ssets
20I292
171.211
Net assets
3,529.037 3,470.836
Fund$
Unrestrictcd
Restiicted
3.514.160 3,470,836
24,877
Total funds
3,529,037 3,470,836
Approved by the Board of Tn￿e¢S on
1I42ow
and signed on its behalf by:
M.T.HaL.
Revd Micha¢l J Hills- Chair]n

Saint Andrews Church Estate inclLKling the Charity of Sir William Blackett the
Younger
Notes to the financial statements
at 310o¢•mbor 2023
1. Accounting policies
St•t•mont of ¢omplianco and 4)f prepa￿lI0n
Saint Andrew's Chureh Estate is an uniDcory)ornted Charity registered in England. The Registered Office is St
Andrew's Church, Newgate Street, Newcasile upon Tyne, NEI SSS. The financial slatejnents have been
prepared in complianee with the Clwities SORP {FRS 102) "Accounting and Reponllw by Charities:
Statement of Rttojnmended Practice applicabl¢ to charities preparing their accounts In accordance with the
Fitiallcial Reporting Stsndard$ Jppli¢able in the UK and Republic of Ireland (FRS 102) (effective l January
2015)" The Clwity i14 ¢X¢mPt from preparing a statement of cash tlows as it meets the requirements of a
Small Chatity.
The principal accounting poli¢i¢s adoptrd iti the preparation of the financial sratements are set out below.
A¢¢ounLlng COn￿nI10n
The fil￿ncIal ststemems are prepared under th¢ hislorical cosl convention and in accordance with the
Accounling and Reporting by Charities.. Statement of R￿¢)rnrnended Practice SO11￿ (FRS 102). There were
no material differences identif*d on ad¢)ptson of the SOBTr (FRS 102).
In￿sImOn￿
Invesunents are included in the balance sheet ai market value. Proctrdg from sale of Tights i%8ues are credited
against the cost of investmenL The Staiement of Fin8n¢ial knivitie5 in¢lud¢s the net gains and losses ari8ing
on reVaI￿atIon and disposals througbout the year.
Inv•slm•ntpKDpwtl•s
The Charity's properties are held for long-terni investment. Investsllent properties are 8wovnt¢d for in
accordance with FRS 102 and are held ai fair value. The &ssets are valued by an indet*ndent finn of chartered
surveyors. The valuation is perfonned every five yeaTS, subje￿ only lo obtaining advice as to the wssibility
of any material movements between valuationg. Any mat¢ri41 surplus or deficit on revaluation is transferred
to the revaluation reserve unless a deficii below original cost, or its rev¢rsal. on an individual inveslmenl
propety is expected kn be pern￿¢ in which case it is reeogni*d in the 8tatement of flnancial a¢tivities for
the year.
The Trust¢es b¢li¢v¢ that the policy of not providing depreciation is necessary in order for the f]nancial
stat¢m¢uts to give a true and fair view, since the current value of investjnent proI*rties, and changes to thai
¢UFr¢nl value, are of prime importance rdther than a caleu1￿10￿ of systenthtic atjnual depreciati¢)n.
Depreciation is only one of the many factors ￿fleCted iti the annual valuatioJ4 and the amount which mighi
otherwise have been included camiot be separatrly Adelltified or quantified.
Fund 8¢¢ounting
If the Charity r¢ceives fiwds for a particular purpose specified by the donor then the amounts #r¢ inelud¢d iti
r¢strict¢d funds and the relevamt expenditure is charged agaitist the
Investment In¢ome
Income from bank deposits anddiviiknds are accounted foron a receivedbasis. Rentals receivableare credited
Tn the statement of f￿￿￿la[ acuvitses on an a¢¢ruals basis recognising income receivable for the perio
10

Saint AndreWs Church Estate including the Charity of Sir Willlam Blackett the
Younger
Notes to the financial statements
* 31 Docornbgr 2023
1. Accounting policies (continued)
Rèsour￿ exp•nd•d
Liabilities are ttwguis¢d as resouTces expended as soon & theTe is a lcgal or Const￿CtIVe obligation
committillg tb¢ Charity to the expenditure. All expenditutE is accounted for on an a¢¢n￿lS basis alld has been
classified uuderheadings thai aggregate all COSLS related to the category. Where expenditure falls wholly within
one of the expenditure Categories contained within the State￿ent of Financial Activities, it is shown wholly
witbin that category. Other costs are allocated to the expenditure categorie5 by managemeni on a reasonable
and coLsist¢Dt babis ea¢h year, having rewd to the proEx)rtiou of t1￿¢ or resource8 expended on each activiry.
2. Investmont income
2023
2022
Dividends
Jntere5t receivable
Rent r¢¢¢ived
19,021
361
194,659
12,714
142
211,620
214,041
226202
3. Resources expended
2023
2022
Expendilurepayable infyrÉherance ofchurity's objeciives- unreSIr￿1ed
Diocesan quola
Repairs and restoration costy
Donations
Music Scholarship
Support costs
29,730
15,161
29,730
24,174
5,0(X)
6,735
44,139
11.300
51.689
107.880
109,778
Expendilurepayable irtfyrthernnce ofcharity s objectnYs- reslrKied
Music ￿holarship
Heating funded by Dioces¢
Repairs fimded by i￿llr￿n¢¢ Claim
2.650
2,460
2,096
12,714
11,192
13,842
17,270
Fundrniiing
tnvebtmentproperty costs
Inve¥trn¢nt propety management costs
Investmeni management fees
Support costs
25,552
7.440
4.966
51,689
19.060
7,440
8,350
46,234
89,647
81,084
11

Saint Andrew's Church Estate including the Charity of Sir William Blackett the
Younger
Notes to the financial statements
at 31 December 2023
Resources expended {continued)
Supporl costs ofcharilable uctivili
Accommiyjation cxpcn5e5
Professional fecs
Sthff ¢￿ts
Other administrative costs
Independent examiner
48.726
28,891
1.775
61,368
235
200
52,764
1,788
loo
103,378
92,469
Allocated based on titne spentby staff 50 /0 to ¢lwitsble ￿tiVitieS and 500A to fund rdising
No Temuneration waspaid to Tn￿teeS An the year. norwere any Tru5teG8' expenses reimbutsed. Th¢ stslycosts
were in respect of the vergels salary, and the saEary of the administrats've assistant which were paid on b¢I￿lf
of St Andrew's as well as a contribution to costs of Revd M Hills.
4. Investment properties
Freel￿zdProPerty
Valuation:
At 31 D¢mber 2022 and 31 Decet]Jber 2021
2,700,(XK>
The freehold proiKrty C4)nsists of..
91195 Per¢y Stree( Newcastle wn Tyne, NEI 7RW- this prqxry was valu¢d by Joijnsoll Tu¢k¢r on 24
May 2022 at £2,000,0(N).
Bradburn House, (Ano Northumberland StreeL Newcastle upon Tyne, NEI 7DF- this prop¢rty was valued
by Johnson Tucker on 24 May 2022 at £700,(MK>.
These properties are leased to tenants under operating leases, 91195 Perey Str¢¢t over a rattge of period8 with
expiry dates up to 2028 and Bradbum Hou&e with 92 year5 rema1t￿g.
12

Saint Andrews Church Estate including the Charity of Sir Wllllam Blackett the
Younger
Notes to the financial statements
at 31 December 2023
5. Investments
Unres¢ricled
fvThls
Toial
Lifled
Inveslments
Cash
Marke¢ value at l January 2023
ttss Disposals
Add Acquisilions at Cost
Change in market value
Li>ss on disposal
Dividends and interest
Jnvesttnent management fe
572533
{41,848)
69,677
19,553
(2,893)
27.092
41,848
{69.677)
599,625
19,553
(2,893)
17.266
(5.806)
17,206
(5,8061
Market value ai 31 December 2023
617,022
10,723
627,745
HistiTrric Cost at 31 December 2023
567,733
All investtnents were managed by Brewin Dolphin. The Trustees consider indivi(lual investment holdings in
exce&8 of 10/0 of the portfolio Yalue to be m￿e[la1. there were no mat¢rial inveslment holdllws in the year.
6. Debtors
2023
2022
Prepayments
Balauce beld by propety manage
Arrears of r¢nl
1.755
21,647
1,167
8.236
10,867
11,125
24.569
30,228
7. Creditors
2023
2022
Trade creditors
D¢f¢rr¢d rcllthl income
14,440
8,117
10,764
683
22,557
11,447
Related party transacllons
Th¢ Trnstee5 are tM)th chuTchwardens of St Anth¢w's Church. The Erallt5 made to St Andrew's Church foT
repairs and n￿IntenanCe are set out in note 3.
13

Saint Andrew's Church Estate including Ihe Charity of Sir William Blackett the
Younger
Notes to the financial statements
at 31 D•¢ombor 2023
9. 8equo8t A¢¢ount
This account represenis the Charity of Sir William Blackett the Younger
(St Andrew's Ancient P8rAsh R¢li¢f ill N¢cd Charity)
2023
2022
Balance as at l January 2023
Investment income for the year
Expenditur¢ during the year
20
20
Balance &$ a¢ 31 Dec¢mb¢r 2023
20
20
10. Taxalion
As a ￿gIstered charity the entity is not liable for any corpordtion tax arising from its activities during the year.
11. Analysis of movements on funds
Ar l Jtsmiary
2022 Income Expenduure
Invesimeni
Los.ges
31 Deeefftber
2022
Transfers
Unreslricted
Genernl
3,470,836 214,191
(187,527)
16,600
3J14,160
Reslricied
Music scholarthip
IATrnation r¢ grave
Insurance c]aim
2,650
24.877
11,192
(2,650)
24,877
(11,192)
38,719
(13,842)
24.877
Total funds
3.470,836 252,910
(211,369)
16,660
3,529,037
14