Charity re8lStration number.. 1131093
Morpeth Parochial Church Council
Annual Report and Financial Ststements
for the Year Ended 31 December 2024
Wellway A￿Ountants Limited
Borough Hall
Wellway
Moipeth
Northumberland
NE61 IBN

Morpeth Parochial Church Counell
Contents (eontinued)
Reference and Adtnittistrative Details
Trustees, Report
2to5
Statement of Tru5teeg Responsibilities
Independent Examiner's Report
Statement of Financial Activities
8t09
Balance Sheet
io
Notes to the Fin&rtcial Statements
Ilto23

Morpeth Parochial Church Council
Reference and Administrative Details
Charity Reglstratlon Number
1131093
PriDtipg1 Office
Morpeth Parish Offiee
St Aidan's ChuTch
Shields Road
Morpeth
Northumberland
NE612SA
Auditor
Wellway A¢wuntants Limited
Borough Hall
Wellway
Morpeth
Northumberland
NB61 IBN
Page I

Morpeth Parochial Church Council
Trustee5' Report
The trustees present the atmual report together wth the financial statements of the charity for the y¢gr ¢nded 31
December 2024.
Aim$ #nd purposes
Morpeth PaTochial Church Council (Morpeth PCCI has the responsibility of Co-operating Mith the incumbent,
the Rev. Canoti Simon White, in promoting in the ecclesiastical parish the whole mission of the chur¢h, pastoral,
evan8eli5tic. social and ecujnenical. It also has the maint¢nan¢¢ responsibilities for the three local churches of St
Mary. St Jam¢5 and St Aidan together with the premises at 7 Manchester Street.
Objectives And activitie5
Th¢ Parish has been a centre of worship and of seNi¢e to the community of Morpeth for over 800 years. Our
obje¢itve is to b¢ a worshipping and praying community, which is open to the Grace of God a¢live in Christian
service and ready to reach out tn fellowship to enable people to r¢5pond to God, so that we can wntinue Christ's
Work in the world.
Achiev¢ments and performance
Worship %nd prayer
The PCC is keen to offer a range of services during the week and over the course of the year that our community
find both beneficial and spiritually fulfilling. For example, evening prayers provide a quieL intimate and
reliective environrttent for worship, while opportunities are provided for people to engage in more outgoing
worship in a variety of styles such as our Holy ComEnunion, Simply Worship, S¢rvice of the Word, Ev¢nsong,
Cafr Church inteTgener2tional ¢hur¢h services, and FEAST (Friday EYenEng And Spiritual TTtasuTesl monthly
teaching and fellowship e￿nts. We also nln hom¢ groups.
All are welcome to attend our regular services. At present there are 213 parishioners on the church electoral roll.
Two names were added during the year and I was removed because he left the parish.
As well as our regular Setvi￿S, we enable our community to celebrate and thank God at the milestones of the
journey through life. Through baptism we thank God for the gift of lifr. in marriage, public vows are exchanged
with God's blessing. through funerAI s¢Tric¢s friends and family express their grief and give that)ks for the lifr
that is now complete in this world and commend the person into God's keeping.
Deanery Synod
Four members of the PCC sit on the Deanery Synod. This provides the PCC an important link between the
parish and the wider stru¢tur¢s of the Church.
The Churches
The PCC use5 the recommendations in the Quinquennial reports to build a programme of works for each
property. WoTk on this piogramme and our regular maintenance pro8ratnsne continue to benefit all properttes.
At St Mary's Church fundraising for work on vital electrics, lighting and decoration has ¢onlinued, and a plan
developed to undertake this work. We are now in a position to coinmence work in 2025.
At Christtnas flooding in the cemetery due to severe storns thr¢at¢ned to flood nearby houses. The PCC took
urgent aaion to engage contractors to prevent this. The cost of this extra work was unforeseen.
The Wat¢hman's Hut in the churchyard was 0peTh￿ up folli)wing previous repeated vandalism. This has
deterred fvrth¢r vandalism ond protected the building.
Pag¢ 2

Morpeth Paroehial Church Council
Trust¢¢s' Report (continued)
At St James, ChLfr¢h work ¢tsntinue5 to open llp the ch￿￿h with glass d(K>rs. Falling pl&ster and internal roof
panels neojed urgent action to keep parishioners safe. Investigation of the ceiling area to the North and South
aisles i5 under investj8ation for progression in 2025.
At St Aidan's Chur¢h only regulaT maintenance been needed this year, with servicing of the organ reinstated
and ongoing
PgstorAI Care
Some members of OUT parish are unable to attend church due to si¢kne55 or age. Such ￿EMberS who have
requested it are visiied io celebrate communion with them eitheT at their hornes or in hospital. There i5 a rota of
volunteers to visii all who are sick or unable to get out for any reasorL to keep thern in touch with church life.
We have a weekly onlÉne service on out YouTube channel which is shown sn Residential Care Home5 and
available for th05¢ who ￿nTr0t make it to church through illness or tnobility issues. We have chaplains in every
care home under the Anna Chaplaitss schem
Mission and Evangellsm
The Parish has continued throughoui the year to dev¢lop its outward looking focus and Éo invest in the
community. The Parish has a mission action plan to help the parish growi in mission and evangelism. This plan
has helped the parish to seek to devclop all its churches into sacred and cotnEnunity spaces and to continue to
serve the wider corntnunity. As part of this plan, the Parish continue5 to progres5 the development and uses for
ts property at 7 Manchester Street.
Helpin8 those in need is a demonstration of OUT faith. The PCC donated £1315 to support the Mustard Tre¢
Trust including Walking Nativity, Lifepath BrinkbuTn. MaTiC Curie and Macmillan charities and provide bibles
to sch¢x>l leavers at Morpeth All Saints C of E Aided First School. Partshioners raised £1842 for the Conta¢t
Morp¢th, Parth¢rs in Community Action Appeal. Macmillan, Mari¢ Curie, Oswin Proje¢L AbeTd¢en UttEv¢isity
Chapel Choir charities.
In additiort pari5hioner5 raise furNJs informally for charities su¢h as Christian Aid atld a wide range of charities
as part of their church group activities. For example the Men's and WometL'S Br¢akfa5t Groups. These funds arc
sent direct and do not form part of the ￿coUnts.
The Parish Ma￿a￿ne been a greot su¢¢ess and is distributed in the town coffee houses and public buildings.
The parish has seen interest in the publicatiott grow as it has invited members of the town to contribute lo the
publication making it a community asset. We distributed 300 eopies throughout the town approximately
bimonthly.
Ecumenical Relationships
The Parish continues to work ¢los¢ly with other churche5 in the tow) and especially for joint eV￿ts at
Christmas and ¢￿ter.
SustAill#bility
In support of the Church of En8land'5 approach to Climate Chang¢, the PCC decided to offset the C8Tbon
emi55ions from energy use in the Paiish bvildings, travel and other associated emissions. A project supporting
cookstoves in Nigeria was ¢hos¢n. which will greatly reduce the amount of wood burn and therefore carbon
emissions and improve living conditions for the local population.
Page 3

Morpeth Paroehial Church Council
Trustees, Report (continued)
Financial Review
Total receipts on unrestricted fi]nd5 were £154.649. of which £104,480 was utJJ¢stri¢kd voluntary donations, a
funher £21,480 was frotn Gift Aid, £9,541 frotn Parochial Fee& £17,302 received for Church Letting atld
£1.846 of interest and other income.
Restricted donations of £21.606 were also received and are detailed in the financia] statements.
Work is ongoing to grow planned giving through us¢ of the 'Parish Giving Scheme., It should be Femembered
that giving doe5 t)ot have tts be financial. Parishioners. gifts of time and talents are just a5 impor¢ant and fully
appreciated.
Thss year we were able to pay our prnmi5ed Parish Share of £65.000, which has been re¢¢iYed w¢ll. This is for
C￿lstian Ministry and largely provides the stipeods and housing for cler8y, but also for training for our clergy
of tomorrow. The sum that church¢s in the deanery have to fjnd is shared between the churches according to a
foTmula that is based mainly on a head count of the congresations. For full details re Parish Share please see the
excelletlt Diocesan d￿UMent onlio¢.
The net result for the year was an excess of receipts over payments of £7,532 on unrestricted funds. Adding
bat￿ and the dep05jt balance brought forward at the be8inning of the year, the balance carFLed fonvard at 31
De¢¢mber on unrestricted funds totalled £27296.
Strueturt, GoYernanc¢ and Mansgement
The Parochial Church Council is a corporat¢ body established by the Churth or England. The PCC operates
uttder the Parochial Church Council Powers Measure.
Tr￿St¢eS are apw>inted at the APCM, hoW￿r the trustees may appoint a new trustee to fill a va¢an¢y
temporarity or to bring in additional skills or experience. Such a trustee will retire at the next AGM but can then
be reappointed.
The PCC members are responsible for making decisions on all matters of general cot)¢em and importance to the
parish including dEciding on how the fijnds of the PCC are to be spent.
The full PCC met 7 times during the year. Given its Thide responsibilities the PCC has a number of committee&
each dealing wth a particular aspe￿ of Parish life. All conunittees are responsible to the PCC and report back to
it regularly with minut&repotts of their re¢ommend&tions. The PCC can then review, discuss atld detail the
way forward Mryth forjnal proposals made as necessary.
SafeguardiDg
Morpeth Parish supports wholeheartedly Y¢)WdTds A Safer Church" Please see the Parish website or notice
boards in church for 5t4frguarding policies.
StaBnill8toll Parish
The Parish of Stannington, although a parish in lis own right is now held in plurality by liev Canon Simon
White who is now Priest-in-charge. This m¢ans that the role of incumbeni is now shared with Morpeth Parish.
Both parishes seek to share centra] S¢Tvices with admin as well a5 5¢eking to sharE lay ministry.
Pag¢ 4

Morpeth Parochial Church Couneil
Trustees, Report (continued)
AdmlTristratlve Informhtio
St Mary's, St Jame5, and St Aidan's Chur¢hes are situated in Morpeth. This is part ofthe Dioc¢s¢ of N¢wca5tl¢
within the Church of England. Correspondence addr¢5S'.
Morpeth Parish oifi¢¢, St Aidan's Church. Shields Road. Morpeth, Northumberland NE612SA
Telephone number.. 01670 503326
Email address: otYKe.morpethparish@8mail.com
Website: Nvivw.y4rishoth]orpeth.orguk
The PCC is a body Corporate (PCC Powers Measure 1956, Chur¢h Repr¢s¢ntation Rules 20111 and registered
wth the Charity Commission. Charity Commission Registration Number 1131093
PCC members who hav¢ seTved at any lime from l January 2024 until the date this report was approved are..
Ex officio members:
Incurnbent.. Canon Simot) J H White {PCC Chairsnan}
Clergy.. Rev Jeremy Cooper (retired NSM in Parish)
Readet". Ms E Annie Newiands (Deanery Synod rep from 30.04.2023)
Ward¢n'. fvfi Michael Daws
WardeTh'. Dr Robert Young
Ward¢n-. Dr Andrew Mowat (stood down 27.06.2024)
Warden.. Ms Kathryn Irwin
Eleeted member5:
Mrs Pauline Ferguson {TepTesentative on Deanery Synod)
Mrs Sally Keith (representative on Deanery Synod)
Mrs Val Pope {representalive on Deanery Synod)
Mrs J¢annett¢ wa￿r$ (Treasurer)
Ms Debbie Bass-Pi¢kin {PSOI
Mrs Pauline Young
Mrs Rhona Dunn
Mr Richard Bi5hopp
Mr Andrew Cant
Mr5 Carol Dixon
Mr5 Julia Task¢r (stood down 14.11.20241
Mrs Sheila Short
Mrs Lyndsey Phillip5 (from 07.04.2024)
Dr Lindsay Giifjllan {from 07.04.2024)
Mr5 Rachel Anderson (from 07.04.20241 (deputy warden)
Non-trustee Parish Secx¢tary'. Mary Steventon
The 8nnual report was approved by the trustee5 ofthe charity on.?. o*....*nd si8ned on its behalf by..
Simon J H White
Trust¢e
Page 5

Morpeth Parochial Church Council
Statement of Trustees, Responsibilities
The trustees are responsible for preparing the trustees, report atld the financial siatements in accordance with the
United Kingdom Accounting Stsndards (United Kingdom G¢nerally Accepted A￿0￿￿tIng Practice) and
applicable law and regul*ions.
The law applicable to Charities requires the trustees to prepare finan¢ial ststements for each financial year which
give a true and fair view of the State of affairs of the Charity and of th¢ incoming resources and application of
r¢sources of the Cha[￿ty for that Friod. In preparing these fman¢ial S￿temen￿ th¢ trustees ar¢ required to..
sele¢t suttable accounting policies and then apply them e0Tr5iStentJy'
observe the methods and principles in the Charities SORP.
make judgements and estimates that are reasonable and prudent.
state wheth¢r applicable accounting standaids have been follow¢d, subject to any material departures
disclosed and explained in the financial staiemenis. and
prepare the financial statements ¢)n the going concern b&sis unless it is inappropriate to presume that the
charity will continue in business.
The tru5te¢s ate responsible for keeping proper accoynt(ng records that disc105e with re&8onable accuracy at any
time the fjnancial position of the charity and enable them to ensure that the financial statements comply with the
Charities Act 2011, the Charities IAc¢ounts and Reports) Regulation5 2008. and the provision5 of the
(x)nstitution. The trustee5 are a150 responsible for Safeguarding the assets of the ¢harity and henc¢ for takin8
reasonable st¢ps for the prevention 2nd detection of fraud and other irregularities.
The trusttes are responsible for the maintenance and integrity of thc corporate and financial information
included on the charithble company's w¢bsiie. Legislaiion governing th¢ preparation and d255etnination of
financÈal statemenis may dityer from legislotion ui other jurisdictions.
Approved by the trl￿teS of the charity on .
sUaThl signed on its behalf by..
Simon J H White
Trustee
Page 6

Morpeth Parochial Church Couneil
Independent Examiner's Report to the trustees of Morpeth Parochial Church Collncil
I report to the trustees on my examinatiotl of the accounts of Mo￿eth PaTochial Church Council for the year
end¢d 31 December 2024.
Responsibilities amd basi$ of report
As the chatity trustees of Morpeth Parochial Church Coun¢il you are responsible for the preparation of the
accounts in accordance with the requirements of the Charttie5 Act 2011 ('thc Aet'l.
I report in respect of my examination of the Morpeth Parochial Church Council's a¢¢ounts ¢arried out under
section 145 of the 2011 Act and in ¢anying out tny examination I have follow¢d all the applicable Diwtions
given by the Charity Commission under section 145151(b} of the A¢t.
Jlldepend¢nt examiner's $tatement
I have completed my examillation. I confimi that no mat¢rEal matter5 have come to my attention in connection
with the exatDination giving rne cause to believe that in any material respect..
l. accounting recoids were not kept in respect of Morpeth Parochial Church Council &$ required by secti(
130 of the Act. or
2. the a¢counts do not accord Mryth those records. or
3. the accouDts do not comply with the accounting requirements COn¢￿Thing the foTm and content of a¢eounts
set out in the Charities {Accounts and RepoTts) Regulations 2008 other than any requirement that the
accounts give a 'trne and fair view. which is not a matter considered as part of an independent
examination.
I have no con¢erns and hav¢ come across no other matters in connection with the examination to which attentiort
should be drawn in this report in orderlo enable a proper understanding of the accounts to be reached.
Borough Hall
Wellway
Moryeth
Northumberland
NE61 IBN
21 May 2025
Page 7

Morpeth Parochial Church Council
Statement of Financial Activities for the Year Ended 31 December 2024
Unrestricted
funds
Restricted
fund5
Total
2024
Note
In¢om¢ And ElldowtNellts from:
Donations and legacies
Investment income
Other income
135,501
1,846
17.302
21.606
2,710
157,107
4.556
17,302
Total income
154,649
24,316
178,965
Expenditure on:
Charitable activities
Other expenditure
(l46,469)
1648)
1146,4691
(5,5821
(4,934)
Total expenditure
Gainsllosses on investment assets
(147.117)
14,9341
1,283
Il52,0511
1,283
Net irtctsme
7,532
20,665
28.197
Net movement in thnds
7,532
20,665
28,197
Reeoneilitttion of funds
Total ￿ndS brought forwdrd
19,764
118.607
138.371
Total fund$ carried forward
16
27,296
Unrestricted
fund5
139,272
Restrieted
fullds
166.568
Total
2023
Not¢
Inco]Ne aDd Endowments from:
Donations and legacies
Investm¢nt income
Other income
129,498
1,992
13,430
49.751
944
179,249
2,936
13.430
Total income
144,920
50.695
195.615
Expenditure oll:
Charitsble activities
Other expenditure
(144.201)
7481
(274)
124.7641
{144,4751
(25.512)
Total expenditure
Gainsllosses on investment assets
{144.949)
{25,0381
4,821
{169,9871
4.821
Net{expeThdtturellineome
Net movement in fijnds
29
30.478
30,449
1291
30.478
30,449
Reeonelllatlon of funds
Total fitnds brought fotivard
19,793
88,129
107,922
Total fvnds c￿ed forward
16
19,764
118,607
138,371
All of the charity* activities derÉve frotn continuing 0￿ratIOnS during the above tsvo p¢riods.
The notes on pages I I to 23 forn) an integrdl part of these F￿an￿]￿l ststem¢nts.
Pag¢ 8

Morpeth Parochial Church Council
Ststement of Financial Activities for the Year Ended 31 December 2024 (continued)
The fund5 breakdown for 2023 is shown in note 16.
The note5 on po8¢5 I I to 23 fomi an integral part of these financia] statements.
Page 9

Morpeth Paroehi21 Church Council
(Registration number: 1131093)
Balance Sheet as at 31 December 2024
21124
2023
Note
Flxed assets
Tangible assets
Imiesiments
741
57,345
58,086
866
56,062
56,928
12
C￿rrent assets
Debtors
Cash at bank and in hand
13
14
31,688
122,442
9,927
102,981
154,130
112,908
Creditors: Amounts falling due within one year
15
145,6481
131,465)
14et current 285et$
108.482
81.443
Net issets
166,568
138,371
Funds of the charity:
Restrlcted Income funds
Restri¢t¢d funds
139,272
118,607
Unrestricted inco￿e fullds
Unttstricted funds
27,296
Total funds
16
166 568
138.371
The fi]vancia] statements on pages 8 to 23 w¢re approved by the trustees, and auihorised for issue on
..*"3&l4nd signed on their behalf by..
Simon J H White
Trustee
The notes on pages I I to 23 forni an int¢gral part of these financial statements.
Page 10

Morpeth Parochial Church Council
Not¢s to the Financial Statements for the Year Ended 31 December 2024
l Aeeountiftg policie5
Statem¢tht ofcompliaNce
The financial slatejnents have been prepared in accordance with the second edition of the Charities Statement of
Recommended Practice issued in O¢tober 2019. the Financial Reporting Standard appli¢able in the Urtited
Kingdom and Republic of Ireland {FRS 102) and the Chariti¢s A¢t 2011.
Basis of prepArAtioD
Morpeth Parochial Church Council meets th¢ definition of a public benefjt entity under FRS 102. The a￿D￿nIS
(financial 5tatcments) have been prepaTed under the historical cost convention with items recognised at cost or
transaction value unless otherwise stated in the relevant note(s} to these accounts.
Going concern
The trustee5 consider that there are no mat¢ria] uncertaintie5 about the charitys ability lo continue as a going
ncern.
Income and endowments
Voluntary incoine including donations, gifts, legacies and grants that provide core funding or are of a g¢neral
nature is re¢o£nised when the charity has entitlement to the income. it is Probable that the income will be
received and the amount can be measured with sufficient reliability.
Donoftons andlegacies
Donations and l¢ga¢ies to the PCC are accounted for as soon as the PCC 15 notified of its le8al entitletnent, the
amoynt du¢ is quantifiable and its ultimate receipt by the PCC ts reasonably ¢eTiain.
Glfl uld
Income tax re¢overable on Gift Aid donations is recognised when the income is received.
inconie
Dividends are reco8nised onrx the divid¢nd has been declared and notification has been r¢c¢iv¢d of th¢ dividend
due.
Expendlture
Expenditure is aecounted for on an acCr￿alS basis and has been 018S5ified under headings that aggregate all cost
related to the category. Where costs cannot be directly attributed to particular headings th¢y hav¢ been allixated
¢0 activities on o basis consistent with the use of resources. Grants offered subjeci to conditions which have not
been met at th¢ yvdr end date are noted as a commitment but not accrued as expenditure.
RalslKgf4nds
Costs of generating hnds are the cost5 of trading for fundraising purposes.
Churflable aclivllies
Charitable expenditure comprises those ¢osts inGurred by the charity in the delivery of its activities and s¢rvi¢¢s
for its beneficiaries. It includes both costs that can be allocated dire¢tly to such activities and those Costs of an
indirect nature necessary to support them.
Page 11

Morpeth Parochial Church Council
Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)
Support costs
Support costs include central functions and have been allocated to activity Cost categories on a basis consistent
with the use of resources for example, allocating property costs by tloor areas. or per capita, stoff costs by the
time spent and other costs by theiT usag¢.
Governance tosts
These include the c05t5 attributable to the charity's compliance with constitutional And Sta￿tOry requirem¢nts,
sncluding audit. str*egic management and trustees meetings and reimbuTsed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph I S¢hedul¢ 6 of the Finance Act 2010 artd
therefore it meets the definition of a charitable company for UK corporation tsx p￿￿oSeS. Accordingly. the
charity 15 Potentially exempt from taxation in respect of inctsme or capital gains received within categories
covered by Chapter 3 Part I l of the Corporation T&x Act 2010 or Section 256 of the Taxation of Chargeable
Gains Act 1992, to the extent that Such income or gains ar¢ applied exclusively to chaTltable purposes.
Tangible fixed asset5
Individual fixed assets costEng £0.00 or moTe are initially Te¢ord¢d at C05t, less 3ny subsequent accumulated
depreciatÉon and subsequent accumulated impairment1055es.
Depreciation and imortisatlon
DepTe¢iation is provided on tangible fixed assets so as to wyite off the cost or va]uatiOT4 less any estimated
residual value. over iheir expected usefijl economic lift as follows..
Asset Cl￿5$
Fixtures and fittings
D¢prt¢iation method and rdte
150/0 on reducing balance
Fixed asset investments
Fixed asset investments, other than progran]rne related investments, are included at market value at the balance
sheet date. Realssed gains and losse5 on investments are ca]culated as the difference behveen sales proceeds and
their market value at the start of the y¢ar, or their 5ubsequertt cosi. al￿ are charged or credited to the Statement
of Financial Activities in the period of disposal.
Unrealised gains and Ios5e5 represent the movement in market values during the year and are credited or
¢harg¢d to the Statement ofFinancial ActiVLties based on the market value at the year end.
Trade debtors
Trade debtors are arnunts due from custom¢rs for merchandise sold or services perfomi¢d in the ordinary
¢ourse of business.
Trade debtors are ie¢ognised initially at the transactiott pri¢e. They aff subsequently measured at amorti5ed Cost
using the effective interest method, less provision for itnpairtnent. A provision for the impairment of trade
debtor5 is e5tabli5hed when theTe is objective evidence that the charity will noi be able to coll¢¢t all amounts due
according to the original iemis of ihe r¢¢eivables.
Page 12

Morpeth Paroehi21 Church Council
Notes to the Finaneial Stst¢meDts for the Year Ended 31 December 2024 {continued)
Cash And tAsh equlvalent$
Cash and cash equivalents comprise cash on hand atKi eall deposits. and other short-terni highly liquid
In￿st￿ents that are readily conveitible to a knowi att]ount of cash and ar¢ subject to art insigrtificant risk of
change in value.
Trade creditors
Trade creditor5 are obligations to pay for goods or services that hav¢ b¢¢n acquired in the ordinary course of
business from Suppliers. Accounts payable are Classified as current liabilities if the does oot hav¢ an
unconditional right, at the end of the reporting period. to defer settlement of the creditor for at least twelve
months after the reporting date. If there is an unconditional right to dcfcr settlement foT at least twelve months
after the reporting date, they are presented as non-current liabilitie5.
Trade Creditois are recognised initj8lly at the transaction price and subsequently me&8ured * 8mortis¢d eost
using the effective interest method.
BorrowADgs
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-beaTing
borrowings ore subsequent]y carrieil at amortis¢d ¢ost, with the difference between the proceeds, net of
transaction co$W alld the aTllOUllt due on redemption being reCO￿ls¢d as a charge to the Statement of Financial
Activities over the period of the relevant borrowing.
Interest expense is recognised on the basi5 Of the ¢ffec¢iv¢ interest method and is irtoluded Sn interest pay8ble
and similar chaTge5.
Borrowngs are classified as ¢urrent liabilitie5 unless the charity has an unconditional right to defrr settlement of
the liability for at leost twelve months after the reporting date.
Fund structure
Unrestricted income fi]nds are geneJal funds that are available for use at the tru5tee5 discretion in ￿rth¢rance of
the objectives of the charity.
Restricted incom¢ funds aTe those donated for use in a particular area or for sp¢¢ifi¢ p￿￿OSeS. the use of which
is restrtcted to that area or purpose.
Fin#neial instrurnents
cla￿lfiCation
Financial assets and financial liabilities are recognised when the ¢harity becomes a party to the contractual
PTOV15ions of the instrument.
Financial liabilities and equity instTUfftellts are classified according io the substance of the wntractual
arrangements ent¢r¢d into. An equity instrument is any Contract that evidences a r¢sidual interest in the &ssets of
the charity after dedll¢ting all of its liabilities.
Pag¢ 13

Morpeth Parochial Church Council
Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)
Recognilion andmeusttremertt
All financial assets and liabiliti¢s are initially measured at transaetion price {inclllding transaction costs), except
for those finan¢i812ssets classified as at fair value through profit or loss, which are initially measured at fair
value {which is nortnally the transa¢tion price excluding transaction c05ts}. unless the arrangement consti￿teS a
fiTLan¢ing transaction. If an auangement constitutes a fjnancing transaction, th¢ flnancial asset or financial
liability is measured at the present valut of the fvtur¢ payments discounted at a ￿aFkCt rate of inteTest for a
SiTnilar debt instrutllent.
Finan¢ial assets and liabilities are only offset in the statement of financial position when, and onty whetl there
exists a legally enforceable right to set off the recognised aTnounts and the charity intends either to settle on a
net basis, or to realise the &sset and settle the liability simultaneously.
Financial assets are derecowised when and otlly when al the contractual rights to the cash tlows from the
financial a￿et expire or are settle4 b) the charity transfers to another party substantially all of the risks and
rewards of ownership of the fLnan¢ial asset, or c) the charity, despite having retained some. but ttot all,
signifIcant risL% al￿ rewards of ownership. has transferred control of the asset to anotheT paTty.
Financial liabilities are derecogni5ed only when the obligation specifled in the contract is discharged. cancelled
or expires.
Page 14

Morpeth Parochial Chureh Council
Notes to the Financial Statements for the Year Ended 31 December 2024 (Continued)
Debllnslruments
Debt iDstrum¢nts whi¢h m¢¢t the following conditions are subsequently measured at amorti5ed cost Using the
effective interest method..
{a) The contractual return to the holder is (i) a fixed amount.. (li) a p051tive fixed Tate or a P05LtiYe variable Tate-
or lili) a combination of a positive or a negative fixed rate and a positive variable rate.
(bl The contract may provide for repayments of the principal or the retttrn to the holder (but not both) to be
lirthed to a 5ingJe relevant observable itKlex of general price inflation of th¢ cwrency in which the debt
instrument is denominatcd, provided such links ar¢ not leveTaged.
Ic) The contract may provide for a determinable variation of the return to the holder during the life of the
instrutnent, provided that li) the new rate satisfies Condition (a) and the variation is not contingent on future
events other than (11 a change of a Contractual wiable rate,. (2) to protect the holder against credit deterioration
of the issu¢r'13} changes in levies applied by a central bank or arising from changes in relevant taxation or law,.
or (li) the new Tate is a market rate of ir2tere5t and Satisfies condition lal.
Id) There is no contractual provision that could, by its ¢¢nns, result in the holder losing the principal amount or
atty interest attributable to the current period or prior periods.
(e) ContractU81 provisions that permit th¢ issuer to PTepay a debt instrutnent or permit the holder to put it baGk to
the i55uer before maturity are not contingent on fi]ttEre events. other ihan to protect the holder against the credit
deterioration of the issuer or a change in Control of the issuer, or to protect the holdeT OT issuer against Changes
in levies applied by a c¢ntral bank or arising from ¢hattges ith ielevatrt taxation or law.
(O Contractual provisions may permit the extension of the term of the debt instrument, provided that the r¢turr]
to the holder and any oiher contractual provi5ion5 applicable during th¢ ¢xt¢nd¢d term satisfy the conditions of
paragraphs la) to (c).
Debt instrutnents that are clas5Lfied as payable or receivable wit]ll"n one year on initial recognition and which
Jneet the above conditions are measured at the undis¢ounted amount of the cash or other ¢onsiileratiort eApe¢ted
lo be pasd or received, net of impairment.
With the ¢xception of some hedging instruments, other debt instruments not meetittg these ¢ondiiions are
measured at fair value through profit or loss.
Commitrnents to make and receive loans which meet the ¢ottditions met)tioJJed above are m¢asured at cost
(which may be nil) less impairment.
Jnveslments
Investments in non-convertible preference Shares and non-puttable ordinary or pref¢rence shares (where shares
are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or los&
Where fair value cannot b¢ measured reliably, investments are measured at Cost less Impairn￿ftt.
Investments in subsidiaries and associates are measured at ¢ost les5 impaimient. For investmetsts in subsidiaries
cquired lor consideration including the issue of shares qualifyin8 for merger relief. cost is measured by
reference to the ntsrnin￿ value of the shares issued plu5 fair value of other considerdtÉon. Any premium i$
ignored.
PBge 15

Morpeth Parochial Church Couneil
Notes to the Flnanclal Statements for the Year Ended 31 December 2024 (continued)
Falr value pneasurenwni
The best ¢videtJce of fair value 5s a quoted price for an identical asset in an active markeL When quoted prices
ar¢ unavailabl¢, the pri¢e of a recent transaction for an identical &8set provides eviden¢e of fair value as long &$
there has not been a signifjcant change in econo]nic circutnstances or a significant lapse of time since the
tr2nsac¢ion took place. If the market is not activc and recent tratL5actiotLS of an identical a55et on their own ore
not a 8ood e5titnate of fair value, the fair valu¢ 1$ estimated by using a valuation technique.
2 Income from donatlons and legacies
Unrestricted
funds
General
Total
Donations and legacies.
Planned giving
Gill aid tax reGlaimed
89,982
21,480
89.982
21.480
Totsl for 2024
11,462
111.462
TotAi r(pr 2023
106,761
106,761
3 Investment income
Unrestricted
funds
General
Restrlcted
runds
Total
funds
Interest receivable and similar in¢ome,'
Interest receivable
Other investment itlcome
290
1,556
2.710
3,(KlO
1,556
Totsl for 2024
1,846
2,710
4.556
Total for 2023
1,992
944
2,936
4 Other intome
Unrestricted
fund$
General
Total
furtds
Church hall letting
17,302
17,302
Total for 2024
17,302
17.302
Total for 2023
13.430
13,430
Page 16

Morpeth Parochial Church Council
Iyotes to the Financial Statcments for the Year Ended 31 December 2024 (continued)
S Expenditure ott r8i51rtg fund5
Total
costs
6 Exp¢nditure on charitable Activitie5
Unrestri¢ted
funds
Genergl
Restricted
funds
TotAI
fun
Note
Mission 8iving
1,315
1.842
1,315
1,842
Depr¢ciation. amortisation and other
s2milar costs
Governance Costs
125
143,187
125
143,187
Totsl for 2024
146,469
146.469
Total for 2023
144.201
274
144,475
Total
expendlture
7 Other expendlture
Urtrestricted
funds
Generdl
Re$tricted
fvnds
Total
funds
Note
Projects
Allocated support costs
265
383
4.929
5.194
388
Total for 2024
648
4.934
5,582
Total for 2023
748
24.764
25,512
8 Net incomingloutgoTng re50urce5
Net incomin8 resource5 for the year include..
2024
2023
Depre¢iaiion of fixed assets
125
147
Pag¢ 17

Morpeth Parochial Church Council
Notes to the Financial Statement5 for the Year Ended 31 December 2024 (continued)
9 Trustees remuneration alld expenses
No trustees, nor atry persons connected with them, have received any remuneration from the charity d￿ill8 the
year.
Page 18

Morpeth Parochial Church Counell
Notes to the Financial Statements for tbe Year Ended 31 December 2024 (continued)
10 TgX8tion
The ¢harity is a registeTed Gharity and 15 therefor¢ exempi from t&Kation.
I l Tgngible fixed assets
Furniture #Dd
equipment
Tot91
Cost
At l January 2024
5.545
5,545
At 31 December 2024
5,545
5.545
DeprecSatlon
At l January 2024
Charge for the year
4,679
125
4.679
125
At 31 December 2024
4.804
4.804
Net book value
At 31 Dettmb¢r 2024
741
74l
At 31 Decernber 2023
866
866
12 Fixed #sset iRvestThents
2024
2023
Other inve5tment5
57,345
56,062
Page 19

Morpeth Paroehial Church Council
Notes to the Finanei21 Statements for the Year Ended 31 December 2024 (continued)
Other inyestrnents
Listed
investmetsts
TotAI
Cost or Valuatlon
At l January 2024
Revaluation
56,062
1,283
56,062
1283
At 31 Deeember 2024
57,345
57,345
Net book value
At 31 December 2024
57.345
57.345
At 31 December 2023
56,062
56.062
13 Debtors
21124
2023
Prepayments
31,688
9.927
14 Cash and eish ¢quivAlents
2024
2023
Cash OD hand
Cash at bank
267
122,175
174
102,807
122,442
102,981
IS Creditors: amounts falling due Ivitbln one year
2024
2023
Trade Creditors
Olh¢r taxation and social security
Other creditors
Accruals
6,972
146
3,598
34,932
45,648
lJ82
36
6,929
23,118
16 Funds
Page 20

Morpeth Parochial Church Council
Notes to the Finaneial Ststem¢nts for the Year Ended 31 December 2024 {eontinued)
Balance at
31
D¢¢ember
2024
BAlan¢e at I
January
2024
Other
recognised
gains11105ses)
Incomittg
rnsourees
Resources
expended
Unrestricted fund5
G¢n¢Tal
19.764
154.649
(147.117)
27,296
Restricted funds
118,607
24.316
14.934
1.283
139.272
Total fund$
138,37
178,965
(152,051
1,283
166568
Balance at
Balanee at I
January
2023
Other
recognised
gain$lllosses)
31
December
2023
Ineornirte
re50urtes
Resources
expended
Unrestricted funds
General
19,793
144,920
(144,949)
19,764
Restrl¢t¢d fvnds
88,129
50.695
125.0381
4.821
118.607
Total tsnd$
107,922
195,615
1169,9871
4,821
138.371
Page21

Morpeth Paroehial Church Council
Notes to the Financial Statements for the Year Ended 31 December 2024 (contlnued)
The specifjc purposes for whieh the funds are to be applicd are a5 follows..
General Fund- This fund is unrestricied and can be used in xcordance with the Charitable objectives.
St Mary's Fund - This filnd 15 restricted to the repair and improvement of St Mary's Church atMI curtila8e or
other purp)ses to the be￿rIt of the fabric or St Mary's Church.
St James, Fund - This fund Is restricted to the rq)air and improvemertt of St James, Church and curtilag¢ or
other purposes to the benefit of the fabric or St Jam¢s' Chyrch.
St Aidan's Beacon Community Fund-This ￿nd is r¢strict¢d for use on the Beacon Project
St Mary's Organ Fund- This ￿nd 15 restricted for the repair and maintenance of fhe organ in St Mary's Church
or other purposes to the benefit of the organ in St Mary's Church.
St Luke's Investtnent Fund-This fvnd was created from (ke s￿¢ of St Luke's, HepsCOtL
Dark Lane Investment Fund- This futld was created from the sale of ¢hur¢h prop¢rty.
Appeal Fabri¢ Fund-Thi$ fijnd is restricted to the repèir and improvement of the churches and their curtilage or
other purposes io the benefit of the tabric of these Churches their curtilage.
St Aidan's Fund - This fund is iestritted to the repair and improvement of St Aidan'5 Church and curtilage or
other purpose5 to the benefit of the fablic or St AidaD'S Church.
Manchester Street Fund- This fvnd is restricted to fjjnding the project to refurbish the property at 7 Manchesler
Street.
Parish Magazine Fund - ThÉs fund is restricted to filnding the costs associated with the production and printing
of the Parish Magazin¢.
Colin David50n and Roy Beasley Organist's Fund- This fibnd is restricted to funding a Parish organisÉ and choir
master and to support the Parish's tnusic contribution in all three churches for the coming years including the
provisioTh of locum organists to step in to play for service5. (Thi5 excludes Weddings and Funera15). If an excess
of funds is raised then this will be used to provide musical support for the Parish such as e.g. paying for
organists, music, ete. tt) provide music for services in the Morpeth Parish ch￿￿h¢s.,
17 Analysis of net assets between funds
UNrestrieted
fund5
General
Total funds at
31 December
2024
Restricted
funds
Tangible fixed assets
Fixed asset investments
Current &ssets
Curr¢nt liabilities
741
741
57,345
154,130
(45.649)
57.345
87,871
16,6051
66,259
(39,044)
27,956
Total net assets
138,611
166.567
Page 22

Morpeth Parochial Church Council
Notes to the Financial Statements for the Year Ended 31 Deetmber 2024 (tontinued)
18 Analysis of net funds
At31
Detember
2024
At l JaTtuary
2024
Ilows
Cash atbank and in hand
102,981
19,461
122,442
Net debt
102.981
19.461
122.442
At31
December
2023
At l January FinantÉng c*5h
2023
flows
Cash atbank and in hand
80,846
22,134
IlJ2.980
Net debt
80,846
22,134
102.980
Page 23

Morpeth Parochial Chureh Couneil
Statement of Financial Activities by fund for the Year Ended 31 December 2024
Total
Total
Unr¢strl¢ted Unrestricted
Funds
FuNds
2024
2023
Income and Endowments from:
Donations and legacies
Investm¢nt income
Other income
135.501
1,846
17,302
129.498
1.992
13.430
Total intome
154649
144,920
Expenditure oll:
Charitable activities
Other expenditure
(146,4691
648
1144,201)
17481
Total exp¢nditure
Net in¢omel(expettdi￿re)
147,1171
1144,949)
29
Net movernent in funds
7,532
(29)
Recolltiliatlon of fund$
Total fvnds brought forward
19,764
19,793
Total fvnds carried fon¥ard
27,296
19,764
This page does not form port of the st*lltory f]nancial statements.
Page 24

Morpeth Parochial Church Couttcil
Statement of Financial Aetiviti¢s by fund for the Year Ended 31 December 2024
(continued)
Tt)tsl
Restrieted
Funds
2024
Total
Restrieted
Funds
2023
Ineome and ENdowrnent5 from:
Donations and leg8¢ies
fnvestment income
21.606
2.710
49,751
944
Total income
24.316
50,695
Expenditure on:
Charitable aGtivitLes
Other expenditure
(274)
24.7641
{4,934
Total expenditure
Gainslloss¢s on investment assets
(4.9341
1,283
{25.038)
4,821
Net incotne
20,665
30,478
Net movem¢nt in thnds
20,665
30,478
Reconciliation of fund$
Totsl funds broughi forward
118,607
88,129
Total filnds carried forward
139,272
118,607
This page does not form part of the statutory f￿ancIal statements.
Page 25

Morpeth Parochi#l Chureh Council
Detailed Statement of Financial Activities for the Year Ended 31 Deeember 2024
Total
2024
Total
2023
Ineome and Endowments from:
Donations and legacies {analysed below)
Investment income lanalysed below)
Other income lanalysed below)
157,107
4,556
17,302
179,249
2.936
Total income
178,965
195,615
Experkditure on:
Charitable activities {analysed below)
Other expenditure (attalysed below)
Total exp¢nditur¢
Gainsllosses on inv¢5tm¢nt a5s¢ts (analysed below)
{146,4691
(5,582)
{144,475}
125,5121
{152.051}
1,283
{169.987)
4.821
Net income
28,197
30,449
Net movement in funds
28,197
30.449
Reconciliation of funds
Total funds broughi fo]ward
138,371
107,922
Total funds Carried for1￿rd
166,568
138,371
This page do¢s not form part of the ststutory f￿ancial ststements.
Page 26

Morpeth Parochial Chureh Council
Detailed Statement of Financial Activities for the Year Ended 31 Deeember 2024
(eontinued)
Total
2024
Tothl
21123
Donalions ond legocies
Planned ￿VIng
Appea15 and donation5 - St Mary's Fund
Appeals and donation5- Parish Magazine
Appeals and donations- Organist Fund
Appeals and donations- St James, Fund
Appeals and donations - St Aidan's Futtd
Appeals and donatlolls General Fund
Gift Aid tax reclaitned
Paro¢hial Fees
Mat)¢hesier Street Fund
Collection5 for Other CharitLe5
89,982
16.094
85,215
29.710
2,500
5.500
12
2.378
1.050
12,219
21 J46
8,353
14,113
2.165
12,783
21,480
9.541
1,715
157.107
179.249
Illveslmelll income
Interest Received - St Mary's Fund
Interest Received- Sl James, Fynd
Interest Received- St Aidan's Bea¢on
Interest R¢¢¢iv¢d- St Mary's Organ Fund
Interest Re¢¢ived- Appeal Fabric Fund
Interest Received- St Aidan'5 Fund
Interest Received- MaThche5ter Strcet
Interest Received - General Fund
Income from other investments
.436
768
551
214
173
44
174
115
93
26
48
460
.532
1,556
4.556
2.936
Oiherincome
Churches and Halls, Lettings
17,302
13.430
17.302
13,430
Cli¢7rlluble acilvllles
Depreciation of fixtllres and fjttings
Charttable donations
Ptyment of Collections for Other Charities
P￿iSh Share
Clergy Exp¢nse5
Clergy Housing Costs
Water rates
Light, heat and power
Insurance
(125)
(1,315)
11,842)
{65,000)
{2,759)
(4,761)
{826)
{23,4051
{14.946)
(147)
{1,300)
12,037)
(70,000)
12,368)
14.496)
1648)
(21148)
(13.829)
This page does not form part of the statutory financial statements.
Page 27

Morpeth Parochial Church Council
Detailed Statement of Finaneial Aetivities for the Year Ended 31 December 2024
(Continued)
Total
2024
TotAI
2023
Halls, Running Costs
Parish oifice Costs
Parish oifice Costs- Unrestricted Establishment Cost
Repairs and maintenance
Church Altar Requisites
Church Altar Requisites
Church Organist& Choirs and Musi¢
{4,058)
(660)
(14,4891
{8.9W)
13,800)
114,640}
15,631)
{2741
(5621
(2,595)
(739}
11644
146 469
(144,4751
Other expendlliire
Proje¢ts- St Mary's Fund
Projects- St James, Fund
Proje¢ts- St Mary's Organ Fund
Projects- St Aidan's Fund
Projects- Manchester Street Fund
Projects- General Fund
Bank charges- St Aid&n's Bvd¢on Proj￿1 Fund
Bank ¢harges- Manchester Street Fund
Bank ¢harg¢s- General Fund
(993)
12,545)
(7,420)
{1.159)
1228)
(2.249)
(13,613)
1375)
{35)
(601
(373}
(660)
{731)
{265)
{5)
{383)
15,5821
(25.512)
Gains/losses on investmeni Jssefs
Funds- investment a55ets- St Luke's Fund
Funds- investment &ssets- Dark Latle Fund
539
744
2,026
2.795
This page does noi form part of the statutory fman¢ial Statements.
Page 28