Charity registration number.. 1131093 Morpeth Parochial Church Council Annual Report and Finallcial Statements for the Year Ended 31 Deeemb¢r 2025 W¢llway Accoutttants Limited Borough Hall Wellway Morpeth Northumberlat NE61 IBN
Morpeth Parochial Chureh Council Contents (continued) Reference and AdmÈnistrative Details Trustees, Report 2to5 Stalement of TnL*tees' Responsibilities Independent Examiner's Report StatemEnl of Financial Activities 8109 Balance She 10 Notes io ihe Finwncial Statements Ilto22
Morpeth Parochial Church CouneRI Referente and Administrative Details Charity Regl$tration Number 131093 Principal Offjee MoTpeth Parish Office St Aidan's Church Shields Road Morpeth Northumberland NE612SA Audilor Wellway Accountants Limiied Borough Hall Wellway Motpeth Northurnberland NE61 IBN Page I
Morpeth Parochial Church Council Trustees, Report The trn51ees prc5ent the annual repoit together with lh¢ fmancial statetnellis of the charity for the yeaT ended 31 December 25. Aim5 purpfj5e$ Morpeth Parochial Chuwh Council {Mo4)eih PCC) has the responsibility of co-operating with ihe ineumb¢nL the Rev. Canon Simon Whtte. in promoting in the ecclesia5ti¢al parish the whole mission of the church, pastordl, evan8eli5tic, social and ecumenical. It also has th¢ maintenance responsibilities for the three loeal churches of Si Mary, St Jam¢5 and Si Aidan together with the fomjer Boys Brigade Hall ai 7 Mallche5ter Street. Objeclivts and activities The Parish has been a centre of worship and of servic¢ to the community of Mory>eth for over 800 years. Our objective 15 10 be a worshipping and praying community, which is open to ihe Grdce of God, active in Christian seryice and ready to reach out in fellowship to enabl¢ people to respond to God. so that we can continue Christ's work in the world. Achievements 8Dd performanee Worship and prayer The PCC is keen to off¢T a rnnge of setviees during th¢ week and ovet ibe course of the y¢ar that our community fmd both beneficial and spiritually lfillIng. For cxampl¢, evening prayers provide a quiet, intimate and refiwtiY¢ environment for worship, whil¢ opportunities are provided for people io engage in more outgoing worship in a variety of styles such as our Holy Cornrnunion, Simply Worship, Servic¢ of the Word. Evensong. Café Church intergenerational church services. and FEAST (Friday Evcning And Spiritual Treasures) monthly teaching and fellowship events. We a150 home groups. AII are welcome to attend our regular service5. At prts¢nt there are 140 parishioners on the church electoral roll. We revised the roll entirely last year. contacting everyone who had been on the roll previously, inviting them and people who all¢Dd our churches io jOiD the Toll, in line with Church of England guidelines. As well as our regular services. we en2ble our ¢onullunity to eelebrate and ihank God at the milestones of the journey through life. Through baptism we thank God for th¢ gift of life,. in marriage. publi¢ vows are exchanged with God's blessing. through fijnerdl services friends and fa1]Y express their lef ar give thaTJks for tlie life that 15 now complete in this world and Conunend the person inlo God's keeping. Deanery Synod Four members of the PCC sil on ihe Deanery Synod. Thi5 provides ihe PCC with an important link b¢tween the paTish and the wider structure5 of the Church. The Cburch¢$ The PCC uses the r¢conunendations in the Quinquennial reports to build a programme of works for each property. Work on this piogramme and our regular maintenance programm¢ continuc to befit all prop¢rties. At St Mary's Church we have undertaken tke rewiring and rtplacemeni of light fittings III the chancel and oave. with new distribution board5 being updated. We are now establishing cosls for the f81 stage of ¢lectri¢al work, plaster repair and decordiion ¢t¢. Therefore, the majority of thc lighting schemt has lW been completed and decordtin8 will be und¢rtaken in 2026. The PCC is gratefvl for ihe support from the Northumberland County Council, whtch has agrttd to repait some of thc potholes in the road leading from Siorey Park to the church, LIfipToving access for all. Page 2
Morpeth Paroehial Church Council Trustees, Report (continued) There hav¢ b¢¢n issues of vandalism and antiso¢ial behaviour which have te5ult¢d in significant darnage io the two watch hou5¢s and the Lychgate. The PCC continues io explore fijnding 50ur¢¢s for this seItive repair and is 8rateful for the support of local councilk)r5 and the Communiiy Poltcing Team. AÈ St Jarn¢s' Church work eoniiDlles to open up the chureh with glass door5 ond progress repair of the ceiling aTea ttj the Norih and South aisles. Repair to the roof due to storm damage and to the siained glass windows du¢ to vandalism ha5 a150 beeTh undertaken. The PCC ha5 taken the decision to look at a major project for repai reordering and seeking Sltstainable heating using a renewable energy pla At Si Aidan's Chuwh only regular maintenanc¢ h85 been needed this year. The repair/T¢pla¢ement of leaking skylights will b¢ progressed in 2026. Po$tDral Care Som¢ m¢mbers of our parish are unable to attend church due to siekness or age. Such membets who hav¢ ieque5ted it ore vistied to celebrdie communion with them either at their homes or in hospital. There is a rola of volunteers to visit all who are sick or unable lo get out for any ieason. lo keep them in touch with church lif¢. We have a weekly online service on our YouTube Channel which is shown in Residential Care Homes and availabl¢ for those who cannot make li io church ihrough illness or mobility issu¢s. We have chaplaiTL% in ev¢ry Care hom¢ under the Anna CbaplaiDs scheme. Mission And Evangelism The Parith has continued thrnughout the year to develop its outward looking focus and to invest in th¢ ¢ommunity. The Parish has a rntS5ion action plan to help the perish grow in mission and evangelism. This plon ha5 helped tbe parish to sttk to dev¢lop all its churches into sacred al community spaces and to continue to serv¢ the wider communiry. As part of this plan, the Parish continues to progr¢ss the development and use5 for its property at 7 Man¢he5ter Street. Help&D8 tho$e in need and reacbing out to those outside the church is a demonstration of our fait]L The PCC donated £1,200 to SliPPOrt the work of the Mustard Seed Tnjst which in¢ludes the WaU(ing Nativity and Lifepath Brinkbum and a fiuther £100 to pay for Bibles for leavers from Morpeth All Saints C of E Aided First School. A further £428 was spent on evangelistic efforts such a5 an Alpha Course. In addition. parishioners r4i5¢d £1.021 for Macmiilan Callcer Support and St Oswald's Hospice from 8 variety of events and collectioTh%. Parishioners a150 raRse funds informally for a wide range of eharities such as Christian Ald and the Children's Society as part of their church group ¥tivities, for example. the Men's and Womejk's Breakfast Group8. Th¢5¢ funds are selli diTeci and do not fomi part of the accounts. The Parish Magazine ¢ontinu¢s to be a success ond is distribllted in the town coffee shops aDd public buildings. The parish ha5 seen int¢r¢st in the publieaiion grow as it has invited members of the town to contribute to the publication making it a community asset. We distributed 300 ¢opi¢$ ihroughoui the town approximalely bimoDtbly. E¢umeDie&l Relationthips The Parish continue5 to Work closely with other churehes in the town and especially for joint ¢vet]ts at Cknist]XfdS and East. PaBe 3
Morpeth Paroehial Church Council Trustees, Report (continued) SustaiDabillty Ill support of the ChuT¢h of England's approach to Climate Change. the PCC decided io offset the carbon emissio9 from ¢n¢rgy use itt the Parish buildings, travel attd other associated emission5. A project supporting cookstoves in Nig¢ria was chosern whtch will greatly reduee the anwunt of wood bum and therefore carbon emissious aud improv¢ living conditions for th¢ local population. Finaneial Reviesv Total receipts on unr¢5trt¢ted funds weTe £147,188. of which £98.532 was unr¢stricied voluntary donalion5, further £18.471 was from Gift Aid. £5.579 from Parocbial Fee& £22,655 r¢¢eived for Church txtting and £1,951 of interest and other income. Restricied donations of £22,308 were also reCeId and are derailed in the finoncial stalennts. Work is ongoing to grow planned giving thr()ugh the 'Parish Giving Scheme,. Of course '8iving' 15 not only fancIal. Parishion¢rs' gifts of tIE and tal¢nts are just as i]nportant and fvlly appreciated. This year w¢ were able io pay our promised Parish Share of £69.000 which was received w¢ll. This is for Chrisiiatt tninsstry and largely provides the stipends and housing for clergy but aLso pays for the training of our clergy for iomotrow. The sum that ehurches in the deanery have to find is shared behveen the churches according to a forn]ula that is based mainly on a head count of the COngatIOns. For full daeils re Parish Share please see the excellent Diocesan document onlille. The nei Testslt for lh¢ year was an exce55 of payments over reeeipls of £10,245 on unrestricled fvnd5. After takiug accounl of the bank alld deposii balances brought foTward at the beginning of the year, the balartce carried forward at 31 Decernb on uure5tri¢t¢d fut]ds totslled £17.710. StrtsetUT< Covernance and Managemet The Parochial Church Cowncil is a coryor8t¢ body established by the Church or England. The PCC operates under tbe Paro¢hial Church Council Powers Measure. Trustees are appointed ai ihe APCM. IK)wever the tsusiees may appoint a new trustee to fill a vacancy tempoiarily or to bring in additional skills or experi¢n¢e. Such 8 trnsttt will retir¢ at the next AGM but ran then be reappoint¢d. The PCC members are Eespoltsible for making decisions on all m&iiers of general coneem and importan¢e to the parish including deciding ou how the funds of the PCC are to be spent. Th¢ fvll PCC met 6 time5 du¥ing the year. Givell lis wide responsibilities the PCC has a number of committees. each dealing With a particular aspect of PaTish life. All conunittees are responsible io ihe PCC and report back to it regularly with minuteslreports of th¢ir re¢0mMend10s. The PCC ¢an then review. diseus5 and detail the way forward with forn1 prop¢)sals m&de as necessary. SafeguArdinE Morpetb Parish supports wholeheartedly 'Tow8rds A Safer Chwch" Please see the Parish webstte or notLCC boards in church for saf¢gLwding policies. Stgnnln8toD Parish The Parish of Stsnllingtoll, although a parish ill its own right is now held in pluraliry by R¢v Canon Simon Ivhiie who is now Priest-in-chatge. This means that the role of incumbent is now shared with MorFth Parish. Both p&ri5he5 seek to shar¢ ¢entsal serviees with adrnin 2$ well as seektng to shar¢ lay mini51ry. Pagc 4
Morpeth Paroehial Church Council Trustee5' Report (continued) AdmiDistrAtiv¢ IDfoTntion St Mary'5, St James, and St Atdan's Churches are situated in Morpeih. This is part of the Diocese of Newcastle wiihin the Church of England. COrte5pond¢¢ address.. Morpeth ParÈsh Offi¢e, St Aidan's Church Shtelds Road, Moryeih, Northumberland NE612SA Telephone number.. 01670 503326 En11 address: office.morp¢thparish@8mail.com Website". www.parishoffiweth.org.uk The PCC is a body corpotate (PCC Powers M¢asure 1956. Cbuteb Repre5¢ntation Rules 2011) aod regislered with the Charity Commtssion. Charity Conynis5ion Registration Number 1131093 PCC members who have served at any time from l January 2025 until the date this report was approved are.. Ex officio members: Incumbent: Rev Canon Simon J H White IPCC Chairnl) Clergy.. Rev Jeremy Cooper (iefired NSM in Parish) Reader: Ms E Annic Newlands (Deanery Synod rep from 30.04.2023) Warden.. MT Mi¢hael Daws (Stood down 25 May 2025) Warden.. Dr Robert Young Warden= Dr Lindsay Gilfillan (elected 25 May 2025) Warden: M5 Kathryn Invill Warden= Liz S¢ots-Tatum {elcctcd 25 May 2025) Elected member5: Mrs Pauline Ferguson (representaiive on Dcanery Synod) MTS Sally Keith (representative on Deanery Syn(xl) Mrs Val Pope IrepresentaÈive on Deanery Synod) Mrs Jeannette Waters (Treasurer) (sto¢)d down from PCC 25 May 2025. Te5igned as non-tru5te¢ TTeasuT¢r 7 Nov 2025) Mr Michael Marshall non-Trustee Trcasurer20 January 2026 Ms D¢bbie Bass-Pickin {PSO) Mrs Pauline Young15tood do 25 Moy 2025) Mrs Rthona Dunn {stood down 25 May 2025) Mr Pichard Bi5hopp Mr Andrew Cènt151ood down 25 May 2025) MTS Catol Dixon (stood down 25 May 2025) Mrs Sheila Short Mrs Lyndsey Phillips (stood down 14 Sept 2025) Dr Lindsay Gilfillan {Churcb warden from 25 May 2025) Mrs Rachel Anderson Idepury warden) Mr Roy Sanderson (from 25 May 2025) Non-trnstee Parish Secretary: Mary Stevenion IC¥L Th¢ annual report was approved by the tn]stees of the Charity OD................... nd signed on its behalf by.. Simon J H Ivhite Trtee Page 5
Morpeth Paroehial Church Council Statement of Trustees, Responsibilities The tr11ste are responsible for preparing the trustees. report and the financial steiement5 in a¢¢ordan¢e wilh the Untted Killgdom Accounting Standards (United Kingdom Genetally Acceptcd Accounting PA¢tice) and applicable law and regulati¢)ns. The law appli¢ablc to chartlies r¢quires the trustee5 to prepare financial statements for each financial year whtch give a true and fair view of the state of affairs of the charity and of ihe ?ncoming resources and application of resources of the charity for that period. In preparing these fJnan¢ial Statemen the tDJsltts ?T¢ requÉFed lo.- select suitable accounting policies and th¢n apply them consistently. observe the methods and principles in the Charities SORP- make judg¢ments and estimates that 8Te rea$0ble and pNdent" stste whether applicable accounting Stsndards hav¢ been followed, subject to any material departures disclosed and explained its the fanCIal statements- and prepare the fillancial statements on the going ncern basis unless it is inappropFiale to presume tha¢ the chariry will continue in busitjess. The trustees are responstble for keeping proper accounting records that disclose with r¢asonable aceurdcy at any time th¢ financial p05ili¢)n of the charity and enable ihem io ensure that the financial statements eornply with the Charities Aci 2011. the Chari(ies {Aecounts and Reports) Regulotiolls 2008, and the provtsions of the constitution. The tnJ$eS are a150 responsible for safeguarding the assets of the charity and hence for taking reasonable step5 for the prevention and ddeeiion of fraud and other irregularilies. The trusttts are responsible for the maintruance and integrity of ihe COTpoTaie and financial infomiation illcluded on the Charitable companys website. Legislation goveming the prepararion and dissemination of finaTrcial statemenis may differ from legislation io otherjurisdictiott%. Approved by the trustee5 of ihe charity on .. .. Si8Ded on its behalf by: Simon J H Nvhite Trustee Page 6
Morpeth Parochial Churth Council Jndependent Examiner's Report to the trustees of Morpeth Parochial Church Couneil I r¢port to the trustees on my examination of the accounts of mOeth Parochial Church Council for the year ended 31 December 2025. Responsibilities And b2$ls of report As the charity trustees of Motpeth Parochial Church Council you are responsible for the preparation of the accounts in aecordanc¢ with the Tequirements of the ChaTlti£s Act 2011 I'the Act.). I report in respect of rny examination of the MorpEth Parochial Church Council's a¢¢ounts carried out under section 145 of the 2011 Act and in caTryitJg out my exaTnrnation I have followed all th¢ appliGable Direction5 giv¢n by the Charity Co]nmi$5ion under section 145(5llb) of the Act. Independent examiner's Statement I have completed my examination. l confirm that no material matters have cotne to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept iTr re5peet of Morpeth Parochial Church Council required by s¢¢tion 130 of the Act; or 2. the accounts do not a¢coTd with those records,. or 3. the accou]]ts do not comply with the accounting requirements conceming the form and content of account$ set tsut in the Charit1¢5 (A¢¢ounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'trne and fair view, which is not a matter ¢onsideTed as part of 2n independent examinatton. I have no concerns and have come across no other matters in connection ryth the examination to which attention should bt drawn in thi5 retrf)rt in ord¢r to enable a proper understanding of the accounts to be reached. Borough Hall Wellway Morpeth Northumberland NB61 IBN Date.. 20: o.(t."..l. Pa8e 7
Morpeth Paroehi81 Church Council Statement of Financial Activities for the Year Ended 31 December 2025 Unrestricted funds Rejtricted fynds Total 2025 Note Income and Endowments from: Donalions aDd legacies Investment income her incom¢ 122,582 1,951 22.655 22,308 2.573 IH.890 4,524 22,655 Toial incoll 147,188 24.881 172,069 Expenditure on: Charitsble 8Ctivitl¢S Other expendIre Total expenditure GanlO$Se$ on investrn¢Dt assets (156,650) (783 (699) (44,939) {157,349) (45.722) (157,433) (45,638) 2.293 1203.071) {2,293 Net expenditure 10.245) (23.050 {33.295 Net movemeni in funds (10.245) 123,050) 133,2951 Reeon¢iligtion of funds Toial ful$ brought fotward Total funds ¢arried forward 27,955 138,612 166.567 15 17,710 Unrestrieted funds 115,562 Restricted funds 133,272 Total 2024 Note Income gnd Endowments frorn: Donations znd legacies Investment income Other ineom¢ 135.501 21,606 2.710 157,107 4,556 17.302 17,302 Total in¢ome 154,649 24,316 178,965 Expenditure on: ChaTitablz activities Other expenditure (145,809) {648) (660) (4.934) (146,469) 15.582 Total expenditure Gain1055¢$ on investment a55¢ts {146.457) {5.594) 1,283 (152,0511 1.283 Net income 8,192 20,005 28,197 Net movem¢llt in llds 8.192 20.005 28.197 Recotsciliatityn of funds Total funds brought forward Total funds ¢afficd forward 19,764 118,607 138,371 15 27.956 138,612 166.568 All of the charity's activities derive from colltinuing I)patIonS during the abov¢ two periods. The notes OD pag¢5 1110 22 form an Tntegrdl part of these fftnaneial statements. Page 8
Morpeth Parochial Church Council Statement of Financial Activities for the Year Ended 31 December 2025 (continued) The thnds breakdowry) for 2024 is shown in note 15. The notes on pages I I to 22 forni an integral part of th¢s¢ fmanciel statenxnts. Page 9
Morpeth Parochial Church Council (Registration number: 1131093) Balance Sheet as at 31 December 2025 2025 2024 Note fixed as5tts Tangible a$5ets Invc51ments io 634 55,052 741 57.345 55,686 58,086 Current &55et5 Debtor5 Cash at bank and in hand 12 9,149 90,577 99.726 31,688 122.442 13 154,130 CreditOTS". Amounts falllng due within one year Net current a$$et$ 14 (22,140 145.648) 77,586 108,482 et assets 133,272 166.568 Fund5 of the cbarity: Restrieted income funds Restricted funds 115,562 138.612 Ullrestrl¢l¢d inrome funds Unrestricted funds 17,710 27,956 Tot41 funds 15 133.272 166,568 The fmancial stsiements OD pages 8 to 22 were approved by ihe IStee4 and authorised for issue on . and signed on their behallby: Simon TTUSt¢¢ H White The notcs on pages I I to 22 fomi an inlegrdl part of these fn¢la1 stsiements. Pa8e 20
Morpeth Paroehial Church Council Notes to the Financial Statements for the Year Ended 31 December 2025 l Atcoun¢ing policies Statement of compliAnee The financial statements have been prepared in accordance with the second edition of th¢ Charities Stakment of Reeomm¢nded Practice issued October 2019. the Financial Reporting SialldaTd appli¢able in the United Kingdom and Republic of Ireland (FRS 102) and the Charitie$ Act 2011. BASIS of preparntitsn Morpeth Paro¢hial Church Council mc¢t$ th¢ defmition of a public benefit enlity under FRS 102. The a¢counts (financial slatements) have been prcpared under the historical cost convention with iteiiL% Tecogmised at cosi or tr8nsa¢tion value unles5 Otherwise ststed ill the relevant not¢(s) to ibese aceounts. Going eoneer The trustees consid¢r that there are no material uertainl1cS about the ¢knritys ability EO conlinu¢ as a going on¢ern. Income xnd eDdowUThts Voluntary aneome kncluding donation& gifts, legacies and grants that provide core funding or are of a g¢neral t]ature is reco]Sed when the charity ha5 entitlement to the income. il is probable that the ineouJ¢ will received and the amount can be measurcd with suffieient reltabxlity. l)onarfoft$ legacies Donatio and legacies to the PCC are aOnted for as soon as the PCC is nlfied of its legal entltlement. the amount du¢ is quantifiable and its ultimate receÉpÈ by ihe PCC is reOnablY certain. Giftnid In¢oTne tax Tecoverabk on Gift Aid donations 15 re¢o8nised when the incom¢ is rxeived. Investmentlft¢ome Dividends aTe rewgnised once the diytdend has been declared alld notification has been reeeÈved of the dividend due. Expendithre Expenditure 15 accounted for on an accruals basis and h85 been Classified undei headtngs that aggregaie all c05t relaled to the category. Where costs cannot be directly aiiribllted to particular headings they hav¢ beetj allocated to activities on a basis consistent with the use of resource5. Grants offered subject to conditions which have not been met ai the year end dale are noted a$ a conunilment but not acerued Js expendittwe. Rftisingfunds Costs of generating futtd5 are the costs of trading for fvndraising PUTPQ5¢S. Chfirilnble aelivlllvs Charitable expenditure comptises those costs incurred by the chariry in the delivery of its activitie5 2nd 5¢rvi¢es for its benefJciari¢s. It includes both cost5 that be allocated directly to such activities artd those ¢osts of an indirect nature necessary to support thenL PaBell
Morpeth Parochlal Chureh Council Notes to the Financial Statements for the Year Ended 31 December 2025 (coutinued) Sllprt costs Support Costs include central functions and have becn allo¢ated to activity eost Categories on a basis consistent with ihe use of resource5. for exompl< allocating property Costs by floor areas. or per capir4 staff costs by the lime spent and other costs by theirwage. Covernance costs These include the eosts attributable to the charity's Compliance with constitytional and StalOry requirements. including audTt. strategic rnajjagement and trustees meetings and reimbursed expenses. Taxation The chariry is considered to pass the tests s¢1 out in Paragfdph I Schedule 6 of the Financ¢ Ad 2010 and therefore li meets the derllion of a Charitable company for UK corpordtioo tsx purposes. Accordingly, the chariry is potenlially exempt from taxation in respect of rncome or Capital gairts receivd wiihin categories covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that swh Iorne orga15 are applied exclusively io charitsble purposes. Tangible fixed assets Individyal fixed assets costing £0.00 or mor¢ are illitially recorded at ¢os¢ less any subsequent accumulated depre¢iation and subsequeni aecurnulated impaim)eDt Ios%s. DepreciAtlon #mDrtisatioD Depreciation is provided on iangible filed assets so as to write off the cost or valuation, I¢s5 any esttmated residwdl vallle, over their expected uwful ¢¢onomic life as follows.. Asset class Fixthres and fittings Depreti4tion method and rgte 150/0 on teducing balance Fixed assel investments Fixed asset investments. other than progranllne related investmenls, are included at rnaiket value at the balance sheet date. Re81i5ed gains and losses on itive5tm¢nts are calculated 85 the difference benveen sales PrCedS and Iheir market value ai the start of the year. or their subsequent cost. and are charged or credited to the Statement of Financial Aetivities in the period of disposaL Unrealised gaills and losses represent the movement in market value5 during the year and are ¢r¢dited or charged io the Stsi¢ment of Ftnancial Acttviti¢s based on the llrket valu¢ at the year end. Trade debtors Trade debtors are amounts due from Customers for mer¢hAndise sold or services perfornd in th¢ ordinary course of business. Trade debtors are rQgnised initially at the tr8nsa¢tion price. They are subsequently measured at amortised cost using the effective ]ereSt method, less provision for impairn]ent. A provision for the impairnient of trade debtors is established when theT¢ is objective evidenee that tbe charity will not be able to Collect all amounts due aCCOTdiug ¢0 the original trnyjs of the r¢c¢iYables. Page 12
Morpeth Parochial Church Council Notes to the Financial Statements for the Year Ended 31 Deeernber 2025 (continued) Casb and cash equivAi¢nt$ Cash and cash equivalents comprise cash on hand and call depgsits, and other short-lemi highly liquid investments thai are readily convertible to a known amount of cash and are subject lo an in5ignifi¢ant risk of hange in value. Trade creditors Trade ereditors ar¢ obligations to pay fw good5 or seryice5 that hav¢ been a¢quiTed in the ordillory course of business from suppliers. Accoun15 payable are cla&sified as current liabilities if the does not have an unconditional right, ai the end of the reporting period. to defer settlernent of the creditor for at le&%1 twelve months after the T¢P)rting dale. If there 15 an un¢onditional right to defer sdtlement for at l¢ast Iwelve month5 after the reporting date, they aTe present¢d as nonrfurreni liabilRti¢& Trade Creditors are recognised initially ai the traD$8¢tion price and subs¢quently measured at amortised eo$t using the effective interest method. BorTDwing5 Inieresi-bearing borrowings are initially re¢orded at fair value, net of traosaetion ¢osts. Interesl-bearing boffowings are subsequently carried 8t amortised c05t. with the difference between the proceeds, net of transaction cost5, and the amount due on Tedemption being recognis¢d as a charge to th¢ Statement of Financial Aetivities ov¢r the period of the relevant borrowing. Inlerest expense Is recognised on the b&sts of the ¢ffe¢tive intercst method and is included in int¢r¢5t payable ajbj simtlat charges. Borrowings are classified as curteni liabilLtie5 wiless the charity ha5 an Ullconditional ri8ht io def¢r settlement of the liabiliry for at Ic&5t twelve month5 afier th¢ r¢porting dale. Fund $tructhre Unrestrieted income funds are general funds that are available for us¢ at the tNstee5 discretion in thrtherallee of the objeetives of the ¢harity- Restricted incom¢ funds are those dooaied for use in a partrcular area or for specific puzpose5, the use of which is restrieied to thal area or purpose. Finan£ial instrnmenli Clossljlcrtlion Financial assets and financial liobilitie5 are recogDised wh¢n the charity beeorn¢s a party to the contrdctual provisions of ihe instruulent. Financial liabilities and equity instrnmeDiS are classified according to the substance of the contractual a8¢entS elltered into. An equity instrument is any contract that ¢vid¢nce5 a ttsidual inler¢st in ihe assets of the charity after deducting all of ils liabiliti¢s. Page 13
Morpeth Parochial Church Council Notes to the Financial Statements for the Year Ended 31 December 2025 (continued) Recogni14on &Adme5vreMeMl Ail financial assets and liabilitie5 are initially measured at transaction price {including trdn5action co$tsJ, except foT thos¢ fuJan¢ial assets classified as at fair value through prgfit OT los4 which are inttially measured at fair value (which is noMllY the irdnsaction price excludillg transaction ¢o5t$). unless ihe arrangement constitutes a rinaocing transaction. If an arrangement constitutes a finallcing transaction, the financial a¢t or financial liability Is Ineasured at th¢ present value of th¢ future payments dRseounted at a market rate of intercst for a simitar debt iD5trument. Financial assets and liabilities are only offset in ihe statement of financial position when. and only when thete exists a legally ellfor¢¢able right to set off the recognised amounts and the Chariry intends either to settle on a llet basts, or to realis¢ ihe asset and settle the liabtlity simultaneously. Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the ru)ancial asset expire or ar¢ settled, b) the Charity transfers to another party substsntially all of the ri5k5 and rewards of own¢rship of tbe r]nancial &5seL or ¢) the charity, despite having retslned sorne, but not alL significant risks and reward5 of own¢Tship. has transfeTTed CODtrol of the assd to another party. Finatteial liabilities ar¢ derecognised only when the obligation speeified in the contract is discharged, cancelled orexpites. Page 14
Morpeth Paroehial Church Council otes to the Financial Statements for the Year Ended 31 Deeember 2025 (continued) Debtiiistruments Debt instrumen15 which rneet th¢ followillg colldilions are wbsequently measured at amortÉsed cost using the effective interest method.. (a) The ¢ontractual rettTh to the holder is (i) H fjxed amouN,' (li) a positive red rale or a positive variable rate. or {iii) a ¢ombinatkon of a positive or a n¢gativ¢ fixed rate and a p05ilive variable rdk. (b) The Contract nky provide for repayments of the principal or the r¢tym to th¢ holder {bui not FA>ih) to be linked to a single rclevant observable index of general price inthtion of the ¢uttettcy in which the debt instwment is denominaied, provided su¢h links are noi leveraged. (c) The contract may provide for a delern]inable variation of the r¢turn to the holder during the life of the iThstrument. provided that la) the new rdte 58tisfie5 condition la) and tbe variation is not ¢ontingeni on fvture events other than {1) a change of a contractual variable te. (2) io protect ibe holder against credii deleriordlion of the issuer- {3) chaDgcs in levies applied by a celltral bank or arising from Changes in Ielev3nt taxation or law, or {ii) the new rdte 15 a market rate of illtetest and sali5fie5 condition (a). (d) There is no contraclu81 provision that could. by ils terms, rest]It in the holder losing the prilleipal #rnount or any intetest attributable to the current period oy prior periods. le) Coutractuel provisions that pennit the issuer to prepay a debi instrum¢nt or permit the holder to put it back to the issuer before maturity are nol contingellt on future events. other than to protect tli¢ holder against the credit det¢riorntion of the issuer or a change in eontrol of ihe issuer. or to pzotect the hold¢[ or issuer agaitL%i chan in levies applied by a centrdl bank or arising from Changes in relevant taxation or law. {fj Contsactual provisiots may perniit the ¢xtension of the temi of the debt instrumenL provided that the ren]rn to the holder aT]d ally other contrdctual provisions applicable during the extendd tem) satisfy the Conditions of paragraphs {a) io Ic). Debt instruments that are classified 05 payable ot receivable With one y¢ar on initial recognition 2nd which meet the above conditions are measured at tbe undiscounted amount of th¢ cash or other ¢ot]sid£ration exp¢ct¢d to be paid or received, net of impaimKnl. With the exception of some hedging insiNnwlls, other d¢bt instruments not rneeiing thes¢ condition5 are tne&4ured at fair value tbrough profit or Ios5. Comrnitn]ents to make and receive loAns which m¢¢t the conditions mentiolled above ar¢ measured at cost (which may be nil) less impairn)ent. Invulments Invesiments in non-convertible proference shares at]d non-puttable ordinary or preferen¢e shares (where shares are publicly traded or their fair value is rcliably m¢asurable) are measured ai fair value through prolit or loss. Where fair value ¢at)not be me&sured reliably, investments are measured at cost less impairrneDt. Investments io $ubsidiari¢s and asso¢i8tes are measured at cog less impairment. Foi ÉTEvesttnents in subsidiaries aequired for consid¢rdtion including the issue of shares qualifying for merger relief. cosi is measured by reference to th¢ nominal value of the shares i$5ued plus fair value of other wnsidtrniion. Any premium is ignored. Pag¢ 15
Morpeth Pgrochial Chureh Council Notes to the Financial Statements for the Year Ended 31 December 2025 (continued) Ffjir valme mefisureméni The besi evidence of fair valu¢ is a quoted price for an id¢ntical assel in an active market. Wh¢n quot¢d prices are unavailable. th¢ pri¢¢ of a recent transaction for an id¢nti¢al asset provides evidenc¢ of fair value as long as Ibere bas not been a signifi¢ant change in economic ciKUnlallce& or a significant laps¢ of time since the transaction took place. If the nurk¢t is nol active and recent trdnsactions of ats ideniic81 asset on thcir own are not a good estinmie of fair value. th¢ fair value is estrmaied by using a valuAtion techrtique. 2 Incorne from donAtions And legacies Unrestrieted funds General Total funds Donations tnd legAcies' Planned giving Gifi aid tax r¢claimed 86.323 18,471 86.323 18.471 Total Tor 2025 104.794 104,794 Total for 2024 111.462 111,462 3 1nves¢meot income Unrestricted funds Geer#I Restricted funds Total luNds Interest receivable and similar income. Interest rK¢ivable Other investment inwme 358 1,593 2,573 2,931 1,593 Total for 2025 1,951 2.573 4,524 Total for 2024 2,710 4,556 4 Other income Unrestricted fuNd5 General Total fund5 Church hall letting 22,655 22.655 Total for 2025 22.655 22,655 Total for 2024 17,302 Page 16
Morpeth Paroehial Church Council Notes to the Financial Statements for the Year Ended 31 December 202S (contiDued) 5 Expenditure charttable activities Unrestricted fllnds GeneTal Re5trieted funds Tot41 funds Nots Mission giving Collections for oth¢r ¢harities Depreciation, amortisaiion and other sirnilar costs 1.300 1.022 1.300 1,022 107 154221 107 154,920 Staff Costs and expeLses 699 Total for 21125 156,650 699 157,349 TotAI for 2024 145.809 660 146.469 6 Other expcnditsre Urtrestricted funds General Restricted funds Tot*1 funds Note Projects AIIoc8ted support ¢05ts 428 355 44,939 45.367 355 Total for 2025 783 44.939 45.722 Total for 2024 648 4,934 5.582 7 Net incomiugloutEoÉng resourees Nel {outgoin8yin¢oming rcsources for the year include.. 2025 2024 Depreeiation of fixed assets 107 125 8 TrM5tees remuneration and expense5 No truste¢s, nor any pe•ll& connected with the bave received any remuneiation from the chariry during the year. Page 17
Morpeth Parochial Church Council Notes to the Financial Statements for the Year Ended 31 December 2025 (continued) 9 TaxatioD The charity is a registered Charity and is therefore exempt from taxation. 10 Tangible fixed assets Furnitsre and equipment Total Cost At l January 2025 5,545 5,545 At 31 December 2025 5,545 5,545 Depre¢iAtion At l JatW8ry 2025 Charge for the year Al 31 DeMber 2025 4,804 107 4.804 107 4.911 4,911 Net book value At 31 D¢¢emb¢r 2025 634 634 At 31 December 2024 741 741 11 Flxed assel 5nvestmenl$ 2025 2024 Other investtn¢nts 55,052 57.345 Page 18
Morpeth Parochial Church Council Notes to the Financial Statements for the Yefir Ended 31 December 2025 (eontinued) Other illvestments Listed SnvestmentS Total Cost OT Valuation At l J8nuary 2025 Revaluation 57.345 2,293 57.345 {2.2931 At 31 December 2025 55.052 55,052 Net value At 31 De¢ember 2025 55,052 55,052 At 31 December 2024 57,345 57.345 12 DebtOT5 2025 2024 Prcpayments 9,149 31.688 13 Cash and casb equivalettts 2025 2024 Cash on hand Cash at bank 126 90.451 267 122.175 90.577 122.442 14 Croditors: amounts falling due iyithiD one yegr 2025 2024 Trade creditors Oiher taxa1ion and social se¢urity Other ¢reditors 3,066 60 3,139 15.875 6.972 146 3.598 34,932 22,140 45.648 15 Funds Pa8e 19
Morpeth Parochial Church Council Notes to the Financial Statements for the Year Ended 31 December 2025 (Continued) Balance at 31 December 2025 B•lance gt I JAnuary 21125 Other recogni5ed ggin511105ses) Incoming resources Resources expended Unrestricted funds General 27,955 147.188 (157,433) 17,710 Restricted funds 138.612 (2,293) 115.562 Tot*1 funds 166,567 172,069 1203.071) (2.293} 133,272 Balance at 31 December Balance at I January 2024 OtheT recogniied gginsl(losses) Incoming resollrees Resourees expended 2024 Unre5trlcted thDds General 19,764 154.649 (146,457) 27.956 Restricted funds 118,607 1,283 138.612 Total ftsnds 138,371 178,965 1152,051) 1,283 166.568 Page 20
Morpeth Parochial Church Council Notes to the Financial Statements for the Year Ended 31 Deeember 2025 (continued) The specific puryoses for whi¢h the funds are to be applied are as follows-. General Fund- This fvnd 1$ unr¢stri¢¢¢d and call be used in aecordance with th¢ ¢haritable objectives. St MAry'S Fund - This fund is restricted to the repair and improvement of St Mary'5 Chwch and curtilage or other purposes w the ben¢fii of th¢ fabric or St Mary's Chureh. St James, Fund - This is restri¢t¢d th¢ rair and improvement of Si Jame$, Church and curtilage or other purposes to the b¢n¢fit of the fabric or St James. ChurclL Si Aidan's Beacon Community Fund- This fimd is restricted for use on th¢ B¢a¢on Project St Mary's Organ Fund- This is r¢stri¢t¢d for the repair and nmillienanee of the organ in St Mary'5 Church or other purposes to tbe benefit of th¢ organ in St Mary's Church. St Luke's Investment Fund- This fund was created from the sale of Si Lwke's. Hepscott. Dark Latte Investtneni Fwid- This fund was created from Éhe sale of ¢hurch property. Appeal Fabric Fund- Thi"s fund is r¢5tri¢ted io the repair and improvemertt of the chuTch¢s and their curtilage or otherpurposes to the beuefit of th¢ fabri¢ of these churches ond their eurtilage. St Aidan's Fund- This fijnd is r¢slri¢l¢d to the repair and improvement of St Aidan'5 Church and cvrtilage or other putposes to the benefit of th¢ fabric or St Aidan's Church. Manchester Street Fund- This fll1 is r¢5tri¢ted to fvnding the projerf to refjJTbish th¢ property at 7 Manchester Street. Pati5h Magazine Fund - This fund is Testrieied to funding the costs associated with the produc¢ion and printing of th¢ Parish Magazine. Coliti Davidson and Roy Beasley Organisl's Fund- This fvnd is restrict¢d to funding a Parish organist and ehoiT tnaster and to support the Parish's music contribution in all three chuTches for the coming years includin8 the provision of locum Olgdnists to step ill to play for serviees. (This ex¢ludes Weddings and Funerals). If an exe¢s5 of fimds is raised then this will be used to provide mustcal support foT the Parish such as e.g. paying for or8anists, uwsic. et¢. to provid¢ music for services in the Morydh Parish Chur¢h¢5." 16 Analysi8 of net gs$et$ between fund5 Unrestricted funds GeDeral Totsl fund5 at 31 December 2025 Restrlrted fllnds Tangible fixed assets Fixed 18set investments Current assets Current liabilities 634 634 55.052 99.726 (22.140) 55.052 67.049 {6.538) 32.677 (15.602) Total Aet assets 17,709 115,563 133,272 Pag¢21
Morpeth Parochial Church Couneil Notes to the Financial Statements for the Year Ended 31 December 2025 (eontinued) 17 An4lysis of ryet funds At31 December 2025 At l January Finanting cash 2025 nows Cash at bank and in hand 122.442 (31.865) 90.577 Net debt 122,442 {31.865) 90,577 At31 December 2024 At l J*nuAry 2024 cash flows Cash at bonk and in hand 102,981 19,461 122,442 debt 102,98l 19.461 122.442 Page 22
Morpeth Parochial Church Council Statement of Financial Activities by fund for the Year Ended 31 Deeember 2025 Total Total Unrestricted Unrestricted Funds Funds 2025 2024 Income and Endowments from: Donations and legacies Investment income her incom¢ 122,582 1,951 22,655 135.501 1.846 17.302 Total in¢om¢ 147,188 154,649 ExpcDditUTC on: Charitable aclivitie5 Orher expenditure (15&650) 1783) (I45,809) 1648) Total expenditure (157.433) 146,45 N¢t (¢xp¢nditure)lin¢ome Net movement in ft]nd5 110.245) 8,192 (10.245) 8.192 Reconciliation of fllnds Total funds broughi fotward 27,955 19,764 Toial funds caled fonyard l7,710 27.956 Thi5 page does not forni part of the statutory f]nanei81 statements. Page 23
Morpeth Parochial Chureh Council Statement of Financial Activities by fund for the Year Ended 31 December 2025 (continued) Tfjt*l Restrictsd Fund5 2025 Total Restricted Funds 2024 ID¢ome #nd EndowmeDts fron. DonatiODS and l¢ga¢ies Investment iome 22.308 2.573 21,606 2,710 Totsl Trncome 24,881 24.316 Expenditure on: Charitable actLVlties Other expendiiure Total expe[lIre Gainsnosses on inv¢stm¢nt assets (699) 44,939) (660) (4,934 (45,638) (2.293) 15,594) 1,283 Net (extaitUTe)lincome {23,050 20,005 Nel movement in funds {23.050) 20,005 Retoociliation of funds Total funds brought fonvard Total fund5 ¢aTrÉed forward 138.612 118,607 115,562 138.612 Thts pag¢ does not forn] part of the StatOry financial ststements. Page 24
Morpeth Parochial Church Council Detailed Statement of Financial Activities for the Year Ended 31 December 2025 Total 2025 Total 2024 Income And Endowments from: Donaiions and legaeies (8fjalysed below) Investment income (analysed below) Other incoll {allalysed below) 144.890 4.524 22.655 157.107 4,556 17,302 Total income 172,069 178,965 Expenditure on: Charitable activities (analysed below) . Other eApendIt1e {analysed below) {157.349) 145.722) (146,469) (5,582) Total expettdittire Gain195$¢5 on inVlment assets {anaiys¢d below) {203.071) (2,293) (152,051) 1.283 Net lexpelldireYIn¢Ome Net mov¢m¢nt in fimds (33,295) 28,197 (33.295) 28,197 Reconciliation of funds Total funds brought fotivard 166.567 138.371 Total rta$ carried fonvard 133,272 166.568 Tbis page does not forni part of th¢ stalutory finan¢ial ststements. Page 25
Morpeth Paroehial Church Council DetaRled Statement of Finaneial Activities for the Year Ended 31 December 2025 (continued) Total 2025 Total 2024 Donarfons dnrf le2aues Plann¢d giving Appeals and donations- St Marys Fund Appea15 and donations- Organist Fund App¢als and douations- St Jarnrs, Fund Appeals and donations- General Fund Gift Aid tsx recl4imed Parochial Fees Coll¢¢lions for Other Charities 86.323 20,179 1,375 754 11,187 18,471 5,579 1,022 89,982 16,094 5,500 12 12,783 21.480 9,541 1,715 144.890 157,107 Inve51menl income Interest Received- St Marys Fund Interesi on cash deposits Interesi Re¢eived- St Jatnes. Fund Interest Received- St Mary's Organ Fund Interest Rec¢ived- Appeal Fabric Fund Interest Re¢eived- St Aidan's Fund Jnter¢5t Received - Manchester Street Inter¢5t R¢¢eiYed- General Fund Income from otlKr investujents 1.401 1.436 697 156 40 156 79 358 1,593 4.524 768 173 174 290 ,556 4,556 Other ineome Churches and Halls, Lettings 22.655 17J02 22,655 17.302 Charithble ftclivilies Depreciation of rtsIreS and fittiD85 Charitable donaiions Payment of Collections for Otber Ch&Tities Parish ShaTe Clugy Expenses Clergy Housing Costs Water raies Light, heat and pow¢r Insurance Halls, Running Costs Parish oifEce Costs Parish Office Costs- Unrcstr&cted Establishment Cost 1107) {1,300) (1.022) {69,000) (2.262) (5,108) 1907) {19,3841 (15,294) (4.156) {125) {l.315J (1.842) 165,000) (2.759) (4,76l) (826) (23,405) (14.946) {4,058) {660) (14.489) (15.156) This page does not forni part of the 5tabJtory f]EYdncial Statements. Page 26
Morpeth Parochial Chur¢h Council Detailed Statement of Finaneial Activities for the Year Ended 31 December 2025 (continued) Total 2025 Total 2024 Repairs and maitiienance Church Aliar Requisites Church Aliar Requisites Church Organists, ChoiTS and Music (18,851) {699) (805) (3.2981 157,349) 18,900) {739) {2,644) 1146.469) Oiher weiidlthre Projects- Si Matys Fund Projects- Otganist Fund Proje¢ts- St James. Fund Proj¢¢ts- St Aidan's Fund Projects- Manchester Street Fund Pioje¢ts- General Fund Bank charges- Manchester Stre¢t Fund Bank cbaTges- General Fund (40,230) 11,6151 (2,439) (993) {2,545) 1660) (7311 (265) {5) (383) (655) (428) 1355) (45,722) (5,582) Gainsnosses on iniyesmienr asseis Funds- investment assets- St Luke's Fund Funds - investment 85sets- Dark Lane Fund {963) (1,330) 539 744 This page does not fonn part of the statutory fJnanci81 statwnents. Page 27