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 2￿5.
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 fa￿1]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 be￿fit 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 f￿81 stage of ¢lectri¢al work,
plaster repair and decordiion ¢t¢. Therefore, the majority of thc lighting schemt has l￿W 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 se￿Itive 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
emissio￿9 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 reCeI￿d and are derailed in the finoncial stalen￿nts.
Work is ongoing to grow planned giving thr()ugh the 'Parish Giving Scheme,. Of course '8iving' 15 not only
f￿ancIal. Parishion¢rs' gifts of tI￿E 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 COn￿gatIOns. 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 Manageme￿t
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¢0mMend￿10￿s. The PCC ¢an then review. diseus5 and detail the
way forward with forn￿1 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¢ IDfoTn￿tion
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
En￿11 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 Chairn￿l)
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
Tr￿tee
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$0￿ble and pNdent"
stste whether applicable accounting Stsndards hav¢ been followed, subject to any material departures
disclosed and explained its the f￿anCIal statements- and
prepare the fillancial statements on the going ￿ncern basis unless it is inappropFiale to presume tha¢ the
chariry will continue in busitjess.
The trustees are responstble for keeping proper accounting records that disclose with r¢asonable aceurdcy at any
time th¢ financial p05ili¢)n of the charity and enable ihem io ensure that the financial statements eornply with the
Charities Aci 2011. the Chari(ies {Aecounts and Reports) Regulotiolls 2008, and the provtsions of the
constitution. The tnJ$￿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 mO￿eth 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 expendI￿re
Total expenditure
Gan￿lO$Se$ 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
Gain￿1055¢$ 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)p￿atIonS 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 I￿Stee4 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 f￿￿n¢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 u￿ertainl1cS about the ¢knritys ability EO conlinu¢ as a going
on¢ern.
Income xnd eDdowU￿Thts
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 a￿O￿nted for as soon as the PCC is n￿lfied of its legal entltlement. the
amount du¢ is quantifiable and its ultimate receÉpÈ by ihe PCC is re￿OnablY 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)
Sllp￿rt 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 Sta￿lOry 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 der￿llion 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 I￿orne orga1￿5 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 Pr￿CedS 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 ll￿rket valu¢ at the year end.
Trade debtors
Trade debtors are amounts due from Customers for mer¢hAndise sold or services perforn￿d in th¢ ordinary
course of business.
Trade debtors are r￿Qgnised 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
a￿￿8¢￿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 &Adme￿5vreMeMl
Ail financial assets and liabilitie5 are initially measured at transaction price {including trdn5action co$tsJ, except
foT thos¢ fuJan¢ial assets classified as at fair value through prgfit OT los4 which are inttially measured at fair
value (which is noM￿llY the irdnsaction price excludillg transaction ¢o5t$). 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 r￿ed 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 ciKUn￿lallce& 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
Ge￿er#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 D￿eMber 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¢ r￿air 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 ca￿led 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 i￿ome
22.308
2.573
21,606
2,710
Totsl Trncome
24,881
24.316
Expenditure on:
Charitable actLVlties
Other expendiiure
Total expe[￿lI￿re
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 Sta￿tOry 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 eApendIt1￿e {analysed below)
{157.349)
145.722)
(146,469)
(5,582)
Total expettdittire
Gain￿195$¢5 on inV￿lment assets {anaiys¢d below)
{203.071)
(2,293)
(152,051)
1.283
Net lexpelldi￿reYIn¢Ome
Net mov¢m¢nt in fimds
(33,295)
28,197
(33.295)
28,197
Reconciliation of funds
Total funds brought fotivard
166.567
138.371
Total ￿rta$ 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 r￿tsIreS 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