PAROCHIAL CHURCH COUNCIL OF THE PARISH OF STANLEY AND SOUTH MOOR CHARITY No. 1131369 REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 PAROCHIAL CHURCH COUNCIL OF THE PARISH OF STANLEY and SOUTH MOOR. CHARITY INFORMATION TRUSTEES: MRS. K.J. ROBSON (SECRETARYI CHURCHWARDEN) MR. R. BLAND(CHURCHWARDEN) MRS K. HETHERINGTON (TREASURER) MRS. C. KING MR. R HINDHAUGH MRS. J STOKER MR D. PA￿ERsON MRS C. PERKINS MRS. A. HINDHAUGH MRS. B. RAMAGE MRS M. ROBINSON MRS M MOSCARDINI CHARITY No. 1131369 OFFICE: ST ANDREWS CHURCH CHURCH BANK STANLEY DURHAM DH9 ODU ACCOUNTANT: SMITH & CO ACCOUNTANTS LTD UNIT G2 TANFIELD LEA BUSINESS CENTRE STANLEY DURHAM DH9 9DB BANKERS: LLOYDS BANK PLC VICTORIA (309950) BRANCH PO BOX 1000 BX11LT SOLICITORS: SMITH RODDAM 56 tsONDGATE BISHOP AUCKLAND DURHAM DL14 7PG PAROCHIAL CHURCH COUNCIL OF THE PARISH OF STANLEY AND SOUTH MOOR Inde endent Examiner's Re ort to the Parish of Stanle and South Moor This report on the accounts of the PCC for the year ended 31 sl December 2024 is in respect of an examination carried out under Regulation 3 (3) of the Church Accounting Regulations 2011 and section 43 of the Charities Act 2011 . As the members of the PCC you are responsible for the preparation of the accounts., you consider that the audit requirement of Regulation 3 (3) of the Church Accounting Regulations 2011 and Section 43 (2) of the Charities Act 2011 do not apply. My examination was carried out in accordance with the General Directions given by the Charity Commission under section 43 (7)(b) of the Act and to be found in the guidance from the C.B.F. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The Procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. In connection with my examination, no matter has come to my attention.. which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 41 of the act., and to prepare accounts which accord with the accounting records and to comply with the requirements of the Act have not been met; or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Smith & Co Accountsnts Signed Unit G2 Tanfield Lea Business Centre Date: stanley Co. Durham DH9 9DB PAROCHIAL CHURCH COUNCIL OF THE PARISH OF STANLEY AND SOUTH MOOR The Trustees present their annual report and financial statements for the year ended 3151 De￿mber 2024. The Charity No. is 1131369 Governing Document: The Charities Act 2011 and the P.C.C. (Powers) Measure 2006. The Parish was created by the amalgamation of the former parishes of St. Andrew. Stanley and of St. George, South Moor. Ob'ects: To promote in the parish the pastoral, evangelistic, social and ecumenical mission of the Church. The council reports a deficit for the year of £32,899. The Parish has met the Quota commitment in 2024 of £38,153 and was paid in full. The extra actually pai was for the amount we were unable to pay in 2023 when Barclays closed the account. The accounts show reserves of £100,810, of which £15,914 is unrestricted and being maintained as per note 6a, of the Financial Statement. Restricted funds are held as per note 6b of Financial Statement. Due to the enthusiasm and hard work of the parishioners, the Church continues to play an important Part in the community such as arranging School Carol services, fetes, other fellowship activities as well a: working in partnership with the local town council. The mission reaches out to all people providing a Christian presen￿ via regular worship services. It continues to serve the wider community with a significant amount of occasional offices. Trustees Res onsibilities The trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Church and of the profit or loss of the Church for that period. In preparing those financial statements, the trustees are required to: Select suitable accounting policies and then apply them consistently" Make judgements and estimates that are reasonable and prudent; Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time. the financial position of the Church and to enable them to ensure that the financial statements comply with the Charities Act. They are also responsible for safeguarding the assets of the Church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ned on behalf of the P.C.C.: Date: PAROCHIAL CHURCH COUNCIL OF THE PARISH OF STANLEY AND SOUTH MOOR Charity No. 1131369 Statement of Financial Activities for the Year Ended 31st December 2024 Balance Sheet at 31 De¢embeT 2024 Current Assets: Note 2024 2023 Central Board of Finance Cash at Bank and in hand Debtors 4a 52170 48640 104767 28942 4b 100810 133709 Creditors Amount due within 1 year Net Current Assets 100810 133709 Total Assets 100810 133709 Funds Unrestricted 84897 120391 Restricted 6b 15914 13318 100810 133709 The Financial Statements were approved by the Parochial Church Council on :_ DATE: Chair Churchwarden Churchwarden Signed Date PAROCHIAL CHURCH COUNCIL OF THE PARISH OF STANLEY AND SOUTH MOOR Charity No. 1131369 Statement of Financial Activities for the Year Ended 31st December 2024 Note 2 Incomin Resour¢es Unrestricted Funds 2024 Restricted Funds 2024 Total 2024 Total 2023 Donations, Le9a¢ies and Fetes Grants Investment Income Miscellaneous 27516 27516 26067 2596 2596 11889 3943 23289 11889 Total Incoming Resources 39404 2596 42000 53299 3 Rosourc85 Ex ended Direct Expenditure Grants and Missions Management & Administration 49652 49652 44566 25247 25247 18146 Totsl Resources Expended 74899 74899 62712 Net Income for year -35494 2596 -32899 -9413 Transfers Net Movement in Funds -35494 2596 -32899 -9413 Total Funds BIF 120391 13318 133709 143122 Total CIF 84897 15914 100810 133709 PAROCHIAL CHURCH COUNCIL OF THE PARISH OF STANLEY AND SOUTH MOOR Charity No. 1131369 Statement of Financial Activities for the Year Ended 31st December 2024 Note 2024 2023 2 Income: Collections- Gift Aided Other Collections Income Tax over paid Fetes Legacies (Carole Christopher) Donations Special Appeals 14650 11598 12707 11794 1268 1566 27516 26067 Grants Sundry Income: Fees Rent 9278 2611 20975 2314 11889 23289 Investment Income: Central Board of Finance 2440 3790 Business Premium Interest 155 153 2596 3943 Total Income 42000 53299 PAROCHIAL CHURCH COUNCIL OF THE PARISH OF STANLEY AND SOUTH MOOR Charity No. 1131369 Statement of Financial Activities for the Year Ended 31st December 2024 enditure 2024 2023 Direct .' Ministry Parish Offering DBFIClergy Fees 47086 2477 ' 36337 7959 Fund Raising 89 49652 270 44566 Grants, Missions.. Overseas Missions Home Missions Secular Administration.. Organist Heat, Light, Water Cost of Services Repairs, Renewals Insurance, Maintenance Equipment Bank Charges Junior Church Support Costs Sundries Grass Cutting Quinquennial Survey 3190 6986 3136 1279 8660 2755 5070 1453 1658 5335 1996 1475 400 25247 74899 18146 62712 Total Ex enditure PAROCHIAL CHURCH COUNCIL OF THE PARISH OF STANLEY AND SOUTH MOOR Charity No. 1131369 Notes to the financial Statements for the year ended 31 December 2024 11 Accounting Poli¢ies The financial statements have been prepared under the historical cost convention. The accounts have been prepared in accordance with applicable accounting standards and Church Accounting Regulations 2006. Income . Charges and receipts are accounted for on an accrual basis. Voluntary income is brought into the 2ccounts when received. Investment income is dealt with on an accrual basis. Grants are dealt with on an accrual ba51S. Resources Expended ". Expenses are accounted for on an accrual basis. 21 & 31 See appended sheets. Current Accounts Central Board of Finance Cash in Current Account Business Premium Account H.l.B.l Account Diocese - St An¢Jrews Cash 2024 2023 19665 33786 12112 2743 32505 104767 12213 11995 2707 2027 Cash in Hand 100810 133709 bl ebtors . Income Tax Recoverable G8s Refund Electric refund Payments in advance Interest Accru8d PAROCHIAL CHURCH COUNCIL OF THE PARISH OF STANLEY AND SOUTH MOOR Charity No. 1131369 Notes to the financial Statements for the year ended 31 December 2024 2024 51 Creditors Electric & Water &Gas Fees and Telephone 2023 Note 61a Unrestricted Funds '. These funds are maintained lor the Church to meet the njnning needs of the Parish and further the mission Df the Church. bl Restricted Funds '. Intore5t Incom WID WID TFR Young Christians Fund Clsrales Fund Sl.Slephen's Tmsl Fabric Fund Rev. J. Williamson Fund Sl.George's Trust Peace Trust 2024 2023 36 2743 2707 119 3121 10050 3002 10050 155 15914 15759 71 ital commitmen There are no capital commitments. . Andrew Church Assels '. These are as per an Inventory arKI confimed by the Church Wardens. 91 No person conneded with the council has been, or is being paid, remuneration or other benefit from Church funds.