Registered Charity Number: 1131532 

THE PAROCHIAL CHURCH COUNCIL OF MONKSEATON ST MARY 

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST ] DECEMBER 2024 



|Contents|Page|
|---|---|
|Annual Report|i - iv|
|Independent Examiners Report|1|
|Statement of Financial Activities|2|
|Balance Sheet|3|
|Notes to the Financial Statements|4-6|
|Detailed Statements of Financial||
|Activities*|7|



* Page 7 does not form part of the statutory accounts as required by the Charities Regulations 



The PCC members (the Trustees) present their annual report and accounts for the year ended 31[st ] December 2023 which complies with the Church Accounting Regulations 2006 and the Charity Commission's Statement of Recommended Practice. 

## Administrative Information. 

The Ecclesiastical Parish of Monkseaton St Mary the Virgin is a benefice consisting of the St. Mary the Virgin, Monkseaton in the Archdeaconry of Northumberland in the Diocese of Newcastle within the Church of England. The correspondence address is: The Parish Office, St Mary's Church, Claremont Road, Whitley Bay, NE26 3SF Tel No: 0191 6767798. email: office@stmarysmonkseaton.org.uk 

The Parochial Church Council (PCC) registered as a charity on 7[th] September 2009. The registered charity number is 1131532. 

PCC members who have served from 1[st ] January 2024 to the date this report was approved are: 

Ex Officio Members 

|Ex Officio Members||
|---|---|
|Vicar|Reverend Nigel Taylor|
|Assistant Curate|Claire Lewis (Appointed 1stJuly 2024)|
|Licensed Lay Minister (LLM)|Nicola Denyer|
|Licensed Lay Minister|Margaret Evans|
|Churchwarden|Carol Nesbitt|
|Churchwarden|John Appleby|
|Parish Safeguarding Officer|Susan Johnson|



Deanery Synod Representatives 

Emma Doran (Deanery Lay Chair) Nicola Denyer John Appleby Elizabeth Hayes 

|Elected PCC Members||
|---|---|
|Vice Chair|Elizabeth Hayes|
|Treasurer|Andrew Potter|
||Patricia Bottrill|
||Emma Doran|
||Kate Stobart|
||Dorothy Clarke|
||Carole Lax|
||Pam Miller|
||Marion Oakes|
||Cheryl Savage|
||Jane Walker|



Page i 



## Numbers on electoral roll: 

St Mary Monkseaton 2024 2023 121 118 

## **Structure Governance and Management** 

The PCC is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is a Registered Charity. 

The method of appointment of PCC members is set out in the Church Representation Rules. The membership of the PCC consists of the incumbent, churchwardens and members elected by those members of the congregation who are on the electoral roll of the church. All those who attend our services/members of the congregation are encouraged to register on the Electoral Roll and stand for election to the PCC. 

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. 

The PCC is supported by a Standing Committee and six committees focusing on key areas: 

Finance Service Planning Group Welcome and integration and Caring Group Building and Resource Group Justice and Peace Safeguarding 

The PCC is aware of its duty to have due regard to the House of Bishops' guidance on safeguarding children and vulnerable adults. From 2017 the PCC has used the "Safeguarding Toolkit" provided by the diocese as a way of self-assessment, to seek to ensure it fulfils that duty. The PCC continues to comply with the duty to have "due regard" to the House of Bishops' guidance in relation to safeguarding. 

## **Volunteers** 

The running of St Mary Monkseaton is reliant on our volunteers. We would like to thank all the volunteers, clergy with 'permission to officiate' and licensed Lay Ministers who support-the parish vision to take the Good News of Jesus Christ to those who choose to hear it and work so hard to make our church the lively and vibrant community it is. 

Page ii 



## **Risk Assessment** 

The PCC regularly review the risks to which the Council might be exposed and recommend action to mitigate these or to manage the risk appropriately. The PCC reviews its Safeguarding and Health and Safety policies on an annual basis. Financial risks are regularly reviewed, and a risk register is in place. 

## Objectives and Activities 

The PCC is committed to being inclusive and enabling as many people as possible to worship at our church and to become part of our parish community. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can be inclusive and involve the many groups that live within our parish. Our services and worship put faith into practice through prayer and scripture, music and sacrament. 

When planning our activities for the year, we have considered the Commission's guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our parish community through: 

- Accessible worship and prayer; learning about the gospel; and developing their knowledge and trust in Jesus. 

- Provision of pastoral care for congregation members and people living in the parish. 

- Missionary and outreach work within the parish. e Working ecumenically 

- Supporting local schools 

- Supporting social justice campaigns. 

To facilitate this work, it is important that we maintain the fabric of the church buildings within the parish for community use. 

## **Staff Establishment** 

## Clergy: 

The current incumbent is Rev'd Nigel Taylor who is Vicar of St Mary Monkseaton. Assistant Curate, Reverend Claire Lewis 

## **Administration:** 

The PCC employed a paid Parish Administrator for 15 hours per week until July 2024 when the post was vacated and to this date has not been filled. 

St Mary the Virgin Monkseaton PCC has the responsibility of co-operating with the Clergy in promoting ministry and mission in the Parish. It also has maintenance responsibilities for the church buildings. 

Each Sunday, two morning services are held at least one of which will be a Eucharistic service. The Eucharist is celebrated every Wednesday morning and on all major festivals. 

## **Social Action** 

The past 12 months have seen a consolidation of social activity and development of new initiatives. The work with older people with the Dementia Café and OWL’s has continued along with the Toddler group for parents and under 3 year olds. In addition, a youth club has been started and a ‘pop in café’ runs every Thursday morning. The PCC are considering how we move forward with mission in the parish and aim to refresh the Mission Action Plan in 2025. 

Page iii 



## **Achievements and Performance** 

The parish has seen changes in the congregation through 2024. We have sadly lost long standing congregants due to illness and death. Overall however the congregation has grown overall in average Sunday attendance and key seasons of Easter and Christmas have seen good growth in numbers attending. We have developed a new community within the local pub: ‘Church in the Kittiwake’. 

||2024|2023|
|---|---|---|
|Average SundayAttendance Adult|105(includingon-line)|66|
|Children Attending|8|7|
|Baptisms|5|11|
|Funerals|10|10|
|Weddings|2|2|



## Financial Review 

Total receipts on unrestricted funds were £135,393 and are detailed in the financial statements. £132,469 was spent to provide Christian Ministry including the contribution to the diocesan parish share of £80,000 The principal funding sources are voluntary contributions from those attending church in the parish. 

## Reserves Policy 

The PCC reserves policy is reviewed on an annual basis and is based on maintaining 6 months running costs plus a contingency for emergencies. The total free reserves for these purposes should not fall below £30,000 

Page iv 



DocLEign Emielope10.. 218CF8C&5957461&AEEE-19A7C8813305
Parish of St Mary the Virgin Monkseaton
Unaudited Financial Statements
31 December 2024

Docusign Envelope ID.. 21BCF8C6-59$7461B-AEEE-19A7C88133D5
Parish of St Mary the Virgin Monkseaton
Financial Statements
Year ended 31 December 2024
Page
Independent examiner's report to the trustee
Statement of financial activities
Statement of financial position
Notes to the financial statements
The following pages do not form part of the financial ststements
Detailed statement of financial activities
10

Docusign Envelope ID.. 21 BCF8C￿9s746l ￿EEE-IgA7c88l33D5
Parish of St Mary the Virgin Monkseaton
Independent Examiner's Report to the Trustee of Parish of St Mary the Virgin
Monkseaton
Year ended 31 December 2024
I report on my examination of the financial statements of Parish of St Mary the Virgin Monkseaton for
the year ended 31 December 2024.
Responsibilities and basis of report
As members of the PCC you are responsible for the preparation of the financial statements in
accordance with the requirements of the Charities Act 2011 ('the Act.).
I report in resped of my examination of the charity's financial statements Ca￿led out under section 145
of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given
by the Charity Commission under section 145{5)(b) of the Act and to be found in the Church
Guidance. 2006 edition. issued by the Finance Division of the Archbishops, Council.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by s￿tIon 130 of the
Act; or
the financial statements do not accord with those records. or
the financial statements do not comply with the applicable requirements conceming th8
fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations
2008 other than any requirement that the accounts give a 'true and fair, view which is not a
matter considered as part of an independent examination.
I have no concems and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
iloGuSign•d by..
gC399
IF13946
ogg
Chartered Accountant
Independent Examiner
38 Stanhope Road
South Shields
NE33 4BT

Docusign Envelope ID: 2l8CF8c￿￿s746l&AEEE-l9A7c88l33Ds
Parish of St Mary the Virgin Monkseaton
Statement of Financial Activities
Year ended 31 December 2024
2024
Restricted
funds Total funds Total funds
2023
Unrestricted
funds
Note
Income resources
Voluntary income
Activities for generating funds
Incoming resources from church
activities
Investment income
101,354
10,568
101,354
10,568
111.747
20.276
20,889
2,582
20,889
2,582
21,009
2,596
Total income
135,393
135,393
155,628
Expendlture
Expenditure on raising funds..
Costs of generating funds
Church Activities
Support Costs
Total expenditure
1,568
122,224
8,677
1,568
122,224
8,677
132,469
8.553
123,893
11.610
132.469
144,056
Net income and net movement in funds
2,924
2,924
11.572
Reconclllatlon of funds
Total funds brought forward
Total funds carried forward
88,548
4,303
92,851
81.279
91,472
4,303
95,775
92,851
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The note8 on
es4108fonn
art of thos• financlal Statsments.

Docuslgn Envetope ID.. 21 BCF8C6-5957461 B-AEEE-19A7C88133D5
Parish of St Mary the Virgin Monkseaton
Statement of Financial Position
Year ended 31 December 2024
2024
2023
Note
CUr￿nt assets
Debtors
Investments
Cash at bank and in hand
1,383
81,306
13,662
1.400
72.569
20,454
10
96,351
94,423
Creditors: amounts falling due within ono year
Net Current assets
11
(576)
95,775
{1,572)
92.851
Total assets less current Ilabllftles
95,775
92.851
92,851
Net assets
95.775
Funds of the charity
Restricted funds
Unrestricted funds
4,303
91,472
4.303
88,548
Total charity funds
12
95,775
92,851
These financial statements were approved by the board of trustees and authorised for issue on
1910312025
and are signed on behalf of the board by:
s[g￿ed
Docusionedty..
OCE9Efj6E72674T4..
991EFB8E40994FS...
Nigel Taylor
Andrew Potter
Tho notos on pages 4 to 8 forn part of these financlal statements.

Do¢uslgn Envelope10: 21BCF8C&5957461B-AEEE-19A7C88133D5
Parish of St Mary the Virgin Monkseaton
Notes to the Financial Statements
31 December 2024
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland., the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (Charities
SORP {FRS 102)) and the Charities Act 2011.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterting, which is the functional currency of the entty.
Going concern
There are no material uncertainties about the PCC'S abilty to continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the members to further any of the
PCC'S purposes.
Designated funds are unrestricted funds eamarked by the members for particular future project
or Commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the tenns of an appeal, and fall into one of two sub-classes: restricted income funds or
endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activtties when entitlement has
passed to the church; it is probable that the economic benefits associated with the transaction
will flow to the church and the amount can be reliably measured. The following specific policies
are applied to particular categories of income..
Collections a￿ recognised by. or on behalf of, th8 PCC.
Planned giving receivable under Gift Aid is recognised only when received.
Funds raised by the Autumn Fair and similar event5 and by sales are recognised gross.
Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal
entitlement, the amount due is quantifiable and its receipt by the PCC is reasonably certain.
Income from investments is included in the year in which it is receivable

Docuslgn Envelope ID: 21 B¢F8C￿9S7461B-AEEE-19A7c88l33D5
Parish of St Mary the Virgin Monkseaton
Notes to the Financial Statements
Year ended 31 December 2024
Accountlng policie$ (continuedj
Resources expended
Expenditure is recognised on an accruals basis as a liabilty is inGurred. Expenditure includes any
VAT which cann(rt be fully recovered, and is classrfied under headings of the statement of
financial activities to which it relates. Grants and donations are accounted for when paid over or
when awarded, if that award becomes a binding obligation on the PCC.
Tangible fixed assets
Consecrated and beneficed property of any kind is excluded from the Financial ststements by
S10{2)a of the Charities Act 2011. Moveable Church furnishings held by the Vicar and
Churchwardens on special trust for the PCC. and which require a faculty for disposal, are
inalienable property listed in the Church's inventory that can be inspected by arrangement. Mi
expenditure incurred in the year on consecrated or beneficed buildings is written off in the year of
expenditure. The cost of all fixtures, r￿Ing$ or office equipment is written off in the year of
acquisition.
Voluntary income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donatlons
Planned giving
Income tsx recoverable
Donations, appeals and collections
Legacies
69,527
14,025
11,949
5,000
69,527
14,025
11,949
5,000
72,654
14,606
12,487
12,000
72,654
14,608
12,487
12,000
100,501
100,501
111,747
111,747
Activities for generating funds
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Autumn Fair
GOn￿rt Series and fundraising events
8.363
2.206
8.363
2.206
6.558
13.718
6,558
13.718
10.569
10,569
20.276
20.276
Incoming resources from church activities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Church hall revenue
Fees from pastoral services
Votive candles
16,701
4,188
16,701
4,188
15,565
5,359
85
15.565
5,359
85
20,889
20,889
21,009
21.009

Dowsign Envelope ID.. 21BCF8C6-5957461B-AEEE-19A7C88133D5
Parish of St Mary the Virgin Monkseaton
Notes to the Financial Statements (continuttdl
Year ended 31 December 2024
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Bank interest re￿1vable
2,582
2,582
2,596
2,596
Staff costs
The average head count of employees during the year was 1 (2023: Nil).
No employee received employee benefits of more than £60.000 during the year (2023: Nil).
Member remuneration and •xpens6s
No retnuneration or other benefits from employment with the church or a related entity were
received by the members.
Debtors
2024
2023
Trade debtors
Prepayments and accrued income
1,061
322
1.400
1,383
1.400
10. Investrnents
2024
2023
CBFC Mission Opportunities Account
CBFC Quinquennial Fund
Shared Interest Share Account
51,496
24,795
5,015
81,306
49,556
18,008
5,005
72,569
11. Credltors: amounts falling due within one year
2024
2023
Accruals:
Donations payable
Independent examiner
996
576
576
576
1,572

Docusign Envelope ID.. 218CF8CPTr5957481 ￿EE-1gA7C88l33D5
Parish of St Mary the Virgin Monkseaton
Notes to the Financial Statements {continue(lJ
Year ended 31 December 2024
12. Analysis of charftable funds
Unrestrlcted funds
At
31 December
2024
At
1 January 2024
Income Expenditure Transfers
General funds
Designated funds:
Mission Opportunities fund
Quinquennial Fund
Shared Interest
20,282
131,575
(131,617) (5.771)
14,469
45,253
18,008
5.005
1.940
1.016
10
47,193
24.795
5.015,
5,771
88,548
134,541
(131.617)
91.472
At
34 December
2023
At
1 January 2023
Income Expenditure Transfers
General funds
Designated funds:
Mission Opportunities fund
Quinquennial Fund
Shared Interest
29.794
152,888
{142,9%} (19,444)
20.282
27,381
13,696
5,005
2,028
712
15,844
3,600
45,253
18,008
5,005
88,548
75.876
155,628
{142,956)
Restricted funds
At
31 December
2024
At
1 January 2024
Income Expenditure
Servers robes
Paschal candles
YES booklets
Organ appeal
Godly Play
131
310
239
2,592
1,031
4,303
131
310
239
2,592
1,031
4,303
At
31 December
2023
At
1 January 2023
Income Expenditure
Sounds system improvements
Servers robes
Paschal candles
YES booklets
Organ appeal
Godly Play
1,100
131
310
239
2,592
1.031
5,403
(1,100)
131
310
239
2,592
1,031
4,303
(1,100)

Docusign Envelope ID.- 21BCF8C&5957461B_AEEE.19A7C88133D5
Parish of St Mary the Viryin Monkseaton
Notes to the Financial Ststements (continued)
Year ended 31 December 2024
13. Analysis of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Current assets
Creditors less than 1 year
Net assets
92,048
(576)
91,472
4,303
96,351
(576)
95,775
4,303
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Current assets
Creditors less than 1 year
Net assets
90,120
{1,572)
88,548
4,303
94,423
(1,572)
92,851
4,303
14. Charitable Giving
2024
2023
Pakistan Floods
Alzheimer's Society
The Bay Foodbank
Transfer Trade
Ecochurch
The Children'5 Society
PDSA
The Bay Foodbank
Depaul UK
Tearfund
British Red Cross
666
667
667
1,020
75
51
61
1,732
1,667
285
1,667
5,463
3,095
From time to time the Parish collects money for a specific purpose or charity and these funds are
passed direct to the relevant charity.

Docuslgn Envelope10'. 218CF8C64957461B-AEEE-19A7C88133D5
Parish of St Mary the Virgin Monkseaton
Management Information
Year ended 31 December 2024
The followlng pages do not fomi part of the financial statements.

tlocusign Envelope ID: 21 BCF8C&5957461BAEEE.19A7C88133D5
Parish of St Mary The Virgln Monkseaton
Detalled statement of financial activities
For th• yèar ended 31 December 2024
2024
2024
2024
2023
Re$lrl¢t¢d Unre$trl¢ted Total Total
In¢omlng re$our¢e$
Incoming resources from gènerating funds:
Voluntary incom8
Planned giving
Income Tax recoverable
Lega¢ie5
t)onalions, appeals and collections
69,527 69,527 72.654
14.025 14,025 14.606
5,000 5,000 12.000
12,802 12,802 12.487
101.354 101.354 111.747
Activities forgeneraling fvnds
Autumn Fair
Conrkrt Series and fundraising events
8,363 8,363 6,558
2 206 2,206 13,718
10.568 10,568 20.276
Investment income
Bank interest receivable
2.582 2.582 2.596
Total resources from generating funds
114.504 114,504 134.619
Incoming rasour¢e$ from ¢hurch actlvltles
Church hall rgvenue
Fees from pastoral $8rvi¢¢s
Votiv• ¢andl•s
16,701 16,701 15.565
4,188 4.188 5,359
85
20,889 20,889 21.009
Total incoming rosour¢
135,393 135.393 155,628
Rgsourc8s oxp8nso5
Costs of generating fund$:
Licences
Costs of ¢oncert series and fundraisin9 events
Autumn Fair expenses
905
905
857
593
593 7,603
70
70
93
1,568 1,568 8,553
Church Activitie8
Donations given
Contribution to diocese for ministry and other
costs (parish share)
Ministry- C19rgy costs
Church and church hall running costs
Sound system
Grounds Project
Organ
Quinquennial Repairs
Cost of pastoral services
Music provision
Professional fees - Independent examiner
Note 14
5,463 5.463 3,095
80,000 80,000 71,000
4.219 4,219 4.551
22,706 22,706 25.790
1.474 1,474 6,595
2.453
138
138 2,370
3.065 3,065 3,689
4.583 4,583 3,774
576
576
576
Totsl church aetivitiè8 èXP8nditur•
122,224 122,224 123,893
Supportcosts
Office expenses
Totsl Support costs
8677 8677 11.610
8,677 8,677 11.610
Total oxp8nditure
132.469 132,469 144,056
Net incomlng loutgoingl rosour¢•$ for th• y•ar
2,924 2,924 11.572
Tran$f•rn bétseen funds
Net movernent for the year
2,924 2,924 11,572
10

DocLEign Emielope10.. 218CF8C&5957461&AEEE-19A7C8813305
Parish of St Mary the Virgin Monkseaton
Unaudited Financial Statements
31 December 2024

Docusign Envelope ID.. 21BCF8C6-59$7461B-AEEE-19A7C88133D5
Parish of St Mary the Virgin Monkseaton
Financial Statements
Year ended 31 December 2024
Page
Independent examiner's report to the trustee
Statement of financial activities
Statement of financial position
Notes to the financial statements
The following pages do not form part of the financial ststements
Detailed statement of financial activities
10

Docusign Envelope ID.. 21 BCF8C￿9s746l ￿EEE-IgA7c88l33D5
Parish of St Mary the Virgin Monkseaton
Independent Examiner's Report to the Trustee of Parish of St Mary the Virgin
Monkseaton
Year ended 31 December 2024
I report on my examination of the financial statements of Parish of St Mary the Virgin Monkseaton for
the year ended 31 December 2024.
Responsibilities and basis of report
As members of the PCC you are responsible for the preparation of the financial statements in
accordance with the requirements of the Charities Act 2011 ('the Act.).
I report in resped of my examination of the charity's financial statements Ca￿led out under section 145
of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given
by the Charity Commission under section 145{5)(b) of the Act and to be found in the Church
Guidance. 2006 edition. issued by the Finance Division of the Archbishops, Council.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by s￿tIon 130 of the
Act; or
the financial statements do not accord with those records. or
the financial statements do not comply with the applicable requirements conceming th8
fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations
2008 other than any requirement that the accounts give a 'true and fair, view which is not a
matter considered as part of an independent examination.
I have no concems and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
iloGuSign•d by..
gC399
IF13946
ogg
Chartered Accountant
Independent Examiner
38 Stanhope Road
South Shields
NE33 4BT

Docusign Envelope ID: 2l8CF8c￿￿s746l&AEEE-l9A7c88l33Ds
Parish of St Mary the Virgin Monkseaton
Statement of Financial Activities
Year ended 31 December 2024
2024
Restricted
funds Total funds Total funds
2023
Unrestricted
funds
Note
Income resources
Voluntary income
Activities for generating funds
Incoming resources from church
activities
Investment income
101,354
10,568
101,354
10,568
111.747
20.276
20,889
2,582
20,889
2,582
21,009
2,596
Total income
135,393
135,393
155,628
Expendlture
Expenditure on raising funds..
Costs of generating funds
Church Activities
Support Costs
Total expenditure
1,568
122,224
8,677
1,568
122,224
8,677
132,469
8.553
123,893
11.610
132.469
144,056
Net income and net movement in funds
2,924
2,924
11.572
Reconclllatlon of funds
Total funds brought forward
Total funds carried forward
88,548
4,303
92,851
81.279
91,472
4,303
95,775
92,851
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The note8 on
es4108fonn
art of thos• financlal Statsments.

Docuslgn Envetope ID.. 21 BCF8C6-5957461 B-AEEE-19A7C88133D5
Parish of St Mary the Virgin Monkseaton
Statement of Financial Position
Year ended 31 December 2024
2024
2023
Note
CUr￿nt assets
Debtors
Investments
Cash at bank and in hand
1,383
81,306
13,662
1.400
72.569
20,454
10
96,351
94,423
Creditors: amounts falling due within ono year
Net Current assets
11
(576)
95,775
{1,572)
92.851
Total assets less current Ilabllftles
95,775
92.851
92,851
Net assets
95.775
Funds of the charity
Restricted funds
Unrestricted funds
4,303
91,472
4.303
88,548
Total charity funds
12
95,775
92,851
These financial statements were approved by the board of trustees and authorised for issue on
1910312025
and are signed on behalf of the board by:
s[g￿ed
Docusionedty..
OCE9Efj6E72674T4..
991EFB8E40994FS...
Nigel Taylor
Andrew Potter
Tho notos on pages 4 to 8 forn part of these financlal statements.

Do¢uslgn Envelope10: 21BCF8C&5957461B-AEEE-19A7C88133D5
Parish of St Mary the Virgin Monkseaton
Notes to the Financial Statements
31 December 2024
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland., the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (Charities
SORP {FRS 102)) and the Charities Act 2011.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterting, which is the functional currency of the entty.
Going concern
There are no material uncertainties about the PCC'S abilty to continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the members to further any of the
PCC'S purposes.
Designated funds are unrestricted funds eamarked by the members for particular future project
or Commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the tenns of an appeal, and fall into one of two sub-classes: restricted income funds or
endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activtties when entitlement has
passed to the church; it is probable that the economic benefits associated with the transaction
will flow to the church and the amount can be reliably measured. The following specific policies
are applied to particular categories of income..
Collections a￿ recognised by. or on behalf of, th8 PCC.
Planned giving receivable under Gift Aid is recognised only when received.
Funds raised by the Autumn Fair and similar event5 and by sales are recognised gross.
Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal
entitlement, the amount due is quantifiable and its receipt by the PCC is reasonably certain.
Income from investments is included in the year in which it is receivable

Docuslgn Envelope ID: 21 B¢F8C￿9S7461B-AEEE-19A7c88l33D5
Parish of St Mary the Virgin Monkseaton
Notes to the Financial Statements
Year ended 31 December 2024
Accountlng policie$ (continuedj
Resources expended
Expenditure is recognised on an accruals basis as a liabilty is inGurred. Expenditure includes any
VAT which cann(rt be fully recovered, and is classrfied under headings of the statement of
financial activities to which it relates. Grants and donations are accounted for when paid over or
when awarded, if that award becomes a binding obligation on the PCC.
Tangible fixed assets
Consecrated and beneficed property of any kind is excluded from the Financial ststements by
S10{2)a of the Charities Act 2011. Moveable Church furnishings held by the Vicar and
Churchwardens on special trust for the PCC. and which require a faculty for disposal, are
inalienable property listed in the Church's inventory that can be inspected by arrangement. Mi
expenditure incurred in the year on consecrated or beneficed buildings is written off in the year of
expenditure. The cost of all fixtures, r￿Ing$ or office equipment is written off in the year of
acquisition.
Voluntary income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donatlons
Planned giving
Income tsx recoverable
Donations, appeals and collections
Legacies
69,527
14,025
11,949
5,000
69,527
14,025
11,949
5,000
72,654
14,606
12,487
12,000
72,654
14,608
12,487
12,000
100,501
100,501
111,747
111,747
Activities for generating funds
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Autumn Fair
GOn￿rt Series and fundraising events
8.363
2.206
8.363
2.206
6.558
13.718
6,558
13.718
10.569
10,569
20.276
20.276
Incoming resources from church activities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Church hall revenue
Fees from pastoral services
Votive candles
16,701
4,188
16,701
4,188
15,565
5,359
85
15.565
5,359
85
20,889
20,889
21,009
21.009

Dowsign Envelope ID.. 21BCF8C6-5957461B-AEEE-19A7C88133D5
Parish of St Mary the Virgin Monkseaton
Notes to the Financial Statements (continuttdl
Year ended 31 December 2024
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Bank interest re￿1vable
2,582
2,582
2,596
2,596
Staff costs
The average head count of employees during the year was 1 (2023: Nil).
No employee received employee benefits of more than £60.000 during the year (2023: Nil).
Member remuneration and •xpens6s
No retnuneration or other benefits from employment with the church or a related entity were
received by the members.
Debtors
2024
2023
Trade debtors
Prepayments and accrued income
1,061
322
1.400
1,383
1.400
10. Investrnents
2024
2023
CBFC Mission Opportunities Account
CBFC Quinquennial Fund
Shared Interest Share Account
51,496
24,795
5,015
81,306
49,556
18,008
5,005
72,569
11. Credltors: amounts falling due within one year
2024
2023
Accruals:
Donations payable
Independent examiner
996
576
576
576
1,572

Docusign Envelope ID.. 218CF8CPTr5957481 ￿EE-1gA7C88l33D5
Parish of St Mary the Virgin Monkseaton
Notes to the Financial Statements {continue(lJ
Year ended 31 December 2024
12. Analysis of charftable funds
Unrestrlcted funds
At
31 December
2024
At
1 January 2024
Income Expenditure Transfers
General funds
Designated funds:
Mission Opportunities fund
Quinquennial Fund
Shared Interest
20,282
131,575
(131,617) (5.771)
14,469
45,253
18,008
5.005
1.940
1.016
10
47,193
24.795
5.015,
5,771
88,548
134,541
(131.617)
91.472
At
34 December
2023
At
1 January 2023
Income Expenditure Transfers
General funds
Designated funds:
Mission Opportunities fund
Quinquennial Fund
Shared Interest
29.794
152,888
{142,9%} (19,444)
20.282
27,381
13,696
5,005
2,028
712
15,844
3,600
45,253
18,008
5,005
88,548
75.876
155,628
{142,956)
Restricted funds
At
31 December
2024
At
1 January 2024
Income Expenditure
Servers robes
Paschal candles
YES booklets
Organ appeal
Godly Play
131
310
239
2,592
1,031
4,303
131
310
239
2,592
1,031
4,303
At
31 December
2023
At
1 January 2023
Income Expenditure
Sounds system improvements
Servers robes
Paschal candles
YES booklets
Organ appeal
Godly Play
1,100
131
310
239
2,592
1.031
5,403
(1,100)
131
310
239
2,592
1,031
4,303
(1,100)

Docusign Envelope ID.- 21BCF8C&5957461B_AEEE.19A7C88133D5
Parish of St Mary the Viryin Monkseaton
Notes to the Financial Ststements (continued)
Year ended 31 December 2024
13. Analysis of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Current assets
Creditors less than 1 year
Net assets
92,048
(576)
91,472
4,303
96,351
(576)
95,775
4,303
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Current assets
Creditors less than 1 year
Net assets
90,120
{1,572)
88,548
4,303
94,423
(1,572)
92,851
4,303
14. Charitable Giving
2024
2023
Pakistan Floods
Alzheimer's Society
The Bay Foodbank
Transfer Trade
Ecochurch
The Children'5 Society
PDSA
The Bay Foodbank
Depaul UK
Tearfund
British Red Cross
666
667
667
1,020
75
51
61
1,732
1,667
285
1,667
5,463
3,095
From time to time the Parish collects money for a specific purpose or charity and these funds are
passed direct to the relevant charity.

Docuslgn Envelope10'. 218CF8C64957461B-AEEE-19A7C88133D5
Parish of St Mary the Virgin Monkseaton
Management Information
Year ended 31 December 2024
The followlng pages do not fomi part of the financial statements.

tlocusign Envelope ID: 21 BCF8C&5957461BAEEE.19A7C88133D5
Parish of St Mary The Virgln Monkseaton
Detalled statement of financial activities
For th• yèar ended 31 December 2024
2024
2024
2024
2023
Re$lrl¢t¢d Unre$trl¢ted Total Total
In¢omlng re$our¢e$
Incoming resources from gènerating funds:
Voluntary incom8
Planned giving
Income Tax recoverable
Lega¢ie5
t)onalions, appeals and collections
69,527 69,527 72.654
14.025 14,025 14.606
5,000 5,000 12.000
12,802 12,802 12.487
101.354 101.354 111.747
Activities forgeneraling fvnds
Autumn Fair
Conrkrt Series and fundraising events
8,363 8,363 6,558
2 206 2,206 13,718
10.568 10,568 20.276
Investment income
Bank interest receivable
2.582 2.582 2.596
Total resources from generating funds
114.504 114,504 134.619
Incoming rasour¢e$ from ¢hurch actlvltles
Church hall rgvenue
Fees from pastoral $8rvi¢¢s
Votiv• ¢andl•s
16,701 16,701 15.565
4,188 4.188 5,359
85
20,889 20,889 21.009
Total incoming rosour¢
135,393 135.393 155,628
Rgsourc8s oxp8nso5
Costs of generating fund$:
Licences
Costs of ¢oncert series and fundraisin9 events
Autumn Fair expenses
905
905
857
593
593 7,603
70
70
93
1,568 1,568 8,553
Church Activitie8
Donations given
Contribution to diocese for ministry and other
costs (parish share)
Ministry- C19rgy costs
Church and church hall running costs
Sound system
Grounds Project
Organ
Quinquennial Repairs
Cost of pastoral services
Music provision
Professional fees - Independent examiner
Note 14
5,463 5.463 3,095
80,000 80,000 71,000
4.219 4,219 4.551
22,706 22,706 25.790
1.474 1,474 6,595
2.453
138
138 2,370
3.065 3,065 3,689
4.583 4,583 3,774
576
576
576
Totsl church aetivitiè8 èXP8nditur•
122,224 122,224 123,893
Supportcosts
Office expenses
Totsl Support costs
8677 8677 11.610
8,677 8,677 11.610
Total oxp8nditure
132.469 132,469 144,056
Net incomlng loutgoingl rosour¢•$ for th• y•ar
2,924 2,924 11.572
Tran$f•rn bétseen funds
Net movernent for the year
2,924 2,924 11,572
10