LS
(St. Mary the Virgin,a a Whickham)a Registereda Charity. Number 1132270
----- Start of picture text -----
OS i Se
ite ee So
eae 8 FB ra. Be a ga
oo BSN, Naggere
OSoo apeee Ss ewe vee
oS ge es AS ee
a ea aes£8 oth ENGR
~ ; = . y aS a a ee aS =_ Ni - te, ue i
wee oa | hn Pie
----- End of picture text -----
Annual Report
Includingas Financiala os Statements Year ended 31° DDecem b* erer 2024
Page 1
The Parochial Church Council (PCC) presents its annual report for the year ended 31st December 2024, which includes the financial statements for that year.
Copies of this report/financial statements are submitted to both the Durham Diocese and the Charity Commission in order to meet regulatory requirements.
REFERENCE AND ADMINISTRATIVE INFORMATION
St Mary the Virgin Church is situated in Whickham town centre. We are an Anglican Parish Church in the Gateshead West Deanery of the Diocese of Durham.
Our correspondence address is:
. The Parish Office St Mary’s Centre Church Chare Whickham Newcastle upon Tyne NE16 4SH .
On 22 October 2009 St Mary’s was entered in the Central Registerof Charities under Charity Registration Number 1132270. Prior to this date the Church was a charity excepted by statutory instrument from registration with the Charity Commission.
Main Bankers:
Barclays Bank PLC
Leicester
LE87 2BB
STRUCTURE, GOVERNANCE AND MANAGEMENT
The method of appointment of PCC members is set out in the Church Representation Rules. At St Mary's the membership of the PCC consists of the incumbent (The Rector), two churchwardens, diocesan synod members, deanery synod members and members elected by those members of the congregation who are on the electoral roll of the church. All those who attend our services and members of the congregation are encouraged to register on the Electoral Roll and stand for election to the PCC. The PCC members are jointly 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 members are also the trustees of the charity.
Following the Rector’s retirement at the end of March 2024, the parish is in a period of Vacancy whilst the Diocesan process for the recruitment of a replacement is being followed. A lay chairman has been elected in the meantime until a replacement Rector is appointed.
Given its wide responsibilities the PCC operates a number of committees, each dealing with particular aspects of parish life. These committees, which include Finance and Standing, Church Life and Events, and Buildings and Centre Management are all responsible to the PCC and report back to it regularly when their recommendations are discussed and agreed upon as appropriate.
Page 2
| Membership ofthe | PCC during 2024: | <- | |
|---|---|---|---|
| Ex Officio members: | Incumbent: | The Reverend B J Abbott (Chairman) | Retired 31/3/2024 |
| Lay Chairman | Anne Lindsley from 21 April 2024 | ||
| Church Wardens: | Joan Porteous | ||
| Ann Wilson | |||
| Deanery Synod: | Jill Abbott Retired 31/3/2024 | ||
| , | Brian Gregory | ||
| Joan Smith | |||
| PCC Elected members: | Susan Lister (PCC Secretary) | ||
| lan Newton (PCC Treasurer) | |||
| MargaretWood | |||
| Brian Wilson | |||
| JamesAshtonfrom21April2024 |
AIMS AND PURPOSES
St Mary’s Parochial Church Council [PCC] had a responsibility of co-operating with the incumbent, the Reverend Barry Joseph Abbott and his replacement when appointed, in promoting within the ecclesiastical parish the whole mission of the Church, encompassing pastoral, evangelistic, social and ecumenical practice.
OBJECTIVES
The PCC is committed to serving all in the community and enabling as many people as possible to worship at our church and to become part of our parish community at St Mary’s. The PCC maintains an overview of worship throughout the parish and makes suggestions on how services can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer and scripture, music and sacrament.
To facilitate this work it is important that we maintain the fabric or the church of St Mary the Virgin and the St Mary’s Centre buildings.
PUBLIC BENEFIT
When planning our activities for the year, the incumbent and the PCC have considered the Charity Commission guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion;
-
e offering people the opportunity to gather together for worship, prayer and teaching at a range of services and meetings throughout the week;
-
e providing pastoral care in a variety of ways e.g. visiting the sick, supporting those with special needs, providing help and advice in times of joy [marriage and baptism] or sadness [bereavement];
-
e offering programmes of teaching to young people in conjunction with relevant events and activities;
-
e¢ promoting and supporting partnerships with churches, organisations and people involved in the faith, love and hope of Christ in action at home and abroad;
Page 3
-
¢ providing accommodation and facilities for the use of voluntary organisations within the locality;
-
e Introducing and maintaining a Warm Space initiative for use by merabers of the local community;
-
e participate actively in local events and voluntary work within our community.
RISK MANAGEMENT
_
The PCC recognises its responsibility for identifying and managing risk.
FINANCIAL - As with many charitable organisations, the majority of the PCC’s income is the result of voluntary giving, the vast majority of this coming from the generous and committed giving of St Mary's congregation. It is recognised that church membership and the associated giving fluctuates year by year, and the PCC monitors main areas of income and expenditure through monthly budget reports and regular updates by the Treasurer at each formal PCC meeting. The pandemic significantly impacted on income levels since March 2020 which are only now beginning to recover, ‘where necessary expenditure has been reduced accordingly and available grants claimed.
The handling of cash would normally be subject to dual control procedures where practicable with the objective of minimising potential loss or fraud. However due to the impact of the coronavirus pandemic with its significant reduction in actual cash income received, the reduction in parish office staffing, and less availability of resources, normal counting and banking arrangements have been temporarily suspended and alternative arrangements have been put in place. The closure of the local branch of Barclays has also impacted on banking arrangements with more use being made of the local branch Post Office. The PCC’s bank accounts require that two authorised signatories sign each cheque and authorise any standing orders, direct debit mandates, or on-line electronic payments. Bank debit/credit cards are used as authorised by the PCC.
The PCC’s financial transactions are recorded on a specialised church accounting software system which includes full audit trail.
As required by charity regulations the annual report and financial statements together supporting working papers are examined each year by an Independent Examiner.
RESERVES POLICY— See Note 12
to the Financial Statements for details.
MAINTENANCE — Essential maintenance to the church and PCC property has been carried out throughout the year. All annual inspections in respect of safety, electrical and security requirements have been undertaken as required. In 2024 a number of necessary repairs to the church building itself and the two halls were identified and these have either been carried out during the year or scheduled for future work and provided for within the accounts.
SAFEGUARDING -The health, safety and protection of children and young people is regarded as being of paramount importance. Formal policy and procedures are in operation within the parish in line with Diocesan guidelines.
INSURANCE — the PCC maintains comprehensive insurance cover in respect of the Church and St Mary’s Centre and associated activities. The relevant certificates and safety notices are displayed as required.
Page 4
CHAIRMAN’S ANNUAL REPORT
| was elected as Lay Chair at the first PCC meeting after the 2024 APCM.
This year has had its problems/difficulties due to the unexpected retirement of the-Rector, Revd. Barry Abbott, at Easter 2024. We have been extremely fortunate in the dedication and hard work of our two Churchwardens, who have, and continue to, work very hard. They have managed to find cover for our services and to keep the buildings of the church ‘intact’. The members of the PCC have been very supportive in everything that has happened.
Sadly congregational attendance suffered in the early months, but this is beginning to increase, little by little. Much of this is due to the fact that we have a wonderful retired priest, Canon Waterhouse, living in the parish and he has been able to help us and support us, as have other retired priests, and our own Licensed Lay Minister, Margaret Wood.
Baptisms have remained steady, there have been very few weddings and even fewer funerals than usual. Play and Praise continues to be held, weekly, during term time despite a definite drop in numbers but, sadly, Messy Church was discontinued after Easter. There is still a good liaison with the schools and 3 of them came into St Mary’s to hold their Christmas service, despite there being no Rector to help them.
One anxiety has been the drop of users for the Parish Centre, so consequently we are losing money through lack of revenue, but the Buildings Committee are doing an excellentjob in catching up with all the details that need attention. | extend my very grateful thanks to them and all the members of the PCC for their support, and especially as we put together a Parish Profile which will be available to any prospective candidate for the vacant post of Rector.
| conclude by asking everyone to continue to support and promote the Parish of St Mary’s through this difficult time of Vacancy
Anne Lindsley Lay Chairman of PCC February 2025
TREASURER’S REPORT
This Annual Report, which includes the Financial Statements, is produced to comply with the appropriate financial, charity, and church accounting regulations; and is subject to independent examination by a suitably qualified person. Copies of this Annual Report including the report of the independent examiner are sent to the Charity Commission and the Durham Diocese each year in line with regulatory requirements.
The coronavirus pandemic has severely impacted PCC activities since March 2020 and there was still a continuing impact on the PCC’s financial position for 2024. In particular the St Mary’s Centre has been badly affected as costs of re-opening still have not seen a commensurate recovery of rental income; this led to a continuing deficit for the year of £4,440 although this is an improvement over the previous year [£5,648 in 2023]. In addition building repair costs, the energy crisis, high inflation, and adverse economic conditions have also impacted PCC activities during 2024 and continue into 2025. The PCC is fortunate that significant numbers of planned giving donations are made by standing order as this has provided a relatively stable source of regular income to the church throughout the year.
Page 5
For expenditure, all reasonable steps were taken to reduce expenses, for example claiming for various grants [see Note 13] and reducing other commitments. The largest single item of expenditure was the Parish Share at £40,000 [£40,000 in 2023]. It should be noted that the long term gas contracts which were in place terminated at the end of July 2024 and the long term electricity contract terminated at the end of September leading to increase of over 60% on existing energy charges. In addition there was an above inflation increase in National Living Wage [9.8%] impacting on staffing costs. There have been a number of maintenance issues affecting the church and the halls which the PCC is addressing; where these have not been resolved during the year financial provision has been in these accounts.
The charity’s total income for 2024 was £124,766 [£115,356 in 2023] and total expenditure was £123,537 [£114,656 in 2023] giving a small surplus of £1,230 [£700 in 2023]; full breakdown of income and expenditure is given in Notes 2 and 3 of the accounts.
For 2025 the full year costs of the change of energy contracts together with a further above inflation increase in National Living Wage will have a significant affect on the PCC’s financial position. These increases, the current period of vacancy, building maintenance costs, and other ongoing uncertainties arising from the current national economic position make it extremely difficult to plan with any total degree of accuracy although it is hoped that there will be a continuing return to some level of “normality” during 2025. The PCC has agreed a balanced budget for 2025
With regard to the Centre efforts are being made to increase income with new customers being sought although it is still anticipated there will be a deficit for 2025.
Despite these ongoing economic position the PCC has agreed to increase the Parish Share contribution from the annual budget for 2025 from £40,000 to £45,000 in order to support the Diocese.
The PCC remains confident that the charity can continue to operate as a going concern throughout 2025. The PCC continues to review the financial position on a regular basis to ensure ongoing sustainability of parish finances.
lan Newton Treasurer of the Parochial Church Council
Annual Report approved by the PCC at the meeting of 10° March 2025 and signed on behalf of the PCC by;
----- Start of picture text -----
A
Chairman J
----- End of picture text -----
Dated: 10 March 2025
Page 6
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WHICKHAM (St. Mary the Virgin, Whickham)
Registered Charity Number 1132270
Financial Statements Year ended 31** December 2024
Page 7
Statement of Financial Activities
For the period from 01 January 2024 to 31 December 2024
----- Start of picture text -----
|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|LS|
|Unrestricted|Designated|2024|Total|Prior year|Total|
|funds|funds|
|a|
|Income|from [note|2]:|
|Donations|and|legacies|73,110|863|73,974|70,159|
|Income|from|charitable|activities|9,877|18,162|28,039|26,208|
|Other|trading|activities|5,245||5,245|4,051|
|Investments|12|4,307|16,086|14,938|
|Other|income|1,421||1,421|—|
|Total|income|101,433|23,333|115356|
|124,766|
|Expenditure|on [Note|3]:|
|Raising|funds|178||178|70|
|Expenditure|on|charitable|activities|oo|100,390|22,967|123,358|114,587|
|Other|expenditure||—|—|
|Total|expenditure|100,569|22,967|123,537|114,656|
|Net income|/|(expenditure)|for the|reporting|period|864|365|4,230|700|
|before|investment|gains/(losses)|and|transfers|
|Gains|/|losses|on|investment|assets|[Note|5}|1,208||4,221|
|Net income|/|(expenditure)|resources|after investment|gains/(losses)|2,072|365|9.437|4,920|
|SSSSSS|hs|SSS|
|Transfers|
|Gross|transfers|between|funds-|in||4,500|4,500|0|
|Gross|transfers|between|funds|-|out|-4,500||4,500|0|
|Net|income|/|(expenditure)|resources|after transfers|-2,428|4,865|2,437|4,920|
|Other recognised gains|/ losses|
|Gains|on|revaluation,|fixed|assets,|charity's|own|use|[Note|4]|62,009||62,009|206,514|
|Net movement|in|funds|59,580|4,865|64,445|211,434|
|Reconciliation|of funds|
|Total|funds|brought|forward|2,555,283|87,737|2,431,722|2,431,722|
|Total|funds|carried|forward|2,614,864|92,737|2,707,602|2,643,156|
|Represented|by|
|Unrestricted|
|General|fund|2614864|—|2,614,864|2,555,284|
|Designated|
|All|Under|One|Roof|Fund|-|85,284|85,284|81,099|
|Flower|Fund||2,203|2,203|2,246|
|Play|and|Praise|Fund||723|723|62|
|Rector's|and|Church|Wardens'|Fund|_|17|17|17|
|St|Mary's|Centre|Fund|—|4,509|4,509|4,449|
|Grand|Total|of Funds|2,614,864|92,736|2,707,602|2,643,156|
----- End of picture text -----
There may be minor discrepancies in the above totals due to the pence figures not being shown.
Page 8
The Parochial Church Council of the Ecclesiastical Parish of Whickham - 1132270
Balance sheet As at: 31 December 2024 “
----- Start of picture text -----
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|General|Designated|At 31/12/2024|At|31/12/2023|
|Fund|Funds|£|£|
|Fixed|assets|
|Tangible|assets|[Note|4]|2,543,054|—|2,453,054|2,481,045|
|Investments|[Note|5]|63,190||63.190|61,982|
|Fixed|assets|2,606,244|-|2.606.244|2,543,027|
|Current|assets|4|
|Debtors|[Note|6]|7,303|137|7,440|5,218|
|Cash|at bank and|in|hand|[Note|7]|34,212|96,993|131.204|126,518|
|Current assets|41,515|97,130|138.645|131,736|
|Liabilities|
|Creditors:|Amounts|falling|due|in|one|year|[Note|8]|32,044|4,392|29,757|
|36,436|
|Net|current|assets|less|current|liabilities|9,470|92,738|101,979|
|102,208|
|Totalalaassets|less|currentrent|liabilitiliabilities|2,615,714|92,738|2,645,006|
|2,708,452|
|Liabilities|
|Creditors:|Falling|due|after|more|than|one|year|[Note|9]|850|——|1,850|
|850|
|Total|net|assets|less|liabilities|2,614,864|87,872|2,643,156|
|2,707|602|
|Represented by|
|Unrestricted|
|Unrestricted|-|General|fund|2,614,864||2,555,284|
|2,514,864|
|Designated|
|Designated|-|All|Under|One|Roof|Fund||85,285|85,285|81,099|
|Designated|-|Flower|Fund||2,204|2,204|2,246|
|Designated|-|Play|and|Praise|Fund||724|724|62|
|Designated|-|Rector's|and|Church|Wardens’|Fund||7|17|17|
|Designated|-|St|Mary's|Centre|Fund||4,509|4,449|
|4,509|
|Total|Funds|of the|charity|2,614,864|92,738|2,707,602|2,643,156|
----- End of picture text -----
There may be minor discrepancies in the above totals due to the pence figures not being shown.
Approved by the PCC at the meeting held on 10" March 2025 and signed on its behalf by:
----- Start of picture text -----
‘
i L Whoaso S
Chairman
----- End of picture text -----
----- Start of picture text -----
Treasure
----- End of picture text -----
----- Start of picture text -----
a fs
. 2 Aah
----- End of picture text -----
Page 9
Notes to the Financial Statements °
Note 1 - Accounting policies
General
The members of the PCC are the Trustees of the charity. Trustees’ duties are set out in the Charities Act 2011 and Charity Trustee Act 1993. These Acts impose a duty on the trustees to direct the affairs of the charity, ensure that it is solvent, ensure that proper accurate accounting records are kept, and that statements of account which adhere to the charity law and accounting regulations are prepared in respect of each financial year.
These financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards. The current applicable Statement of Recommended Practice for Financial Reporting in Charities is FRS 102. Under the provisions of FRS 102, the PCC is not classified as a larger charity [i.e. annual gross income in excess of £500K] and therefore is not required to produce a Statement of Cash Flows.
The financial statements have been prepared under the historical cost convention except for freehold property, which is shown at insured value; and the valuation of investment assets, for which market value is used.
Funds
Unrestricted funds represent those funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Designated funds are those which have been nominally allocated for a particular purpose by the PCC but which can be applied to other general proposes if required and are therefore also classed as unrestricted. The charity has no restricted or endowment funds.
The financial statements include all transactions, assets and liabilities for which the PCC itself is responsible in law. They do not include the financial statements of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.
Incoming resources
Voluntary income and collections are recognised when received by or on behalf of the PCC.
Planned giving donations receivable under Gift Aid are recognised only when received; tax recoverable on Gift Aid donations is recognised in the same year in which the donations are received. 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 ultimate receipt by the PCC is reasonably certain.
Funds raised at fairs, concerts and similar events are normally accounted for when received and shown gross where that information is available. Sales of books are accounted for gross. Rental income from the letting of PCC premises is recognised when the rental is due. Investment income is accounted for when due and payable.
Page 10
Gains and losses on investments
Realised gains or losses are recognised when investments are sold. | Unrealised gains or losses are accounted for on revaluation of investments using the latest market valuation available as at 31 December.
Resources used
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.
The diocesan parish. share is accounted for when due. Any parish share that is unpaid at 31 December would be provided for in these financial statements as an operational (though not a legal) liability and would be shown asa creditor in the balance sheet.
Fixed assets
Consecrated and benefice property of any kind is excluded from the financial statements in accordance with s.10 (2)(a) of the Charities Act 2011.
PCC freehold property which consists of the two Halls which comprise the St Mary's Centre, and 7a Coalway Drive is shown at latest insured value. Land on Park Drive which is occupied by the Scout building is shown at a nominal value of £1.
The piano has now been fully depreciated as indicated in Note 4.
Individual assets purchased with a value of £2,500 or less are charged direct to expenditure rather than being included in the balance sheet.
Investments are valued at market value at 31 December or the latest valuation available
Current assets
Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that are considered non-collectable.
Short-term deposits include cash held on deposit either with the CBF Church of England Funds or at bank.
Current liabilities
All known liabilities for which the PCC is responsible in law up to 31 December 2024 are included in the accounts.
Page 11
| Total | |||||
|---|---|---|---|---|---|
| Unrestricted | Designated | Thiet year | Last year | ||
| Note 2 — Income | |||||
| Donations andlegacies | |||||
| 0101 - Planned giving - standing orders | 35,214 | _ | 35,214 | 36,690 | |
| 0110 - Planned giving - other | 9,406 | — | 9,406 | 7,978 | |
| 0301 -Loose plate collections | 9,129 | _— | 9,129 | 11,129 | |
| 0550 - Donations, appeals, etc. | 6,784 | 143 | 6,927 | 958 | |
| 0555 - Donations - candles | 355 | — | 355 | 435 | |
| 0565 - Donations - Play and Praise | _ | 721 | 721 | 960 | |
| 0601 -Tax recoverable on Gift Aid | - | 11,722 | — | 11,722 | 12,010 |
| 0702 - Legacies | 500 | _— | 500 | _— | |
| Donations andlegacies Totals | 73,111 | 864 | 73,974 | 70,159 | |
| Income from charitable activities | |||||
| 1101 - Fees forWeddings retained by PCC | 2,798 | — | 2,798 | 4,041 | |
| 1105 -Fees for Funerals retained byPCC | 4,361 | _— | 4,361 | 3,344 | |
| 1220 - Bookstall sales | _ | 33 | 33 | 21 | |
| 1240 - St Mary's Centre rentals | _ | 17,550 | 17,550 | 15,066 | |
| 1250 - Parish magazine—Advertising income | 150 | _— | 150 | 300 | |
| 1260 - Parish magazine - Sales income | 2,568 | _— | 2,568 | 2,883 | |
| 1270 - Flower fund income | — | 325 | 325 | 542 | |
| 1335 - Miscincome | _— | 254 | 254 | 11 | |
| Income from charitable activities | 9,877 | 18,162 | 28,039 | 26,208 | |
| Totals | |||||
| Othertrading activities | |||||
| 0910 -Fund Raising | 5,057 | _— | 5,057 | 3,969 | |
| 0940 - Parish Breakfast | 188 | _— | 188 | 82 | |
| Othertrading activities Totals | 5,245 | _— | 5,245 | 4,051 | |
| investments | |||||
| 1020 - Investment income received | 1,579 | 122 | 1,701 | 1,764 | |
| 1021 - Interest Received -AUOR | _ | 4,186 | 4,186 | 2,974 | |
| 4030 - Rentfrom lands or buildings | 10,200 | _— | 10,200 | 10,200 | |
| Investments Totals | 11,779 | 4,308 | 16,086 | 14,938 | |
| Otherincome | |||||
| 0801 -Government and OtherGrants | 1,421 | _— | 1,421 | _— | |
| Otherincome Totals | 1,421 | _ | 1,421 | — | |
| IncomeGrandtotals | 101,433 | 23,333 | 124,766 | 115,356 |
Page 12
----- Start of picture text -----
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Note|3-|Expenditure|.|
|Raising|funds|
|1725|-|Planned|giving|envelopes|179|—|178|-|70|
|Raising|funds|Totals|179||179|70|
|Expenditure|on|charitable|activities|
|1910|-|Parish|Share|-|Diocese|39,999||39,999|40,000|
|1920|-|Parish|contribution|-|Deanery|80||80|—|
|2001|-|Pastoral|Assistant|costs|75|——|75|300|
|2010|- Verger|2,065|—|2,065|1,881|
|2015|-|Choir|master/organists|2,512|—|2,512|2,317|
|2056|-|Centre Assistant|4,379|4,379|8,758|7,976|
|2060|- Centre cleaner|—|3,499|3,499|3,979|
|2061|-|Church|Cleaner|2,920|=|2,920|1,866|
|2062|- Centre|Gardener|—|583|583|531|
|2063|-|Handyman|583|1,166|1,749|1,597|
|2070|-|Play and|Praise|Leader|—|—|—|898|
|2101|- Working|expenses|of|rector|750||750|3,000|
|2130|-|Rectory expenses|3,594|—|3,594|4,740|
|2135|-|St|Mary's|House|expenses|690|—|690|671|
|2170|-|Education|-|clergy|and|assistants|150|——|150|300|
|2205|- Children|and|youth|activities|60|—|60|271|
|2207|-|Play|and|praise|activities||59|59|—|
|2210|-|Church|Life|281|—|281|295|
|2320|-|Organ/piano|repairs|7,332||7,332|900|
|2322|- Music,|licences|and|choir|sundries|574|—|574|544|
|2325|- Altar|Requisites|763|—|763|1,006|
|2330|-|Church|maintenance|13,977|—|13,977|8,261|
|2355|- Sundry|expenses|1,695|—|1,695|791|
|2358|-|Sundry|expenses|-|DBS|checks|138|—|138|52|
|2360|- Administration|—|postage,|stationery,etc.|561|46|607|640|
|2361|- Administration|- Telecomms|974|—|974|1,020|
|2362|- Administration|— computer|s/ware/licence|135|—|135|384|
|2364|- Administration|—|photocopier|usage|219||219|196|
|2365|- Administration|— Photocopier|lease|660|—|660|671|
|2367|- Administration|- Bank charges|,|394|—|394|477|
|2380|-|Baptism|and|confirmation|141|—|141|294|
|2440|- Church|running|-|heating,|light|& water|5,934||5,934|5,205|
|2450|- Church|-|insurance|4,895|—|4,895|4,042|
|2501|-|Magazine|expenses|1,801|—|1,801|1,908|
|2515|-|Flowers|—|367|367|733|
|2530|-|Hall|running|-|electricity|—|2,788|2,788|2,620|
|2540|-|Hall|running|-|gas||3,609|3,609|2,753|
|2550|-|Hall|running|-|insurance|—|2,590|2,590|2,990|
|2560|-|Hall|running|-|maintenance|—|1,837|1,837|1,667|
|2570|-|Hall|running|- telephone|—|413|413|407|
|2580|-|Hall|running|- water||1,086|1,086|855|
|2590|-|Hall|running|- cleaning|materials|—|546|546|548|
|2820|-|Hall|+|major|repairs|-|installation|2,060|—|2,060|5,000|
|Expenditure|on|charitable|100,391|22,968|123,359|114,587|
|activities|Totals|
|Expenditure|Grand|totals|100,570|22,968|123,538|114,657|
|There may be minor discrepancies|in|the|totals|if the pence|are|not being shown|
----- End of picture text -----
Page 13
| Note 4 - Fixed assets for use by PCC | ‘ | |||||
|---|---|---|---|---|---|---|
| Freehold | Centre | Piano | Total | Prior | ||
| Land and = Contents Buildings |
“«. | year | ||||
| Totals | ||||||
| £ | £ | £ | £ | £ | ||
| Opening bookvalue brought forward | 2,481,045 | 0 | 0 | 2,481,045 | 2,274,531 | |
| Additions during the year | 0 | 0 | 0 | 0 | ||
| Revaluation increase (decrease) during the | 62,009 | 0 | 0 | 62,009 | 206,514 | |
| year | ||||||
| Depreciation charged fortheyear | 0 | 0 | 0 | 0 | 0 | |
| Closingbookvaluecarriedforward | 2,543,054 | 0 | 0 | 2,543,054 | 2,481,045 |
The freehold land and buildings comprise the house at 7a Coalway Drive, and the two halls known as St Mary's Centre located at Church Chare. A direct commercial valuation is difficult; therefore the PCC includes these assets at insured value. A revaluation is carried out periodically by the insurer’s specialist staff with inflation indexation applied in years where no valuation takes place. The PCC also own the freehold fand in Park Drive on which the Scout Hut [Heron House] is built; this is included at a nominal value of £1. As the freehold land and buildings are considered to have a very long remaining useful life no depreciation has been charged on those assets.
The Centre contents have largely been in use for many years and have a low recoverable value, therefore impairment was applied in 2015, and the resultant reduced residual value of £11,271 has been depreciated at the rate of 20% per annum ona straight line basis. This asset has now been fully depreciated with the final depreciation being charged in 2019.
A piano was purchased midway through 2015. Musical instruments are generally considered to have a life [for depreciation purposes] of approximately 7 years. Therefore depreciation at the rate of 14% ona straight line basis will be applied to this asset cost of £11,590 — the final depreciation was £1,046 in 2023 [£1,622 in 2021]; this asset has now been fully depreciated.
The Church, the Rectory, and the churchyard are not vested with the PCC and are not therefore included as assets in these accounts.
Note 5 — Investments
| Note 5 — Investments | ||||
|---|---|---|---|---|
| Cost | Current | Prioryear | ||
| Value # | ||||
| £ | £ | £ | ||
| BlackRock Charities UK Bond Fund A income [1218.09]* | 2,156 | 1,776 | 1,807 | |
| BlackRock Charities UK Bond Fund A Accumulation [211.578]* | 5,000 | 9,930 | 9,791 | |
| M&G Charibond Income shares [9597]* | 10,000 | 10,355 | 10,172 | |
| CCLACharinco Official Investment Fund | [478]* | 484 | 9,700 | 9,486 |
| CCLACBF Income Shares [947.64] | * | 10,000 | 21,912 | 21,422 |
| DDBF/CCLACBF Turnbull Trust [281.59] | 1,000 | 6,511 | 6,365 | |
| DDBF/CCLA CBF Parochial School [130] | 255 | 3,006 | 2,939 | |
| Total Less prioryear valuation |
28,895 | 63190 (61,982) |
61,982 (57,761) |
|
| AnnualGain(Loss) | 1,208 | 4,221 |
- Valuation is as at 31% December 2024 market value or latest valuation available at that time *- Uncommitted — re Note12
Page 14
Note 6 — Debtors
| Unrestricted | Designated | Total | Total | ||
|---|---|---|---|---|---|
| 2024 | 2024 | 2024 | 2023 | ||
| £ | £ | £ | -- £ |
||
| Income Tax— Gift Aid | 2,220 | 0 | 2220 | 2,586 | |
| Centre | 3,365 | 137 | 3,502 | 2,631 | |
| Other | 1,718 | 0 | 1718 | 0 | |
| Total | 7303 | 137 | 7440 | 5,218 | |
| Note 7 — Bank/Cash in | hand/Cash | deposits | |||
| Unrestricted | Designated | Total | Total | ||
| 2024 | 2024 | 2024 | 2023 | ||
| . | £ | £ | £ | £ | |
| Bank — General Fund | 34,205 | 0 | 34,205 | 34,998 | |
| Cash in Hand — General Fund | 7 | 0 | 7 | 0 | |
| Bank/cash —AUOR fund | 0 | 85,285 | 85,285 | 81,099 | |
| Bank/cash — Centre fund | 0 | 8,764 | 8,764 | 8,096 | |
| Bank/cash — otherfunds | 0 | 2,944 | 2,944 | 2,325 | |
| Total | 34,212 | 96,993 | 131,205 | 126,518 | |
| Note 8 — Creditors | |||||
| Unrestricted | Designated | Total | Total | ||
| 2024 | 2024 | 2024 | 2023 | ||
| £ | £ | £ | £ | ||
| Wedding deposits/prepaid fees | for2025 | 1,250 | 1,250 | 1,450 | |
| Maintenance/works provision | 29,337 | 29,337 | 18,951 | ||
| Centre | 0 | 4,392 | 4,392 | 3,765 | |
| Other | 1,458 | 1,458 | 5591 | ||
| Total | 32,045 | 4,392 | 36,437 | 29,757 | |
| Note 9 — Long Term Creditors/Prepayments | |||||
| Unrestricted | Designated | Total | Total | ||
| 2024 | 2024 | 2024 | 2023 | ||
| £ | £ | £ | £ | ||
| Prepaid wedding deposits over | 12 months | 0 | 0 | 0 | 1,000 |
| Deposit—7a Coalway Drive | 850 | 0 | 850 | 850 | |
| Total | 850 | 0 | 850 | 1,850 |
Note 10 - Related Party Transactions
PCC members as Trustees have donated a total of £5,343 during the year [2023; £6,800]. The reduction is due to changes in PCC membership during 2024. There have been no other related party transactions agreed during the year which require reporting [None in 2023].
Note 11 — Personnel Costs
| Note 11 — Personnel Costs | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Salaries and other emoluments paid | 19,574 | 18,728 |
| Employers National Insurance | 0 | 0 |
| Pensions Costs | 0 | 0. |
| Total | 19,574 | 18,728 |
Page 15
Number of employees in post at 31 December 4 4 Average number of employees over the year 4 4.5 _
The above salary costs for are shown gross.
There were no employees who meet the definition of “key management personnel” during the year [None in 2023].
No salary or employee benefits have been paid to Trustees in respect of their membership of the PCC [None in 2023].
The incumbent clergy’s salary is paid directly by the Durham Diocese and not by the PCC and is therefore excluded from these accounts.
Note 12 — Reserves Policy
The PCC has agreed that it would be prudent to maintain a reserve at least equivalent to 3 months approved budgeted expenditure [excluding the Parish Share] from the General Fund. For 2024 this would have equated to a reserve requirement of £15,000; actual reserve held in the form of uncommitted [see Note 5] long term investments was £53,679, a cover ratio of 3.58 [2023; 4.24].
Note 13 — Grants
During 2024 the charity has support in the form of grants;
| General | Designated | 2024 | 2023 | |||||
|---|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||||
| Other | grants: | |||||||
| Listed | Places | ofWorship | [VAT] Scheme | 1,421 | 0 | 1,421 | Nil | |
| TOTAL | 1,421 | 0 | 1,421 | Nil |
In line with the requirements of FRS102 these grants are shown gross as income rather than netting down appropriate expenditure.
Note 14 —- Going Concern
The corona virus pandemic has had a significant effect on PCC income over the past 5 years and this continues to some extent into 2025 particularly in respect of the Centre rentals and availability of volunteers to support church activities. During the year there have been a number of significant building repair projects some of which continue into 2025. In addition the energy crisis, higher than inflation increases for minimum wage, overall inflation, and adverse economic conditions will also continue to impact. However the Trustees are satisfied that despite the serious impact of these issues on the PCC finances, the charity will be able to continue on a going concern basis during 2025. The financial position is regularly reported to the PCC as part of risk management procedures.
Page 16
fo: _ CHARITY COMMISSION | Independent examiner's report on the | (iy)| FOR ENGLAND AND WALES | accounts |
Section A Independent Examiner’s Report
----- Start of picture text -----
Report to the trustees/ THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
members of | WHICKHAM ~ St. Mary the Virgin Whickham
On accounts for the year | 31 December 2024 Charity no | 1132270
ended
----- End of picture text -----
tR | report to the trustees on my examination of the accounts of the above na apeae charity (‘the Trust") for the year ended 31/12/2024 Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
| report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
-
Independent | have completed my examination. | confirm that no material matters have
-
examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form 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.
----- Start of picture text -----
| have no concerns 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.
Y
ee
Name: (” Greseeuey Le FRA GA.
Relevant professional DED
qualification(s) or body cae
(if any):
Address:; 2, Qemn Learns |
I
Wie WAT
NEw Urs TYNE Nib QP
----- End of picture text -----
IER
1
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). <.
Give here brief details of any items that the examinerdisclose. wishes to
| No disclosure required | |
----- Start of picture text -----
|
| ||
|
|
|
|
|
Ct
----- End of picture text -----
IER
2