Charity registration number: 1132580
## The Parochial Church Council of Grimsby, St Mary and St James and St Hugh
Annual Report and Financial Statements
for the Year Ended 31 December 2025
## **The Parochial Church Council of Grimsby, St Mary and St James and St Hugh**
## **Contents (continued)**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 7|
|Independent Examiner's Report|8|
|Statement of Financial Activities|9 to 10|
|Balance Sheet|11|
|Notes to the Financial Statements|12 to 23|
## **The Parochial Church Council of Grimsby, St Mary and St James and St Hugh**
## **Reference and Administrative Details**
**Chair** Revd A Race, (from 6 November 2025) **Trustees** B Lockwood M Bull K Bruning, (until June 2025) M Topliss, (until 25 May 2025) J Foulds T Bruning C Daniel, (Lay Vice Chair until 6 November 2025) C Plant MBE L Maudson B Carter, (until 25 May 2025) J Matthews S Mitchell S Sitatombe R Hatton V Wilkins **Charity Registration Number** 1132580 **Principal Office** St Hugh's Community Centre Haycroft Street Grimsby DN31 2EA **Independent Examiner** Forrester Boyd Limited 26 South St Mary's Gate Grimsby DN31 1LW
Page 1
## **The Parochial Church Council of Grimsby, St Mary and St James and St Hugh**
## **Trustees' Report**
The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2025. The members of the Parochial Church Council (the trustees) confirm that the annual report and financial statements of the charity have been prepared in accordance with the accounting policies set out in set out in the Statement of Responsibilities below and comply with the Charities Act 2011, the requirements of the charity’s governing body and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial reporting Standard 102.
## **Objectives and activities**
## _**Objects and aims**_
The Parochial Church Council of the parish of Great Grimsby, St Mary & St James & St Hugh (The PCC), has the responsibility of cooperating with the incumbent in promoting the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic social and ecumenical. The PCC is also specifically responsible for the maintenance of our churches of Grimsby Minster and St Hugh’s Church, as well as the St Hugh’s Community Centre.
The PCC is committed to enabling as many people as possible to worship at our churches and to engage in the mission and ministry of the parish. The PCC maintains oversight of mission and ministry throughout the parish and encourages as many people as possible, both congregants and wider stakeholders, to engage in the whole life of the Parish, cultural, spiritual and educational. Our worship seeks to put faith into practice through prayer and scripture, music and sacrament. When planning our activities for the year we have considered the Charity 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:
- Worship and prayer
- Learning about the gospel developing their knowledge and trust in Jesus
- Provision of pastoral care for people living in the parish
- Engagement with schools
- Volunteering.
To facilitate this work, it is important that we maintain the fabric of the churches of Grimsby Minster, St Hugh’s Church and the St Hugh’s Community Centre.
## _**Public benefit**_
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Page 2
**The Parochial Church Council of Grimsby, St Mary and St James and St Hugh**
## **Trustees' Report (continued)**
## **Achievements and performance**
The PCC is keen to offer a range of services during the week and over the course of the year that our community find both beneficial and spiritually fulfilling.
At Grimsby Minster, in addition to our main choral communion service on a Sunday, we also offer a communion service during the week, and morning prayer on three mornings a week. Once a month we hold an afternoon service of Choral Evensong, a service sung by the choir and contemplated by the congregation.
At St Hugh’s Church holy communion is celebrated on one Sunday a month and on the intervening Sundays we hold an informal fellowship group with hymns, readings and discussion. We have Mr John Foulds and Mrs Sue Mitchell to thank for leading the group.
All are welcome to attend our regular services. At present there are 85 parishioners on the electoral roll of which 31 are not resident within the Parish. The average weekly attendance counted during October 2025 was 67 at Grimsby Minster and 18 at St Hugh’s Church, but this number Increased at festivals, especially around Christmas and Easter. In the lead up to Christmas this year we held seven carol services for schools, within and outside the parish. We held a Christingle service in St Hugh’s Church which was well attended and also we held a traditional Nine Lessons and Carols service at the Minster.
Grimsby Minster also has a role as a civic church for the borough and hosts several special services during the year.
Grimsby Minster serves as a beacon for the Anglican choral tradition in this area. Most of our services here are supported by a professionally trained choir of male and female adult adults and children. The younger choristers are pupils of local schools. Our director of music, Mr Mark Wilde is an acclaimed musician and teacher. Mr Julian Aistrop serves as our organist and is also able to assist Mr Wilde with the choir and to provide music lessons to our younger members.
As well as our regular services, we enable our community to celebrate and thank God at the milestones of the journey through life:
• through baptism we thank God for the gift of life and welcome people into the family of God;
• in marriage public vows are exchanged with God‘s blessing;
• through funeral services, friends and families express their grief, give thanks for the departed and commend them into God’s keeping.
We celebrated 22 baptisms, 5 weddings and held 9 funerals in our parish this year, as well as 4 Crematoria funerals and 2 interments of ashes.
Page 3
## **The Parochial Church Council of Grimsby, St Mary and St James and St Hugh**
## **Trustees' Report (continued)**
## **Deanery Synod**
Four members of the PCC sit on the Deanery Synod. This provides the PCC with an important link between the Parish and the wider structures of the church. The PCC has continued to focus attention on the Diocesan, “Time to Change Together” programme.
## **Outreach**
Our desire is for our churches to be open as much as possible. In the case of Grimsby Minster, we have a café which opens from 9.30am until 2.30pm from Tuesday until Saturday. This enables us to provide a space not only for refreshment but for private prayer which would not be possible otherwise.
In addition, Grimsby Minster hosts many artistic and cultural events and has established good partnerships with some of the major artistic providers in the town. For example, the Grimsby Symphony Orchestra, the Grimsby Philharmonic Society, the North Lincolnshire Art Society, the Culture House, Our Big Picture have put on Concerts, exhibitions and interactive events. We are fortunate that Grimsby Minster is situated in St James’s Square, a grassy area which is owned in part with the local authority which provides a space where we can extend our artistic and cultural offering beyond the church building.
Although St Hugh’s Church itself is not as active in these areas, St Hugh’s Community Centre next door is very well used. It houses the Parish Office which is our administration centre. During the week the Centre is used by Beavers, Cubs and Scouts, by karate and tai chi groups and by dance groups and the Centre is an important hub for the Equality Practice. The Equality Practice provides education and activities to support men and women who seek to find ways to cope with and live beyond social, financial, domestic and drugs related trauma.
We are always looking for ways to be a welcoming community for children and their families, whether they come to church or not. Apart from our choir, we have a dedicated children’s area for use during services and provide good quality, age related Christian resources. We organise inexpensive half term craft activities for children.
## **Fabric**
Grimsby Minster underwent an extensive re-ordering and renovation in 1996 benefiting from extensive grant aid. In addition, in 2005, again with the help of grant funding, a major extension was added to the existing building to provide meeting space toilets et cetera. Despite this, the main part of the building is in need of substantial renovation and adaptation. The exterior of the building is in generally good repair and the roof is sound after significant remedial work. As for the interior, major deficiencies remain with the lighting system which is now obsolete and is a major obstacle in extending our musical and artistic offerings. The Walker organ is a magnificent instrument installed in the 1950s and needs significant overhaul. The Lady Chapel floor needs replacing as the existing floor has been extensively damaged by the water ingress that occurred before the church roofs were made sound. To further these needs, we are working on developing a major bid for National Lottery funding which we estimate would cost somewhere around £1.4 million.
Page 4
**The Parochial Church Council of Grimsby, St Mary and St James and St Hugh**
## **Trustees' Report (continued)**
St Hugh’s church is also in need of attention although the structure is generally sound.
St Hugh’s Community Centre has required some repair and refurbishment. There remain some problems with damp in parts of the building. The Parish has spent a considerable amount from its own sources to try to make good deficiencies in the estate. Nevertheless, to do all repairs and renovations which are necessary are totally beyond the current financial resources of the PCC.
## **Pastoral care**
Some members of our Parish are unable to attend church due to sickness or age. Our clergy visit as many church members as possible who request it to celebrate communion with them at their homes or in their care homes. We also make sure that those who cannot come to church are kept abreast of developments through our newsletter. Our curate, Revd Susanna Rosemeyer, runs a Pastoral Table on Wednesday mornings where people can book baptisms or find a listening ear for personal problems.
## **Mission and evangelism**
A lot of our Parish is an area of quite pronounced deprivation, and we encourage our congregation to contribute to the food and clothing needs of the West Marsh community. We have donated substantial quantities of food and clothing to the West Marsh Community Centre several times this year.
## **Ecumenical relationships**
We have entered into an ecumenical relationship with the Redeemed Christian Church of God (RCCG). This is a pentecostal church of Nigerian origin which has several congregations throughout the United Kingdom and is registered charity. RCCG uses St Hugh’s Church for its services on Sunday. This continues to require a lot of goodwill, adaptability and flexibility to enable the arrangement to work smoothly. This undertaking was established in accordance with Church of England ecumenical protocols and with the permission of the Diocesan Bishop. RCCG also hires the St Hugh’s Community Centre for its children’s work and community activities, including a soup kitchen every Saturday. We greatly appreciate the value of the work done by the RCCG in our community.
## **The clerical vacancy**
This Parish has been in vacancy from March 2024 to November 2025. This has proved to be a major challenge for lay members of the parish and its volunteers. Thankfully, along with the considerable support of our curate, Revd Susanna Rosemeyer, the Diocese provided a part-time consultant priest, Revd Canon Peter Mullins, to provide oversight and direction. We are immensely grateful to them both for the energy and commitment they have displayed in helping us to manage a demanding situation. Following a selection process, our new vicar, Revd Andrew Race, was licensed on 6th November 2025.
## **Volunteers**
We would like to thank all the volunteers who worked so hard to make our parish the lively and vibrant community it is. In particular we want to mention our Churchwardens Mr Rob Lockwood, Mr Chris Daniel and Mrs Christine Plant MBE, as well as our Safeguarding Officer, Dr Tim Bruning, and our Treasurer Mr Mike Bull, all of whom have worked tirelessly on our behalf.
## **Staff**
Our part-time paid staff have also made a significant contribution to the smooth running of the Parish. Our Finance Officer, Mrs Sarah Cutts, keeps the accounts in order but also does a significant amount of work around general church administration and event organisation. She is ably assisted by Miss Clare McGrath our Administrative Assistant. At Grimsby Minster our caretaker Mr Martyn Plumtree is a great asset who keeps the building spick and span and arranges for its frequent reconfiguration to make it suitable for the wide variety of church and artistic events. We very sadly lost our Education Officer, Mrs Kate Bruning, to cancer during the year and oversaw our children’s work and liaison with local schools - the Craft Team has done a sterling job since to continue Kate’s significant legacy. We are also grateful to our café staff team under the able direction of Mrs Sharon Ferrand.
Page 5
## **The Parochial Church Council of Grimsby, St Mary and St James and St Hugh**
## **Trustees' Report (continued)**
## **Financial review**
## _**Policy on reserves**_
The PCC is charged with retaining sufficient general funds to enable it to continue its activities. It is our policy to invest our fund balances with the CBF Church of England Deposit Fund. There is still a need to develop a reserves policy in order that the PCC can manage risk better.
Total funds held are £742,569 of which £188,458 are unrestricted free reserves for general use.
## **Scripture, governance and management**
## _**Nature of governing document**_
The PCC is a body corporate established by the Church of England and operates under the Parochial Church Powers Measure 1956, and the Church Representation Rules 2020 (and subsequent revisions). The PCC is a registered charity.
## _**Recruitment and appointment of trustees**_
The method of appointment of PCC Trustees is set out in the Church Representation Rules. In this Parish the PCC consists of the incumbent (vacant until 6th November 2025) the churchwardens, the curate and those trustees elected at the Annual Parochial Church Meeting by those on the Electoral Roll of the ecclesiastical parish. 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 Trustees 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.
## _**Arrangements for setting key management personnel remuneration**_
There is no remuneration paid to key management personnel.
## _**Organisational structure**_
The PCC met eight times during the year with an average level of attendance of 80%. As required by law, the PCC has a Standing Committee to enact decisions on behalf of the PCC. The Standing Committee cannot make decisions that are the responsibility of the PCC.
Employed Staff:
Mrs Sarah Cutts - Finance Officer. Miss Clare McGrath – Administrative Assistant Mrs Kate Bruning – Education Officer (until June 2025) Mr Mark Wilde – Director of Music Mr Julian Aistrop – Organist Mr Martyn Plumtree – Caretaker Mr Matthew Dalby – Assistant Caretaker Mrs Sharon Ferrand – Café Manager Mr Harry Cowley – Café Assistant Miss Jessica Walker – Café Assistant
## _**Risk Management**_
The PCC considers and monitors the risks to which it is exposed. With the assistance of its advisors, it ensures that any considered risks are mitigated as far as possible. Risks are reviewed throughout the year and considered by the PCC and Standing Committee. These risks include repair and maintenance of buildings, fabric and contents, congregation numbers, safeguarding of children and vulnerable adults, and health and safety.
Page 6
**The Parochial Church Council of Grimsby, St Mary and St James and St Hugh**
## **Trustees' Report (continued)**
## **Reference and Administrative Details**
The following PCC members were in post at the date of this report:
## _**Vicar:**_
Revd Andrew Race (from 6th November 2025)
## _**Clergy:**_
Revd Canon Peter Mullins, Assistant Priest (until 31st August 2025) Revd Susanna Rosemeyer, Assistant Curate.
## _**Churchwardens** :_
Mr Robert Lockwood, Grimsby Minster and Parish; Mr Christopher Daniel, Grimsby Minster and Parish Ms Christine Plant MBE, St Hugh’s and Parish
## _**Deanery Synod Representatives:**_
Mr Christopher Daniel (Lay Vice Chair, PCC) Mrs Kate Bruning (until June 2025) Ms Christine Plant MBE Mrs Victoria Wilkins (from July 2025)
## _**Elected Trustees:**_
Mrs Lois Maudson, St Hugh Mrs Julia Foulds (Secretary), St Hugh Mr Michael Bull (Treasurer), Grimsby Minster Dr Timothy Bruning (Safeguarding Officer), Grimsby Minster Mrs Sheila Sitatombe, Grimsby Minster Mrs Julie Matthews, Grimsby Minster Mrs Susan Mitchell, St Hugh Mrs Victoria Wilkins, St Hugh Miss Ros Hatton, Grimsby Minster
The annual report was approved by the trustees of the charity on 14 April 2026 and signed on its behalf by:
64E90000-375D-F295-E5E6-08DEA5C90C07 ~~...........~~ .............................. Revd A Race Vicar and Chair of the PCC
Page 7
## **The Parochial Church Council of Grimsby, St Mary and St James and St Hugh**
## **Independent Examiner's Report to the trustees of The Parochial Church Council of Grimsby, St Mary and St James and St Hugh**
I report to the trustees on my examination of the accounts of The Parochial Church Council of Grimsby, St Mary and St James and St Hugh for the year ended 31 December 2025.
## **Responsibilities and basis of report**
As the charity trustees of The Parochial Church Council of Grimsby, St Mary and St James and St Hugh you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the The Parochial Church Council of Grimsby, St Mary and St James and St Hugh's accounts carried 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.
## **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:
1. the accounts do not accord with those records; or
2. the accounts do not comply with the accounting 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.
I 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.
64E90000-375D-F295-E5E1-08DEA5C90C07
~~...........~~ ........................... Carrie Anne Jensen ACA ICAEW
26 South St Mary's Gate Grimsby DN31 1LW
14 April 2026
Page 8
## **The Parochial Church Council of Grimsby, St Mary and St James and St Hugh**
## **Statement of Financial Activities for the Year Ended 31 December 2025**
|**Note**
**Income and Endowments from:**
Donations and legacies
2
Other trading activities
3
Investment income
4
Other income
5
Total income
**Expenditure on:**
Raising funds
6
Church activities
7
Governance costs
8
Total expenditure
Gains/losses on investment assets
Net (expenditure)/income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
19
Total funds carried forward
19|**Unrestricted**
**funds**
**£**
64,471
110,054
21,956
461
196,942
(56,206)
(161,432)
(4,880)
(222,518)
(5,485)
(31,061)
(31,061)
219,519
188,458|**Restricted**
**funds**
**£**
2,850
-
349
-
3,199
(1,390)
(258)
-
(1,648)
-
1,551
1,551
15,658
17,209|**Endowment**
**funds**
**£**
-
-
-
-
-
-
-
-
-
(22,622)
(22,622)
(22,622)
559,524
536,902|**Total**
**2025**
**£**
67,321
110,054
22,305
461|
|---|---|---|---|---|
|||||200,141|
|||||(57,596)
(161,690)
(4,880)|
|||||(224,166)
(28,107)|
|||||(52,132)|
|||||(52,132)
794,701|
|||||742,569|
The notes on pages 12 to 23 form an integral part of these financial statements. Page 9
## **The Parochial Church Council of Grimsby, St Mary and St James and St Hugh**
## **Statement of Financial Activities for the Year Ended 31 December 2025 (continued)**
|**Note**
**Income and Endowments from:**
Donations and legacies
2
Other trading activities
3
Investment income
4
Other income
5
Total income
**Expenditure on:**
Raising funds
6
Church activities
7
Governance costs
8
Total expenditure
Gains/losses on investment assets
Net (expenditure)/income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
19|**Unrestricted**
**funds**
**£**
83,826
97,988
24,412
16
206,242
(59,413)
(188,575)
(14,605)
(262,593)
3,070
(53,281)
(53,281)
272,800
219,519|**Restricted**
**funds**
**£**
4,500
-
503
-
5,003
(200)
(2,108)
-
(2,308)
-
2,695
2,695
12,963
15,658|**Endowment**
**funds**
**£**
-
-
-
-
-
-
-
-
-
12,511
12,511
12,511
547,013
559,524|**Total**
**2024**
**£**
88,326
97,988
24,915
16|
|---|---|---|---|---|
|||||211,245|
|||||(59,613)
(190,683)
(14,605)|
|||||(264,901)
15,581|
|||||(38,075)|
|||||(38,075)
832,776|
|||||794,701|
The notes on pages 12 to 23 form an integral part of these financial statements. Page 10
## **The Parochial Church Council of Grimsby, St Mary and St James and St Hugh**
## **(Registration number: 1132580) Balance Sheet as at 31 December 2025**
|**Note**
**Fixed assets**
Tangible assets
14
Investments
15
**Current assets**
Debtors
16
Cash at bank and in hand
17
**Creditors: Amounts falling due within one year**
18
**Net current assets**
**Net assets**
**Funds of the charity:**
**Endowment funds**
**Restricted income funds**
Restricted funds
19
**Unrestricted income funds**
Unrestricted funds
**Total funds**
19|**2025**
**£**
4,010
668,624
672,634
384
79,494
79,878
(9,943)
69,935
742,569
536,902
17,209
188,458
742,569|**2024**
**£**
2,976
696,730|
|---|---|---|
|||699,706|
|||851
109,264|
|||110,115
(15,120)|
|||94,995|
|||794,701|
|||559,524
15,658
219,519|
|||794,701|
The financial statements on pages 9 to 23 were approved by the trustees, and authorised for issue on 14 April 2026 and signed on their behalf by:
~~............~~ 64E90000-375D-F295-E5D2-08DEA5C90C07 ............................. M Bull
PCC Trustee and Treasurer
~~...........~~ 64E90000-375D-F295-E5E7-08DEA5C90C07 ..............................
Revd A Race Vicar and Chair of the PCC
The notes on pages 12 to 23 form an integral part of these financial statements. Page 11
**The Parochial Church Council of Grimsby, St Mary and St James and St Hugh**
## **Notes to the Financial Statements for the Year Ended 31 December 2025**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared under the Church Accounting Regulations 2006 in accordance with Accounting and Reporting by Charities: 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) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102),
## **Basis of preparation**
The Parochial Church Council of Grimsby, St Mary and St James and St Hugh meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The financial statements are prepared in sterling and rounded to the nearest pound.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Income and endowments**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## _**Donations and legacies**_
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## _**Investment income**_
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.
## _**Raising funds**_
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Page 12
**The Parochial Church Council of Grimsby, St Mary and St James and St Hugh**
## **Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)**
## **Support costs**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including independent examination, strategic management and trustees meetings and reimbursed expenses.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £1,000.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Consecrated and beneficed property of any kind is excluded from the accounts by S.10 (2) (a) of the Charities Act 2011.
Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the church’s Inventory, being available for inspection. For inalienable property acquired prior to January 2001 there is insufficient cost information available and therefore such assets are not valued in the accounts.
The PCC also owns land and buildings which has not been valued in these accounts. It is felt by the PCC that the cost of having these properties valued professionally would not be worthwhile in the context of these accounts. Improvements to buildings during the year have been capitalised at cost. These improvements will be depreciated after the work has been completed.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
## **Asset class**
Fixtures, fittings and office equipment
**Depreciation method and rate** 15% and 20% straight line basis
## **Fixed asset investments**
Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Page 13
**The Parochial Church Council of Grimsby, St Mary and St James and St Hugh**
## **Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)**
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Endowment funds are restricted funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any income or other benefit derived from the capital may be rsetricted or unrestricted. Full details of all their restrictions are shown in the notes to the accounts.
## **Pensions and other post retirement obligations**
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
## **2 Income from donations and legacies**
|Donations and legacies;
Planned giving donations
Collections
Gift aid reclaimed
Grants, including capital grants;
Grants from other charities
Donations and legacies;
Planned giving donations
Collections
Gift aid reclaimed
Grants, including capital grants;
Grants from other charities|**Unrestricted**
**funds**
**General**
**£**
34,227
17,579
11,795
870
64,471
**Unrestricted**
**funds**
**General**
**£**
35,442
30,814
11,501
6,069
83,826|**Restricted**
**funds**
**£**
-
-
-
2,850
2,850
**Restricted**
**funds**
**£**
-
-
-
4,500
4,500|**Total**
**2025**
**£**
34,227
17,579
11,795
3,720|
|---|---|---|---|
||||67,321|
||||**Total**
**2024**
**£**
35,442
30,814
11,501
10,569|
||||88,326|
Page 14
**The Parochial Church Council of Grimsby, St Mary and St James and St Hugh**
## **Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)**
## **3 Income from other trading activities**
|Trading income;
Rents
Sales of goods and services
Events income;
Cafe sales
Sponsorship income
Trading income;
Rents
Sales of goods and services
Events income;
Cafe sales
Sponsorship income|**Unrestricted**
**funds**
**General**
**£**
39,353
3,992
66,450
259
110,054
**Unrestricted**
**funds**
**General**
**£**
30,978
4,844
61,936
230
97,988|**Total**
**2025**
**£**
39,353
3,992
66,450
259|
|---|---|---|
|||110,054|
|||**Total**
**2024**
**£**
30,978
4,844
61,936
230|
|||97,988|
## **4 Investment income**
|Interest receivable and similar income;
Interest receivable on bank deposits
Interest receivable and similar income;
Interest receivable on bank deposits|**Unrestricted**
**funds**
**General**
**£**
21,956
21,956
**Unrestricted**
**funds**
**General**
**£**
24,412
24,412|**Restricted**
**funds**
**£**
349
349
**Restricted**
**funds**
**£**
503
503|**Total**
**2025**
**£**
22,305|
|---|---|---|---|
||||22,305|
||||**Total**
**2024**
**£**
24,915|
||||24,915|
Page 15
**The Parochial Church Council of Grimsby, St Mary and St James and St Hugh**
## **Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)**
## **5 Other income**
|Sundry income
Sundry income|**Unrestricted funds**
**Designated**
**£**
**General**
**£**
382
79
**Unrestricted**
**funds**
**General**
**£**
16|**Total**
**2025**
**£**
461|
|---|---|---|
|||**Total**
**2024**
**£**
16|
## **6 Expenditure on raising funds**
## **a) Costs of generating donations and legacies**
|**Note**
Cafe purchases
Staff Costs
**Note**
Cafe purchases
Staff Costs|**Unrestricted**
**funds**
**General**
**£**
18,342
37,859
56,201
**Unrestricted**
**funds**
**General**
**£**
17,193
42,001
59,194|**Total**
**2025**
**£**
18,342
37,859|
|---|---|---|
|||56,201|
|||**Total**
**2024**
**£**
17,193
42,001|
|||59,194|
## **b) Investment management costs**
|**Note**
Allocated support costs
**Total for 2025**
**Total for 2024**|**Unrestricted**
**funds**
**General**
**£**
5
5
219|**Restricted**
**funds**
**£**
1,390
1,390
200|**Total**
**funds**
**£**
1,395|
|---|---|---|---|
||||1,395|
||||419|
Page 16
**The Parochial Church Council of Grimsby, St Mary and St James and St Hugh**
## **Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)**
## **7 Expenditure on church activities**
|**Note**
Staff costs
Diocesan quota
Clergy expenses
Light, heat and water
General repairs
Verger & cleaning
Insurance
Altar requisites
Music
Church and organ repairs
Depreciation
Postage, telephone, printing, stationery and
advertising
Professional fees
Miscellaneous expenses
**Note**
Staff costs
Diocesan quota
Clergy expenses
Light, heat and water
General repairs
Verger & cleaning
Insurance
Altar requisites
Music
Depreciation
Postage, telephone, printing, stationery and
advertising
Professional fees
Miscellaneous expenses|**Unrestricted**
**funds**
**General**
**£**
53,965
10,000
1,857
33,086
15,286
3,057
18,388
856
2,499
4,752
956
11,837
1,200
3,693
161,432
**Unrestricted**
**funds**
**General**
**£**
52,721
25,000
830
22,809
42,745
2,038
16,700
990
3,004
2,175
8,015
4,887
6,661
188,575|**Restricted**
**funds**
**£**
258
-
-
-
-
-
-
-
-
-
-
-
-
-
258
**Restricted**
**funds**
**£**
1,508
-
-
-
600
-
-
-
-
-
-
-
-
2,108|**Total**
**2025**
**£**
54,223
10,000
1,857
33,086
15,286
3,057
18,388
856
2,499
4,752
956
11,837
1,200
3,693|
|---|---|---|---|
||||161,690|
||||**Total**
**2024**
**£**
54,229
25,000
830
22,809
43,345
2,038
16,700
990
3,004
2,175
8,015
4,887
6,661|
||||190,683|
Page 17
**The Parochial Church Council of Grimsby, St Mary and St James and St Hugh**
## **Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)**
## **8 Analysis of governance and support costs**
## **Governance costs**
|Independent examiner fees
Examination of the financial statements
Independent examiner fees
Examination of the financial statements
**9**
**Net incoming/outgoing resources**
Net outgoing resources for the year include:
Depreciation of fixed assets|**Unrestricted**
**funds**
**General**
**£**
4,880
4,880
**Unrestricted**
**funds**
**General**
**£**
14,605
14,605
**2025**
**£**
956|**Total**
**2025**
**£**
4,880|
|---|---|---|
|||4,880|
|||**Total**
**2024**
**£**
14,605|
|||14,605|
|||**2024**
**£**
2,175|
## **10 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
## **11 Staff costs**
The aggregate payroll costs were as follows:
|**Staff costs during the year were:**
Wages and salaries
Social security costs
Pension costs|**2025**
**£**
86,290
5,494
298
92,082|**2024**
**£**
94,133
2,097
-|
|---|---|---|
|||96,230|
Page 18
## **The Parochial Church Council of Grimsby, St Mary and St James and St Hugh**
## **Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)**
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year was as follows:
|Administrative staff
No employee received emoluments of more than £60,000 during the year
**12 Independent examiner's remuneration**
Examination of the financial statements
**13 Taxation**
The charity is a registered charity and its activities are exempt from taxation.
**14 Tangible fixed assets**
**Land and**
**buildings**
**£**
**Cost**
At 1 January 2025
289,690
Additions
-
At 31 December 2025
289,690
**Depreciation**
At 1 January 2025
289,690
Charge for the year
-
At 31 December 2025
289,690
**Net book value**
At 31 December 2025
-
At 31 December 2024
-
**15 Fixed asset investments**
Other investments|Administrative staff
No employee received emoluments of more than £60,000 during the year
**12 Independent examiner's remuneration**
Examination of the financial statements
**13 Taxation**
The charity is a registered charity and its activities are exempt from taxation.
**14 Tangible fixed assets**
**Land and**
**buildings**
**£**
**Cost**
At 1 January 2025
289,690
Additions
-
At 31 December 2025
289,690
**Depreciation**
At 1 January 2025
289,690
Charge for the year
-
At 31 December 2025
289,690
**Net book value**
At 31 December 2025
-
At 31 December 2024
-
**15 Fixed asset investments**
Other investments||**2025**
**No**
7
**2025**
**£**
4,880
**Furniture and**
**equipment**
**£**
55,250
1,990
57,240
52,274
956
53,230
4,010
2,976
**2025**
**£**
668,624||**2024**
**No**
6|
|---|---|---|---|---|---|
||||||**2024**
**£**
14,605|
||||||**Total**
**£**
344,940
1,990
346,930
341,964
956
342,920
4,010
2,976
**2024**
**£**
696,730|
||289,690||57,240|||
||289,690
-||52,274
956|||
||289,690||53,230|||
||-||4,010|||
||-||2,976|||
||||**2025**
**£**
668,624|||
Page 19
**The Parochial Church Council of Grimsby, St Mary and St James and St Hugh**
## **Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)**
|**Other investments**
**Cost or Valuation**
At 1 January 2025
Revaluation
At 31 December 2025
**Net book value**
At 31 December 2025
At 31 December 2024
**16 Debtors**
Trade debtors
**17 Cash and cash equivalents**
Cash on hand
Cash at bank
Short-term deposits
**18 Creditors: amounts falling due within one year**
Trade creditors
Other taxation and social security
Other creditors
Accruals||**Unlisted**
**investments**
**£**
696,730
(28,106)
668,624
668,624
696,730
**2025**
**£**
384
**2025**
**£**
-
36,808
42,686
79,494
**2025**
**£**
4,976
407
560
4,000
9,943|**Unlisted**
**investments**
**£**
696,730
(28,106)
668,624
668,624
696,730
**2025**
**£**
384
**2025**
**£**
-
36,808
42,686
79,494
**2025**
**£**
4,976
407
560
4,000
9,943|**Total**
**£**
696,730
(28,106)
668,624
668,624
696,730
**2024**
**£**
851|
|---|---|---|---|---|
|||668,624|||
|||668,624|||
|||696,730|||
|||**2025**
**£**
384
**2025**
**£**
-
36,808
42,686
79,494
**2025**
**£**
4,976
407
560
4,000
9,943|||
|||||**2024**
**£**
35
35,093
74,136|
|||||109,264|
|||||**2024**
**£**
7,045
2,451
1,124
4,500|
|||||15,120|
Page 20
**The Parochial Church Council of Grimsby, St Mary and St James and St Hugh**
## **Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)**
|**19 Funds**
**Unrestricted funds**
**_General_**
General Fund
**_Designated_**
St Hugh General Fund
St James House Sale
Flower fund
Heating fund
**Total unrestricted funds**
**Restricted funds**
St Hugh Ena Berry
Bequest
Volunteer Manager
NELC Grants
Choir Bursary
LDTBF - Transformation
Grant
LDTBF - Seed Corn Fund
NELC Ward Funding
**Total restricted funds**
**Endowment funds**
**_Permanent_**
St James' Choral
Foundation
St James' Curacy Fund
St James' Fabric Fund
St James' Endowment
Fund
**Total funds**|**Balance at 1**
**January 2025**
**£**
64,613
17,701
137,205
-
-
154,906
219,519
10,116
2,700
292
2,550
-
-
-
15,658
141,014
62,627
293,504
62,379
559,524
794,701|**Incoming**
**resources**
**£**
196,560
-
-
342
40
382
196,942
349
-
750
-
1,000
250
850
3,199
-
-
-
-
-
200,141|**Resources**
**expended**
**£**
(222,518)
-
-
-
-
-
(222,518)
-
-
(258)
(1,390)
-
-
-
(1,648)
-
-
-
-
-
(224,166)|**Other**
**recognised**
**gains/(losses)**
**£**
-
-
(5,485)
-
-
(5,485)
(5,485)
-
-
-
-
-
-
-
-
(5,637)
(2,504)
(11,987)
(2,494)
(22,622)
(28,107)|**Balance at 31**
**December**
**2025**
**£**
38,655
17,701
131,720
342
40|
|---|---|---|---|---|---|
||||||149,803|
||||||188,458|
||||||10,465
2,700
784
1,160
1,000
250
850|
||||||17,209|
||||||135,377
60,123
281,517
59,885|
||||||536,902|
||||||742,569|
Page 21
## **The Parochial Church Council of Grimsby, St Mary and St James and St Hugh**
## **Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)**
|**Unrestricted funds**
**_General_**
General Fund
**_Designated_**
St Hugh General Fund
St James House Sale
**Total unrestricted funds**
**Restricted**
St Hugh Ena Berry
Bequest
Volunteer Manager
NELC Grants
Choir Bursary
**Total restricted funds**
**Endowment funds**
**_Permanent_**
St James' Choral
Foundation
St James' Curacy Fund
St James' Fabric Fund
St James' Endowment
Fund
**Total funds**|**Balance at 1**
**January 2024**
**£**
112,801
25,864
134,135
159,999
272,800
9,613
-
600
2,750
12,963
137,860
61,225
286,945
60,983
547,013
832,776|**Incoming**
**resources**
**£**
172,063
34,179
-
34,179
206,242
503
3,000
1,500
-
5,003
-
-
-
-
-
211,245|**Resources**
**expended**
**£**
(220,251)
(42,342)
-
(42,342)
(262,593)
-
(300)
(1,808)
(200)
(2,308)
-
-
-
-
-
(264,901)|**Other**
**recognised**
**gains/(losses)**
**£**
-
-
3,070
3,070
3,070
-
-
-
-
-
3,154
1,402
6,559
1,396
12,511
15,581|**Balance at 31**
**December**
**2024**
**£**
64,613
17,701
137,205|
|---|---|---|---|---|---|
||||||154,906|
||||||219,519|
||||||10,116
2,700
292
2,550|
||||||15,658|
||||||141,014
62,627
293,504
62,379|
||||||559,524|
||||||794,701|
## **20 Analysis of net assets between funds**
|Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets|**Unrestricted funds**
**General**
**£**
**Designated**
**£**
-
-
-
131,722
48,598
18,081
(9,943)
-
38,655
149,803|**Restricted**
**funds**
**£**
4,010
-
13,199
-
17,209|**Endowment**
**funds**
**Permanent**
**£**
-
536,902
-
-
536,902|**Total funds**
**at 31**
**December**
**2025**
**£**
4,010
668,624
79,878
(9,943)|
|---|---|---|---|---|
|||||742,569|
Page 22
**The Parochial Church Council of Grimsby, St Mary and St James and St Hugh**
## **Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)**
|Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets|**Unrestricted funds**
**General**
**£**
**Designated**
**£**
-
-
-
137,206
79,733
17,700
(15,120)
-
64,613
154,906|**Restricted**
**funds**
**£**
2,976
-
12,682
-
15,658|**Endowment**
**funds**
**Permanent**
**£**
-
559,524
-
-
559,524|**Total funds**
**at 31**
**December**
**2024**
**£**
2,976
696,730
110,115
(15,120)|
|---|---|---|---|---|
|||||794,701|
## **21 Related party transactions**
There were no related party transactions in the year.
Page 23
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