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2025-12-31-accounts

Docusign Envelope ID: 2DA2B5C7-B801-8CD7-8343-FA69319E7FBF

Charity number: 1134530

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF JESMOND

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Docusign Envelope ID: 2DA2B5C7-B801-8CD7-8343-FA69319E7FBF

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF JESMOND

CONTENTS
Page
Reference and Administrative Details of the Charity, its PCC Members (also 1 - 2
recognised as Trustees by the Charity Commission) and Advisers
Trustees' Report 3 - 8
Independent Examiner's Report 9
Statement of Financial Activities 10
Balance Sheet 11
Notes to the Financial Statements 12 - 20

Docusign Envelope ID: 2DA2B5C7-B801-8CD7-8343-FA69319E7FBF

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF JESMOND

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS PCC MEMBERS (ALSO RECOGNISED AS TRUSTEES BY THE CHARITY COMMISSION) AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2025

PCC Members (also Rev D R J Holloway (Vicar)1 recognised as Trustees by the Charity Commission)

Rt Rev J J S Pryke (Senior minister and Chair)1 Mr W A Coulson2 Dr W S Tufton (resigned 16 November 2025)2 Mrs H L Caisley (resigned 3 September 2025)3 Mr M R Whitehall4 Rev I T S Garrett4 Rev R P Adcock4 Mrs E Jackson3 Mrs J A Jolley4 Dr S M Lee4 Miss D R Lawrence4 Mr A B Mathers4 Mrs L M E Robb4 Mrs G M Mackie4 Mr P Slegg (resigned 11 May 2025)4 Miss S Addison2 Mr J D McAllister4 Mr A D Shaw3 Mr J Green3 Dr O D Turner4 Mrs Y C Bromley (resigned 11 May 2025)4 Dr K R Bell4 Dr T N Lou (appointed 16 November 2025)4 Mr T Young (appointed 16 November 2025)4 Dr E Attfield (appointed 16 November 2025)4 Mr C Wells (appointed 16 November 2025)4

1 Clerk in Holy Orders

2 Churchwarden

3 Diocesan Representative

4 Other members

Charity registered number 1134530 Principal office Jesmond Parish Church Eskdale Terrace Newcastle upon Tyne NE2 4DJ

Bankers Lloyds Bank plc 102 Grey Street Newcastle upon Tyne NE99 1SL

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Docusign Envelope ID: 2DA2B5C7-B801-8CD7-8343-FA69319E7FBF

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF JESMOND

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS PCC MEMBERS (ALSO RECOGNISED AS TRUSTEES BY THE CHARITY COMMISSION) AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Solicitors Gordon Reid
Moore Barlow
Gateway House, Toll Gate
Chandlers Ford
Southampton
SO53 3TG
Independent Examiner Kinnair Associates Limited
Aston House
Redburn Road
Newcastle upon Tyne
NE5 1NB
Treasurer Mr W A Coulson
Secretary Mrs L M E Robb

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF JESMOND

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025

Introduction

The members of the Parochial Church Council of Jesmond Parish Church (the PCC) present their report and accounts for the year ended 31 December 2025. These are prepared in accordance with applicable accounting standards and the recommendations of Statement of Recommended Practice: Accounting and Reporting by Charities.

Reference and Administrative Details

Jesmond Parish Church was consecrated on 14 January 1861 as ‘a church in memory of the late Rev Richard Clayton (1802-1856) ... in which evangelical truth shall be declared’, which would ‘form a central point for the maintenance and promulgation of sound scriptural and Evangelical truth in a large and populous town.’

The church is located at Eskdale Terrace, Jesmond, Newcastle upon Tyne, NE2 4DJ. The PCC accepts the responsibility of co-operating with the senior minister, the Rt Rev Jonathan Pryke, in the furtherance of the above ideal and, of co-operating in promoting in the parish the whole mission of the church, pastoral, evangelistic, social and ecumenical. The mission statement for the church is summarised as: Godly Living, Church Growth, Changing Britain.

The PCC members form the governing body of the PCC. The members who acted during the year and up to the date of this report are shown on page 1.

The PCC was previously a charity exempted from registration with the Charity Commission. Following the 2006 Charities Act it is now required to be registered. The PCC was registered as a charity on 26th February 2010 (registration number 1134530). The PCC has again during the year gratefully received the support of another charity, the Jesmond Trust (Charity Commission registration number 1193725). The Jesmond Trust is concerned to see the advancement of the Christian Religion through the provision of property (including accommodation for clergy), finance, ministry and other help for the whole mission of the Church, pastoral, evangelistic, social and ecumenical.

The registered office of the PCC and details of its principal advisers are given on page 1.

Structure, governance and management

The PCC operates through a number of committees, which meet between full meetings of the PCC for discussion and prayer.

Standing Committee – this is the only committee required by the Church Representation Rules. It has power to transact the business of the PCC between its meetings, subject to any directions given by the PCC. It is made up of the chairs of the sub-committees, the churchwardens, the treasurer and the senior minister. The PCC secretary also attends.

Finance and Fabric Committee – this committee oversees the general financial and fabric dimension of the church’s work by monitoring income and expenditure, preparing the budget, ensuring adequate financial controls are in place and operating effectively and co-ordinating the annual giving review. It also advises the Jesmond Trust, a registered charity, with which the PCC has a grant agreement to help facilitate the work of the church.

World Mission Committee – this committee aims to promote congregational interest and involvement in the world-wide church; support of missionaries associated with the church and reviews applications for support.

Youth and Review Committee – this committee provides an overview of the youth activities in the church, including the Sunday school groups, crèches, and uniformed organisations.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF JESMOND

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Teaching and Training Committee – this committee advises on the promotion of opportunities for teaching and training across the congregation, especially through the ‘EQUIP’ programme of seminars and courses.

The induction and training of any new PCC members takes place in a number of ways. At the first PCC meeting of a new PCC year the senior minister and chairman explains the responsibilities, the basis and the workings of the PCC to all the members of the PCC including those who are new. New PCC members are already involved in the life of the church and have a received a thorough introduction to the ministry of Jesmond Parish Church. New PCC members are also trained ‘on the job’ in main PCC meetings and sub-committee meetings by observation and explanation by other PCC members of the workings of the PCC.

During the year the PCC continued the process of systematically reviewing the risks that it faces. The greatest risk is ceasing to be faithful to Jesus Christ. That is managed by ensuring that the whole church in all its departments is biblically based. However, other risks include:

• Financial risk – managed mainly through the appointment of a qualified accountant as treasurer, producing an annual budget, having an annual giving review based on the financial needs identified in the budget, monitoring income and expenditure during the year on a regular basis, and practically having procedures for handling cash donated on Sundays;

• Reputational risk – managed mainly through rigorous vetting/training by the church of all potential church workers/volunteers based at Jesmond Parish Church, having safeguarding and child protection policies in place with the required Disclosure and Barring Service (DBS) checks and the taking up of references for all individuals involved in regular work with children and young people;

• Statutory/legal risk – managed mainly by the administrator who has responsibility for ensuring compliance with relevant legislation and purchasing adequate insurance cover; and

• Operational risk – managed mainly through the church recruiting and appointing only appropriately gifted and qualified workers and volunteers who are associated with the church’s work to fill positions of pastoral responsibility.

• Governance risk – managed mainly through clear governance structures, defined roles and responsibilities, appropriate delegation, and regular review of PCC decision-making and financial oversight.

Objectives and principal activity

The primary object of the PCC is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England.

The PCC continued to work in promoting in the ecclesiastical parish the whole mission of the Church – pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the Church, Church hall and Church grounds of Jesmond Parish Church.

Public Benefit

When planning the church’s activities for the year, the PCC considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on the advancement of religion. The PCC also considered how the Church had succeeded in delivering its aims, including public benefit, when reviewing the achievements for the year which are summarised below and which the members considered to be a public benefit.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF JESMOND

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Achievements and performance

Average Sunday attendances at services at Jesmond Parish Church during 2025 were 664 not including children, 8% higher than a year earlier. The nine Carols by Candlelight services in December had a combined attendance of 4,300.

Thanks to the hard work and creativity of many teams of people, throughout the year there was a wide range of extensive ministries with those in all ages and stages of life. These include:

This diverse, seven-days-a-week activity is centred on Jesmond Parish Church and involves people throughout Newcastle and Tyneside. The PCC thanked God for his working in these ways. Across the year hundreds of volunteers who are members of the church gave wide-ranging help across all the different aspects of the church's work. Without all of this dedicated and committed work the church would not be able to accomplish all that it does. The PCC would like to record their gratitude to God for these volunteers.

Jesmond PCC encourages giving via The Jesmond Trust because it is committed to maintaining “sound scriptural and evangelical truth” in line with the purpose for which JPC was originally founded. The Jesmond Trust has entered into a grant agreement with Jesmond PCC which sets out funds which will be donated to the PCC each year, provided JPC remains committed to “sound scriptural and evangelical truth”. Jesmond PCC is very thankful for the support of the Jesmond Trust

The PCC has encouraged members of the church to continue to support missionary and aid work in the UK and overseas. The financial support through The Jesmond Trust has amounted to £219,000, for which we give thanks to God.

The PCC met in full session nine times during the year. Average attendance was 19. Committees met between meetings and written reports of their deliberations were received by the full PCC and discussed where necessary. At each meeting an updated safeguarding report was considered.

On 17 February the council had a lengthy initial discussion about a draft proposal for alternative episcopal oversight. A range of senior leaders had been consulted. There were a large number of questions arising from the proposal that needed further consideration. It was agreed that legal advice would be sought. The PCC agreed a further review of the implications of the Makin Report for safeguarding.

On 17 March the council continued its consideration and discussion of the many questions arising from the draft proposal for alternative episcopal oversight. The council agreed that it should continue to explore the proposal as the best option currently available. Action beyond this would depend on responses from the different parties involved, and on further communication with the wider JPC congregation.

On 31 March the senior minister updated the council on a number of consultations regarding possible ways forward for orthodox parishes in the Church of England. He reported that there had been no progress in the

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF JESMOND

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

discussions between the Alliance (the network of orthodox groupings in the Church of England) and the House of Bishops on the provision of alternative oversight for orthodox. The council was seeking legal advice. The council agreed that a decision on the way forward would be made after a range of further consultations, advice and communication, including with the diocese.

On 28 April the council heard a report on the finances, and approved the accounts for 2024. The budget was challenging for staffing. Four new ministry trainees would be joining us in September. Pete and Fi Alston would be leaving to go to Japan, for language study initially. The gap their departure would create will need to be filled. There was a further update on the developing situation regarding JPC and the Church of England. The Easter season had been very encouraging, including the music and baptisms in the sea on Easter morning. There would be a church lunch in June to mark the retirement of Jonathan Redfearn.

On 9 June, following the annual meeting, appointments were made to various posts and sub-committees. A record number of people had booked for the church weekend away at Blaithwaite. There was no immediate prospect of The Alliance being listened to by Bishops, or of any offer of orthodox oversight. Legal advice has been received that the memberships of the PCC and the Jesmond Trust should be separated. The council agreed that this needed to be acted on a timely but considered way. A proposal to enable this would be brought to the next meeting.

On 14 July there was a report on the church weekend away, which was good despite terrible weather. Next year there will be a Big Day Out, more accessible to everyone. A finance update indicated there would be a need for an autumn appeal. There was consideration of the necessary governance developments regarding the relationship between the PCC and the Jesmond Trust. The council agreed to seek its own legal advice.

On 15 September, following legal advice to the council, there was consideration of how the advised governance changes would be implemented effectively. Elections of a new churchwarden and members of the council would be needed. A formal grant agreement between the council and the Jesmond Trust was being drawn up. An updated safeguarding policy was adopted. The programme for the up-coming autumn outreach with Graham Daniels of Christians in Sport was considered.

On 3 November, it was reported that the memberships of the council and the Jesmond Trust were now separate. The council thanked those who had stood down for their faithful service. The formal grant agreement between the council and the Jesmond Trust was considered and agreed. There was to be a Special Parochial Church Meeting later in the month. This would elect a new churchwarden and members of PCC and deanery synod. There would be a briefing on the governance developments and on finances.

On 15 December, following the Special Parochial Church Meeting, members of the PCC Standing Committee were elected. Andy Mathers was elected as the lay vice-chair of the council. The budget for 2026 was discussed. An updated proposal for orthodox oversight was considered. A provisional timetable towards a decision on orthodox oversight was agreed. The bishop of Newcastle had made very clear her commitment to the ‘Living in Love and Faith’ agenda to change the Church of England’s teaching and practice on sexual ethics away from the biblical, apostolic position. Attendance at the excellent Carols by Candlelight services was 4,300.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF JESMOND

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Financial review

Funds are donated primarily as people are taught the principles of Christian giving by the clergy, lay workers and volunteers. This is especially done annually at the beginning of February. As stated above, Jesmond PCC encourages giving via The Jesmond Trust because it is committed to maintaining “sound scriptural and evangelical truth” in line with the purpose for which JPC was originally founded.

During the year the PCC’s total income decreased from £239,221 to £237,508, a decrease of £1,713 or 1%. Individual voluntary donations increased from £12,200 to £14,340, an increase of £2,140 or 18%. The PCC thanks God for his generous provision of these funds.

During the year the PCC’s total expenditure decreased from £238,938 to £236,801, a decrease of £2,137 or 1%.

The total of the PCC’s funds at 31 December 2025 was £1,195 which comprised an accumulated surplus on the General Fund of £670 and a surplus on restricted funds of £525.

The PCC’s policy on reserves is to spend in full any unrestricted accumulated surplus carried forward in the immediate future. The expenditure would, therefore, normally be during the subsequent financial year. This is consistent with the PCC’s belief that God will provide sufficient resources for the needs of the PCC.

Statement of PCC members’ responsibilities

The PCC’s members are required to prepare accounts for each financial year which give a true and fair view of the state of affairs of the PCC and of the surplus or deficit for that period. In preparing those accounts, the PCC members are required to: select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and prepare the accounts on the going concern basis unless it is inappropriate to assume that the PCC will continue its activities.

The PCC members are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the PCC and enable them to ensure that the accounts comply with statutory requirements and with PCC’s constitution and rules. They are also responsible for safeguarding the assets of the PCC and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.

The PCC has complied with its duty under Section 5 of the Safeguarding and Clergy Discipline Measure 2016 to have regard to the House of Bishops’ guidance on safeguarding children and vulnerable adults.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF JESMOND

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Plans for future periods

The mission of the PCC is summed up as Godly Living, Church Growth, and Changing Britain. This comes from the Great Commandments of Jesus and his Great Commission.

Godly Living is based on the First and Greatest Commandment: "Jesus [said], 'Love the Lord your God with all your heart and with all your soul with all your mind. This is the first and greatest commandment" (Matthew 22.3738). Godly Living covers personal religion; accepting the importance of the Christian fellowship - the church - and its sacraments; belonging through small groups; biblical finance; Christian reading; and care for the poor - at home and abroad.

Church Growth is based on the Great Commission: "Jesus … said, 'All authority in heaven and earth has been given to me. Therefore go and make disciples of all nations, baptizing them in the name of the Father and of the Son and of the Holy Spirit, and teaching them to obey everything I have commanded you'" (Matthew 28.19-20). Church Growth covers evangelism at home and abroad; expository preaching; youth work; work with students - both UK students and international students; learning from and helping other churches and planting new churches; pastoral care; the welcome and incorporation of newcomers; the music ministry; overseas mission; Christian discipleship training seminars; and the use of the public media.

Changing Britain is based on the Second Great Commandment. "And the second is like it: 'Love your neighbour as yourself.' All the Law and the Prophets hang on these two commandments" (Matthew 22.39-40). Changing Britain covers influencing education; influencing the media; influencing politics; influencing the therapeutic services; influencing commerce; and re-evangelising the nation. It also involves meeting local needs through activities such as parent and toddler groups, holiday clubs for children, and uniformed groups (Beavers, Cubs, Scouts, Rainbows, Brownies, Guides).

The PCC plans to continue to work towards the fulfilment of this mission. Its vision for growth and the planting of new churches will be taken forward by working to grow Jesmond Parish Church, and in partnership with its sister churches Holy Trinity Church in Gateshead and St Joseph’s Church Benwell. New opportunities will be assessed as they arise.

The facilities of Jesmond Parish Church are a vital tool for its work and mission, and the PCC hopes to make further improvements. The production of online Jesmond Parish Church services morning and evening, whether pre-recorded or live-streamed, will continue and develop, as will their broadcast on Clayton TV. The PCC will continue to support the growth of Christian work elsewhere in the UK and in other countries of the world.

Disclosure of information to auditors

So far as each member of the PCC at the date of approval of this report is aware:

Approved by order of the members of the board of Trustees on 27 April 2026 and signed on their behalf by:

Rt Rev J J S Pryke Trustee

Mr W A Coulson Trustee

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF JESMOND

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2025

Independent Examiner's Report to the Trustees of The Parochial Church Council of the Ecclesiastical Parish of Jesmond ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2025.

Responsibilities and Basis of Report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

Your attention is drawn to the fact that the Charity has prepared the accounts 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do 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.

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.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed: Dated: 28 April 2026 Mai L C Mak FCA

Kinnair Associates Limited Chartered Accountants Aston House, Redburn Road Newcastle upon Tyne NE5 1NB

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF JESMOND

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025

Note
Income from:
Donations and legacies
3
Charitable activities
4
Investments
Total income
Expenditure on:
Charitable activities
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2025
£
233,340
4,168
-
237,508
236,801
236,801
707
(37)
707
670		 Restricted
funds
2025
£
-
-
-
-
-
-
-
525
-
525		 Total
funds
2025
£
233,340
4,168
-
237,508
236,801
236,801
707
488
707
1,195		 Total
funds
2024
£
235,200
4,018
3
239,221
238,938
238,938
283
205
283
488

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 12 to 20 form part of these financial statements.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF JESMOND

BALANCE SHEET AS AT 31 DECEMBER 2025

Note
Fixed assets
Tangible assets
2.6
Current assets
Debtors
8
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
9
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
11
Unrestricted funds
11
Total funds		 9,937
62,814
72,751
(71,556)		 2025
£
-
-
1,195
1,195
1,195
1,195
525
670
1,195		 16,348
4,998
21,346
(20,858)		 2024
£
-
-
488
488
488
488
525
(37)
488

The financial statements were approved and authorised for issue by the Trustees on 27 April 2026 and signed on their behalf by:

Rt Rev J J S Pryke

Trustee

The notes on pages 12 to 20 form part of these financial statements.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF JESMOND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

1. General information

The PCC is a charity registered in England & Wales. Its registered office is Jesmond Parish Church, Eskdale Terrace, Newcastle upon Tyne NE2 4DJ

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The Parochial Church Council of the Ecclesiastical Parish of Jesmond meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The financial statements are presented in pounds Sterling and rounded to the nearest pound.

2.2 Going concern

The charity is a going concern and these financial statements are prepared on the going concern basis.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Voluntary income is recognised in the financial statements when it is received, or on an accruals basis where it can be assured with reasonable certainty and is receivable by the balance sheet date. Income tax recoverable on voluntary donations is recognised in the financial statements when it is receivable from HM Revenue and Customs.

All other incoming resources are included in the statement of financial activities on a cash received basis or on an accruals basis where they are assured with reasonable certainty and receivable by the balance sheet date.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF JESMOND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

2. Accounting policies (continued)

2.4 Expenditure (continued)

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and support costs involved in undertaking each activity.

Direct costs are those costs that are capable of being allocated directly to a charitable activity.

Support costs are those costs which cannot be attributed to a single activity, such as the administration staff roles. The Charities Statement of Recommended Practice requires that Support costs are separately identified and then allocated between the Charity's activities on a basis consistent with the use of resources. In practice, all support costs are allocated against ministry activities.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 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.

2.6 Tangible fixed assets

Tangible fixed assets costing £5,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

The main church building is excluded from the financial statements under Section 10(2) of the Charities Act 2011.

Movable church furnishings requiring a faculty for disposal are classed as inalienable assets. Insufficient cost information is available on these assets and the PCC believes that the costs of obtaining this information far outweigh the additional benefit that would be derived by users of the financial statements. They have therefore been excluded from the financial statements.

The PCC occupied one further property prior to its disposal in 2024. This property was carried at a revalued amount under the revaluation model, being the fair value of the property less any subsequent accumulated impairment losses. The value of the property at the end of its useful life was deemed to be equivalent to its current value and the property was not depreciated.

2.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

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Docusign Envelope ID: 2DA2B5C7-B801-8CD7-8343-FA69319E7FBF

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF JESMOND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

2. Accounting policies (continued)

2.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.10 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.11 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

3. Income from donations and legacies

Unrestricted
funds
2025
£
Donations
Donations from The Jesmond Trust
219,000
General donations
14,340
233,340		 Total
funds
2025
£
219,000
14,340
233,340		 Total
funds
2024
£
223,000
12,200
235,200

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Docusign Envelope ID: 2DA2B5C7-B801-8CD7-8343-FA69319E7FBF

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF JESMOND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

4. Income from charitable activities

Unrestricted Total Total
funds funds funds
2025 2025 2024
£ £ £
Income from charitable activities - Ministry and other
activities 4,168 4,168 4,018

5. Analysis of expenditure by activities

Ministry and other activities
Property
Diocesan Contribution
Ministry and other activities
Property
Diocesan Contribution		 Direct costs
2025
£
19,712
107,769
101,102
228,583
Direct costs
2024
£
9,026
126,307
93,414
228,747		 Support
costs
2025
£
8,218
-
-
8,218
Support
costs
2024
£
10,191
-
-
10,191		 Total
funds
2025
£
27,930
107,769
101,102
236,801
Total
funds
2024
£
19,217
126,307
93,414
238,938

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Docusign Envelope ID: 2DA2B5C7-B801-8CD7-8343-FA69319E7FBF

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF JESMOND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

5. Analysis of expenditure by activities (continued)

Analysis of direct costs

Expense and ministry cost reimbursements
Fellowship and small groups
Services
Leadership
Repairs and maintenance - main church
building
Repairs and maintenance - Lily Avenue
Rates and utilities
Cleaning costs
Insurance
Professional fees
Diocesan contribution
Expense and ministry cost reimbursements
Services
Leadership
Repairs and maintenance - main church
building
Repairs and maintenance - Lily Avenue
Rates and utilities
Cleaning costs
Insurance
Loan interest Lily Avenue
Diocesan contribution		 Ministry
2025
£
4,597
356
4,555
1,862
-
-
-
-
-
8,342
-
19,712
Ministry
2024
£
3,266
4,810
950
-
-
-
-
-
-
-
9,026		 Property
2025
£
-
-
-
-
13,795
8
69,498
13,800
10,668
-
-
107,769
Property
2024
£
-
-
-
14,818
121
80,754
13,090
11,176
6,348
-
126,307		 Diocesan
2025
£
-
-
-
-
-
-
-
-
-
-
101,102
101,102
Diocesan
2024
£
-
-
-
-
-
-
-
-
-
93,414
93,414		 Total
funds
2025
£
4,597
356
4,555
1,862
13,795
8
69,498
13,800
10,668
8,342
101,102
228,583
Total
funds
2024
£
3,266
4,810
950
14,818
121
80,754
13,090
11,176
6,348
93,414
228,747

Page 16

Docusign Envelope ID: 2DA2B5C7-B801-8CD7-8343-FA69319E7FBF

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF JESMOND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

5. Analysis of expenditure by activities (continued)

Analysis of support costs

Printing postage and stationery
Refreshment
Telephone and internet
Ministry office costs
Bank charges and interest
Governance costs		 Ministry
2025
£
97
2,731
1,163
77
370
3,780
8,218		 Total
funds
2025
£
97
2,731
1,163
77
370
3,780
8,218		 Total
funds
2024
£
-
1,488
4,654
80
339
3,630
10,191

6. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £1,290 (2024 - £1,245) , and accounts preparation fees of £1,860 ( 2024 - £1,790 ).

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Docusign Envelope ID: 2DA2B5C7-B801-8CD7-8343-FA69319E7FBF

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF JESMOND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

7. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .

Some Trustees receive stipends from a related party to this charity, The Jesmond Trust, and further details of related party transactions are provided in note 10.

During the year ended 31 December 2025, no Trustee expenses have been incurred (2024 - £NIL) .

8. Debtors

Due within one year
Amounts owed by The Jesmond Trust
Other debtors
Prepayments and accrued income		 2025
£
8,132
316
1,489
9,937		 2024
£
11,579
3,888
881
16,348

9. Creditors: Amounts falling due within one year

Trade creditors
Accruals and deferred income		 2025
£
9,398
62,158
71,556		 2024
£
282
20,576
20,858

Within accruals and deferred income is a grant received in advance from Jesmond Trust of £54,974 relating to the 2026 year.

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Docusign Envelope ID: 2DA2B5C7-B801-8CD7-8343-FA69319E7FBF

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF JESMOND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

10. Related party transactions

The charity had the following transactions and balances with The Jesmond Trust (The Trust)

2025 2024
£ £
Donations from the Trust 219,000 223,000
Amounts due from the Trust 8,132 11,579

In addition, stipends, social security costs, pension costs and reimbursed expenses totalling £190,489 (2024 - £195,998) were received by PCC members and their connected parties from the Trust.

Page 19

Docusign Envelope ID: 2DA2B5C7-B801-8CD7-8343-FA69319E7FBF

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF JESMOND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

11. Statement of funds Statement of funds - current year

Unrestricted funds
General Funds
Restricted funds
May Gift Week
Total of funds
Statement of funds - prior year
Unrestricted funds
General Funds
Restricted funds
May Gift Week
Total of funds		 Balance at 1
January
2025
£
(37)
525
488
Balance at
1 January
2024
£
(320)
525
205		 Income
£
237,508
-
237,508
Income
£
239,221
-
239,221		 Expenditure
£
(236,801)
-
(236,801)
Expenditure
£
(238,938)
-
(238,938)		 Balance at
31
December
2025
£
670
525
1,195
Balance at
31
December
2024
£
(37)
525
488

Page 20