PAROCHIAL CHURCH COUNCIL OF ST. MARY THE VIRGIN, PONTELAND (Incorporating Holy Saviour Church, Milbourne) Year ended 31 December 2024 Annual Report and Financial Statements A Registered Charity: England and Wales No. 1134771 PAROCHIAL CHURCH COUNCIL OF ST. MARY THE VIRGIN, PONTELAND (Incorporating Holy Saviour Cburch, Milbourne) Annual report for the year ended 31 December 2024 1.0 Introduction & ob ectives St Mary's Parochial Church Council has the responsibility together with the incumbent for the running of the parish church and serving th¢ population of Ponteland (some 14,000 souls)- developing the whole mission of the church on matters pastoral, evangelical, social, and ecumenical. It is also responsible for th¢ fabric of the ancient church in Ponteland, Holy Saviour Milbourne, 2 Grange Road and the Parish Centre. 2.0 Mission Statement "We are a parish proclaiming the good news of the risen Christ, and supplyingthe spiritual, moral and soeial needs of all who seek assistancey particularly those living in the parish of Ponteland." 3.0 The Parochial Church Council Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting in accordance with the Church Representation Rules. During the year, the following served as members of the PCC.. - The Incumbent.. Revd Captain Paul T Allinson CA Associate Priest.. Revd Rosemary Harrison Associate Priest.. Revd Canon Christine Brown (retired June 2024) Churchwardens.. Ms Christine Caisley-Farr¢ll (until April 2024) Mr Graham Amstrong (from May 2024) Reprcsentatives of Deanery Synod (ex officio).. Dr Janet Welsh,. Mrs June Atkinson Elected Members: Elected 2022: Mr John Doherty, Mr Ted Hcnderson (until June 2024), Janet Robertson (until June) Elected 2023.. David Comeskey, June Atkinson, Donald Lloyd, David Butler El¢cted 2024.. Angle Jordan, Clive Jordan (Treasurer), Georgina Matthews, Paul Rudd. Michelle Smith Co-opted as Accountant: Mr Cliv¢ Ringrose. Holy Saviour Milbourne Deputy Wardens: Mr Brian Henderson, Mrs Gwenneth Nicholson. PCC Repres¢ntative: Mr Brian Henderson. The total membership of the PCC for 2024 was 23, which includes Deanery Synod reps, Holy Saviour reps, and Clergy. The PCC met six times during 2024 with an average attendance of I l. The PCC is registered.with the Charity Commission, (Registered No. 1134771), and the members of the PCC act as Trustees of the Charity. PAROCHIAL CHURCH COIINCIL OF ST. I￿ARy THE VIRGIN, PONTELAND (Incorporating Holy Saviour Church, Milbourne) 4.0 Committees and Workin Grou The PCC operates through the StaDdinTr Committee and seV￿al sub￿0Up$ that have specific i.oles as desidu ]ated by the PCC. Standin Committee- this is the oidy committee required by law. It has powei. to transact the busiiiess of tbe PCC between ineetillgs subiect to anv directions oiven b￿.the PC.C. The coinmittee comi)rises of the Incumbent, the Church Wardens, the PCC. secretary. and the Treasurer. The standmg cO￿nittee did not ineet in 2024. Sub ou Financial alld Charitable Giving - coordinated by Mr Clive Ringrose PropetyJMaintenance - cooi'dinated by Mi. David Buder I'dino - co(Jrdinated hv Mr.$ R()semArv Rhndeq Milbourne - coordinated by Mr Brian Hendei'son 5.0 Church Attendance A total of 192 parishioners were reglstered at the end of April 2024. Attendance figwes durlng the yeai continued the rise seen in previous years. Tlie aveiage week in Octol)ei attendance was 156 (20?3. 127.. 2022: 118). The avernEe swidav attendance in the vear was 103 (2023, 90: 2022 80). Attendance also ll￿reased at E&8teT. witli 185 attel1dll￿ tlie churches oll Easter Eve and Eastei" Day, (2023. 163.. 2022. 142). At Christn￿S nearly 900 attended church on Christhias Eve and Christmas Day. In addition, iiearly 1,000 attended tlie ChTistsnas Seivices tliat were held for tkie Scouts, Pele TrusL schools and Liglit of a Lrfe. Occasional scrvlces: There were 28(25) baptisms and 7(6) mauiages, 21(26) funerals. pli￿ 13 ciematorium services (figures in brackets refer to 202i). 6.0 Review of the ear After 20 Vears as pIiest and deacoTr Rev Canon Christtne BrOTh￿ retired. Over many vears she has been a wonderfid resource. guide and pastor. both within this Paris11. but also the Deanery. Diocese and bevond. Revd Paid and Revd Rosemarv have taken on hei resDollsibdities and liave conlillued to develop pastoral contacts Thith Ponteland's Residei)tiaI Centsrs. There has beeii increasing demand fnr Hnme e.nTnTniinTnns nthpr na.stnral viqits hAd he.en mAae tn hnme.s And hn.qnitAI.s. -RP.￿a_R_o1p.M￿rv,< knit 211_a r..li%t !?rniin th_nve:q ghe. entFa¢TP.< Witli the. ol_dp.r trp:np.rAtinn. .Re.v_Pai!I focused on school visits, and welcoming ￿OlipS into the church. Contact lias been developed with the VUL of the inside of the caitre. Fundraising was started to repla￿ the window4 and woiL is expected to be cupbo&'ds being instatled underthe staiis in the choirvesty. The chuTcJI's PC. and laptops weie replaced wittl llew macllxnes. i'lley were irttegtateti inio one i)usilless c(l￿p￿re[ systellt. l ll¢ ¢iIUll ODiainea riieiy new choll robes. The bli1¢ rolour tepresenting the Church's linL- with Mary: the mother of Jesus. Thallks are also extended to our administrator Ruth for beuig ever helpfllL and to Alison wlio continues to produce the interesting and In£(￿atiVe Grapeville every month. PAROCHIAL CHURCH COUNCIL OF ST. MARY THE VIRGIN, PONTELAND (Incorporating Holy Saviour Church, Milbourne) Annual reporr lor Tne year ertuea ii Decemoer £v£4 jconiinueaj 7.0 If'inancial Summa Sllnlln The PCC'S unrestricted income rose between 20?3 ￿ld 2024 by£3.659 to £154,608. In the same period the unrestricted expenditure dropped by £18,656 to £148,982. This mea]it that the PCC had a surplus of inconie over expenditure in 2024 of £5,626. ul￿estrIcted lllcome The main item of iIicome is Planned Gyving. hi 2024 the PCC iEceived £65,642. this was a falI of £),498, 01. 5% from ?02J. Open plate collections at £14.105 W￿.e up by £829, or 6%. This is the follrtli consecutive year for which plate collectioiis have risell. Tlie Contsctless machine raised £2:961. most of its use was at baptisms, but there were regular contributions throughout the week from visitors. Gifts via the contactless machine l'ose by £849 and provides a steady and increasiJJg So1￿Ce of incorne. Tlie Gift Aid collected was down. in line with the drop in Planned Giving to £19,858 but Temains a siguificant source of income for the PCC. The incoine from hiring out the Parish Centre was £22,911. this was an increase of £4,629 on 2023. Tlie use of the PaTiSh Centre is lllgl which reflects tlie good facilitses tIMt the ceiitre provides. T.hp intp.rpst rpr.eiMèa fi..nm L4pnngitr<.inrY.e.A.Fed. qjooifjr.9lltjv frn nwty..S.? nnfl Thig.w9.o.dJ.Ip fro.thp. hi inteTest rates and the higher-Ievel reserves because of the legacy received in ?022. Ullrestiicted Ex enditure VVV vtr￿) VY the Diocese for 2024. Ill 2024 the Pcc's filiances were better th￿] had been projected ￿ld a fI￿TTe of ZOQ,VVU Vdlu. Expenditure on running and rnaintaining the churches was up by £5:080. This was mainly due to the inci'ease(L niei Losis, iii Ljeceniuer aioIie ttie cosi or sras 10 neaL Ji Jviary- s was Xi,))Z. Histoi'ically the Musical DiiectOT'S Costs h&ve beell illcliided in the Churches iunning and maintenance, aiMi ri￿ aan]iillstrator"s salary wa.s spilt i)etweeii tile Parisn ienrre cosrs aiia aaininish?non. in 2Vi4 these costs has been reported separately. In 2024 the chirrches nllming and n}￿ntenanCe. wjllch Jncludes £6.700 tor msurance wa5 £25,010. I lic utility costs increased by £4,200. This was ali illcrease of 300/0 OV￿ 2023. is largely attributable to the ending of tlie advantageous deal tbat the PCC had for its gas ￿ld electricity in 2023. Thp. njnnino an.d_ niaintevance. of tbe Pansb feA)Jtp. 4.16,36? It is diffic.jjlt to rom.narp thp expenditllre ill 2024 with 2023 because of the significant llnproV￿llellts that wei"e madc to the Pwish Centre iii 2023. LOOkll￿ back to 2022 tlie expenditllre shows a STr￿11 illctease, I￿gelY due to increased fueI costs. Restricted Income Tkh DOC rece"-' towards tlie replacing of the windows in the P￿iSh Centre and will be spent in 2025. £4,189 was collected at special services including funerals and weddings. This money was paid to the nomillated ch￿ltieS. Ovct £4,000 was given by members of the churC1￿S to sw)port Eric and Sandra Read in the Philippines. £14.208 was received at funerals and weddings to pay the Diocesan fees, and services provided such as the oi'gauists aud bell Llllgeis Restrictea ttx £21,300 was spent on numeroiis small projects in the Parish. The largest items w¢i"e" £4,200 to i'epIace die parisli's inalll Colllpllter aii(i laptops. *4,000 to Tepiace the CupbO￿.dS lli St ￿lary'S vestiies: aii(i £6.000 was spent completi￿0 tlie repau's needed on the Parish Centt"e. PAROCHIAL CHURCH COUNCIL OF ST. MARY THE VIRGIN, PONTELAND (Incorporating Holy Saviour Church, Milbourne) Annual report for the year ended 31 December 2024 (continued) 7.0 Financial Sunjma Desi nated Reserves The PCC ledes1￿1ated £20,000 of the reserves designated to the l*lall￿e project to geiieral Teserves. This was to i'eplace money spellt in 2023 on the Parisli Ceiitre. continued 8.v Keserves Since 2013 the PC.C hds had d Reserves Poli¢y b&sed ou Church of EI￿land ￿lida11¢C iiotes. The policy of the PCC is to maFlltain its reserves equal to at least three montlis expenditure. In 2024 this was £40,000. At the end of 2024 the General Reserves were £164,744. Tlie designated ieserves to the M￿￿.¢ project were £119,347. the designated reseives for 2 Grand Road were £6.J I l. The tree i"eserves were £39,086. 9.0 Risk Mana ement The PCC is iindei. an oblifJation to Consid￿"Inal0i. i'isk-s to which St Marv's mav be exposed &id sv%tems are in place to ininimize such iisks. Our Safeguarding PoIi¢y is in line with the CU￿ent procedures set out bv the Diocese. The insin.￿iCe polic! for the clnllclies provides cover for tlie billldings: contents: and thii'd-paty claims. 10.0 Le al and Administration Information P￿0chIal NaEne: P￿lS11 Church of St Mary the virgi￿ North Roa(L Pontel&i(L NE20 9NU Tel 01661824470 Bankers: sant￿]der aud Lloyds Bank PLC IndepetLdent examinet.. Stephenson Coates Audit Limited 11.0 Statement of members, res onsibilities The M¢￿berS of the PCC are i"equired by the Church Accouiiting Re￿lIatiOnS 2006 to prep￿.C fmancial statements for eacli finallcial vear which 2ive a true and fait view of tlie state of affaiis of the PCC as at the end of the fmancial ye￿. alld of the surpIus or defjcit foi. the year. In preparing those fiiwicial statement.q: the. truqtee8 are required to.. SeIect suitable accounting policies and then apply tliem consisteiitly. State whether applicable accountillg standards have been followed and whether the fmanci statements have been prepared in accordance with the Statement of Recommended PTactice applic..8hle. to c.baritie.q prey.4ring th¢ir ac.coi3ntS iTJ ar,c.ordg.or.e. with tbe. FiDAJic.ial Rennft.in Stand￿'d applicable in the UK and Republic of Ireland (FILS 102). Use the going concern i)asis ot accounb'ng unless they iJrten(i to liquidate tile PLL or to cease op￿allonS, oi Iwve iio realistic altaiiative but to do so. The members are I'esponsible for keeping adequate acrountin£ records which disclose with Teasonable accuracy at any time the financial position of the PCC and which enable them to ascertain its fmancial position and to ensure that the fillancial ststemfflits cO￿PIY wi.th the Charities Act 201 l and the Church Accounting Rcgulations 2006. They are also responsible for safeguaTding the assets of the PCC and hence for taknng reasonable steps for the prevention and detection of fraud and other i￿egUla11ties. Signed on behalf of the tsustees Rev'd Captain Paul Allinson PCC Secretary 18 March 2025 P_AROCHIthL CHURCH CO15NCIL OF ST M_ARV THE !IRC.I.N, PO.NTFLA.WD (Incorporating Holy Saviour Church, Milbourne) Anaependent L.iaminers' Report to the P.C.L. 01 St. iary the -virgin, Ponteland l ieport to die members on my c￿ll]natiOn of the accounts of the P.C.C. of St. Mary the Virgi Ponteland for the year ellded J l December 2024, which are set out on pages 7 to 14. Responsi-Dilities ana basis of report As the memi)ers of ttie VLC you are responsiDIe for ttie prepardtion of the accounts in accor¢iance with the iEquirements of the Charities Act 2011 ('the 2011 Act,). You Lonsider thkt tlie audit requIreM￿ltS ot-section 144 of the 2011 Act do not apply and ttiat an independent exan)ination is required. Having satisfied myself that the accounts are not Itqulled to be auditeQ I report in respect of my examination of the accounts c&iied out under section 145 of the 2011 Act. In carrying out my eX￿nIn￿tiOn I have followed the I)irections do ven by the Charity ComInission imder sectioll 145(5)(b) of tbe 2011 Act. Inuependent examiner's statement I conf￿￿ lI￿t I qUdliiLed to undertske the 'u114niury InLurne Aclniiliesfor generalingfiinLI.s Incomefrom Ip7ve.SlTncJnls IncontLJfrom L'thlrch aclii)jljeJ 107,"190 15,630 4,189 1,710 14,208 4,189 17,462 46,090 15,752 14,404 28,755 4,581 TOTAL INCOME 154,608 39,846 194,454 150,949 37,202 EXPENDITURE Cjiurch aclivilic?s Church AdminiJtrution Property Costs 125,688 21,095 2,199 45,019 170,706 21,095 2.199 152,722 38,734 9,722 5,194 TOTAL EXPENDITURE 148,982 45,OJ 9 194,001 167,638 38,734 NET INCON￿ BEFORE TRANSFERS nROSS -.￿￿sE￿Ils BE7IIIEEN FUNDS NET MOVEMENf OF FUNDS (5,173) 454 (16,689) (1,533) 5,626 (5,17J) 454 (16.689) (1.533) BALANCES BROUGHT FORWARD AT I JAIYUARY 2024 579.117 61.880 640.997 595.806 63,413 BALANCES CARRIED FORWARD AT 31 DECEMBER 2024 584,743 56.707 641,451 579,117 61,880 PAROCHIAL CHURCH COUNCII. OF ST. MARY THE VIRGIN, PONTELAND (Incorporating Holy Saviour Church, Milbourne) BALANCE SHEET AT 31 DEC.Em￿ER 2024 2024 2023 FIXED ASSETS Tangible fixed assets 419,999 419.999 CI]RRENT ASSETS IT]come tax i"ecoverable Othei debtoi's Shoit TeTm deposits C&sli at bank 9.821 1.407 193,428 18,854 ?23,510 10.543 2,881 193,498 16.591 223.513 LLIBILITIES.. AMOUNTS FALLING DUE WITHIN ONE I'EAR Creditois for goods and services (2,058) (2,058) (2.515) (2,515) NET CT.IRRF,NT A%8F.T,S 221_452 220.998 ET ASSETS 641.451 640,997 PARISH FUNDS Unrestricted funds Restricted funds 584,744 56,707 641,451 579,117 61,880 640,997 Registered tharity number: 1134771. The accounis were appioved by Ine farociiial Church Council on L6 Marcn 2025 alld are signed on its behalf by.. REV'D CAPTAIN PAUL ALLINSON Chairperson CLIVE JORDAN Treasurer iL)ty J iqclo CLIVE RINGROSE PCC Accountant PAROCHIAL CHURCH COUNCIL OF ST. ￿Ry THE VIRGIN, PONTELAND (Incorporating Holy Saviour Church, MAlbounie) NOTES TO THE FINANCLiL sTATEIW￿NTs for the year ended 31 December 2024 I AcCOl￿rING POLICIES AccDilllting C.onventiong The PCC is a public benefit entity within tlie meaning of FRS 102. The fin￿l¢la1 statements have been prepared under the ch￿￿￿eS Act 2011 &id iii acCor￿]e¢ with the Chuich Accoiintiiio Re￿lIatIO11S 2006 govenuiigT tltr indiNrydiial accoiiiits of PCC.s, aiid Th'ith tlie Regulatioiis tti]e ￿la ftLiI' view" Dro￿]sIons. tooedier with FRS 102 as the auDlicable acCO￿ltin2 Standards and the 2019 version of the Statetnent of Re¢ommeJidcd Pi'actice. Accounting and Reporting by Charities (SORP (FRS1021). The fiithncial statements have beeii prepared linder die historical cost convention. The fJniJ.iciaJ stO.t¢meJJts are yTesentf.O ,qleiJirJg ono are iniJJ]ded to the. ne.ar&qt £1. Going Concern The members ofthe PCC have prep￿.ed the financial statemellts ontbe basis thatthe PCC is a going CollCe￿ Aft￿ ll￿1￿g reasonable aiquiries, tlie members of tlie PCC have areasoiiable expectation that the PCC has adequate resow'ces to continue ill operatioiial existence for at least 12 inonths from the date of approval of the fmancial statements. Funds Unrestiicted fillids represe1￿ the of tlic P.C.C. that are not subject to ￿lY restrictions reg￿￿'dIng theii" use and ale available for application oil tlie geiieral puwoses of the P.C.C. Restricted fimds are subject to specific trusts as to how they niay be used, which may be decIared bv the donor. but still within the obiects of the Church. Designated filnds are unrestricted ft]nds e&Ynarked by the trLLStees for p&rticular purposes. Income Plaimed giTrryi￿, collections wid donations are recogllised wheu Teceived. Tax refimds are recO￿lsed when the illcon)i1￿ resource to which they ielate is received. Grants and legacies ai"e accounted for when the PCC is legally entitted to the amounts due. AII other income is reco£nised ivhen it is receivable. All incoming res0￿CeS are accounted for gross. Expendlture Grants and donatioiis are accounted for when paid over. or when awarded, rf that awaTd CTeates a binding or constructive obligation on the P.C.C. The Diocesan parisli sliare is accoimted for when due. Amoullts received SDecificallv for n]ission are dealt with as restricted fl￿ds. All other expendits￿e is generally recognised when it is incurred and is accounted for gross. Fixed assets Consecrated and church fwJ)ishin Consecrated and beneficed propety is not included in the financial statements in accordance witb the ChaLities Act 2011. Movable C￿￿'Ch furnishin£s held by tlie Vic& ￿ld Churchwardens on SDecial ttust for the P.C.C. and which reqiLire a faculty for disposal are inalienable property. They have been included in the fiiiancial statements based oil cost, aiid liave be￿1 fillly depreciated. All expenditure incuiTed in the year on consecrated or beneficed buildings and individual items under £3,000 is WTitten off when the asset is acquiiEd. PAROCHIAL CHURCH COUNCIL OF ST. I￿ARy TH.E VIRGIN, PONTELAND (Incorporating Holy Saviour Church, Milbourne) NOTES TO TIIE FINANCIAL STATEMENTS for the year ended 31 December 2024 l AccouiYfiNG POLICIES (continued) Freehold land and buildin Fieehold land and buildings have been included in the financial statanents based on valuations made in the year ended 3 1 Decembei" 2000. It is not anticipated that any diminution in value will occw" in the foieseeable future, therefore no provision for depreciation ILqS been made. Cburch Hall fixtures and office e ment Fixtw"es and office equipment have been illcluded in the financial statements at cos¢ and have been fully depreciated. All expenditLlle oil individual items unda" £J,000 is ThTitten off when the asset is acquired Current assets Amounts owing to tlie P.C.C. as at J l Decernber ni re4)e¢t of incoine tax are showu as debtors. CA4e JeMI- ended 11 Deeew.b& ?094 INCOME TOTAL 2024 2023 Un)'est'(I restricted stricted Restr'd Voluntary Income rianne(l uiving Gift Aid Donations Tax RecoverabIe Other 65,642 19,858 3,500 18,801 1,500 14,419 2,994 126,714 69,140 20,816 3,500 19,858 3,500 14.105 Collections (open Plate) ants Donations, Appeals , etc. LegacAes Sub Total 4,696 1,500 5,415 627 431 876 2.994 106,974 10,215 19,739 107,790 15,630 AL'tivitidgfor generatingfund&" Fundraising Appeals Sub Total 4,189 4.189 4,189 4,189 3,880 Incomefrom invthents Interest Rent - 5,60? 700 9,4iO 15,752 1,710 4,704 700 9,000 .14A04 4.581 Ptuish Celltre Caryark 2 GTaDgc Road 700 9,450 17,462 Sub Total 1,710 4,581 Incomefrom church activities Magazines P￿lSh Centre Lettings Fees Other including sale of books Sub Total 2.540 22.911 6,371 60 31,882 2,540 22,911 20,579 60 46,090 2,738 18,282 7.272 463 28,755 14,208 12,667 444 13,111 TOTAL INCOME 1S4,608 39,846 194,4$4 150,949 37,202 11 PAROCHIAL CHURCH COUNCIL OF ST. MARY THE VIRGIN, PONTELAI (Incorporating Holy Saviour Church, Milbourne) NOTES TO THE FINANCIAL STAT£MENfs (LY)fttinued) Inr ypthr tspdpA 11 ?O?A 3 EXPENDITURE TOTAL 2024 2023 Unrest'd Restr'd restricted stricted Churcli Aclivifies MissionaLy & ch￿lty Giving Overseas CMS Hoine Missions 4.189 4,696 8,885 4,189 6.366 10,555 66.000 3,646 1.568 14.29i 8,034 20,983 3?0 25,216 3,368 3,880 5,296 9,176 1,670 1,670 66,000 3,646 1.568 1,471 1,471 65,132 Diocesan Parish Share Costs ielatingr to Cl￿gY Otliei. Ministty Costs Fees Church activities salaries St Mary's projects Holy Saviour projects Churches n￿￿1￿8 & maintenance P￿1$￿ Magazinc P￿ish Centre TUDJiing & maintenance Restt'icted Donations Othe Sub Total 2,281 12,977 8.034 20,983 320 207 25,010 27,621 i,505 11,973 16,362 16.362 332 49,341 4,000 175 332 125,688 45,019 170,707 152,722 38,735 Church AdminivtraÉion sa1￿7¢s, wages and honoraTia Omce Expenses Sub Total 17,206 17,206 5.737 21,095 21,095 9,722 Property Costs filo TOTAL EXPENDITUR 148,982 45,019 194,001 167.638 38,735 a. Payments to PCC nTembers No p&yments were paid to ally PCC meillbeis, persons closely conllected to tliein or related p￿ties. None of the trustees have been paid any remuneration orreceived any other benefits from the charity. No trustee expenses have been incurred. 12 PAROCHIAL CHURCH COUNCIL OF ST. MARY THE VIRGIN, PONTELAND (Incorporating Holy Saviour Church, Milbourne) ,NOTES TO THE FINL ALNCIAL STA TEIllEi)TS (L'onlinueu) for the ye8r ended 31 December 2024 EXPENDITURE (coniiiiued) b. Staff Costs In 2024 and e￿"lIer vears tbe Director of Miisic s saI￿V and eiDenses wae recorded iu]der Churclies Rwuiino & Maiiiteiwice. and p￿1 of the Adiiiinistrntor s S￿ary and expenses were i'c￿01"ded linder Paiish Centie Running and Maintenance. In 2024 the salaries alld expenses were recorded as sepaiate items. There were tbree ern_ployeeq diiring tbe fmancigl year. The total staff costs were £2fj,254. No employee i'eceived employee benefits of more than £60.000 FIXED ASSETS FOR USE BY THE PCC Freehold land and buildings Church Furnishings Fixtures & Office Equipment Total Tangible (all umestricted) (TROS'S BOOK V"ALUE at 31 DcGcmbcr 2023 and 2024 419,999 97,6ts0 18.136 5J5.735 DEPRECIATION at J l December 202J and 2024 (97,600) (18,136) (115,736) NET BOOK VALUE at 31 December ?023 2024 419,999 419,999 The freeliold land and buildings ¢fflnt)Tise the Church Hall and 2 Gtange Roa(L Ponteland.. Church Hall 2 Grange Road £ 326.999 £ 93,000 The gross book values are b&sed on valuations made ni the year ￿￿ed 31 Deceuiber 2000. UNRESTRICTED FUNDS During tlie fmancial year 2024. £20.000 was taken from the desi￿ated fimd foi tbe Manw¢ project to top up the general reserves. These had been depleted in 2023 to pay for woI"k- on the Parish Centre. At tlie .11 r)e¢ember 2024 tliis designated fi￿ld was £l19;.?4fl. Ollly interest was added to tlie desigllated fimd for 2 Gr￿e Road. At the 31 December 2024 this designated fund was £6,311. 13 PAROCFIIAL CHURCH COUNCIL OF ST. MARY THE VIRGIN, PONTELAND (Incorporating Holy Saviour Church, Milbourne) NOTES TO THE FfNANCL4L STA TENtENfs (cnntinued) for the year ended 31 December 2024 RESTRtCTED FUNDS The rests'icted funds coinprise of St Mary's Refurbisknnait, The Bell Tow￿, Choir & Music, St Matys Guide Books, Youth Work, HOIY Saviour General. HOIY Saviour Churchyatd and Fees. St Mary's Refurbish Bell Tower ment 47.059 14,600 20,908 Fund Movements Choir & Music St Mary's Guide Books Balance at OIIOI/?024 Income Expenditure Balance at J I11212024 3,686 896 215 (207) 904 1.190 75 Youth Work Holy Saviour Getieral 2,406 1,156 Holy Saviour Churchyarii 1,602 450 320 1,732 Balance at 0110112024 Incoine EXpendit￿"e Balance at 3111212024 5,041 (85 4,956 3562 Other Charit41ble Giving Fees TOTAL 2024 Balance at 0110112024 Income Expeiiditure Balance at 31112/2024 61.880 39,846 45,019 56,707 i32 332) 8,885 (8,885 14,207 (14,207) Note.. Charltable Giving includes Collectiolls from Weddings, Funerals. Special Services and donations to CMS. F¥eJ' cullsists of AnUll¢y fiv￿ weddiiigb riuierdlts for or¥dnist, bells