Charity Registration No. 1138070 St MARY'S NEWICK PAROCHIAL CHURCH COUNaL ANNUAL REPORT AND UNAUDITED FINANCIAL sfATEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2024 BUSINESS ADVISORS TC Group One Bell Lane Lewes BN7 IIU
sr MARYS NEWICK PAROCHIAL (JIURCH COUNaL coNrENTS Company inforniation Counal Members, report Irependent e>2minees report Staternent of financial activities io-ii Balan sheet 12 Notes to the finanaal statements 13-26
ST MARY'S NEWICK PAROCHIAL CHURCH COUNCIL
COMPANY INFORMATION
| Council Members | Mr J Fenton-Vince | |
|---|---|---|
| Mr I Reekie | ||
| Ms M Stockwell | ||
| Mr D Cowley | ||
| Mr A Bailey | ||
| Ms A Ford | ||
| Ms l Farmer | ||
| Ms S Fuller | ||
| Ms CSmith | ||
| Mr C Hume | ||
| MrG Clinton | ||
| Mr A Mallinson | ||
| Mr J Burdett | ||
| Ms C Francis | ||
| Mrs P Bailey | ||
| Ms P Mundy | (Appointed 21 April 2024) | |
| Mr R Bellis | (Appointed 21 April 2024) | |
| Charity number | 1138070 | |
| Independent examiner | David Martin FCA | |
| TC Group | ||
| One Bell Lane | ||
| Lewes | ||
| East Sussex | ||
| BN71JU |
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sr MARYS NEWICK PAROCHIAL CHURCH COUNaL COUNaL MEMBEIS. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The council members pent their annual report and financial statements for the year ended 31 December 2024. The h"nanaal statements have been prepared in accordance with the accounting policies set out in note I to the financial 5tstements and comply with the charity's Goveming Document. that being the Church Representation Rules, the Charities Art 2011 and °Accounting and Reporting by Charits"es: Statement of Recommended Prartice applicable to charities preparing their acmunts in accordan with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)° (effective l January 2019). Aim and Purposes St Mary's Parochial Church Council (PCC} has the responsibility of cooperating with the incumbenL the Rewdrend Paul Mundy, in promoting the ecclesiastical parish, and the whole mission of the Church, pastoral, ewdngelistic, 5(Kial and ecumeniol. The PCC is abo specifically resporsible for the Mainteftan of the Churth of St Marfs and 8am Centre. Church Road, Newick. Objertives and activrties The Primary objective of St Marfs Newicvs Church PCC 15 to live out and dedare the Gospel of our Lord Jesus Christ, and to manifest the love of God in the world. according to the thirty-nine articles of Religion and the doctrines and PractiS of the Churth of England. The PCC has the sPOnsIbl11ty of co-operating wÉth the Rector & Incumbent. in promoting in the ecclesiastical parish the whole mission of the Churth: pa5torBI. ewdngelistic. social. and ecumenical following the marks of mission: Tell-Teath-Tend-TransfornFTreasure l. To proclaim the Good News of the fingdom 2. To teach. baptise and nurture new believer5. 3. To respond to hurnan need in loving service and by serving the Common Good. 4. To transforni unjust structures of soaety. to challenge violence of every kind and to pursve peace and reconciliation. 5. To strive to safeguard the integrity of Creation and Sustsin and TheW the life of the earth. Public benefft The counctl members have paid due regard to guidance issued by the charity Commission in deciding what activities the charity should undertake and with regard Public BenefiL Attivities The PCC is registered with the Charity Commission {No 1138070) under the CharTties Act 2011. Its governing document is the Parochial Churth Counci15 {Powers) Measure 1956. Membership is determined under the new Church Representation Rules 2020. Member5htp consists of the Rector. ex- officio members, Churchwardens, Lay Readers, Members of Deanery Synod and up to twefr members of the a)urth who are elected at the Annual Parochial Church meeting (APCM} or later ctropted during the year. St Marfs is the only Churth in Newith We seek to serve villagers of all faiths and none. Our heavily used Church Hall hosts a wide range of village activities. Most members of our fast-growing Newick Youth aub have no formal Church connertion. Our substantial pastoral care provision serves all members of our Newick community. We aspire to help Newick be the best and friendliest village it can be.
ST MARY'S NEWICK PAROCHIAL CHURCH COUNCIL
COUNCIL MEMBERS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance
Significant activities and achievements against objectives
St Mary's offers a range of weekly, monthly, and special services designed to be spiritually fulfilling and beneficial for our community. Our special services included memorial, healing and thanksgiving services which were well supported. In 2023 we offered Worship 2, a fresh expression of worship once a month on Sunday evenings which provides an opportunity for more outgoing worship. This has been very well received and has continued successfully in 2024.
St Mary's plays a central in our community life. Our Church attendance was well maintained in 2024. Regular services took place at St Mary's for BCP Holy Communion, Evensong, and weekly 10am Services, together with Healing and Memorial services, School services in Church and Fresh Expressions of worship in our monthly Worship 2.
The average attendance at services on a normal Sunday at St Mary's averaged sixteen at the 8am and 78 adults and nine young people at the 10 am Service.
Remembrance Day and Remembrance Sunday are important Newick events which are led by our Church in cooperation with other Newick bodies including the highly active Newick bonfire Society. We run an annual service on the Green led by our Rector to observe the one-minute silence at 11.00 am. Over three hundred people attended this service in 2024. Our Remembrance Sunday service filled our Church to capacity with wreaths laid by Newick's various youth groups and community bodies.
During the year in the parish there were 7 Baptisms, 7 Weddings & Blessings and 15 Funerals.
St Mary's is a beautiful building set in an impressive churchyard. A well-used public f o tpath runs through our Churchyard beside the Church building. We work hard to keep our Churchyard attractive and well maintained with good bench provision for visitors. Many Newick residents use it regularly, particularly in the summer months. We held two gardening days which prepared our Church and Churchyard for looking their best throughout the seasons. We have several First World War memorials in our churchyard. In 2024 our Rector led a group of the fathers of our Owls Club children to Normandy on a tour of the battlefields.
Our annual Christmas Tree Festival and market took place in December, which brought members of our congregation and our parish together. The day was full of festive spirit and raised significant funds for both our Church and our local Hospice.
Our parish magazine is distributed free each month to every household within the Parish and is also available in the Church and online via our website. This keeps all our parishioners informed of the important matters and activities within our church. It also details activities taking place within the community - keeping everyone in touch with both church and community life. The magazine provides a valuable opportunity for small businesses in Newick to advertise. Many of these businesses generate a substantial proportion of their turnover through our magazine, which provides significant benefit to both businesses and local customers.
We also provide a weekly e-newsletter detailing parish activities which is widely distributed in our village. Our outward giving group continued to support varying causes during the year, including Family Support Work, Leprosy Mission, Chailey Heritage and Bevern Trust-a local home providing 24/7 care for people with profound disabilities. As part of our outward giving, we continue to support Christian charities both at home and abroad, concentrating on charities for which individual members of our congregation are already working hard and providing financial support.
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ST MARY'S NEWICK PAROCHIAL CHURCH COUNCIL COUNaL MEMBERS. REPORT {coKnNUED) FOR ThIE YEAR ENDED 31 DE(EMBER 2024 The Churth and the Barn Centre Our Church building is in good order. Roots. guttW5. and downpipes a cleared regularly. Our attive Sexton kp5 Church maintenance up to date. We reiVed a favourable rating in our 2023 Quinquennial inspection, and all matters faised are either in hand or cornpleted. Regular Maintenan tasks suth as fire extinguisher ser¥icin& piano tunin& Owdn tuni and blower servidng are carried out under the direttion and supervision of our Sexton who keeps our PCC fully infonmed. Our websits provides access to PCC and ott*r committee minutes together timetsble infoTmat40n and full detsils of parish events. Our Barn Centre is essential to our Church activities and serves a wide Wdriety of other village activittes. It is working to capacity and in need of renovation. Barn Centre and Path Proiert The early stages of our project to neW and extend our Barn Centre and repla our main Church paths continued in 2024. Our paths are old brick laid paths which are uneven, slippery when wet and difficult for wheelchair and other disabled access. Our Bam Centre requires substantial work to address rna1ntenan i55ues and to modemize our toilet facilities and hopefully provide the first Changing Places toilet facility in our village. We also need to extend capacity and modemiTr our catering faalities to 2tst century standardL These are major projects which will require SUtantial fund-raising acbvity. Pastoral Care Wrth some members of our parish unable to attend church due to age, infirmity or sickness, our Reverend Paul Mundy, together wlth our Authortsd Lay Minister (ALM) visit our parishioners to celebrate cwnmunion with them either at their home, In hospital or in a residential home. Our ALM also looks after our Pastoral tearn who are on hand to visit those who a Sick or unable to get out and to help with essential jourrw and keep them in toud) with St Marfs. She maintdins as many connections within the community and often with other Churches as possible and her rote varies from helping individuals to access an assessment re rnobility to helping with a grant application to enable our local Chatterbox room to extend their activities. SupportirE the bereaved and those approathing the end of their lives plays a vital role alongside provision of food to families or older folk. or8anising monthty visits for hyTnns and prayer5 at a local residential home and running our Community Hub which is a welcoming warm space tor member5 of the community while providifE SUPPOrt to the Ukrainian's livi locally. Thi5 ha5 proved hugely 5ucces5ful and indudes a professional specialising in the supp)rt of Ukraine guests visiting weekfy, the problems these people face vary and we h&4e done all we can to assist them. Our Yea at Three" and our lunch dub continue to thrive. providing a warm welcome. good food and company. The Pastoral ca team is up to date with first aid trainin& food preparation. and how to recogniTr signs of abuse with basic safeguarding responsibilities. Where possible older people are ermuraged to attend our cornmunal outreach activities Instead of home visits. as there are significant wellbeing advantages to socializing tsIde the four familiar walls of the home. All activities illustrate that our Church cares for the wider community and these volunteers represent our Churth and the essen of our faith.
sr MARY'S NEWICK PAROCHIAL CHURCH COUNCIL COUNaL MEMBERg REPORT (coffflNUEDJ FOR THE YEAR ENDED31 DECEMBER 2024 Access. inclusion. and reordering As reported last year we identified a need to provide better access to disabled people. particularly those in wheelchairs. We also wanted to make all comers feel induded - it became clear that inclusiveness is as important as access to disabled visitors. We recognised the need to provide more comfortable se*ing for older members. We also need space to enable our important pre and post Servi hospitslity provision to flourish and to enable better hospitality provision at the increasing number of events we are holding in St Marfs. Accordingly. we applied to our Diocese for a Temporary Removal Order ITrO) for several pews. This was agreed by the Diocese and the work was done. It has been an unqualified success and a most important step forrfdard for St Mary's and our congregation. We have applied for a Faculty to make this work pemanent. Youth Work Our Youth Work continued to grow strongly in 2024. This is a major area of our outreach to children and young families. Our Owls Club serves children of primary School age. They meet On a month with their farnilies attending services and in other weeks, they partiapate in other activities induding our Newick Youth Choir. We have a team of four DBS helpers most month5, enabling splitting into two groups when numbers increase. The average number during the first half of the year was six and this rose to eleven from July onwards. The families of Ow15 enjoyed a Picnic on the village King George Recreation Ground in August. They also had an invitstion to join the Churchyard Gardening Days, Harvest Lunch. the Christmas Eve NativÈty Service and the ReMernbran Sunday Servi. These were well received. and some norFthurd) families also attended. At Easter, Cmils leaders offered a Bible Society Easter trail outside the Church for families and children, which ran on Easter Sunday and was attended by over 90 d)ildren with their families. Great fun and well appreciated. In October 2024 we started the Owlets Club. This is a parent and babies/tots group which runs every Monday during terni time. An average of six children with their parents have been attending and it is hoped to increase this number over time. In Newick Primary School, assemblies continued as a routine on Wednesday mornings. With a style of assembly to mimic a Church service and teach the children the Lord's Prayer. The assembly routinely has a covered table set up with a cross l Holy Trinity candle / Bible to remÈnd the children of the symbolism of the Christian faith. The primary school has regular termly services in the Church with some over 250 children attending together with over one hundred teachers and parents. The atmosphere is wonderful. The Leavers, Service at the end of the school year when the year 6 class was presented with bibles and farewelled was particularly noteworthy. We run two clubs for secondary school children on Wednesday evening during temi time. NYC (Newick Youth Clubl serves year 7 and 8 young people with a regular attendance of 30+. We have several young leaders who help, some of whom are doing their Duke of Edinburgh and using this work 35 their volunteering. This has helped us shape future leaders. As we started our new academic year in September 2024. We saw an increased regular attendance of some 35 young people each weeL The children come from Newick and surrounding areas. The majority have no fonnal Church connection. Our youth work is part of our outreach and service to our village. NCT (Newick & Chailey Together) - is our year 8+ youth group with over 30 young people attending each week during term tirne. The group enjoys a wide range of artivities. Our summer program of outdoor activities on the village recreation ground is 3 popular highlight and included a welltaattended barbecue for members and their families. We finished our year off wtth over 60 Young people and parents partaking in a quiz about Christmas, hearing about the true meaning of Christmas and May Camp 2024.
ST MARV'S NEWICK PAROCHIAL CHURCH COUNCIL
COUNCIL MEMBERS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
In 2023, for the first time our youth worker Lee had organized a lunchtime Club at our local Chailey Secondary School - it was a great success and continued in 2024. We again welcomed Chailey School to an evening Christmas service of lessons and carol in December. The school orchestra played beautifully, the evening was a great success, and the school has already booked a repeat for 2025.
The highlight of our youth work year is May Camp. 30 of our young people attended in 2024. The camp is a Diocesan organized three-day event under canvas in May each year at Plumpton racecourse for several hundred young people from the Diocese. There is a wide range of leisure and sporting activities. Evening worship and social activities provide opportunity to encounter God through worship, talks and prayer. Everyone joins in and the atmosphere is wonderful. God in action. It is notable and rather wonderful that this seems to apply to all our young people who attend, although many of them have no formal Church connection.
The progress of our youth work continues to be both a joy and a blessing and bodes well for the future. Our Rector Paul, youth worker Lee and their enthusiastic team of wonderful young assistants do a truly marvellous job, as have our dedicated team who lead our Owls Group and Youth Choir. They have all earned our heartfelt thanks and appreciation.
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ST MARY'S NEWICK PAROCHIAL CHURCH COUNCIL
COUNCIL MEMBERS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Financial review
2024 was another challenging year for St Mary's.
We started the year with funds in hand of £105,261 and finished the year with funds in hand of £112,548. The surplus was £7,287 and was added to reserves. Whilst in surplus we must work towards a better financial result.
One significant bright spot in 2024 was that our income from Donations and Legacies rose some 6.8% during the year, an excellent result. This supported a substantial increase in our activities on youth work and all areas of our mission during the year.
This increase in our giving, and in the general level of our activities is pleasing evidence of the continuing progress of St Mary's under the dynamic and energetic leadership of our Rector Rev Paul Mundy.
We have continued to keep fully up to date with maintenance on our beautiful but demanding Church and Barn Centre. We have also progressed our preparatory work for our Barn Centre and path projects.
Two generous legacies are the rock on which our activity depends. The Lacey Bequest of £36,681 and the Manvel! Bequest of £36,759 have been vital in underwriting our growing activities. Without these legacies our major initiatives in youth work, our youth choir, and making our magazine free to all in the village would have been impossible.
Legacies past and future will remain vitally important to the future of St Mary's.
Reserves policy
Our reserves policy is under review. Our expenditure is increasing as we widen the scope of our activities, and we lifted our General Fund reserve to £16k at the end of 2024 {2023: £12k). We aspire to transfer £5,000 each year between quinquennial inspections to our designated Fabric Fund recognizing that our ancient Church requires significant ongoing maintenance, much of which is recognized and triggered at quinquennial inspections.
Structure, governance and management
The tnethod of appointment of PCC members is set out in the Church Representation Rules. At St Mary's the membership of the PCC consists of the incumbent (our Vicar), churchwardens, our readers and those members of the congregation who are on the electoral roll of the church. All those who attend our services and are members of our congregation are encouraged to register on the Electoral Roll and stand for election to the PCC.
The PCC members are responsible for making decisions on all matters of general concern and importance to the parish, including deciding on how the funds of the PCC are to be spent. Members receive initial training into the workings of the PCC.
St Mary's is fortunate to have a strong and active PCC. All major activities and responsibilities are covered by designated members and sub-committees. Essential work on key areas such as risk assessment and management, safeguarding, health and safety, built environment maintenance and financial management and planning are well covered and reported in our PCC minutes. Our PCC pays full attention to the business of our Church in terms of administration, cooperation with our Diocese, worship, prayer, pastoral care and our vital and expanding Youth Work provision.
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ST MARY'S NEWICK PAROCHIAL CHURCH COUNCIL
COUNCIL MEMBERS' REPORT {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2024
The council members who served during the year and up to the date of signature of the financial statements were: Mr J Fenton-Vince
Mr I Reekie Ms M Stockwell Mr D Cowley Mr A Bailey Ms A Ford Ms L Farmer Ms S Fuller MsCSmith Mr C Hume Mr G Clinton Mr A Mallinson Mr J Burdett Ms C Francis Mrs P Bailey Ms P Mundy (Appointed 21 April 2024) Mr R Bellis (Appointed 21 April 2024)
We would like to thank all those in our Pastoral team supporting Patsy our ALM, our Verger Rebecca and the wonderful ladies who help to make all the events held throughout so hospitable to all, our tireless Church Administrator Sara and our Youth workers who have provided a great year of mission and support to our up-and coming future congregation and church leaders.
The council members' report was approved by the Board of Council Members.
,,--0,-. . . ..J,1 ....v ,H:., rA
Mr C Hume
Trustee
19 March 2025
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ST MARVS NEWICK PAROCHIAL CHURCH COUNaL INDEPENDErir EXAMINER'S REpoKr TO THE COUNaL MEMBERS OF MARYS NEWICK PAROCHIAL CHURCH COUNaL I report to the council member5 on my examination of the financial ststements of St Mary's Newick Parochial Church Council (the tharity) for the year ended 31 December 2024. Re¥)onsibilities and basis of report As the council members of the charity you a responsible for the preparation of the finanaal statements in accordance with the requirements of the Charities Art 2011 (the 2011 Act). I report in respert of my examination of the thariV5 financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Dirertions given ty the Charity Commi$5ion under settion 145(5){bl of the 2011 ACL Independent examinerfs statement Your attention is drawn to the fact that the charity has prepared financial ststements in accordance with Accounting and Reporting by Charities pparing their accounts in accordance with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charitie5'. Statement of Recommended practi issued on l April 2005 whidi is referred to in the extsnt regulations but ha5 now been wtthdrdwn. l undetstand that this has been done in order foT finanaal Statements to provTde a true and fair view in accordance with Generally Accepted Accounting Prartice effectNe for reporting periods beginning on or after I January 2015. I have completed my examination. I confirm that no matters have come to my attention in connectton with the xamination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or the financial statements do not accord with those records: or the financial ststements do not comply with the applicable requirements conceming the form and content of accounts set out in the Charities {Accounts and Reports) ReEulations 2008 other than any requirement that the accounts gÈve a true and frdir 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 finanaal Statements to be reached. David Martin FCA TC Group One Bell Lane Lewes East Sussex BN7 IIU Dated: 19 Marth 2025
sr MARYS NEWICK PAROCHIAL CHURCH COUNCIL srATEMENT OF FINANCIAL AcnvmES INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR EAIDED 31 DECEMBER2024 Current financial year Unrethicted Unrestricted Restricted funds funds funds general designated Z024 2024 Total Total 2024 2024 2023 Note5 Income and endowments from: Donations and legacies Charitable artivities Investments Other income 153,212 29,048 3,475 50 8,811 1,841 162,023 41.603 3.475 1,875 151.590 34.571 4.183 869 10.714 1.825 Total income 185.785 12539 10.652 208.976 191.213 Expenditure on: Charitable activities 169.723 15,366 16.600 201,689 196.223 Totsl expenditure 169.723 15,366 16,600 201,689 196,223 Net income/(expenditure} 16,062 (2,827} {5,9481 7,287 (5,0101 Transfers between funds {11.801) 6.960 4,841 Net movement in funds 4,261 4,133 {1.107) 7.287 {5.0101 Reconciliation of funds: Fund balances at ljanuary 2024 12215 79.925 13,121 105,261 110,271 Fund balances at 31 December 2024 16.476 84,058 12,014 112,548 105.261 The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 10-
sr MARVS NEWICK PAROCHIAL CHURCH COUNCIL 5fATEMENT OF FINANCIAL AcmimES {coNnNUED) INCLUDING INCOME AND EXPENDtruRE ACCOUNT FOR ThIE YEAR ENDED 31 DEMBER 2024 Prior financial year Unrestricted Unrestricted Restrlcted funds fvnds fund5 neral deslgnated 2023 2023 Totsl 2023 2023 Notes Income and endowments from: Donations and legacses Charitable activities Investments Other income 954 18.527 300 151,590 34,571 4,183 869 26.080 4.183 8,191 367 502 Total income 162372 9,512 19,329 191.213 Charitable attivities 153.992 35,686 6,545 196,223 Total expenditure 153.992 35,686 6.545 196.223 Net income/(expenditure) 8.380 (26.174) 12,784 (5,010) Transfers between funds (28.242) 27,905 337 Net movement in funds (19,862) 1,731 13.121 {5,010) Reconaliation of funds: Fund balanS at ljanuary 2023 32.077 78.194 110,271 Fund balances at 31 Dmber 2023 12,215 79,925 13.121 105,261 11
ST MARY'S NEWICK PAROCHIAL CHURCH COUNCIL
BALANCE SHEET
AS AT 31 DECEMB R 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Current assets | |||||
| Debtors | 12 | 1,753 | 4,745 | ||
| Cash at bank and in hand | 125,602 | 112,358 | |||
| 127,355 | 117,103 | ||||
| Creditors: amounts falling due within one year |
13 | (14,807) | (11,842) | ||
| Net current assets | 112,548 | 105,261 | |||
| The funds of the charity | |||||
| Restricted income funds | 14 | 12,014 | 13,121 | ||
| Unrestricted funds - general | 16 | 16,476 | 12,215 | ||
| Unrestricted funds - desigr:iated | 15 | 84,058 | 79,925 | ||
| 112,548 | 105,261 |
The financial statements were approved by the council members on 19 March 2025
et- ,, 1 ,,._
Mr C Hume Trustee
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ST MARV'S NEWICK PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
Charity information
St Mary's Newick Parochial Church Council is a Church of England Parish in Newick, East Sussex.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102"} and the Charities SORP "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 charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements 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 Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest£.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the council members have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the council members continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the council members in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
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sr MARfS NEWICK PAROCHIAL CHURCH COUNCIL NOTESTO THE FINANCIAL sfATEMEKrs IcotinNUED) FOR ThE YEAR ENDED31 DEBER 2024 AcLThinting polides (Contlnued) Cash donations are recogned on receipt. Other donations are recognised once the charity has been notified of the donation, unless perf0rrnan conditions require deferral of the amount. Income tax recoverdble in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legaaes are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt ts experted. If the amount 15 not known, the legacy is treated as a contin8ent asset. 1.5 Expenditure Expenditure is recognised once there is a leKal or constructrie obligation to transfer econornic benefft 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 rneasured reliabty. Expenditure is dassified by activTty. The costs of each artivity a made up of the total of direct costs and shared costs, including support costs involved in undertaking each actmty. Dirert costs attributable to a single activity are allocated dlrertly to that activity. Shared costs which contribute to more than one activity and support Costs whith a not attributsble to a single actsvity are apportioned betw*n those activities on a basis consistent with the use of resources. Central staff costs a allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's Use. 1.6 Tangible fixed assets Tangible fixed assets a initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less thetr residual values over their useful lives on the followlng bases: Audio and Nqsual equipmerrt 25% reducing balan The gain or Ioss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recwised in the statement of financial actlvities. 1.7 Cash and cash equivalents Cash and cash equivalents indude cash in hané. deposits held at call with banks, other short-temi liquid tnvestments with original maturities of three months or less, and bank overdraft5. Bank overdrafts are shown within borrowings in current liabilitie 14-
ST MARY'S NEwia( PAROCHIAL CHURCH COUNaL NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDJ FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting polkies (Continued) 1.8 Financial instruments The charity has elected to appty the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issue5. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the thaiity's balan sheet when the charity becomes party to the contrdttual provisions of the instrument Flnancial assets and liabilities are offset. with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to aliSe the asset and settle the liability simuftaneousty. 805icfinanaolossets Basic financial assets, whith indude debtors and (ash and bank balances. are initially measured at transaction price including transattion costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present Wdlue of the future receipts discounted at a market rate of interest. Financial ssets dassified as re1vable within one year are not amortised. Basicfinoncial liobilitie5 Basic financial liabilities. induthing creditors and bank loans are initially recognised at transaction price unless the arrdngernent constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Finanaal liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obli8ations to pay for goods or servios that have been acquired in the ordinary coutse of operations from suppliers. Amounts payable are dassified as current liabilitie5 if payment is due within one year or less. If not. they are presented as non-current liabilities. Trade creditots are recognised initially at tsansaction prio and subsequently measured at amortised cost using the effective interest method. Derecognition offinancial liabilitie5 Financial liabilities are defeCognd when the charivs contractual obligations expire or are discharged or caft11ed. 15-
ST MARY'S NEWICK PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED FOR fHE YEAR ENDED 31 DECEMBER 2024 Income from donatlons and le8a¢les Unrestrlcted Unrestrlcted Restrlcled funds funds funds 8eneral desl8nated 2024 2024 Total Unrestrlcted Unrestrlcted Restrlcted funds funds funds general deslgnated 2023 2023 Total 2024 2024 2Q23 2023 Donatlon5 and glfts Legacles 144,451 8,761 8,811 153,262 8,761 131,109 1,000 954 18,527 150,590 1,000 153,212 8,811 162,023 132,109 9S4 18,527 151,590 16
ST MARY'S NEWICK PAROCHIALCHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from charltable actlvltles Unrestrlcted Unrestrlcted Restilcted funds funds funds general deslgnated 2024 2024 Total Unrestrlcted Unrestrlcted Restrlcted funds funds funds general deslgnated 2023 2023 Total 2024 2024 2023 2023 Income from charltable actlvltles Servlces provlded under contract 16,089 10,714 1,841 28,644 9,572 8,191 300 18,063 Other tradlng actlvltles . Magazlne & Jookstall Other Income 12,959 12,959 16,508 16,508 29,048 10,714 1,841 41,603 26,080 8,191 300 34,571 17-
ST MARVS NEWICK PAROCHIALCHURCH COUNaL NOTES TO THE FINANaAL sfATEMENTS (coKnNUED) FOR THE YEAR ENDED 31 DECEMBER2024 Income from irniestments Unrestricted Unrestricted funds funds 2024 2023 Other income 3.475 4.183 18-
ST MARY'S NEWICK PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL sfATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Other Income Unrestrlcted Unrestrlcted Restrlcted funds funds funds general deslgnated 2024 2024 Total Unrestrlcted Unrestrlcted Restrl¢ted funds funds fund$ general deslgnatéd 2023 2023 Total 2024 2024 2023 2023 Other Income 50 1,825 1,875 367 502 869 19-
sr MARYS NEWICK PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DE(EMBER 2024 Expendlture on tharitsble artivities Unrestricted Unrestrirted funds funds 2023 2024 Direct costs Staff costs Mission, Evangelism & Pastornl Rectory expenses Parish share LiRht & Heat Insurance Rates Church repaTrs PPS & Telephone Administrative expenses Magazine expenses 18.082 58,753 5.190 71,352 7,946 4,025 3,979 12,310 502 3,006 15,014 19.701 55,539 2.206 68,668 10.462 3,921 3,551 14,650 469 757 14,704 200,159 194,628 Share of sUPPOrt and gernan costs (see note 7) Govemance 1,530 1,595 201,689 196,223 Analysis by fund Unrestricted funds- general Unrestricted funds - designated Restricted funds 169.723 15,366 16,600 153,992 35,686 6,545 201.689 196,223 Support costs altocated to activitses 2024 2023 Governance costs 1.530 1.595 Analvsed between: Unrestricted funds 1,530 1.595 Governance costs includes the Independent Examinefs fee of £l,53012023: £1595) -20-
ST MARV'S NEWICK PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
| 8 | Net movement in funds | 2024 | 2023 |
|---|---|---|---|
| ££ | ££ | ||
| The net movement in funds is stated after charging/(crediting): | |||
| Fees payable for the independent examination of the charity's financial | |||
| statements | 1,530 | 1,595 | |
| --- |
9 Council Members
None of the council members (or any persons connected with them) received any remuneration or benefits from the charity during the year.
During the year, 1 trustee was paid £5,172.50 as Organist, 1 trustee was paid £6,126.80 as Parish Administrator, 1 trustee received a stipend of £750 for services as Sexton, and another trustee was paid £800 for running Dancing for Fun and Fitness in 2024. This was not remuneration for their acting as Trustees.
10 Employees
The average monthly number of employees during the year was:
| 2024 | 2023 | |
|---|---|---|
| Number | Number | |
| 7 | 6 | |
| --- | -- | |
| Employment costs | 2024 | 2023 |
| £ £ |
||
| Wages and salaries | 14,463 | 15,971 |
| Social security costs | 3,619 | 3,730 |
| 18,082 | 19,701 | |
| --- | --- |
There were no employees whose annual remuneration was more than £60,000.
11 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
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ST MARY'S NEWICK PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
| 12 | Debtors | ||
|---|---|---|---|
| 2024 | 2023 | ||
| Amounts falling due within one year: | |||
| £ | £ | ||
| Trade debtors | 3,586 | ||
| Other debtors | 1,753 | 1,159 | |
| -- | -- | ||
| 1,753 | 4,745 | ||
| -- | -- | ||
| 13 | |||
| Creditors: amounts falling due within one year | |||
| 2024 | 2023 | ||
| £ | £ | ||
| Trade creditors | 10,988 | 10,522 | |
| Accruals and deferred income | 3,819 | 1,320 | |
| -- | -- | ||
| 14,807 | 11,842 | ||
| -- | -- |
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FOR THE YEAR ENDED 31 DECEMBER 2024
ST MARY'S NEWICK PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
14 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| At !January | Incoming | Resources | Transfers | At31 | |
|---|---|---|---|---|---|
| 2024 | resources | expended | December | ||
| 2024 | |||||
| £ | £ | £ | £ | £ | |
| Dance for Fun and Fitness | (227) | (1,335} | 1,562 | ||
| Flower Fund | 367 | 495 | (900) | 38 | |
| Pastoral Care | (2,568) | 1,588 | (2,261} | 3,241 | |
| Youth Fund | 15,549 | 8,569 | (12,104} | 12,014 | |
| 13,121 | 10,652 | (16,600} | 4,841 | 12,014 | |
| -- | -- | -- | -- | -- | |
| Previous year: | At !January 2023 |
Incoming resources |
Resources expended |
Transfers | At31 December |
| 2023 | |||||
| £ | £ | £ | £ | £ | |
| Dance for Fun and Fitness | 573 | (800) | (227) | ||
| Flower Fund | 30 | 337 | 367 | ||
| Pastoral Care | 846 | (3,414) | (2,568) | ||
| Youth Fund | 17,880 | (2,331) | 15,549 | ||
| 19,329 | 6,545 | 337 | 13,121 | ||
| -- | -- | -- | -- | -- |
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ST MARY'S NEWICK PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2024
15 Unrestricted funds - designated
These are unrestricted funds which are material to the charity's activities.
| At 1 January | Incoming | Resources | Transfers | At31 | |
|---|---|---|---|---|---|
| 2024 | resources | expended | December | ||
| 2024 | |||||
| £ | £ | £ | £ | £ | |
| Barn | 9,852 | (6,644) | 3,208 | ||
| Dance for Fun and Fitness | 4,598 | 1,825 | (600) | (1,562) | 4,261 |
| Fabric Fund | 16,527 | 5,000 | 21,527 | ||
| Flower Fund | 966 | (38) | 928 | ||
| Lacey Bequest | 11,681 | 11,681 | |||
| Manvel! Bequest | 36,759 | 36,759 | |||
| Pastoral Care | 9,394 | (459) | {3,241) | 5,694 | |
| Youth Fund | 862 | (7,663) | 6,801 | ||
| 79,925 | 12,539 | (15,366) | 6,960 | 84,058 | |
| -- | -- | -- | -- | -- | |
| Previous year: | At lJanuary | Incoming | Resources | Transfers | At31 |
| 2023 | resources | expended | December | ||
| 2023 | |||||
| £ | £ | £ | £ | £ | |
| Barn | (2,451) | 8,191 | (14,333) | 8,593 | |
| Dance for Fun and Fitness | 4,831 | 367 | (600) | 4,598 | |
| Fabric Fund | 11,527 | 5,000 | 16,527 | ||
| Flower Fund | 1,466 | (500) | 966 | ||
| Lacey Bequest | 11,681 | 11,681 | |||
| Manvel! Bequest | 36,759 | 36,759 | |||
| Pastoral Care | 9,706 | (312) | 9,394 | ||
| Youth Fund | 4,675 | 954 | (19,941) | 14,312 | |
| 78,194 | 9,512 | (35,686) | 27,905 | 79,925 | |
| -- | -- | -- | -- | -- |
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ST MARY'S NEWICK PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
16 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At !January | Incoming | Resources | Transfers | At31 | |
|---|---|---|---|---|---|
| 2024 | resources | expended | December | ||
| 2024 | |||||
| £ | £ | £ | £ | £ | |
| General funds | 12,215 | 185,785 | (169,723) | {6,801) | 21,476 |
| General funds | (5,000) | (5,000) | |||
| 12,215 | 185,785 | (169,723) | (11,801) | 16,476 | |
| Previous year: | At !January | Incoming | Resources | Transfers | At31 |
| 2023 | resources | expended | December | ||
| 2023 | |||||
| £ | £ | £ | £ | £ | |
| General funds | 32,077 | 162,372 | (153,992) | (28,242) | 12,215 |
17 Analysis of net assets between funds
| Unrestricted | Unrestricted | Restricted | Total | |
|---|---|---|---|---|
| funds | funds | funds | ||
| general | designated | |||
| 2024 | 2024 | 2024 | 2024 | |
| £ | £ | £ | £ | |
| At 31 December 2024: | ||||
| Current assets/(liabilities) | 16,476 | 84,058 | 12,014 | 112,548 |
| 16,476 | 84,058 | 12,014 | 112,548 |
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ST MARY'S NEWICK PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
| **17 ** | Analysis of net assets between funds | (Continued) | |||
|---|---|---|---|---|---|
| Unrestricted | Unrestricted | Restricted | Total | ||
| funds | funds | funds | |||
| general | designated | ||||
| 2023 | 2023 | 2023 | 2023 | ||
| £ | £ | £ | £ | ||
| At 31 December 2023: | |||||
| Current assets/(liabilities) | 12,215 | 79,925 | 13,121 | 105,261 | |
| 12,215 | 79,925 | 13,121 | 105,261 |
18 Related party transactions
During the year a family member of a PCC member was paid £550 for operating the AV equipment at the church, another family member of a PCC member received a stipend of £750 for services as the Verger and another family member of a PCC member was paid £1,743.52 for Youthwork in 2024.
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