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||
- 1 -
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.
-3-
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.
-6-
## **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.
-7-
## **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
-8-
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**
-12-
## **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.
**-13-**
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.
- 21 -
## **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|
|||--|--|
-22-
_**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|
||--|--|--|--|--|
- 23-
## **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|
||--|--|--|--|--|
-24-
## **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|
- 25-
## **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.
- 26-