Charity Registration No. 1138070
ST MARY'S NEWICK PAROCHIAL CHURCH COUNCIL
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
ST MARY'S NEWICK PAROCHIAL CHURCH COUNCIL
CONTENTS
| Page | |
|---|---|
| Organisation | 1 |
| Council Members' report | 2 - 7 |
| Independent examiner's report | 8 |
| Statement of financial activities | 9 - 10 |
| Balance sheet | 11 |
| Notes to the financial statements | 12 - 24 |
ST MARY'S NEWICK PAROCHIAL CHURCH COUNCIL
ORGANISATION
Council Members
Mr J Fenton-Vince (Reappointed 6 April 2025) Mr I Reekie (Reappointed 6 April 2025) Mrs M Stockwell (Reappointed 6 April 2025) Mr D Cowley (Reappointed 6 April 2025) Mr A Bailey Mrs A Ford Mrs L Farmer Mrs S Fuller Mrs C Smith Mr C Hume Mr G Clinton (Resigned 22 September 2025) Mr A Mallinson Mr J Burdett Mrs C Francis Mrs P Bailey Mrs P Mundy Mr R Bellis Charity number 1138070 Independent examiner Independent Examiners Limited
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ST MARY'S NEWICK PAROCHIAL CHURCH COUNCIL
COUNCIL MEMBERS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
St Mary's Parochial Church Council presents its Annual Report and Financial Statements for the year ended 31 December 2025.
The Financial Statements have been prepared in accordance with the accounting policies set out in Note 1 to the Financial Statements and comply with the charity's Governing Document, that being the Church Representation Rules, the Charities Act 2011 and "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).
Aim and Purposes
St Mary's Parochial Church Council (PCC) has the responsibility of co-operating with the Incumbent Rector, the Reverend Paul Mundy, in promoting the ecclesiastical parish, and the whole mission of the church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of the church of St Mary's and Barn Centre, Church Road, Newick.
Objectives and activities
The Primary objective of St Mary's Newick's Church PCC is to live out and declare 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 practices of the Church of England, following the five marks of mission:
Tell – Teach – Tend – Transform - Treasure
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To proclaim the Good News of the Kingdom
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To teach, baptise and nurture new believers.
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To respond to human need in loving service and by serving the common good.
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To transform unjust structures of society, to challenge violence of every kind and to pursue peace and reconciliation.
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To strive to safeguard the integrity of Creation and Sustain and renew the life of the earth.
Public benefit
The Council Members have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake and with regard public benefit.
Activities
The PCC is registered with the Charity Commission (No 1138070) under the Charities Act 2011. Its governing document is the Parochial Church Councils (Powers) Measure 1956. Membership is determined under the new Church Representation Rules 2020. Membership consists of the Rector, ex- officio members, Churchwardens, Lay Readers, Members of Deanery Synod and up to twelve members of the Church who are elected at the Annual Parochial Church meeting (APCM) or later co-opted during the year.
St Mary's is the only church in Newick. We seek to serve villagers of all faiths and none. Our heavily used Barn Centre hosts a wide range of village activities. Most members of our fast-growing Newick Youth Club have no formal church connection. Our substantial pastoral care provision aims to serve all members of our Newick community.
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ST MARY'S NEWICK PAROCHIAL CHURCH COUNCIL
COUNCIL MEMBERS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
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. 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. Our special services included memorial, healing and thanksgiving services which are well supported. St Mary's plays a central role in our community life. Our Church attendance was well maintained in 2025.
The usual attendance at services on a normal Sunday at St Mary's averaged 16 at the 8am and 127 adults and 10 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.
During the year in the parish there were 4 Baptisms, 3 Weddings, 1 Blessing and 23 Funerals.
St Mary's is a beautiful Grade II listed building set in an impressive churchyard.
A well-used public footpath runs through our Churchyard. 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 in 2025 which prepared our Church and Churchyard for looking their best throughout the seasons. We have one First World War memorial in our churchyard.
Our annual Christmas Tree Festival 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. This newsletter, with a circulation of 193, complements the magazine. It provides scope for a much wider advertising of community events, up-to-date parish and community news and an influential weekly reflection from Rector Rev Paul Mundy.
The Church and the Barn Centre
Our church building is in good order. Roofs, gutters, and downpipes are cleared regularly. Our Sexton keeps Church maintenance up to date. We received a favourable rating in our 2023 Quinquennial inspection, and all matters raised are either in hand or scheduled.
Regular maintenance tasks such as fire extinguisher servicing, piano tuning, organ tuning, and blower servicing are carried out under the direction and supervision of our Sexton who keeps our PCC fully informed.
Our website provides access to PCC and other committee minutes, together w i t h timetable information and full details of parish events.
Our Barn Centre is essential to our church activities and serves a wide variety of other village activities. It is used extensively. We are in the process of investigating a renovation project to improve the facilities.
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ST MARY'S NEWICK PAROCHIAL CHURCH COUNCIL
COUNCIL MEMBERS' REPORT (CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2025
Barn Centre and Path Project
The investigation stages of our project to renew and extend our Barn Centre and replace our main church paths continued in 2025. Our paths are old brick laid paths which are uneven, slippery when wet and difficult for wheelchair and other disabled access. Our Barn Centre requires substantial work to address maintenance issues and to modernize our toilet facilities. We also need to extend and modernize our catering facilities. These demands to expand and improve our facilities are in a response to the increasing community demands. This is a major project which will require substantial fund-raising activity.
Pastoral Care
With some members of our parish unable to attend church due to age, infirmity or sickness, our Incumbent, together with Mrs Patsy Bailey, our Authorised Lay Minister (ALM), visit our parishioners to celebrate communion with them either at their home, in hospital or in a residential home.
Our ALM also looks after our Pastoral Care Team who are on hand to visit those who are sick or unable to get out, to help with essential journeys and keep them in touch with St Mary's.
She maintains as many connections as possible within the community and often with other churches. Her role varies from helping individuals to access an assessment re mobility to helping with a grant application to enable our local Chatterbox Room to extend their activities.
Supporting the bereaved and those approaching the end of their lives plays a vital role alongside provision of food to families or older folk, organising monthly visits for hymns and prayers at a local residential home and running our Community Hub which is a welcoming warm space for members of the community. This has proved hugely successful. Our "Tea at Three" and our Lunch Club continue to thrive, providing a warm welcome, good food and company.
The Pastoral Care Team is up to date with first aid training, food preparation, and how to recognize signs of abuse with basic safeguarding responsibilities.
Where possible older people are encouraged to attend our communal outreach activities instead of home visits, as there are significant wellbeing advantages to socializing outside the four familiar walls of the home.
All activities illustrate that St Mary’s cares for the wider community and these volunteers represent our church and the essence of our faith.
Access, inclusion, and reordering
We continue to recognise a need to provide better access to disabled people, particularly those in wheelchairs. We also want to make all comers feel included - it is clear that inclusiveness is as important as access to disabled visitors. We appreciate the need to provide more comfortable seating for older members. We also need space to enable our important pre and post service hospitality provision to flourish and to enable better hospitality provision at the increasing number of events we are holding in St Mary's. Accordingly, in 2024 we applied to our Diocese for a Temporary Removal Order (TRO) 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 forward for St Mary's and our congregation. We have applied for a Faculty to make this work permanent.
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ST MARY'S NEWICK PAROCHIAL CHURCH COUNCIL
COUNCIL MEMBERS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Youth Work
Our Youth Work continued to grow strongly in 2025. 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 the third Sunday of the month with their families attending services and in the other weeks, they participate in other activities including our Newick Youth Choir. We have a team of four DBS helpers most months, enabling splitting into two groups when numbers increase.
For Lent a Church of England ‘Hope’ Leaflet, along with a flowerpot and sunflower seeds were delivered to the families. Then at Easter, Owls leaders again organised an Easter trail outside the Church, which ran on Easter Sunday and was attended by over 90 children with their families. In the October half term, a Craft and Lego morning was held for Owl and Owlet families.
In August, when the Owls Club and Owlets do not meet, several children and their families joined together, twice, to enjoy picnics on the village King George Recreation Ground. They also had an invitation to join the Churchyard Gardening Days, Harvest Lunch, the Christmas Eve Nativity Service and the Remembrance Sunday Service. An Advent calendar (including a Christmas Story booklet with puzzles) was delivered to each child at the end of November.
The Owlets Club that was started in October 2024 has continued to flourish. This is a parent and babies/tots’ group which runs every Monday during term 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 / Holy Trinity candle / Bible to remind the children of the symbolism of the Christian faith. The Primary School has regular termly services in the church with 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 term time. NYC (Newick Youth Club) serves Year 7 and 8 young people with a regular attendance of 25. Our Youth work is part of our outreach and service to the community. We have several young leaders who help, some of whom are doing their Duke of Edinburgh Award and using this work as their volunteering. This has helped us shape future leaders.
NCT (Newick & Chailey Together) - is our Year 8+ youth group with over 30 young people attending each week during term time. The Group enjoys a wide range of activities. Our summer programme, “Get Hyped”, of outdoor activities on the village Recreation Ground is a popular highlight which concluded with an end of term barbecue attended by 120; members and their families.
In 2025, our Youth Worker Lee continued with the successfully organised Lunchtime Club at our local Chailey Secondary School. We again welcomed Chailey School to an evening Christmas service of lessons and carols in December. The School Orchestra played beautifully, the evening was a resounding success.
The highlight of our youth work year is May Camp. 38 of our young people attended in 2025. 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 MARV'S NEWICK PAROCHIAL CHURCH COUNCIL
COUNCIL MEMBERS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Financial review
2025 was another challenging year for St Mary's. We started the year with funds in hand of £104,862 after making a prior year end adjustment for Magazine Creditors of £7,686 and finished the year with funds in hand of £108,867.
We recorded a very modest surplus of £4,005. We are working hard to use our income effectively across all our various activities but with donations and regular giving down 6% on last year it means we have been dependent on giving to specific activities to enable our Youth Work and Pastoral Care to function effectively. We have seen an increase of 70% in the Restricted Fund giving which is a testament to those recognising the value of these specific activities which benefit the wider community.
We have continued to keep fully up to date with maintenance on the Church and Barn Centre. We have also progressed our preparatory work for our Barn Centre and path projects as well as considering a reorganization within the Church. We will need to appeal to the Electoral Roll and the wider community to support our aspirations for the future.
Two generous legacies have been 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. We recognise the importance of legacies to fund major capital projects in the future.
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 £28k at the end of 2025 (2024: £16k). We aspire to transfer £5,000 each year between quinquennial inspections to our designated Fabric Fund recognizing that our ancient church building requires significant ongoing maintenance, much of which is recognised and quantified at quinquennial inspections.
Structure, governance and management
The method 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 Rector), 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, co-operation with our Diocese, worship, prayer, pastoral care and our vital and expanding Youth Work provision.
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ST MARYS NEMCK pAR(HlALCHURCH COUNCL C(XINCIL MEMBERS. REPORT ICThITINUEDI The wunc31 trEmtS serv&Jdurtng the ye8rand upto lttedateofslwalureIh8finanCial st2temenÉswere'. Mr J Fenton-vince Mr l Reekie Mrs M stoc1 Mr D Cowley MrA Bailey Mrs A Ford Mrs L Farmer Mrs S Fuller Mrs C Smith Mrc Hume MrG Clinton MrAMallinson MrJ Burdett Mrs C Franas Mrs P Bailey Mrs P Mundy Mr R Bellis (Reappointed 6 April 20251 (Reapwnted 6 April 20251 (Reapwnted 6 Ap1 20251 (Reapposnted 6 April 20251 (Resigned 22 September 2025) We would like to thank all those in our Pastoral team suppurknng Patsy our ALM. our Verger Rebecca and the wonderful ladies who helpto make all the events held throUght so hospitable to all. ourtireless Church Administr2torSara and ouryouth workers have prided a greatyearofmi&%k)n andSuptOOur up-and- coming future collgregation and church leadgrs. Thecouncal Men*ets' rewÈwa$ar4 tythe Pthrd ofCoun(il mern. MrCHume 23 March2026
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS
I report on the accounts of The Parochial Church Council of the Ecclesiastical Parish of St Mary, Newick for the year ended 31 December 2025 which are set out on pages 9 to 25.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The church's trustees are responsible for the preparation of the accounts. The church's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts (under section 145 of the 2011 Act),
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to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act), and
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to state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER'S STATEMENT
My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the organisation and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
INDEPENDENT EXAMINER'S STATEMENT
Since the gross income for the year exceeds the amount provided in section 145(3) of the Act, I confirm that I am qualified to act as Independent Examiner under the provisions of that section of the Act and that my qualification is as shown below.
In the course of my examination, no matter has come to my attention
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which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept (in accordance with section 130 of the Act); and
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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Lomax Pavey Independent Examiner's Ltd The Grain Store Hills Barns Appledram Lane South Chichester West Sussex PO20 7EG
25th March 2026
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ST MARY'S NEWICK PAROCHIAL CHURCH COUNCIL
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2025
| Current financial year Notes Income and endowments from: Donations and legacies 2 Charitable activities 3 Investments 4 Other income 5 Total income Expenditure on: Charitable activities 6 Total expenditure Netincome/(expenditure) Transfers between funds Net movement in funds 8 Prior Year Adjustment re Magazine Creditor: 18 Reconciliation of funds: Fund balances at 1January2025 Fund balances at 31 December 2025 |
Unrestricted Unrestricted Restricted Total Total funds funds funds general designated 2025 2025 2025 2025 2024 £ £ £ £ £ 143,959 - 15,115 159,074 162,023 30,656 10,206 5,290 46,152 41,603 4,894 - - 4,894 3,475 - - 2,289 2,289 1,875 |
|---|---|
| 179,509 10,206 22,694 212,409 208,976 170,563 13,725 24,116 208,404 201,689 |
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| 170,563 13,725 24,116 208,404 201,689 |
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| 8,946 (3,519) (1,422) 4,005 7,287 1,328 386 (1,714) - - |
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| 10,274 (3,133) (3,136) 4,005 7,287 (7,686) 8,790 84,058 12,014 104,862 105,261 |
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| 19,064 80,925 8,878 108,867 104,862 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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ST MARY’S NEWICK PAROCHIAL CHURCH COUNCIL
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2025
| Prior financial year Notes Income and endowments from: Donationsand legacies 2 Charitableactivities 3 Investments 4 Other income 5 Total income Expenditureon: Charitableactivities 6 Total expenditure Net income/(expenditure) Transfersbetweenfunds Net movement in funds 8 Post YearAdjustment re Magazine Creditor: 18 Reconciliation offunds: Fundbalances at 1 January2024 Fund balances at 31 December 2024 |
Unrestricted Unrestricted Restricted Total funds funds funds general designated 2024 2024 2024 2024 £ £ £ £ 153,212 - 8,811 162,023 29,048 10,714 1,841 41,603 3,475 - - 3,475 50 1,825 - 1,825 |
|---|---|
| 185,785 12,539 10,652 208,976 169,723 15,366 16,600 201,689 |
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| 169,723 15,366 16,600 201,976 |
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| 16,062 (2,827) (5,948) 7,287 (11,801) 6,960 4,841 - |
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| 4,261 4,133 (1,107) 7,287 (7,686) (7,686) 12,215 79,925 13,121 105,261 |
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| 8,790 84,058 12,014 104,862 |
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ST MARfs NEWICK PAROCHIAL CHURCH COUNCL BAL4NCE SHE ASAT31 DECEAIBER2025 2025 Currentassets Deblo Cash at bank and kn hand 11 6.525 124.957 1.753 125,602 131.482 127.355 Credltoys: amounts falling wh1n OA 12 (22,6151 122,493) Net current assets 108.867 104.862 Th• funds of the charlty Rèstiicted fvnds UeStriCted fijnds. rIBra1 Unrèstricted funds-desigrhated 13 1S 14 8.878 19,064 80,925 12,014 8.790 84,058 104.862 108,867 Mrc Hurne Ttee
ST MARV'S NEWICK PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 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.
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ST MARY'S NEWICK PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 1 Accounting policies
(Continued)
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.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are 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 are 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 their residual values over their useful lives.
The gain or loss 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 recognised in the statement of financial activities.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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ST MARY'S NEWICK PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 1 Accounting policies
(Continued)
1.8 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial 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 realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction 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 value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement 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. Financial 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 obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.
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ST MARY'S NEWICK PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED )
FOR THE YEAR ENDED 31 DECEMBER 2025
2 Income from donations and legacies
| Donations and gifts Legacies |
Unrestricted Unrestricted Restricted Total Unrestricted Unrestricted Restricted Total funds funds funds funds funds funds general designated general designated 2025 2025 2025 2025 2024 2024 2024 2024 £ £ £ £ £ £ £ £ 143,959 - 15,115 159,074 144,451 - 8,811 153,262 - - - - 8,761 - - 8,761 |
Unrestricted Unrestricted Restricted Total Unrestricted Unrestricted Restricted Total funds funds funds funds funds funds general designated general designated 2025 2025 2025 2025 2024 2024 2024 2024 £ £ £ £ £ £ £ £ 143,959 - 15,115 159,074 144,451 - 8,811 153,262 - - - - 8,761 - - 8,761 |
|---|---|---|
| 143,959 | - 15,115 159,074 153,212 - 8,811 162,023 |
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ST MARY'S NEWICK PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED )
FOR THE YEAR ENDED 31 DECEMBER 2025
3 Income from charitable activities
| Income from charitable activities Servicesprovided under contract Other trading activities • Magazine& Bookstall Other income |
Unrestricted Unrestricted funds funds general designated 2025 2025 £ £ 16,020 10,206 14,636 - |
Restricted Total Unrestricted Unrestricted Restricted Total funds funds funds funds general designated 2025 2025 2024 2024 2024 2024 £ £ £ £ £ £ 5,290 31,516 16,089 10,714 1,841 28,644 - 14,636 12,959 - - 12,959 |
|---|---|---|
| 30,656 10,206 |
5,290 46,152 29,048 10,714 1,841 41,603 |
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ST MARY’S NEWICK PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 Income from investments
| Other income | Unrestricted Unrestricted funds funds 2025 2024 £ £ |
|---|---|
| 4,894 3,475 |
17
ST MARY’S NEWICK PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
5 Other income
Other income
| **Unrestricted ** | Unrestricted | Restricted | **Total ** | **Unrestricted ** | Unrestricted | Restricted | Total | |
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | funds | |||
| **general ** | **designated ** | General | **designated ** | |||||
| 2025 | 2025 | 2025 | 2025 | 2024 | 2024 | 2024 | 2024 | |
| £ | £ | £ | £ | £ | £ | £ | £ | |
| - | - | 2,289 | 2,289 | 50 | 1,825 | - | 1,875 |
18
ST MARY’S NEWICK PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
6 Expenditure on charitable activities
| Direct costs Staff costs Mission, Evangelism & Pastoral Rectory expenses Parish Share Light & Heat Insurance Rates Church repairs PPS & Telephone Administrative expenses Magazine expenses Share of support and governance costs (see note 7) Governance Analysis by fund Unrestricted funds – general Unrestricted funds – designated Restricted funds 7 Support costs allocated to activities Governance costs Analysed between: Unrestricted funds – general |
Unrestricted Unrestricted funds funds 2025 2024 £ £ 24,547 18,082 53,048 58,753 1,967 5,190 72,609 71,352 13,001 7,946 4,115 4,025 3,919 3,979 16,121 12,310 632 502 3,141 3,006 14,104 15,014 |
|---|---|
| 207,204 200,159 1,200 1,530 |
|
| 208,404 201,689 |
|
| 170,563 169,723 13,725 15,366 24,116 16,600 |
|
| 208,404 201,689 |
|
| 2025 2024 £ £ 1,200 1,530 |
|
| 1,200 1,530 |
Governance costs include the Independent Examiner’s Fee of £930 (2024 £1,530)
19
ST MARV’S NEWICK PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
| 8 | Net movement in funds | 2025 | 2024 |
|---|---|---|---|
| £. | £ | ||
| The net movement in funds is stated after charging/(crediting): | |||
| Fees payable for the independent examination of the charity’s financial statements | 1,200 |
1,530 | |
| -------- | -------- | ||
| 9 | Employees | ||
| 2025 | 2024 | ||
| Number | Number | ||
| The average monthly number of employees during the year was: | 7 | 7 | |
| ----------- | ---------- | ||
| Employment costs | 2025 | 2024 | |
| £ | £ | ||
| Wages and salaries | 20,502 | 14,463 | |
| Social security costs | 4,045 | 3,619 | |
| -------- | --------- | ||
| 24,547 | 18,082 | ||
| ---------- | --------- |
There were no employees whose annual remuneration was more than £60,000
10 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
20
ST MARY'S NEWICK PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
| 11 | Debtors | 2025 | 2024 |
|---|---|---|---|
| £ | £ | ||
| Amounts falling within one year: | |||
| Trade debtors | - | - | |
| Other debtors | 6,525 | 1,753 | |
| -------- | -------- | ||
| 6,525 | 1,753 | ||
| -------- | -------- | ||
| 12 | Creditors | 2025 | 2024 |
| £ | £ | ||
| Amounts falling within one year: | |||
| Trade creditors | 17,323 | 18,674 | |
| Accruals and deferred income | 5,292 | 3,819 | |
| -------- | -------- | ||
| 22,615 | 22,493 | ||
| -------- | -------- |
21
ST MARY'S NEWICK PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
13 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 1January | Incoming | Resources | Transfers | At 31 | |
|---|---|---|---|---|---|
| 2025 | resources | expended | December | ||
| 2025 | |||||
| £ | £ | £ | £ | £ | |
| Outward Giving Fund | - | - | - | 3,500 | 3,500 |
| Pilgrim; Bibles; Intergen Opera | - | 12,810 | - | (12,810) | - |
| Dance for Fun and Fitness | - |
2,289 | (1,800) | 4,261 | 4,750 |
| Flower Fund | - | 800 | (1,100) | 928 | 628 |
| PastoralCare | - | 1,505 | (1,241) | (264) | - |
| YouthFund | 12,014 | 5,290 | (19,975) | 2,671 | - |
| --------- | --------- | ---------- | ------ | -------- | |
| 12,014 | 22,694 | (24,116) | (1,714) | 8,878 |
|
| ------ | ------ | ------- | ------- | ------ | |
| Previous year: | At 1January | Incoming | Resources | Transfers | At 31 |
| 2024 | resources | expended | December | ||
| 2024 | |||||
| £ | £ | £ | £ | £ | |
| Dance for Fun and Fitness | (227) | - | (1,335) | 1,562 | - |
| Flower Fund | 367 | 495 | (900) | 38 | - |
| PastoralCare | (2,568) | 1,588 | (2,261) | 3,241 | - |
| YouthFund | 15,549 | 8,569 | (12,104) | - | 12,014 |
| --------- | --------- | ----------- | -------- | -------- | |
| 13,121 | 10,652 | (16,600) | 4,841 | 12,014 | |
| --------- | --------- | ---------- | -------- | --------- |
For this year, transfers from restricted funds represent the reimbursement of general funds for expenditure incurred on behalf of restricted fund purposes during the year, including costs relating to the Pilgrim sabbatical, school leavers' bibles, and the inter-generational opera project.
22
ST MARY'S NEWICK PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
14 Unrestricted funds - designated
These are unrestricted funds which are material to the charity's activities.
| At 1 January | Incoming | Resources | Transfers | At31 | |
|---|---|---|---|---|---|
| 2025 | resources | expended | December | ||
| 2025 | |||||
| £ | £ | £ | £ | £ | |
| Barn | 3,208 | 10,206 | (13,725) | 311 | - |
| Dance for Fun and Fitness | 4,261 | - | - | (4,261) | - |
| Fabric Fund | 21,527 | - | - | 5,000 | 26,527 |
| Flower Fund | 928 | - | - | (928) | - |
| LaceyBequest | 11,681 | - | - | - | 11,681 |
| Manvel Bequest | 36,759 | - | - | - | 36,759 |
| Pastoral Care | 5,694 | - | - | 264 | 5,958 |
| YouthFund | - | - | - | - | - |
| ----------- | ----------- | ----------- | --------- | -------- | |
| 84,058 | 10,206 | (13,725) | 386 | 80,925 | |
| ----------- | ---------- | ----------- | --------- | ----------- | |
| Previous year: | At l 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 |
| LaceyBequest | 11,681 | - | - | - | 11,681 |
| Manvel Bequest | 36,759 | - | - | - | 36,759 |
| PastoralCare | 9,394 | - | (459) | (3,241) | 5,694 |
| YouthFund | - | 862 | (7,663) | 6,801 | - |
| ----------- | ---------- | ------------ | ---------- | ---------- | |
| 79,925 | 12,539 | (15,366) | 6,960 | 84,058 | |
| ----------- | --------- | ----------- | -------- | --------- |
23
ST MARY'S NEWICK PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
15. 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 1January | Incoming | Resources | Transfers | At 31 | |
|---|---|---|---|---|---|
| 2025 | resources | expended | December | ||
| 2025 | |||||
| £ | £ | £ | £ | £ | |
| General funds | 8,790 | 179,509 | (170,563) | 1,328 | 19,064 |
| --------- | ----------- | ------------- | --------- | --------- | |
| Previous year: | At 1January | Incoming | Resources | Transfers | At 31 |
| 2024 | resources | expended | December | ||
| 2024 | |||||
| £ | £ | £ | £ | £ | |
| General funds | 12,215 | 185,785 | (169,723) | (11,801) | 16,476 |
| Post year end adjustment for Magazine Creditors. ---------- | ----------- | ------------ | ----------- | (7,686) | |
| 8,790 | |||||
| ---------- |
16 Analysis of net assets between funds
| Unrestricted | Unrestricted | Restricted | Total | |
|---|---|---|---|---|
| funds | funds | funds | ||
| general | designated | |||
| 2025 | 2025 | 2025 | 2025 | |
| £ | £ | £ | £ | |
| At 31 December 2025: | ||||
| Current assets/(liabilities) | 19,064 | 80,925 | 8,878 | 108,867 |
| ---------- | --------- | --------- | ---------- | |
| £ | £ | £ | £ | |
| At 31 December 2024: | ||||
| Current assets/(liabilities) | 8,790 | 84,058 | 12,014 | 104,862 |
| --------- | ---------- | --------- | ---------- |
24
FOR THE YEAR ENDED 31 DECEMBER 2025
ST MARY'S NEWICK PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
17 Related party transactions
None of the council members (trustees) received any remuneration or benefits in their capacity as trustees during the year.
During the year, payments were made to the following council members for services provided to the charity in other capacities: one trustee received £5,105.51 as Organist, one trustee received £6,246.16 as Parish Administrator, one trustee received a stipend of £750 for services as Sexton, and one trustee received £1,800 for running Dancing for Fun and Fitness in 2025. These payments were authorised by the PCC.
During the year, payments were made to the following persons connected to council members: a family member of a PCC member was paid £2,141.26 for operating the AV equipment at the church, and a family member of a PCC member received a stipend of £750 for services as the Verger in 2025.
No other payments were made to trustees or any persons connected with them during this financial period except for reimbursements for expenses incurred on the charity’s behalf. No other material transaction took place between the organisation and a trustee or any person connected with them.
18 Prior year adjustment
During the preparation of the financial statements for the year ended 31 December 2025, it was identified that magazine advertising income of £7,686 received during the year ended 31 December 2024 related to advertisements to be placed in the 2025 magazines. As the related magazines had not yet been published at 31 December 2024, this income should have been deferred at that date. The opening fund balances have been adjusted accordingly, reducing unrestricted general funds by £7,686.
25