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2022-12-31-accounts

Trustees’ Annual Report for the period

From 1[st] January 2022 Period start date To 31[st] December 2022 Period end date

Charity name: The Friends of St James' Church Hamsterley, County Durham

Charity registration number: 1184033

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 To advance culture and heritage in and
around Hamsterley, County Durham, in
particular by assisting in the preservation,
maintenance, repair and improvement of
the fabrics, fittings and contents of the
church of St James, Hamsterley and its
grounds.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 Para 1.17 and
1.19		 Through targeted fundraising, by seeking
donations and legacies, and by promoting
the history of St James’ church, the charity
exists to advance culture and heritage in
and around Hamsterley, County Durham.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 Yes

Additional information (optional)

You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers

Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 The charity made modest grants for minor
maintenance of St James and its
churchyard.

Additional information (optional)

You may choose to include further statements where relevant about:


Achievements against
objectives set
Para 1.41
Performance of fundraising
activities against objectives
set		 Para 1.41
Investment performance
against objectives		 Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 Giving slightly exceeded income, resulting
in a closing balance of £11,580.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 The charity has no policy for holding
reserves.
Amount of reserves held Para 1.22 Nil
Reasons for holding zero
reserves		 Para 1.22 The charity does not anticipate having any
uncovered liabilities or other reason for
holding reserves
Details of fund materially in
deficit		 Para 1.24 Nil
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 Not applicable

Additional information (optional)

You may choose to include further statements where relevant about:


The charity’s principal
sources of funds (including
any fundraising)
Para 1.47
Membership subscriptions and donations at
events
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46
A description of the principal
risks facing the charity		 Para 1.46
Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Constitution/Articles of Association
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 CIO
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Trustees are appointed by resolution
passed at a Trustee’s meeting.
The treasurer of St James’ PCC is entitled
to be a trustee, ex officio, but has not taken
up office.

Additional information (optional)

You may choose to include further statements where relevant about:


Policies and procedures
adopted for the induction
and training of trustees
Para 1.51
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51
Relationship with any related
parties		 Para 1.51
Other

Reference and Administrative details

Charity name The Friends of St James' Church Hamsterley, County
Durham
Other name the charity uses
Registered charity number 1184033
Charity’s principal address The Old Vicarage, Hamsterley, Bishop Auckland, County
Durham, DL13 3PP

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee (ifany)
Dominic Bayne Chair
AdyDavis Treasurer
Jonathan Ward
Ian Bonas
Kate Bonas
Kira Bayne
MarneySwan

– Corporate trustees names of the directors at the date the report was approved Director name None

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year
None

Funds held as custodian trustees on behalf of others

Description of the assets None held in this capacity Name and objects of the Not applicable charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for Not applicable safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) DOMINIC BAYNE

Full name(s) Dominic Richard Noel Bayne

Position (eg Secretary, Chair Chair, etc)

Date 21.3.24

PAROCHIAL CHURCH COUNCIL OF DANEHILL & CHELWOOD GATE Registered charity number: 1145025

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

Notes
Incoming resources
Donations & legacies
2a
Trading activities
2b
Investment & rental income
2c
Charitable activities
2d
Other income
2e
Total incoming resources
Resources expended
Costs of raising funds
3a
Other trading costs
3b
Charitable activities
3c
Total resources expended
Net incoming/(outgoing) resources
Gain/Loss on sale of fixed asset
Gains / losses on investment assets
6
Transfer between funds - in
Transfer between funds - out
Net movement in funds
Total funds brought forward at 1 Jan. 2022
Total funds carried forward at 31 Dec. 2022		 TOTAL
TOTAL
General
Designated
Restricted
Endowment
FUNDS
FUNDS
Funds
Funds
Funds
Funds
2022
2021
£
£
£
£
£
74,507
350
8,728
0
83,585
186,854
10,906
0
1,703
0
12,609
8,839
4,624
0
0
9,936
14,560
11,949
6,078
0
0
0
6,078
4,216
977
0
10,400
0
11,377
10,762
97,092
350
20,831
9,936
128,208
222,620
0
0
0
0
0
0
0
0
0
2,848
2,848
15,145
118,264
966
62,933
901
183,065
198,725
118,264
966
62,933
3,749
185,913
213,870
(21,173)
(616)
(42,103)
6,187
(57,704)
8,749
-
0
53,000
(4,665)
0
0
0
(4,665)
9,883
0
(16,434)
(1,627)
0
(18,060)
(2,808)
24,248
0
0
(6,187)
18,060
2,808
(1,590)
(17,050)
(43,730)
(0)
(62,370)
71,632
3,986
17,050
141,314
527,613
689,963
618,330
2,396
0
97,585
527,613
627,594
689,963

PAROCHIAL CHURCH COUNCIL OF DANEHILL & CHELWOOD GATE

BALANCE SHEET AS AT 31 DECEMBER 2022

Fixed assets
Tangible fixed assets
Current assets
Debtors
Short term deposits
Cash at bank and in hand
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after one year
Creditors: amounts falling due after one year
NET ASSETS
Represented by - funds
General (unrestricted) funds
Designated funds
Restricted funds
Endowment funds
TOTAL CHURCH FUNDS
Investment assetsat market value
Creditors: less amounts falling due within one year		 Notes 34,679
60,052
138,405
233,137
(6,632)		 34,679
60,052
138,405
233,137
(6,632)		 2022
£
320,000
81,088
226,505
627,594
0
627,594
2,396
0
97,585
527,613
627,594
2021
£
320,000
85,753
18,556
59,895
214,513
5
6
8
9
9
7
10
10
10
10
292,963
(8,755)
284,208
689,962
0
689,962
3,986
17,050
141,314
527,613
689,963

Approved by the Parochial Church Council on ….................. and signed on its behalf

Rev'd P. MacBain Chairman

The accompanying notes form a part of these financial statements.

PAROCHIAL CHURCH COUNCIL OF DANEHILL & CHELWOOD GATE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

d Resources used

Resources expended are accounted for on an accruals basis and are accounted for gross.

Grants

Grants and donations are accounted for when paid over, or when awarded where the award creates a binding obligation on the PCC.

Church Activities

The diocesan parish contribution is accounted for when paid. Any parish contribution unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the balance sheet.

e Fixed Assets

Tangible fixed assets

Consecrated and beneficed property of any kind is excluded from the accounts by s.96(2) of the Charities Act 1993.

Movable church furnishing held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected. For inalienable property where there is insufficient cost information available, such assets are not valued in the accounts. Individual items acquired over £1000 have been capitalised in the accounts and depreciated over their useful economic life.

All expenditure on consecrated or beneficed buildings and individual items costing under £1000 are written off in the year they were incurred (immediately if covered by specific grant or bequest).

As the expenditure on the improvements at the Chelwood Gate Church will be funded by a legacy and fundraising, and the property is not registered as an asset in the accounts, and also will not affect the PCC's ability to pay its parish share, these costs will be written off in the year that they occur.

Depreciation

No depreciation is provided on freehold property as it is the PCC s policy to maintain these assets in a continual state of sound repair. The useful economic life of these assets is so long and residual values so high that any depreciation would not be material. These assets will be subject to annual impairment reviews. Provision will be made if there has been any permanent diminution in value.

Investments

Investments are stated at market value at the balance sheet date and are Charifund Income Units and National Savings Income Bonds.

f Current Assets

Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove not collectable.

Short term deposits consists of the Virgin Money Charity Account.

Cash at bank includes the Verger's, Noahs Ark and Parish Magazine petty cash floats.

Reserves policy

The balance on the Designated Fabric Fund is built up as a provision against the estimated costs of the next quinquennial inspection, together with the PCC property maintenance obligations.

PAROCHIAL CHURCH COUNCIL OF DANEHILL & CHELWOOD GATE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

2 Incoming resources

aDonations & legacies
1_Planned giving
_2_Cash collections at services
_3_Special collections
_4_Sundry donations and appeals
_5_Income tax recoverable
_6_Grants
_7_Legacies
b_Trading activities
1_Fundraising
_2_Parish magazine
c_Investment income
1Rental income from property
2Dividends and interest
dCharitable activities
1_Church fees etc
e_Other income
Sundry
VAT reclaim
Total incoming resources		 TOTAL
TOTAL
General Designated
Restricted Endowment
FUNDS
FUNDS
Funds
Funds
Funds
Funds
2022
2021
£
£
£
£
£
£
31,455
31,455
29,165
8,012
8,012
2,283
1489
1,518
3,007
3,500
24,929
350.00
210
25,489
34,591
8,623
8,623
6,314
7,000
7,000
11,000
0
0
100,000
74,507
350
8,728
0
83,585
186,854
1,778
1,703
3,481
1,006
9,128
9,128
7,834
10,906
0
1,703
0
12,609
8,839
9,936
9,936
7,887
4,624
4,624
4,062
4,624
0
0
9,936
14,560
11,949
6,078
6,078
4,216
6,078
0
0
0
6,078
4,216
977
10,400
11,377
10,762
0
0
977
0
10,400
0
11,377
10,762
97,092
350
20,831
9,936
128,208
222,620

PAROCHIAL CHURCH COUNCIL OF DANEHILL & CHELWOOD GATE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

3 Resources expended

Resources expended
aCosts of raising funds
1_Special appeal costs
_2_Stewardship costs
b_Other trading costs
1_Fundraising
_2_Other
_3_41 Oaktree Cottages Purchase
_4_41 Oaktree Cottages Upkeep
_5_41 Oaktree Cottages Insurance
_6_41 Oaktree Cottages Council Tax
c_Charitable activities
_1_Missionary and charitable giving:
Overseas
Home Missions / Church Societies
Secular Charities
_1_Charitable Giving
_2_Diocesan parish contribution
_3_Clergy costs - vicar
_4_Youth / Families workers & costs
_5_Church utilities
_6_Church buildings upkeep
_7_Church service costs
_8_Church insurance
_9_Upkeep of grounds
_10_Parish magazine
_11_Courses and groups
_12_Other church activities
_13_PCC property costs - Robins
_14_Chelwood Gate church improvements
_15_Independent examination costs
Total resources expended		 TOTAL
General
Designated Restricted Endowment
FUNDS
Funds
Funds
Funds
Funds
2022
£
£
£
£
£
0
0
0
0
0
0
0
0
0
0
0
2,848
2,848
0
0
0
0
0
2,848
2,848
0
0
0
2,160
2,160
57,596
57,596
11,361
11,361
45,373
45,373
10,417
10,417
16,471
230
16,701
3,190
3,190
4,389
4,389
2,034
2,034
10,100
10,100
30
3,348
3,378
1,458
13,982
15,441
901
901
0.00
966
966
(941)
(941)
118,264
966
62,933
901
183,065
118,264
966
62,933
3,749
185,913

TOTAL FUNDS 2021 £

0 0 0

0 0 2,286 12,545 314 0 15,145

0 0 0 525 55,434 8,444 41,655 4,725 17,434 3,610 3,903 5,169 7,812 3,237 1,076 19,687 21,619 4,395 198,725 213,870

PAROCHIAL CHURCH COUNCIL OF DANEHILL & CHELWOOD GATE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

4 Staff costs

a Wages and salaries

The youth worker received remuneration totalling £22,258.25

The Children's and Family Worker received remuneration totalling £11,326.09

b Payments to PCC members

There were no payments to PCC members, or persons closely connected to them, or other related parties.

5
Tangible fixed assets
Cost or valuation
_1_At 1 January 2022 net book value
_2_Additions
_3_Disposals
_4_Revaluation
At 31 December 2022		 Freehold land
and buildings
£
320,000
-
-
-
320,000

The freehold land and buildings comprises of 41 Oaktree Cottages purchased on 11/12/2019 and is valued at its purchase price of £320,000.

6 Investments

_1_Market value 1 January 2022
_2_Disposals at carrying value
_3_Purchases at cost
_4_Net gain on revaluation
Market value 31 December 2022		 £
85,753
-
-
(4,665)
81,088

7 Analysis of Net assets by fund

_1_Fixed assets for church use
_2_Investment assets
_3_Current assets
_4_Current liabilities		 General
Designated
Restricted
Endowment Total Funds
Funds
Funds
Funds
Funds
2021
£
£
£
£
320,000
320,000
81,088
81,088
(72,060)
0
97,585
207,613
233,137
(6,632)
(6,632)
2,396
0
97,585
527,613
627,593

PAROCHIAL CHURCH COUNCIL OF DANEHILL & CHELWOOD GATE

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

8 Debtors

_1_Income tax recoverable
_2_Year end oil stock
_3_Prepayments and accrued income
_4_Other debtors		 2022
2021
£
£
22,948 6,381
400 400
11,331 -
- 5,000		 2021
34,67911,781

9 Creditors: amounts falling due within one year

_1_Prepayments received
_2_Other creditors		 2022
2021
£
£
- -
6,632 334,899		 2021
6,632 334,899

10 Statement of funds

Unrestricted Fund
General fund
Designated Fund
Designated C.G. Extension
Designated fabric fund
Designated decorating fund
Designated 'All Saints Fellowship'
Designated Cafe Church
Restricted Fund
Vicar's Parish Mission Fund
Sunday Special Collections
Refreshment station/Plaque/AV
Hardy Fund
Youth workers
Barbara Lloyd
Endowment Fund
Robins
41 Oaktree Cottages
Endowment Cash
41 Oaktree upkeep
Robins costs
Total funds		 Bal b/fwd
Income Expenditure Transfers Revaluation
Bal c/fwd
1 Jan 2022
31 Dec 2022
£
£
£
£
£
3,986 92,427(118,264) 24,248
0 2,396
(0)
350 (966)
616
-
17,050
-17,050
-
-
-
-
-
-
-
17,050
350(966)
-16,434
0 -
530
530
6,7951,518
8,313
-1 - (13,982) 13,983
-
94,924
(21,797)
73,127
5,69519,313 (48,721) 23,713
0
33,371
(230) (17,526)
15,615
141,314 20,831(62,933)
-1,627
0 97,585
0
0
(0)
0
320,000 9,936
(9,936)
320,000
207,613
-
207,613
0
(2,848)
2,848
0
0
(901)
901
(0)
527,613
9,936(3,749) (6,187)
0 527,613
689,963 123,543 (185,913) (0) - 627,594

The fabric fund and the property decorating funds are treated as unrestricted funds as they are financed from agreed PCC transfers from the general fund. They are used towards funding the future costs of any significant building, repair and maintenance work that may arise in the future, specifically the next quinquennial.

The endowment is comprised of 41 Oaktree Cottages (previously Robins); it is an expendable endowment.