## **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 assets**at 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** - **g** It is PCC policy to maintain a balance on the "Unrestricted Funds" which equates to approximately 6 months recurring operating costs against unforeseen situations. 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** |**a**_Donations & 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
**d**_Charitable 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**|| |---|---| |**a**_Costs 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| |---|---|---| ||**34,679**11,781|| ## **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**
**6,795**1,518
**8,313**
**-1** - (13,982) 13,983
**-**
**94,924**
(21,797)
**73,127**
**5,695**19,313 (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. ##