# **The Parochial Church Council of the Ecclesiastical Parish of St Mary Magdalene Church, Torquay** ## **Registration Number: 1188333** ## **Trustees’ Annual Report and Accounts of the Parochial Church Council for the Year Ended 31[st] December 2025** Page **1** of **16** ## **Trustees’ Annual Report for the period** ## **From 1[st] January 2025 to 31[st] December 2025** **Charity name: THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY MAGDALENE CHURCH, TORQUAY** **Charity registration number: 1188333** ## **Objectives and Activities** The Parochial Church Council (PCC) of St. Mary Magdalene, and the team clergy, work to promote the worship, mission and ministry Christ in the parish of Upton, Torquay, within the diocese of Exeter. The PCC is also specifically responsible for the maintenance of the Church Hall, within the grounds of St Mary Magdalene. St. Mags exists to proclaim in words and deeds Life to the Full through Jesus Christ. As well as Sunday services and occasional offices, St Mags runs - The Living Room - Community Café - Wash Room – Showers and Clothes washing for the homeless - The Play Room – Stay and play for parents with pre-school children - The Store Room - Food bank - The Recovery Room – as an umbrella for work with those in recovery. - The Prayer Room – as an umbrella for the prayer chapel and rhythm of corporate prayer. - The Youth Room – youth work for years 6-12 - Voyagers - children’s ministry on Sunday mornings. - Schools’ ministry in two church schools. - Active engagement with the local authority and social issues in the town centre. - Opportunities to grow in faith and friendship through a variety of events. - Creative and cultural events. - We work ecumenically with other local churches and the clergy take an active role in the life of the Anglican chapter. - We also hire out the church hall throughout the week to a wide variety of community groups, parties, including the Prince’s Trust. To enable all this to happen the Incumbant works closely with the other clergy, Licensed Lay ministers, one full time paid Living Room and Recovery Room Pastor and a part time paid Operations Administrator, and a large voluntary leadership team. The doors of St Mags are open to all, including / especially the most marginalised and fractured. We believe there should be rooms within the House of the Church where all can find welcome and a home. The PCC trustees understand their important role in the governance of the church and charity. ## **Achievements and Performance** Through the activities listed above we see lives changed as people come to faith in Christ and are supported in the community of faith. The church cares for people in body, mind and spirit. We continued to broaden the reach of St Mags and welcomed new people into the church both online and in person. Page **2** of **16** Through the work of the Rooms and the wider church we support many people in recovery from addiction, mental health crisis and trauma. We support the lonely, visit the sick, clothe people who are without, feed the hungry, offer clothes, and showers and aim to equip all Church members to be a blessing and source of life to all those they spend their days with. We are working hard to diversify the funding streams of St Mags and have received funding from the local authority for Store Room and Living Room. This last year we have received many smallmedium injections of grant funding from local authority and local churches. We have further cemented the church as an appreciated and professional hub within the wider life of Torbay, and broadened the demographic appeal of the church. The PCC are deeply grateful to well over 100 volunteers who participate in the life of the church and who demonstrate the love of God to all who come through the doors. It is with that in mind that we supported over 100 volunteers through up-to-date safeguarding training, appropriate to their role. Looking ahead to 2026 we will be may well be planning for and seeking funding for - Funding to pay Conservators to complete specialist reports on marble, bells, organ, clock tower and stained glass so that, along with the outcome of the quinquennial we can put together a much larger bid/s for significant works in future years. - Funding to install disabled access and resurface the dangerous carpark. - Funding to employ a fixed term Family, Children and Youth Enabler ## **Financial Review** 1. **Statement of Financial Activity.** This was very much a year of two halves. The first half of the year and particularly the first quarter showed a substantial deficit. This was primarily due to the factors outlined in last year’s review: the loss of a £1k a month donation and also substantially increased utility costs due to the new contract. The total deficit for the first six months was over £17K. Remedial action was taken to reduce our costs as much as possible but the move into a substantial surplus for the second half of the year was due to three main factors. Torbay Council gave a one-off grant towards the costs of operating the Living Room which brought £15.6K into the accounts from August on; the summer Gift Appeal raised over £10K with further fundraising such as for the Homeless Packs and ongoing support for the Living Room bringing in several thousand more; and an unrestricted legacy of £5K. These items plus the Christmas Fair’s £1K+ meant the final six months showed a surplus of a little over £27K. A mild autumn also helped in keeping our gas and electric charges lower than might otherwise have been expected. This remarkable turnaround resulted in a surplus for the whole year of £9.6K as shown. **Looking Ahead.** The Council’s grant for the Living Room finishes in March, so from April onwards our monthly income will drop by £3K+. The Common Fund increased by £400 per month from January which will also put a strain on our finances. Depending on how much we have to spend on electric and gas, it is likely that we will probably breakeven at best in the first three months and begin to move back into deficit from April onwards. We also know urgent works on the hall kitchen roof and the church guttering are necessary which will cost approx. £4-5K. The outcome of several grant applications will therefore be crucial in helping us maintain a secure financial position. Page **3** of **16** 2. **Balance Sheet.** This continues to strengthen. As might be anticipated, the surplus for the year means that our bank accounts have increased by over £21K (from £64K last year to £85.7K at 31[st] December). This means that the previous shortfall between these bank accounts and the totals of Restricted & Designated Funds and Deferred Income has turned into a surplus of £8K. This begins to give us a cushion of working capital to help us weather an uncertain future, but it is only a small cushion. As mentioned in last year’s financial review, the completion of the new hall kitchen meant that the associated fund was no longer needed. The remaining balance of a little over £5K was therefore released back into general funds with the agreement of the donors. ## **Charities reserves policy:** It is PCC policy to try to maintain a balance on free reserves which equates to at least three months unrestricted payments. This is equivalent to £41,500. It is held to smooth out fluctuations in cash flow and to meet emergencies. The balance of the free reserves (Unrestricted and Designated Funds) at the year-end was £35,052. Although there is still a shortfall of around £6,500 this is much reduced compared to previous years. The PCC continues to take active steps to control costs and increase income to restore the free reserves to the desired level. ## **A description of the principal risks facing the charity:** - A major unexpected demand on building maintenance could put the viability of the Charity at risk. - Running a deficit Page **4** of **16** ## **Safeguarding** The PCC has complied with the duty under Section 5 of the Safegurading and Clergy Discipline Measure 2016 (duty to comply with the House of Bishops’ guidance on safeguarding children and vulnerable adults). ## **Structure, Governance and Management** The PCC is a Body Corporate established by the Church of England (PCC Powers Measure 1956, and the Church Representation Rules 2006) and is a Charity registered with the Charity Commission. The PCC is governed by the Parochial Church Council Powers Measure (1956) as amended that came into effect on 2[nd] January 1957, and the Church Representation Rules [CRR] (2020). The method of appointment of the PCC members is set out in the CRR. The Council comprises the Incumbent, the Churchwardens, those elected to the Deanery Synod, and other members who are elected at the Annual Parochial Church Meeting, by those on the Electoral Roll. The PCC members receive training as required from courses run by the Diocese. Members of the congregation are always urged to join the Electoral Roll, and to stand for election to the PCC. The PCC members are responsible for making decisions on all matters of general concern and importance in the parish, and for all financial matters. The PCC meet 6 times a year. Given its responsibilities, the PCC has a number of sub committees, each dealing with a particular aspect of parish life. - The Standing Committee which meets at least every two months - The wider leadership team which meets every two months. - The Buildings advisory Group. (BAG) – termly. - The Living Room Action Group (LRAG) - monthly - The Playroom Development Group (PRDG) – half termly. - Store Room steering group –(StRDG) every two months - Each reports back to the PCC with the minutes of their meetings. ## **Reference and Administrative details** |Charity name|THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST MARY MAGDALENE
CHURCH, TORQUAY| |---|---| |Other name the charity uses|St Mags| |Registered charity number|1188333| |Charity’s principal address|ST. MARY MAGDALENE PARISH CHURCH
CHURCH HALL
UNION STREET
TORQUAY
TQ1 4BX| |Phone|01803 211868| |Email|office@stmarymagdalene.org.uk| |Website|https://stmags.org.uk| Page **5** of **16** **PCC members who have served from 1[st] January 2025 until the date this report was approved were:** |Trustee name|Ofce (if any)|Dates acted if not for whole year| |---|---|---| |Sam Leach|Rector|| |Tony Hughes|Warden|Elected Apr 25| |Jim Corderoy|Warden|Elected Apr 25| |Sue Cooper|Deanery Synod|Elected April 23| |Edwina Corderoy|Deanery Synod
And PCC Secretary|Elected April 23| |Virginia Hamilton|Ex-Ofcio Deanery Synod|Elected April 23| |Nigel Deller|Treasurer|Co-Opted| |Petrina Jones|Living room and CR pastor|Co-Opted| |Rev John Garner|PTO clergy|Ex-Ofcio| |Rev Susie Williams|PTO Clergy|Ex-Ofcio| |Elaine Wilson|PCC|Re- Elected 2025| |Judith Fortune|PCC|Re- Elected 2025| |Joy Payne|PCC|Elected April 23| |Jane Badcot|PCC|Elected April 23| |Judy Fraser|PCC|Elected April 23| |Rachel Miller|PCC|Elected April 23| |Nick Pannell|PCC|Elected April 23| |Robin Hart|PCC|Elected April 23| |Emma Hammond|PCC|Elected April 24| |Lucie Stannard|PCC|Elected 2024| |Jill Roberts|PCC|Elected 2025| |Mike Pugh|PCC|Ended term April 25| |Beki Newcomb|PCC|Ended term Apr 25| |Meg Clemence|PCC|Ended term Apr 25| Page **6** of **16** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s) Full name(s)** Nigel Deller **Position (eg Secretary,** Treasurer **Chair, etc) Date** 17[th] March 2026 Page **7** of **16** The PaTftthial Chwch of ￿ Ettlesiastical of St. Independent eUmI￿r.5 report to the trustee5 of The Parochial thurch CouDciI of the E¢desiastiral Parish of S't hkn. 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IP M￿ch 2026 Page 8 of 16 Statement of Financial Activity st Mary Magdalene Church For the year ended 31 December 2025 2025 UNRESTRICTED 2025 DESIGNATED 2025 RESTRICTED 2024 Income standing Orders& PGS Offertory otherDonations 65,467 30D 5,767 78,951 15,535 1.872 17,407 20,270 34.489 7,005 41,494 33,951 GIftAid 21,613 718 22231 23,859 stewardship Propertylncome Weddings and Funerals InvEStment Inc0￿e 4,930 4,930 6,759 12,026 12.026 10,340 2.037 2,037 2,3B7 664 287 155 1.107 1,065 Otherlncome, Grant5and Legacies Total Income 25,965 1,430 26,339 53,733 62,B41 182,725 1,717 36.389 220.831 240.424 Expenses Admin Wa es& Cler Ex nses Admin Wages Clergy Expenses Total Admin Wages & Clergy Expenses 20,910 27,790 48,700 45,754 1.807 IJM 1,951 1.805 22.717 27.934 50.651 47.558 Cleanin air5 and Renewa15 Cleaning Equipment Hire Repairs and Renewals Total Cleaningb Repairs and Renewals 7,549 15 7.564 5,705 1,411 1.411 890 8,812 17,772 2,717 2,732 11,528 20,504 63,132 69,727 utilites and Insurance Electricity Gas 5,891 5,891 2,950 12,930 12,930 7,351 Wbter 1,742 I,T42 1,434 Phonellnternet 611 72 642 Insurance 6,913 28,088 1,397 1.397 8,31D 29.557 8,243 20.621 Total Utilites and In5ur3nce Other Church Runnin Costs Bankfees 33 45 1,887 1,311 Church service supplies- bread, wineetc. Common fund 378 36 414 1,537 57,079 57,079 53,790 Cosi ¢1 Irading-collee etc. * living room supplies Depreciation expense Donarions paid Miscellaneous expenses Printing, postageand stationery Professionalfees I,J83 26,325 31,604 29,351 1,707 279 329 2,315 2,905 2,275 2,275 3,135 1,876 50 1,926 1,981 2,311 2,311 3,041 4,780 4.780 2,727 Subxriptions 4,189 210 40 4,439 4,136 Page 9 of 16 2025 UNRESTRICTED 202S DESIGNATED 2025 RESTRKTED 2025 2D24 Weddings and funerals Total Otherchurch Runningcosis 1,450 81,950 1.450 110,480 1,884 105,797 1,705 26,825 Transferof fund type Write offof unrecoverable portion of fraud Total Expenses 15,669 114,5271 6.361 166,197 1,960 43,035 211,193 250,1)65 Surplus I (Deficit) 16.528 12431 16.64TI 9,639 19,6411 Page 10 of 16 Balance Sheet St Mary Magdalene Church As at 31 December 2025 31 DEC202S 31 DEC2024 Fixed Assets Tan ibleAssets Avand Computer Equipment Less accumulated depreciation on Avand computer equipment Motorvehicles 9,046 8,526 17,8421 17,2401 3,500 3,500 Les5 accumulated depreciation on motorvehicles 13,2011 13,0521 9,915 8,949 Less accumulated depreciation on fixture5 and fittings TotalTangibleAssets 17,5331 3,885 15,9691 4,714 Total Fixed A55ets 3.985 4.714 Current Assets Serviceswe've etto receive Insurance& Annual Subscriptions (Prepayments) Totsl Seryices we've yetto receive 1,002 1,002 917 917 Cash we've etto receive GiftAid (Accrued Incornel Unbanked offertory Ioutstanding hall hire Ilnspire income (Accounts Receivable) Suspected Fraud Total Cash we've yet to rKeive 1.869 4,154 988 216 2.189 5,046 2,400 6,7TO Investrnent5 CBF DÈposit Fund 174 CBF Investment Fund Shares Total Investments 3,590 3.434 2,803 6J93 2.803 6,237 Cash at bank and In hand CAF Cash Account 9,703 11,744 CAF Gold Account Iln5pirel Petty Cash Stripe GBP Soldo 20,849 20.453 15 15 571 351 1,290 1.429 Gold DepositAccount Total Cash at bankand in hand 53,245 85,674 30,014 64,007 Total CurrentA55ets 98,115 77,932 Current Liabilities Services we've still otto deliver Car Parking l Gr3nts Received In Advance (Deferred Incornel Total services wÈ'vÈstill gotto deliver 41,686 41,686 26.911 26,911 Cash we've still otto pay Unpaid Bills (Accounts Payable) 1,528 9.992 Page 11 of 16 31 DEC 202$ 31 DEC 2024 Wage Liabilitie5 IWage5, PAYE, Pensionsl OtherAmounts Owed IAccmalsl Total Cashwe've Still gottopay 730 811 3,733 5.991 240 11,043 Total Current Liabilities 47,676 37,954 Net A5set5 54J24 44,691 Ca ital and Reserves Unrestricted Funds 14,789 11.7341 Restricted Funds Restricted Fund The Play Room Restricted Fund- C8F Deposit Fund Restricted Fund- FaCE (Fatnilyand Children Enabler) Restricted Fund- Living Rootn RÈstrictÈd Fund- Corona Virus Fund 419 530 3,590 3,434 2,428 2.428 946 359 Restricted Fund- Play Room Leader Restricted Fund Essentièl plasterwork for kitchen Restricted Fund- Culture Recovery Restricted Fund- Store Roorn 1,329 1,329 5,013 5,013 796 293 Restricted Fund- Festivals 610 610 Restricted Fund- SurfTo RÈtovÈry Restricted Fund- October Giving- Priority l- Poverty Support OverTheWinter-£2000 Restricted Fund- October Giving- Priority 6- Hall Kitchen- £lO.000 Restricted Fund- To Help Individuals in Need 468 793 2,0 7,003 3,674 865 Restricted Fund- Hall Kitchen & Shower Total Restricted Fund5 439 19272 25,919 Desi nated Funds Designated Fund- InspirÈ Designated Fund-van Total Designated Funds 20,174 20,506 89 20263 20,506 Total Capital and ReseNes S4￿24 44.691 Page 12 of 16 ## **Notes to the Financial Statements** ## **1. ACCOUNTING POLICIES** The Financial Statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable standards and the Charities SORP (FRS 102). The Financial Statements have been prepared under the historical cost convention, except for investment assets which are shown at market value but see Note 3 below regarding the 174 CBF Investment Fund Shares. The Accounts include all the transactions, assets and liabilities for which the PCC is responsible in law. They do not include accounts of church groups that owe their affiliation to another body, nor those that are informal gatherings of church members. ## **Fund Accounting** _Unrestricted funds_ are income funds which are to be spent on the PCC’s general purposes. _Restricted funds_ comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific PCC activity intended by the donor. _Designated funds_ are general funds set aside by the PCC for use in the future. Project funds are designated for particular projects for administration purposes only. Funds designated as invested in fixed assets for the PCC’s own use abated in line with assets’ annual depreciation charges in the Statement of Financial Activity. Designated funds remain unrestricted and the PCC will move any surplus to other general funds. _Endowment funds_ are funds, the capital of which must be retained either permanently or at the PCC’s discretion; the income derived from the endowment is to be used either as a restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place. ## **Income** Planned giving, collections and similar donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is entitled to the use of the resources, their ultimate receipt is considered reasonably certain and the amounts due are reliably quantifiable. Dividends are accounted for when declared receivable, interest as and when accrued by the payer. All incoming resources are accounted for gross. ## **Expenditure** Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocese parish share expected to be paid over is accounted for when due. All other expenditure is generally recognised when it is incurred and is accounted for gross. ## **Fixed assets** Consecrated and benefice property is not included in the accounts in accordance with s.10(2)(a) and (c) of the Charities Act 2011. Anything acquired prior to 2019 has been fully depreciated on purchase under cash basis accounting, and therefore such assets are not included in the financial statements. Assets purchased from 2019 onwards will be depreciated at the following rates from the month of purchase: Computer Equipment – 33% reducing balance Fixtures and Fittings – 25% straight line Motor Vehicles – 33% reducing balance Investments are valued at market value on 31 December annually. ## **2. Tangible Assets** |**Type**|**Cost**
**B/Fwd**|**Purch.**|**Disp.**|**Cost**
**C/Fwd**|**Acc.**
**Dep**
**B/Fwd**|**Dep.**|**Acc.**
**Dep**
**C/Fwd**|**Net**
**Book**
**Value**
**B/Fwd**|**Net**
**Book**
**Value**
**C/Fwd**| |---|---|---|---|---|---|---|---|---|---| |AV and
computer
equipment|£8526|£520|£-|£9046|£7240|£602|£7842|£1286|£1204| |Fixtures
and
ftngs|£8949|£966|£-|£9915|£5969|£1564|£7533|£2980|£2382| |Motor
vehicles|£3500|£-|£-|£3500|£3052|£149|£3201|£448|£299| |**Total**|**£20975**|**£1486**|**£-**|**£22461**|**£16261**|**£2315**|**£18576**|**£4714**|**£3885**| ## **3. Investments** The value of the 174 CBF Investment Fund Shares at 31 December 2025 was £3,863. ## **4. Fund Analysis** ## **a. Restricted** |**a. Restricted**|||||| |---|---|---|---|---|---| |**Fund Name**|**Opening bal.**|**Income**|**Expenditure**|**Transfers**|**Closing bal.**| |PlayRoom|530|366|477|-|419| |CBF Deposit|3434|156|-|-|3590| |FaCE|2428|-|-|-|2428| |LivingRoom|788|22085|28987|7060|946| |Corona Virus|359|-|-|-359|-| |Play Room
Leader|1329|-|-|-|1329| Page **14** of **16** |Essental
plasterwork for
kitchen|5013|-|-|-|5013| |---|---|---|---|---|---| |Culture
Recovery|35|-|35|-|-| |Celebrate
Recovery|-|-|7765|7765|-| |Store Room|293|12496|11993|-|796| |Store Room –
Babysupplies|-|15|15|-|-| |Festvals|610|-|-|-|610| |Surf to
Recovery|793|131|456|-|468| |Community
Mission Enabler|-|-|4632|4632|-| |October Giving –
Priority 1 –
PovertySupport|2000|-|-|-2000|-| |October Giving –
Priority 6 – Hall
Kitchen|7003|-|-|-7003|**-**| |To help
individuals in
need|865|500|50|2359|3674| |Hall kitchen &
shower|439|640|3152|2073|-| |**Total**|**25919**|**36389**|**57562**|**14527**|**19273**| Some Restricted funds have amounts committed for future depreciation of assets purchased within these funds. These amounts are as follows:- |**Fund Name**|**Closing**
**balance**|**Commited**|**Adjusted**
**Closing**
**balance**| |---|---|---|---| |PlayRoom|£419|£323|£96| |Store Room|£796|£123|£673| |**Total**|**£1215**|**£446**|**£769**| ## **b. Designated** |**b. Designated**|||||| |---|---|---|---|---|---| |**Fund name**|**Opening bal.**|**Income**|**Expenditure**|**Transfers**|**Closing bal.**| |Inspire|20506|287|619|0|20174| |Van|-|1430|2483|1142|89| |**Total**|**20506**|**1717**|**3102**|**1142**|**20263**| Page **15** of **16** ## **5. Transfers between funds** The Living Room, Celebrate Recovery and Community Mission Enabler restricted funds were topped up as necessary from the unrestricted funds at the end of each month. The Van designated fund was topped up from the unrestricted funds as necessary at the end of each month. ## **6. Suspected Fraud** The court case relating to this was decided in October 2024. This resulted in an order for compensation for St Mags of £2400 and £211 of this was received during 2025. ## **7. Staff costs** Average number of employees was 2 for 2025 (2024: 2). No employee received emoluments in excess of £60000 during the year (2024 nil) ## **8. Transactions with Trustees** During 2025, the PCC received £30188 in donations from trustees (PCC members) and their close relatives. The donors did not attach any conditions to their gifts which required the charity (PCC) to significantly alter the nature of its existing activities. One employee who is a trustee of the charity received remuneration of £30878 and had expense claims of £144 for mobile phone costs **.** Various expenses have been reimbursed to trustees where the trustees have purchased items personally on behalf of the church. These expenses have always been reimbursed at cost so no further disclosure is required. Page **16** of **16**