Charity registration number 1213231
ROMALDKIRK WITH COTHERSTONE PAROCHIAL CHURCH COUNCIL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
ROMALDKIRK WITH COTHERSTONE PAROCHIAL CHURCH COUNCIL
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Mrs Carol Lynn |
|---|---|
| Mrs Deborah Newman | |
| Charity number | 1213231 |
| Principal address | Chapel House |
| Cotherstone | |
| Barnard Castle | |
| County Durham | |
| DL12 9PG | |
| Independent examiner | P W Lamb FCA |
| Bankers | Barclays Bank Plc |
| Solicitors | Lupton Fawcett LLP |
| 2 The Embankment | |
| Sovereign Street | |
| Leeds | |
| LS1 4BA |
ROMALDKIRK WITH COTHERSTONE PAROCHIAL CHURCH COUNCIL
CONTENTS
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Page
Trustees' report 1 - 2
Independent examiner's report 3
Statement of financial activities 4 - 5
Statement of financial position 6
Notes to the financial statements 7 - 18
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ROMALDKIRK WITH COTHERSTONE PAROCHIAL CHURCH COUNCIL
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025
The trustees present their 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 documents, 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).
Objectives and activities
The primary objectives of the trustees are:
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the promotion of worship and Christian fellowship within the parish;
-
the preservation of the fabric and environment of St Romald's and St Cuthbert's churches;
-
the support of other parishes within the Benefice of Lower Teesdale.
Monthly services of worship and Holy Communion are held at each of St Romald's and St Cuthbert's churches. Services to mark particular celebrations such as harvest festival, christingle and crib services are held to encourage wider fellowship.
The church warden and verger share responsibility for the maintenance and preservation of each church, The trustees are supported by a number of dedicated volunteers who help take care of both churches. The trustees wish to thank these volunteers whose immeasurable help enable our churches to survive.
The trustees encourage the congregation to join together in fellowship, worship and support by publishing the details of up and coming services and attending services held at other parish churches within the Benefice of Lower Teesdale.
The primary purpose of Romaldkirk with Cotherstone Parochial Church Council is the promotion of the gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England.
The aims of Romaldkirk with Cotherstone Parochial Church Council are:
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promoting in the parish the whole mission of the church, pastoral, evangelistic, social and ecumenical in cooperation with the rector;
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preserving the fabric of and Christian worship in St Romald’s and St Cuthbert’s churches;
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consideration and discussions of matters concerning the Church of England or any matters of religious or public interest.
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
Significant activities and achievements against objectives
The parish of Romaldkirk with Cotherstone, along with other parishes in the benefice, was without an incumbant rector throughout the reporting period. Services were covered by retired members of clergy and lay members and we thank them for their time and support through the year. Average congregation numbers for monthly services declined slightly to 23 (2024:25). The combines number of baptisms, marriages and funerals during the year was 9 (2024: 11).
Financial review
Voluntary, grant and operating income for the year was £16,913 (2024: £21,522). Total income including investment income was £47,486 (2024: £48,646). Total outgoings were £37,392 (2024: £37,444). At 31 December 2025 investment assets held via Leeds Diocesan Board of Finance in CBF Church of England investment funds showed a revaluation loss of £41,907. After operating activities, the inflation adjusted value of total investment assets fell by £69,542 during the period.
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ROMALDKIRK WITH COTHERSTONE PAROCHIAL CHURCH COUNCIL
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
Reserves policy
Restricted funds make up the majority of the reserves held for the maintenance and repair of the fabric of the buildings of St Romald's and St Cuthbert's. The Trustees consider it prudent to hold such reserves for future maintenance given the status, St Romald's is grade 1 listed, and the age of both churches. St Romald's dates back to Saxon times and St Cuthbert's was built in 1881.
It is PCC policy to maintain a minimum balance in unrestricted funds (if possible) which equates to at least 6 months of operating payments to cover emergency situations which may arise from time to time. The PCC currently meets this policy,
Plans for future periods
As at the Balance Sheet date the parish remained in interregnum. The church warden has worked collaboratively with representatives from the remaining parishes of the Benefice of Lower Teesdale, the Bishop of Ripon and the Archdeacon of the Ripon Diocese to recruit another rector or priest in charge to provide Christian fellowship and pastoral care throughout the benefice. An appointment of priest in charge has now been made.
Structure, governance and management
The Romaldkirk with Cotherstone Parochial Church Council is a corporate body established by the Church of England and operates under the Parochial Church Council (Powers) Measure 1956 as amended and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended). The PCC was registered as a charity by the Charity Commissioners on 12 May 2025.
The trustees who served during the year and up to the date of signature of the financial statements were: Mrs Carol Lynn
Mrs Deborah Newman
Recruitment and appointment of trustees
The existing trustees are responsible for the recruitment and appointment of new trustees but in doing so seek the views and recommendations of the PCC.
Funds held as custodian trustee
The trustees do not hold funds as custodial trustees on behalf of others.
The trustees' report was approved by the Board of Trustees.
.............................. Mrs Carol Lynn Trustee
Date: 18[th] May 2026
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ROMALDKIRK WITH COTHERSTONE PAROCHIAL CHURCH COUNCIL
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ROMALDKIRK WITH COTHERSTONE PAROCHIAL CHURCH COUNCIL
I report to the trustees on my examination of the financial statements of Romaldkirk with Cotherstone Parochial Church Council (the charity) for the year ended 31 December 2025.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
P W Lamb FCA
Dated: 18[th] May 2026
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ROMALDKIRK WITH COTHERSTONE PAROCHIAL CHURCH COUNCIL
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2025
| Unrestricted Restricted Endowment funds funds funds 2025 2025 2025 Notes £ £ £ Income and endowments from: Donations and legacies 3 9,264 - - Charitable activities 4 2,944 - - Other activities 5 4,459 - - Investments 6 8,673 20,755 1,391 Other income 7 - - - Total income and endowments 25,340 20,755 1,391 Expenditure on: Raising funds 8 546 - - Charitable activities 9 36,049 - - Total expenditure 36,595 - - Net gains/(losses) on investments 13 (17,146) (23,078) (1,683) Net income/(expenditure) (28,401) (2,323) (292) Transfers between funds 1,392 - (1,392) Net movement in funds 10 (27,009) (2,323) (1,684) |
Total Unrestricted Restricted Endowment funds funds funds 2025 2024 2024 2024 £ £ £ £ 9,264 15,605 - - 2,944 2,505 - - 4,459 3,962 - - 30,819 5,006 20,248 1,320 - 277,115 - - 47,486 304,193 20,248 1,320 546 211 - - 36,049 37,233 - - 36,595 37,444 - - (41,907) 853 15,154 1,124 (31,016) 267,602 35,402 2,444 - 5,168 (3,848) (1,320) (31,016) 272,770 31,554 1,124 |
Total 2024 £ 15,605 2,505 3,962 26,574 277,115 |
|---|---|---|
| 325,761 | ||
| 211 37,233 |
||
| 37,444 | ||
| 17,131 | ||
| 305,448 - |
||
| 305,448 |
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ROMALDKIRK WITH COTHERSTONE PAROCHIAL CHURCH COUNCIL
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
| Unrestricted funds Restricted funds Endowment funds 2025 2025 2025 Notes £ £ £ Reconciliation of funds: Fund balances at 1 January 410,824 673,296 48,977 Fund balances at 31 December 383,815 670,973 47,293 |
Total Unrestricted funds Restricted funds Endowment funds Total 2025 2024 2024 2024 2024 £ £ £ £ £ 1,133,097 138,054 641,743 47,852 827,649 1,102,081 410,824 673,297 48,976 1,133,097 |
|---|---|
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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ROMALDKIRK WITH COTHERSTONE PAROCHIAL CHURCH COUNCIL
STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2025
| Notes Fixed assets Investments 15 Current assets Debtors 17 Cash at bank and in hand Creditors: amounts falling due within 18 one year Net current assets Total assets less current liabilities Net assets excluding pension liability The funds of the charity Endowment funds 19 Restricted income funds 20 Unrestricted funds |
2025 £ 117 84,507 84,624 (193) |
£ 1,017,650 84,431 1,102,081 1,102,081 47,293 670,973 383,815 1,102,081 |
2024 £ 281,141 99,420 380,561 (55) |
£ 752,591 380,506 |
|---|---|---|---|---|
| 1,133,097 | ||||
| 1,133,097 | ||||
| 48,976 673,297 410,824 1,133,097 |
The financial statements were approved by the trustees on 18[th] May 2026.
.............................. Mrs Carol Lynn Trustee
.............................. Mrs Deborah Newman Trustee
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ROMALDKIRK WITH COTHERSTONE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1 Accounting policies
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 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 trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees 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 trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
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 or deeds of covenant is recognised at the time of receipt.
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.
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ROMALDKIRK WITH COTHERSTONE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
1 Accounting policies
(Continued)
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.
1.6 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
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.
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.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
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ROMALDKIRK WITH COTHERSTONE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Donations and gifts | 7,915 | 7,511 |
| Legacies receivable | - | 2,000 |
| Grants | - | 4,280 |
| Other | 1,349 | 1,814 |
| 9,264 | 15,605 | |
| Donations and gifts | ||
| Regular giving | 3,104 | 3,209 |
| Collections at services | 4,692 | 3,613 |
| Gift aid recovered | 119 | 689 |
| 7,915 | 7,511 |
4 Income from charitable activities
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Church activities | ||
| Fees received by PCC (weddings and funerals) | 2,394 | 1,955 |
| Rental income | 550 | 550 |
| 2,944 | 2,505 |
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ROMALDKIRK WITH COTHERSTONE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
5 Income from other activities
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Fundraising events | 4,459 | 3,962 |
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ROMALDKIRK WITH COTHERSTONE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
6 Income from investments
| Unrestricted Restricted Endowment funds funds funds 2025 2025 2025 £ £ £ Income from listed investments 7,883 20,755 1,391 Interest receivable 790 - - 8,673 20,755 1,391 |
Total Unrestricted Restricted Endowment Total funds funds funds 2025 2024 2024 2024 2024 £ £ £ £ £ 30,029 770 20,248 1,320 22,338 790 4,236 - - 4,236 30,819 5,006 20,248 1,320 26,574 |
|---|---|
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ROMALDKIRK WITH COTHERSTONE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
7 Other income
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Net gain on disposal of tangible fixed assets | - | 277,115 |
8 Expenditure on raising funds
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Fundraising and publicity | ||
| Other fundraising costs | 546 | 211 |
9 Expenditure on charitable activities
| Church | Church | ||
|---|---|---|---|
| activities | activities | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Direct costs | |||
| Mission giving and donations | 185 | - | |
| Diocesan parish share contribution | 15,338 | 14,292 | |
| Clergy and staff expenses | 34 | 42 | |
| Church running expenses | 3,748 | 2,781 | |
| Church utilities | 6,010 | 8,295 | |
| Insurance | 6,559 | 6,084 | |
| Repairs to church buildings | 4,120 | 3,848 | |
| LDBF in lieu of village green maintenance | 55 | 1,891 | |
| 36,049 | 37,233 | ||
| Analysis by fund | |||
| Unrestricted funds | 36,049 | 37,233 | |
| 10 | Net movement in funds | 2025 | 2024 |
| £ | £ | ||
| The net movement in funds is stated after charging/(crediting): | |||
| Loss/(profit) on disposal of tangible fixed assets | - | (277,115) |
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ROMALDKIRK WITH COTHERSTONE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
11 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
12 Employees
The average monthly number of employees during the year was:
| 2025 | 2024 | |
|---|---|---|
| Number | Number | |
| Total | - | - |
There were no employees whose annual remuneration was more than £60,000.
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ROMALDKIRK WITH COTHERSTONE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
13 Gains and losses on investments
| Unrestricted | **Restricted ** | Endowment | Total | Unrestricted | **Restricted ** | Endowment | Total | |
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | funds | |||
| 2025 | 2025 | 2025 | 2025 | 2024 | 2024 | 2024 | 2024 | |
| Gains/(losses) arising on: | £ | £ | £ | £ | £ | £ | £ | £ |
| Revaluation of investments | (17,146) | (23,078) | (1,683) | (41,907) | 853 | 15,154 | 1,124 | 17,131 |
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ROMALDKIRK WITH COTHERSTONE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
14 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
15 Fixed asset investments
| Cost or valuation At 1 January 2025 Additions Valuation changes At 31 December 2025 Carrying amount At 31 December 2025 At 31 December 2024 Investments at fair value comprise: CBF Fixed Interest Securities CBF Investment Funds CBF Cash deposit CBF Investment Fund CBF Global Equity Fund 16 Financial instruments Carrying amount of financial assets Instruments measured at fair value through profit or loss 17 Debtors Amounts falling due within one year: Other debtors |
Unlisted investments £ 752,591 307,090 (41,907) 1,017,774 1,017,774 752,591 2025 2024 £ £ 30,901 30,159 315,776 49,135 145,771 125,016 456,168 475,165 69,034 73,116 1,017,650 752,591 2025 2024 £ £ 1,017,650 752,591 2025 2024 £ £ 117 281,141 |
|---|---|
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ROMALDKIRK WITH COTHERSTONE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
18 Creditors: amounts falling due within one year
Other creditors
| 2025 | 2024 |
|---|---|
| £ | £ |
| 193 | 55 |
19 Endowment funds
Endowment funds represent assets which must be held permanently by the charity. Income arising on endowment funds is transferred to general funds before being used in accordance with the objects of the endowments. Any capital gains or losses arising on the assets form part of the fund.
| At | 1 January | 1 January | Incoming | Resources | Transfers | Gains and | Gains and | At 31 | |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | resources | expended | losses | December | |||||
| 2025 | |||||||||
| £ | £ | £ | £ | £ | £ | ||||
| Permanent endowments | |||||||||
| - | - | - | - | ||||||
| Helmer Bequest | 4,258 | 148 | (148) | 104 | 4,362 | ||||
| Raine Bequest | 43,933 | 1,221 | (1,221) | (1,756) | 42,177 | ||||
| Romaldkirk | |||||||||
| church yard | 786 | 22 | (23) | (31) | 754 | ||||
| 48,977 | 1,391 | - | (1,392) | (1,683) | 47,293 | ||||
| Previous year: | At | 1 January | Incoming | Resources | Transfers | Gains and | At 31 | ||
| 2024 | resources | expended | losses | December | |||||
| 2024 | |||||||||
| £ | £ | £ | £ | £ | £ | ||||
| Permanent endowments | |||||||||
| Helmer Bequest | 4,133 | 107 | - | (107) | 124 | 4,257 | |||
| Raine Bequest | 42,950 | 1,192 | - | (1,192) | 983 | 43,933 | |||
| Romaldkirk | |||||||||
| Church Yard | 769 | 21 | - | (21) | 17 | 786 | |||
| 47,852 | 1,320 | - | (1,320) | 1,124 | 48,976 |
The Helmer Bequest is held for the maintenance of St Romald's Church
The Raine Bequest is for the maintenance and renewing of the seating or general maintenance of the fabric, ornaments and equipment of St Romald's Church.
The Romaldkirk Churchyard fund is to maintain the graves of Joshua Watson Coulthard and Alice Coulthard.
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ROMALDKIRK WITH COTHERSTONE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
20 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 1 Smith Bequest Previous year: At 1 Smith Bequest |
January 2025 £ Incoming resources £ Transfers £ Gains and losses £ At 31 December 2025 £ 673,296 20,755 - (23,078) 670,973 January 2024 Incoming resources Transfers Gains and losses At 31 December 2024 £ £ £ £ £ 641,743 20,248 (3,848) 15,154 673,297 |
|---|---|
The Smith Bequest is for the maintenance and repair of the fabric of the churches o f St Romald, Romaldkirk and St Cuthbert, Cotherstone.
21 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 1 General funds Cotherstone School House Romaldkirk UST Baldersdale Field Centre General funds |
January 2025 £ Incoming resources £ Resources expended £ Transfers £ Gains and losses £ At 31 December 2025 £ 101,153 17,457 (35,203) 1,026 - 84,433 25,901 903 - (903) 638 26,539 4,416 123 - (123) (177) 4,239 279,354 6,857 - - (17,607) 268,604 - - (1,392) 1,392 - - 410,824 25,340 (36,595) 1,392 (17,146) 383,815 |
January 2025 £ Incoming resources £ Resources expended £ Transfers £ Gains and losses £ At 31 December 2025 £ 101,153 17,457 (35,203) 1,026 - 84,433 25,901 903 - (903) 638 26,539 4,416 123 - (123) (177) 4,239 279,354 6,857 - - (17,607) 268,604 - - (1,392) 1,392 - - 410,824 25,340 (36,595) 1,392 (17,146) 383,815 |
|---|---|---|
| 383,815 |
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ROMALDKIRK WITH COTHERSTONE PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
| 21 Unrestricted funds Previous year: At General Fund Cotherstone School House Romaldkirk UST Baldersdale Field Centre General funds |
1 January 2024 Incoming resources Resources expended £ £ £ 108,590 25,508 (33,596) 25,146 620 - 4,318 120 - - 277,945 - - - (3,848) 138,054 304,193 (37,444) |
(Continued) Transfers Gains and losses At 31 December 2024 £ £ £ 2,060 - 102,562 (620) 755 25,901 (120) 98 4,416 - - 277,945 3,848 - - 5,168 853 410,824 |
(Continued) Transfers Gains and losses At 31 December 2024 £ £ £ 2,060 - 102,562 (620) 755 25,901 (120) 98 4,416 - - 277,945 3,848 - - 5,168 853 410,824 |
|---|---|---|---|
| 410,824 |
22 Analysis of net assets between funds
| Unrestricted Restricted Endowment funds funds funds 2025 2025 2025 £ £ £ At 31 December 2025: Investments 299,384 670,973 47,293 Current assets/(liabilities) 84,431 - - 383,815 670,973 47,293 Unrestricted Restricted Endowment funds funds funds 2024 2024 2024 £ £ £ At 31 December 2024: Investments 30,318 673,297 48,976 Current assets/(liabilities) 380,506 - - 410,824 673,297 48,976 |
Total 2025 £ 1,017,650 84,431 |
|---|---|
| 1,102,081 | |
| Total 2024 £ 752,591 380,506 |
|
| 1,133,097 |
23 Related party transactions
There were no disclosable related party transactions during the year (2024 - none).
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