**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**
**----- Start of picture text -----**
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
**----- End of picture text -----**
## **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:
- 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:
- promoting in the parish the whole mission of the church, pastoral, evangelistic, social and ecumenical in cooperation with the rector;
- preserving the fabric of and Christian worship in St Romald’s and St Cuthbert’s churches;
- 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.
- 1 -
## **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
- 2 -
## **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
- 2 the financial statements do not accord with those records; or
- 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
- 3 -
## **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|
- 4 -
## **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.
- 5 -
## **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**
- 6 -
## **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.
- 7 -
## **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.
- 8 -
**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|
- 9 -
## **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|
- 10 -
## **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|
|---|---|
- 11 -
## **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)|
- 12 -
## **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.
- 13 -
## **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|
- 14 -
## **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|
|---|---|
- 15 -
## **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.
- 16 -
## **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|
- 17 -
## **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).
- 18 -