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2023-12-31-accounts

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL

ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

CHARITY COMMISSION REGISTERED NUMBER 1127851

CONTENTS: PAGE NO:
TRUSTEES' REPORT 1 - 7
INDEPENDENT EXAMINER'S REPORT 8
STATEMENT OF FINANCIAL ACTIVITIES 9 - 10
BALANCE SHEET 11
ACCOUNTING POLICIES 12 - 14
INCOME AND EXPENDITURE ACCOUNT - WONERSH GENERAL FUND 15
NOTES TO THE ACCOUNTS 16 - 24

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Administrative information

TheParochial Church Council ('PCC') is a body established by theChurch ofEngland, by Act ofParliament. ThePCC operates under the Parochial Church Council Powers Measure (1956, as amended) and Church Representation Rules. The Parish of Wonersh with Blackheath has two churches, St John the Baptist Wonersh & St Martin's Blackheath. It is part of theDiocese ofGuildford, within the Church of England. The correspondenceaddress is St John the Baptist Church, The Street, Wonersh, Surrey, GU5 0PG.

The PCC is registered with the Charity Commission under number 1127851.

Officers of the PCC and Trustees of the Charity who have served from 1 January 2023 until the date the report was

approved are: Vicar: David Peters Church wardens: Alex Vinall Martin Keech Carmina Harlow from April 2023 Deanery Synod Reps: Patricia Allen Anne Heine-Carmichael

Elected Members of the PCC and Trustees of the Charity serving from APCM April 23 - May 24

PCC Secretary: Clive Couzens
Treasurer and Member: Nicholas Gray
Other Members: Nick Bamber from April 2023
Liz Hayley
Anne Heine-Carmichael from April 2023
Liz Lister
Mark Puttick
Jonty Shepard from April 2023
Rosie Twist Co-opted May 2023
Steve Vinall
DCC Blackheath
Vicar: David Peters
Secretary: Christine Sweeting
Treasurer and Member: David Allen until May 2024
Other Members: Patricia Allen
Andrew Quaintance
Lady Kirkwood
Sue Wallis
Linda Williams
Amelia Taylor
Alexandra Jones from April 2023
Carmina Harlow from April 2023

Not members of the PCC but performing financial roles from APCM April 23 - May 24 Co-Treasurer Sarah-Jo Gray Chair of the Finance Committee Charles Wakefield from October 2023

Page 1

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL TRUSTEES' REPORT, continued FOR THE YEAR ENDED 31 DECEMBER 2023

Bank details:

CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

Independent examiners:

Camabelu Limited Fetcham Park House, Fetcham Park Lower Road Fetcham Surrey KT22 9HD

Aim and purposes:

Wonersh with Blackheath PCC has the responsibility for co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the Church; evangelistic, pastoral, social and ecumenical. It also has specific responsibility for the maintenance and booking of Lawnsmead Church Hall in Wonersh. Benefits to the public arising from carrying out thePCC's objectives areexplained within the annual report. ThePCC has complied with its duty to have due regard to the guidance on public benefit, published by the Charity Commission, in exercising its powers or duties.

Objectives and activities:

ThePCC is committed to enabling as many peopleas possibleto worship at our churches and to becomepart ofour parish community at Wonersh with Blackheath. ThePCC maintains an overview of worship throughout theparish and makes suggestions on how our services can involve the many groups that live within our parish. It strives to optimise attendance numbers by fine tuning the types, timings and frequency ofservices to make themost ofour facilities. Our services and worship put faith into practice through prayer and scripture, music and sacrament.

Income from Lawnsmead Hall rentals was reduced in Covid affected years, but is now recovering and shows a 78% increaseover 2022 income. Lawnsmead is well used as both a church and community resource, and is availableto all. Further information on activities undertaken is given below in the 'review of the year' section.

Annually, 10% of all Wonersh giving General Fund income, excluding legacies or specific donations, will be allocated to the Mission Committee for outward giving, and the detail of thebeneficiaries for 2023 is given in the accounts.

Achievements and performance:

The PCC have continued to manage the operation of buildings and resources in the Parish. Health & Safety documents have been prepared for all buildings and a risk assessment undertaken. Fire Extinguishers have been updated and a written Fire Assessment report prepared. Safety and escape signage has been updated and due consideration given to lightning protection, safety procedures and intruder alarm systems.

Page 2

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL TRUSTEES' REPORT, continued FOR THE YEAR ENDED 31 DECEMBER 2023

Achievements and performance: continued

Policies havebeen updated and therehas been continued maintenanceofthe Parish Dashboard. TheAdministrator has updated the Google Drive and has also started moving systems over to iKnow Church, for ease of use and integration with the Life Events Diary. It has now been used for events and ticketing and it holds all rotas. Church Edit haveassisted in thecreation and publication ofa new church website(after somehandover difficulties), which will allow the release from previous expensive and rather unwieldy systems.

The churchyard has been well maintained although issues with grass cutting have led to an intended change of contractor. Surveys ofthe wall have led to ongoing discussion with the Parish Council as to themost prudent and cost-effectiveremedy. Responsibility for thechurch wall remains under discussion between theDiocese and Parish Council. Damaged trees and other trees causing damage within the Vicarage Garden have been removed.

UseoftheVicaragehas continued during theyear with it seeing consistent usefor theUkrainian refugees, as a venue for ‘Mums, Bumps and Babies, as theParish office, for numerous meetings/committees and courses such as LLF and Baptism, and for events such as thegarden BBQ, Family Fun Day, outdoor receptions and inside, another Passover meal, numerous dinners, lunches and brunches.

Further information is given within the various reports.

Financial review:

Net Assets have increased by £38,000 to £1,216,000 during the year mainly due to the unrealised increase in the valuation of the Springfield property. A decision was also taken to set aside £14,000 for the fabric maintance provision similar to last year. The AV fund shows the first year depreciation of the new AV system and this will continueto run down over thenext 3 years. Overall giving was up 10% year on year mainly dueto a couple oflarger donations, while overall costs reduced by 2% in the Wonersh General Fund. This resulted in the General Fund moving into a small surplus position, however this was also helped by the PCC decision to allocate 40% of the Youth Worker costs to the Youth Fund - See Note 5. Overall PGS giving was down by 4% which is disappointing since this will need to continue increase going forward if we are to avoid deficit shortfalls in future years.

Reserves policy:

A historic policy of retaining a fixed amount in reserve was deemed to be unsuitable, and a regular review of reserves was instigated in 2018. The 2023 reserves statement is shown below:

Wonersh Church Reserves Policy:

The Reserves Policy is unchanged from last year. It is the policy of this Church to hold reserves in four separately defined and distinct funds.

General Prudence Fund

The Church will hold reserves equivalent to four months' general running costs, and three months' salary costs. This fund will be known as the General Prudence Fund and, as at December 2023, this value is equivalent to approximately £80,000 (2022 £75,000).

Page 3

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL TRUSTEES' REPORT, continued FOR THE YEAR ENDED 31 DECEMBER 2023

Wonersh Church Reserves Policy: continued

Fabric Maintenance Fund

It is also our policy to hold an amount for likely forthcoming building works that involve replacements or maintenance. This fund will be known as the Fabric Maintenance Fund and as at December 2023 contains a sum equivalent to £31,000 (2022 - £17,000). After a year of modest expenditure an opportunity has been taken to increase general provisions by £9,000 for theChurch, £4,000 for Lawnsmead, and £500 each for the Vicarageand Springfield.

Special Project Fund

We also hold an amount for special projects. This fund is known as the Special Project Fund and as at December 2023 contains approximately £92,500. This includes theAudio Visual Unrestricted Designated Fund as a result of Q4 2022 fund raising. The new AV system was installed in Q1 2023 and cost £46,000 (See Notes 4 and 8). It is being depreciated over 4 years in accordancewith our accounting policy. No further decisions or allocations havebeen made but it is worth noting that this fund could be used to supplement the General Prudence Fund at any time should the PCC deem this necessary. The Outward Giving Fund representing unallocated giving amounts is also a non-designated Fund.

Specific Purpose Fund

Wealso hold funds that aregifted to theChurch for specific purposes or havebeen designated for specific purposes by the PCC. This fund will be known as the Specific Purpose Fund and as at December 2023 contains a sum equivalent to £1,013,000. The sum is made up as follows; £434,000 in restricted legacies / funds and £579,000 designated fund invested in “Springfield”.

These projects reconcile to the funds shown in the Statement of Funds on page 11 of the accounts as follows:

**2023 ** Total General
Prudence
Fund		 Fabric
Maintenance
Fund		 Special
Project Fund		 Specific
Purpose
Fund
£ £ £ £ £
Restricted funds 433,943 433,943
Non-designated funds:
General 98,683 48,202 50,481
Outward Giving 127 127
Unrestricted & Designated Funds:
Marie Peters Legacy 578,740 578,740
RosemaryWedgwood Legacy 31,798 31,798
Audio Visual 41,885 41,885
Fabric Maintenance 31,000 31,000
TOTAL 1,216,176 80,000 31,000 92,493 1,012,683
2022 1,177,772 75,000 17,000 101,106 984,666

It is proposed that, should there be a surplus over and abovethe funds described, thePCC should meet to decide how it can best be used to further the work of the church and to benefit the public.

10% of annual income, excluding legacies and donations for specific projects, will be allocated to the Mission Committee for outward giving.

Page 4

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL TRUSTEES' REPORT, continued FOR THE YEAR ENDED 31 DECEMBER 2023

Wonersh Church Reserves Policy: continued

The Church Reserves Policy will be reviewed every three years. The financial allocations outlined above will be reviewed and included in the accounts annually.

Plans for future periods:

Church lifeseemed to bemorestableduring theyear, entering a new pattern and rhythm. That said, therole ofthe village church in comparison to town centre church is in a state of creative tension and families in particular are finding a new norm, for which church is just one of many routines that need to be compressed into their weekly activity. This has been exacerbated by theon-lineexperiencewhich allows families flexible attendancewith a muchimproved interface allowing the experience to be more real.

Thechallengeis to build the‘in-person’ community which provides a richer, deeper and more meaningful Christian representation while also accommodating (in as much depth and meaning as possible) those for whom on-line worship is all that can be managed. Our key aims are therefore:

• To continue to develop engagement with children and young families in a way that takes faith to them, in their meeting place.

• To continue to nurture relationships through the different communities as they meet on different days of the week, in order to create a cohesive whole.

•To grow in our personal and corporatediscipleship so that our living faith may resonatewith morein our village setting.

•To further develop theprayer lifeofthechurch and continueto introduce, whereresources allow, events/services which develop a varying experience of spirituality.

• Where there appear to be gaps in church membership, we will focus activities in order to try to appeal to these groups and build new worshipping communities through the week.

Structure, Governance and Management:

Thestructure and governance ofthe PCC has been reviewed in previous years and to this structurehas been added confirmation of the role and election of Church Wardens. The method of appointment of PCC members is set out in theChurch Representation Rules (CRR) and in 2018 theAPCMapproved that the PCC should besmaller than would otherwise be required by the CRR, in view of a shortage of candidates. All church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. The Electoral Roll application and confirmation process is underway for the coming year. Members of the PCC are inducted into their role and responsibilities using literature prepared by the Diocesan Department for Mission, Evangelism and Parish Development. Day to day management is delegated by the PCC to the Vicar and Church Wardens.

ThePCC met six times during 2023. In addition to thePCC, new sub-committees havebeen set up alongsidethose already existing. These now cover the following areas:

•Finance

•Mission

•Worship

These committees aim to meet 3-4 times a year, or as required.

Page 5

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL TRUSTEES' REPORT, continued FOR THE YEAR ENDED 31 DECEMBER 2023

Review of the year:

Reporting on a full year in the life of a church is difficult, there is so much to consider, so many people who are involved and deserveto bethanked, and looking forward, so much that wewould wish to achieve. Let metherefore concentrate on where the focus of the church has been and the people that have worked at making it happen.

For a village church in particular, and especially one which aims to provide a range of worshipping experience, a sustainable service structure can only be provided where members of the laity employ their leadership and preaching abilities, along with the retired clergy and clergy for whom theoccasional weekend service can co-exist with other demanding positions. We are fortunate in the Parish to have a number of people willing to help. This year wehaveadded Jan Durrant, theParish Administrator, who is also studying on the Local Ministry Pathway with the Diocese.

Children and Families work in the Parish has been consolidated and grown by Clare Hepworth, the Children and Families Leader. She has continued to grow the Thursday Chatterbox morning to a point where the building is stretched to capacity, but this has been self-limiting and is sustainable. Clare has also commenced a ‘Mums, Bumps and Babies’ group which has an averageof 9-10 mothers a week (serving 25 different mothers during the year) with whom faith has been shared and exampled.

Clare is about to start a prayer morning and support group for the mothers and with an increase in hours after Easter, has a vision to develop hospitality events for the various groups with whom she has contact.

The mid-week service continues to serve a faithful group of our Seniors and they have been treated to separate celebratory events around the holidays and festivals. There is a vision to serve an additional group, starting again with hospitality and a ‘tent of meeting’ in the year ahead.

This emphasis on hospitality has continued to beserved by Liz Hayley, who has created space for fun, food, laughter and spirituality through music, reflections, co-ordination and administration; and we must not forget the production of music rotas and some deeply moving times of sung worship during our services.

Therehavealso been new services introduced such as theweekly Morning Prayer and occasional events such as the Advent meditation and Connect Together evenings. The focus on community has been explored through the church Book Club and Yarnspirations, as well as the Walking Group and, of course, Connect groups.

Jan has continued to serve administratively in the Parish Office and Nick Gray (along with Charlie Wakefield who joined as Chair of the Finance Committee in October 2023) have calmly steered the finances of the church.

St Martin’s Church, Blackheath has had good attendance, especially at thefestivals. During theyear, the position of Churchwarden has been handed from Patricia Allen (to whom we owea debt of gratitudefor her tireless help and guidance) to Carmina Harlow. Therehavebeen a number ofservices and events which now feel established or ready for some development, current examples being the Stations of the Cross exhibition and the Taize reflections of Easter. The Coffee Morning has becomean important place ofmeeting for the village, clearly linked to thechurch, and the Fair provided a wonderful opportunity for church and village to be open to each other. There havebeen several occasional offices at the church during the year.

The opportunity will be taken during the year to reflect on a more contemporary setting for the morning communion and it is intended, after Easter, to start a monthly ‘Morning Prayer’ service, along the lines of that already operating in St John’s. It is intended to prepare Taize style services around the key festivals.

There are opportunities to grow each ofthese aspects of our church lifeand weare working to involveindividuals to take these aims forward, and to be responsible for future growth.

Page 6

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL TRUSTEES' REPORT, continued

FOR THE YEAR ENDED 31 DECEMBER 2023

Review of the year: continued

Wonersh and Shamley Green School:

We maintain strong links with our church school both through assemblies and Open the Book, and also through the Governing Body and other sub-committees, where the Vicar is a member. The Churchwardens and Vicar also represent the PCC with the Wonersh and Shamley Green Church of England School, School Meadow Charity and the Wonersh Church Green Trust. The Vicar is a member of Wonersh United Charity.

Accounts:

The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Financial Reporting Standard applicablein theUK and Republic ofIreland (FRS 102), theCharities Act 2011, theChurch Accounting Regulations 2006 governing the individual accounts of PCCs, and UK Generally Accepted Accounting Practice.

David Peters (Apr 28, 2024 22:24 GMT+1)

signed by REVD. DAVID PETERS CHAIRMAN

26 April 2024 date

Page 7

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL INDEPENDENT EXAMINER'S REPORT TO THE PCC OF WONERSH WITH BLACKHEATH FOR THE YEAR ENDED 31 DECEMBER 2023

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2023 which are set out on pages 9 to 24.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect ofmy examination of thecharity's accounts carried out under section 145 ofthe Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 accounts to be reached.

C Barnard

C Barnard (Apr 29, 2024 09:08 GMT+1)

C N Barnard FCA ICAEW Camabelu Limited Fetcham Park House, Fetcham Park Lower Road, Fetcham Surrey KT22 9HD

Date: 26th April 2024

Page 8

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Note
Note
11
12
13
Cemetery Improvements
2
4
16
NET MOVEMENTS IN FUNDS
Balance at 1 January
Balance at 31 December
NET INCOME/(EXPENDITURE)
Transfers between funds
Church running expenses
Church management and administration
Church Hall running and refurbishment costs
TOTAL EXPENDITURE
Net gains/(loss) on investments
INCOMING RESOURCES
Clergy and staff costs
TOTAL INCOME
RESOURCES USED
Church activities
Ministry
Parish share
Mission giving and Donations
Missionary Societies and other Overseas
Home Missions and other Church Societies
Secular - Charities and Other
Springfield rental income
Interest and Dividends Received
Lawnsmead & Selwyn Room lettings
PCC Fees
Magazine advertising and sundry income
Income from investments
Planned Giving - Donations eligible for Gift Aid
Gift Aid Recovered
Church activites
Voluntary income
Collections at Services and all other giving		 Note Restricted
Restricted Unrestricted
2023
2022
Blackheath
Wonersh
Wonersh
Total
Total
£
£
£
£
£
11,944
907
129,802
142,653
173,916
3,444
425
31,802
35,671
40,929
3,217
8,365
18,201
29,783
69,296
18,605
9,697
179,805
208,107
284,141
7,815
7,815
4,436
1,117
4,169
5,286
2,146
2,522
2,522
5,365
1,117
-
14,506
15,623
11,947
15,300
15,300
15,000
1,248
599
7,141
8,988
2,987
1,248
599
22,441
24,288
17,987
20,970
10,296
216,752
248,018
314,075
Restricted
Restricted Unrestricted
2023
2022
Blackheath
Wonersh
Wonersh
Total
Total
£
£
£
£
£
490
4,956
10,156
15,602
11,546
200
195
3,750
4,145
5,904
1,169
4,369
5,538
7,340
8,285
97,256
105,541
107,031
2,547
6,054
30,886
39,487
28,900
5,286
4,874
23,451
33,611
37,049
2,096
26,934
29,030
21,739
13,527
13,527
10,793
-
-
-
448
11
12
13
2
4
16
20,073
16,079
210,329
246,481
230,750
897
(5,783)
6,423
1,537
83,325
0
(3,964)
3,964
0
0
1,867
-
35,000
36,867
(2,612)
2,764
(9,747)
45,387
38,404
80,713
33,624
407,308
736,840
1,177,772
1,097,059
36,388
397,561
782,227
1,216,176
1,177,772

All income and expenditure derive from continuing activities.

Page 9

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 (PRIOR YEAR COMPARATIVES)

Note
Note
11
12
13
Cemetery Improvements
2
16
Church Hall running and refurbishment costs
TOTAL EXPENDITURE
NET (EXPENDITURE)/INCOME
Balance at 1 January
Balance at 31 December
Net (loss)/gain on investments
NET MOVEMENTS IN FUNDS
Mission giving and Donations
Missionary Societies and other Overseas
Home Missions and other Church Societies
Secular - Charities and Other
Ministry
Parish share
Clergy and staff costs
Church running expenses
Church management and administration
Income from investments
Spingfield rental income
Interest and dividends received
TOTAL INCOME
RESOURCES USED
Church activities
Voluntary income
Planned Giving - Donations eligible for Gift Aid
Gift Aid Recovered
Collections at Services and all other giving
Church activites
Lawnsmead & Selwyn Room lettings
PCC Fees
Magazine advertising and sundry income
INCOMING RESOURCES		 Restricted
Restricted Unrestricted
2022
2021
Blackheath
Wonersh
Wonersh
Total
Total
£
£
£
£
£
11,112
-
162,804
173,916
135,760
3,212
-
37,717
40,929
33,558
2,394
43,136
23,766
69,296
20,150
16,718
43,136
224,287
284,141
189,468
4,436
4,436
3,141
188
1,958
2,146
5,890
5,365
5,365
2,334
188
-
11,759
11,947
11,365
15,000
15,000
14,600
777
170
2,040
2,987
661
777
170
17,040
17,987
15,261
17,683
43,306
253,086
314,075
216,094
Restricted
Restricted Unrestricted
2022
2021
Blackheath
Wonersh
Wonersh
Total
Total
£
£
£
£
£
445
50
11,051
11,546
10,951
210
44
5,650
5,904
3,590
1,090
6,250
7,340
4,436
8,285
98,746
107,031
107,819
2,547
26,353
28,900
31,710
7,328
2,507
27,214
37,049
78,827
1,168
20,571
21,739
24,509
10,793
10,793
12,027
448
448
4,500
21,073
3,049
206,628
230,750
278,369
(3,390)
40,257
46,458
83,325
(62,275)
(2,612)
(2,612)
42,763
(6,002)
40,257
46,458
80,713
(19,512)
39,626
367,051
690,382
1,097,059
1,116,571
33,624
407,308
736,840
1,177,772
1,097,059

All income and expenditure derive from continuing activities.

Page 10

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL BALANCE SHEET AND STATEMENT OF FUNDS AS AT 31 DECEMBER 2023

Note
FIXED ASSETS
Tangible Assets
4
Investments
16
CURRENT ASSETS
Debtors and prepayments
18
Tax Recoverable
CBF Church of England short term deposits
Cash at Bank
LIABILITIES FALLING DUE WITHIN ONE YEAR
Creditors and accruals
19
NET CURRENT ASSETS
NET ASSETS
FUNDS
Note
Restricted
Blackheath
1
Cemetery Extension B Cook
2
Hardship Fund
3
Lawnsmead Capital
4
Youth Fund
5
Note
Unrestricted
Marie Peters Legacy(designated fund,
includes revaluation reserve)
6
Rosemary Wedgewood Legacy
7
Audio Visual Fund
8
Fabric Maintenance
9
Outward Giving
10
General
page 15
TOTAL FUNDS		 2023
2022
£
£
395,984
350,000
596,539
559,672
992,523
909,672
12,146
18,649
14,359
19,494
181,190
174,287
46,750
93,568
254,445
305,998
30,792
37,898
223,653
268,100
1,216,176
1,177,772
2023
2022
£
£
36,388
33,624
8,846
7,782
4,349
4,349
350,000
350,000
34,360
45,171
433,943
440,926
2023
2022
£
£
578,740
543,740
31,798
30,403
41,885
50,938
31,000
17,000
127
125
98,683
94,640
782,233
736,846
1,216,176
1,177,772

The accounts were approved by the PCC and authorised for issue on 28th April 2024 and were signed on its behalf by:

David Peters (Apr 28, 2024 22:24 GMT+1)

REVD. DAVID PETERS Chairman

Nick Gray (Apr 29, 2024 08:08 GMT+1) NICHOLAS GRAY FCA Joint Honorary Treasurer

Page 11

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES FOR THE YEAR ENDED 31 DECEMBER 2023

GENERAL INFORMATION AND BASIS OF PREPARATION

Wonersh with Blackheath Parochial Church Council is a body established by the Church of England, by Act of Parliament. The correspondence address is given in the trustees report. The PCC is a public benefit entity as defined by FRS 102, and these accounts contain information about the charity as an individual body. The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP 2019) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011, the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and UK Generally Accepted Accounting Practice. The charity has complied with the requirements of FRS 102, and with the provisions of the SORP currently in effect.

The accounts have been prepared under the historical cost convention modified to include certain items at fair value. Theaccounts havebeen prepared on a going concern basis as the trustees have assessed the going concern position and have no reason to believe that there areany material uncertainties that would affect the ability of the PCC to continue as a going concern for the foreseeable future.

The accounts are presented in sterling, which is the functional currency of the charity and rounded to the nearest

Thesignificant accounting policies applied in the preparation of theseaccounts areset out below. Thesepolicies have been consistently applied to all years presented unless otherwise stated.

Funds

General funds represent the funds of thePCC that are not subject to any restrictions regarding their use and are available for application on thegeneral purposes of thePCC. Designated funds compriseunrestricted funds that have been set aside by the trustees for particular purposes. Theaim and use ofeach designated fund is set out in the notes to the accounts.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost ofraising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the accounts.

The accounts include all transactions, assets and liabilities for which the PCC is responsiblein law. They do not includetheaccounts ofchurch groups that owetheir main affiliation to another body or thosethat areinformal gatherings of church members.

INCOME RECOGNITION

Voluntary income and capital sources

Collections arerecognised when received by, or on behalf of, the PCC. Planned giving receivable under Gift Aid is recognised only when received. Income tax recoverable on Gift Aid donations is recognised when the incomeis recognised. For donations to be recognised, the charity will have been notified of the amounts and the settlement date in writing. There are no donated facilities or donated professional services. No amount is included in the accounts for volunteer time in line with the SORP (FRS 102), but is described in the trustees’ report.

For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. Grants to the PCC are accounted for as soon as the PCC is notified ofits legal entitlement, theamount dueis quantifiableand its ultimate receipt by thePCC is reasonably certain.

Page 12

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued FOR THE YEAR ENDED 31 DECEMBER 2023

INCOME RECOGNITION continued

Other income

Rental income from the letting of church premises is recognised when the rental is due. Investment income is included in the accounts when receivable.

Investment gains and losses

This includes any gain or loss on thesaleofinvestments and any gain or loss resulting from revaluing investments to market value at the end of the year.

EXPENDITURE RECOGNITION

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to thecategory. Expenditure is recognised wherethere is a legal or constructiveobligation to make payments to third parties, it is probable that the settlement will be required and the amount of theobligation can be measured reliably. Expenditure is categorised in line with the layout set out in the ‘PCC Accountability’ guidance on accounts, reports and scrutiny – this is shown as follows:

Governance costs such as the cost of PCC meetings and Independent Examination costs are set against general funds on page 15.

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

Grants

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. Grants payable to third parties are within the charitable objectives.

Activities directly relating to the work of the church

Thediocesan parish shareis accounted for when paid. Any parish share 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.

Tax

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011.

FIXED ASSETS

Land and buildings

Per Church Accounting Regulations, and SORP (FRS 102), land and buildings can beleft at cost or revalued to fair or market value. Details of all properties are given in note 4 below.

No depreciation is provided on buildings as the currently estimated residual value of the properties is not less than their carrying value and the remaining useful life of these assets currently exceeds 50 years, so that any depreciation charges would be immaterial. An impairment review is carried out at each year-end and any resultant loss identified is included in expenditure for the year.

Consecrated property and moveable church furnishings

Consecrated and beneficed property ofany kind is excluded from theaccounts in linewith s10(2) of theCharities Act 2011, where the assets should not be included in the accounts but may be referred to in the notes. Costs associated with the maintenance or improvement of such assets will be taken directly to the Statement of Financial Activities in the year in which they are incurred. Details of all such properties are given in note 4 below.

Page 13

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued FOR THE YEAR ENDED 31 DECEMBER 2023

FIXED ASSETS - Consecrated property and moveable church furnishings, continued

Moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which requirea faculty for disposal, are accounted for as inalienable property unless consecrated. They arelisted in the church’s inventory which can be inspected (at any reasonable time). For inalienable property acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired since 1 January 2000 subject to expenditure levels set out in the following paragraph will be capitalised and depreciated in the accounts over their currently anticipated useful economic life on a straightline basis.

All expenditure incurred on consecrated or beneficed buildings whereindividual items cost under £1,000 or on the repair of moveable church furnishings acquired before 1 January 2000 is not capitalised.

Other fixtures, fittings and office equipment

Equipment used within the church premises is depreciated on a straight-line basis over 3 or 4 years. Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired.

Investment property

investment property is measured initially at cost and subsequently at fair (or market) value at the reporting date. Investment property is not depreciated.

Investments

Investments quoted on a recognised stock exchangeor whosevaluederives from them (CIFs etc) arevalued at fair value at year end.

Cash and cash equivalents

Cash and cash equivalents include cash in hand and cash deposits with financial institutions that are readily convertible to known amounts of cash with an insignificant risk of change in value.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are stated at transaction price.

Provisions

Provisions arerecognised when thecharity has an obligation at the balancesheet dateas a result ofa past event, it is probablethat an outflow ofeconomic benefits will berequired in settlement and the amount can bereliably estimated.

Pensions

Details of the pension accounting policy are set out in note 15.

Page 14

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL STATEMENT OF FINANCIAL ACTIVITIES – WONERSH GENERAL FUND ONLY FOR THE YEAR ENDED 31 DECEMBER 2023

INCOME
PGS Giving
Other Gift Aided Donations
Tax Recoverable on Gift Aid
Interest received - CBF General Fund
Selwyn Room hire
Collections, donations, legacies and grants
Magazine Advertising
Net clerical fees retained by PCC
Chatterbox donations
Less:
10% Appropriation to Outward Giving
Other income
Springfield rental income
Bank charges and service fees
Other Church activities
Lawnsmead Hall
Independent Examiner Fees & professional fees
Donations
Courses and subscriptions
Springfield utilities and maintenance
General Fund balance 31 December
Net income/(deficit) for the year
EXPENDITURE
The Parish Share net of Blackheath contribution -£8,285
(2022 £8,285)
The Ministry
The Church and services
General Fund balance 1 January*		 Note
10
11
12
13
14
20		 2023
2022
£
£
76,448
80,027
54,711
35,387
31,802
28,509
20,359
23,330
183,320
167,253
(17,916)
(16,956)
165,404
150,297
5,746
1,645
362
246
2,190
2,479
4,169
1,958
899
436
332
2,886
15,300
15,000
194,402
174,947
97,256
98,746
30,886
26,353
32,451
36,214
10,074
10,603
2,232
2,162
906
336
422
1,155
4,240
5,642
11,752
12,513
140
99
190,359
193,823
4,043
(18,876)
94,640
113,516
98,683
94,640

** fees payable to the PCC's examiner for theexamination ofthe financial statements amounted to £1,800 (2022 £1,440).

Page 15

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL NOTES TO ACCOUNTS – WONERSH FOR THE YEAR ENDED 31 DECEMBER 2023

1. BLACKHEATH

The Blackheath District Church Council funds of £36,388 (2022 £33,624) are restricted funds within the combined accounts and the movements are outlined in the Statement of Financial Activities set out on pages 9 and 10.

2. CEMETERY EXTENSION - BEATRICE COOK FUND (RESTRICTED)

2. CEMETERY EXTENSION - BEATRICE COOK FUND (RESTRICTED)
2023 2022
£ £
Balance 1 January 7,782 7,060
Income - Deposit account interest 599 170
Donation 465 1,000
Expenditure - Cemetery extension - (448)
Balance 31 December 8,846 7,782
This fund is to be used for the purpose of improving and extending the cemetery.
Expenditure
Balance 31 December
3. HARDSHIP FUND (RESTRICTED)
Balance 1 January		 2023
2022
£
£
4,349
4,999
-
(650)
4,349
4,349

This fund is to beused for thepurpose ofassisting thosein need of financial help. In the prior year a donation of£650 was made to a PCC member - this donation was approved by the Mission Giving Committee.

4. LAWNSMEAD CAPITAL FUND (RESTRICTED) AND TANGIBLE FIXED ASSETS

Equipment (Unrestricted):
Cost 1 January
Additions at Cost*
Depreciation 1 January
Depreciation for the year
Net book value of equipment at 31 December
Lawnsmead Hall - at value in use (restricted)
Balance 31 December		 AV Fund
(unres desig)
General
Fund
2023
2022
£
£
£
£
-
1,328
-
-
45,889
10,529
56,418
-
-
(1,328)
-
-
(8,648)
(1,786)
(10,434)
-		 AV Fund
(unres desig)
General
Fund
2023
2022
£
£
£
£
-
1,328
-
-
45,889
10,529
56,418
-
-
(1,328)
-
-
(8,648)
(1,786)
(10,434)
-
37,241
8,743		 45,984
-
350,000
350,000
395,984
350,000

** Included in current year additions is the purchase of a new piano for the vicarage, and for the church. Contributions were made towards the new pianos, as well as to church music, and these have been shown as Wonersh restricted funds on page 9. As the monies have been spent in full on depreciable assets, a transfer has been made from the restricted fund to the unrestricted fund.

*Lawnsmead Church Hall is a Victorian building, originally the village school, which contains 3 meeting rooms, the main hall, the Turner room and the Jubilee room. The Church Hall was included for the first time in the accounts in 2000 at a ‘value in use’ figure of £350,000. The insurance valueof Lawnsmead Hall is now approximately £430,000. Due to the age of the building, it would be impossible to calculate the current actual cost. On transition to SORP (FRS102), the ‘value in use’ figure was deemed as the asset’s cost at that date. The PCC do not intend a policy of revaluation for this property.

The Cemetery Chapel is held on behalf of the Parish but no value is attributed to it in these accounts. Based upon independent advice this building has an insurance valuation of £100,000 to cover rebuilding.

No values havebeen attributed to theWonersh Church building or the churchyard ( the church of St John the Baptist, Wonersh ), the cemetery at Blackheath nor the Blackheath Church building ( St Martin’s ) in accordance with the Charities Act 2011 s10(2) [consecrated and benefice property] and the guidance given in the Church Accounting Regulations.

Page 16

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL NOTES TO ACCOUNTS – WONERSH, continued FOR THE YEAR ENDED 31 DECEMBER 2023

5. YOUTH FUND (RESTRICTED)

5. YOUTH FUND (RESTRICTED)
Youth Fund donations
Expenditure - 40% of Youth Director costs from General Fund
note 11
Legacy
Balance 1 January
Expenditure - books and materials for youth group activities
Balance 31 December		 2023
2022
£
£
45,171
4,986
117
-
-
42,042
(4,874)
(1,857)
(6,054)
-
34,360
45,171

This fund is to be used for the purpose of supporting youth and children's activities.

6. MARIE PETERS LEGACY (UNRESTRICTED DESIGNATED)

Net gain on investment
note 16
Balance 31 December
Balance 1 January		 2023
2022
£
£
543,740
543,740
35,000
-
578,740
543,740

This fund is unrestricted but was designated by thePCC to be used for thepurchase ofa property (Springfield, seenote 16) in the village to house a church youth worker. Theproperty was let to a third party in 2019 on a temporary basis which arrangement continued throughout 2023. The PCC reclassified it as an investment property in 2020 and it is included at its fair value at the year end.

7. ROSEMARY WEDGWOOD LEGACY (UNRESTRICTED DESIGNATED)

7. ROSEMARY WEDGWOOD LEGACY (UNRESTRICTED DESIGNATED)
Deposit account interest
Balance 1 January
Balance 31 December		 2023
2022
£
£
30,403
30,008
1,395
395
31,798
30,403

This fund is unrestricted but has been separately designated by thePCC. Thepurposeoftheremaining balanceis yet to be defined by the PCC.

8. AUDIO VISUAL FUND (UNRESTRICTED DESIGNATED)

10% Appropriation to Outward Giving
note 10
Depreciation of AV System
note 4
Donations (reversed)/received
Balance 31 December
Balance 1 January
Tax refundable for gift aid		 2023
2022
£
£
50,938
-
(450)
47,390
-
9,208
45
(5,660)
(8,648)
-
41,885
50,938

A new AV system was contracted for after a fund raising exercise in Q4 2022. Its cost of £45,889 is shown in Note 4.

Page 17

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL NOTES TO ACCOUNTS – WONERSH, continued FOR THE YEAR ENDED 31 DECEMBER 2023

9. FABRIC MAINTENANCE FUNDS (UNRESTRICTED DESIGNATED)

Balance from 1 January 2023
Expenditure
Balance as 31 December 2023
Total
Garage door deposit
Fire extinguisher servicing
Church Roof review for solar panels
Expenditure
Fire risk assessment
Income allocation from General Fund
3 New doors		 Church
Vicarage
Lawnsmead
Springfield
Total
£
£
£
£
£
10,000
1,000
5,000
1,000
17,000
10,979
885
4,973
1,082
17,919
20,979
1,885
9,973
2,082
34,919
(1,979)
(385)
(973)
(582)
(3,919)
19,000
1,500
9,000
1,500
31,000
580
385
385
-
1,350
-
-
525
-
525
-
-
-
582
582
960
-
-
-
960
439
-
63
-
502
1,979
385
973
582
3,919

This fund is unrestricted and is designated by the PCC to be used for the upkeep and maintenance of the church buildings. ThePCC anticipates theneed for ongoing repair and maintenanceand on an annual basis approves a transfer from general funds to fund ongoing maintenance costs.

PRIOR YEAR FABRIC MAINTENANCE FUNDS

Balance from 1 January 2022
Expenditure
_Balance as 31 December 2022
Patio maintenance
Rainwater Goods repair
External painting
Expenditure
Fire extinguishers & Servicing
Total
_Income allocation from General Fund
Church Signage
Electrical testing & Remediation
Replacement Oven & Safety improvements **		 Church
Vicarage
Lawnsmead
Springfield
Total
£
£
£
£
£
1,000
500
1,000
500
3,000
15,543
932
12,338
2,080
30,893
16,543
1,432
13,338
2,580
33,893
(6,543)
(432)
(8,338)
(1,580)
(16,893)
10,000
1,000
5,000
1,000
17,000
817
432
330
-
1,580
3,009
-
1,849
-
4,858
-
-
4,284
-
4,284
2,286
-
-
-
2,286
-
-
1,875
-
1,875
-
-
-
1,580
1,580
431
-
-
-
431
6,543
432
8,338
1,580
16,893

* see notes 12, 14 and 13 respectively together with Page 14 for Springfield movements.

** Note 13 Repairs and Maintenance includes an insurance recovery of £4,434 in respect of the oven.

10. OUTWARD GIVING
General Church
Junior Church		 2023
2022
£
£
29
27
98
98
127
125

Page 18

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL NOTES TO ACCOUNTS – WONERSH, continued FOR THE YEAR ENDED 31 DECEMBER 2023

10. OUTWARD GIVING, continued

Special Collections
Burundi Appeal
Tearfund (Pakistan floods / Harvest Festival appeal)
Balance 31 December
Distributions: Special Collections (see below)
Balance 31 Dec
Junior Church
Balance 1 Jan
Children's Society
Missionary societies and other Overseas:
Compassion - Child sponsorship
Home Mission:
Royal British Legion
North Guildford Food Bank
Outward Giving (provision carried forward)
Additional donation from General Fund
Income: Appropriation from Audio Visual Fund
General Church
Balance 1 Jan
Income: Appropriation from General Fund
Special Collections		 27
26
page 15
17,916
16,956
note 8
(45)
5,660
406
336
5,151
94
(17,869)
(22,615)
(5,557)
(430)
29
27
98
98
98
98
4,906

-
50

50
406

336
_
5,362
_386
20

-
175

22
-
22
195
44
5,557
430
2022
2023		 27
26
page 15
17,916
16,956
note 8
(45)
5,660
406
336
5,151
94
(17,869)
(22,615)
(5,557)
(430)
29
27
98
98
98
98
4,906

-
50

50
406

336
_
5,362
_386
20

-
175

22
-
22
195
44
5,557
430
2022
2023		 27
26
page 15
17,916
16,956
note 8
(45)
5,660
406
336
5,151
94
(17,869)
(22,615)
(5,557)
(430)
29
27
98
98
98
98
4,906

-
50

50
406

336
_
5,362
_386
20

-
175

22
-
22
195
44
5,557
430
2022
2023		 27
26
page 15
17,916
16,956
note 8
(45)
5,660
406
336
5,151
94
(17,869)
(22,615)
(5,557)
(430)
29
27
98
98
98
98
4,906

-
50

50
406

336
_
5,362
_386
20

-
175

22
-
22
195
44
5,557
430
2022
2023
20
175
-		 -
22
22
5,557 430

Special Collections are funds collected by the charity to be paid out, or passed on, to another charity. Of thetotals above, £5,151 (2022 £94) is included in the Statement of Financial Activities on page 9 and 10 (as income and expenditure) but is not included in the Wonersh General Fund on page 15.

Outward Giving
Missionary Societies and other Overseas:
Tear Fund
Ukrainian support
Charlotte Richards (World Horizons)
Ema and Viorel Tulpan (Golgotha Church)
Bible Society
Viva
GLO
Wonersh & Shamley Green School
Wonersh Church Green Trust
Guildford Bell Ringers
Home Mission:		 3,250
-
-
-
-
3,250
3,250
9,750
3,250
350
150
3,750
2023		 1,075
695
2,890
2,890
275
2,890
-
10,715
5,150
350
150
5,650
2022

Page 19

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL NOTES TO ACCOUNTS – WONERSH, continued FOR THE YEAR ENDED 31 DECEMBER 2023

10. OUTWARD GIVING, continued

Four Villages Day Centre
YMCA
North Guildford Food Bank
Footsteps
WonCare
Short term mission budget
Age Concern
Secular Charities:		 300
3,250
-
-
100
519
200		 300
2,890
2,260
500
100
-
200
4,369
17,869		 6,250
22,615

The donations above are all paid to institutions. At the year end, a provision of 10% is made (see page 15). The allocation ofthis provision is proposed by theMissionary Committeeand approval is given by thePCC. Theintention of the PCC is for funds to be paid to the donees in the first half of the next financial year. There are no performance related conditions attached to these provisions. The provision madeat 31 December 2023 of £17,869 is included in creditors per note 19. In the prior year an amount of £2,890 for missing giving awarded in prior years had not been paid out and was carried forward in creditors, in addition to a Special Collection amount of£91. Thesehave now been paid out in full.

11. THE MINISTRY
Worship, Secretarial and administration salaries
note 15
Youth Director salary and employment costs
note 15
Pension costs
note 15
Youth group activities
Photocopying, website, stationery and telephone
Allocation to Youth Fund
note 5
UNRESTRICTED WONERSH
Wonersh Total
Blackheath contribution to expenses
Working expenses		 2023
2022
£
£
155
1,718
18,115
10,795
12,742
12,199
2,092
366
-
-
6,383
3,822
39,487
28,900
(2,547)
(2,547)
(6,054)
-
30,886
26,353

12. THE CHURCH AND SERVICES

12. THE CHURCH AND SERVICES
Repairs, maintenance and equipment
Transfer from fabric fund
note 9
Top up Church fabric maintenance provision
note 9
Upkeep of services
Music and organ
Cemetery upkeep
Churchyard upkeep *
Heat, light and water
Insurance
Church cleaning		 2023
2022
£
£
7,904
2,931
4,150
3,050
(827)
10,760
(1,979)
(6,543)
10,979
15,543
1,861
1,840
1,285
532
2,735
2,639
3,023
3,907
3,320
1,555
32,451
36,214

Page 20

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL NOTES TO ACCOUNTS – WONERSH, continued FOR THE YEAR ENDED 31 DECEMBER 2023

13. LAWNSMEAD HALL

note 9
note 9
Insurance
Cleaning
Repairs and maintenance
Transfer from fabric fund
Top up Lawnsmead fabric maintenance provision
Total expense
Net Cost
Total Income
Expense
Heat, light, water & telephone
Income
Letting		 2023
2022
£
£
7,453
4,190
7,453
4,190
7,624
2,932
649
1,526
3,593
725
1,661
5,610
(973)
(8,338)
4,973
12,338
17,527
14,793
(10,074)
(10,603)

14. OTHER CHURCH ACTIVITIES

note 4
note 9
note 9
Vicarage expenses*
Transfer from fabric fund for vicarage expenditure
Social activities (incl vicar leaving party)
Total Expense
Top up Vicarage fabric maintenance provision
Outreach and evangelism
Wonersh contribution to expenses
Blackhealth contribution to expenses
Parish magazine costs
Depreciation - equipment
Sundry expenses		 2023
2022
£
£
4,280
4,340
1,786
-
275
215
4,897
5,990
(385)
(432)
885
932
-
28
1,182
2,608
12,920
13,681
(1,168)
(1,168)
11,752
12,513

*Therearedonations of£600 (2022-£600) included within Other Gift Aided Donations on page 15 that werespecifically made to contribute towards the Vicarage expenses.

15. STAFF COSTS
Other salaries
Totals
Youth Director's salary
Pension contributions		 2023
2022
£
£
12,742
12,199
2,092
366
18,115
10,795
32,949
23,360

Information on the pension scheme is shown on the next page - the operating costs of the pension scheme are paid by the Church of England.

Page 21

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL NOTES TO ACCOUNTS – WONERSH, continued FOR THE YEAR ENDED 31 DECEMBER 2023

15. STAFF COSTS, continued

All social security costs werecovered by theEmployment Allowance. Theaverage number of staffemployed during the year was 3 (2022 - 3). There are no employees who received total emoluments ofmore than £60,000. Expenses were reimbursed to 7 (2022 – 5) PCC members (trustees) in the year, totalling £5,545 (2022 £10,477). All expenses related to the running of the church. OnePCC member received a donation of£500 (2022 £nil) to support a mission trip to Burundi. One member of the PCC resides at the Vicarage, since the Vicar lives elsewhere - a contribution of £50 per month is made to the PCC in respect of utility bills.

Total trustee and key management personnel remuneration benefits were £nil (2022 £nil) – key management personnel are considered to be the officers and elected members of the PCC, as listed on the first page of the trustees report. Donations received from Trustees in the year amounted to £82,659 (2022 £36,622), as a combination of regular giving, one-off giving and Special Collections/Special Giving Appeals.

NOTES ON CHURCH WORKERS PENSION FUND (CWPF) – December 2023 Year End

Wonersh with Blackheath PCC participates in thePension Builder Schemesection ofCWPF for lay staff. The Schemeis administered by theChurch ofEngland Pensions Board, which holds theassets oftheschemes separately from thoseof the Employer and the other participating employers. The Church Workers Pension Fund has a section known as the Defined Benefits Scheme, a deferred annuity section known as Pension Builder Classic (PB Classic) and a cash balance arrangement known as Pension Builder 2014 (PB 14).

Pension Builder Scheme

The Pension Builder Schemeof theChurch Workers Pension Fund is madeup oftwo sections, Pension Builder Classic and Pension Builder 2014, both of which are classed as defined benefit schemes: PB Classic provides a pension for members for payment from retirement, accumulated from contributions paid and converted into a deferred annuity during employment, based on terms set and reviewed by the Church of England Pensions Board from time to time. Discretionary increases may also be added, depending on investment returns and other factors. PB 14 is a cash balanceschemethat provides a lump sum that members use to provide benefits at retirement. Pension contributions arerecorded in an account for each member. This account may havebonuses added by the Board before retirement. Thebonuses depend on investment experienceand other factors. Thereis no requirement for the Board to grant any bonuses. The account, plus any bonuses declared, is payable from members' Normal Pension Age.

There is no sub-division of assets between employers in each section of the Pension Builder Scheme.

Theschemeis considered to bea multi-employer schemeas described in Section 28 ofFRS 102. This is becauseit is not possible to attribute the Pension Builder Scheme’s assets and liabilities to specific employers, and means that contributions are accounted for as if theScheme werea defined contribution scheme. The pensions costs charged to the SOFA in the year are contributions payable and amounted to £2,092 (2022 £366).

Afull and independent check of thePension Builder Scheme is carried out once every three years - this check is called an actuarial valuation. The most recent valuation was carried out as at 31 December 2022.

For thePB Classic section, the2022 valuation revealed a surplus of£34.8m on theongoing assumptions used. Thereis no requirement for deficit payments at the current time.

For the PB 14 section, the 2022 valuation revealed a surplus of £2m on the ongoing assumptions used. There is no requirement for deficit payments at the current time.

Thelegal structureoftheschemeis such that ifanother employer fails, thePCC could become responsiblefor paying a share of the failed employer's pension liabilities. Although the PB Classic and PB 14 sections are similar to defined contribution (DC) schemes in many ways, they arenot DC schemes and there is a risk that thebenefits may not beable to be provided without further contributions from the employers.

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WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL NOTES TO ACCOUNTS – WONERSH, continued FOR THE YEAR ENDED 31 DECEMBER 2023

16. FIXED ASSET INVESTMENTS
Listed Investments (restricted)
Market value at 1 January
Additions
Net gains/(losses)
Market value at 1 January
Net gains
Market value at 31 December
Market value at 31 December
Total Market value 31 December
Investment Properties (unrestricted designated)		 2023
2022
£
£
19,672
22,284
-
-
1,867
(2,612)
21,539
19,672
540,000
540,000
35,000
-
575,000
540,000
596,539
559,672

Listed investments are all with the Central Board ofFinance ofthe Church of England Investment Account,relating to Blackheath DCC Income Endowment fund – fair value at 31 December 2023 was £21,539 (2022 - £19,672).

A freehold residential property ‘Springfield’ was purchased in September 2014 (see note 6) to housea church youth worker – theproperty was previously included in theaccounts as a freehold property and was included at its historic cost. This asset is included within theMarie Peters Fund. Since2020, theproperty has been let continuously to third parties and was reclassified in an earlier year as an investment property. The PCC asked Seymours Estate Agents in December 2023 to supply a marketing value and the property was visited by an agent and a value of £575k (2022 - £540k) was supplied. Seymours is based in the locale and therefore has experience in the location and the type of property being valued. Springfield is let under an Assured Shorthold Tenancy Agreement. This reflects a rental of £1,400 pcm and is due to expire on 15 November 2024. The rental income is included in Wonersh general funds (unrestricted) on page15.

Springfield is an unrestricted but designated asset, as designated by thePCC. ThePCC chosenot to designate therental incomeupon theproperty first being let. Thereareno restrictions on the realisability of theinvestment property and, should it be sold, the PCC would revisit the original designation as to whether it remained appropriate for the proceeds of disposal.

17. OPERATING LEASES - LESSOR

Thetotal futureminimum leasepayments under non-cancellableoperating leases, for each of thefollowing periods, is as follows and all relate to land and buildings:

18. DEBTORS AND PREPAYMENTS
Receivables
Other debtors and prepayments
Deposit for Church Solar System /AV System
Later than five years
Not later than one year
later than one year and not later than five years		 2023
2022
£
£
14,700
13,125
-
-
-
-
14,700
13,125
2023
2022
£
£
3,234
3,798
5,771
5,693
3,141
9,158
12,146
18,649

At the year end the PCC had paid a deposit for a solar panels system - this was paid to secure a quoted price. The project is subject to planning and the deposit will be refunded if planning is not obtained.

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WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL NOTES TO ACCOUNTS – WONERSH, continued FOR THE YEAR ENDED 31 DECEMBER 2023

19. CREDITORS

Payables
Other creditors and accruals
Outward giving		 2023
2022
£
£
17,869
25,596
8,028
5,017
4,895
7,285
30,792
37,898

Accruals include deferred income of £nil (2022 £35) relating to Lawnsmead bookings.

20. WONERSH FUND RECONCILIATION

page 15
note 7
Audio Visual Fund movement
note 8
note 9
note 9
note 9
note 9
Fabric maintenace fund movement (vicarage)
Net income/(expenditure) - Wonersh general fund
Fabric maintenance fund movement (church)
Rounding
Fabric maintenance fund movement (Lawnsmead)
Interest rec'd Rosemary Wedgewood legacy fund
Fabric maintenance fund movement (Springfield)		 2023
2022
£
£
4,043
(18,876)
1,395
395
(9,053)
50,938
9,000
9,000
500
500
4,000
4,000
500
500
2
1
10,387
46,458

TheWonersh General Fund as shown on page15 does not includeany restricted or designated fund movements. This note shows a reconciliation between the Wonersh General Fund and the Wonersh unrestricted column as shown in the Statement of Financial Activities as shown on page 9.

21. ANALYSIS OF NET ASSETS BY FUND

As at 31 December 2022
Current assets
Current liabilities
As at 31 December 2023
Tangible fixed assets
Investment fixed assets
Tangible fixed assets
Investment fixed assets
Current assets
Current liabilities		 Unrestricted Restricted
Total
£
£
£
45,984
350,000
395,984
575,000
21,539
596,539
190,693
63,752
254,445
(29,444)
(1,348)
(30,792)
782,233
433,943
1,216,176
Unrestricted Restricted
Total
£
£
£
-
350,000
350,000
540,000
19,672
559,672
233,809
72,189
305,998
(36,963)
(935)
(37,898)
736,846
440,926
1,177,772

22. RELATED PARTY TRANSACTIONS

There are no related party transactions other than those disclosed in note 15.

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