## St Mary the Virgin Horsell
The Annual Parishioners Meeting And the Annual Parochial Church Meeting on 28[th] April 2024, at 11:30am St Mary’s Church, Horsell
## **Index to Book 1**
## **Annual meeting of parishioners and annual parochial church meeting**
Agenda for 2024 meetings 2 Minutes of 2023 meetings 3 **Annual report for the year ended 31[st] December 2023 Annual review** Membership 10 Electoral Roll, PCC, and Church attendance 11 PCC Review of the Year 11 Review of the Deanery Synod Year 12 Safeguarding & DBS Report 13
## **Financial Statements**
|Outward Giving|16|
|---|---|
|Financial Review|17|
|Independent Examiner’s report|20|
|Statement of Financial Activities|21|
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## **Agendas for the Annual Meeting of Parishioners and the**
## **Annual Parochial Church Meeting of St Mary the Virgin, Horsell**
## **11.30am on Sunday 28th April 2024 in St Mary's Church**
## **Annual Meeting of Parishioners**
You are entitled to vote in the election of Churchwardens if you are either on the Church Electoral Roll or on a register of Local Government Electors because you live in the ecclesiastical parish.
- 1 Prayers
- 2 Apologies
- 3 Minutes of the 2022 Annual Meeting of Parishioners
- 4 Election of Churchwardens for 2024 – 2025
## **Annual Parochial Church Meeting**
You are entitled to vote at the Annual Parochial Church Meeting (APCM) if you are on the Church Electoral Roll.
- 1 Minutes of 2023 Annual Parochial Church Meeting
- 2 Annual Report for 2023
- a) Electoral Roll
- b) Report on the fabric, goods, and ornament
- c) PCC Review of the Year - Mark McMurtrie
- d) Financial Statements – David Leach
- 3 Appointment of the Independent Examiner
- 4 Elections
- a) Deanery Synod
- b) Parochial Church Council
- 5 Annual Reports from Church Organisations (Book 2)
- 6 Vicar’s report for 2023
- 7 Update on St. Andrew’s Room extension – Brian Sheriff
- 8 Update on the children and families’ work – Rebecca Connolly
- 9 Any Other Business (prior agreed)
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## **Minutes of the Annual Meeting of Parishioners and the Annual Parochial Church Meeting held at**
**11:15 am on Sunday 30 April 2023 in St Mary’s Church, Horsell**
## **Minutes of the Annual Meeting of Parishioners**
**1 Prayer –** Revd Dmitry Lutsenko opened the meeting and Mike Couper said a prayer.
**2 Apologies –** Gill and Barry Squibb. 45 Parishioners were present.
**3 Minutes of the Annual Meeting of Parishioners –** Proposer – Alan Nichols, Seconder – Vanessa McMurtrie, approved by a majority.
**4 Election of Churchwardens for 2023 – 2024** – The Vicar thanked Mike Couper and Brian Sheriff for their support and for doing a wonderful job as churchwardens. He thanked Mike Couper for 8 years of continuous service, particularly throughout the Vacancy. The parishioners showed their appreciation with applause and the vicar presented him with a gift from St Mary’s. There are two nominees this year: Brian Sheriff and Mark McMurtrie. Brian Sheriff and Mark McMurtrie were elected as churchwardens by a majority as follows: 40 in favour, 4 abstentions, and 1 against. Many thanks to them both.
## **Annual Parochial Church Meeting**
**1 Minutes of the 2022 Annual Parochial Church Meeting –** Proposer – Colin Bugler, Seconder – Tony Bicknell, approved by a majority.
## **2 Annual Report for 2022**
- **a) Electoral Roll –** 153 parishioners are listed on the Electoral Roll (153 at the end of 2022).
- **b) Report on the fabric, goods, and ornaments –** Everything is in good order.
- **c) PCC Review of the Year –** Sarah Bugler gave a brief summary from this report and thanked the PCC, as well as the subcommittees, for all their work and time commitment. The vicar reminded the meeting that the approved minutes are displayed. Previous minutes are kept in a folder at the back of the church. The PCC secretary was thanked with a gift.
- **d) Financial Statements –** David Leach gave a presentation of the financial statements with slides. David went through the slides: income, expenditure, and planned giving. David thanked everyone for their planned giving. He discussed income trends as well as inflation, and higher costs. He spoke about looking forward to the Church Development Plan, a good response to a Just Giving Page to raise funds for the Church clock repair, and thanked people for donations towards the lighting project. Many thanks to the PCC treasurer.
**3 Appointment of the Independent Examiner** – David Weller would like to continue as the Independent Examiner. Proposer – John Locke, Seconder– Alan Nichols, appointed by everyone.
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## **4 Elections**
- **a) Deanery Synod** – The vicar thanked David Leach, Gill Squibb, and Ruth Carter who were the representatives in 2022. The parishioners showed their appreciation with applause. Ruth Carter resigned, and the others have reached the end of their term of office. Thank you to all of them. The nominees are David Leach and Gill Squibb. Everyone approved them.
- b) **Parochial Church Council –** The vicar thanked everyone who served on the PCC during the year. The nominees are Lesley Templeman, Tim Jordan, Michael Templeman, and Adrian Harvey. They were elected as follows: 44 in favour, 1 abstention.
**5 Annual Reports from Church Organisations (Book 2) –** The vicar thanked all contributors to Book 2. If you have a question, please ask the author of that particular report.
## **6 Vicar’s Report for 2022 –** Revd Dmitry Lutsenko
We are blessed with so many different ministries at St Mary’s (you can read about them all in Book 2). A lot of the ministries did not have any major changes in 2022 to report. They provided consistency and continuity of their ministry and brought us closer to fulfilling our church vision: _**‘Making Jesus known, getting to know Jesus better and Sharing Jesus’ love in the community and world.’**_ In this report I would like to draw your attention to those ministries that did go through some changes and developments in 2022.
1. Early in the year, the PCC and **former children’s worker** , Marcus Brookfield, came to an agreement to part company. A group of parents stepped in to ensure that the children’s activities, such as JaM and Messy Church, can continue. After a series of consultations with the PCC and the stakeholders, we are now seeking to recruit - ‘ **Children and Families’ Ministry Lead,’** a new role that requires greater focus on strategy, planning and managing teams of volunteers. Mark McMurtrie will provide you with more details on this development under the item 8 of the APCM agenda.
2. Midway through the year, the editorial team behind **Horsell Matters** , our parish magazine, saw some changes. Vanessa McMurtrie with support of Olya Lutsenko became new editors to ensure the continuity of the magazine, after the former editor Sue Rowlatt resigned. As well as the editorial team, there are numerous contributors and distributors behind the magazine. All of them make the magazine – the success, as it is!
3. After two years of Covid, in 2022 we restarted our monthly service at **Kettlewell House** , a care home in Horsell, which was followed by a termly service at **Horsell Lodge** . Many thanks to all those who support these initiatives, and offer their services as a pianist, member of choir and a reader.
4. In November, the interim safeguarding team was appointed to oversee **safeguarding** in our church, after our former safeguarding officer, Roger King, resigned. _(As you already know Sandra Hare-Bayliss is our new Safeguarding officer from March 2023)_
5. During 2022 the subcommittee and later the PCC worked on **the church development plan (CDP),** covering our plans for growth and development in the near future. The plan has been looked at and discussed with the Diocesan Mission enabler and the Archdeacon of Dorking and was well received. The CDP is an ever-evolving document that the PCC is committed to discussing and progressing at every PCC meeting.
6. One of our priorities on the CDP is ‘ _to provide worship suited to the new members’_ , this resulted in us experimenting with **an alternative style of communion service** , which happens on the fifth Sunday of the month.
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7. Our long-standing ministry **‘Pop in coffee’** on Fridays grew in numbers over the last year. We are now considering extending it by offering an activity that will go over the lunch time into an afternoon (e.g., several options are being discussed).
8. **Pastoral team** has seen changes in leadership. Hilary Mills got married to John Michell and stepped down as the team leader after many years of leading the team, although she continues to be part of the team. Janet Johnson has stepped in to lead the team going forward. Many thanks to Hilary and Janet and the team for offering such a vital ministry to the members of our congregation.
9. Open the Book ( **OtB)** team increased their involvement with the Village School and now go there on a fortnightly basis, which is in addition to weekly visits to Junior school and termly visits to St Andrew’s school. Many thanks to Roz and all the team.
10. In 2022 St Mary’s were awarded a bronze **Eco-church** award. In 2023 we are on track to achieve the silver one. Many thanks to the eco-church subcommittee offering us a direction of travel in this area.
11. **Fundraising campaign** was organised by David Leach in September to raise awareness of various ministries that take place at St Mary’s and encourage the members of our congregation to review their giving to St Mary’s to enable these ministries to grow and flourish. Thank you all who took their time to review their giving.
12. Our **involvement with the local community** continued in 2022. As well as regular annual events, Heritage Weekend and Christmas Tree Festival, we also ran some one-off events for the community, to name a few: Ukraine response Donation point, English classes, Cake sale, Climbing the church Tower, Oiling the Cedar tree stump and Planting the New Cedar tree events. Thank you to all who organised and supported these events.
13. One of the things that we continuously working on is bringing St Mary’s to the 21st century. In 2022 we got better at using **technology** . Our Sunday and ‘life events’ services are being streamed live and recorded on St Mary’s YouTube channel. For the first time **EVER** , we introduced an online booking system to book ‘Climb the Tower’ event in March 2022. We were actively using Facebook to inform residents of Horsell about our regular activities and one-off events. We are in the process of installing a new more-advanced lighting system.
14. In 2022 we saw some developments with **St Andrew’s Room extension.** We are now at a planning permission stage. Many thanks to Brian Sheriff and the subcommittee for their work on the project.
Finally, I would like to thank the churchwardens, the staff team, the PCC, Helen in the office and all those ‘behind the scenes’ for their hard work!
**7 Update on the St Andrew’s room extension** – Brian Sheriff gave an update report on the St Andrew’s room extension project. The main emphasis is on gaining permission as necessary, from the PCC, the Diocese and Woking Borough Council (WBC). An exhibition was held and was well attended.
Historic England, Diocesan Advisory Committee (DAC), and the architect had a meeting in February. The next step is to seek PCC approval.
The latest set of plans which are on display in the SAR were drawn up in November. Soon there will be more changes and a new set of plans: DAC and WBC will be asked to agree to that, then Consistory Court will be the next step. If you have a contact at WBC, please speak with Brian. Brian answered the following questions:
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Are you waiting for this to be approved? There will be new PCC approval, DAC and WBC, then the Consistory Court.
What are the estimated costs of the current plans? The survey costed the plans last year. There may be more plans and more changes so there will be a new estimated cost when that is done.
Is the plan to let out the rooms to organisations when the new St Andrew’s room is finished? Yes.
Is there a concern that the difficulty with parking may be an issue? Many lettings are in the evening, and in the evening, there is more parking available. Most bookings are weekends and evenings. Ideas for parking can be explored for the future. The treasurer confirmed that bookings raise a good income.
**8 Update on the Recruitment of the Children and Families Ministry Lead –** Mark McMurtrie gave an update report on this recruitment. He reported that there has been wide engagement with everyone to try to clarify St Mary’s needs for this role. The Diocese has resources and a team to support the recruitment process.
The PCC discussed the type of role, and the subcommittee was set up. Members are : Revd Dmitry Lutsenko, Mike Couper, David Leach, Sandra Bayliss-Hare, Lesley Templeman, and Mark McMurtrie. They have worked on the role description, a wide communication project, national and local advertising (Horsell matters and social media), as well as noticeboards, looking for the right candidate. The deadline was last Friday 28 April. Some applications have been submitted.
This week the subcommittee will review CVs and keep driving forwards. There will also be interviews, school visits, and the PCC will be involved.
The vicar reminded people to pray, and thanked Mark McMurtrie for this report.
## **9 Any Other Business (prior agreed with the PCC secretary) –** No other items of business for this meeting.
The Grace Prayer was said together to close the meeting.
Revd Lutsenko thanked everyone for attending the meeting.
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Church of St Mary the Virgin Horsell
PCC Annual Report for 2023
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## **Directory**
- www.stmarys horsell.org.uk
Incumbent: Reverend Dmitry Lutsenko Tel: 01483 755618 The Vicarage, Wilson Way, Horsell, Woking, Surrey Email: vicar@stmarys-horsell.org.uk
Children & Families’ Worker: Rebecca Connolly Tel: 07388 931904 Email: childrenandfamiliesstmarys@gmail.com
Parish Administrator: Helen Gravette 01483 772134 Email: stmaryshorsell@btinternet.com Parish Office, The Vicarage, Wilson Way, Horsell, Woking, Surrey (Tues 9am-4pm, Wed, Fri 9am-I pm)
Wardens: Brian Sheriff, Barcroft House, Littlewick Road, Horsell, Woking, Surrey 01483 474975 Mark McMurtrie, 6 Bedford Close, Horsell, Woking, Surrey Tel: 07815 635609 Secretary: Sarah Bugler Treasurer: David Leach Bank: CAF Bank 25 Kings Hill Avenue, West Malling, ME19 ATA
Independent Examiner: David Weller
Charity registration number: 1128175
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## **Annual Report for the year ended 31[st] December 2023**
The Parochial Church Council (PCC) is responsible for co-operating with the incumbent in promoting in the ecclesiastical parish of Horsell the whole mission of the Church, pastoral, evangelistic, social, and ecumenical. It also has maintenance responsibility for the Church of St. Mary the Virgin, Horsell and its grounds.
## **PCC Membership**
The incumbent, churchwardens and synod representatives are automatically members of the PCC. Other members are elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules or are co-opted by the PCC.
During the year, the following served as members of the PCC:
Incumbent: Reverend Dmitry Lutsenko
Wardens: Mark McMurtrie
Brian Sheriff
Representatives on the Deanery Synod:
David Leach (from APCM 2023)
Gill Squibb (from APCM 2023)
Elected members:
Sarah Bugler
Elaine Davies
Helen Teresa Edwards
Sarah Gladstone (until APCM 2023)
Mark McMurtrie (until APCM 2023)
Vanessa McMurtrie
Brian Rowlatt (until APCM 2023)
Lesley Templeman Michael Templeman (from APCM 2023) Tim Jordan (from APCM 2023)
Adrian Harvey (from APCM 2023)
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## **1 Electoral Roll**
At the end of the year there were 156 on the Church Electoral Roll (the same at the end of 2022).
## **2 Church Attendance**
The usual Sunday attendance, counted during October, was 56 (76 in October 2022) Easter Sunday attendance was 145 (167), Christmas Eve was 96 (77), and on Christmas Day 106 (120).
## **3 Fabric, Goods and Ornaments**
The Churchwardens have undertaken the annual inventory of the goods and fabric of the Church and report that all are on good order.
## **4 PCC Review of the Year 2023**
There were 13 members of the PCC, who met 6 times in 2023 and the average attendance was 80%.
Safeguarding was discussed at each PCC meeting and there were no concerns raised requiring further action throughout the year.
At the PCC meeting in **January** , it was agreed to proceed with the recruitment of a Children and Families Ministry Lead. The financial budget for the year was also approved. Feedback on the Archdeacon’s visitation was provided confirming that the Archdeacon was pleased by all the work put into the Church Development Plan and that he was satisfied with how the Parish is being managed and the quality of record keeping. The PCC also agreed to commence the project for replacement of the church lighting.
In **March** , we discussed the Church Development Plan, focussing on the topics of Prayer and Worship. We agreed to trial an alternative style of communion service on the 5th Sunday.
We were provided with an update on the Church Clock and Lighting replacement project. The PCC also approved the annual accounts. The name of the new Parish Safeguarding Officer was confirmed.
In **May** , we welcomed three new members to the PCC and said farewell to three others. At this PCC meeting the appointment of PCC officers and members of the various subcommittees were approved.
Additionally, the PCC approved the following resolution: The PCC agrees that a Faculty to carry out extension work on St Andrews Room, as recommended by Guildford DAC, now be forwarded to the Consistory Court in London for approval. Also, an update was provided on the progress being made to dismantle a section of the churchyard wall. We heard that the damage caused by the break-in to the Church and Vestry had been rectified.
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At the **July** meeting we heard that Rebecca Connolly had accepted the offer to be our Children and Families’ Worker and would be starting in August. We agreed to run ‘The Bible’ course starting in the Autumn. We had further discussions on the style of services and types of music.
In **September** we held discussions on reintroducing the Common Cup during Communion. This resulted in the Church Wardens being tasked with conducting a more extensive discussion with member of the congregation. We continued to discuss service styles. At the meeting the PCC of St Mary the Virgin, Horsell adopted the Policy on the Recruitment of Ex-Offenders. We also started planning for the busy Christmas period. The PCC agreed to the recommendation of Grahame Wood as a PCC Foundation Governor at the Horsell CofE Junior School for a 4-year term of office. To accelerate the rebuilding of the churchyard wall we agreed to retain a professional bricklayer.
At the meeting in **November** , we heard that the Diocese was pleased with the progress being made on our Church Development Plan. The PCC agreed to continue with intinction for Communion at the 10 am service. Further discussions were held on the style of service at the 10am service on the 1st and 5th Sundays and about the style of music and choice of hymns and worship songs. The PCC of St Mary the Virgin, Horsell, approved all of the following policies: Conflict of Interest Policy, Complaints Policy, Serious Incident Policy (revised) and The Financial Controls Policy. We discussed the progress made with Children and Families work following the appointment of Rebecca Connolly.
## **5 Review of the Deanery Synod Year**
Deanery Synod continues to meet three times a year.
At the January 2023 meeting, the main item on the agenda was connecting with the community.
Presentations were received from Knaphill on running a community fridge, Goldsworth Park on Andy’s Café and Christ Church on their café.
Being an online meeting, we were able to receive a presentation from a church in Chorlton, Manchester. The church collected spare winter coats and clothing in the autumn and then gave away the clothing over the winter.
The aim of all these initiatives is mission and not just running a business. A lot of effort, prayer and trust in God was required to make these initiatives work. There is a desire to create community places to share surplus food/clothing, particularly with those in need.
We heard that Ripley had left Woking Deanery to join with Ockham and Downside. The diocesan synod update included the Diocesan Youth Strategy which is being funded by the national church Strategic Development Fund.
The June 2023 meeting was on small group ministry. 83% of churches in Woking deanery had identified small groups as a priority area through the parish needs process. The aim of small group ministry is to grow disciples.
We heard that New Haw were merging with West Byfleet. The diocesan synod update included the Diocesan local ministry plan.
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At the October 2023 meeting, we had a presentation on the Diocesan local ministry programme. There are three strands:
1. Licensed ministry as an ordinand or licensed lay minister
2. Lay associate minister course teaching foundations of ministry for lay leaders
3. Theology hub providing public events with speakers on theology
Deanery synod are seeking a new lay chair and a new secretary. The current post holders feel that it is now time for them to pass the role on. The diocesan synod update advised that diocesan priorities include the Parish Needs Process, revitalisation of struggling parishes, youth ministry, school academisation, property management and net carbon zero.
## **6 Safeguarding and Disclosure and Barring Service Checks**
Sandra Bayliss-Hare was appointed as Parish Safeguarding Officer and Brian Sherriff as DBS validator in April, 2023.
The PCC has continued to give due regard during the year to the House of Bishops’ Safeguarding Policy, which adopts the C of E’s ‘Promoting a Safer Church’ policy statement, the House of Bishops’ practice guidance and the supporting diocesan safeguarding protocols. The PCC agreed to the policy statement at the PCC meeting held on Monday, 15th May, 2023.
DBS checks have continued throughout the year. Safeguarding training has been a high priority this year, with a number of group and individual face-to-face training sessions taking place as well as online training. As a result of this prioritisation, and the consistently high compliance with the policy, St. Mary’s has been promoted to level 3 of the Safeguarding Dashboard (the highest level achievable).
Two incidents were referred to the Diocesan Safeguarding Team for consideration and advice, but no action was required. There are no outstanding concerns.
Due to personal issues, Sandra Bayliss-Hare has temporarily stepped down from the responsibility of Parish Safeguarding Officer. She hopes to take up the role again towards the end of the year. In the interim, Lesley Templeman has stepped into the role of PSO, with the support of Helen Gravette.
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**Horsell Parochial Church Council Financial Report for the year ended 31[st] December 2023**
## Annual Parochial Church Meeting
## **Financial Statements of Horsell Parochial Church Council**
**For the year ending 31[st] December 2023**
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**Horsell Parochial Church Council Financial Report for the year ended 31[st] December 2023**
## **OUTWARD GIVING 2023**
**----- Start of picture text -----**
From church Special Direct giving Totals
funds collections
Locally
York Road Project 1,500
York Road Project (On Your Own Lunch group)
York Road Project (Sunday Coffee) 100 1,600
Engage Woking Schools 1,171 1,171
Lighthouse (Sunday Coffee) 100 100
Woking Hospice (Pop In Coffee) 150 150
Horsell Church of England Junior School 3,000 3,000
Young Carers - Junior School (Pop In Coffee) 200 200
Young Carers - Woking High (Pop In Coffee) 390 390
Nationally
Children's Society (Christingle Collection) 1,000 586
Children's Society (Pop In Coffee) 100 1,686
The Bible Reading Fellowship 2,000 2,000
A Rocha 1,050 1,050
MacMillan Coffee morning 475
MacMillan Coffee morning (Pop In Coffee) 100
MacMillan (Sunday Coffee) 100 675
Globally
Bible Society 1,250 1,250
Five Talents 1,250 1,250
Christian Aid 1,000
Christian Aid (Harvest Collection) 360
Christian Aid (Christian Aid week Collection) 2,799
Christian Aid (Sunday Coffee) 100 4,259
13,221 4,220 1,340 18,781
**----- End of picture text -----**
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**Horsell Parochial Church Council Financial Report for the year ended 31[st] December 2023**
## **Financial Review**
## _Income and Expenditure_
Planned and voluntary giving with associated gift aid is our primary source of income. Planned giving and cash collections in 2023 was in line with 2022.
Investment income increased further in 2023 benefitting from higher interest rates on bank deposits and increased rental income from 6 Waldens Park Road.
In 2023, maintenance work was undertaken to replace the church lighting, repair the church clock and rebuild the churchyard wall. We are extremely grateful to Horsell community with over 100 individuals contributing to the clock repair donating a total of £5,410. We are also grateful to the individuals and companies that donated to the church lighting upgrade. In 2023, we received £9,600 from the Department of Culture under the listed places of worship grant scheme and £1,750 from the Benefact Trust.
In 2023, income totalled £178,153. Income was £17k higher than 2022 due to the donations and grants detailed in the paragraph above.
We continue to donate 10% of our unrestricted income to key mission partners as we believe it is a joy to give from what God has so generously given to us and share Jesus' love in our world.
Expenditure in 2023 included £10,493 on rebuilding the churchyard wall. We are grateful for the voluntary preparation work performed by Tim Jordan which reduced the overall cost by tens of thousands of pounds.
The lighting in the church was upgraded at a total cost of £53,171. This represented a transfer from unrestricted cash to a designated fixed asset. A depreciation charge of £10,634 (20%) has occurred in 2023. The new lighting is forecast to use 85% less power, reducing our overall electricity bill by a third.
2023 saw the highest inflation in a generation. The Parish Share is our most significant outgoing at £94,932, a below inflation rise of 1.5% on 2022.
Utility costs rose the most in 2023 trebling from £3,392 to £9,597. Insurance increased 13% to £4,667. Costs of running the parish office were £11,511.
The PCC are delighted to welcome Rebecca Connolly who joined us as our children and families worker in August 2023. Expenditure on children’s work was lower in 2023 as we did not have an employed children and families worker for the first seven months of the year.
Overall, expenditure and income are broadly in line. 2023 has benefitted from high interest rate income which may not continue whilst higher prices are likely to remain.
## _Investments_
The PCC holds a mix of cash deposits and investment funds.
Investment values increased £58,729 for the year to 31 December 2023. The PCC have elected to invest ethically through CCLA’s Church of England funds.
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**Horsell Parochial Church Council Financial Report for the year ended 31[st] December 2023**
## **Risk Management**
In line with best practice the PCC is aware of the risks to which it is exposed in the following categories:-
- Financial risks
- Reputational risk
- Statutory and legal requirements
- Operational risk
- Safeguarding
There is a robust structure of various sub-committees reporting to the PCC and independent financial management. The PCC reviews its risk register at least annually and, having given consideration to the major risks to which the PCC is exposed, are satisfied that systems and procedures are established in order to manage those risks.
## **Reserves Policy**
It is the long term policy of the PCC for annual income to cover annual budgeted expenditure. The PCC have accrued reserves from investment gains and are utilising these funds to support growth of our church over the short to medium term.
Legacies are excluded from the annual budgeted income.
The PCC’s policy on reserves is to have sufficient in order to fund known future expenditure with an appropriate contingency.
The unrestricted reserves at 31 December 2023 were £163,196.
## **Related Charities**
_Parish Institute_ - The Trustees of the Parish Institute are the Incumbent of St Mary’s and the Bishop of Winchester. The PCC assists the Incumbent in carrying out their role. There were no financial transactions between the Parish Institute and the PCC during 2023.
## **Structure of the Financial Statements**
The PCC accounts consist of the following including comparative figures for the previous year:
- Statement of financial activities showing all resources available and all expenditure incurred and reconciling all changes in funds.
- Balance sheet setting out the assets, liabilities and funds of the PCC
- Notes to the financial statements explaining the accounting policies adopted and explanations of information contained in the accounting statements
The financial statements have been prepared in accordance with statutory requirements, the Statement of Recommended Practice _Accounting and Reporting by Charities 2015 (SORP)_ and the Church Accounting Regulations.
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**Horsell Parochial Church Council Financial Report for the year ended 31[st] December 2023**
## **Responsibilities of the PCC**
Under charity law, the PCC is required to prepare financial statements for this financial year which show a true and fair view of the state of affairs of the charity and of the net movement in funds. In preparing the financial statements, generally accepted practice requires the PCC to:
- Select suitable accounting policies and apply them consistently.
- Make judgements and estimates that are reasonable and prudent.
- State whether applicable accounting standards and Statements of Recommended Practice have been followed, subject to any material departures disclosed and explained in the financial statements.
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume the PCC will continue in business.
The PCC is responsible for keeping proper accounting records which disclose with reasonable accuracy, at any time, the financial position of the PCC and enable them to ensure that the financial statements have been prepared in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities (SORP 2015), issued in July 2014, UK Accounting Standards and the Charities Act 2011. The PCC has general responsibility for taking such steps as are reasonably available to safeguard its assets and to prevent and detect fraud and other irregularities. The PCC confirms that its assets are available and adequate to fulfil its obligations.
## **Adoption of report and financial statements**
Adopted and signed on behalf of the PCC.
Dmitry Lutsenko **Chairman Date 18 March 2024**
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**Horsell Parochial Church Council Financial Report for the year ended 31[st] December 2023**
## **Report of the Independent Examiner to Horsell Parochial Church Council**
This report is on the financial statements of the PCC for the year ended 31[st] December 2023 which are set out on pages 7 to 16 and is in respect of an examination carried out in accordance with section 145 of the Charities Act 2011 (‘the Act’) and the Church Accounting Regulations 2006 (‘the Regulations’).
## **Respective responsibilities of trustees and examiner**
The Church Trustees are responsible for the preparation of the accounts. The Church Trustees consider that an audit is not required as set out in Section 144(2) of the Act and Regulations and that an independent examination is needed.
It is my responsibility to:
- examine the accounts and ensure that they are kept in accordance with section 145 of the Act
- to report if the accounts do not accord with the accounting records or do not comply with the General Directions given by the Commissioners section 145(5)(b) of the Act (other than in respect of the requirements for a true and fair view) and
- state whether particular matters have come to my attention
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the general directions given by the Charity Commission and as contained in the Church guidance. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the financial statements.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
1. Which gives me reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 130 of the Act; and
- to prepare accounts which accord with the accounting records and comply with the regulations, as also contained in the Church Accounting Regulations 2008 have not been met: or
2. To which in my opinion attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Signed :
David Weller DMA, ONC/HNC 27 February 2024
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**Horsell Parochial Church Council Financial Report for the year ended 31[st] December 2023**
## **Statement of Financial Activities**
## **For the period from 01 January 2023 to 31 December 2023**
||**Unrestricted**
**Designated**
**Restricted**
**Total**
**Prior year**
**funds**
**funds**
**funds**
**funds**
**total funds**|
|---|---|
|**Receipts**
Planned giving
Collections and other giving
Other voluntary receipts
Gift Aid recovered
Other receipts
Activities for generating funds
Investment income
Receipts from church activities
**Total income**
**Payments**
Cost of generating funds
Missionary and Charitable Giving
Parish Share
Clergy and Staffing costs
Church Running Expenses
Church Repairs & Maintenance
New Building work
**Total expenditure**
Gains / losses on investment assets
**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**
**Represented by**
**Unrestricted**
General fund
**Designated**
Bell Tower Fund
Buildings, Fixtures and Fittings
Church Growth Fund
Flower Fund
Organ fund
St Andrew's Room extension
**Restricted**
Family Worker
Restricted Endowment Fund|70,244
129
—
70,373
70,094
11,266
1,280
—
12,546
12,954
12,488
5,410
—
17,899
2,586
13,732
—
1,339
15,071
14,861
578
—
—
578
—
554
140
—
694
364
26,286
28,518
980
55,786
43,590
5,144
60
—
5,205
6,552|
||**140,294**
**35,539**
**2,319**
**178,153**
**151,003**
485
340
—
825
715
12,571
—
—
12,571
12,162
94,932
—
—
94,932
93,558
1,624
857
9,559
12,042
21,463
29,601
12,090
10,493
52,185
43,714
3,857
2,546
—
6,404
1,903
—
3,984
—
3,984
28,546|
||**143,073**
**19,818**
**20,053**
**182,944**
**202,064**|
||41,956
—
16,772
58,729
(120,636)
980
53,473
7,712
62,167
18,271
(58,829)
(2,356)
(980)
(62,167)
(18,271)|
||**(18,671)**
**66,838**
**5,771**
**53,938**
**(171,697)**|
||**181,868**
**1,200,681**
**207,472**
**1,590,022**
**1,761,720**|
||**163,196**
**1,267,519**
**213,243**
**1,643,960**
**1,590,022**
163,196
—
—
163,196
181,868
—
2,864
—
2,864
—
—
742,537
—
742,537
700,000
—
83,500
—
83,500
58,656
—
111
—
111
—
—
2,618
—
2,618
2,153
—
435,887
—
435,887
439,871
—
—
1,034
1,034
1,543
—
—
212,209
212,209
205,929|
7
**Horsell Parochial Church Council Financial Report for the year ended 31[st] December 2023**
## **Balance Sheet as at 31[st] December 2023**
|**Balance Sheet as at 31st December 2023**||
|---|---|
||**Total funds**
**Prior year funds**|
|**Fixed assets**
Tangible assets
Investments
**Current assets**
Debtors
Cash at bank and in hand
**Liabilities**
Creditors: Amounts falling due in one year
**Net current assets less current liabilities**
**Total assets less current liabilities**
**Total net assets less liabilities**
**Represented by**
**Unrestricted**
General fund
**Designated**
Bell Tower Fund
Buildings, Fixtures and Fittings
Church Growth Fund
Flower Fund
Organ fund
St Andrew's Room extension
**Restricted**
Family Worker
Restricted Endowment Fund
**Funds of the church**|742,537
700,000
642,515
583,785|
||**1,385,052**
**1,283,785**
15,040
14,861
244,172
291,419|
||**259,212**
**306,280**
304
44|
||**304**
**44**|
||**258,908**
**306,236**|
||**1,643,960**
**1,590,022**|
||**1,643,960**
**1,590,022**
163,196
181,868
2,864
—
742,537
700,000
83,500
58,656
111
—
2,618
2,153
435,887
439,871
1,034
1,543
212,209
205,929|
||**1,643,960**
**1,590,022**|
Approved by the Parochial Church Council on 18 March 2024 and signed on its behalf by:
Dmitry Lutsenko (Chairman)
David Leach (Treasurer)
8
**Horsell Parochial Church Council Financial Report for the year ended 31[st] December 2023**
## **Notes to the Financial Statements for the year ended 31[st] December 2023**
**Total**
|**INCOME**
**Planned giving**
0101 - Planned Giving - Bank
0110 - Planned Giving - Envelopes
0551 - Donations - General
0553 - Donations - Childrens Worker
Total
**Collections and other giving**
0301 - Cash Collections - Gift Aid
0310 - Cash Collections
0401 - Cash Collections - Charitable
0501 - Miscellaneous Income
Total
**Other voluntary receipts**
0550 – Donations – Lighting
0701 – Donations – Bell Tower
0701 - Legacies
0801 - Other Organisations
Total
**Gift Aid recovered**
0601 - Tax recoverable on Gift Aid
Total
**Other receipts**
1310 – Insurance claim
Total
**Activities for generating funds**
0901 - Other funds generated
1410 - Bellringers & Flowers
Total
**Investment Income**
1001 - Dividends
1020 - Bank Interest
1040 - Rent from lands or buildings
Total
**Receipts from church activities**
1101 - Church Fees
1110 - Churchyard Fees
1241 - General Fund raising - social
events
Total|**Unrestricted Designated**
**Restricted**
**This year**
**Last year**
59,178
—
—
59,178
57,181
7,799
—
—
7,799
8,178
3,266
129
—
3,395
4,734
—
—
—
—
—|
|---|---|
||70,244
129
—
70,373
70,094
5,329
40
—
5,369
5,479
5.937
1,240
—
7,177
6,433
—
—
—
—
42
—
—
—
—
1,000|
||11,266
1,280
—
12,546
12,954
11,350
—
—
11,350
—
—
5,410
—
5,410
—
—
—
—
—
—
1,138
—
—
1,138
2,586|
||12,488
5,410
—
17,899
2,586
13,732
—
1,339
15,071
14,861|
||13,732
—
1,339
15,071
14,659
578
—
—
578
—|
||578
—
—
578
—
—
—
—
—
143
554
140
—
694
220|
||554
140
—
694
364
18,723
—
980
19,704
20,475
7,563
—
—
7,563
2,995
—
28,518
—
28,518
20,119|
||26,286
28,518
980
55,786
43,590
2,557
—
—
2,557
1,974
1,946
—
—
1,946
1,323
641
60
—
702
3,255|
||5,144
60
—
5,205
6,552|
|**INCOME TOTAL**|**140,294 **
**35,539**
**2,319**
**178,153**
**151,003**|
|**EXPENDITURE**
**Cost of generating funds**
1740 - Investment management costs
1750 - Church Growth
2511 - General Fund raising - social
events
Total|388
—
—
388
399
—
340
—
340
—
97
—
—
97
316|
||485
340
—
825
715|
9
## **Horsell Parochial Church Council Financial Report for the year ended 31[st] December 2023**
|**Missionary and Charitable Giving**
1801 - Giving - Missionary Societies
1830 - Giving - Relief and
Development Agencies
1850 - Giving - Home Mission
1870 - Giving - Secular Charities
1880 - Giving – Other organisations
Total
**Parish Share**
1901 - Diocesan Quota
Total
**Clergy and Staffing costs**
1910 - Clergy Cover
2001/5 - Vicar Working Expenses
2010 - Vicarage Expenses - Water
Rates
2031 - Curate House Expenses -
Repairs & Maintenance
2032 - Curate House Expenses -
Insurance
2040/4 - Children's Worker
Total
**Church Running Expenses**
2101 - Church Running Expenses -
Gas
2102 - Church Running Expenses -
Electric
2103 - Church Running Expenses -
Insurance
2104/7 - Church Running Expenses -
Minor Equip
2201 - Upkeep of Services -
Bread/Wine/Candles
2202 - Upkeep of Services - Service
Resources
2203 - Confirmations & Baptisms
2204 - Flower Arrangers
2205 - Bell Ringers
2210 - Music & Subscriptions
2212 - Organ & Piano
2300 - Churchyard - Labour
2301 - Churchyard - Water Rates
2302 - Churchyard - Waste
2303 - Churchyard -
Supplies/Repairs/Maintenance
2501 - Training
2502 - JAM
2504 - Toddler/After School Services
2601/10 - Parish Office
2615 - Other Organisations Admin
2620/2710 - Depreciation
Total
**Church Repairs & Maintenance**
2105 - Church Repairs &
Maintenance
Total|4,250
—
—
4,250
1,250
2,250
—
—
2,250
2,250
4,421
—
—
4,421
7,162
1,600
—
—
1,600
1,500
50
—
—
50
—|
|---|---|
||12,571
—
—
12,571
12,162
94,932
—
—
94,932
93,558|
||94,932
—
—
94,932
93,558
173
—
—
173
192
922
—
—
922
1,051
528
—
—
528
435
—
308
—
308
700
—
548
—
548
509
—
—
9,559
9,559
18,573|
||1,624
857
9,559
12,042
21,463
6,088
—
—
6,088
2,315
3,509
—
—
3,509
1,077
4,667
—
—
4,667
4,142
375
—
—
375
151
1,015
—
—
1,015
50
564
121
—
685
467
—
—
—
—
153
—
380
—
380
60
671
—
—
671
398
265
—
—
265
110
110
954
—
1,064
110
—
—
5,585
5,585
—
85
—
—
85
80
300
—
408
708
623
79
—
4,499
4,579
18,341
—
—
—
—
80
35
—
—
35
63
101
—
—
101
343
11,511
—
—
11,511
11,143
216
—
—
216
2,849
—
10,634
—
10,634
786|
||29,601
12,090
10,493
52,185
43,714
6,404
—
—
6,404
1,903|
||6,404
—
—
6,404
1,903|
10
**Horsell Parochial Church Council Financial Report for the year ended 31[st] December 2023**
|**New Building work**
2703 - St Andrew's room extension
Total|—|3,984|—
3,984
28,546|
|---|---|---|---|
||—|3,984|—
3,984
28,546|
|**EXPENDITURE TOTAL**|**143,073**|**19,818**|**20,053**
**182,944**
**202,064**|
|||||
|**GRAND TOTAL**|**(2,779)**|**15,721**|**(17,734)**
**(4,791)**
**(51,061)**|
## **Accounting Policies**
The following accounting policies have been applied to items which are considered material to the PCC’s financial statements.
_a)_ _**Basis of Preparation**_ The financial statements have been prepared in accordance with the Church Accounting Regulations, applicable accounting standards, and the Statement of Recommended Practice _Accounting by Charities._ The financial statements have also been prepared under the historical cost accounting rules, modified to include the revaluation of property for the use of the PCC and listed investments, at market value.
_b)_ _**Funds**_ Unrestricted general funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application to the general purposes of the PCC. Unrestricted designated funds are funds that the PCC has set aside for a particular purpose. Restricted funds are funds that have been given for a particular purpose and cannot be used for any other purpose. Endowment Funds are funds where a capital sum has been given which the PCC must invest and use the income for a particular purpose.
_c)_ _**Transactions included**_ The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include financial information relating to groups within the Church that are affiliated to another body.
- _d)_ _**Incoming Resources**_
- _i)_ Voluntary income and capital sources
Collections are recognised when received by or on behalf of the PCC. Income tax recoverable on gift aid donations is recognised when the income is recognised. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its entitlement and the likely amount due.
Funds raised by social events are accounted for gross. Income from investments
Dividends and interest are accounted for when receivable and gross where tax is recoverable.
- e) _**Resources Expended**_
- i) Grants and donations are accounted for when agreed to be paid.
- ii) Activities relating to the work of the Church Other costs, including diocesan quota are accounted for
- when due.
- _f)_ _**Revaluation of investments**_
Gains or losses on revaluation of investments and property at the 31st December are included in the Statement of Financial Activities as unrealised _._
- _g)_ _**Fixed Assets**_
_i)_ Consecrated land and buildings and movable church furnishings
Consecrated and beneficed property is excluded from the accounts by s.10(2) of the Charities Act 2011.
_ii)_ No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable
11
**Horsell Parochial Church Council Financial Report for the year ended 31[st] December 2023**
property. Expenditure on the maintenance of consecrated or benefice buildings and moveable church furnishings is shown in the SOFA as expenditure during the year.
_iii)_ Other land and buildings
Property for the use of the PCC for its own purposes is normally valued at cost less depreciation, and this is the basis of the valuation of the Parish Office which was fully depreciated in 2007. The Clergy house at 6 Waldens Park Road was valued by Waterfall, Barclay and Durrant in April 2014 for £700,000. It will be revalued when the PCC deem appropriate. No depreciation is charged against this property, as the PCC agreed at their meeting on 18th November 1997, that it would be more appropriate to show this property at valuation. Expenditure on maintenance or improvements of the clergy house is written off as incurred.
_iv)_ Reordering building work, other fixtures, fittings and office equipment
Equipment used within the church premises is depreciated on a straight line basis over 5 years. Individual items of equipment with a purchase price of £10,000 or less are written off in the period in which the asset is acquired.
_v)_ Listed investments
Listed investments are valued annually by the Central Board of Finance of the Church of England (CBF) on 31[st] December.
## _h)_ _**Current Assets**_
Debtors are comprised of amounts owing to the PCC at 31[st] December. Deposits relate to sums held on deposit with the CBF.
## i) _**Current Liabilities**_
Creditors relate to sums owed by the PCC at 31[st] December. These include payments in respect of suppliers of goods and services to the 31[st] December for which accounts had not been received at that date and certain claims for reimbursement of costs up to the year end.
## **Staff Numbers and Costs**
The PCC employed a Children & Families worker in August 2023. The cost is including within children's work under the Financial Statement Notes.
Clergy are employed by the diocese. The PCC paid quota payments of £94,932 (2022 £93,558) to cover all diocesan costs on a formula basis. Others providing services to the PCC on a part-time, self-employed basis are a Parish Administrator.
Considerable voluntary assistance was given to the PCC during the year, in particular by readers, organists & musicians, financial, accountancy and independent examination, PCC sub-committee administration, church and churchyard maintenance for which the PCC is extremely grateful. It is not possible to financially quantify the value of this work. Expenses were reimbursed to the vicar and Children & Families worker for the usual ministry working expenses. Other PCC members were reimbursed for expenses that would otherwise have been incurred direct by the PCC. No employee received employee benefits over £60,000.
## **Independent Examiner’s remuneration and fees for financial services**
As mentioned above, the PCC is not charged independent examiner’s fees or fees for any financial or accountancy services.
12
**Horsell Parochial Church Council Financial Report for the year ended 31[st] December 2023**
## **Fixed Assets for the use of the PCC**
||**Property**|**Building**|**Fixtures Fittings &**
**Equipment**|**Total**|
|---|---|---|---|---|
|**Cost or Valuation**|**£**|**£**|**£**|**£**|
|Balance at 1 January2023|700,000|0|57,628|757,628|
|Revaluation|0|0|0|0|
|Disposal|0|0|0|0|
|Acquisition|0|0|53,171|53,171|
|Balance at 31 December
2023|700,000|0|110,799|810,799|
|**Accumulated depreciation**|||||
|Balance at 1 January2023|0|0|57,628|57,628|
|Disposal|0|0|0|0|
|Charge foryear|0|0|10,634|10,634|
|**Balance at 31 December**
**2023**|**0**|**0**|**68,262**|**68,262**|
||||||
|**Net Book Value at 31**
**December 2023**|**700,000**|**0**|**42,537**|**742,537**|
||||||
|_Net Book Value at 31_
_December 2022_|_700,000_|_0_|_0_|_700,000_|
Property relates to the Clergy house at 6 Waldens Park Road, which was re-valued in 2014 with a market value of £700,000 and will be re-valued again when the PCC deem appropriate. St Andrew’s Room was fully depreciated in 1987 the year it was constructed. Buildings includes the Parish Office, constructed in 1997 and fully depreciated in 2007. Fixtures Fittings and Equipment relates to the photocopier purchased in 2018, church lighting and the audio/visual equipment.
## **Other Fixed Asset Investments**
Investments consist of the following:
|||**Unrestricted**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|---|
|||**Funds**|**Funds**|**2023**|**2022**|
|||**£**|**£**|**£**|**£**|
|Market value 1st Jan 2023||**391,071**|**192,715**|**583,786**|**733,312**|
|Acquisitions at cost||0|0|0|0|
|Disposals at cost||0|0|0|28,890|
|Net unrealised(loss)/gain||41,956|16,773|58,729|(120,636)|
|Market Value 31st Dec 2023||**433,027**|**209,488**|**642,515**|**583,786**|
|||||||
## **Debtors Due Within 1 Year**
||**2023**
**£**|**2022**
**£**|
|---|---|---|
|HMRC|15,040|14,861|
|**Total**|**15,040**|**14,861**|
13
**Horsell Parochial Church Council Financial Report for the year ended 31[st] December 2023**
## **Creditors Due Within 1 Year**
||**2023**
**£**|**2022**
**£**|
|---|---|---|
|Sundry Creditors (Fees and
Stipend)|0|44|
|PAYE & NI|304|0|
|**Total**|**304**|**44**|
## **Analysis of Net Assets By Fund**
||**Unrestricted**
**Funds**|**Designated**
**Funds**|**Restricted**
**Funds**|**Total**|**Total**|
|---|---|---|---|---|---|
|||||**2023**|**2022**|
|**Fixed Assets:**
Property/equipment
Investments|**£**
127,140|**£**
742,537
305,887|**£**
-
209,488|**£**
742,537
642,515|**£**
700,000
583,785|
|**Total Fixed Assets**
Current Assets
Current Liabilities|**127,140**
36,057
0|**1,048,424**
219,096
-|**209,488**
4,059
-304|**1,385,052**
259,212
-304|**1,283,785**
306,280
-44|
|**Total Net Assets**|**163,197**|**1,267,520**|**213,243**|**1,643,960**|**1,590,021**|
## **Analysis of Movement of Funds for the year to 31st December 2023**
|**ell Tower - Bell Tower and Clock**
Designated
**ub-total for Bell Tower**
**uildings - Buildings, Fixtures**
Designated
**Sub-total for Buildings**
**h-Growth - Church Growth Fund**
Designated
**Sub-total for Ch-Growth**
**am-Wkr - Family Worker**
Restricted
**Sub-total for Fam-Wkr**
**lower – Flower Fund**
Designated
**ub-total for Flower**
**rgan - Organ fund**
Designated
**Sub-total for Organ**
**es-Endow - Restricted Endowment**
Restricted
**Sub-total for Res-Endow**
**AR - St Andrew's Room ext**
Designated
**Sub-total for SAR**
**eneral - General fund**
Unrestricted
**Sub-total for General**
**Grand total**|**Opening**
**Incoming**
**Outgoing**
**Transfers Gains/losses**
**Closing**
—
5,410
2,546
—
—
2,864
**—**
**5,410**
**2,546**
**—**
**—**
**2,864**
700,000
—
10,634
53,171
—
742,537|
|---|---|
||**700,000**
**—**
**10,634**
**53,171**
**—**
**742,537**
58,656
28,518
1,318
(2,356)
—
83,500|
||**58,656**
**58,518**
**1,318**
**(2,356)**
**—**
**83,500**
1,543
1,339
9,559
7,712
—
1,034|
||**1,543**
**1,339**
**9,559**
**7,712**
**—**
**1,034**
—
190
380
302
—
111
**—**
**190**
**380**
**302**
**—**
**111**
2,153
1,419
954
—
—
2,618|
||**2,153**
**1,419**
**954**
**—**
**—**
**2,618**
205,929
980
10,493
(980)
16,772
212,209|
||**205,929**
**980**
**10,493**
**(990)**
**16,772**
**212,209**
439,871
—
3,984
—
—
435,887|
||**439,871**
**—**
**3,984**
**—**
**—**
**435,887**
181,868
140,294
143,073
(57,848)
41,956
163,196|
||**181,868**
**140,294**
**143,073**
**(57,848)**
**41,956**
**163,196**|
||**1,590,022**
**151,003**
**202,064 **
**—**
**(120,636)**
**1,643,960**|
14
**Horsell Parochial Church Council Financial Report for the year ended 31[st] December 2023**
## **Notes to the funds**
## Unrestricted general funds
This is the main reserve of the PCC. The general surplus or deficit from the Statement of Financial Activities is transferred to this fund at the end of each year. Part of the general fund is invested in CBF investment accounts and a further part in a deposit account.
## Designated Funds
A Designated fund for Church Growth was created in 2014 to receive monies from the net rental of 6 Waldens Park Road. This fund is used to promote Church Growth in the coming years.
A designated fund for the organ was created in 2018 to receive donations from organ concerts and is used to cover maintenance costs of the organ.
A designated fund for repairing the clock and a designated fund for church flowers were created in 2023.
£75,000 was set aside in 2018 as seed money for a potential extension to St Andrew's Room. A further £400,000 was added to the fund in 2021 from Daphne McConnell’s legacy. £39,113 has been spent to date for architectural plans, surveys and costings.
## Endowment Funds
In accordance with the directions given by Guildford Diocesan Board of Finance all Endowment funds were re-designated as Restricted funds. In order to accommodate this, a Restricted Fund called Restricted-Endowment was created and all Endowment monies transferred to this fund.
## Restricted funds
A Restricted fund, Family Worker, was created in 2014 to receive donations for funding the Children and Families Worker.
_Churchyard bequests -_ These are bequests to the PCC of sums of money, with a particular request that the interest be used towards the maintenance of the Churchyard. The churchyard is expected to become full and be closed to new burials in the near future, at which point maintenance will transfer to Woking Borough Council. With future maintenance costs likely to be lower, six small bequests were wound up in 2017 with the capital used for minor repairs.
Two further bequests were closed in 2022 to meet the costs of remedial work required prior to closing the churchyard to new burials and transferring maintenance responsibility to Woking Borough Council. £15,572 was spent in 2022 and £10,493
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**Horsell Parochial Church Council Financial Report for the year ended 31[st] December 2023**
was spent in 2023. The balance of £2,721 is held towards further works required in 2024.
One final bequest with a balance of less than £1,000 remains. The PCC are required to pay the fund over to the RSPCA upon winding up the bequest.
_St Andrew’s Recoupment Fund –_ In 2008 a new order was made by the Charity Commission creating a permanent endowment, the income from which is allocated to the general funds of the PCC. This fund is now known as St Andrew’s Recoupment Fund.
In 1965 a fund known as “the St Andrew’s Mission Church Fund” was created from the sale of donated land. After further research, this fund was reclassified as restricted capital fund.
_Current assets for charity use -_ These funds represent the value to the PCC of functional assets held by the PCC. New lighting was installed in 2023 at a total cost of £53,171 and will be depreciated over five years on a straight line basis.
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