**REGISTERED CHARITY NUMBER : 1128212** 

# **St Paul’s Howell Hill with St Barnabas Epsom PCC** 

**Report of the Trustees and Financial Statements for the year ended 31 December 2023** 

Harmer Slater Limited Salatin House 19 Cedar Road Sutton Surrey SM2 5DA 



## **St Paul’s Howell Hill with St Barnabas Epsom PCC** 

## **Financial Statements for the year ended 31 December 2023 Index** 

||Page|
|---|---|
|Trustees' Report|1|
|Independent Examiner's Report|8|
|Statement of Financial Activities|9|
|Balance Sheet|10|
|Statement of Cash Flows|11|
|Notes to the Financial Statements|12|





## **The Parish of St Paul’s Howell Hill with St Barnabas Epsom** 

## **Trustees’ Report for the year ended 31 December 2023** 

## **Reference and administrative information** 

**Full name of PCC** : The Parochial Church Council of the Ecclesiastical Parish of St Paul’s Howell Hill with St Barnabas Epsom ( _Working name:_ St Paul’s Howell Hill with St Barnabas Epsom PCC). 

**Address:** 15 Northey Avenue, Cheam, Surrey SM2 7HS 

**Charity registration number:** 1128212 (registered 24[th] February 2009) 

Following the approval of a Pastoral Scheme made by the Church Commissioners on 7[th] August 2023 in pursuance of the Mission and Pastoral Measure 2011, the benefices and parishes of Howell Hill and of St Barnabas Epsom were combined to create a new benefice and parish – St Paul’s Howell Hill with St Barnabas Epsom, which came into being on 1[st] September 2023. 

Previously, only the former parish of Howell Hill was registered with the Charities Commission – that registration has been updated to reflect the new arrangements. 

The new parish held its first general meeting on 11 October 2023, and from that date the PCC members (who are also the Trustees of the Charity) are as follows: 

**Clergy** : Rev Nico Ohlsson (Vicar) Rev Paul Dever (Senior Associate Vicar) Rev David Senior Rev Vlada Rakin Rev Ken Hobbs (attends PCC only when Margaret Hobbs is unable to do so) Rev Harry Lamaison **Church Wardens:** Mark Goodman Ian Ayres 

## **Assistant Wardens (St Barnabas):** John Hindmarsh 

Clive McIntyre (does not attend PCC as his wife is a member of staff) **Deanery Synod Members:** Jonathan Eames Margaret Hobbs Ruth Sharma Anne Williams **PCC Members:** Tony Butler Alison Carr Peter De Leyser Jan Ganney Sarah Ford Joel Goodman Lynne Hansen Paul Jansen Matthew Ryan Samantha Wakefield **Co-options:** John Woolley (Chair of Finance Team) Jeremy Randall (Treasurer) 

The Church Manager, Hannah Duncan, and the Safeguarding Officer, Angela Woolley, although not members of PCC, attend all meetings in a non-voting capacity. 

1 



## **The Parish of St Paul’s Howell Hill with St Barnabas Epsom** 

## **Trustees’ Report for the year ended 31 December 2023** 

Names of all the members of the PCC of the former Parish of Howell Hill who served in the period from 1 January 2023 are listed below. Unless stated, although the former Parish ceased to exist on 31 August 2023, these individuals continued to serve as Trustees of the Registered Charity until the General Meeting on 14[th] October 2023 appointed the new PCC. 

|**Clergy**:|Rev Nico Ohlsson (Vicar)|
|---|---|
||Rev Paul Dever (Senior Associate Vicar)|
||Rev Sally Thomas (Associate Vicar) (until September 2023)|
||Rev David Senior|
|**Church Wardens:**|Rosalynn Holliday (until April 2023)|
||Mark Goodman|
||Ian Ayres (from April 2023)|
|**Deanery Synod Members:**|Elizabeth Stockwell (until April 2023)|
||Adam Hansen (until April 2023)|
||Samuel Neill (until April 2023)|
||Pam Bullen (until April 2023)|
||Shane Higgs (until April 2023)|
||Margaret Hobbs (from April 2023)|
|**PCC Members:**|Anne Pianca|
||Paul Clinton (until April 2023)|
||Mervyn Wolffsohn (until April 2023)|
||Andrew Wells (appointed 2020)|
||David Wright (until April 2023)|
||Craig Wilson (resigned September 2023)|
||Samuel Luke|
||Julie O’Brien (appointed April 2021)|
||Ruth Sharma|
||Neil Thomas (until September 2023)|
||Samantha Wakefield|
||Ian Ayres (until April 2023)|
||Jonathan Eames|
||Jan Ganney|
|**Co-options:**|John Woolley (Chair of Finance Team)|
||Jeremy Randall (Treasurer)|
||Chris White (Church Manager).|
|The former parish of St Barnabas Epsom was not a Registered Charity. Names of all the members of the PCC||
|of the former parish who served|in the period from 1 January 2023 to 31 August 2023 are listed below:|
|**Clergy**:|Rev Harry Lamaison (Curate)|
|**Church Wardens:**|Sarah Ford|
||Helen Dyke|
|**PCC Members:**|Hilary Batt|
||John Hindmarsh|
||Paul Jansen|
||Clive McIntyre|
||Wendy Hurst|



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## **The Parish of St Paul’s Howell Hill with St Barnabas Epsom** 

## **Trustees’ Report for the year ended 31 December 2023** 

The PCC’s bankers are NatWest Bank plc of St Nicholas Centre, Sutton, Surrey, SM1 1NW and CAF Bank Limited of 25 King’s Hill Avenue, West Malling, Kent, ME19 4JQ. 

The PCC’s Independent Examiner is: Tim Slater, ACA Institute of Chartered Accountants in England and Wales Shaw Gibbs Limited, (formerly Slater Howard Limited) Curzon House, 2[nd] Floor, 24 High Street, Banstead SM7 2LJ 

The day to day management of the affairs of the church is delegated to the Staff Team under the control of the Vicar. The Vicar and Staff Team are supported by and report into the Leadership Team (LT) and the PCC. 

The current members of the staff team are: 

**Vicar: Senior Associate Vicar: Curate: Church Manager: Youth Pastor: Kids and Youth Trainee: Children’s Pastor: Families Outreach Worker: Parish Administrator: Communications Lead: St Barnabas Community Manager: Financial Controller: Church Caretaker: CAP Centre Manager: CAP Debt Coach:** 

Rev Nico Ohlsson Rev Paul Dever Rev. Harry Lamaison Hannah Duncan Amanda Neill Alicia Eames Naomi Simms (leaving Feb. 2024) Emma Brand Ann McIntyre Jenny Fisher Emma Paxton-Browne Helen Bubb (contractor) Toby Ahern Lucy Bahiti Robin Calcutt 

## **Little Fishes:** 

Deborah Johnson (manager) Paulette Williams (deputy manager) Lucy Cromwell (administrator) Verna Baguely Catherine Curry Samantha Labbadia 

## **Structure, governance and management** 

The Parochial Church Council (PCC) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The former Howell Hill PCC was registered with the Charity Commission on 24 February 2009, under charity number 1128212. Previously, the PCC was excepted from registering with the Charity Commission. 

The new Parish of St Paul’s Howell Hill with St Barnabas Epsom has retained the existing charity registration, with the charity’s name having been amended in 2023 to reflect the name of the new parish. 

3 



## **The Parish of St Paul’s Howell Hill with St Barnabas Epsom** 

## **Trustees’ Report for the year ended 31 December 2023** 

The appointment of PCC members is governed by and set out in the Church Representation Rules. 

The PCC is made up of the following: 

   - Clergy (currently 5 – see note below) 

   - Church Wardens (2) 

   - Assistant Wardens (St Barnabas) (2) 

   - Elected members (15) – Deanery Synod (5) and PCC (10), 

   - Co-opted Members (2) – Treasurer, Chair of Finance 

- Notes 

   - i. The Church Manager, PCC Secretary and Safeguarding Officer are not PCC members but attend PCC meetings in an advisory capacity. 

   - ii. All ordained clergy whose licences are linked to the Parish are entitled to be PCC members. Currently Rev Ken Hobbs attends PCC only when his wife, Margaret Hobbs, is unable to do so. 

Elected members were elected by the first Parochial Church Meeting of the new parish on 11 October 2023. Those members will serve for an initial period of 30 months, until the Annual Parochial Church Meeting (APCM) in April 2026. This approach was approved by the first Parochial church meeting and is to ensure continuity in the initial phase of the operation of the new unified parish. It means that there will be no elections to PCC at either the 2024 or the 2025 APCM.  From the 2026 APCM onwards, one third of the elected PCC members will stand down each year. All Deanery Synod members are elected for a 3-year term. 

After the initial period, elected PCC members will serve for a period of 3 years. Elected members are eligible for re-election after 3 years but may only serve for a maximum of 6 consecutive years. Other church members may be co-opted to the PCC, primarily to cover specific areas of expertise that are deemed necessary for the functioning of the PCC e.g., Finance, Premises. Co-opted members can serve for a maximum period of 9 years in a single role. 

PCC members are provided with guidance on the role of trustees. On appointment they receive a document detailing their responsibilities as members of the PCC and receive ongoing guidance as necessary. 

The PCC has a Safeguarding Policy, and the safeguarding Officer, Angela Woolley attends each PCC meeting to report on the implementation of the Policy and to highlight any issues or any wider developments which may require the Policy to be reviewed. 

PCC meetings are normally monthly, where the PCC oversees the strategic direction of the Parish and approves policy and budgets. Operational management is delegated to the Leadership Team (who also meet monthly) with a further management group for Little Fishes, which is a Pre-School owned by the PCC. Little Fishes Management Group meets at least once each school term. 

Names of the current members of these teams are as follows: 

Leadership Team (LT): Rev Nico Ohlsson Rev Paul Dever Ian Ayres Mark Goodman Hannah Duncan 

Little Fishes Management Group (LFMG) Alison Carr (Chair) Jeremy Randall (Treasurer) Keren Hillman (Secretary) Emma Brand Hannah Wright Lynne Hansen Deborah Johnson Paulette Wiliams 

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## **The Parish of St Paul’s Howell Hill with St Barnabas Epsom** 

## **Trustees’ Report for the year ended 31 December 2023** 

In addition to the above, PCC has delegated a number of matters to specific teams. The permanent teams are: 

- Finance Team 

- External Mission Team 

Other teams are formed from time to time by the PCC to address specific issues. 

## **Risk Management** 

The PCC reports that it has considered the risks faced by the church. The major risks that the church is exposed to relate to people, including the safeguarding of children and vulnerable adults, and the ability to cover and recruit to vacant staffing positions when these occur. The PCC has formal controls in place, working with the Diocese of Guildford, to manage these risks. Other main risks relate to financial matters, compliance with legal and statutory requirements and the activities of the church. The PCC has policies and procedures in place to manage all of these risks. In November 2019 the St Paul’s Howell Hill PCC approved a Risk Register – this document has been reviewed and updated regularly. A Risk Register for the new parish is currently being prepared and will be submitted to the PCC of the unified parish for consideration in the early part of 2024. 

## **Public benefit** 

The PCC are aware of the Charity Commission’s guidance on public benefit in “The advancement of religion for the Public Benefit” and have had regard to it in their administration of the church. 

The PCC believes that by promoting the Christian faith it provides a benefit to the public by: 

- providing facilities for public worship, pastoral care and spiritual development, both for existing church members and for anyone who wishes to benefit from what the church offers; and 

- promoting Christian values, and service by members of the church in and to their communities, to the benefit of individuals and society as a whole. 

## **Objectives and activities** 

The Parish is part of the Diocese of Guildford, and in the Deanery of Epsom. Our local objectives and activities are summarized in the following paragraphs. 

Our Vicar, Rev Nico Ohlsson, joined us in September 2022. From the time he arrived he worked with the PCC under the Lord’s guidance to develop a vision of how we will grow in faith and help to spread the Good News of God’s kingdom through our work, including taking the decisions associated with the process by which the Church Commissioners approved the Pastoral Scheme to create the united parish. 

**Our vision** is summarised as 

- Being Like Jesus 

- Becoming like Jesus 

- Doing what Jesus did. 

This vision underpins everything we do – with our Priorities being: 

## _**Prayer**_ 

Our first calling is to be with God, to worship Him, and to know Him intimately in prayer. We want to be people who spend time with God and are filled with the Spirit. We believe that prayer matters, it not only changes us, it changes the world. 

## _**Formation**_ 

We believe that the Bible is the Word of God and that it shapes who we are. We are called to be transformed into the likeness of Jesus, bearing the fruit and ministering in the power of the Spirit. Growing deeper in our love and knowledge of God through His Word. 

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## **The Parish of St Paul’s Howell Hill with St Barnabas Epsom** 

## **Trustees’ Report for the year ended 31 December 2023** 

## _**Mission**_ 

We want to be outward-looking, helping those in need, supporting our local community and engaging with world mission. Jesus is for the lonely, the poor, the sick, the marginalized and those who did not know God. We are here to share the good news of Jesus and see people coming to know and follow Him. We are a resource church that helps enable mission in other parishes. 

## **Our Values** 

- **Community** … everyone welcome, everyone belonging, everyone with a part to play “ _From him the whole body, joined and held together by every supporting ligament, grows and builds itself up in love, as each part does its work”_ . Ephesians 4:16 

- **Joy** … being fully known and loved by God brings us joy in all circumstances; having fun together and bringing joy to the world. _“As the Father has loved me, so have I loved you. Now remain in my love... so that my joy might remain in you, and that your joy might be full.”_ John 15:9-11 

- **Authenticity** … being humble, vulnerable and honest to the core, so our actions match our words, our attitudes match our beliefs. _“My grace is sufficient for you, for my power is made perfect in weakness.”_ 2 Corinthians 12:9 

- **Encouragement** … being generous with our words, we’re creating a culture of thanking, honouring, uplifting and comforting one another. _“May the God who gives endurance and encouragement give you the same attitude of mind toward each other that Christ Jesus had.”_ Romans 15:5 

- **Adventure** … stepping out in faith, journeying with God and living radical lives to change the world. _“Come follow me”_ Matthew 4:19 

## **Our Mission** 

## Our mission is: 

   - to play our part in the revival of the church and the extension of God’s Kingdom 

   - to discern God’s voice for us at this time 

   - to be formed as disciples of Jesus, who make disciples 

   - to share our faith and love our neighbour, 

- to be known because we are a joyful, encouraging, authentic and adventurous community. 

- Above everything, we long to love God with all our heart, soul and mind. 

## **Our Dream** 

Our dream at St Paul’s and St Barnabas is to join in with God in the renewal of all things. We would love our church to be a place of encounter with God, for those who have never been connected to a church and those who may have been connected to a church in the past but are no longer, for those at any stage of life, from the youngest to the oldest. A community that partners with God in what He is doing, that hopes for the future, that takes risks and reflects the love God has for us. We long to be a church family that we love being a part of, that we are proud of, and want to invite our friends, colleagues and neighbours to so they can see how amazing our God is. 

St Paul’s is a gathered congregation – we come together from different areas, and we aim to give our church family the tools to share their faith, encouragement to find their calling and a place to invite those who do not know Jesus. We want to build a culture in our congregations where Jesus is central, we are Spirit led, faithful to Scripture, and have a real impact through our members. As a resource church, we aim to revitalize local communities and partner with them in building God’s Kingdom. As one church that meets in two locations, we are excited about the future and the ability to share the good news of Jesus more widely. 

St Barnabas is a local congregation – we are mainly from the immediate area, we want to build a church family where all are welcome, where hospitality, authenticity, and informality inform all that we do. We have a bias toward those on the edge, who struggle with faith, mental health and life in general. We live out our faith by serving our local community, seeking to create a hub that unites mental, emotional, spiritual and physical health. We will build on the relationships with existing charities and seek new partnerships, so that St Barnabas becomes a sanctuary for the people of Epsom where we are known as a people of hope. 

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## **The Parish of St Paul’s Howell Hill with St Barnabas Epsom** 

## **Trustees’ Report for the year ended 31 December 2023** 

During 2023 we developed the practical arrangements for the new parish, as described above.  Supported by some grant funding from the Diocese, we have improved the facilities at St Barnabas, and it is already offering a significant range of activities – serving as a community hub for many vulnerable residents, including being the location of our CAP centre, Epsom food bank and an NHS drop-in clinic. 

Paul Dever has continued to lead this work at St Barnabas, supported by our curate, Harry Lamaison. The PCC wishes to thank Paul for leading this work, Harry for developing activities which link with the community who live in the parish of St Barnabas, as well as the staff, PCC and church members who have been part of the team supporting Paul and Harry. 

The financial position improved during 2023 and we thank the Lord for the generosity of our congregations. While PCC approved a deficit budget for 2023, a combination of increased income and some expenditure reductions meant that a small surplus was achieved at the year end, and for 2024, which will be the first full year of operation for the unified parish, it has approved a budget with a small surplus. In 2023 we continued to maintain our buildings appropriately, including work in the church buildings, 19 Northey Avenue and 15 Nonsuch Walk. 

Looking ahead, we face several challenges including: 

- recruiting new staff to replace those who have moved on 

- continuing to support activities which we have been delivering, 

- identifying those which we may need to stop, or to continue in a different form, 

- continuing to respond to the financial challenges facing us as a church. 

A more detailed explanation of our work and the various activities which underpin that can be found on the Church’s website, which is available at the following link: https://www.saintpauls.co.uk 

## **Use of volunteers** 

The PCC is very reliant on volunteers to carry out all its activities. However, it is not possible to place any monetary value on the contribution made by volunteers. 

## **Financial Review** 

In the financial commentary below, the prior year (2022) comparators have been adjusted to show the combined St Paul’s and St Barnabas position so as to align fully with the accounts. Hence they will differ from last year’s report, which was for St Paul’s only. 

## _**Unrestricted Funds (General and Repairs and Maintenance**_ **)** 

## General Fund 

The General Fund produced an overall surplus for the year of £21,721 (2022 a deficit of £19,694). This was significantly better than the approved budget – a deficit of £57,748. The improvement was largely due to increased giving (including Gift Aid) of £51,313. 

General (unrestricted) giving in the year 2023 (including tax recoveries) amounted to £694,300. General giving was £51,313 (8.2%) above the budget for the year. This level of general giving compares with £644,457 (including tax recoveries) given in 2022 and is considered an excellent result taking account of the challenging economic times. There was an increase in giving from some existing givers and new givers came forward – these helped to offset the loss of a number of long standing givers. The PCC would like to thank the members of the congregation for their generosity in difficult times. 

General Fund expenditure overall was £681,571 in 2023, (£654,087 in 2022). This was £4,593 (0.7%) less than budgeted – these were the result of various cost savings. The biggest costs are staffing, £258,424, (£277,929 in 2022), the Parish Share payable to the Guildford Diocese, £173,929, (£177,733 in 2022), and costs associated with the maintenance and operation of our Churches and other buildings, including depreciation, of £173,548 (£134,751 in 2022). 

The balance on the General Fund at the end of 2023 amounted to £186,154 (£164,433 for 2022) of which £32,721 is represented by fixed assets (2022 - £7,889). This means that in terms of free reserves, the General 

7 



## **The Parish of St Paul’s Howell Hill with St Barnabas Epsom** 

## **Trustees’ Report for the year ended 31 December 2023** 

Fund amounts to £153,433 at 31 December 2023. As indicated above, PCC has budgeted for a small surplus of £9,046 in 2024. However, this is partly the result of some staffing changes, which mean that some positions will be vacant for part of the year. The full year cost of these roles plus possible maintenance requirements for our church building following the recent quinquennial survey means that the initial forecast for 2025 is a deficit. 

## Repairs and Maintenance Fund 

In 2018 the St Paul’s PCC determined that it would be prudent to build up this fund to meet larger non routine maintenance requirements. In 2023, costs totalling £10,356 were met from this Fund, and no transfers were made to it. No transfers were made to the Fund or costs met from it in 2022.  The balance of this fund at 31[st] December 2023 was £29,387 (£39,743 at 31 December 2022). 

## _**Grants and Donations**_ 

There were specific gifts of £49,166 (including Gift Aid) received for grants and donations outside of the parish in 2023 (£9,191 in 2022). 

Grants of £89,803 were made to partner and other agencies in 2023 (£84,031 in 2022). 

## _**St Barnabas accounts to 31 August 2023**_ 

The accounts for St Barnabas for the period 1 January to 31 August 2023 are detailed in the accounts. 

During this period St Barnabas General Fund income totalled £45,293 (of which Giving, including Gift Aid was £24,337; and Rents and fees were £19,146) and expenditure totalled £60,340. The deficit of £15,046 was met from reserves. 

A grant of £20,000 was received – this was used to meet the cost of premises refurbishment which was completed after 31 August 2023. 

## _**Reserves policy**_ 

The Howell Hill PCC updated its Reserves Policy at its meeting on 22 April 2024. Day to day running costs of the parish are generally met from current income (donations), and therefore the PCC does not hold significant free reserves. The PCC policy is to hold free reserves of at least £60,000 in the General Fund, which at that time represented approximately 3 months of budgeted salary costs or 1 month’s budgeted expenditure. As noted above, current free reserves are £153,433 (£155,672 at 31 December 2022). 

The Policy is also to maintain the Repairs and Maintenance Fund, as described above. The PCC has since decided to use that reserve to even out the impact of significant maintenance costs by making annual contributions to the Fund when possible and meeting significant maintenance costs from the Fund as these arise. Whilst the balance on this Fund will fluctuate according to when large items of maintenance costs occur, the PCC confirmed its Reserves Policy at its meeting on 22 April 2024 to state that it is intended that the Fund’s balance will be maintained at a minimum level of £10,000 and that the expectation is that the Fund’s balance will normally be in the region of £30,000. The PCC will review these limits during 2024 in the light of the predicted maintenance requirements for the next three to five years. The value of the Fund at 31 December 2023 is £29,387 (£39,743 at 31 December 2022). 

The PCC intends to review and update its Reserves Policy in March 2025, to reflect fully the impact of working as a unified parish, including any significant building maintenance items identified in the recent quinquennial inspections and the full year impact of staff changes made during 2024. 

## _**Other Commitments**_ 

Both church buildings were inspected in 2023 under the Church of England’s quinquennial inspection programme.  The reports were recently received, and the Finance team are currently working with the Church Manager to develop a planned maintenance programme to address any issues identified in the reports. 

8 



The Parish of St Paul's H¢yMell Hill with St Barnabas Epsom
Trustees. Rewrt kn the year eTrd￿l 31 D￿ember 2023
Grant maknng policy
The Extemal MksSic￿ Team oversees our relatiortshiF6 V+ith our key partners in mission. Grants are prows&J
by this Team, wrth the w¢¥)C6als revIew￿j by arKI approved anr¢ually by the PCC. In addibon, there is a small
bjdget to make grants to indiwduals are undertaking a Spear￿ trip. internship. or gap year- the grants are
made following an apFIi¢8ts"on aThJ COnSM1ered inrtplty by the Man￿￿nent Team.
Policy forkey m￿agerne￿t personnal muneration
Key management ￿rsOnnel are deern￿ to be the Vicar, Senioi Associate Vi(*r and the Churth Manager. The
Vicar and Senior Associate Vicar are clergy licerE8J bythe Bishcp of GuildfoTd ar¥J are pavj in accordance wrth
the stipends rates in place f¢x Church of EnglaThl clergy. Both are ￿10 directly by the Church Commissioners,
Jminislered by the Diocese ol Guil(fford. The Vicarfs stipend covered by the pari%h share paid to the Diocese
of Guildford. and the PCC directly reimbjrses the Diocese in resFed of the stiFEr¥J payments for the Sen￿r
Associate VicaT. The Church Man￿er'S remuneialion has ￿en set to te at a similar level to that of the Senior
Asso¢iate Vicar. but feflecting th* unlike the Senior Associate Vtar, thefe 15 no ho￿ provwjed. The Chtjrch
Manager is paid by the Church dire¢Uy.
Plans for future periods
The PCC. Leadership Team, Finance Team aNI Slaff Team regularly review the ath"Vit￿ and programmes in
place lo seek to ensure the stated aims and objectNes are met
Responsibilities of thè PCC
The PCC is responsilje for preparing the Truslees. Repcrt and the financrdl statemerrts in accordance wfth
applicable law and UnV£ed Kingdom Accounts"ro Standards (United lQrgdom Generally Accepted Accounting
Practice) including FRS102 'The Financial Rel￿)rting Standafd apFA[￿LIe in the UK and Republic of Ireland,.
The law appl￿ble to charriie5 in ErvJlarKI & Wales requires the PCC to prepare finanual st*ements for each
financial year which give a true and fair view of the state of the affairs of the church and of the incoming
ie50urces and a[pli￿tiOn of resources of the church foi that perK)d. In preparing these )Inan¢ial statements,
Ihe PCC is required to..
select surtable a¢countirwJ tM)fi¢ies aTrJ then apFAy them consistentty.,
obsetve the methcxls and princtples in the Chaftiies SORP.,
make judgements and estimates that are ieasort8ble arKI pr￿ent
State whether applicable accounting staThlards have been foltowed. subject to any material departures
disclosed and explained in Ihe financial statements".
epare the financial ststements ￿ the goiro concErn trAsis unless rt is inakwropnale to presume that the
church will conb.nue in business.
The PCC is respK)nsible for keeping proper accountirg record5 that disclcBe with re*on3ble accuracy at any
time the financial p)srtion of the church and enable them to ensure that the financial statements comply with
the Charities Act 2011, the Church Accounting R￿ula￿.0￿5 and the A¢countirg by Charrties Statement
of RecommeThled Practice. The PCC i8 akn resFonsible foi safeguarding the assets of the church arKI hence
for tak1￿j reasonab￿ stepE for the prevention and detedion of fraud and otheT iiregulanties.
Suned on behalf of the PCC
L3 o0s-4
Church Warden
Date
2024

## **The St Paul’s Howell Hill with St Barnabas Epsom PCC** 

## **STATEMENT OF FINANCIAL ACTIVITIES** 

## **For the year ended 31 December 2023** 


**----- Start of picture text -----**<br>
St Paul St Barnabas St Paul Barnabas St Paul Barnabas Combined Funds<br>01 Jan 2023 to 31 Aug 2023 01 Jan 2023 to 31 Aug 2023 01 Sep 2023 to 31 Dec 2023 01 Jan 2023 to 31 Dec 2023 2023 2022<br>Unrestricted Restricted Unrestricted Restricted Unrestricted Restricted Unrestricted Restricted<br>Funds Funds Funds Funds Funds Funds Funds Funds<br>Note £ £ £ £ £ £ £ £ £ £<br>Income and endowments<br>Donations and legacies 2(a) 449,590 42,386 24,337 25,000 221,572 4,669 695,499 72,056 767,555 673,165<br>Other trading activities 2(b) 12,184 0 19,299 - 19,138 - 50,621 0 50,621 40,734<br>Investments 2(c) 1,678 123 - - 374 265 2,052 388 2,440 1,005<br>463,453 42,509 43,636 25,000 241,084 4,934 748,172 72,444 820,616 714,904<br>Charitable activities 2(d) 22,586 64,580 1,657 365 11,190 18,698 35,433 83,643 119,077 103,389<br>Total operating income 486,039 107,090 45,293 25,365 252,274 23,632 783,605 156,087 939,692 818,293<br>Expenditure<br>Charitable activities 3 485,752 90,407 60,340 191 259,906 47,031 805,998 137,628 943,626 883,371<br>Total operating expenditure 485,752 90,407 60,340 191 259,906 47,031 805,998 137,628 943,626 883,371<br>Net operating expenditure 287 16,683 (15,047) 25,174 (7,632) (23,399) (22,392) 18,459 (3,934) (65,078)<br>Gross transfers between funds - - 3,352 (3,352) - - 3,352 (3,352) - (405)<br>Net movement in funds 287 16,683 (11,695) 21,822 (7,632) (23,399) (19,041) 15,107 (3,934) (65,482)<br>Funds brought forward 272,830 703,184 22,773 1,333 284,194 743,022 295,603 704,517 1,000,120 1,065,602<br>Funds carried forward 273,117 719,867 11,078 23,155 276,562 719,624 276,562 719,624 996,186 1,000,120<br>**----- End of picture text -----**<br>


10 



## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF The St Paul’s Howell Hill with St Barnabas Epsom PCC** 

I report to the Trustees on my examination of the accounts of The St Paul’s Howell Hill with St Barnabas Epsom PCC (the charity), charity number 1128212,  for the year ended 31 December 2023, which are set out on pages 9 to 11. 

## **Respective responsibilities of trustees and examiner** 

The charity's trustees are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (“the Act”). 

The charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed. 

It is my responsibility to: 

- examine the accounts under section 145 of the Charities Act, 

- to follow the applicable Directions given by the Charity Commission (under section 145(5)(b) of the Act, and 

- to state whether particular matters have come to my attention. 

## **Basis of independent examiner’s statement** 

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. 

## **Independent examiner's statement** 

Since your charity’s gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of the Institute of Chartered Accountants in England and Wales which is one of the listed bodies 

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect: 

- the accounting records were not kept in accordance with section 130 of the Charities Act; or 

- ● the accounts did not accord with the accounting records; or 

- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 


Tim Slater, ACA Institute of Chartered Accountants in England and Wales Harmer Slater Limited Salatin House 19 Cedar Road Sutton Surrey SM2 5DA 

Date: .............................................22 April 2024 

11 



The St Paul's Howell Hill with St Bafnabas Epsom PCC
BALANCE SHEET AT 31 DECEMBER 2023
2023
2022
FIXED ASSETS
Tangible fixed assets
753.982
704,991
CURRENT ASSETS
Debtors
Short temi depasrts
Cash * bank and h
31,167
198,895
70.672
19,956
1*.733
111,110
LIABILITIES: am¢JJnts fallsTrJ due wthin one year
58,529
Y2,670
NET CURRENT ASSETS
242204
295,129
NET ASs￿s
936,186
1.0￿,120
FUNDS
9.10
UnrestrIC￿
Restricted
276,562
719.624
295,603
704,517
996.186
1.(￿,120
AptKoved by the Parochial Church Cwncil on ￿19/￿140nd signed on 115 behalf by.
Jeremy Randall- Treasurer
John Woolky- Chaii of Finance
The notes on pages 15 to 21 form part of these actt)unts
12

## **The St Paul’s Howell Hill with St Barnabas Epsom PCC** 

## **STATEMENT OF CASH FLOWS For the year ended 31 December 2023** 

|**Cashflows from operating activities**<br>**_Net cash provided by operating activities_**<br>**Cashflows from investing activities**<br>_Interest receivable_<br>_Investment in property,plant and equipment_<br>**_Net cash used in investing activities_**<br>**_Change in cash and cash equivalents in the reporting period_**<br>**Cash and cash equivalents at the beginning of the reporting**<br>**period**<br>**Cash and cash equivalents at the end of the reporting period**<br>**Classified on the Balance Sheet as:**<br>_Short term deposits_<br>_Cash at bank and in hand_<br>**Reconciliation of net (expenditure)/ income  to net cash flow**<br>**from operating activities**<br>**_Net (expenditure)/ income for the reporting period (as per the_**<br>**_statement of financial activities)_**<br>**Adjustments for:**<br>_Depreciation_<br>_Interest receivable_<br>_(Increase)/ decrease in debtors_<br>_(Decrease)/ increase in creditors_<br>**_Net cash provided by operating activities_**|**2023**<br>**£**<br>64,920<br>2,440<br>(110,060)<br>(107,620)<br>**(42,700)**<br>312,267<br>**269,567**<br>198,895<br>70,672<br>**269,567**<br>(3,933)<br>56,644<br>(2,440)<br>(11,211)<br>25,859<br>**64,920**|**2022**<br>**£**<br>(15,806)<br>1,005<br>(4,427.00)<br>(3,422)<br>**(19,228)**<br>331,496<br>**312,267**<br>219,506<br>92,761<br>**312,267**<br>(65,078)<br>49,250<br>(1,005)<br>(5,724)<br>6,750<br>**(15,806)**|
|---|---|---|



13 



**The St Paul’s Howell Hill with St Barnabas Epsom PCC** 

## **Notes to the Financial Statements (continued) For the year ended 31 December 2023** 

## **1 ACCOUNTING POLICIES** 

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. 

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014  rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. 

The financial statements are prepared in pounds sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound. 

The financial statements have been prepared on a going concern basis. The trustees do not consider there to be any material uncertainties about the Charity's ability to continue as a Going Concern. 

The charity meets the definition of a public benefit entity under FRS 102. 

## **Funds** 

Unrestricted funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. These include funds designated for a particular purpose by the PCC. 

The purpose of any restricted fund is noted in the accounts. 

The financial statements include all transactions, assets and liabilities for which the PCC can be held responsible in law. They do not include the accounts of church groups that owe an affiliation to another body nor those that are informal gatherings of church members. 

## **Incoming resources** 

## _Voluntary income and capital sources_ 

-Collections are recognised when received by or on behalf of the PCC, except where specifically designated to a particular period by the donor. 

-Amounts receivable under Gift Aid are recognised only when received. 

-Income tax recoverable on Gift Aid donations is recognised when the donation is recognised. 

-Legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is probable. 

## _Other income_ 

Rental income from the letting of church premises is accounted for when the rental is due. 

## _Income from investments_ 

Interest entitlements are accounted for as they accrue. 

## _Government grants_ 

Government grants are recognised when the PCC is notified of entitlement, and all conditions have been satisfied. 

14 



**The St Paul’s Howell Hill with St Barnabas Epsom PCC** 

## **Notes to the Financial Statements (continued) For the year ended 31 December 2023** 

## **1 ACCOUNTING POLICIES (continued)** 

## **Resources used** 

Expenditure is recognised when incurred. Expenditure which cannot be attributed directly to a charitable activity (support costs, which are mainly office staff and related costs) are apportioned on a time spent basis. 

## _Grants_ 

Grants are accounted for when paid. 

## _Activities directly relating to the work of the Church_ 

The Diocesan parish share is accounted for when payable. 

## _Lease rentals_ 

Rentals payable under operating leases are charged against income on a straight line basis over the lease term. 

## _Pension costs_ 

Contributions to pension schemes on behalf of staff members are accounted for when paid. 

## **Fixed Assets** 

## _Consecrated land and buildings and moveable church furnishings_ 

Consecrated and beneficial property is excluded from the accounts in accordance with s.10(2) of the Charities Act 2011. 

No value is placed on moveable 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 an inalienable property. All expenditure incurred during the year on consecrated or beneficed buildings and moveable church furnishings, whether maintenance or improvement, is written off. 

## _Other land and buildings_ 

Other land and buildings held on behalf of the PCC for its own purpose is valued at cost. Depreciation is provided to write off the cost of buildings on a straight line basis over 50 years. 

## _Other fixtures, fittings and office equipment_ 

Equipment used within the church premises is depreciated on a straight line basis over 4 years. Fixtures and furniture are depreciated over 10 years. 

## **Current Assets** 

Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less any provision for amounts that may prove uncollectible. 

Cash and cash equivalents include cash at banks and in hand and in short term deposits with a maturity date of three months or less. 

## **Tax Status** 

As a charity, the PCC is exempt from paying Corporation Tax on its charitable activities. 

The charity is not registered for VAT and as such expenditure is shown inclusive of irrecoverable VAT. 

## **Financial Instruments** 

Debtors and Creditors receivable or payable within one year of the reporting date are carried at their transaction price. 

15 




**----- Start of picture text -----**<br>
2 INCOME FROM: St Paul St Barnabas St Paul Barnabas St Paul Barnabas<br>01 Jan 2023 to 31 Aug 2023 01 Jan 2023 to 31 Aug 2023 01 Sep 2023 to 31 Dec 2023 01 Jan 2023 to 31 Dec 2023 Unrestricted Restricted  TOTAL<br>Unrestricted Restricted Unrestricted Restricted Unrestricted Restricted Unrestricted Restricted Funds Funds 2022<br>Funds Funds Total Funds Funds Total Funds Funds Total Funds Funds Total £ £ £<br>£ £ £ £ £ £ £ £ £ £ £ £<br>2(a) Donations and legacies<br>General giving and donations 374,248 - 374,248 19,443 - 19,443 183,616 - 183,616 577,307 - 577,306 536,352 - 536,352<br>Income tax recoverable on Gift Aid 74,638 - 74,638 4,893 - 4,893 37,461 134 37,595 116,993 134 117,126 108,105 1,388 109,493<br>Other giving and donations 704 2,386 3,090 - - - 496 535 1,031 1,200 2,921 4,121 373 7,828 8,201<br>Legacies - - - - 5,000 5,000 - - - - 5,000 5,000 19,009 - 19,009<br>Y & W Fund - - - - - - - - - - - - - 110 110<br>Government Grant - - - - 20,000 20,000 - - - - 20,000 20,000 - - -<br>Charitable Foundation Grant - 40,000 40,000 - - - - 4,000 4,000 - 44,000 44,000 - - -<br>449,590 42,386 491,977 24,337 25,000 49,337 221,573 4,669 226,242 695,500 72,055 767,554 663,839 9,326 673,165<br>2(b) Other trading activities<br>Rental income 6,735 - 6,735 19,146 - 19,146 18,499 - 18,499 44,380 - 44,380 34,122 - 34,122<br>Other income 5,449 - 5,449 153 - 153 639 - 639 6,241 - 6,241 6,612 - 6,612<br>12,184 - 12,184 19,299 - 19,299 19,138 - 19,138 50,621 - 50,621 40,734 - 40,734<br>2(c) Investments<br>Bank interest 1,678 123 1,801 - - - 374 264 638.49 2,052 387 2,440 964 41 1,005<br>2(d) Charitable activities<br>Little Fishes Fees - 64,580 64,580 - - - - 18,697 18,697 - 83,278 83,278 - 74,496 74,496<br>Courses, events and activities 22,586 - 22,586 - - - 11,191 - 11,191 33,777 - 33,777 25,408 - 25,408<br>Miscellaneous Income - - - 1,657 365 2,022 - - - 1,657 365 2,022 3,485 - 3,485<br>St Barnabas - - - - - - - - - - - - - -<br>22,586 64,580 87,166 1,657 365 2,022 11,191 18,697 29,888 35,434 83,643 119,077 28,893 74,496 103,389<br>TOTAL INCOME 486,039 107,090 593,128 45,293 25,365 70,658 252,276 23,631 275,906 783,607 156,085 939,692 734,431 83,862 818,293<br>**----- End of picture text -----**<br>


Included within Little Fishes fees is £43,651 (2022: £41,309) of government grant income in relation to nursery fees. 

16 



## **The St Paul’s Howell Hill with St Barnabas Epsom PCC** 

## **Notes to the Financial Statements (continued) For the year ended 31 December 2023** 

|**3**<br>**EXPENDITURE ON:**<br>_Charitable Activities_<br>Grants made in furtherance of the PCC's objectives<br>Partners and other agencies<br>Ministry costs<br>Staff costs<br>Children and Youth work<br>Parish share<br>Other ministry costs<br>Events and activities<br>Church running costs<br>Heat, Light, Rates and Insurance<br>Cleaning and servicing<br>Maintenance, equipment and IT costs<br>Hub running costs<br>Depreciation<br>Support costs<br>Staff costs<br>Rent<br>Telephone<br>Printing & Stationery<br>Professional costs<br>Independent Examinator's fee<br>Bank charges<br>Little Fishes costs<br>Staff costs<br>Other costs<br>Bank charges<br>Telephone<br>Insurance<br>Professional costs<br>Events and activities<br>Training<br>Maintenance, equipment and IT costs<br>**TOTAL EXPENDITURE**|**Unrestricted**<br>**Restricted**<br>**TOTAL**<br>**Unrestricted**<br>**Restricted**<br>**TOTAL**<br>**Unrestricted**<br>**Restricted**<br>**TOTAL**<br>**Unrestricted**<br>**Restricted**<br>**TOTAL**<br>**Unrestricted**<br>**Restricted**<br>**TOTAL**<br>**Funds**<br>**Funds**<br>**2023**<br>**Funds**<br>**Funds**<br>**2023**<br>**Funds**<br>**Funds**<br>**2023**<br>**Funds**<br>**Funds**<br>**2023**<br>**Funds**<br>**Funds**<br>**2022**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>51,344<br>7,732<br>59,076<br>-<br>-<br>-<br>29,420<br>840<br>30,260<br>80,764<br>8,572<br>89,336<br>83,430<br>601<br>84,031<br>**_51,344_**<br>**_7,732_**<br>**_59,076_**<br>**_-_**<br>**_-_**<br>**_-_**<br>**_29,420_**<br>**_840_**<br>30,260<br>**_80,764_**<br>**_8,572_**<br>**_89,336_**<br>**_83,430_**<br>**_601_**<br>**84,031**<br>110,921<br>1,575<br>112,496<br>-<br>-<br>-<br>44,947<br>-<br>44,947<br>155,867<br>1,575<br>157,442<br>190,221<br>-<br>190,221<br>2,676<br>-<br>2,676<br>-<br>-<br>-<br>2,793<br>-<br>2,793<br>5,469<br>-<br>5,469<br>3,466<br>-<br>3,466<br>109,286<br>-<br>109,286<br>6,667<br>-<br>6,667<br>57,976<br>-<br>57,976<br>173,929<br>-<br>173,929<br>177,733<br>-<br>177,733<br>24,301<br>1,253<br>25,555<br>-<br>-<br>-<br>8,493<br>-<br>8,493<br>32,794<br>1,253<br>34,048<br>22,596<br>3,218<br>25,814<br>24,695<br>1,539<br>26,234<br>991<br>-<br>991<br>13,773<br>812<br>14,585<br>39,460<br>2,351<br>41,811<br>24,212<br>451<br>24,663<br>**_271,880_**<br>**_4,367_**<br>**_276,247_**<br>**_7,658_**<br>**_-_**<br>**_7,658_**<br>**_127,982_**<br>**_812_**<br>128,794<br>**_407,520_**<br>**_5,179_**<br>**_412,699_**<br>**_418,228_**<br>**_3,669_**<br>**421,897**<br>21,767<br>-<br>21,767<br>13,076<br>-<br>13,076<br>22,034<br>-<br>22,034<br>56,877<br>-<br>56,877<br>47,045<br>-<br>47,045<br>12,114<br>-<br>12,114<br>5,528<br>-<br>5,528<br>6,741<br>-<br>6,741<br>24,383<br>-<br>24,383<br>19,951<br>-<br>19,951<br>36,179<br>2,235<br>38,414<br>17,871<br>-<br>17,871<br>18,050<br>(0)<br>18,050<br>72,100<br>2,235<br>74,335<br>49,304<br>-<br>49,304<br>1,760<br>-<br>1,760<br>-<br>-<br>-<br>1,263<br>-<br>1,263<br>3,023<br>-<br>3,023<br>3,991<br>-<br>3,991<br>10,562<br>23,193<br>33,755<br>-<br>191<br>191<br>6,603<br>16,095<br>22,698<br>17,165<br>39,479<br>56,644<br>14,460<br>34,790<br>49,250<br>**_82,382_**<br>**_25,428_**<br>**107,810**<br>**_36,475_**<br>**_191_**<br>**36,666**<br>**54,690**<br>**16,095**<br>70,785<br>**173,548**<br>**41,714**<br>**215,261**<br>**134,751**<br>**34,790**<br>**169,541**<br>66,519<br>-<br>66,519<br>2,477<br>-<br>2,477<br>33,562<br>4,000<br>37,562<br>102,557<br>4,000<br>106,557<br>87,708<br>8,370<br>96,078<br>-<br>-<br>-<br>11,993<br>-<br>11,993<br>6,172<br>-<br>6,172<br>18,165<br>-<br>18,165<br>17,290<br>-<br>17,290<br>2,530<br>-<br>2,530<br>-<br>-<br>-<br>1,766<br>-<br>1,766<br>4,296<br>-<br>4,296<br>3,370<br>-<br>3,370<br>1,825<br>-<br>1,825<br>1,551<br>-<br>1,551<br>1,487<br>-<br>1,487<br>4,863<br>-<br>4,863<br>8,978<br>-<br>8,978<br>4,746<br>-<br>4,746<br>-<br>-<br>-<br>2,458<br>-<br>2,458<br>7,203<br>-<br>7,203<br>7,428<br>-<br>7,428<br>2,480<br>-<br>2,480<br>-<br>-<br>-<br>1,240<br>-<br>1,240<br>3,720<br>-<br>3,720<br>3,424<br>-<br>3,424<br>2,047<br>-<br>2,047<br>185<br>-<br>185<br>1,129<br>-<br>1,129<br>3,361<br>-<br>3,361<br>2,301<br>-<br>2,301<br>-<br>**_80,146_**<br>**_-_**<br>**_80,146_**<br>**_16,207_**<br>**_-_**<br>**_16,207_**<br>**_47,813_**<br>**_4,000_**<br>51,813<br>**_144,166_**<br>**_4,000_**<br>**_148,166_**<br>**_130,499_**<br>**_8,370_**<br>**_138,869_**<br>-<br>48,091<br>48,091<br>-<br>-<br>-<br>-<br>23,625<br>23,625<br>-<br>71,715<br>71,715<br>-<br>64,001<br>64,001<br>-<br>2,218<br>2,218<br>-<br>-<br>-<br>-<br>857<br>857<br>-<br>3,075<br>3,075<br>-<br>2,753<br>2,753<br>-<br>40<br>40<br>-<br>-<br>-<br>-<br>20<br>20<br>-<br>60<br>60<br>-<br>81<br>81<br>-<br>82<br>82<br>-<br>-<br>-<br>-<br>84<br>84<br>-<br>166<br>166<br>-<br>41<br>41<br>-<br>748<br>748<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>748<br>748<br>-<br>471<br>471<br>-<br>864<br>864<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>864<br>864<br>-<br>1,202<br>1,202<br>-<br>100<br>100<br>-<br>-<br>-<br>-<br>432<br>432<br>-<br>532<br>532<br>-<br>-<br>-<br>-<br>466<br>466<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>466<br>466<br>-<br>-<br>-<br>-<br>271<br>271<br>-<br>-<br>-<br>-<br>266<br>266<br>-<br>537<br>537<br>-<br>484<br>484<br>**_-_**<br>**_52,880_**<br>**_52,880_**<br>**_0_**<br>**_0_**<br>**_0_**<br>**_-_**<br>**_25,284_**<br>25,284<br>**_-_**<br>**_78,164_**<br>**_78,164_**<br>**_-_**<br>**_69,033_**<br>**_69,033_**<br>**485,752**<br>**90,407**<br>**576,159**<br>**60,340**<br>**191**<br>**60,531**<br>**259,906**<br>**47,031**<br>**306,937**<br>**805,998**<br>**137,630**<br>**943,627**<br>**766,908**<br>**116,463**<br>**883,371**<br>**St Paul Barnabas**<br>**St Paul**<br>**St Barnabas**<br>**St Paul Barnabas**<br>**St Paul Barnabas**<br>**01 Jan 2023 to 31 Aug 2023**<br>**01 Jan 2023 to 31 Aug 2023**<br>**01 Sep 2023 to 31 Dec 2023**<br>**01 Jan 2023 to 31 Dec 2023**|
|---|---|



50% of support costs (£82,321 (2021: £77,586)) relate to Ministry costs and 50% (£82,321 (2021: £77,586)) relate to Church running costs. 

Included within support costs are governance costs of £3,720 (2022: £3,424). 

The Guildford Diocesan Board of Finance Limited (GDBF) 

The GDBF acts as custodian trustee in respect of the two properties beneficially owned by the PCC (see note 9 for details). The PCC paid parish share to the GDBF amounting to 173,929 (2022: £187,833). The parish share includes an amount in respect of the stipend of the vicar. 

17 



**The St Paul’s Howell Hill with St Barnabas Epsom PCC** 

**Notes to the Financial Statements (continued) For the year ended 31 December 2023** 

## **4 STAFF COSTS** 

|**COSTS**<br>Salaries<br>Social security costs<br>Pension costs|**2023**<br>**£**<br>263,477<br>16,693<br>8,765<br>288,935|**2022**<br>**£**<br>270,702<br>17,415<br>9,051<br>297,168|
|---|---|---|



The above staff costs do not include the stipend of the Vicar and of the Senior Associate Vicar and the costs of the Financial Controller. The Vicar's stipend is paid by the Church Commissioners, and the PCC pays for this stipend through the parish share system. The Senior Associate Vicar's stipend is paid by the Diocese of Guildford, and the PCC reimburses the Diocese the full cost thereof. The Financial Controller is employed as a contractor. The Vicar and Associate Vicar are included in the staff numbers analysis below. 

During the year the PCC employed an average of 7 (2022: 6) staff members carrying out ministry roles and 5 (2022: 5) staff members carrying out administration roles; 7 (2022: 9) members of staff were employed to run the Little Fishes pre-school. 

During the year no employees received emoluments of more than £60,000 (2022: £60,000). 

Key management personnel of St Paul's comprises of the Vicar, the Senior Associate Vicar and the Church Manager. Total amounts paid to key management totalled £132,387 (2022: £144,568) 

Three PCC members, Rev Paul Dever (Senior Associate Vicar), Rev Sally Thomas (Associate Vicar) (untill September 2023) and Christopher White (Church Manager) (until September 2023) are members of staff whose remuneration is paid by the church. Rev Paul Dever’s salary is paid by the Diocese of Guildford, and the PCC reimburses the Diocese with the full cost thereof, as mentioned above. Their total remuneration came to £84,735 in 2023 (£107,609 in 2022). 

No remuneration was received by any other trustee during the year and, in their capacity as trustees, no expenses were reimbursed to them (2022: nil). 

The PCC is very reliant on volunteers to carry out all its activities. However, it is not possible to place any monetary value on the contribution of volunteers. 

## **5 FIXED ASSETS FOR USE BY THE PCC** 

|**ASSETS FOR USE BY THE PCC**<br>**GROSS BOOK VALUE**<br>At 1 January 2023<br>Additions<br>Disposals<br>At 31 December 2023<br>**DEPRECIATION**<br>At 1 January 2023<br>Charge for the year<br>Depreciation eliminated on disposal<br>At 31 December 2023<br>**NET BOOK VALUE**<br>At 31 December 2023<br>At 31 December 2022|**Property**<br>**£**<br>782,575<br>-<br>-<br>782,575<br>148,727<br>15,651<br>-<br>164,378<br>618,197<br>633,848|**Fixtures**<br>**£**<br>399,378<br>51,323<br>(4,427)<br>446,274<br>332,156<br>30,274<br>-<br>362,430<br>83,844<br>67,222|**Equipment**<br>**£**<br>104,733<br>58,737<br>-<br>163,470<br>100,811<br>10,719<br>-<br>111,530<br>51,940<br>3,922|**Total**<br>**£**<br>1,286,686<br>110,060<br>(4,427)<br>1,392,319<br>581,693<br>56,644<br>-<br>638,337<br>753,982<br>704,993|
|---|---|---|---|---|



Property comprises 18 Nonsuch Walk and 19 Northey Avenue. 19 Northey Avenue was donated to the PCC by the  St Paul's Howell Hill Charitable Trust during 2016. It has been included in the financial statements at market value at the date of transfer. 

## **6 DEBTORS** 

|**RS**<br>Income tax recoverable<br>Prepayments and other debtors<br>**SIS OF CASH AND SHORT TERM DEPOSITS**<br>General Fund account<br>Petty cash<br>Little Fishes|**2023**<br>**£**<br>70,228<br>100<br>344<br>70,672<br>**C**|**2022**<br>**£**<br>76,198<br>100<br>3,919<br>80,217<br>**ash**|**2023**<br>**£**<br>10,391<br>20,776<br>31,167<br>**2023**<br>**£**<br>178,163<br>-<br>20,733<br>198,895<br>**On Short Ter**|**2022**<br>**£**<br>8,797<br>11,159<br>19,956<br>**2022**<br>**£**<br>192,814<br>-<br>10,705<br>203,519<br>**m Deposit**|
|---|---|---|---|---|



- **7 ANALYSIS OF CASH AND SHORT TERM DEPOSITS** 

## **8 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

Other creditors and accruals 

|**2023**<br>**£**<br>58,529<br>58,529|**2022**<br>**£**<br>32,670<br>32,670|
|---|---|



18 



**9 FUND DETAILS** 

## **The St Paul’s Howell Hill with St Barnabas Epsom PCC** 

## **Notes to the Financial Statements (continued) For the year ended 31 December 2023** 

## **UNRESTRICTED FUNDS** 

|Balance at 1 January 2022<br>Surplus/(Deficit) for the year<br>Transfer between funds<br>Balance at 31 December 2022<br>Balance at 1 January 2023<br>Surplus/(Deficit) for the year<br>Transfer between funds<br>Balance at 31 December 2023<br>**RESTRICTED FUNDS**<br>Balance at 1 January 2022<br>Surplus/(Deficit) for the year<br>Transfer between funds<br>Balance at 31 December 2022<br>Balance at 1 January 2023<br>(Deficit)/ surplus for the year<br>Transfer between funds<br>Balance at 31 December 2023|**General**<br>**St Barnabas**<br>**St Barnabas**<br>**St Barnabas Gifts**<br>**Repairs**<br>**Strategic**<br>**St Barnabas**<br>**Total**<br>**Fund**<br>**General Fund**<br>**Gifts**<br>**for Assets**<br>**and maintenance**<br>**Development**<br>**Refurb General**<br>**Fund**<br>**Fund**<br>**Funds**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>184,127<br>16,719<br>31,279<br>-<br>39,743<br>56,619<br>-<br>328,487<br>(19,694)<br>6,459<br>(6,524)<br>(221)<br>-<br>(12,500)<br>-<br>(32,479)<br>-<br>(405)<br>(4,205)<br>4,205<br>-<br>-<br>-<br>(405)<br>164,433<br>22,773<br>20,550<br>3,984<br>39,743<br>44,119<br>-<br>295,602<br>164,433<br>22,773<br>20,550<br>3,984<br>39,743<br>44,119<br>-<br>295,602<br>21,721<br>(15,046)<br>(4,401)<br>(1,217)<br>(10,356)<br>(12,500)<br>(591)<br>(22,390)<br>-<br>3,100<br>(16,149)<br>221<br>-<br>-<br>16,178<br>3,350<br>186,154<br>10,826<br>-<br>2,988<br>29,387<br>31,619<br>15,587<br>276,562<br>**Property**<br>**Social**<br>**Jubilee**<br>**Little Fishes**<br>**Y & W**<br>**St Barnabas**<br>**St Barnabas**<br>**St Barnabas**<br>**Other**<br>**Total**<br>**Fund**<br>**Fund**<br>**Fund**<br>**Fund**<br>**Revitalisation Grants**<br>**Refurb Restricted**<br>**Fund**<br>**Restricted**<br>**Fund**<br>**Funds**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>649,499<br>755<br>38,273<br>8,952<br>34,061<br>-<br>-<br>9,278<br>4,243<br>745,061<br>(15,651)<br>(718)<br>(19,139)<br>5,504<br>(9,735)<br>-<br>-<br>(8,350)<br>7,139<br>(40,949)<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>405<br>-<br>405<br>633,848<br>38<br>19,134<br>14,456<br>24,326<br>-<br>-<br>1,333<br>11,382<br>704,517<br>633,848<br>38<br>19,134<br>14,456<br>24,326<br>-<br>-<br>1,333<br>11,382<br>704,517<br>(15,651)<br>-<br>(19,134)<br>5,502<br>(3,462)<br>38,375<br>(4,499)<br>25,174<br>(7,844)<br>18,461<br>-<br>-<br>-<br>-<br>-<br>(37,588)<br>60,359<br>(26,124)<br>-<br>(3,353)<br>618,197<br>38<br>-<br>19,958<br>20,864<br>787<br>55,860<br>383<br>3,538<br>719,624|
|---|---|



19 



**The St Paul’s Howell Hill with St Barnabas Epsom PCC** 

**Notes to the Financial Statements (continued) For the year ended 31 December 2023** 

## **9 FUND DETAILS (continued)** 

## **Designated Funds** 

## _**General Fund**_ 

This fund represents amounts given but as yet unspent, which will be used to provide working capital and to finance future activities of the church. 

## _**St Barnabas Refurb General for asset**_ 

This fund represents funds given and used to refurbish St Barnabas' kitchen and facilities. 

## _**St Barnabas Funds General**_ 

Funds brought over from St Barnabas during the merger process. It is envisioned that these funds will be used for any further refurbishment or repair work at St Barnabas. 

## _**St Barnabas Gifts**_ 

This fund shows designated gifts received in 2021, which the donor wished to be used to develop our partnership with and mission at St Barnabas. The donor did not place any restrictions upon how this money should be spent. Further expenditure and commitments have been made in 2023. 

## _**Repairs and Maintenance Fund**_ 

This fund represents amounts set aside for future repairs and maintenance. 

## _**Strategic Development Fund**_ 

This fund was created from a legacy and was used to meet the cost of fixed assets in the church premises. The transactions in 2022 represent the depreciation charged against those assets. 

## **Restricted Funds** 

## _**Support for Partners and other agencies**_ 

This fund reflects giving by members of the congregation to support partners and other agencies. 

## _**Property Fund**_ 

The property fund reflects the amounts given and spent upon the acquisition of the two staff houses, 19 Northey Avenue and 15 Nonsuch Walk, which were purchased from specific donations made by church members. 

## _**Social Fund**_ 

This represents amounts given to support the poor and needy. 

## _**St Paul's Jubilee Fund**_ 

This represents money given to upgrade the fabric and equipment of the church. 

## _**Little Fishes Fund**_ 

This represents the cumulative funds relating to the running of the Little Fishes Pre-School. 

## _**Y & W Fund**_ 

This fund represents money given in 2018 to expand the Church’s Youth and Worship activities.  Expenditure in 2022 represents the cost of the additional costs in relation to the additional staffing in this area of activity. 

## _**Other Funds**_ 

This represents restricted donations received in support of other activities and projects. 

## _**St Barnabas Refurb Restricted for asset**_ 

This fund represents funds given and used to refurbish St Barnabas' kitchen and facilities 

## _**St Barnabas Revitalisation Fund**_ 

A grant given for the revitalisation of the St Barnabas congregation 

## _**St Barnabas Funds Restricted**_ 

Restricted funds brought over from St Barnabas during the merger process. These funds have been given for refurbishment or repair work at St Barnabas 

20 



**The St Paul’s Howell Hill with St Barnabas Epsom PCC** 

**Notes to the Financial Statements (continued) For the year ended 31 December 2023** 

## **10 ANALYSIS OF NET ASSETS BY FUND** 

|Tangible fixed assets<br>Debtors<br>Short term deposits<br>Cash at bank and in hand<br>Creditors: amounts due in less than one year<br>**Fund balance**<br>**11 COMMITMENTS**<br>The PCC was committed to total payments under operating leases as follows:<br>Expiring in less than 1 year<br>Expiring in 2-3 years<br>During the year £0 (2022:£2,388) was incurred in relation to these leases.<br>**12 GRANTS AND DONATIONS**<br>**Partners**<br>David & Georgina Gray (Wycliffe Bible Translators)<br>Keith & Rosie Ketchum (Mission Aviation Fellowship)<br>Pat Blanchard (CMS)<br>**UK Organisations**<br>Open Doors<br>Hope4Malawi<br>Christians in Sport<br>Prison Fellowship<br>Kairos Partnership<br>Operation Mobalisation<br>Tear Fund<br>Vision People in Mission<br>African Childrens School<br>Toilet Twinning<br>Christian Solidarity Worldwide<br>Sutton Community Works<br>Sutton Schools' Christian Workers Trust<br>CAP centre<br>Spinnaker Epsom Schools<br>The Bishop of Guildford's Communities Fund (BGCF)<br>Mid-Surrey Mencap<br>Elam Ministries<br>Barnabas Outreach Trust<br>**International Organisation**<br>St Stephens Society<br>**Individuals (1)**<br>**Other UK Organisations (£1,000 and less)**<br>**TOTAL**|**Unrestricted**<br>**£**<br>135,785<br>31,167<br>97,468<br>70,672<br>(58,529)<br>276,563<br>global<br>global<br>global<br>global<br>global<br>national<br>national<br>global<br>national<br>global<br>global<br>global<br>global<br>global<br>local<br>local<br>local<br>local<br>local<br>local<br>global<br>global<br>global|**Restricted**<br>**£**<br>618,197<br>-<br>101,427<br>-<br>-<br>719,624|**Total**<br>**2023**<br>**£**<br>753,982<br>31,167<br>198,895<br>70,672<br>(58,529)<br>996,187<br>**2023**<br>**Property**<br>**£**<br>-<br>-<br>-<br>**Grants and**<br>**donations**<br>**Unrestricted**<br>**£**<br>13,820<br>18,300<br>-<br>1,640<br>6,678<br>1,890<br>5,000<br>-<br>5,400<br>-<br>-<br>-<br>-<br>3,360<br>6,550<br>3,500<br>5,627<br>420<br>-<br>-<br>5,000<br>600<br>-<br>600<br>1,760<br>80,145|**Unrestricted**<br>**£**<br>52,009<br>19,956<br>146,531<br>109,777<br>(32,670)<br>295,603<br>**2023**<br>**Equipment**<br>**£**<br>-<br>-<br>0<br>**Grants and**<br>**donations**<br>**Restricted**<br>**£**<br>200<br>300<br>-<br>250<br>463<br>-<br>200<br>-<br>950<br>-<br>-<br>-<br>-<br>250<br>315<br>406<br>273<br>821<br>-<br>-<br>355<br>1,014<br>1,300<br>-<br>2,561<br>9,658|**Restricted**<br>**£**<br>652,982<br>-<br>50,202<br>1,333<br>-<br>704,517<br>**2022**<br>**Property**<br>**£**<br>-<br>-<br>-<br>**2023**<br>**£**<br>14,020<br>18,600<br>-<br>1,890<br>7,141<br>1,890<br>5,200<br>-<br>6,350<br>-<br>-<br>-<br>-<br>3,610<br>6,865<br>3,906<br>5,900<br>1,241<br>-<br>-<br>5,355<br>1,614<br>1,300<br>600<br>4,321<br>89,803|**Total**<br>**2022**<br>**£**<br>704,991<br>19,956<br>196,733<br>111,110<br>(32,670)<br>1,000,120<br>**2022**<br>**Equipment**<br>**£**<br>2,388<br>2,388<br>**2022**<br>**£**<br>13,820<br>18,300<br>4,200<br>-<br>5,600<br>3,750<br>5,000<br>360<br>3,600<br>1,800<br>500<br>500<br>500<br>5,000<br>6,500<br>3,500<br>6,600<br>1,000<br>601<br>500<br>-<br>2,400<br>-<br>-<br>-<br>84,031|
|---|---|---|---|---|---|---|



Grants and donations in 2023 were paid from unrestricted and restricted funds.  Grants and donations are paid to the relevant institution and one grant was paid to individual. 

21 



**The St Paul’s Howell Hill with St Barnabas Epsom PCC** 

**Notes to the Financial Statements (continued) For the year ended 31 December 2023** 

## **13 RELATED PARTY TRANSACTIONS** 

The following trustees or key management personnel (KPM) were directors or members of related entities or were connected to people or organisations in receipt of payments from St Paul's: 


**----- Start of picture text -----**<br>
Trustee or KMP Related Party Transactions<br>Mark Goodman Mark is a trustee of hope4malawi to which St Paul's and St Barnabas made grants totaling<br>£7,598.50<br>Joel Goodman Joel's father, Mark Goodman is a trustee of hope4malawi to which St Paul's and St Barnabas<br>made grants totaling £7,598.50<br>Elizabeth Stockwell James Stockwell (husband) is employed by Elmbrook Computing, the IT supplier of St Paul's<br>Jeremy Randall James Stockwell (son in law) is employed by Elmbrook Computing, the IT supplier of St Paul's<br>Neil Thomas Sally Thomas (wife) was an employee of St Paul's as clergy, as the Associate Vicar (until<br>September 2023)<br>Jonathan Eames  Alicia Eames (daughter) is an employee of St Paul's and St Barnabas<br>Chris White Chris White was an employee of St Paul's, the Church Manager, and was a member of the PCC<br>at the request of the PCC (until September 2023)<br>Sally Thomas was an employee of St Paul's and St Barnabas, the Associate Vicar, and is a<br>Sally Thomas<br>member of the PCC as clergy (until September 2023)<br>Clive McIntyre Ann McIntyre (wife) is an employee of St Paul's and St Barnabas<br>Clive is a trustee of Barnabas Outreach Trust to which St Paul's and St Barnabas made grants<br>Clive McIntyre<br>totaling £1,613.75<br>Regional manager of CAP, - St Paul’s funds the cost of the local CAP Centre in<br>Julie O’Brien Epsom, at a cost of £4,800 in subscription to CAP and £2,118 in running costs and gifts<br>to CAP clients.<br>The Guildford Diocesan  The GDBF acts as custodian trustee in respect of the two properties beneficially owned by the<br>Board of Finance Limited  PCC (see note 9 for details). The PCC paid parish share to the GDBF amounting to 177,833<br>(GDBF) (2021: £178,859). The parish share includes an amount in respect of the stipend of the vicar.<br>**----- End of picture text -----**<br>


22