**REGISTERED CHARITY NUMBER : 1128212**
**The Parish of Saint Paul's Howell Hill with Saint Barnabas Epsom Report of the Trustees and Financial Statements for the year ended 31 December 2024**
Shaw Gibbs Limited Salatin House 19 Cedar Road Sutton Surrey SM2 5DA
## **The Parish of Saint Paul's Howell Hill with Saint Barnabas Epsom**
## **Trustees Report and Financial Statements for the year ended 31 December 2024**
## **Index**
||Page|
|---|---|
|Trustees' Report|1|
|Independent Examiner's Report|10|
|Statement of Financial Activities|11|
|Balance Sheet|12|
|Statement of Cash Flows|13|
|Notes to the Financial Statements|14|
**The Parish of St Paul’s Howell Hill with St Barnabas Epsom**
## **Trustees’ Report for the year ended 31 December 2024**
## **Reference and administrative information**
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) is pleased to present its Annual Report and Financial Statements for the year ended 31 December 2024.
**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. The names of all the members of the PCC (who are also the Trustees of the Charity) who have served in the period from 1 January 2024 to the date of this report are as follows:
|**Clergy**:|Rev Nico Ohlsson (Vicar)|
|---|---|
||Rev Paul Dever (Senior Associate Vicar) (until 9 September 2024)|
||Rev Harry Lamaison (Associate Vicar)|
||Rev David Senior|
||Rev Vlada Rakin|
||Rev Ken Hobbs|
|**Church Wardens:**|Mark Goodman (until 22 May 2024)|
||Ian Ayres|
||Simon Ward (from 22 May 2024)|
|**Assistant Wardens (St Barnabas):**John Hindmarsh (until 22 May 2024)||
||Clive McIntyre|
|**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 (until 31 August 2024)|
||John Hindmarsh|
||Paul Jansen|
||Matthew Ryan|
||Samantha Wakefield|
|**Co-options:**|John Woolley (Chair of Finance Team) (until 22 May 2024)|
||Jeremy Randall (Treasurer)|
The Church Manager, Hannah Duncan, and the Safeguarding Officer, Paul Alford, although not members of PCC, attend all meetings in a non-voting capacity. Angela Woolley served as Safeguarding Officer until 22 May 2024, and Sarah Ford from 22 May 2024 until 13 January 2025.
1
## **The Parish of St Paul’s Howell Hill with St Barnabas Epsom**
## **Trustees’ Report for the year ended 31 December 2024**
The PCC’s bankers are NatWest Bank plc of 88-90 High Street, Sutton, Surrey, SM1 1EX 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 Harmer Slater Limited) Salatin House, 19 Cedar Road Sutton, Surrey SM2 5DA
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:** Rev Nico Ohlsson **Associate Vicar:** Rev. Harry Lamaison **Church Manager:** Hannah Duncan – on maternity leave Chris White (maternity cover, part time) **Youth Pastor:** Amanda Neill **Kids Pastor:** Alicia Eames **Families Pastor:** Adam Hansen **Families Outreach Worker:** Emma Brand **Trainee Youth Pastor:** Lauren Randall **Worship Pastor & Facilities Manager:** Mike Currie **Parish Secretary:** Ann McIntyre **Communications Lead:** Jenny Fisher **St Barnabas Community Manager:** vacant **Financial Controller:** Helen Bubb (contractor) **Church Caretaker:** Toby Ahern **CAP Debt Centre Manager:** Lucy Bahiti **CAP Debt Coach:** Robin Calcutt **Little Fishes:** Deborah Johnson (manager) Lindi Souror (administrator) Catherine Curry Joanna Mochra Sonia Bernadi Thara Shivashankamurty Nicola Stevens
## **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. Before 2009, 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.
The appointment of PCC members is governed by and set out in the Church Representation Rules.
2
**The Parish of St Paul’s Howell Hill with St Barnabas Epsom**
## **Trustees’ Report for the year ended 31 December 2024**
The PCC is made up of the following:
- Clergy (currently 5 – see note below)
- Church Wardens (2)
- Assistant Wardens (St Barnabas) (2, currently 1 vacancy)
- Elected members (15) – Deanery Synod (5, currently 1 vacancy) and PCC (10),
- Co-opted Members (up to 2, currently 1) – Treasurer.
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.
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 ending at the APCM in 2026.
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, Paul Alford, attends each PCC meeting to report on the implementation of the Policy and to highlight any issues or wider developments which may require the Policy to be reviewed. PCC has one member who holds a corporate oversight role for Safeguarding and works with the Safeguarding Officer accordingly.
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 Harry Lamaison Ian Ayres Simon Ward Hannah Duncan
Little Fishes Management Group (LFMG) Alison Carr (Chair) Jeremy Randall (Treasurer) Keren Hillman (Secretary) Emma Brand Hannah Wright Lynne Hansen Deborah Johnson
In addition to the above, PCC has delegated a number of matters to specific teams. The permanent teams are:
- Finance Team
- External Mission Team
3
**The Parish of St Paul’s Howell Hill with St Barnabas Epsom**
## **Trustees’ Report for the year ended 31 December 2024**
Other teams are formed from time to time by the PCC to address specific issues.
## **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 God’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.
## **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.
## _**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
4
**The Parish of St Paul’s Howell Hill with St Barnabas Epsom**
## **Trustees’ Report for the year ended 31 December 2024**
- **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 (located at 15 Northey Avenue, Cheam, SM2 7HS) 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 revitalise 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 (located at Temple Road, Epsom, KT19 7HA) 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.
## **2024 Review**
During 2024 we continued to develop the practical arrangements for the new parish, including approval of the detailed policies to underpin our governance arrangements. Since his appointment as Associate Vicar, Harry Lamaison has built on the foundations he helped his predecessor, Paul Dever to put in place at St Barnabas. The PCC wishes to thank both Harry and Paul for leading this work, including the further development of activities which link with the community who live in the area surrounding St Barnabas, as well as the staff, PCC and church members who have been part of the team supporting them.
With the help of some further grant funding, we continued to improve the facilities at St Barnabas using those to develop the range of services and activities we offer. St Barnabas now serves as a community hub for many vulnerable residents, including an Advice Café on Friday mornings which dovetails with the work of our CAP debt centre and our partners Good Company (who run an Epsom food bank) and an NHS drop-in clinic. We host a Make Lunch Club (through a partnership with Transforming Lives for Good) which provides a space on Tuesdays and Thursdays during some school holidays for families to enjoy activities as well as a chance to help
5
**The Parish of St Paul’s Howell Hill with St Barnabas Epsom**
## **Trustees’ Report for the year ended 31 December 2024**
prepare and eat a meal together, and charities working with adults with learning difficulties (Sunnybank), mental health problems (Love Me Love My Mind) and unpaid carers (Action for Carers). These groups provide us with amazing opportunities to see God’s love in practical ways.
We continued to run a wide range of activities at St Paul’s. On weekdays these include activities for families such as Toddler Groups, a range of courses such as Alpha, Exploring Anxiety and Depression, and New Beginnings and a thriving Seniors’ Ministry. We hosted several wider events for the Guildford Diocese. On Sundays we continued our programme of work with children up to the age of 11 in the mornings, and with young people of secondary school age at and alongside our evening services.
2024 also saw increased numbers of adults and children attending services and events at both churches, and this encourages us as we ask God to help us build on this in 2025.
Alongside this, the financial position improved further during 2024 and we thank the Lord for the generosity of our congregations. At the end of 2023 PCC approved a budget with a small surplus for 2024. However, a combination of increased income and one off savings due to staffing vacancies meant that a larger surplus was achieved at the year end. After allowing for the full year impact of some staffing changes which were implemented in 2024, PCC approved a budget with a deficit of £12,280 for 2025. This also allowed for some limited growth in the income from giving. Following an update on the financial position presented to the congregation in November 2024, additional gifts were received, together with increased pledges for future giving. These give us confidence that we will have a balanced budget in 2025 and a healthy level of reserves to cover any unforeseen expenditure.
Looking ahead, we will be considering how we can best continue and develop our work to spread the Gospel of God’s Kingdom in our locality and beyond.
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. It is grateful for the many ways in which our large number of volunteers serve our Church community. However, it is not possible to place any monetary value on the contribution made by volunteers.
## **Financial Review**
## _**Unrestricted Funds**_
As set out in the Statement of Financial Affairs on page 11 the surplus on the Unrestricted Funds for 2024 was £58,064 (2023 deficit £19,041). Within the Unrestricted Funds the PCC has designated a number of separate funds in order to show why and for what purpose such funds are held. Note 9 on page 19 shows a breakdown of these designated funds and the movement over the last two years. The narrative on page 21 explains the purpose of each fund.
## General Fund
Within the Unrestricted Funds, the General Fund represents the unspent, undesignated, accumulated surpluses and the overall movement is shown in Note 9 on page 19. The General Fund produced an overall surplus for the year of £77,995 (2023 a surplus of £21,720). This was significantly better than the approved budget which was a surplus of £9,045. The improvement was largely due to increased giving (including Gift Aid) of £50,162 more than budgeted.
General Fund (unrestricted) giving in the year 2024 (including tax recoveries) amounted to £750,565. This level of general giving compares with £694,299 (including tax recoveries) given in 2023 and is 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 continuing generosity in difficult economic times.
General Fund expenditure overall was £753,293 in 2024, (£684,101 in 2023). This was £14,200 (2%) more than budgeted, despite a number of cost savings being achieved. The biggest costs are staffing, £262,574, (£258,424 in 2023), the Parish Share payable to the Guildford Diocese, £168,371, (£173,929 in 2023), and costs
6
**The Parish of St Paul’s Howell Hill with St Barnabas Epsom**
## **Trustees’ Report for the year ended 31 December 2024**
associated with the maintenance and operation of our Churches and other buildings, including depreciation, of £188,456 (£173,548 in 2023).
After making a transfer of £90,000 to the Repairs and Maintenance Fund at the end of the year and other smaller transfers, the free reserve balance on the General Fund at the end of 2024 amounted to £140,132 (2023: £153,432 excluding £32,721 represented by fixed assets).
As stated above, PCC budgeted for a small deficit of £12,280 in 2025. This is partly the result of the full year cost of some staffing changes made during 2024. However, following the success of our appeal in November 2024 we are now forecasting a small surplus for 2025.
## Repairs and Maintenance Fund
The PCC determined that it is prudent to maintain this fund to meet larger non routine maintenance requirements. In 2024, costs totaling £1,375 (2023 £10,356) were met from this Fund. However, it is anticipated that we will incur some significant costs during 2025 and so a transfer of £90,000 was made from the General Fund in preparation. The balance of this fund at 31[st] December 2024 was £124,012 (£29,387 at 31 December 2023).
## _**Grants and Donations**_
There were specific gifts of £23,300 (including Gift Aid) received for grants and donations outside of the parish in 2024 (£49,166 in 2023).
Grants of £77,395 were made to partner and other agencies in 2023 (£89,336 in 2023).
## _**Reserves policy**_
The 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 £75,000 in the General Fund, which at that time represented approximately 3 months of budgeted salary costs or 1 month’s budgeted expenditure as a safety net or contingency fund against any unexpected events leading to a loss of income or unplanned expenditure. The PCC have since increased the contingency fund to £92,500, representing three months of salaries to staff and to those individuals paid through Missions Support. The figure will be reconsidered as part of the review of the Reserves Policy in March 2025. As noted above, current free reserves including the Contingency Fund are £140,132 (£153,433 at 31 December 2023).
The Policy is also to maintain the Repairs and Maintenance Fund, as described above. The PCC has 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 undertook to review these limits during 2024 in the light of the predicted maintenance requirements for the next three to five years. As noted above, the value of the Fund at 31 December 2024 is £124,012 (£29,387 at 31 December 2023).
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 and the Church Manager have developed a planned maintenance programme to address any issues identified in the reports.
## _**Grant making policy**_
The External Mission Team oversees our relationships with our key partners in mission. Grants are proposed by this Team, with the proposals reviewed by and approved annually by the PCC. In addition, there is a small
7
**The Parish of St Paul’s Howell Hill with St Barnabas Epsom**
## **Trustees’ Report for the year ended 31 December 2024**
budget to make grants to individuals who are undertaking a specific trip, internship, or gap year – the grants are made following an application and considered initially by the Leadership Team.
## _**Policy for key management personnel remuneration**_
Key management personnel are deemed to be the Vicar, Associate Vicar and the Church Manager. The Vicar and Associate Vicar are clergy licensed by the Bishop of Guildford and are paid in accordance with the stipends rates in place for Church of England clergy. Both are paid directly by the Church Commissioners, administered by the Diocese of Guildford. The Vicar’s stipend is covered by the parish share paid to the Diocese of Guildford, and the PCC directly reimburses the Diocese in respect of the stipend payments for the Associate Vicar. The Church Manager’s remuneration has been set to be at a similar level to that of the Associate Vicar, but reflecting that unlike the Associate Vicar, there is no house provided. The Church Manager is paid by the Church directly.
## **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 for consideration in the early part of 2025.
## **Plans for future periods**
The PCC, Leadership Team, Finance Team and Staff Team regularly review the activities and programmes in place to seek to ensure the stated aims and objectives are met.
## **Responsibilities of the PCC**
The PCC is responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’.
The law applicable to charities in England & Wales requires the PCC to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the church and of the incoming resources and application of resources of the church for that period. In preparing these financial statements, the PCC is required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards 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 that the church will continue in business.
8
## **The Parish of St Paul’s Howell Hill with St Barnabas Epsom**
## **Trustees’ Report for the year ended 31 December 2024**
The PCC is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the church and enable them to ensure that the financial statements comply with the Charities Act 2011, the Church Accounting Regulations 2006 and the Accounting by Charities Statement of Recommended Practice. The PCC is also responsible for safeguarding the assets of the church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the PCC:
The Rev Nico Ohlsson Vicar
Date: 31 March 2025
9
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF The Parish of Saint Paul's Howell Hill with Saint Barnabas Epsom**
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 2024, which are set out on pages 11 to 23.
## **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.
Timothy Slater, ACA Institute of Chartered Accountants in England and Wales Shaw Gibbs Limited Salatin House 19 Cedar Road Sutton Surrey SM2 5DA
Date: 31 March 2025
10
## **The Parish of Saint Paul's Howell Hill with Saint Barnabas Epsom**
## **STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 December 2024**
|**Note**
**Income and endowments**
_Donations and legacies_
**2(a)**
_Other trading activities_
**2(b)**
_Investments_
**2(c)**
_Charitable activities_
**2(d)**
**Total operating income**
**Expenditure**
_Charitable activities_
**3**
**Total operating expenditure**
**Net operating expenditure**
Transfers between funds
**9**
**Net movement in funds**
Funds brought forward
**9**
**Funds carried forward**
**9**|**Unrestricted**
**Restricted**
**2024**
**2023**
**Funds**
**Funds**
**£**
**£**
**£**
**£**
756,728
33,851
790,579
767,554
73,451
-
73,451
50,621
3,875
624
4,499
2,440
834,054
34,475
868,529
820,615
40,966
90,482
131,448
119,077
**875,020**
**124,957**
**999,977**
**939,692**
820,082
136,604
956,686
943,626
**820,082**
**136,604**
**956,686**
**943,626**
**54,938**
**(11,647)**
**43,291**
**(3,934)**
3,126
(3,126)
-
-
**58,064**
**(14,773)**
**43,291**
**(3,934)**
276,562
719,624
996,186
1,000,120
**334,626**
**704,851**
**1,039,477**
**996,186**
**Combined Funds**|
|---|---|
11
## **The Parish of Saint Paul's Howell Hill with Saint Barnabas Epsom**
## **BALANCE SHEET AT 31 DECEMBER 2024**
|**Note**
**FIXED ASSETS**
_Tangible fixed assets_
5
**CURRENT ASSETS**
_Investments - bank deposits_
_Debtors_
6
_Short term deposits_
7
_Cash at bank and in hand_
7
**LIABILITIES:**amounts falling due within one year
8
**NET CURRENT ASSETS**
**NET ASSETS**
**FUNDS**
9,10
_Unrestricted_
_Restricted_|**2024**
**£**
711,995
60,000
43,810
182,505
98,959
57,792
**327,482**
**1,039,477**
334,626
704,851
**1,039,477**|**2023**
**£**
753,982
60,000
31,166
138,895
70,672
58,529
**242,204**
**996,186**
276,562
719,624
**996,186**|
|---|---|---|
Approved by the Parochial Church Council on 31 March 2025 and signed on its behalf by:
Jeremy Randall - Treasurer
Ian Ayres - Church Warden
The notes on pages 14 to 23 form part of these accounts
12
## **The Parish of Saint Paul's Howell Hill with Saint Barnabas Epsom**
## **STATEMENT OF CASH FLOWS For the year ended 31 December 2024**
|**Cashflows from operating activities**
**_Net cash provided by operating activities_**
**Cashflows from investing activities**
_Interest receivable_
_Investment in property,plant and equipment_
**_Net cash used in investing activities_**
**_Change in cash and cash equivalents in the reporting period_**
**Cash and cash equivalents at the beginning of the reporting**
**period**
**Cash and cash equivalents at the end of the reporting period**
**Classified on the Balance Sheet as:**
_Short term deposits_
_Cash at bank and in hand_
**Reconciliation of net (expenditure)/ income to net cash flow**
**from operating activities**
**_Net (expenditure)/ income for the reporting period (as per the_**
**_statement of financial activities)_**
**Adjustments for:**
_Depreciation_
_Interest receivable_
_(Increase)/ decrease in debtors_
_(Decrease)/ increase in creditors_
**_Net cash provided by operating activities_**|**2024**
**£**
74,806
4,499
(7,408)
(2,909)
**71,897**
209,567
**281,464**
182,505
98,959
**281,464**
43,291
49,395
(4,499)
(12,643)
(738)
**74,806**|**2023**
**£**
64,920
2,440
(110,060)
(107,620)
**(42,700)**
252,267
**209,567**
138,895
70,672
**209,567**
(3,934)
56,644
(2,440)
(11,211)
25,861
**64,920**|
|---|---|---|
13
**The Parish of Saint Paul's Howell Hill with Saint Barnabas Epsom**
## **Notes to the Financial Statements For the year ended 31 December 2024**
## **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 Parish of Saint Paul's Howell Hill with Saint Barnabas Epsom**
## **Notes to the Financial Statements (continued) For the year ended 31 December 2024**
## **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
## **The Parish of Saint Paul's Howell Hill with Saint Barnabas Epsom**
## **Notes to the Financial Statements (continued) For the year ended 31 December 2024**
|**2**
**INCOME FROM:**
2(a)
_Donations and legacies_
General giving and donations
Income tax recoverable on Gift Aid
Other giving and donations
Legacies
Other restricted gifts
Government Grant
Charitable Foundation Grant
2(b)
_Other trading activities_
Rental income
Other income
2(c)
_Investments_
Bank interest
2(d)
_Charitable activities_
Little Fishes Fees
Courses, events and activities
Miscellaneous Income
**TOTAL INCOME**|**Unrestricted**
**Restricted**
**TOTAL**
**Unrestricted Restricted**
**TOTAL**
**Funds**
**Funds**
**2024**
**Funds**
**Funds**
**2023**
**£**
**£**
**£**
**£**
**£**
**£**
628,822
-
628,822
577,306
-
577,306
121,743
2,226
123,969
116,993
134
117,127
11
-
11
1,200
2,921
4,121
6,152
-
6,152
-
5,000
5,000
-
13,325
13,325
-
-
-
-
-
-
20,000
20,000
-
18,300
18,300
-
44,000
44,000
**756,728**
**33,851**
**790,578**
**695,499**
**72,055**
**767,554**
61,545
-
61,545
44,380
-
44,380
11,906
-
11,906
6,241
-
6,241
**73,451**
**-**
**73,451**
**50,621**
**-**
**50,621**
**3,875**
**624**
**4,499**
**2,053**
**387**
**2,440**
-
90,482
90,482
-
83,278
83,278
40,966
-
40,966
33,777
-
33,777
-
-
1,657
365
2,022
**40,966**
**90,482**
**131,448**
**35,434**
**83,643**
**119,077**
**875,020**
**124,957**
**999,976**
**783,607**
**156,085**
**939,692**|
|---|---|
Included within Little Fishes fees is £66,976 (2023: £43,651) of government grant income in relation to nursery fees.
16
**The Parish of Saint Paul's Howell Hill with Saint Barnabas Epsom**
## **Notes to the Financial Statements (continued) For the year ended 31 December 2024**
## **3 EXPENDITURE ON:**
|_Charitable Activities_
Grants made in furtherance of the PCC's objectives
Partners and other agencies
Ministry costs
Staff costs
Children and Youth work
Parish share
Other ministry costs
Events and activities
Church running costs
Heat, Light, Rates and Insurance
Cleaning and servicing
Maintenance, equipment and IT costs
Hub running costs
Depreciation
Support costs
Staff costs
Rent
Telephone
Printing & Stationery
Professional costs
Independent Examiner's fee
Bank charges
Little Fishes costs
Staff costs
Other costs
Bank charges
Telephone
Insurance
Professional costs
Events and activities
Training
Maintenance, equipment and IT costs
**AL EXPENDITURE**|**Unrestricted**
**Restricted**
**TOTAL**
**Unrestricted**
**Restricted**
**TOTAL**
**Funds**
**Funds**
**2024**
**Funds**
**Funds**
**2023**
**£**
**£**
**£**
**£**
**£**
**£**
77,220
175
77,395
80,764
8,572
89,336
**_77,220_**
**_175_**
**_77,395_**
**_80,764_**
**_8,572_**
**89,336**
145,858
19,599
165,457
155,867
1,575
157,442
6,840
-
6,840
5,469
-
5,469
168,371
-
168,371
173,929
-
173,929
27,856
2,868
30,724
32,795
1,253
34,048
48,342
1,989
50,331
39,460
2,351
41,811
**_397,267_**
**_24,456_**
**_421,723_**
**_407,520_**
**_5,179_**
**412,699**
65,252
-
65,252
56,876
-
56,876
31,463
-
31,463
24,383
-
24,383
62,589
383
62,972
72,100
2,234
74,334
4,884
-
4,884
3,023
-
3,023
24,268
25,127
49,395
17,165
39,479
56,644
**188,456**
**25,510**
**213,966**
**173,547**
**41,713**
**215,260**
116,716
116,716
102,557
4,000
106,557
20,225
-
20,225
18,165
-
18,165
4,301
-
4,301
4,297
-
4,297
3,483
-
3,483
4,863
-
4,863
5,117
-
5,117
7,203
-
7,203
3,750
-
3,750
3,720
-
3,720
3,547
-
3,547
3,362
-
3,362
**_157,139_**
**_-_**
**_157,139_**
**_144,167_**
**_4,000_**
**_148,167_**
-
79,814
79,814
-
71,715
71,715
-
2,845
2,845
-
3,075
3,075
-
60
60
-
60
60
-
226
226
-
166
166
-
796
796
-
748
748
-
1,393
1,393
-
864
864
-
775
775
-
533
533
-
-
-
466
466
-
554
554
-
537
537
**_-_**
**_86,463_**
**_86,463_**
**_-_**
**_78,164_**
**_78,164_**
**820,082**
**136,604**
**956,686**
**805,998**
**137,628**
**943,626**|
|---|---|
## **TOTAL EXPENDITURE**
50% of support costs (£68,457 (2023: £72,083)) relate to Ministry costs and 50% (£68,457 (2023: £72,083)) relate to Church running costs.
Included within support costs are governance costs of £3,750 (2023: £3,720) for the Independent Examiner's fee.
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 5 for details).
The PCC paid parish share to the GDBF amounting to £168,371 (2023: £173,929). The parish share includes an amount in respect of the stipend of the vicar.
17
**The Parish of Saint Paul's Howell Hill with Saint Barnabas Epsom**
## **Notes to the Financial Statements (continued) For the year ended 31 December 2024**
## **4 STAFF COSTS**
|**COSTS**
Salaries
Social security costs
Pension costs|**2024**
**£**
278,235
16,177
9,634
304,046|**2023**
**£**
263,477
16,693
8,765
288,935|
|---|---|---|
The above staff costs do not include the stipend of the Vicar and of the Senior Associate Vicar (to September 2024) or the Associate Vicar (from July 2024) 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 stipends of the Senior Associate Vicar / Associate Vicar are 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 (2023: 7) staff members carrying out ministry roles and 4 (2022: 5) staff members carrying out administration roles; 9 (2023: 7) members of staff were employed to run the Little Fishes pre-school.
During the year no employees received emoluments of more than £60,000 (2023: none).
Key management personnel of St Paul's comprises of the Vicar, the Associate Vicar and the Church Manager. Total amounts paid to key management totalled £155,134 (2023: £132,367)
Two PCC members, Rev Paul Dever (Senior Associate Vicar) (until September 2024), and Rev Harry Lamaison (Associate Vicar) (from July 2024) are members of staff whose remuneration is paid by the church. Rev Paul Dever and Rev Harry Lamaison’s salaries are 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 £48,717 in 2024 (£84,735 in 2023, for three PCC members, Rev Paul Dever, Christopher White (until September 2023) and Sally Thomas (until September 2023)).
No remuneration was received by any other trustee during the year and, in their capacity as trustees, no expenses were reimbursed to them (2023: £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**
**GROSS BOOK VALUE**
At 1 January 2024
Additions
Disposals
At 31 December 2024
**DEPRECIATION**
At 1 January 2024
Charge for the year
Depreciation eliminated on disposal
At 31 December 2024
**NET BOOK VALUE**
At 31 December 2024
At 31 December 2023|**Property**
**£**
782,575
-
-
782,575
164,378
15,651
-
180,029
602,546
618,197|**Fixtures**
**£**
446,274
-
(3,399)
442,875
362,430
18,671
(3,399)
377,702
65,173
83,844|**Equipment**
**£**
163,470
7,408
-
170,878
111,530
15,073
-
126,603
44,275
51,940|**Total**
**£**
1,392,319
7,408
(3,399)
1,396,328
638,337
49,395
(3,399)
684,333
711,995
753,982|
|---|---|---|---|---|
Property comprises 18 Nonsuch Walk and 19 Northey Avenue. Both properties were donated to the PCC by the St Paul's Howell Hill Charitable Trust during 2016. They have been included in the financial statements at market value at the date of transfer.
## **6 DEBTORS**
**----- Start of picture text -----**
2024 2023
£ £
Income tax recoverable 21,924 10,391
Prepayments and other debtors 21,886 20,775
43,810 31,166
ANALYSIS OF CASH AND SHORT TERM DEPOSITS
Cash On Short Term Deposit
2024 2023 2024 2023
£ £ £ £
General Fund account 92,114 70,228 162,661 118,163
Petty cash 100 - -
Little Fishes 6,845 344 19,845 20,733
98,959 70,672 182,505 138,895
LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other creditors and accruals 57,791 58,529
57,791 58,529
**----- End of picture text -----**
## **7 ANALYSIS OF CASH AND SHORT TERM DEPOSITS**
**8 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR**
18
## **The Parish of Saint Paul's Howell Hill with Saint Barnabas Epsom**
## **Notes to the Financial Statements (continued) For the year ended 31 December 2024**
## **9 FUND DETAILS**
|**UNRESTRICTED FUNDS**
General Fund
St Barnabas General Fund
St Barnabas Gift for Assets
St PB Assets from General Fund
Repairs and Maintenance Fund
Strategic Development Fund
St Barnabas Refurbishment Fund
**RESTRICTED FUNDS**
Property Fund
Social Fund
Little Fishes
Youth and Worship Fund
St Barnabas Revitalisation Fund
St Barnabas Refurbishment Fund
St Barnabas Restricted Fund
Other Funds
**TOTAL FUNDS**|**Balance at**
**Surplus/(Deficit)**
**Transfers**
**Balance at 31**
**1 January 2024**
**for the year**
**between funds**
**December 2024**
153,432
77,995
(91,295)
140,132
10,827
(3,414)
-
7,413
2,988
-
(2,988)
-
32,721
(9,790)
7,409
30,340
29,387
4,625
90,000
124,012
31,620
(12,500)
-
19,120
15,587
(1,978)
-
13,609
**276,562**
**54,938**
**3,126**
**334,626**
618,197
(15,651)
-
602,546
38
(38)
-
-
19,957
4,643
-
24,600
20,864
(14,225)
-
6,639
787
10,627
-
11,414
55,860
(9,477)
-
46,383
383
1,967
-
2,350
3,538
10,507
(3,126)
10,919
**719,624**
**(11,647)**
**(3,126)**
**704,851**
**996,186**
**43,291**
**-**
**1,039,477**|
|---|---|
## **TRANSFERS BETWEEN FUNDS**
£3,126 has been transferred into Unrestricted Funds, General Fund, from Other Restricted Funds, being a donation used during the year towards the cost of purchasing a new drum kit at St Paul's.
£97,409 has been transferred out of the General Fund of which £90,000 has been transferred to 'Repairs and Renewals' and £7,409 to St PB Assets from General Reserves representing funds used to buy Fixed Assets. £2,988 has been transferred into General Fund from St Barnabas Gifts for Assets for the purchase of specific assets at St Barnabas.
19
**The Parish of Saint Paul's Howell Hill with Saint Barnabas Epsom**
## **Notes to the Financial Statements (continued) For the year ended 31 December 2024**
|**9**
**FUND DETAILS**
**2023 Comparative figures**
**UNRESTRICTED FUNDS**
General Fund
St Barnabas General Fund
St Barnabas Gifts
St Barnabas Gift for Assets
St PB Assets from General Fund
Repairs and Maintenance Fund
Strategic Development Fund
St Barnabas Refurbishment Fund
**RESTRICTED FUNDS**
Property Fund
Social Fund
Jubilee Fund
Little Fishes
Youth and Worship Fund
St Barnabas Revitalisation Fund
St Barnabas Refurbishment Fund
St Barnabas Restricted Fund
Other Funds
**TOTAL FUNDS**|**Balance at**
**Surplus/(Deficit)**
**Transfers**
**Balance at 31**
**1 January 2023**
**for the year**
**between funds**
**December 2023**
164,433
21,720
(32,721)
153,432
22,773
(15,046)
3,100
10,827
20,550
(4,401)
(16,149)
-
3,984
(1,217)
221
2,988
-
-
32,721
32,721
39,743
(10,356)
-
29,387
44,120
(12,500)
-
31,620
-
(591)
16,178
15,587
**295,603**
**(22,391)**
**3,350**
**276,562**
633,848
(15,651)
-
618,197
38
-
-
38
19,134
(19,134)
-
-
14,456
5,501
-
19,957
24,326
(3,462)
-
20,864
-
38,375
(37,588)
787
-
(4,499)
60,359
55,860
1,333
25,171
(26,121)
383
11,382
(7,844)
-
3,538
**704,517**
**18,457**
**(3,350)**
**719,624**
**1,000,120**
**(3,934)**
**-**
**996,186**|
|---|---|
## **TRANSFERS BETWEEN FUNDS**
The transfer of £3,350 between is between the St Barnabas Restricted Fund and the St Barnabas General Funds for the refurb of the St Barnabas kitchen
£32,721 has been transferred out of the General Fund to St PB Assets from General Fund representing funds used to buy Fixed Assets The transfer of funds from the St Barnabas Revitalisation Fund and the St Barnabas Restricted Fund to the St Barnabas Refurbishment Fund is for the assets purchased for refurbishment of St Barnabas's kitchen, Hub and lounge.
The transfers between the St Barnabs General Fund, St Barnabas Gifts and St Barnabas Refurbishment Fund is for assets purchased for refurbishment of St Barnabas's kitchen, Hub and lounge.
20
**The Parish of Saint Paul's Howell Hill with Saint Barnabas Epsom**
## **Notes to the Financial Statements (continued) For the year ended 31 December 2024**
## **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 General Fund**_
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.
## _**St Barnabas Gifts for Assets**_
This fund represents the assets purchased with the designated gift received in 2021
## _**St PB Assets from General Fund**_
The fund represents assets purchased from reserves
## _**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 2024 represent the depreciation charged against those assets.
## _**St Barnabas Refurbishment Fund**_
This fund represents funds given and used to refurbish St Barnabas' kitchen and facilities.
## **Restricted Funds**
## _**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.
## _**Jubilee Fund**_
This represents money given to upgrade the fabric and equipment of the church.
## _**Little Fishes**_
This represents the cumulative funds relating to the running of the Little Fishes Pre-School.
## _**Youth and Worship Fund**_
This fund represents money given in 2018 to expand the Church’s Youth and Worship activities. Expenditure in 2024 represents the cost of the additional costs in relation to the additional staffing in this area of activity.
## _**St Barnabas Revitalisation Fund**_
A grant given for the revitalisation of the St Barnabas congregation
## _**St Barnabas Refurbishment Fund**_
This fund represents funds given and used to refurbish St Barnabas' kitchen and facilities
## _**St Barnabas Restriced Fund**_
Restricted funds brought over from St Barnabas during the merger process. These funds have been given for refurbishment or repair work at St Barnabas
## _**Other Funds**_
This represents restricted donations received in support of other activities and projects.
21
## **The Parish of Saint Paul's Howell Hill with Saint Barnabas Epsom**
## **Notes to the Financial Statements (continued) For the year ended 31 December 2024**
**----- Start of picture text -----**
10 ANALYSIS OF NET ASSETS BY FUND
Unrestricted Restricted Total Unrestricted Restricted Total
2024 2023
£ £ £ £ £ £
Tangible fixed assets 63,066 648,929 711,995 79,925 674,057 753,982
Investments 60,000 60,000 60,000 60,000
Debtors 43,810 - 43,810 31,166 - 31,166
Short term deposits 126,583 55,922 182,505 93,328 45,567 138,895
Cash at bank and in hand 98,959 - 98,959 70,672 - 70,672
Creditors: amounts due in less than one year (57,791) - (57,791) (58,529) - (58,529)
Fund balance 334,626 704,851 1,039,477 276,562 719,624 996,186
11 GRANTS AND DONATIONS
Grants and Grants and
donations donations 2024 2023
Unrestricted Restricted
£ £ £ £
Partners
David & Georgina Gray (Wycliffe Bible Translators) global 11,500 - 11,500 14,020
Keith & Rosie Ketchum (Mission Aviation Fellowship) global 11,000 - 11,000 18,600
UK Organisations
Bridges Nepal UK Trust global 2,500 2,500 -
Open Doors global 2,500 - 2,500 1,890
Hope4Malawi global 7,750 - 7,750 7,141
Christians in Sport national - - - 1,890
Prison Fellowship national 5,000 - 5,000 5,200
Operation Mobalisation national 7,250 - 7,250 6,350
Christian Solidarity Worldwide global 2,500 - 2,500 3,610
Sutton Community Works local 5,000 - 5,000 6,865
Sutton Schools' Christian Workers Trust local 2,500 - 2,500 3,906
CAP centre local 6,600 150 6,750 5,900
Spinnaker Epsom Schools local 1,250 - 1,250 1,241
Elam Ministries global 5,000 - 5,000 5,355
Barnabas Outreach Trust global 2,000 - 2,000 1,614
Y.O.U.F.F 1,300 25 1,325
International Organisation
St Stephens Society global - - - 1,300
Individuals (3) 2,000 - 2,000 600
Other UK Organisations (£1,000 and less) 1,570 - 1,570 4,321
TOTAL 77,220 175 77,395 89,803
**----- End of picture text -----**
Grants and donations in 2024 were paid from unrestricted and restricted funds. Grants and donations are paid to the relevant institution and one grant was paid to individual.
## **12 RELATED PARTY TRANSACTIONS**
The following trustees or key management
**----- Start of picture text -----**
Trustee or
KMP Related Party Transactions
Mark
Goodman Mark is a trustee of hope4malawi to which St Paul's and St Barnabas made grants totaling £7,750
Joel Goodman Joel's father, Mark Goodman is a trustee of hope4malawi to which St Paul's and St Barnabas made grants totaling £7,750
Jeremy
Randall James Stockwell (son in law) is employed by Elmbrook Computing, the IT supplier of St Paul's
Jonathan
Eames Alicia Eames (daughter) is an employee of St Paul's and St Barnabas
Clive McIntyre Ann McIntyre (wife) is an employee of St Paul's and St Barnabas
Clive McIntyre Clive is a trustee of Barnabas Outreach Trust to which St Paul's and St Barnabas made grants totaling £2,000
The Guildford
Diocesan
Board of The GDBF acts as custodian trustee in respect of the two properties beneficially owned by the PCC (see note 5 for details). The PCC paid parish share
Finance to the GDBF amounting to £168,371 (2023: £173,929). The parish share includes an amount in respect of the stipend of the vicar.
Limited
(GDBF)
The Guildford
Diocesan
Board of 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
Finance to the GDBF amounting to 177,833 (2021: £178,859). The parish share includes an amount in respect of the stipend of the vicar.
Limited
(GDBF)
**----- End of picture text -----**
Members of clergy are ex-officio members of the PCC
22
## **The Parish of Saint Paul's Howell Hill with Saint Barnabas Epsom**
## **Notes to the Financial Statements (continued) For the year ended 31 December 2024**
## **13 COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES**
**For the year ended 31 December 2023**
|**Note**
**Income and endowments**
_Donations and legacies_
**2(a)**
_Other trading activities_
**2(b)**
_Investments_
**2(c)**
_Charitable activities_
**2(d)**
**Total operating income**
**Expenditure**
_Charitable activities_
**3**
**Total operating expenditure**
**Net operating expenditure**
Gross transfers between funds
**9**
**Net movement in funds**
Funds brought forward
**9**
**Funds carried forward**
**9**|**Unrestricted**
**Restricted**
**Combined**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
695,499
72,056
767,555
50,621
-
50,621
2,052
388
2,440
748,172
72,444
820,616
35,433
83,643
119,076
**783,605**
**156,087**
**939,692**
805,998
137,628
943,626
**805,998**
**137,628**
**943,626**
**(22,393)**
**18,459**
**(3,934)**
3,352
(3,352)
-
**(19,041)**
**15,107**
**(3,934)**
295,603
704,517
1,000,120
**276,562**
**719,624**
**996,186**|
|---|---|
23