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 2025
Shaw Gibbs (Audit) 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 2025
Index
| Page | |
|---|---|
| Trustees' Report | 1 |
| Audit Report | 10 |
| Statement of Financial Activities | 14 |
| Balance Sheet | 15 |
| Statement of Cash Flows | 16 |
| Notes to the Financial Statements | 17 |
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Reference and administrative information
The Parochial Church Council of the Ecclesiastical Parish of Howell Hill with St Barnabas Epsom ( Working name: St Paul Howell Hill with St Barnabas Epsom PCC) is pleased to present its Annual Report and Financial Statements for the year ended 31 December 2025.
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 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 Charity 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 2025 to the date of this report are as follows:
Clergy : Rev Nico Ohlsson (Vicar) Rev Harry Lamaison (Associate Vicar) Rev David Senior Rev Vlada Rakin Rev Ken Hobbs Rev Simon Ward (from 29 September 2025) Church Wardens: Ian Ayres Simon Ward (until 21 May 2025) Jennifer Dyne (from 21 May 2025) Assistant Wardens (St Barnabas): Clive McIntyre (until 20 October 2025) Deanery Synod Members: Jonathan Eames Margaret Hobbs Ruth Sharma Anne Williams PCC Members: Paul Alford (from 21 May 2025) (Safeguarding Officer) Tony Butler Alison Carr Peter De Leyser Jan Ganney Sarah Ford Joel Goodman (until 21 May 2025) Paul Jansen Jeremy Randall (from 21 May 2025) (Treasurer) Matthew Ryan Samantha Wakefield (until 21 May 2025)
Co-options: Jeremy Randall (until 21 May 2025) (Treasurer)
The Church Manager, Hannah Duncan, although not a member of PCC, is invited to attend all meetings in a non-voting capacity. The Safeguarding Officer, Paul Alford, attended PCC as a non-voting member from 13 January 2025 until 21 May 2025. Sarah Ford served as Safeguarding Officer until 13 January 2025.
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The PCC s bankers are NatWest Bank plc of 88-90 High Street, Sutton, Surrey, SM1 1EX and CAF Bank Limited .
The PCC s Auditor is: Shaw Gibbs (Audit) 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:
Associate Vicar: Church Manager:
Youth Pastor: Kids Pastor: Families Pastor: Families Outreach Worker: Worship Pastor & Facilities Manager: Parish Secretary: Communications Lead: Community Pastor: Financial Controller: Caretaker: CAP Debt Centre Manager: CAP Debt Coach:
Rev Nico Ohlsson Rev. Harry Lamaison Hannah Duncan was on maternity leave for most of 2025. (Chris White provided part time maternity cover). Amanda Neill Alicia Eames Adam Hansen Emma Brand Mike Currie Ann McIntyre Jenny Fisher Gemma Marrow Helen Bubb (contractor) Toby Ahern Lucy Bahiti Robin Calcutt
Little Fishes:
Deborah Johnson (manager) Lindi Souror (administrator) Sonia Bernadi Ella Groves 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 1956, the Church Representation Rules 2025 and the Charities Act 2011. 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 retained the existing charity registration,
The appointment of PCC members is governed by and set out in the Church Representation Rules.
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The PCC is made up of the following:
Clergy (currently 6 see note below)
- Church Wardens (2) Assistant Wardens (St Barnabas) (2)
Elected members (15) Deanery Synod (5, currently 1 vacancy) and PCC (10), Co-opted Members (up to 2, currently 0)
Notes
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i. The Church Manager and PCC Secretary are not PCC members but attend PCC meetings in an advisory capacity.
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ii. All ordained clergy whose licences are linked to the Parish are entitled to be PCC members.
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iii. Paul Jansen and Samuel Neill are Assistant Wardens at St Barnabas, from October 2025. Paul was already an elected member of PCC, and Samuel is not a PCC member because his wife is a member of the staff team.
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. This meant that there were 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 or 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, is a member of PCC. At each PCC meeting he reports on the implementation of the Policy and to highlight any issues or wider developments which may require the Policy to be reviewed. The Vicar 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 Jennifer Dyne Hannah Duncan
Little Fishes Management Group (LFMG) Alison Carr (Chair) Jeremy Randall (Treasurer) Keren Hillman (Secretary) Emma Brand Hannah Wright Lynne Hansen
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Deborah Johnson
- In addition to the above, PCC has delegated some 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.
Public Benefit
The PCC is 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:
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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
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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
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Our vision is summarised as
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Being Like Jesus
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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 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
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Joy
- 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
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attitudes match our beliefs. My grace is sufficient for you, for my power is made perfect in weakness. 2 Corinthians 12:9
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Encouragement 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
- Come follow me Matthew 4:19
Our Mission
Our mission is:
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to be formed as disciples of Jesus, who make disciples to share our faith and love our neighbour
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to be known because we are a joyful, encouraging, authentic and adventurous community.
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Above everything, we long to love God with all our heart, soul and mind.
Our Dream
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.
(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 communiti
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.
2025 Review
During 2025 we continued to develop the many ways in which we meet to serve our local communities. At St mornings, where we hear from a guest speaker and follow this with a hot lunch. We have expanded this part of our work by having more frequent midweek communion services during 2026. At St Barnabas we moved from having a single Sunday morning service to having two services, a
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more family orientated service at 11.15am. At St Barnabas we also run a termtime toddler group and a monthly after school club for primary school aged children and their families.
St Barnabas 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 during some school holidays for families to enjoy activities as well as a chance to help 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 ways.
such as Toddler Groups, a range of courses such as Alpha, Exploring Anxiety and Depression, and New Beginnings . 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.
2025 also saw further increases in the 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 2026.
Alongside this, the financial position improved further during 2025 and we thank the Lord for the generosity of our congregations. At the end of 2024 PCC approved a budget with a small deficit for 2025. However, a combination of increased income (including 3 legacies) and one off savings due to staffing vacancies meant that a surplus on the general fund was achieved at the year end. After allowing for the full year impact of some staffing changes which were implemented in 2025, PCC approved a budget with a deficit of £41,549 for 2026. 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 2025, additional gifts were received, together with increased pledges for future giving. These give us confidence that we will reach a balanced budget in 2026. Should that not be the case, we retain 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
A more detailed explanation of our work and the various activities which underpin that can be found on the , 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 14 the deficit on the Unrestricted Funds for 2025 was £24,767 (2024 surplus £58,064). 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 22 shows a breakdown of these designated funds and the movement over the last two years. The narrative on page 24 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 22. The General Fund produced an overall surplus for the year of £56,770 (2024 a surplus of £77,995). This was significantly better than the approved budget which was a deficit of £12,280. The improvement was largely due to increased giving (including Gift Aid) of £25,517 more than budgeted and legacies of £47,824.
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General Fund (unrestricted) giving in the year 2025 (including tax recoveries) amounted to £755,114. This level of general giving compares with £750,565 (including tax recoveries) given in 2024 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 £808,518 in 2025, (£753,293 in 2024). This was £4,595 (1%) less than budgeted. The biggest costs are staffing, £318,164, (£262,574 in 2024), the Parish Share payable to the Guildford Diocese, £167,524, (£168,371 in 2024), and costs associated with the maintenance and operation of our Churches and other buildings, of £146,469 (£158,104 in 2024).
After making a transfer of £50,000 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 2025 amounted to £143,847 (2024: £140,132).
As stated above, PCC has budgeted for a deficit of £41,549 in 2026. This is partly the result of the full year cost of some staffing changes made during 2025. Since setting the budget, the Diocese has advised that our Parish share contribution for 2026 will be £8,659 less than the amount included in the budget. This, together with the success of our appeal in November 2025, means that we are currently forecasting a smaller deficit in 2026. PCC will continue to monitor the position during the year. The General Fund balance will be sufficient to meet the forecast deficit and still leave reserves above the minimum level in the Reserves Policy. This means that PCC will be able to begin planning early to approve actions to reduce and ultimately eliminate the deficit in future years should that be necessary.
Repairs and Maintenance Fund
The PCC determined that it is prudent to maintain this fund to meet larger non routine maintenance requirements. In 2025, costs totaling £49,375 (2024 £1,375) were met from this Fund. However, it is anticipated that we will incur further significant costs during 2026 and so a transfer of £50,000 was made from the General Fund in preparation. The balance of this fund at 31[st] December 2025 was £124,545 (£124,012 at 31 December 2024).
Grants and Donations
There were specific gifts of £10,000 (including Gift Aid) received for grants and donations outside of the parish in 2025 (£23,300 in 2024).
Grants of £91,854 were made to partner and other agencies in 2025 (£77,395 in 2024).
Reserves Policy
The PCC updated its Reserves Policy at its meeting on 20 April 2026. 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 £92,500 in the General Fund, which at that time represented approximately 3 months of budgeted salary costs 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 £100,000, 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 April 2027. As noted above, current free reserves including the Contingency Fund are £143,847 (£140,132 at 31 December 2024).
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. The balance on this Fund will fluctuate according to when large items of maintenance costs occur. In the light of known planned maintenance requirements following the most recent quinquennial inspections of both Churches, approved the transfer of £90,000 from General Fund into this Fund at the end of 2024, and a Legacy received from a former member of the St Barnabas congregation was transferred into this Fund to be used towards the part of the car park expansion project. The PCC confirmed its Reserves Policy at its meeting on 20 April 2026.
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A number of costs were met from the Fund in 2025, including refurbishment of the house in Nonsuch Walk prior to it being let. As noted above, the value of the Fund at 31 December 2025 is £124,545 (£124,012 at 31 December 2024).
The PCC intends to review and update its Reserves Policy in April 2027, to reflect the impact of the 2026 outturn, any significant building maintenance items identified, and the full year impact of staff changes made during 2026.
Other Commitments
Both church buildings were inspected in 2023 inspection programme. The reports were 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 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 V
and the PCC directly reimburses the Diocese in respect of the stipend payments for the Associate Vicar. The
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 this document has been reviewed and updated regularly. A Risk Register for the new parish is currently being reviewed by the Finance team and will be submitted to the PCC for consideration in 2026.
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.
Going Concern
The charity and its activities remain in reasonable financial health and there are no concerns regards its operations. The legacy of prudent financial management over many years have enables the charity to continue to pursue its objectives.
Statement of disclosure to auditor
Each member has taken steps that they ought to have taken as a member in order to make themselves aware of any relevant audit information (as defined by the Charities Act 2011) and to establish that the charity s auditors are aware of that information. The Trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware.
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Reappointment of auditors
as auditors will be proposed at the forthcoming annual meeting.
Responsibilities of the PCC (on behalf of the Trustees)
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) .
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the church will continue in business.
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 it 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.
Date:
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INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF The Parish of Saint Paul's Howell Hill with Saint Barnabas Epsom
Opinion
charity number 1128212, for the year ended 31 December 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
give a true and fair view of the state of the charity's affairs as at 31 December 2025, and of its incoming resources and application of resources, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
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INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF The Parish of Saint Paul's Howell Hill with Saint Barnabas Epsom
Other information
The other information comprises the information included in the annual report, other than the financial statements financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) the information given in the financial statements is inconsistent in any material respect with the
sufficient accounting records have not been kept;
- the financial statements are not in agreement with the accounting records and returns; or we have not received all the information and explanations we require for our audit.
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.
Responsbilities of the Trustees
also the directors of the charity for the purposes of charity law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
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INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF The Parish of Saint Paul's Howell Hill with Saint Barnabas Epsom
Auditor’s Responsibilities For The Audit Of The Financial Statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Extent To Which The Audit Was Considered Capable Of Detecting Irregularities, Including Fraud
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
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the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and
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● we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
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we identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit
We considered the nature of the charity’s sector and its control environment, and reviewed the charity’s documentation of their policies and procedures relating to fraud and compliance with laws and regulations. We also identified the laws and regulations applicable to the charity through discussions with the Trustees and other management, and from our cumulative audit, knowledge and experience of the charity.
We obtained an understanding of the legal and regulatory framework that the charity operates in, and identified the key laws and regulations that:
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had a direct effect on the determination of material amounts and disclosures in the financial statements. These included the Charities Act 2011, the Charities SORP, and UK financial reporting standards as issued by the Financial Reporting Council; and
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do not have a direct effect on the financial statements but compliance with which may be fundamental to the charity’s ability to operate or to avoid a material penalty. These included the charity’s regulatory requirements, employment and taxation legislations.
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INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF The Parish of Saint Paul's Howell Hill with Saint Barnabas Epsom
Extent To Which The Audit Was Considered Capable Of Detecting Irregularities, Including Fraud (cont)
an understanding of how fraud might occur, by:
making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
considering the internal controls and policies in place to mitigate risks of fraud and non-compliance with laws and regulations.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
reviewing financial statement disclosures by testing to supporting documentation to assess
compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements; performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
enquiring of the Trustee concerning actual and potential litigation and claims, and instances of noncompliance with laws and regulations; and
reading minutes of Trustee meetings, reviewing internal audit reports and reviewing correspondence with the Charities Commission.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the Trustees and other management and the inspection of regulatory and legal correspondence, if any.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing noncompliance and cannot be expected to detect non-compliance with all laws and regulations.
Use Of Our Report
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity
Shaw Gibbs (Audit) Limited Chartered Accountants & Statutory Auditors
Salatin House 19 Cedar Road Sutton Surrey SM2 5DA
1 3
The Parish of Saint Paul's Howell Hill with Saint Barnabas Epsom
STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 December 2025
| 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 2025 2024 Funds Funds £ £ £ £ 802,938 23,447 826,385 790,579 59,602 - 59,602 73,451 6,612 540 7,152 4,499 869,152 23,987 893,139 868,529 50,755 101,266 152,021 131,448 919,907 125,253 1,045,160 999,977 944,674 173,876 1,118,550 956,686 944,674 173,876 1,118,550 956,686 (24,767) (48,623) (73,390) 43,291 - - - - (24,767) (48,623) (73,390) 43,291 334,626 704,851 1,039,477 996,186 309,859 656,228 966,087 1,039,477 Combined Funds |
|---|---|
14
The Parish of Saint Paul's Howell Hill with Saint Barnabas Epsom
BALANCE SHEET AT 31 DECEMBER 2025
| Note FIXED ASSETS Tangible fixed assets 5 LIABILITIES:amounts falling due within one year 8 NET CURRENT ASSETS NET ASSETS FUNDS 9,10 Unrestricted Restricted CURRENT ASSETS Investments - bank deposits Debtors 6 Short term deposits 7 Cash at bank and in hand 7 |
2025 £ 665,265 45,801 300,822 966,087 309,859 656,228 966,087 60,000 39,207 193,026 54,390 |
2024 £ 711,995 57,792 327,482 1,039,477 334,626 704,851 1,039,477 60,000 43,810 182,505 98,959 |
|---|---|---|
Approved by the Parochial Church Council
Jeremy Randall - Treasurer
Ian Ayres - Church Warden
The notes on pages 17 to 26 form part of these financial statements
15
The Parish of Saint Paul's Howell Hill with Saint Barnabas Epsom
STATEMENT OF CASH FLOWS For the year ended 31 December 2025
| 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 |
2025 £ (36,306) 7,152 (4,895) 2,257 (34,049) 281,464 247,415 193,026 54,390 247,416 (73,390) 51,624 (7,152) 4,603 (11,991) (36,306) |
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 |
16
The Parish of Saint Paul's Howell Hill with Saint Barnabas Epsom
Notes to the Financial Statements For the year ended 31 December 2025
1 ACCOUNTING POLICIES
Basis of preparing the financial statements
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 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.
Going concern
The trustees have considered the charity's financial position, liquidity and future performance together with financial projections for the charity and over the foreseeable future and have also reviewed the availability of banking facilities. After making enquiries, the trustees are satisfied that the charity has sufficient resources to continue in operation for the foreseeable future, being at least 12 months from the date of signing the financial statements. Accordingly, they continue to adopt the going concern basis in preparing the charity's financial statements
Public benefit
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.
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 2025
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.
Property
Property 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.
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 2025
| 2 | INCOME FROM: | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | TOTAL | Unrestricted | Restricted | TOTAL | ||
| Funds | Funds | 2025 | Funds | Funds | 2024 | ||
| 2(a) | Donations and legacies | £ | £ | £ | £ | £ | £ |
| General giving and donations | 624,362 | - | 624,362 | 628,822 | - | 628,822 | |
| Income tax recoverable on Gift Aid | 130,752 | 3,368 | 134,120 | 121,743 | 2,226 | 123,969 | |
| Other giving and donations | - | - | - | 11 | - | 11 | |
| Legacies | 47,824 | - | 47,824 | 6,152 | - | 6,152 | |
| Other restricted gifts | - | 20,079 | 20,079 | - | 13,325 | 13,325 | |
| Government Grant | - | - | - | - | |||
| Charitable Foundation Grant | - | - | - | - | 18,300 | 18,300 | |
| 2(b) | Other trading activities | 802,938 | 23,447 | 826,385 | 756,728 | 33,851 | 790,579 |
| Rental income | 51,080 | - | 51,080 | 61,545 | - | 61,545 | |
| Other income | 8,522 | - | 8,522 | 11,906 | - | 11,906 | |
| 2(c) | Investments | 59,602 | - | 59,602 | 73,451 | - | 73,451 |
| Bank interest | 6,612 | 540 | 7,152 | 3,875 | 624 | 4,499 | |
| 2(d) | Charitable activities | ||||||
| Little Fishes Fees | - | 96,266 | 96,266 | - | 90,482 | 90,482 | |
| Courses, events and activities | 50,755 | - | 50,755 | 40,966 | - | 40,966 | |
| Restoration and improvement grants 50,755 |
5,000 101,266 |
5,000 152,021 |
40,966 | 90,482 | 131,448 | ||
| TOTAL INCOME | 919,907 | 125,253 | 1,045,160 | 875,020 | 124,957 | 999,977 |
Included within Little Fishes fees is £83,761 (2024:£66,976) of government grant income in relation to nursery fees.
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 2025
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 Auditors Remuneration 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 TOTAL EXPENDITURE |
Unrestricted Restricted TOTAL Unrestricted Restricted TOTAL Funds Funds 2025 Funds Funds 2024 £ £ £ £ £ £ 84,463 7,391 91,854 77,220 175 77,395 84,463 7,391 91,854 77,220 175 77,395 203,079 11,670 214,749 145,858 19,599 165,457 6,179 - 6,179 6,840 - 6,840 167,524 - 167,524 168,371 - 168,371 30,921 5,502 36,423 27,856 2,868 30,724 67,712 4,566 72,278 48,342 1,989 50,331 475,415 21,738 497,153 397,267 24,456 421,723 48,760 - 48,760 65,252 - 65,252 34,346 - 34,346 31,463 - 31,463 103,839 8,917 112,756 62,589 383 62,972 5,526 - 5,526 4,884 - 4,884 26,496 25,128 51,624 24,268 25,127 49,395 218,967 34,045 253,012 188,456 25,510 213,966 115,085 - 115,085 116,716 116,716 29,895 - 29,895 20,225 - 20,225 4,131 - 4,131 4,301 - 4,301 4,624 - 4,624 3,483 - 3,483 2,043 - 2,043 5,117 - 5,117 6,600 - 6,600 - - - - - - 3,750 - 3,750 3,451 - 3,451 3,547 - 3,547 165,829 - 165,829 157,139 - 157,139 - 96,287 96,287 - 79,814 79,814 - 1,856 1,856 - 2,845 2,845 - 60 60 - 60 60 - 272 272 - 226 226 - 663 663 - 796 796 - 1,443 1,443 - 1,393 1,393 - 1,347 1,347 - 775 775 - - - - - 8,774 8,774 - 554 554 - 110,702 110,702 - 86,463 86,463 944,674 173,876 1,118,550 820,082 136,604 956,686 |
|---|---|
50% of support costs (£83,801 (2024: £68,457)) relate to Ministry costs and 50% (£83,801 (2024: £68,457)) relate to Church running costs.
Included within support costs are governance costs relating to the annual audit of £6,600 (2024: £3,750 cost for independent examination).
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 £167,524 (2024: £168,371). The parish share includes an amount in respect of the stipend of the vicar.
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 2025
4 STAFF COSTS
| COSTS Salaries Social security costs Pension costs |
2025 £ 341,079 31,170 12,563 384,812 |
2024 £ 278,235 16,177 9,634 304,046 |
|---|---|---|
The above staff costs do not include the stipend of the Vicar and of the 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 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 9 (2024: 7) staff members carrying out ministry roles and 5 (2024: 4) staff members carrying out administration roles; 9 (2024: 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 (2024: £60,000).
Key management personnel of St Paul's with St Barnabas comprises of the Vicar, the Associate Vicar, and the Church Manager. Total salary cost of key management totalled £135,715 (2024: £155,134)
One PCC member, Rev Harry Lamaison (Associate Vicar) (from July 2024) is a member of staff whose remuneration is paid by the
mentioned above.His total remuneration came to £42,294 in 2025 (£48,7171 in 2024, for two PCC members, Rev Paul Dever (until September 2024) and Rev Harry Lamaison (from July 2024).
No remuneration was received by any other trustee during the year and no expenses were reimbursed in respect of carrying out their Trustee's duties. Transactions with Related Parties are disclosed in detail in note 12.
Certain trustees pay directly for running costs on behalf of the charity, and these costs are reimbursed in line with internal purchase ledger policies.
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.
The charity contributes to a defined contribution pension scheme for its employees. The pension cost charge for the year represents contributions payable by the charity to the respective scheme and amounted to £12,563 (2024: £9,634) .
Contributions totalling £3,704 (2024: £3,568) were payable to the scheme at the end of the year and are included in payables.
5 FIXED ASSETS FOR USE BY THE PCC
| ASSETS FOR USE BY THE PCC Property £ GROSS BOOK VALUE At 1 January 2025 782,575 Additions - Disposals - At 31 December 2025 782,575 DEPRECIATION At 1 January 2025 180,029 Charge for the year 15,651 Depreciation eliminated on disposal - At 31 December 2025 195,680 NET BOOK VALUE At 31 December 2025 586,895 At 31 December 2024 602,546 Property comprises 18 Nonsuch Walk and 19 Northey Avenue. Both properties were donate Charitable Trust during 2016. They have been included in the financial statements at market RS Income tax recoverable Prepayments and other debtors SIS OF CASH AND SHORT TERM DEPOSITS 2025 £ General Fund account 52,186 Little Fishes 2,204 54,390 TIES: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors and accruals Cas |
Fixtures £ 442,875 - - 442,875 377,702 23,955 - 401,657 41,218 65,173 d to the PCC by t value at the date 2024 £ 92,114 6,845 98,959 h |
Equipment £ 170,878 4,895 - 175,773 126,603 12,018 - 138,621 37,152 44,275 he St Paul's H of transfer. 2025 £ 24,119 15,088 39,207 2025 £ 184,245 8,781 193,026 2025 £ 45,801 45,801 On Short T |
Total £ 1,396,328 4,895 - 1,401,223 684,334 51,624 - 735,958 665,265 711,995 owell Hill 2024 £ 21,924 21,886 43,810 2024 £ 162,660 19,845 182,505 2024 £ 57,792 57,792 erm Deposit |
|---|---|---|---|
6 DEBTORS
- 7 ANALYSIS OF CASH AND SHORT TERM DEPOSITS
8 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
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 2025
9 FUND DETAILS
| UNRESTRICTED FUNDS General Fund St Barnabas General Fund St PB Assets from General Fund Repairs and Maintenance Fund Strategic Development Fund St Barnabas Refurbishment Fund RESTRICTED FUNDS Property 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 2025 for the year between funds December 2025 140,132 56,770 (53,055) 143,847 7,413 (5,575) (1,838) - 30,340 (12,018) 4,893 23,215 124,012 (49,467) 50,000 124,545 19,120 (12,500) 6,620 13,609 (1,977) 11,632 334,626 (24,767) - 309,859 602,546 (15,651) 586,895 24,600 (9,644) 14,956 6,639 (6,639) - 11,414 (5,032) 6,382 46,383 (9,477) 36,906 2,350 (2,350) - 10,919 170 11,089 704,851 (48,623) - 656,228 1,039,477 (73,390) - 966,087 |
|---|---|
£53,055 has been transferred out of the General Fund of which £50,000 has been transferred to 'Repairs and Renewals' and £4,893 to St PB Assets from General Reserves representing funds used to buy Fixed Assets. £1,838 has been transferred into General Fund from the St Barnabas General Fund.
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 2025
| 9 FUND DETAILS 2024 Comparative figures 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.
23
The Parish of Saint Paul's Howell Hill with Saint Barnabas Epsom
Notes to the Financial Statements (continued) For the year ended 31 December 2025
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
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.
24
The Parish of Saint Paul% H1 Hill Milh Saint Barnab35 Ep50m Notes to the Financial Statemerrts Iconlinued} For the yearended 31 Decernber2025 10 ANALYSISOF NET Assets BYFUND Total 2S assels 41.464 621th11 618.9X 717. 6D.( 43.810 IS2.5 98.959 InSreL$ 39.207 160. 54.3¥) 45W1 J859 39207 193026 43810 126583 sh0rtterndepots Cash atb4nkand In hand CreditOTS alsde In Fund b414nC• 32.427 145 801 57.791 33462 656 22B 704851 11 GFiANTSAND DLY4AmLW5 P4rtni Kèith & RosièKetchurnlMlssknnAvbatknn Felb4Jshy Davld & Geo1Tha Graylwytlime UKOryinhi)orrf Operatn MDbèliution Hope41dala Open Oty>rs ii,r 11.500 7.250 7.7$0 2.500 5.000 5.491 s.wo 2.5 2.$00 2.500 6.750 Sutton Schools'ChrlstiètswoikeryTiu CNiibinAwnlPoY•ty IC4 9.Q63 VOUFF AVL1¥1 2,Irxi Indl¥hlu4kn14 kn ¢urrnnty•ir, J kn prlavl 3.890 3.000 ¢h•ruK0ryintkn1I£1,ITr)54nd 33 3.330 TOTAL 84 463 7.391 91.851 77.395 Qi)ts )d dOnAOni)2025th Gr# rirtIn51i grwt%vospoIQ Its lnoiwdl. 12 RELATEO PARTY IRANSACIIO In ie¢eipi ofpat5 St Sl Bwnabts". or K14P R•11t P•rtyTr•nH¢kn• JOÉld# Jqrnp5 2024 £8591 i$eniye4 tyEbltsty)k $Id&SdE11,fj EyE•r 5.(Wand E3.500 TeWIth M 2025. CIIW i& a olB&mabas(hAth T•)h$PIsnd$¢ÈTrth Th• GOBF acts ai custothnMithpinr•¥•ctofth• by bknPCC Itwrth 3trd•Lg1ts1. PCC Q91¢ Pgnsh ghwe GDbF WAthtyiO£117.524 IZ924 [1.)71> YWei*S?n Thi 1th0rd (hQ¢¢$4n F¢9 Menkntsofckn am•x1riDfflMr3o1ts PCC 13 CONnNGENTUAEILlllES
The Parish of Saint Paul's Howell Hill with Saint Barnabas Epsom
Notes to the Financial Statements (continued) For the year ended 31 December 2025
14 COMPARATIVE 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 Gross transfers between funds 9 Net movement in funds Funds brought forward 9 Funds carried forward 9 |
Unrestricted Restricted Combined Funds Funds Funds £ £ £ 756,728 33,851 790,579 73,451 - 73,451 3,875 624 4,499 834,054 34,475 868,529 40,966 90,482 131,448 875,020 124,957 999,977 820,082 136,604 956,686 820,082 136,604 956,686 54,938 (11,647) 43,291 3,126 (3,126) - 58,064 (14,773) 43,291 276,562 719,624 996,186 334,626 704,851 1,039,477 |
|---|---|
26