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2025-12-31-accounts

Parochial Church Council of St Mary the Virgin, Cuddington

ST MARY’S CHURCH PCC, CUDDINGTON, SURREY ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31[ST ] DECEMBER 2025.

Administrative information

St Mary’s Church is situated in The Avenue, Worcester Park. It is part of the Diocese of Guildford within the Church of England. The correspondence address is The Parish Office, The Avenue, Worcester Park, Surrey KT4 7HL.

The Parochial Church Council (PCC) is registered with the Charity Commission under number 1128308.

PCC members who have served from 1[st] January 2025 until the date of this report was approved are:

Incumbent: The Rev'd Canon Dr. Joshva Raja Chair From July 2025
Retired Priest: The Rev'd John Richardson Until August 2025
Canon Margaret Marsh
LLM (Reader): Mr Jason Gray
Churchwardens: Mr Dan Smithers
Mr Peter Harvey
Deanery
Representatives:
Mr Peter Harvey
Mr John Simon
Elected Members: Mr Rodney Clarke Vice
Chair
Mr David Eames Treasurer
Mrs Samantha O'Shea
Mrs Judith Peake
Mrs Daphne Richardson
Mrs Josephine Reynolds
Mrs Carolyn Harvey
Mr Shaun Potter Until May 2025
Mrs Jacqui Potter
Mrs Kate Nowak
Mr Michael Gittings Until May 2025
Mr Steven Robbins
Mrs Carla Botes From May 2025
Mrs Rona Michael From May 2025
Co-opted members: Mrs Linda Charlton
Mrs Elena Hough

Parochial Church Council of St Mary the Virgin, Cuddington

Structure, governance, and management.

The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. On 9[th] July 2025 the investiture took place for St Mary’s new vicar, the Rev’d Canon Dr Joshva Raja.

Objectives and Activities

St Mary’s PCC has the responsibility of co-operating with the incumbent in promoting, in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social, spiritual, and ecumenical.

Achievements and Performance

There are 103 parishioners on the Church Electoral Roll. Throughout the year, services continued to be delivered via Zoom for those unable to attend the church in person. Regular Sunday attendance averaged 66 while additional services, principally at the great festivals, brought the annual average up to 70.

During the year, 5 funeral services were held and there was 1 internment of ashes, and there were baptisms of 18 children.

Financial Review

St Mary’s funds increased by £9,084 in 2025, before the unrealized losses on the investments held in the Greenfield and Leverton Funds of £1,872. This resulted in a net increase in total funds of £7,212.

General Fund

The General Fund had a surplus of £2,971 in the year. This was greatly helped by a Gift Day held at the end of November.

Designated Funds

The Bequests and Donations Fund benefitted from the receipt two legacies totaling £10,000 in the year. A new Heating & Net Zero designated fund was established in the year.

Restricted Funds

Restricted Funds reduced by £8,683 in the year. £2,525 of investment income was received. £9,613 was spent installing a humidifier and swell motor for the organ, £1,504 on organ and piano tuning and general music support. £91 was spent on lighting repairs in the Leverton Room.

Reserves Policy

It is PCC policy to maintain a balance on free reserves (net current assets) which equates to at least six months’ unrestricted payments. This amounts to £68,543. It is held to smooth out fluctuations in cash flow and to meet emergencies. The balance of free reserves at year end was £177,609, held on unrestricted (including designated) funds.

Investments

It is PCC policy to invest cash, which is surplus to day-to-day requirements, with the Church of England Deposit Fund (administered by CCLA).

I would like to thank Malcolm Coffey, our Independent Examiner, for his efficient and thorough review of the accounts, and his advice and comments. The Independent Examiner’s Report, together with the accounts below, form part of the report filed with the Charity Commission and may be viewed on their website. Many thanks again to Jacqui Hooper for counting and banking our collections and other receipts each week. Thanks also to John Simon for taking on the responsibility of Planned Giving Scheme administrator from Colin & Jacqui Hooper.

David Eames, Treasurer

Parochial Church Council of St Mary the Virgin, Cuddington

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Incoming Resources (£157,377)
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Other Giving (incl Tax)
£36,215 Hall Lettings £20,550
Weddings etc.£572
Fundraising income
£6,029
Investment Income
£6,761
Catering,books £688
Planned Giving (incl
Tax) £83,922 Sundry £1,023
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Resources Expended (£148,293)

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Mission & Evangelism Fundraising Costs £106
£343
Sundry Costs £7,280
Trading Costs (inc. Hall)
Stipends Quota
£15,765
£59,180
Church Running Costs
£30,704
Ministry Costs £6,566
Other Parish Share
£28,269
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Parochial Church Council of St Mary the Virgin, Cuddington

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025

Incoming Resources
Notes
_
Income from generated funds
Voluntary Income
2a
Activities for Fundraising
2b
Income from investments
2c
Church Activities
2d
Other Incoming Resources
2e
Total Incoming Resource
Resources Expended
Cost of Generating Funds
Fundraising Trading
3a
Church Activities
3b
Other Resources Expended
3c
Total Resources used
Net Incoming Resources Before
Transfers
Transfers between Funds
8
Net Incoming Resources After Transfers
(Loss)/ Gains on Investments
4
Net Movement of Funds
Total Funds b/fwd 1 Jan
8
Total Funds c/fwd 31 Dec
8
Unrestricted
General
Designated
_
_
£
£
110,137
10,000
6,029
-
1,058
4,796
21,810
-
1,023
-
140,057
14,796
0
186
-
132,158
-
4,742
-
137,086
-
2,971
14,796
-
-
2,971
14,796
-
-
2,971
14,796
35,824
124,018
38,795
138,814
Restricted
Endowment
_
_
£
£
0
-
0
-
2,525
-
-
-
-
-
2,525
-
0
0
-
-
11,208
-
-
-
11,208
-
(8,683)
-
-
-
(8,683)
-
-
(1,872)
(8,683)
(1,872)
37,975
46,845
29,292
44,973
2025
2024
_
_
£
£
120,137
113,779
6,029
6,294
8,379
8,024
21,810
25,469
1,023
642
157,378
154,208
186
106
143,366
136,419
4,742
21,736
148,294
158,261
9,084
(4,053)
-
-
9,084
(4,053)
(1,872)
1,049
7,212
(3,004)
244,662
247,666
251,874
244,662

Parochlal Church Councll of St Mary the Vlrgln, Cuddlngton BALANCE SHEEf AS AT 31 DECEMBER 2025 Notes 2025 2024 Flxed Assets Inv•stm•nts 44.973 46.845 Current Asset8 Bank and Cash B•lanc•s Sundry D•btors 196.286 12.669 191.981 8,898 Curmnt Llabllltles Sundry CredStorn 12,054} (3,0621 N•t A••o1• 251.874 244,662 Th• Funds of th• Charlty Unrestrlctèd Funds - General Unrestrl¢t•d Funds - D•slgnated R•strlet¢d Funds End¢wment Funds 38,795 138,814 29.292 44,973 35,824 124,018 37,975 46.845 Total Funds 251,874 244.862 Appmved by the PCC.. Chalr Date.. ￿ >

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the year ending 31st DECEMBER 2025

2
Incoming Resources
2a
Voluntary Income
Gift Aided Planned Giving
Other Planned Giving
Collections at Services
All other giving (inc Gift Day)
All Tax Recovered through Gift Aid
Legacies and grants received
2b
Activities For Fundraising
Fundraising Events
2c
Income from Investments
Dividends
Interest
2d
Church Activities
Wedding & Funeral Fees
Wedding & Funeral Additional Items
Church Hall Lettings Fees
Catering income, sale of books
2e
Other Incoming resources
Insurance Claims & Sundry Income
Incoming Resources Total
2025
2024
Unrestricted
Designated Restricted
Endowment
Total
Total
Funds
Funds
Funds
Funds
Funds
Funds
£
£
£
£
£
£
65,014
-
-
-
65,014
64,173
2,472
-
-
-
2,472
3,435
3,339
-
-
-
3,339
2,772
19,460
-
-
-
19,460
20,131
19,852
-
-
-
19,852
21,268
-
10,000
-
-
10,000
2,000
110,137
10,000
0
-
120,137
113,779
6,029
-
-
-
6,029
6,294
6,029
-
-
-
6,029
6,294
-
-
1,302
-
1,302
1,271
1,058
4,796
1,223
-
7,077
6,753
1,058
4,796
2,525
-
8,379
8,024
2025
2024
Unrestricted
Designated Restricted
Endowment
Total
Total
Funds
Funds
Funds
Funds
Funds
Funds
£
£
£
£
£
£
472
-
-
-
472
1,625
100
-
-
-
100
944
20,550
-
-
-
20,550
22,063
688
-
-
-
688
837
21,810
-
-
-
21,810
25,469
1,023
-
-
-
1,023
642
1,023
-
-
-
1,023
642
140,057
14,796
2,525
-
157,378
154,208

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the year ending 31st DECEMBER 2025

3
Resources Expended
3a
Fundraising trading
Fundraising Costs
3b
Church Activities
Mission Giving
Stipends Quota
Ministry Parish Share
Parish office salaries etc.
Ministry Expenses
Evangelism (inc work with young people)
Church Running Expenses - Building & Assets
Church Running Expenses - Parish Office
Church Running Expenses - Provision of
Services
Church Running Expenses - Grounds
Church Utility Bills
Trading Costs (incl. Hall)
Catering, books, etc.
Sundry
3c
Other Resources Expended
Building work
Vacancy costs
Resources Expended Total
2025
2024
Unrestricted Designated
Restricted
Endowment
Total
Total
Funds
Funds
Funds
Funds
Funds
Funds
£
£
£
£
£
£
186
-
-
-
186
106
186
-
-
-
186
106
343
-
-
-
343
0
59,180
-
-
-
59,180
68,445
28,269
-
-
-
28,269
25,538
5,273
-
-
-
5,273
7,128
1,293
-
-
-
1,293
514
-
-
-
-
0
19
5,802
-
-
-
5,802
6,409
2,581
-
-
-
2,581
2,299
5,617
-
11,117
-
16,734
7,714
164
-
-
-
164
423
5,423
-
-
-
5,423
4,152
15,675
-
91
-
15,766
10,441
331
-
-
-
331
209
2,207
-
-
-
2,207
3,128
132,158
-
11,208
-
143,366
136,419
-
-
-
-
-
19,650
4,742
-
-
-
4,742
2,086
4,742
-
-
-
4,742
21,736
137,086
-
11,208
-
148,294
158,261

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ending 31st DECEMBER 2025

4 Investments

Investments comprise shares held in the CBF Church of England Investment Fund and represent the principal of the Greenfield Legacy Fund and the Leverton Fund (note 8). These are Endowment funds

£

Balance on 1st January 2025
Deficit on revaluation
Balance on 31st December 2025
5
Bank and Cash Balances
National Westminster Bank
Short Term Deposits
Petty Cash
6
Sundry Debtors
Income Tax Recoverable
Other
7
Sundry Creditors
Accounts Payable
Agency Collections
46,845
(1,872)
44,973
2025
£
38,884
157,257
145
196,286
2025
£
7,669
5,000
12,669
2025
£
737
1,317
2,054
2024
£
41,404
150,448
129
191,981
2024
£
8,898
-
8,898
2024
£
1,373
1,689
3,062

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ending 31st DECEMBER 2025

Funds of the Charity

Unrestricted Funds:
General Fund
Designated - Bequests & Donations Fund
- Heating& Net Zero
Restricted Funds:
Restricted - Greenfield Fund
- Organ and General Music Fund
- Spiritual Development Fund
- Leverton Room
Endowment Funds:
Greenfield
Leverton
Total Funds
01/01/25
Incoming
Resources
Gains/(losses)
Transfers
31/12/25
Resources
Expended
on
Investments
£
£
£
£
£
£
35,824
140,057
(137,086)
-
38,795
124,018
14,796
-
-
(20,000)
118,814
-
-
-
-
20,000
20,000
159,842
154,853
(137,086)
-
-
177,609
16,502
1,452
-
-
17,954
14,229
350
(11,117)
-
-
3,462
3,621
131
-
-
3,752
3,623
592
(91)
-
-
4,124
37,975
2,525
(11,208)
0
0
29,292
30,406
-
-
(1,215)
-
29,191
16,439
-
-
(657)
-
15,782
46,845
-
-
(1,872)
-
44,973
244,662
157,378
(148,294)
(1,872)
-
251,874

Designated Fund

The Bequests Fund holds any legacies or larger donations that are received where no specific conditions have been laid down for their use. Funds are transferred to other funds when required and authorized by the PCC.

The Heating & Net Zero Fund was created a at the end of 2025 to provide funds for the improvement in the church heating system and to fund the movement to a net zero emissions goal.

.

Restricted Funds

The Greenfield Fund was set up when a former churchwarden donated a capital sum to generate income for the maintenance of his gifts to the church, namely the West Window, the two most westerly windows in the South Wall and the Lych-gate. It derives its income from the dividends on the capital sum invested as the Greenfield Legacy Fund.

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the year ending 31st DECEMBER 2025

The Organ and General Music Fund (previously The Music Development Fund) was created in 1996 by the renaming of the Organ and Choir Fund, which had previously been reported as part of the Bequests and Donations Designated Fund and is to be used to meet the needs of the choir and music in general. Following a successful appeal for funds for the repair of the organ, this fund was renamed and will be used for all aspects and requirements for church music.

The Spiritual Development Fund was set up in October 2014 on receipt of donations specifically for the promotion of individual and group spiritual development, particularly outside of the parish. It will be used to help individuals to meet the cost of their spiritual development .

The Leverton Room Fund was set up in 2015 following the receipt of a £10,000 legacy from Peter Leverton. The income from the legacy is used to maintain the Leverton Room.

9 Related Party Transactions

There were no related party transactions in 2025.

.

Independent Examiner's Report to the PCC of St. Mary, The Virgln, Cuddington I report on the accounls for the year ended 31 December 2025. which are sel out on the preceding 8 pages. Resp8ctlve responsibilitles of the PCC and the Examiner The charity's trustees are responsible for the preparation of the accounts. The charity's Iruslees consider that an audit is not required for this year under section 144{21 of the Charities Act 2011 (the Charities Acll and that an independent examination is needed. 11 is my re8ponsibilily lo.. Examine the accounls under section 145 of the Charities Acl-. lo follow the procedures laid down in the general Directions given by the Charity Commission under section 14515llb) of the Charitses ACL and to state whetlw any matters have come to my attention Basls ot thè Independent Examlnerfs SLitement My examination was Carried out in accordance wilh the general Diredions 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 Injstees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequenlty no opinion is given as to whether the accounts present a Yrue and fair view, and the report is limited to those matters set out in the statemenl below. Independent Examlnerfs Statement In connection with my examination, no matter has come lo my allention.. which gives me reasonable Cause lo believe that in. any material respect, the requirements: to keep accounting records in accordance with section 130 of the Charities Act, and to pr8pare accounts which accord the accounting Tecord3 and comply with the accounting ￿qUirementS of the Charities Act have not been met.. or to vlhich, in my opinion. attention should be drawn, to enable a proper understanding of the accounts to be reached. 121 Mr. D Malcolm Coffey 15 Auriol Park Road Worcester Park Surrey i(r4 7DP Siyned: 2*JL