Charity number: 1128476
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF CLAYGATE
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
RPGCC
Chartered A￿OUntantS & Statutory Auditor
40 Gra¢echurch Street
London
EC3V OBT

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
CONTENTS
Page
Reference and administrative detsils of the charity, its Trustees and advisers
Trustees, report
Trustees, responsibilities statement
Independent examlner's rep)rt
statement of financial activities
Balance sheet
10
Statement of cash flows
11
Notes to the financial statements
12-36

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2023
Trustees
Richard Aylmer-Hall
Revd Patrick Bateman
Mark Chapman
Andrew Clifton
Michael Goddard. Stood down AprS12023
Gillian Hall, Stood down April 2023
Carey Jane Hamper
Bob Hewson. Stood down April 2023
Brian Howells
Judy Madavo
Andrew Matthews, Elecled July 2023
Ruth Ray, Stood down April 2023
Frances Reeve. Elected April 2023
Andrew Reid
Jennifer Roome
Revd Richard Rugg
Beth Sadler
Alison Shine
Vicki Schmidt
John Smith
David Steeds, Stood down April 2023
Simon Tanner
Janel Watkins
The lay people are all PCC members, eilher elected direclly to the PCC or ex officio by election onto
the Diocesan or Deanery Synod.
The clergy listed here are the incumbent and associate minister and are ex officio members of the
pcc.
CHARITY
REGISTERED
NUMBER
1128476
PRINCIPAL OFFICE
Holy Trinity Church
Church Road
Surrey
KT10 QJP
SECRETARY
Janet Watkins
Page 1

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
INCUMBENT
The Revd Patrick Bateman
CHURCHWARDENS Andrew Reid
Alison Shine
Accountants
RPG Crouch Chapman LLP
Chartered Accounlanls
40 Gracechurch Street
London
EC3V OBT
BANKERS
National Westminster Bank PIC
10 Victoria Road
Surbiton
KT6 4JY
Barclays Bank PIC
Leicester
LE87 2BB
Charty Bank
Fosse House
Tonbridge
TN91BE
INDEPENDENT
EXAMINER
Jeremy Tyrrell FCA
RPG Crouch Chapman LLP
40 Gracechurch Street
London
EC3V OBT
The Parochial Church Council of the Ecclestiastical Parish of Claygate. known as Holy Trinity
Claygate, is a charity regislered with the Charily Commission
Page 2

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
BACKGROUND AND OBJECTIVES
Holy Trinity Claygate PCC has the responsibility of cooperating wlth the incumbent in promoting in the
ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical.
It also has mainlenance responsibilities for Holy Trinity Church and associated churchyard, the
Church H811, the Minlstry Centre (formerly Church House), Ernmanuel Hall and the house provided for
staff accommodation.
The Parochial Church Council (PCCI is registered with the Charity Commission as Charity No.
1128476 and has prepared accounts in accordance with the Statement of Recommended Practice:
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) issued on 16 July 2014
and Financial Reporting Standard applicable in the Unlted Kingdom and Republic of Ireland IFRS
102) and Charities Act 2011.
In addition to the core activities of the church, Holy Trinity Claygate runs Jigsaw Pre School. This has
its own rnanagement slruclure, which reports to the PCC through the Jigsaw Management Group
which includes a PCC member and the Associate Vicar.
The Operatlon of the PCC
The PCC delegates the management of specific areas of ministry to the Minislry Team. Further areas
of PCC responsibility are delegated to specialist advisory groups as required. The Standing
Committee meets between PCC meetings as business requires.
When planning the activities for the year, the Trustees have considered the Charity Commission's
guidance on public benefit and the specific guidance for the advancement of religion. This report
describes how the Trustees have met their aims and objectives during 2022.
The PCC met 10 limes and there were a further 3 meetings of the Standing Commillee.
Each meeting of the Council includes a period of prayer. It is the aim that all major decisions are
reached by consensus.
Church Attendancè
On 31st December 2023 there were 449 {2022.' 4561 parishioners on the Church Electoral Roll of
whom 14412022-. 1491 were not resident in the parish. The average attendance at Sunday services
during 2023 was 318. An additional 168 people (including children) attended mid-week meetings such
as Connections (Seniors) and Trinity Tots {pre•school infants).
Future Plans
There are no planned divergences from the current activities of Holy TrlnSty Claygale that will have
signrfi¢ant impact on the financial stability of the church.
RESERVES POLICY
Unrestricted
It is the policy of the PCC lo retain, without detriment to the immediate needs of fulfilling the mission
of the Church, sufficient funds for the payment of critical short-term expense. To this end a cash
contingency reserve has been established as a designated fund which has priority over all other
non restricted funds. This is currently set at £50,000 and is reviewed annually as part of the budget
setting process.
Page 3

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
The Building Maintenance fund is an additional designated fund that is set aside for use in unplanned
maintenance or development building work. The value of this fund will fluctuate as funds are added
and spent, with the intention to maintain a level of around £50.000, dependent on available funds.
other designated funds may be set aside for various purposes as agreed by the PCC.
The General Fund represents the balan￿ of the non-designated unrestricted funds and is used for all
regular expense during the year. The adequacy of this fund is reviewed by the PCC on an annual
basis.
Restricted
It is the policy of the PCC to regulady review the purposes for which restricted funds are held and to
ensure that appropriate action is taken to avoid any build-up of reserves for which there is no
requirement in the foreseeable future.
RISK ASSESSMENT
It Is the policy of the PCC to regularly revlew the purposes for which restricted funds are held and to
ensure that appropriate action is taken to avoid any build-up of reserves for which there is no
requiremenl in the foreseeable future.
INVESTMENT POLICY
Short tem) funds are held on bank deposit accounts at the most advantageous interest rate available
consistent with withdrawal terms. Longer term funds are held in the Church of England share account
and deposit account.
DEPRECIATION POLICY
Building purchases are not depreciated, with their asset value remaining at the cost at time of
purchase. Major building work is depreciated on a slraighl-line basis over 25 years. Equipment used
within the church premises is depreciated on a straight-line basis over four years. Individual items
with a purchase price of £10,000 or less are written off when the asset is acquired.
FUNDRAISING ACTIVITIES
We do not employ a professional fundraiser and all fundraising is done through normal activities of
staff and volunteers. Fundraising is predominately from member giving, and this is monitored
regularly. Full details of individual giving is restricted to the Finan￿ team. which does not include
clergy or ministry team. We ask people to pledge regular giving in September and our Gift and
Pledge Secretary will collect the information and forecast the giving for the year. and they will also do
monthly reconciliations of the amounts received. The PCC has quarterly financial reports which
includes monitoring the incomelfundraising.
No complaints were received about the church's fundraising activities. We have fully complied with
GDPR regulalions. and our policy is available on the website for all to see. This will prevent
unreasonable intrusion on a person's privacy. Holy Trinity Claygate has adopted the Church Of
England "Promoting a Safer Church. Policy Statement, national policies and Practice Guidance
approved by the House of Bishops.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
Once a year, in September, we have a Vision Sunday, with follow up letter to all members seeking
financial commitment to the year ahead. If required. in exceptional circumstsnces, we may need to
ask members for more donations to fund a specific project or if the resejwes were low. This would be
done with the PCC'S agreement to ensure there are no unreasonable persistent approaches for the
purposes of obtaining donations from individuals and we are therefore comfortable that HTC does not
place undue pressure on a person to give money or other propety.
During 2023 the church made several grant applications. These were related to the operation of the
youth drop-in centre, known as The Well. These applications resulted in £5,000 being granted to the
church. In addition, there were grants of £1,000 from Elmbridge Council towards churchyard
maintenance and £1,000 from Guitdford Diocese towards eneryy costs. Further grant applications will
be made in 2024.
During 2023, the church received legacies totalling just under £40,400. These funds, together with
residual funds from previou5 years, have enabled the funding of additional seniors ministry staff to
support the expansion of our Connections ministry and enabling a staff member to spend time on a
national seniois initiative.
PCC MEMBERSHIP
The PCC are all registered as truste8s, as listed earlier. They are elected at the Annual Parochial
Church Meeting and normally serve for 3 years, with an option for re-election for a further 3 years.
The PCC is also attended by other clergy and sometimes by ministry leads, but these individuals are
not registered as trustees and. as such, have no voting lights on the PCC.
FINANCIAL REVIEW
During the year. the church had total income of £905.825 (2022.. £967,642), which comprises
unrestricted income of £838.772 (2022.. £794,305} and restricted Incollle of £67,053 (2022..
£173.3371. Total expenditure amounted to £936.651 {2022= £1,004,199). comprising unrestricted
expenditure of £831,02912022.. £855,917) and restricted expenditure of £105,$2212022.. £148,282).
After net gains on investments of £4,422 (2022- net losses of £6.271), which represent unrestrieted
funds, this resulted in net movements of £12.165 on the unrestricted funds 12022: £70,170) and
movements of minus £38.569 on the restricted funds (2022.. plus £27.342).
Total funds carrried forward .are £1,264.305 (2022.- £1,290,709). split into unrestricted funds of
£543,802 (2022= £531.6371 and restricted funds of £720,503 (2022.. £759.072).
Independent Examlner
Mr J Tyrrell was appointed Independenl Examiner.
Approved by order of the members of the board of Trustees and signed on their behaEf by..
Revd Patrick Bateman
Trustee
Date..
Page 5

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENOED 31 DECEMBER 2023
The Trustees are responsible for preparing the Trustees, report and the financial statements in
accordance wrth applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practi¢e}.
The law applicable to charities in England & Wales requires the Trustees to prepare financial
statements for each financial year which give a true and fair view of the slate of affairs of the charity
and of its incoming reSoUr￿S and application of resources. including its income and expenditure, for
that period. In preparing these financial staternent5, the Trustees are required to..
select suitable accounting policies and then apply them consislently;
obseTve the methods and principles of the Charities SORP (FRS 102}'.
make judgments and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards (FRS 102} have been followed. subject to
any material departures disclosed and explained in the financial statements-,
prepare the financial statements on the going con￿rn basis unless it is inappropriate to
presume that the charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufFicient to show
and explain the charity's transactions and disclose with reasonable accuracy al any time the financial
posrtion of the charity and enable them to ensure that the financial statement5 ¢omply with the
Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the
Trust deed. They are also responsible for safeguarding the assets of the charity and he￿￿ for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on its behalf by..
'tc
Revd Patrick Bateman
Trustee
Date.. I I rli>rftrL
Page 6

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
Independent Examinerfs Report to the Trustees of The Parochlal Church Council of the
Ecclesiastical Parish of Claygale I'the charity,)
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31
December 2023.
Responsibilities and Basis of Repori
As the Trustees of the charity you are responsible for the preparation of the accounts in accordance
with the requirements of the Charities Act 2011 ('the 2011 Act,).
I report in respect of my examination of the charily's accounts carried out under section 145 of the
2011 Act and in carrying out my examinalion I hav8 followed the applicable Directions given by the
Charity Commission under section 145(5llb) of the 2011 Act.
Independent Examinerfs Statemenl
Since the charity's gross income exceeded £250,000 your examiner must be a member of a b(Kly
listed in section 145 of the 2011 Act. I confim that l am qualified to undertake the examination
because l am a member of the ICAEW, which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared Ihe accounts in accordance with
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) in preferenc8 to the Accounting and Reporting by Charities..
Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant
regulations but has been withdrawn.
undersland that this has been done in order for the accounts to provide a true and fair view in
accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning
on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my allention in connection
with the examination giving me cause to believe that in any material respect..
accounting record5 were not kept in respect of the charity as required by section 130 of the
2011 Act., or
the accounts do not accord with those records,. or
the accounts do not comply with the applicable requirements conceming the form and content
of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other Ihan any
requirement that the accounts give a 'true and fairf 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 wilh the examination lo
which attention should be drawn in this report in order lo enable a proper understanding of the
accounts to be reached.
Page 7

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
INDEPENDENT EXAMINER'S REPORT (CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
This report is made solely lo the charity's Trustees. as a body, in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might
state to the charity's Trustees those matters l am required to slate to Ihern in an Independent
examinevs ￿port and for no other purpose. To the fullest extent permitted by law, I do not accept or
assume responsibility lo anyone other than the charity and Èhe charity'5 Trustees as a body. for my
work or for this report.
Signed-
Jeremy Tyrrell FCA
RPGCC
Chartered Accolsntants
40 Gracechurch Street
London
EC3V OBT
Page 8

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestricted
funds
2023
Restricted
funds
2023
Total
funds
2023
Total
funds
2022
Note
Income from:
Donations and legacies
Charitable activities
Investments
640,105
153,996
44,671
67.053
707,158
153,996
44,671
789,535
157,018
21,089
Total income
838,772
67,053
905,825
967,642
Expondlture on:
Charitable activities
831,029
105,622
936,651
1,004,199
Total expenditure
831,029
105,622
936,651
1,004,199
Net incomellexpenditurel before net
gainslllosses) on investments
Net gainsl(lossesl on investments
7.743
4,422
(38,5691
{30.826)
4.422
{36.557}
(6,2711
Net movement in funds
12,165
(38,5691
126,4041
(42,828}
Re¢on¢lllatlon of funds:
Total funds brought fonmard
Net movement in funds
531,637
12,165
759.072
{38.569}
1,290,709
{26,4041
1,333,537
(42,8281
Total fund$ carried forward
543,802
720.503
1,264,305
1,290,709
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 12 to 36 form part of these financial statements.
Page 9

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2022
Note
Fixgd a$$ets
Tangible assets
Investments
10
1.077.905
51,427
1,108.271
47,005
1,129,332
1,15S,276
Current assets
sto¢ks
Debtors
Short term deposits
Cash at bank and in hand
12
1,045
15,054
92,672
63,961
1,232
13,799
39,004
130,673
13
14
172,732
184.708
Creditors-. amounts falling due within
one year
15
{37,759)
{49,275)
Nat eurrgnt assgts
134,973
135,433
Total assèt#1è$8 ¢urr•nt Ilabllities
1.264.305
1.290,709
Total net assets
1,264.305
1,290,709
harity fund5
Restricted funds
Unre5triGted fvnds
17
720.503
543.802
759,072
531,637
17
Total funds
1,264,305
1,290.709
The financial ststements were approved and authorised for issue by the Trustees and signed on their
behalf by..
Vieki
chmÈdt
Treasurer
Date..
Mark Chay".
Trustee
The notes on pages 12 to 36 form part of these ffinancial statements.
Page 10

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Cash flows from operating activities
Net cash used in operating activities
{17.439}
25,270
Cash flows from Inv¢$ting activities
Dividends. interests and rents from investments
Purchase of tangible fixed assets
4.395
2,699
{84,198)
Net ¢a$h provlded byl{used inl investing activities
4,395
{81.4991
Cash flows from financing a¢tivitles
Net ¢ash provided by finan¢lng a¢tlvltle$
Change In cash and cash equivalents in the year
Cash and cash equivalents al the beginning of the year
(13,(1441 156.229}
169,677
225,906
Cash and cash equivalent$ at the end of thè year
156,633
169,677
The notes on pages 12 to 36 form part of Ihese financial statements
Page 11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
General information
The entity is an unincorporated charity, charity number 1128476, registered with the Charity
Commission in England & Wales. The contact address is Holy Trinily Church, Church Road,
Claygate, Surrey. KT10 OJP. which is also ils principal pla￿ of operation.
The principal activity of the charity remains the promotion of the Christian fatth.
The financial statements have been prepared in GBP and all amounts are rounded to the
nearest £.
Accounting policies
L1 Basis of
re
aration of 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 IFRS 1021 {effective 1 January
20151, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
102) and the Charities Act 2011.
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 the Charilies
SORP IFRS 102) published 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 Parochial Church Council of the Ecclesiastical Parish of Claygate meets the definition
of a public benefit enlily under FRS 102. Assets and liabilities are initially recognised al
historical cosl or transaction value unless otherwise stated in the relevant accounting
policy.
2.2 Goin
concern
The Charlty reported net outgoing resources for the year of £26,404 (2022.. £42,828).
Having sufficient reserves, the Truslees are of the opinion that the church has sufficient
retained fijnds, both restricted and unrestricted, lo ensure the going concern status cif the
church for the foreseeable future, this being at least the 12 months following the approval
of the balance sheet.
2.3 Income
All income is recognised once the charity has entitlement to the income, it is probable that
the income will be received and the amounl of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement. the
probability of receipt and the ability to estimate with sufficient accuracy the amount
receivable. Evidence of entitlement to a legacy exists when the charity has sufficient
evidence that a gift has been left to them Ilhrough knowledge of the existence of a valid will
and the death of the benefactor) and the executor is satisfied that the propety in question
Page 12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies Iconlinuedl
2.3 Income
continued
will nol be required to satisfy claims in the estate. Receipt of a legacy must be recognised
when it is probable that it will be received and the fair value of the amount receivable, which
will generally be the expected cash amount to be distribuled to the charity. can be reliably
measured.
Grants are included in the Statement of financial activities on a receivable basis. The
balance of income received for specific purposes but not expended during the period is
shown in the relevant funds on the Balance sheet. Where income is received in advance of
entitlement of receipt, its recognition is deferred and included in creditors as deferred
income. Where entitlement occurs before income is received. the income is accrued.
Income tax recoverable in relation to donations received under Gift Aid or deeds of
covenant is recognised at the time of the donation.
Income tax recoverable In relation to investment income is recognised at the lime the
investment income is recelvable.
2.4 Ex
enditure
Expenditure is recognlsed once there is a legal or constructive obligation to Iransfer
economic benefit tr) a third party, it is probable that a transfer of economic benefits will be
required in settlement and the amount of the obligation can be measured reliably.
Expenditure is classified by aclivily. The costs of each activity are made up of the total of
direct costs and shared costs, including support costs involved in undertaking each activity.
Direct costs attributable to a single activity are allocated direclly to that activity- Shared
costs which contribute to more than one activity and support costs which are not
attributable to a single activity are apportioned between those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time
spent, and depreciation charges allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the activities which
further the charity's objectives, as well as any associated support costs.
All expenditure Is Inclusive of irrecoverable VAT.
2.5 Interest recelvable
Interest on funds held on deposit is included when receivable and the amount can be
meaSu￿d reliably by the charity.. this is normally upon notification of the Inte￿$t paid or
payable by Ihe institution with whom the funds are deposited.
2.6 Taxation
The charity is considered to pass the tests sel out in Paragraph 1 Schedule 6 of the
Finance Act 2010 and therefore it meets the definition of a charitsble company for UK
corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in
respect of income or capital gains received within categories covered by Chapter 3 Part 11
of the Corporation Tax Acl 2010 or Section 256 of the Taxation of Chargeable Gains Act
1992, to the exient that such income or gains are applied exclusively to charitable
purposes.
Page 13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies (continued)
2.7 Tan
ible fixed assets and de
reciation
Tangible fixed assets are initially recognised at cost. After recognition, under the cost
mod81, tangible fixed assets are measured al cost less accumulated depreciation and any
accumulated impairment losses. All costs incurred lo bring a tangible fixed asset into its
intended working condition should be included in the measurement of Cost.
Consecrated land and buildings and movable church fumishings-
Consecrated and beneficial property is excluded from the accounts by S.10121(a} of the
Charities Act 2011. No value is placed on movable church furnishings held by the
churchwardens on special trust for the PCC and which require a faculty for disposal since
the PCC considers this to be inalienable propety-
All expenditure incurred during the year on consecrated or benefice buildings and movable
church furnishings, whelher maintenance or improvement, is written off as expenditure in
the SOFA and separately disclosed.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual
value over their estimated useful lives.
Depreciation is provided on the following bases-.
Freehold propety
improvements
Fixiures and fittings
Straight Line over 25 years
Straight Line over 4 years
2.8 Investments
Fixed asset investments are a form of financial instrument and are initially recognised al
their transaction cost and subsequently measured at fair value at the Balance sheet date,
unless the value cannot be measured reliably in which case it is measured at cost less
impairment. Investment gains and losses, whether realised or unrealised. are combined
and presented as 'Gainsl(Losses} on investments, in the Statement of financial activities.
2.9 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance
for obsolete and slow-moving stocks. Cost include5 all direct costs and an appropriate
proportion of fixed and variable overheads.
2.10Debtors
Trade and other debtors are recognised al the settlement amount after any trade discount
offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.11Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a
short maturity of Ihree months or less from the date of acquisition or opening of the deposit
or similar account.
Page 14

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies Icontinuedl
2.12Liabilities and
rovisions
Liabilities are recognised when there is an obligation at Ihe Balance sheet date as a result
of a past event, il is probable that a transfer of economic benefit will be required in
seltlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the
debt or the amount it has received as advanced payments for the goods or services it must
provide.
Provisions are measured at the best estimate of the amounts required to settle the
obligation. Where the effect of the lime value of money is material, the provision is based
on the present value of those amounts, discounted at the pre-tax discount rate that reflects
the risks specific to the liability. The unwinding of the discount is recognised in the
Statement of financial activities as a finance cost.
2.13Financial instruments
The charity only has financial assets and financial liabilities of a klnd that qualify as basic
financial instruments. Basic financial instruments are initially recognised at transaction
value and subsequenlly measured al their settlement value with the exception of bank
loans which are subsequently rneasured at amortised cost using the effective interest
method.
2.14Fund accountin
General funds are unrestricted funds which are available for use at the discretion of the
Trustees in furtherance of the general objectives of the charity and which have not been
designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for
particular purposes. The aim and use of each designated fvnd is set out in the notes to the
financial slatements.
Restricted funds are funds which are to be used in accordance with specific restrictions
imposed by donors or which have been raised by the charity for particular purposes. The
costs of raising and administering such funds are charged against the specific fund. The
aim and use of each restricted fund is set out in the notes to the financial slatemenls.
Investment income, gains and losses are allocated to the appropriale fund.
Page 15

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies (continued)
Critical accounting estimates and areas of judgment
Estimates and judgments are continually evaluated and are based on historical experience and
other factors, including expectations of future events that are believed to be reasonable under
the circumstances.
The charity makes estimales and assumptions concerning the fulure. The resulting accounting
estimates and assumptions will. by definition, seldom equal the related actual results. The
trustees are of the opir)ion that there are no estimates and assumptions that have a significant
risk of Causing a material adjustment to the carrying amounts of assets and liabilities within the
next financial year.
Income from donations and legacies
restricted Restricted
funds
funds
2023
2023
Total
funds
2023
Donations
Legacies and Special Gifts
Grants
other income
554,545
82.885
1.000
1,675
60,240
614,785
82,885
7,049
2,439
6.049
764
640,105
67,053
707.158
restricted Restricted
funds
funds
2022
2022
Total
funds
2022
Donations
Legacies and Special Gifts
Grants
Other income
578,354
36,000
1,844
107,530
30,000
35,807
685.884
66.000
37,651
616.198
173,337
789,535
Page 16

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARSSH OF CLAYGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Income from charitable activities
restricted
funds
2023
Total
funds
2023
Church Activities
Jigsaw Pre-school
21,594
132,402
21,594
132,402
Total 2023
153,996
153,996
restricted
funds
2022
Total
funds
2022
Church Activities
Jigsaw Pr&School
29,724
127.294
29,724
127,294
Total 2022
157,018
157,018
Page 17

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Investment income
Un-
restricted
funds
2023
Total
funds
2023
Letting of Church Propety
Dlvidends & Interest
40.276
4,395
40.276
4,395
44,671
44.671
Un-
restricted
funds
2022
Total
funds
2022
Letting of Church Property
Dividends & Interest
18.390
2,699
18.390
2,699
21,089
21,089
Page 18

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysis of expenditure on charitable activities
Summa b fund
restricted Restrlcled
funds
funds
2023
2023
Total
2023
Church Activities
Jigsaw Pre-school
719.757
111,272
105.622
825,379
111,272
831,029
105,622
936,651
Un-
restricted Restricted
fLJnds
funds
2022
2022
Total
2022
Church Activities
Jigsaw Pre-school
753,743
102,174
148,282
902,025
102.174
855,917
148,282 1.004,199
Page 19

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysis of expenditure by activities
Activities
undertaken
directly
2023
Total
funds
2023
Church Activities
Jigsaw Pre-school
825,379
111,272
825,379
111,272
936,651
936,651
Activities
undertaken
directly
2022
Total
funds
2022
Church Aclivities
Jigsaw Pre-school
902.025
102,174
902,025
102,174
1,004,199 1,004,199
Page 20

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysis of expenditure by activities (continued)
Analysis of direct costs
Church Jigsaw Pre-
activities
School
2023
2023
Tot81
funds
2023
Staff costs
Depreciation
Missionary & Charitable Giving
Diocesan Parish Share
Slaff (other)
Staff Accommodation
Clergy & Leaders, Expenses
Ministry, Worship and Evangelism
Pastoral & Seniors
Children. Youth and Families
Church Complex - Utilities
Repairs, Maintenance & Upkeep of Church & PCC
Property
Major Building Expenditure
Stationery & Photocopying
Coffee & Other Activities
Equipment
Telephone
IT including Website
Olher
Independent Examination
Bookstall Purchases
296,426
30,366
82,043
167,191
13,119
1,532
4,755
23,124
43,020
19.727
41,393
104,720
401,146
30,366
82,043
167,191
15,727
1,532
4,755
23,124
43,020
19,727
41.393
2,608
38,866
15,114
19,804
10,188
1,258
3,792
3,779
3,544
5,836
502
38,866
15,114
19,804
10,188
1,812
3.792
3.779
6,934
5.836
502
554
3,390
825,379
111,272
936,651
Page 21

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysis of expenditu￿ by activities (continued)
Analysis of direct costs {conlinuedl
Church Jigsaw Pre-
activities
School
2022
Total
funds
2022
2022
staff costs
Depreciab'on
Missionary & Charitsble Giving
Diocesan Parish Share
Staff (other}
staff Accommodation
Clergy & Leaders, Expenses
inisty, Worship and Evangelism
Pastoral & Seniors
Children. Youth and Families
Church Complex - Utilities
Repairs, Maintenance & Upkeep of Church & PCC
Property
Major Building Expenditure
Stationery & Photocopying
Coffee & Other Activities
Equipment
Telephone
IT including Webslte
Olher
Independent Examination
Bookstall Purchases
272,442
30,366
123,164
173,064
30,539
20,099
4,900
37,373
49,664
22,905
29,549
94,733
367,175
30,366
123,164
173,064
30,539
20,099
4,900
37,373
49,664
22,905
29,549
33,566
23,608
17,856
15,888
1,411
2,839
3.729
4,119
3,620
1,324
33,566
23,608
17,856
15,888
3,695
2,839
3.729
9,276
3,620
1,324
2.284
5.157
902,025
102,174 1,004,199
Page 22

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Staff costs
2023
2022
Wages and salarie5
Social security costs
Contribution to defined contribution pension schem8S
365.153
22.413
13.580
335.496
17,812
13,867
401.146
367,175
The average number of persons employed by the charity during the year was as follows..
2023
2022
Church
Jigsaw
14
13
22
22
No employee received remuneration amounting to more than £60,000 in either year.
There are no significant disclosure Iransations in respect of PCC members, persons dos81y
connecled with them or any other related parties other than those disclosed in note 19.
Key managemenl comprises the Vicar and the Associate Vicar. Cummulative remuneration for
key management during the year amouled to £13.11912022'. £34,534).
Trustees, remuneration and expenses
During the year, no Trustees received any direct remuneration or other benefits {2022 - £NILI.
Additional disclosure is provided in Note 21.
During the year ended 31 December 2023, no Trustee expenses have been incurred (2022 - £
NIL).
Page 23

c o)

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
11. Fixed asset inveslments
Listed
investments
Cost or valuation
At 1 January 2023
Revaluations
47,005
4,422
At 31 December 2023
51,427
Net book value
At 31 December 2023
51,427
At 31 Decernber 2022
47.005
General Funds
2.275 shares in the Investment Fund of the Central Board of Finance of the Church of England
historical cost at 31 December 2023.. £2.500 (2022.. £2.500}
12. stocks
2023
2022
Books on bookstsll
1,045
1,232
13. Debtors
2023
2022
Due within one
Trade debtors
Tax recoverable
ear
5,255
9,799
5,295
8,504
15,054
13,799
Page 25

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
14. Current asset investments
2023
2022
Short terrn deposits
92,672
39,004
15. Creditors.. Amounts falling due within one year
2023
2022
Trade creditors
Other creditors
Accruals and deferred income
7,787
13,736
16,236
7,339
11,817
30.119
37,759
49.275
16. Financial instruments
2023
2022
Financial assets
Financial assets measured at fair value through income and
expenditure
51,427
47,005
Financial assets measured at fair value through income and expenditure comprise fixed asset
investments.
Page 26

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
17. Statement of funds
statement of funds - Current year
Balance al
31
Gainsl December
{Losses}
2023
Balance at 1
January
2023
Transfers
inlout
Income Expenditure
Unrestricted
funds
Desi
funds
nated
Cash
Contingency
Fund
Denman Drive
Slaff
Accommodati
on Fund
50,000
50.000
357,640
357,640
Equipment
Fund
Building
Maintenance
Fund
Legacies Fund
Budget Deficit
Fund
Ministry
Initiatives
Fund
31.996
(10.665)
21,331
27.353
21,878
16.4731
121,8781
20.880
40,385
40,385
15,000
{15,000)
503,867
40,385
139,0161 115,0001
490,236
General funds
Jigsaw
Unreslricled
Funds
5,000
5,000
22.770
798,387
(792,013)
15,000
4,422
48,566
27,770
798,387
1792,013}
15,000
4.422
53,566
Total
Unreslricled
funds
531,637
838,772
(831,029)
4,422
543,802
Page 27

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
17. Slatemenl of funds (conlinued}
Restricted
funds
Church House
408.849
225,621
1,977
408,849
209,507
Ministry Centre
The Well
Ministry
Training
Grant
Discipleship
Year
Students
Agency
appeals
Seniors
Children and
families
Youth (Not The
Well)
Churchyard
National
Seniors
Ministry
Emmanuel Hall
Creation Care
Way Maker
116,114)
16,977)
5,000
197
{197)
20,000
{5,471)
14,529
22,849
300
{22,849)
1300)
50
1,049
{50)
11,049)
8,266
84,162
10.000
34,873
{43,1391
13,587}
15.889)
80,575
4,111
2,932
2,932
759,072
67,053
1105,622)
720,503
Total of funds
1,290,709
905,825
{936,651)
4,422 1,264.305
Page 28

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
17. Statement of funds (continued}
The unrestricted funds comprise the following funds:
Genoral Fund
This fund is the primary unrestricted fund and is used to cover all operational costs apart from
those specifically assigned to one of the designated or restricted funds.
Cash Contingency Reserve
This fund is designated for use only in the event of a sudden and serious shortfall in income,
that cannot be met in any other way. The value of this fund is currently set at £50,000.
Denman Drive - Staff Accommodation
This fund represents the money used to purchase a freehold property in Denman Drive,
Claygate for use by one of the staff team. The fund has not been revalued lo reflect current
market value of the propety as it is not intended to be sold in the foreseeable future.
Equipment Fund
This fund represents the balance and depreciation on various items of capitalised equipment
on the fixed asset register. There were no new items in 2023. Two items from previous years -
Chairs for the main church and a projection system. This fund Ss belng deprecSated over 4
years.
Legacies Fund
This fund represents any legacies and significant Special Gifts that the church has received.
The intention is to use these ftAnds for projecls or special activities or for staffing requirements.
In 2023, Iwo legacies were received {lotalling £40,385) and the fund was used lo cover partial
funding for staff in the Seniors ministry team, to enable the expansion of our Connections
Ministry and to free some time for our Seniors Minister to work on national initialives. Some of
this fund has yet to be allocated.
Jlgsaw
This fund is like the maln cash contlrngency fvnd but is designated for Jigsaw, the church's pre-
school setting. The value of this fund is currently set at £5.000.
Budget Deficit Fund
The fund was designated to cover the planned budget deficit in 2022. The balance in this fund
was fully transferred to the General Fund at the end of 2022, in order to replenish that fund.
Building Maintenance Fund
This fund has been designated lo cover any unplanned but essential building maintenance
expense. Use of this fund requires approval by the Standing Committee and review by the
PCC. In 2023. Ihis fund was used to cover some refurbishment work at the slaff
accommodatlon property at Denman Drive on the departure of the occupant.
Ministry Initlativgs Fund
This fund is designated for use in paying for new initiatives or opportunities that requi
additional funding. This fund has not been used since it was created and there are no plans for
the foreseeable future, so the PCC agreed lo transfer the money back into the General Fund.
Page 29

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
17. Statement of funds Icontinu8d)
The restricted funds comprise the following funds:
Church House
Thi5 fund represents the money used to purchase the old Vicarage in 1999, when the Diocese
built a new vicarage in the grounds of the old one. The fund has not been revalued to reflect
current market value of the property as it is nol intended lo be sold in the foreseeable future.
Ministry Centre
This fund represents the cost of converting Church House for use as staff offices {upstairsl
and meeting rooms (downstairs), with a foyer, kitchenette, and toilet facilities. Previously the
upstairs area was used for staff accommodation. This fund is being depreciated over 25 years.
Emmanuel Hall
The fund represents the cost of a project to refurbish Emmanuel Hall. This property was a
former Free Evangelical Church which was closed a few years ago. Initially the FIEC, who
owned the property allowed the church to use it for a peppercorn rent. In 2018, they handed
the propety over lo the church at no cost, apart from the legal fees. The h811 is used primarily
for youth activities, but also for other church groups. This fund wll be depreciated over 25
years.
Agency Appeals
This fund represents the money raised by the church for third party charitable organisations.
primarily at the festival services at Easter. Ha￿est and Christmas. All money received is
passed on. so the b81ance will always revert lo zero.
Ministry Training Grant
This fund represents the residue of funds from the Claygate Christian Ministry Trust, which was
set up to administer a large legacy left by a former church member. The trust agreed to close
in 2019 and Iransferred the remaining funds to the church bul restricted for use in supporting
ministry trainlng wlthSn the church. The fund is now fully depleted.
Discipleship Year Students
This fund is used to provide opportunities for young adults to gain experien￿ In serving within
the local church. It can also include attendance of extern81 training courses where appropriale.
In 2023, this fund was used lo cover an individual working as an assistant in the worship group
and children's ministry.
Creation Care and Way Maker
These funds are designated for use in a new initiative aiming lo make greater use of our
churchyard by opening it up to the local community. The Creation Care fund is linked to a
specific restricted donation by a church member of £10k and the Way Maker fund contains
money received as part of a wider appeal. The money spent in 2023 has covered the initial
design work for this project.
National Seniors Ministry
The fund was established to cover the development of a national seniors ministry and the
launch of the Hymns We Love initialive. During 2023 a separate charity was eslablished, the
Silver Hope Trust, as the ongoing funding entity for this work. All the residual money in the
HTC fvnd was transferred across lo the trust towards the end of 2023.
Page 30

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
17. Statement of funds {continued}
Restricted Funds for Ministry Areas
There are several individual funds to hold income that is restricted for use in a specific area of
church ministry or operation. This income may be the result of grants from third party funding
organisalions or restricted donations from individual church members. Funds have been
established for the following areas:
Churchyard
Children & Families
Seniors (Primarily in support of the Connections mid-week group)
Youth - The Well {A community drop-in activity run by the church)
Youth - Other (Not The Well)
These funds all have a zero balance at the end of 2023.
Page 31

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
17. Statement of funds Iconlinuedl
Statement of funds - prior year
Balance at
31
Gainsl December
{Lossesl
2022
Balance at
1 January
2022
Transfers
inloul
Income Expenditure
Unrestricted
funds
Desi
funds
nated
Cash
Contingency
Fund
Denman Drive
- Staff
Accommodati
on Fund
Equipment
Fund
Building
Mainlenance
Fund
Legacies Fund
Budget Deficit
Fund
Ministry
Initiatives
Fund
50.000
50,000
357,640
357,640
110.665)
42,661
31,996
49,460
41,247
14,538) (17,5691
130,2771 125,0921
27,353
21,878
36,000
50,000
150,000}
15,000
15,000
563.347
36,000
145,480) (50,000)
503,867
General funds
General Funds
Jigsaw
33,460
5,000
758.305
1810,437)
47,713
(6,271)
22,770
5,000
38,460
758,305
(810,437}
47,713
{6,2711
27,770
Total
Unreslricled
funds
601,807
794,305
{855,917)
{2.287)
16,271)
531,637
Page 32

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
17. Statement of funds (continued)
Restrict8d
funds
Church House
Ministry Centre
The Well
Ministry
Training
Grant
Discipleship
Year
Students
Agency
appeals
Seniors
Children and
families
Youth (Not The
Vvelll
Churchyard
National
Seniors
Ministry
Emmanuel Hall
Creation Care
Way Maker
408,849
241,735
11,001
408,849
225,621
1,977
{16,114}
18,541) (11,0001
10,517
8,022
17,825)
197
20,000
20,000
62,620
1,762
162,620)
(2,503)
741
675
{6751
250
1,299
1250>
{1,299)
15.170
46.212
37,964
28,250
10.000
{44,868)
13,587)
8,266
84.162
10,000
13,287
731,730
173.337
1148,282)
2,287
759.072
Total of funds
1,333,537
967,642 (1,004,199)
16.271) 1,290,709
Page 33

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
18. Analysis of net assets between funds
Analysis of nel assets be￿een funds - current year
Un-
restricted Restricted
funds
funds
2023
2023
Tolal
funds
2023
Tangible fixed assets
Fixed asset investments
Current assets
Credltors due within one year
378.972
51.427
144,627
{31.224}
698,933 1,077,905
51,427
28.105
172.732
{6,535} (37,7591
Total
543.802
720.503 1,264,305
Analysis of net assets bebNeen funds - prior year
Un-
restricted Restricted
funds
funds
2022
2022
Tolal
funds
2022
Tangible fixed assels
Fixed asset Snvestments
Current assets
Creditors due within one year
389.637
47,005
137,106
{42,111)
718,634 1,108,271
47,005
47.602
184.708
(7,164) (49.2751
Total
531,637
759,072 1,290,709
Page 34

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
19. Reconciliation of net movement in funds to net cash flow from operating aclivities
2023
2022
Net expendllure for the year las per Statement of Financial
Activities)
126,4041 142,828)
Ad'ustments for.
Depreciation charges
Gains on investm8nts
Dividends. interests and rents from investments
Decrease in stocks
Decreasellincreasel in debtors
Increasel(decreasel in creditors
30,366
{4,422)
(4,395)
187
11,255)
111,516)
30,366
6,271
(2,6991
447
2,417
31,296
Net cash
rovided b I
used in
ratin
activities
117,4391
25,270
20. Analysi5 of cash and cash equivalents
2023
2022
Cash in hand
Notice deposits (less Ihan 3 months}
63,961
92.672
130,673
39,004
Total cash and cash e
uivalents
156.633
169.677
At1
January
2023 Cash flows
At31
December
2023
Cash at bank and in hand
Liquid investments
130,673
39,004
166.7121
53,668
63,961
92,672
Page 35

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYGATE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
21. Related paty transactions
During the year, the total donations made by Iruslees amounted to £64,894 {2022: £109.325}.
During the year, the charity employed the following indlviduals who are related to trustees..
A Rugg (wrfe of R Rugg), Children and Families Minister.. salary of£32.583 (2022.. £30,843)
J Howells Idauther in law of B Howellsl, Pastoral Care and Senior Administrator: salary of
£3,63912022: £3,745)
M Aylmer-Hall (daugher of R Aylmer-Halll. Ministry Assistant= salary of £5,372 (2022.. £1,794)
Page 36