## **ANNUAL REPORT AND UNAUDITED ACCOUNTS of the** ## **PAROCHIAL CHURCH COUNCIL** ## **for the year ending 31 December 2024** ## **Rector:** The Reverend Nicholas Hutchinson The Rectory Aviary Road Pyrford Woking GU22 8TH **Wisley Church** Wisley Lane Wisley Surrey GU23 6QL ## **Parish Office:** The Church of the Good Shepherd Coldharbour Road Pyrford Woking GU22 8SP ## **Bankers:** **The Church of the Good Shepherd** Coldharbour Road Pyrford Woking Surrey GU22 8SP HSBC 6 Commercial Way Woking GU21 6EZ ## **Independent Examiner:** Graham Norton 2 Patterdale Coldharbour Road West Byfleet KT14 6JN ## **St. Nicholas’ Church** Church Hill Pyrford Woking Surrey GU22 8XH Registered charity number: 1128605 Reports and Accounts 2024 ## **CONTENTS** **----- Start of picture text -----**
||| |---|---| |STATUTORY DISCLOSURES.............................................................................3| |CHAIRMAN’S REPORT|FOR 2024.....................................................................5| |FINANCE|REVIEW.........................................................................................7| |TRUSTEES RESPONSIBILITIES STATEMENT.........................................................10| |STATEMENT OF FINANCIAL ACTIVITIES...................................................11| |BALANCE SHEET....................................................................................12| |NOTES TO THE FINANCIAL STATEMENTS.................................................13| |INDEPENDENT EXAMINER’S REPORT................................................................23| **----- End of picture text -----**
## **STATUTORY DISCLOSURES** ## MEMBERSHIP OF THE PCC: Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting in accordance with the Church Representation Rules. 2 ||Wisleywith Pyrford PCC|Wisleywith Pyrford PCC| |---|---|---| |~~i~~|**Clergy**|| |#*
~~i~~|Reverend Canon Nicholas Aiken
(Chair to 30 April 2024)|Rector to 30 April 2024| ||Reverend Nicholas Hutchinson
(Chair from 28 November 2024)|Rector from 28 November 2024| |~~a~~|Reverend Diane Davidson|OLM| |~~a~~||| |~~a~~
~~a~~|**Churchwardens**|| |#
~~a~~|Matthew Ryan|Church of the Good Shepherd| |#
~~i~~|Sarah Daly
|Church of the Good Shepherd| |#
~~i~~|Andy Pearce (Lay Chair 30 April
2024 to 28 November 2024)
~~a~~|St Nicholas’ Church| |#
~~i~~
~~a~~|Pauline Langfield
~~a~~|WisleyChurch| |~~a~~||| |~~a~~|**Deanery Synod Members - Elected To:**|| |~~a~~
~~a~~|Camilla Nicholls-Wilson|2026| |~~a~~|Suzanne Lees-Smith|2028| ||Joanne Clayton|2027(appointed 22 April 2024)| |~~a~~|AnthonyBligh|2028| |~~a~~||| |~~a~~
~~a~~|**Lay Members - Elected To:**|| |~~a~~|PennyHoskyn|2025| |#
~~a~~|JeremyGidman|2026| |~~a~~|Les Smith|2026| |#
~~a~~|Claire Williams|2026| ||Caroline Oldroyd|2027(appointed 22 April 2024)| |~~a~~|Roger Holt|2027(appointed 22 April 2024)| |~~a~~|Alison Ingram|2027(appointed 22 April 2024)| |~~a~~|James Biggs|2027(appointed 22 April 2024)| |~~a~~|Julia Lamaison|2027(appointed 22 April 2024)| |~~a~~|Linda Knowles|2027(appointed 22 April 2024)| |~~a~~||| |~~a~~|**Ex – Offico Member**|| |~~a~~|Charles Gibson|Appointed 1 May2024| |#
~~a~~|Claire Clough|Treasurer| |#
~~a~~|Edward Brockman|Secretary (appointed 1 January2024)| 3 ## **STANDING & FINANCE COMMITTEE** This is the only committee required by law, which meets bi-monthly to transact the business of the PCC, subject to any delegated responsibilities made by the PCC. ## **BUILDING COMMITTEE** This committee attends to matters relating to the stewardship of church buildings, contents, churchyards, The Old School Room and Church House. T ## **CHARITIES REVIEW COMMITTEE** The committee meets regularlyto monitor and review the charities we support. ## **CHURCH ATTENDANCE** There were 376 names on our Electoral Roll at the last Annual Meeting in April 2024 of whom 150 lived outside the parish. We are up to an average of 204 people attending our three churches every week, and an additional average of 100 people watch our online Good Shepherd Sunday service. During the year there were 7 weddings, 18 funerals (of which 16 had formal services in the parish) plus 13 interment of ashes and 7 baptisms. ## **SAFEGUARDING** We were set up with the Diocesan Parish Dashboard scheme to aid recording our activities and fulfilling our responsibilities as laid out in the Church of England National safeguarding policies and practices approved by the House of Bishops. This year many church members undertook online and in person safeguarding training: basic; foundation; raising awareness of domestic abuse. The PCC have received regular updates from the safeguarding officers and the team have been working away doing DBS checks. We put a link to our team and statement onto our Parish Website and Church noticeboards. We are aware that the importance of being open and active in this area is vital for us as a church community often working with those who are vulnerable in many ways. 4 ## **CHAIRMAN’S REPORT FOR 2024** ## **BY THE RECTOR, THE REVEREND NICHOLAS HUTCHINSON, B.A., M.A.** It is a privilege to be writing my first APCM Chairman’s report in my time here at Wisley and Pyrford. 2024 was an unique year for the Parish, focused on change, which could best be categorised by three distinct periods; the first covering the culmination of my predecessor’s three decades as Rector, the ensuing period of Vacancy and finally the end of the year when I became the new incumbent. The end of April saw the conclusion of Nick Aiken’s service as the Rector of Wisley with Pyrford; he and Hilary made a significant contribution to the life and witness of the Parish over the past thirty years – in saying farewell, there was much for us to celebrate and be thankful for. Due to Nick’s long service in the Parish, entering into “sequestration”, or more commonly called a period of vacancy (the process of searching for and appointing a new incumbent), was unchartered territory for pretty much everyone I suspect, and the months from May to November had to be navigated without a Rector. It can be difficult without a leader, but a huge debt of thanks should go to the four Churchwardens (under the stewardship of Andy Pearce) who took on legal responsibility for the Parish and ensuring that matters such as pastoral care and worship was maintained, the PCC continued to meet etc, as well as heading up the search for a new incumbent. This Annual Report is testament to the effectiveness of the seven months that the Parish was in vacancy – it is clear that activity levels across the board continued to be delivered, ensuring that the complete spectrum of Parish life continued. I do encourage you to review the numerous reports on what took place during the year. Recognition and great thanks must be given to Diane Davidson and the rest of the Ministry Team who shouldered the large burden of coping without a Rector – with three churches and the enduring requirement for the multitude of services and worship events each week across the Parish, they stood firm and worked tirelessly to deliver prayer and worship during this time. Having been appointed as the Rector, I was collated by the Bishop of Guildford and installed by the Archdeacon of Dorking at the Church of the Good Shepherd on 28[th] November 2024; this was a wonderful service of celebration and thankfulness to God for his leading and direction. Since arriving, I have been forming relationships with the team and visiting a lot of the ministries that take place in the Parish. I am extremely grateful to all those who work so hard to make us as a family welcome and who give of their energy and expertise. Christmas is such a high feast for us as a Christian community and it was really wonderful for me to have a chance to minister in different contexts, enjoying the opportunity afforded by the ancient liturgy at St Nicholas’ and Wisley, as well as the wonderful more contemporary nature of the Church of the Good Shepherd. 5 Whilst this report technically covers 2024, I would like to look ahead to 2025. In January, I gifted a cherry tree sapling to the church as a prophetic sign. It is now planted in the rectory garden, slowly rooting itself in the ground and it will in time grow and flourish. This sign is for us to see that it is good to plant things in the life of a parish which we may not see the fruit of ourselves but will be a blessing to others. It is also a sign for how God calls us to be as his planting; compare to Isaiah 61: 1-6; and especially v3: _“…… and provide for those who grieve in Zion - to bestow on them a crown of beauty instead of ashes,_ _the oil of joy instead of mourning, and a garment of praise instead of a spirit of despair. They will be_ _called oaks of righteousness, a planting of the Lord for the display of his splendour.”_ I believe that the Holy Spirit is calling us to new growth inward as disciples, outwards in mission and upwards into God. In the coming months I will be forming a vision team to spend time in prayer and listening to what God is saying. This will then be brought to the PCC and then the whole parish so that we can take hold of God’s new vision and direction for us together. Everything we do must be informed by this. It will be both a joy and a struggle because it will mean some change and some pruning. The Lord Reigns! The Rev Nick Hutchinson 4 April 2025 6 ## **FINANCE REVIEW** ## **BY CLAIRE CLOUGH, HON. TREASURER** The Parochial Church Council of Wisley with Pyrford (the “PCC”) presents its reports and accounts for the year ended 31 December 2024. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The PCC, which is in the Diocese of Guildford, is part of the Church of England and was established by the Parochial Church Council’s (Powers) Measure 1956, as amended and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969, as amended). It is a charity registered with the Charity Commission, regulated by the Charities Act 2011 which requires the PCC to report to its congregation and the public at large. PCC members are Trustees of the Charity. ## **2024 SUMMARY** The Accounts show that the parish had an overall surplus of £15,454 (2023: surplus of £78,233). Excluding the impact of the revaluation of investments the surplus was £5,948 (2023: surplus of £43,230). The results for the year can be summarised as follows: ||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---| ||Funds|Funds|2024|Funds|Funds|2023| ||£|£|£|£|£|£| |Incoming|430,676|31,565|462,241|508,488|10,236|518,724| |resources||||||| |Resources|(437,135)|(19,158)|(456,293)|(457,509)|(17,985)|(475,494)| |expended||||||| |Operatng|(6,459)|12,407|5,948|50,979|(7,749)|43,230| |surplus/(defcit)||||||| |Surplus/(defcit)|(2,783)|18,237|15,454|63,247|14,986|78,233| ## **INCOME** Donations and legacies income to Unrestricted Funds including Gift Aid was £301,765 (2023: £370,823). The fall income was mainly due to exceptional cash donations of £25,000 in 2024 (2023: £100,000). Donations and legacy income to Restricted funds was £20,870 (2023: £8,066). Four legacies of £12,294 (2023: 1 of £1,000) were received of which £5,000 was restricted to the fabric of Wisley Church and the remaining balance of £7,294 was unrestricted. During the year a further £8,298 was raised to purchase a new organ in 2023 for the Church of the Good Shepherd. Income from charitable activities amounted to £67,642 (2023: £73,490). This is primarily driven by a reduction in amounts raised from Shepherd’s Market (2024: £14,327; 2023: £18,287) and magazines following a change from issuing this monthly to bi-monthly in the year (2024: £6,768; 2023: £8,932). 7 Income from investments for Unrestricted funds, including hall rentals, was £61,263 (2023: £63,145). During the year we received a contribution of £2,684 from Woking Borough Council (which has been allocated to the Churchyards restricted fund). In addition the PCC agreed with the Trustees of Henry Smith Charity (Pyrford Shared) and Poor Allotment (together the ‘Pyrford Charities’ to take on the funds and adminstration of these – these funds of £8,012 were received in the year and allocated to a restricted fund. ## **EXPENDITURE** The costs associated with generating the donations has remained stable at to £31,683 (2023: £31,695). Our support costs met from unrestricted funds were £363,997 (2023: £379,216). There was a decrease in staff costs in the year to £122,662 (2023: £134,998) following a reorganisation of the Parish Office responsibilities leading a reduction in headcount which no impact to the level of service provided. This was offset by costs associated with the interregnum including redecoration of the Rectory, costs associated with the recruitment process and events held during the year. Costs met from restricted funds were £17,284 (2023: £17,172) which related to the upkeep and maintenance of the church yard, St Nicholas’ Church and Wisley Church. ## **OUTWARD GIVING** The ongoing policy of the PCC is to donate each year an amount equal to a proportion (currently 10%) of its voluntary income from regular giving including Gift Aid for the work of Christian Mission both abroad and in the UK. To meet the 10% requirement, £26,247 (2023: £26,192) was allocated, of which £3,960 (2023: £3,392) was donated to Pyrford CofE Primary School. The parish’s four “chosen charities”, Amaha We Uganda, Woking BESOM and St Michael’s Sheerwater and the Local Community Fund (LCF) receive 25% each of the balance.The annual Shepherds Market raised £14,177 (2023: £18,254) net of costs. This was divided three ways between Amaha We Uganda, Woking BESOM and St Michael’s Sheerwater. Amaha We Uganda, Woking BESOM and St Michael’s Sheerwater each received £10,308 and the Local Community Fund (LCF), each received £5,571. At 31 December 2024 the Local Community has £5,095 of funds available to grant to local charities. ## **POLICY ON RESERVES** The PCC retains a range of unrestricted and restricted funds which are described in notes 18 and 19 to the financial statements. The general reserve fund is held to cover the PCC’s day to day activities. Diocesan policy is that General Reserves include 2 months’ essential expenditure. A minimalist interpretation, that essential expenditure means paying salaries, running the Parish Office and running the churches and the Old School Room, implies a minimum General Reserve of £33,765. A maximalist interpretation including 2 months of Parish Share, would bring this figure up to £59,935. At the end of 2024, the Parish General Reserve amounted to £183,137. The Building reserve is an amount set to assist cover for church repair or other property costs such as Church House and the Old School Room. This reserve was created during 2015. At the end of 2024 its value was £48,548. 8 The PCC’s approach to the management of its reserves is conservative but consistent with the requirement to fund its activities to meet its vision. The policy on reserves is reviewed each year at the time of approving the financial statements. ## **MANAGEMENT OF RISK** The PCC continues to identify and manage the risks which arise from its day to day activities. The PCC views those risks under the headings of governance, operational, financial and external regulatory. Areas of risk are brought to the attention of the PCC for review as part of the standing agenda over the year and any changes required are minuted and actioned. The major areas on the regular agenda for consideration are the following: - Annual budget and monthly reporting - Bank Mandate - Expense authority policy - Finance reserves policy - Insurance policies - Safeguarding of children and vulnerable adults ## **INVESTMENT POLICY** The policy of the PCC has been to invest surplus funds in low-risk interest bearing investments which provide flexibility without penalty and restricted funds held for longer term expenditure with CCLA Investment Management Ltd divided between two types of fund: Investment Fund (97%) and Fixed Interest Fund (3%). The market value of investments at 31 December 2024 was £421,056 (2023: £411,550). In the Parish Accounts for 2024, an unrealised gain of £9,506 (2023: gain of £35,003) is shown in the Statement of Financial Activities. ## **THE FUTURE** During 2025, the PCC will continue to apply funds in line with the Vision, namely, To know Jesus and to make him known everyday. A budget proposing this was put to the PCC meeting on 18[th] November 2024 and was approved. Overall it is a budget with a deficit £55,875, in addition building expenditure to be met from restricted funds is budgeted at £7,000. This forecast deficit is in line with the budgets for the last three year. The budget has been prepared provides a worst case scenario for IT, PA systems and events held during the period. Whilst forecasting a deficit the PCC are mindful of one-off dontions and the level of general reserves to fund this and therefore continue to apply the going concern assumption to the accounts. 9 ## **TRUSTEES RESPONSIBILITIES STATEMENT** The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the Trustees should follow best practice and: - Select suitable accounting policies and apply them consistently; make judgements and estimates that are reasonable and prudent; - State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; - Prepare the financial statements on the going concern basis unless it is in appropriate to presume the charity will continue in operation. The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity, and which enable them to ascertain the financial position of the charity, and which enable them to ensure that the financial statements comply with applicable regulations. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **STATEMENT OF FINANCIAL ACTIVITIES** **FOR THE YEAR ENDED 31 DECEMBER 2024** Unrestricted Restricted Total Total 10 |Notes
Incoming resources
Donatons and legacies
3
Charitable actvites
4
Income from investments
5
Other income
6
Total income
Resources expended
Cost of generatng donatons
7
Support costs
8
Charitable expenditure
9
Total resources expended
Unrealised Gain/(loss) on
investments
10
Net incoming/(outgoing)
resources before transfers
Gross transfers between funds
18
Net movement in funds
Fund balances at 1 January
Fund balances at 31 December|funds
2024
£
301,765
67,642
61,263
6
430,676
(31,683)
(363,997)
(41,455)
(437,135)
3,676
(2,783)
6,921
4,138
250,980
255,118|funds
2024
£
20,870
-
-
10,695
31,565
(307)
(17,284)
(1,567)
(19,158)
5,830
18,237
( 6,921)
11,316
275,002
286,318|2024
£
322,635
67,642
61,263
10,701
462,241
(31,990)
(381,281)
(43,022)
(456,293)
9,506
15,454
-
15,454
525,982
541,436|2023
£
378,889
73,490
63,145
3,200| |---|---|---|---|---| |||||518,724
(32,008)
(396,388)
(47,098)| |||||(475,494)
35,003| |||||78,233
-| |||||78,233
447,749| |||||525,982| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 11 ## **BALANCE SHEET** ## **AS AT 31 DECEMBER 2024** |||2024||2023|| |---|---|---|---|---|---| ||Notes|**£**|**£**|**£**|**£**| |Fixed assets|||||| |Tangible assets|12||27,801||18,654| |Investments|13||421,056||411,550| ||||448,137||430,204| |Current assets|||||| |Debtors|14|3,795||8,642|| |Cash at bank and in hand|15|127,241||133,816|| |||131,036||142,458|| |Creditors: amounts falling due|16|(38,007)||(46,680)|| |within one year|||||| |Net current assets|||93,299||95,758| |Total assets less current|||541,436||525,982| |liabilities|||||| |Represented by:|||||| |Unrestricted funds|19||255,118||250,980| |Restricted funds|18||286,318||275,002| ||||541,436||525,982| Approved by the Parochial Church Council on 4 April 2025 and signed on its behalf by: **Rev Nick Hutchinson** Rector and PCC Chairman and **Claire Clough** Treasurer 12 ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2024** ## **1. ACCOUNTING POLICIES** ## 1.1 Charity information Wisley with Pyrford Parochial Church Council (the ‘PCC’) is a charity registered with the Charity Commission and a part of the Church of England established by the Parochial Church Council’s (Powers) Measure 1956 as amended by the Church representation rules. ## 1.2 Accounting Convention The financial statements have been prepared in accordance with the Parochial Church Council’s governing document, the Charities Act 2011 and 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 (FRS 102) (effective 1 January 2019)”. The PCC is a Public Benefit Entity as defined in FRS 102. The PCC has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investments. The principal accounting policies are set out below. ## 1.3 Going Concern At the time of approving the financial statements, the PCC members have a reasonable expectation that the PCC has adequate resources to continue in operational existence for the foreseeable future. Thus the PCC members continue to adopt the going concern basis of accounting in preparing the financial statements. ## 1.4 Charitable funds Unrestricted funds are available for use at the discretion of the PCC members in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. ## 1.5 Income Income is recognised when the PCC is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the PCC has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid of deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or when the PCC has been notified of an impending distribution if the amount is known and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. 13 ## 1.6 Expenditure A liability is recognised when either a legal or constructive obligation is identified. ## 1.7 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases: Freehold land and buildings straight line basis over 10 years (buildings only) Other property straight line basis over 10 years Equipment straight line basis over 4 years The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. ## 1.8 Fixed asset investments Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expenses as incurred. ## 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less. ## 1.10 Financial instruments The PCC has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS102 to all of its financial instruments. Financial instruments are recognised in the PCC’s balance sheet when the PCC becomes party to the contractual provisions of the instrument. ## Basic financial assets Basic financial assets, which includes debtors and cash and bank balances, are initially measured at transaction price including transaction costs and subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. ## Basic financial liabilities Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Trade creditors are obligations to pay for good or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. 14 ## 1.11 Derecognition of financial liabilities Financial liabilities are derecognised when the PCC’s contractual obligations expire or are discharged or cancelled. ## 1.12 Retirement benefits Payments to defined contribution schemes are charged as an expense when they fall due. ## **2. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS** In the application of the PCC’s accounting policies, the PCC members are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors considered to be relevant. Actual results may differ from these estimates. The estimated and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects both current and future periods. ## **3. DONATIONS AND LEGACIES** |Regular Giving
Donatons and gifs
Gif aid receipts
Other collectons
Legacies|**Unrestricted**
**Funds**
**2024**
**£**
204,929
31,997
48,765
8,780
7,294
301,765|**Restricted**
**Funds**
**2024**
**£**
7,572
8,298
-
-
5,000
20,870|**Total**
**2024**
**£**
212,501
40,295
48,765
8,780
12,294
322,635|Unrestricted
Funds
2023
£
204,483
107,920
49,338
9,082
-
370,823|Restricted
Funds
2023
£
767
6,299
-
-
1,000
8,066|Total
2023
£
205,250
114,219
49,338
9,082
1,000| |---|---|---|---|---|---|---| |||||||378,889| 15 ## **4. CHARITABLE ACTIVITIES** |Local Actvites
Away events
Shepherds Market
Magazines
Publicatons
Wedding/funeral fees
**VESTMENT INCOME**
Hall Hire
Church House rental
Interest receivable
Dividends|**Unrestricted**
**Funds**
**2024**
£
24,166
2,054
14,327
6,768
396
19,931
67,642
**Unrestricted**
**Funds**
**2024**
**£**
30,734
15,400
3,725
11,404
61,263|**Restricted**
**Funds**
**2024**
£
-
-
-
-
-
-
-
**Restricted**
**Funds**
**2024**
**£**
-
-
-
-
-|**Total**
**2024**
£
24,166
2,054
14,327
6,768
396
19,931
67,642
**Total**
**2024**
**£**
30,734
15,400
3,725
11,404
61,263|Unrestricted
Funds
2023
£
23,805
3,069
18,287
8,932
356
19,041
73,490
Unrestricted
Funds
2023
£
33,617
15,400
2,945
11,183
63,145|Restricted
Funds
2023
£
-
-
-
-
-
-
-
Restricted
Funds
2023
£
-
-
-
-
-|Total
2023
£
23,805
3,069
18,287
8,932
356
19,041| |---|---|---|---|---|---|---| |||||||73,490| |||||||Total
2023
£
33,617
15,400
2,945
11,183| |||||||63,145| ## **5. INVESTMENT INCOME** ## **6. OTHER INCOME** Other income includes a contribution from Woking Borough Council towards the maintenance of the graveyards of £2,684 (2023: £2,170), the transfer of funds from Henry Smith Charity of £8,012 and £nil (2023: £1,000) grant from The Church of England towards energy costs. ## **7. COST OF GENERATING DONATIONS** |Vision Network costs
Worship and prayer
Pastoral care
Community
Discipleship
Communicaton
Shepherd’s market
Magazines
Publicatons
Local Actvites
Away events|**Unrestricted**
**Funds**
**2024**
**£**
3,605
63
1,724
325
654
150
4,489
48
17,863
2,762
31,683|**Restricted**
**Funds**
**2024**
**£**
-
307
-
-
-
-
-
-
-
-
307|**Total**
**2024**
**£**
3,605
370
1,724
325
654
150
4,489
48
17,863
2,762
31,990|Unrestricted
Funds
2023
£
4,390
117
1,582
238
654
33
6,006
-
14,669
4,006
31,695|Restricted
Funds
2023
£
-
313
-
-
-
-
-
-
-
-
313|Total
2023
£
4,390
430
1,582
238
654
33
6,006
-
14,669
4,006| |---|---|---|---|---|---|---| |||||||32,008| 16 ## **8. SUPPORT COSTS** |**Unrestricted**
**Funds**
**2024**
**£**
Parish Share
144,947
Staf costs
122,662
Youth & junior church
3,173
Clergy expenses
2,821
Parish ofce costs
22,257
Church running costs
17,778
Repairs &
maintenance
28,001
Building costs
-
Churchyards upkeep
922
Insurance costs
5,406
Utlites
12,188
Diocese fees
1,492
Depreciaton
1,077
Banking charges
934
Other expenses
339
363,997
**HARITABLE EXPENDITURE**
**Unrestricted**
**Funds**
**2024**
**£**
Amaha We Uganda
UK
10,308
Woking Besom
10,308
CMS Devonport
-
St Michael’s
Sheerwater
10.308
Local Community
Fund Grant
5,571
Pyrford CofE Primary
School
3,960
Other
1,000
41,455|**Restricted**
**Funds**
**2024**
**£**
-
-
-
-
-
-
6,620
-
6,139
-
-
-
4,525
-
-
17,284
**Restricted**
**Funds**
**2024**
**£**
-
-
-
-
-
1,567
1,567|**Total**
**2024**
**£**
144,947
122,662
3,173
2,821
22,257
17,778
34,621
-
7,061
5,406
12,188
1,492
5,602
934
339
381,281
**Total**
**2024**
**£**
10,308
10,308
-
10.308
5,571
3,960
2,567
43,022|Unrestricted
Funds
2023
£
141,324
134,998
4,220
4,444
18,922
20,792
23,642
7,604
80
5,511
11,683
1,611
3,204
942
239
379,216
Unrestricted
Funds
2023
£
12,352
12,352
12,352
5,550
3,392
-
46,598|Restricted
Funds
2023
£
-
-
2,904
-
-
-
6,499
-
4,464
-
-
-
3,305
-
-
17,172
Restricted
Funds
2023
£
-
-
-
-
-
500
500|Total
2023
£
141,324
134,998
7,124
4,444
18,922
20,792
30,141
7,604
4,544
5,511
11,683
1,611
6,509
942
239| |---|---|---|---|---|---| ||||||396,388| ||||||Total
2023
£
12,352
12,352
12,352
5,550
3,392
500| ||||||47,098| ## **9. CHARITABLE EXPENDITURE** The balance of the local community fund for distribution at 31 December 2024 was £5,095 (2023: £6,448). During the year grants were made from the fund to Eikon (£2,000), Woking Street Angels (£2,000), New Life Church (£925) and Ottershaw Church (£2,000). 17 ## **10. NET GAINS/(LOSSES) ON INVESTMENTS** ||**Unrestricted**|**Restricted**|Unrestricted|Restricted| |---|---|---|---|---| ||**funds**|**funds**|funds|funds| ||**2024**|**2024**|2023|2023| ||**£**|**£**|**£**|**£**| |Unrealised gains|3,676|5,830|12,268|22,735| ## **11. EMPLOYEES** The average monthly number of employees during the year was 6 (2023: 9) part time employees, which equates to 3.5 full time employees. |Charitable Actvites
Administraton
**Employment costs**
Wages and Salaries
Social Security
Other Pension costs|**2024**
1.5
2.0
3.5
**2024**
**£**
115,299
4,062
3,301
122,662|**2023**
2.0
2.5| |---|---|---| |||4.5
**2023**
**£**
127,864
3,574
3,560| |||134,998| There were no employees whose annual remuneration was more than £60,000. ## **12. TANGIBLE FIXED ASSETS** |**Cost**
At 1 January 2024
Additons
Disposals
At 31 December 2024
**Depreciaton**
At 1 January 2024
Depreciaton charged in year
Disposal
At 31 December 2024
**Carrying value**
**At 31 December 2024**
At 31 December 2023|**Freehold**
**land and**
**buildings**
**£**
46,805
-
-
46,805
39,305
-
39,305
**7,500**
7,500|**Other**
**Property**
**£**
33,148
-
-
33,148
33,148
-
33,148
-
-|**Fixture**
**and**
**ftngs**
**£**
66,216
14,029
(4,244)
76,001
55,062
5,602
(4,244)
56,420
**19,581**
11,154|**Total**
**£**
146,169
14,029
(4,244)| |---|---|---|---|---| |||||155,954| |||||127,515
5,602
(4,244)| |||||128,873| |||||**27,081**| |||||18,654| 18 Freehold property consists of The Old School Room, Church Hill, Pyrford which is shown at land cost (renovation costs have been fully depreciated). Other property consists of the Car Park at St Nicholas’ which is not part of the beneficed property. ## **13. FIXED ASSET INVESTMENTS** |**Cost or valuaton**
At 1 January 2024
Valuaton changes
At 31 December 2024
**14. DEBTORS**
**Amounts falling due within one year:**
Gif aid recoverable
Other debtors
Prepayments
**15. CASH AT BANK AND IN HAND**
Short term deposits
Cash at bank and in hand
**16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Accruals and deferred income
Taxaton and social security
Outward Giving|**2024**
**£**
2,365
1,430
-|**Listed**
**investments**
**£**
411,550
9,506
421,056
**2023**
**£**
4,413
3,145
1,084
8,642
**2023**
**£**
50,335
83,481
133,816
**2023**
**£**
7,957
878
1,992
35,853
46,680|**Listed**
**investments**
**£**
411,550
9,506
421,056
**2023**
**£**
4,413
3,145
1,084
8,642
**2023**
**£**
50,335
83,481
133,816
**2023**
**£**
7,957
878
1,992
35,853
46,680| |---|---|---|---| ||||| ||||| ||3,795
**2024**
**£**
64,551
62,960||8,642
**2023**
**£**
50,335
83,481| ||127,241
**2024**
**£**
5,475
399
4,315
27,818||133,816
**2023**
**£**
7,957
878
1,992
35,853| ||38,007||46,680| ## **17. RETIREMENT BENEFIT SCHEMES** The PCC operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the PCC in an independently administered funds. The charge to the profit or loss in respect of defined contribution schemes was £3,301 (2023: £3,560). 19 ## **18. RESTRICTED FUNDS** The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: |Churchyards and
garden of
remembrance
Church of Good
Shepherd Projects
St Nicholas’
Wisley
Pastoral Care
Pyrford CoE
Educaton fund
Pyrford Charites
Bosonnet Benevolent
Fund
Churchyards and
garden of
remembrance
Church of Good
Shepherd Projects
St Nicholas’
Wisley
Youth Causes
Pastoral Care
Pyrford CoE
Educaton fund
Bosonnet Benevolent
Fund|**Balance**
**at 1**
**January**
**2024**
**£**
3,362
9,915
222,881
15,060
399
19.159
-
4,226
275,002
**Balance**
**at 1**
**January**
**2023**
**£**
5,100
-
208,042
15,684
1,904
712
16,927
4,726
253,095|**Incoming**
**resources**
**£**
3,289
8,297
6,967
5,000
-
-
8,012
-
31,565
**Incoming**
**resources**
**£**
2,725
6,299
150
62
1,000
-
-
-
10,236|**Resources**
**expended**
**£**
(6,139)
(4,722)
(5,975)
(448)
(307)
-
(1,567)
-
(19,158)
**Resources**
**expended**
**£**
(4,463)
(3,305)
(4,384)
(2,116)
(2,904)
(313)
-
(500)
(17,985)|**Transfers**
**£**
-
(6,921)
-
-
-
-
-
-
(6,921)
**Transfers**
**£**
-
6,921
-
-
-
-
-
-
6,921|**Revaluatons**
**£**
-
-
5,054
342
-
434
-
-
5,830
**Revaluatons**
**£**
-
-
19,073
1,430
-
-
2,232
-
22,735|**Balance at**
**31**
**December**
**2024**
**£**
512
6,569
228,927
19,954
92
19.593
6,445
4,226| |---|---|---|---|---|---|---| |||||||286,318| |||||||**Balance at**
**31**
**December**
**2023**
**£**
3,362
9,915
222,881
15,060
-
399
19,159
4,226| |||||||275,002| In 2024 in agreement with the Henry Smith Charity (Pyrford Share) and Poor Allotment (together ‘The Pyrford Charities’), the PCC agreed to take over responsibility for the holding and administering of these fund. As result of this £8,012 was transferred to the PCC in the year and a new restricted fund established. 20 Churchyards and Garden of Remembrance is a fund where contributions towards the graveyards from regular donations are held along with contributions for this purpose from Woking Borough Council. Costs associated with the maintenance of the graveyards are met from these funds. The Church of Good Shepherd Projects, St Nicholas and Wisley funds were established to fund the renovation and maintenance of the buildings including Church House. The Pyrford Church of England Education fund was established to promote and support educational activities in the parish. The Pastoral Care fund was established to hold donations received to support pastoral work in the Parish. The Bosonnet Benevolent Fund was established in 2014 at the request of Paul Bosonnet. ## **19. UNRESTRICTED FUNDS** The income funds of the charity include unrestricted funds including designated funds by the PCC: |**Balance**
**at 1**
**January**
**Parish**
**Income**
**2024**
**£**
**£**
General Reserve
179,588
(6,459)
Building Reserve
47,501
-
Benevolent fund
23,891
-
250,980
(6,459)
**Balance**
**at 1**
**January**
**Parish**
**Income**
**2023**
**£**
**£**
General Reserve
128,610
50,979
Building Reserve
44,153
-
Benevolent fund
21,891
-
194,654
50,979
**ANALYSIS OF NET ASSETS BETWEEN FUNDS**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**2024**
**2024**
**2024**
**£**
**£**
**£**
Fund balances at 31
December are
represented by:
Tangible assets
10,213
17,588
27,081
Investments
163,559
257,497
421,056
Current assets
81,346
11,233
93,299
255,118
286,318
541,436|**Balance**
**at 1**
**January**
**Parish**
**Income**
**2024**
**£**
**£**
General Reserve
179,588
(6,459)
Building Reserve
47,501
-
Benevolent fund
23,891
-
250,980
(6,459)
**Balance**
**at 1**
**January**
**Parish**
**Income**
**2023**
**£**
**£**
General Reserve
128,610
50,979
Building Reserve
44,153
-
Benevolent fund
21,891
-
194,654
50,979
**ANALYSIS OF NET ASSETS BETWEEN FUNDS**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**2024**
**2024**
**2024**
**£**
**£**
**£**
Fund balances at 31
December are
represented by:
Tangible assets
10,213
17,588
27,081
Investments
163,559
257,497
421,056
Current assets
81,346
11,233
93,299
255,118
286,318
541,436||**Transfers**
**Revaluatons**
**£**
**£**
7,921
2,087
-
1,047
(1,000)
542
6,921
3,676
**Transfers**
**Revaluatons**
**£**
**£**
(6,921)
6,920
-
3,348
-
2,000
(6,921)
12,268
Unrestricted
Funds
Restricted
Funds
2023
2023
£
£
8,739
9,915
154,448
257,102
87,793
7,985
250,980
275,002|**Transfers**
**Revaluatons**
**£**
**£**
7,921
2,087
-
1,047
(1,000)
542
6,921
3,676
**Transfers**
**Revaluatons**
**£**
**£**
(6,921)
6,920
-
3,348
-
2,000
(6,921)
12,268
Unrestricted
Funds
Restricted
Funds
2023
2023
£
£
8,739
9,915
154,448
257,102
87,793
7,985
250,980
275,002|**Balance at**
**31**
**December**
**2024**
**£**
183,137
48,548
23,433|**Balance at**
**31**
**December**
**2024**
**£**
183,137
48,548
23,433| |---|---|---|---|---|---|---| ||||||255,118|| ||||||**Balance at**
**31**
**December**
**2023**
**£**
179,588
47,501
23,891|| |||||||250,980| |||||||Total
2023
£
18,654
411,550
95,778| ||541,436|||275,002||525,982| ## **20. ANALYSIS OF NET ASSETS BETWEEN FUNDS** 21 ## **21. PCC MEMBERS** 13 members of the PCC (2023: 8) received payments during the year, these being the reimbursement of approved expenses and payment of fees related to verger or PA duties, in accordance with the PCC approved schedule of rates. In addition 3 members (2023: 2) of the PCC were also paid employees. The aggregate amount of all expense/fees payments to members of the clergy and PCC during the period of office in the year was £22,026. (2023: £16,689). The aggregate amount of all payments (including salary and benefits) to members of the clergy and PCC during the period of office in the year was £108,467 (2023: £78,695). ## **Trustee remuneration and benefits** |Name of trustee||||Amounts paid or|beneft value|beneft value| |---|---|---|---|---|---|---| |||||**2024**||**2023**| ||||Remunerati|Pension|TOTAL|TOTAL| ||||on|||| ||||£|£|£|£| |Suzanne Lees-Smith||Employment|38,151|1,145|39,29|35,971| |||contract as|||6|| |||Children and||||| |||Families minister||||| |Linda Knowles (from||Employment|12,195|366|12,56|nil| |date of appointment to||contract as Parish|||1|| |PCC)||Operations||||| |||Manager||||| |Anthony Bligh||Employment|33,599|984|34,58|26,035| |||contract as Youth|||3|| |||Minister||||| |**Other**|**transaction(s) with trustees or related parties**|||||| |Name of the|Relationship to||Description of the|**2024**||**2023**| |trustee or
related party|charity||transaction(s)|£||£| |Hilary Aiken|Wife of|the Rector|Secretarial expenses|300||600| ||(Chairman of PCC)|||||| 22 **INDEPENDENT EXAMINER’S REPORT** **Report to the trustees The Parochial Church Council Of The Ecclesiastical Parish Of Wisley With Pyrford** ~~ee~~ **On accounts** 31 December 2024 **Charity** 1128605 **Set out** 11-22 **for the year no on ended pages** ~~—~~ I report to the trustees on my examination of the accounts of the above charity for the year ended 31 December 2024. ## **Responsibilities and basis of report** As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011. I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner’s statement** The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants of England and Wales. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Graham Norton FCA 2 Patterdale Coldharbour Road West Byfleet KT14 6JN 4 April 2025 23