FINANCIAL STATEMENTS AT 31 DECEMBER 2023
To know Christ better, to make Christ better known
THE PAROCHIAL CHURCH COUNCIL OF ST MARY'S CHIDDINGFOLD TREASURER'S REPORT- 2023 In my 2022 Treasurer's Report15aid that the year had been 'challenging economicallv. Now, a year later when a deficit lie an excess of expenditure over income) of £9,157 has occurred l am disappointed to have to report that. for a number of reasons. St Mary's has continued to suffer the efferts of the general economic climate. In summary. it is clear that almost all the income streams fell by a few percentage points and, despite the efforts that were made to control the expenditure, of necessity, several of the expense items increased. Two major conseqLJences of this were that. towards the end of the year, the PCC was obliged to conclude that li) there were insufficient funds available to meet the full amount requested by the Diocese for Parish sha ie £95.357 and lill the budget for Outreach Givin8 and Support Funding to external charitabie or8anisations would have to be restricted to just £2,500. More positlvely l am pleased to report that. followin8 receipt ofsome generousgrantsfrom The Friend5 of St Marys, The Community Foundation for Surrey and Chiddingfold Parish Council, the PCC was able to commission some much needed repair work to eight of the barrel gravels in the churchyard. In due course it is hoped that others will be attended to but those which have been done now are definitely very much improved and the PCC has expressed its gratitude to each of the or8anisations concerned for the assistance they provided. Another encoura8in8 Item is that the receipts from the Donations Card Reader (located adjacent to the church door) increased si8nific3ntly from a weekly average in 2022 of £25 to approxirnately £65 in 2023. This almost certainly reflects the national trend away from cash and, consequently. the PCC decided that, for an experimental period at the beginning of 2024. the default amount would be increased from £5.00 to £10.00. As I write this report (in February) the exFeriment is still in train so the results are not yet available but. in due course, it will be interesting to determine what effect. if any, the change has on the weekly total. One of the factors which contributed to the deficit in 2023 was that the income from Fundraising Actiwties declined because of the lack of volunteers to lead and cOrdinate them. The PCC is hoping that this will be addressed in the comlng year and. meanwhile. every effi)rt is being made to ensure that a ran8e of events occurs in 2024. One such is a Stewardship Campaign in the Spring to raise awareness of the church's financial position, both within the membership and across the Parish. Throughout the year careful attention was given to every aspect of the expenditure and consequently l am pleased to report that, apart from the cost of the barrel grave repairs which as I have mentioned already were fully funded from some generous grants, the total of the Resources Expended was almost 2% lower than in 2022. That said, a few of the individu31 line items increased significantly. For example, both the Utilities and Office Administration costs nearly tripled but one that the PCC was especially pleased to authorise was the appointment in the autumn. on a part time basis, of Philippa Fraison to the role of Youth & Children's worker. The PCC remains very committed to thi5 aspett of the church's ministry as it recognises that todarfs children are tomorrow's church members. Towards the end of the year it became neCeary to withdraw some of the Reserves in order to meet the day to day expenditure but the PCC'S previous stated policy: to retain a Designated Emergency Reserve Fund of E25,(XX) within the CBF Oeposit Account- was maintained together wlth certain other
nominal amounts that have been set aside for various designated costs. Overall therefore, St Mary's remains solvent despite having sustained a defiCIt in 2023 but it is clear that, in order to redress the situation and maintain a healthy financial position, further steps need to be taken to increase the Incoming Resources. On a personal front I must advise that, although it has been a great honour to serve as the Treasurer of St Mary's for the last two years land Assistant Treasurer to Gilly van Oppen for two years and Mike Jones for four) I have decided that the time has now come for me to step down in favour of a younger and more energetic person. Consequently, I have indicated to the PCC that I shall cease to be the Treasurer of St Marfs with effect from Sunday 28th April 2024 ie the date ofthe Annual Parish Church Meeting. l should like to place OD record my thanks to Rector Rachel for the confidence she has placed in me whilst I have been the Treasurer and. at the same time. to thank Gilly van Oppen who, having stood down from being the Treasurer after preparin8 the 2021 Accounts, kindly agreed to continue as the Bookkeeper when I took over at the be8innin8 of 2022. 1 said13st year that. without Gilly's widespread knowled8e of the villa8e and dedicated commitment to ensuring accuracy in everythin8 related to the accounting function, I most definitely would not have been able to take on the Treasurer's role and I have no hesitation at all in repeatin8 those words now. Throughout 2023. Gilly has remained an invaluable part of the Treasury Team. often workin8 late into the ni8ht to ensure that payments are made and the records maintained. Thankyou vÈry rnuth Gilly for all your hard work. Flnally, l am delighted to confirm that. once again, Tony Kelly FCA has agreed to act as the Independent Examiner of the Accounts and all the supporting documentation. The PCC has acknowledged its 8ratitude to him. Gerald Wllllams Treasurer, Chiddln8fold PCC Bankers". Lloyds Bank PLC 49 High street Godalming Surrey GU7 IAT Independent Examlner: Mr A Kelly FCA Maple House 2 Woodberry Close Chiddingfold Surrey GU8 4SF
THE PAROCHIAL CHURCH COUNCIL OF ST MARY'S CHIDDINGFOLD INDEPENDENT EXAMINER'S REPORT Thi5 report on the Accounts of the PCC for the year ended 31 December 2023, is in respect of an examination carried out under Regulation 313) of the church Accounting Regulations 1997 to 2001 I'the Re8ulatioris") and 5.43 of the Charities Act 19931.the Act.) Res ectlve res onsibilltles of the PCC and the Examiner: As the members of the PCC. you are responsible for the preparation of the Accounts.. you consider that the audit requirement of Regulation 3 131 and s.43 121 of the Act do not apply. It is rny responsibility to issue this report in accordance with the terms of Regulation 25. Basis of thls Re ort: My examination was carried out in accordance with the General Directions given by the Charity Commission under section 43171 Ibl of the Act to be found in the Church Guidance 2001 edition issued by the Finance Division of the Archbishop's Council. That examination includes 3 review of the accounting records kept by the PCC and a comparison of the Accounts with those records. It also includes considering any unusual items or disclosures in the Accounts and seekin8 explanations from you, a5 Trustees. concerning any such matters. The procedures taken do not include all the evidence that would be required in an audit and. consequently, I do not express an audit opinion on the view given by the Accounts. Inde endent Examlnerfs Staternent.. In connection with my examination. no matter has come to my attention: 111 which gives me cause to believe that, in any material respect, the requirements lal to keep accountin8 records in accordance with section 41 of the Act and Ibl to prepare Accounts which accord with the accounting records and comply with the requirements of the Act and the Regulations have not been met. or 121 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the Accounts to be reached. Maple House 2 Woodberry Close Chiddingfold Surrey GU8 4SF A Kelly FCA Chartered Accountant Independent Examiner cl<g-
FU(ED ASSETS IXIRRÉNrwEIs AND lIK LANCES(N(Ye 11 (JF DEPO%T ACCOUNTS CBF 1Tr4VEsfMENT FU14D MAGA21NE ACCOUNT DEBfops (Note 21 tEssaiE(XTORSINLÈ 31 21.914 46,168 1.392 37.W 2.S28 4,616 -2.114 -16.195 TOTAL NET ASSETS s3.7 61, AEPRESEIITEO BY UTrIREsfFUCtEO FUNDS AESfRICTED FVNOS 41.377 12.435 50.529 11.159 TOTPI FUNDS 61. .qi GENERAL FUIID LANCE 81F WD @I l JANUI INCQMING REY)URQS IN• 41 LE&S.. RESOURCESEXPENOED (Note 71 NET SUPPLUWEFIQT FOR THE YEAR LANCE C/FWD @ 31 DEUMBER 5Q529 44228 I20.2) 124.495 . 122.194 2.301 -9.157 -9.157 4J.372 50.529 TOTNI UNRE5TRICVED FLWIDS 413 SADLEII BIqUf5T IOIUROIYARDI LANQ WFWD @ I IAP4UARY INCOME FROM CBF UNITS UNIT VALUE INCREAMQEASE LANCE QFWD @ 31 DE(f M8ER 210 314 6564 6fi39 CAMnELL-ORDE •EIXI LANCE CIFWD @ 31 DEQMBER VESTRY REFUROISNMENT FUMD &4LANCE QTWD @ 31 DE8E 2.29) 2.250 •EU5 & ORGAN REPAR FUIID If1th91 CANCF QFWD @ 31 OEff MBFR COp•MjN FOUIIDAIK4 GRAvr 41ANCE BIFWD @ I IANUAAY LESS PROJECT FUNtXNG IIALAIKE fiFWD 345 -345 ys 345 TOTAL RESTRThD FU14DS JU35 ii. TOTPI FUNDS 53.807 61.
LLOYDyfSB &4NTANtVGIRO 8.845 21.546 130 238 783 21.914 OEOTORS AGENCY COLLEcfioNS FUNERAL COSTS GIFT AID 740 182 3.694 4.616 aiEDITORS DIOCE&4N FEES PARISH SHARE AGENCY FUNC6 UTILITIES STAFF. MINISTERIAL AND OTHER £XPENSES 554 12,¢JJ) 855 746 512 li 1,786 16.195 INCOP•WNG RESOiIRCES REGULAR PLANNED GIVING IRPGI COLLECTIONS GIFT AID WEDDING & FUNERAL FEES GENERAL DONATIONS DEgGNATED DONATIONS & GRANTS INote 61 LEGAOES INTERE MAGAZINE INCOME FuNDrNG A1VITIEs INcrte S} CIIURCH ROOM RENTALS VEER FUND INCOME SL91S 7.675 13.623 3.649 7,204 IL584 55.469 9,784 13.758 5,176 7.248 3.324 1.314 15,016 5.474 2.231 639 16,565 8.337 3.235 460 124 495 FUNORAISING £TM71ES INCOMING FUNDS LESS.. COST OF GENERATING FUNDS 6.134 10.052 -1,715 5,474 8.337 OÉSIGNATED DONATIONS & GAAPITS FRIENDS OF ST MARY'S IBarrel Graves I COMMUNITY FUND (Barrel Gravesl CHIt)OlNGFOLD PARISH COUNCIL18èrrel Graves) CHIDDINGFOLD PARISH COUNCIL Ichurthardl COMMUNITY FUND INotice Board I COMMUNITY FUND IHeann8 Aid ainicsl GODALMING OEANERY Iyouth CHIDOFEST (Church Mice) WARGR4VES COMMISSION 7,377 495 212 12 12 IL 3,324
RESOUR(ES EXPENDED •NISTRY PAR15H SHARE MINlSfERIAL EXPENSES 75.(KQ 3.178 3.732 78.178 SERVI WORYIIP MATERIALS ORGANI& clft YOUTH 2.679 3.774 3,967 1.548 2.970 1,858 20 6376 OIUROI BUIiDIP46 INSURANCE (Note 81 REPAIRS & hAAINTENANCE UTILITIES (Net) FLOWER FUND CHURCHYARD &4RREL GRAVE REPAIAS 2.119 1.533 2.695 3S2 3.221 3.185 7.4 9.377 9920 OIUR()I ROOM RUNNING EXPENSES 1.752 1752 1.542 ADl•YNtsTRATION & SUPIDRIES OFFICE ADMINlSfRA TION STATIONERY & PRINTING INKS ETC ONLINE EXPENSES CLERGY TRAINING C05rs AFF COSTS AUDIO & IT FOOD & FELLOWSHIP COSTS (Net) 2.244 789 778 2.$82 1,155 6,321 150 471 6,120 75 11,649 MAG21NE ÉXPf NSES 9,529 99 OUTREAC&I SUPPORT (Nrte 10) TOTAL ReSOuR EXPENDED 129A47 2.194 ASTHE INSURAN PREMIUM IS PAID IN MONTHLY INSTAL•AENTSTHE AMOUNT OUTsfANDSNG AT THE END OF rHE YEAR WAS TREATEDASA CREDITOR UNTIL THE END OF 2021. IN 2022 IT WAS DEODED TFWT THE FULL COST OF THE PREMIUM SHOULD BÉ INCLUDED IN THE ACCOUNTS WITHOUT ANY CRELITOR BEING CARRIED FORW ARD. CONSEQUENTLY, AS EXPLAINED IN TItE 2022 ACCOUNTS. THE AMOUNT WRGEO FOR THAT YEAR ONLY1£2.1191 WAS %GNIFICANTLY LOWER THAN THE UWAL AMOUNT OF OtfA £3.)1 IN PREVIOUS YEARS THE BELLS & ORGAN REPAIR FUNO WAS INQUOED WITHIN THE GENEL RESERVES BUT IT HA5 8EEN DEaDED THAT. FOR CLARIIY. IT WILL BE oWN SEPAfNTELY WITH EFFE FROM 2023.
10 OiITrEACH fjIVaG AND SUPPORT FUIIDING ST MARY'SSCFk)OL CROSSWAYS HASLEMERE FOODNK GODALMING FOOWNK MIDHUW MACMILLAN NU$ GUILDFORO STREET ANGELS HASLEMERE YOUTH FUND 70) 2cri 20) 250 2 2CIJ cAN¢R RESEARCH ¢JftISTIAN AID THE TRUSSELL TRU INQU&VE CHURC CHURCH URUN FUND 5tsJ 3DJ 250 2tlO 2(M) 2W I,4• UNl(F (Somalla Fanll AFpeall uNlF (Middle East Appeall UNI F IAf8han Eèrtuake AFyall BRITISH REO CROSS Iukraine AFpeall OEC (Pikistin Flttl Rdi•l Aro111 250 250 21 2S0 290 750 RECVOR'S D6aiEIKJI&•JIY FUIID OUTREAOI SUPPOIIT AS PER ThE ACCOU•ITS 2EQ 260 ADDmoNAi F(INDING FA(M 5PE(IAL C(XiECIK4S ROYAL BRITISH LEGION IReffeft)rae g)NJavl BRITISH RED CROSS Iukraint I¥1) CHRISTIAN AID lJThnt Chwche31 THE TRUSSEIL TRUST Cc41e¢¢iCl DEC ITurkev/Syri• Eart}ulke Apwall THE CHILN's ETy Ichnstirydltl 177 3tsJ LIC*) 3>) 437 67 147 Lno TOTALOUTrEAOI SUPPORT
Financial Statements for the year ended 31* December 2023
Approved by the Members and signed on their behalf by:
The Revd Dr Rachel Greene, Rector
Dated: 28" April 2024