St Mary SL Mary Oatlands Parochial Church Council OATLANDS Re￿￿d￿th thsCFffj P￿(￿b￿lIc￿￿ 1128836 ANNUAL REPORT AND FINANCIAL STATEMENTS for the year ended 31" December 2024 ANNUAL REPORT Administrative infornigtion St. Mkry Oatl8nds is situated ill Oatlands Avfflu4 Wrybrid8¢. li is part of the DioLw of Guildford within the Church of Fngiand. The correspond¢nc¢ ￿dresS is.. - Th¢ Pwish OffiK St. Mary Oatknd& Oatlands Avenu< Weybri￿< su￿¢Y. KT13 grs. The Church is a thatity re8iStered with the Charity Commi&qion &* The Parochial Church Council of the Ecclesi&8tical Parish of Saint 08tlJnd&-_ No. 1128836. Membrrs of the P￿bla] ChuTth Colln¢il who have serval from 1st janu￿ 2024 Incumbent Revd Folorunso Olokose (end of truurc 15th July 2024) Revd TrAark Asbwonh (appointed 21￿ Novem￿ 2024) Lay Li¢¢nsed MiDi5ter Hugh Montyomerie Church David Davis (resigned 26K15r24) Liz Davies Juh'8n Stt8¢aDt (q)poitit&4 26105ll4) Philip Evans (2023r26) Hel¢n Stickland (2023126) Elethd mcmbus Rachel Ba￿bridge BTian Brown Andrew Clthorthy (4Winted 26105r24) H¢lcn de Fraine (TCSi8ned 26105r24) DaTrell Greenwo￿ (reSIgti￿ 26105124) Dj'ab Hadd*l (4)point¢d 26105r24) Sara Hollitigsbe*J (resigned 26105r24) Ida Horner (r¢signcd Sep 2024) CathcTinc JrAlav (appoinied 7110r24) Sarah Miseldftne (Secrctary- wsinted 26105r24) Hugh MoDtBomeri¢ Brian Stsck18ttd trr¢asura) Helffl Tins AnDc vri(￿Id¢S TRUSTEES. REPORT Structureg governanee and management The method of appointment of ParochiaI Church Council (PCC) members is set out in the Church Representative Rules. All church attendecs arc encouraged to register on the Electoral Roll and stand for election to the PCC. OtTicials of the PCC apr￿)inted at the Annual Parochial Church Meeting (APCM). having regard to the need for the rang¢ of appropnate skills and expeiience. Statement of Trustees, Responsibilities The law applicable to chan'ties in England and Wales requircs th¢ PCC to prepare financial statements for each fina￿la1 year which ￿ve a true and fair view of ihe PCC'S financial acts'vittes during, the year and its financial px)sition ai ihe end of the year. In pretxrin¥ the financial statements giving a tru¢ and (￿[ view. thc m¢mbeTS should follow best practice and.. select suitable a¢count￿B w>licies and then apply them consislently make judgements and estimales that ar¢ reasonable and pru(knt state whcthcr applicable Accounting Standards and Sthtcmcnt of Rec(xnm¢nd¢d Praclice (SORP) havc b¢en followed, subjecl lo any detrtrturcs discloscd and ¢xplained in thc financial stat¥nn¢nts pr¢pare the financial statements on ihe going concern bAsis unless it is inappropriate to assume that the charity will continue lo operate. The Trustees a￿ reskx)nsiblc for keeping accurat¢ a￿)Unting records which disc105e. with TeasonablL accuracy, financial Ex)silion of the clwity and cnsure that the financial statements comply with the Charitics Act 201 l. They are also rcsponsible lor safLguardinb, th¢ a5SCts of th¢ harily and hcncc tsking reasonable steps for the prcvcntion and detection of fraud and other irregularities. Volunteer Contributlon Although the PCC. employed 2 people during the year, mu¢h of th¢ day-to-day running of the Church and its activities is camed out by volunleers. No measuremenl of th¢ time giiv¢n by volunlccrs has been undertsken. but it is true to say that many of the Church's activities would b¢ severely impoverished, or would have to cease altogether, were it Dot for the contrTbution made by its volunteers. Objeetlvey and Activilies St. Mary Oatlands PCC has reswnsibility, for promoting in the ecclesiastical tmrish the whole mission of th¢ Church, pastoral. evangelistic. social and ¢xumenical. It also h&$ res￿nSibIlitieS for the Lhurch buildings and furnitur¢ of St. Mary Oatlands. When planning the activities for the year. the PCC has considcrcd tk Commission's gwdance on public benefit and, in WRcular. Ihe specific on charities for the advancement of religion. Our objeclive 15 to enable Ewple to live out faith as part of the ￿rish community through Worship & Prnyer. ProvisFon of Pastoral Care and Missionary & oUtre￿h Work. Outside Giving At it5 meeting on 9 March 2022, the PCC decid￿ to continue its p)licy of selecting 4 charities and 5UPPOrting them for a period of 3 years. A fixed sum of £3.000 annum was pledged in this regard and the charities selected were Bibl¢ Socith.. Elmbridge RcntstarL The Lcprosy Mission and Walton & Hersham Foodbank The 3-year Friod eTKls on 31° D￿¢mi￿r 2024. TRU￿￿8. REPORT (Continued) Achievement and perfonnance Plcasc sec PCC Re￿rt below. Church #ttendaDee Therc are 120 parishioners on the El￿10￿ Roll (107 - APCM 2023). The average weekly attendance counted during Octolxr was 94 (103 - October 2023). A highet numb￿ attended Festival farn￿ C￿1St￿)aS seTviczs. REVIEW OF THE YEAR We are ricb. loved and have rnuch to Sho￿ about in Oatlands. We are saved by gr￿ through f￿th and this is not from ourselves so that n0-(￿e can tX)L8t (Eph 2..8-9). I believe thai has given us everything we need for life and godlin￿ through our knowledge of him who ¢all¢d by his own glory and go(MJness (2 Pl 1.3). Give him thanks and praise for 2024 - another year to serve and glorify him as we wait for his return. It is in the context of these tnth that I rcficct on ow 2024 finan¢c5 and ask God to 'giv¢ us our d￿'1Y bread. for 2025. God is in the business of building his church and drawing people to himself. our job and joy is to see what is doing and join to be available semnts and ambassadors with the good ￿wS of Jesus Christ. As we b8v¢ prayed for growth, I believe that God is answering. Our planned giving reduction of £3.600 in 2024 Iw already been met with incr¢as¢s in planned 8ivin8 in 2025. However, there i5 still a st¢ep h]'Il to climb this year, &$ w¢ need to shift from mainienance to misjion, sh￿Ing our riches and inviting others to join us. We need to start giving for ￿0wth- giving sacrificially so that we can cover our costs this year and ncxt ycar. planning to glow so thal can pr￿laIM ChrAst to all in our community. Our lon8-temi goal rn￿t be to move away from deF¢ndin8 on our flat to fill in the fjnance gap. instead seeking to usc it to how a ministy team {*ith an Up￿ it wuld house a future curate.) We need to lai5e OUT plantKd giving to cov¢r our parish share (with the aid). then our hall income could be used lo develop the S[￿e for more ministry and community OP[￿unItieS as well support our office. T am sp￿lfiCallY trying that somconc within our church family would wiIIiDg to offer & home to Le0￿ our PAIS worker, which would save Sl. Mary's over £10,000 a ycar. This wDuld enable us to consider a second PAIS worker to help carry the load with thc ex¢itiD8 increase of young ￿0p1¢ on Frid￿ Tri8hts. I Pettf 4..10 tells us that each onc should ￿¢ whatrver ￿ tsy have received to serve others. faithfully administeTing God's gra¢e in its various fornis. In other words. some of us can give more time than Money and others, more rnoney than time. We can all contnbute to buildmg God'5 kingdom in Oatlands in many different ways. Please ￿aY and consider how you ¢an serve during this s¢ason of your life. Every ¢ontribution is valu8bk. A big thank you go￿ to Brian and his tcttm for continuing to $￿ve trcasurer so diligently. You are heaplng up treasurts m heavcn rny friend Yours in Gospel Partncr5hip. Mark FINANCIAL REVIEW Although l ￿7S abl¢ to r¢wrt a snwu surplus for the Ye￿ cnded 31° December 2023, 1 regret to advise that our finarwxs have very rn￿h tsk¢n a nwn for the Worse in 2024.we I￿u￿ed a dcficit of £40.000 in the year a-loss" of th￿ magnitud¢ is both serious and concerning. The figures are set out on page 5 and I would draw your attention there to the n￿ratIVe"Net Ir￿ornIng (Outgoing) rcsourc¢s" on th¢ l¢ft-hand si(k of the page. just over half way doThryL This shows a deficit of £36.717 in Unrestricted Funds and one of £3,587 in Designat¢d Funds. If you look furth¢r down the Icft-hand column, you will see that is a"Gain on Investments'of £25,101, mostly arising from the revaluatson of ow maisonette in St Mary's Road which reduL%s the d¢ficit to £15.000. Although this might sccm a bit comfortin& we. of coursc. need cash to run the Clwrch on a day-kn day basi$ and the fact that our'bricks and mortar" have increaqed iti value does not re411y help us very much from a p)int of view. The obvious question is "Why have we I￿￿[ed this deficiif sever￿ factors bave come into play. W¢ had to cany out some W￿X￿ted rcpaiTS on proptrty &t St Mary's Road at a cost of £3.540. The fenc¢ at the back of th¢ Church was in a px)r slate of repair and had been attracting adv￿$¢ con)meirt from our neighbours, so it was r¢placed at a cost of £7.536. Had we not done so, it would PTobably have blown dow at Icast in paTL in the gales last year. The vacancy also had impact, in that, although the pro￿ty is owned by the Diocese. the local Church is expectcd ￿ pay for any redecorats'on or other internal maintenance. which is deemed to be neL%ssary. The totsl of this expenditure. m05tiy rclakng to new M)(x4 flooring and carpctÉng. wa5 £6,546. It is important to mention in this context that Revd Mark and his son. Josi&l4 volunteered to repint the prowty throughout And this h&s. of course. saved us a considerabl¢ Amount of morw. We extend our gratefi￿ thank5 to Mark and Josiah for this assislance. LaS￿y. our 4 year fixed price energy tsnffs expired in Dember 2023 (electiicity) and April 2024 (gas). Although new fixed pric¢ rA)ntracts had alrcady been agreed, their cost was significantly above the previous tsriffs, I￿th'ng to an additional £8,0(K) being S￿ on 8as and electncily. We will have to liv¢ with these higher tariffs until th¢ middl¢ of 2026. after which we have already fjxed our energy costs, which should &t that time redu¢e by approx £5.000 p.a. The of the expenditure mentioned above is £25.600 and is the major wtion of our deficit. It should also bc mentioncd tbat Planned Giving r¢ducvJ by £3,600 due lo Parishioners moving away or dying. In th¢ li8ht of the alK)ve, you will see ihe neoj for Planned Givin8 to iDcrease Revd. Mark h85 b¢cn wging us to review our giving aNI see wbat we call do to itKfc8se it. I am plewd to report that we are already seeing a good resp)nse to that. At the same time, part of the longer-terni solution must be to attwt new members to our Church. but Dot purely for this reason. because that is, after all. pfirt of our mission. However, if you have not recently reviewcd your giving to St Mary's, please do so and enquire about ways in whi¢h you can IKcome a ￿gUlar giver, Af you are not already one. Lastly, I would like to thank all those Feople who ￿1p m¢ (XTry Out the role of Tre&sJJrer- Helen dc Fra1￿ who maDAges our letting4 the team of colkction COUDters (Rachel Bainbridgc, Liz Davies, Malcolm Jeffreys Anne Vrionides) and Helen Penkethman who helps with so many of the task4 which my role involv¢s. Brian Stickland Tr¢asurer Approved by the PCC on 12A1312025 and B*n¢d on its by Rtvd Mark Asbworth IOJ.954 5,927 111325 10353 10253 13,531 5.fJ20 5.511 J4.185 .lff5 610 14.510 31 4J67 74124 J4494 IW47 RL$oL￿ClS LXPLPMRD 741 618 7,912 219271 I￿,036 3b 2099 7.912 221J69 i•W (45 P7,7ll) 2S.101 25,101 193) Iiijifj) pj {lJ57) litJ•wiry2•24 12¢2J} 4>J7 4x678 465JY9 SL M•ry 04d*nds P￿0th1￿ Church Couxta Dwji FJXZD A&SE15 7.fa8 353.975 . (425 )￿.874 3615 Swk 250 2X¢ Jh31 81.931 121.077 J3.359 10.joi NIT cullRI￿ A55I13 91 PARISH FUNDS 364.238 -iJJ 364.793 J3J.854 5JS 336MFI ,396 445.189 123,9B3 4FII.392 7.489 4.￿? Apyr•vel b SL Mxry OAtla#ds Paroehb#l Chureh Council Notes to Ihe Financial Ststements for the year ended 31st Deeember 20X Aeeounting Policies The fmancial ststements have been prewfyj in accordanee with the Church Accounting R¢gul8tion5 2006 together with the Statement of R￿ornmended Practice: Accountin8 and Reporting by Clwi'ties preparing thffl"r xcounts in accordanc¢ with the Financial R¢rorting Stand&rd applicable in tlr UK and Republic of trdand IFRS102) issued on 16° July 2014 and the Chanties Act 2011. The financial StstCM￿ts bavc been pre￿[ed uThkr tlr hJ'stOTical cost conventson except the valuation of investment assets. which are shown at n7aTk& value. The financial staternenls include au transacts'ons. &ssets and I￿llItieS for which the PCC is resw)nsible in law. They do not includ¢ the accounts of church groups that owe their main afflliation to another body nor thos¢ that are informal gatkring3 of chw¢h members. Restricted Funds represent income receive(L or invited by the PCC. for Specific objcctives. Th¢ fi￿d5 n￿Y only Ix ¢xpKnded on thc object foi which they werc ￿ven. lTh¢ PCC docs not usually invcst separately for each such objecl, but interest will be apExirti0￿1 to any such funds unspent after twelve montlks. Dejignated Funds: An explanation of tbe origin and ￿4e of these fillKL8 is given in Note 8b on page 13. U￿r￿¢ricted Funds are gen¢rn] fimds which G4n bc u￿d foi ordinary PCC purws¢s. Re4erva Policy: The Tntss Reseryes Policy is to maintsin suffici¢nt Unrestrict￿ funds to mcct committThents in the followin8 6 months. ID¢omlBg reso•ree8: Plann￿ Giving. ¢ollectioDS and donations are recO￿lS¢d when they are received Tax refunds are recog[us￿ when thc rcsourcc to which they fflate is receive¢L Dividends are a￿oUnted for Wh￿ reccive