REGISTERED CHARITY NUMBER: 1130243 Report ofthe Trustees and Unaudlted F5nancial Statements for the Year Ended 311)ecember 2023 for EMMANUEL sfouGHTON PCC
EMMANUEI STOUfjltroN PCC Conterrts of the Flnandal Statemènts for the Year Ended 31 L)ecember 2023 Page Vlcar's Report Ito2 Operating and Financsal Review 3to4 Report of the Trustees 5t07 Independent Examiner's Report Statement of Finanaal Activities Balan Sheet io Statement of Cash Flows li Notes to the FinancÈal Statements 12to18
EMMANUEL STOUGHTON PCC Vkarfs Report for th• Year Ended 31 DcèmbpT 2023 Our purpose at Ernmonuel is Kno8 Jesus Better. and Making Him Better Knowfi. Wewant everything we do to express our core values.. Family, Word and SpiriL and Making Di5ciple5. January 2023 Saw ourflrstVls(on Evenln& slx months after Thom's liceftslng as Vicar. Ouive15eforthe year wasfrorn hAatthew 9..37.38, 7he horve5tls plentifvlburthe workers orefvw. Ask the lordof tlje htsNest, tlwe]ore. to sendout worker51nto hi5huffve5tfields'. We launched'Pray for Five, as our main ini(iètive 012023. locuyng on our key rn10n of reaching the community and rnaklngjesus known. O¥erthe year. the maiorty of the church lam1CoMmitted to pray each daylor God to reveal himseKto five frlends. We ended the year In the atrtumn runnlngfive AlphalExploring Christianity courses. and as a church stepped in falth and ithvrted over4KI people to join s. Of all tho inwted we Saw 34 guests comete the courses, and mott of these coninue as part of thÈ churth ¢ommunty in 2024. Over 2023. we also Cebrated the baptlsms of ad$.. Hannah. Lixzie, Nahid, Tom, Hillary, andAnna. We also Saw many other peopl who were previously bapt45ed, re-connettwr£h chu¥¢h after è period of 8bsertce. Anotherfirst for 2023 was our Church Weekend In March. led by Paul and Becky HarcourL Thiswa5 a great CesS. and we l¢)ok forward tojohn McGinleyjoinln8 us In Mty 2024. In the 5umrner. Sarah Morton the youth team pioneered OUT new Youth Festival.'Wèy Camp,. worklne alon8slde other lo¢Jl Churches. Forty membersof the church a150 Joined the New Wine Summer Festival In August. In September, we refreshed Qui service pattern.. movingthe 8am Hotycommunion to 8=45am, and relaunching the evening service as The Gathering at 6Kth ea£h week. with the youth continuing to lead the first servlce of the month. Both services more than dObled as a result, though nUrnIr5 at 8=45arn remaln quhe low. We have been Ènc04Jraged to see new peo@101n1ft8 thÈ thurth tontinuallyover the year, Dumbers of under 16s on Sundays hlgher than a year ago. Church attendance hascontlnued to grow steadity throughout the year. ManE declined substantlally due to Coyid. attendance ended the yÈ8r tltssèto the pre-ctsd average. Within the team. Sarah King Stood down as Church Warden In Aprll, afterfive years of leadlngthe church through both cOd and Interre8num. Paul FraTrklin conJnued as Church Warden. joined in Aprtl by tleutsch. Theyafe ably asted by Nigel McDonèld and Rachel Downey as Asslstant Chur¢hwarderts. Rev Rupert Masters continued in his staff role, and Chri5 Reddin continues to support servl£es wlth PTO. Peter Evans and Richard Horn continued a5 LLMS, while Jo Franklin began LLM training. Mike Levick completed hls ten vears as PCC Secretary, succeeded by Davld BurIgh, while David Magnuson contlnued asTreasurer. Mlke Stevenson is our Gift 5ecret3ry. and Les Knlght our Ver8er. In 2023 two rnh loved mernber5 of the Staff tearn anrK>unced thelr reliremeThts-Aretia Debenham in the office, and Linda Marshall our cleaner. Aretia moved to working part-time as she prepared for retirement In January 2024. after manyyears of runnlng rhe chijrch office. Ruth Burleigh worked alonBside her durln8 2023, prerIn8 to become otsr ParSsh Office Manager in 2024. Sally Ched8Èy tontinuèd a5 P4Tish Centre Facilitator, Lynne Wright as Café Manager, Diane Hamltton as Preschool Ma#ager, and Nlcda Cde asvolunteer Mus Coordinator. MElissa Foat continued as Children and Farnilles Pastor as dld Sarah Morton as Youth Pastor. The staff team welcomed several new membws. Jonny Lowe joined as curate Th July, Jacob Smith a5 Worship and Young Adult Pastor in Septernber, and Tom Naisby succeeded Zèc Fox as MinistryTrainee. They have been in5trufflentsl irb laurKhiniour new Gathering senri on Sunday evenin8s. and our 8rowing rnini5try to SttJdent5 and y{8 Adult5. Nicola Goff joined theteam as a placemeftt oydinand and Seniors Pastor, and Rathel Clark on an OrditIon training placement. while Lizzie Extance joined a5 Assistant Calé Manager. We appolnted Nlcky Athby as our new clearl, to work alOn8e Keltoum Zeyouti. The church contlnuÈsto lake Safezuardrne 5eriousty and this is a rolling agenda item atour PCC meetin8& Marbn Scantlebury continues s our Safeguarding Officer and we were at Level 2 of the Diocesan'dashboard. recordsng our Safeg3rdIng actions and progressing towards Level 3. The knttle Stars SChool. bythe church, continues to be OFSTED oLrtStandi and theteam have worked incredlbly hard. spending most of the year undersraffed. Great Credit 5h¢Juld be Ven to Diana Hamilton and her whole team, dc4ng a great job under signiflcant pressure. The Coffee Shop CONueS to Bo from strength to strength, brllllantly led by Lynne Wrw, Lizzle Extance. and thetr team of volunroers. While the Pccwere Comfortable underwrlvng thecoffee Shop because of the slgnfficant mlnlstry It preSents. in 2023 the café ende£l the year in surplus. Management ol the Falrtrade shop continued underthe core of Sallychedgey and Nkky Parsons, supported by 8 team of volunteer> The shop raised £4.989. Page I
EMMANUEL STOUGHTON PCC Iricarf5 Report lor the Year Ended 31 December 2023 Our church Hardship Fund has been u5Èd at different timesin the year to provlde support and food vouchers for local families, with distribution at Christmas. We held two Grft Days In the year. The first in March wès for local rnission and enabled us to recruit Jonny. Jacob, and Torn, while the second in Octoberwas for a CDmmunity Garden project led by our mission partners in Santa Cruz Bolivia. We also supported CAP and MATRIX duringour Chrlstmas seTvi¢es and raised £637. We are grateful to Simon Ritchle. Sally and Ruth, and all who have enabled our w@hte and wial rnedia accounts to be ongoln8 means of good communScallon. We have contlnuedto produce our monthly'Qutlook' magazine for the congregation and contributed regularlv to the local Stoughton Pages. We continue to produce ourweekly church newsletter. At Easterand CIYi5tmas we woduced our Link Ma8azine whlch was di#ributed to all the homes in the parish. Atthe end of 2023. Liz and Simon Deutsch joined Simon Ritchle In revlewing our communication5 Strategy. With work ongolng Into 2024. We continue to be grateful to all of our volunteers_ The FabrK Team cares for our bulldln8s. Our sound projection teams enable OUK worship on Stsnday, as do our wdcomers, readers, counters. intercessions team, aNI tea & coffeeteams. Rogersmlth played the organ for the lasttime at our Christma5 setvlces, after many years of faithful serwice. Our Sunday children's and youth group volunteEf5 invest in the next8eneratlon. as do our mid-week ministytearnsforTeddle4 Klds Allve. and Youth Club, as well a5the OpeTr the 8ook teaTn and those 8olng Into the lo¢al schools each week. We are gratefijl too to our Frlendshlp Club. Here Hear Clinic, and PensIon5 Lunch teams, who carelorthe Seniors in our communlty. TowardsthÈ end of the year PenoneTS' Lunth ev0ed into 'Festive Feasts,, and we are grateful to the ongoing hard work of the team to cootinue thss ministry in a new fomi. So many hours serving the Lord and beln8 faithful d15ciple Our chufch grounds have continued to be cared for by the volunteer gardening team. and flower èrrangernentsfor our worshlp area are provided by our flower team of volunteers headed up byjoanie Watts and 8rend& Fox. Particular thanks to all who worked so hard fo the flowerfe5tival in September, which engaged a large number of people frotn around the cornmunlry. In September, our PCC unaNmouslya8reed to enter into a partnership with St Francis We5tborough and St Claie's Park Barn. An Interlm comrnittee ha5 been meeting since then representing all three churches. to discem what the loTrg-terrn Shape of th5 partnership might k)ok like, and we hève begun a lÈgal tonsult4tion around becoming one united parish. Thanks to all of those from Ernmanuel who have sited St Clare's and St Francis Since September to preach andlor lead 5eTvice% 5UPPOrtingthe con8re8ations there in the Interim period until we areable to send teamsto revitalise both churches for the lon8Èr term. As we look forward Into 2024, we movefrorn focusing OLrtward to our community to a 5ea50n of Growing To8ether a5 a church familv. lookingto help the many new¢owrs to the church Integrate into the churih family and ¢row in faith, and helping Èach one of us find our pI8cE In the lrfe of the church. We hope later in the year 10 send a team to 5t Ckre's to launch a new wotshipping cornrnunity there, and kjok forwaTdto sewng wt the Lord will dD. Thom Jee (Wicarl Page 2
EMMANUEL STOUGHTON PCC Operatlry and Hnancial Review for the Year Ended 31 December 2023 Flnandal Re¥lew The finan$ of Emrnanuel Stoughton PCC are shown as two funds, the unre5trtcted fvnds coverfng ihe day to day runnlng of the church afid the ¥estricied fundsfor5pecific missions and charitie5 together with the Vitars Discretionary Fund and the Ltttle Star5 Pre-school. The accounts at the end of 2023 Showed a net surplu5 on restrirted aTrd unrestricted fund& Income of the PCC amounted to £784.594 12022.. £58É,2191 foi the year out of which resources empended were £663,97612022.. £598.1271 resultin8 in a surplus of £120,61812022= deficit of £9,908). Cash al bank totalled £227,63512022.. £119,535) at the year end wfth the mortgage outstandlng of £31812022.. £3481. Thesurplu5forthe PCCunrestTictedlurxl when assessed in greater detsil indicates that the resuk at the end oltheyeor including the Shop irKome showed è surplus of £25.58412022.. deficit £20.6931. The bud8et fi8ures thatthe PCC agreed for 2024 are for a deficit but this does not inclL¢de any one off donations or legacies. The restrirted fundfiguresareTepre5ented bythe Mi55ionary and Charityfunds thatwere not paidoutduring 2023. thevicars D¢scretionary account and the ttle Stars Pvtrschool fund which recorded a surplus of £17.327 in 202312022.. surplu5 of £4.4371. is our ILrture objective to werate %wth sutficient funds ¢n order that operatlng costs could be rnaintsined for three months. With the legacie5 received, the PCC has beeTr ae to Increase Its operatlng surplus Icontlngency reserve) compared to last year and have this in saving5 account. The PCC is provide(1 wth monthly figures and summaries on Incorne and expendlture for dSscu551on at PCC rneetln8& Regular givin8 has Increased slnce last year, reduclng the defktt excludln8 le8acles. but we need more ¥ing to reduce the deficli entlrely. The finance committee met to review thè year and makÈ forecasts for 2024 which indicated that the finances would be in a deficit mainly dup to the oslng the rental Income of or of our thurch properties as the Curate will rnove iftto the property. Z024 wll continue to present a challÈn8È wfth the unknown impatt of the cost of living crisis and intae increase5 In costs to support the ongoing ar1 Èxpanding work of the church in the paiish and the cornmunity. Maintenance of the chuTch coffiplex buildings and the three church houses is an on8dng Èxpense Imjt will be offset through renting our propertiÈs ènd using vtslunte@r labour and expert15e. Unrestrirted Funds These con515ts of the Pccgeneral lund supportingthe regularwork of the parish Chrch and the maintenance otthe parish church and the three housesowned bythe parish. The youth workers, thechlldren and familles worker. the administratlon stèff and the t¥vo cleaners are pald dirertty from the 8e¢)eral fund, with the Vitar and Curate's salary paid throtsgh the Partsh Share contribution. Back In 2019. the PCC agreed to splStthe plot of 12 Grange Close and build another property to make us m¢ye fifiandally seture from the abillty to rent oui tfr property. The final instalment was paid in 2022 and 15 now rented out. New designated funds this year are the Westborough Park Bam Fund to support their works and the Parish Ops Fund, funded by the Diocese reducing our Parish Share as a result of us supwrting St Frances and St cre5. Income15 (eIved through the direct Wving from church members mainly through tax efficlent giwng wkh the tax refund being the next mostsignificant incorne figure. We rece4ved a legacy in 2023 of É10,0461£10,944 In 20221 but legacies must be regarded ès special incorne and not be aumed in the assessment of Income In the futuie. Voluntary incorne (excludin8 le8acie51 increased in 2023 by 16.4%. and expenditure increased by S.2K The rnajor eXperlture ¥tem5 to increase were utillty costs. coffee shop costs, and pastoral costs offset slightty by lower repalr and maintenance costs.. with other expenditure items. some increased and others deiieased. There were vèrlous church hdidays and outitlgs or8anised for youn8 people through to senlor cltizens throughout the year. The irKome and ExpÈnditurefoithe5E 15 tQll5idered 45 4 conduitfundwithinthe Pccaccount lincDrne nDminallyequèl toexpenditure ènd notaffecting thÈ PCC business) ahd 55 shDwn as è net figure with a 5m411 deficit for 2023. Page 3
EMMANUEL STOUGHTON PCC Operating and Flnanclal Revièw forthe Year Ended 31 December2023 The youth worker house at 81 Worplesdon Road1£20 of mort8age Interett and upkeep) is # signthcant expense blrt IS C0115idered a good investment compa¥ed to renting. The Coffee Shop trade ifflproved COnderablY and showed a surplus of E6,08012022". surplus E6741. with trade recovering from the ImCt of Covid. The FairTfade Shop surploswas £4,98912022.. deficit of £3.578 after £6.0(M) doDatioryl. donatÉons to charities are adwised bythe shop management committee as agreed by the PC Restricted Funds Mi55ionary income was 18Y6 lowerthan 2022 whilst givinE tothe Hardship fund decreased by 17%. This was offset by the E92.921 given to the local mlsslon fund 5UPPOrtlng our worship works and £over the lost rental income from 12 Grange C105e now used by the Curate. AN money given to mission and thaTtty is allocated by church member5 through giving promises orthrough specific allotated wfts. The 5h3re of our property rental Income 8lven io the Hardship lund amounted to £1.666. The Wicar's Discretlonary Fund whith Is not ¢ontrdled bythe PCC Ibut feported moTrthlyl stsnds at £923. wfth £710 dlstrlbuted in theyear. Little Stsr5 Pre-school recorded a surtAu5 of £17,32712022'. sUruS £4,4371. the finances remaln stron8 wlth cash resources suFfi¢iellt to rneet running CC5ts. At the year end reserve5 amounted 10 £79,37312022.. £62.0461. D¥¥ld Magnu50n IHoft PCC Treasurer) Page 4
EMMANUEL STOUGHTON PCC Report of the Trustees for the Year Ended 31 December 2023 The Tru5tses pre5enl their report with the financial ststements of the Charity for the year ended 310ecerDI)er 2023. The TrustEe5 have adopted the provlsion of the statement of Recommended pratte ISORPI Accounting and Reporting by Charities applicable to charitÈs preparsng their accounts In 3£cordance wlth the Flnancial Reportlng Standard applicable In the VK and Republk gf Ifeland published In Ottober 2019. Background The church is situated atthe ¢rossToadsof Worplesdon Road IA3221 and Shepherds Lane in Stoughton, Guildford. EmNnanuel is the PaTish Church of Stoughton. in the Guildford Deanery and the Guildford Diocese. In the pa5tthe PCC was a charity excepted from registration with the Charity Commission. This excepted ststU5 chènged in 2(X)9 and the church, lik@ m(FSt other rhuTches, is now registered as a separate charity. The rnembers of the PCC are the trustees. Church member5 are encourage(J to support the PCC. PCC Membership Mernbers of the PCC are ef(hef ex officio. orelerted by the Annual Parochial Church Meeting IAPCMI in accordance with the Church Representation Rule5. or cipopted bythe PCC. During the year. the following served as members of the PCC.. . Ex offldo members Revd Thom Jeè Incumbent Revd Rupert Master5 OLM Sarah KinB (to April 20231 Churchwarden Paul Franklln Churchwarden Lil Deutsth Ifrom April 20231 Churchwarden Asator Ghazarians Elected Repre5entstNe or¢ Deanery Synod Mlke Levick (to April 20231 Elected RepresentstNe on Oeanery Synod Andrew Hodson Elected Reprosontative on OeanÈry Synod Natèlie Galer Eleeted Representative on Deanery Synod Lois CDok Elected RepresentstNe on Oeanery Synod PetÈr Downey lfrorn April 20231 Elected Representative on Deanery Synod Richard Horn Llcensed Lay Minlster IReaderl Peter Evans LInSed Lay Minister (Reader) £hoirn7Un VI choir Elected members Nicola Cole Debble Marshall Nlgel McDonald Jarnes Con*old Adam Fox Oi Morris Anthony Cowey Ito April 20231 Rachel Downey Terry Fox (to April 20231 Charlotte Fraser Liz Muston Ito Apfil 20231 Sirnon Ritchie Diane Wakefield Oavid 8uileigh Secretsry Ifroln April 20231 Duane Wrlght Ifrom Aprll 20231 Ctropted members David Magnu50n (TreaSurI Page 5
EMMANUEL STOUGHTON PCC Report ofthe Trustees forthe Year End 31 Detsmber 2023 Office Parish Office. I Shepherd5 ne. Guildford GlJ2 95J Telephone: 01483 561603 Independent Examl Robert Freedman. FfA. 8 Ladyfreld¥ Lou8hton, E55ex IGIO 3RR Bjnkers Lloyd$ Bank, Gat Bookham. PO Box 10(M). Andover. BXI ILT Strn(tuie&8fwemance and m•nJgement The method ol appolntment of PCC fflernbers is set out in the Church Representatlon RLtles. All Church attendeesare evcoura8ed to reglstèr on the Electoral Roll and to stènd for elertion tothe PCC. Commlttees The PCC has several cornmittee5 to which tssks are delegated frorn titneto time. All cornmlttees repjrt to the PCC and can make reComme•n$ tothe PCC %there approval forattion or money is required. ThE Standing Cornmittee. the only committee required by law, ha5 the powerto transact the business of the PCC between its meetings, subject to any direttions given by the thuncil. Thls commlrtee is emwwered to toke duision5 only where tirne constralnts prevent a wider con5ultstion with the vA)ole PCC. The World Missiofi Cornmittee 15 char8ed wlth Infomilng and encOra&n8 support of and partKipatlon In mlssion actlvfjties, both In the UK and abroad. An assockted sub<ornmittee considers applicatlonslor8rant5 from the Mission Opportunitie5 Fund. makln8 re£ommendatK)n5 to the PCC The Finance Committeeo%*rseesthe overall financial position. presentln8 a draft ixjrjget tothe PCC, and making recomrnendatlons at other limes when netr55ary. The PrSChool ILittleStars P1trSc)oI at EtntnanuEI Chvrchl Managefftrt Commlttee oversees the running of the PrÈ-kh(K)l. The FabrK Cornrnittee oversees tn#intenarKe of the buildings and de81s with other prattitsl i5sueswhich &ri5e from the day to day runnln8 of the church bjlldings. The FalrTrade and Coffee Shops Management Commlttee owsee5the running ofthe FairTrade and Coffee 5Ps. The Hardship Committee. whlch oversees the use of the HaTdship Funlt Risk Management The Trustees have a duty to identify and review the risksto whkh theCha¥ity [sexpo and to ensure approprlate controls are In 3cetO prov4de reaSoble assurance acainst fraud and error. The m•jor r95k5to whlch the PCC Is exposed have been revieweil arKI procedures have been e5tabllshed to rnana8e these rtsks. Oblectives and Alms The PCC (Powersl Meagjre 1956 states thatthe Pcc'isto coopeTrte wtth the minlster ITh pronwtlftg Sn the parlsh the whde mission of the church, pastoral, evan8eli5tic. soclal and ecumenlcal.. Our approach i55ummed up in our statement of aim which is'to know Chri# better and to make Hsm better known,. There 15 a 5troTr8 destre to break dovm barriers between church and community. rnlnlsteringto all the whole Gospel of Chrlst in word and ctlon. The Church a150 has respon51bllMI ftpr the mèlntenance and ust of the Par15h Centre. as well as for the upkeep of 12. Grary Close, the Curate's house, 12AGranBe Close and of 81. Worplesdon Road, the Youth Woike¢s house. Page 6
EMMANUEL STOUGHTON PCC Report of the TNstÈes ft*r the Year Ended 31 Decembèr 2023 P4Jblic Benefit The Trustees have had regard to the Charity Commission'sguidance on public benefit. Chwch Membershlp Electoral Roll at APCM 2023 was 325. Attendance Adult5 Children and Young People Week Commenclng: AdL¢lts116+1 at worship on Sundav Additional aduhs attendingweekdav service5 and a£tivitles Children and young peOe èttendlng Sunday SeiCe5,$Unday School andlof children's activities on ndaY Additional number attendin8 weekdav servlces and worship artivities 2023 Sun l Oct 201 61 Weekdays 2- 7 12 Sun 8 Oct 212 51 Weekdays9-14 15 Sun 15 ott 203 51 Weekdty5 16-21 16 Sun 22 Oci 177 Weekdays 23-28 16 Ruth Burlelgh IElertoral Roll OFficerl Re5erye5 p(dlc4 The parish aspires to hold unrestritted cash and cash equivalents in excessof £50.0(N). Thls has not been possible in receottimes. but th the recent 8eTrÈrous legacie5 we have now redressed this position. In addition, the PCC decided somÈwhile ago to acquire freehold property to house the Curate and Ihe Youth Worker aThd In thls way keep down the operating costs. A fuller commentèry on the finances for the year Is set out In the separate Operating Flnanclal Review. written bythe Treasurer. Approved by Order of the Board of Trustees on.. . and signed on its behalf by.. ThomJee- Chairman Page 7
EMMA14UEL STOUGHTON PCC Indèpendent Examinerfs Report to the Trustees of Emmanuel StOU8hton PCC l Teport on the a¢counts forthe yearended 31 DeCeMr 2023 set out on pages to eighteen. Re5pertivt responsibllltbes ofTrusteesand Examh)er The Charivs Trustees are resportybleforthe preparation of theaccounts. TheCharits Trustee5 COTh51dertn an audit is not reqtslred for Ihi5 year lunder 5ectlon 144121 of the Charities Act 2011 (the 2011 ktl and th an IndetRndeDt exarnination is required. The CharlS gr055 intome exceeded £500,000 and l am Qualified to undertakethe examinaliDft by bÈin8 a qualified tnetnber of the ICAEW. It is my respon5ibillty to-. Exatnine the accounts under Sectlon 145 of the 2011 Act To follow the procedures laid dow[> in the GeneTal Directions glven by the Charlty Cornmlsslon lunder Sectlon 14515llbl of the 2011 Actl,. and To state whether particular matters have ¢ometo my attefttion. Bosls ol the Independent examiner's report My exarnination was carried out in accordance wlth the General DIrtiOnS given by Charity Cornrnissioft. An examinatvjn indude5 review of the a¢¢ounting records kept by the Charity and a comparison of the attounts presented with those record5. It also includes consideration of any unusual item5 or dt5c105ures in the accounts. and 5eeklng explanations from you as trustees concernSng any such Tnatter5. The procedures undertaken do not prowde all the eVideCe that would be required in an audit, aytd consequently no opinion is given as to whetherthe accounts we5ent a-true aNJ fair Vie and the report Is 11med to those matters sw out tn the sratement below. Independerrt emamlnels staiemertl In connettion with rny e¥atninalion, no rnatter has come to myattentknn.. 111 Which gNes me reasonable cause to believe that in any material respect, the requirernents To keep aciounting records In accordance with Section 130 of the 2011 kt.. and To prepare accounts whiih accordwith the ac£ounting¥ecordsand to comply wtth the a£countlng requlrements ofthe 2011 Act- have not been rnet.. or 121 To which. in my opinlon. atttIon Should be drawn in order to enable 3 proper understandSTr8 of the ac£ountsto be reacw. Mr R Freedman FCA /I0/24 Page 8
EMPAANUEL STOUGHTON PCC Statemgnt of Financial A¢llvltlos for the Year Ending 31 De¢efflbor 2023 Unr68tricted Rostrktsd Funds Funds 31.12.23 Total funds 31.12.22 Totsl funds INCOMING RESOURCES Incomlng resoure•s from genorntad fvnd Voluntary income Investment income Incomlng rèsourcgs from charitablo •ctivitioS Church 8ctr"vtbès 332,908 1,059 166,123 286 499.031 1,345 377.795 62 122.811 161,607 284,218 210,362 Total incomlng resources 456,578 328.016 784.594 588.219 RESOURCES EXPENDED Charitabl8 activities costs Chuich activibes Support costs Governan¢• ¢0gts 258,130 171,864 1.000 229,955 3.027 488.085 174,891 1,000 436,435 161,092 600 TotAI rosources exynded 430,994 232.982 663,976 596.127 NET INCOMING I IOUTGOINGI RESOURCES 25,$84 95,034 120,618 {9.908) REC014CILIATION OF FUNDS Totsl fund$ broughl forward 817,306 101,374 918,680 928,588 TOTAL FU14DS CARRIED FORWARD 842,890 196,408 1.039,298 918,680 The note5 form part of these financial statements Page 9
EAIMANUEL STOUGHTON PCC Balance Sheet at 31 De¢ernbpr20rJ jL25 Total fvfAs 31.12.22 Totsl funds Funds Funds Notes FIMED ASSETS Tangible fLKed a55ets n6,46S 776,465 779,592 aJRRÈNT ASSETS Stack io 11.353 11.353 8.223 Debtors li $0,513 187 Y).7 45.440 tash at barbk and in hand 31,414 196,221 227,635 119,535 93,280 196,408 289,688 173,198 CLIRRENT LIABILITIES C¥editors.' Amounts falling due wthin one year 12 126,5911 126,5911 CURRENT ASSETS 196,408 263.097 139,382 TOTAiA55ETS LESS CiIRRENT LIABILITIES 843,154 196,408 1,039,562 918,974 NOII-CURRENT UAwimES Creditors.. Amounts falling dl after more thèn one year 13 12641 12641 12YI NETSSETS 196W i.OY9.ty8 918.6 FUNDS Unrestricted funds Restricted fvnds 15 841BX) 196,408 SI7. 101,374 TOTAL FUNDS LOJ9,2 918.6 Thefihan¢Lg1 st&erthtswete approwd bythe Bo¥d ofTrustees aj weresiBned lts behawby.. ThomJeÈ-Ch*rnian The note5form partof these financvdl ststements PaBe 10
EMMANUEL STOUGHTON PCC Statsmenl of Cash Flows for thè Year Ended 31 Docombor 2023 3LU.23 31.12.22 Nèt cash generated by operatln8 activltle5 (Note 161 108.521 110,5051 Cash )lows from Investi acllvltles: Interest 1.345 62 Additions to tiyed asset5 11,7361 116.7671 Net cash used by investing artmtles 13911 116,7051 Cash flows from finan¢in8 actmtles: Repayment of borrowir 1301 Net used by financlng actMtle5 INote 171 1301 Chan8e In cash and cash equlvalents In the ar (Notè 17) 108.10) 127.2451 Cash and tash equlvalents broueht forwanl 119,535 146.780 Cash and cash equlvalents carrfed forward 227,635 119,535 Page 11
EMMANUEL STOUGHTON PCC Notes to the Flnandal Statements for the Year Ended 31 December 2023 AccoupifiNG POUCIES Accounting convention These accounts have been prepared on an accrua15 ba515 and include income and expendtture as they are earned or Incurred, rather than as cash is received or paid. The accounts have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reportlng by Charitle5 preparlng their accounts in accordance with the Financial ReFX)rting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 published In ottober 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Iland IFRS 1021 and the Charities Act 2011. The account5 include all the transactions, assets and liabilities lor which the Church is respon5ibte in law. The Charty constitutes a publsc benefit entity as defined by FRS 102. The Trustees eon5ider thatthere are no material uncertaintles about the Charitrfs abllity to Continue as a goin8 contern. IrKomlng resour$ All Incoming resources a included on the Statement of Financial ActNities when the eharity is legalty entitled tts the income and the amount (Jn be ouantllied with 8$Ofiable accuracv. Planned gi¥in& collections and donations a cOgnised when YeceNed. Tax ¢0¥erable on grft aid donation5 15 ¢08n[sed when the donation is received. Grants and le8acvè5 are recognised as soon as the PCC 15 notrfied of its legal entitlement, the arnount due is quantifiable and the ulmate receipt of these funds by the PCC is reasonably certain. Rent31 income from letting of church pmIses1clElteS Is recogni5ed when the refitsl is due. SeN1$ donated by members of the par15h are nomlIV not Included In the flnanclal staternents. It ts nelther approprlate nor feaslble to evaluate the voluntaryworkdoThe by mernbers of the church. because partidpation in church actlvltie5 is part of what it means to L a Christian and 15 the foundation upon which the min15try and mi55ion of the PaTlsh 15 built. Setvlce5 donated by'out51de' indlviduals and orgaftisations are normally Included In the flnanclal staiemenis. Amountsfor Misslon. Vicarfs Discretion and the Little Stars Pre-school are dealt with as rettrictedfunds. Missionary income ss shown as one f*ure and13 net of expendi(ure. dtje to the number and di¥er5ity of the prolerts. All inctsming resources are accoursted forgross of VAT. ResOue5 expended Expenditure is accounted foron an accruals baslsand has been classifled under headlngsthataggregate all cost related to the category. Donations for missionary and other tharitable giving are accounted for when paid or when awarded, if that award creates a binding obligation on the PCC. The diocesan parish share is accounted for when it is due. All expendlture is generalty recognised when it is incurred and includes VAT. Tangib red assets Ftxedassets do notlncluileconsec¢ated and beftefice property, In accordanTr wlth sectlon Ioofthe Charlties Act 2011. Moveable church furnishings held by the Vicar and church wardens and which require a faculty for disposal are accounted for as inallenable property Ilsted In the church inventory and are not valued In the financial statements. Freehold property is valued at cost andls not depreclated. as property 15 maintained to a high State ol repair. Equlpment used within the church premises is deweciated on a straight line basts over 5 years, Indlvldual ftems wlth a purchase prtce upto f4(Kl are wrn off when a¢quid. IT equipment is deplated at 50% 01 the cosr prlce. Taxatlon The charity is exempt frorn tax on its chadtsble activlties. Fund a(countln8 Unrestrlrted funds are general funds whth can be used for PCC ordlnary purpose5. RestrKted fvnds repsent income which may be expended only on those restritted objects. Page 12
EMMANUEL STOVGHTON PCC Notestothe Flnandal StateMts fay the Year End•d 31 Dec¢mb¥ 2023 VOLUNTARY INCOME 31.12.23 31.12.22 Unre5ts1cted fvnds fund5 Totsl funds Totsl funds Standlng orders Tax efficient giving Income tax recoverable Collechons Sundry donatlons Lotal missioft fund gift day P3rlsh Ops Fund incorne Westborought Park Bèfn Fund income 2.985 207.693 49.232 5.038 11.791 235,184 56.66L 4.735 lQ,434 235,184 56,661 4.735 IOA34 92,920 5.427 92.920 5.427 1,S(X) Le8a£es Grants Missionary Income Hardshtp Fund Incon 10,046 2,8S3 10.046 2,853 57.556 15.647 499,031 10,944 615 70.548 18,949 377.795 57.556 15,647 166,123 332,908 INVESTMENT INCOME 31.12.23 Total fund$ 31.12.22 Total fvnds UntTi£d Resiritted fvnd5 fund5 Dividend5 and interest 1,059 286 1,345 62 INCOMING RES(WRCE5 FROM CHARITABiE ACTlVtriEs 31.12.23 Churth acdvltles 31.12.22 Church activities Fair trade shop Coffee shop ttle StsT5 Pre-sc>01 fees and 5cCndIng Weddin8 and funeral fees Churth complex lettires 16,080 41.379 161.607 4.366 60,786 17,502 28,686 113,031 1.894 49.249 284.218 210,362 Page 13
EMMANUEL STOUGTrrroN PCC Notes to the Financial Statemenls for iheyear Ended 31 Dember 20za CHARITA8LE AcnvmES COSTS 31.12.23 Olrert Costs 31.12.22 Dirt costs Church activities 488,085 436.435 Support costs are as lollows.. Unrestricted fvnds 31.12.23 Totsl fvnds 31.12.22 fvnds Totsl fvnd5 Admlnistrative staff salary Telephone & IT s11pprt Postage arKI delivery Prinft8 and ¢opyin8 Sundry 42.953 5.712 186 710 43,663 5.712 186 35,378 4.939 7.980 132 7.980 132 7,733 115 Dl:11 Complex cleaning ond utilitses Insurance 61,635 7,148 36,837 1.659 4,864 2.732 26 2,317 63.952 7,148 36,837 1,659 52,469 6,725 43,843 1.559 4,991 3.224 20 Repalrs and malntenance Bank charge5 Depreciation of church equlpment Le8al and professlonal fees Mortgage interest 2,732 26 171,864 3.027 174.891 161,092 r>OVERNANCE COSTS UnfestrFrt•d fvnds Restrirted fvnd5 31.12.23 Total fvnds 31.12.22 Total funds Independent examination lee DIr$ements 6(Ml 4CrfI 400 Pale 14
EMM*JIUEL5TOUGHTON PCC Notf5to th¢ Finan¢iJl St•temEnts frKtho Year Ended 31 December Z023 YirLISTEES' REMUNERATION AND BENEFITS The Wicar Ilncumbentl and the Curate 15 paid for by the DI0$e and this cost forms part ol the Parish Share. The Wicar and Curate was reimbursed lor PCC and church expenses paid for personally amounting to £2,840 durin8 the year12022.. £9621. No oiherTrustee5 received any remuneration in the year12022'. nlll. A totsl amount of £371 12022.. £1651 was pald to 2 PCC trusteeslelected members and a total amount of £62812022.. £2,2311 was paid to 2 PCC ex-officio members durlng the year. in relmbursement for PCC and Church costs expended. STAFF COSTS Totsl staff costs amounied to £237,634 for 202312022.. £196,1661. The average nuMrOf staff durin8the yearwas 1912022.. 171. There were no high paid staff in either 2023 or 2022. TANGIBL£ FIXED ASSErs Freehold Churth propertv equlpment Totals COST At l January 2022 Additions 765.958 140,238 1,735 906,196 1.736 At 31 December 2023 765,958 141,974 907,932 DEPRECIATION At l Januèry 2022 Charge foryear 126,604 4,863 126.604 4.863 At 31 December 2023 131.467 131.467 NET BOOK VALUE At 310ecernber 2023 765,958 10,507 776,465 At 31 December 2022 765.958 13.634 779,592 Page IS
EMMANUEL STOUGMTON PCC Notes to the Finamtial St•tem¢nts for the Yeor Ended 31 December 2021 TANGIBLE FIXEO ASSETS- Ccthllnved The freehold properties ¢omprise5 of the Church House located at 12 Gran8e C105e, 12A GranBe Close and the yOh Worker house located at 81 Worplesdon Road. The Church Bulkllng Itself, lotated at Shepherd5 Lane, bein8 Eonsecrated property, 15 not included In rhe financial statements. The PCC Is responslble for the malntenance of the i14d1n8. Church equipment 4nclude5 office equlpmenL computers. printers. photocopiers and church eouiprnent Including Sound. projection 5Y5tem. portab lighTh8 and kitchen equipment. io. STOCK 31.12.23 31.12.22 Stock 11,353 8,223 11. DE8TOR5 31.12.2J 31.12.22 Othw debtors 50,700 45,440 12. CREDifoRS: AMouf4TS FALUNG DUEWITHIN ONE YEAR al.12.23 31.12.22 Mortgage Trade creditor5 Taxation and sodal security Other Creditors 54 9,500 2,634 21.628 33.816 1.736 4.573 20,228 26,591 13. CREDI5. AMOUNTS FAIUNG DUE AFTER MORE ThAN ONE YEAR 31.IZ.ZJ 31.12.22 Mort8a8e 264 294 Amountsfalling due in rnorethan fNe year5.. Repayable by instèlments.. MortgaEe more than 5 year by in#alments 108 161 Page 16
EMMANUEL STOUfjHTON PCC Notes to the Financial Statements for the Year Ended 31 De¢*mber 2023 SECURED DEBTS The following secured debts are IrKluded wlthln credltors.. 31.12.23 31.12.22 Mortgage 318 The mortgage 15 secured on the freehold property of 81 Worplesdon Road. Is. MOVEMENT IN FUNDS Net movement In funds Al l.l.iY At 31.12.23 Unrestritted fvnds Gewal Fund 817.306 18,657 835,963 Westborought Park 8arn Fund Para5h Ops Fund 5,427 25,583 5,427 842.889 817.306 Restrlded lunds Little Stars prschO local mission fund The Mission and Charlty account Icars Discretlonary atcount 62.046 17.327 73,617 4.800 17101 79,373 73.617 42.495 923 37.695 1.633 101,374 9S,034 196,408 TOTAL FUNDS 918.680 120.618 1,039,298 et rrK>vement ITr fuTrls, Included In the ab¢)ve are as follows-. Incomin8 Rèsources Movem1 In vesource5 lunds Unrestrlcted lund5 General Fund WestbDrou8ht Park 8arn Fund Parlsh Ops Fund 449,651 1430,9941 18.657 1,500 5.427 25.583 5,427 456,578 1430.9941 ReIlded funds Little Stars Pr+5chool Loc31 mission fund 161.893 92,920 73.203 1144,5661 119,3031 168,4031 17101 17,327 73,617 The Mi55ion arKI Cha¢lty account Vicars Discretionary account 17101 328.016 1232,9821 95.034 TOTAL FUNDS 784,594 1663,9761 120,618 Page 17
EMTrJWIUEL STOUGHfoN PCC Notes to the Fifwicial Statements for the Year Ended 31 Detember 2023 i& RECONCILIATION OF NET MOVEMENf IN FUNDSTO NET CASH Fl FR&M OPE114MNG ACTMTIES 31.IZ23 31.12.22 14et rnovement in funds 120.618 19.9081 Adlustments for.. Depreciation charges 4.863 4.990 Divldends, interest and niS from Invesiments 11.3451 1621 IntrÈ8sÈ in stotks 13,1301 710 Decrease/l+ncrea5el In debtors 15.2601 12.7921 IDeueasel l increase in creditor5 17,2251 13.4431 Net Cash Pro1ded by (used inl operating actiwties 108.521 110.5051 17. ANAIYSIS OF CHANGES IN NET OEBT At stsrt of year a5h.Ilows At end ol year Cash 119,535 108,100 227,635 Loans fallin8 due wlthin one year IS41 Loans falllng due after motethan one year 12941 1301 12641 TOTAL 119,187 108,070 227,317 i& OTHER FINAf4CIALCOMMITMENTS At 31 December 2023, the PCC still had £9.395 to pay over from the Mission Glft Oay as we had not received the bank details to make rhe payment. This payment Is payable out of ihe Missionary fund. 19, ULTIMATE COPITRIXLING PARTY The PCC is cOntrold by its rnernbers.