REGISTERED CHARITY NUMBER: 1130243 Rèport of the Trustees and UNudlted FinarKial Statemènts for the Year Ended 31 Decernber 2024 EMMANUEL STOUGHTON PCC EMMANUEL STOUGHTON PCC Contents of the Anan￿al Statements forthe Year Ended 31 De¢ember 2024 Page Vicar's Report Ito2 Operating and Flnancial Revlew 3to4 Report of the Trustees Sto7 Independent Examiner's Report Statement of Financial Activities Balance Sheet io Statement of Cash Flows li Notes to the Finantial Statements 12to18 EMMANUELSTOUGHTON PCC Vlcarfs Report forthe Vear Ended 31 December 2024 Our purpose at Emmanuel Is Knowing Jesu5 Better. and Making Him Better Known. We w¥nt everything we dp to expressour core values.. Family, Word and Spirit, and Making Disciples. In 2024 we focus5ed on'GrowlngTogetherf, both eloseras a Church family, and deeper in God's call on OUT lives. Our vefsefor the year came from Rom 12'.4-5.' Just as eoch of u5 hu5 ofte body wlth mony members, ondthe5e mernbers donotollhove thesome Junctlon. 50 in Chrf5t we who oremanyforrn Dné body. ondeoch member belongs io oll theother5. In January, we launched fwr new small groups, integrating new members from the 2023 AIFtha course& We also launched a numberof 'Pod5' le55 structured 8roupsof 3-5 people, meeting in a moreflexible rhythm. for those who couhln'tacre55 weekly small aroups. In September we laurKhed a further two more small groups, drawln8from the 2024 Apha courses. In May, we held OUT 5ecend Church Weekend, with john McGlnley as our gLESt speaker. We ènjoyed time tO8ether asa church family nd heard many stories tsf people ￿lrIg Inspired to step out in faiih. Thi5 then led to our SHAPE course In the summer, and a tirne of Iscerning how G¢xl want5 ea¢h of us to Use the gifts he has given us. In the summer. our second Way Camp lor teeTr3Eers was a great $ut¢ess, and a group of families enjoyed a very Sunny timeat the New Wine festival, with teaching from Ruth Bushyager. We ran four Alpha courses 4Th 2024- in church in Januèry, Sn the vicara8e in May. otst Franclsfor students in September, ond in the church in September. We celebrated eightof oury0￿￿ as they Chose to be baptlsed, a5 well ?5 Wlth Andriy. Ben and Bonlta as they were baptised and Igin￿ the thurch family. We also rejoiced th?t 3t Way Camp in the summer. several ol our Youth Club teenagers met Jesus for the firsttime, and began a journey iowardsfaith. but hève not yet made a firrn commitment to follow him. September was a big rnanth for the church family. We welcomed in a18rEe number of new students and young adults. partitularty at the Gathering. Due to grDWth, our Student & Youn8 Adult grE>up multiplied Into two sepèrate Efoup5. At the same time. we sent teams to plant a new conBreEation at St Clare's underJaTne5 ènd Michele Herrln& and to support Pelumi and valerie AdÈyeml at St Francis. Both thurches are thr￿1￿8 under their new leadÉrship. wlth thÈ first adult bèptlsms at elthèr church in rnany year5 planned for 2025. We welcomed 5everèl new additions to the staff tearn. Sarah King began a new role as Pastoral Lead. and Liz Gunn 85 Parish Chaplain. In SeptembErwe also welcomed Hannah P8rfitt and Sophie Kin8 as our Ministry Trainees, and both have been great additions tothe team. 2024 was a year of transltKJn in the parish offite-Aretla retired tn January. and Sally in February. Mercy Mbagwu was a great 8hft in the officefor a few months but moved with herlamiWio Ba5ingstoke in August, and we were dellghted to appointzoe Connold to replace her in the Administrator iole alongside Ruth Burlelgh. as well as Paulin3 Ritchie a5 Café AssSstant Manager to replice LI￿￿e Ext8ncÈ after she returned to teaching. Lynne Wright contlnued as Café Manager 3nd Diane Hamllton as Preschool Manazer. Melissa Foat continued as Children and Fèmilles Pastor, while our yO￿h Pastor Sarah Morton went on maternity leave in the summer. jonny Lowe cgntinuÈd 8S curote. Jacob Stnith as Worship and Young Adult Pastor, and Nicola Goff 35 our placemwt ordinand and Seniorfs Pastor. Nicky Ashby and Keltoum Zeyouti continued as Our¢￿aners. We celebrated Nicola Cole and thank￿ her for her time as our voluntary Music Co-ordinator. as she joined the Cathedral as their Head of Schools, and in the summer sent our placement ordinand Ra¢hel Clark to her curacy in West Horslev. Paul Franklin and Liz Deutsch continuets aschurch Wardens, until Liz steppÈé down In ottober to become our OpÈratlons Dlrector, to lead the proce55 of unitin8 our parlsh wlth Westborough. They continued to be ably a551sted by Nlgel McDonald and Rachel Downey 45 Si5tant Churchw8rdens. Rev Rupert Ma5ter5 ¢ontlnued In hls stzff role, and peter Evans 2nd Richard Horn as LLMs. David Burlei8h continued as PCC se¢￿tary. David Magnuson 35 Treasurer, Mlke Stevenson as GiftAid Setretsry, and Les Knight a5Ver8er. Duane Wrlght leads our Men'5 Ministry. and Clare Harwood ourWo￿n,S Minlstry. The church continues to priorttlse Safeguardin8 and thls Is a rolllng agenda btem at our PCC meetinBS. We achieved Level 3 in oui Safeeuarding Dashb03rd. At our APCM. Martln ScaThtlebury retired after 10 years as Parish Safe8uarding Officer. and Stephen Schofield took up the mèntle. The knttle Star5 preschool, run by the church, contillue5 to be OFSTEO Outstanding. The team hève worked incredibly hard, spending most of the year understaffed. Great credit Should be 8iven to Diana Hami+ton and Sutsnne H051ett Ideputyhnd their whole team, who eride the year ai full strength ag31n. Page I EMMANUEL STOUGHTON PCC Vkarfs Report forthe Year Eb)ded 311)e￿rnber 2024 The Coffee Shop rontinuesto go from strength io st￿ngth. led by Lynne Wright and Payllna Ritchie and theirwonderful team of volunteer5. t￿1[ church Hardshlp Fund has been L&sed at diffe￿nt t]mes in the ye8rto provlde supw)rt and food voucheT5for14xal famllles. with di#rlbutlon at Chflstrn3s. We have been building deeper relationshlp5 With the famllles we support, culminatin8 in 8 church full of famllles at our December'Boubles and Bounce, event. Natalie Galer and Liz Deutsch are currently leadin8 8 revlew and planned expbnsion of oursorlal action work. which we hope to launch in the future as'Love Your Neighbour., Our main Gtft Day in the year raised £10,729 supported Rachel and JamesSandd5 workin8 With Muslirn younKaduhs in Tirana, Albania. and equipping their new YWAM base In that ¢ty- Wealso ralsed £1.259 at Chrlstmzs forthe Foodbank, CAP, and Matrix. We aregrateful to Simon ftitchie. Simon Oeutsch. and all who have enabled tyjr website, socia1 media accounts, and publicity materials to be ongoing means otgood communication. We have coniinued to produce our'outlook. maga21ne for the congregatioH and iontribute regularly to the lotal Stoughton Pages. Wecontinueto produce our weekly church newsletter. At Easterand Christma5 we produced our Llnk Magaiine which was distributed to all homes in the parish. Llz ané Sirnon Deu¢5th and &mon Ritchie conclL+ded ¥ review of our branding in 2024. which has taken our comm5 up another level. We continue to be gratelul to all of ourvolUntee￿ Ffom the countyngt&m who help steward the rnoney. to the kitchen volunteers week ond week out in the Coffee Shop, and the fab¥lcteam who are ¢on#antEy malntalning the building and ministry staff homes to ensure theyare flt for purpose. Thank you to our muslc, sound and projÈction teams enablin8 our Sunday ser¥ice, along with our wel¢omers, readers, counters, intercessions team, ènd tea & coffee teams. Our Sunday rhildren's and youth 8roup volunteers invest in the next generation, as do our mld-week ministry teamsfor feddie5, ￿d5 ￿1ve. and Youth Club, a5 well asthe Open the Book team and those going into the1ocal schools each week. We are grateful too to our Friendship Club, Here Hearclinic, and Festive Feast teams, who care for the 5enior5 In our communlty, and to our Fairtrade Shop volunteers Worfd Mission Committee. The pastoral team visit and care forthose In need across the week and the prayer tearn uphold ènd support our church farnlly. Thankyou tu all the voluiiieers seen and unseen who pour thelr tlme arKI 8ifts into 6od's church. So mèny hoursfaithfully 5erwng the Lord. It is wonderful to seethe body of Chr*5t joyfully servSn8and worshipping together for HiSEIory. Our church grounds have contlnued to be ca￿d for by thevoluDteer iardenin8 team. and flower arrèn8ement5for OUT Worship area are provided by ourflowerteam he3ded up by Joanle W3tts and Brenda Fox. In addltlon to all of these we have è host of clubs that use our facllitie5 and Serve the community. We ore so grateful to all of th05ewho give th*lr time, energy. $kills and moneyto enable our community at Emmanuel tothrfve, to know Jesu5 better and make Him better known. The legal consulmion for mer8ing parishes wlth WestbDrough and Park Barn continued in 2024, and the interlm committee be8èn draftlng the governance stftjtttsre for theluture parlsh. These will be developed and taken to both PCCS in 2025. and we anticipate legal completion date later in 2025. Thanksto all from Emmanuel who have joined the team5 sent to 511PPOrt 5t Francis ènd St Ujre's. both on ¥n occasional and a permanent basis. Wètching rhÈ steady grDwth of both churches in health and numbers has been a real highlight of 2024. A5 we look forward Into 2025, wecontinue to 8rowtogether as è church family, evofving ourfocus to prayerand di￿lpIeshlp. maklnt space to seek God together and to pray for Him to tnove in Guildford. We also be8ln a tlme of115tenin8 and dlscemlng our next stepsas churrh, a5 we build on all the Lord ha5 been doing among u5. Thom Jee (Wicarl Page 2 EMMANUEL sfouGHTON PCC Operatins and Flnanclal Revlew for the Year Ended 31 DÈcember 2024 Flnan. Cash at bank totalled E32173912023'. £227.6351 ot the year end wlth the mort8a8e outstsndln8 of £l12023= £3181. ThÈsurplus for the PCC unrestricted fund when assessed in greater detail indicates thatthe resutt at the end of theyeir inc5udingthe shop income showed a surplus of £107.23212023.' surplu5 £25,584>, £57,946 of this total Is the Westborough Park Barn antl Parish Ops Funds. The budget figures that the PCC agreed for 2025 Genernl Fund a￿ for a sm811 defieit but thi5 does not include any one off donotK)ns or lega¢ie5. The￿$trietedfUndf18ures4re reyeseTrted bythe Misslonary andcharityfundsthatwere notpaid outdurln82024, theVicar5 Discrellonary actount and the Litt￿ Stars Pre-school fund which recorded a surplus of £1.767 In 2Q2412023.' surplu5 of £17,3271. It isour future obieciive to operate with 5uffiuent fuThd5 in order that operatlng costs could be rnaintained for￿ leasttwo months. Wlth the legacles received and recent perforrnancÈ, the PCC has been a￿e to increase its operating 5urplu5 l¢0ntin8en¢y reserve) compared to last year and have £100,259 in 5awngs accounts. The PCC Is provSded with monthly figures and 5ummar5es on income and expendlture for discussion at PCC meetings. Regular 8ivin8 has incTeased sin¢e last year but we need more givln8 to redu￿ our reliance on one-off donations and ensure we end 2025 in è surplus. The financecommittee tnet to revlÈw the year and m3keforeca5t5for 2025which i¢)di¢atedthatthe financeswould be in a small defiot main due to increased staff cost$8nd other infiatlonary irKreases. 2025 will continue to presenta challenge with the uncertaintyof our tUTrent economlc dlmate and Inevitsble increases in ¢05tsto support the ongoln8 and expanding work of the church In the parish and the community. Maintenance of ihe church compkx buildlngs and the three church houses Is an ongolng expense but ￿￿1[ be offset through renting one of otJT PfOPÈrtles and using volunteer 1abour and expertlse. Unrestrirted Fund$ These conslsts of the Pccgeneral fund supwrtlng the regular work of the parish Church and the malntenance of the parish church and the three houses owned by the parish. The youth Worker, the chlldren and fèmilies worker, the worship and young adult5 pastor, the Ops Dlrector, the adrnini5trat*on staff and the two cleaners are paid direttly from the 8eneral fund, with the Vicar and Curète's salary paid through the Parish Shire contribution. The deslgnated funds of We5tborou8h Pèrk Bam Fund to 5UPPOrt their works ond the Parish Ops Fund, funded by the DicKe5e reducingour parish Share as a re5ulr of u5 5VPPDrtin8 St Francesand St Clare5 both 5how5urplu5e5. Income is reteived throLKqh the direct Eiwng frotn thurch member5 mainly throu8h tsx efficlent glvin8 the tax refund bÈin8 the next mD5t si¥nificBnt income fi£ure. We received legacy Income in 2024 of £14,0831£10.045 In 20231 but legacies must be regarded as special income and not be a55umed in the asse55ment of ipcome in the future. Voluntarylncomelexcludingleeadesl increased in 2024by29%, ond e¥pendItU￿ increased by 6%.Thernajorexpenditureitemsio increase were staff costs, utl11ty costs. coffee shop Costs. and pastoral costs offset 51iBhtly by lower re￿ir and maintenance costs,. with other expenditure items, scme increased and ￿her5 decreased. There were VafiOUS church holidays and outing5 or8ani5ed for young people through to senior citlzens throughout the yeai. The income and expenditureforthe5e isc<)thslderedas a condult fundwithin the Pccaccountlincomenominally equal to expenditure and notaffecting the PCC buslnessl and is shown asa flgure with 4 5rn*ll deficSt for 2024. Page 3 EMMANUEL STOUGHTON PCC Operating and Flnanclal Revsew for the Year Ended 31 December 2024 Theyouth worker house at81 worplesdon Rood doe5 lrtur coststo the PCC but15 ron5idEred a 8ood Investment Compared to reniin& The Coffee Shop trade Improved considÈrably and showed a surplus of £8.10812023.' surplu5 £6,0801, wlth trade recoverin¥ from the impact of Covid. The F8ir Trade Shop deftcitwès £3,132 but is after donation5 of £5,OOD from last year's SUr￿u5{2023'. surplus of £4,9891, donationsto charities are advised by the shop mana8emeni committee a5 agreed by rhe PCL Restrlded Fund5 Missionary income was 7% hl8heT than 2023 whllst givin8 to the Hardshlp fund decreased by 9%. We received £20.736 given to the local mission fund supportin8 our worship wttrks and tover the10st rental income from 12 Grange Close now used by the Curate. All money given to misslon and charity is allocated by church members through giving promlses or through specific allocated gifts. The share of our property rental income w.ven to the Hardship fufid ornounted to £1.414. The Vicarf5 Discretionary Fund which 15 nottontrolled bythe PCC Ibut rerx)rted monthlyl stsnés at £613, with £310 distributed in the year. ttle Stars Pre-school recorded a Surplus of £1,76512023'. Surplus £17.3271. the finènces remain stron8 Wlth cash ￿SourceS sufficient t(F meet runnlngcosts. Attheyear end reser¥e5 amounted to £81,13812023.. £79.3731. Dayld M*8nUS¢)n (Hon PCCTrea5urerl Page 4 EMMANUEL STOUGHTON PCC Report of the Trustees lor the Year Ended 31 Dècèmber 2024 The Trustees present thelr reporr wrth the flnanci615trtetnert5 of the Charily for the year ended 31 Decetnber 2024. The Trustees have adopted the provlsion of the Statement of Recornmended Practice ISORPI Accountlng and Reporting by Charitles appllcable to charities preparing their accounts in accordance with the Financial Reporting StsndaTd applicable in the UK and Republic of Ireland published in October 2019. Batk8round The churih is situated at the crossroads of Worple5don Road IA3221 and g)epherds Lane In Stou8hton, Guildford. ErnrnOn￿I isihe Pèrish Church of Stoughton, in the Guildford Deanw and the Gulldford Diocese. In the past the PCC wa5 a cha¥ity excepted from registration with the Charitycomrnission. Thls excepted statu5 changed in 2009 and the church,1Ske most other churches. is now regiSt￿d as a separate charity. The members olthe PCC arethe trustees. Church members are encouraged to support the PCC. PCC Membershlp Member5 olthe PCC are etther ex officio. or elected bythe Annual Parochlal Church Meetin8 IAPCMI In accordan￿ wlth the Church Repre5entstion Rules, or co-opted bythe PCC. Duringthey@ar. the following served a5 members otthe PCC.. Exoffl¢lo members Revd Thom Jee Revd Rupert hA¥st￿S Paul Franklin Llz Deutsch Asator Ghazariafts Andrew Hodson Nètalie Go Lols Cook Peter Oowney Peter Evans Incumbent OLM Churchwarden Churchwarden Elected Representytive on De$nery Synod Elected Representative on Deènery Synod Elected Representatlve on Deanery Synod Elected Representotive on DeBnery Synod Eletted Representative on Deanery Synod censed Lay Mlnister (Reader) (holrmon VI￿ChOIr Elected member5 Nicola Cole N￿￿1 McDonald J4mes Connold R3r.hpl Dnwney Diane Wakefield Charlotte Fraser Debble Marshall Adèm Fox DI Morrls Sirnon Ritchie Daniel Varad Da￿d BurlÈiÉh ISe£retaryl Duane Wrl8ht Ctropted rntmbers Divid Magnuson (Treasurer) Page 5 EMMANUEL STOVGHTON PCC ReF￿rt of the Trustees for the Yèar Ermled 31 De￿fflbeT 2024 offi Parish Qffice, I Shepherds L3ne, Guildford GU2 9 Telephone.. 01483 561603 Independent Ex•miner Robert Freedman, FCA, 16 KlngleyAvenue. Borehamwood, Hertfordshtre, WD6 4LY Bankers Lloyds Bank, Great Bookham, PO Box IOCQ, Ando¥ef, 8x1 ILT structurei governance and management The method of appointment of poo members Is 5eE out in the Chur¢h Representatlon Rules. All Church attendeesare enioura8Ed to register on the Elettoral Roll and to stand for election to the PCC. Commlttees The PCC has several committees to which tasks are delegated from tlmeto time. All commlttees report to the PCC and can rnake recommendationsto the PCC where approval for artion or money Is required. The Standing Committee, the only committee requlred by law. ha5 the power totransèct the busine55 of the PCC betwÈen its meetin85, 5ubjert to anydirectlons8iven by the Council. This committee is empoweTed totake decisions only wheretime Constraint5 prevent a wider consultation with the whole PCC. The Wodd Misslon Commlttee is charged with infomiing and encouraging support of ènd participation in Mission artivities, both In the UK and abroad. An 3SSOCiated sub-cofflmtllee considers applicationsfor 8rantslrom the Mission Opportunlties Fund. maklng recommefidatlon5 tothe PCC. The financecommittee oversees the overall financial posltlon, presenting a draft budgetto the PCC, and making recommendations at othertimes when netessary. The p￿-s¢￿￿)01 iknttle Stars Pr￿￿h0o1 at Emmanud Church) M3nagemÈnt Committee oversees the running of the Pre-school. The Fabric COMMItt￿ oversees Maintenan￿ of the bulldlngs and deals w*th other prattical Issues whkh arlse from the day ro day runnin8 of the church building The FairTrade and Coffee Shops Management Committee oversees the tunningof the F31r Trade and Coffee Shops. The Hardship Cornmitttt. which overseesthe use ol the Hardship Fund. Rlsk Man4•m•rtt The Trustees have a dutyto Identify and review the risksto whlch the Charity is exposed and to ensure appropriatecontrols are in ￿ace to provide reasonaèleassurance azoinstfrèud and error. The major risksto which the PCC is exposed have been reviewed and procedures ha¥e been establlshed to mana8e these ri5k5. object￿¢$ andAlms The PCC IPowersl Measure 1956 ttates that the Pcc'is to cooperate with the minister in promotlng In the parish the whole mlsslon of the church. ￿5t0[al. evangelistic, soclal and ecumeni¢al'. Our approach is summed up In our statement of aim which is'to know Christ better and to make Him better known,. There Is a 5tronE de5ireto break down barriers between church and comrnunlty. minlsterSng to all thewhole Gospel of Chdst in word and ction. The Church also has responsibil￿t¥for the maintenance and use of the Parlsh Centre, aswell as forthe upkeep of 12. Grange Close, the Curate's house. 12AGrangÈ Close and of 81. Worple5don Road, the Youth Workels house. Page 6 EMMANUEL STOUGHTON PCC Report ofthè Trustees for the Year End•d 31 December 2024 Publlc Benèfft The Tru5tee5 have had regard to the Charlty Commlssion's guldance on public benefrt. Churth Mernber5hSp Electoral Roll ￿ APCM 2024 wa$ 330. Attendance Adults Chlldren and Young People Week Commencln8'. Adult5116+13t worshlp on Sunday Add￿0￿31 4dults 3tteftdifi8weekday services and actiwltSes Children and young people attending Sund8y ser¥Aces.Sunday School 3n(t/or children's artlvitles on Sundoy Additional nurnber attending weekday servlces and worshlp actlvities 2024 Sun 6 Oct 218 Weekdays 7- 12 16 Sun 13 Oct 216 59 Weekdays 14-19 L7 Sun 20 Oct 212 45 Weekdays 21-26 14 Sun 27 Oct 236 50 Weekdays 28- 2 13 Ruth Burlelgh (Electoral Roll Officer) Re¥erves polity The parlsh a5plre5 to hold unrestricted cash and cash equlvalents sn excessof £80,CQO. Th55 has not been posSIb￿ In recent times, but with the recent generous le8acles we have Th)w redressed this p051tion. In addition. the PCC decided sorne whlle ago to aCouF￿freehold propertyto housethe Curote and the Youth Workerand in this wav keep down the Dperating costs. Afuller cornrnentsry on the finances for theyear is set out In the separate Operatin8 and Flnancial Rewew, written by the TreaSU￿r. Approved by Orderof the Board of Trust&s on. - and signed on its behalf by.. Th¢)mJee-Chalrman Page 7 EMMANUEL 5TOUGHTON PCC Independent Examinerf5 Report to the Trustee5 of Emmanuel StOU8hton PCC I report ontheaccounts for the year ended 31 Dttember 2024 set outon pages nineio eighteen. Respe¢tlve respon4blllties of Trustees al￿ EXa￿￿ne￿ The Charitlls Trustees are responsible forthe PTepaf4titrn of the account& The Charity's Trustees Con￿derth3n an audit is not regulredfcr this year lunder section 144121 of the Chariues Act 2011 (the 2011 Act) and that an independent examination is required. Thè Charivs 8roM intDmÈexceeded £srMI.(MIO and l am qualified to undertake thE examination by beln8 a qualified member olthe ICAEW. It is my responsibilityto.. ExamSne the accounts under Section 14S of the 2011 Act To follow the procedures laid %*)wn In the General Dlrectlons glven by the Charty Cornmission (under Section 1451S11tsl of the 2011 Actl. and To state whethef partlcular matters have Come to my attentlon. Basfjs of the Independenr examlnerfs rewt My examination was carried ￿Jt in accord¥nte wlth the General Dlrections given by the Charity Commlssion. An exarnination iN¢ludes a revlew of the accounting records kept by the Charlty and a comparison of the accounts presented with those records. It also indudes consideration Of any unusual items or disclosures in tro accounts, and seeking e¥planatlons from you as trustees concerning any such matters. The procedures U￿ertaken do not provide all the e￿￿ence that would be rÈquired In an audit, and consequently rK) opinion is given asto whetherthe accounts present a.true and fair Vie￿ and the report 15 I￿rnited to those matters set out In the statement below. Independeni •xamlnerfsstatemefit In connedion with tny examination, no matter has come to my attentlon.. 111 Which gives me reasonable cèuse to believe that in any material reSPErt, the ￿qUIreMentS To keep accounting records In a£cordancewith Sectlon 130 of the 2011 Act,. and To prepare accounts which accord wlth the accounting ￿￿Ord$and to comply with the accountin8 requirementsof the 2011 Acl,. have not been or 121 To which. In myopinion. attention sh(MJld be drawn In orderto enable ¥ proper understandln8 of the accountsto be reached. Mr R Fr&dmam FCA Lty /7/15 Page 8 EMPIANUEL STOUGHTON PCC ststement of Flnanclal Actlvltles lor th9 Year Endlng 31 Do¢•mbar 2024 Unrgstrlct8d Fund8 R￿trIcted Funds 31.1124 Total funds 31.12.23 Totsl lunds INCOMING RESOURCES Incomlng rgsoufces from generoted fund¥ Voluntary income Inveslrr*nt Inwne Incoming re80urc•8 frorn charttable ?¢tlvltles Church activities 430,578 4.972 96,367 827 526,945 5.599 499.031 128,000 180,473 308,473 284,218 Total Inc¢)mSng r•sour¢•s 583,550 277,467 841,017 784,594 RESOURCES EXPENDED Charitsble actlvltles costs Ghurch activities Support costs Governance costs 297,390 158,328 298,052 2,338 595.442 160,6e6 6CX) 488,085 174,891 1,orAJ Totsl rnsourc•8 •xp•ndod 456,318 300,410 756,728 663.978 NET INCOMING I IOUTGOINGI RESOURCES 107,232 122,9431 84,289 120,618 RECONCILIATION OF FUNDS Totsl fundB broughtft>rw•rd 842,890 196.408 1.039.298 918,880 TOTAL FUNDS CARRIED FORWARD 950,122 173,465 1,123.587 1,039,298 The note5 form part of these financkil ststements Page 9 EM￿NuEL STOUGHTON PCC Balan¢• Shoot at 31 D￿ty￿b•1 2024 Pthstrlrt*d 31.12.24 31.12.23 Fund5 Funds Totslfvnd5 otss FIXED ASSErs Tangible fixed assets 7￿.200 780.IC 77&465 CURRENT ASSErs Stock Debiors sh al bankand In hand io 8.556 53,591 149.392 &5% 53,709 322.739 11,353 SO.7 li 118 173.347 227.635 211,539 L73.46S 385,rrA 289.688 CURRENT UABlllnES Crediior5'. Amountstslllngdve within c￿e year 12 141,5171 NEf CURRENT A55Ers 170.022 173.465 343.487 263DJ7 TOTALA$5ÉTS LESS CURREt4T UABIUTIÈS 9SO.122 173A65 1.123.587 L039.562 NONtÈ 171 13171 1301 Changè in tash and tash equlvalents in the￿ar IN¢)te 171 95,104 108,1 Cash ond c•sh equiv4lents broughtforward 227,635 119,535 Cash and cash equlvalents Corr￿ fon¥ard 322,739 227,635 Page 11 EMMANUEL STOUGHTON PCC Notos to the Hnantlal Stotements tor the Year Ended 31 De¢ember 2024 ACCOUKflNG POLICIES These account5 have toen prepared on an accruals basis and Include Sncome and expendlture as they are earned or Incurred. rather than as cash is received or paid. The accounts have been prepared in accordance with the St8tement of Recomrnended Prattl￿.. Accountln8 Reporting b¥ Charftles preparing their J¢counts in accordance the Financial Rewrtins Standard ap￿lta￿le in the UK and Republlcof Ireland IFRS 1021 publlshed In October 2019, the Flnanclal Reportln8 Standard applicable In the United Kingdom and Republic of Ireland IFRS 1021 and the c￿lTItieS Act 2011. The accounts Include all ihe iransactlon5, èssets and Ilabilitles for whlth the Church 15 responsible in ￿w. The Charity constY£utes è public bÈnefit errtity as defined by FRS 102. The Trusteescon5ider thèt there are no materlal tsncertaintie5 abtyjtthecharltls abllltyto Conun￿ as 8 Eoing CO￿ern. Intomlnff resourceg I In¢omin8 resources are Included oft the Statement of Financlal Actlvltles when the charfty is legalty entttled to ihe Income and t amountcan be quantlfied with reasonable accuraw. PlantEd wvin& collectlon5and donatlons a￿ rÈcognised when received. Tax recoverable on 81ft ald donatlons Is recognised when the Ination is recelved. Grants and legaclesare recognised as soon as the PCC Is Tho¥fied of its leEal entitlemenL the omountdue is quant￿la￿eènd the ultimate receiptof these funds bythe PCC is rea$￿¥b￿ certsin. Rentsl Incorne from lettin8 01 church prerni5es/fadlities Is ￿¢0£n[Sed when the rental isdue. Se￿(es donated by members of the porlsh are ￿rmalty not Intluded the financlal statement5. It Is nelther approprlate nor fea51ble to ewal￿atetheVolunt3ryw0rk done by member5 of thechurch, because ￿rtIcIpatIOn in church artivitie5 Is part of what It meansto be Chrlsttan and is the foUndat￿n upon which the rnlnistry and mi5siM of thE parish 15 Ixjitt. Servlce5 don￿ed by'gut$ide' inrfividua15 and organisatforts are normally Included In theftntyntial staternents. Amountsfor mi￿0￿. Vlcarfs Discretion and tho L￿1* stars Pre-Sth00l are deah with as restricted funds. ￿l￿onary Income sh¢)wn a5 Or￿ figyre and is net of expendlture, dueto the numberand dlversfty of the project I Incoming ¥esource5 are accounted forgrossof VAT. Rewur¢es•xpended Expenditurè 15 accounted foron an accruals bgslsand has b&n clas5rfied under headlny that ag8re8ate¥ll c05t related tothe category. Donatlons for misgonory ond other charitable gfvlnB are accounted for when paid or when awarded, If that award creates a blndlng obligation on the PCC. The diocesan parish Share ¢5 accounted for when it Is due. expenditure 15 generally recognised when It Is incurred and IncludesVAT. T¥ngible Ilx•d assets Fixedassetsdo not indut5ecDTrsecratedand beneficeproperty. in occordancewith section Ioofthe CharitlesAtt2011. Mo¥eable church furnlshlngs held by the V*car and church waidens aTrd which requsre a faculty for di5POsal are accounted fo¥ as iDalEnable property lIst￿ inthe church Inventory and a￿ notvèlued Inihe financial statement Freehold property i$valued at co# arKI Is N)t depreciated, a5 properry Ismèlntalned to a hl8h state of repatf. Eowpment used withln th2 church premise5 15 depreclated ona stralght Ilne b8sIs over5 yeays indlvidual iternswith a purchase price up to £400 are wrltten off when 3cqulred. IT equ4pment Is depreclated at 50% of the cost prl¢e. Taxjtlon The charityis eKempt from tax on Itscharitsble aCti￿tIes. Fund o¢countlnK Unrestricted funds are general funds whlch can ie used for PCCo¥dlnary purposes. Restrfcted funds repre5eM Ir￿(￿ne wh￿th may be expended onty on those restrkted objects. Pa8e 12 MMANUEI STIXIGHT014 PCC N￿e$l0 the Flnandal Statements torthe Year Ended 31 OKember 2024 VOWNfARY IfKQMe 31.12.24 31.12.23 Vnrestrftted funds Re*rfrted l￿d$ Totalfvnd$ Totsl funds Stsndingorders Tax eff￿le￿t8iVlnB Intometsx recovefable Collections 3,7S8 244,155 59.398 3,485 23.540 3,758 244,155 59,398 3,485 23,540 20,736 25,029 6,068 235,184 56.661 4,735 10,434 92,920 5.427 Sundry donatbns Local rnis5Dn fuThJ 8ift day Pèrish Ops Fund income We5tborou8ht Path Barn Fund income Leg8cies Grants Mlssionary Income Hardship Fund Income 20,736 25,029 51,50Q Si.500 1.5(K) 14.083 S,630 14,083 5.630 61,316 14,315 526,945 10,046 2.853 57,556 15,647 499.031 61,316 14.315 96,367 430.578 INVESTME￿ INCOME Ji.U.24 Totsl 31.12.23 Total funds ilnrestricted fvnd5 Restrirted lunds Dlvldends and Interest 4,972 627 5,599 1,345 IIKOMIN6 RESOURCES FROM CHARIT￿LE AcnvrnES 31.12.Z4 Churth •dlvltle5 31.12.23 Church activities Fairtrade shop Coffee shop Stsr5 Prtrschool fee5 and SCCfundin8 Weddingand funeral tees Church cornplex lettin85 17,147 48.436 180.473 5.597 56.820 16.080 41.379 161.607 4.366 60,786 308,473 284,218 Page 13 EMMANUEI STOUGHTON PCC ￿￿0%10 the FlnandaS Statements fortheyewr Ended 31 December 2024 CHAR￿ABlE AcnvmESCOSTS 31.12.24 Dtrect Costs 31.12.23 Dire£tCQ5ts Church actlvlties 595,442 488,Q85 Support costs are as follow5.. Uhrtstrfcted funds Re5trf¢ted funds 3L12.24 Totsl funds 31.12.23 Total funds Adminlstratlve staff salary Telephone & IT 5YPPOrt ostsgeand delivery Prfntlngand wpying Sundry Complex deanin8 and ￿￿lItieS Insurante 39,963 6.306 114 4,598 233 39,963 6,306 114 43,663 5,712 186 4,598 233 7,980 132 56,960 7,360 34.212 2.026 5.564 967 25 2.358 59,318 ?,360 34,212 2,026 5,564 967 25 63.952 7,148 36,837 1,659 Repairs and malntenan¢e ank charge5 Depreciation ol rhuTch equipment Le6al ènd professional fees MortBa8e Interest 2.732 26 158.328 2,358 160.686 174.891 GOVERNANCE cosrs Unrestritted lunds Re5trlr¢ed 31.12.24 Total funds 31.12.23 Total fund5 IrKlependentexaminatiDn fee Disbursements 600 4CM) page 14 EMMANUEL STOUGHTON Pct Notèsto the Flnart¢lal Statements forthe Year Ended 31 Decembw Z014 TRUSTEES, REMLJNERATION AND BENEFITS The Vichr Ilncumbentl 4nd the Curate is ￿ld for by the Llocese and this Cost form5 Part of the Parish SharÈ. The Vicar and Curate was reimbursed for PCC and rhurch eXt￿n$e9 pald for personally amountlng to E4,863 duringthe year12023.. £2,840). No other Trustees received any remunera¥on in the Y￿rI2023.. Thill. Trustees, expenses A total amount of £nil12023.. £3711 was pald to 2 PCC tW5teeslelerted Thember5 and a totsl amount of £1,979 12023.. £6281 was paid to 2 PCC ex-officio members durtng tho year, in reimbursement for PCC and Churth £05t5 expended. STAFF COSTS rot315tsft costs amounted to £270.631 for202412023.. £237,634). The average number of stsff dursog the yeaiwa5 2112023.. 191. There were no hi8h paid staff in either 2024 01 2023. TANGIBLE FIXED AsseTS Frt*hold Church propÈrty equlpme17t Totals COST At l January 2024 Additlons 765,958 141.974 9,198 7.932 9,198 At 31 tyetember 2024 765,958 151,172 917,130 OEPRECIATION At l Janu3ry 2024 Charge foryear 131.467 S.563 131,467 S.563 At 31 December 2024 137,030 137.030 Nrr BOOK VALUE At 31 December 2024 765,958 14,142 780,1 At 31 Cecember 2023 765,958 10,507 776,465 PJBe IS EMMANLIELSTOUGHTON PCC Ilotesto the FIna￿lI1 Statements for the Year Ended 31 Oecember2024 TANGIBLE FIXED A55EtS- Collllnued The freehold properties comprise5 of the Church House li**ed at 12 Grange Cbse, IZA Grange Close and the Youth Worker heuse located ai 81 Worplesdon Road. The Church Building itself, locoted al ShÈpherds Larte, being tonsect8ted woperty. Is not Included In the flnanclal statements. The PCC is respDnsible forthe rnalntenance of the buildin& Church equiwnent includes office equipmÈnt. Computers, printers, photrthplers and church equlpment induding50undi projection sy5temt portab￿ li8htingand kitchen equipment. 31.1124 31.12.23 Stock 8,556 11,353 11. DEBTORS 31.1124 31.12.23 Other debtors 53,709 50,700 CREDifoRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Mortgage Trade creditors 11,697 4,ffi1 25,758 41,517 1.736 4.573 20.228 26,591 TaXat￿n and 50cial Security Othercreditors IJ. CREDThORS.. AMOUPIT5 FALUNfj DUE AFTER MORE THAN ONE YÉAR JI.IZ.24 31.12.23 Mortga8È 264 Amounts f311in8 due In rnorÈ than five years.. Repayable by instalments.. MortEaEe more than 5 year by instalrneftts 108 Page 16 EMMANUELSTOUGHTON PCC Notés tothÉ Flhamdal Statrmohts ILY the Year Ended 31 Oe(•mber2024 14. SECURED DEBTS The fol￿ng$eC￿red debts are Incl￿￿￿ wlthin Creditors.. 3L12.14 31.12.23 Mortga8Q 318 The mort8a8e is secured on the freehold property of 81 Worplesdon Road. MOVEMENT bN FUNDS Net movement In lund At 1.1.24 At31.12.24 Unre5Vlrted funds General Fvnd we5tt￿rOU8ht Park Bam Fund drish Ops Fund 835,963 1,50D 5,427 842,890 49.287 32,916 25,029 107.232 885,250 34,416 30.456 950.122 Re5trittedfunds ttle Star5 Pre-school Local misslon fund The M1551on and Charity account Vicèrs tiscretionary account 79,373 73,617 42,495 923 1,765 118,8801 15,5181 13101 81.138 54,737 36.977 613 196,408 122.9431 173.465 TOTAL FUNDS 1,039,298 84.289 1,123.587 Net movement in lunds. induded In the above are as follow5.. Incomlng *¢sourees Reswrre5 Mov@meftt Iri expended fu￿$ UnreS￿eted fvhds General Fund Westborou8ht Park 8afn Fund Parish Op5 Fund 487,021 51,500 25,029 563,550 1437.7341 118,5841 49.287 32.916 25,029 107,232 1456,3181 Re5trictedlvnds ttle Star5 Pr￿SchOOl Lotal mlsslon fund The Mission and Charity account Vicar5 Oi5crÈtianary account 181,100 20,737 75,630 1179.3351 139.6171 181,1481 13101 1,765 118,8801 277,467 1300,4101 122,9431 TOTALFUNDS 841,017 17S6,7281 84.289 Page 17 EMMANUELSTOVGHTON PCC Notes wihe Flnandal S1atements forthe Year Ertd￿ 31 O*t•mbei 1024 16. RECONCILIATION OF Ntf MOVEMEpif IN FUNDSTO NEf￿$4 FLOW FROM OPERATING ACTMTIES 31.12.24 31.12.23 Net movement In funds 84,289 120.618 Adjustments for. Depreclation charges 5.563 4,863 Dfvidends, interest and rents from investments 15,5991 11,3451 Decrease/lincreasel in stocks 2.797 13.1301 Ilncreasel In debtor5 13,LK191 IS,2601 Increaselldecreasel In creditors 14.979 Net cash provided by operatingoctlwt￿s 99,02 lQ8.521 17. ANALYSIS OF CHANGES IN NEf DEBT At thrt ol y*ar Cash41ows At end of yeai Cash 227,635 .104 322,739 LoaTrsfalliTig within oneyear 53 Loans f811in6 d￿ after more than oneyear 12641 264 TOTAL 227,317 95,421 322,738 OThER FINANaALCOMMIYMENTS At 31 December 2024, the PCC still had £6.095 to pay over from the Mission Glft Day a5 we had not retrived the bBnk details to makethe payment. Th55 payment Is payable out of the Missionary fund. 19. ULTIMATE C014TROLUNG PAfiTY The PCC Is controlled by its members. FUND DEfAILS The Unresth¢tÈd Fund Is the PCC fjeneTa1 account whlch Include5 housepartylholldays a5 4 r￿t fl8ure IthE5e beSn8 considered as incornèlexFeThdlture which is not dlrecdy 3950ciated wr