ST ANDREW'S PAROCHIAL CHURCH COUNCIL. COBHAM ANNUAL REPORT AND ACCOUNTS YEAR ENDED 31 DECEMBER 2023 Charity Nurnber 1130717 CONTENTS REFERENCE AND ADMINisfRATIVE DETAILS STRUCTURE, GOVERNMENT AND MANAGEMENT OBJEcfivES AND AcfiviTIES ACHIEVEMENTS AND PERFORMANCE FINANCIAL REVIEW RESERVES POLICY STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE ACCOUNTS 7-14 INDEPENDENT EXAMINERS REPORT 15 ST ANDREW'S PAROCHIAL CHURCH COUNCIL, COBHAM REFERENCE AND ADMINISTRATIVE DETAILS St Andrew's Church is situated in Church Street, Cobham, Surrey and is part of the Diocese of Guildford within the Church of England. The corrèspondence address is The Parish Office, Church Gate HDuse, Downside Bridge Road, Cobham, Krii 3EJ. The Parochial Church Council IFCCI is a re8lStered charity number 1130717. PCC members who have served from 1st January to 31 December 2023 were: Vicar.. Chairman Revd Dr Mike Branscombe Assistant Curates Revd Dr Moni Babatunde Revd Charleen Hollington Training Priests Revd Bryan Silletti Revd Tori Sllletti Churchwardens Sam Acquaye Paul Hurrell Lay Vice-chairman Lay Representatives on the Deanery Synod Claire Costard David Greenwood David Taylor Elected members Keith Baird Leonard Beighton Kim Constable Michael Elson Nigel Goddard Malcolm Graham Sue Kilpatrick Tolani Marhn Clive Moorman James Moreno Lynn Moreno Geoff Morris Adam Skinner Carrie Taylor David Tipping Cathy Whitnall Secretary (to April 2023) (from April 2023) (to October 2023) Treasurer Ito April 2023) (to April 2023) Ifrom October2023) Tfeasurer (from October 2023) previously co-opted (from Apri12023J ST ANDREWS PAROCHIAL CHURCH COUNCIL. CO8HAM STRucfuRE, GOVERNANCE AND MANAGEMENT The Parochial Church Council IFCCI is a corporate body established by the Church of En8land ènd operate5 under the Parochial Church Councils (Powers) Measure 1956. The appointment of PCC members is governed by and set out in the Church Representation Rules. oBJE￿IVEs AND ACTIVITIES The primary objective of the PCC is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The PCC is responsible for co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC has agreed a vision statement as folSows= 'To Know, Glorify and Make Christ Known" St Andrews continues to seek to be a Christian community through which all can come to know and accept God's love for them and reflect that love wherever they are. ACHIEVEMENTSAND PERFORMANCE 2023 was a year in which St Andrews continued in its aim to reach out to as much of the wider community as Possible. In accordance with the Church Development Plan presented to the APCM in 2022, a new less formal worship service commenced in Cobham Village Hall with the intent of reaching oijt to residents of the Northwest area of Cobham. Easter saw St Andrews open its doors to the local Ukrainian community, which has led to Ukrainian services being held each month. Other initiatives such as Cuppa and Chat and the Bereavement Journey, along with experimenting with promoting have helped increase awareness of the church and its activities in the local area. Work started on the refurbishment and enhancement of Church Gate House, and a review was conducted to assess appropriate pricing and promotion of the facilities. The enhancements are hoped to make the facilities more desirable as a venue, whilst simultaneously benefitting the core congregation and Biving comfortable, moder and safe space for the church's mission activities. The church produced a budget for 2023, identifying budget holders responsible for different areas of expenditure. The church's financial records were also moved over to a new cloud-based system with the aim of producing live financial information for help with planning, budgets and fundraising. With the energy crisis taking full effect in 2023, the Church's energy bills came in significantly lower than budgeted, helped by the investment in low energy lighting. The energy committee has shopped around and negotiated lower rates for 2024 with a supplier that meets the green energy criteria that the church has committed to, and is also looking at way5 to further reduce its electricity and gas bills and hit its green targets. ST ANDREW'S PAROCHIAL CHURCH COUNCIL, COBHAM FINANCIAL REVIEW Total unrestricted income was £254,437, after deducting expenditure of £252,577, a surplus of £1,860 resulted. This included the receipt of a legacy in the year of £10,422 which hos been designated to fund energy efficient heating controls for the church, subject to the agreement of the executors. It is expected that this investment will pay for itself in reduced heating costs over a period of approximately 4 year5. Regular planned giving intreased in the year to £107,341 from £93,028 in 2022. however total unrestricted income, including tax recovered but excludin8 the legacy, decreased slightly by £11 in the year. The stable levels of Income overthe last 2 years are a marked increase from the pre-covid levels which saw total income of £194,486 and £209,584 in 2018 and 2019 respectively. Interest free loans totalling £60,750 were taken out from parishioners in the year to fund the Church Gate House extension project. Elmbridge Borough Council has given the church a grant of £44,000 from the Community Infrastructure Levy towards the cost of the entrance extension. This will be paid only when the work is complete and shall be used to repay pro rata those who have lent money for the work. St Andrews is a tithing church and, in accordance with its lang standing pracrice, IO% of the unrestricted giving excluding legacies for the previous year, totalling £20,565, was donated to charities with whom the church has connections. £10,596 of the "Never" restricted fund remains from the Gerald Stanford legacy of 2020. The Never fund is to be used for charitable causes, particularly those in which Gerald was involved such as the Chatterbus. The Restricted resetves reduced from £5,354 to £4,619 in the year. RESERVES POLICY The PCC has agreed to maintain sufficient reseNes of not less than six months average unrestricted expenditure to cover emergency situations that may arise from time to time. ST ANDREWS PAROCFMALCHURCH COUNUL CO8￿￿m STATEMENT OF FINANCIALAcfiviTSES YEAR ENDEtJ 31 DECEMBER2023 Total Unrestrfrted Deslanated un￿Strfrted Re¢rlrted Funds Funds F￿d$ Funds Note Total INCOMING RESOURCES Voluntary Income Activities for8enÈratingfund5 Income from investments Inctrme from church activiries Income from othersourtss Totsi ihcomini resources 2a 2b 2c 2d 197684 202 10422 208106 20240 2114C6 219114 17453 138 4821 20240 193KJ 6111 6111 6111 2e 24401S 10422 254437 259)37 257526 RESOURCESEXPENDED Church acrivityes Fund rèisSngcosts Support cost5 Totsl resources usèd 2431 726 1721 244851 726 $218 232569 762 9175 2425( 3c 726 7117 257912 117 5335 1721 252577 Netlncomln8llout80in81 re50urce5 -735 1125 20 TransfersbÈtwÈon fund5 L055 again5t31/lV2021value on sale of investrnents ID NETMOVEMENT IN FUNDS -6759J -735 1125 14133 Balance5 broughtforward 9226 974715 5354 965936 BALANCESCARRIEDFORWARD io 859)29 121546 976575 4619 981194 srANDREWS PAROCHIALCHURCH COLINCIL COBHAM BALANCE SHEET YEAR ENDED 31 DECEMBER 2023 Total Unre5tri¢ted Designated Unrestrlcted Restrittèd Funds Funds Funds Fund5 Note Total FIXED ASSEfs Tangiblé asset5 63 876447 876447 876447 876447 876447 876447 836496 836496 CURRENT ASSErs Debtors Cash at bank l(B27 36836 47663 10827 158382 169209 10827 t63￿1 173828 38612 121362 159974 121546 121546 4619 46 CURRENT UABIUnES -69CBI -69CQI -6￿1 .16401 N￿CURRENT ASSErs -21418 121546 l(J)128 4619 104747 143573 NEfA5S￿5 855029 121546 976575 46 981194 98(￿9 FUNDS Unrestricted Desi8nated Restrirted io io io 855029 855029 121546 855029 121546 4619 981194 922620 52095 121546 4619 4619 5354 98(￿9 8S5029 121546 976575 Approved by the Parochial Church Council on 19 March 2024 and signed on its behalf by.. RevD Mike ranscombe Chairman and Vicar Leonard Beighton Secretary ST ANDREWS PAROCHIAL CHURCH COUNCIL, COBHAM NOTES TO THE ACCOUNTS I. ACCOUNTING POLICIES The ftnancial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities (the application of FRS 1021. The financial statements have been prepared under the historical cost convention except for the valuation of investment asset5, which are shown at market value. The financial statement5 include all transactions, assets and liabilities for which the PCC Is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor to those that are informal gatherings of church members. Funds Unrestricted funds are general fund5 which can be used for PCC ordinary purposes. Designated funds are funds put aside from the Unrestricted funds by the Parochial Church Council for special purpose. They can be returned to Unrestricted funds if the Parochial Church Council subsequently decides. Restricted funds represent donations or grants received fi>r a specilic object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance or) that fund. Incomlng resources Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the income to which they relate is received. Grants and legacies are accounted for when received or when the PCC is legally entitled to the amounts due. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross. Unrealised gains or losses on investments are accounted for on revaluation of investments at 31st December. Resources used Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. The diocesan parish share is accounted for when due. All other expenditure is generally recognised when it is incurred and is accounted for gross. ST ANDREW'S PAROCHIAL CHURCH COUNCIL, COBHAM NOTES TOTHE ACCOUNTS Fixed assets Benefice and consecrated property is not included in the accounts in accordance with s. 1012llal and Icl of the Charities Act 2011. No value is attributable to movable church furnishings held by the churchwardens on special trust for the PCC, and which require a faculty for disposal, since the PCC considers these to be inalienable property. Any expenditure during the Year on consecrated or benefice property and movable church furnishings, whether maintenance or improvement, has been written off. Church Gate House Centre. including the flat and the land on which it stands are valued at cost. No depreciation is charged on these properties but expenditure on maintenance or improvement is written off as incurred. These buildings are subject to an annual impairment review. Equipment acquired for Church Gate House Centre has been depreciated, on a straight line, basis over 10 vears. The piano, the computer and the projector have been fully depreciated. Current Assets Amounts owing to the PCC at 31st December in respect of tax, rent or other income are shown as debtors. srANDREWS PAROCHIALCHURCH COUNCIL COBHAM NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER2023 INCOMING RESOURCES Total Unrestrfded Designated Unrestrlrted Restrlrted Funds Funds Funds Funds Total )22 23 Voluntary Income Planned giving Yellow envelopes and Just Glvlng Income taK recovered Othergiving Family magazine donations loose plate collections Giving through church boxes One-off gift aid gifts One-off non gsft aid gifts Legacies 107341 9502 32653 5380 107341 107341 9502 32653 5380 93028 11713 41332 9502 32653 5380 15 11078 218 27594 3918 11078 11078 218 28994 5818 10422 211406 11)335 315 41830 218 27594 3918 10422 2081(AS 14(Y) 19LX) 10422 197684 10422 33(A) 219114 2b Activltles forgenèratin8funds Social and other events Church Gate House lettings Donations for use of church Otherfunds generated 1196 1196 17654 1196 17654 1282 13599 li 1459 17453 17654 897 493 20240 897 493 493 20240 20240 2c Income from investments Rent from flat Interest and dividend5 193S2 628 19980 19352 628 19980 19352 628 19980 14744 15138 2d Intome from thur¢h actlvltles Fees from wedding5 and funerals 6111 6111 6111 6111 6111 4821 4821 6111 2e Income from othersources Diocesan heating grant Transforming ￿VeS for Good grant 3(KJ 13rJJ 300 13(K) TOTAL INCOMING RESOURCES 244015 10422 254437 259037 257526 ST ANOREWS PAROCHIALCHURCHCOUNCIi COBHAM NOTES TO THE ACCOUN15 YEAR ENDED310ECEMBER2023 RESOURCES EXPENDED Total Unrestrlaed De518nated Unresthcted Restrlrted Funds Fun(ts Funds Funds Not Total 3a Churth Acdvltles Total Giving Parlsh share S&arles aÈr8y housing hosts aer8y and a5515tantstaff eKpense5 Church runningexpen5es includin8 heatin8 Church ma1n1enan￿ and repalrs Altar, cholr, servlce5 and music Publiaty. promotlon and website costs CGH runnin8expenses Indud5n8 heatln8 CGH ￿paIrS keep churd) yard Flat mana8ementchar8es and upkeep Retreat costs Youth, SAYand Sunday sthool Churth in the Communlty costs 3b 2(893 92942 55961 1169 1989 17245 9743 2671 1117 14878 13498 2Q393 92942 272 2U&S 92942 55961 1169 93534 52315 1019 1169 1989 17245 9743 4392 1117 14878 13498 18145 14481 11622 253 1330 1721 5722 1117 14878 13498 13108 675 1950 326 4775 3￿2 658 2594 1418 555 1974 35 35D2 658 4494 1418 2594 1418 555 1974 35 138 325 1555 Community Outreach and TLG expenses Em-committee Upgrade sound system Rebranding Purchase curates house Dèpreciation 2293 35 35 4245 19) 243129 1721 5218 232569 3b TOTALGIVING M5S￿On and rellef Garden Route Childrens Trust QperHtion Mobilisation- Nepal South Sudan University Leprosy Mission Internotional 2CQ 20) 21x) 52LKI 5200 S2(￿1 Horne Mi55lon StAndrews khool A Rocha UK RubyAcquaye's missiontrlp 228 4228 228 4228 272 272 45 Other Chariiies Elmbrid8e CAN s￿ Transforming ￿Ve5 forGood Cobharn Area Foodbank Embrace the Middle East Send Prison Chaplaincy DEC Ukraine Oasis Childcare 11565 11565 11565 Totsl Glvln8 2(Y393 2n 265 141645 io SY ANDREWS PAROCHIAL CHURCH COUNCI4 cO8￿m NOTES TO THEACCOUNTS YEAR ENDED31 DECEMBER 2023 Tglal U￿￿51r1￿ed Designated Unre5trided Re5trirted Funds Funds Funds Funds Total 2022 Sc FUND RAISING COSTS Soclal and otherevents 726 726 n6 752 726 726 726 762 3d SUPPORTCOSTS Parish office Independent examiner Bank tharge5 Printing history books 5780 117 620 620 620 692 1287 117 n17 9175 li ST ANDREWS PAROCHIALCHURCHCOUNal COBHAM NOTES TOThEACCOVNTS YEAR ENDED 31 DECEMBER2023 Total un￿ 5trfLted Designated Unrestricted Restricted Funds Funds F￿ndS Funds 54915 54915 SALARIESAND FEES Staff costs Employer pension tontributions Total 54915 2219 55961 55961 52315 Average numberof employee5 PAYMENT5TO PCC MEMBERS In 2D238 totsl of £6,355wa5 palé to 6members of the PCC as rÈimbursementfor expenses incurred on b2half of the PCC. In 2022, 4rnembers of the PCC received a total of £L945 as reimbursernent for expenses incufred on behalf of the PCC. FIXEDASSEtS Fieehold Land and Ildin 6a TanglbleAs$41s Cost Balan￿ b/fwd ljanuèry 2023 Addltions 6b 43189 759 87%85 401dl 39382 Balance c/fwd 31 Decernber2023 875878 43948 919826 Depredatio Balance b/fwd ljanuary 2023 Charge ltsr year 43189 190 43189 190 Balance c/fwd 31 De￿mber 2023 43379 43379 Net Book Value 31 De￿rnber2023 875878 569 876447 Net Book Value 31 De¢ember2022 836496 836496 Depreclation rate Istr8iEht line methodl 25% Oepre¢iation Depretiation 15 charged so as towrite off the cost of assets. otherthan land and propertiÈs overtheirestim8red useful lives U5ingthe straight line method atthè following rates.. A55et class Fixtures and fittin85 Office Equiprnent 25% 6b Land and buildings Churth Gate House Ipurcha5ed 19641 Church Gate House Centre (h311 and kitchen 19981 Church Gate House Entrance lextension 20231 57 Coveham creS￿nt AdditlDns 43762 312734 43762 312734 39382 39382 39382 875878 12 ST ANDREWS PAROCHIALCHURCH COUNCIL, COBHAM NOTES TO THE ACCOUNTS YEAR ENDEO 31 DECEMBER 2023 2022 DEBTORS Gift aid recoverable Other debtors Prepayments 32958 656 4998 539 3434 10827 38612 BANK AND CASH BALANCES Lloyds current account Natwest current account Natwest deposit account Natwest lunch club account Petty cash 23657 78647 6{￿28 114795 6303 86 178 121362 I63￿1 CURRENT LIABILITIES Prepaid CGH flat rent Credit card Accruals CGH prepaid bookings Spiritual cinema 1336 631 7638 521 3381 535 1122 603 E JJ Accounts payable Pension creditor Agency account Loans re CGH extension 1658 203 5994 337 60750 69081 16401 13 ST ANDREWS PAROCHIAL CHURCH COUNCIL COBHAM NOTES TOTHE ACCOUNTS YEAR ENDED 31DECEMBER 2023 8/fwd Income Expenses P&L Transfer Out Transfer Clfwd 10 MOVEMENTOF FUNDS Unrestrfcted Fund 922620 244015 250856 60750 855029 Designated Funds 8elltowerSaunder5 Legacy M Gifford Fund- CGH garden renewal Never Designated Fund Ray Sherlock Designated Fund- vestments Church Gate House extension MargaretJourneaux' legacy 34778 10596 1721 34778 105% 1721 750 60750 10422 10422 52095 10422 1721 750 121546 Rèstrlcttd Funds Vicars Fund (special projects) Altar Frontal Fund Flag Pole Fund Summeryouth Camps Charitable Appeals Kids Church- Constable neighbour Discretionary Fund Irellef forthe poorl Jenny Vickers- Chasuble Fund Diocese Power Grant Transforming Llves forGood 4476 107 831 107 3645 272 272 25 9￿) 475 3CK) 5354 5335 4619 Total Funds 259)37 257912 f4)79) fKJ750 9811 14 Independent Examlnerfs Report To the PanKhlal Church Councll (PCC) of St Andr￿$ Cobham I report on the accounts for the year ended 31 December 2023. which are set out on pages I to 14. ftespectlve responslbllltle5 of the Trustees and Independent Examlner The charity's trustees consider that an audit is not ￿QUired for thi5 year under sectlon 144121 of the Charities Act 2011 (the 2011 Act) and that an Independent examination is needed. It is my responslbility to l. examine the accounts under section 145 of the 2011 Act.. 2. follow the procedures laid down in the General Directions given by the Charlty Commlssloners In section 145151 Ibl of the 2011 Act. and 3. state whether partlcular matters have come to my attention. Basls of Independent Examlnerfs Statement My examination was carrled out In accordan￿ with the General Directions given by the Charity Commission. An examlnation includes a review of the accounting records kept by the charlty and a comparison of the accounts presented with those accounts. It also includes consideration of any unusual items or disclosures in the accounts, and seekin8 explanatlons from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a fvll aud1( and consequently I do not express an audit opinion on the accounts. Independent Examlnees Statement In mnnection with my examination. no matter has come to my attention: 11 which gives me reasonable cause to believe that in any materlal respett the requirement5 a) to keep accounting records In accordan￿ with s.130 of the 2011 Act. or bl to prepare accounts whlch accord wlth these accountin8 record5 have not been met, or 21 to whlch, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Aidan Crilly BA FCA Wyvern House I Church Road Great Bookham Surrey 23 3PD 13 May 2024 15