2024-12-31-accounts

Church of the Good Shepherd, Brighton

Charity Registered Number - 1131188

Annual Report and Financial Statements of the Parochial Church Council

For the year ended 31[st] December 2024

Vicar The Revd. Alice Smith 272 Dyke Road BRIGHTON BN1 5AE

Banks

Santander UK plc and Barclays Bank plc

Independent Examiner TC Group The Courtyard Shoreham Road Upper Beeding West Sussex BN44 3TN

The web site of this Church is www.goodshepherdbrighton.org.uk

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Parochial Church Council of the Church of the Good Shepherd, Brighton

Contents Annual Report Report of the Independent Examiner Statement of Financial Activities Balance Sheet Notes to the Financial Statements (Including Statement of Cash Flows) 10 Year History of Selected Items of Income and Expenditure	Page No
	3 9 10 11 15 26

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Parochial Church Council of the Church of the Good Shepherd, Brighton

Annual Report for 2024

Administrative Information

The Church of the Good Shepherd is situated in Dyke Road, Brighton. It is an independent charity and a part of the Diocese of Chichester within the Church of England. All correspondence should be addressed to the Incumbent, the Revd. Alice Smith, at The Vicarage, 272 Dyke Road, Brighton, BN1 5AE.

During the year the following served as members of the Parochial Church Council (PCC) and as Trustees:

Vicar: The Revd. Dr Felix Mascarenhas – Chairman [retired April 2024] Associate Vicar: The Revd. Dr Mathew Philip Reader: Mr Michael Miller Church Wardens: Ms Patricia Jackson – Vice Chairman, then Chairman from May 2024 Mr Errol Ganpatsingh [retired May 2024] Mrs Patricia Hunter [from May 2024] Deputy Church Wardens: Mrs Sarah Thomas

Representatives on the Deanery Synod:

Mr Martin Cruttenden Ms Pauline Grimstone Mr Michael Miller Mr Aidan Wallis

Elected members:

Ms Yaa Asare [retired May 2024] Mr Richard Aynsley-Smith Mrs Honor Banerjee Ms Louise Hotchkiss [retired May 2024] Mrs Marian Hughes Mr Peter Rose [from May 2024] Ms Augustina Tetsola [retired May 2024] Mrs Sarah Thomas Mrs Sally Walker Mr Michael Wilsdon [from May 2024]

The following members of the PCC retired/deceased in 2024

Ms Yaa Asare Mr Martin Cruttenden Mr Errol Gatpatsingh Ms Louise Hotchkiss The Revd. Dr Felix Mascarenhas Ms Augustina Tetsola

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Aims and Purposes

The primary aim of the PCC of Church of the Good Shepherd (in the city of Brighton & Hove) is to promote the work of the Church of England in the parish. The national mission of the church – pastoral, evangelical and social – is the responsibility of the PCC and in co-operation with the incumbent, uses the parish structure effectively to achieve this and in doing so it provides a benefit to the public by

• Providing facilities for public worship, pastoral care and spiritual, moral and intellectual development for all who wish to benefit from what the Church offers.

• Provide practical support and care for people in the parish regardless of faith and irrespective of need and/or ability to pay.

• The promotion of Christian values and service by members of the Church, within and outside their local community, to the benefit of individuals and society as a whole.

Additional current objectives agreed by the PCC/Trustees for 2024 include:

• Leaving a legacy for generations to come by considering/evaluating projects connected with fabric of the church

• Preaching a theology and mission to the ‘modern’ world, aimed at younger people, and without the concepts and terms of centuries past.

• To appoint a Youth Leader, after receipt of a grant from the Community of St Denys’ and after the induction of the new Vicar, on a three-year contract for the parish. The parish is very grateful to the Trustees of the Community of St Denys for this generous support.

In working to achieve these objectives, the PCC has initiated and continued the following activities during the year -

Following the retirement of Fr Felix in April 2024 the work of the parish fell predominantly on 4 individuals; the Associate Vicar (Fr Mathew Philip, Lay Minister (Michael Miller) and the two Church Wardens (Patricia Jackson and Patricia Hunter). It is a tribute to their hard work, endurance and commitment that the parish continued as though there was a Vicar in charge. The congregation is very grateful for all that they have done. Many priests shared their ministry with the parish during the interregnum; four in particular were ‘regular’ visitors – the Revd Emma Ham Riche, the Revd Michael Maine, the Revd Steven Foster and Canon David Stone. Their support and ministry is and was very much appreciated.

All major festivals were celebrated in 2024, study groups (Year of the New Testament) were held in Lent. Other events included Hymns and Pimms, Fireworks and in a particularly busy December there was the Christmas Tree Festival and evening services – Carols Among the Trees, Light up a Life and the Festival of Nine Lessons and Carols.

The use of software allowing services to be broadcast to those unable to physically attend has continued throughout the year.

Some meetings of the PCC, standing committee and sub-committees (when needed) have also been via the internet.

The church has continued to sponsor, from its Youth Fund, two students from the Young Actors Group, who otherwise could not have participated. In 2024 fund-raising (and following a successful Christmas Fair) monies were raised to support three charities one international (Lepra), one national (National Deaf Children’s Society) and one local (Brighton and Hove City Mission). The Good Shepherd continued to financially support Kidz Klub Brighton & Hove as well.

When possible, during the year donated goods are taken to the local Brighton Food Bank, which is run by Brighton and Hove City Mission.

A quinquennial survey was undertaken by the Parish Architect, Mr Jonathan Cerowski, during the year; there were no critical and/or urgent matters raised though the issue of water ingress on the bell tower roof and the flat roof of the sacristy are high on the fabric agenda for 2025.

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During 2024 and with the help of another local charity (Kidz Klub Brighton & Hove) the Good Shepherd youth club has run during term time. Aimed at young children (aged between 7 and 11) and on a Friday evening the numbers have fluctuated throughout the year and the hope is that they will grow in the year to come.

The hall and church facilities are offered free to charities and voluntary groups such as the Brownies, Reigate Road Residents Association and McMillan Nurses when used it in 2024.

The PCC is very grateful for the unpaid and continuing hard work of its many volunteers who are involved at every level in activities of the church – often amounting to hundreds of hours.

Achievements and Performance

Church Attendance

There are currently 113 (123 in 2023) parishioners on the Church Electoral Roll, of whom about one third are not resident within the parish boundaries. The average weekly attendance was 63 but this number increased at festivals.

Review of the year

• (i) The full PCC met five times during 2024. Committees and sub committees met between meetings and reports of their deliberations were received by the full PCC and discussed where necessary.

Attendance at PCC Meetings	Attendance at PCC Meetings	Attendance at PCC Meetings	Attendance at PCC Meetings
	(i)	(ii)	(iii)
The Revd. Dr Felix Mascarenhas	2	1	All committees
The Revd. Dr Mathew Philip	5	4	(a), (b), (c), (f),and(k)
Mr Michael Miller	5	5	(a), (b), (d), (k)and(l)
Ms Yaa Asare	2	2	(f)
Mr Richard Aynsley-Smith	5	4	(a) and(c)
Mrs Honor Banerjee	5	3	(f)and(l)
Mr Martin Cruttenden	2	1	(a), (b)and(c)
Mr Errol Ganpatsingh	2	2	(a) and(c)
Ms Pauline Grimstone	5	4	(f)and(l)
Ms Louise Hotchkiss	2	1	(e)
Mrs Marian Hughes	5	4	(b)
Mrs Pat Hunter	5	5	(a), (c), (g)and(l)
Ms Patricia Jackson	5	5	(a), (c), (d) (g),and(l)
Mr Peter Rose	3	2
Ms Augustina Tetsola	2	0	(d)
Mrs Sarah Thomas	5	5	(a) and(b)
Mrs SallyWalker	5	3
Mr Aidan Wallis	5	4	(l)
Mr Michael Wilsdon	2	2	(c)

Notes to Table

• (i) Maximum attendance possible

(ii) Actual Attendance (iii) Membership of Sub Committees (a) Standing (b) Worship (c) Fabric (d) Safeguarding (e) GS Festival and Fundraising (f) Mission, Outreach and Publicity (g) Social (k) Pastoral

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(l) Kidz Klub

Other non-PCC members of the congregation also sit, by invitation, on the sub committees.

• (ii) During the year 5 funeral services were held in the church, 5 children were baptised, and 4 sets of banns were read. There were 4 internment of ashes services during the year.

• (iii) The Church in 2024 is being used predominantly, (during term time) daily by both voluntary and commercial organisations.

• (iv) Communication with homes in the parish (circa 3,300) was maintained by the distribution of a newsletter/card at Christmas and Easter.

• (v) At the end of April, the parish gathered en masse to say farewell to Fr Felix and Susan who had been with us for over 18 years; a much-loved parish priest to whom the congregation is immensely grateful for his ministry over time.

• (vi) The parish produced a parish profile for a successor to Fr Felix and for the first time sought the views of worshippers to input into the profile before appointing 2 parish representatives to undertake the selection process. In October 2024 the appointment of The Revd Alice Smith as the new Vicar was announced to be joining the parish in early 2025.

• (vii) The Mission Action Plan for 2024 included the following objectives most of which have been partially or in full –

• (a) To appoint a Youth Leader on a three-year contract; this was delayed, on the advice of the Archdeacon, until a new Vicar was appointed.

• (b) To leave a ‘legacy’ for future generations – in the form of 3 possible fabric projects in the church.

Financial Review

• (i) Across all funds the surplus of income over expenditure was £41,627. For the General Fund (the main operating fund of the church) there was a deficit of £40,282 (in 2023 it was £13,958); this deficit will be covered by transfers from the Church Fabric, Hall and Reigate Road Funds.

• (ii) Overall Planned Giving in 2024 increased by £11,545 when compared with 2023; the substantial increase was due to the funding, of major repairs to the organ. General giving declined as the parish suffered from the loss of 5 regular donors. Cash collections fell by £5,371 reflecting reduced numbers in the congregation during the interregnum.

• (iii) During the year two major funding activities occurred. Three individuals sponsored the repair work on the organ and with the generous help of matched funding just shy of 40 individuals raised slightly over £18,000 to clear and undertake internal work in the Vicarage. This generosity is very much appreciated.

• (iv) The first tranche of the grant (£33,000) from the Community of St Denys was received; the monies have been placed on deposit and the income classified in a restricted fund in accordance with the terms of the grant – namely the appointment of a Youth Worker for up to 3 years.

• (v) Overall expenditure has risen by £78,966 year on year – 90% of that uplift being accounted for by major repairs and maintenance- namely a new roof at Reigate Road (£23,406), Organ repairs of (£17,050), electrical work in the church – (£6,142), re-sanding the hall floor – (£6,800) and finally work in the Vicarage - circa £18,000.

• (vi) One legacy of £5,000 was received from the estate of a former Vicar – the Revd Geoffrey White. The church was also notified in writing that a further legacy, of £50,000, from a former parishioner, Martin Cruttenden, would be payable when circumstances allowed.

• (vii) There were a number of special collections during the year; these were all connected with funeral services and/or appeals for charities where the intention was specific and limited.

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• (viii) The largest single item of expenditure in 2024 was the sum £81,445 paid to the Diocese to cover our parish ministry costs. This covers the cost of stipend, housing and pension costs of the parish priest, a standard sum for diocesan central costs, clergy training and a contribution to national church funds. In 2025 this parish has been asked for a 3% uplift on the 2024 value and will do its utmost to meet this.

• (ix) Overall grant giving was £6,321 in 2024; as there was no patronal festival the major activity was the Christmas fair raising a gross figure, before expenses, of £4,603. Of this £2,100 will be distributed to the three charities nominated for 2024.

• (x) Full details of the parish’s income and expenditure are to be found in the financial schedules – on pages 10 to 25 and on page 26 there is a 10-year schedule of selected items of income and expenditure.

Reserve Policy

• (i) It is PCC policy to maintain a reserve on the unrestricted funds sufficient to meet up to approximately 12 months of this parish’s liabilities and commitments; at the end of 2024 only just over 82% of the reserves were available and the PCC acknowledge that this shortfall needs to be monitored.

• (ii) The standing committee reviewed all the unrestricted fund balances in 2024 and satisfied themselves that these balances are held for known future expenditure and/or until events outside the control of the Trustees are resolved and/or that the balances were too small to be significant and/or material.

• (iii) The PCC agreed that the deficit on the General Fund would be covered by transfers from the Hall Fund and Reigate Road Fund.

• (iv) The original expenditure having been capitalised the movement in the candle display case, chair and boiler funds reflects the cost of depreciation charged.

• (v) It is PCC policy to invest fund balances with

• Barclays Bank plc

• Santander Bank plc

• CBF Church of England Deposit Fund

• Church of England CIFM Investment Fund

• M + G Charifund Equity Fund.

Future Plans

• (a) The recruitment of a new Vicar

• (b) To employ a Youth Worker over 3 years.

• (c) In terms of a spiritual/pastoral to further engage with the surrounding community especially those in particular need.

Structure, Governance and Management

Membership of the PCC is determined under Church Representation Rules and consists of certain ex-officio members (the Incumbent, Associate Vicar, the Churchwardens and members of the Deanery, Diocesan or General Synods and up to nine members of the Church who are elected (three per year and for a three-year term) at the Annual Parochial Church Meeting (APCM). Members of the congregation are warmly encouraged to stand for election to the PCC and we try to ensure a balance of skills and experience where possible.

The PCC members as Trustees are responsible for a wide range of matters affecting the parish, including worship (advisory), mission and outreach as well as compliance with health and safety, disability legislation and safeguarding. In their capacity as trustees, they are also responsible for the stewardship of funds and for appropriate accounting and reporting of the parish finances. The PCC works to ensure that each member of the committees is equipped to fulfil their role. The PCC’s Secretary and Treasurer are elected at the first meeting of the PCC each year. The Churchwardens, Secretary and Treasurer attend courses run by the diocese on their particular work. Regular

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communications from the diocese keep these officers up to date with changes in church regulations and financial procedures and these are reported to the PCC as appropriate. The PCC is responsible for ensuring that a Disclosure and Barring Service search is conducted on all those who work closely with children and vulnerable adults in the church.

The nine sub committees that report to the PCC are - Standing Committee, Fabric, Safeguarding, Good Shepherd Festival, Mission and Outreach, Worship, Social, Pastoral and Kidz Klub.

Standing Committee:

This is the only committee required by law. It has the power to transact business of the PCC between its meetings, subject to any directions given by the PCC.

Worship Advisory Committee:

The Worship Advisory committee attends to matters relating to Ministry of the local church to the community and the world, such as ecumenical links, evangelism and the support of mission and relief agencies. Its remit also extends to matters related to advising the Vicar regarding church services and liturgical matters etc.

Mission and Outreach:

This committee’s remit seeks to involve not only the worshippers of the church but all those who live within the parish boundaries and those who see the Church of the Good Shepherd as a place of worship and centre of activities that may be of interest to them.

Fabric Committee:

The Fabric committee attends to the management and control of all activities in church properties and matters relating to the stewardship of the church’s assets, such as church buildings and fabric, the church grounds, the church hall, and the house at 56 Reigate Road, formerly occupied by a curate.

All the other committees’ activities/remit are defined by the name of the committee .

Risk Assessment

A review of the church’s Health and Safety Policy by the PCC has been undertaken twice in the last 4 years. The Child Protection Policy was reviewed, updated, and signed off by the PCC in 2024.

Signed on behalf of the PCC

Revd. Alice Smith – Vicar

The web site of this Church is www.goodshepherdbrighton.org.uk

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ECCLESIASTICAL PARISH OF THE CHURCH OF THE GOOD SHEPHERD, BRIGHTON [Registered Charity 1131188]

I report on the accounts of the Church of the Good Shepherd, Brighton for the year ended 31st December 2024, which are set out on pages 10 to 26.

Respective responsibilities of the trustees and the examiner

The church’s trustees are responsible for the preparation of the accounts. The church’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the church is eligible for independent examination, it is my responsibility to :-

• examine the accounts under section 145 of the 2011 Act.

• to follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

• to state whether particular matters have come to my attention

Basis of independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’, and the report is limited to those matters set out in the statement below.

Independent examiner's statement

Since the charities gross income exceeded £250,000 your examiner must be a member of a body listed in section listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of ACCA, which is one of the listed bodies.

In connection with my examination, no material matters have come to my attention which give me cause to believe that in any material respect:

• accounting records were not kept in accordance with section 130 of the 2011 Act or

• the accounts do not accord with the accounting records or

• the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirements that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Mark Cummins FCCA FCIE TC Group The Courtyard Shoreham Road Upper Beeding West Sussex BN44 3TN

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STATEMENT of FINANCIAL ACTIVITIES For the Year Ended 31stDecember 2024	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL FUNDS	TOTAL FUNDS
					2024	2023
INCOME and ENDOWMENTS from: Donations and Legacies Charitable Activities Other Trading Activities Investments	1(a) 1(b) 1(c) 1(d)	£ 156,796 2,019 40,674 23,601	£ 48,928 - - 5,276	£ - - - -	£ 205,724 2,019 40,674 28,877	£ 101,907 1,968 44,029 25,752
TOTAL INCOME EXPENDITURE on: Raising Funds Charitable Activities Other Trading Activities	2(a) 2(b) 2(c)	223,090 32,554 177,333 11,648	54,204 - 14,132 -	- - - -	277,294 32,554 191,465 11,648	173,656 9,496 137,171 10,034
TOTAL EXPENDITURE		221,535	14,132	-	235,667	156,701
NET INCOME or (NET EXPENDITURE) TRANSFERS BETWEEN FUNDS OTHER RECOGNISED GAINS/(LOSSES) Realised Gain Unrealised Gains on Investments	(7) (9)	1,555 1,270 - -	40,072 (1,270) 7,071 (4,113)	- - - 3,690	41,627 - 7,071 (423)	16,955 - - 10,761
NET MOVEMENT in FUNDS BALANCES BROUGHT FORWARD at 1st JANUARY 2024		2,825 122,087	41,760 95,984	3,690 446,530	48,275 664,601	27,716 636,885
BALANCES CARRIED FORWARD at 31st December 2024		124,912	137,744	450,220	712,876	664,601

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	Note	2024	2024	2023
BALANCE SHEET as 31stDECEMBER 2024		£	£	£
FIXED ASSETS Fixed Assets for Charitable Use Investment Fixed Assets Investment Assets	(8) (10) (9)	15,415 272,150 178,069		13,536 272,150 174,379
TOTAL FIXED ASSETS CURRENT ASSETS Debtors Investments Cash at Bank and in Hand	(13) (9) (15)	62,226 32,973 173,946	465,634	460,065 13,151 40,015 163,796
TOTAL CURRENT ASSETS LIABILITIES: AMOUNTS FALLING due WITHIN ONE YEAR Creditors NET CURRENT ASSET	(14)	269,145 (21,903)	247,242	216,962 (12,426) 204,536
TOTAL NET ASSETS			712,876	664,601
THE FUNDS OF THE CHARITY Endowment - Endowed Funds - Property Revaluation Reserve Restricted Funds Unrestricted Funds	(10) & (16) (9) & (16) (16)		184,870 265,350 137,744 124,912	181,180 265,350 95,984 122,087
TOTAL CHARITY FUNDS			712,876	664,601

The Annual Financial Report, for the year ended 31[st] December 2024, including the notes following, was approved by the Parochial Church Council on April 9[th] 2025, and signed on its behalf by:

The Revd. Alice Smith (Vicar) R Aynsley-Smith (Honorary Treasurer)

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STATEMENT OF ACCOUNTING PRINCIPLES

Accounting Policies

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the current (2019) Statement of Recommended Practice (SORP) and Financial Reporting Standard (FRS 102).

The financial statements have been prepared under the historical cost convention as modified by the inclusion of investments at market value and the revaluation of fixed assets. The financial statements 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 affiliation to another body, nor those which are informal gatherings of church members.

Funds Accounting

Funds held by the PCC are:

Unrestricted Funds – general funds which can be used for PCC ordinary purposes.

Designated Funds – monies set aside by the PCC out of unrestricted funds for specific future purposes and/or projects.

Restricted Funds –

• (i) Income from trusts or endowments which may be expended only on those restricted objects provided in the terms of trust or bequest

• (ii) Donations and/or grants received for a specific 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 the year is carried forward as a balance on that fund.

Endowment Funds – funds the capital of which must be maintained; the income arising from the investment of the endowment may be used, either as restricted or unrestricted funds, depending on the purpose set out in the terms of the original endowment.

Income and Endowments

All income and endowments are accounted for without deduction for any costs of receivability, are recognised when there is entitlement, receipt is probable, and the amount can be measured reliably.

Donations and Legacies

• (i) Collections are recognised when received.

• (ii) Planned giving receivable is when there is evidence of entitlement, receipt is probable, and the amount accords with the Gift Aid declaration and/or other record of intention to donate.

• (iii) Gift Aid recovered is recognised when the income to which it is attached is recognised.

• (iv) Grants and legacies are recognised when the formal offer, in writing, is received by the PCC.

Charitable Activities

Sales of magazines are recognised when received.

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Other Trading Activities

Trading income is receivable in return for selling goods and/or providing services. Income from trading is recognised either

• (i) When invoiced and/or received.

• (ii) For example, in the case of concerts for the year in question, irrespective of the date of receipt. Advance bookings are included in creditors – as Deferred Income.

Income from Investments

• (i) Dividends are accounted for when due and payable. Interest entitlements are accounted for as they are received.

• (ii) Rents from Property are recognised in accordance with rental agreements and when receipt is probable and measurable.

All Other Income

All other income is recognised in accordance with the above overall policy.

Gains and Losses on Investments

• (i) Realised gains are recognised when the investments are sold.

• (ii) Unrealised gains and losses are accounted for on revaluation – at 31[st] December.

Expenditure

Expenditure is accounted for on an accruals basis and are accounted for gross.

Grants

Grants and donations are accounted for when paid over or when awarded where the award creates a binding obligation on the PCC.

Church Activities

The diocesan parish contribution is accounted for on an annual basis reflecting the allocations set by our Deanery. Any parish contribution unpaid at the 31[st ] of December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the balance sheet.

Fixed Assets

Consecrated and/or beneficed and/or heritage property of any kind is excluded from the accounts by s.10 (2) of the Charities Act 2011.

Moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the church’s inventory, which can be inspected but are not included in the financial statements. For other property acquired prior to 2001 there is insufficient cost information available and therefore the costs of such assets are not stated in the financial statements. Since that date assets acquired have been capitalised in the accounts and depreciated over their useful economic life.

All expenditure on consecrated or beneficed buildings and individual items costing under £1,000 are written off in the year they were incurred.

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Depreciation

Depreciation is calculated to write down the cost of tangible fixed assets, excluding freehold properties, over their expected useful lives. The rates applicable are -

Computers - 33% Office equipment - 20% Other plant - 10%

No depreciation is provided on freehold properties, as it is the PCC’s policy to maintain these assets in a continual state of sound repair. The useful economic life of these assets is so long and residual values so high that any depreciation would not be material. These assets will be subject to annual impairment reviews. Provision, however, will be made if there has been any permanent diminution in value.

Taxation

The Church enjoys charitable status. As a charity the church is outside the scope of VAT in respect of its income.

Investments

Investments are stated at market value at the balance sheet date.

Current Assets

Amounts owing to the PCC at the financial year-end in respect of fees, rents and/or other income are shown as debtors less provision for amounts that may prove uncollectible.

Short-term deposits include cash held on deposit with the CBF Church of England Funds and/or at the bank.

Other

The Parish, under the terms of Mrs Moor’s (our original benefactor) will, own a further 3,016 shares in the CIFM Investment Fund. The terms of the bequest were that the money was to be used solely for the incumbent of the parish. At the time of the standardisation of stipends the income from these shares was passed to the diocese where it currently remains and is used by the diocese to offset the cost of clergy stipends.

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NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2024

(1) ANALYSIS of INCOME and ENDOWMENTS:	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL FUNDS	TOTAL FUNDS
					2024	2023
Planned Giving (exc. Tax Refunds) Planned Giving (no Tax Refunds) Loose Cash Collections Special Collections Patronal/Christmas Tree Festival Other Special Appeals Gift Aid Recovered Grants Legacies Other Income	(11) (18)	£ 44,330 4,063 6,079 1,840 4,183 15,116 15,769 - 55,000 10,416	£ 12,000 - - 318 - - 2,875 33,500 - 235	£ - - - - - - - - - -	£ 56,330 4,063 6,079 2,158 4,183 15,116 18,644 33,500 55,000 10,651	£ 44,785 5,599 11,450 - 5,725 1,203 15,593 - 1,000 16,552
VoluntaryDonations and Legacies	1(a)	156,796	48,928	-	205,724	101,907
Fees for Weddings and Funerals		2,019	-	-	2,019	1,968
Charitable Activities	1(b)	2,019	-	-	2,019	1,968
Sales of Parish Magazines Hire of Church Hire of Church Hall		- 8,294 32,380	- - -	- - -	- 8,294 32,380	201 11,755 32,073
Other TradingActivities	1(c)	40,674	-	-	40,674	44,029
Bank and CBF Deposit Interest CCLA/M + G Investment Income Rent - 56 Reigate Road		3,784 617 19,200	2,945 2,331 -	- - -	6,729 2,948 19,200	3,649 2,903 19,200
Investments	1(d)	23,601	5,276	-	28,877	25,752
TOTAL RECEIVED on all FUNDS		223,090	54,204	-	277,294	173,656

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NOTES to the FINANCIAL ACCOUNTS

For the Year Ended 31[st] December 2024

(2) ANALYSIS of EXPENDITURE on:	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL FUNDS	TOTAL FUNDS
					2024	2023
Fund Raising Investment Management Costs Major Repairs – Reigate Road		£ 664 8,484 23,406	£ - - -	£ - - -	£ 664 8,484 23,406	£ 1,911 7,585 -
Cost of RaisingFunds	2(a)	32,554	-	-	32,554	9,496
Missionary and Charitable Giving Diocesan Parish Share Clergy Expenses Salaries and Honoraria Inc. NI Upkeep of Services Church Running Costs Church Maintenance and Repair Bank Charges Depreciation Governance Other Expenditure	(4) (5) (8) (6) (19)	3,873 81,445 3,147 13,082 3,954 16,322 38,162 106 2,419 2,400 12,423	2,448 - - - - - 10,175 - 507 - 1,002	- - - - - - - - - - -	6,321 81,445 3,147 13,082 3,954 16,322 48,337 106 2,926 2,400 13,425	4,382 76,967 6,095 10,760 2,055 18,947 3,788 76 2,583 899 10,619
Cost of Charitable Activities	2(b)	177,333	14,132	-	191,465	137,171
Church Hall Costs Other Trading Costs	(20)	10,760 888	- -	- -	10,760 888	8,922 1,112
Other TradingActivities	2(c)	11,648	-	-	11,648	10,034
TOTAL EXPENDITURE on all FUNDS		221,535	14,132	-	235,667	156,701

Registered Charity 1131188

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NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2024

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31stDecember 2024
(3) STATEMENT of CASH FLOWS	Note	2024	2023
Cash Flows from Operating Activities: Cash Flows from Investing Activities Dividends, Interest and Rent from Investments Purchase of Plant and Equipment	(8)	£ (13,922) 28,877 (4,805)	£ (7,530) 25,751 (8,731)
Change in Cash and Cash Equivalents in the Reporting Period Cash and Cash Equivalents at the beginning of the Year	(15)	10,150 163,796	9,490 154,306
Cash at Bank and on Deposit at the end of the Year	(15)	173,946	163,796
Reconciliation of Net Income/(Expenditure) to net Cash Flow from Operating Activities Net Income/Expenditure for the Reporting Period_(as per Statement of Financial_ Activities) Adjustment for - Depreciation Unrealised Gain/Losses on Investments Sale of Shares Dividends, Interest and Rent from Investments Decrease/(Increase) in Debtors (Decrease)/Increase in Creditors	(9) (1d)	48,275 2,926 (6,648) 10,000 (28,877) (49,075) 9,477	27,716 2,583 (10,761) - (25,751) (1,298) (19)
Net Cash Provided by (used in)OperatingActivities		(13,922)	(7,530)

Registered Charity 1131188

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2024

Page 18

(4) MISSIONARY and CHARITABLE GIVING	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL FUNDS	TOTAL FUNDS
					2024	2023
Missionary and Charitable Giving National Deaf Children’s Society Esterhazy Chamber Choir Brighton and Hove Mission Sussex Cancer Care Kidz Club DEC – Turkey/Syria Earthquake Appeal Sponsorship of two Drama Students Orphans International Family Support Work Lepra Martlets Hospice		£ 220 - 300 398 700 - - 700 700 325 530	£ - - - - 1800 - 648 - - - -	£ - - - - - - - - - - -	£ 220 - 300 398 2,500 - 648 700 700 325 530	£ - 1,000 - - 1,650 1,000 432 300 - - -
Sub Total – Direct Giving	(4)	3,873	2,448	-	6,321	4,382

Additionally. The following activities were either organised by the Church and/or provided, free, the facilities and support for the following events to take place. The monies raised are not part of the church’s accounts.

(5) STAFF COSTS	Note	General Funds	Restricted Funds	Endowment Funds	TOTAL FUNDS	TOTAL FUNDS
					2024	2023
Remuneration Wages and Salaries Employer Social Security Costs Employers Cost to Defined Contribution Scheme		£ 12,884 - 198	£ - - -	£ - - -	£ 12,884 - 198	10,533 - 227
	(5)	13,082	-	-	13,082	10,760

During the year the PCC employed a Director of Music, a Hall Cleaner and a Parish Office Administrator. No member of the PCC, nor any person closely connected to them, received any form of remuneration. Other payments were made to PCC members in the year for reimbursement of expenses incurred on behalf of the PCC – namely Clergy support such as Council Tax, Water and Environmental Charges - £3,185 and reimbursement for telephone, postage, travelling expenses etc £139..

Registered Charity 1131188

Page 19

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2024

(6) GOVERNANCE	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL FUNDS	TOTAL FUNDS
					2024	2023
Independent Examination Trustee Meetings		£ 2,400 -	£ - -	£ - -	£ 2,400 -	£ 645 254
TOTAL	(6)	2,400	-	-	2,400	899

(7) TRANSFERS

Transfer of Dividend Income to meet Relevant Expenditure in the General Fund

Organist Flower Fund Stoneham Garden Memorial Fund Assistant Priest Fund General Fund		- - - - 1,270	(1,014) (134) (121) (1) -	- - - - -	(1,014) (134) (121) (1) 1,270	(1,152) (130) (120) (3) 1,404
Transfer of Christmas Tree Festival Surplus to Outside Giving Fund
General Fund Outside GivingFund		(2,620) 2,620	- -	- -	(2,620) 2,620	(2,431) 2,431
Utilise Legacies received in 2023
Legacy Fund Church Fabric General Fund Organ Fund [Music] Church Fabric[Designated]Fund		- - - - -	- - - - -	- - - - -	- - - - -	(1,028) - 600 - 428

To Meet the Deficit on the General Fund

Hall Fund Reigate Road Fund Church Fabric Designated General Fund		(17,000) (9,000) (15,633) 41,633	- - - -	- - - -	(17,000) (9,000) (15,633) 41,633	(6,843) (7,500) - 14,343

To Meet Future Expenditure of the Hall fabric

Hall Fund Hall Fabric Fund		- -	- -	- -	- -	(5,000) 5,000
TOTAL TRANSFERS	(7)	1,270	(1,270)	-	-	-

Registered Charity 1131188

Page 20

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2024

(8) FIXED ASSETS for CHARITABLE USE	Note	Freehold Land & Buildings	Church Equipment	Hall Equipment	TOTAL
ACTUAL/DEEMED COST At 01 January 2024 Additions		£ 1 -	£ 18,142 -	£ 8,276 4,805	£ 26,418 4,805
At 31 December 2024		1	18,142	13,081	31,223
DEPRECIATION At 01 January 2024 Charge for theyear		- -	6,367 2,057	6,515 869	12,882 2,926
At 31 December 2024		-	8,424	7,384	15,808
NET BOOK AMOUNT At 01 January 2024		1	11,775	1,761	13,536
At 31 December 2024	(8)	1	9,718	5,697	15,415

The freehold land and buildings are the Church Hall at 270 Dyke Road, Brighton. The value of the latter, on the advice of Church House, and in the absence of any written records, is shown at £1 - its written down value. The Hall was a gift to the parish in 1938. The current insurance value of this building (December 2024) is £1.42 million. Assets capitalised up to and including 2024 are the Candle Display Case and a new reprographic machine for the parish office. Church equipment comprises the amplification system, church chairs, the church central heating system, screen and projector and various items for the parish office. Hall assets capitalised are chairs, tables, central heating radiators, overhead projector equipment, and a water gas heater.

Although not owned by the Parish the insurance value of the church is £13.30 million.

(9) INVESTMENT ASSETS	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL 2024	TOTAL 2023
Market Value at 01 January 2024 Net Gains/(Losses) and Revaluation Sale of Shares		£ - - -	£ 40,015 2,958 (10,000)	£ 174,379 3,690 -	£ 214,394 6,648 (10,000)	£ 203,633 10,761 -
Market Value at 31 December 2024	(9)	-	32,973	178,069	211,042	214,394

Endowment shares comprise 7,714 shares in the CIFM Fund. These cost £3,857 in 1958. M + G Charifund Accumulation Units, bought in 2008 and 2009 for £8,000 and £4,000 respectively, comprise 133.398 units at 01.01.2024; during 2024 32.561 units were sold. The total holding of M + G units as at 31.12.2024 is 100.837 and is solely for the Youth Fund.

Registered Charity 1131188

Page 21

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2024

(10) INVESTMENT FIXED ASSETS	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL 2024	TOTAL 2023
Market Value at 01 January 2024 Net Gains/(Losses) and Revaluation		£ - -	£ - -	£ 272,150 -	£ 272,150 -	£ 272,150 -
Market Value at 31 December 2024	(10)	-	-	272,150	272,150	272,150

The freehold land and buildings at 56 Reigate Road, Brighton was purchased in 1968 for £6,800. At the beginning of 2016 the property had an open market value of £537,500. The valuation was carried by Your Move (Estate and Letting Agents) of 38 Queens Road, Brighton, BN1 3XB an unrelated party to the Church. Half the independent valuation has been incorporated in the accounts because in the event of the house being sold only half of any proceeds (after any sale costs) are attributable to this parish. The insurance value of the house at 31 December 2024 is £583,933.

(11) LEGACY

In 2024 the church received an/or were notified off the following legacies – From the estate of Revd. G G white - £5,000 and from the estate of M A Cruttenden - £50,000.

Registered Charity 1131188

Page 22

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2024

	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL FUNDS	TOTAL FUNDS
					2024	2023
(12) ANALYSIS of NET ASSETS by FUND		£	£	£	£	£
Fixed Assets for Church Use Investment Fixed Assets Investment Assets Current Assets Current Liabilities		13,898 - - 132,917 (21,903)	1,516 - 32,973 103,255 -	1 272,150 178,069 - -	15,415 272,150 211,042 236,172 (21,903)	13,536 272,150 214,395 176,946 (12,426)
TOTAL	(12)	124,912	137,744	450,220	712,876	664,601

(13) DEBTORS

Income Tax Recoverable Prepayments and Accrued Income Legacy Debtors		5,037 3,313 50,000 3,876	- - - -	- - - -	5,037 3,313 50,000 3,876	2,116 7,277 - 3,758
TOTAL	(13)	62,226	-	-	62,226	13,151

(14) CREDITORS: AMOUNTS FALLING DUE within ONE YEAR

Deferred Income Accruals		- 21,903	- -	- -	- 21,903	837 11,589
TOTAL	(14)	21,903	-	-	21,903	12,426

(15) ANALYSIS of CASH and CASH EQUIVILENTS

Cash Bank Current Accounts Deposit (No Notice)		1,143 45,345 24,203	- - 103,255	- - -	1,143 43,345 127,458	997 45,570 117,229
	(15)	70,691	103,255	-	173,946	163,796

Registered Charity 1131188

Page 23

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2024

(16) STATEMENT of FUNDS	Note	Balances b/fwd – 01.01.2024	Income	Expenditure	Transfers/ Other Gains and Losses	Balances c/fwd – 31.12.2024
Endowed Funds		£	£	£	£	£
Organist Fund Hall Fund Vestment Fund Flower Fund Stoneham Garden Memorial Fund Mrs Moor’s Stipend Fund Assistant Priest Fund Church Hall Reigate Road		36,530 39,833 14,535 7,391 7,867 68,178 45 1 272,150	- - - - - - - - -	- - - - - - - - -	836 911 333 169 180 1,260 1 - -	37,366 40,744 14,868 7,560 8,047 69,438 46 1 272,150
Restricted Funds Church Fabric Fund Organist Fund Junior Choir Fund Vestment Fund Centenary and Future Fund Flower Fund Stoneham Memorial Garden Fund Assistant Priest Fund Youth Fund Youth Fund (CSD) Bell Ringing Fund Paschal Candle Display Case Vicars DiscretionaryFund		446,530 28,688 4,027 1,273 7,665 5,954 4,943 - - 37,345 - 2,129 2,044 1,916	- 992 16,332 44 984 268 666 121 1 303 34,353 74 - 66	- - (10,175) - - - - - - (3,450) - - (507) -	3,690 - (1,014) - - - (134) (121) (1) 2,958 - - - -	450,220 29,680 9,170 1,317 8,649 6,222 5,475 - - 37,156 34,353 2,203 1,537 1,982
Designated Funds Outside Charitable Giving Fund Hall Fund Hall Fabric Fund Reigate Road Fund Reigate Road Fabric Fund Legacy Fund Social Funds Church Fabric Funds Church Fabric – Sound System		95,984 6,599 5,314 11,235 8,521 12,433 - 811 71,391 5,781	54,204 1,901 33,350 389 19,397 113 55,127 - 2,470 -	(14,132) (3,813) (21,061) (6,800) (18,705) (12,433) - - (7,225) (875)	1,688 2,620 (17,000) - (9,000) - - - (15,633) -	137,744 7,307 603 4,824 213 113 55,127 811 51,003 4,906
General Fund		122,085 2	112,747 110,343	(70,912) (150,622)	(39,013) 40,282	124,907 5
TOTAL	(16)	664,601	277,294	(235,666)	6,647	712,876

Registered Charity 1131188

Page 24

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2024

(17) STATEMENT of FINANCIAL ACTIVITIES	Unrestricted Funds	Unrestricted Funds	Restricted Funds	Restricted Funds	Endowment Funds	Endowment Funds	TOTAL	TOTAL
	2024	2023	2024	2023	2024	2023	2024	2023
INCOME from DONATIONS and LEGACIES Donations and Legacies Charitable Activities Other Trading Activities Investments	£ 156,796 2,019 40,674 23,601	£ 93,159 1,968 44,029 22,315	£ 48,928 - - 5,276	£ 8,748 - - 3,437	£ - - - -	£ - - - -	£ 205,724 2,019 40,674 28,877	£ 101,907 1,968 44,029 25,752
TOTAL INCOME EXPENDITURE on: Raising Funds Charitable Activities Other Trading Activities	223,090 32,554 177,333 11,648	161,471 9,496 127,918 10,034	54,204 - 14,132 -	12,185 - 9,253 -	- - - -	- - - -	277,294 32,554 191,465 11,648	173,656 9,496 137,171 10,034
TOTAL EXPENDITURE	221,535	147,448	14,132	9,253	-	-	235,667	156,701
NET INCOME or (EXPENDITURE) TRANSFERS between FUNDS OTHER RECOGNISED GAINS/(LOSSES) Realised Gain Unrealised Gains/(Losses) on Investments	1,555 1,270 - -	14,023 1,404 - -	40,072 (1,270) 7,071 (4,113)	2,932 (1,404) - 1,401	- - - 3,690	- - - 9,360	41,627 - 7,071 (423)	16,955 - - 10,761
NET MOVEMENT in FUNDS	2,825	15,427	41,760	2,929	3,690	9,360	48,275	27,716

Registered Charity 1131188

Page 25

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2024

	Note	Unrestricted Funds	Restricted Funds	Endowment Funds	TOTAL FUNDS	TOTAL FUNDS
					2024	2023
(18) OTHER INCOME Sundry Income Centenary Fund Donations and Sales Artists Open House Festival		£ 7,454 - 2,962	£ 235 - -	£ - - -	£ 7,689 - 2,962	£ 5,515 7,592 3,445
TOTAL	(18)	10,416	235	-	10,651	16,552
(19) OTHER – CHARITABLE ACTIVITIES Vacancy Costs Artists Open House Festival Sundry Expenditure Professional Fees Centenary Fund Activities		3,198 2,634 3,831 2,760 -	- - 1,002 - -	- - - - -	3,198 2,634 4,833 2,760 -	- 3,061 1,893 - 5,665
TOTAL	(19)	12,423	1,002	-	13,425	10,619
(20) OTHER – TRADING COSTS Fees		888	-	-	888	1,112
TOTAL	(20)	888	-	-	888	1,112

Registered Charity 1131188

Page 26

NOTES to the FINANCIAL ACCOUNTS For the Year Ended 31[st] December 2024

10 YEAR HISTORY of SELECTED ITEMS of INCOME and EXPENDITURE

NUMBER of REGULAR DONORS

2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
61	62	56	53	52	51	50	53	52	44

GENERAL FUND – TOTAL INCOME and EXPENDITURE

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
	£	£	£	£	£	£	£	£	£	£
Income	75,768	75,129	81,837	86,468	83,840	70,438	92,900	103,469	105,015	110,343
Expenditure	(100,619)	(102,690)	(105,815)	(103,350)	(103,530)	(100,728)	(105,3045)	(112,176)	(118,973)	(150,622)
Surplus/ (Deficit)	(24,851)	(27,561)	(23,978)	(16,882)	(16,882)	(30,290)	(12,405)	(9,707)	(13,958)	(40,279)

GENERAL FUND – FUND RAISING ACTIVITIES

2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
£	£	£	£	£	£	£	£	£	£
10,802	8,085	10,155	7,774	11,940	2,052	2,052	8,254	5,725	4,183

GENERAL FUND - PAID to the DIOCESE – to cover DIOCESAN and NATIONAL CHURCH EXPENDITURE

2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
£	£	£	£	£	£	£	£	£	£
67,981	69,958	72,060	67,608	71,883	74,035	74,300	76,967	76,967	81,445

Registered Charity 1131188