Charity registration number 1131405 (England and Wale5) THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SWITHUN, EAST GRINSTEAD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SWITHUN, EAST GRINSTEAD LEGALAND ADMtIYISTRATIVE INFORMATION Trustees J Br%"ant J Durrani J kai"e J Phipps J Parsons K Moonei, D E RatcliffL A F J Frankhuiji.en S J LiT]lon J W Lancaer P J I leii'ett A Durrant H C Saunders L ColM"cll Thc Rci.. Lukc McKinnon Mffiitcman b. Whittsker J Ellis {Apinted 9 Scptctnbcr 20241 (Appi)inled 21 April 2024} (Appointcd 21 April 2024) Charity number (England and Wales) 1131405 Principal Address St SM"ithun's Parish Officc St Sii"ithun's Close last Grinslcad Wesi Sussex R111931411 Independent examiner Darren Harding ACA FCCA DChA Richard Placc Dob50n Serviccs LiTllited -7 Station Road Craii le)" West Susscx RHIO IHT
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SWITHUN, EAST GRINSTEAD CONTENTS Page Trustces, rcport Independent examiner's report Statemcnt of financial activitics Balance sheet Notes to thc tinancial statcments 10-25
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SWITHUN, EAST GRINSTEAD TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Thc trustccs prCnt their annual report and financial statcmLnts for the I'car cndcd 31 IkCcMEr 2024. Thc financial statetnents havc iKen prcparcd in accordancc with the accounting w>licics set oul in notr I to the fiiiancial statLillLnts and compli" H'ith thc chariTh s govLming docutninL ii.hich is thc Parochial Church Councils IPoM'crs} Mcasurc 1956. Ihe Charities ,Ict 2011 and "A¢couniing and Reporting b! Charities- sment of Recommended Praili¢e applicable to charities prcparing their accounts in accordanc¢ H-iih the financial RepKTrrting Standard applicable in the UK and Republic of Ircland (FRS 102)" IcffcctiVL l January. 2019). Objectives and activities Thc Parochial Chlirch Council IPCC) has thc rcsFonsibiliTh" of c0-0ratIng i*ith thc incumbcnL Thc RcTrcrcnd Lukc Whitc from 9 SepteMr 2024 and the churchw'ardens. as sequestrdtors. up to that dale. in: Thc promotion of thc gos1 of thc Lord Jcsus Christ according to thc doctrincs and practiccs of thc Church of England. Promi)ling in the parish ihe m.hole mission ofthe church. paOral. ClaI. evangelislic and e¢umeni¢al. To kno. Jesus bettcr and makc Him tKtter knoii"n. Prnctical supp)rt and care for people in the parish. from the i'oungesi to the eldest. irrespective of level of need or abililN lo pav. Providing financial 5UPWbrt for thosc in necd and. to other organisations I1th SiTnilar objcctivcs. The trustees hal'e paid due regard to guidance issued bv the ChariTh' Commission on public benefit and in particular the sCIfiC guidance on "chariti¢5 for th¢ advancetnent of ligIOn ii.hcn dcciding what activities the charits" should undcrtakc. Welcome and Collation of Reverend Luke Wbiteman On th¢ 9th kptctnEKr 2024 11"e held a s¢rn'ic¢ lor the parish and local COTlltnunit%- to iwclcome our nem. Vicar Luke Whitctllan and his familN' to thc parish. ThL PCC and thc congrLgation look forw7rd to iTrorking M'ith Lukc and supwrting him 1th his ministr). in East Grinstead. A mcssagc trom Rcvercnd Luke 11.'hiteman: It is a deep honour to have joined St Swithun s ehvreh as its new Vicar. I hai'e found Si sIthun,s to be a friendly and welcoming place. a place Mi¢h beauliful iiorship and iYi¢h man! TM)ple longing w come closer io Gi)d. focus in the coming cars ii'ill bc to lead thc church to build upon th¢ ii"ondcrful foundations alread!" in placc. to reach out ii'ith the Good NeTh's of JLSUS to a nLlI' gLnLration East Grinstiad rLsidLnts. I look foThTr"ard to YIng what God will do in our midst in thc coining )wcars and will be prai'ino that we all know his blessing. Achievements and performance Sigvificanl ociivilies andockieiemenls against objeclives Thc PCC ha5 Cotnplicd with ihc duti. under scction 5 of the Safeguarding and Clcrg). Disciplinc Measur¢ 2016, fully rccognising its dut! to havL duc rcgard to Housi of Bishops, guidancc on safcguarding childrcn and Trulncrablc adults. In 2024 we discusscd and planned thc tolloil'ing objcctives and activitics to fulfil our aims= F.nabling as man). people as possible io Morship ai our ¢hur¢h Enabling as mani. PL"opIL as wssiblL to -CO[nL part of our parish com]nunity- Teaching. baptising and nurturin? neil. and eiistin? lIe%.erS Maintaining an overviem. of i¥"orship throughou¢ the parish Considering ho. seTr'iccs can involi'e the man!- groups that live within the parish Putting faiih into practlCL. through sacrainLtit and pral'cr. scripturc and tnusic OtTering 'OrShIp and pral'er. learning aLx)ut ihe GO5[. in small gri)up siluaiions Assisting pcopl¢ frotn all walks of life to develop thcir knoii"ledg¢ of. and trust in. Jesus Provision of pastoral carc for pLp[l lii"in2 in thL parish Provision of assisiance to the poor and needi of the parish Giving grants lo mis5ionar% organi5aiions RLaching out to thL unchurchLd through our iVLbsitc. Faccknk pagcs and A Cliurch Ncar You. Maintaining the fabric of ihe church building &s a hisioric and culiural centre in the i0.n. page I
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SWITHUN, EAST GRINSTEAD TRUSTEES, REPORT (coNfINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Attendance at worship 'l-he Lhur¢h lamilN' Mel¢omes visilors from wiihin as m.ell as ouiside ihe parish tM)undary'. Visitors aliend bj, personal choice and. it 15 our great pleasure to ii'elcotne individua15 and familic5 froTn all u.alks of life to take part in th¢ litc of th¢ church. We contcnd that voluntm, attcndancL in H-'orshipping thc Lord JLSUS ChrisL is a major dcmonstration of public nCrit of our activities. We look to encourage the deerenin? of faith for all aees. and aloneside our services there is a programme for )'oung people from crèche through to tecnagers. Thc ai'erage rcgular ii'eckl!" attendance. counted during Octob¢r was 173 adults and 20 children, M-ith the number increasing on Harvcst Sunda!. and Nl'ith Baptistns. SincL Lukc took up his FK)St in SL-Ptc1nr. Ivc hai'L Startcd to Suc an incrLasc in SL-rvicc allendan¢e. and it has ken a great en¢ouragemeni io ii"el¢ome neil" families and individuals ai Si. slihUn s. .asier is the high point in the church's lear an(L Ihanks our iwo self supwrted curaie& m.e M'ere able lo olTer a full Ilolj Wcck i%'ith all th¢ services from Palm Sunda!" to l.asicr Da!, ii.iih a children s holida!. club during ihe wcek. The Ftrforined the Eastcr Storv on Good Fridai" morning in ihL church for famil!" mL[llrs. On Eastcr Da!" "L hcld a Dawn EucharisL lit thkn ncw rire of Easter and the Paschal Candle. We also reneii'ed our Bapiismal Vows in church. Ai Easier ihere Mere 125 communicants and 169 people ai the sern'ices. Chrislm¢)s is a vern. special lime of celebration where man! sections of the communil! cc)me together. "l-his )'ear m.e provided a full programtnL of scrvicLS opcn to thL public and WLlcomLd thL local schools for thLir Carol SL Triccs in tl)L church. Wc also held a Christingle Service, a Parish Carol Sern'ice. .0 Crib Sen'icek Midnight Mass and on Christmas Morning there ivas a F'amilv F.uihariNI. Illl ihese services m.ere ven" iiell aiiended i%"iih a high volume of visiiors at each. Al Chrisimas 0er 5,000 people attcn(kd 5crviccs including the school and church carol scn'icc5. We continued our emphasis UFOll thc lamil!" and thc children s Tnini5M". The Youth Group. TIL4X. ha5 a thriving group of 6 'ounger people (aged 10- 161. who allend regularl!. and lake part in a varieTh' of aciivities. TIL4X is open to Year 7+ and Ineets on the Second Sunda!, evening of the month. Teaching? bapti$ing and nurturing new and exi$iing believers In 2024 thcre 't[C 6 'eddIngS: 21 church luncrals with 18 othcr funerals conducted for parishioT]crs- 2 children and l adult 'erL baptiscd. A good number of la). volunieers coniinue to take an active part in our ser4'ices along wilh our musicians. We continue to seek to extend ihe opportunities for ihe exercise ofministr% and gifts within the life ofour ¢ommunils'. Evangelism and outreach W¢ have 4 tnetnb¢rs of St S.]thun s activc on thc Goi'crning Bod% of Si Mar)" s Church of Ingland School. During the '¢ar we havc continucd to connLCt with Escots. ThL Mcad& and Blackii"cll Pritnarn" Schix)Is in thc parish for assctnblics in school. church visiis and Christmas and F.aster services. l)uring l.ent 20?4 Me held l.en¢ courses in r%)n following the Dio¢esan l£ni maierial and those who joined in found them beneficial and cnjowed thc felloil'ship. Provision of the church building for people to enjoy Our church continuLS to - apprcciatLd b!. our parishioncrs and man!. othcr Trisitors th from this countrn. and from abroad, as a space iN'here life events are celebrated with jo!" and thanksgiving. Il'e hai.'e continued to explore waS in which the church building ian be Ubed for eN'en¢s in addition io r¥ices_ 'lThe F.asi Grinsiead Choral Societi. no enjoys a pemianeni home ai S¢ Swiihun s for regular rehearsals and Concerts. We also hcld thc St Swithun's Fcstival of thL Arts at thL Lnd of JunL -Ing an OPFK)rtuniti' to cclcbratc thc artH.'ork of SackvillL School and M'o other Art CJroups in the ioii'n. There H'as also a full progrdmme of lunchtime concerts. an evening piano recital and a Communil), l£¢ture on Ans and Crafts buildings in F.a5( Grinsiead_ In MaN' and NoveM1r we held Craft F'a! res inside th¢ church. -I"he nave and side aisles filled with a wide variety of cratl¢r5 and their ii'arcs. The!. all appreciatcd the spacc and hospitalits, sho bi" the church. Throughout iK>th fa>'res there wa5 a high volutnc of visitors. It is imp)rtant to us that the church is available for prii'aie prnl'er noi just for the church famili, but to the ii'ider illisiting community. -lo this end the church building is alwa!"s on during dai"lighi hours_ "Ihere is a place lo lighi a candle and sa) a praN'er and the tii'o side chapcls arc often uscd b!, visitor5 as a space for pra!"er and silencc. llfhen the M'ar in Ukraine started in FcbruaTh' 2022, 'L mountLd ihc prai'Lr from thL Archbishops of Cantcrbun. and YorL togLthcr M'ith a pcrtnancnt light, on thc candle stand. This continues to attract atteniion from ljkrainian refugees and locals alike 1th candles lit and ivritten praN'ers being Icfi behind. Individua15 comtncnt on how" rcfrcshing it is lo lind a 14.arm church. ThcN' also r¢inark on the pcaccfiilncss and spiritual atmosphcrL in thL building. Oihcrs comL to thL historical architLCturL and its notablc staincd gjass .'ithin. and to see some of the interesiing monuments around the church. page 2
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SWITHUN, EAST GRINSTEAD TRUSTEES, REPORT (coNfINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Future projects and major syork on the church building- Togcthcr with Lukc. our nem. Vicar. thc PCC will dccidc and plan capiial pri)jeits in the coming l'ear. Provision of pastoral care for people living in the parish The ReN'erend Luke Whiieman together iiith one self SuprtIng curdle and a retired priest are res]N)nsible for arranging hospital visits and hotll¢ communions. Th¢ nutnber of N'oluntecrs oftering this Ca has rcduccd but visits to the 4 care homes continuL for tnonthli" cotllmunion scrviccs for thosc too frdil to attcnd church. An aTrLfdgL of Ilk12 -0p]e attcnd thLSC scrviccs each month. A memkr of the congregation runs a Julian Prai"er Group. every" month: for Mem5 ofthe congregalion kn foster the leaching and practice of contcmplativc pral'er and meditation. In addition a church tnctnber gi.¢5 titnc lo the work of the Churche5 Togcthcr Street Pastors organisation in the toTrvn. Regularly thei. sacrifice iheir time and energies in caring. li51enin? and helpine Ople ii.ho remain oui in the sireeis late at night. Provision of tangible support to the poor and need). The church famil!. has supp)rted man!. mission and charitable socieiies. b!. Iva!. of donations amounting to £6.900 for charities in the UK. and £7.000 donated to overseas charitics and projccts- sce notc 10. In addition to this ai harvest we donated £360 to thL East Grinsicad Foodbank. Other charitable gii'ing The parish i¥ebsite coniinues io be updated helping 10 maintain links Eenleen (he church family and members of the wider community. Deanery Synod Thre¢ members of the laiN' reprcsent thc parish on thc tkanen" Sl'nod. This provides the PCC 1th an iinpKTrrtant link bctt¥¢en thL parish and thc widLr siructurcs of thl church. Finanf ial review Thc PCC had total funds of £1.230.389 at 31 DL-CCtnbcr 2024 (2023 £1.224.192). of ii'hich £30.015 is unrcstrictcd 12023 £59.834). During the year the charitv received unrestricted income of £231.405 12023 £236.6561 from its charitable activities and ini'estments. -I'he unreslriiled expendilure in the !"ear m.as £236.552 {2023 - £251.005) gii'ing a deficit of unrestriited income ovcr cxpenditure of £i,147 (2023 - £14.349}. Reslricted incotnc in the N."car li'as £13.81012023 - £10.1981. Aftcr dcducting restrictcd expcndilurc of £14,23312023 £9.9771 thLrc Ii'&s a dcficit of rcstrictcd incotnc ovcr LxnditurC for thc i'car of £423 (?023 - £221 surplus). Includcd in incotnL. thL ins'LStmunt incotnL fccLiI'Ld during thL !"car li.as £25.961 (2023 - £23.i781 shoii'ing an improvcincnt in investment perforniance. The markei value of ini'estmenrs held at 31 DeCeMr 2024 increased to £565.045 (2023 £553.369) bul this increase in value is notional and "111 onli" cOMe a real ifand ii.hen ani in¢s(Ments are sold. Unreslri¢ted income from planned giving and ¢olleciions ai services in the l.ear iolalled £93,185 {2023 £92,999) on which the church rcclaitn¢d incotne tax. rccoi'crablc under gift aid. of £22.465 {2023 - £23.548}. Thesc figurcs show an increase in this incoinL sourcL of just undLr 10/0. page i
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SWITHUN, EAST GRINSTEAD TRUSTEES, REPORT (coNfINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Reserves Policy 11 i% PCC poli¢N to maintain a balance on unre51ricted cash resources M"hi¢h equa5 io & leasi six months unrestricled paymenls to cover ctnergencw situations that ma!" ari5¢ froTn time to limc. Currcnl unrestricted cash resources hai'c been tnaintaincd at six months biidgctLd cxpcnditurc. This includLS Ccrtain ch rLsourccs hcld in dctM)sit accounts and thc rcadilsw availablc ini.'cstsncnt funds, which are included ii'ithin the accounts in the designed fund balance. During ?025. togeiher H'ith the vicar, the PCC 'ill revie. its protK>sed projccts for outreach and iMpro.¢cnts to the parish church and decide hoii to proceed. It is the PCC polic!, to inTr'cst flind balanccs in CXCLSS of immLdiali rcquircmcnts in thc C.B.F Church of England invcsbnunL fixcd intcrcst and properti, funds as ii"'ell as its dewsit fund. Investment Policy Assets noi immediatel!, required for the chariti s omn use ii'ill be ini'esied to achieve a balance of income and capital gro1h, subject lo ai¢¢pting onli. a modeia¢e lei.el of risk_ "lthe PCC has adopted a resTX)nsible inveslmenl N)lic). All inveslmen¢s are held in accordance '1th Church ot Ingland cthical ini'cstmcnt guidclines. Risk Management Thc principal risks taccd b!" the chariti. have bccn aSSed b!. Ihc trustces and a rtsk rcgistcr has bccn produced to Tnanagc the risks and is rLgularl!' updatLd and monitorcd. A frLsh rLViCii- Ivas undcrtakcn in accordancL m.ith thc Criininal Financcs Act 2017. Hilary Saunders. a member of the PCC. has been app)inted as the parish safeguarding office and re]xTrrts regularlN' to the PCC and the congregaiion on safeguarding isbues. Strllcture? governanee and mgnagement Thc PCC 15 rcgistcred with thc Charits. Commission as rcquircd b!" the Charities Act 201 I with its governing document being thL Parochial Church Councils IPowLrsl ML&surc 1956. Thi PCC is pan of Ihc Dioccsc of C.hichcstcr ii"'ithin thc Church of England. Thc trustccs Mtho scrvcd during thc )'car and up to thc datc of signaturc of thL financial statcmcnts wcrc.. J BTh'ani J Durrant J Kayc J Phipps J Parsons L Bryant K Mooney D E Ratcliffc The Reverend Canon J K Peatv. A r J Frankhuijz¢n S J Linton J W l.ancaster P J Hcw¢tt K Pickstock A l)urranl H C Saundcrs L Colii.'ell H Westo Thc Rcv. Lukc McKinnon Whitcman . Whiiiaker J Ellis {Resigned 19 March 2024) (Resigned 31 Augusi 20241 {Resiened 25 August 20241 {Resigncd 19 March 2024) {AptM)intcd 9 scptLr 2024) (Apwinied 21 April 2024) {Apwintcd 21 April 2024) Recruitment and training of trustees Thc PCC looks to the church congregation for ioluntcer5 to become ne. Irusiees. The volunteers will be cotnmunicants of the Church of England and tnust k nominatLd and SLcondcd b!. tt4"o LInrS of thc church con?rcgation. At thL Annual Parochial Church Meetin? members of the con?re?aiion are asked io seleci the neil. trusiees from those nominated. Training and guidance on thc rolc ot being a trustcc and thc 'orkIngS of lh¢ PCC is proi'idcd to all ncii- trustecs. page 4
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF sr SWITHUN, EAST GRINSTEAD TRUSTEES, REPORT (CONTINUED) FOR THE YE4R ENDED 31 DECEMBER 2024 irustees. repori was approved . the Board ofTrus*es. Thc RcTr. l.ukc McKinnon Whii¢man Vicar and "I"ru5tee
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SWITHUN, EAST GRINSTEAD INDEPEIYDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUINCIL OF THE ECCLESIASTICAL PARISH OF ST SWITHUN, EAST GRINSTEAD I rcw>rt to thc trustccs on mv Lxatnination of thc financial statctncnts of Thc Parochial Church Council of thc Ecclcsiastical Parish of St Swithun. East CJrinstead lthe charits.) for the l'ear ended 31 December 20?4. Responsibilities and basis of report As the Irubtees of the charii! lou are resry)nsible for the preparaiion of the financial stsiements in accordance wilh ihe rcquiretnents of the Charitie5 Aci 2011. I rert in respect of my examination of Ihe ehartti, s financial staiements carried out under section 145 of the Charities Act 2011. In carTh'ing out mw" cxamination I havc folloiycd the Dir¢clions gii.cn b!" the Charity Commission under scction 145{il(b) of thc Charitics Act 2011. Independent examiner's statement Your attcntion is draiN'n to thc faci that thc charits. has prLparcd thc financial statcmcnts in accordancc 1th thc rclcvant Tre10n of the Statement of Recommended Practice applicable 10 chariiies preparing their financial staiemenis in accordance wilh the F'inancial Rewrting Standard applicable in the LIK and Republic of Ireland (FRS 1021 in preferenie to ihe Aciounling and RLPOrting by Charitics.. StatLmLni of RccommLndLd Practicc ISSUud on l April 200) which is rcfcrrcd to in thc Lxtant regulations but has noiN' been il'ithdrawn. l understand thai this has been done in order for the financial statements to provide a Irue and fail view in aciordance ii'iih UK Generalli" A¢cepied..Ic¢ouniing Pra¢iice. I haN'e completed mTr' examinaiion. I confirni that no matters ha*e come to mv attention in connection '1th the examination giving me cause io believe thai in an! malerial rtspe¢i". accounting rLcords iiirL not kLpt in rcstLct of thL charits- as rLquifLd bi. scction 130 of thc Charitics Act 2011. the financial siatements do not accord ii'ith those records. or the financial statcmcnts do not COTnpIN" ii.ith the applicable rcquircmcnts conccmiT]g the fonn and content of financial statctncnts sct out in thc Charitics IAccoLlllts and RcFortsl Ri2ulations 2008 othcr than an!- rcquircincnt that thc financial staiements give a true and fair i'ieii.. Hhich is noi a matter considered as pan of an independent examinaiion. I hai'c no concLrns and havc comL across no othcr Inattcrs in conncction with thc cxamination to 'hICh attcntion should drawn in this report in order io enable a proper understandin? of Ihe financial sthtements to be reached. Darren HardingACA FCCA DChA Richard Placc Dobson Scrviccs Limitcd -7 Siation Road CraM".le)' West Sussex Datc.. 28 March 202) page 6
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SWITHUN, EAST GRINSTEAD STATEMENT OF FINANCIALACTIVITIES FOR THE YE4R ENDED 31 DECEMBER 2024 Current financial year Unrestrieted Unresirieied funds funds general designated 2024 2024 Restrieted Endowment funds funds Totsl Total 2024 2024 2024 2023 Notes IncoThe and endowments from: Donations and ILgaciLS Charitable activities Other trading activitics Iniwestments Other incomc 145.138 35.224 7.847 43.196 5.987 7.823 151.12) 130.435 35,678 7.228 40.618 32.917 7,847 43,311 Total ineome and endowments 231.405 13.810 245.330 246.876 Expenditure on: Raising tund5 Charitable actil'ities 10 6.602 229.950 6.602 244.183 7.541 253.463 14.233 Totsl expenditure 236.i52 14.233 250.78) 261.004 Net gain(10ssC5) on investments 15 11.652 11,652 35,459 Net ineomel(expenditure) (5.147) 11.652 (423) 115 6.197 21,331 Transfcrs bctwccn funds 124.67?} 24.787 (115) Net movement in funds 12 {29.819) 36.439 (423} 6,197 21.331 Reeoneiliation of funds: rund balances at l Januar). 2024 59.834 -128.369 33.299 2.690 -224.192 1.202.861 Fund balances at 31 Deeember 2024 30.01) 1.164.808 32.876 2.690 1.230.389 1.224.192 Thc statetnent of financial activitics includcs all gains aT]d losscs rccogniscd in the N'car. All income and exp¢nditurc derivc frotn continuing activitics. page 7
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SWITHUN, EAST GRINSTEAD STATEMENT OF FINANCIALACTIVITIES (coNrtNUED) FOR THE YE4R ENDED 31 DECEMBER 2024 Prior financial year Unrestricted Unrestrie¢ed funds funds general designated 2023 2023 Restrie¢ed funds Endowment funds Total 2023 2023 2023 Notes IncoThe and endowments from: Donations and IcgaciLS Charitable activities Other trading activitics Iniwestments Other iniome 1 ?6.837 29.078 7.228 40.596 32.917 3.598 6.600 130,435 35,678 7.228 40.618 32,917 22 Total ineome and endowments 236.656 10.198 22 246.876 Expenditure on: Raising funds Charitable activities io 7.541 243.464 7,541 253.463 9.977 22 Total expenditure 251.(N)5 9.977 22 261,004 Nct gain51llos5es) on inTr'cstmcnts 15 3i.4i9 35,459 Net incomel(expenditure) (14.349) 3).459 221 21.331 Transfers between funds 25.135 125.000) {135 Net movement in funds 12 10.786 10.4)9 86 21,331 Reconciliation of funds: Fund balancLS at l Januar). 2023 49.048 .117.910 33.213 2.690 1.202.861 Fund balance5 71t JI December 2023 i9.834 1.128.369 33.299 2.690 -224.192 page 8
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SWITHUN, EAST GRINSTEAD BAI.ANCE SHEET ASAT31 DECEMBER 2024 2D24 2U23 'Idngible Lsbets JTrv¢%imint5 17 450.000 565.IH5 45(I.tM)O 553.J69 18 1.015.045 i.(X)3.369 Currenl asStt$ Dibiors Cash at bank and in hand 19 30.191 200.887 25.523 221,746 231.078 ?47.269 C-redItr1. amounts falllng due wiihin one ve#r 20 (15.734) 126.4461 ei currtni a55eis 215.i44 22(1.823 Tvil turrtnl liabililie 1.230.38C) 1.224.192 "Ihe fuDt15 of ihe ¢hariiv li 2.()90 32.876 30.015 1.164.80¥ 2_690 3?.299 59,834 1,12¥.369 ReslTlCted incotne lund8 IlnLslrictLd lunds" general ljnrestrscttd funds- designad 24 22 l.?Ill.IX9 -224.192 hL linaJ]Lial stalL'mLnlS IVL'fL" 3 rove JhyihLI 5tLY5 On A Durrant Rei.. Luke McKinTKin Whitcman Vker nd Trn5ttt paee 9
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SWITHUN, EAST GRINSTEAD NOTES TO THE FINANCIAL STATEMEiYrs FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Charity informatio The Parochial Church Council of the Ecclesiasiical Parish of Si SithUn. East CJrinstead is a charitv with registered otTice". Si Swiihun's Parish OtTice, Si SM iihun's Close. F.asi GrInsad Rl 119 3BB. 1.1 Accounting convention "I'he financial siaiement5 hai'e been prepared in a¢¢ordan¢e m.ith the charit!" s goveming documeni. Ihe Charilies Act 201 I, FRS 102 -The financial Rcporting Standard applicablc in the Uk and Republic ot Ir¢land-" {-'FRS 102-") and the Charitics SORP "Accounting and RLWrting b!. Charitics.. Staicmcnt of RccotninundLd PractiCL applicablc to charitics preparing Iheir ac¢ouns in a¢cordance ii.ith the Financial Rewrting Standard applicable in ihe LIK and Republii of Ireland (I.RS 102)" leflcctil'e l Januar%" 2019). The charits" is a Public Benefit Intity" as defined bN' FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. Thc financial statLmLnts havc dcpartLd from thc Charitics (Accounts and Rcp)rts) Rcgulations 2008 onlN' to thc cxtcnt required to prol'ide a true and fair viem.. This departure has involved folloii'ing the Statement of Recommended Practice for ¢haiili¢s applying F RS 102 rather than the version of the Sment of Recommended Praciice which is recerred to in thc Rcgulations but ii'hich has sincc iKen iyithdraiim. "I'he Iinan¢ial sialements ale prepared in sierling M"hich is the funciional curren¢!' of ihe charil!.. Monevdrv amounts in thcsc tinancial statcm¢nts arc rounded (o the nearcst £. "I'he finan¢ial statements have been prepared under the hiswri¢al cosi conNeniion. l-he principal accounting wlicies adopted arc 5Ct out below. 1.2 Going coneern At thc timc of approving thc tinancial statemcnt& the Iru5tces have a rcasonable CACtatIon ihat the charitv has adcquatc resources to continue in operational ekisience for the foreseeable future. Thus the in]stees continue to adopt the going ¢on¢ern basis ofaciouniing in preparing the financial sthleMen. 1.3 Charitable fund5 UnrLstrictid funds arc availablL for usc at thL discrclion of thc trustccs in furthcrdncc of ihcir charitablc objcctivcs. D¢5ignatcd funds are unrc5tricted tund5 Sct asidc at thc discrclion of the Irustecs to bc used for a specific pury)ose. The dcsignatLd fund for fixLd a5tS is that part of thL UtlfLStricicd funds that rcprcscnts fixcd asscts uscd in thL day. to day operation of the Charl,. Restricted lunds are subject io specifi¢ ¢ondilions bi" donors or granwrs as how the). ma). be used. 'lThe purtxises and uscs ot thc restricted lunds arc sct out in the nolcs lo the linancial slatetnents. EndoM'tnLnt funds arc subjcct to stCLf1C conditions b!. donors that thc capital inust maintaincd b). thc charit),. 1.4 Ineome Income 15 rccognised ii'hen thc charits. 15 Icgall!. cntiilcd to it after anj rfOlanCe conditions hai'e iKcn met. thc amounts can tncasurLd rcliabli.. and it is probablc that incoinc will IK rccLiVCd. Cash donations are recognised on receipt. Other donations are recoenised once the charit5. has been notified of the donaiion. unless [toM1<)n(C conditions require defetrJl of ihe amouni. Income r¢)verdble in relation lo donations reLciv¢d under gift aid or deeds of covcnant is rccogni5cd at the titnc tnonc!- is received from HMRC or at thc ycar end as a dcbtor. page 10
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SWITHUN, EAST GRINSTEAD NOTES TO THE FINANCIAL STATEMEiYrs (corfflNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Aceounting policies (Continued) Legacies are recognised on receipt or othetii'ise if Ihe chariti. has notified of an impending distribution. the amount is known, and reccipt is eAFKCted. It the amount 15 not known. thc l¢gaci' is treated as a contingent aSL 1.5 Expenditure Expenditure is recognised once there is a legal or eonstruciive obligaiion to transfer economic benefit 10 a third path, it is probable ihat a iransfer of economic knefils li.ill k required in seiilemenL and the amounl of the obligation Can be mLasurLd rLliabli". F.XTRnditure is claisified b). actiiil!. The ¢os1s of¢a¢h aclivil!, are made up of Ihe ¢oLIl of direct cosis and %liared wsls including 5UPPOrt Costs involvcd in undcrtaking cach actii"its". Direct costs attributable lo a single activits. arc allocated dircctly to that activits." Shar¥d costs M"hich contributL to morc than onc activits. and SUPFOrt costs h]ch arc not attributable to a single aciii'iti" are app)nioned kiiieen ihose aciii"ilies on a basis consisienl with the use of resources. D¢preciation charge5 are allocated on the FK>rtion of the assct s usc. 1.6 Tangible fixed assets Tangible fixed asseis are initialli. measured at cost and subsequentlN' measured al cost or valuation, net of depreciation and anN' impairmcnt Ios5CS. Deprcciation is rccogniscd so as to writc off thc cost or valuation of assets Ics5 thcir residual values over their useful lives on the following bases.. reehold land and buildings No depreciaiion The gain or loss arising on ihe distK)sal of an assel 15 dclermined as the ditTerencc iKtti'ecn the salc procccds and thc carry'ing valuc of ihc aski. and is rcco?niscd in thL StatcinLnt of financial actii'itics. 1.7 Fixed asset ini'estments ixed ¢)Sset ini'esimenis are initialls" measured at iransaction price e.x¢luding transaclion Cosls. and are subsequenil mcasured at tair valuc at cach reporting dale. Changcs ITJ tair i'aluc arc recognised in ncl incoinel(expenditurel for the year. Transaction costts are expensed as incurred. 1.8 Impairment of fixed asset$ At each reporting end datc. thc charity" rcvieM"s the carn.ing atnounls of its tangiblc a5ts to detcmiine whcthcr th¢rc is anj. indication that thosu asscts haiL suffcrL"d an iinpairniint loss. If ans- such indication cxists. thc rccovcrablc amount of Ihe asset is estimaied in order io delemiine the exn[ of the impaim)eni loss (ifani l. 1.9 Cash and cash equtYalent5 Cash and cash LqUlTr'alLnts includL cash in hand. dlSIt5 hcld at call 14.ith bank& othcr short-tcrin liquid invcsttncnts ii'ith original maturiiies of three monihs or less. and bank ovenfrafts. Bank overdrafts are shown w'ithin EOrro.1ngS in eurrent 1.10 Financial instruments The charity." has ¢l¢cted to applN' thc provisions of Section I I 'Basic financial Instrumcnts. and Section 12 '0ther Financial Instrumcnts IssuLS' of FRS 102 to all of its financial instrumcnts. inancial inslrumenis are re¢ognised in the charill's balance sheei ii.hen (he chariiN. becomes part!, lo the contraclual provisions of the in5trum¢nt. pagell
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SWITHUN, EAST GRINSTEAD NOTES TO THE FINANCIAL STATEMEiYrs (corfflNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Aceounting policies (Continued) Bosicfinanciul ussels Basic tinancial asscts. 'hICh includc dcbtors and cash and bank balances. are initiall!" measured at transaction price including transaction costs and arL" subscqucntls" carricd at atnortiscd cost using thc uffcctii'c inturcst mcthod unlLSS thL arrangement consiitutes a financing trne[lOn. ii'here the Irdnsaciion is measured at the present i'alue of the future reccipts discounted at a markct ratc of inlcrcsL financial asscts classified as r¢cciabIC .]thin onc vear arc not amortised. Bosicfinanciul liubiliti Basic tinancial liabilities. including crcditors and bank loans arc initialli. recogniKd at transaction price unless the arrangcmLnt constiiutus a financing transaction. i1.1r. IhL dLbt instrutncnt is mcasurL-d at thu prcscnt Traluc of thc futurc pa).'ments discounted at a market rate of interest. Financial liabilities classified as pai'able ii'ithin one year are not amonised. Trade crediiors are obligations to pav for ?)dS or setvices that haire been acquired in the ordinarn, course of operations from suppliers. Amounts pa)"able are ¢la55ified as curreni liabililies ifpai.meni is due wiihin one )'ear or less. Ir noL they arc prebented as non-currcnt liabilitics. Trad¢ creditors are rccogniscd initiallN" at trdnsaction pricc and subsequently mLasurLd at atllortiscd cost using thc cffcctii'c intLfLSt Incthod. 1.11 EThployee benefits The cost of an! unused holidaTr' eniiilement is recognised in the period in which the emplo)'ee s setTrices are receiiwed. Terniination bcncfits arc rccogniscd immcdiatcl!" as an ex when thc charits" is dcTnonStrab1 committed to temiinate thc ctnplol'tncnt of an cmploi'cc or to pn)vidc tcmiination bcnLfits. 1.12 Retirement benefits Pap'tncnts to dcfinLd contribution rctircmLnt IKncfit schcmcs arc chargcd as an LX]Knsc as thci. fall due. Critical accounting estimate5 and judgements In the application of the charil!. s accouniing rK)licie& the Irustres art required make judgements, eslimales and as5umption5 about thc cam.ing amount of assets and liabilitics that are not rcadili. appanI trom othcr sources. The cstimatcs and associatLd asslimptions ari bascd on historical CiFL"fiLncc and oihcr factors that arL considcrLd to L relevant. Actual results ma), differ from these estimates. Thc cstimatcs and undLrli"in2 assumptions arc rcvicm.cd on an ongoin? basis. Rcvisions to accounting cstimatcs arc recognised in the period in ivhich the estimate is revised il'here ihe revision affecis onl!. that period. or in the period of Ihe revision and l-uture periods M,here ihe reyision atTe¢is ix)ih curteni and future riods. Critieal judgements Investment valuation Valuation of invLStmcnts at markct i"aluc. bad on calculaiions bN" thc inN'cstmcnt fund managcr. Thc invcstmcnts arc all held ii'ithin recognised fimds ii'hich hale an easil). identifiable market N'alue. page 12
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SWITHUN, EAST GRINSTEAD NOTES TO THE FINANCIAL STATEMEiYrs (corfflNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donations and legacies Unrestricted funds 2024 Restricted funds 2024 Total Unre5tricied funds 2023 Restricted fllnds 2023 Total 2024 2023 l)onaiions and gifts Lcgacics Grants 124.318 6.250 14.570 5.987 130.305 6.250 14.570 125.426 1.411 3.598 129.024 1,411 145.138 5.987 lil.125 126.837 3.598 130,435 Grant incotnc compriscs.. £13,870 from the Resiord¢ion"I tusi ioii"ard5 the cosis of repairs ¢0 masonn.. £700 trom the diocesc lor vicarage redccoration and tnoTring in costs. Ineome from charitsble activities unrtricted fund5 21b24 Restricted funds 2024 Total Unre$tri¢ted funds 2023 Restricted funds 2023 Total 21b24 2023 Church activities Income ii'ithin church a¢tiviiies 35.224 7.823 43.047 29,078 6.600 35,678 Ineome from other trading activities Unrestricted Unrestricted funds funds 2024 2023 Car parking rmit5 7.847 7.228 page IJ
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SWITHUN, EAST GRINSTEAD NOTES TO THE FINANCIAL STATEMEiYrs (corfflNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from investments Unrestricted Endowment funds funds 2024 2024 Total Unrestricted Endowment funds funds 2023 2023 Total 2024 2023 Rental income Incotnc frotn inl'csttncnts 'ith CCLA 17.350 17.350 17.040 17,040 25.846 115 25.961 23.556 22 23,578 43.196 43.311 40.596 22 40.618 Other income Unrestricted Unrestricted funds funds 2024 2023 Net gain on diswsal of thngible fixed asse 32,917 Expenditure on raising funds Unrestricted Unrestricted fund$ funds 2024 2023 Fundraising Costs of rcnting pro[rty (including rcpairs and maintcnancc) 6.602 7,541 page 14
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SWITHUN, EAST GRINSTEAD NOTES TO THE FINANCIAL STATEMEiYrs (corfflNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expenditure on charitable acttyilies Church ctivities Church activities 2024 2023 Direet eosts SiafrT¢osts Church activities 22,187 188.149 181,252 204,271 210.336 Share of support and governanee eosts (see note 11 Support GovLrnance 35.539 4.373 38,909 4,218 244.183 253.463 Analysis by fund UnrLStrictLd nd5- gLncral Restricted funds Endois'mcnt funds 229,950 14,233 243.464 9.977 22 244.183 253,463 page 15
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SWITHUN, EAST GRINSTEAD NOTES TO THE FINANCIAL STATEMEiYrs (corfflNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Outward Giving Donations 2024 2023 Overseas Mer¢v Ships USPG Mission Aviation Fello'ship Embrace the Middle East Practical Action CMS 600 1.000 1.000 900 800 500 700 400 600 400 600 1.000 1,000 900 800 500 iOO 400 400 400 Mi5SiOll to 5¢afaT5 Tear Fund Ripple F.ITecl BiblL SociLtv 6.900 6,500 Home Dioccsan Family Supw)n Work .as1 Grinstead F'ood Ilank Chestnut Trc¢ House Childrcn's Hospicc St Catherine's Hospice Craii.le), Open Ilouse Church Artni. Broadfield Parish Nurse Children's Society. Satnartians TunbridgL .C1]S Sussex Pathways 1.000 1,000 700 1,200 1,000 700 700 2.535 1,095 2.194 1,200 1,000 700 500 334 400 300 400 300 7.000 10,258 Support cost$ allocated to ae¢ivitie$ 2024 2023 Church maintcnancc Hall runnning costs oiricc expen5CS GovLrnancc costs 25.266 4,974 5.299 4.373 27,113 5.639 6.157 4.218 39.912 43,127 Analysed between: Church activitics 39.912 43.127 page 16
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SWITHUN, EAST GRINSTEAD NOTES TO THE FINANCIAL STATEMEiYrs (corfflNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support cost$ allo¢ated to ae¢ivitie$ (Continued) 2024 2023 Governance costs comprise: Audit fees Accountanc Bank charges 3.643 665 65 3,000 1,068 150 4.373 4.218 12 Net movement in funds 2024 2023 The nct tnovctnent in funds is 5talcd aftcr chargingl(crcditingl= Fees pavable for the independent examinaiion of Ihe charih s financial statements L05Q(protitl on disposal of tangible fixcd assets 3.643 3,000 (32.9171 13 Trustees None of ihe iruslees (or an). perwns conneCd M ith them) receiN'ed an tlmuneration or benefits from the charil), during the )'¢ar. 14 Employees Thc avLragL tnonthl). nUmr of cmplo!'LYS during thL l.car was.. 2024 Number 2023 umber Employment eosts 2024 2023 Wages and salaries Other FKn5ion cost5 22,855 22,038 149 23.019 22,187 There wer¢ no employees whose annual remuneraiion m.as mott than £60.000. page 17
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SWITHUN, EAST GRINSTEAD NOTES TO THE FINANCIAL STATEMEiYrs (corfflNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Employees (Continued) Remuneration of key management personnel The rctnuncration of kcN' managctncnt )ne1 was a5 follows: 2024 2023 Aggregate compensation IS Gains and losses on investments Unrestricted Unrestricted funds funds designated designated 2024 2023 Gains/(losses) arising on.. Rcvaluation of invLStmLnts 11,6)2 3).459 16 Taxation The charity. is cAcmpt trom t&i on income and gains falling within section ioi of the T¢5 Aci 1988 or section 252 of thc T&xation of Chargcablc Gains Act 1992 to thc cxtLnt that thcsc arc applicd to its charitablu objccts. Tangible fixed a$$ets Freehold land d buildings Cost At l JanuaTr' 2024 450.000 At 31 Dccember 2024 450.000 Carr)'ing amount At 31 DLccmbcr 2024 450.000 At 31 Dccember 2023 450.000 page 18
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SWITHUN, EAST GRINSTEAD NOTES TO THE FINANCIAL STATEMEiYrs (corfflNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Tangible fixed a$$ets (Continued) Freehold land and buildings comprise.. Freehold land- being rwo plots on the south side of Ea GrInead knoiin as Lors 1479 and 1876 in the Deeds. Lot 1479 is on Coomix I lill Road and 1.01 1876 is al the Corner of Coomb¢ I lill Road and Wesl I loaihli Road. l)uring Ihe )'ear, ex[KnditU ha5 be¢n incurred to 5cttlc Icgal tccs in connection ll the tailcd planning application to develop thc land at Lot 1479. Thc PCC considcrs thLSL plots havc a valuc of £IO.000 on thc basis of thcir currcnt and ihcN' haTrc bccn so valucd b), Park & Baile!,. The triistees have considered the 2009 valuaiions and after comparine 10 market conditions. the trustees consider thc 2009 valuation is still valid. Sunnyside I lall - Ihis building. on 1.01 1876. became vesied in ihe PCC on 25 March 2007. Mhen the prelouS lease tcrminatLd. It is includcd at valuation bi. Park & Bailil, at 26 Januan. 2009 of £100.000. Thc trustccs hai'c considcrcd thL 2009 valuation and after comparing io market condiiions. the in]siees consider the 2009 valuation is still valid. 21 Bourg dc Pcagc AvLnuc- this pn)Ftrts' 'aS pUrchad in April 2008. for occupation b), thc curatc in post at thc titnc. at a cost ol- £310.000 and Mas l-unded in part bi" a l)iocesan loan i%"hich m.as repaid in 0¢ber 2014. -1.he propertj was included at valuation b). Park & Bail¢!" at 26 Januan" 2009 01. £290.000. Th¢ trustces looked market conditions and similar proth. salis and rLvaluLd this pro. to £340,0 in DLYLMr 2014. Church Hall - thi5 is an cxtcnsion lo ihc church. ii'hich is built on consecratcd land and cannot iK sold separately to thc main Church and -]g inaliLnablc it is not considLrcd appropriatc to placc an). valuc on it. 18 Fixed asset investments CCLA Investments Cost or valuation At l JanuaTh' 2024 Additions Valuation changcs 553,369 24 11.652 At 31 Dccember 2024 56i.045 Carr)'ing amount At 31 DLccmbcr 2024 565.045 At 31 Dcccmber 2023 553.369 Historical cost: At 31 DLccmbcr 2024.. £415.024 At 31 December 2023.. £415.000 Ini'cstmLnts arc hLld primarils. to pn)i'idi an invcstincnt rcturn for thc church. All iniTCStmcnt asscts arc hcld in thc UK. page 19
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SWITHUN, EAST GRINSTEAD NOTES TO THE FINANCIAL STATEMEiYrs (corfflNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Debtors 2024 2023 Amounts falling due within one year: Other debtors PrLpa} mLnts and accrucd income 21,164 9.027 15,826 9,697 30.191 25,)23 20 Creditors: amounts falling due within one year 2024 2023 OthLr taxation and social sccurity. Other creditors Accruals and defcrrcd iT]COTnc 187 5.675 9.872 182 7,403 18.861 15.734 26.446 21 Retirement benefit Schemes 2024 2023 Defined eontribution schemes Chargc to profit or loss in r¢sct of dcfincd contribution schctncs 164 149 Thc charity opcrdtLS a dLfincd contribuiion tKnsion schcinL for all qualifi.ing cmplos'ccs. Thc asscts of thc schctnc arc held separatel. from those of the charity. in an independenil!. administered fund. page 20
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SWITHUN, EAST GRINSTEAD NOTES TO THE FINANCIAL STATEMEiYrs (corfflNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 22 Unrestricted funds- designated The5c unrcstrictcd funds ivhich arc matcrial to thc charity"'s activitic At l J•nu•ry' 2024 Transfers Gains andAt 31 December losses 2024 Land and Building Invesiments 470.000 678.369 450.000 714.808 24.787 11,652 1.128.369 24.787 11.652 ,164.808 Previous year: At l January 2023 Transfers Gains andAt 31 December losses 2023 Land and Building Ini'esimenis 600.000 517.910 1150.OIM)I 125.000 450.000 678,369 35,459 1.117.910 (25.IXKI) 35,459 .128.369 The designated fund represents funds M'hi¢h are in properti" and inVeMen held b). Ihe charits,. 23 Endowment funds Endoii'mcnt funds represent a5SCts ii.hich tnust be hcld [MaentI1. M" th¢ chariti". Incoillc arising on the ¢ndoTh'ment funds can bc uscd in accordancL Ii'iih ihL objcus of thc chariti" and is includLd as unrL-sirictcd incomc..4n!.' capital gains or losses arising on the assets forni part olthe fund. At l Januarv 2024 Incoming resollrees Resources expended Tran5fersAt 31 December 2024 Permanent endowments Betchlcw Trust Fund St SNTr'ithun's Crdwfurd Trust 2.ilo 180 {115) 2.510 180 2.690 (115) 2.690 page21
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SWITHUN, EAST GRINSTEAD NOTES TO THE FINANCIAL STATEMEiYrs (corfflNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 23 Endowment funds (Continued) Previous year: At l January 2023 Ineoming re50urce5 Resollrees expended TransfersAt 31 December 2023 Permanent endowments BctchlLV Trusi Fund Si Swiihun's Crawlurd-I"rust 2.ilo 180 22 (22) 2.510 180 2.690 22 {221 2,690 Betchle!, Trust Fund - this is held on behalf of St. Luke's Church in the CBF Dep)sit Fund. the interest on h]ch would contribute to the curate's stin(L ifa curate il.as in wTrsi_ Si SIN'ithun's cra.fUrd Tn]st Fund- this is held in the CBF Dewsit Fun the interest on which is available to maintain a Sancluar) lamp. 24 Unrestricted funds The unrestricted funds of thc charit!. comprisc ihc unciEKndcd balanccs ofdonations and grants ii.hich ar¢ not subject to spccific condiiions bi. dollo and grantors as to hoii" thL!" Ina!" ukd. Th¢ Inclu dcsignatcd funds which havc bccn set aside out of unrestrled funds b!. the trustees for Sc]fiC purwses. At l Januar). 2024 Incoming resollrees Resources expended Tran5fersAt 31 December 2024 General funds 59.834 231.405 1236.5521 1?4,6721 30,015 Previous year: At l January 2023 Ineoming re50urce5 Resollrees expended TransfersAt 31 December 2023 General funds 49.048 236.656 (251.005) 25.135 59,834 page 22
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SWITHUN, EAST GRINSTEAD NOTES TO THE FINANCIAL STATEMEiYrs (corfflNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 25 Restricted funds The restricted funds of the chants" cotnpri5C thc uncxpcnded balances of donations and grants held on trust subject to spccific conditions b). donors as to hoii. thc!. ma). bc uscd. At l January 2024 Incoming resources Resource5 expended Tran5fersAt 31 December 2024 St SNTr'ithun's Group's Funds Vicar's l)is¢retion Donations to Floodlighting Sponsorship Fabric Fund Youth Donations Verger's Fees Si l.uke.s Fabric F und St Barnabas Fabric Fund OutsN'ard Giving Donations 10.083 55 7.823 {8.?46) 9,660 55 240 14.460 352 160 3.663 4,286 240 14,460 352 160 3,663 4.286 5.987 15.9871 33.299 13.810 114.233) 32,876 Previous year: At l January 2023 Incoming resour¢es Resollrtes expended TransfersAt 31 December 2023 SI Sm'iihun's Group's Funds Vicar's Discretion Donaiions to Floodlighting Sponsorship Fabric Fund Youth Donations Verger's Fees St Luke's Fabric Fund Si Ilamab¢lS Fabrii F'und SunnTr'sidc Rent DetK)sit OuttN'ard Cliving Donations 9,324 55 6.600 (5,706) {135} 10,083 55 235 240 14.460 352 160 3.663 4,286 14.460 35? 160 3.723 4.286 847 (60) 18471 I3.3) 3.363 33.213 10.198 19.977) 1135) 33.299 page 2J
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SWITHUN, EAST GRINSTEAD NOTES TO THE FINANCIAL STATEMEiYrs (corfflNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 25 Restricted funds (Continued) The restricted funds listed aLM)ve are for the folloii'ing purtx)ses= St S.]thUn, Group's Funds- Donations reccivcd. Ics5 expenditure oti group5 that oprratc within the church. Vicar's DiscrLtion- To - ud at thL Vicar's discrction for p-oplc in ncud Donaiions io Floodlighting Sp)nsorship - Income from s]M)nsorship - flIK)dlights requested for anniversaries or birthdaN s. l-unds to be used fc)r repairs Fabric Fund- To be used lor tunding major fund repair5 to church building Youth Donaiions- To be used for l'outh projecis bui da!. 10 da! costs of l'outh ii'ork go through the unrestricted funds Verger's Fees-"lo be used lo fund verger St Lukc's Fabric fund- Sct asidc lor repairs to St Lukc's cotnmunits. roo St Barnabas Fabric Fund - For rcpairs to St Barnabas. but as that building has noiv cn sold. thc PCC arc now in thc proiess ofdeiiding hi)w these lunds Should k used SunnTr'sidc Rcnt Deposit - A rent deEK)Sit paid b!" Toi" Box nurscn" so it is pal-able hen the lease ends. Thi5 has noTh' bccn movcd to othcr crcditors. Restoration Trust CJrant- Grant receiN'ed in 2022 lor repairs incurred in 20?1 Oulm'ards Giving Donations- Restricted donaiion5 receii ed and paid other chariiies 26 Analysis of net assets between funds Unrestricted Unrestricted funds funds general designated 2024 2024 Restrieted funds Endowment funds Total 2024 2024 2024 At 31 December2024= Tangible assets Invesiments Current ¢)sseig(liabililies) 450.000 56i.045 149.763 450.000 565.045 215,344 30.015 32.876 2,690 30.015 1.164.808 32,876 2.690 ,230.389 Unrestricted UDrestricte41 funds funds general deSIgted 2023 2023 Restricted funds End01ent funds Total 2023 2023 2023 At31 December2023: Tangiblc a5tS Ini'esimenis Currcnt asset[]]abllltICs) 450.0 55J.J69 175.000 4iO.000 553,369 220.823 i9.834 33.299 2.690 i9.834 1.128.369 33.299 2.690 -224.192 page 24
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SWITHUN, EAST GRINSTEAD NOTES TO THE FINANCIAL STATEMEiYrs (corfflNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 27 Related party transactions Tran5aCti011S With related partie5 During the Tr'ear the ciwit), entered into the following trdnsaciions with related parties.. Grants received 2024 2023 St Sm'ithun s Church. East Grinstcad Restoration Trust 13.870 The following amounts ii'crc outstanding at thc r¢wTrrting end datc: Amounts owed to related parties 2024 2023 John Durrant 50 page 25