Trustees Annual Report and Financial Report The Parochial Church Council of the Ecclesiastical Parish of Mayfield St Dunstan's Church, Mayfield High Street. Mayfleld TN20 6AQ F<egistere-, For the year ended 31st December 2024 CONTENTS Page Trustees annual report 13 Statement of financial activities 14 Balance Sheet 15 Notes to the accounts 24 Report of the independent examiner Ivebsite: www.stdunstansma field.or Iiicumbent-. Fr. ichael AsqLAilh The Vicarage High Street, Malifield TN20 6Bt Independent Viiicent Blarte, The Old CarmhoLise. Toi'¥l) Row Green, examiner.. Rotherfielcl TNE 3QLI Bankers_. National Westminster Bank plc 89 Mount Street. Wells INI IQJ iunbridge
St Dunstan's, Mayfield Trustees Annual Report for 2024 Administrative Information The Parochial Church Council of Mayfield & Five Ashes was formed as a combined entity in April 2006. It is part of the Diocese of Chichester within the Church of England. The Parish is a Charity and was registered as an independent charity with the Charity Commission during 2009 (Registered Charity Number= 1132001). It is governed under the powers of the Parochial Church Council (Powers) Measure {1956) as amended and Church Representation Rules as amended. During the year April 2024 to March 2025 the following served as Members of the Mayfield & Five Ashes Parochial Church Council {PCC): Ex-officio Members Incumbent Deacon Fr. Michael Asqulth Revd. Di Blackden Chairman Elected Members Churchwardens Stephen Blurton Carl Walters (elected June 20241 Deanery Synod Phyllida de Salis Karen Mack Emma Ryder Richardson Sue Smith Ordinary Members Karen Dines Robin Holliday Lindy James Guy Mantoura Tim Reid Rachel Robinson Roger Salwey Kate Sanday David Whittall Treasurer
Structure, Governance & Management Membership of the PCC is determined under the Church Representation Rules and consists of certain ex-officio members: Churchwardens and up to 4 members of the Deanery Synod,. plus up to 10 members of the Church who are elected by the Annual Parochial Church Meeting IAPCMI. Members are warmly encouraged to stand for election to the PCC and a balance of skills and experience is sought where possible. The full PCC has met on 6 occasions over the calendar year. Meetings were held in London House in person. Additionally, 6 Standing Committee meeting5 were held to prepare the agenda for the full meeting and to discus5 matters of a more personal nature. Our Aims and Purposes as a Charity The PCC has the responsibility of maintaining the life of the church and to co-operate with the incumbent, Fr. Michael Asquith, in= The promotion of the gospel of the Lord Jesus Christ according to the doctrines and practices of the Church of England- Promoting in the parish the whole mission of the church, pastoral, social, evangelistic and ecumenical To know Jesus better and make Him better known Practical support and care for people in the parish, from the youngest to the eldest, irrespective of level of need or. ability to pay Providing financial support to those in need and, to other organisations with similar objectives The PCC also contributes to the provision of services at the Cottage Hospice, Five Ashes What we Planned to do to Achieve our Charitable Objectives When planning our activities for the year. the PCC and the incumbent. have considered the Charity Commission's guidance on public benefit and the specific guidance on 'charities for the advancement of religion,. The council has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, fully recognising its duty to have due regard to House of Bishops, guidance on safeguarding children and vulnerable adults. For this year we discussed and planned the following objectives and activities to fulfil our aims: Enabling as many people as possible to visit and enjoy the peace, history and spirituality associated with our church Enabling as many people as possible to worship at our church Enabling as many people as possible to become part of our parish community Baptising and nurturing new and existing believers Maintaining an OveieW of worship throughout the parish
Provision of teaching on religious matters Considering how services can involve the many groups that live within the parish Putting faith into practice, through prayer and scripture, music and sacrament Offering worship and prayer, learning about the Gospel, in small group situations Assisting people from all walks of life to develop their knowledge of, and trust in, Jesus Provision of pastoral care for people living in the parish Reaching out to the unchurched through provision of offering food at Harvest Maintaining the fabric of our Grade I listed church building as a historic centre and focus of life in the village Co-ordinating and meeting a significant proportion of the costs pertaining to the maintenance of our shared Parish Church Yard What we achieved and how we affected beneficiaries, lives Attendance at worship The church family welcomes visitors from within as well as outside the parish boundary. Visitors attend by personal choice and, it is our great pleasure to welcome anyone from all walks of life to take part in the life of the church. We contend that voluntary attendance to worship the Lord Jesus Christ, Is a major demonstration of the public benefit of our activities. In 2022 we prepared a parish plan to cover the next few years entitled 'God's Church, our Future - Expanding Horizons, to stimulate ideas for growth. As an ancient country parish, we emphasise the pastoral ministry recogni5ing the challenge to aging and conseTvative congregations like ours is to shift the predominant mindset to a more missional way of thinking so that we can reach a wider, younger and more diverse group of people. The PCC recognise change, and growth comes through incremental steps, and this has underpinned our work over the year. From our mission statement return to the Diocese, Easter services attracted an attendance of 137 and taking October as a representative month, the average weekly Sunday and Wednesday attendance, counted during that month was 60 adults and 4 children {2023- 85 adults and 5 children though this included harvest and other special services). Choral Evensong attracted 40 on the fourth Sunday of that month. Our Christmas services for Christingle, Midnight Mass and Christmas Day attracted over 624 worshippers of all ages, surpassing the previous yearfs high figure of over 597. Additionally, we hosted three schools for their Christmas services that attracted 730 children and adults in total. Taking the year. the electoral role remained the same at 152 but we estimate the worshipping community remained stable at around 100. Teaching Baptising and nurturing new and existing believers: During the year there have been 8 weddings, I bapt15m and 19 funerals / burial of ashes. Sunday Club operates most Sundays with teaching of Christian principles to the young of our parish.
Evangelism and Outreach MAYFACS At the start of 2023 Mayfield and Five Ashes Community SeNices ("MAYFACS"}, the charity that serves the local villages moved into London House on a shared basis using the two front rooms in our property on the High Street. This central location for them has proved to be a great success and we are delighted to be of service to this important community organisation. Music At the end of 2023 Jack Gonzalez-Harding resigned his post as our Director of Music to further develop his music career. In April 2024 we welcomed our new Director of Music, Lucy Piercy to St Dunstan's. Under Lucy's leadership the choir enjoyed an exceptional year maintaining it5 reputation within both the Parish and the Diocese. The high standard of choral music enriched the services throughout the year. At St Dunstan's we value our musical heritage to encourage people to visit and spend time in the church whether believers or not. We actively encourage the use of the church for concerts so that large numbers of people may enjoy the beautiful ambience of the building and appreciate the re levance of the church in village life. As well as the church choir enjoying great success, the Mayfield Festival Choir, consisting of some 80 singers, staged two critically acclaimed concerts during the year to capacity audiences. Both concerts involved some 10 preceding rehearsal sessions, which again is a wonderful use of the building, and we are pleased to hostthem. The Friends of Music in Mayfield used St Dunstan's as their primary venue for their Biannual Music Festival in April / May 2024. Plans are already well in hand for the Spring 2026 event. Lent Once again. we were able to host a series of Lenten lunches that raised funds for MAYFACS the Cottage Hospice in Five Ashes, Family Support Work in Sussex, Friends of the Holy Land and Friends of St. Dunstan's. These were well attended not only by villagers but also by people from a5 far away as Tunbridge Wells and environs. A Lent course was also held using materials supplied by the Diocese. Eco Church Eco Church is a scheme run by A Rocha UK, equipping churches to care for God's creation through their worship, build ings, land. community engagement. and individual lifestyles. During the year an Eco Church sub-group (formed in 2022) worked to advise the PCC of ecological improvement5 in the way the estate is managed continued its work. Under the scheme we hold a Bronze Award.
Other Events Attracting a Wider Audience: l. Summer Fete and Christmas Market This year we were able to stage both a Summer Fete and a Christmas Market that attracted good numbers and raised funds for the church. 2. Harvest We again organised a catered lunch in church to celebrate 'Harvest Festival, that was attended by approximately 50 people. Proceeds from our collection went to the foodbank run by Family Support Work, a local Sussex charity. As in 2023 we were pleased to welcome into church the whole of Mayfield CofE Primary School plus some parents/guardians to celebrate their own Harvest Festival. 3. Act of Remembrance Another ecumenical service involving other churches, the Royal British Legion and Scouts was the Act of Remembrance in November. This service attracted many participants. An Act of Remembrance was also held in Five Ashes on Remembrance Sunday and a short Act of Remembrance was held at 11am on Remembrance Day which was well attended. 4. The Village High Street As part of the village's late night shopping evening in November, we opened the church and served mulled wine. This popular event attracted many people who came to the church and enjoyed the hospitality on offer. 5. Churchyard The upkeep of our 'open' and Parish Churchyard is a primary responsibility of the PCC, but in this task, we are most grateful for the help received from various village organisations. Such collaboration is important part of ourvillage outreach. 6. School Visits: We were very pleased to welcome Mayfield C of E Primary School together with parents for special services at Easter and Harvest and Christmas. Five Ashes C of E primary school joined for the Christmas service and years 3 and 4 also visited the church to find out more about all that happens here. Fr Michael even managed to get some of them wet! It was also a pleasure to welcome back Skippers Prep School for their Christmas Carol Service. A team from the church visits Mayfield and Fives Ashes CofE Primary Schools on a regular b3SlS With their 'St Dunstan's storytellers. school assembly bible story enactments. Provision of the Church Building for People to Enjoy: St. Dunstan's church continues to be appreciated by our parishioners and many others, as a space where life events are celebrated with joy and thanksgiving. It is importa nt to us that the church is available for private prayer not just to the church fa m ily but to the widervisiting community. To this end the church building is open during the day and the many entries in the visitors, book testify to the importance of access. It is notable this year how many people from all round the world have come in and made an appreciative comment.
Many remark not only how refreshing it is to find an open church but. also the sense of peacefulness and spiritua lity that pervades. Other remarks include the sense of history within; that people of much earlier generations found life and presence there and, comments on the appreciation of the architectural beauty of the building. We also have a labyrinth laid out in the churchyard as a space for contemplative reflection. Church Building and Future Projects During the year the PCC is looking at the feasibility and funding of installing glass doors and or a glass porch for the south entrance. This review is all part of making the church a more welcoming place to visit. Whilst this project is one the PCC is keen to pursue; the project has been deferred for the time being noting the many demands on funds at this time. rh A Faculty is in the process of being sought to renovate a fine 17 century plaque on the south wall, known as the 'Aynscombe Memorial.. We are also seeking Faculty approval to install a second hand rail on the right-hand side of the stairs leading to the High Altar. Caring for the church building is a constant and expensive concern. In this effort, we are grateful to the 'The Friends of St Dunstan's Church. for their continuing generous benefaction in helping to maintain the fabric of the church. Provision of Tangible Support to the Poor and Needy In addition to our Lenten collections, the two main charities we supported during the year were: l. Family Support Work, a local Sussex charity, that helps families struggling with issues such as poverty, ill health, learning difficulties. bereavement, family break-up and domestic abuse and, 2. Friends of the Holy Land that supports Christians in the West 8ank, Gaza and Jordan. Our Thanks In closing. we would like to thank all those who contribute to the life of St. Dunstan's-. Bellringers, Choir, Fabric and Finance Committees. Flower Guild. Gardeners and Keepers of the Churchyard, Holy Dusters and those who perform Sacristan and Sides-persons dutie5, Organ Trust, the Parish Office, the Social Committee and to those who serve our refreshments after services, Sunday Club, Fr Patrick for covering when Fr Michael is on holiday or off 'sick', and finally but not least to Fr. Michael and Deacon Di for leading worship during the year and to our fellow Trustees/members of the PCC past and present. We look forward to the challenges and opportunities of the coming year and together with all members of the congregation of St. Dunstan's being the Chri5tion Salt within our community. Trustees and Churchwardens: Father Michael Asquith. Carl Walters & Stephen Blurton
2024 Financial Review Overview 2024 was a relatively good year for the Parish. Numbers attending church were above levels seen in recent years especially over Christmas and the numbers of marriages was the highest for many years. The Church was well used outside of Parish services with the biennial Music Festival occurring, as well as a number of highly successful one off concerts. MAYFACS were also welcomed as temporary tenants in London House whist the new Village Hall is built. This led to increased income and with costs being controlled, lower net expenditure being seen. Investment gains were modest1£17.0001 and thus expenditure continued to exceed the levels of income including such gains. However the fact remains that it still cost the PCC almost £24.0(K]. before property project Costs, more in the year than the income generated. With ambitious plans to increase expenditure on outreach work amongst the young in the Parish over the next few years financed from legacies received in the past it will be important to bolster the financial stability of the PCC day to day. Income and Expenditure The bedrock of the PCC'S income remains the financial support received from Parishioners through our Planned Giving and other arrangements. Giving increased over the year, but it was a tale of two halves with the first 6 months seeing 5Yo+ increases on previous year levels, but falling away towards the end of the year- which is continuing into 2025. The PCC is most grateful to all those who support the Church, mission, and our aim in 2025 is to increase once more the numbers who give on a regular basis. The PCC has embraced different methods of giving and has seen significant increases in the level of income though the cashless Card reader whilst collection levels. including gift aided weekly donations within the services, have fallen. The PCC receives regular donations now through the Parish Giving scheme, the Card and QR reader by the door. and from standing orders into the PCC bank account. Since 2017, non-gift aided giving has fully benefitted from the 25% increase in value under the Gift Aid Small Donations Scheme, but the level has increased to the limit of the scheme. As a result, the PCC will be encouraging membership of the gift aided Parish Giving Scheme once more to benefit from the increment given by HMG. Please join the scheme if you can, it helps the church enormously. The PCC continues to be thankful for the support it receives from the Nicholson Trust, and the Friends of the St Dunstan's Church who support the costs of work on the fabric of the Church. Whilst the Churchyard is there for all the village, it is the responsibility of the Church to maintain it, but the PCC is grateful for the support it gets from the other churches in Mayfield, the Parish Council and the Friends of St Dunstan's Churchyard. Costs are significant and have risen to £12.000 p a prior to necessary work on the trees and the PCC will need to look again at working with others to cover the increased costs of this vital village asset. The number of weddings increased. and this is not only to be welcomed within the mission of the church but has a positive financial impact, as well as providing some wonderful flower arrangements.
Costs have moderated in 2024 but were well above 2022 levels. The major cost remains the £73,609 paid to the Diocese of Chichester who pay for our priests, their housing, pensions and training, as well as the running costs of the Diocese and certain national costs of the church. Legacies Over the years, the PCC has benefitted substantially from Legacies. Indeed, the PCC could not continue to operate as it does without drawing on its reserves which have been created from Legacles. During the year the PCC was most grateful to have received a Legacy from Sheila Humphrey. Restricted Funds These continue to serve the purposes for which they were established. P C C Charitable Giving The accounts contain reference to the money directly raised by the PCC for its two chosen charities- the Friends of the Holyland and Family Support Work. As noted, the figures are not relevant a5 much more is remitted directly. However. the initiatives taken to have an appeal for the Holyland in the light of the Gaza situation as well as a Lenten Lunch, and to support FSW through a Lenten and a Harvest lunch were well received. In Lent weekly lunches are organised for different charities each week and these continue to be very successful and enjoyable. Staff and Volunteers During the year, in addition to Fr Michael. whom the Diocese pays, the P.C.C. employed an Administrator, a Cleaner for London House, and a Musical Director. Additionally the PCC contracts out the maintenance of the Churchyard. It ha5 been well served by them all, but the PCC is reliant on volunteers in every aspect of its operation and is grateful to so many who do so much for the benefit of the Church and its mission, including all those involved with the independent charities which support the Church financially. Reserves The agreed minimum fiEure of £400.000 for the value of liquidity in the General Fund reserves has been exceeded The level required is reviewed annually. in line with the view of the extent they will be relied upon for the future operation of the Parish. The Trustees do not believe there to be any material uncertainties about the charity's ability to continue. Risk Management The PCC examines major risks that the Parish faces each year during its activities and establishes policies where appropriate. Public Benefit The Trustees have complied with the duty in section 4 of the 2011 Charities Act to have due regard to guidance published by the Charities Commission on public benefit, which has been reported upon earlier. io
Lookin Forward The PCC has much to be thankful for. It receives generous support from its Parishioners both from their invo Ivement in so many spheres of Parish life. and financially, as it does also from local Trusts and charities. However, the major financial challenge remains to seek to balance the books of the PCC on a day-to- day basis, so that the Legacy monies can be used to further the mission of the church. The aim must be to ensure there is a clear viable future for the Parish as we know it today looking into the medium term. The short term is secure. but the long term may bring further pressures. li
Annual Financial Report The Parochial Church Council of the Ecclesiastical Parish of Mayfield London House, High Street, Mayf ield, East Sussex, TN20 6AQ Registered Ch3rity no. 1132001 For the year ended 31st December 2024 CONTENTS Page 13 Statement of Financial Activities Page 14 Balance Sheet Page 15 Notes to the Financial Report 12
Statement of Financial Activities Total Funds 2024 Totul Fund5 Notes Unrestricted Fund Restricted Fund Endowed Fund 2023 Incorne and endowments from: Donations 75.966 9,338 85,354 88.553 Charitablie activities 6.621 10.354 16.975 11,220 Other trading activities Investments 23,733 2,013 25.746 24,169 3,422 3,332 6,754 5,905 Other receipts Total income 109.742 25,087 134,829 129,847 Expenditure on: Raising funds Charitable actNities 126.107 22,221 148.328 145,123 Other trading activities Fabric expenditure%las5 doors 8.044 1,235 9.279 15,112 1.800 L800 5,808 Total expenditure 135,951 23.456 159,407 166.043 Net gain5 lor losses) in year on investments realised 8b Net income or (net expenditure) (26,209) 1.631 {24,578) 136,196) TransfÈrs between funds Other recogni5ed gainslllosses): Gains/ losses on revaluation of investments 8b 9,439 7.911 17.350 (19,8461 Net movement in funds (16.7701 9.542 (7.228) 156,042) Total funds brought foThiard 1,021,324 171,951 30.IX)0 1.223.275 1,279,317 1 Total funds carried for4vard I.IX14.554 181,493 30,1 1.216.047 1,223.275 13
Balance Sheet Total Funds Total Funds 31 December 2024 2023 Notes Tangible assets Heritage assets Endowment investments 277.838 282,201 30.000 30.000 Total fixed assets 307.838 312.201 1 8a Debtors 6.876 6,760 io Investments 861,224 843,874 8b Cash and deposits at bank and in hand 42,279 63.471 Total current as5et5 910,379 914.105 Creditors= Amounts falling due wtthin one year 12.1701 13,0311 li Net current assets 908.209 911,074 Total assets less current liabilities 1.216,047 1 1,223,275 Creditors: Amounts falling due after more than one year Provisions for liabilities Total net assets or (liabilities) 1,216,047 1,223,275 The Funds of the Charity Endowment funds 30,000 Restricted income funds ex revaluation reserves 141.154 139,523 Restricted income revaluation resetve 40,339 32.428 Total Restrirted income Funds 181,493 171.951 Unrestrirted funds ex revaluation reserves 807.350 833,559 Unrestrirted Funds revaluation reserve 197,204 187.765 Total unrestricted funds 1,004,554 1,021.324 Total charity funds 1,214047 1.223.275 12 This Financial Report for the year ended 31st December 2024, including the notes following, was approved by the PCC and signed on its behalf by Rev'd Michael AsqUIth= Signed: th Date.. 6 April 2024 14
Notes to the Financial Report Accounting policies Basis of preparation The PCC is a public benefit entity within the meaning of FR5102. The financial statements have been prepared under the Charities Act 2011 and the Church Accounting Regulations 2006, in accordance with applicable accounting standards and the current12016} Statement of Recommended Practice. Accounting and Reporting by Charities, ISORP IFRS 10211. The financial statements have been prepared under the historical cost convention as modified by the inclusion of investrnents at market value. 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. The accounts have been prepared on the Going Concern basis as there are no material uncertainties about the charity's ability to continue. Funds accounting Funds held by the PCC are: Unrestrictedfunds- general funds which can be used for PCC ordinary purposes. Re5trictedfunds- al income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest- bl donations 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 Endowmentfunds- funds for which the capital must be maintained- only 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 term5 of the original endowment Income and endowments All income and endowments, accounted for without deduction for any costs of their receipt, are recognised when there is evidence of entitlement. receipt is probable. and the amount can be measured reliably Donations and legacies Collections are recognised when received. Plonned giving receivable is recognised when received. Gift old recovered is recognised when the income to which it is attached is recognised. Grants and legocies are fecognised when the formal offer in writing of the funding is received by the PCC and payment is certain. Charitable activities Statutory fees for weddings and funerals are recognised when the office occurs. Other trading activities Trading activities are where income is receivable in return for selling goods or providing services. Income from trading is recognised either, when received or lin the case of concerts) for the year in which the event occurs. irrespective of date of receipt. Advance bookings are included in creditors until the concert has taken place. 15
Sales of magazines and study notes are recognised when received. Rents from property are recognised in accordance with the rental agreements. when recelpt is probable. Investment Dividends are accounted for when received. Interest entitlements are accounted for as they accrue. All other income All other income Is recognised in accordance with the above over311 policy. Gains and losses on investments Realised gains are recognised when the investments are sold. Unrealised gains and losses are accounted for on revaluation at 31 December. Expenditure Expenditure 15 recognised when there is evidence of entitlement. payment is probable and the amount can be measured reliably. Grants Grants and donations are accounted for when paid over. or when awarded where the award creates a binding obligation on the PCC. Grants received are accounted for when received. Church activities The Diocesan Parish Share is accounted for on an annual basis as paid and reflects the allocation agreed by the PCC with the Deanery/Diocese. Fixed assets Tangiblefixed assets Consecrated and beneficed property of any kind is exduded from the accounts by s.10(21 of the Charities Act 2011. Movable Church furnishing held by the Vicar and Churchwardens on special trust for the PCC and which require a Faculty for disposal. are accounted 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. All expenditure on consecrated or beneficed buildings and indivldual items costing under £1,000 are written off in the year they were incurred. Depreciation Depreciation is calculated to write down the cost of tangible fixed assets. excluding freehold properties, over their expected useful lives. The rates generally applicable are= Land and Buildings Fixtures and fittings Office equipment Heaters in London house 10% Audio visual equipment 20% No depreciation is provided on freehold buildings as the useful economic life of these assets exceeds 50 vears and residual values so high thal potential depreciation would be immaterial. It is the PCC'S policy to maintain these assets in a continual state of sound repair. Resulting from regular impairment reviews, provision will be made if there has been any permanent diminution in value. Investments Investments are stated at market value at the balance sheet date. Current Assets Short-term deposits include cash held on deposit either with the CBF Church of England Funds, or at the bank. 16
Notes to the financial report (continued) 2 Analysis of income and endowments Unrestricted Restricted Endowed Fund Fund Fund Total Fund5 2024 Totol Funds 2023 Not¢ Planned givin8 Igift aided but excl. tax refunds) Planned giving (not gift aided) Loose cash collectn5 31,917 31,917 33,069 9.282 9,282 8,682 8,333 8,333 9,843 Donations and special appeals Gift Aid recoverable 7,530 154 7.684 5.813 10,639 10,639 11.499 Appeal for PCC charities 287 287 365 Legacies 1,000 1,000 Grants 7,265 8,947 16,212 J9.282 Donations and legacies £75,966 £9,388 £85,354 £88,553 Fees for weddings & funerals 6.621 10,354 16,975 11,220 Fetes, lunches etc 5276 775 6.051 7,039 Concerts lunthes etc 595 1.238 1,833 2.489 Sales of the parish magazine and cards et Magazine advertisement fees Rent from long term let London House Rent from hourly lets London House Hlre of church for concerts etc 8354 8,354 2078 2,078 4,105 7230 7,230 5.536 Insurance claim re window 200 Other trading activities £23.733 £2,013 £Z5,746 £24.169 Bank & C8F deposit interest Dividends 1.493 823 2.316 2,932 1.929 4,438 2,973 Financial income £3.422 £3.332 £6,754 £5,905 Sale of assets rot31 income and endowments on all funds £109.742 £25.087 £134,829 Of the grants received. £810 was feceived under the Listed Places of Worship scheme created by HMG to provide grants in respect of the VAT paid on qualifying expenditure on the fabric of listed place5 of worship. £129,847 17
Notes to the Financial Report Notes to the financial report (continued) 3 Analysis of Costs Unre5trirted Restricted Fund Fund Endowed Fund Total Funds 2024 Totol Funds 2023 Note Special appeals costs Stewardship costs Grants costs Investment management costs Other fundraising costs Cost of raising funds Charitable grants and donations Administration costs 206 375 581 935 13.6121 73.630 i 13,712 55 13,867 Dioceson parish share Clergy and other people's expenses 73,609 73,609 984 449 1,433 1,173 Vicarage costs Organists costs Upkeep of services Church running costs Youth work 4.323 4,323 4,307 8,549 65 8,614 9.033 1,534 6,970 8,404 5,403 5,589 7,117 601 601 1,056 Church maintenance and repair and insurance Upkeep of churchyard ank charges Depreciation Governance 9,824 2.325 12.149 8,979 2,CK)O 11.982 13.982 14,128 187 193 193 4,363 4,363 4,365 620 620 600 Cost of charitable activities £126,107 £22.221 £148,328 £145,123 Fete costs 1,034 1,034 981 Concert and FSW lunch costs 436 1.175 1,611 3,549 London house running costs Training 6,549 6,549 lQ,582 25 60 85 Cost of other trading activities 8.044 1.235 9,279 15.112 Expenditure on fabric- major repairsl renewal 1.81x1 1,800 5,808 Total expended 135.951 23.456 159,407 166,043 18
Notes to the Financial Report 4 Missionary and charitable giving: Unrestricted Restricted Endowment Total Funds Total Funds Fund Fund/s Fundls 2024 2023 Overseas: FrienLls Of the Holyland Home: Family Support Work Hospice in the Weald British legion Total 233 375 375 724 211 206 206 206 375 814 935 Additionally the PCC is holding donations £233 due to be paid to FrÉends of the Holyland. 5 Staff costs Unrestricted Fund Restrirted Funds Endowed Funds 2024 Total Fund5 Fund emyneration Wage5 and salaries 20.900 20,9 19.445 Employer social security costs Employer pension costs 85 Total 20.985 20,98 19.44 Numbers employed The PCC employs 3 people.. an administrator. a musical director and a cleaner for London House. Fr Michael is paid by the Diocese from the Parish Share which Parishes pay to the Diocese. Volunteers are vital to all aspect5 of the charity. Areas where volunteers are essential are.. our Deacon, church services, (readers, intercessors, sidesmen. bellringers. choir members), those settlng up the church, cleaners, refreshment providers, the Flower Guild. property management including maintenance and cleaning, social committee. financial control. administration. Governance and fund raising activities 6a Payments to PCC members Fr Michael received expenses within the year relating to travel costs totalling £477 and reimbursement for minor items purchased for the church. No other member of the PCC received any payment other than reimbursement for minor items purchased. No person received remuneration in excess of £60.IXJO. 6b Transactions with persons related to PCC members- None. 19
Notes to the Financial Report 6c Transactions with related charities There have been no payments to related charities during the year. but the PCC has received financlal support from the Friends of the Mayfield Churchyard for maintenance of the churchyard, and from The Nicholson Trust for mission costs. These charitles are independent of the PCC but have a number of common Trustees. 7 Governance Unrestrirted Restrirted Funds Fund Endowed Fund Total Funds 2023 Tottsl Kunos Independent examinotion 620 620 8 Fixed assets a) Tangible fixed assets Freehold land and buildin Heaters London House Audio system Church Office ment Tot31 fixed Assets Cost or valuation At l January 2024 250,000 1.649 32.823 4,583 289,055 As at 31 December 2024 250.000 1.649 32,823 4,583 289,055 Charge for depreciation At l January 2024 Depreciation charge in year At 31 December 2024 825 3.282 2.747 6.854 4.363 165 3.282 916 990 6,564 3,663 11.217 Net book amounts At l Janu3 ry 2024 At 31 December 2024 250,0 824 29,541 1,836 282,201 250.000 659 26.259 920 277.838 The freehold land and buildings comprise London House. It was purchased in 1974 for £12,500 and the leasehold interest in a flat in London House repurchased in 2000 for £30.000. After substantial refurbishment in 2001, the Churchwardens revalued the property at £385.000. since when all costs of ownership including repairs have been expensed. An indicative valuation during 2010. led the Churchwardens to reduce the valuation to £250,000. 20
Notes to the Financial Report b) Investments Unrestricted Restricted Fund Fund Endowment Fund £ Total Market value 31 December2023 699.248 511.483 144,626 112,198 30.000 30.000 873074 653,681 1 of which cost and revaluation reseNe 187,765 32.428 220,193 Disposals at value in year of which cost Net gains1105se5 realised in year Net g3ins/losse5 realised from previous years Purchases in year at C05t Revaluation Bains in year Market value 31 December 2024 9,439 7,911 17,350 708.687 511,483 152,537 112,198 30000 1 891,224 653,681 of which cost 30,000 and revaluation reserve 197.204 40,339 237,543 The Endowed fund investments are held as a Fixed Asset. all other investments as Current Assets. During the year no sales or purchases of investments were made. Investments held at 31 December 2024 were:_ General Fund £708,687 L E Ruffer Total Return Fund 'C' accumulation units-86,898.22units value £458,892 Premier Miton Cautious Multi Asset Fund 'B' accumulation units- 59.714 units, value £196,698 Bankers Investment Trust-46,171 shares. value £53.097 Restricted Funds-Total £152,537- Endowment Fund £30.000 Organ Fund (Restritted Fundl-£120,034 L E Ruffer Total Return Fund 'C' accumulation units-9,553units value £50,446 Prernier Miton Cautious Multi Asset Fund 'B' accumulation units - 15.991 units. value £52,673 Bankers I nvestment Trust -14,709 shares. value £16,915 Bruxner Randall Fund (Restricted Fund-£30,000 Endowment) - £41,076 L E Ruffer Total Return Fund 'C' accumulation units-1,477.07 value £7,8 Premief Miton Cautious Multi Asset Fund B accumulation units - 2.673 units, value £8,805 Bankers Investment Trust-21.279 shares, value £24,471 Fabric Fund-£4,212 CBF Fixed interest Fund- 968 unils, value £1.444 M & G Charifund -188 units. value £2,768 Graveyard Fund-£17,215 CBF Fixed interest Fund- 367 units, value £547 CBF Investment Fund Income units 721 units, value £16,668 21
Notes to the Financial Re ort 9 Net assets by fund Unrestricted Funds Restricted Fund Endowed Fund rotal Funds 2024 Totol Funds 2023 Fixed assets for church use 277,838 277,838 282,201 Investments 708.687 152.537 30,0 891,224 873.874 Current assets (except cashl 2.666 4.210 6.876 6,760 Cash at bank and on deposit 17.533 24,746 42.279 63,471 Current liabilities 12,1701 12,1701 13,0311 £1,004.554 £181.493 30.(M)O £1,216,047 1,223,275 10 Debtors Unrestrirted Funds Restricted l Endowed Fynd Fund Total Funds 2024 Total Funds 2923 Income tax recoverable 1.971 1.971 2,612 Loan made to handbell Ringers 150 Prepayment kottish Power-gas 695 695 Deposit held by the Chichester Diocese for the PCC for Chance, costs 4,210 4.210 3,998 2,666 4,210 6,876 6,760 Following a legal review, investments previously held In the balance sheet by the PCC in a chancel endowment fund were transferred to the Diocese in 2019. The accrued dividends are held on deposit by the Diocese for the benefit of the PCC, but dividends received by the Diocese 3re paid by the Diocese to the PCC by way of a restricted grant. All accrued grant is receivable by the PCC to reimburse it for expenditure related to the Chancel. and is held as a restricted fund. 11 Creditors Unrestritted Funds Restrirted Fund Endowed Fund Total Funds 2024 Total Funds 2023 Prepaid wedding fees Prepaid headstone fee5 500 500 Accruals governance costs Deposit held re long term lease of London House 620 620 600 1.050 1,050 2,170 2,170 22
Notes to the Financial Report 12 Statement of funds Explanation of funds Endowedfunds ore required by the donors to be invested Gfnd the income spent on specific objectives £30,000 of the BrLFxner Randall Fund has been recorded as an Endowment Fund since only the interest on the original capital of £30,000 is available for spending. Restrfctedfund5 ore required to be spent on specific purposes determined when creoted by the terrns of their gift. The Restricted Funds ond their purposes are.' The Choir Fund receives fees payable to choir members and pays them out a5 agreed. The Bruxner Randall Fund finances music in the Church or for fabric if not so needed. The Organ Fund maintains and promotes the use of the organ. The Fabric Fund pays the preservation and improvement of the fabric of St Dunstan's Church. The Churchyard Fund meets the costs of the repair of tombs and maintenance of the Churchyard. The Charity Fund collects donations for named charities. The Flower Guild Fund receives donations and pays for flowers in the church. The Library Fund receives donations and provides books for the Church library. The Bellringers Fund receive5 and pays fees for bell ringing at weddings etc. Unre5trirtedfvnds ore not subjert to any donor restrictions and con be spent a5 the PCC decides Summary of all funds Fund income and expenditure and final balances are as follows: Balances Transfers. gains and losses Balan5 Which 31 Dec 2023 Income Expenditure 31 Dec 2024 Investments Cash Brltxner Rand311 30.0(XJ 30,000 30,000 Total of all endowed funds 30.(KIO 30.000 30.000 Chancel Fund 3.998 212 4,210 1 4,210 Choir Fund 692 2,000 1.016 205 -1,409 -1.679 1.283 1,383 Bnjxner Randall 8,102 3.168 10,607 7,741 11,076 4,212 470 Fabric Fund 7.423 113 3,530 Organ Fund Chijrchyard Fund Flower Guild I1675 2.420 -2.946 4,241 120.390 120,035 355 30,694 12,882 -11.982 389 31,983 17,215 14,768 2.269 3.537 2,534 2,534 Bellringers Fund Library Fund Charity Fund 1,730 1.753 -1.339 2,144 2.144 344. 344 344 26 1.062 -829 258 258 Total of all restricted funds 171.951 25.087 -23,456 7,911 181.493 152,537 29,056 General fund 1,021,324 109,742 -135.951 9.439 1,004A54 708,687 13,223 Total funds 1.223,275 134,829 -159.407 -17,350 1.216,047 891,224 ,, 42,279 23
Inde endent Examiner's Re ort to the Ma Year Ended 31" December 2024 ield PCC for the This is my report to the Parochial Church Council of the Ecclesiastical Parish IPCCI of Mayfield. on the annual report for the year ended 31" December 2024. Respective responsibilities of trustees and examiner The PCC Members are responsible for the preparation of the Annual Reports. The PCC members consider that an audit is not required for this year under section 144 of the Charities Act 20111"the Charities Act'l and that an independent examination is needed. It is my responsibility to-. examine the accounts under section 145 of the Ch3ritie5 Act: to follow the procedures laid down in the general Directions given by the Charity Commission lunder sectlon 14515llbl of the Charities Act; and to state whether particular matters have come to my attention. Basis of independent examinerfs statement My examination was carried out in accordance with 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 the 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 fairf view and the report is limited to those matters set out in the st3tement below. Independent examiner's Statement In connection with my examination. no matter has come to my attention which gives me reasonable cause to believe that in. any material respect, the requirements-. al to keep accounting records in accordance with section 130 of the Charities Act. and bl to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met- or to which, in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. Examiner's signature Examiner's name VINCENT BLAKE Date 2025. Relevant professional qualification(s) or body Institute of Chartered Accountants in England and Wales Examiner's address The Old Farmhouse, Town Row Green, Rotherfield, East Sussex, TN6 3QU 24