The Parochial Church Council of the Ecclesiastical Parish of Ashtead Reports & Accounts Financial Year Ending 3111212025 V9 [16-04-2025] Created using ExpensePIus
8ccwnts for the P8rothi81 Churth Council of the Ecclesl8siul P8ri8h of Asht88d for th8 financial y98r dIng 3181 D8Mb•r 202J Table of Contents Le8al & Administrative Details. Trustees Report. Statement of Financlal Actfvltles...................,....,...........,..........,..............,...,.............,...................,............ 14 Statement of Financial Position 15 Statement of Cash Flows............................................................................................................................. 16 Note l - Accountlng Pollcles......... Note 2- Anaty515 of Income...... Note 3- Analy515 of ExpendItU... Note 4- Analysis of Net Assets Between Funds..............,...........,,..,.....,..................,....,...,...,.............,....... 24 Note 5- Other......,................,.,...,....,,............,....,.......,,......,...,...,,....,..............,.......,....................,............. 25 17 .20 .22 Note 6-Staff & Key Management Personnel ............,,...............,...,,....,......................................,............. 25 Note 7- Trustee Transactlons ..............................................................,..................................................... 26 Note 8 - Tanglble Flxed Assets..................................................................................................................... 27 Note 9- Debtors & Credltors................................................................................. .28 Note 10- Analysis of Charitable Funds.......................... Note 11- Transactions with Related Parties....................... .29 ,31 Note 12 - Prlor Perlod Adjustment...........................................................................................................-.. 31 Note 13- Schedule of Grants and Glfts...................................................................................................... 32
Legal & Administrative Details Charity Name.. The Parochial Church Council of the Ec¢18slastical Parlsh of Ashtead Charity Number.. 1132244 Charity Address.. st George's Christian Centre, Barnett Wood Lane, Ashtead Surrey. KT212DA Trustees: Clergy Rev Thomas Darwent Rev Sarah Tapp Rev Matt Regan (Appointed 2010612025) Rev Alison Anderson Churchwardon8 Malcolm Leighton Andy Carter {Relired 0810512025) Phil Marlow (Appolnted 08105120251 Offlcer8 David Arnold (Hon Treasurer> Susan Dusmohamed (Hon Secretary) Member8 Jeremy Pearson Malu Nkonko (Appointed 1910612025) Jane Mason (Appointed 08105120251 Caroline Elizabeth Taylor (Appointed 0810512025) Peter Singleton {Appoint8d 0810512025) Kathryn Ina Light (Appointed 0810512025) Keith Brims (Appointed 0810512025, Resigned 2311112025) Michael Thompson Alexandra Elstub Rachael Hide {Resigned 2911012025) George Heyward Peter Levinsohn Richard Wadey (Retired 0810512025) Sue Cook
Bethany E¢kley (Retired 0810512025) Llz Newhouse (Retired 0810512025) Tony Whitehead (Ratlr8d 08105120251 Matthew 83rham Charlotte Fawdington (Retired 0810512025) Christine Bailey (Retired 0810512025) Ex-officio: Mombern of Deanery and Diocesan Synod David Renew Oliver Thomlon 'chard Milton-worssell Samantha Wylie Richard Wadey (Appointed 0810512025> Key Key Management Personnel include the Rector, Associate Minister, Management Churchwardens. Op8rations Director and other senior staff including the Personnel.. leaders of.. Children, Family & Youth Ministry and Pastoral Care. Name & Address of Primary Banker.. Bank of Scotland PO Box 1000, BX21LB Auditors: GBJ Financlal Ltd. Sterling House 27 Hatchlands Road Redhill Surrey RH1 6RW
Trustees Report The trustee5 present their report with the financial statements of th8 charity for the year ended 31 Dec8mber 2025. Thè trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ObJ•cts of the charity The purpose of the Parochial Church Council (PCC), under the Parochial Church Councils (Powers) Measure 1956, is to support the incumbent in promoting in the Parish the whole mission of the church, pastoral, evangelistic, social and ecumenical. The Parish of Ashtead consisted of two churches.. Sl Giles, in A5htead Park and St George's in Barnett Wood Lane. The mission statement is 'Transforming communities for Christ- knowing Christ, making Him known., The PCC furthers its charitable purpose through its activities of worship services, youth and children's ministry mission, outreach events and pastor81 support. To focus on these, the PCC relies on voluntary help. These volunteers from the fellowship assist with the various activities to facilitate the charity's objectives. The PCC has due regard to the Charity Commission'5 public benefit guidance wh8n 8x8rcising any powers or duties to which the guidance is relevant. Summary of the charity's maln actlvltles and achlevements To further the above objects and vision. the charity's main activities and achievements were as follows.. 2025 was a year of progress and positive rnomentum. We changed our servl¢e pattern on 12Lh January 2025 which has led to some increases in at18ndanc8 and happier, more unified congr8gations. We now have three infomal servic8s and four more traditional ones. including the growing Thursday 11am congregation. Alongside these changes we split our youth work into two age groups on Sunday evenings, whilst running Youth Alpha from January. This had a huge impact, leading to large weekly youth discipleship groups on Thursday evenings now meeting on a pemianent basis. Another highlight was the Confirmation Servi in May 2025. whilst we began providing Sunday èvening refreshment aft8r The Six. The service itseff was relaunched in Septernber 2025 with a stronger youth focus. which has been well received. Alongside that a new Young Adults group started that month. Easter and Christmas saw increased attendance for many services, especially for Nine Lassons and Carols and the Family Carol service. Feedback for all outreach services has been very positive from the wider community. This has built on a number of initiatives to reach out to th8 village. A Community choir was started in the middle of the year, which is much loved and well attended. Five Connect Groups were started towards the end of year. focussing on curry, poelry, classic films and dog walking, in addition to termly Church Pub Night, all of which are designed for inviting those outside the Ghurch. Two
Hymnslcarols and Taas events ware also very well attend8d. as well as tha Hymns We Love course which ran from March to May. In March a v8ry successful Vision '25 Appeal raised £158,000 for a number of projects. So far this paid for naw chairs for St Gaorge's, new lighting projects planned and commissioned and th8 creation of two part-time contemporary worship posts primarily resourcing The Six. We have also expanded our activities wilh Ashtead Churches Together, now me61ing temily lo pray, developing our outreach al the Ashtead Village Day and introducing carol singing on The Street. Futur• Plans In the early months of 2026 we have hosted very large men's and women's events at St George's, as well as another popular Hymns We Love course. In May 2026 we are running Alpha, supported by tsvo feeder events. We have introduced Open Mic nights (January and March'26) which have brought in large numbers of musicians and supporters from the wider community. Further evening5 are planning in June and October. Connect groups are also continuing lo go well and we hope to introduce some others over the course of the year. Half temi fun In February brought in over 200 children and parents. In October we ar8 running our first Holiday Club in many years, building on this momentum. A stewardship Campaign is currently underway, aiming to incr8a88 our regular, plann8d giving. This wlll supplement very slrong18V81s of r8nlal income. We plan a Community Plcnlc on Sunday 5th July to reach out to the wider communlty and Come together as a church. We are also co-hosting Jesus.. The Evidence in June. building on our outreach al Ihe Ashtead Village Day earlier that month. Structure, Governance and Management As a Church of England church, the ministry of the parish church is led and governed in accordance with the rules and procedures of the Church of England. The Incumbent leads the minlstry of the church supported by the Church Wardens, the Parochial Church Council and the employed staff team. The Council is a regislergd charity, number 1132244 and operates under the Paro¢hi81 Church Councils (Powers) measu 1956. Candidates for the Council, who are on the electoral roll, are nominated by a proposer and seconder. They are appointed, or elected by majority vote, al the Annual Parish Church Meeting for a term of three years before standing for reweleclion if they wish to continue. The PCC usually meets 7 times during the year and is chaired by th8 Rector. There are 9 PCC committees and minislry groups who have responsibility for differanl areas of activity: Standing, Finance, Human Resourcès, Fabric, Churchyard, Tèchnical, World Mission, Caring for Creation and Health & Safety. They provide reports and recommendations to PCC for approval and decisions. The key p8rsonnal indude the Rector, Associate Minister. Operations Director, and the leaders of: Children, Family & Youth Ministry and Pastoral Care. This group provides the day-to-day oversight of the church and its activities. The ministry of four LLM'S, three retired clergy, one non-stipendiary minister and six aulhorized Pastoral Assistants. as well as many other volunteers is greatly appreciated. The Iwo churches belong to the Leatherh8ad Deanery within the Diocese of Guildford,
Church of EnglarKI. As th8 largest parish in the Deanery there is good cooperation with the other churches and the PCC view Ashtead as a resourcing and growing parish. Remuneratlon staff Remuneration levels are agreed by the PCC and wh8re appropriate benchmarking is carrled oul with similar size churches on a regional basis. In recent years, the salary rates for new or vacant posts hav8 been set in accordan with th8 national benchmarking survey completed by UCAN (UK ChurGh Administrators Nelwork). Staff r6muneration is reviewed annually. Volunteers The ministry of th8 church is only posslble due to the slgnificant volunteer commitment of church members. Over 150 church members regularly serve in a variety of capacities, both on Sundays and mid-week. DBS checks are carried out for all volunleers working with under 18s and vulnerable adults, and volunteer agreements are used where appropriate.
Flnancial Review 2025 continued the theme of consolidation and improvement with the introduction of several new initiatives to 'connect' both spiritually and in our communication. The operations leam are reviewing our inlemal systems including Chur¢hsuite and the finance team maximising ihe potential of ExpensePlus including the preparation of these financial slalements from the softwar8 for the first time. They will look very different to thos8 of the past. 2025 has been a difficult year and unfortunately Shows a contlnued decline in our giving to the General Fund, both in number of givers and in total giving. This means that our General Fund want into deficit during 2025 and required cash support of £45k from the Project Fund. A very successful Vision 25 appeal was made in early 2025 which raised £158k (including Gift d) but these funds are designated for certain purposes and not available for providing cash support to the General Fund. A significant legacy of £175k was received in the Project Fund which will fund in 2026 various improvemenls and maintenance of the churGh buildings and curtilag8 including urgent repairs to the St Giles drive and the Park Lane wall. Incomlng Resources Total income in 2025 (incorporating donations, legaclgs, hall rentsl. Investment income, cafe and other charitable activities) amounted lo £1,292k (2024: £ 998k). The increase was largely due lo the receipt of a significant18gacy1£175k) and the Vision 25 appe811£158k including related Gift Aid). Without these, our total income would have been £954k, a decline of 40/0. Expendltur• Total expenditure in 2025 w88 £1,187k {2024'. £1,091 k), an increase of gOA. Thls is primarily due to general inflationary increases together with higher spending on projects and Vision 25. A full breakdown of Income and Expenditure Can be found in notes 2 to 3 on pages 20 to 23. Balance She?t at 31 D•¢embor 2025 Total funds on the Balance Sheet at year end were £1.707k (Prior year: £1,233kl. This increase largely results from th8 revaluation of 7 Albert Road {£369.5k) and the remalning Vision 25 surplus {£117k). The General Fund h8s de¢aSed to £376k (Prior year £475kl, which includ85 £392k of freehold property, £8.5k of debtors less £24.5k of creditors. The General fund cash position was topped up to £0 at the end of the financial period. with a transfer of £45k from the Project Fund. Freehold property is largely held at cost except for 7 Albert Road which is now regarded as an investment property and has been revalued during the year, increasing from £68k to £437.5k. This unrealised revalualion gain is held in a separate revaluation reserve fund in aGGordance with SORP requirements (£369.5K). The valu8 of the Project Fund has increased to £59Ok (Prior year.. £503k), receiving £175k of legacy income and £25k interest, less the subsidy of General Fund expenditure £45k and £68k of proje expenditure. Most of this fund is designaled for significant one off and developmentsl project work. as well as to smooth out cash-flow and operational deficits in Iha General Fund.
The church holds £133k of unrestricled cash in its General Reserves fund. held in accordance with our Reserves Policy. As a SuIt of the Vision 25 app8al, £117k is now held within the Vision 25 fund for future missional purposes of the parish. £122k of Restricted Funds is held for a combination of purposes included churchyard maintenance. church bells and organ, choral scholarships and mission giving. Funds in Deflclt Funds In Cash-deficit have been cleared by a transfer from other funds at year-end. A detailed overview of Fund movement {includln9 transfers) can be found in note 10. Investments Pollcy Wher8 long-lerm reserves can be identified with a degree of certainty, they will be invasled where possible in low-risk funds with high quality counterparties and a certainty of retum. The Parish will where possible ensure that it d08s not invest unethically. Reserves Pollcy The PCC aims lo maintain a General Reserves Fund in unrestricted funds at a level that equates to approximately trNo months. salary costs and around half a month's other ongoing running costs. For 2025 this equates to circa £105k. Unrestrict8d funds in the'General Reserves Fund, total £133k and therefore exceed this aim. Restricted Funds are avallable to cover specific and appropriat8 expenditure subject to PCC 8pproval. Grant Maklng Pollcy Th8 PCC makes grants to organizalions whose activilles Concur with the aims and objectives of the PCC. All grants are agreed by th8 Rector and the World Mission team. The PCC aims lo give to Worfd Mission 10% of all giving lo the General Fund, excluding legacies and before Gift Aid, with any underloverspend transferred lolfrom the Mission Fund at the end of the year. A full schedule of grants and glft given is shown in note 13. Carlng for Creatlon The PCC operates a Canng for Creation Committee. This committee works with the Fabric commillee and churchwardens lo take practical steps to reduce carbon dioxide emissions of the hurch buildings and hous8s in response to the Church of England's net zero ch811enge. Responsibllltles of Trustees under charlty law The trustees are responsible for preparing the trustees, annual report and the financial statements in accordan with applicable law and United Kingdom Accounting Standard5 {United Kingdom Generally Accepted Accounting Practice). Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet dat8 and of its
incoming resources and application of resources. including income and 8XP8nditure, for the financial year. In preparing these financial statements, Iha trust8es are required to.. select suitable accounting policies and apply them consistently. observe the methods and principles in the Charities SORP,. make judgements and estimates that are r8asonable and prudent., state whether the applicable accounting standards h8ve been followed, subject to any- material departures disclosed and explained in the financial statements., and prepare the financial statements on a going concern basis unless rt is Inappropriate to presume that the Charity will continue in operation. The trustees are responsible for keeplng proper accounling records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financi81 statements comply with the Charities Acl 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the 855ets of the charity 8nd henc8 for taking reasonable steps for th8 prevention and detection of fraud and other irregularities. Signature This report was approved by the trustees on 161h April 2025, and is sign8d on their behalf by: Nama Rev. Tom Darwent Namtt David Amold Posillon Rector Posilion Treasurer Slgnalure Signature Date Dale 17 Ap¥,1 'lai 10
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF ASHTEAD PAROCHIAL CHURCH COUNCIL Opinion We have audited th8 financial statements of Asht8ad Parochial Church Council {Ihe 'chariW) for the year ended 31 December 2025 which comprise the Stalement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to th8 financial statements, including a summary of significant accounting policies. The financial reportlng framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted A¢UntIng PractiC81. including Financial Reporting Standard 102 'The FinanGial Reporting Standard applicable in the UK and Republic of Ireland,. In our opinion the financial 5talements'. give a true and fair view of the state of the charitys affalrs as al 31 Decemb8r 2025 and of its incoming resources and application of resources, for lh8 year then ended., have be6n properly prepared in accordance with United Kingdom Generally Accepted Accounbng Practice. including Financial Reporting Standard 102 'The Financial Reporting Standard applicabl8 in the UK and Republic of Ireland.; and have been prepared in accordance with the requir8ment8 of the Charities Acl 2011. Bas18 for oplnlon We conducted our audit in accord8nc8 Wlth Intemational Standards on Audlting (UK) (ISAS (UKI) and applicable law. Our respon5ibilitie5 under those standards ar8 further described in the Auditors, responsibilities for th8 audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requir8menls that are relevant lo our audil of th8 financi81 statements in the UK, including the FRC'S Ethical Stsndard, and we have fulfi118d our other elhiGal responsibiliti8s in acrdanCe with these requirements. We believe Ihat the audit evidence we have obtain8d is sufficient and appropriate to provide a basis for our opinion. Concluslons relating to golng concern In auditing the financial statements, we have concluded that th8 trustees, use of the going concem basi5 of accounting in Ihe preparatlon of the financial statements Is 8ppropriale. Based on the work w8 have perfomied, we hav8 not identified any material uncertalntles relating to events or Conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a perlod of at least e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the truste88 With respect to going concem are described in th8 relevant sections of this report, Othor Infomiatlon The trustees are responsible for the other inforrnalion. The other information comprises the infonnation included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and, except to the extent oth8nlse explicitly stated in our report. we do not express any form of assurance conclusion thereon.
In connection wilh our audit of the financial sta18m8nts. our responsibility is to read the other information and, in doing so. consider whether the olher infomiation is materially inconsistent with th8 financial statements or our knowledge obtained in the audit or otherwise appears to be materially misslaled. If we identify such material inconsistencies or apparent material misstatements, we are r8quired to detemiine whether thls gives rise to a material misstatement in the financial statemenis themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other informalion. w8 are required to report that fact. We have nothing lo report in this regard. Matters on whlch wo are requlred to report by 8xc8ptlon We hav8 nothing to report in respect of the following matters where Ihe Charili8s {Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinlon.. the Infomation given in the Report of the Trust88s is inconsistent in any material respect with the financial slatemenls., or sufficient accounting records have not been kept., or the financial statements are not in agreement wilh the accounting records and returns; or we have nol recelved all the information and explanations we r8quir8 for our audit. R08pon8lbllltlos of tru8teo8 As 8xplained more fully in the Statement of Trustees, Responsibilities, th8 trustees are responsible for the preparalion of the financial statements which giv8 a tru8 and fair view, and for such Internal control as the trustees determine is necessary to enable the preparation of financial statem8nts that are free from material misstatement, whether due to fraud or error. In preparing the financial slalements, the trustees are r8sponsible for assessing the charity's ability lo continu8 as a going concern, disclosing, a8 applicable, matters related to going concern end using Ihe going concem basis of accounting unless the trustees either intend to liquidate th8 charity or to cease operations, or have no realistic alternative but to do so. Our r08pon8lbllltlos for the audit of tho flnanclal 8tatements We have been appointed as audilors under Section 144 of the Charities Act 2011 and report in accordance with the Ad and relevant regulations made or having effect Ihereund8r. Our objectives are to obtaln reasonable assurance about whether th8 financial slatements as a whole are fre8 from material misstatement, whether du8 to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is nol a guaranlè8 that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and ara nsidered material if, individually or in the aggregate, they could 8$OnablY be expected to influence the economic decisions of users taken on the basis of Ihese financial statements. 12
The extent to which our procedures are capable of delecting irregularili8s. including fraud is detailed balow.. We identified Ihe laws and regulations applicable to the charity through discussions with the trustees and from our knowledge and experience of the charty sector., We focused on sp8cific laws and regulations whiGh we consider8d may have a direct material 8ffect on the financial staternents or the op8ralions of the charity. including the Charities Act 2011, taxation legislation and data protection, anti-bribery, 8mploym8nl and heallh and safety legislation; Addilionally. we assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining and understanding how fraud might occur by- making enquiries with trustees as to wh8r8 they consldered there was susceptibility to fraud, Ih8ir knowledge of actual, suspected and alleged fraud,. and consid8ring the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. A further description of our r8sponsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. ThSs description forms part of our R8POrt of the Independent Auditors. Use of our report This report is made $0181y to the charitys trustees, as a body, in accordance wlth Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to slate to them in an auditors, report and for no other purpose. To the fullest 8Xt8nt permitled by law, we do not accept or assume responsibility lo anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have fomed. GBJ Flnanclal Llmlted Sterling Houso 27 Hatchlands Road Redhill Surrey RH16RW Dato: ....... I.71.[r./.¥24........... 13
Statement of Financial Activities Unf••trletèd Totsl R•#oure•# Donalhjrth & LryaEkryE 89 11,4TJ BHO,901 673.210 Cfornt4E 203.016 2,19 211.833 Invethqn 6,411 77,070 37.127 1,225 38,352 36,427 J23.1fAI 10,834 833.940 751.931 Fun 11.51e 11,518 8,022 330,806 10.838 341,a42 333,713 loi¥l ¢VSOIVfqg ustrII31 Fund Trnrpjfers In1101 48,486 48,480 2.748 Fund Trnnjfers Oull101 44,930 44,930 2,748 InY•siml 1n¥ lor Lost•l A#¥Atr•IuaIl lal 389. 9.gjo pJ Lir%', 128.715 T¢t*l Fundi BrDLyThI Fowird 1,103,95a 1,232.879 1,324,000 IC(rnpoThllr& aUnt nol88 roknnceB In br8th0181 14
statement of Financial Position Gurreni Asget5 Cash 844,242 966.661 847,169 Account3 Recaivotl¢ 1.124 7.984 10.819 pp8¥menl$ Tot 861,ge6 122.67# 974.645 868,588 NDn-CurFent Asset• Fiyed A55e1518al 324.?39 224 239 392.?3g IThv•sbnMI PrOny18b1 437.0 457,500 Invosimèni$ 781,739 761.739 N0culT• Ag88 Ac¢•uris P8y•bl¢1g1 80 24.661 15.84 4252 4.252 2.308 Toi•1 28.8J3 28.913 Non-CLYienl LIBblllls Long Term Lohn l Morlga[e Nel Current As8ets 823.133 P41.772 Tqrii'ibi. R•prn¥•nt•d8y Gqfil Fwd IUnr•ilrlcledl qn•ril ReBerves lun¢dI Project IUnr¢itri¢i¢l 37e.8,. 376,058 474,694 132.924 132,824 126,596 689,734 689,734 S02,661 B8llslSI Glles) Rovlrtrted IR•airicitdl 22.701 22,707 21,816 Churchywd ISI Gll•al R1¢1• IRe¥irl¢l•dl mlas1¢ R•airl¢itd IResinctedl | 019an 1st ee,784 e6,784 4YI 19.332 19,332 29,eoi 1,633 P8strx81 IR•aid¢t•dl 3,391 3.391 3,223 Asnitr¥d Pdsh Choill & Qr9an ScrshIPs Progrdrn IResird¢dl 8.667 8.667 8.169 VislDn 2510481gnntl 116,656. 1ie,656 Prowrty Reyaluallon Fund IUnre$irt¢*di 369,0 369,0 t.Sll{872 122.59 1,707.471 1,232,S7J Slgnaturo These accounts have been approved by the trustees on 16th April 2025. and are signed on Iheir behalf by.. Rev. Tom Darwent- Rector David Arnold - Treasurer Signilure 15
statement of Cash Flows C•6h Flowtrom Opr8¥ny A¢¥116&$ Nèi Sufwus (dèfi1> 1CO.298 192,127} Ad11j¢llts F¢V.' Fixed As$et Depreclauon InYe8lmPnt G•in8 AcwJnts Roivaile Do¢ro880 2.834 2,507 Pfepwnenls oTea5 AccounlB Pay4ble IDCTeaie 8.815 17.5021 Defe£d Incorne IwreH8q 19,9221 L•ÈÈ Int•r•Èi R•c•lwd I Invesiment Incomfr 110.6861 ITI,0701 L•86 sa ofA88 Lo•n irtiyroei P•ld Cmh FWJwfrom I1fIng A¢llvllbps In1•&1 Réceived I lllvesifflenl Income 70,666 77,070 SAl•s olA$¥•t4 L¢$¥ Purtn•s• of As$•i8 Roiurn ol lnvfrsiments Ca•h Flowlrom Flnanclnu Actlvllles Lu4ns Rucoivod Lem Loan Repayff•nis L¢68 Lo•n Inwr•$i P•14 16
Note 1- Accounting Policies Basis of Preparation These financial statements have been prepared in accordanc8 Wlth the "Statement of R8comm8nd8d Practice: Accounting and Reporting by Charities preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) ('the Charities SORP"). with the Financial Reporting Standard applicable in the United Klngdom and Republic of Ireland ("FRS 102.1 and with the Charities Act 2011. The charity m8els the definition of a public benefit entity as set out In FRS 102. The principles adopted in the preparation of the financial statements are set out in the accounting policies b81ow. Going Concern The PCC consider the Parish of Ashtaad to be a going concern at th6 date for approving the accounts. There are no material uncertainties that the charily Gan continue as a going concem for Ihe next year. Key Risks & Uncartalntlos As with many charltable organisations, most of the church's income is the result of voluntary glving, wlth the vast majority coming from the generous, sacrificial and committed giving of th8 membership within the Parish of Ashlead. The PCC recognises that churGh membership may fluctuate year-by-year and that any period of change and transition can heighten Ihe risk of this fluclualion. The church operates an annual programm8 of teaching on stewardship, under the oversight of the clergy and supported by the Finance Committ6e. Church members are asked to review and pledge their financial support to the church. Income and expenditure are monitored monthly lo mainlaln a clear focus on th8 church's financial position. Day-by4ay financial management is wilh the Operations Director and Church's Finance lead, support8d by the PCC Treasurer. Expenditure is monitored regularly by the PCC and adjusted throughout the year to respond lo any recognised flnanclal conslrainls. Fund AcGounting Unrestricted income funds comprise those funds whlch the PCC are free to use for any purpose In furtherance of the charitable objacts. Unreslricled funds includ8 designated funds where th8 PCC, al their discretion, have set aslde resources for a specific purpose. R8stri¢ted funds are funds which are to be used in accordance with Specific reslriclions imposed by the donor or the term of specific appeal. Further explanation of the nature and purpose of each fund is included in the nole5 to the accounts. Incomlng Resources All incomlng resources are recognised once the charlty has enlitlemenl to the resources. il is probable that the resources will be received, and th8 monelary value of incoming resources can b8 measured with sufficient reliability. All voluntary income from members of the charfty are CogniSed as donations and are included in full, with associated Gift Aid receivable in the Statement of Financial Activities. O Grants where entillemenl is not conditional on the delivery of specific perfomiance by the charlty are recognised when the charity becomes unconditionally entitled to the grant. Income resources from charitable trading activities such as the letting of the building are accounted for when invoices are drawn up (as al the point of entitlement). Donated services and facilities are included at the value to the charity where this can be quantified. Gifts in Kind are accounted for at a reasonable estimate of their value to the charity or the amount r8alis6d. Volunteer time, the value of voluntary support for th8 work of the charity. is not included in the accounts but is described in the Trustees Annual Report. O Investment Income 15 included in the accounts when receivable 17
Resources Expended Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or Gonslructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured wilh reasonable certainty. Governance Costs Govemance Gosts in¢lud8 Costs associated with the independent examination of the financial statements, compliance with constitutional and stalulory requirements and any other 8xpendilure incurred on the stralegic management of the charily. Governance costs are shown within 'Analysis of Expenditure, note 3. Llablllty Recognltlon Liabilities are recognised as soon as th8re is a18gal or constructive obligation committing the charity to pay out resources. Tangible Fixed Assets Consocrated land and bulldlngs and moveable church fumlshlngs Consecrated land and beneficed property are excluded from the accounts by section 10(2) of the Charllles Act 2011. No value is placed on moveable church furnishings held by the churchward8ns on special trust for the PCC and which requir8 8 faculty for dlsposal since the PCC considers this to be inalienable property. All expendilure incurred during the year on consecrated or benefice bulldings and moveable church furnishings, whether maintenan¢8 or improvement. is written off as expanditure in the statement of financial acts'vities. Freehold proport1•8 Freehold propety used to house church mlnisters are included al cost. No depreci8tlon is provided since the values included are lower than the realisabl8 values of the properties. Property held for inv8slmenl purposes will be revalued on a 6-yeady basis, subs8qu8nt to the Trustee5 seeking independenl professional guidance. Other tanglble flxed assets Individual items of equSpm8nt are written off in the period in whlch the asset is acquired. PenslonB The charity operates a defined contribution pension scheme. Contrfbutions payable to the charivs pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Taxation The charity is exempt from tax on its charitable activrties. The PCC are cognisant that café trading activities may be approaching the Vatable threshold and will seek professional advice relating to this requirement in 2026. 18
Judgements and Key Sources of Estimation The PCC do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment lo the carrying values of assèts and liabilities in the next r8POrting period. In preparing the financial statements certain judgements, estimate5 and assumptions have to ba made that affect the amounts recognised in the financial statements. The PCC Gonsider the following to b6 significant-. The annual depreciation charge for property, plant and equipment is sensitive to changes in th8 estimates for useful economic life and residual value. These estimat6s are reassessed annually and. when necessary, adjusted to ffle¢t current circumstances. The constructive obligation for grants payable is based on an assessment of the likely duration of the supported activity. This 8Stimate is re-assessed annually, and the obligation is adjusted to reflect currant expectations. 19
Note 2- Analysis of Income Current Year (2025) UnMiii¢tsd RMtrl¢lqd ivKomlw R••OU• Donaiions & Loqa¢ie5 Churth c¢tn$ 11.7?8 11,726 GfftAld. Incc¢MT•x FI0944 124.451 128.118 Grnnts 278 2n L•9odMand B•gue 181,000 181.ClYJ Oth•rDonotkn 140,599 140,109 Oth•rP•M•d GIr#I Iixi,e87 3,195 410.147 418,747 11,47J 990,311 ChLrch Evqnls ar Act1•$ 12.1 12.19S P•ro*l Fw• 10.689 10.889 Caf• & BoDk•tsll 09.498 89.498 Haw R•nid Iorne ,e34 gJ,634 203.W¢ lQJ.011 B•nk Intotytst 3S.673 1.411 Prowrty IrKom• 28.581 28,561 37,127 1.225 98.352 J7,127 1,225 38,352 20
Prior Year (2024) Unr•strtcted Totsi IornIng Church eIe¢ll0n5 10,613 10,513 ft Ald. TAM 108.943 1,940 110,883 Gr•n 234 234 L•9•d•s •nd Boqwi 2.DD2 2.J? 7.519 0rF1•nn1d GlvkvJ 117.180 2,010 110.? 414.378 8.492 422.ee9 15è,B51 13.360 673.21 Church ErrtS and AcvId•S P•r0¢hl F••• 25.878 25,878 C•f• & Book81111 88.160 8,100 1 Ron1 In¢ 97.994 97,994 211,8J2 211,U2 Bwk Inwreei 32,C42 40,474 40,474 71,$36 1,534 77,070 Other Incc¥na 28.970 7.457 36.427 2a,970 7,457 J•.427 Addltlonal Incomo Noto• For the 2025 accounts, rental income from residential propertle8 held for investment purposes has been reclassified as inve5trnenl income. 21
Note 3 - Analysis of Expenditure Current Year (2025) ljnfestrictgd Rogtylciod ToiAI A•wur¢•s eank C[¥ 1.883 1.883 ChLrch Ev*nts arl A¢iMuoi 7,3&5 38.804 OYth•¥db fL).778 80,776 Oth•rExp•ThJttwe Pr•mlM• 40.388 40,386 102.034 1,230 103.2e4 PmJ8¢ e8.063 e8.Cfj3 St4HCo• 451.379 451J79 62,424 9,604 72.028 •23,106 10.8)4 133.940 ¢iDv•rn4nco La$is Go¥emance ct5 11,516 Cifv Pooknthll 75.8Cra 75.809 1.237 12.073 Tth5h•r• 203,7e4) 2S3.760 3Jo,•o¢ 341.642 22
Prlor Year (2024) R•¥rTre• Umd Bank Ctsroos 1.232 1,232 CPts¢h Evqnt8 Aclmuea DeprOBOn 30,591 07.1 57,19fi Oth0rEKperttLYQ 9.325 9.380 Prnrnls•i 98.2 101.512 Pmjec Stsff Co• 02,702 52,792 436.415 415,415 Wodd othw DENOrCH 62.810 83.806 747,655 4376 751,131 Qo¥einnn£e Cost G0wm* Cu• 5.022 8.022 s,0 1.022 e•lo •nd Boc4•wi 7Z,QJ7 72,067 7,086 12.fK)7 th8hrn 249,619 249.619 326.126 JJ3.713 Addltlonal ExndItUre Noto8 From 2025 onwards the PCC has opted to accrue for auditor costs in the year they correspond to. AS this wasn the casa in 2024, a double annual cost will be accounted for in 2025. 23
Note 4 - Analysis of Net Assets Between Funds Current Year {2025) UhStrICt• Restsicled To1 CurilAs8¢ll 851.966 172.679 974.ed5 Rx•dANe 181.739 761.739 cuOnt LI•11 28,833 28.913 TDial P4OIA8*ts IAs¥619 Ulnua 1,$84.872 1?2.599 . ,707 471 Prior Year (2024) Uni•Jtilct•d Rutri¢t•d Yot 729,782 128.806 6J6,568 Flx•dAall•ts 392,239 WIZ69 Current Ll•t4111 18, 91 18,101 Tot81 N•1 A81•ty IA¥•eli K41n 1,103.95&1- 176.71U'I 1,232,67J 24
Note 5 - Other Independent Examlnatlon Fees Fees payable to the auditor for the pansh's statutory aLJdit were: £5,730. (F88 payable in the prior year.. £5,502). Both fees hav8 been accounted for in the 2025 FY. Note 6- Staff & Key Management Personnel Staff Costs The total staff costs and employee b8n8fits for PCC employed staff during the reporting period are analysed as follows.. r966 wag¢8 8n 2025 Curr8nt Year . £399,932 £29 874 £10,473 2024 Prior Year £386, 642 £23 520 £11715 Average Number of Employees: 2025 Current Year '. 25 15 2024 Prior Year 21 14 No employees received salaries at a rale of more than £60,000 per annum. Clergy are remuneraled by the Diocese, and th8reforg their figures are excluded from this note. The cost of clergy remuneration is met indirectly by the parish through Ihe Parish Share. Key Management Porsonnel The church considers its key management personnel to include the clergy. Operations Director and the ministry leads responsible for Children, Family & Youth Ministry and Pastoral Care. The Rector is remunerated by the Diocese and not directly by the parish. Employment costs for other Key Managem8nt personnel lolalled.. Gross wages and salaries., £161,869, Employars Nl.. £19,760. Pension.. £9,465. Ponsions The charity op8rales a defined contribution pension scheme. Contributions payable to the charilws pension sch8me are charged to the Statement of Financi81 Activities in the period to which they relate. 25
Note 7 - Trustee Transactions Trustee Remuneratlon During the year 3 trustees land persons connected with Ihem} received remuneration. The remuneration paid during the year was for the employees, I stipendiary role within the Charity and not for their role as a trust88. Revd. Sarah Tapp: Stipend: £31,294. Employers Nl.. £2,638, Pension.. £6,405. Jeremy Pearson.. Salary.. £11,575, Employers Nl.. £1,173, Pension.. £207. Kathryn Light: Salary.. £1,925, Employers Nl.. £38, Pension: £0. The total remuneration paid during the prioryear (2024) is as follows.. Jeremy Pearson Salary and Nl.. £1,806 Pension.. £35 Trustee Expensos Tom Darwent Church events & hospitality Travel Imileagel Training & conferences Children, youth & families Books & resources Adminislralion & Equipment AV & technical equipm8nl Building maintenance Travel Imileagel Discipleship & evangelism Church events & hospilalily Bullding maintenance Seasonal events & worship Dlscipleship & evangelism Training & conferences Seasona5 events & worshlp Children, youth & families Travel Imilaagel Books & resources Building maintenance Children, youlh & families Oasis Events 4,088 1,274 985 805 360 333 210 Davld Ronow 2,409 132 Sarah Tapp 726 761 367 117 Phll Marlow 34 Allson Andernon 248 Matt Regan 267 73 60 Jerarny Paarson 322 50 Amy Thomp¥on Alexandra Elstub Llz Newhouse 278 Church events & hospilalily Seasonal events & worship Building maintenance Children, youth & families Café expenditure Children. youth & families 129 221 Oliver Thornton 102 Rl¢hard Wadey 10 40 Jane Mason Total 13,741 1,566 26
Trustoo Donations Ouring the year the total aggregated donations made to the charity by the trusteès was £150,210. There were no conditions attached to the donations. 2024.. (Total aggregate donations from prior year were £103,410) Note 8a - Tangible Fixed Assets FieehDld Propertlgs Othor Assetg Total Cost or valuatlon Al 1 January 2025 Additions In year Disposals in year Transfer to Investment Properly Al 31 December 2025 3g2,239 392,239 168,0001 324,239 {68,000 324,239 The168,0001 disposal shown above represents the reclassification of Albert Road as an inv8slm8nt property- please se8 Note 8b. Freehold prop8rties are slated al cosl. The church prop8rti8$ are used for charitable purpos8s and are not subject to revaluation. No depreciation is charged on freehold church buildings in accordance with the Charities SORP, as these assets are maintained to a standard that their residual value is not18SS than their carrying amount. Note 8b- Investment Property The eharlty holds onè investment propety, a residential house at Albert Road, Ashlead. Thi5 properly is not used for harilable purpos85 and 18 held solely lo generate rental income for the benefit of the charity. 11 is therefor8 classrfied as Investment propety under FRS 102 and th8 Charities SORP. 2020 £ 2024 £ Carrying value al 1 January Transfer from Tangible Fixed Assets Revaluation gain recognlsed in year Carrying valuo at 31 December 68,000 369,500 437.500 Investment property is measured al fair value al each reportlng date, with changes in fair value recognise(i in the Statement of Financial Activities. The property was valued 81 £437,500 as al 31 December 2025 by the trustees on the basi5 of an independent valuation obtained during the year. The valuation was carried out by Jackie Quinn Eslale Agents, Ashtead, on an open market basis. 27
The unreali5ed revaluation gain of £369,500 {being the drflerence been the Iruslees, valuation of £437,500 and the original Go3t of £88.000} has been recognised within investment income in the Statement of Financial Activities and is held within the Property Revaluation Fund, an unrestricted designated fund. Rental income from Abert Road in the year totalled £28.581 (2024.. £40,474 induding part year from Loraine Garden8) . This is presented within Investment Income in the Statement of Financial Activities. Note 9- Debtors & Creditors Dabtor8 Accounts Recelvable O•utriprion Amovni Ciedll NDle 12.0231 GlnAld 8,CQl Tr4d• D•blOFI 1,946 Prepayments Dior4pllo Am¢uni Credltor8 Accounts Payable Amouiit ALlIl Fe 5.730 G•Mr41Accn* 8.827 $lpendB and Empknyrnert ce6t8 ItI¢c•8•1 10.204 ?4.651 Deferred Income 0tt8UiIpiiDrt Amauni FltKxn Hire Dopo¥i 1,fr76 sp81 2.276 28
Note 10- Analysis of Charitable Funds Current Year (2025) Flind N8m• Incorn• Fund Tr Uniestrictod G2nerBI Fund Iunieslnciodl 474.094 9.19S 48.49e 376,058 126.$96 6.328 132,924 IUnr¢¥tr¢i¢dl Pioleci ILJnresirf¢WI 502.667 88,063 14d.9301 589,734 Piop¢rty Rov•lLpaUon 365. 369,500 1.lQ3.950 1.124.6 iti9.5 J.565 1.408,216 157,704 41.048 1 ie.658 IDesiun8lQOI unre8tTithj Tothl 1.103.g58 1.27J.286 1.105,4211 289. J,$55 Rtstrlei•d 21,816 1.0 22.707 R•sirl¢i•d IR•$iitcwdl Chw¢hy•rd ISI 011è81 Raslflciqd IReslThciedl 84.471 14.3eo 66.784 MI8Blon R•$1¢1•d IRe811ioi•dl 29,601 1,710 8,600 13,56511 19,332 1,633 84 1.717 A••id•{ReSlrfCt•dI p•Sri1 IthIIi¢wdl Aihi•Ad P8fi8h ChoMI & SGbDlirihipi Piogram IRe51rlciodl 3.223 3,391 6.169 1,e02 1.104 8,867 Itgsirtclpd Toiil 29
Prior Year (2024) enlD B8linrD Ex Fund Trnn•ht• CID•ln un¢•stri¢i•d GenerAI Fund IUnre$tri¢tedl $53,023 947.435 1.fj.slD 748 474fj94 Gener¥1 e¥ IUDrestncl4dl 126.S96 Prowcl (llnrtff¢tel 524.488 52,792 50?,661 1.209,3?6 973,188 1.079.302 746 1.209.326 973.188 1.079.302 1.103,95 R•Btrbctsd 8dl$ ISI Gile91 R•¥iri¢teo (R•$iri¢a) .850 ChuTcty4rd ISI Gii•bl Resthcted IR05trtcl8dl eA).323 14. 64,471 MI0 ReBlncled 30,528 1,513 702. 2p,801 Ck9DTh ISI (111•81 R•$fri¢W¢ {REstrted> 1J71 62 1.633 P•8ioial IReslrtct) 2,202 J.223 Ashie•d Pllr15h Chor418 Organ SGhDl4rshlps 7,457 1.OtL) 8,169 n•swlrwd Td db.Jbi 11,Jb4 Fund Transfer8 TO Arnouni P8ian¢inq Adiusimenl lor 9verspd on NIIs¥ion fund Jission Rtalrkiod G¢n¢r41 Fund 3.555 Tivsioe ftvaluglk)n olAlb•rt Rood Gener•1 P(OWty R•v•iuaiion Fun 269.500 Zerooui Qértlfai fund ¢•Jh balinc• •1 YE Prol8¢1 Gener Fund 44,930 Fund Descrlptlons Gener•1 Fund Uryesin¢ieo lund$ ol PCC 1¢r¢huh tynnif¥J w¥uq Gomral Rqy•rv05 lJrye&ilcigd re5ery6 lunos a9¥•ni 10 2 rn¢nihs' saw l iunning c05 Prleci Bulls ISI &kng1 R&8trlCtad Churrhyard ISI Glesl Rèsiricttd UnT¢Blrlcd lunds held by Ihe thurcn lorsp6crfi¢ proi8¢lwork. Funds l¢rlhe mainien•nc¢ And care ol the bells a151 ts1$,. Fund8 m•lntsn•¢ ¥nd care of the ¢TchId 41 st Gilg5'. Fund5 I(wernAl giving towards mi$8K)n palShIps, In UKand abroad. IOn R¢ted urgan lal lesP runuy ior mDinkTridiyAt Uflu of Ihe organ •1 Sl Gi$.. PastDral ReliCd Resiricted donabons Erd$ Ihe pHsloral negds ollhtr¢hur¢fi. AshlEad Parish Ch(wal &OryAn Schc4arShs PrDBrarn VIoD 25 Fundg choral 8nd oig8n schdarships. C*8tynaitd fund for th8 Vi$lon 26 camp8n Property RevatiOn FunLI FuThl to hold unreali¥6d Val110Th 9•ln$ frtymfeIa 30
Note 11- Transactions with Related Parties Transactions wlth Related Partles In 2025. £1,500 was paid to Stephanle Morals (daughter of Alexandra Elstub) in support of Mission in South Africa. £405 was paid to Tracy Peawn for delivering a staff first ald course. £330 was paid to Toby Anderson for Pianist fees. In the pn'or year (2024). a £3.000 donation was made to Stephenie Elstub (daughter ofAl8xandr8 Elstub) In support of Mission in South Africa, and a £300 donation was made to Ev8 Barham (daughter of Matthew Bartjam) from the rnissn fund. Note 12- Prlor Period Adjustment There were no prlor year adjustments. 31
Note 13- Schedule of Grants and Gifts Reclplent Ch•rlt•ble Purpose 202$ 2024 General Fund Christian Ald Christian Solldarlty Worldwlde YAWOSUP Interserve Through the Roof Mothers Union Oversèas Karen Border Mlnlstrles Kenya Hope Charity Development Ald Religious Freedorn Kenya - Widow5 & Orphan5 Mission Socletv Dlsabled MinSstry Soclal Concern M5510 in Thailand 3,OCiI 1,5C4) 1,S(YJ 6.CtyJO 5,c)0 6,CK)O 1,545 6.000 766 6,C4)0 1,54S 6,000 Overseas and Cr055.Cultural M15slon Partners Sub total 19,811 29,045 ALDAG Alternative5 Trust 8eMe Proect 8esom Leatherhead Start Muslc Minlstry frust Send Prlson Learnln8 and Development Mission to familie5 Mental wellbeln8 for youn8 people Care lor the Community Care lor Homeless Pr150n Minlstry Prlson Mlnlstry 2,596 2,596 4,000 4,0 4,000 3,000 6,WO I,0 3,000 6,CQO I,cty)o UK Mlsslon Partners and Mlsslon n¢1 sub total 24.596 24,596 Total World Mls$5on $4A07 53,641 Other donotlons Stephanie Mora15 St Giles School ChSldren's Soclety Mi5S10n in South Afr5ca Educatlon Chlld Support 1,5 175 Sm•ll Gffts 517 Sub total Grant5 from the G•n•ral Fund 62,424 62.816 Mlsslon Fund Emlly Haine5 Eve Barham Leatherhead Start LeatherhÈad Communlty Hub YAWOSUP Through the Roof Apostolic Mi55ions International 300 300 102 1,500 2,200 2,0 2,800 Subtotal Grants from Mlsslon Fund 702 Small 81ft5 1,104 288 Total Grant5 made 72J)28 63.806 32