CHURCH OF ENGLAND ST JOHN'S CHURCH FELBRIDGE ANNUAL REPORT 2024 ANNUAL REPORT and FINANCIAL STATEMENTS of the THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN'S FELBRIDGE Registered Charity number 1132388 For the year ended 31 December 2024 CONTENTS ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL................. ADMINISTRATIVEINFORMATION....................................................... REVIEWOF THEPROCEEDINGS OF THEPCC............................... FINANCIAL REVIEW............................................................................. RISKASSESSMENTand STA TEMENT OF THE PCC'S RESPONSIBILITIES.............................................................................. NDEPENDENT EXAMINER'S REPORT.................................................... STATEMENT OF FINANCIAL ACTIVITIES................................................. BAL4NCE SHEET........................................................................................ NOTES TO THE FINANCIAL STATEMENTS..........................................9-17 St-John's Church Felbrid Vicar The Revd Nicholas Wooldridge (from 9th September 2024) The Vicarage, 8 The Glebe, Felbridge, East Grinstead RH19 2QT Independent Examiner.. Mrs Sundry Sundaran, ACA, FCCA. Brooks & Co. Chartered Accountants, Suite 3, Independent House, Independent Business Park, lfflberhome Lane, East Grinstead, West Sussex, RH19 1 TU Bankers.. CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, Kent, ME19 4JQ Natwest plc, 250 Bishopsgate, London, EC2M 4AA The P.C.C. of the Parish of St John's Felbrid8e is a Re8lStered Charity, number 1132388
ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL of ST JOHN'S FELBRIDGE FOR THE YEAR ENDING 31 DECEMBER 2024 The Parochial Church Council (PCC) has pleasure in presenting its report and Financial Statements of the Charity forthe year ended 31$1 December 2024. The Financial Statements have been prepared in accordance with the policies set out on page 9 and comply with the Church Accounting Regulations 2006 and applicable law. ADMINISTRATIVE INFORMATION The Parochial Church Council of the Ecclesiastical Parish of St John's, Felbridge was registered as a charity on 28th October 2009. and its governing document is the Parochial Church Council Powers Measure (1956) as amended and the Church Representation Rules. The Charity registration number is 1132388. During the year. the following served as members of the Parochial Church Council (PCC) and as Trustees: Vicar.. (Chair from Sep 2024) Nick Wooldridge Curate.. (co-opted) Rob Hindmarch Reader.. (co-opted) Nick Smith Churchwarden.. (Ex-officio) Chris Bowes Churchwarden.. (Ex-officio) (Vice Chair) Phil Tadman (from 91h Sep 2024) (from 26th Jun 2022) (until Meeting of Parishioners 2025) (until Meeting of Parishioners 2025) Representatives on the Deanery Synod: David Brows Grant Pyner Nick Smith Brenda Wilkinson (until APCM 2026) (until APCM 2026) (until APCM 2026) (until APCM 2026) Elected members: Carol Bagshawe {Treasurer) (until APCM 2027) Andy Brown (until APCM 2027) Tim Cole {until APCM 2026) Jeremy Ellwood {until APCM 2025) David Legg (Secretary) {until APCM 2026) Elizabeth Purdy (until APCM 2026) Quentin Purdy (until APCM 2026) Mary Pyner (until APCM 2025) Rowan Saunders (until APCM 2025) Arno Viviers (until APCM 2025) Ros Whiteman (until APCM 2027) Structure, governance and management Membership of the PCC is determined under the Church Representation Rules and consists of certain ex- officio members (the incumbent, curate, lay readers licensed to officiate in the church), the churchwardens and members of the Deanery, Diocesan or General Synods plus up to twelve members of the church who are elected at the Annual Parochial Church Meeting (APCM). Church members are warmly encouraged to stand for election to the PCC, and we try to ensure a balance of skills and experience where possible. The 2024 Meeting of Parishioners and the APCM took place on 21st May 2024. Objectives and activltles The primary objective of St John's PCC is the promotion of the Gospel of the Lord Jesus Christ according to the- doctrines and practices of the Church of England. Our mission statement 'to gather, grow and go as followers of Jesus Christ,. The PCC has the responsibility of cooperating with the Vicar, the Revd Nick Wooldridge (from 9th September 2024} in promoting in the ecclesiastical parish the whole mission of the Church pastoral, evangelistic, social and ecumenical. The PCC has given consideration to the Charity Commission's general guidance on public benefit under Section 17 of the 2011 Charities Act. Electoral Roll and Church Attendance Following the annual revision of the Electoral Roll (ER) in 2024 there were 185 people (2023.191) on the ER at 10th May 2024, 4012023.'44} of whom were resident within the parish. Six (2023: six) new members were added during the year with a loss of eight (2023.. eight) members in the same period. The revision of the ER in April 2024 means that it reflected the regular commitment to St John's as names have been removed due to death and members who had moved since the last new ER was made in 2019. A new ER will be created in 2025. The P.C.C. of the Parish of St John's Felbridge is a Registered Charity, number 1132388 Page 2
ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL of ST JOHN'S FELBRIDGE FOR THE YEAR ENDING 31 DECEMBER 2024 The average weekly attendance on a usual Sunday in 2024 was as follows: 10:00 am service - adults 75 {2023: 63) and 14 (2023.. 20) children; 10'.00 am livestreamlyoutube viewings 45 (2023.. 50). 6 pm service adults 24 (2023.35) and 11 {2023:11) youth. The total average attendance on a Sunday across both services in October 2024 was 99 adults and 25 young people under 16 {plus around 40 YouTube views for those attending online). By comparison, the average weekly attendance at bolh Sunday seNices in 2023 was 98 adults and 31 young people under 16 (plus 50 people making YouTube views). Those who attend more than one service are only counted once. Ministries on Mondays (Connections, Communion Services and Connections Praise services) during the year also included quarterly Community lunches. The 2..00 pm Monday services averaged 30 adults (2023.. 34) and Sl John's online 12 adults (2023: 17). The Verve youth group saw around 15 attendees each week and XTB in Felbridge Primary School averaged 18 children each week. The 'worshipping community, at the end of 2024 was 294 (2023: 288). including 76 (2023.71) under 16, as reported on the 2024 Church of England statistics for mission retum. The Rock, BOSS 2nd Verve children and youth groups continued to meet weekly. ACHIEVEMENTS OF THE YEAR The PCC met on seven occasions during the year with an average attendance of 14. The 2024 APCM was held on 21sl May and at the preceding Meeting of Parishioners, Phil Tadman and Chris Bowes were elected as Churchwardens. No PCC members reached the end of their three-year terms at the APCM but, in order to even up numbers and expiry dates, Carol Bagshawe offered to stand down one year early and offer herself for re-election. In addition, two nominations for PCC membership were received and so Carol Bagshawe, Andy Brown and Ros Whiteman were appointed. This gave a total PCC membership for the coming year of twelve elected members in addition to co-opted and ex-officio members and Deanery Synod representatives. At the PCC meeting on 281h May 2024. the PCC elected David Legg as Secretary and Electoral Roll Officer, Carol Bagshawe as Treasurer, and Phil Tadman as Vice-chair. PCC meetings always begin with a Bible reading and a time of prayer in order to seek the Lord's guidance in its discussions, and prayer continues during the meetings. Each meeting includes a review of both the church's finances and safeguarding. Task Team leaders also present a report of the activities of their team since the preceding meeting. The rich and varied topics discussed by the PCC during the year included.. the incumbency vacancy left by Mark Francis's departure and the subsequent recruitment, appointment and installation and induction of Nick Wooldridge as Incumbent and Vicar in September 2024 ongoing discussion of, and the PCC response to, the Church of England's Living in Love and Faith process, Prayers of Love and Faith and provision of Alternative Oversight for Nick and the PCC the PCC'S budget for 2025 and a review of the PCC'S financial controls and procedures youth leadership roles especially the vacant position of Youth and Children's Leader the provision for babies and toddlers at St John's and the JAM initiative Amongst other topics discussed were remuneration for PCC employees. the Quinquennial inspection; Safeguarding. the Parish Support Fund and our contributions to it,. and the distribution of funds raised through the World Mission Gift Day. Many other matters were discussed as part of individual team reports The P.C.C. of the Parish of St John'5 Felbridge is a Registered Charity, nvmber 1132388 Page 3
ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL ST JOHN'S FELBRIDGE FOR THE YEAR ENDING DECEMBER 2024 FINANCIAL REVIEW We thank God for his provision and for the response and generosity of church members. We are grateful to those who support St John's through their prayers and donations. 2024 was a challenging year and the total income decreased slightly. However, a growing number of church members have a valid gift aid declaration in place, which increases donations made by 250/0. The 2024 finances enabled the mission and ministry of St John's to proceed without a need to change the 2024 budget agreed by the PCC in November 2023. 2024 again highlighted the importance of regular voluntary income provided by members. Standing orders and bank transfers were well used, as was the card reader. Although the agreed budget for 2024 was not amended, the PCC felt led to fund an increase in the hours worked by the Children's worker from 10 to 13 hours per week from September 2024. The full annual accounts are available on pages 7 to 17 of this annual report. Some points of interest are as follows: Result: It is important to note that the total funds of the PCC decreased by £4,875 during 2024 following a decrease of £1,049 in 2023. However, the decrease in funds was budgeted to have been greater if the Associate Pastor (youth and children) had not left in July 2024, to take up another post in a church in Devon. which was their gain and our loss in other ways. Income: Total income in 2024 was £198,340 being £4,526 (2.2°/0) less than the 2023 total of £202,866. Although the overall decrease in income was lower than inflation. there was an increase in unrestricted income of 9.4 % and a reduction in restricted income, partly due to the good response to some special one-off needs in 2023. The range of methods available to make financial contributions (standing orders, bank transfers, card reader, and via Stewardship or the Charities Aid Foundation) was appreciated by members and visitors in 2024. The majority of donations given in 2024 were made tax effectively, by the use of Gift Aid and the Gift Aid Small Donations Schemes. The PCC encourages lax-effective giving and recommends the use of Gift Aid to any who pay (or have deducted) income andlor capital gains tax. There was a good response to the use of Gift Aid in 2024. Please contact a member of the finance team if you want more information. Expenditure: Total expenditure for 2024 was £203,741 (2023 £205.908}, being a decrease partly due to a reduction of staffing for some months of 2024. In 2024 £72.300 was paid to the Diocesan Parish Support Fund (PSF) {2023 £69,972). This contribution to the diocese is for housing, stipend and pension costs of clergy, plus amounts for diocesan central costs, clergy training and a contribution to national church funds. The PSF requires the PCC to offer a pledged contribution to the diG£ese by early September each year, for payment during the following year. The pl8dge is made prayerfully by the PCC as they apply the three main principles of the PSF, being proportionality, informed generosity and an encouragement to be self- financing. The PCC submits the annual pledge to the Archdeacon, who has accepted the pledge of £73,890 for 2025. In addition to the pledge, the diocese receives wedding and funeral fees from the PCC, and income from the Margary Trust, as explained in note 14 on page 17 of these financial statements. Funds: At the end of 2024 the total ndS of £178,399 (2023 £183,274) included £14,275 restricted funds (2023: £22,381 }, a Quinquennial designated fund of £48,823 (2023: £49,436) and undesignated unrestricted funds of £115,301 (2023: £111,457) being an increase in undesignated unrestricted funds of 3.4 1.. The designated Quinquennial fund, is for use in attending to church repairs, following Quinquennial Inspection Reports. The next Quinquennial inspection is due in 2029. Details of all the funds at 31 December 2024 are shown in note nine of the annual accounts. We trust that the funds together with the ongoing financial support of church members, will help the parish to achieve its mission and ministry objectives for 2025. The Future: In November 2024 the PCC agreed budget commitments for 2025 totalling £220,535 (2024 £214,000) to progress the work and mission of the church, noting our current commitments, our vision and desire to reach out to the parish and beyond with the Gospel of the Lord Jesus Christ. The PCC trust that the members of St John's will continue to support the work of the church and the significanl challenges that lie ahead, by their prayers and financial and other gifts. Thanks: As we thank all who contribute to St John's, we also thank the Finance Team, and particularly Carol Bagshawe for her work as PCC treasurer. The details in the 2024 annual accounts provide both encouragements and challenges. May we hear what God is saying to us through the accounts, trust Him for the future. and seek to keep in step with the Spirit, day by day. The P.C.C. of the Parish of St john's Felbridge 15 a Registered Charity, number 1132388 Page 4
ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL ST JOHN'S FELBRIDGE FOR THE YEAR ENDING DECEMBER 2024 Reserves Policy: The PCC review their reserves at their meetings, as the aim is to hold a minimum of 3 to 6 months of the previous year's regular operating expenditure as unrestricted reserves. This level is to enable the PCC to be a responsible employer and to manage its commitments, including its annual pledge to the Diocesan Parish Support Fund. In addition. a transfer of £5,000 is made each year from the General Fund to the Quinquennial Fund. The Quinquennial fund is used primarily to achieve work required, as specified in Inspecting Architect's reports following Quinquennial inspections. The next Quinquennial Survey is due to be completed in 2029. Investment Pollcy: The PCC invest funds with CCLA via a Church of England Investment Fund and a Deposit Account. The main PCC bank account is with CAF Bank Ltd. The PCC seeks to keep any surplus liquid funds in short-term deposits, which can be readily available. The PCC are grateful for the work of the Finance Team, who themselves appreciate the engagement of the PCC in finance matters, and the support of others with particular roles relating to the finances of the church. These include the Sidespersonslwelcomers, task teams, and all who contribute to St John's, and its stewardship of resources entrusted to the PCC. RISK ASSESSMENT st John's Church has established a Risk Management Process to identify and manage the risks to which the Church is exposed. The PCC supports a four-stage Risk Management Process which involves (1) identifying the potential risks to which St John's is exposed and logging them in a Risk Register,. (2) an assessment of thè potential impact and probability of those risks cryst8llising,' (3) an agreement that the high-level risks will have appropriate controls or action plans to mitigate them. and (4) an ongoing Monitoring Process to review the existinglnew risks as well as the progress with respect to completing the high-level risk action plans. The key risk groups to which St John's is potentially exposed are= Financial, Health & Safety, Reputation, Operational, Security, Legal (Statutory Requirements) and Safeguarding. STATEMENT OF THE PCC'S RESPONSIBILITIES Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the Charity's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements. the Trustees are required to: a) select suitable accounting policies and then apply them consistently: b) make judgements and estimates that are reasonable and prudent; c) state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements,. and d) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of Ihe Charity and enable them to ensure that the financial statements comply with the Charities Acl 2011. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the PCC.. Nick Wooldridge {Chaimian) David Legg (Secretary) 25th March 2025 The P.C.C. of the Parish of St John'5 Felblldge is a Registered Charity, number 1132388 Page 5
INDEPENDENT EXAMINER'S REPORT TO THE PAROCHIAL CHURCH COUNCIL OF ST JOHN'S FELBRIDGE I report on the accounts of the Parochial Church Council (the PCC) of St John's, Felbridge for the year ended 31 December 2024. which are set out on pages 7 to 17. Respective Responslbllltles of the PCC and the examiner The members of the PCC are responsible for the preparation of the accounts. The members of the PCC consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: examine the accounts of the PCC under section 145 of the 2011 Act, follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5){b) of the 2011 Act, and state whether particular matters have come to my attention. Basis of Independent Examiner's Report My examination was carried out in accordance with general directions given by the Charity Commission and to be found in the Church guidance, 2001 edition, issued by the Finance Division of the Archbishops, Council. An examination includes a review of the accounting records kept by the PCC and a comparison of the accounts presented with those records. It also includes consideralion of any unusual items or disclosures in the accounts, seeking explanations from the members of the PCC concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent Examinerfs 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: to keep accounting records in accordance with section 130 of the 2011 Act and to prepare accounts which accord with the accounting records and comply with the accounting requirements ofthe 2011 Act and with the methods and principles of the Statement of Recommended Practice (SORP).. Accounting and Reporting by Charities. 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 re8ched. Sundry Sundaran ACA. FCCA Suite 3, Independent House Independent Business Park Imberhorne Lane East Grinstead West Sussex RH19 1TU For and on behalf of Brooks & Co Dated: 1st May 2025 The P.C.C. of the Parish of St John's Felbridge 15 a Registered Charity. number 1132388 Page 6
FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL For the ear ended 31st December 2024 PAROCHIAL CHURCH COUNCIL OF ST JOHN'S, FELBRIDGE STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31$t December 2024 TOTAL FUNDS 2024 TOTAL FUNDS 2023 Unrestricted Funds Restricted Funds Notes Incoming resources Donations and legacies Charitable activities Investments Other Total incoming resources 2a 2b 156,895 9,325 5,494 25,664 99 182,559 9,424 5,494 863 198,340 189,575 5,845 4.546 2.900 202,866 2d 863 26,626 171,714 Outgoing resources: Raising profile Charitable activities Total outgoing resources 3a 3b 1.856 157,040 158,896 1,856 201,885 203,741 1,951 203,957 205,908 44,845 44,845 Net incomingl(outgoing) resources 12.818 (18,219) (5,401) (3.042) Transfers between funds Gainl(loss) on investments (10.113) 526 10,113 526 1,993 Net movement In funds 3,231 {8,106) (4,875) {1 ,049) Reconcillatlon of funds: Total funds brought forward 160,893 22,381 183,274 184,323 Total funds carried forward 164,124 14,275 178,399 183,274 The accompanying notes on pages 9 to 17 form part of the financial statements. {The Statement of Financial Activities for the year ended 31 December 2023 is stated at Note 11.) The P.C.C. of the Parish of St John's Felbridge is a Registered Charity, number 1132388 Page 7
PAROCHIAL CHURCH COUNCIL OF ST JOHN'S FELBRIDGE BALANCE SHEET AT 31ST DECEMBER 2024 Notes 2024 2023 Flxed Assets Tangible fixed assets Investments 71 23,530 775 23,003 Total fixed assets 23,601 23,778 Current assets Debtors Deposit accounts Cash at bank and in hand 6,852 144,507 7,548 158,907 3,930 152,032 8,959 164,921 Llabilities: Creditors: amounts falling due within one year 4,109 5,425 Net current assets 154,798 159,496 Total current assets less liabilities 178,399 183,274 NET ASSETS £178.399 £183,274 The Funds of the Charity: Restricted funds 14,275 22,381 General Fund Designated Fund - Quinquennial Designated Fund - Church Building Unrestricted funds 115,301 48,823 111.457 49,436 164.124 160,893 TOTAL CHARITY FUNDS £178,399 £183.274 Approved by the Parochial Church Council on 25th March 2025 and signed on its behalf: Nick Wooldridge Carol Bagshawe The accompanying notes on pages 9 to 17 form part of the financial statements The P.C.C. of the Parish of St John's Felbridge is a Registered Charity, number 1132388 Page 8
PAROCHIAL CHURCH COUNCIL OF ST JOHN'S FELBRIDGE NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31" December 2024 1. Accounting Policies a Accounting convention The Financial Statements have been prepared in accordance with the Church Accounting Regulations 2006, together with applicable accounting standards, SORP (FRS 102) and the Charities Act 2011. The Financial Statements have been prepared under the historical cost convention as modified by the inclusion of investments at market value and by the revaluation of fixed assets. The Financial Statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those which are infom)al gatherings of church members. b Fund accounting Funds held by the PCC are: Unrestricted funds- general funds which can be used for PCC ordinary purposes. Designated Funds - monies set aside by the PCC out of unrestricted funds for specific future purposes or projects. Restricted Funds- a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest; b) 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. Endowment funds- funds the capital of which must be maintained. only income arising from the inveslment of the endowment may be used, either as restricted or unrestricted funds, depending on the purpose set out in the terms of the original endowment. Incoming resources All incoming resources are accounted for gross. Voluntary Income Collections are recognised when received. Planned giving receivable is recognised only when received. Income tax recoverable on Gift Aid donations is recognised when the income is recognised. Grants & legacies are recognised when the PCC is legally entitled to the amount due. Income fmm investments Dividends are accounted for when due and payable. Interest entitlements are accounted for as they are received. All other income All other income is recognised when it is receivable. Gains & losses on investments Realised gains are recognised when investments are sold. Unrealised gains and losses would be accounted for on a revaluation at 31 December in the year of revaluation. The P.C.C. of the Parish of St John's Felbridge is a Registered Charity, number 1132388 Page 9
PAROCHIAL CHURCH COUNCIL OF ST JOHN'S FELBRIDGE NOTES TO THE FINANCIAL STATEMENTS continued For the ear ended 31st December 2024 d Outgoing resources Resources expended are accounted for on an accruals basis and are accounted for gross. Grants Grants and donations are accounted for when paid over, or when awarded where the award creates a binding obligation on the PCC. Church Actlvitles The parish contribution to the Diocesan Parish Support Fund is accounted for when paid. Any parish contribution unpaid at 31 December is provided for in these accounts as an operational {though not a legal) liability and is shown as a creditor in the balance sheet. Fixed Assets Tangible fixed assets Consecrated and beneficed property of any kind is excluded from the accounts by Section10 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 for as inalienable propety unless consecrated. They are listed in the church's inventory, which can be inspected. For inalienable property acquired prior to 1995 there is insufficient cost information available and therefore such assets are not valued in the accounts. Individual items acquired since 1995 have been capitalised in the accounts at cost and depreciated over their useful economic life. All expenditure on consecrated or beneficed buildings and individual items costing under £500 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- Fixtures and fittings 25Q/o Straight line Computer and AV equipment 33.3°/o Straight line f Current Assets Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectible. Short-term deposits include cash held on deposit either with the CCLA, CBF Church of England Funds, CAF Bank Ltd, or at Natwest Bank PLC. The PCC opened accounts with CAF Bank Ltd in 2016, due to the charges now applied by Natwest Bank PLC on charities with a turnover of more than £100,000. g - Going Concern The Charity is grateful for the financial support from members of St John's. There are no material uncertainties about the charity's ability to continue as a going concem. The P.C.C. of the Parish of St John's Felbrid£e is a Registered Charity. rnumber 1132388 Page 10
PAROCHIAL CHURCH COUNCIL OF ST JOHN'S FELBRIDGE NOTES TO THE FINANCIAL STATEMENTS continued For the ear ended 31st December 2024 2. Incoming resources Unrestricted Funds Restricted Funds TOTAL FUNDS 2024 TOTAL FUNDS 2023 2a Donalions and Legacies Regular giving Collections at services Gift days Sundry donations & appeals Legacies Income tax recoverable 115,508 1,954 130 966 5,209 75 20,380 120,717 2.029 20,510 966 141,378 2,906 20,882 1,408 38,337 156,895 38,337 182,559 23,001 189,575 25,664 2b Charilable activities Income from use of buildings Fees from weddings, funerals Other activitylevents Book sales & Glebe café 2,824 3,859 1,918 724 9,325 2,824 3,859 2,017 724 9.424 2,942 1,429 487 987 5,845 99 99 2c Investment income Interest 5,494 5.494 5,494 5.494 4,546 4,546 2d Other income Energy Grant Fresh Expressions CYP Grant 1,400 1,500 2,900 863 863 863 863 Total incoming resources 171,714 26,626 198,340 202,866 The P.C.C. of the Parish of St John's Felbridge is a Registered Charity, number 1132388 Page 11
PAROCHIAL CHURCH COUNCIL OF ST JOHN'S FELBRIDGE NOTES TO THE FINANCIAL STATEMENTS continued For the ear ended 31st December 2024 3. Outgoing resources Unrestricted Funds Restricted Funds TOTAL FUNDS 2024 TOTAL FUNDS 2023 3a Raising profile Communications and publicity 1,856 1,856 1,856 1.856 1,951 1,951 3b Charitable activities Mission & charitable giving.. Mission partners Other mission Discrelionary 22,750 12.264 1,615 36,629 22,750 12,469 1,615 36,834 19,040 5,296 10,048 34.384 205 205 Ministry costs.. Diocesan parish contribution Employees - payroll. expenses reimbursed. training Clergy costslexpenses Church operating costs Church hall operating costs Office running costslsundry Fees: WeddingslFuneralslSGP Mission teamlcourseslevents Meeting Togetherlworship team Music & Audio Youth & Children team costs Youth activities Discipleship & pastoral Quinquennial work Catering Vicar recruitment Independent examination fee 72,300 72,300 69,972 31,042 8,216 39,258 52.096 20,476 7,531 4,868 2,697 2,629 20,476 7,531 4,868 2,697 2,629 21,741 6,463 3,029 2,687 2,138 106 2,506 1,219 1,538 410 1,951 429 1,227 2.132 429 1,227 2,132 650 5,612 2.044 2,038 1,160 156,835 650 5,612 2.044 2,038 1,160 165,051 2,486 157 1,074 169,573 8,216 Total resources expended 158,896 44,845 203,741 205,908 Restricted Church Centre Project Costs above are costs relating to the alterations to the interior of the church building, which took place in 2016. These costs include Architect's fees in connection with the lighting design and submission of proposals to the Diocesan Advisory committee during 2015. A Faculty for the work was received in October 2015, and the work was completed in 2016. However, the costs of the fixed assets purchased during the project, are charged lo the accounts over a period of four years so were fully depreciated by 31 December 2021. The P.C.C. of the Parish of St John's Felbridge is a Registered Charity. number 1132388 Page 12
PAROCHIAL CHURCH COUNCIL OF ST JOHN'S FELBRIDGE NOTES TO THE FINANCIAL STATEMENTS ¢ontlnued For the ear ended 31st December 2024 4 Other financlal activity Wages and salarles The PCC employed an Associate Pastor until July 2024. a part-time Church Administrator, a part-time Discipleship Leader and since September 2023 a part-time Children's worker. No employee received emoluments of more than £60,000. Pension contributions (8°/0) are paid by the PCC. which are included in the amounts below: 2024 2023 Associate Minister (youth & children) to July 2024 £19,041 Administrator (Part-time) £7,742 Discipleship Leader {prr and on leave for some of 2024) £6,762 Children's Worker (prr and part year in 2023) £7,612 b Payments to PCC members None of the PCC members (truslees) have been paid remuneration for being trustees. The total amount of expenses reimbursed to nine (2023: six) PCC members was £6.689 (2023 £5.848). The expenses related to travel and resources for the church. Independent Examination Fees The amount paid in respect of the independent examination of the financial statements was £1,160 including VAT (2023 £1,074). £34.070 £7,374 £6,599 £2.173 2024 Church Equipment 2023 Church Equipment 5 Tanglble fixed assets Cost or valuatlon At 1st January 2024 Additions Disposals 70.099 70,478 (379) At 31st December 2024 Depreciation At 151 January 2024 Provided in the year Disposals At 31st December 2024 70,099 70,099 69.324 704 67,485 2,218 (379) 69,324 70.028 Net Book amounts At 31st December 2024 71 775 At 31st December 2023 775 2.993 The P.C.C. of the Parish of St John's Felbfidge 15 a Registered Charity, number 1132388 Page 13
PAROCHIAL CHURCH COUNCIL OF ST JOHN'S FELBRIDGE NOTES TO THE FINANCIAL STATEMENTS continued For the ear ended 31st December 2024 6 Investments. The PCC purchased £20,000 worth of units in the CCLA Church of England Investment Fund on 27th October 2020. The total valuation of those units was £23,530 on 31st December 2024 (2023: £23,003) The investments provided income of £639 in 2024 {2023 £629). 7 Debtors 2024 2023 Income tax recoverable Other debtorslprepayments 3,033 3,819 6.852 3.930 3,930 8 Creditors.. amounts falling due within a year: 2024 2023 Accruals for Ind. Exam fee and other costs Diocese of Southwark Other creditors 1.100 1.359 1,650 4,109 1,050 903 3,472 5.425 9 Statement of Funds (Comparison figures for 2023 are shown at Note 13) Balance bfvd 1 Jan 2024 Income Expendilure Transfers. other gains and losses Balance c1fv4d 31 Dec 2024 Unrestricted Funds General fund 111.457 172,240 153,283 (15,113) 115,301 MissiontYouthlQuinquennial Church centre project fund 49,436 5,613 5,000 48.823 160,893 172.240 158,896 (10,113) 164,124 Restricted Funds Mission fund Fundo project Church centre project fund Restricted (various small projects) Staff fund Stephen Bowen Memorial Youth activities & events 3.752 6.992 7,024 3,976 20.912 2,566 24,637 9,558 750 777 1 .200 (67) 7,630 8,224 4.037 3.148 3,020 7,630 637 637 600 14,275 178,399 600 10.113 22,381 26,626 183,274 198,866 44,845 203,741 Total Funds 9a Analysis of Net assets by fund. (Comparison figures for 2023 are shown at Note 12.} Unrestric16d Funds Restricted TOTAL FUNDS Funds 2024 TOTAL FUNDS 2023 Fixed assets Current assets Current liabilities 9,326 158,907 (4,109) 164,124 14,275 23,601 158.907 14,109) 178.399 23,778 164,921 {5,425) 183.274 14,275 The P.C.C. of the Parish of St John'5 Felbridge is a Registe¥ed Charity. number 1132388 Page 14
PAROCHIAL CHURCH COUNCIL OF ST JOHN'S FELBRIDGE NOTES TO THE FINANCIAL STATEMENTS contlnued For the ear ended 31$t December 2024 Church Centre Project Funds In 2004 the PCC decided to plan to provide renewed church buildingslcentre at some time in the future. To prepare for this the PCC opened a restricted fund and also designated some of its unrestricted reserves for this purpose. The restricted fund is used to receive specific donations for and to pay relevant costs relating to the church buildings. These funds were used in 2012 and in 2016 for the internal alterations to the church buildings and since for the depreciation and replacement of the assets acquired during those projects. FabrlclQulnquennlal Fund The PCC set aside funds to prepare for potential large costs incurred in maintaining the buildings and as a result of Quinquennial Inspections. £5,000 is transferred from the general fund on an annual basis to cover any such expenditure. The fund has been used for relevant work, particularly in 2024 for adding a rail to the west boundary of the car park and replacing the door on the churchyard shed. The fund will continue to be used for re-pointing and other work as required. The next Quinquennial Survey is due in 2029, after which further work may be required. The fund balance on 31st December 2024 was £48,823 {2023'. £49,436). Mlsslon Fund The PCC offer the congregation an opportunity to make donations to a restricted fund for mission outside Felbridge Parish. Donations to this fund are encouraged on a special annual world mission gift day. The fund is used to support mission partners, projects and charit18s approved by the PCC. The mission fund movements show monies received as a result of World Mission Gift Days, as well as payments from the fund. The mission links supporled by the PCC are currently Church Army, Church Mission Society, the Anglican Church in Argentina, Church Pastoral Aid Society, St Calherine's Hospice, Tearfund, Welcare, and Wycliffe Bible Translators. The PCC encourages prayer and financial support for these links. It also reviews mission links from time to time and agrees allocations of monies from this fund at least once a year. Staff Fund The PCC agreed to employ members of staff and created a restricted staff fijnd in 2008 to encourage financial support for staff costs. The PCC employed a part-time church administrator from April 2014 and a youth minister from July 2017 until July 2024. From July 2020 two associate pastors were employed rather than one youth minister. Since March 2021 a part-time discipleship leader, and since September 2023 a part-time Children's worker have been employed. One associate pastor moved to a position in a mission agency in October 2022, by which time Ihe parish had received a Curate. The staff fund enables any person who wishes to make donations specifically for use in meeting staff employment costs. 10 CHURCH & HALL REFURBISHMENTS In order to enhance our contact and service to the residents of the parish and beyond, a major upgrade was made to the church hall during 2012 which included new roofing. a high level of insulation, new heating system, entrance, and toilets plus an enlarged fully equipped kitchen at a total cost of £152,880. In 2015 a faculty was granted to carry out works to improve access, and to update the heating, lighting, seating, audio visual facilities in the church. This work took place in 2016 at a total cost of £162,983, including the purchase of fixed assets totalling £47,673. The fixed assets were depreciated over a period of four years, and so were fully depreciated by 3181 December 2021. Some enhancements to technical equipment have been made in recent years as required. for live streaming and other church ministry purposes. The P.C.C. of the Parish of St John'5 Felbridge is a Registered Charity, number 1132388 Page 15
PAROCHIAL CHURCH COUNCIL OF ST JOHN'S FELBRIDGE NOTES TO THE FINANCIAL STATEMENTS For the continued ear ended 31 December 2024 $t 11 STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31st December 2023 TOTAL FUNDS 2023 TOTAL FUNDS 2022 Unrestricted Funds Restricted Funds Notes Incomlng resources Donations and legacies Charitable activities Investments Other Total incoming resources 145,159 5,845 4,546 1,400 156,950 44,416 189,575 5,845 4,546 2,900 202,866 181.455 11.915 1,309 2,400 197,079 2b 2d 1,500 45,916 Outgolng resources: Raising profile Charitable activities Total outgoing resources 1,951 134,705 136,656 1,951 203,957 205,908 1.950 199,454 201.404 3b 69,252 69,252 Net Incomingl(outgoing) resources 20,294 (23,336) (3,042) (4,325) Transfers between funds Gainl(loss) on investments {33,451) 1,993 33,451 1,993 (2.789) Net movement In funds (11,1641 10,115 (1,049) {7.114> ReconcFliation of funds: Total funds brought forward 172.057 12,266 184.323 191,437 Total funds carried forward 160,893 22,381 183.274 184,323 12 Analysis of Net assets by fund at 31 December 2023 Unrestricted Funds Restricted Funds TOTAL FUNDS 2023 TOTAL FUNDS 2022 Fixed assets Current assets Current liabilities 1,397 164,921 (5,425) 160,893 22,381 23,778 164.921 (5,425) 183,274 24,003 179,935 (19,615) 184,323 22,381 The P.C.C. of the Parish of St John's Felbridge is a Registered Charity, number 1132388 Page 16
PAROCHIAL CHURCH COUNCIL OF ST JOHN'S FELBRIDGE NOTES TO THE FINANCIAL STATEMENTS contlnued For the ear ended 31$t December 2024 13 Statement of Funds at 31 December 2023 Balance bmwd 1 Jan 2023 Income Expenditure Transfers, other gains and losses Balance clfvid 31 Dec 2023 Unrestricted Funds General fund 127.621 156,950 130,042 (43,072) 111.457 MissionfYouthlQuinquennial Church centre project fund 44.436 6,614 11,614 49.436 172,057 156,950 136,656 (31,458) 160,893 Restrlcted Funds Mission fund Fundo project Church centre project fund Restricted (various small projects) Staff fund Stephen Bowen Memorial Youth activities & events 2,968 20,912 8,492 245 15,008 1,259 20,128 1,500 3,752 6,992 7,024 3,976 6,779 1,882 12.914 34,300 33,041 637 637 410 69,252 205,908 410 33,451 1,993 12,266 45.916 184,323 202,866 22,381 183,274 Total Funds 14 FELBRIDGE ST JOHN'S STIPEND ACCOUNT- MARGARY TRUST- VICAR'S ENDOWMENT The late Ivan Donald Margary, the former Patron of Felbridge Parish and a local historian and archaeologist who lived at Yew Lodge and worshipped at St. John's, Felbridge created a Trust on 2nd January 1961 between himself and the Rochester and Southwark Diocesan Church Trust (RSDCT). The Trust was created with some investments (some £6.000 to £7,000 in stocks and shares} and it was the duty of the RSDCT to manage the fund and use the income to augment the stipend of the Incumbent of Felbridge Parish. In the late 1980's and early 1990's discussions took place involving the Diocese. Lawyers, the Parish and the Incumbent when some agreements were reached. Since 1994 the income from the Margary Trust fund has been paid to the Diocesan Stipends Fund rather than direclly to the Incumbent. The income from the Margary Trust remains restricted for the support of the Incumbent of Felbridge, but little as augmentation, but mostly as part of the funding of the Incumbent's stipend. The income from the Margary Trust is therefore paid to the Incumbent of Felbridge via the Diocesan Stipends Fund, and not directly, and is shown on an Incumbent's payslips, not as augmentation, but as part of the Incumbent's stipend. It was agreed that the Incumbent of Felbridge should receive an additional £500 per annum as an attempt to reflect the wishes of the late Mr Margary. During a vacancy the income is added to the capital of the fund, after deduction of specific costs as specified in the Declaration of Trust. For legal reasons the Margary Trust remains in the name of Felbridge, St John's as managing trustees. but the Fund (number 0359) is held by the Diocesan Board of Finance (DBF) as Custodian Trustee. as the RSDCT was dissolved on 14th August 2001. We calculate that the Margary Trust investments generated income totalling £14,183 during 2024 (2023 £13,889) and the bid price value of the investments at 31st December 2024 was £522,616 (2023 £510,921). These figures reflect the fact that the income between 1st January 2013 and 10th April 2016 had to be added to the capital in view of the incumbency vacancy during that period. The diocese benefits from the income from the Trust, so the PCC include this income stream in their discussions and calculations, as they prayerfully agree an annual pledge to the Diocesan Parish Support Fund. The P.C.C. of the Parish of St John's Felbridge Is a Registered Charity, number 1132388 Page 17