The Parochial Church Council of The Ecclesiastical Parish of Leatherhead (reglstered charlty number 1132607) Annual Report and Financial Statements of the Parochlal Church Council for the year ended 31 December 2023 Incumbent: The Revd William Perry The Rectory 3 St Mary's Road Leatherhead Bank: Barclays Bank plc (Epsom Group) Independent Examiner: Andrew Skilton ACA Brewers Chartered Accountants Bourne House Queen Street Gomshall Surrey GU5 9LY The Parochial Church Council of The Ecclesiastical Parish of Leatherhead (reglstered charlty number 1132607) 2023 Rectorfs Review How do we encapsulate a year filled with th2 remarkable presence ol God and what He ha5 done amongst us on one pageP Thank you, God. Our Churth's 8uidin8 Vision-to L¢)ve God. Love People. and Make Dlsdples-has kept us to the mission of Sod in our town in 2023. LDV• God- has been central to U5 throughout the year. In 2023, we dili8ently pursued a deeper walk with God, centring ourselves on Jesus, immers5ng in His word, and fervently seekin8 His presènce through prayer. Wltnessing the growth in our corporate worshSp and prayer 8atherSn8s on Sundays has been so encoura8Sng, as well as the launch ol our monthly prayer evenings on Wednesdays and Kln8dom Come events., where we partner wlth other local chLJTches to pursue God together. It's also been so encouragln8 to hear of so rnany growing In their love and yieldlng to God. We thank God for BIOY and Lectlo. for famllles, and for the great resources that have blessed Indlvlduals and famllles In thelr walk wlth Jesus. In our endeavour to Love People, 2023 marked a year of Impactful partnershlp5 wlth varlou5 or8anlsatlons dedScated to brln8Sng hope and practical love to the comrnunity of Leatherhead and beyond. We want to be a church for the whole town. We thank God for our Church partners- Besom, Foodbank, The Meeting Room. LYP. Open Ooor5, and The Hub-for their Invaluable work. Through inltlatlves Ilke LDve Christmas, whlch is distrlbuted in collaboratlon wlth our partners, and over 300 bags ol kindness. we've sought to be a Church that shows people they are seen, valued, and loved. Makln8 Dlstlples has been a pivotal aspect ol our misslon. Followln8 Jesus's command to Make, Mark, ènd Mature dlsciple5, we concentrated on spreadlng the Good News of Jesus Chdst. The success of our three Alpha courses. wlth over 140 participants, numerous salvatlons, and seven bapt15m5,15 a testament to God's grace. Alpha remains cornerstone to our operatlons as we contlnue to share the hope we've found In Christ. Over the Chrlstmas season, we had the opportunlty to share the gospel w5th well over IOQO who came to our carols and we are invited all ol them to Alpha. Deeper wa5 plloted and launched In 2023, wlth slx groups of people dlgglng Into God's word, seeklng lo grow Sn character as we look to glve ourselves Intentlonally away to God, each other and the people ol Leatherhead. The Rlsing Generatlon mSnlstrles have been a particular hlghllght. AS we dedlcate a large amount of our attentlon and re50urce5, seeklllg to ralse passlonate dlsciples of Jesus. On Sundays. we've seen Klds Church 8row to an average of 3S kid5 each week with twenty-one wonderful volunieers. Yout evenln85 have a150 been launched. with rnaTry people comin8 ta faith and belng bapt15ed. The growth of our church family has been remarkable, with 157 new members officially iosning our congre83tion In 2023. This iDflux, alongside new people vi51tin8 every week frorn all areas in Leatherhead and beyond,15 mSrrored in our growth in generosity both financially and we now have over 100 serving on SuThday teams. While WÈ celebrate the numerical growth. frorn an avera8e attendance of 40 before we arrived, to now Dver 240 gathering acros5 our three services every Sunday, what truly fills our hearts with joy 15 witne$5in8 a deepening hunger for God among us. A5 we continue lo embody our Vision to Love God. love People. and Make Disciples we do so In the name of Jesus, trustlng In HS5 contSnued guidance and grace. Thank you, God, for your klndness. On behalf of the LPC Revd Will Perry & SophlE Perry Rector of Leatherhead 27 February 2024 (2) Trustees. Annual Raport for th• year kn 31 December 2023 Hlstoryi Obiertives and ActlvStles The Parochial Church Council of the Ecclesiastlcal Parlsh of Leatherhead 1'PCc￿ together with the Incumbent, The Revd William Perry, exists to promote the whole mission of the Church, which Includes all pastoral, evangellstlc, socSal and ecumenlcal aspects. The PCC a150 has responsibllity for the Parlsh Church of St Mary and St Nlchola5, the daughter Church Centre of All Salnt5 and related properties. The Church Centre of All Salnts Is Ilcensed to Leatherhead Youth Project for use as a youth café. Dtsnatlons. grants, legacies, and other funds received have been received under terms that allow the PCC to either retain the amounts for future use or to spend them on suitable projects. Certain funds are for specific or restrlcted purpD5es and accordingly are ring- renced from other types of expendlture. The governing documents by which the PCC operates are the Parochial Church Councll Powers Measure119561 as amended ancl the Church Representatlon Rules Icollertlvely and Indlvldually the -Documents"l. M•mb•r8hlp Members of the PCC are ex officlo. elected or co-opted by the Annual Par¢chlèl Church Meetlng IAPCMI in accordance with the Church Representation Rules. Members are generally elected for three years wlth one third of the members retiring each year at the APCM. In addlllon, the PCC may co-opt or appolnt members as allowed by the Church Representation Rules. During the year the followlng served as members of the PCC: In¢uml)ent: The Revd Wllllam Perry Chalrman A•so¢lat• Mlnl*tor: The Revd Tom Hlll Llc•n*•d Lay MlThlst•r Sally Mllner (from 27 March 2023) ChurchwJrden•: Anne Thomson (lay Vlce-chalrj AMl#tant W•rdeh: Sheila Sutherland Rlchard Prlce (retired 17 May 2023) (elected 17 May 2023) Reprejentatlves on D•anery Synod: Annc Thom50n Joseph Moore Daniel Stack Sheila Cole Susan Roberts (elected 17 May 2023) (appolnted by PCC 18 September 2023) (appointed by PCC 18 September 2023) (retired 17 May 2023) (retired 17 May 2023) Elerted members: (perlod left to serve) One year: Grant Cllfford Rlchard Prlce Angela Rive Janlne stagg Martin West (elected Asslstant Warden 17 May 2023) (resigned 30 September 2023) {3} Two years: Jane Summerfield Charfes Wheeler (resigned 20 February 2023) Three years: Linda Hauxwell Veronica Kay Doug Waters Carolien Andrew (resigned 30 September 2023) (appointed by PCC 18 September 2023 prevlously co-opted) Co-opted by PCC on 18 September 2023: Frank Ctsnnolly Juan Caroslo Prevlously co-opted in November 2022: Vlnce Hudson (resigned from PCC August 2023 after appolntment •5 Worshtp and Facllities Manager) Church Attendance October 2023 Week cornmenclng Adults 16+ At worship on Sunday Chlldren & oun Attendino wor5hlp lattlvltles on Sunda Cfrurch eo Addltlonal adults mldweek Weekday servlce5 & worshlp actlvltles Church Fresh ressiort Church Fresh ex re551on Fresh ex reS￿On Church Fresh ex ressio Sun Isi October Sun 8rh October Sun 15th October Sun 22nd Ortober 170 132 154 30 39 215 21 Parlsh El•rtorJl Roll The Church Representation Rules requlred the creation of an entirely new Electoral Roll in 2019. On the closlng date for appllcatlons for enrolment, 5 Aprtl 2019, there were 113 names on the new Electoral Roll. At the 2023 APCM, the number of names on the Electoral Roll was reported as 116. PCC Revlew ol the Ye•r 2023 The PCC met four time5 during the year. In addltlon, the Flnance Team (formerly standlng Commltteel had met three tlmes (once by Zoom). At each meeting, the Treasurer provided update5 on movements in the budget. It Wa5 noted that while income from glvlng was growing significantly, expenditure on staff salaries had also rI5en. This was being monitored. Staff salaries and employer's pension contributions would be reviewed at the start uf 2024. The proceeds of collections taken at services over Christmas 2022 were glven away to (4) charities helplng needy and underprivileged people in Leatherhead and it was expected that simSlar arrangements would apply to collections at Christmas 2023. Three sesslons of the Alpha Course were held at LPC during 2023 and two sesslons of Deeper bible study which followed. The PCC was updated on number5 attending these courses. The PCC broke Into small group discussion on how LPC could become Church for the whole of Leatherhead le5pecially North Leatherheadl and ideas generated were to be taken forward by the ministry team. These included the possibility of more use of All Saints Church for services and the organisation of lifts or minibus to bring people from North Leatherhead to LPC. There was dlscusslon about the contlnuation of the Autumn Fayre. While members valued It a5 z communlty event, the Fayre was no longer needed as a fundralsln9 event and there had been Incidents at the Fayre held in September 2023 whlch led to a declslon that there should be no Fayre In 2024. The curate's house, 52 Woodbrfdge Avenue, been rented on a short-term tenancy to One of the worshlp group leader5, and further rooms had been advertised for short-term tenancyi on the understanding that tenants would have to vacate when the house was quired for an incornlng curate (expected Juneljuly 20241. The Flnance Team had dlscussed the dlvlslon of Parlsh Share for the Benefice between Leatherhead and Mlckleham and had agreed that LPC was now able to pay a hlgher portlon of the charge. Thls was to be dlscussed between the two Treasurers and the Dlocese. Hlrlng charge5 for the Hall and the Church had been rev5ewed and all hlrers notlfled of the new rates. All bookings are now made v5a an onllne booking system which reqUI￿S payment to be made at the polnt of booking. Whlle a few booklngs have been lost for various ￿asonS, we have gained at least one new hirer for several days a week on a yearly basls. Thls ha5 entailed some actlvltles being transferred to the Church and C*ther activlties moving to different days of the week, resultlng In a net galn of some £20k. The PCC re¢elved reports on the need for replacement of the central heatlng boller In the Hall. Options were belng explored by the Building Projects Team and would be brought to the PCC for declsion. Option5 for provlslon of car parklng on Sundays were also explored. The Finance Team approved revised flnanclal authorities, expenditure proce55 and credit card procedures. The PCC received regular reports on the proceedlngs of Leatherhead Deanery Synod. LPC has hosted a mèeting of the Oeanery Chapter and on 28th June hosted a meetlng of Gulldford Diocesan Synod. Regular ￿pOrtS were a150 received from the Safeguardlng Officer on safeguardlng of children and vulnerable adults Anne Thomson Churchwarden (5) Churchwardens. report on the Fabrlc. Furnlshlng and Ornaments ol the Parlsh Church and Churchyard and All Salnts, Indudlng th• Churchyard- January to December 2023 The re-ordering project, completed in 2022, has delivere(l a warm space with ottractlve flooring and flexlble seating on chalr5 which can be re-arranged as required for different events. The wooden chalr5 purchased as part of the project have been augmented by upholstered chairs transferred from the Hèll and which are very nece55ary to accornmodate the larger congregations now attendlng Sunday morning services. The kltchen is in regular use for the preparation and serving of refreshment5 before and after Sunday services and for the preparation of dinners before the Alpha and Deeper sesslons The platform has been ralsed and extended to accommodate the larger number of slngers and Instrumenta115ts in the muslc group and to enable them to be seen more easlly by those further back In the congregation. The sound system and the mu51c group's amplification equipment have been augmented and Improved and an enlarged sound desk Installed. Thanks are due to Vince Hudson for hls expert15e and advice on all of thls. The lack of storage space has become a problem with the lower Vestry becomlng Increasingly cluttered w5th muslcal equipment, flower stands etc, and thls wlll need to be addressed before too long. The Qulnquennlal Inspertion is due to take place durlng 2024 and thls wlll undoubtedlv produce a Ilst of defects to be remedled, Across the road In the Hall (The Llghthouse}, the main need is for the replacement of the central heatlng boiler. Attempts to obtaln grant assistance towards thls have so far been unsuccessful and thi5 is now being included In the church budget requlrements. The Friends of Leètherhead Parish Church IFLPC) contlnue to organlse working partle5 on thè flrst Saturday of the month worklng alongslde the gardenwork contractor who undertake5 regular grass mowlng In the churchyard. As Churchwarden, l express profound thanks to Martln Cole; to Doug Waters and the Hall Cofnmittee,. and to John Andrews, who has been so helpful In lo¢?t5ng and en9aglng contrnctors. Thanks are also due to Chrls Evans and the FLPC for the provision of valuable financlal asslstance towards the c05t of maintalnlng the fabrlc of the Church and the surrounding churchyard. Ann• Thom$0 Churchw•rden Saf•guardlng Roport Because of the successful growth of chlldren'5 and youth events al LPC this past year, Angela Rlve and Di Gale have had a busy time getting all new leader5 and helpers their DBS clearance. We now have over 40 adults on our list of certificate holders. clearan￿ 15 Iso corning through much quicker now, often within a fortnight. The Church of Enuland safeguardlng courses are well lard out, Informative and Ylell worth doing. It Is irnportant to show that we at LPC understand the Importance of safety and welfare for everyone attending tsr vi51ting our church. Thank you for everyone who has completed one or more course this year. 16) Some courses are mandatory for those who have positions of responslblllty wlthln our church, but the 'starter' courses are also very sultable for anyone who Is Interested. Most courses are done on-llne so can be done in the comfort of one's own htsmes. After 8 years or so l arn standing down from the role of Safeguardlng Officer. I'm sure you will all support rny successor as this job evolves and grov4S. Dlana Gale Safeguardlng Offlcer MJnJgement and Governance Arr•ngements The Chairman of the trustees is responsible for the Induction of any new trustee whl¢h Involves awareness of a trustee's responslbllltSes, the Documents, admSnlstrntlve procedure5, the history and phllosophlcal approach of the PCC. The trustees annually revlew the risks that the PCC faces. To date these have malnly related to property and equlpment condltlon, Investment management ond maintenonce of proper checks and controls over the receipt and payment of funds. There are also minor sks related to ernploylng staff whlch have been covered by proper procedures and Insurance. Procedure• and Poll¢y for Grant Maklng Any grants or donations made for mis510nary and charitable giving to churches overseas, trainlng grants and books and home mlsslons or other church socletles are approved by the trustees at their regular meetings. OwnerAhlp of Propertl The PCC owns the freehold of one resldentlal property, namely 52 Woodbrldge Avenue, Leatherhead. whlch Is deslgnated as the curJte'5 house but hos been occupied durlng 2023 on a shorthold tenancy by a member of the worshSp team. fnve•tment• The PCC invests surplus fund5 wlth the Church Benevolent Fund at prevalllng Interest rate5. Funds so Invested were £20,513 at the year-end12022'. £19,875). Interest rates applicable during 2023 were around 5% pa. The PCC also holds unlt Investments In the Church Benevolent Fund, the value of whlch varSes according to the fund's perforniance. Flnan¢l•l Revlew and Reserves The trustees conflrm that the hnan¢lal statements set out on pages 12 to 20 comply wlth all appllcable accounting standard5 and slatements of recommended practlce. Publlc B•n•fit statement The PCC has complled wlth Its duty to have due regard to the guidance on public beneflt published by the Charity Commission for England and Wales. stjternent of Trust•es' Responglbllltles The trustees are responsible for preparing the Annual Report and the flnan¢ial statements in accordance with applicable law and regulatlons. The law applicable to charities in England & Wales requI￿S the trustees to p￿pare financial statements for each financial year in accordance with Llnited Klngdom Generally Accepted Accounting Prèdlce (United Klngdom Accounting Standards and applicable law). The trustees rnust not approve the financial statements unless they are satlsfied that they give true and falr view of the state of affairs of the charity and of the incorning resource5 and appllcatlon of resources. includlng the Income and expendlture. of the charity for that (7) period. In preparing these financial statements, the trustees are required to.. a) select sultable accountlng pollcles and apply them consistentlyi b) observe the methods and prlnclples In the Charftle5 SORP. cl make Judgments and accountlng estimates that are reasonable and prudent. d) state whether applicable UK Accountlng Standards have been followed, subiert to any matedal departvre5 disc105ed and explalned In the flnanclal statements. el prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charlty wlll contlnue to operate. The trustees are responslble for keeping sufficient accovntlng record5 that disc105e with reasonable accuracy at any tlme the flnancial position of the charlty and enable them to ensure that the flnanclal statements comply wlth the Charltles Act 2011, the Charlty (Accounts and Reports) Regulatlon5 2008 and the provlsions of the trust deed. They are also responslble for safeguardlng the assets of the charlty and hence for taking reasonable steps for the preventlon and detectlon of fraud and other irregularities. Ind•p•nd•nt Examlner The trustees have appolnted Andrew Skllton ACA of Brewers Chartered Accountants as independent financial examiner. Signed on behalf of the trustees (8) Independenl Examiner's Report to the TNsl••s of the Poroehial Church Council of the Eccleslasttcal Parfsh ol Lealherhead I report to the trustees on my examination of the linonciol stotements ol Porochiol Church Council ol the Ecclesiastical Parish I'lhe chority'l lor the year ended 31 December 2023 whSch comprise the Statement ol Finoncial Aclivities. the Balance Sh8el and relaled notes. This report Is maole solely to the charity's Iruslees. os o body, in oecordance wth 5ectlon 145 01 the Choritie5 Acl 2011. My work ha5 been undertoken so that I might state to the chorily's trustees those matlers l am required lo slate to thew In thi5 reporl and lor no olher purpose. To the fulles1 extent permilled by low, I do not occepl or assume re5pon5ibli ity lo anyone other ttton the charity and the chority's Iruslees os o body. lor my werk, Icrf this report, or tor the oplnions I have Iiymed. Rwponslblutles and bos13 ol rept As the trustees ol the charity you ore responsible lor Ihe preparation ol the Ilnanciol statements in occordonce wth the requlremenls ol the Charities Act 2011 I'lhe Act'l. I report in respect ol my exomSnollon ol the charity's financial slatemenls carrled out under section 145 01 the Act and in carrying out my examinolion I hove followed all the applicable Direcllons Glven by the Charity Commission under section 14515llbl al the Act. An independent examinallon does not involve gathering all the evidence Ihal would be required in an audit and con5eqLJently doe5 not cover all the mallers Ihot on audltor Considers in giving the￿ opinion on the linonciol slalement5. The planning ond conduct ol on audll goe5 beyond the limited assvronce Ihol on independent examination can provide. Consequently l expre55 no opinion 05 lo whether the financial statements present o 'lru8 and loir, view and my report 55 Ilmited lo Ihose specllic matters sel out In the Independent examin8r'5 slalement. Independent •xamlner'i statement Since th& charity's gross income exceeded £250.OCK) your exominer musl be o member ol a body15sled in 5ecllon 145 01 the 2011. I conlim Ihot l om quolllieé to undertoke the exominalion because l am a member of ICAEW. which is one ol the listed bodies. I have completed my examination. I conlirrn thol no malerfol mollers have come lo my ottentlon in connection with the exominolion giving me couse lo believe that in any matellal re5pecl- > occounling records were nol kept in resgecl ol the charity as required by secllon 130 01 Ihe Acl.. or the 1Snoncial statements do not accord with those rec￿d$., the financial slotement5 do not compty wth the opplicable requirements concerning the form and content ol accounts Set out in the Choritles IAccounls and Reportsl Regulolions 2008 other Ihan any requwemenl that the accoun15 give o 'lrue and lair view which 15 not a moller considered 05 Port ol on independenl examination. {9) Independent Exomlner's Report to Ihe Trustees of the Parochlal Chureh Council of the Eccleslosllcal Parfsh of L¢qthethead I have no concems and have come acros5 no other motler5 in connection wlth the exominallon lo ￿lch attention should be drcNvn in Ihis report in ardeT lo enable a proper undersfanding I the financial 51otements to be reached. Andrew Skillon, ACA Independent Examiner 8rewers Chartered Accountants Boume House, Queen Street, Gomshall, SuThey, GU5 9LY Dale: L %4Aty 2 (io) A Treasurer's Report on the year ended 31 December 2023 2023 saw a step change in Planned Givlng both in terms of more regular glvers and ncreased contributions from those already giving. This regular income allows us to plan for the year ahead wlth a degree of certaSnty. In addltlon, we recelve once-off donatlonsl contributions to specific events for whl¢h we are always grateful. Hall rental income also increased as bookings increased supported inltially by an administrator and now handled by an online booking system. Thanks are due to Meredith for her time and effort in supporting this important activity. Events such a5 Autumn Fayre, Dog Show, also added to our funds and provided 9reat occasions to welcome all of Leatherhead to our Church land many thanks are due to all the people who gave theSr tlme and efforts to make them so successful.) However, expenses also Increased wlth thls hlgher level of actlvlty, wSth hlgh energy prices and general maintenance as well as irnprovement projects such as the re- decoration of the Church Hall. 2023 saw an increase in staff members with new roles Introduced to cover operatlonal actlvltles. It is expetted this w511 brin9 a constant focu5 on securing cost-effective supplies. We have a150 updated our financial process and procedures to reflect the new organisation. Other increases in expenditure come from runnlng rnany new coursesl actlvltles and we have Increased our allocatlon ol funds for Outward Givin9. We were very grateful for contlnued flnancl•l help from the Church Revlta115Otlon Trust and the Dlocese who provlded "start-up" fund5 to 5UPPOrt the ministry In Leatherhead. Looklng ahead we will continue to recelve some funds, but we are plannlng and expect to be able to stand on our own flnanclal feetl The cost of the Children and Families Ministry is met from separate funds restricted for those purposes whlch wlll co)ntinue to provlde 5UPPOrt for thls area for several years. Although overall for 2023, expendlture exceeded Income we have now In place the organisation to support a much Increased {and Increaslng) congregatlonl Looklng ahead to 2024, there are plans for further growth In the numbers and level of gular givlng as well as Increased rental Incorne. The Flnance Team has put together a budget which has been agreed by the PCC using this expected increased income to expand artivities and to contlnue to maintaln and enhance our faclllties. As always, we are very grnteful to the Frlend5 of Leathethead Parfsh Church who provide valuable financlal support for the upkeep of the fabrlc of the church and churchyard. I would Ilke to thank all those who help wSth deallng wlth the flnances/ money and In partlcular Veronlca Kay Iwho stood down from flnznclal duties after many years carrylng out all the operational finances task5). We are very grateful for her metlculous work in managlng the transactions and malntalnln9 the financial records and wish her well to enjoy tlme dolng other activitiesl Charles Wheeler Trea•urer Iii) THE PAROCHIAL CIILIRCM COIIIICIL OP THE ECCLESIA5TtCAL PARISH OF LEATHER TrIEAD 5TATEf4ENT OF FIMAficiAL ACTIVITIEB •Dr the yqaranded JI 2021 Total 2•2> Total 2022 Vundl Fund P¥n¥• INCOME AWD etlOOWMENYI D)naOons, 109JcIÉs, grarts 189,590 B2,436 ?72,028 276,170 2.371 9,P25 t￿rtr￿l￿O sc 62,V• 54.344 IDvEXtFrtsit• 10,237 JA15 I3￿5? 16.JaY TOTAL LficoME 201 •40 asi 4•9 •s• •J• EXPeNDrnMe r5fJblE Bctbblt1ei 21,7fjQ 21,700 721 Olh•r axp*n¢ii¥ry 176,085 lJ4,04Q 41S,037 318,097 TOTAL Ixpei•DITUIt IOIT 114CONIIIEXPINDITUItI) (3J.i••i (Jl.0•41 12•,497? f8&X9P) J7,Bl II•T wfi*iiLoaxai ON IIIVISTNINT> Otrh•rflx￿ 8,557 8,557 IIÈT INfQMEI{EXPENDITUAE) AvreR NIT ••LIIISIILOBSIII QN 114¥tST1411 lJ3,19Jl 131,604) 111.9401 {75,7421 24.L3a TRANspeft# itTWÈtN puriD g,D92 NET XOVEMtiniN PUIID 142,39DI 131.104) (2.8451 24.L3 RestRVES •ROUfjWT FORW￿￿ AT I JANUARY 1033 79,024 48.004 484.481 587.4Jl ÉseRVII CARAIeD PO*WAMD AT JI 30 Nrt¢.' kn In•￿110f wlgrwr nwres 4mtrJDtS 41o¢x•d tts unrtstrktqd, diilqffl•tsd •nd r•itnrt•d Iitout In 16. ThE PAROUIIAL CNURCM COUNCIL OF THe CCLESIAMCAL PARISM OF LEATMERNtAD Rwl•tRredchir*ynurntsryr 1132107 ALANCE SMEET Al al JI Decem￿r ￿25 Unvert￿Clo0 De*ighOted Ileltrlcled Fund Totsl io Tot•1 1022 Ngtq• PIXED FIxEd Jsset inve5tm•its InveyLment propertv Qth*r Invrtrrent 4wts 375,000 94,438 375.D 94,438 375,000 86.317 46•.43• 461 317 ¢URItEMT AS•ET9 stock Debtor ShQrt tem depojit l ts•nk In ￿nd L4,90Q 14,900 10,513 119,645 76.916 19.876 172,031 ZO,513 41,583 51,9L4 26,048 Zd,04• 155.05• LIAblLmeS: AMOUIIT$ FALLIF•G DU• WXTHIM 014e YEAR 30,081 9,581 39.669 2&.S72 TIET UIARENT MieTJ 36,734 16,460 62,J9S 115,390 240,252 iIABfLITIES: AMOUIITS VALLING OVE AFfeR IIOAE THAN ONE YEAR 50.oofl 50.000 90.000 611 5•9 INCOMe PUN General unre5tr1¢ted funrti De￿gnIted unreglrfcted lundi Rqstrltted Incorne fvndB J6,734 36,7J4 J6,460 481,633 7S,024 48.064 484.481 16,400 io&ii 48L,633.L 481 033 SJ4 817 The notu on piges 14 to 20 farm pgrt ¥f th•s• nn•n¢i41 il11qmw￿. Approved by the Trusteeg ol the Pirrfh￿l thurth Councll on 191h Febyuory 2024 •nd glgnEd It'j behalf by-. R¢v Vllll Pérry R*ItOr (131 Tht PAROCMIAL CHUftCH COiINCIL DFThe ECCLESZASTICAL PARISH OF LeATMe#MEA NOTESTO THE FINANUAL STATEMEFITS lorth• y•ar •nd•d 31 D•c*mb•F IiIIJ ACCO￿￿t￿l Polld ThÈ thn•ncial sEate￿entS havi In 4ctord4nt• Atcounung bnd Reptsrtlhg by ChiritSei.' Ststemont ol AecDmmqnd•d Prnctk• awlirable tro thDrtlks PFepadfi9 thdr or(wnts ITh attordontè the Flnancièl Rtwrtlng sfafjthrd 4ppllc*lt In tht UK ond ftepubllcaf rdand IPk5 102115¢￿￿d Ealtionl'aDd Financlal KÈportln4 5t8ndard èppikèbk In thE Unlted Klngdorn ond RewNlc oFlrplaThd IFRS 102) nd the C￿lItIes Act 301 L 4nd UK Gen?rilly Accepted Praitk8 applie6 from i Jonuiry 2015. Th nn4nGiil stat•m•Thts h•vt bvED tD wve •'tru• Dnd f•irf view Dnd ￿v• deprtqd frorn th• IhttoJn¢J Worts) REgulotlDni 2fM18 only to the exteni re•￿Ired tu prDyldE 4.true lalr vle¥Y'. Thlstteparture has lfflvolvtd lollDwlng'Ac¢ountbno and by C*•rt￿4•'. Statement ef k•coTnmetthd Pt•(￿te appllco￿e tD thlrftiei weponnq their 4ccDunts In ¥ccordafic# wlth the Flnvffttlil REWrtlng 5triDdard opklliablp In an4 A*p￿blIC of Ir¢i*nd IFRS 1021 ISKLWd EdlUopl'r•Ehqr ihan the fvxcountlng and Riporting charti￿.. ststement ul RE£ummended Prottict elftcbvÉ trom l Aprtl 2Q05 hassin¢e been Wlthdrown. b) D•nNiioM ¥b•d In thlv •Fctloni 'vA" mtans thE 514tthmEnl dFin4nd41 AlfDirs l Flnaffld•l SLiiemonLI "PCC" thi P•rothl•l Chufth C•undl fjl the Ec(les￿$￿£èI of Leathtrhi•d ¢) In¢•Mlfig knvoUrt•• ReCogn￿on ￿1￿COrn• Thde lffltluded In the SUFA when LhE FCC bECOrnqS to the rHa￿l(l* thid th• PCC ¥l•w the rtEelPt Ihq •nd tho mOnqt4ry vilui bE ry￿sured w41th iumclqnt Jncome wlth ixp•nthtur* Incomlno r•soufcM •e• o•vfi•J tm pr¢p•th of lh* pcc h•¥* qxwndttur•141 wlih tufjd or c¢lltfDtt Incumyl thi fe$tsur¢es rei•teJ expendllurt. unlts* othirY41se 51oC?d. aTe •4ch r•pDrtÈd 9rDM In thé So&A. Y4h*ro th•rn li J ttow throtsgh ( e,9. lunds irq r•lLed lor • ihlrd party 4ffld thqn lully wld out to that thlrd wrty, n•lthertn¢ Inwm¢ Iwhl¢h li Dot th¢ pr¢portY ol tho PCCI llDr th• qxwndltur• ire r•ne￿¢d In Ih SOFA. Gf4Thtb GrJr*S dvnotlony4r• wlthln thi SOPA when the PCC hJ6 un(•ndlthon •TrtIUeMtrt to such rebuurcel. L•p•il*v Ire reco9ni*ed whqn th• PCC 51 Tru￿nId rfltx Wl •llVi*m•il Irllowlng 9r•n¢ ol prob•t• •n¢ li notyfied DI th¢ arnouni due •no tne I￿Ue￿￿t thte. IDcornlry ruourcu frnm Lix ar• hiclud•d the SOPI •t th• al thvgsftto hich Ihty rql•ti. Inve&tment Incom• InY••lmont Income Is Sndud•o In thg fln•n¢1411t•tornonts ¥th•Th rt5t5 hBYE bEED qllocated to 4ttlviTleJdlrÈctly relating ID work ol the thurch. •) In¥1r¥n￿nts FCC Only has finar*iai èSSets and IlatrA¥tIqs Dr a klnd th4t9uallfy x b4slc lffl&trum•Trts. 8aJit finanuol instruments are ivllially recognis2d at tr1nsDct￿n 4ffld subJeouÈntly m￿J￿red sei¥¢Ment valut. {x4? THE PARocHfAL CHURCH COUNCIL OF THE IC¢Le￿A$1icAL PARISH OF LEAThtRHEAD ritybJt•r•O chthrlty wrnbqr 1132•07 NOTES TO THE FINANCIAL STATEMENTS lor th• vejr ended 31 DqcembEr 2023 FrEehold land and Thos¢ progertles ire valued based upon the latest waluatlon avallabl• to the PCC. T?nqible Nxed Bsset$ ThÉse are tapitèllstd If they can be used lor more than one year and ¢ost at least £1,000. They ore valued tor use by rhe PCC at costr or, Ir 9lfted, at rhe volue to rhe PCC on rec*lpt. Investrnents Invt5tmÉntS 4UDted on a rteognssed stock exchangè or Invejtrnent funds are vèlued at maertet value 31 the end of the year. Stoc These •re valued ai the lower of toit or m•rket value. g) a•n•r•l UnTe•trlcted fvn4• repre￿￿t the Income lunds of the PCC that are avallable fur spendln9 on the otnerzl purposes of the PCC. D••lgn•i•d unr••trlcE•d lund• represent funds earmarked by PCC fDr spedflc purp05e¥. Desl9nated FuDd5 are stlll legally unYe8tntted and can be"unde51gnlltsd' by the PCC 4nd used for other purposES at any rne,. In the 2022 acc¢yJfjts they represent the'st¥rr-up' funds rnclved from the Church Revlta115Jtlon Trust. R•Atrlcl•d Incom• are IncDm2 funds that must be SPEnt on restrtcted PUryOBei. Oetalls ol Restritted Funds •rq shcwn In noles 10 ar*d Il., h) Golng COn￿M The trustees consider that there •re no mDtcrfal un￿rtaIntle% èbout the Church's abSllty to contSTrue as è 901ng concem, tt)us thE PCC contlnue5 to adopt the galThg concern baslA Dr JCCQuntlng In weparlng the financlal stètemenb. JTAFF COST• 2013 1022 54larfe5 Soclal Securtly costs Pen51on costs 58,277 4,340 1.866 47.024 At IhE end of 2023. there w•r• 2 lull time artd 4 part tlme employees 12022.. 4 pJrt-tlmel. No Trustees were r*munerated in the year lor thelr role5 as TrustÈès. No ernplvyees recelved total employee benerit of more than £60,000 In elthEr 2023or Z022 ReLATEO PARTY THA11$A￿￿oN% There were Tho other reported related party rronMctlon5 In the year. GRANTS AIID I>ONATIOIIS 2023 2022 UK l)¥•rnea• The followino ornnts / donaty￿s were made tD tharftles durfng the year: VnrestArted'. Already glven Dut.. To bE d15tributed from 2023 fund5 6.250 15,510 721 721 {Isi THE PAFiOCMIAL CHURCH eoiir4tlL OFThE ECCLESIASIICAL PARISH QF LEATHeRHEAD R•gl*qrqd XlJ2007 PIOTES TO ThE FINANCIAL 5TATEME14T6 Iyr ¥•ar*n4wl 31 OK•mb•r 2OJ3 INCOMI A14D 114DOWMINTS UrnstrfGt•d A••trfded Fund FundA TotJl 2D23 2022 anned glvlng- Glft Inthime rocov¢rJble on Gllt Other planned giving NOD covenonted collecuons (open pLitel at all i•￿¢•$ Sundry donauons IndudlTrg glft a￿] Logac1t￿ Grants 110.478 29,205 IS,995 5,319 IZ,Z62 16,333 1.000 111.478 29.205 15,995 5,319 12,262 98.769 J20,077 16,2]? 18,Z34 4,696 544 2,436 119 590 273 11211 Sb Ch•rlt•bl• •ctlvlti Fund raislng events Z,371 2,371 9,725 5¢ Othqr trndlng •(YvTtkn¥ MagwzlrFe6 Church Hall lettlngs etc. Rent and related udl*y costs Al 54lnts Mall . Youth Prgjert Fett.. 40.Q89 40.089 32,600 12.500 2.701 7,L58 12.500 2,701 7,158 12,500 5.576 3,668 Wtddlngs Fun*r4lX oth sd Invutm•nts (Jlvidends ènd 5nt•r•st Includlng •ny rKl•irn•d t•x Woodbrtdlle r*Trt•l Icc*Tri•- n•t al fo41 2.175 8,062 3,415 5,590 8,061 2,869 13,520 TOTAL INCOME AND EIIOOWF41NT• 204 04 JSI 4•• (18) THE PARIXHIAL CHURCH COUNCIL OF THE ICCLESIASTICAL PARISH OP LEATHIFIMQAD q•kt•Md 1132007 NOTES TO TMI F114AIICIAL sf&TEMENr¥ for th• y••r qnd•d 31 O•c•rnb•r 2023 EXPENDrnIRE Thr•￿1<1•￿ D•¥l9n•t•d Tot•1 202J Pund 2021 •• Chaviiabl• •rtlvltl Mlsslonary and charitable qlvlng church averseas INDte 41 atne mi5￿0￿10ther church 50detles (Not• 41 TrDlnlng grDnts and books 21.760 21,760 721 721 db Oth•r ax￿￿dIlur• Mlnlsrry.. 86.724 4.063 4,326 4.518 86,724 4,ll63 4,326 4,5L8 Z4,557 2,173 26,944 16,853 114,295 87,4S4 3,79D Clergy expei$es IRertotl SlJlLbtory services Other co ?,S59 26,551 276 15,540 Chlldren'5 Church Dlocese fee5 Rvnnlng. rvp•lr •nd m•lni•n•ng• •¥p•nM• Courjes Churth revlt&lK%ollon Magbzlne )no )Wk¥t•V Saiariw$ and hongr•rf• Upkeep of churchyard Upkeep of %epviceg WoodbiSd9E pfopErty malntEn4nce rep•irs Support costs lor the Church (Note 141 24.657 2.173 2&,944 16.853 Churth.. 114,040 255 117,196 General.. 42,Lé8 42,tSG 18.L35 9,556 2,531 1,935 32,471 8.771 2,246 66,190 8,771 2,246 6S,190 170 01 41• OJ7 J1• 097 C•Jt* ol r•lslny 4ventJ TOTAL EXPE14DITURE 430 7•7 31¥ 41111 (17) THE PAROCtrl￿L CHUA¢H ¢DUNCIL OV TME ECCLESIASTICAL PARISM OV L¢ATHeAMeA R•¥*knd nurnb•r *lJ201? NOTESTO THE PIIIAMCIAL STATEMENTS forth• v•Jp•nOed )1 D•e•th￿r 202J XXeD A55ET IIIVESTME14TS 114VEST•lellT PIIOPERTY Addltk)n•l Bal•n￿ •1 {DlJpoMl•)l Depr•cbDtlo ch•ry• Ifiv￿tffl•nt prowrty- Fr••hDld lintt and eA)llk Vakn•- •r y1￿￿•tIOn tsEprecl•tkn 375,OOD 375.000 l Bgok V•lue 375 The freehtsld land •nd bu1￿1￿95 cornpmie the Curète's hwse ioc*ed Jt S? WQQdtsMdge AvenuE. The latelt v•luoUun af Ihw property qirriq¢ our Infomslly by Potrfck GarthEr AESldeDtlal v•lulng 52 Wvodbrldge Avenue al £375,000 Is ot 31st Ottembqr 20?0. OTHER Ill￿STM￿lIT1 2023 4,L77 unlt5 12011- 4,1771 of CBF In¥•Jtment Fund Incomt SharM- v•lu• Ir•.. Popl•r Rv•d) 94,438 96,Jl7 Di•TOn• UTrr•rtrfd•d ￿On•t•d Rutrfrt•d Pund• nd Totsl 2011 othor dtbtvrs •nd prI￿Y￿ents Accrued Incorne 1,954 L2.930 1,964 12,936 64,987 Jl,929 LIABILrrLE•I ￿oll14T* PALLIN4 Due Wrnllll OME YÉAA Unvq•trl(￿d D••lw•t•d A••irbLts4 Pund• P¥nd• T•tbl Tvtsl Z021 Accr￿1 Othercredlto 27,464 2.617 9,588 37,OS2 2,617 6,404 >2.169 LIABILTfIES: Apiouiirs FALU14fj Due AP7eA MORÉ TMAII ONE YEAR Tot¥1 2023 Totsl 11112 Fund* Fuh FuMd# other ryldltors 50.fM)O so.000 .000 7019 the Church recelevd a loan an un5ECUtEd. interest free basls, loan 15 to be Settled the recelpt of future Inc¢rne whlch 1$ In th• next few YeJr5 affl4 15 rnor• than suMclEht to covorthq rapayment loin, Dunng 2020, an •mount of £40,QDO wa5 a9reed tD be to the maklng hlsiory projett rrorn the pwlar road lund. In 2023, thÈ p￿ dttlded ￿3t In the Ilght dtMÈ txpanoing actlviUe5 in thE YouthlChlldrefi'5 ares. thls loJn should be repaid and the aicuunt5 now reflect thls. {18J THE PAROCtyIIAL CHURCH COUNCIL Of TIIE fCCLE5JA5TICAL PlhR15H OF LEAThERHEAD NOTE5 TO THE FIFIANUAL STATEPIENT$ for th• yuv •Thd•d 31 202> IJ 2021 ID RESTRIcfED IIICOMP FU14D$ Th* R•itActod Incorn• F¥nd•RvlgTr•t•d Inds R••trlrt•¢ Tot•1 2023 rgtsl 2D2X FiKed A55ets Investments tur￿nt Assets 375,OOQ 94,438 62,196 375,000 94.438 155.OS& 13Y.6691 (SO,￿0) 375.000 66.3L7 268.824 66,814 130,0811 26,04# (9,5881 Lwg LiabilitKS 150,0001 {90,OODI 481 (15) TIIE PAROCNIAL CHURCH COUNCLL OF THE ECCLESfASTIUL PARISH OF LEAnlERNEAD IXJ21Q7 NOTESTO TIIE FINANCIAL STATEMENni r tho 31 tsEcemty•r 2013 13 IURTNER DeTALLS OF aRANTS AND L>DNATIONS MADE PAOM eoTH RESTRICTeD AIID U14KQSTAXCTED FUNDS 1023 ux 2012 UK Ov•rMa* Bklhop Of Gulldford's appeav Dpthi doors Epx>m & Ewell Foudbank 985 S3L 14D 50 1,453 569 1.295 500 1,448 Leatherhead Youth thlect The Needno Room Noie.. mDrnI￿ from Xmis col*tkn wlll be pald In 2024 ?21 14 IU•PORT ¢osrs FOR THE CHURCH Vhr**krlct￿ O••l•natsd Il•*irlEt•d Z013 2022 ur¢h Hall runnmg cojts Ilncludlng $Dlarfesl PrlTrUng ind ithtlonery, post elc. 8•n* Total 2022 Vundl Fund P¥n¥• INCOME AWD etlOOWMENYI D)naOons, 109JcIÉs, grarts 189,590 B2,436 ?72,028 276,170 2.371 9,P25 t￿rtr￿l￿O sc 62,V• 54.344 IDvEXtFrtsit• 10,237 JA15 I3￿5? 16.JaY TOTAL LficoME 201 •40 asi 4•9 •s• •J• EXPeNDrnMe r5fJblE Bctbblt1ei 21,7fjQ 21,700 721 Olh•r axp*n¢ii¥ry 176,085 lJ4,04Q 41S,037 318,097 TOTAL Ixpei•DITUIt IOIT 114CONIIIEXPINDITUItI) (3J.i••i (Jl.0•41 12•,497? f8&X9P) J7,Bl II•T wfi*iiLoaxai ON IIIVISTNINT> Otrh•rflx￿ 8,557 8,557 IIÈT INfQMEI{EXPENDITUAE) AvreR NIT ••LIIISIILOBSIII QN 114¥tST1411 lJ3,19Jl 131,604) 111.9401 {75,7421 24.L3a TRANspeft# itTWÈtN puriD g,D92 NET XOVEMtiniN PUIID 142,39DI 131.104) (2.8451 24.L3 RestRVES •ROUfjWT FORW￿￿ AT I JANUARY 1033 79,024 48.004 484.481 587.4Jl ÉseRVII CARAIeD PO*WAMD AT JI 30 Nrt¢.' kn In•￿110f wlgrwr nwres 4mtrJDtS 41o¢x•d tts unrtstrktqd, diilqffl•tsd •nd r•itnrt•d Iitout In 16. ThE PAROUIIAL CNURCM COUNCIL OF THe CCLESIAMCAL PARISM OF LEATMERNtAD Rwl•tRredchir*ynurntsryr 1132107 ALANCE SMEET Al al JI Decem￿r ￿25 Unvert￿Clo0 De*ighOted Ileltrlcled Fund Totsl io Tot•1 1022 Ngtq• PIXED FIxEd Jsset inve5tm•its InveyLment propertv Qth*r Invrtrrent 4wts 375,000 94,438 375.D 94,438 375,000 86.317 46•.43• 461 317 ¢URItEMT AS•ET9 stock Debtor ShQrt tem depojit l ts•nk In ￿nd L4,90Q 14,900 10,513 119,645 76.916 19.876 172,031 ZO,513 41,583 51,9L4 26,048 Zd,04• 155.05• LIAblLmeS: AMOUIIT$ FALLIF•G DU• WXTHIM 014e YEAR 30,081 9,581 39.669 2&.S72 TIET UIARENT MieTJ 36,734 16,460 62,J9S 115,390 240,252 iIABfLITIES: AMOUIITS VALLING OVE AFfeR IIOAE THAN ONE YEAR 50.oofl 50.000 90.000 611 5•9 INCOMe PUN General unre5tr1¢ted funrti De￿gnIted unreglrfcted lundi Rqstrltted Incorne fvndB J6,734 36,7J4 J6,460 481,633 7S,024 48.064 484.481 16,400 io&ii 48L,633.L 481 033 SJ4 817 The notu on piges 14 to 20 farm pgrt ¥f th•s• nn•n¢i41 il11qmw￿. Approved by the Trusteeg ol the Pirrfh￿l thurth Councll on 191h Febyuory 2024 •nd glgnEd It'j behalf by-. R¢v Vllll Pérry R*ItOr (131 Tht PAROCMIAL CHUftCH COiINCIL DFThe ECCLESZASTICAL PARISH OF LeATMe#MEA NOTESTO THE FINANUAL STATEMEFITS lorth• y•ar •nd•d 31 D•c*mb•F IiIIJ ACCO￿￿t￿l Polld ThÈ thn•ncial sEate￿entS havi In 4ctord4nt• Atcounung bnd Reptsrtlhg by ChiritSei.' Ststemont ol AecDmmqnd•d Prnctk• awlirable tro thDrtlks PFepadfi9 thdr or(wnts ITh attordontè the Flnancièl Rtwrtlng sfafjthrd 4ppllc*lt In tht UK ond ftepubllcaf rdand IPk5 102115¢￿￿d Ealtionl'aDd Financlal KÈportln4 5t8ndard èppikèbk In thE Unlted Klngdorn ond RewNlc oFlrplaThd IFRS 102) nd the C￿lItIes Act 301 L 4nd UK Gen?rilly Accepted Praitk8 applie6 from i Jonuiry 2015. Th nn4nGiil stat•m•Thts h•vt bvED tD wve •'tru• Dnd f•irf view Dnd ￿v• deprtqd frorn th• IhttoJn¢J Worts) REgulotlDni 2fM18 only to the exteni re•￿Ired tu prDyldE 4.true lalr vle¥Y'. Thlstteparture has lfflvolvtd lollDwlng'Ac¢ountbno and by C*•rt￿4•'. Statement ef k•coTnmetthd Pt•(￿te appllco￿e tD thlrftiei weponnq their 4ccDunts In ¥ccordafic# wlth the Flnvffttlil REWrtlng 5triDdard opklliablp In an4 A*p￿blIC of Ir¢i*nd IFRS 1021 ISKLWd EdlUopl'r•Ehqr ihan the fvxcountlng and Riporting charti￿.. ststement ul RE£ummended Prottict elftcbvÉ trom l Aprtl 2Q05 hassin¢e been Wlthdrown. b) D•nNiioM ¥b•d In thlv •Fctloni 'vA" mtans thE 514tthmEnl dFin4nd41 AlfDirs l Flnaffld•l SLiiemonLI "PCC" thi P•rothl•l Chufth C•undl fjl the Ec(les￿$￿£èI of Leathtrhi•d ¢) In¢•Mlfig knvoUrt•• ReCogn￿on ￿1￿COrn• Thde lffltluded In the SUFA when LhE FCC bECOrnqS to the rHa￿l(l* thid th• PCC ¥l•w the rtEelPt Ihq •nd tho mOnqt4ry vilui bE ry￿sured w41th iumclqnt Jncome wlth ixp•nthtur* Incomlno r•soufcM •e• o•vfi•J tm pr¢p•th of lh* pcc h•¥* qxwndttur•141 wlih tufjd or c¢lltfDtt Incumyl thi fe$tsur¢es rei•teJ expendllurt. unlts* othirY41se 51oC?d. aTe •4ch r•pDrtÈd 9rDM In thé So&A. Y4h*ro th•rn li J ttow throtsgh ( e,9. lunds irq r•lLed lor • ihlrd party 4ffld thqn lully wld out to that thlrd wrty, n•lthertn¢ Inwm¢ Iwhl¢h li Dot th¢ pr¢portY ol tho PCCI llDr th• qxwndltur• ire r•ne￿¢d In Ih SOFA. Gf4Thtb GrJr*S dvnotlony4r• wlthln thi SOPA when the PCC hJ6 un(•ndlthon •TrtIUeMtrt to such rebuurcel. L•p•il*v Ire reco9ni*ed whqn th• PCC 51 Tru￿nId rfltx Wl •llVi*m•il Irllowlng 9r•n¢ ol prob•t• •n¢ li notyfied DI th¢ arnouni due •no tne I￿Ue￿￿t thte. IDcornlry ruourcu frnm Lix ar• hiclud•d the SOPI •t th• al thvgsftto hich Ihty rql•ti. Inve&tment Incom• InY••lmont Income Is Sndud•o In thg fln•n¢1411t•tornonts ¥th•Th rt5t5 hBYE bEED qllocated to 4ttlviTleJdlrÈctly relating ID work ol the thurch. •) In¥1r¥n￿nts FCC Only has finar*iai èSSets and IlatrA¥tIqs Dr a klnd th4t9uallfy x b4slc lffl&trum•Trts. 8aJit finanuol instruments are ivllially recognis2d at tr1nsDct￿n 4ffld subJeouÈntly m￿J￿red sei¥¢Ment valut. {x4? THE PARocHfAL CHURCH COUNCIL OF THE IC¢Le￿A$1icAL PARISH OF LEAThtRHEAD ritybJt•r•O chthrlty wrnbqr 1132•07 NOTES TO THE FINANCIAL STATEMENTS lor th• vejr ended 31 DqcembEr 2023 FrEehold land and Thos¢ progertles ire valued based upon the latest waluatlon avallabl• to the PCC. T?nqible Nxed Bsset$ ThÉse are tapitèllstd If they can be used lor more than one year and ¢ost at least £1,000. They ore valued tor use by rhe PCC at costr or, Ir 9lfted, at rhe volue to rhe PCC on rec*lpt. Investrnents Invt5tmÉntS 4UDted on a rteognssed stock exchangè or Invejtrnent funds are vèlued at maertet value 31 the end of the year. Stoc These •re valued ai the lower of toit or m•rket value. g) a•n•r•l UnTe•trlcted fvn4• repre￿￿t the Income lunds of the PCC that are avallable fur spendln9 on the otnerzl purposes of the PCC. D••lgn•i•d unr••trlcE•d lund• represent funds earmarked by PCC fDr spedflc purp05e¥. Desl9nated FuDd5 are stlll legally unYe8tntted and can be"unde51gnlltsd' by the PCC 4nd used for other purposES at any rne,. In the 2022 acc¢yJfjts they represent the'st¥rr-up' funds rnclved from the Church Revlta115Jtlon Trust. R•Atrlcl•d Incom• are IncDm2 funds that must be SPEnt on restrtcted PUryOBei. Oetalls ol Restritted Funds •rq shcwn In noles 10 ar*d Il., h) Golng COn￿M The trustees consider that there •re no mDtcrfal un￿rtaIntle% èbout the Church's abSllty to contSTrue as è 901ng concem, tt)us thE PCC contlnue5 to adopt the galThg concern baslA Dr JCCQuntlng In weparlng the financlal stètemenb. JTAFF COST• 2013 1022 54larfe5 Soclal Securtly costs Pen51on costs 58,277 4,340 1.866 47.024 At IhE end of 2023. there w•r• 2 lull time artd 4 part tlme employees 12022.. 4 pJrt-tlmel. No Trustees were r*munerated in the year lor thelr role5 as TrustÈès. No ernplvyees recelved total employee benerit of more than £60,000 In elthEr 2023or Z022 ReLATEO PARTY THA11$A￿￿oN% There were Tho other reported related party rronMctlon5 In the year. GRANTS AIID I>ONATIOIIS 2023 2022 UK l)¥•rnea• The followino ornnts / donaty￿s were made tD tharftles durfng the year: VnrestArted'. Already glven Dut.. To bE d15tributed from 2023 fund5 6.250 15,510 721 721 {Isi THE PAFiOCMIAL CHURCH eoiir4tlL OFThE ECCLESIASIICAL PARISH QF LEATHeRHEAD R•gl*qrqd XlJ2007 PIOTES TO ThE FINANCIAL 5TATEME14T6 Iyr ¥•ar*n4wl 31 OK•mb•r 2OJ3 INCOMI A14D 114DOWMINTS UrnstrfGt•d A••trfded Fund FundA TotJl 2D23 2022 anned glvlng- Glft Inthime rocov¢rJble on Gllt Other planned giving NOD covenonted collecuons (open pLitel at all i•￿¢•$ Sundry donauons IndudlTrg glft a￿] Logac1t￿ Grants 110.478 29,205 IS,995 5,319 IZ,Z62 16,333 1.000 111.478 29.205 15,995 5,319 12,262 98.769 J20,077 16,2]? 18,Z34 4,696 544 2,436 119 590 273 11211 Sb Ch•rlt•bl• •ctlvlti Fund raislng events Z,371 2,371 9,725 5¢ Othqr trndlng •(YvTtkn¥ MagwzlrFe6 Church Hall lettlngs etc. Rent and related udl*y costs Al 54lnts Mall . Youth Prgjert Fett.. 40.Q89 40.089 32,600 12.500 2.701 7,L58 12.500 2,701 7,158 12,500 5.576 3,668 Wtddlngs Fun*r4lX oth sd Invutm•nts (Jlvidends ènd 5nt•r•st Includlng •ny rKl•irn•d t•x Woodbrtdlle r*Trt•l Icc*Tri•- n•t al fo41 2.175 8,062 3,415 5,590 8,061 2,869 13,520 TOTAL INCOME AND EIIOOWF41NT• 204 04 JSI 4•• (18) THE PARIXHIAL CHURCH COUNCIL OF THE ICCLESIASTICAL PARISH OP LEATHIFIMQAD q•kt•Md 1132007 NOTES TO TMI F114AIICIAL sf&TEMENr¥ for th• y••r qnd•d 31 O•c•rnb•r 2023 EXPENDrnIRE Thr•￿1<1•￿ D•¥l9n•t•d Tot•1 202J Pund 2021 •• Chaviiabl• •rtlvltl Mlsslonary and charitable qlvlng church averseas INDte 41 atne mi5￿0￿10ther church 50detles (Not• 41 TrDlnlng grDnts and books 21.760 21,760 721 721 db Oth•r ax￿￿dIlur• Mlnlsrry.. 86.724 4.063 4,326 4.518 86,724 4,ll63 4,326 4,5L8 Z4,557 2,173 26,944 16,853 114,295 87,4S4 3,79D Clergy expei$es IRertotl SlJlLbtory services Other co ?,S59 26,551 276 15,540 Chlldren'5 Church Dlocese fee5 Rvnnlng. rvp•lr •nd m•lni•n•ng• •¥p•nM• Courjes Churth revlt&lK%ollon Magbzlne )no )Wk¥t•V Saiariw$ and hongr•rf• Upkeep of churchyard Upkeep of %epviceg WoodbiSd9E pfopErty malntEn4nce rep•irs Support costs lor the Church (Note 141 24.657 2.173 2&,944 16.853 Churth.. 114,040 255 117,196 General.. 42,Lé8 42,tSG 18.L35 9,556 2,531 1,935 32,471 8.771 2,246 66,190 8,771 2,246 6S,190 170 01 41• OJ7 J1• 097 C•Jt* ol r•lslny 4ventJ TOTAL EXPE14DITURE 430 7•7 31¥ 41111 (17) THE PAROCtrl￿L CHUA¢H ¢DUNCIL OV TME ECCLESIASTICAL PARISM OV L¢ATHeAMeA R•¥*knd nurnb•r *lJ201? NOTESTO THE PIIIAMCIAL STATEMENTS forth• v•Jp•nOed )1 D•e•th￿r 202J XXeD A55ET IIIVESTME14TS 114VEST•lellT PIIOPERTY Addltk)n•l Bal•n￿ •1 {DlJpoMl•)l Depr•cbDtlo ch•ry• Ifiv￿tffl•nt prowrty- Fr••hDld lintt and eA)llk Vakn•- •r y1￿￿•tIOn tsEprecl•tkn 375,OOD 375.000 l Bgok V•lue 375 The freehtsld land •nd bu1￿1￿95 cornpmie the Curète's hwse ioc*ed Jt S? WQQdtsMdge AvenuE. The latelt v•luoUun af Ihw property qirriq¢ our Infomslly by Potrfck GarthEr AESldeDtlal v•lulng 52 Wvodbrldge Avenue al £375,000 Is ot 31st Ottembqr 20?0. OTHER Ill￿STM￿lIT1 2023 4,L77 unlt5 12011- 4,1771 of CBF In¥•Jtment Fund Incomt SharM- v•lu• Ir•.. Popl•r Rv•d) 94,438 96,Jl7 Di•TOn• UTrr•rtrfd•d ￿On•t•d Rutrfrt•d Pund• nd Totsl 2011 othor dtbtvrs •nd prI￿Y￿ents Accrued Incorne 1,954 L2.930 1,964 12,936 64,987 Jl,929 LIABILrrLE•I ￿oll14T* PALLIN4 Due Wrnllll OME YÉAA Unvq•trl(￿d D••lw•t•d A••irbLts4 Pund• P¥nd• T•tbl Tvtsl Z021 Accr￿1 Othercredlto 27,464 2.617 9,588 37,OS2 2,617 6,404 >2.169 LIABILTfIES: Apiouiirs FALU14fj Due AP7eA MORÉ TMAII ONE YEAR Tot¥1 2023 Totsl 11112 Fund* Fuh FuMd# other ryldltors 50.fM)O so.000 .000 7019 the Church recelevd a loan an un5ECUtEd. interest free basls, loan 15 to be Settled the recelpt of future Inc¢rne whlch 1$ In th• next few YeJr5 affl4 15 rnor• than suMclEht to covorthq rapayment loin, Dunng 2020, an •mount of £40,QDO wa5 a9reed tD be to the maklng hlsiory projett rrorn the pwlar road lund. In 2023, thÈ p￿ dttlded ￿3t In the Ilght dtMÈ txpanoing actlviUe5 in thE YouthlChlldrefi'5 ares. thls loJn should be repaid and the aicuunt5 now reflect thls. {18J THE PAROCtyIIAL CHURCH COUNCIL Of TIIE fCCLE5JA5TICAL PlhR15H OF LEAThERHEAD NOTE5 TO THE FIFIANUAL STATEPIENT$ for th• yuv •Thd•d 31 202> IJ 2021 ID RESTRIcfED IIICOMP FU14D$ Th* R•itActod Incorn• F¥nd•RvlgTr•t•d Inds R••trlrt•¢ Tot•1 2023 rgtsl 2D2X FiKed A55ets Investments tur￿nt Assets 375,OOQ 94,438 62,196 375,000 94.438 155.OS& 13Y.6691 (SO,￿0) 375.000 66.3L7 268.824 66,814 130,0811 26,04# (9,5881 Lwg LiabilitKS 150,0001 {90,OODI 481 (15) TIIE PAROCNIAL CHURCH COUNCLL OF THE ECCLESfASTIUL PARISH OF LEAnlERNEAD IXJ21Q7 NOTESTO TIIE FINANCIAL STATEMENni r tho 31 tsEcemty•r 2013 13 IURTNER DeTALLS OF aRANTS AND L>DNATIONS MADE PAOM eoTH RESTRICTeD AIID U14KQSTAXCTED FUNDS 1023 ux 2012 UK Ov•rMa* Bklhop Of Gulldford's appeav Dpthi doors Epx>m & Ewell Foudbank 985 S3L 14D 50 1,453 569 1.295 500 1,448 Leatherhead Youth thlect The Needno Room Noie.. mDrnI￿ from Xmis col*tkn wlll be pald In 2024 ?21 14 IU•PORT ¢osrs FOR THE CHURCH Vhr**krlct￿ O••l•natsd Il•*irlEt•d Z013 2022 ur¢h Hall runnmg cojts Ilncludlng $Dlarfesl PrlTrUng ind ithtlonery, post elc. 8•n*