REGISTERED CHARITY NUMBER: 1133241 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR ST GEORGETHE MARTYR, WASH COMMON Cooper Parry Advisory Limited First Floor, Davidson House Forbury Square Reading Berkshire RG1 3EU
ST GEORGE THE MARTYR, WASH COMMON coNTErS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Report of the Trustees Independent Examiner's Report Statement of Flnancial Activities Balance Sheet Notes to the Financial Statements 8 to 15 Detailed Statement of Financial Activities 16
ST GEORGE THE MARTYR, WASH COMMON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Report of the Proceedings of the PCC St George's Church is a constituent part of the Benefice of South Newbury Benefice of St George, St John and St Michael, Newbury in the Newbury Deanery of the Diocese of Oxford within the Church of England. The correspondence address is St George's Church, 206 Andover Road, Wash Common, Newbury, RG14 6NU. The Parochial Church Council (PCCI is a charity (number 11332411 registered wth the Charity Commission. St George's Vision Statement At St George's Church we are called by God and inspired by Jesus to encourage and equip one another lo grow in faith and love, serving the community of Wash Common, reaching out to all people, especially those in need. and being good and faithful stewards of our gifts and the world's resources. Responsibilities and Purposes The PCC has the responsibility of co-operating with the incumbent, in promoting the whole mission of the Church, pastoral, evangelistic, social and ecumenical. As the parish church of Wash Common, we have a special responsibility lo be active in supporting and encouraging the community life of the parish, helpi ng those in need and offering pastoral services. The PCC has overall responsibility for the church, St George's Centre and St Luke's Chapel situated on the same land. Safeguarding, Health and Safety and GDPR compliance are key responsibilities of the PCC. PCC Membership Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting IAPCM} in accordance with the Church Representation Rules. During the year the following seNed as members of the PCC.. Incumbent Benefice Associate Vicar Benefice Curate Associate Priest Revd Becky Bevan Revd Gary Collins Revd Leanne Fowler {from June 20241 Revd Terry Winrow Ilo end September 20241 Wardens John Huckle Linda Ling Representatives on the Deanery Synod Ronnie Herd Kathy Winrow Sarah Pook Elected members Robin Clugston Sarah Pook (Standing Committee) John Bolan {Standing Committee) Chris Foster Emma Moffatt Jon Houghton Robert Whiting Co-opted Revd Rita Ball Safeguarding Officer Alison Gill Secretary Henrietta High Treasurer Francis Clayton Page 1
ST GEORGE THE MARTYR, WASH COMMON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Philip Read served as Deanery Synod Representative and PCC member until prevented by illness in January 2024. He sadly died a few months later. We remember Philip as a dedicated and gifted member of the PCC and Synod who also seNed as Deanery treasurer for many years. Organisational Structure Working with the incumbent, the PCC is the elected leadership team of the Church ensuring full compliance with charity and ecclesiastical law as well as helpi ng St George's to f ulfil its aims and objectives. The Standing Committee has delegated powers to conduct PCC business between meetings - this committee is made up of incumbent, licensed clergy, churchwardens, PCC secretary, treasurer, and two elected members of the PCC. It met 6 times during 2024. A Safeguarding sub-group of the PCC, led by the Safeguarding Officer, ensures that the PCC'S full commitment to excellence in this area is delivered. Additionally, there are 7 Working Groups of the PCC, which meet at least termly and report to the PCC.. Communications, Children and Youth., Facilities and Fabric, Finance, Funding and Giving,, Nurturing Faith., Pastoral Care Co-ordination, Worship and Liturgy. Risk Assessment The PCC is required to give consideration both to the major risks to which it is exposed, and to systems designed to mitigate those risks. The major risks requiring comment are summarised in line wlh the recommendations in the document 'The Charities Act 1993 and the PCC.. The duties of the PCC,, section 1.43. Financial risk Reporting to the PCC, the Finance, Funding and Giving Working Group, manages all financial dealings of the church and Centre and provides regular, updated reports for the PCC. These are in the form of management accounts. which are produced monthly. These detail actual income and expenditure, and a forecasted monthly cash flow for the total year versus the budget. The treasurer, who leads the Finance and Funding Working Group, provides detailed financial reports at every Standing Committee and PCC meeting and answers any questions related to the financial health of the church. The Church's Cash Handling Policy is reviewed annually by the PCC and implemented throughout the charity. It is the policy of the PCC to hold minimum cash balances of £20,000 for the church and £10,000 for the Centre. Al any time of the year, if the cash flow forecasts show that either of these balances is expected to fall below the minimum figure, the treasurer must inform the PCC and explain the circumstances. Reputatlonal Risk and Publicity The church publicises much of its work via the St George's website and Facebook page. With the move to online seNices and digital communications increasing since the pandemic, care has been taken to assess our position wth copyright and GDPR. Our licence with CCLI has been duly updated and renewed for the changed circumstances. Throughout 2024 we have continued to livestream services. To protect the privacy of those who do not wsh to appear on camera, clear signs are displayed in church indicating that services are broadcast and advising where to sit to be out of camera shot. No close-up5 of members of the congregation are shown. Newsletters are regularly distributed, and the local press and local radio stations used for special events or news. Advertising is also used, usually to promote fundraising events and seasonal services. A key responsibility of the incumbent and PCC is to ensure that the reputation of St George's is not compromised in any way because of publicity and external communications. There is contact with the Diocesan Communications Department to keep up to date with the changing responsibilities in this area. Twice during the year for Easter and Christmas, promotional fliers giving details of services and events were delivered to around 2000 homes in the parish. Our GDPR privacy and data policy, which is reviewed annually, is published on our website. In November 2024, the PCC accepted a revised Social Media Policy based on guidelines from the Oxford Diocese. Page 2
ST GEORGE THE MARTYR, WASH COMMON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Statutory and Legal Requirements Great care is taken to ensure that the PCC satisfies all statutory and legal needs related to St George's Church and Cenlre. The major aspects are in health and safety, safeguarding, cash handling, security, GDPR and personnel. Duties of the PCC Members AII PCC members are aware of their legal and statutory responsibilities as Trustees of a charity as well as other obligations as leaders in the church. All new PCC members receive a document summarising the expectations of PCC members, and the responsibilities of trustees. Health and Safety Working withi n the parameters of our Health & Safety Policy all buildings within the St George's complex are regularly inspected by certain PCC members and by professional safety personnel to ensure that a safe environment exists. Emphasis is given to kitchens, fire safety, gas and electricity supplies. Fire extinguishers are tested annually by external professionals. Safeguarding In May 2024 the PCC reviewed and approved the Church's Safeguarding Policy and Alison Gill was appointed as Sl George's Safeguarding Officer. Al every meeting a report is received from the Safeguarding Officer. The Safeguarding Group has ensured St George's is fully compliant with all aspects of safeguarding, using Oxford Diocese guidelines. All PCC members have received Safeguarding Training. The DBS register is kept up to date and volunteer agreements are being completed. The Oxford Diocese Parish Safeguarding Dashboards are used as a checklist and record of our safeguarding measures and awareness and updated regularly to ensure excellence in this area. Security CCTV is fitted externally on site to deter vandalism and theft. Signs are posted to alert visitors of its use. Operational Risk All church buildings are fully i nsured with Ecclesiastical Insurance against all likely risks. This company specialises i n the insurance of church buildings, including church halls. Regular examinations of both the internal and external structures take place, and preventative maintenance ensures that the buildings are kept in the best possible condition. Activities of the PCC The full PCC met six times during 2024. Typical attendance at meetings throughout the year was nearly 80 per cent. The new South Newbury Benefice of St George, St John and St Michael was established. St George's and St John's havejoined with Sl Michael and All Angels, Enborne as a three-church benefice. Followng the formal reorganisation of the benefice, there was a weekend of celebrations in September, fostering connections across the benefice. Shared resources, an administration hub. website and a benefice team of clergy deployed across three churches has enabled synergies to be found and collegiality to be fostered. The PCC was pleased to approve and welcome a new curate to the Benefice. Revd Leanne Fowler joined us in June 2024. Strategic outreach priorities sel in 2022 were monitored and developed through the year. The Welcome Café has been successful and is established. Recruitment of a Children and Families Worker was pursued with two rounds of advertising undertaken bul no appointment made. The PCC agreed that a rethink is needed. Similarly, the church building renovations are now understood lo be more extensive and complex than first thought, so an external Project Manager needs to be commissioned. A successful appointment was made to the role of Choir Director. The vicar's sabbatical for eleven weeks over the summer was fully supported by the PCC and went ahead very smoothly for the church and was much appreciated by Revd Bevan. Page 3
ST GEORGE THE MARTYR, WASH COMMON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Strategic awareness of the new housing developments in Wash Common was highlighted in autumn 2024 when new planning permissions were granted. Engagement with new people moving into the parish over the coming years was identified as a significant strategic priority. A PCC Away Day was set for February 2025 to begin a process for identifying ways we can improve our existing welcome. inclusion and engagement with the wider community ahead of the new needs of the coming years. In continued stewardship of our buildings and facilities, signif icant work has been undertaken throughout 2024 on church facilities, including the successful lighting project in early 2024 to replace the system with environmentally friendly LED lights. and repairs to the Ground Source Heat Pump following floods in January. The PCC recognised throughout the year that the financial position of St George's remains challenging and must be addressed to safeguard the ability of the Church to remain a vital place of worship and community for future generations. Plans were discussed and a major focus on stewardship with the congregation agreed for March 2025. Throughout the year, St George's saw continued growth and renewal followtng the negative impact of the pandemic years. Services were streamed online with a usual online viewing figure of around 40-50. Attendance on Sundays grew through the year with a typical Sunday attendance of around 100 plus people. The Thursday service of Holy Communion grew significantly. During 2024, 20 funerals and interments of ashes were taken by St George's clergy. There were 7 baptisms, and 1 wedding conducted at St George's. Assemblies were taken by clergy at Falkland School and school visits took place to the church. Home communions were shared with those unable to get to church and monthly service at Falkland Grange care home was taken by lay people and clergy. All the church seasons were marked in full with seNices, small groups, and gatherings. A Quiet Day at Wantage Convent for Lent was led by Bishop Andrew Proud. Pilgrimages were undertaken to Lichfield Cathedral and to Rome and Assisi. Our focus on provision for children and young people continued throughout the year and included a very successful Holiday Club. Our Tiddlers and Toddlers Group continued to flourish under the new leadership of Hannah Saunders. Overall, 2024 was a year of many encouragements and new growth. Our vision to equip and inspire one another to grow in faith and love, to serve our local community, and reach out lo those in need, remained our clear focus. We remained dedicated to being good and faithful stewards of our gifts, resources, and environment. It is wth gratitude to all at St George's who are so generous with their time. talents and money, that we look to the coming year wth enthusiasm and hope, trusting in God's guidance and provision. This report was approved by the members of the PCC on Tuesday 25th March 2025 at the PCC meeting and signed on their behalf by Henrietta High, PCC Secretary. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. REFERENCE AND ADMINISTRATIVE DETAILS Approved by order of the board of trustees on and signed on its behalf by.. Henrietta High PCC Secretary Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST GEORGE THE MARTYR, WASH COMMON Independent examiner's report to the trustees of St George the Martyr, Wash Common I report to the charity trustees on my examination of the accounts of St George the Martyr, Wash Common {the Trust} for the year ended 31 December 2024. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'i. I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145{5}Ib) of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect. accounting records were not kept in respect of the Trust as required by Section 130 of the Act, or the accounts do not accord with those records, or the accounts do not comply with the applicable requirements concerning the fom and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Martin Thomas FCCA Cooper Parry Advisory Limited First Floor, Davidson House Forbury Square Reading Berkshire RG13EU Date.. Page 5
ST GEORGE THE MARTYR, WASH COMMON STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Charitable activities Church Activities 92,417 22,527 114,944 109,411 Other income 59,499 59,499 58,947 Total 151,916 22,527 174,443 168,358 EXPENDITURE ON Charitable activities Church Activities 171,838 10,061 181,899 159,399 NET INCOMEIIEXPENDITUREI (19,9221 12,466 (7,456) 8,959 RECONCILIATION OF FUNDS Total funds brought forward 61,425 245,491 306,916 297,957 TOTAL FUNDS CARRIED FORWARD 257 957 299 460 306,916 CONTINUING OPERATIONS All i ncome and expenditure has arisen from continuing activities. The notes form part of these financial statements Page 6
ST GEORGE THE MARTYR, WASH COMMON BALANCE SHEET 31 DECEMBER 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Notes FIXED ASSETS Tangible assets 10 9,771 230,998 240,769 253,440 CURRENT ASSETS Debtors. amounts falling due within one year 11 Cash at bank 1,799 33,074 1,799 61,336 1,704 58,798 28,262 34,873 28,262 63,135 80,502 CREDITORS Amounts falling due wthin one year 12 13,1411 11,303) (4,4441 17,026) NET CURRENT ASSETS 31,732 26,959 58,691 53,476 TOTAL ASSETS LESS CURRENT LIABILITIES 41,503 257,957 299,460 306,916 NET ASSETS 41,503 257,957 299 460 306,916 FUNDS Unrestricted f unds.. Unrestricted f unds Restricted funds. Restricted funds 13 41,503 61,425 257,957 245,491 TOTAL FUNDS 299,460 306,916 The financial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by.. Revd Becky Bevan - Trustee ,-1,,/202( The notes form part of these financial statements Page 7
ST GEORGE THE MARTYR, WASH COMMON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements have been prepared to give a 'true and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair, view. This departure has involved following the Charities SORP {FRS 1021 published on 16 July 2014 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from 1 Apnl 2005 which has since been wthdrawn. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless othetwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 issued in November 2019 and Charities Act 2016. St George the Martyr, Wash Common constitutes a public benefit entity as defined by FRS 102. INCOME All income is recognised once the Church has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Voluntary income and capital sources,. Planned giving, collections and donations are recognised when received by or on behalf of the PCC. Income tax recoverable on covenants or Gift Aid donations is recognised when the income to which they relate is received. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due. All other income is recognised when it is receivable. Funds raised by the fete, garden party and similar events are accounted for gross. Sales of books and magazines from the Church bookstall are accounted for gross. Other ordinary income Rental income from the letting of Church premises is recognised when the rental is due. Feed-In-Tariff IFITI and Renewable Heal Incentive.. The George Goes Green project included the installation of photo-voltaic cells on the Church roof and the installation of the ground source heat pum p. Thp. pholo-vollanic. cells generate electricity which is sold back to the national grid under the government's FIT scheme and the ground source heat pump is eligible for the Renewable Heat Incentive. The income is accounted for when received as unrestricted income. Donated services or facilities are recognised when the Church has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the Church of the item is probable and that economic benefit can be measured reliably. On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the Church which is the amount the Church would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market, a corresponding amount is then recognised in expenditure in the period of receipt. Page 8
ST GEORGE THE MARTYR, WASH COMMON NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES - continued Basis of preparing the financial statements Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service. EXPENDITURE Expenditure is recognised once there is a legal or constructive obligation lo make payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated to the applicable expenditure headings. Grants.. Grants and donations are accounted for when paid over, or when awarded. if that award creates a binding obligation on the PCC. Activities di rectly relati ng to the work of the Church,. The diocesan quota or parish share is accounted for when payable. Any quota unpaid at 31 December is provided for in these accounts as an operational (though not a legall liability and is shown as a creditor in the balance sheet. Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. All other expenditure is generally recognised when it is incurred and is accounted for gross. TANGIBLE FIXED ASSETS AND DEPRECIATION Consecrated land and buildings and movable church furnishings.. Consecrated and benefice property is excluded from the accounts by s.1012){al and (cl of the Charities Act 2011. All expenditure incurred during the year on consecrated or benefice buildings and immovable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed. This includes all expenditure on the George Goes Green" project. Movable church furnishings held by the Vicar and churchwardens on special trLlSt for the PCC and which require a faculty for disposal are inalienable property, listed in the Church's inventory, which can be inspected lat any reasonable timel. For anything acquired prior to 2002 there is insufficient cost information available and therefore such assets are not valued in the financial statements Subsequently no individual item has cost more than £1,500 so all such expenditure has been written off when incurred. Other fixtures, fittings and office equipment.. Individual items of equipinenl with a purchase price of £200 or less are written off when the asset Is acquired. Page 9
ST GEORGE THE MARTYR, WASH COMMON NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES - continued Basis of preparing the financial statements Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected usef ul lives on the followng bases. Freehold property 50 years on a straight line basis Fixtures and fittings - 10 years on a straight line basis Office equipment - 10 years on a straight line basis INTEREST RECEIVABLE Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Church,. this is normally upon notification of the interest paid or payable by the Bank. DEBTORS Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. CASH AT BANK AND IN HAND Cash at bank and in hand includes cash and short term highly liquid investments wlh a short maturity of three months or less f rom the date of acquisition or opening of the deposit or similar account. CREDITORS Creditors are recognised when the Church has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due. FINANCIAL INSTRUMENTS The Church only has financial assets and financial liabilities of a kind that qualify as basic financial i nstruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. CURRENT ASSETS Amounts owing to the PCC al 31 December in respect of fees. rents or other income are shown as debtors less provision for amounts that may prove non-colleclable. Short-term deposits include cash held on deposit either wth the CBF Church of England Funds or at the bank. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated usef ul life. Fund accounting Restricted funds represent al income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and 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 al the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Page 10
ST GEORGE THE MARTYR, WASH COMMON NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES - continued Fund accounting General funds are unrestricted funds which are available for use at the discretion of the members of the PCC in furtherance of the general objectives of the church and which have not been designated for other purposes. INCOME FROM CHARITABLE ACTIVITIES 2024 Church Activities 2023 Total activities Gift Aid Donations Donations, Appeals etc Collections (open platel Fees Magazines 71,594 27,984 10,787 4,579 72,714 22,818 11,125 2,364 390 114,944 109411 CHARITABLE ACTIVITIES COSTS Direct Costs I see note 41 Support costs (see note 5} Totals Church Activities 173,879 8,020 181,899 DIRECT COSTS OF CHARITABLE ACTIVITIES 2024 2023 Church Activities Diocesan Quota Clergy expenses Church running costs Church Maintenance Printing, stationery and communications Service costs Church hall running costs Choir & organist costs Depreciation Governance Bank charges 15,3351 80,969 2,691 11,693 16,004 7,102 671 30,838 5,011 12,672 11,184 379 96 74,234 3.065 11,839 8,745 6,875 1,037 21,416 3,387 12,672 8,348 175 173,879 151,889 Page11
ST GEORGE THE MARTYR, WASH COMMON NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 SUPPORT COSTS Information technology Finance Totals Church Activities 130 7,890 8,020 TRUSTEES. REMUNERATION AND BENEFITS No members of the PCC received remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees. expenses During the year, members of the PCC received reimbursement of expenses amounting to £2.17912023 £3,637) and made donations to the church amounting to £11,997 (2023 - £11,301). STAFF COSTS The average monthly number of employees during the year was as follows.. 2024 2023 Benefice Manager No employees received emoluments in excess of £60,000. INDEPENDENT EXAMINERS REMUNERATION The Independent Examiners remuneration amounts to an Independent Examination Fee of £3,000 12023-£3.0001 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Charitable activities Church Activities 105,747 3,664 109,411 Other income 58,947 58,947 Total 164,694 3,664 168.358 EXPENDITURE ON Charitable activities Church Activities 149,338 10,061 159,399 NET INCOMEIIEXPENDITUREI 15,356 16,3971 8,959 RECONCILIATION OF FUNDS Total funds bought forward 46,069 251,888 297,9574 Page12
ST GEORGE THE MARTYR, WASH COMMON NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted funds funds Total funds TOTAL FUNDS CARRIED FORWARD 61,425 245,491 306.916 10. TANGIBLE FIXED ASSETS Fixtures and fittings Computer equipment Hall Totals COST At 1 January 2024 and 31 December 2024 498,061 568,179 DEPRECIATION At 1 January 2024 Charge for year 257,327 44,128 1,657 13,284 1,053 314,739 At 31 December 2024 267,288 327 410 NET BOOK VALUE At 31 December 2024 230,773 240 769 At 31 December 2023 240,734 9,072 3,634 253,440 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Prepayments and accrued income 1,799 1,704 Page13
ST GEORGE THE MARTYR, WASH COMMON NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accruals and deferred income 7,026 13. MOVEMENT IN FUNDS Net movement in f unds At 31112124 At 111124 Unrestricted funds Unrestricted f unds 61,425 119,9221 41,503 Restricted funds Restricted funds 245,491 12,466 257,957 TOTAL FUNDS 306,916 7,456) 299,460 Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in f unds Unrestricted funds Unrestricted funds 1S1,916 (171,8381 119,922> Restricted funds Restricted f unds 22,527 110,061) 12,466 TOTAL FUNDS 174,443 181,899) 7,456) Comparatives for movement in funds Net movement in funds At 31112123 At 111123 Un restricted funds Unrestricted funds 46,069 15,356 61,425 Restricted funds Restricted funds 251,888 16,3971 245.491 TOTAL FUNDS 297,957 8,959 306,916 Page 14
ST GEORGE THE MARTYR, WASH COMMON NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 13. MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds Unrestricted f unds 164,694 1149,3381 15,356 Restricted funds Restricted funds 3,664 (10,061} (6,3971 TOTAL FUNDS 168,358 159,3991 8,959 14. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2024 other than those disclosed in note 6 regarding reimbursed expenses to, and donations received from the members of the PCC. Page15
ST GEORGE THE MARTYR, WASH COMMON DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 INCOME AND ENDOWMENTS Charitable activities Gift Aid Donations Donations, Appeals etc Collections (open plate) Fees Magazines 71,594 27,984 10,787 4,579 72,714 22,818 11,125 2,364 390 114,944 109,411 Other Income Church Hall Lettings etc Feed-In-Tariff 46,256 45,161 13,788 58,947 Total incoming resources 174,443 168,358 EXPENDITURE Charitable activities Church Activities Diocesan Quota Clergy expenses Church running costs Church Maintenance Printing, stationery and communications SeNice costs Church hal I running costs Choir & organist costs Depreciation Governance Bank charges 15,335} 80,969 2,691 11,693 16,004 7,102 671 30,838 5,011 12,672 11,184 379 96 74,234 3,065 11,839 8,745 6,875 1,037 21,416 3,387 12,672 8,348 175 173,879 151,889 Support costs Finance Sundries 130 83 Information technology Immoveable church furnishing 7,890 7,427 Total resources expended 181,899 159,399 Net (expenditure)lincome 7,4561 8,959 The page does not form part of the statutory financial statements Page 16