St mar
In'scHURCH
DORKING
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
FOR
THE PAROCHIAL CHURCH COUNCIL
OF THE ECCLESIASTICAL PARISH OF
DORKING ST MARTIN
Independent Examiner:
Ellis Atkins, Chartered Accountants
Constable Court
62 Dene Stre¢t
Dorking
RH4 2DP
Registered Charity Number: 1133695

THE PAROCHIAL CHURCH COUNCIL OF DORKING ST MARTIN
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
Table of Contents
Page numbers
Trustees Annual Report
3to 11
Independent Examiner's Report
12
Ststement of Financial Activities
13
Balance Sheet
14
Notes to the Financial Statements
15to25

THE PAROCHIAL CHURCH COUIYCIL OF DORKING ST MARTIN
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
INTRODUCTION
The Trustees present their report with the financial statements of the charity for the year ending
31 December 2024. The Trustees have adopted the provisions of Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS102) (effective l January 2019).
The Parochial Church Council of the Ecclesiastical Parish of Dorking St Martin, is also known
as St Martin's Church, Dorking. The members of St. Martin's Parochial Church Council (PCC)
are the trustees of the charity.
These financial statements include the financial results and funds of St Mary's Church,
Pixham, the daughter church of St Martin's Church, Dorking.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The primary object of each Parochial Church Council (PCC) is the promotion of the Gospel of
our Lord Jesus Christ according to the doctrines and practices of the Church of England.
St Martin's Church PCC is also responsible for its daughter church of St Mary's, Pixham.
St Martin's and St Mary's are open, living, Christian communities, seeking to worship God and
to enrich the life of Dorking and the world. We seek to celebrate and share the love of God for
all:
in prayer, reflection and action.
by listening, learning and growing together;
through serving others and the wider world.
St Martin's and St Mary's are friendly, inclusive, welcoming churches. We offer a broad
churchmanship and welcome people from all sections of the community to engage with church
life, whatever their needs. Worship is at the heart of our church life. We seek to provide a
varied pattern of services that reflects the Christian year and serves all of our worshipping
community. We strive for worship that is insightful, upltfting and connected to real life.
The development of faith is essential to the life of our Christian community. We believe in
faith as a journey and aim to develop learning opportunities so that people may explore their
spirituality and their relationship with God.
Children and young people are an essential part of our life, and we want to build good
relationships with all our local schools, especially our church school. We want to include
children and young people in our community of faith, to nurture their spirituality and to ensure
their safety by complying with the law and following best practice.
We seek to be worthy stewards of our financial and material assets to the service of our
community and the wider world. We are custodians of a well-equipped town centre site and are
blessed with an amazing location. We work hard to maintain our buildings and grounds within

THE PAROCHIAL CHURCH COUNCIL OF DORKING ST MARTIN
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
certain financial constraints. We are exploring new ways of developing our space to the benefit
of our community and those with whom we share our site.
We actively promote and support the Dorking Town Centre Forum, the Dorking Area
Foodbank and Churches Together in Dorking.
We aim to ensure that pastoral care is available to all, not just those with obvious
vulnerabilities. We specifically try to make the idea of inclusion real at every level of our life
together.
Public benefit
St Martin's PCC has the responsibility of cooperating with the Incumbent in promoting the
mission of the Church for the public benefit both within the wider Mission Action Zone of
Dorking as well as within the ecclesiastical parish.
When planning its activities for the year the PCC has considered the Charity Commission's
guidance on public benefit and, in particular, the supplementary guidance on charities for the
advancement of religion.
Volunteers
The PCC is supported by honorary assistant clergy, the Rt Rev'd Dr Richard Cheetham,
Assistant Bishop Diocese of Guildford, and Rev'd David Cowan. Rev'd Caroline Lazenby,
Rev'd Gerard Mee, Rev'd Stuart Peace, Rev'd Virginia Smith, Rev'd Barbara Steadman-Allen
and Rev'd David Williams.
The Church relies heavily on the contribution of volunteers in carrying out its ministry, and
without such contributions would have to curtail much of its work.
A monetary value for the contribution of the volunteers has not been included in the accounts.
ACHIEVEMENTS AND PERFORMANCE
The Benefice had been without an incumbent since August 2022. Rights of presentation to the
Benefice were suspended for five years from October 2022 to allow consideration of the future
relationships with neighbouring parishes to better serve the needs of the people in the area. All
three of our churches in the Benefice share a vision to grow our ministry and mission to the
communities we serve.
In the Spring of2024 we were able to advertise for an interim full-time priest-in-charge as
agreed with the Bishop of Guildford and interviews were held in July. We are delighted to
report that Rev Dr Anthony Rustell was appointed initially for 3 years in the hope that this tenn
would be extended. Dr Rustell was licensed on 4th December 2024. We continued to be
supported by our wonderful team of non-stipendiary and retired clergy and an LLM throughout
the year. They are very well supported by our churchwardens (both appointed at the APCM in
2023), the PCC and a team of volunteers.
St Martin's retsins its role as Dorking'5 civic church and this year we organised a Deanery
Welcome service for the newly appointed Bishop of Dorking as well as the annual
Remembrance Sunday service. The church also hosts the Good Friday service organised by

THE PAROCHIAL CHURCH COUNCIL OF DORKING ST MARTIN
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
Churches Together in Dorking. For the first time in many years a summer fair was organised
and we are planning for this to be an annual event. In June St Martin's celebrated the 150th
anniversary of the nave with a special service and musical entertainment.
St Martin's Church building is open 7 days a week and it is striking how many people come
through the doors during the week to light a candle, to pray and reflect, or just to look around.
There many opportunities here for mission and ministry. Many people leave a written
prayer in the prayer corner.
The smaller church of St Mary's was designed for worship and community meetings as only
the chancel is consecrated. Various activities take place for members of the local community.
Details of activities are advertised in the Pixham Post which is delivered by the Residents
Association. St Mary's Church uses electrical heating and energy is obtained from a green
Parish Buying contract. St Mary's liaise closely with the Pixham Residents Association to
support each other in fundraising and social activities during the year. The church takes part in
local Heritage celebrations with a special service, displays and refreshments.
St Martin's has close links with St Martin's Church of England Primary School and these have
been significantly strengthened during the year. We welcome the whole school, together with
the children's families, to St Martin's for services at Christmas, Easter and Harvest Festival.
We also host the Year 6 Leavers, service. We continue to host an annual assembly in the
church for each year group to which parents are invited. Pupils from St Martin's School
participated in the church's Harvest Festival service (singing and reading lessons). Church
members meet monthly with the school worship team for prayers at the school. We have
representation on the goveming body of the school and during the year this has continued when
the school became part of an academy. Monthly meetings take place between the newly
appointed headteacher in September 2024 and St Martin's Churchwardens and our School
Governor representative. Our Vice Chair of the PCC is a Governor of The Priory School, a
Church of England secondary school in the town.
St Maitin's and St Mary's with their distinctive characteristics give a wide range of mission
opportiinities and wiihin thc wider Dorking Group of Churches. Now that we have a priest-in-
charge we are looking fonvard to extending our mission and begin planning to consider how
we can serve the people of Dorking in a meaningful way. We welcome the opportunity to work
with other churches in Dorking to promote Christianity to individuals and to community groups
of all kinds. There is scope to spearhead new initiatives including some joint services and
mission events. Churches Together in Dorking was instrumental in starting the Dorking Food
Bank which continues to operate from the Christian Centre.
Looking forward we would like to consider the redevelopment of the back of St Martin's
Church so that we have onsite hospitality facilities. Our architect has made an initial visit to
discuss possible developments.
St Martin's and St Mary's remain in good heart and look forward to working with our new
parish priest Rev Dr Anthony Rustell. We are now able to renew our vision and seek new
mission opportunities. The churchwardens remain grateful to all who serve (both lay and
clergy) and PCC members for their contribution to the life of the churches.

THE PAROCHIAL CHURCH COUNCIL OF DORKING ST MARTIN
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
FINANCIAL REVIEW 2024
Appointment of new Independent Examiner
Overseen by a sub-group setup by the PCC, in the second half of 2024 local accountancy fim]s
were invited to quote to become our independent examiner. The firm we had been using for a
number of years, Haysmacintyre LLP, decided to withdraw part of the way through. The sub-
group recommended that the local firm of Ellis Atkins be appointed as examiners in respect of
the statements for 2024 and the PCC confirmed this appointment in November 2024.
Changes to Financial Statements
Once Ellis Atkins had been appointed there was a joint review about a number of aspects of the
financial statements. The most significant one was the consolidation of the accounts with the
four separately Charity Commission registered Vicar and Churchwarden charities, first adopted
in 2006 as requested by the then auditors. The review recommended that the 2024 financial
statements and comparatives should not be consolidated. and this was then conf1rn1ed by the
PCC. The income received from these charities is now shown as grants.
Parish Share
As is the case for many churches the largest financial commitment is Parish Share - money the
Diocese needs to be able to pay and support a stipendiary priest, including the costs of housing,
training etc. Parish Share receipts also meet Diocesan costs and a contribution to those of the
National Church.
St Martin's with its daughter church of St Mary's Pixham is part of a United Benefice with St
Barnabas Ranmore, and the churches share one stipendiary priest. The arrangement put in place
when this benefice was fonned apportion the stipendiary priest cost between the two PCCS.
Seven eighths of this cost apply to St Martin/St Mary and the remaining one eighth to St
Barnabas.
The parish share system in the Diocese of Guildford allows some relief from full parish share
st
for vacancies that last over 12 months. In our case this relief applied from I September 2023
until our Priest in Change, Anthony Rustell, was licensed in December 2024. For 2024 this
relief amounted to £18,712 from the full figure of £75,496. The reduced figure was paid in full
by the end of 2024. In comparison the amount of share expected to be paid to the Diocese for
2025 is £76,726.
Discussions with the Diocese in 2023 included the £23K unpaid parish share from 2011 related
to the then extended vacancy. We have not yet received confirniation that this is now being
written off, but the PCC consider that this amount is very unlikely to be due.
Overview
En 2024 the parish was able to cover in full its parish share and other costs. It was greatly
assisted in doing this through grants from the George White and Spratley funds (£20K and £3K
resp¢ctively). We are aware that the grant to the PCC from the George White fund was greater
than the annual income of that fund, and that future grants from drawing down on unused

THE PAROCHIAL CHURCH COUNCIL OF DORKING ST MARTIN
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
historical income in the fund will only be possible at the current rate for at most seven years.
This is based on a grant of around £20K from George White with its annual income of £12K' at
the end of the year the fund had around £60K in unspent income in the bank.
The PCC is therefore committed to reducing costs and increasing income in order to make it
less reliant on the George White funds for nornial expenditure.
Commentary
Although the core activities of the churches remain reasonably constant from year to year,
other activities vary, especially maintenance work on the old buildings we care for. The costs
associated with these vary and greatly distort simple comparisons from year to year.
At first glance 2024 was a good year financially. Compared with 2023, income was up.
expenditure up but not by as much and there was an overall surplus even before investment
gains are considered. Also the unrestricted funds were in surplus.
However the reality is somewhat different. Expenditure from the unrestricted fund benefitted
from the reduction in parish share mentioned earlier amounting to £18,712, and the restricted
fund by the £20K Contribution fmm George White funds. Also the￿ was a one-off credit
shown under donations of £12,487. This was half the remaining funds in a Joint Church
account setup to receive two legacies to the "Shared Church" Much of the original funds had
been used to benefit St Martin's and the Christian Centre. Without these three items there
would have been a deficit on unrestricted funds of over £34K.
The income and expenditure of restricted funds were larger than 15 typical as a result of the
much needed boiler replacement work funded by the Friends of St Martin's Church. They also
covered the VAT element until a claim under the Listed Places of Worship scheme was
successful and the grant paid out. Sadly, this scheme is being wound down in the financial year
202512026 and it has been announced that it will then end.
The accounts show expenditure of £2,679 in the Endowment fund. This is from the residual
capital after the purchase of the flat, and is to fund a "cash call" to the owners of a number of
tlie properties in the blocks for repairs to the boundary with the Dorking Halls car park. This
has been subject to a degree of collapse since the blocks were built.
It is in the context of annual deficits that work continues in conjunction with the Diocese and
others to review the PCC funds and those of the separate r¢gistered charities to ensure that the
best and appropriate use is being made of them.

THE PAROCHIAL CHURCH COUNCIL OF DORKING ST MARTIN
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
Reserves policy
At the 31" December 2024 the churches of St Martin with St Mary had
unrestricted funds totalling £142,636 (2023: £123,657), and
restricted fund totalling
£44,652 (2023: £45,534).
The unrestricted reserves amount to around a year's core expenditure before development
projects and major repairs. The trustees anticipate that this level of funds together with
fundraising associated with proposed projects will enable a contribution to be made towards
development plans referred to elsewhere, and still retain a sufficient level of reserves to meet
the current and future obligations of the church.
Principal funding sources
The main source of income for the churches is giving. Donations and legacies, including the
income from the separate V&CW charities amounted to £173,083 (2023: £99,540). The figure
for 2024 included a £56K donation from the Friends in respect of the boiler replacement
project and the receipt of £12,487 following the closure ora Joint Church account.
Investment policy and objectives
The charity converted half of its unrestricted investment holdings to cash deposits during the
year. At year end it has investments totalling £53,922 included within unrestricted funds (2023:
£105,431. These funds are held through CCLA.
Plans for future periods
Following the recruitment of a Priest-in-charge starting in December 2024, the trustees have
been working with him on plans to develop and promote the mission of both St Martin's
Dorking and St Mary's Pixham churches.
The extensive review of both the endowment, restricted and unrestricted funds in conjunction
with the Diocese is ongoing. The objective is to identify surplus funds which can be utilised to
help finance the development and update the reserves policy to ensure sufficient funds are
available to finance the future operations and obligations of the church.
Risk Management
The PCC reports that it has given consideration to the risks faced by the church. The major
risks that the church is exposed to relate to people, including the safeguarding of children and
vulnerable adults, and the ability to cover and recruit to vacant staffing positions when these
occur. The PCC has fornial controls in place, working with the Diocese of Guildford, to
manage these risks. Other main risks relate to financial matters, compliance with legal and
statutory requirements and the activities of the church. The PCC has policies and procedures in
place to manage all of these risks.

THE PAROCHIAL CHURCH COUNCIL OF DORKING ST MARTIN
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The Parochial Church Council is a corporate body established by the Church of England. The
PCC operates under the Parochial Church Council Powers Measure, and was officially registered
with the Charity Commission in January 2010, number 1133695 under the name The Parochial
Church Council of the Ecclesiastical Parish ofDorking Sainl Marlin. It is also known as
Dorking St Martin or St Martin's Church, Dorking.
Under a Union of Benefice Measure (1960) the parish is linked to that of St Barnabas,
Ranmore which has its own PCC and is independent. The Bishop of Guildford implemented a
Pastoral Order under Section 17 of the Mission and Pastoral Measure 2011 with effect from
I" December 2018. Under this order a Group Ministry was established for the benefices of
Dorking with Ranmore, Dorking St Paul, and North Holmwood St John the Evangelist.
M4?nagement
During 2024 regular PCC meetings were held and additionally some joint meetings with St
Barnabas Church in order to adopt the newly written Benefice Parish Profile, agree to advertise
the post and to appoint parish representatives.
The PCC includes representatives from the congregation and the clergy. The appointment of
PCC members is governed by the Church Representation Rules. The 2004 APCM agreed that
there should be an extra lay place for a representative from the daughter church of St Mary's.
That place is currently vacant.
The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline
Measure 2016 (duty to have regard to the House of Bishop's Guidance on safeguarding of
children and vulnerable adults). It has delegated to the Guildford Diocese the responsibility for
reporting to the Charity Commission any serious incidents that occur.
Recruitment and appointment of new trustees
Current PCC members and other members of the Church are asked to consider suitable
candidates to join the PCC, preferably sometime in advance of the APCM. Elected members of
the PCC are appointed for a three year term with one third completing their term of office each
year. A tem] of office may be less than three years if a vacancy occurs due to a resignation of a
lay member during their term of office.

THE PAROCHIAL CHURCH COUNCIL OF DORKING ST MARTIN
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
Membership of the PCC
Membership of the PCC and the election of Churchwardens is governed by the Church
Representation Rules. Members are either elected by the Annual Parochial Church Meeting
(APCM), co-opted or are ex officio members through membership of Deanery Synod, Diocesan
Synod or General Synod.
For the year stsrting I" January 2024 and until the approval of the Trustees Annual Report and
Financial Statements for 2024, the following served as members of the PCC and, unless
otheNis¢ noted, acted as PCC Trustees:
Incumbent:
Revd Dr Anthony Rustell
Felicity Cheetham
Judy Peace
Canon Peter Bruinvels
Nick Hands-clarke
From 4 December 2024
Churchwardens:
Deanery Synod:
Nole J
Nole 2
Elected Members:
Jenny Bartholomew
Diana Burges
Catherine Dorman
Christine Francis
Christine Lawrence
Alan Marsh
Alan Roome
Dr Chris Watts
Anne Whibberley
Robina Williams
From 18 January 2024
Note 3
Co-opted Member:
Richard Battye
The Incumbent, Churchwardens, PCC Vice-Chairn]an and PCC Treasurer are regarded as Key
Management Personnel.
Nole l.. Canon Peter Bruinvels was Acting PCC Chairman until 4 December 2024, and since
then has been PCC Vice-chairman. He serves on General Synod and (ex-officio) on
Diocesan and Deanery Synods.
Note 2.. Nick Hands-clarke also serves on Diocesan Synod.
Note 3.. Alan Marsh was initially co-opted to the PCC on 18 January but not as a Trustee. He
was then elected to the PCC as a Trustee at the APCM on 12 May 2024.
Officers of the PCC
From 14 June 2024
Chairman
Canon Peter Bruinvels
Revd Dr Anthony Rustell
Canon Peter Bruinvels
Christine Francis
Christine Lawrence
Treasurer
Nick Hands-clarke
Safeguarding Officer
Anne Whibberley
Electoral Roll Officer Elizabeth Dobson
To 4 December 2024
From 4 December 2024
From 16 January 2025
To 13 June 2024
From 13 June 2024
Vice-chainnan
Secretary
10

THE PAROCHIAL CHURCH COUNCIL OF DORKING ST MARTIN
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
Independent Examiner:
Philip Longstaff, FCA
Ellis Atkins, Chartered Accountants
Constable Court
62 Dcne Street
Dorking
RH4 2DP
Bankers:
Lloyds Bank Epsom Branch
PO Box l 000
BXI ILT
Investment Managers:
CCLA Investment Management Ltd
One Angel Lane
London
EC4R 3AB
M&G Charities.
PO Box 9038
Chelmsford
CM99 2XF
Custodian Trustee:
Guildford Diocesan Board of Finance
Church House Guildford
Stag Hill
Guildford
GU2 7UP
Insurers:
Ecclesiastical Group,
Beaufort House
Brunswick Road
Gloucester
GLI IJZ
Approved by order of the Board of Trustees on 4 May 2025
and signed on its behalf by:
Revd Dr Anthony Rustell,
Trustee

THL PAROCHIAL CHURCH COUP4CIL OF DORKING ST MARTIN
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
Independent examinerfs report to the Trustees of
The Parochial Church Council of the Ecclesiastlcal Parish of Dorking St Martln
I report to the charitytrustees on my examination of the accounts of The Parochial Church Council
of the Ecclesiastical Parish of St Martin's Church Dorking (the PCCI for the year ended
31st December 2024.
Responslbilitles and basls of report
As the charity trustees of the PCC you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 20111'the Act,).
I report in respect of my examination of the PCC'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){b} of the Act.
Independent examiner's ststement
I have completed my examlnatlon. I confirm that no material matters have come to my attention
In connectlon with the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the PCC as required by Section 130 of
the Act; or
the accounts do not accord with those records; or
3. the accounts do not comply wlth the appllcable requirements concerning the form and
content of accounts set out in the Charities (Accounts and Reports) Regulation5 2008
other than any requi￿rnent that the actounts give a true and fair view whlch is not a
matter considered as part of an independent examination.
I have no concerns and have come across no other matters In connectlon wlth the examination
to which attention should be drawn ir+ this report in order to enable a proper understanding of
the accounts to be reached.
Philip Long5taff FCA
The Institute of Chartered Accountants in England and Wales
Ellis Atkins
Chartered Accountants
Constable Court
62 Dene Street
Dorking
RH42DP
Date:
oif
12

THE PAROCHIAL CHURCH COUNCIL OF DORKING ST MARTIN
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted
Funds
Re5tri¢ted Endowment
Funds
Funds
TOTAL
2024
TOTAL
2023
Note
INCOME & ENDOWMEIYTS:
Donations and Legacies
Church activities
2(a)
2(b)
88,737
8,865
8,166
20,030
84,346
173,083
8,865
9,072
22,654
99,540
6,968
5,805
21,318
Other trading activities
Investments
906
2(d)
2,624
Other
125 798
224 833
145 338
I XPENDITURE ON:
Church activities
3(a) (100,770) (32,963)
3(b)
(8,559)
(133,733)
(11,238)
(131,911)
(7,968)
Raisingfunds
Other
(2,679)
109329
211925
147 172
Net income l (expenditure)
before investment gains
Gains / (Losses) on
investment assets
16,469
(882)
(2,679)
12,908
(1,834)
Iyet movement in funds
18,979
(882)
(756)
17,341
54,590
RECONCILIATION OF FUNDS
st
Total Funds b/fwd l January
123,657
45,534
473,382
642,573
587,983
Total Funds c/fwd 31" December
142
The notes on pages 15 to 25 fomi part of these accounts.
13

THE PAROCHIAL CHURCH COUNCIL OF DORKING ST MARTIN
BALANCE SHEET AS AT 31 DECEMBER 2024
Unrestricted Restricted Endowment
Funds
Funds
Funds
TOTAL
2024
TOTAL
2023
Note
FIXED ASSETS
Investment Property
Investments
6(a)
6(b)
380,000
380,000
139 892
380,000
189 477
465 970
519892
569 477
CURRENT ASSETS
Debtors and prepayments
Investments (cash equivalents)
Cash at bank and in hand
2,123
31,754
75
2,198
63,854
5,248
9,504
25,444
6,656
94,481
44,652
6,656
145,789
76,768
LIABILITIES
Creditors: due within one
year
Nel curreNI assels
140 022
Unrestricted Restricted Endowment
Fund
Funds
Fund
TOTAL
2024
TOTAL
2023
CHARITY FUNDS
Unrestricted Funds
142,636
142,636
44,652
432,626
40,000
123,657
45,534
433,382
40,000
Restricted Funds
8{a)
6, 9(a)
6, 9(a)
44,652
Endowment Funds
Revaluation Reserve
432,626
40,000
The notes on pages 15 to 25 fomi part of these accounts.
The financial statements were approved by the Board of Trustees on 4 May 2025
and signed on its behalf by
Revd Dr Anthony Rustell,
Trustee
Nicholas Hands-clarke
Trustee
14

THE PAROCHIAL CHURCH COUNCIL OF DORKING ST MARTIN
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
I. ACCOUNTING POLICIES
l(a) Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have
been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial
Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011.
The financial ststements have been prepared under the historical cost convention.
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 main
affiliation to another body, nor those that are informal gatherings of Church members.
l(b) Fund Accounting
Reslrictedfynds comprise (a) income from endowments which is to be expended only on the
restricted purposes intended by the donor, and (b) revenue donations or grants for a specific
PCC activity intended by the donor.
Unreslricledfunds are income funds which are to be spent on the PCC'S general purposes.
Endowmentfunds are funds, the capital of which must be retained either permanently or at the
PCC'S discretion; the income derived from the endowment is to be used either as restricted or
unrestricted income funds depending upon the purpose for which the endowment was
established in the first place.
l(c) Tncome
Planned giving, collections and similar donations are recognised when received. Gift Aid
refunds are recognised when the incoming resource to which they relate is received. Grants and
legacies are accounted for when the PCC is legally entitled to use of the resources, their
ultimate receipt is considered probable and the amounts due are reliably quantifiable.
Dividends are accounted for when declared receivable, interest as and when accrued by the
payer. Claims for refunds of VA T under the Listed Places of Worship Scheme are accounted
for when the amount of refund is known. All incoming resources are accounted for gross: this
includes property income which is received from the letting agent net of management fees and
minor repairs carried out through them.
l(d) Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure, it is probable that a transfer of economic benefits
will be required in settlement and the amount of the obligation can be measured reliably. The
Diocesan Parish Share expected to be paid over is accounted for when due. All other
expenditure is accounted for on an accruals basis.
15

THE PAROCHIAL CHURCH COUNCIL OF DORKING ST MARTIN
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
l(e) Fixed Assets
Consecrated and beneficed property is not included in the accounts in accordance with the
provisions of the Charities Act 2011.
The investment property bought in 2016 to generate income for the PCC is included at a
professional valuation and not depreciated.
Individual items with a purchase price of less than £1,500 are written off in the year in which
the expenditure is incurred. Larger value additions are depreciated on a straight-liii¢ basis over
three to five years.
l(fj Investments
Quoted investments are included in the financial statements at market value at the balance sheet
date.
Realised and unrealised gains and losses on revaluation and disposals occurring in the year are
reported in the statement of financial activities.
l(g) Vicar and Churchwarden {V&CW) Charities
In a change to the practice first adopted in 2006 and after a review by the Trustees and the
Independent Examiner, these financial statements are no longer consolidated with the
separately registered V&CW Charities. The income from these charities is treated as a grant
against eligible expenditure incurred by the PCC.
Summary financial information on these charities is provided in note I l(e).
16

THE PAROCHIAL CIIURCH COUNCIL OF DORKING ST MARTIN
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEIIqBER 2024
Endow-
ment
Funds
2. INCOME & ENDOWMENTS Unreslricted Restricted
Funds
Funds
TOTAL
2024
TOTAL
2023
2(a) Donalions and Legacies
Planned giving:
Donations
Gift Aid
Collections (open plate)
Charity speciftc coll¢ctions
Donations etc
Friends of St Martin's
V&CW Charity grants (I l(e))
Mole Valley
Legacies
43,038
13,034
5,349
240
60
43,278
13,094
5,349
44,006
12,328
5,183
24,216
24,216
55,814
28,232
3,100
6,485
750
27,488
3,100
200
55,814
28,232
3,100
173 083
2{b) Incomefrom church activities
Church Magazine
PCC fees for weddings etc
Other activities
2,780
5,895
190
2,780
5,895
190
2,813
4,005
150
2(c) Oiher trading activities
Events
Hire of Churches
1,261
906
2,167
285
906
2(d) Incomefrom investmenls
Unrestricted fund
Rental inLome
Restricted funds (Note 8)
PCC Endowments (Nole 9)
4,180
15,850
4,180
15,850
291
3,498
15,275
248
291
2(e) Other
LPOW VAT Grant
Total income:
125,798
99,035
224,833
145,338
17

THE PAROCHIAL CHURCH COUNCIL OF DORKING ST MARTIN
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Endow-
ment
Funds
3. EXPENDITURE
Unrestricted Restricted
Funds
Funds
TOTAL
2024
TOTAL
2023
3(a) Church aclivities
Missionary & charitable:
Home Missions & Other
Ministry: Parish Share
Vicarage
Expenses & Visiting
Church utilities
Church(yard) running
Insurance
Choir, Organists & Music
Office Costs & Admin
Sanctuary
Outreach/Worship/Youth
325
34,777
1.844
325
56,784
6,069
565
67,824
746
1,242
8,623
9,665
9,603
10,353
22,447
418
425
22,007
4,225
9,134
5,551
10,070
9,173
29,242
343
311
100770
9,134
11,757
10,070
9,347
29,593
343
311
133 733
6,206
174
351
3(b) Fund raising costs
Church Magazine
Property expenses
2,278
2,278
2,420
3(c} Other
Fabric Developments
Refund to Friends of funding
66,954
66,954
4,921
Total expenditure
109,329
99,917
2,679 211,925
147,172
18

THE PAROCHIAL CHURCH COUNCIL OF DORKING ST MARTIN
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
4. TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor
for the year ended 31 December 2023.
£nil was paid to trustees for expenses incurred in carrying out their role as trustees (2023: £nil).
During their tern]s of o￿lCe as trustees in 2024, PCC members and their close family in aggregate
donated a total of £17,544 (excluding gift aid) (2023: £14,037).
5. STAFF COSTS
2024
2023
Wages and Salaries
Social security costs
Pension costs
21,530
22,053
446
451
22
2024
2023
Average number of employees
During the year St. Martin's employed a Church Administrator and also a Director of Music until
April 2024, both working part time. St. Mary's was supported part time by a pianist and a cleaner,
for which honoraria were paid. Together these appointments equate to less than one full time
employee. Neither of these people earned £60,000 per annum or more.
The Incumbent, the Churchwardens, the PCC Vice-chaiman and the PCC Treasurer are regarded
as the people in key management positions. Incumbents are paid by the national church at a salary
set and reviewed annually by the Diocese of Guildford. The Churchwardens, PCC Vice-chairnian
and PCC Treasurer are unpaid volunteers. Accordingly, the total remuneration paid to the Key
Management Personnel is £nil (2023: £nil).
19

THE PAROCHIAL CHURCH COUNCIL OF DORKING ST MARTIN
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
6. FIXED ASSETS 2024
6(a) Pro
Investment
From a 2014 bequest: Flat at
64 Hill View, Dorking bought in 2016.
Cost £340,000, revalued in 2023
Legacy Fund
Fair value I st January 2024
Unrealised gains (losses) in Market Value
Fair value 31 st December 2024
Endowment
Funds
380,000
See also notes 9(a) and I l (a).
6(b) Investment Assets
Unrestricted Endowment
Funds
Funds
Market value
st
At l January 2024
V&CW Sale proceeds of 2332 shares
Net gains
At 31" December 2024
105,431
(54,019)
84,047
See a130 1701e 9(a)
All investments are held in the CBF Church of England Investment Fund.
During the year half of the shares in the V&CW General Fund were sold for £54,019 and
the proceeds transferred to the CBF Deposit Fund held in the General Fund current asset
investments.
7. LIABILITIES, DEBTORS AND PREPAYMENTS
2024
2023
Debtors
Gift Aid recoverable
Other debtors
Interest
Prepayments
1,408
100
553
137
1,312
1,807
129
Creditors
Accruals
20

THE PAROCHIAL CHURCH COUNCIL OF DORKING ST MARTIN
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
8. RESTRICTED FUNDS
8(a) Restricted Funds 2024
BIFwd Investment
Jan 1st
In¢ome
Other
Income
Transfers
Out
C/Fwd
Dec31st
Structure/Repair Funds
Dcvelopment
Fabric
Redecoration
Stonework
St. Mary's Fabric
237
22,654
869
693
248
19,736
913
693
66,973
(69,891)
44
55
Other Restricted
Cooper (Choir Courses)
Kneeler
Organ
Vestment
Youth
402
20
422
(7)
(174)
165
3,994
465
206
4,200
465
235
181
Incomc from Endowments
Curate Funds
Mrs Lloyd Bequest
Turvill Bequest
Fabric Fund
1,350
73
648
262
(1,350)
468
4,163
541
4,811
262
V&CW charity grants
Total Restricted Funds
See note 9(a) regarding the treatment of income from Endowment Funds, and note I l{e) for
more infonnation on the grants to the PCC from the separate V&CW charities.
21

THE PAROCHIAL CHURCH COUNCIL OF DORKING ST MARTIN
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
8(b) Restricted Funds 2023
BIFwd Investmenl
Jan 1st
Income
Other
Income
enditure
Transfers
Out
C/Fwd
Dec31 t
Structure/Repair Funds
Development
Fabric
Redecoration
Stonework
St. Mary's Fabric
227
19,602
831
693
10
237
22,654
869
693
12,458
(9,406)
38
48
Other Restricted
Cooper (Choir Courses)
Kneeler
Organ
Vestment
Youth
384
18
402
158
3.819
465
165
3,994
465
175
200
Income from Endowments
Curate Funds
Mrs Lloyd Bequest
Turvill Bequest
Fabric Fund
1,330
72
638
257
(1,330)
396
3,525
468
4,163
257
V&CW charity grants
Total Restricted Funds
22

THE PAROCHIAL CHURCH COUNCIL OF DORKING ST MARTIN
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
9. ENDOWMENT FUNDS
9(a) Endowment
Funds 2024
Curate Related:
Curate Funds
Mrg Lloyd's Bequest
Turvill Bequest
B/Fwd
Jan 1st
Net Income Market Value
C/Fwd
enditure
Ad'ustment Dec 31 st
Investment
Income
48,647
2,622
1,113
60
534
1,707
216
1,923
49,760
2,682
1,350
73
648
2,071
262
2,333
74,597
76,304
Fabric Fund
84,046
85,969
Legacy Fund: noles 6(a), I l(a)
Property
340,000
Revaluation Reserve
40,000
Cash at bank
340,000
40,000
389 336
386 657
The Curate and Fabric Funds derive from legacies, the capital of which is required to be
maintained intact. The income derived from the endowed capital is restricted, being only
available for spending on the Pu￿0$¢(s} specified in the originating Will or Trust Deed. The
investment income from these funds was paid direct to the PCC, and is included in the
Statement of Financial Activities as Restricted Funds (see note 2d). It is available (and is so
used) to help pay parish share (Curate and Mrs Lloyd), meet clergy expenses (Turvill), or
contribut¢ towards Fabric upkeep as appropriat¢.
The Legacy Endowment Fund is an expendable endowment where initial costs of sale or
purchase and any deposit interest have been included within the fund.
9(b) Endnwment
Fiiiids 2023
Ciirate Related:
Curate Funds
Mrs Lloyd's Bequest
Turvill Bequest
B/Fwd
Jan 1st
Net Income Market Value
C/Fwd
enditure
Ad'ustment Dec 31 st
Investment
Income
44,430
2,395
4,217
227
48,647
2,622
1,330
72
638
68,131
6,466
819
7,285
74,597
2,040
257
2,297
Fabric Fund
76,761
84,046
Legacy Fund
Property
Revaluation Reserve
Cash at bank
340,000
340,000
40,000
40,000
349 336
389 336
23

THE PAROCHIAL CHURCH COUNCIL OF DORKtNG ST MARTIN
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
10. PRtOR YEAR STATEMENT OF FINANCIAL ACTIVITIES
Statement of Financial Activities
for the year ended 3151 Deeember 2023
Unrestricted
Funds
Restricted Endowment
Funds
nds
TOTAL
2023
Note
INCOME & ENDOWMENTS:
Donations and Legacies
Church aclivilies
2(a)
2(b)
70,127
6,968
5,575
18,773
199
29,413
99,540
6,968
5,805
21,318
Other trading aclivities
Investments
230
2(d)
2,545
Other
101642
145 338
EXPENDITURE ON:
Church aclivities
(100,722) (31,189)
(7,968)
(131,911)
(7,968)
Raisingfunds
Other
3(b)
108690
147 172
Net income / (expenditure)
before investment gains
Gains (Losses) on
investment assets
(7,048)
5,214
(1,834)
Net movement in funds
2,091
5,214
47,285
54,590
RECONCILIATION OF FUNDS
Total Funds blfwd I, January
121,566
40,320
426,097
587,983
Totsl Funds c/fwd 31" December
24

THE PAROCHIAL CHURCH COUNCIL OF DORKING ST MARTIN
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
11. OTHER DISCLOSURES
11(a) Legacy Endowment Fund
The proceeds from the sale of the propety bequeathed to the PCC (see the accounts for 2014)
were used to purchase a buy-to-let flat in Dorking.
11(b) Local Authority Grants received
The PCC receives an annual grant awarded for a three-year period in respect of the closed
hurchyard. This amounted to £3,100 in 2024 (2023: £3,100).
I l{c) Other Grant Income- Friends of St Martin's Church
The Friends of St Martin's Church Dorking (Registered Charity 283966) provided funds
totalling £55,814 in 2024 for the project to replace the failed and failing boiler instsllation.
Following a successful application for VAT grants under the Listed Places of Worship
scheme for this project and the previous lighting replacement, a refund of £11,159 was paid to
the Friends in 2024. A similar refund of £11,707 was paid in 2023 for the lighting project.
11(d) Independent Examiner fees-
The Independent Examiner fees including VAT in respect of the Independent Examination in
2024 were £3,200 (2023: £2.442). No other services were provided (2023: £nil).
11(e) V&CW charities
Charity
Reg. Number
Sunday School
1002099
Grant to
PCC in 2024
Net Assets at
31 Dec 2024
Investment
Income 2024
Use
Education & Youth
Sunday school and
baptism related costs
Clergy Stipend Costs
Contributes towards
the cost of parish share
£335
£70,068
£3,571
Chichester
Bequest-
West Lodge
Fund311976
£4,657
£76,181
£4.656
Spratley Trust
205917
Church and
Churchyard
Maintenance
£3,000
£101,026
£2,762
George White
258992
Clergy Expenses
Also contributes
towards the cost of
parish share
£20,240
£234,451
£12,565
Total of Grants
£28,232
The Canon E A Chichester's Bequest also includes a parcel of land south of West Street,
partly used as a playground for the Dorking Nursery School, and also houses two scout
premises.
OoOoOoO
25