# The Parochial Church Council of the Ecclesiastical Parish of Horley (also known as Horley PCC ) # ANNUAL REPORT AND FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL for the year ended 31 December 2023 CONTENTS Reference and Administrative Information Annual Report of the Parochial Church Council 2-5 Statement of Trustees’ Responsibilities Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9-16 Report of the Independent Examiner 17 ## REFERENCE AND ADMINISTRATIVE DETAILS Registered Name – The Parochial Church Council of the Ecclesiastical Parish of Horley Registered number – 1133737 ## Parish address The Parish Office St Bartholomew’s Church Church Road Horley ## Tel: 01293 782218 ## Clergy Team Rector – Rev Canon Les Wells 4 Russells Crescent Horley Team Vicar – Rev Naomi Ngururi St Wilfrid’s Vicarage Horley Row Horley Curate – Rev Sue Bosley (until February 2024) St Francis Vicarage Balcombe Road Horley Curate – Rev Kerry Evans (from February 2024) ## Lay staff Clergy PA Sue Middleton Independent Examiner Janice Roberts FCCA 3 Yew Tree Court Yew Tree Close Horley Banker Lloyds TSB Horley Branch High Street Horley 1 ANNUAL REPORT FOR 2023 ## STRUCTURE, GOVERNANCE AND MANAGEMENT ## Background Horley Parochial Church Council (PCC) has the responsibility of co-operating with the clergy in promoting the whole mission of the Church of Christ within the ecclesiastical parish of Horley. The PCC is also responsible for the maintenance of our buildings, which include the historic church of St Bartholomew’s, St Wilfrid’s Church, St Francis Church (‘the Churches’) and the vicarages for St Wilfrid’s and St Francis. The Team Rectory is classed as Parsonage Housing by the Diocese of Southwark. Each of the churches has its own District Church Council (DCC) which has delegated authority from the PCC for the running of their respective church. Income and expenditure which relates to the individual churches is controlled by the DCCs. Central parish expenditure is financed by a contribution from each church. Members of the PCC are elected by the individual churches at the annual church meetings and ratified at the Annual Parochial Church Meeting (APCM). PCC membership following the APCM 2023 Ex Officio Members Rev Canon Leslie Wells – Team Rector Rev Naomi Ngururi – Team Vicar Rev Sue Bosley – Curate (resigned January 2024) Rev Kerry Evans – Curate (appointed June 2023) Mandy Hill – Parish Warden – St Barts Dirk Douglas – Parish Warden – St Barts Neil Painter – Parish Warden - St Wilfrids Cathy Mowatt – Parish Warden – St Wilfrid’s Lester Sonden – Parish Warden – St Francis (resigned 24 April 2023) Philip Wright – Parish Warden – St Francis (appointed 24 April 2023) Penny Lochead – Reader and Deanery Synod Tim Hill – Reader (appointed 24 April 2023) Dorothy Lupinda – Southwark Pastoral Auxiliary (appointed 24 April 2023) Scott Coe – PCC Treasurer ## Elected Members Guido Guanzetti – St Barts (resigned 24 April 2023) Gavin Lambert – St Barts (resigned 24 April 2023) Mark Quinn – St Barts (appointed 24 April 2023) Sue Lunn – St Barts, Deanery Synod (resigned 29 April 2024) Anna Coe – St Barts, Deanery Synod (appointed 29 April 2024) Mandy Hill – St Barts, Deanery Synod Roger Kidd – St Francis Jon Digby – St Wilfrids (appointed 24 April 2023) Maria Digby – St Wilfrids (appointed 24 April 2023) Lorna Meech – St Wilfrids, Deanery Synod Sally Horder – St Wilfrids, Deanery Synod (resigned 24 April 2023) Heather Bulman – St Francis (appointed 24 April 2023) 2 ## ANNUAL REPORT FOR 2023 ## Membership Members of the PCC, who are also Trustees for the purpose of charity law, are either elected by each of the three churches at their respective annual meetings and confirmed by the Annual Parochial Church Meeting in accordance with the Church Representation Rules, or serve as ex officio members. The PCC can also exercise its right to invite coopted members as it deems fit. The training of new PCC members is on-going and information is cascaded to them from the Diocese, the Deanery, the Clergy, the Churchwardens and Treasurer as appropriate. ## Committees The PCC operates through three committees that report to the main meeting from time to time. ## Standing Committee This is the only committee required by law. It exists to transact the business of the PCC between meetings and may form the agenda for meetings of the PCC. ## Treasury Committee This is comprised of the Team Rector, the PCC Treasurer and the Treasurer of each of the Churches. It exists to oversee the finances of the parish as a whole and meets as necessary. Between meetings, there is email communication between the members of this committee. ## Churchyard Committee This comprises several members co-opted by the PCC, together with two Horley Town Councillors. It oversees the maintenance of the churchyard on Church Road. Reports are made to the PCC by its co-opted members. The Town Councillors report to the Local Authority which provides the PCC with a grant for the maintenance of the Churchyards. ## OBJECTIVES AND ACTIVITIES As a Parish within the Church of England's Diocese of Southwark, the Churches exist for the benefit of its wider community as well as for those who form part of its week-by-week worshipping community. One of our key objectives is to serve Horley with the love of Christ. Throughout the week we seek to serve the town in which we are based by using the gifts and talents of the clergy, staff and lay members of the churches. Through a wide variety of activities and services - both on Sundays and throughout the week - the church seeks to share the life and transforming love of God in word and in action, bringing to this task the numerous gifts and talents of a very significant number of lay people as well as the clergy and staff team. The PCC ensures that decisions are in line with Church of England requirements which in turn take account of the guidance on public benefit published by the Charities Commission. ## ACHIEVEMENTS AND PERFORMANCE The character and style of the services that are held on Sundays and during the week reflect the diverse needs and worship styles of the congregations in the churches. Services include traditional BCP, Taize, Common Worship, Evensong and informal services. At the APCM on 29 April 2024 there were 247 names on the roll (2023: 237). 3 ## ANNUAL REPORT FOR 2023 (continued) ## PCC activities The PCC has met 4 times since the 2023 APCM and meetings took place at St Bartholomew’s Church with Zoom links for those unable to attend in person. Among other matters, the following areas were the focus of meetings during the past year: - St. Bart’s Spire and Roof repair Lester Sonden was appointed Project Manager in October 2020. St. Bart’s received faculty approval in 2021 and contracted with Clarke Roofing to commence Phase 1 (Spire renovation) in Spring 2022 as sufficient funding was in place. This project is now complete and so attention has now been turned to the main roof, specifically the nails. We are grateful to the following benefactors for their financial support given during the project: Marshalls, the All Churches Trust, Cornerstone, Lowes Financial Management Services, Rotary of Horley and Tesco. - Maintenance work at St. Francis Various redecoration works were undertaken during the year. - Maintenance work at St. Wilfrid’s - This year works included decorating of the East Elevation, installation of new lights outside the vestry, new front and rear doors to the vicarage and repairs to the church floor. A faculty is currently being sought for the roof. - Parish Rooms Fund During the year the PCC resolved to ask the Charity Commission permission for them to release this endowment fund which had arisen from the sale, in 1985, of the former Parish Rooms in Albert Road, Horley and which had originally been intended for use in constructing permanent new Parish Rooms on the site of St Bartholomew’s Church. Subsequently, some rooms were constructed within the church building to be used on a temporary basis as Parish Rooms with more permanent rooms being constructed at a later date. However, owing to the impossibility of securing the required planning permission to proceed with this project, this project cannot now go ahead and so the PCC decided it should be released and re-deployed for use on building works throughout the Parish as this was deemed similar in character. We are still awaiting permission from the Charity Commission. This fund had originally been shown as a restricted fund rather than an endowment fund, so the comparative figures for 2021 now reflect the revised status of this fund. - Youth group A parish youth group for young people in school years 7 and upwards is run by Tim Hill and Sue Bosley until February 2024. The group meets at St Bart's Church on a Friday evening during term time. ## Major activities in the parish All three churches were fully open during 2023, offering Sunday services and other meetings. In addition, there were some fundraising activities held during 2023 in aid of the St Wilfrid’s Roof fund, including concerts by local musicians and comedians. ## Youth and children’s work This continues to be a major focus of the parish and includes mums and toddler groups, youth meetings, as well as our various Sunday Schools. A church school, Trinity Oaks, opened in September 2014 and the PCC now has three Foundation Governors elected by the PCC. 4 ## ANNUAL REPORT FOR 2023 (continued) ## Evangelism In the past this has included Alpha, Christianity Explored and Emmaus which are run on a periodic basis. ## Pastoral Care Pastoral care is part of the work of the clergy, plus the SPA and members of the church pastoral team. Clergy and pastoral teams go into local residential homes to conduct services and bed side visits. ## Community In the past, working with Churches for Horley, the parish contributes to Horley Food Bank. There are Welcare reps in each church and Toy Services are held each Christmas as well as contributing to the Samaritan’s Purse shoebox appeal and to the Romanian Aid Foundation. The halls at both St Francis and St Wilfrid’s are rented to community groups such as Playgroups, Guides and exercise classes. Harvest parcels are distributed from St Francis to Crawley Open House. ## FINANCIAL REVIEW OF THE YEAR For 2023 the parish financial statements have been prepared in accordance with the FRS102 SORP. Financial highlights include: - Total income decreased by £650 (0.2%) to £274,870 (2022 restated: £275,520). General unrestricted income increased by £1,953 (15.6%) to £10,569 (2022: £12,522) and income in designated combined funds decreased by £18,957 (9.9%) to £172,868 (2022 restated: £191,825); - Total expenditure decreased by £189,515 (44.9%) to £232,164 (2022: £421,679), as the Spire and Tower repair works were completed; - Total restricted income funds stood at £148,343 at 31 December 2023 (2022 restated: £57,577). ## Missionary and charitable giving It is PCC policy to give 10% of our income after deducting amounts collected on behalf of other organisations. Each church decides on the organisations which it wishes to support in this way. ## Reserves Policy It is PCC policy to maintain a balance on unrestricted funds (if possible), sufficient to cover emergency situations that may arise from time to time. The closing balance of £172,391 (PCC General plus Designated Combined excluding the vicarages) on unrestricted funds represents approximately 11.9 months of unrestricted payments at current operating levels (2022 restated: £153,508 representing 10.1 months). ## Risk Policy The PCC has considered the major risks to which the church is exposed including safeguarding children and vulnerable adults (in which regard the PCC follows the Diocese of Southwark Safeguarding procedures in full and has experienced safeguarding officers to assist it), disability discrimination, health and safety and fire protection. We continue to ensure that we meet GDPR requirements. ## FUTURE PLANS The work of the parish will continue as we seek the counsel of the Holy Spirit. The St Wilfrid’s roof project is awaiting approval and investigative work has begun into replacing the boilers at St Bartholomew’s and St Francis. Our curate, Rev Sue Bosley was appointed to the Parish of Oxted and Warlingham in 2024 and Rev Kerry Evans took up the Horley curacy. 5 The Trustees lthe PCCI a* wns{l￿e kn prEparfngthe trLtstees report aftd the fina￿al ststements in accoTdafKe wllh applicable la* and United Kingdom A¢counting Stsndards (United Kingdom Generdty Accepted Accourting Practice). Charfty law w1u1￿$theTn￿ees (the PCQ to prepa￿ fin￿[al statements forexh financlal yeaTwthKh give a bwe and lairviewofthe ststs ofaftai￿OftheCh01ityaltheYearendaThd olits W￿rningre50￿rte$a0d Asou￿0$￿%pend0d duringthatyeai. In pwaring those financbal statem￿ty theTrustees ale ￿Ulled to. Selectsuitable accountlng policie5 andthen aprty them Con￿518n￿. Makejudgements and estimates that art reasonable and prudenL State*ffietherappllcatleac¢C￿nl5nI$ta1o¥rd$a*Kl statementsof rtcommended pr8(Ilceh8¥ebeen ft>lhy*ed sublectto anyt1epartures dls¢losed and explained Inthe finandal statements,. and Prepats the flnancld ststements on the ￿10￿ ¢onc*rn basls unless li Is Inapproprfate to presume that the Ch￿￿111 contlnue In buslnes& The Trustee5 are Trsponslble for keeplng pnwaxountIngreco￿$Wh￿h dtsclose wbth Nsonablo accuraq at any time the financial posrbon of the chaiity and enable them to ensure that the finantial ststements ￿Mpty wrth the Chafftles Act 2011. are also respon51ble for 5afeguardlng the a55ets of the d*rlty and hence for tsklng feasmable 5tepsforthe prvmtlon detection of and otheflrt¢ulèfftie On behalf olthe PCC rf. A/a R•vC•nthryl IYelts- T8￿Rert Date: 3June 2024 ## HORLEY PAROCHIAL CHURCH COUNCIL ## STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2023 |Note
INCOME FROM
Donations and legacies
2a
Charitable activities
2b
Other trading activities
2c
Investments
2d
Other
2e
TOTAL
EXPENDITURE ON
Raising funds
3a
Charitable activities
3b
Other
3c
TOTAL
Gains/(losses) on investment assets
NET INCOME(EXPENDITURE)
Transfers between funds
OTHER RECOGNISED GAINS/(LOSSES)
Gains/(losses) on revaluation of fixed assets
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS
Total funds brought forward as originally stated
Prior year adjustment
Total funds brought forward as restated
Total funds carried forward|2023
2022 restated
General PCC
Designated
Combined
Income
Endowment
TOTAL FUNDS
General PCC
Designated
Combined
Income
Endowment
TOTAL FUNDS
£
£
£
£
£
£
£
£
£
£
10,504
125,743
89,049
-
225,296
12,470
141,751
67,293
-
221,514
-
43,998
1,983
-
45,981
-
49,157
3,480
-
52,637
-
1,350
-
-
1,350
-
150
-
-
150
65
2,027
401
-
2,493
52
767
400
-
1,219
-
(250)
-
-
(250)
-
-
-
-
-
Unrestricted
Restricted
Unrestricted
Restricted| |---|---| ||10,569
172,868
91,433
-
274,870
12,522
191,825
71,173
-
275,520| ||-
-
-
-
-
-
-
-
-
-
13,013
150,644
58,342
-
221,999
11,879
153,741
239,058
-
404,678
-
10,165
-
-
10,165
-
17,001
-
-
17,001| ||13,013
160,809
58,342
-
232,164
11,879
170,742
239,058
-
421,679| ||-
-
1,930
-
1,930
-
-
(457)
665
208| ||(2,444)
12,059
35,021
-
44,636
643
21,083
(168,342)
665
(145,951)| ||18,579
(9,311)
55,785
(65,053)
-
-
(691)
691
-
-
-
(55,000)
-
-
(55,000)
-
55,000
-
-
55,000| ||16,135
(52,252)
90,806
(65,053)
(10,364)
643
75,392
(167,651)
665
(90,951)| ||(19,868)
1,579,431
50,577
65,053
1,675,193
(20,511)
1,502,984
225,228
64,388
1,772,089
-
(1,055)
7,000
-
5,945
-
-
-
-
-| ||(19,868)
1,578,376
57,577
65,053
1,681,138
(20,511)
1,502,984
225,228
64,388
1,772,089| ||(3,733)
1,526,124
148,383
-
1,670,774
(19,868)
1,578,376
57,577
65,053
1,681,138| 7 HORiEYPAROCH14LCHURCH COUIICIL BALANCE SHEEfas•t31 D¢cornt￿2023 2023 YOTALPJNDS 2022 TOTAL ￿Ststsd Vlcarnges Longtemi investmerrts In R&S DCT A/cs TOTAL FUED ASSErs 1850.000 56.621 L40Q621 1,405,1)00 54,692 1,459,692 CURRENfASSÉTS Stock Debtors Shorttemi tyslts Cash at bank and in hand TOTALCURRENfASSErs 800 19,660 800 84,855 1,425 234,256 321,336 254,580 276,457 ILmu' cREDI￿R&. AMOUNtS FAWNG DUE WIIHIN ONEVEAR (12304) (99,8901 NEfcuRRENfASSEts 264,153 221,446 NEfASSErs 1,670,774 1,681,138 PARISH FUNDS Unrestrf¢tsd un￿strICted Deslgnated Rest￿cted Income Restrfcted Endowment TOTAL FUNDS 13,733 1,526,124 148J83 119,8681 1.578.376 57,577 65.053 1.681.138 1,670,774 Approved bythe Pan>chlal Coyndl on 3Jthie 2024 and ￿zned on thelrbehalf br. RevCanonL Welts. TeamRecior Scoe. PCCTmasumr HORLEY PAROCHIAL CHURCH COUNCIL ## NOTES TO THE FINANCIAL ACTIVITIES for the year ended 31 December 2023 ## 1. ACCOUNTING POLICIES The Parochial Church Council of the Ecclesiastical Parish of Horley (also known as the Horley Parochial Church Council) is a charity registered in England and Wales (charity no. 1133767). Its principal address of business is: The Parish Office, St Bartholomew's Church, Church Road, Horley RH6 8AB. The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: ## Basis of preparation The financial statements have been prepared in accordance with the Church Accounting Regulations 2006, the Charities Act 2011, Financial Reporting Standard 102 (FRS102) and the Charities' Statement of Recommended Practice, Accounting and Reporting by Charities , issued in 2016 and updated in 2019 (Charities SORP (FRS102)). The charity meets the definition of a public benefit entity under FRS102. The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value, and vicarages which are shown at fair value. 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. The financial statements have been presented in pounds sterling, rounded to the nearest £1. ## Going concern The trustees consider that there are no material uncertainties about the PCC's ability to continue as a going concern. ## Funds The unrestricted general fund may be used at the discretion of the PCC. The unrestricted designated funds comprise the unrestricted general funds for the three churches and other funds held for specific purposes as described in note 10 below. Restricted Income funds comprise those for which the Rochester and Southwark Diocesan Church Trust acts as trustee or are held for other non-discretionary purposes. Endowment funds comprise trusts given to the parish to provide income for its needs, but whose capital cannot normally be used. ## Income Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the income to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due and it is probable that they will be received. Dividends and interest are accounted for when receivable. All other income is recognised when it is probable that it will be received. All income is accounted for gross. The churches depend on the services of volunteers for many of their activities. The PCC does not account for services donated by volunteers as their fair value cannot be measured reliably. 9 HORLEY PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL ACTIVITIES for the year ended 31 December 2023 ## 1. ACCOUNTING POLICIES (continued) ## Expenditure All expenditure is accounted for when there is a binding or constructive obligation on the PCC. The primary purpose of the churches is not grant making. Monies given to individuals and other Christian organisations are not considered as grants. The diocesan parish share is accounted for when due. All other expenditure is recognised when it is incurred and is accounted for gross. ## Fixed assets Consecrated and benefice property is not included in the accounts in accordance with the Charities Act 2011. Such property is held for the purposes of housing clergy. Therefore, even when parish clergy are not resident and rental income is obtained, the vicarages are not considered as investment properties. They are held in a separate fund and rentals during vacancies will be used for repairs. The vicarages were revalued last year at fair value by an estate agent, and were revalued this year by the trustees using readily available market data via the Nationwide House Price Index. No value is placed on moveable church furnishings held by the churchwardens on a special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated benefice buildings and moveable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA. ## Investments Fixed asset investments represent grave trusts and the net proceeds from the sale of Albert Rooms. They are valued at market value as supplied by the Rochester and Southwark Diocesan Trust. Short term deposits are placed with the Church Board of Finance and are available on demand. They are valued at the original deposit plus accrued interest less withdrawals. Realised gains and losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31 December. The Statement of Financial Activities includes the net gains and losses on revaluations and disposals throughout the year and are shown as a component of net income. ## Stocks These represent a notional value of oil held in the tanks at St Bartholomew's. ## Debtors and Creditors Debtors are measured at the amount receivable less impairment. Creditors are recognised when the parish incurs a binding obligation and they are measured at amortised cost. ## Financial Instruments The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 10 ## HORLEY PAROCHIAL CHURCH COUNCIL ## NOTES TO THE FINANCIAL ACTIVITIES for the year ended 31 December 2023 |2 INCOME AND ENDOWMENTS FROM
Note
2a
Donations and legacies
Bank transfer/envelopes
Income tax recovered
CAF giving/other giving
Cash and cheque collections
Grants
Legacies
Other donations
2b
Charitable activities
Fees from Weddings and Funerals
Church hall lettings
Fundraising events
2c
Other trading activities
St Bart's Church rent
2d
Investments
Dividend/interest
2e
Other
Insurance claims
TOTAL|2023
2022
General PCC
Designated
Combined
Income
Endowment
TOTAL FUNDS
General PCC
Designated
Combined
Income
Endowment
TOTAL FUNDS
£
£
£
£
£
£
£
£
£
£
7,900
93,143
66,054
-
167,097
10,646
90,778
5,381
-
106,805
2,604
17,961
5,590
-
26,155
954
35,601
594
-
37,149
-
4,285
4,050
-
8,335
-
4,905
-
-
4,905
-
5,924
5,064
-
10,988
-
6,285
16,290
-
22,575
-
16
7,450
-
7,466
850
500
43,763
-
45,113
-
-
-
-
-
-
-
-
-
-
-
4,414
841
-
5,255
20
3,682
1,265
-
4,967
Unrestricted
Restricted
Unrestricted
Restricted| |---|---| ||10,504
125,743
89,049
-
225,296
12,470
141,751
67,293
-
221,514| ||-
12,524
1,269
-
13,793
-
15,397
1,116
-
16,513
-
31,474
-
-
31,474
-
33,760
-
-
33,760
-
-
714
-
714
-
-
2,364
-
2,364| ||-
43,998
1,983
-
45,981
-
49,157
3,480
-
52,637| ||-
1,350
-
-
1,350
-
150
-
-
150| ||-
1,350
-
-
1,350
-
150
-
-
150| ||65
2,027
401
-
2,493
52
767
400
-
1,219| ||65
2,027
401
-
2,493
52
767
400
-
1,219| ||-
(250)
-
-
(250)
-
-
-
-
-| ||-
(250)
-
-
(250)
-
-
-
-
-| ||| ||10,569
172,868
91,433
-
274,870
12,522
191,825
71,173
-
275,520| 11 ## HORLEY PAROCHIAL CHURCH COUNCIL ## NOTES TO THE FINANCIAL ACTIVITIES for the year ended 31 December 2023 |3 EXPENDITURE ON
Note
3a
Raising funds
Events
3b
Charitable activities
Diocesan PSF
Diocese fees
Clergy/readers/staff expenses
Youthwork/children's ministry
Outreach Projects
Church running expenses
Church maintenance
Vicarages running costs
Vicarages maintenance
Sundries
Upkeep of churchyard
Church halls maintenance and running costs
Staff salaries
Evangelism
Musicians/vergers fees
Income from churches
Printing/ stationery/office costs/publicity/fund raising
3c
Other
Missionary/charitable giving
TOTAL|2023
2022
General PCC
Designated
Combined
Income
Endowment
TOTAL FUNDS
General PCC
Designated
Combined
Income
Endowment
TOTAL FUNDS
-
-
-
-
-
-
-
-
-
-
Unrestricted
Restricted
Unrestricted
Restricted| |---|---| ||-
-
-
-
-
-
-
-
-
-| ||-
67,984
-
-
67,984
-
66,509
-
-
66,509
-
4,542
-
-
4,542
-
7,910
-
-
7,910
4,969
109
-
-
5,078
6,196
-
-
-
6,196
-
-
-
-
-
-
-
-
-
-
577
1,012
2,359
-
3,948
1,205
1,217
932
-
3,354
-
16,797
3,513
-
20,310
-
18,064
-
-
18,064
1,246
9,730
44,804
-
55,780
166
15,103
226,993
-
242,262
9,963
-
-
-
9,963
9,416
-
-
-
9,416
-
3,543
-
-
3,543
-
2,216
-
-
2,216
1,276
994
-
-
2,270
920
685
-
-
1,605
-
-
7,366
-
7,366
-
-
11,033
-
11,033
-
17,978
-
-
17,978
-
14,830
-
-
14,830
13,390
-
-
-
13,390
12,388
-
-
-
12,388
-
-
-
-
-
-
-
-
-
-
2,367
2,137
300
-
4,804
659
3,209
100
-
3,968
(25,818)
25,818
-
-
-
(23,998)
23,998
-
-
-
5,043
-
-
-
5,043
4,927
-
-
-
4,927| ||13,013
150,644
58,342
-
221,999
11,879
153,741
239,058
-
404,678| ||-
10,165
-
-
10,165
-
17,001
-
-
17,001| ||-
10,165
-
-
10,165
-
17,001
-
-
17,001| ||| ||13,013
160,809
58,342
-
232,164
11,879
170,742
239,058
-
421,679| 12 HORLEY PAROCHIAL CHURCH COUNCIL ## NOTES TO THE FINANCIAL ACTIVITIES for the year ended 31 December 2023 |5 FIXED ASSETS
Opening balance at 1 January
Revaluation
Closing balance at 31 December
Investments comprise Church Board of Finance Deposit Funds
6 STOCK
Fuel oil stock has been estimated at £800 and included in unrestricted designated funds
7 DEBTORS
Sundry debtors
Income tax recoverable
Total
8 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accruals and deferred income
Short-term loans from individuals
Total|Vicarages Listed investments
Total
£
£
£
1,405,000
54,692
1,459,692
(55,000)
1,929
(53,071)|Vicarages Listed investments
Total
£
£
£
1,405,000
54,692
1,459,692
(55,000)
1,929
(53,071)| |---|---|---| ||1,350,000
56,621|
1,406,621| ||2023
TOTAL FUNDS
£
-
19,660
19,660
2023
TOTAL FUNDS
£
12,304
-
12,304|2022
TOTAL FUNDS
£
68,973
15,882| |||84,855| |||2022
TOTAL FUNDS
£
59,890
40,000| |||99,890| 13 ## HORLEY PAROCHIAL CHURCH COUNCIL ## NOTES TO THE FINANCIAL ACTIVITIES for the year ended 31 December 2023 |9 NET ASSETS BY FUND
2023
Fixed Assets
Endowments
Net current assets/(liabilities)
Fund balances
2022
Fixed Assets
Endowments
Net current assets/(liabilities)
Fund balances
10 FUND DETAILS
Designated combined funds include:
2023
Balance at 1 January
Prior year adjustment
Income
Expenditure
Transfers
Investment (losses)/gains
Balance at 31 December
2022
Balance at 1 January
Income
Expenditure
Transfers
Investment (losses)/gains
Balance at 31 December|General PCC
Designated
Combined
Income
Endowment
TOTAL FUNDS
£
£
£
£
£
-
1,350,000
56,621
-
1,406,621
-
-
-
13,545
13,545
(3,733)
176,124
91,762
(13,545)
250,608
(3,733)
1,526,124
148,383
-
1,670,774
-
1,405,000
54,692
-
1,459,692
-
-
-
13,545
13,545
(19,868)
173,376
2,885
51,508
207,901
(19,868)
1,578,376
57,577
65,053
1,681,138
St Barts
St Wilfrids
St Francis
Tower
Organ
Fabric
Vicarages Capital
Vicarages Repair
Other designated
Total
£
£
£
£
£
£
£
£
£
£
3,726
74,609
83,310
4,278
5,459
2,441
1,405,000
416
192
1,579,431
-
-
(1,055)
-
-
-
-
-
-
(1,055)
76,972
44,116
51,712
-
68
-
-
-
-
172,868
(73,837)
(31,128)
(52,301)
-
-
-
-
(3,543)
-
(160,809)
-
-
-
(4,278)
(5,527)
(2,441)
-
3,127
(192)
(9,311)
-
-
-
-
-
-
(55,000)
-
-
(55,000)
Unrestricted
Restricted|General PCC
Designated
Combined
Income
Endowment
TOTAL FUNDS
£
£
£
£
£
-
1,350,000
56,621
-
1,406,621
-
-
-
13,545
13,545
(3,733)
176,124
91,762
(13,545)
250,608
Unrestricted
Restricted| |---|---|---| |||(3,733)
1,526,124
148,383
-
1,670,774| |||-
1,405,000
54,692
-
1,459,692
-
-
-
13,545
13,545
(19,868)
173,376
2,885
51,508
207,901| |||(19,868)
1,578,376
57,577
65,053
1,681,138| ||6,861
87,597
81,666
-
-
-
1,350,000
-
-
1,526,124|| ||9,371
66,139
62,272
4,278
5,659
2,441
1,350,000
2,632
192
1,502,984
80,509
42,609
68,587
-
120
-
-
-
-
191,825
(85,463)
(34,139)
(48,604)
-
(320)
-
-
(2,216)
-
(170,742)
(691)
-
-
-
-
-
-
-
-
(691)
-
-
-
-
-
-
55,000
-
-
55,000|| ||3,726
74,609
82,255
4,278
5,459
2,441
1,405,000
416
192
1,578,376|| 14 ## HORLEY PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL ACTIVITIES for the year ended 31 December 2023 ## 10 FUND DETAILS (continued) Restricted income funds include: |2023
Balance at 1 January as previously stated
Prior year adjustment
Balance at 1 January as restated
Income
Expenditure
Transfers
Investment (losses)/gains
Balance at 31 December
2022
Balance at 1 January as restated
Income
Expenditure
Transfers
Investment (losses)/gains
Balance at 31 December|Crypto
Other gifts
St Francis
Organ Fund
St Francis
Evangelism
Fund
St Bart's
Boiler
St Bart's
Spire/Roof
St Bart's
Tower/Spire
Phase 2
St Bart's
Puppets
Sabbatical
gift St Bart's WNS
St Bart's
Other
Churchyard
St Wilfrids Roof
Fund
St Bart's
Equipment Grant
Fuel grant
£
£
£
£
£
£
£
£
£
£
£
£
3,298
-
-
-
18,429
5,450
-
535
-
71
3,693
2,471
7,788
1,939
3,513
-
-
4,000
3,000
-
-
-
-
-
-
-
-
-
-
-| |---|---| ||3,298
-
4,000
3,000
18,429
5,450
-
535
-
71
3,693
2,471
7,788
1,939
3,513
-
414
-
-
20,000
58,734
-
-
1,809
-
300
8,420
659
-
-
-
-
-
-
-
(44,804)
-
-
(1,809)
-
(300)
(7,366)
-
-
(3,513)
-
-
-
-
-
21,447
-
(535)
-
-
-
-
17,169
-
-
-
-
-
-
-
548
-
-
-
-
-
286
548
-
-| ||3,298
414
4,000
3,000
38,429
41,375
-
-
-
71
3,693
3,811
26,164
1,939
-| ||3,298
-
4,000
3,000
18,429
136,528
40,000
535
-
71
3,102
4,861
6,688
1,939
-
-
-
-
-
-
55,915
-
-
-
-
-
9,100
1,100
-
3,513
-
-
-
-
-
(226,993)
-
-
-
-
(100)
(11,033)
-
-
-
-
-
-
-
-
40,000
(40,000)
-
-
-
691
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(457)
-
-
-| ||3,298
-
4,000
3,000
18,429
5,450
-
535
-
71
3,693
2,471
7,788
1,939
3,513| Purposes of funds: Crypto Fund: this represents funds held in Church of England listed investments. Other gifts: this included monies given as a leaving gift to a departing member of the clergy in 2024. St Francis Organ Fund: this represents monies given by a legacy for the purpose of revamping the organ at St Francis church. It had not been recognised separately and so the prior year adjustment is to correct this (see note 12). St Francis Evangelism Fund: this represents monies given by a legacy for the purpose of evangelistic expenditure at St Francis church. It had not been recognised separately and so the prior year adjustment is to correct this (see note 12). St Bart's Boiler Fund: these represent donations over many years towards replacement boilers for St Barts. St Bart's Tower/Spire Fund Phase 1: this comprises donations specifically towards the first phase of the urgent repair work required for the tower, roof and spire of St Barts. St Bart's Tower/Spire Fund Phase 2: this comprises donations specifically towards the second phase of the urgent repair work required for the tower, roof and spire of St Barts. During the previous year the individual who had donated towards this Phase requested it be moved to Phase 1 in order to ensure Pha completed. St Bart's Puppets Fund: these represent donations given towards the Puppets ministry at St Barts. Monies were transferred to the Youth Camp during the year as agreed by the original donors. Sabbatical gift: these were monies collected for a gift towards the Team Rector in advance of a three-month sabbatical taken during the year. St Bart's WNS (Winter Night Shelter): this represented donations given towards the Winter Night Shelter, a project run by a local charity, Renewed Hope, specifically for light and heat incurred in using St Bart's as one of the host locations. It was agreed to transfer this money in 2024 to St Wilfrid's as they bec Shelter host in this year. St Bart's Other: these represent various other smaller appeals which are immaterial in size and have therefore been grouped together. Churchyard Fund: this consisted of local Council grants given for the purpose of maintaining St Bart's churchyard and graveyard. St Wilfrid's Roof Fund: this represented the balance of grants and donations used for the replacement of the heating system of St Wilfrid's Church in 2020 towards roof replacement, as agreed with the grantors. The prior year adjustment was made to reallocate these restricted grants and the cost of the heati originally recognised in St Wilf's Designated Combined Funds in error. St Bart's Equipment grant: these represent donations given towards the PA and sound equipment at St Bart's purchased in 2020. Fuel grant: in 2022 a grant was given by the Diocese to help the Parish meet light and heat costs. This was fully expended in 2023. St Francis Building Fund: this comprises one-third of the proceeds in the Albert Rooms Fund that had been released during the year as described below. PCC Other: these represent various other smaller appeals which are immaterial in size and have therefore been grouped together. ## Endowment funds include: |2023
Balance at 1 January
Income
Expenditure
Transfers
Investment (losses)/gains
Balance at 31 December
2022
Balance at 1 January
Income
Expenditure
Investment (losses)/gains
Balance at 31 December
15|Sampson
Parish Hall
Total
£
£
£
13,545
51,508
65,053
-
-
-
-
-
-
(13,545)
(51,508)
(65,053)
-
-
-| |---|---| ||-
-
-| ||Sampson
Parish Hall
Total
£
£
£
13,545
50,843
64,388
-
-
-
-
-
-
-
665
665| ||13,545
51,508
65,053| ## HORLEY PAROCHIAL CHURCH COUNCIL ## NOTES TO THE FINANCIAL ACTIVITIES for the year ended 31 December 2023 ## 11 RELATED PARTY TRANSACTIONS Other than expenses reimbursed to trustees as set out in notes 3 and 4, there were no related party disclosures which required disclosure. Donations from Trustees did not have conditions attached which would have required the PCC to significantly alter the nature of the Parish's activities. ## 12 PRIOR YEAR ADJUSTMENT Restricted donations totalling £7,000 had been previously recognised in St Francis Designated Fund. These related to the St Francis Organ Fund (£4,000) and St Francis Evangelical Fund (£3,000). As such, a prior year adjustment was made to correct this error in identification. 16 I reportto thetrnstees on myexamlnation of the accounts ofHorteyPCC (theTrysO forthe >tarended 31 Decembev 2023. R•wMlblllU•s Ind batholiipwt Asthe chaiitytrustees oftheTNstyou are responstblefoithe p￿paratIon ofthe accountsln acCO￿anCeWith the TequIreMer￿Ofthe Charities Act 2011 IlheAct'l. I report in re$peL* Irf my exafflinaliofi ol the T￿st'S accounts ¢anied out undef section 145 of the 2011 Act and in carying out my examination I have followed all the applicable DirectionsEl￿n bythe Chanty Commission undersection 1495llbl of theAcL The chaFfjtys grossincome exceeded £250,000 and l arn quallfied to undertake the examlnation by belnga quallfled memberofthe Assoclation ofcbarte￿d Certified Ac￿U￿￿nts. I have completed myexafflination. I Corf1￿ that no materfal mattets Con￿ to nry attentlon In connection the examination whlch glve5 me cause to believe that In any material ￿$pert l. accounting￿e0rd$ wme not kept in respeLtoftheTrust as requirnd byse£*on 130 ofthe Art. or 2. the accounts do not a¢¢ord ¥Ath the accounting record& OT 3. the accounts do not compty *ith the applicable requirements ￿nCernIng the lo￿ and contsnt of a￿o￿nts set out in the Chadties (Accounts and Reports) Regulations 2008 other than any lequi￿rnefit that the accounts w've a 'true and lali, ew which is nota matter consideied as part of an independent examination. I have no¢oncems8nd ha¥* come a¢mssno other matters in conneclion *lth the examlnatlonto ¥thich attent4on should be drawn In thls report In orderto enable a proper unde￿ndIn& of the accounts to be reached. Janlce Roberts FCCA Horfey Surrey 2024 17