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 2025
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 (until October 2025) St Wilfrid’s Vicarage Horley Row Horley
Curate –Rev Victoria Stone St Francis Vicarage Balcombe Road Horley
Curate – Rev Kerry Evans (from June 2023) Otterburn Reigate Road Hookwood Surrey
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
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ANNUAL REPORT FOR 2025
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 April 2025
Ex Officio Members Rev Canon Leslie Wells – Team Rector Rev Naomi Ngururi – Team Vicar (resigned October 2025) Rev Victoria Stone – Assistant Curate Rev Kerry Evans – Assistant Curate Mandy Hill – Parish Warden – St Barts Dirk Douglas – Parish Warden – St Barts Penny Lochead – Reader and Deanery Synod Tim Hill – Reader Dorothy Lupinda – Commissioned Pastoral Lay Minister Scott Coe – PCC Treasurer
Elected Members Mark Quinn – St Barts Anna Coe – St Barts, Deanery Synod Mandy Hill – St Barts, Deanery Synod Roger Kidd – St Francis Jon Digby – St Wilfrids Maria Digby – St Wilfrids Lorna Meech – St Wilfrids, Deanery Synod Heather Bulman – St Francis
2
ANNUAL REPORT FOR 2025
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, Common Worship, Evensong and informal services.
At the APCM on 27 April 2026 there were 248 names on the roll (2025: 237).
3
ANNUAL REPORT FOR 2025 (continued)
PCC activities
The PCC has met 4 times since the 2025 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
-
Following completion of the Spire restoration in 2023, attention has now been turned to the main roof, specifically the nails. Consideration is also being given to the replacement of the two oil-fired boilers with a more environmentally-friendly solution. Since year end a further inspection has been carried out on the main roof and further emergency repair work has been identified.
-
Maintenance work at St. Francis
During the previous year the church received £13,000 legacies to be used on specific building projects at the behest of the legators. Some of these were spent on a new front garden and benches, with the remainder still to be spent.
- Maintenance work at St. Wilfrid’s
Last year a faculty was sought for the heating which was granted this year, and new electric heating was installed to replace the gas boiler. Since year end plans are underway to make applications for planning and a faculty for the roof replacement and solar panels.
- Other maintenance work
Following Rev Naomi Ngururi’s resignation in October 2025, extensive electrical and kitchen repair and other redecoration works were carried out on the vicarage at St Wilfrid’s. Up to 31 December 2025 in excess of £24,000 was spent on these works, with a further £19,000 incurred after the year end.
- Youth group
A parish youth café for young people in school years 7 and upwards was run by Kerry Evans and Vic Stone during the year. The group meets at St Bart's Church on Third Sunday of the month.
Major activities in the parish
All three churches were fully open during 2025, offering Sunday services and other meetings. In addition, there were some fundraising activities held during 2025 - St Wilfrid’s held a Parish Harvest Supper, with profits donated to Welcare and Renewed Hope Trust, two local charities.
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 2025 (continued)
Evangelism
In the past this has included Christianity Explored, Emmaus and House Study Groups which are run on a periodic basis. Vic and Jon Stone also ran an Alpha course in September 2025, and we held a Carol and Nativity Service at Simon’s Free Range Egg Farm on 23 December 2025.
Pastoral Care
Pastoral care is part of the work of the clergy, plus the CPLM and members of the church pastoral team. Clergy and pastoral teams go into local residential homes to conduct services and bed side visits.
Community
As part of Churches For Horley, we meet monthly for a planning meeting and we discuss community events and we support one another through prayer. We also have a Prayer Breakfast once a month where we meet in The Jack Fairman, have breakfast and pray for our community. Regarding events, we have an annual joint service in January in the week of Christian unity, we run an ecumenical Lent Course, we have services on Good Friday (one All-Age, one more reflective), we have a stall at Horley Carnival, Carol Singing at Waitrose and a service at the Horley Association of Traders’ Christmas celebration in the town in December.
Horley Community Choir gathers at St Wilfrid’s each Wednesday and the Warm Space and Cafe also opens at that church. The Repair Cafe meets every second Saturday of the month there too. 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 Welcare.
FINANCIAL REVIEW OF THE YEAR
For 2025 the parish financial statements have been prepared in accordance with the FRS102 SORP. Financial highlights include:
-
Total income decreased by £21,984 (9.8%) to £203,487 (2024: £225,471). General unrestricted income increased by £918 (12.5%) to £8,261 (2024: £7,343) and income in designated combined funds decreased by £9,944 (5.5%) to £172,392 (2024: £182,336);
-
Total expenditure increased by £21,876 (9.7%) to £247,839 (2024: £225,963); and
-
Total restricted income funds stood at £169,968 at 31 December 2025 (2024: £172,083).
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 £107,128 (PCC General plus Designated Combined excluding the vicarages) on unrestricted funds represents approximately 5.8 months of unrestricted payments at current operating levels (2024: £150,291 representing 8.5 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.
5
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HORLEY PAROCHIAL CHURCH COUNCIL
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2025
| 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 |
2025 2024 General PCC Designated Combined Income Endowment TOTAL FUNDS General PCC Designated Combined Income Endowment TOTAL FUNDS £ £ £ £ £ £ £ £ £ £ 8,195 125,992 21,212 - 155,399 7,221 124,253 33,752 - 165,226 - 41,155 1,214 - 42,369 - 51,402 1,636 - 53,038 - 2,175 - - 2,175 - 2,250 - - 2,250 66 3,070 408 - 3,544 122 4,431 404 - 4,957 - - - - - - - - - - Unrestricted Restricted Unrestricted Restricted |
|---|---|
| 8,261 172,392 22,834 - 203,487 7,343 182,336 35,792 - 225,471 |
|
| - - - - - - - - - - 8,069 208,335 24,944 - 241,348 9,572 195,894 14,263 - 219,729 - 6,491 - - 6,491 - 6,234 - - 6,234 |
|
| 8,069 214,826 24,944 - 247,839 9,572 202,128 14,263 - 225,963 |
|
| - - (926) - (926) - - 2,092 - 2,092 |
|
| 192 (42,434) (3,036) - (45,278) (2,229) (19,792) 23,621 - 1,600 |
|
| (15,565) 14,644 921 - - (534) (45) 579 - - - 25,101 - - 25,101 - 31,899 - - 31,899 |
|
| (15,373) (2,689) (2,115) - (20,177) (2,763) 12,062 24,200 - 33,499 |
|
| (5,996) 1,538,186 172,083 - 1,704,273 (3,233) 1,526,124 147,883 - 1,670,774 - - - - - - - - - - |
|
| (5,996) 1,538,186 172,083 - 1,704,273 (3,233) 1,526,124 147,883 - 1,670,774 |
|
| (21,369) 1,535,497 169,968 - 1,684,096 (5,996) 1,538,186 172,083 - 1,704,273 |
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HORLEY PAROCHIAL CHURCH COUNCIL BALANCE SHEET as at 31 December 2025
| HORLEY PAROCHIAL CHURCH COUNCIL BALANCE SHEET as at 31 December 2025 |
||
|---|---|---|
| Note FIXED ASSETS Vicarages 5 Long term investments in R&S DCT A/cs 5 TOTAL FIXED ASSETS CURRENT ASSETS Stock 6 Debtors 7 Short term deposits Cash at bank and in hand TOTAL CURRENT ASSETS LIABILITIES: CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 8 NET CURRENT ASSETS NET ASSETS PARISH FUNDS 9 Unrestricted Unrestricted Designated Restricted Income TOTAL FUNDS |
2025 TOTAL FUNDS £ 1,407,000 4,876 1,411,876 800 15,829 1,399 262,367 280,395 (8,175) 272,220 1,684,096 (21,369) 1,535,497 169,968 1,684,096 |
2024 TOTAL £ 1,381,899 5,802 |
| 1,387,701 800 21,446 1,408 296,901 |
||
| 320,555 | ||
| (3,983) | ||
| 316,572 | ||
| 1,704,273 | ||
| (5,996) 1,538,186 172,083 |
||
| 1,704,273 |
Approved by the Parochial Church Council on 2026 and signed on their behalf by:
Rev Canon L Wells - Team Rector
S Coe - PCC Treasurer
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HORLEY PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL ACTIVITIES for the year ended 31 December 2025
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 9 volunteers as their fair value cannot be measured reliably.
HORLEY PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL ACTIVITIES for the year ended 31 December 2025
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.
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HORLEY PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL ACTIVITIES for the year ended 31 December 2025
| 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 TOTAL |
2025 2024 General PCC Designated Combined Income Endowment TOTAL FUNDS General PCC Designated Combined Income Endowment TOTAL FUNDS £ £ £ £ £ £ £ £ £ £ 7,220 87,365 175 - 94,760 6,065 89,790 (416) - 95,439 875 20,199 66 - 21,140 1,156 15,359 250 - 16,765 - 3,098 1,800 - 4,898 - 4,425 1,800 - 6,225 - 11,931 2,767 - 14,698 - 7,070 433 - 7,503 - - 13,570 - 13,570 - - 13,970 - 13,970 - - - - - - 3,000 10,000 - 13,000 100 3,399 2,834 - 6,333 - 4,609 7,715 - 12,324 Unrestricted Restricted Unrestricted Restricted |
|---|---|
| 8,195 125,992 21,212 - 155,399 7,221 124,253 33,752 - 165,226 |
|
| - 12,772 1,214 - 13,986 - 18,418 1,302 - 19,720 - 28,383 - - 28,383 - 32,984 - - 32,984 - - - - - - - 334 - 334 |
|
| - 41,155 1,214 - 42,369 - 51,402 1,636 - 53,038 |
|
| - 2,175 - - 2,175 - 2,250 - - 2,250 |
|
| - 2,175 - - 2,175 - 2,250 - - 2,250 |
|
| 66 3,070 408 - 3,544 122 4,431 404 - 4,957 |
|
| 66 3,070 408 - 3,544 122 4,431 404 - 4,957 |
|
| 8,261 172,392 22,834 - 203,487 7,343 182,336 35,792 - 225,471 |
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HORLEY PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL ACTIVITIES for the year ended 31 December 2025
| 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 |
2025 2024 General PCC Designated Combined Income Endowment TOTAL FUNDS General PCC Designated Combined Income Endowment TOTAL FUNDS - - - - - - - - - - Unrestricted Restricted Unrestricted Restricted |
|---|---|
| - - - - - - - - - - |
|
| - 72,142 - - 72,142 - 70,110 - - 70,110 - 4,279 - - 4,279 - 8,747 - - 8,747 4,382 411 - - 4,793 5,697 106 - - 5,803 - - - - - - - - - - 2,442 1,223 7,081 - 10,746 469 2,181 4,104 - 6,754 - 23,038 - - 23,038 173 22,954 - - 23,127 618 29,461 6,446 - 36,525 368 29,913 - - 30,281 11,240 - - - 11,240 10,202 - - - 10,202 24,646 - - - 24,646 2,506 - - - 2,506 453 3,844 - - 4,297 302 1,021 - - 1,323 - - 10,017 - 10,017 - - 9,302 - 9,302 - 14,729 1,400 - 16,129 - 29,080 357 - 29,437 14,482 - - - 14,482 14,059 - - - 14,059 450 - - - 450 - - 500 - 500 391 4,399 - - 4,790 - 3,393 - - 3,393 (54,809) 54,809 - - - (28,389) 28,389 - - - 3,774 - - - 3,774 4,185 - - - 4,185 |
|
| 8,069 208,335 24,944 - 241,348 9,572 195,894 14,263 - 219,729 |
|
| - 6,491 - - 6,491 - 6,234 - - 6,234 |
|
| - 6,491 - - 6,491 - 6,234 - - 6,234 |
|
| 8,069 214,826 24,944 - 247,839 9,572 202,128 14,263 - 225,963 |
No fees were paid to the independent examiner (2024: £nil).
Details of missionary and charitable giving are set out in the finance section of the Trustees' Report.
During the year 4 members of the PCC (2024: 5) were reimbursed £4,793 for travel, training and office costs incurred wholly, exclusively and necessarily in the course of their roles as trustees (2024: £5,803). The key management personnel of the charity consisted solely of the members of the PCC. None were remunerated by the charity during the year (2024: none).
4 STAFF COSTS
The parish paid salaries of £14,482 (2024: £14,059) including employers' national insurance and pension contrbutions for its staff, being the Clergy Parish Administrator.
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HORLEY PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL ACTIVITIES for the year ended 31 December 2025
| 5 FIXED ASSETS Opening balance at 1 January Disposal Revaluation Closing balance at 31 December |
Vicarages Listed investments Total £ £ £ 1,381,899 5,802 1,387,701 - - - 25,101 (926) 24,175 |
|---|---|
| 1,407,000 4,876 1,411,876 |
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 |
2025 TOTAL FUNDS £ 1,831 13,998 15,829 2025 TOTAL FUNDS £ 8,175 - 8,175 |
2024 TOTAL FUNDS £ - 21,446 |
|---|---|---|
| 21,446 | ||
| 2024 TOTAL FUNDS £ 3,983 - |
||
| 3,983 |
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HORLEY PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL ACTIVITIES for the year ended 31 December 2025
| 9 NET ASSETS BY FUND 2025 Fixed Assets Endowments Net current assets/(liabilities) Fund balances 2024 Fixed Assets Endowments Net current assets/(liabilities) Fund balances 10 FUND DETAILS Designated combined funds include: |
General PCC Designated Combined Income Endowment TOTAL FUNDS £ £ £ £ £ - 1,407,000 4,876 - 1,411,876 - - - - - (21,369) 128,497 165,092 - 272,220 Unrestricted Restricted |
|---|---|
| (21,369) 1,535,497 169,968 - 1,684,096 |
|
| - 1,381,899 5,802 - 1,387,701 - - - - - (5,996) 156,287 166,281 - 316,572 |
|
| (5,996) 1,538,186 172,083 - 1,704,273 |
|
| 2025 Balance at 1 January Income Expenditure Transfers Investment (losses)/gains Balance at 31 December 2024 Balance at 1 January Income Expenditure Transfers Investment (losses)/gains Balance at 31 December |
St Barts St Wilfrids St Francis St Wilfrids Designated Roof Fund Vicarages Capital Total £ £ £ £ £ £ 8,793 6,005 49,209 92,280 1,381,899 1,538,186 81,213 39,161 52,018 - - 172,392 (86,542) (59,810) (68,474) - - (214,826) - 14,644 - - - 14,644 - - - - 25,101 25,101 |
|---|---|
| 3,464 - 32,753 92,280 1,407,000 1,535,497 |
|
| 6,861 87,597 81,666 - 1,350,000 1,526,124 86,269 38,999 57,068 - - 182,336 (84,292) (28,311) (89,525) - - (202,128) (45) (92,280) - 92,280 - (45) - - - - 31,899 31,899 |
|
| 8,793 6,005 49,209 92,280 1,381,899 1,538,186 |
Purposes of funds:
St Barts, St Wilfrids, St Francis: these represent the combined general and designated unrestricted funds recognised in each of the three churches individually. St Wilfrids Designated Roof Fund: this has been set aside for roof replacement, which combined with the restricted roof fund totals £125,500.
Vicarages (Capital) Fund: this represents the carrying value of the vicarages owned by the PCC for St Francis and St Wilfrids and as such is not easily convertible into liquid 14 assets.
HORLEY PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL ACTIVITIES for the year ended 31 December 2025
10 FUND DETAILS (continued)
Restricted income funds include:
| 2025 Balance at 1 January as previously stated Income Expenditure Transfers Investment (losses)/gains Balance at 31 December 2024 Balance at 1 January as restated Income Expenditure Transfers Investment (losses)/gains Balance at 31 December |
Crypto St Francis Organ Fund St Francis Evangelism Fund St Bart's Boiler St Bart's Spire/Roof Lytchgate works Clergy gift WNS St Bart's Other Churchyard St Wilfrids Roof Fund St Bart's Equipment Grant St Francis building restricted fund Other restricted Total £ £ £ £ £ £ £ £ £ £ £ £ £ 5,801 4,000 3,000 38,429 42,698 2,300 - - 3,693 2,554 33,220 1,439 27,717 7,232 172,083 - - - - 3,758 1,830 1,050 280 1,520 8,372 70 - - 5,954 22,834 - - - - - (4,771) (1,050) (305) - (10,017) - - (3,350) (5,451) (24,944) - - - - - 641 - 280 - - - - - - 921 (926) - - - - - - - - - - - - - (926) |
|---|---|
| 4,875 4,000 3,000 38,429 46,456 - - 255 5,213 909 33,290 1,439 24,367 7,735 169,968 |
|
| 3,298 4,000 3,000 38,429 40,875 - 414 71 3,693 3,811 26,164 1,939 17,717 4,472 147,883 - - - - 1,823 2,300 170 - - 8,456 7,715 - 10,000 5,328 35,792 - - - - - - (700) (534) - (9,302) (659) (500) - (2,568) (14,263) - - - - - - 116 463 - - - - - - 579 2,503 - - - - - - - - (411) - - - - 2,092 |
|
| 5,801 4,000 3,000 38,429 42,698 2,300 - - 3,693 2,554 33,220 1,439 27,717 7,232 172,083 |
Purposes of funds:
Crypto Fund: this represents funds held in Church of England listed investments.
St Francis Organ Fund: this represents monies given by a legacy for the purpose of revamping the organ at St Francis church.
St Francis Evangelism Fund: this represents monies given by a legacy for the purpose of evangelistic expenditure at St Francis church.
St Bart's Boiler Fund: these represent donations over many years towards replacement boilers for St Barts.
St Bart's Tower/Spire Roof Fund: this comprises donations towards the repair works on the main roof at St Bart's.
Clergy gift: last year these were monies collected for a leaving gift for one curate, and this year for a leaving gift for the Team Vicar.
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 Wilfrid's as one of the host locations. St Bart's Other: these represent various other smaller restricted funds and 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. St Bart's Equipment grant: these represent donations given towards the PA and sound equipment at St Bart's.
St Francis Building Fund: this comprises one-third of the proceeds in the Albert Rooms Fund that had been released last year plus a restricted legacy of £10,000 last year for the creation of a memorial garden and seating area at the church. PCC Other: these represent various other smaller appeals which are immaterial in size and have therefore been grouped together.
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HORLEY PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL ACTIVITIES for the year ended 31 December 2025
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.
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ChftrfknPA2011 8J*2026 17