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← The Parochial Church Council Of The Ecclesiastical Parish Of Banstead

2024-12-31-accounts

ALL SAINTS’ CHURCH BANSTEAD

Registered Charity Number 1133791

ANNUAL REPORT AND FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 December 2024

Parish Office Church Institute High Street Banstead Surrey SM7 2NG Tel: 01737 379289

2024 Annual Report and Financial Statements

All Saints’ Church, Banstead

ALL SAINTS’ CHURCH is based in the High Street, Banstead, and is part of the Diocese of Guildford within the Church of England. It is registered as a charity with the Charity Commission (registration number 1133791), and its long history of service to the local community is manifest in its Grade II* listed building. The Electoral Roll stood at 152 (with 77 resident in the parish and 75 non-resident) at the time of the APCM in May 2024.

AIMS AND PURPOSES

All Saints’ Parochial Church Council (PCC) has the responsibility of promoting in the ecclesiastical parish of Banstead the whole mission of the Church of England, in all its pastoral, evangelistic, social, and ecumenical dimensions. This responsibility is shared with the clergy.

OBJECTIVES AND ACTIVITIES

The PCC is committed to enabling as many people as possible to worship at our church and to become part of our community at All Saints’, and to this end we are members of the Inclusive Church network. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Through our worship we put faith into practice through prayer and scripture, music, and sacrament.

When planning our activities, the PCC has considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. In particular, we try whenever possible to support and enable ordinary people to live out their faith as part of our parish community through:

It remains important to maintain our church building in good order and the other parts of the Church Complex, i.e. the churchyard and Orchard and the Church Institute. The curate’s house at 14 Glenfield Road continued to be rented under full agency management.

ACHIEVEMENTS AND PERFORMANCE

STAFF AND VOLUNTEERS

At the start of the year we were still in vacancy but back in church holding our usual services.

The Churchwarden Geoff Chant has been able to organise cover for all services and continued to do so. The Churchwardens are thankful to Revd Michael Dunk, Revd Simon Leyshon, and the 13 other ministers including the Bishop of Guildford and our own lay ministers who have officiated at the many services in 2024.

With the help of the Archdeacon we instigated the search for a new Vicar following the procedure and timing as laid down by the diocese. We began with our Vision Day hosted by the Revd David Senior. This was designed to concentrate our minds on our priorities and, our strengths and weaknesses. Particular thanks must be extended to Susan Major for her work in updating the Parish profile.

We were delighted, finally, to appoint Revd Kate Blake as our new vicar. Her Collation on the 14[th] May led by the Bishop of Guildford was a wonderful occasion for all of us. The congregation was composed of our usual friends and invitees from all walks of life in the parish. Afterwards the guests conveyed their delight at how moving it had been.

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2024 Annual Report and Financial Statements

All Saints’ Church, Banstead

Weddings, baptisms, and pastoral matters have continued with the diligent support of the team: Licensed Lay Ministers, Rosemary Whipp and George Harcourt-Vernon, who assisted at services, provided pastoral support, and interred ashes, and Pastoral Assistant, Donna Taylor.

Our employed staff included our Children’s Worker, Sofia Welsby, who sadly left us in April. We thank her for her immense contribution to the young people of the church; she is much missed. Our attempt to replace her has not as yet been successful but we will persevere because we consider this an important investment for the future.

Our Parish Administrator, Ruth Mash, has now been in post for two years and provides support to the Vicar and Churchwardens.

Our Director of Music, Mr Jan Pringle, leads the Choir and having live music and singing in church is welcomed and enjoyed by all. We are often told that our choir creates a wonderful experience in our regular Choral evensong and beyond.

As always, it is largely on volunteers that all kinds of duties from outreach and hospitality to church bells and flowers depend, so thanks must be given to our Head Server and Premises lead, Alan Clarke, who enables services and keeps the buildings in good condition, and to Lin Dunford who has organised much hospitality.

WORSHIP AND PRAYER

For most of the year the church building has been open every day between 9.30 am and 4.30 pm for private prayer.

Everyone is welcome to attend the wide range of services on offer at All Saints’. These are: 10am Communion on Wednesdays; 8.00 am on Sundays twice a month (BCP on the first week and Common Worship Communion the second week); the main 9.30 Sung Parish Eucharist on Sundays, Choral Evensong monthly, and additional services when required such as the Royal British Legion centenary service in May. Prayers for peace continue to be offered weekly.

Streaming of the 9.30 am service is now a regular feature in our services with a team of helpers enabling the shy, the enquiring and the housebound to share our services.

Morning Prayer by Zoom has maintained a regular congregation of around 8 and has been continued throughout by Anne Anthony.

Our beautiful traditional Choral Evensong, which attracts interest from visitors as well as our own congregation is held once a month. The annual All Souls Memorial Service was well attended and appreciated. Christmas was full of the usual joyful services: MU Advent Service; the Advent Carol Service; the Service of Nine Lessons and Carols; the hugely popular crib service and culminating in the wonderful Midnight Mass and Christmas Day service – all had the church full of people. Revd Kate included a ‘Blue Christmas’ service for those who find Christmas a difficult season, and we were delighted at the number of shoppers on the High Street as well as other members of the Banstead Five Churches ecumenical group who stopped to sing Carols around the Bonfire with us.

A kind donor furnished us with new hymn books to replace the rather battered ones we had used for the last 25 years.

The aim remained to provide opportunities for worship, understanding that one style cannot fulfil every one’s needs, and this aim continues. The church is generally open every day from around 9.30am and 4.30pm and our prayer space, with a votive stand and ‘prayer tree’ are available for private devotion to all who need it. Paper ‘leaves’ are available for people to

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2024 Annual Report and Financial Statements

All Saints’ Church, Banstead

write their prayers and hang them on the tree and these are offered to God in a short service once a month.

Revd Kate has introduced herself and her ideas to us in the church and to the wider parish to enliven and restore us after a long period without secure leadership. We have a new hymn book; a new baptism welcome; a new and inspiring approach to prayer to name just a few. She also held a teaching week of ‘Ignatian Prayer’, which was streamed and found enlightening by many.

The house groups continued to meet regularly, including a Celtic Spirituality Group, and a Bible Study group. These provided opportunity to develop understanding of Christianity in a supportive atmosphere. The ‘Exploring the Faith’ discussion group moved to the Orchard Room to encourage newcomers.

As well as holding our regular services All Saints’ practice is still to enable our community to celebrate and thank God at the milestones through life. Through baptism we thank God for the gift of life, in marriage public vows are exchanged with God’s blessing and through funeral services family and friends express their grief, give thanks, and commend the person into God’s keeping. There was one baptism, two marriages, seven funerals, six funerals taken at a crematorium and 21 burials of ashes.

MISSION, PASTORAL CARE AND OUTREACH

The rebuilding of provision for children, families, and teenagers at All Saints’, continued in 2024 until Sofia left to take up a new position. This included Teddies’ 10 Minutes for babies and toddlers, Big Teds (an after-school club at the Infant School) and a monthly Sunday afternoon service for families.

The Children’s Worker reached out to local schools and took assemblies. The schools in turn visited All Saints for special services. Sofia laid the groundwork for the future development of our chidren’s ministry. Revd Kate has continued to take assemblies in our local schools, and to host special school services for seasons such as Harvest and Christmas.

Young people are also active members of the Choir which, as well as providing a musical education, functions as a pastoral and social support for them.

Safeguarding is always a high priority and all personnel in relevant roles undergo DBS checks and training as required. We pay due regard to the guidance issued by the House of Bishops. Our Safeguarding Officer, Mrs Tina Douglas, regularly checks procedures and training needs as recommended by the Diocese and is in constant touch with the Diocesan leaders on current needs. The introduction of the Parish Dashboard has helped keep an efficient record of all training and safeguarding matters in one place and in where confidentiality is most important.

The national Church has had to face huge criticism of their handling of safeguarding concerns particularly in the reports of Alexis Jay. The General Synod has not yet adopted her recommendations and so we wait to learn how the Church will police this difficult subject in the future.

‘Sing for Joy’, designed particularly for people with dementia, but enjoyed by many, was held regularly for 10 months of the year with a summer break. It is truly a joyful experience and attracts a very wide audience now.

Heritage Open Day

All Saints’ took part in this national festival in September. The day included displays of our history, and sight of our historic books. There was an interesting illustrated talk, a bell ringing demo at midday and a Children’s Church Trail. Finally in the afternoon there was a

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2024 Annual Report and Financial Statements

All Saints’ Church, Banstead

walking tour of interesting graves in the churchyard. The event was well advertised and helped our many visitors to learn more about the church.

For the Christmas Community Event, organised by local businesses in November, we arranged a ‘Prayer Tent’ in the Church Orchard, with a display, candles and a ‘tree of prayers’, and this enabled many conversations to be started.

We support the Epsom & Ewell Foodbank. Members of the congregation leave items at the back of the Church and these are collected weekly by a member of the Foodbank. Where specific items are needed details are published in the weekly Pew Sheet and the congregation is very generous in their response. This continues to function as the demand for its services grows.

We are also very fortunate to have an active Mothers’ Union which, in addition to their local work of providing support for women and families in difficult conditions, continued to contribute to the MU’s international work for literacy and women’s projects.

Visits continued to some care homes and the Pastoral Assistants and Lay Ministers visited the housebound and sick in person. We have also started to grow and train more members for our Pastoral Team.

Church memorials and contested heritage

In response to the Church of England’s ‘Contested Heritage Briefing’ a small group was set up to consider our memorials, especially those for the slave-owning Frye-Spencer family. We widened this to look at the many memorials in All Saints’ which relate to British activities overseas, for example, the half-dozen for East India Company directors. The cost of printing the resulting booklet was supported by a grant fron the Banstead Five Churches Trust, and is available in the church and on the ‘A Church Near You’ website.

We continue our overseas mission involvement, supporting the African Children School, The Gambia, via the UK-registered charity BACSECT established by Revd John and Dorothy Baxter.

Communications continue to be important. A newsletter is produced every month and circulated to any who request it either in paper format or electronically. This provides an insight into All Saints’ life with a useful diary of events. Current information is maintained on the website A Church Near You (https://www.achurchnearyou.com/church/8081/). Our two Facebook pages, private and public need a new administrator since Sofia Welsby’s departure. We are in the process of redesigning our Church’s own website.

THE CHURCH COMPLEX

The Church Complex provides a valuable resource for the community, both inside the buildings and in the surrounding grounds. We reported last year on the extensive refurbishment of the church. The building is much loved by the villagers and visitors who often remark on how peaceful the church is.

The Church continues to be cleaned regularly by a new cleaning company and all normal activities in this area continue successfully. We aim to keep it open every day for private prayer until about 4.30 pm.

The Church Institute also continues to provide facilities for the Open Door Café, a friendly place run by volunteers from the Banstead Five Churches and others. This is open weekdays and Saturday but closed on Monday. The original pre-school using the building stopped during the year but a new pre-school took up the space and has settled in well. The Church Institute is hired out to many community groups including the Pilgrim Pantomime Company, which puts on a successful annual pantomime in January.

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2024 Annual Report and Financial Statements

All Saints’ Church, Banstead

Between the church building and the High Street lies a green area called the Church Orchard, belonging to the church and treated as a village green by local people where village events are held such as the May Fair, Village Day, the Christmas Community Event, and ecumenical carol-singing.

Local people have a keen interest in the extensive churchyard, as a place to remember loved ones, to find peace in green tranquillity, or, since it is criss-crossed by well used public footpaths, to use as a through route to the High Street. Tree surgeons carry out work on the 140+ trees in the churchyard when required, pruning, trimming and where necessary felling to keep everything safe. Maintenance work continued to be well supported by a local voluntary organisation, Banstead Village in Bloom, who generously provided regular and very beneficial gardening help (including litter collection). Again, only a minimum of repair work was carried out by Surrey Highways Authority to the public footpaths for which they are responsible, so some continue to remain hazardous to the less able.

The Vicarage had been empty since 1[st] August 2023 and the Diocese subsequently carried out an inspection and extensive redecorating. Their team was greatly assisted by our Premises team of Alan Clarke and Geoff Chant as to what was required for Revd Kate and her husband Tony as they made the move from North London.

The curate’s house at 14 Glenfield Road continued to be rented and managed by the Premises team using the services of a local estate agent which ensures it is kept well maintained and produces an income for All Saints’.

DEANERY SYNOD

The three members of Deanery Synod elected from this church provide the PCC with an important link between the parish and the activities and wider structures of the Church.

ECUMENICAL RELATIONSHIPS

We are fully committed to our covenant as a member of the Banstead Five Churches (our Local Ecumenical Partnership), which calls for increasing fellowship, joint worship and prayer, and development of Christian education for both children and adults. Revd Kate’s involvement has deepened and continues with regular joint ventures with Revd Alex Stevens and the rest of the B5 members. We had a very large attendance for our outdoor carol service Members of the public just came into the Orchard and joined in.

FUTURE DEVELOPMENTS

Revd Kate has embraced life at All Saints’ and is making her mark. She has decided to start a course called Sycamore in the New Year to last for 8 weeks initially. It aims to help anyone who is interested to find a gentle way into the complexities of Christianity.

We very much hope that in the coming year we will, with her help and guidance, continue to provide support to our local community in many and varied ways, being open and flexible to needs as they arise.

INVESTMENT POLICY

The PCC seeks to mitigate loss of value through inflation by cautious and simple investment of funds. It is not appropriate to have an aggressive active treasury management policy seeking to maximise returns.

Excess cash should be invested in risk-free deposit accounts, or with the agreement with the PCC, in Church of England Board of Finance (CBF) investment funds operated by CCLA (the fund manager of investments for Churches, Charities and Local Authorities).

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2024 Annual Report and Financial Statements

All Saints’ Church, Banstead

Risk free deposit accounts are those with the CCLA or National Savings and Investments (NS&I) or up to £85,000 in any FCA regulated financial institution.

Endowment funds should be invested in the CBF Church of England Investment fund.

RESERVES POLICY

The PCC has an agreed reserves policy which is summarised below:

Cash reserves are that part of the unrestricted reserves representing cash held at bank along with short term debtors and creditors.

The PCC aims to retain cash reserves sufficient to pay its immediate financial obligations and to maximise its cash reserves for future expenditure considering the cost of maintaining an historic grade II* listed building.

The PCC can authorise a deficit of expenditure over income in a financial year and consequently the use of historical cash reserves, normally identified at the time of setting the budget. The PCC can agree to use any unrestricted cash reserves by re-designating between funds as necessary.

When cash reserves fall lower than a threshold of 6 months’ worth of cash expenditure (currently equivalent to £90,000) the PCC needs to take steps to reduce expenditure and/or increase cash reserves. Such steps would include realising investments, reducing discretionary spend, postponing payment of the Parish Share and increasing income.

FINANCIAL REVIEW

The results for the year are summarised in the Statement of Financial Activities on page 9.

Total income amounted to £194,911 (2023: £213,879), a decrease on the previous year, mostly due to fund raising activities for the refurbishment funding 2023.

Total resources expended amounted to £257,934 (2023: £344,388), the increase mainly due to the cost of the redecoration and refurbishment of the church in 2023.

As a result, net movement before unrealised gains was an outflow of £63,023 (2023: £130,509 outflow) and which included non-cash charges for depreciation of £27,119 (2023: £27,121).

Cash at bank and on deposit was £161,838 (2023: £181,362).

STRUCTURE, GOVERNANCE AND MANAGEMENT

The powers and duties of PCCs are laid down by the Parochial Church Councils (Powers) Measure 1956. Members of the PCC are either ex-officio or elected at the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. Members can be co-opted to the Council when occasional vacancies arise.

The PCC operates through a number of teams including those covering worship, premises, outreach, and finance all of which report back to it regularly.

The PCC has a programme of identifying major risks to which it is exposed. The PCC has a safeguarding policy in place that follows the Diocesan safeguarding procedures. Financial procedures, mainly comprising segregation of duties and budgetary controls, have been reviewed and are considered sufficient.

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2024 Annual Report and Financial Statements

All Saints’ Church, Banstead

MEMBERS OF THE PCC

Incumbent Vacancy to 14 May 2024 Chair (vacant to 14 May 2024) Revd Kate Blake ( from 14 May 2024 ) Chair (from 14 May 2024) Churchwardens Geoff Chant Lay Chair/Vice-Chair, Premises Tina Douglas Safeguarding officer Deanery Synod Susan Hassanein representatives Ivor Leyland (from 29 May 2024) Susan Major PCC Secretary Sofia Welsby (to 7 April 2024) Children’s Worker (to 7 April 2024) Elected Members Emma Andrews Anne Anthony Alan Clarke Robert Collier Treasurer Lin Dunford Dennis Fox Robert Harris Ivor Leyland (appointed Deanery Synod representative 29 May 2024) Graham Lister (from 12 May 2024) Hazel Richardson (to 12 May 2024) Margaret Thomas Natalie Thomas Rosemary Whipp

The Annual Vestry Meeting 2024 and the Annual Parochial Church Meeting (APCM) were held on Sunday 12 May 2024.

On behalf of the Parochial Church Council

Revd Kate Blake Chair 10 March 2025

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2024 Annual Report and Financial Statements

All Saints’ Church, Banstead

INDEPENDENT EXAMINER’S REPORT

TO THE TRUSTEES OF PAROCHIAL CHURCH COUNCIL OF ALL SAINTS’ CHURCH, BANSTEAD

I report to the charity trustees, being the Parochial Church Council, on my examination of the accounts, set out on pages 9 to 17, of the Parochial Church Council of All Saints’ Church, Banstead (the Trust) for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.

Timothy Slater ACA, CTA

Shaw Gibbs Limited Salatin House 19 Cedar Road Sutton Surrey SM2 5DA

Date: 10 March 2025

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2024 Annual Report and Financial Statements

All Saints’ Church, Banstead

STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 December 2024

Note
INCOME AND ENDOWMENTS
Donations and legacies
2a
Charitable activities
2b
Investments
2c
TOTAL RESOURCES EXPENDED
3
Net loss
Unrealised gains on investments
10
Transfers between funds
Net movement in funds
Total Funds at 1 January
7
Total Funds at 31 December
7		 Unrestricted
funds
Restricted
funds
Endowment
funds
2024

90,563
2,237
-
92,800
89,907
4,500
-
94,407
5,752
-
1,952
7,704
186,222
6,737
1,952
194,911

227,035
30,899
-
257,934
(40,813)
(24,162)
1,952
(63,023)
1,396
-
1,610
3,006
-
1,952
(1,952)
-
(39,417)
(22,210)
1,610
(60,017)
274,263
161,860
70,302
506,425
£ 234,846
£ 139,650
£ 71,912
£ 446,408		 2023
98,850
106,025
9,004
213,879
344,388
(130,509)
11,290
-
(119,219)
625,644
£ 506,425

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2024 Annual Report and Financial Statements

All Saints’ Church, Banstead

BALANCE SHEET AT 31 December 2024

Note
FIXED ASSETS
Tangible assets
9
Investments
10
CURRENT ASSETS
Debtors
11
Cash at bank and on deposit
12
LIABILITIES
Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL NET ASSETS
8
PARISH FUNDS
Undesignated
Designated
Unrestricted
Restricted
Endowment
Total Funds
7		 2024

135,902
134,305
£ 270,207

22,222
161,838
184,060

(7,859)
£ 176,201

£ 446,408


8,993
225,853
234,846
139,650
71,912
£ 446,408		 2023
163,021
131,299
£ 294,320
39,377
181,362
220,739
(8,634)
£ 212,105
£ 506,425
31,590
242,673
274,263
161,860
70,302
£ 506,425

Approved by the Parochial Church Council and signed on its behalf:

Revd Kate Blake Chair

Robert Collier Honorary Treasurer

10 March 2025

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2024 Annual Report and Financial Statements

All Saints’ Church, Banstead

NOTE 1 – ACCOUNTING POLICIES

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 1 January 2019), FRS 102 and the Charities Act 2011. The financial statements have been prepared under the historical cost convention except for investment assets shown at market value.

The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the financial statements of church groups that owe their main affiliation to another body or those that are informal gatherings of Church members.

Funds

Charity funds are required to be analysed under the following specific headings:

Incoming resources and resources used

Income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.

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. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that category. Where costs cannot be directly attributed to particular headings, they have been allocated on a basis consistent with the use of resources.

Government grants

Income from government grants is credited to the Statement of Financial Activities so as to match it with the expenditure to which it relates.

Fixed assets

Consecrated and beneficed property is excluded from the financial statements by the Charities Act 2011.

Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are classified as inalienable property and capitalised as such unless consecrated. They are listed in the church's inventory. For inalienable property acquired prior to 1 January 2001, there is insufficient cost information available and such assets are not valued in the accounts. Items acquired since 1 January 2001 have been capitalised and depreciated over their currently anticipated useful economic life (between 5 and 10 years) on a straight line basis.

Major building work on the Church Institute, resulting in improvement to the property, is capitalised and depreciated over 50 years. The land component of this property, together with the building's preimprovement value are included at zero value in these accounts in the absence of reliable cost information when acquired by way of gift.

The property at 14 Glenfield Road, held by the Diocese as custodian trustees on behalf of the PCC, is included in the financial statements at historic cost less depreciation.

Major improvements are capitalised and written off over 10 years - subject to annual review for impairment and reassessment of the property's anticipated useful economic life.

Equipment, fixtures and fittings are depreciated over 5 years. Individual items of equipment or fixtures and fittings with a purchase price of less than £1,000 are usually written-off when the asset is acquired.

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2024 Annual Report and Financial Statements

All Saints’ Church, Banstead

Investments

Investments are classified as fixed assets. All investment assets are stated in the balance sheet at fair value and both realised and unrealised gains or losses are recognised in the statement of financial activities. The fair value of listed investments is taken as the market price of the asset as at the year end date.

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.

Currency

The Church's functional and presentational currency is Pounds Sterling (GBP).

Taxation

The charity is exempt from tax on its charitable activities. The charity is not registered for VAT and as such expenditure is shown inclusive of irrecoverable VAT.

Going concern

There are no material uncertainties about the charity's ability to continue operating as a going concern.

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2024 Annual Report and Financial Statements

All Saints’ Church, Banstead

NOTE 2 – INCOME AND ENDOWMENTS

2a
DONATIONS AND LEGACIES
Planned Giving
- Regular giving by banker’s order
- Envelope Scheme
Single donations
Income tax recoverable
Collections for general purposes
Legacies
Votive stand
2b
CHARITABLE ACTIVITIES
Church Institute
Open door
Fees
Ground maintenance subsidy
Listed Places of Worship Grant Scheme
Other
2c
INVESTMENTS
Dividend income
Interest income
TOTAL INCOMING RESOURCES		 Unrestricted
funds
Restricted
funds
Endowment
funds
2024


47,964
-
-
47,964
4,135
-
-
4,135
52,099
-
-
52,099
7,575
2,096
-
9,671
16,368
141
-
16,509
12,373
-
-
12,373
1,000
-
-
1,000
1,148
-
-
1,148
£ 90,563
£ 2,237
-
£ 92,800



55,214
-
-
55,214
7,956
-
-
7,956
4,639
-
-
4,639
-
4,500
-
4,500

-
-
-
-
22,098
-
-
22,098
£ 89,907
£ 4,500
-
£ 94,407



1,693
-
1,952
3,645
4,059
-
-
4,059
£ 5,752
-
£ 1,952
£ 7,704


£ 186,222
£ 6,737
£ 1,952
£ 194,911		 2023
43,735
4,779
48,514
22,906
15,394
8,180
3,000
856
£ 98,850
47,531
7,045
7,964
4,500
13,428
25,557
£ 106,025
3,589
5,415
£ 9,004
£ 213,879

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2024 Annual Report and Financial Statements

All Saints’ Church, Banstead

NOTE 3 – RESOURCES EXPENDED

CHARITABLE ACTIVITIES
Clergy travel, training, meetings, resources
Curate housing and repairs
Church heating, insurance, repairs
Services, music, salaries, candles
Admin salaries and office costs
Depreciation of fixed assets
Churchyard maintenance
Other costs
Youth work salaries, resources
Fabric repairs
DONATIONS
St James Hospital, Lesotho
BACSECT (School in Gambia)
Charities
CHURCH INSTITUTE
Depreciation of improvements
Depreciation of fixtures and fittings
Redecoration and maintenance
Lighting and heating
Insurance
Rates
Cleaning
Sundry expenses
EXPENDITURE ON RAISING FUNDS
PARISH SHARE / (DIOCESAN QUOTA)
TOTAL EXPENDED		 Unrestricted
funds
Restricted
funds
Endowment
funds
2024


3,125
504
-
3,629
911
-
-
911
4,036
504
4,540
16,558
-
-
16,558
20,020
-
-
20,020
14,767
-
-
14,767
-
21,133
-
21,133
5,322
4,500
-
9,822
4,213
-
-
4,213
1,744
-
-
1,744
300
-
-
300
£ 66,960
£ 26,137
-
£ 93,097


-
-
-
-
-
1,350
-
1,350
50
753
-
803
£ 50
£ 2,103
-
£ 2,153


-
2,659
-
2,659
2,416
-
-
2,416
5,602
-
-
5,602
24,379
-
24,379
2,025
-
-
2,025
1,737
-
-
1,737
6,719
-
-
6,719
4,413
-
-
4,413
£ 47,291
£ 2,659
-
£ 49,950

-
-
-
-

£ 112,734
-
-
£ 112,734


£ 227,035
£ 30,899
-
£ 257,934		 2023
2,044
911
2,955
18,496
15,240
12,616
21,134
6,848
6,920
6,735
87,150
£ 178,094
2,654
500
351
£ 3,505
2,659
2,417
9,535
23,675
2,067
1,463
9,017
1,257
£ 52,090
£ 669
£ 110,030
£ 344,388

NOTE 4 – RELATED PARTY TRANSACTIONS

The Vicar is remunerated by the Diocese.

Mrs Sofia Welsby was All Saints’ Church Children’s Worker until her resignation from the PCC on 7 April 2024 and received a salary of £1,813 during that period (2023: annual salary of £5,978).

Mrs Susan Hassanein received a gift worth £200 in recognition of her work as Institute manager over many years.

Except as noted above and apart from their individual voluntary giving and reimbursement to them of specific expenditure directly attributable to the activities of the PCC there were no related party transactions between PCC members and the PCC. No other PCC member was reimbursed any personal expenses incurred by them or remunerated for services to the PCC (2023: £Nil).

-14-

2024 Annual Report and Financial Statements

All Saints’ Church, Banstead

NOTE 5 – INDEPENDENT EXAMINER’S FEE

The Independent Examiner’s fee was £700 including VAT for their services (2023: £690 including VAT).

NOTE 6 – SALARIES

OTE 6– SALARIES
Salaries
Social security and pension costs
Average number of staff employed
Number of employees with emoluments in excess of £60,000		 2024
22,665
-
£ 22,665
3
Nil		 2023
25,837
-
£ 25,837
4
Nil

NOTE 7 – FUNDS

OTE 7– FUNDS
UNRESTRICTED
General
Fabric Fund
Pat Hiscutt Scholarship Fund
Holyman Fund
Church Institute Fund
RESTRICTED
Mission and charities
Grants
Organ Fund
Church Institute improvements
Inalienable assets
Wheeler Trust income
ENDOWMENT
Wheeler Trust Fund
TOTAL FUNDS		 At
1-Jan-24
Incoming
Outgoing
Unrealised
gain
Transfers
At
31-Dec-24
31,590
130,008
(169,001)
1,396
15,000
8,993
22,662
1,000
(300)
-
-
23,362
4,230
-
-
-
-
4,230
163,611
-
(10,443)
-
-
153,168
52,170
55,214
(47,291)
-
(15,000)
45,093
£ 274,263
£ 186,222 £ (227,035)
£ 1,396
-
£ 234,846
1,224
2,237
(2,103)
-
-
1,358
-
4,500
(4,500)
-
-
-
2,095
-
-
-
-
2,095
45,961
-
(2,659)
-
-
43,302
108,004
-
(21,133)
-
-
86,871
4,576
-
(504)
-
1,952
6,024
£ 161,860
£ 6,737
£ (30,899)
-
1,952
£ 139,650
£ 70,302
£ 1,952
-
£ 1,610
£ (1,952)
£ 71,912
£ 506,425
£ 194,911 £(257,934)
£ 3,006
-
£ 446,408

Fabric Fund: represents funds set aside by the Trustees to provide for the repairs and renovation of the church and its associated buildings. It will be spent in line with the repairs and maintenance programme over the next few years.

Pat Hiscutt Scholarship Fund: the amounts set aside are to cover the expenses of an organ scholar.

Holyman Fund: represents amounts set aside to meet costs of the choir, organ and bells and the fabric of the church.

Church Institute Fund: these are amounts set aside to provide working capital for the Church Institute.

Missions and charities: represent donations collected for a specific purpose and donated to specific charities.

Organ Fund: represents amounts set aside towards the cost of replacing the organ in due course.

Church Institute improvements: represent previous amounts of capital expenditure being amortised over their useful economic lives.

Inalienable assets: represent previous amounts of capital expenditure being amortised over their useful economic lives.

Wheeler Trust income: the income generated from the endowed assets and transferred into the fund is for expenditure on Assistant Clergy.

-15-

2024 Annual Report and Financial Statements

All Saints’ Church, Banstead

NOTE 8 – ANALYSIS OF NET ASSETS BETWEEN FUNDS

UNRESTRICTED
General
Fabric Fund
Pat Hiscutt Scholarship Fund
Holyman Fund
Church Institute Fund
RESTRICTED
Missions and Charities
Organ Fund
Church Institute improvements
Inalienable assets
Wheeler Trust income
ENDOWMENT
Wheeler Trust Fund
TOTAL FUNDS		 Fixed
assets
Invest-
ments
Net current
assets
2024
1,814
62,393
(55,214)
8,993
-
-
23,362
23,362
-
-
4,230
4,230
-
-
153,168
153,168
3,915
-
41,178
45,093
£ 5,729
£ 62,393
£ 166,724
£ 234,846
-
-
1,358
1,358
-
-
2,095
2,095
43,302
-
-
43,302
86,871
-
-
86,871
-
-
6,024
6,024
£ 130,173
-
£ 9,477
£ 139,650
-
£ 71,912
-
£ 71,912
£ 135,902
£ 134,305
£ 176,201
£ 446,408		 2023
31,590
22,662
4,230
163,611
52,170
£ 274,263
1,224
2,095
45,961
108,004
4,576
£ 161,860
£ 70,302
£ 506,425

NOTE 9 – FIXED ASSETS

COST
At 1 January 2024
At 31 December 2024
DEPRECIATION
At 1 January 2024
Charge for the year
At 31 December 2024
NET BOOK VALUE
At 31 December 2023
At 31 December 2024		 14 Glenfield
Road
Parish office
fixtures &
fittings
Church
Institute
fixtures &
fittings
Church
Institute
improve-
ments
Inalienable
assets
Total
26,354
3,910
69,690
132,952
255,930
488,836
£ 26,354
£ 3,910
£ 69,690
£ 132,952
£ 255,930
£ 488,836
23,629
3,910
63,359
86,991
147,926
325,815
911
-
2,416
2,659
21,133
27,119
£ 24,540
£ 3,910
£ 65,775
£ 89,650
£ 169,059
£ 352,934
£ 2,725
-
£ 6,331
£ 45,961
£ 108,004
£ 163,021
£1,814
-
£ 3,915
£ 43,302
£ 86,871
£ 135,902

-16-

2024 Annual Report and Financial Statements

All Saints’ Church, Banstead

NOTE 10 – INVESTMENTS

The CBF Church of England Investment Fund
Market value at 1 January
Fair value adjustment
Market value at 31 December
Units
Historic cost		 General
fund
Wheeler
Trust
2024

60,997
70,302
131,299
1,396
1,610
3,006
£ 62,393
£ 71,912
£ 134,305
2,698
3,110
5,808
£36,802		 2023
120,009
11,290
£ 131,299
5,808
£36,802
NOTE 11– DEBTORS
Income tax recoverable
Sundry debtors and prepayments
NOTE 12– CASH AT BANK AND ON DEPOSIT
The CBF Church of England Deposit Fund
Cash at bank
NOTE 13– LIABILITIES
Sundry creditors		 2024
16,363
5,859
£ 22,222
2024
66,500
95,338
£ 161,838
2024
£ 7,859		 2023
15,394
23,983
£ 39,377
2023
76,500
104,862
£ 181,362
2023
£ 8,634

NOTE 14 – COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES FOR PRIOR YEAR

INCOME AND ENDOWMENTS
Donations and legacies
Charitable activities
Investments
TOTAL RESOURCES EXPENDED
Unrealised gains on investments
Transfers between funds
Net movement in funds
Total Funds at 1 January
Total Funds at 31 December		 Unrestricted
funds
Restricted
funds
Endowment
funds
2023

75,901
22,949
98,850
88,097
17,928
-
106,025
7,082
-
1,922
9,004
171,080
40,877
1,922
213,879

276,943
67,445
-
344,388
(105,863)
(26,568)
1,922
(130,509)
5,245
-
6,045
11,290
1,600
322
(1,922)
-
(99,018)
(26,246)
6,045
(119,219)
373,281
188,106
64,257
625,644
£ 274,263
£ 161,860
£ 70,302
£ 506,425

-17-