2024-12-31-accounts

St Mary’s Church, Sunbury-on-Thames ~~eee eee~~ ee ee ~~eee~~ ee ~~ee~~

Annual Financial Report 2024

Annual Financial Report of the Parochial Church Council of the Ecclesiastical Parish of St Mary’s, Sunbury-on-Thames for the Year Ending 31 December 2024

Registered Charity No 1133834

St Mary’s Parish Office Parish Hall Green Street Sunbury-on-Thames TW16 6RN

St Mary’s Church, Sunbury-on-Thames

Annual Financial Report 2024

Contents

1	Annual Financial Report for 2024 ............................................................................ 1-1	Annual Financial Report for 2024 ............................................................................ 1-1
	1.1	Introduction ...................................................................................................................................... 1-1
	1.2	Accounting Policies ......................................................................................................................... 1-1
	1.2.1	Funds .......................................................................................................................................... 1-1
	1.2.2	Income ........................................................................................................................................ 1-2
	1.2.3	Expenditure ................................................................................................................................. 1-2
	1.2.4	Fixed Assets ............................................................................................................................... 1-2
	1.2.5	Investments ................................................................................................................................. 1-2
	1.3	Financial Information ....................................................................................................................... 1-3
	1.3.1	Summary of Financial Receipts and Payments .......................................................................... 1-3
	1.3.2	Statement of Assets and Liabilities ............................................................................................. 1-4
	1.3.3	Summary of Funds ...................................................................................................................... 1-5
	1.4	Notes to the Financial Report .......................................................................................................... 1-6
	1.5	Financial Report Approval ............................................................................................................... 1-9
2	Independent Examiner’s Report .............................................................................. 2-1
	2.1	Introduction ...................................................................................................................................... 2-1
	2.2	Respective Responsibilities of Trustees and Examiner .................................................................. 2-1
	2.3	Basis of Independent Examiner’s Statement .................................................................................. 2-1
	2.4	Independent Examiner's Statement ................................................................................................ 2-1

St Mary’s Church, Sunbury-on-Thames

Annual Financial Report 2024

Section 1

Annual Financial Report for 2024

1.1 Introduction

This Annual Financial Report for 2024 has been prepared for the Trustees of the Parochial Church Council (PCC) of the Ecclesiastical Parish of St Mary’s, Sunbury-on-Thames, a charity registered with the Charity Commission under reference 1133834. It covers the accounting period from 1 January 2024 to 31 December 2024.

The financial statements have been prepared in accordance with the Charities Act 2011 and Church Accounting Regulations 2006 together with applicable standards and the Charities Statement of Recommended Practice (SORP) except where detailed below.

As the gross income of the charity from all sources is less than £250,000, the financial statements have been prepared under the receipts and payments convention except for the valuation of investment assets which are shown at market value.

1.2 Accounting Policies

1.2.1 Funds

The funds for which the PCC is responsible are held in bank accounts with Barclays Bank plc and are listed in Table 1-1.

TABLE 1 – 1 FUNDS

TABLE 1 – 1 FUNDS
	Nature of Bank Accounts
Unrestricted Funds St Mary’s Church St Mary’s Parish Hall Restricted Funds Designated Funds St Mary’s Church Restoration Fund St Mary’s Parish Hall Restoration Fund	Current account Current account Deposit account Deposit account Deposit account

This Report includes all transactions, assets and liabilities for these funds 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 two affiliated funds listed in Table 1-2 are separate charities registered with the Charity Commission. They prepare separate annual financial reports and their income, expenditure and investment valuations are not included here.

TABLE 1 – 2 AFFILIATED FUNDS	TABLE 1 – 2 AFFILIATED FUNDS
Fund Name	Charity Number
St Mary’s Endowment Fund The Vigne-Bremner Almshouses	1069355 213816

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St Mary’s Church, Sunbury-on-Thames

Annual Financial Report 2024

1.2.2 Income

• Cash collections are recognised when received by or on behalf of the PCC.

• Planned giving receivable under covenant or GiftAid is recognised when received.

• Income tax recoverable on covenants or GiftAid donations is recognised when received from HMRC. This policy is contrary to recommended accounting practice but has been adopted as it is considered a practical approach and unlikely to result in a material difference from recognising the tax credit when the income is recognised.

• Grants and legacies to the PCC are accounted for as soon as the PCC has been notified of its legal entitlement, the amount due and that title has been vested in the PCC.

• Rental income from the Parish Hall is recognised when received. Amounts outstanding at 31 December 2024 are not considered to be material.

• Dividends and interest receivable and corresponding tax credits are recognised when received.

1.2.3 Expenditure

• All payments are made by standing order, direct debit or bank transfer and are recognised when debited to the relevant bank account. No payments are made by cash.

• All payments are supported by appropriate bank mandates or invoices. In the case of charitable donations where there is no invoice, these are agreed by the PCC or Standing Committee prior to payment.

• All exceptional payments are agreed by the PCC or Standing Committee prior to payment.

1.2.4 Fixed Assets

• Consecrated and beneficed property is excluded from the accounts by s.96(2)(a) of the Charities Act 2011.

• • No value is placed on moveable church furnishings held by the churchwardens on special trust for the PCC and which require a Diocesan Faculty for disposal since the PCC consider this to be inalienable property.

• All expenditure incurred during the year on consecrated or benefice buildings and moveable church furnishings, whether maintenance or improvement, is written off as expenditure in the Statement of Financial Activities (SOFA) and separately disclosed.

• The Parish Hall is classed as an asset and its value is shown as its re-building cost as recorded in the insurance policy held with Ecclesiastical Insurance.

1.2.5 Investments

Investments are valued at market value at 31 December 2024.

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St Mary’s Church, Sunbury-on-Thames

Annual Financial Report 2024

1.3 Financial Information

1.3.1 Summary of Financial Receipts and Payments

The summary of our receipts and payments (R&P) during the year is summarised in Table 1-3.

TABLE 1 - 3 SUMMARY RECEIPTS & PAYMENTS

	Unrestricted Funds	Unrestricted Funds	Restricted Funds	Total All Funds	Total All Funds	Notes
	Church £	Parish Hall £	£	2024 £	2023 £
Income: Income from donors Events & other income Income from trading activities Income from investments Net transfer from Church a/c to Restricted Funds a/c	146,843 48,506 7,933 73 (37,098)	- 41 41,055 -	85 317 - - 37,098	146,928 48,864 48,988 73 -	107,860 25,400 53,948 72 -	1, 7 2 3 A&L
Total income:	166,257	41,095	37,501	244,853	187,280
Expenditure: Charitable giving Church work Fund raising & publicity Church administration	1,652 140,474 4,305 15,512	- 16,369 - 5,678	- - - -	1,652 156,844 4,305 21,190	3,758 144,921 3,146 44,097
Total Expenditure:	161,943	22,048	-	183,991	195,923
Reconciliation of Funds: Net income (expenditure): Transfers between funds	4,313 13,623	19,048 (11,047)	37,501 (3,161)	60,862 -585	(8,642) (415)
Net Movement in Funds;	17,936	8,001	34,340	60,277	(9,057)
Bank accounts at 1 Jan:	588	1,964	16,489	19,041	28,098
Bank accounts at 31 Dec:	18,525	9,964	50,829	79,318	19,041

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St Mary’s Church, Sunbury-on-Thames

Annual Financial Report 2024

1.3.2 Statement of Assets and Liabilities

The statement of our assets and liabilities (A&L) at the year-end is shown in Table 1-4.

TABLE 1 – 4 ASSETS & LIABILITIES

	Unrestricted Funds	Unrestricted Funds	Restricted Funds £	Total All Funds 2024 £	Total All Funds 2023 £	Notes
	Church £	Parish Hall £
Bank Accounts: Current Accounts Deposit Account - Designated Funds Deposit Account - Church Restoration Deposit Account - Hall Restoration	18,525	9,964	20,665 15,043 15,120	28,489 20,665 15,043 15,120	2,552 748 9,225 6,516	R&P 4 5 5 6
Total Bank Accounts:	18,525	9,964	50,829	79,318	19,041
Debtors: Almshouses Repayment of Loan Parish Hall Hire – December Payment Gift Aid recoverable (est)	- - 3,000	2,500 -	- - -	- 2,500 3,000	1,300 - 3,000
Total Debtors:	3,000	2,500		5,500	4,300
Investments: COIF (Wm Pembroke Charity) COIF (Sunbury School or Parish Stock)	1,542 1,157	- -	- -	1,542 1,157	1,508 1,131
Total Investments:	2,699			2,699	2,639
Buildings: Parish Hall		1,172,841	-	1,172,841	1,136,485
Total Buildings:		1,172,841		1,172,841	1,136,485
TOTAL ASSETS:	24,224	1,185,305	50,829	1,260,358	1,162,465
Liabilities: Diocese Statutory Fees (Q4 2023) Sundry creditors	0 800	- 200	- -	0 1,000	1,572 1,000
TOTAL LIABILITIES:	800	200	-	1,000	2,572

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St Mary’s Church, Sunbury-on-Thames

Annual Financial Report 2024

1.3.3 Summary of Funds

Fund income and expenditure and final balances are shown in Table 1-5.

TABLE 1 – 5 SUMMARY OF FUNDS

	Balances at 1 Jan 2024 £	Income £	Expenditure £	Transfers, other gains and losses £	Balances at 31 Dec 2024 £
Unrestricted Funds: Church General Fund Parish Hall General Fund	588 1,964	166,257 41,095	(161,943) (22,048)	13,623 (11,047)	18,525 9,964
Total Unrestricted Funds:	2,552	207,352	(183,991)	2,576	28,489
Restricted Funds: Designated Funds Church Restoration Fund Parish Hall Restoration Fund	748 9,225 6,516	402 123 104	- (400) -	19,515 6,095 8,500	20,665 15,043 15,120
Total Restricted Funds:	16,489	629	(400)	34,110	50,829
TOTAL FUNDS:	19,041	207,981	(184,390)	36,686	79,317

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St Mary’s Church, Sunbury-on-Thames

Annual Financial Report 2024

1.4 Notes to the Financial Report

1. A net transfer of £37,098 from the Church current account to the Restricted Funds accounts shown here reflects funds that were paid into the Church current account but that were identified as properly belonging to the Restricted Funds accounts. Inclusion of the transfer in this way avoids double counting this income.

2. An analysis of the total income is shown in Table 1-6.

TABLE 1 - 6 ANALYSIS OF INCOME

	Unrestricted	Unrestricted	Restricted Funds	Total All Funds	Total All Funds	Notes
	Church £	Parish Hall £	£	2024 £	2023 £
Donors: Planned giving On-line giving Cash collections Other donations & legacies Gift Aid recovered	34,992 43,715 14,788 38,880 14,468					7 8 7, 12
		-	85	35,077	40,335
		-	-	43,715	33,726
		-	-	14,788	12,873
		-	-	38,880	457
		-	-	14,468	20,331
Total Income from Donors:	146,843	-	85	146,928	107,723
Events & Other Income: Fairs & sales Events Bank interest Grants Other income Designated funds	503 4,965 86 10,000 1,289 31,663
		-	-	503	224
		-	-	4,965	1,293
		-	317	403	1,017
		-	-	10,000	-
		41	-	1,330	1,715
		-	-	31,663	21,288
Total Events & Other Income:	48,506	41	317	48,864	25,537
Trading Activities: PCC wedding & funeral fees Church hire Parish Hall hire	7,933 - -
		-	-	7,933	11,175
		-	-	-	-
		41,055	-	41,055	42,773
Total Trading Activities Income:	7,933	41,055	-	48,988	53,948
Income from Investments: Dividends & interest	73
		-	-	73	72
Total Investment Income:	73	-	-	73	72
Net Transfers Between Funds: Church a/c to Restricted a/c	(37098)
		-	37098	-	-
Total Net Transfers:	(37,098)	-	37,098	-	-
TOTAL INCOME:	166,257	41,095	37,501	244,853	187,280

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St Mary’s Church, Sunbury-on-Thames

Annual Financial Report 2024

3. An analysis of the total expenditure is shown in Table 1-7.

TABLE 1 – 7 ANALYSIS OF EXPENDITURE

	Unrestricted	Unrestricted	Restricted	Total	Total	Notes
	Church £	Parish Hall	Funds	All Funds 2024	All Funds 2023
		£	£	£	£
Charitable Giving: Charitable Giving	1,652					9 10 11 12 12 12
		-	-	1,652	3,758
Total Charitable Giving:	1,652	-	-	1,652	3,758
Church Work: Diocesan Common Fund Diocesan Statutory Fees Assistant Priests' Fees Organist Fees Ministry / Mission Expenses Utility Supplies Insurance Repairs & Maintenance Supplies & Services Retreat Expenses	85,800 9,294 4,915 7,625 4,996 8,515 5,826 3,331 4,701 5,471
		-	-	85,800	82,500
		-	-	9,294	2,856
		-	-	4,915	5,068
		-	-	7,625	8,200
		-	-	4,996	5,674
		8,697	-	17,212	15,033
		1,364	-	7,190	6,728
		4,908	-	8,239	4,682
		1,400	-	6,101	7,769
		-	-	5,471	6,411
Total Church Work:	140,474	16,369	-	156,844	144,921
Fund Raising & Publicity: Cost of Fetes & Bazaars Advertising	3,173 1,131
		-	-	3,173	1,611
		-	-	1,131	1,535
Total Fund Raising & Publicity:	4,305	-	-	4,305	3,146
Church Administration Staff Salaries Stewardship Expenses General Office Costs Print, Post & Stationery Bank Charges Equipment Independent Examination Almshouses Temporary Loan Other Expenses Grants from Restricted a/c	10,405 - - 2,519 598 - 360 - 1,631 -
		5,543	-	15,948	15,613
		-	-	-	-
		-	-	-	-
		-	-	2,519	1,991
		-	-	598	1,390
		135	-	135	21,931
		-	-	360	-
		-	-	-	-
		-	-	1,631	-
		-	3,161	3,161
Total Church Administration:	15,512	5,678	3,161	24,351	44,097
TOTAL EXPENDITURE:	161,943	22,048	3,161	187,152	195,923

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St Mary’s Church, Sunbury-on-Thames

Annual Financial Report 2024

1. The last GiftAid claim covered donations made during the 6 month period 1 April to 30 September 2024 and a new submission will be made covering the period 1 October 2024 to 31 March 2025. It is estimated that a claim for approximately £6,000 will be made of which approximately £3,000 would be attributable to the period covered by this report.

2. The PCC has the investments listed in Table 1-8 held in Trust on its behalf by the London Diocese Fund. The income is received by the PCC.

TABLE 1 – 8 INVESTMENTS

TABLE 1 – 8 INVESTMENTS
	Market Value 31 Dec 2024 £	Market Value 31 Dec 2023 £
76 shares COIF Charities Investment Fund (Wm Pembroke Charity) 57 Shares COIF Charities Investment Fund (Sunbury School or Parish Stock)	1,542 1,157	1,508 1,131
TOTALS	2,699	2,639

1. The Parish Hall is classed as an asset and its value is shown as its re-building cost as recorded in the current insurance policy held with Ecclesiastical Insurance.

2. During 2024, a restricted legacy of £10,000 and unrestricted legacies totalling £37,985 were received and paid into the Church current account. A sum of £37,098 was transferred into the Restricted Funds accounts (see Note 1).

3. Grants totalling £10,000 were rec3eived from St Mary’s Endowment Fund, an associated charity, as a contribution towards the purchase of a piano for the Church which was made in 2023 and reported in the accounts for that year.

4. The recipients of charitable giving during the year are shown in Table 1-9.

TABLE 1 – 9 CHARITABLE GIVING

TABLE 1 – 9 CHARITABLE GIVING	TABLE 1 – 9 CHARITABLE GIVING
		2024 (£)	2023 (£)
Parish Collections:	Children’s Society Shelter St Saviour’s Food Bank (Sunbury) DEC Turkey Earthquake Appeal	71	11 500 500 300
Parish Donations:	Royal School of Church Music Walsingham College St Saviour’s Food Bank (Sunbury) Local Family Other donations	231 1,000	127 1,200 900 220
	TOTALS	1,302	3,758

1. The Diocesan Common Fund is the parish’s contribution to the Diocese of London and represents 100% of the £85,800 contribution agreed with the Diocese.

2. The Diocesan Statutory Fees relate to the fees due to the Diocese for weddings and funerals held in the parish.

3. Remuneration of staff working on behalf of the PCC is listed in Table 1-10.

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St Mary’s Church, Sunbury-on-Thames

Annual Financial Report 2024

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TABLE 1 – 10 STAFF COSTS

	2024	2023
	(£)	(£)
Parish Administrator (1)	-	8,514
Parish Administrator (2)	10,405	1,584
Assistant Priests	4,915	5,068
Organist	7,625	8,200
Church & Parish Hall Cleaner (1)	-	3,255
Church & Parish Hall Cleaner (2)	5,543	2,260
TOTALS	28,488	28,881

The Assistant Priests, Rev S Douglas Lane and Canon R Morrison received payments for their regular support to the Vicar in running services and supporting parish activities. Rev S Douglas Lane also officiated at a number of weddings and funerals for which he received payment in accordance with the Diocesan scale of fees.

Payments totalling £4,996 were made to The Rev. A Downes (PCC Chairman) as a contribution to the running costs of the vicarage, travel and other expenses directly associated with the Church and its mission.

1.5 Financial Report Approval

This Financial Report for the year ended 31st December 2024, including the notes, was approved by the PCC and signed on its behalf by The Rev. Andrew Downes, PCC Chairman:

Signed:

Date: 27 March 2025

Andrew Downes Vicar

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St Mary’s Church, Sunbury-on-Thames

Annual Financial Report 2024

Section 2

Independent Examiner’s Report

2.1 Introduction

This report on the accounts of the Parochial Church Council (PCC) of the Ecclesiastical Parish of St Mary’s, Sunbury-on-Thames for the year ended 31 December 2024, which are set out on pages 1-1 to 1-9, is in respect of an examination carried out under Regulation 31 of the Church Accounting Regulations 2008 and section 145 of the Charities Act 2011.

2.2 Respective Responsibilities of Trustees and Examiner

The PCC members are responsible for the preparation of the annual reports. The PCC members consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed.

It is my responsibility to:

1. examine the accounts under section 145 of the Charities Act,

2. to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and

3. to state whether particular matters have come to my attention.

2.3 Basis of Independent Examiner’s Statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters.

The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

2.4 Independent Examiner's Statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

• accounting records were not kept in accordance with section 130 of the Charities Act or

• the accounts do not accord with the accounting records

I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed:

Date: 18[th] February 2025

Name: Mark Blackwell ACMA Address: MHR Consultancy Limited Ferneberga House Alexandra Road Farnborough GU14 6DQ

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