THE PARISH CHURCH OF ST MARY THE VIRGIN HAYES, KENT ANNUAL REPORT and FINANCIAL STATEMENTS of the PARISH CHURCH COUNCIL for the year ended 31st December 2024 Chairperson: Curate Revd. Amanda Spence Revd. Tim Aldred Verger: Yvonne Pickford Churchwarden: Sue Pow811 Secretary: Mary Whytock Treasurer: Edward Roberts Independent Examiner: Ray Sargeant, Sargeant & Co Page 1 of 19
IAL CHURCH COUNCIL St Marls Parochial Church Council (PCC) has the responsibility of co-operating with the Rector in promoting within the ecclesiastical parish. the whole mission of the Church, pastoral, evangelistic. Social and ecumenical. It also has maintenance responsibilities for the ancienl church building and the Old Church Schools {OCS), used as the Church Hall, both of which are located in Hayes Street, Hayes. Members of the PCC are either ex-officio or elecled by the annual Parochial Church Meeling in accordance with the Church Representation Rules. PCC Members (trustees) who have served from 1 st Janua 2024 until this report was approved are: EX OFFICIO:. Rector Curate Revd. Amanda Spence Revd. Tim Aldred (from September 2024> Verger: Churchwarden: Yvonne Pickford Sue Powell Representatives on the Deanery Synod". Mary Whytock Ann Lawrance (PCC Secretsry) CO-OPTED: Edward Roberts Clare Scriven Honorary Tr8asur8r Safeguarding Officer ELECTED: David James Roger Row8 Rosemary Smith Mary Stannard Kate Davies Mark Willoughby Ann Lawranc8 Stuart Spence Sue Powell Olivia Truelove Dodd (to 17 April 2024) (to 17 April 2024) (from 17 April 2024) (from 17 April 2024) Church Administrator: Brenda Harper Appointed October 2015 Committees The PCC operates through a number of committees, which meet bebNeen the full meetings of the PCC. A Standing committee exists that is required by law to transact business when necessary between PCC meetings, subject to any directions given by the PCC. The PCC have appointed a management group to oversee the day-to-day management issues of the OCS Complex, whose acGounting detail is be within the Church's accounting system. Page 2 of 19
Statement of Trustees, Responsibilities The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordan with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of reSoUrS for the charity for that year. In preparing these financial statements, the Trustees are required to: Select suitsble accounting policies and apply them consistently. Observe the methods and principles in the Church Accounting Regulations 2006, the current Statement of Recommended Practi for Accounting and Reporting (FRS 102) and the Charities Act 2011; Make judgements and estimates that are reasonable and prudent; Slate whether {or not) applitrable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statsments; and Prepare the financial statements on a going concem basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping efficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the various accounting regulations as set out above. They are also responsible for the safeguarding of the assets of the charity and hen taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Board of Trustees and signed on its behalf by". Chairperson of the Parochial Church Council Page 3 of 19
Flnancial Review The Church has operated a surplus in 2024 £16,162, for the first time post the pandemic, and a significant improvement compared to 2023 (£20,193). The turnaround largely due the operating activities from the Old Church Schools Complex (OCS) premises, an increase in income from donors, contributor, continued higher level of investment income, and a planned reduction in the offer payment to the Diocese. The OCS premises hiring activities. generated a surplus of £33,440 an increase of £8.9k compared to 2023. The OCS Committee introduced a policy to hold 10 % of annual surplus £3.3k in the fabric reserrfe for the ongoing maintenance of the property. OCS financial activities are detailed in Note 11. The surplus has increased the general reserves above the required level to meet the PCC funding policy of six months expenditure, without drawing from designated reseries. Income: Income from donors increased in 2025, following the launch of a planned giving scheme in Q4, overall, to £58,065 (£52,465), with planned giving £45,436 (£41,368) boosted by higher collections and sundry income £12,629 (£11,097). Fee income £5,564 (£3,662) is higher than 2023 with an increased number of funeral and wedding services. The OCS Income from aGtivities in 2024 higher than prior year £60,058 (£42,336) with a full demand of hiring activity. Ex enditure: Expenditure from ordinary activities was lower than 2023 including OCS, £131,560 (£135,073) with a lower Offer Payment to the Diocese £58,587 (£64,300). utility costs were also lower than in 2023, benefiting from lower Consumption. OCS expenditure was £9k higher than prior year with increased costs aligned to higher use of the premises. Outlook: The outlook for 2025 is positive with continuation of higher anticipated Income from donors, following the planned giving scheme launch, and ongoing external demand for hiring of the OCS premises. The PCC agreed to increase the level of Offer Payment to support the Diocese, whilst maintaining balanced ov8rall financial activities, to avoid a drawing required from Designated Reserves. The running costs will continue to remain similar to 2024, with a mild inflationary increase anticipated. Reserves: The value of Unrestricted reserves at the end of the year £430,767 (General and Designated) provides financial strength beyond the next financial year. A donation of £5,000 was granted from legacies to the Hayes Community Minibus Trust, to support replacement of the vehicle. The OCS complex designated reserve has been supplemented with a proportion of the surplus in 2024, £3,344 and there were no drawings from the fund or the Quinquennial funds. Full details of reserves in Notes 9(b) and 9 (c). Page 4 of 19
Full details of reserves in Notes 9{b) and 9 (c). Indapendent Examlnef s Report to the Hayes (Kent) Parochlal Church Councll This report on the accounts of the PCC for the year ended 31 st December 2024, which are set out in the previous pages, is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 (the "Regulations") and s.145 of the Charilies Act 2011 (the "Acr). Respective responslbilities of trustees and examlner As the members of the PCC you are responsible for the preparation of the accounts; you consider that the audit requirements of the Regulations and section 144(2) of the Act do not apply. It is my responsibility to issue this report on the accounts in accordan with the terms of the Regulations. Basis of this report My examination was carried out in accordance with the General Directions given by the Charity Commission under section 145(5)(b) of the Act and to be found in the Church guidance, 2006 edition, issued by the Finance Division of the Archbishops, Council. The examinaiion includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The piocedures undertaken do not provide all the eviden that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent examinef s statemgnt 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 wilh section 130 of the Act. or the accounts do not accord with those records; or the accounts do not comply with the applicable requirements conceming the form and content of accounts set out in the Act or the Regulations other than any requirement that the accounts give a 'lrue and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed by: C_ Page 5 of 19
STATEMENT OF FINANCIAL ACTIVITIES for the year endad 31 st December 2024 All figures in £'s Unrestricted Funds Genèral Des1 nated Restricted Funds Totsl 2024 Total 2023 Note INCOMING RESOURCES Incomingresources from donors 2(a) 58,065 58,065 52,465 Other volunt8ry Incom 21b) 1,003 13,984 14,987 59,200 Incom8 from events & acllvlfyes 2(c) 7,005 4,957 11,962 10,431 Oth8rordin8ry Incom8 21d) 70,427 40 100 70,567 51.904 Income from inv8Stm8nts 218) 18,570 1,107 19,678 15,039 TOTAL INCOMING RESOURCES 154,066 2,150 19,041 175,257 189,040 RESOURCES USED Mis&onary and ¢harlty glvlng 31a) 500 4,828 5,328 5,490 Acrfvltles directlyreleting to rh8 th of the chu 3{b) 129.366 5,000 9,553 143,919 146.539 Fundaf8ising andpublicify 31c) Church managamentand admini8tr8fron 3(d) 1,695 1,695 1,713 TOTAL RESOURCES USED 131,560 5,000 14,381 150,941 153, 742 NET INCOMINGIIOUTGOING) RESOURCES 22.508 (2.850) 4.660 24,318 35,298 NET MOVEMENT IN FIXED ASSETS GAINS AND LOSSES ON INVESTMENTS realised uryealised 26 26 97 TRANSFERS BETWEEN FUNDS (6.344) 6,344 NET MOVEMENT IN FUNDS 16,162 3,494 4,686 24.342 35,395 BALANCES BROUGHT FORWARD 50,190 360,921 33,442 444,553 409,157 BALANCES CARRIED FORWARD 66,352 364,415 38,128 468,895 444.553 Page 6 of 19
STATEMENT OF FINANCIAL ACTMTIES for the year ended 31st De¢ombor 2023 Ali figures in £'s Unrestricted Funds General Desi Restrlcted Funds Tot81 2023 Total 2022 INCOMING RESOURCES Incoming r8sourc8s from donors 2(8) 52,465 52,465 53,431 Other voluntary income 2(b) 48,374 10,827 59,200 12,521 from events & activltlgs 2(c) 5,397 5,035 10,431 14,315 Other ordinary income 2(d) 50,801 1, 103 51,904 56,769 Incom8 from inv8Stm8nt8 2(e) 14,218 821 14039 3,772 TOTAL INCOMING RESOURCES 122,881 50.298 15,861 789.040 140,808 RESOURCES USED Mlssion8ry and charity giving 3(a) 4,990 5.490 5,715 Activities directly relating to the bwrk of the church 3(b) 132.860 366 13,313 146,539 146, 191 Fund48lslng 8nd publicity 3(c) Church manag8m8nt and adminlstr8tion 3fd) 1,713 1, 713 1,546 TOTAL RESOURCES USED 135,073 366 18,302 153, 742 153,453 NET INCOMINGI(OUTGOING) RESOURCES (12, 193) 49,932 (2,441) 35,298 (12,645) NET MOVEMENT IN FIXED ASSETS CLOSING GRANT FROM OCS TRUST GAINS AND LOSSES ON INVESTMENTS lised unrealised 97 97 (138) TRANSFERS BETWEEN FUNDS 12,193 (12,245) 52 NET MQVEMENT IN FUNDS 37.687 (2,292) 35,395 (12,782) BALANCES BROUGHT FORWARD 50,190 323.233 35. 734 409, 157 421,940 BALANCES CARRIED FORWARD .190 360.921 33,442 444,553 409,158 Page 7 of 19
BALANCE SHEET AS AT 31ST DECEMBER 2024 All figUS in £'s Note 2024 2023 FIXED ASSETS Talble fixed assets estrnent assets 5(a) 5(b) 1,156 CURRENT ASSETS Debtors PrePaTren arKI Accn*d bKorne StrDrt term deposits: Diocese of RoctrBster CCLA deposit fiJKI Cash at bank arKJ In haThJ 10,596 452 280 212,961 237,439 201.985 225,770 477,898 455207 LIABILifiES: AMOUNTS FALLING DUE WtrHIN ONE YEAR (10,160) (11,785) NEfcuRRENT ASSETS 467,738 443,422 NET ASSETS 468,895 444,553 FUNDS Unrestricted - General Unrestricted - Designated Total reStrICted 9(8) 9(b) 66,352 364,415 430,767 50,190 411.111 Reslrictsd 9(c) 38,128 TOTAL FUNDS 468.895 444,553 ApprovBd by the Parochial Church cour11 on 12th March 2025 armj SIgd on Its behalf b RevBrerKJ Arnanda Spence (Chairperson) Edward Roberts {HorK)rary Treasurer) The rK)tes nnbered one to eleven on the followirKJ pages form part of these accounts. Page 8 of 19
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 st December 2024 CHARITY REGISTRATION In accordance with the requirements of the Charities Act the PCC was registered as th separate charity with effect from 28 January 2010 (registration number.. 1133878). The charity name is "The Parochial Church Council of the Ecclesiastical Parish of St Mary's, Hayes, Kent" however, the working name remains "Hayes (Kent) Parochial Church Council." The trustees are both the ex-officio and the elected members of the PCC. ACCOUNTING POLICIES The financial statements have been prepared in accordance with the Church Accounting Regulations 2006, the current Statement of Recommended Practice for Accounting and Reporting (FRS102 - applied from 1st January 2016) and the Charities Act 2011. The financial statements have been prepared under the historical cost convention except for the valuatlon of investment assets, which are shown at market value. The accounts include all transactions. assets and liabillties for which the trustees are 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. Funds The General Reserv8 repr8senls the funds of the PCC that are not subject to any restrictions regarding their use and are available for the general purposes of the PCC. The current policy of the PCC is for the General Reserve to be at a minimum level of £50,000, which is approximalely six months, ordinary expenditure (Excluding OCS Complex). On this basis the trustees continue to adopt the going concern basis in preparing these financial statements. Design8ted Funds and Reserves represent monies that have been set aside by the PCC for specific needs or projects, but which remain under the control of the PCC. As such they may be subject in the future to either re-designation or transfer back to the General Reserve. RestriGted Funds and Reserves represent monies that have been either donated or received in connection with a specific use, need or project and thus they may only be used in this connection. As such they are not normally available for the general use of the pcc. Incoming Resources Planning giving, collections and similar donations are recognised when received. Tax refunds (usually through Gift Aid) are accrued for in the same accounting period as the incoming resource to which they relate is Ceived. Grants and legacies are accounted for as soon as the PCC is notified of legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain. Dividends are accounted for when payable, interest as and when accrued by the payer. All incoming resources are accounted for on a gross basis. Page 9 of 19
NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31st December 2024 ACCOUNTING POLICIES (continued) Resources Used Grants and donations are accounted for when paid over, or when awarded if that award creates a binding obligation on the PCC. The diocesan "offer payment" is accounted for when payable, with any amount unpaid at 31 st December provided for in the accounts as an operational (though not a legal) liability and thus shown as a creditor in the Balance Sheet. All other expenditure is generally recognised when it is occurred and is accounted for gross. In addition accruals are raised at the end of each accounting period for expenditure which has been incurred in that period, but which has not been paid out by the period end. Flxed Asset8 Consecrated property and movable church furnishings Consecrated and beneficed property is excluded from the accounts in accordance with the Charities Act 2011. Movable church fumishings held by the Rector and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. All expenditure incurred during the year on GonseGrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is separately disclosed and usually written-off as expenditure in the accounts. Other fixtures, fittings and office equipment Equipment used within the church premises is usually written-off when the asset is acquired. Any exGeptions to this policy are fully disclosed, together with a note regarding depreciation policy. Gains and losses on investments Realised gains or losses are recognised when investments ar8 sold. Unrealised gains or losses are accounted for on the revaluation of investments at 31 st December. Current Assets Debtors Amounts owing to the PCC at 31 st December in respect of fees, rents or other income are shown as debtors less any provision for amounts that may prove uncollectable. Short-term deposits Short-term deposits include cash held on deposit with either Barclays Bank, the Diocese of Rochester or in the CBF Church of England Deposit Fund. Page 10 of 19
NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31st December 2024 All figures in £'s 2. INCOMING RESOURCES - 2024 Unrestricted Funds nat Restricted Funds Total 2024 Total 2023 2{a) Incomlng r8sourcgs from donors Planned Gimng.. CovenantslGift Income lax reverable Collections and box8S Sundry donations 35,436 10,000 9,735 2.894 58,065 35.436 10,000 9,735 2,894 58,065 32.024 8,463 2.634 52,465 2(b) Other volunf8ry Income Churchyard donations Youth and families, worker Memorials and18gaci8S 13,624 360 13,624 863 500 14,987 10,377 5,050 43, 774 59,200 503 500 1,C#J3 13,984 2{cl Incom8 fmm events & 8Ctivities Fees Magazine and bookBtall Fabric and bells fund Organ fund Flower fund Parents and toddler group Rlnger8' Gulld Fund-rai8ing activities 5,564 1,441 5,564 1,441 3,662 1, 734 130 130 97 4.828 4.957 4,828 11,962 4.938 10.431 7,005 2{d} Other ordlnary income Churchyard Income Income from OCS flat Inrne from OCS act[tIeS Warm Spaces Net movement In wedding deposrts Sundry Income 7.140 60,058 7,140 60,058 40 100 6, 750 42,336 1,103 40 100 1, 715 51,904 100 70,567 21el Income from investments Dividends and interest 1.107 1,107 19,676 19,676 1&039 15.039 18.570 TOTAL INCOMING RESOURCES 154,066 175,257 189.040 Page 11 of 19
NOTES TO THE FINANCIAL STATEMENTS (contlnued) for the year ended 31st December 2024 Al fgur88 in £'s 2. INCOMING RESOURCES . 2023 Unrestricted Funds General De& Restricted Funds Total 2023 Total 2022 2(8) Incoming resources from ¢*onors Planned Giving.. COven8ntGift Ald Incom8 18x recoverable Collections and boxes Sundry donations 32,024 9,344 8,463 2,634 52.465 32,024 9,344 8,463 2,634 52,465 35.300 9.133 4,138 53,431 2(bJ Other voluntary incom8 Churchyard donations Youth 8nd familles, wker Men70rials 8nd1898cI8s 10,377 450 10,377 5.050 43, 774 59,200 71,471 1,050 43, T74 48,374 tO,827 12,521 2(c) Income from events & activltles Fees Magazine and b¢)okstall Fabric and bells fund Organ furn Flofftr fund Parents 8nd toddler group Ringers, Gulld Fund-raising actiwties 3,662 1,734 3,862 1,734 1,513 97 97 145 4,938 5,035 4,938 10.431 4,55T 14,315 5,397 2(dJ Other dInary Income Churthy8rd Income Income from OCS flat Income fn)m OCS actlwtles Warm Spaces Net movement In ddIng d8POSIts Sundry Income 6, 750 42,338 6, 750 42,336 1,103 1,103 1. 715 50,801 1, 775 51,904 &049 56, 769 1, 103 2(eJ Income from Investments Diwdends and interest 14.218 14.218 821 821 15,039 15,939 3,772 3, 772 TOTAL INCOMING RESOURCES 122,881 50,298 15,861 189,040 140,808 Page 12 of 19
ENT NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31st December 2024 All figures in £'s 3. RESOURCES USED - 2024 Unrestricted Fund8 General Desi nated Restricte Funds To 2024 Tot81 2023 31al Missionary and charity glving Local Charitieg National Charities 0r$88S Charities 20 3,073 1.049 705 3,093 1.049 1,185 1,933 480 500 1.592 5,490 31b) Actlvities dlrectly ffjlating to the Mork ol the church Mlnistry.. "Offer payment to Dlocese Admlnlstration costs Rectory upkeep costs Church serwce expenses Youth and families, worker General running expenses General repairs Insurance costs Llght, heat and water Eypendilure on magazine Organlst, choir and music Churchyard eendIture Flower fund OCS ActitIeS eypandlture Warm Spaces Use of legacies Sundry Wienses 58,587 9.677 3,815 465 58.587 9,677 3,815 4579 762 5,490 1,437 3,083 4,918 1,776 5.003 5,4go 1.437 3.083 4,916 1,776 5,003 9,264 290 33,758 4,999 3,252 3,446 11,198 1, 786 5,202 10,839 339 24.618 366 9,264 290 33,758 5.000 5,000 1.358 1, 183 146,539 143919 31c) Fund-rai&ng and publicity Aopeal expenses 31d) Church management and 8dmini8tr8tlon countancy and bank charges 1,695 1.695 1. 713 1, 713 1,6g5 TOTAL RESOURCES USED 131,560 5.000 14,381 150 941 153.742 Page 13 of 19
NOTES TO THE FINANCIAL STATEMENTS {continued) for the year ended 31st December 2024 All figures in £'s I RESOURCES USED . 2023 Unrestricted Funds General Desi Restricted Funds Tota 023 Total 022 3(8) Mis&onary and charity giwng Local Charits'es N8tional Charitles Overs888 Charities 20 1,913 1,965 1.112 4,990 1,933 1,965 2,479 886 2.350 &715 500 5.490 3(b) Activitles dlrectly relating to the work of the church Mlnislry.. 'Offert P8ym8nt to Dioc8S8 Administration ct)sts Rectory upkeep costs Churth service expenses Youth and families. wker Gener81 njnnlng exp6ns6s General repairs Insuranc8 Costs Llght, heal and fjter Expenditure on m8gazlne Organist, choir and music Churchyard expenditur8 FI0er fund P8r8nts and Toddler Group OCS Fl&t Costs OCS ALt{tIeS expendlture Warm Spaces Use of legacles Sundry expenses 64,300 8.670 5.579 762 8.670 3,445 762 9.207 1,359 430 2,134 4,999 3.252 3.448 11,198 1.786 5,202 4,999 3,252 3,446 11,798 1, 786 5.202 10.839 339 2.284 2,519 3,320 8,880 1, 776 4,584 9, 782 182 10,839 339 24.618 24,618 366 33.795 3, 793 146, 191 132,860 366 13,313 146 539 3(c) Fundwf8i&ng and publlcity App881 expenses 3(d) Church management 8nd 8dminlstr8tion AcGountan¢y and bank charges 1, 713 1, 773 1,546 1,546 1.713 TOTAL RESOURCES USED 135.073 78,302 153, 742 153,453 Page 14 of 19
NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 st December 2024 All figures in £'s 4. STAFF COSTS 2024 2023 Wages ar salarfes Pension costs Social security costs 9,360 281 27 9.668 8,424 253 8,677 PCC emplOd BrerKI8 H8rper as the Church Administrator Ihroughout both years. 5. FIXED ASSETS FOR USE BY THE PCC 5(a) T8nglble fixed assets 2024 2023 Gross arKJ Net Book Value At 1stJanuary Additior Depreciation Dlsposals At 31st December The Trustees have taken a fresh view of the OCS lar¥J arKJ buildlngs armd decided mtto ascrfbe a value from hereon land restate the preMoLL8 year) dLB to the historlc nature of buildirvJ, its inallenable natLKe ar¥J the lack of ary supportable evidence for a valuation. By way of infomiallon the building ceased to be a school with ownershlp "transferrirvJ" to the ChLrch in 1938: however rK)te of ary Colderation is awdilable. The currt insured alue of the buildirKJs is c£3.0m. 5(b) Investments 2024 2023 kncome Shares At 1st January Additions Dlsposals Revaluation Galrl{Loss) At 31 st December 1,130 1.033 26 97 1,130 The investment represents bequeathed shares held by the Diocesan Board of Flnance, ts irKome of whith is paid to ts PCC. current Vdlue is as notofied by Diocese. 6. RELATED PARTY TRANSACTIONS The total amounted received (excludiTrJ any associated Gift Aid) during the year, either by way of Planred Giviro or donations, from any person (or tfEir spouselpartrEr) who was a Trustee at ary point in 2024 arnOted to £4.540 (£5,040) In respect of Unrestricled aThJ ril in respect of Restricted Funds. Tre total amount paid byway of eyenses. as opposed to reimbLwsement in the nomial course for materials aTrJlor senices purclsed on beha of PCC, to Trustees durfr@ year amounted to nil. Page 15 of 19
NOTES TO THE FINANCIAL STATEMENTS (continued) for the year endod 31st December 2024 All figures in £'s 7. DEBTORS 2024 Gtft aid recoverable Other debtors 10,596 10,596 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 OCS receipts subjact to rafund Hayes H8rald advance Sncome Year-end accruals Sundry other credf(ors 100 168 9,883 177 10,160 10,849 769 11,785 9. ANALYSIS OF DESIGNATED AND RESTRICTED FUNDS 91a) G8n8r81 Fund8 2024 2023 The mi)vements on the UnreStrted General Fund are summadsed in the ststement of Flnanclal ActItI68, th d8ts11 contalned In Not88 2 and 3. Income durlng the year Outgolngs durlng the year Fund Transfers {n8tl Net Movement At 1st January 31st December 154,066 (131,580) 6,344 16,162 50,19) 86,352 122.881 (135,073) 12,193 50, 190 50,790 Representsd by:" Flxed Assets Current Assets Current LIablIleS 76,512 10,160 66,352 61.975 11, 785) ,190 Page 16 of 19
NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31st December 2024 All figures in £'s 9. ANALYSIS OF DESIGNATED AND RESTRICTED FUNDS (continued) 91bl Designsled Funds Sund Memorials L¢ OCIè$ Weddi Yothand Families. Worker ocs om F brfc W8nMS a$ Reserve Reserve Furkl Irume In 2024 IOing3 In 2024 Transfersloepreciat'on Nel Molemont At 1 st J8rrtJ8ry At 31st December 500 15,0001 503 3.344 4,107 40 14,5001 201,053 19e553 503 38,688 39.191 4,107 89.896 737 777 Represerted by.' FiyAd Assets CLrrnntAssets Curent Llablllles 196.553 39,191 93,240 34,e54 777 1g6553 777 Income in 2023 Jtgolngs In 2Q23 Transfsrs/D8prgol8tlon Natmovement Al IstJ8nu8ry At 31stDèc8mb 43,774 2,447 3,821 1,103 13661 f17,691 26.082 174,971 201,053 4,600 34,088 38,688 2,447 8T,449 89,696 J.821 26,725 30.547 737 737 glcl Rethcted Funds hjrc rd Fk)wer FuTrJ Fu yOh aTr Famllles, Worker Rin Gulld FUTr OCS Flat De Weddln, De Fur Fu Fund ome In 2024 lknolros In 2024 Tran8fèr8lReN8luatio N81 Movement Al 1 $1 Jarrtjary Al 31st Oecember 13,624 19.2641 380 10. 12901 26 26 1.130 4,360 11601 360 1.861 300 300 31492 24 10, Repre3erted by.' FId Assets Cuff&nt Assets Cuwent Liabilities 1.158 31.492 1,224 1,995 1,861 300 10 31,492 300 10. Incom8 in 2023 tgoings in 2Q23 TransfersR8v8luallong Netmovement At tslJanuary At31stDe¢&mber 10,377 flO,539J 97 (339) 450 12,134} 97 97 1,033 1,150 (463) 27,595 27.132 (2421 1,626 1.384 450 1,185 1,635 (2.1341 2.134 7.861 1,861 3QO 300 Page 17 of 19
NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31st December 2024 10. LONG SERVING TRUSTEES Charity Governance Code (the 'Code") recommends that trustees are appointed for an agreed length of time and the current policy of Hayes (Kent) PCC is that trustees who are not ex-officio are required to "step down" for at least one year at the end of their usual three-year appointment. The code also stipulates that if a trustee has served for more than nine years, then their reappoinlment should be subject to both a specific review and explained in the annual report. Mary Whytock has served in her role as Honorary Secretary since 2008. It is the intention that Mary Whytock continues in her role for another year, and this was discussed and passed as a molion at a meeting of the PCC on 12th March 2025. The rationale for this is her speGific expertise and the lack of any alternative nominations. 11. OCS STATEMENT OF FINANCIAL ACTIVITIES All figures in £'s 2024 Income Flat Income OCS Hiring ActI7t1eS 7,140 60,058 67, 198 Expenditure Caretaker Costs Business Rates Cleaning Insuran Repair and maintenance Sundry Expenses Telephony Utilities Waste Management Total Expend iture (2, 328) (71) (12, 634) (2, 055) (3, 291) (1, 403) (202) (10,481) (1,292) (33, 758) Total Incomel{Outgoings) 33,440 Surplus transfer to OCS Designated Resen (3,344) Net Incomel(Outgoings) 30,096 Page 18 of 19
HAYES Additional Information Sheet not forming part of the fomial Financial Statements SUMMARY OF CHARITY GIVING 31 DECEMBER 2024 I flgures In £'s General Funds Rostricted Fund Total 2024 Total 023 Local Charities.. CASPA Demelza House Hayes Food Bank St Christopher's Friends of Rochester Cathedral Ment4 Welcare 608 608 461 154 730 496 730 496 20 461 20 52 540 20 1,239 1,239 20 3,073 3,093 1,933 N8fy¢)n81 Chariti8S.' Children's Society Mlsslon to Seafarers Royal Brltish LegSon Save The Children Fund 307 184 558 307 184 558 401 470 154 1,049 1,049 1,965 Overse8s Ch8ri118s.' Chrlstlan Ald - General Christian Aid Appeals Rochester Dlocese Ilnks CMS re Specif ic Missionary Partners Poverty and Hope Appeal 214 214 778 302 32 480 212 212 185 480 95 185 95 480 705 1,185 1,592 Total Charlty Glvlng 500 4,828 5,328 5.490 2023 Total 500 4.990 5,490 It should be noted that due to a chan8e in charity accountln8 rules as to what is allowed to be included in the formal accounts, as opposed to charity money that merely passes through the Ch urch's accounts, the full amount above does not appear in the accounts. Page 19 of 19