PC C ofst Mary willi Si Alban, Teddiiigloii Anniial Rep()rl PCC of St Mary with St Alban, TeddRngton Annual Report Year ended 31 December 2024
PCC ofSI Mary M?iili Si Alban, Teddiiigioii Aniiual reporl Contents Annual review Financial review Iiidependent examiner's report Statement of financial activities Balance sheet Notes and accounting policies 10 12 Annual review for the year ended 31 December 2024 Administrative information St Mary with St Alban churcli is situated in Teddington. It is part of the Diocese of London and is under the Episcopal area of Kensington. The correspondence address is: St Mary's Parish Hall, Langham Road, Teddington TWI19HF. The Parochial Church Council (PCC) is Registered with the Charity Commission (of England aiid Wales), Charity No. 1133919. Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. Incumbent Reverend David Cloake (appointed I I September 2023) Assistant Prie8t Reverend Mary Hawes Ordinand on Placement Mrs Sarah Rae Churchwardens Mrs Carla Maroussas Mr Adam Woods (appointed 25 April 2023) Interim Churehwarden Mr Jonathan Williains (appointed 12 November 2024) Representatives on Deanery Synod Mr Malcolm Eady (re-elected 25 April 2023) Mr Nicholas de Mattos (elected 25 April 2023) (Hon. Sec) Mrs Suzie Gordon (re-el¢cted 25 April 2023) Mr Fred Squire (re-elected 25 April 2023) (Treasurer) Mrs Sarah Rae (elected 25 April 2023) Ivfir Robin Field-smith (Diocesan Synod member co-opted to the PCC 21 September 2023) Eleeled Member5 Fvlrs Kay Cassidy (re-elected 25 April 2023) Mrs Ruth Chaperliii {re-elected 25 April 2023) fvtr Christopher Darling Mrs Sophie Edgittgton Mr Nick Fenton Mr Gareth Miller Mr James Motris Mrs Jo O'Hagan (elected 25 April 2023) Ms Alex Ruffer Mrs Margaret Squire Mrs Sue Stevens (elected 25 April 2023)
PCC offst Mary with Si Alban, Teddingion Annual Reporl Structure? governance, and management pcc". The method of appointment of PCC memb¢rs is set out in the Church Representation Rules. All church attendees are encouraged to register on the Electoral Roll and stsnd for electlOD to the PCC. The PCC and Officers wish to take this opportunity to acknowledge with grateful thanks the work of Carla Maroussas whose tenn as Churchwarden comes to its end this year. Mrs Maroussas has been the among the wardens in the parish during the COViD-19 pandemic, and through both the interregnum and the processes of selecting and appointing the new vicar a unique set of circumstances that would ty the patience of any saint! Her firni hand coupled with her characteristic good humour have been significant hal]marks of her tenure and she will also be rernernb¢d as a warden with a heart of real service especially to those on the fringes of our community. Stsndin Committee: This is the only committee required by law. It has the power to transact the business of th¢ PCC between its meetings, subject to any directions given by the PCC. The business of the PCC is to manage and oversee the various church activities which can be summarised as: Finanee: all fmancial matters related to the church. Fabric: the care and maintenance of the church building, the churchyard and parish hall. the Building Governance group which OV¢Tsees the design, planning and administration relating to the Church Building Development Project {BuildingAnew) also falls under this category. CoMmunitIons. involving design and maintenance of the church website, publication and distribution of the Newsletter, maintenance of social media accounts and production of posters and literature for the different setvices and events in the church year. Worship and Nurture., including the forn] and content of various church services, church music, arrdngements for the Sunday School. Lent and Advent discussion groups, other bible study groups and rotas for welcomers, readers, intercessions and chalice ministy, Pasloral Care,, maintenance of the parish visiting team for baptismal preparation and follow-up. visiting those who are unwell or in need of support as directed by the Vicar/Churchwardens. Links: maintaining the church's charity links and contact with the youth organisations and other oups who use the parish halj. The PCC also supports the work carried out by the Diversity & Inclusion group which aims to help our local church and community respond actively to the issues of diversity, inclusion and equality and the Sustainability group which focuses on the church's response to sustainable and ecological issues. Parish Hall Mana ement Committee: This wmmittee attends to matters relating to the upkeep and running of the Parish Hall. The Current chaimian is Mrs Jo O'Hagan. Objeclives and activities
PCC of,Si Mary ii'iih Si Albai?, Teddiiigion Aniiuul r¥porl St Mary with St Alban PCC has the responsibility of co-operating ivith tlie incumbent, Ihe Revd David Cloake, in promoting in the ecclesiastical parish the whole mission of the church: pastoral. evangelistic, social and ecumenical. It also has maintenance responsibilities for the Parish Hall, Langhain Road, Teddington. Safeguarding and Clergy Discipline The PCC has complied ivith the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016. in relation to having due regard to guidance of the House of Bishops on safeguarding children and vulnerable adults. Approved by the PCC on 18th March 2025 Rev. David Cloake
PCC ofst Mary wilh St Alban, Teddingto Annual Report Financial Review Fundraistng for Building Anew began in earnest in 2023 following the grant of planning perniission in December 2022. This effort has Continu to be our main focus in 2024 The overall project cost is £1.25m of which we aim to raise £lm and contribute £250.000 from our existing funds. To the end of December we have raised £122,888 (2023.. £169,125) inoluding Gift Aid and £16,732 from Legacies in 2024. Total funds raised is now £300,369 including monies received in 2022 and in the first 6 weeks of 2025. The table below shows that the main source of funding to date has been our very generous parishioners through Person Donations. Gross Amount I Column Laiiy Klnd of Donatlon -y X124 Personal Donation Events Legacy Bank Interest Company Donation Trust grant Collection5 FRScheme 78,438 £167,459 13,085 £ 2,035 16,731 1,9J7 £ 488 3,CMX) £ 181 2,882 250 In 2024 Building Anew spent £25,667 on the project. This w&s mainly professional fees as th¢ detailed design was completed and a document pack produced for contractors to bid against. This will be issued to contractors in 2025. During the project the large sums involved will flatter income during fund raising and distort costs during building. To make management easier the PCC monthly accounts separate out day to day and project income and costs. Tables 1-3 below do the same analysis. Overall income in 2024 fell to £408,042 (2023.. £459,633). Hall Rental income also fell to £67,441 (2024." £72.562). This was due to a reduced number of Hall hires in the first half of 2024. Similarly planned giving experienced another fall to £94,440 (2023.. £90.219). However collections (cash and contactless) were up to £33,785 (2023." £50,379). We also had a very successfvl Bazaar with income from the day itself and associated events rising to £8.148 Q023.. £8,036). Costs for 2024 were £349,017 (2023.. £352.268). This reduction was driven by lower curacy, Hall repair and vicarage costs which compensated for increases in Common Fund and Building Anew project costs. The effect of all of this is that we have a surplus for th¢ year (including recognised gains on investments) of £69,93 8 Q024.. £120,353). Our cash holdings increased by 27 % to £458,184. The valu¢ of our investments rose 7.5 % to £157,194. Total funds held rose by 9 % to £846,970. As the building project gets underway then these funds will decline Planned Giving remains our largest source of income generating £94,440 (2Q23.' £96,2J9) compared with £101,964 in 2022. This is supplemented by the Gift Aid scheme that refunds income tax paid on qualifying donations and therefore added a further £21,472 (2023.. £22,587).
PCC ofSI Mary Ivith Si Alban, Teddingion Annual reporl The table below shows the number of planned givcrs in December 2024. We had 73 givers via the Parish Giving Scheme (PGS). 69 to OUT Barclays account and l O monthly givers via CAF Donate. In total 130 - this compares unfavourably with the 175 givers in 2021. Planned gftving, including gift aid, has reduced by £20,000 since 2021. Dec-24 PGS Barclays CAF Total No. Value No. Value 65 £ 4,672 43 £ 2,296 951 3 £ 860 2(K) i £ ich) 47 Value No. Value 10 £ 503 118 £ 7,471 9 £ 1,811 3 £ 31X) Monthly Quarterly Annual Total 73 No¢e.' Ihe values refer Eo valuesperperiod-for example there are 9people who give quarterly ap7dilw gtve in lolal £J,8Jl each quwler. During 2024 we successfully changed our accounting software from QuickBooks to Xero. Results for the year Total Results for the Year The commentary below is based on a psentatIOn which differs to the legal basis, instead analysing the net income between the Church. the Hall, administration and Building Anew: l ) Incoming resources 2024 2023 Church Building Anew Hall Parish Offi¢e- Administration Total 215,694 216,471 122,888 169,125 66,616 71,737 2,843 2?00 408,041 459,633 2) Outgoing Resources 2024 2023 Church Building Anew Hall Parish Office- Admijjistration Total 203,983 238252 33,511 9,078 53,932 57,916 57,592 47,022 349,018 352268 3) Net Incom¢ 2024 2023 Church Building Anew Hall 11,711 (21,781) 89J77 160,047 12,684 13,821
PCC ofst Mary with StAlban, Teddingion Annual Reporl Parish Office- Administration (54,749) (44,722) Total {deficitysurplus for year 59,023 107J65 Gain (loss) on invesknents 10,913 12,987 Increase (decrease) in funds 69,938 120J52 Church Income attributablc to Church activities was £215.694 Q023.. £216.47]). As noted above there was a small decline in Planned Giving - £94,440 (2023.. £96,219) and ¢tn associated dccline in Gift Aid £22.587 (2023.. £21,472). However, there was an IncaSe in collections (c&sh and contactless) to £33.785 Q023.. £30,379). The Common Fund payment of £130,000 Q023.. £125.600) included £15,002 that we receivcd in rental from Flat 4 in Bychurch Close which is owned by the Diocese. Therefo our "nel" payment was £1 15,000 - this is covered by Planned Giving £94,440 and Gift Aid £22,587. The Baz&ar raised £8,148 12023.. £8.030.1 and interest received was £12,167 (2023." £3.165). The totsl costs of nmning the Church fell to £203,983 (2023.. £235,252). This reduction was due to lower curacy costs of £4,780 (2023.. £18.919).' vicarage Costs £494 Q023.. £14,402) and costs of Music £15,887 Q023.. £J7,395). Hall Hall Rental income was down at £67,441 (2023.. £71. 737). This was due to the cancellation of some bookings earlier in the year. Expenditure on the Hall (excluding depreciation and maintenance costs) was £26,671 (2025.. £17,605). The depreciation charge was £10,227 (2023.. £JO,227}. Hall maintenance Costs were £8,517 (2023.. £15,042). Parish Office The cost of running the parish office increased to £57,592 (2023 £47,022). Costs were higher due in part to additional staff hours and salary incr¢ases. Of these costs £2,843 were recovered from the Diocese thts recorded as income attributable to the Parish Office and was £2,300 in 2023. Net Income/Deficit In 2024 we showed a surplus of £59,024 this compares to a surplus of £107,365 in 2023. A gain on revaluation of investments of £10,913 (2023.. £12,987) was recognised giving an increase in funds of £69,938 12025.. £J20,352) Restricted and unrestricted fLmds To comply with relevant regulations, w¢ are requiTed to segregate our funds in the accounts betw¢¢n those which are 'unrestricted' and those which are 'restricted' (i.e. those given for a particular purpose). For 2024 restricted funds rose to £503,332 (2023.. £428,812) - these are principally the depreciated capital cost of the Hall (£237,272) and fvnds raised for Building Anew. Unrestricted funds fell to £343,638 (2023.. £348,221). The total value of funds in the Church rose to £846,970 (2023 £707,033).
PC'C afSI Mary iijiih Si Alban, Teddiiigloji Aiiniial reporl As explained in Note I b, the PCC has considered the level of reserves whi¢h should be maintained to ensure that the PCC is able to meet both day to day costs in ilie event of year-to- year fiuctuatioiis in income, as w¢ll as being in a position to fund major structural work on our church and church hall. To achieve this security the target is to maintain a general reserv¢ of £50,000 and maiiitain a separate fund to cover major structural work and the Bullding Anew Project. This year the general reserve is £60,874 (2023.. Lfy 770}. The balance on the Buildings Maintenance and Repairs Fund at the end of 2023 was £282,763 (2023.. £295,451). Balance Sheet Tlie Church is holding substantial cash and investments in order to fund the Church development project. At the end of 2024 casli and short-terni deposits stood at £458,184 f2023.. £360,885). The value of investments at the end of 2023 was £157,194 (2023.. £J46.275). Investmeiits are held in the folloiving Funds: Newton Global Growth and Income Fund, Blackrock Catholic Charities Growth & Income Fund and the CCLA CBF Church of England Fund. Debtors (receivables) were £6,607 (2V23.. £30,459j. Debtors are made up of Gift Aid tax diie from HMRC (£5,658) and prepayinents (£949). Total current assets therefore rose to £464,790 (2023. £39J.344), F J Squire Hon. Treasurer
PCC of Sl Mary ii'iih Si Albun, Teddiiiglon Aiiiiuul Reporl Independent examiner's report lo the PCC ofSI Mar)7 M'iih ,gi Alban, Teddingion I report on the financial statements ot. the charity for the year ended 31 DecemberJ825, w are set out on pages 10 to 17. Respeclive responsibililies of Iruslee and examiner Thc charity's trustees arc responsible for the preparation of the financial statements. The charity's trustees consider that an audit is not required for this year under section 144{2) of the Charitics Act 2011 (the 201 l Act) and that an independent examination is nccdcd. It is my responsibility to: examine the financial statements under scction 145 of the 2011 Act; follow the procedures laid down in the gencral directions given by the Charity Commission undcr section 145(5)(b) of the 2011 Act; and state whether particular matters have come to my attcntion. This report, including my statement, has been prepared for and only for the charity"'s trustees as a body. My work has been undertaken so that I might state to the charity's trustees those matters l am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent pennitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity'5 truslees as a body for my examination work, for this report, or t'or the statements I have made. Basis of independenl examiner's report My ex.amination was carried out in accordance with the general directions given by the c.harity Commission. An exainination includes a review of the accounting records kept by the charity and a comparison ot. the tinancial siatements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from you as trustee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opiiiion is given as to whether the financial statements present a ' true and fair view, and the report is limiled to those matters Set out in ihe statement below. Independenl examiiier's slalemenl In connection with my examination, no matter has come to my attention: which gTivcs me reasonable cause to believe that in any malerial respect the requirements: to keep accounting records in accordance with section 130 of the 2011 Act; and to prcpare financial statements which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met. or to which, in my opinion, attention should be drawn in Order to enable a proper understanding of the financial statements to be reached. Signed. Hughe 9 Claremont Rd, Teddington, TW I18DH Date..
PCC ofst Mary wilh ,gtAlban, Teddingion Annual report Statement of funCIal activities for the year ended 31 December Not• VmreMrl¢ted Restrlrttd Funds Funds TOTALFiINOS 20 INCOMEAND ENIX)WMENTSSEiOM Dontion& collectlons antl legacles Charitablexbvities Chtsrch octivltles othertradIngathtleS Investments Other 21• 158.132 5.439 163,572 174.251 2(b 2(rl 21d} 21e) 80,183 9.533 27.169 4.697 80.183 132,421 27.169 4.697 81,811 179.911 21,360 122,888 TOTALINCOME 279.714 128.327 4(B.042 459.633 EXPENDITUREON R•ign8fiJnds (haritable8¢btie$ Church octlvlties Costs of 8ener3ting Income Fundroisin rrodln costs 3fv1 31b) 291AOO 20,296 311,696 341663 31cl 31dl 2295 1516 5311 35. 1.516 6,1 3.397 Other 295,211 53J)7 349,017 352,268 NEtINCOMVIEXPENDITUREI 115,4961 74.521 59.024 107,365 mERRecoGN15ED GAINSAND LO&SES Gain ors revaluation of investments 10,913 10.913 12.987 NET INCREASE IDECftEASEI IN FUNDS 145831 74.521 69.938 120,352 BAiANCf5 BROUG FORWAROAT at IIanry2o24 348.221 428.811 777,032 656,681 BALANCtSCARRIED FORWARDAT at31 Detember 2024 343.638 503.332 846.970 777.033 Movementson unrrittedfund5com1Se BALANCfS BROUGHT FORWARDAT at lIanry2024 General Aepairs Tolal 52.770 295N51 348.221 Netincomlnglour8oln81 resources Transfers out Transfers in 8.104 12.6881 145831 LANCÉSCARRIED FORWARDAT at31 D¢¢¢mber 2024 60B74 282.763 343,638 The notes on pages 12-17fornzpart ofthesefinancial statemen¢s 10
PCC ofSI Marji }iJiih Si Albaii, Teddiiigioit Aiiiiual Reporl Balance sheet ai 31 December Note 2024 2023 FIXED ASSETS Tangible fixed assets 237,272 247,648 Investments 157,194 146,275 CURRENT ASSETS Debtors {including prepayments and accrued income) Cash and short term deposits 6,607 458,184 464,790 30,459 360,885 391,344 UABILITIES AMOUNTS FALLING DUE WITHIN ONE YEAR 12,287 8,233 NET CURRENT ASSETS 452,504 383,111 TOTAL ASSETS LESS CURRENT LIABILITIES Liabllitles: amountsfallingdue after more than one year 846,970 777,034 NET ASSErs 846,970 777,034 Represented by Unrestricted funds 343,638 348,221 Net book value of church hall improvements Other Restricted funds 237,272 266,060 503,332 247,196 181,616 428,811 Total funds 846,970 777,033 The iioles on page.$ 12-17 form purl c)f illesefiiiaiicial slatettieiils th Approved by the Parochial Church Council Meeting on 5 March 2024 and signed on its behalf F J Squire Holi treasurer
PC'C ofSI M(Jry ii)iih Si Albaii, Tediliiigioii Aiiilual re]?orl Notes and accounting policies Accounting policies Basis ofpreparalion The fmancial statements have been prepared under the Charities Act 2011 and comply with FRS 102 SORP 2015 (The SORP)- The financial slalements have been prepared under the historical cost convention. The financial statements include all transactions: assets and liabilities for which the PCC is responsible iii law. They do iiot include the accounts of uhurch groups that owe their main affiliation to another body nor those that are infonnal gatherings of Cburch members. Ib Funds and resen'es Unrestricted fijnds represent the ndS of the PCC that are not subject to any restrictions regarding their use and are available for application to the general purposes of the PCC. Funds designated for a partlcular purpose by the PCC are also w]restricted. The only such designated fill]d at present is the Buildings Maintenance and Repairs Fund. This fund has represented amounts appropriated from the General fimd to over the expense of significant repaiis and maintenance to the Church. Restricted funds are those which must be applied for a particularpurpose and any balance remainingunspent at the end of the year is caLTied forward as a balance within that fund. The policy of the PCC is that nonnal expenditure each year {church, hall and office costs plus the Comrnon Fund contribution) should be covered from norn)al llicome (stewaTdship and tax, collections, donations, rental and traditional fund raising). As income varies through the year and there are often maintenance and sniall development projects that need to be completed a general reserve is maintained at approximately £50,000 to meet any shortfall. Fund raising for the Church development project together with any annual sUlUS and non-specific legacies is transferred to the Buildings Maintenance and Repairs Fund. As noted above thi5 fund will be used to cover the costs of the Church development project and any other large maintenance projects that may be identified in the Diocesan architects, quinquennial review and or approved by the PCC. In accordance with FRS102 SORP this policy is reviewed annually by the PCC. Fund transfers are made as required between designated and unrestricted funds in order to facilitate activities related to the particular fimds. Typically, the PCC retains £30.000-£75,000 of its fimds in cash accounts to meet immediate needs and the balance on cash deposits or in approved investments for Charities. These investments are managed by an investment sub-committee which reports to the PCC bi-annually. Ic liicoTriiiig resources Collections and plaimed givingr are recognised when received. Income tax Tecoverable on covenants i)r gift aid donations is recolised ivhen the income is recogJ]ised. Sundry income from sales and fundraising activities is accounted for gFross. before deductÉon of ancillary expenses which are accounted for under 'Expenditure'. Rental income is reeognised in the period to which it relates. Grants and legacies are recognised when the PCC is legally entitled to the amount due, receipt is probable and the amount Can be measured reliably. Id Expeizdilure Resources ed are accounted for on an accruals basis. The diocesan common fund is accounted for when payable and has been paid in 11 in both 2024 and 2023. 12
PCC of,gi Maryi }i'iih ,91 Alb(m, Teddiiigion Aniiiial Reporl Grants and donation5 are accounted for when paid over, or when awarded where the award creates a binding obligation on Ihe PCC. TangiblefL¥ed u,ssels Consecrated and beneficed property is excluded from the accounts by section l 0 (2) of the Charities Act 201 Moveable chureh fumisliing held by the Vicar and the Churchwardens on special trust for the PCC and which require a faculty for disposal. are accounted as inalienabl¢ propety unless consecrated. They are listed in the church's Inventory which can be inspected. All expenditure incurred during, the year on consecrnted and benefice buildings and movable church rnishings, whether maintenance or improvement, is written off as expenditure in the Statement of Financial Activities and separately disclosed. If Depreciation Significant capital expenditure on the church hall and other fixtures and fittings is capitalised and depreciated over 50 years and 5 years respectively. Computer and photocopier equipment is depreciated over 3 years and the hand bells (acquired in 2006) were depreciated over 15 years and this period has now ended. Expenditure which is maintenance in nature is written off as expenditure in the Ststement of Financial Activities. Ig liiiye31ment. Investment assets are shoivn at market value as a separate category of fAxed asset, as the intention is to retain them loiig tern]. The changes in mark.el value in the year are reported as gains or losses on investment assets in the Statement of Financial Activities. CurrLJnl assets Amounts owing to the PCC in respect of fees. rents or other income are shown as debtors. Short tenn deposits include cash held on deposit either with the CBF Church of England Fvnds, CAF Bank or at Barclays Bank. Going conceri? In compliance with FRS102 SORP 2015 the PCC considers that; having regard to the reserves and the commitments of the Church that there are no material factors affecting the ability of the Church to remalli a ¥oing concern for the foreseeable thture. Trlee emploJ'ment slalu The PCC is a registered Charity and the members of the PCC are Trustees of the Charity. As such under FRS102 SORP 2015 we are required to declare if any Trustees are employees of the PCC and have received any remuneration from the PCC. In 2024 no Trustee was an employee of the PCC and no Trustees received remuneration from the PCC. Trustee and related party donations are shown net of Gift Aid. 13
PCC ofSI Mary wilh Si Alban. Teddington Annual report NOTES TO THE ACCOUNTS for the yeydr ended 31 December 2024 Unrestrlrt¢d Restrltted Fund5 Funds TOTAL FUNDS IOZ3 INCOMING RESOURCES I lal Donatlons. tollertlon$and leIe$ Planned gtvlng Incomètax coVerable0ll 8ft ald Collèttions Iplatel Donations LeEaoes Grdnts 96,219 22,587 30,379 IS,066 21,472 33.785 21.472 33,785 13,479 5,439 395.) 395 iO.LXYJ 158.132 5,439 163,571 174.251 Zlbl Charltable adlvltle5 Rental income Charitable ever Coursesand Youth ministry Flowers Fees 67.441 67.441 71562 462 165 492 8,592 12,279 12,279 80.183 21<1 Othertra(fingacti¥ilies BuildingAnew Buildin8Anew- 8Ift ald Legacies Baraar Teddlngton Bells Sustainability Festivals Other Parish 50oal evenis 98,996 7,160 16,T32 98,996 7,160 16,732 8.148 655 144.330 24,795 8,148 655 8,036 973 1.028 561 561 9533 122,888 132 421 179,911 2 Id} InVesents Flat4 rentsl incon Bank interE5t IS,CK12 12,167 27.169 15,C02 12,167 27,169 14,156 7,205 21,360 21•) Otherlncome 2,3LVJ Administratlon chargeto Diocese Irbsurance Proceeds 2,843 1,854 4,697 2,843 1,854 4,697 1300 Totsllncome 279,714 128,327 408.041 459,633 Total IncomE relztestu Church Hall Par5sh office 213,098 66,616 125.484 338,582 66,616 385,596 71,737 2,300 459 633 2,843 128,327 279.714 Trustee and related party donationsamounled to 34,668 76,351 14
PCC ofSI Mary with StAlb(m, Teddingion Annual Reporl EXPENOttURE Unrestrlcted Ile•trirted FdI Funds TOTALFUIIDS 2023 3101 R•isin8fund Stswardship 3lb} Charltoble ti£tivllies Donations-overs¢aS Yonations - UK Diote5an quota Activate and Community Café expenses CthurchesTogèther in Teddington aerKyexpen5e5 Charitable events Costs of curate Di0san Recharge Church mlnlstry other Church propertv V(carage prtspenv Hall property Muslc UFrh newsletter Flowers Web51te and other ITcosts Sundayxhool & Youth Mlnlstry Parfsh office wsts Chur(h 5•nciuary Repalrsto church Expenses re Church devdopment. Repalrsto hall Seque5tr¥tion expenses Feel 201 130.DXi 4,120 4,321 130,LX)O 4,579 1.370 4.693 9.328 125.6D) 3.652 13,656 156 4.579 L370 4.693 14919 490 352 16.134 49 35,188 15,887 4.26B 67 490 35Z 16.134 2,280 14.131 10,227 45,415 15.8&7 4,"268 67 2,865 42.874 17.395 3.775 406 2A21 72 44.601 1,367 1.636 6,720 15,042 54.n6 1,952 54,n6 1,952 3,586 585 8.517 &.517 6613 6,613 311,696 3,589 342,663 20,296 l¢1 Fuh)d fèlsltrathnI£O5t$ Building Anewfvndraislngcosts Bullding Anew prolect C05t5 Bazaarew¢neses SustBinability expens otherfundraising eyponses Teddington Be115 Parish mclal events 2,358 25,667 583 583 1.051 218 218 75 589 2,027 6,100. 2,295 33,511 35,805 Jldl OtheT Flat4¢weTrditure Bank charRes 947 569 L516 2,643 754 3.397 569 1,516 TOTALEXPENUTURE 295,21L 53.807 349,017 352,268 TotolpJpenditwecpn betsnolysedas Personnel costs Depreciation Other 62,194 151 232.866 295 211 62.194 IQ377 276,446 349,017 54018 IOA56 287.P)4 352,268 10,226 43.580 53,807 Totslexpenth¢ure relotes to Church Hall Parlsh office 193,914 43,705 57,592 295.211 43,580 10,227 237.494 53.932 S7,592 349,018 247,330 57,916 47.022 352.269 53,807 15
PCC ofst Mury wilh Si Alban, Teddington Annual report 4 TANGIBLE FIXEDASSETS (hurch 11 Off xt & impro¥ements eqUipMt Total 8alae at 1st Jarn2024 AthJitiCnsllDi5S31sI 5113 7,702 524517 BalarKeat3tst 21JZ4 513,3 7,702 526.517 Deprecffibtion 8alarKe at 1st jaThJ2O24 Chaqe f£t IEar 266,1 IQ226 7.702 4,938 151 274869 Iq377 Balanc•at3tst Lknfffibw 2024 276 3% 8alarKeat 3tst tcernber 2024 236 970 301 Balanceat 3tst tcenber 21723 654 936 5 IN4fSTfvENrs Blackrock Neton CCLA C Totsl valtIOn Market value at IstJlry Z>24 thiticffl5 34,876 39,962 71,436 144274 Dispc6aLs Unreali5ed rwalLEti at ye3r rket ¥•+at 3tst Lkn•mbqr 3)24 1647 915 38 423 HiStOral c05t 8alarKe ot 1st JarwJ A£kliticns 21326 14797 71.436 111559 Disp)sals Balanceat3tst Lcwnbw 2024 326 797 6 DEBTCILS Tu recorferatrje PreY1rrtS & otheriktKW5 Hall ard fee inc¢)mè rec•vablè 5,68 949 29.193 471 7% 7 atED(s :amounts fall d1•ethfft oneyahr 2024 2023 Attr ey4)wses Hall HI Pa in •yV IncDryE TP1Ved re fdloNing ye P51(5 Paye 8.417 2,956 273 136 224 87 233 16
PCC ofSI Mary 14Jlth St Albiwi, Teddiiigioii Aiinual Reporl RESTRICTED FUNDS Tlie principal restricted fvnds arise under three separate charities covered by two Schemes of Arrangement sealed by the Charity Commissioners for England and Wales. Under the lenns of these Schemes the PCC, as Managing Trustee, is obliged to apply the income and at its discretion the whole or part of the capital of the property of the charities in the refurbishment and maintenance of the Church hall or, subjecl thereto, for such other charitable pUoSe$ as the PCC sees fit. These funds have been applied in the Tedevelopment of the Church Hall which at 31 December 2024 had a net book value of £237,272 (2023- £247,196) included in fixed assets above. 17