St Nicholas Church, Sutton Jesus said ‘I have come that you might have life and have it to the full’ John 10:10
www.stnicholas.suttonteam.org.uk
ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
Registered Charity No. 1134049
Rector
Revd Frances Arnold
The Rectory 34 Robin Hood Lane Sutton SM1 2RG (resigned during 2024: position now vacant)
Independent Examiner
Data Developments
Bankers Metro Bank
1
Annual Report for the Year Ended 31 December 2024
Functions of the Parochial Church Council
St Nicholas Church is a Parish Church situated in central Sutton. It is part of the Diocese of Southwark within the Church of England. The correspondence address is The Rectory, 34 Robin Hood Lane, Sutton, Surrey, SM1 2RG.
The St Nicholas Parochial Church Council (“PCC”) has the responsibility for co-operating with the Rector to promote the whole mission of the church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the church and Community Hall of St Nicholas, St Nicholas Way, Sutton. The London Borough of Sutton is responsible for the maintenance of the church grounds. St Nicholas is part of an ecumenical partnership with Trinity Church and Sutton Baptist Church.
The PCC is a charity registered with the Charity Commission. Those who served as members of the PCC during the year were as follows:
| Revd Frances Arnold | Rector, left St Nicholas on 22 April 2024 |
|---|---|
| Rita Anderson | elected 2023 |
| Gill Ayres | elected 2024 |
| Chris Cann | elected 2023 |
| Elizabeth Cann | elected 2024 |
| Snezhana Doncheva | elected 2024 |
| Revd Beverly Fraser | Non Stipendiary Minister (ex Officio) |
| John Kerr | Church Warden, elected 3 December 2023 |
| Pamela Kerr | PCC Secretary, elected 3 December 2023 |
| Val Large | Deanery Synod Representative, elected 2023 |
| Megan Richards | elected 2023 |
| Jeff Richards | Reader (ex Officio) |
| Nicki Richards | Safeguarding Officer; elected to PCC 3 Dec 2023 |
| Patricia Squires | Deanery Synod Representative, elected 2023 |
| Richard West | Church Warden, elected 3 December 2023 |
Statement of Public Benefit
The members of the PCC are aware of the Charity Commission guidance on public benefit in ‘The Advancement of Religion for the Public Benefit’ and have had regard to it in their administration of the PCC.
The PCC believes that by promoting the work of the Church of England in the parish of St Nicholas, Sutton,
Surrey, it provides a benefit to the public by:
-
providing facilities for public worship and pastoral care both for its members and for anyone who wishes to benefit from what the Church can offer; and
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by promoting Christian values and service by members of the Church in and to their communities, to the benefit of individuals and society as a whole.
2
Structure, Governance and Management
The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.
The PCC met seven times during the year, in January, March, June, September, October, November and December.
On occasions The Venerable Moira Astin, Archdeacon of Reigate, has attended and chaired meetings, while meetings from June onwards were chaired by Revd Alison Way, who from the beginning of June 2024 has assisted St Nicholas Church during the time it has been without a Rector. It was sometimes necessary to make decisions by email alone.
Apart from its routine business, major items of business included:
reviewing and updating the Mission Action Plan;
preparing the documentation needed in the search for a new Rector; reviewing the improvement work necessary within the Community Hall;
hearing reports appertaining to the finances of the church and hall, together with discussion related to planned regular giving.
The PCC operates through a number of committees, which meet as appropriate, although not all continue to function. These committees are set out below:
Standing Committee:
This is the only committee required by law. However, the Standing Committee did not meet during the year.
Premises Committee:
The Premises Committee’s purpose is to effect simple routine maintenance matters for the Church building and its goods and ornaments and for the surrounding grounds, not including those areas for which the local authority is responsible, viz the mowing of the lawns in the graveyard, and the maintenance of footpaths;
To plan, budget for, and effect a regular programme of maintenance and redecoration of the church building, both internally and externally, in consultation with the Rector, Churchwardens and Office team;
To consider the Quinquennial survey report on the Church, to make recommendations therein to the Council, and to oversee the implementation of the resulting Council decisions in consultation with church architects;
However, the Group did not meet in 2024, its role being undertaken by John Kerr, one of the Church Wardens, consulting with a temporary Church Working Group.
Finance Committee:
Oversees the general financial dimension of the work of St Nicholas by monitoring income and expenditure, budgeting, maintaining appropriate financial controls and co-ordinating regular reviews of planned giving.
The Committee comprised: Rita Anderson, Pamela Kerr, and Richard West (Chair). It met when required during the year.
Community Hall Working Group
The CHWG did not meet in 2024. its role being undertaken by John Kerr, one of the Church Wardens, consulting with a temporary Hall Working Group.
3
Safeguarding
The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 to have due regard to the House of Bishops guidance on safeguarding children and vulnerable adults.
It has implemented recommendations to ensure that all recruitment is done safely.
Financial Review
In 2024 the accounts for the church and hall have been prepared by Data Developments using figures supplied by our book-keeper, Pamela Kerr.
At the end of the Financial Year (31 December 2024) the unrestricted funds (the running of the church) amounted to £7,818. Designated funds (those including the running of the hall, church repair fund, hall repair fund, floodlighting and youth work) amounted to £79,783. Restricted funds (the value of the hall property - which stands at £1,000,000, mission fund, new capital fund, poor fund and toilet fund) amounted to £1,174,669.
Thus net assets amounted to £1,263,270 (2023: £1,212,019) which, after deducting the value of the Community Hall of £1,000,000, leaves net disposable assets of £258,202 (2023: £212,019).
Total income rose from £100,473 in 2023 to £116,494 in 2024: in addition, the church received legacies amounting to £37,791). Expenditure fell from £124,748 to £104,033, resulting in a surplus of £12,461 for the year, excluding the legacies. However, costs amounting to £11,139 in relation to repairs to the hall were taken from the hall repair fund, established for this purpose. Also our pledge to the Parish Support Fund was reduced from £34,256 in 2023 to £10,000 in 2024.
Voluntary income, comprising fundraising, grants, planned giving and collections, fell again during the year from £49,130 to £40,259. Within this, planned giving fell from £40,579 to £34,576, but cash collections rose from £5,167 to £5,682. In addition there were sundry donations but these fell from £2,813 (including a legacy of £1,000) to £1,081, but there were in addition legacies of £37,791. Tax recovered this year from the Gift Aid scheme and the Gift Aid Small Donations scheme amounted to £9,670 (2023: £8,214).
Community Hall letting income rose to £50,555 (2023: £40,579). Hall expenditure fell to £41,473 from £52,387. However, £11,139 was transferred from the hall repair fund, established for the purpose, to improve the efficiency of the hall in terms of heating, and complete the fire safety work. The hall also benefitted from total donations of £1,495 towards this work.
Income from clergy fees rose from £64 to £1,501. This income is derived from set fees charged in carrying out services such as weddings and funerals. The diocese allows clergy expenses incurred in carrying out this activity to be offset against these fees and St Nicholas retains a proportion of this income. This year, £627 was assigned and paid to the diocese.
During the vacancy, those visiting clergy who are now retired are entitled to a fee: fees paid in 2024 amounted to £1,296.
The Parish Support Fund is a sum paid to the Diocese of Southwark. Most of it goes to pay the stipends, housing and pensions of the clergy; it also operates as a pooling system enabling richer parishes to support poorer ones. St Nicholas benefits considerably from the pooling arrangement. The amount paid by St Nicholas in 2024 was £10,000 (2023: £34,256).
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Unrestricted Fund
The unrestricted fund (Church General Fund) can be used by the PCC for any purpose within its remit. Gifts and donations to these funds are not subject restrictions upon how these funds may be spent .
Church General Fund
This fund is used for the general income and expenditure of the church. These funds are used for the general upkeep of the church, to pay our contribution to the diocesan Parish Support Fund, and to pay for repairs and administrative costs. In 2024 the Church General Fund received income of £96,288 (2023: £59,894). However, this income included legacies of £37,791. Without these legacies, the income would have been £58,496. The incurred expenditure was £50,877 (2023: £72,361). In 2024 no money was transferred into Church Repair Fund. This means that the church saw an operating surplus of £7,619 during the year. However, it must be remembered that our pledge to the Parish Support Fund was drastically reduced. At the end of 2023 the church general fund showed a deficit of £41,028: thanks to the legacies, this has changed to now showing a surplus of £3,802. However, it can be reasonably assumed that those who have left money to the church did not intend it to be used for day-to-day running costs, and a decision may be taken by the PCC that it should be transferred in part or whole to the new capital fund and/or church repair fund.
Designated Funds
Designated funds are a type of unrestricted fund containing moneys that have been set aside by the PCC for specific purposes.
Community Hall Fund
This fund is used to account for income generated from hall bookings and expenditure on its administration and upkeep. Hall bookings rose in 2024 to £50,555 (2023: £40,579). Expenses during 2024 amounted to £41,473, while £11,139 was transferred from the hall repair fund in order to make the hall more efficient in relation to heating, and to undertake other essential work. The fund stood at £57,125 at the end of 2024 (2023: £47,375).
Church Repair Fund
This fund was set up in 2015 to hold funds put aside from church general fund to make provision for major repairs to the church building. The need for such repairs occurs at irregular intervals and this fund should make it easier to manage the consequent large fluctuations in expenditure. The intention is to make transfers into the fund every year. No monies were transferred into this fund in 2024. As no expenditure was incurred by this fund in 2024, this fund had a balance of £12,652 at the end of 2024.
Hall Repair Fund
This fund was also set up in 2015 for similar reasons to the Church Repair Fund (see above). Donations of £835 were made to this fund in 2024. In addition, major repairs to the hall amounting to £11,139 were paid from this fund, leaving a balance of £9,026.
Floodlighting Fund
The Floodlighting Fund was set up to raise money to pay for the exterior floodlighting of the Church and for repairs to the floodlighting equipment. This fund had no income during the year and had no costs charged to it, with the result that the balance on the fund at the end of the year was unchanged at £409.
Restricted Funds
Other funds maintained by the Church are restricted in that the sums may be spent only on the specific purposes for which they were given.
Missions Fund
The Church Missions fund is used to receive cash donations from the congregation to be distributed to specific charities selected monthly by the PCC, and to make occasional donations determined by the PCC. A total of £1,090 was raised and £542 was distributed to various charitable causes during the year. The fund finished the year with a surplus balance of £1,136.
5
New Capital Fund
The New Capital Fund is designed to be used for capital projects in the Church. There were no transactions on this fund during the year, and the fund therefore finished the year with an unchanged balance of £162,272.
Poor Fund
The Poor Fund receives income from ancient permanent endowments left by people who had a connection with St Nicholas in the past for the benefit of the poor of the parish and to be distributed at the discretion of the Rector or the Rector and Church Wardens. The assets are held in trust at Lloyds Bank and the income received represents the income generated from the fund’s investments. During the year, the Poor Fund received £836 in income but made no out-going payments. The fund therefore finished the year with a balance of £5,492.
Church Toilet Fund
The Church Toilet Fund was set up in 2001 from a grant from the Wates Foundation. There were no transactions on this fund in 2023 and it again closed the year with a balance of £5,768.
Next year
The Church continues to face challenges particularly with ever decreasing regular giving. All members of the congregation are encouraged to review their giving to the church and, in particular, to take advantage of the Parish Giving Scheme whereby giving is made by direct debit. Utility costs still remain an uncertainty. While most of the work needed to bring the hall up to present-day standards has been done, there remains much work to be undertaken on the church. The reduction in our Parish Support Fund pledge to £10,000 for 2024, and a slightly increased pledge of £12,000 for 2025, has naturally been of great benefit to our financial situation. The legacies of £37,791 received during the year will be of enormous help as we face the challenges of making improvements to the church. All may wish to consider how a legacy could help the church in the future.
Reserves Policy
It is the PCC’s policy to maintain a balance on unrestricted and designated funds at an appropriate level in order to cover emergency situations that may arise from time to time. The year end balance of £73,533 (2022: £38,329) represents 20 weeks cover of unrestricted and designated expenditure.
Investment Policy
It is our policy to invest our funds balances with the CBF Church of England Deposit Fund.
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1. Accounting Policies
The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities SORP 2015
The financial statements have been prepared under the historical cost convention except for the valuation of fixed assets (the Community Hall) which is shown at the market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.
Funds
Restricted funds represent donations and grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year must be carried forward as a balance on that fund. Unrestricted Funds are funds which can be used by the PCC for any purpose within its remit. Designated Funds are a type of unrestricted fund containing moneys which have been set aside by the PCC for specific purposes.
Incoming Resources
Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross.
Resources Expended
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The parish support fund pledge is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross.
Fixed Assets
Consecrated and benefice property is not included in the accounts in accordance with s.96(2)(a) of the Charities Act 1993.
Movable church furnishings and fittings require a faculty for disposal and are inalienable property. These items are listed in the Church’s inventory and may be inspected at any reasonable time.
It is the policy of PCC to capitalise assets with a cost of over £1,000 per item. Depreciation is set on a straight-line basis over a period of five years. Freehold land and buildings are valued by the PCC at least every five years by a chartered surveyor.
Investments are valued at market value at the Balance Sheet date
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Independent Examiner’s report to the trustees/members of The PCC of St Nicholas, Sutton
Registered charity number: 1134049
I report on the accounts for the year ended 31[st] December 2023 which are set out on the following pages.
Respective responsibilities of the Trustees and Independent Examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees 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
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to examine the accounts under section 145 of the Charities Act,
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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
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to state whether particular matters have come to my attention.
Basis of Independent Examiner's Statement
My examination was carried out in accordance with the 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.
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:
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accounting records were not kept in accordance with section 130 of the Charities Act or
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the accounts do not accord with the accounting records
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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: 14[th] March 2025 Stephen Hendy For and on behalf of Data Developments, The Chubb Buildings, Fryer Street, Wolverhampton, WV1 1HT
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The Parochial Church Council of St Nicholas, Sutton Financial Statements for the year ended 31 December 2024
Statement of Financial Activities
| Unrestricted funds Designated funds Restricted funds Endowment funds Total funds Prior year total funds |
|
|---|---|
| Income and endowments from: Donations and legacies Income from charitable activities Other trading activities Investments Other income Total income Expenditure on: Raising funds Expenditure on charitable activities Other expenditure Total expenditure Net income / (expenditure) resources before transfer Transfers Gross transfers between funds - in Gross transfers between funds - out Other recognised gains / losses Gains/losses on investment assets Gains on revaluation, fxed assets, charity's own use Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
88,754 1,547 1,091 - 91,392 59,027 1,501 - - - 1,501 164 39 50,556 - - 50,595 40,579 9,961 - 837 - 10,798 2,385 - - - - - - |
| 100,255 52,103 1,928 - 154,285 102,155 77 - - - 77 - 43,933 37,718 543 - 82,194 90,462 6,867 14,895 - - 21,762 35,049 |
|
| 50,877 52,613 543 - 104,033 125,511 |
|
| 49,378 (511) 1,385 - 50,252 (23,356) - - - - - - - - - - - - - - - - - - - - - - - - |
|
| 49,378 (511) 1,385 - 50,252 (23,356) |
|
| (41,559) 80,294 1,173,284 - 1,212,018 1,235,374 |
|
| 7,818 79,783 1,174,669 - 1,262,270 1,212,018 |
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The Parochial Church Council of St Nicholas, Sutton Financial Statements for the year ended 31 December 2024
Balance Sheet
| As at 31/12/2024 As at 31/12/2023 |
|
|---|---|
| Fixed assets Tangible Assets Current assets Debtors Cash At Bank And In Hand Liabilities Creditors: Amounts Falling Due In One Year Net current assets less current liabilities Total assets less current liabilities Liabilities Total net assets less liabilities Represented by Unrestricted Unrestricted - General Funds Designated Designated - Church Repair Fund Designated - Community Hall Fund Designated - Floodlighting Designated - Hall Repair Fund Designated - Youth Work Fund Restricted Restricted - Hall Property Fund Restricted - Mission Fund Restricted - New Capital Fund Restricted - Poor Fund Restricted - Toilet Fund Fund Totals |
1,000,000 1,000,000 |
| 1,000,000 1,000,000 49 229 262,221 213,050 |
|
| 262,270 213,279 - 1,260 |
|
| - 1,260 |
|
| 262,270 212,018 |
|
| 1,262,270 1,212,018 - - |
|
| 1,262,270 1,212,018 7,818 (41,559) 12,652 12,652 57,125 47,331 409 409 9,026 19,330 571 571 1,000,000 1,000,000 1,136 588 162,272 162,272 5,493 4,656 5,768 5,768 |
|
| 1,262,270 1,212,018 |
Approved by the PCC on …………………… 2025 and signed by
………………………………. ……………………………………
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The Parochial Church Council of St Nicholas, Sutton Financial Statements for the year ended 31 December 2024
Statement of Assets and Liabilities
| Class and nominal code | General Designated Restricted Endowment Total Lastyear |
|---|---|
| Fixed Asset - Tangible Assets 6430: Hall Building - - 1,000,000 - 1,000,000 1,000,000 Total - - 1,000,000 - 1,000,000 1,000,000 Current Asset - Cash At Bank And In Hand 6501: Metro Bank current account (45,938) 79,827 18,625 - 52,514 54,150 6502: Lloyds Bank 3,693 - 5,493 - 9,186 8,349 6510: CCLA (CBF) deposit account 49,971 - 150,551 - 200,522 150,551 Total 7,726 79,827 174,669 - 262,221 213,050 Current Asset - Debtors Z05: Accounts Receivable 49 - - - 49 229 Total 49 - - - 49 229 Liability - Creditors: Amounts Falling Due In One Year Z04: Accounts Payable (44) 44 - - - 1,260 Total (44) 44 - - - 1,260 Net total assets 7,818 79,783 1,174,669 - 1,262,270 1,212,018 |
- - 1,000,000 - 1,000,000 1,000,000 |
| (44) 44 - - - 1,260 |
|
| 7,818 79,783 1,174,669 - 1,262,270 1,212,018 |
Fund movement summary
| Fund | Opening Incoming Outgoing Transfers Gains/Losses Journals Closing |
|---|---|
| Church repair Designated 12,652 - - - - - 12,652 Sub-totals12,652 - - - - - 12,652 Floodlighting Designated 409 - - - - - 409 Sub-totals409 - - - - - 409 Hall Designated 47,331 51,267 41,473 - - - 57,125 Sub-totals47,331 51,267 41,473 - - - 57,125 Hall Property Restricted 1,000,000 - - - - - 1,000,000 Sub-totals1,000,000 - - - - - 1,000,000 |
12,652 - - - - - 12,652 |
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| Hall Repair Designated 19,330 836 11,140 - - - 9,026 Sub-totals19,330 836 11,140 - - - 9,026 Mission Restricted 588 1,091 543 - - - 1,136 Sub-totals 588 1,091 543 - - - 1,136 New Capital Restricted 162,272 - - - - - 162,272 Sub-totals 162,272 - - - - - 162,272 Poor Restricted 4,656 837 - - - - 5,493 Sub-totals 4,656 837 - - - - 5,493 Toilet Restricted 5,768 - - - - - 5,768 Sub-totals 5,768 - - - - - 5,768 Youth Designated 571 - - - - - 571 Sub-totals 571 - - - - - 571 General Unrestricted (41,559) 100,255 50,877 - - - 7,818 Sub-totals (41,559) 100,255 50,877 - - - 7,818 |
19,330 836 11,140 - - - 9,026 |
|---|---|
| (41,559) 100,255 50,877 - - - 7,818 |
|
| Totals | 1,212,018 154,285 104,033 - - - 1,262,270 |
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The Parochial Church Council of St Nicholas, Sutton Financial Statements for the year ended 31 December 2024
Analysis of income and expenditure
Total
| Total | |
|---|---|
| Unrestricted Designated Restricted EndowmentThis year Last year |
|
| INCOME AND ENDOWMENTS FROM: Donations and legacies 0101 - Gift Aid - Bank 29,193 - - - 29,193 40,579 0110 - Gift Aid - Envelopes 2,272 - - - 2,272 - 0201 - Other planned giving 3,112 - - - 3,112 2,846 0301 - Loose plate collections 5,683 - - - 5,683 5,167 0501 - One-of Gift Aid gifts 2 - - - 2 - 0550 - Donations appeals etc 1,030 1,547 1,091 - 3,668 650 0601 - Tax recoverable on Gift Aid 9,670 - - - 9,670 8,214 0701 - Legacies 37,792 - - - 37,792 1,000 08A1 - Non-recurring one-of grants - - - - - 571 Donations and legacies Totals 88,754 1,547 1,091 - 91,392 59,027 Income from charitable activities 1101 - Fees for weddings and funerals 1,501 - - - 1,501 64 1230 - Church hall lettings - objectives - - - - - 100 Income from charitable activities Totals 1,501 - - - 1,501 164 Other trading activities 0910 - Rummage sales etc 39 - - - 39 - 1280 - Hall rental income - 50,556 - - 50,556 40,579 Other trading activities Totals 39 50,556 - - 50,595 40,579 Investments 1001 - Dividends - - 837 - 837 2,385 1020 - Bank and building society interest9,961 - - - 9,961 - Investments Totals9,961 - 837 - 10,798 2,385 Income and endowments Grand totals100,255 52,103 1,928 - 154,285 102,155 |
29,193 - - - 29,193 40,579 2,272 - - - 2,272 - 3,112 - - - 3,112 2,846 5,683 - - - 5,683 5,167 2 - - - 2 - 1,030 1,547 1,091 - 3,668 650 9,670 - - - 9,670 8,214 37,792 - - - 37,792 1,000 - - - - - 571 |
| 88,754 1,547 1,091 - 91,392 59,027 1,501 - - - 1,501 64 - - - - - 100 |
|
| 1,501 - - - 1,501 164 39 - - - 39 - - 50,556 - - 50,556 40,579 |
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EXPENDITURE ON:
Raising funds
| 1730 - Costs of fetes & other events Raising funds Totals Expenditure on charitable activities 1801 - Giving to missionary societies 1850 - Home mission 1870 - Secular charities 1910 - Ministry parish share etc 2050 - Salary of parish administrator 2101 - Working expenses of incumbent 2201 - Parish training and mission 2301 - Church running - insurance 2310 - Church ofice - telephone 2320 - Organ / piano tuning 2330 - Church maintenance 2331 - Cleaning 2340 - Upkeep of services 2360 - Administration 2370 - Visiting speakers / locums 2401 - Church running - electric 2410 - Church running - gas 2420 - Church running - water 2440 - Church running - heating and lighting 2530 - Hall running - electricity 2540 - Hall running - gas 2550 - Hall running - insurance 2560 - Hall running - maintenance 2580 - Hall running - water 2590 - Hall running - heating and lighting 2601 - Governance costs examination/audit fee 2801 - Hall + major repairs - structure 2820 - Hall + major repairs - installation Expenditure on charitable activities Totals Other expenditure 1920 - SLCF FEES TO DIOCESE 2055 - Caretaker salary 2325 - musician expenses 2505 - fower costs 2520 - hALL RUNNING - ADMINISTRATION 2565 - Hall running - cleaning Other expenditure Totals Expenditure Grand totals |
77 - - - 77 - |
|---|---|
| 77 - - - 77 - - - 370 - 370 761 - - - - - 257 - - 173 - 173 - 10,000 - - - 10,000 34,256 11,450 3,278 - - 14,728 - - - - - - 854 180 - - - 180 425 5,151 - - - 5,151 547 1,257 - - - 1,257 - 200 - - - 200 - 6,309 - - - 6,309 9,374 253 62 - - 315 - 875 - - - 875 - 470 - - - 470 12,595 1,297 - - - 1,297 - 1,760 - - - 1,760 - 3,170 - - - 3,170 - 232 - - - 232 - - - - - - 11,518 - 2,184 - - 2,184 - - 4,997 - - 4,997 - - 2,576 - - 2,576 - 598 5,837 - - 6,435 3,746 - 1,206 - - 1,206 - - 59 - - 59 - 730 - - - 730 - - - - - - 16,129 - 17,519 - - 17,519 - |
|
| 43,933 37,718 543 - 82,194 90,462 627 - - - 627 905 4,553 10,865 - - 15,418 - 1,600 - - - 1,600 1,632 87 - - - 87 - - 30 - - 30 32,512 - 4,000 - - 4,000 - |
|
| 6,867 14,895 - - 21,762 35,049 |
|
| 50,877 52,613 543 - 104,033 125,511 |
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The Parochial Church Council of St Nicholas, Sutton Financial Statements for the year ended 31 December 2024
Fixed Assets
Tangible Fixed Assets
| angible Fixed Assets | |||
|---|---|---|---|
| Freehold Buildings £ |
Church Equipment £ |
Total £ |
|
| Cost or Valuation | |||
| As at 1st Jan | 1,000,000 | 3,432 | 1,003,432 |
| Additions in theyear | |||
| Disposal in theyear | |||
| Revaluation(if any) | |||
| Value at 31st Dec | 1,000,000 | 3,432 | 1,003,432 |
| Accumulated Depreciation | |||
| As at 1st Jan | - | 3,432 | 3,432 |
| Charge for theyear | |||
| Disposals | |||
| Value at 31st Dec | - | 3,432 | 3,432 |
| Net Book Value at 1st Jan 2023 |
1,000,000 | -- | 1,000,000 |
| Net Book Value at 31st Dec 2023 |
1,000,000 | -- | 1,000,000 |
Summary of Funds
| 2024 | 2023 | |
|---|---|---|
| Unrestricted | ||
| General Fund | 7,818 | (41,559) |
| Designated | ||
| Church Repair Fund | 12,652 | 12,652 |
| Community Hall Fund | 57,125 | 47,331 |
| Floodlighting | 409 | 409 |
| Hall Repair Fund | 9,026 | 19,330 |
| Youth Work Fund | 571 | 571 |
| Restricted | ||
| Agency collection | - | - |
| Hall Property Fund | 1,000,000 | 1,000,000 |
| Mission Fund | 1,136 | 588 |
| New Capital Fund | 162,272 | 162,272 |
| Poor Fund | 5,493 | 4,656 |
| Toilet Fund | 5,768 | 5,768 |
15