```
REGISTERED CHARITY NUMBER: 1134108
```
## **`REPORT OF THE TRUSTEES AND`**
## **`FINANCIAL STATEMENTS`**
## **`FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`FOR`**
```
THE PAROCHIAL CHURCH COUNCIL OF
THE ECCLESIASTICAL PARISH OF
ST MARY MERTON
```
```
Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU
```
```
THE PAROCHIAL CHURCH COUNCIL OF
THE ECCLESIASTICAL PARISH OF
ST MARY MERTON
```
```
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
```
**----- Start of picture text -----**
Page
Report of the Trustees 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 to 20
**----- End of picture text -----**
```
THE PAROCHIAL CHURCH COUNCIL OF
THE ECCLESIASTICAL PARISH OF
ST MARY MERTON
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024`**
```
ThemembersoftheparochialChurchCouncilwhoarealsothetrusteesofthecharitypresenttheirreportwiththe financial
statementsofthecharityfortheyearended31December2024.ThetrusteeshaveadoptedtheprovisionsofAccounting and
ReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
StMary'sisaChurchofEnglandparishwithintheDioceseofSouthwark,servingacommunityofsome3,000householdsin and
aroundMertonPark,London,SW19.Withahistoryandhospitalitythatstretchesbackto1115,wecontinuetobeattheheart of
the local community, worshjpping God, reaching out to the wider world and extend a warm welcome to you all.
```
```
StMary’sprimaryfunctionistobealivingChurchinwhichGodispraisedinChristianworship,inspiringpeopletogrowin faith
and serve the community and beyond.
```
```
The PCC has the following main objectives:
```
## **`Purpose`** `:`
```
Inspire worship of God and live the teachings of the Gospel. Nurture community and faith through welcome and hospitality.
```
## **`Values`** `:`
```
Respect and support one another and the needs of the wider world.
```
## **`Vision`** `:`
```
Building a sustainable inclusive future, empowering every member.
```
## **`Public benefit`**
```
TheincumbentandthePCChaveconsideredtheCharityCommission'sguidanceonpublicbenefit,inparticular,the specific
guidance on charities for the advancement of religion.
```
## **`ACHIEVEMENTS AND PERFORMANCE`**
## **`Charitable activities`**
```
The PCC has maintained its service to the parish across all its usual range of activities.
```
```
-1-
```
```
THE PAROCHIAL CHURCH COUNCIL OF
THE ECCLESIASTICAL PARISH OF
ST MARY MERTON
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`FINANCIAL REVIEW Treasurer's Report`**
```
I am pleased to report that for 2024 the stars aligned and we have had a much better year. These are the highlights:
```
```
1. A surplus on our ordinary activities of £10,878. This is down to a number of factors as mentioned below.
```
```
2.Wereceived£21,000inlegaciesandmemorialdonationsin2024,ofwhich,inaccordancewiththepolicysetbythe Finance
Committee £10,500 has been allocated to the Burrows Legacy Fabric Fund, and the rest applied to general funds.
```
```
3.TheHallgeneratedprofitsofover£19,000in2024.Thishasenabledus,inaccordancewiththespiritofwhatwas agreed
withtheHallCommittee,tocreateadesignatedHallMaintenanceFundof£10,000,towhichwewillhopetoaddas further
surplusesareachieved.Thiswillcreateafundtowardstheinevitablemajorexpenditureintheyearsahead.Butthisisa very
good result and I would like to thank Hazel, Gwyn, Laura and all those involved in the running of the Hall.
```
```
4.TheGlebeappealraisedmorethan£1,200,whichhasmeantthatwehavehadnoexpensesfromgeneralfundsforthat this
year. Many thanks to John Combs and all those involved in the Glebe.
```
```
5.Ourplannedgivingprogrammeremainsthebedrockofourincome,andwhilethiswasslightlydownonlastyear,ithas held
up remarkably well., and huge thanks to Andrew Mills for his management of that and the Gift Aid claims which go with it.
```
```
6.Weoptimisticallybudgeted£10,800forourchurchcollectionsin2024buttheactualresultwasmorethan£10,900, a
remarkableupturnfrom2023.Itwouldbeevenbetterifsomeofthiscouldbeconvertedtoplannedgiving,andthe Finance
Committee has this much in mind.
```
```
7. Fee income, investment income, and the Winter Fair were all ahead of expectations.
```
```
8.Thevalueofourinvestmentsheldattheendof2024rosebyover£20,000during2024,withafurther£3,000inthe Peter
smith Fund. We are grateful to Hubert Child for his wise handling of our investment portfolio.
```
```
9.Ontheexpensesside,almosteverythingcameinatormarginallybelowbudget,withnoespecialstandoutitem,savethat this
hasbeenthefirstfullyearofthenewenergysupplycontract,whichhasseenourenergycostsgodownfromover£14,000 to
below £10,000. It is a remarkable reduction.
```
```
10.Awayfromourordinaryactivities,thechurchfabricandourAssociatePriestarebothfundedfromreserves.Thereisstill a
healthybalanceintheHoneysettFabricFund,butwhenthatisexhausted,asitmaywellbethisyear,theBurrowsLegacy Fabric
Fundwilltakeover.OurAPhasbeenfundedfromtheFamiliesandYoungPeopleFund,andthatisalmostexhaustedafter 2024,
and the Finance Committee has agreed to fund this from the Burrows Parish Fund until October 2026.
```
```
11.Wehavetomakeacalleachyearastowheretoallocatetheinvestmentgains,andthisyearwehaveallocated one-third
each to the two Burrows funds, and one-sixth each to the Honeysett Fabric and Organ Maintenance funds.
```
```
Thenetresult,takingeverythingintoaccount,isan£11,000surplusontheyear,withournetassetsrisingfrom£458,000 to
£469,000.Nowclearlythisisaffectedsignificantlybythelegaciesandtheriseininvestmentvalues,buttherehasalso been
greatfinancialcareacrosstheparishthisyearandweshouldrecognisethat.2025maynotbesogood,butreally2024has been
a good year with the rot stopped, and long may it last.
```
```
Finally,asalways,ourgreatestandmostheartfeltthankstoMelanieSharp,ouraccountant,whohasdoneawonderfuljobin the
past year - nothing escapes her eagle eye.
```
## **`Reserves Policy`**
```
ThePCCseektomaintainasufficientlevelofreservestosupportthedaytodayoperationsofStMary'sandtomeet such
contingencies as might reasonably be foreseen.
```
```
-2-
```
```
THE PAROCHIAL CHURCH COUNCIL OF
THE ECCLESIASTICAL PARISH OF
ST MARY MERTON
```
```
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
StMary'sMertonParochialChurchCouncilistheworkingnameforTheParochialChurchCounciloftheEcclesiasticalParishof St
Mary Merton.
```
```
TheParochialChurchCouncil(thePCC)isacorporatebodyestablishedbytheChurchofEngland.ThePCCoperatesunder the
Parochial Church Council Powers Measure.
```
## **`Charity constitution`**
```
ThePCCisaCharityregisteredwiththeCharityCommission(registrationnumber1134108)andisanunincorporated association
governedbythetermsofitsconstitution,asembodiedintheParochialChurchCouncils(Powers)Measure1956asamended and
the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended).
```
## **`Recruitment and appointment of new trustees`**
```
ThemethodofappointmentofPCCmembersissetoutintheChurchRepresentationRules.Allmembersofthecongregation are
eligible to be appointed as members of the PCC should they wish to stand for election.
```
## **`Organisational structure and decision making`**
```
ThePCCisultimatelyresponsiblefortheconductandmanagementofthecharity,butthemajorityofday-to-day management
decisions are taken by the following members of the PCC, and subsequently ratified by the PCC if appropriate:
```
```
The Vicar, Revd. John Hayward
```
```
Revd. Judith Bersweden, Associate Priest
The Churchwardens, David Reeves and Andrew Mills
```
```
The Hon Treasurer, John Stephenson; and
Russell Penny, Chair of Building & Works and deputy Chair of the PCC.
```
```
The Finance Committee authorises expenditure up to a limit set by the PCC from time to time.
```
```
The Church Hall and its attendant finances are managed by a Hall Committee which is responsible to the PCC.
The PCC delegates responsibility for church music to the Director of Music, Tristan Weymes, who is not a trustee.
```
## **`Induction and training of new trustees`**
```
NewmembersofthePCCareprovidedwithcopiesofrecentaccountsandmeetingminutes.Significantchangesin legislation
arebroughttotheattentionofthePCCfromavarietyofsourcesincludingregularmailingsfromtheDioceseofSouthwark and
theCharityCommission,oftenthroughPCCmemberswithdelegatedresponsibilitiessuchassafeguarding,whomayalso attend
relevant training courses offered by the Diocese and others as appropriate.
```
## **`Key management remuneration`**
```
PaylevelsofouremployeesareagreedbytheFinanceCommitteebyreferencetoperceivedmarketlevelsandincreased in
Januaryeachyear,generallyinlinewithinflation.Othercontractorswhoreceivehonorariagenerallyreceiveasimilar annual
increase.
```
```
-3-
```
```
THE PAROCHIAL CHURCH COUNCIL OF
THE ECCLESIASTICAL PARISH OF
ST MARY MERTON
```
```
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Risk management`**
```
Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensureappropriatecontrolsare in
place to provide reasonable assurance against fraud and error.
```
```
ThePCCaimstostrengthenresourcesanddevelopskillsinordertogrowchurchmembershipandtoservethecommunity,but its
initiativesareinevitablyconstrainednotonlybyavailablefundsbutalsobythechallengesingettingnewandespecially younger
membersofthechurchbodytodevotethetimetochurchactivitiesbecauseoftheotherpressuresontheirlives,which inevitably
leadstotheworkbeingdonebythesameorevenslightlyreducinggroupofloyalservantsofthechurchwhoare themselves
aging.
```
```
Wetrytohaveasmuchofourincomeaspossiblefromplannedmonthlygiving,whichinturnenablesustomaximisegift aid
recoveryfromHMRC.Inaddition,wenowhaveanelectronicpaymentmachineatalserviceswithsuggested donations
appropriate to the community and the church's need.
```
```
ThePCCisresponsiblefortheupkeepofahistoricGrade2-listedchurchbuildingandthisbringswithitconsiderable expense,
bothannuallyandespeciallyafterthefive-yearlyReport.Specialiststonemasonsandotherhighlyskilledcraftsmenare often
required,withtheattendantcost.TobeentrustedwiththecareofStMary'sisaprivilege,butonewhtisasignificantdrain on
ourresources.ThePCChasdesignatedfundsfromlegaciestoensurethatwehavefundstomeetthisneedinthenext five
years.
```
```
AsisnotedintheTreasurer'sreport,ourutilitycostswerethebiggestfinancialshockin2023.Anewcontract,andthe general
move downward of energy costs, should mean that we have this under greater control now.
```
```
Generally,thePCCpolicyistomanagenormalbusinessrisksinlinewithbestpractice.Thecharityhasnotsufferedany material
damage due to failures of, or inadequate management of, controls.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number`**
```
1134108
```
## **`Principal address`**
```
St Mary's Church Vicarage
3 Church Path
London
SW19 3HJ
```
```
-4-
```
```
THE PAROCHIAL CHURCH COUNCIL OF
THE ECCLESIASTICAL PARISH OF
ST MARY MERTON
```
## **`REPORT OF THE TRUSTEES`**
```
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`Trustees`**
## **`PCC Secretary:`**
```
Simon Hillson
```
```
Incumbent:
```
```
Rev. John Hayward (Chair)
Rev. Judith Bersweden
```
## **`Churchwardens:`**
```
Mr. David Reeves
Andrew Mills
```
```
Deanery Synod Representatives:
Neville Squires
Dr. Timothy Planche
Sue Davies
Pippa Jones
```
## **`Elected Lay Members:`**
```
Russell Penny (Vice Chair and Chair of Building and Works Sub-Committee)
John Stephenson (Treasurer)
Hazel Abbott (Electoral Roll Officer)
Derek Cox (Chair Hall Sub-Committee)
John Combs (Chair Glebe Sub-Committee)
Juliette Kyei
Barbara Moreland
Lynda Wilson
Celia Milner
Olivia Tripp
Joanna Williams
Christine Conway
David Cowie
Kate Harding
Alexander McDowall
```
## **`Independent Examiner`**
```
Jonathan Askew FCA
Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU
```
## **`Bankers`**
```
Barclays Bank plc
Wimbledon Branch
```
```
National Westminster Bank plc
Wimbledon Branch
```
## **`STATEMENT OF TRUSTEES' RESPONSIBILITIES`**
```
ThetrusteesareresponsibleforpreparingtheReportoftheTrusteesandthefinancialstatementsinaccordancewith applicable
lawandUnitedKingdomAccountingStandards(UnitedKingdomGenerallyAcceptedAccountingPractice)including Financial
Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
```
```
-5-
```
```
THE PAROCHIAL CHURCH COUNCIL OF
THE ECCLESIASTICAL PARISH OF
ST MARY MERTON
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued`**
```
ThelawapplicabletocharitiesinEnglandandWales,theCharitiesAct2011,Charity(AccountsandReports)Regulations 2008
andtheprovisionsofthetrustdeedrequiresthetrusteestopreparefinancialstatementsforeachfinancialyearwhichgivea true
andfairviewofthestateofaffairsofthecharityandoftheincomingresourcesandapplicationofresources,including the
income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
```
- `select suitable accounting policies and then apply them consistently;`
- `observe the methods and principles in the Charity SORP;`
- `make judgements and estimates that are reasonable and prudent;`
- `prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.`
```
Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewithreasonableaccuracyatanytime the
financialpositionofthecharityandtoenablethemtoensurethatthefinancialstatementscomplywiththeCharitiesAct 2011,
theCharity(AccountsandReports)Regulations2008andtheprovisionsofthetrustdeed.Theyarealsoresponsible for
safeguardingtheassetsofthecharityandhencefortakingreasonablestepsforthepreventionanddetectionoffraudand other
irregularities.
```
```
Approved by order of the board of trustees on 3 September 2025 and signed on its behalf by:
```
```
Mr Russell Penny - Trustee
```
```
-6-
```
```
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE PAROCHIAL CHURCH COUNCIL OF
THE ECCLESIASTICAL PARISH OF
ST MARY MERTON
```
## **`Independent examiner's report to the trustees of The Parochial Church Council of the Ecclesiastical Parish of St Mary Merton`**
```
IreporttothecharitytrusteesonmyexaminationoftheaccountsofTheParochialChurchCounciloftheEcclesiasticalParish of
St Mary Merton (the Trust) for the year ended 31 December 2024.
```
## **`Responsibilities and basis of report`**
```
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewiththe requirements
of the Charities Act 2011 ('the Act').
```
```
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145oftheActandincarryingout my
examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
```
## **`Independent examiner's statement`**
```
Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalistedbody.IcanconfirmthatI am
qualifiedtoundertaketheexaminationbecauseIamamemberoftheInstituteofCharteredAccountantsinEnglandand Wales,
which is one of the listed bodies.
```
```
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwith the
examination giving me cause to believe that in any material respect:
```
`1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or`
`2. the accounts do not accord with those records; or`
`3. 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.`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattentionshould be
drawn in this report in order to enable a proper understanding of the accounts to be reached.
```
```
Jonathan Askew FCA
```
```
The Institute of Chartered Accountants in England and Wales
```
```
Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU
```
```
Date: .............................................
```
```
-7-
```
## **`THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY MERTON`**
## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024`**
|`Unrestricted`
`Designated`
`fund`
`funds`
`Notes`
`£`
`£`
**`INCOME AND ENDOWMENTS`**
**`FROM`**
`Donations and legacies`
`2`
`161,863`
`10,777`
**`Charitable activities`**
`5`
`Church activities`
`4,826`
`-`
`Other fundraising activities`
`3`
`80,081`
`1,165`
`Investment income`
`4`
`12,796`
`-`
**`Total`**
`259,566`
`11,942`
**`EXPENDITURE ON`**
`Raising funds`
`6`
`6,539`
`-`
**`Charitable activities`**
`7`
`Church activities`
`50,624`
`13,914`
`Missionary and charitable giving`
`12,927`
`-`
`Diocesan fund contribution`
`115,000`
`-`
`Church hall costs`
`45,141`
`19,288`
`Church management and`
`administration`
`21,169`
`-`
**`Total`**
`251,400`
`33,202`
`Net gains on investments`
`-`
`18,417`
**`NET INCOME/(EXPENDITURE)`**
`8,166`
`(2,843)`
**`Transfers between funds`**
`21`
`(10,000)`
`10,000`
**`Net movement in funds`**
`(1,834)`
`7,157`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`62,523`
`303,621`
**`TOTAL FUNDS CARRIED`**
**`FORWARD`**
`60,689`
`310,778`|`Restricted`
`funds`
`£`
`-`
`-`
`3,032`
`-`
`3,032`
`-`
`600`
`-`
`-`
`-`
`-`
`600`
`3,123`
`5,555`
`-`
`5,555`
`91,770`
`97,325`|`2024`
`Total`
`funds`
`£`
`172,640`
`4,826`
`84,278`
`12,796`
`274,540`
`6,539`
`65,138`
`12,927`
`115,000`
`64,429`
`21,169`
`285,202`
`21,540`
`10,878`
`-`
`10,878`
`457,914`
`468,792`|`2023`
`Total`
`funds`
`£`
`154,417`
`4,070`
`77,319`
`10,921`
`246,727`
`6,514`
`75,880`
`12,860`
`110,000`
`105,008`
`22,041`
`332,303`
`12,844`
`(72,732)`
`-`
`(72,732)`
`530,646`
`457,914`|
|---|---|---|---|
```
The notes form part of these financial statements
```
```
-8-
```
## **`THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY MERTON`**
## **`BALANCE SHEET`**
## **`31 DECEMBER 2024`**
|`Notes`
**`FIXED ASSETS`**
`Investments`
`15`
**`CURRENT ASSETS`**
`Stocks`
`16`
`Debtors`
`17`
`Cash at bank`
**`CREDITORS`**
`Amounts falling due within one year`
`18`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`NET ASSETS`**
**`FUNDS`**
`21`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`2024`
`£`
`423,334`
`150`
`11,540`
`63,773`
`75,463`
`(30,005)`
`45,458`
`468,792`
`468,792`
`371,467`
`97,325`
`468,792`|`2023`
`£`
`436,794`
`250`
`12,059`
`51,551`
`63,860`
`(42,740)`
`21,120`
`457,914`
`457,914`
`366,144`
`91,770`
`457,914`|
|---|---|---|
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon3September2025andwere signed
on its behalf by:
```
```
Mr John Matthew Stephenson - Trustee
```
```
Mr Russell Penny - Trustee
```
```
The notes form part of these financial statements
```
```
-9-
```
```
THE PAROCHIAL CHURCH COUNCIL OF
THE ECCLESIASTICAL PARISH OF
ST MARY MERTON
```
```
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
ThesefinancialstatementshavebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)Accounting and
ReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in
accordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January 2019) and the Charities Act 2011.
```
```
Thesefinancialstatementshavebeenpreparedtogivea'trueandfair'viewandhavedepartedfromthe Charities
(AccountsandReports)Regulations2008onlytotheextentrequiredtoprovidea'trueandfair'view.Thisdeparture has
involvedfollowingtheCharitiesSORP(FRS102)publishedinOctober2019ratherthantheAccountingandReporting by
Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
```
```
Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention,withtheexceptionof investments
whichareincludedatfairvalue(marketvalue)atthebalancesheetdate.Assetsandliabilitiesareinitiallyrecognised at
historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
```
```
Thefinancialstatementshavebeenpreparedinsterlingwhichisthefunctionalcurrency,andhavebeenroundedto the
nearest pound.
```
## **`Financial reporting standard 102 - reduced disclosure exemptions`**
```
Thecharityhastakenadvantageofthefollowingdisclosureexemptioninpreparingthesefinancialstatements, as
permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
```
- `the requirements of Section 7 Statement of Cash Flows.`
## **`Going concern`**
```
ThefinancialstatementshavebeenpreparedontheassumptionthatthePCCisabletocontinueasagoing concern,
whichthetrusteesconsiderappropriatehavingregardtothecurrentlevelofunrestrictedreserves,thefinancial position,
futureplansandtheexpectedlevelofincomeandexpenditurefor12monthsfromauthorisingthese financial
statements.Thetrusteesconsiderthattherearenomaterialuncertaintiesaboutthecharity'sabilitytocontinueasa going
concern.
```
## **`Income`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probable that the income will be received and the amount can be measured reliably.
```
```
(i) Donations and collections are recognised when received by the PCC.
```
```
(ii)Legaciesarerecognisedonacase-by-casebasisfollowingthegrantingofprobatewhenthe administrator/executor
for the estate has communicated in writing both the amount and settlement date.
```
```
(iii) Other trading activities are recognised in the period in which the event takes place.
```
```
(iv) Investment income is accounted for in the period in which the PCC is entitled to the receipt.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommittingthecharity to
thatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlementandtheamountof the
obligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassified under
headingsthataggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticular headings
they have been allocated to activities on a basis consistent with the use of resources.
```
```
The Diocesan quota (South London Church Fund) is accounted for when payable.
```
```
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedasacommitmentbut not
accrued as expenditure.
```
```
-10-
```
```
THE PAROCHIAL CHURCH COUNCIL OF
THE ECCLESIASTICAL PARISH OF
ST MARY MERTON
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`1. ACCOUNTING POLICIES - continued`**
## **`Tangible fixed assets`**
```
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
```
```
Other equipment- 20% on cost
```
```
ConsecratedandbeneficepropertyofanykindisexcludedfromthefinancialstatementsbytheCharitiesAct2011 section
10(2) (a) and (c).
```
## **`Fixed Asset Investments`**
```
Investmentsareincludedinthestatementoffinancialpositionattheirfairvalue.Fairvalueisdefinedasquotedprices in
active markets for identical assets or liabilities.
```
```
AllgainsandlossesaretakentotheStatementofFinancialActivitiesastheyarise.Realisedgainsandlosses on
investmentsarecalculatedasthedifferencebetweensalesproceedsandtheiropeningcarryingvalueortheir purchase
valueifacquiredsubsequenttothefirstdayofthefinancialyear.Unrealisedgainsandlossesarecalculatedas the
differencebetweenthefairvalueattheyearendandtheircarryingvalue.Realisedandunrealisedinvestmentgains and
losses are combined in the Statement of Financial Activities.
```
## **`Stocks`**
```
Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowanceforobsoleteandslow moving
items.
```
## **`Taxation`**
```
The charity is exempt from tax on its charitable activities.
```
## **`Fund accounting`**
```
UnrestrictedfundsrepresentthefundsofthePCCthatarenotsubjecttoanyrestrictionsastotheiruse. Funds
designated by the PCC for a particular purpose are also unrestricted.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposes.Restrictionsarisewhenspecifiedbythedonor or
when funds are raised for particular restricted purposes.
```
```
Details of each fund is included in the notes to the financial statements.
```
## **`Pension costs and other post-retirement benefits`**
```
Thecharityoperatesadefinedcontributionpensionscheme.Contributionspayabletothecharity'spensionscheme are
charged to the Statement of Financial Activities in the period to which they relate.
```
## **`2. DONATIONS AND LEGACIES`**
|`Unrestricted`
`funds`
`£`
`Gift Aid donations`
`106,827`
`Tax recoverable`
`28,500`
`Legacies`
`21,000`
`Collections and other donations`
`16,313`
`172,640`|`Restricted`
`funds`
`£`
`-`
`-`
`-`
`-`
`-`|`2024`
`Total`
`funds`
`£`
`106,827`
`28,500`
`21,000`
`16,313`
`172,640`|`2023`
`Total`
`funds`
`£`
`108,580`
`28,533`
`1,050`
`16,254`|
|---|---|---|---|
||||`154,417`|
```
-11-
```
## **`THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY MERTON`**
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`3. OTHER FUNDRAISING ACTIVITIES`**
|`Unrestricted`
`Restricted`
`funds`
`funds`
`£`
`£`
`Church hall lettings`
`62,120`
`-`
`Summer and Christmas fairs`
`6,428`
`-`
`Parish magazine (advertising)`
`7,370`
`-`
`Other`
`5,328`
`3,032`
`81,246`
`3,032`
**`4.`**
**`INVESTMENT INCOME`**
`Unrestricted`
`Restricted`
`funds`
`funds`
`£`
`£`
`Rents received`
`650`
`-`
`Interest and dividends`
`12,146`
`-`
`12,796`
`-`
**`5.`**
**`INCOME FROM CHARITABLE ACTIVITIES`**
`Activity`
`Fees for baptisms, weddings`
`and funerals`
`Church activities`
**`6.`**
**`RAISING FUNDS`**
**`Other trading activities`**
`Unrestricted`
`Restricted`
`funds`
`funds`
`£`
`£`
`Parish magazine and guide`
`6,539`
`-`
**`7.`**
**`CHARITABLE ACTIVITIES COSTS`**
`Grant`
`funding of`
`activities`
`Direct`
`(see note`
`Costs`
`8)`
`£`
`£`
`Church activities`
`62,240`
`-`
`Missionary and charitable giving`
`-`
`12,927`
`Diocesan fund contribution`
`115,000`
`-`
`Church hall costs`
`64,429`
`-`
`Church management and administration`
`21,169`
`-`
`262,838`
`12,927`|`2024`
`Total`
`funds`
`£`
`62,120`
`6,428`
`7,370`
`8,360`
`84,278`
`2024`
`Total`
`funds`
`£`
`650`
`12,146`
`12,796`
`2024`
`£`
`4,826`
`2024`
`Total`
`funds`
`£`
`6,539`
`Support`
`costs (see`
`note 9)`
`£`
`2,898`
`-`
`-`
`-`
`-`
`2,898`|`2023`
`Total`
`funds`
`£`
`57,096`
`6,146`
`5,829`
`8,248`
`77,319`
`2023`
`Total`
`funds`
`£`
`650`
`10,271`
`10,921`
`2023`
`£`
`4,070`
`2023`
`Total`
`funds`
`£`
`6,514`
`Totals`
`£`
`65,138`
`12,927`
`115,000`
`64,429`
`21,169`|`2023`
`Total`
`funds`
`£`
`57,096`
`6,146`
`5,829`
`8,248`|
|---|---|---|---|
||||`77,319`|
||||`2023`
`Total`
`funds`
`£`
`650`
`10,271`|
||||`10,921`|
|||`278,663`||
```
-12-
```
## **`THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY MERTON`**
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`8. GRANTS PAYABLE`**
|`Missionary and charitable giving`
`The total grants paid to institutions during the year was as follows:`
`Mercy Ships`
`Christian Care`
`Church Missionary Society`
`United Society for Propogation of the Gospel`
`Welcare`
`Faith in Action`
`Spires Centre`
`Physically Handicapped and Able Bodied Club, Merton`|`2024`
`£`
`12,927`
`2024`
`£`
`5,689`
`1,034`
`1,034`
`1,034`
`1,034`
`1,034`
`1,034`
`1,034`
`12,927`|`2023`
`£`
`12,860`|
|---|---|---|
|||`2023`
`£`
`5,650`
`1,030`
`1,030`
`1,030`
`1,030`
`1,030`
`1,030`
`1,030`|
|||`12,860`|
```
StMary'ssupportsvariousmissionseveryyearwithfinancialdonations,thebudgetforwhichiscalculatedusing the
tithing principle.
```
## **`9. SUPPORT COSTS`**
|**`SUPPORT COSTS`**|||||
|---|---|---|---|---|
|||||`Governance`|
|||||`costs`|
|||||`£`|
|`Church activities`||||`2,898`|
|`Support costs, included in the above, are as follows:`|||||
|**`Governance costs`**|||||
||||`2024`|`2023`|
||||`Church`|`Total`|
||||`activities`|`activities`|
||||`£`|`£`|
|`Independent examiner fee`|||`2,898`|`2,760`|
|**`OTHER`**|||||
||||`2024`|`2023`|
||`Unrestricted`|`Restricted`|`Total`|`Total`|
||`funds`|`funds`|`funds`|`funds`|
||`£`|`£`|`£`|`£`|
|`Support costs`|`2,898`|`-`|`2,898`|`2,760`|
## **`10. OTHER`**
```
-13-
```
```
THE PAROCHIAL CHURCH COUNCIL OF
THE ECCLESIASTICAL PARISH OF
ST MARY MERTON
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`11. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2024norfortheyear ended
31 December 2023.
```
## **`Trustees' expenses`**
```
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
```
## **`12. STAFF COSTS`**
|`Wages and salaries`
`Other pension costs`
`The average monthly number of employees during the year was as follows:`
`Parish Office Secretary`
`Hall Manager`
`Music Director`|`2024`
`£`
`36,291`
`1,929`
`38,220`
`2024`
`1`
`1`
`1`
`3`|`2023`
`£`
`35,016`
`1,408`|
|---|---|---|
|||`36,424`|
|||`2023`
`1`
`1`
`1`
`3`|
```
No employees received emoluments in excess of £60,000.
```
## **`13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|`Unrestricted`
`Designated`
`fund`
`funds`
`£`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`154,055`
`362`
**`Charitable activities`**
`Church activities`
`4,070`
`-`
`Other fundraising activities`
`74,442`
`21`
`Investment income`
`10,921`
`-`
**`Total`**
`243,488`
`383`
**`EXPENDITURE ON`**
`Raising funds`
`6,514`
`-`
**`Charitable activities`**
`Church activities`
`53,987`
`21,027`
`Missionary and charitable giving`
`12,860`
`-`
`Diocesan fund contribution`
`110,000`
`-`
`Church hall costs`
`54,077`
`31,178`
`Church management and administration`
`22,018`
`23`
**`Total`**
`259,456`
`52,228`|`Restricted`
`funds`
`£`
`-`
`-`
`2,856`
`-`
`2,856`
`-`
`866`
`-`
`-`
`19,753`
`-`
`20,619`|`Total`
`funds`
`£`
`154,417`
`4,070`
`77,319`
`10,921`
`246,727`
`6,514`
`75,880`
`12,860`
`110,000`
`105,008`
`22,041`
`332,303`|
|---|---|---|
```
-14-
```
## **`THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY MERTON`**
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`**
|**`13.`**
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**
`Unrestricted`
`Designated`
`fund`
`funds`
`£`
`£`
`Net gains on investments`
`-`
`9,781`
**`NET INCOME/(EXPENDITURE)`**
`(15,968)`
`(42,064)`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`78,491`
`345,685`
**`TOTAL FUNDS CARRIED FORWARD`**
`62,523`
`303,621`
**`14.`**
**`TANGIBLE FIXED ASSETS`**
**`COST`**
`At 1 January 2024 and 31 December 2024`
**`DEPRECIATION`**
`At 1 January 2024 and 31 December 2024`
**`NET BOOK VALUE`**
`At 31 December 2024`
`At 31 December 2023`
**`15.`**
**`FIXED ASSET INVESTMENTS`**
**`MARKET VALUE`**
`At 1 January 2024`
`Disposals`
`Revaluations`
`At 31 December 2024`
**`NET BOOK VALUE`**
`At 31 December 2024`
`At 31 December 2023`
`There were no investment assets outside the UK.`|`Restricted`
`Total`
`funds`
`funds`
`£`
`£`
`3,063`
`12,844`
`(14,700)`
`(72,732)`
`106,470`
`530,646`
`91,770`
`457,914`
`Other`
`equipment`
`£`
`13,594`
`13,594`
`-`
`-`
`Listed`
`investments`
`£`
`436,794`
`(35,000)`
`21,540`
`423,334`
`423,334`
`436,794`|
|---|---|
```
-15-
```
## **`THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY MERTON`**
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`16. STOCKS`**
|`Stocks of guides`
**`17.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Other debtors`
`Tax recoverable`
**`18.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Bank loans and overdrafts (see note 19)`
`Trade creditors`
`Missionary and charitable giving`
`Wedding deposits and receipts in advance`
`Parish hall creditors, deposits and agency accounts`
`Accrued expenses`||
|---|---|
```
Asatthedateofthefinancialstatements£4,733(2023-£5,426)waspayabletothirdpartiesinrespectoffees and
collectionsreceivedasagent.Duringtheyearthetotalfundsreceivedasanagentforfeesandcollectionswas £19,999
(2023 £23,353).
```
## **`19. LOANS`**
```
An analysis of the maturity of loans is given below:
```
|`Amounts falling due within one year on demand:`
`Bank overdrafts`
**`20.`**
**`ANALYSIS OF NET ASSETS BETWEEN FUNDS`**
`Unrestricted`
`Designated`
`fund`
`funds`
`£`
`£`
`Investments`
`15,206`
`310,803`
`Current assets`
`75,393`
`70`
`Current liabilities`
`(29,910)`
`(95)`
`60,689`
`310,778`|`Restricted`
`funds`
`£`
`97,325`
`-`
`-`
`97,325`|`2024`
`£`
`95`
`2024`
`Total`
`funds`
`£`
`423,334`
`75,463`
`(30,005)`
`468,792`|`2023`
`£`
`-`
`2023`
`Total`
`funds`
`£`
`436,794`
`63,860`
`(42,740)`
`457,914`|
|---|---|---|---|
```
Comparatives for net assets between funds - 31 December 2023
```
|`Unrestricted`|`Designated`|`Restricted`|`2023`|
|---|---|---|---|
|`funds`|`funds`|`funds`|`Total funds`|
|`£`|`£`|`£`|`£`|
```
-16-
```
## **`THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY MERTON`**
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`**
|**`20.`**
**`ANALYSIS OF NET ASSETS BETWEEN FUNDS - continued`**
`Investments`
`41,403`
`303,621`
`Current assets`
`63,860`
`-`
`Current liabilities`
`(42,740)`
`-`
`62,523`
`303,621`
**`21.`**
**`MOVEMENT IN FUNDS`**|**`20.`**
**`ANALYSIS OF NET ASSETS BETWEEN FUNDS - continued`**
`Investments`
`41,403`
`303,621`
`Current assets`
`63,860`
`-`
`Current liabilities`
`(42,740)`
`-`
`62,523`
`303,621`
**`21.`**
**`MOVEMENT IN FUNDS`**|**`20.`**
**`ANALYSIS OF NET ASSETS BETWEEN FUNDS - continued`**
`Investments`
`41,403`
`303,621`
`Current assets`
`63,860`
`-`
`Current liabilities`
`(42,740)`
`-`
`62,523`
`303,621`
**`21.`**
**`MOVEMENT IN FUNDS`**|||
|---|---|---|---|---|
||`41,403`|`303,621`|`91,770`|`436,794`|
||`63,860`|`-`|`-`|`63,860`|
||`(42,740)`|`-`|`-`|`(42,740)`|
||||||
||`62,523`|`303,621`|`91,770`|`457,914`|
||||||
||||||
|`Net`
`movement`
`At 1/1/24`
`in funds`
`£`
`£`
**`Unrestricted funds`**
`General fund`
`62,523`
`8,166`
`Honeysett fabric maintenance`
`36,653`
`(10,798)`
`Families and young people fund`
`21,786`
`(18,282)`
`Hall maintenance fund`
`-`
`-`
`Music scholarship fund`
`11,564`
`207`
`Outreach fund`
`6,237`
`(47)`
`Organ maintenance fund`
`33,435`
`3,080`
`Glebe Fund`
`-`
`219`
`Youth Club Fund`
`941`
`-`
`Patricia Burrows Fund`
`95,890`
`6,139`
`Patricia Burrows Fabric Fund`
`97,115`
`16,639`
`366,144`
`5,323`
**`Restricted funds`**
`Peter Smith fund`
`91,770`
`5,555`
**`TOTAL FUNDS`**
`457,914`
`10,878`
`Net movement in funds, included in the above are as follows:`
`Incoming`
`Resources`
`resources`
`expended`
`£`
`£`
**`Unrestricted funds`**
`General fund`
`259,566`
`(251,400)`
`Honeysett fabric maintenance`
`-`
`(13,867)`
`Families and young people fund`
`-`
`(18,282)`
`Music scholarship fund`
`207`
`-`
`Outreach fund`
`-`
`(47)`
`Organ maintenance fund`
`10`
`-`
`Glebe Fund`
`1,225`
`(1,006)`
`Patricia Burrows Fund`
`-`
`-`
`Patricia Burrows Fabric Fund`
`10,500`
`-`
`271,508`
`(284,602)`
**`Restricted funds`**
`Peter Smith fund`
`3,032`
`(600)`
**`TOTAL FUNDS`**
`274,540`
`(285,202)`|`Transfers`
`between`
`At`
`funds`
`31/12/24`
`£`
`£`
`(10,000)`
`60,689`
`-`
`25,855`
`-`
`3,504`
`10,000`
`10,000`
`-`
`11,771`
`-`
`6,190`
`-`
`36,515`
`-`
`219`
`-`
`941`
`-`
`102,029`
`-`
`113,754`
`-`
`371,467`
`-`
`97,325`
`-`
`468,792`
`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`-`
`8,166`
`3,069`
`(10,798)`
`-`
`(18,282)`
`-`
`207`
`-`
`(47)`
`3,070`
`3,080`
`-`
`219`
`6,139`
`6,139`
`6,139`
`16,639`
`18,417`
`5,323`
`3,123`
`5,555`
`21,540`
`10,878`|
|---|---|
```
-17-
```
## **`THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY MERTON`**
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`21. MOVEMENT IN FUNDS - continued`**
## **`Comparatives for movement in funds`**
|`Net`
`movement`
`At 1/1/23`
`in funds`
`£`
`£`
**`Unrestricted funds`**
`General fund`
`78,491`
`(15,968)`
`Honeysett fabric maintenance`
`52,730`
`(16,077)`
`Families and young people fund`
`39,868`
`(18,082)`
`Hall maintenance fund`
`11,438`
`(11,438)`
`Music scholarship fund`
`10,992`
`572`
`Outreach fund`
`6,767`
`(530)`
`Organ maintenance fund`
`33,231`
`204`
`Glebe Fund`
`582`
`(582)`
`Youth Club Fund`
`941`
`-`
`Patricia Burrows Fund`
`189,136`
`754`
`Patricia Burrows Fabric Fund`
`-`
`3,115`
`424,176`
`(58,032)`
**`Restricted funds`**
`Peter Smith fund`
`86,717`
`5,053`
`Hall 2021-22 Appeal Fund`
`19,753`
`(19,753)`
`106,470`
`(14,700)`
**`TOTAL FUNDS`**
`530,646`
`(72,732)`
`Comparative net movement in funds, included in the above are as follows:`
`Incoming`
`Resources`
`resources`
`expended`
`£`
`£`
**`Unrestricted funds`**
`General fund`
`243,488`
`(259,456)`
`Honeysett fabric maintenance`
`-`
`(17,252)`
`Families and young people fund`
`-`
`(18,782)`
`Hall maintenance fund`
`-`
`(11,438)`
`Music scholarship fund`
`352`
`(150)`
`Outreach fund`
`-`
`(730)`
`Organ maintenance fund`
`10`
`(912)`
`Glebe Fund`
`21`
`(603)`
`Patricia Burrows Fund`
`-`
`(2,361)`
`Patricia Burrows Fabric Fund`
`-`
`-`
`243,871`
`(311,684)`
**`Restricted funds`**
`Peter Smith fund`
`2,856`
`(866)`
`Hall 2021-22 Appeal Fund`
`-`
`(19,753)`
`2,856`
`(20,619)`
**`TOTAL FUNDS`**
`246,727`
`(332,303)`|`Transfers`
`between`
`At`
`funds`
`31/12/23`
`£`
`£`
`-`
`62,523`
`-`
`36,653`
`-`
`21,786`
`-`
`-`
`-`
`11,564`
`-`
`6,237`
`-`
`33,435`
`-`
`-`
`-`
`941`
`(94,000)`
`95,890`
`94,000`
`97,115`
`-`
`366,144`
`-`
`91,770`
`-`
`-`
`-`
`91,770`
`-`
`457,914`
`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`-`
`(15,968)`
`1,175`
`(16,077)`
`700`
`(18,082)`
`-`
`(11,438)`
`370`
`572`
`200`
`(530)`
`1,106`
`204`
`-`
`(582)`
`3,115`
`754`
`3,115`
`3,115`
`9,781`
`(58,032)`
`3,063`
`5,053`
`-`
`(19,753)`
`3,063`
`(14,700)`
`12,844`
`(72,732)`|
|---|---|
```
-18-
```
```
THE PAROCHIAL CHURCH COUNCIL OF
THE ECCLESIASTICAL PARISH OF
```
```
ST MARY MERTON
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`21. MOVEMENT IN FUNDS - continued`**
## **`Unrestricted Funds`**
```
Patricia Burrows Fund - a fund designated for the maintenance of the church.
```
```
Honeysett fabric maintenance - a fund for the purpose of the maintenance and repair of the church building.
```
```
Honeysett Parish Projects - a fund designated for the 2022 refurbishment of the Hall.
```
```
Familiesandyoungpeoplefunds-afundforthepurposeoffundingtheAssociatePriestandother youth-related
projects.
```
```
Hall maintenance fund - a fund for the purpose of maintaining the fabric of the hall.
```
```
Music scholarship fund - a fund to support the music of the church
```
```
Outreach fund - a fund for the purpose of use for social and community events.
```
```
Kate Disney fund - a legacy fund at the discretion of the PCC.
```
```
Organ maintenance fund - a fund for the purpose to maintain the organ over a 30 year period.
```
```
Glebe fund - a fund for the maintenance of the Glebe Field and its trees.
```
```
Youth Club fund - a small fund for a youth project to be determined by the PCC.
```
## **`Restricted Funds`**
```
PeterSmithFund-alegacyreceivedwhosecapitalcannotbespent,incometobeappliedforoneormore music
scholarships and the general benefit of the music at St Mary's.
```
```
Hall Appeal Fund 2021-22 - a fund for the 2022 refurbishment of the Hall.
```
## **`Fund Transfers`**
```
Transfers into restricted funds are to reflect the additional spend above the restricted income from unrestricted funds.
```
## **`22. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 31 December 2024.
```
```
-19-
```
## **`THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY MERTON`**
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`23. SPECIAL COLLECTIONS`**
```
TheChurchactedasanagentduringtheyear.Collectionsmadedirectlyforthebenefitofthirdpartiesarenotincluded in
the above accounts. These collections were as set out below.
```
||`Brought`|`Incoming`|`Resources`|`Carried`|
|---|---|---|---|---|
|`Collections`|`Forward`|`Resources`|`Expended`|`Forward`|
||`£`|`£`|`£`|`£`|
||||||
|`Ashes Ground Preparation`|`112`|`612`|`(672)`|`52`|
|`Bishops' Lent`|`-`|`325`|`-`|`325`|
|`The Children's Society`|`3,322`|`1,774`|`(3,176)`|`1,920`|
|`Choir-Misc-Slush`|`-`|`1,644`|`(583)`|`1,061`|
|`Choir Fees`|`-`|`2,110`|`(1,950)`|`160`|
|`Christian Aid`|`-`|`5`|`-`|`5`|
|`Church Collection`|`24`|`10`|`(10)`|`24`|
|`Concert Collections`|`-`|`2,108`|`(2,014)`|`94`|
|`Crisis At Christmas`|`466`|`545`|`(1,011)`|`-`|
|`Fairtrade`|`-`|`442`|`(419)`|`23`|
|`Funeral Collections`|`(9)`|`1,823`|`(1,655)`|`159`|
|`Royal British Legion`|`-`|`422`|`(422)`|`-`|
|`Vicar's Fees`|`-`|`3,346`|`(3,285)`|`61`|
||||||
||`3,915`|`15,166`|`(15,197)`|`3,884`|
||||||
```
-20-
```