REGISTERED CHARITY NUMBER: 1134149 THE PAROCHIAL CHURCH COUY4CtL OF ST MARTINS, EPSOM UnAudlted Fth•ncial StatemeDts for the Ye*r Ended 31 De¢emi*r 2023 Tudor John LiMi￿a Nrghtingaie Hous 4648 Last Streei Epsom sU￿¢Y KT17 IHQ THE PAROCHtAL CUURCH COUNCIL OF ST MARTINS, EPSOM Contsnts of the Financial Statements for the year ellded 31 Deeember 2023 Po¥e Report of the Trustees Independellt Examlnerl8 Report Statement of Ffinalleixl Activities BAlanee Sheet 10 Notes to the FtnAncial Statements Det*iled Sts¢eJDent of Financial Activitles 20 to 21 THE PAROClItAL CHURCH Col￿1clL OF ST MARTINS. EPSOM Report of the Trustee5 for tbe year ended 31 December 2023 The trustees present their rel￿ with the fjnaneial stst¢meDts of th# chaTity for the year ended 31 December 2023. The trust¢e5 have adopted the provtsions of Ae¢ounting and Reporting by Ch&ities: stat¢￿ellt of liecornDW)ded Practice applicable to ¢harJ"ti¢s preparing their accounts in accordattce with the FinaDcial Reporting Standard applicable in the UK and Republio of Ireland IFRS 102) (effectiv¢ l January 20191. structure. governance and man#gement Mcmber5 of the Parothial Church Council (PCC) hold office in aecordan¢¢ with the Church Rq)Tcsentation Rules.- ¢ither ex-officin; (>r by ¢lection or appointment at the Annual P2To¢hial Church Meeting,. or by ¢o-OPtion. The vI￿r is an ex-officio TEUStet. Tbe charity is unineorp)rated ttgistrt&Y with the ChaTity C¢)n￿LSy1oll in Feb￿ary 2010 undw nunther 1134149 having previously been an exempt charity. The Charity is governed by the Parochial Chur¢h Council Measure {1956) as aM¢t￿ta by Chuwh Representatioll Rules. The PCC 15 respoJ]sible for making decisions Im all matters of general concern and importaT]ce to the parish, including deciding bow the funds of th¢ PCC are to be spenL All eligible members of the ¢ongregation are encouraged to regÈster on the Electoral Roll and to %tsnd for election to the PCC. PCC nkembffls who bave 8¢rvcd from the 1st January 2023 until the time thts r¢EK)rt was approved are: Ex-offlfio Member8: Rev. Nick Parish, Incujnbent & Chair of PCC sarab Luttoll. Chuwh warden DavEd Eggett, c.hwch warderL Rev. Juditb Mitchell, Assi8tant Curate (from 19th July 2023) Howard Bluet( Deanery Synod Rcprcscnt2tiv¢ Elected Members.. Margaret Allgu$ Iuntil 6th May 20231 Richard neavin John Flowcr (from 7th May 2023} Martyii Holloway-Nevill¢ Rob Jeffery, Se¢r¢tary Sarab Jeffery Phil Keith Chris T.utton (from 7th May 2023) Judith ￿'tchell (Uttttl 6th May 2023) Jobn Padwick Alexander ReDllie (from 7th May 2023) Lynne Srholefield {from 7th May 2023) Meg Topl¢y Iunril 6th May 2023) Helen William5 Co-opted Memberg: Andrew Roberts, Treosurer R¢￿Stered Charity nuTllber- 1134149 Principal address- Chwcb Street, Epsom, Surrey. KT17 4PX Indepelldent EXaTni￿ Hazel Day. Tuthir John Limitrf Nightingale House, 4fv48 East Street, Epsom, Surrey, KT17 IHQ Bankers Natwe5t Bank Plc. 115 High Street, Epsom, Sutrry, KT19 8DX CCLA Investment Management Limited, One Angel Lane, I￿nd￿n, EC.4R 3AB Page I THE PAROCHLIL CHURCH COUNCIL OF ST ￿lARTINS, EPSOM Report of the Trnstees for thc year endcd 31 Dcccmber 2023 Objectii'es a£liTrilie& The primary obje¢t of th¢ P3roGhial Churdl Council IPCC} is th¢ promotiott of the Gospel of our Lord Jesus Chtist according to the doctrines and practices of the Church of England. The PCC (Powers) Measure 1956 states that the PCC 'is to Co-operate witb the minister ill promoting in the parish the whole mission of the Church. pastoTrl. evangelistic. social at Ecumenical.. The PCC contitLue5 to achieve its prillwy objective by.. Maintaining the whole mission of the church and Sw)[￿lIng the ministy ￿ Thi8 include6 the resi￿ provision of OPPOTtwiities for divine worship, the prgjnotion of the Gospel of Christiall fcllow5hip,' Managing and Anaintaining the chureh premises at St. M8Xtin's and Si Siephen's so that they can be used in a variety of ways both secular. alld Swporting the Chutch of EllgI￿d by paying our calCu￿ed conthution to the Guildford Diocese Parish Share Fund Cummittee¥ During the year the collullittees worked to fith the work of tbc church within the realms of the PCC. Stsnding & Fitwice Cornmittee Mi5sioll & Outreach Cornmittee Dis¢iples*AiP & Fellowship Con)mittee Fabric Comll)itt¢e Ce￿traI statistics (￿￿siOn21 offi There were ttv¢lv¢ baptisms. Th¢r¢ was (trne marriage at Chur¢h and the ¢l¢r8y wndwted the fimerals of fourteen pe4)pl¢. AchfievemeDts 8nd performaDce Revitw ol. the year Throughout this year the PCC has tn¢t sii times with tbe Stotjdillg Comroitt¢e mectitig in bett¥¢gn PCC meeting to discuss relevont issues and topics before makitig recol￿nendatiOnS to the PCC. Issues whicb have been on our agenda diis year include th¢ following-. Brathivalte ￿e￿orIal - The PCC has continued to co￿51d¢r how we c3ll Tespond to the history and evEnts SU￿0V￿diDg the Brttbwaite memorial and througELOUt the Gourse of the year has made decisions to purchttse a free stonding iDfornthtifflL board whicb will givc a brt¢f overyiew of what we have ¢5tablisb¢d and link lo furth￿ infonDation on our w¢bsit¢. Thcrc is work continuing to organise an annual le¢fttre on the topic with the tkext of thes¢ being planned for the Swnmer of 2024. BuildiDgs- Th¢ n¢w l¢ase with the Langley Vale Village Hall Association has been a￿ed and Signed and w¢ hav¢ ¢JJjoy¢d 5cveral Gommullity based events using the C}￿r£h arLd the Hall thrnughoul th¢ y¢aT. AftEI ￿uCh hard work aThd consideration hy thc PC.C we wcrc uxjable to s¢¢ur¢ a new tenant for St John Chandlcr Hall and aftcr 8ccking profGS8ional adviee it bas been decided to Bell the building foT redevelopment and negotiations are currently undenvay and we hope to finalise this in 2024. Pagc 2 THE PAROCH￿ CHURC.H C.OUNCIL OF ST MARTIliS. EPSOM Report of the Trustees for the year eDded 31 DeceM￿r 2023 Partsh Needs Process- we complded the fw5t rouDd of the Parish Needs Proceu and the conMDitte¢ tssked with thinking about this presented the whole plan to b(¥th the PCC and the wider congregation. The five areas of FOC￿ were id¢ntified as follows.. Growing a Younger Congregatiots (C.hildren & Farnili¢s, 45's- 60's) New faciliÈi¢s In the South Aisl¢ Outreach work Éo bap115￿ families inclusion of exiernal speakers 8S Part of the Sunday Worship Communicate effcctivcly with ¢ath other alld th¢ congtygation Purcha8e and inst211ation of llew noticeboard8 inside alld outs&de of St Martin's Better use of the ¢hurcb website to keep content updated BallDers for (%utside the church to publictsc ¢vcnts Buildillgs for the future- creaiing spacc for cbur¢lL and COmmUDity New Church Hire bw¢hwe to attract morc community use New ¢abl¢s in the s¢rvery area to promote a eothjmunity fe¢ling Solar Panels being ¢xplored for installation on St Martin's ExplorEng Small Group5 A wide range of different small groups being plawied for 2024 In¢reased finaJ)cial giviDg New contactless card nwbi]2¢ purchasoj for St Martin'8 ChMrchwarden8 Report on the Fabri¢ of th¢ Churrh Thi5 year has seen a bigber Icvcl of attivity on rqyairin8 and maintaining our Churches" we have also begun to adilress the a¢tiolls that have evolv￿ out of the Chutch Development Plall. -I&L5 report divides the wotk thaÉ we have 8£hi¢vd this year inio th￿¢ ¢&tegoTies- routine aDnual $ervicin8. repairs aDd works reqllired by the CDP. Church Development Plan works. Disposal of the redundaut fillniture alld artefacts from the Church as set out ID F&ult1¢5 2023 - 083721 and 083727 Introduction of fow ¢afé style tables at the west end of Church- 2023- 089567 Installation of all additio]Jal Card Payment device 2023 089567. Disposal of 60 Upholstercd congrcgatiollal chairs from the Nave and two of the four bookcas¢s from the west end of ibe Church ?023 089573 Disposal of redundaTht scrvite b(kok5 etc from the bookcases at the west end of the Chur¢b 2023- 089575 Inst￿lation of two free5tandillg fLoticeboards at the west end of the Church. utilisill8 the Spa￿ released by the t5VO botsk¢as¢5 abov¢ 2023 0&9568. A8re¢ment to PUTchase of new storage utiit {2023 - 08957) amd two freestanding chairs {2023 - 089569) for tbe glass room under the tt>wci. (Purcbas¢ yet to be completed.) Purchase of new Cbri$lrnas Cn]) figur¢s, lo b¢ displayed un&r the altar. Routine Annual Servicing Awiual t¢$t of the emergeDCy lighting sysiem Annual servicing of Fire ApplAattces to both Churches Allnuai seryi¢ing alld ttst of th¢ roof alann 5yStellL Any fith.ngs alld other equiprnent that failed the test were r¢pl&ced. Portable Appliance tcstlllg af all electrical applian￿8 in both Churches. Any electrical 4yplian¢es which fall￿ tbe test were either repaired or else disposed of. iknt)ual sernicillg of the gas boilers in St Mar(ins Churcty iticludiDg any requiteAI rcmedial work and a gas safety certificate receive(L Amiuiil Ligbiellin8 Protection tcst. All wnedial work identified becaus¢ of the t&Sl was c￿Tled out alld th¢ Ththole systrm cetlific¥¢ed un completion. Major clear out and disposal of accumulated rubbish and redundant matcrial from the gallery Oll th¢ l¢ft-hand side of tbe chancel- opposit¢ tbe orgaD gallery Page 3 THE PAROCHtAL CHURCH COUF4CIL OF ST mART￿S, EPSOM Report ofthe Trustees ror tht ye#r eDdtd JI December 2023 Repair$ LED light fittillg failed replace(L EmergeuLy li¥htill¥ equipment on north aisle failed and r¢pIa¢ed. MiJwri¢pairs to wall plaster in the north wall of the cl¢rgyvesty Fire Risk Assessments carried out to both ChuT¢hes. Leaking water supply pipe repaired next to the box tomb on the north side of tbe western terrace. li¢rnoval of the con¢rei¢ kerb to the box tomb on the north side of the western terraci together with work to Clean the tomb Planting of a S￿ts Pine tree to N>lace tbc dead pine tree that was lopp￿ rernoved ill October 2021 Replacement of dead Cherry tree in nortbside of the Churchyard. opposite the memorial garden. Mortiee locks to the vesty d(M)rs, rcplaccd attdupwadcd to a suitcd system. Water leak to the two Trdi&tors in the south t￿Tr5ept, retncdied by dTaining down and scaling off both radiators. Electri¢d Power failur¢ to the orgall and lightw systeJDs ia Church on Christmas Eve,. llew three phase fi￿e ivtslalled Chti5tmas Day. Ep¥vm De#nery Synod There have been meetings of the De#￿try Synod on 15th 2023, 4th October 2023, and J&nuary 2024. The chair - the Area D¢au ex offi¢io- is Revd Rosemary Dollovan of Christ Church Epsom attd the lay chair Peter H8Th'ey. Each meding 18 held in a differelli parisb so we get to kTow ¢)ne onother and 1&2rn tsf good prddice and good ideas for enhatscing parish Ilfe. The first meeting was at St Paul's Nork and opened with a ¢el¢bration of Holy CommwiiDll a time of sh4Ted reflection followed by Revd Alex Stevells updatiog us on a£tiviti£s in thcir parish. The usual updates about clergy moves dc., followed and the Tr￿SU￿r.5 Report where we hear regulorly about one of those rare thsngs- a healthy balanee. Rosemary Donovan then interviewed four volullteer5 frorn Epsom Deaucry SyELod to answer a range of qu&stlODS about their personal faith, explaining thal as ChTi$tia115 we should b¢ ready to explain our faith to oth¢rs, in an ¢n¢ouraging and non-threakning way. St Pder so insttucted the early Christians in bis f]rst letter I Peter 3,15. "Always be ready to make your defetkce to anyone wbo demallds from you an a¢¢ount of the hope that is in you" Stllall group dis¢us$ion followd. The next meeting on 4th Ottober 21123 w88 at St John's Stoneleigh which serves a divided parish (thi¢ to the Tailway line not doctriuel) is looking forward to the new uscr friendly bridge and lifts. The cburch has been ordered so a5 to facilitate a variety of social events. We heard of nuny of th¢m after worship The PaTi5h Needs Process was on tbc agenda. It h&s betn tnuch dLSCU5sed and stveral key areas emerged that multiple parishes want to explore further, and these will be a focu8 for future Deanery collaboration. The first ttwo wi51 be 'small groups" and "growing leader5" 'rhe others, LThildren & Youth provision, Conimullity and St¢wardship will b¢ di￿￿5$ed further to find the best way forward ftsrthe Synod. It was at this tneeting we finally discussed our PCC'S motton ch2nging the Canon Law regarding Maniage in order to allow the marrlage of Couple of the Same sex with ]niDimal changes to th¢ pr¢ytnt liturgy for couples of opwsits scx. It 5eell]s that tbe authoritie5 were unhappy about this. perhaps because it directly chall¢nged our bishop Andrew's positio and an extraordinary voting sy5teTD decided by thetn. After I proposed the inotion we had, as we rarely do.. a good rwonse in debate. The vote, not taken by houses, was by secret ballot and resulted in 13 votes for, 5 votes for but preferring not to fornard the otion to the Diocesan Syllod as would norn)ally b¢ tb¢ cas¢ if a motion was passed. and 9 against vot¢s against with 8 abstentions. So though 18 parish tepresentatives w¢re for the Tnotion and 9 aga]n%t, the 8 abstentiO￿S 7ne3llt there was Jlot a Jajority of au those present votlng for the motion without the addendum. Most of those who absthined said they were doll so because after all these years of persuasion by the church nationauy a￿1 lo￿llY to ¢Dgage with Living iL Love aDd Faiib tbeii PCC had not yet done so. Page 4 THE PAROCHtAL CHURCH COUNCtL OF ST LIIARTINS, EPSOM Rtporl of the Trn8tr¢$ for the year eDded 31 De¢eJDber 2023 We Gan be eJ￿￿raged that so many people wee with the chur¢h moving fonvard in this way. If w¢ had a full complemeni of members froTD our pari8b the Tesolution migbt bave gone further but two ￿pOintments renydin to be niade. The third and last meeting of the sessioll was on Thursday 1st Febru8ry 2024 at All S￿ts West Ewell. where the main busilless w&8 discussioll of eommunity engagement. As usual it with word about the parish by Revd Jol)n MotTOW who has been there for two ycars llow. The Parish Needs Process bas provided & framewtsrk for their development plan froln wbich small groups are evolving and youth atsd other actiTritiES growing. Revd Paul D¢veT told tbe meeting about the uniting of the parishes of St Paul, Howell Hill aThd St Barnabas. Epsom and how chllrches of two dEff¢rent traditions of cburchmanship wtte working together as they built a Conununity Hub. Victoria Ashdown thc Dioccs&n Mission Lllabler de%ribed the needs of commllttities where people are poorer and lonely espeeially the bervdved. some of whom oniy ￿eet other people at & community café vÉ51t. Churdws need to be pla¢e8 to be trusted and in A recent survey the C. of E. trnsted by 334 falls behind ihe NFIS. the Labour Party and National Trustl We n¢ed to grow in lov¢ for tsur neigbbours, m¢eting their needs and it all begitis with prayer. Vie#r'$ Report- Rty. Nick P8ri&h The year 23124 hAS seen our recovcry froKtL lorkdown ¢ootinu¢ athl mueh of our Churcb life has returned to flowAsbitig. Our wors]ll"PPin8 coinmunity has settled down to roughly 61Wo in Church and 4￿/D onIine. which taken together mrtunity for exch8J)ge of views attd an opportunity to catch-up with each otber. The routine m¢¢tings itjclude a service review. service planning including the TOta5. a pastoral update, general church issues and details vf any planned ￿tt￿Y group5. The service r¢view gives members an opporninity to highlEgbt allything which is particularly ttoteworthy. or any problems whieb might have 0￿Urred anit need attcntion in the future. The rota5 give details of forthcoming scryices aod wbo is presiding ur preachitig) and the readings for Ihlit pthicular serYi¢¢. A r¢¢urring t(Jpic under the service review is thc I￿k of numbErs for Some of the Sullday evening st￿]e¢S, fr¢)m Choral Eveu50ng - sometitnes no Tnore than six people in ehurch. Numbers watchTng tbe live-streamed services are higher, although we do lloi know who tbey are or wbether they watcb the whole servicc or just a fcw minute5 of it. A dedicated email address has now been issued, invitin8 those who watch on line to get in touch. Page 5 THE PAROCHIAL CHURCH COUTr4CIL OF st MARTllYS, EPSOM Report of the Trnstets for the Y￿ar ended 31 December 21)23 The planning meeting5 include discussion of mi)r¢ complicated issues which need rdther more time than 1$ available at the routine me¢tings, and may also be used to dis¢uss, for example, an article or booL aTLd to dcvelop ideas for particular 5casons the churGh caletLdar.' Adv6llt and chriSt￿Las. LctLt and EasteT. SunJJnet events., Harvest alld Creation. During 2023 th¢ July meeting was held at Epsom College when th¢ Churh Development Plan was discu55ed, a5 too was all edited version of a talk given by a child p5y¢hologist. Another of these Tneetings. in October, was held at qt Paul's, Howell Hill, and w&8 mainly eonccrned witb planning for Adv¢nt and Christi￿. plus a discussion of Liturgy &s ￿l￿10n. It was at this meeting that the idea of recording short videos 8iNing refle¢tions bawl on ¢aeh of the O Antiphons and Malcojm Guite's sot]llets on these was WOPOS Plannillg for Lent, Holy Week and East¢r took place at a December mectin8 and a nuTnber of new and continuing studyldis¢ussiott and prayer wups was s¢beduled, including a conlinuxtion of th¢ Pilgrim Course" tbe new Six Steps intt> thc Biblc, and Being With; and thc praycr groups Contcmplatiyc Prayer and Centring Prdyer. (A booklet giving det&ils of all these groups was produ¢ed) Ri81{ Management Members of the PCC have rewiew¢d th¢ major 5trategi¢ operati(pna] risks which th¢ church fac¢s, in ordu to be satisfi that systcms have becn established to enablc regular reporLs lo be produced attd that 211 necessary steps have been r&ken to millimise the effects of all such risks which may exist. Finan¢i81 review Totsl incorne was £299,029, le&5 than 0.5 % lower than the equivalent figuTe last y¢aT. Totsl expenditure amovnted 10 £350.532. incre3sin8 from £267237 in 2021 albeit the 2022 figur¢ includes a write back of £39,672 relating to historical accrued expenditsjre. This provided Ihe Christian Tninisty costs including the ¢olltribution io the Diocesan parish share which largely provides the stipends and other clergy overheads (includtng housing for the clergy). It ]￿l￿deS the Costs of four employee roles. Overall we report a n¢t deficit for the year of £51,503 (2022: Butplus of £32,710) before other and losse8. The net ov¢ment for the year is a sutplus of £60.872 (2022: £271207) once iDvesttnent gains and loss¢s (anQ in 2022, 4 revaluation of the Woryle Road pr(wty) are included. After addtng res¢rv¢s brought forward at the begxnning of th¢ year, the balallces Gqttied fotwatd at 31st Dttember totalled £2,322.959 (2022.. £2,262,087} The PCC reports that we continue to operate as a going concem: . We continue to be p[l￿ent in <)ur BxpellditLWe. d¢5Pit¢ knving reserves in plac¢ it is be¢oming in¢r¢a$in8ly difficult to balance income with expenditure year or yeaT. - Our te5etYes ty)51tion 15 strong, allhvugh we will need to us¢ some of these for essential building work a￿1 renovations i the medium terrn. Likewise it is irnportant to hold reserves to cover the impaLt vf unlvrebeen evenis.. - The PCC is confident thai we can ¢ontinu¢ lo meet OUT wItiC￿ cottllnittnellts. Page 6 THK PAROCHIAL CHURCH COUNCIL OF ST MARTINS, EPSOM Report of the Trustee* Cor th¢ y¢&r ended 31 December 2023 Reserv¢$ poliry Policy.. It is the policy of thiq cburch to hold ill reseryes.. The equivalent of three rnonths general n￿￿ill¥ w5ts alld an additional Ime month's satary costs An arnount for likely building work8 at the next quinquenllial inspebtion. An amount for the next internal redecoratiott of the Church Building After these reserves have been d&signated, the PCC beli¢v¢5 thai tbe remaining resetves l¢ft over should be spent oll projEcts for there is a visiott bul Ee50urces, so as lo enh8mce alld imPTove the building of Sl Martin'8 to make it fjt for the tuture, and where p055ibk to carry out capitsl projects now that wilt reduce lotsg t¢ running ¢osls in the fjjth. This R¢serYes Poh"cy wtll be reviewed at regular inteTha15 as necessary. Statement ofRcsponsibiiitie$ of the Membern of the PCC (the trustees) The trustees are responsible for preparing the Report of the PCC alld the f￿￿￿Cial statements in accordan¢e with applicable law and Unit¢d Killgdom Accounting StaDdards (Uniied Kingdom Generally Accepted Acwuntlng Practice). The law applicabl¢ to chartties in England and Wales. the ChaTitics Act 2011, Charity (Accounts and Reports} Regulations 21)08 and the provL$lOt15 of the lrnst deed requtres the lrnstccs to prepare financial stalements for each flltanLMI y¢ar whi¢h give a ttue and fair view of tlle state of affairs of the charity and of tb¢ incoming resources alld iipph"cation of resources, including the inc(Trme and exp¢Ddilure, of the charity for that period. In prepariThg those ￿anCIal stalements, the trustees are required to elttt suitabl¢ accounting po]icies and then apply them consi$tently,' bserve th¢ tnethods and principles tbe Clwily SORP,. .make judgernent8 and estimates that are reasonablr aud p￿￿ent. "prepar¢ the financial statements on the 8OiD8 ¢on¢ern basis unless it is in4)propriat¢ to presume that tb¢ charity will continue in l)usiness. The lrystees are responsible for keeping proper accounting records which disclose with reasollable awracy at ally time the fillancial position of the charity a￿d to enable them to ensure thai the fInallL￿1 stat¢m¢nts comply with the Charities Act 2011, the Charity (Accounts and Reports) Reglllations 2(MJ8 a￿d the provisions of the trust deed. They arc also responsible for safeguarding the a81ets of the Charity and hence for taking reasonable steps for the prevention and detectioll of fraud and other irregularities. Approved by ord¢r of tbe boaxd of tmst¢¢s on ..... . and signed its behalf by: Reyd Callon N PaTish . Trustee Page 7 llldepeudeDt Examiuer's Report to the TTUStees of Tbc Paro¢biAi Churfh CouDfil of St Martin6 Ep5QlJJ ImdeptDdent ex#miner'5 report to the trustee5 of The P&rochi&l Chwrch Council of St Mthins, Epsom I report to the charity tn￿e¢S on my examination of the accounts of The Parochial Church Council of St Martins, Epsom (the Trust) for the Ye￿ ended 31 December 2023. Re%pon$ibi]itie$ and basls of report As the charity trnstees of the Trust you are responsible for the preparntion of the accounts in a¢c4)nJan¢e with the requirements of the Charitie5 Act 2011 Cthe Act). I report in respect of my ¢xamination of the Tn￿t'S accounts caryied out under Section 145 of the Act and in carrying out ￿Y eKarlliDation I have followed all applicable Dir¢ctiow given by the Charity ConJmi$sion under Sectiott 145(5)Ib) of the Act. Independent ex2mlTrer's statemettt Sinc¢ your clwity's gross income exceeded £250.0(Xl your must bt a of a listed body. I can confJrllL that l am (v]alificd io undertak¢ th¢ examimation b¢caus¢ l am a m¢mb¢r of tb¢ Instityt¢ of Chartcr¢d Ac¢ountsnts iu Bnglond and Wal¢s, which is one of the listed bodies. I have ¢ornpleted my examination. l Gollfimi that no material Etlatters have come to my attention in cK)nne¢tion with the ¢xamination giving me cause to believe that in any TXLaterial ftSPECt: a¢¢ouAtiug r¢¢ords were not kept in respect of the Trust as redquired by Section 130 of the Act., or the acc4>unts do not accord tbose reeords; or the a￿Oll￿ts do not CO￿pIY with the applicable requirements collcerning the form and colltent of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give and fair view wbich is iiot a Tnatter consideted &5 part of an illdependent eLi￿l￿atL0II. I have no concems gmd have GOll]e across no othu matt￿5 ill contLectioll with the exallLiDation to whiGIL attellti(trn thould be drawn in this wort ID order to enable a prnper understandi￿8 of the accoullts to be reached. Haz¢l Day Tudor John Limited Nighiingale House 4648 East Street Epsom SU￿eY KT17 IHQ 0310512024 Page 8 THE PAROCHtAI, C.HtIRCU COUNCIL OF ST MARTINS, EPSOM Statement nf Vlnxnci*l AetiTrryties for the year ended 31 Detember 2023 2023 2022 Totsl fi￿dS Unre5tiicted funds Restricted ftmds fi￿dS Note5 tNCOME AND Ell￿OW￿ENTs FROM Donatiolls and legacies 107,990 20 108,010 123,147 Charitable acti￿tieS tn¢ome from Charitable and an¢illary &ctivity 146,781 146,781 143,123 Investtllent income Other income 29,045 8,077 37.122 29,985 3,692 Total 290,932 8,097 299.029 XPENDITURF. ON Charitsble activides Missiong Giving Activities directly ￿lating to the work of th¢ churcb Chur¢h Mallagemellt and administratitsn 11,OOD 11,0 9,500 266,732 5,590 272.322 182,348 Total 350532 267237 N¢t gaIn￿(losses) on iDVCStments 88,615 23.760 112.375 136,503 NET INCO1￿￿,/(EXPE￿D1TuRE) Otber recognised galnsl(Iosses) Gains on revaluation of r￿ed a$sets 34,605 26.267 60,872 (103,793) Net movement kn funds 34.605 26.267 60.872 271,207 RECONCILIATIOIY OF Fuf4DS Total ￿[Ld5 brought foThvard 1.947,783 314,304 2.262.087 1,990.880 TOTAL FUNDS CARRIED FORWARD 1982 388 340,571 2 322 959 2,262 087 The notes form part of thes¢ f]naThcial statements Page 9 THE PAROCHIAL CHURCH COUNCIL OF ST,MARTDIS. EPSOM Balallee Sheet 31 Deeember 2023 2023 Total funds 2022 Total funds Unrestricred funds Restrleted futtdq Notes FIXED ASSETS Tangible assets Investments 994.089 772 493 994.089 1029.297 1.016.552 916923 1,766,582 256,804 2,023,386 1,933,475 CURRENf ASSETS Stocks Debto C￿h at bank and ill hand 797 14,786 236,512 797 14,786 320279 553 14,302 83,767 252.095 83,767 335,862 362,810 CREDITORS A￿ounts falling du¢ within one year io 136,289) (36,289) (34,1981 L￿T CURRENf ASSETS 215 806 83.767 299 573 328 612 TOTAL Assfi TS LESS Culu￿￿[ LL4BlLI.r￿S 1,982,388 340,571 2,322,959 2,262,087 NET ASSETS 1982388 2 322 959 2 262 087 FLryDS Unrestrtcted ￿ttds Restricted fimds 1.982,388 340571 1,947.783 314 304 TOTAL FUNDS 2,322,959 2.262,087 The financial stat¢m¢nts w¢r¢ approved by the Board of Tru5t¢¢s and authoris¢d for issue o . and w¢r¢ signed on its b¢half by". S Lutton- Trustee The notes fornL paTt of the$e financial statements Page 10 THE PAROCHIAL cHi￿lCH COUNCIL OF ST MARTllYS, EPSOM Notes ts the FinaTrcial Statement8 for the year ended 31 De(e]llber 2023 AccourfriNG POLICIES STATEMEDrr OF COMPLIANCE These fixwicial &tat¢rnents bave beell prepwryj in c4rnplia￿ with SORP (FRS 102} alld th¢ fiDan¢iat standards applicable ill the UK ond republic of treland. The eharity Iw takell advantsge of the following disclosure exelllptions in preparing these fIt￿lall statements. as pennitt¢d by FRS 102 The Finan¢tal Reporting Standard applioable ID the UK and Republic of trcland.: tbe requiTements of Section 7 Staterneot of Cash Flow5. INCOME INCC)ME RECOGNTfioN All income is recognised in the Statcmcnt of FinanGial Activities once the Church bas a contractuaI or uth¢r right to the fi]nds, it is probable that thc in¢ome will be received and the amoullt can be ll)easured reliably. tncome with colldttions attsched to its receipts is rEco8nised when the chuTch has fulfilled those ¢onditiiyns. INCOMING RESOURCES Collection alld pla[￿¢d giving under gift aid recogllised wben received. Income tax recoverable on Gift Aid is recOg￿Sed when it is claimable. Grants And legaci¢s are accounted for Lq &% the PCC is notified of its agreed legal ¢nliilemeDt. Parochial fees fronL w￿dingS and fullerall are accountcd for net of associated p&yEneats to the orgallist, verger and others. DEFERRF.D t¥COME Ineomc received which is ¢¢)ntrdcttully or otherwise n(rt expendabl¢ until a future period ig deferred. EXPENDITURE Expenditure is accoullted for on an accruals basi5 and has b¢en classified under headings that aggregate all cost re18ted to the category. Where costs callJLoi ￿ diTectiy attributed to parts'culat headings they have been alloettted to activities on a basis collsistetttwith the use of trsourG¢s. RESOURCES Ut>ED Missionary giving and donations by the PCC are accounted for when paid over, or wheu dwarded, if that award creates a binding obligation of the PCC. The Parish share. payable to the Dioces¢, is &ccoullted for when due. GOVERNknNCE COSTS These ar¢ costs associated with the govern￿¢ aryawents of the church which relate to the 8¢n¢ral rwining of the ¢huTch as opposed to those cost5 a&gwiated with fundraising or charitablc activity aud arr ci)sls associated witb consiitutiuThdl alld statutory requiretllents such as Examitier's F¢¢s. TANGIBLE FLKED ASSETS CONSECRATED PROPERTY AND MOVWLE CHURCH FURNI8FItNGS Collsecrated aDd benefL¢ed property of any kind is excluded from tbc accounts in aCCorda￿ce with C'harities Act 2011. No value is placed on movable church fimishings h¢ld by tbe PC.C and whÉGh require a faculty for disposal since the PCC considers this to be inalienable prnp¢rty. All expendilure oll consecI&t¢d buildings moveable church furnishings 18 written off as illcurred. PROPFRTY AT VALUATLof4 This consists of the ¢lergy bouse in Worple Road wbich w&$ valued infornlally ill 2023 at £750,(M)O. in consultstion with 8 lornl estate agent. PROPERTY AT COST Inwme is received from Church House whi¢b is used as a Community Hall and Parish Office and is a functional property ￿8¢d by the Parish. The co.8t nf these Premises is unknown and it is held ￿ nil cost The Cost uf Itnprovement5 is shown in the Ba]ance Sheet and depr¢ciated over the estimated economic lif¢ of those inJprovement8. The estimated life is 25 years. OTHER PROPERTIES Page 11 continued... TItE PAROCHIAL CHURCH COUNCIL OF ST MARTINS, EPSOM Nots# Éo th¢ FinAn¢lal Statsm¢nts- eolltlnued for the y¢ar ended 31 D¢eember 21123 ACCOUNTING POLICIES- continued TANGIBLE FLXED ASSETS A fi]rth¢r property 18 St John's Churcb Road, this ha8 ll9 ¢ost sn the Balance Sheet as it was a collsecrated property. Rental incom¢ is r¢c¢iv¢d and is shown in th¢ SÉwt¢m¢nt of Financial Activities. Th¢ cost of Valuation is ID excess of any b¢ll¢fit which might arist from such a Valuation. EQUIPMENT Office Equipment is stat¢d at cost less depreciation. Depreciation is provid¢d at the followiThg aTLnual rates in order to write off each asset over its estimated useful life. Computers being part of a Network- 50¢/0 on cost per aDnum Other oifice equipment - 330/0 Ot] cost per anThurn Piano and musical equipment - Piano 40/0 P.&. however Some equipment at IOQ/ty 200/0 and 25Y￿ rdtes. Sound and AV equ￿ment IOO/o on cost per annllm Ligbting equipment - 40/0 on cost per annum Other items of equipment and furniture are only capitalised where tbe purchase ptiee exceeds £l,O(M). All Software is written off in the year of acquisition. STOCKS Siock&' valued at the loweT of cost and nEt Tealibable value. after making dLEe allowanc< for obsol¢te arAd slow moving Ite￿5. TAXATIOI¥4 The Church does not trade or undertake ni)ll-chaTitable activities and has been exernpt￿ from tax on the surpluses generated by its charitable activities by EtNIRC. FUM) ACCOUNTtNG UNKLSI'RICI'ED FUThDS Uw¢stricted funds rq)resent the funds of the PCC that are not subject to any restrictions regaTdillg their use and are available for the general purposes of the PCC. DESIGNATED FiJNDS Thes¢ are G¢neral fi￿d5 which th¢ PCC has dccidEd to eannark for a Specific purpose, it can decide to amend these designatiow at 8Uy time. RESTRICTED FULYDS R¢stri¢t¢d fiwd8 ar¢ to b¢ us¢d for 5p¢cifi¢d putpo$¢s as laid down by tht Donor. Direct and support expelldimre which Meets dxese cr&terta is identified io the fund together with a flir allocation of othei costs. PENSION COSTS AND OTHER POsT-RETIREIV￿yT BENEFITS The charity operates a defined contriblltion pension 8chemc. Con1ributions payable to the c￿￿rity'S pension scheme arc cbarged to the Statemcnt of FinaDcial Activities in the period to which they relate. VOLUNTEERS COLNTIUBUTIOIN No financial b¢ncfit has b¢en rcflcctcd in thes¢ financial ststements in respect of the time and effort. freely given by many members of St Martin's and St Stephen's Churches. illvolved in ihe Lvt]ning and administration of hur¢h activities. CURRENT ASSETS DEBTORS AND PREPAYMENTS Amounts owing to the PCC at 31st D¢¢emb¢r in respect of fees, rents, tsx refill￿ or other income are shown as debtor5. CASH RESOURCES Page 12 Continued... THE PAROCHIAL CHURCH COUNCII. OF ST MARTLYS. EPSOM Notes tts the Financ14l Statements- eontinued for the year ended 31 Dccernb¢r 2023 ACC.ouNfThG POLICIES- ContEn￿ed CURRF.NT ASSETS Sbort temi deposits consisl of cash held with the Central Board Finance of the Church of England wbi¢h 18 repayable on demand. CASH AT BATrIK This in¢ludes monEes h¢ld at CCLA Battk in Dew)sit Account re￿Yab]e on demand which rec¢ives interest at th¢ o￿Tent day to dayr&t¢s. INVESTMENT INCOI4qE 2023 2022 Dividends D¢po8it accowit interest 26.755 10,367 26,563 37.122 29.985 TRUSTEES, REMUNERATION AND BENEFTrs TheTC were no tru5tees' remuneration or other benefits for the year ended 31 DecembeT 2023 nor for the year eDd¢d 31 December 2022. TRUSTEESI EXPETr4SES There were no lrystees, expens¢8 paid for tILe year ended 31 December2023 nor for the year ended 31 December 2022. STAFF COSTS 2023 2022 Wages and salaries Social security cobts Other pension c05ts 51,032 55,616 851 973 The averdge monthly number of employees durtng the y¢aT Was as follows.. 2023 2022 No employees re¢¢ived emolumellts in excess of £60.000. Tbe above iticlud¢s payments for the Verger and for Secretsrial support. Thc hontsrariums for the ChoiLinaster and Organist are included under costs for Choir aTrd Music. Page 13 coJhtinue(L.. THE PAROCHIAL CIIURCH COUNCIL OF ST 3IARTINS, EPSOM Notes to the Financlal Statementg- conthiued for the year ended 31 December 2023 COMPARATIVES FOR THE STATEMENT OF FINANCLIL ACTIVITIES Unrestricted funds Reatri￿ed funds Total funds INCOME AND ENDOITrThIEFffs FROM Dotvdtiolls alld legaei 123.147 123.147 Cbaritable actlvltles Income from Charitable and ancillary activity 143.123 143.123 Invegtsnent inc<)me Other incom¢ 24,478 5,507 29,985 Total 294,440 5,507 299.947 XPENDrruRE ON Charitable activities Mission5 Giving AetivitÉes th"Tectly telating to the work of the church Church Management and admintstration 9,500 9,500 178,882 75,389 3,466 182,348 TotMI 263 771 267.237 Nei gainsl{losses) on investments 106.4441 30.059 136 503) NET tNCOIWIEI(EXPENDITURE) Other recognised gains1(I05$es) GaiDs on revaluation of fixed assets (75.7751 (28.018) 1103,793) 375,000 Net movement In funds 299,225 (28.018) 271207 RECONCILIATION OF FUNDS Total funds brought foThvard 1,648,558 342,322 1,990,880 TOTAL FLN)S CARRIED FORWARD 1947 783 314.304 2 262 087 Page 14 continue(L.. THE PAROCHIAL CHL'RCH COUNCIL OF ST MARTINS. EPSOM Lyotes to the Fin2Dcl#l StAtements- contiDued for the year ended 31 December 2023 TANGIBLE FIXTD ASSETS Fixtures Freehold property fitttngs Totsls COST At l January 2023 knd 31 Decembet 2023 838.523 329 075 1 167 598 DEPRECIATION At l Jauuary 2023 Charge for ￿aT 51.330 99.716 18,922 151,046 At 31 Decembei 2023 54,871 118638 173 509 NET BOOK VALUE At 31 December 2023 783.652 210,437 994 089 At 31 DecembeT 2022 787 193 229 359 1016552 Properties at Cost includes the valuation of Worple Road of £750,(K)O ill 2023 and u]wrovemeDts undertaken to Chur¢h House duTing 2008. The improvements are beÈns writt¢n off over their estiniated useful h'fr of 25 years. FIXED ASSET tNVEsfL4IKNTS Listed inVes1￿ellts MARKET VALUE At l January 2023 Revaluations 916,923 112374 At 31 De¢¢mb¢r 2023 1,029 297 I¥ET BOOK VALU At 31 December 2023 1029 297 At 31 December 2022 916923 Tbere were no iDvesttnent assets Outside tbc UK. STOCKS 2023 2022 Sio¢ks 797 553 Page 15 continued... THE PAROcll￿L CHURCH COUNCIL OF ST.MARTIL%S, EPSUM Notes to the Flnandal Statsments- Continued for Ihe year ended 31 Deccmber 2023 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Otber debtOTS Prepayments 14.584 202 13.720 582 14.786 io. CIIEDITORS: AMOUNTS FALLILN'G DUE WtTHIL¥ 011￿ YEAR 2023 2022 Other ￿ltorS 36,289 34,198 11. MOVEMENT IN Firr4DS Net movement in fvnds At 31.12.23 At 1.1.23 UDrestri 271 2,404 7,932 TOTAL FUM)S 299 029 350 532 112375 60,872 Pag¢ 17 continued... THE PAROLIILIL CIIURCII COUNCIL OF ST MARTINS, EPSOM Notes to the FID4n¢i81 Ststements- continued for tbe year ended 31 December 2023 ii. MOVEMENT IN FifM)S- fonrfnued Cowpar¥tives foT movement fund8 Net movement in funds At 31.12.22 At 1.1.22 UllrLstrieted funds St Lmartins General Fund St Lmartins Invcstmtnt Fund St Martins Propety Fund SÉ Stephens GeneraL Fund Provision for Futur¢ Rcpairs and redccoration D¢signat¢d Legacy fimd (Hanley) D¢signatcd Legacy fL]nd (Davison) Upgrdde of Church House Desiguated Legacy {Syrad) 146,876 614.460 375,000 35.496 4,326 (62.681) 375,000 1,809 151,202 551,779 750.1)00 37J05 94,150 201,576 10,000 146,000 {9.826) 84,324 201,576 10,000 136,597 (9,403) 1,648,558 299,225 1,947,783 Rcstrlcted fvnds Legacy Futtd Orgatt Lega¢y Fabric L¢gacy Bell Renovatioll Fuud Metnorial Qarden War Memorial Choir & Organ Lcgacy Saint Stq>hens Legacy 40,069 183.355 8,982 13.844 4.495 1.598 89,008 771 40,069 169,951 5.507 12,399 4,495 1.598 79,514 771 (13,604) (3,475) (1,445) (9,494) 342.322 TOTAL FUNDS 1,990,880 271.207 2.262.087 Page l8 eontinued... THE PAROCHIAL CHURCH COUNCIL OF ST MARTINS, EPSOM Note8 to tbe Financial Ststetnents- continued for tbt ye4r ended 31 Detember 2023 ii. MOVEMENT IN VUf4DS- cotttinued Comparative net movement in fund8. included ill the abov¢ are as follows.. tncoming resour¢e$ Resources expended Gaills and losses Movement UDre5tricted funds St Martins General Fund St Martins Invcstrnent Fund St Martins Propety FuTLd St Stepbens CJencral Fund Provision foT Future R¢paiLs and redecoratiL)ll Upgrade of Churcb House 271,148 16,941 (252,200) 114,622) (79,622) 375,000 4,326 (62,681) 375,000 1.809 3,977 (2,168} 2,374 (12,200} {9,826) 9,403) 294,440 (263,771) 268,556 299,225 Restrifte41 funds Orgat) Legacy Fabri¢ Legacy Bell lienovatiott Fund Choir & org￿ Lcgacy 3,287 (16,891) (1,757) (1,794) 9,617 (13.604} (3,475} (1,445) 9,494) {1,718) 349 5,507 3,466 TOTAL FUTr4DS 267 237) 238,497 271207 The Propety Fund represents the valuation placed on 12 Wotple Road (See 6 Property at valuation) Usage of th¢ organ legacy is restricted to the repair and upkeep of th¢ organ in St Martins of Tours Church. It may be us¢d for the payment of other expenditure in relatiou lo the organ. 12. RELATED PARTY DISCLOSURES Ther¢ were no related paty transactions for the year ended 31 De¢¢mber 2023. Page 19 THE PAROCHIAL CHURCH COUNCIL OF ST MARTIIYS, LP>iOM Detalled Statement of Flnanctsl Ac*iTrryties for tbe year ended 31 December 2023 2023 2022 tNCOIWE AND ENDOWMEYTS Donatlons and legacles Giving sllbjeci to fjift Aid Tax recoverable Legacies Collections SL￿ary Donations 75.051 18,866 1,678 7,529 81,392 19,038 10,500 3,576 108,010 123,147 Investment ineome Dividends Deposit aecount interest 26,755 26,563 3.422 37,122 29,985 Charitable #ctivities Grants PCC Fee8 Church hO￿e and income from Community use St John's Chandler Hall income Magarine and St Martin's cards Mobile telephone mast rental Fund Raising Activitie8 1,000 2.881 71.396 51.200 760 15.532 3,983 66,S62 51,200 15,026 5.452 146,781 l43,123 other income Coffee and photwying Grants 464 3,692 Total Ineomillg resource$ 299.029 299.947 ExPE￿I)lTURE Ch8ritahle ￿¢t1￿tieS Wages Pensions Telephon¢ Postage and statlOD¢ry Church overseas Home mission and oth¢r Chur¢h Soci¢ties Ministry - Parish 5hart Ministy - aergJ exptnses Ministrv - Sanctuary and Service Costs Carritd forward 51,032 851 1.935 3,674 55,616 973 1.997 3.440 4.000 5.500 106,173 7,978 1,675 187,352 11,000 108,343 9,008 1,847 187,690 This pag¢ does Dot forn] part of the ststhtory finan¢i21 statements Page 20 THE PAROCHL4L CHURCH COUNCIL OF ST MARTINS, LPSOM Det4lled Staternent of Fin•nclal Aetlvttle$ ror the yexr eDded 31 Decemb¥r 2023 2023 2022 Charltable atttvltles Brougbt lorward Ministy- Choir & Music P￿&h aetiviÉies- Training and courses Mag&Line aud Card stall ¢ost& Property Lv&t&'_ Chuwh repairs 187,690 9.337 1,915 393 64256 187,352 10,612 4,116 377 7,530 E- li Property cwts- Upke¢p of otberbuildings Lighl h¢a( rdtes and insurance DeprELidtio Bank chatges Rquip]ILeIitEDaintenance 8utJdry expenses Children and Families Property C05ts- reversal of accrual 12,056 25,524 22,463 234 12,404 1,871 304 19.885 25.872 21,811 349 9,753 3.519 199 39 672) 338,447 251,703 Support eogts Governance costs Aecountmcy and legat fee8 Book kccping services 8,492 11,544 Total Ee50uwes expended 350.532 267 237 Net (expendSture)r￿coMe 51503) This pag¢ does not fonL part of th¢ ststsTtory finattcial state￿nts Pag¢ 21