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2024-12-31-accounts

The Parochial Church Council of the Ecclesiastical Parish of Hindhead

Report and Accounts Year ended 31 December 2024

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HINDHEAD

CHARITY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

Members of the Parochial Church Council

Members of the Parochial Church Council Richard Bodle Vicar and chairman Derek Holbird Associate minister Wes Sutton Associate minister Helen Mitchell Associate minister Jung Daruvala Churchwarden Sally Elliott Deanery Synod representative Rebecca Willows Deanery Synod representative Richard Maybury Diocesan Synod representative Radek Uzel Treasurer Amanda Gamble Holly Henderson (resigned 28 April 2024) Jacqui Maybury Neill Parsons Jane Thompson Duncan Willows Church administrator Rebecca Willows Electoral roll officer Julia Longhurst Director of music Jo Alegria Other working names St Albans Hindhead PCC Charity registration number 1134255 Principal address St Alban's Church Tilford Road Hindhead Surrey GU26 6RB Independent Examiner Ajay Rajani FCIE Stewardship 1 Lamb's Passage London EC1Y 8AB Bankers Lloyds Bank plc NatWest Bank plc CBF Church of England Funds

Contents Page
Charity Information 1
Annual Report of the Members of the Parochial Church Council 2-5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Accounts 9-17
Detailed Statement of Financial Activities with Comparatives 18

Page 1

PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD

Report of the Trustees for the Year Ended 31 December 2024

The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance 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

The objectives of the PCC, as set out in the governing document, are to co-operate with the incumbent in promoting in the ecclesiastical parish, the whole mission of the Church be it pastoral, evangelistic, social or ecumenical. The PCC is also responsible for maintaining certain church property situated within the parish, namely St Albans Church.

To achieve these objectives St Alban's, Hindhead aims to provide a community to enable people to worship God, to develop their faith, and to build up a sense of community, within the parish of Hindhead.

To this end, it provides:

In addition, in order to finance these activities of St Alban's as a worshipping community, St Alban's uses its buildings for concerts, for rehearsals, for classes and for other purposes.

To maintain its ability to support both parish and community activities, the parish regularly undertakes work to maintain and, where possible, enhance the buildings and their facilities.

Volunteers

We would like to thank all the volunteers for their valuable contribution to our ministry and for keeping the church running.

ACHIEVEMENT AND PERFORMANCE

Achievements and Performance and Public Benefit

When planning their activities, the incumbent and the PCC considered the Commission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. The church continued to serve the community and events included a summer Holiday Club for children. This was aided by the employment of a new Children and Families Worker.

Major work to address significant problems with the stonework and roofs around the Oratory and bell tower was begun. We continued to seek to address the issues identified in the Quinquennial inspection of 2020.

The Church Cottage was rented out throughout the year. St Alban's continued to give a regular amount to the work of the Bible Society.

Page 2

PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD

Report of the Trustees for the Year Ended 31 December 2024

FINANCIAL REVIEW

Financial position

The total income was £211,705 (2023: £217,969) as detailed in the financial statements. Expenditure amounted to £204,429 (2023: £199,618) resulting in net income of £7,276, compared with net income in the preceding year of £18,351. The net income arises from:

In addition, the value of the church cottage was increased by £200,000 and this added to restricted funds.

£9,427 of General Funds was paid to charities in line with our policy to give away 10% of our regular income based on Funds raised in the previous year.

The funds totalled £1,384,081 at 31st December 2024, compared with £1,176,805 at 31st December 2023. The total at the year end was comprised of:

A number of factors contributed to the result for the year:

Unrestricted income was £156,920 which was £4,799 higher than 2023. Donations were approximately £8,800 higher, although mainly because of higher one-off donations rather than increased regular giving. Income from hall hire, wedding/funeral fees and other sources was approximately £4,000 lower.

Unrestricted expenditure was £153,553 which was £12,296 higher than the previous year. The main increases were in heat & light (in the previous year a large part was funded from restricted funds) and our parish share, which increased by approximately £4,000 and £3,000 respectively. Also a further £5,000 increased expenditure across maintenance, IT equipment and website (including to enable podcasts), junior church/youth, outreach and depreciation.

Restricted fund income was £54,785 and restricted fund expenditure was £50,876. Movements on specific funds can be seen in the Funds note. In particular, the brought forward fund of £8,442 was spent following the appointment of the new Children and Families worker. Designated general funds of £69,652 were carried forward at the year end to fund this work.

Reserves policy

The PCC’s Reserves policy is to retain sufficient reserves:

To achieve this the PCC aims to maintain unrestricted reserves equal to a minimum of 6 months of general fund unrestricted expenditure (or about £75,000). In addition, where possible the PCC will aim to hold reserves of up to 9 months of general expenditure (or up to £112,500) recognising the risks of:

The PCC consider their likely actions for reserves above that level would be:

At the year end the charity held free reserves of just over £120,000, which were the net current assets held by the unrestricted general fund. In addition, just under £70,000 had been set aside in a designated fund for the Children and Families Worker. The PCC is complying with its Reserves policy.

Page 3

PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD

Report of the Trustees for the Year Ended 31 December 2024

Restricted funds

The restricted funds are set out in Note 19 to the accounts.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Parochial Church Council (PCC) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is a Registered Charity.

Recruitment and appointment of new trustees

The appointment of PCC members is governed by, and set out in, the Church Representation Rules. The PCC comprises ex-officio members (which includes clergy and churchwardens), elected members and co-opted members. The PCC organise elections annually to fill vacancies.

Management

Responsibility for setting policy and for determining the parameters within which the PCC should operate rests with the PCC who meet regularly to monitor activities. Responsibility for the day to day operation of the PCC has been delegated to a team led by the incumbent.

Risk management

The PCC has considered the major risks to which the Church is exposed. The PCC has reviewed systems and identified steps to mitigate those risks such as:

OTHER MATTERS

With regard to the PCC’s obligations to safeguard children and vulnerable adults, the members of the PCC confirm that they have complied with their duties under section 5 of the Safeguarding and Clergy Discipline Measure 2016.

The last quinquennial inspection was held in 2020. Since then the PCC has been undertaking a schedule of remedial work. In the coming year this will include the replacement of a boiler which is expected to cost about £27,300.

STATEMENT OF RESPONSIBILITIES OF THE MEMBERS OF THE PCC

The PCC is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the PCC to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources for the financial year. In preparing these financial statements, the PCC are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

  5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The PCC is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 4

PAROCHIAL CHURCH COUNCIL OF ST ALBAN'S, HINDHEAD

Report of the Trustees for the Year Ended 31 December 2024

Approved by order of the board of trustees on 18 May 2025 and signed on its behalf by:

Richard Bodle - Trustee

Page 5

INDEPENDENT EXAMINER'S REPORT

TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HINDHEAD ('the Charity')

I report to the members of the PCC (who are also the charity's trustees) on my examination of the accounts of the Charity for the year ended 31 December 2024 on pages 7 to 18 following, which have been prepared on the basis of the accounting policies set out on pages 9 and 10.

Responsibilities and basis of report

As members of the PCC you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Charity 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.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Ajay Rajani FCIE Stewardship 1 Lamb's Passage London EC1Y 8AB

Date:

Page 6

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HINDHEAD

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2024

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Other income
Total income and endowments
EXPENDITURE ON:
Charitable activities
7
Raising funds
8
Total expenditure
Net gains/(losses) on investments
11
Net income/(expenditure)
Transfers between funds
16
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
16		 Unrestricted
Funds
£
122,919
2,551
17,551
13,899
-
156,920
140,829
12,724
153,553
-
3,367
8,860
12,227
185,291
197,518		 Restricted
Funds
£
53,448
1,337
-
-
-
54,785
50,876
-
50,876
200,000
203,909
(8,860)
195,049
991,514
1,186,563		 Total
Funds
2024
£
176,367
3,888
17,551
13,899
-
211,705
191,705
12,724
204,429
200,000
207,276
-
207,276
1,176,805
1,384,081		 Total
Funds
2023
£
178,367
5,664
20,073
13,270
595
217,969
186,443
13,175
199,618
-
18,351
-
18,351
1,158,454
1,176,805

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The notes on pages 9 to 18 form part of these accounts.

Page 7

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HINDHEAD

BALANCE SHEET

AS AT 31 DECEMBER 2024

Note
FIXED ASSETS
Tangible assets
10
Investment property
11
CURRENT ASSETS
Debtors
12
Cash at bank and in hand
13
CREDITORS: Amounts falling
due within one year
14
Net current assets / (liabilities)
Total assets less current liabilities
TOTAL NET ASSETS
FUND BALANCES
16
Unrestricted Funds
General funds
Designated funds
Restricted Funds
Revaluation reserve
Other restricted fund balances		 Unrestricted
Funds
£
7,211
-
7,211
26,204
172,575
198,779
(8,471)
190,307
197,518
197,518
127,866
69,652
197,518
-
-
197,518		 Restricted
Funds
£
458,445
600,000
1,058,445
4,675
123,443
128,118
-
128,118
1,186,563
1,186,563
-
-
-
200,000
986,563
1,186,563		 Total
Funds
2024
£
465,656
600,000
1,065,656
30,879
296,018
326,897
(8,471)
318,425
1,384,081
1,384,081
127,866
69,652
197,518
200,000
986,563
1,384,081		 Total
Funds
2023
£
470,535
400,000
870,535
35,242
277,625
312,867
(6,597)
306,270
1,176,805
1,176,805
115,291
70,000
185,291
-
991,514
1,176,805

The financial statements were approved by the members of the PCC and were signed on its behalf by:

----------------------------------------------------------------------------Richard Bodle - trustee Radek Uzel - trustee

Date: 18 May 2025 Date: 18 May 2025

Charity number: 1134255

The notes on pages 9 to 18 form part of these accounts.

Page 8

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HINDHEAD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1 Statutory Information

The Parochial Church Council of St Alban's Hindhead is a charity registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention as modified by the revaluation of certain assets, which are measured at fair value through the Statement of Financial Activities. The financial statements include all activities for which the PCC is legally responsible; the activities of informal gatherings of church members and groups that owe their main affiliation to another body are excluded.

These financial statements have been prepared in accordance with The Church Accounting Regulations 2006, the 'Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)' ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The PCC have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The PCC have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the PCC have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The PCC have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

b) Income Income (which includes planned giving, collections and other donations) is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part income is generally recognised when it is received by, or on behalf of, the PCC. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes:

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from weddings, funerals, church activites and community activities.

Income from other trading activities represents income receivable from activities undertaken to generate funds for the charity. It comprises income from letting church facilities.

Investment income represents income generated by the charity's assets and includes income from letting the charity's investment property and interest.

Page 9

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HINDHEAD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Contributions in respect of the diocesan parish share are included in the Statement of Financial Activities for all amounts agreed to being payable for the financial year. Any contributions that have not been paid over by the year end are included as a creditor.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

Expenditure on raising funds comprises the costs incurred on trading activities, fundraising and managing investments.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

d) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the PCC in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the PCC for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

e) Tangible fixed assets

Consecrated and beneficed property is not included in these financial statements by virtue of s.10(2) of the Charities Act 2011. All expenditure on consecrated or beneficed buildings is written off in the year in which it is incurred.

Movable church furnishings held by the incumbent and Churchwardens on special trust for the PCC and which require a faculty for disposal are capitalised in accordance with the policy set out below. These items are regarded as inalienable property and are listed in the church's inventory which can be inspected at any reasonable time. Inalienable property acquired prior to 2000 has not been capitalised as there is insufficient cost information available.

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Freehold property Over 50 years after taking account of the property's residual value Church equipment Over 3 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Investment property

g) Pension scheme arrangements The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

h) Taxation

i) Financial instruments The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive).

j) Exemption from preparing a cashflow statement The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

Page 10

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HINDHEAD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

3 Donations and legacies

ations and legacies
Planned giving
Collections and other ad hoc giving
Donations to Small Projects Appeal
Gift aid receivable
Items donated to Gift Bank and Clothing Bank
Grants
From the Government's Listed Places of Worship Scheme
From a Trust established by a legacy
for upkeep, maintenance and improvements to the church
From Diocese (for Re-energise)
From the Commonwealth War Graves Commission		 2024
£
77,604
34,296
10,539
24,151
4,500
1,835
22,066
1,341
36
176,367		 2023
£
89,760
7,066
6,520
20,099
-
-
54,886
-
36
178,367

During the year the PCC received donations of clothes and items that could be given away as gifts from the PCC's Clothes Bank and Gift Bank, which the PCC has valued at £4,500.

4 Income from charitable activities

Wedding and funeral fees
Holiday club
Toddler group
Other church activities
me from other trading activities
Church hall hire		 2024
£
2,323
815
522
228
3,888
2024
£
17,551
17,551		 2023
£
4,051
795
818
-
5,664
2023
£
20,073
20,073

5 Income from other trading activities

6 Investment income

stment income
Cottage rent
CCLA and bank interest		 2024
£
10,222
3,677
13,899		 2023
£
11,400
1,870
13,270

Page 11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HINDHEAD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7 Charitable expenditure

a
b		 Costs incurred directly on specific activities
Ministry expenses:
Parish share
Children and families worker and related expenses
Music (including organist)
Clergy expenses
Vicarage
Cost of Services
Adult training
Junior church
Holiday club
Toddler group
Outreach
Gift Bank and Clothes Bank (including distribution of donated items)
War graves
Small projects appeal
Humidifier for organ
Notice board
Various other
Property expenses:
Minor repairs and maintenance
Insurance
Utilities
Cleaning
Churchyard expenses
Fabric
Repairs in respect of damaged water pipes
Re-energize project
North west corner
Gutter works
Depreciation of tangible fixed assets
Grants payable (note 7c)
Costs incurred on support & administration
Governance costs
Independent examiner's fee for preparing and examining the accounts
Printing, postage and stationery
Administrator
Other
Depreciation of tangible fixed assets
Total expenditure		 2024
£
78,692
8,790
2,304
2,972
579
3,725
551
388
1,085
272
4,069
6,379
36
3,703
-
231
113,777
2,933
5,132
10,027
1,838
1,896
605
12,398
5,363
-
-
10,418
50,610
9,827
174,214
2,496
2,562
8,749
308
3,375
17,490
191,705		 2023
£
75,707
-
1,940
3,689
535
3,829
930
10
436
400
723
2,166
36
-
2,467
-
92,868
4,082
4,775
12,070
2,362
6,293
3,847
-
-
17,530
8,768
10,418
70,145
10,023
173,036
1,950
2,443
7,224
201
1,589
13,407
186,443

Page 12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HINDHEAD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7c Grants payable

Grants payable
Grants for UK and overseas mission
Grants for the relief of poverty
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
Grants for the relief of poverty
The charity's principal grants to institutions comprised:
Bible Society
Christian Aid
The PCC aims to give away 10% of its regular income to charities.		 Institutions
£
9,293
134
9,427
Institutions
£
9,635
188
9,823		 Individuals
£
-
400
400
Individuals
£
-
200
200
2024
£
9,293
134
9,427		 2024
£
9,293
534
9,827
2023
£
9,635
388
10,023
2023
£
9,635
188
9,823
8
Cost of raising funds
Church Hall expenses
Letting costs
Event expenses		 2024
£
8,763
3,819
143
12,724		 2023
£
10,630
2,289
256
13,175

9 Analysis of staff costs, the cost of key management personnel and trustee remuneration

The average monthly number of employees during the year was 0.5 (2023: nil). No staff received salaries at a rate of more than £60,000 per annum.

The PCC relies on a team of volunteers to help run the church and various community activities. The trustees estimate that approximately 60 people volunteer in various roles that are too numerous to acknowledge properly in these financial statements. They include mission, pastoral, worship/service related, church and grounds upkeep, activites for young people and children, adminstrative, financial and many more. In accordance with the Charities SORP, the value of the services provided by these services is not recognised in these accounts because it cannot be measured reliably.

The charity's key management comprise the members of the PCC and the key staff named on the Charity Information page. During the year the charity made the following payments to key management or to individuals closely connected to them: a) £8,122 (2023: £7,224) was paid to Rebecca Willows, who is a member of the PCC, for administration services. b) £627 (2023: £nil) was paid to Jenny Parsons, who is married to a member of the PCC, for administration services.

These payments are permitted by the charity's governing document.

Some clergy members of the PCC receive a stipend from the Diocese and so they are not employees; some of the Parish Share paid to the Diocese is used to help meet the cost of these stipends. Richard Bodle (the incumbent) was provided with accommodation by the Diocese (which is customary for clergy) and the PCC pays some accommodation related expenses.

Page 13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HINDHEAD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

10 Tangible fixed assets

Cost
At 1 January 2024
Additions
At 31 December 2024
Accumulated depreciation
At 1 January 2024
Charge for the year
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023		 Freehold
Property
£
520,918
-
520,918
52,055
10,418
62,473
458,445
468,863		 Church
Equipment
£
14,921
8,914
23,835
13,249
3,375
16,624
7,211
1,672		 Total
2024
£
535,839
8,914
544,753
65,304
13,793
79,097
465,656
470,535

The value of the freehold property is based on an insurance valuation undertaken in 2014 plus the net book value of the link constructed between the church and church hall in 2018. The insurance value in 2014 (which was £420,000) was deemed to be the cost of the property when the charity adopted FRS102 in 2016.

11 Investment property

stment property
Fair value brought forward
Change in value of investments
Cost or fair value carried forward		 2024
£
400,000
200,000
600,000		 2023
£
400,000
-
400,000

The church cottage was valued at 31 December 2024 by the trustees after taking advice from a local estate agent.

12 Debtors

Gift aid recoverable
Other debtors
Prepayments and accrued income
13
Cash at Bank and in Hand
Cash at bank with immediate access
Interest bearing deposit accounts
Money on fixed term deposit
Unbanked cash and cheques		 2024
£
23,985
3,308
3,586
30,879
2024
£
57,777
166,852
70,667
722
296,018		 2023
£
22,239
4,574
8,429
35,242
2023
£
23,487
213,388
40,000
750
277,625
14
Creditors: liabilities falling due within one year
Other creditors
Accruals		 2024
£
785
7,687
8,471		 2023
£
995
5,602
6,597

Other creditors include £111 (2024: £162) held by the Church on behalf of the local branch of 'Mother's Union' and is repayable on demand. Mother's Union is an international membership movement supporting families and communities in need of support in the UK and worldwide since 1876.

15 Pension commitments

During the year employer’s pension contributions totalling £140 (2023: £nil) were payable to defined contribution personal pension schemes. At the balance sheet date pension contrtibutions totalling £55 (2023: £nil) were owed.

Page 14

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HINDHEAD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

16 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Children and families worker
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Holiday Club
Toddler Group
Property fund
Graves Trust
Upkeep, Maintenance and
Improvements
Hindhead Youth
Community Outreach Projects fund
Eco Church
Small Project Appeal
Re-Energise
Hardship
Charitable Giving
Outreach
Aggregate of funds		 Opening
balance
2024
£
70,000
115,291
185,291
984
908
868,863
5,000
103,080
8,442
-
184
4,053
-
-
-
-
991,514
1,176,805		 Incoming
resources
2024
£
-
156,920
156,920
815
522
-
36
23,007
-
7,045
45
13,076
2,234
1,000
5,310
1,694
54,785
211,705		 Outgoing
resources
2024
£
(348)
(153,205)
(153,553)
(1,085)
(672)
(10,418)
(36)
(12,398)
(8,442)
(6,379)
-
(3,935)
(5,363)
(400)
-
(1,748)
(50,876)
(204,429)		 Transfers
in the year
2024
£
-
8,860
8,860
-
-
-
-
(3,128)
-
-
-
(8,914)
3,128
-
-
54
(8,860)
-		 Gains and
losses
2024
£
-
-
-
-
-
200,000
-
-
-
-
-
-
-
-
-
-
200,000
200,000		 Closing
balance
2024
£
69,652
127,866
197,518
714
758
1,058,445
5,000
110,560
-
666
229
4,281
-
600
5,310
-
1,186,563
1,384,081

During the year:

a) £8,914 was transferred from the Small Project Appeal fund to unrestricted general funds, which was in respect of purchases of fixed assets (namely audio visual equipment and a defibrillator) that satisfied restrictions on the Small Project Appeal fund.

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

ysis of net assets by fund
assets and liabilities of the various funds were as follows:
Tangible fixed assets
Investment property
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
7,211
-
-
-
26,204
-
102,923
69,652
(8,471)
-
127,866
69,652
Unrestricted Funds		 Restricted
funds
£
458,445
600,000
4,675
123,443
-
1,186,563		 2024
£
465,656
600,000
30,879
296,018
(8,471)
1,384,081

Page 15

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HINDHEAD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

16 Funds continued

In the previous year the movements in the charity's funds were as follows:

Designated Funds
Major Projects fund
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Holiday Club
Toddler Group
Property fund
Graves Trust
Upkeep, Maintenance and
Improvements
Hindhead Youth
Community Outreach Projects fund
Heat and Light
Eco Church
Small Project Appeal
Aggregate of funds		 Opening
balance
2023
£
70,000
104,590
174,590
625
490
879,281
5,000
84,631
8,442
211
5,000
184
-
983,864
1,158,454		 Incoming
resources
2023
£
-
152,121
152,121
795
818
-
36
54,887
-
1,792
1,000
-
6,520
65,848
217,969		 Outgoing
resources
2023
£
(141,257)
(141,257)
(436)
(400)
(10,418)
(36)
(36,438)
-
(2,166)
(6,000)
-
(2,467)
(58,361)
(199,618)		 Transfers
in the year
2023
£
-
(163)
(163)
-
-
-
-
-
-
163
-
-
-
163
-		 Gains and
losses
2023
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Closing
balance
2023
£
70,000
115,291
185,291
984
908
868,863
5,000
103,080
8,442
-
-
184
4,053
991,514
1,176,805

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Unrestricted Funds Unrestricted Funds
General Designated Restricted
funds funds funds 2023
£ £ £ £
Tangible fixed assets 1,672 - 468,863 470,535
Investment property - - 400,000 400,000
Debtors 35,242 - - 35,242
Cash at bank and in hand 84,974 70,000 122,651 277,625
Creditors falling due after one year (6,597) - - (6,597)
115,291 70,000 991,514 1,176,805

Page 16

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HINDHEAD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

16 Funds continued

Designated funds

The Children and Families Worker fund (which was previously known as the Major Projects fund) represents funds set aside by the PCC to help meet the cost of employing a Children and Families Worker who joined the PCC in 2024.

Restricted funds

The Holiday Club fund was created to carry forward surplus income from past community holiday clubs.

The T oddler Group fund was created by donations received from carers with children under 5 who attend this group on Wednesdays for activites in the Church hall.

The Property fund represents the book value of the Church cottage and Church hall, which must be used to benefit the church or the community.

The Graves Trust comprises £5,000 held for the upkeep of the graves of Mr Nichol and his sister. A small amount is received each year form the Commonwealth War Graves and is spent appropriately.

The Upkeep, Maintenance and Improvements fund comprises grants and donations received to provide for the general upkeep, maintenance, and improvements to the Church and graveyard, and other charitable causes in so far as they relate to the Church. Most of the inccome comes from the Nicol Trust, which was established by a legacy.

The Hindhead Youth fund was created to help fund the employment of a youth and children's worker and related costs. The Eco Church fund was created to meet the cost of reviewing the Church's impact on the environment and to promote environmental issues amongst the congregation and local community.

The Community Outreach Projects fund was created from donations of goods and of money received to help support families suffering financial hardship.

The Heat and Light fund was created from donations received to help meet the cost of utilities consumed by the church.

The Small Project Appeal fund was created from donations received to help pay for a variety of small projects, which this year were for new audio visual equipment, a defibrillator, organ humidifier and churchyard noticeboard. The Re-Energise fund was created from a grant received to help the church become more energy efficient (particulary in respect of heating).

The Hardship fund was created from donations received to help individuals suffering hardship

The Charitable Giving fund was created from donations received to help support other charities engaged in activities closely aligned with the PCC's aims.

The Outreach and Events fund was created from donations received to help support outreach projects, which this year comprised an embroidery exhibition.

17 Transactions with related parties

During the year the PCC received donations totalling £20,505 (2023: £9,580) from related parties (which includes members of the PCC, any other members of key management and anyone closely connected to them).

Reverend Richard Bodle is also responsible for Manormead Chapel and conducts a mid week communion serice at the Chapel. Though the Chapel is an independent unincorporated organisation, in many respects it is seen as part of the church's worshipping community. Its income and expenditure in the 17 month period to 31 December 2024 were £6,251 (year to 31 July 2023: £3,217) and £5,444 (year to 31 July 2023: £3,506) respectively. There were no financial transactions between the Chapel and the PCC during the year (2023: £nil).

Seven members of the PCC (including the incumbent) were reimbursed travel, stationery, postage, repairs, training, Junior Church, outreach, upkeep services, gift bank and social event expenses amounting to £8,940 (2023: three members were reimbursed £5,741).

Except as disclosed in note 9 'Analysis of staff costs', there have been no other transactions with related parties during the year.

Page 17

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HINDHEAD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 DECEMBER 2024

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Other income
Total income and endowments
EXPENDITURE ON:
Charitable activities:
7
Raising funds
8
Total Expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
16
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
16		 General
Designated
2024
2024
£
£
122,919
-
2,551
-
17,551
-
13,899
-
-
-
156,920
-
140,481
348
12,724
-
153,205
348
-
-
3,715
(348)
8,860
-
12,575
(348)
115,291
70,000
127,866
69,652
Unrestricted funds		 Restricted
2024
£
53,448
1,337
-
-
-
54,785
50,876
-
50,876
200,000
203,909
(8,860)
195,049
991,514
1,186,563		 Total
2024
£
176,367
3,888
17,551
13,899
-
211,705
191,705
12,724
204,429
200,000
207,276
-
207,276
1,176,805
1,384,081		 General
Designated
2023
2023
£
£
114,132
-
4,051
-
20,073
-
13,270
-
595
-
152,121
-
128,082
-
13,175
-
141,257
-
-
10,864
-
(163)
-
10,701
-
104,590
70,000
115,291
70,000
Unrestricted funds		 Restricted
2023
£
64,235
1,613
-
-
-
65,848
58,361
-
58,361
7,487
163
7,650
983,864
991,514		 Total
2023
£
178,367
5,664
20,073
13,270
595
217,969
186,443
13,175
199,618
-
18,351
-
18,351
1,158,454
1,176,805

Page 18