St. Mary the Virgin with SLPaul and SL Lawrence. Caterham Statement of Financial Activities Year ended 31 December 2024 Incorporating Income and Expenditure Account Notes Incoming Resources Voluntary Income Activities for generating funds Income from Church Activities Investment income Total Unrestricte Designaled Restrlcled 79.693 5.303 8.095 48,087 2024 2023 106375 8095 7635 48087 34957 3.155 8,458 3155 2890 135.875 144333 151657 Expenditure Church Activities Support costs Totsl 128,333 17,103 145.436 293 5.760 121168 17103 13867 135035 293 5.760 151,489 Not Income -9,561 8,165 -5.760 -7156 16622 Total Funds BIF Total Funds CIF -3105 -12666 104682 112847 25180 19420 126757 119601 110134 126756 The notes in this report forni part of these financial accounts St. Mary the Virgin with St.Paul and St. Lawrence, Caterham BALANCE SHEET Year ended 31 December 2024 Notes 2024 2023 Fixed Asets Tangible Assets Current Assets Debtors and Prepayments Cash at Bank 6,679 113,571 120,250 10920 120689 131609 Creditors: Amounts falling due within one year Net Current Assets 648 119,602 4854 126755 Net Assets 119,602 126755 Parish Funds Unrestricted Funds Designated funds Restricted Funds Totsl Parish Funds 8,9&10 -12665 112847 19,420 119,602 -3107 104682 25,180 126,755 Approved by the Parochial Churc Council and signed on its behalf by.. Date Z7uitZS The notes in this report form part of these financial satements St Mary the Virgin with St Paul and St Lawrence, Caterham INDEPENDENT EXAMINERS, REPORT To the members of The Parochial Church Council of the Ecclesiastical Parish of Caterham I report on the accounts for the year ended 31 December 2024 which are set on pages 5 -13. Retrospective responsibilities of Trustees and Independent Examiner As trustees of the charity, the members of the PCC are responsible for the preparation of the accounts. They consider that an audit is not required for this year under section 144 of the Charities Act 2011 {"the Charities Act") and that an independent examiner is needed. It is my responsibiSity to.. Examine the accounts under section 145 of the Charities Act, To follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5}Ib) of the Charities Act,. and to state whether particular matters have come to my attention. Basis on Independent Examiner's Statement My examination was carried out in accordan￿ with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity anda comparison of the accounts presented with those records It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the members of the PCC concerning any such matters. The prO￿dureS undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. Independent Examinerfs Statement In connection with my examination, no matter has come to my attention 1. Which gives me reasonable cause to believe that, in any material respect, the requirements. To keep accounting records in accordance with section 130 of the Charities Act,. and - To prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act Have not been met. or 2. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. ar ean BSc{Econ) FCA 123 Aveling Close Purley CR8 4DA Date 2110412025 St Mary the Vlrgln with St Paul and St Lawrence, Coterham NOTES TO THE FINANCIAL STATEMENTS Year ended 31 D•c•mb•r 2024 1. Aeeouftting policies B8sis of preparation The PCC is a public benefit enbty within the meaning of FRS 102. The finanual slatements have iEen prepared uThJer the Charitses A¢t 2011 and in aC£Ordan￿ wth the Chuith A￿ountsng Regulab"ons 2CW)6 governing the individual accounts of PCC'S. and in accordan￿ with the regulaiions true and faiff prov¢sions, togèther wth FRS 102 as the applicable accounh.ng standard and the currenl version of the Stalement of Recornrnended Pract￿e, A¢r￿UntIng and RekX)rb"ng by Chaiitie5 ISORP IFRS10211. The finanual ststements have teen prepared uThJer Ihe histori¢al cost convention. The financjal statements include all transactions, assets and liabilths foi whith the PCC is reswM)sible in law. They do not include the accounts of ttte church groups Ihat their main affilia￿ to another Ixxty nor those that are informal gatherings of church members. Incomlng Resources These are Included in the slatement of Financial Ac1¢vil￿ ISOFAI kn the PCC becomes legalty enlilled to the use of the resources. inflow of economi¢ iHEfit is probable and Ihe monetary value can be Measu￿ with suffiaenl ￿lIabIlity. Funds raised frorn events and trading activities are re￿rted gross in the SOFA- i.e. bef(Ke any related costs that may have been deducted from Ihe gross proceeds. Grants and donab'ons are indud&J in the SOFA when any pre-conditions preventing ttTrw'r v5e ty the PCC have been mel. For collecb.ons and ￿nnell giwng Ihis 15 ihe funds are receiv&J. Grft aid and other tax claims are induded in thè SOFA al time as the cash thnations to whiGh they relale. Rental i￿)M￿ from Ihe letDng of the church halls Is recognised when the rental rs due. Investment tncome is induded in Ihe finanoal ststèmenls when receivable. The value of any voluntary help reLeived is not induded in Ihe financial statements but 15 de5Crited in the Trustee5' annual report. Expenditure and Llabllltles Liabilities are recognised as soon as there is a legal or construclive oNigaiiw and seulement whKth is probable ar￿ quantifiable. Support costs include central funrAK￿$ aThJ have been allocated to acbvrty t%)st categorEs on a basis consistent wrth the v5e of resources. Govemance costs indude cDsts of p￿paratIOn examination of statutory accounts. Assets In so far as consecrated and t*nefi(* propety ofany kind Is exduded from statutory deffinrtK￿ of"chari by section 10121 lal and (¢1 ol the Ch8nbes Acl 2017 such assets are not capitalised in Ihe financial slatements. Moveable church furnishings held by the Rector and Church Wardens (M) the speaal trust lor the PCC and %thich require a faculty lor disrK)sal . a￿ Considered inalienable property and as Ihwe is insuffiaent cost inforrnation available such assets are not ¢3tytalised in the finanaal statements. but all the iiems are irKlude(l in the church's inventory in any case. Tangible fixed assets for use by the charrty a￿ l%kMfalised ifthey can be used ts more ihan one sear, and c05t at least £1.000. They are valued at ¢Jxt. Depreciab"on is calujlaled to write off the capitalised cost of fixed a55ets less their current anbupated residual value over their estimated useful lives of 4 years. Short term deposrts indude ￿sh hekl on dep05il either the CBF Church of EThJ¢and Funds or al the bank. Funds Vnreslricted funds ￿present thè ￿mainIng income funds ol the PCC that are available lor spending on Ihe general purposes of the PCC. in¢luding amounts designated by the PCC foT a partiojlar PUryM)Sè OT lor spending on future projects and which a￿ therefore not induded in its 'free ￿ServeS. as disdosed in Ihe Trustee5' report. Restricted funds are income funds whith are to be used in act0rdar￿ with speafic reS￿honS irnposed by donors orwhich have been raised by the church far particukr purKx)ses. The c05t of raising and administrating such funds is Charged against the speafic lund, The aim and use of each restl￿ted fund 15 Sel out in Ihe notes to Ihe finanaal statements. St Mary the Virgin with St Paul & St Lawrence Notes to the Account Year ended 31 December 2024 Note 2 Incoming Resources Unrestricted Designated Restricted 2024 2023 Voluntary Income Gift aid donations and regular planned giving Tax Recoverable Collections Legacies Donations, appeals etc. St Lawrence Community Fund 59,727 12.310 4,493 5,303 65,030 12,310 4,493 71418 16610 12650 3,163 3,163 883 79,693 5,303 84,996 101561 Activities for generating funds Afternoon Teas Autumnlmay Fair Other Fundraising Social Events Coffee Other Activities 4,513 2,460 4.513 2.460 3971 2653 33 650 440 8,096 33 650 440 8,096 180 466 365 7635 Income from Church Activities Fees for Weddings and Funera Church Hall Lettings Phone Mast Parish Magazine Sales l Advertising in Parish Magazine Retreat 2024 Other Activities 19,913 15,251 6,700 367 140 5,379 338 48,087 19913 15251 6700 367 140 5,379 338 48,087 14398 12992 6500 442 628 34,960 Income from Investments 3,155 3,155 2,690 TOTAL INCOME 135,876 8,458 0 144,333 146,846 St Mary th• Virgin wlth St Paul & St Lawrence Notes to thè Account Year ended 31 Dècember 2024 Resour¢es Exponded Church A¢tivitiè$ Unrnstrlct8d Designated RestrKted 2024 2023 Missionary & tharitable giviTrJ St. Lawrence Cornmunity Fund Ministry.. 010￿San parish share Other Minstry costs Church repairs and maintenance Heat. INJhl & water Insurance Organ fees & rnaintenan Fees for weddings & funerals Rel￿1 So¢ial events 3,679 69.000 4.469 16.628 7.833 10.113 3.8CK) 7.455 5.805 563 128.332 69.000 4.469 1.260 18.181 7.833 10.113 8.300 7.455 5.805 563 5,760 134,385 67.000 4.148 9.993 16.002 9.736 4.168 6.315 293 4.500 126 121.167 293 Support cost Salaries Postage. printing & siationary Cleaning & maintenance Advertising & marketing Bank charges Tèlephone & intemet Accountance fees Other exFw5es 8.832 2.440 2.139 1.989 8832 2.440 2.139 1.989 7796 1.938 551 1.258 300 145 17.103 1.258 300 145 17.103 463 300 476 13.868 Total resources Expended 145.435 293 5.760 151.488 135.035 Stsff cost 2024 2023 Wages & salaries 8.832 7,796 During the year the PCC empk)yed a Adfthntstr8￿. tMJl Th)pwIEnts we Large er￿￿h to attrad se¢uiity ¢OSt8. No paymems of expense$vHe pad lo PCC member Bl IheKcap•as a PCC ment*. cthineued lo them ￿reL4ted parlies. St Mary the Virgin with St Paul & St Lawrence Notes to the Account Year ended 31 December 2024 SUMMARY OF FUND MOVEMENTS Unrestricted Designated Restricted Total Balance at 1 January 2024 Incoming reSoUr￿S Resources Expended -3,105 135,875 145,436 104,682 8,458 293 25,180 126,757 144,333 151,489 5,760 Balance at 31 December 2024 -12.666 112,847 19,420 119,601 io SUMMARY OF ASSETS BY FUND Unrestricted Designated Restricted Total Tangible Fixed Assets Debtors and Prepayments Cash at Bank and in Hand Creditors.. Amounts falling due within one year 6,679 -18,697 -647 6,679 113.570 -647 112,847 19,420 -12,666 112.847 19,420 119,602