THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF TEAM PARISH MORDEN SURREY (“MORDEN PARISH”)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
DHL Accountancy Service Ltd Chartered Accountants 30 Willowbank Gardens Tadworth Surrey KT20 5DS
Page 1
MORDEN PARISH
ANNUAL REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024
The trustees present their report and the financial statements for the year ended 31[st] December 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity.
REFERENCE AND ADMINISTRATIVE DETAILS
REGISTERED CHARITY NO. 1135317
The Parish of Morden comprises four separate Churches - Emmanuel, St. George, St. Lawrence and St. Martin. The Parish is managed by a Parochial Church Council (PCC). Each individual Church is looked after by a District Church Council (DCC). The Parish falls within the Deanery of Merton, the Archdeaconry of Lambeth and Diocese of Southwark.
The registered office address for the charity is 27 Selwood Road, Sutton, SM3 9JU.
Clergy
Emmanuel Rev. David Ruddick (Team Vicar) St George Rev. Alan Wenham (Team Vicar) St. Lawrence Rev. David Heath-Whyte (Team Rector) St. Lawrence Rev. Jack O'Grady (Curate) – departed June 2024 St. Martin Rev. Mark Davey (Team Vicar)
Parish Wardens Elected Members (Trustees of the charity) Charles Jeffery (resigned 12.05.2024) Adeoye Adebayo Tony van der Meer(appointed 12.05.2024) Jason Armstrong Simon Wakely Graham Belcher Kenneth Brown Elected to Deanery Synod Jean Dowdeswell Jean Dowdeswell Catherine Edwards Clare Heath-Whyte Maurice Gilley Charles Jeffery Peter Gould (appointed 12.05.2024) Sharon Jeffery Clare Heath-Whyte Derek Jordan Charles Jeffery Christopher Scoffield Sharon Jeffery Elizabeth Scoffield Derek Jordan Margaret Taylor John Mosely Trevor Taylor Jane Pearson Christopher Scoffield PCC Secretary Elizabeth Scoffield Jean Dowdeswell Margaret Taylor Trevor Taylor Honorary Curates Michael Towse (appointed 12.05.2024) Precious Omuku Tony van der Meer(appointed 12.05.2024) Simon Wakely Susan White Alunda Young
Page 2
MORDEN PARISH
ANNUAL REPORT
FOR THE YEAR ENDED 31ST DECEMBER 2024
(continued)
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Parish derives its governance from the Diocese of Southwark and is part of the Church of England. As with all other parishes in England, the Parish is now required to obtain independent registration with the Charity Commission. The Parish was formally registered on 30th March 2010.
Members of the PCC are either ex officio or elected by the Annual Parochial Church Council Meeting in accordance with the Church Representation Rules and the formal Diocesan arrangement for the governance of the Parish.
There is no formal induction process for new members of the PCC. They are provided support and assistance by their Team Vicar and other Church PCC members.
OBJECTS AND ACTIVITIES
The Parish has the following objectives:
-
to provide regular public worship which is open to all;
-
to provide Pastoral visiting and counselling;
-
to provide teaching of Christianity by means of sermons, courses and groups;
-
to provide Christian youth work and school assemblies;
-
to promote Christianity through events, meetings and literature distribution;
-
to promote Church mission work, e.g. senior citizens, carers and toddler groups; and
-
to supporting charities in the United Kingdom and overseas
ACHIEVEMENTS AND PERFORMANCE
Sunday morning services were held weekly by all four team churches throughout 2024. Other services took place on an occasional basis.
Revd Jack O'Grady completed his curacy at St Lawrence in June and moved on to be Assistant Minister at Euston Church in central London. Shirley Anna Whyte completed her second year with the parish and moved on in the summer of 2024. Manuel Toloza joined the team in September. He attends Cornhill for ministry training and is based at St Lawrence.
In October 2024 the parish hosted the Life 24 mission.
Page 3
MORDEN PARISH
ANNUAL REPORT
FOR THE YEAR ENDED 31ST DECEMBER 2024 (continued)
FINANCIAL REVIEW
Regular donated income in 2024 increased by a little over 6% compared with 2023. Emmanuel, St Lawrence, and St Martin’s all received income from legacies during the year.
Total parish expenditure in 2024 was a little over 7% more than in 2023. The main exceptional costs included work on the St Lawrence church building, repairs to Emmanuel Church Hall, the refurbishment of 192 Central Road, and tree works and the replacement of fencing at St Lawrence.
The total value of the endowment funds increased by £7,188.
Overall fund balances, excluding properties (which are treated as fixed assets) and endowments, decreased by 18%.
The parish has total reserves of £2,814,794 (2023 - £2,894,418) of which £38,481 (2023 - £104,333) are restricted and £212,157 (2023 - £204,969) are in endowment funds.
SAFEGUARDING
The Parish of Morden appoints a Parish Safeguarding Officer. Each of the individual churches appoint their own Safeguarding Officers who ensure that Disclosure and Barring checks are updated and that regular training is undertaken by those in their congregations. The Parish complies with the requirements of the Diocese and Charity Commission, including the recent requirements relating to the reporting of serious incidents. The members of the PCC pay due regard to the House of Bishops' advice and guidance on safeguarding.
PUBLIC BENEFIT REQUIREMENT
The Parochial Church Council have complied with the duty in the Charities Act 2011 to have regard to guidance published by the Charity Commission concerning the public benefit requirement
APPROVAL
The Annual Report was approved by the Trustees on 20[th] March 2025 signed on its behalf by:-
T. van der Meer
S. Wakely
Page 4
INDEPENDENT EXAMINER'S REPORT
TO TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF
MORDEN PARISH
I report to the Trustees on my examination of the accounts of The Parochial Church Council of Morden Parish ('the Charity') for the year ended 31st December 2024, which are set out on pages 5 to 17.
Responsibilities and basis of report
As the Trustees of the Charity 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
The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that, in any material respect:
(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.
D.H. Lane FCA DHL Accountancy Services Limited Chartered Accountants 30 Willowbank Gardens Tadworth Surrey KT20 5DS
21[st] March 2025
Page 5
MORDEN PARISH
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST DECEMBER 2024
| General Restricted Endowment TOTAL Notes Funds Funds Funds 2024 £ £ £ £ INCOME AND ENDOWMENTS Donations and legacies Incoming resources from donors 2 277,075 18,400 - 295,475 Other voluntary incoming resources 2 50,425 36,981 - 87,406 327,500 55,381 - 382,881 Charitable Activities Activities in furtherance of the councils objects 2 61,793 - - 61,793 Investments Income from investments 2 52,320 - 5,717 58,037 Other Activities Activities for generating funds 2 3,378 21,145 - 24,523 Other receipts 2 - - - - 3,378 21,145 - 24,523 TOTAL INCOME 444,991 76,526 5,717 527,234 EXPENDITURE Raising Funds Costs of generating funds 3 67 - - 67 Charitable Activities Grants 3 632 37,158 - 37,790 Activities relating to the work of the Church 3 422,446 123,362 - 545,808 Support costs 3 24,269 - - 24,269 Governance costs 3 3,600 - - 3,600 450,947 160,520 - 611,467 TOTAL EXPENDITURE 451,014 160,520 - 611,534 NET INCOME (EXPENDITURE) FOR THE YEAR ( 6,023) ( 83,994) 5,717 ( 84,300) Gains (Losses) on Investment Assets - - 4,676 4,676 Transfers between Funds (14,937) 18,142 (3,205) - NET MOVEMENT IN FUNDS ( 20,960) ( 65,852) 7,188 ( 79,624) Fund balances brought forward 2,585,116 104,333 204,969 2,894,418 FUND BALANCES CARRIED FORWARD2,564,156 38,481 212,157 2,814,794 ======= ====== ====== ======= |
TOTAL 2023 £ 278,060 305,134 583,194 54,843 49,475 4,819 250 5,069 692,581 548 44,587 494,511 27,482 3,500 570,080 570,628 121,953 17,487 - 139,440 2,754,978 |
|---|---|
2,894,418 ======= |
The notes on pages 7 to 17 form part of these financial statements.
Page 6
MORDEN PARISH
STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2024
| Notes FIXED ASSETS Tangible fixed assets 4 CURRENT ASSETS Current asset investments 5 Debtors 6 Cash at bank and in hand CREDITORS:Amounts falling due within one year 7 ( NET CURRENT ASSETS NET ASSETS ACCUMULATED FUNDS |
General Funds (see note 8) £ 2,206,580 - 38,719 348,244 386,963 29,387) 357,576 2,564,156 ======= 2,564,156 ======= |
Restricted Funds (see note 9) ( £ - - - 40,977 40,977 (2,496) 38,481 38,481 ====== 38,481 ====== |
Endowment Funds see note 10) £ - 212,157 - - 212,157 - 212,157 212,157 ====== 212,157 ====== |
TOTAL 2024 £ 2,206,580 212,157 38,719 389,221 640,097 (31,883) 608,214 2,814,794 ======= 2,814,794 ======= |
TOTAL 2023 £ 2,206,580 204,969 37,775 452,299 695,043 (7,205) 687,838 2,894,418 ======= 2,894,418 ======= |
|---|---|---|---|---|---|
The financial statements were approved by the Trustees on 20[th] March 2025 and signed on its behalf by:-
T. van der Meer S. Wakely
The notes on pages 7 to 17 form part of these financial statements.
Page 7
MORDEN PARISH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
1. ACCOUNTING POLICIES
Accounting basis
The Parochial Church Council of the Ecclesiastical Parish of Team Parish Morden Surrey is a charity in England / Wales. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operations and principal activities are promoting in the ecclesiastical parish the whole mission of the Church.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the 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 issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires the members of the PCC to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Funds
Unrestricted funds represent the funds of the PCC that are not subject to any restrictions regarding their use.
Designated funds represent funds designated by the PCC for a specific purpose. Such funds are still unrestricted and may be re-designated by the PCC.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor.
Endowment funds have similar restrictions with the additional proviso that only the income can be spent without permission from the original donor or the Charity Commission.
Page 8
MORDEN PARISH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
(continued)
Income recognition
Collections and stewardship giving are recognised when received by or on behalf of the PCC.
Legacies are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain.
Income tax recoverable on covenants or gift aid donations is recognised when the related income is recognised
Rental income from the letting of Church premises is recognised when the rental is due.
The Churches are greatly assisted by voluntary help and donations in kind. These are not reflected in the financial statements as they are not capable of accurate financial measurement.
Expenditure recognition
Resources expended are recognised in the period in which they are incurred. Resources expended include VAT which cannot be recovered.
Grants are made by individual DCCs and are recognised when the grant is approved.
Fixed Assets
Consecrated and benefice property is excluded from the financial statements by section 10 of the Charities Act 2011.
Movable Church furniture held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are accounted as inalienable property and are listed in the inventories of the Churches.
All expenditure incurred during the year on consecrated or benefice buildings and movable Church furnishings, whether maintenance or improvement, is written off as expenditure in the Statement of Financial Activities.
Freehold Land and Buildings have been included at market value upon incorporation of FRS102. It has not been possible to obtain historic costs for certain properties due to the historic nature of their acquisition.
The members of the PCC are currently considering a suitable method of depreciation of these assets.
Page 9
MORDEN PARISH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 (continued)
2. INCOME
| Unrestricted Restricted Endowment Funds Funds Funds £ £ £ Income from donors Gift Aid - Bank 186,234 17,850 - Gift Aid – Envelopes 3,330 - - Tax recoverable on Gift Aid 54,062 - - Other planned giving 16,493 550 - Loose plate collections 15,811 - - Regular gift days 1,145 - - 277,075 18,400 - Other voluntary income Legacies 11,936 13,853 - Donations, appeals, etc. 11,928 12,188 - One-off gifts 14,613 10,940 - Recurring grants 3,533 - - One off grants 8,415 - - 50,425 36,981 - Activities in furtherance of the councils objects Fees to PCC 1,716 - - Income from church hall 44,433 - - Bookstall sales 394 - - Rent: Church/LDF building use15,250 - - 61,793 - - Income from investments Dividends - - 5,717 Rent: PCC land/buildings 45,799 - - CCLA Interest 6,521 - - 52,320 - 5,717 Fundraising activities Rummage sales - - - Other funds generated 3,378 21,145 - 3,378 21,145 - Other Receipts Insurance claims - - - |
Total Funds 2024 2023 £ £ 204,084 180,606 3,330 4,365 54,062 51,890 17,043 24,622 15,811 15,229 1,145 1,348 295,475 278,060 25,789 266,126 24,116 18,010 25,553 17,200 3,533 3,448 8,415 350 87,406 305,134 1,716 2,367 44,433 35,853 394 471 15,250 16,152 61,793 54,843 5,717 5,545 45,799 37,544 6,521 6,385 58,037 49,475 - 36 24,523 4,783 24,523 4,819 - 250 |
Total Funds 2024 2023 £ £ 204,084 180,606 3,330 4,365 54,062 51,890 17,043 24,622 15,811 15,229 1,145 1,348 295,475 278,060 25,789 266,126 24,116 18,010 25,553 17,200 3,533 3,448 8,415 350 87,406 305,134 1,716 2,367 44,433 35,853 394 471 15,250 16,152 61,793 54,843 5,717 5,545 45,799 37,544 6,521 6,385 58,037 49,475 - 36 24,523 4,783 24,523 4,819 - 250 |
Total Funds 2024 2023 £ £ 204,084 180,606 3,330 4,365 54,062 51,890 17,043 24,622 15,811 15,229 1,145 1,348 295,475 278,060 25,789 266,126 24,116 18,010 25,553 17,200 3,533 3,448 8,415 350 87,406 305,134 1,716 2,367 44,433 35,853 394 471 15,250 16,152 61,793 54,843 5,717 5,545 45,799 37,544 6,521 6,385 58,037 49,475 - 36 24,523 4,783 24,523 4,819 - 250 |
Total Funds 2024 2023 £ £ 204,084 180,606 3,330 4,365 54,062 51,890 17,043 24,622 15,811 15,229 1,145 1,348 295,475 278,060 25,789 266,126 24,116 18,010 25,553 17,200 3,533 3,448 8,415 350 87,406 305,134 1,716 2,367 44,433 35,853 394 471 15,250 16,152 61,793 54,843 5,717 5,545 45,799 37,544 6,521 6,385 58,037 49,475 - 36 24,523 4,783 24,523 4,819 - 250 |
Total Funds 2024 2023 £ £ 204,084 180,606 3,330 4,365 54,062 51,890 17,043 24,622 15,811 15,229 1,145 1,348 295,475 278,060 25,789 266,126 24,116 18,010 25,553 17,200 3,533 3,448 8,415 350 87,406 305,134 1,716 2,367 44,433 35,853 394 471 15,250 16,152 61,793 54,843 5,717 5,545 45,799 37,544 6,521 6,385 58,037 49,475 - 36 24,523 4,783 24,523 4,819 - 250 |
|---|---|---|---|---|---|
278,060 |
|||||
266,126 18,010 17,200 3,448 350 |
|||||
| 305,134 | |||||
2,367 35,853 471 16,152 |
|||||
54,843 |
|||||
5,545 37,544 6,385 |
|||||
49,475 |
|||||
36 4,783 |
|||||
4,819 |
|||||
250 |
Page 10
MORDEN PARISH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 (continued)
3. RESOURCES EXPENDED (continued)
| Unrestricted Restricted Funds Funds £ £ Costs of generating funds Cost of fetes & other events 67 - Grants to Institutions CMS (including SAMS) - 8,510 TEAR fund - 900 Overseas mission societies - 6,182 Release International - 900 Crosslinks - 4,320 AIM - 5,785 Christian Agencies - 4,800 Home mission 632 431 LCM (Merton Schools) - 3,370 SSCWT - 1,400 Sundry grants under £1,000 - 560 632 37,158 Activities relating to the work of the Church Off Common Fund clergy posts 20,403 - Ministry Parish share etc. 168,130 - Working expenses of incumbents 2,746 - Visiting Speakers 66 - Church running costs – utilities 20,075 - Church running costs – cleaning 3,790 - Church maintenance 37,786 1,800 Church insurance 9,077 - Upkeep of services 8,199 - Upkeep of churchyard 712 13,791 Magazine and bookstall expense 652 29 Parish training and mission 12,837 - Education 772 293 Parsonage house expenses 3,517 - Assistant staff costs 11,788 - Miscellaneous expenses 2,762 - Common Fund - - Other PCC property upkeep 43,358 - Hall running costs - utilities 9,146 - Hall running costs - cleaning 5,790 - Hall running costs - repairs 5,323 - Salaries (except administrator) 12,489 - Major repairs/installations - church hall 32,742 3,656 Major repairs/installations – PCC property 8,355 - Major repairs/installations - church 1,931 103,793 422,446 123,362 |
Total Funds 2024 2023 £ £ 67 548 8,510 7,195 900 2,138 6,182 5,795 900 1,172 4,320 4,592 5,785 7,324 4,800 4,800 1,063 5,039 3,370 4,680 1,400 1,000 560 852 37,790 44,587 20,403 19,713 168,130 168,130 2,746 2,703 66 45 20,075 16,120 3,790 3,246 39,586 23,449 9,077 9,126 8,199 7,785 14,503 2,963 681 476 12,837 11,933 1,065 1,997 3,517 4,170 11,788 7,980 2,762 102 - 729 43,358 40,467 9,146 8,303 5,790 4,875 5,323 5,433 12,489 12,139 36,398 19,777 8,355 - 105,724 122,850 545,808 494,511 |
Total Funds 2024 2023 £ £ 67 548 8,510 7,195 900 2,138 6,182 5,795 900 1,172 4,320 4,592 5,785 7,324 4,800 4,800 1,063 5,039 3,370 4,680 1,400 1,000 560 852 37,790 44,587 20,403 19,713 168,130 168,130 2,746 2,703 66 45 20,075 16,120 3,790 3,246 39,586 23,449 9,077 9,126 8,199 7,785 14,503 2,963 681 476 12,837 11,933 1,065 1,997 3,517 4,170 11,788 7,980 2,762 102 - 729 43,358 40,467 9,146 8,303 5,790 4,875 5,323 5,433 12,489 12,139 36,398 19,777 8,355 - 105,724 122,850 545,808 494,511 |
|---|---|---|
494,511 |
Page 11
MORDEN PARISH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 (continued)
3. RESOURCES EXPENDED (continued)
| Unrestricted | Restricted | Total |
Funds | ||
|---|---|---|---|---|---|
| Funds | Funds | 2024 | 2023 | ||
| £ | £ | £ | £ | ||
| Support costs | |||||
| Administration | 5,236 | - | 5,236 | 8,152 | |
| Administrators' salaries | 19,033 | - | 19,033 | 19,330 | |
| 24,269 | - | 24,269 | 27,482 | ||
| Governance costs | |||||
| Accountancy fees | 3,600 | - | 3,600 | 3,500 | |
| 4. | FIXED ASSETS | ||||
| Freehold Land and Buildings | |||||
| £ | |||||
| Valuation | |||||
| As at 1.1.2024 and 31.12.2024 | 2,206,580 | ||||
| ======= | |||||
| Net Book Value | |||||
| As at 1.1.2024 and 31.12.2024 | 2,206,580 | ||||
| ======= | |||||
| The Freehold Land and Buildings comprise | |||||
| Original | Revalued | ||||
| Cost | Cost | ||||
| £ | £ | ||||
| Emmanuel Church Hall & Annex | 15,709 | 115,000 | |||
| 140 Stonecot Hill (being 69.56% of the property) | 32,000 | 313,020 | |||
| 49 Camborne Road (being 62.26% of the property) | 94,950 | 373,560 | |||
| 23 Cedars Road | 42,877 | 450,000 | |||
| Parish Hall Complex (now split into 4 | distinct properties) | 41,010 | - | ||
| Parish Hall | - | 105,000 | |||
| Parish Hall Bungalow | - | 300,000 | |||
| Hall Cottage | - | 200,000 | |||
| Old School House | - | 350,000 | |||
| 226,546 | 2,206,580 | ||||
| ====== | ======= |
The original historic costs have been obtained from Parish records of which some date back over 70 years. The properties at 140 Stonecot Hill and 49 Camborne Road were purchased with the assistance of the Diocese who own the balance of the share in the property, ownership percentage being based on contribution towards cost by each party.
Page 12
MORDEN PARISH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024 (continued)
| 5. | CURRENT ASSET INVESTMENTS | ||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Held with CCLA Investment Management Limited | 212,157 | 204,969 | |
| ====== | ====== | ||
| Funds are invested through the Church of England Central Board of Finance. Units held are shown at | |||
| closing value at the year end. | |||
| 6. | DEBTORS | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Sundry debtors and prepayments | 38,719 | 37,775 | |
| ===== | ===== | ||
| 7. | CREDITORS: amounts falling due within one year | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Sundry creditors and accruals | 31,883 | 7,205 | |
| ===== | ===== |
Page 13
MORDEN PARISH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
(continued)
8. GENERAL (UNRESTRICTED) FUNDS
| Balance | Balance | Incoming | Resources | Balance | ||
|---|---|---|---|---|---|---|
| 1.1.2024 | Resources | Expended | Transfers | 31.12.2024 | ||
| £ | £ | £ | £ | £ | ||
| The Designated Funds for the | current year | comprise:- | ||||
| Fixed Asset Fund | 2,206,580 | - | - | - | 2,206,580 | |
| Emmanuel | ||||||
| - General Fund | 110,920 | 103,202 | ( 23,427) | (103,376) | 87,319 | |
| - Discretionary Fund | 200 | - | ( 15) | - | 185 | |
| - Church Hall Fund | 6,583 | 13,705 | ( 36,520) | 25,826 | 9,594 | |
| - Mums and Toddlers Fund | 532 | ( 469) | - | 63 | ||
| St. George | ||||||
| - General Fund | 50,469 | 67,189 | ( 23,485) | ( 18,942) | 75,231 | |
| St. Lawrence | ||||||
| - General Fund | 15,994 | 95,588 | ( 13,148) | ( 82,333) | 16,101 | |
| - 25K Donation | 34,654 | - | ( 5,982) | ( 200) | 28,472 | |
| - Ferguson Fund | 117,900 | 1,000 | ( 6,783) | ( 4,443) | 107,674 | |
| St. Martin | ||||||
| - General Fund | 734 | 100,507 | ( 29,885) | ( 64,558) | 6,798 | |
| - Youth Work | 1,721 | 17 | ( 281) | - | 1,457 | |
| - Bernard Towse Memorial | Fund | 978 |
- | - | - | 978 |
| - Sick & Needy Fund | 308 | - | - | - | 308 | |
| - Flats Fund | 8,858 | 9,200 | ( 10,203) | ( 4,306) | 3,549 | |
| - Maintenance Fund | 8,500 | - | - | 4,220 | 12,720 | |
| - Buildings Projects Fund | ( | 3,125) | 3,125 |
4,220 | ( 4,220) | - |
| Parish Fund | ||||||
| - General Fund | - | 7,485 | (239,836) | 232,351 | - | |
| - Emmanuel cleaner | - | - | ( 2,246) | 2,246 | - | |
| - St Lawrence cleaner | - | - | ( 3,128) | 3,128 | - | |
| - St Lawrence trainee | - | - | ( 5,142) | 5,142 | - | |
| - St Martin’s cleaner | - | - | ( 235) | 235 | - | |
| - Church Hall Fund | - | 7,384 | ( 10,491) | 3,107 | - | |
| - St. George’s worker | - | - | ( 11,589) | 11,589 | - | |
| - Property Fund | 23,310 | 36,589 | (32,369) | (20,403) | 7,127 | |
| 2,585,116 | 444,991 | (451,014) | ( 14,937) | 2,564,156 | ||
| ======= | ====== | ====== | ====== | ======= |
Page 14
MORDEN PARISH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
(continued)
8. GENERAL (UNRESTRICTED) FUNDS (continued)
| Balance Incoming Resources 1.1.2023 Resources Expended Transfers £ £ £ £ The Designated Funds for the previous year comprise:- Fixed Asset Fund 2,206,580 - - - Emmanuel - General Fund 146,101 92,265 ( 30,812) ( 96,634) - Discretionary Fund 200 - - - - Church Hall Fund 1,156 10,509 ( 21,749) 16,667 - Mums and Toddlers Fund 345 200 ( 13) - St. George - General Fund 43,684 65,881 ( 27,798) ( 31,298) St. Lawrence - General Fund 16,032 202,784 ( 11,646) (191,176) - 25K Donation 51,155 - - ( 16,501) - Ferguson Fund - - ( 2,100) 120,000 St. Martin - General Fund 619 83,126 ( 8,434) ( 74,577) - Youth Work 2,105 40 ( 424) - - Bernard Towse Memorial Fund 978 - - - - Sick & Needy Fund 308 - - - - Flats Fund 5,465 7,800 ( 4,407) - - Maintenance Fund - 8,500 - - - Buildings Projects Fund 23,820 26,510 (54,157) 702 Parish Fund - General Fund - 4,092 (245,789) 241,697 - Emmanuel cleaner - - ( 2,007) 2,007 - St Lawrence cleaner - - ( 2,842) 2,842 - St Martin’s cleaner - - ( 220) 220 - Church Hall Fund - 8,588 ( 9,654) 1,066 - St. George’s worker - - ( 11,199) 11,199 - Property Fund 40,099 29,734 (34,189) (12,334) 2,538,647 540,029 (467,440) ( 26,120) ======= ====== ====== ====== |
Balance 31.12.2023 £ 2,206,580 110,920 200 6,583 532 50,469 15,994 34,654 117,900 734 1,721 978 308 8,858 8,500 ( 3,125) - - - - - - 23,310 2,585,116 ======= |
|---|---|
Page 15
MORDEN PARISH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 (continued)
9. RESTRICTED FUNDS
| Balance | Incoming | Resources | Balance | ||
|---|---|---|---|---|---|
| 1.1.2024 | Resources |
Expended | Transfers | 31.12.2024 | |
| £ | £ | £ | £ | £ | |
| The Restricted Funds for the current year | comprise:- | ||||
| Emmanuel | |||||
| - Missionary Fund | 8,654 | 45 |
( 11,710) | 8,891 | 5,880 |
| - Bible Notes Fund | 267 | ( 29) | 238 | ||
| - Junior Church Fund | - | ( 293) | 500 | 207 | |
| St. George | |||||
| - Missionary Fund | - | 250 |
( 1,500) | 1,250 | - |
| - Church Hall Fund | 4,000 | - |
( 3,216) | - | 784 |
| - Outreach Worker Fund | - | 25,480 |
(10,189) | 15,291 | |
| St. Lawrence | |||||
| - Upkeep of Buildings Fund | 90,712 | 44,998 |
(119,824) | - | 15,886 |
| - Missionary Fund | - | - |
( 11,980) | 11,980 | - |
| St. Martin | |||||
| - Missionary Fund | 700 | 5,753 |
( 9,968) | 3,710 | 195 |
| Parish Fund | |||||
| - Missionary Fund | - | - | (2,000) | 2,000 | - |
| 104,333 | 76,526 |
(160,520) | 18,142 | 38,481 | |
| ====== | ====== |
====== | ===== | ====== |
Page 16
MORDEN PARISH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 (continued)
9. RESTRICTED FUNDS (continued)
| Balance | Incoming | Resources | Balance | ||
|---|---|---|---|---|---|
| 1.1.2023 | Resources | Expended | Transfers | 31.12.2023 | |
| £ | £ | £ | £ | £ | |
| The Restricted Funds for the previous year | comprise:- | ||||
| Emmanuel | |||||
| - Missionary Fund | 11,174 | - | (12,024) | 9,504 | 8,654 |
| - Bible Notes Fund | 323 | - | ( 56) | - | 267 |
| - Junior Church Fund | 110 | - | ( 855) | 745 | - |
| St. George | |||||
| - Missionary Fund | - | 550 | ( 4,245) | 3,695 | - |
| - Church Hall Fund | 4,000 | - | - | - | 4,000 |
| - Outreach Worker Fund | 2,514 | 1,945 | - | ( 4,459) | - |
| St. Lawrence | |||||
| - Upkeep of Buildings Fund | - | 131,714 | (41,002) | - | 90,712 |
| - Missionary Fund | - | 1,031 | (12,236) | 11,205 | - |
| - Weekend away | 62 | 6,328 | ( 8,039) | 1,649 | - |
| - Ivy Morris Fund | 12,790 | - | (12,790) | - | - |
| St. Martin | |||||
| - Missionary Fund | 260 | 5,438 | ( 9,941) | 4,943 | 700 |
| Parish Fund | |||||
| - Missionary Fund | 3 | - | (2,000) | 1,997 | - |
| 31,236 | 147,006 | (103,188) | 29,279 | 104,333 | |
| ===== | ====== | ====== | ===== | ====== |
Page 17
MORDEN PARISH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 (continued)
10. ENDOWMENT FUNDS
| Balance | Incoming | Investment | Balance | ||
|---|---|---|---|---|---|
| 1.1.2024 | Resources | Gains | Transfers | 31.12.2024 | |
| £ | £ | £ | £ | £ | |
| The Endowment Funds for | the current year comprise:- | ||||
| St. Lawrence | |||||
| - Pylbrook Charity | 182,504 | 5,092 | 4,169 | (2,580) | 189,185 |
| - Urquhart Bequest | 4,723 | 131 | 107 | ( 131) | 4,830 |
| - Peers Bequest | 16,749 | 466 | 378 | ( 466) | 17,127 |
| St. Martin | |||||
| - Froude Bequest | 993 | 28 | 22 | (28) | 1,015 |
| 204,969 | 5,717 | 4,676 | (3,205) | 212,157 | |
| ====== | ==== | ===== | ==== | ====== | |
| Balance | Incoming | Investment | Balance | ||
| 1.1.2023 | Resources | Gains | Transfers | 31.12.2023 | |
| £ | £ | £ | £ | £ | |
| The Endowment Funds for | the previous year comprise:- | ||||
| St. Lawrence | |||||
| - Pylbrook Charity | 164,519 | 4,929 | 15,598 | (2,542) | 182,504 |
| - Urquhart Bequest | 4,326 | 130 | 397 | ( 130) | 4,723 |
| - Peers Bequest | 15,341 | 460 | 1,408 | ( 460) | 16,749 |
| St. Martin | |||||
| - Froude Bequest | 909 | 27 | 84 | (27) | 993 |
| 185,095 | 5,546 | 17,487 | (3,159) | 204,969 | |
| ====== | ==== | ===== | ==== | ====== |