## **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 FORWARD**2,564,156
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| ||======|====|=====|====|======|