**Charity registration number 1135368 (England and Wales)** **THE PCC OF ST JOHN THE EVANGELIST, REDHILL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**PCC**|Christine Elliott (Deanery Synod Representative)|| |---|---|---| ||Christopher Elliott (Deanery Synod Representative)|| ||Mike Genge|| ||Joanna Hales (Deanery Synod Representative)|| ||John Kronenberg (Vicar)|| ||Andrew Moffat (Warden)|| ||Patrick Moyle (Deputy Warden)|| ||Katherine Murray (Vice Chair)|| ||Anne Rueff|| ||Allison Kandiah (Warden)|| ||Alistair Smith|| ||Andrew Wilson (PCC Secretary)|(Appointed 24 April 2024)| |**Charity number**|1135368|| |**Principal address**|Church Road|| ||Redhill|| ||RH1 6QA|| |**Independent examiner**|Frances Wilde FCCA DChA|| ||Warner Wilde|| ||Chartered Certified Accountants|| ||4 Marigold Drive|| ||Bisley|| ||Surrey|| ||GU24 9SF|| |**Bankers**|CAF Bank Limited|| ||25 Kings Hill Avenue|| ||Kings Hill|| ||West Malling|| ||Kent|| ||ME19 4TA|| ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **CONTENTS** ||**Page**| |---|---| |PCC's report|1 - 6| |Independent examiner's report|7| |Statement of financial activities|8 - 9| |Balance sheet|10| |Notes to the financial statements|11 - 25| ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **PCC'S REPORT** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ The PCC presents it’s report and accounts for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the PCC's governing document, the Charities Act 2011 and "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** The PCC's objects are to cooperate with the vicar, in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, ecumenical and social. ## _Public benefit_ The PCC has paid due regard to guidance issued by the Charity Commission in deciding what activities the PCC should undertake. ## **Achievements and performance** ## _**Review of the Year**_ ## _Introduction_ PCC met 4 times during the year and received written reports from committees. Standing Committee met 3 times during the year. The APCM took place on Sunday 21[st] April 2024. At the Meeting of Parishioners prior to the APCM Andrew Moffat and Allison Kandiah were re-elected as Church Wardens. I am most grateful to Allison Kandiah and Andrew Moffat, our Churchwardens and to Patrick Moyle and Alastair MacLachlan our deputy wardens, PCC secretary Andrew Wilson and Electoral Roll Officer Patricia Barrett, PCC, Standing Committee and the Finance Team, for their hard work over another financially challenging year. ## _Safeguarding_ Safeguarding is a vital aspect of parish life particular thanks are due to Ruth Foss-Smith who has led the team with help from Sophie Lapham, and Sarah Ashworth who provides admin support. Due to Ruth’s hard work, Safeguarding is now very well organised in the parish and we should all be very grateful to Ruth for the very considerable amount of time she has spent on it since taking up the role. Ruth indicated her wish to step back from the role in December 2024, but kindly offered to remain in place while a new team member is found. To date we have not managed to fill the vacancy. No serious safeguarding incidents were reported during the year. See Safeguarding report. ## _Worship_ During 2024 we saw good growth in the number of families with young children attending the 10.30am services, such that we had to introduce a second ciborium at the distribution of communion. Visiting preachers were invited for a number of services. Attendance at 8.30am BCP service continued to grow and often attracts a dozen or so people. 5.00pm BCP Evening Prayer continued to decline and now exists as an “office”. Once a month it is led by Chris Elliott on an “anti modern slavery” theme. The future form of the regular 5.00pm evening service will have to be decided in 2025. Thanks are due to Francesca Lamont (who left to go to university in the summer) Hugh and Oscar Hogan-Fleming and the small streaming team who ran the live stream for 10.30am Sunday and also occasional services. A new Refreshments Team was recruited after the retirement of the team run so effectively and for so many years by Mandy Mandair. We are grateful to them all and especially to Bethan Cannon for leading the new team. Sunday attendance numbers continued to grow with many new faces in the congregation. We continued to offer a choice of how to receive communion including priestly intinction which remains very popular. - 1 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **PCC'S REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ The Choir continued to sing at an excellent musical standard under the leadership of Director of Music Clement Hetherington and Organist Robert Cooper. Junior Choir has continued to grow. The Band continued to provide lively music for second Sunday Family Communion services under the leadership of David Wilde. The Family Service Team (John Kronenberg, David Wilde, and Jo Hales) met regularly to plan every family service. It was sometimes challenging to recruit Sidespeople for the fourth Sunday All Age & Family Communion. Families continued to do the reading and intercessions at every second Sunday All Age & Family Communion. The bell ringers under Anne Rueff’s leadership continued to ring almost every Sunday, for Weddings and some funerals. Christmas services were especially well attended including Christingle which was attended by St Nicholas AKA “The Real One” and Fr Jim Rosenthal and also the Crib Service. We are grateful to Phil Bradshaw who continued to preach on the third Sundays throughout the year. Stephen Young served regularly at the Parish Communion and decided to take a break from serving in December. Matthew Young continued to act as crucifer for Parish Communions. Holy Week addresses were given by Canon Emeritus Carol Coslett. I am grateful to them all for their help. Thanks are due to Christopher Claxton Stephens for compiling the Intercessors rota, Ruth Foss-Smith for the Family Service rotas and Stephen Young for the Communion Minsters rota during the year. ## _Occasional Offices_ Demand for baptisms remained at a healthy level. Thanks are due to Allison Kandiah for undertaking the considerable amount of administration and to both Allison and Margaret Bradshaw for visiting families before baptisms. One of the church’s young people and one adult were prepared for confirmation during the year and confirmed at the Cathedral on 18[th] May 2024. A further eight St John’s young people were prepared during the year and confirmed by Bishop Rosemarie at a Deanery Confirmation service held at St John’s on Sunday 3[rd] November at which a total of 20 candidates were confirmed. Demand for weddings recovered slightly, after the previous year’s reduction following the national trend. Thanks are due to Christine Elliott for handling all the wedding administration, Anne Rueff for accounting for statutory fees due to the Diocese and to Yvonne Irving, our weddings verger. Anna Keast verged for funerals during the year. We continued to see a reduction in church funerals as other options continue to rise in popularity. I am grateful to Revd John Scott for providing cover when I am on holiday. Patricia Barrett negotiated an arrangement with “Greensleeves the flower shop” for floral arrangements which can be delivered to church in readiness for any Sunday members of the congregation wish to commemorate at a cost of £65.99. Members of the congregation should liaise with the vicar if they would like to sponsor the flowers on a particular date. A volunteer has not been found to manage the rota. ## _Pastoral Work_ The pastoral ministry team continued to visit members of the congregation. The team now numbers four as Stephen Young is taking a well-earned break from active membership. Margaret Bradshaw, Waithera Humphries, Chrissy Buckley and John Kronenberg. Thanks are due to Margaret Bradshaw for acting as secretary. Stephen Young continued to guide our dealings with VARB (Voluntary Action Reigate & Banstead) and the Bereavement Counselling initiative which came to an end in the latter part of the year. John Kronenberg continued as a member of East Surrey Hospital Chaplaincy Team. ## _Childrens’ & Young People’s Groups_ Children’s work continued to flourish and grow well over the year. The Good Friday Workshop was well attended. Thanks are due to Jo Hales, Katherine Murray, Philippa Moyle and the team of regular parent helpers whose efforts have led to the growth of Junior church. Jo Hales , our Commissioned Children’s and Family Worker completed the Bishop’s Certificate. Jo continues to be responsible for the “talk” at the Second Sunday Family Communion services which is much appreciated especially by the families and children present. - 2 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **PCC'S REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ The Years 7 to 9 group has become very cohesive and its members are actively engaged in church life. Thanks are due to Catherine Browne and Sarah Walters for running the Yr7+ activities. Young people continued to hold regular Bake Sales after services to raise funds for the church and their nominated causes. Yr7+ group with families and friends enjoyed their annual fireworks party in the Vicarage garden on 10[th] November. Thanks are due to Brendan Browne for organising the pyrotechnics. The Family Film Club grew numerically during the year. Thanks are due to Katherine, Francesca and Georgina Murray for running it so successfully. ## _House Groups_ Three house groups continued to meet periodically for study and fellowship, one of them by Zoom. The Lent house group course was “The Things He Said” written by Archbishop Stephen Cottrell and was quite well attended. ## _Schools Involvement_ John Kronenberg’s fortnightly assemblies continued at St John’s School. St John’s and Sparkfish joint venture lunchtime club at St John’s School was generally recognised as valuable in helping prepare Year 6 for secondary school. Sparkfish continued to resource it together with the vicar. St John’s School held their Easter service at St John’s and St John’s School, Earlswood School and Dunottar School enjoyed well attended Christmas carol services. ## _Community Organisations Engagement_ The Orpheus Centre Carol Concert was held once again with increased numbers over the previous year. East Surrey Hospital held their annual memorial service for families of departed loved ones on 7[th] December. An ensemble led by Professor Noel Tredinnick from the Guildhall School of Music and Drama provided the music once again. 2[nd] Reigate Scouts attended Mothering Sunday, Harvest Sunday and Remembrance Sunday services. Their annual fund raising quiz was help again in the Refectory. ## _Inclusion_ The composition of the congregation appears to have broadened as a result of our formally embracing inclusivity by joining the Inclusive Church network in 2023, following the Living in Love & Faith consultation. Our inclusion team was commissioned at an informal evening service in September and helps to ensure that St John's is as inclusive as we can be. ## _Eco-Church_ St John’s Eco-Group collaborated again with Rachel Wood from Eco Earlswood to host another Farmers’ Market in the Refectory. Recycling containers continue to receive donations by Church Centre users and a collection box was added to the Foyer. Thanks are due to Kate Cox for continuing to raise Loveworks’ profile with the congregation. ## _Events_ An annual Christian Aid “Big Breakfast” was again held on 11[th] May alongside a Plant Sale run by Philippa and Patrick Moyle. Donations were shared between St John’s and Christian Aid. The annual Strawberries & Pimms event was held on 19[th] July. A successful Heritage Open Day was help over 14[th] & 15[th] September concluded by a short Organ Recital by Guest Organist, Charles Thompson. Thanks are due to Jo Josh and her helpers. A Harvest Lunch was held in October organised by Sarah Walters with the help of a small team. The annual Musicians’ Party and Summer BBQ were well attended. ## _Communications_ “A View from St John’s” was published four times during the year and distributed electronically through the web site and weekly e-bulletins as well as in hard copy form. Caroline Jones and Caroline Faries stepped down from producing the magazine after the last issue of the year after several years in the role. It has been a great success and I am most grateful for their hard work, enthusiasm and creativity. To date, no volunteers have come forward to take their places. - 3 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **PCC'S REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ John Kronenberg continued to produce PewsNews. Sarah Ashworth produced the weekly e-bulletin. Karen Graham stepped down from doing the weekly photocopying of PewsNews and we are grateful to here for doing it for a number of years. No volunteer has come forward to take on PewsNews or photocopying. “WhatsApp” chats continue to be well used for better and more immediate communications within the church and wider community. PewsNews and the parish magazine “A View From St John’s” are uploaded to the web site weekly by John Kronenberg. Volunteers have been sought to take on a more active use of other digital platforms. ## _Technology_ Our various sound and PA systems continued to be enhanced with the help of sound engineer Alvaro Fernandez. This will continue into 2025. ## _Community Centre_ Parish Operations Manager, Sarah Ashworth sought out new opportunities to generate additional hirings income. Negotiations continued with Hightrees Nursery to encourage them to relocate to the Centre. ## _Conclusions_ Our future sustainability depends on building on our numerical growth and encouraging those who join St John’s to contribute their time and talents as volunteers as well as contributing to parish finances through Parish Giving. A large part of a legacy from the estate of the late Beryl Neatby was received during the year and was used by PCC to pay down around £100,000 of our mortgage on the Centre. PCC decided to keep payments at the same level to reduce the overall term of the mortgage. A further and final instalment is expected in 2025. Whilst this is extremely good news, and taken together with our numerical growth, offers real hope for the future, we must all be aware that the funds released will be needed to begin to rebuild our Parish Pledge contribution to a reasonable level. It is therefore imperative that the entire congregation continues its regular giving and that people do not think that their giving can be reduced because of this inheritance. With the continuation of good financial management, for which we are greatly indebted to Brendan Browne, and continued and redoubled regular giving (preferably through Parish Giving) we have every chance of becoming financially solvent again in the next 3 years I encourage everyone in the congregation and others who worship less frequently, but who love St John’s to consider whether they can increase the level of their regular giving to ensure that St John’s continues to merit a stipendiary vicar in the years to come. Meetings held with 34[th] Meadvale Scouts leaders and other interested community parties to discuss the possibility of a community interest company buying the Meadvale Hall site have regrettably come to nothing by the end of 2024. Hightrees Nursery has been granted an extension of time at Meadvale Hall and will hopefully relocate to the Centre for Winter Term 2025. Meadvale Hall will then be sold to further reduce our mortgage and monthly mortgage payments, releasing further funds to par our Parish Pledge. I said last year that I would concentrate my efforts on prayer, study and the mission and ministry which is essential to grow the church. This is how I believe I can best serve St John’s and it will continue to be my focus in 2025. ## _John Kronenberg (Vicar)_ - 4 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **PCC'S REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **Financial review** This year we were greatly enabled by the receipt of £131k legacy income. £105k of this was used to pay off the mortgage with the term reducing from 19 years and 5 months at the end of 2023 to 10 years and 10 months at the end of 2024. The remaining £26k has been allocated to a designated fund with the intention of future mortgage overpayments. Also of positive news was the raising of roof funds for South facing gutter repairs with £27k raised to date. However, the underlying trend is that we as a Church do not generate a level of regular planned giving to cover our regular costs (£83k in 2024, £77k in 2023). We survive financially because we paid the Diocese £12k when we should be paying nearer £90k. No financial liability exists with the Diocese because of this but naturally our structure would come under review. With paying the Diocese £12k, the Church and Meadvale Hall functions generated £34k of cash (excluding residual one-off legacy funds designated for further mortgage overpayments) to cover the losses of the Church Community Centre which didn’t see a main nursery hirer in year. Ongoing discussions are being held with potential nursery hirers commencing in 2025. Regarding Meadvale Hall, we have been in constant contact to discuss a community buy-out with several interested community groups for more than 18 months, including the 34th Meadvale Scouts as well as current and former council members. We have continued to bear the extra expenses resulting from prolonging our original 12-month consultation window during this period. No community body currently has the funds available to buy the hall and therefore the hall is being actively marketing for sale. ## **Reserves Policy** At the end of the year, the church held £327,401 in unrestricted reserves, £1,484,101 in restricted reserves and £95,586 in endowment reserves. Of this total, unrestricted free cash reserves are £45k with restricted cash being £121k (including £27k for roof repairs and £68k of organ funds). We have agreed a Parish Pledge of £16k in 2025, which is significantly below the full economic cost of £90k. Although we have £45k unrestricted cash, we are in a position of awaiting confirmation of South facing gutter repair grants and looking to secure a nursery hirer for the Community Centre. £26k is also ringfenced for mortgage overpayment. The PCC and stewardship committee will work hard with the Diocese on creating a sustainable future for St. John’s. The PCC assessed the major risks to which the PCC was exposed and was satisfied that systems were in place to mitigate exposure to major risks. ## **Structure, governance and management** The PCC was established by a charitable trust deed on 7 April 2010 and has the responsibility of cooperating with the incumbent in promoting in the ecclesiastical parish the whole mission of the church, pastoral, evangelistic, social and ecumenical. It has the maintenance responsibilities of the Grade II* listed building, St John the Evangelist, the Church Community Centre and Meadvale Hall. The PCC who served during the year and up to the date of signature of the financial statements were: Christine Elliott (Deanery Synod Representative) Christopher Elliott (Deanery Synod Representative) Mike Genge Joanna Hales (Deanery Synod Representative) John Kronenberg (Vicar) Andrew Moffat (Warden) Patrick Moyle (Deputy Warden) Katherine Murray (Vice Chair) David Reed (PCC Secretary) (Resigned 21 April 2024) Anne Rueff Allison Kandiah (Warden) Alistair Smith Andrew Wilson (PCC Secretary) (Appointed 24 April 2024) - 5 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **PCC'S REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## _Recruitment and appointment of trustees_ The Trustees of the Charity are members of the PCC; they are either ex officio, elected by the Annual Parochial Church Meeting, or co-opted in accordance with the Church Representation Rules. Candidates for election are required to complete the Trustee Declaration of Eligibility and to consent to disclosure of limited personal details to external bodies to enable the charity to operate effectively, to facilitate better internal communication and encourage collaborative working. ## _Organisational structure_ The PCC operated through a number of committees which met between full meetings of the Council and had the following terms of reference: ## _Standing Committee_ This is the only sub-committee required by law. Committee members were John Kronenberg, Allison Kandiah, Andrew Moffat, Patrick Moyle, and David Reed. It has the power to transact the business of the PCC between its meetings, subject to any directions given by the Council. ## **How decisions are made** All major policy decisions are made by the PCC during regular meetings; Standing Committee has the power to transact the business of the PCC between its meetings, subject to any directions given by the Council. The Churchwardens, as the leading lay members of the parish, assist the incumbent in the day-to-day administration of the church affairs and during an interregnum have the authority of the incumbent under canon law. ## _Induction and training of trustees_ New Trustees are active members of the church who feel called to offer a major contribution to the organisational life of the church. Information provided by the Church of England about the role of the trustee and the governance of the PCC were passed onto new trustees. New trustees were encouraged to ask questions and procedures were explained at the first meeting. The PCC's report was approved by the Board of PCC. - 6 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE PCC OF THE PCC OF ST JOHN THE EVANGELIST, REDHILL** I report to the PCC on my examination of the accounts of The PCC of St John The Evangelist, Redhill (the PCC) for the year ended 31 December 2024. ## **Responsibilities and basis of report** As the trustees of the PCC you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the PCC’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011. ## **Independent examiner's statement** Since the PCC’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of The Association of Chartered Certified Accountants, which is one of the listed bodies. Your attention is drawn to the fact that the charity has prepared accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for accounts to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. 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 that in any material respect: - 1 accounting records were not kept in respect of the PCC as required by section 130 of the Charities Act 2011. - 2 the financial statements do not accord with those records; or - 3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached. ## **Frances Wilde FCCA DChA** Warner Wilde Chartered Certified Accountants 4 Marigold Drive Bisley Surrey GU24 9SF Date: ............................ - 7 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ |**Current financial year**
**Unrestricted**
**Restricted**
**Endowment**
**funds**
**funds**
**funds**
**2024**
**2024**
**2024**
**Notes**
**£**
**£**
**£**
**Income from:**
Donations and legacies
**2**
233,498
28,962
-
Charitable activities
**3**
73,833
390
-
Other trading activities
**4**
-
-
-
Investments
**5**
13,252
1,316
-
**Total income**
320,583
30,668
-
**Expenditure on:**
Charitable activities
**6**
136,639
55,665
-
Other expenditure
**11**
1,316
35,759
-
**Total expenditure**
137,955
91,424
-
Net gains/(losses) on
investments
**12**
-
-
373
**Net income/(expenditure)**
182,628
(60,756)
373
**Net movement in funds**
**8**
182,628
(60,756)
373
**Reconciliation of funds:**
Fund balances at 1 January 2024
144,773
1,544,857
95,213
**Fund balances at 31 December**
**2024**
327,401
1,484,101
95,586|**Total**
**2024**
**£**
262,460
74,223
-
14,568
351,251
192,304
37,075
229,379
373
122,245
122,245
1,784,843
1,907,088|**Total**
**2023**
**£**
121,009
73,085
2,508
16,059
212,661
196,414
35,033
231,447
1,194
(17,592)
(17,592)
1,802,435
1,784,843| |---|---|---| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 8 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ |**Prior financial year**
**Unrestricted**
**Restricted**
**Endowment**
**funds**
**funds**
**funds**
**2023**
**2023**
**2023**
**Notes**
**£**
**£**
**£**
**Income from:**
Donations and legacies
**2**
105,819
15,190
-
Charitable activities
**3**
73,085
-
-
Other trading activities
**4**
2,508
-
-
Investments
**5**
15,700
359
-
**Total income**
197,112
15,549
-
**Expenditure on:**
Charitable activities
**6**
143,186
53,228
-
Other expenditure
**11**
359
34,674
-
**Total expenditure**
143,545
87,902
-
Net gains/(losses) on investments
**12**
-
-
1,194
**Net income/(expenditure)**
53,567
(72,353)
1,194
Transfers between funds
(138)
138
-
**Net movement in funds**
**8**
53,429
(72,215)
1,194
**Reconciliation of funds:**
Fund balances at 1 January 2023
91,344
1,617,072
94,019
**Fund balances at 31 December 2023**
144,773
1,544,857
95,213|**Total**
**2023**
**£**
121,009
73,085
2,508
16,059
212,661
196,414
35,033
231,447
1,194
(17,592)
-
(17,592)
1,802,435
1,784,843| |---|---| - 9 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **BALANCE SHEET** ## _**AS AT 31 DECEMBER 2024**_ |**Notes**
**Fixed assets**
Tangible assets
**14**
Investments
**15**
**Current assets**
Debtors
**16**
Investments
**17**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**19**
**Net current assets**
**Total assets less current liabilities**
**Creditors: amounts falling due after**
**more than one year**
**20**
**Net assets**
**The funds of the PCC**
Endowment funds
**21**
Restricted income funds
**22**
Unrestricted funds
**23**|**2024**
**£**
**£**
2,044,101
15,586
2,059,687
11,157
8,199
166,234
185,590
(20,395)
165,195
2,224,882
(317,794)
1,907,088
95,586
1,484,101
327,401
1,907,088|**2023**
**£**
**£**
2,088,468
15,213
2,103,681
12,013
8,199
121,366
141,578
(19,305)
122,273
2,225,954
(441,111)
1,784,843
95,213
1,544,857
144,773
1,784,843| |---|---|---| The financial statements were approved by the PCC on ......................... .............................. .............................. Andrew Moffat (Warden) Allison Kandiah (Warden) **PCC member PCC member** - 10 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **1 Accounting policies** ## **Charity information** St John the Evangelist, Redhill is a Parochial Church Council. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the PCC's governing document, the Charities Act 2011 and "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)". The PCC is a Public Benefit Entity as defined by FRS 102. The PCC has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The accounts 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 Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the PCC. Monetary amounts in these financial statements are rounded to the nearest £. The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the PCC have a reasonable expectation that the PCC has adequate resources to continue in operational existence for the foreseeable future. Thus the PCC continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the PCC in furtherance of their charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the PCC. ## **1.4 Income** Income is recognised when the PCC is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the PCC has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Donations, legacies and other forms of voluntary income are recognised as incoming resources when receivable, except insofar as they are incapable of financial measurement. Income tax refunds are recognised at the same time as the income to which they relate. Grants are recognised when the PCC is entitled to the income. - 11 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **1 Accounting policies** ## **(Continued)** Deferred income arises when the PCC is in receipt of income that relates to a future period. ## **1.5 Expenditure** Liabilities and the resulting expenditure are recognised when either a legal or constructive obligation is recognised. ## **1.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life. Land and buildings Impairment review and 2% straight line on buildings Plant and machinery straight line over 4 years IT/ AV equipment straight line over 3 years Freehold land and assets in the course of construction are not depreciated. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. ## **1.7 Fixed asset investments** Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred. ## **1.8 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **1.9 Financial instruments** Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year. ## **1.10 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the PCC is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **1.11 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. - 12 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ |**2**
**Income from donations and legacies**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Donations and gifts
101,048
28,962
Legacies
131,250
-
Donated goods and
services
1,200
-
233,498
28,962
**Donations and gifts**
Planned Giving: Gift Aid
donations
55,441
-
Planned Giving: Gift Aid
recoverable
16,262
-
Planned Giving: Other
11,587
-
Collections
16,575
-
Collections: Tax refunds
1,183
-
Donations, Appeals etc:
Gift Aid donations
-
-
Donations, Appeals etc:
Gift Aid recoverable
-
-
Donations, Appeals etc:
Other
-
-
Restricted donations
-
28,962
101,048
28,962
**3**
**Income from charitable activities**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**Charitable activities**
Services provided under
contract
4,145
-
Performance related
grants
-
237
Charitable rental income
61,519
-
Other income
8,169
153
73,833
390|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
130,010
99,819
15,190
131,250
5,000
-
1,200
1,000
-
262,460
105,819
15,190
55,441
52,190
-
16,262
18,347
-
11,587
6,139
-
16,575
16,279
-
1,183
1,479
-
-
5,237
-
-
37
-
-
111
-
28,962
-
15,190
130,010
99,819
15,190
**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
4,145
3,791
-
237
-
-
61,519
57,330
-
8,322
11,964
-
74,223
73,085
-|**Total**
**2023**
**£**
115,009
5,000
1,000| |---|---|---| |||121,009| |||52,190
18,347
6,139
16,279
1,479
5,237
37
111
15,190| |||115,009| |||**Total**
**2023**
**£**
3,791
-
57,330
11,964| |||73,085| - 13 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **4 Income from other trading activities** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2024**|**2023**| ||**£**|**£**| |Fundraising events|-|2,508| ## **5 Income from investments** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Rental income
10,315
-
Interest receivable
2,937
1,316
13,252
1,316|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
10,315
14,018
-
4,253
1,682
359
14,568
15,700
359|**Total**
**2023**
**£**
14,018
2,041| |---|---|---| |||16,059| - 14 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **6 Expenditure on charitable activities** |||**Charitable**|**Charitable**| |---|---|---|---| |||**activities**|**activities**| |||**2024**|**2023**| |||**£**|**£**| ||**Direct costs**||| ||Staff costs|21,435|19,750| ||Depreciation and impairment|46,367|45,867| ||Diocesan Share|12,001|15,667| ||Clergy and Reader's expenses|1,731|2,648| ||Office expenses|5,329|4,709| ||Fees|2,555|1,441| ||Altar and Service expenses|4,394|4,579| ||Music|2,650|1,990| ||Other|3,622|3,403| ||New Hall expenses|24,632|35,919| |||124,716|135,973| ||**Share of support and governance costs (see note 7)**||| ||Support|64,166|58,085| ||Governance|3,422|2,356| |||192,304|196,414| ||**Analysis by fund**||| ||Unrestricted funds - general|136,639|143,186| ||Restricted funds|55,665|53,228| |||192,304|196,414| |**7**|**Support costs allocated to activities**||| |||**2024**|**2023**| |||**£**|**£**| ||Staff costs|13,478|13,443| ||Church running & maintenance: Utilities|32,081|22,072| ||Church running & maintenance: Insurance|5,983|5,411| ||Church running & maintenance: Repairs|6,902|7,649| ||Meadvale Hall running costs|4,844|8,953| ||Books & printing|878|557| ||Governance costs|3,422|2,356| |||67,588|60,441| ||**Analysed between:**||| ||Charitable activities|67,588|60,441| - 15 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ |**8**
**Net movement in funds**
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets
**9**
**PCC**
During the year, no trustees received reimbursement of expenses (2023: None).|**2024**
**£**
1,728
46,367|**2023**
**£**
1,674
45,867| |---|---|---| |||| ## **10 Employees** The average monthly number of employees during the year was: ||**2024**|**2023**| |---|---|---| ||**Number**|**Number**| ||4|4| |**Employment costs**|**2024**|**2023**| ||**£**|**£**| |Wages and salaries|34,607|32,904| |Other pension costs|306|289| ||34,913|33,193| During the year there were 4 part time staff (full time equivalent - 1.5) There were no employees whose annual remuneration was more than £60,000. ## **11 Other expenditure** ||**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**| |---|---|---|---|---|---|---| ||**funds**|**funds**||**funds**|**funds**|| ||**2024**|**2024**|**2024**|**2023**|**2023**|**2023**| ||**£**|**£**|**£**|**£**|**£**|**£**| |Financing costs|1,316|35,759|37,075|359|34,674|35,033| - 16 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **12 Gains and losses on investments** ||**Endowment**|**Endowment**| |---|---|---| ||**funds**|**funds**| ||**2024**|**2023**| |Gains/(losses) arising on:|**£**|**£**| |Revaluation of investments|373|1,194| ## **13 Taxation** The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. ## **14 Tangible fixed assets** |**Cost**
At 1 January 2024
Additions
At 31 December 2024
**Depreciation and impairment**
At 1 January 2024
Depreciation charged in the year
At 31 December 2024
**Carrying amount**
At 31 December 2024
At 31 December 2023|**Land and**
**buildings**
**£**
2,360,856
-
2,360,856
273,138
45,617
318,755
2,042,101
2,087,718|**Plant and**
**machinery**
**£**
19,030
2,000
21,030
18,280
750
19,030
2,000
750|**IT/ AV**
**equipment**
**£**
2,853
-
2,853
2,853
-
2,853
-
-|**Total**
**£**
2,382,739
2,000| |---|---|---|---|---| |||||2,384,739| |||||294,271
46,367| |||||340,638| |||||2,044,101| |||||2,088,468| The brought forward balance is made up as follows: Meadvale Hall £80,000 Church Centre £2,280,856 - 17 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **15 Fixed asset investments** ||**Listed**| |---|---| ||**investments**| ||**£**| |**Cost or valuation**|| |At 1 January 2024|15,213| |Valuation changes|373| |At 31 December 2024|15,586| |**Carrying amount**|| |At 31 December 2024|15,586| |At 31 December 2023|15,213| ## **Fixed asset investments revalued** The original cost of investment assets must be disclosed. Where the original value is not known the earliest value must be shown. The earliest value recorded for investment assets is £9,003. This was as at 31 December 2009. ## **16 Debtors** |**Amounts falling due within one year:**
Other debtors
**17**
**Current asset investments**
Unlisted investments|**2024**
**£**
11,157
**2024**
**£**
8,199|**2023**
**£**
12,013| |---|---|---| |||**2023**
**£**
8,199| Consists of the 'Goudge Fund', a CBF Church of England Deposit Fund. - 18 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **18 Loans and overdrafts** |Bank loans
Payable within one year
Payable after one year
Amounts included above which fall due after five years:
Payable by instalments|**2024**
**£**
335,265
17,471
317,794
219,067|**2023**
**£**
451,657| |---|---|---| |||10,546
441,111| |||389,477| The long-term loan is secured by a legal mortgage and charge over land on the North side of St John's Church, Church Road, Redhill under title number SY848715. The loan is repayable over the period until 2035. The interest is 3% over the bank base rate. ## **19 Creditors: amounts falling due within one year** |**Notes**
Bank loans
**18**
Other taxation and social security
Accruals and deferred income
**20**
**Creditors: amounts falling due after more than one year**
**Notes**
Bank loans
**18**|**2024**
**£**
17,471
523
2,401
20,395
**2024**
**£**
317,794|**2023**
**£**
10,546
439
8,320| |---|---|---| |||19,305| |||**2023**
**£**
441,111| - 19 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **21 Endowment funds** Endowment funds represent assets which must be held permanently by the PCC. Income arising on the endowment funds can be used in accordance with the objects of the PCC and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund. ||**At**|**1 January**|**Gains and**|**Gains and**|**At 31**| |---|---|---|---|---|---| |||**2024**||**losses**|**December**| ||||||**2024**| |||**£**||**£**|**£**| |**Permanent endowments**|||||| |Elphick Fund||10,642||265|10,907| |Legacy Fund||4,571||108|4,679| |**Expendable endowments**|||||| |Church Halls Fund||80,000||-|80,000| |||95,213||373|95,586| |**Previous year:**|**At**|**1 January**|**Gains and**||**At 31**| |||**2023**||**losses**|**December**| ||||||**2023**| |||**£**||**£**|**£**| |**Permanent endowments**|||||| |Elphick Fund||9,826||816|10,642| |Legacy Fund||4,193||378|4,571| |**Expendable endowments**|||||| |Church Halls Fund||80,000||-|80,000| |||94,019||1,194|95,213| ## **Elphick Fund** This fund provides income which is credited directly to the general fund, for floodlighting the church. ## **Legacy Fund** This principally provides income credited to the general fund for upkeep of the churchyard. ## **Church Halls Fund** The Church Halls Fund relates to the carrying value of the Meadvale Hall. - 20 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **22 Restricted funds** The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. |**At**
War Memorial
New Hall
Organ Maintenance
Music
Appeals and Special
Collections
ECO church
Office Capital Fund
Defibrillator
Church Maintenance and
Development
LCD Projector
Mortgage Overpayment fund
Roof appeal
Confirmation Class
Youth welfare
Data projector
Vicar's discretionary fund
Tree fund
Grant bid writer
Ukranian families|**1 January**
**2024**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
**£**
3,579
-
-
1,399,920
-
(81,626)
111,071
1,316
(1,354)
1,437
-
-
1,165
4,538
(2,008)
183
31
-
4,130
-
-
992
-
(84)
4,629
-
(4,629)
-
160
(160)
-
764
(764)
6,325
20,159
(25)
-
77
-
3,567
153
(24)
4,000
-
-
2,600
3,470
(750)
332
-
-
263
-
-
664
-
-
1,544,857
30,668
(91,424)|**Transfers**
**At 31**
**December**
**2024**
**£**
**£**
-
3,579
-
1,318,294
-
111,033
-
1,437
-
3,695
-
214
-
4,130
-
908
-
-
-
-
-
-
-
26,459
-
77
-
3,696
-
4,000
-
5,320
-
332
-
263
-
664
-
1,484,101| |---|---|---| - 21 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ |**22**
**Restricted funds**
**Previous year:**
**At**
War Memorial
New Hall
Organ Maintenance
Music
Appeals and Special
Collections
ECO church
Office Capital Fund
Defibrillator
Church Maintenance and
Development
Earthquake appeal
Theatre trips
Roof appeal
Toilet twinning
Youth welfare
Data projector
Vicar's discretionary fund
Tree fund
Grant bid writer
Ukranian families|**1 January**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
**£**
3,579
-
-
1,480,211
-
(80,291)
111,980
359
(1,268)
1,436
-
-
471
778
(83)
7
131
-
4,130
-
-
992
-
-
8,499
339
(4,208)
-
347
(440)
-
360
(360)
-
6,325
-
942
18
(960)
3,567
-
-
-
4,000
-
-
2,892
(292)
332
-
-
262
-
-
664
-
-
1,617,072
15,549
(87,902)|**(Continued)**
**Transfers**
**At 31**
**December**
**2023**
**£**
**£**
-
3,579
-
1,399,920
-
111,071
-
1,436
-
1,166
45
183
-
4,130
-
992
-
4,630
93
-
-
-
-
6,325
-
-
-
3,567
-
4,000
-
2,600
-
332
-
262
-
664
138
1,544,857| |---|---|---| - 22 - **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **22 Restricted funds** **(Continued)** **War Memorial:** Grant received to maintain the War Memorial found at the entrance to the churchyard. **New Hall:** This fund was established in 2011 and is for building a new hall. The proceeds from the sale of the Parochial Hall (which was held in Endowment Funds) have been transferred to this fund. In order to mitigate a predicted temporary shortage of working capital for the New Hall, the PCC approved a loan of up to £75,000 from the Organ restricted fund to the New Hall account. This approval was on the advice that such a loan was acceptable provided proper measures were taken to repay the loan in a reasonable time and the fund would not suffer any loss of interest. A loan of £40,000 was made in October 2018 to be repaid over 10 years with 1% pa interest (£350 p.m.). An additional loan was made in September 2019 and the monthly loan repayments were increased to £636. **Organ Maintenance:** This fund was established in 2014 with a specific legacy and provides for repair and maintenance of the church organ. A further legacy was received for this purpose in 2015. **Music:** Funds donated for the purpose of enhancing music provision. **Appeals and Special collections:** This fund represents donations made to the PCC on an agency basis which are then passed directly to nominated charities within the objects of the PCC, or special collections for other specific charitable organisations. **ECO Church:** Funds raised from Eco events (e.g. swaps and fairs) for positive impact environmental projects. **Office Capital Fund:** Funds donated for the purpose of furnishing the new hall office. **Defibrillator:** Remaining funds following purchase of a defibrillator in 2022 following congregational fund raising. To be used for defibrillator maintenance. **Church Maintenance and Development** : A legacy was received during 2015 for maintenance of the church. **Earthquake Appeal:** Congregational funds raised for 2023 Turkey-Syria earthquake appeal. **Theatre Trips:** Income and costs associated with theatre trips run through the Church. **Roof Appeal:** Congregational and wider community funds raised to fix the Church's leaking roof. **Toilet Twinning:** Funds raised by the Year 7-9 Youth Group for twinning 12 toilets in Tanzania. **Youth Welfare:** Donations received initially for an Internal Foyer and then agreed the funds can be used for Youth Welfare. **Data Projector:** A 2023 grant received from the Southward of Diocese to enhance quality of service delivery. **Other:** Includes funding for Christingle, mission support and Xero training. **Vicar's discretionary fund:** Funds contributed solely by the Vicar for his approved future spend. **Tree fund:** Funds donated to help maintain the trees on the stepped avenue. **Grant bid writer:** A donation with restrictive covenant that it is to be use for paying for the service of a grant funding application specialist. **Ukranian Families:** Congregational funds raised to support Ukrainian Families who have recently moved to the local area. - 23 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **23 Unrestricted funds** The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. ||**At 1 January**|**At 1 January**|**Incoming**|**Resources**|**Transfers**|**At 31**| |---|---|---|---|---|---|---| |||**2024**|**resources**|**expended**||**December**| |||||||**2024**| |||**£**|**£**|**£**|**£**|**£**| |Legacy (mortgage repayment)||-|131,250|(105,764)|-|25,486| |General funds|144,773||189,333|(32,191)|-|301,915| ||144,773||320,583|(137,955)|-|327,401| |**Previous year:**|**At 1 January**||**Incoming**|**Resources**|**Transfers**|**At 31**| |||**2023**|**resources**|**expended**||**December**| |||||||**2023**| |||**£**|**£**|**£**|**£**|**£**| |General funds||91,344|197,112|(143,545)|(138)|144,773| |**Analysis of net assets between**|**funds**|||||| ||||**Unrestricted**|**Restricted**|**Endowment**|**Total**| ||||**funds**|**funds**|**funds**|| ||||**2024**|**2024**|**2024**|**2024**| ||||**£**|**£**|**£**|**£**| |**At 31 December 2024:**||||||| |Tangible assets|||645,807|1,318,294|80,000|2,044,101| |Investments|||-|-|15,586|15,586| |Current assets/(liabilities)|||42,192|123,003|-|165,195| |Long term liabilities|||(360,598)|42,804|-|(317,794)| ||||327,401|1,484,101|95,586|1,907,088| ||||**Unrestricted**|**Restricted**|**Endowment**|**Total**| ||||**funds**|**funds**|**funds**|| ||||**2023**|**2023**|**2023**|**2023**| ||||**£**|**£**|**£**|**£**| |**At 31 December 2023:**||||||| |Tangible assets|||608,549|1,399,919|80,000|2,088,468| |Investments|||-|-|15,213|15,213| |Current assets/(liabilities)|||20,118|102,155|-|122,273| |Long term liabilities|||(483,894)|42,783|-|(441,111)| ||||144,773|1,544,857|95,213|1,784,843| ## **24 Analysis of net assets between funds** - 24 - ## **THE PCC OF ST JOHN THE EVANGELIST, REDHILL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **25 Related party transactions** There were no disclosable related party transactions during the year (2023 - none). - 25 -