Company registration number.. 07300148 Charity registration number.. 1137310 High Cross Church Camberley (A Company limited by guarantee) Annual Report and Financial Sialements for the Year Ended 31 December 2024 Stewart & Co Accountants LLP Knoll House Knoll Road Camberley Surrey GU15 3SY
High Cross Church Camberley Contents Reference and Administrative Details 2105 Truslees, Report Independent Examineds Report Siatement of Financial Activities 7108 Balance Sheel Notes to the Financial Statements IOto22
High Cross Church Camberley Reference and Administrative Details Secretary M Glauert ChArity Registration Number 1137310 Company Registrltion Number 07300148 Registered Office High Cross Church Knoll Road Camberley Surrey GU15 3SY Independent Examiner Stewart & Co Accountants LLP Knoll House Knoll Road Camberley Surrey GU153SY Page I
High Cross Church Camberley Trustees, Report The Irustees, who are directors for ihe purposes of company law, present the annual report together with the financial siatements of the charitable company for the year ended 31 December 2024. Objectives and activities Objecls and alms The objective of the Church is to Glorify God. to promote the Christian faiih. and to reach out to those in need in the local and wider community. All are welcome al High Cross. Major Aclivliies and significaiil malters related lo iheyear ended 31 December 2024 The usual activities supported by the chuTch for the elderly have improved as the world learns lo live wilh Covid. Some of our elderly members still feel 100 vulnerdble to visil the church premises however, our pastoral system of supporting members continued wilh regular phone ca115 and some home visits. Also, the Church has invested in equipment to be able ¢0 broadcast the service via our YouTube channel to allow anyone to view the weekly service which was installed during the first half of 2024. iblic heiiefil The Iruslees have considered the guidance provided by the Charity Commission in connection with public benefit and Ihe work of the church. The Church carries out ils mission by providinb Christian teaching to all who wish it, and pasioral eare and oversighl of th¢ elderly and the youn&y, through a nelwork of pastoral assistanis and an employed family worker. The Church supports those suffering from different forms of dementia with ils Melodies for the Mind Club. The concourse area is open for infonnal gatherings wilh a café open lo purchase food and drink. The Church also supports a couple of the local care homes by providing a short Sunday service in the afternoons for their residenls. The Church is a 5even-day cenlre. as well as a place of traditional worship, with a large Cafe, The numerous rooms and facilities within the building are hired out lo local charities and non-profit making organisalions within ihe community. Many course5 are run by the local authority and U3A. We also have theatre productions, conferences and concerts held regularly in either the ihealre or rnain sanctuary. It is also actively involved in Ecumenical projects with "Churches together in Camberley" Our Children and Family Workers run day and evening aclivilies for children. wiihin the safety of the church. The tnbstees confim that they have complied with Ihe requiremenls of section 17 of the Charities Act 201 I to have due regard lo the public benefii guidance published by the Charity Commission for Enbyland and Wales. Fin#nci*l review During the year ended 31 December 2024 the church had a total income of £226.000 (2023.. £219,162). This total included: offerings and gifts - £56.929 (2023.. £57.199)' tsx recoverable - £16,324 2023- £16,635). other income and donations £17,408 (2023- £22,905). Lay Worker Grants £4,126 (2023: £4.107)' Special Collections £2.276 (2023: £3.862}- Income from church leltings and parking £112,304 {2023- £100,519); bank and inv¢slment income - £16.633 (2023- £13.935). Total Expenditure for the year was £228.192 (2023- £225.049). Of Ihis total. significant costs were-. ministry direct costs - £74,033 (2023.. £73.733)' Benevolent paymenls - £2.619 (2023: £3.929)- Other church cosls - £377 (2023.. £701) and support costs - £151,163 (2023: £146,686). Page 2
High Cross Church Camberley Trustees, Report The Church building is vested, by deed, in the United Reformed Church (Wessex) Trust Ltd. as Trustee5 on behalf of the United Refomied Church and the Meihodist Church. Use of the building by ihe two local churches is governed by a Sharing Agreeinenl dated 13 February 1990.The Trustees have funds invested io provide for exceptional repairs and renovations that may become necessary for the building. Income from those funds may be used to meet expenses connected with the Church Building. The local churches have no right to those Funds on dissoluiion of the sharing arrangements. The Church derives ils income from two main sources - regular giving and donations by ils members under Gift Aid Schemes and hiring out ils premises to organisations within the community. Ils Iwo main expenditures are the costs of running the buildings and the cost of lis ministers. The Minisiers are employed by the two denomination5 who then levy their cos15 on the Church. Volunleers assist in some of the lasks necessary for running the church, however it has paid staff and ¢onlraclor (caretaking) to look after the building and run ils trading aclivilies. The Church has continued with ils programme of building and equipment renovaiions with the replacement of lighting by LED'S in the Chapel with the office and back entrance to be completed in 2024. The upgrade of Ihe multimedia system (lo broadcast services on social media more effeclivelyl was purchased in September 2024 with the inslallalion completed in early 2024. The Church's flal was refurbished in laie 2023 and the flat has been rented out starting in March 2024. The Financial resulis for the church in 2024 ended up being a small surplus for the year mainly due lo an increase in income from the parking charLies and invesiinenl income a5 the economy has started lo perforn) vs. 2023. The Church is conlinually examining the expenses and finding additional ways to reduce this fi&iure. The Church also has had issues with the roof of the buildinb7 and in late 2024, the decision was made to have il replaced. Lookinby into the next year. the Church will be starting to fundraise for this project along side inveslibFalinb' grants to assisi with this subslanlial expense. PollLy oil reserves The churches policy is lo hold 6 months overheAd expenditure in unreslricled funds. This equates lo a lillle over £105,000 and General Re5erve5 currently Stand al £108.960. Designated Fund5 increased overall by £14.194 due lo a lar8e increase in the value of the investmen15 and a £9,000 bequest lo be used lo replenish funds in the Heather Wright building account which the expense of the new AV equipmenl came out from. The Fund now slands al £205,971. Restricted Funds Sland ai £1,214. Invesimenlpolicy and objeclives The Trustees have invested subsianlial amounts in boih Mcihodisl and URC denominational Investments Funds, as well a5 wilh Invesco and Charities Investment Managers, which are deemed be low risk. Page 3
High Cross Church Camberley Trustees, Report Trustees and officers The tNslees and officers serving during the year and since the year ¢nd were as follows: Trustees.. S Wright E Williams G Foster M Glauert Secretary,, M Glauert Church Leaders.. Rev M Thomason Rev S Gardner Mrs L Alderman Mrs P Boyle Mrs V Crandley Mrs M Glauert Mrs G Fosler Mrs S Knight (appoinled March 2024) Mrs A Markwick Ms N Mouiia (retired November 2024) Mr M Riddy Mr R Sall Mrs A Whillis Mrs E Williams Mr J Wood Ms S Wright Structure. governAnee And m4nAgement S¢rudure High Cross Church was fomied by the coming together of the local United Reformed Church and the Ial Methodisi chUh in 1990 when the two previou5 buildings were given up and a new modern building erected in Knoll Road. Since thal time. High Cross hps operaled a5 an unincorporated charity. and, in common with mosl denominations. was nol required to register with the Charity Commission a5 a Separate entity until 2010. On 31 st December 2010 all the assels and liabilities of ihe unincorporated body were transferred to High Cross chUh Cambcrley Ltd, and the previously un]nrporated body ceased lo operate. Page 4
High Cross Church Camberley Trustees, Report Managemenl Church Leaders are appointed by the Church Members to sil on Church Council lo manage the business and pastoral affairs of ihe Church. The Church Council appoints certain leaders to be Trustees and Direciors of the Company. The Trustees and Directors are as sel out on page l. There is also a Management Commiltee. responsible for managing the day-to-day operational activities of the Church. which reports to Church Council. Major risks aiid managemeiil of ih05e nsks The truslees have considered Ihe major risks to which the church is exposed, and where appropriate have put in place policies and insurance lo reduce or eliminate the risks. The church relies on a subslaniial number of Volunle¢rs however key operational and administrative roles are carried out by paid staff. Statement of trustees, responslbilitles The Iruslee5 (who are also the directors of High Cross Church Camberley for the purposes of company law) are responsible for preparing the Iruslees, report and the financial statements in accordance wilh applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounling Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees lo prepare financial statements for each financial year. Under company law the Iruslees musl not approve the financial statements unless they are saiisfied Ihal they give a true and fair view of the state of affairs of the charitable company and of the incon)ing resources and application of resources including ils income and expenditure. of the charitable company for Ihal period. In preparing these financial stalemenls. the trustees are required 10: select suitable accounting policie5 and apply them consislenily. observe Ihe meihods and principles in the Charitie5 SORP. make judgements and estimates that are reasonable and prudent. slaie whether applicable accounting standards, ¢oinprising FRS 102 have been followed, subje¢l lo any malcrial departures disclosed and explained in the financial statements,. and prepare the financial slalemenls on the going concern basi5 unless il is inappropriaie lo presume that the charitable company will continue in business. The Iru5tees are responsible for keeping proper accounling records that can disclose with reasonable accuracy al any lime the financial position of the charitable company and enable them to ensu that the financial statements comply with the Companies Act 2006. They are also responsible for safeguardingy Ihe assets of the charitable company and hence for taking reasonable steps for the prevention and deleclion of frnud and other irregularities. The INste¢s are responsible for the maintenance and integrity of the corporate and financial inforination included on the Charitable company'5 website. Legislation governing the preparation and disseniinalion or rinancial stalemenls may differ from le8islalion in other jurisdiction5. an ual report was approved by the trustees of the charity on 12 September 2025 and signed on its behalf by.. right, Trustee ams. Trustee Page 5
High Cross Church Camberley Independent Examiner's Report to the trustees of High Cross Church Camberley ('the Company,) I report to the charity Irusttts on my examination of the accounts of the Company for the year ended 31 December 2024. Responsibllities and basls of report As the charity's Irustee5 of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of ihe accounts in accordance wilh the requirements of the Companies Act 2006 ('the 2006 Act.). Having satisfied myself thal Ihe accounts of the Company are not required io be audited under Part 16 of ihe 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as Carried out under section 145 of the Charities Act 2011 {'Ihe 2011 Act.). In canying oui my examination I have followed the Directions given by the Charity Commission under section 145(5Xb} of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause to believe: l. accounting records were not kept in respect of High Cross Church Camberley as required by section 386 of the 2006 Act. or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accountinL4 requirements of section 396 of the 2006 Act other than any requiremeni that the accounts give a 'lrue and fair view, which is not a matter considered as part of an indepcndenl examination; or 4. Ihe accounts have noi been prepared in accordance with the methods and principles of the Sialement of Recommended Practice for accounting and reporting by charilies [&pplicabl¢ to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland (FRS 102)]. I have no concerns and have Corne across no other matters in connection with ihe examination to which attention should be drawn in ihis report in order to enable a proper undersianding of the accounts to be reached. Lucy Evans Bsc BFP FCA Knoll House Knoll Road Camberley Surrey GU15 3SY 12 September 2025 Page 6
High Cross Church Camberley Statement of Financial Activities for the Year Ended 31 December 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restrided funds Tot41 2024 Note Income and Endowments from: Donaiions and legacies Other trading activities Invesimenl income 90,661 112.304 16.618 6,402 97.063 112,304 16,633 15 Total income 219.583 6.417 226.000 Expenditure on: Chariiable aclivilie5 221,420 (6.772) 228,192 Total expenditure Gainsllosses on investment a55ets {221,420) 9,432 {6,772) (228.192) 9,432 Net in¢omel(expendilure) Net movement in funds 7.595 {3551 7,240 7,595 {355) 7,240 Recon¢iliAtion of funds Total funds brou8ht forward Total funds carried forward 314931 1.214 316.145 19 322,526 859 323,385 The notes on pages l O to 22 form an integrdl part of these financial slaternents. Page 7
High Cross Church Camberley Statement of Financial Activities for the Year Ended 31 December 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted funds Total 21123 ]Yote Income and Endowments from: Donations and legacies Oiher trading activilie5 Inveslmenl income 96.739 100.519 13,935 7.969 104.708 100.519 13,935 Total incorne 211.193 7,969 219.162 Expenditure on: Charitable aciiviiies 216,737 .312 225 049 Total expendiiure Gainsllosses on investment assets (216,737) 9,295 (8,312) (225.049) 9.295 Ncl incomel(expendilurel 3,751 343 3,408 Nel movement in funds 3.751 (343) 3,408 RefonciliAtion of funds Total funds brought forward Total funds caffied forward 311 180 1,557 312,737 19 314,931 1,214 316,145 All of the charity's activities derive from continuing operations during the above two pcriods. The funds breakdown for 2023 is shown in note 19. The notes on pages l O to 22 forni an integral part of these financial statements. Page 8
High Cross Church Camberley (Registration number: 07300148) Balance Sheet as at 31 December 2024 2024 2023 Note Fixed assets Tangible assets Investments 14 16,500 246,957 16.950 236,337 263,457 253.287 Current assets Debtors Cash al bank and in hand 16 18,109 58,928 23.320 59,219 77,037 82.539 Credltors: Amounts falllng due wlthln one year Net current assets 18 17,109) 19,681 59,928 62,858 Net Assets 323,385 316.145 Funds of the ehmrity: Restricted income fund5 Restricied funds 859 1,214 Unrestritted income funds Unreslrictcd funds 322,526 314,931 Tot41 funds 19 323,385 316,145 For the financial year ending 31 December 2024 the charity was entitled lo exemption fmm audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: The members have not required the charity to obtain an audit of its accounts for the year in question in a¢¢ordance with s¢¢lion 476. and The direclors acknowledge their responsibilities for complying wilh the requirements of the Acl with respect to accounlingF records and the preparation of accounts. The Inancial statements on pages 7 10 22 were approved by the trustees, and authorised for issue on 12 Sept ber 2025 and signed on their behalf by: ghi. Trustee ams. Truslee The notes on pages l O 10 22 forni an integral part of these financial slatemenis. Page 9
High Cross Church Camberley Notes to the Financial Statements for the Year Ended 31 December 2024 I Charity St4tus The charity is limiled by guarantee. incorporated in and consequently does noi have share capiial. Each of the trustees is liable to contribute an amount not exceeding £1 O towards the asse15 of the charily in ihe event of liquidation. The address of its registered office is.. High Cross Church Knoll Road Camberley Surr¢y GU15 3SY These finan¢ial statements were authorised for issu¢ by the truste¢s on 12 Seplember 2025. 2 Accounting policles Summary ofsignificAnt Accounting pollcie5 #nd key accounling estlmates The principal accounting policies applied tn the preparation of Ihe5c financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of eompliAn¢e The financial sl&lem¢nis have becn prepared in accordance wilh Accounting and Reporting by Charities: Statement of Recommended Praclice (applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in Oclober 2019) (Charities SORP (FRS 102)), the Financial Reporting Standard appliGable in the UK and Republi¢ of Ireland (FRS 102) and the Companies Act 2006. Basls of preparation High Cross Church Camberley meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaclion value unless otherwise slated in the relevant accounling policy notes. Going concern The trustees consider Ihat there are no material uncertainties about the charily'5 abiliiy to conlinue as a going concem nor any SibTnificant area5 of uncertainly ihat affect the carrying value of assets held by the charity. E%emplion from prepAring i eash flow statement The charity opled to early adopt Bulletin I published on 2 February 2016 and have therefore not included a Cash flow statement in these financial statements. Income and endowment5 All income is recognised once the charity has enliilement to the income. it is probablc that the income will be received and the amount of the income receivable can be measured reliably. Page 10
High Cross Church Camberley Notes to the Financial Statements for the Year Ended 31 December 2024 Doiiatioiis oiid legacles Donations are recognised when the charily has been nolified in writing of both the amount and settlement dale. In the event that a donation is subject to condilions ihal require a level of perfomance by ihe charity before ihe charity is entitled lo the funds, the incorne is deferred and not recognised until either those conditions fully mel. or the fulfilmenl of those Conditions is wholly within the control of the ¢harily and it Is probable that Ihese conditions will be fulfilled in the reporting period. Expenditure All expendilure is recognised once there is a legal or conslruclive obligation to Ihal expenditure, il is probable settlement is required and the amount can be rneasured reliably. All costs are allo¢ated to ihe applicable expenditure heading that aggregaie similar costs lo that category. Where costs cannot be direcily allribuled lo particular headings they have been allocated on a basis ¢onsisienl with the use of resources, with ¢¢nlral staff osls allo¢aled on the basis of lime spenl, and deprecialion charges allocated on the portion of the asset's use. Oiher support costs are allocated based on Ihe spread of staff costs. Cliarllable aclivilie Charitable expenditure compri5e5 those cosls incurred by the charity in the delivery of it5 activities and services for ils beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support ¢08ts Support costs include central functions and have been allocated lo aclivily cost ¢alegories on a basis consisieni with the use of resources, for example, allocatin8 property costs by floor Areas, or per capita, staff costs by th¢ lime spent and other costs by Iheir usage. Governanee eosts These include the costs attribulable lo the charily's compliance wilh constitutional and statutory requirements, including audit. strategic management and trustees meetings and reimbursed expense5. Taxation The charity is conSided to pass the lesls set out in Paragraph I Schedule 6 of the Finance Act 2010 and the fore it meets the definition of a charilable company for UK corporalion tax purposes. Accordingly, the Charity is potenlially exempt from taxation in respect of income or capilal gain5 received within categories covered by Chapler 3 Part I l of the Corporation Tax Act 201 O or Section 256 of the Taxation of Chargeable Gains Act 1992, to Ihe extent that such income or gains are applied exclusively lo charitable purposes. Tangible fixed assets Individual fixed assets costing £0.00 or more are initially recorded ai cost. less any subsequent accumulated depreciation and subsequent accumulated impaimienl losses. Depreciation wnd amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful econornic life as follows- A$5et class Compuiers, Office and Miscellaneous Equipment DepreciAtion method and rate Straight line over 3-5 years Pagell
Hlgh Cross Church Camberley Notes to the Financial Statements for the Year Ended 31 December 2024 Fixed *s$et Investments Fixed asset inveslmenls, other than programme related inveslmenis. are included at market value al the balance sheet date. Realised gain5 and losses on investments are calculated &$ the difference beiween sales proceeds and their market value at Ihe slart of the year, or their subsequent rost, and are Charged or credited lo the Slalem¢nt of Financial Activities in the period of disposal. Unrealised gains and losses represent the movement in market value5 during the year and are crediied or charged to the Siatement of Financial Aclivilies based on the market value ai Ihe year end. Trlde deblors Trad¢ debtors are amounts due from customers for mer¢handise sold or Services perfornied in the ordinary course of business. C4$h and eash equivAlent5 Cash and cash equivalents comprise cash on hand and call deposits, and other short-lerm highly liquid investments thal are readily convertible to a known amount of cash and are subject io an insignificant risk of change in value. Fund structure Unrestricted inwme funds are general funds that are available for use at the trustees discretion in furtherance of Ihe objectiVC5 of the charity. De5ib¥nated funds are unrestricted fund5 sel aside for specific purposes at the discretion of the trustees. Reslricled income funds are those donated for use in a particular area or for specific purposes, the use of which is reslricted io that area or purpose. Fln4n¢l41 Instruments ClassiJlL'ailon Financial assets and financial liabilities are recogniscd when the ¢harily becomes a party to the contractual provisions of the insirumenl. Financial liabililies and equity instruments are Classified according lo the substance of the contractual arrdngements entered into. An equily instrument is any contract thai evidences a residual interest in the assets of the charity after deducting all of its liabililies. Page 12
High Cross Church Camberley Notes to the Financial Statements for the Year Ended 31 December 2024 Recognilion ond measuremenl All financial assets and liabilities are inilially measured at transaction price (including transaction costs), except for Ihose financial a55els classified a5 at fair value through profit or loss. which are initially measured at fair value (which is nomially the Iransaclion price excluding Iransaction costs). unless the arrangemenl conslilutes a financing Iransaciion. If an arrangemenl conslilules a financing transaction. the financial assel or financial liability is measured at the present value of the future payrnents discounted at a market rale of interest for a similar debi instrument. Financial assets and liabilities are only offset in the stslemeni of financial posilion when, and only whet) there ¢xi515 a legally enforceable right to sel off ihe recognised amounts and Ihe charity intends either 10 settle on a net basis, or lo realise the asset and sciile the liabi lity 5imulianeously. Financial assets are derecognised when and only when a) the conlra¢lual rights lo the cash flows from the financial asset expire or are seiiled, b) the Charity transfers lo anoiher party subslanlially all of the risks and rewards of oWnehip of the financial asset. or c) Ihe charity, despite having retained some, bul not all, significani risks and rewards of ownership, has transfeed control of Ihe asset lo another party. Financial liabilities are derecognised only when the obligaiion specified in the contract is discharged, cancelled or expires. Investments Inveslmenls in non-converlible preference shares and non-puttable ordinary or preference shares (where shares are publicly Iraded or their fair value is reliably measurable) are measured al fair value through profil or loss. Where fair value cannot be measured reliably, investments are measured al cost less impairment, Investments in subsidiaries and associates are measured al cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference lo the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored. Fair vftlue measiiremenl The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical assei provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of lime since the transaction look place. If the market is not active and recent transactions of an identical asset on iheir own are not a good estimate of fair value, the fair value is estimated by using a valuation technique. Page 13
High Cross Church Camberley Notes to the Financial Statements for the Year Ended 31 December 2024 3 Income from don*tions sind legi¢ies Unre5tri¢ted funds Design4ted General Restricted funds Total 2024 Total 2023 Donations and legacies. Cash donations Free Will Offering Gift Aid Donations Tax Rebate on Covenants Other Income & Donations Heaiher WrighUBuilding fund income Community & mission income Lay Worker Grunts Special Collections 4.940 51,989 723 4.940 51,989 723 4,493 52,706 591 15.601 15.601 16,044 10,818 10,818 12,699 6,250 6,250 9,000 340 340 4,126 2,276 ,206 4,107 3,862 4,126 2,276 6,590 84,071 6,402 97,063 104,708 Of the incorne from donations and grants in the previous year £9.967 was reslricied and £8,171 was designated. 3.1 Specill Collections Unreslrlcted Funds Deslgnated Funds Restritted Funds Total 2024 To¢01 2023 Slep by step Sunday Coffee Other Collections 324 588 2,950 327 1,949 327 1,949 2.276 2.276 3.862 4 In¢om¢ from other trading 4¢tivities Unrestricted funds General TolAI funds Tolll 2023 Car Park Pemiits Hall Hiring Flat rental 14,168 87.886 10,250 14,168 87,886 10.250 11.710 88,809 12,304 112.304 100,519 Page 14
High Cross Church Camberley Notes to the Financial Statements for the Year Ended 31 December 2024 5 Investment income Unrestricted funds De5ignAted Gener41 Restricted funds Total 2024 Total 2023 Interest receivable and similar ncome- Interest receivable on bank deposits 1,189 15.429 15 16.633 13.935 6 Expenditure on chAritAble Activities Unrestricted funds De$ignAted General Restricted funds Total 2024 Total 2023 Ministry costs Benevolent payments Other church acliviiies 6.616 214.454 350 4,126 2,269 377 225,196 2,619 377 220,419 3,929 701 6.616 214,804 228,192 225 049 Activity ndertaken direetly Aetivity support costs Note 2024 2023 Ministry costs Benevolent payments Other church activities 74,033 2,619 151,163 225,196 2,619 220,419 3,929 377 377 701 77,029 151.163 228,192 225,049 7 Other expenditure Restricted funds Total 2024 TotAI 2023 Other ExpensesTrayments Other Church GroupslActvities 377 377 701 377 377 701 Page 15
High Cross Church Camberley Notes to the Financial Statements for the Year Ended 31 December 2024 8 Benevolent payments Unrestrieted funds General Restricted funds Total 2024 Total 2023 Benevolent Payments Special Collections Paid Out Flowers Benevolent payments 350 350 75 2,194 2,619 425 75 2.194 3.504 3.929 350 2.269 In the previous year benevolent payments were £3.929 of which £425 was unrestricied and £3,504 was resiri¢ted. 9 Analysbs of governance ind support ¢ost5 Mini$try costs Unrestricted fund$ DesignAted General Restrlcted fund5 Totgl 2024 Total 2023 URC Assessment Lay Workers Methodist Assessment Ministers Expenses Manse Expenses Other Ministry costs 40.200 7.941 40.200 12,067 40,200 11.805 4,126 6,000 3,630 4,229 1,741 63,741 6.000 3,714 4,041 7,973 73,733 3,630 4,229 14,073 80,199 6.166 6,166 4.126 In the previous year ministry costs of £64.319 were unrestricted. £5,307 designated and £4.107 reslri¢ted. Page 16
High Cross Church Camberley Notes to the Financial Statements for the Year Ended 31 December 2024 Chureh running costSupport costs Designated Funds Unrestrlcted Funds Total 2024 Tot41 2023 Adrninistration Expenses Church Siaff Costs Caretaker Cleaning Expenses Utility Costs Perfomling RighislRoyaliies Printing & Siaiionery Insurance Repairs & mainienance Sundry Expenses Refreshments and functions Publicity & Advertising Bad Debis Written off Legal fees Independent Examiner's remuneration DepCiatIon 1,416 12.876 34.607 22,975 38.981 1.416 12.876 34.607 22.975 38.981 1,281 25.396 21,365 23.972 32.983 1,048 1,540 12,058 16,693 1,208 1,952 12,822 17,791 930 510 22 637 842 3,240 1,952 12.822 17,791 930 510 22 637 842 3,240 450 (1.619) 6,709 3,150 450 450 150,713 151,163 146,686 In the previous year Church running costs werc £146,686 of which £146,686 was unreslricl¢d. 10 Trustees remunergtion and expenses No Iruslees, nor any persons connected wilh them, have received any rernuneraiion from the charity during the year. St8ff costs The aggregate payroll costs were as follows.. 2024 2023 Staff eost$ during the yeAr were: Wages and salaries Pension costs 24,576 328 40,701 413 24.904 The monthly average number of persons (including senior management / leadership team) employed by the ¢harily during the year expressed as full lirne equivalenis was as follows.. 2024 2023 Average number in year No employee received emoluments of more ihan £60,000 during the year. Page 17
High Cross Church Camberley Notes to the Financial Statements for the Year Ended 31 December 2024 12 Independent examiner's remunerAtion 2024 2023 Examination of the financial siaiements 3,240 3.150 13 Taxatlon The charity is a registered charity and is therefore exempi from taxation. 14 T4Dgible fixed assets Furnlture ind ¢quipmenl To¢81 Cost At l January 2024 Disposals Ai J l December 2024 61.862 695 61.862 61,167 61,167 Depreciation At l January 2024 Charge for the year Eliminated on disposals At 31 December 2024 44,912 450 695) 44,912 450 (695 44,667 44.667 Net book value 16,500 At 31 December 2024 16,500 16,950 At 31 D¢ccmber 2023 16.950 Page 18
High Cross Church Camberley Notes to the Financial Statements for the Year Ended 31 December 2024 15 Fixed asset investments 2024 2023 Other investrnenls 246 957 236.337 Unrestrieted Funds Deslgnated Funds R¢$tricted Total Total Funds 2024 2023 Charities Investment Managers Invesco Investmeni Fund Meihodisl Cash Funds Methodist Invesimenl Funds 94,407 53.907 68,252 94,407 53,907 86,643 12,000 246.957 86,605 47.733 89.999 12,000 236,337 17,532 12,000 29.532 859 216,566 859 Other investments Listed investments Total Cos¢ or Valuation Ai l January 2024 Revaluation Additions 236,337 9,431 236,337 9,431 At 31 December 2024 246,957 246,957 Net book value At 31 December 2024 246.957 246,957 At 31 December 2023 236,337 236.337 16 Debtors 2024 2023 Trade debtor5 Other d¢biors 10,554 7,555 13,924 9,396 18,109 23,320 Page 19
High Cross Church Camberley Notes to the Financial Statements for the Year Ended 31 December 2024 17 CAsh and cash equivalents 2024 2023 Cuent & Deposit Accounts Term Funds and Oiher Deposils 40,929 17,999 58.928 33,809 2S,410 59.219 18 Creditors: Amounts filling due within one year 2024 2023 Other taxation and social sccurity Other credilors Accruals 57 5.581 11,471 17,109 38 6,566 13.077 19,681 19 Funds Balwnce at I Jgnuary 2024 Other Resources recognlged expended gainsl(losses) B4lan¢e At 31 December 2024 Incoming resource5 Unreslricledfunds General 105.960 108,960 211,804 214.804 Unre&lrlcled designaled Community & Mission Funds Minislers Pastoral Fund H¢aiher Wright Building 19,273 5,520 191,773 216,566 20,059 5.520 180.392 340 (1,126) 7,439 (5,490 6,616) 9.432 205,971 9,432 322.526 Totil unrestricted funds Re.ftriciedfunds Baby & Toddler Funds Gladys Dale Bequest Lay Worker Grants Special Collections 314.931 219,583 221,420) 9.432 444 415 739 475 82 15 4.126 (377) (75) (4,126) 2,194 (6,772) 1,214 6,417 859 TotAI funds 316.145 226,000 (228,192) 9.432 323.385 Page 20
High Cross Church Camberley Notes to the Financial Statements for the Year Ended 31 Deeember 2024 Balance at I January 2023 Other recognised 84illsl(losses) Incoming resources Resources expended Balance at 31 Deeember 2023 Unrestricted funds General 119,403 200.987 (211,430) Unr£ftricted designatedfunds Community and Mission Fund Pastoral Fund Heather Wright Designated 108,960 21,166 5.520 165,091 1,206 (2,313) 20.059 5.520 180,392 9,000 {2,994 9,295 191.777 10,206 5,307 9,295 Total unrestricted runds Baby & Toddler Funds Gladys Dale Bequest Lay Worker Grants Special Collections 205,971 311.180 211,193 216.737 9,295 314.931 1,082 475 358 {701) 739 475 4,107 (4.107) 3.504 Restrieted funds 1,557 7,969 (8,312 1,214 Total funds 312,737 219,162 (225.049 9,295 316,145 20 Analysis of net assets between funds Unrestricted funds General Designated Total fund5 at 31 December 2024 Restricted rund5 Tangible fixed assets Fixed asset investments Current assets Current liabilities 16.500 200.066 46.032 77.037 17.109 16,500 246.957 77,037 17.109) 323,385 859 Toial net assets 105,960 216,566 859 Page21
High Cross Church Camberley Notes to the Financial Statements for the Year Ended 31 December 2024 Total funds at 31 Dtcember 2023 Unrestrieted funds General Deslgnated Restricted funds 16.950 236,337 82,539 (19.681) 316,145 Tangible fixed assets Fixed asset investments Current assets CutTent liabilities 16,950 189.021 46,102 82,539 {19,681) 108.960 1.214 1,214 Total net assets 205.971 Page 22