Treasurer’s Report 2024 Accounts
The Tower Appeal was launched towards the end of 2022 and the prospect of raising just over a quarter of a million pounds seemed a very daunting prospect. Thanks to several grants, numerous fundraising events, a large donation from the Friends of St Nicholas and the support and generosity of the congregation and the wider community, the target was reached and the Appeal closed in May 2024 when the final invoice for the building work was paid.
In October, we held a stewardship campaign asking people to consider whether they were able to increase their giving and encouraging those not already doing so, to become regular givers. There was a very positive response from existing donors and regular monthly giving has increased. However, there are very few new regular givers which is disappointing. We are of course, grateful for all contributions but being able to rely on a monthly income is important for budgeting purposes.
We also joined the Parish Giving Scheme in October. The scheme administers Regular Giving and claims the Gift Aid on behalf of the parish at no cost to ourselves. We hope that donors will transfer to the scheme as it will reduce the parish workload.
The PCC agreed to increase our contribution to the Diocesan Common Fund by £5,000 in 2025 so we will be paying £57,000. The Parish Standard Cost set by the Diocese for 2025 is £99,980. This covers clergy salaries, pensions & housing: clergy training & development: services & support for parishes. The PCC regrets that our current financial situation does not allow us to cover more of that cost.
We thank everyone who makes a financial contribution to our church and trust that we can count on your continued support.
Managing the finances is a team effort and my thanks go to Fiona, Hilary, Joan, Nicky and Jeremy who count and bank cash or keep the stewardship records or submit the Gift Aid claims. They have done this ever since I became treasurer 10 years ago and I am so grateful for their support.
Kathy Hodge
PCC Treasurer
April 2024
(Registered Charity No. 1138021)
St. Nicholas Church Shepperton Financial Statements for the Year Ended 31 December 2024
Receipts and Payments Account
| 2023 2023 2023 General Restricted Designated £ £ £ 46,336 - - 6,318 - - 3,823 20,399 - 5,603 33,236 - - 35,000 - - 69,750 - - - - 400 358 447 5,228 - - 3,850 - - - 17,301 - 38 - - - 5,000 500 - - 17,972 71,596 181,044 18,919 52,000 - - 8246 - - 3,290 - - 776 - - 2,478 - - - 50 - 9,782 152 - 2,692 - - 6,336 - - 20 1,135 - 180 - 1200 500 - - - - 5,000 - 247,415 - - - 18,937 - - - - - - 86,300 248,752 25,137 -14,704 -67,708 -6,218 -2,880 394 |
2024 2024 2024 General Restricted Designated Receipts £ £ £ Stewardship 46,841 - - Collections 7,030 - - Donations 3,585 10,712 28 Tax Recovered 18,320 11,912 272 Loan received - - - Grants received - 47,260 - Legacies - - 16,985 Interest and Income from property - 92 562 Fees 4,875 - Income from trading and advertising 1,685 - - (Shepperton News and engraved plaques) Fundraising 4,384 2,103 - Flowers - - - Other incoming resources - - 500 Parish Centre income - - 18,348 TOTAL 86,720 72,079 36,695 Payments Diocesan Fund 52,000 - - Salaries 8,346 - - Organists' Fees 3,470 - - Clergy and Rectory expenses 853 - - Ministry 2,407 - - Flowers - - - Running expenses 11,358 244 - Utility bills 3,192 - - Cost of trading and advertising 1,274 - - (Shepperton News and engraved plaques) Cost of fundraising 425 325 - Outward giving 932 - 1,200 Transfer to Rectory Maintenance fund 500 - - Transfer to Fabric Fund - - - Repairs, Alterations and Maintenance 299 9,967 - Parish Centre expenditure - - 22,631 Loan repayment - 35,000 - Loan Interest - 526 - TOTAL 85,056 46,062 23,831 Deficit/Surplus 1,664 26,017 12,864 Net loss/profit from Shepperton News 80 Net revenue from supplying plaques 331 |
|---|---|
St. Nicholas Church Shepperton (Registered Charity Number 1138021) Statement of Assets and Liabilities as at 31 December 2024
| Cash Funds Barclays Current Account Barclays Saver Account (1) Barclays Saver Account (2) NatWest Current Account NatWest Deposit Account Petty Cash Total Funds Represented by: General Fund Opening balance Excess of receipts over payments Closing balance Restricted Funds Opening Balance Excess of receipts over payments Closing balance Designated Funds Opening balance Excess of receipts over payments Closing balance TOTAL FUNDS |
£ 21,284 19,011 40,608 5,015 6,700 124 92,742 £ £ 1,710 1,664 3,374 -14,944 26,017 11,073 65,431 12,864 78,295 92,742 |
|---|---|
Rev. Carole George Rector
John Child Kathy Hodge Churchwarden PCC Treasurer
Summary of Restricted/Designated Funds for the Year Ended 31 December 2024
| £ | £ | ||
|---|---|---|---|
| ALMA | Designated-Fabric | ||
| Balance at 1st January 2024 | 1,654 | Balance at 1st January 2024 | 2,725 |
| Interest | 15 | Receipts | 17,286 |
| Balance at 31 December 2024 | 1,669 | Interest | 170 |
| Balance at 31/12/2024 | 20,181 | ||
| Churchyard Balance at 1st January 2024 Payments Interest |
1,308 -475 7 |
Designated-Maintain Rectory Balance at 1st January 2024 Receipts |
2,198 500 |
| Balance at 31 December 2024 | 840 | Interest | 23 |
| Balance at 31/12/2024 | 2,721 | ||
| Organ and Music Balance at 1st January 2024 Payments Interest |
7,101 -244 58 |
Designated-Mission & Ministry Balance at 1st January 2024 44,509 Payments -1,200 |
|
| Balance at 31 December 2024 | 6,915 | Interest | 369 |
| Balance at 31/12/ 2024 | 43,678 | ||
| Tower and Restoration Fund Balance at 1st January 2024 Receipts Payments Interest |
-25,544 71,123 -45,344 2 |
Designated-Parish Centre Balance at 1st January 2024 Receipts Payments |
15,998 18,348 -22,631 |
| Balance at 31 December 2024 | 237 | Balance at 31/12/2024 | 11,715 |
| Bereavement Café Balance at 1st January 2024 Receipts Interest |
200 400 5 |
RESTRICTED FUNDS DESIGNATED FUNDS |
11,073 78,295 |
| Balance at 31 December 2024 | 605 | 89,368 | |
| Little Fishes Baby & Toddler Group Balance at 1st January 2024 Receipts Interest |
338 302 5 |
||
| Balance at 31 December 2024 | 645 | ||
| Flowers Receipts |
162 | ||
| Balance at 31 December 2024 | 162 |
Outward Giving for the year ended 31 December 2024
General Fund
| General Fund | |
|---|---|
| Plan International - advances children's rights around the world | 180 |
| Foodbank | 752 |
| Designated Funds | |
| Faith Awareness in Children | 1,200 |
| Special Collections | |
| Lent Appeal: | |
| Toilet Twinning | 180 |
| Foodbank | 248 |
| Christingle: | |
| Children's Society | 90 |
| Carol Service: | |
| Foodbank | 290 |
| Donation from Breakfast Club: | |
| Crisis | 175 |
Independent examiner’s report to the trustees of St Nicholas Church, Shepperton
I report to the trustees on my examination of the accounts of the St Nicholas Church, Shepperton for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity trustees of the St Nicholas Church, Shepperton 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 St Nicholas Church, Shepperton accounts carried out under section 145 of the 2011 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
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the St Nicholas Church, Shepperton as required by section 130 of the Act; or
-
the accounts do not accord with those records.
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.
Signed:
Name: Heather Powell
Relevant professional qualification or membership of professional bodies : Fellow of the Institute of Chartered Accountants in England and Wales
Address: Avon Lodge, Station Approach, Shepperton
Date: 6/4/2025