Parish of Merstham
PCC report
and financial statements
11
for theyear ended 31 December 2022
e Parochlal Church Council of the Eccle5iaStical Parish of Merstham
Charity No. 1139490

CONTENTS
Page
PCC report
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
Notes to the financial statements
10-19

Parish of Merstham
Annuol Reportforyet7rended31 December2022
(i)
PCC report
The members of the PCC present their annual rew)rt and financial statements of the Parish of Merstham for the
year ended 31 December 2022. The financial ststements have been prepared in accordance with the accounting
policies set out in Not¢ I to the accounts and comply with the governing d￿uMentS Charities Act 2011 and
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing
their accounts in accordanc¢ with the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland
(FRS 102).
Objectives and Activities
The primary object of the PCC is to promote the Gospel of the IA)rd Jesus Christ according to the doctrines and
practices of the Church of England. The PCC is tssked with ￿￿operntlng with the minister to promote the whole
mission of the Church" pastoral. evan8¢listi¢, social and ecumenical within the Parish.
As a Parish Church within the Church of England's Diocese of SouthwArk. Si Katharine's Church exists for the
benefit of the wider communÉty as well as for those who fonn part of the week-by-week worshipping community.
With this in rnind our activities have bcen a combination of those for the worshipping communtty IOBether with
others aimed at the wider community through pastoral ¢are. or missionary and outreach.
In ord¢r to accomplish thcsc objectives. it is imrK)rtant that we mainlain the fabric of the church buildings.
The members of the PCC have complied with thc duty in Section 4 of the 2006 Charities Act io have due regard
to guidance published by Ihe Charity Commission, including public benefit guidance.
The Parish
The parish of Merstham is in the Diocese of SouthwATk and is within Rei8ate Deanery. The parish is part of the
Merstham and Gatton Team Ministy under the ternis of a P&%toral S¢h¢rne pursuant to the P&stornl Measure 1983
made by the Church Commissioners on 29 March 2010 and which came into effect on l April 2010.
Following th¢ closure of th¢ Church of the Epiphany in January 2015. th¢ parish has only one place of worship..
the Parish Church is St Katharine, on Church Hill, Merstham. RHI 3BJ.
Merstham & Gatton Team Ministry is Composed of the parishes of Merstham (St Katharine). Gatton (Si Andrew),
and South Merstham (All Saints). There is 8 Team Council which has reP￿SentativeS from the three parishes. il
meets up to four times per year and reports ba¢k io the Tespective PCCS.
2022 Cler&v• Readers and Cburehwardens:
Team Reetor
Revd Mark Pullinger
The Rectory, Battlebridge Lane, Merstham, RHI 3LH
Revd Pullinger left ihe Team th ihe endofociober. reiiring lo ihe Isle of Wigh¢
Honorary Curate
R¢vd Val Williams
Merstham IA)d8e. Harps Oak Lane, Merstham, RH13AN
Revd Williamspassedawoy in Oaober
R¢adcrs
Mrs Kirsty Anderson (Mrs Al￿￿rSOn movedio live in.Ycafland in Sepiember)
Mrs Christiana Agwuegbo
ChurchwardeDS
Mrs Kirsty Anderson (resignedat the 2022 APCAI)
Mr Simon Beirne
Mr Chris Green the 2022 APCM)

Parish of Merstham
Annuol Reportfor yeorended 31 December2022
{2)
Achievements and Performance
Worship and prayer
Within the parish the PCC aims to off¢r a variety of services during ihe week and throughout the year to Cater for
different groups within the community. These rdngc from organised services such as our regular Sunday w0￿h]p,
including l.loly Communion. to less forn)al and less structured me¢tin8s such as study groups and prayer meetings.
1.he Parish provides a range of regular and extrn festival and se&8onal services ovw the course of the year that our
ommunity has found trrf)th beneficial and spirityally fulfillin& ond regularly provides hospitality for special Team
Services.
Regular Service Palt¢rn
Following the departure of Revd Ben Brown in September 2021, the usual sen4iC¢ Pottern changed. The fit3t
Sunday would be Morning Worship. nornially led by one of our Readers. the second Sunday would sometimes
be a ¢ommunion service led by Revd Williams. if she were well enough to attend and lead the service (she had
been suffering from Motor Neurone Disease for some time). otherwise Morning Worship. On the third Sunday
Revd Mark Pullinger would come to St Katharine and delivera communion service. The Sunday in the Iiionth
was a Tearn g¢rvice at All Saints. In those months with five Sundays, the fourth Sunday would again be a service
of Mornin8 Worship.
This service pattern h&5 needed io change followin8 the departure of our Reader Kirsty Anderson, the death of
Revd Williams and thc rctir¢m¢nt of Revd Pullinger l¢avin8 the parish with only one Reader. Services arc
currently being led by the congregation outside of the times when the Reader, or visiting clergy. can officiate.
Oeeasional Offices
During 2022, two baptisms and three weddings were celebrated in ihe church.
Two funeral services were held in the church, A￿ludIng of Val Williams in (k¢ober' and twelve crem8tions
for residenls of the parish took place at local Crematoria.
Electorv41 Roll and Church Attendance Report
In December 2022 theTe were 36 electoral members on the roll. The Electoral Roll will next be due for revision
in April 2023.
Pvdstoral C2re
Th¢ Mer5tham Estate is an area where there are extensive plan5 for regeneralion. and it is deemed a 'priority area.
by Surrey County Council due lo Icvcls of depriv8tion in p(xkets of the estate. The Team Ministry and the PCC
continue to engage with both Surrey and R¢i8ate and Banstead Councils and the Diocese with regard to the plaiis
for further development in the area.
The Pastoral Ministy Group ha5 ceased to meet with the departure of Revd Pullinger.
St Katharine's Church R(K)m is us¢d for various activities. including PCC meetings The Church Room is also
booked by non-church groups, both for occ&sional events and regular weekly hires. After-service coffee on
Sundays is nornally provided within th¢ church &$ it is felt more inclusive. The walk to the chU￿h Room. whilst
not long, has always created a separdtion for the wngregation.
The Women's Support Group is a closed group, now in its twenty-fourth year. It nornlally meets on Thursday
mornings at All Saints, South Merstham. The group is led by a member of St Katharine's congregation who is a
relired Occupational Therapist who worked in mental health. The group provides opportunities to discuss personal
issues in a confidential and mutually suptthive environment and to develop self-awar¢ness.

Parish of Merstham
Annuol Reportfvryeor ended 31 December2022
(3)
Safeguarding Report
The church implement5 the "Safe Church. DI(￿¢$an policy. A copy of the wTrlicy is displayed in the church porch
and a copy is also kept in the vestry. Regular updates are inserted into the policy and where appropriate mernbers
of the PCC are strongly encourdged to attend the Safeguarding and Vulnerable adults training provided by the
Dio¢¢s¢. Regular newsletters are sha)rd with PCC and Junior church leaders. All DBS checks are up to date or
being renewed. We are grateful for the work of Mr Simon Beirne and Mrs Maggie Kippen, our Safeguarding
officers who generously share their overview with St Andrew, Gatton.
Mission and Outreach
'I'he 'feam Ministy endeavours to provide infomiation and communication to parishioners and the general publi
by several means.
Thc Messenger. the parish magazine for Merstham and Gatton. is produc¢d monthly online, with a v¢ry few paper
copies distributed to those unable to access the intern¢t. It contains infornlation reganling chur¢h-associated events
held within the Team Ministry. together with general local services and charitylaltrntive events held within thc
wider community.
The website for the T¢am Ministy is at www.m8knchurches.org.uk and provides delails of church servi¢¢s and
activities as well as infomiation ab)ut weddings marriages and funerals aT)d how to make contsct with parish
staff.
Inforniation is also displayed on notice boaTds at the church and published in a weekly news-$h¢et,
The once-regular Quality Street Fair. and St Katharine's Supper in the Church Room, were reinstated in 2022.
Quality Street Fair has now become a predominantly comrnunity-l¢d. rather than church-led, evenl, and in 2022
Ihe dale was moved from July to September.
Ecumenieal relationships
The churches continue to be involved in ecurnenical a¢tivitie5 a5 part of the Churches Togelher in Mersiham
group and would usually hold joint aclivili¢q such as the World Day of Prayer. l£nt Groups and Leni l.unches,
Good Friday Walk of Withess. and Carol singing at Christm&s. Some of thes¢ have still not resumed post-covid.
However, the weekly e¢um¢nirAI prnyer meeting has been able to continu4 on¢e again in person, at the
Community Hub.
FAbric
Amongst other duties. the PCC i.s ￿spOnSible for the maintenance of our buildings, which include the histori¢
church of St Katharine (Merstham Parish Chureh) arml St Katharine's chU￿h Room. The l&st Quinquennial
InspeLtion was carried out in March 2018 by Thomas Ford & Partners. The architect's conclusion was that the
church was well looked after by the PCC and significant repairs had been undertaken in the last ten years; although
a number of repair issues remain these do not reflect poor care or rnanag¢m¢nt on the part of the Parish.
Fundraising events
Thc only fundraising event held in 2022 was Quality Street Fair (see aknve). The PCC are grateful for the
8¢n¢rous donations by congregation and non-congregation members which are not tied to specific fundraising
events.
The Deanery Synod
The Deanery Synod 15 the link between th¢ parishes and the Di(Kese. Merstham Parish is part of Reigate Deanery
SyniKI and is represented by Jill Ciunn and Judith Hanson. Thc Synod not only provides a link with the governance
Structures of the Church of England in the Dioccsc and natsonally but also provides a link for the PCC to rais¢
matters at a Deanery level and p)lentially higher.

Parish of Merstham
Annuql ReportJoryear ended 31 December2022
(4)
Financial Review
The net mov¢m¢nt in funds across 2022 w&s a reduction ofjust under £31k. This was driven by three significant
movements. Firstly, the PCC continued to pursue ihe building of an extension to St Katharine's to include a
meetin8 room. kitchen and toil￿S OD Site. This has E*en a long terni aim and whilst no decision was fornially
taken in 2022 c£74k of expendi￿re was incurred on professional fees and pre-building work. A d¢¢ision has been
taken by the PCC in 2023, tKyst the 2022 Balance Sheet date. to contract for the building work to be und¢rtaken
in 2023. Sccondly, there was a large reduction in the value of investments held by the PCC of c£69k. This
r¢flected the valu¢ of the Church of F.ngland Investment Fund. Thirdly. a large one-off donation of £1 Ook was
received from a donor who wishes lo remain anonymous.
Excluding the large movemenls in funds above. the remainder of the funds show a surplus of ¢£12k of income
over expendilure including our Parish Pledge of £24k being paid in full.
Reserves Policy
It is the policy of th¢ PCC io seek to maintsin oJJequate, but not excessiv¢. reserves which arc to be used for the
specific purwses for which they a￿ identified. Cash not anticipated to ￿ 4)ent in the short term is invested with
the CBF Chur¢h of England Deposit Fund.
Plans for the Future
Although work to demolish th¢ Victorian vestries on th¢ north side of the churrh. and rep18ce them with &n
extension which will incorporate a new vestry, meeting ar¢a and toilets, was expe¢t¢d to start 81 Easter furthcr
delays in a¢quirin8 the necessary perniissions delayed the projecl until 2023. One side-effe¢l of thi5 delay has
been that prices have incr¢as¢d wnsidernbly over the ori8inal estimate. It is now expected that work will
commet)cc early in March 2023 following the aLbthorisalion by ihe PCC to contract for the work.
The PCC aims to recruit and appoint a new ReC￿r in 2023 following Mark Pullin8¢r's retirement.
Other Information
There have b¢en no transactions between the PCC and related p8rties (as defined by the Charities Act 2011 and
the Charities SORP) nor has the PCC identified any major risks (other than the availability of continued fundin
a topic of continued consideration by the PCC) which impact the work of th¢ Church in the Parish.
A significant change during the year has been the departure of the Team Rector. Revd Mark Pulling¢r. The PCC
will look to fill ihe vacancy but there are at le&8t six other parishe5 within the Deanery in a similar position, so
this situation is likely to continu¢ for some time. If and when a new Team Rector is appointed, we are unlikely to
have the Ixncfit of any other clergy.
Structure, Governance and Management
Governing Documents
The Governing DocuTnents relating to the operdtion of the PCC ar¢..
The Parochial Church Councils (Powers) Measure 1956 as amended
The Church Representation Rules (contained in Schedule 3 to the Synodic&l Government Measure
1969 as amended with the 2009 Ststutory Instrumeni and the 2009 upjate to the Code of
R￿0MMended Practice to the Pastordl Me&sure 1983)
Membership of the PCC
The Parochial Church Council (PCC) is a corw)rate I￿Y esthblished by the Church of England. Member5 of the
PCC, who also Tru5tee5 for the purwses of charity law. are etther elected by the Annual Parochial Church
Meeting in strict accordance with the chU￿h Representation Rules or ￿rve as ex officio members. The PCC can
also exercise its right to c(wpt rncmbers as it deems fit.
During the year the Council receivtyj regular reports on the following topics, amongst other matt¢rs.'
Finance
Team Council
Fabric and Churchyard
Mission and Outreach projects
Deanery Synod
Safe Church Policy
The PCC usually meets each alternate month. txwing 2022 severnl meetings were held online via Zwm.

Parish of Merstham
AnnuolReportAoryeor ended31 December 2022
(5)
PCC membership following the 2022 APCM
Er OffKio Members:
Revd P Mark Pullinger
Mrs Kitsty Anderson
Mrs Christiana Agwuegbo
Mr Simon Beirne
Mr Chris Green
Mrs Jill Gunn
Mrs Judith Hanson
Team R￿tor (to October 2022)
Reader (io September 2022)
Reader
Churchwarden (from April 2016)
Churchwarden (from May 2022)
tkanery Synod Representstive
Dean¢ry Synod Reprcscntative
Elected Members:
Mr Daniel Hopcroft
Mrs Libby Green
Mr John Turner
(from 2018)
(from 2020)
(from 2020)
(from 2021)
Mrs Glynis B¢azley
(from 2022)
The following left the PCC during th¢ year.
Revd Mark Pullinger
moved io the Isle of Wight
Mrs Kirsty Anderson
moved to Scotland
Since the departure of Revd Pulling¢r. PCC meetings have been chaired by Simon Beirne, the Deputy Chair.
Mr Robert Prentice
PCC Secretary
Mrs Ann Beirne
28 Har¢stone Hill, Caterham, Surrey, CR3 6DG
Independent Fxaminer
Alison Sargent FCA Sargent & Co.
219 Croydon Road, Catcrharn, SuTrey, CR3 6PH
Bankers
The Central Board of Finance of the Church of England: Cheapside, Lmdon. EC2Y 5AQ
Charities Aid Foundation
Natwest Bank Ltd.: Station Road. R¢dhill, RH I IQN
Correspondencc
All correspondence should be sent to the PCC Secretary: 28 Harestone Hill, Catetham. Surrey, CR3 6DG
Registered Charity Number
The Parochial Chur¢h Council ofthe Ec¢lesiastical Parish of Merstham IMersth8m PCC) is a charsty registsred
with the Charity Commission under re8istration numkr 1139490.
Safeguarding Offieerg
Mrs Margaret Kippen. Mr Simon Beirne
Standing Committee
The Standing Committee 15 the only committee required by law. It exists to transact the business of the PCC
between meetings and may constrnct the agenda for meetings of the PCC.

Parish of Merstham
AnnuolReportforyeorended 31 December2022
{6)
Team Council
This was set up at the creation of the Team Ministry. It consists of the clergy. churchwardens and secretsries from
across tht churches. Durin8 2022 it has not Tnct. Its purpose is to share news and sustain an overview of Team
life. help determine what activities may be achieved better across the lea￿ (e.g.various training). and support one
another particularly in the mission and outreach of the Team churches.
Other Sub-committees
An 'Extension sub-group. was formed to oversee the prowrss of the Extension proj￿ with a mandate to report
and to bring points of decision to the PCC.
Statement of Parochial Church Council Responsibilities
Charity LAW requires the Parochial Church Council to prepare financial statements for each financial year, which
give a true and fair view of the state of affairs of the Church and of ils financial activities for that peri(xl.
In pr¢parin¥ those financial ststrments the Parochial ChU￿h Council is required to:
select suitable aco)untin8 policies and then apply them ¢onsistently'
observe the methods and principles in the applicable Charities SORP.
mak¢ judgements and estimates ihot are re&son8ble and prudenL
stale wh¢ther applieablc accounting standords have been followed, subject to any material
departures that must b¢ disclosed and explained in the financial statements.
prepare the financial st8iements on an ongoing concern basis unless it is inappropriate to
presume that the church will continue in business.
The Parochial Church Council is yeS￿nSible for keeping proper accounting records that disclose with reasonable
accuracy at any lim¢ the financial ￿SitIon of the Church and enables PCC members to ensure that the financial
stat¢ments comply with regulations made under the Church Accounting Regulations 2006. 11 is also responsible
for safeguarding the assets of the Church ond hence for taking reasonable s¢¢ps for the prevention and detection
of fraud and other irregularities.
Approved by the Parochial Chureh Council and signed on its behalf by
Simon Beime (Churchwarden)
Chris Green (Churchwarden)
Date= 13 April 2023

Parish of Merstham
AnnualReportforyeor ended3J December 2022
(7)
Independent Examiner's Report to the Members of the PCC of the Parish of Merstham
I report to the members of the Parochial Church Council (PCC), being the Charity's trustees, on my examination
of the accounts of th¢ charity for the year ended 31 D￿ernber 2022 which are ￿t out on pages 8 to 19.
Responsibilities and Basis of Report
As members of the PCC you are r¢spons7ble for the preparation of the accounts in a¢cordance with the
requirements of th¢ Chariti¢s Act 2011 ('the Act.).
I report in reSp￿t of my examination of the charity's accounis carried out under section 145 of the Act and in
carying out my examination I have followed 811 the applicable Dir¢¢tions given by the Charity Commission
under section 145(5Kb) of the Aet.
Independent Examiner's Ststement
I have completed my examination. I confimi that no rnat¢rial matters have come to my attcntion in connection
with the examination giving me cause to believe that in any material resp￿1..
accounting records were not keo in respect of the charity as required by sKtion 130 of the Act. or
2. the accounts do not a￿rd with those records; or
the accounts do not comply with the applicable r¢quirem¢nts concerning the forn) and content of accounts
set out in the Charities (Accounts and Reports) Tegulations 2008 other than any requirement that the
accounts give a 'true and fair view, which is not a matter considered &s part of an iiidependent
¢xamination
I have no concerns and have come across no oth¢r matt¢TS in connection with the examination lo which attention
should be drawn in this report in order to enable a proper understanding of the a¢¢ounts to be reached.
Alison Sargent FCA
Sargent and Co
Chartered Accountants
219 Croydon Road
Caterham
SU￿eY
CR3 6PH
Date:
April 2023

Parish of Merstham
AnnualReportloryeorended31 December2022
(8)
Statement of Activilies for the Year Ended 31Yt December 2022
Unre5tr*ted
fund5
Endowment
fvnd5
Total funds
2022
Total
lund5 2021
funds
Voluntary income
A£tlvltles for8eneratin8
funds
21al
130,222
1,737
131,958
31,913
21bl
3.765
3,765
355
Income from Investments
21cl
11.488
3,887
15.376
8,779
Church activltl•s
21dl
6.369
3,240
Total Incomlni r•soyrus
151.844
5.624
157,468
44.286
FundialsinB costs
31bl
305
305
Church activStlts
111,682
6,162
Ji7.844
42,CXJ6
Govèrnance costs
31cl
1.620
1,620
1,490
Total resour¢•s •xpended
113.6C6
6.162
119,768
43,496
Net Incom• b•lt)r•
tran$l•rs
38.238
15381
37,7
790
Grosstransfers b￿weeTh fvnds
Net Incorne lexpenm) Ind net mo¥eTr*nt Inlunth
befvre qolnj ondlosses ttn ithtstments
38,238
15381
37.7
790
Net Galn on disposal of fixed a5Stts
Net investment gains
Ilossesl
837,833
38.628
68,5861
42.797
Net movemtftt In funds
8.280
538
38.628
30,8861
881,420
Reconclllwtlon
fun
Total funds broughtforward
5J16
58.453
329.611
1.293.981
412,561
Total funds carrled forward
914.196
57,915
29).984
1,263.095
1,293,981
Th¢ notrs on pages 10 to 19 forni part of these accounts

Parish of Merstham
Annuol Reportforyear ended31 December 2022
(9)
Balance Sheet as at 31$1 Deeember 2022
Total fwKis
Total funds
2021
Flxed as*ts
Tanglble assets
24.750
24.750
Investments
Mrs Puck￿'S bequest
71al
0.606
147,944
Expendable endowment
71bl
160.357
181,649
Other
71cl
225.639
255,594
Tot•1 fixed assets
$4V52
Current
assets
Debtors
6,222
Cash at bank aMI In hand
719.423
725.645
685.594
Llabllltlts
Credltors
due In I yèar
13.9021
11,5511
Net current assets
72L743
684,043
Totil n•t *M•ts
1263m5
U93.981
Partsh fvnds
unrestrkted
12
914.196
9)5.916
restricted
io
57,915
58,453
endowment
li
329,612
Tot•1 fvnds
1263.095
i.Z93.981
The accounts were approved by the PCC on 13 April 2023 and sigtied on behalf of the F£C by
Js @QQ7
Chris Gr¢¢n-
huYchward¢n
Simon Beirne- Churchwarden

Parish of Merstham
Annuul Rel￿￿r yetirended31 Decefflber2022
(io)
Notes to the Aecounts for the Year Ended 31Jt Deeember 2022
Accounting Policies
(a) Basis of Preparntion
The accounts have been prepared under the current Church Accounting ReBulation5 and in accordance with the
Statement of Recommended Prartice.. Accounting and Reporting by Char¢tie5 preparin8 their accounts in accordance
with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS1021 (effective l January
20191 Icharities SORP IFRS10211 and the Financial Reporting Standard applicable in the United Kingdom and
Republic of Ireland IFR510213nd the Charities Act 2011.
The accounts have been prepared on a goin8 concern basls on the grounds that no matertal uncertalnties exlsi and
under the historlcal cost conventlon modified to include Certain items at fair value as stated In the relevant note5 to
the accounts. The accounts are presented irh SterllnB arhd rounded to the nearest £.
The Church constitutes a public benefit entity as defined by FRSIO2.
(b) Income Recognition
All Income 15 recognlsed onee the Church has enthlement to the income, It is probable that the Income will be
recelved and the amount of Income receivable can be measured reliablv.
The Income of the Church includes income from Church èctivtties, donatlons. 8rants. known legacies and lettlng
income for Church premises.
All incoming resources have been recognised on a receivable basls except for voluntary donations and income from
Investments which is accounted for when received.
Legacy 4Sfts are recorded on a case-by-¢ase bas15 followlng the grantin8 of probate when the admSnistratorlexecutor
of the estate has communlcated In writin8 both the amount and settlement date.
(c) Expenditure Recognition
Uabllities are reco8nised as expenditure as soon as there Is a legal or construrttve obli8atlot) cornmltting the Charltv
to that expenditure. It is probably that settlement will be required and the amount of the obli8ation can be
measured reli¥blv.
All expenditure Is accounted for on an accruals basis.
Expenditure Is dlrectly attrlbutable to variou5 Church activities and has been included In the relevant cost
categories.
FundraislnB costs cornprlse the costs associated vthh any fvndraising event.
(d) Tangible Fixed A&8ets
The Church silver ha5 been includeil at market value based on an independent valuation report In a prevlous year.
Under the PCCS (Powers) Measure 1956, all PCCS are trustees of income and expenditure but not nece55arlly of
assets. so that any expenditure whethef maintenance or improvement, incurred on consecTated or benefice
buildings or rnoveable church ffttings. 15 written off as expendrture durin8 the year.

Parish of Merstham
Annut71 Reportfvryearended 31 December2022
(e) Investment Fixed Assets
Investments are a form of basic financial instrument and are initially recogni5ed at thelr transattion value and
subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The
Statement ol Financial Actfvities includes the net 8ains and losses arisin8 on revaluation and disposals throughout the
year.
(fj Debtors and Creditors Receivable/Payable Within One Year
Debtor5 and creditors receivable or payable within one year are recorded at transèrtion price. Any losses arisSn8 from
impairment are recogni5ed in expenditure.
(g) Cash at Bank and In Hand
Cash at bank and in hand Includes cash and shon-temi h￿hlY liquld assets with a short-term rnaturity of three months or
less from the date of acquisition or openin8 of the deposit or simllar account.
(h) Realised Gains and Losses
All 8ains and losses are taken to the Statement of Flnancial Activities as they arLse. Realised galns and losse5 on
investments are Calculated as the difference between sale proceeds and their openln8 carryin8 value or their pur¢hase
value if acquired subsequent to the first day of the flnancial year. Unrealised gains and IossÈ5 arè calculated a5 the
diffeience between the fair value at the year end and their carryin8 value. Realised and unrealised investment gain5 and
losses are combined in the Statement of Financial Activities.
(i) Funds
Permanent endowment fvnds a￿ funds which have been 8lven to the Parish of Mersth•m in trust with the restrlction
that the funds are invested to 8enerate income for specifi¢ Church activities.
Expendable endowments are those fvnds whlch are mainly to be used as permanent endowments but the caprtal can
a150 be used for the purposes of the Church In certain clr¢umstances.
Restricted funds relate to income which is made available to the Parish of Merstham for specific purposes and whl¢h
must be used solely for those purposes. The aim and use of the restricted fund is set out in the note5 to the financlal
statements.
Unrestricted funds relate to the income whlch is available to meet the general oblertives of the Parish of Merstham.
General funds are unrestricted funds which are available for use at the discretion of the Members of the PCC in the
furtherance of the general objectives of the Church and which have not been designated for other purposes.
Designated funds Comprise unrestricted fijnds that have been set aside by the members of the PCC for partlcular
purposes. The aim and use of the desi8nated hjnds are Set out in the notes to the financial statements.

Parish of Merstham
Annual Reportfvryeurended31 December2022
(12)
2. Incoming Resources
Tot•1
fund5
T¢>tal
funds
2021
Unreslrlrt
lunds
Note5
2a Voluntary In¢ome
fund5
Gfft Alij donations
21.623
i.oio
22.633
23,204
IrKomè recovered
5.549
253
5.802
5,427
NoTrGIftAid donation5
1.267
320
1.587
1,777
Grants
Legacles
IOJ.L
Outward GlvlD8 collections
108
Sundry income
154
538
1.397
130.222
1.737
131,958
31,913
2b A¢llvltl•sf4r yn•rntlwfvndJ
Quallty Street Fair
3.663
3.663
Other Ipartshl lundraising
102
102
355
3.765
3,76S
355
2c
Incom• Irom Irhv¢stments
UK dfvldends and Invt5tment
11.488
3,887
15,376
8,779
2d In¢ome from church artmt
Church RoomlHall lets
3,739
3.739
1,249
Parlsh magazlne
35
35
Fees for sefvlces
2.595
2,595
1,991
6,369
3.240
Total In¢omlng Resources
151,844
S.624
157,468
44,286

Parish of Merstham
AnnuolReportAoryear ended31 December 2022
(13)
3. Resources Expended
Note
Endowmenl
nd5
Totsl funds
2022
Totsl fvnds
2021
fund5
lund5
31al
Churth
Diocesan Pèrlsh share
24,(
24.CfQ
27,(XXI
Reigate Deanery
oiher mlnlstrywsts
1,078
Grants and donatlons
Outward Givin8 payments
Ico
Church ronnSng & maifflenance
8.393
12,433
8.077
Church Room & Hall costs
i.(￿1
1,601
Musk & Or8anlsts
I,￿5
I,S¥)5
Junlor Church I Sunthy Club
Ov6an maintenance
624
624
276
Parl$h magazlne costs
56
Churchyard upkèèp
19
958
977
Cost ol ser¥kes
450
450
275
Mlsslon Fund
Sundry expenses
1.305
1.305
1,176
New bulhl leKien5ionl
74.195
74.195
1,644
111.682
6.162
117,844
42,Lk)6
31bl
Costs of genera￿￿ fund5
FundrdlSi￿ events
305
305
305
Gov•rI￿nt4 costs
¢ountsn¢y fees-
Independent Examlnatlon
1,620
1,620
1,490
1.620
1.620
1,490
Totsl resources exwnded
i￿.£4)6
6.162
119,768
43,496

Parish of Merstham
AnnualReportforyearended31 December2022
(14)
4. Gains/Losses on Investment Assets
Toul
Total fvnd5
2021
fvnd$
funts
funds
2022
Realised Gain on sale of Ep4ph3nv
Htsuse
837,833
Reallsed galn Ilossl on sale of
investmerst$
Prolit Ilossl on revaluation of
Permanent Endowment
117.3381
117,3381
18.598
Proflt Il¢wl on revaluatlon of
Investments
29,958
21.289
151.2481
24,199
Total g•lns11091¢51 on Investment
4S5ets
129.9581
138.6281
168,5861
880.630
5. Staff Costs
2022
2021
lal Wages and Salarles
Wage5 pald to I Indlvldual l¢lean•rl
242
No payments to staff were lar8e enough to warrant Soclal Security costs. The salary. pension and housin8 costs of
Stipendlary CleT8y are paid by the Olocese from the Olocesan Parlsh share, whlch Is Included In total resource5
expended on Church activities note 3 (all.
Ibl Payments to PCC Members
During the year no payments were made to PCC Members other than the reirnbursement of agreed expenditure, all
of whlch Is Included In the accounts.
The PCC mernbers nerther received nor watved any remuneration for thelr seThlces durlng the year as trvstees12021-

Parish of Merstham
Annuol Reportfvryeurended31 December2022
(15)
6. Tangible Fixed Assets
Cost
Sil¥erware
Totsl
As at l January 2022
24.750
24,750
Dispo$81
At 31 Decembef 2022
24.750
24,750
DlmSnutlon kn value
At l January 2022
Di5POsal
Dlmlnutlon In value durlngthe year
At 31 December 2022
Net Book Value
At 31 December 2022
24.7
24,750
24,750
At 31 December 2021
24.750
The Parish owns several items of h￿toriC silver which We￿ valued In Novernber 2{￿)7 at £24,750. The members of the
PCC are not aware of any materlal changes to thls valuation.

Parish of Merstham
AnnuolReportfor yeorended31 December2022
(16)
7. Fixed Asset Investments
2022
20ZI
lal Mr5 p￿kIe'S bequest
C8F Investment Fund sha￿5
Market v¥lue at start of year
147,944
129.346
Unrealised investment galn I Ik)ssl
117.3381
18,598
Marketvalue at end of year
130.606
147,9M
The hlstorlc cost of the listed imie5tment was
46.375
Dlwdendsfrom thlsfvndorepoid into the Fobrlc Fundlu RestrKtedfvndJ
46.375
Ibl Exp¢ndable endowment Investment
C8F Investment Fund Income shares
Market valu• at start of year
Addblk)ns
DisF*)sals
181.649
159.129
Unreallsed Snvestment aaln/1kn5$1
121292
22,520
Market value at end of yeor
160.3S7
181,649
The hlstorlc cost ot thls irwe5tmert wa$
67,897
Dlvldendslrom thlslundorepoldlnto the GenerOlF4K￿{#Tr Unrestrlrtedfvndj
67.897
Icl Other Invtrtm•nts
Llsted InvestmeThts- UK
frAarket value at start of year
Unrealised iThvestment gain I Ih)ssl
Market value at end of year
18
13
21
IB
Thls An¥estmentreJers to RoyolBonk 015c0tlondthoresr￿1￿05 o donot
CBF Investrnent Fund IrKorr* shares
Market value at start of year
255,576
13.903
Additio
240,C
Di5P05a
Uniealised Investment 8ain Ilossl
129.9581
1,673
Market value at end of year
225.618
255,576
The hi5torKC05t tsf this investhient was
250,(
250.C#XS

Parish of Merstham
Artnuol Reportfvryeorended 31 December2022
(17)
8. Debtors
2022
2021
Due wlthln one year
Tax recoverable lun￿strirtedI
Tax recoverab￿ IrestrSctedl
othe¢ debtors
826
2S3
72
421
Total Debtors
6.222
9. Creditors
2022
2021
Amounts fallln{due wjthln one ye•r
Accrua15 lor utilitle5 and other cos15 lunre5trictedl
Other credltors lunre5trlctedl
Sargent &Co
oiher Credltots (re￿rI￿ed)
466
1.550
1.551
Total CredStors
3,9)2
1.551
10. Restricted Funds
l¥nc• •t
Ir￿￿￿1
ljanuary 2022 resour￿ Evpendlture
BalarKe •t
Tr•n51er$ 31 Ile¢ember 2022
Fabr1¢ Fund
9,453
5,624
5.538
9,539
SSfverware
24,750
24,750
Or8an Fund
19,on
624
18,448
Mlsslon Fund
5,178
5.178
58,453
5.624
6.162
57,915
The Organ Fund Is a ￿StrICted fund to be used Sole￿ for the renovation and maintenance of the or8an in St Katharine's
Church.
The MSsslon Fund Is a restricted fvnd for prornoting the missbon of the Church wlthln the Parish of Merstham.

Parish of Merstham
Annuul Reportforyeorended31 December2022
(18)
11. Endowment Fund
lante at
l ja￿ary
2022
BaLqnce at
31 D•¢ember
2022
I￿ornI
Transfers or
Irts 1110s5e5
re
Mrs Puckle'$ bequest
147.944
117,3381
0.6LIS
Expendable Endowrnent
181,649
121,2921
160.357
Other
18
21
329,612
138.6281
290.984
The Endowment Funds of the Parish of Mer5tham Consist of both permanent endowment fund5 and expendable
endowment funds and consist of the following..
Mrs. Puckle's Bequest is a perrnanent endowment. Thls gffted trust fund is managed by the Diocesan Trust. Although the
PCC has no authority to reallse this investment the irbcome from It Is available to the Fabric Fund.
The expet)dable endowment was originally created from the Sale of the ver8erfs cottage, which belonged to the PCC.
The funds from the sale of the ver8erf5 cotta8e, tO8ether with a donation, were used to Purchase a freehold property
in Mansfield Drlve, Merstham. This property was subsequently sold in 2CQ4. The PCC have the authorlty to use the
expendable endowment and investment income for Church runnin8 expenses, fabric expenditure and expenditure
related to the Mission.
The other fund is a block of Royal Bank of Scotland shares received as a donation. The shares are held by the Dlocese but
the income, whlch Is unrestrirted and undesignated. Comes to thè Parish.
12. Unrestricted Fund
Balance at
l J•nu•ry
2022
Balance at
31 De¢¢mbe
2022
Irthnl
Trdnsf•rsor
Ins 1119$￿)
General funds
255.916
151,8M
39,411
1214.9581
153.391
Desl8Trated funds
650.Q
74.195
I85.(￿
7K),805
s￿15.916
151.844
I13.￿6
129.9581
914,196
The Designated Funds shown above are for the purpose of constructing and fumishin8 the planneil eytension to the
north of the church. together with improvements to the heating and lighting within the church. It is anticipated that the
total cost of the planned extension may well exceed the value of the designated funds and it will be nece55ary for some
of the General Fund, or the Expendable Endowment to be used to meet the full cost.

Parish of Merstham
Annuol Reportfvryet7rended31 December2022
(19)
13. Analysis of Net Assets Between Funds
Unrestricted
Totsl fvnd5
2022
fvnd$
fvnds
TaThwble fixed a55ets
24.750
24.750
Investment fixed assets
22S.618
2￿,984
S16,602
Net Current assets
688.578
33,165
721.743
914.196
57J15
1263,095
14. Post Balance Sheet Events
The PCC gave aLrthorization on 16 January 2023 for the commencement of work to replate the current vestrle5 and
replace it with a building that will house a meeting area, a small kitchen, and toilets as well as a new vestry. The value of
thls contract is £703K plus VAT and professlonal fees. however. the PCC wlll alm to redalm the VAT from the L15ted Places
of Worship Grant Scheme.
The contractor appointed to yndertske the work Èntered Adminlstratlon on 6 Aprll 2023 wlth the work at an early
stage. The consultants advislng the PCC wlll seek alternatlve contractors to complete the changes. At the date of thls
report signin8 the PCC are not yet aware of any changes to the construction cost. but are mindful that both the current
anticlpated c05t and timefrawne may change and are plannln8 a¢cordSnBIv.
1 S. Related Parties
There were no rel￿ed paty transactions between any PCC member or other peM)n relaiejj to the charity and the charity
other than donation$ bein8 mad¢ without ¢ondition.