St Peter’s Church Woodmansterne
Woodmansterne Lane, Woodmansterne, Surrey SM7 3NL
Registered Charity Number 1150826
Statement of the Final Accounts for the Year Ending 31 December 2023
Trustees Report
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The purpose of the charity is to invite and welcome others to "come and see” (John 1.39) who Jesus Christ is.
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A summary of the main activities and achievements of the Charity is contained in the Secretary’s Report to the APCM.
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The Charity is a public benefit entity. Its governing document is the PAROCHIAL CHURCH COUNCIL POWERS MEASURE (1956) AS AMENDED AND CHURCH REPRESENTATION RULES THAT CAME INTO FORCE ON 02 JAN 1957.
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The Trustees have had regard to the Charity Commission’s guidance on public benefit.
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The List of Names of the Trustees is shown in Appendix I.
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Recruitment and appointment of new Trustees occurs through the Annual Parish Church Meeting.
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Except for the Rector, who is employed by the Diocese of Southwark, all the work of the Charity is carried out by volunteers who are members of the Church.
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The policy adopted by the Charity to determine the appropriate level of reserves is as follows;
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a. Consider the level of funds at any one time listed as Restricted and Designated
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b. Review the ongoing commitments for the next three months
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c. Ensure that there are sufficient funds available to meet these commitments having ring fenced those funds in ‘a’ above.
Financial Review of 2023
Total receipts for the year were £102,902 (2022 - £102,805) of which £600 represented restricted income, with total expenditure of £100,537 (2022 - £116,307), of which £3,568 was restricted expenditure.
- Net income for the year amounted to £2,365 (2022 net expenditure £13,502) with a net reduction of £2,968 in restricted funds.
As at 31[st] December 2023 the Church had monetary funds of £77,564 (2022 - £75,200) of which £38,282 were restricted funds (2022 - £41,250).
Explanatory Notes to be read in conjunction with the Accounts
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Regular Giving – comprises plate collections at services, covering both cash and the weekly envelopes scheme. It also includes money received through standing orders and other electronic donations, and donations via the Parish Giving Scheme operated by the Church of England.
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HMRC - Gift Aid recovered on any giving where the giver is known, is a tax payer and has completed the appropriate Declaration. Also includes Gift Aid recovered through the Gift Aid Small Donations Scheme (GASDS) on unidentified cash donations where applicable.
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Mission Collections - Money received for Bible Reading Notes, the Bishop’s Lent Appeal, and collections at Church events where a specific purpose has been identified.
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Donations - Lump sum donations or grants, often given towards a specific project.
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Bus Stop Café (BSC) – income and expenditure from the sale of food and drinks at the weekly cafe.
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Investment Interest – Interest received on our Bank Accounts, see the Bank Account Summary - attached as Appendix II.
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Ralph Cottage Rent – Rental income received from the tenants.
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Minister’s Expenses – expenses paid to the current Rector in carrying out her duties (phone charges, travel and books) totalled £333. Additionally, costs to provide broadband to the Rectory until September (£517) are also included here, in line with previous practice.
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Churchyard expenses – covers general churchyard maintenance costs.
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Mission Giving – includes costs associated with delivering our mission and donations we make to support our Mission Partners.
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Church Hall Running Costs – routine costs associated with the running of the Hall – utilities, cleaning, insurance etc.
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Church Hall Maintenance – costs associated with maintaining the Hall, usually one-off costs as issues arise.
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Ralph Cottage Expenses – routine costs associated with the cottage such as insurance, Gas Safety checks etc.
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Ralph Cottage Maintenance – costs associated with maintaining the cottage, usually one-off costs as issues arise.
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East Wall Design and Costing Phase includes all the costs associated with the on-going technical investigation and design work to propose a solution for stabilising and repairing the structural damage affecting the East Wall.
Page 1
St Peter’s Church Woodmansterne
Woodmansterne Lane, Woodmansterne, Surrey SM7 3NL Registered Charity Number 1150826
Statement of the Final Accounts for the Year Ending 31 December 2023
Receipts and Payments Account
| Receipts Regular Giving Excluding Gift Aid HMRC Gift Aid (inc. GA via PGS) Mission Collections Donations and Grants Bus Stop Café Fund-raising activities Investment Interest Ralph Cottage Rent Hall Hire Weddings and Funerals Hall key deposits Total Receipts Payments Parish Support Fund Children and Family Minister (CFM) Organ and Choir Church Running Costs Church Maintenance Ministers Expenses Churchyard Expenses Books, Printing and Stationery Bus Stop Café Flowers Messy Church Mission Giving Church Hall Running Costs Church Hall Maintenance Ralph Cottage Expenses Ralph Cottage Maintenance Total Normal Payments Special Projects Premises Maintenance Defibrillator East Wall Design and Costing Phase Hall Shed project Totals Total Payments Excess income over expenditure |
2023 Unrestricted Designated Restricted Total |
2022 |
|---|---|---|
| Totals | ||
| 42,650 0 0 42,650 41,066 10,349 0 300 10,649 10,547 1,500 0 0 1,500 213 5,570 0 300 5,870 18,921 2,460 0 0 2,460 1,666 1,459 0 0 1,459 2,476 1,367 0 0 1,367 270 18,000 0 0 18,000 16,200 11,764 0 0 11,764 8,687 7,183 0 0 7,183 2,739 0 0 0 0 20 |
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| 102,302 0 600 102,902 102,805 |
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| 2023 Unrestricted Designated Restricted Total |
2022 | |
| Totals | ||
| 60,000 0 0 60,000 60,000 - - - - 10,839 127 0 567 694 3,392 13,786 0 2,000 15,786 11,624 1,477 0 0 1,477 - 850 0 0 850 728 1,050 0 0 1,050 1,750 286 0 0 286 758 804 0 0 804 671 492 0 0 492 504 0 0 81 81 20 3,181 0 0 3,181 306 11,831 0 0 11,831 8,759 1,198 0 0 1,198 2,039 508 0 0 508 967 385 0 0 385 3,698 |
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| 95,975 0 2,648 98,623 106,055 0 650 0 650 528 0 344 0 344 45 0 0 920 920 7,326 0 0 0 0 2,353 |
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| 0 994 920 1,914 10,252 95,975 994 3,568 100,537 116,307 |
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| 6,327 -994 -2,968 2,365 -13,502 |
Page 2
St Peter’s Church Woodmansterne Woodmansterne Lane, Woodmansterne, Surrey SM7 3NL Registered Charity Number 1150826
Statement of the Final Accounts for the Year Ending 31 December 2023
Statement of Assets and Liabilities as at 31 December 2023
| Tangible Fixed Assets Ralph Cottage Church Hall and car park Current Assets Cash in bank – CAF Accounts Total assets Liabilities falling due within one year Total Assets less Current Liabilities |
2023 2022 610,000 610,000 1,520,000 1,520,000 2,130,000 2,130,000 Note 1 77,564 75,200 2,207,564 2,205,200 4,000 0 Note 2 2,203,564 2,205,200 |
|---|---|
Note 1: Ralph Cottage was re-valued at February 2022. The Hall and car park were not re-valued in 2023. Note 2: We are currently in dispute with our electricity supplier regarding a metering configuration error. As a result, we have not been billed for Church electricity consumption since April 2023. Once resolved, we expect a charge of circa. £4,000 for the balance of 2023. We have provision for this amount in a combination of Restricted and Designated Funds.
Signed on behalf of the Parochial Church Council (PCC) of St Peter’s Church Woodmansterne by:
Alison Elson – Rector and Chair of the PCC
Alan Carter – Treasurer
Page 3
St Peter’s Church Woodmansterne
Woodmansterne Lane, Woodmansterne, Surrey SM7 3NL Registered Charity Number 1150826
Statement of the Final Accounts for the Year Ending 31 December 2023
| 2024 Proposed Budget Receipts Regular Giving Excluding Gift Aid HMRC Gift Aid Mission Collections Donations and Grants Bus Stop Café Fund-raising activities Investment Interest Ralph Cottage Rent Church Hall Lettings Weddings and Funerals Hall key deposits Total Receipts Payments Parish Support Fund Organ and Choir Church Running Costs Church Maintenance Minister's Expenses Churchyard Expenses Books, Printing and Stationery Bus Stop Café Flowers Messy Church Mission and other Charitable Donations Church Hall Running Costs Church Hall Maintenance Ralph Cottage Expenses Ralph Cottage Maintenance Total Normal Payments Special Projects for 2024 Premises Maintenance Projects Defibrillator East Wall Design and Costing Phase Total Grand total payments Overall excess expenditure over income |
2023 Budget Actual 41,486 42,650 9,458 10,649 630 1,500 6,934 5,870 1,816 2,460 2,000 1,459 400 1,367 18,000 18,000 8,832 11,764 1,000 7,183 0 0 90,555 102,902 2023 Budget Actual 60,000 60,000 526 694 19,663 15,786 500 1,477 1,033 850 1,500 1,050 752 286 682 804 777 492 60 81 2,986 3,181 12,482 11,831 390 1,198 460 508 185 385 101,996 98,623 2023 Budget Actual 0 650 0 344 1,675 920 1,675 1,914 103,671 100,537 13,115 -2,365 |
2024 Budget 42,120 9,606 823 5,840 2,400 1,400 1,450 18,000 12,764 4,000 0 |
|---|---|---|
| 98,402 2024 Budget 55,000 566 22,406 2,424 600 1,500 288 804 343 0 3,151 14,871 1,485 515 0 |
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| 103,954 2024 Budget 3,900 0 0 |
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| 3,900 | ||
| 107,854 9,452 |
Note: Due to the expected deficit in 2024, capital projects will only be funded to the extent available from the relevant Restricted or Designated Funds.
Page 4
St Peter’s Church Woodmansterne
Woodmansterne Lane, Woodmansterne, Surrey SM7 3NL
Registered Charity Number 1150826
Statement of the Final Accounts for the Year Ending 31 December 2023
Financial Statements for the Year Ended 31 December 2023
| Analysis of Receipts and Payments RECEIPTS Voluntary Income Regular Giving-includes SO’s and PGS All other giving Gift aid recovered Revenue Generating Activities Hall Lettings Bus Stop Café 2023 Fund-raising activities Income from Investments Ralph Cottage Rent Interest Income from Church Activities Weddings and Funerals Hall key deposits Total Receipts |
Unrestricted Designated Restricted Total 2023 Total 2022 Funds Funds Funds £ £ £ £ £ 42,650 0 0 42,650 41,066 7,070 0 300 7,370 19,134 10,349 0 300 10,649 10,547 |
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| 60,069 0 600 60,669 70,747 11,764 0 0 11,764 8,687 2,460 0 0 2,460 1,666 1,459 0 0 1,459 2,476 |
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| 15,682 0 0 15,682 12,829 18,000 0 0 18,000 16,200 1,367 0 0 1,367 270 |
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| 19,367 0 0 19,367 16,470 7,183 0 0 7,183 2,739 0 0 0 0 20 |
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| 7,183 0 0 7,183 2,759 |
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| 102,302 0 600 102,902 102,805 |
Page 5
St Peter’s Church Woodmansterne
Woodmansterne Lane, Woodmansterne, Surrey SM7 3NL
Registered Charity Number 1150826
Statement of the Final Accounts for the Year Ending 31 December 2023
| Analysis of Receipts and Payments PAYMENTS Church Activities Mission giving and donations Costs of generating funds Ralph Cottage Costs (Includes maintenance) Bus Stop Café Costs Ministry Parish Support Fund Clergy and staffing costs Church Running and Maintenance Organist and Choir Messy Church Printing and Stationery Church running costs Churchyard Hall running costs (Includes maintenance) Total Normal Payments Special Projects Premises Maintenance Defibrillator East Wall Design and Costing Phase Hall Shed project Overall Total Payments Excess income over expenditure |
Unrestricted Designated Restricted Total 2023 Total 2022 Funds Funds Funds £ £ £ £ £ 3,181 0 0 3,181 306 |
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| 3,181 0 0 3,181 306 893 0 0 893 4,665 804 0 0 804 671 |
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| 1,697 0 0 1,697 5,336 60,000 0 0 60,000 60,000 850 0 0 850 11,567 |
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| 60,850 0 0 60,850 71,567 127 0 567 694 3,392 0 0 81 81 20 286 0 0 286 758 15,755 0 2,000 17,755 12,128 1,050 0 0 1,050 1,750 13,028 0 0 13,028 10,798 |
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| 30,247 0 2,648 32,895 28,846 |
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| 95,975 0 2,648 98,623 106,055 0 650 0 650 528 0 344 0 344 45 0 0 920 920 7,326 0 0 0 0 2,353 |
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| 0 994 920 1,914 10,252 |
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| 95,975 994 3,568 100,537 116,307 |
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| 6,327 -994 -2,968 2,365 -13,502 |
Page 6
St Peter’s Church Woodmansterne
Woodmansterne Lane, Woodmansterne, Surrey SM7 3NL Registered Charity Number 1150826
Statement of the Final Accounts for the Year Ending 31 December 2023
| Financial Statements for the Year Ended 31 December 2023 | Financial Statements for the Year Ended 31 December 2023 | ||||
|---|---|---|---|---|---|
| Further analysis | |||||
| RECEIPTS (£) | Unrestricted | Designated | Restricted | Total 2023 | Total 2022 |
| Funds | Funds | Funds | |||
| Voluntary Income | 60,069 | 0 | 600 | 60,669 | 70,747 |
| Revenue Generating Activities | 15,682 | 0 | 0 | 15,682 | 12,829 |
| Income from Investments | 19,367 | 0 | 0 | 19,367 | 16,470 |
| Income from Church Activities | 7,184 | 0 | 0 | 7,184 | 2,759 |
| Total Receipts | 102,302 | 0 | 600 | 102,902 | 102,805 |
| PAYMENTS (£) | |||||
| Church Activities | 3,181 | 0 | 0 | 3,181 | 306 |
| Costs of generating funds | 1,697 | 0 | 0 | 1,697 | 5,336 |
| Ministry | 60,850 | 0 | 0 | 60,850 | 71,567 |
| Church Running and Maintenance | 30,247 | 0 | 2,648 | 32,895 | 28,846 |
| Special Projects | 0 | 994 | 920 | 1,914 | 10,252 |
| Total Payments | 95,975 | 994 | 3,568 | 100,537 | 116,307 |
| Excess income over expenditure | 6,327 | -994 | -2,968 | 2,365 | -13,502 |
Page 7
St Peter’s Church Woodmansterne Woodmansterne Lane, Woodmansterne, Surrey SM7 3NL Registered Charity Number 1150826
Statement of the Final Accounts for the Year Ending 31 December 2023
Notes to Financial Statements for the Year Ended 31 December 2023
1. The financial statement of the PCC has been prepared in accordance with the Handbook of the Association of Church Accountants and Treasurers April 2017 on a Receipts and Payments basis. They also comply with the requirements of the Diocese and the Charities Commission.
2. Fixed assets retained for the church are the freehold of Ralph Cottage, Rectory Lane, Woodmansterne, and the Church Hall at their current estimated value.
3. Funds: General Funds represent the funds of the PCC that are not subject to any restrictions regarding their use. Restricted and Designated funds are held for specific projects as instructed, usually by the donor (Restricted) or as agreed by the PCC (Designated). The amounts, fund titles and movements in the funds are set out below.
4 . The only new fund created in 2023 was the ‘Church Electricity provision 2023’. This is a Designated Fund set up to hold amounts the PCC has agreed to put aside from accumulated reserves (General Funds) to cover some of our liability for electricity consumed during 2023 but not yet billed. See Note 2 on Page 3.
Restricted and Designated Funds
| Restricted Funds Messy Church Hall Key Deposits East Wall Fund Clock Repair Fund Hall Shed Fund Church Energy Costs 2022/23 Gwen Steel Projects Fund Organ maintenance - Legacy Total Restricted Funds Designated Defibrillator Premises Maintenance Church Electricity provision 2023 Total Designated Funds General Fund Total Funds |
Amounts from Changes in 2023 2022 Additions Reductions Balance 968 0 81 886 380 0 0 380 23,924 0 920 23,004 625 0 0 625 288 0 0 288 2,400 600 2,000 1,000 7,553 0 0 7,553 5,112 0 566 4,546 |
|---|---|
| 41,250 600 3,568 38,282 425 0 344 81 4,020 0 650 3,370 0 3,000 0 3,000 |
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| 4,445 3,000 994 6,451 |
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| 29,505 32,832 |
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| 75,200 77,564 |
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St Peter’s Church Woodmansterne Woodmansterne Lane, Woodmansterne, Surrey SM7 3NL Registered Charity Number 1150826 Statement of the Final Accounts for the Year Ending 31 December 2023
Signed on behalf of the Parochial Church Council (PCC) of St Peter’s Church Woodmansterne by: Alison Elson – Rector and Chair of the PCC Alan Carter – Treasurer
Page 9
St Petérfs Church Woodmansternè Woodmansterne Lane, Woodmanstèrné, Surréy SM7 3NL Registered Charity Number 1150826 Statement of the Final Accounts for the Year Ending 31 December 2023 Independent Examlnerfs report to the Parochlal Churth Councll IPCC) of St Peterfs Clwr¢h, Woodmansterne, Surrey This reporl on the Accounts of the PCC for the year ended 31H Oecember 2023. which are set out on the preceding pages, is in respect of an examination carried out in accordance wlih the Church Accounting Re8ulalions 2006 (the reEulations} and Sectlon 145 of the Charltles Act 2011 (the Act). Resp(>n5ibilitles and basis of report A5 the members of the PCC and trustees. you ore spOnSible lor the preparatlon of the Accounts Sn accordance wlth the requlrement5 of the Charilies Art 2011 (the Act}- You consider that the audit requirernents of Section 142121 of the Charities Act 2011 do not apply. I report in respect of my examlnatlon of the PCC5 accounts as required under Sectlon 145 of ihe 2011 Act nd in carryin8 Out the examlnatlon I have followed all the applicable Oireclions glven by the Charlty CoMmisOn under Section 14515llbl of the Art. Independent examinerf5 Statemenl I have completed my exarnlnation. I conflrm that no matters came to my attention In ¢onTheciion with the examiTration 8iving me cause to belleve that in any rnaterial respect: l. Accountlng records were not kept In respect of the PCC as required by 5ectlon 130 of the Act: or 2. That the accounts do not accord with those accounts,. or 3. That the a¢¢ounls do not comply with the applicable requirements concerning the form and contefit of the accounts set out In the Charities (Accouftts and Reports) Re8ulations 2008 other than the requirement that the accounts give a 'tTue and fair view. which is ntx a matter considered as part of an independent examination. I have no concerns and have come acr055 no other matlers In tonnection with the examination to which attention should be drawn In this report in (yder to enable a proper under5tandin8 of the atcounts to be weached, LJL David Wheeler FCCA Cbeeld Wheeler & Co Chartered Certlfled Accountants Redhill Chambers 2d Hi8h Street Redhlll Surrev RHI IRJ Page 10
St Peter’s Church Woodmansterne Woodmansterne Lane, Woodmansterne, Surrey SM7 3NL Registered Charity Number 1150826 Statement of the Final Accounts for the Year Ending 31 December 2023
Appendix I: List of Names of the Trustees
| Name | Date of Appointment | Date of Resignation |
|---|---|---|
| Barry Griffith | 10thJanuary 2013 | |
| Simon Haysom | 10thJanuary 2013 | 23rdApril 2023 |
| Nigel Pierce | 10thJanuary 2013 | |
| Susan Knight | 6thApril 2014 | |
| Lucinda Ayles | 22ndApril 2018 | |
| Lewis White | 22ndApril 2018 | |
| Sandra Hopkins | 7thMarch 2021 | |
| Alan Carter | 15thSeptember 2020 | |
| Sally Frost | 23rdJanuary 2022 | |
| Kate Saunders | 23rdJanuary 2022 | |
| John Wilson | 23rdJanuary 2022 | |
| Rev. Alison Elson | 11thJanuary 2023 | |
| Helen Hadjicharalambous | 19thSeptember 2023 |
Notes:
Simon Haysom resigned as a Trustee and Church Warden at the APCM on 23[rd] April 2023.
Helen Hadjicharalambous was co-opted to the PCC at their meeting on 16[th] May 2023 and became a Trustee on 19[th] September 2023.
Page 11
St Peter’s Church Woodmansterne Woodmansterne Lane, Woodmansterne, Surrey SM7 3NL Registered Charity Number 1150826
Statement of the Final Accounts for the Year Ending 31 December 2023
Appendix II: Bank Account Summary
| CAF No.1 Account CAF No.2 Account CAF No.3 Account |
Opening Balances 01/01/2023 Receipts (including Transfers) Payments (including Transfers) Interest (included in Receipts) Closing Balances to 31/12/23 2,732.45 102,548.05 100,537.20 9.49 4,743.30 14,669.81 43,231.58 46,000.00 235.84 11,901.39 57,797.86 19,121.91 16,000.00 1,121.91 60,919.77 |
|---|---|
| 75,200.12 164,901.54 162,537.20 1,367.24 77,564.46 |
Reconciliation 2023
| CAF No.1 Account CAF No.2 Account CAF No.3 Account |
Opening Balances 01/01/23 Transfers In Receipts (excluding transfers) Transfers Out Payments (excluding transfers) Closing Balances 31/12/23 2,732.45 62,000.00 40,548.05 0.00 100,537.20 4,743.30 14,669.81 0.00 43,231.58 46,000.00 0.00 11,901.39 57,797.86 0.00 19,121.91 16,000.00 0.00 60,919.77 |
|---|---|
| 75,200.12 62,000.00 102,901.54 62,000.00 100,537.20 77,564.46 |
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