**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** 1. The purpose of the charity is to invite and welcome others to "come and see” (John 1.39) who Jesus Christ is. 2. A summary of the main activities and achievements of the Charity is contained in the Secretary’s Report to the APCM. 3. 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. 4. The Trustees have had regard to the Charity Commission’s guidance on public benefit. 5. The List of Names of the Trustees is shown in Appendix I. 6. Recruitment and appointment of new Trustees occurs through the Annual Parish Church Meeting. 7. 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. 8. The policy adopted by the Charity to determine the appropriate level of reserves is as follows; - a. Consider the level of funds at any one time listed as Restricted and Designated - b. Review the ongoing commitments for the next three months - 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** 1. 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. 2. 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. 3. 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. 4. Donations - Lump sum donations or grants, often given towards a specific project. 5. Bus Stop Café (BSC) – income and expenditure from the sale of food and drinks at the weekly cafe. 6. Investment Interest – Interest received on our Bank Accounts, see the Bank Account Summary - attached as Appendix II. 7. Ralph Cottage Rent – Rental income received from the tenants. 8. 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. 9. Churchyard expenses – covers general churchyard maintenance costs. 10. Mission Giving – includes costs associated with delivering our mission and donations we make to support our Mission Partners. 11. Church Hall Running Costs – routine costs associated with the running of the Hall – utilities, cleaning, insurance etc. 12. Church Hall Maintenance – costs associated with maintaining the Hall, usually one-off costs as issues arise. 13. Ralph Cottage Expenses – routine costs associated with the cottage such as insurance, Gas Safety checks etc. 14. Ralph Cottage Maintenance – costs associated with maintaining the cottage, usually one-off costs as issues arise. 15. 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|| ||**102,302**
**0**
**600**
**102,902**
**102,805**|| ||**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|| ||**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|| ||**0**
**994**
**920**
**1,914**
**10,252**
**95,975**
**994**
**3,568**
**100,537**
**116,307**|| ||**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| |||**103,954**
**2024**
**Budget**
3,900
0
0| |||**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| |---|---| ||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| ||15,682
0
0
15,682
12,829
18,000
0
0
18,000
16,200
1,367
0
0
1,367
270| ||19,367
0
0
19,367
16,470
7,183
0
0
7,183
2,739
0
0
0
0
20| ||7,183
0
0
7,183
2,759| ||**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| |---|---| ||3,181
0
0
3,181
306
893
0
0
893
4,665
804
0
0
804
671| ||1,697
0
0
1,697
5,336
60,000
0
0
60,000
60,000
850
0
0
850
11,567| ||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| ||30,247
0
2,648
32,895
28,846| ||**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| ||0
994
920
1,914
10,252| ||**95,975**
**994**
**3,568**
**100,537**
**116,307**| ||**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| ||**4,445**
**3,000**
**994**
**6,451**| ||**29,505**
**32,832**| ||**75,200**
**77,564**| Page 8 **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 CoMmis￿On 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| Page 12