St Peter’s Church Woodmansterne Rectory Lane, Banstead SM7 3NR Registered Charity Number 1150826
Statement of the Final Accounts for the Year Ending 31st December 2024
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 (APCM).
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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 2024
Total receipts for the year were £120,112 (2023 - £102,902) of which £15,065 represented restricted income (including a £10,000 legacy) with total expenditure of £94,549 (2023 - £100,537), of which £1,708 was restricted expenditure. Net income for the year amounted to £25,563 (2023 – £2,365) with a net increase of £13,357 in restricted funds.
As at 31[st] December 2024 the Church had monetary funds of £103,127 (2023 - £77,564) of which £51,640 were restricted funds (2023 - £38,282).
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 collections at Church events where a specific purpose has been identified.
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Donations - Lump sum donations, grants and legacies, 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 Rector in carrying out her duties (phone charges, travel, books etc.) totalled £445.
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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.
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St Peter’s Church Woodmansterne Rectory Lane, Banstead SM7 3NR Registered Charity Number 1150826
Statement of the Final Accounts for the Year Ending 31st December 2024
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 Organ and Choir Church Running Costs Church Maintenance Ministers Expenses Churchyard Expenses Books, Printing and Stationery Bus Stop Café Flowers Children and Young Peoples's Activities 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 |
2024 Unrestricted Designated Restricted Total |
2024 Unrestricted Designated Restricted Total |
|---|---|---|
| 2024 Unrestricted Designated Restricted Total |
2023 | |
| Totals | ||
| 55,000 0 0 55,000 60,000 0 0 734 734 694 10,344 0 0 10,344 15,786 2,970 0 0 2,970 1,477 445 0 0 445 850 800 0 0 800 1,050 539 0 0 539 286 606 0 0 606 804 43 0 0 43 492 0 0 535 535 81 3,339 0 0 3,339 3,181 12,335 0 40 12,375 11,831 1,931 0 200 2,131 1,198 527 0 0 527 508 350 0 0 350 385 |
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| 89,229 0 1,509 90,738 98,623 0 3,612 0 3,612 650 0 0 0 0 344 0 0 0 0 920 0 0 199 199 0 |
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| 0 3,612 199 3,811 1,914 89,229 3,612 1,708 94,549 100,537 |
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| 13,277 -1,071 13,357 25,563 2,365 |
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St Peter’s Church Woodmansterne Rectory Lane, Banstead SM7 3NR Registered Charity Number 1150826
Statement of the Final Accounts for the Year Ending 31st December 2024
Statement of Assets and Liabilities as at 31 December 2024
| 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 |
2024 2023 610,000 610,000 1,520,000 1,520,000 2,130,000 2,130,000 Note 1 103,127 77,564 2,233,127 2,207,564 10,000 4,000 Note 2 2,223,127 2,203,564 |
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Note 1: Ralph Cottage was re-valued at February 2022. The Hall and car park were not re-valued in 2024. 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. £10,000 for the balance of 2023 and the whole of 2024. We have provisions totalling £9,000 for this debt in a combination of Restricted and Designated Funds.
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St Peter’s Church Woodmansterne Rectory Lane, Banstead SM7 3NR Registered Charity Number 1150826
Statement of the Final Accounts for the Year Ending 31st December 2024
| 2025 Proposed Budget 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 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 Children and Young Peoples's Activities Mission and other Charitable Donations Church Hall Running Costs Church Hall Maintenance Ralph Cottage Expenses Ralph Cottage Maintenance Total Normal Payments Special Projects for 2025 Premises Maintenance Projects AV Project East Wall Design and Costing Phase Total Grand total payments Overall excess expenditure over income |
2024 Budget Actual 42,120 42,040 9,606 10,953 823 1,002 5,840 20,841 2,400 2,460 1,400 2,657 1,450 2,186 18,000 18,000 12,764 17,150 4,000 2,783 0 40 98,402 120,112 2024 Budget Actual 55,000 55,000 566 734 22,406 10,344 2,424 2,970 600 445 1,500 800 288 539 804 606 343 43 0 535 3,151 3,339 14,871 12,375 1485 2,131 515 527 0 350 103,954 90,738 2024 Budget Actual 3,900 3,612 0 0 0 199 3,900 3,811 107,854 94,549 9,452 -25,563 |
2025 Budget 42,542 10,531 1,002 25,503 2,488 2,250 2,000 19,800 14,996 1,000 0 |
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| 122,113 2025 Budget 50,000 607 26,200 1,499 1,110 1,092 550 720 0 493 3,575 13,431 500 537 25 |
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| 100,338 2025 Budget 2,940 22,464 10,000 |
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| 35,404 | ||
| 135,742 13,629 |
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St Peter’s Church Woodmansterne Rectory Lane, Banstead SM7 3NR Registered Charity Number 1150826
Statement of the Final Accounts for the Year Ending 31st December 2024
Financial Statements for the Year Ended 31 December2024
| 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 2024 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 2024 Total 2023 Funds Funds Funds £ £ £ £ £ 42,040 0 0 42,040 42,650 4,527 2,416 14,900 21,843 7,370 10,703 125 125 10,953 10,649 |
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| 57,270 2,541 15,025 74,836 60,669 17,150 0 0 17,150 11,764 2,460 0 0 2,460 2,460 2,657 0 0 2,657 1,459 |
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| 22,267 0 0 22,267 15,683 18,000 0 0 18,000 18,000 2,186 0 0 2,186 1,367 |
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| 20,186 0 0 20,186 19,367 2,783 0 0 2,783 7,183 0 0 40 40 0 |
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| 2,783 0 40 2,823 7,183 |
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| 102,506 2,541 15,065 120,112 102,902 |
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St Peter’s Church Woodmansterne Rectory Lane, Banstead SM7 3NR Registered Charity Number 1150826
Statement of the Final Accounts for the Year Ending 31st December 2024
| 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 Children and Young Peoples's Activities 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 2024 Total 2023 Funds Funds Funds £ £ £ £ £ 3,339 0 0 3,339 3,181 |
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| 3,339 0 0 3,339 3,181 877 0 0 877 893 606 0 0 606 804 |
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| 1,483 0 0 1,483 1,697 55,000 0 0 55,000 60,000 445 0 0 445 850 |
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| 55,445 0 0 55,445 60,850 0 0 734 734 694 0 0 535 535 81 539 0 0 539 286 13,357 0 0 13,357 17,755 800 0 0 800 1,050 14,266 0 240 14,506 13,029 |
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| 28,962 0 1,509 30,471 32,895 |
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| 89,229 0 1,509 90,738 98,623 0 3,612 0 3,612 650 0 0 0 0 344 0 0 0 0 920 0 0 199 199 0 |
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| 0 3,612 199 3,811 1,914 |
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| 89,229 3,612 1,708 94,549 100,537 |
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| 13,277 -1,071 13,357 25,563 2,365 |
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St Peter’s Church Woodmansterne Rectory Lane, Banstead SM7 3NR Registered Charity Number 1150826
Statement of the Final Accounts for the Year Ending 31st December 2024
| Financial Statements for the Year Ended 31 December 2024 | Financial Statements for the Year Ended 31 December 2024 | ||||
|---|---|---|---|---|---|
| Further analysis | |||||
| RECEIPTS (£) | Unrestricted | Restricted | Designated | Total 2024 | Total 2023 |
| Funds | Funds | Funds | |||
| Voluntary Income | 57,270 | 2,541 | 15,025 | 74,836 | 60,669 |
| Revenue Generating Activities | 22,267 | 0 | 0 | 22,267 | 15,683 |
| Income from Investments | 20,186 | 0 | 0 | 20,186 | 19,367 |
| Income from Church Activities | 2,783 | 0 | 40 | 2,823 | 7,183 |
| Total Receipts | 102,506 | 2,541 | 15,065 | 120,112 | 102,902 |
| PAYMENTS (£) | |||||
| Church Activities | 3,339 | 0 | 0 | 3,339 | 3,181 |
| Costs of generating funds | 1,483 | 0 | 0 | 1,483 | 1,697 |
| Ministry | 55,445 | 0 | 0 | 55,445 | 60,850 |
| Church Running and Maintenance | 28,962 | 0 | 1,509 | 30,471 | 32,895 |
| Special Projects | 0 | 3,612 | 199 | 3,811 | 1,914 |
| Total Payments | 89,229 | 3,612 | 1,708 | 94,549 | 100,537 |
| Excess income over expenditure | 13,277 | -1,071 | 13,357 | 25,563 | 2,365 |
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St Peter’s Church Woodmansterne Rectory Lane, Banstead SM7 3NR Registered Charity Number 1150826
Statement of the Final Accounts for the Year Ending 31st December 2024
Notes to Financial Statements for the Year Ended 31 December 2024
1. The financial statements of the PCC have been prepared on a Receipts and Payments basis. They are intended to comply with the requirements of the Diocese of Southwark 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 . No new Funds were created in 2024.
Restricted and Designated Funds
| Restricted Funds Children and Young Peoples’s Fund Hall Key Deposits East Wall Fund Clock Repair Fund Hall Shed Fund Church Energy Costs 2022/23 Gwen Steel & Jacky White Projects Fund Organ Maintenance Fund Total Restricted Funds Designated Funds Defibrillator Premises Maintenance Church Electricity provision 2023/24 Total Designated Funds General Fund Total Funds |
Amounts from Changes in 2024 2023 Additions £ Reductions £ Balance £ £ 886.35 700.00 534.64 1,051.71 380.00 40.00 40.00 380.00 23,003.96 0.00 0.00 23,003.96 625.00 0.00 0.00 625.00 288.37 0.00 198.99 89.38 1,000.00 0.00 0.00 1,000.00 7,552.84 14,325.00 200.00 21,677.84 4,545.60 0.00 733.92 3,811.68 |
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| 38,282.12 15,065.00 1,707.55 51,639.57 80.54 0.00 0.00 80.54 3,370.17 2,541.00 3,612.38 2,298.79 3,000.00 5,000.00 0.00 8,000.00 |
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| 6,450.71 7,541.00 3,612.38 10,379.33 |
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| 32,831.63 41,108.33 |
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| 77,564.46 103,127.23 |
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St Peter'5 Church Woodmansterne Rectory Lane. Banstead SM7 3NR Registered Charity Number 1150826 Statement of the Final Accounts for the Year Ending 31st December 2024 Slgned on behalf of the Parochial Church Council {PCCI of St Peterfs Church Woodmansterne by: Alison Elson- Rector and Chair of the PCC Alan Carter-Treasufer C(r Date: Date: 8.s Page 9
St Peter'5 Church Woodmansterne Rectory Lane. Banstead SM7 3NR Registered Charity Number 1150826 Statement of the Final Accounts for the Year Ending 31st December 2024 Indepernlent Examlnerfs report to th• Parochlal Churth CwM11PCC) d St P•t•rfs Clwr¢h. Woodmaftsterrn, Surrey This report on the Accounts of the PCC for the year eTrded 31 December 2024, which are set out on the Pfeceding paoes, Is In respect of an Èxamlnatlon carriÈd out In accordance with the Church Accounts'n8 Regulations 2006 (the re8ulatlons} and seCtn 145 of the Charltles Act 2011 (the Artl. Responslbllltlw and basls ol report As the members of the PCC and trustees, you are responsible for the preparation of the Accounts in ac£ordance with the requlrements of the Charlties Art 2011 (the Act). You mnsider that the audlt requlfements of sec0 14212) of the Charltles Act 2011 do not applv. I report In respect of my examlnation of the PCC'S account5 as required under SertIc 145 of the 2011 Act and carrying wt ex4mination I have followed all the applKable Diiections given by th• Charity CM)mi$5ion under Sert1 145{5)Ibl of the Act. Ind•p•nd•rt •JAffllnrfi st•t•m•rt I have completed rny examinatlon. I confirm that no matters (arne to my attentlon In connection with the examlnatxbn 8ivlni me cause to beli¢tsp that in any material respert: l. Accounting recordj were not kept In resp•ct of the PCC as requlred by Section 130 of kt; or 2. Th•t the acc¢yJnts do not accord wlth those xcounts. or 3. That the accounts do not mplY wfth the appllcable requlfements corrrI1 the form and content of the acctyjnts set out In the Charlties (Accounts arKI Rep(t5) Regulations 2CM)8 other than the requirement that the accounts glve a 'true and falr ¥bl which Is not a matter consldered as part of an Irmlependent examination. I have rbo ¢onorns and have come across no other matters in connertion with the examination to wh attentThi should be drawn In this report in Order to •nable • propèr undéfstanding of th• accounts to bo rEached. Oavld Wheeler FCC4 Cheeld Wheeler & Co Chartered Certihed Accountants Redhill Chambers 2d Hlgh Street Redhill rrey RHI IRJ Dated: Page 10
St Peter’s Church Woodmansterne Rectory Lane, Banstead SM7 3NR Registered Charity Number 1150826
Statement of the Final Accounts for the Year Ending 31st December 2024
Appendix I: List of Names of the Trustees
Name Date of Appointment Date of Resignation Barry Griffith 10[th] January 2013 21[st] April 2024 Nigel Pierce 10[th] January 2013 21[st] April 2024 Susan Knight 6[th] April 2014 Lucinda Ayles 22[nd] April 2018 Lewis White 22[nd] April 2018 21[st] April 2024 Sandra Hopkins 7[th] March 2021 21[st] April 2024 Alan Carter 15[th] September 2020 Sally Frost 23[rd] January 2022 Kate Saunders 23[rd] January 2022 John Wilson 23[rd] January 2022 Rev. Alison Elson 11[th] January 2023 Helen Hadjicharalambous 19[th] September 2023 Kirsty Wyatt 21[st] April 2024
Notes:
Barry Griffith, Nigel Pierce, Lewis White and Sandra Hopkins stood down as Trustees at the APCM on 21[st] April 2024. Sandra continues to serve as PCC Secretary and Barry continues in his role as volunteer Verger.
Kirsty Wyatt was elected to the PCC at the APCM on 21[st] April 2024 and became a Trustee from that date.
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St Peter’s Church Woodmansterne Rectory Lane, Banstead SM7 3NR Registered Charity Number 1150826
Statement of the Final Accounts for the Year Ending 31st December 2024
Appendix II: Bank Account Summary
| CAF No.1 Account CAF No.2 Account CAF No.3 Account |
Opening Balances 01/01/2024 Receipts (including Transfers) Payments (including Transfers) Interest (included in Receipts) Closing Balances to report date 4,743.30 103,538.55 104,548.68 8.28 3,733.17 11,901.39 52,702.60 52,000.00 307.45 12,603.99 60,919.77 29,870.30 4,000.00 1,870.30 86,790.07 |
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| 77,564.46 186,111.45 160,548.68 2,186.03 103,127.23 |
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