**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** 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 (APCM). 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 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** 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 collections at Church events where a specific purpose has been identified. 4. Donations - Lump sum donations, grants and legacies, 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 Rector in carrying out her duties (phone charges, travel, books etc.) totalled £445. 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 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|| ||**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|| ||**0**
**3,612**
**199**
**3,811**
**1,914**
**89,229**
**3,612**
**1,708**
**94,549**
**100,537**|| ||**13,277**
**-1,071**
**13,357**
**25,563**
**2,365**|| Page 2 **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**| |---|---| 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. Page 3 **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| |---|---|---| |||**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| |||**100,338**
**2025**
**Budget**
2,940
22,464
10,000| |||**35,404**| |||**135,742**
**13,629**| Page 4 **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| |---|---| ||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| ||22,267
0
0
22,267
15,683
18,000
0
0
18,000
18,000
2,186
0
0
2,186
1,367| ||20,186
0
0
20,186
19,367
2,783
0
0
2,783
7,183
0
0
40
40
0| ||2,783
0
40
2,823
7,183| ||**102,506**
**2,541**
**15,065**
**120,112**
**102,902**| Page 5 **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| |---|---| ||3,339
0
0
3,339
3,181
877
0
0
877
893
606
0
0
606
804| ||1,483
0
0
1,483
1,697
55,000
0
0
55,000
60,000
445
0
0
445
850| ||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| ||28,962
0
1,509
30,471
32,895| ||**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| ||0
3,612
199
3,811
1,914| ||**89,229**
**3,612**
**1,708**
**94,549**
**100,537**| ||**13,277**
**-1,071**
**13,357**
**25,563**
**2,365**| Page 6 **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**| Page 7 **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| |---|---| ||**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| ||**6,450.71**
**7,541.00**
**3,612.38**
**10,379.33**| ||**32,831.63**
**41,108.33**| ||**77,564.46**
**103,127.23**| Page 8 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 seCt￿n 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 sec￿0￿ 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 cor￿rrI1￿ 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 ¥b￿l 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. Page 11 **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| |---|---| ||77,564.46
186,111.45
160,548.68
2,186.03
103,127.23| Page 12