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St. Michael and All Angels, Pirbright

Annual Report and Financial Statements of the Parochial Church Council

for the year ended 31st December 2024

Reverend George Watkinson

Lloyds TSB Bank plc PO Box 3, 147 High Street Guildford Surrey, GU1 3AG

Receipts Voluntary receipts Planned giving Collections at services All other giving / voluntary receipts Gift Aid recovered Activities for generating funds Investment income Church activities Total Receipts Payments Church activities Parish Share Clergy and staffing costs Church running expenses Mission giving and donations Cost of generating funds Governance costs Other costs Total Payments Excess/(Deficit) of Receipts over Payments Transfers between funds Net movements in funds Opening cash and investments at 1st January 2024 Closing cash and investments at 31st December 2024	Unrestricted Funds £ 53,208 4,972 8,634 5,722 72,536 19,802 3,989 7,111 103,438 43,976 21,285 43,646 2,040 110,947 12,026 0 0 122,973 (19,535) 0 (19,535) 124,054 159,954	Unrestricted Designated Funds £ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0	Restricted Funds £ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0	Endowment Funds £ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0	Total 2024 £ 53,208 4,972 8,634 5,722 72,536 19,802 3,989 7,111 103,438 43,976 21,285 43,646 2,040 110,947 12,026 0 0 122,973 (19,535) 0 (19,535) 124,054 159,954	Total 2023 £ 40,414 6,350 9,065 12,002 67,831 19,860 3,444 6,430 97,565 48,963 4,371 28,047 75 81,456 1,262 280 0 82,998 14,567 0 14,567 112,829 124,054

Church running expenses Church maintenance and repairs Upkeep of services Expenditure on parish newsletter Upkeep of churchyard Roundings (make total exp agree to report	Unres Desig Total 2023 6,525 6,525 13,322 21,053 0 21,053 4,945 10,583 10,583 5,614 0 0 930 5,485 0 5,485 3,236 ) 43,646 0 43,646 28,047

Approved by the Parochial Church Council on and signed on its behalf by:

Cash Funds Bank accounts CBF Deposit Fund Total Investment Assets CBF Investment Fund (note 2) Other investments Total Total cash and investments Assets retained for Church use Organ Other Monetary Assets Income Tax Recoverable on Donations Total Liabilities Invoices related to current period paid in next period Total	2024 £ 81,887 25,000 106,887 53,067 0 53,067 159,954 84,450 0 0 0 0	2023 £ 84,831 25,000
		109,831
		51,879 0
		51,879

		161,710
		84,450
		0
		0
		0
		0

1 The financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts and Payments basis.

2 The value of the CBF Investment Fund at 31 December 2024 was £78,067 (2023: £70,709).

Balance B/fwd £ Altar Frontal Fund 428 Bell Tower Fund 2,202 Church Maintenance and Improvement Fund 4,731 Churchyard Maintenance Fund 742 David Pearce Memorial 500 Jubilee 731 Lady Chapel Refurbishment and Redecoration Fund 4,857 Mission and Outreach Fund 3,399 Perinews 0 Ron Douglas Memorial Fund 94 Total 17,684	Incoming Resources £ 0	Outgoing Resources £ 0	Transfers £ 0 0 0 0 0 0 0 0 0 0 0	Balance C/fwd £ 428 2,202 4,731 742 500 731 4,857 3,399 0 94 17,684

4 The following assets are recognised but not valued in the Statement of Assets and Liabilities:
Moveable Church furnishings held by the Church Wardens on special trust for the PCC which require a faculty for disposal - Land and Buildings held on behalf of the PCC
Other fixtures, fittings and office equipment where the PCC is free to dispose of such assets without faculty and where the original cost exceeded £1,000
Legacies where formal notification of entitlement and amount has been made
5 The following liabilities are recognised in the Statement of Assets and Liabilities:
Any loans or overdrafts advanced to the PCC
Any arrears of Diocesan Quota or Parish Share
Creditors for goods or services where the supply has been received and invoiced by the year end