# **St. Michael and All Angels, Pirbright** ## **Annual Report and Financial Statements of the Parochial Church Council** for the year ended 31st December 2024 ## **Incumbent:** Reverend George Watkinson ## **Bank:** Lloyds TSB Bank plc PO Box 3, 147 High Street Guildford Surrey, GU1 3AG ## **Independent examiner:** ## **ST MICHAEL AND ALL ANGELS, PIRBRIGHT FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 RECEIPTS AND PAYMENTS ACCOUNT** |**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**| |---|---|---|---|---|---|---| ## **WORKINGS FOR CHURCH RUNNING EXPENSES** |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:_ ______________________ _________________ ## **ST MICHAEL AND ALL ANGELS, PIRBRIGHT FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 STATEMENT OF ASSETS AND LIABILITIES** |_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**| ## **ST MICHAEL AND ALL ANGELS, PIRBRIGHT FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS** - 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). - 3 The movements in designated and restricted funds during the year were: |**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