St Peter's churc Chertsey . Report and Financial Statements for the year ended 31 December 2024 St Peter's Parochial Church Council Report and Financial Statements Year Ending 31 December 2024 Page 1 of 13
St Peter's Church, Chertsey . Report and Finallcial Statements for the year ended 31 December 2024 Aims and Purposes St. Peterfs Parochial Church Council (PCC) has the responsibility of cooperating with the incumbent, in promoting the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is also responsible for the Maintenan and development of the church buildings. Objectives and Activities The primary objective of the PCC is the promotion of the gospel of Jesus Christ according to the doctrines and practices of the Church of England. We are committed to ministering as widely as possible across the community of Chertsey in order to draw men, women and children into a living relationship with Jesus Christ and to serve. unreservedly, the wider community. One significant development saw the retirement of the incumbent, Canon Tim Hillier, and the start of a interregnum from 1st November 2024. The remaining Leadership team managed both the busy Christmas period and the creation of the Parish profile to support the advertising process for the new priest-in-charge. The PCC also aims to operate a policy of tithing 100/0 of the church's income from congregational giving to the General Fund. Every three years the PCC identifies four or five charitable trusts (local, national and international) to be recipients of our tithe. In addition to this, funds are raised and given to other charitable trusts each year. For 2024, the PCC agreed to commit £12,000 from voluntary income - representing 8 % of congregational income. The church is part of the Benefice of Chertsey, Lyne and Longcross within the Runnymede Deanery and Anglican Diocese of Guildford. Financial Review The 2024 accounts show a positive carry forward of funds as the Church has now operated for a full year following the re-ordering project completion. Total General Fund Income was £251,071 assisted by increased hall hire income. Expenses were managed closely despite the ongoing impact of inflation and there was an insurance claim payment to cover the replacement of the boilers damaged by a break-in. The Total General Fund Expenditure was £252,557 resulting in a deficit on this fund of £1,242 - balanced with the Coffee Break Fund surplus of £244. This leaves reserves of £20,914 and £706 to carry forward respectively. Total receipts on the Restoration fund were £9,482 following completion of the project. Total expenditure is shown as £38,328 as the building related items are depreciated over a 10-year period. The carry forward balance of this fund is £320,428. During the year the total fund balances reduced from £374.974 to £344,625. The average number of people in our regular giving scheme each month was 72 - a reduction due to leavers, compared to 80 last year. Reserves Policy The PCC works towards maintaining its General Reserve so that they are at least equivalent to 3 months, expenses, should there be sufficient funds available to enable this. As at 31 December 2024 the General Fund rèpresented 30 days of cover (LY 34). Page2 of 13
St Peter's Church, Chertsey . Report and Financial Statements for the year ended 31 December 2024 Structure, Governance and Management The method of appointment of church members is set out in the church representation rules. All church attendees are encouraged to register on the Electoral Roll, who are then eligible for @lection to the PCC. The PCC of St. Peter's Church is a registered charity with the Charities Commission number 1159207. The elected members of the PCC are the trustees of the charity. Any individuals co-opted or in attendance at any PCC meetings have been, and will in future be, at the specrfic invitation of the elected PCC. Such individuals have no legal standing as trustees or voting rights on the PCC. Administrative Information st. Peter's Parochial Church is situated in Chertsey, Surrey. It is part of the Diocese of Guildford, within the Church of England. The correspondence address is London Street, Chertsey, Surrey KT16 8AS. Members of the Parochial Church Council All the members of the Parochial Church Council were elected at the APCM. The members of the Parochial Church Council during the year were". Vicar Canon Tim Hillier [until 31 October 2024] Chairman Curate Rev. Sue Phillips (OLM) (Ex Officio Member) Asst. Minister Rev. Christine Pattinson (Ex Officio Member) Ministry Team Canon Tim Hillier (Ex Officio Member) [until 31 October 2024] George Hobbs (LLM) (Ex Officio Member) Rev. Sue Phillips (OLM) (Ex Officio Member) Rev. Christine Pattinson (Ex Officio Member) Churchwardens David Phillips Janet Alexander Elected members Jacqueline Churchman Dominic Maher Ronald Howell Christine Leach lan Osman James Robertson Laura South James Teader Victoria Kennedy Jean Warwick Carolyn Clark David Tucker Secretary Treasurer DBSISafeguarding Co-opted members Annie Burnham Clare Rice Stuart Boreham [until March 2024] Deanery Synod Reps Rosemary Richards Kate Schuil Sarah Howarth Page 3 of 13
St Peter's Church. Chertsey . Report and Financial Statements for the year ended 31 December 2024 Approved by the Parochial Church Council on the 17th March 2025 and signed on its behalf by . Jan Alexander (Church Warden) Chairman Page4of13
St Peter's Church, Chertsey . Report and Financial Statements for the year ended 31 Decembei. ?0?4 Independent Examiner Statement I report on the accounts of the PCC for the year ended 31 December 2024, which are set out on pages 6 to 13. Respective responsibilities of the PCC and examiner The PCC is responsible for the preparation of the accounts. The PCC consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. As examiner. it is my responsibility.. to examine the accounts under section 145 of the 2011 Act. to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. and to state whether particular matters have come to my attention. Basis of independent examiner s report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes Gonsideration of any unusual Items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The proGedures undertaken do not provide all the evidence that woljld be required in an audit and consequently no opinion is given as to whether the accounts preseiit a 'true and fair view, and the report is limited to those matters set out in the next statement. Independenl examinerfs statement In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with section 130 of the 2011 Act, and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met., or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached John W Foster, F 40 Ellingham Road, Chessington, KT9 2JA Page 5 of 13
St Peter's Church, Chertsey . Report and Financial Statements for the year ended 31 December 2024 Statement of Financial Activities Unrestricted Funds Restricted Total Prior year total funds funds funds Incoming resources Incoming resources from generated funds Voluntary income Activities for generating funds Investment income Other incoming resources Total income 206,656 25,736 13 19,510 251,915 1,983 208,638 25,736 363 26,660 261,397 363,587 22,870 1,722 52,919 441,100 349 7,150 9.482 Resources used Charitable activities Total expenditure 253,158 253,158 38,590 38,590 291,748 291,748 273,629 273,629 Net income l (expenditure) resources before transfer (1,243) (29,108) (30,351) 167,470 Total funds brought forward 22,861 352,113 374,974 207,504 Total funds carried fonmard 21.620 323,005 344,625 374,974 Page6 of13
St Peter's Church, Chertsey .' Report and Financial Statements for the year ended 31 December 2024 Balance sheet 2024 2023 Fixed assets Tangible assets 311,082 311.082 331,449 331,449 Current assets Investments Cash at bank and in hand 594 45,265 45,859 594 43,381 43,975 Liabilities Creditors: Amounts falling due in one year 12,316 (12,316) 450 (450) Total net assets less liabilities 344,625 374,974 Represented by Unrestricted General fund 20,914 22,400 Designated Coffee Break- Charity Collections 706 461 Restricted Belfry Fund Restoration Fund Uganda - Moyo Hospital Fund 1,519 320,428 1,058 1,781 349,274 1,058 Funds of the church 344 625 374,974 Page 7 of 13
St Peter's Church, Chertsey . Report and Fillancial Statements for the year ended 31 December 2024 Notes to the Accounts Accounting Policies The financial statements have been prepared in accordance with the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCS, together with applicable accounting standards and the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP 2015). The financial statements have been prepared on an accrual's basis under the historical cost convention. Incoming Resources Recognition of Incoming Resources These are inFluded in the Statement of Financial Activities (SOFA) when: the PCC becomes legally entitled to the benefit of the use of the resources. their ultimate receipt is virtually certain,. and the monetary value can be measured with sufficient reliability Grants and Donations Grants and donations are included in the SOFA when any pre-conditions for their use by the PCC have been met. For collections and planned giving this is when the funds are received. Gift Aid Tax Claims on Cash Donations Gift Aid and other tax claims are included in the SOFA in the same accounting period as the cash donations to which they relate. Volunteer Help The value of any voluntary help received is not included in the accounts but is described in the trustees, annual report. Investment Income This is included in the accounts when receivable. Expenditure and Liabilities Liability Recognition Liabilities are recognized as soon as the legal or constructive obligation arises. Grants Payable These are recognized when a commitment has been made. Outward Giving Giving to charitable organizations represents approved PCC giving as a commitment from current year activities. Assets Consecrated and benefice property Consecrated and benefice property of any kind is excluded from the financial statements in accordance with Section 10(2) (a) and (c) of the Charities Act 2011. Moveable Church Furnishings These are capitalised at cost and depreciated over their useful economic life other than where insufficient cost information is available - in this case the item is not capitalized, but all items are included in the Church's inventory in any case. Page 8 of 13
St Peter's Church, Chertsey . Report and Financial Statements for the year ended 31 December 2024 Tangible Fixed Assets These are capitalised if they can be used for more than one year, and cost at least £1,000. They are valued at cost and depreciated over their useful economic lives. The costs of the major re-ordering of the church and renewal of chairs in 2023 are being depreciated over a ten-year period. Short Term Deposits These include cash held on deposit either with the CBF Church of England Funds or at the bank. Funds Unrestricted Funds These represent the funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use or for spending on future projects and which are therefore not included in its 'free reserves,. RestrictedlDesignated Funds Restricted Funds are those that are required by the donor to be spent for specific purposes. Designated Funds are those that the PCC has decided should be used for designated purposes. Fund Purpose General Fund Unrestricted, undesignated, available for any of the PCC'S objectives Be5fry Restricted for the expenses relating to the church bells and tower Uganda - Moyo Hospital Fund Restricted for the fundraising of medical equipment Coffee Break Designated for the collection and distribution of funds raised through specific Church events Restoration Fund Restricted for the expenses relating to the planned redevelopment of the church and church hall. Bankers National Westminster Bank PLC. CBF Church of England Deposit Fund. Page g of 13
St Peter's Church, Chertsey ." Report and Financial Statements for the year ended 31 December 2024 Analysis of Income and Expenditure Unrestricted Desi nated Restricted 2024 2023 INCOME AND ENDOWMENTS Incoming resources from generated funds - Voluntary Income Planned giving 149,511 Income tax recovered on gift 20,969 aid Collections & donations Retirement Gift Legacies Children & family worker Youth & children worker Curates accommodation Grants 1,190 393 150,701 21,362 132,039 42,916 5,054 27,377 844 400 6,298 27,377 92,498 49,135 1,000 900 900 2,000 205,812 2,000 208,638 46,000 363,587 Total 844 1,983 Incoming resources from generated funds - Activities for generating funds Hall Hire 17,705 Fees income (gross) 6,671 Book sales 1.200 Catering 160 Social activities 17,705 6,671 1.200 16Q 9,450 9,393 472 1,844 1,710 22,870 Total 25.736 25,736 Incoming resources from generated funds - Investment income Bank interest 13 349 382 1,722 Total 13 349 362 1.722 other incomlng resources Misc Income Deanery Admin 15,910 3.600 19,510 251,071 7,150 23,060 3,600 26,660 261,396 49,320 3,600 52,920 441,099 Total INCOME TOTAL 7,150 9,482 844 Page 10 of 13
St Peter's Church, Chcrtsey . Report and Financial Statements for the year ended 31 Dece]nber 2024 Unrestricted Desi nated Restricted 2024 2023 EXPENDITURE Charitable activities ouard giving Local Outward Givlng Retirement Gift Parish share Deanery Telephone Ministry team expenses Curate accommodation Fees payable to the DI0Se Fees - Staff paid for services Allar requisites and flowers Advertising, Newslink, Bridge Organ and piano tuning and repairs Ofganist Licenses and subscriptions Youth and children's worker Young church l youth work Parent & toddler group Adult training and teaching materials 12,000 419 27.377 101,220 543 465 1,240 600 12,600 419 27,377 101,220 543 465 1,240 12,400 526 97,562 543 406 1,232 9,600 2,027 3,290 181 1,627 2,977 1,627 2,977 625 360 832 625 360 832 150 721 721 986 29 Bellringers other expenses Children and family worker Children's Church Leader Water rates manse Gas. eleclriGity, water Insurance Verger I cleaner 288 12,635 8,177 288 12,635 8,177 12,540 8,000 717 11,518 5,215 4,718 11.467 5,503 7.5S4 11,467 5,503 7,564 Routine maintenance and cleaning 3,423 3,423 5.966 Extinguishers & security alarms 531 531 1,213 Audio visual and sound system 1,638 1,638 5,251 Depreciation on Hall replament windows Secrelarial 2.033 2,033 22,071 2,033 21.392 22.071 Stationery, postage. telephone & sundries Photocopier Catering Professional fees General expenses Deanery Admin Building Project costs Deprecialion on Re-ordering Project Book Stall costs Depreciation on New Chairs 670 2,968 733 1,148 17,364 3,800 670 2.968 733 1,148 17,626 3,600 1,207 33,019 2,372 2,068 291,748 291,748 1,491 2,681 7,670 22,450 16,286 3,600 3,605 7,825 262 1,207 33,019 2,372 2,068 38,590 38,590 517 273 630 273 630 Total 252,558 EXPENDITURE TOTAL 252,558 600 600 TOTAL INCOME LESS EXPENDITURE 244 29,108 30.349 167 470 Page11 of13
St Peter's Church, Chertsey . Report and Financial Statements for the year ended 31 December 2024 Employee Emoluments The number of persons employed by the PCC during the year was 9. Total employment cost £54,863 Including: Total social security costs £3,045 Total pension costs £2,866 The social security costs were within the limit of the Employment allowance for the year. Members of the PCC paid a salary during the year were: Annie Burnham £12,270 Christine Leach £21,929 Clare Rice £8,180 Independent Examiners Remuneration Total cost £0 Fixed Assets Tangible assets Church Hall New Chairs Church Re-ordering Windows Cost "(30. September 2023) £10,165 £20,685° £313.007" Accumulated depreciation £4,066 £517 £7,825 Net book value.. At 31st December 2023 £6,099 £20,168 £305,182 Additions during year £16,754 Depreciation Charge for the year £2,033 £2,069 £33,019 Net book value: At 3151 December 2024 £4,066 £18,099 £288,917 Grants received 2024 2023 Haberdashers Guildford Diocese Surrey CC Garfield Weston Beatrice Laing £2,000 £NA £NA £NA £NA £3,000 £1,000 £17.000 £20,000 £5,000 Page 12 of 13
St Pcter's Church, Chertsey . Report and Financial Statements for the year ended 31 December 2024 Liabilities of more than one year There is a liability to pay £1359.12 a year on the photocopier lease until October 2030. There is a new liability to pay £1750.84 a year on a new dishwasher lease until July 2027. Fund movement by type Opening Incoming Outgolng Transfers Closlng Belfry - Belfry Fund Restricted 1,781 1.781 262 262 1,519 1,519 Sub-total for Belfry Coffee Break- Coffee Break Fund Designated 461 461 844 844 600 600 706 706 Sub-total for Coffee Break Restore - Restoration Fund Restricted 349,274 349,274 9,482 9,482 38,328 38,328 320,428 320.428 Sub-total for Restore Uganda - Uganda - Moyo Hospital Restricted 1,058 1,058 1,058 1,058 Sub-total for Uganda General - General fund Unrestricted 22,400 22,400 251,072 251,072 252,558 252,558 20,914 20,914 Sub-total for General Grand total 374,974 261,398 291,747 344.625 Page 13 of 13