t.:" Stm. rys WEST HORSLEY St Mary's West Horsley Annual Financial Statements Year ended 31 December 2023
I.:: stmarys WEST HORSLEY St Mary's West Horsley Annual Financial Statements Year ended 31 December 2023
Parlsh of St Mary's, West Horsley, Surrey Contents Page PCC Statement of Responslbllltles R•port of th8 Auditors Annual Report of the PCC Statement of Flnanclal Actlvlties for the year anded 31 December 2023 11 Balance Sheet as at 31 December 2023 12 Not¢s to the Flnanclal Statements for the yaar ended 31 December 2023 13-21 Pay8 2 of 21
Parlsh of St Mary's. West Horsley. Suyrey statement of Responslbllltles of the Councll Th8 St Mary's ParoGhial Church Council (PCC) is responsible for all parish finance. ils management and control, including the appointment of a Treasuror. While il may delegate some of its dutie8, this does not remove its legal responsibilities. These include.. A. Keeping 'proper accounting rec(Irds' whi¢h are sufficient lo show and explain all the PCC'S transaction8 and must include a record of all relevant assets and liabilities. The records. together with the annual financial 5talemenls, musl be preserved for al least six years from the end of the financial year lo which they relate. The records fflust.. 1) Show and explain all the PCC'S transactions, 2) disclose the PCC'S financial posilton at any time, 3) enable the requSred 8ccounts lo be prepared, 4) show on a day-to-day b8sls all receipts and payments and record their purpose 5) include a record of all assets and liabilities. B. Ensuring that the flnances of the PCC are under conlrol. Such Conlrol may only be delegated for as long as the PCG'S strategies, policies and objectives are complied wilh. C. Preparing an annual account and report, this shall be presented to the Annual Parochial Church Meeting In accordance with the requirements of the Church Represgntation Rules. D. Arranging for 8 suitable independent examination or audit of the financial slal8menls. Pagg 3 0121
Parish of St Mary's. West Horsley, Surrey INDEPENDLf4'1' AUDITOR•S RFPORT TO THE MEIVABERS OF THE PCC OF THE PARISH OF ST MARY?S WLST HORSLEY Oplnlon We have audited th& financial statements of The Parish of St Mary's West Horsley Ith8 'Church') for the year ended 31 Oecember 2023 which comprise the Statement of Financial Activities, Balance She81 and notes to the financial statements, includlng a summary of significant accounting policies. The financial reporting framework th8t has been applied in their prepafation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 Th& Financial Reporting Standard 8pplicabl8 in the UK and R8publl¢ of Ir8land {United Kingdom Genorally Accepted Accounting Practice). In our opinion, the financial statements- give a true and fair view of the slate of the church's affairs as al 31 December 2023 and of its incoming resources and application of resources for Ihe year then ended., have been properly ppared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Charities Act 2011 and Church Accounting Regulations 2006. Basls for oplnlon We conducted our audit In aocordance with Intemalional Standards on Auditing (UK) IISAS {UKII and appllcable law. Our responsibilities undor those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the church in accordance Wlth the ethical requirelnents that are r818vant to our audit of the financial statements in the UK, including th8 FRC'S Elhical Standard, and we have fulfilled our other ethical responsibililies in accordance wth these requirements. We belleve that the audlt evidence we havè obtained Is sufficient and appropriate lo provide a basi5 for our opinion. Concluslons relatlng to golng ¢oncern In auditing the financlal statements, we have concluded Ihal the PCC'S use of the golro concern basis of accounting in the preparation of the financial statements is appropriate. Based orn the work we have performed, we have not identified 8ny material uncertainties r81ating to events or conditions that, individually or collectively, may cast significant doubt on the church's ability to continue as a going concern for a period of at least twelve months from whgn the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the PCC with respect to going concern are described in the relevant sections of this report. other informatlon The other information comprises the informallon Included in the annual report other than th8 financial statements and our audilorfs report ther8on. The PCC are responsible for the olh8r infomation ¢ontain8d within the annLtal report. Our opinion on the flnancial statements doe6 not cover the other Information and, excepl lo th8 extent otherwlse explicitly staled In our report, we do not express any form of assurance wnclusion Ihereon. Our responsibility is lo read the other information 2nd, in doing so, consider whether the other information is materially incon8lStenl with the financial stalemenls or our knowledgg oblained in the course of the audit or othemise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required lo determine whelher this gives ris8 to a material misstatement in the financial statements themselves. If, based on the work we have Pago 4 of 21
Parlsh of St Mary's, West Horsley, Surroy perform8d, we conclude that theTe Is a material misstatement of this olher infomiallon. we are required to report that fact. We have nothing to report this regard. Matters on whleh we are requlred to report by exceptlon We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us lo report to you rf, In our oplnion.. the infomiation giv8n in the PCC'S report is inconsistent in any material respect with the financlal statements., or sufficient accounting records have not been kept,. or the financial slatements are not in agreement wth the accounting records and r8lums,' or we have not received all the information and explanations we requir8 for our audit. Respoll5ibilities of Irustees As explain8d more fully in responsibilities slatement sel out on page 3 the PCC are responsible for the pr8paration of the financial stalem&nts and for belng satisfied that they giva a true and fair view, and for such internal control as the PCC detemine Is necessary lo enable the preparation of financial 51at8ments that are free from material misstatement, whether due lo fraud or error. In preparing the financial statements, the members ol the PCC are responsible for assessing th8 charity's abilkty to continue as a going concern, disclosing, as applicable, malters related lo going conc8rn and using th8 going concern basis of accounting unless Ihe PCC either intend to liquidate th8 Gharily or to aSe operations. or have no realistic allernalivo but to do so. Auditor's responslblllties for the #udlt of the flnanclal ststements We hav8 be8ll appointed as auditor under section 144 of the Ch8filies Act 2011 report in accordance with the Act and relevant regulations made or havlng effect thereunder. Our objectives are to obtaln reasonable assuran about whether the financlal statements as a whole are free from material misslalemenl, whether duè lo fraud or error. and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assuranc8. but is not a gijaranlee that an audit conducted in accordance with ISAS {UKI will always delect a material missl8tement when il exists. Misslalements can arise from fraud or error and are ¢onsid8red matorial if, indlvidually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on tho basis of these flnanclal slatemenls. Irregulari118s. including fraud, are instances of non-compll2nce with laws and regulations. We design proce¢Jures in line with our respDnsibilili8s, outlined above, to detect material misstatements in respect of irregularities. inclLsding Iraud. The exlent to which our procedures ar8 capablo of detectlng irregularities. including ftsd is detailed below: Discussions with a1 enquiTies of management and those charged with govemance were h8ld with a view lo identifying those laws and regulations that could be expected lo have a material impact on Ihe financial stalements. Durlng the engagement team briefing, the outcomes of these dlscussions and enquirles were shared with Ihg team, as well as conslderalion as to where and how fraud may occur in the entity. The following laws and regulations consldered to have a direct effect on Ihe financlal statements inGlude UK flnancial reporting standards, Charlty Law and Pensions legislatlon. Pago 6 of 21
Parish of St Mary's, West Horslgy* Surrey Those laws and regulations for which non-compliance may be fundamental lo the continuing operations of the Church and therefore may have a material Bffecl on the financlal slatemenls include health and safely legislation, employment law and GDPR. Audil procedures undertaken in response to the potential risks relating to Irregularities {whi¢h include fraud and non-compliance with laws and regulations) comprised of: enquiries of management and those charged with governance as to whether the Church complies with such laws and regulations,. enquiries with the same concerning any actual or potential litigation or claims., inspection of any relevant legal correspondence.. review of PCC board minutes- testing the appropriateness of journal entries,. and the performance of analytical review to identity unexpected movements in account balances which may be indicative of fraud. No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherenl difficulty In detecting irregularities, the effectiveness of the enliW8 controls, and the nature, liming and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAS (UKI. A further description of our responsibilities for the audlt of the financial statements is located on the Financial Reporting Council's website al.. lilt s".Ilwww.frc.or .uklauditorsres nsibililies. This description forms part of our auditols report Use of our report Thls report is made solely to the members of PCC, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken $0 that we might stale to the PCC those matters we are required to slate lo them in an audito¢s report and for no other purpose. To the fullest extent permitted by law, we do not acp1 or assume responsibility to anyone other than the church and the PCC as a body, for our audit work. for this report, or for the opinions we have formed. CMB Partnership Limited Statutory Auditor 7 Wey Court Mary Road Guildford GU14QU Dale.'>i March 2024 Page 6 of 21
Parlsh of St Mary's, West Horsloy, Surrèy Annual Report of thg Parochlal Church Councll for th• ygar ended 31 Decgmber 2023 11 Introductlon St Mary's Wesl Horsley is a medlum sized village church with an electoral roll of 191 at Aprll 20231194 April 20221. Sl Ma$ Is a thriving evangeli¢81 church with a 1000 year history. Each week two morning services are held, a traditional S9TviGe in the church at 9.00 and a conlemporary family service a110.45 in East Horsley Village Hall. Across the two services approximately 180 adults attend although the weekly average is closer to 135 plus around 25 children. 2023 saw the introdU10n of a monthly evening se1¢8 with a time of extended worship and prayer mlnlstry. During the week approximately half the parishion6rs rneet In Home Groups lo worship, pray and study the bible using a mix of resourcas. The88 studies sometiffles follow the semion series. Other regular weekday activities Include mid- week communion. Noah's Ark our thriving mum's and toddler group. and a Friday morning café. have introduced in 2023 a monthly lunch club for Ihe community. In addition there are regular Man's and Ladies Fellowship meetings held during the year. Income has increased this year resulting in a hoalthy financial FW)silion. 2) Adminl8trat(vg Infom)atlon St Mary's Wesl Horsley is a Church of England church in the Deanery of Lealherhead, part of the Diocese of Guildford. It is a medium size congrogation and has an active evangelical mission. Charfty Comtni88ion number 1179116 In¢umbent Revd Phllip Herrington March 2(b18 Curate Rgvd. S18phen Green JLly2021 Ll¢en¢ed Lay Mlnlst¢rs IRgathiJl Mary M¢Alllster Wardens Andy Lew45 Carolln8 Tlfford Awll 2017 oetooer2020 Deanery Synod Representotlves Carolyn Palmfyr Victoria Rutherford Maggi& Simmonds Aprril 2023 Aprll 2023 Aprfl 2023 Curr•nt*lo¢ted PCC membeY$ Hazel Black Apid 2021 Page 7 0121
Parish of St Mary's, West Horslfty. Surrey Carollnè Tod Louisa Wintèr Aprfl 2021 Aprll 2021 Patricia Davis K8lli& Smitheman DavKI KTall Aprll 2D22 Aprd 2022 Apffi 2022 Micha81 G8rcke Mark Pinks Oliver Windrldge April 2023 ApDI 2023 A12023 Treasurer Michael GerJ(e w88 appointed Tre2sur6r In April 2020 Safeguardlng Offi¢er H8zel Bl8¢k was appolnted Sa18gu8rding Officer In January 2023 3) structure, Govèrnance and Managoment The Parochial Church Council IPCC) is a corporate body established by the Church of England and operates undgr the Parochial Church Council Pow&rs Measure. The method of appoinlrnenl of PCC members 18 set OLJt in the Church Representation Rules. The PCC has appointed a Standing Committee of slx people (Rector, Curate. two Churchwardens, Treasurer and an elected membgr of the PCCI. The PCC has met sgven times this year. Besldes standard PCC business our discussions have included,. approving the church budget., appmvlng capital expendllure: reviewing mission and vision., and ongoing dlscussion and plannlng for the building of a ¢hurch centre on the church site and a reordering of the interior of the church tD enable lin lime) all services to be held on the church site with children and young people provision. and having the facilities lo better serve our ministries and the wider community. The are seveTal established subthcommittees. Thes8 comprise the Standing Commtttee, which has the power to Iransattt any business of the PCC between it8 meellngs, subject lo any direction given by the PCC., the Mission Committee, which works with our Mission Partners to keep the relationship close and vibrant, and allocates funds given to il by th8 PCC., the Fabric MmIttee which oversees the care, mainlenan¢e and development of our Fabric. As reported in prior years, a Building Project Team was $8t up in 2021 to carry out a feasibility study for the GhurGh reordering and potential building of new facllitles on the church sile. This culminated in receipt in December 2022 of Pre-Application approval from Guildford Borough Council for the buildlng of a new church centre on land adjacent lo the church owned by the PCG. Throughout 2023 the team has been workin9 with our chosen architects and other professionals to draw up plans for the church centre and church reordering in pr8par8tion for the skjbmission of a planning application to the Council and a faculty application to the Dlocese for this major project. This team reports to the PCC and all major decisions are taken by the PCC. The Reclor and Wardens also megt weekly to ensure the smooth runnlng of the church. Pago 8 of 21
Parish of St Mary's, West Horsley, Surrey 41 Objectives and Activities st Mary's PCC has the responsibility of Cowoperating with the incumbent, the Reverend Philip Herrington, In promoting across the ecclesiaslical parish the whole mission of the church, pastoral, evangelistic, social and ecumenical. 11 also has Maintenan responsibilities for the whole sile, including Ihe church, and the Wvheelhouse, 82 Easl Lane, West Horsley. 5) Review for the Year 2023 felt like another year consolidating our post-pandemic numbers, whilst also welcoming in lols of new people at our services. During the yearwe introduced a monthly evening seNice with an extended lime of w¢yship and ministry. We continued lo try and ensure we delivered bible-based teaching that has relevance to navigating day to day life as Christians, wilh 8 series aimed at refreshing OUT understanding of core Christian doctrine, one looking at some of Jesus, parables in Luke's gospel, and a wonderfully practical three-part series delivered by our Curate, Sleve Green, on the SpiTitual Disciplines. In January I held three stand-alone evening seminars lo lry and help the congregatton understand what would be laking place in the national church's General Synod with regard lo human sexuality and marriage. A be8vement coutse was also run and has being repealed early in 2024. The Church Buildlng's Team, headed up by Simon Harris, made significant progress on the journey towards submitting a full Planning Applicgtion for Ihe construction of a Church Centre and Ihe reordering of the Church building. The Church Centre is of particular strategic importance as it would enable the Church family to worship logether on one site, reuniting the two Sunday morning congregations, and giving us a terrific base for seThing the community. In November the team launched ils Fundraising campaign and once again Sl Mary's showed Its generosity with over £1m being pledged in one way or another. Praise God. Christmas was hugely successful once again, in terms of numbers. It remains a fim fixture In the rhyihm of parishioners, Chrtslmases. Throughput into the life of the Church itself remains low, but many seeds were sown. In writing this report, it gives me a go8 opportunity to formally thank all those who serve the multiple ministry teams we have here, the PCC who help lead St Mary's, Mike Gercke, Sue Hook and Kate Aitken who ensure our finances are in good shape and accurately accounted for, and the Wardens- Caroline Titford and Andy Lewis~ who fulfil their role as'friendly critics" with wisdom, grace and great faith. As ever, Rev'd Phillp Herrington Rector. West Horsley Pagè 9 0121
Parish of St Mary's, Wosl Horsley, Surrey 6) Reserves Policy The current reserves policy requires the church to seok to maintain a Tninimum of £100,000 in free reserves at all limes which is equal lo approximately 4 months expenditure. As before, the PCC will keep the policy under review as the church finances evolve. In addition in January 2022 the PCC assigned £50,000 of the surplus free reserves as a designated reserve to be spent on the buildiny project. This was increased to £75,000 during 2023. Part ol this £75,000 has been used lo cover Ihe professional costs incurr8d in 2023 on Ihe building project. Further d@tsils are contained in NolÉ 8. Financlal Revlew The church is in a heallhy financial position. Regular church income from tho congregation increased Ihis year due to growth in numbers, and faithful giving and commitment of parishioners despit& the cosl of Ilving crisis. Operating costs have marginally increased compared to 2023 reflecting salary increases for the staff team. 8n¢J increased ¢hurch maintenance. In summary the Accounts for the 12 months lo 31 December 2023 show an operating surplus of £20,004 of unreslrthd income compared to £6.921 surplus in 2022. After taking account of the £50,614 of expenditure on the building project charged lo Unrestricted funds the church is reporting a net deficit in Unrestricted funds of £30,610. This has resulted in our General Reserves decreasing to £169.864 of which £24,386 represents the balance of the Designated fund unspent at 31 December 2023 (but will be spent in 20241. N8t of this, fre& General Reserves al 31 December 2023 totalled £145,478 which is comfortably 8h8ad of our required reserves of £100,000. However, we 8nticipate that with our expanding ministry ll88ds these additional reserves will be required. R8slricled funds at 31 December 2023 tolalled £109.015 of which £7,260 is restric18d to general repairs lo the church building. and £88,542 for the building fund for tho new church centre and church reordering. The remainder are a variety of restricted funds as described In Note 1. In concludlng that it is appropriate for the Accounts to be prepared on a going concern basis, the PCC are required to look forward for a period of 12 months from the date the Accounts are slgned. The budget for 2024 was approved in January and whllst a small deficit budget has been set the PCC still anliclpales reserves at the year-end will excegd the required level a$ provided in our ReseNes policy and will remain adequate into 2025. As a result of this assessment of our financial posStion and prospects th8 PCC have concluded that il remains appropriat8 to prepare the Accounts on a °Going concern basis.. Audltors Our present Auditors, CMB Partnership Limited, Chartered Accountants of Guildford were proposed for re-election at the APGM on 23 April 2023. The 2023 Annual Report and Accounts were approved by the PCC on 21 March 2024 and were signed on the PCC'S behalf by the Treasurer, Michael Gercke and Churchwarden, Andy Lewis. Pagg 10 of 21
Parish of St Mary's, West Horsley, Surrey statoment of Financial Activltles for the year ended 31 December 2023 Gangral Restrlcted Totsl General Rèstrlctod Total Note Fund5 2023 Funds 2023 Funds 2023 Funds 2022 Funds 2022 Funds 2022 OPERATING INCOME Donations, grants, fè¢s and other 98neial ¢hur¢h income 2{al 320,604 6,895 327,499 298.719 25,591 324,310 Incom8 from investments 2{c) 3,127 3,127 995 995 Other Inc¢m• 2{d) 1,578 1.578 1,778 1,778 TOTAL OPERATING INCOME 325 309 6 895 332 204 301,492 25.591 327,083 OPERATING EXPENDITURE Mission and Charitab giving 3101 30,305 3,020 33,325 28.841 13,140 41,981 Church activrt185 3(b} 265,218 1,996 267.214 255,978 14,246 270.224 Governance ¢osts 31d) 9,782 9.782 9,752 9,752 305.305 5 016 310 321 294,571 27,386 321,957 OPERATING SURPLUSIIDEFICITI 20,004 1.879 21.883 6,921 {1.7951 5.126 NEWCHURCH CENTRE & CHLIRCH REORDERING Income Expendilui8 NET IN¢OMEIEXPENDITURE ON CHURCH CENTRE & CHURCH REOROERING 21bl 31¢) 120,313 120,313 50,614 13.091 50,614 83,541 NET MOVEMENT IN FUNDS 13D,6101 85,420 54,810 6.1701 11,7951 17.9651 Balances at 1 January 2023 200,474 23.595 224,069 206.644 25,390 232,034 BBlancoJ al 31 Doctmber 2023 169 864 109 016 278 879 200 474 224069 Pagè11 of 21
Parish of St Mary's, West Horslèy, Surrey BalanGe Sheet at 31 Dgcgrnber 2023 Note 2023 2022 Flxèd Assets Tangible 20.403 24,052 Current ABsgts Debtors 24,847 40.808 Short term deposits 241,835 173,156 Cash al bBnk 25,608 24.807 Total Current Assets 292.290 238.771 Current Llabllltlos Creditors: amounts falling due within one yèar 133.8141 {38.7541 Nèt Current Assets 258 476 200,017 TOTAL NET ASSETS 224,069 PARISH FUNDS Unrestricted 169.864 200,474 Reslricled 109,015 23,595 TOTAL FUNDS 278.879 224 069 Approved by the PCC and signed on its behalf by: Andrew Lowis Mi¢ha ercke Church Warden Treasurer 21 March 2024 Pagg 12 of 21
Parish of St Mary's, West Horsley. Surrèy Noto$ to the Flnanclal Statements for the yoar endod 31 December 2023 1. Accountlng Pollcies The financial statements have been prepar6d in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and Ihe Charities SORP {FRS1021 effective for accounting periods commencing on or after 1 January 2019. The financial statements have b8en prepared under the hi8tori¢ cost convention and include all transactions, assets and 118blllties for which the PCC is responsible in law. Connected charltigs The financial statements do not include those of church groups that are affiliated to other bodies or are informal gatherings of church members. Included are those items paid for by 'connecled ¢harity' which would normally form part of the PCC'S expenditure, where an equivalent amounl is included as grants recèlvable In the PCC'S inGome. Connected charities are those having similarobiecls lo those of the PCC and havlng a majorty of the Ir(Jstees subject lo appointment by the p8rson{s} entitled lo appoint a majority of the members of the PCC. Funds Restricted funds represent {a} income from trusts or b&quesls and which may be expended only on those rèstricted objects provided in the temis of the Iru51 or bequest, and (b) donations received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object forwhich they were given. Any balance remaining unspent at the end of each year is carried foTward as a balance on that fund. The fund originated from the appeal to repair St Marls, West Horsley. New donations, grants and legacios towards the upkeep of the ¢hur¢h building are added to the fund. Buildings Repair Fund Churchyard Fund The tund is used for maintenance of the Churchyard. Reclorfs Resource Centre The fund is used to purchase books and other media for us8 by the congregatvjn. NoahsA &Jbscriptions and specific donations recelved are spent on the activities of this toddler group wlthin the Children & Youth ministry. Frfd8y Café Money raised from donalions from those who attend is used to finance costs incurred. Sp&cial Appeals Money is rais8d for special causes and paid over to the beneficiaries at the end of the appeal, Pagu 13 of 21
Parlsh of St Niary's, Wgst HoTsIoyfft Surrey Sp8cMI Collections Money Is oollected in the church al special services and remitled to a charitable organlsalion, as decided by the PCC. 2022 the cOnggatIon was challenged to donate towards a fund lo support those in the church community and m(Ye widely in the communlty. These funds together with related gift aid lolalled approximately £15,000 and have been disbursed in both 2022 and 2023 Velerans Fund The church administers, on behalf of a Surrey charity, an annual donation to cover the cost of the annual Horsley Veterans Lunch and other small events for veterans during the year. The Bucket Fund, founded in 2018 for the purpose of relieving acute financial distress for individua18 orfamilies known lo the Rector within the congregation, currently holds a balance of £1,780. Durin9 the yaar 2023, there was income of £2.780 and outgoings of £1,148 made from the fund in accordance with ils Terms of Reference. Appeals for contribulions to the Bucket Fund may be made in future years al the discretion of the Rector. Bucket Fund New 8uildings Fund The New Buildings Fund was sel up in 2023 for donations, grants and fur)draising proceeds towards the planning and building of the new church centre and reordering of Ihe interSor of the church. Unreslflcted funds are general funds which can be used for PCC ordinary purposes. As noted abov8 at its meeting in January 2022 th8 PCC resolved to designata £50,000 of the Unrestricted general funds be sgt aside tOW8rds the proposed building project. A further £25.000 was designaled by the PCC at its meeting in July 2023. Incomlng rgsources Planned giving, collections and donatlons, are recognised wh8n r&ceived. Tax refunds are recogni5ed when the Incoming resourc8 to which they relate is ieceived. Grants and legacies are accounted for when the PCC is legally &ntitled to the amounts due. All other incom8 IS recognised when it is receivable. All Incoming resources are accoun18d for gross. R&sour¢es expended Grants and donallons are accounted for when paid over, or when awarded, rf that award creates a binding or constructive obligatiDn on the PCC. Amounls received specifically foT mission 8re dealt with as restricted funds. Repairs recommended following Quinquennial inspections are included once contracted for. All other expenditure is generally recognised when it is incurred and is accounted for on a gross basis. Pagg 14 of 21
Parish of St Mary's. West Horslèy, Surrey Fixod assets Consecrated and beneficed property is not Included in the accounts in accordanGe with the Charities Act 2011. Equipment used within the church premises, including port8ble computers and office equipment, is depreclated on a slraight-line basis over 4 years. Indivldual items of equipment with a purchase price of £1,000 or less are wrlllen off when the asset is acquired. Pag81Svf21
Parish of St Mary'$. W•st Horsl6y. Surr•y 2. Incoming Resourcos UnrtrICted Restrlcted Funds Funds 2023 2023 Total Unrestrictod Restricted Funds Funds 2022 2022 Total 2023 2022 la) Donallon$. grants. fvg8 and oth0r genwral chvrch income Planned Giving.. Regular donatlon$ Tax r•covorablg Legacie5 Spècial Collection8 Insurance clairns Collectlons (open p>atsl Grants Building repairfund income Donations Fees, weddings & funerals Ineti Olher 248.989 53.831 248,989 53,831 238,046 48,727 238,046 48,727 4,756 4,756 6,000 230 1,500 16.850 16,850 2000 713 2,34é 6,000 230 1,500 2,000 713 2,344 154 154 3.751 7.516 350 7.516 1.771 3,751 1,421 6,303 6.303 5,468 5.468 875 324310 875 25.591 320,604 6,895 327,499 298,719 Ibl In¢ome for Chu Centre & ¢hur¢h reorderlng Donations Tax recoverable Twsts & Grants Fundraising Bank & d8PO8It interèst 60,750 60,750 8.963 8,963 50.000 50.000 338 338 262 262 120 313 120 313 Icl Income from Invesknonts Bank & CBF dèposit int8r•st 995 995 Idl Other Incomg Wheelhouse lettings Sundry t8m8 1.529 1.529 49 1,580 198 1,778 1,580 Totsl irtcomlng rè8ourco$ tn the year 325 309 127.208 452.517 301492 25.591 Page 16 of 21
Parlsh of St Mary's. West Horslgy. Surroy 3. R¢sour¢es Expended Unre¥tricted R•strlcièd Funds Funds Total Unrestricted Re8trlcted Funds Total 2023 2023 2023 2022 2022 2022 lal Mlsslon & Charltable glvlng Charilt•s- oversgas 12.122 18.183 12,122 18,183 1.872 1,148 11,536 17,305 11,536 17.305 12.085 12.085 1.055 1,055 13,140 41,981 CharltE8- UK Spetlal ¢ollectsor IndividuaL8 1.872 3.020 Ibl Church activitles DJo¢osan parish sharè paymanls Admlnislr8tlV8 & Pthsh Offlee Costs Rector's worklng expen6e8 Mini$lry. tralnlng and olher alli8d parish 98,491 98,491 98.361 98,361 35.000 35,000 3fj,3 36,063 2.848 2,848 3,732 3,732 24.537 1.518 26.055 27,949 682 28,631 Assistant's Salarles and WrkIng expen8e$ Church tunnlng an<1 malnlen8nce Wheelhouse runnlno costs Website & CommunicatK)ns Grants- Samcot Trust Oepr8cialion 29,319 29.319 28.055 28.055 36,907 478 37,385 27,654 13.564 41,218 7.378 7,378 6,396 6,396 fO,506 12,OSO 8,142 265.218 10,506 12,090 8.142 1.996 267 214 11.197 10.890 5,681 255.978 11,197 10,890 5.681 14.246 270224 lel Church Centr• & Church reoidering Prof05s1onal f•*$ 36.772 87,386 13.091 Idl Governancè costs AudtL Fees AGGounlng & P8yrdl F888 Honorarium- Accountant 3,600 3.600 3.824 3,824 1.182 1,182 1,128 1.128 5,000 5,000 9,752 5,000 9,752 9,782 T¢)tal resources èxpendod the year 355,919 41788 397 707 307 662 27 3B6 335 048 Pag4 17of21
Parlsh of St Mary's, West Hor$ley, Surrèy Slaff and Othgr People Costs 2023 2022 (a} Salarles Salaries & National Insurancè Pension 76.467 2.566 79.033 73,274 2,444 75,718 St8ff numbars.. Full lime Part tlme No employee received emolumerts In gxcess of £60,000 in thè y8ar 2023 2022 (bl Honorarlum Acccwjntanl s,0 (cl Payments lo PCC members Pllge 18 0121
Parish of St Mary's, West Horslèy, Surrey 5. Flxed Assets C•r Church Lap.top park •qulpment computer Total Cost At 1 Jan 2023 Additions At 31 Dec 2023 Depreciation At 1 Jan 2023 Dèpracialion At 31 D¢¢ 2023 1.500 67,759 4,493 72.252 2,799 72,058 4,493 76,551 1,500 2,799 45.207 8.142 53,349 2,799 48,005 8,142 56.148 2.799 Net book v8lu• 1.500 18,903 20.403 In 2022 the PCC invested in audio visual equipment including monitors lo upgrade facilities for our services in the church and to enable live streaming of services when needed. A further small amount was spent in 2023. The PCC have tille to the Wheelhouso which was previously"consecraled°and adjacent land. The Wheelhous8 is a 1960's built buikling in East Lane, and because il was in the past onsecraled It has never been included as an asset in the Accounts. No existing use valuation of the building exists bul in view of its age its value is likely lo be modest, although th6 value of the land is in the region of £1 million. 6. Debtors 2023 2022 P¥epaymenis Grft ald claim Other dobtors 917 23,357 573 1.190 39,618 7. Credltors 2023 2022 Credi191s and accrua15 Mission gr8nls 15.509 18.305 21.913 16.841 38,754 Page 19 of 21
Parish of St Mary's, West Horsloy, Surrey 8. Funds Restricted funds Bulldlng Ropalrs Fund Bullding Fund Othor funds Total Balance al 1 January 2023 Incoming resources 12,234 154 11.361 23,595 9,240 129,708 120,314 Resourcos expended {128) (36,772) (7.388} 144,2881 Transfers 5000 Balance at 31 Dgcgmbgl 2023 7.260 13 213 109015 The'other funds. relate to specific church a¢livilies, also to special appeals and llectiOnS with details shown in notes 1 and 2lal and 3lal to these accounts. Genaral funds Unrestrlcted Balance al 1 Janua eralin Sur lus foT ear New Church Centre & Church reorderin Balanco at 31 D&comb8r 2023 2023 200,474 50.614 169,B64 In 2022 the PCC Deslgnated £50.000 of Unreslri¢led General Reseryes lo the Buildlng Fund. A further £25,000 was designated by the PCC In 2023. Expenditure incurred in 2023 on architectural and other professional fees foT the work required prior to 8ubmi83ion of the planning & faculty applications, for the Church Centre and reordering of the church, have been apportloned each month between the doslgnated fund arsd restricted funds received for the prolecl, In proptsrtion to the munlhly cumulative funds received from each source. This resulted in expenditure of £50,614 from the Designated fund and £38,772 from Restricted funds. 9. Analysls of net assets Unrnstrlctsd funds Rèstricted funds Totsl 2023 Total 2022 Tangible fixed assets Current assets Liabililie8- falling due wllhin one year 20,403 183,275 33,814 169 864 20,403 292,290 24.052 238.771 38.754 109,015 278 879 10. Transactions with Gonnected charities DurSng 2014 Samcot Trust purchased a property 17 Weston Lea, We$1 Hor$ley) for the charitable purpose of providing accommodation for the currenL and any future Sl Mary's Children's & Youth minister. Pagè 20 of 21
Parlsh ol St Mary's. West Horsley, Surr8y The PCC agrè8d lo commence ienlal payments tD Samcol TTU51 in October 2014 and tr) makè grants lo Samcol Trusl, as deemed nocessary, towards expendre relatlng to tha property. Since March 2015 thè propèrty ha8 been occupied by Edd and Abby Copo (the current Children's & Youth minisler and his 8POUSg}. Paymonts made to SanKot Trust 2023 2022 Rental paymonts Grants towards property expgns¢$ 12.000 90 10,800 90 11, Capital Commltments At the year end the PCC had outstanding capital commitments totslling £nil12022-Nil> Pago 21 of 21