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 p￿pared 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 f￿tsd is detailed below:
Discussions with a￿1 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 ac￿p1 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 introdU￿10n of a monthly evening se￿1¢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
A￿12023
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 be￿8vement 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 go￿8 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 cOng￿gatIon 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'$. W•st Horsl6y. Surr•y
2. Incoming Resourcos
Unr￿trICted Restrlcted
Funds
Funds
2023
2023
Total Unrestrictod Restricted
Funds
Funds
2022
2022
Total
2023
2022
la) Donallon$. 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$lry. tralnlng and
olher alli8d parish
98,491
98,491
98.361
98,361
35.000
35,000
3fj,￿3
36,063
2.848
2,848
3,732
3,732
24.537
1.518
26.055
27,949
682 28,631
Assistant's Salarles and
W￿rkIng expen8e$
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 expend￿￿re 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