Stmarys WEST HORSLEY St Mary's West Horsley Annual Financial Statements Year ended 31 December 2024
Parish of St Mary's. West Horsley, Surrey Contgnts Page PCC Statsm•nt of Re$ponslblllties Report of the Auditors Annual Report of the PCC Statement of Flnancial Activltlos for the year ended 31 Decembor 2024 12 Balance Sheèt as at 31 December 2024 13 Notes to the FinanGlal Statemènts for the year ended 31 December 2024 14-21 Pa9e 2 of 21
Parlsh ot St Mary's, West Hornloy, Surrey Statèment of Re8ponsibil1es of tho Councll The Sl Mary's Parochial Church Council IPCCI is responsible fN all parish finance, its management and control, including the appointment of a Treasurer. While il may delegate some of ils duties, this does not remove its legal responsibilrties. These include: A. Keeping'proper accounting records, which are sufficient to show and explain all the PCC'S transactions and must include a record of all relevant assets and liabilities. The records, together with the annual financial statements, must be preserved for at least six years from the end of the financial year to which they relate. The records must: 1) show and explain all the PCC'S Iransactions, 2) disclose the PCC'S financial position at any time, 3) enable the requlred accounts lo be prepared, 4) show on a day-to-day basis all receipls and payments and record their purpose 5) include a record of all assets and liabililies. B. Ensurtng that the finances of the PCC are under control. Such control may only be delegated for as long as the PCC'S Strategies. policies and objectives are complied with. C. Preparing an annual account and report, which shall be psented to the Annual ParochSal Church Meeting in accordance with the requirements of the Church Representation Rules. D. Arranging for a suitable independent examination or audit of the financtal statements. Po90 3 of 21
PaTi$h of St Mary's, West Horsloy* Surrey INDEPEI NDII NT AUDITOR'S REPORT TO THE MEMBERS OF THE PCC OF THE PARISH OF ST MARY'S WEST HORSLKY Oplnlon We have audited the financlal statements of The Parish of St Mary's West Horsley Ilhe 'Church') for the year ended 31 December 2024 whKh comprise the Statement of Financial Activilies, Balan Sheet and notes to the financial statements, including a summary of significant accounting policies. The fin8ncial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Finandal Reporting Standgrd 102 Th8 Financial Reporting Stsnd8rd 8ppIic8ble in th8 UK and Republ of Ir818nd (United Kingdom Generalty Accepted Accounting Pr8Cticel. In our opinK)n, Ihe financial 8tatements- give a true and fair vlew of the state of the church's affairs as at 31 December 2024 and of its incoming resources and application of resources for the year then ended., have been property prepared in accordance with United Kingdom Generally ApIed Accounling Practice., and have been prepared in accordance with the requirements of the Charities Act 2011 and Church Accounting Regulations 2006. Basls for opinion We conducted our audit in accordance wilh Internatlonal Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under 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 with the ethical qUirements Ihat are relèvant to our audit of the financial statements in the UK, including Ihe FRC'S Ethi¢al Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficienl and appropfiate lo provide a basls for our opinion. Concluslons relatlng to going concern In auditing the financial statements, we have concluded Ihat Ihe PCC'S use of the going concern basis of accounting in the preparation of the financial statements is appropTiale. Based on the work we have performed, we have not identified any material uncertainlies relating lo events or conditions that, individually or collectively. may cast signifiGanl doubl on the church's ability to Continue as a going concern for a period of at least twelve months from when the financial statements are authorised 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 infomiation The olher infomation comprise5 thp infomation tncluded in the annual report other than the financial statements and our audito¢s report thereon. The PCC are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent olhefwise explicitly stated in our report, we do not express any form of assurance concluston thereon. Our responsibility is lo read the other informat¢on and, in doing so, consider whelherthe other information is materially inconsislent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material in¢onsistenci8s or apparent material misstatements, we are required to determine whether this gives rise to a material misslatement in the financial statements themselves. If, based on the work we have Page 4 of 21
Parish of St Mary's, West Horsley. Surrey performed, we conclude Ihal Ihere is a malerial misslatement of this other Informatlon, w8 are required lo report that fact. We have nothing to report in this regard. Matlers on whlch we are required to report by ¢x¢eptio We have nolhing to report in respect of the following matters in rel*ion to which the Charities {Accounts and Reports) Regulations 2008 qUIre us lo port to you if, in our opinion: the information given in the PCC'S report Is inconsistent in any materlal respect with the linancial statements.. or sufficient accounting records have not been kept., or the financial statements are not in agreement with the accounting records and returns., or we have not received all the information and eXanationS we require for our audit. Respollsibilitie5 of trnst¢es As explained more fully in responsibilities statement set out on page 3 the PCC are responsible for the preparation of the financial statements and for being satisfied Ihat they give a true and fair view, and for such internal ¢ontrol as the PCC determine is necessary to enable the preparation of financlal stalemenls Ihat are free from material mi$$tatemenl. whether due to fraud or error. In preparing the financial statements, the members of the PCC arè responsible for assessing the charity's ability to continue as a going concem, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the PCC either intend to liquidate the Gharity or lo cease operations, or have no realistic alternatTrve bul to do so. Auditor's re$pollsibilities for the Ydudit of the financial statem¢nts W6 have been appoinled as auditor under section 144 of the Charities Ad 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statemenls as a whole are free from material misslalement, whether due lo fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit Conducted in accordance with ISAS (UK} will always detect a material misstatement when il exists. Misstatements can artse from fraud or error and are onsidered material if, individually or in the aggregate, they could reasonably b6 expected to influence the economic decisions of users taken on the basis of these financial Statements. Irregularities, including fraud, are instarKes of non-compliance wtth laws and regulations. We design procedures in line with our responsibilities, outlined above, lo delecl material misstatements in respect of irregularilies, including fraud. The extent lo which our prc¢edures are capable of deleing irregularities. including fraud is detailed below- Dlscussions with and enquiries of management and those charged with governance were held with a view lo identifying those laws and regulations that could be expected to have a material impact on the financial statements. Dufing the engagement team brtefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud occur in the entty. The following laws and regulations considered to have a direct effect on the financial statements include UK financial reporting standards, Charity Law and Pensions legislation, Pagè S of 21
Parlsh of St Mary's, West Horsley, Surrey Those laws and regulalions for which non-compliance may be fundamental to the continLsing operations of the Church and therefore may have a malertal effect on the financial statements include health and safety legislation, employment law and GDPR. Audit procedures undertaken in response lo the potential risks relating to irregularities (which include fraud and non-compliance with laws and regiilationsl comprised of enquir¢es of management and those charged with governance as to whether Ihe Church complies with such laws and regulations., enquiries with the same Conrning 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 identify unexpected movements in accounl 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 inherent difficulty in detecting irregularities, the effecliveness of the entity's controls, and the nature, timing and extent of Ihe audit procedures perfomied. Irregularities that result from fraltd 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 (UK). A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. hll s'./lwww.fic.or .uklauditorsre5 onsibilities. This description forms part of our auditorfs report Use of our roport This report is made solely to the members of the PCC, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the PCC those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest exlenl permitted by law, we do not accept 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 Date.. March 2025 Pag¥ 6 of 21
Parlsh of St Mary's, West Horsley. Surrey Annual Report ofthe Parochlal Church Council for tho year ended 31 Decembor 2024 11 Introductlon St Mary's West Horsley is a medlum sized village church with an electoral roll of 191 at April 2024 (191 April 20231. It is a thriving evangelical church with a 1000 year history. Each week two morning servieE9 are held, a traditional service in the church at 9.00am and a contemporary family sejvice at 10.45am in East Horsley Villag8 Hall. Across the two services approximately 180 adults attend although the we8kly average is closer to 135 plus around 25 children. Approximatety once a month there is an evening service with a lime of extended worship and prayer ministry. During Ihe week approximate half the parishioners meet in Home Grou lo worship. pray and study the bible using a mix of resources. These studies sometimes follow the sermon series. Other regular weekday activities include mid- week said communion, Noah's Ark our thriving babies and toddler group, and a Friday moming café. Since 2023 there is a monthly lunch club for the cornmtjnily organised by one of our parishioners. In addition there are regular Men's and Ladies Fellowship meetings held during the year. 2) Administrative Information Sl Mary's Wesl Horsley is a Church of England church in the Deanery of Leatherhead. part of the Diocese of Guildford. With its medium size congregation it promoles an active evangelical mission. Charity Commission numbèr 1179116 rea M#r¢h 2016 IDwmbent Revd Philip Herrington Curate Revd. Rach81 Clark July 2W24 Llcen¢ed L3yMlnlstetsiReadw81 Mary McAllister Warden$ Afidy Lewls Caroline Tltford Vicky Rutherford Rèlire(l Apri 2024 OctobBr 2020 Aprfl 2024 Deputywarden Andy Lewis Apr2024 Deanery Synod RepresentatS¥es Carolyn Palmer Maggie Simmond$ Richard Boyd 4>ri12023 ApAI 2023 Ap1 2024 7 of 21
Parish of St Mary's, West Horsley, Surrey Currèntelected pcc members and Trustees Patricia Davis Kellie Smilheman David Kroti Aprll 2022 APFII 2022 April 2022 Michael Gercke Mark Pink8 Ollver Windridge April 2023 Aprfl 2023 Aprfl 2023 Chris Puddle Henni6 Theron Ftona Trinder Aprfl 2024 Apdl 2024 Apri12024 Treasurer Micha81 Gerthts was appoiDled TT8&8uier in Apr412020 Satsguarding Officer Hazol Black wa5 appolntèd Safeguarding Offi¢er in January 2023 31 Structure, Governance and Management The PaTochial Chur¢h Council {PCC) is a corporate body established by the Church of England and operates under the Parochial Church Council Powers Measure. The method of appoinlment of PCC members is set out in the Church Representation Rules. The PCC has appointed a Standing Commbttee which for 2024 comprised seven people (Rector, Curate, Churchwardens, Deputy Church Warden, Treasurer and an elected member ofthe PCC). The PCC has met six times this year. Besides standard PCC business our discussions have included,. safeguarding., approving the church budget- approving any capilal expendilure., reviewing mission and vision. and ongoing discussion and planning for the building of a church centre on the church site and a reordering of the interior of the church to enable lin timel all services to be held on the church site with children and young people provision, and having the facilities to better serve our ministries and the wider community. There are several established sub-committees. These ¢omprise the Standing Gommittee { which meets bi-monthly), which has the power lo transact any business ofthe PCC beeen its meetings, subject to any direction given by the PCC,. Ihe Mission Committee, which works with our Mission Partners to keep the relati)nship close and vibrant, and allocates funds given to it by the PCC., the Fabric committee which oversees the care, maintenance and development of our Fabric { the church and the building known as the Wheelhouse"). As reported in PTior years, a Building Project Te8m was set up in 2021 to carry out a feasibilily study for Ihe church reordering and potential building of new facilities on the church site. This culminated in receipt in December 2022 of Pre-Application approval from Guildford Borough Council forth8 building of a new church centre on land adjacent to the church owned by the PCC. Page 8 of 21
Parlsh of St Mary's, West Horsley, Surrèy Since then the leam has been working wilh our chosen archilecls and other professionals on plans for the church centre and chur¢h reordering. This culminaled in submission of a detailed planning applicatlon for the church centre in July 2024. In addition change of use consent for the construction of a single 5 bed residential dwelling was concurrently submitted covering the land on 82 East Lane, West Horsley I the sile of the Wheelhouse) where Ihe current church hall and offlces 8re situated. In addition lo the plannlng work on the church centre the t8am has also been preparing foi the submission of a facutty for the church reordering. The buildings team reports to the PCC and all major decisions are taken by the PCC. The Rector and Wardens also meet weekly to ensure the smooth running of the church. 4) Obj•Gtlvo8 and Aclivitle8 St Mary's PCC has the responsibility of ctroperaling with the incumbent, the Reverend Philip Herringlon, in promoting across the ecclesiastical parish the whole mission of the chuych, pastoral, evangelistic. social and ecumenical. It's responsibilit¢es also include that of employer to the staff team. maintaining good financial ¢ontrols, and maintenance responsibilities for Ihe church and church yard and the Wheelhouse. 5> Review for th• Yoar Reports over Ihe last few years have always had the shadow of the Covid-19 pandemic cast over them, but last year felt like a more nomial year for the first lime, with attendance numbers roughly back to where they were in 2019, new people and young familles joining us and ministries flourishing. Through the year we continued to try and ensure we delivered bible-ba8ed teaching that has relevance to navigating day to day life as Christians, with teaching drawn from acrosg the Old and New Testament, from b¢)oks like Habakkuk, 2 Timothy, the Psalms and 1 Thessalonians. Some significant changes in the St Mary's staff team occurred in 2024. Rev'd Steve Green finished his curacy and, in Aprsl look on the Parish of St James, Rowledge, whilst in July Revd Rachel-Elizabeth Clark joined us at the start of her Curacy. In September, Andrew Kilcatt moved on from his worship leader role to a new role al a church in Bath. Later in the year Edd and Abby Cope resigned from their roles as CYM lead and Communications Manager, heading to a church near Birmingham. They officially left us in January 2025. Having had a fairly settled leam for a long time. 2025 promises to be a year of change and new beginnings. The Church Building's Team, headed up by Simon Harris, made significant prog88 last year with the submission of a full Planning Application to Guildford Borough Council for the construction of a Church Centre close to the grade 1 listed Church, and the wort( required for submission of a faculty for the reordering of the Church building. The Church Centre is of particular straleglc importance as it would enable the Church family to worship together on one site, reuniting the bNO Sunday morning congregations. and giving us a fantastic base from which to serve tho communtty. It will also lead to more inlen8ive use ofthe church ilselfthereby preserving and securing its future We have had a terrific start to our fundraising campaign, end have given ourselves a solld foundation to build upon. There will of course be future fundraising requests as we make our Pag• 9 of 21
Parish of St Mary's, West Horsley. Surrey way on thls loumey. As of 31* December 2024, we had yet to h&8r back from the Borough Council. Christmas was hugely SueSSfUl once again, in terms of numbers. It remalns a fimi fixture in the rhythm of parishioners, Christmases. Throughput into Ihe life of the Church itself remains low, but many se8ds were sown which we continue to pray into. The Bereavement Journey Coutse bore particular fruil last year, whilst Noah's Ark, our baby & toddler group. and the Friday Café Continued to be our largest contsct point with those outside the church on a regular basis. Writing this report gives me a good opportunity to fomally thank all those who serve the multiple ministry teams we have here, the PCC who help lead St Mary's, Mike Gercke, Sue Hook, Kate Aitken and Derek Rutherford who ensure our finances are in good $h8pe and accurately accounted for, and the Wardens - Caroline Tilford, Vicky Rulherford in her new Warden role and Andy Lewis as deputy- who fulfil their role as Yriendty CTltics° with wisdom, grace and great faith. As aver, Rev'd Philip Herrington Rector, West Horsl•y 6) Reserve5 Policy The CUTrent reserves policy requires the church to seek lo maintain a minimum of £100,000 in free reseNes at all times 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 2022 & 2023 the PCC assigned sums lolalling £75.000 of the surplus free reserves as a designated reserve lo be spenl on the building project. This designated reserve has now been used to help defray the professional costs incurred on Ihe building project. Further details are ¢onlair)ed in Note 9. 71 Flnan¢ial Review The church is in a healthy financial position. In 2024 regular church income from the ¢ongregation l including gift aldl increased by 10% due lo growth in numbers. and failhful giving and commitment of paiishioners despite the cosl of living ¢risi$. When account is taken of"Olher income. total Unreslricled Income was up by 7% al £348.652 Operating costs at £311.4001s only marginally up 2023 Sevels mainly due to postponement of certain maintenance works on the church. In summary Ihe Accounts for the 12 months to 31 December 2024 8how an operatlng surplus of £37,252 of unrestiicted income compared to £20,004 surplus in 2023. After taking account of £24,386 of expenditure on the building project charged to Unrestricted funds the church Is reporting a net surplus in Unreslricled funds of £12,866. This has resulted in our General ReseNes increasing to £182,730 which is comfortably ahead of our required reserves of £100,000. Page 10 of 21
Parlsh of St Mary's, West Horslèy, Surrey These additional reserves enable us to take advantage of opportunities lo expand our ministries lo the village. They also provide a buffer should our income fall as it is highly sensitive to the giving from a small number of large donors. Restricted funds at 31 December 2024 totalled £494,495 of which £7,346 Is reslricled to general repairs to the church building, and £472,324 for the building fund for the new thur¢h centre and church reordering. The remaining £14,825 are a variety of restficled funds as described in Note 1. In concluding that it is appropriate for the Accounts lo be prepared on a going con¢em basis, the PCC are required lo look fowward for a period of 12 months from the date the A¢counts are signed. The budget for 2025 was approved in January 2025 and a small surplus of£2.517 has been sel and the PCC anticipates Teserves at the year-end will exceed Ihe required level as provided in our Reserves policy and will remain adequate Into 2026. The budget assumes a lower level of giving due to recent leavers. Expenditure is hlgher th8n 2024 due lo more planned maintenance including expenditure deferred from 2024. As a result of this ass85sment of ourfinancial position and prosp8Cts the PCC have concluded that it remains appropriale to prepare the Accounts on a"Going concern b8SiS°. Auditors Our present Auditors, CMB Partnership Limited, Chartered Accountants of Guildford were proposed for re-election at the APCM on 28 April 2024. The 2024 Annual Report and Accounts were approved by the PCC on 20 March 2025 and were signed on Ihe PCC'S behalf by the Treasurer, Michael Gercke and Churchwarden, Vicky Rutherford. Page 11 of21
Parlsh of St Mary's, West Horslèy, Surrey statoment of Finan¢lal Activities for the year endod 31 December 2024 Gonoral Restrictsd Total Gen¥ral Règtrlctsd Total Note Fund8 2024 Fund$ 2024 Funds 2024 Funds 2023 Funds 2023 Fund8 2023 OPERATING INCOME Donallon8, grants, fee& and olhgr general church income 2Ia) 340,872 5,589 346,461 320.604 6.895 327,499 Incorn& from inve$lment$ 2(cl 4,914 4,914 3,127 3,127 Other Incomè 2{d) 2,866 2,866 1,578 1.578 TOTAL OPERATING INCOME 354 241 325,309 6,895 332 204 OPERATING EXPENDITURE MK85ion and CharItab giwng 31a} 33,354 1.856 35,210 30,305 3,020 33,325 ChUh a¢tiviti88 31bl 267,428 2,035 289,463 265,218 1,996 267,214 Govarnanctr ¢ost8 31dl 10,618 10,618 9.782 9.782 315 291 305,305 S.016 310.321 OPERATING SURPLUSIIOEFICIT) 37,252 1.698 38,950 20,004 1,879 21,883 NEW CHURCH CENTRE & CHURCH ReoRDERING Income Eypènditur8 NET INCOMEIEXPENDITURE ON CHURCH CENTRE & CHURCH REORDERING 21bl 31c) 459,921 459.921 120.313 136,772) 120,313 150,e14) 383 782 359 396 83.541 32,927 NET MOVEMENT IN FUNDS 12,866 386,480 398,348 130,610) 85,420 54,810 Balanees at 1 January 2024 169,864 109,015 278,879 200,474 23.595 224,Q69 Balances at 31 D•cember 2024 182730 677 225 169 864 278 879 Pagg 12of21
Parlsh of St Mary's, West Hor818y, 8urrey Balance Sheot at 31 December 2024 Nots 2024 2023 Fixed Assèts Tangible 12,123 20,402 Curront Assets Debtors 27,680 24,847 Short term deposits 660.755 241,835 Cash at barbk 24.948 25,608 Totsl Currgnt Assets 713.383 292,290 Current Liabllltles Creditors.. amounts falling due wlthin one year {43.2811 133.8131 Not Curr•nt A$sgts 670 102 258,477 Loans due after one year 5,000 TOTAL NET ASSETS 677 225 278 879 PARISH FUNDS Unrestrioled 182.730 169.864 Restricted 494,495 109,015 TOTAL FUNDS 677,225 278 879 Approved by the PCC and signed on its behalf by.. Victoria G Rutherford Michael ercke Church Warden Treasurer 20 March 2025 Pago 13of21
Parish of St Mary's, West Horsley. Surroy Notes to the Flnancial Statemont8 for the yèar •nded 31 Decomber 2024 1. A¢counting PoliGI•S The financial statements have been prep8red in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities SORP (FRS102) effective for accounting periods commencing on or after 1 January 2019. The financial statements have been prepared under the historic Cost convention and include all transactions, assets and liabilltles for which the PCC is responsible in law. Conno¢ted charities The financial stalements do not include those of church groups that are afliliated to other bodies or are informal gatherings of church members. Expenditure includes amounts paid to a 'conned charity, for rent on 7 Weston Lea owned by Samcot Trust. Connected charities are those having Similar objects to those of Ihe PCC and having a majority of the Iru$lees subject to appointment by the person{$} entitled to appoint a majority of the members of the PCC. Fund8 Restricted funds represent la) income from trusts or beque8ts and which may be expended only on those restricted objects provided in the terms of the Irusl or bequest, and {bl donations received for a specific object or invÈted by the PCC for a specrfi¢ object. The funds may only be expended on Ihe specific object for which they were given. Any balance remaining unspent at the end of each year is carried forward as a balance on that fund. Btjildings Repair Fund The fund orlglnated from Ihe appeal lo repair St Marls, West Horsley. New donations, grants and legacies towards the up keep of the church buildin9 are added to the fund. Rector's Resource Centre The fund is used to purchase books and other media for US8 by the congregation. Noah's Ark Subscriptions and specific donations received are Spent on the activities of Ihis baby & toddler group within the Chiklren & Youth ministry. Friday Café Money raised from donations from those who attend is used to finance costs incurred. Special Appe81s Money is raised for special causes and paid over to the beneficiaries at the end of the appeal. Special Collections Money is collected in the church at special seTvIc8s and remltted to a Gh8rilable organisalion, as decided by the pcc. Pa8e 14 0121
Parish of St Mary's, West Horsléy, Surrey Vet8r8ns Fund The church administers, on behalf of a Surrey charity, an annual donalion to cover the cost of the annual Horsley Veterans Lunch and other small evenls for veterans during the year. Bucket Fund The Bucket Fund, founded in 2018 for the purpoge of relieving acute financ181 dlslre$$ for individuals or families known to the Rector within th8 congregation, currently holds a b81ance of £1,640. During 2024. there was in¢ome of £90 and outgoings of £230 made from the fund in accor(lance with its Terms of Reference. ApalS for contributions to the Bucket Fund may be made in future years at the discretion of the Rector. New Buildings Fund The New Buildings Fund was set up in 2023 for donations, grants and fundraising proceeds towards the planning and building of the new church centre and reordering of the inlerior of the church. Unrestricted funds a general funds whlch can be used for PCC ordinary purposes. Inwming resourcès Planned giving, collections and don8tions, are recognised when received. Tax refunds are recogni$ed when the incoming resource lo which they relale is received. Grants and legacies are accounted for when the PCC is legally entitled lo Ihe amounts due. All other income is recognised when it is receivable. All incoming resources are accounled for gross. Re80urcas axpended Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or conslruclive obligation on tho PCC. Amounls received specifically for mission are dealt with as restricted funds. Repairs recommended following Quinquennial 'inspections are included once contracted for and expense incurred. All other expenditure is generally recognised when it is incurred and is accounted for on a gross basis. Flxed assets Consecrated and beneficed propety 1$ nol included in the accounts in wnrdance with the Charities Act 2011. Equipment used within the church premises. including portable computers and office equipment, is depreciated on a slraighl-line basis over 4 years. Individual items of equipment with a purchase price of £5,000 or less are written off when Ihe asset is acquired. This amount was increased from £1.000 by PCC resolution during 2024. Pago IS of 21
Parl$h of St ljlary's, W¢$t Horsley. Surroy
2. Incoming R•source8
Unrestrlcted R8strlct•d
Funds £
Funds £
Total Unre$trloted Restrlctgd
Totsl
Funds £
Funds £ Fth)ds £
2024
2024
2024
2023
2023
2023
la) Donatlon8, grants, f8
and otherg•noral chuKh
Incorne
Planned Glvlng_'
Regular dDnatKJns
Tax 0¥9[at4?
Legaci88
Sp9ryal ¢9118Ctions
Insuranc8 Clalms
Cgllecticn5 (open plats)
Gfants
Buildino repair fund
income
Cjonations
Fees, weddings &
lunar41s In&ti
Othèr
272,970
60,573
272,970
60.573
248,989
53,831
248,989
53.831
3,324
3.324
4,756
4,756
6,000
230
1,500
6.000
230
1,500
1,000
1,000
86
767
86
1,544
154
154
777
3,751
5,552
5,552
6,303
6,303
1,985
5 589 346 461
320,804
327,499
Ibl Incom• for Chur¢h
¢•ntr¢"& Chvrch r6tsr
Parish of St Mary's, West Horsley, Surrey 3. Resour¢os Expended Unmstrlcled Rg$trlGted Funds Funds 2024 2024 Totsl Unrestrlcted R8St¢lct6d Funds Funds Fund$ 2024 2023 2023 Total Funds 202J lal M158lon & Charltsblo giving Charfk&.'ovèrs888 13,342 20,012 13,342 20,012 1,626 1.626 230 230 1.856 35.210 12,122 18,183 12.122 18,183 1,872 1,148 33,325 CharilEes- UK Speci81 ¢olleciions Indkviduals 1,872 1,148 3,020 33,354 Ibl Chur¢h a¢tlvitl•s ocesan pork8h Sharg payments Administratwe & Parish Office Costs Redorf8 WOTking &xpense8 Ministry, traning and olhèr allled p8ri$h 101.764 101,764 98.491 98,491 37,421 37,421 35.000 35.000 3,400 3.400 2,848 2,848 30,300 1,285 31,585 24,537 1.518 26,055 Assi6tsnt'$ salaiiè5 and working expenses Church runnSng and maintenance Whéelhouse running ¢osts Website & Communications Rent- Samcot Trust DapreciaOn 31,219 31,219 29,319 29.319 24,680 750 25,430 36,907 478 37,385 6,427 6,427 7,378 7,378 11,798 12.140 8.279 267,428 11,798 12.140 8.279 2,035 269.463 10.506 12,090 8.142 265 218 10,506 12,090 8,142 267,214 1,996 Icl Church C•ntr• & Church rgorderlng Profe$8lonal tees Church Centr8 Church Reordgring 82 East Lana site Fundraising & Plomotional Amount tharged to Dosiqnated fur 70,612 70,612 15.026 15.026 13.123 13,123 1,764 1,764 42,364 39,400 2,022 3,600 42,364 39,400 2,022 3.600 50,614 76 139 100 525 36.772 87,386 {dl Govèrnance Costs Audit F8èS Accountln9 & Payroll FEes 3,900 3,900 3,600 3,800 1.218 1,218 1,182 1,182 Honorarium- A¢¢ounl?nt 5,500 10.618 9.782 9,782 Total re$ourc•s oxpvndod In tho year 335 786 80 030 416 816 355919 397 707 Page 17 of 21
Parish of St Mary's, West Hoisley. Surrèy 4. Stsff and Other People Costs 2024 2023 (al Salarles Salaries & Nallonal Insuran¢e Pension 78.326 76,467 2,566 80.956 Slaff numbers: Full lime Part lime No employee re¢ehJed emoluments in excess of £60,000 in the year. The number of part tlme employees decreased to 3 for the final quarter. 2024 2023 Ibl Honorarlum Bookkeeping 5.500 (cl Payments to PCC members Pago 18of21
Parlsh of St Mary's, West Horsley* Surrfry 5. Fixéd Assets Car Chur¢h Lap.top park equlpmont computèr Total Cost At 1 January 2024 Additions At 31 December 2024 Depreciation At 1 January 2024 Depreciation forthe year Al 31 Dember 2024 1,500 72252 2,799 76,551 1,500 72,252 2,799 76,551 53,350 8,279 61,629 2,799 56.149 8,279 64,428 2,799 Not book valug 1,500 10,623 12,123 In 2022 & 2023 Ihe PCC invested in audio visual equipment including monitors to upgrade faGilities for our seNices in the church and to enable live stregming of serViS such as C8101s by Candlelight. The PCC have tille to Ihe Wheelhouse which was previously"conse¢rated"and adjacent land. The Wheelhouse is a 1980's bullt bullding in East Lane, and because it was in the pa$1 consecrated il has never been included as an asset in the Accounts. Appli¢alion has been made to Guildford Borough Council for change of use to residential. No exisling use velualion of the building exisls but in view of its age its value is likely to be modest, although the value of the land with residential consent is estimate lo be the region of £1million. 6. Debtors 2024 2023 Pr¢paymenls G5ft aid daim Other d6blor8 4.264 21,901 917 23,357 573 24.847 7. Credltorn 2024 2023 Creditors and accruals Mission 9rants 21.834 15,508 33,813 Page 19 of 21
Parlsh of St Mary's, West Horsley, Surrey 8 Creditors moro than one year A loan was given to the Ghurch for 8 term of 5 years for the building project 9. Funds Re5tr1cted funds Bulldlng Repalr5 Fund Buildlng Fund Other funds Totsl Balance at 1 January 2024 Incoming resources Resources expended Transfers Balanc• at 310oc8mbèr 2024 7.260 88,542 459,921 176,139) 13,213 109,015 5,503 465,510 13,8911 180,030} 472.324 14 825 494 495 The'other funds, relate to specific ¢hurch activities, also to special appeals and collectlons with d&tails shown In notes 1 and 2(a> and 3(8} to these accounts. General funds Unre6trlct9d Balance at 1 Janua 2024 ratln Su lus for ear New Church Centie & Church reorderin Balonce at 31 Do¢ombor 2024 169,864 In 2022 the PCC Designated £50,000 of Unre81ricted General Resetves to the Buil(Jing Fund. A further £25.000 was deslgnated by the PCC in 20.23. '0'f this £50.614 was expended in 2023 and the balance £24.386 utilised In 2024, towards the archileclural and other profess)81 fees lor the work required prior lo submisslon of the planning & faGLtlly applications. for the Church Centre and reordwing of the chur¢h. 10. Analysis of net assets Unrastflct4d funds Rèstrlctsd funds Total 2024 Total 2023 Tangible fixed a$$ets CUrnt assets Liabililie$- falllng due within one year Liabilittes-falling due after one year 12.123 213,888 43,281 12,123 713.383 43.281 5.000 677.22$ 20,402 292.290 33,813 499.495 5.000 18 730 Page 20 of 21
Parlsh of St Mary's, West Horsley, Surroy 11. Transactlons with connected chari*i•s Durlng 2014 Samcot Trust purch88ed a property {7 W8Ston Lea, West Horsley) for the charitable purpose of providing a¢commodatlon for the Sl Mary'5 Children's & Youth minister. The PCC a_greed lo commence rental payments to Samcol Trust in Oclob8r 2014 in the fom of 9rant8 lo Samcot Trust, as deemed necessary, toward8 expenditure relating lo the property. Slnce March 2015 the property has been occupied by the Children's & Youth minister and his spouse until they moved away in January 2025. The PCC wlsh Samcol fo retaln tho property for church use in the future and have re801ved while the property 1$ uno¢cupled to cover Samcot's mortgage c08ts on the property. Paymonts mado to Samcot Trust 2024 2023 Rental payments Grants towards property expenses 12,000 140 12.OQNJ 90 12. Capltsl Commitrnpnts At the year end the PCC had outstanding capital commitment8 totalling £nil {202&Nil) Pagg 21 of 21