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 Re8ponsibil1￿es 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 p￿sented 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 A￿pIed
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 eX￿anationS 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 dele￿ing 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 Con￿rning 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
Apr￿2024
Deanery Synod RepresentatS¥es
Carolyn Palmer
Maggie Simmond$
Richard Boyd
4>ri12023
ApAI 2023
Ap￿1 2024
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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 be￿een
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 prog￿88 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 Su￿eSSfUl 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
ChU￿h 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 'conn￿ed 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. Ap￿alS 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<lorfng
Donations
Tax reGDvera>le
Trusts & Grants
Fundralsing
Bank & dgpo8it int¢r6St
369.071 369,071
77,528
77.528
3.090
3,090
4,604
4,604
5.628
5,628
60.750
8.963
50.000
338
262
60,750
8.963
50,000
338
262
459 921 459 921
120 313
120 313
Icl Incomo from
Invèstrnents
B8nk & CBF deposlt
ihtérè5t
Idl Other Incomè
Who•lhou8e lettings
Sundry items
2,790
76
2,790
76
1,529
49
1,529
49
1.578
TDtsI Incom5ng r•SOur¢￿ In
the year
465 510 8t4 162
325,309
127 208
Pa9e 16 of 21

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
Daprecia￿On
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 De￿mber 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 serVi￿S 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
CUr￿nt 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