Parish of St Mary's West Horsley Trustee Annual Report and Financial Statements for the
Year ended 31 December 2025
Stmarys
WEST HORSLEY
Parish of St Mary's
West Horsley
Trustee Annual Report & Financial Statements
Year ended 31 December 2025
Page 1 of 25

Parish of St Mary's West Horsley Trustee Annual Report and Financial Statements for the
Year ended 31 December 2025
Contents
Page
PCC Trustees Report
3-10
Audltors Report
11-14
FlnanclalActivities forthe year ended 31 Decomber 2025
15
Balance Sheet
16
Notes to the Financlal Statements forthe year ended 31 D8cember2025
17-25
Page 2 of 25

Parish of St Mary's West HorsLey Trustee Annual Report and Financial Statements for the
Year ended 31 December 2025
(Prepared in accordance with the Charities SORP2025 (FRS 102) Ti8r 2-Accruals Basis, and th8
CharitiesAct2011)
1. Reference and Administrative Details
Charlty Name: West Horsley Parochial Church Council
Registered Charity Number: 1179116
Church Office: The Wheelhouse 82 East Lane, West Horsley. Surrey KT24 6LQ
Date appointed or reappointed
Incumbent & PCC Chair
Rev'd Philip Herrington
March 2016
Curate
Rev'd Rachel Clark
July2024
Licensed Lay Minister
Mary McALlister
Wardens
Caroline Titford- warden since October 2020
Vicky Rutherford- warden since April 2024
Elected PCC Members l Trustees (serving during 2025)
Maggie Simmonds
(Vice Chair & Deanery Synod Representative)
Richard Boyd (Deanery Synod Representative)
Barbara Firth
Michael Gercke (Treasurer since April 20201
Ellen Harris
Carolyn Palmer (Deanery Synod Representative)
Mark Pinks
Chris Puddle
Kellie Smitheman
Fiona Trinder
April 2023
April 2024
April 2025
April 2023
May 2025
April 2023
April 2023
April 2024
April 2025
April 2024
April 2025
April 2023
Simon Williams
Oliver Windridge
Safeguarding Off icer
Hazel Black
January 2023
Page 3 of25

Parish of St Mary's West Horsley Trustee Annual Report and Financial Statements for the
Year ended 31 December 2025
PCC Secretary
Lynda Ridge
Bankers: Lloyds Bank plc
Auditors: CMB Partnership Limited
2. Structure, Governance and Management
St Mary's PCC operates underthe Parochial Church Counclls {Powers) Measure 1956 and the Church
Representatlon Rules. Members are elected forthree-yearterms bythose on the Church Electoral Roll.
The PCC meets bi-monthly. In addition to these six regular meetings, the PCC had a special meetingthis
yearto considergranting a bridging loan to SamcotTrustto enable the purchase of a house to be
occupied by the Youth workeronce recruited in 2026.
2.1 Subcommittees & Teams
Standing Committee- comprising Rector, Curate. Church Wardens. Vice Chair of PCC,
Treasurer and an elected member of the PCC meets bi- monthly and has power to transact any
business of the PCC between its meetings, subject to anydirection given bythe PCC.
Fabrlc Committee- care ofthe Church building & church yard including quinquennial works and
ofthe church h8118t the Wheelhouse. and the Rectory.
Mlssion Commlttee- workswith our Mission Partners and allocates funds given to it by the PCC
and promotes the work ofthe Mission Partners to the congregations.
Chlldr8n & Youth Team- leading ofthe Children &Youth groups.
Pastoral Caro Tegm- home visits, bereavement support.
Bulldlng ProJ6ct Team - set up in 2021 to develop plans for the new Church Centre and Church
reordering.
Eco team- seek to promote greater awareness of eco matters and how the church can contribute
to environmental sustainability.
Bereavam8nt t8am- supports those grieving and runs the Bereavementjourney course.
The Rector and Wardens also meetweeklyto ensur8 the smooth running ofthe church.
2.2 Risk Management
Key risks assessed in 2025 included:
Safeguardlng-the Safeguarding Officer and DBS assistant have been vigilant in ensuringthat
Safeguarding remains a high priorityand thattraining and DBS checks are promptlycarried out.
Page 4of 25

Parish of St Mary's West Horsley Trustee Annual Report and Financial Statements for the
Year ended 31 December 2025
Once a year on Safeguarding Sunday both morning sewices are devoted to a relevant aspect of
Safeguarding. Safeguarding is a standing item for PCC meetings.
Flnanee- monthly management accounts are reported to both the PCC and the Standing
Committee and monitored against the agreed budget. Almost all income is from Parishioners with
a substantial proportion given by relatively few individuals. To compensate for this the church
holds a generous level of Free ReseNes.
Bulldlng health & safety- regular inspections and maintenance programmes continue to be in
place. A def ibrillator training course was held.
3. Objectives and Activities
The PCC'S charitable purpose is to promote th8 whole mlsslon of the Church: pastoral, evangelistic,
social, and ecumenical.
3.1 Public Benefit
The PCC confirms that it has considered Charity Commission guidance on public benefit and ensures
that worship, community activities. and pastoral support are open and accessible to all,
3.2 Core Activities
Weeklyworship Itraditional, contemporary all-age services).
Mid-week Communion.
Weddings, funerals, baptisms.
Children & Youth ministry (Sunday groups across age ranges, Reclaim Youth group on Sunday
evening).
Home Groups.
Men's Fellowship Group.
Women's Fellowship Group- Heart & Soul.
Bereavement course.
Alpha course.
Community outreach (Noah's Ark Baby & Toddler group. Friday Community Café, Monthly Lunch
Clubl.
Pastoral support {Visitingteam, prayer ministry).
Maintaining an historic Grade I listed building.
Page 5 of 25

Parish of St Mary'swest HorsleyTrustee Annual Report and Financial Statements forthe
Year ended 31 December 2025
4. Achievements and Performance (2025)
4.1 Worship & Discipleship
Average Sundayattendance: 110 adults of which 45 attended the 9 am traditional service and 65
the contemporary 10.45 family seNice. The latter has seen new families joining us this year.
Attendance at Christmas, E85ter, and Remembrance exceeds 200 adults.
Sermons up108ded to YouTube. The key sermon themes in 2025 were a study ofst Paul's Letterto
the Ephesians in the Spring, a summerterm spent looking at'who is Jesus and the Kingdom
Parables he told" and the" Spiritual Disciplines" during the autumn term.
In September a church weekend was held at High Leigh conference Centre to which
approximately 120 adults and children & young people attended. The theme ofthe weekend was
'EncounteringJesus" In addition to the formalworship & teaching sessions. therewere
workshops and social activities, However. a key part of these weekends is the opportunityto get
to know each other better.
4.2 Community Events & Outreach
Noah's Ark Baby & Toddler Group meets weekly in Term time and averages 25 children plus their
parents/carer8. The main constraint to further growth ofthis ministry is18ck of space in the
Wheelhouse.
The Friday Café in the Wheelhouse averages 25 a week.
Both No8h'8 Ark 8nd the Frid8y Café attract a significant number of non-church goers.
A Bereavement course was held in the Spring with18 attendees.
Two Alpha courses were held forthe spiritually curious with 29 attendees across the two courses
with autumn 2025's beingthe largest course for more than a decade.
A professionally produced Parish Magazine is distributed twice a yearto the parish at Chrlstmas &
Easter.
A community BBQ on a new housing development inwest Horsley.
4.3 Children &Youth Ministry
Sunday Children's groups attendance averaged 11 each week but is showing growth particularly
amongst the older age group.
Reclaim Youth Group averaged 12 each week
Our Children's & Youth Minister left in December 2024. Whilst our children's and youth work has
continued to flourish, the lack of a full-time leader prevented the church organising its usual Easter
Trail and the popular Superheroes Halloween party. The PCC decided to recruit both a Youth Leader
and a Children's & Familyworker and a Candidate forthe later has now been recruited. Efforts to
recruit a Youth leader continue.
Page 6 of 25

Parish of St Mary's West HorsLey Trustee Annual Report and Financial Statements for the
Year ended 31 December 2025
4.4 Men's & Women's Ministry
These two groups held a number of events, some purely social and some with spiritual input usuaLly with
an external speaker.
4.5 Weddings. Funerals and Baptisms
4Weddings and 7 Funerals. In addition. the clergy off iciated at 9 crematorium services, 6
interring of ashes and 2 burials.
4 infant baptisms and 4 adult baptisms
4.6 Fabric & Buildings including the Rectory
Quinquennial inspection completed in Januarywith no major concerns.
Normal ongoing regular inspections.
Repairs to pavingon the 8pproach north path to the Church, extensive external stonemasonry
repairs to the blocked lancetwindows, joints &voussolr ofvestrydoor and north porch door,
quoins and internal cracks filled.
Upgrade and refurbishment of the rectory kitchen.
In July 2024 planning applications were submitted to Guildford Borough Council for the building of
a Church Centre on land adjacent to the churchyard. and for outline residential consent for one 5
bed property on the current Wheelhouse site. In June 2025 at a meetingwith Guildford Borough
Councilwe learnt of relatively limited changes raquired to our plans. The BuildingTeam have
since amended the plans and resubmitted them and we await the Council's further consideration
but remain optimistic of receiving planning consent. The Church Centre is of strategic importance
as it would enable the Church familyto worship together on one site, thereby reuniting the two
Sunday morning congregations. as well as providing a fantastic base to further seNe the
community.
In the meantime. fundraising has continued during 2025 includingseveralfundralsing events and
initiatives.
4.7 Environmental Initiatives
Having achieved the Bronze Eco church award in 2023. the team commenced workingforthe
Silver award.
Issued monthly Eco tips to th8 congregation.
Held two Batwalks in the church grounds.
Energysupplier reviewtookaccount of green energy supply.
Eco surveys sentto allthe congregation to gauge the extent of their embracingof environmental
opportunities.
Page 7 of 25

Parish of St Mary's West Horsley Trustee Annual Report and Financial Statements for the
Year ended 31 December 2025
4.8 Other
The PCC invited a Church Organisational Health Consultant, Andrew Bagwell, to spend a week
with u8 to assess howwe operated and where we should focus our resources goingfo￿ard.
The PCC updated our Parish Needs Profile.
5. Financial Review
5.1 OveNiew
Total Operating income for 2025 was £338.498, compared to £348,652 in 2024. Regular church income
from the congregation (includinggift aid) was slightly down on 2024.
In addition. Restricted Income for 2025 totaled £286.786 ofwhich the major componentwas fund8
raised for the building project.
Operating costs{excluding refurbishment ofthe rectory kitchen) at£289,995 compared to £311,400 in
2024 principally due to Lower staff numbers. In addition to the Children's & Youth Minister, ourworship
and Communications staff members also left in 2024 and have not been replaced. In addition, the
refurbishment of the rectory kitchen (normally a diocesan expense) costed £18,568 net of a donation of
£5.000.
In summary the Accounts for the 12 months to 31 Dec8mber2025 show an operating surplus, after
includingthe rectory kitchen expenditure, of £29,935 compared to £37,252 in 2024.
5.2 Reserves Policy
The PCC aims to hold approxlmately4 months, operatlng costs as free reseNes1£100,0001.
Fund balances atyear-end:
Unrestricted Free ReseNe8: £172,665
Whilst Free ReseNes are considerably higherthan policy a small number of parish givers represent a
substantial proportion of the income, such that if they leave income is likely to be significantly impacted
and the Reserves WILL be needed to manage the reduction.
Designated: £40,000
The PCC has set aside Designated Reserves forthe restoration and repairof the historic De Berner
window in addition to monies held in Restrlcted funds, and forthe purchase and setting up of 8 new car
parkto supplement the existing car park.
Restricted.. £ 747,987
Full details of the various Restrlcted Funds is included in Note 1 to the Accounts.
Page 8 of 25

Parish of St Mary's West Horsley Trustee Annual Report and Financial Statements for the
Year ended 31 December 2025
Full details of the various Restricted Funds is included in Note 1 to the Accounts.
5.3 Principal Funding Sources
Planned parish giving.. £322,867
Grants.. £500 for General funds, and £9,056towards repair & restoration ofthe De Berners
window. The PCC thanks the following organisations forthese grants: West Horsley Parish
Council. The BenefactTrust, Horsley Community Fund. Horsley & Bookham Rotary, Hor$leyArts
Society, and Surreychurches Preservation Trust
Fees: £6,008 Iweddings. funerals)
Hire of the Wheelhouse: £971
Interest income: 24.606
5.4 Going Concern Statement
The PCC confirms that it is appropriate forthe Accounts to be prepared on a going concern basis. The
PCC is required to lookforward for a period of 12 months from the date the Accounts are signed. The
budgetfor 2026was approved in January 2026 with an operating surplus of2 14,702. Combined with
strong Reserves the PCC is satisfied the charity remains a going concern for the foreseeable future.
6. Plans for the Future {2026)
Recruitment of a Youth leader and a part time Children's & Family worker
Fundraising for the building project and proceeding with next stages once planning permission is
received.
Alpha courses will continue to be regularly held.
The Bereavement course will be held in the Spring.
Initiatives to further reach out to the community
7. Statement of Trustees, Responsibilities
The trustees are responsible for preparingthe Annual Report and Financial Statements in accordance
with applicable law and UK accounting standards. They must:
Select suitable accounting policies.
Makejudgements and estimates reasonably.
Prepare accounts on a going-concern basis.
Safeguard the charity's assets and ensure proper records.
Page 9 ot 25

Parish of St Mary's West HorsleyTrustee Annual Report and Financial Statements for the
Year ended 31 December 2025
ApprovaL of Trustees Report
Signed on behalf ofthe PCC:
Rev Phi
erringto
Rector and Chair ofT
stees
Date: 12 March 2026
Pag8 10 of25

Parish of St Mary'swest HorsleyTrustee Annual Report and Financial Statements forthe
Year ended 31 December 2025
INDEPENDENT AUDITOR'S REPORTTOTHE MEMBERS OFTHE PCC OFTHE
PARISH OF ST MARY'S WEST HORSLEY
Opinion
We have audited the financialstatements of The Parish of St Mary's West Horsl8y (the'church'l forthe
yearended 31 December2025 which comprise the Statement of Financial Activities. Balance Sheet and
notes to the financial statements. including a summary of signif ic8nt accounting policies. The financial
reportingframeworkthat has been applied in their preparation is applicable law and United Kingdom
Accountingstandards. including Financial Reporting standard 102 The Financial Reportingstandard
applicable in the UK and Republic of Ireland (United Kingdom GenerallyAccepted Accounting Practice).
In our opinion. the financial statements:
give a true and fairview ofthe state ofthe church's affairs as at 31 December 2025 and of its
incoming resources and application of resources forthe yearthen ended;
have been properly prepared in accordance with United Kingdom GenerallyAccepted Accounting
Practice. and
have been prepared in accord8nce with the requirements of the Charities Act 2011 and Church
Accounting Regulations 2006.
Basis for opinion
We conducted our audit in accordance with International St8ndards on Auditing {UKI (ISAS IUKI) and
appliGable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the f inancial statements section of our report. We are independent of the
church in accordance with the ethical requirements that are relevant to our audit of the f inancial
statements in the UK, includingthe FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe thatthe audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relatingto going concern
In auditing the financial statements. we have concluded thatthe PCC'S use ofthe going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the workwe have performed, we have not identified any material uncertainties relatingto
events or conditions that individually or collectively, may cast signif icant doubt on the church's ability to
continue as a goingconcern for a period of at leasttwelve 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.
Page11 of25

Parish of St Mary's West Horsley Trustee Annual Report and Financial Statements for the
Year ended 31 December 2025
Other information
The other information comprises the information included in the annual report other than the financial
statements and our auditor's report thereon. The PCC are responsible for the other information
contained within the annual report. Our opinion on the financial statements does not ¢overthe other
information and, except to the extent othernise explicitly stated in our report, we do not express any
form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing
so, consider whether the other information is materially inconsistent with the financial statements or our
knowledge obtained duringthe audit or otherwise appears to be materially misstated. If we identify such
material inconsistencies or apparent material misstatements, we are required to determine whetherthis
gives rise to a material misstatement in the financial statements themselves. If, based on the work we
have performed. we conclude thatthere is a material misstatement ofthis other information, we are
required to report thatfact.
We have nothingto report in this regard.
Matters on which we are required to report byexception
We have nothingto report in respectof the following matters in relation to which the Charities (Accounts
and Reports) Regulations 2008 require us to report to you if, in our opinion:
the information given in the PCC'S report is inconsistent in any material respect with the financial
statements. or
suff icient 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 allthe information and explanationswe require for our audit.
Responsibilities of trustees
As explained more fully in responsibilities statement set out on page 3 the PCC are responsible forthe
preparation of the financial statements and for being satisfied that they give a true and fair view. and for
such internal control as the PCC determine is necessaryto enable the preparation of financial
statementsthat are free from material misstatement, whether due to fraud orerror.
In preparingthe financial statements, the members ofthe PCC are responsible for assessingthe
charity's ability to continue as a going concern, disclosing, as applicable, matters related to going
concern and usingthe goingconcern basis ofaccounting unless the PCC either intend to liquidate the
charity or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditors under section 144 of the Charities Act 2011 and report in
accordance with the Act and relevant regulations made or having effect thereunder,
Our objectives are to obtain reason8ble assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that
includes ouropinion. Reasonable assurance is a high level of assurance but is not a guarantee that an
audit conducted in accordance with ISAS IUKI will always detecta material misstatement when it exists.
Page12of25

Parish of St Mary's West Horsley Trustee Annual Report and Financial Statements for the
Year ended 31 December 2025
Misstatements can arise from fraud or error and are considered material individually or in the aggregate,
they could reasonably be expected to influence the economic decisions of users taken on the basis of
these financial statements.
Irregularities, including f raud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities. outlined above, to detect material misstatements in respect
of irregularities. including fraud. The extent to which our procedures ar8 capable of detecting
irregularities including fraud is detailed below:
.Discussions with and enquiries of management and those charged with governance were held with a
view to identityingthose18ws and regulations that could be expected to have a material impact on the
financial st8tements. Duringthe engagemontteam briefing. the outcomes of these discussions and
enquiries were shared with the team, as well as consideration as towhere and howfraud may occur In
the entity.
The following laws and regulations considered to have a direct effect on the financial statements include
UKfinancial reporting standards, Charity Law and Pensions legislation. Those laws and regulations for
which non-compliance may be fundamental to the continuing operations ofthe Church and therefore
may have a material effect on the financial statements include health and safety legislation,
employment law and GDPR.
Audit proceduros undertaken in response to the potential risks relating to irregularities (which include
fraud and non-compliance with laws and regulations) comprised of enquiries of management and those
charged with governance as to whetherthe Church complies with such laws and regulations. enquiries
with the same concerning any actual or potenti81 litigation or claims. inspection of any relevant legal
correspondence. review of PCC board minutes. testingthe appropriateness of journal entries. and the
performance of 8n8Lytical reviewto identify unexpected movements in account balances which may be
indicative of fraud.
No instances of material non-compliance were identified. However, the likelihood of detectlng
irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities. the
effectiveness ofthe entity's controls, 8nd the nature, timing and extent of the audit procedures
performed. Irregularities that result from fraud might be inherently more difficult to detect than
irregularities that result from errors. 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 IUKI.
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at:
. This description forms part of our auditor's report
Use of our report
Page13of25

Parish of St Mary's West HorsleyTrustee Annual Report and Financial Statements forthe
Year ended 31 December 2025
This report is made solelyto the members ofthe PCC, as a body, in accordance with Part 4 ofthe
Charities (Accounts and Reports) Regulations 2008. Our auditwork 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 8nd for no
other purpose. To the fullest extent 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, forthis report. orforthe
opinions we have formed.
CMB Partnership Limited
StatutoryAuditor
7WeyCourt
Mary Road
Guildford
GUI 4QU
Date: 11 March 2026
Page 14of 25

Parish of St Mary's West Horsley Trustee Annual Report and Financial Statements for the
Year ended 31 December 2025
Financial Statements
(Prepared in accordance with Charities SORP FRS 102- Tier2Accruals Basis) (Prepared in accordance
with Charities SORP 2025)
Statement of Financial Activities (SOFA) For the Year Ended 31 December 2025
Unrestrlcted
Funds
Restrlcted
Funds
Total Unrestrlcted
Funds Fund8
Ro$trlcted
Total
Funds
Note
2025
2025
2025
2024
2024
2024
OPERATING INCOME
Donations, grgnts, fees and
othergeneral Church income
Income from inv8Stmenrs
Other Income
2181
331,558
16.639
348,197
340,872 j
4,290
345,162
21cl
21dl
4.606
2,334
4,606
5,062
4,914
2,866 1
4,914
4,166
2,728
1,300
TOTAL OPERATING INCOME
338.498
19.367
357,865
348,652
5,590
354,242
OPERATING EXPENDITURE
MSssion, chgritable giving and
Diocese Parish Share
Church activities & Operating
Expenditure
Rectory Maintenance
Govemance costs
31al
143,119
4,423
147.542
136.476
2.606
139.082
31bl
132,876
1.708
134.584
162,507
1.285 1
163,792
31cl | 18.568
31el
14,000
23,568
14,000
1,799
10,618 1
1.799
10,618
308.S63
11,131 j
319,694
311.400 |
3.891
315,291
OPERATING
SiIRPLUSIIDEFI¢ITI
29,935
8,236 1
38,171
37.252 1
1.699
38.951
NEWCHURCH CENTRE&
HURCH REORDERING
5ncome
21bl
31dl
267,419
122,1631
267,419
122,1631
459.920 1
459.920
176.1391 1100.5251
Expenditure
NET INCOMEIEXPENDITURE
ON CHURCHCENTRE&
CHURCH REORDERING
124,3861
245,256
245,258
1243861
383.781
359.395
NETMOVEMENTIN FUNDS
29.935
253.492 1 283,427
12.868
385.480
398.346
B818nc88 8t 1 J8nuary2025
182,730
494,495 1
677,225
169,864
109,015
278,879
B8len¢e8 at 31 December2025
212.665
747,987
960,652
182,730
494.4
677,225
Page 15of25

Parish of St Mary's West Horsley Trustee Annual Report and Financial Statements for the
Year ended 31 December 2025
Balance Sheet at 31 December 2025
Note
2025
2024
Flxed Assets
Tanglble
4,533
12,123
Current Assety
Debtors
59,006
27,680
Shortterm deposits
)8,089
660,755
Cash at bank
26,055
24.948
Total Current Assets
993.150
713,383
Current Llabllltles
Creditors- amounts falling due within one year
137,0311
143.2811
Net Current As38t8
956,119
670,102
Loans due after one year
15,0001
TOTAL NET ASSETS
960.652
677,225
PARISH FUNDS
Unrestrlcted- Free Reserves
172,665
182,730
Unrestricted- Designated Reserves
40,000
Restricted Reserves
747,987
494.495
TOTAL FUNDS
960,e52
677,225
Page 16of25

Parish of St Mary's West HorsLey Trustee Annual Report and Financial Statements for the
Year ended 31 December 2025
Approved bythe PCC and s
ed on its behalf on 12 March 2026 by:
Victoria G Rutherford
Michael D Gercke
Church Warden
Treasurer
Notes to the Financial Statements
1. Accounting Policies (SORP FRS 102-Tier 2)
The f inancial statements are prepared under the historical cost convention in accordance with
FRS 102 ITier 21. the Charities SORP (FRS 1021, and the Church Accounting Regulations.
The PCC is a public benef it entity.
Income: Recognised when entitlement. probability, and reliability criteria are met. Donations are
recogrlised on receipt unless related to future performance conditions. Gift aid is recognised
when the incoming resource to which they relate is received.
Grants & Legacles: Recognised when the PCC is legallyentitled to the amounts due.
All other Income: Recognised when it is receivable.
Resources expended: Grants and donations are accounted forwhen paid over, orwhen
awarded, if that award creates a bindingor constructive obligation on the PCC. Amounts received
specifically for mission are dealt with as restricted funds and disbursed at agreed intervals.
Repalrs recommended following Quinquennial inspections are included once contracted for and
expense incurred. All other expenditure is recognised when it is incurred and is accounted for on
a gross basis.
Fixed Assets: Consecrated and beneficed propeity is not included in the accounts in accordance
with the Charities Act 2011. Equipment such as audio-visual equipment and other equipment
used within church premises. including portable computers and office equipment, costing in
excess of £5,000 is depreciated over4 year period.
Funds: Classified as Unrestricted (including Designated), and Restricted. Unrestricted funds are
generalfunds which can be used for ordinary PCC purposes although the PCC can set aside
(Designated) funds for spgcific purposes.
Restricted funds represent (al income from trusts or bequests. and which may be expended only
on those restricted objects provided in terms of the trust or bequast, and {bl donations received
fora specific object. The funds mayonly be expended on the specific object for which theywere
given. Any balance remaining unspent at the end of 8ach year is carried forward as 8 balance on
thatfund.
Buildings Repair Fund
Donations. grants and legacies towards the upkeep ofthe
church building. During 2025 the fund received donations and
grants towards the restoration and repair of the historic De
Berner-stained glass window.
Page 17of25

Parish of St Mary's West Horsley Trustee Annual Report and Financial Statements for the
Year ended 31 December 2025
Rector s Resource Centre
The fund is used to purchase books and other media for use by
the congregation.
Noah's Ark
Donations from those who attend are spent on the activities of
this baby &toddler group within the Children & Youth ministry.
Friday Cafe
Money raised from donations from those who attend is used to
finance costs incurred or for investment in items to further the
ministry
Special Appeals
Money is raised for special causes and paid overto the
beneficiaries at the end of the appeal.
Special Collections
Money is collected in the church at special services and
remitted to a charitable organisation, as decided bythe PCC.
BucketFund
The Bucket Fund, founded in 2018 forthe purpose of relieving
acute f inancial distress for individuals or families known to the
Rectorwithin the congreg8tion, currently holds a ba18nce of
£1,490. During 2025 there was income of £0 and outgoings of
£150 made from the fund in accordance with its Terms of
Reference. Appeals for contributions to the Bucket Fund may
be made in future years at the discretion of the R8Ctor.
New Buildings Fund
The New Building8 Fund was set up in 2023 for donations, grants
and fundraising proceeds towards the planningand buildingof
the new Church Centre and reordering ofthe interior ofthe
church.
Page 18of25

Parish of St Mary's West HorsleyTrustee Annual Report and Financial Statements for the
Year ended 31 December 2025
2. Incoming Resources
Unrestrictgd Rostrieted
Funds
Funds
2025
2025
Total Unrestricted Restrlcted
Funds
Funds
2024
2024
Total
2025
2024
(al Donotions and l¢ga¢l8s
Planned giving..
Regular donations
Tax recoverable
Legacies
Special coll8clions
Grants
Building repair fund incom8
Donations
Fees, weddings & funerals (net)
Other
263,467
59,400
263,467
59,400
272,970
60,573
272,970
60,573
2,583
2,583
500
9,056
7,183
6,008
3.325
3,325
1,000
86
1.544
5,552
112
500
1.000
9,056
5.000
86
767
2,183
6,008
777
5,552
112
331,558
16,639
348,197
340,872
4290
345,162
(b) New Bulldlng Fund
Donations
Tax recoverable
Trusts & Grants
Fundraising events
Bank & deposlt interest
192,322
42,334
1,500
17,515
13.748
267,419
192.322
42.334
1.500
17,515
13,748
267,419
369,070
77.528
3,090
4.604
5,628
459,920
369,070
77,528
3,090
4,604
5,628
459,920
Ic) Income from Investments
Bank & CBF deposit
interest
4.606
4,914
4,914
(d} Income from church
actlvltles
eelhouse letlings
Noah's Ark & Café
Sundry items
971
971
2.728
1,363
5.062
2.790
2,790
1,300
76
2,728
1,300
1,363
2,334
76
2,728
2,866
1,300
4,166
Total Incorning resources In
the year
338.498
286,786
625,284
348,652
465,510
814,162
Page 19of25

Parish of St Mary's West HorsleyTrustee Annual Report and Financial Statements forthe
Year ended 31 December 2025
3. Resources Expended
Unrestrlcted R¢strlcted
Funds
Funds
2025
2025
Total Unrestrlcted Restrlcted
Funds
Funds
Total
2025
2024
2024
2024
(a) Mission, charitable giving
and Diocese Parish Sharo
Charities - overseas
Charities - UK
Special collections
Individuals
12.914
19.371
12,914
19,371
4,273
197
36,755
2.647
108,140
4 423 147,542
13,342
20,012
13.342
20,012
2,376
230
35,960
1,358
101,764
139,082
4.273
150
4,423
2,376
230
2,606
47
32.332
2.647
108.140
143,119
33,354
1,358
101,764
136,476
Local Mission
Diocesan Parish Share
2,606
{b} Church Actlvltles and
Operatlng expendlture
Administrative & Employment
¢osts
Clergy & staff expenses
Ministry, training and other allied
parish activities
Church running and
mainlen8nce
Wheelhouse running Costs
Samcol Trust
Depre¢iation
51,718
9,996
51.718
90.531
90,531
9,996
7,964
7,964
15,004
17.646
662
18.308
13.719
1,285
27,996
1.046
29,042
23,447
23,447
9,418
8,512
7,590
132,876
18,568
9,418
8,512
7.590
1.708 134,584
5,000
23,568
6,427
12,140
8,279
162,507
1,799
6,427
12,140
8,279
163.792
1,799
1.285
Icl Rectory - Malntenance
(dl Church Centre & Church
reorderlng professional fees
Church Centre
Church Reordering
East Lane
Fundraising & Promotional costs
Amount Charged to Designated
fund
16,648
4,620
895
16.648
4,620
895
70,612
15,026
13,123
1,764
124.3861
76,139
70,612
15,026
13,123
1,764
24,386
22,163
22,163
24,386
100,525
(e) Governance cost$
Audit Fees
Payroll Fees
Honorarium5
4,240
1,260
8,500
14,000
4,240
1,260
8,500
14,000
3,gDO
1,218
5,500
10,618
3,900
1,218
5.500
10,618
Total resources exponded In
tho yoar
308,563
33,294 341.857
335,786
80,030
415,816
Page 20 of 25

Parish of St Mary's West HorsleyTrustee Annual Report and Financial Statements for the
Year ended 31 December 2025
4. Staff and Other people costs
2025
2024
{a) Salarles
Salartes & National Insuran
39,837
78,326
Pension
893
2,630
40,730
80,956
Staff numlHs'.
Full time
Part time
No employee received emoluments more than £60,000 in the year. The number of employees decreased
to 2 part time followingthe departure of the Children's & Youth ministerand the Worship. and
Communications staff members.
2025
2024
(b) Honorarium
Bookkeeping
5,500
5.500
Other- Intern Children's worker
3,000
8,500
5,500
Ic) Payments to PCC members
Page 21 of 25

Parish of St Mary's West HorsleyTrustee Annual Report and Financialstatements for the
Year ended 31 December 2025
5. Fixed Assets
Car Church
Laptop
park equlpment
¢ompth$r$
Tot8l
Gosl
At 1 January 2025
1,500
72,252
2.799
76,551
Additions
At 31 December 2025
1.500
72,252
2,799
76,551
Depreciation
At 1 January 2025
61,629
2,799
64,428
Depreciation for the year
7.590
7,590
At 31 December 2025
69,219
2,799
72,018
Net book value
1,500
3,033
4,533
In 2022 & 2023 the PCC invested in audio visual equipment including monitors to upgrade facilities for
our seNices in the church and to enable live streaming of seNices such as Carols by Candlelight.
The PCC have title to the Wheelhouse which was previously"¢onsecrated "and adjacent land. The
Wheelhouse is 8 1960's-built building in East Lane, West HorsLey and because itwas consecrated in the
past it has never been included as an asset in the Accounts. Application has been made to Guildford
Borough Council for change of use to residential as the Wheelhouse will be replaced by the new Church
Centre . No existing valuation of the building exists but in view of its age its value is likely to be modest.
although the value of the land with residential consent is estimated to be the region of £1 million.
Page 22 of 25

Parish of St Mary's West Horsley Trustee Annual Report and Financial Statements for the
Year ended 31 December 2025
6. Debtors
2025
2024
p￿paYmentS
2.447
4,264
Gift aid claim
55,825
21,901
other debtors
734
1,515
59,006
27.680
7. Creditors
2025
2024
Creditors and accruals
16,946
21,834
Mission grants
20,085
21,447
37.031
43,281
8. Creditors more than one year
In 2024 a 108n was given to the church for a term of 5 years forthe building project. The loan has now
been converted into a donation for the fund.
Page 23 of 25

Parish of St Mary's West Horsley Trustee Annual Report and Financial Statements for the
Year ended 31 December 2025
9. Fund Analysis
Opening
Balance
Closlng
Balance
31 December
Expendituro Transfers 2025
1 January
2025
Fund
Income
Unrestrlcted:
Designated
Free Reserves
Restricted Funds..
Building Repairs
Building Fund
Other funds
40000
40,000
172.665
182.730
338,498
308,563
40,000
7,347
472,323
14,825
494,495
677,225
9,056
267,419
10,311
286,786
625,284
15,357
717,579
15.051
747,987
960,652
22,163
10,085
33,294
341,857
Total Funds
The 'other funds, relate to specif ic church activities, also to special appeal8 and collections with details
shown in notes 1 and 2lal and 3lal to these accounts.
The Building Fund is for the proposed new Church Centre. It is proposed a reordering of the church itself
willfollow as a second phase in due course.
Designated funds are funds setaside bythe PCC for two specific projects to be incurred in 2026,
10. Analysis of Net Assets
Unrestrlcted
funds
Re$tri¢ted
funds
Total
Total
2025
2024
Tangible fixed assets
4,533
4.533
12,123
Current assets
245,163
747,987
993,150
713,383
Liabilities- falling due within one year
(37,0311
137,0311
143,281)
Liabililies-falling due after one year
15,0001
212.665
747,987
960,652
677,225
Page 24of 25

Parish of St Mary's West Horsley Trustee Annual Report and Financial Statements for the
Year ended 31 December 2025
11. Transactions with connected charities
During2014 Samcot Trust purchased a propety17We8ton Lea. West Horsleyl for the charitable purpose
of providing accommod8tion forthe St Mary's Children's &Youth minister.
The PCC agreed to commence rent81 payments to SamcotTrust in October 2014 in the form of grants to
SamcotTrust, as deemed necessary, towards expenditure relatingto the propety. From March 2015
until December 2024 the propertywas occupied bythe Children's & Youth minister and his spouse since
when it has been unoccupied.
The PCC wishes to retain a propertyto offer as part of a remuneration packagefor a church worker
Iprobably 8 Youth worker). Samcot decided to sell 7 Weston Lea and purchase a more suitable property
for a family, however pending its sale and while the property is unoccupied the PCC resolved to cover
Samcot's mortgage costs on the property.
A buyorwas found. howeverjust priorto exchange in late December 2025 the chain broke down. which
meant that the purchase of the replacement property could not proceed. As part of the financingforthe
replacement propertythe PCC at a special meeting on 3 December had authorised a short-term bridging
loan of £55.000 to Samcot untilfunds from a mortgage loan offer from Lloyds Bank plc were received.
The shortterm loan is consistent with the church's charitable objective of promoting the mission of the
church as it enables itto offer an attractive remuneration package for a church worker.
It 18 Still the intention to sell Weston Lea and purchase the origin8l replacement property lif it remains
available) or an alternative property but the timing is at present unknown.
Payments made to Samcot Tru$t
2025
2024
Rental payments
8.292
12,000
Grants towards property expenses
220
140
8,512
12.140
12. Capital Commitments
At theyear end the PCC had outstandingcapital commitments totaling £nil12024-Nil)
Page 25 of 25