## **2024 Report and Accounts for the Parochial Church Council of the Ecclesiastical Parish of St Philip, Norbury. Registered charity number 1185830 Annual Report of the Trustees (PCC) for 2024** ## **AIMS and PURPOSES:** St Philip’s Parochial Church Council (PCC) has the responsibility of cooperating with the incumbent Vicar, the Reverend Cordella Dawson, who was Collated to the benefice on 25[th] May 2022, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the finances and maintenance of St Philip’s Church, Church Hall complex and grounds. Within our overarching aim we proclaim our mission to be captured in this statement: ## _Worshipping God_ _Walking together in faith Warmth and width in fellowship With our aim to reach out to serve and welcome_ During 2024 the PCC supported Mother Cordella, and the congregation, in an overhaul of the parish Mission Action Plan (MAP) and the Mission Statement. This process began with a Parish Mission Day in June 2024 and has included consultation on ideas and content with the congregation since. The reviewed MAP and updated Mission Statement were launched on Easter Day, 2025. The three-year plan will continue building on the community's generosity, including through the stewardship scheme, so the community of St Philip’s can increasingly experience the joy of supporting its church. ## **WORSHIP:** Servers, robed choir and Chalice assistants participate in principal services. The rota for lay participation in intercessions and readings on Sundays and principal feast days welcomed some new volunteers. Within a “relaxed-Catholic” tradition of worship, St Philip’s caters for the spiritual needs and interests of all. There is a weekly Holy Communion service on a Wednesday morning along with morning prayer on a Tuesday and Thursday, Sunday services of Holy Communion each week and Choral Evensong approximately every other week (during school term time). During the year visiting preachers / speakers brought an enjoyable variety of different styles to the worship to support particular themes such as celebrating diversity which has been enriching and stimulating for our congregation. A full choir of boy treble and male lower (Alto, Tenor, Bass) voices enhances the worship throughout the year with a repertoire and standard of singing usually associated with Cathedrals. This is a particular feature of St Philip’s which is supported and encouraged by the PCC. There remains a commitment to appointing an Assistant Organist, as well as to grow and nurture home talent from the choir community, to work alongside the Musical Director, Sam Coates, and provide continuity of music when the choir is away. The electoral roll was revised in 2024 and the certificate recorded 93 on roll (in 2022 it was 87). In 2025 the electoral roll will start again from zero and be fully renewed. Everybody who is entitled to be on the roll will be required to complete the declarations on an enrolment form. The PCC is committed to God’s work following the Diocesan mission to be Christ-centred and 1 The Parochial Church Council of the Ecclesiastical Parish of St Philip, Norbury is a registered Charity, number 1185830 outwardly whilst also focusing on “growing young” and using its resources wisely to repair and maintain the fabric of the church and church hall. ## **OBJECTIVES and ACTIVITIES:** The PCC, with the help of the congregation, is faithful to articulating, and living out, our vision of what we want to be and what our mission means to us. The church is shared under a formal agreement with the Assembly of the First Born. A community of Urdu-speaking Pakistani Christians gathers regularly to worship in their own language. The relationship with the latter is particularly strong in fellowship and practical support of fundraising events. Whilst progress has been interrupted by unexpected formalities, the PCC remains committed to essential plans to refurbish the toilets in the hall which will improve disabled access. Croydon Council is properly involved in the project and we are hopeful of a positive step forward in 2025. Funds for this critical improvement have been ring-fenced in the budget. Following a significant issue with the boilers, just before Christmas, 2024, the PCC is accelerating replacement, having due regard for the move towards sustainable energy, of the central heating systems which service the church and the hall complex. Expensive monitoring and exploratory / remedial works continued during 2024 in relation to cracks in the church building and the PCC is engaged with professional bodies, specialist engineers and our insurers, in this regard. With so many maintenance challenges taking time and energy, Church Officers and PCC members need to pay attention to their own prayers, spiritual needs and desires to worship. A thought provoking and refreshing _Parish Conversation_ with the Archdeacon and Diocesan Director of Communication at the beginning December 2024 helped PCC refocus on what we celebrate about St Philip’s and what obstacles might be in the way of making our dreams a reality. ## **ACHIEVEMENTS and PERFORMANCE:** The day to day running of St Philip’s is delivered by volunteer Church Officers, PCC members and others alongside the Vicar, through a process of sharing the administrative and organisational tasks. This includes production of the quarterly printed Parish magazine and weekly pew sheet. The magazine is circulated, by subscription, beyond the Parish boundary. Mother Cordella designed bespoke order of service booklets, printed in house, for special feasts and events to support understanding and participation. St Philip’s is not immune to the spreading recognition of heavy and often overwhelming reliance on volunteers in the Church of England and is conscious that new blood and many more willing hands are needed to spread the load and invigorate participation in the running of the church and hall. In 2023, the PCC resolved to recruit and employ a part time Administrator to support the operation of the Parish office and relieve volunteers. This intention remains and the vacancy was advertised in March 2025 with an allowance for an appropriate salary in the budget. Deployment of a contactless payment device is now embedded as a valuable, modern, aid to monetary giving at St Philip’s. Visitors, including those from overseas, welcome the “tap to give” option of supporting God’s work at St Philip’s. Contactless has also been used successfully at fundraising events and, with a Parish Administrator in post, could be used for payment of hire charges for the halls. A varied programme of social, fundraising and outreach activities was offered during the year, orchestrated by the Social Committee, including popular favourites such as the quiz and curry nights, Christmas and Summer Fairs and two concerts by the St Philip’s Players orchestra. The halls are well occupied by regular hirers creating good links with families in the local community. They include a busy local Dance Academy providing classes from age 3 to adulthood; a popular 2 The Parochial Church Council of the Ecclesiastical Parish of St Philip, Norbury is a registered Charity, number 1185830 weekly Playtime parent and toddler group; two badminton clubs and a karate club. The table tennis club playing every Friday morning is flourishing to the extent that it may introduce a second session due to growing numbers. A local residents’ association holds monthly committee meetings in the hall whilst another stages an annual barn dance. The halls are also home to Irish Dance competition days. Modest charges paid by hall users delivers a significant income stream to the church with regular use topped up by ad hoc functions including children’s birthday parties and life events. The hall is run by a volunteer Manager and an Assistant Manager and a paid cleaner / handyperson employed by the PCC. The PCC is aware that upkeep of the hall facilities is vital to preserve this financial and community asset. Recent investment was made in the kitchen to repair the floor and refresh the cupboards and carpentry in the kitchen. The PCC appointed an Architect, Sue Kent, to undertake the Quinquennial Inspection (QI) in June 2019 and reappointed her to complete the QI in June 2024. The PCC has also worked with her on matters relating to the cracks in the west walls of the church. Whilst we may have grown used to the ugly, but necessary, internal propping up of the area the PCC looks forward to the time when the results of monitoring lead to satisfactory repair and restoration – likely to be in the middle of 2025. ## **FINANCIAL REVIEW** ## **Financial Report, Annual Report to APCM 2025 (financial year ending 31[st] December 2024)** - The **receipts** to the General Fund for 2024 were more than we budgeted for, at **£70,599** (budget of £69,380). This was more than our receipts in 2023, which were £67,147. The main contributing factors to this were favourable phasing of income tax refunds from the HMRC and an increase in hall rental income. - Our **expenses** (General Fund Payments) were **£98,116** , versus a budget of £116,850. This underspend was because we did not recruit a Parish Administrator or Sub Organist as initially planned. There were also lower spends on our utilities and repair/maintenance costs reflecting the volatility in the economy and energy markets during 2024. Overall, our expenditure was higher than in 2023. - We ended 2024 with an operating **deficit** of **£27,557** on the General Fund, which is less than we budgeted for at £47,470. This takes our cumulative operating deficit to £202,650 at the end of 2024. - Our overall financial position at the end of 2024 is as follows: - Our total funds, made up of investments and cash in our bank accounts stands at **£773,544** . - This is a decline in value from 2023 and reflects two things: 1. We sold around 8,072 shares to release £50,000 to help with cash flow in our main operating bank account, reducing our dividend earning capacity. 2. The value of our remaining investment holdings declined by £13,574 in 2024, following an increase in 2023. ## **Parish Support Fund** In 2024, we promised **£50,400** to the Diocese as our **Parish Pledge** . This was an increase of £4,400 on our 2023 pledge. We honoured our Pledge in full in 2024. ## **Cedric Collings Memorial Fund** - The PCC is managing trustee of this Trust, which was set up to provide financial support to members of the parish who undertake theological and related training. 3 The Parochial Church Council of the Ecclesiastical Parish of St Philip, Norbury is a registered Charity, number 1185830 - In 2024, we made 2 awards from the Fund, totalling £720. ## **Legacies** - We received 2 new legacies in 2024, as follows: - £994 from the family of **June Singer** provided to replace the altar kneelers. - £300 from the estate of **Christobel Iola Bimpeh-Segu** , to be split between the Women's Fellowship (£150) and the Church (£150). - We used the legacies left by the late **William Baker** as follows: - **£24,109** was spent on **repairs and maintenance** relating to the crack in the west wall of the Church. - **£572** was added to funds collected via Bake Sales, Lent Lunches and Services and **donated to Charity** . The donations made in 2024 totalled £1,200 and were as follows: |**Charity**|**Donation**| |---|---| |Bishop’s Lent Appeal|£250| |Dementia UK|£500| |Macmillan|£250| |Guide Dogs for the Blind|£200| |**Total**|**£1,200**| ## **Budget for 2025** - The budget was prepared using the following assumptions: - A **3.5% inflation rate** (projected UK inflation rate for 2025) was applied to the actuals for 2024 and rounded up to the closest £100. - For **utilities** (gas, electricity and water) a **10% uplift** was applied to account for anticipated increase in costs. - The **heating repair and maintenance costs were increased** to reflect the additional costs we are likely to have to replace the boilers that failed over Christmas 2024. The current budget was based on the initial quote received of £60,000 for a like for like replacement, however total costs against this line are expected to be significantly higher. - We are planning for **receipts** of **£71,410** . This is a conservative budget, based on current information. - We are planning for a **significant increase in expenditure** in 2025. Over the years, we have underinvested in the maintenance and upkeep of the Church and Hall, and the budget set for 2025, reflects the necessity/imperative to spend on these areas. We are budgeting for **expenses** of **£189,003** in 2024. 4 The Parochial Church Council of the Ecclesiastical Parish of St Philip, Norbury is a registered Charity, number 1185830 - In addition to the budgeted figures, we are expecting exceptional spending to cover the following: ||**Church**||**Hall**| |---|---|---|---| ||•
Replacement of boilers (spend estimate
between £60,000 - £350,000)
•
Repair of the crack (spend estimate over
£100,000)
•
Quinquennial review findings (tbc)||•
Replacement of fire doors &
improvement of Hall security (c£25,000)
•
Toilet refurbishment (c£125,000)| ||_Already completed in 2025:_
•
_Replacement of the fence (£6,112)_
•
_Clearance of the back garden (£10,900)_||_Already completed in 2025:_
•
_Refurbishment of kitchen and_
_replacement of floors (£8,780)_| - We expect to operate with an operational deficit again in 2025, but hope to offset/mitigate this to some extent by applying for grants for some of the more significant projects outlined above. ## **Independent Examiner** The appointment of Mr Andrew Winter as Independent Examiner (IE) of the PCC accounts ends at the APCM. Mr Winter gave notice in 2024 that he would not stand again for re-appointment. A new Independent Examiner will be appointed by the APCM in May 2025, to review the PCC annual financial statements for the year ending 31[st] December 2025. We will take this opportunity to restructure our Chart of Accounts and adopt some accounting software to streamline and simplify our accounts and accounting processes. We will also formalise a finance and a reserves policy to ensure transparency, consistency, and governance in all our financial dealings, including procurement, income, and investment management. This clarity will help us be more transparent in using our finances to fulfil our missional priorities. ## **Summary** - We ended 2024 in a favourable position in terms of total funds. From an operational budget perspective, we were under budget, because we had more receipts than budgeted for and our expenses were not as high as expected as we did not hire a Parish Administrator or Sub Organist. - 2025 will be an exceptional year in terms of spending for St Philip’s, as we focus on significant maintenance and replacement projects that we have avoided for the past few years. - I would like to thank all who support St Philip’s through Christian Stewardship, general donations and running and attending our fund-raising events. Your continued generosity helps us meet our costs and sustains our mission in Norbury. Anusha Paulraj Honorary Treasurer May 2025 5 The Parochial Church Council of the Ecclesiastical Parish of St Philip, Norbury is a registered Charity, number 1185830 ## **CHURCHWARDEN:** The two long-serving Churchwardens, who had both served longer than the usual consecutive 6 year recommended maximum term, continued to serve until a new volunteer was elected at an extra Annual Meeting of Parishioners (AMP) on 28[th] July 2024. The Vicar and PCC were acutely mindful of the need, and requirement, to find and encourage individuals to step forward and this was brought into sharp focus when no candidates were presented for election at the scheduled AMP. In order to maintain good governance whilst operating with only one Churchwarden, some of the routine responsibilities entrusted to Churchwardens are being shared amongst the Standing Committee. The PCC is resolved to encourage and empower more individuals to volunteer to take on lay responsibilities. ## **MEMBERSHIP OF PCC:** Lay members of the PCC are either ex-officio or elected at the Annual Parochial Church Meeting (APCM) in accordance with Church Representation Rules in force at the time (revised 1[st] January 2020, 2022 edition). Subsequent to the APCM, the PCC can co-opt up to two more members to serve for one year. **The following served as members of the PCC in the year 2024 – 2025.** The start of continuous service was calculated in October 2019 as part of the application for registration as a charity and is shown alongside each name. Members of the PCC are Trustees of the charity. The PCC regards three consecutive three-year terms of office to be a reasonable maximum followed by a break of at least one year. Those due to retire in 2025 are marked*. St Philip’s is entitled to elect two Lay parochial representatives to the Deanery Synod. One representative was elected at the APCM held on 21[st] May 2023 to serve until 2026. A Casual Vacancy was filled in May 2024. |Clergy:||| |---|---|---| |**Vicar**|Revd Cordella Dawson|Chair from May 2022| |Laity:||| |**Churchwardens**|Freddie Blake (2024)
Elected at extra annual
meeting of parishioners on
28thJuly 2024|Elected and subsequently
ex-officio| |**Deanery Synod Lay Parochial**
**Representatives**|Matthew Bodley (2020)
Rebecca Paulraj (2024)|Ex officio| |**Elected Members (9 allowed)**|Obaid Alban (2023 –
previously co-opted since
2015)*|| ||Taiwo Fowosere (2024)|| ||Pamela Clarke (2023)|| ||Carol Ross-Gower (2021)|| ||Grantley Larrier (July 2022)|| ||Lorraine Mills (2023)|Deemed to have retired –
last meeting attended, June
2024| 6 The Parochial Church Council of the Ecclesiastical Parish of St Philip, Norbury is a registered Charity, number 1185830 ||David Ogilvie (2018 –
previously ex-officio as CW
since 2012)|| |---|---|---| ||Anusha Paulraj (2016)*|Hon Treasurer| |**Co-opted Members**|Eleanor Lewis (co-opted
2023 & 2024. Previously
elected member since
2001)*|Vice Chair / Hon Secretary.
DBS Administrator| |||| |**Minute Secretary**|Jackie Barlow|| |**Honorary Treasurer**|Anusha Paulraj*|29 Lakehall Road
Thornton Heath, CR0 7EG| ## **MEETINGS:** The PCC held five scheduled in-person meetings between the APCM in May 2024 and the APCM in May 2025 plus an extra Annual Meeting of Parishioners was held on 28[th] July 2024. Each meeting was quorate and the level of attendance through the year enabled effective governance, discussion and decision making. Electronic communication was also used to gather opinion or agreement of resolutions / proposals between meetings. Minutes of each PCC meeting, once adopted as agreed, are displayed on the notice board at the back of the church and then filed in a folder readily available from the bookshelf in church. The PCC is grateful for the support of a minute taker, Jackie Barlow (who is not a member of the PCC). The PCC is aware that key responsibilities need to be spread more evenly amongst members, not least of these is Health and Safety. Succession planning for Church Officer roles (eg Treasurer, Churchwarden, Secretary) is a crucial ongoing priority which the PCC is addressing. ## **COMMITTEES:** The PCC operates through a number of committees, which convene between the scheduled meetings of the full PCC and provide oral and / or written reports / minutes to the PCC. The committee structure continues to evolve supported by redefinition of terms of reference. - **Standing Committee:** The only mandatory committee constituted in accordance with the Church Representation Rules. It may transact the PCC’s business between meetings of the PCC subject to any directions as to the exercise of its power laid down by the PCC. Membership in 2024 was the Vicar, the Churchwarden, the Hon Treasurer and the Hon PCC Secretary. David Ogilvie was a co-opted, active member. The committee engaged in frequent discussion - person to person and via electronic communications. - **Fundraising and Giving Committee:** The Treasurer has incorporated stewardship giving in routine reports to the PCC. The PCC wrote to all congregants at Christmas to thank and encourage them in their giving. - **Buildings and Grounds Maintenance:** As a working group reporting to the PCC via David Ogilvie and the Churchwarden endeavours to ensure the fabric of the church, halls and grounds is maintained in good order employing the skills of professionals inside and outside of the congregation. 7 The Parochial Church Council of the Ecclesiastical Parish of St Philip, Norbury is a registered Charity, number 1185830 - **Premises Committee:** Chaired by Eleanor Lewis. The committee supports the volunteer Hall Manager and assistant Hall Manager, reviews the hall rates of hire; terms and conditions, letting agreements and related health & safety and safeguarding policies. - The PCC received a report from the Social Committee at each meeting and is intending to form a Finance Committee. ## **SAFEGUARDING:** The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have regard to House of Bishops’ guidance on safeguarding children and vulnerable adults). The Parish of St Philip takes the safeguarding, wellbeing, safety and care of children and vulnerable adults very seriously and acknowledges its duty of care to ensure the protection of the vulnerable in their church community. Policies are reviewed annually, and safeguarding is a standing item on the agenda of each PCC meeting. The Safeguarding Officer ceased to be a member of the PCC in July 2024 but has a route to reporting to the PCC via the Vicar and Hon Secretary. Information and policies are posted on the parish website. The PCC resolved to train and appoint a Deputy Safeguarding Officer. Training and awareness of safeguarding are a high priority for all. All current PCC members have appropriate DBS clearance certificates, and all have completed the basic online safeguarding course. The PCC has a DBS Administrator. ## **CHURCH HALL COMPLEX:** The church hall complex is managed by two volunteers supported by the Premises Management Committee. The Chair of the Committee provides administrative support to the booking process and draws up agreements, invoices etc. A cleaner / handyperson is employed by the PCC on a part time contract. The complex comprises a large hall with stage, small hall, kitchen and committee / meeting room as well as storage. The Parish Office is also based in the complex. The Betty Wivell Academy of Performing Arts (BWA) is the main hirer and key source of income. Other regular users include the toddler playtime group, badminton, table tennis and karate clubs. Our relationship with these groups is regarded as a key feature of our commitment to serve and welcome those in our wider community. Church groups, including the choir, the Women’s Fellowship and the Pakistani community make regular use of the facilities for social and rehearsal purposes. Libera, the internationally acclaimed boys’ choir (formed from members of the church choir), rents the space for recordings and rehearsals. There are ad hoc bookings for family celebrations for the general community and church members. Occupancy throughout the year is usually high. The PCC is mindful of the need to maintain the halls in good condition as income from rentals is essential to the financial health of St Philip’s. **Eleanor Lewis Vice Chair / Hon Secretary PCC** April 2025 8 The Parochial Church Council of the Ecclesiastical Parish of St Philip, Norbury is a registered Charity, number 1185830 ## **The Parochial Church Council of The Parish of St Philip, Norbury, London** ## Financial Statements (Accounts) ## For Year Ending 31[st] December 2024 ## **Prepared by** Anusha Paulraj (Honorary Treasurer) ## **Independently Examined by** Andrew Winter MA, ACIB ## **Legal Status** Registered with the Charity Commission as The Parochial Church Council of the Ecclesiastical Parish of St Philip, Norbury, number 1185830 ## **Incumbent** - 1[st] January to 31[st] December 2024, Revd. Cordella Dawson (Vicar) ## **Bank** NatWest Bank, 36 St Andrew Square, Edinburgh, United Kingdom, EH2 2YB ## Independent Examiner’s Report I report on the Accounts of the PCC for the year ending 31[st] December 2024, which are set out in the Financial Review section of the Annual Report of the Trustees (PCC). ## **Respective responsibilities of trustees and examiner** The PCC is responsible for the preparation of the accounts. The PCC considers that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the 2011 Act; - to follow the procedures laid down in the general Directions given by the commission under section 145(5)(b) of the 2011 Act; and - to state whether particular matters have come to my attention. ## **Basis of independent examiner’s report** My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement. ## **Independent examiner’s statement** In connection with my examination, no matter has come to my attention: 1. which gives me reasonable cause to believe that in any material respect the requirements: - a. to keep accounting records in accordance with section 130 of the 2011 Act; and - b. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act. have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Mr Andrew Winter, MA, ACIB 6 Calluna Drive, Copthorne Crawley RH10 3XF 28[th] April 2025 1 ## Statement of Accounting Policies ## **1. Basis of Accounting** The Accounts of the PCC have been prepared in accordance with the Church Accounting Regulations 1997 using the Receipts and Payments basis. They report movements on the various funds under the PCC’s control and show the balances retained at the year-end, specifying where and how they are held. The Accounts do not include the Accounts of any other church groups that owe an affiliation to another body, nor those arising from informal gatherings of church members. ## **2. Identification of Funds** The funds administered by the PCC have been identified and grouped as follows: - 2.1 Unrestricted funds - Funds administered at the discretion of the PCC, where receipts are not subject to restriction based on the requests of the contributing parties. This primarily includes the general fund, but also any other funds where uses have not been restricted as described, including those created (designated) by the PCC out of existing funds for specific purposes. - 2.2 Restricted funds - Funds involving receipts where the uses are restricted by the donor for a particular purpose and which cannot, and must not, be used for any other purpose except by agreement with the donor. - 2.3 Permanent endowment funds - Particular types of restricted fund which must be held permanently, the PCC having no power to convert them into income and spend them like other income. The summary statement of funds reflects the above. Details of the movements within the individual funds appear on the following pages. ## **3. Statement of Assets and Liabilities** The following PCC assets are recognised but not valued in the Statements of Assets and Liabilities: - 3.1 Land buildings held on behalf of the PCC, including the land leased as an electricity substation. - 3.2 Moveable church furnishings held by the Churchwardens on special trust for the PCC and which require a faculty for disposal. - 3.3 Other fixtures, fittings and office equipment where the PCC is free to dispose of such assets without faculty. Furthermore, the Statement does not reflect amounts owing to the PCC at the year-end but not received, neither does it reflect amounts owed by the PCC at the year-end but not paid. 2 ST PHILIP'S CHURCH NORBURY ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2024 General Fund Recei ts 20241£) 20231£) Resty￿e4 Chri5tiJn Stewardship Income Tax Recovered Church. House and Sundry Collections General Donation5 11 Lettings Church Sharing Fund Raising ktivities Investment Incorr Surplice Ftts Parish Review Grants Reiei¥ed Sundrie5 22.010 7,553 5.432 3.076 25.535 1.980 3.728 375 22.474 2.992 5.421 3.245 23.426 1.980 6.405 354 811 48 628 599 646 95 157 SS￿> 71.187 628 67.746 599 Le55 Restricted Income Missions and Charities Gift5 In memoria 628 599 70.559 67.147 GenerJl Fund Summ• Opening Balance -175.093 -146.604 Total Receipts 70.559 67,147 Le55 Total Payrnents -98.116 -95.636 Excess ReceiptsllPaymentsl Fabric Fund Support Isee Note) -27,557 -28,489 Net Excess ReceiptsllPèymentsl -27.557 -28,489 C105ing ￿lance -202.650 -175.093 Note.. Receipt of restricted funds.. These figure5 are included in total Teceipts lor the res￿1Ve categoTie5 indicated. being ￿￿eIpts for restricted purposes. such receipts were disbursed as indicated. Charit3blegiving 15 referred to in the annual report. ST PHILIP'S CHURCH NORBURY ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2024 General Fund Pa ments 2024 .50.4(K> 2023 DIOCESAN PLEDGE VIC*AANDVICARAGE Vicar's Allowances - Telephone - Clergy Fees and Expenses - Recruitment Costs -1,218 -466 -283 -466 -1.501 MUSIC Choirmaster/OrEanist Or8anist Deputies - Choir Expense5 - Robes - Music and Ststionery Copyright Licence -Good Friday Requiem -10) -10) -270 -441 -127 -417 -484 -6.295 -5.644 CHUACH EXPENSES -Ga5 Heating Repairs and Maint Electricity Insurance Repairs and Maintenance - Water CleJninE and Sundries -1.801 -395 -4.447 -4.138 -4,055 -1.438 -1.980 -5.267 .4.390 -2,455 -57 -76 -14,992 -15.587 HAL EXPENSES -Gas Heating Repairs and Mèint Electritity Insurance -3.344 -733 -1.841 -2.759 -1,471 -723 -2.671 -3,677 -2.251 -2.927 Repair5 and Maintenènce - Water CleaninE and Sundries - PPLIPRS License Fee -516 -10.655 -9.036 -386 -22.074 -23.912 MISCELWEOUS Printing Postage and Stationery - Altar and Church Service5 Junior Church ond Confirrnation 5undries -Parish Idmini5trator -2,819 -407 -2,544 -423 -663 -25 .98.116 .95.636 ST PHILIP'S CHURCH NORBURY ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2024 Grounds Im rovements Fund 20241£) 20231£) Opening balance Les5 Payrnents Closing Balance This is o t77emoftolfvndlorlondsc4pino the Church Gmund& Fabric Fund OpEning Balance 382.445 307.579 Add Receipts Cleaver Fund 4,415 4.348 Le55 Payments SupporttoGen Fund Gainlllossl on CBF Inve5knents -13.574 70.519 Closing Balance Thisfvnd exists to protectthe Generol Fund ogoinst the ynodence of excessive tlpoir und t770intenontt costs. os detem7ioed by the PCC. The levelobove wh supportisprovidedis £6LW in the cuffentyeor. 373,286 382 445 cleaver Fund Opening Balance 21.131 21,131 C105ing Balance 21.131 21.131 ReprEsented by HOLDINfj AT Cost 2024 MKf. VALUE 2023 MKf.VALUE CBF Investsknent Fund 7036 Units 21.131 162.691 159.051 Total 21.131 162.691 159.051 7htsfvnd wus originolly created Jromo bequest Itis Tetuined175 a crypitalreserve ond income is credited to the FobFTcFund. Har and Yvonne White Memorial Fund 20241£) 20231£) Opening and Closing Balance 7hts is o ￿￿￿O￿oI￿ndI0r troinino puw& ST PHILIP'S CHURCH NORBURY ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2024 Endowment Fund 20241£) 20231£) OpeninE Balance Revoluation GainlLoss C105ing balanie 20.430 799 18.773 1.657 20,430 21,229 This is a Mel￿n0￿fvrtdheIdift perpetuity to provide inwme to the fjenerol Fund. £7657.46 is helLI in the 8unkAm?un¢ while the tel￿J1nder[si￿Ve5ted irj 4220.83 C8F Globol Incot7>eShores. Cedri¢ Collin s Memorial Fund 20241£) 20231£) Iniome TOTAL TOTAI OpeninE BèlJnce5 38.159 3.242 41.401 37.433 d Receipts LeEacv Interest on Inve5tmer 649 649 1,608 636 3,332 Revaluation GainlLoss Le55 Payrnents TraininE Grants 17201 17201 Closing Balance5 39.767 3.171 42.938 41.401 Represented by Bank ￿COUnt CBF Global Equity Income Fund Iniome Shares18489.78 units at mkt.valuel 15.S40 27.298 15.549 25.690 42.938 41.239 ThE opeF(rttorJ of thi5Aund i5goveNned bya tFV5tdeEd und£rwhi(h th£ Pccis munogino trustee. Tre pcchusaPPOintEdu conbnuatron committee to attenLI to the detaileduffoiF5 of thefvnd. The objertof thefvndis to supportmembets of the Porish who vndertoke theolooiwloné feloÈe6 troining cottt3es. The applicatton pr￿ELl￿Te￿orbu￿I1re5J5 Outlinedin theporish rEview. Jn Fund 20241£) 20231£) OpEnin¥ 8alance 9.387 9.362 dd Receipts 25 Closing 6alance 9,451 9.387 Thisfund has been setup by the PCC to oc£umuluteAundsfrorn vaFrDuseventsGn6 appeuts tQ FneetthE Costof miTjorrEpaiF5 to the Chutch Oryan. ST PHILIP'S CHURCH NORBURY ACCOUNTS FOR THEYEAR ENDING 31 DECEMBER 2024 Reorderin Fund 20241£) 20231£) Openin8 Balan 48,052 43,475 Add Receipts Dividend5, Interest Donations (for Vestry Fund) 1,143 1,143 1,094 Investment revaluations 929 3.482 Less Payments Closin8 Balance 50,124 48,052 ReP￿sentedbY CftF Investment Fund11,802.7O Units) Due from Current Account 42,823 7,301 40.751 7.301 50,124 48,052 Thi5fvndi5 the refflrjont of fflonie5 U5edfor the church reordering. It 15 intended to be usÈdforfurthÈrrÈorderyng work In due Course, PQSSybly Supplementedby other resources CBF Investment Funddividends received during the yeor were re-invested osfvrther shares. Una lied Le acies 20241£) 20231£) Openin8 B21an 339,708 -25,675 994 300 345,885 -6,177 New Le8acy- lune SiDser Nèw Lèg3ty- Christobèl lola BimpÈh.SÈgu New LeBary- Name Closin8 Balance 315,327 339.707 Dorothy Morri5 24.716 19,371 l(M),554 10,595 101.444 29,017 5.861 lo,￿0 7.449 24.716 19.371 100,554 10,595 125.553 2g.037 6,433 iO,O(M) 7.449 Merrick Hawkins Exrs. joyce Carter Derek Thomas Keepin8 Edna Collings Rev Derek Goodrich Robert Priiem2n lune Sin8er Chri5tobel lola Bimpeh-sesu 30J 315.327 339.708 These legocies ore unrestrittedfunds which hove been modefor the 9enerolpurposes of the Pffj except rhe money left by Solly Harris, which is ot the discretion of the Vicar, and rhose left by William N. Baker. Legacylil is nor to be usedfvr the holl, lill isfor rhe purchose of 5pecyfic item5 ¢Tndliijli5 to be given tQ5uch Chri5tion (Irgoni5atyon5 (J5 St Philip s decyde5. ThÈsÈ htsvÈ bÈÈfi kept seporote to rÈflert thÈ dÈsir* to ttpply thÈm to SUitoblÈ projèrts when Iderttified. Legocyfromjune singer useL4 topoyfor new oltGr kneelers in 2024. Legucyfrom Chrisrobel lolu Bimpeh-segu, ro be split E150 to rhe Womens Fellowship ondrhe remainderfor rhe Church. ST PHILIP'S CHURCH NORBURY ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2024 GENERAL FUND BUDGET- RECEIPTS 20241£) Rewiued 20251£) Renrined ChT15tian Stewardship Incorne Tix Recovered Church, House and Sundry Collections General Elonations Hall LettirTrgs Church ShèrinE Fund Raising *£tivitie5 Investment Iniome 22.010 7.553 5,432 3.076 25.535 1.980 3.728 375 646 95 21.8CM) 628 5.630 3.2C 25.CKK> 1.980 Surplice Ftts Parish Review Grants Re£ei¥ed Sundries Ic#) 2.5C¥) 157 71.187 628 71.410 Le55 Restricted Income Missions and Charities Gift5 in memoria 628 70.559 71.410 General Fund Surnma Op2ning Balance -175.093 -202.650 Total Receipts 70,559 71,410 Les5 Total Payrnents -98.116 -189.CM)3 Excess Receipts/lPayments1 Fabric Fund Support15ee Note) -27.557 -117,593 Net Excess ReceiptsllPèymentsl -27.557 -117,593 C105ing Balance -202.650 -320.243 ST PHILIP'S CHURCH NORBURY ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2024 GENERAL FUND BUDGET- PAYMENTS 20241£) 20251£) DIOCESAN PLEDGE .50. -56.973 VIW ANDVICARAGE Vicar's Allowances - Telephone - Clergy Fees and Expenses - Recruitment Costs -1,5C -466 -5 466 MUSIC Chotrma5terlOrEènist Organist Deputies - Choir ExpEnse5 - Robe5 Music and Ststionery Copyright Licence ood FTiday Requiem -IcN) -7,5( -270 -3 441 -50) .5(M) -6,295 -8,8(NJ CHURCH EXPENSES -Ga5 Heating Repairs and Maint Electricity Insurance Repair5 and M?intenJnce - Water Cleaning and Sundries -1.801 -395 -4,447 -4.138 -4.055 -22.7(K> .4.50) -1 -76 -14.992 .40.380 IL EXPENSE5 -Ga5 Heating Repairs and Maint Electricity Insurance Repairs and Maintenance - Water Cleèning and Sundries PPUPRS License Fee -3,344 -733 -1.841 -2,759 -1.471 -723 .42.CO) .2.5( -10.655 -9.71Y) -22.074 -68.6(￿) MISCELWEOUS Printing P05taEe and Stationery - Altar and Church Ser¥ites JurTrior ChuTch and Confirmation 5undries Parish Administrator -2,819 -407 -2.8OJ -430 -663 -7 -8.320 -189.cKJ3 -98.116 ST PHILIP'S CHURCH NORBURY ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2024 mmaryReteiptsand Pa￿ent￿A(munt Tlltthl drkCDllh¥* TDT*I TwlFw mllmllrialF￿d Fur& F￿d F￿dI F￿dI 7yJ63 9387 13.7 3B.1$9 5Z9 k¢t•p 77NII ymtnts iizj.tsii iJl4511 WetRecÈlptsfortheVe Tflnsfeti rkeiValuem￿ernènts 755n Li41 i*akp 924 1g,(¥J51 799 sln8Bakn￿ Ita15tDEceThbeT￿24 5Q124 162.6>1 $91,rn 14È 9ASI ia,770 2L229 39.767 SlatEmnntolA5SEts4nd ￿ablI￿lES F4knrtEFurA LYE Tat41 TOtsIF￿nth Fundb Endowrninl Fwdi .6501 421116 149.(Ky)I 375.216 7.JDI 29,661 149,¢th1 61557 149.CN)O 14557 SubTot I2￿￿50} 7.JDI 5.451 12.469 ehlJdrlnwesfnrtnrPury05¢S 512,fj03 44823 27,258 T54￿F OiherF1rture&F￿in￿￿EquI￿n￿ FTeeh0￿￿nd TOTALFUNDS 371.216 5Q124 IG2.6>1 sji.rn 14È 9ASI ia,770 2L229 39.767 For51mplirJty.Lv84Ele5h4webEeTh5hpvfflib¢wia5Unrestrthd.bulinthvde￿11id4[￿wn15I1can bv5eenlh41therv15￿￿￿￿￿rtVlr?K￿bnonsVm￿p1￿ofiheSr. DYA ## Independent Examiner’s Report I report on the Accounts of the PCC for the year ending 31[st] December 2024, which are set out in the Financial Review section of the Annual Report of the Trustees (PCC). ## **Respective responsibilities of trustees and examiner** The PCC is responsible for the preparation of the accounts. The PCC considers that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the 2011 Act; - to follow the procedures laid down in the general Directions given by the commission under section 145(5)(b) of the 2011 Act; and - to state whether particular matters have come to my attention. ## **Basis of independent examiner’s report** My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement. ## **Independent examiner’s statement** In connection with my examination, no matter has come to my attention: 1. which gives me reasonable cause to believe that in any material respect the requirements: - a. to keep accounting records in accordance with section 130 of the 2011 Act; and - b. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act. have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Mr Andrew Winter, MA, ACIB 6 Calluna Drive, Copthorne Crawley RH10 3XF 28[th] April 2025 1