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2024-12-31-accounts

Parish of St Peter’s West Molesey

Annual report and accounts

for the year ended 31st December 2024

Contents Page No
Annual report 2-10
Independent Examiners report 11
Statement of financial Activities 12
Balance Sheet 13
Cash Flow Statement 14
Notes to the accounts 15-21

A nnual Report of the Parochial Church Council of St Peter's West Molesey for the year ending 31[st] December 2024

Administrative Information

St. Peter’s Church is situated on Walton Road, West Molesey. The parish is part of Emly Deanery in the Diocese of Guildford within the Church of England. The correspondence address is: St Peter’s House, 518 Walton Road, West Molesey, Surrey, KT8 2QF.

PCC members who have served from 1[st] January 2024 (or from the date shown) until either the date shown or the date this report was approved are:

Rector
Assistant Curate		 The Revd. Alex Munro
The Revd. Kayleigh Magrath		 Installed 14thApril 2021
Ordained 1stJuly 2023
Wardens Mrs. Susan Langwade
Mr. Jonathan Leckie		 Re-elected APCM 2022
Elected APCM 2022
Representatives on
Diocesan Synod		 Mr. Oliver Tims
Mr. Gideon Bridgman		 Elected July 2021 (term
ended May 2024)
Elected February 2022
(resigned July 2024)
Representatives on
Deanery Synod		 Mrs. Lisa Tanner
Mrs. Jacquie Gray (Treasurer)		 Elected APCM 2022
(resigned April 2024)
Elected APCM 2022
Elected Members of the
PCC		 Mrs. Margery Day
Mrs. Connie McBride
Mrs. Annette Bull (Secretary)
Mrs. Rachel Copsey
Mrs. Susan Miller
Mrs. Naomi Aindow-Clark
Mrs. Claire Horner
Mrs. Rachel Sharp
Mr. Julian Callow
Miss Judith Goodsall		 Elected APCM 2021
Elected APCM 2022
(resigned March 2024)
Elected APCM 2022
Elected APCM 2022
Re-elected APCM 2023
Elected APCM 2022
(resigned April 2024)
Elected APCM 2023
Elected APCM 2023
Elected APCM 2024
Elected APCM 2024

Page 2

Independent Examiner: Derek Rodwell, ITF, c/o Bennett Verby, 7 St Petersgate, Stockport, Cheshire, SK1 1EB

Bankers: Barclays Bank PLC, Walton on Thames

Structure, Governance and Management

The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the 1956 Parochial Church Council Measure. The Parochial Church Council is a charity excepted from registration with the Charity Commission, but we have submitted an application to become a registered charity due to our income now exceeding the limit for excepted charities.

The method of appointment of PCC members is set out in the Church Representation rules. All Church attendees are encouraged to register on the Electoral Roll and to stand for election to the PCC.

There is 1 church building within the parish, St Peter’s, West Molesey, KT8 2QG.

The PCC met for 6 regular meetings during 2023 at the Vicarage. We generally meet every other month, usually beginning in January, with extra meetings where necessary.

Membership consisted of 9 elected members of the congregation, plus Churchwardens, Deanery and Diocesan Synod Representatives and two Ordained Clergy at different points of the year.

There are no church schools within the Parish but relationships have been growing with Chandler’s Field School and Hurst Park School since September 2017.

Objectives and Activities

St. Peter’s PCC has the responsibility of co-operating with the Incumbent, in promoting the ecclesiastical and the whole mission of the church: pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the Church of St. Peter’s on Walton Road and St. Peter’s Church Hall on St Peter’s Road, West Molesey. Since May 2021 the church entered into a Tenancy at Will for the former Molesey Youth Centre (which is now known as the St Peter’s Community and Youth Hub) and since July 2022 the East Elmbridge Food Bank has operated from the Hub as well. The correspondence address is ‘St Peter’s House’ 518 Walton Road, West Molesey, Surrey KT8 2QF.

Page 3

When planning our activities for the year, the clergy and PCC consider the diocesan vision of Transforming Church, Transforming Lives and seek to include this. In particular ‘We want to see a Transformed West Molesey where every single person knows the love of Jesus’.

Minister’s Report

We began 2024 wanting to focus on creating ‘encounter spaces’ within all of our projects and activities and see more ‘Connect Communities’ grow. Thanks to a huge amount of work from the Church Wardens, the PCC, all of the staff team and our amazing team of volunteers we have once again been able to advance towards our vision of seeing a transformed West Molesey where every single person knows the love of Jesus.

Particular thanks within the PCC membership should be extended to:

Further thanks to those who are no longer PCC Members but continue to serve in different ways:

Page 4

continued to help with monthly banking. We wish Chris well for his move to Lincolnshire and are grateful for his many years of service;

Thanks should also be extended to Julian Callow for his incredible commitment as Director of Music; Alison Wheeler for her musical contributions and occasional solo performances; Maria Ford and Claire Horner for their serving; and all those who regularly read and lead intercessions at the 10am Eucharist.

We would also like to thank Jo Annells, who became Social Action Director in January 2024 and assisted with Stewardship issues and gift aid applications throughout the year.

In terms of the various ministries of the church, I would like to thank:

We would like to thank those who work behind the scenes to ensure the smooth running of our buildings, including Tina Roden, our Operations Manager, and Sad Ladda, our caretaker and cleaner.

Page 5

Church Attendance

The current number of people on the electoral roll for the Parish stands at 61.

The average attendance at the 10am Sunday Eucharist was 37 in 2024.

The average attendance at the 4pm contemporary service was 46 in 2024.

The total attendance over the Christmas period at the service of Nine Lessons and Carols, the Christingle, Crib Service, Midnight Mass and Christmas Day was 452.

Mission

Social Action

The Church continued to provide the governance of the East Elmbridge Food Bank during 2024. The Social Action Team provided the main governance link.

Jo Annells began to lead our Social Action programme, including the East Elmbridge Food Bank and the Molesey Churches Night Shelter. She helped to pioneer day time support for Night Shelter guests which led to a much quicker moving on of guests to more permanent accommodation. In addition she has been forging stronger partnerships with other local agencies.

Amy Burton left her role as Food Bank operations to take on a new role working with individuals with complex needs through funding from Bridge the Gap. This funding was for an initial 12 months.

Lisa Tanner continued her important role as Community Support Worker and expanding connections for our local community with the offer at the Hub.

Tom Collier continued his new role as Night Shelter Ambassador in September, alongside his youth role.

Naomi Aindow-Clark continued her role seeking to support the various projects by better co-ordinating volunteers. Fi Day has joined the team as cover for Naomi during her maternity leave.

Two Food Bank Centres continued, one at St Nicholas Thames Ditton Church Hall on Tuesday mornings and the other at the Hub on Thursday mornings. The community breakfast continued at the Hub alongside the operation of the Food

Page 6

Bank session. Families were supported again through the Give Christmas event helping local families who would otherwise struggle with Christmas.

We are hugely grateful to all the volunteers who continue to support the work of the food bank and Molesey Churches Night Shelter.

Many thanks go to Jo, Amy, Tom, Max and our excellent team of contractors and amazing volunteers for their hard work in supporting rough sleepers in the local area.

Children, Young People and Families

It has been encouraging to see new families start attending Messy Church and we have continued to see new families joining us.

Once again our ministry to children and young people has been significantly enhanced through our partnership with Pais and their provision of a team of schools and youth work apprentices. They have continued to also work with St Nicholas, Thames Ditton during 2024. Along with our schools team they managed in-person engagement in 4 state primary schools in Molesey (Hurst Park, Chandler’s Field, The Orchard and St Lawrence) and within one of the state secondary schools, which are fed by students who live in Molesey (Esher C of E High School). They began running lunchtime clubs and delivering assemblies, once more helping to run their very own Youth Alpha series, as well as creating Youth Alpha Plus sessions for previous attendees on a weekly basis with over 40 children on average attending each week. They also supported the children’s and youth ministry at St Peter’s and leading all-age worship. Lighthouse club has continued to draw children from all primary schools. The current team supported Gideon and Tom during Bespoke Youth sessions by providing different Hubs including Overdrive music project, the Girls’ Hub, Year 8 Hub and Year 9 Hub.

The team ran “Sweet Spot” sports camps during each half-term which was formed in partnership with Scripture Union engaging with 8-16 year olds through playing different sports whilst encouraging the participants to show Christian characteristics.

Helen Munro in her work as Pre-school Kids Pastor continued to oversee Allsorts for pre-schoolers and their carers and Jelly Babies baby and carers support group, as well as continuing to lead Ladies’ Nights with Lisa.

Community Engagement

Our strategy for growing relationships with each other within the church and with those not currently regularly attending church has been to start a number of Missional Communities called Connect Communities. Each of these seek to

Page 7

worship, pray and study the Bible together, whilst growing in relationship with one another and being a place that non-Christians can be drawn into community.

Some of these communities have been part of a Deanery Learning Community called the Greenhouse, which is supported by the National Church of England Fresh Expressions team.

We saw a number of communities grow such as Junior Park Run, Curry Club, Mens’ Group, the Community Breakfast, Great Create, Saturday Drop In and Ladies’ Nights.

The luncheon club was also able to meet regularly organised by Margery Day our Honorary Churchwarden.

We once again had our Christmas Fair at the Hub which proved successful and raised important funds for youth work.

Love Molesey ran a stall at the Molesey Carnival, as well as having an expanded programme of projects planned for Lent 2025, after successful projects in 2024 including partnering with Kings Church to run the Big Bounce for local families.

Evangelism

There were three adult Alpha courses at St Peter’s in 2024. Each has been successful in drawing a number of guests who are interested in exploring the Christian faith. Without the generosity of volunteers and caterers this would not be possible.

Future Plans

Some of the priorities for 2025 can be summarised as follows:

  1. Create a culture of invitation within our church family so that can welcome everyone to be part of our loving community;

  2. Inspire each other to seek God’s breath in our lives each day as we encounter Him.

Alex Munro, April 2025

Page 8

Financial Review

Overview

In 2024 St Peter’s had a deficit of £30,782 on unrestricted funds with a total income of £494,274. This compared with a surplus of £130,894 in 2023 on total income of £555,132. Total expenditure increased from £408,265 in 2023 to £508,518 in 2024.

During 2024:

For more detailed information on our finances see the financial reports appended to this report.

Reserves policy

It is PCC policy to try and maintain a balance on free reserves (net current unrestricted assets) which equates to at least three months unrestricted payments. This is equivalent to about £60k. It is held to smooth out fluctuations in cash flow and to meet emergencies. The free reserves balance of £117k (see note 9) held on unrestricted funds at the year-end means that the church is safely within its policy.

Safeguarding

The PCC has adopted the Diocese of Guildford’s safeguarding policy relating to children, young people and vulnerable people and appointed Karen Glaister as Parish Safeguarding Officer. She has completed the diocese’s training courses in safeguarding young and vulnerable people. The PCC is committed to the principles of best practice in relation to safeguarding and complies with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 in respect of having due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults. The guidance can be read in full on the Church of England official website.

Page 9

The PCC responsibilities in relation to the accounts

Charity law states that the Parochial Church Council is responsible for keeping proper accounting records and for the preparation of the accounts which disclose, with reasonable accuracy at any time, the financial position of the church, and to enable them to ensure that the accounts comply with applicable Accounting Standards and Statements of Recommended Practice and the regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the PCC on the and signed on their behalf by 27th April 2025 the Reverend Alex Munro.

..............................

Page 10

Independent Examiner's Report to the PCC of St Peter’s West Molesey

I report on the accounts for the year ended 31st December 2024 that are set out on pages 12 to 21.

Respective responsibilities of the PCC and Independent Examiner

The PCC is responsible for the preparation of the accounts. They consider 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.

Having satisfied myself that the church is not subject to audit and is eligible for independent examination it is my responsibility to:

This report, including my statement, has been prepared for and only for the PCC as a body. My work has been undertaken so that I might state to the PCC those matters that I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to any other than the church and the PCC as a body for my examination work, for this report or for the statements that I have made.

Basis of Independent Examiner's Statement

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 church 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 the 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 statement below.

Independent Examiner's Statement

In connection with my examination, no matters have come to my attention:

  1. which give me reasonable cause to believe that in any material respect the requirements

  2. to keep accounting records in accordance with s.130 of the 2011 Act; or

  3. to prepare accounts which accord with these accounting records have not been met; or

  4. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Date: 30[th] April 2025 Derek Rodwell FCCA Impact The Future Ltd, Bennett Verby, 7 St Petersgate, Stockport, Cheshire, SK1 1EB

Page11

Statement of Financial Activities

For the year ended 31 December 2024

Notes
Income
Donations and legacies
2
Charitable Activities
3
Investment Income
Total receipts
Expenditure
Expenditure on charitable activities
4,5
Parish Share & clergy costs
Parish ministry (services, courses and events)
Night Shelter
Foodbank
Youth & children
Total expenditure
Net incoming / outgoing resources
Gains/(Losses) on investment assets
Transfers
Total funds brought forward
Total funds carried forward		 Unrestricted
Restricted Endowment
Total
Unrestricted Restricted Endowment
Total
funds
funds
funds
funds
funds
funds
funds
funds
2024
2024
2024
2024
2023
2023
2023
2023
139,982
292,240
0
432,222
228,050
249,151
0
477,201
55,343
843
0
56,186
73,086
1,602
0
74,688
5,866
0
0
5,866
3,243
0
0
3,243
201,191
293,083
0
494,274
304,379
250,753
0
555,132
81,371
27,120
0
108,491
78,977
23,599
0
102,576
82,753
26,350
0
109,103
50,690
18,607
0
69,298
4,670
51,739
0
56,409
5,388
44,544
0
49,932
22,260
164,105
0
186,365
9,305
127,578
0
136,883
40,919
7,230
0
48,149
29,125
20,452
0
49,577
231,973
276,545
0
508,518
173,485
234,780
0
408,265
(30,782)
16,538
0
(14,244)
130,894
15,973
0
146,867
0
0
2,345
2,345
40,000
0
8,012
48,012
0
0
0
0
0
0
0
0
573,776
279,550
98,254
951,580
402,882
263,577
90,242
756,701
542,994
296,088
100,599
939,681
573,776
279,550
98,254
951,580

Page 12

St Peter'’s Church West Molesey PCC

Balance Sheet as at 31 December 2024

Notes
Fixed assets
CCLA Investment accounts
7
Tangible assets
8
Current assets
Debtors
Accounts receivable
Other Debtors & prepayments
9
Cash at bank and in hand
Current accounts
CCLA (CBF) Accounts
7
Total Current assets
Liabilities
Creditors: Amounts falling due within one year
Accruals
Accounts payable
Total Liabilities
Net current assets
Total net assets
Represented by Funds
Unrestricted
Restricted
10
Endowments		 100,602
509,683
610,285
855
5,698
6,553
201,543
124,040
325,583
332,136
2,740
0
2,740
329,396
939,681
542,994
296,088
100,599
939,681
As at 31/12/24		 98,256
513,767
612,023
2,700
9,403
12,103
322,111
18,224
340,335
352,438
5,889
6,992
12,881
339,557
951,580
573,776
279,550
98,254
951,580
As at 31/12/23		 98,256
513,767
612,023
2,700
9,403
12,103
322,111
18,224
340,335
352,438
5,889
6,992
12,881
339,557
951,580
573,776
279,550
98,254
951,580
As at 31/12/23
339,557
951,580
573,776
279,550
98,254
951,580

The notes on pages 15 to 21 form part of these financial statements Approved by the Parochial Church Council on 27th April 2025 and signed on its behalf by:

Name: Rev. Alex Munro

Position: Rector/Chair of Trustees

Date: 27/4/25

Page 13

St Peter'’s Church West Molesey PCC

Cash flow statement

For the year to 31st December 2024
Net income for the reporting period (as per statement of financial activities)
Adjustments for:
Depreciation charges
Write off of assets
Decrease/(increase) in value of debtors
Increase/(Decrease) in value of creditors
Net cash from operating activities
Cash flows from investing activities
Purchase of fixed assets
Increase/(decrease) in cash in year
Reconciliation of net debt
Cash and cash equivalents-
Current accounts
CBF accountts
Borrowings
Debt due within one year
Total		 2024
£
25,132
0
5,550
(10,142)		 2024
2023
2023
£
£
£
(14,244)
146,867
24,469
0
(643)
(2,021)
20,540
21,804
(21,048)
0
(14,752)
168,672
opening
cash flow
closing
01/01/2024
2024
31/12/2024
322,111
(120,568)
201,543
18,224
105,816
124,040		 2023
£
24,469
0
(643)
(2,021)		 2023
£
146,867
21,804
0
168,672
340,335
(14,752)
325,583
0
0
0
340,335
(14,752)
325,583

Page 14

St Peters Church West Molesey Notes to the Financial Statements For the year ended 31st December 2024

1. ACCOUNTING POLICIES

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The PCC meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

The PCC of St Peters has prepared detailed budgets for 2025 and considers that the church will continue to be a going concern into the foreseeable future. It has therefore prepared these accounts on a going concern basis.

FUNDS

Unrestricted funds are general funds which can be used for ordinary purposes. Restricted funds relate to

a) Income from trusts which may be expended only on those restricted objects provided in the terms of the trust or bequest and

b) Donations or grants received for a specific object.

Any balance remaining unspent at the end of each year must be carried forward as a balance of that fund.

INCOMING RESOURCES

Donations and other income are recognised when received and an estimate of income tax recoverable is recognised when the related donations are recognised.

Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is probable. Rental income from the letting of church premises is recognised when the rental is due.

RESOURCES EXPENDED

All expenditure is generally recognised when it is incurred and is accounted for gross. The Diocesan Parish share is accounted for when paid.

Expenditure incurred in the operation of the church is classed as charitable activities.

FIXED ASSETS

Consecrated and Benefice property is not included in the accounts in accordance with Section 10 (2a and c) of the Charities Act 2011.

Moveable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property listed in the church inventory which can be inspected at any reasonable time.

All expenditure incurred in the year on consecrated or beneficed buildings or on the repair of movable church furnishings acquired before 1 January 2003 is written off.

Fleetside House, which was bequeathed to the church in 2015, was valued in early 2024 and has been included in these accounts at its market valuation.

Purchases of PA and other equipment are depreciated over 5 years and IT equipment over 3 years. The hub development costs, beginning in 2022, have been depreciated over 5 years in line with the terms of the lease.

Page 15

St Peter's Church West Molesey

Notes to the accounts

for the year ended 31st December 2024

Unrestricted Restricted Endowment Unrestricted Restricted Endowment
funds Funds funds Totals 2024 funds Funds funds Totals 2023
£ £ £ £ £ £ £ £
**2 ** DONATIONS AND LEGACIES
Planned giving 84,908 0 0 84,908 50,818 0 0 50,818
Collection & plate giving 3,171 0 0 3,171 4,559 0 0 4,559
Income Tax recovered (gift aid) 14,610 0 0 14,610 13,497 0 0 13,497
Donations and appeals 8,429 1,705 0 10,135 9,177 6,499 0 15,676
Night shelter grants and gifts 0 16,470 0 16,470 0 63,622 0 63,622
Foodbank grants and gifts 0 27,199 0 27,199 0 114,129 0 114,129
Legacies 28,864 0 0 28,864 150,000 0 0 150,000
Grants 0 246,867 0 246,867 0 64,901 0 64,901
139,982 292,240 0 432,223 228,050 249,151 0 477,201
**3 ** INCOME FROM CHARITABLE ACTIVITIES
Fleetside house 18,225 0 0 18,225 17,775 0 0 17,775
Receipts from weddings etc 3,376 0 0 3,376 4,868 0 0 4,868
Other funds generated 3a 7,466 843 0 8,308 15,821 1,500 0 17,321
Hub Hire 17,142 0 0 17,142 26,733 0 0 26,733
Church Hall Lettings 9,135 0 0 9,135 7,890 102 0 7,992
55,343 843 0 56,186 73,086 1,602 0 74,688
**3a ** OTHER FUNDS GENERATED
Youth 0 0 0 0 750 750
Fish'n'Chip supper 275 0 0 275 0 0
Christmas Fair 1,574 0 0 1,574 0 0
Harvest Supper 233 0 0 233 0 0
Allsorts 0 237 0 237 425 425
Other income 846 0 0 846 1,836 1,836
PAIS contributions (from St Nicholas) (3,333) 606 0 (2,727) 4,695 1,500 6,195
Love Molesey 0 0 0 0 245 0 245
Net coverage 7,870 0 0 7,870 7,870 7,870
TOTAL 7,466 843 0 8,308 15,821 1,500 0 17,321

4a EXPENDITURE- 2024

Parish Share & clergy costs
Parish ministry (services, courses and events)
Includes Bridge The Gap
Night Shelter
Foodbank
Youth & children
Allocation of payroll costs
Allocation of Central admin costs
Totals
EXPENDITURE- 2023
Parish Share & clergy costs
Parish ministry (services, courses and events)
Night Shelter
Foodbank
Youth & children
Allocation of payroll costs
Allocation of Central admin costs		 Direct costs Staff costs
Central
admin costs Total costs
2024
2024
2024
2024
£
£
£
£
93,283
12,199
3,008
108,491
59,060
29,081
20,962
109,103
39,510
13,843
3,056
56,409
53,921
126,234
6,211
186,365
12,179
33,371
2,599
48,149
257,953
214,728
35,836
508,518
214,728
(214,728)
0
35,836
(35,836)
0
508,518
0
0
508,518
Direct costs
Staff costs ntral admin co Total costs
2023
2023
2023
2023
£
£
£
£
91,067
8,623
2,885
102,576
36,708
13,581
19,009
69,298
30,942
14,979
4,011
49,932
59,263
72,457
5,163
136,883
9,095
36,516
3,967
49,577
227,074
146,156
35,035
408,265
146,156
(146,156)
0
35,035
(35,035)
0

4b EXPENDITURE- 2023

Page 16

5 Totals
Expenditure- direct costs
Parish Share & clergy costs
Diocesan Parish Share
Clergy expenses and locums
Vicarage phone / water rates/ etc
Curate Costs
Parish Ministry & services
Giving
UK charities- see breakdown below
Individuals
Services and event costs
Organ/piano Tuning
Upkeep of services
Payment of fees to diocese
Ministry and event costs
Alpha
Focus Costs
Communitybreakfast
Pais
Other courses
Love Molesey
Bridge The Gap
Cost of other events
Total parish ministry costs
Night Shelter Costs
Contractor Payments
Expenses
Food Bank Costs
Contractor costs
Premises costs(includingdepreciation)
Foodpurchases
Staff & Volunteer expenses
Administration
Grants to individuals
CommunityStaff worker costs
CommunityBreakfast Project
Youth and Children costs
4pm worship/schools
Children & MessyChurch
Youth
Central and overhead costs
Property costs
Church Insurance cost
Church Maintenance
Church & Hall cleaning
Church Garden
Church running cost electric/gas/water
Hall running cost-water
Hall maintenance
Hall Wifi
Depreciation
Youth Centre/Hub maint & equipment		 408,265
0
0
408,265
Unrestricted
funds
Restricted
Funds
Endowment
funds
Totals 2024
Unrestricted
funds
Restricted
Funds
Endowment
funds
Totals 2023
£
£
£
£
£
£
£
£
50,048
14,666
0
64,714
63,662
13,543
0
77,205
2,222
0
2,222
2,901
166
3,067
548
0
548
545
545
13,500
12,300
25,800
4,100
6,150
10,250		 408,265
0
0
408,265
66,317
26,966
0
93,283
71,208
19,859
0
91,067
2,682
249
2,931
2,386
0
2,386
8,969
5,619
14,588
181
7,098
7,279
11,651
5,868
0
17,519
2,567
7,098
0
9,665
620
0
620
0
0
6,766
0
6,766
2,020
2,020
2,958
0
2,958
2,453
2,453
10,344
0
0
10,344
4,473
0
0
4,473
474
0
474
583
583
8,101
0
8,101
1,374
2,937
4,311
0
0
0
0
0
15,401
0
15,401
5,774
6,117
11,890
2,738
0
2,738
1,559
83
1,641
463
0
463
554
0
554
0
1,160
1,160
2,861
0
2,861
3,590
3,590
30,037
1,160
0
31,197
13,433
9,136
0
22,569
52,032
7,028
0
59,060
20,474
16,234
0
36,708
0
27,982
27,982
26,009
26,009
0
11,528
11,528
4,933
4,933
0
39,510
0
39,510
0
30,942
0
30,942
0
13,879
13,879
19,598
19,598
0
20,666
20,666
25,147
25,147
0
1,765
1,765
2,496
2,496
0
587
587
1,399
1,399
0
1,253
1,253
1,811
1,811
0
3,611
3,611
1,644
1,644
0
9,329
9,329
4,798
4,798
0
2,830
2,830
2,372
2,372
0
53,921
0
53,921
0
59,263
0
59,263
4,554
205
4,759
3,376
3,376
816
0
816
901
15
916
(0)
6,604
6,604
0
4,803
4,803
5,370
6,809
0
12,179
4,277
4,818
0
9,095
1,617
389
2,006
1,698
481
2,179
4,478
0
4,478
1,196
1,196
1,907
0
1,907
2,528
2,528
0
0
0
242
242
2,209
0
2,209
1,682
1,062
2,744
171
0
171
219
219
1,927
0
1,927
349
0
349
353
0
353
618
0
618
1,370
3,140
4,509
1,370
2,630
4,000
6,881
674
7,554
2,907
7,557
10,464

Page 17

General costs
Accounting and Independent Examination
Staff team costs
Administration costs including phone
Software subscriptions
Fleetside House costs
Insurance
Maintenance
Total Central/overhead costs		 20,914
4,202
0
25,116
12,809
11,729
0
24,538
c
1,800
500
2,300
813
688
1,500
3,743
0
3,743
1,419
1,419
3,638
(2,342)
1,296
4,569
4,569
2,609
349
2,958
2,078
480
2,559
11,789
(1,493)
0
10,297
8,879
1,168
0
10,047
330
0
0
330
326
0
0
326
93
0
0
93
123
0
0
123
424
0
0
424
449
0
0
449
33,127
2,709
0
35,836
22,138
12,897
0
35,035

Included in the above figures is the fee for the preparation of the annual accounts and independent examination of £1.600 (£2023 £1,500).

Mission giving to other organisations is summarised as follows. These are the payments that were made in the year shown and were often accrued in the previous year

Activate Church/Sports Ministry
PAIS Project
Scripture Union
Alpha International- Ukraine Appeal
Compassion UK
Historic Churches
6 Salaries
Analysis of payroll:
Gross pay
Employers NI (net of employment allowance)
Employers Pension		 2024
£
1,500
280
0
0
352
50
2,182
2024
£
198,521
11,516
4,692
214,728		 2023
£
2,000
0
0
0
386
0
2,386
2023
£
137,627
5,112
3,417
146,156

In the 12 months ending 31st December 2024 there was an average of 10.2 (2023 8.5) people on staff representing an FTE of 6.5 (2023 4.6). The key management role was filled by the Revd Alex Munro who received his salary from the diocese and received no emoluments or benefits in kind from the PCC Expenses incurred on behalf of the church were refunded against receipts. No member of staff received renumeration of above £60,000

7a Movement of CBF Funds 2024

Movement of CBF Funds 2024
Designated Church Fabric Fund
Designated Hall Fabric fund
General Deposit account
Income / Expenditure totals		 Opening
balance
Receipts
Transfers
(from/to
current
account)
Closing
balance
2,355
126
2,481
3,472
184
3,656
12,396
5507
100,000
117,903
18,223
5,817
100,000
124,040

7b Movement of CBF Funds 2023

Designated Church Fabric Fund Designated Hall Fabric fund General Deposit account Income / Expenditure totals

Transfers
(from/to
Opening current Closing
balance Receipts account) balance
2,282 73 2,355
3,364 108 3,472
14,335 3,061 (5,000) 12,396
19,981 3,242 (5,000) 18,223

7c Movement of share values

Page 18

**8 ** CBF
Fixed Interest Fund (9,113.00) shares
Investment Fund (3763.00 shares)
Total
Tangible fixed assets
Assets at cost or valuation
Opening balance 1/1/24
Purchases
Revaluation
Closing balance 31/12/24
Depreciation
Opening balance 1/1/24
Charge for the period
Closing balance on accumulated depreciation 31/12/24
Closing balance on fixed assets 31/12/23
Closing balance on fixed assets 31/12/24
261 Fleetside was bequeathed to the church in 2015.
A valuation of 261 Fleetside was obtained early in 2024 and it was estimated		 Opening
balance
1/1/23
2023 Yearly
movement
Closing
market value
31/12/23
2024 Yearly
movement
Funds
added
Closing
market value
31/12/24
£
£
£
£
£
£
12,493
699
13,192
398
0
13,590
77,750
7,314
85,064
1,947
0
87,011		 Opening
balance
1/1/23
2023 Yearly
movement
Closing
market value
31/12/23
2024 Yearly
movement
Funds
added
Closing
market value
31/12/24
£
£
£
£
£
£
12,493
699
13,192
398
0
13,590
77,750
7,314
85,064
1,947
0
87,011
90,243
8,013
98,256
2,345
0
100,602
Fleetside
Plant &
Premises
Total
House
machinery
£
425,000
19,999
106,949
551,948
0
2,548
18,500
21,048
0
0
0
0
425,000
22,547
125,449
572,996
0
11,641
26,540
38,181
0
4,509
20,623
25,132
0
16,150
47,163
63,313
425,000
8,358
80,409
513,767
425,000
6,397
78,286
509,683
to have a market value of approximately £425,000		 Fleetside
Plant &
Premises
Total
House
machinery
£
425,000
19,999
106,949
551,948
0
2,548
18,500
21,048
0
0
0
0
425,000
22,547
125,449
572,996
0
11,641
26,540
38,181
0
4,509
20,623
25,132
0
16,150
47,163
63,313
425,000
8,358
80,409
513,767
425,000
6,397
78,286
509,683
9 Debtors
Gift Aid recovery HMRC
Income not banked
Night Shelter contributions
St Nicholas Church- PAIS donation
Deposit on curates flat
Accounts receivable		 2024
£
706
2,627
0
0
2,365
855
6,553		 2023
£
899
2,224
581
3,333
2,365
2,700
12,103
**10a ** Movements on restricted funds 2024
Night Shelter Grants and donations
Donations and sundry smaller grants
Elmbridge Borough Council
(grant received in February 2025)
EBC Daytime provision 24-25
Walton Charity- delegated Fund
Foodbank grants and donations
Food Bank smaller grants & gifts
Love Christmas- CRT
Thames Ditton Foundation- towards local hardship
Household Support fund- SCC
Walton Charity- delegated fund
Trussel Trust Grants- Financial Inclusion
Youth and childrens work grants
Bishop of Guildford- Bespoke Youth Grant
Walton Charity- Youthwork grant
Mustard Seed Fund
Rising Generation grants and donations
Other grants
Hub Improvement grant
Surrey CC
Ukraine Appeal
Tesco Top-up
Other small gifts and donations
Bridge The gap outreach funding
Surrey CC
In Work poverty grants
Walton Charity
Cost of Living Grant
Elmbridge BC		 Opening
balance
Receipts
Expenditure
Transfers
Closing
balance
25,546
36,470
(53,519)
0
8,497
(0)
0
(3,281)
0
(3,281)
0
6,885
0
0
6,885
795
15,000
(378)
0
15,417
26,341
58,355
(57,177)
0
27,518
148,390
27,199
(97,130)
0
78,459
0
1,000
(1,000)
0
0
1,526
0
(320)
0
1,206
0
30,362
(28,592)
0
1,770
0
2,000
(1,880)
0
120
0
21,281
(13,879)
0
7,402
149,916
81,842
(142,800)
0
88,957
1,136
0
0
0
1,136
0
15,000
(12,300)
0
2,700
2,150
0
(1,569)
0
581
(0)
7,825
(7,825)
0
(0)
3,286
22,825
(21,694)
0
4,417
0
50,000
0
0
50,000
951
0
0
0
951
0
2,131
(538)
0
1,593
526
1,347
(1,063)
0
809
0
42,500
(14,037)
0
28,463
0
9,900
(4,800)
0
5,100
11,919
1,452
(8,988)
0
4,382

Page 19

Hardship Fund
Walton Charity
Christmas Voucher fund
Henry Smith Eleemosynary fund
Restricted funds in fixed assets
Panel Dividers funded by Public Health Surrey
Hub development- various grants
Equipment purchased from CoL EBC grant
Food Bank racking funded by donations		 251
0
0
0
251
(0)
1,684
(1,684)
0
0
13,645
109,013
(31,110)
0
91,549
193,188
272,035
(252,782)
0
212,442
2,351
0
(830)
0
1,521
80,410
18,500
(20,623)
0
78,286
0
2,548
(510)
0
2,038
3,601
0
(1,800)
0
1,801
86,362
21,048
(23,763)
0
83,647
279,550
293,083
(276,545)
0
296,088
Movements on restricted funds 2023
Cost of Living Grant
Elmbridge BC
Night shelter- donations and grants
Night shelter- grants
Elmbridge Borough Council
Night shelter- grants
DLUHC Grant for Transformation Fund
Night shelter- grants
Walton Charity- delegated Fund
Hardship Fund
Walton Charity
Christmas Voucher fund
Henry Smith Eleemosynary fund
Community Support Worker
National lottery
Community Support Worker
West Molesey Eleemosynary
Community Support Worker
EBC from Partnership Fund
Food Bank grants & gifts
Food Bank grants
Love Christmas- CRT
Food Bank grants
Thames Ditton Foundation- towards local hardship
Food Bank grants
Elmbridge Borough Council Annual grant 23/24
Food Bank grants
Household Support fund- SCC
Food Bank grants
Trussel Trust Grants
Youth work grants
Bishop of Guildford- Bespoke Youth Grant
Youth work grants
Elmbridge BC- youth worker grant
Youth work grants
Walton Charity- Youthwork grant
Youth work grants
Mustard Seed Fund
Youth work grants
SU Focus grant
Youth work grants
Interim Club Donation
Youth work grants and donations
Hub development grant
Elmbridge BC Cost of Living grant
Ukraine Appeal
Focus gifts
PAIS gifts and grants
Other small gifts and donations
Restricted funds tied up in fixed assetPanel Dividers funded by Public Health Surrey
Hub development- various grants
Food Bank racking funded by donations
Total Restricted funds		 Opening
balance
Receipts
Expenditure
Transfers
Closing
balance
0
17,605
(5,686)
0
11,919
(0)
46,122
(20,575)
0
25,546
(0)
7,500
(7,500)
0
(0)
6,401
0
(6,401)
0
0
5,000
12,000
(16,205)
0
795
251
0
0
0
251
0
6,290
(6,166)
(124)
(0)
4,759
0
(4,759)
0
0
(124)
0
0
124
0
5,000
0
(5,000)
0
0
110,474
81,172
(43,256)
0
148,390
36
1,000
(1,036)
0
0
(0)
2,540
(1,014)
0
1,526
0
2,350
(2,350)
0
0
0
22,220
(22,220)
0
0
18,990
0
(18,990)
0
0
1,682
5,250
(5,796)
0
1,136
0
1,000
(1,000)
0
0
0
15,000
(15,000)
0
0
0
3,104
(954)
0
2,150
0
400
(400)
0
0
0
3,700
(3,700)
0
0
195
1,794
(1,989)
0
(0)
0
15,000
(15,000)
0
0
849
102
0
0
951
0
2,537
(2,537)
0
0
0
1,500
(1,500)
0
0
603
2,567
(2,644)
0
526
154,115
250,753
(211,678)
0
193,189
3,181
0
(830)
0
2,351
100,879
0
(20,469)
0
80,410
5,401
0
(1,800)
0
3,601
109,461
0
(23,099)
0
86,362
263,575
250,753
(234,777)
0
279,550

10b Movements on restricted funds 2023

9 Analysis of net assets by fund

Analysis of net assets by fund
Fixed assets
Current assets
Creditors due within one year
NET ASSETS		 Unrestricted
Restricted
Endowment
Total
Unrestricted
Restricted
Endowment
Total
funds
funds
funds
funds
funds
funds
funds
funds
2024
2024
2024
2024
2023
2023
2023
2023
£
£
£
£
£
£
426,040
83,646
100,599
610,285
427,406
86,361
98,256
612,023
119,694
212,442
0
332,136
159,249
193,189
0
352,438
(2,740)
0
0
(2,740)
(12,879)
0
(2)
(12,881)
542,994
296,088
100,599
939,681
573,776
279,550
98,254
951,580

10 Related Parties

During the year, no PCC members received any benefits in kind (2023 - £NIL).

Page 20

During the year, no PCC members received any reimbursement of personal expenses incurred as a PCC member (2023 - £NIL). Expenses incurred on behalf of the church were re-imbursed as usual..

Helen Munro, who is married to the Revd Alex Munro, received contributions from the church towards the food and accomodation costs of housing 2 of the PAIS interns. These amounted to £2,400 in total in 2024 (£2,400 in 2023). Helen was also on the staff during the year receiving remumeration totalling £5,943 (2023 £5,868). A total of £34,450 (2023 £14,325) was received from PCC members during the year

Page 21