ST JAMES, CHURCH
ELSTEAD
FINANCIAL STATEMENTS
of the
PAROCHIAL CHURCH COUNCIL
st
Year Ended 31 December 2022

ELSTEAD PAROCHIAL CHURCH COUNCIL
endent Examiner's re
ort to the Parochial Church Council
of St. James, Elstead
Inde
for the Year ended 31st December 2022
I report on the accounts of the Parochial Church Council forthe year ended 31st December 2022
set out on pages 2 to 8.
Respective responslbllities of trustees and examiner
As the charity's trustees you are responsible for the preparation of the accounts. You consider
that the audit requirement of Sertion 144121 of the Charities Act 2011 (the Act) does not apply.
It is my responsibility to examine the accounts under Section 145 of the Act- follow procedures
specified in the General Directions given by the Charity Commissioners under Section 14515llbl
of the Act and to state whether particular matters have come to my attention.
Basls of Independent Examiner's report
My examination was carried out in accordance with the General Directions given by the Charity
Commissioners. An examination includes a review of the accounting records kept by the charitv
and a comparlson 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 such matters. The procedures undertaken do not include all the evidence that would
be required in an audit. and consequently I do not express an audit opinion on the view given by
the accounts.
Independent ExaminÈrfs statement
In connection with my examination no matter has come to my attention..
which gives me reasonable cause to believe that in any material respect the requirements to
keep accounting records in accordance with Section 130 of the Act and to prepare accounts
which accord with the account records and to comply with the accounting requirements of the
Act have not been met,. or
to which, in my opinion, attention should be drawn in order to enable a proper understanding
of the accounts to be reached.
Paul Chamberlain FCA, DChA
Elm House,
Tanshire Park,
Shackleford Road,
Elstead,
Godalming, Surrey, GU8 6LB
2023

ELSTEAD PAROCHIAL CHURCH COUNCIL
Annual Review of Financial Activities
st
Year ended 31 December 2022
Total receipts on unrestrirted funds were £71,813.
Restricted income totalled £106,475 of which £30,566 was forthe Foodbank and £73,855 for Fit for the
Future building project.
Planned giving is static and not keeping pace with rising costs and is a concern. Whilst it is good to have
received some generous donations towards the F4F project we need to continue to meet our daily
running costs.
The sale of the Elstead Village News continues to produce a good income.
Total outgoing on unrestricted funds was £78,559
Diocesan Parish Share was a small decrease to £39,508.
The Parish Office costs have increased in line with the demand on administrative and support needs of
the EFSPH group. These costs are shared with Thursley and Shackleford & Peper Harow Parishes. The
Elstead share only is shown in these accounts.
Outward Eiving has been maintained. particularly sUPPOrting our school. and a balanced approach taken
on the Charities to be supported.
The FoodBank received grants of £18,250 from Surrey County Council and some personal donations to
help cover periods when demand is great and grants have been used.
The FoodBank and the Pastoral Fund have been used to relieve those in greatest need in Elstead, and
now form a significant part of our weekly activities.
The net result on unrestricted funds a deficit of £6,746 before unrealised losses on investments. (ln
2021 the deficit on unrestricted funds was £1.520 with unrealised gains on investments of £8,554.)
To cover the deficit £6,000 has been moved from the designated fund for Major Repairs back into the
general fund.
Reserves Policy:
The PCC policy is to maintain a balance on unrestritted funds to cover at least three month5 regular
payments, which would be £19,640. The current reserves are 40% of £19,640, however the designated
funds of £66.350 are available but continued use of these funds will impart on the funds for the F4F
project.
The PCC will discuss how to increase planned giving in 2023.
The Flt for the Future ProJert is our main concern and active Fund Raising. All funds raised are
restricted funds.
The Major Repalrs Fund is a Designated fund with the intention of covering future repairs cost5,
particularly the Quinquennial Costs. As thls Is a Designated Fund the PCC can decide whether to
reallocate this fund at a future date, back to the general fund, or to the Fit for the Future Project when
the project is further advanced and the effect on the repair's requirement understood.
Note prepared by Revd Deliij Om?efor Pccin the absence of an Honorary treosurer.
Poge I

ELSTEAD PAROCHIAL CHURCH COUNCIL
Balance Sheet
31st December 2022
Notes
31 Dec 2022
31D¢
Investment Assets
Investments, at market value
64.783
56,819
1,764
84,783
ui
Current Assets
Debtors & p￿paYments
Income Tax recoverable
Depgsit Account
Current Accounts & Floats
7,484
4,090
105,000
8,262
124.836
10,041
1,744
40,000
8,695
60,480
Less - Creditors
Creditors & Accruals
Provision for School Allocation
Provision for OU￿ard Giving
9,778
13,737
9,778
115,058
46,743
TOTAL ASSETS
173,641
£ 111,526
represented by:"
Unrestricted Fund
General Fund
7.741
16,451
7,741
16A51
Desi
nated Funds
Major Repairs
Re-ordering Prtsjéct
34,976
31.374
40,976
66.350
72,350
Restricted Funds
Book c)f Remembrance
Garden of Remèmbrance
Pastoral Fund
Foodbank
Flower Fund
Re-ordering Project
Major Repairs Fund
125
1,853
5,628
17,881
175
1,822
5,965
10,570
100
2,093
2.000
72,065
2,000
99,550
22.725
TOTAL FUNDS
£173,641
£111,S26
Approved by the Parochial Church CouncAI on ..
and signed by "_
K&vJ). rt4NNAH
(Redorl
Page 2

ELSTEAD PAROCHIAL CHURCH COUNCIL
statement of Financial Activitie
315t D¢¢èmb&r 2022
Total Funds
Unrestri¢tsd Designated Re8tri¢ted
Fund$
Funds
Funds
31 Dec 22 31 Doc 21
Nots$
INCOMING RESOURCES
IKom8 frorn"_
Donors
Lrfacios
Grants
ResliKted Donats"ons
Investments
Activities to further PCC objtetivès
Adivilies to generate funfSs
Special Collections
Fit4Future- ￿orderIng
Total Incomlnu Re$ourc68
21al
21bl
21bl
21bl
21¢)
21dl
21el
44,530
44,530
45,538
2,900
18.000
2,390
1.638
5,760
10,149
1.3
4.332
£92,090
7.￿0
18.250
13.316
25.250
13.316
2.013
6.778
1.572
974
73,655
£176.288
2.013
6,898
11.572
80
974
73,855
£106.475
£71,813
OUTGOING RESOURCES
Expetldiluie on..
Mission Giving & Grants
Costs relating to the wolk of the Church
Church Administration
Other Costs
Fit4Fulure- reorderin9
Total Outgoing R¢$our¢e8
31al
31bl
31¢)
31dl
4,463
52,925
11.863
9.308
25.568
100
30,031
53,025
11,863
9,408
3.883
£108,210
18,507
53,532
6,349
6.550
8,214
£91.252
100
3,883
£29.651
£78.559
NET OUTGOINGIINCOMING RESOURCES
Transferfrom designated fund ￿paIrS
16,7461
6.000
-746
76,824
£10,078
£838
I6.0￿)
Unrealised Loss l Gain on Investment
-7,904
82,114
8,854
9,392
4,710
76,824
8alances brought fornvard
£16,461
£72,350
£22,726 £111.626 £102,134
Balan¢e$ cathed foEw8rd
£66.350
£99 $50 £173 640 £111,526
P￿e3

ELSTEAD PAROCHIAL CHURCH COUNCIL
Notes to the Financial Statements
for the Year ended 31st December 2022
ACCOUNTING POLICIES
The financial statements have been prepared in accordance with the Church Accounting
Regulations 2006, together with applicable accounting standards and the Charities, SORP 2005.
The financial statements have been prepared under the historical cost convention,
except for the valuation of investment assets which are shown at market value.
Funds
The General funds represent funds of the P.C.C. that are not subject to any restrictions
regarding their use and are available for the general purposes of the P.C.C.
Funds designated for a particular purpose by the P.C.C. are also unrestricted.
Funds received for specific purposes are placed in a restricted fund.
Incomlng Resources
Planned giving, collections and donations are recognised when received.
Legacies are brought in at the amount estimated by the executors as receivable.
Income tax recoverable on gift aid donations is accounted for when recognised.
Dividends and interest are accounted for when receivable.
Unrealised gains or losses are accounted for on revaluation of investments at
Balance Sheet date.
Resources Expended
Grants and donations are accounted for when paid over, or when awarded if that award
creates a binding obligation on the P.C.C.
The diocesan parish Share is accounted for when payable
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Consecrated and beneficed property of any kind Is excluded from the accounts by s.10 of the Charities Act
2011. However, the PCC is responsible for the insurance and maintenance of its consecrated property. All
expenditure incurred in the year on consecrated buildings, on individual items under £10,000, or on the
repair of movable church furnishings is written off.
Movable church furnishings held by the Rector and Churchwardens on special trust for the PCC, and which
require a faculty for disposal, are accounted as inalienable propety unless consecrated. They are listed in
the church's inventory, which can be inspected at ary reasonable time.
Other fixtures, fittings and office equipment Individual items with a cost of less than £900 are written off on
acquisition. Items which are capitalised are depreciated on a straight-line basis over 5 years. Depreciation is
recognised so as to write off the cost or valuation of assets less their residual values over their useful lives
for equipment this is at 20% on cost.
Page 4

ELSTEAD PAROCHIAL CHURCH CO
CIL
Note
to the Financial Statements
31st December 2022
Totsl Funds
INCOMING RESOURCES
Unrestricted Restricted
Funds
Funds
31 Dec 22 31 Dec 21
Income from:.
Not¢s
21al
Dono
Parish Giving Scheme
Gift Aid Donatlons
Grft Aid Envelopes
Other Planned Givsng
Income Tax recovery
olleclions lopen platel
Sundry Donations
Spècial Colledions
24,884
6,041
1,210
24,884
6,041
1.210
26,494
4,261
1,430
1,082
10,358
897
1,016
1,383
46,921
9.202
3,193
9.202
3.193
521
463
521
453
974
44,530
2Ibl Other Grants & Donations
Billmeir Trust
Legacies
Fiiends of Sl Jarnes- see Note 7
Foodbank Surrey CC grant
Foodbank Donations linc Tax Recl
Pastoral Fund - Fue5 Poverty
7,000
7.000
7,000
2.900
18,250
12,316
1,000
31,586
18,250
12,316
1,000
38,566
11.000
2.190
200
23,290
7,000
21cl Inv&s
ments
Dividends & Interest
2,013
1,638
21dl
ctlvlties to further P
Parochial Fees
Refreshment Sales
Book of Remembrance
Garden of Remembr3nc
C ob'ectives
6,698
6,898
5.020
50
30
80
50
30
6,778
145
595
5,760
6,698
2101 Aetivltles to
ene
funds
Elslèad Village News - Sales
Elslead Village News- Advertising
Church History Book Sales
Christmas Card Sales
3,847
7.899
3,647
7.899
2,963
7,154
20
12
10.149
26
11,572
26
Fi14Fulure- reordering
73,855
73,855
4332
TOTAL INCOMING RESOURCES
£71.813 £106,475
£178,288
£92,090
Year gnded 31st Decomber2021
92.090
Pag8 5

ELSTEAD PAROCHIAL CHURCH COUNCIL
Notes to the Flnancial Statements
31st Decembgr 2022
Total Fund$
RESOURCES EXPENDED
Unrestricted Restricted
Funds
Funds
31 Doc 22 31 Dèc 21
Ex
endi
on:.
Notss
3{al Grants & Pa
ments
Grants- Sl James. School
MissK)nary Giving
Special Colle¢tions
Foodbank
Crisisl Pastoral Care
Ou￿rd Donations by PCC
1,613
2,800
1.613
2,800
974
23,255
1,339
50
30.031
1,200
3.300
1,383
10,771
1,601
351
974
23,255
1,339
50
4.463
25,568
31bl Costs r&latin
to the work of the Church
Diocesan Parish Share
Ministry & Vvorship
Paro¢hial Fees
Church Repairs & Maintenance
Church Gas, Electricty & Water
Church Insurance
Organist & Music
Sundries
Travel
Examinerfs Fees
Bank charges
8ook & Garden of Remembrance
39,508
491
4.492
2.581
2,201
1,675
1,395
39.508
491
4,492
2,581
2,201
1.675
1.395
41,519
915
2,923
2,587
1,386
1,623
1,092
381
132
450
107
419
53,534
500
82
82
100
100
100
52,925
31cl Parish Officè
Office Salaries
Office Phones & Broadband {Shared}
Printing Costs (Shared)
Office Expenses (Shared)
9,699
551
1.473
140
11,863
9,699
551
1,473
4,726
241
1,093
288
6.348
11.863
31d} Other Costs
Advertising & Publictty
Service Resources (Shared)
Equipment Deprec*alion
Rectory Expenses {Shared}
Travel (Shared)
Elstead Village New8
1,364
1,930
198
289
753
4,774
9,308
1,364
2,030
198
289
753
4,774
9.408
100
1.321
499
4,878
6,550
100
Ff(4Future- reordering
3,883
3,883
6.214
TOTAL RESOURCES EXPENDED
£78,559
£29.651
£108,210
£91.252
Year ended 31st December2021
20.388
Note." "Shared"costs ar& net ofcontrlbul￿S from Thursley and Shacklefong & FeperH&rowp8nsh8s
P6ge 6

ELSTEAD PAROCHIAL CHURCH COUNCIL
Notes to the Financial Ststements
Dgcember 2022
2022
2021
ALLOCATION8
St. James. Primary School
Bishop of Guildlord Communities Fund
Church Army
Church Missionary Society
Open Doors
Step by Slep
Covid relief in Nepal
1,614
700
600
600
700
200
1,200
700
700
700
700
500
£4,500
£4,414
SPECI
L COLLECTIONS
Step-by-step
Funeral Collections
Remembrance day Collection
PCC membgrs & Clergy Gffts
453
299
133
397
280
1056
£974
£1,733
Totsl Allo¢ated and Speclal Collections
£5.388
£6.233
FUND DETAILS
Funds r&ceived during the year for specific purposes are held in the Restricted Fund
and the unexpttnded balance5 8re carried forward for future use.
A number of collections were raised during the year for specific char((ies, as shown
al Note 8, and held in the Restricted Fund. Thes& have been remrtted during the
year for the purposes for which they were reGeived.
Foodbank and Pastoral Fund$ have been set up to serve the needs of the ¢ommunity.
CAPITAL COMMITMENT
The Parochial Church Council has Contracted wlh rts architects lo pay a fee of
£26,400 for professional services on the Re-ordering Project. A total of £19,309
has been paid lo date.
FIXED A
ETS-E
UIPMENT
Cost
De
reciation Nel Book Value
Acquired in the year
Laptop
Shed al Rectory
1,000
1.205
Depreciation 20% straight line
441
441
2,205
1,764
Page 8