BUCKINGHAM PARISH CHURCH
Annual Report & Financial Statements of the Parochial Church Council for 2021
presented to the Annual Parochial Church Meeting on 24th April 2022
Table of Contents
----- Start of picture text -----
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|eel|Charity Information ........................................................................................................................................ 3|ETE|reg|ee|ee|a|pe|
|Rectors Report ................................................................................................................................................... 4|
|el|a|ne|ae|
|Deke|BPC Financial Statements ................................................................................................................................|a||7|
|Independent Examiners Report .......................................................................................................................... 8|
|Pee|Se|Be es SeSETgt|
|a|Statement of Financial Activities ..................................................................................................................... 9|SR|FP|te|ners momen|em|ae|ede —,|Bien|[=m]|ee|[bal]|
|ee|Balance Sheet .....................•.••.........................•............•..................................•......•.............•...............••....... 10|ae|
|Se|Fund Analysis ................................................................................................................................................... 11|ee ie|Bes|ee|a|rr)|
|ee|Additional Notes .........................................•.............................................•.•...........................•...................... 12|eS.|= ee|—|iH|i|sien|weSeee|ne|
----- End of picture text -----
2 &
St Peter & St Paul Parish Church, Buckingham ~~——————_ a~~ Castle Street Buckingham MK18 lBS Parish Office 01280 821509
www.bpchurch.uk
Charity Information
Charity No 1128704
Incumbent: The Revd Will Pearson-Gee The Rectory, 8 Aris Way, Buckingham MK18 lFX Churchwardens: Mr Mike Evans Foxglove House, Main Street, Tingewick, MK18 4NL Mr Max Hailey 53 Meadoway, Steeple Claydon, MK18 2PA Banks: CAF Bank Ltd 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ Lloyds TSB Bank 19 Market Square, Buckingham MK18 lNP Auditor: Hills & Burgess, 20 Bridge Street, Leighton Buzzard LU7 7 AL
3
Ge) Rector's Report for 2021 Sarat
fre We rather limped into 2021 off the back of some good but sparsely attended Christmas services. Schools were ee Se Se) a Sk ect ee, ei closed and with a stifled cry of agony, we returned to the dark and frustrating days of home-schooling. Ae Controversially BPC took the decision to keep meeting physically but encouraged those who felt vulnerable to 'stay 1 AS SS EL CE i Pomeg saa SS WET ees Magee svete gem lenge ie le elapse ae aes See ro ee at home to stay safe' and watch on line via our excellent livest ream service. This was in marked contrast to many ae CES SOY ee teks SRS Wachee Awa Fate ee other churches who played it safe and closed their doors relying instead on 'church via Zoom' which worked to a eeeOe eh ee iatrasate To certain extent but as we all know now, could never really replicate or match a physical church meeting. While the ecclesiastical lawyers debated whether or not individual wine cups were allowed under Canon Law, we settled in 7s. " oe € bie oes ete Tre, oatee" to a routine at the Lord's Supper of using them and consuming all together.
The 9am congregation, who by dint of age had all had their vaccinations before the younger congregations, were Sele sire ce Pd fe eget Shes eri Get stoic and quick to return to church and generally happy to wear face coverings. The 11am family service followed an all-age format as the kids' groups couldn't be run and despite all the challenges attracted new people and grew mel=r eee be JerradeS started to return, albeit chafing at having to wear masks. slowly. The evening service ran at a fraction of its former numbers but its heart kept beating as one by one people LSSit Be ee aeathe Oecect Gents SE Sree SEan SERCeesperemA SE4 Patiom,SI4 The teams responsible for our corporate worship poured themselves out sacrificially week by week and a special tamepat tenets e SS tet ate ate ‘eater mention must go to the Production Team whose high standards enabled our livestream to be very successful Se eS cee indeed, not just in live views but with people watching on 'catch-up'. he SoesSethe Secasae ee ere al aay pal EE'c_relatee=ye eet e t ne ete screpee x eee As the letter writer to the Hebrews said, "not giving up meeting together, as some ore in the habit of doing" and eeSoe our stubbornness over remaining open for physical worship, no matter what, meant that the home fires never es To ee Opiate, meetstt eresa ercere oresce, eeeves ernEa SSS went out. It is for this reason that we were able to recover in a remarkable way that few other churches managed. Lay CE ee Ae alt ee, et eee There were tensions along the way and Covid polarised the church just as it did society with people at one end of abides ta mmtarae em SNE Re hte” a Co, tse. Wer,ite oncua" se ol the spectrum thinking we were foolhardy and endangering people, to those who felt the whole Covid response was far too draconian. Mercifully and by the grace of God we generally held these two opposing views in a eeod A tet Tepes = Soe Sg Oe | nee oa (xi e ceeTt ieee orett EFaknt ~ creative tension which whilst very hard to manage did lead to deep conversations with people and a greater reliance on the Holy Spirit to mediate and strengthen the body of the church. is mippetin py 7a Pla es ee = Attendance at services grew gradually but the trajectory was always in the right direction (as can be seen from the ative, plaorneesBenge wlllagh fl oa pled fee oe Palepeg figures elsewhere in this report) and is something to thank God for. The schools reopened on 8 Me wow, meqepediesh” th* Yi March and we held our traditional Maundy Thursday Communion and Stripping the See, Se ee SSwe the Walk of Witness and outside service on Good Friday. Altar service in the chancel on 1st April. The Good Friday Churches Together service took place but we cancelled oten.ee“ae OSee,ee PeEeeo ne2
The Easter services were less well attended but went ahead as usual. Pye] erpectinos et f= 7 ee de. ee ee ere
The APCM was held on 27 SRSah i le _Sgy th April on Zoom and was very well attended indeed. ollees depenter ee erg Seo cet
In May we interviewed for a new Youth and Student Pastor and appointed Sam Graham and housing was provided UTeS ht Peo eee coc ee by a member of the congregation following prayers and an announcement. Pe gee a ee Ce ee,
ee The Choir reformed in June and blessed the 9am, socially distanced, from the chancel. eeie he i edetoe
There was a large and successful men's BBQ on 25 woe OR yg ns th June which after so much isolation and being cooped up for so long attracted a large crowd. qoncmenk PearcmanhOe Oe eM Rapme sal ny elgg ety gee pegs Taper PE, St
“ 4
Our curate Kate was 'priested' on 26th June, and then the next day, on our patronal festival, Lord Carey came to St eked ett Pee Sere ye ee ey dedicate the restored clock, Gino Ballantyne's oil painting of Christ on the cross and the re-ordered prayer chapel. This was followed by an exquisite tea party under clear skies with the Thorogoods at Hill House. ree cheatin CaP LEIY Ee ea ESR Tere tre With no major Christian festivals taking place (New Wine and Focus were either severely curtailed or cancelled) we decided to create our own festival - 'Focus at the Farm' camping at Stampwell Farm near Gerrards Cross over the SRE weekend 23-25 SS th July. 80 people camped and an extra SO joined us for the Sunday worship and BBQ lunch. It was WD rae Mate hy oe lee Be xt see ey Ree eae mea scsies ieee huge fun and we were blessed by some of the best speakers on the UK Christian circuit in Amy & Frog Orr-Ewing eS eee OD ave a Pats om enna! soei 2) or Sec 2 and Simon Ponsonby.
Ark re-started in July and gradually grew. Be ed le es Pe ri
Holiday Club took place 9-13th August and 100 kids joined an excellent week of Christian teaching and fun, the Ege ef Berng memati area yal TE, SRO U AC SOS EGS YAS ay “He smaller size enabling deeper relationships to form. bee eke oe ted Le Ca hoa The Bishop of Oxford visited BPC on his pilgrimage walk to our Deanery on 31' chy ors ote St 1 August and we celebrate the Lord's Arti Supper and a sandwich lunch before he headed off on the next leg of his walk. Lee Set hed Pree Piao, br tenets SS _—gd TEENaeilian Our 11am kids' groups re-started in September, and I think there was a collective sigh of relief to return to full-on = sermons and teaching. ee* felt natal icra Fo Ee A NR ETS
The staff team went away for a 2 day residential 13-lsth September at High Leigh, partly to do a reconnaissance for * anol chewy coerce Sy SPE. KET OT ORT, SIRs FOE pally: Gecemeem Severe Phage this year's parish weekend away and we were blessed with a facilitated morning of training so as to understand our th le ala gpa tes agile mer _—1) hel ntti pi eral character types so we can work better as a team. oeeeeoe
The big post-Covid event was the 'Big Church Day' on 2nd October. The day was well attended and we were blessed Th AE wore y Foot er Piso bb eae Pe. with inspirational teaching from Canon John Bavington (vicar of St John's Great Houghton) a delicious lunch AIG, followed by a Harvest supper and a barn dance. It was wonderful to be back together socialising. | Kesar eee Smeech, chef!bot ees ee = et co
The following day (Sunday) we held an evening service with baptisms and confirmations with Bishop Graham Dow aa ie aa officiating. It was an exhausting but uplifting weekend.
Messy Church restarted in October and I paid my first visit to Bradford on 2-3'd November to continue the Pera Soden Bote Pee eS ee ae re discernment process on whether we should establish a mission link with St John's Great Houghton. Se Se ees eT ee ee eed oe ot eesLe The new service timings trial (initiated in early 2020) had been extended due to Covid and a decision was made at Ze Ma" OT a TE er ee 2 Caer! PCC before Christmas that the trial timings should be made permanent in the New Year. The evidence was there israel wy eer Set emu (in terms of attendance figures) that this arrangement seemed to suit the majority best and so the 9am slot peat es See ed es ae. a, 3 ad became the home for the traditional congregation and 11am the home for the family service. A casualty of the SGIET SASSNewt “nee Bae rye e-em at ca mekaN:alla| rea“huatemmon ‘pk seme new timings and to an extent of Covid has been the 8am BCP service. This has been laid down due to falling i re, ees Spee ee ees Te eS Sater numbers and the early start of the 9am service. The congregation has been encouraged to attend St John the Seagate Evangelist Radclive which continues to offer BCP services. at 2 f ont ee ie Your Rector stood for election to General Synod and subsequently gained enough votes from the clergy in Oxford “ierigubacecnte- fhe os Eee eek. wag ae to be elected. Likewise, Jacob Wigley did very well to be elected as a lay representative. Dees See ee eg Ge ey ee
Remembrance Sunday took place on 14 SS ReLae th November under clear skies and was once again very well attended. re Le Weems ome eg a ge ery
The PCC held a Study Day on 4 "er th December and discussed how best to structure the leadership team to cater for eS PR EL ite wll ot poor future growth. Gertie oe Fear over the new Omicron variant was at fever-pitch in late November as we had yet to learn that whilst it was * PT Sl ete rehe more easily transmissible, it was far less serious than the Delta variant. I made my view clear that we should re al tie tere yt OR Sa I remain open for worship whatever and a recording of me sharing my thoughts went viral on Twitter and led to an ei ee a ne ee ee ca “Eaves interview on GB News. Our Christmas services all went ahead but understandably numbers were lower than hoped ee ew ewe Fp a Pee isk aes ne Se4 for.
5
And so a challenging year ended with us celebrating in person but with many watching on line. We came through the challenges remarkably well, thanks be to God!
Revd Will Pearson-Gee
Rector
6
BPC FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Tati te e ke rae,ee TREASURER'S REPORT Jksg scat
The accounts have been prepared under the 2011 Charities Act. The Central Board of Finance of the Church of SaTTKee th, ee ly SeyBee England has produced its own financial regulations and associated Guidance in response to the Act. These have vee: ea SVU been adopted by the PCC and followed in producing these accounts. Or ae Se a reySNSee WEYae Seeor geld p.dl Sa ort hrs The Guidance recommends the analysis and presentation of information under a standard set of headings, which Fy Soccer pee > Sew Fae oe cee ee et eo Peet can also be used for the annual financial return to the Diocese or the Central Board of Finance. These headings et ale es ies eae Oe m= have been used in these accounts. Funds are shown as unrestricted, designated or restricted. Designated means et epee Leen4.0 peer priest eee ee that the funds are allocated by the PCC from the General fund and Restricted means that the funds are normally Ao only available for purposes specified by the donor. The PCC has one general fund, five designated funds and six Ue SSE LESS SAS SS) SS eee gee pieceSah i restricted funds. Full details of these are in the Additional Notes on pages 28-29. ee ie ee a ee es
The total Incoming Resources from donors was £359,475 (up marginally from £354,800 in 2020). Other Income from Charitable Resources was £16,086, while Investment Income was £7,823. Activities directly related to Church Work (£366,244) has decreased from £379,670 in 2020 reflecting a fall in the getline running costs for the church during the Covid-19 lockdowns. alll
The Church's charitable giving was £31,106 (2020: £25,247) compared to an increased budget of £32,000 which is aanree now based on 10% of all actual income received in 2021. The Mission & Outreach team has been very ee= Zar =oeSe oanENN LUNE,ae cacoeAD emer“Sseneroee oe7 aa conscientious in making sure the whole "tithe" is spent within the year, but sometimes requests for items don't fit Basie te lige Pee AOS 2 a aa BS FSi Pear Ol aee in neat financial years. Our community hub at The Centre has grown from strength to strength, being occupied most of the time. The 2S original 2-year lease on the building has already been extended by Bucks County Council to 5 years. It is noted that ee = 4 Rig ate we RT io t= The Centre is totally self-sufficient financially and running at no cost to the church. At the end of 2021 The Centre's Fd bank balance stood at £32,484 (2020: £37,159). SOexpres,re slr Cay mage NEE mh oe a The auditors received £200 + VAT for carrying out the audit of the church accounts. This fee has been frozen for . Ree SS Fite te da ee ee ey ees ee several years and I would like to thank Hills and Burgess for their continued support in examining and approving se ge oe Dy OCMC ME exter MEIER Sclecatgae F man th these accounts. an I would like to especially thank Pam Fox for maintaining the church accounts all year round and Tracy Roskell for ee rt ee ol a Cs eee looking after The Centre accounts and Anne Exelby for banking the weekly collections and Daphne Browne and mir Lara Burt providing additional treasurer support. I would also like to thank Brian & Tracy Roskell for taking on the Ne pal Eoeeesb eeheaie ee eefy Sekee eea —s NSS Stewardship role in mid-2020, where they have managed to move the whole process online, via Churchsuite. TY Se ls EA he gees er Sea emennnt ep Ls
Harry Morten Low Baan Head of Finance ee
7
Independent Examiners Report
INDEPENDENT EXAMINERS' REPORT TO THE PCC OF ST PETER'S AND ST PAUL'S, BUCKINGHAM
This report or 1hE .;.ooaun!s of ih:
- Respective responsibilities of trustees and examlnor ,\s the memt;,:;rs of th8 PCC you ara r&S pons ibis for the preps.r&tion of i.he A=cc unl'il; y[.] :iu cong ide·
Basiir. Df independent. aicaminera' repo,t My expr ination was céried out in accordance with the General Directions given by tie Charity Cor mission under secllon 149(8)ib) of the Act and te be Found in the Chure1 Guidence. Trat examination includes a review of fhe acoounting records kept by the PCC and a cormpar-3on of Ite accounts with those records. {t also includes considenny any uwsual ‘lems or disulosures in the SCvoUNTS and seeking explanaluns fury you 2s trustees sancerning any such matters The orocedures undertaken do not provide al’ the evidence that would be requirec in an auc and cansequently we do not exp-ess an 2ucit opinion on the wew given by tha accaunss. lnd.,p&ndent EJxaminen;.' statement In panneton vat my examimanan, ro matter has Come to evy attention. [ 1[) ] ,, h i:h g:ves m: reasonable cause to believe t."1a1 in imy materi: espect the requirements - to kaep accountng racords in accordanca with sectiny 130 of tae Act; anc to prepare eooou nts which accord' wi1h the a ;nti ng ·ecords Dr'ld to comply· wtt1 the requirements ,:;fthe /let
he'Je- nol been met; 01
----- Start of picture text -----
(2,
----- End of picture text -----
on behalf of 13Apri! :1.022 Upton WIison Ltd 3 West Street Cc!rlified AooaL nta nts Leighton Buzzard Bedford shi ra LU71CA
8
BUCKINGHAM PARISH CHURCH STATEMENT OF FINANCIAL ACTIVITIES
For the Period 1 January 2021 to 31 December 2021
| Unrestricted Restricted | Unrestricted Restricted | Total | Prior Year | |
|---|---|---|---|---|
| Funds | Funds | funds | Total funds | |
| Donations and Legacies | £352,298 | £7,177 | £359,475 | £354,800 |
| Income from Charitable Activities | £16,086 | £16,086 | £16,949 | |
| Income from Investments | £7,787 | £36 | £7,823 | £7,921 |
| £376,171 | £7,213 | £383,384 | £379,670 | |
| Resources Used | ||||
| Activities Directly related to Church | ||||
| Work | £360,913 | £5,331 | £366,244 | £333,950 |
| Other Expenditure | £31,659 | £85 | £31,744 | £43,675 |
| £392,572 | £5,416 | £397,988 | £377,625 | |
| Net Incoming Resources Before Transfer | -£16,401 | £1,797 | -£14,604 | £2,045 |
| Gross Transfers In | £12,268 | -£12,268 | £0 | £15,298 |
| Gross Transfers out | -£1,500 | £1,500 | £0 | -£15,298 |
| Gains and Loss on Investments | £26 | £38,715 | £38,741 | £17,943 |
| Net Movements in Funds | -£5,607 | £29,744 | £24,137 | £19,988 |
| Total Funds B.f | £175,557 | £462,546 | £638,103 | £618,973 |
| Total Funds C. F | £169,950 | £492,290 | £662,240 | £638,961 |
9
BUCKINGHAM PARISH CHURCH
BALANCE SHEET DETAILED 2021
| As at | ||
|---|---|---|
| 31.12.2021 | As at 31.12.2020 | |
| FIXED ASSETS | ||
| Curates House | £150,000 | £150,000 |
| CURRENT ASSETS | ||
| Philip Box Charity | £1,382 | £1,260 |
| Harrison Bequest | £328,113 | £290,265 |
| Harrison Bequest Loan | -£22,500 | -£24,000 |
| CBF Investment Loan | £4,960 | £4,216 |
| £311,955 | £271,741 | |
| PCC Current Lloyds | £81,400 | £92,976 |
| CAF Accounts | £23,911 | £28,584 |
| CAF Gold Organ Fund | £3 | £3 |
| Petty Cash | £132 | £132 |
| Restoration Lloyds | ||
| Account | £9,155 | £5,895 |
| Asst Curate Current | £47,575 | £46,093 |
| Asst Curate Deposit | £282 | £282 |
| Asst Cu rate NS | £5,153 | £5,116 |
| CBF Philip Box | £1,046 | £1,010 |
| The Centre | £31,628 | £36,273 |
| £200,285 | £216,363 | |
| £512,240 | £488,104 | |
| Tota I Assets | £662,240 | £638,104 |
| Represented by | ||
| Unrestricted | £169,950 | £175,556 |
| Restricted | £492,290 | £462,547 |
| £662,240 | £638,103 |
10
| BUCKINGHAM PARISH CHURCH ri r 1 J FUNDANALYSISISTJANUARY2020to 31DECEMBER 2021 :_ . 1_J --➔ Donations and Legacies Income from Charitable Activies Income from Investments Income from Charity and AIKillary Trading Other Ordinary Incoming Resources TAL Unrest Restricted· House Box 1j , m,363 £3,ooo'£3,364 £813r , £359,4W£352,298 I£6,972 £16!+- _t £36" £ , £ ::!, T +- - J- - £Or £O fO £0 £0 £0 as ae ee SSee ee “INCOME [ev] a) cal i = = — et |
BUCKINGHAM PARISH CHURCH ri r 1 J FUNDANALYSISISTJANUARY2020to 31DECEMBER 2021 :_ . 1_J --➔ Donations and Legacies Income from Charitable Activies Income from Investments Income from Charity and AIKillary Trading Other Ordinary Incoming Resources TAL Unrest Restricted· House Box 1j , m,363 £3,ooo'£3,364 £813r , £359,4W£352,298 I£6,972 £16!+- _t £36" £ , £ ::!, T +- - J- - £Or £O fO £0 £0 £0 as ae ee SSee ee “INCOME [ev] a) cal i = = — et |
BUCKINGHAM PARISH CHURCH ri r 1 J FUNDANALYSISISTJANUARY2020to 31DECEMBER 2021 :_ . 1_J --➔ Donations and Legacies Income from Charitable Activies Income from Investments Income from Charity and AIKillary Trading Other Ordinary Incoming Resources TAL Unrest Restricted· House Box 1j , m,363 £3,ooo'£3,364 £813r , £359,4W£352,298 I£6,972 £16!+- _t £36" £ , £ ::!, T +- - J- - £Or £O fO £0 £0 £0 as ae ee SSee ee “INCOME [ev] a) cal i = = — et |
BUCKINGHAM PARISH CHURCH ri r 1 J FUNDANALYSISISTJANUARY2020to 31DECEMBER 2021 :_ . 1_J --➔ Donations and Legacies Income from Charitable Activies Income from Investments Income from Charity and AIKillary Trading Other Ordinary Incoming Resources TAL Unrest Restricted· House Box 1j , m,363 £3,ooo'£3,364 £813r , £359,4W£352,298 I£6,972 £16!+- _t £36" £ , £ ::!, T +- - J- - £Or £O fO £0 £0 £0 as ae ee SSee ee “INCOME [ev] a) cal i = = — et |
|---|---|---|---|
| TOTAL INCOME £343,791 £7,783 £6,000 £18,335 £261 £0 |
£3,000 | £3,364 £813 £0 £0 £36 £ |
£36 £383,381 £376,169 £7,213 |
| PAYMENTS | |||
| Activities Directly Relating to Church Work Other Expenditure Repairs to Building £330,079 £3,495 £19,077 £3,$38 £23,582 £348 |
£3,364 £2,052 |
£368,415 £362,999 £5,416 £3,538£3,538 £0 £23,S82£23,582 £0 |
|
| Fund Raising & Publicity | £0 £0 £0 |
||
| Church Mana1ement & Administration £2,453 |
£1,453 £2,453 £0 |
||
| TOTAL EXPENDITURE £333,617£5,947£23,582£29,077 £0 £348 |
£0 | £3,364 £2,052 £0 £0 £0 £3 |
£0 £397,987 £392,571 £5,416 |
| Excess of Income Over Expenditure Starting Balance B/F Assets Introduced Gains/Loss on Investments Transfer from restoration to projects Transfer to Harrison fund Transfer from special to Centre nd £10,174 £1,835-£17,$82 -£10,742 £261 £38,254£13,784£75,394 £37,159£10,633 £10,174 -£17,582 -£10,742 £261 £27 £0 £3,000 £0 ·£1,500 £0 £6,089 £3,179 -£500 -£348 £3,000 £0-£1,239 £0 £0 £333£24,090 £0£19,921 £266,265 £150,000 -£348 £3,00 £0-£1,239 £745 £37,849 -£3,00 £0 £1,500 -£6,089 ·£3,179 £500 £36 -£14,605 -£16,402 £1,797 £2,270 £638,103£175,557 £462,546 £36 -£14,605 -£16,402 £1,797 £121£38,742 £27£38,715 £0 £3,00 -£3,000 £0·£1,500 £1,500 £0£6,089-£6,089 £3,179-£3,179 rn' £0 =— = 5}Sal —<a eee = Ziel its= |
) £1 i |
a a SSSS (i |
|
| Closing Balance c/f £51,107£14,146 £60,812 £32,S(Xi £10,894 £485 £!,SOO has been transferred from the curates fund to the Harrison Bequest to repay the capital borrowed from this Fund for the Open Door Project £3,000 has been transferred from the Restoration to the Projects for a grant received for the Clock Repair £6,089 was transferred from the special fund to donations received for the Cenre |
£485£24,835 OO has been transferred from the curates fund to the Harrison Bequest to repay the capital borrowed from this Fund for the Open Door Project |
£0£9,414 £305,614 £150,00 £2,427 £662,240 £169,9 OO has been transferred from the curates fund to the Harrison Bequest to repay the capital borrowed from this Fund for the Open Door Project |
£2,427 £662,240 £169,950 £492,290 £662,240 £169,950 £492,290 0 |
£6,089 was transferred from the special fund to donations received for the Cenre
£3,179 was transferred from the spe_3ial fund to the general for expenditure made in that fund £500 has been transferred from the General fund to the Rectors Discretionary Fund
11
BUCKINGHAM PARISH CHURCH
ADDITIONAL NOTES
Staff
The PCC employed, a Contemporary Worship Leader, an Organist & Assistant Organist, Pastoral Care Worker, Children's Worker, Youth Worker, Parish Manager, Office Administrator, the Rector's PA, Minister Trainee, Cleaner and a Caretaker for The Centre.
Fixed Assets
The PCC owns the house in Chandos Close (known as the Curate's House) which remains in the accounts at a value of £150,000. It has not been re-valued in the accounts this year however, the insurance on this house is based on a more realistic figure.
Trust Funds
Gains on investments recorded relate to variations in share prices of investments held by the Central Board of Finance (CBF).
Philip Box Organist Charity
Is a trust whose Custodian is the Oxford Diocesan Board of Finance. This trust was established to provide income to or for the benefit of the organist of the Parish Church of Buckingham.
The Capital is not available to the PCC and the interest has been reinvested in a CBF Deposit Account. The fund consists of a deposit and an investment fund. The value of the fund is £2,427 (2020: £2,270)
The Harrison Bequest
Is a Trust fund held by the Oxford Diocesan Board of Trustees for the provision of a curate. The income from the trust can be used 'for providing the stipend of a curate in the parish and subject thereto for any ecclesiastical purpose in the parish as the PCC shall decide'.
The capital is not expendable by the PCC but the interest is paid into the Assistant Curate's Fund. The Charity Commissioners and the Diocese agreed in 2001 that the sum of £50,000 could be advanced from the capital of this fund to the Open Door (Redevelopment) Project, subject to the recoupment of £1,500 annually until 2036 from the interest of the residual capital of the fund, to be reinvested as a permanent endowment of the charity (as above).
At the year end the amount to be recouped stood at £25,500 and the investment is valued in the accounts at £305,614 (2020: £266,265). During the year the trust fund made a gain of £37,849 (2020: £17,204).
DETAILS OF FUNDS HELD BY THE PCC
General Fund
The General Fund is where our everyday income and expenditure goes through and represents the "current account" for the church. The closing balance on the fund stands at £51,107 (2020: £38,254).
12
BUCKINGHAM PARISH CHURCH ADDITIONAL NOTES (continued)
Designated Funds
Curates Fund
This fund is for the maintenance and repair of the Curates House and also provides funds for the curate's expenses. At the end of the year the fund stood at £14,146 (2020: £13,784).
Projects Fund
This fund was set up to provide a specific fund for PCC Projects. Legacy money of £6,000 was added in 2021. During the year £23,582 has been used by projects designated by the PCC. At the end of the year the fund stood at £60,812 (2020: £75,394)
The Centre
This fund was set up to hold funds for the ongoing missionary work in The Centre, which is currently running a surplus. The fund stands at £32,506 (2020: £37,159).
Restoration
This part of the restoration fund is unrestricted. The fund stands at £10,894 (2020: £10,633).
Rector's Discretionary
This fund has received specific donations from members of the congregation which the rector has used to help members of the parish at his discretion.
Restricted Funds
Restoration Restricted
The Restoration fund stood at £24,835 (2019: £24,090).
Funeral
This fund is used to collect money where the families have specifically requested donations for charities of their choice. These are held by the PCC and then paid out as requested.
Special
This fund is used for special collections, like the Christingle, Christian Aid, Bishops Outreach etc where the money is then distributed to the relevant charities. It is also used where money has been donated for specific causes, for example money donated for the food bank and paid out for this purpose and money for Kit Kat which holds regular events for vulnerable young children and money donated for the Kitchen. The balances amounted to £9,414 (2020: £19,921).
13