Annual Report & Financial Statements
of the Parochial Church Council for 2022
presented to the Annual Parochial Church Meeting on 30 April 2023
Table of Contents
Charity Information ........................................................................................................................................... 3 Rector’s Report for the 2023 APCM Covering 2022 .............................................................................................. 4 Financial Statements for the Year Ended 31 December 2022 ............................................................................... 9 Independent Examiner’s Report ....................................................................................................................... 10 Statement of Financial Activities ...................................................................................................................... 11 Balance Sheet .................................................................................................................................................. 12 Fund Analysis .................................................................................................................................................. 13 Additional Notes .............................................................................................................................................. 14
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St Peter & St Paul Parish Church, Buckingham Castle Street, Buckingham MK18 1BS
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 1FX 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 1NP Auditor: Upton Wilson Ltd 3 West Street, Leighton Buzzard, LU7 1DA
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Rector’s Report for the 2023 APCM Covering 2022
2022 was a very productive and fruitful year. Leaving the pandemic firmly in the rear-view mirror we built upon the momentum that we had gained by keep all our services in full swing despite the challenges. Throughout the year we saw all three main services grow steadily as new people joined and confidence grew. Our church is now one of the largest in the Diocese and this is testament to everyone’s faithfulness, spirit and energy. A consequence of this growth has been that our finances have held up well allowing us to further invest in staff appointments and ministries.
The year started well with a Marriage Course being run by Brian and Tracy Roskell and also an Alpha course being led by our placement student and ordinand Andrew Walmsley. February saw me leading an annual 2-week evangelistic ministry in Switzerland and then returning in time for General Synod. With several contentious issues before Synod, a significant amount of my time was spent dealing with Synod business. We ran a Living in Love and Faith course at The Centre and around 15 people attended this with mixed reactions.
Russia invaded Ukraine on 24[th] February, and as the conflict progressed became heavily involved in collecting clothing for refugees.
A CAP ‘Life Skills’ course was started run by Brian and Ann Hubbard down at The Centre.
In March we held a ‘Prayer for Ukraine’ event on Ash Wednesday, started a series of Lent lunches, held a staff away day at High Leigh (which doubled as a recce for the weekend away) and did a spring clean of the church.
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Our Easter services were well attended and signalled that attendance figures were on the rise.
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Baptising Jayden King at the 6pm Easter Alive service.
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As the Queen grew more and more frail it was a relief to celebrate her platinum jubilee on 2nd June. As part of a nationwide chain of beacon-lighting events we lit a beacon on the church roof and invited the community to celebrate with free drinks. It was a great success.
We celebrated the Jubilee at The Tuesday Community Lunch
In July our new Curate – Revd Ope Alileye - was ordained deacon and joined the BPC team.
One of our very precious home-grown staff members – Jayde Crouch – got married in the summer and left us for pastures new. She was replaced by Abi Graham, our youth worker’s wife. We appointed a new Families’ Pastor – Sarah Harrison Potts – who did a magnificent job running a scaled-back Holiday Club that we called a Family Fun Fest. Sarah oversaw the transition of Olly Holland’s ‘Hot Dog Wednesday’ ministry from The Centre into church where it absorbed Messy Church. ‘Energise’ (as the new ministry is called) became a well-established part of our outreach offering.
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In July a small group headed off to HTB Focus, now located at the Newark Showground, but I caught covid for the first time and spent the entire event in my tent. I did a tandem freefall parachute jump in August in order to raise funds for a new church minibus and many responded very generously. Olly Holland left us in August after 2 very productive years on the staff team running the men’s ministry and Outreach.
Holiday Club ran (as mentioned above) in a very different guise appealing to people more as a festival. It required far fewer team to run and opportunities to get to know parents were vastly improved as parents had to stay with their children. This advantage came at the cost of less time teaching the children in small groups.
The planning for the parish weekend away at High Leigh Conference Centre occupied a lot of time and we were readying ourselves to depart when our Head of Discipleship, Revd Michael Grei g died after a battle with pancreatic cancer. His death was followed shortly afterwards by HM The Queen’s death. We had planned for Operation London Bridge and within 2 hours of the news breaking we had set up the side chapel with a book of condolence that was signed by hundreds of the community. The church was kept open for extended hours to allow people to pay their respects to Her Majesty.
It was therefore with heavy hearts that we set off for Hoddesdon on 9[th] September. The High Leigh Conference Centre had been booked three year’s previously for full occupancy meaning that we needed to take a significant number of people to cover our costs. It was a big risk but in the end we were blessed with almost 200 people attending. We enjoyed great weather in the excellent venue under the teaching of Canon John Bavington the Rector of St John’s, Great Horton, Bradford.
Canon John Bavington
A team from Bradford came to help us run some of the children’s groups which included three of the youth team who also helped in the band. Apart from the excellent teaching and worship, there were many highlights but the quiz and karaoke on the Saturday night were the most talked about. We were joined by a small group from the wider Deanery and they fitted in seamlessly and had a great time. It was a greater success than we could have imagined and everyone agreed that we should repeat it biannually.
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Our Parish Weekend Attendees
Remembrance Sunday was blessed with good weather and even more people attending.
Revd Dr Ian Paul ca me to speak to the church on issues of human sexuality and also the Book of Revelation and many were deeply encouraged by his very engaging talks.
Our Christmas services ran as usual with good attendance at Contemporary Carols, Nine Lessons and Carols, the two Christingle services, Midnight Communion and the Christmas morning service.
The Contemporary Carol Service
Finally Sarah Harrison Potts organised a successful New Year’s Eve party that was enjoyed by a large group in church.
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New Year’s Eve Party
It was a year of many blessings but with two notable losses: Bob Legrove and Michael Greig whose losses we grieve.
Revd Will Pearson-Gee
Rector
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ST PETER AND ST PAUL’S CHURCH, BUCKINGHAM
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
TREASURER’S REPORT
The accounts have been prepared under the 2011 Charities Act. The Central Board of Finance of the Church of England has produced its own financial regulations and associated Guidance in response to the Act. These have been adopted by the PCC and followed in producing these accounts.
The Guidance recommends the analysis and presentation of information under a standard set of headings, which can also be used for the annual financial return to the Diocese or the Central Board of Finance. These headings have been used in these accounts. Funds are shown as unrestricted, designated or restricted. Designated means that the funds are allocated by the PCC from the General fund; and Restricted means that the funds are normally only available for purposes specified by the donor. The PCC has one General Fund, seven designated funds and six restricted funds. Full details of these are in the Additional Notes on pages 29-30.
The total Incoming Resources from Donors was £482,010 (up 34% from £359,475 in 2021). Other Income from Charitable Resources was £21,655, while Investment Income was £8,387.
Expenditure on Activities directly related to Church Work (£440,699) has increased from £366,244 in 2021 reflecting a rise in the running costs for the church since the Covid-19 lockdowns.
The Church’s charitable giving was £33,662 (2021: £31,106) which is now based on 10% of all budgeted income received in 2022. The Mission & Outreach team has been very conscientious in making sure the whole “tithe” is spent within the year, but sometimes requests for items don’t fit in neat financial years.
Our community hub at The Centre has grown from strength to strength, being occupied most of the time. The original 2-year lease on the building has already been extended by Bucks County Council to 5 years. It is noted that The Centre is totally self-sufficient financially and running at no cost to the church. At the end of 2022 The Centre’s bank balance stood at £14,637 (2021: £32,507).
The auditors received £250 + VAT for carrying out the audit of the church accounts. This fee is very modest and I would like to thank Upton Wilson Ltd for their continued support in examining and approving these accounts.
I would like to especially thank Pam Fox for maintaining the church accounts for so long and now to Tracy Roskell for taking on the role of Treasurer, in addition to looking after The Centre accounts. Thanks too to Anne Exelby for banking the weekly collections and Daphne Browne and Lara Burt providing additional treasurer support. I would also like to thank Brian & Tracy Roskell for their work in the Stewardship role, moving the whole process online, via ChurchSuite.
Harry Morten Head of Finance
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Independent Examinerfs Report INDEPENDENT EXAMINER'S REPORT TO THE PCC OF ST PETER'S AND ST PAUL'S, BUCKINGHAM Thts report on the axounts of the PCC for the ye ended 31 December 2022 ks In respect ol an examination carrkd out in 3ccrdan¢e Ihe chh Accounting RegLatiOnS 2(Th (the Regulations) and seCtn 145 of the Chanlios kt 2011 Ith8 A¢t). R•spectlve responslbllltles of truste•s and •xanlner As the members of the PCC you are resp)nsle for the weparatkn ol ihe Ace£unts" you conslder that the 8LKlil requirement ol the Regulations and section 14412) of the Aci do r)t ap. bt 15 my responsibilrty to issue this rewt on th08e acwjnts In a¢xordanc with the tems of RegUlaD¥. Bas18 of Ind•p•nd•nt onIn•$ r•port My examination Nvas out in accordance with the General Dir&ts"ons gryen by the Charty Commissn under $e¢tion 145(5Xb) of the Act gnd lo be four In the Church Guidance. That 6xamlnation indud6s a reviow of tho aCCnting records kept by Its PCC an(1 a compaiison of the accoun15 with thcAe records. 11 also indudes Considering any unusual items or disdosLrnS kn the accounts and seeking expbanation5 frorn you as trustees cOerning any such matters, The procedures undertaken do not pde all the evklenca that vwid be requifed In an audrl. arrtl ConseqUty I do not express an Jd11 opinK)n on the view given by the acKounts. Independent èxamlner's st•m•nt In confdIan bmth my examination, no matter has come to my attenlh)n: (1) ich grrfe5 me reasonable cause to believe thal In any matertai respect the rwu¥oments to keep accounllng records in Cordanc? wilh sodion 130 of ACL aTr to prepare accounls whlch accc¢d with the aCcntirJ records and lo comply wlth the rrfulreMts of the Act have b1 been met," or {2) to which. in rny opinion. attention shoukl be drawn in orrlw to enabk 8 proper urthstanding of accounts to be r8a¢W. Steph•n J Wll• Upton Wil$ Ltd 20th l¥larth 2023 3 West Street LeahtOn Buzzard BeOforOshire LU7 1DA io
Buckingham Parish Church
Statement of Financial Activities
For the period from 01 January 2022 to 31 December 2022
| Unrestricted | Restricted | Total | Prior year | |
|---|---|---|---|---|
| funds | funds | funds | total funds | |
| Income from: | ||||
| Donations and legacies | 411,309 | 70,701 | 482,010 | 359,475 |
| Income from charitable activities | 21,655 | - | 21,655 | 16,086 |
| Investments | 8,336 | 50 | 8,387 | 7,823 |
| Total income | 441,300 | 70,751 | 512,052 | 383,384 |
| Expenditure on: | ||||
| Activities Directly related to Church Work | 403,263 | 37,436 | 440,699 | 366,244 |
| Other expenditure | 11,889 | 254 | 12,143 | 31,744 |
| Total expenditure | 415,152 | 37,690 | 452,842 | 397,988 |
| Net income / (expenditure) resources before transfer | 26,149 | 33,062 | 59,210 | -14,604 |
| Transfers: | ||||
| Gross transfers between funds - in | 19,528 | 3,702 | 23,230 | 18,947 |
| Gross transfers between funds - out | -23,230 | - | -23,230 | -18,947 |
| Gains/losses on investment assets | -15,272 | -15,272 | 38,741 | |
| Net movement in funds | 22,446 | 21,492 | 43,939 | 24,137 |
| Reconciliation of funds | ||||
| Total funds brought forward | 169,951 | 492,290 | 662,241 | 638,104 |
| Total funds carried forward | 192,397 | 513,783 | 706,180 | 662,241 |
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Balance Sheet detailed
| As at 31/12/2022 |
As at 31/12/2021 |
||
|---|---|---|---|
| Fixed assets 6401: Curates House Total Fixed assets Current assets 6402: Philip Box CBF 6403: Harrison Bequest 6404: Harrison Loan 6405: CBF Investment 6406: Philip Box Charity 6501: PCC Current Lloyds 6502: CAF Current 6503: Caf Gold 6504: Caf Gold Organ Fund 6505: Lloyds Restoration Account 6506: Assistant Curates Current 6507: Assistant Curates Deposit 6509: Centre 6510: Assistant Curate NS 6590: Cash in hand Z05: Accounts Receivable Total Current assets Liabilities 6601: Loans received Z04: Accounts Payable Total Liabilities Net Asset surplus (deficit) Reserves Excess/(deficit) to date Z01: Starting balances Z02: Gains/(losses) on investment assets Total Reserves Represented by Funds General(Unrestricted) Designated Restricted Total |
150,000 150,000 1,219 313,462 -21,000 4,503 1,096 75,228 2,080 69,477 3 9,155 6,051 40,293 55,816 5,158 132 1,211 563,884 - 7,704 7,704 706,180 59,210 662,241 -15,272 706,180 |
150,000 150,000 1,382 328,113 -22,500 4,960 1,046 81,400 -3,087 26,998 3 9,155 47,576 282 31,628 5,153 132 - 512,241 - - - 662,241 -14,604 638,104 38,741 662,241 |
|
| General(Unrestricted) | 55,078 | 51,108 | |
| Designated | 137,319 | 118,843 | |
| Restricted | 513,783 | 492,290 | |
| Total | 706,180 | 662,241 |
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Fund Analysis D••WSIKI D•¥gn•t•O O••lqWW O••lW•tgO G•ri prop¢ts C•Thtr• FlIbInk Jth¢hoi RKIDr Legacs 372.150 10.gJ9 219 6.166 32.163 10.746 omor offjna Ir0 48 16.912 32.1 Attrrffde6 Direay Ompr Exwdliulè 15 8ubJing FWO R*$ing i Chuth M
77.335 2.023 15.254 f4.129 eri & 15254 3>70 aw¢e [[40 51.108 3.970 t4,146 60.011 J2.5D7 1.658 ID.893 790 18.034 G¥IL0&s InVQ6 Trer10 H31rw Fuha Tfa%f•rfmmComrtbPoDJbx Fd 19.S28 19.$2 55.•71 iU7q 14.U7 37A Rmloratton Pmwp TOT4L CJnws Logxiès 61JaS 411.110 11.700 41tsA79 11. 70.701 c
91 513.784 13
BUCKINGHAM PARISH CHURCH
Additional Notes
Staff
The PCC employed, a Contemporary Worship Leader, an Organist & Assistant Organist, Pastoral Care Worker, Children’s Worker, Families 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 £2,315 (2021: £2,427)
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 £21,000 and the investment is valued in the accounts at £292,462 (2021: £305,614). During the year the trust fund made a loss of £14,651 (2021: £37,849).
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 £55,078 (2021: £51,107).
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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 £12,870 (2021: £14,146).
Projects Fund
This fund was set up to provide a specific fund for PCC Projects. No legacy money was added in 2022. During the year £1,010 has been used by projects designated by the PCC. At the end of the year the fund stood at £59,801 (2021: £60,812)
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 made a transfer into a new fund for the Food Bank of £19,528. The fund stands at £14,637 (2021: £32,506).
Food Bank
This fund was set up to hold funds for the ongoing missionary work at the Food Bank, based in the Centre. The fund stands at £37,562 (2021: £0).
Anchor Community
This fund was set up to hold funds for the older & lonely in our community. The fund stands at £480 (2021: £0).
Restoration
This part of the restoration fund is unrestricted. The fund stands at £11,684 (2021: £10,894).
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 £24,378 (2021: £24,835).
Funeral
This fund is used to collect money from funerals where the families have specifically requested donations for charities of their choice. These are held by the PCC and then paid out as requested. The fund had a closing balance of £0, as we hold money for charities [prior to transferring monies to the charities.]
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 kitchen, boiler and mini-bus. The balances amounted to £44,628 (2021: £9,414).
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