## **Buckingham Parish Church** # **Annual Report & Financial Statements of the Parochial Church Council for 2023** Presented to the Annual Parochial Church Meeting on Sunday 28[th] April 2024 at 10.30am ## **Contents** **Charity Information ........................................................................................................................................ 3 Rector’s Report for the 2024 APCM Covering 2023 .......................................................................................... 4 Financial Statements for the Year Ended 31 December 2023: Harry Morten ................................................... 11 Balance Sheet as of 31 December 2023 ......................................................................................................... 14 Notes to the Financial Statements ................................................................................................................ 15** 2 ## 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 Gerry Causer 99 Burleigh Piece, Buckingham, MK18 7BT Mrs Glynnis Eastwood 2 Wren Close, Buckingham, MK18 7HA Banks: CAF Bank Ltd 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ Lloyds TSB Bank 30 Market Square, Brackley NN137BA Auditor: Upton Wilson Ltd 3 West Street, Leighton Buzzard, LU7 1DA 3 ## **Rector’s Report for the 2024 APCM Covering 2023** 2023 was the year we exceeded our pre-pandemic attendance. Let’s pause for a moment on this: The average church attendance at the end of 2023 in this Diocese as a percentage of pre-pandemic attendance was only 80%. But we regrew beyond our 2019 attendance. This is cause for much thanksgiving and so we can see that 2023 was another good year. If I had to single out the biggest encouragement it would have to be how we found an unexpected opportunity to come close to some asylum seekers, who ended up meaning a great deal to us. As in many towns and cities around the UK, a local hotel was designated accommodation for about 150 asylum seekers. We suddenly saw numbers of men, predominately Iranian, start to come to the fairly formal 9am Communion Service. Our church was wonderful at reaching out in a multitude of ways. For example, by: providing much needed clothing and other items, befriending individuals and running Alpha Courses in Farsi. 30 of the Iranians were baptised and several were confirmed. We had our horizons greatly widened as we got to know a number deeply and were able to share hospitality with them and to get a glimpse of their back stories. These were so painful. Typically, they had become Christians while in Iran, leading to persecution, the threat of imprisonment, even execution, and sometimes cut-off by their wider families. Their faith was humbling. Personally, I had a busy year with three meetings of General Synod to attend (February, July and November) and I made my maiden speech at the November meeting. I spoke at three parish weekends away (for the Armed Forces Christian Union, St John’s Great Houghton and St John’s Southend). I was blessed with another two-week stint doing a skiing chaplaincy in Switzerland, something which I hope to repeat. I also attended the Global Anglican Fellowship Conference in Kigali, Rwanda in April, which was a huge encouragement and one local church I visited has since received some much-needed funding from our tithe. In February Sarah Harrison Potts stepped back from her role as Families Pastor and others stepped up to fill the gap. On 18[th] February the PCC met for a study day to look at issues of sexual ethics knowing how much time was being spent discussing these matters at General ee ee Le Se) 1 vg? ae ‘ Synod. . Reg >, > im yee € rf - | ae On 27[th] February we helped to organise another very successful Easter Cracked with Churches Together in Buckingham. Our curate Kate Pellereau left us for adoption leave in March and would not return but take up a new post in January 2024. We were blessed with wonderful weather in Holy Week and the Service of Witness outside the Old Gaol was very well attended. _Paul Burgess carries the Cross towards the Old Gaol Good Friday Service of Witness._ Easter was a great success with many new faces attending our services. Abi Graham departed on Maternity Leave and Lucia Pearson-Gee was appointed as her Maternity Cover as well as taking on some of the Families Pastor portfolio. Andrew Walmsley left us after a very fruitful 2 years on student placement and was ordained in July to serve his curacy in Princes Risborough. 4 The APCM took place on 30[th ] April where we thanked Pam Fox for many year’s of service as our treasurer. The King’s Coronation took place on 6[th] May and the day after we held a Civic Service for HM The King on 7[th] May which Ope led well. On 20[th] May we held a very successful Christian Aid lunch at The Centre which was well attended. Ope was priested the day before our Patronal and presided that Sunday. _30[th] June Ope was priested and here he is presiding at our Patronal Festival service the following day._ We had hoped to hold another ‘Focus at the Farm’ Church Camping Weekend 14/15[th] July but with horrendous weather forecast we cancelled. This proved to be a good decision. Four families attended HTB Focus 27[th] – 30[th] July and it is hoped to build on this in 2024. Holiday Club took place 21-27[th] August and followed the new format of being more of a fun festival. It was well attended, and the churches worked well together. With the summer holidays over, it was an honour to marry our very own Jacob Wigley to Hannah on 2[nd] September in a profoundly moving service. Our former curate Revd Danny Rogers returned to preach. _Hannah and Jacob making their vows._ 5 I was honoured to be awarded an Honorary Doctorate by our University on 9[th] September. On 16[th] September we held a Harvest Party and for the first time used an MK curry house as our caterers. The food and the quiz were great successes and as an event it wasn’t too demanding to run. _The quiz at the Harvest Party_ On 9[th] October we held a dinner for all our Connect Group leaders to thank them, enthuse them and provide a bit of training. It was wonderful to see so many attending and enjoying fellowship. On 1[st] November a new ministry that emerged from ‘Energise’ (called Lighthouse) started. It was a weekly afterschool messy church event. It was high-octane but the families loved it. Remembrance Sunday on 12[th] November was again very well attended and it is always a welcome surprise that numbers just seem to keep increasing. A Bereavement Course ran in the Autumn term which was over-subscribed and well received. Two Alpha courses were also run which bore much fruit. Prayer and Praise ran on every first Monday of the month and attracts a steady group of saints who take prayer seriously. We wish more came. Discipleship Mornings were run on 11[th] March; 1[st] April, 13[th] May; 10[th] June; 24[th] June. The Saturday morning format has proved popular and we hope to continue them next year. 6 On 25[th] November Bishop Tim Wambunya came to confirm our candidates at the 9am service. _Confirmation Candidates with Bishop Tim Wambunya_ Our Community Lunches continued to provide much needed socialising throughout the year with our new minibus proving invaluable. _The Community Lunch Christmas Lunch with Tina Mitchell conducting a band._ Our Christmas services ran as usual with good attendance at 6pm Contemporary Carols, the Crib Service, our traditional Nine Lessons and Carols, the two Christingle services, Midnight Communion and the Christmas morning family service followed by Holy Communion. 7 _The colourful 6pm Contemporary Carols team_ _Our Youth Worker Sam Graham with Divya Jacobs (now our Operations Manager!) with a baby Elijah Djontu as Jesus at our Crib Service._ 8 _Part of the cast at the Christingle Service_ 9 Finally, Andrew Gibson and Sarah Harrison Potts organised another successful New Year’s Eve party that was enjoyed by a large group in church. _New Year’s Eve Party_ **Revd Will Pearson-Gee** Rector 10 ## **Financial Statements for the Year Ended 31 December 2023: Harry Morten** 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 starting from page 35. The total Incoming Resources from Donors was £388,078 (down 19% from £482,010 in 2022). Other Income from Charitable Resources was £25,338, while Investment Income was £10,582 and Other Income was £805. Expenditure on Activities directly related to Church Work (£427,871) has decreased from £440,699 in 2022 due to the high costs incurred in 2022 for a replacement boiler. The Church’s charitable giving was £37,621 (2022: £33,662) which is based on 10% of all budgeted income received in 2023. The Mission & Outreach team has been very conscientious in making sure the whole “tithe” is spent within the year. 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 was 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 2023 The Centre’s bank balance stood at £11,630 (2022: £14,637). The auditors received £250 + VAT for carrying out the independent examination 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 especially like to thank Tracy Roskell for taking on the role of Treasurer, in addition to looking after The Centre accounts. This is the first full year completed under Tracy’s guidance and we are in extremely capable hands, which this year have included a revamping of the way our accounts are presented (due to our church growth). Thanks also to 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. 11 INDEPENDENT EXAMINER'S REPORT TO THE PCC OF ST PETER'S AND ST PAUL'S, BUCKINGHAM This report on the eccounls of thè PCC for the year ended 31 December 2023 Is In respect of an examinatlon carried out in aG¢ordance wllh the Church Accounllng Regulallons 2006 (the Re9￿allons) and section 145 of the Charlties Act 2011 (the AGt)- Ro8P¢¢tIvo re8ponslbllltles of tru$tg8s and •xamlnor As th8 members of the PCC you are responslble for the preparatlon of the Accounts,. con81der that the audlt requlromenl of the Regulatlons and sectlon 144{2) of Act do not apply. It Is my re8ponsibility10 Issue Ihls report on those accounts In 8ccordanck Ihe term8 of RegUla￿OnS. Ba818 of Indep•ndont oxamln•rf8 r•port My examlnalion was ¢affled out In ac￿rdanCe wSlh the General Direciwjns given by Ihe Charity Commlssion under secllon 145{5)Ibl of the Act and to be found in the Church Guldan¢e. That examinalion Includes a review of the accounllng records kept by the PCC and a comparison of the accounts wlth those records. 11 also Includes considerfng any unusual Items or disclosures In tho accounts and seeklng explanatlons from you as trusl66s concerning any su¢h matters. Th8 procedure8 undertaken do not provide all Ihe evidence that would be requi￿ In an audrt, and consequently I do not express an audit oplnlon on the vlew glven by the accwnts. Indopondont oxamln•V8 $tat•m•nt In connection with my &xamlnatton. no matter has come to my attentS0n: (1) which glves me reasonable cau88 to believe that in any matérial respect the requirements to keep accounting r8¢ords In accordance wlth section 130 of the AGI" and to prepare accoun15 whlch accord wlth the accounting records and to COm￿Y with the requirements of the Act have not been meL or (2) to which. in my opinion. attention should be dravm in order to ￿ab]e a proper understanding of the accounts lo be reached. Stephen J Wllson Upton Wilson Ltd 26th Febwary 2024 Chartered Certrfled Accountants 3 West Street Leighton Buzzard Bedfordshire LU71DA 12 ## **Buckingham Parish Church** ## **Statement of Financial Activities** ## **For the period from 01 January 2023 to 31 December 2023** |||**Unrestricted**|**Restricted**|**Total**|**Prior year**| |---|---|---|---|---|---| |||**funds**|**funds**|**funds**|**total funds**| ||Note|**£**|**£**|**£**|**£**| |**Income**|||||| |Donations and legacies|3a|365,810|22,268|388,078|482,010| |Income from charitable activities|3b|25,338|-|25,338|21,655| |Income from Investments|3c|10,510|72|10,582|8,387| |Other income|3d|805|-|805|-| |**Total income**||**402,462**|**22,340**|**424,802**|512,052| |**Expenditure**|||||| |Expenditure on charitable activities|4a|391,218|36,653|427,871|440,699| |Other expenditure
**Total expenditure**|4b|14,681
**405,900**|6,520
**43,173**|21,201
**449,073**|12,143
452,842| |**Net income / (expenditure)**||**-3,438**|**-20,833**|**-24,271**|59,210| |**Transfers:**|||||| |Gross transfers between funds - in||15,170|3,734|18,903|23,230| |Gross transfers between funds - out||-10,707|-8,197|-18,903|-23,230| |Gains/losses on investment assets||-|24,816|24,816|-15,272| |**Net movement in funds**||**1,025**|**-480**|**545**|43,939| |**Total funds brought forward**||**192,397**|**513,783**|**706,180**|662,241| |**Total funds carried forward**||**193,422**|**513,303**|**706,725**|706,180| 13 Balance Sheet as of 31 December 2023 Buckln8hèm Parlsh Church Balance Sheet asat 31 December 2023 2023 2022 Note Flxed assets Land and buildin8S Iso,000 150,000 150.000 150,000 Current asset$ Debtors Inve5tFnents Cash At Bank And In Hand 1.155 325,668 234,IS5 560,978 1,211 299.280 263.393 563,884 Creditors: Amounts Fallln8 Due Iii Oneyear 4,253 4.253 7.704 7,704 Net current assets 556,725 556,180 Total assets less current liabilities 706,725 706.180 Funds Unrestrlcted General Designated 49,201 144,221 193,422 513,303 55.078 137.319 192,397 513,783 Restrlcted Fund Totals 706,725 706.180 Approved by the Parochial Church Council on 12th Marth 2024 and signed on its behalf by= MrsTracy Roskell (freasurerl Mr Gerry Causer (Church Wardenl Mrs Glynnis E35twood (Church Warden) 14 ## **Notes to the Financial Statements** ## **For the Year ended 31 December 2023** ## **1. Basis of preparation** ## **Basis of accounting** The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The Charity’s functional and presentation currency is pounds sterling, and the accounts are rounded to the nearest whole pound. The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The PCC is a public benefit entity as defined by FRS 102. ## **Going concern** The accounts have been prepared on a going concern basis and the PCC are happy that sufficient funds are held in both Undesignated and Designated Funds to ensure that the charity is able to continue to operate as a going concern. ## **Change of accounting policy** The accounts present a true and fair view and no changes have been made to the accounting policies adopted in these notes. ## **2. Accounting Policies** ## **Income** ## **Funds** Unrestricted funds consist of a General Fund which the PCC may use, for the furtherance of the objects of the PCC, at its discretion. Designated funds are unrestricted funds which have been allocated for future expenditure for a specific purpose by the PCC. Restricted funds are subject to specific conditions imposed by the donors or by terms of an appeal, these conditions being legally binding upon the PCC. The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. ## **Recognition of Income** Donations are recognised when received by or on behalf of the PCC. There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by FRS 102. Grants and Legacies are accounted for when the PCC is notified of its legal entitlement and the amount due is quantifiable and its ultimate receipt by the PCC is probable. ## **Tax reclaims on donations and gifts** Gift Aid receivable is included in income where there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. 15 ## **Notes to the Financial Statements (Continued)** ## **Volunteer help** The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. ## **Other trading activities** Rental income from the hiring of PCC premises is recognised when the rental is due. Income for events and fees for services is accounted for on an accrual’s basis. ## **Income from interest and dividends** Dividends and interest are accounted for when receivable. ## **Investment gains and losses** This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. ## **Expenditure and Liabilities** ## **Expenditure** Expenditure is accounted for on an accrual’s basis. The Diocesan Parish Share contribution is accounted for when paid. All other expenditure is generally recognised when it is incurred. The charity measures creditors at settlement amounts. ## **Provisions for liabilities** A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date. ## **Pension costs** The charity makes defined contribution pension payments for eligible employees. Once the contributions have been paid, the charity has no further obligations. The contributions are recognised as an expense in the period. The charity participates in the Pension Builder 2014 Scheme of the Church Workers Pension Fund (CWPF). The CWPF is administered by the Church of England Pensions Board, which holds the assets of the scheme separately from those of the Employer. The scheme is a mix between a defined contribution and a defined benefit pension scheme. Its technical definition is a ‘cash balance’ pension scheme. There is no sub-division of assets between employers in each section of the Pension Builder Scheme. The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS102. This means it is not possible to attribute the Scheme’s assets and liabilities to specific employers and that contributions are accounted for as if the Scheme were a defined contribution scheme. The pension costs are charged to the SoFA in the year contributions are payable. ## **Irrecoverable VAT** In common with similar organisations, the charity is not able to reclaim most of the VAT it incurs. Irrecoverable VAT is treated as expenditure in the principal activity that incurred the original VAT. ## **Tangible fixed assets for use by the charity** 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, however, the insurance on this house is based on an up-todate valuation. ## **Debtors** Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors which are measured on initial recognition at settlement amount. 16 ## **Notes to the Financial Statements (Continued)** ## **Current asset investments** The charity has cash and cash equivalent investments. These include cash on deposit and cash equivalents with a maturity of less than one year held for investment purposes rather than to meet short-term cash commitments as they fall due. These are valued at fair value. Short-term deposits include cash held on deposit with the CCLA CBF Deposit Fund, or at the bank. ## **Reserves Policy** The Trustees have agreed that the reserves policy should enable the funding of the equivalent of three months’ staff costs (approximately £40k). At the end of 2023, our total reserves were £707k (2022: £706k), of which £193k (2022: £192k) are regarded as free reserves and £513k (2022: £514k) are restricted funds. We therefore have sufficient funds to comply with our reserves policy. ## **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 £49,201 (2022: £55,078). ## **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 £15,332 (2022: £12,870). ## **Projects Fund** This fund was set up to provide a specific fund for PCC Projects. No legacy money was added in 2023. During the year £4,061 has been used by projects designated by the PCC. At the end of the year the fund stood at £55,740 (2022: £59,801). ## **The Centre** This was set up to hold funds for the ongoing missionary work in The Centre, Verney Close. The fund stands at £11,630 (2022: £14,637). ## **Food Bank** This was set up to hold funds for the ongoing missionary work at the Food Bank, based in the Centre. The fund stands at £41,187 (2022: £37,562). ## **Anchor Community** This fund was set up to hold funds for the older & lonely in our community. The fund has now been fully utilised and has a closing balance of £nil (2022: £480). ## **Restoration** This part of the restoration fund is unrestricted. The fund stands at £20,270 (2022: £11,684). ## **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. The fund stands at £61 (2022: £286). ## **Restricted Funds** ## **Trust Funds** Gains on investments recorded relate to variations in share prices of investments held by the Central Board of Finance (CBF). 17 ## **Notes to the Financial Statements (Continued)** ## **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 £2,502 (2022: £2,315). ## **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 £19,500 and the investment is valued in the accounts at £318,097 (2022: £292,462). During the year the trust fund made a gain of £24,135 (2022: loss of £14,651). ## **Restoration Restricted** The Restoration fund stood at £12,837 (2022: £24,378). ## **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 £561 at the end of the year, which was transferred in full to the relevant charities in January 2024. ## **Special** This fund is used for special collections, like the Christingle, Christian Aid 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, mini-bus, ministry trainee. The balances amounted to £29,305 (2022: £44,628). 18 ## **NOTES TO THE ACCOUNTS** ## **3 Income** |**3a Donations and legacies**
Donations
Income Tax recoverable
Grants
Legacies
**3b Income from charitable activities**
Fees for weddings & funerals
Hiring fees
Other income
**3c Income from Investments**
Dividends and Interest
**3d Other Income**
Church Social events
**Total Income**|**General Designated Restricted **
**Fund**
**Funds**
**Funds**
**£**
**£**
**£**
**261,718**
**18,630**
**22,268**
**52,905**
**23,199**
**9,358**
**-**|**Total Funds**
General Designated Restricted
**2023**
Fund
Funds
Funds
**£**
**£**
**£**
**£**
**302,616**
273,849
39,120
70,701
**52,905**
76,700
**32,557**
21,160
480|Total Funds
2022
**£**
383,670
76,700
21,640
-| |---|---|---|---| ||**337,822**
**27,988**
**22,268**|**388,078**
371,709
39,600
70,701|482,010| ||||| ||**3,830**
**11,818**
**9,584**
**106**|**3,830**
2,491
**21,402**
7,873
10,746
**106**
545|2,491
18,619
545| ||**15,754**
**9,584**
**-**|**25,338**
10,909
10,746
-|21,655| ||||| ||**2,015**
**8,495**
**72**|**10,582**
269
8,068
50|8,387| ||||| ||**805**
**-**
**-**|**805**
-
-
-|-| ||||| ||**356,396**
**46,067**
**22,340**|**424,802**
382,887
58,414
70,751|512,052| 19 ## **NOTES TO THE ACCOUNTS (Continued)** ## **4 Expenditure** |**4a Expenditure on charitable activities**
Building running costs
Rector expenses
Staff costs*
UK & Overseas mission
Outreach expenses
Children and Families work
Youth work
Worship costs
Fabric and Building maintenance
Office and administration costs
**4b Other expenditure**
Bank charges
Furniture and equipment
General repairs
Other expenses
**Total Expenditure**
**Staff costs***
Salaries
National Insurance
Pension contributions
Staff expenses|**General Designated Restricted **
**Fund**
**Funds**
**Funds**
**£**
**£**
**£**
**120,048**
**7,016**
**2,193**
**5,846**
**132,146**
**6,338**
**15,500**
**37,621**
**7,633**
**18,966**
**16,639**
**3,746**
**2,321**
**7,712**
**14,101**
**12,471**
**2,471**
**14,871**
**232**|**Total Funds**
**2023**
**£**
**129,257**
**5,846**
**153,984**
**37,621**
**43,238**
**6,067**
**7,712**
**14,101**
**14,942**
**15,103**| |---|---|---| ||**356,195**
**35,023**
**36,653**|**427,871**| |||| ||**416**
**50**
**3,736**
**4,020**
**3,722**
**1,571**
**2,500**
**796**
**4,390**
**4,984**
**9,697**
**6,520**|**416**
**7,806**
**7,793**
**5,186**
**21,201**| |||| ||**361,179**
**44,720**
**43,173**|**449,072**| |||| During the year the PCC employed: a Contemporary Worship Leader; an Organist & Assistant Organist; Associate Minister for Pastoral Care; Children’s Worker; Families Worker; Youth Worker; Parish Manager; Office Administrator; the Rector’s PA; Cleaner and a Caretaker for The Centre. No employees received employee benefits for the reporting period of more than £60,000. Neither the Vicar nor any Curate (when applicable) is included in the total salaries. This is because these stipends are met under Church of England arrangements and not by the PCC. No payments (remuneration or expenses) were made to PCC members in their capacity as trustees. 20 ## **NOTES TO THE ACCOUNTS (Continued)** ## **5 Fixed Assets** |**5 Fixed Assets**|||||| |---|---|---|---|---|---| ||**General **|**Designated**|**Restricted**|**Total Funds**|Total Funds| ||**Fund**|**Funds**|**Funds**|**2023**|2022| ||**£**|**£**|**£**|**£**|**£**| |Curates House|**-**|**-**|**150,000**|**150,000**|150,000| |**6 Debtors**|||||| |Accrued Income|**-**|**1,155**|**-**|**1,155**|1,211| |**7 Creditors**|||||| |Christingle collection|||**813**|**813**|-| |Kents Hill deposits|**3,440**|||**3,440**|| |Accruals|||||7,704| ||**3,440**|**-**|**813**|**4,253**|7,704| |**8 Analysis of net assets by fund**|||||| |Fixed Assets|||**150,000**|**150,000**|150,000| |Current Assets|**52,641**|**144,221**|**364,116**|**560,978**|563,884| |Current Liabilities|**-3440**||**-813**|**(4,253)**|-7704| ||**49,201**|**144,221**|**513,303**|**706,725**|706,180| ## **9 Fund statement of change** 21