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2024-12-31-accounts

Annual Report and Financial Statements of the Parochial Church Council for 2024

Presented to the Annual Parochial Church Meeting on Sunday 11 May 2025 at 10.30am

Charity Information

Buckingham Parish Church, Castle Street, Buckingham MK18 1BS Parish Office 01280 821509 www.bpchurch.uk 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: Martin Nye 186 High Street Winslow MK18 3DQ

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Trustees Report - Year ended 31st December 2024

The Trustees present their trustees’ report on the unaudited financial statements for the year ended 31[st] December 2024. The financial statements have been prepared in accordance with the accounting policies set out in the notes to the financial statements, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice” applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective from 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Charity Information:

List of Trustees who have served during the financial year until the approval of the financial statements:

Rev Will Pearson-Gee George Onaya Glynnis Eastwood Simon Morrell Tracy Roskell Andrew Pallett Nigel Collinson Gerry Causer Andrew Gibson Bethan Leigh Jeremy Brian Roskell Andrew Ian Farquharson Miscampbell Harry Martin Fairland Morten Lorna Piper Michael Roskell Mike Evans

Governing Document

The constitution and rules for proceedings of the PCC are set out in the Parochial Church Council Powers Measure (1956) as amended and Church Representation Rules as amended on 21/09/2021.

Registered with the Charity Commission on 20 March 2009

Charity Registration Number 1128704

Address: Castle Street, Buckingham, MK18 1BS

Recruitment and Appointment of Trustees

Most Trustees (members of the PCC) are either ex officio or are elected by the Annual Parochial Church Meeting (APCM) in accordance with the governing document (Church Representation Rules). Some others are co-opted for particular purposes. The APCM and elections of PCC members will take place on 11[th] May 2025.

New Trustees receive an induction on their role and responsibilities from the Secretary of the PCC and any relevant documents and guidelines, in addition to a general induction from the Chairman during the first meeting of the year following each APCM.

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Objectives and Activities

The objects of the Charity are to worship God, follow God's way, make God's love known.

The PCC also has the responsibility for the care and maintenance of Buckingham Parish Church, the toilet block on Church Hill and 5 Chandos Close (the Curate's House).

The charity aims to:

Public Benefit

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Reserves Policy

The reserves policy is detailed in the notes to the accounts.

Going Concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Risk Management

The Trustees carry out an annual review of both the financial and operational risks that the charity may face.

Responsibilities of the Parochial Church Council (The Trustees)

The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

The trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the Church Accounting Regulations 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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The Trustees oversee and support the Leadership Team, the staff and the members of Buckingham Parish Church in their various areas of ministry and are responsible for ensuring that a representative (usually the Chairman) reports back to the Church members annually at the APCM along with other ministry leaders. This meeting also includes election of new Trustees and is open to all to attend, although only those named on the Electoral Roll or living in the Parish may vote in this matter. A detailed report of ministry activities for the previous twelve months is made available at this meeting, along with copies of the Annual Report and Financial Review.

Signed on behalf of the Parochial Church Council on 26[th] March 2025 by

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Parish / Benefice Staff

Review of PCC discussions in 2024

During the year the PCC met for 4 scheduled meetings and had an average attendance of 71%.

Main items discussed were:

The Alpha Course; Issues regarding human sexuality affecting the CofE; the employment of a new Operations Manager, building subsidence; the organisation of Holiday Club in August; the prospect of a Curate, and the weekend away were discussed most frequently.

Standing Committee

The Standing Committee (SC) is a statutory requirement. It meets to prepare the agenda for the PCC and has power to transact business of the PCC in emergencies between its meetings, subject to any directions given by the PCC. The PCC has delegated to the SC responsibility for Human Resources (HR) matters concerning non-clergy paid members of staff. The Churchwardens, Head of the Finance and Stewardship Committee, Treasurer, PCC Secretary and up to two other members of the PCC serve on the SC which is chaired by the Rector. It meets every month that the PCC does not and meets via Zoom.

Safeguarding Policy

Buckingham Parish Church places the highest priority on safeguarding the welfare of the children, young people and vulnerable adults in its care, and as is required by the Church of England and by law, it has effective arrangements in place to protect them. These are set out in the Parish Safeguarding Policy which was reviewed and approved for 2024 by the PCC in December 2023. This document is on display in church and is available on the Safeguarding page of the church website. The Parish safeguarding procedures and volunteer recruitment processes are also available on the website. The church is registered on the Diocesan Safeguarding Dashboard, which enables the PCC and the Safeguarding Officers to monitor the implementation of safeguarding measures. Jane Wardale and Glynnis Eastwood have been appointed by the PCC as the Parish Safeguarding Officers.

OTHER COMMITTEES and WORKING GROUPS

The PCC operates through a number of sub-committees and working groups, which are responsible for areas of activity. They meet between PCC meetings giving reports and, where appropriate, making recommendations to the PCC and implementing decisions by the PCC when asked to do so. These subgroups are The Mission and Outreach Group (MOG), and Stewardship and Finance and they have shared their reports and its included in this document.

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Rector’s Report 2024

2024 has been another successful year for BPC with many baptisms and attendance figures increasing. Early in the New Year we bade farewell to our curate Kate Pellereau on Sunday 14th January. She had only recently returned from adoption leave and left us to take up a new role as an associate minister in a church in Coventry.

Our first Alpha course started on 18th January and was run at The Rectory using the video resources. The summer Alpha course was particularly well attended and had to be split into 2 groups. A number of people come to faith and were baptised at a wonderful service at our final ‘Summer Sunday’ service.

Over the weekend 27/28th January, a team from St John’s Great Horton (our Bradford mission partners) visited us and Canon John Bavington spoke at all our services on the Sunday.

On Monday 29th January we hosted a speaker from ‘Living Out’ who came to speak and answer questions on the sensitive issue of human sexuality and sexual ethics. The evening was well attended.

We held our annual Vision Sunday on 4th February, and this was followed by a successful Stewardship Sunday on 11th February.

Our annual deanery Marriage Preparation Day was held on Saturday 17th February and once again run by Brian and Tracy Roskell.

Our Parish Manager Jan Ballantyne prepared to hand over to her successor Divya Jacob and the handover was completed in Holy Week.

Palm Sunday was on 24th March and started off Holy Week. The usual Maundy Thursday and Good Friday services were held with good weather blessing the outdoor service at the Old Goal where Revd Ope Ayileye preached. Our Easter services were well attended.

Our Annual Church Meeting was held on 28th April, and we once again held it as a part of a service of worship followed by a picnic lunch. Around 210 people attended.

We held a VIP Party on 10th May to celebrate the many people who serve BPC so faithfully and through a generous gift we were able to provide a delicious curry meal. The evening was great fun and mini ‘Oscar’ statuettes were awarded to many of the outstanding teams.

Our new Ministry Assistant Andrew Pegg started on 2nd June. Andrew subsequently started at the LST for his Master’s in Theology in September. His appointment was made possible by one family’s generous gift.

The VIP Party

I deployed to Tanzania on a SOMA mission for 2 weeks 27th May to 9th June. This was a transformational experience which helped drive BPC forward later in the year.

Pentecost was a glorious day with further baptisms at the 6pm service.

We hosted an Archdeacon’s Visitation on 10th June.

On 29th June many of the Church headed to Christ Church Cathedral to see Jo Wigley Ordained Deacon.

Our Worship Leader Ali Burt resigned and finished at the end of the summer term having served the church

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faithfully for 5 years including seeing us through the pandemic and transforming our online offering. A new Worship Leader (Phil Cawley) was recruited to start in September.

----- Start of picture text -----
SOMA Mission Trip Jo’s Ordination
----- End of picture text -----

A team of about 25 people attended HTB Focus at the Newark Showground and all agreed that it was an excellent experience which we should repeat in 2025 with more people.

The Holiday Club took place 5-9th August. There had been much discussion prior to the decision to revert to the previous format. This proved a success. Monday was set-aside for set-up which made the previous Sunday less stressful and allowed a clear day for training and set-up. 150 children attended and it proved a great success.

At the start of the Autumn term our new Worship Leader Phil Cawley started work. Sadly, Phil subsequently broke his wrist and due to the nature of his injury it was agreed that he’d not return to work. Ali Burt rejoined the staff team in the role of Production Assistant and Worship Coordinator on 18th November. Sam Graham took on the leadership of the worship team in an informal capacity and in addition to his fulltime role.

The most significant event of the year was our Parish Weekend Away which took place 27th – 29th September at Kents Hill Conference Centre in Milton Keynes. Our speakers were Revd Paul and Christine Perkin. Although bookings had been frustratingly slow, we ended up with nearly 200 people and enjoyed excellent food, great teaching and worship and a lot of fun.

The Parish Weekend Away

Over the Autumn term all three congregations completed the ‘Boot Camp’ sermon series based on the Rector’s teaching syllabus in Tanzania. This series really energised the church and in particular people’s openness to prayer ministry.

Our Christmas services were very well attended, and we ended the year with a New Year’s Eve party in church.

Revd Will Pearson-Gee

Rector

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Independent Examiner's Statement for the year ended 31 December 2024

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PCC OF BUCKINGHAM PARISH CHURCH, BUCKINGHAM

I report on the accounts of the PCC for the year ended 31 December 2024. This report on the accounts of the PCC is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 and section 145 of the Charities Act 2011.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of The Association of Chartered Certified Accountants.

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

BASIS OF INDEPENDENT EXAMINERS STATEMENT

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINERS STATEMENT

In connection with my examination, no matter has come to my attention:

(1) 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 2011 Act; and

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the

accounts to be reached

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Financial Statements for the year ended 31 December 2024

Buckingham Parish Church

Statement of Financial Activities

For the period from 01 January 2024 to 31 December 2024

Unrestricted Restricted Total Prior year
funds funds funds total funds
Note £ £ £ £
Income
Donations and legacies 3a 380,613 5,561 386,174 388,078
Income from charitable activities 3b 29,097 0 29,097 25,338
Other trading activities 3c 15,100 0 15,100 -
Income from Investments 3d 11,078 42 11,120 10,582
Other income 3e 1,699 0 1,699 805
Total income 437,587 5,603 443,190 424,802
Expenditure
Expenditure on charitable activities 4a 429,711 9,917 439,628 427,871
Other expenditure
Total expenditure		 4b 23,609
453,320		 0
9,917		 23,609
463,237		 21,201
449,072
Net income / (expenditure) -15,733 -4,315 -20,048 -24,270
Transfers:
Gross transfers between funds - in 13,305 7,278 20,583 18,903
Gross transfers between funds - out -16,622 -3,961 -20,583 -18,903
Gains/losses on investment assets 219 5,561 5,780 24,816
Net movement in funds -3,098 8,878 5,780 24,816
Total funds brought forward 193,422 513,303 706,725 706,180
Total funds carried forward 174,591 517,867 692,458 706,726

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Buckingham Parish Church

Balance Sheet as at 31 December 2024

2024 2023
Fixed assets Note £ £
Land and buildings 5
150,000		 150,000 150,000
150,000 150,000 150,000
Current assets
Debtors 6
5,659		 5,659 1,155
Investments 381,588 381,588 325,668
Cash At Bank And In Hand 162,533 162,533 234,155
549,780 549,780 560,978
Liabilities
Creditors: Amounts Falling Due In One Year 7
7,322		 7,322 4,253
7,322 7,322 4,253
Net current assets 542,458 542,458 556,725
Total assets less current liabilities 8
692,458		 692,458 706,725
Funds
Unrestricted
General 9
40,770		 40,770 49,201
Designated 9
133,820		 133,820 144,221
174,590 174,590 193,422
Restricted 9
517,868		 517,868 513,303
Fund Totals 692,458 692,458 706,725

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BUCKINGHAM PARISH CHURCH

General notes to the accounts

1 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) (effective 1[st] January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure involved following the Charities SORP (FRS102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The PCC is a public benefit entity as defined by FRS 102.

Charity information

Buckingham Parish Church is a charity registered with the Charity Commission on 20[th] March 2009. Charity number 1128704.

Corporation Tax

The Charity is exempt from Corporation Tax on its charitable activities.

Judgements and key sources of estimation uncertainty

In the application of the Charity’s accounting policies, the members are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both the current and future periods.

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 accruals basis. Property rental is recognised on an accruals basis.

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.

Tangible fixed assets for use by the charity

The PCC is the beneficial owner and has the right to use the house in Chandos Close (known as the Curate’s House) which is held in trust for the PCC. The house is included in fixed assets on the basis of economic substance taking precedence over legal form at its fair value of £150,000.

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Payment to Examiner

An accrual of £1,200 (£1,000 + VAT) is included in the accounts in respect of payment to examiner.

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.

Volunteer help

The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.

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 accruals 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

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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 Scheme section of the Church Workers Pension Fund (CWPF) for lay staff. The CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets separately from those of the Employer and other participating employers.

Pension Builder 2014 is a cash balance scheme that provides a lump sum which members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment returns and other factors. The account, plus any bonuses declared is payable, unreduced, from age 65.

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 FRS 102. This is because it is not possible to attribute the Pension Builder Scheme’s assets and liabilities to specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SoFA in the year are the contributions payable ( 2024: £6,055, 2023: £6,348).

A valuation of the Pension Builder Scheme is carried out once every three years. The most recent valuation was carried out as at 31 December 2022.

For the Pension Builder 2014 section, the valuation revealed a surplus of £8.5m on the ongoing assumptions used. There is no requirement for deficit payments at the current time.

The next valuation is due as at 31 December 2025.

The legal structure of the scheme is such that if another employer fails, the charity could become responsible for paying a share of the failed employer’s pension liabilities.

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.

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.

Reserves Policy

The Trustees have agreed that the reserves policy should enable the funding of the equivalent of three months’ costs (approximately £100k).

At the end of 2024, our total reserves were £692k (2023: £707k), of which £174k (2023: £193k) are regarded as free reserves and £518k (2023: £513k) 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 £40,770 (2023: £49,201).

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 £7,951 (2023: £15,332).

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Projects Fund

This fund was set up to provide a specific fund for PCC Projects. No legacy money was added in 2024. During the year £2,467 has been used by projects designated by the PCC. At the end of the year the fund stood at £53,273 (2023: £55,740).

The Centre

This was set up to hold funds for the ongoing missionary work in The Centre, Verney Close. The fund stands at £17,185 (2023: £11,630).

Food Bank

This was set up to hold funds for the ongoing missionary work at the Food Bank, based in the Centre. Following the significant grants received in the Covid and post Covid period the food bank balance has now been stabilised. Regular grants are no longer being received and the balance will return to normal levels, whilst still ensuring the food bank remains sustainable. The fund stands at £40,093 (2023: £41,187).

Restoration

This part of the restoration fund is unrestricted. The fund stands at £14,738 (2023: £20,270).

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 £579 (2023: £61).

Restricted Funds

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

Was a trust whose Custodian was the Oxford Diocesan Board of Finance. This trust had been established to provide income to or for the benefit of the organist of the Parish Church of Buckingham. However, it was decided by the PCC and agreed by the Oxford Diocesan Board that a separate charity was no longer required and this has now been closed and the remaining funds transferred to our CAF organ fund. This ensures the money given in the past to support the work of an organist in our church can still be used for the same purpose, but within the main church accounts.

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 £18,000 and the investment is valued in the accounts at £324,944 (2023: £318,097). During the year the trust fund made a gain of £5,346 (2023: gain of £24,135).

Restoration Restricted

The Restoration fund stood at £14,413 (2023: £12,837).

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.

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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 stained-glass windows, mini-bus, ministry trainee. The balances amounted to £28,511 (2023: £29,305).

3 Income

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 Other trading activities
Property rental
3d Income from Investments
Dividends and Interest
3e Other Income
Church Social events
Total Income		 General Designated Restricted Total Funds
General Designated Restricted Total Funds
Fund
Funds
Funds
2024
Fund
Funds
Funds
2023
£
£
£
£
£
£
£
£
278,562
19,481
5,561
303,604
261,718
18,630
22,268
302,616
68,042
68,042
52,905
52,905
14,528
14,528
23,199
9,358
32,557
-
-
-
361,132
19,481
5,561
386,174
337,822
27,988
22,268
388,078
3,856
15,467
9,774		 3,856
3,830
15,467
11,818
9,584
9,774
106		 3,830
21,402
106
13,630
15,467
-		 29,097
15,754
9,584
-		 25,338
15,100
-
-
15,100
-
-
-

-
2,264
8,814
42
11,120
2,015
8,495
72
10,582
1,699
-
-		 1,699
805
-
-		 805
393,825
43,762
5,603		 443,190
356,396
46,067
22,340		 424,802

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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
£
£
£
123,382
6,343
5,783
150,887
10,172
5,562
38,000
16,676
9,573
2,583
5,220
659
9,578
20,616
7,566
8,599
16,847
469

1,113
394,555
35,156
9,917		 Total Funds
2024
£
129,725
5,783
166,621
38,000
28,832
5,879
9,578
20,616
16,165
18,429
439,628
101
64
1,447
2,618
10,074
3,522
5,783		 101
1,511
12,692
9,305
6,305
17,304
-		 23,609
400,860
52,460
9,917		 463,237

Average number of employees

The average number of employees during the year was 11, which included: a Contemporary Worship Leader; an Organist; Associate Minister for Pastoral Care; Children and Families Worker; Youth Worker; Operations Manager; Office Administrator; the Rector’s PA; Ministry Assistant; 2 Cleaners and a Caretaker for The Centre.

No employees received employee benefits for the reporting period of more than £60,000. Neither 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.

40 staff and volunteers were reimbursed £21,457 in respect of mileage, and out of pocket expenses including general expenses, travel and asset purchases. Reimbursed expenses are incurred in order for staff and volunteers to fulfil their duties and are not considered payment for goods and services or the remuneration of a Trustee, nor do they count as any kind of personal benefit.

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5 Fixed Assets

Curates House
6 Debtors
Debtors
Prepayments and accrued income
7 Creditors
Christingle collection
Kents Hill deposits
PAYE
Accruals
8 Analysis of net assets by fund
Fixed Assets
Current Assets
Current Liabilities		 General Designated
Restricted
Fund
Funds
Funds
£
£
£		 General Designated
Restricted
Fund
Funds
Funds
£
£
£
-
-
150,000
150,000
47,722
134,190
367,868
(6,952)
(370)		 150,000
549,780
(7,322)
40,770
133,820
517,868		 692,458

9 Fund statement of change

Current Year

Current Year Current Year Current Year Current Year
Brought forward
Movement
Carried forward
**Fund ** Unrestricted
Designated
**Restricted **		 Unrestricted Designated
Restricted		 Unrestricted Designated
Restricted
Assistant Curate's Fund
Box - Philip Box Charity
The Centre Buckingham
Curates House
Food Bank
Funeral - Funeral Collections
Harrison Bequest
Projects
Rector's Discretionary Fund
Restoration Restricted
Restoration Fund
Special
General fund		 -
15,332 -
- -
2,502
-
11,630 -
- -
150,000
-
41,187 -
- -
561
- -
318,097
-
55,740 -
-
61 -
- -
12,837
-
20,270 -
- -
29,305
49,201
- -		 - (7,381)
(2,502)

5,555
-

(1,094)
(561)
6,846

(2,467)

518
1,576

(5,532)
(794)
(8,431)		 - 7,951 -
- - -
- 17,185 -
- - 150,000
- 40,093 -
- - -
- - 324,943
- 53,273 -
- 579 -
- - 14,413
- 14,738 -
- - 28,511
40,770 - -
Totals
49,201
144,221
513,303		 -8,431
-10,401
4,565		 40,770
133,820
517,868
£1,500 has been transferred from the Curates Fund to the Harrison Bequest to repay the capital borrowed from this Fund for the Open Door Project

£1,500 has been transferred from the Curates Fund to the Harrison Bequest to repay the capital borrowed from this Fund for the Open Door Project

18

Comparative for prior year

----- Start of picture text -----
Brought forward Movement Carried forward
Fund Unrestricted Designated Restricted Unrestricted Designated Restricted Unrestricted Designated Restricted
Anchor Community Grant - 480 - - -480 - - - -
Assistant Curate's Fund - 12,870 - - 2,462 - - 15,332 -
Box - Philip Box Charity - - 2,315 - - 187 - - 2,502
- - - - - -
The Centre Buckingham 14,637 -3,007 11,630
Curates House - - 150,000 - - - - - 150,000
Food Bank - 37,562 - - 3,625 - - 41,187 -
Funeral - Funeral Collections - - 1 - - 561 - - 561
- - - - - -
Harrison Bequest 292,462 25,635 318,097
- - - - - -
Projects 59,801 -4,061 55,740
Rector's Discretionary Fund - 286 - - -225 - - 61 -
Restoration Restricted - - 24,378 - - -11,541 - - 12,837
Restoration Fund - 11,684 - - 8,586 - - 20,270 -
- - - - - -
Special 44,627 -15,322 29,305
General fund 55,078 - - -5,876 - - 49,201 - -
Totals 55,078 137,319 513,783 -5,876 6,901 -480 49,201 144,221 513,303
----- End of picture text -----

19