2023-12-31-accounts

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The Parochial Church Council of the Ecclesiastical Parish of Buxton with Burbage and King Sterndale

Annual Report and Financial Statements For the Year ended 31 December 2023

Registered Charity No: 1128844

The Parochial Church Council of the Ecclesiastical Parish of Buxton with Burbage and King Sterndale

CONTENTS

	Page
Trustees’ report	1-9
Independent Examiner’s report	10
Statement of Financial Activities	11
Balance Sheet	12
Notestothefinancialstatements	13-20

The Parochial Church Council of the Ecclesiastical Parish of Buxton with Burbage and King Sterndale

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Aim and Purposes

The Parochial Church Council (PCC) has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish the pastoral, evangelistic, social and ecumenical mission of the Church.

Structure, Governance and Management

The Parish of Buxton with Burbage and King Sterndale is constituted as a team ministry and is part of the Diocese of Derby within the Church of England. It includes the churches of St John’s, St Anne’s, St Mary’s, St James, Christ Church Burbage and Christ Church King Sterndale. The PCC is a body corporate established by the Church of England and is Governed by the Parochial Church Council Powers Measure (1956) as amended and the Church Representation Rules 2006. The PCC is a Registered Charity, Registration Number 1128844. The administrative address is: Parish Centre, 29 Bath Road, Buxton, Derbyshire SK17 6HJ.

The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. The Churchwardens, other officers and all other members are elected by the Annual Parochial Church Meeting. Members so elected hold office for three years or the balance of the term if elected to fill a casual vacancy. The PCC also has the authority to co-opt church members to serve on the PCC.

The PCC appoints sub committees for certain aspects of church life. The Standing Committee has the authority to transact the business of the PCC between its meetings. Proposals, reports and minutes of its meetings are circulated and approved by the PCC.

The PCC receives regular reports from the Deanery Synod members. This provides the PCC with an important link between the parish and wider structures of the church.

The PCC has approved policies for the safeguarding of children and vulnerable adults and has appointed two specific people to handle any such concerns.

The Parochial Church Council Membership 2023

Clergy The Rev'd Liz England — Rector and Chair The Rev'd Sandra Doore (from April 2023) The Rev'd Catrin Hubbard Fr Nicholas Radford-Powell (from July 2023) Lay Chair Eric Butterley Churchwardens Jean Luton (St John’s) Roger Beck (St John’s) Philip Leyland (St Anne’s) Andrew Law (St Anne’s) Jill Hulme (St Mary’s) Margaret Davies (Christ Church Burbage) Paul Taylor (Christ Church King Sterndale)

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The Parochial Church Council of the Ecclesiastical Parish of Buxton with Burbage and King Sterndale

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2023

Deanery Synod Members Kathryn Barton Marion Overton PCC Secretary Jennifer Parker Treasurer Jeremy Bowden (from June 2023) PCC Elected Members Rebecca Backhouse Linda Baldry Philip Cartledge Carolyn Fell Roman Gawel Elizabeth Haggis Lorraine Marrow Mary Matthews Emily Tooze (until July 2023) Jonathan Wallace Aileen Warneford Pamela Woodroffe

Independent Examiner

Laytons Chartered Accountants 6 Manchester Road

Buxton SK17 6SB

Objectives and activities

The Charity's objects are bringing people to faith and faith to people. The PCC is committed to enabling as many people as possible to worship at our churches and to become part of our community in the parish. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can best serve the needs of our community. Our services and worship put faith into practice through prayer and scripture, music and sacrament.

When planning our activities for the year, we have considered the Commission’s guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our parish community through:

• e Worship and prayer; learning about the Gospel; and developing their knowledge and trust in Jesus.

• e Provision of pastoral care for people living in the parish. e Missionary and outreach work.

To facilitate this work, it is important that we maintain the fabric of the church and administrative buildings under our care.

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The Parochial Church Council of the Ecclesiastical Parish of Buxton with . Burbage and King Sterndale

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Achievementsandperformance

2023 Overview of activities

The Parish

2023 was a year of consolidation, with worship and mission consolidating and returning to pre-Covid levels of activity. In June we extended a warm welcome to the Rev'd Sandra Doore, who joined the clergy team as Team Vicar, bringing much valuable experience from the Diocese of Liverpool and the Church Army. Later in the year we were also blessed by the appointment of Fr Nicholas RadfordPowell as Curate. The Rev'd Catrin Hubbard was able to remain in the Parish until the end of the year, and was heartily thanked by all for her outstanding contribution and support during the time she was a member of the Ministry Team here in Buxton.

St John’s

St John’s Church had a very steady year. The congregation continued to rise and by the end of the year was 5S. This does not include our wonderful Festival Masses, that run into hundreds, or the Christmas attendances of 179 at the Nine Lessons and Carols, or 191 at Midnight Mass, even though they were held only a day apart.

The church did not close its doors for the two Parish Services during the Christmas period. Instead, coffee/tea/home-made cake/and a chat were on offer to any who came in (we could not stop our new clock/bell from ringing) which helped. On 23" December we attracted 9 in number and on 31° December, 29. One visitor, from Devon, subsequently wrote to the Parish Office to say what a wonderful welcome she had received and that it had been an ‘amazing experience’.

Our clock/bell needs some more tender, loving care which we hope to achieve soon. It is programmed to ring for twenty minutes before the Service on a Sunday. Christmas Day falling on a Monday this year was far too difficult for our ‘untrained’ Churchwardens to programme. After several months of silence, payment for the new clock/bell was generously donated by two of our church neighbours, Robin Pugsley and Rick Shearer, who had so missed its welcoming sound and, although they are not part of our congregation, wanted to help when we explained that money was tight.

We were privileged to hold the Farewell Service for Archdeacon Carol Coslett in February and a Sung Evensong in April with the Dean Emeritus of Hereford. These special occasions are made possible only with the continued invaluable support of our choir, under the leadership of the Musical Director, Michael Williams and our Organist, Andrew Cummings. Together, they all continue to perform at the highest level.

In September, we opened our doors for 8 days as part of the National Heritage Open Day scheme with an exhibition of altar fronts and vestments. It was well attended especially on the 5 weekdays that had organ concerts. The organisation of attendance at local events and venues during Advent added to our outreach efforts, as well as earning fundraising income.

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The Parochial Church Council of the Ecclesiastical Parish of Buxton with Burbage and King Sterndale

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2023

The congregation was still led by Churchwardens Jean Luton and Dr Roger Beck. In addition to regular worship, the church had four funerals, two weddings, one Baptism, one Burial of Ashes and one Confirmation. Buxton Festival again contributed to our financial situation. We aim to share in their financial success this year. Our new card reader got off to a rather slow start but we are hopeful of encouraging donations from our increasing numbers. All in all, an encouraging year.

St John’s Church had income of £67,025 (2022 £64,872) during the year, and direct expenditure of £20,226 (2022 30,337), contributing £46,799 (2022 £34,535) to the shared costs of the Parish. St Anne’s St Anne’s is the oldest church in Buxton, and parts of its walls are the oldest building in the town. The current churchwardens are Andrew Law and Philip Leyland.

January 2023 started with the sad news of the passing of one of the church’s oldest stalwarts, Keith Horncastle. He is still missed by our congregation.

St Anne’s has a service of Holy Communion most Wednesdays throughout the year and our congregation is usually in double figures. It is a beautiful service in a sacred place.

Notable events were as follows:

At the end ofJanuary, we hosted the CTiB service for Christian Unity with a congregation from differing denominations. It was a blessing to worship together. In early May we had an open day to coincide with the town Spring Fair. We welcomed visitors for refreshments and it to stay and feel the special beauty of our church. In July we had a Flower festival and had over 500 visitors to view the exhibits on the theme of nursery rhymes.

St Anne’s Church had income of £17,657 (2022 £5,633) during the year, and direct expenditure of £7,194 (2022 9,777), contributing £10,464, (2022 (£4,144)) to the shared costs of the Parish. St Mary’s

The weekly service pattern at St Mary’s includes a range of worship styles, from the informal monthly Jigsaw Church service, led by congregation members, to all age communion services. Our congregation has an age range spanning 18 months to 92 years.

During 2023, in addition to regular worship, the church held 3 weddings, 4 baptisms, 10 funerals and 8 burials of ashes. In April, St Mary’s hosted the licensing of Revd Sandra Doore, the new Team Vicar, by Bishop Libby Lane. And in October, Nicky Fenton, the Archdeacon of Derbyshire Peak and Dales, preached at the St Mary’s patronal service.

The church also held parish services for Ash Wednesday and All Souls. And in addition to the Baby Loss Awareness Week reflection held every October, St Mary’s introduced a new commemorative reflection. Working with Revd Catrin Hubbard and the Buxton Pride team, this event was held to mark international Transgender Day of Remembrance in November. It was very well attended and will become an annual parish event.

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The Parochial Church Council of the Ecclesiastical Parish of Buxton with Burbage and King Sterndale TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

The annual Garden Party in June was the highlight of our fundraising efforts, raising over £1400, and the church also hosted two Buxton Festival Fringe concerts during July. The Folk Carols took a break in 2023, but we hope they will be back in 2024.

Plans have been approved to extend the Memorial Garden to accommodate the burial of ashes, and work will start on this in spring 2024. The congregation have also backed plans for installing kitchen facilities, a café area and new accessible toilets. Once the architect’s plans are approved, the project will go out to tender with work expected to begin in early summer 2024. A key aim is to enable St Mary’s to become a community space and to open the church more often.

During 2023 we introduced contactless giving to help support one-off giving and fundraising. The new kitchen, café area and toilets project will be the focus for our fundraising efforts and grant applications in 2024.

Special thanks go to Eric Butterley who retired as churchwarden in May after eight years of dedicated service. Churchwarden Jill Hulme is also very grateful to everyone who supports St Mary’s in so many ways.

St Mary's Church had income of £40,069 (2022 £42,284) during the year, and direct expenditure of £8,014 (2022 £21,455), contributing £32,055 (2022 £20,829) to the shared costs of the Parish.

Christ Church Burbage

In February 2023 we held a very successful Snowdrop Tea in Church with wonderful homemade cake. April saw us at the Burbage Institute for our Spring Coffee Morning with all our usual stalls and well supported by the local community.

We had our annual Clypping Service in early August. At the end of that month, we held another Coffee Morning at the Institute, again well supported.

Remembrance Day was well attended, as usual Burbage Band were a major part of this service. The ladies of the Burbage Women’s Institute did a wonderful display of crochet poppies on the Lychgate. Early December was our Christmas Fair - getting us all in the Christmas spirit. We have raised much needed funds with our annual appeals for Churchyard Maintenance and the Christmas Memorial Lights.

We had a Christmas concert by Burbage Nursery, and two concerts with children from Burbage School, the church packed out with parents and youngsters. Wonderful to see and hear so many singing their hearts out and processing down the nave by candlelight from the Christingles.

On Christmas Eve we had our Crib Service, well attended and loved by everyone.

Some of the pews at the north side of the Church have now been replaced by café tables and we are trying to establish a Coffee and Chat morning on the second Tuesday of each month. This coincides with the Church work party day. These are the people that look after our Church both inside and out and to whom we must thank for their constant supply of cakes, and give of their time and talents, weeding outside and polishing inside.

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The Parochial Church Council of the Ecclesiastical Parish of Buxton with Burbage and King Sterndale

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2023

Due to planning and beyond our control, the driveway has not yet been repaired, we hope to go ahead in 2024. A path joining the gateway from the back of Burbage Institute to the lower path in the churchyard will hopefully also be done in 2024. Brekkie Church is now well established on the 3’ Sunday of each month, with a very child friendly story and craft followed by breakfast. We hope that in 2024 we can have a more regular service pattern enabling us to grow our congregation. Christ Church Burbage had income of £37,693 (2022 £18,400) during the year, and direct expenditure of £6,909 (2022 £5,092), contributing £30,783 (2022 £13,308) to the shared costs of the Parish.

St James’ Harpur Hill

St James’ Church has suffered in recent years from damp and other structural problems, and was temporarily closed during 2022. A Thanksgiving and Blessing service was held for St James on 12th February 2023, with the attendance of many of the congregation and members of the Harpur Hill community with a connection and love of the church. The church has since been closed, but further consultation with the community over its future has continued to take place.

A new St James Community Team met with the aim to move the building ideas forward. In August the project was handed over to Team Vicar the Rev’d Sandra and Curate Fr Nicholas with a view to taking it on its next step towards possible architects and plans. Since then the team have met with the diocesan representative for church buildings and are hoping the quinquennial will be this year. There is also the possibility of St James organ being relocated to another of the parish churches, and funding has been offered for this. This will need a faculty.

St James’ Church had income of £2,316 (2022 £6,106) during the year, and direct expenditure of £725 (2022 £4,990), contributing £1,591 (2022 £1,116) to the shared costs of the Parish.

Christ Church King Sterndale

The church is led by churchwarden, Paul Taylor. The average attendance for Sunday services is 12 and has not changed from last year. It is open daily during daylight hours for private prayer. 2023 has been a quiet year for services, having only 16 services excluding funerals baptisms and weddings and in March we did not have a service at all.

In addition to these services we have had 10 first Sunday of the Month Activity Church services whose attendance has varied between 4 and 19. One funeral, five baptisms and two weddings.

Our year started off with the Rev'd Catrin doing a ‘teaching Eucharist’ service, to explain the ins and outs of the various procedures and equipment of the eucharist service. On average we are having one Eucharist and one family service a month, however, the family service has been replaced with a ‘Baptism’ service on three occasions.

This year the annual snowdrop day happened in Cowdale, but, alas no refreshments at King Sterndale Parish Hall.

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The Parochial Church Council of the Ecclesiastical Parish of Buxton with Burbage and King Sterndale

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Harvest service courtesy of the Rev'd Catrin on the 1* October was well attended and the following supper and auction in the Parish Hall was a very supported, many thanks to those who arranged the evening.

King Sterndale held a Remembrance service at the war memorial in the church grounds to remember the lives lost from the community and also those who fought to protect our freedom.

There has been very little progress on the cremation plots at the rear of the graveyard, other than to visit the Matlock Archives to check the churches registers to discover that the additional portion of land has been blessed by the Bishop.

Christ Church King Sterndale had income of £7,315 (2022 £6,734) during the year, and direct expenditure of £1,612 (2022 £3,305), contributing £5,703 (2022 £3,429) to the shared costs of the Parish.

Bath Road Centre

The Centre has had a busy year and is continuing to attract new groups. 2023 also saw the start of hiring out the Branches Room for small meetings. Income from lettings increased to £14,948 from £13,690 in 2022.

We are very grateful to Parish Administrator Jennie Parker, who does an excellent job looking after the Centre, and to everyone who uses it. The PCC are considering plans about how best to manage lettings throughout the Parish in the future, including the management of weddings and funerals.

The Bath Road Centre had income of £15,754 (2022 £14,491) during the year, and direct expenditure of £13,256 (2022 £17,162), contributing £2,498 (2022 (£2671)) to the shared costs of the Parish.

Financial Review

The Parish had a successful year financially. The General Fund, which accounts for income and expenditure from ordinary activities and is the principal barometer of financial performance, achieved a surplus of £18,628 in 2023. That result was after paying the full Common Fund contribution to the Diocese of £80,357, which we were not able to do in 2022. The result over all funds was a surplus of £17,849.

Income increased by £38,832 from £165,609 in 2022 to £204,441. The main increase was seen in fees for weddings and funerals, which increased from £24,051 in 2022 to £35,753 in 2023, an increase of £11,702. There was also in increase in fundraising income of £2,971, from £6,523 in 2022 to £9,494 in 2023 - St John’s and Burbage both raised over £3,000. Lettings were also up by £2,277 from £26,450 in 2022 to £28,757 in 2023. St John’s in particular benefitted from the success of the Buxton Festival in both these sources of income. Bank interest rose from £2,349 in 2022 to £7,661 in 2023, an increase of £5,312 reflecting rises in interest rates over the period and a proactive Treasury policy. The large increase in Gift Aid recovery reflects 2 years’ worth of Gift Aid receivable in 2023. Despite all the progress made above, there is some concern that regular giving actually fell in 2023, from £40,410 in 2022 to £39,814 in 2023, a drop of £516, although this was compensated by collections at services increasing from £19,296 in 2022 to £21,162, an increase of £1,866.

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The Parochial Church Council of the Ecclesiastical Parish of Buxton with Burbage and King Sterndale

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Expenditure increased by £8,215 from £180,427 in 2022 to £189,766 in 2023. If the increase in the amount of Common Fund the Parish was able to pay in 2023 (£31,438) is taken into account, other expenditure fell by £23,223 over the year. The big factor is that church maintenance was reasonably low in the year. In 2022, this amounted to £32,294, but it decreased by £17,732 in 2023, the main works being heating repairs at St John’s and St Anne’s. Two quinquennial reports were received in the year, and there are development works in the planning stage at St Mary’s —so these costs are planned to rise significantly in 2024 and future years. It is good to see a reduction in church running costs, from £32,294 in 2022 to £23,548, and also in administrative costs from £8,124 to £7,041. These were offset by increases in staff costs, clergy expenses, worship and service costs and mission.

During the year, there has been a major overhaul in finance and accounting, with accounting being taken in-house, together with a new accounting system. This has enabled the production of monthly reports and close monitoring of financial matters. On-line banking has been introduced, and Treasury management improved.

Major risks

The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Reserves policy

Reserves are required to be held to maintain levels of current activity, to respond to short-term emergency expenditure or shortfalls in income, and to respond promptly to future opportunities in support of the Parish's mission. Our policy is to keep free reserves equating to at least six months' ordinary expenditure, including our full commitment to Common Fund over the year. Where appropriate, the PCC will also consider the designation of funds for specific future fabric repairs and development. On current levels of activity, we aim to retain a reserve in the region of £130k. Total General Fund Reserves exceed this and currently stand at £149.6k. The parish reserves do not however include any sums towards the future plans for St James; the PCC will review the reserves policy in the light of an agreed strategy for the future of this church.

Volunteers

The parish is blessed to have a willing and active team of volunteers who support the ministry team, PCC and parish finance and admin staff. Together, we are working towards growing the kingdom of God in our community.

Following the retirement of Philip Leyland as Parish Treasurer in December 2022 after 11 years of dedicated service, we are extremely grateful to Jill Hulme who took on the role of Acting Treasurer, supported by a team that has now become the Finance Sub-committee. Jeremy Bowden was elected Treasurer at the APCM in May 2023.

The Treasurers express their thanks to the continuing valued support of the individual church treasurers and churchwardens, and by the extremely able team of Mary Webb Finance Assistant, Rosie Shipley earlier in the year, and Jennie Parker and Nicci Smith, Parish Administrators. They continue to play a very significant part in the smooth running of the parish. Invaluable help was also provided by

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The Parochial Church Council of the Ecclesiastical Parish of Buxton with Burbage and King Sterndale

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2023

the team that took responsibility for managing the VAT and Gift Aid recovery processes: lan Armett, Robin Cundill and Eric Thompson.

So many other people have also given their time and talents in prayer, worship, mission and outreach, fundraising, administration, safeguarding, maintenance, gardening, cleaning, providing refreshments and supporting one another in service across our parish.

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The Parochial Church Council of the Ecclesiastical Parish of Buxton with Burbage and King Sterndale

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE CHARITY

| report to the Trustees on my examination of the financial statements of The Parochial Church Council of the Ecclesiastical Parish of Buxton with Burbage and King Sterndale (the Charity) for the year ended 31 December 2023.

Responsibilities and basis of report

As the Trustees of the Charity, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

| report in respect of my examination of the Charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

| understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. Accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

2. The financial statements do not accord with those records; or

3. The financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

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Name: Robert Layton
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RelevantLaytons CharteredProfessional Accountantsqualification or body: ICAEW 6 Manchester Road, Buxton, Derbyshire, SK17 9SB Date: 15 March 2023

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Laytons ace OUNTANTS
6 Manchester Rood, Buxton. Derbyshire SKT7 658
PHONE [phone] FAX [phone]
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The Parochial Church Council of the Ecclesiastical Parish of Buxton with Burbage and King Sterndale

STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2023

		Unrestric-	Designa-	Restric-	Endow-	Total
		ted	ted	ted	ment		Total
	Note	Funds £	Funds £	Funds £	Funds £	£	圃 2022 £
Incoming resources
Voluntary income Activities for generating funds Investment income	毎 4a 4b 4c	5 嶋 116,516 8,882 7,661	- - -	6,130 742 -	- - -	122,646 9,624 7,661	圏 104,929 6,857 2,349
Church activities	4d	64,835	(325)	-	-	64,510	51,474
Total receipts		197,894	(325)	6,872	-	204,441	165,609
Resources expended
Church activities	5	180,151	-	8,326	-	188,477	179,830
Raisingfunds		1,289	-	-	-	1,289	597
Total payments		181,440	-	8,326	-	189,766	180,427
Net incoming/(outgoing) resources		16,454	(325)	(1,454)	-	14,675	(14,818)
Revaluation gains/(losses) on investments	8	3,174	.	-	-	3,174	(4,442)
		19,628	(325)	(1,454)	-	17,849	(19,260)
Transfersbetweenfunds		(1,000)	1,000	1,086	__(1,086)	-	-
Netmovement in funds		18,628	675	(368)	(1,086)	17,849	(19,260)
Funds at 31.12.2022		130,956	90,000	81,927	1,086	303,969	323,229
Fundsat31.12.2023		149,584	90,675	81,559	-	321,818	303,969

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The Parochial Church Council of the Ecclesiastical Parish of Buxton with Burbage and King Sterndale

BALANCE SHEET

AS AT 31 DECEMBER 2023

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|||||||||| |---|---|---|---|---|---|---|---|---| |2023|2022| |Note|£|£|£|£| |Fixed|Assets| |Tangible|assets|9|3,956|8,867| |Investments|10|36,648|33,474| |40,604|42,341| |Current|Assets| |Debtors|&|prepayments|A|30,632|-| |Cash|at|bank|and|in|hand|12|255,439|272,011| |286,071|272,011| |Current|liabilities| |Creditors|13|(4,857)|(10,|383)| |Net|current|assets|281,214|261,628| |Total|assets|less|current|liabilities|321,818|303,969| |Funds|of the|charity|14| |Endowment|Funds|-|1,086| |Restricted|Funds|81,559|81,927| |Designated|Funds|90,675|90,000| |Unrestricted|Funds|149,584|130,956| |Total|charity funds|321,818|303,969|

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These financial statements were approved by the Parochial Church Council on 23rd April 2024, and are signed on their behalf by:

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ee
Jeremy Bowden The Rev'd Sandra Doore
Treasurer Team Vicar
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The Parochial Church Council of the Ecclesiastical Parish of Buxton with Burbage and King Sterndale

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023

1 General information

The Parochial Church Council of the Ecclesiastical Parish of Buxton is a charity controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.

The address of the administrative office is 29 Bath Road, Buxton SK17 6HJ.

The Parish includes the churches of St. John's, St. Mary's, St. Anne's, St. James, Christ Church Burbage and Christ Church King Sterndale.

The Charity is involved in the following activities: regular worship, pastoral work, prayer and the teaching of Christianity.

2 Accounting convention

The accounts have been prepared in accordance with the Charity's governing document, 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)” (as amended for accounting periods commencing from 1 January 2016). The Charity is a Public Benefit Entity as defined by FRS 102.

The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

3 Accounting policies

(a) Basis of preparation The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value.

(b) Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

(c) Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(d) Fund accounting Unrestricted funds are available for use at the discretion of the Trustees to further any of the Charity's purposes.

Designated funds are unrestricted funds earmarked by the Trustees for particular future projects or commitments.

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The Parochial Church Council of the Ecclesiastical Parish of Buxton with Burbage and King Sterndale

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023

(d) | Fund accounting (cont'd)

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. Endowment Funds are capital funds and may be either permanent or expendable (in which case the PCC can convert the capital to be used as income funds). The nature of each such fund is described in the accounts notes.

(e) Income

Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

(f) | Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

(g) | Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment 20% Straight line Church fixtures and fittings 25% Straight line Office equipment 20% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

(h) Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

14

The Parochial Church Council of the Ecclesiastical Parish of Buxton with Burbage and King Sterndale

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023

(i) Impairment of fixed assets At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

(j) | Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

(k) — Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities. Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or cancelled.

(I) | Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

15

The Parochial Church Council of the Ecclesiastical Parish of Buxton with Burbage and King Sterndale

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023

		Unrestric-	Designated	Restricted	Endowment	TOTAL	TOTAL
4	Incoming resources	ted funds	funds	funds	funds	2023	2022
		£	£	£	£	£	£
	(a) Voluntaryincome
	Planned giving	39,814	-	-	-	39,814	40,410
	Collections at services	21,162	-	-	-	21,162	19,296
	Grants	17,788	-	ー 1,000	-	18,788	19,020
	Other donations	7,281	-	4,630	-	11,911	12,603
	Legacies	800	-	500	-	1,300	-
	Gift Aid recovered	29,671	-	-	-	29,671	13,600
		116,516	-	6,130	-	122,646	104,929
	(b) Activities forgeneratingfunds
	Fundraising events	8,752	-	742	-	9,494	6,523
	Other	130	-	-	-	130	334
		8,882	-	742	-	9,624	6,857
	(c) Investmentincome
	Bank interest & dividends	7,661	-	-	-	7,661	2,349
		7,661	-	-	-	7,661	2,349
	(d) Church activities
	Feesforweddings andfunerals	36,078	(325)	-	-	35,753	24,051
	Hire and lettings	28,757	-	-	-	28,757	26,450
	Other	-	-	-	-	-	973
		64,835	(325)	-	-	64,510	51,474
5	Expenditure
	Church activities
	Common Fund Mission and charitable Clergy expenses Worship & service costs	細 80,356 4,365 3,537 2;995	- - - -	- 2,119 - -	- - - -	3 80,356 6,484 3,537 2,995	笠 48,918 2,463 878 1,968
	Music& organ	4,771	-	127	-	4,898	4,330
	Church running expenses	23,548	-	-	-	23,548	32,294
	Church maintenance	12,615	-	6,080	-	18,695	36,427
	Church Hall costs	4,694	-	-	-	4,694	7,707
	Staff costs	21,027	-	-	-	21,027	19,238
	Administrative costs	7,041	-	-	-	7,041	8,124
	Insurance	8,617	-	-	-	8,617	9,072
	Depreciation	4,911	-	-	-	4,911	4,911
	Accountancy & examination	1,674	-	-	-	1,674	3,500
		180,151	-	8,326	-	188,477	179,830

16

The Parochial Church Council of the Ecclesiastical Parish of Buxton with Burbage and King Sterndale

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023

6 Employees

The total staff costs and employees benefits for the reporting period are analysed as follows:

	2023	2022
Trustees salaries Staff salaries	£, 5,328 7,343	学 £ 13,546 2,963
Trustees pensions paid	241	727
Trustees expenses	3,537	2,002
	16,449	19,238

The average number of employees during the year was 2 (2022: 2)

No employee received employee benefits of more than £60,000 during the year (2022: 0)

7 Trustee remuneration and expenses

Remuneration of £5,328 (2022: £13,546) and pension contributions of £241 (2022: £727) were paid in respect of MrsJ Parker, a trustee solely for her work as the parish's administrator.

The Trustees Rev England, Rev Doore and Fr Radford-Powell were reimbursed a total of £3,537 for expenses in relation to their duties as clergy of the parish (2022: £2,002).

				Unrestric-
8	Netgains/(losses) on investments			ted funds	Total
				2023	2022
				£	£
	Revaluation of investments			3,174	(4,442)
9	Tangible fixed assets
		Plant&	© Church fix-	Office	TOTAL
		equipment	tures &	Equipment
			fittings
	Cost	£	£	£	£
	At 1January 2023	6,917	43,501	8,553	58,971
	At31December 2023	6,917	43,501	8,553	58,971
	Depreciation and impairment
	At 1January 2023	3,842	39,162	7,100	50,104
	Depreciation charged inthe year	1,156	2,594	1,161	4,911
	At 31 December2023	4,998	41,756	8,261	55,015
	Carried forward
	At 31 December 2023	1,919	1,745	292	3,956
	At31December2022	3,075	4,339	1,453	8,867

17

The Parochial Church Council of the Ecclesiastical Parish of Buxton with Burbage and King Sterndale

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023

10 Fixed Asset investments

10	Fixed Asset investments						Listed
							investments
	Cost or valuation						£
	At 1January 2023						33,474
	Valuation changes						3,174
	At 31 December 2023						36,648
	Carryingamount
	At 31December 2023						36,648
	At31 December 2022						33,474
11	Debtors and prepayments
		Unrestric-	Designated	Restricted	Endowment	TOTAL	TOTAL
		ted funds £	funds £	funds £	funds £	2023 £	勝 2022 £
	GiftAid recoverable	14,503	-	-	-	14,503	-
	Otherdebtors	7,583	-	ー 962	-	8,545	-
	Prepayments	7,584	-	-	-	7,584
		29,670	-	962	-	30,632	-
12	Cash at bank and in hand
		£	£	£	£	£	£
	Cash	104	-	-	-	104	104
	Bank current accounts	18,547	-	-	-	18,547	48,553
	Bank deposit accounts	64,392	90,675	81,721	-	236,788	223,354
		83,043	90,675	81,721	-	255,439	272,011
13 14	Creditors: amounts fallingdue Trade creditors Other creditors Analysis of charitable funds Endowmentfunds	窪 within one year 346 - 3,387 - 3,733 -		- 1,124 1,124	. - -	346 4,511 4,857	2,844 7,539 10,383

Endowment funds

Endowment funds represent assets which must be held permanently by the Charity. Income arising on the endowment funds can be used in accordance with the objects of the Charity and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund.

	Balance						Balance
	b/fwd	Receipts		Payments		Transfers	c/fwd
	£	£		£		£	£
St.John'sendowment	313		:		.	(313)		-
Burbage graveyardendowment	773		-		-	(773)		-
	1,086		:		-	(1,086)		:

In April 2024, because of the small value of the endowments, the PCC passed a resolution to transfer the endowments to restricted funds with effect from 31st December 2023, in accordance with the Charities Acts 2011, as amended.

18

The Parochial Church Council of the Ecclesiastical Parish of Buxton with Burbage and King Sterndale

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023

14 Analysis of charitable funds (cont'd)

Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

	Balance					Balance
	01.01.2023	Receipts	Payments	Transfers		31.12.2023
	£	£	£	£		£
StJohn's Music	545	-	(127)	313		731
St Anne's Fabric	1,194		(1,194)		-	-
Christ Church Burbage Fabric	1,427	晴 1,/12	(390)		-	棚 へ 2,749
StJames' Fabric	7,853	-	-		-	7,853
ChristChurch KingSterndale Fabric	6,549	500	(432)		-	6,617
Christ Church KingSterndale Youth Work	170	-	-		-	170
Outreach	356	-	(82)		-	274
World War	Commemoration	51	-	(51)		-
Burbage Graveyard	1,056	1,045	(1,802)	773		1,072
St Mary's - Nadin Bequest	62,726	-	(788)		-	61,938
Projects& Events	-	1,124	(386)		.	738
Specific Gifts	:	2,491	(3,074)		“	(583)
	81,927	6,872	(8,326)	1,086		81,559
Designated funds
The income funds ofthe charity include the following designated funds which have been					set	aside out of
unrestricted funds by the Trustees forspecific purposes:
	Balance					Balance
	01.01.2023	Receipts	Payments	Transfers		31.12.2023
	£	£	if	£		£
Church FabricRepair&Development	90,000	-	-		-	90,000
Rector's Discretionary	-	(325)	-	1,000		675
	90,000	(325)	-	1,000		90,675

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the Trustees for specific purposes:

Unrestricted funds

The income funds of the charity include the following unrestricted funds which are available for use at the discretion of the Trustees in furtherance fo their charitable objectives.

		Balance				Investment	Balance
		01.01.2023	Receipts	Payments	Transfers	gains	31.12.2023
		£	£	£	£	£	£
General	Fund	130,956	197,894	(181,440)	(1,000)	3,174	149,584

19

The Parochial Church Council of the Ecclesiastical Parish of Buxton with Burbage and King Sterndale

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023

15 Analysis of net assets between funds

	Unrestric-	Designated	Restricted	Endowment	TOTAL	TOTAL
	ted funds	funds	funds	funds	2023	2022
	£	£	£	£	£	£
Fund balances at 31 December
2023 are represented by:
Tangible assets	3,956	-	-	-	3,956	8,867
Investments	36,648	-	-	-	36,648	33,474
Current assets/(liabilities)	108,980	90,675	81,559	-	281,214	261,268
	149,584	90,675	81,559	-	321,818	303,609

16 Related party transactions

There were no related party transactions during the year (2022- none).

20