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2024-12-31-accounts

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 2024

Registered Charity No: 1128844

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

CONTENTS

Page
Trustees’ report 1 - 8
Independent Examiner’s report 9
Statement of Financial Activities 10
Balance Sheet 11
Notes to the financial statements 12 - 18

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

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

__________

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 and its 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. The PCC 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 and the Finance Committee have the authority to transact the business of the PCC between its meetings. Proposals, reports and minutes of their 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 specific people to handle any such concerns.

Trustees: The Parochial Church Council

Clergy

The Rev’d Liz England – Rector and Chair (until June 2024) The Rev’d David Mundy -- Interim Priest-in-Charge and Chair (from September 2024) The Rev’d Sandra Doore – Team Vicar Fr Nicholas Radford-Powell – Curate (until June 2024)

Churchwardens

Jean Luton (St John’s) Roger Beck (St John’s) Philip Leyland (St Anne’s) (until May 2024) Andrew Law (St Anne’s)

Jill Hulme (St Mary’s) (until May 2024) 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 2024

Deanery Synod Members

Kathryn Barton (until May 2024) Carolyn Fell

Marion Overton

PCC Secretary

Jennifer Parker (until May 2024) Sheila Morris (from May to October 2024)

Pamela Woodroffe (from October 2024)

Treasurer

Jeremy Bowden (until May 2024)

Mary Webb (from May 2024)

PCC Elected Members

Rebecca Backhouse Lorraine Marrow Linda Baldry Mary Matthews Philip Barton (from May 2024) Sheila Morris (from May 2024) Eric Butterley – Vice Chair Jennifer Parker Philip Cartledge (until October 2024) Hazel Shirt (from May 2024) Roman Gawel Jonathan Wallace Elizabeth Haggis Aileen Warneford – Safeguarding Officer Jill Hulme Pamela Woodroffe

Independent Examiner

Layton’s, Chartered Accountants 6 Manchester Road Buxton SK17 6SB

Principal Bankers

The Co-operative Bank Delf House, Southway Skelmersdale WN8 6WT

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, the Charity Commission’s guidance on public benefit has been taken into consideration, and particularly the supplementary guidance on charities for the advancement of religion. Church members are enabled to live out their faith as part of the parish community through:

To facilitate this work, it is important to maintain the fabric of the churches and administrative buildings in the parish.

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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 2024

Achievements and performance

2024 Overview of activities

The Parish

The Trustees – together with the volunteers and the staff of the parish – seek to bring the ‘good news’ of Jesus Christ to the diverse communities represented within the parish. A regular pattern of worship in different Anglican styles is offered on Sundays and on Wednesdays through five of the six churches which make up the parish. The newly-licensed interim Priest-in-Charge is working with the Worship Team to ensure that only authorised liturgy is used in the parish. These services are available to all, regardless of whether they live within the parish or are visiting. Services are also regularly offered in local care homes. In addition to these regular services our licensed ministers also conduct weddings (seven in 2024), baptisms (nine in 2024), and funerals (36 in 2024). Holy Communion is regularly offered to individuals who are no longer able to attend services in our churches.

The Trustees seek to encourage the individual churches to engage with the different communities within the parish. Examples of this engagement are outlined in the reports provided by each church but include:

The Trustees also seek to encourage the volunteers and staff of the parish to work with churches of other denominations in the parish to bring the ‘good news’ of Jesus Christ. Examples of ecumenical partnership include:

Following the publication of the Makin Report in November, the newly-licensed interim Priest-inCharge is supporting the PCC to ensure that the parish continues to be a 'safe place'. There is a good level of compliancy with the diocese’s Essential Safeguarding Requirements and the Trustees understand the need for these safeguards in the parish. Trustees have completed the appropriate safeguarding training and DBS checks have been renewed as required. The Safeguarding Dashboard is completed at the Parish Office.

St John’s

The Sung Eucharist services remain the focus for weekly worship in the church for which many thanks are due to the organists and the choir. When combined services are held elsewhere in the parish, St John’s remained open to welcome the town’s many visitors. As well as the special services held over the Christmas period, St John’s attracted nearly 700 people to the three masses held in

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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 2024

__________

conjunction with the Buxton International Festival, and over 300 to the Gilbert & Sulivan service during their festival. St John’s hosted a farewell Sung Eucharist for the curate, Father Nicholas and for the licensing of Rev‘d Dr David Mundy as the parish’s interim priest-in-charge. During the year there was one funeral, one wedding, a renewal of marriage vows, and two baptisms.

During the summer months the church continues to be used as venue by the Buxton International Festival with over 5000 people attending 26 concerts and was also used for the Gilbert & Sullivan festival’s fringe events. The Buxton Musical Society and other local groups use the church as a concert venue. Lettings such as these create a significant revenue stream for the parish and their continued success has prompted St John’s to start raising funds specifically to make improvements to the fabric of this historic building.

In September over 200 visitors from all over the UK and Europe visited St John’s as part of the national Heritage Open Days scheme. There were displays around the theme of Routes and Connections as well as several organ recitals.

Following a review of health and safety, improvements have been made to the lighting ensuring a safe experience for those attending the candle-lit services without detracting from the beauty of them in any way. Progress has also been made to address the long-standing Japanese knotweed in the churchyard.

St John’s Church had income of £57,228 (2023 £67,025) during the year, and direct expenditure of £18,451 (2023 £20,226), contributing £38,776 (2023 £46,799) to the shared costs of the parish.

St Anne’s

St Anne’s has a BCP Communion service on a Wednesday morning, at which all are welcome. There is a regular core congregation of about a dozen members. There were a single wedding and a single funeral during 2024.

St Anne’s Church had income of £5,863 (2023 £17,657) during the year, and direct expenditure of £1,429 (2023 £7,194), contributing £4,434 (2023 £10,464) to the shared costs of the parish.

St Mary’s

At an open meeting, the congregation chose ‘inclusive’ as the word to describe their worship style. It offers something for everyone, from the informal monthly Jigsaw Church service, led by congregation members, to all age communion services. During 2024, alongside the regular services, the church held a marriage blessing, two baptisms, a thanksgiving for the birth of a child, sixteen funerals/memorial services and five burials of ashes.

St Mary’s also held parish services for Ash Wednesday and All Souls. During Baby Loss Awareness Week in October, the church offered prayers and was illuminated with blue and pink lights to remember babies and their families across the Peak District. Working with the Buxton Pride team, St Mary’s hosted an annual parish event to mark international Transgender Day of Remembrance in November.

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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 2024

__________

The St Mary’s Committee plays a key role in caring for and developing our church, including planning events, outreach activity and maintenance.

The annual Garden Party in June raised £1400, and the church also welcomed performers from Buxton Festival Fringe. Letting out the church raised almost £900 towards church running costs and for a project to install kitchen facilities, a café area and new accessible toilets. A contractor has been appointed for this project, and work will be carried out during summer 2025. Key aims are to enable St Mary’s to become a community space and to open the church more often.

The St Mary’s Memorial Garden was expanded in autumn 2024 to accommodate the burial of ashes. The wildlife-friendly church grounds are a special place for local families, and the new paths have made the Memorial Garden more easily accessible.

St Mary’s Church had income of £30,425 (2023 £40,069) during the year, and direct expenditure of £8,460 (2023 £8,014), contributing £21,966 (2023 £32,055) to the shared costs of the parish.

Christ Church Burbage

Although there was a reduced number of services at the beginning of the year, since September these have been held every Sunday. The popular all-age Brekkie Church services are aimed at 2- to 11-year-olds with story, craft and, of course, breakfast. The church bells are rung each Sunday and teams of visiting bell ringers were hosted at various times. Twelve funerals were held during the year with three burials and nine interments of ashes in the churchyard. There was also a marriage and a baptism.

A Coffee and Chat morning is held each month; this coincides with a working party which maintains our extensive churchyard. Another small team cleans and look after the interior of the Church.

During February, the church was one of the venues for a spectacular video art projection show to mark the grand finale of the Buxton Our Street project. The annual Clypping service was held in August, a Remembrance service in November and at Christmas two local nurseries held carol concerts. The Christmas Eve crib service was very well attended . During the year several fundraising events were organised which were all well-supported by the wider local community.

Christ Church Burbage had income of £24,284 (2023 £37,693) during the year, and direct expenditure of £3,643 (2023 £6,909), contributing £20,641 (2023 £30,783) to the shared costs of the parish.

St James’ Harpur Hill

St James’ Church has suffered in recent years from damp and major structural problems and has been temporarily closed since 2022. Consultation with the community over its future is continuing.

St James’ Church had income of £293 (2023 £2,316) during the year, and direct expenditure of £768 (2023 £725), contributing -£475 (2023 £1,591) to the shared costs of the parish.

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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 2024

__________

Christ Church King Sterndale

The church is open daily during daylight hours for private prayer. The church and its graveyard are visited by numerous relatives and passers-by throughout the year. Comments in the visitor book reflect their appreciation that the church is open as a place of peace and tranquillity to gather their thoughts, and as a refuge from the weather. Throughout 2024 there were around two Sunday services a month with an average attendance of eleven. However, during the main feast days of the Church’s calendar the congregation can be double. This year we had four weddings; the size of the church and its location make it a most attractive venue.

As part of the church’s mission to the wider community the items donated for the harvest festival were given to the Buxton Zink food bank, and the Christmas service collection given to local charities. King Sterndale held a Remembrance service at our war memorial in the church grounds to remember the lives lost from the community and those who fought to protect our freedom. This year’s carol service welcomed the Side by Side singing café group and was thoroughly enjoyed by all.

Christ Church King Sterndale had income of £8,790 (2023 £,7315) during the year, and direct expenditure of £798 (2023 £1,612), contributing £7,992 (2023 £5,703) to the shared costs of the parish.

King Sterndale Hall

The hall and kitchen have recently been totally redecorated, partly funded by a generous private donation. The toilets and kitchen are open for each church service as well as for family gatherings after weddings, baptisms, funerals and the interment of ashes in the churchyard. It has also been used for a monthly children’s church activity

Regular users hiring the hall have included a Pilates group, local Young Farmers, brass bands and rehearsals for a youth theatre. The hall is used as a polling station and for civil parish meetings as well as for refreshments for numerous village gatherings and children’s parties.

During the year work took place to clarify the relationship between the PCC and the Hall Management Committee especially regarding managing the bank account and regularising the insurance cover.

King Sterndale Hall had income of £3,711 (2023 £1,823) during the year, and direct expenditure of £3,972 (2023 £1,093), contributing -£261 (2023 £730) to the shared costs of the parish.

Bath Road Centre

The Centre continues to be well used by many local groups; however, in 2024 there was slight drop in the income from lettings. We are very grateful to the parish administrators, Jennie Parker and Nicci Smith, who do an excellent job looking after the Centre, and to everyone who uses it.

The Bath Road Centre had income of £14,933 (2023 £15,754) during the year, and direct expenditure of £4,956 (2023 £13,256), contributing £9.978 (2023 £2,498) to the shared costs of the parish.

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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 2024

__________

Financial Review

Following the introduction of the new accounting system, 2024 was the first full year where the parish’s accounts have been maintained in-house. This has enabled the production of monthly management accounts on a timely basis.

During the year it emerged that the PCC’s accounts did not comply fully with the rules set by the Charity Commission, primarily regarding the treatment of restricted funds and the interest thereon. This explains why when comparing the figures for 2024 with those of the previous year, there are some significant differences. Further adjustments in 2025 may also be required after investigations have been completed. As these inconsistencies go back many years, maybe a decade or more, it has been decided not to adjust the prior years’ accounts.

This means, unfortunately, the parish is not in as strong a position as was reported last year. The key metric, the difference between day-to-day income and expenses, fell from a surplus of £18,628 in 2023 to a deficit of £33,192 in 2024. Total income for the parish (including restricted and designated funds) fell by £23,629 to £180,812.

At the end of 2024, total funds held by the parish were £283,370, a reduction during the year of £38,448. However, £166,978 of these funds were held in Restricted or Designated funds. The General Fund fell from £149,584 to £116,392; although this is serious, plans are being put in hand to address the situation and to ensure that we better cover our day-to-day running costs.

The following detailed points should be noted:

Incoming Resources

Giving by the congregation has fallen in both absolute and inflation adjusted values over the past three years. Planned Giving has fallen by almost £1000 since 2022; this is unsustainable as our running costs continue to increase.

The lower figure for Gift Aid recovered in 2024 of £10,707 reflects the fact that the 2023 figure of £29,671 included a backlog of claims from previous years.

During the year we received grants totalling £15,181, principally into restricted funds for the benefit of St Anne’s and Christ Church Burbage. St John’s has commenced fund raising towards improvements at this church, having raised £5,351 into this new restricted fund.

Effort has been made to move our funds into deposit accounts earning a higher rate of interest. Notwithstanding the reduction in balances, and a reduction in rates, interest received increased to £11,309 (2023: £7,661).

Income from lettings of the churches and the halls increased from £28,757 in 2023 to £34,023 in 2024 as we continue to ensure that hirers pay realistic charges. Income from fees for weddings and funerals fell from £35,753 in 2023 to £32,319 in 2024 reflecting a restriction of these to the statutory level.

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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 2024

__________

Resources Expended

The largest single expense is the payment towards the Common Fund. The amount requested by the diocese fell from £80,356 in 2023 to £77,249 in 2024. This amount is used towards the cost of our stipendiary clergy, their pensions and housing, as well as other central costs. The PCC has undertaken to pay these amounts in full, strategically important now the parish is in a period of interregnum.

Although the cost of normal repairs and the maintenance of our buildings is covered by the General Fund, in 2024 a total £31,726 from our Restricted and Discretionary funds was used to finance major works including improvements to St Mary’s memorial garden and new garage doors, Christ Church Burbage and St Anne’s paths and graveyards, and commencement of work in connection with the installation of a new kitchen at St Mary’s.

Insurance premiums increased from £8,617 in 2023 to £10,382. The parish is now fully covered for damage caused by theft of lead from roofs and has adequate cover for King Sterndale Hall. There was an increase in administration costs from £28,068 in 2023 to £34,498 in 2024. This is the result of salary increases and additional hours worked. Efforts continue to be made to control costs and to ensure that all expenses are properly authorised.

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. The agreed policy is to keep free reserves equating to approximately six months' ordinary expenditure, including full commitment to pay the Common Fund over the year. Where appropriate, the PCC will also consider the designation of funds for specific future fabric repairs and development. At current levels of activity, the aim is to retain a reserve in the region of £130,000. Total General Fund Reserves currently stand at £116,392, a shortfall of over £13,000.

Staff and 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, they all are working towards growing the kingdom of God in our community.

Much of the credit for installing the new accounting system is due to the previous treasurer, Jeremy Bowden, who resigned during the year having moved away from Buxton. At the APCM in May 2024 this role was taken by Mary Webb who had previously been providing book-keeping services. Mary has been supported by the parish’s finance committee comprising Philip Barton, Jill Hulme and Lorraine Marrow.

The continuing valued support of the individual church treasurers and churchwardens is recognised, and especially Jennie Parker and Nicci Smith, parish administrators. They continue to play a very

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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 2024

significant part in the smooth running of the parish. Invaluable help was also provided by the team that took responsibility for managing the VAT and Gift Aid recovery processes: Ian 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 the 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

__________

I 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 2024.

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).

I 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 I 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.

I 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.

I have completed my examination. I 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.

I 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.

Name: Robert Layton

Relevant Professional qualification or body: ICAEW Laytons Chartered Accountants

6 Manchester Road, Buxton, Derbyshire, SK17 9SB Date: 13 March 2025

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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 2024

Note
Incoming resources
Voluntary income
4a
Activities for generating funds
4b
Investment income
4c
Church activities
4d
Total receipts
Resources expended
Church activities
5
Raising funds
Total payments
Net incoming/(outgoing) resources
Revaluation gains/(losses) on investments
8
Transfers between funds
Net movement in funds
Funds at 31.12.2023
Funds at 31.12.2024		 Unrestric-
ted Funds
Designa-
ted Funds
Restricted
Funds
Total
2024
Total
2023
£
£
£
£
£
76,320
-
15,034
91,354
122,646
2,227
978
8,838
12,043
9,624
8,333
-
2,976
11,309
7,661
66,356
(250)
-
66,106
64,510
153,236
728
26,848
180,812
204,441
185,925
14,051
20,123
220,099
188,477
-
-
-
-
1,289
185,925
14,051
20,123
220,099
189,766
(32,689)
(13,323)
6,725
(39,287)
14,675
838
-
-
838
3,174
(31,851)
(13,323)
6,725
(38,449)
17,849
(1,341)
1,000
341
-
-
(33,192)
(12,323)
7,066
(38,449)
17,849
149,584
90,675
81,559
321,818
303,969
116,392
78,352
88,626
283,370
321,818

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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 2024

_________
Note
Fixed Assets
Tangible assets
9
Investments
10
Current Assets
Debtors & prepayments
11
Cash at bank and in hand
12
Current liabilities
Creditors
13
Net current assets
Total assets less current liabilities
Funds of the charity
14
Restricted Funds
Designated Funds
Unrestricted Funds
Total charity funds		 _______
£
£
£
£
-
3,956
37,486
36,648
37,486
40,604
19,363
30,632
228,852
255,439
248,215
286,071
(2,331)
(4,857)
245,884
281,214
283,370
321,818
88,626
81,559
78,352
90,675
116,392
149,584
283,370
321,818
2024
2023		 _______
£
£
£
£
-
3,956
37,486
36,648
37,486
40,604
19,363
30,632
228,852
255,439
248,215
286,071
(2,331)
(4,857)
245,884
281,214
283,370
321,818
88,626
81,559
78,352
90,675
116,392
149,584
283,370
321,818
2024
2023
321,818
81,559
90,675
149,584
321,818

These financial statements were approved by the Parochial Church Council on 29th April 2025, and are signed on their behalf by:

Mary Webb Treasurer

Rev'd Dr David Mundy Interim Priest-in-Charge

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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 2024

__________

1 General information

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

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal.

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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 2024

(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

(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.

(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.

13

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

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

(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.

(l) 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.

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 2024

4 Incoming resources
(a) Voluntary income
Planned giving
Collections at services
Grants
Other donations
Legacies
Gift Aid recovered
(b) Activities for generating funds
Fundraising events
Other
(c) Investment income
Bank interest & dividends
(d) Church activities
Fees for weddings and funerals
Hire and lettings
Other
5 Expenditure
Church activities
Common Fund
Mission and charitable
Clergy expenses
Worship & service costs
Music & organ
Church running expenses
Church maintenance
Church Hall costs
Staff costs
Administrative costs
Insurance
Depreciation & Write-offs
Accountancy & examination		 Unrestric-
ted funds
Designated
funds
Restricted
funds
TOTAL 2024
£
£
£
£
39,666
-
-
39,666
20,441
-
-
20,441
147
-
15,034
15,181
5,359
-
-
5,359
-
-
-
-
10,707
-
-
10,707
76,320
-
15,034
91,354
2,099
6,329
3,487
11,915
128
-
-
128
2,227
6,329
3,487
12,043
8,333
-
2,976
11,309
8,333
-
2,976
11,309
32,319
(250)
-
32,069
34,023
-
-
34,023
14
-
-
14
66,356
(250)
-
66,106
77,249
-
-
77,249
2,221
235
992
3,448
2,866
-
-
2,866
2,853
-
-
2,853
3,895
-
731
4,626
27,851
-
-
27,851
12,373
13,816
18,400
44,589
7,242
-
-
7,242
27,166
-
-
27,166
7,332
-
-
7,332
10,382
-
-
10,382
3,957
-
-
3,956
540
-
-
540
185,925
14,051
20,123
220,098		 TOTAL 2023
£
39,814
21,162
18,788
11,911
1,300
29,671
122,646
9,494
130
9,624
7,661
7,661
35,753
28,757
-
64,510
80,356
6,484
3,537
2,995
4,898
23,548
18,695
4,694
21,027
7,041
8,617
4,911
1,674
188,477

6 Employees

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

Trustee's salary
Other staff salaries
Trustee's pension paid		 2024
£
7,090
8,832
166
16,088		 2023
£
5,328
7,343
241
12,912

The average number of employees during the year was 2 (2023: 2)

No employee received employee benefits of more than £60,000 during the year (2023: 0)

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 2024

__________

7 Trustees' remuneration and expenses

Remuneration of £7,090 (2023: £5,328) and pension contributions of £166 (2023: £241) were paid in respect of Mrs J Parker, a trustee, solely for her work as a parish administrator. Fees of £7,473 (2023: NIL) were paid in respect of accounting services provided by Mrs M Webb, a trustee from June 2024.

The Trustees, Rev Mundy, Rev England, Rev Doore and Fr Radford-Powell were reimbursed a total of £2,865 for expenses in relation to their duties as clergy of the parish (2023: £3,357).

8 Net gains/(losses) on investments

Revaluation of investments

Unrestric-
ted funds Total
2024 2023
£ £
838 3,174

9 Tangible fixed assets

Cost
At 1 January 2024
At 31 December 2024
Depreciation and impairment
At 1 January 2024
Depreciation charged in the year
Additional amounts written-off
At 31 December 2024
Carried forward
At 31 December 2023
At 31 December 2024
At 31 December 2024		 Plant &
equipment
Church fix-
tures &
fittings
Office
Equipment
£
£
£
6,917
43,501
8,553
6,917
43,501
8,553
4,998
41,756
8,261
1,155
1,745
292
764
-
-
6,917
43,501
8,553
1,919
1,745
292
-
-
-		 TOTAL
£
58,971
58,971
55,015
3,192
764
58,971
3,956
-

10 Fixed Asset investments

Fixed Asset investments
Listed investments
Valuations £
At 1 January 2024 36,648
Valuation changes 838
At 31 December 2024 37,486

11 Debtors and prepayments

Gift Aid and GADS recoverable
Other debtors
Prepayments		 Unrestric-
ted funds
Designated
funds
Restricted
funds
TOTAL 2024
TOTAL 2023
£
£
£
£
£
10,908
-
-
10,908
14,503
7,145
1,045
56
8,246
8,545
209
-
-
209
7,584
18,262
1,045
56
19,363
30,632

GADS recoverable includes an unresolved claim for 2023 of £1,426 under dispute with HMRC.

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 2024

12 Bank accounts
Cash in hand
Bank current accounts
Bank deposit accounts
13 Creditors: amounts falling due within one year
Trade creditors
Other creditors		 Unrestric-
ted funds
Designated
funds
Restricted
funds
TOTAL 2024
£
£
£
£
104
-
-
104
38,058
-
-
38,058
24,604
82,811
83,275
190,690
62,766
82,811
83,275
228,852
£
£
£
£
923
-
300
1,223
1,038
70
-
1,108
1,961
70
300
2,331		 TOTAL 2023
£
104
18,547
236,788
255,439
£
346
4,511
4,857

14 Analysis of charitable funds

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.

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.

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:

St John's Music
St Anne's Fabric
Christ Church Burbage Fabric
St James' Fabric
Christ Church King Sterndale Fabric
Christ Church King Sterndale Youth Work
Outreach
Burbage Graveyard
St Mary's - Nadin Bequest
St John's Projects
Other Projects & Events
Specific Gifts		 Balance
01.01.2024
Receipts
Payments
Transfers
Balance
31.12.2024
£
£
£
£
£
731
(731)
-
-
-
6,875
(5,378)
-
1,497
2,750
6,875
(4,275)
-
5,350
7,853
-
(1,425)
-
6,428
6,617
-
(144)
-
6,473
170
-
-
-
170
274
-
(152)
-
122
1,072
1,779
(2,265)
-
586
61,938
2,635
(4,913)
341
60,000
-
5,351
-
-
5,351
738
2,750
(840)
-
2,648
(583)
583
-
-
-
81,559
26,848
(20,123)
341
88,626

Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds

Church Fabric Repair & Development
Rector's Discretionary
Christ Church Burbage Graveyard		 Balance
01.01.2024
Receipts
Payments
Transfers
£
£
£
£
90,000
-
(13,816)
-
675
(250)
(235)
1,000
-
978
-
-
90,675
728
(14,051)
1,000		 Balance
31.12.2024
£
76,184
1,190
978
78,352

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 2024

__________

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.

General Fund
2023
2024		 Balance
1 Jan
Receipts
£
£
130,956
197,894		 Payments
Transfers
Investment
gains
Balance
31 Dec
£
£
£
£
(181,440)
(1.000)
3,174
149,584
149,584
153,236
(185,925)
(1,341)
838
116,392

15 Analysis of net assets between funds

Fund balances at 31 December
are represented by:
Tangible assets
Investments
Current assets/(liabilities)		 Unrestric-
ted funds
Designated
funds
Restricted
funds
TOTAL 2024
TOTAL 2023
£
£
£
£
£
-
-
-
-
3,956
37,486
-
-
37,486
36,648
78,906
78,352
88,626
245,884
281,214
116,392
78,352
88,626
283,370
321,818

16 Related party transactions

There were no related party transactions during the year (2023 - none).

18