OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-12-31-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 2025

Registered Charity No: 1128844

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

CONTENTS

----- Start of picture text -----
Page
Trustees’ report 1 - 9
Independent Examiner’s report 10
Statement of Financial Activities 11
Balance Sheet 12
Notes to the financial statements 13 - 19
----- End of picture text -----

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

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

_________

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 subcommittees 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 David Mundy -- Interim Priest-in-Charge and Chair (until 31[st] July 2025) The Rev’d Sandra Doore – Team Vicar

Churchwardens

Jean Luton (St John’s) Roger Beck (St John’s) (until 29[th] April 2025) Andrew Law (St Anne’s) (until 29[th] April 2025)

Margaret Davies (Christ Church, Burbage) Paul Taylor (Christ Church, King Sterndale)

1

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

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

Deanery Synod Members Marion Overton

Carolyn Fell

PCC Secretary Pamela Woodroffe

Treasurer

Mary Webb

PCC Elected Members

Rebecca Backhouse Linda Baldry (until 29[th] April 2025) Philip Barton Eric Butterley – Vice Chair (Acting Chair from 1[st] August 2025) Roman Gawel Carol Gratton (from 29[th] April 2025) Elizabeth Haggis

Jill Hulme Lorraine Marrow Mary Matthews Sheila Morris Hazel Shirt Jonathan Wallace (until 29[th] April 2025) Aileen Warneford – Safeguarding Officer 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 as to 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.

2

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

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

Achievements and performance

2025 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. 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 conducted seven weddings, seven baptisms, and forty-two funeral and memorial services. Holy Communion is regularly offered to individuals who are no longer able to attend services in our churches.

The interim Priest-in-Charge retired in July 2025, and the Parish went into interregnum. Following completion of a Parish Profile, the process of recruiting a new Rector was put in hand.

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:

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.

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.

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 were held elsewhere in the parish, St John’s remained open to welcome the town’s many visitors.

3

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

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

__________ As well as the special services held over the Christmas period, St John’s attracted nearly 700 people to the three masses held in conjunction with the Buxton International Festival, and over 300 to the Gilbert & Sulivan service during their festival. The latter was live streamed around the world. During the year there were two baptisms, one wedding, four funerals and two memorial services.

During the summer months the church continues to be used as venue by the Buxton International Festival with over 5000 people attending 28 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 continue to raise funds specifically to make improvements to the fabric of this historic building. During the year several of the historic stainedglass windows were professionally cleaned.

In September over 200 visitors from all over the UK and around the globe visited St John’s as part of the national Heritage Open Days scheme. There were displays around the theme of architecture 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 £73,150 (2024 £57,228) during the year, and direct expenditure of £19,363 (2024 £18,451), contributing £53,787 (2024 £38,776) to the shared costs of the parish.

St Anne’s

St Anne’s has a Book of Common Prayer communion service on a Wednesday morning, at which all are welcome. There is a regular core congregation of about a dozen members. During the year, the organ previously installed at St James’ Harpur Hill was relocated to St Anne’s; a rededication service was held in October. There were two funerals and one interment of ashes during 2025.

St Anne’s Church had income of £6,104 (2024 £5,863) during the year, and direct expenditure of £2,838 (2024 £1,429), contributing £3,266 (2024 £4,434) to the shared costs of the parish.

St Mary’s

2025 has been a transformational year for the church building, with completion of a long-planned project to install two new toilets plus a kitchen and servery area. The aim is to offer not just better facilities for those attending services or events, but also to make the church a more welcoming space and to increase community use.

Everyone at St Mary’s is very grateful to the late Joseph Derek Nadin whose generous legacy provided the initial funding for the work. Thanks also go to the Bingham Trust, Raymond Ross Fund

4

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

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

__________ and many individual donors. The Autumn Fair at the end of October raised £1,012 towards the project, and lettings during the Buxton Festival Fringe and throughout the year also contributed.

The new facilities, which include an accessible toilet, have enabled a positive new community initiative to begin. In November 2025, a parish Welcome Group was launched, supported by a Warm Spaces grant. Held on the first and third Wednesday of each month from 2-4pm, it offers a range of activities and a chance to chat over refreshments to anyone from the local area who would like to attend.

Services at St Mary’s also offer something for everyone, from the informal monthly Jigsaw church service, led by congregation members, to all-age communion services. During 2025, alongside the regular services, the church held three baptisms, two weddings, thirteen funerals and three interments of ashes.

The parish services for Ash Wednesday and All Souls were held at St Mary’s. Working with the Buxton Pride team, the church also hosted an annual parish event to mark international Transgender Day of Remembrance in November. The popular Folk Carols returned in December after a break and raised £230 for the Zink foodbank.

The St Mary’s Committee plays a key role in caring for and developing the church, including planning events, outreach activity and maintenance. Sincere thanks go to everyone who has shared their time, skill and resources to support the mission of St Mary’s throughout 2025.

St Mary’s Church had income of £29,551 (2024 £30,425) during the year, and direct expenditure of £9,584 (2024 £8,460), contributing £19,966 (2024 £21,966) to the shared costs of the parish.

Christ Church, Burbage

The regular pattern of services is three Common Worship Holy Communion and one Brekkie service each month. These services are heavenly reliant on the generosity of our retired clergy and lay readers, for which we are very grateful. During the year we had one baptism, three marriages, eighteen funerals and twelve interments of ashes.

We are the only church in Buxton to have a bell ringing team and the bells are rung each Sunday morning and on various other occasions. Visiting teams of bell ringers have also been hosted. A coffee and chat morning is held each month; this coincides with the working party which maintains our extensive churchyard. Another small team cleans and looks after the interior of the church.

In addition to our spring and Christmas coffee mornings at the Burbage Institute, we held our everpopular snowdrop tea and a V E Day celebration in the church. These events were well supported by the wider Burbage community. The annual Clypping service in August and the Remembrance service in November were both supported by the award-winning Burbage Band.

At Christmas, both local nurseries held carol concerts, and Burbage primary school held two Christingle services with parents and grandparents packing the church. Prior to Christmas the Burbage W I and the church held an afternoon of carols and songs. On Christmas Eve, the Burbage handbell ringers treated us to a great selection of Christmas carols; this was followed by the crib

5

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

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

service which was very well attended - a wonderful start to our Christmas celebrations.

Christ Church Burbage had income of £26,008 (2024 £24,284) during the year, and direct expenditure of £7,765 (2023 £3,643), contributing £18,333 (2024 £20,641) 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 closed since 2022. During the year the Diocese commenced the process to enable the church to be closed permanently.

St James’ Church had income of £627 (2024 £293) during the year, and direct expenditure of £37 (2024 £768), contributing £590 (2024 -£475) to the shared costs of the parish.

Christ Church King Sterndale

The church is open daily during daylight hours for private prayer. Throughout 2025 we have held two Sunday services a month; our average attendance has returned to twelve. We have eleven people on the electoral roll. In addition to our Sunday service, we have had one wedding, one baptism, three funeral services and three burials.

On Easter Sunday the congregation was double our usual Sunday service number; this gives some indication of the potential number of people we could attract. Since the retirement of the interim priest-in-charge we have had the pleasure of welcoming several visiting priests and the Archdeacon to conduct a wedding and Eucharist services. Instead of the auction of produce at our Harvest Festival, items donated were sent to the Zink food bank. King Sterndale held a Remembrance service at our war memorial in the church grounds. The carol service was attended by the Side by Side singing café group who thoroughly enjoyed their welcome. A collection at this service contributed towards the parish’s Christmas charity donation. On Christmas Day the churchwarden led a short carols and prayer service.

Christ Church King Sterndale had income of £6,482 (2024 £8,790) during the year, and direct expenditure of £1,340 (2024 £798), contributing £5,142 (2024 £7,992) to the shared costs of the parish.

King Sterndale Hall

The hall is open for each Sunday service, for use of the toilet facilities and the kitchen. It has been used for family gatherings when there have been weddings, baptisms, funerals and interment of ashes in the churchyard and has also been hired for funeral wakes and baptism celebrations.

Regular users have included the local Pilates group, children’s birthday parties, civil parish meetings, Caravan Club socials, and use as a polling station. Young Farmers use the hall for dance, speech and

6

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

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

drama rehearsals when preparing for their YF annual regional and national competitions as do local brass bands. PB Theatricals Youth Theatre used the hall for rehearsing their Gilbert & Sullivan productions.

King Sterndale Hall had income of £2,465 (2024 £3,711) during the year, and direct expenditure of £2,054 (2023 £3,972), increasing their designated fund by £411. (2023 -£261 to the shared costs of the parish).

Bath Road Centre

The Centre continues to be well used by many local groups and in 2025 there was a slight increase 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 £15,517 (2024 £14,933) during the year, and direct expenditure of £4,788 (2024 £4,956), contributing £10,730 (2024 £9,978) to the shared costs of the parish.

Financial Review

During 2024 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. After in-depth analysis by the treasurer and the interim priest-in-charge further significant adjustments were made during 2025.

Over the past two years £54,733 of general fund reserves have been transferred to designated and restricted funds. These transfers, an adjustment downwards our 2023 GADS income, together with deficits of £32,689 in 2024 and £21,118 in 2025 have resulted in a reduction in the balance of the general fund from £149,584 at the end of 2023 to just £40,451 at the end of 2025. It is now believed that all adjustments relating to previous years’ figures have been made.

The key metric, the difference between day-to-day income and expenses, “improved” from a deficit of £33,192 in 2024 to a deficit of £21,118 in 2025. However, this is not a satisfactory situation, and we must seek ways to increase our general fund income, principally by encouraging the congregation to increase their giving and by raising our lettings income. Total incoming resources for the parish (including grants and donations to restricted and designated funds) increased from £180,812 in 2024 to £215,116 in 2025.

At the end of 2025, total funds held by the parish were £218,527, a reduction during the year of £38,448. Using restricted funds from a legacy, grants and fundraising towards the £71,880 spent during the year on the new kitchen and other improvements at St Mary’s was a significant factor here.

In common with many other charities and churches, 91% of the parish’s deposit accounts are held with CCLA, the manager originally set up by the Church of England to allow church organisations to pool their funds with the aim to improve efficiency and service. As these accounts are an

7

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

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

unregulated collective investment scheme, our deposits totalling £116,501 are not covered by the Financial Services Compensation Scheme which normally protects bank deposits up to £120,000.

An investment in CCLA’s COIF Charities Investment Fund which aims to provide a return of CPI plus 4% has recorded a loss of £1,541 (-4%) in 2025 at a time when the market benchmark was an increase of 14.4%. CCLA has recorded its frustration at this extremely disappointing investment performance.

Around a third of the parish’s assets is held in restricted funds which can be used only for the purpose for which they were given, generally for the maintenance of specified buildings and graveyards:

Christ Church King Sterndale £38,747
Christ Church Burbage £15,718
St Anne’s £5,984
St James’s £5,815
St Mary’s £1,678
General purposes £22
TOTAL £67,964

This reclassification has meant that it has been possible for the designated fabric fund to be subsumed into a new designated general parish reserve.

The following detailed points should also be noted:

Incoming Resources

After having fallen for each of the previous three years, planned giving increased by 9% in 2025 and cash collections increased by 12%. Although this improvement is welcomed, after adjusting for inflation, total giving has still reduced in real terms over the past four years.

During the year we received grants and donations totalling £26,000, principally into restricted funds for the benefit of St Anne’s and Christ Church Burbage, together with further contributions towards the new kitchen at St Mary’s. A legacy of £1,236 was left to Christ Church King Sterndale. St John’s raised £6,201 during the year; this, together with the balance of a previously restricted fund, means that there is now £8,803 held in a new designated fund towards planned improvements at this church.

Lower deposit balances together with reductions in interest rates accounted for a fall in interest received from £11,309 in 2024 to £8,9255 in 2025; £3,169 of this has now been allocated to the appropriate restricted funds.

Income from lettings of the churches and the church centre increased from a total of £34,023 in 2024 to £37,160 in 2025 with a further £2,465 from King Sterndale Hall now being accounted for in a new designated fund rather than within the general funds of the parish. Income from fees for weddings and funerals increased from £32,069 in 2024 to £40,470 in 2025, reflecting increases in these activities.

8

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

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

__________

Resources Expended

The largest single expense is the payment towards the Common Fund. The amount requested by the Diocese increased from £77,249 in 2024 to £79,566 in 2025. This amount is used towards the cost of our complement of stipendiary clergy, their pensions and housing, as well as other central costs. The PCC undertook to pay the amounts requested in full, strategically important whilst the parish remains in a period of interregnum.

The amount spent on maintaining and improving buildings and graveyards increased from £44,589 in 2024 to £94,499 in 2025. Over 90% of this amount was covered by restricted and designated funds, principally the new kitchen and other improvements at St Mary’s.

There was an increase in administration costs from £34,498 in 2024 to £38,863 in 2025. 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, together with full commitment to pay the Common Fund over the year. At current levels of activity, the aim was to retain a reserve in the region of £134,000. At the end of 2025, the total of the general fund and the parish reserve stood at £128,937, a shortfall of over £5,000.

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.

The treasurer, Mary Webb, has been supported by the finance committee comprising Philip Barton, Maggie Davies, Jill Hulme, Jean Luton and Lorraine Marrow. The continuing valued support of the individual church treasurers and churchwardens is recognised. Invaluable help was provided by Ian Armett and Robin Cundill who took responsibility for managing the VAT and Gift Aid recovery processes. The parish administrators, Jennie Parker and Nicci Smith, continue to play a very significant part in the smooth running of the parish.

9

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 2025.

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: 05 March 2026

10

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

STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2025

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
2023 Adjustment
14c
Funds at 1st January
Funds at 31st December		 Unrestric-
ted Funds
Designa-
ted Funds
Restricted
Funds
Total
2025
£
£
£
£
83,828
1,870
33,175
118,873
-
4,388
2,815
7,203
5,756
-
3,169
8,925
77,650
2,465
-
80,115
167,234
8,723
39,159
215,116
188,352
9,135
79,526
277,013
-
-
-
-
188,352
9,135
79,526
277,013
(21,118)
(412)
(40,367)
(61,897)
(1,514)
(1,514)
(21,118)
(1,926)
(40,367)
(63,411)
(53,392)
33,686
19,706
-
(74,510)
31,760
(20,661)
(63,411)
(1,431)
-
-
(1,431)
116,392
78,352
88,626
283,370
40,451
110,112
67,964
218,527		 Total
2024
£
91,354
12,043
11,309
66,106
180,812
220,099
-
220,099
(39,287)
838
(38,449)
-
(38,449)
-
321,818
283,370

11

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

BALANCE SHEET

AS AT 31 DECEMBER 2025

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
Restricted Funds
14a
Designated Funds
14b
Unrestricted Funds
14c
Total charity funds		 £
£
£
£
-
-
35,972
37,486
37,486
5,371
19,363
180,275
228,852
185,646
248,215
(3,091)
(2,331)
182,555
245,884
218,527
283,370
67,964
88,626
110,112
78,352
40,451
116,392
218,527
283,370
2025
2024		 £
£
£
£
-
-
35,972
37,486
37,486
5,371
19,363
180,275
228,852
185,646
248,215
(3,091)
(2,331)
182,555
245,884
218,527
283,370
67,964
88,626
110,112
78,352
40,451
116,392
218,527
283,370
2025
2024
283,370
88,626
78,352
116,392
283,370

These financial statements were approved by the Parochial Church Council on 28th April 2026, and are signed on their behalf by:

Mary Webb Treasurer

Eric Butterley Vice Chairman

12

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

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2025

__________

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.

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 2025

__________

(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

(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 repor�ng date. Changes in fair value are recognised in net income/ (expenditure) for the year. Transac�on 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.

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 2025

(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.

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 2025

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
Total Incoming Resouces
5 Expenditure
Church activities
Common Fund
Mission and charitable
Clergy expenses
Worship & service costs
Music & organ
Church running expenses
Church buildings & maintenance
Church Hall costs
Staff costs
Administrative costs
Insurance
Depreciation & Write-offs
Accountancy & examination
Total Expenditure		 Unrestric-
ted funds
Designated
funds
Restricted
funds
TOTAL 2025
£
£
£
£
43,125
-
-
43,125
22,327
-
-
22,327
-
-
8,631
8,631
4,739
1,870
23,308
29,917
-
-
1,236
1,236
13,637
-
-
13,637
83,828
1,870
33,175
118,873
-
4,388
2,815
7,203
-
-
-
-
-
4,388
2,815
7,203
5,756
-
3,169
8,925
5,756
-
3,169
8,925
40,470
-
-
40,470
37,160
2,465
39,625
20
-
-
20
77,650
2,465
-
80,115
167,234
8,723
39,159
215,116
79,566
-
-
79,566
985
88
710
1,783
3,050
-
-
3,050
1,675
-
-
1,675
3,756
-
1,225
4,981
36,614
-
-
36,614
7,861
9,047
77,591
94,499
4,788
-
-
4,788
31,395
-
-
31,395
7,468
-
-
7,468
10,655
-
-
10,655
0
-
-
-
540
-
-
540
-
188,352
9,135
79,526
277,013		 TOTAL 2024
£
39,666
20,441
15,181
5,359
-
10,707
91,354
11,915
128
12,043
11,309
11,309
32,069
34,023
14
66,106
180,812
77,249
3,448
2,866
2,853
4,626
27,851
44,589
7,242
27,166
7,332
10,382
3,956
540
220,098

6 Employees

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

Staff salaries
Pension contributions paid		 2025
£
17,052
253
17,305		 2024
£
15,922
166
16,088

The average number of employees during the year was 2 (2024: 2)

No employee received employee benefits of more than £60,000 during the year (2024: 0)

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 2025

__________

7 Trustees' remuneration and expenses

Fees of £14,342 (2024: £7,473) were paid in respect of accounting services provided by Mrs M Webb.

The Trustees, Rev Mundy and Rev Doore, were reimbursed a total of £3,050 for expenses in relation to their duties as clergy of the parish (2024: £2,865).

8 Net gains/(losses) on investments
Revaluation of investments
9 Tangible fixed assets
Cost
At 1 January 2025
At 31 December 2025
Depreciation and impairment
At 1 January 2025
Depreciation charged in the year
At 31 December 2025
Carried forward
At 31 December 2024
At 31 December 2025
10 Valuations
At 1 January 2025
Valuation changes
At 31 December 2025		 Plant &
equipment
Church fix-
tures &
fittings
£
£
-
-		 Designated
funds
2025
£
(1,514)
Office
Equipment
£
-
-
-
-
-
-
-		 Unrestricted
funds
2024
£
838
TOTAL
£
-
-
-		 -
-
-
-
-		 -
-
-
-		 -
-
-		 -
-
-		 -
£
37,486
(1,514)
35,972

In May 2025 the COIF Investment Fund was transferred from the General Fund (unrestricted) to the Parish Reserve (designated)

11 Debtors and prepayments

Gift Aid and GADS recoverable
Other debtors
Prepayments		 Unrestric-
Designated Restricted TOTAL 2025
£
£
£
£
876
-
-
876
3,663
-
623
4,286
209
-
-
209
4,748
-
623
5,371		 TOTAL 2024
£
10,908
8,246
209
19,363

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 2025

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 2025
£
£
£
£
-
-
-
-
33,233
10,578
8,915
52,726
5,562
63,562
58,425
127,549
38,795
74,140
67,340
180,275
£
£
£
£
2,311
-
-
2,311
780
-
-
780
3,091
-
-
3,091		 TOTAL 2024
£
104
38,058
190,690
228,852
£
1,223
1,108
2,331

14 Analysis of charitable funds

(a) 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 Anne's Fabric
St Anne's Dobie
St Anne's Gift
Christ Church Burbage Fabric
Christ Church Burbage Dobie
Christ Church Burbage Graveyard
St James' Fabric
Christ Church King Sterndale Fabric
Christ Church King Sterndale Youth Work
Christ Church King Sterndale Dagger Legacy
Christ Church King Sterndale Hackney Legacy
Christ Church King Sterndale Sellers Legacy
Christ Church King Sterndale Pickford Legacy
Christ Church King Sterndale Diocese of Derby Grant
Christ Church King Sterndale Churchyard Maintenanc
St Mary's - Nadin Bequest
St Mary's Kitchen
St Mary's Welcome Group
St John's Music Fund
St John's Window Project
Outreach
Snailblazers
Other Projects & Events		 01.01.2025
Receipts
Payments
Transfers
£
£
£
£
1,497
-
-
(1,497)
-
6,966
(2,979)
1,497
-
500
-
-
5,350
29
-
(2,900)
-
6,966
-
2,900
586
4,184
(811)
(586)
6,428
2,095
(2,708)
-
6,473
445
-
-
170
-
-
-
1,236
-
-
-
-
10,000
-
247
-
10,000
-
167
-
9,005
-
780
-
-
e
-
247
(23)
-
60,000
2,479
(62,473)
-
-
8,780
(8,407)
465
-
1,000
(216)
50
-
1,225
(1,225)
-
5,351
1,813
(190)
(6,974)
122
-
(50)
(50)
-
-
(444)
444
2,648
-
-
(2,648)
88,626
39,159
(79,526)
19,706		 31.12.2025
£
-
5,484
500
2,479
9,866
3,373
5,815
6,918
170
1,236
10,000
10,247
9,172
780
224
6
838
834
-
-
22
-
-
67,964

(b) Designated funds

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:

Parish Reserve
Church Fabric Repair & Development
Rector's Discretionary
Christ Church Burbage Graveyard
St John's Projects
St Mary's Kitchen
King Sterndale Hall		 Investment
01.01.2025
Receipts
Payments
Transfers
loss
31.12.2025
£
£
£
£
£
£
-
-
-
90,000
(1,514)
88,486
76,184
-
-
(76,184)
-
-
1,190
-
(88)
-
-
1,102
978
1,870
(3,434)
586
-
-
-
4,389
(2,560)
6,974
-
8,803
-
-
(1,000)
1,000
-
-
-
2,465
(2,054)
11,310
-
11,721
78,352
8,724
(9,136)
33,686
(1,514)
110,112

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 2025

(c) 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
General Fund 1 Jan Receipts Payments Transfers gain 31 Dec
£ £ £ £ £ £
2024 149,584 153,236 (185,925) (1,341) 838 116,392
2025 114,961 167,234 (188,352) (53,392) - 40,451

Note: Balance at 01.01.2025 has been adjusted to reflect £1,431 GADS claim in 2023 rejected by HMRC

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 2025
£
£
£
£
-
-
-
-
-
35,972
-
35,972
40,451
74,140
67,964
182,555
40,451
110,112
67,964
218,527		 TOTAL 2024
£
-
37,486
245,884
283,370

16 Related party transactions

There were no related party transactions during the year (2024 - none).

19