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2023-12-31-accounts

Annual Report and Financial Statements for the Year Ended 31 December 2023

The Parochial Church Council Of The Ecclesiastical Parish Of Uxbridge

Charity registration number: 1128875

Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF

‘

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF UXBRIDGE

CONTENTS

Reference and Administrative Details 1to2
PCC members' Report 3 to5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 to 22
The following pages do not form part of the statutory financial statements: 23 to 26
St Margaret's Income and expenditure account 23
St Margaret's Balance Sheet 24
St Andrew's Income and expenditure account 25
StAndrew'sBalanceSheet 26

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF UXBRIDGE

REFERENCE AND ADMINISTRATIVE DETAILS

PCC members

The Revd. Canon Andrew Studdert-Kennedy The Revd. Tim Atkins The Revd. John Jenkins The Revd. Tina Rapson Jackie Woodruff Amin Amin Julie Churchyard Rodney Cottrell Carol Connolly Debbie Botes Sally Clargo Percival Botes Anne Atkins Mick Benner (resigned 14 May 2023) Lara Seymour Kevin Ogilvie The Revd. Canon Andy Thompson The Revd. Erica Wilding (resigned 21 May 2023) Jackie Westbrook Alessandra Bazzo Mark Skinner Sue Frankel (resigned 14 May 2023) Edna Ifeagwu-Onwaka (appointed 14 May 2023) Helen Ogilvie (appointed 14 May 2023) The Revd. Caroline Reed (appointed 2 July 2023) Barry Hancock

Page l

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF UXBRIDGE

REFERENCE AND ADMINISTRATIVE DETAILS (CONTINUED)

Charity Registration 1128875 Number

Principal Office The Parish Office, St Margaret's Church Windsor Street Uxbridge Middlesex UB8 1AB Independent Examiner G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF Bankers HSBC PO Box 41 High Street Uxbridge Middlesex UB8 1BY Natwest Bank Plc 227-228 Intu Shopping Centre High Street Uxbridge Middlesex UB8 1LA CAF Bank 25 Kings Hill Avenue Kings Hill West Malling ‘ Kent ME19 4JQ

Page 2

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF UXBRIDGE

PCC MEMBERS' REPORT

The PCC members present the annual report together with the financial statements of the charity for the year ended 31 December 2023.

Objectives and activities

Objects and aims

The principal object of the charity is the advancement of the Christian faith.

Uxbridge PCC has the responsibility of promoting the whole mission of the church, pastoral, evangelistic, social and ecumenical through the two Churches in the Parish, St Andrew's and St Margaret's. The two Churches are working to the vision statement: to see people’s lives transformed in Uxbridge through knowing God’s love and living Christ’s way.

Public benefit The PCC members confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Achievements and performance

Review of activities

The Churches have had a successful year, with the various sections of the Churches continuing to provide a good service to all their members, despite the Coronavirus pandemic. The Church services have been well attended and good contacts made with people in the local community. Online provision introduced while the church buildings were closed in 2020 continues. Members of the PCC are either ex officio or elected at the Annual Parochial Church Meeting in accordance with the Church Representation Rules : Incumbent Revd. Canon Andrew Studdert-Kennedy Vicar at St Margaret’s Revd. Canon Andy Thompson Curates Revd. John Jenkins, Revd. Tina Rapson, Revd. Tim Atkins, Revd. Caroline Reed (from 2 July 2023), Revd. Erica Wilding (resigned 21 May 2023) Parish Youth Worker Alessandra Bazzo Churchwardens Percy Botes, Rod Cottrell, Jackie Woodruff, Amin Amin

Page 3

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF UXBRIDGE

PCC MEMBERS' REPORT (CONTINUED)

Financial review

Policy on reserves

It is the PCC policy to maintain a balance on free reserves to cover the major financial risks. This is equivalent to £77,000. It is held to smooth out fluctuations in cash flow and to meet emergencies. The balance of the free reserves at the year end is in excess of this target.

Plans for future periods

Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.

Structure, governance and management

Nature of governing document

The Parish of Uxbridge was a charity excepted from registration with the Charity Commission as it is a parish church under the jurisdiction of the Church of England. It was registered as an independent charity on 30 March 2009 and given the Number 1128875.

There are two churches within the Parish, St Andrew's and St Margaret's.

Recruitment and appointment of PCC members

The management of the charity is the responsibility of the PCC members who are elected and co-opted in accordance with the Church Representation rules.

Organisational structure

The Church is a well established church and is a Parish of the Church of England and generally follows their structure and management. The PCC Members are responsible for the operating of the Church and the Minister and Assistant Ministers are responsible for the spiritual growth of the Church. The principal risk areas to which the Parish is subject have been reviewed and the position is closely monitored. Risk management The trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Safeguarding

The PCC has complied with section 5 of the Safeguarding and Clergy Measure 2016 and adopted the safeguarding poilcies issued by the House of Bishops.

Page 4

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF UXBRIDGE

PCC MEMBERS' REPORT (CONTINUED)

Statement of Responsibilities

The PCC members are responsible for preparing the PCC members' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the PCC members to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the PCC members are required to:

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

The annual report was approved by the PCC members of the charity on 24 April 2024 and signed on its behalf by:

4 og The Revd. Canon Andrew Studdert-Kennedy Julie Churchyard Trustee Trustee

Page 5

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF UXBRIDGE

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF UXBRIDGE

I report to the PCC members on my examination of the accounts of The Parochial Church Council Of The Ecclesiastical Parish Of Uxbridge for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity PCC members of The Parochial Church Council Of The Ecclesiastical Parish Of Uxbridge you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the The Parochial Church Council Of The Ecclesiastical Parish Of Uxbridge's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since The Parochial Church Council Of The Ecclesiastical Parish Of Uxbridge's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Chartered Institute of Management Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no material 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 Parochial Church Council Of The Ecclesiastical Parish Of Uxbridge as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting 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 accounts to be reached.

IndependentExaminersGW bi ga Ltd

24 April 2024

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF UXBRIDGE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

UnrestrictedRestricted UnrestrictedRestricted Endowment Total Total
funds funds funds 2023 2022
Note £ £ £ £ £
Income and Endowments from:
Donations and
legacies 2 176,724 - ~ 176,724 186,216
Other trading
activities 3 94,764 - 14,005 108,769 89,651
Investment
income 4 25,102 3,718 28,285 57,105 53,369
Other income 5 1,967 - - 1,967 -
Total income 298,557 3,718 42,290 344,565 329,236
Expenditure on:
Charitable
activities 6 432,563 - - 432,563 358,801
Total expenditure 432,563 - - 432,563 358,801
Gains/losses on
investment assets 66,653 7,371 84,842 158,866 (225,293)
Net
(expenditure)/income (67,353) 11,089 127,132 70,868 (254,858)
Gross transfers
between funds 508,268 - (508,268) - -
Net movement in
funds 440,915 11,089 (381,136) 70,868 (254,858)
Reconciliation of funds
Total funds
brought forward 486,973 122,215 1,852,818 2,462,006 2,716,864
Total funds
carriedforward 14 927,888 133,304 1,471,682 2,532,874 2,462,006

The notes on pages 9 to 22 form an integral part of these financial statements. Page 7

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF UXBRIDGE

BALANCE SHEET AS AT 31 DECEMBER 2023

2023 2022
Note £ E
Fixed assets
Tangible assets 10 487,263 484,887
487,263 484,887
Current assets
Debtors 11 31,880 26,335
Investments 12 1,847,425 1,688,559
Cash at bank and in hand 276,563 314,584
2,155,868 2,029,478
Creditors: Amounts falling due within one year 13 (110,257) (52,359)
Net current assets 2,045,611 1,977,119
Net assets 2,532,874 2,462,006
Funds of the charity:
Endowment funds 1,471,682 1,852,818
Restricted income funds
Restricted funds 133,304 122,215
Unrestricted income funds
Unrestricted funds 927,888 486,973
Totalfunds 14 2,532,874 2,462,006

The financial statements on pages 7 to 22 were approved by the PCC members, and authorised for issue on 24 April 2024 and signed on their behalf by:

The Revd. Canon Andrew Studdert-Kennedy Julie Churchyard Trustee Trustee

The notes on pages 9 to 22 form an integral part of these financial statements. Page 8

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF UXBRIDGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

The Parochial Church Council Of The Ecclesiastical Parish Of Uxbridge meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

Going concern

The PCC members consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Investment income

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF UXBRIDGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED)

Other income

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them,

Grant provisions

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

Tangible fixed assets

Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

No depreciation is provided on freehold property as it is the PCC's policy to maintain these assets in a continual state of sound repair. The useful economic life of these assets is so long and residual values so high that any depreciation would not be material. These assets are subject to annual impairment reviews. Provision will be made if there has been any permanent diminution in value.

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate Freehold property Not material Furniture and equipment 25% on cost

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF UXBRIDGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Liabilities

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Fund structure

Unrestricted income funds are general funds that are available for use at the PCC members' discretion in furtherance of the objectives of the charity. Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF UXBRIDGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED)

2 Income from donations and legacies

Unrestricted funds Unrestricted funds Total Total
Designated General 2023 2022
£ £ £ £
Donations and legacies;
Donations - 128,689 128,689 154,626
Legacies 19,088 1,000 20,088 1,000
Gift aid reclaimed - 27,147 27,147 27,949
Grants, including capital
grants;
Grants - 800 800 2,641
19,088 157,636 176,724 186,216
3 Income from other trading activities
Unrestricted
funds Endowment Total Total
General funds funds 2022
£ £ £ £
Trading income;
Other trading income 94,764 14,005 108,769 89,651
94,764 14,005 108,769 89,651

4 Investment income

Unrestricted funds Unrestricted funds RestrictedEndowment RestrictedEndowment Total Total
Designated General funds funds 2023 2022
£ £ £ £ £ £
Income from
dividends;
Dividends
andinterest 12,212 12,890 3,718 28,285 57,105 53,369

5 Other income

Unrestricted
funds Total Total
General 2023 2022
£ £ E
Other income 1,967 1,967

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF UXBRIDGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED)

6 Expenditure on charitable activities

Unrestricted funds Unrestricted funds Total Total
Designated General 2023 2022
Note £ £ £ £
Common fund - 132,520 132,520 131,584
Ministry costs L27 8,366 8,493 6,355
Parish expenses - 21,767 21,767 32,629
Computing - 316 316 955
Consumables - 1,626 1,626 961
Miscellaneous - 1,211 1,211 2,915
Utilities - 52,199 52,199 21,210
Insurance - 11,664 11,664 10,856
Repairs and
maintenance - 94,244 94,244 52,349
Equipment - 3,438 3,438 2,917
Telephone - 4,387 4,387 3,549
Printing, post and
stationery - 1,614 1,614 1,103
Bank charges -
.		 TAS 115 120
Independent
examination - 3,840 3,840 3,840
Depreciation,
amortisation and
other similar costs 792 - 792 -
Grant funding of
activities - 4,658 4,658 1,937
Staff costs 9 - 89,679 89,679 85,521
919 431,644 432,563 358,801
7 Grant funding
Unrestricted
funds
General		 Total
2023		 Total
2022
£ £ £
Grants to institutions 4,658 4,658 1,937
4,658 4,658 1,937

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF UXBRIDGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED)

8 PCC members remuneration and expenses

During the year, one or more PCC members has been paid remuneration or has received other benefits from an employment with the charity. The trustees received their remuneration for their roles within the church working among children and young people, not in their role as trustee.

During the year the charity made the following transactions with PCC members:

Alessandra Bazzo

Alessandra Bazzo received remuneration of £31,685 (2022: £13,851).

During the year, expenses totalling £4,410 were reimbursed or paid directly to 8 PCC members (2022 - £9,883 to 11 PCC members).

No trustees have received any other benefits from the charity during the year.

Donations made by the PCC members without any conditions attached totalled £24,020 for the year (2022 - £28,387).

9 Staff costs

The aggregate payroll costs were as follows:

----- Start of picture text -----
2023 2022
£ £
Staff costs during the year were:
Wages and salaries 89,679 85,521
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The number of people (including senior management team) employed by the charity during the year was as follows:

Employees

----- Start of picture text -----
2023 2022
No No
8 9
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No employee received emoluments of more than £60,000 in either year.

The clergy are not employed by the Parish but are considered to be Office Holders. The payment of their stipends and related costs is facilitated by the national church. The Parish makes a contribution towards these costs through the Diocese of London Common Fund which amounted to £132,520 (2022 - £131,584),

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF UXBRIDGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED)

10 Tangible fixed assets

10 Tangible fixed assets
Furniture
Land and and
buildings equipment Total
£ £ £
Cost
At 1 January 2023 484,887 - 484,887
Additions - 3,168 3,168
At 31 December 2023 484,887 3,168 488,055
Depreciation
Charge for the year - 792 792
At 31 December 2023 - 792 792
Net book value
At 31 December 2023 484,887 2,376 _487,263
At 31 December 2022 484,887 - _484,887
11 Debtors
2023 2022
£ E
Trade debtors 18,070 12,058
Accrued income 2 A/2 7,000
Other debtors 11,638 Vu2r7
31,880 26,335
12 Current asset investments
2023 2022
£ £
Unlisted investments 1,847,425 1,688,559
13 Creditors: amounts falling due within one year
2023 2022
£ £
Other creditors 35,243 31,529
Accruals 75,014 20,830
110,257 52,399

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF UXBRIDGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED)

14 Funds

Balance at
Balance at Other 31
1 January Incoming Resources recognised December
Summaryoffunds - current year 2023
£		 resources
£		 expended
£		 Transfers
£		 gains/(losses)
E		 2023
£
Unrestricted funds
General 483,102 267,257 (431,644) 111,364 28,269 458,348
Designated 3,871 31,300 (919) 396,904 38,384 469,540
Total unrestricted funds 486,973 298,557 (432,563) 508,268 66,653 927,888
Restricted funds 122,215 3,718 - - 7371 133,304
Endowment funds 1,852,818 42,290 ‘ (508,268) 84,842 _ 1,471,682
Totalfunds 2,462,006 344,565 (432,563) - 158,866 2,532,874

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF UXBRIDGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED)

Balance at
Balance at Other 31
1 January Incoming Resources recognised December
2023 resources expended Transfers gains/(losses) 2023
Statement offunds - current year £ £ £ £ £ £
Unrestricted funds
General
General Funds 483,102 267,257 (431,644) 111,364 28,269 458,348
Designated
Designated Funds 3,871 11 (919) 127 - 3,090
St Peter's Investment Fund - 12,201 - 395,777 38,384 446,362
Legacy Fund - 19,088 - = = 19,088
Eco Church Fund - - - 1,000 2 1,000
3,871 31,300 (919) 396,904 38,384 469,540
Total unrestricted funds 486,973 298,557 (432,563) 508,268 66,653 927,888
Restricted funds
Bell Fund 1,009 32 = - z 1,041
Hilton Sunday School 243 - - - - 243
Harman's Gift Fund 25,052 814 - 926 - 26,792
Father Home Memorial Fund 15,741 521 - 1,417 = 17,679
Rector's Discretionary Fund 608 7 - - - 615
BellRingers’Guild 576 - - - = 576

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF UXBRIDGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED)

Balance at
Balance at Other 31
1 January Incoming Resources recognised December
2023 resources expended Transfers gains/(losses) 2023
Statement offunds - current year £ £ £ £ £ £
Windsor Street Jubilee Party 301 - - - - 301
Combined Harman's Gift Fund 30,951 926 - (926) 2,912 33,863
Spark Fund 336 - - - - 336
Father Home Memorial Fund 2 47,398 1,418 = (1,417) 4,459 51,858
122,215 3,718 - - 7,371 133,304
Endowment funds
St Peter's Investment 407,978 = = (407,978) i =
St Peter's House 359,950 14,005 - (14,005) - 359,950
84 Harefield Road 124,937 - - - - 124,937
Caroline Trevor Deposit 58,181 L317 - (59,317) 7 181
Caroline Trevor Investments 901,772 26,968 - (26,968) 84,842 986,614
1,852,818 42,290 - (508,268) 84,842 1,471,682
Totalfunds 2,462,006 344,565 (432,563) = 158,866 2,932,874

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF UXBRIDGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED)

Balance at
Balance at Other 31
1 January Incoming Resources recognised December
2022 resources expended Transfers gains/(losses) 2022
Summary offunds - prior year £ £ £ £ £ £
Unrestricted funds
General 555,624 259,223 (351,498) 59,841 (40,088) 483,102
Designated 3,866 6,515 (7,303) 793 - 3,871
Total unrestricted funds 559,490 265,738 (358,801) 60,634 (40,088) 486,973
Restricted funds 76,083 2,864 2 53,722 (10,454) 122,215
Endowment funds 2,081,291 60,634 - (114,356) (174,751) 1,852,818
Totalfunds 2,716,864 329,236 (358,801) = (225,293) 2,462,006

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF UXBRIDGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED)

Balance at
Balance at Other 31
1 January Incoming Resources recognised December
Statenient oftunds~prioryear a —— —_— en gains/dion a
Unrestricted funds
General
General Funds 555,624 259,223 (351,498) 59,841 (40,088) 483,102
Designated
Designated Funds 3,866 5 (793) 793 = 3,871
Heaters Fund - 6,510 (6,510) - - a
3,866 6,515 (7,303) 793 - 3,871
Total unrestricted funds 559,490 265,738 (358,801) 60,634 (40,088) 486,973
Restricted funds
Bell Fund 996 13 - - - 1,009
Hilton Sunday School 243 - - - - 243
Harman's Gift Fund 23,810 321 - 921 - 25,052
Father Home Memorial Fund 14,133 198 - 1,410 - 15,741
Rector's Discretionary Fund 607 id - - - 608
Bell Ringers’ Guild 576 = z = 576
Windsor Street Jubilee Party 301 - - - - 301
CombinedHarman'sGiftFund 35,081 921 - (921) (4,130) 30,951

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF UXBRIDGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED)

Balance at
Balance at Other 31
1 January Incoming Resources recognised December
SEntenentBrMAGs~prieryesr — ae tai antin a gains/ee a
Spark Fund 336 - - = = 336
Father Home Memorial Fund 2 - 1,410 = 52 ale (6,324) 47,398
Total restricted funds 76,083 2,864 S 53,722 (10,454) 122,215
Endowment funds
St Peter's Investment 462,412 12,134 = (12,134) (54,434) 407,978
St Peter's House 359,950 16,321 - (16,321) ; 359,950
84 Harefield Road 124,937 4,597 - (4,597) - 124,937
Caroline Trevor Deposit 58,181 762 - (762) - 58,181
Caroline Trevor Investments 1,022,089 26,820 - (26,820) (120,317) 901,772
Father Home Memorial Fund 53,722 - > (53,722) = =
Total endowment funds 2,081,291 60,634 - (114,356) (174,751) 1,852,818
Totalfunds 2,716,864 329,236 (358,801) - (225,293) 2,462,006

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF UXBRIDGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED)

15 Analysis of net assets between funds

Total
funds at
31
Unrestricted funds Restricted Endowment December
General Designated funds funds 2023
£ £ £ £ £
Tangible fixed assets 2,376 - 484,887 487,263
Current assets 566,229 469,540 133,304 986,795 2,155,868
Current liabilities (110,257) - - - (110,257)
Total net assets 458,348 469,540 133,304 1,471,682 2,532,874
Total
funds at
31
Unrestricted funds Restricted Endowment December
General Designated funds funds 2022
FS £ £ £ £
Tangible fixed assets - - - 484,887 484,887
Current assets 535,461 3,871 122,215 1,367,931 2,029,478
Current liabilities (52,359) - - - (52,359)
Totalnetassets 483,102 3,871 122,215 1,852,818 2,462,006

Page 22

THE PAROCHIAL CHURCH OF THE ECCLESIASTICAL PARISH OF UXBRIDGE

ST MARGARET'S: INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2023

General
Funds		 Designated
Funds		 Restricted
Funds		 Endowment
Funds		 Total
2023		 Total
2022
£ £ £ £ £ £
INCOMING RESOURCES
Donations
Stewardship Giving 75,822 75,822 102,814
General Collections 10,893 10,893 7,720
Donations
Tax refunds		 5,114
16,708		 5,114
16,708		 2,351
20,508
Grants 800 800 0
Legacies 1,000 1000 1,000
110,337 : - : 110,337 134,393
Activities for generating funds
Room Hire 663 663 250
Rent received 3,440 9,337 12,777 17,358
Fees 366 366 478
Miscellaneous income 558 558 386
Bellringers' income for year :
5,027 - Ld 9,337 14,364 18,472
Investment Income
Interest and Dividends 12,881 3,685 28,285 44,851 41,213
12,881 = 3,685 28,285 44,851 41,213
Other Incoming Resources
St Andrew's contribution to Parish Costs 20,918 20,918 24,679
20,918 : - : 20,918 24,679
Total incoming resources 149,163 - 3,685 37,622 190,470 218,757
RESOURCES EXPENDED
Grants payable - institutional
Tithes 1,308 1,308 759
Donations out 2,084 2,084 1,178
3,392 - - : 3,392 1,937
Direct costs of charitable activities
Salaries - Worship 16,569 16,569 14,765
Salaries - Youth and children 29,242 29,242 30,882
Alpha 0 0 170
Cleaning 5,225 5,225 4,809
Clergy expenses 2,026 2,026 1,595
Common fund 72,520 72,520 71,584
Computing
Consumables
Flowers		 316
1,626
95		 316
1,626
95		 955
961
45
Footprints 100 100 101
Home groups 0 0 95
Organist 90 90 90
Other music 1,801 1,801 1,396
Parish shared expenses 10,958 10,958 22,585
St Margaret's Parish expenses 2,459 2,459 3,758
Pastoral care 216 216 234
Rector's discretion 600 600 100
Sacristry 371 371 180
Sunday School and Messy Church 410 410 611
Tracts 300 300 294
Youth work 3,224 3,224 2,268
Publicity 935 935 509
149,083 : - : 149,083 157,987
Support costs
Administrators’ salaries 28,917 28,917 28,489
Electricity 3,105 3,105 3,412
Equipment 3,438 3,438 2,917
Gas 5,591 5,591 5,979
Insurance 5,939 5,939 5,637
Repairs and maintenance 22,976 22,976 15,285
Repairs to Lantern Window and Bell Tower 38,143 38,143 3,274
Kitchen refurbishment 0 ie} 14,730
Repairs to stonework 4,445 4,445 4,196
Water
Stationery		 1,686
478		 1,686
478		 1,461
395
Telephone 4,387 4,387 3,549
Bank charges 115 115 120
Photocopying 1,121 1,121 690
Postage 15 15 18
Upkeep of houses 939 939 1,153
Depreciation of equipment 0 792 792 0
121,295 792 - : 122,087 91,305
Governance costs - Other
Independent examiner's fees 3,840 3,840 3,840
3,840 = = . 3,840 3,840
Total resources expended 277,610 792 - - 278,402 255,069
Net income/ (deficit) (128,447) (792) 3,685 37,622 (87,932) (36,312)
Unrealised gains/(losses) on investments 28,268 7,371 ok 84,842 120,481 (170,858)
Transfers between funds 95,622 (95,622) - -
Netmovementinfundsfortheyear (4,557) (792) 11,056 26,842 32,549 (207,170)

Page 23

THE PAROCHIAL CHURCH OF THE ECCLESIASTICAL PARISH OF UXBRIDGE

ST MARGARET'S: BALANCE SHEET AS AT 31 DECEMBER 2023

2023 2022
£ £
FIXED ASSETS
Freehold property
84 Harefield Road 124,937 124,937
St Peter's House 239,967 239,967
364,904 364,904
Equipment 2,376 zu
367,280 364,904
CURRENT ASSETS
Cash at bank and in hand
Bank Current Account - NatWest = =
Bank Deposit account - NatWest 12,153 38,084
Bank account - CAF 10,842 23,409
Bank Caroline Trevor Trust 180 58,180
Bank Discretionary deposit fund 117,569 86,189
Bank Harman's Gift fund 26,791 25,052
Bank Father Home Memorial Fund 17,679 15,741
Bank Rector's discretionary fund 616 608
Bank Legacy fund 23,772 14,226
Cash in hand 290 303
Bank Bellringers' Guild 576 576
Windsor St Jubilee Party 301 301
210,769 262,669
Investment accounts
Caroline Trevor investment a/c 986,614 901,772
Harman's Gift investment a/c 33,863 30,951
Father Home Mem Fund inv a/c 51,857 47,397
Legacy Fund inv a/c 328,729 300,460
1,401,063 1,280,580
Debtors and prepayments
Debtors 18,070 12,058
Amount due from St Andrew's 16,414 25,086
34,484 37,144
Total current assets 1,646,316 1,580,393
CURRENT LIABILITIES
Creditors and accrued charges
Accruals 58,582 20,830
Other creditors 2,404
Amount due to St Andrew's 480 6,199
Clergy House redecoration 1,000 1,000
Tithe account 27,364 26,056
Young Persons Mission Fund 4,475 4,475
(94,305) (58,560)
Net assets 1,919,291 1,886,737
FUNDS
General funds 433,174 437,726
Designated funds 2,736 3,528
Restricted funds 131,682 120,626
Endowment funds 1,351,699 1,324,857
1,919,291 1,886,737

Page 24

THE PAROCHIAL CHURCH OF THE ECCLESIASTICAL PARISH OF UXBRIDGE

ST ANDREW'S: INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2023

General Designated Restricted Endowment Total Total
Funds Funds Funds Funds 2023 2022
£ £ £ E £ F3
INCOMING RESOURCES
Donations
Covenants and Pledged Donations 26,800 26,800 29,036
Donations 6,838 6,838 10,965
Tax refunds 10,440 10,440 7,441
Loose plate 3,004 3,004 1,741
Occasional service collection 218 218 -
Legacies 19,088 19,088 -
47,300 19,088 : : 66,388 49,183
Activities for generating funds
Car park income 19,110 19,110 19,320
Charity income - 653
Grants - 2,641
Telecommunication income 40,846 40,846 19,192
Rent received 4,668 4,668 5,441
Hall income 22,319 22,319 18,195
VAT reclaimed 1,967 1,967 -
Miscellaneous income 230 230 281
PCC fees 1,383 1,383 2,248
St Peter's income 5,850 5,850 5,850
91,705 - - 4,668 96,373 73,821
Investment Income
Interest and Dividends S 12,212 32 12,253 12,154
9 12,212 32 - 12,253 12,154
Total incoming resources 139,014 31,300 32 4,668 175,014 135,158
RESOURCES EXPENDED
Grants payable - institutional
Charity payments 1,266 1,266 :
1,266 - - : 1,266 -
Direct costs of charitable activities
Wages - Organist and Choir 5,952 5,952 3,393
Wages - Cleaning 3,774 3,774 3,182
Common fund 60,000 60,000 60,000
Clergy expenses 1,934 1,934 919
Emily Green expenditure 127 127 793
Joint parish expenses 20,603 20,603 25,850
Education & training 773 773 -
Miscellaneous 1,213 1,213 2,646
Organ and clock 2,466 2,466 1,078
Musical instruments, etc 669 669 .
Upkeep of services - sacristy 1,022 1,022 993
98,406 127 = - 98,533 98,854
Support costs
Hall expenses 8,892 8,892 917
Insurance 5,724 5,724 5,219
Major repair work 8,258 8,258 -
Minor work & maintenance 7,975 7,975 12,796
Car park expenses
Utilities		 -
41,817		 -
41,817		 269
10,357
Admin costs 2,615 2,615 -
75,281 - - : 75,281 29,558
Total resources expended 174,953 127 - - 175,080 128,412
Net income/(deficit) (35,939) 31,173 32 4,668 (66) 6,746
Realised & unrealised gains/(losses) on
investments 38,384 38,384 (54,434)
Transfers between funds 15,742 396,905 (412,647) - -
Netmovementinfundsfortheyear (20,197) 466,462 32 (407,979) 38,318 (47,688)

Page 25

THE PAROCHIAL CHURCH OF THE ECCLESIASTICAL PARISH OF UXBRIDGE

ST ANDREW'S: BALANCE SHEET AS AT 31 DECEMBER 2023

2023 2022 £ £

FIXED ASSETS
Freehold property
St Peter's House 119,983 119,983
CURRENT ASSETS
Cash at bank and in hand
Bank current account 63,730 50,052
Bank Soup Kitchen account 14 14
Bank Bell Fund deposit 1,041 1,008
Bank Emily Green deposit 184 179
Bank Fabric Fund deposit 170 165
Bank Hilton Sunday School Bequest 243 243
Bank St John's Hall Trust 201 195
Bank St Peter's deposit 60 58
Petty cash 150 :
65,793 51,914
Investment accounts
St Peter's investment a/c 446,363 407,979
446,363 407,979
Debtors and prepayments
Tax refund due 2122 7,000
Other debtors 11,638 7,276
St Margaret's 480 6,199
14,290 20,475
Total current assets 526,446 480,368
CURRENT LIABILITIES
Creditors and accrued charges
Accruals 16,433 -
Amount due to St Margarets 16,414 25,086
32,847 25,086
Net assets 613,582 575,265
FUNDS
General funds 25,175 45,372
Designated funds 466,805 344
Restricted funds 1,619 1,587
Endowment funds 119,983 527,962
613,582 575,265

Page 26