## **Registered Charity Number 1128971**
**The Parocochial Church Council Of The Ecclesiastical Parish Of High Wycombe St Andrew Hatters Lane, High Wycombe, Bucks, HP13 7NJ**
**Annual Report and Financial Statements of the Parochial Church Council**
## **For the year ended 31 December 2023**
## **Incumbent:**
Rev Simon Dust
## **Bank:**
Co-Operative Bank P O Box 250 Skelmersdale WN8 6WT
## **Examiner:**
Stewardship 1 Lamb's Passage London EC1Y 8AB
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HIGH WYCOMBE ST ANDREW**
## **CONTENTS OF THE ANNUAL REPORT AND FINANCIAL STATEMENTS**
## **for the year ended 31 December 2023**
||Pages|
|---|---|
|Report of the Trustees|1 to 6|
|Independent Examiner's Report|7|
|Statement of Financial Activities|8|
|Balance Sheet|9|
|Cash Flow Statement|10|
|Notes to the Financial Statements|11 to 20|
**St. Andrew's Church - High Wycombe Report of the Trustees For the Year Ended 31st December 2023**
Page 1
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
St Andrew's Parochial Church Council (PCC) has responsibility with the Team Vicar, the Revd Simon Dust for promoting the whole mission of the church within and beyond the parish of St Andrew's, part of the Team Ministry of High Wycombe.
The PCC is also responsible for the church complex and former vicarage, sited at the junction of Windrush Drive and Hatters Lane.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The PCC is committed to enabling all people to worship at the church and to become part of the worshipping community at St Andrew’s. The PCC maintains an overview of worship throughout the parish and makes suggestions on how services can involve the many groups that live within the parish. The services and worship put faith into practice through prayer and scripture, music and teaching.
St Andrew’s aim is to serve and better our local community. As can be seen in our Charitable Work description, we are engaging with hundreds of local families on a weekly basis, and supporting large numbers of our elderly population through the lunch club, visiting and holding services at 8 local Sheltered Accommodation Residences and Care Homes.
## **Significant plans for the future**
St Andrew’s is continuing to outwork the vision we have to be God’s transforming presence for High Wycombe and beyond. Becoming a Resource Church in 2020 in partnership with the Oxford Diocese and the Church Commissioners has meant the appointment of new staff to enable this vision to become a reality. We are looking to develop the support for other churches to reach out and begin new congregations and missional opportunities through a variety of means. We are in the early stages of helping to revitalise St Mark’s Church, Bourne End and help to bring about something new in this church and community.
We have a vision to reach out to the next generation and we have a number of community initiatives for children and young people that are developing.
Following a successful pilot, we have developed three new Missional Communities across the church to help us reach out in mission, build deeper community, and grow disciples of Jesus.
We have also decided to begin the Nexus Building Project. Despite some delays around financing and planning, we hope to begin work in 2024 to better equip our church building to support the vision we have as outlined above.
## **Public benefit**
When planning activities for the year, the vicar and the PCC consider the Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. Emphasis is given to enable ordinary people to live out their faith as part of the parish community.
**St. Andrew's Church - High Wycombe Report of the Trustees (continued) For the Year Ended 31st December 2023**
Page 2
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
With a vision for reaching the next generation with the Good News of Jesus Christ, we are really pleased to have a strong team of leaders and paid staff. Despite losing our Youth Pastor in September 2023, we now have a new Youth Pastor who began work in January 2024. Our community groups - working with the elderly at lunch club, and the younger families at Starlight and Family Support Group - continues to develop and grow. The wider community groups for youth and children are working in partnership with Eastside Youth Centre and local schools.
One major development over this last year has been the Well. The Well is a counselling service in High Wycombe offering help and support to individuals experiencing a range of problems such as anxiety, depression, inability to cope, relationship issues, bereavement and more. This service is provided at an extremely low cost to allow those struggling financially to access the support. With concerns over mental health following the effects of the pandemic, we have been pleased with the growth of Renew space for both adults and young people. This is a place where it is ‘ok to not be ok’ and is reaching out across our community.
## **Church Electoral Roll / Average Sunday Attendance**
At the APCM held on 7th May 2023, 183 names appeared on the Electoral Roll (an increase of 6 on 2022). An average of 158 people (127 adults, 51 children / young people) worshipped at St Andrew's on Sundays in October 2023 (an increase of 6 on 2022). This does not include weekday attendances.
## **Volunteers**
We have a large number of volunteers at St Andrew’s who serve at different times throughout the week, in many different ways. We have recognised the loss of a number of our core volunteers as they moved away due to work or life stage. We have been actively encouraging everyone in the church to use their gifts and skills to serve others in some way. At our services on a Sunday morning we have people who help serve coffee, welcome people, assist with groups for kids and young people, play in the worship band, operate the tech equipment, and pray for people. Much of our community work relies on people who support our groups with cooking, child care, lifts etc. We also have people who volunteer on an ad-hoc basis as a need arises. People assist with gardening, decorating, cooking meals, admin and giving lifts to appointments/hospital etc.
## **FINANCIAL REVIEW**
## **Financial position**
This year's total income of £493k was very similar to 2022's total income of £491k, though within that there were a number of changes. Unrestricted income towards the day to day running of the church dropped to £290k from £353k in 2023 mainly due to last year including a large legacy of £52k, but also as a result of lower one off giving (£10k drop). Restricted income grew by £65k, from £138k to £203k. The largest increase in restricted income was from grants £73k (2022: £30k), with additional grants for Nexus, as well as Youth & Community work. Additionally activities within the church life expanded with events, along with church and community group income growing by a combined £14k, and restricted interest grew by £18k as a result of higher interest rates.
**St. Andrew's Church - High Wycombe Report of the Trustees (continued) For the Year Ended 31st December 2023**
Page 3
## **Financial position cont.**
Within expenditure, there was a £48k increase in restricted expenditure with the largest increase being in Nexus costs which rose by £27k as additional professional costs were incurred in finalising the design and preparing for the tender exercise. Additionally events and running costs for the various community focused groups that run throughout the week increased by £9k in line with income. Costs associated with the day to day running of the church dropped by £8k, mainly due to people costs falling by £10k as a result of vacancies. Mainly as a result of the legacy in the prior year, the unrestricted surplus dropped from £58k in 2022 to £3k. This, together with a surplus on the restricted funds of £66k, lead to an overall surplus of £69k. This surplus reflects the continued build up of funds for the Nexus project (which had a surplus of £43k in the year), along with £17k of Gift Day giving which is being paid out in 2024.
## **Principal funding sources**
Voluntary income from our church members and adherents continue to be our principal source of funding income.
|In addition, we received grants and legacies totalling £73k in the year, for the following purposes:|In addition, we received grants and legacies totalling £73k in the year, for the following purposes:|
|---|---|
|Funding for Associate Minister as part of our Resource Church|£22,045|
|Lunch Club|£3,000|
|FSG salary for 2023/24|£7,500|
|Noise|£2,000|
|Christmas Day Lunch|£413|
|Lunch Club Salary|£1,500|
|Pastoral salary & Facebook posts|£2,940|
|Renew & Counselling room hire|£2,970|
|Nexus|£22,600|
|Children's - Puppets for Roadshow into schools|£1,612|
|Children's - Mentoring in schools|£2,400|
|Youth Club - Catalyst|£4,000|
## **Reserves policy**
The PCC has maintained its reserves policy with the aim of holding in unrestricted income reserves the equivalent of six months running costs to maintain the smooth running of the church and to ensure it is able to fully meet its commitments. This also reflects St Andrew's Resource Church status and the resulting need to be able to support future planting and regeneration projects. The appropriate level is currently considered to be around £150k. As at 31 December 2023, unrestricted revenue reserves of £132k were held. The PCC will therefore aim to build reserves up over a period of time where this is possible. The reserves policy is reviewed annually by the PCC.
## **Going concern**
St. Andrew's Church has significant development plans for 2024 for which additional funds are being raised. Although the current economic conditions are particularly difficult for charities there are no indications that St. Andrew's Church will not continue in operational existence for at least one year from the date of approval of the accounts. Therefore on the basis of the current financial position and cash flow projections for 12 months from the date these accounts are signed, the going concern basis continues to be appropriate.
**St. Andrew's Church - High Wycombe Report of the Trustees (continued) For the Year Ended 31st December 2023**
Page 4
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is a registered charity, number 1128971 The PCC is governed under the PCC Powers Measure (1956) as amended and the Church Representation Rules.
## **Organisational structure**
Members of the PCC are either ex-officio or elected at the Annual Parochial Church Meeting (APCM).
At the APCM held on 7th May 2023, Mr R Rayner was elected as a Deanery Synod member, Mr K Charles was elected as a PCC member, and Mr J Jones and Mr J Chambers were co-opted onto the PCC . Each new member of the PCC receives a publication ‘A Guide to St Andrew’s PCC’ outlining how the PCC works and their individual role and responsibilities as a trustee.
## **Decision making**
The PCC met bi-monthly during the year.
The church leadership structure is overseen by 'domains' (e.g. worship, pastoral, outreach) with each domain leader appointed by the PCC. A finance working group, building working group and Global mission team work to support the work of the PCC. The Strategy group continues to help to outwork the vision of the church with the PCC and Leadership Team. We meet annually for a ‘Day Away’ for long term review and planning together with the Leadership Team and Strategy Group.
## **Key management remuneration**
No members of the key management received remuneration of £60,000 or above in the year. The church wardens meet annually to review our staff remuneration. These calculations are based on a number of factors including reference to the National Living Wage and benchmarking for a number of our staff linked to national rates for Youth and Community workers at point 14 of the National Scale. The Leadership Team salaries total £6,561 per month, £78,730 per year.
**St. Andrew's Church - High Wycombe Report of the Trustees (continued) For the Year Ended 31st December 2023**
Page 5
## **Statement of Parochial Church Council Responsibilities**
Under the Charities Act 2011, the PCC is required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of affairs of the church.
## We are required to:
1. Select suitable accounting policies and apply them consistently
2. Make judgements and estimates that are reasonable and prudent
3. State whether the policies adopted are in accordance with the Church Accounting Regulations and with applicable accounting standards.
4. Prepare the financial statements on a going concern basis.
We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the church and to ensure that such accounts comply with applicable accounting standards and with the Statements of Recommended Practice and the Regulations made under Section 130 of the Charities Act 2011. We also have a responsibility to safeguard the assets of the church and to take reasonable steps for the prevention of fraud and other irregularities.
The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (which sets out the PCC's obligations to safeguard children and vulnerable adults).
The last Quinquennial was done in October 2019 and there were no significant jobs that needed to be done.
## **Connected Charities:**
## **Hillside Resourcing Trust**
Hillside Resourcing is a Charitable Incorporated Organisation (registered number 1174676) which is a subsidiary undertaking of the PCC. Hillside Resourcing Trust is a charity set up to support the work of St. Andrew's Church, Hatters Lane, High Wycombe and the community it seeks to serve. Each year St Andrew’s gives money to Hillside Resourcing Trust and in return has a long term vision to provide housing for staff at St Andrew’s Church.
**St. Andrew's Church - High Wycombe Report of the Trustees (continued) For the Year Ended 31st December 2023**
Page 6
## **Reference and Administrative Details**
|Registered Charity number|1128971|||
|---|---|---|---|
|Principal address|Hatters Lane|||
||High Wycombe|||
||HP13 7NJ|||
|Trustees||||
|Rev S Dust|Vicar|||
|Rev A Dixon|Associate Minister|appointed|13/06/2021|
|Mr S Russell|Curate|appointed|15/05/2022|
|Mrs K Muzine-John|Warden|resigned|08/04/2024|
|Mr D Chapman|Warden|reappointed|07/05/2023|
|Mr R Gravina|Deanery Synod member|reappointed|07/05/2023|
|Mr R Rayner|Deanery Synod member|appointed|07/05/2023|
|Mrs M Lyon|Elected member|appointed|28/04/2019|
|Mr J Cheffy|Elected member|resigned|08/04/2024|
|Mr N Hart|Elected member|appointed|13/06/2021|
|Mr P Hodgson|Elected member|appointed|15/05/2023|
|Mr K Charles|Elected member|appointed|07/05/2023|
|Mr J Jones|Elected member|appointed|18/11/2023|
|Mr J Chambers|Co-Opted|appointed|07/05/2023|
|Miss S Bridgman|Elected member|appointed|18/11/2023|
|Mr S Jones|Treasurer|appointed|31/03/2020|
|Cassandra Mill|PCC Secretary|appointed|15/05/2022|
|Sandra Williams|PCC Secretary|resigned|15/05/2022|
|Miss A Nichols|Elected member|resigned|07/05/2023|
|Mrs D Clark|Elected member|resigned|07/05/2023|
|Mr G Manzin|Elected member|resigned|07/05/2023|
|Key Management||||
|Rev S Dust|Lead Pastor|||
|Rev A Dixon|Associate Minister|||
|S Russell|Curate|||
|D Dust|Lead Pastor|||
|H Robertshaw|Pastoral Lead|||
|K Aboud|Youth Pastor|resigned|27/08/2023|
|J Mitchell|Youth Pastor|appointed|02/01/2024|
|C Coyston|Children & Families Pastor|||
|L Cook|Church Manager|resigned|24/03/2023|
|L de Wouters|Operations Manager|appointed|01/06/2023|
|Independent examiner||||
|Lisa Darby FCA||||
|Stewardship||||
|1 Lamb’s Passage||||
|London||||
|EC1Y 8AB||||
Approved by order of the board of trustees on the and signed on its behalf by: Jun 4, 2024
Simon P. Dust (Jun 4, 2024 16:31 GMT+1)
Simon Jones (Jun 4, 2024 18:17 GMT)
Simon P. Dust
Simon Jones
Mr S Jones - Treasurer
Rev S Dust - Vicar
**Independent Examiner's Report to the Parochial Church Council of The Parish of St Andrew's High Wycombe**
Page 7
I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 December 2023 on pages 8 to 19 following, which have been prepared on the basis of the accounting policies set out on pages 11 to 12.
## **Responsibilities and basis of report**
As the charity’s trustees of the Trust 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 Charity’s accounts carried out under section 145 of the 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.
Since the Charity’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 Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
## **Independent examiner’s statement**
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:
1. accounting records were not kept in respect of the Charity 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 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 accounts to be reached.
Lisa Darby Lisa Darby (Jun 5, 2024 12:09 GMT+1)
Jun 5, 2024
Lisa Darby FCA Institute of Chartered Accountants in England and Wales
Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
**The Parocochial Church Council Of The Ecclesiastical Parish Of High Wycombe St Andrew Statement of Financial Activities For the Year Ended 31st December 2023**
Page 8
|Note:
**INCOME AND ENDOWMENTS**
2
**_From Generated Funds:_**
Voluntary Income
Activities for Generating Funds
Investment Income
**_From Charitable Activities:_**
Events
Fees
Groups
**_Other Income_**
**Total Income**|Unrestricted
Funds
Restricted
Funds Total Funds Total Funds
2023
2023
2023
2022
£
£
£
£
261,433
141,357
402,789
429,776
15,822
1,200
17,022
19,898
2,580
22,938
25,518
6,087|
|---|---|
||**279,835**
**165,495**
**445,330**
**455,761**
5,968
11,441
17,409
12,109
4,559
3,726
8,285
7,975
0
21,959
21,959
14,974|
||**10,527**
**37,126**
**47,653**
**35,058**
**137**
**0**
**137**
**18**|
||**290,499**
**202,621**
**493,120**
**490,837**|
|**EXPENDITURE ON**
3
**_Raising Funds_**
**_Charitable Activities:_**
Grants & Donations
5
People
Premises
Services & Activities
Events
**Total Expenditure**
Parish Share and Administration
Governance Costs|**858**
**0**
**858**
**858**
40,090
11,639
51,729
48,852
115,852
15,900
131,752
141,464
43,279
73,589
116,868
79,776
8,544
1,836
10,380
12,315
7,207
34,000
41,207
32,476
67,861
0
67,861
65,558
3,356
0
3,356
3,313|
||**286,189**
**136,964**
**423,153**
**383,755**|
||**287,047**
**136,964**
**424,011**
**384,612**|
|**NET INCOME/(EXPENDITURE)**
Transfers between funds
Fund Balances brought forward at 1 January|**3,453**
**65,657**
**69,109**
**106,225**
0
0
0
0
201,936
516,188
718,124
611,897|
|**Fund Balances carried forward at 31 December**|**205,389**
**581,845**
**787,233**
**718,122**|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing operations.
There are small rounding differences within these accounts.
The notes on pages 11-19 form an integral part of these accounts.
**The Parocochial Church Council Of The Ecclesiastical Parish Of High Wycombe St And Balance Sheet For the Year Ended 31st December 2023**
Page 9
|**2023**
Note:
Unrestricted
Restricted
**Total**
funds
funds
**funds**
£
£
**£**
**Fixed Assets**
Tangible assets
7
73,125
-
**73,125**
**Current Assets**
Debtors and prepayments
8
29,781
3,290
**33,071**
Cash at bank and in hand
121,008
578,555
**699,563**
150,789
581,845
**732,634**
**Current Liabilities**
Liabilities falling due within one year
9
18,525
-
**18,525**
Net current assets
132,263
581,845
**714,108**
**NET ASSETS**
205,388
581,845
**787,233**
**The funds of the Charity:**
**Restricted income funds**
11
**581,845**
**Unrestricted income funds**
**132,264**
**Unrestricted property fund**
7, 11
**73,125**
**TOTAL CHARITY FUNDS**
**787,233**
Mr S Jones - Treasurer
Rev S Dust - Vicar
There are small rounding differences within these accounts.
The accounts were approved by the Parochial Church Council and signed on its behalf
on by:
Simon P. Dust (Jun 4, 2024 16:31 GMT+1)
Simon P. Dust
Simon Jones (Jun 4, 2024 18:17 GMT)
Simon Jones
Jun 4, 2024|Unrestricted
Restricted
funds
funds
£
£
73,125
-
29,781
3,290
121,008
578,555|Unrestricted
Restricted
funds
funds
£
£
73,125
-
29,781
3,290
121,008
578,555|**2023**
**Total**
**funds**
**£**
**73,125**
**33,071**
**699,563**
**732,634**
**18,525**
**714,108**
**787,233**|2022
Total
funds
£
74,100
18,512
632,149|
|---|---|---|---|---|
||150,789
581,845
18,525
-|||650,661
6,638|
||132,263
581,845|||644,023|
||205,388
581,845|||718,123|
|||||516,187
127,836
74,100|
|||||718,122|
||||||
|||Rev S Dust - Vicar|||
The notes on pages 11-19 form an integral part of these accounts.
**The Parocochial Church Council Of The Ecclesiastical Parish Of High Wycombe St Andrew Cash Flow Statement For the Year Ended 31st December 2023**
Page 10
|Note
**Cash flows from operating activities:**
**_Net cash provided by (used in) operating activities_**
a
**Cash flows from investing activities:**
Interest
**_Net cash provided by/(used in) investing activities_**
b
b
**_Cash and cash equivalents at the end of the year_**
**_Change in cash and equivalents in the reporting period_**
**Cash and equivalents at the beginning of the**
**year**|2023
£
67,414
0
0
67,414
632,149
699,563|2022
£
97,397|
|---|---|---|
|||6,087|
|||6,087|
||||
|||103,484
528,665|
|||632,149|
## **NOTES TO THE CASH FLOW STATEMENT**
## **Note a: Reconciliation of net income/(expenditure) to net cash flow from operating activities**
|**Adjustments for:**
Depreciation
Dividends, interest and rents from investments
(Increase)/decrease in debtors
Increase/(decrease) in creditors
**_Net cash provided by (used in) operating activities_**
**Note b: Analysis of cash and cash equivalents**
Cash at bank with immediate access
**Total cash and cash equivalents**
**_Net income/(expenditure) for the reporting period (as per the statement_**
**_of financial activities)_**|2023
£
69,109
975
(14,559)
11,887
67,414
2023
£
699,563
699,563|2022
£
106,225
975
(6,087)
(99)
(3,617)|
|---|---|---|
|||97,397|
|||2022
£
632,149|
|||632,149|
**The Parocochial Church Council Of The Ecclesiastical Parish Of High Wyc Notes to the Accounts For the Year Ended 31st December 2023**
Page 11
## **1 Statutory Information**
The Parochial Church Council of St. Andrew's Church High Wycombe is a charity registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page. **�**
## **Accounting Policies**
These financial statements are prepared on a going concern basis, under the historical cost convention. The financial statements include all activities for which the PCC is legally responsible; the activities of informal gatherings of church members and groups that owe their main affiliation to another body and are excluded. **�**
These financial statements have been prepared in accordance with The Church Accounting Regulations 2006, the 'Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)' ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102. **�**
The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'. **�**
## **Going Concern**
The PCC have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The PCC have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the PCC have considered the charity's forecasts and projections and the possible implications should projected income and/or expenditure vary unexpectedly. The PCC have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
## **Funds**
General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.
Restricted funds are those funds that must be spent on restricted purposes and details of the funds held are shown in note 11.
## **Income**
## **Voluntary income and capital sources**
Collections are recognised when received by or on behalf of the PCC.
Planned giving is recognised when received.
**The Parocochial Church Council Of The Ecclesiastical Parish Of High Wyc Notes to the Accounts For the Year Ended 31st December 2023**
Page 12
## **Voluntary income and capital sources cont'd**
Tax recoverable on Gift Aid donations is recognised when the donation is recognised.
Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain.
Funds raised by fete, garden party and similar events are accounted for gross.
Sales of books and magazines from the church bookstall are accounted for gross.
The charity relies on volunteers to carry out many of its activities. However, in accordance with SORP, the value has not been included in these financial statements as they cannot be reliably measured.
## **Investment Income**
Interest entitlements are accounted for as they accrue.
## **Other Income**
Rental income from the letting of church premises is recognised when the rental is due.
## **Expenditure**
## **Grants**
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.
## **Parish Share**
The diocesan parish share is accounted for when due. Any parish share unpaid at 31 December is provided for in these financial statements as an operational (though not a legal) liability and is shown as a creditor in the balance sheet.
## **Fixed assets**
Consecrated and beneficed property is not included in the accounts in accordance with s.10(2) of the Charities Act 2011.
All expenditure incurred in the year on consecrated or beneficed buildings and individual items under £3,000 is written off. Items over £3,000 are capitalised.
The freehold building is being depreciated over its expected useful life of 50 years. Freehold land is not depreciated as it is not consumed by use.
## **Current Assets**
Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectible.
## **Pensions costs and other post-retirement benefits**
The PCC operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the PCC. The annual contributions payable are charged to the statement of financial activities.
**The Parocochial Church Council Of The Ecclesiastical Parish Of High Wycombe St Andrew Notes to the Accounts For the Year Ended 31st December 2023**
Page 13
|**2**
**INCOME AND ENDOWMENTS FROM**
Voluntary Income
Planned Giving
Gift Aided
Non Gift Aided
Gift Aid Received
Total · Planned Giving
One Off Donations
Gift Aided
Non Gift Aided
Gift Aid Received
Total · One Off Donations
Gift Day
Gift Aided
Non Gift Aided
Gift Aid Received
Total· Gift Day
Cash Offerings
Cash at Services
Total · Cash Offerings
Grants received
Grants received
Legacy received
Total · Grants & Legacies received
**Total Voluntary Income**
Activities for Generating Funds
Office Services
Lettings
Bookstall
**Total Activities for Generating Funds**
Income from Investment
Interest
**Total Income from Investment**
Charitable Activities
Events
Residential
Non Residential
Total · Events
Fees
Groups
**Total From Charitable Activities**
**Other Incoming Resources**
**Total Income**|Unrestricted
Funds
Restricted
Funds
Total Funds
Total
Funds
2023
2023
2023
2022
£
£
£
£
140,351
18,342
158,693
170,895
52,626
16,374
69,000
77,411
34,211
4,573
38,784
44,218|
|---|---|
||227,188
39,289
266,478
292,524
14,031
1,056
15,087
25,025
9,359
10,434
19,793
16,972
3,542
268
3,809
6,244|
||26,932
11,757
38,689
48,241
0
9,892
9,892
0
0
4,224
4,224
0
0
2,543
2,543
0|
||0
16,659
16,659
0
7,312
671
7,983
5,493|
||7,312
671
7,983
5,493
0
72,980
72,980
31,552
0
0
0
51,967|
||0
72,980
72,980
83,519
**261,433**
**141,357**
**402,789**
**429,776**
77
0
77
412
15,186
1,200
16,386
18,746
559
0
559
739|
||**15,822**
**1,200**
**17,022**
**19,897**
2,580
22,939
25,518
6,088|
||**2,580**
**22,939**
**25,518**
**6,088**
630
400
1,030
1,513
5,338
11,041
16,379
10,596|
||5,968
11,441
17,409
12,109
4,559
3,726
8,285
7,975
0
21,958
21,958
14,974|
||**10,527**
**37,126**
**47,653**
**35,058**
**138**
**0**
**138**
**18**|
||**290,499**
**202,621**
**493,120**
**490,837**|
**The Parocochial Church Council Of The Ecclesiastical Parish Of High Wycombe St Andrew Notes to the Accounts For the Year Ended 31st December 2023**
Page 14
|**3**
**EXPENDITURE**
Fundraising trading costs
Bookstall costs of goods sold
**Total · Fundraising trading costs**
Grants and donations
Mission - Long Term
Planned
Total · Mission - Long Term
Mission - Short Term
Planned
One Off
Gift Day
Total · Mission - Short Term
Christian Agencies
One off
Total · Christian Agencies
Secular
One off
Gift Day
Total · Secular
Parish
Church Family One Off
Total · Parish
**Total · Grants and donations**
People
Salaries
Employers NI
Pension
Expenses
Training
Staff Gifts
**Total · People**
Premises
Major Equipment
Utilities
Insurance
Telephone / Internet
Maintenance
Equipment Rental
Property Rental
Building Projects
**Total · Premises**|Unrestricted
Funds
Restricted
Funds Total Funds Total Funds
2023
2023
2023
2022
£
£
£
£
858
0
858
858|
|---|---|
||**858**
**0**
**858**
**858**
26,890
720
27,609
27,609|
||26,890
720
27,609
27,609
0
3,000
3,000
-
0
160
160
0
0
0
0
0|
||0
3,160
3,160
0
3,000
6,467
9,467
7,676|
||3,000
6,467
9,467
7,676
0
1,232
1,232
2,677
0
0
0
0|
||0
1,232
1,232
2,677
10,200
60
10,260
10,890|
||10,200
60
10,260
10,890
**40,090**
**11,639**
**51,728**
**48,852**
101,451
15,218
116,668
124,469
2,145
0
2,145
2,926
5,322
7
5,329
5,676
3,103
0
3,103
3,921
3,284
0
3,284
4,114
548
676
1,224
358|
||**115,852**
**15,900**
**131,752**
**141,464**
3,885
1,000
4,885
2,833
12,642
202
12,844
9,060
2,857
0
2,857
3,507
3,831
0
3,831
6,378
5,548
0
5,548
3,370
715
0
715
715
13,800
27,262
41,062
35,935
0
45,124
45,124
17,978|
||**43,279**
**73,589**
**116,868**
**79,776**|
**The Parocochial Church Council Of The Ecclesiastical Parish Of High Wycombe St Andrew Notes to the Accounts For the Year Ended 31st December 2023**
Page 15
|Services & Activities
Licences
Hospitality
Publicity
Fees
Materials & Requisites
**Total · Services**
Events
Residential
Non Residential
**Total · Events**
Parish Share & Admin
Bank Charges
Parish Share
Stationery & Postage
Depreciation
**Total · Parish Share & Admin**
Governance Costs
Independent Examiners Fee
PCC Costs
Legal & Financial
**Total · Governance Costs**
**Total Expenditure**|Unrestricted
Funds
Restricted
Funds Total Funds Total Funds
2023
2023
2023
2022
£
£
£
£
1,612
0
1,612
1,402
1,256
0
1,256
1,026
662
0
662
436
2,555
200
2,755
4,910
2,459
1,636
4,095
4,542|
|---|---|
||**8,544**
**1836**
**10,380**
**12,315**
1,179
425
1,604
1,287
6,027
33,575
39,603
31,189|
||**7,207**
**34,000**
**41,207**
**32,476**
186
0
186
171
65,897
0
65,897
63,447
802
0
802
965
975
0
975
975|
||**67,861**
**0**
**67,861**
**65,558**
2,400
0
2,400
2,281
921
0
921
806
35
0
35
227|
||**3,356**
**0**
**3,356**
**3,314**|
||**287,047**
**136,964**
**424,010**
**384,613**|
The fee payable to the independent examiner for examining the accounts was £2,400 (2022: £2,281); no other services were provided by Stewardship.
**The Parocochial Church Council Of The Ecclesiastical Parish Of High Wycombe St Andrew Notes to the Accounts For the Year Ended 31st December 2023**
Page 16
## **4 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
||||||2022|
2022||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|
Restricted|2022 Total|
||||||funds|funds|Funds|
||**INCOME AND ENDOWMENTS FROM**||||£|£|£|
|||Voluntary income|||320,851|108,926|429,777|
|||Activities for Generating Funds|||18,697|1,200|19,897|
|||Investment Income|||1044|5043|6,087|
|||Events|||5,241|6,868|12,109|
|||Fees|||7,108|867|7,975|
|||Groups|||0|14,974|14,974|
|||Other income|||18|0|18|
|||**Total**|||352,959|137,878|490,837|
||**EXPENDITURE ON**|||||||
|||Raising funds|||858|0|858|
|||Grants & Donations|||40,090|8,762|48,852|
|||People|||128,716|12,748|141,464|
|||Premises|||37,949|41,827|79,776|
|||Services & Activities|||11,652|663|12,315|
|||Events|||7,223|25,253|32,476|
|||Parish Share & Administration|||65,558|0|65,558|
|||Governance Costs|||3,313|0|3,313|
|||**Total**|||295,359|89,253|384,612|
||**NET INCOME/(EXPENDITURE)**||||57600|48,625|106,225|
||Transfers between funds||||-61,591|61,591|0|
||Fund Balances brought forward at 1 January||||205,926|405,971|611,897|
||**Fund Balances carried forward at 31**||**December**||201,935|516,187|718,122|
|**5**|**GRANTS & DONATIONS**|||||||
|||Institutions||Individuals|2023|Instit 2022|Indiv 2022|
||||£|£|£|£|£|
||Missionary support||3,000|11,005|14,005|3,000|8,208|
||Wycliffe|24,530||0|24,530|21,460|0|
||CMS||0|0|0|33|0|
||Disaster Relief||1,542|0|1,542|4,822|0|
||Relief of poverty||782|670|1,452|730|400|
||Housing|10,200||0|10,200|10,200|0|
|||40,054||11,675|51,729|40,245|8,608|
Institutions receiving greater than £1,000:
£3,000 to Lighthouse High Wycombe in 2022 & 2023
£10,200 to Hillside Resourcing Trust in 2022 & 2023
£24,530 to Wycliffe for Mission partners (2022: £21460)
|**6**
**STAFF COSTS**
Wages & Salaries
Employer's NI
Pension Costs
Administrative and management staff|2023
£
116,668
2,145
5,329
124,142
8|2022
£
124,469
2,926
5,676|
|---|---|---|
|||133,071|
|||9|
The charity has 4.1 (2022:5.5) full time equivalent employed staff. Its activities are generally carried out by volunteers. No staff received salaries at a rate of more than £60,000 per annum.
Remuneration and employee benefits payable to key management personnel employed by the PCC amounted to £78,730 in 2023 and £91,686 in 2022.
During the year employer’s pension contributions totalling £5,329 (2022: £5,461) were payable to defined contribution personal pension schemes. (No pension contributions were owing at the balance sheet date (2022: £nil))
**The Parocochial Church Council Of The Ecclesiastical Parish Of High Wycombe St Andrew Notes to the Accounts For the Year Ended 31st December 2023**
Page 17
|**7**
**FIXED ASSETS**
**Freehold Property**
Cost
At 31st December 2022 and 2023
Depreciation
At 31st December 2022
Charge in year
At 31st December 2023
Net Book Value
At 31st December 2023
At 31st December 2022|£
97,500|
|---|---|
||23,400
975|
||24,375|
||73,125|
||74,100|
The property is St Andrew's House (the old vicarage next door to the church) held under a trust deed with the Diocese.
|**8**
**DEBTORS**
Prepayments
Debtors
Gift Aid receivable
**9**
**LIABILITIES FALLING DUE WITHIN ONE YEAR**
Creditors
Accruals|2023
5,929
17,638
9,504
33,071
2023
£
14,932
3,593
18,525|2022
5,907
4,738
7,867|
|---|---|---|
|||18,512|
|||2022
£
2,389
4,249|
|||6,638|
## **Operating Lease Commitments**
The charity has an operating lease for its photocopier and a rental lease for a property. The minimum amount payable (until the next break clause and ignoring the potential effect of future rent reviews) in respect of these leases is as follows: **�**
|Payments falling due:
Within one year
Between one and five years|2023
£
15,115
418
15,533|2022
£
715
1,133|
|---|---|---|
|||1,848|
## **10 RELATED PARTY DISCLOSURES**
Included in Wages & Salaries is £17,600 (2022: £16,960) paid to Mrs Debbie Dust, wife of the PCC Chair in her capacity as Lead Pastor and £1,967 was paid to Mr David Holland in 2022 (2023:None) who was on the PCC in his capacity as Children's Pastor as permitted by the governing document.
Included in Grants are payments to PCC members in their capacity as mission partners as follows:
Mr R Gravina/Wycliffe
Deanery Synod
|s follows:||
|---|---|
|2023|2022|
|£|£|
|10,270|10,270|
Donations from Trustees and family members for 2023 were £60,620 (2022 £50,534)
No expenses were paid to, or for, non-clergy members of the PCC in either 2023 or 2022
Rev Dust, & our curate S Russell are trustees and receive a stipend and customary clergy accommodation from the Diocese and so they are not employees. Some of the Parish Share paid to the Diocese is used to meet the cost of these. The charity also reimbursed clergy expenses and these costs are disclosed in note 3 under people costs - expenses.
**The Parocochial Church Council Of The Ecclesiastical Parish Of High Wycombe St Andrew Notes to the Accounts For the Year Ended 31st December 2023**
Page 18
## **10 RELATED PARTY DISCLOSURES Cont.**
Rev Dixon is a trustee who receives a stipend from the Diocese and therefore is not an employee. He is provided with customary clergy accomodation by the charity which is paid for by the charity but funded by a grant from the Diocese. The charity also reimburses clergy expenses and these costs are disclosed in note 3 under people costs - expenses.
Hillside Resourcing (HR) is a Charitable Incorporated Organisation (registered number 1174676) which is a subsidiary undertaking of the Church, as the PCC controls the appointment of the trustees of HR and the Church benefits from the provision of residential accommodation by HR.
||2023|2022|
|---|---|---|
||£|£|
|Grant paid to Hillside Resourcing Trust|10,200|10,200|
|Rent paid to Hillside Resourcing Trust|13,800|13,800|
||24,000|24,000|
The rent paid to Hillside Resourcing Trust relates to the provision of accommodation for Chris Coyston who is one of the key management members of the charity.
Page 19
## **The Parocochial Church Council Of The Ecclesiastical Parish Of High Wycombe St Andrew Notes to the Accounts For the Year Ended 31st December 2023**
|**11**
**FUNDS**
**INCOME**
Voluntary Income
Activities for Generating Funds
Charitable Activities and Other Income
**Total Income Resources**
**Restricted Funds**|Admin &
Premises
Nexus
Project
Community
Gift Day
Mission
Church
Plant
Pastoral
Resource
Church
Worship
Disc &
Training
Youth &
Children
**Total**|
|---|---|
||3,428
65,434
14,155
17,250
5,609
0
4,440
22,045
0
0
8,995
141,357
0
0
0
0
0
0
0
1,200
0
0
0
1,200
0
22,939
35,066
0
0
0
1,979
0
0
0
81
60,065|
||**3,428**
**88,373**
**49,222**
**17,250**
**5,609**
**0**
**6,419**
**23,245**
**0**
**0**
**9,076**
**202,622**|
|**EXPENDITURE**
Grants & Donations
People
Premises and Services
Events
**Total Resources Expended**|0
0
510
0
6,187
0
4,160
0
0
0
782
11,639
458
0
10,303
0
0
0
3,180
0
0
0
1,958
15,900
2,733
45,124
200
0
0
0
0
25,732
0
0
1636
75,425
0
0
32,960
0
0
0
676
0
0
0
365
34,001|
||**3,191**
**45,124**
**43,973**
**0**
**6,187**
**0**
**8,016**
**25,732**
**0**
**0**
**4,741**
**136,964**|
|**NET INCOME(EXPENDITURE)**
Gross Transfers
Fund Balances at 1 January
**Fund Balances at 31 December**|238
43,248
5,248
17250
(578)
0
(1,598)
(2,486)
0
0
4,335
65,657
0
0
0
0
0
0
0
0
0
0
0
0
1,000
481,737
11,070
0
4,454
0
13,393
2,440
0
298
1,797
516,188|
||**1,238**
**524,985**
**16,318**
**17,250**
**3,876**
**0**
**11,795**
**(47)**
**0**
**298**
**6,132**
**581,845**|
The assets and liabilities represented by the various funds are as follows:
|Restricted funds
Unrestricted funds|Fixed
assets
Bank & cash
balances
Other net
assets
Total
£
£
£
£
0
581,845
0
581,845
73,125
117,717
14,546
205,389|
|---|---|
||**73,125**
**699,563**
**14,546**
**787,233**|
## **Restricted funds are for the following purposes:**
Admin & Premises Lydia's leaving gift, counselling & renew space room hire 1/6/23-31/5/24. Nexus Project Church extension. Community Mission Mission trips, the Garcias, the Secchias. Pastoral Care fund, The Well (counselling) and student aid.
Christmas Day Lunch, Family Support Group, Starlight, Local Missions Fund, Supporting Families and Wednesday Lunch Club. Mission trips, the Garcias, the Secchias.
Care fund, The Well (counselling) and student aid.
Money raised to help young people go on trips e.g. youth weekend away. Donations for School boxes and Kat's leaving gift. Grant for Puppets for Roadshow, mentoring children, and Youth club (Catalyst).
Youth & Children for Puppets for Roadshow, mentoring children, and Youth club (Catalyst). Worship Gift Day Parkari training, Lighthouse safe harbour, Rutaka health centre, Life after conflict & Growing Hope. Disc & Training Training & discipleship. Resource Church Associate Minister grant.
Page 20
## **The Parocochial Church Council Of The Ecclesiastical Parish Of High Wycombe St Andrew Notes to the Accounts For the Year Ended 31st December 2023**
|**11 continued**
**FUNDS information for 2022**
Admin &
Premises
Nexus
Project
Community
Gift Day
Mission Church Plant
Pastoral
Resource
Church
Worship
Disc &
Training
Youth &
Children
**Total**
**INCOME**
Voluntary Income
1,000
68,000
7,890
0
8,682
0
0
23,103
0
0
250
108,926
Charitable Activities
0
0
0
0
0
0
0
1,200
0
0
0
1,201
Grants and Other Income
0
5,113
22,552
0
0
0
87
0
0
0
0
27,752
**Total Income Resources**
**1,000**
**73,113**
**30,442**
**0**
**8,682**
**0**
**87**
**24,303**
**0**
**0**
**250**
**137,879**
**Restricted Funds**|**11 continued**
**FUNDS information for 2022**
Admin &
Premises
Nexus
Project
Community
Gift Day
Mission Church Plant
Pastoral
Resource
Church
Worship
Disc &
Training
Youth &
Children
**Total**
**INCOME**
Voluntary Income
1,000
68,000
7,890
0
8,682
0
0
23,103
0
0
250
108,926
Charitable Activities
0
0
0
0
0
0
0
1,200
0
0
0
1,201
Grants and Other Income
0
5,113
22,552
0
0
0
87
0
0
0
0
27,752
**Total Income Resources**
**1,000**
**73,113**
**30,442**
**0**
**8,682**
**0**
**87**
**24,303**
**0**
**0**
**250**
**137,879**
**Restricted Funds**|
|---|---|
||1,000
68,000
7,890
0
8,682
0
0
23,103
0
0
250
108,926
0
0
0
0
0
0
0
1,200
0
0
0
1,201
0
5,113
22,552
0
0
0
87
0
0
0
0
27,752|
||**1,000**
**73,113**
**30,442**
**0**
**8,682**
**0**
**87**
**24,303**
**0**
**0**
**250**
**137,879**|
|**EXPENDITURE**
Grants & Donations
People
Premises
Services
Events
**Total Resources Expended**|0
0
400
0
8,072
0
290
0
0
0
0
8,762
0
0
12,748
0
0
0
0
0
0
0
0
12,748
0
17,978
0
0
0
0
0
22,726
0
0
0
40,704
0
0
0
0
0
0
0
0
1,123
0
663
1,786
0
0
25,142
0
0
0
0
37
0
0
74
25,253|
||**0**
**17,978**
**38,289**
**0**
**8,072**
**0**
**290**
**22,763**
**1,123**
**0**
**737**
**89,254**|
|**NET INCOME(EXPENDITURE)**
Gross Transfers
Fund Balances at 1 January
**Fund Balances at 31 December**|1,000
55,135
(7,847)
0
610
0
(203)
1,540
(1,123)
0
(487)
48,625
0
61,717
(94)
0
0
0
(32)
0
0
0
0
61,591
0
364,885
19,029
0
3,844
0
13,608
900
1,123
298
2,284
405,971|
||**1,000**
**481,737**
**11,088**
**0**
**4,454**
**0**
**13,373**
**2,440**
**0**
**298**
**1,797**
**516,187**|
The assets and liabilities represented by the various funds as at 31 December 2022 were as follows:
|Restricted funds
Unrestricted funds|Fixed
assets
Bank & cash
balances
Other net
assets
Total
£
£
£
£
0
516,187
0
516,187
74,100
115,961
11,874
201,935|
|---|---|
||**74,100**
**632,148**
**11,874**
**718,122**|
## **Restricted funds are for the following purposes:**
Admin & Premises Grant for new sofa. Nexus Project Church extension. Community Christmas Day Lunch, Family Support Group, Starlight, Local Missions Fund, Supporting Families and Wednesday Lunch Club. Mission Mission trips, the Garcias, the Secchias. Church plant St Mary & St George's church plant in Sands. Finished Aug 2021. Pastoral Care fund (inc. money given for Families in need during Covid), and student aid. Youth & Children Money raised to help young people go on trips e.g. youth weekend away. Worship For new sound equipment. Gift Day Not done 2021/2022. Disc & Training Training & discipleship. Resource Church Associate Minister grant.
## **Transfers between Funds**
During the year transfers were made to the restricted Nexus Project fund relating to monies initially received into general funds which were intended for the project. These transfers included a legacy of £51,967 and a previous years donation of £9,750.