## **Registered Charity Number 1128971** **The Parochial 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 2024** ## **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 2024** ||Pages| |---|---| |Report of the Trustees|1 to 5| |Independent Examiner's Report|6| |Statement of Financial Activities|7| |Balance Sheet|8| |Cash Flow Statement|9| |Notes to the Financial Statements|10 to 19| **St. Andrew's Church - High Wycombe Report of the Trustees For the Year Ended 31st December 2024** Page 1 The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. 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 through many community groups, particularly though our Missional Communities. As we gather to worship, we seek to put faith into practice through prayer and scripture, music and teaching. St Andrew’s aim is to love God with all our heart and to love our neighbours as ourselves. 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 a wide range of activities, small groups and services, including visiting individuals in their homes. ## **Significant plans for the future** St Andrew’s is continuing to outwork the vision we must be God’s transforming presence for High Wycombe and beyond. To help us achieve this, we have embarked on an ambitious seven month building project, called the **Nexus Project.** This project will refurbish and re-order the church building so that it better equips us to outwork our vision. This project started in October 2024, and we hope will open in May 2025. We will invest around £1.2 million pounds, mostly donated by St Andrew’s Church members. We are also growing as a **Resourcing Hub** for the local area in partnership with the Oxford Diocese and the Church Commissioners to support other local churches to reach out and to begin new congregations. One of the main ways we are doing this, is to release Simon and Debbie Dust to revitalise **St Mark’s Church, Bourne End.** Simon was licensed as the new Minister in June 2024. At the heart of all we do is to make Missionary Disciples who seek to follow Jesus in every area of life. Our main strategy for doing this is through our **Missional Communities** . We had 5 Missional Communities at the end of 2024, and we are looking to begin 2/3 new groups in 2025. As part of St Andrew’s legacy, we have worked closely with several Mission Partners around the world to support **Global Mission** . We have a vision to raise up new Mission Partners from St Andrew’s supporting them for both the short and long term. ## **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. ## **ACHIEVEMENT AND PERFORMANCE** **Charitable activities** Over the last year we have seen several community activities take off and grow. We have just begun partnering with Transforming Lives for Good to provide mentoring in local schools. **St. Andrew's Church - High Wycombe Report of the Trustees (continued) For the Year Ended 31st December 2024** Page 2 ## **ACHIEVEMENT AND PERFORMANCE CONT.** ## **Charitable activities cont.** We have been pleased to see the growth of 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. Family Support Group and St Andrew’s Playgroup do wonderful work with young and struggling families in our local community. We also partner with Eastside Youth Centre to run Catalyst for young people from the local community fortnightly during term time. During the construction phase of the Nexus project, we have paused a few of our regular community groups, including our Lunch Club and Starlight parent and toddler group. We will be looking at new ways to serve the elderly, lonely and younger families once Nexus opens in May. Even without the building we were able to hold our Christmas Day Lunch at a local community centre. With the new refurbished building, we are very much looking forward to holding the Christmas Day Lunch at St Andrew’s with a brand-new kitchen. ## **Church Electoral Roll / Average Sunday Attendance** At the APCM held on 5th May 2024, 198 names appeared on the Electoral Roll (an increase of 15 on 2023). An average of 145 people (101 adults, 44 children / young people) worshipped at St Andrew's on Sundays in October 2024 (a decrease of 13 on 2023). This does not include weekday attendances. ## **Volunteers** At St Andrew’s, we have an amazing army of volunteers who serve the church and community in a wide variety of ways throughout the week. Although we have seen a huge change in working patterns, we continue to seek to find ways of serving our community recognising we have less people available during the day. 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, childcare, 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 £526k was up on 2023's total income of £493k, with both restricted and unrestricted income growing. Unrestricted income towards the day to day running of the church grew to £307k from £290k in 2023 due to a £23k increase in voluntary giving, partly offset by lower lettings and events income. Restricted income grew by £16k, from £203k to £219k. The largest increase in restricted income was from income related to the Nexus project of £157k up from £88k, along with higher grants connected with the Resource Church project. These were offset by a fall in grants for community and youth work as well as no gift day being held in 2024. Within expenditure, there was a £141k increase in restricted expenditure as a direct result of Nexus costs which rose by £141k as the building work commenced at the end of October. The gift day monies of £17k collected in 2023 were paid out to the various community projects, whilst there was a reduction in other expenditure areas partly as a result of the building work curtailing the ability to run some community focused activities. **St. Andrew's Church - High Wycombe Report of the Trustees (continued) For the Year Ended 31st December 2024** Page 3 ## **Financial position cont.** Costs associated with the day to day running of the church increased by £21k, due to people costs rising by £21k as a result of a full staff team being in place for most of the year. This was offset by a £7k fall in payments made to Hillside, a related charity. Unrestricted income and expenditure was close to breakeven for the year, whilst there was a £60k deficit on restricted funds as work started on the Nexus project. ## **Principal funding sources** Voluntary income from our church members and adherents continue to be our principal source of funding income. |income.|| |---|---| |In addition, we received grants and legacies totalling £57k in the year, for the following purposes:|| |Funding for Associate Minister as part of our Resource Church|£32,841| |FSG salary for 2023/24|£500| |Christmas Day Lunch|£500| |Nexus|£21,500| |Children's - Mentoring in schools|£300| |Youth|£1,500| ## **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 2024, unrestricted revenue reserves of £131k 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's significant development plans around the Nexus project for 2024/25 are covered by income already received or pledged to be received. Although the current economic conditions are 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. ## **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 5th May 2024, Miss L Lee was co-opted on to the PCC, Mr A de Wouters was elected as a PCC member, and Mr L Scott was elected as a Church Warden. 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. Additionally an existing Church Warden provides a training session on key matters for new PCC members to be aware of. **St. Andrew's Church - High Wycombe Report of the Trustees (continued) For the Year Ended 31st December 2024** Page 4 ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Cont.** ## **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. The PCC considers the key risks and uncertainties for the church and key mitigations to be: Lack of financial resources: This is managed by means of regular review of the church's finances by the PCC via annual budgets & monthly management accounts, and regular communication to church members of the church's current financial position. Regulatory/Health & Safety risks: This is managed by PCC oversight of clear policies on key risk areas such as health & safety and protection of children & vulnerable adults. These are reviewed annually. ## **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 £8,332 per month, £99,984 per year. ## **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. This will end in 2025 as the house is being sold. **St. Andrew's Church - High Wycombe Report of the Trustees (continued) For the Year Ended 31st December 2024** Page 5 ## **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| |Miss L Lee|Curate|appointed|30/06/2024| |Mr S Russell|Curate|resigned|15/06/2024| |Mrs K Muzine-John|Warden|resigned|08/04/2024| |Mr D Chapman|Warden|reappointed|05/05/2024| |Mr L Scott|Warden|appointed|05/05/2024| |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|reappointed|15/05/2022| |Mr J Cheffy|Elected member|resigned|08/04/2024| |Mr P Hodgson|Co-Opted|resigned|05/05/2024| |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 A de Wouters D'Oplinter|Elected member|appointed|05/05/2024| |Mr S Jones|Treasurer|reappointed|05/05/2024| |Cassandra Mill|PCC Secretary|reappointed|05/05/2024| |Mr N Hart|Elected member|resigned|05/05/2024| |Key Management|||| |Rev S Dust|Lead Pastor||| |Rev A Dixon|Associate Minister||| |L Lee|Curate||| |D Dust|Lead Pastor||| |H Robertshaw|Pastoral Lead||| |J Mitchell|Youth Pastor|appointed|02/01/2024| |C Coyston|Children & Families Pastor|resigned|30/11/2024| |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: May 13, 2025 ## Simon Jones Simon Jones (May 13, 2025 15:02 GMT+1) Mr S Jones - Treasurer ## Simon Dust Simon Dust (May 13, 2025 14:56 GMT+1) Rev S Dust - Vicar **Independent Examiner's Report to the Parochial Church Council of The Parish of St Andrew's High Wycombe** Page 6 I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 December 2024 on pages 7 to 19 following, which have been prepared on the basis of the accounting policies set out on pages 10 to 11. ## **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 - A t - 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 (May 13, 2025 15:45 GMT+1) Lisa Darby FCA Institute of Chartered Accountants in England and Wales Stewardship 1 Lamb's Passage LONDON EC1Y 8AB May 13, 2025 **The Parochial Church Council Of The Ecclesiastical Parish Of High Wycombe St Andrew Statement of Financial Activities For the Year Ended 31st December 2024** Page 7 |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
2024
2024
2024
2023
£
£
£
£
284,667
172,644
457,312
402,789
11,855
0
11,855
17,022
2,940
26,686
29,627
25,518| |---|---| ||**299,462**
**199,331**
**498,793**
**445,330**
3,325
995
4,320
17,409
3,930
6,042
9,973
8,285
0
12,952
12,952
21,959| ||**7,256**
**19,989**
**27,245**
**47,653**
**7**
**0**
**7**
**137**| ||**306,725**
**219,321**
**526,046**
**493,120**| |**EXPENDITURE ON**
3
**_Raising Funds_**
**_Charitable Activities:_**
Grants & Donations
5
People
Premises
Services & Activities
Events
**Total Expenditure**
Parish Share and Administration
Governance Costs|**187**
**0**
**187**
**858**
31,513
29,327
60,840
51,729
145,912
13,258
159,170
131,752
41,376
217,465
258,841
116,868
10,054
729
10,783
10,380
5,537
16,899
22,437
41,207
70,493
0
70,493
67,861
3,940
0
3,940
3,356| ||**308,825**
**277,678**
**586,504**
**423,153**| ||**309,012**
**277,679**
**586,691**
**424,011**| |**NET INCOME/(EXPENDITURE)**
Transfers between funds
Fund Balances brought forward at 1 January|**(2,287)**
**(58,360)**
**(60,645)**
**69,109**
1,238
(1,238)
0
0
205,389
581,845
787,234
718,124| |**Fund Balances carried forward at 31 December**|**204,339**
**522,249**
**726,589**
**787,233**| 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 10-19 form an integral part of these accounts. **The Parochial Church Council Of The Ecclesiastical Parish Of High Wycombe St Andrew Balance Sheet For the Year Ended 31st December 2024** Page 8 |**2024**
Note:
Unrestricted
Restricted
**Total**
funds
funds
**funds**
£
£
**£**
**Fixed Assets**
Tangible assets
7
72,150
-
**72,150**
**Current Assets**
Debtors and prepayments
8
20,295
23,435
**43,730**
Cash at bank and in hand
182,438
498,815
**681,253**
202,733
522,249
**724,984**
**Current Liabilities**
Liabilities falling due within on
9
70,544
-
**70,544**
Net current assets
132,188
522,249
**654,439**
**NET ASSETS**
204,338
522,249
**726,589**
**The funds of the Charity:**
**Restricted income funds**
11
**522,250**
**Unrestricted income funds**
**132,189**
**Unrestricted property fund**
7, 11
**72,150**
**TOTAL CHARITY FUNDS**
**726,589**
Mr S Jones - Treasurer
Rev S Dust - Vicar
There are small rounding differences within these accounts.
The notes on pages 10-19 form an integral part of these accounts.
The accounts were approved by the Parochial Church Council and signed on its behalf
on by:
Simon Dust (May 13, 2025 14:56 GMT+1)
Simon Dust
Simon Jones (May 13, 2025 15:02 GMT+1)
Simon Jones
May 13, 2025|Unrestricted
Restricted
funds
funds
£
£
72,150
-
20,295
23,435
182,438
498,815|**2024**
**Total**
**funds**
**£**
**72,150**
**43,730**
**681,253**
**724,984**
**70,544**
**654,439**
**726,589**|2023
Total
funds
£
73,125
33,071
699,563| |---|---|---|---| ||202,733
522,249
70,544
-||732,634
18,525| ||132,188
522,249||714,108| ||204,338
522,249||787,233| ||||581,845
132,264
73,125| ||||787,233| ||||| ||||| **The Parochial Church Council Of The Ecclesiastical Parish Of High Wycombe St Andrew Cash Flow Statement For the Year Ended 31st December 2024** Page 9 |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**|2024
£
(47,935)
29,627
29,627
(18,308)
699,563
681,253|2023
£
67,414| |---|---|---| |||0| |||0| |||| |||67,414
632,149| |||699,563| ## **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)**|2024
£
(60,645)
975
(29,627)
(10,659)
52,019
(47,935)
2024
£
681,253
681,253|2023
£
69,109
975
0
(14,559)
11887| |---|---|---| |||67,414| |||2023
£
699,563| |||699,563| **The Parochial Church Council Of The Ecclesiastical Parish Of High Wycombe St Andrew Notes to the Accounts For the Year Ended 31st December 2024** Page 10 ## **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. 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. **The Parochial Church Council Of The Ecclesiastical Parish Of High Wycombe St Andrew Notes to the Accounts For the Year Ended 31st December 2024** Page 11 ## **Voluntary income and capital sources cont'd** 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. ## **Nexus** The Nexus Building project relates to an extension to the church building which, as a consecrated building, is not capitalised in these accounts. The expenditure included in these accounts reflect the extent to which the work has been completed on the project at the year end according to the building companies schedule. The cost of raising funds is not significant and has not been seperately disclosed. The Charities SORP requires charities with income over £500,000 to allocate costs to the various activities undertaken by the charity. The nature of the work of the church is considered to be so integrated that the core charitable activity costs are considered to be for the one activity. **The Parochial Church Council Of The Ecclesiastical Parish Of High Wycombe St Andrew Notes to the Accounts For the Year Ended 31st December 2024** Page 12 |**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
2024
2024
2024
2023
£
£
£
£
147,572
55,199
202,771
158,693
59,597
31,597
91,194
69,000
36,896
13,800
50,696
38,784| |---|---| ||244,065
100,596
344,661
266,477
23,148
6,770
29,918
15,087
5,546
5,518
11,064
19,793
5,868
1,699
7,567
3,809| ||34,562
13,987
48,549
38,689
0
325
325
9,892
0
200
200
4,224
0
81
81
2,543| ||0
606
606
16,659
6,041
314
6,355
7,983| ||6,041
314
6,355
7,983
0
57,141
57,141
72,980
0
0
0
0| ||0
57,141
57,141
72,980
**284,667**
**172,644**
**457,312**
**402,789**
0
0
0
77
11,279
0
11,279
16,386
576
0
576
559| ||**11,855**
**0**
**11,855**
**17,022**
2,940
26,687
29,627
25,518| ||**2,940**
**26,687**
**29,627**
**25,518**
905
10
915
1,030
2,420
985
3,405
16,379| ||3,325
995
4,320
17,409
3,930
6,042
9,973
8,285
0
12,952
12,952
21,958| ||**7,256**
**19,989**
**27,245**
**47,652**
**7**
**0**
**7**
**138**| ||**306,725**
**219,321**
**526,046**
**493,120**| **The Parochial Church Council Of The Ecclesiastical Parish Of High Wycombe St Andrew Notes to the Accounts For the Year Ended 31st December 2024** Page 13 |**The Parochial Church Council Of The Ecclesiastical Pari**
**Notes to the Accounts**
**For the Year Ended 31st December 2024**|**sh Of High Wycombe St Andrew**
Page 13| |---|---| |**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
2024
2024
2024
2023
£
£
£
£
187
0
187
858| ||**187**
**0**
**187**
**858**
28,503
720
29,223
27,609| ||28,503
720
29,223
27,609
0
3,000
3,000
3,000
0
52
52
160
0
25
25
0| ||0
3,077
3,077
3,160
3,010
23,725
26,735
9,467| ||3,010
23,725
26,735
9,467
0
310
310
1,232
0
0
0
0| ||0
310
310
1,232
0
1,495
1,495
10,260| ||0
1,495
1,495
10,260
**31,513**
**29,327**
**60,840**
**51,728**
129,454
10,929
140,382
116,668
2,046
17
2,063
2,145
6,104
78
6,182
5,329
4,578
152
4,729
3,103
3,456
1,275
4,731
3,284
275
808
1,083
1,224| ||**145,912**
**13,258**
**159,170**
**131,752**
1,757
0
1,757
4,885
12,171
553
12,724
12,844
3,174
4,514
7,688
2,857
4,471
137
4,608
3,831
2,087
0
2,087
5,548
915
0
915
715
16,800
31,980
48,780
41,062
0
180,282
180,282
45,124| ||**41,376**
**217,465**
**258,841**
**116,868**| **The Parochial Church Council Of The Ecclesiastical Parish Of High Wycombe St Andrew Notes to the Accounts For the Year Ended 31st December 2024** Page 14 |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
2024
2024
2024
2023
£
£
£
£
1,497
0
1,497
1,612
1,680
27
1,706
1,256
614
0
614
662
2,879
599
3,478
2,755
3,383
104
3,487
4,095| |---|---| ||**10,054**
**729**
**10,783**
**10,380**
1,340
160
1,500
1,604
4,197
16,739
20,937
39,603| ||**5,537**
**16,899**
**22,437**
**41,207**
186
0
186
186
68,870
0
68,870
65,897
462
0
462
802
975
0
975
975| ||**70,493**
**0**
**70,493**
**67,861**
3,080
0
3,080
2,400
825
0
825
921
35
0
35
35| ||**3,940**
**0**
**3,940**
**3,356**| ||**309,012**
**277,679**
**586,690**
**424,012**| The fee payable to the independent examiner for examining the accounts was £2,940 (2023: £2,640); no other services were provided by Stewardship. **The Parochial Church Council Of The Ecclesiastical Parish Of High Wycombe St Andrew Notes to the Accounts For the Year Ended 31st December 2024** Page 15 ## **4 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** ||||||2023|
2023|| |---|---|---|---|---|---|---|---| ||||||Unrestricted|
Restricted|2023 Total| ||||||funds|funds|Funds| ||**INCOME**|**AND ENDOWMENTS FROM**|||£|£|£| |||Voluntary income|||261,433|141,357|402,789| |||Activities for Generating Funds|||15,822|1,200|17,022| |||Investment Income|||2,580|22,939|25,518| |||Events|||5,968|11,441|17,409| |||Fees|||4,559|3,726|8,285| |||Groups|||0|21,958|21,958| |||Other income|||138|0|138| |||**Total**|||290,499|202,621|493,120| ||**EXPENDITURE ON**||||||| |||Raising funds|||858|0|858| |||Grants & Donations|||40,090|11,639|51,728| |||People|||115,852|15,900|131,752| |||Premises|||43,279|73,589|116,868| |||Services & Activities|||8,544|1,836|10,380| |||Events|||7,207|34,000|41,207| |||Parish Share & Administration|||67,861|0|67,861| |||Governance Costs|||3,356|0|3,356| |||**Total**|||287,047|136,964|424,010| ||**NET INCOME/(EXPENDITURE)**||||3,453|65,657|69,109| |||Transfers between funds|||0|0|0| |||Fund Balances brought forward at 1 January|||201,936|516,188|718,124| ||**Fund Balances carried forward at 31**||**December**||205,389|581,845|787,233| |**5**|**GRANTS**|**& DONATIONS**|||||| |||Institutions||Individuals|2024|Instit 2023|Indiv 2023| ||||£|£|£|£|£| ||Missionary support||3,000|15,506|18,506|3,000|11,005| ||Wycliffe|22,705||0|22,705|24,530|0| ||Gift Day|17,856||0|17,856|0|0| ||Disaster Relief||0|0|0|1,542|0| ||Relief of poverty||624|1,150|1,774|782|670| ||Housing||0|0|0|10,200|0| |||44,185||16,656|60,841|40,054|11,675| Institutions receiving greater than £1,000: £3,000 to Lighthouse High Wycombe in 2023 & 2024 £0 to Hillside Resourcing Trust 2024 (£10,200:2023) £22,705 to Wycliffe for Mission partners (2023: £24,530) |**6**
**STAFF COSTS**
Wages & Salaries
Employer's NI
Pension Costs
Administrative and management staff|2024
£
140,382
2,063
6,182
148,627
8|2023
£
116,668
2,145
5,329| |---|---|---| |||124,142| |||8| ## Administrative and management staff The charity has 5.03 (2022:4.1) 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 £99,984 in 2024 and £78,730 in 2023. During the year employer’s pension contributions totalling £6,182 (2023: £5,329) were payable to defined contribution personal pension schemes. (No pension contributions were owing at the balance sheet date (2023: £nil)) **The Parochial Church Council Of The Ecclesiastical Parish Of High Wycombe St Andrew Notes to the Accounts For the Year Ended 31st December 2024** Page 16 |**7**
**FIXED ASSETS**
**Freehold Property**
Cost
At 31st December 2023 and 2024
Depreciation
At 31st December 2023
Charge in year
At 31st December 2024
Net Book Value
At 31st December 2024
At 31st December 2023|£
97,500| |---|---| ||24,375
975| ||25,350| ||72,150| ||73,125| The property is St Andrew's House (the old vicarage next door to the church) held under a trust deed with the Diocese. |
with the Diocese.||| |---|---|---| |**8**
**DEBTORS**
Prepayments
Debtors
Gift Aid receivable
**9**
**LIABILITIES FALLING DUE WITHIN ONE YEAR**
Creditors
Accruals|2024
8,215
26,575
8,940
43,730
2024
£
62,533
8,011
70,544|2023
5,929
17,638
9,504| |||33,071| |||2023
£
14,932
3,593| |||18,525| ## **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: |respect of these leases is as follows:||| |---|---|---| |Payments falling due:
Within one year
Between one and five years|2024
£
44,436
33,100
77,536|2023
£
15,115
418| |||15,533| ## **10 RELATED PARTY DISCLOSURES** Included in Wages & Salaries is £18,656 (2023: £17,600) paid to Mrs Debbie Dust, wife of the PCC Chair in her capacity as Lead 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|2024
2023
£
£
11,363
10,270| |---|---| Donations from Trustees and family members for 2024 were £95,398 (2023 £60,620) No expenses were paid to, or for, non-clergy members of the PCC in either 2024 or 2023 Rev Dust, and our curate L Lee 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. 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. **The Parochial Church Council Of The Ecclesiastical Parish Of High Wycombe St Andrew Notes to the Accounts For the Year Ended 31st December 2024** Page 17 ## **10 RELATED PARTY DISCLOSURES Cont.** |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 &| |the Church benefits from the provision of residential accommodation by HR. This is being sold in 2025.| |2024
2023| |£
£| |Grant paid to Hillside Resourcing Trust
0
10,200| |Rent paid to Hillside Resourcing Trust
16,800
13,800| ## **11 POST BALANCE SHEET EVENTS** Work on the Nexus project which started in October 2024 is expected to finish in June 2025. Costs to the end of December 2024 were approximately £250k. The remaining £950k will be spent during 2025, utilising approximately £500k in restricted Nexus funds held at the year end, along with additional funds already received in 2025 or expected to be received. Page 18 ## **The Parochial Church Council Of The Ecclesiastical Parish Of High Wycombe St Andrew Notes to the Accounts For the Year Ended 31st December 2024** |**12**
**FUNDS**
**INCOME**
Voluntary Income
Activities for Generating Funds
Grants and Other Income
**Total Income Resources**
**Restricted Funds**|Admin &
Premises
Nexus
Project Community
Gift Day
Mission
Pastoral
Resource
Church
Disc &
Training
Youth &
Children
**Total**| |---|---| ||0
130,257
1,153
606
4,614
600
33,291
0
2,124
172,644
0
0
0
0
0
0
0
0
0
0
0
26,687
16,594
0
0
3,385
0
0
10
46,677| ||**0**
**156,944**
**17,747**
**606**
**4,614**
**3,985**
**33,291**
**0**
**2,134**
**219,321**| |**EXPENDITURE**
Grants & Donations
People
Premises and Services
Events
**Total Resources Expended**|0
0
52
17,856
7,238
4,181
0
0
0
29,327
0
0
8,771
0
0
1,110
450
0
2,927
13,258
0
185,296
303
0
0
0
32,532
0
63
218,195
0
462
14,538
0
0
1,662
0
0
237
16,900| ||**0**
**185,758**
**23,664**
**17,856**
**7,238**
**6,953**
**32,982**
**0**
**3,227**
**277,679**| |**NET INCOME(EXPENDITURE)**
Gross Transfers
Fund Balances at 1 January
**Fund Balances at 31 December**|0
(28,814)
(5,918)
(17,250)
(2,624)
(2,968)
309
0
(1,093)
(58,358)
(1,238)
0
0
0
0
0
0
0
0
(1,238)
1,238
524,985
16,319
17,250
3,876
11,795
(47)
298
6,132
581,845| ||**0**
**496,171**
**10,401**
**0**
**1,252**
**8,827**
**262**
**298**
**5,039**
**522,250**| The assets and liabilities represented by the various funds are as follows: |Restricted funds
Unrestricted funds|Fixed
assets
Bank &
cash
balances
Total
£
£
£
0
498,815
522,250
72,150
182,437
204,339| |---|---| ||**72,150**
**681,253**
**726,589**| ## **Restricted funds are for the following purposes:** Admin & Premises Counselling & renew space room hire 1/6/23-31/5/24. Grant transferred to unrestricted as used. Nexus Project Church extension. Community Christmas Day Lunch, Family Support Group, Starlight, Local Missions Fund, Supporting Families and Wednesday Mission Mission trips, the Garcias, the Secchias. Pastoral Care fund, The Well (counselling). Youth & Children Money raised to help young people go on trips e.g. youth weekend away. Grant for Youth club 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 19 ## **The Parochial Church Council Of The Ecclesiastical Parish Of High Wycombe St Andrew Notes to the Accounts For the Year Ended 31st December 2024** |**The Parochial Church Council Of The Ecclesiastical Parish Of High Wycombe St Andrew**
Page 19
**Notes to the Accounts**
**For the Year Ended 31st December 2024**|**The Parochial Church Council Of The Ecclesiastical Parish Of High Wycombe St Andrew**
Page 19
**Notes to the Accounts**
**For the Year Ended 31st December 2024**| |---|---| |**12 continued**
**FUNDS information for 2023**
Admin &
Premises
Nexus
Project
Community
Gift Day
Mission
Pastoral
Resource
Church
Disc &
Training
Youth &
Children
**Total**
**INCOME**
Voluntary Income
3,428
65,434
14,155
17,250
5,609
4,440
22,045
0
8,995
141,357
Charitable Activities
0
0
0
0
0
0
1,200
0
0
1,200
Grants and Other Income
0
22,939
35,066
0
0
1,979
0
0
81
60,065
**Total Income Resources**
**3,428**
**88,373**
**49,222**
**17,250**
**5,609**
**6,419**
**23,245**
**0**
**9,076**
**202,622**
**Restricted**
**Funds**|| ||3,428
65,434
14,155
17,250
5,609
4,440
22,045
0
8,995
141,357
0
0
0
0
0
0
1,200
0
0
1,200
0
22,939
35,066
0
0
1,979
0
0
81
60,065| ||**3,428**
**88,373**
**49,222**
**17,250**
**5,609**
**6,419**
**23,245**
**0**
**9,076**
**202,622**| |**EXPENDITURE**
Grants & Donations
People
Premises
Services
Events
**Total Resources Expended**|0
0
510
0
6,187
4,160
0
0
782
11,639
458
0
10,303
0
0
3,180
0
0
1,958
15,899
2,733
45,124
200
0
0
0
25,732
0
1,636
75,425
0
0
0
0
0
0
0
0
0
0
0
0
32,960
0
0
676
0
0
365
34,001| ||**3,191**
**45,124**
**43,973**
**0**
**6,187**
**8,016**
**25,732**
**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
17,250
(578)
(1,598)
(2,486)
0
4,335
65,657
0
0
0
0
0
0
0
0
0
0
1,000
481,737
11,070
0
4,454
13,393
2,440
298
1,797
516,188| ||**1,238**
**524,985**
**16,318**
**17,250**
**3,876**
**11,795**
**(46)**
**298**
**6,132**
**581,845**| The assets and liabilities represented by the various funds as at 31 December 2023 were as |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
205,388| |---|---| ||**73,125 699,562**
**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 Christmas Day Lunch, Family Support Group, Starlight, Local Missions Fund, Supporting Families and Mission Mission trips, the Garcias, the Secchias. Pastoral Care fund, The Well (counselling) and student aid. Youth & Children 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). Gift Day Parkari training, Lighthouse safe harbour, Rutaka health centre, Life after conflict & Growing Hope. Disc & Training Training & discipleship. Resource Church Associate Minister grant.