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|Report from the Vicar for 2022|Report from the Vicar for 2022|||
|---|---|---|---|
|Safeguarding
Update||||
|Financial|Review|||
|Our Church —A Summary||||
||Objectives and Activities|||
||Foundational|Values||
||Our Purpose|||
||Statement of|Public Benefit||
|Structure,|Governance
and Management||10|
|Statement|ofTrustees'
Responsibilities|||
|Risk Management|||12|
|Reference|and Administrative
Information||14|
|SOFA||18|
|---|---|---|
|Balance Sheet||19|
|Cashflow Statement||20|
|Notes to the Financial Statements|||
|Accounting|Policies|21|
|Income||24|
|Expenditure||25|
|Fixed Assets||27|
|Debtors||27|
|Creditors||27|
|Staff Costs||28|
|Related Party Transactions||28|
|Analysis of Funds||30|
|Previous Year's Statement of Financial Activities||33|
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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||Funds|Funds||Note 10|
||||Note|E|E||6|
|INCOME||||||||
|Donations|||2(a)|430,422|2,584|433,006|685,195|
|Income from|||2(b)|863||863|18,805|
|Investments||||||||
|Income from Trading|||2(c)|52,661||52,661|16,276|
|Activities||||||||
|Other Income|||2(d)|11,478||11,478|22,539|
|TOTAL INCOME||||495,424|2,584|498,008|742,815|
|EXPENDITURE||||||||
|Expenditure
on|||3(a)|415,489|3,720|419,209|392,460|
|Charitable
Activities||||||||
|Other Activities|||3(b)|64,595|13,320|77,915|1,020,034|
|Governance
Costs|||3(c)|2,070||2,070|2,367|
|TOTAL EXPENDITURE||||482,154|17,040|499,194|1,414,861|
|NET||||13,270|(14,456)|(1,186)|(672,046)|
|INCOME/(EXPENDITURE)||||||||
|BEFORETRANSFERS||||||||
|Transfers between||funds|9|(14,456)|14,456|||
|Net movement|in funds|||(1,186)||(1,186)|(672,046)|
|after transfers||||||||
|TOTAL FUNDS BROUGHT||||407,216||407,216|1,079,262|
|FORWARD||||||||
|TOTAL FUNDS CARRIED||||406,030||406,030|407,216|
|FORWARD||||||||
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|||||2022|||2021|
|---|---|---|---|---|---|---|---|
||||Note|E||E|E|
|FIXEDASSETS||||||||
|Tangible fixed assets|||||109,234||123,469|
|CURRENT ASSETS||||||||
|Cash at bank and in hand||||84,223||229,294||
|Deposits
&3 months'|notice|||153,016||2,463||
|Deposits
&3 months'|notice|||87,682||87,390||
|Total Cash and Deposits|||||324,921||319,147|
|Debtors|||||17,715||13,984|
||||||342,636||333.131|
|CREDITORS due within||1year|||(45,840)||(49,384)|
|NET CURRENT ASSETS|||||296,796||283,747|
|NET ASSETS|||||406,030||407,216|
|FUNDS||||||||
|Restricted|||10|||||
|Unrestricted
—Designated|||||101,758||123,469|
|Unrestricted
—General||Fund|||304,272||283,747|
|TOTALFUNDS|||||406,030||407,216|
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||||2022|2021||
|---|---|---|---|---|---|
||||E|||
|Cash Flow from Operating||||||
|Activities||||||
|Net cash from operating||(1,186)||(672,046)||
|activities||||||
|Adjustments
for:||||||
|Depreciation
charges||21,711||21,226||
|Increase
in Debtors||(3,731)||(2,360)||
|Decrease in Creditors||(3,544)||(172,624)||
|Net cash from operating|||13,250||(825,8041|
|activities||||||
|Cash Flow from Investing
Activities||||||
|Purchase ofassets||(7,476)||(111,739)||
|Movement
on &3months||(292)||(86,511)||
|cash deposits||||||
|Net cash from investing|||(7,768)||(198,250)|
|activities||||||
|Cash Flow for reporting
period
ended 31"Dec|||5,482||(1,024,054)|
|Cash Balance at beginning|of||231,757||1,255,811|
|reporting
period||||||
|Cash Balance at end of reporting|||237,239||231,757|
|period||||||
|Classified on the balance sheet as:||||||
|Cash at bank|||84,223||229,294|
|Short term deposits
(&3|months)||153,016||2,463|
|Cash balances|||237,239||231,757|
|Deposits &3months'
notice|||87,682||87,390|
|Total Cash and Deposit|||324,921||319,147|
|Balances||||||
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|.
INCOME|||||
|---|---|---|---|---|
||||Total|Funds|
||Unrestricted|Restricted|2022|2021|
||Funds|Funds|||
||f|f|||
|2a Donations|||||
|Gift Aided Donations|314,491||314,491|3B7,898|
|Gift Aid|76,497||76,497|91,885|
|Other Planned
Giving|30,670|450|31,120|55,512|
|Other Gifts &Cash Offerings|8,764|2,134|10,898|54,900|
|Grants||||95,000|
|TOTAL INCOME|430,422|2,584|433,006|685,195|
|2b Income from Investments|||||
|Interest from Investments|863||863|18,805|
|2cIncome from Trading|||||
|Activities|||||
|Parochial Fees|2,811||2,811|1,807|
|Cafd Income|49,850||49,850|14,469|
|TOTAL TRADING INCOME|52,661||52,661|16,276|
|2d Otherlncorne|||||
|Building Usage, Toddlers etc|11,478||11,478|1,428|
|Government
Grant (furlough||||21,111|
|scheme)|||||
|TOTAL OTHER INCOME|11,478||11,478|22,539|
|TOTAL INCOME|495,424|2,584|498,008|742,815|
##
|||||||Total Funds||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|2022|2021|
|||||Funds|Funds|||
|||||E|E|E|E|
|a)|Expenditure
on Charitable|||||||
||Activities|||||||
|Mission Support:||||||||
|Overseas
Mission Partners||||49,047|1,200|50,247|47,111|
|(see|below)|||||||
|Overseas
Mission Projects:||||||||
||Amani|||2,000|606|2,606|2,344|
||Global Recordings|||350||350|350|
||Steet Kids Direct|||375||375||
|Sub-Totah Overseas||Mission||2,725|606|3,331|2,694|
|projects||||||||
|Home Mission:||||||||
||Seniors Events/Keep-Fit|||366||366|204|
||Lighthouse|||1,000||1,000|500|
||Wycombe
Homeless Connection|||1,500|606|2,106|1,844|
||Football Club||||||250|
||Alpha||||||61|
||WYFC|||400||400|400|
||Schools Ministry|||129||129|14|
||lain Rennie Hospice at Home||||606|606|344|
||High Wycombe|Mutual|Aid||||206|
||Love Fund|||505|702|1,207|1,912|
||Love Wycombe|||400||400||
||Welcome Churches|||1,500||1,500|1,500|
|Sub-Totah
Home Mission||||5,800|1,914|7,714|7,235|
|Ministry Costs:||||||||
||Staff Pay|||125,526||125,526|151,228|
||Parish Share|||136,723||136,723|130,757|
||Staff Expenses|||7,633||7,633|12,914|
||Children,
Youth|& Family||3,342||3,342|1,487|
||Events|||10,713||10,713|3,082|
||Music &Worship|||3,524||3,524|1,476|
||Printing & Publicity|||699||699|1,030|
||Diocesan Costs|||2,422||2,422|1,504|
|Sub-Totah
Ministry Costs||||290,582||290,582|303,478|
|Church Management|Church Management|||||
|---|---|---|---|---|---|
|Office|Management
&Admin|12,473||12,473|9,817|
|Fabric|&Maintenance|25,826||25,826|10,599|
|Utility|Costs &Insurance|29,036||29,036|11,526|
|Sub-Totah|Church Management|67,335||67,335|31,942|
|Charitable|Activities Total|415,489|3,720|419,209|392,460|
||||||Total Funds|Total Funds|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|2022|2021|
||||Funds|Funds|||
||||f|f|||
|b)
Other Activities|||||||
|Depreciation|||21,711||21,711|21,226|
|Cafe Costs|||42,884||42,884|6,744|
|Staff Leaving: personal||gifts||||2,288|
|Costs relating to the construction||||13,320|13,320|989,776|
|ofthe Trinity|Centre||||||
|Total Other|Activities||64,595|13,320|77,915|1,020,034|
|c)
Support|||||||
|Independent|Examination/||2,070||2,070|2,367|
|Audit Fee|||||||
|Total Expenditure|||482,145|17,041|499,186|1,414,861|
##
|,
FIXEDASSETS||||
|---|---|---|---|
||Freehold
Land|Equipment|Total|
||& Buildings|||
|Cost||||
|Balance as at 1e Jan 2022|79,676|123,507|203,183|
|Additions||7,476|7,476|
|Balance as at 31Dec 2022|79,676|130,983|210,659|
|Depreciation
Balance as at 1"Jan 2022|56,912|22,802|79,714|
|Charge for the year|3,524|18,187|21,711|
|Balance as at 31Dec 2022|60,436|40,989|101,425|
|Net Book Value||||
|As at 31"Dec 2022|19,240|89,994|109,234|
|As at 31e Dec 2021|22,764|100,705|123,469|
|(Th
5.|e Oxford Dioces
DEBTORS|e owns all bu|t the Prayer St|udio, although
they are a|ll maintained
b|
|---|---|---|---|---|---|
|||||2022|2021|
|||||E|E|
||Gift Aid claim|||4,829|5,042|
||Prepayments|||1,995|3,604|
||Other debtors|||10,891|5,338|
|||||17,715|13,984|
|6.|CREDITORS due within one||year|||
|||||2022|2021|
|||||E||
||Independent|Examination|fee|2,040|2,340|
||Trinity Centre|||43,800|43,800|
||Other creditors||||3,244|
|||||45,840|49,384|
##
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|||2022|2021|
|---|---|---|---|
||||E|
|Salaries and|wages|144,866|142,348|
|Employers'|NIC|1,859|4,411|
|Pension contributions||3,982|4,469|
|Employment|costs|150,707|151,228|
|Staff expenses
and other costs||7,633|12,915|
|||158,340|164,143|
##
##
|Trustee|||Related Trusteeships|Related Trusteeships|Related Party Transactions|
|---|---|---|---|---|---|
|Steve Whitmore,|PCC Member||Trustee for|Wycombe Youth|Holy Trinity Church,
Hazlemere|
||||for Christ||paid a grant off400to|
||||||Wycombe
Youth for Christ|
|Carole O' Brien (Catering Manager|||(was) Trustee for||Holy Trinity Church,
Hazlemere|
|at Holy Trinity; sadly passed away|||Lighthouse,|Hazlemere|paid a grant ofE1,000to|
|in 2022)|||||Lighthouse,
Hazlemere|
|Alison Tuddenham|(Childrens|&|Trustee for|Lighthouse,|Holy Trinity Church,
Hazlemere|
|Youth Worker at|Holy Trinity)||Hazlemere||paid a grant ofE1,000to|
||||||Lighthouse,
Hazlemere|
##
||Opening|Income|Expenditure|Transfers|Closing|
|---|---|---|---|---|---|
||Balance||||Balance|
|UNRESTRICTED||||||
|FUNDS||||||
|General
Funds|283,747|495,424|(460,443)|(14,456)|304,272|
|Designated
Funds:||||||
|Fixed Assets|123,469||(21,711)||101,758|
|Total Unrestricted|407,216|495,424|(482,154)|(14,456)|406,030|
|Funds||||||
|RESTRICTED||||||
|FUNDS||||||
|Buildings
Fund|||(13,320)|13,320||
|Special Offerings||1,372|(1,817)|445||
|Love Fund||450|(703)|253||
|Personal Gifts||762|(1,200)|438||
|Total Restricted||2,584|(17,040)|14,456||
|Funds||||||
|TOTAL|407,216|498,008|(499,194)||406,030|
##
||Opening|Income|Expenditure|Transfers|Closing|
|---|---|---|---|---|---|
||Balance||||Balance|
|UNRESTRICTED||||||
|FUNDS||||||
|General
Funds|226,783|540,182|(399,934)|(83,284)|283,747|
|Designated
Funds:||||||
|Fixed Assets|32,956||(21,226)|111,739|123,469|
|Southcote
Fund|401,234|||(401,234)||
|Total Unrestricted|660,973|540,182|(421,160)|(372,779)|407,216|
|Funds||||||
|RESTRICTED||||||
|FUNDS||||||
|Buildings
Fund|95,738|103,955|(989,776)|790,083||
|Special Offerings||975|(1,032)|57||
|External Grants|322,361|95,000||(417,361)||
|High Wycombe|191|15|(206)|||
|MutualAid||||||
|Personal
Gifts||2 688|(2,688)|||
|Total Restricted|418,290|202,633|(993,702)|372,779||
|Funds||||||
|TOTAL|1,079,263|742,815|(1,414,862)||407,216|
##
||Unrestricted|Restricted|2022 Total|2021 Total|
|---|---|---|---|---|
|Fixed Assets|109,234||109,234|123,469|
|Cash and Deposits|281,723|43,649|324,923|319,147|
|Debtors|17,563|151|17,714|13,984|
|Creditors due within 1year|2,040|43,800|45,840|49,384|
|Net Assets|406,031||406,031|407,216|
##
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||Funds|Funds|||
||||Note|E|E|||
|INCOME||||||||
|Donations|||2(a)|482,562|202,509|685,072|903,366|
|Income from|||2(b)|18,805||18,805|8,027|
|Investments||||||||
|Income from Trading|||2(c)|16,276||16,276|3,038|
|Activities||||||||
|Other Income|||2(d)|22,539||22,539|22,611|
|TOTAL INCOME||||540,182|202,509|742,691|937,042|
|EXPENDITURE||||||||
|Expenditure
on|||3(a)|390,822|1,637|392,460|382,583|
|Charitable
Activities||||||||
|Raising Funds|||3(b)||||2,358|
|Other Activities|||3(c)|27,970|992,064|1,020,034|946,496|
|Governance
Costs|||3(d)|2,367||2,367|4,277|
|TOTAL EXPENDITURE||||421,160|993,701|1,414,861|1,335,714|
|NET||||119,022|(791,069)|(672,046)|(398,673)|
|INCOME/(EXPENDITURE)||||||||
|BEFORETRANSFERS||||||||
|Transfers between||funds|9|(372,779)|372,779|||
|Net movement|in funds|||(253,757)|(418,290)|(672,046)|(398,673/|
|after transfers||||||||
|TOTAL FUNDS BROUGHT||||660,972|418,290|1,079,262|1,477,935|
|FORWARD||||||||
|TOTAL FUNDS CARRIED||||407,216||407,216|1,079,262|
|FORWARD||||||||