HEGJsfERED CHAIUTY NUMBEIL. 1129065 REPORT OFTHE TRuvfEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEARENDED 31 DECKMBER2024 FOR THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARJSH OF HIGH WYCOMHE ALL SAThTS THE PAROCHIAL CIWRCH COUNCIL OF THE EcC￿lAsricAL PABJSH OF HIGH WYCOMBE CONTEfus OFTHE FINANCIAL sfATEMEKrs for the Year Ended 31 December21)24 R¢portof th¢Th¥t 10 St•t¢ment of Fin￿111 Aedvltl&4 12 Notes to the F]nw￿l￿ Sth*rnents 13ty21 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLLSIAsficAL PARISH OF HIGH WYCOMBE ALL SAINIS REPORT OF THE TRusfEES for the Yt*r Ethded 31 Dec¢nbb¢r 2024 The Trnstees present their report wilh the finon¢ial staternents of the Charity for the year ended 31 D&*mi*2024. Repub]icofIYd￿I IFRS I￿1) leff￿live l J&wary 2019). OBJECTIVES AND AcrtVlTILS The PCC is committed to enabling all ￿￿pIt to *K￿h1p at the chvftth WKI to becomepart ofthe p8rtsh community at All Saints.. The PCC maintsins an overview of Mvrship througlwt the parish and makes su88e5tion5 on IKTrW service5 C involve the many diverse wups that live within Ihe wish. Th¢ servitts And worship exFffess and nurture f8ith thTOU8h prayer. 5cripiur4 mLL8iC and 52cramental worsbip- a place for Ithle ￿mrn￿n1ty to encounter God. That faith is put into practice throu8h mi55ionaL twtor8L evaTh8elisti4 sociai8rtdecume￿Cal en8a8emenlwiththe ptrisl4 andwider worl Vlhen plat)ning activities during the year. the Reaor. PCC. Sh8ted Leadetship Team and Ministy Team considtr th¢ awity Commission guid8rtceon public benefit in Fwtl￿￿ar.thcWiflc guidance ¢m eh&riknes for theadvattcem￿t ofreligion. In pftrticular. emphasis isgivertto emabkO￿1nIry pwkto liveouttheir faith &sp*rtofourparish ￿Mmunity through.. Worship and prayer. leaming aboyi the Gospel. and d¢veloping Iheir knowl* in Jesus: Pmviding pthral care forall pw•k Ii*iD8 in the ￿￿1$￿. Missionary and ou11r￿ worl. Making the church milable for community ￿ within Christian and secular 8roups" and. Encouraging ￿ fellowship. (XW￿lOn and ￿￿ErStandIng within the ￿mMUnity. In supp)rt of thtrKobjectives. has an empha8is on exmding hospitaliry. together wtth improv aceess and availability. We 5th to en8bk the wider comrnunity ￿ feel Mtkome And share in the use of the building. To facililth this it is tin[￿ that the fthic of the Churth of All Saints. is rnaLri￿ to the hi8hest rnssible 5tandardeommth5urste with theresowces thftE￿ providtsj forthisttsk. Inthep&d this t&%khas fallen to rich bEnefa¢iors and the con8iegation' hO￿￿er, for fuiurt as a GT*le I listrd Building at the hcart of the town, wÈth a ILiStory d8tin8 back to the I lth century. it is appmwi¥¢e that the wider High Wycomk ¢))rnmunity is aware of the historical and 8rchitcctural importance of the buildin& As a spiriknjal and activity hub rf the tr*art of ￿1vIty Tn the ￿Wtt. hop¢ that more will see the v81ue of (x)ntributin8 towards the *eep of All Saints. Fwid-Tai$iTh8 a¢tivi¢i¢s *)d 8pp¢•ls this ye4r hftve 4yorted locaL national •TwJ relief a8encies, &% well community focused nu]sing, rnenthl health. ChTiStian youth & refugee 5ervice5. We provide a wann SPA￿. th>nation- based caf4 Iwi¢htim¢ concerts athl wlar conununity meals for ftllowship 5uprA)rL There a150 been a very genetous reS￿)nSe to the ur8enl need for T4Mir and replaceEnent ofmany of the tower steps. as well as rntsing fvnds for the major work to restore the South PO￿ within th¢ wider SouTrJ Light Space proje¢L This will require significant ditionai fithdraisingaetivity. Theseprojectswi11safe8uard theheritrgA but81￿ impme the fimc¢iono]ity mdam¢nitie5 wtthin the buildin& thereby InCr￿Sin8 its we al￿ appl forthc w&d￿￿MMunIty. P*ge I THE PAROCHIALCItURCH COUNCILOF THE ECCIESIAfflCAL PARISH OF HIGH WYCOMBE ALL SAI￿ REPORT OF ThE TRUSTEES for the YtAr Ended 31 Dece4Dber 2024 ACHIEVEMENT AND PERFORMANCE All Saillts- Revltw of the Yar 2024 It is a b¢&utiful thing to be part of s￿h 8 vibrnnt c4)mmunity. # churth with a heart for k>ve 8nd mission in the heart of our community of High Wycombe. This re￿t will onty touth OJL ￿rne of the hi8hlights from the year, Ind those who read it will doubt hAve maty ideLs of wlhat I have fwth- my 4x)lo¥ie4 but there is so rn￿h1 Weekty eYetst& Every wttk is be8￿ with CAd in the tKewbzofJesus ￿ the Eudwisl Wbth a few doli¢•t¢d m¢etin8 for th¢ Book of Common Prnyer wmmunion befo￿ the larg¢r8athering of the churd) community atthe P8rish Eu¢h¥rist service. Every Sunday evenin8 is held in prayer. rn05t in Eve￿￿& chor81 * the start of each mDntty with OCe&sional Ledby ihespirii Euchawt drawin8 a dIffere￿t o)mmunity tO8ether in Contem[K)￿ wDrship. Each day of the wrtK the Mu518rd Seed Café is opth to wel￿rne visitOf5 4TMt re8UtaT5 alike through ourd￿￿ run by a diverse dedicated group of volunteern On Mondays Agk*rious Lundjtime Concert draws in * full church to hear togeth¢r the gift of music and Monday evenings see the Bell ringert wactising their talents and the majestic wuttd is he4rd throughout the valley. A Conmctions Sw Drnpin and NHS advice servitt regularly rneet clieiits itt the thurch and every Tuesday evthing IIM)se on the ul8e ofour ￿mMunity come ￿gether to sh8re a me81 ai Ihe Mustard Club. On ThU￿13Y ev*Jin8s. the dM)ir praclicu uTh4erthe awKes ofoyr Mu51¢ Direaor athl ow Or88nisl. The week is almostelosed by Small Saints meetin8 tO8etheron Fryjtys forplay and worship. An4 b8￿Ing iMt, the tlower ladie5 d￿0[ate the dwrch with xlme ￿aZIl￿ a￿ents ￿l￿￿￿eXCellenteIe￿ kttps the plxe sparklin& Monthly alld Irregular¢vents 2024 saw the slow Ix8inninBS ofour Youth Group that we artd prny will grow in PUFose and regularity. The Repair Café meets monthly on the 2r4 Saturday in church tt) reuse and w¢le thatwhich might otherwise be ¢htDwn away. A Men's Group meas on ocwion to drawtO8ethcr and talk over some food drink. And a Craft Gtoup comes into Chwrh on either the 2 or 4 Sundttys to tr￿e ithliv￿￿ll or grow) pmFds. 8Dd hold frien(Lship tO8ether. EvtDts thrfjDgh the year 2024 saw I I baptisms. 5 confiEmation8 2 weddins% 22 ￿lebra￿l at0rthrn￿ All Saints. We ￿50 hdd 14 differing sttyiees. frorn mernorials to Harvest Fe5tiv8ls Carol Services. ond 6 con¢¢rts from some vay talented group& And 9 xhools and 0theror8anisatio￿% arranged to visit and tour the churth buildin& Jallyxry-F¢brn*ry A5 theyw k8an we cekbrated tO8th F•iphany with the blessi￿￿/1￿ chulL semltngeveryone home ￿ mwk their lin￿1$ with 20+C+M+B+24 to bless theyear in thed*kest of n￿0th$. J8nwry alg) $8w sigThif¢c•nt'steps' in the tower steps long repair. Feinwy itgan with the Churchwardcn5' thank you to all the many volunteers who suve the parith e[￿ble the mission of the churclL Ash Wednesday came on the heels Orc￿On8S atMI Lent Groups started watchin8 I08eth￿ and tsjking about Tr Clw¢n, the TV series OD the lift of Jw with qU¢stiO￿ prcpartsl by Rcv. Ant Dixon of St Andrcws. Chiltem R8n8er8 and volunteers from the ¢hurth ontt moT¢ on thethurthyawd to eut out some nw)re ofthe nonp#￿]¥¢ shrub5 aTLd ¢lcarthc sitt. M8tth-Aprll March begm with asrying clrln ofthe churd4 t￿￿1]ngoUl the rnK)ks cThJnie4 clearin8the dcbri50f 8year (or so). The cnd ofthe month the close of the knten and the8￿ fea# of Easter. At Passiothtsde. the reJYi*)s aod statues were ¢o*rtred as we tsted tk church further in LthL" Patm Sunday IyTh tr¥diiionaily outside with the wavingof the undw the Guild Ha]I' and Hoty Week had 8 series of rneditatiOTLS lewJÉn8 into the foot (and hand) wa5hiTrg of mall￿ Thltrsday. Rev. Jackie Lock took charge of the Tiidium and ted us through &meditative G¢yyJ Fridw with appropriate musical intcrvals beforethc dKyif5an8 the P&ssion from John's gospel in the IASI Hour. FAsler awoke to the fire outside the West th￿9￿d Derek skng the Exfultsi befowe *t setded thwn to Ixe4kfasL Page 2 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTIC4L PAIUSH OF HIGH WYCOMBE ALL SA￿Ts REPORT OF THE TRUSTEES for the Ye•r Ended 31 Deeembtr 2024 ACHIEVEMENT AND PERFORMANCE AJI Saints- R¢vi¢w of the yeAr21n4-￿￿tiDUed April a18rge wup gather fOran.Aw￿ Day. * Hoty Trinity. Hazluwq tr) listryh and disc￿￿ the Livin8 in )ve ond Faith o)urs¢. May-JuDe May w&s quieter. but wt ctlebratd wme 0f0uryw￿ wple thitted to ￿[n￿UllE0n. June's highlights ineluded the tkDay Atmivetsary ServiL* on 6 Jun< the F¢4ival of Wellking (m 15 Jufte despite the atrocious weather. and the Hustings for theGener8] El￿1%)n 21° June with all the part% rqresented and &hUrtd￿ gathe￿ to hear their options. The Archdeacon's visi￿lOn Serviceon 26 June 8athered togdkn the Chturhwarden's from auoss South Buck4 with a few from the Ix)rder. Juty-Awst A quiz night on 5° July draw us in 9)me gxial IMBhter. t￿rIng Juty. awup met togdherto Wther Ihe various Biblical texts ffl*ing ￿ Living in kne and Faith on a few Sthrday morntngs. A Pride SuYi¢¢ celebroled on 17th AUg￿t with manbu5 ofthe LGBTQIA+ commwjity gatsing in the chU￿h to hearagain that they are Jovd by C￿. after. the thurch bad ast811 at Pride 8nd 8aveout c4ke5. Septemberthtober At the startof sept￿be1, the Mayor's Chairtsken aw8y formwh T*ded IEW. Wyryjrnbe Celebrate& a tthv festival, held on 8th Septhberwith some wondethl ¢Yaft wups in Ukrninign dancin& ao)mbined thoir io sing 108ether and close the cdCbratio￿ A Cre4tK)n Care gro￿ rnet forth¢ firstli¢n¢ todixuss Im¥ th¢ ¢but¢h ¢wld mov¢ fonYaTd ertvimnmentsI issues. Heather jOhnsth￿ from CMS ¢￿Ille atwj prewAKd October. In late OL*ober. the UnFeen E£hoe$ exhibition of pl￿graphS on dom¢stic abuse w&5 displayed around the iwildin& a set of image5 thatdraw attention to the issue by IDoking at theobjects th* tell the s￿l]eS of the people afftt￿l fiom different prytetives. The monthelosed with the of B￿kin8b￿li￿¢.S Potvy Apr￿1 on 26th All Sfiin November-Dectmbtr On the 16th Novemlxs, the town's (Jwists Li8hts switchcd on and we h*1 a5th11 outside the clwrch invitin8 pA)pk to WTi¢¢ th¢w chris￿ prnyets. TheCivi¢ Remembrnrte held 8tAll Stiints on l(vthNovemberwith a wked thurci and Remembrance Services also heldol BNU th Royal StsraThJ Garttron I lth November. Noveinber ts also a monthof rememberin8thoseckw to us and was framed by th¢ two seTvi¢e& on PNovwb¢r our All Souls servict and ¢)n 30 NovcmE¢rthe Li8ht up a Life Service held to brtnE to heart and mÉn4 snd hold before G)d in prnyer. those who have gone kfore ￿$. Decemberbegan with the 8knrl0￿ Advent C8roLs on the 1°. a￿01 Service at BNU on 2 D￿ber. Chri5tm&s wove in¢xtricably inio Advtht with fimof Chriswcrnfi Fayre. LY&mplctr with handbEI]s atKI catolling thng5ide all the splendid creation& The Christiw Tree Fes¢ivo] trees came into chureh on 16 DeL%mL*r Ind were d￿￿ed within itth of their folia84 and we cekbrat¢d with amThllous SForkle Evening on 2￿ Dectmber. awisthias Eve saw the now tradilional'cribtingle.. a lovety math-up of thecrib and Thrislin8]e servicffj with wme 8mazin8 r*rfonnan from ￿￿L￿dIng uncles and grand&ts-as the childrtn entered the dwrcl4 they W¢fE told they ￿Uld dresNp in the NatiTrity characters, or &es54EP their fflaiiv¢s... Ihy did Tr)t di58N￿1thL A huge thank you goes outto ail thew)ndthl 5￿ff8￿1 %￿lUnteerS make all this wible. Particularthanks must go to Jen and Lis who w￿r our chwchwardens for the fiTsI quartcr. arKI to Stevcwho kft us in February. Mark who took up those rei8ns, and to Thistk WI￿ worked so bard thmu8lM)UL All this is. as alway& ¢)rtty possible by the dedication of tlK ehurch who I￿k to the mi&sion Ofjes￿￿t0 share the ioveof God our*vA& Well done to atl al￿ thank you. Fr Anthony Page 3 THE PAROCHIALCHURCH COUNCILOF THE ECCLESIASTICAL PARISH OF HIGH WYCOMBE ALL SAINTS REPORT OF THE TRUSTELS rorthe Ye4r Ethded 31 Deeember2Q24 FINANCIAL REVIEW ResNIts for the Y¢¥r The results for the year and financial tnsilioD of the Parish are as slL)wn in the aTmexed firAncial stat•nent& Summary Tola] income for Ihe year w8s %279.616 with totsi exp￿I￿re ￿t￿U￿tIng to £266.867- Giving a headline Surplus of £12.749. Although fijndtaising was lower than 2023 (when we the Tower Steps aprAI), churth aetiviti4 propttty r¢ntsl and int¢t¢st were ExFaikne w&5 up. mainty th* to utilities. stotKwork inve5lk8ation5 and public prO￿tIon #row￿ the South PorclL There wete net revaluation rnaking an arts)unts swplu5 of£19.964. FocU￿l￿g on nornthl budgeted item& (excluding £10.172 of unbjdgeted lthoff legxTres), itKome was £269.444 against a budget of £259,226. Pknned giviTE was 2% 8Ad thett were matty generous resp)￿ to our All Saints Gift Dw. There were singl¢ donations totslling £11225. with a projexled n¢t snnual in¢ru5¢ of £7220 in Pl8[￿ed Givin& There WAS 8re8t COMM￿lty engogementwith our christm￿ Ctaft Fayre and Trtt Festival. Totsi eX￿ndItuTe. at £266367. resulted in a budgd it¢m 5wpIu5 of £2J77. How¢ver. phnned ¢xwditure also includeAI additional £14.737 forthe Mi&sion and Ministy fLmd. in PIq￿￿10n for new rninistrie5 Starting in 2025. Initi81 fund5 have been all0￿d. l)utthis left a sIM)rtfall of£12.160 against the plan. Thiswiil need to bE ddreSs￿ overthe next tw years, 8s the Mission aTwJ Ministy tar8et rises (£18.000 itt 20251. Th¢r¢ is a growing sens¢ of community 4nd (x)mmitsna￿ to the of the churth being led by Fr Anthorty. The financi81 ¢h8llenges ￿ntinue to be the Monework and South PoTth restor￿10￿. within the Sound Light and Sp￿¢ ptO8ramrne. However. the oew ministries will enhthKeour tthiS5iott engagemetht Wtth the widttcommunity. Funds Income and expendith for T￿Minated aLXivities such as the Caf4 Ow. Community Meal& Church Fabrie etc. are all(￿at￿ to their irKlivid￿l fithds. This allows for dir¢¢¢ p8yments or trnnsteTS to be rn￿e frnm the geneT81 de5i8llated in accordance with approved ty Ihe PCC. During 2024 the nmin transfus were from d¢siwwted and genernl rullds to the 'Youth, Children & Families Ministe¥. fund {£11238). to cover sa]ary and patsion wts. The4t was also a lrnnsferof £900 from a Sch(MTrl C2ToI Suvice colltttion towards the oj￿ R¢s￿l#10n quoles. A transfer to the MÉssion and Ministy fi]TwJ vas Made afterthe yearend. In ovetsll vaJu4 all 8rt in credit The Sout¥J, Light & Spxe pn)ject 1]￿ludillg the South Porch resknratK>n) will rEquiresi￿1rY￿l fiknin8 and Money Refeived frnm GovtrnJD¢fjt Nonnalty. only rnniEs reeeived from GOve￿￿ent X)UrC￿ are the Gift Aid ￿fin￿lS from HMRC. m*Je on donations received from UK taxpayeT5 and thc GiftAid Smajl DDDations Schem& In2024 these amount￿ to £33.184. Additionajty 2024. £3.871 VAT was refvnded on the srone survtys artd slep5. This w&$ u￿ler the Listed Pla￿ of Wotship (LPWI Gr8nt Scheme. For 2025r26. there will be 4 cap ort claims of£25K lirnitin8 the fiuMlin8 of rnaior prnjects. Restrvu polky The PCC IK)Id5 reserve5 in a number of funds most of which are desiwid 8s per name of the fund. pending the expe¢ted expenditure &% outlined in the paragraplLS alx>vt. The CBF Gener￿ Dep)sii Lloyds and CAF Bank acLX)unts hold the workin8 reserve for ¢he ¢haTity - ideally b) cover 3 5alarie5 and fre5. In previo￿ Ye￿ it has been diffi¢ultto maintain aL%>nsistent level ofre5erve. Asof 31 DcLxnber2024. th¢ thaTity Iw ¥hi¢vtsJ this target. (This wa5 without the ba]ance of a proputy saje, which will bE usoj for urgent works and the South Porch. when the way foThvard is a8reedl. Th¢ General DeFrt)si¢ ond CAF Bank higher in¢w51 •ccounts thre used to knld restricted and dEsignat￿ funds. Givcn the continucd unccrtainty of the f￿￿KIal tA)sitIo￿ a La)Aservative apwo*h to invests))ent Iw been tsk¢n. Value of the Chwrell li is imp¢)ssible to give an xcurate figwe for the value of the Chuwh and its cott￿ irt of the Statement of Recommended Pr8Ctio The Chur¢h is a Gr*k l Listrd Building of gre*t The ￿ntent5 are accurately reLX)rded in the Tellier and InventtTrry. ILst pYes¢nted 81 the Atwwj Meeting of P•rishw)ner on 28 April 2024. A valuation for insurance purposed was eompleted ty the Ecclesi¥tI￿ in Marth 2022. P4e4 THE PAROCHIALCHURCH COUNCILOF THE ECCLESIASTICAL PARISH OF HIGH WYCOMBE ALL SAIF4TS REPORT OF ThE TRUSTEES lor the Year Ended 311)tcember2024 FINANCIAL REVIEW- eontimued L%gacies Policy The PCC, through the SkwardshipandFinan¢eGn)up. pemdl￿ty manbetsofth¢¢ongr¢gati(Trn asto thettnefits of leaving a legacy to the Church in their wili& The policy tOW8rts exwdilure is that any Ur￿￿tricted monry received should Ix earniathed to ¢opitsl projects wher¢ reco8Thition of the donor wi be made rather than j￿t deem￿ to be art Jditional sounx of revtnue. Unrestricted le8xie& ofwhKh ttKrc was one in 2024 aTKi m¢￿rIal doMtion4 ate placed in the Lcgacie5 Fund untLI the PCC des1￿c5 ￿tre suth ftw)nte5 are to be ￿lOCa￿d or sprrt Rcstri¢(ed legacKes. of which thtte were ￿ne in 2￿￿. are all￿ted ID *XY)nknwith thE tern%of the thnatIo￿ or 8greement with the [￿mIly. EVENTS SINCE THE ET4D OF THE YEAR Quarter one of 2025 i% rutmin8 with ? rolling balarKtd b￿SeL In re•JiDess for the new ministriffj ￿lch start in quarter two, the budgettrA fiuLd5 from 2￿24 have been tr¥Lsfurtd ￿ the Mission & Ministy fun4 to covcr the fith]re Incre￿ in Parish Share. Also, preparation 15 underway to tra￿sfer a church wpety from reDtsJ to aLYx)rn￿ti0n for the new These chattges will lead￿ dcficit bud8cts in 2025 and 2026. drawing frorn the ￿Ssion & Minity fill￿, whilst we knpe for further incJY&8es in givirt& ￿ sust8irt these mtnistries from 2027. There will a150 need to be itKreawJ f￿u$ in 2025 on stonework n￿Inter￿le¢ and gaining agreement ￿ develop dethikd pmposajs for the &>uth Porth and wider Soun4 Light & spa￿ pmjox Incol￿nI1￿g audio•visua] development and rel￿&110n ofthe or8an. These will neal sI￿1r￿t ￿1110081 fimdrwit STRUCfURE, GOVERNANCE AND MANAGEMENT BA£kgrnuDd The Parish of High Wycornb2 All ￿ints. 15 th¢ Parith Chw¢h of the High Wyo)mbe Team Ministy. The Parochial urch Council (PCC) is a coryorate P￿Y establislxd by the Chwcb of England. The PCC operates undtt the Parochial Church Council {Powers) Measure 1956. The PCC cmpuates with th¢ R#&)r in PTomoting the whole Mrssion and Vision of th¢ Chtrth: paknl, evaTr8distic. social &umen]￿l. Governing DocumeTht The PCC re8iStered as a charity with the Comrni&%ion with effect fmm 8th Apftl 21#)9. The PCC is Bovttned under the PCC P¢)wu5 Measure (1956). a5 and the Thurdl Repre5&rt*i￿ Rule PCC Organi5atioD*l SIT•ctsre Memberxhip Membersof the PCC areeither¢x olricio orderted ¥ttr¢AnM￿ Pthiaj ThurchMtttÈng (APCM) in t£e0rd￿CeWIth the ChU￿h Representation Rule5. Th¢ (kny40-day mana8ement of the PCC is delegated to the Reetor 8nd Churth Wanlens. All SainL8' High wy￿rnbe is alw p¥rt of the High Wy¢onkneTe4tn Ministy. a tO￿￿WIde benefice of six parishes over which the Father Anthony Sezrle is Te8m Retknr. There are individual pfyrish PCCS and a separnte Team Benefi¢¢ cou￿11. The PCC is al￿ the MaT￿Ing Tn&¢e of a k*grity knowD 05-the Oakley MeTh)rial Churth L•Js Brigade Drill Hall in the Borough of High Wycornbc in the County of Buckingham eomprtsed in a o)nv¢y•)¢¢ datol 24th December 1906. ("the Oakley H811 Trnsl'l Lthder whith the premises comprised in that conveyarKe (now represented by the premises eompri5cd in a Ic&se dated 6th Novemtw 1975) were lo be held as & church h￿1. mission rwm. parish room, classroom. meeting T￿rn or lectUTe etc.. with ￿Wer to Id ¢Xo Th2 of thc oakley Habl Trust arr ¢onsolidated in THE PAROCHJALCHURCH COIJNCIL OF THE ECCLESIAsficAL PAIUSH OF HIGH WYCOMBE ALL SAINTS REPORT OFTHE TRu￿￿s for the Yur Eoded 31 Dec¢mb¢r 21 sTRU￿uRE GOVER14ANCE AND MAI¥AGEMENT PCC Org•Di￿tiOn*1 Stry¢tsr¢- ¢fjntin¥ed During th¢ yw the followi￿ 5¢ryA4 05Tru#tt5 and memttts ofthe PCC: Ckrgy: Reclor. AsS￿l4t¢ Pri¢sL' FatherAntlKJDy Se4rle •# Reve￿nd Jxkie LL*k *# Licensed Lay MiDiStus: Miss Maween LamF•rd * (NotTnL%tee) Children & Families Ministrr. (Forn)￿ly Roger Vere Yoth Work¢t) Mts Robyn Corthdty Church Wardens: {to Awil 2024) {lo Awil 2024) Honorary Deputy ahurch W8rden: D¢an¢ry SyTh)d Members: Mr Barry fitrhen {ty 2026) (￿ 2026) (to 2027) (to 2025) (ts) April 2024) (to April 2024) (to April 2024) (to 2027) (to 2027) 2027) April 2024} 2025) (10 2025) (kn 2026) (to 2026) {from April 2024) (from April 2024) {CovOPted frorn April 2024. Not Tntsttt) {Co-(ytrd from April 2024. Not Ttwtee) PCC Memi%rs: Mr5 LYndam￿rc[oft • Mr Philip Hynard Mis5 Elizabeth Martin Mr John Lord Mrs Sheila tkni8 Mr Edg8f SomuEI Mrs Da￿ Segrue. Mr Mark JohL4)n Mrs Jehn Johng)n Mrs Jacqui Bmrley Mrs Mi¢helle Neude¢ker' Mr Mike S81 Mr5 Jo￿￿Y￿ Lue Mrjohn LLMd * PCC Secretary: Mr Philip Hynord. Mrs Jacqut BTearley' April 2024) (from April 2024) Ditector of Mwic: Mr Philip Way (Not Tru*e) EI￿lOral Roll Offi¢er. Mr Errol Baktr Mrs Lo (to April 2024. Not Ttustee) (from April 20241 Parish Admitiistrator: Miss Eii7AE¢th M*tÈn (Not Trustee) * Denotes membershipofthe PCC St8nding ComrnitteelSh¥ed Ixtht51llpTe # Denotes membership of the Ministy Team P88¢6 THE PAROCHIAL CHURCH COiJNCIL OF THE KCCLESIASTIC4L PARISH OF HIGH WYCOMBE ALL SAIN75 REPORT OFTHE TRusfELS for the Year Ended 31 Dettmb¢r 2024 STRucfuRE, GOVERNANCE AND MANAGEMENT PCC OrgaDigatioDal Strn¢thre- coDtiDKtd Other OfflEers (not TruJte4 uDle%s otherwtse *tst*d) Activities Wld H05Pitality: Mr Stephen Lin8¢r Mr Mark JOlu￿￿n (kn Ma￿h 2024) (from May 2024) Arts Spirittwjity: Mi55 ElizAbeth Mffiiti (Tn￿) S8feBuordin8 Offic¢r. Mrsjo Norm•n Mrs Robyn Connelly (to Juty 2024) (fiom July 2024) Mlnigement OrgADls•don The PCC operates thtough a number of dele*d 8rwp5. he•Jed by members Dfthe Shared L¢thrship Tearn (SLT): Shtred Leldership Tewn & Stsndln8 Committee: Key mernbuyofthe PCC1•5 indicthl by ') re5wsibl¢ for fonnul4tin8 strate8ie ptrish p)licy (b￿rdInatin8 Inani8ement. Ministy Team: CIu8y, LiccNed lay Minist¢ts the ￿lId1¢￿ & Fwnilies Minis*r (As indicated by #) resP)￿ble fordl stsff. Ministy and PAS￿1 m•tta¥. Children & Farni]i￿. Rwnsible for the or8anisin8 of aaiviiies and the ￿8￿ra1 care of childre yoiin8 peopl¢ and families. Also for All A8e Worship. preparntion for Communion, Confimi*ion and w>rk with ￿h0o1$. Mission & Evan8elism: Re4wiNe fortr* mis8ioml us¢ofth¢ Iwildirf$). Iwithjity. en808eiwi wtth the widercornmunity. filth in #tion knd (x)nllnunie&tion of the Gospel. Worship & Litsirgy., ReS￿nsIble for pl•nnI￿ and deliw of worship: Liw. Music, Choir. Sid¢%pAWe knd visiiing speakern. Stew&rdshlp & Finance Group: Resp)n5ible for fin￿¢111 plarthin8 ond MAn￿ement ofthe church account& together witty risk mwemenl planned ond lax effieient 8IVLn& BuiidinBs & Fthic Gioup: Resp)nsible for the planned inSp￿tIOns. m*int•thnte knd repAirof the ¢hurth I￿1]ding and house5 owned or m￿age￿ by the PCC. Educ￿70￿ & Discipleship: Rewnsibl¢ for e[h•bli￿ and cO￿rdin￿lTr8 study and eduAtion Communicotio￿. Rewnsible for interf￿]￿8 with the wider publiq use of the web5it4 ial rnedi4 Fthlicity. di5piay& Art & SpiritU81ity: Exp8Nlin8 the community usc experienL% of the chur¢h through art and ertllivity" developing non-litiY8ical Spirits￿ ￿nneCti¢m$ and the l&iet Space. Oaklry Hall M*went Group: This 8roup 15 It4￿n*￿e forth¢ rnana8¢m•* and I￿nIng of the Oaklq Hall. Projeet DeveltspmtnL' Mang8iD8 re-ordering prom d¢velopin810rt8tt4tym p￿$ forthe chwth buildin& and or8anisir4 fund raising for these projecL* Fund Raisin8: Overnees Thi)r fitth4 r8ising *Yoss all of churth lif< mission ¥JJd vision. THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HIGH WYCOMBE ALL SAINTS REPORT OF THE TiiusfELS for the Year EDd¢d 31 DE¢embtr 2024 STRucnJR4 GOVERNANCE Af4D MANAGEmE￿- eontinwd Risk mAttag¢m¢Dt The TrUS￿$￿veaduty to identify 8nd reviewthe ri5kstowhich thr charity is exposedandtoeDsureappr¢)priatea)ntroIs 8re in plaL% to provide Yea￿E￿Ile agai[￿¢ frn￿l and error. The Shaff4 Leade￿hIP Team (SLT). on behalf of the PCC, maintain5 Ov￿1 supervision of the key arwof ￿ l>uildings stafftlrou8h dire{* linem•n8gernentor th￿￿8h nominatcd gmups ffsp)nsible to the PCC: The Hon Treasurer is resFKJnsible for the day-l￿daY financial mana8ement of the charity and wvKdtng 4)ecialist advic¢ to the PCQ SLT and t&%k 8TOUPS. With the exeeption olitittttwl transftrs of Twney accow1￿ 811 expendilure rqulres the authorisatitsn of twy) nomin*d mernbm of the Church. AdditIo]￿lty. all members of the PCC and congTeg81ion wl¥) are rwirtd ￿ handle ¢buwth are cthifityj a5 'fit and woper and required IQ Sign the associated de¢lar8tion. The PCC is vtty that its irwm4 while dra￿ frorn a Iu8e nwnber of ￿hlOne[S 15 substantialty dep￿dent on the s18nifjc￿t donations o(8 comparatively srnall numberof peopl4or in thec&eof the Children and Families Minister. Mainly a single thjnor. The withdtawal of 5UPWrt those individuals eould result in immediate financial embarrassment and itwould E¢ nccc5w ￿ Curtail the adivitie5 of the PCC or to undertake fundrnising or ￿th. The key fin￿1&1 risks that dty40* plaftrtd ex￿di￿￿e is Trx ts)vereJJ by regu]ar inconK w that ur8￿t maint¢rya￿e Tequires filnds grealer than availabl¢ in re5UV¢5.11 is es%*ttd abatan¢¢d bydgd is mointsined to ensure k)n8 tenn fllw￿lal stability. Buildlng The PCC reco8nises that theff are many risks to the buildÈDgand Conta?￿ however, ail prnctscal and atTothbl¢ M￿ll[el are tsken to minimise this risk When opu). the building is a]ways mamied by a minimum of 2 wple and the 314 usable entrdnce5 all have doublc locks. A nEunber of *SJitional precautions are takn￿ ￿ Prot￿ valuable items. Fire atKI emeTgency ev*U￿10n plans are in place and are rnaintsirtd by the Thurch Activtties Team. The PCC maintains app]Dpriaie in￿rance cover where rAb55ible to do SM> and 8 fiLII itLwrnnL% valuatMJnfllLspecLion was 1&8t undertaken by the Ec¢l¢siostica] Insurartce Company in 2022. Thc church is high]y dq)uthnt on the willingncs5 ofvoluntee4S to assist the clergy snd paidstaff in maintsinittgthe ￿Urth'S role andmi5sion with the10¢8] o)mmunity and its availability. ob) adoily b&814 to thatcommunity. We aff ail lo them. In addition lo In￿leme￿IlIng the r￿0MMe￿O￿$ frirfn IbiThV￿1aI the Fabric L¥>mmittee. aSU￿BrouP of the PCC- ¢8rries oui limely inspectio￿$ of the church butlding and all the Churth prtiperties #Tr￿ in the LY)urse of such inspection& thaws attention to any ha7ths within the p￿)￿￿rtieS and make5 rtCDmmenthions lor the reduction or elimination ofany risks. Only Gas Sth (formerly Coryi) r¢w*red fittcts Ire used to repair the gas irts¢allations. and oppropriately qu8lifJed electricians for any Cl￿1¢81 work (other chanwng light bulbs or replacing fvses). The solicitorstythe Dioceseopprove ¢enan¢y awents. Whexe itt5 considered oPPtopriat4 jes￿ advice is ￿ught in relation to oth¢r tetwq ￿t￿ti¥l lilbility m St*ff Prior to employment orthe prnV￿lon of sp¢ciaiist Servi￿ all pennan￿l members of sthff 8tLd fe&receivin8 individuals undelgo slandard pTremploymentvellIng￿ minimise the risk offrnud or otherfoiling$ ¢0 the PCC. ErnplOY￿,s Liability and Personal Accident ilLsUr￿ are mainlained. Where it i5 corsidergj ap[ryr1￿. le881 advice is ￿ught in relation to fomiai dedlings with staff. g¢8 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASflCAL PAIUSH OF HIGH WYCOMBE ALL SAif4TS REPORT OF THE TRUSTEES frjr the Ye4r Ettded 31 Detember 2024 REFERENCE AND ADMINISTRATIVE DETAILS Cbarlty RegistrBtion Number: 1129065 Printip#l address: The al￿￿hOffiC￿O0k[ty Hdl 8 C￿¢ Street HighWyLY)mbe B￿k1￿￿1Msh1[e HP13 6RF FrA Searle MrE Samuel Independent Ex8mkner: MrTFulkerBSC (b￿)FcA Styn*)urTaybr Linit&l First Floor North 40 Oxford Road High Wyeombe Buckinghamshire HPII 2EE EvE￿s SINCE THE END OF THE YEAR Infomiation relAting w events sinee the end of the year is given in the rtotes to the fLn8ncial statements. Approved by OTd¢r of the iM)8rdof truste¢s on ............ FrAnthony Searfe (Rector) Ed8ar ￿rnUel (Deputy Church Warden) Pa8e 9 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HIGH WYCOMBE ALL SAINTS INDEPENDEPtr EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HIGH WYCOMBE ALL SAINTS I rep)rt to the chwity trnstees on my examination of the accounts of the ¢haTity for the y¢8r ¢nded 31 Deeember 2024 which are selout ort pages eleven to twenty one. Rupe¢¢lv¢ responslbUld¢s of¢rnsteeg and ￿?￿l￿¢r As the chsrity's trustees you are respoA5ible for the preporntion of ihe accounts itt Aceothce with the requirements of the Charities Act 2011 ('the A￿,). I report lrt respeet of my examination of the eharity's accounts carried out under section 145 of the Act and in corryin out my exAminatlon I h&ve followed &ll the applicobbe Dire¢tions 8iven by the Charity Commissi¢)n under section 145(5Mb) of the Act.. IDdepeDdeDt •ximlner's stAt•men¢ I have ¢ompl¢ted my ¢x4mina¢ion. I confum ¢hat no m•terl8] matt¢r8 have ¢om¢ ty my Iit¢ntion In ¢onn¢¢tion with the exomlnatlon 8ivln8 me cause ￿ bBlÉeve thttt Èn w m&terial respeet.. accounting records were not kept in respect of the chority ag requlred by wtlon 130 of the Act: or ¢h¢ ￿cOunts do no¢ accord with those r￿OrdS. or the aecounts do not Comply with the appIl￿b]e requirements conccrninB the forni and content of ac¢ounts set out in the Chuit1¢5 {A¢¢ounts and Eieports) Regula¢ions 2008 other than any requirement that the accounts give a 'tNe and fllir view, whieh 15 not H matter ¢on5idered &8 pwl of ￿ indepEnd¢nt ex4mination. I have no concerns and have come aeross no other matters in conneetion with the exwnination io which ￿￿tiOn should be drAwrb in this report in order to enable a proper underslandinB of the ￿CoUnts w be rcached. Tim Fulk¢r BSC (knn) FCA Seymour Taylor Limited First Floor North 40 Oxford Road High Wycombe Buckinghamshire HPI12EE Page 111 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESLISTICAL PARISH OF HIGH WYCOMBE ALL SAINTS SfATEMEPll OF FINANCIAL A￿1VITIEs for the Y¢*r ￿ded 31 D¢e¢mber 2fj24 2•24 2023 U￿restrIcted Restricted Endowment Totsl I￿ndS Totsl funds r*Mds fllnd INCOMING ￿￿OURCEs lll¢oming rtsources frnm generated fund5 Voluntary income Investment inwme Adivities forg￿eratIng furtds Other incoming resources 202.962 5.130 14231 28,765 3359 231.727 8.489 14.631 244,443 6.104 9,694 Totsl incoming r¢sour¢¢s 2470f2 279ffi16 279ffi55 RESOURCES EXPENDED Costs of gtDerntiDg Fundrnisirsg Ch4rAtsbl¢ aetivltl¢s Workof the chwch Grdnts CoYern#ntt & Admini¥trntio• 9 11.145 5.115 16260 13.607 150.706 4.102 31159 1.065 182.865 5.167 62 161J69 6.815 Totsl Mourees e￿ended 228J28 26W7 239.193 NET INCOMINC/(OUTCOING) RESOURCES BEFORE TRANSFERS J8J64 (S815) 12,749 40,462 Gross transfers betweeD fllnds 15 Net Incomin￿(0￿tg01D{ resourees before otb¢r recognlsed g4iMs and losses &745 12.749 40.462 Other reefjgnised glinkn 12 12• 7315 5.468 G4in¥]os¥es on revaluathon Net muvement in fun¢ts &745 19964 45.930 RECONCILIATION OF FUiYDS T•)tsl futtds brougltt f•nYxrd 731,•85 818J59 772.529 TOTAL FUNDS CARRIED FORWARD 745.184 838 75 ￿64 ￿23 818459 The rnte5 forni tArt of the5c fina￿181 Po8ell THE PAROCHIALCHURCH COUNCIL OF THE ECCLEsIAsficAL PARISH OF HICH WYCOMBE ALL SAINTS BALANCE SHEET At31 De¢¢thlxr 2024 2024 Total funds 2023 Totsl funds U#r¢strlrt RutrlEW EDdowmen¢ fwrtds Notes FIXED ASSETS Tongible assets EndowThents 12 12 313.rn 513.770 506.675 513.770 5J64 519.134 511.919 CURRENT ASSETS Debws Cash at bank Ind in hw 13 8J12 8.402 4.880 242910 344J97 331,289 CREDITORS Amounts fillin8 due within ¢)n¢ 14 111.496) 113fy12) (25,108) (24,749) NET CURRENT ASSETS 231 319 TOTAL ASSETS LESS CURRENT LIABIIJTIES 745.184 87J75 838.423 818.459 NET ASSETS 74 818459 15 UThre5tri¢t¢d Restricted fiuLd5 Endowment ful Revalu81ion reserve 482,714 87175 5JfA 262 475,710 82.130 5.244 255 375 TOTAL FUNDS 838 818459 The fittanc1￿ staternents were approved by the Bowd of Tns*e50n .. ..... . .. . atKI wv¢ 5igKd on its teldf by: Fr ysearle Edysamuol (Dem aLUrth Warden) (Rtt￿r) P4e 12 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsficAL PAIUSH OF HIGH WYCOMBE ALL SAINTS NOTES TO THE FINAJ4CIAL STATEMENTS for the YeBr Ended 31 Deternber 2024 ACCOUNTING POLICIES Buts of preporljg the flnanelal stitements The financia] SfAtements of the Charity, which 15 4 public benefit entity under FRS 102, have been pr¢par¢d in a￿ordance with th¢ Charilies SORP IFRS 102) 'AcwuntinB and R¢portiD8 by Ch8ritie5.' Staiement of Recommended PracticeapplÈcable lo chwritie5 prepringtheiraeeounts in accordance with the Financial Reporting Standard applicable in the UK Hnd Republicof Irelartd (FRS 1021 (effcctive l JanuDry 2019}', Fin&Thcial Reporting StandArd 102 'FiJwicial Reporting Standard applicable in the UK and Republic of Irelond, artd the Charities Act 2011. The fmanciv41 s￿tementS have beert P￿para under the hlstorical cost cortventloN with the excepiion of investments which are in¢lud¢d ot market w￿u¢, as modifi¢d by ih¢ revol￿lion of¢ertain 83sets. Intomlng ruour¢ Voluntary Ineome #rtd t8pltsl sources All incomin8 resources gre included on th¢ Sta¢¢ment of Financial A¢tivilies when the chArity is legally entitled io the ineome and the wnount ¢•n be quantifi¢d wlth rel￿nable i¢¢urw. Colledion5 recognised when received by or on bthifofihe PCC. Pl8nn￿ 8ivin8 receivable under ￿nant8 or 8ift aid is r￿O￿nIsed only when rttelved. Income tax re¢>)verable on wvenonts or 8ift aid donations15 recognlsed when income Is reco8nlsed. Grants and lewies to Ihe PCC ￿¢0￿nted for as soon 41 the PCC 15 nolified of its1¢8Ai entitlement and ¢he nl is due. Wherever possible income 8en¢rated by teiey and sirnilar events are accourt*d for8ros$. Oiher ordlttary ltteom• Rental Income fiDm the lettinB of ￿ thurth OT PCC premise5 15 reCo￿ls¢d when th¢ renthl is due. InvertmeDts Investments including properties And shares, ve recogni¥ed Initiolly ¥L fair v8lu¢ whi¢h is nonn4lly IT￿￿¢111)n price excludin8 transoction costs. Subsequenlly. th¢y are measured at flir value ihrou8h the PTofEt knd loss ifthe th8r¢s ore pyblidy tr￿ed or their fair value CAn otherwise be m￿Ured reliably. Ineome frnm Invejtrnents Dividends and interest arc Aetounted for when recelvabl& Tts recov¢r4ble on such income is recognised in the same accountingyear. Galrys And losses on Investments ReRlised 8aiThs or loss¢s are reeognisoj whett Investments are sold. Unrealised 8Ains or1055es are account&J foron rev￿￿&110￿ of investmentg at 31 Deeember. Rosoureu txpended Alloeation ittd apportloDment of cojts Bxpendittjff is accounted for on an &ccrua15 b&8is artd be¢n ¢la5Stfied under headin85 that aggregate all ¢ost related to the ea¢¢gory. Where costs ¢8nnol be dErec¢ly &ttributed to particulgr headin8S, thry have been ￿loc￿led to ￿tiVitieS on a bssis wnsistent with Ihe use of Tesources. Grants offered subjeet to cortditiorts which have not beerh met ut the yeBr-end dale are noted &s 8 commitmeni but not accmed as expenditure. GraDts Grnnts a[￿ donati¢)n5 8r¢ accounted for when paid over. or &wArded. if that award ere&tcs a birtdingobligation on the PCC. Page 13 THE PAROCHIAL CHURCH COUNCIL OFTHE ECCWIAsncAL PAIUSH OF HICH WYCOMBE ALL SAINTS NOTLS TO THE FINANCIAL STATEMENTS for the Year EDd¢d 31 December 2024 ACCOUNTING POLICIES- contin•td Activities direclly relatingto the rrnrk ofthethwr¢h The dioeesan parish share is xtounted for whenpayabl¢. offeffd sUbJ￿t to Conditions whith I￿ve not been atthe yeaTrend date are notrd &8 a eommiknent bui ncrt Accru￿ as eX￿￿1￿re. Tanglbk fixed assets Conse¢rated land and bllildiDgs and rnov*ble ebttrth hrnishiDgs con5rn￿ and b￿efic2￿I is exclwkd fm the statunents by &96 {2Xa) of the tharities Act No y￿Ue 15 pl8LTd on t￿T￿#ble chwch fillni5hings held by the churth warden% •ial trust for the PCC and whieh require a faculty fordisw>sal since thePcc￿￿s1d￿S thi5 to be ina]ien#ble Propffj. All expenditure incurred during the year on cOnS￿￿trd or bertficcd iwildings aTvJ rnovable church furntshing4 maintenon¢¢ or irnprovanenL is written off os expendityre tn the Statem¢ni ofFi¢wi¢i81 Aaiviues and sepgi*ely disclosed. Other rrttings offi¢¢ equipment Equipment used within the churth premise5 is on •strai8ht litt basis over4 years. Individuwl items of equipment with a wr£b*e ryice of £l.l)00 or1&4s arewritieD off wlni the asset is •>4uir¢d. Tixitits The charity is exempt frorn tsx on its charithle activities. Fund a¢CQUDtiDg Gcneral fi]nds repreS￿t the funds of the PCC that are ￿1 subje¢4 lo restricuons rega￿lD8 their u% ond we available for 8pplicatiott forthe general ofthePCC Funds for a pJrti¢Ulwput￿5e by the PCC have been roised by the PCC for a partiojlar The of EaisiD8 and administerin8 5ueh is ch8r8oJ The accounts i￿l￿a¢ all Ira¢)wtion4 assets and liabiltties frjr whith the PCC is responsible in law. They do rtot in¢]￿je thE xcountsof any churth group5 Il¥towetheÈrmairt affili￿]0￿ ￿ anotherbc¥ty TK)rtlw)se that 8re infomjal gatherings of Church membe Pen￿0￿ eosts •ttd othtrpost-retirement benefits All Saints. PCC pMrti¢ip￿s itt the Pension Buildtr Sdthe stttion of the Church W¢ykers Penston Fund (CWPF) for lay 5tsff. CWPF is plminis(ered by the Chuxch of England PeELSiOnS Board {CEPBI. whiL* holds the CWPF assets separ&tely from tIKJse of the employwand other particiixting employe￿ The CWPF a seetion known &s the Derm￿ Benefits Sch¢m< a deferred amiiitty s￿tIOn known as Pension Builder Classic and a eash baianee sttti¢)n known PuL5ion Builder 2014. Both Sed￿SOr the Pemion Builder Scheme&we classed as defined be[￿￿¢ 5chemek PB Classic pmvides a prnsion. wmiulated from Contrib￿lOnS paid artd o)rtverted itrto adeferred annuity durtng employment based on tern￿ sd and teviewtd by th¢ CEPB f￿rn time ￿ lime. Dixretionary incrtases may a]so be adde¢ Wing uwn the Invat￿Ent tebm and other fxtors. PB 2014 is a ¢ash balartt 5ch¢m¢ that provid¢s a lUMpth￿ mEmbcr5 to wovidelThcfitsatreAirement. Pen5ioncontrÉbutions arertcorded in zn account foreach member. Discrdionary ￿n￿maY ￿ *lded beforerettremeiiL dep￿dingOn inve51rnentrcbJrns andothcr fadors. The &¢ounL plus any IK>nw deCI￿L is payabl4 from 4e 65. There is no sutrAivisiot) of ossets beh¥een employtts tn eath section of the Pe￿￿)n Builder Scheme. The scheme 15 a mulli-employer scheme as described in Se¢tion 28 ofFRS 102. a5 it 15 not possible to attribute the Pension Builder Seheme'5 a55ets and liabilities to srKcific anpjoyus and that o)ntributions gre for ￿ if th¢ Sthme were a defined contribution schem& The w¥)JL% a>sLs Cl￿[8&4 kn the SOFA in the year are the employer contributions payable: £4,487 (2023: £4J14). A valuation of the PB scheme is Carried out 0￿e evuy three ye&rs. Tr mst Tel￿1 carried out as at 31 De¢ember 2022. For PB the C[￿Ic section. this rev¢￿ed 8 surpltt% of£34.8m ot) theongoing ￿￿nPl10￿ Llsed. At the most recerttannuai r¢vicw,the Boardchose lo graiitadimtionary trrf)nu5 of6.7%to rthsions Thotyei in payment and those in payment in resp¢t of servi¢e kyior to April 1g)7' and a ￿nuS On in rAyrnent in respect of post April 2006 strvice sx> that the Incr￿se was 17% {where usually li w)uld be cal￿1&t¢￿ bo￿1 on inflation up to Pa8e 14 THE PAR(￿HlAL CHURCH COUNCIL OF THE Ecc￿lASTICAL PLRISH OF HIGH WYCOMBE ALL SA1Tr4TS NOTES TO THE FINANCIAL ￿ATEmENTs for thtYe*r Eoded 31 Dtewbtr 21)24 ACCOUNTING POUCILS-eontlAlled There ]$T￿ fordeficit p)ittthts at thewremlin￿ Val￿1￿ is dveas * 31 De¢¢mi*r2025. Forthe PB 2014 SCL#￿[4 the Y￿llEtIon TEvcabJ aw4u5 of U.5m on th cvwing as9jm￿l0rtsu5Wl llwe is r¢quironeM f¢Y deficit paymenLS ¥L ¢wttnl t￿tie. The legal struLXllte of the SLkne is that f*J4 All Saints. PCC croJbJ be