HOLY TRINITY CHURCH, PRESTWOOD
STATUTORY ACCOUNTS
FOR THE YEAR ENDED 31st December 2022
Page
2 HON TREASURER'S REPORT 3-8 RECEIPTS & PAYMENTS (All Funds) 9 STATEMENT OF ASSETS & LIABILITIES 10-11 NOTES TO THE FINANCIAL STATEMENTS 12 INDEPENDENT EXAMINER'S REPORT
TREASURER'S REPORT
for the year ended
HOLY TRINITY CHURCH, PRESTWOOD
31st December 2022
MISSION GIVING / CHARITABLE COLLECTIONS
Since 2010 the policy regarding Charitable collections has been focused on specific cause appeals. In 2022 the Lent Appeal supported 3 charities, African Village Support, Wycombe Homeless and St Matthews, Burnley. The Appeal raised £5072.36.
£1500 was sent to African Village Support to provide solar water pumps for subsistence farmers. The remaining money was divided equally between the other 2 charrities.
The money to Wycombe Homeless was for their general funds (not tied to a specific project). The money to Burnley was to support St Matthew's church taking a group of disadvantaged children on an Away Day. The receipts and payments relating to this are included in Other Income and Other Expenses.
The gross Parish Share in 2022 was £63268. Of this, £50000 represents our share of a stipendiary minister including housing, pension etc. The remaining £13,268 supported parishes in other parts of the diocese that cannot meet their costs of ministry. In 2022, this element of mutual support was 9% of our total income.
In December 2022 we held our usual 3 Christingle Services. We raised £605 for The Children's Society. Money for the Childrens Society is listed in the Statement of Assets & Liabilities within Creditors, as Agency collections, since the money is not ours. We are only holding the money as an agent. This money has been forwarded to the charity in January 2023 and does not appear in the accounts.
We no longer hold money on behalf of Prestwood-on-Sea.
GENERAL FUND AND OTHER FUNDS
In 2022 £3,000 has been transferred from the General Fund to the Peters Close Fund to pay for costs charged directly to that fund.
A summary Statement of Financial Activity is as follows
| General Fund Legacy Fund Repair Fund Peters Close Fund Social Funds & Fees Fund Ashes Fund * Less income/expenditure between funds TOTALS |
Income Expenditure Surfeit/deficit Transfers Surfeit/deficit of income over after transfers expenditure |
|---|---|
| 148872 148584 288 -3000 -2712 557 0 557 0 557 0 0 0 0 0 0 2756 -2756 3000 244 21442 19548 1894 0 1894 0 0 0 0 0 -10348 -10348 |
|
| 160523 160540 -17 0 -17 |
* This adjustment arises because of transactions between the Social Funds, Fees Fund and the General Fund which would otherwise have the effect of overstating total income and expenditure by £10348.
Details of the individual funds are shown on pages 3-8.
FINANCIAL ADMINISTRATION
I wish to thank Caroline Eastman for helping to count money received and Anna Young for managing
the fees account. I would like to thank the Finance Committee for all their support and guidance.
Gill Bicknell Hon. Treasurer
There may be minor discrepancies in the totals if the pence are not being shown
Page 2
Holy Trinity Prestwood - 1129233 Receipts and payments
Selected period: 01 January 2022 to 31 December 2022
| From | 01 January 2022 | 01 January 2021 | ||
|---|---|---|---|---|
| Note | To | 31 December 2022 | 31 December 2021 | |
| General - General fund (Unrestricted) Fund Incoming resources and Resources used | ||||
| Receipts | ||||
| Incoming resources from generated funds | ||||
| Voluntary income (recurring) | ||||
| Standing Orders | 62,571 | 57,801 | ||
| FWO Envelopes | 1,215 | 1,695 | ||
| Parish Giving Scheme | 4,125 | 3,402 | ||
| Standing Order (NGA) | 5,470 | 6,807 | ||
| FWO Envelopes (NGA) | 190 | 514 | ||
| Income Tax Recovered | 18,557 | 16,443 | ||
| Total Voluntary income (recurring) | 92,129 | 86,662 | ||
| Voluntary income (non-recurring) | ||||
| Gift Aided Cash Collection | 1,575 | 2,016 | ||
| Cash Collection | 4,748 | 3,783 | ||
| Donations | 3,570 | 4,297 | ||
| Goodbox donations | 2,624 | 1,377 | ||
| Paypal donations | 618 | — | ||
| Grants | — | 3,000 | ||
| Total Voluntary income (non-recurring) | 13,134 | 14,472 | ||
| Activities for generating funds | ||||
| Fundraising Events | 4,113 | 1,923 | ||
| Burial Fees (Statutory) | 2,623 | 306 | ||
| Funeral Fees (Statutory) | 91 | 910 | ||
| Other ie. Memorials & Internments Fees | 522 | 1,622 | ||
| Weddings Fees (Statutory) | 1,176 | 399 | ||
| Occ offices non-stat income | 3,175 | 1,481 | ||
| Baptism donations | — | 400 | ||
| Church bookings | 2,549 | 3,549 | ||
| Cottage bookings | 574 | 2,177 | ||
| Hall bookings | 12,017 | 6,787 | ||
| Marquee bookings | 97 | 772 | ||
| Other Income | 8,495 | 6,078 | ||
| 200 Club Subscriptions | 2,880 | 2,970 | ||
| Total Activities for generating funds | 38,310 | 29,375 | ||
| Investment income | ||||
| Bank Interest | 17 | 127 | ||
| Total Investment income | 17 | 127 | ||
| Incoming resources from charitable activities | ||||
| "Making Lunch" project | 1,327 | 977 | ||
| Total Incoming resources | from charitable activities | 1,327 | 977 | |
| Other | incoming resources | |||
| Great Hampden Recharges | 3,955 | 3,444 | ||
| Total Other incoming resources | 3,955 | 3,444 | ||
| Total receipts | 148,872 | 135,056 |
There may be minor discrepancies in the totals if the pence are not being shown
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| From To Note |
01 January 2022 01 January 2021 31 December 2022 31 December 2021 |
|---|---|
| Payments Cost of generating funds Fundraising Office Administrator's Salary Marketing Manager's salary Family Support Worker's salary Organist - Sunday morning & festivals Musical Development Organist - Sunday evening Additional Musicans Musical Resources Music - Occasional offices Caretaker's salary Clergy Costs Rector's Expenses Associate Priest's Expenses Family Support Worker's expenses Photocopier Lease Internet & phone Equipment - Church & Ch. yard Communion Supplies Other Church Supplies Flowers Printing & Stationery Family Support Resources Education Resources Bank Charges Other Expenses 200 Club winnings Total Cost of generating funds Premises Overheads Grounds Maintenance Buildings Maintenance - Hall Buildings Maintenance - Cottage Buildings Maintenance - Church Buildings - cleaning Utilities - Hall Utilities - Cottage Utilities - Church Buildings Insurance Total Premises Overheads Charitable activities "Making Lunch" project Total Charitable activities Governance costs Diocesan Share Total Governance costs Total payments Excess of Incoming resources over Resources used Brought forward balance Transfer to Peters Close Fund Total carried forward balance |
204 86 10,612 8,875 8,616 6,490 16,011 13,033 2,942 1,610 500 633 150 — 283 209 583 579 940 605 990 690 617 492 844 590 1,162 834 — 529 1,872 1,872 734 783 444 135 766 389 977 196 620 490 1,532 978 1,524 1,452 — 32 111 91 10,833 6,341 1,074 994 64,940 49,008 867 1,626 2,758 1,581 446 815 2,380 2,279 3,060 2,799 1,578 2,149 939 1,019 3,507 3,006 4,147 3,970 19,681 19,244 1,327 977 1,327 977 62,635 61,380 62,635 61,380 148,584 130,609 288 4,448 8,261 6,813 (3,000) (3,000) 5,549 8,261 |
There may be minor discrepancies in the totals if the pence are not being shown
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From 01 January 2022 01 January 2021 To 31 December 2022 31 December 2021
Note
Repair - Church Premises Repair Fund (Designated) Fund Incoming resources and Resources used
| Payments | ||
|---|---|---|
| Cost of generating funds | ||
| Premises Overheads | ||
| Buildings Maintenance - Hall | — | 394 |
| Total Premises Overheads | — | 394 |
| Total payments | — | 394 |
| Excess of Incoming resources over Resources used | — | (394) |
| Brought forward balance | 35,119 | 32,349 |
| Transfer from Ashes Fund | — | 3,164 |
| Total carried forward balance | 35,119 | 35,119 |
| Peters Close Fund (Designated) Fund Incoming resources and Resources used | ||
| Payments | ||
| Cost of generating funds | ||
| Premises Overheads | ||
| Peters Close Costs | 2,756 | 3,171 |
| Total Premises Overheads | 2,756 | 3,171 |
| Total payments | 2,756 | 3,171 |
| Excess of Incoming resources over Resources used | (2,756) | (3,171) |
| Brought forward balance | 12,776 | 12,947 |
| Transfer from General Fund | 3,000 | 3,000 |
| Total carried forward balance | 13,021 | 12,776 |
Peterscl - Peters Close Fund (Designated) Fund Incoming resources and Resources used
Ashes - Ashes Garden Fund (Designated) Fund Incoming resources and Resources used
| Receipts Incoming resources from generated funds Voluntary income (recurring) Income Tax Recovered Total Voluntary income (recurring) Voluntary income (non-recurring) Donations Total Voluntary income (non-recurring) Total receipts Payments Cost of generating funds Other Expenses Total Cost of generating funds Total payments Excess of Incoming resources over Resources used Brought forward balance Transfer to Repair Fund Total carried forward balance |
— 525 |
|---|---|
| — 525 — 7,168 |
|
| — 7,168 |
|
| — 7,693 — 15,660 |
|
| — 15,660 |
|
| — 15,660 |
|
| — (7,967) — 11,130 — (3,164) |
|
| — — |
There may be minor discrepancies in the totals if the pence are not being shown
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Note
| From | 01 January 2022 | 01 January 2021 |
|---|---|---|
| To | 31 December 2022 | 31 December 2021 |
Legacy - Legacy Fund (Designated) Fund Incoming resources and Resources used
| egacy Fund (Designated) Fund Incoming resources and Resources used | ||
|---|---|---|
| Receipts | ||
| Incoming resources from generated funds | ||
| Voluntary income (non-recurring) | ||
| Bequests | — | 3,933 |
| Total Voluntary income (non-recurring) | — | 3,933 |
| Investment income | ||
| Bank Interest | 557 | 469 |
| Total Investment income | 557 | 469 |
| Total receipts | 557 | 4,402 |
| Payments | ||
| Cost of generating funds | ||
| Equipment - Church & Ch. yard | — | 989 |
| Total Cost of generating funds | — | 989 |
| Premises Overheads | ||
| Grounds Maintenance | — | 5,777 |
| Total Premises Overheads | — | 5,777 |
| Total payments | — | 6,766 |
| Excess of Incoming resources over Resources used | 557 | (2,364) |
| Brought forward balance | 107,682 | 110,045 |
| Total carried forward balance | 108,239 | 107,682 |
| EARCH Fund (Designated) Fund Incoming resources and Resources used | ||
| Receipts | ||
| Incoming resources from generated funds | ||
| Activities for generating funds | ||
| Funds from Hospitality | 1,417 | — |
| Total Activities for generating funds | 1,417 | — |
| Total receipts | 1,417 | — |
| Payments | ||
| Cost of generating funds | ||
| Cost of generating voluntary income | ||
| Hospitality | 849 | 47 |
| Total Cost of generating voluntary income | 849 | 47 |
| Charitable activities | ||
| Contribution to PCC fundraising | 443 | — |
| Total Charitable activities | 443 | — |
| Total payments | 1,292 | 47 |
| Excess of Incoming resources over Resources used | 125 | (47) |
| Brought forward balance | 175 | 222 |
| Total carried forward balance | 300 | 175 |
Search - SEARCH Fund (Designated) Fund Incoming resources and Resources used
There may be minor discrepancies in the totals if the pence are not being shown
Page 6
| From | 01 January 2022 | 01 January 2021 | |
|---|---|---|---|
| Note | To | 31 December 2022 | 31 December 2021 |
Coffee - Coffee Fund (Designated) Fund Incoming resources and Resources used
| Receipts Incoming resources from generated funds Activities for generating funds Coffee Total Activities for generating funds Total receipts Payments Cost of generating funds Other Expenses Total Cost of generating funds Cost of generating voluntary income Hospitality Total Cost of generating voluntary income Charitable activities Contribution to PCC fundraising Total Charitable activities Total payments Excess of Incoming resources over Resources used Brought forward balance Total carried forward balance s Fund (Designated) Fund Incoming resources and Resources used Receipts Other incoming resources PCC element of Fees income Minister element of Fee income Verger element of Fee income Musician element of Fees income Stonemason element of Fees income Total Other incoming resources Total receipts Payments Other resources used PCC element of Fees expense Minister element of Fees expense Verger element of Fees expense Musician element of Fees expense Stonemason element of Fees expense Total Other resources used Total payments Excess of Incoming resources over Resources used Brought forward balance Total carried forward balance |
404 175 |
|---|---|
| 404 175 |
|
| 404 175 — 100 |
|
| — 100 189 100 |
|
| 189 100 100 60 |
|
| 100 60 |
|
| 289 260 |
|
| 115 (85) 200 285 |
|
| 315 200 9,752 6,210 4,356 3,469 1,420 740 1,885 635 2,208 — |
|
| 19,621 11,054 |
|
| 19,621 11,054 9,805 5,508 4,165 4,132 1,340 760 1,685 625 972 — |
|
| 17,967 11,025 |
|
| 17,967 11,025 |
|
| 1,654 29 2,882 2,853 |
|
| 4,536 2,882 |
Fees - Fees Fund (Designated) Fund Incoming resources and Resources used
There may be minor discrepancies in the totals if the pence are not being shown
Page 7
| From | 01 January 2022 | 01 January 2021 | |
|---|---|---|---|
| Note | To | 31 December 2022 | 31 December 2021 |
| Property | - Property Fund (Designated) Fund Incoming resources and Resources | used | |
| Brought forward balance | 31,536 | 31,536 | |
| Total carried forward balance | 31,536 | 31,536 |
There may be minor discrepancies in the totals if the pence are not being shown
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Holy Trinity Prestwood PCC
Statement of Assets and liabilities Period: 01 January 2022 to 31 December 2022 compared to 2021
| From: To: |
01 January 2022 01 January 2021 31 December 2022 31 December 2021 |
|---|---|
| CASH FUNDS TSB current account TSB deposit account TSB second current account TSB second deposit account Barclays Bank 200 club account Barclays Bank church current account Petty cash Investments:- Skipton Shawbrook Hampshire Trust Bank Cambridge & Counties Bank SEARCH account Coffee account Fees Barclays Bank account DEBTORS Deposits pending CURRENT ASSETS CREDITORS Suppliers & expenses Agency collections . CURRENT NET ASSETS OTHER ASSETS Freehold properties at cost TOTAL NET ASSETS . FUNDS General Fund Page 3-4 Repair Fund Page 5 Peters Close Fund Page 5 Ashes Fund Page 5 Legacy Fund Page 6 SEARCH Page 6 Coffee Fund Page 7 Fees Fund Page 7 FIXED ASSETS Property Fund Page 8 TOTAL FUNDS AGENCY COLLECTIONS The Children's Society Prestwood on Sea |
16031 1769 5401 2384 4828 2124 356 356 3118 1482 940 830 1 7 0 72947 0 83463 50000 0 84100 0 300 175 315 200 4536 2882 169926 168619 705 180 170631 168799 2949 973 605 732 3554 1705 167078 167094 31536 31536 198614 198630 5549 8261 35119 35119 13021 12776 0 0 108239 107682 300 175 315 200 4536 2882 167079 167095 31536 31536 198615 198631 605 500 0 232 605 732 |
There may be minor discrepancies in the totals if the pence are not being shown
Page 9
NOTES TO THE FINANCIAL STATEMENTS
for the year ended
31st December 2022
HOLY TRINITY CHURCH, PRESTWOOD
ACCOUNTING POLICIES
The financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations 1997 together with the applicable accounting standards and the Charities SORP.
Funds
General Funds represent the funds of the PCC that are not subject to any restriction regarding their use and are available for application on the general purpose of the PCC. Funds designated for a specific purpose by the PCC are still classified as unrestricted under Charity Commission guidelines.
Incoming resources
- Voluntary giving & Capital sources Planned giving is recognised only when received. Income tax recoverable on Gift Aid donations is recognised only when the claim has been agreed by the Inspector of Taxes. Collections are recognised when received by or on behalf of the PCC. - Other ordinary income Grants and legacies to the PCC are accounted for when the money is received. - Income from investments Interest and dividends are accounted for when received. Resources used - Grants Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. Fixed Assets - Consecrated land & buildings & movable church furnishings Consecrated and beneficed property is excluded from the accounts by s.96(2)(a) of the Charities Act 1993. No value is placed on movable church furnishings held by the churchwardens on special trust to the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or beneficed buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure and separately disclosed. - Other fixtures, fittings and office equipment Equipment used within the church premises is written off in the year of purchase.
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HOLY TRINITY CHURCH, PRESTWOOD
| NOTES TO THE FINANCIAL STATEMENTS for the year ended FIXED ASSETS USED BY THE PCC Freehold land and buildings BOOK VALUE Church Hall and adjoining land. Cottage: 134 Wycombe Road. 28 Peters Close HISTORICAL COST at 1 Jan 96 and 31 Dec 22 |
31 December 2022 £ 500 1,000 30,036 |
|---|---|
| 31,536 |
No market value of the Church Hall or Cottage is given because these specialised church buildings are not expected to be sold in the foreseeable future.
The current market value of 28 Peters Close is estimated to be in excess of £440,000.
Page11
Independent Examiner’s report to the PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY PRESTWOOD (“PCC”)
I report on the attached accounts of the PCC for the year ended 31st December 2022, which are set out on pages 1 to 11.
Respective responsibilities of trustees and examiner
As charity trustees, the members of the PCC are responsible for the preparation of the accounts. The members of the PCC consider that an audit is not required.
It is my responsibility to:-
-
Examine the accounts under section 145 of the 2011 Act;
-
Follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
State whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the PCC and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 130 of the 2011 Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed NLT Williams 28/2/23
Lyn Williams Chartered Accountant Ringwood Kiln Road Prestwood, Bucks HP16 9DH
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