## **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_
Page 3
|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_
Page 4
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_
Page 5
_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_
Page 8
## 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.
Page10
## **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
Page12