HOLY TRINITY CHURCH, PRESTWOOD
STATUTORY ACCOUNTS
FOR THE YEAR ENDED 31st December 2023
Page
2 HON TREASURER'S REPORT 3-7 RECEIPTS & PAYMENTS (All Funds) 8 STATEMENT OF ASSETS & LIABILITIES 9-10 NOTES TO THE FINANCIAL STATEMENTS 11 INDEPENDENT EXAMINER'S REPORT
HOLY TRINITY CHURCH, PRESTWOOD
TREASURER'S REPORT
for the year ended
31st December 2023
MISSION GIVING / CHARITABLE COLLECTIONS
Since 2010 the policy regarding Charitable collections has been focused on specific cause appeals.
In 2023, as in 2022, the Lent Appeal supported 3 charities, an international relief agency, support to another parish and a local cause. The first two were those that we supported in 2022, African Village Support and St Matthews, Burnley. This year we chose Wycombe Refugee Partnership as the local charity, providing the deposit so that a family can move into rented accommodation.
The Appeal raised £4232.42 which was divided equally between the three.
The receipts and payments relating to this are included in Other Income and Other Expenses.
The gross Parish Share in 2023 was £61768. Of this, £49,000 represents our share of a stipendiary minister including housing, pension etc. The remaining £12,768 supported parishes in other parts of the diocese that cannot meet their costs of ministry. In 2023, this element of mutual support was 8% of our total income.
In December 2023 we held our usual 3 Christingle Services. We raised £550 for The Children's Society. Money for The Children's 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.
GENERAL FUND AND OTHER FUNDS
A summary Statement of Financial Activity is as follows
| General Fund Legacy Fund Repair Fund Peters Close Fund Social Funds & Fees Fund * Less income/expenditure between funds TOTALS |
Income Expenditure Surfeit/deficit Transfers Surfeit/deficit of income over after transfers expenditure |
|---|---|
| 147807 147970 -163 0 -163 7513 7608 -95 0 -95 0 0 0 0 0 5808 2562 3246 0 3246 12809 13169 -360 0 -360 -6438 -6438 |
|
| 167499 164871 2628 0 2628 |
- 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 £6438.
Details of the individual funds are shown on pages 3-7.
FINANCIAL ADMINISTRATION
I wish to thank Betty Byrne 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 2023 to 31 December 2023
| From | 01 January 2023 | 01 January 2022 | |
|---|---|---|---|
| Note | To | 31 December 2023 | 31 December 2022 |
General - General fund (Unrestricted) Fund Incoming resources and Resources used
| Receipts Incoming resources from generated funds Voluntary income (recurring) Standing Orders FWO Envelopes Parish Giving Scheme Standing Order (NGA) FWO Envelopes (NGA) Income Tax Recovered Total Voluntary income (recurring) Voluntary income (non-recurring) Gift Aided Cash Collection Cash Collection Donations Goodbox donations Paypal donations Total Voluntary income (non-recurring) Activities for generating funds Fundraising Events Burial Fees (Statutory) Funeral Fees (Statutory) Other ie. Memorials & Internments Fees Weddings Fees (Statutory) Occ offices non-stat income Church bookings Cottage bookings Hall bookings Annexe bookings Marquee bookings Other Income 200 Club Subscriptions Total Activities for generating funds Investment income Bank Interest Total Investment income Incoming resources from charitable activities "Making Lunch" project Total Incoming resources from charitable activities Other incoming resources Great Hampden Recharges Total Other incoming resources Total receipts |
63,876 62,571 830 1,215 2,396 4,125 4,865 5,470 — 190 19,892 18,557 |
|---|---|
| 91,859 92,129 937 1,575 5,060 4,748 3,222 3,570 2,599 2,624 142 618 |
|
| 11,961 13,134 8,302 4,113 1,940 2,623 — 91 167 522 508 1,176 2,589 3,175 4,245 2,549 468 574 8,798 12,017 1,466 — — 97 6,842 8,495 2,960 2,880 |
|
| 38,285 38,310 78 17 |
|
| 78 17 1,753 1,327 |
|
| 1,753 1,327 3,870 3,955 |
|
| 3,870 3,955 |
|
| 147,807 148,872 |
There may be minor discrepancies in the totals if the pence are not being shown
Page 3
From 01 January 2023 01 January 2022 To 31 December 2023 31 December 2022
| From To |
01 January 2023 01 January 2022 |
|---|---|
| Note | 31 December 2023 31 December 2022 |
| 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 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 |
1,595 204 11,140 10,612 8,752 8,616 12,054 16,011 3,000 2,942 700 500 250 150 300 283 763 583 850 940 975 990 237 617 1,144 844 1,103 1,162 19 — 1,853 1,872 813 734 210 444 416 766 884 977 420 620 1,440 1,532 1,783 1,524 154 111 6,397 10,833 1,123 1,074 58,374 64,940 3,138 867 1,442 2,758 478 446 3,339 2,380 3,180 3,060 3,708 1,578 1,561 939 5,285 3,507 4,561 4,147 26,692 19,681 1,753 1,327 1,753 1,327 61,150 62,635 61,150 62,635 147,970 148,584 (163) 288 5,549 8,261 (3,000) 5,385 5,549 |
There may be minor discrepancies in the totals if the pence are not being shown
Page 4
From 01 January 2023 01 January 2022 To 31 December 2023 31 December 2022
Note
Repair - Church Premises Repair Fund (Designated) Fund Incoming resources and Resources used
| Brought forward balance | 35,119 | 35,119 |
|---|---|---|
| Total carried forward balance | 35,119 | 35,119 |
| Peters Close Fund (Designated) Fund Incoming resources and Resources used | ||
| Receipts | ||
| Incoming resources from generated funds | ||
| Activities for generating funds | ||
| Peters Close Rent | 5,808 | — |
| Total Activities for generating funds | 5,808 | — |
| Total receipts | 5,808 | — |
| Payments | ||
| Cost of generating funds | ||
| Premises Overheads | ||
| Peters Close Costs | 2,562 | 2,756 |
| Total Premises Overheads | 2,562 | 2,756 |
| Total payments | 2,562 | 2,756 |
| Excess of Incoming resources over Resources used | 3,246 | (2,756) |
| Brought forward balance | 13,021 | 12,776 |
| Transfer from General Fund | — | 3,000 |
| Total carried forward balance | 16,266 | 13,021 |
Peterscl - Peters Close Fund (Designated) Fund Incoming resources and Resources used
Legacy - Legacy Fund (Designated) Fund Incoming resources and Resources used
Receipts
| Receipts | |
|---|---|
| Incoming resources from generated funds Voluntary income (non-recurring) Bequests Total Voluntary income (non-recurring) Investment income Bank Interest Total Investment income Total receipts Payments Cost of generating funds Children's choir Minor projects Total Cost of generating funds Totalpayments |
5,000 — 5,000 — 2,513 557 2,513 557 7,513 557 540 — 7,068 — 7,608 — 7,608 — |
| Excess of Incoming resources over Resources used Brought forward balance Total carried forward balance |
(95) 557 108,239 107,682 108,144 108,239 |
There may be minor discrepancies in the totals if the pence are not being shown
Page 5
To
01 January 2023
01 January 2022 31 December 2022
31 December 2023
Note
Search - SEARCH Fund (Designated) Fund Incoming resources and Resources used Receipts
| Receipts | |
|---|---|
| Incoming resources from generated funds Activities for generating funds Funds from Hospitality Total Activities for generating funds Total receipts Payments 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 |
1,132 1,417 |
| 1,132 1,417 |
|
| 1,132 1,417 1,379 849 |
|
| 1,379 849 — 443 |
|
| — 443 |
|
| 1,379 1,292 |
|
| (248) 125 300 175 |
|
| 52 300 |
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 |
482 404 |
|---|---|
| 482 404 |
|
| 482 404 30 — |
|
| 30 — 120 189 |
|
| 120 189 400 100 |
|
| 400 100 |
|
| 550 289 |
|
| (68) 115 315 200 |
|
| 247 315 |
There may be minor discrepancies in the totals if the pence are not being shown
Page 6
| From | 01 January 2023 | 01 January 2022 | |
|---|---|---|---|
| Note | To | 31 December 2023 | 31 December 2022 |
Fees - Fees Fund (Designated) Fund Incoming resources and Resources used
| Receipts | ||
|---|---|---|
| Other incoming resources | ||
| PCC element of Fees income | 5,948 | 9,752 |
| Minister element of Fee income | 2,616 | 4,356 |
| Verger element of Fee income | 630 | 1,420 |
| Musician element of Fees income | 300 | 1,885 |
| Stonemason element of Fees income | 1,701 | 2,208 |
| Total Other incoming resources | 11,195 | 19,621 |
| Total receipts | 11,195 | 19,621 |
| Payments | ||
| Other resources used | ||
| PCC element of Fees expense | 6,038 | 9,805 |
| Minister element of Fees expense | 2,456 | 4,165 |
| Verger element of Fees expense | 590 | 1,340 |
| Musician element of Fees expense | 500 | 1,685 |
| Stonemason element of Fees expense | 1,656 | 972 |
| Total Other resources used | 11,240 | 17,967 |
| Total payments | 11,240 | 17,967 |
| Excess of Incoming resources over Resources used | (45) | 1,654 |
| Brought forward balance | 4,536 | 2,882 |
| Total carried forward balance | 4,491 | 4,536 |
| 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 7
Holy Trinity Prestwood PCC
Statement of Assets and liabilities Period: 01 January 2023 to 31 December 2023 compared to 2022
| From: To: |
01 January 2023 01 January 2022 31 December 2023 31 December 2022 |
|---|---|
| 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:- 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 Legacy Fund Page 5 SEARCH Page 6 Coffee Fund Page 6 Fees Fund Page 7 FIXED ASSETS Property Fund Page 7 TOTAL FUNDS |
4932 16031 7476 5401 1754 4828 359 356 849 3118 121 940 14 1 75580 50000 74720 84100 52 300 247 315 4491 4536 170595 169926 950 705 171545 170631 1291 2949 550 605 1841 3554 169704 167078 31536 31536 201240 198614 5385 5549 35119 35119 16266 13021 108144 108239 52 300 247 315 4491 4536 169704 167079 31536 31536 201240 198615 |
There may be minor discrepancies in the totals if the pence are not being shown
Page 8
for the year ended 31st December 2023
HOLY TRINITY CHURCH, PRESTWOOD
NOTES TO THE FINANCIAL STATEMENTS
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.
Page 9
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 2023 £ 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 £450,000.
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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 2023, which are set out on pages 1 to 10.
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 the audit requirement of the Charities Act 2011 (the 2011 Act) does not apply.
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
Lyn Williams Chartered Accountant Ringwood Kiln Road Prestwood, Bucks HP16 9DH
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