HOLY TRINITY CHURCH, PRESTWOOD
STATUTORY ACCOUNTS
FOR THE YEAR ENDED 31st December 2024
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 2024
MISSION GIVING / CHARITABLE COLLECTIONS
Since 2010 the policy regarding Charitable collections has been focused on specific cause appeals.
In 2024, as in 2023, the Lent Appeal supported 3 charities, support to another parish, an international relief agency and a local cause. The first was the parish that we supported in 2023, St Matthews, Burnley. This year we chose Christian Aid as our international relief agency and Inspire Bucks as our local cause. The Appeal raised £4040.23 which was divided equally between the three.
The receipts and payments relating to this are included in Other Income and Other Expenses.
The cost of resourcing ministry per incumbent in the diocese is £67107. Holy Trinity has 80% of an incumbent at a cost of £53685. The Parish Share in 2024 was £62315 which included £8630 support to parishes in other parts of the diocese that cannot meet their costs of ministry.
We received a discount of £3200 for Deiniol's work as Commissary to the Archdeacon.
In December 2024 we held our usual 3 Christingle Services. We raised £676 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 2024 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 |
|---|---|
| 148689 153360 -4671 0 -4671 6834 3286 3548 0 3548 0 0 0 0 0 0 3215 -3215 0 -3215 16097 17285 -1188 0 -1188 -10596 -10596 |
|
| 161024 166550 -5526 0 -5526 |
* 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 £10596.
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 2024 to 31 December 2024
| From | 01 January 2024 | 01 January 2023 | |
|---|---|---|---|
| Note | To | 31 December 2024 | 31 December 2023 |
| General - General fund (Unrestricted) Fund Incoming resources and Resources used | |||
| Receipts | |||
| Incoming resources from generated funds | |||
| Voluntary income (recurring) | |||
| Standing Orders | 63,529 | 63,876 | |
| FWO Envelopes | 320 | 830 | |
| Parish Giving Scheme | 3,816 | 2,396 | |
| Standing Order (NGA) | 5,155 | 4,865 | |
| Income Tax Recovered | 18,752 | 19,892 | |
| Total Voluntary income (recurring) | 91,573 | 91,859 | |
| Voluntary income (non-recurring) | |||
| Gift Aided Cash Collection | 1,750 | 937 | |
| Cash Collection | 4,346 | 5,060 | |
| Donations | 4,230 | 3,222 | |
| Goodbox donations | 2,120 | 2,599 | |
| Paypal donations | 413 | 142 | |
| Total Voluntary income (non-recurring) | 12,859 | 11,961 | |
| Activities for generating funds | |||
| Fundraising Events | 7,136 | 8,302 | |
| Burial Fees (Statutory) | 4,348 | 1,940 | |
| Other ie. Memorials & Internments Fees | 258 | 167 | |
| Weddings Fees (Statutory) | 656 | 508 | |
| Occ offices non-stat income | 2,545 | 2,589 | |
| Church bookings | 3,376 | 4,245 | |
| Cottage bookings | 527 | 468 | |
| Hall bookings | 9,598 | 8,798 | |
| Annexe bookings | 1,479 | 1,466 | |
| Other Income | 5,174 | 6,842 | |
| 200 Club Subscriptions | 2,760 | 2,960 | |
| Total Activities for generating funds | 37,857 | 38,285 | |
| Investment income | |||
| Bank Interest | 126 | 78 | |
| Total Investment income | 126 | 78 | |
| Incoming resources from charitable activities | |||
| "Making Lunch" project | 1,715 | 1,753 | |
| Total Incoming resources from charitable activities | 1,715 | 1,753 | |
| Other incoming resources | |||
| Great Hampden Recharges | 4,560 | 3,870 | |
| Total Other incoming resources | 4,560 | 3,870 | |
| Total receipts | 148,689 | 147,807 |
There may be minor discrepancies in the totals if the pence are not being shown
Page 3
From 01 January 2024 01 January 2023 To 31 December 2024 31 December 2023
Note
| Brought forward balance Total carried forward balance Total payments Excess of Incoming resources over Resources used Governance costs Diocesan Share Total Governance costs Charitable activities "Making Lunch" project Total Charitable activities Buildings Insurance Total Premises Overheads Utilities - Cottage Utilities - Church Buildings - cleaning Utilities - Hall Buildings Maintenance - Cottage Buildings Maintenance - Church Premises Overheads Grounds Maintenance Buildings Maintenance - Hall 200 Club winnings Total Cost of generating funds Bank Charges Other Expenses Printing & Stationery Family Support Resources Other Church Supplies Flowers Equipment - Church & Ch. yard Communion Supplies Photocopier Lease Internet & phone Associate Priest's Expenses Family Support Worker's expenses Clergy Costs Rector's Expenses Music - Occasional offices Caretaker's salary Additional Musicans Musical Resources Musical Development Organist - Sunday evening Family Support Worker's salary Organist - Sunday morning & festivals Office Administrator's Salary Marketing Manager's salary Payments Cost of generating funds Fundraising |
1,041 1,123 126 154 6,714 6,397 1,651 1,440 2,200 1,783 2,465 884 680 420 — 210 529 416 1,901 1,853 857 813 1,739 1,103 79 19 1,259 237 1,114 1,144 1,095 850 1,112 975 165 300 809 763 1,029 700 165 250 16,477 12,054 2,820 3,000 8,000 11,140 9,398 8,752 2,282 1,595 |
|---|---|
| 3,757 4,561 2,404 1,561 6,202 5,285 3,075 3,180 6,007 3,708 393 478 2,486 3,339 1,845 3,138 1,277 1,442 65,708 58,374 |
|
| 1,715 1,753 27,445 26,692 |
|
| 58,492 61,150 1,715 1,753 |
|
| 58,492 61,150 |
|
| 153,360 147,970 |
|
| 5,385 5,549 (4,671) (163) |
|
| 714 5,385 |
There may be minor discrepancies in the totals if the pence are not being shown
Page 4
From 01 January 2024 01 January 2023 To 31 December 2024 31 December 2023
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 |
| Peterscl - 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 | 3,215 | 2,562 |
| Total Premises Overheads | 3,215 | 2,562 |
| Total payments | 3,215 | 2,562 |
| Excess of Incoming resources over Resources used | (3,215) | 3,246 |
| Brought forward balance | 16,266 | 13,021 |
| Total carried forward balance | 13,052 | 16,266 |
Legacy - Legacy Fund (Designated) Fund Incoming resources and Resources used
| Buildings Maintenance - Church Total Premises Overheads Total Cost of generating funds Premises Overheads Buildings Maintenance - Hall Payments Cost of generating funds Children's choir Minor projects Total Investment income Total receipts Total Voluntary income (non-recurring) Investment income Bank Interest Receipts Incoming resources from generated funds Voluntary income (non-recurring) Bequests |
550 — 1,286 — 2,000 7,608 736 — — 540 2,000 7,068 6,334 2,513 6,834 7,513 500 5,000 6,334 2,513 500 5,000 |
|---|---|
| There may be minor discrepancies inthe totals ifthe pence are Brought forward balance Total carried forward balance Total payments Excess of Incoming resources over Resources used |
not being shown 108,144 108,239 111,692 108,144 3,286 7,608 3,548 (95) |
| Page 5 |
From 01 January 2024 01 January 2023 To 31 December 2024 31 December 2023
Note
Search - SEARCH Fund (Designated) Fund Incoming resources and Resources used
| Total Charitable activities Totalpayments Total Cost of generating voluntary income Charitable activities Contribution to PCC fundraising Total Cost of generating funds Cost of generating voluntary income Hospitality Total receipts Payments Cost of generating funds Other Expenses Activities for generating funds Coffee Total Activities for generating funds Total carried forward balance Coffee - Coffee Fund (Designated) Fund Incoming resources and Resources used Receipts Incoming resources from generated funds Excess of Incoming resources over Resources used Brought forward balance Total Charitable activities Total payments Total Cost of generating voluntary income Charitable activities Contribution to PCC fundraising Payments Cost of generating funds Cost of generating voluntary income Hospitality Total Activities for generating funds Total receipts Incoming resources from generated funds Activities for generating funds Funds from Hospitality Float from General Fund Receipts |
311 400 439 550 42 120 311 400 85 30 42 120 191 482 85 30 191 482 191 482 300 52 248 (248) 52 300 580 — 2,179 1,379 1,599 1,379 580 — 1,599 1,379 2,426 1,132 2,426 1,132 2,176 1,132 250 — |
|---|---|
| COFFEE FUND CLOSED Total carried forward balance Excess of Incoming resources over Resources used Brought forward balance |
— 247 (247) (68) 247 315 |
There may be minor discrepancies in the totals if the pence are not being shown
Page 6
From 01 January 2024 01 January 2023 To 31 December 2024 31 December 2023
Note
Fees - Fees Fund (Designated) Fund Incoming resources and Resources used
| Receipts | ||
|---|---|---|
| Other incoming resources | ||
| PCC element of Fees income | 8,043 | 5,948 |
| Minister element of Fee income | 2,950 | 2,616 |
| Verger element of Fee income | 925 | 630 |
| Musician element of Fees income | 775 | 300 |
| Stonemason element of Fees income | 787 | 1,701 |
| Total Other incoming resources | 13,480 | 11,195 |
| Total receipts | 13,480 | 11,195 |
| Payments | ||
| Other resources used | ||
| PCC element of Fees expense | 9,162 | 6,038 |
| Minister element of Fees expense | 3,585 | 2,456 |
| Verger element of Fees expense | 1,145 | 590 |
| Musician element of Fees expense | 775 | 500 |
| Stonemason element of Fees expense | — | 1,656 |
| Total Other resources used | 14,667 | 11,240 |
| Total payments | 14,667 | 11,240 |
| Excess of Incoming resources over Resources used | (1,187) | (45) |
| Brought forward balance | 4,491 | 4,536 |
| Total carried forward balance | 3,305 | 4,491 |
| Property Fund (Designated) Fund Incoming resources and Resources used | ||
| Brought forward balance | 31,536 | 31,536 |
| Total carried forward balance | 31,536 | 31,536 |
Property - Property 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
Holy Trinity Prestwood PCC
Statement of Assets and liabilities Period: 01 January 2024 to 31 December 2024 compared to 2023
| From: To: |
01 January 2024 01 January 2023 31 December 2024 31 December 2023 |
|---|---|
| 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 |
3517 4932 8597 7476 465 1754 364 359 2454 849 235 121 5 14 78427 75580 66643 74720 300 52 0 247 3305 4491 164312 170595 1180 950 165492 171545 634 1291 676 550 1310 1841 164182 169704 31536 31536 195718 201240 714 5385 35119 35119 13052 16266 111692 108144 300 52 0 247 3305 4491 164182 169704 31536 31536 195718 201240 |
There may be minor discrepancies in the totals if the pence are not being shown
Page 8
for the year ended 31st December 2024
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 24 |
31 December 2024 £ 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.
Page10
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 2024, 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
Page11