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2023-12-31-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL

OF THE ECCLESIASTICAL PARISH OF

GREAT MARLOW WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM

for the year ended

31 December 2023

Charity Registration No: 1130498

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM

CONTENTS

Page
Members report 1 - 4
Independent examiner's report 5
Statement of financial activities 6 - 7
Balance sheet 8
Notes to the financial statements 9 - 26

Parochial Church Council of the Ecclesiastical Parish of Great Marlow with Marlow Bottom, Little Marlow and Bisham

Our Vision

Our Churches:

Contact:

The Causeway Marlow

The Lantern Marlow Bottom Road Marlow Bottom St John the Baptist Church Road Little Marlow

The Parish Office The Causeway, Marlow Buckinghamshire, SL7 1AA 01628 481806

parish.office@4u-team.org Website: www.4u-team.org

Bisham Church Lane Bisham

The Parochial Church Council of the Ecclesiastical Parish of Great Marlow with Marlow Bottom, Little Marlow and Bisham is a team of four churches in the Marlow area with a single vision. We serve some 20,000 people in a Parish that forms part of the Wycombe Deanery and Oxford Diocese.

The Parochial Church Council (PCC) is a corporate body (PCC Powers Measure 1956, Church Representation Rules 2011) established by the Church of England and is a charity registered with the Charity Commission under registration number 1130498.

The members of the PCC present their Annual Report with the financial statements of the PCC for the year ended 31 December 2023. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Accountant

Azets Audit Services Suites B & D Burnham Yard Beaconsfield Buckinghamshire HP9 2JH

Bankers

Barclays Bank plc HSBC Bank plc Lloyds Bank plc CBF (Church of England) Santander UK plc United Trust Bank

Page | 1

Parochial Church Council of the Ecclesiastical Parish of Great Marlow with Marlow Bottom, Little Marlow and Bisham

ANNUAL REPORT FOR 2023

Membership

The appointment of PCC members is governed by and set out in the Church Representation Rules 2011 and the Parish Constitution. Lay members of the PCC are, in some cases, ex officio. The other lay appointments were confirmed at the Annual Parish Church Meeting on 23[rd] May 2023. Those serving in the year were:

Clergy Deanery Synod Rev D Bull Team Rector Mrs P Banfield Mr R Bull Team Vicars Mrs K Burns th Sep) Mr S Featherstone-Clark Rev S Jones Elected Members Rev G Watts Miss E Cleugh Mr D Cronchey Curates Churchwardens Rev Mrs C Bradley-Sessions Diocesan Synod Mrs K Burns (from 18[th] Nov) Mr S Featherstone-Clark Mr N Lewis Mr P Rodger Mr J Smith

Constitution

The PCC is a corporate body established by the Church of England. The PCC operates under the Parochial Church Councils (Powers) Measure 1956 and the Church Representation Rules and was registered with the Charity Commission on 9 July 2009. The Parish was created by an Order in Council dated 9 February 1993 and a Scheme approved by the Bishop of Dorchester on 31 May 2016 and embraces four District Church Councils - object of the PCC is to promote the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. In so doing, the PCC co-operates with the clergy in promoting in the Parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical.

The PCC is responsible for making decisions on all matters of general concern and importance to the Parish including deciding how the funds of the PCC are to be spent. So far as possible, the PCC has delegated day-to-day running of each church to the local DCC. Each DCC remains responsible to the PCC and reports back to the PCC on a regular basis.

The activities of the PCC conform to the guidance of the Charity Commission to charities for the advancement of religion, showing identifiable benefit to the wider public, in that acts of worship are open to anyone who wishes to attend. Weddings, baptisms and funerals are services that particularly welcome all members of the community. The church buildings and grounds are also used frequently as venues for many community events.

Page | 2

Parochial Church Council of the Ecclesiastical Parish of Great Marlow with Marlow Bottom, Little Marlow and Bisham

ANNUAL REPORT FOR 2023

Trustees PCC Members

The appointment of PCC members is governed by and set out in the Church Representation Rules 2011, supplemented by the provisions of the Parish Constitution. The membership of the PCC currently consists of the team clergy and the licensed lay minister, with churchwardens, lay members of the Deanery and Diocesan Synods, and lay representatives of the Parish. Members of church congregations over the age of 16 and on the Electoral Roll may stand for election to their local DCC and as lay representatives to the PCC and are encouraged to do so. Training is available to those new to trusteeship to explain the responsibilities of trusteeship and PCC membership.

RESPONSIBILITIES OF THE MEMBERS OF THE PCC

Accounting

The members of the PCC are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to Charities in England and Wales requires the members to prepare financial statements for each financial year which give a true and fair view of the state of the PCC's affairs and of the incoming resources and application of resources of the PCC for that period. In preparing these financial statements the members are required to:

The members are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the PCC and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Church Accounting Regulations 2006.

The members are also responsible for safeguarding the assets of the PCC and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Reserves Policy

The PCC has established a policy of maintaining reserves at a level which is felt sufficient to enable the current level of activities to be continued. Activity levels can be maintained for the foreseeable future.

Risk Management

Each of the DCCs has assessed the financial and operational risks pertaining to their church. There are named representatives from each of the churches responsible for assessing and addressing risk issues. It has been agreed by the PCC that each church shall report on its financial condition twice a year whilst operational risk will be reported on once a year.

The PCC Representative for safeguarding children and vulnerable adults is Mrs D Dru with representatives for each church. The safeguarding policy for the Diocese of Oxford was adopted during the year 2023.

Page | 3

ANNUAL REPORT FOR 2023

Volunteers

All four churches in the Parish rely extensively on volunteers to maintain the buildings and churchyards, to support the clergy in many ways and to minister, whether through prayer, scripture, music or sacrament. There are too many individuals and groups to acknowledge by name, but the PCC is most grateful to them all. It is impossible to attribute a monetary value to the contribution made by volunteers and so none is recognised in the Statement of Financial Activities.

Parish Activity During 2023

Our top priority every year is to be Spirit-Led, which we understand to mean growing to be more dependent on God, more centred on Jesus and more sensitive to the leading of his Holy Spirit. Our churches have flourished this year in different ways. As a team we collaborate across all 4 churches where it makes sense to do so, including in the areas of safeguarding, co-ordination of weddings, funerals and baptisms, IT and communications infrastructure, administration and clergy team work.

It has been a stable year in the leadership of the parish, with all trustees remaining the same except , inspired by the hope of Jesus Christ and empowered by the Holy Spirit, continues to do extraordinary things through the ordinary lives of its members.

Financial Review

Attached to this report are the financial statements for the Parish for the year ending 31[st] December 2023; these consolidate income, expenditure and assets and liabilities for all four churches.

Compared to 2022, total income increased this year by £93,020, whilst the overall expenditure has increased by £114,577. This in turn led to an overall net deficit movement in funds of £8,219 after movement on investments, this is compared to a total deficit in 2022 of £17,685.

There remain liquid unrestricted funds to finance activities for the foreseeable future. Given the relatively fixed nature of the cost base, new ways to grow revenue are being explored. It is therefore considered prudent to continue to conserve funds as far as possible.

The members report was approved by the Board of Members:

D Bull Team Rector

Page | 4

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM

INDEPENDENT EXAMINER'S REPORT

TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM

I report to the members on my examination of the financial statements of The Parochial Church Council of the Ecclesiastical Parish of Great Marlow, with Marlow Bottom, Little Marlow and Bisham (the PCC) for the year ended 31 December 2023.

Responsibilities and basis of report

As the members of the PCC you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the PCC’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the PCC’s gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Mr C J Nisbet FCA

Azets Audit Services Suites B&D Burnham Yard Beaconsfield Bucks HP9 2JH

20/09/2024 Dated: .........................

Total 2022 £ 456,098 84,661 10,669 3,988 555,416 5,864 549,076 554,940 (18,161) (17,685)
Restricted Endowment funds
funds		 2022
2022		 £
£		 38,257
-		 -
-		 3,757
-		 157
-		 42,171
-		 5,485
-		 34,995
-		 40,480
-		 (6,753)
(8,143)		 (5,062)
(8,143)
Designated funds 2022 £ 8,049 - - 59 8,108 - 24,653 24,653 - (16,545)
Total Unrestricted funds 2023
2022		 £
£		 551,147
409,792		 76,310
84,661		 13,682
6,912		 7,297
3,772		 648,436
505,137		 4,747
379		 664,770
489,428		 669,517
489,807		 12,862
(3,265)		 (8,219)
12,065
Restricted Endowment funds
funds		 2023
2023		 £
£		 108,404
-		 815
-		 4,797
-		 601
-		 114,617
-		 4,106
-		 77,081
-		 81,187
-		 8,365
2,518		 41,795
2,518
Designated funds 2023 £ 8,547 - - 193 8,740 - 39,643 39,643 - (30,903)
Unrestricted funds 2023 £ 434,196 75,495 8,885 6,503 525,079 641 548,046 548,687 1,979 (21,629)
Notes Income from: Voluntary income
2		 Church activities
3		 Fundraising events
4		 Investment income
5		 Total income Expenditure on: Raising funds
6		 Charitable activities
7		 Total expenditure Net gains/(losses) on investments
11		 Net (outgoing)/incoming resources before transfers
Total 2022 £ (17,685) - (17,685) 497,369 479,684
Restricted Endowment funds
funds		 2022
2022		 £
£		 (5,062)
(8,143)		 9,709
-		 4,647
(8,143)		 107,076
34,689		 111,723
26,546
Designated funds 2022 £ (16,545) - (16,545) 146,966 130,421
Total Unrestricted funds 2023
2022		 £
£		 (8,219)
12,065		 -
(9,709)		 (8,219)
2,356		 479,684
208,638		 471,465
210,994
Restricted Endowment funds
funds		 2023
2023		 £
£		 41,795
2,518		 -
-		 41,795
2,518		 111,723
26,546		 153,518
29,064
Designated funds 2023 £ (30,903) 5,000 (25,903) 130,421 104,518
Unrestricted funds 2023 £ (21,629) (5,000) (26,629) 210,994 184,365
Notes Net (outgoing)/incoming resources before transfers Gross transfers between funds Net movement in funds Fund balances at 1 January Fund balances at 31 December

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM

BALANCE SHEET

AS AT 31 DECEMBER 2023

Notes
Fixed assets
Tangible assets
13
Investments
14
Current assets
Debtors
15
Investments
16
Cash at bank and in hand
Creditors: amounts falling due within
one year
17
Net current assets
Total assets less current liabilities
Funds
Endowment funds
19
Restricted funds
20
Designated funds
21
Unrestricted funds		 2023
£
29,010
112,807
178,836
320,653
(27,153)		 £
266
177,699
177,965
293,500
471,465
29,064
153,518
104,518
184,365
471,465		 2022
£
26,743
87,270
216,685
330,698
(28,917)		 £
266
177,637
177,903
301,781
479,684
26,546
111,723
130,421
210,994
479,684

The financial statements were approved by the Members on .........................16 September 2024

.............................. Rev'd D Bull Team Rector

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

Charity information

The Parochial Church Council of the Ecclesiastical Parish of Great Marlow, with Marlow Bottom, Little Marlow and Bisham is a body corporate body (PCC Powers Measure 1956, Church Representation Rules 2011) established by the Church of England.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members.

The financial statements are prepared in sterling, which is the functional currency of the PCC. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of fixed asset investments and to include fixed asset investments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the members have a reasonable expectation that the PCC has adequate resources to continue in operational existence for the foreseeable future. Thus the members continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC.

Funds designated for a particular purpose by the PCC are also unrestricted.

Restricted funds represent donations and grants and the income thereon received for a specific objective or invited by the PCC or any DCC for a specific objective. The funds may only be expended on the specific objective for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund.

Endowment funds are funds the capital of which must be maintained. Only income arising from the investment of the endowment may be used either as restricted or unrestricted funds depending on the purpose for which the endowment was established.

1.4 Income

Income is recognised when the PCC is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

(Continued)

Voluntary income

Income from investments

Gains and losses on investments

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Grants

Grants and donations are accounted for when paid, or when awarded, if that award creates a binding obligation on the PCC.

Activities directly relating to the work of the church

The Diocesan quota is accounted for when payable. Any quota unpaid at the balance sheet date which the PCC intends to pay is accrued as a contstructive (though not a legal) obligation and included within creditors at the balmace sheet date.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings and equipment 20% straight line Computers 20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

(Continued)

Consecrated land and buildings and movable church furnishings

Consecrated and beneficed property is excluded from the accounts by s.10(2)(a) of the Charities Act 2011.

No value is placed on movable church furnishings held by the churchwardens on special trust for 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 benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the statement of financial activities and separately disclosed.

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

At each reporting end date, the PCC reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents includes cash at bank and in hand.

1.10 Financial instruments

The PCC has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the PCC's balance sheet when the PCC becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities

Basic financial liabilities, including creditors, are recognised at transaction price.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

Short term employee benefits are recognised as incurred.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Total 2022 £ 146,234 4,903 202,425 72,519 30,017 456,098
Restricted funds 2022 £ 29,966 1,370 2,474 4,421 26 38,257
Designated funds 2022 £ 5,200 2,799 - 50 - 8,049
Unrestricted funds 2022 £ 111,068 734 199,951 68,048 29,991 409,792
Total 2023 £ 180,736 3,218 241,360 83,896 41,937 551,147
Restricted funds 2023 £ 89,004 1,980 12,813 4,391 216 108,404
Designated funds 2023 £ 5,000 1,047 2,200 300 - 8,547
Unrestricted funds 2023 £ 86,732 191 226,347 79,205 41,721 434,196
Voluntary income Donations and gifts Grants Planned giving Gift aid tax recoverable Collections
2

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

3 Church activities

Church
activities
Church
activities
2023
2022
£
£
Fees
50,351
58,879
Church and hall letting etc.
23,292
25,454
Other income
2,667
328
76,310
84,661
Analysis by fund
Unrestricted funds
75,495
84,661
Restricted funds
815
-
76,310
84,661		 Church
activities
Church
activities
2023
2022
£
£
Fees
50,351
58,879
Church and hall letting etc.
23,292
25,454
Other income
2,667
328
76,310
84,661
Analysis by fund
Unrestricted funds
75,495
84,661
Restricted funds
815
-
76,310
84,661		 Church
activities
Church
activities
2023
2022
£
£
Fees
50,351
58,879
Church and hall letting etc.
23,292
25,454
Other income
2,667
328
76,310
84,661
Analysis by fund
Unrestricted funds
75,495
84,661
Restricted funds
815
-
76,310
84,661
2023
£
50,351
23,292
2,667
76,310
75,495
815
76,310		 2022
£
58,879
25,454
328
84,661
84,661
-
84,661
Unrestricted Restricted **Total ** Unrestricted Restricted Total
funds funds funds funds
2023 2023 2023 2022 2022 2022
£ £ £ £ £ £
Fundraising events 8,885 4,797 13,682 6,912 3,757 10,669
Total 2022 £ 3,127 861 3,988 Total 2022 £ 5,864 5,864
Restricted funds 2022 £ - 157 157 Restricted funds 2022 £ 5,485 5,485
Designated funds 2022 £ - 59 59 Unrestricted funds 2022 £ 379 379
Unrestricted funds 2022 £ 3,127 645 3,772 Total 2023 £ 4,747 4,747
Designated
Restricted
Total		 funds
funds		 2023
2023
2023		 £
£
£		 -
-
3,128		 193
601
4,169		 193
601
7,297		 Unrestricted
Restricted		 funds
funds		 2023
2023		 £
£		 641
4,106		 641
4,106
Unrestricted funds 2023 £ 3,128 3,375 6,503
Investment income Dividends receivable Interest receivable Raising funds Fundraising and publicity Staging fundraising events
5 6

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

7
Charitable activities
Church
activities
Church
activities
2023
2022
£
£
Staff costs
154,956
106,536
Missionary and charitable giving - overseas
4,998
15,125
Missionary and charitable giving - societies and other charities
66,692
16,905
Ministry - Diocesan quota
196,102
218,492
Ministry - Clergy costs
1,956
3,471
Choir, organists, and related costs
27,516
13,093
Church running expenses
36,579
40,015
Chruch maintenance - heating and lighting
38,648
23,788
Church maintenance - repairs and maintenance
36,195
14,135
Church maintenance - insurances
12,471
10,738
Church hall running costs
13,031
21,850
Wedding and funeral costs
23,447
29,107
Parish office costs
32,321
21,177
Recruitment costs
1,650
7,209
Other costs
13,099
2,035
659,661
543,676
Share of governance costs (see note 8)
5,109
5,400
664,770
549,076
Analysis by fund
Unrestricted funds
548,046
489,428
Designated funds
39,643
24,653
Restricted funds
77,081
34,995
664,770
549,076		 7
Charitable activities
Church
activities
Church
activities
2023
2022
£
£
Staff costs
154,956
106,536
Missionary and charitable giving - overseas
4,998
15,125
Missionary and charitable giving - societies and other charities
66,692
16,905
Ministry - Diocesan quota
196,102
218,492
Ministry - Clergy costs
1,956
3,471
Choir, organists, and related costs
27,516
13,093
Church running expenses
36,579
40,015
Chruch maintenance - heating and lighting
38,648
23,788
Church maintenance - repairs and maintenance
36,195
14,135
Church maintenance - insurances
12,471
10,738
Church hall running costs
13,031
21,850
Wedding and funeral costs
23,447
29,107
Parish office costs
32,321
21,177
Recruitment costs
1,650
7,209
Other costs
13,099
2,035
659,661
543,676
Share of governance costs (see note 8)
5,109
5,400
664,770
549,076
Analysis by fund
Unrestricted funds
548,046
489,428
Designated funds
39,643
24,653
Restricted funds
77,081
34,995
664,770
549,076		 7
Charitable activities
Church
activities
Church
activities
2023
2022
£
£
Staff costs
154,956
106,536
Missionary and charitable giving - overseas
4,998
15,125
Missionary and charitable giving - societies and other charities
66,692
16,905
Ministry - Diocesan quota
196,102
218,492
Ministry - Clergy costs
1,956
3,471
Choir, organists, and related costs
27,516
13,093
Church running expenses
36,579
40,015
Chruch maintenance - heating and lighting
38,648
23,788
Church maintenance - repairs and maintenance
36,195
14,135
Church maintenance - insurances
12,471
10,738
Church hall running costs
13,031
21,850
Wedding and funeral costs
23,447
29,107
Parish office costs
32,321
21,177
Recruitment costs
1,650
7,209
Other costs
13,099
2,035
659,661
543,676
Share of governance costs (see note 8)
5,109
5,400
664,770
549,076
Analysis by fund
Unrestricted funds
548,046
489,428
Designated funds
39,643
24,653
Restricted funds
77,081
34,995
664,770
549,076
2023
£
154,956
4,998
66,692
196,102
1,956
27,516
36,579
38,648
36,195
12,471
13,031
23,447
32,321
1,650
13,099
659,661
5,109
664,770
548,046
39,643
77,081
664,770		 2022
£
106,536
15,125
16,905
218,492
3,471
13,093
40,015
23,788
14,135
10,738
21,850
29,107
21,177
7,209
2,035
543,676
5,400
549,076
489,428
24,653
34,995
549,076

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

8 Support costs

Support costs
Independent examination and accountancy fees
Analysed between
Charitable activities		 Support
costs
Governance
costs
£
£
-
5,109
-
5,109
-
5,109		 2023
£
5,109
5,109
5,109		 2022
£
5,400
5,400
5,400

9 Members

None of the members (or any persons connected with them) received any remuneration or benefits from the PCC during the year.

During the year the members were reimbursed expenses of £11,340 (2022: £11,435 ).

10 Employees

The average full time equivalent number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2023
Number
8
2023
£
148,687
2,772
3,497
154,956		 2022
Number
4
2022
£
104,461
624
1,451
106,536

There were no employees whose annual remuneration was more than £60,000.

Total 2022 £ (17,695) (466) (18,161)
Endowment funds 2022 £ (8,143) - (8,143)
Restricted funds 2022 £ (6,753) - (6,753)
Unrestricted funds 2022 £ (2,799) (466) (3,265)
Total 2023 £ 4,193 8,669 12,862
Restricted Endowment funds
funds		 2023
2023		 £
£		 7,996
2,518		 369
-		 8,365
2,518
Unrestricted funds 2023 £ (6,321) 8,300 1,979
Net gains/(losses) on investments Revaluation of investments Gain/(loss) on sale of investments
11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

12 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

13 Tangible fixed assets

Fixtures,
fittings and
equipment
Computers
£
£
Cost
At 1 January 2023
7,878
2,878
At 31 December 2023
7,878
2,878
Depreciation and impairment
At 1 January 2023
7,612
2,878
At 31 December 2023
7,612
2,878
Carrying amount
At 31 December 2023
266
-
At 31 December 2022
266
-		 Total
£
10,756
10,756
10,490
10,490
266
266

14 Fixed asset investments

Listed
investments
Cash in
portfolio
£
Cost or valuation
At 1 January 2023
175,096
2,541
Valuation changes
8,280
-
Cash movements
-
81
Disposals
(8,300)
-
At 31 December 2023
175,076
2,622
Carrying amount
At 31 December 2023
175,076
2,622
At 31 December 2022
175,096
2,541		 Total
£
177,637
8,280
81
(8,300)
177,698
177,698
177,637

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

15
Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
16
Current asset investments
Cash deposits
17
Creditors: amounts falling due within one year
Other creditors
Accruals and deferred income		 2023
£
21,436
7,574
29,010
2023
£
112,807
2023
£
2,372
24,781
27,153		 2022
£
23,970
2,773
26,743
2022
£
87,270
2022
£
4,424
24,493
28,917

18 Retirement benefit schemes

Defined contribution schemes

The PCC operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the PCC in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £3,497 (2022: £1,451).

Endowment funds Endowment funds represent assets which must be held permanently by the PCC. Income arising on the endowment funds can be used in accordance with the objects of the PCC and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund. Movement in funds
Movement in funds		 Balance at
Incoming
Resources
Transfers
Revaluations
Balance at
Incoming
Resources
Transfers
Revaluations
Balance at		 1 January 2022
resources
expended
gains and
1 January 2023
resources
expended
gains and
31 December		 losses
losses
2023		 £
£
£
£
£
£
£
£
£
£
£		 Yates bequest
31,276
-
-
-
(4,730)
26,546
2,518
-
-
-
29,064		 Curate fund
3,413
-
-
-
(3,413)
-
-
-
-
-
-		 34,689
-
-
-
(8,143)
26,546
2,518
-
-
-
29,064
19
Restricted funds The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: Movement in funds
Movement in funds		 Balance at
Incoming
Resources
Transfers Revaluations,
Balance at
Incoming
Resources
Transfers Revaluations,
Balance at		 1 January 2022
resources
expended
gains and
1 January 2023
resources
expended
gains and
31 December		 losses
losses
2023		 £
£
£
£
£
£
£
£
£
£
£		 All Saints Marlow Plate fund
453
-
-
-
-
453
-
-
-
-
453		 Crypt
205
-
-
-
-
205
-
(205)
-
-
-		 Choir Tours fund
1,782
-
-
-
-
1,782
-
-
-
-
1,782		 Choir Music fund
1,456
-
(1,283)
-
-
173
-
-
-
-
173		 Furniture fund
10,890
4,683
(25,282)
9,709
-
-
27,226
(14,783)
-
-
12,443		 Meals from Marlow
-
-
-
-
-
-
50,967
(37,295)
-
-
13,672		 Total
14,786
4,683
(26,565)
9,709
-
2,613
78,193
(52,283)
-
-
28,523
20
(Continued) 285 420 12,485 - - - - - 13,190
- - - - - - - - -
- - - - - - - - -
- - (1,672) - (378) (30) (2,745) (25) (4,850)
- - 14,107 - 378 30 2,745 25 17,285
285 420 50 - - - - - 755
- - - - - - - - -
- - - - - - - - -
- - - (1,445) - - - - (1,445)
- - 50 1,445 - - - - 1,495
285 420 - - - - - - 705
Restricted funds St Mary the Virgin Marlow Bottom Creche fund S&S Sabbatical fund Children and Families Worker Other Funds (See below) Appeal and Chairty Collections Energy Grant New Building Fund Christmas Tree Total
20
Restricted funds
(Continued)		 St John the Baptist Little Marlow Fabric Fund
80,454
634
(3,300)
-
(6,753)
71,035
8,965
(4,480)
-
-
75,520		 Total
80,454
634
(3,300)
-
(6,753)
71,035
8,965
(4,480)
-
-
75,520		 All Saints All Saints Bisham Fabric Fund
976
597
-
-
-
1,573
485
(100)
-
-
1,958		 Friends
8,155
7,818
(9,165)
-
-
6,808
10,852
(5,129)
-
-
12,531		 Organ Fund
2,000
26,943
(5)
-
-
28,938
8,691
(15,834)
-
-
21,795		 Total
11,131
35,359
(9,170)
-
-
37,320
20,028
(21,063)
-
-
36,285		 107,076
42,171
(40,480)
9,709
(6,753)
111,723
124,471
(82,676)
-
-
153,518		 St Mary the Virgin, Marlow Bottom, Other Funds comprises £400 received into a Redecorating fund, £225 received into Appeal and Charity Collections fund, and £820 received into Energy Grant fund, all of which were fully expensed in the year.
20
Designated funds The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes: Movement in funds
Movement in funds		 Balance at
Incoming
Resources
Transfers Revaluations,
Balance at
Incoming
Resources
Transfers Revaluations,
Balance at		 1 January 2022
resources
expended
gains and
1 January 2023
resources
expended
gains and
31 December		 losses
losses
2023		 £
£
£
£
£
£
£
£
£
£
£		 All Saints Marlow 5 Year Vision
88,325
-
(22,000)
-
-
66,325
-
(22,000)
-
-
44,325		 Fabric fund
19,754
-
-
-
-
19,754
-
(8,185)
-
-
11,569		 Total
108,079
-
(22,000)
-
-
86,079
-
(30,185)
-
-
55,894		 St Mary the Virgin - Marlow Bottom Children and Families Worker Fund
-
4,000
-
-
-
4,000
2,500
-
-
-
6,500		 Total
-
4,000
-
-
-
4,000
2,500
-
-
-
6,500		 St John the Baptist - Little Marlow Development Fund
4,313
3,559
(966)
-
-
6,906
-
(32)
-
4,000
10,874		 Music Fund
4,786
549
(1,687)
-
-
3,648
-
(2,263)
-
1,000
2,385		 Other Fund
124
-
-
-
-
124
-
-
-
-
124		 Total
9,223
4,108
(2,653)
-
-
10,678
-
(2,295)
-
5,000
13,383
21
(Continued) 28,741 28,741 104,518 Total 2022 £ 266 177,637 301,781 479,684
- - 5,000 Endowment funds 2022 £ - 26,546 - 26,546
- - - Restricted funds 2022 £ - - 111,723 111,723
(923) (923) (33,403) Designated funds 2022 £ - - 130,421 130,421
29,664
-		 29,664
-		 130,421
2,500		 Total Unrestricted funds 2023
2022		 £
£		 266
266		 177,699
151,091		 293,500
59,637		 471,465
210,994
- - -
- - - Endowment funds 2023 £ - 29,064 - 29,064
Designated funds All Saints Bisham Capital Fund
29,664
-
-		 Total
29,664
-
-		 146,966
8,108
(24,653)		 Analysis of net assets between funds Unrestricted
Designated
Restricted		 funds
funds
funds		 2023
2023
2023		 £
£
£		 Fund balances at 31 December 2023 are represented by: Tangible assets
266
-
-		 Investments
77,424
-
71,211		 Current assets/(liabilities)
106,675
104,518
82,307		 184,365
104,518
153,518
21 22

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT MARLOW, WITH MARLOW BOTTOM, LITTLE MARLOW AND BISHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

23 Related party transactions

There were no disclosable related party transactions during the year (2022: none).