The Parochial Church Council of the Ecclesiastical Parish of Walton Holy Trinity, Aylesbury Reports & Accounts Financial Year Ending 3111212024 Contents Legal & Administrative Detsils Tru5tee5 Report Independent Examiners Report statement of Financial Activitles ststement of Flnanclal Posltlon Notes- Accountlng Policies Note5- Anatysis of Income & Expenditure Notes- Analysis of Net Assets Between Funds Notes - Other Created uslng ExpensePIus
Legal & Administrative Detsils Charity Name: The Parochlal Church Council of the Ecclesiastlcal Parlsh of Walton Holy Trinity, Aylesbury Charity Number: 1133103 Charity Address: Walton Street Aylesbury Buckinghamshire HP217QX Trustees.. Amanda Henderson Andrew Mccarthy {Appointed 1210512024 Andrew Norman Henderson (Reslgned 12105r2024) Bruce Sinclair Cullen Christopher Graham Dalladay David Robinson (Resigned 17101r2024) Graham Strachan Guy Willimont (Appointed 2010612024) Jane Elizabeth Piper (Resigned 2010312024) Jocelyn Edward Chappell Matthew Edward John Tomson Michael Alan Edward Fulker Nicola Joan Strachan Nigel Daniel Coote (Resigned 25109r2024) Penelope Jane Hurst Rev Andrew Paul Johnson Shani Frances Bragg Key Management Personnel: Vicar.. Rev Andrew Johnson Churchwardens: Graham Strachan, Jocelyn Chappell Treasurer: Penelope Hurst Secretary: Bruce Cullen
Name & Address of Primary Banker.. Natwest 22 Market Square Aylesbury Buckinghamshire HP20 ITR Independent Examiner: steve Marks, Marks Accounting Services 10 Chesterfleld Close Stone
Trustees Report Objects of the charity Regular church &ublic worship open to all. Pastoral work, Includlng vlsltlng the sick and the bereaved. Promoting the whole mlsslon of the rough provision of activltles for senlor cit12ens, parents and toddlers and other special needs groups. Supportlng other charltles In the UK and overseas, Summary of the charity's maln activitie5 and achievements To further the above objects and vision. the charity's main activities and achievements were 05 follows: See Annual Report In planning the activitles, the trustees have applled the guldance on public benefit issued by the Charity Commission. Structure. Governance and Management The Parish of Walton Hol Trinity Aylesbury is a single Church Mlnistry. The Parochlal Church Councll IPCCI has oversight of the Parish. It 15 a torporate bod e5ta¥iished by the Church of England. The PCC Is a reglstered charity {11331031 wlth the Charlty CommlssEon. membe ofthe dc are either eXfficI0. (LPte{l or elected by the Annual Parochial Church Meetlng (APCM). Financial Review NIA Fund5 in Deficit The accounts show a deflclt due to capital asset depreclatlon. although V dld make a cash surplus of approx £20,000: we expert to thi5 to continue for Several more years. Investments Policy There are no investments Reserves Pollcy The chartty alms to hold a mlnimum of £60.00013 months Dfex operate should Income and l or expendlture vary adve. At enditurel as unrestrirted cash, so that the charity could continue to e year end. the charity held unrestricted cash of £83.122. Responsibilities of Tnjstees under charity law The trustees are responsible for preparin and United ngdOrn Accounting Standar the trustees, annual report and the financial statements in accordance with applicable law s lUnd Klngdom Generally Accepted Accounting Practlcel. Chari theo law require5 the trustees to prepare financial statements for each financlal year whlch give a true and fair view of the state of of the charity as at the balance sheet date and of its incoming resource5 and application of resources. including income and expendlture. for the flnancial year. In preparing these firwncial Statements. the trustees are required to.. l. select suitable accounting policies and apply them con5iStently- observe the methods and principles in the Charities SORP- 3. make judgements and estimates that are asonable and pnJdenL' 4. state whether the applicable accountlng standards have been followed, subject to any material departures disclosed and explained in the financial statements: and 5. prepare the flnancial statements on a going concern basis unless it is inapproprfate to presume that the charlty wlll continue In operation. The tnjstees are responslble for keeplng proper accounting records that disdose with reasonable accuracy at an tlme the financlal ition of the chari nd enable them to ensure that the financlal ststements compl with the Charities Act 20 Accounts and Repo ) Regulatlons 2008. The l and the Charity reasonable steps ft*r the preventlon and dete are also responsible for safeguarding ion of fraud and other irregularitles. e a55ets of the charity and hence for tsking
Signature This report was approved by the trustees, and Is slgned on thelr behalf by.. Name &(dAeKI PiulJ6MA3P Slgnature Date 30
Independent Examiners Report I report to the trustees on my examlnation of the accounts of The Parochlal Church Councll of the Ecdesiastical Parish of Walton Holy Trinity, Aylesbury I'the charity,) for the year ended 3V1212024. Responsibilities and Basis of Report The Parochlal Church Council has agreed that an Independent Review is required in accordan with the Charities Act 2011. sectlon 145 & 152. for the above ear. It is my responsibility to cary out this review in order to a} confinn that the Accounts comply with the 2011 Act. bl ensure t e procedures as laid down by the Act are followed. and cl report any matters which have come to my attention during this examination. Thi5 review was in accordance with the Generdl Directions gwen by the Charity Commission and included a review of records kept and maintained by the PCC. It a150 included an examinatson (Jf sUppOn9 evldence for the Accounts. to confirm the figure5. Th15 proce55 15 not a fvll audit and therefore thls report does nrt express an Audrt opinion on these Accounts. Independent Examiners Qualification FMAAT Independent Examlnefs Statement l am pleased to report that there are no major matters of concern that have been identified during this review and con confim that the records have been kept In accordance with the 2011 Act. Therefore there are. in my opinion. no mattets whlch need to be addressed. however I must expre55 concem at the continued trading loss (£22kl.which is lower than the revious year1£30kl. I would therefore recommend continued action to reduce thi51055. With the aim. if possible. to achieve a financ al surplu& Follow up items Check the financial situation. This review has been assisted by the staff of HTC and I would just like to place on record my thanks for all their help throughout this Independent Examlnerfs Detalls Narne.. steve Marks. Marks Accounting Servlces Address: 10 Chesterfield Close Stone Name Signature el I w tyysl, f•LLA5LLKep ILpolt 09 RWYLL i)Oa¥ Date
ststement of Financial Activities Uweslricled 1¢estricd Totsl
JrY2ar Incomlng RoUrCeS Oonatkns & Legacles (thafftableAth¥llJes 217A63 3A78 19 217,463 5,508 19 194.387 3,310 2.030 Inve5tmeDts Tftding Activhjes other laK249 220 14.249 3.211 240.459 9.897 2,251 209.85f 235.428 5.031 Aesuwces Used Chorltat4EActWes 214,324 46J 260.724 2)9,031 Ra151no FuTrts Govemance Costs 1.930 1.930 IA97 Svppori Cther "olal resource5 usp.d Netlncomlng l(hrtgoln9112sour&es twotransfer$I Fund YrsTh¥fer5 Fund Trath Ckrt 216.254 46,399 1 41,36sry 142 262.B54 .22,M l42 24Q.528 -30.677 142 Net tncominy l(Xrtgtyry Resources (before galnsiiossesl InvesbxèniGains Ix Las1 NaIlbw1Thj iothgolny Resovrees (beforè Asset Re¥U8t10Trl 19.032 41,226 -22,194 -30.677 19,032 41.226 42,194 -30.671 Netlknement of Fut)ds 19,Q3RI 64,160 83.191 41,226 441.319 -22.194 505A79 -30.677 536,156 505,479 7•tal FufidsBrouglt Foror Totsl Fund5 Cairled Forward 4QD,093 483,285 Re[ented By Gernl lun1) Churth Bulkfr#J pri{A¢sl(l Nvw Churth ffveT5eès{ftes SpedalcoyecFWd IRestrictedl 83.191 03.191 392.307 64.160 431225 7J86 392307 7586 200 200 04
Statement of Financial Position Uftrestrfcted Restritted Tatal PriorYÈar CukYehtAsset5 64.553 11.SL8 8.879 73,442 11,666 50292 17J95 A(cnts Aecefvèt4e 150 Prepèymerts TOT 76.Dg1 9.029 85,110 67.681 Ntsrfurr¢ntAwets 9.038 392,307 401,346 441.601 Investsnents 9.038 392,307 401,346 441.601 Current Uabu A¢¢ountsP•y•WE D*rred Income 1,92B 1.243 3.171 3.809 Trtal 1,928 l.243 3.171 3,8Q9 NoniurrEnt tilbille% Tenn Loanl Mortgage Toial 'et CuirEnt A55ets 74.153 7.786 81.939 63.87E Reprsented By Generdl WHes) 83.191 83.191 .307 7,596 200 64,160 433329 7J86 1SQ4 392307 r4EwClwrchlhersea5 (Resttktedl Sla1 Cclkcdors Fund lRe5trfrtl Dltste5an Fet51Rethrtd) 20D
Notes- Accountlng Pollcies Basls of Preparatlon These financial statements have been prepared In accordance with the 'Statement of Recommended Practlce.. Accountlng and Re rtl b Charities ann es SORP"), wlth the Flnanclal Reportln Standard appllca Standard appllcable the VK and Republlc ublic of Ireland I'FRS 102,1 and wlth the Charitie5 Art 2011. The charity meets he definition of a public benefit entity a5 set out in RS 102. The Charities (Accounts and Reports) Re9ulatlon$ 2008 Ithe '2008 R ulation5'I require5 charities to pre accordance wlth 'Accountsng and Reportsng by Chanties: StateMentRecOMMended Practice effective are their accounts in m l April 2005, but thls accountlng standard has slnce been wlthdrawn and has been replaced b the Charities SORP mentioned in the preceding poragraph. The charity has ppared these llnancial statements in accordance with ¥he new Charities SORP: this departure from the 2008 Regulatlons Is belleved to be necessary for these flnanclal statements to glve a *rue and falr vlew. The princlples adopted In the preparation of the flnanclal statements are set out In the accountlng pollcles below. Going Concern The Trustees consider Holy Trinity Walton a going concern at the date for approvlng the accounts. There are no materfal uncertainties that the charity can contlnue as a golng COnM for the next year. Key Rlsks & Uncertainties The charlty Is ex regularty to Iden to various risks, including operational, financial and reputstional risks. The trustees review the charity's actlvltles ify significant risks and, where posslble, they take )pproprlate measures to mltlgate those rfsks. Fund Accountlng Unrestricted income funds comprtse those funds which the trustees are free to use for any purpose in furtherance of the tharitsble oblects. Unrestslrted fvnds Include desl9nated fund5 where the tfustees, at their discretion, have set aside resources for a specific purpose. Restrlrted funds are funds which are to be used In accordance wlth speclfic restdctlons Imposed by the donor orthe term of specific appeal. Any balance remainlng unspent at the end of the ar must be carried fornard as a balance ofthat fund. Further explanatlon of the nature and purpose of each fijnd is included In separately for each fvnd. e notes to the accounts. The trustees do not usually Invest Incomlng Resources All incoming resources are recognised once the charSty has entltlement to the resources. It Is probable that the resources wll be recelved. and the monetary value of incoming resources can be measured with sufficient reliability. All volunta Income from members of the charity are recognised as donations and are included in full. with a550ciated Gift Aid recelvabk7 n the Ststement of Financial Actfvltles. Grants where entitlement Is not condltlonal on the dellvery of speclfic perfomance by the Charlty are recognlsed when the charty becomes unconditionally entitled to the grant. Income resources from charltable tradlng actlvltles such as the letting of the building are accounted for when invoices are drawn up las at the polnt of entltlement). Donate(15ervices and facilities are included at the value to the chadty where thls can be quantlfied. Glfts in nd are accounted for at a reasonable estimate of their value to the charity orthe amount actually realised. Volunteer tlme, the value of voluntary support for the WO of the charlty. Is not Included In the accounts but ts descrlbed In the Trustees Annual Report. Investment Income 15 induded in the accounts when recelvable Resources Expended Expenditure Is recognised on an accnjal basis as a liabllity is IncurTed. Llabllltles are recognled where It Is more Ilkel than not that there is a le al or constructive obllgatlon commlttlng the chadty to pay out the resources and the amount of the obiygatlon can be measured ath reasonable certalnty. Govemance Costs Govemance costs Include costs a55rfiated with the independent examination of the financial statements. com constitutional and statutory requirements and any other expendlture Incurred on the strateglc management o costs are shown wlthln 'Analysls of Expendlture. note. lance with the charity. Governance Uabillty Recognltlon Llabllltles are recognlsed as soon as the is a legal or constructive obligation commFtting the charity to pay out resource5. Tangible Fixed Assets Consecrated and beneficed propety of any klnd Is excluded from the financial ststements by 5.10121{c} of the Charities Act 2011.
No value Is placed on movable church fumlshlngs held by churchwardens on speclal trust for the PCC. and whlch requlre a facu dis osal since the PCC considers thls to be Inallenable propety. All expendlture Incuffed durin%the year on consecrated or bene buKdings and movable church furnlshlngs, whether maintenance or Improvements. Is written o separately disclosed. as expenditure In the SOFA and Assets deemed to be material are capitali5ed. Depreciation is provided on tangible fixed assets at rates calculated to write off the cost of an asseL less its estimated residual value, over the experted usefvl economlc Ilfe of that asset as follows: for ce Bulldlng extenslon work- 25 years on stralght Ilne basls Musicèl and Technlcal Equlpment- 5 years on stralght Ilne basls Offlce and computer equipment- 3 years on straight line basls Furniture, fixtures and flttlngs- 10 years on stralght line basis Penslons The charlty operates a defined contsibution pension scheme. Contributions are ch?ryed to the ststement of Financial Activities as they become payable in accordance with the rules of the scheme. Operating Leases Rentsl charges payable under operatlng leases are charged on a strnight Ilne basls overthe temts of tlbe lease. Taxation The charity is exempt from tax on Its tharltable artlvltles. Judgements and Key Sources of Estimation The trustees do not consider that there are any materlal sources of estlmatlon or uncertalnty at ihe balance sheet date that could result In a materfal adlustment to the canying values of assets and liabilities in the next reporting period. In preparing flnancial statements certaln judgements. estimate5 and a55umptions have to be made thot affertthe amounts recognised In the financlal ststements. The trustee5 consider the following to be significant: • The annual depreclatlon charge fw propety, plant and equipment is sensitive to changes in the estlmates fvr useful economic Ilfe and residual value. These estimates are reassessed annually and, when necessary. adlusted to refiert current circumstances. The construrtlve obllgatlon for rdnts estlmate is rtrassessed annuaiPy and t ayable 15 based on an assessment of the likely duration of the supported activity. This e obllgatlon Is adjusted to refiect Cent expettatlons. Investments: Investrnents a valued at purchase price as the amount is not considered to be material. CuThent assets.. Amounts ownlng to the PCC at 31 December In respect of fees, nts or other Income are shown as debtors less provlslon for any amounts that may prove uncollectable. Short-term deposlt Include cash held on deposlt elther wlth CBF Church of England Funds or at the bank.
Notes - Analysis of Income & Expenditure Analysls of Income C4Jrrent Year Unrestricted Resiricted Total IncMlt¥J Aewurces Donations & Leoacies Eloftauot 173.886 173,888 Gfftd 35.825 7,750 35.825 7,75a Event Inc¢me 3.478 2,03Q 5.501 Investments Bank bntero 19 Trading Activities ental In¢offie 5.554 0.695 5554 8.695 Othr Other IniDrriÈ 2ZO 3.001 3221 POrYear Unre5trirte<6 Restricted Totsl tKorning Resources Donblions & Leg3cies 162.986 162.986 Gift Aid Grnftts 31.4CII 31.401 Cianrable Aiiiwiie5 Event Income 3.310 3.31Q Investments Ban* Intsr25t I rading Atlwities Aentsl Incorne 1.555 75fi 1041 7,856 uihEr Other In£DrrE 2251 2,251
Analysis of Expenditure Currentyear O¢Esfrfcr¢d Aestrfcted Totol AÈsDurces used 95,153 7.910 905 1.026 96.179 7.910 905 $47 Adrnin Bank Chorge5 Deprerlauon eventC05ts Grfts Given 547 2.923 3.971 .420 7.191 33.718 4B,585 39,922 764 42.U5 4736 14A66 8.942 35.608 48,586 OtherEyWwe Premlses 1,751 1,890 staflcosts Governante CDs15 Go¥ernanceCost 1.930 LJ30 ioryear Vnrestrirterl RestrKted Total RpsourcesV5ed 97.129 2.024 99.153 6.710 595 AdrniTr 6.710 595 389 389 Deprttsatton E¥entCosts L570 39.922 41.492 IA95 .731 4.971 23256 47,239 LOO9 GIfvsGlveTh OtherExwdtturE 13.731 4.971 20.341 47.239 2.915 Staff Costs Governance Cost5 GovemèncE Costs 1.497 1,497
Notes - Analysis of Net Assets Between Funds Current Year Unrestricted 76.081 9.03 1.928 Total urtEntA$5ets 9,029 392,3D7 1,243 85,110 4UI.346 3.171 NoTr£urrtnt A55ets Curyetyi UabdlriE5 Nofvcurrent Liabl]4e5 Total NetAssets (Assets Ninv5 kn4bilf(E51 83.191 400.093 483.?85 Prforyear Unrestrirted R£%tntte Total CyEFErt A8sets $6,597 9,372 3.809 9,Dg0 432,229 67,688 441.601 3.809 Cur¥Ent NJTrCuryent knabllrt Totsl Net A55et5 IAssets MINS LBb¥Mesl 64,160 441,319 SOS,479
Notes- Other Volunteers The charlty benefits greatly from the voluntary contrtbutlons of tlme and money. Please refer to the trustees, report forfurther detall about volunteer contnbutions In the organ15ation. Independent Examination Fees Fees payable to the independent examlner for independent examlnation were: £488 Ifee payable in the prior year: £4881. Staff Costs The total staff costs and employee beneffts for the reportln perfod are analy5ed as follows: Gross wa es and salarfes: £47 297 Employerfs Nl costs £nll, Employerf5 Pension costs £1.207. Employees Penslon costs £1.192). The avera Prior year: Gross wages and salarles: É45.885, Employees Nl costs £nil. the prior year was 61. No employees recei e number of ema0 ees durlng the salaries at a rate more than £60. ear was 5. rrhe average number of employees durlng O per annum. Key Managemert Personnel The key management personnel a Ilsted at the front of the accoun None of the key management personal are employee5 of the Trustee Remuneration During the year no tnjstees recelved remvneratlon Iprfor year.. no trustees recelved remuneratlon). The dergy recelved a stlpend but are not remunerated for their seNice on the PCC as a trustee. Trustee Expenses Durfn9 the year no trustees incurred oUt-pOCket expenses Iprtor year. no trustees Incurred outaof-po(ket expenses). All expenses were Incurred for the day-tfrday runnlng ofthe charlty's athvthes. Trnstee Donations During the year, the donations made to the charfty by the trustees were under the same conditions as donations made by member5 of Holy Trinity who are not tru5tee5. Tanglble Flxed Assets LOSI Prior lo lstlanuary 2024 Addltfjwa *lnahcial yEar Toial as at 31st Docémber 2024 2,316 21.009 1,590 23.599 939.826 9,918 9?310 2.590 975.660 2.316 939.826 9.918 .e£l01 Prlortg istl4rFtsary 2024 Additiofts mfinaTrcial year Totsla5 at 31st errthr2024 yet Book Value 1.128 S.2$2 523J54 37.821 561.175 1.735 1.9B4 3.718 53L469 41645 574.J14 1.808 A$4t3151 DEcemb A5 4f31stDecember2023 15.987 15,757 6200 8.184 401.Y6 441.601 1,1 416,472 Debtors tcounts Aecefvable Description AmDunt 8.152 3.516 11.668 Trade ljebto Prepayrnents
DesfriPtiDn Amount prepayrnts Totsl Creditors Accounts Payable tTrescription Amount Arcru* 1,236 Flnance Lease al]eS Tax & Social Seturfty Trnde credts 1.935 3,171 Totsl Deferred Intome Destription Amount OefeThed hco Total Analysls of Charitsble Funds Cuent Year Fund téame Opening BalorKe Income Expenditure FuDdTrdnsfers Cltssing Balance fjenernl likYe5thW TOTAL 64,160 64,160 64.160 235A28 235.428 235.428 216,254 216254 216.254 .142 83,191 83.191 83.191 -L42 -l42 Ilew Churth BU11 Project IRe5rncre 432.229 39,922 392J07 7.586 1.504 7586 200 sr1 Cdlecbons Fund IREStrirttdl oceshn Fees IHe#rfctedl TOTAL 4,005 5.451 +142 l.W26 1.026 46,399 46.399 441.319 5.031 +142 4VO.Q93 400.09.4 TOTAL Prforyear fxp•tsdtture FundTrattsfer5 Clt¢ing Boknnce dnrestnrt General IUTtrekntttdl TOTAL $4.196 206.055 206.055 195.181 195.183 195.181 .9D8 61.160 64,160 64.160 54.19S Re5tDrted Mew Church Bulldlrg fv4ert IRÈsth(tedl New Churth eO$ IResErittetyl 5pofièl CulleCtyS Fund IAEstncte41 rxocesan F2Es IR25triitpdl TOTAL 474,158 42.837 +908 432.229 7,S86 218 3,310 2,024 486 481.962 3,796 3.796 209A51 | 45.347 +908 441,J19 441,319 505A79 481.962 45.347 +908 53(150 1 2405301 Fund Transfers Donatipn by HQJYTntytO SpKialCollEcbw General Speual CdknlvJn5 Fund 142
Fund Descrlptions fvind réome Descfiption GenEral IUnr25tncted) Church Bullding Pr¢ReSttted1 New Churth Over5ea5 lftestnrtedi Special CoHt£tion5 Fufid (Aestrirtedl Dioc8san Fees IRestrbttedl Genefal Fund HT Ne O¢uKh 8uldlny Prvlett New Churth O¥eiws MDnEy collertedforonward Plnt Money collerttdforpayThent tp est Transactions to Related Parties There were no trnnsartions related partles durfng the accountlng perlod. Prlor Period Adjustment There were no prror year adjustments. Penslons The charlty operates a defined contribution pension scheme. Contributions are charyed to the statement of Financial Activities as they become payable In accordance wlth the Tule5 of the Kheme.
Independent Examinerfs Report To the Trustees of Walton Parochial Church Council. This report is regarding the Accounts for year ended 31 December 2024, as attached. Responsibility and basis of this report. The Parochial Church Council has agreed that an Independent Review is required in accordance with the Charities Act 2011 , section 145 & 152, for the above year. It is my responsibility to carry out this review in order to - a) confirm that the Accounts comply with the 2011 Act, b) ensure the procedures as laid down by the Act are followed, and c) report any matters which have come to my attention during this examination. Basis of Independent Examiners Report This review was in accordance with the General Directions given by the Charity Commission and included a review of records kept and maintained by the PCC. It also included an examination of supporting evidence for the Accounts, to confim the figures. This process is not a full audit and therefore this report does not express an Audit opinion on these Accounts. Examiners Ststement l am pleased to report that there are no major matters of concern that have been identified during this review and can confirm that the records have been kept in accordance with the 2011 Act. Therefore there are, in my opinion, no matters which need to be addressed, however I must express concern at the continued trading loss( £22k).which is lower than the previous year (£30k). I would therefore recornmend continued action to reduce this loss, with the aim, if possible, to achieve a financial surplus. Follow up items Check the financial situation. This review has been assisted by the staff of HTC and I would just like to place on record my thanks for all their help throughout this process. S. Marks, FMAAT 10 Chesterfield Close, Stone . 9 th April 2025 File Ref HTC Cert 2024