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2022-12-31-accounts

Princes Risborough with Ilmer Parochial Church Council

Trustees' Annual Report for the year ended 31 December 2022

The Parochial Church Council (PCC) presents its Annual Report for the year ended 31 December 2022

Reference and administrative information

The PCC is a Registered Charity. Its Charity Registration Number is 1133923.

The address of the Church Office is The Chapter House, c/o The New Rectory, Church Lane, Princes Risborough HP27 9AW

The Trustees, members of the PCC who have served at any time from 1st January 2022 until the date this report was approved, are:

Basis of appointment
The Revd David Williams, PCC Chairman Ex officio
The Revd Sue Hughes Ex officio from 2 July 2022
The Revd Michael Hunt Ex officio until 1 March 2022
The Revd Pat Kerr Ex officio until 16 October 2022
Tony Eccleston LLM Ex officio
Averil Stephenson LLM Ex officio
Neil Dyson, Churchwarden Elected
Heather Hardy, Churchwarden Elected from 26 April 2022
Roger Arthey, Assistant Churchwarden Elected
Peter Wynn, Assistant Churchwarden Elected
Louise Fell, PCC Secretary Elected
Jane Dyson, Treasurer Elected
Claire Barbary Co-opted from 26 April 2022
Debby Cadwallader Deanery Synod representative
John Hardy Deanery Synod representative
Lucy Horton Elected
Jenni Kerr Elected until 16 October 2022
Tony Kerwood Elected until 26 April 2022
Helen Lidington Elected from 26 April 2022
David Lillycrop Deanery Synod representative until 29 June 2022
Bridget McGinley Co-opted from 26 April 2022
Chris McGough Elected from 26 April 2022
Eleanor McGregor Elected from 26 April 2022
David Stephenson Elected
Kathryn Trout Elected

Principal advisers: Bankers: CAF Bank, West Malling, Kent, TSB Aylesbury & NatWest Thame Independent Examiner: Steve Marks, Marks Accounting Services, 10 Chesterfield Close, Stone, Aylesbury, Bucks.

Structure, governance and management

The PCC has been formed under the Parochial Church Council (Powers) Measure 1956. The PCC is a Registered Charity.

The appointment of PCC members is governed by and set out in the Church Representation Rules. PCC members are recruited in a number of ways. The clergy, churchwardens and the treasurer are members by virtue of their office. Deanery Synod representatives are elected by the Annual Parochial Church Meeting (APCM) and hold office for three years. Other members of the PCC are elected annually at the APCM, for a three-year term of office. Additional members are coopted for specific skills they possess.

New PCC members are provided with induction training, and PCC members are provided with training as necessary to enable them to carry out their role effectively. All PCC members complete safeguarding training at basic level, or at a higher level if needed by their role in the church.

The PCC makes all decisions corporately except that the Standing Committee has delegated powers to make decisions between PCC meetings subject to keeping the PCC informed as fully as necessary.

The PCC is responsible for all parish finance, its management and control, including the appointment of a treasurer. Members of the PCC are responsible for keeping accounting records, which disclose with reasonable accuracy the financial position of the PCC and which enable them to ascertain the financial position of the PCC and which enable them to ensure that the financial statements comply with the Church Accounting Regulations 2006, the Charities Act 2011 and the Statement of Recommended Practice on Accounting and Reporting by Charities SORP (FRS102). The PCC is also responsible for safeguarding their assets and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The PCC is also required to ensure that the financial statements are examined by an independent examiner or auditor prior to presentation to the Annual Parochial Church Meeting.

In preparing the financial statements, the PCC is required to:

1

There are the following committees and groups:

Standing Committee - This committee consists of the Rector, the Churchwardens, the Assistant Churchwardens, the PCC Secretary, and the Treasurer. It has power to transact the business of the PCC between PCC meetings, reporting to the full PCC as appropriate. It also oversees financial matters: considering and recommending to the PCC the budget for the coming year and monitoring expenditure against that budget.

Groups reporting to the PCC include the Strategy group, the Children's Worker Project Management group, the Technology Advisory group, the Pastoral Care group, and the Church Hall Committee.

The Church is part of the Aylesbury Deanery, which is part of the Diocese of Oxford.

Risks and reserves

The PCC has reviewed all the risks faced by the Church and has put in place measures aimed at managing those risks. The PCC has examined the charity’s requirements for reserves in the light of the main risks to the organisation. These risks include the costs of maintaining a medieval building which can suffer from sudden deterioration that is expensive to remedy. The PCC has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be a minimum of four months of expenditure.

Budgeted expenditure for St Mary's for 2023 is £224,911 and therefore the target is £74,970 in general funds. The reserves are needed to meet the working capital requirements of the charity and the PCC is confident that it would be able to continue the current activities of the charity in the event of a significant drop in funding. As at 31 December 2021 the free reserves for St Mary's, which exclude those invested in fixed assets and those in restricted and designated funds, amount to £68,061 plus the expendable endowments of £58,823 which could be realised without excessive delay if the need arose and the PCC considers this a satisfactory position. The PCC reviews the reserves policy annually.

Objectives and activities

The objectives of the PCC are defined by the Parochial Church Council (Powers) Measure 1956 as 'to co-operate with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical'.

As a Church family and as individuals, Princes Risborough Parish Church aims to offer worship worthy of the living God. We aim to be an open, welcoming, prayerful, Bible-centred, Spirit-filled church that is for all ages and led by God: where lives are changed and people go out committed to being active disciples for Jesus. Our vision is: "Sharing the love of Christ with all".

The PCC has reviewed priorities and put in place a series of courses to encourage us in our discipleship, together with opportunties for corporate prayer, both inperson and online. A trained prayer ministry team is ready to respond to those seeking prayer. Life Groups (small groups where members share an interest, meet regularly and pray for each other) have continued during the year.

The Church aims to give 20% of its budgeted income each year to other organisations involved in mission in the UK and overseas or involved in humanitarian relief and development work. Members of the Congregation are invited each summer to propose charities to receive awards. Submissions are collated and put to the PCC, which votes on which charities it wishes to support in the following year.

The church relies on the voluntary work of so many people within the church, and the PCC very much appreciates their service to the church and our local community.

Achievements and performance

We have offered regular traditional Anglican as well as contemporary worship, and services in a range of styles to mark major festivals. Following the removal of COVID restrictions, a smaller range of services have been live-streamed online. Civic services and special services for community uniformed groups have resumed.

Discipleship courses have also restarted, as well as an autumn Alpha course, and weekly Sunday morning children's work. We have continued services and activities to reconnect with church members, both adults and children, and to offer family-friendly ways to connect with St Mary's for the first time. Play Café, a free Tuesday morning activity for pre-school children and carers, started in February. There were regular Messy Church and Reconnect events throughout the year. Pastoral care has continued to be a major part of our ministry. The electoral roll has stayed constant at 180. Our Vision 2020 continues with our five mission priorities of Discipleship, Prayer, Children and Youth, Seniors, and New Residents. Underpinning our life at St Mary's and St Peter's is our shared set of core values based on God's Grace: Going deeper with God, Reflecting Jesus, Alive to what God is doing, Changing Lives, and Empowered by the Spirit.

Two legacies totalling £15,000 were gratefully received during the year. The PCC's policy for the use of legacies will be developed further during 2023. We have continued to support the food bank run by One Can Trust based in High Wycombe. One Can has a Princes Risborough hub, supported by St Mary's and others, which serves about 10-20 families in Risborough. A one-year interim Children's Ministry Project finished in September 2022. This had funded a part-time paid post of children's worker, supporting children and families at St Mary's and in our community and local schools. Planning has started for a longer-term project in 2023-24. Children's ministry projects are supported by designated pledges from the congregation.

Financial review

The result for St Mary's PCC in the year has been an overall net surplus of £8,459. Parish Share was 43% of total expenditure as shown in the P&L account for St Mary's PCC. The PCC is projecting a deficit of £45,461 for the year to 31 December 2023, and has underwritten this from free reserves, on the basis that it will encourage mitigating measures, including raising giving and temporarily reducing charitable giving to 15% of income, to seek to break even.

Approved by the PCC and signed on its behalf by

March 2023

2

THE PCC OF ST MARY’S PRINCES RISBOROUGH WITH ST PETER’S ILMER

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR 2022

Incoming Resources
Note
Incoming resources from generated
Total Incoming Resources
Resources Used
Total Resources Used
Net Resources
Incoming/outgoing
Revaluation of investment
assets
4 (b)
Movement in Funds
Balances on 1stJanuary
2022
Year end adjustment
Balances on 31st
December 2022
Charitable & ancillary
trading
2(c)
From investments
From donors
Other voluntary income
2(b)
2(a)
Church Activities
3(b)
Grants
3(a)
2(d)
Fundraising
Administration
3(c)
3(d)		 £
funds:
250,221
225,560
24661
24661
249,543
-
274,204
21,917
28,431
Unrestricted
Funds

206,830
10,176
196,305
11,298

-
824		 £
0
-
0
0
592
592
-
Restricted
Funds
-
0
-
-
-
-		 Endowment
Funds
£
1
-
1
-43821
-43820
373,045
-
-
329,225





1


 Total
2022
£
250,222
225,560
24662
-43821
-19159
623,179
1

604,019
10,176
28,431
21,917
206,830
11,299
824
-
196,305





-








 Total
2021
£
285,392
216,474
68,918
47,187
116,105
507,075
1
623,179
256,885
4,425
27,213
13,557
10,525
1,285
-
187,976













3

THE PCC OF ST MARY’S PRINCES RISBOROUGH WITH ST PETER’S ILMER

CONSOLIDATED BALANCE SHEET AS AT 31ST DECEMBER 2022

----- Start of picture text -----
Note 2022 2021
£ £
Fixed and Investment Assets
Tangible fixed assets 4(a) 62,170 66,917
Investment assets 4(b) 329,225 373,045
Sub-total of fixed assets 391,395 439,962
Current Assets
Cash at bank or undeposited 22,237 14,068
Short term deposits 202,658 183,422
Tax recoverable 18,204 20,780
Debtors 842 0
Prepayment 7,352 6,719
Sub-total of current assets 251,293 224,989
Liabilities
Short term Creditors 5 (a) 38,669 41,772
Sub-total of liabilities 38,669 41,772
Net Assets 604,019 623,179
Funds 6
Unrestricted 274,202 249,542
Restricted 592 592
Endowment 329,225 373,045
Total 604,019 623,179
----- End of picture text -----

The notes on the following pages form part of these accounts

4

THE PCC OF ST MARY’S PRINCES RISBOROUGH WITH ST PETER’S ILMER

NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 DECEMBER 2022

Note 1

A Basis of preparation
The financial statements have been prepared in accordance with the Church Accounting Regulations 2006, the Charities Act 2011,
applicable accounting standards and the Statement of Recommended Practice on Accounting and Reporting by Charities SORP
(FRS102).
The accounts are drawn up under the historical cost convention as modified by the inclusion of investment assets at market value.
The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. These accounts 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 total income has exceeded £100,000 in 2022 and the main PCC accounts have been prepared on the accruals basis, in line with
best practice.
B Accounting policies
Funds
Unrestricted funds are general funds available for the general objectives of the Church.
Designated funds are unrestricted funds that have been set aside by the PCC for particular purposes.
Restricted funds can only be used for the purposes for which they have been given, within the objectives of the Church.The cost of
raising and administering such funds are charged against those specific funds.
Endowment funds are restricted funds which must be held permanently and the capital maintained while the income is restricted, or
which are only accessible after giving notice to third parties and complying with conditions to access the capital.
Incoming resources
All incoming resources are included in the SOFA when the Church becomes legally entitled to the income and when the amount can
be quantified with reasonable certainty.
Collections are recognised when received by or on behalf of the PCC. Planned giving is recognised only when received. Grants and
legacies are recognised as soon as the PCC becomes aware of its legal entitlement and the amount due is quantifiable with
reasonable certainty.
Income tax recoverable on gift aid donations is accounted for when the gift is received, not when the tax refund is received.
When incoming resources have related expenditure (as with fundraising income) the incoming resources and the related resources
expended are accounted for gross in the SOFA.
Gifts in kind are accounted for at a reasonable estimate of their value to the Church or the amount actually realised. Gifts in kind for
use by the Church are included in the SOFA as incoming resources when receivable.
Rental income from letting the Church Hall is accounted for when it falls due.
Dividends and interest are accounted for when received and include any recoverable tax.
Realised gains on assets held for the Church's own use are accounted for at the time of sale.
Resources expended
Expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for goods or
services.
All costs have been directly attributed to the various categories within the SOFA.
Any general support costs have been allocated across activity cost categories on a basis consistent with the use of resources based
on an allocation of actual costs.
As the Church is not registered for VAT, all expenditure is shown inclusive of VAT where applicable
Governance costs include the cost of the preparation of the annual accounts, the cost of PCC meetings and the legal cost of advice
on governance or constitutional matters.
Grants and charitable giving are accounted for when paid over or when awarded.
Parish Share is accounted for when paid except that any Parish Share unpaid at the end of the financial year is provided for in the
accounts as a constructive obligation.

Fixed assets

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 for the PCC and which require a faculty for their disposal since the PCC considers this to be inalienable property.

Items of equipment where the purchase price exceeds £1,000, for a single item or a group of similar items, are capitalised in the year of purchase.

Depreciation is provided on all tangible fixed assets, except for the Church Hall, at rates calculated to write off the cost evenly over the expected useful economic life of the assets at rates between 20% and 33⅓% of cost per annum. No depreciation is provided on the Church Hall as any charge would not be material due to the long expected useful economic life and because its expected residual value is not materially less than its carrying value.

Current Assets

Investments are valued at market value on 31st December 2022.

5

THE PCC OF ST MARY’S PRINCES RISBOROUGH WITH ST PETER’S ILMER

NOTES TO THE FINANCIAL STATEMENTS FOR 2022

Note 2 - INCOMING RESOURCES

£
£
2(a)
From Donors
Planned Giving:
Gift Aided
119,828
Tax Recoverable
30,984
Non Gift Aided
13,434
Collections at services
1,687
Donations
25,897
Legacies
15,000
PR Food Cupboard
-
Sub-totals
206,830 -
2(b)
Donations for Restricted
Purposes
Grants
9,716
Fundraising
115
Floodlighting
345
Sub-totals
10,176 -
2(c)
Fees
9,858
Viewpoint
0
Church Hall Lettings etc
11,389
Chapter House Income
670
Sub-totals
21,917 -
2(d)
Rent, Interest & Dividends
11,298 -
250,221 -
Income from Charitable and Ancillary Trading
Other Voluntary Incoming Resources
TOTAL INCOMING RESOURCES
Unrestricted
Funds
Restricted
Funds
Income from Investments		 Endowment
Funds
£







-

-
-
1
1		 Total
2022
£
119,828
30,984
13,434
1,687
25,897
15,000
-
206,830
9,716
115
345
10,176
9,858
0
11,389
670
21,917
11,299
250,222





Total
2021
£
115,844
30,578
13,486
1,116
12,359
69,286
14,216
256,885
3,955
100
370
4,425
5,947
-23
7,633
0
13,557
10,525
285,392


6

THE PCC OF ST MARY’S PRINCES RISBOROUGH WITH ST PETER’S ILMER

NOTES TO THE FINANCIAL STATEMENTS FOR 2022 (continued)

Note 3 - RESOURCES USED

3(a)
3(b)
3(c)
3(d)		 Endowment
Funds
£
£
£
Grants
-

(see list at note 7)
Overseas
15,394

Secular & Home Missions 10,995

Local Charities
2,042

For allocation in 2023 -

Sub-totals
28,431 - -
Ministry:
Parish share
91,449

Clergy expenses
4,258

Other Costs
36,260

Church running expenses
32,204

Church maintenance
9,967

Upkeep of churchyard
1,424

Young Church
11,560

Grants to church
organisations
-

PR Food Cupboard
-

Church Hall running costs
8,070

Major Works:
Repairs
1,113

Churchyard

Projects:
Development Project

Sub-totals
196,305 - -
Fundraising
- - -
Administration & Bank
Charges
824 - -
TOTAL RESOURCES USED
225,560 - -
An amount of £400 has been paid for the annual independent examination.
Activities directly related to the work of the church
Unrestricted
Funds
Restricted
Funds		 Total
2022
£
-
15,394
10,995
2,042
-
28,431
91,449
4,258
36,260
32,204
9,967
1,424
11,560
-
-
8,070
1,113
-
-
196,305
-
824
225,560

















Total
2021
£
-
18,005
7,006
-
2,202
27,213
91,980
3,722
23,864
25,619
6,704
1071
5,834
-
14,216
6,391
8,575
-
-
187,976
-
1,285
216,474

7

THE PCC OF ST MARY’S PRINCES RISBOROUGH WITH ST PETER’S ILMER

NOTES TO THE FINANCIAL STATEMENTS FOR 2022 (continued)

Note 3 - RESOURCES USED

3(e) Paid Employees
Staff costs
Gross wages, salaries and benefits in kind

Employer's National Insurance costs

Pension costs

Total staff costs

Average number of full time equivalent employees in the year
Charitable activites
Total
Defined contribution pension scheme
Costs of the scheme to the charity for the year		 2022
£
34,786

108

1,538

36,432

1.4
1.4
1,538		 2021
£
26,301
114
1,014
27,429
1.1
1.1
1,014

Princes Risborough with Ilmer PCC participates in the Pension Builder Scheme section of the Church Workers Pension Fund for lay staff. The Scheme is administered by the Church of England Pensions Board, which holds the assets of the schemes separately from those of the Employer and the other participating employers. The PCC currently has two active members of the scheme. The PCC contributes 5% of pensionable salary as an employer's pension contribution, plus 0.5% for life insurance.

The Pension Builder Scheme of the Church Workers Pension Fund is made up of two sections, Pension Builder Classic and Pension Builder 2014, both of which are classed as defined benefit schemes. Princes Risborough with Ilmer PCC participates in the Pension Builder 2014 section, a cash balance scheme that provides a lump sum that members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. This account may have bonuses added by the Board before retirement. The bonuses depend on investment experience and other factors. There is no requirement for the Board to grant any bonuses. The account, plus any bonuses, is payable from members' Normal Pensionable Age.

There is no sub-division of assets between employers in each section of the Pension Builder Scheme. The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS102. This is because it is not possible to attribute the Pension Builder Scheme's assets and liabilities to specific employers and that contributions are accounted for as if the scheme were a defined contribution scheme. The pension costs charged to the SoFA in the year are contributions payable (2022: £1,538, 2021: £1,014).

A valuation of the scheme is carried out once every three years. The most recent scheme valuation completed was carried out as at 31 December 2019. The valuation revealed a surplus of £5.5m on the ongoing assumptions used. The CWPF actuarial report as at 31 December 2021 shows an estimated funding position for the scheme of £12.8m. The next full valuation, at 31 December 2022, will be available in early 2024.

The legal structure of the scheme is such that if another employer fails, Princes Risborough with Ilmer PCC could become responsible for paying a share of that employer’s pension liabilities

None of the trustees have been paid any remuneration, or received any other benefits, in their role as trustees.

The following PCC members are or were also PCC employees: Kathryn Trout (Parish Administrator), Jenni Kerr (Children's and Families' Worker), and Revd Sue Hughes (Director of Discipleship and Mission). Total remuneration including pension contributions in 2022 was £25,359 (2021: £19,733). Services amounting to £317 (2021: £240) were purchased from Peter Wynn (elected trustee). Three of the trustees have been reimbursed for expenses for travel, home office costs and parish hospitality, totalling £2,899 (2021: £2,753).

Donations from the trustees totalled £43,010 during the year (2021: £49,820).

8

THE PCC OF ST MARY’S PRINCES RISBOROUGH WITH ST PETER’S ILMER

NOTES TO THE FINANCIAL STATEMENTS FOR 2022 (continued)

Note

4
(a)
(b)		 Tangible Fixed assets:
Dishwasher
Video System
Projector
Church Hall & Land
Field at Ilmer
Sub-total
Investments:
1. Raper Charity
Sub-total
Fixed assets for use by PCC		 2022
£
446
5,956
3,968
50,000
1,800
62,170
2022
£
792
792		 2021
£
892
8,934
5,291
50,000
1,800
66,917
2021
£
791
791
General Purpose Trust (permanent)
General Church Fund (expendable)
Clifford Road Trust (expendable)
Churchyard Fund (permanent)
Churchyard Trust (permanent)
Church Estate Charity (permanent)		 Number of
Shares
2,770
691
2,156
540
588
9,151
15,896		 Original Cost
£
8,000
5,465
5,429
1,904
2,947
12,740
36,485		 Value at end Value at end Value at end Value at end
2022
£
57,232
14,277
44,546
11,157
12,149
189,072
328,433		 2021
£
64,868
16,182
50,489
12,646
13,770
214,299
372,254

5 Liabilities

2022 £ 38,669 38,669

6 Analysis of Net Assets by Fund


Fixed assets
Current Assets		 Unrestricted
Fund
£
62,170
212,032
274,202		 Restricted
Fund
£
592
592		 Endowment
Fund
£
329,225
329,225		 Total
£
391,395
212,624
604,019

9

THE PCC OF ST MARY’S PRINCES RISBOROUGH WITH ST PETER’S ILMER

NOTES TO THE FINANCIAL STATEMENTS FOR 2022 (continued)

Note 7 - CHARITABLE GIVING

(a)
(b)		 St Mary's PCC Resolution
15% of Income
Allocated to
Overseas
Christian Aid
Church Mission Society (Nicci Maxwell)
Hamlin Fistula
Project Possible (formerly ROPE)		 £
£
4,766
4,765
2,382
4,765
-1,284
15,394
2,382
2,383
2,383
2,383
2,382
-918
10,995
26,389
1,500
416
126
0
2,042
28,431
less Provision from 2021, allocated in 2022
Home & Secular
A Rocha
London City Mission
Novo UK
The Children's Society
The Princes Risborough Centre
less Provision from 2021, allocated in 2022
Sub-Total
Other Giving-St Mary's
Lighthouse
Longwick leavers' Bibles
Rector and Churchwardens' Fund
To be allocated in 2023
Sub-Total
Total Outward Giving

10

ST MARY'S PCC

Income and Expenditure for the year ended 31st December 2022

INCOME
Gift Aid Giving
Tax Recoverable
Non Gift Aid Giving
Church Collections
Donations
Donations - designated purposes
Legacies
Grants received
Fund Raising
Fees
Bank Interest
CBF Interest
CBF Dividends
Chapter House income
PR Food Cupboard income
Floodlights
TOTAL INCOME
EXPENSES
Viewpoint
PCC Giving by Resolution
Donations to Charity
Parish Share
Rector & Rectory Expenses
Church Office Expenses
General
Wages
Curate Expenses & Training
Assistant clergy
Heat, Light & Water
Insurance
Upkeep of Services
Choir & Music Expenses
Outreach
Discipleship
Churchyard Expenditure
Minor Maintenance
Bank Charges
Administration
Communication
Children's and Youth Ministry
PR Food Cupboard expenses
Major Works
Depreciation
TOTAL EXPENSES
NET INCOME/DEFICIT		 Unrestricted
General
£
119,828
30,984
13,434
1,687
4,499
-
10,000
8,511
115
8,186
39
1,376
9,555
670
-
345
209,229
-
2,042
89,931
2,699
4,225
20,814
1,559
-
11,666
6,335
2,740
2,758
11,142
79
8,355
186
638
1,043
11,560
-
1,113
4,746
183,631
25,598
 Unrestricted
Restricted
Designated
£
£
10,674
10,674
-
26,389
1,424
27,813
-
17,139
-
-		 Total
2022
£
119,828
30,984
13,434
1,687
4,499
10,674
10,000
8,511
115
8,186
39
1,376
9,555
670
-
345
219,903
-
26,389
2,042
89,931
2,699
4,225
20,814
1,559
-
11,666
6,335
2,740
2,758
11,142
79
1,424
8,355
186
638
1,043
11,560
-
1,113
4,746
211,444
8,459		 Total
2021
£
115,844
30,578
13,486
662
6,163
4,586
69,286
3,955
100
5,364
23
419
9,138
-
14,216
370
274,190
23
24,710
2,503
90,451
2,254
3,442
17,032
1,468
-
6,477
5,963
2,807
2,972
2,064
1,326
1,071
6,239
199
1,086
256
5,834
14,216
7,075
4,747
204,215
69,975
-

11

ST MARY'S PCC Balance Sheet as at 31st December 2022

FIXED ASSETS
Equipment & Depreciation
Church Hall & Land
CBF Investment Funds - Permanent
CBF Investment Funds - Expendable
TOTAL FIXED ASSETS
CURRENT ASSETS
Income Tax due on Gift Aid
Prepayments
Accounts receivable
Current/savings accounts
TOTAL CURRENT ASSETS
CURRENT LIABILITIES
Accounts Payable
TOTAL CURRENT LIABIITIES
NET CURRENT ASSETS
NET ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
EQUITY
Opening Balance Equity
Change in value of Equity
Surplus for the year
TOTAL EQUITY
Current Assets designated as
Sacred Garden Fund
Children's ministry
Legacy funds (designated for mission priorities)
General (unrestricted and non-designated) monies
Totals		 Note
A
B
C
C
D
E
F
G
H
General
£
66,981
66,981		 Designated
£
27,215
79,286
106,501		 £
£
10370
50000
269610
58823
388803
18204
7352
842
186345
212743
38669
38669
174074
562877
598,239
-43,821
8,459
562,877
Restricted
Total
£
£
592
592
27,215
79,286
66,981
592
174,074

12

ST MARY'S PCC Notes to the PCC Balance Sheet as at 31st December 2022

----- Start of picture text -----
||||| |---|---|---|---| |Note|FIXED ASSETS| |A|Equipment & Depreciation|Dishwasher: Accumulated depreciation|-1,783| |Dishwasher|2,229| |Total Dishwasher|446| |Video System: Accumulated depreciation|-8,934| |Video System|14,890| |Total Video System|5,956| |Projector: Accumulated depreciation|-2,646| |Projector|6,614| |Total Projector|3,968| |B|Church Hall & Land|Church Hall|50,000| |C|CBF Investment Funds|General Church Fund (Expendable): Revaluation of asset|-1,905| |General Church Fund (Exp) - Other|16,182| |Total General Church Fund (Expendable)|14,277| |Church Estate Charity (Permanent): Revaluation of asset|-25,227| |Church Estate Charity (Perm) - Other|214,299| |Total Church Estate Charity (Permanent)|189,072| |Churchyard Permanent Fund (Permanent): Revaluation of asset|-1,489| |Churchyard Permanent Fund (Perm) - Other|12,646| |Total Churchyard Permanent Fund (Permanent)|11,157| |Churchyard Trust (Permanent): Revaluation of asset|-1,621| |Churchyard Trust (Perm) - Other|13,770| |Total Churchyard Trust (Permanent)|12,149| |Clifford Road Trust (Expendable): Revaluation of asset|-5,943| |Clifford Road Trust (Exp) - Other|50,489| |Total Clifford Road Trust (Expendable)|44,546| |General Purposes Trust (Permanent): Revaluation of asset|-7,636| |General Purposes Trust (Perm) - Other|64,868| |Total General Purposes Trust (Permanent)|57,232| |Total CBF Investment Funds|328,433| |TOTAL FIXED ASSETS|388,803| |CURRENT ASSETS| |D|Other Current Assets|Income Tax due on Gift Aid|18,204| |E|Prepayments|7,352| |Total Other Current Assets|25,556| |F|Accounts Receivable|842| |G|Current/Savings accounts|Natwest Current A/c|1,795| |Giving Bank A/c|120| |CBF General Deposit|179,022| |Chapter House Catering Bank A/c|1,193| |CAF Bank|4,215| |Total Current/Savings|186,345| |TOTAL CURRENT ASSETS|212,743| |CURRENT LIABILITIES| |H|Accounts Payable|Accounts Payable|6,155| |Unearned income (designated children's ministry donations)|27,215| |Accrual for Gas charges|0| |Accrual for Electricity charges|-858| |Accrual for Charitable Giving|2,463| |Accrual for Fees|1,689| |Accrual for Clergy Expenses|187| |Accrual for Care for Creation grant|250| |Accrual for Young Church|526| |Accrual for Major Works|1,042| |TOTAL CURRENT LIABIITIES|38,669| |NET CURRENT ASSETS|174,074| |NET ASSETS|562,877|

----- End of picture text -----

13

ST PETER'S ILMER

Income & Expenditure for the year ended 31st December 2022

Unrestricted
Endowment
Funds
Funds
£
£
INCOME
Collections
-

Donations
840

Legacies
5,000

Grants
1,205

Fees
1,672

Rent
60

Roof appeal
9,858

Interest
192 1
TOTAL INCOME
18,827
1
EXPENSES
Parish Share
1,518

Heat & Light
915

Insurance
1,611

Maintenance
1,612

Charities
-

Services
390

Major Works
-

TOTAL EXPENSES
6,046
-
NET MOVEMENT
-
FIXED ASSETS
:
Tangible:
Investment:
CURRENT ASSETS
:
Field at Ilmer
Raper Charity
Current Account
On Deposit
Net Movement in 2022		 2022
Total
£
-

840

5,000

1,205

1,672

60

9,858

193

18,828
.
1,518

915

1,611

1,612

-

390

-

6,046
12,782
2022
£
1,800
792
14,326
14,810
31,728
12,782		 2021
Total
£
454
1,531
-
-
583
60
78
11
2,717
.
1,529
899
1,498
465
-
-
1,500
5,891
-3,174
2021
£
1,800
791
1,737
14,618
18,946		 2021
Total
£
454
1,531
-
-
583
60
78
11
2,717
.
1,529
899
1,498
465
-
-
1,500
5,891
-3,174
2021
£
1,800
791
1,737
14,618
18,946

14

ST MARY'S CHURCH HALL

Income & Expenditure for the year ended 31st December 2022

----- Start of picture text -----
2022 2021
Total Total
INCOME
Playgroup 5,455 5,470
Chiltern Art 350 415
Weekday Lettings 4,736 1,248
Weekend Lettings 848 500
Deposit Interest 26 1
Other 75 873
TOTAL INCOME 11,490 8,507
EXPENSES
Electricity 677 781
Gas 849 973
Water 366 221
Cleaner 2,193 2,744
Insurance 1,479 1,376
Maintenance & Repairs 1,472 270
Refurbishment 962 -
Sundries 72 26
Equipment - -
TOTAL EXPENSES 8,070 6,391
NET MOVEMENT 3,420 2,116
Assets b/f at 1 Jan 2022 5,994 3,878
Balance c/f at 31 Dec 2022 9,414 5,994
2022 2021
CURRENT ASSETS:
Cash at bank 588 3,529
On Deposit 8,826 2,465
9,414 5,994
----- End of picture text -----

Letting income increased, above pre-pandemic level of 2019. The boiler repair accounted for over 40% of the maintenance cost. However, with only minor refurbishment work, the Hall did well financially.

15

INOEPENDENT EXAMINER'S REPORT TO THE PCC OF ST MARY'S PRINCES RISBOROUGH I report on the accounts for the year ended 3111 December 2022. wh￿h are set out on pages 3 10 10 Re8pecli¥g rospon¥bbilitle• of tru$¢ees and ex•mlner The charity's trusteès arè respornsible for the preparation of the accounts The charity's trustees consider that an audit is not required for this year under 5eclion 144121 of the Charib'es Ad 2011 lthe 201 l Act) and that an independent examination is nèedèd. It is rny responsibility to.. examine the accounts under section 145 of the Charities Act 2011 follow the procedures laid down in the general Directions given by the Chafity Commission under section 145151 of the 2011 Ac¢ State whether part￿Ular matters have come to my attention Basls of Ind•p•nd•nt •xamln•r's rèport My examina¢ion was carried out in accordance wrth the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept tiy the char1ty and a companson of the accounts presenled with those r￿OrdS It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanalions from you a5 trustees concernin9 any such matters. The procedures unLlertaken do not provide all the evidence thai would ￿ required in an audit. and conseqLtently 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 next state￿nI. Ind•p•nd•nt èxamin•r'8 ¥tatement In connection with my examination. no matter has come to my attention. which gives me reasonable cause lo 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 to comply with the accounting requiremènts of thè 2011 Act have not been mèt or 2. to which. in my opinK)n, attenbon should bè drawn in ordef to enable a proper understansjing of the accounts to be reachecl. Mr S Marks FMAAT Marks Accounting Services 10 Chesterfield Closè Stone Aylesbury Buckinghamshire Date.. 16