## **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: - Select suitable accounting policies and then apply them consistently - Make judgements and estimates that are reasonable and prudent - Follow applicable accounting standards and statements of recommended practice, subject to any material departures disclosed and explained in the financial statements - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will remain in operation. **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 - **3(f)** Transactions with members of the PCC and other related parties 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_| |---|---|---|---| - **(b)** _**Investments:**_ 1. Raper Charity 2. Shares |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** - **(a)** _**Short Term Creditors**_ 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