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2023-12-31-accounts

Princes Risborough with Ilmer Parochial Church Council

Trustees' Annual Report for the year ended 31 December 2023

The Parochial Church Council (PCC) presents its Annual Report for the year ended 31 December 2023

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 2023 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
The Revd Andrew Walmsley Ex officio From 20 July 2023
Tony Eccleston LLM Ex officio
Averil Stephenson LLM Ex officio
Neil Dyson, Churchwarden Elected
Heather Hardy, Churchwarden Elected
Roger Arthey, Assistant Churchwarden Elected
Peter Wynn, Assistant Churchwarden Elected
Louise Fell, PCC Secretary Elected
Jane Dyson, Treasurer Elected Until 24 April 2023
Claire Barbary Co-opted
Debby Cadwallader Deanery Synod representative
John Hardy Deanery Synod representative
Lucy Horton Elected
Helen Lidington Elected
Bridget McGinley Co-opted Until 14 September 2023
Chris McGough, Treasurer Elected
Eleanor McGregor Elected
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:

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 Support Group, the Children's Worker Project Management group, the Technology Advisory group, the Pastoral Care group, the Small Finance Team, Project Launchpad and the Church Hall Committee. The Church is part of the Aylesbury Deanery, which is part of the Diocese of Oxford.

1

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

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR 2023

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
2023
Balances on 31st
December 2023
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:
261,854
269,877
-8,023
-8,023
274,195
266,172
22,790
26,628
Unrestricted
Funds

214,838
6,726
242,401
17,500

-
848		 £
0
-
0
0
592
592
-
Restricted
Funds
-
0
-
-
-
-		 Endowment
Funds
£
-
-
0
30,901
30,901
329,232
360,133





-


 Total
2023
£
261,854
269,877
-8,023
30,901
22,878
604,019
626,897
6,726
26,628
22,790
214,838
17,500
848
-
242,401


-
-









 Total
2022
£
250,222
225,560
24,662
43,821
19,159
623,178
604,019
206,830
10,176
28,431
21,917
11,299
824
-
196,305











3

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

CONSOLIDATED BALANCE SHEET AS AT 31ST DECEMBER 2023

----- Start of picture text -----
Note 2023 2022
£ £
Fixed and Investment Assets
Tangible fixed assets 4(a) 57,424 62,170
Investment assets 4(b) 360,133 329,225
Sub-total of fixed assets 417,556 391,395
Current Assets
Cash at bank or undeposited 35,113 22,237
Short term deposits 171,713 202,658
Tax recoverable 18,132 18,204
Debtors 50 842
Prepayment 6,350 7,352
Sub-total of current assets 231,358 251,293
Liabilities
Short term Creditors 5 (a) 22,017 38,669
Sub-total of liabilities 22,017 38,669
Net Assets 626,897 604,019
Funds 6
Unrestricted 266,172 274,202
Restricted 592 592
Endowment 360,133 329,225
Total 626,897 604,019
----- 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 2023

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 2023 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 2023.

5

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

NOTES TO THE FINANCIAL STATEMENTS FOR 2023

Note 2 - INCOMING RESOURCES

£
£
2(a)
From Donors
Planned Giving:
Gift Aided
112,192
Tax Recoverable
31,093
Non Gift Aided
29,966
Collections at services
5,708
Donations
34,309
Legacies
1,571
PR Food Cupboard
-
Sub-totals
214,838 -
2(b)
Donations for Restricted
Purposes
Grants
6,159
Fundraising
567
Floodlighting
0
Sub-totals
6,726 -
2(c)
Fees
6,611
Viewpoint
0
Church Hall Lettings etc
14,674
Chapter House Income
1,505
Sub-totals
22,790 -
2(d)
Rent, Interest & Dividends
17,500 -
261,854 -
Income from Charitable and Ancillary Trading
Other Voluntary Incoming Resources
TOTAL INCOMING RESOURCES
Unrestricted
Funds
Restricted
Funds
Income from Investments		 Endowment
Funds
£







-

-
-
0		 Total
2023
£
112,192
31,093
29,966
5,708
34,309
1,571
-
214,838
6,159
567
0
6,726
6,611
0
14,674
1,505
22,790
17,500
261,854





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


6

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

NOTES TO THE FINANCIAL STATEMENTS FOR 2023 (continued)

Note 3 - RESOURCES USED

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

(see list at note 7)
Overseas
10,169

Secular & Home Missions 13,299

Local Charities
3,160

For allocation in 2024 -

Sub-totals
26,628 - -
Ministry:
Parish share
93,949

Clergy expenses
3,671

Other Costs
46,380

Church running expenses
35,177

Church maintenance
13,674

Upkeep of churchyard
1,219

Young Church
21,474

Church Hall running costs
15,556

Major Works:
Repairs
11,301

Sub-totals
242,401 - -
Fundraising
- - -
Administration & Bank
Charges
848 - -
TOTAL RESOURCES USED
269,877 - -
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
2023
£
-
10,169
13,299
3,160
-
26,628
93,949
3,671
46,380
35,177
13,674
1,219
21,474
15,556
11,301
242,401
-
848
269,877













Total
2022
£
-
15,394
10,995
2,042
-
28,431
91,449
4,258
36,260
32,204
9,967
1424
11,560
8,070
1,113
196,305
-
824
225,560

7

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

NOTES TO THE FINANCIAL STATEMENTS FOR 2023 (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 activities
Total
Defined contribution pension scheme
Costs of the scheme to the charity for the year
 2023
£
59,469

-

2,417

61,886

2.1
2.1
2,417		 2022
£
34,786
108
1,538
36,432
1.4
1.4
1,538

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 (2023: £2417, 2022: £1,538).

According to our pension provider, at 31 December 2022, the pension fund we use, PB14, held sufficient assets to cover member’s accrued pools (a £2m surplus). In addition, there was a surplus on both the security valuation (which makes no allowance for future bonuses being granted) and on the funding valuation.

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), Revd. Sue Hughes (Director of Discipleship and Mission). Total remuneration including pension contributions in 2023 was £30,757 (2022: £25,359).

Services amounting to £1,760 (2022: £317) were purchased from Peter Wynn (elected trustee).

Four of the trustees have been reimbursed for expenses for travel, home office costs and parish hospitality, totalling £3,254 (2022: £2,899).

Donations from the trustees totalled £52,905 during the year (2022: £43,010).

8

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

NOTES TO THE FINANCIAL STATEMENTS FOR 2023 (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		 2023
£
0
2,978
2,645
50,000
1,800
57,424
2023
£
799
799		 2022
£
446
5,956
3,968
50,000
1,800
62,170
2022
£
792
792
General Purpose Trust (permanent)
General Church Fund (expendable)
Clifford Road Trust (expendable)
Churchyard Fund (permanent)
Churchyard Trust (expendable)
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
2023
£
62,617
15,620
48,737
12,207
13,292
206,861
359,334		 2022
£
57,232
14,277
44,546
11,157
12,149
189,072
328,433

5 Liabilities

2023 £ 22,017 22,017

6 Analysis of Net Assets by Fund


Fixed assets
Current Assets		 Unrestricted
Fund
£
57,424
208,749
266,172		 Restricted
Fund
£
592
592		 Endowment
Fund
£
360,133
360,133		 Total
£
417,556
209,341
626,897

9

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

NOTES TO THE FINANCIAL STATEMENTS FOR 2023 (continued)

Note 7 - CHARITABLE GIVING

(a)
(b)		 St Mary's PCC Resolution
15% of Income
Allocated to
Overseas
Church Mission Society (Nicci Maxwell)
Hamlin Fistula
Project Possible (formerly ROPE)
less Provision from 2022, allocated in 2023
Home & Secular
The Children's Society
London City Mission
Lee Abbey
Bible Reading Fellowship
The Princes Risborough Centre
less Provision from 2022, allocated in 2023
Sub-Total
Other Giving-St Mary's
Lighthouse
Longwick leavers' Gospel
DEC Disaster Appeal
St Mary's Hardship Fund
To be allocated in 2024
Sub-Total
Total Outward Giving		 £
£
3,911
2,347
3,911
0
10,169
3,911
2,347
2,347
2,347
2,347
0
13,299
23,468
2,000
160
500
500
0
3,160
26,628

10

ST MARY'S PCC

Income and Expenditure for the year ended 31st December 2023

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
£
112,192
31,093
29,966
3,578
7,529
-
1,571
6,159
567
5,774
100
7,166
9,395
1,505
-
-
216,594
-
3,160
92,389
3,606
4,707
23,120
65
850
14,028
6,968
2,598
2,874
18,179
373
13,396
149
699
348
21,474
-
4,192
4,746
217,920
1,326

 Unrestricted
Restricted
Designated
£
£
20,019
20,019
-
23,468
1,219
24,687
-
4,668
-
-
-		 Total
2023
£
112,192
31,093
29,966
3,578
7,529
20,019
1,571
6,159
567
5,774
100
7,166
9,395
1,505
-
-
236,613
-
23,468
3,160
92,389
3,606
4,707
23,120
65
850
14,028
6,968
2,598
2,874
18,179
373
1,219
13,396
149
699
348
21,474
-
4,192
4,746
242,608
5,995
 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
-

11

ST MARY'S PCC Balance Sheet as at 31st December 2023

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 (designated)
Legacy funds (designated for mission priorities)
General (unrestricted and non-designated) monies
Totals		 Note
A
B
C
C
D
E
F
G
H
General
£
89,998
89,998		 Designated
£
25,000
57,235
82,235		 £
£
5,624
50,000
281,685
77,649
414,957
18,132
6,350
50
170,311
194,842
22,017
22,017
172,825
587,782
562,877
30,900
-5,995
587,782
Restricted
Total
£
£
592
592
25,000
57,235
89,998
592
172,825

Note: Total Churchyard Trust policy became Expendable during 2023.

12

ST MARY'S PCC Notes to the PCC Balance Sheet as at 31st December 2023

Note FIXED ASSETS
A Equipment & Depreciation Dishwasher: Accumulated depreciation -2,229
Dishwasher 2,229
Total Dishwasher 0
Video System: Accumulated depreciation -11,912
Video System 14,890
Total Video System 2,978
Projector: Accumulated depreciation -3,969
Projector 6,614
Total Projector 2,645
B Church Hall & Land Church Hall 50,000
C CBF Investment Funds General Church Fund (Expendable): Revaluation of asset 1,343
General Church Fund (Exp) - Other 14,277
Total General Church Fund (Expendable) 15,620
Church Estate Charity (Permanent): Revaluation of asset 17,789
Church Estate Charity (Perm) - Other 189,072
Total Church Estate Charity (Permanent) 206,861
Churchyard Permanent Fund (Permanent): Revaluation of asset 1,050
Churchyard Permanent Fund (Perm) - Other 11,157
Total Churchyard Permanent Fund (Permanent) 12,207
Churchyard Trust (Expendable): Revaluation of asset 1,143
Churchyard Trust (Perm) - Other 12,149
Total Churchyard Trust (Expendable) 13,292
Clifford Road Trust (Expendable): Revaluation of asset 4,191
Clifford Road Trust (Exp) - Other 44,546
Total Clifford Road Trust (Expendable) 48,737
General Purposes Trust (Permanent): Revaluation of asset 5,385
General Purposes Trust (Perm) - Other 57,232
Total General Purposes Trust (Permanent) 62,617
Total CBF Investment Funds 359,334
TOTAL FIXED ASSETS 414,957
CURRENT ASSETS
D Other Current Assets Income Tax due on Gift Aid 18,132
E Total Other Current Assets Prepayments 6,350 24,481
F Accounts Receivable 50
G Current/Savings accounts Natwest Current A/c 11,167
Giving Bank A/c 120
CBF General Deposit 138,147
Chapter House Catering Bank A/c 1,193
Total Current/Savings CAF Bank 19,683 170,311
TOTAL CURRENT ASSETS 194,842
CURRENT LIABILITIES
H Accounts Payable Accounts Payable 7,965
Unearned income (designated children's ministry donations) 11,623
Accrual for Gas charges 0
Accrual for Electricity charges -1,204
Accrual for Charitable Giving 438
Accrual for Fees 1,377
Accrual for Clergy Expenses 0
Accrual for Care for Creation grant 250
Accrual for Outreach 526
Accrual for Major Works 1,042
TOTAL CURRENT LIABIITIES 22,017
NET CURRENT ASSETS 172,825
NET ASSETS 587,782

13

ST PETER'S ILMER

Income & Expenditure for the year ended 31st December 2023

Unrestricted
Endowment
Funds
Funds
£
£
INCOME
Collections
2,130

Donations
494

Legacies
-

Grants
-

Fees
837

Rent
60

Roof appeal
6,185

Interest
754

TOTAL INCOME
10,460
-
EXPENSES
Parish Share
1,560

Heat & Light
1,114

Insurance
1,592

Maintenance
278

Charities
-

Services
60

Major Works
7,109

TOTAL EXPENSES
11,713
-
NET MOVEMENT
-
FIXED ASSETS
:
Tangible:
Investment:
CURRENT ASSETS
:
Field at Ilmer
Raper Charity
Current Account
On Deposit
Net Movement in 2023		 2023
Total
£
2,130

494

-

-

837

60

6,185

754

10,460
.
1,560

1,114

1,592

278

-

60

7,109

11,713
-1,253
2023
£
1,800
799
319
27,558
30,475.67
-1,253		 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
793
14,326
14,810
31,728.43
12,782

14

ST MARY'S CHURCH HALL

Income & Expenditure for the year ended 31st December 2023

----- Start of picture text -----
2023 2022
Total Total
INCOME
Preschool 7,190 5,455
Chiltern Art - 350
StagePlus 4,381 -
Weekday Lettings 2,255 4,736
Weekend Lettings 848 848
Deposit Interest 82 26
Other 25 75
TOTAL INCOME 14,781 11,490
EXPENSES
Electricity 999 677
Gas 1,144 849
Water 848 366
Cleaner 2,092 2,193
Insurance 1,213 1,479
Maintenance & Repairs 1,371 1,472
Refurbishment 7,671 962
Sundries - -
Equipment 218 72
TOTAL EXPENSES 15,556 8,070
NET MOVEMENT - 775 3,420
Assets b/f at 1 Jan 2023 9,414 5,994
Balance c/f at 31 Dec 2023 8,639 9,414
2023 2022
CURRENT ASSETS:
Cash at bank 2,631 588
On Deposit 6,008 8,826
8,639 9,414
----- End of picture text -----

Letting income increased, well above pre-pandemic level of 2019. Although there was a small net annual loss overall, a sum of £6,390 was spent to re-surface the car park, an important job, which can be regarded as a many-years investment. Taking that into account, the Hall did very well financially in 2023. The high water charges are being investigated.

15

Inde ndent Examlnets R TO THE TRUSTEES. OF ST MARYS PRINCES RI PAROCHIAL CHURCH COUNCIL. BOROUGH WITH ILMER I report on the a￿o￿ntS for year ended 31 De￿mber 2023 which are Set out on pages 3 to 15 of the Annual Report. Respectlve responslbllllles of Trustees and Examiner. The ChaTttYs Trustees are responsible for the preparation of the accounts. The Trustees consider that an Audit is not requitEd for this year, but corisider that an Independent examination is needed. It is my re8ponsibility to'.- Examine the accounts in 8ccordan* with ChaTtties Act and cxjmply with their procedures. RekX)rt any particular matters which have come to my attention. Basls of Independent Examlnatlon. My examination vms carried out in accordance with directions issued by the Charity Commission and incudes a review of the arxounting records. This procedure does not provide all the evidence that would be required in a full audit and consequently no opinion 1$ given regarding a true and fair view Examlnerfs StatemenL In connection wth my examination, there are no matters which need to be reported upon and there are no matters in my opinion which need to be rsised to enable the understanding of these accounts . Mr S Marks FMAAT. 10 Chesteffield Close. Stone Aylesbury. Bucks. Dated ￿ April 2024. File Ref Princes R Cert 2023 16