**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: * 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. 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_| |---|---|---|---| - **(b)** _**Investments:**_ 1. Raper Charity 2. Shares |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** - **(a)** _**Short Term Creditors**_ 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