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2024-12-31-accounts

Princes Risborough with Ilmer Parochial Church Council

Trustees' Annual Report for the year ended 31 December 2024

The Parochial Church Council (PCC) presents its Annual Report for the year ended 31 December 2024

Reference and administrative information

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

The address of the Church Office is St Mary's Parish Office, Church Lane, Princes Risborough HP27 9AA

The Trustees, members of the PCC who have served at any time from 1st January 2024 until the date this report was approved, are:

Basis of appointment
The Revd David Williams, PCC Chairman Ex officio Until 11 January 2025
The Revd Sue Hughes Ex officio
The Revd Andrew Walmsley Ex officio
Tony Eccleston LLM Ex officio
Alex Rees LLM Ex officio From 2 November 2024
Averil Stephenson LLM Ex officio Until 4 December 2024
Neil Dyson, Churchwarden Elected
Heather Hardy, Churchwarden Elected
Roger Arthey, Assistant Churchwarden Elected
Peter Wynn, Assistant Churchwarden Elected
Louise Fell, PCC Secretary Elected
Chris McGough, Treasurer Elected
Claire Barbary Co-opted
Debby Cadwallader Deanery Synod representative
Carole Edwards Elected From 23 April 2024
John Hardy Deanery Synod representative
Lucy Horton Elected Until 23 April 2024
Tim Horton Elected From 23 April 2024
Helen Lidington Elected
Eleanor McGregor Elected
Simon Ruck Elected From 23 April 2024
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 co-opted 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 and foundation 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 Children's Worker Project Management group, the Technology Advisory group, the Stewardship Team, 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

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 money should only be kept in reserve for specific reasons – whilst the Bible clearly indicates that we should not hoard it is also clear that sensible planning for known events and responsibly for others (including employees) is important.

The Policy is to have two months running costs, not covered by designated reserves, in free reserves in case of a major problem (£46.7k). In addition to have a further two month’s staff salaries in free reserves (£8.7k). We wish to hold £11k in reserves to cover additional costs of major work items and maintenance expected in 2025. The monies identified above to be held in reserve equate to £66.4k. The church has identified the possibility of major ecumenical local mission activities possibly starting in 2025. A decision has been made to identify and ensure sufficient reserves are held in addition to the amounts discussed above once any such projects are scoped and costings become known. It is projected that St Mary’s, after incurring the children’s worker costs for 2025, will also hold further reserves of £78k, which are designated for mission priorities. This policy is to be reviewed at least 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 opportunities for corporate prayer, both in-person 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 has a long track record of giving 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. However, during 2023 and 2024 the PCC voted to reduce giving to 15%, to help reduce the high deficit we were running throughout much of each 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

As a town centre Church, we have been able to offer a wide range of services for our congregations and the people of this town, some of which we have been able to livestream so that people can join us online, and in addition to the regular services we have offered special services throughout the year for the wider community.

The PCC champions three mission priorities of: Discipleship, Mission, and Children Youth and Families, with a view that these would remain our focus areas for the coming years. 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. In addition to worship offered in the Church building, we have engaged actively with our three Missional Priorities: holding discipleship courses and encouraging personal discipleship, holding Sunday morning children’s work, activities and events for young families like Play Café and Messy Church, and our monthly Lunch Club for the elderly. We also support The Yurt and Maker & Fixer missional communities in and around Princes Risborough. In all these things we have sought to be true to our Mission Statement to ‘Share the Love of Christ with all’. 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.

Pastoral care has continued to be a major part of our ministry. The electoral roll has dropped by eight to 172. A legacy of £2,000 was gratefully received during the year. The PCC adopted a legacy policy during 2024 and this legacy (and previous ones) will be used in line with the new policy: to help fund significant development whether in mission, buildings, equipment or staff.

Financial review

The result for Princes Risborough with Ilmer PCC in the year has been an overall net surplus of £14,470 (St Mary's - £5,475, St Peter's - (£2,114), the Church Hall - £2,885, Unrealised Investment returns - £8,225).

Parish Share was 37% of total expenditure as shown in the P&L account for Princes Risborough with Ilmer PCC.

The PCC is projecting a deficit of £47,514 for the year to 31 December 2025, 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 10% of income, to seek to break even. Furthermore, major roof repair work is needed at St Peter's church which has not been included in the 2025 budget. There is an urgency to undertake this work, however, the PCC has decided work cannot commence until separate fundraising efforts have been fruitful. The current estimate for the work is ~£40k and the PCC has raised £16,074 towards this.

Approved by the PCC and signed on its behalf by

20 March 2025

2

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

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR 2024

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
2024
Year end adjustment
Balances on 31st
December 2024
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:
276,990
270,755
6235
6235
266,172
-
272,407
22,556
36,983
Unrestricted
Funds

224,514
9,435
233,066
20,485

-
707		 £
0
-
0
0
592
592
-
Restricted
Funds
-
0
-
-
-
-		 Endowment
Funds
£
12
-
12
8225
8237
360,133
-
-
368,369





12


 Total
2024
£
277,002
270,755
6247
8225
14471
626,897
1

641,367
9,435
36,983
22,556
224,514
20,497
707
-
233,066

-











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













3

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

CONSOLIDATED BALANCE SHEET AS AT 31ST DECEMBER 2024

----- Start of picture text -----
Note 2024 2023
£ £
Fixed and Investment Assets
Tangible fixed assets 4(a) 53,123 57,424
Investment assets 4(b) 368,369 360,133
Sub-total of fixed assets 421,492 417,556
Current Assets
Cash at bank or undeposited 10,410 35,113
Short term deposits 200,422 171,713
Tax recoverable 20,780 18,132
Debtors 0 50
Prepayment 7,973 6,350
Sub-total of current assets 239,585 231,358
Liabilities
Short term Creditors 5 (a) 19,710 22,017
Sub-total of liabilities 19,710 22,017
Net Assets 641,367 626,897
Funds 6
Unrestricted 272,406 266,172
Restricted 592 592
Endowment 368,369 360,133
Total 641,367 626,897
----- 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 2024

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 2024 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 2024.

5

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

NOTES TO THE FINANCIAL STATEMENTS FOR 2024

Note 2 - INCOMING RESOURCES

£
£
2(a)
From Donors
Planned Giving:
Gift Aided
125,929
Tax Recoverable
30,036
Non Gift Aided
35,804
Collections at services
5,558
Donations
25,187
Legacies
2,000
Sub-totals
224,514 -
2(b)
Donations for Restricted
Purposes
Grants
9,340
Fundraising
95
Sub-totals
9,435 -
2(c)
Fees
8,924
Church Hall Lettings etc
12,232
Chapter House Income
1,400
Sub-totals
22,556 -
2(d)
Rent, Interest & Dividends
20,485 -
276,990 -
Income from Charitable and Ancillary Trading
Other Voluntary Incoming Resources
TOTAL INCOMING RESOURCES
Unrestricted
Funds
Restricted
Funds
Income from Investments		 Endowment
Funds
£






-

-
-
12
12		 Total
2024
£
125,929
30,036
35,804
5,558
25,187
2,000
224,514
9,340
95
9,435
8,924
12,232
1,400
22,556
20,497
277,002





Total
2023
£
112,192
31,093
29,966
4,944
27,723
3,571
209,488
6,159
567
6,726
7,304
12,232
1,505
21,041
18,123
255,378



6

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

NOTES TO THE FINANCIAL STATEMENTS FOR 2024 (continued)

Note 3 - RESOURCES USED

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

(see list at note 7)
Overseas
13,660

Secular & Home Missions 19,874

Local Charities
2,916

For allocation in 2025 533

Sub-totals
36,983 - -
Ministry:
Parish share
99,901

Clergy expenses
6,648

Other Costs
50,907

Church running expenses
35,419

Church maintenance
8,251

Upkeep of churchyard
1,968

Young Church
2,029

Grants to church
organisations
-

Church Hall running costs
9,491

Major Works:
Repairs
18,452

Churchyard

Projects:
Development Project

Sub-totals
233,066 - -
Fundraising
- - -
Administration & Bank
Charges
707 - -
TOTAL RESOURCES USED
270,755 - -
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
2024
£
-
13,660
19,874
2,916
533
36,983
99,901
6,648
50,907
35,419
8,251
1,968
2,029
-
9,491
18,452
-
-
233,066
-
707
270,755

















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

7

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

NOTES TO THE FINANCIAL STATEMENTS FOR 2024 (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
 2024
£
39,588

-

974

40,563

1.4
1.4
974		 2023
£
59,469
-
2,417
61,886
2.1
2.1
2,417

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 (2024: £974, 2023: £2,417).

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 2023. The CWPF actuarial report as at 31 December 2023 shows an estimated funding position for the scheme of £13.1m. The surplus increased by £4.6m over the last year.

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 2024 was £30,291 (2023: £30,757).

Services amounting to £0 (2023: £1,760) 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 £4,555 (2023: £3,254).

Donations from the trustees totalled £47,401 during the year (2023: ££52,905).

8

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

NOTES TO THE FINANCIAL STATEMENTS FOR 2024 (continued)

Note

4
(a)
(b)		 Tangible Fixed assets:
Video System
Projector
Church Hall & Land
Field at Ilmer
Investments:
1. Raper Charity
2. Shares
General Purpose Trust (permanent)
General Church Fund (expendable)
Clifford Road Trust (expendable)
Churchyard Fund (expendable)
Churchyard Trust (permanent)
Church Estate Charity (permanent)
Fixed assets for use by PCC		 Sub-total
Sub-total
Number of
Shares
2,770
691
2,156
540
588
9,151
15,896		 2024
£
0
1,323
50,000
1,800
53,123
2024
£
811
811
Original Cost
£
8,000
5,465
5,429
1,904
2,947
12,740
36,485		 Value at end Value at end 2023
£
2,978
2,645
50,000
1,800
57,424
2023
£
799
799
Value at end		 2023
£
2,978
2,645
50,000
1,800
57,424
2023
£
799
799
Value at end
2024
£
64,050
15,978
49,853
12,486
13,596
211,596
367,558		 2023
£
62,617
15,620
48,737
12,207
13,292
206,861
359,334

5 Liabilities

2024 £ 19,710 19,710

6 Analysis of Net Assets by Fund

Fixed assets
Current Assets		 Unrestricted
Fund
£
53,123
219,283
272,406		 Restricted
Fund
£
592
592		 Endowment
Fund
£
368,369
368,369		 Total
£
421,492
219,875
641,367

9

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

NOTES TO THE FINANCIAL STATEMENTS FOR 2024 (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
St Paul's Castlewellan
less Provision from 2023, allocated in 2024
Home & Secular
The Children's Society
A Rocha UK
One Can Trust
the Children's Society
The Princes Risborough Centre
Mercy Ships
less Provision from 2023, allocated in 2024
Sub-Total
Other Giving-St Mary's
Lighthouse
Longwick leavers' Bibles
World Food Programme
St Mary's Hardship Fund
Mercy Ships
To be allocated in 2025
Sub-Total
Total Outward Giving		 £
£
5,464
2,732
5,464
0
13,660
5,464
2,732
2,732
2,732
2,732
2,732
0
19,124
32,784
2,000
416
500
500
250
533
4,199
36,983

10

ST MARY'S PCC

Income and Expenditure for the year ended 31st December 2024

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
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
Major Works
Depreciation
TOTAL EXPENSES
NET INCOME/DEFICIT		 Unrestricted
General
£
125,929
30,036
35,804
4,255
20,869
-
-
9,340
95
7,202
160
9,330
9,541
1,400
253,961
-
3,666
98,236
4,637
6,290
25,182
2,011
-
13,825
7,402
3,748
2,280
18,556
878
5,945
147
560
949
2,029
16,453
4,300
217,095
36,866
 Unrestricted
Restricted
Designated
£
£
3,895
3,895
-
33,317
1,968
35,285
-
31,390
-
-		 Total
2024
£
125,929
30,036
35,804
4,255
20,869
3,895
-
9,340
95
7,202
160
9,330
9,541
1,400
257,856
-
33,317
3,666
98,236
4,637
6,290
25,182
2,011
-
13,825
7,402
3,748
2,280
18,556
878
1,968
5,945
147
560
949
2,029
16,453
4,300
252,381
5,475		 - 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
-

11

ST MARY'S PCC Balance Sheet as at 31st December 2024

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
£
104,521
104,521		 Designated
£
25,000
52,487
77,487		 £
£
1,323
50,000
288,132
79,426
418,881
20,780
7,973
0
173,557
202,310
19,710
19,710
182,600
601,482
587,782
8,225
5,475
601,482
Restricted
Total
£
£
592
592
25,000
52,487
104,521
592
182,600

12

ST MARY'S PCC Notes to the PCC Balance Sheet as at 31st December 2024

Note FIXED ASSETS
A Equipment & Depreciation Dishwasher: Accumulated depreciation -2,229
Dishwasher 2,229
Total Dishwasher 0
Video System: Accumulated depreciation -14,890
Video System 14,890
Total Video System 0
Projector: Accumulated depreciation -5,291
Projector 6,614
Total Projector 1,323
B Church Hall & Land Church Hall 50,000
C CBF Investment Funds General Church Fund (Expendable): Revaluation of asset 358
General Church Fund (Exp) - Other 15,620
Total General Church Fund (Expendable) 15,978
Church Estate Charity (Permanent): Revaluation of asset 4,735
Church Estate Charity (Perm) - Other 206,861
Total Church Estate Charity (Permanent) 211,596
Churchyard Permanent Fund (Permanent): Revaluation of asset 280
Churchyard Permanent Fund (Perm) - Other 12,207
Total Churchyard Permanent Fund (Permanent) 12,486
Churchyard Trust (Expendable): Revaluation of asset 304
Churchyard Trust (Perm) - Other 13,292
Total Churchyard Trust (Expendable) 13,596
Clifford Road Trust (Expendable): Revaluation of asset 1,116
Clifford Road Trust (Exp) - Other 48,737
Total Clifford Road Trust (Expendable) 49,853
General Purposes Trust (Permanent): Revaluation of asset 1,433
General Purposes Trust (Perm) - Other 62,617
Total General Purposes Trust (Permanent) 64,050
Total CBF Investment Funds 367,558
TOTAL FIXED ASSETS 418,881
CURRENT ASSETS
D Other Current Assets Income Tax due on Gift Aid 20,780
E Total Other Current Assets Prepayments 7,973 28,753
F Accounts Receivable 0
G Current/Savings accounts Natwest Current A/c 6,358
Giving Bank A/c 120
CBF General Deposit 163,819
Chapter House Catering Bank A/c 1,193
Total Current/Savings CAF Bank 2,068 173,557
TOTAL CURRENT ASSETS 202,310
CURRENT LIABILITIES Accounts Payable 3,196
H Accounts Payable Unearned income (designated children's ministry donations) 12,522
Accrual for Gas charges 0
Accrual for Electricity charges -2,882
Accrual for Charitable Giving 1,421
Accrual for Fees 1,171
Accrual for Collection 2,580
Accrual for Care for Creation grant 250
Accrual for Outreach 410
Accrual for Major Works 1,042
TOTAL CURRENT LIABIITIES 19,710
NET CURRENT ASSETS
182,600
NET ASSETS
601,482

13

ST PETER'S ILMER

Income & Expenditure for the year ended 31st December 2024

Unrestricted
Endowment
Funds
Funds
£
£
INCOME
Collections
1,304

Donations
248

Legacies
2,000

Grants

Fees
1,722

Rent
60

Roof appeal
31

Interest (Income Reinvestment)
1,393 12
TOTAL INCOME
6,758
12
EXPENSES
Parish Share
1,665

Heat & Light
1,118

Insurance
1,636

Maintenance
2,306

Charities
-

Services
160

Major Works
1,999

TOTAL EXPENSES
8,884
-
NET MOVEMENT
-
FIXED ASSETS
:
Tangible:
Investment:
CURRENT ASSETS
:
Current Assets designated as
General
Designated
£
£
Legacy funds (designated for mission)
2,000
Net Movement in 2024
Raper Charity
Current Account
On Deposit
Field at Ilmer		 2024
Total
£
1,304

248

2,000

-

1,722

60

31

1,405

6,770
.
1,665

1,118

1,636

2,306

-

160

1,999

8,884
-2,114
2024
£
1,800
811
300
25,451
28,362
-2,114
Restricted
£		 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
30,476
-1,253
Total
£
2,000		 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
30,476
-1,253
Total
£
2,000
2,000

14

ST MARY'S CHURCH HALL

Income & Expenditure for the year ended 31st December 2024

StagePlus
Refurbishment
CURRENT ASSETS
:
Preschool
INCOME
Gas
Chiltern Art
Weekday Lettings
Weekend Lettings
Other
TOTAL INCOME
Deposit Interest
EXPENSES
Electricity
Assets b/f at 1 Jan 2024
Balance c/f at 31 Dec 2024
Water
Cleaner
Insurance
Maintenance & Repairs
Sundries
Equipment
TOTAL EXPENSES
NET MOVEMENT
Cash at bank
On Deposit





2024
Total
4,560
-
2,589
3,872
1,211
144
-
12,376
834
1,265
670
2,038
1,243
2,064
977
-
400
9,491
2,885
8,639
11,524
2024
372
11,152
11,524





2023
Total
7,190
-
4,381
2,255
848
82
25
14,781



















999
1,144
848
2,092
1,213
1,371
7,671
-
218
15,556




-
775
9,414
8,639
2023
2,631
6,008
9,414

The water drainage problem has been solved. There have been no major works in 2024, which cushions the loss of income from the ending of Pre-School in the summer. This closure of Pre-School may significantly impact income in 2025.

15

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