**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: * 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 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** - **(a)** _**Short Term Creditors**_ 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** I w)ort on year ended 31" 2024 wlxh w• 98t out on 3 1<1 15 CA th• Anrw•l R•wL all Ihe ffiry(Je￿e bo r•qund In a full a￿j41 and con•oqwnlly (v￿1￿ I S. Mork• F￿￿T. Dat•d 1* P•4rch 2026. Fkn Prfnc69 R Cort 24 16