CharSty Registration No. 1137069 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURCHETTS GREEN IN DIOCESE OF OXFORD (St. Mary the Virgin - Hurley. St James the Less - Stubbings & St. John the Evangelist - Littlewick Green) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURCHErrs GREEN IN DIOCESE OF OXFORD LEGAL AND ADMINISTRATIVE INFORMATION Incumbent Revd Tcm Elherton Current trust••s Ro¥lind 8ontley Revd Tina MoSynaux Jane Smith Richard Moor88 Jènny Robinson Tom Dobinson Fiona Fieldhouse Joleen Newton Tim Bowlèr Maria Quantrill Acting tr•asurer Paul Fagan Charrty nrnr 1137069 Principal address Burchetls Green Parish Office The Soliau Cèntrè, St James the Less Chur¢h Henley Road. Stubbir MAIDENHEAD SL6 6QW Ind•yndent examlner Cralrfurd Hale Audil Services Limited CIO C18ufurd Hale Group Ground Floor. Aren8 Court Crown Lan8 MAIDENHEAD SL6 8QZ Bankers Lloyds TSB 45 High Stre81 MAIDENHEAD SL6 1JS
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURCHErrs GREEN IN DIOCESE OF OXFORD CONTENTS Page Trustees port Indep8ndenl examingrfs report Statemenl of financial acti11$ Balance sheet Notes lo the finana81 s181emenls
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURCHETTS GREEN IN DIOCESE OF OXFORD TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Parochial Church Council IPCCI pr8sgnts its annual report and financial statements for th8 year ended 31 DecErnber 2023. The financial statements have been prepared in accordance wtth the Church (Aeeounts and Reports) Regul8llons 2008. the Charities Act 2011. and Ihe Statement ol Recommended Practice by Charilies SORP IFRS1021, as well as The PCC (Powers) Measure 1956, Tha ChLJrch R&presentalion Rubs, and Ihe Church Aeetrunting Regulations Objtetives and activities The objectives ol the PCC are defined by the Parothial Church Council (Powers) Measure 1956 as 'lo co-operate with th8 minister in pronM)ting In (he parish the whole mission of Ihe Church, pastoral. evangèlistic, social and ecurnenical. The PCC is committed to enabling as many people as possible lo worship at our churches and lo become part of the Parish ¢ommunty. The PCC regularly revlews the worship Ihroughout Ihe Parish and considers hw SeCeS can invofve the many group5 that liv8 Wlthin tha Parish. When planning our activities for the year, the incumbent and the PCC have c£JnsideTed the Charity Commission'8 guidance on public benelit and, in particular. the specifie guidance on charities lor the advan¢em¢nt of religion. We try lo en310 (xdinary p8opl& to live oul their faith as part of our Parish communty through.. the provision of regular Publ worship Ihal is open lo all., the provision of sacred space f(Y personal prayer a1 (xTrntempLgtion.' the provision of pastoral work including the visiling of the Sick, the elderly and the bereaved., teaching the Christian farf(h through sermons. informal groups. childr8n's meetings and links Ioc81 schools., the promotion of the Christian faith through various events for the eldedy. parents and toddlers and other special needs groups organlsed by the PCC and through the distribution of the Parish mag8zlng and through the website.. the supporl of other charities involved in Chrfstian outreach and development. The PCC continued thair worf( from the wor year Èt looklng in datail at its pattern of worship sèrvleès wth a view lo making Changes aimed at growing congregations and improving accessibility for farnilies with childr8n. For further details of our adiviligs during the year please consult the APCM Reptsrt booklel which can be rt)tained from the Parish Office.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURCHETTS GREEN IN DIOCESE OF OXFORD TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 FlnancSal revlew The fesuK lor the year has been an overall nel incoming ol resources of £4,60412022' n8t outgoing resour¢es of £49,935) before revaluats'on of investments. There was a surplus of £13,922 on Ihe general fund. 12022.. defifyl £50,162}, and a d&ficAt on the reslricle(I funds of £6,82912022.. defi¢il £3,735). We have seen our voluntary income increase this year by 19.9% 10 £77,868 12022.. £64,955) largely helpad by a kind one off donation of £I0,(K)O and also the wntinu8d increase in the card r88d8r donations. The Trustees are also grat8ful for tha grants provided by Hurfey Church Estates and for thèir continued support to help reduca the Parish burden for m8inlaining St Mary's. The Truste98 8ffj continuing to take action with exisling givers to increase regular giving aligned to the currenl cost of living, and to enctsurage a change to Just Giving,. and ways to give have been rngde more visible on P8ri3h nob'ce boards. The Trustees intend to extend this Giving initiativg during 2024 to the wider community. from Church activities, excluding the insurance claim of £25,092. has increasgd by 30% mainly due to an increase in income from wedding$ and funefals. We are hopeful thi5 wll ¢onlinue to Incrèase in the following year. I1luded wthin church aCtlties, as detailed in note 3, is an Insumnce claim of £25.092 received for the works undertaken at the Sottau Centre due to thè damage lo the Kitchen and Ttsilat area. Thé largest Sndividual cost continued to be the Church running costs which tolalled £51,108, a decrease of 9.9% comparèd to the prior year. Stgps conlinue lo bè taken by Ihe Trustees tts redu ihese costs, for example, smart readers being installed in all churches 8nd a move to LED lighting to hélp reduce the electricity eosts. The Parish Sh8r8 was also a signifKant cost whSch lolalled £43.171 12022.. £73,843). A decision wa5 rn8d8 by the Truslees, supported and confirmed by the Deanery, rK)I to pay the lull amounl lor Ihe year ended 31 Dècèmber 2Q23 10 ensure that the Parish had sufficlent funds lo pay thair costs as and when they fell due. This has proved lo be a sensible decision a$ if we had paid the full amount, our unrestricted reserves woukj be in defial. As a result of this decisitsn, the Un$1Cted reserves. at 31 December 2023. are rW In a surplus p05ititsn of £11.413 compared lo a deficit P05ilion in the prior year of £2,509. We are thankful lo the petsple that have supported otjr Parish through Ih8ir gengrosity dufing such difficult limes. Despite eenCe that innatlon rates are decreasing, we continue to take a cautious view. The PCC continue to lake steps lo he mitigate this impact and they continue lo closely monitor the cashflow posit)n of the Parlsh. We are very grateful for the support of the people within our Parish who ar& vitally important lo tha seMce5 we offer to the oomnwnity.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURCHETTS GREEN IN DIOCESE OF OXFORD TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Structure. governance and managtrmgnt The PCC is a Corat8 body established by the chUh of England Ils governing doeLJmenls are the Parochial Church Council (Power51 Mèasure 1956 as amended and the Church Representation Rules 2006. 11 18 a charity registered with the Charrty Cemmlssion under register number 1137069. The parish Is part of Ihe Wind50r and Maidenhead Deanery, which is wrthin the Diocese of Oxford of thè Church of England. The Parish office addre85 is Burchetts Gen Parish Office. Thg Soltau Centre, Sl Jarn8S th* Lèss Church, Henley Road, Slubbings, Maidenhead, Bèrks SL6 6QW. The lolli)WiTVJ persons have served as m8mbars Itwst8gsI of Ihe PCC during the yoar and up lo the d8te this feport was approved. unlèss olherwse stated.. In¢umbgnt Assistsnl Curale Lay Chairperson Revd Tom Etherton # Revd Tina Molyneux {C0pled memrI Jane Smlth Churchwarden Churchwarden Churchwaid8n Churchwarden Jane Srnrth # Richard mo0$ # Jenny Robinson Tim 8owler # Hurfey Littlewick Green Littlewck Green Stubbings Deanery Synod Represenlalive Tom tlobinson Ek8cted rnember Elected member Elected rn8mber Elaeted member Fiona Fièldhouse Joleen Newton Rosalind Benlley Maria Quanlrlll S8fegu8rding offic8r Jane Holme3 ActiThJ treasurer Paul Fagan
Identifies currenl mem1 ol the finance commillee. Vanessa Evans and Sue Wilkins also form part of the Finance
Committee. PCC members are iecruiled in a nufflber of ways. The G19rgy, churchw8rderb5 and the treasurer are members by virtu9 of their Offi Deanery SY rèpresentatives ore elected by the annual parochial church rn9eling IAPCMI aNI hold office for three years. Other members of the PCC are elected annually at the APCM. New PCC mèmbers are given assistance by the chUrchW8enS and other P¢C members lo enab18 ihem to cary Otjt théir rob effectivety. The PCC makes all decisions cortxJr8t81y expt Ihal the Finance Committe8 has delegated rxTh6rs lo make decisions between PCC meetings subject lo kèèping the PCC infomied as fvlly as necessary. This placeg focus on managing our finan1 affairs.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF BURCHErrs GREEN IN DIOCESE OF OXFORD
TRUSTEES REPORT (CONIINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Slat•nwntof PCC r•SPonAll
Th• PCC15 T•sn$10 for all parfsh fiTra. Its m8n¥Jw)1 and cA)nIry. twJJdlYwJ the aF)po1ntrnrt of a tr8asur•f.
Mèmb&fS of th8 PCC w8 r8sfMMibb for kèeiMThJ aco)unling ruds. wtuch Vilh reasonJle 8ruracy thè
rinanoal posthn of the PCC vthirh enth them to a5rArt8in ts naal prtyn ol lh8 PCC and gn5UFB thal
thè financial ststemer¢ts ccrtnp with tr ChLwch
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURCHETTS GREEN IN DIOCESE OF OXFORD INDEPENDENT EXAMINER'S REPORT TO THE PCC OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURCHETTS GREEN IN DIOCESE OF OXFORD I rep(yt lo th8 PCC on my examination of the financial statements of The Parochial Church Council ol The Ecckslascal Parish of Burchetts Green in Diocese ol Oxford Ilhe P8ri5hl for the year ended 31 D9G8mber 2023. Re9ponsibilitiès and basls of report As the PCC ol the Parish you are reSpSible for the preparation of the finanr#al statements in accordance vri(h th9 réqulrtrmts of the Charilio5Act 2011 {th9 2011 Act). I report in respect of my examlnatlon of the Parish's fin8ncial statements carried out under seth'on 145 of ihe 2011 Act. In carrying out my examlnation I have followed all Ihe applicabfe DireclKJns given by the Charity Commlssion under section 14515Xbl ol the 2011 Act. Indeptndent examlnerfs statement I hav& completed my examination. I confirm that no matters have come lo my attention in connectlon wlth the examination giving me cause lo believe that in any material respeGt'. accounting records were not kept in respect ol the Parish as required by section 130 of Ihe 2011 Act.. or the hnancial slalements do not accord with those r8eords', or the financial slalements do not comply with the applicable requirements conceming the form ct)nlenl of accounts sel out in th& Charities (Accounts and Reports) Regulations 2008 othgf than any requ1ment that the Bccounts give a true and fair vi9w which is not a maiter ¢onsidered as part of an indèpendent ex8mrnation. I have no eoncems and have come aeross no other rnatlgrs in ¢onnectic wlh the examination lo which attention should b drawn in this report in order to gnable a proper undèrstanding of Ihe financial ststements to b8 re8ehed. Christopher Rayner FCA lor and on behalf of Craulurd Hale Audlt servic Llmltad CIO Craufurd Hale Group Ground Floor, Arena Court Crown Lane MAIDENHEAD SL6 8az Dated".
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURCHErrs GREEN IN DIOCESE OF OXFORD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Rg$trict8d fund$ funds 2023 2023 Total Unrestricted Restricted fund funds 2022 2022 Total 2023 2022 Not8s ncom• from: Voluntary income Irwme frorn church actiwties Activities for generating lunds 1me from invsstments 75.755 2.113 77,868 53,306 11.649 64,955 58,875 14 58,889 25,923 25.923 17,086 1.799 18,885 15.165 2,C64 17.229 1.167 1.405 2.572 1.305 1,305 Total Incomè 152,883 5,331 158,214 95,699 13,713 109.412 Ex nditurtr on. Raising funds Church activilv6 1.944 138,123 1,279 12.264 3,223 150.387 1,053 14,477 2.041 157.306 142.829 Total resoui¢¢$ •xpend•d 140,067 13,543 153.610 143.817 15.530 159.347 Net incomlng SourC•S before net galnslll0sse$l on investments 12.816 18.2121 4.604 148,1181 11,8171 {49.9351 Net gainsl{lossesl on Investments 11 1.106 2.489 13,9621 13.9621 Gross Iranslers between funds Net movoment Sn funds 1.918 150.1621 11,9181 13,7351 13,922 16.8291 7.093 153.8971 Fund balances al l January 2023 (2.509) 118,866 116,357 47.653 122.fA)1 170.254 Fund balane•s al 31 D*mber 2023 11.413 112,037 123,450 12,5091 118,866 116,35T The ststemenl of finènc6al aclivities includes all gaSns and losse5 recogni5ed in Ihe year.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURCHETTS GREEN IN DIOCESE OF OXFORD BALANCE SHEET AS AT31 DECEMBER 2023 2022 TarvJifie a88ats InTftsbnents 13 14 40.933 38,444 40.933 74.637 79A7T 1.6r2 1.471 11.033 39.410 Cash ai bank and In twd 51.914 Cmdllorn: •mounls f•lllno TAlthln 17 le.2) (14.934) 48.613 980 1r3.450 11&357 112.1)37 118,886 De*natsd 19 11,413 11.413 {2W9) 123.450 116J57 The fMIn( atats Sftth. Lay Chalrpern(
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURCHETTS GREEN IN DIOCESE OF OXFORD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting poli¢io¥ 1.1 Aecounting conventlon The financial statemen15 havtr been prepared in accordancè with the Church IAccounts and Reports) Re9ulab"ons 2008, the Charities A¢1 2011, and the Slaternent of Rewrnrnended Practice by Charities SORP {FRS1021, 85 well as The PCC (Powers) M9asure 1956, The Church Representation Rules, and thè Church Accounting Regulation$ 20C*. Although the lolal incorne of the PCC is below £250.0(XJ, the PCC has decid8d to pr8s8nt accounts on Ihe accwals basis. The ftnancial statements are prepared In sterling, which is the fUnor1 currgn¢y i)f tha Parish. Monetary amounts in these financial stslements are rounded lo the nearest £. The finand81 statements have been pr&pared under the historical cost convention, modified lo include inve51rnents at lair value. The principal accounting poliues adopted a set oul below. 1.2 Golng concern Al the lirne of approvin9 lh& financial statements. the PCC have a reasonabl8 eXPaCtation that the Parish has adequate resourcgs to continuè in operational existence lor the foreseeable future. This is on th8 followng basis.. Agreement of the reduction of the contribution to the Polish Share from Ihg Deanery., Continued contribution Irorn H9nl8y Church Estates., Re3lricted funding available for known luture rerbhrnent wod(s. The Twstees are confident that there Trs funding available to cover these costs. Based on the abovè. th8 PCC continue lo adopt the going concem basis of accounliro in preparing the financjal statemenls. 1.3 Charitable funds Unr85tricted funds are availablè for use at the discretion of the Ifustees the general objectives of the Church. DgW9nat8d funds are unrestricted funds that have been set aslde by the PCC for 8 particular purposo. Restricted funds are subject lo specific condition5 by donors as lo how théy may be used. The cost of raising and MInIstering such funds arè charged against those specific funds. The purposes and uses ol the Teslrieted lunds are set out in thg noles to the financial slalements.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURCHETTS GREEN IN DIOCESE OF OXFORD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Aecountlng pollcles Icontlnued) 1.4 tn¢om8 Income is recognised when the Parish is legally enlilled to it aftèr any perfomiance cDnditions have been mel. lh8 anKJunts Gan be measured reliably, and it is probable that inwrne be reived. Collections are recognised when received or on behalf of the PCC. Plannèd gNing is recognised only when received. Grdnts are recognised as soon as the PCC becomes aw8rg of Its l$gal entrtlemgnt a1 the amount due can reliably eslimated and is probable. When itxoming resources have related &xpendilure las with fundraisir@ incomè) the incoming r&sources and all r81alèd rèsourcas expended are accounted for gross in Ihe SOFA. Gi115 in kind aro accounted for al a reason8ble estimate of their value to the church or the amount 8Ctually realised. Gift5 in kind for use by the church are included In the SOFA as incornirvJ rosources when receivable. Rental income from Igtting th8 Church Hall 15 accounted for when it falls due. Dfvidends and interest are a¢¢ountgd for when receivable and indudes any rerDV8rdble tax. Realised gains are accounted low on assets he for the church's own and are t8ken into account at the b'me of 5al8. C8sh donations are recognised on receipt. Othèr donation5 are rewgnisad once the Parish has been notified of the donation, unles5 pèrformance conditions réquira deferral of the 8moLtnt. Income tax recovèrable in relation to donations re¢oivÈd undèr Gift Aid is recognisod 8t the time of the donation. L6gaaes are Tecognised on rec8ipt or othewse if the Parlsh has been notifi8d of an impending (fislribution. the amount is known, and rec8lPt Is oxpecled. If Ihe amount 15 not known, the legacy 15 treated as a contingent asset. 1.5 Expèndlture Exp8nditU18 is recoJnised once thorg is a legal or constructiva obligation lo Iransler economic benefit to a third p8rty, It is probable that a transf8r of economic benefits wtn be required in selll&mwL and the amount of the obligab.on Can be measured reliably. All costs have b88n directly attributed lo the various categories withirs lh8 SOFA. Any ggneral support costs have bèèn allocated across activty cost categori8s on a basis consistgnt with the use of res(xJrces based on an allocatlon of actual costs. As the church is not VAT regislered. all èxpenditure is shown incluslve of VAT. Governance costs indud8 the cost of the preparation ol the annual accounts, the ind8pendenl examin81knn. thè cost of PCC meetings and the legal cost of advice on governance or constilLtlIcal matters. Grants and charitable giving a accounted when P8KI ovér or when awarded. If the award creates a binding obligation on PCC. provided that there are no conditions to be mel relating lo Ihe grant which remaln in the control ol the church. Parish share is accountèd for when paid.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURCHETTS GREEN IN DIOCESE OF OXFORD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Aeeountlng polleles Icontinugdl 1.6 Tangible fixed assets All capital expenditure in èxcess of £5,000 for a single item or a group of similar ilems, is eapitalised. Tangible fix8d assets are initially me8sur8d at cost and subsequenlty measured at cost, nel of depreciatlon. Depreci81ion is recognised so as lo write off the cost of assets over their usefvl Ives on the fOlknng basès.. Land anLI buildings Fixtures and littirKJs over 10 years straight line over 8 years straight line Thè gain N loss arising on the disposal ol an asset is determined as the difference between the sale proceeds and th8 carryin9 value Df the 8ssel. and 15 recognised in the stslemtrnl of Ionanual activities. 1.7 Fixed asset investments Fixed asset investrnents arè initially measured al transaction price excluding transaclion cost5, and are subsequently measured at fair value at each reporting d8le. Changes in fair value are shown under oth8r iecognised gainsl{lossesl section of the SOFA. Transaction costs ar8 expensed as incurred. 1.8 Impalmient of fixgd assets At each rgporting end date. tho Parish revi8ws ihe carrying amounts of its tangible assets to determine whether there is any IrKlication that those assets have suffered an impairmant loss. If any such indication exists, ihe r8cover8ble amount of the asset 1$ estlmated in older lo determinè the extent of th& impairment bss lil any). 1.9 Stocks Stocks are staled 81 the knwer of cost and eslimaled selllng price less costs lo compl&l& and sell. N8t r8ali5able value is the eslirn8ted Selling price less all estlmated costs of completion and costs to be Incurred In marketing. selling and distribution. 1.10 Cash and cash $qulvalents Cash and cash equivalents repr838nts cash in hand and depos6ts held at call wth banks, 1.11 Flnan¢lal instruments The Parish has elecled lo appty th8 provisions of S8clion 11 '8asic Financial Instruments, and Section 12 'Other Financial Instrurnenls Issues, of FRS 102 to all of Its flnoncial instruments. Financial instruments are recogni5ed in Ihe Parish's b81once sheet when the Parish becomes party to the ¢ontraotuo1 provisions of the instrutn9nl. Basic financial assèts Basic financial assets. which include debtors and cash and bank balances. are mea3ured al transacllon prlce including transaction costs. Financial 8888ts are classified as r9ceivable wilhin oné year and are not amortised. Baslc Ilnanelal Ilabllltles Basic financial liabilities. including creditors 8re recognised al tran$actlon price. Financial liabiliti85 are classified as pay8ble within ono year and are not amortised. Trale ueditors are obligation3 to pay fof goods (y Sgryices that hav8 beèn acquired in the ordinary course of operations from suppliers. Amounts payable are elassffied as current liabilities as payment is due within on& year or less. 10-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURCHEThS GREEN IN DIOCESE OF OXFORD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 310ECEMBER 2023 A¢¢ountlng pollclos Icontlnued) DeCognitIon of financlal liabilities Financial liabilities are dereoognised when the Parish's contractual Obligatio expire or 8re discharged or ¢aneèllèd. 1.12 Taxatlon The Parochial Church Gouncil of the Ecclesiastical Parish ol Burchetts Green as a charty 15 not liae for assessment lo lax on its income and gains lo the extent that they are applied lo its charitable objectivès. Voluntsry Incomo Unre$trlctèd Restrlctgd fun(Is funds Total Unrestrlcted Rg$trrcted fund funds Total 2023 2023 2023 2022 2022 2022 Tax- efficient planned giving lexd. tax) Collèctitsns of loose cash at services other indiwdual donations Grants Lagaciès Tax reo)verable 39,629 241 39.870 28,767 10,360 39,127 11.999 822 12.821 8,477 179 8.656 14.820 1.856 14.870 1.856 1.000 7.451 4,203 1,667 110 1,000 4,313 2,667 1.000 7.451 10,192 10,192 75,755 2.113 77.868 53,306 11,649 64.955 Other individual donations have Incfeased lo £14.87012022.. £8,656> dua lo a kind larg8 one off donation of £10,000.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURCHErrs GREEN IN DIOCESE OF OXFORD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Church activities Unrestrlctgd Restrlcted 2023 2023 Total Unrèstrlct•d Restricted 2023 2022 2022 Total 2022 Parochial lees. fees for weddings and funerals Hurley Church Eslales 19.716 19,716 13,939 13,939 14.040 25.092 27 14,040 25,092 41 11,979 11,979 Insurance daim ' Sundry income 14 58,875 14 58,889 25,923 25,923 relales to rnoney recelved and treated as designated income as dstalled in nole 19. The in¢ome ceiVed from Htjdey Church Estatès Is tated as designated income and PreSentS a grant towards the Gosts for the upkeep of Sl Mary's and for maintaining the historic building and maintaining a Church presence for the benefit of the Hurtey COTnmunlty. The insurance cl81rn income is also treated as designated income and has been spent on ihe works urKlertaken al the Sollau Centre du& lo the damage to the kilchtsn and toilet area. Activill•s for generating fund Unrnstrl¢t•d Restricted fund$ funds Total Unrestricted Restricted funds funds Total 2023 2023 2023 2022 2022 2022 Sgcial events during the year Hurley Village Fete 200 Club Traidcraft $818s hurch fetes etc Hurley Music and Art5 P85tival Church hall Felling 2.457 S(KJ 2.457 500 1,799 355 1,519 1.519 1,799 2,064 2.064 2,233 491 355 2,233 491 2.649 11,125 2,649 11,125 10,922 10.922 Other trading activitl8S 17,086 1.799 18.685 15.165 2.064 17,229 12-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURCHETTS GREEN IN DIOCESE OF OXFORD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Income from investments Unrestrlcted Restricted fund$ funds Tolal Unrestricted fund5 2023 2023 2023 2022 Interest receivable 1,167 1.405 2,572 1.305 IntergSt received r8pr85ent5 irrterest received from the following sour¢es'. 2023 2022 CBF Inveslmmenl Fund COIF Investment Fund CCLA Fund Cawbridge and Coullti85 Account Lh)yds Business Savings Account 1.308 97 283 772 112 1,171 130 2.572 1.305 Expendrture on ralslng funds Unrestrlcted Restrictgd funds fund¥ Total Unrestrlcted Restricted funds funds Total 2023 2023 2023 2022 2022 2022 Social avants dLFring the year 200 Club Iprizesl L G Sunday School Cabin costs Traidcraft cost of sales Hurley Music and Arts Festival 61 61 1.279 360 360 785 1,279 785 268 268 628 210 210 628 1.673 1.673 1,944 1.279 3.223 1.053 2,041 13-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURCHETTS GREEN IN DIOCESE OF OXFORD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Expenditure on Church activitiés Unre5tTiCted Re$lricted 2023 2023 Tt)tal Unrestricted Restrleted 2023 2022 2022 Toial 2022 Staff costs (note 101 Diccesan quota Church running costs Clergy expenses Bibles and books Bank tharges Printing, st81ionery. postage & cornpuler Depreciath"on expensè Parish fees payable Legal and prtsfèssional fees Insurance claim works Olhgr c0515 Donations made 10.288 43.171 44.637 1.534 270 249 10.288 43.171 51,108 1.534 27Q 249 8.270 73,843 48,049 629 733 581 8,270 73,843 56,733 629 733 581 6.471 8,684 1,339 1.2 5,561 344 25,092 673 1,449 1,339 7,029 5,561 963 1,236 2,456 2.516 963 7,029 2,456 2,516 S.793 5,793 25,092 673 1.449 254 719 254 719 135.843 12,264 148,107 140.249 14,477 154,726 Govemancg (osts1$88 ntste 81 2.280 2.280 2,580 2,580 138.123 12,264 150,387 142,829 14,477 157,306 Support and governan¢¢ costs Support Governanc osts costs 2023 Support Governance ost costs 2022 Indepéndent èX8minations fees Accountancy fees 1.020 1.260 1,020 1.260 1.020 1,560 1,020 1.560 2,280 2,280 2.580 2.580 Allocated to Church 8¢tNities 2.280 2,280 2.580 2,580 14-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURCHETTS GREEN IN DIOCESE OF OXFORD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Trustee rèmun•ratlon and expenses 3 PCC members12022.. 41 w8r8 reSmbursed lo181 expenses of £2.204 {2022.' £2.8481. for iha year covering iravel costs, deaning wst5 8nd various other oul.of-pocket expenses. No members of lh8 PCC receiveil any remuneration for their work on PCC. There were no disclosable transactions in respect of PCC members. persons closely connected wth them or any other lated parties. 10 Employèas The average monthty number of employees during the year was: 2023 Number 2022 Numbèr Employment costs 2023 2022 Wages and salaries 10.288 8,270 The pay incrèas8 was agreed by the PCC at a general meeling. There w818 no employees whose annLJal remuneration was more than £60,000. 11 Nel galnslllo$$g$1 on Investments Unr8strlcted Restricted fund5 funds Total Unrestricted funds 2023 2023 2023 2022 Revaluation of investments 1.106 1.383 2,489 13,9621 The net gain on the inv&stment. as delailed wlhln note 14, is dve lo th8 improved general market conditions compa to the Prior year. 12 Taxation The charity Is ex8mpt from taxation on its Èetivities because all Its Sncome 15 applied lor charitable purpos8S. 15-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURCHETTS GREEN IN DIOCESE OF OXFORD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 13 Tanglblè fixed atsets Land & Fixiurps and buildlngg frtilngs Totsl Cost Al 1 January 2023 50,687 13,227 63.914 Al 31 Dac8mber 2023 50,687 13.227 63,914 Depreciation and impalrment At 1 January 2023 DepciatIOn charged in th& year 15.931 5.793 7.050 1,236 22,981 7,029 Al 31 Dacember 2023 21.724 8,286 30,010 Balance sheet value Al 31 Oecember 2023 28.963 4,941 33.904 Al 31 December 2022 34.756 6,177 40,933 16.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURCHETTS GREEN IN DIOCESE OF OXFORD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 14 Fixed asset invgStrnent5 Unlistèd Investmgntg Cost or valuation At 1 January 2023 valuats.on ch8ng&s 38.444 2,489 Al 31 December 2023 40.933 Balan¢8 She•t value At 31 December 2023 40.933 Al 31 Dec¢Mr 2022 Ineome 2023 Valuation Valuation 2023 2022 Investments al lair value represents.. COIF Charities Investment Fund CBF Investment Fund 97 1,308 4,743 36.190 4.457 33.987 1.405 40,933 38,444 15 Stacks 2023 2022 Raw materials and ¢onsumabl8S 1.672 1.471 16 Dgblors 2023 2022 Arnount5 falling due within one y•ar. Trade debtors Sundry debtois Prepayments Accrued in¢omè- Gift Aid 741 3.660 6.438 11.4S1 799 695 5,539 4,000 22.290 11,033 Accrued income - Gift Ald of £11,451 reprèsènts the amounts raceived in February 2024 totalling £7.451 and an additional amount acGru8d of £4.000 to account lor the estimated addibonal Gift yel to be clairned for donations r1Ved before 31 December 2023. 17-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURCHETTS GREEN IN DIOCESE OF OXFORD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 17 Creditors: amounts falling due within one y•ar 2023 2022 Trade creditors Other crgdilors ar ao¢ruals Deposits held 1,036 13,698 200 5,882 200 6,082 14.934 Included in accrvals in the prk)r year was an amunt due frorn 2022 of £6,154 with respecl lo Parish Share. This was subsequently paKI on 13 March 2023. 18-
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURCHETTS GREEN IN DIOCESE OF OXFORD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 20 Analysis of n¢t assets ben funds Unre$trlct•d Restricted funds funds 2023 2023 Totsl Unrestriet•d Restricted funds funds 2022 2022 Total 2023 2022 Fund bal3ncas at 31 December 2023 are representeil by.. Tangible ass8ts Investments Current assetsllliabililiesl 1,505 32.399 40.933 38,705 33.)4 40.933 48.613 6,177 34.756 38.444 45.666 40,933 38.444 36.980 9.908 18,6861 11,413 112.037 123.49) 12.5091 118,866 116.357 21 Related party transaetlons During thè year the Parish ineurred cos(s fo)r which Hurley Church Estates, an entity in which two of thè trusle8s of the Parish are 3150 trustees. provided gr8nts totalling £14,04012022.' £11,979>. There were no other disclosable r81ated party transactions during the year12022- none). 21