Charity 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 2024
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURCHETTS GREEN IN DIOCESE OF OXFORD LEGAL AND ADMINISTRATIVE INFORMATION Incumbent Revd Tom Etherton Current trustee5 Rosalind Bentley Jane Smith Richard Moores Jenny Robinson Tom Dobinson Fiona Fieldhouse Joleen Newton Tim Bowler Acting treasurer Paul Fagan Charity number 1137069 Princlpal address Burchetts Green Parish Office Th8 Soltau Centre, St James thè Less Church Henley Road. Stubbings MAIDENHEAD SL6 6QW Indepèndènt examiner Craufurd Hale Audit Services Limited CIO Craufurd Hale Group Ground Floor, Arena Court Crown Lane MAIDENHEAD SL6 8QZ Bankers Lloyds TSB 45 Hlgh Street MAIDENHEAD SL6 1JS
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURCHErrs GREEN IN DIOCESE OF OXFORD CONTENTS Page Trustees report Independent examinerfs report Statement of financial aclivilies Balan sheet Notes to the financial ststements 8-21
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURCHETTS GREEN IN DIOCESE OF OXFORD TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Parochial Church Council (PCC) presents its annual report and financial statements for the year ended 31 December 2024. The financial statements have been prepared In accordance with the Church {Accounts and Reports) Regulations 2008. the Charities Act 2011, and the Statement of Recommended Practice by Charities SORP (FRS102). as well as The PCC (Powers) Measure 1956, The Church Representation Rules, and Ihe Church Accounting Regulations 2006. Objectlves and adivities The objectives of the PCC arè defined by the Parochial Church Council (Powers) Measur8 1956 as to Cowoperate with the minister in promoting in the parish the whole mission of the Church. pastoral, evangellstic, Sla1 and eGumenical. The PCC is committéd to enabling as many people as possible to worship at our churches and to become part of thè Parish eommunty. The PCC régularly reviews the wotshlp throughout the Parish and considers how services can involve the many groups that live within the Parish. When planning our activities for the year, the incumbent and the PCC have considered the Charity Commission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. We try to enable ordSnary people to live out Iheir faith as part of our Parish community through: the provision of regular public worship that is open to all; the provislon of sacred space for personal prayer and wntemplation- the provision of pastoral work including the visiting of the sick. the elderly and the bereaved: teaching the Christian faith through semions, infomial groups, children's meetings and links with local schools,. the promotion of th& Christian taith through various events for thè &ld8rly. parenis and toddlers and other special needs groups organised by the PCC and through the distribution of the Parish magazine and through the website- the support of other charities involved in Chrislian outreach and development. The PCC Ksntinued their work from the prior yaar at looking in detail at its pattem of worship services with a vlew to maklng changes aimed at growing CongrationS and improving accessibility for famllies with childr6n. For further details of our activities during the year please consult the APCM Report booklet which can be obtained 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 2024 Financial review The Parish saw an overall net outgoing of resources of £14.868 in 2024 {against a net increase of £4,604 in 2023} before revaluation of investments. This included a deficit of £1.529 in unrestricted funds, and £13,339 in restricted funds compared with an increase of £12.816 in unrestricted funds and a deficit of £8.212 in restricted funds during 2023. Totsl income during 2024 was £129,665. a reduction of £28.549 versus last year. This was driven by decreases in Voluntary Income (-£7.114). income from Church Activities {-£27.656}, and Income from Investments {-£1.049)" while Income from Fundraising increased (+£7,270). However. in the same period Parish expenditure was lower than 2023 at £144.533, through savings in Church Activities of £11,184 and an increase in cost of Furbdraising (£2.107}. Explanation of these results requires a deeper dive into each element of Parish adivities. Voluntary Income grew marginally in 2024 (ref- note 2- page 11), but a generous donation in 2023 impacted the year-on-year comparison. There was a healthy increase in Cash Collections (+36Q/o), especially through card reader donations. The Parochial Church Council (PCCI promoled a shift to the new online Parish Giving Scheme (as notified at last year's APCMI. which proved successful with 750A of planned donations now through this route and will continue to promote this actively. The Parish Giving scheme automates collection of Gift Aid, significantly reducing administration for the Parish. Income from Church Adbvities was similarly impacted year-on-year by proceeds from an Insurance claim in 2023 at the Soltau Cenlre (ref: note 3. page 12). And Parochial Fees were k)wer due to fewer weddings than 2023 {- £8.278). This was partially offset by a 40¥0 high8r contribution from Hurley Church Estates (the Parish benefits considerably from Ihe support of Hurley Church Estates to maintain St Marys, for which the PCC is very grateful). The PCC anticipates improvement next year, given 2025 wedding boong$ already received. Fundraising Income (ref: note 4- page 121 increased 380/. during 2024 driven mainly by more social events {e.g., Snowdrop Day, Music on a Summers Evening, the Comedy Club} and the new Music and Arts Festival. Fundraising remains a key focus for the PCC. and we thank all our Volunteers who work hard lo achleve this. Necessarily the cost of fvndraising increased too {ref: note 6. page 13), primarily for the new Festival which cleared a tidy positive margin - a great result in its first year. Church Hall lettings were stable, and opportunity exists to leverage the Soltau Cente and Priory room even more in 2025. Income from investments Iref.. note 5" page 13) reduced through liquidation of an old Cambridgè and Counties inveslmenl to simplify administration, and liquidation of the CBF fund towards key maintenance projects. Expenditure on Church Activities reduced by £11,184 (-7°/9l. The largest cost category, representing 49 /0 of Church Activities, were Church Running Costs (£68,136), which increased by £17,010 versus 2023. This was due to necessary maintenance projects in all three churches, including.. replacement of the AV systems in St Marys and St James, a new carpet in the Soltau ntre. and repairs to the Lych gate at St Johns. Hurley costs were 1000/0 offset by contribution from Hurley Church Estates. the AV work at St James was funded by proceeds from the 200 dub and the CBF fund. and the work at St Johns was funded out of restricted funds. The increase in Church Running Costs was more than offset by the year-on-year reduclion due to the Insurance works al Stubbings in 2023 (ret. note 7,. page 14). The Parish Share represents the second most significant cost category {31V/o) totalling £43,910 {2023.' £43,171). For 2023 the Trustees decided (with Deanery agreement) not to pay the full quota to protect against a deficit in unrestricted reserves. This decision was continued in 2024, and Parish unrestrictsd reserves at 31 December 2024, maintained a surplus position of £9,248 (2023.. £11.413)- All other cost categories were generally unchanged and given the economic environment and inflationary challenges during 2024, the steps taken by the Trustees to contsin running costs appear effective, as example. instslling smart readers in all churches. and moving to LED lighting to reduce ele¢tri¢ity Sts. The PCC thanks everyone who has supported the Parish with their generosity despile such challenging times" and despite more recent evidence of decreasing inflation rates. We continue to lake a cautious view by dosely monitoring the Parish cashflow position each month. We are especially grateful to all the volunteers within our Parish who are vitslly important to providlng the services we offer to the community.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURCHETTS GREEN IN DIOCESE OF OXFORD TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Structure. governance and management The PCC is a coOrate body established by the Church of England Its governing documents are the Parochial Church Council (Powers) Measure 1956 as amended and the Church RepsentatiOn Rules 2006. It is a challty registered with the Charity Commission under register number 1137069. The parish is part of the Windsor and Maidenhead Deanery, which is within Ihe Diocese of Oxford of the Church of England. The Parish office address is Burchetts Green Parish Office. The Soltau Centre. St James the Less Church. Henley Road, Stubbings. Maidenhead. Berks SL6 6QW. The following persons have seNed as members (trustees) of the PCC during the year and up to the date this report was approved, unles5 otherwise stated.. Incumbent Lay Chairperson Revd Tom Eth8rton # Jane Smith Churchwarden Churchwarden Churchwarden Churchwarden Jane Smith # Richard Moores # Jgnny Robinson Tim Bowler # Hurley Littlewick Green Littlewick Green Stubbings Deanery Synod Representative Tom Dobinson Elected member Elected member Elected memb8r Fiona Fieldhouse Joleen Newton Rosalind Bentl8y Assistant Curate Revd Tina MoleuX {CowOPted member) ' Safeguarding officer Jane Holmes ' Acting treasurer Paul Fagan '
Identifies current member of the finanGe committee. Vanessa Evans and Sue Wilkins also forrn part of the Finance
Committee. ' identifies those members of the PCC who are not Trustees. PCC members are recruited in a number of ways. The clergy, churchwardens and the treasurer are members by vlrtue of their office Deanery Synod representatives are elected by the annual parochial church meeting IAPCM) and hold office for three years. Other members of the PCC are elected annually at the APCM, Now PCC members are given assistance by the churchwardens and other PCC members to enable them to carry out Iheir role effectively. The PCC makes all decisions corporately except that the Finance Committee has delegated powers to make decisions betwèen PCC meetings subject to keeping the PCC informed as fully as necessary. This places focus on managing our financial affairs.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURCHETTS GREEN IN DIOCESE OF OXFORD TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Stalement of PCC responsibilities The PCC is responsible for all parish finan, its management and control, including the appointment of a treasurer. Members of the PCC are responsible for keeping ac(x)unting 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 ensu that the financial statements comply with the Church {Accounts and Reports) Regulations 2008, the Charities Act 2011, the Statement of Recommended Pradice by Charities SORP(FRS102}. Ihe PCC {Powers) Measure 1956.the Church Representation Rules. and the Church Accounting Regulations 2006 The PCC is also responsible for safeguarding the charity's assats and hence for taking reasonab18 Steps for tha prevention and detection of fraud and other irregularities. The PCC is also required to ensure that the financial slatements are examined by an independent examin8r or auditor prior to presentation to the Annual Parochial Church Meeting. The law applicable to charities in England and Wales requires the PCC to prepare financial statements for each financial year which give a true and fair view of the stste of affairs of the Parish and of the incoming resources and application of resources of the Parish for that year. In preparing these financial ststements, in addition to the above. the PCC are required to: select suitable accounting policies and then apply them consistèntly. make judgements and estimates thal are reasonable and prudent" prepaie the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. Approved by the PCC and signed on its behalf by.. 07 2025 Jane Smbth, Lay Chairperson TTuste8
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 report to the PCC on my examination of the financial statements of The Parothial Church Council of The Ecclesiastical Parish of Burchetts Green in Diocese of Oxford (the Parish) for the year ended 31 Dember 2024. Rosponsibilitiés and basis of rèport As the PCC of the Parish you are responsible for the preparation of the financial statements in accordance with the requiroments of the Charities Act 2011 {the 2011 Act). I report in réspect of my examlnation of the Parish's financial slatements carried out under section 145 of the 2011 Act. In carrying out my examination I havè followed all the applicable Directions given by the Charity Commission under section 14515Jlb) of Ihe 2011 Act. Independont examiner's statoment I hav8 completed my examination. I confirm that no matters havè come lo my att8nlion in connection with thè examination giving me cause to believe thal in any material respect: acrnunting records were not kept in respect of the Parish as required by sèction 130 of the 2011 Act., or the financial ststem8nts do not accord with those records. or the financial statements do not comply with the applicable requirements conrRrning the fomi and content of accounts set out in the Charilles (Accounts and Reports) Regulations 2008 other than any requiremenl that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in conn8Ction with the examination to which attention should be drawn in this report In order to enable a proper understanding of the financial statements to be reached. Christopher Rayner FCA for and on behalf of Craufurd Hale Audit Servi$ Llmited CIO Craufurd Hale Group Ground Floor, Arena Court Crown Lane MAIDENHEAD SL6 8QZ
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURCHETTS GREEN IN DIOCESE OF OXFORD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Rèstrl¢ted funds funds 2024 2024 Total Unrèstrlcted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income from: Voluntary income Income from church activities Activities for generating funds Income from investments 69.884 870 70,754 75.755 2,113 77,868 31.233 31,233 58.875 14 58.889 24.041 2.114 26,155 17.086 1,799 18.885 174 1,349 1,523 1,167 1,405 2,572 Total income 125,332 4.333 129,665 152.883 5,331 158,214 Ex ondlture on: Raising funds Church activities 4,250 122.611 1,080 16.592 5,330 139.203 1,944 138.123 1,279 12,264 3,223 150,387 Totsl resources expended 126.861 17.672 144.533 140.067 13,543 153,610 Net incoming re$ourcoS before net gainsl(losses) on investments {1,529) (13,339) {14,868) 12.816 {8,212> 4,604 Net gainsl(losses> on investments 12 911 911 1,106 1,383 2,489 Net {oulgoing)lincomlng resources before transfors {1,529) {12,428} {13,957) 13,922 (6,829) 7.093 Gross transfers between funds {636) 636 Net movement in funds (2.165) (11,792) (13,957) 13,922 (6.829) 7.093 Fund balances at 1 January 2024 11,413 112,037 123,450 (2,509) 118,866 116,357 Fund balances at 31 December 2024 9.248 100,245 109.493 11,413 112.037 123,450 The statement of finanGial activities includes all gains and lossés recognised in th8 y8ar.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BURCHETTS GREEN IN DIOCESE OF OXFORD BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notss Flxed assets Tangible assets Investments 14 15 26,875 35,051 33,904 40,933 61.926 74,837 Current assets Stocks Debtors Cash at bank and in hand 16 17 1,672 22,290 30,733 20,323 31,443 51,766 54,695 Credltors: amounts falling due within one year 18 (4,199) (6,082} Net current assets 47,567 48,613 Total assets less current liabilities 109,493 123.450 Income funds Restricted funds Unrestricled funds Designatsd funds General unrestricted funds 19 100,245 112,037 20 20 9,248 11.413 9.248 11.413 109,493 123,450 7 November 2025 The financial ststements were approved by the PCC on .................. Jan• Smith, Lay Chalrperson Trustee
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 2024 Accounting policies 1.1 Accounting conventlon The financial statements hav8 been prepared in accordance with the Church (Accounts and Reports) Regulations 2008, the Charilies Act 2011, and the Statement of Recommended Practice by Charities SORP (FRS102}, as well as The PCC (Powers) Measura 1956, The Church Representallon Rules, and the Church Accounting Regulations 2006. Although the total income of the PCC is below £250,000. the PCC has decided to present accounts on the accruals basis. The financial statements are prepared In sterling. which is the fundional currency of the Parish. Monetsry amounts in these financial statements are roundèd to the nearest £. The financial ststements have been prepared under the historical cost convention. modified to include investments at fair value. The principal accounting pollcles adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the PCC have a reasonable expectation that the Parish has adequate resources to continue in operational exlstence for the foreseeable future. This is on the following basis- Agreement of the reduction of the contribution to the Parish Share from the Deanery. Continued contribution from Henley Church Eststes; Restricted funding available for known future refurbishment works. The Trustees are confident that there is funding available to cover these costs. Based on Ihe above, the PCC Gontinue lo adopt the going concem basis of arKounting in preparing the financial statements. 1.3 Charitable funds Unrestricted fijnds are available for use at the dlscretion of the trustees for the general objeGtives of the churth. Designated funds are unrestricted funds that have been set aside by the PCC for a particular purpose. Restricted funds are subject to specific conditions by donors as to how they may be used. The cost of raising and administering such funds are charged against those specific funds. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
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 2024 Accountlng policies {Continued) 1.4 Income Income is recognised when the Parish is legally enliued lo it after any performance conditions have been met, the amounts can be mèastjred reliabty, and it is probable that incomé will be received. Collections are recognised when received or on behalf of the PCC. Planned giving is recognised only when received. Grants are recognised as soon as Ihe PCC becomes aware of its legal enlitlement and the amount due can be reliably estimated and is probable. When incoming resources have related expenditure (as with fundraising income) the incoming reSoUS and all 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 re1Vable. Rental income from letting the Church Hall is accounted for when it falls due. Dividends and interest arg accounted for when receivable and includes ony recoverable tax. Realised gains are accounted for on assets held for the church's own use and are taken into account at th8 time of sale. Cash donations are recognised on receipt. other donations are recognised once the Parish has been notified of the donation. un18ss performance conditions require deferral of the amount. Income tax recoverable in relation to donations received und8r Gift Aid is r8cognised at the time of the donation. Legacies are recognised on receipt or otheiSe if the Parish has been notif18d of an impending dislribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 1.5 Expendituro Expenditure is reGognised once there Is a legal or constructive obligation lo transfer economic benefft to a third party. it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. All costs have been directly attributed to Ihe 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 Ihe church is not VAT regist8r8d. all expenditur8 Is shown inclusive of VAT. Govemance Costs include the cost of th8 preparation of the annual accounts. the independent éxamination. the Cost of PCC meetings and the legal cost of advice on gOV8man or constitutional mattèrs. Granls and charitable giving arè accounted when paid over or when awarded. If the award creates a binding obligation on the PCC, provided that there are no conditions to be met relating lo the grant which remain in the control of the church. Parish share is accounted 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 2024 Acoountlng policies (Continued) 1.6 Tangible fixed assèts All capital expènditure in excess of £5,000 for a single item or a group of similar items. is capitalised. Tangible fixed assets are initially maasured at cost and subsequently measured at cost, net of depreciation. Depreciation is recognis8d so as to write off the cost of assets over their useful lives on the following bases.. Land and buildings Fixbjres and fittings over 10 years straight line over 8 years straighl line The gain or loss arising on the disposal of an asset is detemlined as the difference belween the sale proceeds and the carrying value of the asset. and is recognised in the statement of financial adivities. 1.7 Fixed asset investments Fixed asset investments are initially measured at transaction Pri excluding transaction costs, and are subsequenlly measured at fair value at each reporting dale. Changes in fair value are shown under other recognised gainsl(losses) section of the SOFA. Transaction costs are expensed as incurred. 1.8 Impalrnient of fixed assets At each reporting end date. the Parish reviews the carying amounts of it5 tangible assets to determine wheth&r there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to detemiine the extent of the impairn)ent loss Irf any>. 1.9 Stocks Stocks are ststed at the lower of cost and estimated selling price less costs to complete and sell. Net realisable value is the ostimated selling price less all estimated costs of completion and costs to be incurr8d in marketing. selling and distribution. 1.10 Cash and cash èqulvalonts Cash and cash equivalents represents cash in hand and deposits held at call with banks. 1.11 Financlal Instruments The Parish has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Parish's balance sheet when the Parish becomes party to the contractual provisions of the instrument. Basic Ilnancial assets Basic financial assets, whith indude debtors and cash and bank balances. are measured at transaction price including transaction costs. Financial assets are classified as receivable within one year and are not amortised. Baslc ffnan¢ial liabilities Basic financial liabilibes. including creditors are recognised at transaction price. Financial liabilities are classifièd as payable within one year and are not amortised. Trade creditors are obligations lo pay for goods or services that havg been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as Guent liabilities as payment is due within one 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 31 DECEMBER 2024 Accounting poli¢les Icontlnued) Derecognitlon of financial Ilabilities Financial liabilities are derecognised when the Parish's contractual obligations expire or are discharged or cancelled. 1.12 Taxallon The Parochial Church Council of the Ecclesiastical Parish of Burchetts Green as a charity is not liable for assessment to tsx on its income and gains lo the extent that they arè applied to its charitable objectives. Voluntary income Unrestricted Rostrlcted funds funds Total Unr•strfcted Restrlcted funds funds Total 2024 2024 2024 2023 2023 2023 Tax - efficient planned giving Collections of loose cash at seNices oth8r individual donations Grants Legacies Special collections Tax recoverable 38,972 120 39.092 39,629 241 39,870 15.430 650 16,080 11,999 822 12,821 6,360 1,916 2,000 206 5,000 100 6,460 1.916 2.000 206 5,000 14,820 1,856 50 14,870 1.856 1.000 1.000 7.451 7,451 69.884 870 70.754 75.755 2,113 77,868 Other individual donations have decreased to £6,460 (2023: £14.870) due to a kind large one off donation of £10.000 received in Ihe prior year. 11
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 2024 Church activitiès Unrestricted Restricted 2024 2024 Total Unrestrfcted Rostricted 2024 2023 2023 Total 2023 Parochial fees, fees for weddings and funerals Hurley Churth Estates 11.440 11,440 19,716 19.716 ** 19,612 19.612 14,040 25,092 27 14.040 25,092 41 Insurance claim Sundry income ** 181 181 14 31,233 31,233 58,875 14 58,889 rélates to money received and treated as designated income as detailed in note 20. The income received from Hudey Church Estates is treated as designated income and represents a grant towards the costs for the upkeep of St MaWs and for maintaining the historic building and maintaining a Church presence for the benefit of the Hurley communty. The insurance claim income is also Ireated as designated income and has been spent on the works undertaken at tha SoEtau Centre duè to the damage to the kitchen and toilet area. Actlvltles for generatlng funds Unrestrlcl•d Restricted funds funds Total Unr•strf¢ted Restricted funds funds Total 2024 2024 2024 2023 2023 2023 Social events during the year Hurley Village Fete 200 Club Traidcraft sales Hurley Music and Arts Festival Church hall letting 6,766 6,766 2.457 500 2.457 500 1.799 355 2.114 2,114 1.799 355 6,432 10.843 6,432 10,843 2.649 11.125 2,649 11,125 Other trading activities 24,041 2.114 26,155 17,086 1,799 18.885 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 2024 Incomè from investments Unrestrlcted Restricted funds funds Total Unreslrl¢ted Restricted funds funds Totsl 2024 2024 2024 2023 2023 2023 Interest receivable 174 1,349 1,523 1,167 1,405 2,572 Interest received represents interèst received from the following sources= 2024 2023 CBF Investmment Fund COIF Investrnent Fund CCLA Fund Cambridge and Countles Account Lloyds Business Savings Account 991 109 358 1.308 97 283 772 65 112 1,523 2.572 Expondlture on ralslng funds Unrestrl¢ted Rastrlcted funds funds Total Unrestricled Restrlcted funds funds Total 2024 2024 2024 2023 2023 2023 SoGial events during thé year 200 Club (prizes) Traidcraft cost of sales Hurley Music and Arts Festival 500 500 1,080 61 61 1.279 210 1,080 1,279 210 3,750 3,750 1,673 1,673 4,250 1,080 5,330 1,944 1,279 3,223 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 2024 Expenditure on Church activities Unrestrictèd Restrlcted 2024 2024 Total Unrestrictèd Restrlcted 2024 2023 2023 Total 2023 Staff costs (note 11) Diocesan quota Church running costs Clergy expenses Bibles and books Bank charges Printing, stationery, postage & rnputer Depreciation expense Parish fees payablé Legal and professional fees Insurance claim wot1(s Othèr costs Donations made 11,001 43,910 57,337 990 35 260 11,001 43.910 68.136 990 35 260 10,288 43,171 44,637 1.534 270 249 10,288 43.171 51,108 1,534 270 249 10,799 6,471 2,511 1,236 1,210 2,511 7,029 1.210 1,339 1,236 5,561 344 25.092 673 1,449 1.339 7,029 5,561 344 25,092 673 1,449 5.793 5.793 1,396 745 1,396 745 120,631 16,592 137,223 135,843 12.264 148,107 Governance costs {see not8 8> 1,980 1,980 2,280 2,280 122,611 16,592 139,203 138,123 12,264 150,387 Support and governance Costs Support Governance costs osts 2024 Support Governanc6 costs costs 2023 Independent examinations fees Accountancy fees 1,020 960 1.020 960 1,020 1,260 1,020 1.260 1,980 1,980 2,280 2,280 Alltscaled to Church activities 1,980 1,980 2,280 2,280 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 2024 Net movement in funds 2024 2023 The net movement in funds is ststed after chargingl{crediling): Fees payable for the independent examination of the charity's financial statements Depreciallon of owned tangible fixed assets 1.980 7,029 2.280 7,029 10 Trustee remuneration and expensos 3 PCC members (2023: 3) were reimbursed total expenses of £1,801 {2023". £2,204), for the year covering travel costs, Cleaning cosls and various other out-of-pocket expenses. No members of the PCC received any remuneration for their work on PCC. There were no disclosable transactions in resp8Ct of PCC members, pwsons closely connect8d with them or any other related parties. 11 Employees The average monthly number of employees during the year was: 2024 Number 2023 Number Employment costs 2024 2023 Wages and salaries 11.001 10.288 The pay increase was agreed by the PCC at a general meeting. There were no employees whose annual remuneration was more than £60.000. 12 Net gain51{losses) on investments Restrlcted Unrestricted Restricted funds funds funds Total 2024 2023 2023 2023 Revaluation of Investments Gainl(lossl on sale of investments 784 127 1.106 1.383 2.489 911 1,106 1,383 2,489 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 2024 12 Net gainsl(losses) on investments {Continued) The net gain on the investment of £784 (2023: £2.489), as detailed within noie 15, is due to the improved general market conditions compared to the prior year. Durin9 the year the trustees mad8 the decision to sell 239 of its CCLA Investment Fund shares {formerly known as the COIF Investment Fund) for a consideration of £4.827 resulting in a net gain on sale of £84. No shares were held at the balance sheet date with respect to this inveslment fund. The trustees also made the decision to sell 85 shares held in the CCLA investrnent fund (formerly known as the CBF Investment Fund) for a consideration of £1,967 rgsutting in a nèt gain on sale of £43. 1,516 shares weré still held at the balance sheet date. 13 Taxatlon The charity is exempt from taxation on its aclivities because all its income is applied for charitable purposes. 14 Tangible flxad assets Land & Fixtures and bultdSng8 fittings Tot•1 Cost At 1 January 2024 50,687 13.227 63.914 At 31 December 2024 50.687 13,227 63,914 Depreciation and Impairment At 1 January 2024 Depreciation charged in the year 21,724 5,793 8.286 1,236 30.010 7.029 At 31 December 2024 27,517 9.522 37.039 Balance sheet value At 31 December 2024 23,170 3,705 26,875 At 31 December 2023 28,963 4,941 33,904 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 2024 1 S Fixed asset investments Unlisted investments Cost or valuation At 1 January 2024 Valuation Changes Disposals 40,933 784 (6,6661 At 31 Decèmber 2024 35,051 Balance Sheet value At 31 December 2024 35,051 At 31 December 2023 40,933 Income 2024 Valuation Valuation 2024 2023 Investrnents at fair value represents: COIF Charities Investment Fund CBF Investment Fund 109 991 4,743 36,190 35,051 1,10J 35,051 40,933 16 Stocks 2024 2023 Raw materials and consumables 1.672 17 Debtors 2024 2023 Amounts falllng due within one year: Trade debtors Sundry debtors Prepayments Accrued income - GiftAld 2,275 3,fM3 6,005 9,000 741 3,660 6.438 11.451 20.323 22,290 Accrued income Gift Aid of £9,000 (2023= £11.451): included in accnjed income in the prior year were arnounts received in F8bruary 2024 totalling £7.451. The CLtrrent year represents an amount accrued of £9,000 (2023=£4,0001 to account for tho estimated additional Gift Aid yet to be claimed for donations received before 31 December 2024. 17-
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 2024 18 Creditors: amounts falling due within one yoar 2024 2023 Other creditors and accruals Deposits held 3,999 200 5,882 200 4,199 6,082 18-
a)<5>004)rr r O Lr) ¢0 u> * ¢0 Lrj Ln ¢1 co 0> £¥1 ¢D-ry 7>Ol oov O thj iy) ri) (N fQ v O) f•1 Ln CN 0> O CO O) 4* CO O) CW CY) P- I trir&rOO 41 {S)(01000)LntrNr--ts a) o m r Ln Ln tJJ ¢0 I)1 Ln e4 1 rTh11000trOOv¢pO(Q O)£ll In rfj (o ¢r) ¢n oJa)c%>rJi
(D (Y ¢XJ r (D ro (00 O t3} crc
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 2024 21 Analysls of net assets between funds Unrestricted Restrlcted funds fund5 2024 2024 Totsl Unrestricted Restrlcted funds funds 2023 2023 Total 2024 2023 Fund balances at 31 December 2024 are represented by: Tangible assets Investments Current assetsl(liabiliiies) 3,705 23,170 35,051 42.024 26.875 35,051 47,567 1,505 32,399 40,933 38.705 33,904 40,933 48.613 5.543 9.908 9,248 100,245 109.493 11.413 112.037 123.450 22 Related party transactions During the year the Parish incurred costs for which Hurley Church Eststes. an entity in whith Iwo of the trustees of the Parish are also trustees, provlded grants totalling £19,612 (2023.. £14,040}. There were no other disclosable related paty transactions during the year (2023 - none). -21-