Parochial Church Council
of
United Parish of St Andrew’s - Chinnor, St Mary’s – Sydenham, St Peter & St Paul – Aston Rowant and Nativity of the Blessed Virgin Mary – Crowell
Annual Report and Financial Statements
for year ended 31 December 2023
Parochial Church Council of United Parish of St Andrew’s - Chinnor, St Mary’s - Sydenham, St Peter & St Paul - Aston Rowant and Nativity of the Blessed Virgin Mary - Crowell 31 December 2023
Contents
| Page | |
|---|---|
| Legal and Administration | 2 |
| Annual Report of the Parochial Church Council | 3-5 |
| Independent Examiner’s Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Statement of Cash Flows | 9 |
| Notes forming part of the financial statements | 10-17 |
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Parochial Church Council of United Parish of St Andrew’s - Chinnor, St Mary’s - Sydenham, St Peter & St Paul - Aston Rowant and Nativity of the Blessed Virgin Mary - Crowell 31 December 2023
Legal and Administration
Parochial Church Council
The Trustees, members of the PCC who have served at any time from 1 January 2023 until the date this report was approved, are:
Rector: Rev’d Dr. Jacky Barr Churchwardens: Chinnor: Mike Ashdown, Robert Pegg, Sydenham: Fiona Kermack, Roy Harrison Aston Rowant: Richard Boarder Crowell: Maggs Warman, Andy Warman
Representatives on Deanery Synod:
Lauretta Milligan, Andrea Oughton, Margaret Poole
Elected Members:
Sue Ashdown, David DeVal, Grace Gibbs, Jackie Griffiths, Gilly Harrison, Pat Haywood, Mark Humphrey, Nicholas Milligan, Tricia Prescott, Adele Stancliffe, Sue Wright, Tessa Wyatt
Co-opted Members: Mark Prescott – PCC Secretary, Michael De Val – Treasurer, Mark Humphrey – Treasurer, Michael Powell - Treasurer
Address:
St Andrew’s Church Church Road Chinnor, Oxon OX39 4PG
Bankers:
CAF Bank Ltd 25 Kings Hill Avenue Kings Hill, West Malling, Kent ME19 4JQ
Lloyds Bank plc 1 Market Square Aylesbury Bucks HP20 1TD
Investment Managers:
CCLA Investment Management Limited The CBF Church of England Funds 80 Cheapside, London EC3V 6DZ
Independent Examiner
Heather Emerson
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Charity registration number:
1142316
Parochial Church Council of United Parish of St Andrew’s - Chinnor, St Mary’s - Sydenham, St Peter & St Paul - Aston Rowant and Nativity of the Blessed Virgin Mary - Crowell 31 December 2023
Annual Report of the Parochial Church Council (PCC)
The members of the PCC submit their annual report and financial statements for year ended 31 December 2023. The PCC has adopted the provisions of the Charities Statement of Recommended Practice (SORP) (FRS 102) issued by the Charity Commission in preparing the annual report and financial statements of the Parish and comply with the Church Accounting Regulations 2006 and the Charities Act 2011. More detailed information about all aspects of the life of the Parish is included in the Rector’s Report for the Annual Parochial Church Meeting (APCM).
Background
The PCC registered with the Charity Commission on 8 June 2011 under the name The Parochial Church Council of the Ecclesiastical Parish of St Andrews Chinnor. The PCC has the responsibility of co-operating with the Rector in promoting in the ecclesiastical Parish, the whole mission of the Church, pastoral, evangelistic, social, and ecumenical. It also has maintenance responsibilities for the churches of St Andrew’s- Chinnor, St Mary’s - Sydenham, St Peter & St Paul - Aston Rowant and Nativity of the Blessed Virgin Mary - Crowell.
Membership of the PCC
Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting in accordance with the Church Representation Rules. Retired clergy are thanked for sometimes attending PCC meetings.
Structure
The PCC operates through committees, which meet between the full meetings of the PCC as necessary.
Parishioners
There are 124 parishioners on the Church Electoral Roll.
Review of the year
The full PCC met six times during the year, with an average attendance of 85 %. In between meetings of the full PCC, meetings were held at each of the four churches to discuss local matters.
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Parochial Church Council of United Parish of St Andrew’s - Chinnor, St Mary’s - Sydenham, St Peter & St Paul - Aston Rowant and Nativity of the Blessed Virgin Mary - Crowell 31 December 2023
Finance review of the year
Financial statements are shown on pages 7 to 9 and include Statement of Financial Activities (SOFA) for year ended 31 December 2023, Balance Sheet of 31 December 2023 and Statement of Cash Flows for year ended 31 December 2023. Accompanying notes are shown on pages 10 to17.
Statement of Financial Activities (SOFA) on page 7 shows Income and Expenditure for 2023 separated between Unrestricted Funds, Restricted Funds and Endowment Funds. The compositions of the Funds and individual lines of income and expenditure are commented on below.
Unrestricted Funds consists of General Fund and Designated Fixed Tangible Assets Fund. Total income for 2023 was £118,117 compared to £138,493 in 2022. The £20,376 decrease in income mainly reflected the legacy of £32,694 given in 2022 to the parish under the will of the late Una Davis. PCC is grateful the congregations maintained a high level of income from stewardship giving and collections in 2023 at £78,147 compared to £78,008 in 2022. In addition, there was helpful increase in income from Rents, Church Fees and Investment income to £23,785 compared to £19,142 in 2022.
Unrestricted Funds are responsible for paying most of the different types of expenditure shown in SOFA. Total expenditure for 2023 was £130,064 compared to £127,015 for 2022. Depreciation charge £8,076 for 2023 was £233 higher than the charge for 2022, as additional capital plant and equipment costing £2,334 was purchased during 2023.
Unrestricted Funds pays the Parish Share. Deanery requested £69,340 Parish Share to be paid for 2023. That amount was fully paid.
General Fund represents Parish’s working capital to fund periodic fluctuations between normal operating income and costs. Two months of operating costs is widely considered the level of working capital a Parish normally requires. Two months operating costs is equivalent to approximately £22,000. Given the General Fund on 31 December 2023 is only £30,934, PCC considers future years should limit future net deficits for Unrestricted Funds to accumulate to no more than £8,934.
Unrestricted Funds Net deficit £11,947 for 2023 resulted in £6,205 decrease in the General Fund from £37,139 at the end of 2022 to £30,934 at the end of 2023 and a £5,742 decrease in the Designated Fixed Tangible Assets Fund from £134,884 at the end of 2022 to £129,142 at the end of 2023.
Fundraising activities and actions to raise incomes for Unrestricted and Restricted Funds continued throughout 2023. Friends of St Andrew’s Church, Chinnor was very active in maintaining the local community’s interest in the parish’s work. PCC held appeal days to raise funds for helping relief to major disasters abroad.
Restricted Funds income and expenditure shown in Statement of Financial Activities reflects the varied activities for twenty-four restricted funds that are detailed in Note 18 on page 16. Total income for 2023 was £62,646, which mainly reflected generous grants and donations amounting to £12,206 for Children and Youth Worker Fund and £25,987 for Chinnor Fabric Fund. In addition, a legacy from the late Mike Gorton was left to St Peter & St Paul, Aston Rowant as £10,000 for the Fabric Fund. PCC is grateful for the quick response from congregations in giving donations and associated gift aid income tax recoverable amounting to £312 to the Parish Magazine Support Fund.
Chinnor Church Hall is a restricted fund and in 2023 income £5,947 was exceeded by £11,513 expenditure due to major improvement to the seating.
Restricted Funds total expenditure for 2023 was £75,142 which mainly reflected the high expenditure of £47,270 for repairing the fabric and churchyard of St Andrew’s, Chinnor.
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31O•¢•ffl 2•23 t} Churr rf ErylMI FMJ trle £8.873 m SOFA 2023 4w8 £14Y,948 LXn1od lo £187.475 at 31 Oec•rtw 2WQ. e • •KI fw view of tr* state cl affalrs ol the PCC th• lx PCC l(x tr•1 +++
Parochial Church Councll of Unlted Parfsh of St Andrews- Chinnor, St MatYs- Sydenham. st Petsr & St Paul - Aston Rowant and Nativity of the Blossed Virgln Mary- Crowell 31 DKember 2023 I reFrfJt on the finanaal statements of the Parochiai Chwth Council for the year and8d 31 DeG8mber 2023. Resp#dlva responsibilities of the PCC and examlner The m&mbers of Ihe P8rochk31 Church Cwncil are resp)rsible for preparation of financial statements f( each financial year which gives a true and fair view of the state of affairs of the Parothial Church Council and of the surplus or deficit of the Parochial Church Coun(xl for Ihat period. In preparfng those financial ststements, the members of the Parochial Church Counc41 are required to: sdect suitable accounting pcdicies and appty them consistently, make judgemerts a1 estimates thal are reasonable and prudent. state whèther applicable accounting standards statements of recommended pradice have been followed, suty'ect to any departure5 disck)sed and explained in the fin8nchql statements. and prepare the financial statemonts on the goinwncern basis unless it is inwropriate to presume that the Parochid Churth Coundl will continue in operatioThal existence. Th6 members of the Paroch Churth CouncFI are reswisible lor keepirNJ propgr accounting records whith disdose wth r&qgonabbe a(XraCY at any time the financial [KIson of the Parochial Church Council 8nd to enable them to ensure that the financial statements comply with the Churth Accounting ReguLgtions 2006 and the Charities Act 2011. They are also respsIble safeguardirKJ the assets of the Parochial Church Counal and hen(* for taking reasonable steps for the prevention and deltiOn of fraud and other irregularities. The Parcthial Churth Council ConderS thal an audit is not required for this period und8r sedion 144{2) of the Charitie5 Ad 2011 (the 2011 Act) and that an independent exaMInatK is needed. It is the examiner's re¥m)nSiENty to: examine the financial statements in accordan wih the Church Accounting Regutalions 2006 and {under section 145 of the 2011 Act). follow the prLKedures laid down in the General DireCtS given by the Charfty Commissioners (under section 145{5llbl of the 2011 Act); and stale whether p8rtMxlar mattets h8ve come to my attention. Basls of independent gxaminerfs sLitement My examination was carried out in acu¥dance wth the General Ditecli¢Ms gtven by the Charity Commissioners and the Church Guidance. 2006 edition. An examination includes a reeW of the accounting records kept by the PCC a1 a comparison of the finanryal statements presented with those recx)rds. It also includes considerab'on of any unusual items or disclosures in the financial slatements and seeking expEanats"on5 from you as members of the PCC 1X)nM4)g any such matters. The procedures undertaken do noi provtde all the evKlence that would be required Hi an aj61. and conSequenY I do not express an audit winion on the view gNen by the financaal slatements. Independent examlnefs stalemgnt In nnectIOn vrith my examination. no matter has come to my altention: 1. which gives me reasonable (au5e to believe that in any matsrial respect the reqU1Ments. to keep accounlir¥J recgtds in accord wilh Ihe Church Accounting Regulalims 2006 and section 130 of the 2011 Ac( and to prepare financaal statements whth aCcrd with the accounting racc and to comply with the accounting requirements of the 2011 Ad have not been meL or 2. to which, in my opinion. attention should be dravm in order to enabte a PTop8r undwslanding of the financial statements to be reached. Date Independent Examiner
Parochial Church Council of United Parish of St Andrew’s - Chinnor, St Mary’s - Sydenham, St Peter & St Paul - Aston Rowant and Nativity of the Blessed Virgin Mary - Crowell 31 December 2023
Statement of Financial Activities (SOFA) for year ended 31 December 2023
| Notes Income Stewardship giving 2 Collections and other donations Fundraising & trading 3 Specific donations 4 Legacy Chinnor Church Hall Rents 5 Church Fees Investment income 6 Investment net gains / (losses) 13 Total Income Expenditure Parish Share for Diocese Chinnor Church Hall The Ministry 7 Annual Missions and charitable donations Upkeep of Services 8 Administration 9 Building running costs 10 Churchyards & car parks Miscellaneous 11 Depreciation 12 Total Expenditure Net (deficit) / surplus Fund balances at 1 January 18 Fund balances at 31 December 18/19 |
Unrestricted Funds Restricted Funds Endowment Funds Total Funds 2023 Total Funds 2022 £ £ £ £ £ 69,018 - - 69,018 69,486 9,129 - - 9,129 8,719 2,279 3,255 - 5,534 5,744 7,406 40,687 - 48,093 51,766 6,500 10,000 - 16,500 44,185 - 5,947 - 5,947 5,971 6,185 - - 6,185 6,160 15,040 - - 15,040 12,281 2,560 2,757 - 5,317 3,443 - - 8,673 8,673 (12,160) |
|---|---|
| 118,117 62,646 8,673 189,436 195,595 |
|
| 69,340 - - 69,340 67,980 - 11,513 - 11,513 9,374 2,098 - - 2,098 2,843 - 1,841 - 1,841 3,252 3,591 - - 3,591 3,401 9,742 312 - 10,054 12,352 30,638 49,140 - 79,778 77,825 2,262 1,826 - 4,088 1,698 4,317 10,510 - 14,827 8,155 8,076 - - 8,076 7,843 |
|
| 130,064 75,142 - 205,206 194,723 |
|
| (11,947) (12,496) 8,673 (15,770) 872 172,023 155,659 92,195 419,877 419,005 |
|
| 160,076 143,163 100,868 404,107 419,877 |
All above results are derived from continuing activities. All gains and losses recognised in the year are included above. The accompanying notes on pages 10 to 17 are an integral part of these financial statements
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Parochlal Church Councll of Unlted Parlsh of St Andrew's - Chlnnor. St Mary's - Sydenham. St Peter & St Paul - Aston Rowant and Nativity of the BI•s3ed Virgin Mary- Crowell 31 December 2023 Balance Sheet 31 December 2023 2023 zozz Fixed assets Tangible assets Investments 12 13 129,142 IW.868 134,884 92,195 230,010 227,079 Current assets Debtors Short temi depostts Cash at bank and In hand Chinnor Church Hall Cash at'bank & in hand 14 15 16 18,849 114,722 47,275 2.951 30,884 54,493 ICA,465 8,517 183,797 198.359 Credltors: amounts falling due within one year 17 19,7001 15.5611 Net current assets 174,097 192,798 Net assets 404,107 419,877 Fund5 Unrestrlrted General Designated Fixed Tangible Assets 18119 18119 30,934 129.142 37,139 Total Unrestricted 160.076 172.023 Restricted 18119 143,163 155.659 Pemianent End(rent 18119 1Tr),868 92,195 Total funds 404,107 419.877 The accompanying notes on pages 10 to 17 are an integral part of these financial statements. The Annual Report and Financial Ststements for the year ended 31 Dmber 2023 were approved and authorised for issue by the Parochial Church Council on 21 Jun 25 and signed on their behalf by- M B Powell Treasurer
Parochial Church Council of United Parish of St Andrew’s - Chinnor, St Mary’s - Sydenham, St Peter & St Paul - Aston Rowant and Nativity of the Blessed Virgin Mary - Crowell 31 December 2023
Statement of Cash Flows for year ended 31 December 2023
| (a) Net cash (outflow) / inflow from operating activities (see (b)) Investment income Capital plant and equipment for churches (Decrease) of cash in the year |
2023 £ (5,510) 5,317 (2,334) (2,527) |
2022 £ 1,856 3,443 (6,908) |
|---|---|---|
| (1,609) |
| (b) | Reconciliation of net (deficit) / surplus for the year to net cash (outflow) / inflow from operating | Reconciliation of net (deficit) / surplus for the year to net cash (outflow) / inflow from operating | |
|---|---|---|---|
| activities | |||
| 2023 | 2022 | ||
| £ | £ | ||
| Net (deficit) / surplus | (15,770) | 872 | |
| Less: Investment income | (5,317) | (3,443) | |
| Less: (Investment gains) / Add: Investment losses | (8,673) | 12,160 | |
| Add: Depreciation charges | 8,076 | 7,843 | |
| Decrease in Debtors / (Increase) in Debtors | 12,035 | (15,610) | |
| Increase in Creditors | 4,139 | 34 | |
| Net cash (outflow) / inflow from operating activities | (5,510) | 1,856 | |
| (c) | Reconciliation of (decrease) / increase of cash in the year to movement in net cash funds | ||
| 2023 | 2022 | ||
| £ | £ | ||
| (Decrease) of cash in the year (see (a)) | (2,527) | (1,609) | |
| Net cash funds at 1 January | 167,475 | 169,084 | |
| Net cash funds at 31 December | 164,948 | 167,475 |
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Parochial Church Council of United Parish of St Andrew’s - Chinnor, St Mary’s - Sydenham, St Peter & St Paul - Aston Rowant and Nativity of the Blessed Virgin Mary - Crowell 31 December 2023
1. Accounting Policies
1.1 Accounting convention
The statements have been produced under the historical cost convention except for the valuation of investment assets, which are shown at market value. The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities SORP.
1.2 Funds
General funds represent the funds of the church that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC.
Designated funds comprise of unrestricted funds that have been set aside by the Board of Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the church for particular purposes.
Permanent endowments represent capital that must be kept permanently by the PCC. These include: Benton Bequest, a permanent endowment, which provides income to be used for the maintenance of St. Andrew's church and churchyard, and for any surplus income to be applied at the discretion of the PCC; and Elsie Pullen Bequest, a permanent endowment, which provides income that has to be used solely for the maintenance of Sydenham churchyard.
1.3 Coverage
The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do include the Chinnor Church Hall but 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.
1.4 Income
Voluntary Income and Capital Sources
Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under covenant or gift aid is recognised only when received. Income Tax recoverable on covenants or gift aid donations is recognised when the income is recognised. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and there is certainty of the amount due.
Funds raised by fetes, garden parties or similar events are accounted for gross. Sale of guide books and parish magazines from the church bookstall are accounted for gross.
Other Ordinary Income
Dividends and interest are accounted for when receivable. Tax recoverable on such income is recognised in the same accounting year.
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Parochial Church Council of United Parish of St Andrew’s - Chinnor, St Mary’s - Sydenham, St Peter & St Paul - Aston Rowant and Nativity of the Blessed Virgin Mary - Crowell 31 December 2023
1.5 Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
1.6 Investments
Investments are stated at market value on the balance sheet date. The SOFA includes the realised gains or losses that are recognised when investments are sold and the unrealised gains or losses that are accounted for on revaluation of investments at 31st December.
1.7 Grants
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.
1.8 Fixed Assets
Consecrated Land and Buildings and Moveable Church Furnishings
Consecrated and beneficed property is excluded from the accounts by s.96 (2) (a) of the Charities Act 1993. No value is placed on moveable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal, since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and moveable church furnishings, whether maintenance or improvement, is written off as expenditure on the SOFA separately disclosed.
Unconsecrated land and buildings
The insured value of the building’s element of an unconsecrated property is depreciated on a straight-line basis over 50 years.
Capital plant and equipment for the churches
Capital plant and equipment for the churches is depreciated on a straight-line basis over ten years.
Other Fixtures, Fittings and Office Equipment
Other fixtures, fittings and office equipment used within the church premises is depreciated on a straight-line basis over four years.
1.9 Current Assets
Amounts owing to the PCC at 31st December in respect of legacies, fees, income tax recoverable, rents or other income are shown as debtors, less provision for amounts that may prove uncollectable.
Short-term deposits include cash held on deposit either with the CBF Church of England Fund or an approved bank.
1.10 Current Liabilities
Liabilities consist of mission commitments and liabilities owed to any third party.
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Parochial Church Council of United Parish of St Andrew’s - Chinnor, St Mary’s - Sydenham, St Peter & St Paul - Aston Rowant and Nativity of the Blessed Virgin Mary - Crowell 31 December 2023
2. Stewardship giving
| Stewardship giving Income tax recoverable ndraising & Trading Social activities, Fetes & Markets Bookstall pecific Donations St Andrew’s Gift Day Children’s and Youth Worker Fund General Fund Chinnor Organ Fund Chinnor Fabric Fund Chinnor Discretionary Fund Chinnor Choir Fund Chinnor Flower Fund Sydenham Fabric Fund Aston Rowant Fabric Fund Aston Rowant Village School Fund Aston Rowant Churchyard Fund Crowell Fabric Fund Parish Magazine Support Fund Education, Youth & Child Fund Chinnor Churches Go Wild Fund Appeals Diocesan Energy Grant ents Sydenham School Room Sydenham School House Land at Aston Rowant and Crowell |
Unrestricted Restricted Endowment Total Funds 2023 Total Funds 2022 £ £ £ £ £ 53,600 - - 53,600 54,212 15,418 - - 15,418 15,274 |
|---|---|
| 69,018 - - 69,018 69,486 |
|
| Unrestricted Restricted Endowment Total Funds 2023 Total Funds 2022 £ £ £ £ £ 2,264 3,255 - 5,519 5,704 15 - - 15 40 |
|
| 2,279 3,255 - 5,534 5,744 |
|
| Unrestricted Restricted Endowment Total Funds 2023 Total Funds 2022 £ £ £ £ £ - - - - 1,001 - 12,206 - 12,206 8,000 7,406 - - 7,406 3,598 - 115 - 115 308 - 21,740 - 21,740 19,628 - - - 1,760 80 95 - - - 1,760 80 95 2,706 1,836 50 - 920 - 920 586 - 200 - 200 7,206 - - - - 300 - 1,000 - 1,000 896 - 122 - 122 - - 312 - 312 301 - - - - - - 1,557 - - - - - - - 1,557 - 552 119 1,551 3,128 |
|
| 7,406 40,687 - 48,093 51,766 |
|
| Unrestricted Restricted Endowment Total Funds 2023 Total Funds 2022 £ £ £ £ £ 100 - - 100 100 6,060 - - 6,060 6,035 25 - - 25 25 |
|
| 6,185 - - 6,185 6,160 |
3. Fundraising & Trading
4. Specific Donations
5. Rents
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Parochial Church Council of United Parish of St Andrew’s - Chinnor, St Mary’s - Sydenham, St Peter & St Paul - Aston Rowant and Nativity of the Blessed Virgin Mary - Crowell 31 December 2023
6. Investment income
| Deposit interest Benton bequest investment dividend Elsie Pullen bequest investment dividend |
Unrestricted Restricted Endowment Total Funds 2023 Total Funds 2022 £ £ £ £ £ 2,560 - - 2,560 701 - 2,703 - 2,703 2,688 - 54 - 54 54 |
|---|---|
| 2,560 2,757 - 5,317 3,443 |
7. The Ministry
| Rector’s expenses Assistant clergy expenses keep of Services Altar requisites Service books & music Organ & piano tuning Organist fees |
Unrestricted Restricted Endowment Total Funds 2023 Total Funds 2022 £ £ £ £ £ 1,531 - - 1,531 1,961 567 - - 567 882 |
|---|---|
| 2,098 - - 2,098 2,843 |
|
| Unrestricted Restricted Endowment Total Funds 2023 Total Funds 2022 £ £ £ £ £ 811 - - 811 759 770 - - 770 762 1,310 - - 1,310 1,210 700 - - 700 670 |
|
| 3,591 - - 3,591 3,401 |
8. Upkeep of Services
9. Administration
| Administrator Copying & printing Stationery and software Telephone and internet |
Unrestricted Restricted Endowment Total Funds 2023 Total Funds 2022 £ £ £ £ £ 5,717 - - 5,717 6,482 1,491 312 - 1,803 2,984 1,602 - - 1,602 2,047 932 - - 932 839 |
|---|---|
| 9,742 312 - 10,054 12,352 |
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Parochial Church Council of United Parish of St Andrew’s - Chinnor, St Mary’s - Sydenham, St Peter & St Paul - Aston Rowant and Nativity of the Blessed Virgin Mary - Crowell 31 December 2023
10. Building running costs
| Building maintenance Energy & water Insurances Sydenham School House Chinnor Fabric Fund Crowell Fabric Fund Aston Rowant Fabric Fund |
Unrestricted Restricted Endowment Total Funds 2023 Total Funds 2022 £ £ £ £ £ 4,482 - - 4,482 5,655 11,072 - - 11,072 15,923 12,026 - - 12,026 11,124 3,058 - - 3,058 1,690 - 47,270 - 47,270 25,047 - 1,870 - 1,870 - - - - - 18,386 |
|---|---|
| 30,638 49,140 - 79,778 77,825 |
11. Miscellaneous
| Children’s and Youth Worker REinspired Fund Education Youth & Child Fund Copyright licenses & subscriptions Sundries Bank charges Accounting services Independent examiner |
Unrestricted Restricted Endowment Total Funds 2023 Total Funds 2022 £ - £ 10,129 £ - £ 10,129 £ 6,634 - - - - 29 - 336 - 336 239 224 - - 224 191 3,318 45 - 3,363 916 75 - - 75 146 200 - - 200 - 500 - - 500 - |
|---|---|
| 4,317 10,510 - 14,827 8,155 |
12. Fixed Tangible Assets
| Gross Valuation at 1 January 2023 Additions at 31 December 2023 Depreciation at 1 January 2023 Charge for year at 31 December 2023 Net Book Values at 31 December 2023 at 31 December 2022 |
School Room Sydenham School House Sydenham St. Andrew’s Church Hall Agricultural land with Aston Rowant and Crowell Capital plant and equipment Total £ £ £ £ £ £ 90,562 51,390 90,000 2,200 32,040 266,192 - - - - 2,334 2,334 |
|---|---|
| 90,562 51,390 90,000 2,200 34,374 268,526 |
|
| 47,086 26,723 46,797 - 10,702 131,308 1,811 1,028 1,800 - 3,437 8,076 |
|
| 48,897 27,751 48,597 - 14,139 139,384 |
|
| 41,665 23,639 41,403 2,200 20,235 129,142 43,476 24,667 43,203 2,200 21,338 134,884 |
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Parochial Church Council of United Parish of St Andrew’s - Chinnor, St Mary’s - Sydenham, St Peter & St Paul - Aston Rowant and Nativity of the Blessed Virgin Mary - Crowell 31 December 2023
(12. Fixed Tangible Assets continued)
The gross valuations of the buildings are based upon values for insurance purposes, as they are considered to be a fair estimate of the current value of the properties. Depreciation is charged at 2% per year on the buildings and 10% per year on the capital plant and equipment installed in the churches. The agricultural land has been valued on the basis of a 7% income yield and has not been depreciated.
13. Investments
| Benton Bequest Elsie Pullen Bequest |
Balance at 1 January 2023 Unrealised gains on revaluation Balance at 31 December 2023 £ £ £ 90,394 8,504 98,898 1,801 169 1,970 92,195 8,673 100,868 |
|---|---|
The investments consisted of units of the Central Board of Finance Church of England Investment Fund – Income shares that are held by the Diocesan Trustees (Oxford) Limited on behalf of the PCC.
14. Debtors
| ebtors | |
|---|---|
| Legacy receivable Income tax recoverable PAYE due from HMRC Insurances pre-paid Accounts receivable |
Unrestricted Restricted Endowment Total 2023 Total 2022 £ 2,694 £ - £ - £ 2,694 £ 12,694 15,418 - - 15,418 15,304 274 - - 274 452 463 - - 463 773 - - - - 1,661 |
| 18,849 - - 18,849 30,884 |
15. Short Term Deposits
| CAF Deposit CCLA CBF Church of England Virgin Money Deposit |
Unrestricted Restricted Endowment Total 2023 Total 2022 £ £ £ £ £ 66,327 - - 66,327 10,250 48,395 - - 48,395 44,242 - - - - 1 |
|---|---|
| 114,722 - - 114,722 54,493 |
16. Cash at Bank and in Hand
| CAF Current Account Lloyds Current Account Cash in Hand |
Unrestricted Restricted Endowment Total 2023 Total 2022 £ £ £ £ £ 23,473 - - 23,473 68,583 23,801 - - 23,801 33,241 - - - - 2,641 |
|---|---|
| 47,274 - - 47,274 104,465 |
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Parochial Church Council of United Parish of St Andrew’s - Chinnor, St Mary’s - Sydenham, St Peter & St Paul - Aston Rowant and Nativity of the Blessed Virgin Mary - Crowell 31 December 2023
| 17. Creditors: Amounts falling due within one year | 17. Creditors: Amounts falling due within one year | 17. Creditors: Amounts falling due within one year | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||
| 2023 | 2022 | |||||
| £ | £ | £ | £ | £ | ||
| Accounts payable | - | - | - | - | 4,019 | |
| Sundry creditors | 9,700 | - | - | 9,700 | 1,542 | |
| 9,700 | - | - | 9,700 | 5,561 | ||
| 18. Movement on Funds | ||||||
| Balance | Income | Expenditure | Net surplus | Capital | Balance | |
| 1 | / (deficit) | Expenditure | 31 | |||
| January | December | |||||
| 2023 | 2023 | |||||
| £ | £ | £ | £ | £ | £ | |
| Unrestricted Funds: | ||||||
| General | 37,139 | 118,117 | (121,988) | (3,871) | (2,334) | 30,934 |
| Designated Fixed Tangible Assets | 134,884 | - | (8,076) | (8,076) | 2,334 | 129,142 |
| Sub Total | 172,023 | 118,117 | (130,064) | (11,947) | - | 160,076 |
| Restricted Funds: | ||||||
| Aston Rowant Churchyard | 5,653 | 1,000 | (1,826) | (826) | - | 4,827 |
| Aston Rowant Fabric | 26,929 | 10,200 | - | 10,200 | - | 37,129 |
| Aston Rowant Village School | 300 | - | - | - | - | 300 |
| Aston Rowant General | 6,362 | - | - | - | - | 6,362 |
| Chinnor Church Hall | 8,518 | 5,947 | (11,513) | (5,566) | - | 2,952 |
| Chinnor Discretionary | 6,042 | 1,760 | (284) | 1,476 | - | 7,518 |
| Chinnor Churches Go Wild | 860 | - | - | - | - | 860 |
| Chinnor Fabric | 31,613 | 25,987 | (47,270) | (21,283) | - | 10,330 |
| Chinnor Flower | 3,032 | 95 | (45) | 50 | - | 3,082 |
| Chinnor Choir | 1,911 | 80 | - | 80 | - | 1,991 |
| Chinnor Organ Restoration | 6,880 | 115 | - | 115 | - | 6,995 |
| Crowell Fundraising | 164 | - | - | - | - | 164 |
| Crowell Fabric | 2,982 | 122 | (1,870)- | (1,748) | - | 1,234 |
| Crowell General | 4,838 | - | - | - | 4,838 | |
| Sydenham Churchyard | 748 | 54 | - | 54 | - | 802 |
| Sydenham Fabric | 14,009 | 2,631 | - | 2,631 | - | 16,640 |
| Sydenham Fabric & Churchyard | 10,000 | - | - | - | - | 10,000 |
| Sydenham General | 21,792 | - | - | - | - | 21,792 |
| Sydenham Choir Fund | - | 580 | - | 580 | 580 | |
| Appeals | - | 1,557 | (1,557) | - | - | - |
| Education, Youth & Child | 336 | - | (336) | (336) | - | - |
| Children and Youth Worker | 1,366 | 12,206 | (10,129) | 2,077 | 3,443 | |
| REinspired | 1,324 | - | - | - | - | 1,324 |
| Parish Magazine Support | - | 312 | (312) | - | - | - |
| Sub Total | 155,659 | 62,646 | (75,142) | (12,496) | - | 143,163 |
| Unrealised | ||||||
| Permanent Endowments: | Gains | |||||
| Benton Bequest | 90,394 | - | - | - | 8,504 | 98,898 |
| Elsie Pullen Bequest | 1,801 | - | - | - | 169 | 1,970 |
| Sub Total | 92,195 | - | - | - | 8,673 | 100,868 |
| Total Funds | 419,877 | 180,763 | (205,206) | (24,443) | 8,673 | 404,107 |
16
,
Parochial Church Council of United Parish of St Andrew’s - Chinnor, St Mary’s - Sydenham, St Peter & St Paul - Aston Rowant and Nativity of the Blessed Virgin Mary - Crowell 31 December 2023
19. Analysis of Funds as represented by Net Assets
| Fixed tangible assets Investments Net current assets |
Unrestricted General Fund Designated Funds Restricted Funds Permanent Endowments Total 2023 Total 2022 £ £ £ £ £ £ 129,142 - - 129,142 134,884 - - - 100,868 100,868 92,195 30,934 - 143,163 - 174,097 192,798 |
|---|---|
| 30,934 129,142 143,163 100,868 404,107 419,877 |
17