**Charity registration number 1154645**
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST CHURCH LITTLE MISSENDEN**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST CHURCH LITTLE MISSENDEN**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Parochial Church Council**
Rev. John Simpson Gareth Beynon Marian Dickinson Gloria Haynes John Lamb Helen M Tolmie-Thomson Dr. Catherine Elphinstone Jonathan Jones Mr A Mote (Appointed 12 July 2023)
## **Charity number**
1154645
**Independent examiner**
Rouse Partners LLP 55 Station Road Beaconsfield Buckinghamshire HP9 1QL
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST CHURCH LITTLE MISSENDEN**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees report|1 - 4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the financial statements|8 - 15|
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST CHURCH LITTLE MISSENDEN**
## **TRUSTEES REPORT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
The Parochial Church Council present their annual report and financial statements for the year ended 31 December 2023.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Council's governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016)
## **Objectives and activities**
The Council's objects are, as defined by the Parochial Church Council (Powers) Measure 1956, 'to co-operate with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical'.
Little Missenden Parish aims to enhance the spiritual welfare of our people and communities, practising hospitality by being an 'Open House' all day every day for everyone. We desire to be an inclusive, compassionate, affirming presence at the heart of our community, to practise forgiveness, to demonstrate love in action, to point sacramentally to eternal themes and kingdom values, not least in evoking beauty and mystery in our worship, in topical, challenging preaching, in practising hospitality, in being God's Family.
The church relies on the voluntary work of many people within the church and the PCC very much appreciate their service to the church and the local community.
## **Achievements and performance**
The electoral roll was 130 (2022: 133) and the median adult attendance on Sundays was 47 (2022: 45).
- 1 -
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST CHURCH LITTLE MISSENDEN**
## **TRUSTEES REPORT (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **Financial review**
In 2023 St John the Baptist, Little Missenden received three legacies, one substantial, that have given the church a degree of security in challenging financial times. Ultimately it is hoped these legacies will be able to provide seed money to begin necessary renovations on the church organ, which is in dire need of a major over haul, as well improvements to the vestry and various other smaller necessary renovations and improvements. Legacies amounted to £119,250 including one of £5,000 restricted to further investigation of the wall paintings.
This year credit card donations increased by £1,484 and we have a new card reader from Payaz using Sum up with additional charitable giving choices. We hope it will raise revenue further. It was installed late in the year and as yet it is not possible to give a full account of any increase from its usage. Parish Giving and corresponding gift aid was up £1,720. Gift aided donations by other means was also up by £1,208 (Regular standing orders and one off debit card donations).
Cream Teas continue to play a big role in our fund raising and a sum of £4,807 was raised this year with a particularly successful period during the National Garden Festival weekend. However, when including all other donations from all sources (wall safe, collections, etc.) total donations were down to £56,937 (2022:£58,594). This is partly a result of successful fund raising during the Patronal festival in 2022. Our fund raising activities (including cream teas) were down to £5,221(2022: £ 9,869).
Parochial activities including wedding, funerals and ashes were up to £9,463 (2022: £7,468) gross of payments to the Diocese.
Expenditure in the year rose by £6,199 to £103,704 (2022: 97,505).
Parish Share, by far our biggest expense/liability, increased by £1,802 to £63,218(2022:61,416). Utility bills were up £3528 which is more than 60% to £9,165 (2022: £5,636). There was substantial and necessary work to trees and hedges in the church yard for £5,250 and new bell ropes ordered for £1,250. Repairs to Fabric were £919 which is similar to the 2022 figure but additional expenditure is expected to repair the tower and our leaking water main.
The Organ needs a complete over haul which may cost between £150,000 and £200,000.
Restricted funds as a whole have increased by £1,498. Removing the designated legacy of £5,000 would show a £3,502 decrease.
As a whole, available church funds stand at £200,625 (Cash at Bank) which is an increase of £106,090. However, if we remove the designated Legacy funds of £119,250 we have seen a decrease of £13,160 this year.
It is the policy of the Council that in accordance with the Church of England's guidance, the PCC has determined its approach to the need for a Reserves Policy. Best practice looks for a Parish to ensure it holds sufficient cash and/or liquid assets as a percentage of annual expenditure to meet unforeseen emergencies. Considerations at this Parish include general running costs, employee costs and the possible emergence of substantial expenditure related to the maintenance of a Grade 1 listed building. At balance sheet date the free reserves stand at £168,691(Including designated funds but not restricted funds) which represents 163% of annual running costs. (2022: 68%).
- 2 -
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST CHURCH LITTLE MISSENDEN**
## **TRUSTEES REPORT (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
The General Fund has been boosted by £114,250 in legacies. However this legacy element of the fund should be viewed as designated as agreed at our final PCC meeting of the year 2023 to provide seed money for the restoration of the church as described above. Excluding this legacy figure puts the general fund at £54,441which is a deficit of £9,658(2022:deficit of £3,169)
The Fabric Fund (restricted) holds donations specifically for the maintenance of the fabric. The Davis bequest produces income for that fund and as an endowment fund it is held for the long term and is therefore invested in a CBF equity fund. The Fabric fund received £6,593, however £5,000 of this is a legacy specifically to be spend on further investigation of the wall paintings. Given that, the fund received only £1,594 and after an expense of £ 919 increased marginally to £31,934 in 2023 including the designated £5000 (2022: £26,260). Discounting the legacy brings the available fabric figure to £26,934.
The Davis Fund (Endowment) increased in value this year by £3,373 and now stands at a value (taken on 31st December) of £39,220
The Bells Fund (restricted) was established in 2007 in connection with an appeal to raise money for repairs to the bells and is now used for their maintenance. The fund, which stood only at £206 at the end of 2022, now stands at zero after being £1,260 in deficit after the purchase of new ropes, repairs and maintenance for the year. A balancing transfer from unrestricted fund was therefore necessary to clear this deficit. £200 of the fund is designated to the repair of the Hyde Heath Bell and an application to the MacEachran fund to cover the cost of the ropes has been made to restore the fund somewhat.
The Graveyard Fund (restricted) was established in 2008 to hold monies given for the maintenance of the churchyards. The fund began the year with a balance of £3,970. It received no funds this year and there was a £5,250 expense. This leaves the fund at zero being £1,280 in deficit. A balancing transfer from unrestricted fund was therefore necessary to clear this deficit. An application to the MacEachran fund has been made to cover the cost of the tree and hedge work to restore the fund. Deficit has been covered by a transfer from unrestricted fund.
The 200 Club is a Designated Fund established in 2011. The £5 monthly subscriptions are entered into a draw with 33% paid out in prizes and the balance transferred to the General Fund. The year-end balance represents unpaid cheques and subscriptions paid in advance and is held in a separate bank current account. The club enlarged a little, raising £2,340 in subscriptions this year which represents a £225 increase and fewer prizes were cashed in - down by £35. The club transferred £2,176 to the general fund at the end of the year.
The Friends of Little Missenden PCC was established in 2015 as a sub-committee of the PCC. The objectives are to advance the mission and ministry of the church, to raise funds to fund that ministry and for the repair and conservation of the church. Funds are held in a separate bank account. It’s figures have been included in these accounts. The current balance is £9,178. We are in the process of opening a high interest account to bank this balance.
## **Structure, governance and management**
The Council is a company limited by guarantee.
The Parochial Church Council who served during the year and up to the date of signature of the financial statements were:
Rev. John Simpson Gareth Beynon Marian Dickinson Gloria Haynes John Lamb Colin Barker (Resigned 24 February 2023) James H Clephan (Resigned 15 March 2023) Helen M Tolmie-Thomson Dr. Catherine Elphinstone Jonathan Jones Mr A Mote (Appointed 12 July 2023)
- 3 -
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST CHURCH LITTLE MISSENDEN**
## **TRUSTEES REPORT (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
The PCC is a corporate body established by the Church of England. Its governing documents are the Parochial Church Council (Powers) Measure 1956 as amended and the Church Representation Rules.
PCC members are recruited in a number of ways. The clergy and churchwardens are members by virtue of their office. Deanery Synod representatives are elected at the Annual Parochial Church Meeting (APCM) and hold office for three years. Other members of the PCC are elected at the APCM for a three year term or may be co-opted during the year.
The PCC makes all decisions corporately except that the Standing Committee has delegated powers to make decisions between PCC meetings subject to keeping the PCC informed as necessary.
The PCC is responsible for all parish finance, its management and control, including the appointment of a treasurer. Members of the PCC are responsible for keeping accounting records, which disclose with reasonable accuracy the financial position of the PCC and which enable them to ascertain the financial position of the PCC and which enable them to ensure that the financial statements comply with the Church Accounting Regulations 2006 and the Charities Act 1993. The PCC is also responsible for safeguarding its assets and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The PCC is also required to ensure that the financial statements are examined by an independent examiner prior to presentation to the APCM.
There are the following committees:
Standing Committee - consists of the Incumbent, the Churchwardens, the Licensed Lay Ministers and the Treasurer. The committee has power to transact the business of the PCC between PCC meetings, reporting to the full PCC as appropriate.
The church is part of the Wendover Deanery, which is part of the Diocese of Oxford.
The trustees report was approved by the Board of Parochial Church Council.
..............................
**Rev. John Simpson** Trustee Dated: .........................
- 4 -
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST CHURCH LITTLE MISSENDEN**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE PAROCHIAL CHURCH COUNCIL OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST CHURCH LITTLE MISSENDEN**
I report on the accounts of the Council for the year ended 31 December 2023, which are set out on pages 6 to 15.
## **Respective responsibilities of Parochial Church Council and examiner**
The Council’s Parochial Church Council are responsible for the preparation of the financial statements. The charity's Parochial Church Council consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
- (i) examine the financial statements under section 145 of the 2011 Act;
- (ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- (iii) to state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.
## **Independent examiner's statement**
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
In connection with my examination, no other matter except that referred to in the previous paragraph has come to my attention:
- (a) which gives me reasonable cause to believe that in any material respect the requirements:
- (i) to keep accounting records in accordance with section 130 of the 2011 Act; and
- (ii) to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the 2011 Act;
- have not been met or
- (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Rouse Partners LLP Majid Sadeghi ACCA 55 Station Road Beaconsfield Buckinghamshire HP9 1QL Dated: .........................
- 5 -
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST CHURCH LITTLE MISSENDEN**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
|**Unrestricted**
**Restricted Endowment**
**funds**
**funds**
**funds**
**2023**
**2023**
**2023**
**Notes**
**£**
**£**
**£**
**Income from:**
Donations and legacies
**3**
184,982
5,721
-
Charitable activities
**4**
16,071
-
-
Investments
**5**
1,948
1,072
-
**Total income**
203,001
6,793
-
Charitable activities
**6**
95,869
7,835
-
Net gains/(losses) on investments
**8**
-
-
3,373
**Net income/(expenditure)**
107,132
(1,042)
3,373
Transfers between funds
(2,540)
2,540
-
**Net movement in funds**
104,592
1,498
3,373
**Reconciliation of funds:**
Fund balances at 1 January 2023
64,099
30,436
35,847
**Fund balances at 31 December 2023**
168,691
31,934
39,220|**Total**
**Unrestricted**
**Restricted Endowment**
**funds**
**funds**
**funds**
**2023**
**2022**
**2022**
**2022**
**£**
**£**
**£**
**£**
190,703
72,217
2,094
-
16,071
18,024
-
-
3,020
464
1,066
-
209,794
90,705
3,160
-
103,704
93,874
3,631
-
3,373
-
-
(4,783)
109,463
(3,169)
(471)
(4,783)
-
-
-
-
109,463
(3,169)
(471)
(4,783)
130,382
67,268
30,907
40,630
239,845
64,099
30,436
35,847|**Total**
**2022**
**£**
74,311
18,024
1,530
93,865
97,505
(4,783)
(8,423)
-
(8,423)
138,805
130,382|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 6 -
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST CHURCH LITTLE MISSENDEN**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2023**_
|**Notes**
**Fixed assets**
Investments
**9**
**Current assets**
Debtors
**10**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**11**
Net current assets
**Total assets less current liabilities**
**The funds of the Council**
Endowment funds
**12**
Restricted income funds
**13**
Unrestricted funds|**2023**
**£**
-
201,945
201,945
1,320|**£**
39,220
200,625
239,845
39,220
31,934
168,691
239,845|**2022**
**£**
521
95,334
95,855
1,320|**£**
35,847
94,535|
|---|---|---|---|---|
|||||130,382|
|||||35,847
30,436
64,099|
|||||130,382|
The financial statements were approved by the Parochial Church Council on .........................
..............................
Rev. John Simpson **Trustee**
- 7 -
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST CHURCH LITTLE MISSENDEN**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **1 Accounting policies**
## **Charity information**
The Parochial Church Council of The Ecclesiastical Parish of St. John the Baptist Church Little Missenden is an unincorporated charity.
## **1.1 Accounting convention**
The accounts have been prepared in accordance with the Council's governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The Council is a Public Benefit Entity as defined by FRS 102.
The Council has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the Council. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention, modified to include the revaluation of investment and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the Parochial Church Council have a reasonable expectation that the Council has adequate resources to continue in operational existence for the foreseeable future. Thus the Parochial Church Council continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the Parochial Church Council in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Council.
## **1.4 Incoming resources**
Income is recognised when the Council is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Council has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of when the refund is received from HMRC.
Legacies are recognised on receipt or otherwise if the Council has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 8 -
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST CHURCH LITTLE MISSENDEN**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **1 Accounting policies**
## **(Continued)**
## **1.5 Fixed asset investments**
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
## **1.6 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.7 Financial instruments**
The Council 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 Council's balance sheet when the Council becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the Council’s contractual obligations expire or are discharged or cancelled.
- 9 -
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST CHURCH LITTLE MISSENDEN**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **2 Critical accounting estimates and judgements**
In the application of the Council’s accounting policies, the Parochial Church Council are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
Donations and gifts
56,737
200
Legacies receivable
114,250
5,000
Membership fees
2,340
-
Tax recovered
11,655
521
184,982
5,721
**For the year ended 31 December 2022**
72,217
2,094|**Total**
**2023**
**£**
56,937
119,250
2,340
12,176
190,703|**Total**
**2022**
**£**
58,594
-
2,218
13,499|
|---|---|---|
|||74,311|
|||74,311|
## **4 Income from charitable activities**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2023**|**2022**|
||**£**|**£**|
|**Charitable activities**|||
|Church activities and fundraising|16,071|18,024|
- 10 -
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST CHURCH LITTLE MISSENDEN**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **5 Income from investments**
|**Unrestricted**
**Restricted**
**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**funds**
**2023**
**2023**
**2023**
**2022**
**2022**
**£**
**£**
**£**
**£**
**£**
Investment income
-
1,072
1,072
11
1,066
Interest receivable
1,948
-
1,948
453
-
1,948
1,072
3,020
464
1,066
**Charitable activities**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Total**
**2023**
**£**
**£**
**£**
Parochial expenses
7,843
-
7,843
Church running costs
13,909
7,835
21,744
Fund raising costs
451
-
451
Independent examiner fee
1,866
-
1,866
Priest expenses
4,320
-
4,320
Wedding, funerals & ashes
3,572
-
3,572
Parish shares
63,218
-
63,218
200 Club Prizes
690
-
690
95,869
7,835
103,704
**Analysis by fund**
Unrestricted funds
95,869
-
95,869
Restricted funds
-
7,835
7,835
95,869
7,835
103,704|**Total**
**2022**
**£**
1,077
453|
|---|---|
||1,530|
||**Total**
**2022**
**£**
12,826
15,785
428
1,320
2,496
2,509
61,416
725|
||97,505|
|||
## **6 Charitable activities**
## **7 Parochial Church Council**
None of the Parochial Church Council (or any persons connected with them) received any remuneration or benefits from the Council during the year. Reverend John Simpson received £4,320 as reimbursement for his expenses.
- 11 -
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST CHURCH LITTLE MISSENDEN**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
|**8**
**Net gains/(losses) on investments**
Revaluation of investments
**9**
**Fixed asset investments**
**Cost or valuation**
At 1 January 2023
Valuation changes
At 31 December 2023
**Carrying amount**
At 31 December 2023
At 31 December 2022
**10**
**Debtors**
**Amounts falling due within one year:**
Other debtors
**11**
**Creditors: amounts falling due within one year**
Accruals and deferred income|**2023**
**2022**
**£**
**£**
3,373
(4,783)
**Investment**
**asset**
**£**
35,847
3,373
39,220
39,220
35,847
**2023**
**2022**
**£**
**£**
-
521
**2023**
**2022**
**£**
**£**
1,320
1,320|
|---|---|
- 12 -
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST CHURCH LITTLE MISSENDEN**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **12 Endowment funds**
Endowment funds represent assets which must be held permanently by the Council. Income arising on the endowment funds can be used in accordance with the objects of the Council and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund.
||**At 1 January**|**Gains and**|**At 31**|
|---|---|---|---|
||**2023**|**losses**|**December**|
||||**2023**|
||**£**|**£**|**£**|
|**Permanent endowments**||||
|Davis bequest|35,847|3,373|39,220|
|**Previous year:**|**At 1 January**|**Gains and**|**At 31**|
||**2022**|**losses**|**December**|
||||**2022**|
||**£**|**£**|**£**|
|**Permanent endowments**||||
|Davis bequest|40,630|(4,783)|35,847|
## **13 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
||**At 1 January**|**Incoming**|**Resources**|**Transfers**|**At 31**|
|---|---|---|---|---|---|
||**2023**|**resources**|**expended**||**December**|
||||||**2023**|
||**£**|**£**|**£**|**£**|**£**|
|Fabric fund|26,260|6,593|(919)|-|31,934|
|Bells fund|206|200|(1,666)|1,260|-|
|Churchyard fund|3,970|-|(5,250)|1,280|-|
||30,436|6,793|(7,835)|2,540|31,934|
|**Previous year:**|**At 1 January**|**Incoming**|**Resources**|**Transfers**|**At 31**|
||**2022**|**resources**|**expended**||**December**|
||||||**2022**|
||**£**|**£**|**£**|**£**|**£**|
|Fabric fund|25,715|1,356|(811)|-|26,260|
|Bells fund|206|-|-|-|206|
|Churchyard fund|4,986|1,804|(2,820)|-|3,970|
||30,907|3,160|(3,631)|-|30,436|
- 13 -
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST CHURCH LITTLE MISSENDEN**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **14 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
|**At 1**
200 club fund
Friends of Little Missenden
General funds
**Previous year:**
**At 1**
200 club fund
Friends of Little Missenden
General funds|**January**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At 31**
**December**
**2023**
**£**
**£**
**£**
**£**
**£**
2,245
2,344
(4,387)
-
202
8,574
604
-
-
9,178
53,280
200,053
(91,482)
(2,540)
159,311
64,099
203,001
(95,869)
(2,540)
168,691
**January**
**2022**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At 31**
**December**
**2022**
**£**
**£**
**£**
**£**
**£**
640
2,432
(827)
-
2,245
7,875
699
-
-
8,574
58,753
87,574
(93,047)
-
53,280
67,268
90,705
(93,874)
-
64,099|**January**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At 31**
**December**
**2023**
**£**
**£**
**£**
**£**
**£**
2,245
2,344
(4,387)
-
202
8,574
604
-
-
9,178
53,280
200,053
(91,482)
(2,540)
159,311
64,099
203,001
(95,869)
(2,540)
168,691
**January**
**2022**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At 31**
**December**
**2022**
**£**
**£**
**£**
**£**
**£**
640
2,432
(827)
-
2,245
7,875
699
-
-
8,574
58,753
87,574
(93,047)
-
53,280
67,268
90,705
(93,874)
-
64,099|
|---|---|---|
|||64,099|
## **15 Analysis of net assets between funds**
|**Unrestricted**
**Restricted**
**Endowment**
**funds**
**funds**
**funds**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**Fund balances at 31 December 2023 are represented by:**
Investments
-
-
39,220
Current assets/(liabilities)
171,231
29,394
-
171,231
29,394
39,220
**_Per balance sheet_**
168,691
31,934
39,220
**_Balance to allocate_**
(2,540)
2,540
-|**Total**
**2023**
**£**
39,220
200,625|
|---|---|
||239,845|
||239,845
-|
- 14 -
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST CHURCH LITTLE MISSENDEN**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
|**15**|**Analysis of net assets between funds**||||**(Continued)**|
|---|---|---|---|---|---|
|||**Unrestricted**|**Restricted**|**Endowment**|**Total**|
|||**funds**|**funds**|**funds**||
|||**2022**|**2022**|**2022**|**2022**|
|||**£**|**£**|**£**|**£**|
||**Fund balances at 31 December 2022 are**|**represented by:**||||
||Investments|-|-|35,847|35,847|
||Current assets/(liabilities)|64,099|30,436|-|94,535|
|||64,099|30,436|35,847|130,382|
## **16 Related party transactions**
There were no disclosable related party transactions during the year (2022- none).
- 15 -