Charity registration number 1154845 (England and Wales) 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 2024
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST CHURCH LITTLE MISSENDEN LEGALAND ADMINISTRATIVE INFORMATION Parochial Church Councll Rev. John Simpson Gareth Beynon Marian Dickinson Gloria Haynes John Lamb Helen M Tolmie-Thomson Dr. Catherine Elphinstone Jonathan Jones Charity number 1154645 Independent examiner Rouse Partners LLP 55 Station Road Beaconsfield Buckinghamshire Untted Kingdom HP9 1QL
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST CHURCH LITTLE MISSENDEN CONTENTS Page Trustees report Independent examineffs report statement of financial activities Balance sheet Notes to the financial statements 9-16
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST CHURCH LITTLE MISSENDEN TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Parochial Church Council present their annual report and financial statéments for the year ended 31 Decembèr 2024. 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 20161 Objectives and acllvlties 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 splritual 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 etemal themes and kingdom values, not least in evoking beauty and mystery in our worship, in topical. challenging preaching, in practising hosprtality. 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. Achlevements and performance The electoral roll was 12512023: 130) and the median adult attendance on Sundays was 50 (2023.. 47).
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 2024 Flnanclal review Income In 2024 St John the Baptist, Little Missenden received a legacy of £4,000 which has been deposited in the CCLA reserve account. This reservè account now has a balance of £129,547 and received interest payments of £6,297 in the calendar year. This money remains designated for renovations on the church organ, which remains in dire need of a major over haul, estimated at beeen £150,000 and £200,000 as well as planned improvements to the vestry and church fabric. Improvements to the church were also undertaken with funding of£10,006 from the MacEachran Trust which covered the deficit on the funding of the major work on the churchyard trees and hedges last year and new bell ropes. This year the trust funded the restoration of the Dormer window and substantial electrical work to the lighting of the church wall paintings. In order to ensure transparency on all the requests to the MacEachran Trust, the exact invoice figure for fabric, graveyard or bell repair has been requested on the three payments from the fund this year. £6,500 for Tree surgeons1£5,250) and Bell ropes (£1,250) in the previous year, £1.194 for the Dormer Restoration and £2,312 for the electrical work. This year debit card donations via the Sum Up and Good box card readers were £10.008, up £1,195 on the previous year. Parish Giving and corresponding gift aid amounted to £45,377 down £778 on the previous year while gift aided donations by means of regular standing orders and one-off donations were up £915 to £6,957. Cream Teas continue to play a big role in our fund raislng and a sum of £4204 was raised this year. Kate Elpinstone and her team should be applauded for the considerable efforts made each Sunday during the summer months. Fund raising beyond cream teas amounted to £1,296, up a little on the previous year's £910. Cash Collections via wall safe and plate were £1,539 up from £1,273 the previous year. Parochial activities including wedding, funerals and ashes were £5,592 which was considerably less than the £9,463 ¢ollected in 2023. These figurès are gross of the payments made to the Diocese which amounted to fees of £1,411 leaving the church the net figure of£4,181. The net figure for 2023 was £5,891. In total church income forthe yearwas £107,037. Expendlture Expenditure in the year was similar to spending in 2023. utility Bills were up £387 to £9,552 {2023'. £9,165) and repalrs, rodent removal, gutter clearing and so forth continued with similar expenditure to the previous year. Apart trom the above mentioned works covered by the MacEachran Trust, there were no major expenditures on fabric repair. The church clock was serviced by Smiths of Derby c05ting £234 and the Bells were inspected and serviced by Whites for £459. Expenditure on Music amounted to £2,668 this year in comparison to £2,956 in the prèvious. The gr&atest part of this pays for the Sunday organists with the payment to CCLI reduced this year to £337 to cover all music recordings played but no longer video content as we have no means to play this in the church itself. The Piano was also tuned for a fee of £70. Total spending on Fabric repair and general maintenance was £7,706 compared to £8.479 in 2023. We are spending less on candles, down from £818 to £599, a lot less on photocopying down from £885 to £472 and more on bank charges, £235 this year compared to £175 in thè previous year. Total office and administrative expenses wère £3,737 against £4,599 in the previous year. Parish Share, by far our biggest expenselliability. increasèd by £2,892 to £66,110 (2023.. 63,218). Totsl expenditure was £103,107 compared to £103,704 for2023.
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 2024 Church Funds The church running costs were £3,930 in credit this year, though £4.000 was in legacy funding. As a whole, available church funds stand at £206,414 (Cash at Bank) against£201,945 in the previous year. The Davis Bequest (Endowmentl increased in value this year by £898 and now stands at a value (tsken on 31st December) of£40,118. It contributed £1088.72 in payments from the investment. The church holds eight bank accounts as follows with balance recorded at 31st December. CAF Current Account £9,999 (interest rate 0.2%) CAF 200 Club Account £312 (interest rate 0.2%) CAF Gold Reserve.. £33,950 (interest rate 2%) CCLA DepositAccount £22,685 (interest rate 4.45%) CCLA FriendsAccount £9,918 (interest rate 4.45%} TSB FriendsAccount £2.20 (interest rate zero) CCLA ReserveAccount £129,547 (Interest rate 4.45%) It may be wisè to mov& our present CAF Gold Resetve Holdings into the higher rate CCLA Deposit Account and this should be discussed within the PCC. Totsl Funds of the Council amount to £40,118 in endowment fvnds. £38,757 in restricted income funds and £165.797 in unrestricted funds. This takes into account the accrual amount due to the independent examiner. It is the policy of the Council that in accordance with the Church of England's guidance, Ihe PCC has determined its approach to the need for a ReseNes Policy. Best practice looks for a Parish to ensure it holds sufficient cash andlor 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 reseTves stand at £165,797 (Including designated funds but not restricted funds) which represents 165% of annual running costs.12023= 163%). The General Fund stands at £165,797. £129,547 of this figure represents the legacy element of this fund and is designated for the restoration of the church as agreed atthe final PCC meeting of the year 2023. The Fabric Fund (restricted) holds donations specifically for the rna1ntenan of the fabric. The total for the fund now stands at £38,757 however £5000 of this is a legacy specifically to be spent on further investigation of the wall paintings as designated in 2023. The Davis bequest produces income for that fund and as an endowment fvnd it is held for the long tem and is invested in a CBF equity fund. In total, the Fabric fund received £11.870 in the year. 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 fvnd, which stood only at £206 at the end of 2022, now stands at zero. The fund received £40 from some visiting ringers and the cost of repairs to the bell, membership of the Guild of Bell ringers and bell ringer subs amounted to £535. £200 is still designated for the repair to the Hyde Heath Bell. With the lack of sufficient and specific funding for the fund. it should be considered whether to close the fund and bring the cost of the bell maintenance into the fabric fund. 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 zero and it received no funds this year. There was a £189 payment forthe upkeep ofthe MacEachran Grave which was covered by the general fund. Again, it should bé considered by th8 PCC whether to bring the Graveyard Fund into the Fabric fund as a whole as there has been no specific funding for the Graveyard alone for some time.
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 2024 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 £2.415 in subscriptions thi5 year which represents a £75 increase. More prizes were cashed in this year at £779 against £690 in 2023. The club transferred £1440 to the general fund at the end of the year leaving it with a balance of£312.53. Th8 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 fijnd that ministry and for the repair and conseNation of the church. Funds are held in a separate bank account. Its figures have been included in these accounts. The bulk of the funds are now in a CCLA high interest account amounting to £9,918. Interest this year amounted to £198 and £550 was received from the TSB account which now stsnds at £2.20 but will remain open to receive ongoing donations. 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 Oickinson Gloria Haynes John Lamb Helen M Tolmie-Thomson Dr. Catherine Elphinstone Jonathan Jones The PCC is a corporate body established by the Church of England. Its goveming 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 oftheir office. Deanery Synod representatives are elected at theAnnual Parochial Church Meeting IAPCMI and hold office for three years. Other members ofthe PCC are elected at theAPCM 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 dèlegated powers to make decisions beeen PCC meetings subject to keeping the PCC informèd 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 roasonable 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 thatthe financial statements comply with the Church Accounting Regulations 2006 and the Charities Ad 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 8xaminer prior to presentation to the APCM. The Standing Committee consists ofthe Incumbent, the Churchwardens, the Licensed Lay Ministers and the Treasurer. The committee has power to transact th6 business ofthe PCC beeen PCC meétings, reporting to the full PCC as appropriate. The church is part ofthe Wendover Deanery, which is part ofthe Diocese of Oxford.
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 2024 The trustees reportwa oved by the Board of Parochial Church Council. Rev. John Simpson Trustee Dated..
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 2024, which are set out on pages 7 to 16. Respectlve responsibilities of Parochlal Church Councll and examlner 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 CharitiesAct 2011 (the 2011 Act) and Ihat an independent examination is needed. It is my responsibility to.. 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. Basls of Independent examlner's report 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 Finanaal 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. l undersland 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 (li) 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 financial statements to be reached. Rouse Partners LLP Susan Drummond 55 Station Road Beaconsfield Bucklnghamshire HP9 1QL United Kingdom Dated.. 28 May 2025
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST CHURCH LITTLE MISSENDEN STATEMENT OF FINANCIALACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Restricted Endowment funds funds funds 2024 2024 2024 Total Unrestricted Restricted Endowment fvnds funds funds 2023 2023 2023 Total 2024 2023 Income from: Denations and legacies Charitsble activities Investments 76,629 9,965 8,468 10,885 87,514 9,965 9,557 184,982 16,071 1,948 5,721 190,703 16,071 3,020 1,089 1,072 Total income 95,062 11,974 107,038 203,001 6,793 209,794 Charitabl8 actrvities 97,336 5,771 103,107 95,869 7,835 103,704 Net gains on investments 898 898 3,373 3,373 Net Incomel(expenditure) (2,274) 6,203 898 4,827 107,132 (1,0421 3,373 109,463 Transfers beeen fiJnds (6201 620 12,5401 2.540 Net movement in funds 12,8941 6,823 898 4,827 104,592 1,498 3,373 109,463 Reconcillatlon of funds: Fund balances at 1 January 2024 168,691 31,934 39,220 239,845 64,099 30,436 35,847 130,382 Fund balances at 31 December 2024 165,797 38,757 40,118 244,672 168,691 31,934 39,220 239,845 The statement of financial actNities includes all gains and losses recognised in the year. All income and expendf(ure derive from continuing actwities.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST CHURCH LITTLE MISSENDEN BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes Fixed assets Investments 40.118 39,220 Current assets Cash at bank and in hand 206.414 201,945 Creditors: amounts falling due wlthln one year 10 (1,8601 11,320) Net current assets 204,554 200,625 Total assets less current Ilabllltles 244,672 239,845 The funds of the Council Endowment funds Restricted income funds Unrestricted funds 11 12 13 40,118 38,757 165,797 39,220 31,934 168,691 244,672 239,845 The fi ial statements were approved by the Parochial Church Council on Rev. ohn Trustee son
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 2024 Accounting pollcies Charity information The Parochial Church Council of The Ecclesiastical Parish of St. John the Baptist Church Ltttle Missenden is an unincorporated charity. 1.1 Accountlng conventlon 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 IFRS 102). (as amended for accounting periods Commencing from 1 January 20161. The Council is a Public Benefit Enttiy as defi'ned 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 fvnctional 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 Golng concern At the time of approving the financial ststements. 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 a¢counting 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 charrtable objectives. Restricted funds are subject to specific condrtions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in th6 notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capf(al must be maintained by the Council. 1.4 Incomlng resources Income is recognised when the Council is legally entr(led to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will bè rèceived. Cash donations are recognised on receipt. other donations are recognised once thè Coun¢il 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. Lègacies 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.
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 2024 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 incomellexpenditure) 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 wf(h banks, other short-temi liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Basic financial assets Basic financial assets, which Include debtors and ¢ash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effectlV6 interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future recèipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Baslc financial liabillties Basic financial liabilities, including creditors and bank loans are initially r8cognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument Is measured at the present value ot 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 effèctive 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 d6recognised when the Council's contractual obligations expire or are discharged or cancèlled. Crltlcal 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 èxperience and other factors that are considered to be relevant. Actual results may differ from these estimat8s. The estimates and undedying 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 fijture periods. 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 2024 Donatlon8 and legacies Unrestricted Restricted funds funds Total 2024 Total 2023 Donations and gifts Legacies receivable Membership fees Tax recovered 58,130 4,000 2,415 12,084 605 10,006 58,735 14,008 2,415 12,358 56,937 119,250 2,340 12,176 274 76.629 10,885 87,514 190,703 For the year ended 31 December 2023 184,982 5,721 190,703 Income from charitable activities Unrestrlcted funds 2024 Unrestricted funds 2023 Charitable acllvltles Church activities and fundraising 9,965 16,071 Income from investments Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restrict funds funds 2023 2023 Total 2024 2023 Investment income Interest receivable 1,089 1,089 8,468 1,072 1,072 1,948 8,468 1,948 8,468 1,089 9,557 1,948 1.072 3,020 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 2024 Charitable actlvltles Unrestricted Restricted funds funds Total 2024 Total 2023 Parochial expenses Church running costs Fund raising costs Independent examiner fee Priest expenses Wedding. funerals & ashès Parish shares 200 Club Prizes 7,263 15,269 7,263 21,040 7,843 21,744 451 1,866 4,320 3,572 63,218 690 5,771 2,400 4,104 1.411 66,110 779 2.400 4,104 1,411 66,110 779 97,336 5,771 103,107 103,704 Analysis by fund Unrestricted funds Restricted funds 97,336 97,336 5,771 5,771 97,336 5.771 103,107 Parochlal Church Council None of the Parochial Church Council (or any persons connected with them) received any remuneration or benefrts from the Council during thé year. Reverend John Simpson received £4,104 as reimbursement for his expenses. 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 2024 Net gainsl(losse$l on investments 2024 2023 Revaluation of investments 898 3,373 Fixed asset investments Investment asset Cost or valuation At 1 January 2024 Valuation changes 39,220 898 At 31 December 2024 40,118 Carrylng amount At 31 Decémb8r2024 40,118 At 31 December 2023 39.220 10 Creditors: amounts falling due within one year 2024 2023 Accruals and deferred income 1,860 1,320 11 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 2024 Gains and losses At31 December 2024 Permanent endowments Davis bequest 39,220 898 40,118 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 2024 11 Endowment funds (Contlnued) Previous year: At 1 January 2023 Galns and losses At31 December 2023 Permanent endowments Davis bequest 35,847 3,373 39,220 12 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific condttions by donors as to how they may be used. At 1 January 2024 Incoming Resources resources expended Transfers At31 December 2024 Fabric fund Bells fund Churchyard fvnd 31,934 11,869 105 15,046) (535) (190) 38,757 430 190 31,934 11,974 (5,771) 620 38,757 Previous year: At 1 January 2023 Incoming resources ReSoue5 expended Transfers At31 December 2023 Fabric fund Bells fund Churchyard fund 26,260 206 3,970 6,593 200 {919) 11,666) (5,250) 31,934 1,260 1,280 30,436 6,793 (7,835) 2,540 31,934 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 2024 13 Unrestrled funds The unrestricted fvnds ofthe 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 January 2024 Incomlng resources Resources expended Transfers At31 December 2024 200 club fund Friends of Little Missenden General funds 202 9,178 159,311 2.415 748 91,899 (864) (1.440) 313 9,926 155,558 196,4721 820 168.691 95,062 (97,336) (620) 165,797 Previous year: At 1 January 2023 Incoming resources Resources expended Transfers At31 December 2023 200 club fund Friends of Little Missendèn General funds 2,245 8,574 53,280 2,344 604 200,053 {4,3871 202 9,178 159,311 (91.482) (2,540) 64,099 203.001 (95.869) (2,540) 168.691 14 Analysis of net assets between funds Unrestricted funds 2024 Restrlcted Endowment funds funds 2024 2024 Total 2024 At 31 December 2024: Investments Currént assetsllliabilities) 40,118 40,118 204,554 165,797 38,757 165,797 38.757 40,118 244,672 15-
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 2024 14 Analysls of net assets between funds (Continued) Unrestricted funds 2023 Restricted Endowment funds funds 2023 2023 Total 2023 At 31 December 2023: Investments Current assetsl{liabilities) 39,220 39,220 200,625 168,691 31,934 168,691 31,934 39,220 239.845 15 Related party transactions There were no disclosable related paty transactions during the year (2023- none). 16-