2024-12-31-accounts - North Buckingham Parish Parochial Church Council

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REGISTERED CHARITY NUMBER: 1175236

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

North Buckingham Parish PCC

Connolly Accountants & Business Advisors Ltd Chartered Certified Accountants The Stable Yard 25-33 Vicarage Road Stony Stratford Milton Keynes Buckinghamshire MK11 1BN

North Buckingham Parish PCC

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

		Page
Report of the Trustees		1
Independent Examiner's Report		2
Statement of Financial Activities		3
Balance Sheet		4
Notes to the Financial Statements	5	to	9
Detailed Statement of Financial Activities		10

North Buckingham Parish PCC

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1175236

Principal address

Rosemount Wicken Road Leckhampstead Buckingham Buckinghamshire MK18 5NZ

Trustees

Mrs Z Jones A J White Revd J A Taling Mrs E Stott Mrs G Christopher Mrs C Cowley J Cowley W Truscott Mrs M Culley A Talbot Rice Mrs C Hockley J Hockley Mrs B King I Smith Mrs M Harrison

Independent Examiner

Fern Connolly Connolly Accountants & Business Advisors Ltd Chartered Certified Accountants The Stable Yard 25-33 Vicarage Road Stony Stratford Milton Keynes Buckinghamshire MK11 1BN

31 July 2025 Approved by order of the board of trustees on ............................................. and signed on its behalf by:

Zoe Jones

........................................................................ Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NORTH BUCKINGHAM PARISH PCC

Independent examiner's report to the trustees of North Buckingham Parish PCC

I report to the charity trustees on my examination of the accounts of North Buckingham Parish PCC (the Trust) for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Fern Connolly

Connolly Accountants & Business Advisors Ltd Chartered Certified Accountants The Stable Yard 25-33 Vicarage Road Stony Stratford Milton Keynes Buckinghamshire MK11 1BN 31 July 2025 Date: .............................................

North Buckingham Parish PCC

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 107,317 Other trading activities 2 2,402 Investment income 3 9,706 Total 119,425 EXPENDITURE ON Raising funds 4 90,609 Other - Total 90,609 NET INCOME/(EXPENDITURE) 28,816 RECONCILIATION OF FUNDS Total funds brought forward 117,549 TOTAL FUNDS CARRIED FORWARD 146,365	Restricted fund £ - 12,801 - 12,801 - - - 12,801 196,300 209,101	2024 Total funds £ 107,317 15,203 9,706 132,226 90,609 - 90,609 41,617 313,849 355,466	2023 Total funds £ 73,139 12,501 8,439 94,079 67,862 26,304 94,166 (87) 313,936 313,849

The notes form part of these financial statements

North Buckingham Parish PCC

BALANCE SHEET 31 DECEMBER 2024

Unrestricted fund Notes £ FIXED ASSETS Investment property 7 - CURRENT ASSETS Investments 8 15,384 Cash at bank 130,566 145,950 CREDITORS Amounts falling due within one year 9 (1) NET CURRENT ASSETS 145,949 TOTAL ASSETS LESS CURRENT LIABILITIES 145,949 NET ASSETS 145,949 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS	Restricted fund £ 140,000 12,531 56,986 69,517 - 69,517 209,517 209,517	2024 Total funds £ 140,000 27,915 187,552 215,467 (1) 215,466 355,466 355,466 146,365 209,101 355,466	2023 Total funds £ 140,000 27,915 145,935 173,850 (1) 173,849 313,849 313,849 117,549 196,300 313,849

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Trustee

The notes form part of these financial statements

North Buckingham Parish PCC

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. OTHER TRADING ACTIVITIES

3.

Fundraising events INVESTMENT INCOME Cottage Income Interest income	2024 £ 15,203 2024 £ 6,026 3,680 9,706	2023 £ 12,501	2023 £ 12,501
		2023 £ 5,535 2,904 8,439
			8,439

continued...

North Buckingham Parish PCC

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

4. RAISING FUNDS

Investment management costs

These cost are for Major Works to the Church building.

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 73,139 Other trading activities 9,222 Investment income 8,439 Total 90,800 EXPENDITURE ON Raising funds 67,862 Other 26,304 Total 94,166 NET INCOME/(EXPENDITURE) (3,366) RECONCILIATION OF FUNDS Total funds brought forward 120,915 TOTAL FUNDS CARRIED FORWARD 117,549	Restricted fund £ - 3,279 - 3,279 - - - 3,279 193,021 196,300	Total funds £ 73,139 12,501 8,439 94,079 67,862 26,304 94,166 (87) 313,936 313,849

continued...

North Buckingham Parish PCC

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

7. INVESTMENT PROPERTY

	£ 140,000	£ 140,000
	140,000
	140,000
	2023 £ 21,824 6,091
	27,915
2023 £ 1 At 31.12.24 £ 146,365 209,101 355,466 Movement in funds £ 28,816 12,801 41,617	2023 £ 1 At 31.12.24 £ 146,365 209,101	2023 £ 1
	355,466
	41,617

continued...

North Buckingham Parish PCC

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.1.23
£
Unrestricted funds
General fund
120,915
Restricted funds
RESTRICTED fUND
193,021
TOTAL FUNDS
313,936
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
90,800
Restricted funds
RESTRICTED fUND
3,279
TOTAL FUNDS
94,079
A current year 12 months and prior year 12 months combined position is as follows:
At 1.1.23
£
Unrestricted funds
General fund
120,915
Restricted funds
RESTRICTED fUND
193,021
TOTAL FUNDS
313,936

Net
movement
At
in funds
31.12.23
£
£
(3,366)
117,549
3,279
196,300
(87)
313,849
Resources
Movement
expended
in funds
£
£
(94,166)
(3,366)
-
3,279
(94,166)
(87)
Net
movement
At
in funds
31.12.24
£
£
25,450
146,365
16,080
209,101
41,530
355,466

continued...

North Buckingham Parish PCC

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds General fund Restricted funds RESTRICTED fUND TOTAL FUNDS	Incoming resources £ 210,225 16,080 226,305	Resources Movement expended in funds £ £ (184,775) 25,450 - 16,080 (184,775) 41,530	Resources Movement expended in funds £ £ (184,775) 25,450 - 16,080 (184,775) 41,530
			41,530

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2024.

North Buckingham Parish PCC

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

INCOME AND ENDOWMENTS Donations and legacies Planned Giving Parochial fees Gift aid Legacies Collection Plate All other giving Magazine income Donations for grass cutting etc Other trading activities Fundraising events Investment income Cottage Income Interest income Total incoming resources EXPENDITURE Raising donations and legacies Diocesan Parish Share Investment management costs Major repairs Support costs Other Parish Admin & Telephone Church running expenses Sundries Charitable giving Total resources expended Net income/(expenditure)	2024 £ 21,824 4,086 10,703 50,548 17,894 - 1,882 380 107,317 15,203 6,026 3,680 9,706 132,226 58,161 6,245 3,142 19,762 2,165 1,134 26,203 90,609 41,617	2023 £ 17,694 4,186 10,679 16,840 20,831 355 676 1,878 73,139 12,501 5,535 2,904 8,439 94,079 55,699 12,163 1,701 22,055 1,639 909 26,304 94,166 (87)

This page does not form part of the statutory financial statements