2024-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Ashendon

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St Mary’s Church, Ashendon

2024 Financial Review

Receipts of £38,943 against payments of £18,618 looks extremely positive but, this excess of income over payments of £20,325 was achieved because we received part of a legacy being £21,600, In addition, we received interest on our investments of £3,452. Had those funds not been received, there would have been a deficit of £4,727 which would be unsustainable. We are fortunate that various people have been very generous and left us money in their wills. Indeed, in 2025 we should receive another £45,000 or so from the legacy mentioned above. This would increase our investments from £95,000 to £140,000. We are in a fortunate position. However, any proposed capital spending needs to be thoughtfully considered. As shown above, we will find it difficult to balance our books on an annual basis with our existing levels of income and expenditure and will inevitably need to use capital to assist with this unless we can increase income or reduce outgoings.

Income

If we ignore the legacies received in 2023 and 2024, income from donations and church collections was largely unchanged as was fundraising. Bank interest increased by nearly £1,400 and statutory fees by about £250. We also raised £340 for other charities.

Outgoings

The largest increase was in church running expenses which rose by over £3,000. This included £1,850 for works to the roof, £740 for a survey of the boundary wall., £911 for fire and security service and maintenance and £540 for lead work and repairing gutters. We also bought a new Hymnal Plus, a hymnal worship music system, at a cost of £2,567 which was partly offset by generous donations of £900. Heating and lighting expenses reduced by some £600 because we bought no oil this year.

Reserves policy

At the PCC meeting on 21st January 2019, it was confirmed that the PCC would try to maintain a balance on unrestricted funds of two years’ running costs. This would equate to about £26,000. This figure should be reviewed before the next AGM.

Examination of accounts

We thank Suzie Crwys-Williams for examining the accounts again this year.

Kevin Nash, FCIB

19[th] February 2025

ST MARVS CHURCH, ASHENDON - Financial statsment for Year Ended 31 December 2024 R8gist8r8dchwtyno. 1176256 GENERAL FUND, Receipts and Payments Account Receipts 2024 2023 Gift Aid donations Church collections Donation5 and church box Internet contribution Tax recovered through Gift Aid Legacy 4,888 3.887 2,103 1,441 158 1,355 9.450 226 177 1,470 21,600 30A05 18,394 Fund raising (gross amount) Note 2 3,240 3.175 Fund raising- restricted Aylesbury Foodbank Crisis 100 Bank interest Statutory fees Grants Bernwode News Note 3 3,452 2,082 469 783 696 TOTAL RECEIPTS Payments 2024 Costs of generating funds CharTrtable donations Diocesan parish share Ministry expenses Note 4 1.331 5.672 155 5.605 493 Insurance Bank aftd card thÈrges Church running expenses Internet Churchyard expenses 2,023 74 4.959 433 1,957 328 7,711 4,217 Heating and lighting Fixture5 and fitting5 Bernwode News 301 2567 783 696 TOTAL PAYMENTS 18.618 13.625

5r MARY'S CHURCH, ASHENDON - Flnancial ststement for Year Ended 31 December 2024 Reconclllatlon of bank accounts as at 31 Deomber 2024 2024 2023 Excess of reIpts over payments 20,325 11,191 Balances as at l January 2024 75.388 64,197 95.713 75,388 Bank account balances as at 31 December 2024 HSBC current account Less pay't Bernwode News 3,491 540 4,762 2,951 4,318 HSBC Business Money Manager United Trust Bank Charity 100 day notice account CCL4 deposit account 6,762 2.035 85,000 1.000 95,713 69.035 75.388

NOTES The financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations 2006 usingthe R&P basis. 2023 Fundraising (gr055 income) Coffee mornings Harvest supper Bazaar Draw Flower festival Pop-up pub 51 869 346 652 381 941 3.240 104 678 397 573 1,423 3,175 Bank interest United Trust Bank HSBC 3.360 92 3,452 2,051 31 2,082 Cost of generating funds Coffee mornings Harvest supper Bazaar Flower festival Pop-up pub 185 159 192 168 16 120 625 1,089 955 1,331 In accordance with the Church Accounting Regulations 2006 and s.145 of the Charities Att 2011,1 have examined the books and record5 of St Marfs Church, Ashendon without carrying out an audit and, in my opinion, the Income and Expenditure statement and the Balance Sheet represent a true and fair view of the affairs of the Church for the year ended 31st December 2024. Suzie wys-williams Date 2025 Approved by the PCC on 2024 and signed on their behalf by PCC chairman Kevin P Nash FCIB IPCC Treasurer)