St Leonard's
Church Exfili'i
Annual RerK)rt and Accounts for the year ended 31 st December 2024
Index
Annual Report
Statement of the PCC'5 responslbllltle5
Statement of Flnanclal Artlvltles
io
Statement of Flnancial Posltlon
li
Notes to the Accounts
12-19
Independent Examlner'5 Report
20

St Leonard's
Church I,
Annual Report and Accounts for the year ended 31 st December 2024
Adrnlnistrative Information
St. Leonard's Church is part of the Diocese of Exeter within the Church of England. The
correspondence address Is St. Leonard's Church, Topsham Road, Exeter. EX2 4NG.
The Parochlal Church Council IPCCI is a Reglstered Charlty. Its reglstered number is 1128060.
Its trustees are the members of the PCC.
PCC members who served from l January 2024 to the Annual Meetlng 2024 (24 AprS12024}:
Clergy
Simon Austen (to 3 March 2024) IRectorl
Chris Keane IAssociate Rectorl
Paul Sutton Icuratel
Churchwardens
Alfredda Lake
Tom Rlchards
Deanery Synod (2023-2026)
Matthew Bate
Martin King
Vacancy
Vacancy
Elected PCC Members
12021-20241
Scott Bradrldge
Sharon Gardner
Martina Juma
Jan Porteous
12022-20251
Shell Alsop
Jane Halse
12023-20261
Josh Mannln8
Adrian Midmer tTreasurerl
Alan Savage Ichair, Mission Sub-committeel
Ruth Steele
Ex-officio
Francis Sansbury (Diocesan 5ynodl
Tim Hamilton (General Synod)

St Leonard's
Church Ex(,l('r
Annual Report and Account5 foT the year enda 31 st December 2024
PCC members who served from the Annual Meeting 2024 to 31 December 2024:
Clergy
Vacancy [Rectorl
Chris Keane (A550ciate Rectorl
Paul Sutton {to 31 July 20241 (Curatel
Churchwardens
Alfredda Lake
Tom Rlchards
Deanery Synod (2023-2026)
Matthew Bate
Martln King
Francls Sansbury Ito 26 July 2024}
J05h Mannlng (from 26 May 20241
Shell Alsop lfrom 5 August 20241
Elected PCC Members
(2022-20251
Shell Alsop (to 4 August 20241
Jane Halse (to 31 July 20241
(2023-20261
Josh Manning (to 25 May 20241
Adrlan Mldmer ITreasurerl
Alan Savage Ichair, Mission Sub-committee]
Ruth Steele {to 31 July 2024)
{2024-20271
Paul Douglas
Sharon Gardner
Mlke Morrissey
Robert Steele
Ex-offlclo
Francis Sansbury (Dlocesan Synod) (re-elected to serve 2024-271
Tim Hamilton (General Synod)
Guests
Ruth Clarke Ichildren's & Families, Minlster]
Paul Gardner IRetired Ministerl

St Leonard's
Church INt,l('I
Annual Report and Accounts for the year ended 3 Ist De￿rnber 2024
Strurture, Governance and Management
The method of appointment of PCC members is set out in the Church Representation Rules. All
church attendees are encoura8ed to re8iSter on the Electoral Roll and stand for election to the
pcc.
The Standing Committee conslsts of the Rector, Churchwardens, Treasurer and one elected
memberofthe PCC. Forthe Pccyear beginning May 2024, the Associate Rector joined as a Second
elected member from the PCC in the absence of a Rector. This is the only committee required by
law and hasthe powertotransact buslness of the PCC between meetings, subjectto any direction
of the Council. It meets every other month or as required. Other sub-commlttees also report to
the PCC: Missions, Buildings, Finance and Safe8uarding. There is also a Human Resources IHRI
group which meets, as required. to ensure compliance wlth employment Issues.
The PCC has complied with the duty under Sectlon S of the Safeguarding and Clergy Dlsclpllne
Measure 2016 (duty to have regard to House of Blshops. 8uidance on safeguardln8 chlldren and
vulnerable adults).
Objertlves and Actlvltles
Parochlal Church Counclls
Powers
Meosure 1956
General functions of council;
l. It shall be the duty of the mlnlster and the parochlal church council to consult together
on matters of general concern and importance to the parlsh.
2. The functions of parochial church counc115 shall include
al co-operation with the Rector In promoting in the parlsh the whole misslon of the
Church, pastoral, evan8elistic, social and ecumenical;
bl the conslderation and discussions of matters concernin8 the Church of En8land or anv
other matter5 of reli8ious or public interest, but not the declaration of the doctrine of
the Church on any questlon;
cl making known and puttlng Into effect any provision made by the dlocesan synod or
the deanery synod, but wlthout prejudice to the powers of the councll on any
partlcular matter;
dl givin8 advice to the diocesan synod and the deanery synod on any matter referred to
the council:
el raising such matters as the council consider appropriate with the diocesan synod or
deanery synod
fl appointing sidesmen (who are also known as assistants to the churchwardensl.
The powers conferred on the Council include the power to acquire, manage and administer
property for church purposes and the power to frame an annual budget to finance the mission of
the church. The Council is also given power. jointly wlth the Rector, to appoint and dismlss staff
members and to determlne their 5alarie5 and conditions of service.
The mlsslon of St Leonard's Is to be obedient to the Lord Jesus's command recorded in Matthew
Chapter 28 verses 16 to 20, by seeking to make Jesus known and equlppin8 people to 8row in
maturity as dlsclples of Chrlst.

St Leonard's
Church I
Annual Report and Accounts for the year ended 31 st December 2024
The Church of England's objectives are-
to enhance the Church'5 misslon;
to sustain and advance the Church's work in educatlon, Ilfelong learnlng and
disciple5hip-
to enable the Church to select. train and resource the right people, both ordained and
lay, to carry out public ministry and to encourage lay people in their vocation to the
world,. and
to encourage the malntenance and development of the Inherited fabric of church
buildings for worship and service to the communitv
The PCC ensures that the church's life within the parlsh helps to fulfil those objertives, both locallv
and more wldely through the support of misslon partners.
The PCC is aware of the Charlty Commlssion's 8uldance on publlc benefit in Yhe Advancement of
Religion for the Public Benefit" and ha5 regard to it in Its administration of the Parish. The PCC
belleves that, by fulfillln8 Its responslblllty to work together with the Rector and co-operate in all
matters of concern and importance for the promotion of the whole misslon of the Church,
pastoral, evan8ellstlc and social, It provides a benef5t to the public by:
providing resources and facilities for public worship, pastoral care and spiritual, moral
and intellectual development, both for its members and for anyone who wlshe5 to
benefit from what the church offers;
promotin8 Christlan values, and servlce by members of the church to the communltv,
to the beneflt of indSviduals and soclety as a whole.
The PCC is commltted to enabllng as many people as posslble to worship at St. Leonard's Church
on Sundays and to take part in midweek actlvities. Blble 5tudles and prayer meetings. A 'weeklv
update, is circulated each week to all people who are registered on our database. In addltlon, the
Rector contrlbutes a regular column in the bl-monthly 5t. Leonard's Nelghbourhood Assoclation
News and a comprehensive webslte Is regularly updated.
Church Attendance
The number on the Electoral Roll on 31 December 2024 was 28S12023: 2941. The average Sunday
attendance (not including chlldren under 161 was estimated to be 203, as of February 202512023:
3031. The average Sunday attendance of babies, children and young people {under 1851 was 35 in
Feb 2025 (October 2023: 441. Estimated number in our'worshipping community,, what we would
c311 our church family.. 34912023: 6211, of whom 5012023: 921 are under 18. Number of adults in
a small bible study or fellowship group: 17812023.. 2481. Number of students: 57 12023: 771.

St Leonard's
Church Fx(-l()I'
Annual Report and Accounts for the year ended 31st December 2024
Review of the Year
The PCC met for the regular six meetings during the year. with four additional meetings lone
unminuted discussion morning in January and rneetings in April, July and Au8UStI, to discuss
ministry matters and generally to transact the business of the Parish. The Standing Committee
and Sub-committees for Buildin85, Flnance, Safe8uardln8 3nd Mlssion Support met regularlv
presenting reports for discussion by the PCC to enable it to make informed decisions.
The PCC discussed: ministry needs at St Leonards. the unfolding situation in the Church of England
around the Prayer5 of Love and F31th IPLFI, the proce55 around the Vacancy includlng the
production of the Parlsh Profile and the appolntment of Parish Representatives, Staffing Includin8
the appointment of a Youth and FamS1ies' Minister, Finance5 and Biving, the CEEC 'ln Lamen
material, updating a PCC Mission Action Plan IMAPI, elections to Deanery Synod, Safe8uardln&
Health and Safety and outreach to the St Leonard's Quarter.
All aspects of the church's ministry seek to fulfil the great commission of the Lord Jesus Christ;
that Is, to make dlsclples. The convlctlon of the church Is that God wlll work by His Spirit to achieve
HIS purposes. Our responslblllty, as empowered by that Splrlt, Is to set forth the truth plainly and
clearly and to pray. To that end our authorlty In all Matters of falth and conduct is the Bible.
The Sunday gatherings are our main focus, at whlch there Is systematic teaching of the Bible.
Decisions as to what to preach are made by the Rector, Associate Rector and staff team, based on
a number of criteria:
The preaching history (stretching back to 19991, noting what has and has not been
covered.
A balance across the year of Old Testament, New Testament Gospel and Epistle and
DoctrSne.
An awareness of the questions and concern5 which are raised during regular pastoral
mlnlstry.
Durln8 2024 the followlng booksltoplcs have been studled:
I Samuel 8-20
Luke 19-22
I Corlnthlans 15 & 16
John6&7
Proverbs serles
l Timothy S & 6
Acts 1-5
Ephesians
Joel
In addition, certain Sundays and particular time5 of the year have been dedicated to one-off
sermons. such as at Mission Sunday and other Sundays with mission speakers. Easter, Christma5
and Remembrance.

St Leonard's
Church i-yi,Ii￿l
Annual Report and Accounts for the year ended 315t DeCem￿r 2024
It has been the pattern to linkthe morning and eveningseries wlth the Home Groups and women's
and men's Bible studies so that no-one studies More than two books of the Bible at one time, but
to maximise opportunities to study a book as thoroughly 35 posslble. This also link5 wlth the work
among young people.
In addition to the regular Sunday gatherings, a church prayer meeting was held every other week,
wlth two possible times available for people to attend, and on-going and extensive mlnistry across
a wide a8e-range, including outreach and 'nurture' took place. Variou5 training events and
weekends away were 3rranged through the year.
The PCC were pleased to appoint Luke Markham as a new Youth and Famllles, Minister in July.
Followlng a thorough and extensive process, Including consultatlon with CPAS, as Patron, and
intervlewing a shortlist of candidates, the Churchwardens, as Parlsh Representatives, were
pleased to announce in November the appolntment of Rev. Matthew Rowland, Vicar of Modbury
Mission Community, as Rector with effect from May 2025.
We remaln commltted to exploring the p05slbllity of further staff, particularly for the extensive
minlstry among and to women - and reco8nise the need for additlonal admlnlstrative support.
In August, Paul Sutton, along with around 65 adults and their families. established a new church
{All Salntsl In Exeter under the auspices of the International Presbyterian Church. We welcome
this as a further opportunlty to further the 8ospel.
Flnanclal Revlew
St. Leonard's total Income was £467,546 {2023.' £440,566) and expendlture £418,379 12023:
£417,139). This resulted in an overall surplus, before other recognlsed gains, of £49,16712023:
£23,427).
Post year end we were informed that an Interim payment on a legacy from an estate had been
authorised, so the payment has been reflected as income and an accrual In the accounts. Afurther
smaller payment is expected to be received durin8 2025 once the estate has been finalised.
Wlthout this we would have recorded a deficit of £20,833.
The financlal markets Improved during the year, with the value of the Investment assets increaslng
by £7,133. The church owned houses were also revalued, wlth an increase of£240,000 recognised.
Therefore, the overall movement of funds was posltive by £296,300.
During the year, 8rantS totalling £77,620 were received from the Larkbeare Christian Trust ILCTI
{2023: £82,650) and £5,CMJO from the St Leonard's Christlan Trust ISLCTI {2023: Nlll. Their use is
restricted to supporting non-stipendiary staff and the Ministry Assistant IMA) programme and Is
not therefore available for general expenditure. Durin8 the year. LCT grants helped to fund the
costs of the PCC employing the Children's and Families, Minister, Youth and Families, Minister,
Ministry Assistants IMA'S) and the Church Office team and the SLCT grant was towards the cost
of the Youth and Families. Minister.

St Leonard's
Church Fxi,I
Annual Report and Accounts for the year ended 31 sl December 2024
The original Budget for 2024 was a significant deficit. Majority of our c05t5 are largely fixed but
we saw a reduction in our staff costs as one MA left early in the year, to take up another job
opportunity. and we did not have a replacement MA in September. Our admin staff have
continued as two part tlme role5. However, we were pleased to appoint a Youth and Families,
Minister in July, with them being housed in the Cedars Road property. As a Misslon focussed
church, we continue to support variou5 partners both locally and globally, In addition to provlding
some support to the All Saints Church plant, which happened in August.
Our members, direct8lvln8 held up in line wlth the budget, wlth supportfrom LCT seeinga modest
reduction to that seen in 2023 and we are thankful for the support from SLCT, towards the new
Youth and Familie5, Minister. We have continued to rent out two of the church houses which
provided some valuable regular Income.
Durlng the year. we malntalned a dlalogue wlth the Diocese regarding our financial situation and
partlcularly our Common Fund request and, In view of our situation the Diocese offered a
redurtion in the Common Fund request (from £220,440) to £142,552, beingtheir notional cost of
o full time clergy positions.
Looking forward to 2025, our financial budget again looks like a substantial deficit position and
therefore we wlll need to maintain a close focu5 on all cost areas as well as lookln8 at ways to
increase our income. We are thankful for the continued generous glvlng seen by the church
membershlp.
Reserves
The Reserves Pollcy Is to hold cash or slmllar Ilquid assets equivalent to 3 mlnlmum of 3 months
of normal expenditure.
Followlng the last qulnquennial Inspectlon, varlous works are requlred to the church buildings, for
whlch we have not yet been able to obtaln suitable quotes for, for completion, but we have
designated £75,000 towards completion of some of these works.
Works are also Ilkely to be requlred on the staff houses over the next few years to brlng them up
to current standards, which potentially could involve somewhere in the region of £20,000
£30.000 per house.
Thls recognlses the PCC'S deslre to have a Reserves Pollcy that Is both approprlate to the financial
risks and circumstances of St Leonard's and in accordance with best practice for charities. With
ongoing careful management by the PCC, the Reserves Policy 15 bein8 maintained and will
continue to be reviewed.
We a150 hold a Provision for Liability In respect of the churchyardlboundary wall (see Note 111.
Risk Assessment
The PCC, Finance Committee and staff consider the rlsks pertaining to the church and Its actlvltles
and monitor these. The most significant risks relate to our buildings and to the people, including

St Leonard's
Church I
Annual Report and Accounts for the year ended 31 st December 2024
staff, who use and attend them. The pollcles with Ecclesiastical Insurance Group provide adequate
insurance cover for all the buildings for which the PCC is responsible and for other matters such
as employerfs and public liability. Pollcles on Health and Safety and Safeguarding are kept under
regular review by the PCC.
Plans for Future Perlods
Looking ahead, the PCC anticipates further discussion about expansion of mlnlstry with regards to
staffin& finance including the diocesan parish share, buildings and the issue5 which face the
Church of En8land in coming months and years. There remalns continued uncertalnty regardin8
appropriate accommodation for orthodox evan8ellcal churches under Livln8 in Love and Falth
ILLFI. Our concern is always to do that which will most help people to come to faith and grow in
falth. Through prayer and the mlni5try of the word we trust God's work throu8h Jesus, by His Splrlt,
all done for His glory.
Statement of the pces Responslbllltles
The PCC is responslble for preparln8 the annual report and the flnancial statements in accordance
with appllcable law and regulations.
CharSty law requires the PCC to prepare flnancial statements for each financlal year. Under that
law the PCC has elected to prepare financial statements In accordance wlth the Unlted Kingdom
Generally Accepted Accounting Practice (United Kingdom Accountln8 Standards and applicable
lawl. The financial statements are required by law to 8ive a true and falr view of the state of affairs
of the charity and of Its surplus or deficit for that perlod. In prep3rln8 these financial statements
the PCC Is requlred to..
select suitable accountlng policles and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accountlng Standard5 have been followed, subject to any
materlal departures disclosed and explained in the financlal statements,. and
prepare the financial statements on a golng concern basls unless It is Inapproprlate to
presume that the charity wlll continue in operatlon.
The PCC is responslble for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial position of the charity and enable It to ensure that that these
financial statements comply with the Charities Act 2011. It is also responsible for safeguarding the
charity'5 assets and taking reasonable steps for the prevention and protection of fraud and other
irregularities.
PCC Vice Chair
10 March 2025

St Leonard's
Church FYoilL'I
Annual Rewrt and Account5 for ihe year ended 31 st December 2024
Statement of Financial Actlvitles ISOFA}
Vnre5trlcted
fund5
Restritted
fund5
Endowment
fund5
Total fund5
Prioryeor
Aunds
Incomlng resources
Incoming resources from
generated funds
-voluntary Income
-Activities for generating
nds
-Investment income
Incomlng resources from
charitable activities
Other Incomln8 resources
TDtsI Incomlng resources
Resources used
Charitable activlties
Governance costs
Other resources used
297,284
13,926
311,210
267,919
5,588
46,051
12.584
5,588
55,544
12,584
6,501
65,545
17.951
9,493
82,620
106,039
82.620
467,546
82,650
440,566
361.507
321,856
96,523
418,379
417,139
Totsl resources used
321,856
96,523
418,379
417,139
Net 5ncome l lexpendlturel
39,651
9,516
49,167
23.427
Transfers
Gr05S transfers between
fund5- in
Gross transfers between
funds- out
Net Income I lexpendlture)
9,493
19,4931
23
49.144
49,167
23,427
Other recoqn15ed
qolns/losses
Galn51105ses on Investment
assets
Gains on revaluation, flxed
ssets, charivs own use
7,133
7,133
22.324
240.CKX)
240,000
Net movement In funds
49,144
23
247.133
296.300
45, 751
Reconclllotlon oAAund5
Total funds brou8ht forward
266,007
5,368
1,401,485
1,672.860
1.627.109
Total funds carried forward
315,151
5,391
1,648,618
1,969,160
1.672.860
io

St Leonard's
Church F.xo.Ii I
Annual Report and Accounts for the year ended 31st Decemkr 2024
Balance Sheet
2024
2023
Note
Flxed Assets
Tangible assets
Investments
1.339.365
1,109,208
1,652,983
1,415,693
Current assets
Stocks & work5 In progress
Oebtors
Cash at bank and in hand
73,444
4,368
357,298
302,604
Credltors: amounts falllng due withln l year
io
14,121}
(8,437)
Net current assets
2AIL7
Total assets less current Ilabilitles
2.006.160
1,709,860
I Provlslons for Ilabllltles
li
137,0001
{37,OOOJ
Net assets
L969,160
1,671860
Represented by:
Unrestricted funds- General
Unrestrlcted funds- De51gnated
Restrlcted funds
Capital funds
240,151
75,lJJO
5,391
1,648,618
191,007
75,000
5,368
1,401,485
Fund$ of the church
1,969.160
1,672,860
The notes on pages 12 to 19 form part of these accounts
Approved by the Parochial Church Councll and signed on Its behalf on 10 March 2025 by..
Tom Rlchards, PCC Wce Chairman
Adrian Midmer ITreasurerl
li

St Leonard's
Church
Annual Report and Accounts for the year ended 31 st December 2024
Notes to the accounts
Accountln
Pollcles
Basss of accountlng
These Accounts have been prepared under the Church Accounting Regulations 2006 in accordance
with Accounting and Reporting by Charities.. Statement of Recornmended Practlce applicable to
charities preparin8 their account5 in accordance with the Financial Reporting Standard appllcable in
the UK and Republic of Ireland IFRS 1021 (effective l January 20151 (Charities SORP IFRS 10211, the
Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021. The accounts are
prepared under the h15torlcal cost conventlon except for the valuation of Investment and property
assets, whlch are shown at market value.
The PCC meets the definition of a publlc benefit entity under FRS 102.
The trustees consider that there are no material uncertalntles about the ability to contlnue 35 a goln8
concern.
b)
Statement of Compllance
The financial statements have been prepared In accordance with FRS 102 - the Flnancial Reporting
Standard appllcable In the UK and Republlc of Ireland. There are no materlal departures from FRS 102.
Funds
The General Fund represents the funds of the PCC that are not subject to any restriction5 re8ardln8
their use and are avallable for application on the general purposes of the PCC. Funds designated for a
particular use by the PCC are also unrestricted. The accounts include all transactions. assets and
liabilities for whlch the PCC is responsible In law. They do not include the accounts of church group5
that owe thelr main affiliation to another body or those that are Informal gatherln85 of church
members.
The Thornas Mlnlstry Fund recelves Income restrlcted 'for the 5UPPOrt of the ministry wlthln St
Leonard's,. Thls Is transferred to the St Leonard's General Fund for the support of clergy expenses, the
solary and expenses of non-cler8y employed staff and expenses pald to visiting preachers. The amount
necessary to meet these expenses Is transferred each year.
The Larkbeare Christian Trust 15 a restricted fund, which makes grants to the PCC to support the costs
of the non-stipendiary staff and the Ministry Assistant tralning programme. During the year grants
amounting to £77,620 were received for this purp05e.
The St Leonard's Chrlstlan Trust, Charity No. 1178981, is a CIO Set up for the advancement of the
Christian Faith, for the benefit of the public, in the City of Exeter and neighbouring area5. During the
year, a grant of £5,000 was received towords the cost of the Youth and Families. Minister.
The Property Fund and the Investment Fund are capital funds consisting of the Properties and
endowment funds described in note 2.
12

St Leonard's
Church I
Annual Report and Accounts for the year ended 31 st Decemkr 2024
d)
Incoming Resources
d il Voluntory Income and Capltol Source5
Donations are recognlsed when received by or on behalf of the PCC. Income tax recoverable on Gift
Aid donations Is recognlsed when the associated donation is reco8nised.
Grants and legacies to the PCC are accounted for as soon as the PCC is notifled of its legal entitlement,
the amount due is quantifiable and its ultimate recelpt by the PCC Is reasonably certain. Fund5 raised
by fundraising events are accounted for gross. Bookstall sales are accounted for gmss.
d ill Other Income
Rental Income from the lettin8 of Church premises 15 reco8nised when the rental Is due.
d illl Incomefrom Investments
Dividends are accounted for when due and payable and Snterest entltlements a5 they accrue.
d Iv) Goins ond Losses on Investments
Reallsed galns or losses are reco8nised when investments are sold. Unreallsed gains and1055es are
accounted for on revaluation of investments at 31 December.
Resources Used
Grants and donatlons are accounted for when pald over, or when awarded, If that award creates a
blndln8 obll8ation on the PCC. The Common Fund contribution15 accounted for when pald.
Flxed Assets
f11 Other Fixture5. Fittlnqs, Office Equipment and Telephone System
Equipment used wlthln the church premlses is depreciated on a stralght-llne basts over 4 year5. except
for the Church Centre heatln8 boilers, whlch were replaced In 2016 and are depreciated over 10 years.
Equlprnent with a purchase price of £l,CAJO or less Is written off when acquired.
f ill Property
Staff houses are shown at market value, assessed as at 31 December 2024. Formal valuatlons are
normally obtained every five years. but are updated In the event of abnormal fluctuations In the
property market or other material changes in circumstances. No value ha5 been included for the
cuItNated part of the churchyard adjacent to Larkbeare Road.
Investments
Investments are stated at market value at the balance sheet date. The SOFA include5 the net 8ains
and105ses arising on revaluations and disposals throughout the year.
13

St Leonard's
Church FN(Il£'i
Annual Report and Accounts for the year ended 31 si December 2024
Current Assets
Amounts due at the year-end In respect of fees, rents or other income are shown as debtors.
Financial Instruments
The PCC only has flnancial assets and flnancial Ilabllltles of a klnd that qualify as basic financial
Instruments. The PCC currently holds debtor5 and creditors.
Unrestricted
Funds
Restricted
Funds
Total
Funds
Total
Funds
2 Voluntary income
Planned glving:
Gift Aided donotions
Tox recoveroble thereon
Donotlons (GA cloimed by 3,° Party)
Tox recovered thereon
Cht7rlty voucher5
Other plonned giving
Collections
Gift Aid on Small Oonations
106,075
27,337
9,093
2,273
267
55
115,168
29,610
267
55
47,314
33,838
10,087
2,021
127,912
32,239
47,314
33,534
10,087
2.021
48,979
43,340
10,478
2.524
304
Planned aDd rngular ilvln8
226,368
11,992
238,360
265,472
Non-recurrln8 donations:
Gift Aided donations
Tox reclaimed
Other donations
Legacies
343
85
488
70,CK)O
593
148
1,193
936
233
1,681
70,000
315
2.053
Totsl voluntary Income
297.284
13.926
311,210
267.919
3 Investment & rental income
63 Cedars Rd. & other rents
Interest from bank accounts
Thomas Trust Income
other Trust income
38,686
7,015
38.686
7.015
9,493
350
50,146
5, 789
9,265
345
9,493
350
46,051
9,493
55,544
65,545
The endowment funds are held in UK common investment funds ICBF Investment Fund and M&G
Charifundl with the Diocesan Board of Finance as custodian trustee and are detsiled in Note 8. The Thomas
bequest produces the Thomas Fund income. Other investments eorn income for the General Fund. Two
houses were let on Assured Shorthold Tenancies whlle not required by the church as staff or ministry
assistant accommodation.
14

St Leonard's
Church Fx(*l('I'
Annual ReFY)rt and Account5 for the year ended 31 st December 2024
4 Income from church actlvltles
2024
2023
Junior Jivers Income
Chlldren/Youth Income
Lens Income
Student Income
Special Event Income
Wedding & Funeral Fees
Sulldry income
Subtotal
Centre Bookln8s & churchyard Income
536
211
1,232
1.393
6.696
2,246
270
12.584
5,588
18,172
525
267
1.132
1. 779
8,557
2.515
3,176
17.951
6.501
24.452
S Other Incomln8 resources
2024
2023
Grants from Larkbeare Christian Trust IRe5trlcted Funds)
Grant from St Leonard's Christian Trust (Restricted Fundsl
77,620
S,OCN)
82.620
82.650
82,650
6 Cost of church artlvltles
2024
2023
Common fund contrlbution
Staff Costs (see also note 6a)
Bulldin8s & Other Property Malntenance
Houses- Insurance & utilltles
Donations to Misslon Partners & Agencies
Church & Centre utillties
Church & Centre insurance & runnln8 Costs
Photocopying & printlng
Telephone, webslte & IT support
General expense5
Ministry
Special Events
Bookstall. Other Books & Bibles
Copyright fees
Depreciation
Wedding & Funeral expenses
Sundry expenses
Legal and professlonal fees
Specific items expenditure
142,552
105,044
31,656
1,676
74,199
13,485
18,668
736
2,299
1,961
5,401
6,9(Xl
923
149.974
129.033
10,862
3.790
59,179
13,807
15,007
612
2.127
1,827
6,004
io.iio
1,092
1, 744
9,843
231
877
720
300
417.139
1.833
9.843
305
178
720
418,379
15

St Leonard's
Church FY(.Ic i-
Annual Report and Account5 for the year ended 31 st De￿rnber 2024
6a Staff Costs
2024
2023
Gross salaries
Employers, National Insurance
Penslon Contributions
Staff trainin8, development and expenses
88,494
2,266
10,677
3,607
105,044
102,841
2,199
14,179
9,814
129.033
The average numberof ernployee5durlngthe year was 4ofwhom 2 were part time (2023.. 6. of whom
2 part time). No employee earned total emoluments exceedlng £60,OCM) in the year.
None of the trustees or any persons connected wlth them received any remuneratlon durlng the
period. 3 trustees were reimbursed a total of £77612023.. 3/£2,303J for expen5e5 incurred in the
line of their dutles. These are Included In staff costs.
Of the staff costs. £82,620 has been covered by grants received from Larkbeare Chrlstlan Trust and
St Leonard's Chrlstian Trust.
7 Tanllble flxed assets
Property
Equipment
Total
Cost or Valuatlon
As at l January 2024
Additions
Revaluation
As at 31 December 2024
1,095.000
80,304
1,175,304
240,OC
1,335,OQM)
240,C
1,415,304
80,304
Depreclatlon
As at I january 2024
Charge for the year
Disposal
As at 31 December 2024
66,096
9,843
66.096
9,843
75,939
75.939
Net Book Value
As at l January 2024
As at 31 December 2024
1.095,000
1,335,000
14,208
4,365
1.109.208
1,339,365
The 3 houses owned bythe PCC were valued on 31 December 2024 by Southgate Estates, with the
previou5 valuations from 2018 shown in brackets, as follows:
27 Barnardo Road
£490,C()01£450,0001
63 Cedars Road
£530,(MJO1£335,0001
26 St. Leonard's Ave. £315,rKJo1£310,0001
16

St Leonard's
Church .
Annual Report and Accounts for the year ended 31 st December 2024
8 Investrnents
2024
Thomas
Trust
2023
Total
other
Totsl
Market value at l January 2024
Revaluations
Market value at 310ecember 2024
12,578
285
12,863
293,907
6,848
3￿,755
306,485
7.133
313.618
284,161
22,324
306,485
The Thomas Trust is a restricted endowment fund- see Note Icl In accounting pollcles and Note 3
concerning where the funds are invested.
9 Debtors
2024
2023
Debtors
Accruals
Prepayments
Gift aid tax owln8
146
70.0()J
200
3,098
73,444
1.645
175
2,548
4,368
10 Credltors: Amount5 fallln8 due wlthln one ￿ar
2024
2023
Credltors
Diocesan fees
Receipts in advance
A8ency Collectlons
2,255
489
1.357
20
4,121
6,957
187
1,293
8,437
11 Provlslons lor Ilabllltles
Total
At l January 2024
37,CA)O
Utilised
At 31 Detember 2024
37.000
We hold a Provision for Liability in respect of the churchyardlboundary wall.
12 Related party transartlons
There were no transactions undertaken by or on behalf of the PCC in which a connected person or
other related party hod a material interest. Durin8 2024 the PCC recelved £57,628 in donations from
trustees IPCC members) and their close relatives. The donors dld not attach any conditions to their
gifts which required the charity IPCCI to alter the nature of its existing activities.
17

St Leonard's
Church Ex£'l,
Annual Report and Accounts for the year ended 31 st December 2024
13 Flnancial commltments
At 31 December 2024 the charity had no financial commitments {2023- £NII).
14 Funds
Opening
Net
resources
Transfers
Gains1
losses
Closlng
Unre5trlcted funds
General fund
Desi8nated fund
Total unrestrlcted funds
191,007
75,000
266,007
39,651
9.493
240.151
75.000
315,151
39,651
9,493
Restrlcted funds
St. Leonard's Quarter
Other
Total restrlcted funds
5,OCX)
368
5,368
5.0
391
5,391
9,516
9,516
19,4931
{9,4931
Capltal funds
Property fund
Investment fund
Total capltal funds
1,095,0
306,485
1,401.485
240,CNJJ
7,133
247,133
1,335,CMIO
313,618
1,648,618
TOTAL FUNDS
1,672,860
49,167
247,133
1,969,160
The PCC has resolved that a sum of funds should be deslgnated, to cover future bulldlng costs
followlng the Quinquennial review and In relation to works we have been looking to complete over
recent years. If these monies are not required, then we will release the fund5 back to General funds.

St Leonard's
Annual Report and Accounts for the year ended 31 st December 2024
15 Statement of flnanclal actlvlties for the year ended 31 Decernber 2023
ilnrestrfrted
Restrlrted
lund5
funds
Endowment
fvnds
Total fund5
Prioryeor
fvnds
Incomlng resources
Incoming resource5 from
generated funds
-voluntary Income
-Activltles for generatlng
funds
-Investment Income
Incomlng resources from
charitable activities
other incoming resources
Total Incomln8 resour¢e$
Resources Used
Charltable activitles
Govemance costs
Other resources used
267,568
351
267,919
332,422
6,501
56,280
17,951
6,$01
65,545
17,951
5,963
52,665
16,582
9,265
82,650
92,266
82,650
440,566
96, 750
504.382
348,300
334,138
83,CNJI
417,139
464.907
Total resources used
334,138
83.001
417,139
464.907
Net Income l (expendlturel
14,162
9,265
23,427
39.475
Transfer5
Gross transfers between
funds- In
Gross transfers between
funds - out
Net Income l {expendlture)
9,265
9,265
23,427
23.427
39,475
Other retognlsed
qolns/losse5
Gainsl105ses on Investment
assets
Galns on revaluatlon, fwed
assets, chariW5 own use
Net movement In fvnds
22.324
22,324
134 827J
23,427
22,324
45,751
4.648
Reconclllatlon olfvnds
Total funds brought forward
242,580
5,368
1,379,161
1,627.109
1.622,461
Total funds carried forward
266,IxJ7
5,368
1,401,485
1,672,860
1,627,109
19

St Leonard's
Church I x('l£'i
Annual Report and Accounts for the year ended 31 st De￿fflber 2024
Independent Examlnerfs report to the PCC of St Leonard's Church
I report on the accounts of the PCC for the year ended 31 December 2024, which are set out on pages
10 to 19.
Respective respon51bilities of the PCC and Independent examiner
As members of the PCC you are responslble for the preparation of the accounts: you consider that
n audit Is not required for thls year under sectlon 144121 of the Charities Act 2011 (the 2011 Act)
and that an independent examination is needed. It is my responsibility to..
examine the accounts under section 145 of the 2011 Act,.
follow the procedures lald down in the General Directions 8iven by the Charlty Commisslon
under section 14515llbl of the 2011 Act,. and
state whether partictjlar matters have come to my attention.
Basls of Independent examlnerfs report
My examinatlon was carrled out In accordance wlth the General Directlons 8Sven by the Charity
Commlssion. An examination includes a review of the accountln8 records kept by the PCC and
comparlson of the accounts presented wlth those record5. It also includes consideration of any
unusual items or disc105ures in the accounts and seekln8 explanations from you as PCC members
concerning any such matters. The procedures undertaken do not provide all the evidence that would
be required Sn an audit, and consequently no oplnion Is given as to whether the accounts present
"true and fair view. and the report is limlted to those matters set out In the statement below.
Independent examlnerfs ststement
In connection with my examlnation, no matter has come to my attention:
which glves me reasonable cause to belleve that in any material respect the requlrements..
to keep accountlng record5 In accordance wlth sectlon 130 of the 2011 Act; and
to prepare accounts which accord with the accountlng records and comply with the
requlrement5 of the 2011 Act
have not been met,. or
2. to which, In my opinion, attentlon Should be drawn In order to enable a proper understanding of
the accounts to be reached.
Signed:
Date..
Ig vl. ZoZ£
David Tolhurst FCA
11 Lilley Walk
Honiton
Devon EX14 2EA
20