¢ Saintjames
THE PAROCHIAL CHURCH COUNCIL
OF THE ECCLESIASTICAL PARISH OF ST JAMES
GERRARDS CROSS WITH ST JAMES FULMER CHARITY
REGISTRATION NUMBER 1129332
FINANCIAL STATEMENTS
For The Year Ended
31 December 2024

CONTENT
Legal & Administrative Information
Membership
Statement of Trustees, Responsibilities
Training of Trustees
Public Benefit
Professional Advisers to the PCC
Structure, Governance and Management
Risk Management
Church Attendance
PCC Review of the Year
Financial Review
Statement of Financial Activities
12
Balance Sheet
Statement of Cashflow
14
Notes to the Accounts
15
Independent Auditor's Report
27

LEGAL AND ADMINISTRATIVE INFORMATION
The Parochial Church Council {PCCI is a corporate body established by the Church of England.
It operates under the Parochial Church Council Powers Measure and in 2009 was registered with
the Charity Commi55ion as The Parochial Church Council of the Ecclesiastical Parish of St James
Gerrards Cr055 Wlth St James Fulmer with Charity Registration Number 1129332. During 2024
the PCC of St. James, Gerrards Cross with Fulmer has had the responsibility of working with the
Rector, the Revd. Matt Beeby, in promoting in the ecclesiastical parish the whole mission of the
Church, a5 set out in Our Vision statement and in the Mission Action, and Mission Execution
plans. It also had responsibility for the maintenance of the two parish churches, their graveyards,
The Saint James Centre and two houses occupied by members of staff.
MEMBÉRSHIP
Members of the PCC are ex officio, elected by the Annual Parochial Church Meeting IAPCM} in
accordancewith the Church Representation Rules or co-opted by the PCC. Members ofthe PCC
are Trustees of the Parish of St James Gerrards Cross with St James Fulmer. During the year the
following served as members of the PCC..
Incumbent
Curate
The Revd. M Beeby
The Revd. D Meirion-jones (until June 2024)
The Revd. C Lamer
Associate Minlster for St James Fulmer
The Revd. Jill Roth {until November 2024)
Wardens
Dr Andrew Bell
Mrs Francesca Hall Drinkwater
Mr Gary Palmer
General Synod Representative
Dr Andrew Bell
Diocesan Synod Representative
Mrs Stephanie Summerell (until August 2024)
Mr Lawrence Tebboth
Deanery Synod Representatives
Mr Lawrence Tebboth
Mrs Francesca Hall Drinkwater
Mrjonathan Rushworth (until April 2024)
Mr lan Mitton
Mrs Heather Ashby-Rose
Mr John Young
Mr Tim Ogunleye
Mr Tom Kitching (from April 2024)
Elected Members
Mrs Rebecca White (until April 2024)
Mrs Mandi Townsend (until April 2024)
Mr Richard Lawrence

Mrs Kathryn Lovewell (until April 2024)
Mr John Stanley (until April 2024)
Mr Will Coomber
Mrs Liz Lee
Mr David Steel.. Treasurer
Mrs Bola Akinseye
Mr Simon Bailey (from April 2024)
Mrs Stephanie Summerell (from April 2024)
Mrs Joan Filler (from April 20241
Mrs Tish Littlewood Ifrom April 2024)
In Attendance
Mr David Irvine, PCC Secretary
Mrs Ann Green. Safeguarding Officer
Mr Mark Nicolas, Operations Director
STATEMENT OF TRUSTEES. RESPONSIBIUTIES
The members of the PCC (Trustees) are responsible for preparing the Trustees, Annual Report
and financial statements in accordance with applicable law and United Kingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare Firiancia
ststements for each financial year which give è true and fair view of the Statement of Affairs of
the charity and of the incoming resources and application of resources of the charity for that
period. In preparing those financial statements the Trustees are required to:
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP.
make judgments and estimates that are reasonable and prudent.
state whether applicable accounting standards have been followed, subjert to any
material departures disclosed and explained in the financial statements.
prepare the financial ststements on the going concern basis unless it is inappropriate to
presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with
reasonable accuracy at any time the financial position of the charity and enable them to ensure
that the financial statements comply with the Charities Act 2011, the Charity (Accounts and
Reports) Regulations 2008 and the provisions of the Parochial Church Council Measure119561
as amended and Church Representation Rules. They are also responsible for safeguarding the
assets of the charity and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
TRAINING OF TRUSTEES
New Trustees are provided with induction material, are encouraged to attend an annual half-
day training event, engage with experienced PCC members during the first year, and are invited
to join PCC committees thus connecting their skills to the work of the PCC.

PUBLIC BENEFIT
The Trustees have considered the Charity Commission's guidance on public benef1t, and
particularly the specific guidance on charities for the advancement of religion. when reviewing
the Trust's aims and objectives and in planning future activities and setting the grant making
policy for the year. The activities of the church in the pursuit of its aim include Sunday services,
midweek services, Prayer Central, midweek Growth Groups, Connect Groups, Explore courses,
Toddler Groups, Sunday School classes, Youth Groups, Friendship Lunches, the EQUIP course,
Marriage courses, Parenting courses, Daily Devotionals, 1..1 mentoring, ministry training and
giving to missions that fit our charitable purposes. The activities of the church provide benefit
not only to the regular attendees at Saint James, but also to the residenls of the parish and
further afield. This includes providing financial assistance, where appropriate, through both the
Refugee and Relief Funds.
PROFESSIONAL ADVISERS TO THE PCC
Auditor
Wenn Townsend
Oxford
OX13LE
Bankers
National Westminster Bank PIC
Uxbridge (A) Branch
Unit 227-228 Intu Shopping Ctr
The Chimes
High Street
Uxbridge
UB81LA
STRUCWRI GOVERNANCE AND MANAGEMENT
PCC STANDING CoMMIThEE (PREVIOUSLY, THE LEADERSHIP TEAM)
The PCC Standing Committee (PSCI is set up by the PCC with the general responsibility to-.
transact the bLJSiness of the PCC between PCC meetings, provide govemance on confidential
matters, steer projects on behalf of the PCC, and manage the workload of the PCC by planning
agendas, and filtering, shaping, or reducing the work requests that would otherwise go directly
to the PCC.
RISK AUDIT FINANCE TEAM {RAFT)
Oversee risk, audit and finance governance activities on behalf of the PCC. Key areas of
responsibility relate to the following outcomes: Finances are managed well in line with relevant
authorities, our vision is enabled f1nancially, risks are managed and controlled, and our
operation is 'compliant with the relevant regulatory requirements,, and our governance model
is working to enable ministry.
PEOPLE AND CULTURE TEAM (PACT)
PACT is a committee ofthe PCC that has been set up to take responsibility on behalf ofthe PCC
for ensuring.. our people are safe, our staff team is cared for, our ministry culture is healthy, and
our communication is effective.

BUILDINGS AND FABRIC TEAM {BAFT)
The PCC Standing Committee (appointed in July 20231 will continue to caretake the
responsibilities of the BAFT on behalf of the PCC as an interim measure until such time as the
BAFT is established. This includes overseeing all maintenance, repairs and improvements to the
churches, The Saint James Centre, grounds, and other church properties.
GLOBAL MIssioN TEAM
Recommends and takes responsibility for the implementation of policies to raise interest in
Christian mission beyond the parish at home and abroad. Recommends and provides direct
support links between mission partners and the parish. Recomrnend5 Outside giving policy and
identifies the sums to be allocated to individual charities from the sum approved by the PCC
each year for outside giving.
RISK MANAGEMENT
During 2024 the risk register, which summarises and profiles the key risks faced by the PCC, was
reviewed and updated. It sets out each risk area, the associated risk ratings, and the control
actions needed to reduce the risks to an acceptable level. Each risk area has an owner, often
the PCC itself, that has the responsibility to review regularly the control actions to ensure risks
are effectively managed. The key risks are shown below, with their associated preventative
actions.
Key Risk Area
The Faithful
Proclamation of the
Gospel
Preventative Action Taken
PCC members are each part of a Growth Group and are regular
Sunday attendees.
Preaching is regularly reviewed by the Ministry Team
Growth Group leaders received regLJlar training.
Wellbeing of Children,
Young People
and vulnerable Adults
All volunteers are recruited following 'Safer Recruitment,
9uidelines issued by the Diocese of Oxford. This includes reference
checks, completion of a criminal record checks from the Disclosure
& Barring Scheme {DBSI and the completion of a 'confidential
declaration,.
All volunteers are trained in their ministry area and are given a
safeguarding briefing.
We have a Safeguarding Officer appointed for advice and for
answering queries.
We can also speak to the Diocesan Safeguarding Officer as
required.
The PCC has complied with the duty under section 5 of the
Safeguarding and Clergy Discipline Measure 2016 (duty to have
due regard to the House of Bishop's guidance on safeguarding
children and vulnerable adults).
Sites & Buildings
The Buildings & Churchyards Team (the working group that
reports to the BAFT) complete regular checks of the sites,
buildings, and houses that the PCC are responsible for.
In addition to ongoing maintenance programmes, faults and
repairs are dealt with in a timely fashion.

Events
All events which take place in any of the PCC'S buildings are
required to complete a Risk Assessment detailing the risks
associated with set-up, safety of participants, fabric & fittings, and
equipment.
Events will be attended by a staff member or a responsible lay
person (e.g. a warden) who will be trained in health and safety le.g.
evacuation, locking the building, first aid response)
Any volunteers using the kitchen in the Saint James Centre will be
asked to complete a Level 2 Food Hygiene Certificate and to
comply with the Food Standards Agency guidelines for the storing
of food, and to complete the appropriate records.
CHURCH AThENDANCE
There is a statutory requirement to revise the Ecclesiastical Electoral Roll completely every six
years and to update the Electoral Roll each year. The last full revision took place in April 2018
when 533 people were recorded on the Roll.. 444 on the Gerrards Cross section and 89 on the
Fulmer section. The next full revision of the Electoral Roll wi11 take place in April 2025.
The usual Sunday attendance, in the last quarter of 2024 was 267 adults and 50 children: 228
adults and 49 children in Gerrards Cross and 39 adults and I child in Fulmer.
PCC REVIEW OF THE YEAR
Aims Objectives & Activities
Ourvision is to see every life transformed. Through Jesus. ForGod's glory. This mean5 a church
where, by God's grace, we are reaching, growing, and resourcing..
Rea¢hing...our communities with the gospel.
Growing. .disciples to maturity.
• Resourcing...the kingdom beyond our postcodes (regionally, nationally and globally).
To realise this vision, we are building our ministry around our 5 Biblical purposes, each of which
flows out of the gospel message: Jesus is Christ the Lord.
MagnifJcatFon: rejoicing in God with all our hearts and all of our lives.
Misslon: living to see God's kingdom grow as more people are saved.
Membership: welcoming people into a family that cares for each other.
Maturity: growing in the likeness of Christ through the gospel and by his Spirit.
Mlni5try. serving God with the gifts his Spirit has given u5.
We are meeting, 35 a church, as three congregations in Gerrard5 Cross and Fulmer. In Gerrards
Cross- The 10..00, and The 5'.30. In Fulmer.. The 11'.15.

Each of our 5 Biblical purposes is underpinned by prayer, because 'unless the LORD builds the
house, its builders labour In vain.. (Psalm 127.'1). With that in mind, we have continued to meet
monthly, as a church family, to pray for the needs of our world and our church. It has been
encouraging to see people come together from across our three congregations in prayer and
fellowship and we have continued with Zoom as a means of digital attendance for some who
would not otherwise be able to attend. We have also continued to focus on a particular theme
each month, as well as hearing updates from our mission partners.
Encouragingly, we have seen signs of spiritual growth right across our church family, as people
have responded to the teaching of God's word and the work of the Holy Spirit in their lives.
Explore group5 and other evangelistic initiatives have continued, enabling enquirers to find
out more about the claim5 of Jesus. Connect groups have seen new joiners welcomed and
cared for as thewve arrived at Saint James. Growth Groups have continued to meet to study
God's word, and to care for and encourage one another in the messiness of life. We are
thankful for growth in our youth and children's work and for many families those small. but
growing, communities are a key source of spiritual encouragement for our young people and
their parents.
Numerically, we are growing in both our morning and evening congregations in Gerrards Cross
and we praise God for his goodness and kindne55. We have an increasing number of guests
and newcomers with us week-by-week and it is encouraging to see many showing interest in
our Explore ministry.
On the Ministry Tearn, we said farewell to Daf Meirion-jones, who moved with his family to the
parish of Penn Street & Holmer Green. We thank God for the Meirion-jones family and we
rejoice in both their work amongst us here at Saint James and the new ministry that Daf has
now taken on. We also said goodbye to Jill Roth, who stepped down from her role as Associate
Minister for Fulmer, in December. After eight years on the team, Jill leaves with the love, respect
and gratitude ol many in our church family, not least in Fulmer, where her ministry has been
greatly appreciated.
Meanwhile, in April we welcomed Dan Hubbard to the team as Comms & Membership Lead
and his ministry has been well received across the church family. Then in September, Jenny
Williams arrived to take on the post of Associate Pastor for Women,. and she has been a great
blessing to our church family. We also welcomed Alicia Morrow, whojoined us in February from
Adelaide, as a Ministry Assistant and it has been a joy to see her throwing herself into a whole
range of ministries. In the Operations Team, we said goodbye to Hazel Robinson, after seven
years of faithful service as our Finance Officer and we welcomed Shakira Robbins Armstrong as
her replacement. Having completed his training on the Ministry Associate Programme, Otto
Summerell joined us full time as a Ministry Co-ordinator. We are delighted to have both Shakira
and Otto onboard.
Whilst we are thankful for God's provision, we remain passionate about the 'every member
ministry, championed by the Apostle Paul in Ephesians 4-11-16. A healthy church is one in
which all God's people are serving together. With that in mind, it has been hugely encouraging
to see so marby people involved in gospel ministry and contributing to the life of our chuich
in different ways, The body of Christ has been built up, as a result.

As always, our Vision Dinners were a great ¢xcasion. The Saint James Centre was brimming
with energy as we launched the academic year from Ephesians 4, to think about "Building the
body.. ' Wefinished thecalendaryearfocused on mission with a packed Christmas programme
and a feast of music, with numbers of guests vp yet again (and significantly) on the previous
year- and encouraging signs of evangelistic energy across the church family.
As always. we are grateful to the Operations Team and others in the church family who do so
much to enable us all to stay in touch with what is going on. In an increasingly digital world,
we are aware that there is more to do to enable better communication. but we are continuing
to make progress as we upgrade our processes and systems and adapt to new technologie5.
As a church we are continuing to engage with the pastoral and political implications of the
Church of England's Living in Love and Faith initiative, and the introduction of Prayers of Love
and Faith. The PCC remains committed to constructive and prayerful engagement on these
issues, to ensure that we remain faithful to the gospel.
We will report fully on progress across our 5 Biblical purposes: our different congregations and
in our Youth & Children's work, at the end of the academic year. Prayer Central in July will be
given over to prayer & thanksgiving as we look back on 2024-25 and celebrate what God has
been doing amongst us.
In all the above, l am thankful to God for the faithful and sacrificial service of our
Churchwardens, Clergy, Staff and PCC over the past year- and of course the commitment to
the gospel shown by so many in our church family. We have so much to be thankful for- and
we know that it is 'only God who makes things grow."11 Corinthians 3.71.
FINANCIAL REVIEW
Basis of presentation
The accounts show income and expenditure on both Restricted and Unrestricted Funds. The
Unrestricted Funds are further split between the General Fund and various Designated Funds.
The Financial Review focuses mainly on the General Fund unless Otherwise indicated. This is
shown in the column headed -unrestricted Funds. on page 12.
Overview of 2024 General Fund
We started the yearwith a PCC approved budget deficit of £188,568 and as a result ofanother
year of God's provision, we have ended up reporting a surplus of £6,839 {after fund transfers).
The-headline" total income figure of £887,147 was 11% up on the 2023 equivalent income of
£796,352. Voluntary income, being the income received directly from the members of the
church family, at £807,376, was up 10Yo on the 2023 figure of £733,174. This increase was
primarily due to a large number of "one off" type gifts, with the regular standing order giving
being down 20%to £336,678 (2023: £418,924). The regular"bedrock" giving represented 42%
of the total, down from 57% in 2023. Whilst we are incredibly grateful for all forms of giving,
the move away from the regular forms of giving makes medium/long terrn planning more
difficult due to the uncertainty surrounding regular giving.
The General Fund benefited from the ongoing high rates of interest received on the cash
deposits, with £32,851 being received (2023: £27,349).

Total expenditure for the year at £864,169 was 6% higher than 2023 {£811,958). The "core"
2024 expenditure of running all our ministries and other activities (excluding outside giving
and governance costs) at £786,439 was up 8% from the equivalent £728,360 in 2023. There
were significant savings due to an ordained member of the staff team leaving us in mid-2024
(saving both payroll and housing costs) plus only 50% of the Parish Share being paid to the
Diocese of Oxford from October 2024 (note that the balance was charged to the General Fund
through the transfers between funds- see below for further details). However, two staff posts
were added during 2024 to further the ministry to both women and membership as a whole
plus enhance the communication related resource within the Operations Team. These posts
were supported through the release of Church Growth funds, shown in the transfer belmeen
the fund5 line (again see below for further details) resulting in a net zero impact on the General
Fund. Cost increases were a150 seen in such areas as utility bills and cleaning costs. In 2024
the grants to organisations outside the church (allocated by the Global Mission Team) totalled
£70,100, down 9% on 2023, reflecting the lower level in church family giving during the 12
months to 31 September of the previous year which forms the basis of the 10% giving
calculation.
During 2024, there was a net transfer of £21,264 into the General Fund from the various
designated funds as shown in Note 11.
A slower, but still healthy, growth London Stock Exchange primary index during 2024 which
saw our index linked investment grow by £5,12612023.- £19,412).
Deslgnated Funds
The key, non propety related, designated fund is the Church Growth Fund which started 2024
with a balance of £396,747. During the year the PCC decided to widen the use of this fund to
support ministry within the two St James,, hence the transfer of £45,766 to the General Fund
to offset the additional costs mentioned above. In addition, a new fund called Contending For
The Faith (CFTFI was set up in October 2024 to receive the 50% of the Parish Share not paid
to the Diocese of Oxford. This fund has the general remit to support orthodox gospel ministry
primarily within the Diocese of Oxford. During the year, £26,257 was transferred to CFTF from
the General Fund. The two maintenance related funds each had £20,000 transferred into them
to cover the spend on the two church buildings and the St James Centre during the year, plu5
making up shortfalls in transfers in previous years.
Restricted Funds
In addition to generous unrestricted donations, progressing our wider mission as a church
would not be possible without the donation of fund5 that are restricted for specific purposes.
The largest restricted fund supports the work of Nat Schluter (Principal of the Johannesburg
Bible College and St James Mission Envoy). During 2024, a further £44,949 was raised with
£101,586 being Spent on support, leaving a closing balance of £43.535. Due to the generosity
of the church family in previous years the Relief Fund started 2024 with a balance of £22,776.
Due to an emphasis on distributing these funds, rather than raising further donations, £8,386
was used supporting church family members, leaving a closing balance of £14,469. The
Refugee Fund, created primarily to support displaced people las a result of the war in Ukrainel,
had a similar emphasis on distribution rather than fund raising with £12,000 spent supporting
such refugees, leaving a closing balance of £2,386.

Reseryes
There are PCC approved policies in place to control the level of resources held within each of
the major Unrestricted Funds. These policies are designed to ensure that the -target" balance
covers the estimated future potential expenditure. The levels of financial resources deerned
necessary for each of these funds, together with the current measurement against each target
are as follows:
Name
General Fund
Contractual
commitments as per
the 2024 Budget
Yes
Church replacement equipment
Cap of £50,000
On target to meet the cap
in a further S years, as per
policy
Church redecoration
Cap of £70,000
Fulmer cap met.
GX on target to meet cap in
5 years, time, as per policy
Centre replacement equipment
Church and Centre exceptional
maintenance
Cap of £50,000
Cap of £70,000
On target
On target
No target has been set for the Church Growth fund. The PCC has now agreed that this
fund can be spent on mission focused activities in the short to medium term.
Fundraising
During 2024, except for the activities mentioned within the Restricted Funds section, no
significant fundraising activities were carried out.
Plans for 2025
The ongoing activities described in the PCC Review will be continued and, in some cases,
expanded, without material impact on our reserves.
CONCLUSION
We give thanks to God for all that He has done through this, His church, in 2024. It is only by
His grace that we continue to do what we do each year. We praise Him for the way He has
guided, assisted and shaped us. We look foNard, with eager anticipation, to the year ahead,
trusting that disciples will be added to our number, and all of us will be changed, to be more
like Jesus, through our relationship with Him.
10

Our ministry IS Sustained and delivered by a huge number of people in the church family using
their God-given gifts to serve in the gospel ministry in which we all share. We are so grateful
to God for all who have served in different ways. Particular thanks go to the Churchwardens
and Leadership Team for their faithfulness to the gospel, their hard work and their prayerful
support.
We also don't take for granted the generosity of all those who gave financially during the year
to enable the ministry here and we thank God for his wonderful provision through the church
family, through regular planned giving, and through one-off gifts.
As we look around St James, we See evidence of lives transformed and glimpses of God's
Kingdorn being ushered in. Time and again, we stand bacl assess what we see in the church,
and exclaim 'only God could have done this,. Only the wonderful God of our Lord Jesus Christ
who brings life out of death. a welcome to sinners, and gives us his Holy SpiriL could be the
source and sustainer of all we are - thanks be to Him.
On behalf of the PCC
Revd. Matt Beeby
Rector
Correspondence Addre55 for the PCC
St James Church Office
Oxford Road
Gerrards Cross
Buckinghamshire, SL9 7D

Balance Sheet (Church of England)
As aL' 31 December 2024
As at 3111212024
Prior Year
Movement
Cutrenl A55etS
Stocks and work in progress
Debtors
Sh)rt tenn deposits
Cash at bank in hand
14
IAOI.55
89,294.74
381587.35
133,860.15
607,143.79
1,368.49
121347.18
415,885.60
149,638.53
689,239.80
33.06
133,052.441
133,298.251
115,778.381
Notss Non-currerkt Assets
81al
81bl
Fixed assets
Investments
1069,622.04
229,079.83
1291701.87
2.121.535.83
223,953.87
1345,489.70
151,913.79)
5,125.96
146,787.831
10 Current Liabilities
Creditors.. Amounts falling due in one year
Non-current Liabilitie5
Long term Loan
25,617.60
41,097.56
115,479.961
Totsl Net Assets Lesi Ltabilities
1880.228.06
2,993,631.94
Represented by
un￿StriCted
General Itmd
Designated lurKI
Restricted
l¥Kome fund5
Capitsl funds
286,918.35
794,409.56
280,079.34
791,686.17
6,839.01
1723.39
111bl
126,161.74
1,671738.41
195A60,31
1,726.406.12
169,298.5
153,667.711
FuNJsol the church
1880.228.06
1993.631.94
Approved by the Parochial Church Council on.
and signed on i
ehalf by..
Revd. Matt Beeby (Rector}
Mst
reasu
Notes 1-16 form part of these financial statement
13

St James Gerrards Cross with St James Fulmer
Statement of Financial Activities
For the period from 01 January 2024 to 31 December 2024
8x8
*vv
En
St James Gerrards Cross with St James Fulmer
12

St James Gerrards Cros5 Wlth St James Fulmer
Statement of Cashflow
For the period from 01 January 2024 to 31 December 2024
2024
Prior Year
Net Casli Inflow/lOutflowl
Iiicome/lExpenditurel
Deprètiation
Investment Loss/lGkinl
Ilncieasel/Decrease in Debtors
Ilncreasel/Decrease in SEock
Inciease/lDecTeasel ITr Creditors
Interest and Dividends Ireceivedl
1173,378_881
62,068.16
149.2 58.041
61,800.95
119,4 12.051
114.802.901
128.11
16,293.7J
129,387.191
15,125.961
33.027.44
133.061
115.479.961
132,851.051
177,773.371
134,637.391
Investlll9 Activities
Fixed Assets ladditionsl/disposals
Intei'est aiid Dividends
110,154.371
32851.05
11,995.001
29,387.19
27,392.19
22,696_68
Financin9 Activities
Borrowings/Loans IncreasellDecreasel
Dividend5 paid
15.000.001
15,000.001
Inciea5e/lDecieasel in cash in the yeai.
149,076 631
112.245.201
Casli at bank, on deposit and tii hand kt 31st December 2023
565,524.13
577,769.33
Increase/lDecreasel in ca5￿7 during the year
149,076.631
112,245 201
Cash at bank, oli deposit and in hattd at 31st December 2024
516,447.50
565.524.13
14

NOTES TO THE ACCOUNTS
AccouNTING POLICIES
Basis of
re
tion of
tements
The financial statements have been prepared on an accruals accounting basis and in accordance with the
Church Accounting Regulation5 2006. The charity constitutes a public benefit entity as defined by FRS
102. The financial statements have been prepared in accordance with Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charities preparing their account5 in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in
October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland
(FRS 102), the Charities Act 2022, and UK Generally Accepted Accounting Practice. Details of the charitys
principal office can be found on page 11.
The financial statements have been prepared under the hi5toiical cost convention with the exception of
the inclusion of investments at their fair Ibidl value at 31 December.
The financial statements have been prepared to give a 'true and fair, view and have departed from the
Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair
view,. This departure has involved following the 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 1021 issued on October 2019 rather
than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from I
April 2005 which has since been withdrawn.
The PCC believes that the reserves held by the PCC allow the account5 to be produced on a "going
concern" basis.
The financial staternents include all transactions, assets and liabilities for which the PCC is responsible in
law. They do not include any monie5 of church groups that are informal gatherings of church members.
Fund Accountin
Funds held by the PCC are accounted for as follows:
'Restricted funds, are funds which can only be used for particular purposes as specified by the donor or
funds raised for particular restricted purposes.
'De5ignated funds, are funds set aside by the PCC out of unrestricted general funds for specific future
purposes or projects. The use of such designated funds can be amended or the funds re-designated as
unrestricted general funds by the PCC.
'General funds, represent the funds of the PCC that are not subject to any restrictions regarding their use
and are available for application on the general purposes of the PCC. Funds designated for a particular
purpose by the PCC are also unrestricted.
In
Planned Christian Giving receivable under standing orders is recognised only when received.
15

CAFS are recognised when received unless notification comes with instructions that they are for a
particular period and purpose.
Collections are recognised when received by the PCC.
Donations received for specific purpose5 are included as restricted income fijnds in line with the
terms of the donation.
Income tax recoverable on gift aid receipts is recognised when the income is recognised.
Legacies are accounted for as income when receipt is more likely than not.
Sales of books are recognised on a recoverable ba51S.
Dividends and interest are accounted for when receivable.
Ex
enditure
Expenditure is inclusive of VAT which cannot be recovered. Certain expenditure is directly attributable to
specific activities and has been allocated to those cost categories. Where costs are attributable to more
than one activity, they hove been apportioned to the individual activities based on the time spent by stsff
on matters relating to those activitie5.
Grants and outside giving to third parties are accounted for when paid over or when awarded if that
award creates a binding obligation on the PCC.
The parish share to the diocese is accounted for when paid.
Pension costs consist of payments made to an employees, personal pension scheme or to the Church of
England Pension Board scheme- (see Note 31. These costs are accounted for when payable.
Rentals payable under operating leases are accounted for on a straight-line basis over the lease term.
ains and losses on Inv
ment Fixed Ass
Realised gains or losses are recognised when the investments are sold. Unrealised gains or losses are
accounted for by the revaluation of investments at 31 December to fair value.
Tan
ible Fixed A
Consecrated and benefice propety is excluded from the accounts in line with Section 1012) of the Charities
Act 2011. All expenditure, whether maintenance or improvement, incurred on consecrated or benefice
propety is immediately written off in the Statement of Financial Activities.
Other freehold land and buildings, including expenditure on the Saint James Centre built on land owned
by the Diocese of Oxford, are capitalised at cost. Freehold buildings are depreciated over a period of 50
years. Freehold land is not depreciated.
Movable church furnishings are inalienable assets which require a faculty for disposal. No cost or value is
available for such items acquired before 2001 without incurring professional costs which the PCC
considers would oU￿e1gh the benefit of providing such information. Items acquired after l January 2001
are capitalised at cost and depreciated over their effective use*ul lives.
Other Fixed Assets comprising fixtures, fittings and equipment are capitalised at cost and depreciated in
equal instalments over their estimated useful lives except for individual items with a cost of less than

£4.000 which are written off at the time of purchase. On major projects, items of a similar nature below
£4,000 are 9rouped together and where capitalised, subsequent replacements are charged to repairs and
maintenance in the Statement of Financial Activities. The useful lives currently used are as follows:
Fixtures and fittings
Furniture and catering equipment
Furnishings and equipment
IT equipment
15 years
15 years
10 years
5 years
Investment Fixed Assets
Investments are valued at fair (bid) value at 31 December.
urrent Assets
Stocks are included at the lower of cost and net realisable value.
Debtors include amounts owing to the PCC in respect of taxation, interest receivable or other income.
Short-term deposits include cash held on deposit with the CBF Church of England Funds.
rovisio
Provisions are set up where it is probable that a present obligation exists as the result of an event prior
to the Balance Sheet date and that a payment in settlement will be required that can be estimated reliably.
LEGACY INCOME
During 2024, legacies of £10,600 We￿ received12023.' £2,000).
STAFF PENSIONS
The PCC participates in the Pension Builder Scheme section of CWPF for lay staff. CWPF is administered
by the Church of England Pensions Board, which holds the CWPF assets separately from those of the
Employer and other participating employers.
CWPF has two sections..
1. the Defined Benefit5 Scheme
2. the Pension Builder Scheme, which has tsvo sub5ectlOnS,'
a deferred annuity section known as Pension Builder Classic, and,
a cash balance section known as Pension Builder 2014.
Pension Builder S¢heme
Both sections of the Pension Builder Scheme are classed as defined benefit schemes.
Pension Builder Classlc provides a pension, accumulated from contributions paid and converted into a
deferred annuity during employment based on terms set and reviewed bythe Church of England Pensions
Board from time to time. Discretionary increases may also be added, depending on investrnent returns
and other factors.

Pension Builder2074 is a cash balance scheme that provides a lump sum which members use to provide
benefits at retirement. Pension contribution5 are recorded in an account for each member. Discretionary
bonuses may be added before retirement depending on investment returns and other factors. The
account, plus any bonuses declared Is payable, unreduced, from age 65.
There is no sub-division of assets between employers in each section of the Pension Builder Scheme. The
scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This IS
because it is not possible to attribute the Pension Builder Scheme's assets and liabilities to specific
employers and means that contributions are accounted for as if the Scheme were a defined contribution
scheme. The pensions costs charged to the SOFA in the year are the contributions payable12024.' £28,401,
2023: £30,780).
A valuation of the Pension Builder Scheme is carried out once every three years. The most recent valuation
was carried out as at 31 December 2022.
For the Pension Builder Classic section, the valuation revealed a surplus of £34.8m on the ongoing
assumptions used. At the most recent annual review effective 1 January 2025, the Board chase to grant
discretionary bonus of 6.7% to both pensions not yet in payment and pensions in payment in respect of
service prior to April 1997,- and a bonus on pensions in payment in respect of post April 2006 service so
that the pension increase was 2.7% (where usually it would be calculated based on inflation up to 2.5Yo).
This followed improvements in the funding position over 2024. There is no requirement for deficit
payments at the current tirne.
The next valuation is due as at 31 December 2025.
For the Pension Builder 2014 section, the valuation revealed a surplus of £8.5m on the ongoing
assumptions used. There is no requirement for deficit payments at the current time.
The legal structure of the scheme is such that if another employer fails, The PCC could become responsible
for paying a share of the failed employer's pension liabilities.

INCOMEAND ENDOWMENTS
vrrio
tiirri
Ovr
¥D Ln tn
-m
C**7¥rri
>OuO
19

EXPENDITURE
mmp
20

EMPLOYMENT COSTS
Staff costs consist ot.
2024
2023 (prior Year)
Gross salaries
242,160.19
202.599.50
National insurance
16,125.65
13,273.44
Pension contributions
28,4CO.67
30,780.26
Other employment costs
6,951.38
3,567.61
293,637.89
250.220.81
During the year, the PCC employed an average of 7 full-time equivalent employees (2023.. 9.501. One of
those individuals earned more than £60,000.
Other employment costs include Recruitment and Relocation.
TRANSAcfioNS WITH MEMBERS OF THE Pcc
Expenditure directly relating to the work of the parish includes expenditure in relation to the clergy who
are members of the PCC. There were 4 clergy pastors on the team during 202412D23: 71, none of whom
were funded through the General Fund lin 2023, 2 were funded through the General Fund at a cost of
£45.802). In 2024 clergy incurred housing costs of £21,792 12023.. £41,070) and general expenses of
£5,974 (2023= £3,797). Expenditure incurred by other members of the PCC wa5 £441 12023= £901}.
Related party expenditure was £21.19812023: £16,206).
The PCC members and theirdependents contribute to the Church's incomethrough the Planned Christian
Giving IPCG) scheme. Amounts given by individuals to this scheme are regarded as confidential by the
Church. Their cumLJlative contribution to the Church's General Fund in 2024 was £213,049.75 {2023:
£207.3421. In addition, the PCG scheme covers unrestricted gifts as well as restricted gifts for Mission
Envoy, The Relief Fund and the Refugee Fund.
21

FIXED Assrrs
{a) Tangible fixed assets
Freehold LarKI atTd 8Luldii)gS
staff Houses
Sl Jan￿5 Centfe
otlpr Fixed Assets
Tolal
Total
GROSS PnOK VAIUE
Al 31 ￿e11)I)er 2023
5B7.017h5
2,577.527A7
3,164.545.52
540.28928
3.704Bi4.80
10.1 $4.37
Additions
Dssposa15
Al )l Deceoil)er 2024
10.154.37
587.017.65
2,577.527.87
1.164.545.52
5£0.443.65
3.714.989.17
DEPRECIATION
At 31 De(ernbd 2023
133.643,18
9)5.022.51
51.550.56
781.379 3.
60.525.40
534.633.Z8
7,583,298.97
62.068.16
Chaige foi 11)e ye
Dispo$4s
At 31 Decemb6Y 2024
8.974A4
1.54?.76
742,618.02
966.573.07
841.904.73
536,176n4
1.645.3fj7.1i
NET 800K VALUE
Al il DecÈNa)w 202)
Al 31 Decerrl>er 2024
45',37d.47
444,399.63
1.662.505.56
2.? 15.879.83
5.656.00
2,121.S35.8?
2.069,622.04
1.610.954.80
2,055.394.48
14.267.61
Staff Houses represent housing which has been provided for the Maturity Pastor for Women at 7 Gaviots
Close, Gerrards Cross and for the Worship Pastor at 38a Lovel Road, Chalfont St Peter. In the opinion of
the PCC, the market value of the two houses owned by the PCC is not less than the value shown in the
accounts.
The Saint James Centre represents the building and fit out costs of the new centre. Other Fixed Assets
comprise fittings and equipment and includes equipment for the St James Centre.
Consecrated propety is excluded from the accounts by virtue of Section 96121 (al of the Charities Act
1993.
The church buildings are insured by the PCC as follows-
Loss Limit (£1
St James Fulmer Church (buildings and contents)
9,980,000
St James Gerrards Cross Church {buildings and contents)
13,300,000
St James Centre (buildings and contents}
9,980,000
(b) Investment Fixed Assets
Investments are entirely invested in the CBF Investment Fund as follows=
22

Unrestricted
Funds
Restricted
Capital
Fund5
Total
At 31 December 2023
223.9S3.87
223,953.87
IncreasellDecrease) in value during the yea
At 31 December 2024
5,125.96
5,125.96
229,079.83
229,079.83
Number of units
9,907.14
9,907.74
DEBTORS
At 3111212024
Prior Year
Debtors for goods and services
985.00
Gift Aid recoverable
32,781.44
44,465.28
Prepayments
8,469.49
20,635.53
Other debtors
48,043.81
56,261.37
89,294.74
122,347.18
Included within other debtors is an unsecured loan of £40,000 to a registered charity The Two St James
Trust which is repayable no sooner than 2029. Whilst interest is not charged on the loan, an associated
lease provides an operational benefit to the charity.
10.
LIABILITIES
At 3111212024
Prior Year
Current Icreditors due within one yearl
Creditors for goods and services 15,011.88
Accruals and Deferred Income
7,580.00
Pensions
3,025.72
Other creditors
Non Current Liabiltties - Loans
17,006.98
21,500.00
2,590.58
25,617.60
41,097.56
23

FUND DEfAILS
(a) Unrestricted Funds
The unrestricted funds include the general fund of the parish, which is used, at the discretion of the PCC,
to further the mission and ministry of the parish. Also included as unrestricted funds, are the funds which
the PCC have designated for specific purpose5. Movements in unrestricted funds during the year were as
follows:
Opening Balance
Income
Expenditu
Transfers sn/loutl Closing Balance
FreelK)Id Property Funds
ChuTch Growth
246.978.71
6,857.69
328.00
240,121.02
39&747.06
144,765B91
20.000.00
351,653.17
Church Equip & Maint
SJC Equip & Maint
Mission Discotionary
61,602.97
7,306.98
74,295.99
59.428.96
43,704.21
4.275.25
20￿00.00
24.337.04
0.00
24,337.04
26257.20
2&257.20
Other gesfgn8ted
Investment Equalisatitrn
Unrestricted-Designated Funds
18,316.18
18,316.16
794.409.56
791,686.17
18,767.92
21A91.31
Unre5tricted- General Funds
280,079.34
887.147.13
864,169.54
116,138,581
286.918.35
TOTAL
1,071,7fj5.51
887,147 13
882.937.46
5,352.73
1,081.327.91
The freehold propety funds represent finance provided by the PCC for the purchase of 7 Gaviots Close,
Gerrards Cross and 38a Lovel Road, Chalfont St Peter.
A policy capping funds for Replacement EquipmenL Repairs, Exceptional Maintenance and Redecoration
is in place.
The Church Growth fund is intended to finance unplanned situations or unbudgeted evangelistic
opportunities.
(b) Restricted Income Funds
Opening Balance
IrKome
Expenditure Transfèrg in/10￿) Closing Balante
Mission Envoy
100,172.08
44,949.02
101,585.86
43,535.24
Refugee Fund
13.060.38
1326.32
12000.45
2,386.25
Relief Fund
Other FsJnds
22.776.7S
59,451.10
78.12
61034.55
8385.53
54,487.97
14,469.34
65,770.91
1226.771
TOTAL
195,460.31
107,388.01
176,459.81
1226.771
126,161.74
The Mission Envoy fund represents amounts donated to support Nat Schluter and his work at the
Johannesburg Bible College.
24

The Refugee fund was launched in 2022 to support the humanitarian needs of those affected by the war
in Ukraine. The Refugee Fund was closed during 2024 with the immediate needs Of those fleeing the war
having been rnet.
The Relief fund was launched in 2020 to offer short-term financial relief to members of the church family.
The Other funds represent amount5 received by parish organisations which are to be spent on various
restricted charit3ble and other purposes.
(c)
Restricted Capital Funds
The capitsl of these funds may not be spent by the PCC without appropriate authority. They comprise..
C105ing Balance
Incornè
ExpEttditure
Transfers inllovti acyng Balancè
House Purchase Fund
Projett 2000 IP2KI
63,900.76
1,662,505.36
2,117.15
51.550.56
61.783.61
1,610,954.80
TDTAI
1.726,406.12
53,667.71
J,671738.41
The House Purchase fund represents atnounts donated to provide housing for the 38A Lovel Road.
Expenditure during the year is due to depreciation.
The Project 2000 fund represents amounts donated to provide a new multi-purpose centre for the parish
and to finance agreed revenue cost5 included within the overall project. Expenditure during the year
comprised depreciation of the building, fixture and equipment.
12.
ANALYSIS OF AssFfs BY FUND
2024
2013
O&*gnhtEd
Gerterèl Fund
Iurwtrictrdl
R¢strcted
Cawial Funds
IUrnÈ5trictedl
Retyicted Trrnd
Totsi
PnoFYearTvt?I
Thloie
Tayji￿efi¥eo aSSEIS
INesfvnt k%eOassets
5.226.33
391ffj730
1069.62204
N¢t*Bb
210.76365
a29.P79.&3
2￿.953.87
Cmntisstts
9&289.97
384.43fj.(
126A17.74
7.14379
689.239AO
Cvttentliat¥libes
125.361ts0)
125&WI
125.617.601
141.D97.561
Lw9.¢2￿ liabilives
fu￿ Balancès
2e6.918.35
794,4W56
2.88Q.22806
2,993.631.94
25

13.
OPERATING LEASES
At 31 December 2024 the church has commitments, under operating leases, as follows:
2024
Land 8t
buildings
2023
Land &
buildings
Other
Other
Leases which can be determined..-
within one year
wtthin kn to five year5
TOTAL
11.400
88
24,000
IT,400
88
24,000
14.
STOCK
2,024.00
PTior Year
Bookstsll
1,401.55
1.346.99
CardslGifts
21.50
1,401.55
1,368.49
15.
CAPITAI COMMITMENTS AND CoNnNGENT LIABILITIES
There are neither capital commitments nor contingent liabilities.
16.
CoTrffROLLING PARTY
There is na controlling party.
26

INDEPENDENT AuDITt)R'S REPORTTO THE TRUSTEES OFTHE PAROCMIALCHURCH COUNCILOF STJAMESGERAARDS CROSSWITH
ST JAMES FULMER
Independent AuditOT'5 Report to the Trustee5 of The Parochial Church Council of the Ecclesiastical Parish of St James
Gerrards Cross Wlth St James Fulmer
Opinion
We have audited the financial stalements of The Parochial Church Council of the Ec¢lesiastical Parish of St James
Gerrards Cross with St James Fulmer (the 'charity') for the year ended 31 December 2024 which comprise the
Statement of Financial Activities, the Balance Sheet, Statement of Cash Flow5, and notes to the financial statements,
including a summary of significant accounting policies. The financial reporting framework that has been applied in
their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting
Standaid 102 The Financiol Reportirtg Standard applicable in the UK and Republic of Ireland Iunited Kingdom
Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charity's affairs as at 31 December 2024, and of its incoming resources
and application of resources, including its income and expenditure, for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,- and
have been prepared in accordance with the requirements of the Charities Act 2011.
8a515 for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKI) and applicable law.
Our responsibilities under those standards are further described in the Auditor's responsibilities for the audwt of the
financial statements section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the financial Statements in the UK, including the FRC'S Ethical Standard,
and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the
audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financiJl statements, we have concluded that the trustees. use of the going concern basis of
accountin9 in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collertively, may cast significant doubt on the charity's ability to continue as a going
concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trtjstees with respect to going concern are de5tribed in the
relevarbt sections of this report.
Other informatlon
The other information comprises the information included in the trustees. annual report, other than the financial
statements and our auditor's report thereon. Our opinion on the financial statement5 does not cover the other
nformation and we do not express any form of 85suiance conclusion thereon.
Our responsibility is lo read the other information and, in doing so, consider whether the other information 15
materially inconsistent with the financial statements or our knowledge obtained in the audit or othe￿iSe appears
lo be materially misstated. If we identify such material inconsistencies or apparent material mis5tatement5, we are
required to determine whether this gives rise to a material misstatement in the financial statements themselves. If.
based on the work we have performed, we conclude that there is a material misststement of this other information.
we are required to report that fact.
We have nothing to rÈport in this regard.
Matters on which we are required to report by exception
27

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and
Reports) Regulations 2008 require us to report to you if. in our opinion..
Independent Auditorfs Report to the Trustee5 of Th8 parochial Church Council of the Ecclesiastical Parish
of St Jarnes Gerrards Cross with St James Fulmer {continued)
the information given in the tnjstees, report is inconsistent in any material respect with the financial
statements,. or
sufficient accounting records have not been kepL or
the financial statements are not in agreement with the accounting records,. or
we have not received all the information and explanations we require for our audit.
Responsibilitles of trustees
As explained more fully in the trustees, responsibilities stat@ment set out on page 3, the trustees are
responsible for the preparation of the financial statements and for being satisfied that they give a true
and fair viev4, and for such intemal control as the trustees determine is necessary to enable the
Preparation of financial statements thai are free from material misstatement whether due to fraud or
error.
In preparing the financial statements. the trustee5 are responsible for assessing the charity's ability to
continue as a going concern, disclosing. as applicable, matters related to going conceTn and using the
going concern basis of accoullting unless the trustee5 either intend to liquidate the charity or to cease
operations, or have no realistic alternative but to do so.
Auditor's responslbllltles for the audit of the financial statements
We have been appointed as auditor under the Charities Act 201 l and report in accordance with the Act
and relevant regulation5 made or having an effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement, whether due to fraud or error, and to issue an auditorfs report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an
audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, indivtdually or in the
aggregate, they could reasonably be expected to iftfluen¢e the economic decisions of users taken on the
basis of these financial statements.
Extent to whlch the audlt was considered capable of detectlng irregularlties. including fraud
The extent to which our proceduies are capable of detecting irregularities, including fraud is detailed
below..
Irregularities. including fraud, are in5tance5 of rK)n-compliance with laws and regulations. We identified
and assessed the risks of material misstatement of the financial statements from irregularities, whether
due to fraud or error, and discussed these between our audit team members. We then designed and
performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and
appropriate to provide a basis for our opinion.
We obtained an understanding of the legal and regvlatory framework5 Wlthin which the charity operates,
focusing on those laws and regulations thai have a direct effect on the delermination of material amour)ts
and disclosures in the financial siatements. The laws and regulations we considered in this context were
the Charities Act 2011 together with the Charities SORP IFRS1021. We assessed the required compliance
with these laws and regulations as part of our audit procedures on the related financial ststements items.
In addition, we considered provisions of other laws and regulation5 that do not have a direct effect on
the financial statements but compliance with which might be fundamental to the charity's ability to
operate or to avoid a rnaterial penalty- We also considered the opportunities and incentives that may
28

exist within the charity for fraud. The laws and regulations we considered in this context were General
Data Protection Regulations, Health and Safety and Taxation legislation.
Auditing stsndards limit the required audit procedures to identify non-compliance with these law5 and
regulations to enquiry of the trustees and other management and inspection of regulatory and legal
correspondence, if any.
Independent Auditor's Report to the Trustees of The parochial Church Council of the Ecclesiastical Parish
of St James Gerrards Cross with St James Fulmer Icontinuedl
We identified the greatest risk of material impact on the financial statements from irregularities, including
fraud to be within the recognition of income and the override of controls by management. Our audit
procedures to respond to these risks included enquiries of management about their own identification
and assessment of the risks of irregularities, sample testing the posting of jouma15, reviewing accounting
estimates for biases, sample testing of income transactions to supporting documentation and reading
minutes of meetings of those charged with governance.
Because of the inherent limitations of an audit there is a risk that w@ will not detect all irregLFlarities,
including those leading to a material misstatement in the financial statements or non-compliance with
regulation. Thi5 risk increases the more that compliance with a law or regulation is removed from the
events and transactlons reflected in the financial statements, as we will be less likely to become aware ol
instances of non-compliance. The risk is also greater regarding irregularities occurring due to fiaud rathei
than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilitie5 for the audit of the finan¢ial statements is loc8ted on the
Financial Reporting Coun¢il'5 website at.. www.f¥c.org.uVauditorsresponsibilities. This description forms
part of our auditorf5 report.
Use of our report
This report is made solely to the charitys trustees, as a body, in accordarbce with Part 4 of the Charities
IAccount5 and Reports) 2008. Our audit work has been undertaken so that we might state to the charity's
twstees those matters we are required to state to them in an auditor's report and for no other purpose.
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
the charity and the charitls trustees as a body, for our audit wort for thi5 reporL or for the opinions we
have formed.
Wenn Townsend (Ststutory Auditor}
30 St Glles
Oxtord
OXI 3LE
17 April 2025
Wenn Townsend is eligible for oppointment as auditor of the charity by virtue of its eligibility fvr
appointment as auditor of o comp¢7ny under sertion 1212 of the Companies Act 2006.
29