The Parochial Church Council of the Ecclesiastical Parish of Great Chesham Annual Report and Financial Statements Year ended 31 December 2024 Registered charity number 1129438 Great Chesham PCC- Annual Report and Financial Statements- Year ended 31 December 2024 The Parochial ChurGh Council of the Ecclesiastical Parish of Great Cheshan7, also known as Great Chesham PCC ('The PCC) ar& the trustees of a Church of England parish in and around the market town of Chesham in Buckinghamshire. The PCC present their annual report and financial statements for the year ended 37 December 2024. OUR OBJECTIVES AND ACTIVITIES The objectives of the PCC are defined by the Parochial Church Council (Powers) Measure 1956 as 'lo cooperate with the minister in promoting in the Parish the whole mission of the Church, pastoral, evangelislie, social and eeumenical,. Our alms and strategles to achleve them Our broad aims across the Parish of Great Chesham are lo be faithful disciples of Jesus Christ in Chesham and beyond, deepening the worshipping life of each of our districts. slrenglhening the faith and holiness of our members, helping individual Chrisli8ns lo live out their faith in their families, communities and places of work, taking a full part in the life of our town and sharing our faith, and taking care of the assets that we have inherited and for which we are responsible. We are seeking to tsckle, as every church has the duty lo do, the effects of human selfishness and greed on ourselves, OUT community and our nation. We believe that lasting chaThJe in our lives and ￿mMUnItieS comes as people leam lo live as disciples of Jesus Christ. This is the work of the local Church. under God. We exist for His Glory and to Sorvo Others. Strategy is shaped by the PCC and implemented by the Parish Staff Team and individual District Church Councils IDCCSI. Our DCCS are entrusted with directing and maintaining the life of each of our district churche5 its worship and witness. We are often considering which activities are best done across the town and the team {eg. finance, buildings, weddings and funerals, some training. some aspe¢ls of youth work. Safeguarding Children and Vulnerable Adults) and which are best done at local, district level. The PCC sets the long lem aims and ofy'ectives for the churches across the Parish. The most specific way in which this is achieved is through decisions on staffing, and where to put staff resources and energies. The PCC has also been able to prowde extra funding for individual district churches where there is a need either through district income being lower than expected OT needed, or when there is a pressing financial need beyond the means of that one district. On the whole Iwilh exceplionsl each district is responsible for raising the funds necessary for their own staffing. DCCS h8ve the responsibility for setting, meeting and reviewing shorter term aims 8nd objeclives. The PCC considers le8m wde criteria such as finance, the health of our buildings, deployment of stsff members ané reviewing parish wide 8divilies. Individual Districts have the responsibility to review individual activities. programmes and schemes, as well as weekly and annual slatists'cs of membership and attendance. What we do to meet our aims The PCC and its sub-committees have met regularly through the year lo review. plan and refine the Great Chesham Team ministy. Each of our 5 districts 1st Mary's wth St. John's Bellingdon,. Emmanuel with Hope Church,. St.John'5 A$hlgy Green, St. George's, Tylers Hill, and Christ Church, Waterside) has their own programme of Sunday service5, special events, outreach services, and ways of serving the immediate community. Sunday SeNi¢es provide a shop window for visitors, a chance for church mefnbers to leam and worship together, but they are also 8 5pringbo8rd out into the wider community where all members of our churches are seeking to live out their Christian lives faithfully. The Parish Staff Team meets Nvice a week to plan. revlew, organize and pray for the lrfe of the Parish. Great Chesham PCC- Annual Report and Financial Statements-year ended 31 December 2024 We have maintained an open and wèlcomlng attitude to the whole populatlon of Chesham, $eeklng to bring peace, gra¢e, love and comfort to those who are In negd or who approach us for help, support or adv1¢•. The PCC runs other specific programmes led by a variety of staff member5 and volunteers. Thi5 15 particularly Ihe cose in our work wrth young people111 181, for whom the￿ is a separate programme ot activities that lake place on Tuesday and Friday evenings during lem) Ilme. Most of Ihe distric15 fun a variety of sm811 groups that are available lo church members so that they can meet durin9 the week, often al someone's house, to study the Bible together, get lo know each other better, pray for each olher and be 8 practical support and encouragement lo eaeh other. Indlvldual DCCS ar• ¢harg¢d wlth maklng sure that the pace and v•rl•ty of dlstrl¢t ¢hur¢h Ilf• is b•l•nc•d not too busyi not too empty. The PCC considers our range of mission partners an absolutely M181 part of wh81 we sland for and church members lake part in a wide mix of acllvifjes lo support and serve these mission partner5, With prayer and often pr8c1ic811y wlh visits 8nd help. The PCC makes gifts lo known and established Misslon Partners each year, as do individual DCCS, as part of our commilmenl lo thè wider church and God's Work across the world. Ive ￿lIev• th•1 u$lng our 911ts to swv• God In th• loc•1 Church 1$ 4 k•y p•rt olbdng • Chrl$tl4n. The PCC. prgdominanlly through our 5 dlslricts. has oncoufaged Church members to be generous in their lime. nancial resources and the use of their skills. all lo further the mission of the local church, and we are extremely grateful lor and rellanl on a wide range ol our church members volunteedng their lime, energy, expertise and professlonal exporience. Th¢ vast majodty ol our activities could not lake pla¢e wilhoul the active engagement, involvement 8nd practical support ol volunteers of 811 agos. Tho PCC reeognisès our responsibility to galvanise, equip and encourage our members and we would never w8nl lo be in a situation where we werenl utterly reliant on their involvemenl 01811 lev618 of responsibility 8nd service. Volunteers lèad and help al almost everylhSng we do, wilh the exception of somè occasional services such as funerals that take place only al the erèmalorium. and staff commitments outside Chesham. Everything else - the running ol all services. 811 of our work with children, young people, the vulnerable. speclal occaslons, blble study groups, saNice groups for different klnds of people. our m8inlenance of buildings, our finances, our overall leadershlp we are ullerly reliant on our volunteer membership and we receivè 1000s ol hours each year, equiv8lenl to many paid stsff {and being Chri$lian8, we believe that this is how il should bell. Publlc beneflt As bVllll•m Tgmpl•, lomjor Archblshop ol Canterbury. once sald.. The church Is the only Instltutlon that •xlst$ prlmarlly for th• b•n•llt of thos• who •rn not Its membws.. The PCC have had regard lo the Charity CommissK)n's guidance on public benefit. Our activities aro accessible lo any and all people. We a150 ensure that wh81 we do does not benefit us as individuals bul the aims of the PCC as 8 whole. We include decl8ro1ion$ of ¢onfli¢t$ of interèst in our PCC meetings, and reportlng of all related party IransaGlions. Great Chesham PCC- Annual Report and Financial Statements-year ended 31 December 2024 OUR ACHIEVEMENTS AND PERFORMANCE What went well in 2024 We are thankful for the staff pos15 that we have been able to fill in 2024, We welcomed John Goodman as our new Children's Minister and Charmaine Muir Assistant Minister (after the departure of Phil Nightingale lo be¢ome an army chaplainl both based at St Mary's as well as a new stipendiary curate Rob Peikins. We also retsined our non-slipendiary curate Jeremy Moodey after the completion of his ¢ur8Cy 811 of which has helped to strengthen ministry provision in the parish. As a parish we engaged with our local communities through chaplaincies, services in nursing homes and visits to Ioc81 schools. We also engaged in town faith surveys, the local schools camiv81, Christmas in Chesham, the Mayor's inaugural service and Town Carol Service. Throughout the year our churches were provided toddler grotjps, messy church, pop up after school cafes, summer teas, pancake parties, senior's lunches and coffee momings which were well supported by their local communities. Four of our seven churches provided regular Sunday School groups and the remaining three provided Bible reSoUr￿S for children to enjoy when present. In August we had over 80 primary aged children attend our four day Holiday Club based on a Jungle theme. After the difficulties of the pandemic, 2023 saw relationships with local schools being rebuilt with opportunities lo lead assemblies, tske classes and welcome them into our churches for carol services. It was a delight lo see the whole of Chillem Hills Academy, our local Church of England Secondary School. some 1400 pupils, attend church for their carol concerts for the second year in a row. Those in need were helped through our Christians Against Povety project led by lan Maxwell. Chillem Foodbank, Chesham Community Fridge and Restore Hope continued lo be sUPPOrted by a host of volunteers 8S the cost ol living crisis contsnued to affect many in our town and villages. Small Group discipleship took place across the parish throughout the year. Weekly youth activities and discipleship groups took place throughout the year with numbers growing al the fortnighlly Friday Night Youth evenings. Many of our members are involved in active service of the wider community.. as school govemors, through Chillem Foodbank and Christians against Povety, in our Paslofal Care teams working with the elderly, vulnerable and housebound. What could have been better in 2024 We were sadly not able to move fornard w¢lh the appointment of a new Families Minister for Emmanuel Church which placed extra pressure on the existing team. Debate surrounding the introduction of Prayers of Love and Faith for same sex couples contsnued lo take up considerable PCC lime. Some members have chosen to suspend their regular giving which ha5 had an irnpacl on our finances. Numbers for some of our seven churches have not yel returned to pre Covid levels with our Electoral Roll figure have reducing from 637 in 2023 10 620 in 2024. OUR FINANCIAL REVIEW Overview In 2024 Great Ch•sham PCC contlnued to b8 blossed financlally. a sltuatlon ffor whl¢h we owe hugo grati¢ud• to God, and also to our parishioners. who give genemusly and sa¢rifi¢ially to fund the work of ourLord here in Chesham and fvrther afleld. The Statement of Financial Activities for 2024 shows a deficit of £52k12023.' surplus of £175kl with the variance du8 primarily to an increase in expenditure. This is as expected due to addition81 repair wod( requlred and additional grants made in the year. Great Chesham PCC- Annual Report and Financial Statements-year ended 31 December 2024 Income W• must pralse the Lord for tho Chri$t46ntrwl 9enornsity of th• members of our churches. The PCC raises its income in a number of ways. The most imp)rtant is to encourage church members lo see financial support of their Ioc81 church as an important and sacrificial part of their overall Christian discipleship. These voluntary donations from parishI¢￿erS account for £887k, 92./9 of all income 12023.. £909k. 940/0 of all incornel. Our congfegalions benefit from the talents of Ihe members of the staff team. who afe resourcing Ihe parish substsntialty, which is a great encouragement lo chufch members to give to maintsin the mission ol the churches. Over811 income is consistent the prnr year a reducti￿ in donations bwng offset ty an increase in investment income. Our heartfeh thanks go to all th• donors In •ll the Chu￿h•s. Expendlture Totsl expendilure in 2024 was £187k more than 2023. Thr5 was primarity due to the work of the ehurches increasing by £104k with the largest element being a £73k irKrease in repair costs on the various properties 8nd • £34k increase in staff co$15 a5 0 rèsult of 8 full complement of staft during the year. There was also a £83k Sncrease in grants paid of which the largest increase was £67k donated lo the Oxford Good Stewards Trust lol which £51k was hekl in a designated fund from the year}. W• •r• th•nkfvl to b• In a posltlon to b• •bh ts m••e this •xp•ndlturn to f•cllltat• ourml$￿•n. Reserve5 policy The PCC h8s unrestricted reserves of £1.121k12023'. £1.144kl in th8 genèral fund and sundry desi9nal8d funds which represents Sixteen months of total 2024 unreslricled expendtture {2023.' ￿enty monlhsl. This is more tha months of reserves judged by the PCC to be needed lo ensure that 811 the churches in the Parlsh team C8n be financially supported. As a result thwe is • defi¢it bud901 for 2025 and dlscusslons are ongolryj about how best lo use these extra reserves. There are reslrfcled reserves 01 £341k12023: £342k}, tyftal￿ lunds of £1.219k {2023'. £1.248kl relaling lo tangible fixed as5els and other designated funds of £502k12023.' £475kl. see note 11 for details of them. Th• l•v•l of rnswv•s hdd by th• PCC •nd th• Indlvldu•l ¢hur¢h•¥ ljs • bl•ulng •nabl•¥ eonfldent plmnlng by th• PCC of ww* to lurth•r th• Lord's kln9d¢*n In to th• luivr•. Investment pollcy and performance Money not needed in the immediate fulure 1$ generally kept in h￿h intttest bank a¢¢ounts. fixed lem deposlls and $lo¢k$ and Shares. These are primarity hdd in CCLA in Mler to eam as COM￿￿tive a retum as possible. The PCC holds a number of investrnenls in stocks and Sha￿$. origin81ty donated by parishioners. The PCC has also invested in Ihe CBF Church of Eng18nd Funds, which invests in ethically sound fvnds. At the end of 2024, Ihese investmènts overall showed a gain in Ihe year of £29,03412023: gain of £67.6981. This increase in value of 0.1tyh is better than the FT All Share Irhjex. wknich ShO￿*d an in¢￿ase o15.6Vo compared lo 2023. It is not currently anli¢ipaled that the ￿pital value of these investments Mll be needed in the immediate future, and so Ihese investments will be left in place at the current time, in the ants"upalion that they will gain in value over the medium lemi. The PCC has made Th) XKbal investrnents. Grants 11 is the policy of the PCC that 81 least IOOA of unrestricted monies received is given lo mission andlor charitable cause5. In 2024 22%12023.. 160AI of unre51ricted in(>)me was expended as gr8nt5. These don•tlons h￿p dlr8clly to ffurthor tIM of t>ur L¢>rtl In thls Mjrfd. and ft Is a Joy that arn able to do thls. Great Chesham PCC- Annual Report and Financial Statements-year ended 31 December 2024 Fundraising Policy The PCC engaged in fundrai%ng, in the fomi of receiving free-wll offeringsldonations. some of which were gift- aided, from members of our fellowship. However, we did not contract the Servi￿ of any professional fvndraisers as defined by section 58 of the Charities Act 1992. Othei than publidy inwting an offering al services, we do not engage in persistent fundraising or intrusive furvjraising practices with any of our dOr￿r$, including vulnerable people, and we never have private or coercive dIS￿l$s1On$ indmduals about their giving. Our fundraising practices are ethical and in accOrda￿e wth &"blical princwles. No ￿MplaInts were received about our fundraising practices. Going Concern The PCC considers that the cIrcumstar￿ are such that adequate resources wntinue lo be 8vai18ble to fund the activities for the foreseeab￿ future. The PCC members are ol the view th81 Great Chesham PCC is a going OUR PLANS FOR THE FUTURE What is planned In 2025 w• plan and hope that.. - we will be able to appoint a Partsh Operations Manager arKI a Families Minister for Emmanuel Church - the PCC wll continue to SUPKM)rt the mission and ministy of e8ch of its 5 districts and seven churches - we will be, as a result, blessed more disciples of Jesus Christ across our churches - we will be ab￿ lo strengthen our tr8ining pyovision for the memtrms of our churches Possible challenges The PCG Is mindlul of.. - the impact on the parish and parish ffinances of orvjoing debafrs at General Synod regarding Prayers of Love and Faith - the continued effect of inllation and increased energy bills on indrvidual church members and the people of Chesham generally and the potential of reducEd giving in the year ahead OUR STRucfuRE GOVERNANCE ANO MANAGEMENT Organisational structure The Parish ol Great Che5h8m is 8 Team Ministy consisling of 5 Oistricts aTrJ 7 Churches - St Mary's Sl John's Bellingdon,. Christ Church. WateNde- St George'5. Tylers Hill: Emmanuel wth Hope Church., and Sl John the Evangelist. Ashky Green. Thé Parochial Church Counal of the Ecdesiastical Parish of Grèat Chèsh8m (The PCCI has Overs￿ht of the whole Parish. The PCC is a corporate body established by the Church of England. The PCC opefates under the Parochial Church Council Powers Measure 1956. The PCC is a ￿gIste￿ Charity {number 11294381 with the Charity Commission. PCC members, who are the trustees Members of the PCC a￿ erther ex-officio, cwpted or elected by the Annual P8fCthial Church MeeliThJ {APCMI in accordance wlh the Church Representation Rule5 after nominatM)n by the five Annual District Church Meetsngs IADCMSI, as 18id down in the Parish Scheme, arKI ralified by Ihe APCM. Great Chesham PCC- Annual Report and Financial Statements- Year ended 31 December 2024 The￿ are 2 P8rish Wardens. Each District elects 2 th'strict Wardens, al least one of these sils on the PCC. Each District elects 8 representative on the Deanery Syn(MY, *Mlh the Distn'ct of St Mary's & St John's 8ellingdon electing a second repre5en181ive. and there are 3 other Deanery Synod representatives who 8re elected from the Parish as 8 whole. Bes￿eS Ihe District Warden rep￿Sen￿lIveS and the Deanery Synod representatives on the PCC. Sl Mary's has 2 other members and 1 representstive for St John's 8ellingdon'. Christ Church. Sl George's and Ernmanuel and Sl John's Ashley Green have 2 each. The PCC endeavours lo ensure that rthy member5 are aw3re of the natu￿ of ts￿Ir ￿spOnsIbl1111e$, and assistance is available from the churchwardens when needed. Training can be prowded as necessary for members of the PCC to enable them to c*rry out their role effectivety. During the year the followng seNed as membets of the PCC: Clorgy Rev Canon E(hvard 80￿s-SMilb Rev Darren Dalton Rev David Hyndman Rev Edward Millais Rev Jeremy Moodey (SSMI Rev Ch8m8ine Muif lfrom November 20241 Rev Phil Nightingale (to September 2024) Rev Rob Perkins Ifrom September 20241 Rev Dr Tim Yatss ISSMI EIKt•d momb•rn Lynelle 8ishop {from May 2024} Malcolm Bonn Ruth Brown Lisbelh Camen Chris Clarke Maiitine Davies Chris Emblelon4mith &'mcn Evans Gillian Gl¢nister (to May 20241 Graham Green Richard Harrfall John Mayne 8emard Patterson {from May 20241 M8rkn"n Paxton Ilo May 20241 Martin Phillips Daniel Reilty Ilo February 20241 Julie Rennard (from May 20241 Devangson Robert Hazel Rymer John Spene Sarah Taskef Geoff Tolcher Ito May 20241 James Tumer (from May 20241 Matthew While Llc•n••d L•y Mlnl*t•r Geoff Houston Parl•h Ward•n• Petgr Himillon Sarah Williams G•n•rnl Syn¢xl m•mb•r4 Canon Julie Dziegiel Rev Jeremy Moodey Dloc••an Synod m•mb•r• Michad Hardman (to DeCem￿r 2024) D•an•ry Synod m•rnb•rn Chris Embleton Smith Margaret Gingell lan Hamilton jacqu￿ Hardman Michael Hardman Ilo December 2024) Andrew Pattergon Hilary Povey Jacqueline Rose Don Sanderson Co opt•d m•mb•r Henry Devereux DavKI Green Rachel Meldrum In addition lo the contribution by PCC members. as is common with other chwches. the work of this Parish rAJuld not be carried out withoLrt the ern)mious contribution by members of the Parish giving unstintingly of their time, tslenis and money. Great Chesham PCC- Annual Report and Financial Statements- Year ended 31 December 2024 Responsibilities of members of the PCC in relation to the financial statements The law applicable lo charith.es in Eng18nd and Wa￿$ requires the trustees to p￿pare financial statements lor each financial year, which give a tnJe and fair view ol the charity's financial aclivities during the year and of ils financial position al the end of the year. In preparing these fina￿01 slalements, the hAembers of the PCC are reouired to.. select suitable aecounling poli￿e$ and then apply them consislenty, observe the methods and principles in Ihe Challties SORP.. make judgemen15 and estimates that are reasonable and prudent". stale whether applicable UK accounting standards have been followed. sutfj'ect to any malerial departvres disclosed and explained in the financk41 ststements, and prepare the financial statemènts on a wng concem basis unless il is inappwiale lo presume that Iho PCC wll continue in operation. Members of the PCC are responsible for keeping accountin9 records, that are sufficient to show and exp18in the PCC'$ Iransa¢lion$ and disdose wth reasonab￿ accuracy at any time the financial position of the PCC and enable them lo ensure that the finanu81 st81emenls comply with ts Church Accounting Regulations 1997 as amended by the Church Accounting IAmendmenl} Regulations 2006. th8 Charities Act 2011 and the Charitses Stalemenl of Recommended Praclice. PCC are also respon9b￿ for safeguarding ihelr assets hence for tsking re8sonable steps for the prevention and detecb'on of fraud and other irregularityes. Committees The PCC meets regularty bul also operates through a number of committees and Ihrough *￿rkIng paths fomied as necessary. Tho committees are- St4ndlng ¢ommlrt•• Team Rector, Parish Wardens. Parish Treasurer, Team Vtars. Diknl Wardtsn ISI Mary's) & Parish Safeguarding officer. Flnanc• comm5ti Tgam Rector, Parish Treasurer, District Treasurers, Chaimian of Parish Buildings Committee 9￿j a P8rish Warden. ￿e(See$ budgets, expenditure issues and accounting procedures. Parllh buSldlng• commltt Chairman - buildings manager, Parish Treasw, 1 warden and 1 representslive frryn- St John'$ Ashley Green. Emmanuel, Si Mary's, St George's, Christ Church. St John's Bellirvjdcffl and Hope Church. Oversees repalr 8fKI maintenance of Chur¢h biuldings. Key management personnel The PCC deleg81es the day-l￿daY monagemenl of th8 parish to the f￿10￿n9 people.. Th• T•am R•ctor Rev Canon Ethvard 8owes-Smilh Tg•m Vlcarn Rev Darren Dalton Rev Edward Millais Locally Supported Mlnlstry Posts (L$￿) Rev Dav￿ Hyndman Rev Phil Nightingale Ito September 20241 Rev Chamiaine Muir (from November 20241 Self Supportlng Mlnlstsrs ISSMS) Rev Jeremy Moodey Rev Tim Yales Great Chesham PCC- Annual Report and Financial Statements-year ended 31 December 2024 Parish Wardon$ Peter Hamilton Sarah Williams Parlsh Tr•asurnr David Green The Team RectLY and Team Vbcars re￿1ve a stipend and housing from Oxlord Diocese and the LSPS receive a stipend from the Oxford Diocese and housing from the PCC. The other key management personnel are unremuneraled volunteers. ￿1 are mernbers ol the PCC. Detsils of expenses and related paty transactions garding all PCC members are set out in note 2 to the financial slatement5. Staff Team The staff team includes the Clergy and the fdlowng people WIKJ ¥e employed by the PCC: Rev John Goodman- Children's worker lfrom January 2024) Andrew Patterson- Minister for Evangelism, Emmanuel church Lynette Price- Parish Administrator John Spence- Youth worker The extende¢J staff team indudes retir&J clergy and LKen¢ed Lay Ministers who offer tsir Serv￿8$ vduntsrily. for which the parish is extremely gratefvl. Risk management The PCC reviewed the Risk Management Action Plan. whth identifies major risks and establishes systems lo mitigate them. The major risks HJenttfied are.. Disunity caused by the Church of England's LNing in Love and F•th pr￿8$$ Prayerfessnes5- risk m8nage(J by regular Kmayer meetings of stsff arnl thurch members Abuse of children %thile enpjed in thurch led acbwties- risk m8naged by DBS checks for everyone invofved in any way and training of all leaders Health and safety andlor fire safety regulation breaches- rtsk m8nag&J by dtscussion al regular meetings of the buildings committee Other risks are managed by meetings, training, muiual supwt, succession planniNJ. intemal controls and insurance ￿ver. Great Chesham PCC- Annual Report and Financial Statements-year ended 31 December 2024 OUR REFERENCE AND ADMINISTRATIVE DETAILS Incumbent. Chief executive The Team Reelor, Rev Canon Edward Bowes-smilh Correspondence address The PCC Secretsry The Parish Office The Rectory Church Street Chesham Buckinghamshire HP5 1HY Bankers CAF Bank 25 Kings Hlll Ave lfjngs Hill Wesl Mallirvj ME19 4JQ Independent Examlner Miri8m Hickson CTA FCA JCS Aecountanls Ltd 5 Robin Hood Lane Sutton Surrey SM1 2SW Legal Advlsors Edward Connor Solicitors 10 Thè Point Market Harborough LE16 7QU 'Therefore go and make disciples of all nations, b8Ptizing them in the name of the Father 8nd of the Son and of the Holy Spirit, and teaching them to obey everything I have commanded you. And surely l am wtih you always, to the very end of the age., Matthew 28, v19 & 20, NIV This ￿port was prepared in 8ccordance wittb the Charities Slalemenl of Recommended Pwtice FRS 102. Approved by the Pafochial Church Council ol the Ecclesiastic31 P8rish ol G￿81 Chesham on I q 74zs and signed on their behaw by Rev Canon Edward 8owes-Smith Team Rector David Green Troo$ur•r Great Chesham PCC- Annual Report and Financial Statements-year ended 31 December 2024 Independent examiner's report to the trustees of Great Chesharn Parochial Church Council l report to the charity trustees on my examination of the a￿o￿nts of the Great Chesham Parochial Church Council Ilhe Church) for the year ended 31 December 2024 sel out on pages 11 to 25. ResponsIbiliti￿ and basis of report As the charity's trustees you are resF(Jnsible for ihe preparation of the accounts in accordance wth the requirements of the Charities Act 2011 (the Act,). I repx)rt in respect of my examination of the TnTrst's accounts as carried out under seCt￿n 145 of the Act and in carying out my examin8ti0ft I have follo*Ed all Ihe applicable Direclions given by the Charity Commission under section 145(5Mbl of the Act. Indopendont examlnerfs statement Since the Church's gross income exceeded £2SO.OCK) your examiner must be a member of a body listed in section 145 of the 2011 Act. I confimi that l am qualffied to undertake the examination because l am a member of the Institute of Chartered Accountsnls in England and Waks. is one of Ihe listed bod￿$. I have complete(1 my examination. l eL)nfim that no matters have come to my attention in cOnn￿lI0n wth the examination giving me c8use to believe that in any material respecL accounting records were not kept in respect of the Church as required by seGtion 130 of the AGI: or the 8e£ounts do not accord with those reQ￿d$. or the accounts (k) not wnply the applicable requirements conceming the forrn and content of accounts sel out in the Ch8ritie5 (Accounts an¢J Report) Regu18tions 21K)8 other than any requirement thal the a￿O￿nts give a Irue and fair vièw, is Th)t a matter considered as part of an independent ex8minalion- or Ihe acccHJnts have not been prepartrj in 8c£ordarK* Wth the methods aThJ ￿ncIpleS of Accounting and Reporting by Charities: Statement ol Recommended Practi(* applicable to charities preparing their accounts in accordance wilh Ihe Financial Reportrng Standard applicable in the UK and the Rewblic of Ireland IFRS 102) I have no concems have come across no other matters in c4)nnection wth Ihe examination to which attention should be drawn in this rewt in order to enable a proFer understanding of the accounts to be reathed. Miriam Hickson CTA FCA JCS Accountsnts Ltd 5 Robin Hood Lane Sutton Surrey SM1 2SW Date.. £13120ts io Great Che5ham PCC- Annual Report and Financial Statements- Year ended 31 December 2024 li Great Chesham PCC- Annual Report and Financial Statements- Year ended 31 December 2024 Parochial Church Coun¢ll of the Eccleslastlcal Parish of Great Chesham Balance sheet at 31 December 2024 2024 2023 Not• Flxed assets TaTrJlbb fiyfjd assets ¥*$lmentass8ts 71•1 71bl 1.220.018 1,249,361 430,233 534,609 1.650.251 1.783,970 Curront as8•ts S￿k Debtors Cash 8t bank 8fKI in Por 1,655 142.202 1,017,392 242 154,034 928,188 1.161.249 1.082.464 Curront Ilabllltl•8 Liabilib'es.. Arnurts falllr*J withln onè ￿ar 10 131,0751 134.3501 131,0751 134.3501 N•t curr•nt ••••t• 1,130,174 1,048,114 DefI￿d benefit peroion S¢￿m￿ Ilablllty Not a*¥•t• 2.780,425 2,832,084 Fund• Urre$trirtod- Gèr*rnl fuyl Urnesfficted. sUr￿ryd8S5grffjted fLnJs UrYestrided- De3igrotod f￿d IreLgtirg to tsryibkg fiy4d 8B8etsl Re$tr"cted ETrJowmert 618.545 668.592 501.962 475.492 1,219,065 1.248,050 341.134 342.462 99,719 97,488 11 11 11 2,780.425 2.832.064 These fina￿￿81 statements ￿re appro%*d bythe Parothlal Chu¢h COU￿11 , are signed on tsirbeh8Wby. uth)ns￿l0rISs￿0n lfl Zois Rev Camn Edvrarrj 80￿5￿mIlh IRg¢*)fl Damd Green (Tr￿[￿rI 12 Great Chesham PCC- Annual Report and Financial Statements- Year ended 31 December 2024 Parochial Church Council of the Ecclesiastical Parish of Great Chesham Cash Flow Statement For the year ended 31st December 2024 2024 2023 N•t ush lu3gd Inllfrom opèratlng actlvltl 183.4971 131,002 Clsh flo￿ from Inv•8tlng 4ctfvltl Dimdends interest and rent fr¢Jn in*strnents Proceeds from the sak of Tangibk8 fi>pd assets Fixpd asset In￿$tr￿nts Purchase of Tangibk? fI￿d a88ets for the use of Ihe PCC Fixed asset inlestsnents Not ca8h fronVlui•d Inl Inv••tlng actfvlil•• 41.407 16,328 133.410 176.714 12,1161 5,134 172,701 187,908 Ch•ng& In ca•h and cuh •qul¥alont• In th• r•portlng p•rlod 89,204 318,910 Cash and cash equivabnts 411 January 928,188 609,278 Cash and cash eqUi￿￿nts al 31 De¢enl)er 1,017,392 928.188 R•conclllatk+n of net Incomo b•for• Inv••tm•nt g•ln• Net le￿nditure>ll￿¢on￿ Èefore in￿St[￿nI g8in8 31 Decerrljer 180,6931 107,843 AdjUS￿nts for.. Surplus on sak of fi>td assets Depreciab'on charges DiMdend$, interest and rent from invastnwnts ncreaselldecreasel in debtors (Deereasellincrease in cieditor8 Increase in sbck 31,458 141,4071 11,832 13,2741 11,4131 39,318 116,3281 15,2521 S,623 Net cash lus•d Sn>lprovkl•d by op•ratlng acthstkn• 83,497 131,002 Anaty8lB of cash and cash wulvalfrnts Cash al bank ¥nd in hand Notice deposits Ikss than three mnthsl 1,017,392 928,188 1,017,392 928,188 13 Great Chesham PCC- Annual Report and Financial Statements-year ended 31 December 2024 Notes to the financial statements for the year ended 31 December 2024 l. Accounting policies a. Ba$ls of pr•paration The financial statements have been prepared urnler the Church Attounbng Rg3uiatims 2[￿ and in acu&rdancÈ with the Charities Statement of ReCoMmet￿ (Charities SORPI. appltstAe ac(xkunbNJ stsndard FRS 102 and tt)e Chanties Act 2011. The finanri81 statements ar¢ dravm up on the hst(ital (x61 basts of ￿￿)un￿￿j, a5 modrf*d by ihe r8valLtatK)n of inv8Stments. V￿ch are shown at market ￿dIUe. G￿t Chesham PCC rneets the definitK*n of a put4ic tse￿ ￿tity under FRS 102. The financia statements a￿ Kwar&Y in slertir￿. thg fundi￿1 of the PCC. Monetary amounts In thesa rinancial statements are rounded to the nearest t. b. Fund$ General funds represent the lunds of PCC Ihat *e ￿1 subieca to any ￿t￿￿On5 r9jardi￿ thwr use and available for applicati()n on tha general purposes ofthe PCC. Fund5 desb3n8W for a ParfKyJL¥ puw by Ihe PCC a￿ akn un￿$tr￿ad. The finanrial Stal￿ents indude all transactK*B. asets * li*litie5 for the PCC is re5wnsib18 in Lw. They (b not indude the fin￿¢181 strtements of chureh gn)Lry)s that their maTri aThila￿n kn arothw toty nor those that are infonn81 gathen'ngs of Churth mambers. Th9re ar8 also en¢*Mnert and restricted fund5. detwls of Ihe BaarKe Sh8et and in notè 11. c. In¢om• and gnd*Mnents l inc(*ne is rwnised oni% the PCC has en11t￿￿nI to the incl￿. rt is wobable that the inc4yne wll be and Ihe amount of income r8cebvable be rdrdbty Measu￿￿. Grfts in kt'nd are valued at gstimal*1 open m*ket Walue at the date of the gfft in the case of assets for ￿ention or )r￿Ump￿)n. or at the value to the PCC in c&sè ol th)nated SeThI￿ or f￿1rt￿. The b.me th)nated by general volunteers is KJI rwx¥Jnised in Ihe finwKi81 ststhents t*rt lh￿r signknt contribulion is t11soJss￿ in the trustees rew*. d. Expenditure Expenditur8 is T￿nISed or￿4 Ihare k% a legal or construcaSve oblfvjthn to make a payment to a Ihird paty. it is prOba￿e Ihat settlement will be requir￿ and the anwl of the oblvJalKJn be measured rdk8bty. Expendr(ure is ￿lS￿Unted to present value for loroer terrn liabilitEs. All expensts r￿al￿ to the Ixtegory. Grants payabk are payments made ¢0 thtrd parbes in the ftjrlherm of the th•il3ble obiectNes of Ihe PCC. In the rase of unconditional grant offer thi5 L5 accnRd On￿ the reopient has ¥M)ffied of the grant award. The rw)tffication gives the spient a reason9b￿ eXp￿tatK)n that t￿ wlill ￿1ve the or fflu￿. yèar grant. Grant awarts that arè subjact to the Fment fuffilling ￿rf0Mlantt (y)nthtw)ns art onty *Cru￿ Wh￿ Ihe reapient has been ￿tITled of the 9rant and any r￿a￿11Vj Unlu￿lled cLJnditKJns th*irvJ lo that grnnt are (wlw"de the of the PCC. Provi8ws for grants are made ¢he intenbon to make a 9r8nt has bw rommunicat￿l to the re(ipient but there is un(*rtainty as to the tiM1￿j of the grant or the amc¥Jnt payaNe. A Provts￿ for a rnu￿. yew grant is rwnised at Its present value where setllernent is due over mre Ihan on8 year IrDm Ih8 date of the ￿ard. there are rn unfU￿1118d performance ndrtions vnder the ￿)ntrol ol the PCC pemirt the PCC to av(Nd m*irs the future paymentlsl. settknient is probable. an¢J the effects of discountirrfJ is material. The discLJuni rate uwj i8 the rate Offer￿ on ￿VeMment bonds for a 5irnilar time P8ricd offer￿1 in Ihe year the ￿ant award is mkn. The (x)5ts ofgrants are St￿ underthe he*lirg'C￿rI1a￿* athitw- Gfants, and arg delaiw in rKJle 5b. lrrecfN8rab￿ VAT is chw 8g*nst th8 ￿ tsl &x￿dIture torwPMth iiw8S Exp8nditure is da55ified under the fL4k1￿Trj heathng5.' Cost5 of raising funds comprM the r￿sts rA fvndr8iwng, nvestwt man&3ement ry)sts an(1 trading and the associated suP￿rt costs. 14 Great Chesham PCC- Annual Report and Financial Statements-year ended 31 December 2024 Notes to the financial statements for the year ended 31 Docember 2024 EXp￿dItUre on'CharrtabSe Grants. I￿vdeS gfants 9i¥en to rn￿￿)n partn￿$ Ihese we detsised in mte 5b. Expenditur* on 'Chai1￿b￿ aciivibes- Work ol Ihe church. w￿￿deS the cosi of acbvi[￿ undertaken to further th8 purposes of the PCC and their assoaated SUPFQrt costs, and these detailed in Th)le k. The parish Share is arxx)unted for when payable. Any share unpaid lor overpaidl al 31 De(8nber is provNYed for in these finanoal statements as an operational {though not a ￿all liability lor wepaymentl and is as a craditorlor dèbtor} Fn Ihe Bakncè Sh88t. Other expendrture represents tkwe ite￿ rKJt lallirwJ under any othw heading. All ex￿$￿$, indu(Jing support and governance (xjsts. are alk)cated or appxjrtioned to the ap￿￿￿￿￿e hèadNig in the SOFA. Supwrt (Y)5ts are those fun(￿On$ that assist the work ol the PCC but do Th)t dir• undert*e tharitsbk activitw. Support o)sts indude office o)sts. financs, personnd, payroll and govemarKe ajsls whKth SUF*X)ri the PCC'5 ￿lIvI￿eS. Governar￿ (Yjsts rompfise all ￿)Sts invdvirlg the public xo)untabilty of the PCC rts Corn￿1￿￿e wulation and indudiw the thst of the annual audit. Supwjrt u>sts, induding ￿¥&ManCe costs. al￿¢￿ to'chantable aCbwDes- Work oflhe church.. •. Tangiblè fixed a$s•ts and d•preciallon Con88crai8d land and buildTrngs and movabl• church fumi¥hings. Consecrated and beneficed property of any ￿nd ts exdudgl from the finanDd Stat￿)ents by s.1012Kc) of the tharitiès Ad 2011. Movablè church fumtshings hdd by the VKar and ChUrchwK￿derts on swal trust fo( the PCC and wuire a lacuty lor disrK>sal a￿ &(ounted as In￿lenable propwty ronswxated. They ￿ listed in the churr*'s Inventory. which can be insMe(l For inal￿nable propety wuired prior to 20CI) there ￿ insUffi￿ent u)st *nfoTmatk)n 8V8i18ble,' thgrefore, such movable churth fumishir*Js held by the Vrar and are valued in the ststements. Iterrts acquired since 1 January 2000 have been caprtalised and depwated in the financjal statanents over Iheir tUr￿ntlY an￿.￿pated useful e(£)r￿m￿ lrfe lin￿arty over five to ￿ years, 85 8ppropriate to the rternl on a Stra￿jh141r￿ baws. All expenditure In￿rred in Ihe year on ￿r6￿t￿l or benefi(￿1 bJikIi￿. indivKJual iterrffj under £5,(OJ or on the rep8ir of Mov&ab￿ thurth fumishiffjs tel0￿ 1 January 2(XYJ is wnitten off. Other freehold land and buildings Freehold land and buildirwJs that are not (*)￿e(Yat￿J ￿ benefwj woperty we valued at ctjst. Dep￿atIon is charged on bulhylngs on a siral3ht41r￿ basts over ￿ yeaTr. Lea8el)old Invroven￿nt$ Leaseho￿ irnprovements are valwl at rA)st. th8r¥J*1 a straght4inè basts ovar I￿ ranainlwJ pariod of tha lease. Oth•rllxtur•8. ffttlnqs and wUlp￿nt All assets eostirKJ than £5.(KN) are capitatiwl assets are walwl at histor￿ LSXI. D8￿ClatiOn is d)argad on such assets on a straigM4ine basts over the estimated useful lrfecl 5 and 20 yews. f. Investments Invèstments compiise of stcKk and Sha￿ and lern t)ank ￿e￿￿ts are Stat￿ at market value at the year end. The statement of finanaal activ￿85 indud* Ihe r*t gains aThJ kssses arising on walua¢KJn and distwls throu9hoLrt the year. 9. Gains and loss￿ on Investments All gains and kws are laken to the stat&nent of ￿t￿￿"e$ as ty arise. RealBed 98iTh6 C￿ losses on investrn*nts are calculated as the drffer8nc8 ttheen Sa￿ K¥c*eets and opening maTket value (purchase cost rf later). Unr8alis*l gains and h)sses a￿ (ahwL8ted as the drfterenix behveen the m*ket value at the year-￿d and opening market value lor pur¢h8sé Q)5t, rf later). Realised and unrealts&Y gains or b)sses are Separat￿ in statement of fina)ual &tivib"es. h. Curr•nt ass•ts Stocks d books for res* a￿ valwl ai the bJ*Erof cost net realiS￿e vahR. Debtors- Grants rw*ivaJle 8nd other debtors are 1ndLw￿l at the selllement aTr￿nt dve. less prov￿1￿ for amwnts that may provè unctJllac1abk. Pr￿ayrnents valued at lh8 pr8p*l. Cash at bank and in hand - Cash a¢ bank and in hand indudes cash and short tem highly lioui¢ investments wth a short maturity of 95 days or W. Short-¢ern) de￿stts indud8 cash held on thervlth Ihe CBF Church of Eroland Funds or al the ba￿1. 15 Great Chesham PCC- Annual Report and Financial Statements-year ended 31 December 2024 Notes to the financial statements for the year ended 31 December 2024 Creditor5 and provisions - credito￿ and proVisK￿5 a￿ rttcw)nLsed where the PCC has 8 present ¢)blwJatK)n ari￿ng frorn a past e¥￿t that will probatAy resutt In Ihe transfer of fvnds to 8 third party and the amunl due to Sett￿ the oblyatKJn can be mèasured or estimated rdiabty. Creditots F￿¥1$1)ns we recryniwl at Ihgir seitknent arn￿nI. Basi¢ finarKial instrurnents - The PCC onty has fina￿81 assets and Ilthlrt￿ d a kn'nd thal qualfy as basic financial instrum￿t$. Ba￿.¢ instrumws We In￿"alty measur&J at tr￿sac1￿)n v¥h* ond subwu•nity mèagurad al thelr Sett￿rnent valuè. l. Golng ¢oncern Al the time of approwrg the financial ststemenls. the PCC members havo • rèasona￿￿ 8xp￿n that tha PCC has Jequate resources to conbnts8 in Opwat￿n￿l gxistgnc8 for th• for8s￿a￿e lutufe. Thus the PCC membgrs r￿n1*nue to 8dopt tho goiw concern basis of ac(x)untyng in prepariNJ the fina￿al statern￿ts. 2. Related party transactlons and trustees remuneratlon The Rèctor and team wcars. as Off￿ in the Churth of EroLqThJ. 8 StI￿nd by Oxlord D￿e and provided )usirKJ by Oxford Lhocw and LSPS afy papj a stipwnd by Oxford and housiThJ by the PCC. In additN)n the I￿￿1VIng members of Iho PCC & th•'r rdat•J partw I￿￿ved sakwies arKI 19gS b)tsling £74.¥2112023.. £68.6771'. A P8tt•r8on J spe￿ £46,94212023.. É43.274) £27,97912023." £25.403) In addI￿rt. J Spance was provi(led th howirg by the PCC and ponsK)n ct)nlnbutth)s of £3.59112023'. £3.JJ61. A Patterson W89 prwded wlh pension c4)thbulh)ns of £S.4￿(2023.' £5.1051 and C Muir ￿ R Perkn'ns providwj with housing by tho PCC. Tw¢nty Four12023.. EYJht••nl MOM￿18 of ts PCC 8 their relatwj p•rti¢s •xp8nsts for lrnvel, t¥)spltallty, Irwning costs and sundry disbursements rd8b'ThJ lo thwr th for Iho PCC. totaliThJ £29,304 12023.. £23.9251. Th8rfr were further one12023.. On¢) m¢mber ol PCC & Ihoir r•lat8d part￿S were pwd fent lotalliThJ £19,50012023.. £19,500) lor hOU￿n9 lor $￿ff. Swen grants were made to a rd8t•d party tolathng £32.02712023.. 1fv• 9rants tolaliro £28.1801 In rnspxt ol rn￿thary work. Don8llc4)s ￿re r8cth*•d from memberB rrf ihe PCC WKI thw rel•t•J pottss th• ￿ar totallng £126,429 12023., £150.4921, There * • loro t•m) of £1CQ,CQO m*1• to Hill Tnmt la tharity t•Ath comrrrfjn trusteeB} on whbth intere81 LA tha1￿ at 3%. The ￿ 15 UnBWJ￿J Bnd repayat4e 310ocwbor 2026. 3. Penslon Church Workgrty Pon•ion Fund ICWPF) Greal Chesham PCC participates in thg PensK)n &Jik1w St￿￿ 8•ckn of CWPF lor L9y Stalf. CWPF Is adrnSn*lered by the Church of Ersland PgnsDns Board, w*tK* Ihe CWPF a5s•ts ￿P￿atety from those of Emplwr ?￿d oth•r partiCapati￿ emp*)yers. CWPF has sectiorts.. the Defined 88n8frts Sth• the Pery8￿n Builder sthe￿. whKh has Sub5e(#￿s,. a d8lerr8d annurty sa￿￿)n kn(F•m as Pension Buihjtr C¢ass"q ￿d. 16 Great Chesham PCC- Annual Report and Financial Statements-year ended 31 December 2024 Notes to the financial statements for the year ended 31 December 2024 Pension Buildtr st￿M& Both sections of the Pension &Jith Seth￿ cjassed as defffted benefit schemes. P8nsA)n BtAtlder Clas&c provides a pern5￿. xoJmulated frwn contriixJtK)As pavj ￿nverted into a deferreij annuty during ernployrnent based on terrns sel and revi*%*d by the Church of ETrJland P￿S￿)n$ EoaNJ frDm tirne lo tirn8. Discrets'onary increases may also be added. depe￿Il[¥J on investment returns and other f¥Ltor5. Pgnsw BtArlder2014 i5 a cash bakrfe sd*me that provKles a knmp s￿￿ whth m&nbets use to pNJ¥ide benefrt5 at retirement. Pension conlributKJns are r￿rd￿j in an ac￿Unt for each meth. ￿scretiOnary IM)nus8S rnay b& ad* before retirernenl, depending on investrnent retums aThJ other factors. The ￿unt. plL&8 any tK*nuses deda￿d is payable, unroduc￿. from aje &5. The schemè is co￿￿T&￿ to be a rnuMi*mpbyer scheme as des￿￿ in Seclion 28 of FRS 102. This B b8cause it is ￿)t possible lo attribute the 8uil¢Jer Scheme's assets and liabt"irtes lo ￿ph)yerS means that ￿IntributIOnS are account￿1 for as rf the Scheme WWB a defined ¢oniributK)n scheme. The pe￿￿$ costs tharged to the SOFA in the year are the eJMtribulv)ns payable {2024.. £15,681. 20rJ.' £14.1171. A valvatk)n ofthe P8nsion Buikl•r Sc*6m& is cam&J cwJl evwy threeyews. The most I￿ent ValUa￿D was crtrt as at 31 D￿￿ber 2022. For thè PanS￿n Buikler class￿ secthn. ts vakIat￿ rev*d 8 suryAus rA£34.&n on th8 oroDing a55UrnPtths uwj. At thè [7￿$t recent annual revEw effective 1 Jarwary 2￿25. the Board those lo grant a dis(xetKJnary bonus of 6.7% to both pension5 not yet in payment and per6ions in paymenl in res￿ of serV￿e wior to April 1997". and a bonus on pensN)ns in payment In respect ol post April 20[￿ service so that the pertsion inuease Wds 2.7% Ihtherè LAsualty it I￿)Uld be calculated based on inflabon up to 2.5%). This folkhved imwovements in the lundwjg over 2024. There s no reQuirem￿t for d8fvt payments at the wrrenl tirne. The ntxl valuatw)n L8 due as at 31 ()￿en￿l 2025. For thè P8nsion Buihler 2014 sedim the vduatw reve*1 8 suryAus of£8.5m I￿ON￿1￿j asSuMpt￿S used. There Is no requirement fof def￿t p￿ents at thè (JJnw)t Iwne. The legal slrudvre ofthe 5th8m8 15 suth Ihat if ar￿1her ￿[￿1&"L8. Gmi Cheshwn PCC {￿UkI re5wnsible ¢or paying a share of the fal￿ empioyeff5 per6ion Ii8Nrties. 17 Great Chesham PCC- Annual Report and Financial Statements-year ended 31 December 2024 Not•s to the Flnanclal Staternents for th• yèar •nded 31st December 2024 TOTAL FLINDS 2D24 2023 Incom• and end0￿￿entS frryn Pkn%d gimry 59.816 16.327 2Z.170 8685 41265 499.82$ 116,203 105.291 24.596 78.310 18,000 28,002 1fj,35S 886,583 $32,IXH 128.166 104.Y4 24.77e 34.166 18.000 99.876 83.121 ryed gMf•J 37.045 18.0 6.074 6.311 21.928 10.015 13. .347 180236 909.246 6.191 6,194 7.399 6.194 6,194 7.399 ￿lb21brQ&et 3.113 2U,909 3,281 21.393 11.434 3.381 28.741 3.813 33.190 DI%￿r￿S ar¢J Iri2rest 31.826 41,407 1Q.328 31.626 41,407 16.328 T1￿1 Int￿16 and 8nck)thyJents TT2 910 193 828 986,738 967,663 Exp•ndltur• on 1*5sknnaryand Chawiab*gfv*w'. Church Q*r%as'. tLbJro 8,000 16,lYJO 8,500 17.000 16.0 18 Great Chesham PCC- Annual Report and Financial Statements- Year ended 31 December 2024 Notes to the Flnanclal Statements for the year ende(131st December 2024 ) d UnR*rfthd dowmèm TOTAL FUNDS 2024 2023 Sb Cb•r#¥bl• •¢t***s- Grant& l¢tyrti MIF61on•ry ¢h*r¢f•b￿ yl¥lNJ'. Rehe18￿ agwe¥ 3,000 3,000 713 A Roch3 CMstianAid 713 37 257 257 585 3,600 3,585 8,500 3.548 2.880 DEC F￿r￿or￿tsr18Tr Ap￿81 loi iwaine Pwtye ￿￿pe Lab"rrer Tearfw Fowd•lnof Pg Dariel R 631 3.eOO 3.$85 4,631 4,438 4,688 J.360 3.545 AnAtrcan Dream Airwtsu￿ef£5OQ 120 27,542 22,243 7.402 29.645 MIMfO￿ •nd ¢hafi¢•bl•gl¥lng'. rriswrms * other Churth xKieties' *6bwor 585 1.208 58S 1.208 USPG CPAS RoolarKJ Brar£hCtroroJe UFMVK*rfd*ide AreMeaWnOfB￿ksc￿T9Vtha￿ty Cri￿ren'$$￿1ety Betel CthsbaffjAgairo1 Polerty Open Dty)rs Iiffe Bibk Tr3fGktors $ Ser¥iw inmisgon UK LcrfbJneityM1551011 Othrd StewBrdsTr￿I C￿1￿Chon6e￿e￿￿s Arn0LrtsW￿er£ 1.300 4,000 11,524 5,170 600 1,453 8,500 6.fr72 4.186 2,970 9,570 2,290 1,099 5.170 600 1.802 2.901 5.170 1.33B 28.200 13.984 4.186 2.970 9.570 20.200 13.984 4.186 2,&70 9,570 2,200 6,783 3,663 382 11D,754 66.733 3.663 382 146.740 35.986 58.270 Chrisfrans ￿king Outshjè the partsh". 1S.065 1.209 4.620 20.894 1S.C65 2.185 4.620 21.B70 15.565 1.300 10,849 27,714 EmbM¢otslJiddb Ea81 hy1￿ll￿$. 976 $￿U￿r Ch￿18$ & rèlefof F￿". SlFrnr￿l$ TrhJ5pice Rene Hosw 865 700 658 1.300 2.658 Pnm8ryScfnc4 1,208 2.938 2.938 Totsl roJthrofwatisrnadè 172.829 217.193 134,184 Th*fO￿￿4r￿Injs￿eclGre31c￿arn PCC afeakna tru%lEeaTr11ordl￿r￿trtfrSkmlty ￿rIs8￿0n SirmnE¥•rts. ￿st hien4tiorAI JrthnSperre-RooIa￿ 8rarthCharye jame5TL￿￿r.1￿fte Bib￿Trat¢1¥t￿yS Jwemy+A*)oey.cfKW Mis$1￿ Swèty 19 Great Chesham PCC- Annual Report and Financial Statements-year ended 31 December 2024 Notes to Fk)anclal Stat•n*nts for the year •ndod 31st Dtt•n*er 2024 TOTAL FUN05 2024 2023 Pgnsh share 163J•O 14.438 35544 449)2 673 163JlO 14.438 78,403 97244 673 187.728 13b49 57244 86.781 Rert repai￿8 nrdIr*r￿Q131*ff ￿tyr• Sbff & secrwtsna Sakln•S L8)Y••rs. wtsmroj spe* 22A 52.342 +Ac & *al& 7.1Ql 43215 16J39 774 13.7 157 7.100 48￿15 16B39 72238 15.023 54.610 16,601 59,83 15,662 189,944 P•p•ir6 a miithrw 18.464 1J23 ¢Fuchtykn•cl4 & n*fis¥y E¥qrdits•tyiemysi•d bubjir 6S.162 65.182 4,141 2M12 763 202 2.143 283 lJ)75 2.187 2.187 2.736 O•ptyty•bOh 22.558 8.W2 22J57 16.780 679.446 IX).792 820.238 726B36 8S2275 195.156 1,047.431 8eA).020 105 43.798 3.146 149.W2 12r)n12 10281 15.661 121.741 52.342 174.083 13D.992 20 Great Chesham PCC- Annual Report and Financial Statements- Year ended 31 December 2024 Notes to the Flnanclal Staten*nts for the year ended 31st Decen*xr 2024 FLYed ai8*t L*6d by tho PCC TwgMJl8 fixed M•ets L¥rQ & Fiths & 8qlip￿￿rt Totsl Al￿￿￿￿On31StDecernber 1997 byPCC Ai￿lL￿tiOn24 1998 byPCC Al¢OSt G￿$S8O￿kvsl Addiborts atCOSL DisrM>sals Gross BDokValL 920.0 29.0 754.798 1,703.798 920,LK)O 29.000 1.026.054 1.975.054 2.118 271256 271256 2.116 At 1 Jan2024 Al31 Dec 2024 1.703.798 273J72 1.977.170 Depreu3￿On Dep￿￿a￿On[Drtr¥ ￿#r Deprp￿obQntsTh$s$pts ¥ObJ Oepretsabon Al 1 Jèn2024 473.323 22.$56 252,371 8,￿2 725.694 31.458 Al31 Dec 2024 495M 261273 757.152 tBookVai A131 Dtrt 2024 t.￿7.919 12,099 18,884 1,220.018 1249.*1 NetBookVa A131 D6¢ 2023 1.2>).475 Larf & bu￿1￿3 irthAe freetr¥Jd ￿￿yj 8 bjkj1ws￿1￿s*arer￿ 9toss tN)*vaI￿of£1,e71.27s (2023 £1.e71,2751. dep￿Cial￿of£463.356(2o33.. £440,800) atvj r￿rth￿valLe (A£1,207.91912023."£1230,4751. Ic(ynprf8e8oftr* foknirg free￿￿￿ buihJir#Js'. SL Mafys Cthh Rooff&, EmmaMI Cthh& Fbl.Sl. JDMS BB*'rwJdonClurh&ffiebJ. SL Goo￿e￿ & ¢￿$t¢￿Ich￿￿l&. 31 cl￿p￿￿n.$ Cwwrt &r¢ 5 Fim*rgWsy. LaThJ & bi#&*rg$ Ir¢lk18 irryo*merts*Iths*ar￿￿ b00kval￿ of£32,523120ll' £32.523}. dep￿Cial 01£32.52312023' £32,523) ar¢ of£NIl12023' £MD. kccrfrwse$ol*asetrolJ Imprown2rtsal 230 Ct*thidge Larn. Tlwe pFJFErbe¥ 1rw8dfL¥app￿1jtn1￿tyrj.85O.(X)OlntO￿I¥TrJ Ills ￿kO￿*￿t￿*m￿k9t￿￿0fI is inexrp55 ir￿lIa￿ev￿1l*$. Tb 2024 2023 tkel AdOibOrStoirwstr￿rts •tts)$t Disw$8lproce&1s Add r*tgainonrevabJatson a5 D9¢0thr 534h09 638,491 5.134 29.034 4302 67,698 534,609 In￿sIrrents corrorise.. 114rket . Shares Li¥ied irne$fyTtrts RELX Grow{foThMtyReed Elsemw) 1th15 & bL*￿r 3.324 42 120A 103 EThlofftrtfirts C4asgow.C8F C ofE kTrpsbi*ntFw Ha¥VKb￿. CBF C olE hwtryw F￿1 14.937 64.782 3.667 BF C ofE kv4tsbThrt Acc CBF LK Eq￿tyFLrt A¢¢8lw8$ C8F PrDpeFtyFu¥J C8F itsfo$is¢¢wlesAx strAres CBF AtLstrAres 2.653 2.912 7.542 1.581 201 I66￿28 11.951 9.147 12.602 430.233 rkelwskne 15 b* trAd 5hBre chxe of the tsding thy ckn5èsiio 31 Dectntw. n￿lbpI.thj by nLrtw of 21 Great Chesham PCC- Annual Report and Financial Statements- Year ended 31 December 2024 Notes to tht Flnanclal Statements for year endod 31st D•c•mber 2024 *mly•ts dnot assets by fund FL Fw Fu To&1 Fixed Assets CLYrentAssets Clrt Li$tyikti¥$ Lory4ettn h$bihb¢$ ba￿￿e 1.$49.579 821.068 {31,0751 953 340.181 99.719 1.650,251 1.161,249 131.0751 2.339,572 1,1 99,719 2.780,425 2023 Fthy Total FixodAssets CfftMAs5ets CwrertLiabilibe5 1.￿,171 741J13 134.3501 97.488 1.783.970 1.082.464 134.3501 341,151 FUYJ bai*r¢o 2.392.134 342.462 97,488 2.832.084 D•btorn 2024 tBxrecNeRb prepa>n￿nts8Trj acoThd irter•51 (knrdebiof6 25,113 12,515 104,574 42.175 10.032 101.627 142202 154.034 t￿￿ed￿lt￿n0tr￿r￿thrs Ints oTrrtat¥J worpatsisa tenn b8nof£100.0O0ty)tr*(>eenHiMTr￿i on¥*lGh3% irterns115cIHryed. ban 1$ on31 D6¢6N*8r2026. 10 Xt24 2023 rLMk5 ar￿ defe￿d irur ¢reditor5 forwds ar￿ seNc4s (knrc¥editor6 23.124 3n31 23.821 4.416 31n75 Y.350 Fund dèta er¥J0htwrtfwxl$¢om￿is*$Iw*StrtsWm￿rnrt btyK•iiofSt Ernmarwl. Ba￿￿￿ al bBgINlryof 2024 rne EWor￿1b￿ TrAr6ferB olpar Eterritymatsrstr Wormrfs & Ctrl￿rerf￿￿0rkerts l¢*etsrg Poiri Sl Fixodass6tfLTh ctrfft5tia￿Agal￿tP0￿ryrty Fbpe Ctv Buklirg repalrfiKKJ 130A52 .459 153,8941 107,117 20.405 18,794 13B84 79279 21,968 113.9841 148.671 6,881 10.000 3,499 22,454 146,123 36,582 9,136 3,662 29.720 12.2671 18641 126.6081 110.9011 5510r 28,971 18,167 Total 342,462 193.828 195.156 341.134 22 Great Chesham PCC- Annual Report and Financial Statements-year ended 31 December 2024 Not•s to the Flnanclal Ststements for the year ended 31st December 2024 Futhj dètaL4 l¢ontl R•$tvkted Fund¢ B•brth al erd or￿ar 2023 EyTrJnLwe Trarsfers EtsnMtyM•ttots Womerfs & ChhJ[en'$wo￿*Ilryl Meebrg Poirt st￿ 76.660 36.80S 20.575 4.894 67.120 150.0341 130.552 138.E061 20,408 14.8941 ¢￿$boT￿Agai￿OI Po%erty 8.610 124.613 112.524 7.614 188.4861 (T331 148.671 e.881 10.000 3.49 22.4S4 Bu￿1r9 tep3irfirKJ CtrnslCtrLYch OruanfiJ•# Miw Su*ry$m81 10,000 4,689 16,196 3.499 19.431 14.V91 T¢)iai 282.OOJ 229,228 168.76 342.462 E￿rThty MattMs 15 LEed * pay thp sakry & as5O￿al￿d£0￿ r4*iiw kn tt* th'iisièr for E%*ryJelsm ￿*￿saI Em￿r￿1 Ctr•Jth irto isttyowh dOr￿tiOr￿ m¥dt byrr*n4)ws¢l Wrjwrfs & Cri￿￿rf8 ¥%