The Parochial Church Council of the Ecclesiastical Parish of Great Chesham Annual Report and Financial Statements Year ended 31 December 2025 Reglstered charlty number 1129438 Great Chesham PCC- Annual Report and Financial Statements- Year ended 31 December 2025 The Parochial Church Council of the Ecclesiastical Parish of Great Chesham, also known as Great Chesham PCC ('The PCC) are 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 fcw the year ended 31 December 2025. OUR OBJEcfivES AND ACTIVITIES The objectives of Ihe PCC are defined by the Parochial Church Council (Powers) Measure 1956 a5 '10 cooperate with the minister in promoting in the Parish the whole mission of the Church. pastoral. evangelisti¢, social and ecumenical.. Our aims and strategies to achieve them Our broad aims across Ihe Parish of Great Chesham are lo be faithful disciples of Jesus Christ in Chesham and beyond. deepening the worshipping lrfe of each of our dislricls, strengthening the faith and holiness of our members, helping individual Christians lo live out Iheir faith in their families, communities and places of work, taking a full part in Ihe life of our town and shafing our faith. and taking care of the assets that we have inherited and for which we are responsible. We are seeking lo tackle, as every church has the duty lo do. the effe¢i$ of human Selfishness and greed on ourselves, our community and our nalion. We beI￿ve that lasting change in our lives and communities comes as people learn lo live as disciples of Jesus Christ. Thls Is the work of the local chu￿h. under God. We exlst ffor HIS Glory and to $•rv• oth•rs. Strategy is shaped by the PCC and implemented by the Parish Siaff Team and individual District Church Councils IDCCSI. Our DCCS are enlrusled with direeling and mainlaining Ihe lrfe of each of our district churches ils worship and witness. We are often ¢onsideTing which activities are best done across the town and the team leg. finance, buildings, weddings ar￿ funerals, some training, some aspects of youth work. Safeguarding Children and Vulnerable Advltsl and which are best don8 al local, district level. The PCC sets the long term aims and obieclives for Ihe churches across Ihe Parish. Tho most specific way in which this is achieved is through decisions on stsffing, and where lo put staff resources and energies, The PCC has also been able lo provide extra lunding for individual dislri¢l ¢hur¢hes where Ihere is a need either through district income being lower than expected or needed, or when there is a pressing financial need beyond the means of that one district. On the whole (with exeeplions) each dislricl ￿ responsible for raising the funds necessary for their own staffing. DCCS have the responsibility for settirvJ, meeting and revthving shorter temi aims and objective$. The PCC considers team w￿e crtteria such as finance. the health of our buildings, deployment of staff members and reviewing parish wide activities. Individual Dislricls have the responsibility lo review individual aclivilies, programmes and schemes. as well as weekly and annual statist￿ of membership and allendance. What we do to meet our aims The PCC and ils sub-commillees have mel regularty through the year lo review, plan and refine the Great Chesham Team ministry. Each of our 5 districts ISI Mary's with Sl. John's Bellingdon", Emmanuel wrth Hope Church,. Sl.John's Ashley Green. Si. George's, Tylers Hill, and Christ Church, Waterside} has their own programme of Sunday services, special events, outreach services, and ways of serving the immediate community. Sunday Services provide a shop window for visitors, a chance for church members to leam and worship together, bul they are also a springboard out into the wider communty where all members of our churches are seeking lo live out their Chris118n lives faithfully. The Parish Staff Team meels tsVI￿ a week lo plan. review. organize and pray for the lrfe of the Parish. Great Chesham PCC- Annual Report and Financial Statements- Year ended 31 December 2025 We have maintained an open and welcoming attitude to the whole population ol Chesham, seeking to bring peace, graGe, love and comfort to those who are In need or who approach us for help. support or advice. The PCC runs other specrfic programmes led by a variety of stsff members arKI volunleers. This is parti¢ularly the case in our work with young people111 18). for whom there is a separate programme of activities that lake place on Tuesday and Friday evenings during term lime. Most of the dislricls run a variety of small groups that a￿ available to church members so that they can meet during the week, often al someone's house. lo study the Bible logelher, gel lo know each other beller. pray for each other and be a practical support and encwragemenl lo each other. Individual DCCS arg charyed wlth maklng sure that the pace and varlety of dlstrlct church Ille Is balanced - not too busy. not too empty. The PCC consmyers our range of mission partrters an absolulely vital part of whal we sland for and church members lake part In a wide mix of activities to supwrt and serve these mission partners, wilh prayer and often practically with visits and help. The PCC makes gifts lo known and established Mission Partners each year. as do individual DCCS. as part of Our ¢ommilmenl lo the wider church and God's work across the world. W¢ belleve that uslng our glfts to serve God In the l*x•l church 1$ • k•ypart of bdng a Chrlstlan. The PCC, predominantly through our S dislricls, has encouraged church members lo be generous in their lirne, financial resources and the use of their skills, all lo further the mission of the local church, and we are extremely grateful for and reliant on a wide range of our Church members volunleenng their lime, energy, expertise and professional exper￿nCe. The vast majority of our activities could not lake place without the active engagement, involvement and practical support of volunteers of all ages. The PCC recognises our responsibility lo galvanise, equip and encourage our members and we would never want lo be in a sriuation where we werenl utterly reliant on their involvement al all levels of responsibility and serv￿e. Volunteers lead and help al almost everything we do, wtth the exception of some occaslonal services such a$ funerals Ihal lake place only al the crematorium. and staff commilmenis outside Chesham. Everything else the running of all services, all ol our work with children, young people. th8 vulnerable, spe¢ial occasions. bible study groups, service groups for drfferenl kinds of people, our maintenance of buildings, our finances. our overall leadership - we are ullerly reliant on our volunteer membership and we receive 1000s of hours each year, equivalent lo many Pa￿ slaff land being Chrisiians, we belbeve Ihal this is how il shwld be!). Public beneflt As Wllllam Templ•, fonner Archblshop of Canterbury. once s•ld.' The GhurGh Is tho onty In$titutlon that exlsts prlm•nlly lor the benellt off those who are not Its mem1￿r$.. The PCC have had regard lo the Charity Cornmission's guidance on public benefit. Our activities are accessible to any and all people. We also ensure that what we do does not benefit us as individuals bul the aims of the PCC as a whole. We include declarations of conflicts of interest in our PCC meetings, and reporting of all related party Iransaclions. Great Chesham PCC- Annual Report and Financial Statements- Year ended 31 December 2025 OUR ACHIEVEMENTS AND PERFORMANCE What went well in 2025 We had a number of changes to our staffing in 2025. In Ihe summer Rev Dav￿ Hyndman, minister of Hope Church retired on grounds of ill health and his successor the Rev Edward Down arriving in September. Rev John Goodman the St Mary's Children's Minister moved on to a new post in an FIEC chtjrch. We also welcomed Rev Simon Austen as our Director of Training and head of a new parish wide School of Ministry. We appointed a part-time Safeguarding and compl￿nce Officer, a new Christians against Poverty m8na9er and rninislry trainee also for Emmanuel Church. We were grateful thal we were able lo make all these appoinlmenls. As a parish we continued lo engage with our local communilies through sthool Chaplaincies. services in nursing homes and visits lo local schools. We also engaged in town faith surveys. the local sclKJoIs carnival, the Mayor's Civic Service and the Town Carol Servtce. Throughout the year our churches provided toddler groups. messy church. pop up after school cafes, summer teas, pancake parties, senior's lunches and coffee mornings which were well supported by their local communities. Four of OLtr seven churches provided regular Sunday S¢hcd groups and the remaining three provided Bible resources for children lo enjoy when presenl. In August we had over 80 primary a9ed children allend our four day Holiday Club. The PCC invested in the care and mainlenance of our ¢hur¢h buildings to ensure they can continued lo used for Christian worship. Weekly youth activities and discipleship groups look place Ihroughoul the year wilh numbers growing al the fortnighlly Fri(Jay Night Youth evenings. Many of our membefs are involved in active Sefvice of the wider CL*mmunity', as school governors, through Chillern Foodbank and Chri$lian$ against Povety, in our Pastoral Care teams working with the elderly, vulnerable and housebound. What could have been better in 2025 We were sadly not able lo move lo￿ard wrth the appointment of a new Children's Minister for Sl Mary's which placed extra pressure on the existing staff and volunteer team. Debate surrounding the introduction of Prayers of Love and Failh for same sex couples ¢onlinued lo take up considerable PCC lime and impact Ihe level of ¢ongregalional giving Some of our smaller Congregat￿n$ have struggled lo pay their dislri¢l sha OUR FINANCIAL REVIEW Overvlew In 2025 Gr•at Ch•sham PCC Contlnued to be blessed fin•nclally. a sltu•tlon for whlch we owe hugg gratiTtude to God. and also to our parlshloners. who glve generously and s•crlflclally to ffund the work of our Lord here In Chesham and lurther afield. The Statement of Financial Activities for 2025 shows a deficti of £103k12024'. deficit of £52kl with the variance due primarily to unfavourable movements in the performance of investments. Income We must pralse the Lord for the Chrfst-centred generoslty of the members of ourchurches. The PCC raises rts income in a number of ways. The m05t important 15 to encourage church members lo see financial support of their local church as an important and sacrrficial part of their ovefall Christian discipleship. These voluntary donations from parishioners account for £836k. 890/0 of all income 12024.. £887k, 920/0 of all income). Our congregations benefit from the lalenls of the members of the staff team, who are resourcing the parish subslanlially, which is a great encouragement to church members lo give lo maintain the mission of the churches. Overall income is less than the prior year due to a decrease in donations which is partially offset by an in¢￿ase in fee income and legacies. Our heartfelt thanks go to all the donors in all the churches. Great Chesham PCC- Annual Report and Financial Statements- Year ended 31 December 2025 Expenditure Total expenditure in 2025 was £30k less than 2024. This was primarily due lo a £67k reduction in grants due lo timing and one off grfts in the prior year which more than offset Ihe £37k increase in the costs associated with the work of the church l¢)cally. The increase in the local costs was primarily due lo an increase in repair costs on staff housing, rent for a full 12 months of the curates house and increase in staff numbers. We are thankful to be In a position to be able to meet thi$ expenditure to facilitate our mlsslon. Reserves policy The PCC has unreslricled réserves of £998k 12024.. £1,121kl in the general fund and sundry designated funds which represents fourteen months of lolal 2025 unre51ricled expenditure 12024.. sixteen monlhsl. This is more than the six months of reserves jtsdged by the PCC to be needed lo ensure that all the churches in the Parish team can be financially supported. As a result there is a deficil budget for 2026 and discussions are ongoing about how best lo use these extra reserves. There are festricled reserves of £341 k 12024.. £341 kl. designated funds of £1,243k 12024., £1,21 gkl relating lo tangible fixed assets and other designaled funds of £402k12024.. £502kl, see note 11 for details of them. The lèvel of reserves held by the PCC and the Indlvldual churches Is a blesslng whlch enables confldent plannlng by the PCC of work to further the Lord's klngdom In to the future. Investment policy and performance Money not needed in the immediate fulure is generally kept in high interest bank accounts. fixed term deposits and slo¢k$ and shares. These are primarily held in CCLA in order lo earn as compelilive a return a5 possible. The PCC holds a number of inve$lmenls in stocks and shares. originally donated by parishioners. The PCC has also invested in the C8F Church of England Funds. which invests in ethically sound funds. Al the end of 2025, these investments overall showed a loss in the year of £25,11012024.' gain of £29,034). This decrease in value of s.89￿ is significantly worse than the FT Al Share Index. which showed an increase of 19.80/0 compared lo 2024 due lo shares in Relx performing particularly poorfy Ihis year.11 is nol currently anticipated that the capital value of these inveslmenl$ will be needed in the immediate future. and so these investments will be left in place al the current lime, in the anlicipalion that they will gain in value over the medium term. The PCC has made no social inveslmenls. Grants 11 is the policy of the PCC that al least 10°/• of unrestrieled monies received is given lo mlssion andlor charitable causes. In 2025 18%12024.' 22Vol of unre$tri¢led income was expended as 9ranls. These donatlons holp dir•¢tly to fvrther the work of our Lord In thls world, and It Is a loy that we are abl• to do this. Fundralsing Policy The PCC engaged in fundraising, in the fomi of receiving free-will ¢)fferingsldonalions, some of which were grfi- aided, from members of our fellowship. However. we did not contract the service of any professional fundraisers as defined by section 58 of the Charities Act 1992. Other Ihan publicly inviting an offering al services, we do not engage in persislenl fundraising or intrusive fundraising praclices with any of our donors. including vulnerable people, and we never have privale or coercive discussions with individuals about their giving. Our fundraising practices are ethical and in accordan¢e with Biblical pnrtiples. No cnmplainls were received about our fundraising practices. Going Concern The PCC considers that the circumstances are such that adequate resources continue lo be available to fund the activities for the foreseeable fulufe. The PCC members are of the view that Great Chesham PCC is a going concern. Great Chesham PCC- Annual Report and Financial Statements- Year ended 31 December 2025 OUR PLANS FOR THE FUTURE What is planned In 2026 we plan and hope that." - we will be able lo Ministry TraineeslAssistanls to serve the St Mary s and Emmanuel Church church families - the PCC will continue lo support the mission and ministry of each of ils 5 districts and seven churches ¢ondu¢l a parish wide easter mission called Lrfe .26 we will be, as a result, blessed with more disciples of Jesus Christ belonging lo our churches we will be able lo strengthen our training provision for the members of our churches through the School of Ministry as it eslablishes rtself under the leadership of Rev Simon Austen Posslble challenges The PCC Is mindlul of.- the deficit budget sel for 2026 means that we will be retying on reserves lo pay all our bills in 2026 the conlinued effect of inflation arKI increased energy bills on individual ¢hur¢h members and the people of Chesham generally and the potential of reduced giving in the year ahead OUR STRUCTURE GOVERNANCE AND MANAGEMENT Organlsatlonal structure The Parish of Great Chesham is a Team Minislry consisting of 5 Dislricls an(1 7 Churches Si Mary's with Sl John's Bellingdon., Christ Church, Waterside,. Si George's, Tylers Hill.. Emmanuel with Hope Church., and Sl John the Evangelist, Ashley Gieen. The Parochial Church Council of Ihe Ecdesiaslical Parish of Great Chesham (The PCCI has oversight of the whole Parish. The PCC is a ¢orporale body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure 1956. The PCC is a wislered charity {numt)er 11294381 with the Charity Commission. PCC members, who are the trustees Members of the PCC are either ex-officio, co-opted or elecled by the Annual Parochial Church Meeling IAPCM} in accordance with the Church Represenlalion Rules after nomination by the five Annual District Church Meetings IAOCMSI, as laid down in the Parish Scheme, and ralif*d by the APCM. There are 2 Parish Wardens. Each District ele¢ts 2 Districl Wardens. at least one of these sits on the PCC. Each District elects a represenlalive on the Deanery Synod. with the Dislricls of St Mary s & Sl John's Bellingdon l Emmanuel & Hope Church electing second represenlalives-, there are 2 other Deanery Synod representatives who are elected from the Parish as a whole. Besides the Dislricl Warden representatives and the Deanery Synod represenlalives on the PCC. Si Mary s & St John's, Bellingdon have 5 other Members, Emmanuel & Hopo have 3 other Members and Christ Church, Sl George's and Sl John's Ashley Green each have 2 other Members. The PCC endeavours to ensure that new members are aware of the nature of their responsibilities, and assistance is available from the churchwardens when needed. Training can be provided as necessary for membefs of the PCC lo enable them lo carry out their role effectively. Great Chesham PCC- Annual Report and Financial Statements- Year ended 31 December 2025 Ouring the year the following served as members of the PCC.. Cleryy Rev Canon Edward Bowes-smilh Rev Darren Dalton Rev Ed Down (from September 20251 Rev David Hyndman Ilo June 20251 Rev Edward Millais Rev Jeremy Moodey ISSMI Rev Charmaine Muir Rev Rob Perkins Rev Or Tim Yales ISSM) EIKled members Tim Allan {from May 20251 Lynelle Bishop Malcolm Bonner Ruth Brown Ilo May 20251 Lisbelh Cameron Chris Clarke (to May 20251 marjor￿ Oavies {lo May 20251 Henry Devereux Simon Evans David Green Graham Green R￿hard Hartfall Martin Kaley (from May 20251 Sian Lilley {from May 20251 John Mayne Ilo May 20251 Martin Phillip5 (to May 2025) Julie Rennard Hazel Rymer Sarah Tasker Josh Tale Ifiom May 2025> James Turner Richard Wallace Ifrom May 20251 Matthew While Llcensed Lay Minister Geoff Houslon Parlsh Wardens Peter Harnillon Sarah Williams General Synod memb•r¥ Canon Julie Dziegiel Rev Jeremy Moodey Deanery Synod member8 Chris Emblelon Smith Margaret Gingell lan Hamilton Jacquie Hardman Andrew Pallerson Hilary Povey Ja¢quèline Rose Don Sanderson John Spen¢e Ilfom May 20251 Co opt•d m•mb•r Ruth Brown Ifrom September 20251 Rachel Meldnjm Ilo May 2025) Bernard Patterson Devaneson Robert In addition to the contribution by PCC members, as is common with other churches, the work of this Parish could not be carried out wilhoul the enormous conlritmjlion by members of the Parish 9iving unstintingly of their lime. talents and money. Great Chesham PCC- Annual Report and Financial Statements- Year ended 31 December 2025 Responsibilities of members of the PCC in relation to the financial statements The law applieable lo charities in England and Wales requires the Iruslees lo prepare financial stslemenls for each financial year, which give a true and fair view of the charity s financial activilies during the year and of ils financial position al the end of the year. In preparing these financial stalements. the MembeTS of the PCC are required lo.. selecl suilable accounting policies and then apFdy them consi5tently.' observe the methods and principles in the Charities SORP.. make judgemenls and eslimales that are reasonable and prudent.. stale whether applicable UK accounting standards have been followed. subiecl lo any material departuies disclosed and explained in the financial slalements. and prepare the financial slalemenls on 2 going concern basis unless it is inappropriate lo presume that the PCC will continue in operation. Members of the PCC are respons1t￿e for keepiThJ accounting rewd$. that are sufficient lo show and explain the PCC'S transactions arsd disclose with reasonable accuracy al any lime the financial position of the PCC and enable them lo ensure that the financial stalemenls comply with the Church Aceounling Regulations 1997 as amended by the Church Accounting (Amendmenll Regulations 2006, the Charities Act 2011 and the Charities Slalemenl of Recommended Practice. The PCC are also responsible for safeguarding their a$sel$ and hence for taking reasonable steps for the prevention and detection of fraud and other irregulafilies. Committees The PCC meets regularly bul also operates through a number of Committees and through working parties formed as necessary. The committees are- Standlng commlttee Team Rector, Parish Wardens. Parish Treasurer, Team Vicars, District Warden (St Mary51 & Parish Safeguarding offi¢er. Flnanc• ¢omrnltt•o Team Rector. Parish Treasurer, District TreaSu￿r$, Chairman of Parish Buildings Committee and a Parish Warden. Oversees budgets, expenditure issues and accounling pr¢)cedures. Parlsh bulldlngs commlttee Chairman - buildings manager, Parish Treasurer. 1 warden and 1 represenlalive from - Sl John's Ashley Green, Emmanuel, Sl Mary's. Sl George's. Christ Church, Sl John's Bellingdon and Hope Church. Oversee5 repair and maintenance of Chuf¢h buildings. Key management personnel The PCC delegates the day-to-day managemenl of the parish lo the following people.. The Team Rector Rev Canon Edward Bowes-smrth Team Vlcarn Rev Darren Dalton Rev Edward Millais Locally Supported Mlnlstry Posts ILSPS) Rev Ed Down Ifrom September 20251 Rev David Hyndman Ilo June 2025) Rev Charmaine Muir Self Supportln9 Mlnlst•rs (SSMS) Rev Jeremy M¢Jodey Rev Tim Yates Great Chesham PCC- Annual Report and Financial Statements- Year ended 31 December 2025 Parlsh Wardens Peter Hamilton Sarah Williams Parish Treasurer David Green The Team Rector and Team vicars receive a slipend and housing from Oxford Diocese and the LSPS receive a stipend from the Oxford Diocese and housing from the PCC. The other key management personnel are unremuneraled volunteers. All are members of the PCC. Details of expenses and related party transactions regarding all PCC members are sel wt in note 2 to the financial statements. Staff Team The staff team includes the Clergy and the following people who are employed by the PCC or Diocese.. Rev John Goodman- Children'5 Minister Ito September 20251 Andrew Pallerson - Minister for Evangelism. Emmanuel church Lynette Price - Parish Adminislralor John Spence- Youth Minisler Rev Simon ALtslen (from July 20251 Ruth Brown (from September 20251 Lauren Burgin (from October 20251 Joan Jeffrey Linda McNamara Th8 extended staff team includes retired Clergy and Li¢en¢ed Lay Ministers who ¢)ffer Iheif $ervi¢e$ voluntarily. for which the parish is extremely grateful. Risk management The PCC reviewed the Risk Management Action Plan, which ￿ent￿e$ major risks and establishes systems lo miligale them. The major risks ￿entIr￿1 a￿.. Disunity caused by the Church of England's Lwing in Love and Faith prcKess Prayerlessness- risk managed by regular prayer meetings of staff and church members Abuse of children while engaged in chur¢h led actNilies - risk managed by D8S ¢he¢k$ for everyone involved in any way and training of all leaders Health and safety andlor fire safety regulalion breaches - risk managed by discussion al regular meetings of the buildings committee Other risks are managed by meetings, training, mutual support, succeSs￿)n planning, internal controls and insurance ¢over. Great Chesham PCC- Annual Report and Financial Statements-year ended 31 December 2025 OUR REFERENCE AND ADMINISTRATIVE DETAILS Incumbent. Chief executive The Team Rector, Rev Canon Edward Bowes-smilh Correspondence address The PCC Secretary The Pafish Office The Rectory ChLtrch Sireel Chesham Buckinghamshiie HP51HY Bankers CAF 8ank 25 Kings Hill Ave Kings Hill Wesl Malling ME19 4JQ Independent Examiner Miriam Hickson CTA FCA JCS A¢¢ountanls Ltd 5 Robin Hood Lane Sullon Surrey SM1 2SW Legal Advisors Edward Connor Solicitors 10 The Point Market Harborough LE16 7QU 'Therefore go and make disciples ol all nations, baptizing them in the name of the Father and of the Son and of the Holy Spirit, and teaching them to obey everything I have commanded you. And surely l am with you always, lo the very end of the age., Matthew 28, v19 & 20, NIV This report was prepared in accordance with the Charities Slalemenl of Recommended Practice FRS 102120191. Approved by the Parochial Church Council of the Ecdesiastical Parish of Great Chesham on 18/3/2026 and signed on their behalf by Rev Canon Edward Bowes-smith Team Rector David Green Treasurer Great Chesham PCC- Annual Report and Financial Statements- Year ended 31 December 2025 Independent gxaminer's report to the trustees of Great Chesham Parochial Church Council I report lo the charity Iruslees on my examination of the accounts of the Great Chesham Parochial Church Council Ilhe Church) for the year ended 31 December 2025 sel out on pages 11 10 25. Responsibilitie$ and basis of report As the charity's trustees you are responsible for the tKeparalion of the accounis in accordance with the requirements of the Charities Act 2011 I'lhe Acl'l. I report in respeel of my examination of the Trust's accounts as carried oul under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under 5e¢lion 14515Mbl of the Act. Indepondant examlner's statamant Since the Chur¢h'$ gross •r￿OMe exceeded £250.000 your examiner must be a member of a body li$led in se¢lion 145 of the 2011 Act. I confirm that l am qualrfied lo undertake the examination because l am a member of the Inslilut¢ of Chartered Accounlanls in England and Wales, which is one of the lisled bodies. I have completed my examination. I confirm that no matters have come lo my attention in ¢onneclion with the examination giving me cause lo believe Ihal in any material resp8cI'. accounting records were not kept in respect of the Church as required by section 130 of the Act., or the accounts do nol accord with Ihose records.. or the accounls do not comply with the applicable requirement$ ¢onceming the form and conlenl of accounts sel oul in Ihe Charities IAccounls and Report) Regulation$ 2008 other than any requirement that the accounts gwe a 'lrue and fair view. wh¢h 1$ not a matter o)nsidered as part of an independent examination., or the accoun15 have not been prepared in accordance with the methods and principles of Accounting and Reporting by Charilies.. Slalemenl of Recommended Practice applicable lo charities preparing their ac¢ounl$ in accordance with Ihe Financial Reporting Standard applicable in the UK and the Republt of Ireland IFRS 102) I have no ¢on¢erns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Miriam Hickson CTA FCA JCS Accounlanls Ltd 5 Robin Hood Lane Sutton Surrey SM12SW Dale.. 20 Z io Great Chesham PCC- Annual Report and Financial Statements- Year ended 31 December 2025 )￿0 r IQ hl P) (O (o li Great Chesham PCC- Annual Report and Financial Statements- Year ended 31 December 2025 Parochial Church Council of tho Ecclesiastical Parish of Great Chesham Balance sheet at 31 December 2025 2025 2024 Ntst• Fixed assots Ta￿lbre fixed assels 5trnert a55ets 71al 71bl 1,250,311 1,220,018 393.039 430.233 1,643,350 1,650,251 Currènt a$set$ s￿Ck Oebtois Cash al bard( in 1.547 1.655 173.413 142,202 886.791 1.017.392 1,061,751 1,161,249 Current Ilabllltles Liabilities. lalliTrJ bith'n 0￿ year 10 127,5151 131,0751 127,5151 131,0751 Net current as$•t$ 1,034,238 1,130.174 N•t assets 2.677,586 2,780,425 Funds UnTe5￿Cted- Ger*ral Unffjsiricted- s￿￿rydesIgrOled Unrpsthctèd- Dèslgnated ftsM1 lrnktinJ to tar¥Jlb* fi>MI assets) Restricied EThJowmerrt 596.457 818.545 401.535 501,962 1,242,587 1,219,065 341.274 341,134 95,733 99,719 11 11 11 2.677.586 2,780.425 T￿se firvrcial stal&marts ￿ere apPrO￿d by ts Parothal Chxch Cowl aTrJ ath)rised lor Issue on aTrJ are SIg￿d on tsir bknmby. Rev Cgmn Et. d. Expendltur• Expenditure is recognised once Ihere is a legal or construclivg oblKJatK)n to make a payment to a third party. 51 is probable Ihal settlement will be require(l and tha amount ol the obly8tion b& mèasured reliabty. ExperK1iturè is discounled to present value for longer lemi li8￿'11t1e5. All eX￿ndItUre is accounted IOT on an 8xruals baws and has bèen cl8ssifiad under headlngs that 8ggre9al& all cosls related to Ihe category. Grant$ payab￿ ale payments made to Ihird parties in the furlherarth of the charitable obieclNes of the PCC. In ihe case of an un¢onditional grant offer this is accru8d once Ihe recApient h85 been notified of the gfanl awarij. The notif*calion gives the rècipi8nt a reasonable expectsbon that th&y wll receive the one or multi year 9rant. Grant awards that are sublecl to the recipient fulfilling p&rfO￿anCe condilK)ns are onty accrued when the recipient has been nobfied of the grant and any remaining unfulfilled condilh)ns attachirrfJ to that grant are ojtshle the control of the PCC. Pfovi$ions for granis are rn8de when the ￿tention to make 8 grant ha$ b6en communraled lo the r8cipiant but there is uncertainly as to Ihe liming of the grant or Ihe amount paYa￿e. A provision for a multi year gr8nl is recognised at its present Value where setuement is due over mor8 than one year from the dale of tha award. there a￿ no unfulfilled performance oondilion$ under the control of the PCC thal wwld pemil the PCC lo avoid making the futur8 p8yrnenVsl. $6tt1emont is probable. and the effects of discounting is material. The discount rale uwj is the rnte offered on govemmenl bonds for a similar lime per￿4 offered in Ihe year in which the grnnt award is made. The cosls ofgrants a￿ shown under the headiny'Chaiikt4e acbvitses- Gr8nls' and are dètailed in note 5b. Irrecoverablè VAT is charg￿1 against lh8 catwJory of expeThJiture for which li was incurred. Expendrtur& is das%ffied underthe fdlow.ng actsvity headings.. Costs of raisiru fund$ t￿npIlse Ihe costs of fvrKlrdisiThJ, investmenl m￿agernent costs and ccffi7mercial trading and the associated support costs. 14 Great Chesham PCC- Annual Report and Financial Statements- Year ended 31 December 2025 Notes to the financial statements for the year ended 31 December 2025 Exp¢ndrture on'ChaiitaNe ￿tIvitIes- Grants, I￿￿deS grnnts given to rn1￿0n partne￿ and these are detailed in note 5b. Expènditurtr on'charitable activib"es- Woth of the churth, indudes the cost of actiwties undertaken to fijrther the purposes of the PCC and their associated suppcKt costs. and these are deiailed in note Sc. The parish share is accounted for when payablè. Any shar8 unpaid lor Ove￿aId} at 31 December is provKled for in ihese financial statements as an operalional (though not a leg811 liability lor prepaym8nll and is shown as a cre(Jrtor lor debtor) in the Balance Sheet. Othgr expenditu￿ represents Ihose rtems not falling under any other heading. All expenses, including support and govemarKe costs, are 811(Yated or apwjrtioned lo Ihe appl￿ble heading in the SOFA. Support costs are those fvnctions that assist the work ol ihe PCC but do nol diredty undertsko charitable athitses. Support costs in¢ludè officè costs, finance. personnel, payroll and governance costs which suptK)rt the PCC'$ ath"vitse$. Gov$ma￿e Gosts comprise all costs involvi the public accountability of the PCC and its com￿1￿nCe with regulation and g¢x)d pr8clice, including Ihtr cost of th8 independent examinalion. S[￿Port cosis. I￿U￿•r0 govemance ￿818, 8fe al￿￿￿ted lo 'Charit8ble 8ctivits8s - Work of the church.. e. Tanglble fix•d assets and depr•clatlon Cons•crat?d land and bulldlngty •nd mo¥•bl• ¢hyrch fuml•hlny. Con$ecrat8d gnd b8n&llc8d property of any kind is exduded from Ihe financkryl staiements by s.1012Kcl of the Charities A¢1 2011. Movable church lumishirwJs held by the Vur arKI Churchw8rdens M special Intsl lof the PCC 8nd whkh roqylro a faculty lor disposal are accounted a6 inalienable prop8ty unless consecrated. They are Itsteil in the church's Inventory. which ¢8n be inspected. For inal￿nable propety 8CqUbred prior lo 20fx) there 1$ irNJffiaenl Cost inform8111)n 8vailablo.' thOT8forg. such movable church lumishiros held by the VKar and assets are not valued in the financial stalemenls. Items acquired since 1 January 2000 havo been capilalised and depreciated in ihe financial statements over their currenty anbc4pated useful economic life linilially over fivè to twenty years. as appfopriaie to ihe item) on a Stra￿jht-lIn8 basis. All expenditure incurred in the y88r on conwr8le11 or ben$T￿ed ￿N￿ling6, indNidual ilgms urK1er £7,SCrf) or on tho ￿polI ol rnoveable church hJmishiThJs acquired befwe 1 January 20CQ is written off. Oth•r fr••hold land and buSldlngs Freghold land and buildirrfJs thal are not con8euated or b&ner￿d property arn val￿￿d al cosl. Depreciatlon is charged on buildings on 8 slraighl-line basis over SO years. L•a8•hold Improv•m•nt¥ Leasehold improvements ao valueil al Cost. Deprfjciation Is chargod cffi a stravJht4in8 basis over the remainiThJ ￿rIOd of th8 Other flxtur•s, flttlng8 and offl¢• •qulpm•nt All assets costs'ng more than £7,500 are capitalised and asstri$ are valw18l histori¢ cost. Dgw8¢ialion 1$ ¢harggd on ￿ch S8els on 8 SIr8￿hl-lln8 basis over thg eslbmatsd Us￿1 lifè of b&twa8n 5 and 20 yè*s. f. Invèstments Investmenls comprise of stcd and shares and fixèd temi bank dap￿ts and arè stat8d at mart81 valua at th& year 8nd. Thg statemenl of finanryal ac(iviUes includes Ihe nel gains and10$5es ari5irKJ on rgvalu8tion anil disposals throughout ths yg8r. g. Galn$ and lossgs on Inv8stm•nts All galns and losses are taken to the ststement of ffinancial activitses a5 they arise. Re81i5ed gains or losses on investrnenls are calculated as the dIffe￿nCe betyveen sales proceeds and openiw market value Ipurthase cost if latèrl. UnrÈAlisèd gains and losses are calculate(l a5 Ihe difference between the market value at the year*nd arKI opèniThJ Ma￿et value lor purchase cost, if latèr). Realised and unfealised gains or losses a￿ not separated in the Strte￿nI of financial activities. h. Current assets Slocks of books for resale a￿ valued al the lower ofcost aTrJ nel realisatle val￿. Dgbtors- Gr8nts receivable 8nd otlw d9btor¥ a￿ It￿Ude￿ al thè selY8m8nt amount duè, less proviswjn for amounts that may prove uncollectable. PrepayrTEnts are valued al the amount p￿Pa￿l. Cash at bank and in hand - Cash at bank and in hand indudes cash aThJ short temi hpJhly liquid invesiments wrth a short aturity of 95 days or bss. Short-temi dewsrts inthde cash hdd ￿ depo*t eit￿ry￿￿ the CBF Church of England FLtnds or at Ihe bank. 15 Great Chesham PCC- Annual Report and Financial Statements- Year ended 31 December 2025 Notes to the financial statements for the year ended 31 December 2025 Credrtors and provisions - c￿lto¥S and provigons rwnised Whe￿ the PCC has a PTesènt obligation arising from a past evenl th8t wll probably result in the transfer of tsnds lo a Ihird party and the amount du8 lo settle the obli9atlon can be measured or esknmated reliabty- Crèdrtors and provisions are recognise2 16,356 886,583 8.186 26.550 759.388 676.9(kS 636.294 4b L•g•¢fj Legacie 9.980 9,980 Ch•r#•blw •ctlv* Feles, ow*rf￿￿-lOlwry •wrti S.882 5.882 6.194 5,882 6.194 O¢h•r tradkng Booksu CtrLYch 4¥thr9B •*. F￿* 25,593 21.472 29.878 21.472 28.909 3.381 47273 4285 51.558 32.554 v•#tmints DI￿0•r￿S ard 28.448 28.448 35.796 35.798 41.407 41,407 Tcrfal in¢(Jne and endowrnents 758.509 181.i¥J3 939.S12 966,738 Expgndllur• on Fétss anj otr*r hrd raisir••* ￿￿*1¢nary and ChaiithbK•gl¥ln9: CINJr¢h CKws8as.' 55lry*rys￿bes Ctrtych kfjs5i0nsor￿ty# C*4F 8.0 16.000 16.OOD 18 Great Chesham PCC- Annual Report and Financial Statements- Year ended 31 December 2025 Not•s to the Flnanclal Statements for the year ended 31st Dec•b)knr 2025 TOTAL FUNDS 2025 2024 5b Charltabl• O¢lfvhkns- Gr•rrts l¢onii MjHionary¥nd Ch¥rktsty* gi￿n0.. Reli018r￿ de*hjprrtrta9e￿eS Funds 3.000 3,000 713 CMs)anSohd•ntywothide ARttl C￿sts&nANd 11Y) 1.076 l(Kl 1.076 257 585 3.600 3,585 8,500 3,54S 2.860 993 3.600 3297 7.786 1,630 2.860 85 26.427 3.6LY) 993 7.786 Tearfw Fowlainol P••¢• DaTh•l Rk 1.630 85 22.493 3.934 29.645 IAh•lon•ry •nd ¢h•th•bl• 9l¥lng.' k6btt*or¢s". ctuchAm USPG CPAS FO>Jiard 8raKhCIw UFM W0th￿0• Arc￿e1C0￿0fBu*k8 C*yCIknty ChlJr•rlsSop•ty Bot•1 CtrfftSb•r6 A9•ir*l Powty 1.044 2.500 4.207 5.170 1.208 3.000 2.901 5,170 600 1,338 28,2(M) 13.984 4.186 2.970 9.570 .200 16,783 3,663 382 146.740 2.848 5.170 1.359 16$ 7.015 7.180 4.186 2.970 9.570 2200 43,920 Wschffe Bibkn Trnr6kntorn S S•rMw irnk4is*on im LorthDCityK455ion 2.970 9.570 22(K) 43.920 CtruchoDBeryfie L•)#ot£5C 8.374 85.694 Chrisl'ws eAtsdtr ** wth.. f*•r• Err**8¢• Lts Ithdd￿ E8* 1$.￿5 1.045 4.620 20.7 15,065 1,045 4,620 20.7 15.06$ 2,185 4,620 21,870 Secu* Ch￿#8$ & relef cl Fthvty.. h8b1￿¢ Sl Frarris Pb5pice 118rie tr4%p¢o Watef51de 865 865 1,208 2,936 1,044 1,044 Tolal rurbafolgrxtsmllde 137.587 12,Y)6 149.895 217.193 fol￿￿￿ knslee Cl￿alc￿s￿Orn PCC areakn • knE*earth¥dirnctrJroftr* fdtrdirpory•nGatsDn.' Sitton ENers. Kth)$1 kxe(r•bvo1 JthSperre.IbJDlaTrY B￿r￿c￿or￿e Jaff*s T￿r. W5c&ffè Bib￿ Trars&bYS JeremyNkK¥Jey.ChJch M59onsoc￿ty % SarahWikarr6. F¢rtfthinrAP 19 Great Chesham PCC- Annual Report and Financial Statements- Year ended 31 December 2025 Notes to the Flnanclal Statemènts for the year ended 31st D•cèn*er 2025 TOTAL FUNDS 2025 2024 Fund Charitabh a¢thThlkn- ol the dwrch MIASWY Pan5hstr* Wofkiro expertse5ofc￿￿YS mAwolstyff Rem re￿IrS 8 mair*rÉrtt ofs>ff troLEir¥ Staff & Soc￿￿n31$a￿￿e LasYeader5, NSM •r¥J ￿$1)r9 speak•r5 157.284 14.0 94.183 75.394 157.284 14.022 127,442 129,￿8 163.310 14.438 78.403 97.244 873 33.259 53ffj74 Mwc & tqupft*rt *al&￿9 6.7 42.175 17.153 92.707 11.988 119h23 4.637 16.ot 1ts12 255 203 1,422 2,7B9 3.026 7292 45,244 17.153 123.296 12.245 164.888 4.637 16.006 7,11K) 46,615 16,839 72,238 15,023 209,846 3.¢￿9 Repai￿ ¢ moirteror SLryJry I￿LI11r￿j Ctru¢h(XAroa¢N miS5I0fj & nfistry 30.￿9 257 45, ￿cor￿￿c￿t¢d bu￿1￿￿6 rLmNJ W8LS PLY¢K•s•$ & ¢05tsfortODksi•l•*.*)rff•8•1• 65.162 226 263 194 1.075 2.187 2.858 255 203 1.422 2.789 3.OZ6 Leg& ard profess￿r•I11•S I•p•fthrt Eyamirers lèè 31. S.856 698.791 31. 22.$56 8.902 P￿rt. ¥•hc*s & •qwr•rt 2.140 168.555 867.346 830.238 Tolal expendi￿re 836.378 180.663 1,017,241 1,047.431 Wa9•s ar￿ sakrtés Social $8cthty¢OS15 Pe￿￿nCrythbt￿ert 118.263 4.6S) 12.660 45.683 2.390 5.600 $3.673 163.Y6 7.040 16.260 149,602 15,681 174,083 135.573 189.246 D￿re t￿ CL¥rnrt phor￿ar$i￿• PCC nwthtof¢l•r9y. 14yrThrislern, SKrelaDoS8r￿ ¢*•r*F¥. rO￿Or￿M ••ff•d £60.(#X) pa. or ￿)ro. Awrng• rth*•rol¥¥ff d￿roj tr* ywr. 20 Great Chesham PCC- Annual Report and Financial Statements- Year ended 31 December 2025 Notes to the Flnanclal State￿￿¢5 for the year ended 31st I)e￿lI￿r 2025 as￿ ua•d by t￿ PCC Tangb* fixed as**ts Fi￿lL￿e6 & Total t￿lI1r9$ AlvaKBbon31sl Decethr 1997 byPCC Ai*k*bon 24 th 1998 byPCC Alc051 (¥oss B￿k V8i* AddiDor6ai￿ar￿a book ofEI.67127512024 £1.671,2751. d•prntyabonof£485.91312024' £463.35614rn1 rnit*>)k wk•o111.185.36212024.. £1207.9191. Icoffw5•5011hry fDhJMry Si MJrf5 Ctrurh RO￿￿, ErrffjJruslCFv¢h& Ftsll Sl. 8e&tydon C￿￿h6 fro￿. Si. Geoy's & CM$i Clu¢hPtsls. 31 C￿Pman￿ cr•$¢•rn•r￿ S F•m*rs Way. L&￿ & buhJif•$ InVowff*f4vAih>wr￿9r0Ss boDk ￿￿tal£95.583I20?A.. £32.5231.depreciatson oft41,$3212024. E32.523lard relboE* 01£54.051 {2024 EMII I ￿Tr￿n5•S olb•6etrJhS Irrw%*ft*rtS a1230 Ct•lthLSa• Lar*•r￿ Tr•w tyop•Fb•$￿ If6Lv•d Sjrappro>)ffra*ty£3.OX*A￿ifiI)￿1￿ il is h'k•tytr•i oftt*s• prop**i•s Is Ine>t•S$of￿ Irwar￿ 7b 2025 2024 Mathet brwMSJwd Addit￿10 IfhWbThris•i¢ul DIsp05a Add ￿ g•irrf(k>sslon Matk•i •$81311)oc•rtN•r 420233 5Y.609 112,0641 1133.4101 29,034 430.233 393.039 . Shwes Lisi*d Iffv*strTrw¢s PELX L¥oLV IforyretyReqd Ekn4w) 3.324 42 1CD.385 Gksgow.CBF C ofE IN•strr•ri Fw#J In5.CBF ColE 646 3fi67 14.340 61.393 c1t*ri￿$￿￿N9 CBF C ofE hestn*rt FLhJ A¢esl*rns C8F PwertyFLnl k 51w CBF Fixed tr*TestSec￿￿eS Accstorns CBF $tr•re$ 2.653 7.542 1.581 164.584 9.491 10261 12,455 393.039 Ktrket th is the bid sh*e g¥ice at ** th>È dthe ck*est b 31 Oeceth. ty 21 Great Chesham PCC- Annual Report and Financial Statements-year ended 310ecember 2025 Not•s to th• Flnancial Statemènts for the year end￿ 31st Dttèmber 202S ass*ts tsy fund 2025 FLr4 F￿1 FLffjd Tobi FiN4d Asse cL￿ert Assets Cwrern Li8biSty¢S 1.539B93 728201 127.515 2240.579 7.724 333,550 95.733 1.643.3 1.061.751 127.515 2.677.586 341.274 95.733 2024 Fwid Fw•J Total Fixed Asse15 CfftrrtA$se¢s Cmrt Liat4lbets ballr l.Y9.579 821.068 31.0751 2.339.572 953 340.181 99.719 1.650.251 1,161.249 131.075 2.780.425 341.134 99,719 D•btor• 202$ 2024 26.536 12.308 132.￿7 25.113 12.515 104.574 ¢>ordqbtois 173.413 142202 *41hnotr•rd•bts5 iDits cmrt8ThY is a IAnof£100,rix)k) Totsion￿hch 3% irlernolis b•n15 W6•CLw•d w5•t4) tyioroft•r 1 tleuffbTrr2028 v•tyi6 ffw)rths 10 2025 2024 Acc￿[* ard d•fernd irtoh¥J Cmditois k*9c*Jds •r¢ s•N¢ rfv¢r•dibJ 21.531 3.209 2.775 23,124 3.031 4.920 27.515 31.075 11 Fund d•til Tl* ￿￿rtse&ll*jts1Y#* Fmif•Mb•rnfilolSI. ￿rf$4 EfiYf49rn￿. R•¥trki•d Fun B•igrv al btgimroj of 202S EFp•rdibn TrarAf•r8 8ThJ 01￿￿r Elemty Maiw15 Poirt, Sl CMstyorSA￿n5tpO%trty bpe C1￿h B￿￿1r9 ￿pair C￿StC￿￿¢hcxgan Mis510r6 S¢W olk4As sw￿ry$￿alILTh1S 107.117 18.794 22x4 {54.9491 12.8181 16.1031 171.9361 I12.￿7} 11.7821 15.2931 74.492 15.976 6.193 72.341 10.121 116.123 148.528 24.642 7.354 21.042 20.243 30.997 9.136 3.662 22.673 20.524 26.911 Z9.720 125.6341 Tokl 341.134 181,003 180.863 341.274 22 Great Chesham PCC- Annual Report and Financial Statements-year ended 31 December 2025 Not•s to the Flnanclal Statements for the year ended 31st Oecember 2025 11 FUINI detals Icortl Re5tr¢¢d Fynds BaiAr¢e81 begirrtrg 01 2024 EpperditsKe TrarGlar& erd of￿ar 130.552 20.405 30.459 153.8941 Poirt, Sl CthstarsA9aif6tPo%wty Clvrh BU￿1ry fep•ir CMsiCFueh(tyn Misson5 S¢WlolmAswy 18,794 13.984 79.279 21.968 113,9841 161.8271 {2.2671 16641 128.8081 148.671 6.881 lo.￿) 3.499 146.123 26.582 9.136 3.662 28.971 fd.454 18,167 29,720 Toibl 342.462 193.828 I￿,156 341.134 Tt* EterThty Is b) p•y tt* s•knry & al￿111*dt￿$sts 10 itr* Mifisiatfor E￿NI0￿8M ernwr￿1 irtj tr• ￿ istrwh dorn*or6 fflad• bymen*•r& olEwrnir￿l Cthh. •trr¥J Ptyrt fLV)l ffeb*S b • *gxyre¢•i%•d fty ts t•r•fii olTr• Pkn•)r¥ Pthr4•1 SiJotrfs Bellr4don TN? CM¥b•rs Aga￿1 Powrty ICAPlnw firyl t• CAPD•btCtyx6•*ry c•rnr• al EmmirL•I ¢f￿h. &xO i$Le•d 6abry & •SaW•Md¢o8tsf•b￿ ¢0 tr• s*ff ￿addr4 Ctru¢h. ¥bJirg r•wfu*J It ty) bu￿1r¢ itytr* tsJbJiry. Thethristthurthorwilund 1StoWpfty￿lhtt*p￿oI1I￿Cea 9.891 19.275 1,454 1.454 1.454 9,891 19275 1.4S4 2.9)8 OP8r8￿￿j *as8 C￿M￿￿er￿ in respeclolLqrrtl ard b￿ljIr￿S relates t* th818as8 of 13 88kn0rt Road aTrY 430 Cl*thdge La￿. T￿opera)rO kn5• olptsrt •TrJ m•d¥rtryrebt•s fv1••$0 LaThl ard bddlTrJs Planl8ThJ math￿ry 202$ 2024 2025 2024 0Pora￿￿j *se tharg¢sbr 49.056 33.900 1.454 1.454 25