Charlty reglstration number 1129662 (England and Wales)
CHRIST CHURCH CHORLEYWOOD
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

CHRIST CHURCH CHORLEYWOOD
LEGALAND ADMINISTRATIVE INFORMATION
Members
Revd David Hall (Vicar)
Revd Teren￿ Russoff (Associate Minister)
Sylvia Mann Associate Churchwarden)
Jenni Hudson
Mark Sullivan (Churchwarden)
Jonathan Lilley
Andrew Farr (Treasurer)
Rue Grewal
Valerie Sodeinde (Churchwarden)
Peter Ashton
Daniel Chapman
(Appointed 12 May 2024)
(Appointed 12 May 20241
(Appointed 12 May 2024)
Charity number
1129662
Audltor
Summers Morgan
Sheraton House, Lower Road
Chorleywood
Hertfordshire
WD3 5LH
Bankers
CAF Bank Ltd
Kings Hill
West Malling
Kent
ME19 4TA
Legal Advlsorn
Debenhams Ottaway
107 Sl Pelerfs
Sl Albans
Herts
AL13EW

CHRIST CHURCH CHORLEYWOOD
CONTENTS
Page
Members, report
Statement of rnembers, responsibilities
Independent auditorfs report
9-11
Statement of financial adlvities
12
Balance sheet
13
Stalement of cash flows
14
Notes to the financial slatemenls
15-26

CHRIST CHURCH CHORLEYWOOD
MEMBERS. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The members of the PCC of Christ Church Chorfeywood in the Diocese of Sl Albans present their report and the
financial statements for the year ended 31st December 2024. The financial statements have been prepared in
accordance with the accounting policies set out in note 1 to the financial statements and comply with the PCC'S
governing document, the Charities Act 2011 and "A¢¢ounting and Reporting by Charities.. Statement of
Recommended Practice applicable to Charities preparing their accounts in a¢cordance with the FinancBI Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019}"
Objectlves and activitle8
Objectives of the PCC are to cooperate with the minister in promoting in Ihe parish the whole miss ion of the Church,
pastoral, evangelistic, social, and ecumenical.
Our vision is to be a loving Church family which makes Christ known and is Committed to growing in discipleship.
We long to see lives and our local community transformed through the power of the Gospel messag8 and the work
of the Holy Spirit.
The PCC is committed to enabling as many people as possible to worship at our church or join the services online,
and to become part of our community.
Public Boneflt
When planning our activities for the year, the incumbent and the PCC have Considered the Commission's guidance
on public benefit and, in particular, Ihe specific guidance on charities for the advancement of religion. Activities
include..
Regular publ1¢ worship open to all
Pastoral work, including visiting the sick and the bereaved
Teaching Christianity through sermons, courses and small groups
Provision of children's and youth work with a Christian ethos
Support for the activities of Chrisl Church School
Promoting Ihe whole mission of the Church through activities for senior citizens, parents and toddlers and other
special needs groups
Supporting other charitable activities in the UK and overseas
Achlevements and performance
Electoral Roll.. at the 2024 annual meeting there were 354 on the Electoral Roll (332 at the 2023 annual meeting).
Sunday attendance.. On a typical Sunday in 2024, attendance was 280 adults, split be￿een three services {8.30am,
10.30am and 6.00pm}. There was an average of 25 younger children (under 10) and 15 (11-16) who attended
Sunday morning groups in The Junction. There are also weekday activities, with an average of 4&50 younger
children, and about 40 older children attending each week. 65 attended the REAL Summer event for 11-14 year
olds.
The Sunday figures are taken from later in the year, as this is less affected by special events and holidays.
For 2024, the numbers who attended the servi¢es in person have increased compared with 2023, $0 thal average
Sunday attendance is similar to that before the pandemic.
All three main services {8.30am, 10.30am and 6.OOpml are streamed live on-line, and it is noteworthy that the
number of views of each service is similar to the number who attend the seNices in person.
The Youth and Children's teams run sessions on Sunday mornings, as well as during the week, with over 60
children under 18 attending the combined meetings.
Small groups (Home Groups, Prayer meetings. Daytime Discovery, Christians in the Workplace, Pastoral support
groups), and the Young Adults group, have all continued and most of these met in person during 2024. Some
groups meet online, as this suits the members better, for example a home group for those with young children.

CHRIST CHURCH CHORLEYWOOD
MEMBERS, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Review of the year
The PCC met 10 times in 2024 with attendance averaging 900A, and all meetings were in person. Additionally,
committees (Groups) of the PCC with co-opted members met during the year, to consider specific responsibilities on
Finance, Mission, Facilities & Technology, and Personnel.. they met regularly and made recommendations to the full
PCC. The Standing Committee did nol need to meet during 2024. Onyx Adesakin, Jimmy Christian, Duncan Kerr
and Olu Olanrewaju stepped down from PCC in May 2024. Valerie Sodeinde, Peter Aston and Daniel Chapman
joined from the APCM in 2024.
At each meeting PCC considers reports from Ihe Groups. and votes on any actions that are recommended.
Sometimes additional work or discussion is needed, but normally the recommendations are accepted.
PCC now considers governance matters routinely al each meeting,. an update and regular review of Safeguarding
procedures to align with those required by the Church of England and a detailed implementation plan lo maintain
compliance with the GDPR procedures has been introduced. This included an extended use of Churchsuite.
Grants proposed by the Mission Action Group were approved from the allocation from general church donations.
This allocation was 180/0 in 2024. Grants are also made from a 200h allocation from legacy funds. The church
continues to be heavily dependent on its m8mbers' God-inspired gifting, availability, experience and commitment lin
time, talents and treasures) in fulfilllng its mission.
Plans for tho future
We have refreshed our vision with the eamest desire to seek God's help better to fulfil the Great Commission 'And
Jesus came and said to them, 'All authority in heaven and on earth has been given to me. Go therefore and make
dlsciples of all nations, baptizing them in the name of the Father and of the Son and of the Holy Spirit, teaching
them to obsep4e all that I have commanded you. And behold, l am with you always, to tha end of the
age., (Matthew 28 v18-20)
Our vision is to be a loving Church family, which makes Christ known. and is committed to growing in its discipleship
of Christ.
We long to see lives and our local community transformed through the power of the Gospel message and the work
of the Holy Spirit.
We seek to make this a reality through reflecting God's GRACE as Christ centred and shaped people who are..
ROWING ... in our relationship with Christ and committed to making the Gospel known.
BELEVANT . to people of all ages, backgrounds and faith journeys.
ACCOUNTABLE .. to God and to each other.
QOMMUNITY-MINDED ... in building a loving, welcoming, supportive and flourishing church family.
EMPOWERING ... in encouraging and nurturing all to use their God-given gifts to serve and grow God's kingdom.

CHRIST CHURCH CHORLEYWOOD
MEMBERS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Flnanclal review
For the firsl time on five years, Ihe church has seen an overall surplus in funds inwards of £28,933 in 2024
compared to a funds Ou￿ard of £14.009 in 2023. Overall income has increased from £745.025 in 2023 to
£838,260 in 2024 or +12.SO/o. Conversely overall expenditure has increased by £50,293 or +6.6Oh. General
unreslricted donations have remained broadly constant (-0.430A) but in response to an appeal to raise money for
new church chairs and to support the ongoing repairs to the church in the wake of the 2023 Quinquennial r@view. a
Buildings and maintenan￿ fund was set up and restricted giving to this fund was £49,253 in 2024.
Income from charitable activities- weddings, funerals, YPF events hire of room etc- increased in 2024 10 £75,929
and up from £62,580 in 20023 or +21.3 %. In addition income the renting out of three properties as wdl as interest
on invested funds increased from £72,968 in 2023 to £85,702 in 2024 or +17.450/9.
The church also received the first phase of a three year grant from the St Albans diocese of £20,000 in 2024 to
support the acquisition of two ministry trainees from a charity the church supports in Uganda.
Overall church expenditure induding mission grants has increased from £759,034 in 2023 to £809,327 in 2024 or +
8.60A. The church Parish Share increased in 2024 by £9,891, staff costs rose by £4,143 as did Ihe costs in running
church events by £8,300 bul supporting a helpful and larger increase in income. Expenditure on one of the church
houses of £8,790 also took place as part of improving the propety for let to tsvo church employees ljvo
volunteers. However, olher costs in relation to general church running expenses were carefully controlled and hence
general charilable activity expenditure only increas8d by £16,447 or + 2.50A.
The larger element of funds outsvards are represented by a general increase in grants payable to UK and overseas
mission partners and preferred mission organisalions. Grants increased £33,846 from £108,783 10 £142,629 or
+31 Ok. Of particular note is the increase in donalions to the Bethany Church in Moldova following a specific appeal
and which does much to support refugees from the Ukraine conflict. New grants were made lo the Ri¢kmansworth
Food Bank, Safe International and Holy Trinity Hinkley plus there has been a general uplift in grants to established
partners and charities.
Net assets sland at £2.772 million al 31st December 2024. mainly represented by houses purchased to support the
church's ministry and cash at bank. The portfolio is regularly reviewed against staffing and inveslrrent needs, and
three houses were rented for all of 2024. All staff salaiies exceed the National Living Wage.
Christ Church has adequate reserves to cover conlingencies and anticipated oufflows. and still cary a significanl
balance of funds forward, currently, the ¢hurch is holding funds in bank and building society accounts sufficient to
cover 3.3 months of average monthly 2024 expenditure. The Buildings and Maintenance Fund has been
specifically aligned with any general repairs that are needed to the church and to buildings owned by the church as
well as projects for growing our church family.
Funding
The church is funded mainly by the voluntary contributions of its members, enhanced by tax repayments where
appropriate, but also through rental of properties.
Charges made for special services li.e. weddings and funerals) are also a source of income. and Church has
also hired out The Junction as a venue for local organisalions, meetings, Children's Parties etc.
Proporty
59 Lower Road is held in Trust for the PCC by the Diocese of St Albans and included in the balance sheet, after
revaluation by a local estate agent. 4 Berry Way and 22 Furze View are owned by the PCC as Trustees; these were
fully revalued in 2022, so informal estimates of their values are included for 2024.

CHRIST CHURCH CHORLEYWOOD
MEMBERS, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Reserves Policy
The Christ Church PCC identifies designated resep4es to cover any anticipated income deficits and also for
maintenance work on the church and church properties. The PCC also gives 200A of legacies and from the Building
and Maintenance fund to Mission work. These reserves are reviewed annually and will be clearly specrfied both in
annual accounts and monthly management a¢¢ounts. 11 is intended that if reseNes are used as described above,
the level of the reserves should be restored from an appropriate fund. Generally this will be done within the same
financial year, although for some large ilems (e.g. church maintenance or repairs). this could be done over more
than one financial year. At the accounting datè, free rese￿eS were £229,8421£194,794 for 2023).
Risks Pollcy
The PCC annually reviews its risks that may be registered under five headings.. Regulatory (eg Safeguarding of
Children & Vulnerable Adults, Health & Safely, Data Proleclion and Employment Law),. Financial (eg fraud, loss of
data or expertise and viability)., Operational (eg food hygiene and maintenance)., Organisational leg management of
resources and processes)., and Insurable (eg property and accident). In terms of both likelihood and impaGI. the key
risks are Regulatory and Financial, and relevant policies are reviewed annually and a person or manaJement group
designated to give detailed oversight of each. Financial controls are specified to give accountability wilh diversity
and confidentiality, contingency plans are in place to ensure continuity of finance management, financial reports are
made to every PCC meeting, and budgets agreed before the start of each year. Safe prO￿dureS are established for
day to day activities, and risk assessments carried out for non-standard programmes e.g. youth weekends. Finance
Group of the PCC Consider all the financial risks and implications as part of its routine mèetings, and reports on
these to the PCC. The Charity Commission's Big Board Talk was most Tecently completed by Ihe PCC in December
2023.
Grant Making Pollcy
The PCC has a policy of 9iving a minimum of 180/0 of unrestricted gift income lo the General Mission Fund which
currently supports Mission work outside the Parish. The beneficiaries of this Fund are selected annually by the
Mission Action Group under the delegated authority of th8 PCC. In addition the PCC may give occasional small
grants for other purposes from unrestricted funds. and also dislribules restricted funds given by Ihe congregation for
specific missions and projects. Grants are made directly overseas only to organisations that have been vouched for
by a member ofthe Congregation and for which we ensure evidence of safe receipt.
Trustee Tralnlng Policy
Each PCC Member is provided on election with a welcome pack thal includes financial information and a copy of
the PCC handbook. This handbook is reviewed annually and provides a commentary on Ihe responsibilities of
council membership and trusleeship., it also includes a digest on how Christ Church is organised and governance
exercised plus reference to further information. An interactive session is held with each new member, separately or
as a group, to ensure that any quesliorss can be fully addressed.

CHRIST CHURCH CHORLEYWOOD
MEMBERS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Structure. governance and management
The Parochial Church Council is a Corporate body established by the Church of England. 11 operates under the
Parochial Church Council Powers Measure and is registered with the Charity Commission as a charity.
The method of appoinlment of PCC members is set out in the Church Representation Rules. All Church attendees
are encouraged to register on the Elecloral Roll and stand for election to the PCC.
Election of a PCC Member for a period of three years (or less if replacing someone who has retired early) takes
place at the Annual Parochial Church Meeting,. a total of four members of the PCC (in¢luding one of the
Churchwardens) are elected as represenlalives for Ihe Deanery Synod, and other members of the church who a
elected to Ihe Deanery Synod arè automatically on the PCC. The election of Churchwardens takes place annually at
the Annual Meeling of Parishioners.
The PCC meets regularfy throughout the year, 10 times during 2024.
Standing Comrniltee meets as required behveen scheduled PCC meelings, with delegated financial powers of up lo
£1,500. and shares with Churchwardens Ihe management oversight, accountabilily and coordination of execulive
groups Members.. Vicar, Churchwardens, Treasurer, Chairs ofAclion Groups. It did not need lo meet during 2024.
The general terms of the Action Groups are.. lo pray about the particular area of our church's lrfe,. to work under the
policy guidelines of the PCC., to recommend to the PCC new policy initiatives,. and to discover and use the gifts of
others. The specific lerms of the action groups are..
The Facilities Managemenl Group: To be responsible for the maintenancè and development of physical resources,
including church, land and buildings- furniture and equipment. Members.. Mark Sullivan (Chair), Geoff Roberts,
Jonathan Lilley, Warren Tranler, Sarah Wright. The group met ￿l¢e during 2024.
The Technology Action Group - reports through the FMG. It is responsible all aspe¢ls of technology used wilhin the
church. This includes the systems needed to support the work of the OtTice. Also the technology used in church
seNi¢es, and for the streaming of servi￿5 live, as w811 as recordings for subsequent viewing.
The Finance Group: To provide financial advice to the PCC and also be responsible in conjunction with the Vicar
and Churchwardens for the custody and management of the parish funds in a¢¢ordance with the procedures laid
down. Members.. Andy Farr (Chair and Treasurer) Onyx Ad8sakin" {Churchwarden), Valerie Sodeinde."
{Churchwardenl Mark Sullivan (Churchwarden), Geoff Roberts, Stephen Johnson, Gordon Cutting, Sarah Wright
(Finance Secretary). It met 8 times during 2024.
The Mission Action Group.. To maintain and develop contacl and support for those engaged in mission at home and
abroad, and to develop awareness of the mission al Christ Church, including making recommendations on the
missionary scholarship fund and general mission fvnd allocations. Members.. Duncan Kerr, Julie Dickins (Chair lo
November 2024), Neil Cooper (Chair from December 2024), Susan Cooper, Sylvia Mann and Jenni Hudson. The
Mission Action Group mel 12 times during 2024.
The Human Resources Care Group.. To assist the PCC in ils responsibilities as employers and carers for our
employed and voluntary staff, and lo assist in their recruiting, assessment and orFgoing support. Professional HR
advice is taken as needed. Members.. Sylvia Mann (Chair) David Hall Ivicarl, Mark Sullivan." (Churchwarden),
Duncan Kerr, Geoff Roberts. Polly Rathbone-ward provides professional HR advice. It met 12 times during 2024.
left during 2024.,
**.
joined during 2024.
Remuneratlon & Expenses of PCC Members
The stipend of the Mcar (David Hall) (Terence Russoff is non-stipendiary) is paid by the Diocese out of a fund raised
from parishes charged to the PCC as part of the Parish Share. The expenses excluding housing refvnded to the
clergy totalled £4.594 (£4,633 in 2023). The other key managers. the Churchwardens. are volunteers, and like other
PCC Members they received no remuneration or reimbursed expenses during the year, other than specific
nonpersonal expenses incurred.

CHRIST CHURCH CHORLEYWOOD
MEMBERS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The members who served during the year and up to the date of signature of the financial stalements were..
Revd David Hall Ivicar)
Revd Terence Russoff (Associate Minister)
OnyxAdesakin
Sylvia Mann Associate Churchwarden)
Jenni Hudson
Duncan Kerr (Diocesan Synod)
Olu Olanrewaju
Mark Sullivan {Churchwarden)
Jonathan Lilley
Andrew Farr (Treasurer)
Rue Grewal
Viral Christian
Valerie Sodeinde (Churchwarden)
Peter Ashton
Daniel Chapman
{R8signed 12 May 2024)
(Resigned 12 May 2024)
(Resigned 12 May 2024)
(Resigned 12 May 2024)
(Appointed 12 May 2024)
(Appointed 12 May 2024)
(Appointed 12 May 2024)
Contrlbutlon of volunteer8
The ¢urrenl work of Chrisl Church could nol be sustained wilhoul the Contribution made by many vobnteers in all
aspects of its ministry. Nearly 260 members of the congregation assist in various ways before, durirKJ and after
Sunday services and wilh children's and youth work on Sundays or during the week. or as school govamors. More
than 100 volunteers help lo keep the church running in numerous ways such as cleaning the linen or the brass,
arranging flowers, clock winding. banking the weekly collections, building maintenance and of course serving and
welcoming al the Junction. Others are involved in governancel management, largely through membership of the
PCC or its committees and at least 70 conlribule lo some aspecls of pastoral ministry such as leading home groups
or bereavement visiting. Unquantifiable numbers make a contribution in some form of other pastoral or community
work, while a non-slipendiary minister is a member of the Clergy team. A tolal of nearly 300 people are a¢lively
Involved, many having multiple roles. While it is impossible to give a precise number of hours these volunteers give
be￿een them, an eslimale is 2.800 hrs per month or ￿lce the hours of the slipendiary staff and include some
crucial expertise.
staff Employed at 318t December 2024
Children's Minister.. Tim Butterworth
Youth Minister.. Josh Sutton
Worship & Young Adults Minister: Tim Koh
Ministry Trainee.. Mallhew Gooseman (from October 2024)
Pasloral Ministert: Tracy Brown
Pastoral Assistant. Laura Joiner
Pastoral Assistant. Christine Brannan
Finance Secretary & Church Buildings Manager. Sarah Wright
Governance & Operations Manager" Nisha Manoharan (from August 2024}
Office Administrator. Bronwyn Rutter
Office Administrator. Cathy Lenton
Part time
None of the staff employed by the PCC have any dulles concerned with goveman¢e or the generation of funds. No
member of staff is paid in excess of £60,000.
The average nLimber of staff employed in 2024 was 11, 5 being full time and 6 part time. The full time equivalent
staff employed was 9.

CHRIST CHURCH CHORLEYWOOD
MEMBERS, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Designated Funds
Legacies Policy.. Legacies. nol otherwise reslricted, will be put into a designated legacy fund to be used for the
general purposes of the church. al the discretion of the PCC. The intention - where circumstances make it possible
and responsible - is to use legacy income for specific, identifiable projects reflecting the donor's wishes (if known).
but it could also be used to meet day to day operational costs, subjed to PCC guidelines. When such income is
re￿ived, 20 % will usually be allocated to support capital Christian mission projects outside the parish, unless the
donor has otherwise directed (i.e. one-off, often building. projects).
Charity Grants.. A summary of all grants and donations given in 2024 to other charities is presented in the financial
statements.
Auditors, Fees.. The amount paid for the preparation of accounts for 2023 was £5,000 induding VAT and for the
2024 audit including preparation of accounts is £7,500 including VAT.
Report on Fabrlc, Goods & Ornaments
Every five years we are obliged to carry out a complete inspection of the structural condition of the church. officially
known as the Quinquennial Inspection (Ql). The latest QI was in Odober of 2023, and resulted in an extremely
thorough and detailed report, which was considered and accepted by the PCC. The Junction was 12 years old al
that time, so we decided that it should be included in the QI. so as to identify any matters that myhl need attention
in the next five years. Very few Concerns were found with The Junction, but the same could not be said of the
church itself. 11 was built in 1870, and thus is over 150 years old., there are parts that are showing their age.
The QI identified over 50 items Ihat need attention, 8nd very helpfully suggested timeframes oveT which the work
should be done,. some needs altenlion within 6 months, other parts over 18 months, and some before the next
quinqu8nnial (2028).
Other than the main fabric, routine maintenance of Ihe church is done to keep everything in good condition. Some
of this can be done by volunteers, bul often specialist skills are needed from an approved lisl of contractors. Initial
urgent work was carried out in 2024 and cost £11,800 and a Buildings and Maintenance Fund was set up to allow
members to contribute directly to the important maintenance work scheduled to be undertaken from 2024 - 2029.
The members, report was approved by the Board of Members.
Revd David Hall (Vicar)
Vicar & Chaimian
Date..

CHRIST CHURCH CHORLEYWOOD
STATEMENT OF MEMBERS, RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
The members are responsible for preparing the Members, Report and the financial statements in accordance with
applicable law and United Kingdom Accounling Standards (United Kingdom Generally Accepted A¢￿UntIng
Practice).
The law applicable to charities in England and Wales requires the members to prepare financial statements for each
financial year which give a true and fair view of the slate of affairs of the PCC and of the incoming resources and
application of resources of the PCC for that year.
In preparing these financial statements, the members are required to..
select suitable accounting policies and then apply them consistently:
observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent.,
stsle whether applicable accounting standards have been followed. subject to any material departures disclosed
and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriale to presurTE that the charity
will continue in operation.
The members are responsible for keeping sufficient a¢counling records that disclose with reasonab￿ accuracy at
any time the financial position of the PCC and enable them to ensure that the financial statements comply with the
Charities Act 2011, the Charity (Ac¢ounls and Reports) Regulations 2008 and the Parochial Church Council Powers
Measure11956}. They are also responsible for safeguarding the assets of the PCC and hence for taking reasonable
steps for the prevenlion and detection of fraud and other irregularities.
The law applicable to ¢harities in England and Wales requires the members lo prepare financial statements for each
financial year which give a Inje and fair view of the state of affairs of th8 PCC and of Ihe incoming resources and
applicalion of resources of the PCC for that year.
In preparing Ihese financial statements, the members are required to..
select suitable accounling policies and then apply them consistently..
obseNe the methods and principles in the Charilies SORP,.
make judgements and estimates that are reasonable and prudenl.,
state whether applicable accounting standards have been followed, subject to any material departures disclosed
and explained in the financial slalements., and
prepare the financial statements on the going concern basis unless it is inappropriale to presume that the charity
will continue in operation.
The members are responsible for keeping sufficient accounting records that disclose with reasonab￿ accuracy at
any time the financial position of the PCC and enable them to ensure that Ihe financial statements ojmply with the
Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They
are also responsible for safeguarding the assets of the PCC and hence for taking reasonable sleps for Ihe
prevention and detection of fraud and other irregularities.

CHRIST CHURCH CHORLEYWOOD
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF CHRIST CHURCH CHORLEYWOOD
Oplnion
We have audited the financial slatemenls of Christ Church Chorleywood (the 'PCC') for the year ended 31
December 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows
and notes lo the financial stalements, including significant accounting policies. The financial reporting framework
that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including
Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
(United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial stalemenls..
give a true and fair view of the state of the charity's affairs as at 31 December 2024 and of its incoming
reSoUr￿S and application of resources, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi(%;
and
have been prepared in accordance with the CharitiesAct 2011,
Bas18 for opinlon
We conducted our audit in accordance with International Standards on Auditing {UK) IISAS (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditorfs Trsponsibilities for the audit ol
th8 financial statem8nts section of our report. We are independent of the PCC in accordance with the ethical
r8quirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion.
Conclusions ￿latIng to going ¢oncern
In auditing the financial slalemenls, we have concluded that the members, use of the going concern basis of
accounting in the preparation of the financial slalements is appropriate.
Based on the work we have performed, we have not identified any malerial uncertainties relating to events or
conditions Ihal, individually or ¢olleclively, may cast significant doubt on the PCC'S ability to continue as a going
concern for a period of at least ￿e1v8 monlhs from when the financial slalements are aulhorised for issue.
Our responsibilities and the responsibilities of the members with respect to going concern are described in the
relevant sections of this report.
Other Infomiatlon
The other information comprises the inforniation included in the annual report other than the financial statements
and our auditor's report thereon. The members are responsible for the other information contained within the annual
report. Our opinion on the financial statements does not cover the other information and we do not express any form
of assurance conclusion Ihereon. Our responsibility is to read the other information and, in doing so, consider
whether the other information is materially inconsistent with the financial statements or our knowledge obtained in
the course of the audit, or othe￿iSe appears to be malerially misslated. If we identify such material in¢onsistencies
or apparent material misstatements, we are required to determine whether this gives rise to a malerk81 misstatement
in the financial slalemenls themselves. If. based on the work we have pérformed. we conclude that there is
material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are requlred to report by exceptlon
We have nothing to report in respect of the following matters in relation to which Ihe Charities (Accounts and
Reports) Regulations 2008 requires us to report lo you if, in our opinion..
the information given in the financial slalements is inconsistent in any material respect with the members,
report., or
sufficient accounting records have nol been kept,. or
the financial statements are not in agreement with the accounting records., or
we have not received all the information and explanations we require for our audit.

CHRIST CHURCH CHORLEYWOOD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF CHRIST CHURCH CHORLEYWOOD
Rèsponsibilities of members
As explained more fully in the stalement of members. responsibilities, the members are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view, and for such
inlemal control as the members delermine is necessary lo enable the preparation of financial statements that are
free from material misstatement, whether due to fraud or error. In preparing the financial slatements. the members
are responsible for assessing the PCC'S ability to continue as a going concern, disclosing, as applicable, matters
related lo going concern and using the going concern basis of accounting unless the members either intend to
cease operations. or have no realislic alternative but lo do so.
Auditorfs responsibilltles for the audit of the financlal Statements
We have been appoinled as auditor under section 144 of the Charities Act 2011 and report in accordance with the
Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain r8asonable assurance about whether the financial statements as a whole are free from
material misstatement, whether dLte to fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance
with ISAS (UK) will always detect a material misslatement when it exists. Misstatements can arise from fraud or
error and are considered material rf. individually or in the aggregate, they could reasonably be expected lo influence
the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design prO￿dUreS in
line wilh our responsibilities, outlined above, lo delecl malerial misstalemenls in resped of irregularities, including
fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
Extent to which the audit was consldered capable of detecting Irregularltle8, includlng fraud
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including
fraud and non-compliance with laws and regulations, was as follows.
the engagement partner ensured that the engagement team ¢olleclively hdd the appropriate competen￿,
capabilities and skills to identify or recognis8 non-compliance with applicable laws and regulations; and
we identified the laws and regulalions applicable to the company through communications with trustees
and other management, and from our knowledge and experience of the sector., and
we focused on specific laws and regulations which we considered may have a direct material 8ffect on the
financial stalements or the operations of the company, including the Charities Act 2011. the Charity SORP,
and UK financial reporting standards as issued by the Financial Reporting Council., and
we assessed the extent of compliance with the laws and regulations identified above through making
enquiries of management.. and
identified laws and regulations were communicated within the audit team and the team remained alert to
instances of non-compliance throughout the audit.
We assessed the susceptibility of the charity's financial statements to material misstatement, including oblaining an
understanding of how fraud might occur, by..
making enquiries of management as to where they considered there was susceplibilily to fraud, their
knowledge of actual, suspected and alleged fraud., and
considering the internal Controls in place to mitigate risks of fraud and non-compliance with laws and
regulations.
To address the risk of fraud through management bias and override of controls, we..
performed analytical procedures to identify any unusual or unexpected relalionships., and
tested journal entries to identify unusual Iransaclions; and
investigated the rationale behind significant or unusual transadions.
10-

CHRIST CHURCH CHORLEYWOOD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF CHRIST CHURCH CHORLEYWOOD
In response to the risk of irregularities and non-compliance with laws and regulations. we designed procedures
which included, but were not limited to..
agreeing financial statement disclosures lo undertying supporting documentation.. and
enquiring of management as to actual and potential liligalion and claims., and
enquiring of management as to income due lo ensure income was reported in the correcl period.
Theie are inherent limitats'ons in our audit procedures described above. The more removèd that laws and
regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.
Auditing standards also limit the audit procedures required to identify rson-compliance with laws and regulations to
enquiry of the members and management and the inspection of re9ulalory and legal correspondence, if any.
As part of an audit in accordance wlth ISAS (UKI, we exercise professional ludgment and maintain professional
scepiicism throughout the audit. We also..
Identify and assess the risks of material misstatement of the financial statements. whether due to fraud or error,
design and perform audit procedures responsive lo those risks, and obtain 8udil evidence that is sufficiènt and
appropriate to provide a basis for our opinion. The risk of not delecling a material misstatement resulting from
fraud Is higher than for one Tesulting from error, as fraud may involve collusion, forgery, intentional omissions,
misrepresenlalions, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures Ihal are
appropriate in the circumstances, bul not for the purpose of expressing an opinion on the effectiveness of th8
charity's intemal control.
Evaluate the appropriateness of accounting pollcles used and Ihe reasonableness of accounting esllmates and
related disclosures made by the members.
Conclude on the approprfatenes$ of the members, use of the golng concem basis of acGounting and, based on
the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast
significant doubl on the charity's ability to continue as a golng concern. If we conclude that a material
uncertainty exists, we are required to draw attention in our auditor'5 report to the related disclosures In th8
financial statements or, if such disclosuTes are inadequate, to modify our opinion. Our conclusions are based
on the audit evidence obtained up to Ihe date of our auditor's report. However, future events or conditions may
cause the charity lo cease lo continue as a going concem.
Evaluate the overall presentation. structure and content of the financial slalemenls, Including the disclosures,
and whether the financial statements represenl the underlying transactions and events in a manner that
achieves fair presentation.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts
and Reports} Regulations 2008. Our audit work has been undertaken so that we might stale lo the charity's trustees
those matters we are required lo state lo them in an auditor's report and for no other purpose. To the fullest extent
permilled by law, we do not accept or assume responsibility to anyone other than the Charity and the chanly's
trustees as a body, for our audit work. for this report, or for the opinions we have formed.
Nlcholas Corden ACA (Senior Statutory Audllor)
for and on behalf of Summers Morgan
Chartered Accountants
statutory Auditor
iilk SLLWL IOL4
Sheraton House, Lower Road
Chorfeywood
Hertfordshire
WD3 5LH
Summers Morgan is eligible for appointment as audrtor of the PCC by virtue of ils eligibllity for appointment as
auditor of a company under section 1212 ofthe Companies Act 2006.

CHRIST CHURCH CHORLEYWOOD
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestrlcted Deslgnated Restrlcted Endowment
funds
funds
funds
funds
general
2024
Total
Total
2024
2024
2024
2024
2023
Notes
Donations and legacies
Income from charilable
adivilies
Investments
Other income
577,566
1,300
86,013
664,879
606,285
64,512
85,702
11,750
11,417
75,929
85,702
11,750
62,580
72,968
3,192
Total Income
739,530
1,300
97,430
838,260
745,025
Charitable activity
expenditure
633,454
129,046
46,827
809,327
759,034
Net Incomel
lexpenditure) before
transfern
106,076
(127,746)
50,603
28,933
(14,009>
Gross transfers be￿een
funds
1121,921)
119,672
2,249
Net {expendlture)Ilncome for
the yearl
Net movement In funds
(15,845)
{8,074)
52,852
28,933
(14,009)
Fund balances at 1
January 2024
94,259 2,368,900
6,671
274,057 2,743,887 2,757,896
Fund balances at 31
December 2024
78,414 2,360,826
59,523
274,057 2,772,820 2,743,887
The statement of financial activilies includes all gains and losses recognised in the year.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.
12-

CHRIST CHURCH CHORLEYWOOD
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Notes
Flxed assets
Tangible assels
Inveslment properties
12
13
23,071
2,525,000
17,922
2,525,000
2,548.071
2,542,922
Current assets
Slocks
Debtors
Cash at bank and in hand
14
15
320
24,778
229,842
320
30,470
185,941
254,940
216,731
Credltors: amounts falllng due withln
one year
16
(30,191)
(15.766)
Net current assets
224,749
200,965
Total assets less current Ilabllltles
2,772,820
2,743,887
Capitsl funds
Endowment funds
Income funds
Restricted funds
274,057
274,057
18
59,523
6,671
General designated funds
Revaluation reserve
1,297,807
1,063,019
1,305,881
1,063,019
Total designated funds
Unrestricted funds - general
2,360,826
78,414
2.368,900
94,259
2,772,820
2,743,887
The financial slatements were approved by the Members on
Re
avid Hall (Vicar)
Trustee
An
Trustee
Farr
asurer)
13-

CHRIST CHURCH CHORLEYWOOD
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Notes
Cash flows from operating activities
Cash absorbed by operations
22
(27,353)
(114,962)
Investlng actlvities
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed
assets
Investment Income received
(14,448)
(4,506)
4,600
72,968
85,702
Net cash generated from Investlng actlvltles
71,254
73,062
Flnanclng activlties
Repayment of bank loans
(83,693)
Not cash used in flnanclng activitle8
(83,693)
Net Increasel{decroase) In cash and ¢ash
equlvalents
43,901
(125,593)
Cash and cash equivalents at beginning of year
185.941
311,534
Cash and cash equlvalents at end of year
229,842
185,941
14-

CHRIST CHURCH CHORLEYWOOD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting pollcies
Charity informatlon
Christ Church Chorleywood is a Parochial Church Council (PCC) that was registered with the Charity
Commission on 15 May 2009. The address of the registered office Can be found on the legal and
administrative page.
1.1 Accounting conventlon
The financial statements have been prepared in accordance with the PCC'S governing document. the
Charities Act 2011 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities pr8paring their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods commencing
from 1 January 2019). The PCC is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to
the exlent required to provide a true and fair view. This departure has involved following the Statement of
Recommended Practice for charities applying FRS 102 rather than the version of the Statement of
Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling. which is the functional currency of the PCC. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, Imodified lo include the
revaluation of freehold properties and to include investment properties and certain financial instruments al fair
valuel. The principal accounting policies adopled are sel out below.
1.2 Going concern
At Ihe lime of approving the financial stalemenls, the members have a reasonable expectation Ihat the PCC
has adequate resources to continue in operational existence for the foreseeable future. Thus the members
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricled fvnds are available for use al the discretion of the members in furtheran￿ of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are sel out in the notes to the financial slatemenls.
Endowment funds are subject to specific conditions by donors thal the capital must be maintained by the
pcc.
1.4 Income
Income is recognised when Ihe PCC is legally entitled to it after any perf0rrnan￿ Conditions have been met,
the amounts can be measured reliably, and il is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the PCC has been notified of
the donation. unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donalion.
Legacies are recognised on receipt or olhetwise if the PCC has been notified of an impending distribution. the
amount is known, and receipt is expecled. If the amount is not known, the legacy is treated as a contingent
asset.
15-

CHRIST CHURCH CHORLEYWOOD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
1.5 Expendlture
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit lo a
Ihird party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is Classified by activity. The cosls of each activily are made up of the total of direct costs and
shared cosls, including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one aclivity and
support costs which are not attributable to a single activity are apportioned be￿een those activities on a basis
Consistent with the use of resources. C8nlral staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
Resources used are included on an accruals basis inclusive of VAT, which is not recoverable.
Grants and Donations for missionary and charitable giving are accounted for when paid over, or when
awarded, if that award creates a binding obligatiors on the PCC.
1.6 Tanglble flxed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
d8preciation and any impairment losses. Individual items costing more than £2,000 are capitalised.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Church equipment
over 6 years, straight line
Freehold land is not depreciated. Fre8hold buildings are not depreciated on the grounds Ihat th8r remaining
useful lives exceeds 50 years and therefore any depreciation charges would be immaterial.
The gain or loss arising on the disposal of an assel is determined as the difference be￿een the sale
proceeds and the carrying value of the asset, and is recognised in net incomellexpenditure) for the year.
Consecraled and beneficed property of any kind is excluded from the financial statements by s.10(2){a) and
{c) of the Charities Act 2011.
Movable ¢hur¢h furnishings and Èquipment acquired Sin￿ 1st January 2002 have been capilalised and
depreciated in the financial stalemenls over their currenlly expected useful economic life (Initially over 6
years} on a slraight-line basis.
All expenditure incurred in the year on consecraled or benefice buildings. individual items under £2,000 or on
the repair of movable church furnishings acquired before January 2002 is written off as incurred.
Land and buildings owned by the PCC are shown on a valuation basis and are revalued with suffi¢ienl
regularity to ensure that the carrying amount does not materially differ from the fair value al Ihe balance sheet
date.
1.7 Investment properties
Investment property, which is property held to earn rentals andlor for capital appreciation, is initially
recognised at cost, which includes Ihe purchase cost and any directly attributable expenditure. Subsequently
it is measured al fair value at the reporting end date. The surplus or deficit on revaluation is recognised in net
incomel(expenditure) for the year.
1.8 Stocks
Stock is shown at the lower of cost or net realisable value.
16-

CHRIST CHURCH CHORLEYWOOD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
1.9 Employee benerts
The church operates a stakeholder pension scheme for employees, to which Ihe employer also contributes.
An aulo-enrolment scheme started on 1st April 2017. The annual contributions paid are charged against
income.
Donatlons and legacles
Unrestrlctsd Unrestricted Restricted
funds
funds
funds
general Oeslgnated
2024
2024
Total
Total
2024
2024
2023
Taxed standing orders & other
donations
Collection envelopes & olher gift aid
Income lax recoverable on SO & gift
aid
Untaxed standing order l GAYE
Collections of loose cash & other
donations
Legacies
417,786
21,768
100
65,052
3,151
482,938
24,919
446.335
16,528
104,133
31,699
14,410
3,400
118,543
35,199
108,646
32,792
100
2,180
2,180
1,100
1,984
4,500
1,100
For the year ended 31 Decembor
2023
577,566
1,300
86,013
664,879
606,285
17-

CHRIST CHURCH CHORLEYWOOD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from charitable actlvities
2024
2023
Weddings
Funerals
YPF Events
Hire of rooms
Junction events
Toddlers
Bookstall
Other trading income
3,365
6,816
7,101
30,466
17,508
1,539
1,340
7.794
5,129
6,722
4,276
28.050
10.966
1,201
1.211
5,025
75,929
62,580
Analysis by fund
Unrestricted funds - general
Restflcted funds
64,512
11,417
57,284
5.296
75,929
62,580
Income from Investments
Unrestricted Re8trlcted
funds
fund8
2024
2024
Total Unrestricted Restrlcted
funds
funds
2023
2023
Total
2024
2023
Other income
Interest receivable
81,576
4,126
81.576
4,126
69.225
3.731
69,225
3,743
12
85,702
85,702
72,956
12
72,968
18-

CHRIST CHURCH CHORLEYWOOD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Other income
Unrnstricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Net gain on disposal of
tangible fixed assets
Olher income
800
600
2,592
11,750
11,750
2,592
11,750
11,750
2,592
2,592
Charltable activity expenditure
2024
2023
Staff costs
Depreciation and impairment
Parish share
Hous8 repairs & maintenance
House mortgage interest
Church running expenses
Church training and mission
Pastoral care
Resources for work with young people
Resources for work with children
Charitable activily costs (in relation lo note 3)
servI￿s costs
Office expenses
Equipment costs
Bank charges
Independent examinalionlaudit
243,456
9.299
224,126
21,495
239,313
7,554
214,235
12,705
1,678
70,905
7,145
3,359
2,430
3,533
19,863
47,280
8,165
6,583
443
5,060
87,332
6,233
2,587
3,950
3,736
28,163
35.035
6.620
5,418
224
9,024
666,698
650,251
Grant funding of activities (see note 7)
142,829
108,783
809,327
759,034
Analysis by fund
Unreslricted funds general
Unrestricted funds -
Restricted funds
633,454
129,046
46,827
623,867
101,788
33,379
809,327
759,034
Included in independent examinationlaudit is £3.000 for accounts preparation services (2023.. £3,000).
19-

CHRIST CHURCH CHORLEYWOOD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Grants payable
2024
2023
ACET
Age Concern Gerrards Cross
Belhany Church Moldova
Christian Solidarity Worldwide
Church Army
Church Misison Society
Church Pastoral Aid Society
Church Urban Fund
FEBA Radio
GEM UKAppells
Haggai Instilute
Health and Hope
Holy Trinity Hinckley
Jenga
Langham International
London School ofTheology
Malawi Mission
Mill End Community Twst
Mission Aviation Fellowship
OM Meads
Onelife
Open Doors
Partnership Trust - Ellard
Peace Hospice
Philo Trust
Prison Fellowship
Restore Hope Latimer
Royal 8rilish Legion
Safe International (Formerly Kenyan Childrens Project)
St Barnabus
Scripture Union
Shevel A¢him
Tearfund
TEFT (Kisima School)
Watford & Three Rivers Trust
Walford New Hope Trust
Wycliffe BT - Broomhall
Wycliffe BT - Wilson
3,000
200
18,208
3,000
3,000
2.000
2.000
3,000
3.500
14,761
2,500
4,500
2,500
9,114
3,000
2.000
3.000
7,845
3,000
3,000
2,000
2.000
3,000
1,500
9.700
2,500
3,000
9,225
3,000
2,000
300
1,700
4,500
5,340
2,000
3,500
300
1,500
5,140
2,000
1,000
300
300
3,300
1,000
1,500
4,800
5,250
3,500
303
7,353
3.000
250
2,000
7,423
4,000
3,000
3,000
3,300
6,550
5,150
2,000
4,500
4,500
3,000
4,500
1,250
8,050
142,629
108,783
All grants were paid to institutions.
20-

CHRIST CHURCH CHORLEYWOOD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Net movement in funds
2024
2023
The net movemenl in funds is stated after chargingl(crediting)-
Fees payable for the audit of the charity's financial statemenls
Depreciation of owned tangible fixed assets
Lossllprofill on disposal of tangible fixed assets
9,299
7,554
(600)
Members
None of the members (or any persons connected wilh them) received any remuneration or benefits frcffl the
PCC during the year.
10 Employees
The average monthly number of employees during the year was:
2024
Number
2023
Number
10
11
Employment costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
222.202
12,738
8,516
221,843
10.655
6,815
243,456
239,313
There were no employees whos8 annual remuneration was more Ihan £60,000.
11 Taxation
The charity is exempt from taxation on ils activities because all its income is applied for charitable purposes.
21

CHRIST CHURCH CHORLEYWOOD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
12 Tangible fixed assets
Church
equSpmont
Cost or valuation
At 1 January 2024
Additions
116.603
14,448
Al 31 December 2024
131,051
Depreclatlon and Impaimient
At 1 January 2024
Depreciation charged in the year
98,681
9,299
At 31 December 2024
107,980
Carying amount
At 31 December 2024
23,071
At 31 December 2023
17,922
13 Investment property
2024
Fair value
Al 1 January 2024 and 31 December 2024
2,525,000
Investment property comprises 3 houses in Chorleywood, 4 Berry Way, 22 Furze View, and Little Croft 59
Lower Road. The investment properties were last professionally revalued in April 2023 by John Roberts & Co,
Chartered Surveyors, who are not connected with the PCC. This year's valuation was made by the trustees
on an estimate of open market value.
The properties are owned..
2024
2023
Freehold
2,525,000
2,525,000
-22-

CHRIST CHURCH CHORLEYWOOD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
14 Stocks
2024
2023
Finished goods and goods for resale
320
320
15 Debtors
2024
2023
Amounts falling due wlthln one year:
Other debtors
24.778
14,470
2024
2023
Amounts falllng due after more than one y•ar:
Other debtors
16,000
Total debtorn
24,778
30,470
Included in total debtors is £20,000 loaned to a trust for the School House which is expected to be paid over 5
years.
16 Credltors: arnounts falllng due wlthln one year
2024
2023
Other creditors
ArLruals and deferred income
10,334
19.857
2,579
13,187
30,191
15,766
17 Retirement benefit scheme8
2024
2023
Doflned ¢ontrlbution schemes
Charge to profit or loss in respect of defined contribution schemes
8,516
6,815
The PCC operales a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those ofthe PCC in an independently administered fund.
-23-

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CHRIST CHURCH CHORLEYWOOD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
20 Analysis of net assets between funds
Unrestricted Deslgnated Restri¢ted Endowment
funds
funds
funds
funds
2024
2024
2024
2024
Total
Total
2024
2023
Fund balan￿S at
31 December
2024 are
represented by..
Tangible assets
Investment properties
Current asselsl{liabilities)
23.071
2,250,943
86.813
23,071
17,922
274,057 2,525,000 2.525.000
224,749
200,965
78,413
59,523
78,413 2,360,827
59,523
274,057 2,772,820 2,743,887
21 Related party tran8actlon8
During 2024 the church re￿iVed £50,027 (2023 £71,084) in donations from its PCC members. Of these
donations £709 (2023 £1,105) were to restricted funds. The donors did not attach any conditions to the gifts
which required the church lo significantly aller the nature of its existing activities.
22 Cash ab80rbod by operation8
2024
2023
Surplusl(deficit) for the year
28,933
{14,009)
Adjustments for:
Investment income recognised in slatemenl of financial activities
Gain on disposal of tangible fixed assets
Depreciation and impairment of tangible fixed assets
(85,702)
172,968>
(600>
7,554
9,299
Movements in working capilal:
Decreasel(increase) in debtors
Increasel(decrease) in creditors
5,692
14,425
(15,734)
(19,205)
Cash absorbed by operatlons
(27,353)
(114,962)
23 Analysls of changes In net funds
The PCC had no malerial debt during the year.
-26-