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2025-12-31-accounts

Charity registration number 1129662 (England and Wales)

CHRIST CHURCH CHORLEYWOOD

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

CHRIST CHURCH CHORLEYWOOD

LEGAL AND ADMINISTRATIVE INFORMATION

Members Revd David Hall (Vicar)
Revd Terence Russoff (Associate Minister)
Peter Ashton
Daniel Chapman
Andrew Farr (Treasurer)
Rue Grewal
Jenni Hudson
Jonathan Lilley
Sylvia Mann (Associate Churchwarden)
Valerie Sodeinde (Churchwarden)
Mark Sullivan (Churchwarden)
Charity number 1129662
Independent examiner Nunn Hayward LLP
First Floor, Sheraton House
Lower Road
Chorleywood
Hertfordshire
United Kingdom
WD3 5LH
Bankers CAF Bank Ltd
Kings Hill
West Malling
Kent
ME19 4TA
Legal Advisors Debenhams Ottaway
107 St Peter's
St Albans
Herts
AL1 3EW

CHRIST CHURCH CHORLEYWOOD

CONTENTS

Page
Members' report 1 - 7
Independent examiner's report 8
Statement of financial activities 9
Balance sheet 10
Statement of cash flows 11
Notes to the financial statements 12 - 23

CHRIST CHURCH CHORLEYWOOD

MEMBERS' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

The members of the PCC of Christ Church Chorleywood in the Diocese of St Albans present their report and the financial statements for the year ended 31st December 2025. 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 "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

Objectives of the PCC are to cooperate with the minister in promoting in the parish the whole mission 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 message 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 Benefit

When planning our activities for the year, the incumbent and the PCC have considered the Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. Activities include:

Achievements and performance

Electoral Roll: at the 2025 annual meeting there were 244 on the Electoral Roll (354 at the 2024 annual meeting). The electoral roll was revised completely in March-April 2025, as required.

Sunday attendance: On a typical Sunday in 2025, attendance was 280 adults, split between three daytime services (80-100 in attendance) (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 30 younger children, and about 25 older children attending each week. Over 80 attended the REAL Summer event for 11-14 year olds and 40 attended the Men’s Min Y Don weekend event plus an average of 60 for the regular Men’s Breakfasts and 60-80 for Women’s breakfasts.

The Sunday figures are taken from later in the year, as this is less affected by special events and holidays.

For 2025, the numbers who attended the services in person have increased compared with 2024.

All three main services (8.30am, 10.30am and 6.00pm) 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 services in person.

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 2025. 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 2025

Review of the year

The PCC met 9 times in 2025 with attendance averaging 90%, 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 Human Resources; they met regularly and made recommendations to the full PCC. The Standing Committee did not need to meet during 2025. There no changes to the composition of the PCC but Jonathan Lilley agreed to stand again at the 2025 APCM.

At each meeting PCC considers reports from the 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 at 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 to 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 18% in 2025. Grants are also made from a 20% allocation from legacy funds and 20% from specific donation to the Church Buildings and Maintenance fund. The church continues to be heavily dependent on its members’ God-inspired gifting, availability, experience and commitment (in time, talents and treasures) in fulfilling its mission.

Plans for the future

We have refreshed our vision with the earnest 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 disciples of all nations, baptizing them in the name of the Father and of the Son and of the Holy Spirit, teaching them to observe all that I have commanded you. And behold, I am with you always, to the 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:

G ROWING … in our relationship with Christ and committed to making the Gospel known. R ELEVANT … to people of all ages, backgrounds and faith journeys. A CCOUNTABLE … to God and to each other.

C OMMUNITY-MINDED … in building a loving, welcoming, supportive and flourishing church family. E MPOWERING … 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 2025

Financial review

The church has maintained an overall surplus in funds inwards of £11,761 in 2025 albeit lower than the £28,933 for 2024. Overall income has decreased marginally from £838,260 in 2024 to £834,018 in 2025 or -0.50%. Overall expenditure has increased by £12,930 or +1.6%. General and regular unrestricted donations inclusive of gift aid have decreased by 1.8% but this has been more than offset by an increase in one off gifts by way of donations and online giving or the collection and by £22,233 or 24%.

Income from charitable activities – weddings, funerals, YPF events hire of room etc – has remained broadly constant (+0.1%). As a result of rent increases and interest received, overall investment income has increased by £6,990 or +8.2%.

The church also received the second phase of a three year grant from the St Albans diocese of £15,000 in 2025 to support the acquisition of two ministry trainees and whilst this was initially intended to secure two individuals from Uganda, the time consuming bureaucratic complexities of this approach have ensured that the grant has been adapted to secure trainees from any background which furthers the church's goal of diversity and inclusion.

Overall church expenditure including mission grants has increased from £809,327 in 2024 to £822,257 in 2025 or + 1.6% and is a creditable result considering the wider inflationary pressures. The church Parish Share increased in 2025 by £3,006, staff costs reduced slightly by £4,521 inclusive of pay rises and is as a result of a greater focus on more staff working part time and fewer full time staff.

The change in costs in 2025 has arisen partly from the need to fulfil 2023 quinquennial requirements but also the fact that the Junction building is now 16 years old and requires more maintenance and replacement of much used equipment. The support provided by the congregation through donations to the Building and Maintenance fund has been instrumental in allowing the following key projects to be accomplished in 2025:- completion of church chairs replacement, upgrade to the building security, replacement of one of two boilers and the kitchen cookers as well repairs to church walls and the vestry roof. Overall church running expenses and equipment costs have therefore increased from £72,749 in 2024 to £113,197 in 2025 or £40,448 and whilst this increase is on a one off basis, it is expected that similar sums will need to be spent in future years.

Overall grants to UK and overseas mission reduced from £142,629 in 2024 to £115,487 but this is because of the large and temporary increase given to a particular project in Moldova to support the Bethany church there in its work with refugees from the Ukraine war.

Net assets stand at £2.785 million at 31st December 2025, mainly represented by houses purchased to support the church’s ministry and cash at bank. The portfolio is regularly reviewed against staffing and investment needs, and three houses were rented for all of 2025. All staff salaries exceed the National Living Wage.

Christ Church has adequate reserves to cover contingencies and anticipated outflows, and still carry a significant balance of funds forward; currently, the church is holding funds in bank and building society accounts sufficient to cover 3.9 months of average monthly 2025 unrestricted expenditure and 3.2 months of average monthly total 2025 expenditure.

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 (i.e. weddings and funerals) are also a source of income, and the Church has also hired out The Junction as a venue for local organisations, meetings, Children’s Parties etc.

Property

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 2025.

CHRIST CHURCH CHORLEYWOOD

MEMBERS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Reserves Policy

The Christ Church PCC identifies designated reserves to cover any anticipated income deficits and also for maintenance work on the church and church properties. These reserves are reviewed annually and will be clearly specified both in annual accounts and monthly management accounts. It is intended that if reserves 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 items (e.g. church maintenance or repairs), this could be done over more than one financial year. At the accounting date, free reserves were £69,596 (£78,414 for 2024).

Risks Policy

The PCC annually reviews its risks that may be registered under five headings: Regulatory (eg Safeguarding of Children & Vulnerable Adults, Health & Safety, Data Protection and Employment Law); Financial (eg fraud, loss of data or expertise and viability); Operational (eg food hygiene and maintenance); Organisational (eg management of resources and processes); and Insurable (eg property and accident). In terms of both likelihood and impact, the key risks are Regulatory and Financial, and relevant policies are reviewed annually and a person or management group designated to give detailed oversight of each.

Financial controls are specified to give accountability with 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 procedures 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 meetings, and reports on these to the PCC. The Charity Commission's Big Board Talk was most recently completed by the PCC in April 2025.

Grant Making Policy

The PCC has a policy of giving a minimum of 18% of unrestricted gift income to the General Mission Fund which currently supports Mission work outside the Parish. 20% of legacies and donations to the Building and Maintenance fund also go the the General Mission Fund. The beneficiaries of this Fund are selected annually by the Mission Action Group under the delegated authority of the PCC. In addition the PCC may give occasional small grants for other purposes from unrestricted funds, and also distributes restricted funds given by the congregation for specific missions and projects. Grants are made directly overseas only to organisations that have been vouched for by a member of the congregation and for which the PCC ensures evidence of safe receipt.

Trustee Training Policy

Each PCC Member is provided on election with a welcome pack that includes financial information and a copy of the PCC handbook. This handbook is reviewed annually and provides a commentary on the responsibilities of council membership and trusteeship; 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 questions can be fully addressed.

CHRIST CHURCH CHORLEYWOOD

MEMBERS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Structure, governance and management

The Parochial Church Council is a corporate body established by the Church of England. It operates under the Parochial Church Council Powers Measure and is registered with the Charity Commission as a charity.

The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral 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 (including one of the Churchwardens) are elected as representatives for the Deanery Synod, and other members of the church who are elected to the Deanery Synod are automatically on the PCC. The election of Churchwardens takes place annually at the Annual Meeting of Parishioners.

The PCC meets regularly throughout the year, 9 times during 2025.

Standing Committee meets as required between scheduled PCC meetings, with delegated financial powers of up to £1,500, and shares with Churchwardens the management oversight, accountability and coordination of executive groups. Members: Vicar, Churchwardens, Treasurer, Chairs of Action Groups. It did not need to meet during 2025.

The general terms of the Action Groups are: to pray about the particular area of our church’s life; 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 terms of the action groups are:

The Facilities Management Group: To be responsible for the maintenance and development of physical resources, including church, land and buildings; furniture and equipment. Members: Mark Sullivan (Chair), Geoff Roberts, Jonathan Lilley, Warren Tranter, Sarah Wright, Peter Aston and Daniel Chapman. The group met four times during 2025.

The Technology Action Group: reports through the FMG. It is responsible all aspects of technology used within the church. This includes the systems needed to support the work of the Office. Also the technology used in church services, and for the streaming of services live, as well 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 accordance with the procedures laid down. Members: Andy Farr (Chair and Treasurer), Valerie Sodeinde** (Churchwarden) Mark Sullivan (Churchwarden), Geoff Roberts, Stephen Johnson (left in July 2025) Rue Grewal (joined in May 2025, Gordon Cutting, Nira Muttucumaru & Sarah Wright (incoming and outgoing Finance Secretary). It met 8 times during 2025.

The Mission Action Group: To maintain and develop contact and support for those engaged in mission at home and abroad, and to develop awareness of the mission at Christ Church, including making recommendations on the missionary scholarship fund and general mission fund allocations. Members: Neil Cooper (Chair), Susan Cooper, Sylvia Mann, Jenni Hudson and Jamie Cutting (September 2025). The Mission Action Group met 11 times during 2025.

The Human Resources Care Group: To assist the PCC in its responsibilities as employers and carers for our employed and voluntary staff, and to assist in their recruiting, assessment and on-going support. Professional HR advice is taken as needed. Members: Sylvia Mann (Chair) David Hall (Vicar), Mark Sullivan** (Churchwarden), Duncan Kerr, Geoff Roberts and Valerie Sodeinde. Polly Rathbone-Ward provides professional HR advice. It met 12 times during 2025.

Remuneration & Expenses of PCC Members

The stipend of the vicar (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 refunded to the clergy totaled £5,816 (£4,593 in 2024). 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 2025

The members who served during the year and up to the date of signature of the financial statements were:

Revd David Hall (Vicar) Revd Terence Russoff (Associate Minister) Peter Ashton Daniel Chapman Andrew Farr (Treasurer) Rue Grewal Jenni Hudson Jonathan Lilley Sylvia Mann (Associate Churchwarden) Valerie Sodeinde (Churchwarden) Mark Sullivan (Churchwarden)

Contribution of volunteers

The current work of Christ Church could not be sustained without the contribution made by many volunteers in all aspects of its ministry. Nearly 150 members of the congregation assist in various ways before, during and after Sunday services and with children’s and youth work on Sundays or during the week, or as school governors. More than 100 volunteers help to 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 at the Junction. Others are involved in governance/ management, largely through membership of the PCC or its committees and at least 70 contribute to some aspects 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-stipendiary minister is a member of the clergy team. A total of nearly 300 people are actively involved, many having multiple roles. While it is impossible to give a precise number of hours these volunteers give between them, an estimate is 2,800 hours per month or twice the hours of the stipendiary staff and include some crucial expertise.

Staff Employed at 31st December 2025

Youth Pastor: Josh Sutton Young Adults Pastor: Joe Dale Assistant Children’s and Youth Pastor: Matthew Gooseman Ministry Trainee: Thomas Powell Pastoral Minister: Tracy Brown Assistant Pastoral Minister: Laura Joiner Assistant Pastoral Minister: Christine Brannan Church Buildings Manager: Sarah Wright Finance Secretary : Nira Muttucumaru Children’s Pastor : Brianna Holbrook Assistant Children’s/Worship Pastor : Evangeline Wakefield Office Administrator: Bronwyn Rutter Office Administrator*: Cathy Lenton * Part time

None of the staff employed by the PCC have any duties concerned with governance or the generation of funds. No member of staff is paid in excess of £60,000. The average number of staff employed in 2025 was 13, 4 being full time and 9 part time. The full time equivalent staff employed was 9 full time staff.

CHRIST CHURCH CHORLEYWOOD MEMBERS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Desi9nated Funds L8gacies Policy.. Legacies. not otherwse reslricted, will be put into a designated legacy fvJnd to be used for the general purposes of the church. at the discretion of the PCC. The intention- where circumstances make il possible and responsible - is to Use legacy incorne for speufic, idèntifiable projects reftecting the donor's wishes lif known). bul it could also be used to meet day to day operational costs. subject to PCC guidelines. When such income is received, 20Yo will usually be allocated to SUPPOrt capital Christian mission Pr0￿cts outside the parish, unless the donor has otherwise directed lie one-off. often building. projects}. Charity GTrnts.' A summary of all granls and donalions given in 2025 lo other ¢harib"es is presented in tl¥e financlal statements. Independent Examine￿, Fees.. The amount paid for the preparation of accounts and audit for 2024 was £7,500 including VAT and for the 2023 Independent Examination induding preparation of ar£ounts was £5.0(X) including VAT. Rèport on Fabrle. Goods & Ornamènts Every five years we are obliged to carry oul a wrnplete inspection of the structural condition of the church, officially known as the Quinquennial InspectM)n lQl}. The lalest QI was in October of 2023, and rèsulted In an extremely thorough and detailed report. which was considered and acc£pted by the PCC. The Junction was 12 yeats old at that time. so we decided that it shiwld be induded in Ihe QI. so as to idenbfy any matters that rllrJht need attention in the next five years. Very few concems were found with The Junclion. but the same ￿￿Id not be said of the church ilsell. It was built in 1870, and thus is over 150 years dd". there are parts that are showing their age. The ai identified over 50 items that need attentitsn, and very helpfully suggested timeframes over which the work should be done.. some needs altenbon within 6 months. other parts over 18 rnonths. and some before the next quinquennial120281. Other than the main fabric, rouiine Maintenance ol the church is done lo keep everything in good condition. Some of this can be done by volunteers, but often specialist skills are needed from an approved list of contractors. Initial urgent work was carried oijt in 2024 and cosl £11,800 and a Buildings and maintenan￿ Fund was set up to allow rnembers to contribute direGUy io the important rnaintenance work stheduled io be undertaken from 2024 - 2029. Work undertaken in 2025 cosl £26.636_ The membeTS' report was approved by the Board of Members. Revd D Hall (Vicar) Vicar & Chairman Date..

CHRIST CHURCH CHORLEYWOOD

INDEPENDENT EXAMINER'S REPORT

TO THE MEMBERS OF CHRIST CHURCH CHORLEYWOOD

I report to the members on my examination of the financial statements of Christ Church Chorleywood (the PCC) for the year ended 31 December 2025.

Responsibilities and basis of report

As the members of the PCC you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

I report in respect of my examination of the PCC’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the PCC’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Nicholas Corden, ACA

Nunn Hayward LLP

First Floor, Sheraton House Lower Road Chorleywood Hertfordshire WD3 5LH United Kingdom

Dated: 01 May 2026

CHRIST CHURCH CHORLEYWOOD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025

Unrestricted
Designated
Restricted Endowment
funds
funds
funds
funds
general
2025
2025
2025
2025
Notes
£
£
£
£
Income and endowments from:
Donations and legacies
2
589,953
800
51,300
-
Income from charitable
activities
3
70,122
-
5,901
-
Investments
4
92,478
-
214
-
Other income
5
-
-
23,250
-
Total income
752,553
800
80,665
-
Expenditure on:
Charitable activity
expenditure
6
650,905
121,359
49,993
-
Net income before
transfers
101,648
(120,559)
30,672
-
Gross transfers between
funds
(110,466)
153,887
(43,421)
-
Net (expenditure)/income for
the year/
Net movement in funds
(8,818)
33,328
(12,749)
-
Fund balances at 1
January 2025
78,414
2,360,826
59,523
274,057
Fund balances at 31
December 2025
69,596
2,394,154
46,774
274,057		 Total
2025
£
642,053
76,023
92,692
23,250
834,018
822,257
11,761
-
11,761
2,772,820
2,784,581		 Total
2024
£
664,879
75,929
85,702
11,750
838,260
809,327
28,933
-
28,933
2,743,887
2,772,820

The statement of financial activities 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.

CHRIST CHURCH CHORLEYWOOD BALANCE SHEET AS A T 31 DECEMBER 2025 2025 2024 Notes Fixed assets Tangible assets Investment properties 12 13 43.843 2.525.000 23.071 2.525,000 2,568,843 2.548.071 Current assets Stocks Oebtors Cash at bank and in hand 14 15 320 27.467 213.661 320 24,778 229.842 241.448 254.940 Credltors: amounts falling due ￿thin on8 year 16 {25.7101 130,1911 Net current assets 215.738 224,749 Total assets less current liabilities 2.784,581 2.772.820 Capilal funds Endowment funds Income funds Reslricted funds Oesi nated General designated funds Revaluation reserve 274.057 274,057 18 46,774 59.523 1.331.135 1,063,019 1.297.807 1.063.019 Total designated funds Unreslricled funds general 2.394,154 69.596 2,360.826 78.414 2.784.581 2,772.820 The financial statements were approved by the Member5 on ... 201 Revd D Trustee Hall Ivicarl surer) 10-

CHRIST CHURCH CHORLEYWOOD

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 DECEMBER 2025

Notes
Cash flows from operating activities
Cash absorbed by operations
22
Investing activities
Purchase of tangible fixed assets
Investment income received
Net cash generated from investing activities
Net cash generated from financing activities
Net (decrease)/increase in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2025
£
(36,086)
92,692		 £
(72,787)
56,606
-
(16,181)
229,842
213,661		 2024
£
(14,448)
85,702		 £
(27,353)
71,254
-
43,901
185,941
229,842

CHRIST CHURCH CHORLEYWOOD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

Charity information

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 convention

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 preparing 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 extent 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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the members have a reasonable expectation that 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

Unrestricted funds are available for use at the discretion of the members in furtherance 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 set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the PCC.

1.4 Income

Income is recognised when the PCC is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it 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 donation.

Legacies are recognised on receipt or otherwise if the PCC has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

CHRIST CHURCH CHORLEYWOOD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third 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 costs of each activity are made up of the total of direct costs and shared costs, 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 activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central 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 obligation on the PCC.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation 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. Freehold buildings are not depreciated on the grounds that their remaining useful lives exceeds 50 years and therefore any depreciation charges would be immaterial.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

Consecrated 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 church furnishings and equipment acquired since 1st January 2002 have been capitalised and depreciated in the financial statements over their currently expected useful economic life (initially over 6 years) on a straight-line basis.

All expenditure incurred in the year on consecrated 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 sufficient regularity to ensure that the carrying amount does not materially differ from the fair value at the balance sheet date.

1.7 Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in net income/(expenditure) for the year.

1.8 Stocks

Stock is shown at the lower of cost or net realisable value.

CHRIST CHURCH CHORLEYWOOD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

1.9 Employee benefits

The church operates a stakeholder pension scheme for employees, to which the employer also contributes. An auto-enrolment scheme started on 1st April 2017. The annual contributions paid are charged against income.

2 Donations and legacies

Unrestricted Unrestricted
Restricted
funds
funds
funds
general
Designated
2025
2025
2025
£
£
£
Taxed standing orders & other
donations
425,225
-
34,674
Collection envelopes & other gift aid
24,534
-
2,934
Income tax recoverable on SO & gift
aid
106,586
7,692
Untaxed standing order / GAYE
32,406
-
6,000
Collections of loose cash & other
donations
1,202
-
-
Legacies
-
800
-
589,953
800
51,300		 Total
2025
£
459,899
27,468
114,278
38,406
1,202
800
642,053		 Total
2024
£
482,938
24,919
119,643
35,199
2,180
1,100
664,879

CHRIST CHURCH CHORLEYWOOD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

3 Income from charitable activities

Weddings
Funerals
YPF Events
Hire of rooms
Junction events
Toddlers
Bookstall
Other trading income
Analysis by fund
Unrestricted funds - general
Restricted funds		 2025
£
1,998
7,454
8,383
31,848
14,467
1,387
461
10,025
76,023
70,122
5,901
76,023		 2024
£
3,365
6,816
7,101
30,466
17,508
1,539
1,340
7,794
75,929
64,512
11,417
75,929

4 Income from investments

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Rental income
86,200
-
Interest receivable
6,278
214
92,478
214		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
86,200
81,576
-
6,492
4,126
-
92,692
85,702
-		 Total
2024
£
81,576
4,126
85,702

5 Other income

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Grants recieved - 23,250 23,250 11,750 - 11,750

CHRIST CHURCH CHORLEYWOOD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

6 Expenditure on charitable activities

Direct costs
Staff costs
Depreciation and impairment
Parish share
House repairs & maintenance
Church running expenses
Church training and mission
Pastoral care
Resources for work with young people
Resources for work with children
Church events costs (in relation to note 3)
Service costs
Office expenses
Equipment costs
Bank charges
Independent examination/ audit
Grant funding of activities (see note 7)
Analysis by fund
Unrestricted funds - general
Unrestricted funds - Designated
Restricted funds		 2025
£
238,935
15,314
227,132
13,331
102,948
7,346
2,685
6,045
5,958
27,939
35,441
8,389
10,249
498
4,560
706,770
115,487
822,257
650,905
121,359
49,993
822,257		 2024
£
243,456
9,299
224,126
21,495
67,332
6,233
2,587
3,950
3,736
28,163
35,035
6,620
5,418
224
9,024
666,698
142,629
809,327
633,454
129,046
46,827
809,327

Included in independent examination/audit is £3,000 for accounts preparation services (2024: £3,000).

CHRIST CHURCH CHORLEYWOOD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

7 Grants payable

ACET
Age Concern Gerrards Cross
Bethany Church Moldova
Christian Solidarity Worldwide
Church Army
Church Misison Society
Church Pastoral Aid Society
Church Urban Fund
FEBA Radio
GEM UK Appells
Haggai Institute
Health and Hope
Holy Trinity Hinckley
Jenga
Langham International
London School of Theology
Mill End Community Trust
Missions Scholarship Fund Award
Mission Aviation Fellowship
OM Meads
One Life
Open Doors
Partnership Trust
Philo Trust
Prison Fellowship
Restore Hope Latimer
Royal British Legion
Safe International (Formerly Kenyan Childrens Project)
Scripture Union
St Francis Berkhamsted
Tearfund
The Education Frontier Trust (TEFT)
Watford & Three Rivers Trust
Watford New Hope Trust
Wycliffe BT - Broomhall
Wycliffe BT - Wilson
All grants were paid to institutions.
8
Net movement in funds
Depreciation of owned tangible fixed assets		 2025
£
3,000
-
5,000
3,000
9,000
2,000
2,000
3,000
2,750
16,050
2,500
3,000
-
2,377
3,000
2,000
-
4,700
7,357
5,040
2,000
2,000
60
3,300
3,000
2,250
208
3,000
2,000
257
4,938
3,000
-
3,000
1,400
9,300
115,487
2025
£
15,314		 2024
£
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
1,700
-
4,500
5,340
2,000
3,500
300
4,800
5,250
3,500
303
7,353
2,000
-
4,500
4,500
3,000
4,500
1,250
8,050
142,629
2024
£
9,299

CHRIST CHURCH CHORLEYWOOD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

9 Members

None of the members (or any persons connected with them) received any remuneration or benefits from the PCC during the year.

10 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
Number
13
2025
£
220,336
10,265
8,334
238,935		 2024
Number
10
2024
£
222,202
12,738
8,516
243,456

There were no employees whose annual remuneration was more than £60,000.

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

CHRIST CHURCH CHORLEYWOOD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

12 Tangible fixed assets

Cost or valuation
At 1 January 2025
Additions
At 31 December 2025
Depreciation and impairment
At 1 January 2025
Depreciation charged in the year
At 31 December 2025
Carrying amount
At 31 December 2025
At 31 December 2024		 Church
equipment
£
131,051
36,086
167,137
107,980
15,314
123,294
43,843
23,071

13 Investment property

Investment property
2025
£
Fair value
At 1 January 2025 and 31 December 2025 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:

2025 2024
£ £
Freehold 2,525,000 2,525,000

CHRIST CHURCH CHORLEYWOOD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

14
Stocks
Finished goods and goods for resale
15
Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
16
Creditors: amounts falling due within one year
Other creditors
Accruals and deferred income
17
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2025
£
320
2025
£
20,604
6,863
27,467
2025
£
1,900
23,810
25,710
2025
£
8,334		 2024
£
320
2024
£
24,778
-
24,778
2024
£
10,334
19,857
30,191
2024
£
8,516

The PCC operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the PCC in an independently administered fund.

Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. Movement in funds (2024)
Movement in funds (2025)		 Balance at
Incoming
Resources
Transfers
Balance at
Incoming
Resources
Transfers
Balance at		 1 January 2024
resources
expended
1 January 2025
resources
expended
31 December		 2025 £
£
£
£
£
£
£
£
£		 Mission and charitable grants
886
8,464
(7,995)
-
1,355
4,136
(3,330)
-
2,161		 Lazarus
1,548
19,254
(19,586)
-
1,216
10,202
(10,357)
-
1,061		 Clergy gift fund
132
2,301
(1,700)
-
733
2,553
-
(2,455)
831		 Other Restricted funds: Lunch
1,350
3,433
(3,000)
-
1,783
3,360
(3,358)
(1,000)
785		 Technology fund
435
-
-
-
435
-
(435)
-
-		 Others
2,320
6,596
(1,303)
969
8,582
24,752
(4,928)
6,505
34,911		 Building Maintenance
-
49,256
(13,174)
1,280
37,362
35,663
(26,636)
(46,197)
192		 Youth and Children
-
8,126
(69)
-
8,057
-
(949)
(275)
6,834		 6,671
97,430
(46,827)
2,249
59,523
80,665
(49,993)
(43,422)
46,774		 Mission & Charitable Grants: money given to support nominated organisations or individuals. Lazarus:funds for specific, one-off projects. Clergy Gift Fund:used specifically to support the wider ministries of the clergy of the church. Other includes funds for Ministry interns and other (non recurring):smaller sums given for specific ministry or purposes of the church.
18

Designated funds The unrestricted funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes: Movement in funds (2024)
Movement in funds (2025)		 Balance at
Incoming
Resources
Transfers
Balance at
Incoming
Resources
Transfers
Balance at		 1 January 2024
resources
expended
1 January 2025
resources
expended
31 December		 2025 £
£
£
£
£
£
£
£
£		 House reserve
1,187,924
-
-
-
1,187,924
-
-
-
1,187,924		 Revaluation reserve
1,063,019
-
-
-
1,063,019
-
-
-
1,063,019		 Equipment fund
17,922
-
(9,299)
14,448
23,071
-
(15,315)
36,086
43,842		 General mission fund
15,511
200
(117,247)
111,325
9,789
-
(105,407)
111,775
16,157		 Legacy funds
9,564
1,100
(2,500)
(6,101)
2,024
800
(638)
(1,599)
587		 Property maintenance
75,000
-
-
-
75,000
-
-
-
75,000		 Capital expenditure
-
-
-
-
-
-
-
7,625
7,625		 2,368,899
1,300
(129,046)
119,672
2,360,827
800
(121,360)
153,887
2,394,154		 House reserve:this fund represents the cost of the properties owned by the church, less the endowment fund (which was used for the initial purchase of property). Revaluation reserve:the balance on this fund is the total increase in value of properties owned by the church since they were purchased. Equipment fund:records depreciation and the cost of purchasing equipment for the charity. General mission fund: the general mission fund receives approximately 18% of unrestricted gift income. It is paid out by way of grants to support mission partners and organisations outside the parish. Legacy funds: the church automatically designates all funds received by way of legacy unless they are for specific purposes. The fund is used for special projects. Property maintenance:to cover the cost of essential repairs and upkeep of the charity's physical premisses.
19

CHRIST CHURCH CHORLEYWOOD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

20
Analysis of net assets between funds
Unrestricted
funds
Designated
funds
Restricted
funds
Endowment
funds
2025
2025
2025
2025
£
£
£
£
Fund balances at
31 December
2025 are
represented by:
Tangible assets
-
43,843
-
-
Investment properties
-
2,250,943
-
274,057
Current assets/(liabilities)
69,596
99,368
46,774
-
69,596
2,394,154
46,774
274,057		 Total
2025
£
43,843
2,525,000
215,738
2,784,581		 Total
2024
£
23,071
2,525,000
224,749
2,772,820

21 Related party transactions

During 2025 the church received £36,273 (2024 £50,027) in donations from its PCC members. Of these donations £561 (2024 £709) were to restricted funds. The donors did not attach any conditions to the gifts which required the church to significantly alter the nature of its existing activities.

22
Cash absorbed by operations
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase)/decrease in debtors
(Decrease)/increase in creditors
Cash absorbed by operations		 2025
£
11,761
(92,692)
15,314
(2,689)
(4,481)
(72,787)		 2024
£
28,933
(85,702)
9,299
5,692
14,425
(27,353)

23 Analysis of changes in net funds

The PCC had no material debt during the year.