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2025-12-31-accounts

Charity Registration Number: 1130419

THE PAROCHIAL CHURCH COUNCIL

OF

ST ANDREW’S CHURCH, CHORLEYWOOD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

DUX ADVISORY

Chartered Accountants & Statutory Auditor Suite 1 Amersham House Mill Street Berkhamsted Herts HP4 2DT

ST ANDREW’S CHURCH, CHORLEYWOOD

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

LEGAL AND ADMINISTRATIVE INFORMATION

COUNCIL MEMBERS

Anne Celia Carol Baron * Philip Barton * Ronald Catchick (From May 2025) Nigel Challis Peter Doyle (From October 2025) John Ford * Bill Harer * Catherine Harer Rev Tim Horlock * Ben John (to May 2025)

Matthew Jones Simon Jones * Rev Alison Martin * (From June 2025) Bridget Martin John Martin Adeola Oludemi * (to May 2025) Judith Palfreman Quentin Taljaard Tanitha Wait Dr Corinne Williamson

HONORARY TREASURER

John Ford

INCUMBENT

Rev Tim Horlock

HONORARY SECRETARY

Bill Harer

CHURCH MANAGER

Alan Richards

PRINCIPAL OFFICE

37 Quickley Lane Chorleywood Herts WD3 5AE

BANKERS

Barclays 62/64 High Street Watford WD17 2BT

INDEPENDENT EXAMINER

James Foskett FCA, DChA

DUX ADVISORY Chartered Accountants & Statutory Auditor Suite 1 Amersham House Mill Street Berkhamsted Herts HP4 2DT

ST ANDREW’S CHURCH, CHORLEYWOOD

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

INDEX

Annual Report of the Members of the Parochial Church Council 1
Independent Examiners Report to the Members of the Parochial Church Council 7
Statement of Financial Activities 8
Balance Sheet 9
Cash Flow Statement 10
Notes to the Financial Statements 11

1

ST ANDREW’S CHURCH, CHORLEYWOOD

ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2025

The Members of the Parochial Church Council (PCC) have pleasure in presenting their report together with the financial statements for the year ended 31 December 2025.

Governance

St Andrews Chorleywood PCC is registered as a charity with the Charity Commission. The governing documents for the charity are the Parochial Church Councils (Powers) Measure 1956, as amended and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended). The Objects of the charity are to promote in the ecclesiastical parish the whole mission of the Church.

The trustees of the charity, being the members of the PCC, either elected, co-opted or ex-officio, organise a formal election process each year in the run up to the Annual Parochial Church Meeting (APCM) to fill vacancies arising on the PCC. New members elected to the PCC then automatically become trustees of the charity.

The newly elected members are given guidance on the role and responsibilities of PCC membership including what it means to be a trustee. Eligibility for membership of the PCC is in accordance with the guidelines set out by the Diocese. PCC members serve for a period of up to three years after which, if they so choose, they may stand for re-election. There are no limits to the number of times a person may stand for re-election. On standing down from the PCC, a member is then also removed from the list of trustees of the charity. A full list of the trustees of the charity is available on the Charity Commission website.

Aim and Purposes

The PCC of St Andrew’s Chorleywood has the responsibility of cooperating with the incumbent, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical.

Objectives and Activities

St Andrew’s aligns itself with the diocesan ‘Living God’s Love’ vision of going deeper in God, transforming communities and making new disciples.

Our Vision statement is ‘Knowing, Growing, Going’

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

Achievements and Performance

2

ST ANDREW’S CHURCH, CHORLEYWOOD

ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2025

They devoted themselves to the apostles’ teaching and to the fellowship, to the breaking of bread and to prayer. Acts 2 v42

Worship and Prayer

St Andrew’s offers a range of in-person services that are sensitive to different needs and styles of worship. For example, our 9am Sunday service follows a more traditional format, the 11am service is more contemporary and offers a broader range of children’s activities while our early evening service is more flexible, informal and more responsive to the preferences of our youth. Our monthly Funday Sunday services have been particularly helpful in appealing to new young families. All are welcome at all of our services.

Audio recordings of some talks are available for those who are unable to attend.

There are regular prayer meetings including a weekday early morning prayer meeting which is held online, a Monday mid-morning prayer meeting and special times of prayer during different seasons and in response to specific needs (which have happened both in-person and online, depending on circumstances). A prayer ministry team is available to pray with people after the 9am, 11am and 6pm services.

Attendance

At the APCM in 2025 there were 230 on the Electoral Roll (249 at the 2024 meeting). Sunday attendance (adults) based on October 2025 was 209 (compared to 200 in 2024). The church has 15 Life Groups involving 139 people that meet throughout the week. There are around 39 younger (under 11) children who attend Sunday morning groups (40 in 2024). In addition, over 30 young people (11-18) attend Sunday and/or midweek activities.

Pastoral Care

The clergy visit members of the church who are unable to attend church.

Mission and Evangelism

St Andrew’s works to engage with the community on many levels.

Detonate, the summer holiday week organised by St Andrew’s and several churches in Chorleywood, was attended by 339 children (compared to 313 in 2024) and 240 volunteers (compared to 204 in 2024) helped make it a very successful week. The leadership team do an outstanding job ensuring the children not only have a wonderful time but that rigorous risk assessments and health and safety reviews are conducted as well as safeguarding being a top priority.

Review of the Year

The PCC had six formal meetings in the year with an average attendance of 82%.

The Standing Committee had seven formal meetings in the year with an average attendance of 91%.

During the course of 2025, many of the plans formulated in 2024 were put into effect under the prayerful and energetic direction of our vicar, Rev Tim Horlock. We were able to hold our regular services at 9am, 11am and 6pm. We were delighted to welcome Rev Ali Martin as our curate at the end of June. Ali has hit the ground running and is already making a significant contribution to our church life. We thank Tim, Ali the staff team and volunteers for all their hard work.

3

ST ANDREW’S CHURCH, CHORLEYWOOD

ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2025

Our monthly Funday Sunday services have continued to prove a big success, attracting a number of new families.

Worship is at the heart of our services. As mentioned last year, having returned on a part-time basis, Mhairi Smith stood down as our worship leader in April. We have so appreciated her sensitive leading over the years and are very happy that she and her family are continuing as members of the church. We were delighted that Jacob Hopkins, who joined us in September, and Jamie Maxwell, who joined in December 2025, have now teamed up to give us a full-time post in worship once again.

We have continued to hold our various prayer groups with the early morning weekday meeting remaining online while the Monday morning prayer meeting, led by our vicar, is held in person in the church.

Our Lent course entitled ‘Confident Faith’, an OCCA course to help answer questions about faith, was held both in Life Groups and with sessions at the church and was well received.

Our children’s and youth ministry continues to be a very encouraging part of our work. Our Baby and Toddler groups are more than fully subscribed. Both ministries are led and run by volunteers who are so committed and passionate to bring the good news to our community. We can’t thank them enough.

Jake Dyer, supported by a team of volunteers, works tirelessly with the children not only during our services but with local schools and of course at Detonate where he works as part of a group of churches. This year we continued to build on the contact we have with the many children we meet through Detonate with a very successful Light Party. Other initiatives from our team included an Easter trail and the very popular Christingle Service.

Charlotte Barton, ably assisted by Boaz Moody, is overseeing a growing youth ministry with their various Sunday and midweek ST Andrew’s Youth (STAY) meetings making full use of the newly refurbished youth area at Hillside.

Alistair Guthrie continues to oversee the Hillside building with great professionalism, and we are very fortunate to be able to call on his expertise and time. During the year we carried out some refurbishment of the flat attached to Hillside before new tenants moved in.

Pastoral visiting has remained under the leadership of our vicar as he visits and cares for those in our congregation going through difficult times.

The Detonate team puts on a highly successful programme in the summer in conjunction with our local churches. Many of the children who attend are not regular church attendees and the team do a remarkable job each year in reaching out with Jesus’ love to our community.

Our Sustainability Committee continues working away to reduce our carbon footprint. This year we had an audit done of the church’s potential path to net zero and are reviewing the most effective way of plotting our course ahead within the constraints of our budget. We plan to improve our loft and cavity wall insulation and have been offered a grant to help fund that.

We held a very positive church off-site at Restore Hope Latimer in the summer which was very well attended. Inspirational teaching from Simon Guillebaud was interspersed with worship, activities and times of fellowship.

We held a number of social events in the church, many spearheaded by our Communications and Community Liaison Officer, Kayleigh Maxwell. Picnics on the common, dinners at various church family member’s homes were particularly successful. Kayleigh is now on maternity leave, and we are blessed that Jill Menghetti has stepped in to provide cover in this important role.

4

ST ANDREW’S CHURCH, CHORLEYWOOD

ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2025

Our regular men’s and ladies’ breakfast events continued through the year. Gerard LeFeuvre and the King’s Chamber Orchestra held a number of concerts, including their very popular Christmas events.

Plans for Future Periods

We will continue to hold our services at 9am, 11am and 6pm and will offer recordings of some sermons for those unable to attend. Our vicar will be taking an extended study leave for three months from September. During that time, our curate will deputise.

Our monthly Funday Sunday services reaching out to young families will continue.

We will continue to run our various prayer groups, with the early morning meeting online and the Monday morning prayer meeting, led by our vicar, held in person.

We are holding a Lent course entitled ‘And I Will Bless Them’ based around the book by Roy Godwin. The course is being held in our Life Groups with groups open to whoever wants to join as well as in our chapel.

The youth will continue their meetings both on Sunday and during the week, continuing to make full use of the facilities at Hillside Centre.

Baby and Toddler Groups will continue with their ministries; as will the Friendship Club.

Pastoral visiting will continue under the vicar. The small group network that is in place will continue to be an important support to members of the congregation.

Along with the other local churches, we will run our Detonate programme in the summer.

St Andrew’s hosts a range of other social events for the community and these will continue under the coordination of the Social Committee.

We will continue to work towards improving the sustainability of the church with input from the Sustainability Committee.

In January 2026, the diocese began conducting a ‘Listening Exercise’ relating to possible allegations of abuse at St Andrew’s in the 1980’s, 1990’s and 2000’s. The PCC is in full support of the process to support any potential survivors who come forward. There are three representatives of St Andrew’s on the group reviewing how to support those who come forward. A report will be issued in due course recording the outcome of the exercise.

The diocese has recently carried out a review of current safeguarding arrangements at St Andrew’s. Quoting from their review: `Overall, this review finds that St Andrew’s demonstrates a strong safeguarding culture underpinned by committed leadership, effective governance and clear structures’. We will continue to be vigilant in what is a critical aspect of church life as we work to maintain a safe environment in our church.

Review of Financial Activities and Affairs

Total unrestricted voluntary income for the year was £503k compared to £505k in 2024. A £7k fall in standing orders was offset by a £6k increase in sundry donations.

Restricted income saw a small reduction to £48k from £49k in 2024.

Income from hire of facilities was £34k, up from £32k in 2024. The main items relate to rental from the

5

ST ANDREW’S CHURCH, CHORLEYWOOD

ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2025

flat, the Hillside Pre-School as well as hiring out Hillside and the Bridge to community groups and for private functions.

We received the second tranche of the three-year grant from the diocese in support of our youth work. The grant tapers each year so this year we received £21k compared to £31k in 2024 and an expected £11k in 2026.

Interest income remained above historical levels at £12k reflecting our high cash balances.

Staff costs were £8k higher than in 2024 as we began to rebuild staffing in both the administrative and ministry teams. Church running costs were £6k lower than in 2024 reflecting continued careful cost control by our Church Manager, Alan Richards. He also managed to keep the repairs and maintenance expenses below budget, and £2k below 2024.

Our giving to mission from unrestricted income was £11k higher than in 2024 although our income was slightly lower. We felt able to respond to several unbudgeted requests given our above policy cash levels.

We continued to pay our parish share request in full. The PCC decided that from July it would start to direct a proportion of the total to the diocese via the Ephesian Fund. The aim is to ensure that a percentage of our parish share that does not directly support St Andrew’s is used to support churches sympathetic to our views with regard to the church’s teaching on marriage. In 2025 £30k of the diocese’s total parish share request of £177k was directed in this way.

Attendance, which is generally a leading indicator of income, has been broadly stable but remains well below pre-pandemic levels. Youth and children’s work is back to pre-pandemic levels, which is a tribute to the team including those involved in Toddlers and Funday Sunday.

Our budget for 2026

With our attendance relatively unchanged, we expect our standing order income to also be unchanged while sundry donations are likely to gently revert to previous trends. The grant from the diocese will be around £10k lower. Overall, we expect income to be around £30k lower than in 2025. Staff costs are budgeted to increase as we move back to a full staffing complement on a full year basis in both our youth and worship areas. With Ali, our curate, with us for a full year, we will also see an increase in our rental expenses. This is balanced by a reduction in the parish share request of £5k and £7k reduction in mission giving. Putting all this together we expect a cash outflow of around £55k. Although this is a significant outflow, our cash position is sufficient for us to be able to absorb this level of deficit and we take the view that it would be premature for us to make significant structural changes at this stage.

The legacy from our dear sister Jenny Thornton is anticipated in the next months as the executors have informed us that probate was eventually granted and the sale of her house has now been completed. At present we are not able to quantify the amount we may receive.

Contribution of volunteers

The work of St Andrew’s could not be sustained without the contribution made by many volunteers in all aspects of its ministry.

Areas such as the Baby Group, Toddler Groups, the Friendship Club, Life Groups, hospitality, flowers, cleaning, the Hillside Group, Worship Group, AV and sound teams rely heavily on volunteers.

Special mention must be made of Alan Richards who does an amazing job as Church Manager and of Alistair Guthrie who continues to oversee Hillside for us.

6

ST ANDREW’S CHURCH, CHORLEYWOOD

ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2025

As with many churches, we continue to seek more volunteers. Several of our very faithful team have reached an age where they need to throttle back and many of our younger members have full-on work and family commitments, so this is likely to continue to be a challenge.

Investment Policy

The PCC policy is to hold investments that are liquid and low risk while also yielding a competitive rate of return. Consideration is also given to the ethical elements of investments. Where funds are not protected by the Government Deposit Protection Scheme or needed to cover short term cash needs, the PCC invests in the CBF Church of England Deposit Fund which provides a diversified exposure to high quality short-term liquid assets.

Reserves Policy

It is the intention and policy of the PCC to hold sufficient cash to cover approximately three months of what it estimates to be ongoing core operating expenses in order to cover working capital, staff absences and short-term debts as well as to protect the church from sudden, unexpected loss of income or one-off, unbudgeted expense. In addition, from time to time the PCC identifies designated reserves to cover any anticipated shortfall or for significant expected items of expenditure. The reserves are monitored regularly, and the policy reviewed annually by the PCC and the Finance Group under the Treasurer. Reserves are currently above policy at £318,995 (2024: £295,826) of unrestricted funds which would cover 9.1 months (2024: 8.3 months) of estimated core operating expenses. The PCC would need to hold £105,099 (2024: £107,186) to meet the policy level of 3 months. With a deficit expected in 2026, reserves are anticipated to be nearer policy by the end of the year.

Risks Policy

The PCC regularly reviews risks and policies under the following headings: Financial (e.g. Reserves/viability; expenditure limits); Operational and regulatory (e.g. Safeguarding of Children and Vulnerable Adults; Health and Safety); Staff (e.g. resourcing, compliance with correct HR procedures); and Insurable (e.g. property and accident). Financial controls are specified to give accountability and confidentiality. Financial reports are made to every Standing Committee and PCC meeting, and budgets agreed before the start of each year.

Grant Making Policy

The PCC has a policy of giving away 15% of unrestricted giving to support Mission work outside the Parish. The policy recognises that in times of financial pressure when other commitments such as payment of the parish share request are compromised then no less than 10% of unrestricted giving should be given to support Mission work outside the Parish. The beneficiaries of these grants are selected annually by the PCC under the guidance of the Missions Committee which works with individual overseas mission partners and the Mission Finance Group which assesses other potential beneficiaries as well as providing recommendations for beneficiaries of restricted collections made at various points in the year, particularly Easter, Harvest and Christmas. In addition, the PCC may give occasional small grants for other purposes from unrestricted funds. Grants are made directly overseas only to organisations that have been personally vetted by a member of the congregation and have provided a report on the application of any previous grants.

Trustee Training Policy

Each PCC Member is provided on election with an induction checklist that includes information or sources of information on the roles and responsibilities of PCC members; an introduction to the deanery and diocese - people, structures and synods; as well as a review of the finances of St Andrew’s. This checklist is reviewed annually. An interactive session is held with each new member, separately or as a group, to ensure that any questions can be fully addressed.

Statement of the Responsibilities of the Members of the Parochial Church Council

7

ST ANDREW’S CHURCH, CHORLEYWOOD

ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2025

The PCC is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the PCC to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP;

make judgements and estimates that are reasonable and prudent;

state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The PCC is responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. It is also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to the Independent Examiner

We, the trustees of the charity who held office at the date of approval of these Financial Statements as set out above each confirm, so far as we are aware, that:

there is no relevant information of which the charity’s Independent Examiner is unaware; and we have taken all the steps that we ought to have taken as trustees in order to make ourselves aware of any relevant information and to establish that the company’s Independent Examiner is aware of that information.

For and on behalf of the PCC:

................................................................... John Ford Honorary Treasurer

Dated:

8

ST ANDREW’S CHURCH, CHORLEYWOOD

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF ST ANDREW’S CHURCH, CHORLEYWOOD FOR THE YEAR ENDED 31 DECEMBER 2025

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2024 which are set out on pages 8 to 21.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants for England & Wales, which is one of the listed bodies.

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

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act;

or

  1. the accounts do not accord with those records; or

  2. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

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 accounts to be reached.

Signed:

James Foskett FCA, DChA

DUX ADVISORY Chartered Accountants & Statutory Auditor Suite 1 Amersham House Mill Street Berkhamsted Herts HP4 2DT

9

ST ANDREW’S CHURCH, CHORLEYWOOD

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2024 (Continued)

Date:

10

ST ANDREW’S CHURCH, CHORLEYWOOD

STATEMENT OF FINANCIAL ACTIVITIES (incorporating income and expenditure account) FOR THE YEAR ENDED 31 DECEMBER 2025

All of the PCC's activities are classed as continuing operations

The movement on funds is shown in note 12 to the financial statements

The PCC has no recognised gains or losses other than the result for the year

The notes numbered 1 to 15 form part of these financial statements

11

ST ANDREW’S CHURCH, CHORLEYWOOD

BALANCE SHEET

AS AT 31 DECEMBER 2025

Approved by the members of the Parochial Church Council on 20 April 2026 and signed on their behalf by:

………………………... T Horlock Chairman

………………………… J Ford Honorary Treasurer

The notes numbered 1 to 15 form part of these financial statements

12

ST ANDREW’S CHURCH, CHORLEYWOOD

CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2025

The notes numbered 1 to 15 form part of these financial statements

13

ST ANDREW’S CHURCH, CHORLEYWOOD

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

1. ACCOUNTING POLICIES

St Andrew’s Church is a charity registered in England & Wales. Details of the charities registered office can be found on the legal and administrative information page. The nature of the charity’s operations and principal activities are to promote in the ecclesiastical parish the whole mission of the Church.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared on an accruals accounting basis and in accordance with the Church Accounting Regulations 2006. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, and UK Generally Accepted Accounting Practice

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Funds

Funds held by the PCC are:

Income

Collections are recognised only when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognised only when received. Income tax recoverable on gift aid donations is recognised when the related income is received. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement to the amount due, the receipt is more likely than not and the amount receivable can be estimated with reasonable accuracy.

Expenditure

Grants

Grants or donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.

The notes numbered 1 to 15 form part of these financial statements

14

ST ANDREW’S CHURCH, CHORLEYWOOD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Activities directly relating to the work of the Church

The diocesan parish share is accounted for when paid. Any agreed parish share unpaid at 31 December is provided for in these financial statements as an operational (though not legal) liability and is shown as a creditor in the Balance Sheet.

The notes numbered 1 to 15 form part of these financial statements

15

ST ANDREW’S CHURCH, CHORLEYWOOD

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

Allocation of Costs

The costs involved in supporting the PCC’s work are allocated across the charitable activities on a pro rata basis of their total cost within the resources expended. This includes bank interest and charges payable. Expenditure is included on an accruals basis, inclusive of VAT, which is not recoverable.

Leases

Where assets are financed by leasing agreements that give rights approximating to ownership (“finance leases”) the assets are treated as if they have been purchased outright. The amount capitalised is the fair value of the assets concerned. The corresponding liability to the leasing company is included as an obligation under finance leases. Depreciation on leased assets is charged to the Statement of Financial Activities over the shorter of the lease term and the estimated useful life of the asset.

All other assets are treated as “operating leases” and the relevant annual rentals are charged to the Statement of

Financial Activities on a straight-line basis over the lease term.

Tangible Fixed Assets

Fixed assets are initially recorded at cost. Items are capitalised when the purchase price is over £2,500, apart from expenditure on consecrated or beneficed buildings, for which the limit is £5,000.

All expenditure on the repair of moveable Church furnishings acquired before 1 January 2001 is written off in the Statement of Financial Activities.

Consecrated and beneficed property of any kind is excluded from the financial statements by s.10 (2) of the Charities Act 2011.

Moveable Church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the church’s inventory which can be inspected at any reasonable time. For inalienable property acquired prior to 2001, there is insufficient cost information available and therefore such assets are not valued in the financial statements. Communion silverware is not depreciated.

Depreciation is provided at the following rates per annum on a straight-line basis:

Within computer and equipment there are assets that are silverware which is not depreciated

Current assets and liabilities

Amounts owing to the PCC at 31 December in respect of fees, rent and other income are shown as debtors, less provision for any amounts which may prove uncollectable. Amounts owed by the PCC at 31 December in respect of expenditure are shown as creditors.

Stock

Stock is stated at the lower of cost and net realisable value, where cost is the purchase price. The notes numbered 1 to 15 form part of these financial statements

16

ST ANDREW’S CHURCH, CHORLEYWOOD

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

Pensions

The PCC encourages employees to join the Church Workers Pension Fund, which is a defined benefit pension scheme. The PCC matches contributions made by employees. The assets of the scheme are held separately from those of the PCC. The contributions payable by the PCC are charged to the Statement of Financial activities as they are incurred.

2. INCOME

(a
)
Donations and legacies
Standing Orders & Other
regular giving
Detonate
Hillside
Sundry Donations
Gift Aid recovered
(b
)
Charitable activities
Parochial
Fees
Mission & Other Events &
activities
Children's and youth events
and activities
(c
)
Other trading activities
Bookstall
Hire of
facilities
Management fee
(d
)
Investment
s
Interest received
(e
Other		 Unrestrict
ed funds
Restric
ted
Funds
TOTA
L
FUND
S
2025
Unrestric
ted
funds
Restric
ted
Funds
TOTA
L
FUND
S
2024
£
£
£
£
£
£
350,865
-
350,8
65
358,052
-
358,0
52
-
25,517
25,51
7
-
23,317
23,31
7
-
2,540
2,540
-
4,321
4,321
73,629
16,954
90,58
3
67,661
18,214
85,87
5
78,082
3,083
81,16
5
79,405
3,107
82,51
2
502,576
48,094
550,6
70
505,118
48,959
554,0
77
1,126
-
1,126
2,749
-
2,749
11,191
-
11,19
1
13,650
-
13,65
0
3,235
-
3,235
694
-
694
15,552
-
15,55
2
17,093
-
17,09
3
1,861
-
1,861
1,724
-
1,724
33,721
-
33,72
1
31,671
-
31,67
1
6,000
-
6,000
6,000
-
6,000
41,582
-
41,58
2
39,395
-
39,39
5
11,918
-
11,91
8
12,672
-
12,67
2

The notes numbered 1 to 15 form part of these financial statements

17

ST ANDREW’S CHURCH, CHORLEYWOOD

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

)
St Alban’s Diocese Grant
TOTAL
INCOME		 21,427
-
21,42
7
30,610
-
30,61
0
21,427
-
21,42
7
30,610
-
30,61
0
593,055
48,094
641,1
49
604,888
48,959
653,8
47

EXPENDIT 3. URE

3. EXPENDIT
URE
TOTA TOTA
L L
Unrestri Restri FUND Unrestri Restri FUN
cted cted S cted cted DS
funds Funds 2025 funds Funds 2024
£ £ £ £ £ £
(b
) Charitable activities
i Grants:
Overseas missions and 25,78 18,39
support 25,788 - 8 18,390 - 0
Home missions and 25,04 21,13
support 25,048 - 8 21,136 - 6
45,89 55,58
Special gift distribution - 45,899 9 - 55,581 1
177,7 176,3
Diocesan parish share 177,732 - 32 176,316 - 16
Church activities:
Bookstall 1,180 - 1,180 1,443 - 1,443
Mission & Other Events & 20,99 19,44
activities 20,995 - 5 19,449 - 9
Children's & youth events 18,63 15,20
& activities 18,636 - 6 15,208 - 8
Church running costs:
69,65 75,60
Church running costs 69,653 - 3 75,602 - 2
16,60 19,02
Repairs & maintenance 16,609 - 9 19,020 - 0
28,44 52,45
Depreciation 28,441 - 1 52,455 - 5
Clergy:
35,33 34,78
Clergy & ministry expenses 35,339 - 9 34,781 - 1
Salaries & staf costs:
66,44 60,63
Administrative staf 66,445 - 5 60,630 - 0

The notes numbered 1 to 15 form part of these financial statements

18

ST ANDREW’S CHURCH, CHORLEYWOOD

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

Ministry Staf
Training and recruitment
Pensions
Employer's national
insurance
Printing, Postage and
stationery
Bank
charges
Professional fees
Independent Examination
fees
TOTAL EXPENDITURE		 74,315
-
74,31
5
71,468
-
71,46
8
3,404
-
3,404
2,735
-
2,735
6,493
-
6,493
6,398
-
6,398
8,392
-
8,392
9,384
-
9,384
1,564
-
1,564
1,423
-
1,423
1,259
-
1,259
1,176
-
1,176
313
-
313
88
-
88
3,360
-
3,360
3,000
-
3,000
584,966
45,899
630,8
65
590,102
55,581
645,6
83
Grants Grants Grants Grants
to to to to Supp
instituti individ Suppor Total instituti individu ort Total
3(b)i ANALYSIS OF GRANTS ons uals t costs 2025 ons als costs 2024
£ £ £ £ £ £ £ £
Grants made to Link Partners - 25,788 - 25,788 - 17,390 - 17,390
Grants made to youth for Short Term
Mission - - - - - 1,000 - 1,000
18,39
Overseas missions and support - 25,788 - 25,788 - 18,390 - 0
Onelife 2,500 - - 2,500 2,500 - - 2,500
Evangelical Alliance 300 - - 300 300 - - 300
Philo trust 1,500 - - 1,500 1,500 - - 1,500
Restore Hope Latimer 2,000 - - 2,000 2,000 - - 2,000
Gerard Le Feuvre (KCO) 5,114 - - 5,114 4,905 - - 4,905
TLG - Transforming Lives for Good 1,000 - - 1,000 1,000 - - 1,000
New Hope chaplain 5,114 - - 5,114 2,000 - - 2,000
Hillside Pre-School 5,070 - - 5,070 - - - -
Donations from Toddlers Group 450 - - 450 431 - - 431
London School of Theology 2,000 - - 2,000 2,000 - - 2,000
Oak Church - Stevenage - - - - 2,000 - - 2,000
A Rocha - - - - 500 - - 500
BenJohn - - - - - 2,000 - 2,000
21,13
Home missions and support 25,048 - - 25,048 19,136 2,000 - 6
New Hope 2,824 - - 2,824 - - - -
Good News for Everyone 2,823 - - 2,823 - - - -

The notes numbered 1 to 15 form part of these financial statements

19

ST ANDREW’S CHURCH, CHORLEYWOOD

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

Kingfsher Ministries - - - - 2,555 - - 2,555
Kenyan childrensproject - HFTN UK - - - - 2,554 - - 2,554
Easter Collection - Restricted fund 5,647 - - 5,647 5,109 - - 5,109
Charis Tiwala 2,459 - - 2,459 - - - -
Bishop's harvest appeal 2,459 - - 2,459 2,897 - - 2,897
Tear Fund Middle East Emergency
Appeal - - - - 2,897 - - 2,897
Harvest Collection - Restricted
fund 4,918 - - 4,918 5,794 - - 5,794
Onelife 1,578 - - 1,578 - - - -
Open Doors 1,578 - - 1,578 - - - -
Jenga 13 - - 13 1,794 - - 1,794
Restore Hope Latimer 13 - - 13 1,794 - - 1,794
Christmas Collection - Restricted
fund 3,180 - - 3,180 3,588 - - 3,588
Reallocate Donation Direct to Diocese 1,281 - - 1,281 - - 1,489 1,489
Music Equipment for Youth Hillside - - - - - 530 - 530
Amilie Erasmus - BBQ Fundraiser - - - - - 1,558 - 1,558
Jo Moody& RodneyHogue Conference - - - - - 700 - 700
Special Collection - Restricted
fund 1,281 - - 1,281 - 2,788 1,489 4,277
23,52
Detonate - - 24,531 24,531 - - 6 23,526
Hillside - - 608 608 - - 8,663 8,663
Friendship Club - - 3,879 3,879 - - 3,153 3,153
Hardship - 1,855 - 1,855 - - 1,471 1,471
38,30 55,58
Specialgift distribution 15,026 1,855 29,018 45,899 14,491 2,788 2 1
177,73 176,31
Diocesanparish share 177,732 - - 2 176,316 - - 6
274,46 38,30 271,4
Total Grants 217,806 27,643 29,018 7 209,944 23,178 2 23

TANGIBLE FIXED 4. ASSETS

TANGIBLE FIXED
ASSETS
Cost
At 1 January 2025
Additions
At 31 December 2025
Depreciation
At 1 January 2025
Charge for year
At 31 December 2025		 Freehold
Land
Property
Computer
s &
Fixtures
&
Buildings
Improvem
ents
Equipmen
t
& Fittings
Total
£
£
£
£
£
268,827
691,419
184,151
267,956
1,412,35
3
-
12,361
-
-
12,361
268,827
703,780
184,151
267,956
1,424,71
4
9,005
507,115
175,688
232,701
924,509
3,377
10,585
828
13,651
28,441
12,382
517,700
176,516
246,352
952,950

The notes numbered 1 to 15 form part of these financial statements

20

ST ANDREW’S CHURCH, CHORLEYWOOD

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

Net Book
Value
At 31 December 2025
At 31 December 2024
256,445
186,080
7,635
21,604
471,764
259,822
184,304
8,463
35,255
487,844

There is a residual balance of £7,439 on computers & equipment which relates to silverware and is not depreciated.

All of the assets are held for the PCC's ongoing activities.

5. STOCKS

STOCKS
Bookstall stock
DEBTORS
Prepayments
Other debtors
Gift Aid recoverable		 2025
2024
£
£
2,209
2,285
2025
2024
£
£
7,644
5,128
5,212
5,943
7,078
7,735
19,934
18,806

6. DEBTORS

LIABILITIES: AMOUNTS FALLING DUE 7. WITHIN ONE YEAR

Trade Creditors
Other Creditors
Accruals
Taxation and Social Security		 2025
2024
£
£
3,577
826
389
614
10,849
15,532
3,405
3,044
18,220
20,016

REMUNERATION OF PCC MEMBERS AND OTHER RELATED 8. PARTY TRANSACTIONS

The following payments were made or re-imbursed to PCC members and other related parties:

The notes numbered 1 to 15 form part of these financial statements

21

ST ANDREW’S CHURCH, CHORLEYWOOD

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

202
5 2024
£ £
Rev Tim Horlock PCC Member 3,05 3,365 Expenses and allowances
3
Rev Alison Ruth PCC Member 1,55 - Expenses and allowances
Martin 0
James Rigby PCC Member - 811 Expenses and allowances
Ben John PCC Member - 2,000 Grant for ministry
Charlotte Barton Wife of PCC 20,5 16,62 Salary including Employers NIC & pension contri
Member 05 4

analysis

No further expenses were reimbursed to other PCC members in 2025 (2024: £nil).

charities

of which PCC members are trustees.

9. EMPLOYEE COSTS

Employee costs, excluding clergy paid by the Diocese, were as follows:

Salaries & wages
Social security costs
Pension costs		 2025
2024
£
£
139,420
130,916
8,392
9,384
6,493
6,398
154,306
146,698

The Clergy receive a Stipend from the Diocese and are classed as "office holders" for tax purposes. They are not paid directly by the PCC although the "parish share" paid to the Diocese includes an element to cover the clergy Stipend.

benefits.

No employees were paid at a rate of more than £60,000 pa (2024: none).

4.4 (2024: 4.9).

1 0. CONTINGENT LIABILITIES

There were no contingent liabilities as at 31 December 2025 (2024: £nil).

The notes numbered 1 to 15 form part of these financial statements

1 OPERATING LEASE COMMITMENTS

22

ST ANDREW’S CHURCH, CHORLEYWOOD

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

1.

At 31 December 2025, the PCC had commitments under non-cancellable operating leases as follows

Operating lease payments in the year were £740 (2024: £1,480).

Future minimum lease payments
not later than one year;
later than one year and not later than
fve years
later than fve years		 2025
2024
Land &
Buildings
Other
Land &
Buildings
Other
£
£
£
£
-
-
-
740
-
-
-
-
-
-
-
-
-
-
-
740

The 4 year photocopier lease expired in July 2025 and the printer was purchased for £415

Easter

Funds were split equally and given to New Hope and Good News for Everyone!. New Hope is a Watford-based charity supporting people experiencing homelessness and Good News for Everyone! (formerly Gideons UK) is a Christian organization that distributes Scriptures to introduce people to Jesus Christ.

The notes numbered 1 to 15 form part of these financial statements

23

ST ANDREW’S CHURCH, CHORLEYWOOD

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

Harvest Our Harvest Collection was split equally between the Bishop's Charity and
Charis Tiwala. The 2025 Bishop's Charity, selected by Bishop Alan, is
focused on the work of Mission Direct in Zambia and Uganda, where they
are building schools and improving access to education. Charis Tiwala is a
charity working to help people in Hertfordshire afected by human
trafcking or sexual exploitation.
Detonate Detonate is a local children's summer activity, which the church runs in
conjunction with local churches and fellowships.
Christmas This year our Christmas Collection will support two charities: Open Doors
Collection and One Life. Open Doors works to strengthen Christians living under
pressure for their faith, ofering practical support, advocacy and prayer.
One Life is a movement equipping young people across London to explore
faith, character and leadership.
Hillside Total funds raised @ 31/12/25 were £460k of which £430k has been
capitalised - £269k for the purchase of Hillside Church in Apr 2022 and
£161k of architectural design fees and development expenses to enable
remodelling and refurbishment of the site which was completed in Oct
2023. During 2023 £17K was spent on equiping the building ready for the
youth and in 2024 an additional £9k and £1k in 2025 was spent on various
building improvements. There is an unused balance remaining of £3k.
Hardship The Hardship restricted reserve was originally set up during the Covid Crisis
and this year continued to attract £125 in donations. £1k was also
transferred from Unrestricted funds. This year payments of up to £240 each
were given to individuals within our community.
Friendship Club The friendship club has been running for many years ofering friends and
neighbours the opportunity to meet together in the Church Lounge in a
safe, warm and comfortable environment for various activities. Members
can also enjoy a hearty hot lunch and pudding lovingly cooked and served
in-house by the team.
Special The congregation was given the option to opt out of the decision to direct a
collections percentage of our parish share request via the Ephesian Fund and to direct
all their donations direct to the diocese. This fund refects those who made
that choice.
Designated
Funds
Fixed Assets This fund represents the net book value of tangible fxed assets. Transfers
relate to Additions and depreciation for the year.

13 ANALYSIS OF NET ASSETS BY . FUND

The notes numbered 1 to 15 form part of these financial statements

24

ST ANDREW’S CHURCH, CHORLEYWOOD

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

Restric
ted
Funds
Designa
ted
Funds
Unrestri
cted
General
Fund
TOTAL
FUNDS
2025
Restric
ted
Funds
Designa
ted
Funds
Unrestri
cted
General
Fund
TOTAL
FUNDS
2024
£
£
£
£
£
£
£
£
Fixed Assets -
471,764
-
471,76
4
487,844
487,84
4
Net Current
Assets		 18,190
-
318,995
337,18
5
14,995
-
295,826
310,82
1
Fund Balances
at 31
December
2025		 18,190
471,764
318,995
808,94
9
14,995
487,844
295,826
798,66
5

1 ULTIMATE CONTROLLING PARTY 4

There is no ultimate controlling party.

1 STAFF PENSIONS - Church Workers Pension Fund (CWPF) 5

St Andrews Chorleywood PCC (PB Classic & PB 2014) participates in the Pension Builder Scheme section of CWPF for lay staff. CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets separately from those of the Employer and other participating employers.

CWPF has two sections:

  1. the Defined Benefits Scheme

  2. the Pension Builder Scheme, which has two subsections;

  3. a. a deferred annuity section known as Pension Builder Classic, and,

  4. b. a cash balance section known as Pension Builder 2014.

Pension Builder Scheme

Both sections of the Pension Builder Scheme are classed as defined benefit schemes.

Pension Builder Classic provides a pension, accumulated from contributions paid and converted into a deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from time to time. Discretionary increases may also be added, depending on investment returns and other factors.

Pension Builder 2014 is a cash balance scheme that provides a lump sum which members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment returns and other factors. The account, plus any bonuses declared is payable, unreduced, from age 65.

There is no sub-division of assets between employers in each section of the Pension Builder Scheme.

The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme’s assets and liabilities to specific employers and means that contributions are accounted for as if the Scheme were a

The notes numbered 1 to 15 form part of these financial statements

25

ST ANDREW’S CHURCH, CHORLEYWOOD

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

defined contribution scheme. The pensions costs charged to the SoFA in the year are the contributions payable (2025: £6,493 - 2024: £6,398).

A valuation of the Pension Builder Scheme is carried out once every three years. The most recent valuation was carried out as at 31 December 2022.

For the Pension Builder Classic section, the valuation revealed a surplus of £34.8m on the ongoing assumptions used. At the most recent annual review effective 1 January 2026, the Board chose to grant a discretionary bonus of 10% to both pensions not yet in payment and pensions in payment in respect of service prior to April 1997; and a bonus on pensions in payment in respect of post April 1997 service so that the pension increase was also 10% (where usually it would be calculated based on inflation up to an annual cap of 5% for pensions in payment in respect of service prior to April 2006 and 2.5% for pensions in payment in respect of service post April 2006 ). This followed improvements in the funding position over 2025. There is no requirement for deficit payments at the current time.

For the Pension Builder 2014 section, the valuation revealed a surplus of £8.5m on the ongoing assumptions used. There is no requirement for deficit payments at the current time.

The next valuation is being carried out as at 31 December 2025.

The legal structure of the scheme is such that if another employer fails, St Andrews Chorleywood PCC could become responsible for paying a share of the failed employer’s pension liabilities.

The notes numbered 1 to 15 form part of these financial statements