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← The Parochial Church Council Of The Ecclesiastical Parish Of St Lawrence, Abbots Langley

2024-12-31-accounts

St. Lawrence Church, Abbots Langley and Church of the Ascension, Bedmond

Annual Report and Financial Statements of the Parochial Church Council for the year ended December 31[st] 2024

Incumbent

The Revd Dr P.M. Waddell The Vicarage, Hilbernel, 26 Greenways, Abbots Langley, WD5 0EU

Bank

Lloyds Bank plc 32 & 32a, Atria Shopping Centre, Watford WD17 2UB

Independent Examiner

Gary Howard

Howard Wilson, Chartered Accountants 36, Crown Rise, Watford, Herts, WD25 0NE

Registered Charity Number 1130597

Abbots Langley PCC Annual Report and Financial Statements 2024

Trustees Report for 2024

Charity Name: The Parochial Church Council of the Ecclesiastical Parish of St. Lawrence, Abbots Langley. Registered Charity: 1130597

Principal Address: St. Lawrence Church Office, High Street, Abbots Langley, WD5 0AS

Statement of PCC Responsibilities

The Charities Act 2011 requires the PCC to prepare financial statements for each financial year which give a true and fair view of the the PCC’s financial activities throughout the year, and its financial position at the end of the year. In preparing financial statements giving a true and fair view, the PCC should follow best practice and:

The PCC members have overall responsibility for ensuring that the PCC has appropriate systems of controls, financial and otherwise. They are also responsible for keeping proper records which disclose with reasonable accuracy at any time the financial position of the PCC and enable them to ensure that the financial statements comply with the 2011 Act. They are responsible for safeguarding the assets of the PCC and for taking reasonable steps for the prevention of fraud and other irregularities and to ensure:

Trustees

Members of the PCC are either ex-officio or elected by the APCM in accordance with the Church Representation Rules. During the calendar year, the following served as members of the PCC (and so trustees):

Clergy: Revd. Dr. Peter Waddell (Chair); Revd. Helen Neville (Asst. curate, from July) Lay Reader: Mrs Sally Sanderson Churchwardens : Prof. Thomas Betteridge : Prof Richard Simons Deanery Synod Representatives

Elected members: Dr. Helen Shepherd; Mrs Roxanne Yau (Parish Safeguarding Officer); Mrs Rita Baldwin; Mr Christopher Sanders (Treasurer); Mr Richard Baldwin; Mr Alex-Horrox White; Mrs Miriam Job; Mr. Stephen Wray; Mrs Frances Foulsham; Mrs Hilary Causer; Mrs Anne Maskill.

Co-opted members: Mrs Amanda Hawkes (Secretary)

At the APCM on 23[rd] April 2024, the electoral roll stood at 177.

On 29[th] June 2024, we were delighted to mark the ordination to the priesthood of the Revd. Helen Neville, Assistant Curate in the parish, at St. Albans Abbey. Helen continued as Assistant Curate here throughout the year.

Page 2 of 29

Abbots Langley PCC Annual Report and Financial Statements 2024

Structure, Governance and Management

The charity’s governing documents are the Parochial Church Council Powers Measure (1956) as amended, and the Church Representation Rules (2020). The PCC operates through a number of committees which meet between full meetings of the PCC and report to these meetings.

Standing Committee – the only committee required by law. It has the power to transact the business of the PCC between meetings, subject to directions given by the Council. The Committee comprises the parish clergy, the churchwardens, the Treasurer, and Dr. Helen Shepherd.

Finance Committee – oversees the general financial affairs of both churches by monitoring income and expenditure, budgeting, promoting stewardship especially through planned giving, and overseeing the fundraising activities of the PCC. It also attends to any charitable donations made by the PCC, in line with the parish policy on charitable donations.

Property Committee – attends to matters relating to the upkeep of the buildings and their surroundings. These include the two church buildings, their fabric and churchyards; the Church Hall and Stable Block, and the parish-owned house at 40 Kindersley Way.

Social Committee – organises social events focussed on St. Lawrence Church. The Church of the Ascension has its own informal structure.

Communications Committee – responsible for comms within the parish and externally, including use of social media and local newspapers. It is also responsible for the production and distribution of the parish magazine Outlook and maintaining and updating the parish web-site. This Committee was in abeyance throughout 2024.

Worship Committee – provides feedback and assists the vicar with planning parish worship activities. This Committee was in abeyance throughout 2024.

Children and Young People’s Committee – oversees and co-ordinates the work of the parish with those aged 0-18.

Safeguarding

Mrs Roxanne Yau was appointed at the APCM of 2023 as Parish Safeguarding Officer (PSO), and served throughout 2024.

All parish activities are run in full compliance with the House of Bishops’ Safeguarding policies. The PSO ensures that all those involved in work with young people and/or vulnerable adults have the required level of training and background checks. The Parish has followed the ‘Safer Recruitment’ policy in making all appointments, such as that of the Director of Music.

In August 2024, the PCC was informed that legal action had been mounted against the Vicar, Churchwardens, and PCC in relation to the serious safeguarding incident concerning the Revd. Brian Hibberd reported to the 2023 APCM. The fact of legal action itself constituted a serious incident which needed reporting to the Charity Commission. The matter is in the hands of our insurers. No resolution had been reached by the end of 2024.

Objectives and Activities

Abbots Langley PCC has the responsibility for co-operating with the incumbent, the Revd. Dr. Peter Waddell, and the curate, Revd. Helen Neville, to promote the whole mission of the church – pastoral, evangelistic, social and ecumenical throughout the ecclesiastical parish. The PCC is additionally the Managing Trustee of the Church Hall Charity, set up to manage the land and other assets of the Church Hall complex.

The parish’s current priorities are set out in the Mission Action Plan for 2023-2026, approved by the PCC in 2023. This is reproduced here:

Page 3 of 29

Abbots Langley PCC Annual Report and Financial Statements 2024

The Parish of Abbots Langley: Mission Acton Plan 2023-26

The things that do not change… what this parish will always be about:

Going deeper into God: helping people grow in holiness. Making new disciples: calling people of all ages to follow Jesus. Transforming communities: making a positive social impact locally and beyond.

In the light of these unchanging fundamentals, these are our priorities for the next three years:

Going Deeper into God

Making New Disciples

Transforming Communites

In the light of these priorities, in the next three years we will seek to:

Going Deeper into God

Making New Disciples

Page 4 of 29

Abbots Langley PCC Annual Report and Financial Statements 2024

Transforming Communites

Parish Actvites in 2024

Worship

Throughout 2024, the parish offered the following pattern of weekly worship:

Sundays

0800 Said Eucharist at St. Lawrence

0930 Sung Eucharist at St. Lawrence

1130 Eucharist with hymns at the Church of the Ascension

1700 Evening Service (this could be simple, said Evening Prayer; Taize style worship; our monthly ‘Breathing Space’ conversational service; our new highly informal, contemporary worship service ‘The Spark’; or Choral Evensong).

Weekdays

0915, daily, Morning Prayer at St. Lawrence

1200, Wednesdays, said Eucharist at St. Lawrence There is a junior and adult choir, reflecting the high value the parish places on sung worship.

A Sunday School (‘Seekers’) met most Sundays in 2024 during the 9.30am service for primary school aged-children. Due to the scarcity of volunteers, and the unpredictable level of attendance, in the second half of 2024 this moved to a twice-per-month basis. We are most grateful to Mrs Penny McLoughlin and Dr. Helen Shepherd for taking the lead in enabling Seekers to happen. Overall weekly attendance at services continued its slow recovery from the collapse during the pandemic. In 2024, attendance dropped beneath 100 for only 9 weeks (the comparable figure for 2023 being 16). In 2024, it was over 110 for 20 weeks, the comparable figure for 2023 being 15). We continued to livestream our principal Sunday service, and estimate that around ten people regularly participate as fully as possible in services through this provision (not counting more casual use of the livestream service).

The parish continues to run a ‘Messy Church’ in collaboration with the Methodist Church. This meets monthly, and regularly has around twenty children and their families taking part.

The parish continued to offer regular opportunities for the deeper exploration of faith. Throughout 2024, the weekly ‘Friends and Faith’ group continued to meet, and in Lent the ‘Be Still’ course was offered in conjunction with Churches Together in Abbots Langley’

Throughout 2024, communion was being brought to around ten individuals at home due to their inability to attend church. The clergy were also visiting two sheltered housing units each month to bring communion.

Pastoral or ‘Occasional’ Offices

During 2023, there were 15 children under the age of 4 christened in the parish. We were delighted to present two adult candidates for Confirmation (and in one case, Baptism) at St. Alban’s Abbey. There were seven weddings in the parish, confirming the sharp decline in marriage rates observed nationally over several years.

Page 5 of 29

Abbots Langley PCC Annual Report and Financial Statements 2024

30 funerals were taken by the parish clergy, of which 12 were held in church and 18 at local crematoria and cemeteries. There were 17 burials of cremated remains in the churchyard. An ecumenical team of bereavement visitors continues to provide ongoing support to the bereaved.

Parish Organisations

A wide range of parochial organisations continued to flourish throughout 2024.

‘Tiny Tots’ is our weekly group (term-time only) for under 4’s and their carers. This usually saw more than 15 children attending for singing and stories with the clergy.

Our Nameless Youth group for those aged 11-18 continued to meet monthly.

A weekly Craft and Conversation group meets at St. Lawrence’s, and has proved very popular. The Mothers Union meets twice a month once with a varied range of activities.

The Bell Ringing Team continued to grow. It rings for the Parish Eucharist each Sunday, for special and civic services and weddings on request.

Bedmond Church’s monthly coffee morning resumed in 2023 after being suspended during the pandemic, and have proved highly popular.

Community involvement

Throughout 2024, the congregations contributed with great generosity towards the work of the Watford Food Bank. There is a collection point for goods in the church and in Budgens / Sweeneys on the High Street (the supermarket changed hands in the course of the year). Food is regularly collected by volunteers and transported to the Food Bank. The parish office also functions as a distribution point for the Three Rivers Food Bank.

The local Citizens Advice Service is housed in the Old Stable Block. The parish offers this at half the usual business rate to support this valuable service to the local community.

The clergy continued to be involved in local schools, giving weekly assemblies at Bedmond Academy and Abbots Langley Primary. Occasional visits were also made to Tanners Wood and Breakspeare Schools, and all the local schools came to Church for class visits.

As part of our commitment to supporting those facing bereavement, St. Lawrence participated fully in the Churches Together in Abbots Langley ‘Grave Talk’ project. Two meetings were held in the Henderson Hub with the aim of encouraging people to explore thoughts and feelings about mortality. These were judged a great success by all who took part.

St. Lawrence’s once again hosted an immensely popular Switching On of the village Christmas lights.

The highly successful Summer Fete, involving many volunteers and drawing large numbers, raised £2,280 divided equally between our two chosen charities: Abbots Langley Carers and Watford Schools Trust. Along with other churches in Watford, the parish continued its strong commitment to the Malawi Project. The highlight of 2024 was the trip that eight of us undertook to the town of Malosa in Malawi to see for ourselves the projects that we have supported in the hospital, secondary school and community since our last visit in 2018. With the money that we raised throughout 2023 and the first part of 2024, we were able to take out further funds with us to support projects whilst we were there including the refurbishment of the hospital’s laundry, bicycles for volunteers to visit the sick, maize for planting, event days for public health advice and roofing for a classroom block at the school. In September we paid for space in a container for items to be sent to the hospital and school Malosa (due to arrive March 2025).

Page 6 of 29

Abbots Langley PCC Annual Report and Financial Statements 2024

Care for creation

The Churchyard is recognised as a county wildlife site and is managed with wildlife in mind. It has an important number of grassland indicator species. We have a noticeboard in the churchyard to inform people about what to look out for. The articles on this board are changed monthly. A regular group of church members and others meet once a month to perform invaluable work in maintaining the churchyard. In addition, several members carry out work throughout the week to keep paths clear and tend to the Garden of Remembrance. In 2024, the parish was assisted by a grant from Abbots Langley Parish Council. This was used to pay for tree work and servicing of the mowers. There is also a working party at Bedmond which maintains the churchyard there.

In 2024, both the Church of the Ascension and St. Lawrence continued to work towards the Silver Award in the A-Rocha ‘eco-church’ scheme.

Legacies

The parish was deeply grateful to receive one legacy in the course of 2024, from the estates of Mrs Susan Thompson.

FINANCIAL REVIEW

The overall financial result for 2024 shows a surplus (before transfers and gains on investments) on the unrestricted funds of (£15,522) (SOFA page 10). This figure includes a one off recovery of Gift Aid tax relating to previous years planned giving income. Taking all PCC directly controllable income and expenditure into account i.e. excepting endowments, the surplus becomes £5,172 (£15,522- £10,350 SOFA page 10).

The General Fund (which accounts for our day-to-day running costs) shows a surplus for the year of £12,370 (note 19 page 23, £221,185 - £208,815). The General fund surplus is retained in the General fund and counters last year’s deficit. The inflationary economic climate, together with pressure on household incomes leads to significant uncertainty about the path ahead. The Hall & Stable Block income rose somewhat during 2024. During September 2024 we welcomed the Little Fawns pre-school, which contributes significantly to the hall income. The parish received a full year’s increased rent from 40 Kindersley Way. During 2024 the parish contributed £19,057 towards the costs associated with Revd. Helen Neville‘s accommodation. This figure is offset by a reduction of £9,300 in the parish quota.

At St Lawrence, there was expenditure of £9,458 in 2024 on restoration work in the South Porch, a new lightning conductor for the flagpole, church clock repairs, and sundry other repairs. Each of the major items was supported by a grant from the Friends of St Lawrence. At both Bedmond and 40 Kindersley Way there was no expenditure on major items. The planned enhancement works to the hall kitchen were completed during 2024. There were a number of generous donations to the Hall Refurb fund which provided the funds for this work. The Property Reserve Fund at £32,399 is above the PCC required reserve level of £30,000. During 2025 the PCC is planning to complete the South Porch restoration works at St Lawrence, however difficulties with planning permissions leave the scope of this uncertain. No major works are planned for Bedmond during 2024. In the Churchyard, the PCC is planning to establish a scheme for Memorial Bricks associated with the Garden of Remembrance; it is envisaged that this will be self funding.

Page 7 of 29

Abbots Langley PCC Annual Report and Financial Statements 2024 For this parish, income received under planned giving {including tax recovery) totalling £128,132 (2023 £110,705) represents 58.OY. (2023 - 54.0%) of our General Fund income. There has been a significant lift given by recovering Gift Aid due during 2022 & 2023. Leaving the Gift Aid issue aside, there does seem to be a longer term downward trend, which the PCC is addressing. A Stewardship renewal campaign is planned for 2025. We have budgeted to receive an annual equivalent income of £108,800 (including tax relief) for 2025. The amount paid to charities and missions out of the General Fund in 2024 was £320 (2023 £135). During 2024 the church held a Summer Fete, and we donated the proceeds of £2,280 to Abbots Langley Carers and Warford Schools Trust. We donated a further £570 (2023 - £1,121) to charities from charity collections and restricted offertories, and we gave a grant to the Citizens Advice Service in Three Rivers of £9,192 (2023 - £9,192). During 2024 the PCC Malawi team spent £23,075 on Malawi support activities, and raised £12,047 with fundraising events. During the year our investments increased in value by £1,466 and at the year end the total market value of our investments was £41,810 {2022 - £40,323).. The parish quota for 2025 will be £98,631 (2023 - £99,102), less a £9,300 rebate towards the curate's housing costs. The PCC is continuing the process of identifying the major risks which impact on the work of the church in this parish. An analysis of existing controls in place to deal with these risks continues to be developed by identifying further actions required to mitigate these risks. We already have a safeguarding policy in place which is reviewed and revised annually and we have procedures in place for the handling of cash. In line with the policies decided by the PCC in 2019 the general operational reserve should have a minimum value of £35,000 together with a minimum value of Property reserve of £30,000. The unrestricted funds in the accounts show that these values are being maintained, see note 19, page 23. Great thanks are due to all those who have assisted in the running of the church finances, and in particular To dge as Planned Giving Secretary. on behalf of the Trustees March 2025 Page 8 of 29

Abbots Langley PCC Annual Report and Financial Statements 2024 INDEPENDENT EXAMINER'S REPORT THE PAROCHIAL CHURCH COUNCIL OF ABBOTS LANGLEY I report to the trustees on my examination of the accounts of Parochial Church Council {"PCC"} for the year ended 31 December 2024. Responslbilitles and basls of report As members of the PCC you are responsible for the preparation of the accounts in accordance wlth the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examinatlon of the PCC'S accounts carried out under section 145 of the 2011 Act. In carrying out rny examination I have followed all the applicable Directions given by the Charity Commission under section 145151{bl of the 2011 Act. Independent examiner's statement Your attention is drawn to the fact that the PCC has prepared accounts in accordance with Accounting and Reportrng by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accountlng and Reporting by Charities.. Statement of Recommended Practice issued on l April 2005 which is referred to in the extant regulations but has now been withdrawn. l understand that thls has been done in order for accoLlnt5 to provide a true and falr vlew In accordance wlth Generally Accepted Accounting Practice effective for reportin8 periods beginning on or after l January 2015. Since the PCC'S gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Att. I confirm that l am qualified to undertake the examination because l am a member of The Ins￿tute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attenUon in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept In respect of the PCC as required by section 130 of the 2011 Act; or the accounts do not accord with those records,. or the accounts do not comply wlth the applicable requirements concerning the form and content of accounts set out In the Charities (Accounts and Reports) Re8ulations 2008 other than any requirement that the account5 give a true and fair view which is not a matter considered 35 part of an independent examlnation. I have no concerns and have come across no other matters in connection with the examination to whSch attentlon should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Gary Howard FCA Howard Wilson Chartered Accountants 36 Crown Rlse Watford Hertfordshlre WD25 ONE Dated: 14 2A)zf . Page 9 of 29

Abbots Langley PCC Annual Report and Financial Statements 2024

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31st December 2024

Note
Unrestricted
Funds
INCOME AND ENDOWMENTS FROM:
£
Donatons and Legacies
2a
155,462
Charitable actvites
2b
10,462
Other actvites
2c
60,117
Investments
2d
4,401
Other
2e
706
TOTAL INCOME
231,148
EXPENDITURE ON:
Raising funds
3a
5,204
Church actvites
3b
210,422
TOTAL EXPENDITURE
215,626
NET INCOME/(EXPENDITURE) BEFORE
15,522
GAINS AND LOSSES ON INVESTMENTS
GAINS/(LOSSES) ON REVALUATIONS
13
-
GAINS/(LOSSES) ON INVESTMENTS
14
NET INCOME/(EXPENDITURE)
15,522
TRANSFERS BETWEEN FUNDS
23
(31,771)
NET MOVEMENT IN FUNDS
(16,249)
RECONCILIATION OF FUNDS:
TOTAL FUNDS BROUGHT FORWARD
711,861
TOTAL FUNDS CARRIED FORWARD
695,612		 Restricted
Funds
£
20,995
2,861
5,587
1,280
-
30,723
587
40,486
41,073
(10,350)
-
430
(9,920)
31,771
21,851
574,974
596,825		 Endowment
Funds
£
-
-
-
24
-
24
-
-
-
24
-
1,036
1,060
-
1,060
21,546
22,606		 TOTAL
2024
£
176,457
13,323
65,704
5,705
706
261,895
5,791
250,908
256,699
5,196
-
1,466
6,662
-
6,662
1,308,381
1,315,043		 TOTAL
2023
£
164,509
11,189
62,183
4,408
4,971
247,260
6,667
251,379
258,046
(10,786)
-
3,919
(6,867)
-
(6,867)
1,315,248
1,308,381

The notes on pages 12 to 29 form part of these accounts.

Page 10 of 29

Abbots Langley PCC Annual Report and Financial Statements 2024 BALANCE SHEET AT 31st DECEMBER 2024 Note 2024 2023 FIXED ASSETS Tangible fixed assets 13 I,ioo,000 1,100,000 Fixed asset investments 14 41,812 40,325 1,141,812 1,140,325 CURRENT ASSETS Debtors 16 33,054 44,403 Current asset investments 17 15,527 14,705 Short term deposlts 80,943 76,363 Cash at bank and in hand 69,279 53,176 198,803 188,647 CURRENT LIABILITIES Amounts falllng due within one year 18 25,572 20,591 NET CURRENT ASSETS 173,231 168,056 TOTAL NET ASSETS 1,315,043 1,308,381 REPRESENTED BY Unrestricted funds 19 695,612 711,861 Restricted funds 20 596,825 574,974 Endowment funds 21 22,606 21,546 1.315.043 1,308,381 The notes on pages 12 to 29 form part of these accounts. Approved by the Parochial Church Council on 23rd March 2025 and signed on its behalf by: P Waddell Ilncumbent) C Sanders (Treasurer) Page 11 of 29

Abbots Langley PCC Annual Report and Financial Statements 2024

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31[st] December 2024.

1 ACCOUNTING POLICIES

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006, Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (as amended for accounting periods commencing from 1 January 2016), the Charities Act 2011 and applicable regulations. The PCC is a Public Benefit Entity as defined by FRS 102.

The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value.

Critical accounting estimates and judgements

In the application of the PCC’s accounting policies, the members of the PCC are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Going concern

The members of the PCC assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the PCC to continue as a going concern. The members of the PCC make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the PCC has adequate resources to continue in operational existence for the foreseeable future. Thus, the PCC continue to adopt the going concern basis of accounting in preparing the accounts.

Funds

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.

The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members.

Incoming Resources

Voluntary income and capital sources Collections are recognised when received by or on behalf of the PCC.

Planned giving receivable under covenant is recognised only when received.

Income tax recoverable on covenants or gift aid donations is recognised when the income is recognised.

Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain.

Funds raised by the fete and similar events are accounted for gross.

Sales of books and magazines from the church bookstall are accounted for gross.

Other ordinary income

Rental income from letting of the Church premises is recognised when the rental is due.

Page 12 of 29

Abbots Langley PCC Annual Report and Financial Statements 2024

1 ACCOUNTING POLICIES (continued)

Income from investments

Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue. Gains and losses on investments

Realised gains or losses are recognised when investments are sold.

Unrealised gains or losses are accounted for on revaluation of investments at 31 December.

Resources used

Grants

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

Activities directly relating to the work of the church

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

Fixed Assets

Consecrated land and buildings and movable church furnishings Consecrated and beneficed property is excluded from the accounts.

No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed.

Other fixtures, fittings and office equipment

Equipment used within the church premises is depreciated on a straight line basis over 4 years. Individual items of equipment with a purchase price of £1,500 or less are written off when the asset is acquired.

Investments

Investments are valued at market value at 31 December.

Current assets

Amounts owing to the PCC at 31 December in respect of fees or other income are shown as debtors for amounts less provisions for amounts that may prove uncollectable.

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Short term deposits include cash held on deposit either with the CBF Church of England Funds or at the bank. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial

Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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Abbots Langley PCC Annual Report and Financial Statements 2024

1 ACCOUNTING POLICIES (continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charities contractual obligations expire or are discharged or cancelled.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

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Abbots Langley PCC Annual Report and Financial Statements 2024

2 INCOME AND ENDOWMENTS FROM

Note
Unrestricted
Funds
£
2a
Donatons and Legacies
Planned giving – Gif-Aided
91,000
Planned giving – GAYE and CAF
-
Planned giving – tax recovery
34,021
Planned giving – non-Gif-Aided
3,111
Collectons
4
5,207
Grants
416
Donatons, appeals, etc
20,707
Legacies
1,000
155,462
2b
Charitable Actvites
Fees
7,905
Fetes
869
Social events
1,084
Other Charitable Actvity income
604
10,462
2c
Other Trading Actvites
Hall & Stable block letngs
27,854
Bookstall
17
Church Magazine
2,431
40 KW Rental income
21,200
Fund-raising income
3,285
Other operatng actvites
5,330
60,117
2d
Investments
Interest and dividends
4,401
4,401
2e
Other
Expense recoveries
617
Other income
89
706
TOTAL INCOME
231,148		 Restricted
Funds
£
-
-
-
-
-
11,888
9,107
-
20,995
-
2,656
-
205
2,861
-
-
-
-
5,587
-
5,587
1,280
1,280
-
-
-
30,723		 Endowment
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
24
24
-
-
-
24		 TOTAL
2024
£
91,000
-
34,021
3,111
5,207
12,304
29,814
1,000
176,457
7,905
3,525
1,084
809
13,323
27,854
17
2,431
21,200
8,872
5,330
-
65,704
5,705
5,705
617
89
706
261,895		 TOTAL
2023
£
91,000
-
16,508
3,197
4,037
17,062
26,360
6,345
164,509
6,024
3,546
873
746
11,189
26,697
17
2,549
19,400
7,999
5,521
-
62,183
4,408
4,408
692
4,279
4,971
247,260

Page 15 of 29

Abbots Langley PCC Annual Report and Financial Statements 2024

3 EXPENDITURE ON

Note
Unrestricted
Funds
£
3a
Raising funds
Fete expenses
120
Social events
819
Fund-raising expenses
379
40 Kindersley Way Costs
5
3,886
5,204
3b
Church Actvites
Grants and donatons
6
9,512
Quota – stpends (Incumbent)
37,296
Quota – Housing (Curate)
(9,300)
Quota – ministry support
62,007
Curate Housing
19,057
Salaries and wages
7
17,249
Vicar's expenses
1,842
Curate's expenses
925
Clergy assistants' expenses
43
Service expenses
4,051
Seekers, children and youth work
1,204
Magazine, Bookstall and other actvites
8
2,749
Adult Mission and training
1,054
Property running expenses
9
16,401
Property maintenance
10
4,685
New building work
-
Churchyard costs
11
-
Church hall costs
12
23,615
Ofce costs
7,571
Organist and Director of Music fees
7,573
Miscellaneous
284
Bank charges
174
Legal and Professional fees
1,500
Independent examiner's fee
930
210,422
TOTAL EXPENDITURE
215,626		 Restricted
Funds
£
587
-
-
-
587
25,355
-
-
-
-
-
-
-
-
-
-
696
-
-
9,458
-
4,955
-
-
-
-
22
-
-
40,486
41,073		 Endowment
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 TOTAL
2024
£
707
819
379
3,886
5,791
34,867
37,296
(9,300)
62,007
19,057
17,249
1,842
925
43
4,051
1,204
3,445
1,054
16,401
14,143
-
4,955
23,615
7,571
7,573
284
196
1,500
930
250,908
256,699		 TOTAL
2023
£
591
876
542
4,658
6,667
23,842
36,108
(4,656)
63,958
15,679
14,330
1,676
270
-
4,480
981
4,638
866
18,219
26,473
-
1,683
26,511
6,491
4,420
115
183
4,212
900
251,379
258,046

4 ANALYSIS OF COLLECTIONS

Abbots Langley
8.00 am
9.30 am
6.30 pm
Baptsms
Weddings
Funerals
Other
Bedmond
Charity Collectons
Gif Aid Recovery		 Unrestricted
Funds
£
-
45
154
775
442
142
1,987
819
-
843
5,207		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-		 Endowment
Funds
£
-
-
-
-
-
-
-
-
-
-
-		 TOTAL
2024
£
-
-
45
154
775
442
142
1,987
819
-
843
5,207		 TOTAL
2023
£
-
-
54
-
1,022
127
-
1,798
434
110
492
4,037

Page 16 of 29

Abbots Langley PCC Annual Report and Financial Statements 2024

5
40 KINDERSLEY WAY COSTS
General Maintenance
Insurance
Rent management fees
6
CHARITABLE DONATIONS
6b
Christan Relief & Development
Malawi
6c
Home Missions &
other Church Societes
Watord Schools Trust
6d
Secular Charites
Citzens Advice Service in Three Rivers
Emergency Appeals
Food Bank
Hospice St Francis
Poppy Appeal
Peace Hospice
Abbots Langley Carers
Breakespeare School
New Hope Trust		 Unrestricted
Funds
£
913
503
2,470
3,886
Unrestricted
Funds
£
-
120
9,192
-
170
-
30
-
-
-
-
9,392
9,512		 Restricted
Funds
£
-
-
-
-
Restricted
Funds
£
23,075
1,140
-
-
-
-
-
-
1,140
-
-
1,140
25,355		 TOTAL
2024
£
913
503
2,470
3,886
TOTAL
2024
£
23,075
1,260
9,192
-
170
-
30
-
1,140
-
-
10,532
34,867		 TOTAL
2023
£
2,081
482
2,095
4,658
TOTAL
2023
£
10,994
125
9,192
1,121
10
-
-
-
-
1,200
1,200
12,723
23,842

Page 17 of 29

Abbots Langley PCC Annual Report and Financial Statements 2024

6 CHARITABLE DONATIONS cont.

In addition to the above charity distributions the Parish has organised the following charitable collections.

DEC Turkey Earthquake
North Africa Floods
Peace Hospice
MacMillan cancer
7
STAFF COSTS
Wages and salaries
Employer's NI contributons
Pension costs
Childrens Society, Christngles		 2024
£
214
-
-
75
281
570
2024
£
15,677
-
1,572
17,249		 2023
£
330
436
301
-
-
1,067
2023
£
13,020
-
1,310
14,330

During the year the PCC employed a Parish Administrator who did not earn more than £60,000 p.a.. No member of the PCC received any reimbursement of expenses or remuneration while acting in their capacity as a member of the PCC.

Abbots Langley PCC participates in the Pension Builder Scheme section of Church Workers Pension Fund (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: the Defined Benefits Scheme , and the Pension Builder Scheme, which has two subsections: a deferred annuity section known as Pension Builder Classic, and, a cash balance section known as Pension Builder 2014.

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 defined contribution scheme. The pensions costs charged to the SoFA in the year are the contributions payable (2024: £1,572, 2023: £1,310)

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 2025, the Board chose to grant a discretionary bonus of 6.7% 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 2006 service so that the pension increase was 2.7% (where usually it would be calculated based on inflation up to 2.5%). This followed improvements in the funding position over 2024. 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 due as at 31 December 2025.

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

Page 18 of 29

Abbots Langley PCC Annual Report and Financial Statements 2024

8

MAGAZINE, BOOKSTALL etc.

Magazine
Bookstall
Book of Remembrance
Flowers
Magazine
Bookstall
Book of Remembrance
Flowers		 Unrestricted
Funds
£
2,184
-
565
-
2,749
Income
2,431
17
550
586
3,584		 Restricted
Funds
£
-
-
-
696
696
Expenditure
(2,184)
-
(565)
(696)
(3,445)		 Endowment
TOTAL
Funds
2024
£
£
-
2,184
-
-
-
565
-
696
-
3,445
Surplus/(Defcit)
2024
2023
247
222
17
(83)
(15)
145
(110)
(320)
139
(36)		 TOTAL
2023
£
2,327
100
1,329
882
4,638

9 RUNNING EXPENSES

Abbots Langley
Insurance
Heatng
Lightng
Water
Caretaker
Bedmond
Insurance
Heatng and Lightng
Water		 Unrestricted
Funds
£
4,133
4,732
2,644
342
2,136
13,987
423
1,782
209
2,414
16,401		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-		 Endowment
Funds
£
-
-
-
-
-
-
-
-
-
-
-		 TOTAL
2024
£
4,133
4,732
2,644
342
2,136
13,987
423
1,782
209
2,414
16,401		 TOTAL
2023
£
4,144
5,971
2,831
232
2,136
15,314
448
2,322
135
2,905
18,219

The costs associated with 40 Kindersley Way are detailed in note 5

Page 19 of 29

Abbots Langley PCC Annual Report and Financial Statements 2024

10 MAINTENANCE

Abbots Langley
General Maintenance
Major repairs
Breakspeare room
Organ tuning
Architect's fee
Bedmond
General Maintenance
Major repairs
Architect's fee		 Unrestricted
Funds
£
3,606
-
-
643
-
4,249
436
-
-
436
4,685		 Restricted
Funds
£
3,368
3,696
-
-
2,394
9,458
-
-
-
9,458		 Endowment
Funds
£
-
-
-
-
-
-
-
-
-
-		 TOTAL
2024
£
6,974
3,696
-
643
2,394
13,707
436
-
-
436
14,143		 TOTAL
2023
£
4,100
16,187
-
583
2,864
23,734
2,739
-
-
2,739
26,473

The costs associated with 40 Kindersley Way are detailed in note 5

11 CHURCHYARD EXPENDITURE

Repairs
Grass cutng
Petrol and oil
Tree lopping
Equipment
Miscellaneous		 Unrestricted
Funds
£
-
-
-
-
-
-
-		 Restricted
Funds
£
1,654
-
128
3,060
-
113
4,955		 Endowment
Funds
£
-
-
-
-
-
-
-		 TOTAL
2024
£
1,654
-
128
3,060
-
113
4,955		 TOTAL
2023
£
1,471
-
132
80
-
-
1,683

During the year the PCC received a grant of £3,000 from Abbots Langley Parish Council towards the cost of maintaining the churchyard, and a grant of £130 from the Commonwealth War Graves trust.

Page 20 of 29

Abbots Langley PCC Annual Report and Financial Statements 2024

12 CHURCH HALL EXPENDITURE

Cleaner
Heatng
Lightng
Water
General Maintenance
Major repairs
Insurance
Miscellaneous		 Unrestricted
Funds
£
3,262
1,314
1,773
332
8,556
5,231
3,082
65
23,615		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-		 TOTAL
2024
£
3,262
1,314
1,773
332
8,556
5,231
3,082
65
23,615		 TOTAL
2023
£
3,188
2,317
1,580
232
2,487
13,137
2,911
659
26,511

13 FIXED ASSETS

The Unrestricted Fund Land and Buildings comprises the clergy house at 40, Kindersley Way, Abbots Langley. The property was revalued at 31st December 2020 by YourMove on an open market basis in the sum of £550,000. It was purchased in 1985 at a cost of £112,060.

The Restricted Fund consists of the Church Hall, Church office and the stable block located behind St Lawrence Church. The property, part of which was let throughout 2024 to a local charity, was revalued at 31st December 2010 by Brasier Freeth, Chartered Surveyors in the sum of £550,000 after making allowances for restrictions on its use. Its historic cost was £422,216.

The PCC are not aware of any material changes since the last valuation of the church hall.

GROSS BOOK VALUE
At 1st January 2024
Additons
Disposals
Revaluaton
At 31st December 2024
DEPRECIATION
At 1st January 2024
Charge for the year
Eliminated on disposal
At 31st December 2024
NET BOOK VALUE
At 31st December 2024
At 31st December 2023		 Freehold land and buildings
Unrestricted
Restricted
£
£
550,000
550,000
-
-
-
-
-
-
550,000
550,000
-
-
-
-
-
-
-
-
550,000
550,000
550,000
550,000		 Total
£
1,100,000
-
-
-
1,100,000
-
-
-
-
1,100,000
1,100,000

Page 21 of 29

Abbots Langley PCC Annual Report and Financial Statements 2024

14 FIXED ASSET INVESTMENTS

Market
Value
2023
£
CBF Investment Fund
1,446
War Memorial Fund (Endowment)
CBF Investment Fund
256
Church Hall Fund (Endowment)
CBF Investment Fund
252
Church Hall Fund (Endowment)
CBF Investment Fund
19,592
Church Hall Fund (Endowment)
CBF Investment Fund
18,779
Church Hall Fund (Restricted)
40,325
15
FINANCIAL INSTRUMENTS
Carrying amount of financial assets
Debt instruments measured at amortised cost
Carrying amount of financial liabilities
Measured at amortised cost
16
DEBTORS AND PREPAYMENTS
Income tax recoverable
Prepayments and accrued income
17
CURRENT ASSET INVESTMENTS
DBF Deposit Fund
War Memorial (Restricted)
DBF Deposit Fund
Churchyard (Restricted)
18
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR
Accruals and deferred income
Other Creditors		 Income
£
-
-
21
-
21		 Withdrawal
£
-
-
-
-
-
-
2024
£
33,054
25,572
2024
£
15,331
17,723
33,054
2024
£
2,067
13,460
15,527
2024
£
11,021
14,551
25,572		 Change in
Market
Value
£
33
6
-
997
430
1,466		 Market
Value
2024
£
1,479
262
273
20,589
19,209
41,812
2023
£
44,403
20,592
2023
£
24,987
19,416
44,403
2023
£
1,924
12,781
14,705
2023
£
8,773
11,818
20,591

Page 22 of 29

Abbots Langley PCC Annual Report and Financial Statements 2024

19 UNRESTRICTED FUNDS

Fund Name
note
General
a
Fixed Assets
b
Property Reserve
c
St Lawrence
d
Hall Refurb
Total £		 Balance
Income
Expenditure
Gains
Transfers
Balance
1st Jan 2024
31st Dec 2024
£
£
£
£
£
£
107,005
221,185
(208,815)
-
(12,993)
106,382
568,778
-
-
-
(18,778)
550,000
32,399
1,838
-
-
-
34,237
2,099
625
-
-
-
2,724
1,580
7,500
(6,811)
-
-
2,269
711,861
231,148
(215,626)
-
(31,771)
695,612		 Represented by assets:
Fixed
Net Current
Total
£
£
£
-
106,382
106,382
550,000
-
550,000
-
34,237
34,237
-
2,724
2,724
-
2,269
2,269
550,000
145,612
695,612

The Unrestricted Funds comprise the General Fund which accounts for the day-to-day income and expenditure of the Church and the following designated funds

Page 23 of 29

Abbots Langley PCC Annual Report and Financial Statements 2024

20 RESTRICTED FUNDS Charitable Church Church War Memorial Church War Memorial Fete Flower Legacy Restricted Youth Malawi TOTAL
Fund Hall Yard Fund Fund Fund Fund Fund Property Fund Fund
£ £ £ £ £ £ £ £ £ £ £
Balance at 1st January 2024 2 550,000 3,463 1,661 9 285 897 - 4 18,653 574,974
Income (3) - 5,283 167 2,843 586 - 9,800 - 12,047 30,723
Expenditure - - (4,955) - (2,869) (696) - (9,459) - (23,094) (41,073)
Gain on fxed assets and investments - 430 - - - - - - - - 430
Transfer between restricted funds - - - - - - - - - -
Transfer from other funds 2 18,778 12,166 808 17 - - - - - 31,771
Balance at 31st December 2024 1 569,208 15,957 2,636 - 175 897 341 4 7,606 596,825
Represented by:
Fixed Assets - 569,208 - - - - - - - - 569,208
Net Current Assets 1 - 15,957 2,636 - 175 897 341 4 7,606 27,617
1 569,208 15,957 2,636 - 175 897 341 4 7,606 596,825

The Restricted Funds comprise the following funds:

Page 24 of 29

Abbots Langley PCC Annual Report and Financial Statements 2024

21
2024 ENDOWMENT FUNDS
Balance at 1st January 2024
Income
Expenditure
Gain on fxed assets and investments
Balance at 31st December 2024
Represented by:
Fixed Assets
Net Current Assets
22
2024 ANALYSIS OF NET ASSETS BY FUND
Fixed Assets
Net Current Assets		 Unrestricted
Funds
£
550,000
145,612
695,612		 Church Hall
Fund
£
20,100
24
-
1,003
21,127
21,123
4
21,127
Restricted
Funds
£
569,208
27,617
596,825		 War Memorial
Fund
£
1,446
-
-
33
1,479
1,479
-
1,479
Endowment
Funds
£
22,602
4
22,606		 TOTAL
£
21,546
24
-
1,036
22,606
22,602
4
22,606
TOTAL
£
1,141,810
173,233
1,315,043

23 TRANSFERS BETWEEN FUNDS

At the end of 2024 transfers were made to the Charity, and Fete restricted funds to cover the end of year shortfalls totalling £19. A transfer was made to the Church Hall fund to correct an error in the assignment of a fixed asset investment. Transfers were made to the Churchyard and War Memorial funds to correct an assignment error when these accounts were set up.

24 ASSOCIATED CHARITIES

The Friends of St. Lawrence is a separately constituted charity which exists to provide support to the PCC in its maintenance of the church fabric of St. Lawrence.

During the year grants totalling £7,483 were made by the Friends towards the costs of : tower clock repairs, south porch restoration, and lightning conductor repirs.

The Friends of The Tin Church is a separately constituted organisation which exists to provide support to the PCC in its maintenance of the church fabric of The Church of the Ascension.

25 INDEMNITY INSURANCE

The PCC has purchased indemnity insurance to indemnify the PCC and youth leaders from claims arising from PCC organised activities including youth group activities.

Page 25 of 29

Abbots Langley PCC Annual Report and Financial Statements 2024

26 STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31st December 2023

INCOME AND ENDOWMENTS FROM:
Donatons and Legacies
Charitable actvites
Other actvites
Investments
Other
TOTAL INCOME
EXPENDITURE ON:
Raising funds
Charitable actvites
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE) BEFORE
GAINS AND LOSSES ON INVESTMENTS
GAINS/(LOSSES) ON REVALUATIONS
GAINS/(LOSSES) ON INVESTMENTS
NET INCOME/(EXPENDITURE)
TRANSFERS BETWEEN FUNDS
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
TOTAL FUNDS BROUGHT FORWARD
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Funds
£
133,666
8,415
57,564
3,664
2,347
205,656
5,803
2023 ANALYSIS
212,530
218,333
(12,677)
-
1,615
(11,062)
(2,246)
(13,308)
725,169
711,861		 Restricted
Endowment
TOTAL
Funds
Funds
2023
£
£
£
30,843
-
164,509
2,774
-
11,189
4,619
-
62,183
729
15
4,408
2,624
-
4,971
41,589
15
247,260
864
-
6,667
OF NET ASSETS BY FUND comparatve
38,849
-
251,379
39,713
-
258,046
1,876
15
(10,786)
-
-
-
-
2,304
3,919
1,876
2,319
(6,867)
2,246
-
-
4,122
2,319
(6,867)
570,852
19,227
1,315,248
574,974
21,546
1,308,381		 TOTAL
2022
£
151,565
11,737
65,151
1,696
2,613
232,762
6,880
198,621
205,501
27,261
-
(4,223)
23,038
-
23,038
1,292,210
1,315,248

Page 26 of 29

Abbots Langley PCC Annual Report and Financial Statements 2024

27 27 2023 UNRESTRICTED FUNDS comparative

Fund Name
General
Fixed Assets
Property Reserve
St Lawrence
Hall Refurb
Total £		 Balance
Income
ExpenditureGains
Transfers
Balance
1st Jan 2023
31st Dec 2023
£
£
£
£
£
£
107,326
203,460 (205,196)
-
1,415
107,005
567,163
-
-
1,615
-
568,778
30,816
1,583
-
-
-
32,399
2,099
-
-
-
-
2,099
17,765
613
(13,137)
-
(3,661)
1,580
725,169
205,656 (218,333)
1,615
(2,246)
711,861		 Represented by assets:
Fixed
Net Current
Total
£
£
£
-
107,005
107,005
568,778
-
568,778
-
32,399
32,399
-
2,099
2,099
-
1,580
1,580
568,778
143,083
711,861

Page 27 of 29

Abbots Langley PCC Annual Report and Financial Statements 2024

28
RESTRICTED FUNDS 2023 comparatve
Balance at 1st January 2023
Income
Expenditure
Gain on fxed assets and investments
Transfer between restricted funds
Transfer from other funds
Balance at 31st December 2023
Represented by:
Fixed Assets
Net Current Assets		 Charitable
Church
Church
War Memorial
Fete
Flower
Legacy
Restricted
Youth
Malawi
TOTAL
Fund
Hall
Yard Fund
Fund
Fund
Fund
Fund
Property
Fund
Fund
£
£
£
£
£
£
£
£
£
£
£
149
550,000
1,520
1,562
19
605
-
1,208
751
15,038
570,852
712
-
3,626
99
3,257
562
1,345
17,371
-
14,617
41,589
(1,123)
-
(1,683)
-
(3,267)
(882)
(448)
(20,014)
(1,294)
(11,002)
(39,713)
-
-
-
-
-
-
-
-
-
-
0
-
-
-
-
-
-
-
-
-
-
0
264
-
-
-
-
-
-
1,435
547
-
2,246
2
550,000
3,463
1,661
9
285
897
-
4
18,653
574,974
-
550,000
-
-
-
-
-
-
-
-
550,000
2
-
3,463
1,661
9
285
897
-
4
18,653
24,974
2
550,000
3,463
1,661
9
285
897
-
4
18,653
574,974

Page 28 of 29

Abbots Langley PCC Annual Report and Financial Statements 2024

29
2023 ENDOWMENT FUNDS comparatve
Church Hall
Fund
£
Balance at 1st January 2023
17,906
Income
15
Expenditure
-
Gain on fxed assets and investments
2,179
Balance at 31st December 2023
20,100
Represented by:
Fixed Assets
20,100
Net Current Assets
-
20,100
30
2023 ANALYSIS OF NET ASSETS BY FUND comparative
Unrestricted
Restricted
Funds
Funds
£
£
Fixed Assets
568,778
550,000
Net Current Assets
143,083
24,974
711,861
574,974		 War Memorial
Fund
£
1,321
-
-
125
1,446
1,446
-
1,446
Endowment
Funds
£
21,546
-
21,546		 TOTAL
£
19,227
15
-
2,304
21,546
21,546
-
21,546
TOTAL
£
1,140,324
168,057
1,308,381

Page 29 of 29