OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← The Parochial Church Council Of The Ecclesiastical Parish Of St. Leonard's, Chesham Bois

2023-12-31-accounts

St Leonard’s Church Chesham Bois

==> picture [294 x 294] intentionally omitted <==

TRUSTEES’ ANNUAL REPORT & ACCOUNTS For the Year Ended 31[st] December 2023

Registered Charity Number 1134113

Contents

Trustees’ Annual Report Pages 1-11 Independent Examiner’s Report Page 12 Statement of Financial Activities Pages 13-23

ST LEONARD’S CHURCH, CHESHAM BOIS TRUSTEES’ REPORT & ACCOUNTS FOR THE YEAR ENDED 31[st] DECEMBER 2023

==> picture [40 x 39] intentionally omitted <==

ST LEONARD’S CHURCH, CHESHAM BOIS

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31[st] DECEMBER 2023

REGISTERED CHARITY 1134113

OBJECTIVES & ACTIVITIES

The primary object of the PCC is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England.

The PCC has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic and social.

We focus on Jesus because he defines our identity. The Father shows us what to do, we trust him in all circumstances and we expect to see the Kingdom manifest. We seek to maintain the values, vision and mission of the Parish.

Quinquennial inspection repairs are normally addressed along with other items including ongoing maintenance items.

The PCC also has ongoing maintenance responsibility for the Parish Centre and 19 Stubbs End Close.

CHURCH ACTIVITIES

Sunday
January - May
June - December		 8.00am
9.00am
10.30am
7.00pm
8.30am
10.30am
7.00pm		 BCP Holy Communion in Church (online and in person)
Morning Prayer or Holy Communion in Church (online and in person)
Family Celebration in Beacon School
Encounter (Fortnightly) in Church
Morning Prayer or BCP Holy Communion in Church (online and in person)
Family Celebration in Church (online and in person)
Encounter(Fortnightly)in Church

A variety of other meetings and youth and children’s activities took place during the week including other services, fellowship groups and young people’s and children’s meetings as below.

Maryland Pre-School Nursery Youth and Children’s activities Home groups Training Prayer groups

We rely very heavily upon and are indebted to the voluntary effort and resources of our membership, particularly those who support the youth minister and children’s minister to run all the activities on Sundays as well as during the week. We are grateful for the voluntary effort of the teams that look after the flowers, welcome teams, hospitality and all those others who perform many and varied tasks in and around the parish. We continue to provide online services to those who are unwell or receiving treatment.

Page 4

ST LEONARD’S CHURCH, CHESHAM BOIS TRUSTEES’ REPORT & ACCOUNTS FOR THE YEAR ENDED 31[st] DECEMBER 2023

==> picture [40 x 39] intentionally omitted <==

PUBLIC BENEFIT

The PCC has referred to the guidance in the Charity Commission’s General Guidance on Public Benefit when reviewing its aims and objectives and in planning its future activities. In particular the PCC considers how planned activities will contribute to the aims and objectives it has set.

The Church of St. Leonard’s Chesham Bois has a public duty and charge to the ‘cure of souls’ for the associated ecclesiastical parish. The overall ministry and work of the PCC, the clergy and staff routinely embraces this charge. All services and the majority of activities are accessible and open to our local and wider community with the sermons also available online. As an Anglican Church we serve parishioners through arranging baptism, funeral, and wedding ceremonies which includes wedding preparation. We recognise that in following Jesus it is possible to live in a community that not only builds up and strengthens our members but can also be a blessing to the wider community in which we live. Normal activities would include involvement and integration with Chesham Bois CE School, including curriculum support, pastoral support and school assemblies. The pupils also visit the church for services four times a year, Harvest, Christmas, Easter and end of year.

ACHIEVEMENTS & PERFORMANCE

The Electoral Roll was updated in March 2023 for the APCM and recorded 144 members.

In 2023 there were: -

0 Baptisms 0 Dedications 2 Weddings 8 Funerals

Our understanding is that as Christians, our life together is expressed in community and this is most readily realised in smaller group meetings beyond Sunday services. These groups are committed to realising in practice the values of the church. We have 7 adult home groups and 2 youth groups.

STAFF AND LEADERSHIP

The staff and leadership teams comprise:

Laurie Clow
Chris Clare
Ruth Leach
Alice Somervell
Bekki Hadley
Jonny Somervell
Jackie Lambert
Peter Flory
Diana Wright
Denise Kolb
Rebecca Flory
Jane Pepler		 Laurie Clow
Chris Clare
Ruth Leach
Alice Somervell
Bekki Hadley
Jonny Somervell
Jackie Lambert
Peter Flory
Diana Wright
Denise Kolb
Rebecca Flory
Jane Pepler
Laurie Clow
Chris Clare
Ruth Leach
Alice Somervell
Bekki Hadley
Jonny Somervell
Jackie Lambert
Peter Flory
Diana Wright
Denise Kolb
Rebecca Flory
Jane Pepler		 Rector
Associate Minister (January to July)
Office Manager, Freedom Prayer Coordinator and Rector’s PA
Administrator and Events Coordinator (maternity leave November &
December)
Children & Families Worker
Worship Pastor/Youth Worship/Youth Pastor
Licensed Lay Minister
Licensed Lay Minister
Prophet
Safeguarding Officer
Maryland Manager
Deputy Maryland Manager

Page 5

ST LEONARD’S CHURCH, CHESHAM BOIS TRUSTEES’ REPORT & ACCOUNTS FOR THE YEAR ENDED 31[st] DECEMBER 2023

==> picture [40 x 39] intentionally omitted <==

PCC

The PCC met 7 times during the year. The average level of attendance was 88%. Matters considered during the year are tabulated below.

Budgets and expenditure Health and Safety, Risk Assessments and Safeguarding Maryland – intake numbers, staff ratios, staff and children’s wellbeing and closure Financial matters including CCT property rentals, staff costs Mission and our Kingdom Partners Children’s and Youth work Worship matters Church Property Maintenance Staff Matters including office members PCC Committees Parish Centre redevelopment Parish Council Office rental in the parish centre Church weekend away One-off Financial gifts and support of Church members and other Churches, Budgets. The feel and style of the existing Church services Ongoing support of Jesus Ministries Deanery Synod updates Laurie’s sabbatical in early 2023

MISSION & TRAINING

The church membership were involved with the following activities during the course of the year: -

Seniors’ Ministry with other churches in Amersham Freedom Prayer Wedding Preparation Junior Children’s’ Holiday Activities

These and other activities are fully reported in the APCM Annual Report Booklet.

Page 6

ST LEONARD’S CHURCH, CHESHAM BOIS TRUSTEES’ REPORT & ACCOUNTS FOR THE YEAR ENDED 31[st] DECEMBER 2023

==> picture [40 x 39] intentionally omitted <==

FINANCIAL REVIEW

The PCC accounts for the year 2023 are attached and have been duly examined and approved.

The accounts indicate a decrease in the level of income in 2023 over 2022 and a decrease in the expenditure of the Council in 2023 over 2022.

The overall normal expenditure is greater than normal income.

The ongoing financial commitments of the PCC are related to the continued ministry of the church, its members and payment of employed staff that support them and to the maintenance and fabric of the buildings.

In 2023, one Intern and one children and families worker were housed in 19 Stubbs End Close. Council tax for 19 Stubbs End Close is met by the PCC. This property is occupied by annual licence from the Chiltern Christian Trust.

The PCC did not pay the Parish Share in full in 2023.

In July 2023 the PCC took the decision to close Maryland Pre-School at the end of December 2023 as it had not been viable for some time. This involved significant expenditure on redundancies and will impact the income of the Parish Centre going forwards.

The PCC Parish Centre Fund sustained a loss at the end of the year. This, like the church building costs, has been heavily impacted by rising fuel costs. The PCC are actively involved in negotiations to increase rental income.

RESERVES POLICY

In January 2021, the PCC set the reserve policy level at £60,000 following the annual review.

This is set at a suitable amount to cover general operational expenditure for three months excluding the Parish Share.

At the end of 2023 the general unrestricted funds available to the PCC amounted to £19,066.57. The PCC recognises that this figure is below the stated reserve policy level, but considers the church viable as a number of cost-cutting measures were discussed and some were introduced during 2023.

Page 7

ST LEONARD’S CHURCH, CHESHAM BOIS TRUSTEES’ REPORT & ACCOUNTS FOR THE YEAR ENDED 31[st] DECEMBER 2023

==> picture [40 x 39] intentionally omitted <==

STRUCTURE, GOVERNANCE & MANAGEMENT

The Parochial Church Council (PCC) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC became a registered charity with the Charity Commission on the 5[th] February 2010.

Members of the PCC are either ex-officio, elected by the Annual Parochial Church Meeting (APCM) or co-opted in accordance with the Church Representation Rules.

Policies and procedures for Health & Safety, Disability Discrimination legislation and Safeguarding are regularly reviewed. The PCC applies the Diocese of Oxford Safeguarding Policy and the Safeguarding Representative is Denise Kolb.

A review of the major risks was undertaken and a risk register with action plan exists and is held by the Office Manager.

Illustrative diagram showing the current structures, roles and responsibilities.

==> picture [341 x 481] intentionally omitted <==

Page 8

ST LEONARD’S CHURCH, CHESHAM BOIS TRUSTEES’ REPORT & ACCOUNTS FOR THE YEAR ENDED 31[st] DECEMBER 2023

==> picture [40 x 39] intentionally omitted <==

The PCC operated with five main committees in 2023

Standing Committee
Chair: Rector
Mission Committee
Chair: Chris Clare Jan to
Jul; Rector Aug onwards
Fabric Committee
Chair: Rector
Safeguarding Committee
Chair: Chris Clare Jan to
Jul. Rector Aug onwards
Maryland Committee
Chair: Andrea Hayers
Standing committee is the executive committee of the PCC. It has power
to transact the business of the PCC between PCC meetings, subject to any
parameters set by the Council including spending up to £400. Standing
committee shapes the agenda for PCC meetings.
This committee oversees the mission support function of the Church,
supporting individuals, societies and projects at home and overseas. It
recommends the allocation of funds to the PCC and is responsible for the
distribution of these monies.
This committee oversees the repair and maintenance of all the church
properties advising and making recommendations to the PCC.
This committee oversees the safeguarding of all activities within the
church and ensures it adheres to Diocesan policy and the law.
This committee oversees the operational running of the Maryland Pre-
School.

Page 9

ST LEONARD’S CHURCH, CHESHAM BOIS TRUSTEES’ REPORT & ACCOUNTS FOR THE YEAR ENDED 31[st] DECEMBER 2023

==> picture [40 x 39] intentionally omitted <==

REFERENCE & ADMINISTRATIVE DETAILS

Full Name The Parochial Church Council of St. Leonard’s Chesham Bois
Church Address High Bois Lane, Chesham Bois, Amersham, Buckinghamshire, HP6 6DG
Correspondence The Church Office, Parish Centre, Glebe Way, Chesham Bois, Amersham,
Address Buckinghamshire, HP6 5ND
Bank Address TSB Bank, PO Box 373, Leeds, LS14 9GQ
Independent Nicola Anderson FCA FCIE, 189 Baldwins Lane, Croxley Green, Rickmansworth, Herts.
Examiner WD3 3LL
Rector Revd Laurie Clow

MEMBERSHIP OF THE PAROCHIAL CHURCH COUNCIL DURING 2023

Rector (Chairman) Revd Laurie Clow
Self-Supporting Minister Revd Chris Clare - (Jan - Jul)
Licensed Lay Ministers Jackie Lambert Peter Flory
Churchwardens Choi van Rest (Jan - Apr) Cathy Baldwin (Jan - Apr)
Samantha McEwen (Apr - Dec)
Alison Greenhalgh (Apr - Dec)
PCC Secretary Adrian Dunn (Jan - Apr) Gillian Hafner (Apr - Dec)
PCC Treasurer Katie Flory
Diocesan Representatives Peter Flory
Deanery Representatives Jackie Lambert Peter Flory
Lay Representatives Elected
2020 Katie Flory Jenny Robinson~ Adrian Dunn¤
Alison Greenhalgh Edoardo Cavallo¤
2021 Marion Campbell-Brown Andrew Pimenta¤ Malcolm Hafner
Samantha McEwen
2022 Alan Lewis
2023 Stephen Pimenta* Tom Brewer* Paul Evans*
Gillian Hafner* Jennifer Sawyer*
~ Until 6th June 2023
¤ Until 17th April 2023
* From APCM Meeting 17th April 2023

Page 10

ST LEONARD’S CHURCH, CHESHAM BOIS TRUSTEES’ REPORT & ACCOUNTS FOR THE YEAR ENDED 31[st] DECEMBER 2023

==> picture [40 x 39] intentionally omitted <==

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The members of the Parochial Church Council are required to prepare financial statements each year. These give a true and fair view of the Parochial Church Council’s financial activities during the year and of its financial position at year end. In preparing financial statements giving a true and fair view, the members should follow best practice and:

The members of the Parochial Church Council are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the Parochial Church Council and which enable them to ascertain the financial position of the Parochial Church Council and ensure that the financial statements comply with the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014. They are also responsible for safeguarding the assets of the Parochial Church Council and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

RELATED PARTY TRANSACTIONS AND TRUSTEES’ REMUNERATIONS

Statements and details of related transactions can be found in Note 7 of the accounts.

Approved by the Parochial Church Council on 11th March 2024 and signed on their behalf.

Sam McEwen Churchwarden

Page 11

ST LEONARD’S CHURCH, CHESHAM BOIS TRUSTEES’ REPORT & ACCOUNTS FOR THE YEAR ENDED 31[st] DECEMBER 2023

==> picture [40 x 39] intentionally omitted <==

INDEPENDENT EXAMINER’S REPORT

I report to the Trustees on my examination of the accounts of St Leonard’s Church (charity no. 1134113) for the year ended 31 December 2023 as set out on pages 13 – 23.

Responsibilities and basis of report

As the charity trustees of the charity 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 2011 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 2011 Act. I confirm that I am qualified to undertake the examination because I am member of the Institute of Chartered Accountants in England and 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

  2. The accounts do not accord with those records.

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.

Nicola Anderson FCA FCIE

dated:

189 Baldwins Lane Croxley Green Rickmansworth Hertfordshire WD3 3LL

Page 12

ST LEONARD’S CHURCH, CHESHAM BOIS TRUSTEES’ REPORT & ACCOUNTS FOR THE YEAR ENDED 31[st] DECEMBER 2023

==> picture [39 x 39] intentionally omitted <==

STATEMENT OF FINANCIAL ACTIVITIES

Note
Income from:
Incoming resources from donors
2(a)
Other voluntary incoming resources
2(b)
Income from charitable and ancillary trading
2(c)
Other ordinary incoming resources
2(d)
Income from investments
2(e)
Total Income from:
Expenditure on:
Grants
3(a)
Activities directly relating to the work of the church
3(b)
Costs of generating funds
3(c)
Total Expenditure on:
Net Income/ (Expenditure) Resources before Transfer
Transfers
Gross Transfer between Funds - In
Gross Transfer between Funds - Out
Net movement in Funds
Reconciliation of Funds
Total Funds Brought Forward
Total Funds Carried Forward		 Unrestricted
Funds
£
213,391.05
917.54
3,679.96
0.00
1,509.22
219,497.77
25.00
220,486.94
908.09
221,420.03
-1,922.26
88,370.87
-91,729.47
-5,280.86
24,347.43
19,066.57		 Designated
Funds
£
388.38
0.00
74,176.27
0.00
0.00
74,564.65
20,790.00
11,925.83
102,714.04
135,429.87
-60,865.22
95,102.91
-95,426.87
-61,189.18
63,792.88
2,603.70		 Restricted
Funds
£
10,359.93
18,448.77
0.00
0.00
0.00
28,808.70
8,128.57
29,763.65
15.43
37,907.65
-9,098.95
3,682.56
0.00
-5,416.39
9,718.89
4,302.50		 Total Funds
2023
£
224,139.36
19,366.31
77,856.23
0.00
1,509.22
322,871.12
28,943.57
262,176.42
103,637.56
394,757.55
-71,886.43
187,156.34
-187,156.34
-71,886.43
97,859.20
25,972.77		 Unrestricted
Funds
£		 Designated
Funds
£		 Restricted
Total Funds
Funds
2022
£
£
261,304.56
2,136.79
4,546.96
5,021.80
1,390.24
274,400.35
525.00
254,879.25
1,030.21
256,434.46
17,965.89
15.00
-67,532.42
-49,551.53
73,898.96
24,347.43		 2,864.08
0.00
71,969.03
0.00
0.00
74,833.11
24,480.00
40,546.73
90,279.73
155,306.46
-80,473.35
71,469.38
-7,309.50
-16,313.47
80,106.35
63,792.88		 24,732.44
288,901.08
21,942.52
24,079.31
0.00
76,515.99
0.00
5,021.80
0.00
1,390.24
46,674.96
395,908.42
15,561.81
40,566.81
36,717.01
332,142.99
12.55
91,322.49
52,291.37
464,032.29
-5,616.41
-68,123.87
4,195.50
75,679.88
-837.96
-75,679.88
-2,258.87
-68,123.87
11,977.76
165,983.07
9,718.89
97,859.20

Page 13

==> picture [39 x 39] intentionally omitted <==

ST LEONARD’S CHURCH, CHESHAM BOIS

TRUSTEES’ REPORT & ACCOUNTS FOR THE YEAR ENDED 31[st] DECEMBER 2023

BALANCE SHEET

Note
Fixed assets
Photocopier, Boiler, PA equipment
5
Current assets
Debtors
Cash at bank and in hand
Liabilities
Creditors: Amounts falling due in one year
Net current assets less current liabilities
Total assets less current liabilities
Total net assets less liabilities
Represented by
General Fund
General Reserve for Future Activities Fund
Mission Fund
PCC Maryland Fund
PCC Parish Centre Fund
Parish Centre Redevelopment Project Fund
Parish Centre Redevelopment Build Fund
Gifts Specified by Donor
Parish Events Fund
Funds of the church
6		 Unrestricted
£
910.50
910.50
2,478.13		 Designated
£
2,335.18
2,335.18
1,733.06		 Restricted
£
0.00
0.00
12,546.49
-5,908.67
6,637.82
2,335.32
2,335.32
4,302.50
4,302.50
4,302.50
0.00
0.00
0.00
0.00
0.00
0.00
3,365.00
0.00
937.50
4,302.50		 2023
2022
£
£
3,245.68
7,390.38
3,245.68
7,390.38
16,757.68
18,724.45
13,097.67
90,041.63
29,855.35
108,766.08
7,128.26
18,297.26
7,128.26
18,297.26
22,727.09
90,468.82
25,972.77
97,859.20
25,972.77
97,859.20
19,066.57
24,347.43
0.00
88,245.87
2,603.70
2,283.32
0.00
-9,381.17
0.00
-17,568.06
0.00
87.92
3,365.00
3,490.00
0.00
6,353.89
937.50
0.00
25,972.77
97,859.20
18,574.00 432.34
21,052.13 2,165.40
1,896.88
1,896.88
268.52
2,603.70
2,603.70
0.00
0.00
2,603.70
0.00
0.00
0.00
0.00
0.00
0.00
2,603.70
2,896.06
2,896.06
18,156.07
19,066.57
19,066.57
19,066.57
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
19,066.57

These accounts have been approved by the PCC on 11[th] March 2024 and are signed on their behalf by:

Katie Flory Treasurer

Page 14

ST LEONARD’S CHURCH, CHESHAM BOIS TRUSTEES’ REPORT & ACCOUNTS FOR THE YEAR ENDED 31[st] DECEMBER 2023

==> picture [39 x 39] intentionally omitted <==

STATEMENT OF CASH FLOWS

STATEMENT OF CASH FLOWS
Note
Cash flows from operating activities:		 2023
2022
£
£
A
B
Net cash provided by/ (used in) operating activities
Cashflows from investing activities
Interest
Change in cash in year
Cash at beginning of the year
Cash at end of the year		 -78,453.18
-46,669.93
1,509.22
1,390.24
-76,943.96
-45,279.69
90,041.63
135,321.32
13,097.67
90,041.63
A
Reconciliation of net income/(expenditure) to net cash flows
Purchase of Fixed Assets
Net income /(expenditure) for year per the statement of financial activities
Dividends, interest and rents from investments
(Increase)/Decrease in debtors
Increase/(Decrease) in creditors
Depreciation of Fixed Assets
Net cash provided by (used in) operating activities		 0.00
0.00
-71,886.43
-68,123.87
-1,509.22
-1,390.24
1,966.77
8,591.10
-11,169.00
10,108.38
4,144.70
4,144.70
-78,453.18
-46,669.93
B
Analysis of cash and cash equivalents
Cash in hand
Notice deposits (less than 3 months)		 60.96
31.39
13,036.71
90,010.24
13,097.67
90,041.63

Page 15

ST LEONARD’S CHURCH, CHESHAM BOIS TRUSTEES’ REPORT & ACCOUNTS FOR THE YEAR ENDED 31[st] DECEMBER 2023

==> picture [39 x 39] intentionally omitted <==

NOTES TO THE ACCOUNTS

1 ACCOUNTING POLICIES

Basis of Preparation

The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.

Funds

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

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.

Income from:

Income from Donors

Collections are recognised when banked by or on behalf of the PCC. Planned giving is recognised only when received.

Income tax recoverable on 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.

Income from charitable and ancillary trading

Rental income from the letting of church premises is recognised when the rental is received.

Income from investments

Bank interest entitlements are accounted for as they are received.

Page 16

ST LEONARD’S CHURCH, CHESHAM BOIS TRUSTEES’ REPORT & ACCOUNTS FOR THE YEAR ENDED 31[st] DECEMBER 2023

==> picture [39 x 39] intentionally omitted <==

Expenditure on:

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

Grants

Grants and donations are accounted for when paid over, and when allocated by the PCC.

Activities directly relating to the work of the church

The Diocesan parish share is accounted for when paid.

Fixed Assets

Parish Centre

The Parish Centre is held by the Oxford Diocesan Board of Finance for the beneficial ownership of the Rector and Churchwardens. No value is included in the PCC accounts for this asset. In the absence of carrying out a valuation it is not possible to accurately establish the current value of this asset.

Consecrated property and moveable church furnishings

Consecrated and beneficed property is excluded from the accounts by s.10(2)(a)&(c) of the Charities Act 2011. No value is placed on moveable 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 unalienable property. All expenditure incurred during the year on consecrated or benefice buildings or moveable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA.

Other fixtures, fittings and office equipment

Equipment used within the premises, parish centre or other aspects of the church’s work is capitalised where this cost is more than £2,000 and depreciated over 4 years.

Current Assets

Amounts owing to the PCC at 31st December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable. Short-term deposits include cash held on deposit with the bank.

Page 17

==> picture [39 x 39] intentionally omitted <==

ST LEONARD’S CHURCH, CHESHAM BOIS

TRUSTEES’ REPORT & ACCOUNTS FOR THE YEAR ENDED 31[st] DECEMBER 2023

==> picture [546 x 567] intentionally omitted <==

----- Start of picture text -----
Unrestricted Designated Restricted Total Funds
Funds Funds Funds 2023 2022
£ £ £ £ £
2 Income From:
2(a) Incoming resources from donors
Income from Individuals
Bankers Orders 163,331.95 163,331.95 166,439.91
One-Off and Irregular Gifts 5,334.57 5,334.57 42,330.85
Collections 759.00 759.00 616.37
Gift Aid Refund 33,244.78 388.38 3,860.00 37,493.16 46,949.96
GASDS 215.75 419.29 635.04 563.91
Property Rent 1,500.00 1,500.00 1,700.00
Income from Organisations & Trusts 9,005.00 200.00 9,205.00 9,167.21
Parish Weekend Contributions 750.00 750.00 16,002.80
Youth Activities 4,530.64 4,530.64 4,530.07
Home Grown Worship 600.00 600.00 600.00
213,391.05 388.38 10,359.93 224,139.36 288,901.08
2(b) Other voluntary incoming resources
Specified Giving 11,819.62 11,819.62 14,249.84
Special Collections 331.15 331.15 512.00
Sundry 0.00 1,520.42
Donations 693.00 693.00 370.00
Parish Centre Redevelopment 5,200.00 5,200.00 0.00
Collaborative Ministries including Celebrate 224.54 1,098.00 1,322.54 7,180.68
MAD Income 0.00 246.37
917.54 0.00 18,448.77 19,366.31 24,079.31
2(c) Income from charitable and ancillary trading
Maryland 66,814.96 66,814.96 64,898.48
Parish Centre 7,361.31 7,361.31 7,070.55
Bookstall 43.96 43.96 100.96
Wedding Fees 1,300.00 1,300.00 3,015.00
Funeral Fees 2,293.00 2,293.00 1,415.00
Baptisms 43.00 43.00 16.00
3,679.96 74,176.27 0.00 77,856.23 76,515.99
2(d) Other ordinary incoming resources
Legacies 0.00 5,021.80
0.00 0.00 0.00 0.00 5,021.80
2(e) Income from investments
Bank Interest 1,509.22 1,509.22 1,390.24
1,509.22 0.00 0.00 1,509.22 1,390.24
Total Income from: 219,497.77 74,564.65 28,808.70 322,871.12 395,908.42
----- End of picture text -----

Page 18

==> picture [39 x 39] intentionally omitted <==

ST LEONARD’S CHURCH, CHESHAM BOIS TRUSTEES’ REPORT & ACCOUNTS FOR THE YEAR ENDED 31[st] DECEMBER 2023

Unrestricted
Funds
£
3 Expenditure on:
3(a) Grants
Frontiers - Project 1
Frontiers - Project 2
Church Missionary Society - Steve Poulson
Church Missionary Society - Clares
Lunchbowl Network
Oak Church
Tree of Life/Portals
Tear Fund
Restore Hope
Specified Gifts - Non Mission
25.00
Agape Live
25.00
Unrestricted
Funds
£
3(b) Activities directly relating to the work of the church
Parish Share
69,169.19
Insurance
4,986.98
Church Building Costs
6,798.43
Worship Services
2,271.44
Churchyard & Field Maintenance
1,450.00
External Rent & Costs
12,716.64
Home Grown Worship
House Group Materials
Staff Salaries
76,960.63
Staff Training
12.00
Staff Expenses
1,660.65
General Staff Costs
1,228.35
Housing - 19 Stubbs End Close
22,856.36
LLM Costs
150.00
Youth Ministry
1,007.10
Children's Ministry
2,063.48
Transforming Lives for Good
Seniors' Ministry
36.84
Rectory
1,960.00
Safeguarding
132.10
Baptisms
487.72
Weddings
1,308.09
Funerals
2,101.95
Speaker Fees
250.00
Chesham Bois School
595.90
Lay Training
295.32
Outreach
48.50
Living in Freedom/School of the Prophetic
Office Costs
2,644.51
IT Hardware, Software & Website
2,351.79
Equipment Depreciation (Photocopier)
899.00
Equipment Depreciation (Church PA & Camera)
910.50
Subscriptions & Affiliations
160.00		 Designated
Funds
£
6,120.00
3,060.00
1,750.00
3,000.00
3,000.00
3,060.00
800.00
20,790.00
Designated
Funds
£
602.53		 Restricted
Funds
£
31.25
270.94
118.00
7,708.38
8,128.57
Restricted
Funds
£
3,781.80
6,000.00
5,085.23		 Total Funds
2023
2022
£
£
0.00
3,480.00
6,120.00
6,000.00
3,060.00
3,000.00
1,750.00
3,000.00
3,031.25
3,260.00
3,000.00
4,250.00
3,060.00
3,000.00
270.94
1,000.00
118.00
1,749.69
7,733.38
11,827.12
800.00
0.00
28,943.57
40,566.81
Total Funds
2023
2022
£
£
69,169.19
83,513.23
4,986.98
4,545.51
6,798.43
17,615.68
2,271.44
2,092.79
1,450.00
1,830.00
12,716.64
18,825.29
3,781.80
1,215.00
0.00
84.00
82,960.63
80,050.63
12.00
135.00
1,660.65
2,461.35
1,830.88
2,241.55
22,856.36
19,105.56
150.00
138.00
6,092.33
9,676.58
2,063.48
1,726.46
0.00
600.00
36.84
104.04
1,960.00
2,140.00
132.10
328.00
487.72
588.29
1,308.09
2,038.30
2,101.95
1,314.00
250.00
100.00
595.90
543.05
295.32
24.00
48.50
420.01
0.00
173.49
2,644.51
2,910.75
2,351.79
1,432.78
899.00
899.00
910.50
910.50
160.00
170.00

Page 19

==> picture [39 x 39] intentionally omitted <==

ST LEONARD’S CHURCH, CHESHAM BOIS

TRUSTEES’ REPORT & ACCOUNTS FOR THE YEAR ENDED 31[st] DECEMBER 2023

Independent Examination Fee
Publicity
General Miscellaneous
General Catering
Other Parish Socials
Collaborative Ministries including Celebrate
Parish Centre Redevelopment
Parish Weekend
3(c) Costs of generating funds
Maryland
Parish Centre
Parish Centre Boiler Depreciation
Bookstall
Bank Charges
Total Expenditure on:		 Unrestricted
Funds
£
1,000.00
43.99
164.47
197.07
31.51
1,536.43
220,486.94
Unrestricted
Funds
£
270.43
637.66
908.09
221,420.03		 Designated
Funds
£
11,323.30
11,925.83
Designated
Funds
£
79,313.23
21,065.61
2,335.20
102,714.04
135,429.87		 Restricted
Funds
£
1,396.62
7,000.00
6,500.00
29,763.65
Restricted
Funds
£
15.43
15.43
37,907.65		 Total Funds
2023
2022
£
£
1,000.00
800.00
43.99
-29.22
164.47
1,112.44
197.07
383.26
1,428.13
398.19
8,536.43
11,999.85
17,823.30
32,929.70
0.00
24,595.93
262,176.42
332,142.99
Total Funds
2023
2022
£
£
79,313.23
60,652.21
21,065.61
27,292.32
2,335.20
2,335.20
270.43
363.24
653.09
679.52
103,637.56
91,322.49
394,757.55
464,032.29

Categorisation of Grants (3a)

5 grants totalling £14,790.00 were made to Overseas Mission

1 grant totalling £3,000.00 was made to Home Mission

4 grants totalling £3,339.97 was made to Relief & Development Agencies

6 grants totalling £3,431.00 were made to other charities

2 grants totalling £4,383.00 were to made to individuals

STAFF COSTS (including Maryland)
Salaries
Employer's NI
Pension costs
Maryland Redundancies
Interns
Administrative Staff
Management Staff
Operational Staff
Maryland Play Assistants		 2023
2022
£
£
141,889.21
136,101.00
3,675.48
3,026.48
2,477.29
2,178.77
16,491.44
0.00
164,533.42
141,306.25
1
1
3
3
3
4
0
2
3
3
10
13

4 STAFF COSTS (including Maryland)

Page 20

ST LEONARD’S CHURCH, CHESHAM BOIS TRUSTEES’ REPORT & ACCOUNTS FOR THE YEAR ENDED 31[st] DECEMBER 2023

==> picture [39 x 39] intentionally omitted <==

5 FIXED ASSETS FOR USE BY THE PCC

The PCC does not hold any land or buildings.

Diocesan House holds conveyance documents for the Parish Centre dated 8th September 1938 which shows that the title is held in trust by the Oxford Diocesan Board of Finance for the beneficial ownership of the Rector and Churchwardens.

In September 2023, the PCC renewed a licence to occupy 19 Stubbs End Close for 12 months at a rent of £1,000 per month.

FIXED ASSETS
Cost		 2023
£		 2023
£		 2022
£
At 1st January 2022
Additions - Photocopier
Additions - PC Boiler
Additions - PA Equipment
Disposals
At 31st December 2022		 0.00
0.00
0.00		 16,579.18
0.00
0.00
16,579.18		 16,579.18
0.00
0.00
16,579.18
Depreciation
At 1st January 2023
Charge for the Year - Photocopier
Charge for the Year - PC Boiler
Charge for the Year - PA Equipment
Disposals
At 31st December 2023		 899.00
2,335.20
910.50		 9,188.80
4,144.70
0.00
13,333.50		 5,044.10
4,144.70
0.00
9,188.80
Net Book Value
At 31st December 2023 3,245.68 7,390.38

Page 21

==> picture [39 x 39] intentionally omitted <==

ST LEONARD’S CHURCH, CHESHAM BOIS

TRUSTEES’ REPORT & ACCOUNTS FOR THE YEAR ENDED 31[st] DECEMBER 2023

6 FUNDS

6a FUND DETAILS 2023

Restricted Funds
Specified Giving
Parish Events Fund
Parish Centre Redevelopment Project Fund
Parish Centre Redevelopment Build Fund
Unrestricted Funds
Designated
Mission Fund
Parish Events Fund
General Reserve for Future Activities
PCC Maryland Fund
PCC Parish Centre Fund
Parish Centre Redevelopment Project Fund
Parish Centre Redevelopment Build Fund
General		 Opening
Balances
£
6,353.89
0.00
0.00
3,365.00
9,718.89
2,283.32
0.00
88,245.87
-9,381.17
-17,568.06
87.92
125.00
63,792.88
24,347.43
88,140.31
97,859.20		 Income
£
15,540.56
6,768.14
6,500.00
0.00
28,808.70
251.38
0.00
0.00
66,951.96
7,361.31
0.00
0.00
74,564.65
219,497.77
294,062.42
322,871.12		 Expenditure
£
24,926.25
6,481.40
6,500.00
0.00
37,907.65
20,790.00
0.00
0.00
79,915.76
23,400.81
11,323.30
0.00
135,429.87
221,420.03
356,849.90
394,757.55		 Closing
Transfers
Balances
£
£
3,031.80
0.00
650.76
937.50
0.00
0.00
0.00
3,365.00
3,682.56
4,302.50
20,859.00
2,603.70
0.00
0.00
-88,245.87
0.00
22,344.97
0.00
33,607.56
0.00
11,235.38
0.00
-125.00
0.00
-323.96
2,603.70
-3,358.60
19,066.57
-3,682.56
21,670.27
0.00
25,972.77

6b FUND DETAILS 2022

Restricted Funds
Specified Giving
Parish Events
Parish Centre Redevelopment Project Fund
Parish Centre Redevelopment Build Fund
Unrestricted Funds
Designated
Mission Fund
Parish Events
General Reserve for Future Activities
PCC Maryland Fund
PCC Parish Centre Fund
Parish Centre Redevelopment Project Fund
Parish Centre Redevelopment Build Fund
General		 Opening
Balances
£
8,238.89
373.87
0.00
3,365.00
11,977.76
6.39
0.00
88,245.87
-6,382.94
-2,305.59
417.62
125.00
80,106.35
73,898.96
154,005.31
165,983.07		 Income
£
17,775.51
28,899.45
0.00
0.00
46,674.96
1,283.73
1,530.35
0.00
64,948.48
7,070.55
0.00
0.00
74,833.11
274,400.35
349,233.46
395,908.42		 Expenditure
£
18,822.55
29,273.32
4,195.50
0.00
52,291.37
24,480.00
11,812.53
0.00
60,652.21
29,627.52
28,734.20
0.00
155,306.46
256,434.46
411,740.92
464,032.29		 Closing
Transfers
Balances
£
£
-837.96
6,353.89
0.00
0.00
4,195.50
0.00
0.00
3,365.00
3,357.54
9,718.89
25,473.20
2,283.32
10,282.18
0.00
0.00
88,245.87
-7,294.50
-9,381.17
7,294.50
-17,568.06
28,404.50
87.92
0.00
125.00
64,159.88
63,792.88
-67,517.42
24,347.43
-3,357.54
88,140.31
0.00
97,859.20

See the Financial Review in the Trustees’ Annual Report for details of the deficits in the PCC Maryland Fund and PCC Parish Centre Fund.

Page 22

ST LEONARD’S CHURCH, CHESHAM BOIS TRUSTEES’ REPORT & ACCOUNTS FOR THE YEAR ENDED 31[st] DECEMBER 2023

==> picture [39 x 39] intentionally omitted <==

6 FUNDS (Cont’d)

Restricted Funds

Specified Giving is money given to St Leonard’s to pass on to individuals

or other charities or for specific purposes.

The Parish Centre Redevelopment Build Fund (Capital) was created to facilitate management of the funds required for the Parish Centre site build phase.

The Parish Centre Redevelopment Project Fund was created to facilitate management of the funds required for the Parish Centre site project phase.

Unrestricted - Designated Funds

The Mission Fund is the money tithed by St Leonard’s for mission activities. The Mission Committee handles its distribution.

The General Reserve for future activities was created to hold funds for long term projects.

The PCC Maryland Fund was created to hold designated grants received by the pre-school as well as rolling profits or losses.

The PCC Parish Centre Fund was created to hold the operational rolling profits or losses as well as to build up funds to do repairs and major works as may be needed given the age of the building.

The Events Fund was created to facilitate management of Parish Events.

The Parish Centre Redevelopment Project Fund was created to facilitate management of the funds required for the Parish Centre Parish Centre site project phase.

The General Fund holds the operating monies of the PCC.

7 RELATED PARTY TRANSACTIONS AND TRUSTEES REMUNERATIONS


RELATED PARTY TRANSACTIONS AND TRUSTEES REMUNERATIONS
2023 2022
£ £
No Lay PCC members were paid mileage expenses 0.00 0.00
1 PCC member was paid for the book-keeping of Maryland Pre-School 793.00 884.00
Total giving of PCC members and their spouses 46,130.00 49,699.00

All related parties have signed “Interested Party Declarations” which are on file with the PCC Secretary.

Page 23