## **St Leonard’s Church Chesham Bois** **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** # **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** ## **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** ## **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** ## **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** ## **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. Page 8 **ST LEONARD’S CHURCH, CHESHAM BOIS TRUSTEES’ REPORT & ACCOUNTS FOR THE YEAR ENDED 31[st] DECEMBER 2023** 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** ## **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** ## **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: - select suitable accounting policies and apply them consistently; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards and recommended practice have been followed, subject to any 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 Parochial Church Council will continue in operation. 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** ## **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** ## **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 ## **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** ## **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** ## **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** ## **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 ## **ST LEONARD’S CHURCH, CHESHAM BOIS** ## **TRUSTEES’ REPORT & ACCOUNTS FOR THE YEAR ENDED 31[st] DECEMBER 2023** **----- 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 ## **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 ## **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** ## **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 ## **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** ## **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