Church of England Parochial Church Council Of the Ecclesiastical Parish of Chalfont St. Peter Annual Report and Accounts For the year ending 31st December 2024 Registered Charity No 1146043 Church Office Parish Church Hall Church Lane Chalfont St. Peter Buckinghamshire SL9 9RJ e-mail: office@Csp.church www: httP://csp.church
INDEX SEcnoN TITLE PAGE NO. Objectives and Activities Achievement and Performance Financial Review Structure, Governan & Management Administrative Informatlon Acknowledgements and Approval Independent Examlners Report Statement of Financlal Activitles Balance Sheet Notes to The Flnancial Statements 9-11 li 12 13 14 15-24
ANNUAL REPORT & FINANCIAL ACCOUNTS OF CHALFONT ST. PETER'S PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31ST DECEMBER 2024 The Parochial Church Council of the Ecclesiastical Parish of Chalfont St. Peter Trustee5' Report for the year endlng 31st December 2024 The Trustees present their report with the financial statements of the Charlty for the year ended 31st December 2024. The Trustees have adopted the provision of the Accounting and reporting by Charities Statement of Recommended Practice appllcable to Charities preparlng their accounts In accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS1021 effective I" January 2019. Thls report by your Parochial Church Councll for our Annual Parochlal Church Meeting IAPCMI Is prepared a5 the formal report required to be submitted to the Charity Commission for the year ended 3151 December 2024 and is presented for approval at the APCM, 1.0 OBJEcfivES AND AcfiviTIES Chalfont St. Peter Parochial Church Councll (the PCCI has the responsibility of co-operating with the Incumbent in promoting in the ecclesiastlcal parish, the whole misslon of the Church, pastoral. social and ecumenical. This include5 maintalnlng the Parish Church of St. Peter, St Paul's Church, Horn Hill and All Saints, Church, Oval Way together wlth the Church Halls at the Parish Church and All Saints, and The Parsonage. The PCC Is committed to our Parish vision to be a 'Christ-Ilke Church" to encounter God, Encourage others and Engage Our World" and to see "sustained growth In God's Klngdom; people coming to faith In our communlty" A revlsed Mlssion Plan was adopted by the PCC In March 2018. Thls wlll be revised when a new Minister is appointed. When plannlng our actlvltles for the year. we have consldered the Commlsslon's guldance on publlc benefit and in partlcular, the supplementary 8uidance on charlties for the advancement of religion. Specifically, we try to enable ordlnary people to Ilve out their falth as part of our parish community through:. Worship and prayer, learnin8 about the Gospel and developing thelr knowledge and trust in Jesus. Provision of pastoral care for people living in the Parish. Missionary and outreach work, Including In Schools, Care Homes and other local activities as well as supporting work within the Diocese and mission abroad e.g. through makin8 collections and grants.
ANNUAL REPORT& FINANCIAL ACCOUNTS OF CHALFONT 5T. PETER'S PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENOEO 31 DECEMBER 2024 2.0. ACHIEVEMENT & PERFORMANCE Overview Wlth the support ofour Revd Wendy Graham, and Revd Jennifer Locke we have succeeded in holding all regular services on Sundays and special festivals throughout the year with occaslonal support from Associate Archdeacon Chris Bull. This burden has been shared between our two associate priests due to the retirement from regular dutles of Revd Jim King in June. The death of Bishop Alan has been a great loss to our Parish as he had lust been allowed to resume responslbllity for our Parish by the Bishop of Oxford. During the year, we have held consultatlon services and small group meetings to develop our parish proflle and thls has been uploaded in Its final version of our website and the Diocesan web51te. "We Share" has allowed u5 to advertise for an Interim Priest In Charge as advised by Bishop Alan. You will have seen a notice advlslng of a su5penslon of the Benefice to allow the appolntment of an Interlm Priest in Charge. An advertlsement was placed in the Church Time5 In November but only one person expressed an Interest but the tlming was wrong for them, The post was re-advertised in January in the Church Times, the Dlocesan webslte and the Natlonal Church of England Pathways website. Andrea Lebrato has been appointed as Chlldren and Families Mlnlster and has moved Into the vicarage on a temporary basis untll The Parsonage ha5 been vacated. She was licensed on 5 January 2025 for a period of two years in return for livin8 in The Parsonage. She is beginnlng to build up a good following in the Font worship and is rebuilding relationships wlth the schools in the parlsh. Andrea 15 Supported by Jessica Redman, Sheila Johnson and Gill Walte. Thanks are due to them for their ongoing support. Mrs Samantha Carter, our parlsh admlnlstrator has continued with patience and good humour to provide excellent support to the Clergy Team and the PCC, managlng lettings of the Halls and bringing in valuable Sncome to support our marginal financlal position. Mr5 Ann Ralph has continued to give valuable a551stance as Bookkeeper in support of Peter Flory who has acted as our treasurer for the last three year5, They have both decided to stand down. The Parish Finances continue to cause concern and many are reluctant to restore their glvlng to the Stewardship Scheme. Consequently. a workin8 group has entered into negotiation with the diocese to agree a new level of Parish Share until our financial position recover5. The work of the Parish ha5 continued with the loyal support given by our Organists, Choir, Sidesmen, Sacristans. Bellringers, Flower Team, Cleaners and others.
ANNUAL REPORT & FINANCIAL ACCOUNTS OF CHALFONT ST. PEfER'S PAROCHIAL CHURCH COUNCIL ST FOR THE YEAR ENDEO 31 DECEMBER Z024 Dr Michael Baxendine has continued in his position as Lay Vice-chair and chaired both the Standin8 Committee and PCC meetings ably supported by Nlcholas Thompson as Secretary. We are m05t grateful for the on80in8 financial support of the Friends of All Salnts who fund raise through musical events led by visiting musician5 and Richard King and the festival Cholr. There Is also a need to resume the many activities which flour15hed in the past and to resume our Inclusion in Village Affairs. This year CSP Churches were represented at St Peterfs Feast Day, the Christmas Fun Night and a Civic Service is planned later In 2025 and we plan to partlclpate in the 2025 Feast Day. Several members of our congregatlon have continued to serve a5 Governors of Chalfont St Peter Church of England Academy, but there are some vacancies to be filled, so we are looking for volunteers. 2.2The Vlcar As reported In last year's report the Vlcar reslgned on 31st July 2023 and in accordance wlth the usual practice the Area Dean and Churchwardens became Sequestrators of the Parlsh on 1st August. Following the wish of the PCC the Diocese suspended the Benefice to allow for a Priest in Charge to be appolnted for three years. 2.3 Rellglous Actlvltles- Provlslon of Ser¥lces 2.3.1. Pollry The PCC Is commltted to enabllng and encouraging as many people as possible to worship in our three churches, the assoclated halls, in local schools and elsewhere in the Communlty such a5 Caie Homes. 2.3.2 Organlsatlon The Ministry Team durlng the year conslsted of'.- Revd Wendy Graham Non Stlpendlary Minister with PTO Revd Jennifer Locke Non Stlpendiary Minister with PTO Revd James Kin8 CBE Non Stipendiary Minister wlth PTO Iretlred from regular duties in June but remains available to take Services if required). We are also very grateful to Revd Chrls Bull (Associate Archdeacon of Buckinghaml and other local Clergy who presided at Servlces when required. 2.3.3 Worship Very gradually members are returnlng to worship in our Parish churches but many continue to be wary to do so until the appolntment of the Interim Priest in Charge. Servlces have been held in oll three churches All Saints, Church Said Communion at 8am every week and Sung Eucharist on the first Sunday ofthe month. The Font in St Peter's Church Hall St Peterf5 Church Famlly Service on the first Sunday of the month at 10am and Sung at 11am
ANNUAL RÉPORT & FINANaAL ACCOUNTS OF CHALFONT ST. PETER'S PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 315T DECEMBER 2024 St Paul'5 Church Evensong at 4pm with a Sung Eucharist on the fourth Sunday of the month at 4pm Additional occaslonal services have been held at Christmas and Easter with Taize Service5 and other contemplative worship. Attendance5 have averaged at 77 adults and 20 children which is an improvement of about 50% over 2023. Services at Chri5trnas and Easter attended by a total of 694 adults and 128 Children. 2.3.4 Occaslonal servlces In 2024, we held 13 Bapt15ms, I marriage, conducted 19 funerals (includlng 10 at the local crematoriuml and one burial of ashes. There are already 2 bapt15rn5 and 8 weddings planned for 2025, 2.4 The General Publlcl Manklnd- makes 8rant5 to or8anlsatlons 2.4.1 Pollcy In previous years the PCC gave IO% of speclfied income to varlous charltles, Thls policy was suspended in 2020 due to circumstances and It has not been po55ible to resume such payments. A 8rant was made during the year to the Royal British Leglon Poppy Appeal supported by donations. 2.4.2 Performance A glft of a Blble was made to all those leavlng our Academy to move to secondary education. 2.5 Provldes Bulldln£slFa¢llltleslOpen Spaces 2.5.1 Pollcv The PCC aim5 to maintaln all bulldln85 Wlthin its care to a hlgh standard and meetin8 the needs of all users. 2.5.2 Performance Open Doors The Parlsh Church is open for private prayer on Monday, Wednesday and Frlday mornings at the some time as the Office is open. All Saints. Church Is also open on Wednesday and Fridav mornlngs. In the longer term we would ideally like to open every weekday uslng volunteers. General Maintenance and servicing of fire equipment, servicing and certification of gas and oil boileis and like items continued and is recorded centrally in the Parish Offlce electronically. Essential works have been carried out as identlfied in the Quinquennial Report together with other work as finances permit. Quinquennial Report5 on all three Churches were compiled in November and a programme of works prepared to deal with item5 identlfied in the tlmescale.
ANNUAL REPORT& FINANCIAL ACCOUNTS OF CHALFONT 5T. PETER'S PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2024 All Saints, Parsonage The house contlnued to be let to the third party tenant during the year. At the end of the year the tenants were served with a Section 21 Notice to enable the house to be occupied by our recently appointed Children & Families Minister. 67 Fleldway At the start ofthe year the house was let to Revd & Mrs Adrian Manningwho moved to their own property in February. A great deal of work was the carried out and a new tenant was found in May. The Vlcarage This is not a PCC property and at the beginning of the year the Churchwardens made regular checks of the building. In March the Diocese let the house on a short term ba515 to a very satisfactory tenant. At the end of the year the Diocese agreed to the house being occupied by our new Chlldren and Famllies Minlster pending the PCC securin8 occupancy of the Parsonage. 3.FINANCIAL REVIEW. 3.1 Flnanclal posttlon: The accompanylng flnanclal statements have been prepared in accordance wlth the accounting policles set out In note I to the accounts and comply wlth the charity's trust deed. the Charlties Act 2011 and "Accounting and Reporting by Charltles: Statement of Recommended Practice applicable to charitie5 preparing their account5 In accordance with the Financial Reporting Standard appllcable In the UK and Republic of Ireland IFRS1021" las amended for accounting period commencing from l January 20191, The PCC is Public Benefit Entity as defined by FRS 102. Overvlew: Overall, the year ended wlth an increase In funds of £85,408.46, comprising.. 2024 37,700.27 0.00 4,412.25 43,797.71 85,910.23 2023 13,493.15 9,024.C 13,496.06 17.921.70 53,934.91 Operatlng 5urpluslldeficltl Grants received Unrealised Gains Illossesl on Investments Increase in Insurer's Property Valuations CHANGE IN FUNDS Total income was £146.320.11 12023- £136,952.791- Both planned giving and collectlons increased compared to 2023. Income from lettlngs of Church Ha115 was £43,950 12023: £39,682), and of the Parsonage É23,64012023: £23,640). No Grants were received of from the Curate's Endowment Fund12023: £9,0) Other Investments performed satisfactorily and no significant change to the portfollo is planned.
ANNUAL RÉPORT & FINANCIAL ACCOUNTS OF CHALFONT ST. PETER'S PAROCHIALCHURCH COUNCIL FOR THE YEAR ENDED 31- DECEMBER 2024 The book values of the propertles (Parish Church Hèll, All Saints, Hall and The Parsonage) reflects a small increase in the insured property value5 over the year. It is recognlsed that a more appropriate index should be used and the propertles revalued. Curate's Endowment Fund: Whlle not part ofthe PCC Charlty. the Curate's Endowment Fund ICEFI exists to support the mission of the PCC and give grants to the PCC. No grants were received in 2024 to maintain Its operatlons. 3.2 Budget Forecastlng: Budgeting for the year broadly assumed continuation of Income/ expenditure as the previous year but was made uncertsln by the unresolved Issues withln the Parlsh, Withln this cllmate. and remembering that both the Parsonage and the CEF house at 67 Fleld Way are currently provlding cruclal income, along wlth hall rentals, provlsion for addltional team-members, e.g., families, mlnlster, curate, asslstant administrator Is unllkely to be made wlthout drawing down from Investments. 3.3 Staff Salarles and Penslons: Operation of the pensions scheme introduced In 2015 has continued smoothly. Our administrator's salary was reviewed in the year to reflect Increased responsibllitles. 3.4 ReseNes Poll¢y: The PCC bud8ets over the long term to Use Its income in the pursult of its charitable activities. The PCC continues to conslder the appropriate level of reserves, seeking to balance the long- term ability to sustain mlnlstry in the Parish wlth the short-teim operational requlrements. 3.5 Rlsk Pollcy: The PCC assesses risks to Its affalrs. Fabrlc Is regularly assessed, routlne certification malntained, and auinquennial inspections took place in 2024. Safeguarding matters and 8overnance are glven a hlgh priorlty. The primary operational risk is that of being unable to provlde the services and pastoral care to whlch we are committed because of lack of personnel. The PCC, advlsed by the Archdeacon, continually revlews the sltuation. 3.6 Parlsh Share: A paitial payment of the Parish Share to the value of £3,000.00 was made in 2024 The PCC are In discussion wlth the Dlocese regarding an agreeable strategy for payment5, given our financlal situation.
ANNUAL REPORT& FINANCIAL ACCOUNTS OF CHALFONT . PETER'S PAAOCHIAL CHURCH COUNCIL ST FOR THE YEAR ENDED 31 DECEMBER 2024 4. STRuuRE, GOVERNANCE, AND MANAGEMENT 4.1 Organ15atlonal Structure The PCC had the following Sub-committee5 during the year:. Standing Committee and a Finance & Fabric Committee (until July when Its functions were taken over by the Standing Committee) A Team Meeting comprlsing Clergy and the Admin15trator met re8ularlv 4.2 Membership Everyone is welcome to attend our regular services. Reglsterlng on the Electoral Roll confers the rights set out by the Church of England including attendance and participation in the Annual Parochlal Church Meetlng. The current number on the Electoral Roll is 154. A new roll will be compiled for every Parish In 2025. 4.3 Parochlal Church Councll The method of appointment15 Set out In the Church Representatlon Rules 4.4 Deanery Synod In addition to our Clergy we are entitled to thrèe seats on the Amersham Deanery Synod. These lay members are ex-offlclo members of the PCC and form a useful link to the wlder Church. At the 2024 APCM we were able to elect our full complement. 4.5 Safeguardln8 Formal Obli ation The PCC complled with the duty under Section 5 of the Safeguarding & Clergy Discipllne Measure 2016 (duty to have due regard to the House of Blshops guldance on safeguarding children and Vulnerable adults) It has not been p055ible to appoint a Parlsh Safeguarding Offlcer but contact numbers are dlsplayed In each Church and Hall. Safer recrultment and eo le mana ement The Parlsh registered with Parlsh Safeguarding Dashboards in 2021. This is an on-line system that helps parishes to ensure that they are complying with statutory requirements and Church of England pollcies. The Parish ensures that DBS checks are made evely three years on all PCC member5 and all those dealing with children and vulnerable adults. All necessary checks have been made during the year and regular reports are made to the PCC. The Diocesan safeguarding Officer has checked our procedures and was satisfied by them. 4.6 GDPR There were no compliance issues during the year and our registration with the Information Commissioner was renewed.
ANNUAL REPORT & FINANQAL ACCOUNTS OF CHALFOTrTh ST. PETER'S PAROCHIALCHURCH COUNCII FOR THE YEAR ENDED 3157 DECEMBER 2024 4.7 Information Technolo8Y The contract with Beyond Networks was not renewed and a less comprehensive contract Wa5 signed with Keylnslte. 4.8 Treasurer We are extremely grateful to Mr Peter Flory for undertaking this task on an interim basis and wlll not continue after completing the 2024 accounts. A replacement is being urgently sought. 4.9 Independent Examlner Caladlne Ltd has been appolnted for this year- see Sectlon 5. 4.10 Verger Thls post remalns vacant.
ANNUAi REPORT & FINANCIAL ACCOUNTS OF CHALFONT ST. PETER'S PAROCHIAL CHURCH COUNCIL FOR THE YEAR Ef4DED 315f DECEMBER 2024 S.ADMINisfRATIVE INFORMATION 5.1 PCC Members who served at any time from 151 January to 31 December 2024 Ex1¢10 Vacancv Mr John Harwood Mr Matthew Locke Vicar Churchwarden Churchwarden Chalrman El•rted Member5 Deanery Synod To serve to 2026 Elected Ma 2023 Mrs Sheila King (to May 2024) Mr Nlcholas Thompson Elected Ma 2024 Mrs Wynne Thorndike Mrs Carollne Wiggins PCC Secretary PCC Members Elected 2021 Dr Michael 8aKendine Ire-elerted May 20241 Vice Chalrman Elected 2022 Mrs Jesslca Redman Elected 2023 Mrs Ann Geary Mrs Ann Middleton Elected 2024 Dr Mlchael Baxendlne Mr Rlchard Coward Mrs Merlel Garnham Mrs Paddy Hague Vice Chairman co.opted Member$ Revd Wendy Graham Revd Jame5 King Ito May 20241 Mr Peter Florylfrom May 20241 PCC Treasurer 5.2 Standlng Cornmlttee Dr Michael Baxendlne Revd Wendy Graham Mr John Harwood Mr Matthew Locke Mrs Ann Middleton Mr Nichola5 Thompson Revd Jennlfer Locke (From July 20241
ANNUAL REPORT& FINANCIAL ACCOUNTS OF CHALFONT ST. PETERS PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31ST DECEMBER 2024 Finance & Fabric Committee To June 2024 Or Michael 8axendine Revd James King Mr Peter Flory Mr Matthew Locke Mrs Ann Mlddleton Mrs Jessica Redman Mrs Paddy Hague Mrjohn Harwood Mr Kenneth Hodgson From June 2024 The PCC declded that the duties of the Commlttee should be undertaken by the Standing Committee 5.3 Correspondence Address Church Offlce Parish Church Hall Church Lane Chalfont St. Peter 8uckingham5hlre SL9 9RJ Telephone No.: 01753 880067 email: offSce@csp.church Reglstered Charlty No. is 1146043 St Peterfs Church Is sltuated in High 5t. Chalfont St. Peter SL9 9RA All Salnt5' Church Is situated In Oval Way, Chalfont St. Peter SL9 5PZ St. Paul's Church, Horn Hlll Is sltuated In Rickmansworth Lane, Horn Hlll, Chalfont St. Peter SL9 ORG io
ANNUAL REPORT & FINANOAL ACCOUNTS OF cHALF0P ST. PEfER'S PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2024 5.4 Relevant Or8anlsatlons Banker Barclays Bank UK plc Leicester LE87 2BB Insurers Ecclesiastical Insurance Office plc Benefact House 2000 Pioneer Avenue Gloucester Buslness Park Brockworth Gloucester GL3 4AW Inde endent Examiner Caladine Ltd Chantry House 22 Upperton Road Eastbourne East Sussex BN21 IPF 5.5 Connected Charlty Chalfont st. Peter Curate's Endowment Fund. Registered Charity No. 1093547 6.0 Acknowledsments and Approval As noted above in the overvlew, The PCC takes this opportunlty to record their sincere thanks to our Non-stipendiary Clergy who have carried out thelr duties unstintingly through the difficult period and have been joined by those who have taken part in the recovery proce55 111 so many ways- our Parlsh Administrator, Sacrlstans, Organists, Cholr, Bellringers, Flower Arrangers, Catering and Coffee rota volunteers, Cleaners and all those who undertake other tasks {often unnoticed) to keep the Parish operating. The Trustees Annual Report was approved by the Parochial Church Council on 1410512025 and signed on behalf of the Trustees by:_ Posftion Vice Chairman SiBnature li
ANNUAL REPORT & FINANCIAL ACCOUTrnS OF CHALFONT ST. PETER'S PAROCHIALCHURCH COUNCIL FOR THE YEAR ENDED 315T DECEMBER 2024 Independent Examinerfs report to the trustees of the Parochial Church Councll of tho Ecclesiastical Parish of Chalfont St Peter I report to the Charity Trustees on my examination of the accounts of the Parochial Church Council of The Ecclesiastical Parish of Chalfont St Peter (the Church) forthe year ended 31 Detember 2024. Responslbilities and basis of report As the charlty's trustees you are responsible for the preparation of the accounts In accordance wh the requlrements of the Charitie5 Act 20111'the Act'l. I report In respect of my examlnation of the Trust's accounts a5 carrled out under section 145 of the Act and in cafrying out my examlnation I have followed all the applicable Dlrectlons glven by the Charity Commlsslon under section 14515llbl of the Act. Your attention Is drawn to the fact that the charlty has prepared financial staiements In accordance with Accountlng and Reportln8 by Charltle5 preparlng thelr accounts in acctsrdance wlth the Financial Reportin8 Standard appllcable in the UK and Republlc of Ireland IFRS 1021 In preference to the Accountln8 and Reportlng by Charities.. Statement of Recommended Practlce Issued on l Aprll 2005 whlch Is referred to In the extant regulatlons but has now been wlthdrawn. l understand that th15 has been done In order for financial statements to provide a true and falr view In accordance with Generally Accepted Accountlng Practlce effectlve for reportlng perlods be8lnnlng on or after l January 2015. Independent Examlnerfs statement I have completed my examination. I conflrm that no matters have come to my attention In connectlon wlth the examlnatlon glvlng me cause to belleve that In any materlal respect.. 11 accountin8 records were not kept In respect of the Church as requlred by sectbon 130 of the Act,. or 21 2 the accounts do not accord wlth th05e records,. or 31 the accounts do not comply wlth the applicable requirements concerning the form and content of account5 Set out In the Charltles (Accounts and Report) Regulation5 2008 other than any requirement that the accounts glve a 'true and fabr vlew, whlch Is not a matter consldered as part of an Independent examlnatlon,. or I have no concerns and have come across no other matters in connectlon wbth the examlnatlon to which attentlon should be drawn in this report In order to enable a proper understandlng of the accou ts o be reached. John Caladine FCCA CTA FCIE Caladine Ltd Chantry House, 22 Upperton Road, Eastbourne, East Sussex, BN21 IBF Date.. 4 June 2025 12
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ANNUAL REPORT & FINANaAL ACCOUNTS OF CHALFONT ST. PEfER'S PAROCHIALCHURCH COUNCIL FOR ThE YEAR Ef4DED 315T DECEMBER 20Z4 BALANCE SHEET Unrestri¢thd f¥skn•td NDiE T4blE a55Ets 1,610579.20 SIU24.21 1125,403.41 ICQ5ml.48 CBF InvEStrnErtlnEoTh Fund C8F InvE5tmEnt knurnulotlon Fund 98.447.67 41.677.24 ,270.53 106,718.20 41,677.24 19652.95 527A91.74 U71.79•. 2229W&67 00 Dpbtor5 Tradp&bto 4.929.69 13L?2 S61.41 5W.52 Prnw¥rrtnrs 4,929.69 131.72 5th1.41 5%l2.51 C•shai bbnkand kn hJThY cuirentkcourt$ 11 b•nk 59W43 B,EY6.29 104.55 68A47.27 Lq697.31 70,143.71 8.896.29 104.55 75.144.58 34A64.$0 StsBJ.99 17.n 40.77&21 Periy Cish lryr•st 10.697.31 00 I9• 4674 Cr•dltory'. NxnrWiS l¥llln8dw Inon•wf Trade cd¢r4 9,143.17 427.29 9.570 476.25 IV.07&Z6 2?1.15 IOJ4S51 417.29 4x15 .50 IOAJL71 7419•. 3624x23 IQ35L71 517,DM.7I iJgLgSLU ¥E&047.90 T•tyl n•t*• 2.35195&13 G•nornlFur St P¥ul'i Upkqep Fwd Cknlway IWadTru1t Comle Narth-ChN&en's So(ty krL•I•ty ¢¢1• LBX4510l L737J5119 .OD O.OD Q.OD 00 0.00 0.00 0.00 0.00 5XaI24.2L 8J7O.53 o.oo o.oo gIW4.ZL 170.$3 JS2.n s,193.0) 3SI.7 io,cth).r OD 6S7.15 iomi om Oltho¢ 1,114,SLO.61 527 10,15Z.Yl 71 2,1$1,91¥ 126A04?.90 14
ANNUAL REPORT& FINANCIAL ACCOUNT5 OF CHALFONT ST. PETER'S PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 315T DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS NOTE I: ACCOUNnNG POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financlal statements have been prepared in accordance with the PCC'S constitution, the Charities Act 2011 and 'Accounting and ReportSng by Charities: Statement of Recommended Practice applicable to charitSes preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK nd Republic of Ireland IFRS 1021" las amended for accountlng perlods commenclng from l January 20191. The PCC is a Public Benefit Entity a5 defined by FRS 102. The financial statements are prepared In sterlin& which is the functlonal currency of the PCC, The financlal statements have been prepared under the historical cost convention. modlfied to include the revaluation of freehold propertles and to include investment properties and certain financial instruments at fair value. The prlncipal accounting pollcles adopted are set out below. INCOME Income is recoBnised when the PCC Is legally entitled to it after any perfomiance conditions have been met, the amounts can be measured rellably, and It is probable that income will be received. Cash donatlons are recognlsed on recelpt. Other donations are recognised once the PCC has been notified of the donation unless performance condltlons requlre deferral of the amount. Income tax recoverable In relation to donatlons recelved under Gift Ald or GASOS is recognised at the time of the donatlon. Legacies are recognlsed on receipt or otherwise if the PCC has been notified of an impending distrlbution, the amount Is known, and receipt Is expected. If the amount is not known. the legacy is treated as contin8ent a55et. EXPENDITURE Grants and donations are accounted for when pald over, or when awarded, If that award creates a blnding obligation on the PCC. The Diocesan Parish Share Is accounted for when due and wlth any amount unpaid at 31 December provlded for as an operational Ithough not a legall Ilability. GOING CONCERN At the time of approving the financial statements, the trustees have a reasonable expectation that the PCC has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. Endowment fund5 are subject to specific conditions by donors that the capital must be maintained by the pcc. 15
ANNUAL REPORT & FINANCIAL ACCOUNT5 OF CHALFONT ST. PETER'S PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31ST DECEMBER 2024 TANGIBLE FIXED ASSETS Tangible fixed assets (excluding property) are Initially measured at cost and subsequently depreciated. Depreciation is recognised 50 as to write off the c05t or valuation of asset5 le55 thelr residual values over thelr useful lives. The gain or loss arlslng on the disposal of an asset is determined a5 the difference between the sale proceeds and the carrying value of the asset and Is recognised In net income/lexpenditurel for the year. Consecrated and beneficed property of any kind is excluded from the financial statements by s.9612llal of the Charities Act 2011. Moveable church furnishing held by the Vlcar and Churchwardens on special trust for the PCC, and which requlre a faculty for d15posal, are accounted as inalienable property unless consecrated. For Inalienable property acquired prior to 2000 there is insufflcient cost Informatlon available and therefore such assets are not valued in the financial statements. Items acquired since l January 2000 have been capitali5ed and depreciated in the financlal statements over thelr currently anticipated useful economic life linltlally 20 years) on a stralght-line basls, All expendlture Incurred during the year on consecrated or benefId bulldings and moveable church furnishings acquired before 2000, whether maintenance or improvement, is written off as expenditure In the SOFA and separately disclosed. Equipment used within the church prem15es is depreclated on a straight-llne basls over 4 years. Individual items of equlpment are reviewed individually to determine If they should be capitalised or expensed to the profit and loss account. Bulldings are held at revalued amount, based on Insurance valuations (see note 121. The trustees see thls as a reasonable proxy to thelr replacement cost and no depreciatlon is charged on these assets. TAXATION The charity Is exempt from tax on its charitable activitie5. FUND ACCOUNTING Unrestrirted funds can be used in accordan with the charltable ob5ectives at the dlscretion of the trustees. Restrlcted funds can only be used for particular restrirted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Details are shown on the Balance Sheet. Endowment funds can only be used for the purposes stlpulated wlthln the objects of the endowment, Details are shown on the Balance Sheet. 16
ANNUAL REPORT& FINANaAL ACCOUNTS OF CHALFONT ST. PEfER'S PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31sf DECEMBER 2024 Grant funding of activity comprised for llet and development £186.111£1,278.39 in 20231, for home mlsslon and other church £2,043.481£1,560.17 in 20231 and for Secular Charities £I,857.lE2,32O.3l in 20231. The freehold and buildlngs comprise the Parsonage at Oval Way, Chalfont St Peter and two church halls. All three properties were last formally revalued at their insurance valuations as of 31 December 2019 and resultlng increases totalling £781.739 were added to the accounts in 2020. The revaluations were undertaken on behalf of Ecclesiastical Insurance by their surveyor Mr Mike Deane BAIHons}, Dip Cll, Tech IOSH and wlll be repeated In 2024. Ecclesiastlcal Insurance have advised an index-linked increase in the insured value of The Parsonage of 2.1% for the year 2024, whlch has been reflected in the accounts and the same % upllft has been applled to the valuatlon of the two church halls. Flxed a55et investments are initially measured at transaction prlce excludlng transact5on costs and are subsequently measured at fair value at each reportlng date. Chan8es In falr value are recognlsed in net incomellexpenditurel for the year. Transaction costs are expended as Incurred, 17
ANNUAL REPORT & ANANCIAL ACCOUNT5 OF CHALFoKf ST. PETER'S PAROCHIALCHURCH COUNCIL FOR THE YEAR ENDED 31$7 OECEMBER 2024 NOTEZ: INCOME TotalFunds Fundi Fvnds Funds Fund¥ 2 ITh• From: Zlal Inctsrnlw reFourcslrom donors lncomo from IDdIaaL$ anrpd CDllect10Th5 GfftAld Refund 43.711.14 9.495.4B 1296.91 43.711.14 10.49&XO 1119&91 IIW.78 9550.61 07.IOLJI tlonBtlora 1.gAi.fX) 1.91X.LY 1.9Bi.tyJ 618.fA) Lottlnp ol thurchH•lli Lottingol P¥ryaThwo• 43,950.24 23,640. 420.CII 3,234.CO 950. 2J.fjqQ.fpJ 410) 39W.22 ijw.oj F••slrorn o¢c•slon&l Olfk•i 3.495.tsJ 692.48 55.tK) 2,753.11 IyJL•I 00 Gt•nt froffl Cur•t• EndDwmtnt'S Fund ¢f•nt ffoffl R•¥dQ•oryry fj1+ Fund 9,OW).IYI 24. Xi,024.00 OD 31•1 Incorn•frnffl Dlvha•nth R•E41v•d & B•nk Int•r•#t J 296.7S L982. TOt•iifiwm•fr•ffj.' 75&59 18
ANNUAL REPORT& FINAMCIALACCOUNTS OF CHALFONT ST. PEfER'S PAROQIIALCHURCH COUNCIL FOR THE YEAR ENDED 315T DECEMBER 2024 NOTE J: EXPENDMJRE Vf+rnstrki•d Funth OwTr•ted Re Ehdowment Iinds TotalFufftds 2024 J expendlture on: Challortst PeterArad•ffl¥ ChrlstlbnA Cornrkiyltsn UK crts FoodBank Mirmllla RNLI The Chlldion'JSDclety The PDptyApp•al F•lrtr•d• Utbjn Pron Dr•4m Htsllda I93.) 186.11 244.¥8 352.C 443.31 314.00 138.94 217.IX) LSI.47 238.94 117. 161.47 Z46.94 263,85 163.B5 150. 1&1.50 407.8J 230. 37L3I J5S.7t J8X.50 407.68 230. 372.31 155.78 153.74 25&04 IJM Ukr•l 280.13 27&38 415.13 t87.31 2S7.SO MSSaik•ty S•ni• str Kk JJi.Jo v7.thj 4 Q••.SW s is&•y TWI Fupdi lund P¥rl&hShr• Stalf Pywll •ndCo4ts..- Famlll#J' mlnls1•1 3.rKo. 1gW.02 i.IEO.g9 IlJ99.14 19,753.57 19.4S4,OZ 2.260.99 14.265.8J 13.753,57 Chlldi•n& F•rn111•5' MlnlAt•tCLommothilon hUhS RUnnIC0St$ &Adn11ttIO Dlst¥JrMrwnt ol Ot£a%nI1 Offk•f• a71.69 4•S.ts) L5.942.0) A4.InY> 13.174.07 S,Sl.$7 10,75a.41 4A29.aD I,IW.OD l3.174.07 5.539.57 I11. 5.22•.fAI 1.199.C co 7A79.9J 4.744.9S 9.959.%) Upk•qpolServlc*& tl¢Vard1 rn•lnt•n•DE Cl•ryy & N4thiBtprs' •ywnr •Kp•Thdltu¢• Tralnln8Cosfs. Edutiti•n ¢N All lt%lIO IndrywndErt F YJS?.06 70.CiI 211.eA) 21S.7b 215.78 ••5.00 91,41•.55 95 310.89 19
ANNUAL REPORT & FINANCIAL ACCOUNTS OF CHALFONT ST. PEtER'5 PAROCHIAL CHURCH COUP4CIL FOR ThE YEAR ENDEO 31 DECEMBER 2024 NOTE 3.. EXPENDITURE Icohedl Funds Funds Fund5 2023 FU PJL41wEvents CJr[h Hall%Runnln8cost Parsona8e runtdwtasts 42.C 11,888.76 B74.57 a037 346.37 11.888.76 874.57 15.109.70 IzsAs 13.621.82 2,21a.21 Is.941 Totsl E¥p•Athrn•R: 10i6Jg.84 An501 J(•l Aellel ad DevildpmAnta84ncles Qmo mL551onSJndotrcttUich S•cularcharlU•s 186.11 2,043.48 I51. NOTE 4; FIXEO ASSETS Pl•nt& M•chln•ry FIXED ASSErs C•¥¢orvkn•tlon Al 1st January 2024 P8tsona8ei Ovol Wav Pad5h chUh Hall All 5alntJ Chur¢h Hall 508,153.IXI I.C137A22.98 540,029.72 2,085,fj05.70 Iw.fjOS.70 2.067,684.00 Revaluatlon Pafsonayi Oval Wav Parlsh Church Hall All S•lnts Church Hall 10,671.21 21,785.8B 11440.62 4J,797.71 43.797.71 4.25th110 17,921.70 4.250. All S•lnts Plano 4.250.IW) D15P05o1s At 31st Decemter2024 Par50no8e.Chfal Way Parlsh Church Hall I S•lrbts Cr(h Hall 518,824.21 1,0592OB.86 551,370.34 129.403.41 4.250.(M> 1133.653AI 2.085A55.70 t>•pr•cl•tknn At Istjanuary 2024 Charge forthE Year- AJI Salnts Plano Di5P05als At 31st DecembEr 2024 4,034.22 215.78 0.00 4,250.CKI 4.OX2Z zts.n 3,822.22 212.) 4Z¥I).QO 434.22 N•t&ook Va At31$t December 2024 129.403AI o.ty) 2$J85l.4S 2024 Index Llnked valuauon 2.10 20
AN14UAL REPORT & FINANCIAL ACCOUNTS OF CHALFONT ST. PETER'S PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 315T DECEMBER 2024 NOTE 5: FUND MOVEMENTS Op4nln alan Tr•n Uresbl(W Fuftdi 1737.152.29 &737.151.29 142,565.52 14&565.5Z 102.560.88 10t56 o.oo 37,353.68 JTJ53.60 1.8L4.5LO.61 LA14.$10.61 St. Plul's u1•PFur 2.000. 2.r. o.oo o.oo conrt H¥rty- Chll•n's50<11ty B•kÉr L•yEv Specrfiad 657.15 io,ow. .37 00 0.00 352.78 io.000.o) 3.754.59 .754.59 754.59 4,051.•6 lQ,657.15 10,352.71 EThdowment F¥Thds Q¥al Way ParsOM8• gul¢•re •JdwDrtwoodTIt 508.153. 5.085.46 0.00 0.00 0.00 0.00 O.OD O.OD 0.00 10.671.21 IBS.07 ID.856.21 518.814.Rl 827D.53 $17 ¢9?4 116fjQ47.9fy 109 619.84 48 209.96 NOTE 6: FUND DEfAILS Endowment Funds Ovol Woy Porsonoge 8ullding Thls bulldin8 is on church land and was bullt using funds glven to the PCC as an Endowment for the purpose of provldSng accommodation for the beneflt of the PCC. The Endowment value brought forward In the account5,1£508,1531 represents the insurance valuation advised at renewal In February 2024. Aldworth-Wo¢xI Trust Thls fund represents the cumulatlon of various endowments and was last formalised by the Charity Commisslon Letter of Concurrence dated 01.09.2006. The funds are held in the Aldworth-wood Trust and are held as Investment in CCLA CBF Investment Fund and are avallable for the upkeep of St Paul's Church and Churchyard. Deslgnated Funds St Poul's Upkeep Fund This fund was created In response to a deslgnated legacy glft for the upkeep of St Paul's Church and Churchyard and was exhausted and closed in 2024. 21
ANNUAL REPORT & FINANCIAL ACCOUNTS OF CHALFONT ST. PETER'S PAROCHIALCHURCH COUNCIL FOR THE YEAR ENDED 31ST DECEMBER 2024 Restricted Funds Connle Hordy- Children's Society The fund was created by the legacy of Mrs Connie Hardy and is for the fund-raising expenses of the church's Children's Soclety Committee. 8oker Legacy The fund was created frorn a legacy gift for upgrading the welcome area of the Parish Church. Specified A transit fund for restrlcted glving and fundraisin8. NOTE 7: RELATED PARTY DISCLOSURES Donations received In the year from the PCC members and related partles via the bank totalled £11,618.23 12023.. £10,663.00). Cash donations made throu8h the offerlngs are anonymous so cannot be analysed as to whether they have been donated by a Trustee. All donations recelved were without conditions. Expenses relmbursed vla the charlty's expenses system in the year totalled £O.0012023: £3,257,061, Thls was for the clergy team, lay mlnlsters and members of the staff team and relate5 to various costs such as mileage, accommodation, telephone, Internet, and posta8e. Specific small items purchased by Individuals for the PCC and charges were also reimbursed through payment requisltlons. These items include mlscellaneous cleaning consumables, Sundry malntenance Items, and flowers NOTE 8: CONNECTED CHARITIES Chalfont St Peter Curate's Fund (Charity Registration No.. 10935471 is a connected charlty. NOTE 9: EMPLOYEE BENEFIT OBUGATIONS The PCC operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the PCC. The contributlons payable by the PCC are charged to the Statement of Financial Activltles as they are Incurred. 22
ANNUAL REPORT & FINANCIAL ACCOUNTS OF CHALFONT ST. PETER'S PAROCHIAL CHURCN COUNCIL FOP THE YEAR ENDEO 31ST DECEMBER 20Z4 NOTE 10: PENSIONS Chalfont St Peter Parish Churches participates In the Pension Builder Scheme Section of the Church Worker5 Pension Fund ICWPFI for lay staff. CWPF is administered by the Church of En8land Pensions Board, whlch holds the CWPF assets separately from those of the Employer and other participating employers. CWPF has two settions.. i. the Defined Benefits Scheme 2. the Pension Builder Scheme, which has two subsectlon5; a deferred annuity section known as Penslon Builder Classic, and, b. a cash balance section known as Pension Builder 2014. Penslon Builder S¢heme 80th sections of the Penslon Builder Scheme are classed as deflned benefit schemes. Penslon Bullder Classlc provlde5 a pension. accumulated from contributlons paid and converted into deferred annuity during employment based on terms set and reviewed by the Church of England Penslon5 Board from tlme to time. Discretlonary increase5 rnay a150 be added, depending on investment returns and other factors. Penslon 8ullder 2014 is a cash balance scheme that provldes a lump sum whlch member5 Use to provlde benefits at retlrement, Penslon contributions are recorded In an account for each member. Discretionary bonuses may be added before retirement, depending on investment return5 and other factors. The account, plus any bonuses declared is payable, unreduced, from age 65, There15 no sub.divi5ion of assets between employers in each section of the Penslon Builder Scheme. The scheme is consl(iered to be a multl-employer scheme as described In Section 28 of FRS 102. Thls Is because It Is not posslble to attribute the Penslon Bullder Scheme's assets and liabilities to specific employers and means that contributions are accounted for as If the Scherne were a defined contribution scheme. The pensions costs charged to the SOFA In the year are the contrlbutions payable12024', £1.075.57, 2023.. £924.00). A valuation of the Penslon Bullder Scheme Is carrled 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 ongolng a55umptions used. At the most recent annual review effective l January 2025, the Board chose to grant a discretionary bonus of 6,7% to both pensions not yet in payment and penslons in payment in respect of service prior to Aprll 1997; and 3 bonus on pensions in payment in respect of post April 2006 service so that the pension increase was 2.7% Iwhere 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. 23
ANNUAL REPORT & FINANCIAL ACCOUNTS OF CHALFONT ST. PEfER'S PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 315T DECEMBER 2024 The next valuatlon Is due as at 31 December 2025. For the Pension Builder 2014 section, the valuation revealed a surplus of £8.5m on the ongoing assumptions used. Therels no requlrement for deflcit payments at the current time. The legal structure of the scheme is such that if another employer falls. Chalfont St Peter Parish Churches could become responslble for paying a share of the failed employerfs pension liabilities. NOTE 11: STAFF COSTS 2024 2023 Wages & Salarles $0¢Sal securltv C05t lafter Employer Allowance) Other penslon cost pald by Employer 18,535.00 355.22 1075.57 19,965.79 17.266.16 741.92 924.00 18,932.08 No employees recelved m[IneratIon of more than £60,00012023: none). The number of employees durlng th15 perlod Is 112023.. 11. NOTE 12: EQUIPMENT LEASE Mlnlmum lease payment5 ufKler noTrcaneellable operatlng 2024 2023 Within one year Between one and flve years 3,672.00 4,590.00 8,262.fKJ 3,672.00 8,262.00 11,934.00 NOTE 13: TRUSTEES, DONATIONS 2024 2023 Total glvlng of PCC members and thelr Spouses 11,618.23 11,618.23 10,663.00 10,663.00 The financlal statements were approved by the Parochial Church Council on 1410512025 and slgned on behalf of the Trustees by'.- Position: Vice Chairman Signature 24