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← The Parochial Church Council Of The Ecclesiastical Parish Of All Saints Leavesden

2023-12-31-accounts

All Saint’s Church Annual Report for 2023

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The Parish of All Saints, Leavesden

Annual Report

and

Financial Statements

of the

Parochial Church Council

For the year ending 31[st] December 2023

Correspondence Address: The Parish Office, All Saints Crescent, Garston, Watford, Herts, WD25 0LU email: office@allsaintslife.com Registered Charity Number 1160135

Incumbent:

Father Eddie Green Leavesden Vicarage, Horseshoe Lane, Watford, Herts, WD25 7HJ

Bankers: Lloyds plc, Intu Shopping Centre, Units 32 & 32a, Watford, Herts, WD17 2UB

Insurers:

Ecclesiastical Insurance plc, Beaufort House, Brunswick Road, Gloucester, GL1 1JZ

All Saint’s Church Annual Report for 2023

All Saints’ Leavesden – Annual Report 2023

This report is part one of a two part report for the Annual Meeting. This part fulfils the requirements of the Charities Act 1993. Part two comprises additional reports that the PCC wish to have presented to the Annual Meeting each year.

1.1 Background

The church of All Saints is situated in Leavesden In the deanery of Watford in the Diocese of St Albans.

All Saints Parochial Church Council (PCC) has the responsibility of co-operating with the Incumbent, in promoting, in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC also has maintenance responsibilities for the Parish Centre, All Saints Crescent, Garston. The PCC is a charity registered with the Charities Commission.

1.2 Membership

Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting in accordance with the Church Representation Rules.

During the year the following served as members of the PCC

Incumbent and Chair The Reverend Edward Green (from December 2013) Assistant Curate The Reverend Phillipa Maddox (until July 2023) The Reverend David Scourfield (from June 2023) Readers Mrs Wendy Simpson Mr Charles Porter Mr Stephen Davidson Wardens VACANT VACANT Deanery Synod Members Ms Frances Holmes (elected 2023-26) VACANT VACANT Elected Members (Year elected) Mr Brian Beavis (2021-24) Mrs Cynthia Campbell (2021-24) Mr John Waller (2021-24) Mrs Pamela Bishop (2022 -25) Mrs Rita Pritchard (2023-25) VACANT (2022-25) Mrs Catherine Houston (2023-26) Mrs Sam West (2023-26) VACANT (2023-26)

Co-opted Members Mrs Catherine Lawrence (Treasurer and Secretary)

All Saint’s Church Annual Report for 2023

1.3 Committees

PCC

The constitution of the PCC is governed by the Church Representation Rules. The PCC conducts major business as a whole committee.

Alongside the legal requirements of the PCC, its terms of reference require it to lead the Church in the outworking of its vision. This is facilitated by the delegation of many of its responsibilities to a range of committees and teams who are accountable to the PCC. The intention is to provide quality space on the PCC’s agenda for major discussions and development of the Church’s Life. The PCC seeks also to develop and sustain good communication through publishing the PCC priorities on the website and pew sheet. The PCC endeavours to encourage the congregation to take its full share of responsibility helping to live out the vision that it believes to be the fulfilment of the Church’s response to the Christian Gospel.

Chair: Father Eddie Green

Standing Committee

This is the only committee required by law. It has the power to transact the business of the PCC between its meetings, subject to any direction given by the PCC. It meets on the second Wednesday in the month prior to a PCC meeting. This is so that it can consider and plan items of business for the subsequent full Council. It has the authority to conduct other items of PCC business between meetings. Chair: Father Eddie Green

Finance Committee

This team has a clear brief to manage the finances of the PCC and report back to the PCC regularly on spending and budget. The team meets as necessary. Chair: Malcolm Sellen

Hall Committee

Hall business is currently being conducted by the Standing Committee

Pop Up Café Committee

This team has a clear brief to manage provision of Pop Up Cafe and report back to the PCC regularly on budget and community engagement. The team meets as necessary. Chair: David Scourfield

Stewardship

As ever, the first thing which we want to do is to thank all those who give to All Saints either financially or by contributions of time and talents. Fellow members of the congregation continue to support the work of All Saints in a huge variety of ways. Financial support remains, of course, vital to our continued operation, but contributions of time and talents remain equally essential if All Saints is to continue to serve the community as its parish church.

The payments which we receive from HMRC by way of Gift Aid are critical to our finances. During 2023 we were able to reclaim a total of £13,879 from HMRC, which made a vital contribution to our finances.

This year the way people give gifts to All Saints Church has settled into a post pandemic financial pattern across the blend of options we offer to suit different people’s needs. As of the end of 2023 6 people are giving by way of the blue envelope scheme, 4 using the card machine and 2 using online giving regularly and another 16 are giving by standing order.

All Saint’s Church Annual Report for 2023

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WAYS OF GIVING 2022
WAYS OF GIVING 2023
Online Cash Card Online Cash
Card5% 7% 7% Standing Order Envelopes 5% 5% 7% Standing Order
Envelopes 14% 13% 15%
17%
Parish Giving
Parish Giving
Scheme 50%
Scheme 55%
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In previous reports we have mentioned that the Parish Giving Scheme (PGS) offers a far more efficient way of handling donations with payments collected by direct debit and a central body making tax reclaims on our behalf and sending payments to the Treasurer on a monthly basis. 30 people have signed up to the PGS so far and it is working very well with Gift Aid repayments being made at monthly intervals without the need for annual returns at parish level. One-off gifts can also now be made through the PGS. As we have said before, we would be grateful if those still giving using other methods would consider moving to the PGS. New donors are always welcome and there are guidance postcards available in church which include a link to our PGS page: https://www.parishgiving.org.uk/donors/find-your-parish/leavesden-all-saints-watford/

This year we again took advantage of the Gift Aid Small Donations Scheme (GASDS), which allows the parish to claim gift aid on cash payments under £20 made in collections up to a maximum of £8,000 in total. There is no need under GASDS to provide Gift Aid declarations signed by individuals.

We shall, of course, continue to make claims in respect of individual donations made using the blue envelopes. We need to remind you again that whenever you use the blue envelopes for single donations the declaration on the front has to be signed and dated with the address and postcode shown. We have had to forego some claims because the declaration has not been completed fully.

As in previous years we need to repeat the important reminder for all of you who have completed Gift Aid declarations. Gift Aid claims are only valid where the donor has paid more tax than the amount which has been claimed by the parish on your gifts. If you are a non-taxpayer, therefore, you cannot complete a Gift Aid declaration. Whilst the Personal Tax Allowance has been frozen for several years, it remains very important that you check that you are still paying enough tax to offset the claims which we are making. If you are not, please let us know.

The church is also now able to take card payments. This is a convenient way of making a one off or regular donation using your card for those who do not carry cash. Gift aid is collected by filling in a blue envelope and marking it with Card and the amount, for taxpayers who specify this criteria when making the donation and handing it to the device operator when making your donation.

The church still also offers Just Giving as an alternative way of making a one off or regular donation via the link on our website www.allsaintslife.com or going to our Just Giving page using https://www.justgiving.com/allsaintschurchleavesden

Gift aid is collected automatically for taxpayers who specify this criteria when making the donation.

All Saint’s Church Annual Report for 2023

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Stewardship Monthly Gift
18
16
14
12
10
8
6
4
2
0
£0- £9 £10.-£19 £20-£29 £30-£39 £40-£49 £50-£59 £60-£69 £70-£109 £110+
Number of People 2020 Number of people 2021
Number of people 2022 Number of people 2023
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We have previously looked at generosity in bible readings and sermons in the hope to create a solid financial future. If everyone on the electoral roll gave regularly and moved up one step on the graph above it would go a long way in reducing the deficit in income we have and reduce the amount of reserves we use for the day to day running of our church.

To those who don’t, but could – please think, pray and act! To those that do, have you reviewed how you give and what you give this year? Please think pray and act!

If you would like to have a confidential discussion about stewardship and giving, please contact Frances Holmes.

Thank you

CATHERINE LAWRENCE/FRANCES HOLMES

Social and Fundraising

To coordinate events in the life of the parish to encourage community building and have an overview of events intended to raise funds for the work of the Church and the building up of God’s Kingdom. This committee is currently in abeyance Chair: Vacant

1.4 Church Attendance

There are 117 parishioners on the Church Electoral Roll.

Our weekly services are varied with SUNDAY having 8a.m. Communion (1662), 10a.m. Parish Eucharist, There are various midweek services.

We have continued to stream our 10am Service and offer restrictions still in our midweek service for those who are more vulnerable. The offer of Home Communion has recommenced and we have continued our Home Worship sheets.

The average Sunday attendance in person in October 2023 was 42 adults and 3 children Electoral Roll Officer: Andy Melling

All Saint’s Church Annual Report for 2023

1.5 Review of Year

The PCC met 5 times during 2023 usually on the 3rd Wednesday of the month either in person or via zoom. Business was also conducted via email. A monthly PCC briefing was circulated There was an average attendance level of 589%.

Committees met between PCC meetings according to need and reports of the deliberations and activities were made to the full PCC. Each PCC meeting had a subject for full discussion in areas such as:

Stewardship Safeguarding Mission Action Plan Health and Safety Loan of Vestments from St Peter’s Arch Deacon Inspection Pop Up Café Reordering of Lady chapel Weddings Net Carbon Zero Fund Raising Governance Bells Spire

The Standing Committee generally met monthly on the 2nd Wednesday of the month to plan the PCC agenda for the next meeting and occasionally at other times if there was an urgent matter to discuss or decision to be made.

In 2023 4 Baptisms, 0 Weddings and 17 Funerals were conducted

1.6 Safeguarding Report 2023 Report to APCM April 2024

The Parish is committed to the safeguarding of children and vulnerable adults and to supporting those who have been victims of abuse, as well as those who may present a risk to others. The PCC has complied with the duty under Section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to the House of Bishop’s guidance on safeguarding children and vulnerable adults). The PCC have adopted all the House of Bishops’ Safeguarding Policies and Practice Guidance, as well as “Promoting a Safer Church” (child protection and vulnerable adults policy) and the Domestic Abuse statement, at their meeting in 2023. The latter two documents are displayed in the Church and Church Hall.

We have a Parish Safeguarding Officer/Lead Recruiter and an Assistant Recruiter. Those who work with vulnerable groups in the Parish are recruited in accordance with the Practice Guidance Safer Recruitment July 2021. DBS checks are renewed every three years and all those who have been safely recruited and all members of the PCC, have undertaken the appropriate safeguarding training within the last 3 years.

Contact details for those wishing to obtain advice, raise any concerns or make referrals to the statutory authorities are with the safeguarding information which is displayed on the church notice board and the church website.

There is adequate insurance cover for all activities involving children or adults undertaken in the name of the Parish. There has been three issues of safeguarding concern reported during 2023. These matters has been dealt with according to the relevant safeguarding policies and guidance by the Parish Safeguarding Officer, the Vicar and the Diocesan Safeguarding Team.

All Saint’s Church Annual Report for 2023 Cynthia Campbell (Parish Safeguarding Officer) and Catherine Lawrence (Deputy Safeguarding Officer)

1.7 Church Wardens Report

With no Church Wardens elected at the APCM in 2023 Andy Melling and Barry Wenham continued in post until the end of their legal tenure at the end of August 2023 for which the PCC were extremely grateful. At this time the PCC and particularly the standing committee shared the responsibilities of the Churchwardens until the Annual meeting in 2024 The whole congregation were asked to think and pray on if this was a role they could take up.

With no Wardens the PCC continued to endeavour to represent the best interests of each of our congregations and groups, alongside supporting Eddie and the rest of the ministry team. The PCC continue to try and make our church, our worship and our other activities safe, accessible and welcoming for everyone.

In this time of transition the standing committee are grateful for all the people who have contributed throughout the year and taken on extra responsibilities.

Church Building

The Wardens are responsible for maintaining the church building and its contents.

The quinquennial inspection of the church building and churchyard was undertaken in 2022, and with no Wardens looking at the report any actions were postponed except emergency works. The Roof loan final instalment was paid completing this project.

The Bell rope broke during a service and as a temporary measure a hand bell was installed as a replacement. A plan has now been affected for a repair and this will be completed in early 2024.

Spire

A number of holes are now visible, in the spire and investigation has been made into a repair. Quotes are being sort and then grants will be applied for to enable us to proceed with the repair in 2024. Lady Chapel

The work is on hold until such time as the PCC have the capacity to project manager these works. Sidespeople

Sadly, our team of regular volunteers has shrunk over the year and we now often have only one person or nobody to welcome the congregation depending on the service. We hope that more people will be inspired to provide a warm welcome this coming year at our regular service and for people attending Baptisms, Weddings and Funerals.

We are grateful to all those who undertake this important role for the church Also, for undertaking the safeguarding procedures and training that are required.

Other Activities

We remained active in Leavesden Green. The Lighthouse Café is covered in a separate report. Churchyard

The maintenance of the churchyard and boundaries is the responsibility of Watford Borough Council, although various volunteers continue to help to keep nature under control by clearing leaves and tidying graves.

Church Hall

The Churchwardens continue to support the PCC and Hall Committee, who are responsible for the maintenance and running of the Hall. See Hall Committee report.

1.8 Financial

Brief Commentary

There is no Government funding for the Church nationally, so funds for the day to day running of the church to support its ministry and mission is provided by our congregations. In 2023 the good news is that we paid the last payment of our roof loan. However our Parish Share in 2023 was £54900 and we only paid £21721 leaving us with a £33179 shortfall as we had foreseen. We applied for a Support Grant from the Diocese for 2024 which the Deanery supported and the Diocese have now written off our outstanding debt of £15,000 from 2018 and agreed a reduced our share to £40248 for 2024. We therefore now have an outstanding debt with the Diocese of £33179.

All Saint’s Church Annual Report for 2023

The cost of running the church in 2023 remained at £305 per day, in 2023 with regular income slightly decreasing by £15 per day to £235 per day. A major impact this year was the rising costs as our fixed energy contracts expired and we replaced the boiler in the Hall and continued to catch up on maintenance. The shortfall in our income meant the PCC made the decision that we could not meet our Parish Share from Reserves as it would have left us with no contingency. This is an unsustainable position and based on current income, we will in all honesty be looking to the Diocese for a further Support Grant in 2025. Going forward this is a cause for concern which the PCC have been discussing at great length and our looking at our income generation from all sourcces.

Financial support is very much welcomed, although there is absolutely no church ‘membership fee’ Biblical guidelines make clear that Christian giving to God’s work through the church is a priority, and should be planned, regular and a suitable proportion of our income.

Whilst you always put money in the Collection when you come to church, as the pandemic highlighted, the church continued to provide ministry, week by week, even when you are unable to be at services in person, and it costs the same to provide ministry in this place whether you are here in person or not and we are hugely grateful to all those who have supported the church during this difficult time. This is why we encourage everyone to join the Planned Giving scheme , via www.parishgiving.org.uk or call 03330021271 using code 320632231 or alternatively, supporting the church via a regular monthly Standing Order with your bank or by using weekly envelopes, whereby you help to ensure a regular source of income for this church. We have also introduced the ability to take card payments in the Collection or using Justgiving for online https://www.justgiving.com/allsaintschurchleavesden . We would therefore ask you to prayerfully consider your contribution to All Saints for 2024.

Priorities for 2024 are to continue fund raising the money to pay for the Repair to the Spire and for General funds to pay the Share this year.

➢ Reserves:

The Fabric Fund is a restricted income and can not be used for general expenditure purposes. The Roof Fund includes grants and moneys raised for the Roof replacement and redecoration. The average interest rate we received was 5.26% during the course of the year.

The Giving Fund was set up following a large legacy bequest and the PCC agreed to set aside 10% (£8500) of the gift to give to charitable causes, in 2023 nil was dispersed.The PCC received a large legacy in 2019.

This year 1.02% of our income has gone to missionary work beyond All Saints.

Where does the money come from ?

For our day to day running costs, most of the money comes from you in planned giving, collections and the associated tax recovery.

All Saint’s Church Annual Report for 2023

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Where All Saints money Came From in
2022
Voluntary Income Activities for Generating Funds
Income from Investments Church Activities
Other Incoming Resources
Where All Saints Money Came from in
2023
Voluntary Income Activities for Generating Funds
Income from Investments Church Activities
----- End of picture text -----

How do we spend your money ?

From our general income, over half is paid to the Diocese to pay our clergy and the wider work of the Diocese and the Church

All Saint’s Church Annual Report for 2023

How All Saints spent it's money in 2022

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Fund Raising Costs Church Activities Governenance Costs Major Works Loan

How All Saints spent it's money in 2023

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Fund Raising Costs Church Activities Governenance Costs Major Works Loan

Accounting Policy

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and under the Charity Commission’s revised Statement of Recommended Practice (SORP) 2005.

These financial statements have been prepared on a receipts and payments basis and investments shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible by 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. An independent examiner has examined these statements whose report is attached.

Reserves Policy

It is the PCC policy to maintain a balance on general unrestricted funds (if possible) which equates to approximately three months unrestricted payments, to cover emergency situations that may arise from time to time.

It is our policy to hold reserves in short term deposit accounts and long term savings with CCLA Investment Management Limited who manage funds on behalf of the Church of England. In particular,

All Saint’s Church Annual Report for 2023

it is our policy to invest our Reserves in the interest paying CBF Deposit Account and the Paul Grey Trust Fund in the CBF Investment Fund.

CCLA, as part of the Church of England Ethical Investment Advisory Group, monitors its investments according to the Groups ethical investment policy, which includes avoiding investment such as armaments, gambling or tobacco. The Group carries out ethical investment research, develops policy and communicates this to the wider Church.

Investment Policy

In 1998 a £3000 Paul Grey Trust Fund was set up specifically for the upkeep of the Churchyard and the money invested in the CBF Investment Fund managed by CCLA Investment Management Limited. In 2022 a further £10000 was gifted to the Trust Fund. Current Valuations are in line with general market conditions. Investing in equities is a higher risk policy but over a period it was the view that these funds would gain in value at a greater level than had they been invested in sole interest paying funds.

Related Party Transactions

During the year, the following transactions occurred with related parties to the PCC:

Funds

Restricted Funds:

Represent a) income from trusts which may be expended only on those restricted objects provided in the terms of the trusts or bequest, and b) donations or grants received for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate fund, monies are held in a Restricted General Fund and as these funds are only held on a short-term basis, no interest is apportioned to individual objects.

Unrestricted Funds:

These are general funds which can be used for PCC ordinary purposes.

Incoming Resources

Planned giving, collections, donations and tax refunds are recognised when received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Dividends and interest are accounted for when received. All other income is recognised when received.

Resources Expended

Grants and donations are accounted for when they are paid over, or when awarded if that award creates a binding or constitutive obligation on the PCC. The diocesan parish share is accounted for when due. All other expenditure is generally recognised when it is incurred and accounted for gross (i.e. taxation included where chargeable, such as VAT)

All Saint’s Church Annual Report for 2023

Fixed Assets

Consecrated and benefice property is not included in the accounts in accordance with s.96(2)(a) of the Charities Act 1993.

Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property and as such not included in the accounts. These items are listed in the church’s inventory, which can be inspected (at any reasonable time). As items are acquired, the expenditure has been written off when incurred and therefore these items do not appear as assets.

The PCC holds one Trust fund in equity funds (stocks and shares) managed by CCLA Investment Management Limited. These assets are valued at market value at 31 December.

Church Workers Pension fund (CWPF) FRS102 December 2023 Year End

All Saints Leavesden participates in the Pension Builder Scheme section of CWPF for lay staff. The Scheme is administered by the Church of England Pensions Board, which holds the assets of the schemes separately from those of the Employer and the other participating employers.

The Church Workers Pension Fund has a section known as the Defined Benefits Scheme, a deferred annuity section known as Pension Builder Classic and a cash balance section known as Pension Builder 2014.

Pension Builder Scheme

The Pension Builder Scheme of the Church Workers Pension Fund is made up of two sections, Pension Builder Classic and Pension Builder 2014, both of which are classed as defined benefit schemes.

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

Pension Builder 2014 is a cash balance scheme that provides a lump sum that members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. This account may have bonuses added by the Board before retirement. The bonuses depend on investment experience and other factors. There is no requirement for the Board to grant any bonuses. The account, plus any bonuses declared, is payable from members’ Normal Pension Age.

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

The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme’s assets and liabilities to specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SoFA in the year are the contributions payable ( 2022: £983.49).

A valuation of the Pension Builder Scheme is carried out once every three years. The most recent was carried out as at 31 December 2016. A valuation as at 31 December 2019 was under way as at 31 December 2020.

For the Pension Builder Classic section, the valuation revealed a deficit of £14.2m on the ongoing assumptions used. At the most recent annual review, the Board chose not to grant a discretionary bonus, which will have acted to improve the funding position. There is no requirement for deficit payments at the current time.

For the Pension Builder 2014 section, the valuation revealed a surplus of £1.8m on the ongoing assumptions used. There is no requirement for deficit payments at the current time.

All Saint’s Church Annual Report for 2023

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

Budget for 2024

The Parish share for 2024 is £40248. This is what All Saints pays to the Diocese to cover the costs of:

  1. Our clergy

  2. The ministry costs. These are the costs associated with administrative and legal overheads, with the clergy training, General Synod and providing Diocesan staff who are a resource for the church.

  3. A 5% cost of living increase has been used when compiling the budget.

  4. 13 -

All Saints, Leavesden

Financial Statement for the Year Ended 31 December 2023

Receipts and Payments Accounts

Receipts
Voluntary receipts:
Collections at Services
3
Planned giving
3
All other giving/voluntary receipts
3
Grant Income
3
Legacies Received (Capital Value)
Gift Aid recovered
Activities for generating funds
3
Investment income
Church activities
3
Other income
Total receipts
Payments
Church activities:
Parish share
Clergy and Staffing costs
4
Church running expenses
4
Mission giving and donations
4
Building work and repairs
4
Administration Costs
4
Other expenditure
4
Cost of generating funds
4
Total Payments
Excess of receipts over payments
Transfers between funds
Cash at bank and in hand at 1 Jan
Cash at bank and in hand at 31 Dec
Note		 Total
Total
2023
2022
£
£
£
£
£
£
2,506.37 - - - 2,506.37 -
30,482.94 - - - 30,482.94 -
14,566.29 - 1,827.70 - 16,393.99 -
- - 1,307.00 - 1,307.00 -
- - - - - -
13,879.63 - - - 13,879.63 -
Unrestricted
Fund
Designated
Fund
Endowment
Fund
Restricted Fund
61,435.23 - 3,134.70 - 64,569.93 -
4,288.03 - - - 4,288.03 -
871.14 - 1,203.06 - 2,074.20 -
14,943.83 - 221.35 - 15,165.18 -
- - - - - -
81,538.23 - 4,559.11 - 86,097.34 -
21,721.50 - - - 21,721.50 -
17,667.35 - - - 17,667.35 -
20,497.93 - 1,150.76 - 21,648.69 -
879.38 - - - 879.38 -
3,187.15 - - - 3,187.15 -
3,192.01 - - - 3,192.01 -
1,309.37 - 1,780.89 - 3,090.26 -
68,454.69 - 2,931.65 - 71,386.34 -
9,174.91 - - - 9,174.91 -
77,629.60 - 2,931.65 - 80,561.25 -
3,908.63 - 1,627.46 - 5,536.09 -
4,878.86 -- 14,878.8610,000.00 - -
8,787.49 -- 13,251.4010,000.00 5,536.09 -
6,521.18 - 45,269.02 23,927.28 75,717.48 -
15,308.67 - 32,017.62 36,824.49 84,150.78 75,717.48

Statement of Assets and Liabilities

Cash Funds
Bank Current Account
5
Bank Savings Account
Deposit Account
6
Investment Assets at market value
Paul Grey Trust
7
Total Investments
Note
Note		 Total
Total
2023
2022
£
£
£
£
£
£
6,301.98 - 6,167.81 - 12,469.79 9,007.90
- - - - - -
9,006.69 - 25,849.81 - 34,856.50 42,782.30
Unrestricted
Fund
Designated
Fund
Restricted Fund
Endowment
Fund
15,308.67 - 32,017.62 - 47,326.29 51,790.20
Total
Total
2023
2022
£
£
£
£
£
£
- - - 36,824.49 36,824.49 23,927.28
Unrestricted
Fund
Designated
Fund
Endowment
Fund
Restricted Fund
- - - 36,824.49 36,824.49 23,927.28

Notes

1. The financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts & Payments basis.

2. The movement in designated and restricted funds during the year were:

Restricted
Roof Loan No 2
Reserves FAbric Fund
Reserves Giving Fund
Reserves Legacy
Reordering Reserves
Paul Grey Income
Utilities
RNP Pop UP café
Projector
Fabric
Endowment
Paul Grey Trust		 Bal b/fwd
Receipts
Payments
Transfers
Bal c/fwd
29.13 0.93 - - 30.06
300.75 - - - 300.75
1,250.00 - - - 1,250.00
13,007.00 - - - 13,007.00
- - - 4,488.00 4,488.00
15,571.87 1,202.13 -- 10,000.006,774.00
929.41 221.35 1,150.76 - 0.00
314.00 1,984.70 1,780.89 - 517.81
- 1,150.00 - - 1,150.00
- - - 4,500.00 4,500.00
45,269.02 4,559.11 2,931.65- 14,878.86 32,017.62
Bal b/fwd
Receipts
Payments
Transfers
Bal c/fwd
23,927.28 - - 10,000.00 36,824.49
23,927.28-- 10,000.00 36,824.49

Roof Loan No 2 - Restricted for the upkeep of the Church Roof

Reserves FAbric Fund - Restricted for the upkeep of the Fabric of the Church Reserves Giving Fund - Restricted for Charitable Giving by the PCC Reserves Legacy - Restricted for material projects decided by the PCC Reordering Reserves - Restricted for the use of the Reordering of the Lady Chapel

Paul Grey Income - In 1998 a £3000 Paul Grey Trust Fund was set up specifically for the upkeep of the Churchyard and the money invested Utilities - A Diocese Grant with use on payment of utiliy bills

RNP Pop UP café - Restricted for the setting up and running of Reaching New People Projects - Pop Up Café Projector - Restricted for the purchase of Projector equipment Fabric - Restricted for the upkeep of the Fabric of the Church

3. Receipts
COLLECTIONS AT SERVICES
Sunday Collections
PLANNED GIVING
Standing Order
Parish Giving Scheme Income
GIFT AID RECOVERED
Gift Aid Reclaim
Parish Giving Scheme Gift Aid reclaim
ALL OTHER GIVING/VOLUNTARY RECEIPTS
CAF & GAYE giving
Donations
Gift Aid Envelopes
Just Giving
Card Donations		 Total
Total
2023
2022
£
£
£
£
£
£
2,506.37 - - - 2,506.37 -
Endowment
Fund
Unrestricted
Fund
Designated
Fund
Restricted Fund
2,506.37 - - - 2,506.37 -
6,487.00 - - - 6,487.00 -
23,995.94 - - - 23,995.94 -
30,482.94 - - - 30,482.94 -
8,075.52 - - - 8,075.52 -
5,804.11 - - - 5,804.11 -
13,879.63 - - - 13,879.63 -
211.20 - - - 211.20 -
380.11 - 1,327.70 - 1,707.81 -
8,353.30 - 500.00 - 8,853.30 -
3,229.78 - - - 3,229.78 -
2,391.90 - - - 2,391.90 -
14,566.29 - 1,827.70 - 16,393.99 -
ACTIVITIES FOR GENERATING FUNDS
Bookstall
Fete
Other Fundraising
CHURCH ACTIVITIES
Non-charitable trading
Fees - Statutory
Hall Deposit
INVESTMENT INCOME
Dividends and Interest
GRANT INCOME
Non-Recurring Grants
4. Payments
CLERGY AND STAFFING COSTS
Clergy Expenses
Salaries
CHURCH RUNNING EXPENSES
Cleaning
Gas and Electricity Bill
Insurance
Service Costs
Maintenance
Water Bill
Governence
MISSION GIVING AND DONATIONS
Charities - Home (UK)
Charities - Overseas
BUILDING WORK AND REPAIRS
Loan
COSTS OF GENERATING FUNDS
Fund raising
Bookstall
Hall Running Costs
ADMINISTRATION COSTS
Bank charges
Stationery
Support Costs
Computer
Card donation costs
OTHER EXPENDITURE
Mission and Evangelism Costs
Churchyard Expenses
pop up café
children's work
5. Bank Current Account
Leavesden Parish Church PCC
Petty Cash		 157.90 - - - 157.90 -
2,272.40 - - - 2,272.40 -
1,857.73 - - - 1,857.73 -
4,288.03 - - - 4,288.03 -
11,376.83 - 221.35 - 11,598.18 -
1,667.00 - - - 1,667.00 -
1,900.00 - - - 1,900.00 -
14,943.83 - 221.35 - 15,165.18 -
871.14 - 1,203.06 - 2,074.20 -
871.14 - 1,203.06 - 2,074.20 -
- - 1,307.00 - 1,307.00 -
- - 1,307.00 - 1,307.00 -
Total
Total
2023
2022
£
£
£
£
£
£
2,808.08 - - - 2,808.08 -
14,859.27 - - - 14,859.27 -
Restricted Fund
Endowment
Fund
Designated
Fund
Unrestricted
Fund
17,667.35 - - - 17,667.35 -
381.99 - - - 381.99 -
2,043.81 - 1,150.76 - 3,194.57 -
3,308.25 - - - 3,308.25 -
3,911.65 - - - 3,911.65 -
9,076.44 - - - 9,076.44 -
471.80 - - - 471.80 -
1,303.99 - - - 1,303.99 -
20,497.93 - 1,150.76 - 21,648.69 -
799.38 - - - 799.38 -
80.00 - - - 80.00 -
879.38 - - - 879.38 -
3,187.15 - - - 3,187.15 -
3,187.15 - - - 3,187.15 -
1,113.94 - - - 1,113.94 -
152.40 - - - 152.40 -
5,358.57 - - - 5,358.57 -
6,624.91 - - - 6,624.91 -
221.44 - - - 221.44 -
452.70 - - - 452.70 -
2,476.27 - - - 2,476.27 -
14.40 - - - 14.40 -
27.20 - - - 27.20 -
3,192.01 - - - 3,192.01 -
95.49 - 718.53 - 814.02 -
198.60 - - - 198.60 -
40.00 - - - 40.00 -
975.28 - - - 975.28 -
1,309.37 - 718.53 - 2,027.90 -
Total
Total
2023
2022
£
£
£
£
£
£
6,288.53 - 6,167.81 - 12,456.34 8,994.45
13.45 - - - 13.45 13.45
Unrestricted
Fund
Designated
Fund
Restricted Fund
Endowment
Fund
6,301.98 - 6,167.81 - 12,469.79 9,007.90
6. Deposit Account
Reserves
Roof Loan No 2
Paul Grey Trust		 Total
Total
2023
2022
£
£
£
£
£
£
9,006.69 - 19,045.75 - 28,052.44 27,181.30
- - 30.06 - 30.06 29.13
- - 6,774.00 - 6,774.00 15,571.87
Restricted Fund
Unrestricted
Fund
Designated
Fund
Endowment
Fund
9,006.69 - 25,849.81 - 34,856.50 42,782.30

7. Investments

Further Details

Paul Grey Trust (In 1998 a £3000 Paul Grey Trust Fund was set up specifically for the upkeep of the Churchyard and the money invested in the CBF Inves

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustees THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF ALL SAINTS LEAVESDEN On accounts for the year ended DECEMBER 2023 Charlty no (if any) Set out on pages Adrlifrnn I report to the Irustoes on my examination of the accounts of the above charity {"Ihe Trust") for the year ended Rosponslbllltles and basis of report As the charity's truslees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Acl 2011 (°the Act'l. I report in respect of my examination of the Trust's ac(x)unts carried oul under section 145 of the 2011 Act and in carrying out my examination, I have fallowed all the applicable Directions given by the Charity Commission under section 145{5)Ib) of the Acl. Independent tT examinerfs statement ua l rf not applicable. I have completed my examination. I confirm that no material matters have come to my attenlion in connection with the examination (other than thal disclosed below ") which gives me cause to believe that in, any material respect.. the accounJng records were not kept in accordan￿ with section 130 of the Charities Act. or the accounts did not accord with the accounting records., or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets if they do not apply. Slgned: Date: Name: AI Relevant professlonal qualificatlon(s) or body {If any): IER Oct 2018

Address: i (Jo dczie 14ill Pottrecs 6cLf 14e /kg an Section B Disclosure Only complete rf the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: d1￿CtionS and guidance for examiners). Give here brlef detslls of any items that the examiner wlshes to disclose. IER Oct 2018