REGISTERED COMPANY NUMBER: 00083122 (England and Wale51
REGISTERED CHARITY NUMBEA: 504682
REPORT OF THE TRusfEES AND
FINANCIAL STATEMENTS REVIEWED by
INDEPENDEPU EXAMINATION
FOR THE YEAR ENDED
31ST DECEMBER 2020
FOR
THE INCORPORATED LEEDS CHURCH
ExfENSION SOCIETY
¥AACRSE49"
1010912Q1
COMPANIES HOUSE
A16
#184
Thomas Coombs Limited
Chartered Accountants
3365 The Pentagon
Century Way
Thorpe Park
Leeds
West yorkshire
LSIS 8ZB

THE INCORPORATED LEEDS CHURCH
EXTENSION SOCIETY
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDE031ST DECEMBER 2020
Page
Reference and Administrative Dètails
Ito2
Report of the TrustÈes
3to6
Independeni Examiner's Report
Statement of Financial Aciivitie5
Balance Sheet
9tolO
Notes to the Financial Statement5
iito20
Oetailed Statement of Financial ActNities
21

THE INCORPORATED LEEOS CHURCH
EXTENSION SOCIETY
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31ST DECEM8ER 2020
TRUSTEES
The Rerfd Canon S. J. C Corley
The Rerfd Canon R. E. Hayes
The Re¢d P. Arnold
Theven P. N. Ayers
Mr R. J. Bulterfield
Mrs 8. Pearson
Mrs J. Read
Ms C. M. Smith
Mrs A. Smith
Mr F. N. Willetts
Mr B. Kinsey
Mr O. Y. Dredge
Retired 7, July 2020
Retired 10 March 2020
Retired IO, March 2020
CHAIR
The Re¢d Canon S. J. C Corley
PRESIDENT
The Rector of Leeds IRerfd Canon S. J. C. Corley)
TREASURER
Mr D. Y. Dredge
COMPANY SECRETARY
Mr R. J. Butterfield
ELE￿E0 MEMBERS
The Ven P. N. Ayers
Mrs J. Read
Mrs A Smith
The Rerfd Canon R E Hayes
Mr B Kinsev
Mr F N Willetts
Due to retire 2022
Due tts retire 2022
Due io retire 2022
Due to fetire 2023
Oue to retire 2023
Due to retire 2021
PATRON
The Bishop of Leeds (The Rt Rev'd Nick Bainesl
Page I

THE INCORPORATED LEEDS CHURCH
EKfENSION SOCIETY
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THEYEAR ENDED 31ST DECEMBER 2020
REGISTERED OFFICE
Leeds Min51Èr.
KifkBate,
Leed5,
LS2 7DJ
REGISTERED COMPANY NUMBER
CfQ83122 IEngLHnd and Wale51
REGISTERED CHARtTY NUMBER
504682
INDEPENDENT EXAMINER
Christopher Dan¥in FCA
Thomas Coombs ts'mited
Chartered Accountants
3365 The Pènta8on
Centtsry Wav
Thorpe Park
Lee(Is
West Yorkshire
LSIS 8ZB
50LICITORS
wrigl￿S Solicitors LLP
19 Cookrdige Street
Leeds
LS12 3AG
PRINCIPAL 8ANKERS
CAF Bank Ltd
25 Kings Hill Avenue
King5 Hill
West Malling
Kent
ME19 4QJ
INVESTMENT MANAGERS
CCLA
Senator House.
85 Queen Wi¢toria St,
London,
EC4V 4Er
Page 2

THE INCORPORATED LEEDS CHURCH
EXTENSION SOCIErY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST DECEMBER 2020
The Trvstees. who are also directors of the tharity for the purposes of the Companies Act 2006, present their report
with the f5nancial statements of the charity for the year ended 315t December 2019. The trustees have adoptÈd the
provisions of Accounting and Reporting by Charities.. Statement of Recommended Prauice applicable to charities
preparing their a¢¢ounts in accordance with the Financial Reportin8 Standard applitable in ihe UK and Republic of
Ireland IFRS 1021 leffertive l January 20151.
OBJECTIVES AND ACTIVITIES
Objectlves and aims
The main objects of the Society are to aid further and extend the work of the Church of England in the Archdeaconry of
Leeds, namely to help provide or obtain rhe finance for mission halls and new parish thurche5 and vicarages. assist with
the stipend5 of both cler8y and layworkers. and help maintain and re-order churches and church halls- in addition grants
are made to chvrch community and similar outreach activities within the Archdeaconry of Leeds.
Slgnlflcant activltle5
All applications are carefully examined to ensure they fall withsn the objects of the Society.
In considering
applications for grant aid from parishes and oiher Anglican bodies, the Committee seeks to achieve a balance between
the need5 of each applicant. the resources and expected fund raising of each applicant. and thelunds cvrrentlyavailable
within the Society.
Applicants ore requsred to Bive full information to enable the Society to allocate the income
available for grant aid in as fatr and helpful a way as possible.
The capital of the trust peftainin8 to The Leed5 UnNer5ities Anglican Chaplaincy Fund Iformerly the Leeds Emmanuel
Institute Fund) arises from the sale of Emmanuel Institute and is held primarilyto complete the re-or¢Jering of Emmanuel
Church and any further work of a capiial nature needed to assist the work of Anglican chaplains within the two
universities. The incorne from the remainin8 capital is applred in accordance wilh the terms of the tTUSt, namely the
support of Anglican Ministry based on Emmanud Chaplaincy ￿nIfe.
Public benefit
In accordance with their duties pursuant to Section 4 Charities Att 2￿6. Ihe Tfusiees have considered the Chariiws
objects and attivities in the light of the Chartty Commission's general guidance on publ￿ benefit -Charrties and Public
Benefit".
In relation to the first limb of the public benefit test set out in the guidance. the objects are defined in the Mernorandum
of Assouation and the Trustees are Satisfied that each of these is of benefit to the public.
In ￿latiOn to thè second lirnb of the test, the Trustees efisure thal the public at large benefjt frorn the activities of the
Charity and that there 15 no private benefit, incidental or olherwise. The Trustees regularly keep the activities of the
Charity under review. to ensure that they are of 5uffioent benefit to the public.
ANNUAL REVIEW
Tru5tees' Report
The past year will be remembered as one to forget. a5 churches have grappled with rhe multiple challenges presented
by the Covd-19 epidemic_ Cycles of lockdown and reopenin& only to lockdown again have made plannin8 all but
irnpossible. Nevertheless. church life has continued. with adaptations to enable more limited acts of worship to
continue onsitè, community service and support activity for thosè in need and new manifèstations ol chur¢h by
virtual mean5.
Given all these challenges. it is perhaps surprising that so much building work and so many new sthemès have been
taken forward. Redyced church vse has clearly provided opportunities. with time to plan capital investments and to
carry out intrusive building work withoui interfering with the normal pattem5 of worship and community activily.
Page 3

THE INCORPORATED LEEDS CHURCH
EXTENSION SOCIErY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST DECEMBER 2020
TT115tees' Report Icont'dl
Two lar8escale pro1￿t$ that were supported by LCES and are of Breat stfaie8ic importance for the church, were
completed over this period.
St Pauls Ireland Wood has a lon8 associaiion with LCES. havin8 been built with our support. Now home to a church
planting project io grow the church in this part of Leeds. Ihe comprehensive refuibishment pro8ramme has rnade
this buildin8 fit for the purposes of today and will help lo ènable the church to fulfil its mission and ietonnect with
the local community.
Holy Trinity Boar Lanè 3150 received LCES fundin& and like St Pauls, this complementèd 518nificant investment frorn
the Church of England's Strategic Development Fund. Work on thts Grade l Listed Building in the tentre of Leeds
began in May 2020, with the closure of adjacent Shops and bar5 enablin8 scaffoldinB works and stone repairs to be
carried out without any disruption to busine55. The building ha5 been tFan5formed inside and out, and we look
forward to the launch of a new weekday ministry to young professional people working in the city centre in 2021.
A furrher five 8rants were awarded durin8 the year.
Aside from the work of distributing grants, the Leeds Church Extension Society has continued to make progress in
rationalising our arian8ements fof banking and investment management. thanks io the focused work of our
Treasurer. The Society is now equipped to run its affarfs by iniernet banking which will help to sireamline making
grant awards in future. More significantly. was the consolidation of our investments with the CCLA Investment Group,
Ltsin@ the CBF Church of England Invesiment Fund. This is the culmination of several yearfs work to understand our
holdings and ihe associaied covenants. and to manage the transfer despite rhe disruption io financial markets this
year. The new investment funds are also ethically mana8ed, in line the Church of England's Ethical Investment
Advisory Group's policies.
There have been changes to the 8oard of Trustees durin8 the year and we thank oul-going truslees the Reverend
Phil Arnold, Mrs Beity Pearson and Ms Carol Srnith for their 5ervice_
After a year of challenge and change for churthes as they have responded to Covid-19. we can expect some long-
term adjustments in the ways that they operate and seek to fulfil their mission. The Leèds Church Extènsion Sotiety
can certainly expect future bids to be informed by Ihis experience of churches and we will be ready to support therri.
Richard J. 8utterfield
Icompany Secretary)
FINANCIAL REVIEW
Frnancial position
The society reports a deficit of income over expenditure for the year ended 31° December 2020 in the sum of £16,391.
12019.. £212.489 deficit). Grants totalling £62,400 were awarded during the year. A £40.￿0 grant Itechnically a
release of fund51 made io All Souls 81ackman Lane was drawn down from accumulated restricted income 8enerated by
investments of the C & R. E. March bequest. Investment income fell against the previous year. and the vaSve of
investments held was reduced by £151.797. reflectine the impact of the Covid 19 pandemic on stock mafkets across the
world. When Ihis is taken into account, the net iedu¢tion in funds over rhe year amounied to £168.188.
Investment policy and objectlves
The InvestrnÈnt Strategy of the Society was feviewed during the year in the light of concerns about..
The ethical credentials of the existing portfolio.
Deficiencies in its management and the arrangements in place with external financial advisors.
Page 3

THE INCORPOAATED LEEDS CHURCH
E￿ENSIoN SOCIETY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST DECEMBER 2020
FINANCIAL REVIEW Iconl'dl
Less than helpful relatiorb5hip5 With investment institutio￿,
The potential liability and lack of indernnily of Trustees in the making of ifivestment decisions,
A desire to increase the efficiency and effectiveness of the Society in the light of its developing ministry and
rnission.
The emerging needs ol the church in Leeds resultinB from of Diocesan initiatives and re-organisation.
This review fesulted in a decision to move the So¢ieVs portfolio to an ethical irtvestment vehicle under the
0i5crelionary Management of CCLA. Accordin8ly, the institutions were asked to redeem the Society's holdings in
September 2020. For the m05t parL this wa5 achieved with only rninor problems, but the holding in the Charities
Property Fund wa5 not finally redeemed until after the ye3r-end. In fairness. the impact of the pandemic can be cited
s reasons for this delay. Redemption of the 31 group 5hare5 15 ongoing because the list of authorised signatories is
out of date and the re8lStrar (Equinitil requires additional documentatron to accept the update.
The opportunity to consolidate the investments separately as Endowment Funds and Disbursable Funds was taken wilh
income being collected into a third income generating deposit account.
8ank account ratlonaNsatlon
This was held up because of the late redemption of the CPF investments. CPF income was paid into fund-specific bank
account5 and these were held open until such time a5 ihi5 was no lon8er the case. A5 a consequence of the delay. the
cash at bank figure shows a deficit on ihe General Funds account because monies held in investments were in the wrong
pla¢e. Bank accoLFnts ale no longer spe¢ific io individual funds because Fund accounting is carried out within the
ccounling software
Once Ihe CPF monies have been r*invested and CAF bank accounts reduced to one. this discrepancy will self-correct.
Income will be drawn down from thè CCLA distribution account following each meeting of the comrnittee in order to
fund grants made at that rneetin8. A balance to cover day-to-day expenses will be held with CAF Bank.
Reseryes policy
The capital tunds of the Society are the result of the giving and endowment of parishes and individuals since the
formation of ihe Society in 1864. especially by those whose names are associated with Specific trusts.
The Society
relies on the incomefrom the investment Of these endowmentsas the majorsource of fvnds with which to assistcurrent
and future applications for grant aid.
The in¢orne of the March and Pitts trusts are restricte(J to ￿rt81Th parishes. Most of the a¢¢umulated March Trust
incorne has been disbursed in thÈ lorm of grants to three of the benÈficiary churches over the last couple of years.
Only a Small amount of income Ès therefore available from the investment of the capital.
The current policy con￿mIng legaoes is that ihose under £IO.O(*J are. unless thÈ terms are to the contrary, regarded
as available for the general purposes of the Society in the year of receipi. Le8a¢ie5 Of £lO.OC(i and over are, unless the
terrns are to the contrary. iegarded as capital, and invested as sud).
Land and Buildings
During the year. Ihe process of transferring the land and buildings owned or held by the Souety as Custodlan Trustee
to the Oiocesan Board of Finance was beEun. These wefe not valued in the accounts but the committee believe that
thè market value wa5 $18nificanlly in excess of the carrying Value bul in the absence of a current value, this could not be
quantified.
srRUCTURE, GOVERNANCE AND MANAGEMENT
Governlftg document
The Incorporated Leeds Church Extension Society (The Societyl is a company. lirniled by guarantee. being incorporated
on 41h January 1905 and a5 such, its governing docvment is the Mernorandurn and Articles ofAssociation.
Page 5

THE INCORPORATED LEEDS CHURCH
EXTENSION SOCIETY
REPORTOFTHE TRUSTEES
FOR THE YEAR ENDED31ST O£CEMBER 2020
STRucfuRE, GOVERNANCE AND MANAGEMENT {conVdl
Charity constitution
The Society was intorporated interolio to take over the assets and liabilities of thè former vnincorporated societies of
the same namè. originally formed in 1864.
Subjert to the Memorandum and Articles of Association. the Societys affairs are conducted in accordance wilh the
guidèlines and Standing Orders adopted on 27th March 2012. amended 4th November 2014.
As the Company is a tompany limiied by guarantee no shares are in issue and accordingly. there are no share interests
to be disclosed.
Appointment and Re¢rultment of New frullees
New Cornmittee members are recruited on ihe personal recomfflendal40n of existing mernber5 and who have agreed
to serve, are appointed or elected to the Committee.
OT8anisational Struciurt
The Committeè convenes three times each year in older to consider applications for granis, to consider other matters
of trusteeship and io receive reports. including those concernin8 the investments of the Society.
The Committee consists ol..
The Officers of the Soriety, namety the PresidÈntlChair. Secretary. Treasurer and any other offices the
Committee thinks fit. The officeof Pr￿ident/chaIr 15 held exofficio by the Rector of Leeds lassumin8willingness
to $0 act). The other officers are appointed by the Committee as needs arise.
Not le55 than 9 or mole than 12 elected persons. of whom no more than one third shall be clergv.
Persons
are normally elected at Annual General Meetings when one third of elected members reiire from office but
re eligible for re-election. Casual vacantye5 May be filled by the Committee.
The management of the Society's investments is Carried out by the So¢ietV5 officers in accordance with the agreed
Investment Strategy.
Members of the Management Committee
The Members of the rnanagement committee who held office during the year 2020 are listed within the a(Jministrative
information pages. The Members of the management committee are also ihe Trustees and Directors of the Society.
Key management remuneration
There are no additional pefsonnel employed by the Chafitywho act in key managemeni roles other than the Committee
of Trustees. The attivities of ihe Charity are overseen by the Committee and managed by the Chair, Secretary and
Treasurer.
Related parties
No person related to any of the trustees supplies. or is paid to suppty. any goods or seThi￿ to the ctr>arity.
Approved by order gf the board of trustees on IS Juty 2021 and s￿ned on its behalf by:
Richard J. 8uiierfield Isecretaryl
Page 6

INDEPENDENT EXAMINER'S REPORTTO THETRUSfEESOF
THE IhlCORPOAATED LEEDS CHURCH
EXFENSION SOCIETY
Independent eMaminer'5 report to the trustees of The Incorporated Leeds Churth Extenslon Soclety I'the CompanVI
I report lo the charity trustees on my examination of the accounis of the Company for the year ended
31" December 2020.
Responslbllltles and basis of rewt
As the charity's trustees of the Company land also its directors for the purposes of company lawl you are responsible
for the preparation of the a¢¢ounts in a¢¢ordante with the requirements of the Companies Act 21XJ61'the 2006 Act'l.
Having satisfied myself that the accounts of the Company ale not required to be aydited under Part 16 of the 2006 Act
and are eligible for incsependent examtnation. I report in respect of my examination of your charity's accounts as cafried
out under section 145 of the Charities Act 20111.ihe 2011 Act'l. In carrying out my examination I have followed the
Directions given by the Charity Commission under sertion 14515) Ibl of the 2011 Act.
Independent examlner's statemeni
I have completed my examination. I tonfirm that no matter5 have come to my attention in connection with the
examination giving rne cause to believe that 111 any material respect..
a¢¢ouniing records were not kept Fn respect of the Company as required by section 386 of the 2006 Att.. or
the account5 do not accord wilh those records.. or
the accounts do not cornply with the accounting requirements of section 396 of the 2(X16 Act other than any
requirement that the accounts give a true and fair view which ts not a matter considered as part of an
independent examination.. or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities applicable to charities preparing their
accounts in accordance with the Financial Reportin8 Standard applb¢able in the UK and Republic of Ireland IFRS
1021
I have no concerns and have come across no other matters in ctsnnection with the examination to which attention
should be drawn In this report in order to enable a proper understanding of the accounts to be reathed.
Christopher Darwin FCA
Thomas Co¢)mbs Lirnited
Chartered Accountants
3365 The Pentagon
Century Way
Thorpe Park
Leeds
West Yorkshire
LS15 8ZB
Oaie.. 15, July 2021
Page 7

THE INCORPORATED LEEDS CHURCH
EXTENSION SOCIETY
STATEMENT OF FINANCIAL ACTivmES
FOR THE YEAR ENDED 31 DECEMBER 2020
2020
2019
Endowment Toial funds Total fund5
funds
Unrestrirted
fund5
Restrirted
funds
Note5
INCOME ANO ENDOWMENTS
FROM
Charitable activities
Incoming resources from
chariiable activities
810
810
400
Investment income
35339
13.441
48,780
63.884
Totsl
36.149
.441
49.590
64.284
EXPENDITURE ON
Charitable artivities
Support costs
Costs incurred on chaiitfs
objects
3.266
315
3.581
2.950
21.400
41.IXIO
62,400
273.823
Total
24.666
41.315
65.981
276.773
Net gains/l105sesl on
investments
198.932}
114.6941
138.1711
1151.7971
136.846
NET INCOME
(87M91
{42.%81
138.1711
1168.188}
175.6431
Transfers beiween fvnds
13
216
12161
Net movement In funds
187,2331
142.7841
138.1711
1168,1881
175.6431
RECONCILIATION OF FUNDS
Total funds brought forward
827.926
124.871
659.522
1,612.319
1,687,962
TOTAL FUNDS CARRIED
FORWARD
740.693
82.087
621,351
1.444.131
1.612,319
CONTINUING OPERATIONS
All income and expenditure has arisen from continuin8 activitie5.
The notes form part of these finanoal statements
Page 8

THE INCORPORATED LEEDS CHURCH
EXTENSION SOCIErY
BALANCE SHEET
AT 31ST DECEMBER 2020
2020
Endowment Total funds
furhd5
2019
Total funds
Unrestricted
funds
Restricted
funds
Notes
FIXED ASSETS
Investments
li
793.035
592.315
1.385.350
1.633.670
CURRENT ASSETS
Oeposits- Board of finanee
Cash ai bank
1,730
81.358
9,038
62,693
147.7011
29.036
149,211
1403931
83.088
29,036
71.731
149.211
CREDITORS
Amounts fallin8 due within one
year
Acuuals
12
110.7501
11.2001
11.0001
111.750)
11.20LI)
1169.0481
11.5241
111.9501
11,0001
112.9501
1170,5721
NETCURRENT
ASSETSIILIABILITIESI
IS2.3431
82.088
29.036
58.781
121.351
TOTAL ASSETS LESS CURRENT
LIABILITIES
740.692
82m8
621351
1.444.131
1.612.319
NET ASSETS
740.692
82.088
621.351
1.444.131
1,612,319
FUNDS
Unrestricted funds
Designated Funds
Restricted funds
Endowment funds
13
733.814
6A78
82.088
621.351
816.560
11.366
124,871
659,522
TOTAL FUNDS
1.444.131
1.612,319
The note5 form part of these financial slaternents
Page 9

THE INCORPORATED LEEDS CHURCH
EXTENSION SOCIErY
8AL4NCE SHEET- CONTINUED
AT315T DECEMBER 2020
The charirable company is entitled to exemption frlyn audit under Section 477 of the Companies Act 2006 for the year
ended 31st Oecember 2020.
The members have not required the charitable company to obtain an auditof its financial statements for the yearènded
31st December 2020 in accordan￿ with Section 476 of the Compan￿5 Aci 2LX)6.
The trustee5 acknowledge their responsibilities for
lal
ensuring that the charitable company keeps accouniing iecor(ts ihat comply with Section5 386 and 387 of the
Companies Act 2006 and
preparing financial statements which give a true and fair view of the state of affairs of the charitable company
as ai the end of each financial year and of it$ surplus or defhcit for each finanual year in èccordance with the
lequirements of Sections 394 and 395 and which otherwise complywith the requirernents of the Companies Act
2CK)6 relating to financial statements. 50 far a5 applicable to the charitsble company.
Ibl
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies
Act 2006 relatin8 to small tharitable tompanies.
The financial statements were approved by the Board of Trustees on 15 July 2021 and were signed on its behalf bv..
S. J. C. Corley- Chair
R. J..8utterfield - Secretary
D. Y. Dredge- Treasurer
The notes form part of these finanoal statements
Page 10

THE INCORPORATED LEEDS CHURCH
E￿ENSIoN SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER2020
ACCOUNTSNG POLICIES
Basis of preparing the financial statèmènts
The financial 51atements of the charitable company, which 15 a public benefit entity under FRS 102. have been
prepared in accordance with the Charities SORP IFRS 1021'Accountin8 and Reporting by Charities: Statement of
Recornmended Practice applicable to charitie5 preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20151.. Financial
Reporting Standard 102 The Financial Reportin8 Standard applicable in the UK and Republic of Ire13nd' and the
Companies Act 2006. The financial statements have been prepared under the historical cost conventson with the
exception of investmenis which are induded at market value. as modified by the revaluation of certain assets.
The financial siatements are prepared on a going toncern b8Sis under the historical tost convention, modified
to include certain item5 at fair value. The ffinanoal Statements are presented in sterling which is the functional
currency of thÈ charity and rounded to thÈ nÈarest £.
The si8nificant accounting polioes applied in the preparation of these financial statements are set out below.
These policies have been consistentty applied to all years presented unless otherwise stated.
Flnanclal reporting standard 102- reduced dlsdosure ememptions
The charity has taken advantage of the followin8 disclosure exemption in preparing these financial statements.
as permitted by FRS 102 'The Financial Reporiing Standard applicable in the UK and Republic of 5reland':
the requirements of Section 7 Statement of Cash Flows.
Income
Voluntary income
Voluntary income is received by way of subscriptions, donations and gifts. legaoes, and ¢ontributions and is
uedited 10 the accounts on a receipts basis. All income is indvded gross in the financial statements.
Investment Income
Bank interest is inclvded in ihe SOFA on receipt_ DNidends and other interest are included in the SOFA account
on receipt including any appropriate tax credit.
Expenditure
Liabilitie5 are Te¢ognised as expenditure as soon as there i% a legal or constructive obligation committing the
charity to that expenditure. it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligaiion can be measured reliably. Expenditure is accounted for on an accruals basis and
ha5 been classifted under headings that aggregate all cost related to the category. Where costs cannot bedirectty
ttributed to partitL¢lar headings they h3vÈ been allocated to 3Ctivities tsn a basis con515tent with the usè of
resources.
Grants payable ale attounted for when they are awarded. Any grants remaining unclaimed at the year-end
are accounted for as creditors.
The Chariws grant policy is as disc105ed in the Cornrnittee of Managernerbt
Report.
All grants are payable tn furtherance of the Chariws objective5.
Support Costs
Support Costs are those that assist ihe Work of the charity but do not directly represent charitable activitie5
and include office costs and govemance costs. They are incurred directly in support of expenditure on the
objects of the charity.
The notes form part of these financial statements
Page 11

THE INCORPORATEO LEEDS CHURCH
EXTENSION SOCIETY
NOTES TO THE FINANCIAL STATEMEPtrs- CONTINUED
FOR THE YEAR ENDED 315T DECEMBER 2020
ACCOUNTING POUCIES- c¢•fttinued
Herltage assets
The Society has, in its owneiship, land and buildings. These assets have not been included on the balance sheet
since reflecting their nature. le8al and historical past it Is consKlered not pra¢tical or possible to obtain valuations
of these a$5ets_
The Sooety holds the following propertie5 that are not valued in the accounts..
General purposes=
Parish of Halton. St. Wilfrid: land aéjoining the Chufch
Parish of Ireland Wood. St Paul.. land adjoining the Church
Parish of Epiphany. Gipton.. land adjoining the Church
Custodian trustee..
Parish of Pottemewton. St. Martin= St. Martin's Institute
Parish of Roundhay. Sl. Edmund." land adjoining the Church
Taxation
The chanty is exernpt from corporation tax on its charitable activities.
Fund accountinK
Unrestricted funds can be used in accordance with the charitable objectNes at the discretion of the tIU5tees.
Re5trirted funds are ihose which can only be used for particular resrricted purposes within the object5 of the
Charity. These are either those ihai are donaied for Specific purposes or are income generated by endowment
funds bound by a restriction to given purposes. Restrictions arise when Specified by the donor or when funds
are raised for particular restricte(I purposes.
Permanent endowment funds are transactions and other evènts, except investment revaluations. which
increase or decrease the amount of permanently endowed fvnds are dealt with in Ihe statement of financial
adivities.
Further explanation of the nature and purpose of eath fund is induded in ihe notes to the financial statements.
Investments
Long term investments are classified as fixed assets. Fixed asset inve5tment5 which are listed on a recognised
stock exchange are valued at their market value at the year end. Difference5 between market value and original
cost are di5dosed in the statement of investment gains and transferred to the balance sheet.
Profit and10s5es arising on the disposal of investments are disclosed In the statement of investment gains and
transferred to the balance sheet.
Any gifted investments are recognised at their rna￿*t value at the lime of the gift.
Credltors payable within one year
Creditors with no stated interest rate and payable within one year are recorded at transaction Pfice. Any losses
rising from impairment are recogni5ed in expenditure.
Status
The Society is a company limited by guarantee. formed in 1905 otherwise than for p¥ofit, exempt from the
requirement io use the word 'limited' and iegistered as a tharTrty- rhe liability of each mernber is restricted to
EOS0
The notes form part of these finanoal starements
Page 12

ThE INCORPORATED LEEDS CHURCH
E￿ENSIoN SOCIETY
NOTES TO THE FINANCIAL STATEMEKfs- C014TINUED
FOR THE YEAR ENDED 31ST DECEMBER 2020
INVESfMENT INCOME
2020
2019
Dividends
Deposit actount interest
48.774
63,788
106
48.780
63.884
CHARITABLE AcfiviTIES
2020
2019
Parochial contributions
810
400
The toial parochial contributions during the year were as follows:
2020
2019
Barwick, All Saints
Bramley. St Peter ènd St Margaret
Garforth. St Mary
Harehills. St Cyprian
Meanwood. Holy Trinity
Potternewton. St Martin
50
260
200
200
loo
200
SQ
810
CHARITA8IE ACTIVITIES COSTS
Grants awarded Support tosts
(See nole 51 Isee note 61
Totals
Costs inturred on tharity's objeets
Support costs
62,400
62.400
3.581
3,581
62￿00
3.581
65,981
The note5 form part of these financial statements
Page 13

THE INCORPORATED LEEDS CHURCH
EXTENSION SOCIETY
NOTES TO THE FINANCIAL STATEMENTS- CONfiNUEO
FOR THE YEAR ENDED315T DECEM8ER 2020
GRANTS AWARDED
The toial grants awarded during the year was as follows=
2020
2019
UnrestrirtÈd Restrirted
Funds
Funds
Total
Funds
16,0001
5,650
alton St Wilfrid IGr3nt withdrawn)
Swillington sr Mary
Leeds Holy Trinitv
Leeds Minsier
Calverley, St Wilfrid
Clergy Slipends
Gipton. Epiphany
oss Green St Hilda
Holbeck St Luke
Manston St James the Grèat
Ireland Wood St Paul
Moortown St Stephen
Allerton Bywater
All Souls Blackman Lane
Roundhay. St Edmund
University of Leeds An81ican Chaplaincy
upper Armley Christ Churth
Woodside St James
Wrangthorn, St Augustine
16.0001
5.650
6,0(M)
33.228
s,000
6,000
4.000
6,280
4,750
5.750
75,000
6,000
75.000
5.000
6.000
6.0(Xl
6.000
40.000 46,01)0
6.000
295
3.200
5.000
42.820
21AOO
41.000
62.400
273,823
SUPPORT COST5
Other
Support costs
3,581
Support costs. included in the above, are as follows=
2020
Support costs
2019
Support ¢ost5
Honoraria
Travel
Legal and professional
Independent examinerfs fee
Independent Èxaminer's fee- prior year over provision
Bank charges
Portfolio management
Other expeftditure
500
1.573
1,200
13181
465
1.200
420
17S
341
3.581
2.950
The note5 forrn part of these financial statements
Page 14

TH£ INCORPORATED LEEDS CHURCH
EXTENSION SOCIErY
NOTES TO THE FINANCIAL STATEMENTS- CONnNUEO
FOR THE YEAR ENDED 31ST DECEM8ER2020
INDEPENDENT EXIMINER'S REMUNERATrON
The independeni examinpff s remuneration amounts to an independent examination fee of £1.20012019.'
£1,200).
TRUSTEES, REMUNERATIOhl AND BENEFIT5
The key fflanagement personnel of the tharity comprise the committee (including the chair. the treasurer and
the secretary) of The Incorporated Leeds Chu¥¢h Extension Society. The total employee benefit5 of the key
management personnel of the Charity were £nil12019.' £5001
Trustees, expenses
Committee expenses reimbursed for the year ended 31st December 2020 amounted to £2012019: £1591 were
reimbursed to two trustèes12019". two trustees).
STAFF COSTS
The staff costs for the yeaf ended 31" De￿rnber 2020 amounted to Enil12019." £nill.
The average monthly number of employees during the year was as follows..
2020
io
2019
12
Trustees
No employees received em￿￿mentS in excess of £60.0[￿.
The notes form part of these financial staternents
Page IS

THE INCORPORATED LEEDS CHURCH
EXTENSION SOCIETY
NOTES TO THE FINANCIAL S7ATEMENTS- CONTINUED
FOR THE YEAR ENDED 31ST DECEMBER 2020
io.
PRIOR YEAR COMPARABLE STATEMENTOF FINANCIAL ACTIVmES- 2019
Unre5trided
funds
Restricted
funds
Endowment Total fund5
funds
INCOME AND ENDOWMENTS
FROM
Donations and legacies
Charitable artivities
Incoming resources from charIta￿e activities
400
Investment income
Other income
45.019
18.86S
63.884
Total
45.419
18.865
64,284
EXPENDITURE ON
Charitable activitie5
Support C05t5
Costs incurred on charity's objects
2.650
154.468
3(h)
119355
2.950
273.823
Total
157.118
119,655
276.773
Net gainslllossesl on investments
73,136
lQ.243
53.467
136.846
NET INCOME
138.5631
190.547)
53.467
175,6431
Transfers between lund5
133,537
1133,5371
Net movement in funds
138.563)
42.990
180,0701
175.6431
RECONCILIATION OF FUNDS
Total funds brou8ht forward
866.489
81.881
739.592
1.687,962
TOTAL FUNOS CARRIED FOAWARD
827,926
124,871
659.522
1.612.319
The note5 form part of these financial statement5
Pa8e 16

THE INCORPORATED LEEDS CHURCH
EXTENSION SOCIETY
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED315T DECEMBER 2020
ii.
FIXEO ASSET INVEsfMENTS
Llsted
Cash and
investments settlements
pendin8
Totals
MARKET VALUE
At 1st January 2020
Additions
Disposa15
Revaluations
1.633.670
1.075.144
11.171,6671
1151,7971
1,633,670
1,075.144
11,171,6671
1151,7971
At 31st December 2020
1.385.350
1,385.350
NET BOOK VALVE
At 31st December 2020
1385.350
1..385,350
Al 31st Oecernber 2019
1.633.670
1,633.670
At 315t December 2020 one indTvTdual investment fund represented more than 5% Df thè total investment
portfolio valuation. This tnvestment totalled 18.73%. Of the rem3inirbB investments. 80.56% is held in a
CCLA diversified fund which satisfies the 5% rule.
The historical cost at 31st December 2020 is £1,343.73812019: £1,125.2541.
12.
CREDITORS.. AMOUNTS FAWNG DUE WITHIN ONE YEAR
2020
2019
Grants awarded bvt not yet claimed
Accruals and deferred income
11.750
1,200
169.048
1,524
12,950
170,572
. The note5 form part of these financial statements
Page 17

ThE INCORPORATED LEEDS CHURCH
EXTENSION SOCIETY
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 315T DECfMBER2020
13.
MOVEMENT IN FUNOS
Net
movèment in
funds
Transfers
between
funds
At iIV20
At 31112120
Unfestrirted funds
General fund
Desi8nated fund5- Philip &rnpson Iln¢omÈl
816.$60
11.366
182.9611
14.4881
216
733.815
6,878
827.926
187,4491
216
740.693
Restrirted funds
University ol Leeds An8lic3n Chapl3irbCy
Mis5 E G Hudson
William Hammond Bartholomew
Willièrn Pitts
Misses C & R E March ITransferl
Misses C & R E March IHolbeck
Misses C & R E March IAII Souls)
Misses C & R E March IWoodhouse}
Mi55e5 C & R E March Iwortleyl
42.729
775
15.313
977
5.181
1,222
47.910
1,997
17,917
1,227
250
1.0
{1,0131
160
319
ios
213
6,912
49.7Jl
4,141
4.313
39
148,7541
14,1731
7,111
1,276
73
4,576
124J71
1415681
12161
82.087
Ettdowment funds
Univer51ty of Leeds Angl¢¢an Chaplaincy
Miss E G Hudson
William Hammond 8artholomew
William Pitts
Philip Simpson
Misses C & R E March (Capital)
195.301
41.282
121,374
12,654
249.428
39.483
110,5361
11.1)031
19,214J
62Z
{11.8261
16,214)
184,765
40,279
112.160
13,276
237,6OZ
33.269
659.522
{38.171)
621,351
TOTAL FUNOS
1.612.319
1168.1881
1.444,131
Net movement in funds. included in the above are as follows:
The notes form part of these finanoal statements
Page 19

THE INCORPORATEO LEEOS CHURCH
EXTEN510N SOCIETY
NOTES TO THE FINANCIAL STATEMENT5- CONTINUED
FOR THE YEAR ENDED 31ST DECEM8ER 2020
13.
MOVEMENT IN FUNDS
Incoming
rÈsources
Resources
expended
Gains and Movement in
1055es
funds
Unrestrirted funds
General fund
Designated funds - Philip Simpson lincomel
29￿27
6J22
113.8561
110.8101
198.9321
182,9611
14.4881
36.149
124,666)
198,9321
187.4991
Restrided lunds
University of Leeds Anglican Chaplaincy
Mi55 E G Hudson
William Hammond Bartholomew
William Pitts
Misse5 C & R E March (Transfer)
Misses C & R E March (Holbeckl
Misses C & R E March IAII Souls)
Misses C & R E March IWoodhou5el
Misses C & R E March Iwortleyl
5.241
1,282
5.181
1,222
2,604
250
1.013
39
148.7541
14,1731
50
{1,0601
310
1.073
39
974
140.000}
115)
19,7281
14,9661
50
13.441
141.315}
{14,6941
142,5681
Endowment funds
University of Leeds Anglican Chaplaincy
Miss E G Hudson
William Hammond Bartholomew
William Pitis
Philip Simpson
Misses C & R E March Icapitall
110.5361
11.0031
19,2141
622
111.8261
16,2141
110.5361
11,0031
19.2141
622
111,8261
16,2141
138.171)
138.1711
TOTAL FUNDS
49.590
165,9811
1151,7971
1168.1881
The noies form pari of these financial statements
Page 19

4¥
THE INCORPORATEO LEEDS CHURCH
EXTENSION SOCIETY
NOTES TO THE FINANCIAL STATEMENTS- CONTINUEO
FOR THÉ YEAR ENDED 31ST DECEM8ER 2020
13.
MOVEMENT IN FUNDS- contlnued
Endowrnent funds are..
Uni¥ersityof Leeds Angliun Chaplaincy: this 15 a permanent endowment fund to be adrninistered by the Society.
Income from capital is to be used for the sllPPOrt of Anglican Ministry based on Emrnanuel Chaplaincy Centre.
Miss E G Hudson: this is a permanent endowment fvnd to be used to aU8rnent the stipends of Assistant Clergv
Iu5ually through the Diocesan Stipends Fund).
William Hammond Bartholomew: this is a permanent endowment fund. income from which may only be
disbursèd to p3ri5hes in the old Rural Deanery of Leeds. with a limit of £l.000 foi any scheme.
William Pitts- this is a permanent endowment funtl. Ihe income from which is restrKted to thè parishes of
Hunslet and Middleion Si. &oss.
Phi1Sp Simpson: this is a permanent endowment fund to be used for the 8eneral purposes of the Society.
Misses C & R E Marth: this is a permanent endowment fund originally for the 5UPPOrt of Assistant Curates in the
parishes ol Camp Road. Holbeck. Woodhouse. and Wortley. The Church Comrnissioners have agreed that funds
may be used for wider purposes in the parishes of Leeds. All Souls.. Holbeck. St. Luke.. Woodhouse and
Wrangthorn. St. Augustine.. and Wortley41e-Leeds. St. John the Evan8elist. Committee approval is needed to
draw on rhe ae¢umulated income allocated to each paiish.
14.
ULTIMATE CONTAOLUNG PARTY
The Charity is controlled by the Management 8oard with no one individual having vltimate control of the entity.
The noies form part of ihese financial statements
Page 20