REGlStERED COMPPJ4Y NUMBER: IJOQ83122 IEngEand and Wales}
REGISTERED CHARITY NUMBER: 504682
REPORT OF THE TRUSTEES AND
FINANCIAL ¥fATEMENTS REVIEWED BY
INDEPENDENT EXAMINATION
FOR TrIE YEAR ENDED
31sr DECEMBER 2024
FOR
THE INCORPORATED LEEDS CHURCH
EXIEN510N 50UEIY
Thomas Coombs Limited
Chartered Atcountants
3365 The Pentago
Century Way
Thorpe Park
Leeds
West Yorkshire
L515 8ZB

THE INCORPORATED LEEDS CHURCH
E￿ENSIoN SOCIErY
CONTENTS OF TrIE FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 20Z4
Page
Reference and AdministTattve DetaiLs
Ito2
Report of the Trustee5
3to7
Independent Examiner's Report
Statement of Financial Attivrties
Balance Sheet
Iotoll
Noie5 to the Financial Statements
12to21
Detailed Ststement of Financial Activities

THE INCORPORATED LEEDS CHURCH
ExfENSION SOCIEr
REFERENCE AND ADMINISThATIVE DETAILS
FOR THE YEAR ENDED 31ST DECEMBER 2024
TrUSTEES
The Ven P. N. Ayer5
Mr R. J. Butterfield
Mrsj. Read
MrsA. M. Smith
Mr F. N. Willetts
MrB. Kinsey
Mr D. Y. DredRe
Mrs S Firth
CHAIR
Rewd Canon Paul Maybury
PRESIDENT
The Rertor of Leeds {Rerfd Canon Paul Mayburyl
TREASURER
Mr D. Y. Dredge
CQMPANY SECRrrARY
Mr R. J. Butterfield
ELECTED MEMBERS
The Ven P. N. Ayers
Mrs J. Read
Mrs A. M. Sfflith
Mi B. Kinsey
Mr F. N. Willett5
Mrs S Firth
Due to retire 2025
Due to retire 2025
Due to retire 2025
Due to retire 2026
Due to retire 2024
Due to retite 2027
PATRON
The Bishop of Leeds (The Rt Rerfd Nick Bainesl
Page I

THE INCORPORATED LEEDS CHURCH
EKfENSION SOCIETY
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31ST DECEMBER 2024
REGISTERED OFHCE
Leeds Minster
Kifkgate
Leeds
LS2 7DJ
REGISTERED COMPANY NUMBER
00083122 {England and Wales)
REGISTERED CIIARifi NUMBER
504682
INDEPENDENT EXAMINER
Christopher Datwin FCA
Thoma5 Coombs Limited
Chartered Accountants
3365 The Pentagon
Century Way
Thorpe Park
Leeds
West Yorkshire
LS15 8ZB
SOLICITORS
WTÉ8leys Solicitors LLP
19 Cookridge Street
Leeds
LS2 3AG
PRINapAL BANKERS
C4F Bank Ltd
25 Kings Hill Avenue
Ings Hill
West Malling
Kent
ME19 4(
INVESTME￿ MANAGERS
CCLA
une Angel Lane
London
EC4R 3AB
Page 2

THE INCORPORATED LEEDS CHURCH
EXTENSION SOaErY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST DECEMBER 2024
The Trustees, who are also direttors of the charity for the purpjses of the Companies Art 2006, present their report
with the financial statements of the charty for the year ended 31st December 2024. The trustees have adopted the
provisions of Accounting and Reporting by Charities= Statement of Recommenrjed pfattice applicable to charities
preparing their accounts in accordance with the Financial Reporting Strndard applicable ITr the UK and Republic of
Ireland {FRS 1021 leffective l January 20151.
08JEcllvES AND ACTIVITIES
Objectives ar*d aims
The main objects of the Society are to aid further and extend the work of the Church of England in ihc Archdcaconry of
Leeds. namely to help provide or obtsin the finance for mission halls and new parish churches and vicarages. assist with
the stipends of both clergy aTrd lay workers, and help maintain and re￿rder churche5 and church halls- in addrtion grants
are made to church community and similar outreach activitie5 Within the Archdeaconry of Leeds.
Significant attivitie5
All applicatior15 are carefully examined to ensure they fall within the object5 of the &)ciety- In considering application5
for grant aid from parishes and other 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 the funds currentty available wf(hin the
Society. Applicants are required to give full information to enable the Society to allocate the income available for grant
aicl in as fair and helpful a way as possible.
The capiial of the zrusi perteining io The Leeds unlversffies- Anglican Chaplalnry Fund lft)rmerly the Leeds Emrnanuel
Institute Fund} arisesfrom the sale of Emmanuel Institute and is held primarily to complete the re-ordering of Emmanuel
Church and any frjrther work of a capital nature needed to a55i5t the work of Anglican chaplaÈns within the two
universities. The income from the remaining capital is applied in accordance wtth the terms of the trust. namety the
5UPPOrt of Anglican Ministry based on the Emmanuel Chaplaincy ￿Trtre.
Public benefrt
In accordance with their duties pursuant to Settion 4 Ch3rrties Art 2006. the Trnstees have considered the Charity5
objects and activities in the light of the Charity Commission's general guidance on public benefit °Ch3rities and Public
Benefiv.
In relation to the first limb of the public beneffttest set out in the guidance. the objects are defined in the Memorandum
of Association and the Trustees are satisfied that each of these 15 of benefft to the public.
In relation to the second limb of the test, the Trustees ensure that the public at large benefit from the activities of the
Charity and that there is no prsvate beneflt. incldental or othervrise. The Tru5tee5 regukrly k¢ep Ihe ac(ivilies of the
Charity under review. to ensure that they a￿ of sufficient benefft to the public.
ANNUAL REVIEW
Trustees, Report
Following a qLEiet period with few applications comingforward rn the afterm3th of the Covid pandgmic. the Leeds Church
Extension Society has worked to raise tts profile among churche5 in the Leeds Episcopal Area. Thrs work has been led by
our Chair Canon Paul Maybury and Archdeacon Paul Ayers. The result has been an InC￿3$e in approaches for grant
support, with a total of 12 grants bein8 awarded during the yeor. These have been varied in character. including tower
works. roofing and masonry repairs, stained glass Wlndowconse￿atI0n. the re5urfacingof a drivewayto improve church
access and repair5 to a prominent church clocL
Page 3

THE INCORPORATED LEEDS CHURCH
ENSION soaETY
REPORT OF THE TRU5tEES
FOR ThE YEAR INDED 31ST DECEMBER 2024
TRUSTEES. REPORT {conVdl
We have aEso provided financial sUPPOrt towards the costs of a professional fundraiser at Chri5tthurch Armley. This
appointment arose from circumstance5 at the church where the needs were great but the capacity and expertise in the
church could not give fundiaising the attentKJn it needed. Having been awarded £6.OOOtowards roofin2 repairs in 2021,
but with no further funding having been secured after two years. the church asked if the grant could be repurposed
toward3 the costs of appointin8 a fundraiser. This was agreed and the appointment of FCS AsJociatcs to this rolc has
dirertly or indirectly led to £129.865 ot external grants being allocated to the church during 2024. The assessment of
the vicar of Christchurch sums up the impart that this has made:
.1 om very grotefulfor the support of Leeds Church Extension society ond the
flexlbiltty ro roke GT risk on afund ra15errorher thunfvr actual WO￿ o chuwch
building. It'5 been (J gome chongerfor us.,
The Reverend Phil Arnold.
Thls positlve experien￿ illustrates the flexibilty of LCES'S funds and the willingness of trustee5 to support church
sustainability in new and innovative ways.
Another positive experience for the trust has been the appointment ol a Church Bukldings Officer in the Leods Diocese
in March 2024. Alena-Rose Oouglas is the postholder and has helped to 5UPPOrt the work of thc trLtst by attending
Tnjstee meeting5, adding insiEht to our assessment of grant applications and helping to inform our wider discussions.
This has helped to give further coherence to our grant giving as we complement many of the funds for churches which
are administered bythe dI0￿se.
After biddingfarewell to Frankwillets aftera 30 year-long associated with LCE5, we were pleased to welcome Salty Firth
as a new trustee. sally has a wealth of experience. a5 3 qu31thed accountant and trustee of Pusey House. Her recent
work as a churchwarden to ftjndraise and manage refurbishment works at Holy Trinity Cookridge. ￿ve her insight into
the challenges artd opporttJniti@s for chuTch ronewal and investment in Leeds_
Considerin8 the management of LLÈS resources, progress continues EO be made 10 rationalise and slnwly Dur flnances
as we.11 as to dispose of property and funds where LCES ownership add5 little value. We are indebted to David Dredge
for his continued work and for the support he has received from Sally Firth and the Diocesan team.
Thi5 yeaes budget highlights the high level of support we have made to churches over the past year, but also the
pressure5 on our funds that this has created. With high demand for grants. we will work on a clearer sense ot the
prioritie5 for our funds in the year ahead. Thi5 will enable us to give further claiTtyto applicants a5 well a5 informin% our
own decision-making processes and ftrture direction of travel.
Finally, I WOLEld like to thank you to all of our tnjstees. advisors and supporters who enablE this valuable work to take
place.
Richard J. Butterfield
Icompafty Secretary}
Page 4

THE INCORPORATED LEEDS CHURCH
EKfENSION SOCIErY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST DECEMBER 2024
TRUSTEES. REPORT Iwnyd)
FINANCIAL REVIEW
Financial poytiort
The society reports a deficit of income over expenditure for the year ended 31" December 2024 in the 5urn of [53.262
12023: £23,760 Surplu51. Grants totslling £98,725 were awarded during the year. Investment income was marginally
higher than in the previous year and the value of the Charities investments increased by £36.478 .While this recovery
in value is to be welcomed. it still leaves the value of investments £17.454 below the 2024 level. At the end of 2024.
the Societrfs assets were £16.784 lovler than the previous year due to the granting of additional awards in excess of
annual income
Investment po14cy and objectives
The rnanagement of investments by CCLA corrtinue5 to workwell forthe Society with the assurance of compliance with
Anglican ethical investment policy.
Fund rationalisation
With bankin8 and investment procedure5 simplifted and regulart5ed. the Society 15 now in a position to determine how
the multitlsde of Funds were Set up and whether restrictions placed upon them by the Society are still appropriate to
its current aims and objectives. Restricted Funds that do not support those aims and objectives will be examined to see
whether they might be more efFectively administered by other charities better able to fulfil the rostrictions imposed by
their orTrginating instruments.
Grant making policy
This continues to be evaluated as larger grants are allocated to fewer projects. A further experimental grant to cover
the cost to a church of employin8 3 Fundraiser Is being c105ely watched In order to determine whether this may be an
effectNe future means of fvjnding larger scale development work otherwise outside the scope of LCES funding capacity-
It is clear that continuing to retum a deficit of income over expendsture year on year will result in the Society being
unable to function through exhaustion of worthwhile aFnounts of income. Given that tt is able to disburse Erants as it
deems appropriate, it remain5 able tQ set Tts own liabilities and therefore remains a going concern. Discussions around
this subject will form an agenda item for the TrLAStee5 during 2025.
Reserves policy
The capital funds of the Society are the result of the gNing and endowment of parishes and individuals since the
tormation of the Sociery in 1864. especially by those whose names are associated with spectfic trusts. The society relie5
on the income from the investment of these endowments as the major source of fund5 With which to assist current and
future épplications for grant aid.
The income of the March and Pitts trusts a￿ restrictedto ￿rtain parishes. Most of the accumulated March Trust income
ha5 been disbLtrsed in the lorm of grants to three of the beneticÉary churches over the last couple of years. Only a small
amount of income is therefore available from the investment of the capital.
The current poltcy concerning legacies is that those under £IO.CXXI are. unless the terms arp to the contrary. regarded
a5 available for the general purposes of the Society in the year of receipt. Legacie5 of £10.0￿ and over are. unless the
terrn5 are to the contrary. are currently regarded as capital. and invested as such.
Page 5

THE INCORPORATED LEEDS CHURCH
ExfENSION SOCIErY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST DECEM6ER 2024
FINANCSAL REVIEW {conYdl
Land and Building5
This drawn out process continues to feature as a standing aeenda item but is still on the cusp of resolution at the close
of 2024. It is currently awaiting Diocesan 5igft-off which should be achieved early in 2025. The holdtngs were not valued
in the accounts but the committee believe that the market value wa5 significantly in excess of the carrying value but in
the absence of a current value, this could not be quantified.
STRucfuRE. GOVERNANCE AND MANAGEMENT
Governing document
The Incorporated Leeds Church Extension Society (The Society) is a company, limited by guarantee. being incorporated
on 4th January 1905 and as such. its goveming document is the Memorandum and Articles of Association.
Charity constitution
The Society was incorporated inter oliu to take over the assets and liabKlities of the fonrer unincorporated Societies of
tlie sanie name, originally formed in 1864.
Subjert to the Memorandurn and Articles of Association, the Sociews affairs are condutted in accordan￿ wtth the
guidelines and Standing Orders adopted on 27th March 2012. amended 4th November 2014.
A5 the Company 15 a company limited by guarnntee no shares are in issue and accordingly* there are no share interests
to be disclosed.
Appointmcnt and Recruitment ol New Trustees
New Committee members are ￿truited on the personal recommendation of existing memtsers and who have agreed
to serve, are appointed or eletted to the Committee.
Organisational Structure
The Committee convenes three times each year in order to consider applications for grants. to consider other matters
of trusteeship and to receive report5. Including thosp concerning the investments of the Society.
The Committee consists of:
The OFficers of the Sooety, namely the Presidentlchair, Secretsry. Treasurer and any other offices the
Commtttee thinks frt. Theoffice of Presidenvchair is held exofficio bythe Rettorof Leeds lassuming willingness
to so attl. The other afFicers are appointed by the Committee as n*ds arise.
Not le55 than 9 or more than 12 elected persons. of whom no more than one third shall be clergy. Person5 are
normally elected at Annual General Meetin£s when one third of elected members retire from office but are
eligible for re-election. Casual vacancie5 may be filled by the CommTttee.
The management of the Societys investments is carried out by the Society5 officers in accordance with the agreed
Investmerit Strategy.
Members of the Management Committee
The Members of the management commwttee Y4ho held office during the year 2024 are listed within the administrative
information pages. The Members of the management committee are also the Trustees and Directors of the Society.
Page 6

THE INCORPORATED (EEDS CHURCH
EKfENSION soaETY
RFPORT OF THE TRusfEES
FOR THE YEAR ENDED 31sr DECEMBER 2024
sTrucruRE, GOVERHANCE AND MA14AGEMENYlwnVdl
Key manasemenr remuncrution
There are no addttitsnal personnel employed b'ithe Charirywho act in key management role5 OL￿ert￿3ft the Commf(tee
of Trustees. The artivitKes of the Charity are overseen ov the CommTitse and managed by the Chatr, Secretary and
Treasurer.
Related part￿5
No person related to any of the T￿￿tee$ supolieg. or is paid to supply. an¥ Eoods orservice5 to the charity.
Approved by order of the board of trustees on iothjuty 2025 and si8ned on ￿ behalf by.
Richard J. Butterfteld (Secretary)
Page 7

INDEPENDENT EXAMINER'S REPORTTOTHE TRVSfEESOF
THE INCORPORATED LEEDS CHURCH
EXTENSION SOOErY
Independent examinerf5 report to the trustees of The Incorporated Leeds Church Extension SDciety [*he Company'l
report to the chaiFty trustees on my examination of the accounts of the Company for the year ended
31" December 2024.
Responsibilities and basis of report
8 the charity'5 trustees of the Company (and also its dirertor5 for the purposes of company lawl you are responsible
for the preparation of the accounts in accordan￿ wth rhe requirements of the Companies Art 20061'the 2006 Act'l-
HavinE Satisfied myself that the atcounts of the Company are not required to be audited under Part 16 of the 2006 Act
and are eligible for independent examination, I repon in respea of my exarninarion of youi charity's accounts a5 carried
out undor section 145 of the Charities Act 2011 {'thp 2011 Act'l. In carrying out my examination I have followed the
Directions given by the Charity Commission under settion 145151 Ibl of the 2011 Act.
Independent examiner's 5totement
I have completed my examination. I confirm that no matters have come to my attention in connection wtth the
examination giving me cause to believe that in any material respert..
accounting record5 were not kept in respect of the Company as reqLllfed by Section 386 of the 2006 Act,. or
the accounts do not accord with those records- or
the accounts do not comply with the accounting requirements of sertion 396 of the 2006 Act other than any
requirement th3t the accounts gtve a true and fairvi@w which is not a matter considered as part of an
independent exatnination- or
the accounts have not been prepared in accordance wÈth the methods and principles of the 5tstement of
Recommended Practice for accounting and reporting by charities applicable to charities preparing their
actount5 in J¢cord3nce with th@ Financial Roporting Standard applicable in the UK and Republic of Ireland IFRS
102}.
I have no concerns and have come acros5 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.
Christopher Darwin FCA
Thomas Coombs Limited
Chartered Accountants
65 1.he ventagon
Century Way
Thorpe Park
Leeds
West Yorkshire
LS15 8Z8
Date- IO" July 202i
Page 8

THE INCORPORATED LEEDS CHURCH
EKtENSION SOCIETY
STATEME1￿ OF FINANCIAL AcnvmES
FOR THE YEAR EfiDED 31 DECEM8ER 2024
2024
Total funds
2023
Totsl bJnds
Unre5trirted
funds
Restricted End0￿￿ent
funds
funds
Notes
INCOME AND ENDOWMENTS
FROM
Charitable activities
Incoming resources from
charitable acrivrcie5
400
Investment income
31068
15395
47263
45,282
Total
31918
15395
47313
45,682
EXPENDITURE ON
Charitable artivities
Support costs
Costs incurred on charitys
objects
IA50
L850
1,922
98,725
20,000
Total
loo￿75
100,575
21,922
Net gains/llossesl on
ifivestments
2.062
15.758
36.478
137.050
INCOME](EXPENDITUREI
{49,999)
17,457
15.758
116,7841
160,810
TransFer5 between fund5
13
Net movement in funds
149.9991
17N57
15.758
{16.784)
160,810
RECONCIUATIOTrI OF FUND5
Totsl fund5 brought forward
830236
133.101
1,651.781
1.490,971
TOTAI FUNDS CARRIED
FORWARD
780,237
150,$58
704202
1.634997
1.651,781
CONTINUING OPERATIONS
All income and expenditure ha5 arisen from continuing artivities.
The notes fomi part of these financial ststements
Page 9

THE INCORPORATED LEEDS CHURCH
EKfENSION SQCIEr(
BALANCE SHE
AT 31ST DECEMBER 2024
2024
Totsl fund5
2023
Total tund5
Unrestritted
fund5
Restrirted Endowment
fvnds
funds
Notes
FIXED ASSETS
Investments
li
833￿51
92,163
704202
1,630216
1,593.737
CURRENT ASSErs
Deposf(s- Board of finance
Cash at bank
(29￿1
57A199
56,791
27291
58.703
56.137
16,409
27599
58395
85?94
72,546
DEBTORS
Prepayrnents
27.611
58395
86.006
72.546
CREDrroRS
Amounts falling due within one
year
Accnjals
12
{79.725J
115001
179.n51
(1￿00}
113,0141
11,4881
181225}
1812251
114.5021
(8¥2Z51
(81225)
114.5021
NET CURRENT
ASSETS/ILIABILmESI
{53.614}
58395
4.781
TOTAL ￿$S￿[s LESS CURRENT
UABIUnES
780.237
150,558
704,Z02
IW.997
1,651,781
NET ASSErs
780237
704202
1,634,997
1,651,781
FUNDS
Unrestricted fund5
Restricted fund5
Endowment funds
13
780237
150.558
704.202
830,236
133,101
688,444
TOTAL FUNDS
1.634.997
1,651,781
The note5 form pan of these financial ststements
Page 10

The INCQRPQK4TED LEEDS CHUR(H
EXTENSION soaErY
8AL4NCE SHEEf- CONTINUED
AT 315r DE￿MSER 2024
The Charitable comp3ny isentktledto exemption from aLrfrt UTxler Secti0Tr477 of the Companie5Act2006 fortheyear
ended 31st December 2024.
"I he membershavpnDt r?gu%r*d Ihecharrtaolptom￿nyttsOIjtsl￿ an audiioTEtsanatK￿ISknleMentStsrt￿eyEaEe￿tted
315t December 2024in accordan￿ with SectN)n476 of tkECoTnparsiesAtrL 2C#J&
Thetsu51eesacknoYiledge theif responsibilities for
{al eDSUi inEthat the charitar)le ￿rnpanY keeps ac￿￿nI[rO recordsthat comptywth Seciions 386 and 387 of the
Companies Act 2006 and
Ibl Preparing h"napcial siatements which give a true and frdir ￿¥Of the state of aff2irs of the Char￿ble company
3S at tho ond of oach nnarkttJl yoar and of its gurplug ordofictrfor each financial yoar in >ccord3t)ee wirh thè
requirements of Settions 394 afid 395 and whichothe¥vii5e CoM￿Y iYTth the requirements of the CompaniesAci
2W6 relating to financial statements so far#5 applioble to the thariti￿e cofflpan).
These financial 5kteMents have tr￿en prepared in at￿r(jan￿ uith the 5FW31 probiwn50f Part 15 of the Companies
Art 2006 rejztingto 5rnall charÉt3blecompanies.
7hefinancial statement$v￿e approved ￿ the Board of Trustees on iothjuly 202S and i¥ere stgned on its behalf ￿.
d Canon Paul Maybury- Chair
Richard J. 8utterfield_ Secretsry
D3vid Y. Dredge- Treasurer
The notss forTn Part of these Financial statements
Page 11

THE INCORPORATED LEEDS CHURCH
ExfENSION soaEtY
NOTES TO THE FINANaAL STATEMENTS
FOR THE YEAR ENDED 3￿r DECEMBER 2024
ACCOUNTING POUCIES
Basis of preparing the financial statements
The financial statements of the charitable company. which is a publÈc benefit entity under FRS 102, have beeft
prepared in accordance with the Charities 50RP (FR5 IOZ)'Accounts"nE and Reporting by Charitie5: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (eflective l January 20151., Financial
Reporting Standard 102 The Financial Reporting standard applicable in the UK and RppublÉc of IfP.land' and thè
Companies Act 2006. The financial statements have been prepared underthe historical cost convention with the
excepzion of investments which are included at market value. as modttied by the revalu6tion of certain a55ets.
The financial statements are prepared on a going concern basis under the historical cost convention, modified
to include certain ttem5 at fair value. The financial statements are presented in sterling which is the functional
currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistent￿ applied to all years presented unless otherwise stated.
Financial reportin8 stsndard 102- reduced disdosure exemptions
The charity ha5 taken advantage of the following disclosure exemption in preparing these financial statements.
as permtted by FRS 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland,:
the requirements of Settion 7 Statement of Cash Flows.
Income
Voluntary income
Voluntsry income is received by way of subscriptions. donations and gfft5, legacies. and contribution5 and is
cred¥ted to the accounts on a re￿ipts baSLS. All Income Is Included gross in the financial staiemenrs.
Inve#ment intome
Bank interest is induded in the SOFA on re￿ipt- DNidend5 and other iTrterest are included in the SOFA account
on receipt including any appropriate tax credrL
Expenditure
Liabiltties are recognised as expenditure as soon as there is a leg31 or constructive obligation committing the
harity to that expenditure. it is probable that a transfer of economic benefits will be ￿quIred in settlement and
the amount of the obligation can be measured reliably. Expendtture is accounted for on an accruals basis and
has been classified under headings thataggregate all c05t related to the category. Where c05t5 cannot be dirertly
attributed to particular headings they have been allocated to activitbes OTb a basts consistent with the use of
resources.
Grants payable are accounted for when they are awarded. Any grants remaining unclaimed at the year-end are
accounted for a5 creditors. The Charl￿5 grant policy is a5 disclosed in the Committee of Management Report.
All grants are payable in furtherance ol the Charirfs objertives.
Support costs
support Costs are those that assist the work of the charity but do not dirertly represent charitable activitie5
and include office costs and governance costs. They are incurred directly In support of expendrture on the
objects of the chaflty.
The notes for
art of these financial statements
Pag¢ 12

THE INCORPORATED iEEDS CHURCH
EXTENSION SOCIErY
NOTES TO THE FINANCIAL 5TATEMENT5- CONTINUED
FOR THE YEAR EPIDED 31ST DECEMBER 2024
ACCOUNTING POLICIE5- cvntinued
Ileritage a$￿ts
The Society has, ift its ownership. land and buildings. These assets have not been included on the balance sheet
Since ￿fIett[ng their nature, legal and hi3tori¢al past tt 13 considered not practical or possible to obtsin valuation)
of these assets. Steps have been taken to transferthese assets to the respective parishes butthe legal processes
involved have become somewhat protracted.
The Society holds the following properties that are notvalued in the acti)unts:
General purposes=
Parish of Halton. St. Wilfrid=
Parish of Ireland Wood, St Paul:
Parish of Epiphany. Gipton:
land adjoining the Church
land adjoining the Church
land adjoining the Church
Custodian tnJstee=
Parish of Potternewton. St. Martin. St. Martin'5 Institute
Parish of Roundhay. St. Edrnund= land adjoining the Church
Taxation
The charity is exempt from corporatÈon tax on its charitsble actNities.
Fund accounting
Unrestricted funds can be used in accordance with the charitsble objectives at the discretion of the tru5tee5.
Re5tritted funds are those which can only be used for particular restricted purposes Wlthin the objects of the
charity- These are either those that are donated for specrfic purposes or are income generated by endowment
funds bound by a restfirtion to given purposes. Restrtctions arise when Specified by the donor or when funds
are raised for particular restrirted purposes.
Pemianent endowment funds are transattions and other events, except investment revaluations. which
increase or decrease the amount of permanently endowed funds are dealt Wtth in the statement of financial
attivities.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Investments Long term investments are classtfied as fixed assets. Fixed asset investments which are listed on a
recognised stock exchange are valued at their market value at the year end. DtFferences between market value
and original cost are disclosed in the ststement of investment gains and transferred to the balance sheet.
Profit and1055es arising on the di5POs81 OF investffEnts a￿ disclosed in the Statement of illvestment gains and
transferred to the balance sheet.
Any gffted investments are recognised at their market value atthe lime of the gift.
Creditor5 payable within one year
Creditors with no stated iniere5E raie and payable wirhin one year ale recordeo at trall58CTlon price. Any105se5
rising from impairment are recognised in expenditure.
Status
The Society is a company limtted by 8uarantee, formed in 1905 otherwise than for profit, exempt from the
requirement to Use the word 'lrrnited' and registered as a charty. The liabiltty of each member is restrirted to
£0.50.
The notes form port of these financial statements
Page 13

THE INCORPORATED LEEDS CHURCH
EKfEN510N SOCIETY
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED DECEMBER 2024
INVEStMENT INCOME
2024
2023
Dividends
Deposit aCCQLFnt interest
44.241
3,022
43,564
1,718
47263
45,282
CHARITABLE AcnvmES
2024
2023
Parochial contributions
400
The totsl parochial contributions duringthe year We￿ as follows:
2024
2023
Barwicl All Saints
Swlllington St Mary
200
200
400
CHARITABLE Acriv￿lEs COSTS
Grants award¢d Support Costs
Isee note 5} (See note 61
Totals
Costs incurred on charty's objects
Support cost5
98,725
98,72S
IA50
98.725
L850
I￿.575
The notes form part of these financtal statements
Page 14

THE INCORPORATED LEEDS CHURCH
EKfENSION SOCIErY
NOTE5 To THE FINANCIAL STATEMENTS- COPfflNUED
FOR THE YEAR ENDED 31ST DECEMBER 2024
GRANT5 PAID OVER
The totsl grants paid over during the year was as follows-
2024
2023
Urirestricted Restricted
Funds
Funds
Total Funds
Cookfidge. Hoty Trinity
Barwick All Saint5
G3rforth St Mary
Cross Green St Hilda
Swillington St Mary
Woodside 5t James
Alwoodley St Barnaba5
Morley St Peter
Seacroft St Richard
Leeds Minster
All Souls Blackman Lane
Calverley St Wilfrid
io,or
ioM)o
io.i#Jo
io,r
io,cKJo
10,000
ioM)o
10,000
20.0(10
ID.OOIJ
20,000
15,1
9.725
9,725
10.000
iO,tJ)O
98.725
20.00(XJ
SUPPORT cosrs
Other
Support cost5
Support costs. included in the above. are as ft)IIov￿-
2024
Support costs
2023
Support cost5
Web h05ting 2nd Domain
Independent examinerfs fÈe
Independent examinerfs fee- prior year under provision
Bank charges
218
236
1.350
276
60
72
IA50
1,922
The notes fomi part of these financial statements
Page 15

THE INCORPORATED LEEDS CHURCH
EKfENSION SOCIETY
NOTES TO THE FINANaAL STATEMENTS- coffflNUED
FOR THE YEAR ENDED 315[ DECEMBER ZOZ4
INDEPENDENT EXAMINER'5 REMUNERATION
Tho indopondent È.xaminè.rfg rpmiJnpratinn xmt)iJnts to an independènt examination fee of £1.572 {2023=
£1.6261.
TRUSTEES. REMUNERATION AND BENEFITS
The key management personnel of the charity comprise the committee (including the Chair. the Treasurer and
the secretary) of I he Incorporated Leeds Church Extension S(xiety- The total employee benettts ot the key
management personnel of the Charity were £nil12023= £nill
TrusteÈs' expenses
Committee expenses reimbursed for the year ended 31st December 2024 amounted to Enil12023: £231 were
reimbursed to no trustees12023= one tru5tee)-
srAFF COSTS
The staff costs fi)r the year ended 31 December 2024 amounted to £nil12023: £nill.
The average monthly number of employees during the year wa5 as follows:
2024
2023
Trustees
No employee5 received ernoluments in excess of £60.IJ)O.
The notes form part of these financial statements
Page 16

THE INCORPORATED LEEDS CHURCH
ExfENSION soaETY
NOTES TO THE FINANCIAL STATEMEfiTS- coffflNUED
FOR THE YEAR ENDED 31ST DECEMBER 2024
io.
PRIOR YEAR COMPARABLE STATEMENT OF HNANCIAL AcfMTIES- 2023
Restritted
funds
Endowment
funds
Total funds
fi>nds
INCOME AND ENDOWMEKrs
FROM
Donations ar¢d legacies
Charitsble attivtties
Incoming resources from chafitable activities
Investment income
Other income
30,525
14.757
45.282
Total
30,925
14.757
45,682
EXPENDITURE ON
Charitable actFvities
Support costs
Costs incurred on chartty's objects
22
20,IXM)
1,922
20JKHJ
Total
21922
21,922
Net gainslllossesl on investments
70.IIX)
7,748
59202
137,050
NET INCOME
79,102
22.505
59.202
1603
Transfers between fund5
1161
16
Net movement in funds
79.087
2Z521
59202
I60￿10
RECONCILIATION OF FUNDS
Total funds brought forward
7SI,149
110580
629242
IN90.971
TOTAL FUNDS CARRIED FORWARD
830.236
3.101
L651.781
The notes fomi part of these financial 5tsternents
Page 17

THE INCORPORATED LEEDS CHURCH
ExfENSION SOCIErY
NOTES TO THE FINANaAL STATEMENTS- CONTINUED
FOR Th£ YEAR ENDED 31sr DECEMBER 2024
ii.
FIXED ASSET INVESTMENT5
Listed
inve5t¥t*nts
MAR￿ VALUE
At Istjanuary 2024
Additions
Disposals
Revaluations
1593.737
36A79
At 315t December 2024
1.630216
NET BOOK VALUE
At 31st December 2024
1.630,216
At 31st December 2023
1,593.737
At 31st December 2024 no individual investment fund represented more thèn 5% 0* the totsl investment
portfolio valuation.
The historical cost at 315t December 2024 is £1,343,73812023= £1,343,738).
CREDITORS: AMouNfs FAWNG DUE wrrHIN ONE YEAR
2024
2023
Grants awarded but notyet cL4imed
Other creditors
Accruals and deferred income
79.725
13.000
14
1,488
81225
14.502
The notes form part of these financial statements
Page 18

THE INCORPORATED LEEDS CHURCH
ExfENSION 50cirrY
NOTES TO THE FINANCIAL STATEmENT5-cO￿￿NuED
FOR THE YtAR tNDeD 315Y DECEMBtR 2024
13.
MOVEMENT IN FUNDS
Net
movement sn
funds
Transfer5
between
nds
At yI/z4
At 31112124
Unrestricted funds
General fund
Designated funds- Philip Simpson Ilncomel
830.236
149.999)
780,?.a7
149.999)
780.237
Re5tritted funds
University of leeds Anglican Chaplaincy
Mi55 E G Hud50n
William I lammond Oartholomew
William Pitts
Misse5 C & R E March IHolbeckl
Misses C & R E March IAII Souls)
Misses C & R E March Iwoodhouse)
Misses C & R E March Iwortleyl
74.089
624Z
31,620
2￿27
9257
9.152
83.241
7.725
36.529
3,149
9,963
522
183
6.116
6.579
3,100
17A58
150,558
Endowment funds
University of Leeds Anglican Chaplaincy
Miss E G Hudso
William Hammnd B3rtholomew
William Pitt5
Philip Simpson
Misses C & R E March (Capital)
4,681
209.181
44.970
126,816
15,050
270.471
37.714
123.978
14,713
264.419
36Tr0
337
6x152
15.758
704202
TOTAL FUNDS
1.651.780
{16.783)
L634.997
Net movernent in funds, included in the at)ove are 35 follow5=
The notes form part of these financial statements
Page 19

THE INCORPORATED LEEDS CHURCH
EXTENSION soaEr
NOTES TO THE FINANCIALSTATEMENTS- CONTINUED
FOR THE YEAR ENDED 31ST DECEMBER 20Z4
MOVEMENT IN FUNDS
lftcorning
resouros
Re50urce5
Èxpended
Gains and Movement in
losses
funds
Unrestricted lunds
General fund
Designated funds- Philip Simp50n {inCom￿l
31,918
IIIXlS75)
18,658
{49,9991
31.918
(1110.575)
18,658
(49,9991
Re5trirted fund5
University af Leeds Anglican Chaplaincy
Miss E G Hudson
William Hammond Bartholomew
William Pitts
Mi55es C & R E March IHolbeckl
Misses i & K ￿ March IAII soulsl
Misses C & R E March IWoodhouse}
Mi55e5 C & R E March Iwortleyl
1,192
9,152
IA35
4.443
496
4,909
522
706
183
26
179
527
145
a50
15.396
2￿62
17.458
Endowment funds
University of Leeds Ang]Ècan Chaplaincy
Miss E G Hudson
Wtlliam Hammond Barthotomew
William Pitts
Philip Simpson
Misgp.% C % R F Marth (Capital)
4.681
17.586
3.781
10.661
1.265
22,738
3.171
337
6,052
15.758
59.202
TOTAL FUNDS
47,314
11(Xl,575}
36N78
{16,783}
The notes form part of these firtancial statements
Page 20

THE INCORPORATED LEED5 CHURCH
ExfENSION soarTY
NOTE5 TO THE FINANCIAL 5TATEMENT5- COTr¥llNUED
FOR THE YEAR ENDÉD 31ST DECEMBER 2024
13.
MOVEMENT IN FUNDS- continued
Endowment funds are=
University of Leeds Angllcan Chaplaincy: this is a permanent endoivmentfund to be adminisrered bythe Society.
Income from capFtal is to be used for the support of Anglican Ministry based on Emmanuel Chaplaincy Centre.
Miss E G Hudson: this is a permanent end1￿ment fijnd to be used to augrnent the stipends of Assistant Clergy
(usually through the Diocesan Stipends Fundl-
William Hammond Bartholomew: this is a pernianent endowment fund, income from which may only be
disbursed to parishes in the old Rur41 Deanery of Leeds, wtth a limit of £1.{￿ for any scheme.
William Pitts: this 15 a pefmartent endowment hjnd. the income from which is restricted to the parishes of
Hunslet and Middletoft St_ Cross_
Philip Simpwn: this is a pemanent Endowff*nt fund to be used for the general purposes of the 5(Kiety.
Misses C & R E Marth: this is a pem)anent endowmentfund originallyfof the support o* Assistant Curates In the
parishes of Camp Road. Holbeck. Woodhouse, and Wortley. The Church Commissioners have agreed that funds
may be used for wider purposes in the parishe5 of Leeds. All Sou15- Holbecl St. LtJke- Woodhouse 3nd
Wrangthom. 5t. Augu5tine-, and Wortley4e-Leeds. St. John the Evangelist. Committee approwal is needed to
draw on the accumulated income allocated to each parish.
14.
ULTIMATE coi¥llioLUNG PARTY
The Charity is controlled bythe Management Board with no one individual havlng ultimate control of the entty.
The notes form part of these financial ststements
Page21

THE INCORPORATED LEEDS CHURCH
EXTENSION soaEIY
DETAILED STATEMENT OF FINANCIAL AcnvmES
FOR THE YEAR ENDED 31ST DECEMBER 2024
Z024
2023
Investment income
Oividgnds
Depostl account interest
44,240
3.023
43.564
1.718
47.26¥
45.282
tharitable artivities
Parochial contributions
Total incoming resources
47,313
45.682
EXPENDrruRE
Charitsble activities
Grants awarded
98.n5
20,000
98.725
20,000
Support costs
Web hostingand Domain
Independent examinerfs fee
Independent examinerfs fee: prior year under provision
Bank charges
2L8
236
1,350
276
60
IA50
1.922
Total resources expended
l(Xl,575
21.922
Net incomellexpenditurel b@foro investment gains
153,262)
23,760
This page does not form part of these h"nancial ststements
Page 22