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2025-08-31-accounts

TRINITY CHURCH BRENTWOOD (a company limited by guarantee)

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Charity Number: 1112705 Company Number (England and Wales): 05642162

TRINITY CHURCH BRENTWOOD

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

CONTENTS Page
Reference and administrative details 1
Trustees’ report 2
Independent auditor’s report 8
Statement of financial activities 11
Balance sheet 12
Statement of cash flows 13
Notes to the financial statements 15

TRINITY CHURCH BRENTWOOD

TRUSTEES’ REPORT (continued)

FOR THE YEAR ENDED 31 AUGUST 2025

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHURCH

Trustees/Directors Lelia Bailey (Resigned 30 April 2026)
Bernard Gray (Chair)
David Liniker
Liviu Mercioniu
Omolade Oshunremi
Casian Sala (Resigned 31 March 2025)
Wesley Vaughan
Christopher Whealy
Registered office address HaysMac LLP
10 Queen Street Place
London
EC4R 1AG
Auditors HaysMac LLP
10 Queen Street Place
London
EC4R 1AG
Bankers Barclays Bank plc
Broadgate Corporate Banking Centre
155 Bishopsgate
London
EC2M 3XA
Charity registration number 1112705
Company registration number 05642162 (England and Wales)

1

TRINITY CHURCH BRENTWOOD

TRUSTEES’ REPORT (continued)

FOR THE YEAR ENDED 31 AUGUST 2025

The Board of Trustees present the statutory report with the accounts of Trinity Church Brentwood for the year ended 31 August 2025.

The accounts have been prepared in accordance with current accounting policies and comply with the charitable company’s Memorandum and Articles of Association, applicable laws and the requirements of the Statement of Recommended Practice for Charities (SORP) (Second Edition, effective 1 January 2019), the Companies Act 2006 and with FRS 102.

1. TRUSTEES

Statement of Trustees’ Responsibilities

The Trustees (who are also directors of Trinity Church Brentwood for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company of its incoming resources and the application of those resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and taking any such reasonable steps to prevent and detect fraud or other irregularities.

Provision of information to auditors

So far as each of the Trustees is aware at the time the report is approved:

Trustee and employee liability insurance

Trustees and employee liability insurance has been purchased by the charity as permitted by the Charity Commission and the Company’s Memorandum of Association.

Trustee recruitment, induction and training

Trustees are nominated by the Church congregation, candidates are screened and formally approved for appointment by the Trustee Board. All new Trustees are provided with information on the duties and responsibilities of being a Trustee.

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TRINITY CHURCH BRENTWOOD

TRUSTEES’ REPORT (continued)

FOR THE YEAR ENDED 31 AUGUST 2025

All Trustees are encouraged to undertake continuation training from time to time, including attending relevant courses and seminars held within and outside the charity. The Trustees are also kept informed on charity sector issues by professional advisors, fact sheets and newsletters from auditors.

Remuneration of key management personnel

The Trustees recognise that as a board that they, along with the Pastor, comprise the key management personnel of the charity in charge of directing, controlling, running and operating the Charity on a day to day basis. With the exception of Rev Wesley Vaughan who, as a minister of religion, is permitted by the Articles of Association to be remunerated, all Trustees give their time freely and no Trustee has received any remuneration in the year.

2. STRUCTURE, GOVERNANCE AND MANAGEMENT

The Board of Trustees sets the overall strategic policy framework and budget of the charity and is responsible for safeguarding its assets. The Trustees usually meet formally on a monthly basis. Discussions and resolutions agreed within meetings are recorded in the meeting minutes. The Trustees have also held formal meetings with the Leadership Team.

The Board has delegated responsibility for the day-to-day management to the following department heads:

Public Benefit

In setting the charity’s objectives, the Trustees have paid due regard to the Public Benefit guidance published by the Charity Commission. The manner in which it fulfils this obligation is detailed in the sections below.

Principal aims and activities – Mission Statement

We are a family church. We believe in people coming face to face with the reality of the living, miracleworking God. With the Bible as our touchstone, we proclaim the Gospel of Jesus Christ to all, teaching the principles of God and equipping people old and young to fulfil His purposes.

The aims of the charity are to reach the lost, care for the needy, develop tomorrow’s church by upholding traditional Christian values through the advancement of religion and the propagation and furtherance of the Gospel of God concerning His Son Jesus Christ and the preaching and teaching of the Word of God.

3. OBJECTIVES & ACTIVITIES

The governing document is the Memorandum and Articles of Association last amended in March 2019. The objects of the charity are the advancement of religion and the propagation and furtherance of the Gospel of God concerning his son Jesus Christ and the preaching and teaching of the Word of God throughout the world.

3

TRINITY CHURCH BRENTWOOD

TRUSTEES’ REPORT (continued)

FOR THE YEAR ENDED 31 AUGUST 2025

Our main strategic objectives are:

The Trustees keep the activities under continual review to ensure that we are achieving our main aim of reaching people with the gospel.

Fundraising Approach and Performance

The charity does not undertake any formal or organised fundraising activities through professional fundraisers. No complaints were received during the year regarding our fundraising activities (2024: no complaints) and the charity has policies in place when dealing with vulnerable people.

4. ACHIEVEMENTS AND PERFORMANCE

Pastoral Report for 2024/25

Trinity Church is a gathering of believers in Jesus Christ from Brentwood and the surrounding district. The church is aligned with the Elim denomination through its association with Elim Network.

Purpose of Trinity Church

The purposes of Trinity Church are:

  1. To provide Christian fellowship for those of ‘like precious faith’;

  2. To reach people locally and overseas by communicating the Good News of Jesus Christ;

  3. Following Biblical principles, to equip and release individuals to biblically meet the needs of others within the local community and the wider world;

  4. To maintain a place of worship for the gathering of believers;

  5. To observe the sacraments of baptism by full immersion and communion (known as the Lord’s Table);

  6. To solemnise marriages;

  7. To dedicate children and infants;

  8. To conduct funeral services;

  9. To establish and develop leadership and departments that support the work of God locally and globally through preaching, teaching, pastoral care, and social ministries.

Review of Progress and Achievements

The Pastor, together with the Leadership Team, has provided spiritual oversight throughout the year. During 2024/25, the Leadership and departmental teams have continued to strengthen and develop the church’s core purposes, which can be summarised as:

Reach – Raise – Release

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TRINITY CHURCH BRENTWOOD

TRUSTEES’ REPORT (continued)

FOR THE YEAR ENDED 31 AUGUST 2025

Pastoral Care

Pastoral care has been significantly strengthened through the implementation of a new pastoral care team. Support has been delivered through:

In addition, members of the congregation have ongoing access to meet with the Pastor, the Pastoral Care Team, or the Leadership Team individually or collectively. These meetings have taken place in person, online, and via telephone.

Such engagement has deepened trust, strengthened relationships, and provided valuable opportunities for discipleship and personal support. These pastoral provisions are intended to continue as a sustained and integral part of church life.

Pastoral visits to homes and hospitals have also been carried out upon request by the Pastor, Leadership Team, Pastoral Care Team, and designated ministry leaders.

Training and Safeguarding

All departments have received updated training aligned with the church’s purposes. In addition, safeguarding training has been consistently provided for all department leaders and volunteers, ensuring best practice and accountability across all ministries. Data protection training was provided to departmental leaders in 2025.

Community Engagement and Outreach

Trinity Church has continued to actively support local charities, including Manna Meals and the Foodbank, serving practical needs within the community.

The church also maintains strong links with the Brentwood Schools Christian Worker Trust, whose offices are located on the Trinity Church site. This partnership has played a key role in strengthening relationships with local schools.

A variety of outreach events have taken place throughout the year, including:

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TRINITY CHURCH BRENTWOOD

TRUSTEES’ REPORT (continued)

FOR THE YEAR ENDED 31 AUGUST 2025

In addition, Family Care Workshops have been hosted on-site, providing support, guidance, and practical help to families within both the church and the wider community.

Operations and Administration

The Operations Manager and Office Administrator have continued to work closely with the Trustee Board and Leadership Team. Their role remains vital in facilitating the effective use of the church site and supporting the overall mission and ministry of Trinity Church in advancing the Christian faith.

5. FINANCIAL REVIEW

The charity recorded a surplus for the year after gains on investments of £3,027 (2024: £281,288). Total income from church activities increased by £92,212 to £522,229 (2024: £430,017). Expenditure increased by £35,528 to £624,177 (2024: £588,649) in 2025. The Trustees will continue to review the costs of its activities with the aim of increasing efficiency and focusing on those areas that maximise the public benefit.

Reserves policy

At the year end, the charity had free reserves, defined as unrestricted funds less those tied up in fixed assets, restricted and designated funds of £4,653,897 (2024: £4,622,556). The Trustees continually review their working capital needs and will continue to monitor the free reserves position to ensure that the charity continues to have a firm base from which to pursue its objectives.

The Board has engaged Epoch Consulting and developed an ethical investment policy with the main objective to safeguard the charity’s long term funding requirements.

Principal Risks and uncertainties

Risk management

The Board of Trustees has ensured that the process of identifying, assessing and mitigating risk is linked to the objectives of Trinity Church Brentwood; that the process covers key risk areas; and that risk management is ongoing and embedded within its management and operating procedures. The process covers all areas of risk - financial, governance, operational and reputational, and is focused primarily on major risks. The Trustees are satisfied that systems are in place to mitigate any exposure to major risks but recognise the need to review and make appropriate changes to its governance arrangements. An external Health and Safety Advisor provides external monitoring of Health and Safety as well as to provide advice on new legislation and promote better adherence to safe working practices on both sites. An external advisor provides HR support to ensure employment legislation and procedures are up to date and complied with. The principal risks and uncertainties identified by the charity are as follows:

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TRINITY CHURCH BRENTWOOD

TRUSTEES’ REPORT (continued)

FOR THE YEAR ENDED 31 AUGUST 2025

Church Estate

There has been restricted investment into the Church estate over a sustained period, resulting in operational limitations and raising the risk profile associated with both health and safety and security. During the year, and since reopening of the site after lockdown, there has been critical maintenance work undertaken at the Coxtie Green Road site; these were identified in the site survey undertaken in 2020 and in line with the purposes of the charity.

The Church continues to maintain a register of operational works required and approval of funding associated with health and safety has been prioritised. Health and safety is monitored by the Site Manager and activities are risk assessed in line with Government guidelines.

Investment policy and performance

The sale of Brizes Park has resulted in a significant investment of funds into the charity trust and the Board has a legal duty to ensure that funds are invested wisely and in line with the Church vision and purposes. The investment funds portfolio has been adversely impacted by market conditions. However, there is no immediate need to access the funds and the Trustees will continue to have quarterly performance reviews with Epoch Consulting.

6. FUTURE PLANS

We are committed to being a welcoming church, serving both its congregation and also seeking appropriate opportunities to serve those in the local and wider community.

We will continue to strengthen and develop links with other local churches for the mutual benefit of spiritual edification, and to combine efforts to support the needs of our community, either providing direct support or through partnering with associated charities.

Together with our Senior Pastor and Leadership Team, the Trustees will be seeking to set in place a clear governance structure, defining the church ministry and Trusteeship roles and responsibilities and the mutual accountability between them.

THANKS

Our thanks to all those who have supported us during the past year. We go forward building on the foundation of God’s divine purposes and seeking to fulfil His will in what we do.

APPROVAL

In preparing this report the Trustees have taken advantage of the exemptions available to small companies by the Companies Act.

7

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF TRINITY CHURCH BRENTWOOD

Opinion

We have audited the financial statements of Trinity Church Brentwood for the year ended 31 August 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the Trustee’s Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF TRINITY CHURCH BRENTWOOD

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Report (which incorporates the directors’ report).

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of Trustees for the financial statements

As explained more fully in the Trustees’ responsibilities statement set out on page 2, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the charitable company and the environment in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to charity law, employment law, health and safety regulations, safeguarding and GDPR, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those

9

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF TRINITY CHURCH BRENTWOOD

laws and regulations that have a direct impact on the preparation of the financial statements such as the reporting requirements under the Charities SORP and FRS 102, the Companies Act 2006, the Charities Act 2011 and payroll taxes.

We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to improper recognition of income and management bias in accounting estimates and judgements. Audit procedures performed by the engagement team included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Jane Askew (Senior Statutory Auditor) For and on behalf of HaysMac LLP, Statutory Auditor

10 Queen Street Place London EC1R 4AG

Date: 28/05/2026

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TRINITY CHURCH BRENTWOOD

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 AUGUST 2025

Unrestricted Designated Restricted Total Total
Funds Funds Funds 2025 2024
Notes £ £ £ £ £
INCOME FROM:
Charitable activities: -
Donations 400,072 36,174 - 436,246 373,440
Investment income 34,031 - - 34,031 21,462
Lettings income 22,522 - - 22,522 16,933
Other income 8,684 - 20,746 29,430 18,182
----------------- ------------ --------------- ---------------- ---------------
Total income 2 465,309 36,174 20,746 522,229 430,017
------------------ --------------- -------------- ----------------- ---------------
EXPENDITURE ON:
Cost of raising funds: -
Investment management fees 28,045 - - 28,045 29,770
------------------ ----------------- ---------------- ---------------- -----------------
Charitable activities: -
Church 538,936 36,450 20,746 596,132 558,856
Conferences and Events - - - - 23
----------------- --------------- --------------- --------------- -----------------
566,981 36,450 20,746 624,177 558,879
----------------- ---------------- --------------- ----------------- ------------------
Total expenditure 2 566,981 36,450 20,746 624,177 588,649
----------------- ---------------- --------------- ---------------- ------------------
Net (expenditure)/income (101,672) (276) - (101,948) (158,632)
Gains on investments 5 104,975 - - 104,975 439,920
----------------- ------------ ---------- ---------------- -----------------
3,303 (276) - 3,027 281,288
Transfers between funds 10,11 - - - - -
------------- ------------ ---------- ---------------- ----------------
Net movement in funds 3,303 (276) - 3,027 281,288
Funds brought forward 6,228,512 2,517 3,709 6,234,738 5,953,450
-------------------- ---------------- ---------------- ----------------------- ---------------------
Funds carried forward 6,231,815 2,241 3,709 6,237,765 6,234,738
========== ======== ======== =========== ==========

There were no recognised gains and losses other than those included above.

The accompanying accounting policies and notes form an integral part of these financial statements. Full comparatives are shown in note 15.

All the activities above relate to continuing activities.

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TRINITY CHURCH BRENTWOOD

COMPANY NUMBER: 05642162

BALANCE SHEET

FOR THE YEAR ENDED 31 AUGUST 2025

2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 1,577,918 1,605,956
Investment assets 5 4,490,948 4,385,973
---------------------- --------------------
6,068,866 5,991,929
CURRENT ASSETS
Debtors 6 22,173 30,271
Cash at bank and in hand 201,321 246,203
------------------ ------------------
223,494 276,474
CREDITORS: amounts
falling due within one year 7 (53,481) (31,652)
----------------- -----------------
NET CURRENT ASSETS 170,013 244,822
CREDITORS: amounts
falling due after one year 8 (1,114) (2,013)
--------------------- --------------------
NET ASSETS 6,237,765 6,234,738
========== ==========
RESERVES
Unrestricted funds 9 6,231,815 6,228,512
Designated funds 10 2,241 2,517
Restricted funds 11 3,709 3,709
--------------------- ---------------------
6,237,765 6,234,738
========== ==========

The financial statements are prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

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TRINITY CHURCH BRENTWOOD

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 AUGUST 2025

Note 2025 2024
£ £
Cash flows from operating activities A (23,208) (192,939)
----------------- -----------------
Cash flows from investing activities
Interest income 5,986 21,462
Interest paid (1,695) (1,221)
Proceeds from sale of fixed assets - 8,534
Purchase of tangible fixed assets (25,180) (58,316)
Proceeds from sale of investments 514,286 1,023,028
Purchase of investment assets (514,286) (1,004,152)
----------------- -----------------
Cash flows from investing activities (20,889) (10,665)
Cash flows from financing activities
Repayment of bank loans (785) (669)
------------------ ------------------
Decrease in cash and cash equivalents in the year (44,882) (204,273)
------------------ ------------------
Cash and cash equivalents at the beginning of the year 246,203 450,476
----------------- ------------------
Total cash and cash equivalents at the end of the year 201,321 246,203
======== =========
A: RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2025 2024
£ £
Net income for the reporting period 3,027 281,288
Adjustments for:
Investment income (5,986) (21,462)
Interest paid 1,695 1,221
Depreciation charge 53,218 52,984
Surplus of sale of fixed assets - (5,150)
(Gains)/losses on investment assets (104,975) (439,920)
(Increase/decrease in debtors 8,098 (14,479)
(Decrease) in creditors 21,715 (47,421)
----------------- --------------------
Cash flows from operating activities (23,208) (192,939)
========= ==========
B: ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)
At start Cash At end
of year Flows of year
Bank accounts 246,203 (44,882) 201,321
Loans < 1 year (2,893) 785 (2,108)
------------------ ------------------ -----------------
243,310 (44,097) 199,213
========= ========= =========

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TRINITY CHURCH BRENTWOOD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1. ACCOUNTING POLICIES

BASIS OF PREPARATION

The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), the Statement of Recommended Practice for Charities (SORP) (Second Edition, effective 1 January 2019) and the Companies Act 2006.

The accounting policies set out below have been applied in preparing these financial statements. The financial statements are drawn up under the historical cost convention.

The charity is a Public Benefit Entity registered as a charity and company in England and Wales, it was registered on 1 December 2005 (charity number 1112705 and company registration number 05642162).

Going concern

Having reviewed the funding facilities available to the charity together with the future projected cash flows, the Trustees have a reasonable expectation that the charity has adequate resources to continue its activities for the foreseeable future and consider that there were no material uncertainties over the charity’s financial viability. Accordingly, they also continue to adopt the going concern basis in preparing the financial statements.

Donations and gifts

All monetary donations and gifts are included in full in the statement of financial activities when receivable, provided that there are no donor-imposed restrictions as to the timing of the related expenditure, in which case recognition is deferred until the pre-condition has been met.

Legacies are included in the statement of financial activities when the charity is advised by the personal representative of an estate that payment will be made and the amount involved can be quantified.

Donations under Gift Aid together with the associated income tax recoveries are credited as income when the donations are receivable.

Investment income

Investment income, including associated income tax recoveries, is recognised when receivable.

Expenditure

Expenditure is accounted for on an accruals basis. The irrecoverable element of VAT is included with the item of expense to which it relates.

Charitable expenditure relates to costs incurred in delivering the charity’s activities and services to its beneficiaries. Governance costs comprise the costs of running the charity, including strategic planning for its future development, internal and external audit, and costs of complying with constitutional and statutory requirements.

Fund accounting

Restricted funds are funds used for purposes as specified by the donor. Related expenditure is charged to the fund, together with a fair allocation of overheads and support costs.

Unrestricted funds are donations and other incoming resources received or generated for expenditure on the general objectives of the charity. Designated funds are unrestricted funds earmarked by the Trustees for specific projects.

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TRINITY CHURCH BRENTWOOD

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 AUGUST 2025

1. ACCOUNTING POLICIES (continued)

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost net of depreciation. Depreciation is calculated to write down the cost less estimated residual value of all tangible fixed assets other than freehold land over their estimated useful economic lives.

A full years’ worth of depreciation is charged in the year of asset purchase regardless at which point the asset is purchased. The rates generally applicable are:

Freehold properties 2% straight line Freehold improvements 2-10% straight line Plant and equipment 10% straight line Furniture and fittings 10% straight line Motor vehicles 25% reducing balance Computer equipment 33.3% straight line

Investment assets

Investments held for the long-term to generate income or capital growth are carried at fair value as fixed assets. The Statement of Financial Activities includes the net gains and losses arising on revaluations and disposals throughout the year.

Leased assets

Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the statement of financial activities over the period of the lease.

All other leases are regarded as operating leases and the payments made are charged to the statement of financial activities on a straight line basis over the lease term.

Taxation

By virtue of its charitable status, Trinity Church Brentwood is not liable for corporation tax on its charitable activities under the Corporation Taxes Act 2010.

Financial instruments

Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost. Financial assets held at amortised cost comprise cash at bank and in hand, together with trade and other debtors. A specific provision is made for debts for which recoverability is in doubt. Cash at bank and in hand is defined as all cash held in instant access bank accounts and used as working capital. Financial liabilities held at amortised cost comprise all creditors except social security and other taxes and provisions.

Debtors

Trade debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

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TRINITY CHURCH BRENTWOOD

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 AUGUST 2025

1. ACCOUNTING POLICIES (continued)

Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

Employee benefits

Pensions

The charity contributes into a Defined Contribution Pension Scheme on behalf of its paid employees. The pension costs charged against incoming resources are the employer's contributions to employee's own private pension scheme in the accounting period. Other than these contributions, the charity has no liability to these schemes.

Critical judgements and estimates

In the application of the accounting policies, the Trustees are required to make judgement, estimates, and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affected current and future periods. The Trustees consider that the only critical estimate or judgement relate to the estimation of the useful economic lives of fixed assets.

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TRINITY CHURCH BRENTWOOD

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 AUGUST 2025

2. ANALYSIS OF INCOME AND EXPENDITURE

Conferenc
es and Total Total
Church Choir Designated Restricted 2025 2024
£ £ £ £ £ £
Income
Donations and legacies 400,072 - 36,174 - 436,246 373,440
Investment income 5,986 - - - 5,986 21,462
Lettings income 22,522 - - - 22,522 16,933
Other income 8,684 - - 20,746 29,430 13,032
Surplus on sale of fixed
assets		 - - - - - 5,150
---------------- ------------ ----------------- ---------------- ----------------- ----------------
Total income 437,264 - 36,174 20,746 494,184 430,017
Expenditure
Investment management
fees		 28,045 - - - 28,045 29,770
Staff costs 202,464 - - - 202,464 190,669
Premises and equipment 136,508 - - - 136,508 105,870
Operating costs 81,144 - - - 81,144 77,565
Depreciation 53,217 - - - 53,217 52,985
Finance costs 1,695 - - - 1,695 1,221
Governance 5,951 - - - 5,951 33,624
Other costs 37,897 - - 20,746 58,643 26,343
---------------- ------------ ---------------- --------------- ----------------- -----------------
546,921 - - 20,746 567,667 518,047
Grants and donations 20,060 - 36,450 - 56,510 70,602
---------------- ------------ ---------------- ---------------- -------------- -----------------
Total expenditure 566,981 - 36,450 20,746 624,177 588,649
---------------- ------------ ---------------- --------------- ---------------- ------------------
Net (expenditure)/
income (129,717) - (276) - (129,993) (158,632)
========= ========= ========= ========= ========= =========

17

TRINITY CHURCH BRENTWOOD

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 AUGUST 2025

2. ANALYSIS OF INCOME AND EXPENDITURE (continued)

Conferences
Church and Choir Designated Restricted Total 2024
£ £ £ £ £
Income
Donations and legacies 360,263 - - 13,177 373,440
Investment income 21,462 - - - 21,462
Lettings income 16,933 - - - 16,933
Other income 13,032 - - - 13,032
Surplus on sale of fixed assets 5,150 - - - 5,150
---------------- ------------ ------------ ------------- ---------------
Total income 416,840 - - 13,177 430,017
Expenditure
Investment management fees 29,770 - - - 29,770
Staff costs 190,669 - - - 190,669
Premises and equipment 105,870 - - - 105,870
Operating costs 77,565 - - - 77,565
Depreciation 52,985 - - - 52,985
Finance costs 1,221 - - - 1,221
Governance 33,624 - - - 33,624
Other costs 26,320 23 - - 26,343
--------------- ------------ ------------ ---------- ----------------
518,024 23 - - 518,047
Grants and donations 22,892 - 32,000 15,710
70,602
---------------- ------------ -------------- ------------- ----------------
Total expenditure 540,916 23 32,000 15,710 588,649
---------------- ------------ --------------- ------------ ----------------
Net income/
(expenditure) (124,076) (23) (32,000) (2,533) (158,632)
========= ========= ========= ========= =========

Net income/(expenditure) is stated after charging for:

Auditors’ remuneration:

2025 2024
£ £
15,850 14,850
2,687 2,198

TRINITY CHURCH BRENTWOOD

18

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 AUGUST 2025

3. TRUSTEES AND EMPLOYEES 2025 2024
£ £
Staff costs during the period were as follows:
Gross salaries and wages 183,354 170,100
Social security costs 10,471 12,776
Pension costs 7,565 6,823
Benefits 1,074 970
------------------ ------------------
202,464 190,669
======== ========
2025 2024
Number Number
Ministry
and		 ministry 1 1
support
Administration 4 3
Premises and Other 1 1
------------------ ------------------
6 5
======== ========

1 employee received emoluments of £60,000 to £70,000 during the year (2024: One employee received emoluments of £60,000 to £70,000). Employer pension contributions of £2,214 (2024: £2,214) were also paid for this employee.

The charity contributed to a Defined Contribution Pension Scheme on behalf of the above employee during the financial year.

Total emoluments including benefits, employer’s pension and national insurance contributions paid to key management personnel during the year was £100,979 (2024: £102,165).

Details of remuneration and reimbursement of expenses received by Trustees in connection with their duties as Trustees of the charity are disclosed in Note 14.

19

TRINITY CHURCH BRENTWOOD

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 AUGUST 2025

4. TANGIBLE FIXED ASSETS Land and Plant and Furniture Motor
Buildings Equipment and Vehicles Total
fittings
£ £ £ £ £
Cost
At 1 September 2024 2,139,462 242,534 120,931 23,126 2,526,053
Additions 10,437 14,743 - - 25,180
------------------ ------------------ ------------------ ------------------ ------------------
At 31 August 2025 2,149,899 257,277 120,931 23,126 2,551,233
------------------ ------------------ ------------------ ------------------ ------------------
Depreciation
At 1 September 2023 692,876 121,548 82,547 23,126 920,097
Charge for the year 27,364 20,350 5,504 - 53,218
------------------ ------------------ ------------------ ------------------ ------------------
At 31 August 2024 720,240 141,898 88,051 23,126 973,315
------------------ ------------------ ------------------ ------------------ ------------------
Net Book Value
At 31 August 2024 1,429,659 115,379 32,880 - 1,577,918
======== ======== ======== ======== ========
At 31 August 2024 1,446,586 120,986 38,384 - 1,605,956
======== ======== ======== ======== ========
5. INVESTMENT ASSETS 2025
£
At 1 September 2024 4,385,973
Additions 514,286
Disposals (514,286)
Gains during year 104,975
--------------------
At 31 August 2025 4,490,948
==========

Investments consist of quoted investments held on UK Stock Exchanges.

6.

DEBTORS 2025 2024
£ £
Trade debtors 8,800 9,148
Prepayments and accrued income 11,823 19,573
Other debtors 1,550 1,550
------------------ ------------------
22,173 30,271
======== ========

20

TRINITY CHURCH BRENTWOOD

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 AUGUST 2025

7. CREDITORS: amounts falling due 2025 2024
within one year £ £
Trade creditors 3,829 6,882
Deposits 1,500 -
PAYE and NIC 2,828 4,253
Accruals 44,330 19,637
Bank loans due < 1 year 994 880
------------------ ------------------
53,481 31,652
======== ========
8. CREDITORS: amounts falling due 2025 2024
after one year £ £
Bank loan due:
1 to 2 years 810 857
2 to 5 years 304 1,156
------------------ ------------------
1,114 2,013
======== ========

The bank loan is repayable by 9 November 2027 and has an interest rate of 1.45% above the bank’s base rate. The loan is secured on the charity’s property The Bell House in Brentwood.

9.

NET ASSETS BETWEEN FUNDS Unrestricted Designated Restricted Total
£ £ £ £
Fixed assets 1,577,918 - - 1,577,918
Investment assets 4,490,948 - - 4,490,948
Current assets 217,544 2,241 3,709 223,494
Current liabilities (53,481) - - (53,481)
Creditors due after one year (1,114) - - (1,114)
------------------- ------------------ ------------------ -------------------
6,231,815 2,241 3,709 6,237,765
========= ======== ======== =========
NET ASSETS BETWEEN FUNDS 2024 Unrestricted Designated Restricted Total
£ £ £ £
Fixed assets 1,605,956 - - 1,605,956
Investment assets 4,385,973 - - 4,385,973
Current assets 270,248 2,517 3,709 276,474
Current liabilities (31,652) - - (31,652)
Creditors due after one year (2,013) - - (2,013)
------------------- ------------------ ------------------ -------------------
6,228,512 2,517 3,709 6,234,738
========= ======== ======== =========

21

TRINITY CHURCH BRENTWOOD

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 AUGUST 2025

10. DESIGNATED FUNDS Opening Closing
Balance Income Expenditure Transfers Balance
£ £ £ £ £
Mission Fund 2,517 36,174 (36,450) - 2,241
------------------ ------------------ ------------------ ------------------ ------------------
2,517 36,174 (36,450) - 2,241
======= ========== ========= ========= ========

10% of donations were transferred to the Mission Fund to be used for worthy causes at the discretion of the church’s Leadership Group and Ministry Teams. The year-end balance is held in cash.

DESIGNATED FUNDS 2024 Opening Closing
Balance Income Expenditure Transfers Balance
£ £ £ £ £
Special Projects fund 24,294 - - (24,294) -
Mission Fund 4,559 - (32,000) 29,958 2,517
------------------ ------------------ ------------------ ------------------ ------------------
28,853 - (32,000) 5,664 2,517
======= ========== ========= ========= ========

22

TRINITY CHURCH BRENTWOOD

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 AUGUST 2025

11. RESTRICTED FUNDS Opening Closing
Balance Income Expenditure Transfers Balance
£ £ £ £ £
Medical Fund 3,709 - - - 3,709
Project Funds - 20,746 (20,746) - -
---------------- ------------------ ------------------ ------------------ ------------------
3,709 20,746 (20,746) - 3,709
======== ======== ======== ======== ========

The Medical Fund represents donations received to be attributed to those who attend the church and are in need of financial assistance towards their medical bills.

Project funds represent donations received towards specific projects each year. These were spent on various projects including Ukraine and Romania support, Living Waters, Swimming Pool Donations, Church Projects, Sure 24 (supporting a children's home and school in Kenya) and Neal Morse Concert.

RESTRICTED FUNDS 2024

RESTRICTED FUNDS 2024
Opening Closing
Balance Income Expenditure Transfers Balance
£ £ £ £ £
Medical Fund 3,709 - - - 3,709
Athletes in Action Fund 965 - (965) - -
Choir Funds 1,368 - (1,368) - -
Project Funds 200 13,177 (13,377) - -
-------------- ------------- --------------- -------------- --------------
6,242 13,177 (15,710) - 3,709
======== ======== ======== ======== ========

The Athletes in Action Fund represents donations received to provide organised sporting activities to young people in the local community. Such activities to be regular, affordable and supported by adults from this and other local churches. Where the teaching and sharing of the Christian faith and lifestyle is integral to each sports session.

The Choir Fund represents donations received to help support the choir.

12. CAPITAL COMMITMENTS

There were £Nil capital commitments as at 31 August 2025 (2024: £Nil).

13. INDEMNITY INSURANCE

The Trustees have taken up indemnity insurance to cover losses arising from any claims made against them by reason of any wrongful act in their capacity of Trustees.

23

TRINITY CHURCH BRENTWOOD

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 AUGUST 2025

14. TRANSACTIONS WITH TRUSTEES AND OTHER RELATED PARTIES

The aggregate of donations received from Trustees in the year was £12,203 (2024: £34,787). No Trustees were reimbursed for any expenses incurred during the year (2024: £Nil).

One Trustee, Wesley Vaughan, was employed by the charity as Pastor and received remuneration and benefits during the year totalling £67,236 (2024: £68,048) for this role. Employer pension contributions of £2,214 (2024: £2,214) were also paid during the year. This remuneration is paid under powers provided by paragraph 5.3 of the Articles of Association.

There were no other related party transactions during the current or prior years.

24

TRINITY CHURCH BRENTWOOD

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 AUGUST 2025

15. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted Designated Restricted Total
Funds Funds Funds 2024
£ £ £ £
INCOME FROM:
Charitable activities: -
Donations 360,263 - 13,177 373,440
Investment income 21,462 - - 21,462
Lettings income 16,933 - - 16,933
Other income 18,182 - - 18,182
----------------- ------------ ---------- ---------------
Total income 416,840 - 13,177 430,017
--------------- ------------ ----------- ----------------
EXPENDITURE ON:
Cost of raising funds:-
Investment management fees 29,770 - - 29,770
----------------- ------------ ---------- ---------------
Charitable activities:-
Church 511,146 32,000 15,710 558,856
Conferences and Choir 23 - - 23
--------------- --------------- ------------ -----------------
511,169 32,000 15,710 558,879
----------------- ---------------- ------------ ------------------
Total expenditure 540,939 32,000 15,710 588,649
----------------- --------------- ------------- ----------------
Net income/expenditure (124,099) (32,000) (2,533) (158,632)
Gain/Losses on Investment 439,920 - - 439,920
----------------- ----------------- --------------- -----------------
315,821 (32,000) (2,533) 281,288
Transfers between funds (5,664) 5,664 - -
---------------- ---------------- -------------- -----------------
Net movement in funds 310,157 (26,336) (2,533) 281,288
Funds brought forward 5,918,355 28,853 6,242 5,953,450
--------------------- ---------------- -------------- --------------------
Funds carried forward 6,228,512 2,817 3,709 6,234,738
=========== ======== ======== =========

25