STRAND PARISHES TRUST FINANCIAL STATEMENTS 31 DECEMBER 2025 Charlty Numb•r 1121754
STRAND PARISHES TRUST FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 CONTENTS PAGE Members of the Board and professional advisers Trustees, Annual Report Auditor's report to the twstees Statement of financial activities 10 13 Balance sheet 14 Notes to the financial statements 15
STRAND PARISHES TRUST MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS R•gistered charlty name Strand Parishes Trust Charity nUMr 1121754 Principal offi¢• 169 Strand London WC2R 2LS Trustoes Rev'd Canon Dr Peter Babington Mrs Janet Crabtree Mrs Mary F08ter Professor Frank Keating Mrs Jane Ker-Reid Ms Akua. Kyei-M8ns8h Mr Peter Maplestone {Deputy Chairnian) Mrs Christina Munday Mrs Margery Roberts {Chaimian) Mr Chades Spanton Ms Julie Thoma8 Cl•rk to th• Trust• Roy Suuy, ACIS Invostment manager8 CCLA Investrnent Managemant Limited, 1 Angel Lane, London, EC4V 4ET Audltor Shoaib Arshad, ACA, FCCA Knox Cropper LLP 65 Leadenhall Street London EC&4 2AD Bankers C. Hoare & Co. 37 Fleet Street London EC4P 4DQ
STRAND PARISHES TRUST TRUSTEES. ANNUAL REPORT YEAR ENDED 31 DECEMBER 2025 The trustees present their report and the financial statements of the charty for the year ended 31 Dernber 2025. REFERENCE AND ADMINISTRATIVE DETAILS Reference and administrabve detsils are shown in the Schedu of memters of the board and professional advisers on page 1 of the financial statements. . TRUSTEES AND CLERK Management of the Charity is vested in its Trustees. Members of the full Board of Tw8tees who held office during the year are as follows.. -officio'. Rewd Canon Dr Peter Babington Priest in Charge, St Mary le Strand with St Clement Danes Churchwarden, St Mary le Strand with St Clement Danes Mrs Janet Crabtree minated b in Coun Mrs Mary Foster Covo Profe880r Frank Keating Ms Akua Kyei-Men$ah Mrs Jane Ker-Reid Mr Peter Maplestone (Deputy Chairnian) Mrs Christina Munday Mrs Margery Roberts {Chaiman) Mr Chades Spanton Ms Julie Thomas CLERK TO THE TRUSTEES Mr Roy Sully
STRAND PARISHES TRUST TRUSTEES. ANNUAL REPORT (contkn YEAR ENDED 31 DECEMBER 2025 b. OWECTS AND ACTIVITIES Objects The objects of the Charity are as set out in the governing document.. The relief in need of persons vtho are or have been employed or are re$ent within the London Borough of the cty of Westminster, The advanc8ment in Irfe for persons under the age of 25 and r88ident within the London Borough of the City of Westminster, Furtherance of the religious Vrk of the ecdesiastical parish of St Mary lo Strand with St Clement Danes. The Charity's prinapal aims . to 8881st th08e in need and to alleviate th8 effects of individual poverty,. to assist with the lunding of organisations who assist those in need or who work to alleviale the effects of povety on the individual., to promote the furtherance of edurAtion and advancemont in life and to provide fuTrJing for the religious work of the ecde8iasts.cal parish of St Mary le Strand with St Clement Dane8. K8y fadors in achieving these aims are.. Maintaining an appropriate level of Income from endowed and reserved funds,. Impmving the qualty of grant-making and administration Working in conjunction wth third parti88 to identsfy Individual8 and organisations most in need. Developing arKI making fijll use of the skills of Trustees and staff. c. STATEMENT OF PUBLIC BENEFIT Tho Trustees confiryn that they have complied wtth thelr duty in Section 4 of the Charities Acl 2011 and have due regard to the Charity Commission's general guanCe on public benefit 'Charitie8 and Public Benefir. HOW THE CHARrrYs ACTivrriES HAVE PROVIDED PUBLIC BENEFIT The City of Westminster, although rt indudes comparatively weaithy areas, contains individuals and sections of society who are disadvantaged through poverty. ill-health, unemployment, lack of opportunity or lack of education. In order to address some or all of these concems, the Trustees pursue their objects in a number ofways. induding making small grants to individuals. paying regular amounts in the nature of a pension to a number of needy eldedy persons, and by awarding grants to other chartties which deliver care, support and advice to needy members of the local Communty. It also makes an annual payment to the parish of St Mary le Strand with St Clemenl D8nes in accordance with its goveming document.
STRAND PARISHES TRUST TRUSTEES. ANNUAL REPORT (¢Mthu•tt) YEAR ENDED 31 DECEMBER 2025 In 2025, the Charity made 43 (2024.. 46) small grants to individuals and 34 (2024.. 31) lar9er grants to other charities. Of the latter 17 were for relief in need and 16 for advancement in life; one grant was made to the St Mary le Strand PCC. In addition up to 19 elderly people were supported with discretionary small payments. Full details of these grants are as follows: Grants to Individuals Duriro 2025 grants totalling £ 14.290 wer8 made lo 43 individuals. rants to Or anisation Grants totalling £ 218,849 were made as follows: Abbey Community Centre £5.000 Senior Care Proie¢l Age UK Westminster £ 5,000 A Befriending Sernike Cardinal Hume Contre £ 7.IXIO Operational Expenses Qe Paul UK £3,6CKI Supp)rting homeless young people ETAT £ 7,OlXI Community work In South V*stminster Glassdoor £ 5,000 Wnter Nvahtsher9 Groundswell £ 7,000 Advice 88rvlco for the homeless Paddinglon Law Centre £ 7,OCM) Lrfal advice soNiC88 Royal Trinity Hosplco £ 10,000 HOSP at Ho Samaritans £ 5,000 Advice and Support services Sl Cuthbert Centre (Th? Feltx Project) £7.5) Support for the homeless To improve in-pats'ent admissions St John Hosplce £ 10,CMIO St Vincent Famity Centre £5,000 chil¢ka fa¢illtK85 Strethise Opera £ 5.000 Music making for the h¢ylesS UnfOj £5,0 Famity betrndIng IAstrnin8tsr Chapel £5.000 FTrJlbank Zacchaeu8 2000 £ 6,1)JO Advice services TOTAL RELIEF-INEEo £ 105,100
STRAND PARISHES TRUST TRUSTEES, ANNUAL REPORT (conllnued) YEAR ENDED 31 DECEMBER 2026 Manloring in Wesbnin$ter Schools Access PrO1t £ 5,000 Avenues Youth ProJt £ 7.500 Youth club in North INestmln6ter Book Trust £ 5.000 Readlng workshops Brènt Centre for Young People £ 7.500 Thorapeutic advice Catholic Children's ety £ 4,000 Early inleryention therapy servus Caxton Youth Prolect £5,000 yth Club in South Westrninster Centra for Y¢)ung Musicians £ 7,537 Bursatss for Westminster childrnn Ooorstep brary £5.0 To encouwe children to read at home To provide porfonning arts programmos Dream Ajts £ 8,OtK) To 8UPF¥)rt famlll88 In South Westminstsr Plmllco Toy Lbrary £ 5,000 Youth club in South stmlnst St Andrthv6 Club £ 7.5(Xl St Barnabas School £ 10.(xlO Lessons in Latin and Music £3,000 Bursaries for ts Duke of Edinburgh Award Scheme St Marylebone School St Paufs Cathedral £5,000 Muslcal lessons in Westsninster Soho School £6,000 Spocial needs support Universty of Westmlnster £6.812 Schools Science confenCeS TOTAL ADVANCEMEKf IN LIFE £ 95.849 St Mary Le Strand Church £ 17.700 TOTAL ORGANISATIONAL GRANTS £ 218,PA9
STRAND PARISHES TRUST TRUSTEES. ANNUAL REPORT (conbnued) YEAR ENDED 31 DECEMBER 2026 Pensions The charities that were amalgamated in 2007 to fomi the Strand Parishes Trust made small regular discretionary pension payments to qualifying indtviduals. Followng the amalgamation these commitments We carried on by Strand Parishes Trust, although no new recipients were added to the list of beneficiaries until 2023. In 2023 the Strand Parishgs Trust received donation of £112.082 from the Trustees of a neighbouring charity, The United Charities of St Paul's {Covent Garden) as part of thè wnding up of that charity. The Trustees of the Strand Parishes Trust agreed to add five beneficiaries, vAio had previously received a pension from the United Charities, to the list of benefiaries. As at December 318t 2025 the number of individuals on the beneficiary register totalled 15 (31 It December 2024: 191 During 2025 sums paid out to reuwents totalled £ 10.250 (3111 December 2024.. £12,8SO).
STRAND PARISHES TRUST TRUSTEES. ANNUAL REPORT (contlnued) YEAR ENDED 31 DECEMBER 2025 d. STRUCTURE, GOVERNANCE AND MANAGEMENT The Board of Trustees meets three tirnes a year and is responsible for managing the affairs ol the Charfty. It receives reports from the Flnanca and General Purp08è8 CommItt, which also usualty meets three times a year in the months preceding the Board of Trust8es meeling to oversee the propety and finan8 of the Charity and to consider personnel and policy matteryd. Th8 Board of Trustees also receive reports from the Grants Advisory Committee. which nornially meets at least once a year to advise on grant making matters. Three Trustees are ex-officio by virtue of their roles associated with St Mary le Strand with St Clement Danes. One Trustee is nominated by The London Borough of the City of Illestminster. The remaining nine Trustees are co-opted in accordance wilh the charty's 8ch8me. Momrn of th• full Board of Trustees Trustees are listed urKler the heading of 'Reference and AdministratNe Details, earlier in thi8 Report. M•mb•r• of th• Flnanc• •nd G•n•r•l purpos Cornmlttee durfng tho y•ar w•r•: Mrs Ma Foster Mr Peter Ma lestone Mr5 Janel Crabtree Mrs Christina Munda Mrs Ma Roberts Mr Chade8 S nton M•mbern of the Grnnts Advlsory Commlttw durfng th• y1 re. Mrs Ma Foster fvlrs Jane Ker-Reld Mr8 Christina Munda Mrs Ma Roberts Mr Charles S arrton Ms Julie Thom88 •. Statsmont of Trustses Respon8lbllltles Charity law requires the Trustees to prepare finanual statements for each financial poriod, which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including th8 income and expendrture of the charity for that period. In preparing those financial statements, the Trustees are required to: Select suitable accounting policies and to apply them consistently., Observe the methods and principles in the Charity SORP. Make judgements and estimates that are reasonable and prudent., State whether applicable accounting standards have teen followed, subject to any material departures disclosed and explained in the financial statements,. Prepare the financial statements on a going COnM basis unless it is inappropriate to presume that the Charity 11 Continue in business.
STRAND PARISHES TRUST TRUSTEES. ANNUAL REPORT (contlnued) YEAR ENDED 31 DECEMBER 2025 The Trustees are responsible for keeping adequate accounting records whith disclose with reasonable accuracy at any time the financial position of the Charrty and enable them to ensure that the finanual statements comply bwth the Charities ACL They are also responsible for Safeguarding the assets ofthe Gharity and hence for taking reasonable steps for th8 prevention and detection of Iraud arKI other irregularities. f. Management Day to day management is delegated to the Cl8d( to the Trustees, who works with the Chairman and Trustees to ensure the smooth arKI effective running of the Charity. g. Trustso Recrulbnent and Inductlon Trustees are recruited through a variety of methods. As stated elsewhere three Trustees are ex-officio by virtue of their office at St Mary le Strand with St Clement Danes and one Trustee is nominated by the London Borough of the City of Westminster. The remaining Trustees, who are ctropted, are identrfied through personal contact and racommendation and are chosen for their expertise and knowledge of the area of benefft. The Trustees endeavour to ensure that there is a balance of skills. gender, age and cultural backgrourvjs represented. The Trustee n¢)minated by the London Borough of the cty of Westminster and cNpt8d Trustees serve for a period of four years. Trustees may stand again at the end of that tem. New Trustees ceIve an induction pad( and are inducted by the Clerk lo the Tru8tee8 arKI more experienced Trustees. Trustees ar8 encouraged to partiapate in extemal training programmes a8 appropriate. Trustee8 agree to follow the Charrty Commission Good Govemance Code. h. FINANCIAL REVIEW OF ACTMTIES The financial statements reflect the activities of the Charty for the y8ar ended 31 December 2025. Fl ncial Posltl stnd ParFshes Trust Is a pemianently endotd charity, resuliing from the generoslty of various benefactors of fomier years. The Permanent Endowment Fund totalled £ 5,927,539 at 31 December 2025 (2024.. £ 6,174,379). Upon amalgamation in 2007, the Charity was also in receipt of a¢cJJmulated income which th8 contributing charities had preserved. wth due consideration to future needs, to ensure th8 abilty to maintain constant levels of grant-making during more difficult times. amalgamation, the Charity Commission agreed that this wudent management could be maintained and that these income-generating funds be designated for that purpose. The total Designated Fund totalled £ 3,498,115 * 31 December, 2025 12024: £ 3,644,507). When considering the finances of the Charity the Trustees have continued to ac prudently and in the current best interests of the Charity and its fuiure beneficiaries. In the year erKliNJ 31 December 2025 the Charity receNed income of £ 273,831 {2024: £ 269,215) from its investrnents. from interest and from additional miscellaneous income.
STRAND PARISHES TRUST TRUSTEES. ANNUAL REPORT (conbnued) YEAR ENDED 31 DECEMBER 2025 Expenditure on charitable actilieS and on necessary administration totslled £ 280.671 (2024: £ 261,785). This r8suFted in a slight deficit in line with the Trustees. intention to use up unspent income from previous years. Investment Policy and Perfomianc• The Charty's investments are managed by CCLA Investrn8nt Management Limited, 8plit between the CBF Charities Investment Fund and the CBF Deposit Fund. Th8 manager works wittmn an investment objective to wotect value of capital and incom8 in real lefms over the medium to long term. In view of the Continuing difficult times in the financial markats generally, the Trustees consider the r8tum in the year to be satisfactory. Ther8 were no sales or purchases of investment8 in 2025 hence no gains or1088es were realised 12024: realised gainsl losses were nil). Ther8 were net unrealis8d losses on investments of £ 386,393 {2024.' g8in of £ 216,270). RM•rv•$ Pollcy After expenditure on ner%ssary administration the Trustee8 aim to expend the income for the curr8nt year on grant8 and pensions in acwdance with the Chanty's schem8. As the expenditure lor the current year is budgeted in accordance with income reIVed over the year, minimum offree reserves are required lo maintain the running of the Charty. To that end Trustee8 aim to maintain reser4e$ of up to four months. expenditure on the management of the Charity. Free reser¥es for this purpose totalled £ 146,936 at the yearvend (2024.. £ 153,776), Rlsk Manag•m•nt Risk is assessed and managed by the Finance and General Purposes Committee who report to and advise the Board of Trustees in order to provide assurance to the Trustees that resources are efficiently allocated and Lrtilised. The Finance and General Purposes Committee has adopted the Charity Commission 8tandard for risk a$8es8ment and undertakes full review annually and rewews high nsks at every meeting. The Trustees have assessed the rnajor risks to which the charity is exposed particularty those related to the operations and finances of the charity and are satIsfd that Systems are in plac%} to mitigate exp08ure to major risk8. Signed on behall of the trustee8 169 Strand London WC2R 2LS Roy Sully Clerk to the Tru8te88
REPORT OF THE INDEPENDENT AUDrroRS TO THE TRUSTEES OF THE STRAND PARISHES TRUST FOR THE YEAR ENDED 31 DECEMBER 2025 Opinlon We have audited the financial statements of the Strand Parishes Trust (the '¢harity') for the year ended 31 December 2025 whiGh comprise the Statement of Financial Activitie5, the Balance Sheet and notes to the financial ststements. including a summary of significant a¢¢ounting policies. Th8 financial reporting framework that has been applied in their preparation is applicable law and Unrted Kingdom Accounting Standards, induding Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally ACpted Accounting Practi). In our opinion, the finanaal statements: give a true and fair view of the state of the charity's affairs as at 31 December 2025 and of its incoming resources and appli¢ation of resources for the year then ended" have been properly prepared in accordance wtth United Kingdom Generally Accepted Accounting Pradice, including Financial Reporting Standard 102 'Th8 Financial Reporting Standard appll¢able in the UK and the Republic of Ireland,. and have been prepared in accordance wsth the requirements of the Charities Act 2011. Ba8ls for oplnlon We conducted our audit in accordance wrth Intemational Standards on Auditing (UK) (ISA8 (UKI) and applicable law. Our responsibilities under those standards are fvrther described in the Auditor's responsibilities for the audrt of the financial statements Section of our report. We are Independent of the charity in accordance wrth the ethi¢al requirement$ that are relevant to our audit of the finanual stalements in the UK, induding the FRC'S Ethical Standard. and wa have fulfilled our other ethical responsibiliti'es in accordance with th88e requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Con¢luslon• relatlng to golng Conrn In audrting the financial statements, we have concluded that the truslees, use of the going ncem basis of accounting in the preparation of the financial statements 18 appropriate. Based on the work have perfrned, we have not identffied any material unc¥rtainties relating to events or conditions that. individually or collectively, may ¢a8t signfficanl doubt on the charity's ability to continue as a going concem for a period of at least e1ve months from when the financial statements are authorised for i88ue. Our responsibillties and the responsibilities of the trustees Vth respect to going concem are described in the relevant sections of this pOrt. Other infomiatlon The other infomation Comprises the information induded in the annual report, other than the nancial ststements and our auditofs report thereon. The trustees are responsible forthe other Infomation. Our opinion on the finanual statements does not cover the other infomiation and we do not express any form of assurance con¢lu8ion thereon. Our responsibilty 18 to read the other infomation and, in doing so, consider whether the other Infomiation is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identfy such material inconsistencies or apparent material mwtatements, y are required to determine whether there is a material misstatement in the finanaal statements thems8lv8s. If, based on the work we have performed, we conclude that there is a material misstatement of this other infomation, we are required to report that fact. W8 have nothing to report in this regard. io
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE STRAND PARISHES TRUST FOR THE YEAR ENDED 31 DECEMBER 2025 Matters on which we arn required to rnport by exception We have nothing to report in resFect of the following matters in latiOn to which the Charities (Accounts and Reports) RegulatnS 2008 reqUe us to report to you rf. in our opinion: the infomiation gNen in th8 finanaal statement$ is inconsistent in any material re$pect wtth the trustees, report.. or sufficient accounkn'ng records have not been kept; or the financial statements are not in agreement with the accounting cOrdS. or we have not received all the infom)ation and explanations we require for our audit. Re8pon8lbllltkn8 of tru8tOO8 As explained more fulty in the Trustees, Responsibilities Statement set out on page 7, the Trustees are responsible for the preparation of the financtal statements and for being satisfied that they give a true and fair view. and for 8uch intemal control as the trustees detemjine is necessary to enable the preparation of financial stalement8 that are free from malerial misstatement, whether due to fraud or error. In preparing the financial stat8m8nts, the trustees are responsible for assessing the charity's ability to continue as a going concem. disclosing. as applicab, matters related to going concern and using the going concem basis of accounting unless the trustees either intend to liquidate the charty or to cease operations, or have no realistic alternative Exrt to do 80. Audltorf• r•8pon•lblllllM for th• •udlt of th• flnanclal statements W8 have been appointed as auditor under Section 144 of the Charities Act 2011 and report in accordance wth the Ad and relevant regulations made or having effect ther8und8r. Our objective8 are to obtain reasonable a88uran¢e about wh8th8r tha flnanclal 8t8tem8nts a8 whole are free from material misstatement, whether due to fraud or error, and to Issue an audito s report that includes our opinion. Reasonab assurance is a high level of assurance but 18 not a guarantee that an audit Conducted in accordance wth ISAS (UK) will alway8 detect a material misstatement when it exists. Misslatements can arise from fraud or error and are onsidered material if, individually or in the aggregate, they ¢oukl rea80nably be expected lo Influence the econ&yni¢ dlS1on$ of usern taken on thè basis of these finanaal statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design proeedur8s in line with our responsibilitses. outlined above, to detect mat8rial misstatements in respect of irregularities, including fraud. The extent to which our prOdureS are Capable of detecting irregularities, including fraud is detailed below.. The Charity is required to comply with tharity law and, based on our knowledge of its activities, we idents'fied that the legal requirement to comply with the Charity SORP was of key signtfi¢ance. We gained an understanding of how the charity complied with its legal and regulatory framework, including the requirement to comply with th8 Chanty SORP, through discussions wilh management and a review of the dc>cumented Folicies, procedures and controls. The audit team, which is experienced in the audit of charities, considered the charty'8 susceptibility to material misstatement and how fraud may occur. Our considerations induded the risk of management override.
REPORT OF THE INDEPENDENT AUDrroRS TO THE TRUSTEES OF THE STRAND PARISHES TRUST FOR THE YEAR ENDED 31 DECEMBER 2025 Our approach was to check that all income was properly identified and accounted for and to ensure that only valid and appropriate exFendItU was charged to the charity's funds. This induded reviewng joumal adjustments and unusual transac*ons. A further description of our responsibilities for the audit of the financial staternents is located on the Financial Reporting Council's website at: V•WW.frc.org.uklaudrtorsresponsily'lities. This description form$ part of our auditorfs report. Uso of our report This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Chanties (Accounts and Reports) Regulations 2008. Our audit work has been undertaken, so that we might state to the tharity's trustees those matters we are required to state to them in an auditor's report and for no other wrpose. To the fullest extent P8miitted by law, we do not accept or assurne responsibility to anyone other than the Gharrty and the charity's trustees as a body, for our audit work, for this report or for opinions we have formed. Knox Crc per LLP. Statutory Audrtor 65 Leadenhall Street London EC3A 2AD 12
STRAND PARISHES TRUST STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 DECEMBER 2025 Total Funds 2025 Funds 2024 Funds Funds INCOME Donations Investment Income Bank Interest TOTAL INCOME EXPENDrnJRE Expenditure on Chartsble Athi 273h36 395 273 831 273,436 395 273 831 268,620 595 269 215 280,671 280,671 261,785 TOTAL EXPENDrruRE 261785 NEf (EXPENDrruRE)IINCOME (6WO) (6,840) 7,430 OTHER RECOGNISED GAINS AND LOSSES Gains/(Losses) on RevalLHtlor of Investmert Assets 14ET MOVEMENT IN FUNDS 216 270 223,700 (146,393) (246.840) (393,233) REC014CIUATXON OF FUNDS Totsl Funds Brought Forn¥ard 3,644,508 6,174,379 9,818,887 9,595,187 TOTAL FUNDS CARIUED FORWARD 115 5 927 539 9 818 887 All of the above amounts relate to continuing activitie8. 13
STRAND PARISHES TRUST BALANCE SHEET 31 DECEMBER 2025 2025 2024 Tangible Assets 9 278 718 9,278,718 9 665 111 9,665,111 CURREKf ASSErs Cash at Bank Gish on Deposlt Debtors 55,474 119,848 1.214 45,574 119,848 1,423 CREDrroRS: Amounts fJlllng due wlthin one year io NEf CURRENT ASSETS 153 776 TOTAL ASSEfs LESS CURRENT 9 818 887 FUNDS EndOWnt Funds Unrestricted Income Funds li 12 5,927,539 3h98.115 6,174,379 3,6+1,508 TOTAL FUNDS 9 818 887 These financial statement8 Yre approved by the Trustees and authorised for issue and are signed on thwr behalf by: Mrs M.D. Roberts Date 16Tu £tsLÉ 14
STRAND PARISHES TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 ACCOUNTING POUCIES Basis of a¢Gounting The financial statements have been prepared in accordance with applicable United Kingdom accounting standards and the requirements of the Statement of Recommended PraCti,AccOuntlng and Reporting by Charities, (SORP 2019). preparing these accounts in accordance with th8 Financial Reporting Standard applicable in the UK (FRS 102) and the Charities Act 2011. The charity is a public benefft entity as d8fined by FRS 102. The Tw8lees consKler that there are no material uncertainties about the Tru8V8 ability to continue as a going concern. Fund accountlng Permanent endowrnent funds are funds which th8 trust88s ar8 legally requlred to invest or to keep and use for the Charity's purp08es. They must be held pernanently, to rxoduce an income for the charity. Unrestrided funds are available for use at thé discretion of the tru8tees in furtherance of the gener81 objectives of the chanty. Designated fund8 are unrestricted funds eamiarked by the trustees for particular purposes. Incomlng ruourco• All incoming resources are induded in the ststement offinandal activitie$ vthen the charity Is entitled lo the income and the amount can be quanttfied with reasonable ac¢uracy. The following 8pecffic policie8 are applied to particular categori08 of income: VolLmtary income is receNed by way of grants. donation8 and gifts and is included in full in the Statement of Financial ActNiti'es when receivable. Donated Servi arKI facilities are induded at the value to the d)arity where this can be quanttfied. Thè value of services provided by volunteers has not been induded in these accounts. Investment income is included when receivable. Is
STRAND PARISHES TRUST NOTES TO THE FINANCIAL STATEIIIENTS YEAR ENDED 31 DECEMBER 2025 ACCOUNTING FIOLICIES (contyn Resources axpend•d Expendrture is recognised on an acuual basis as a liabilty is incurred. Expenditure includes any VAT which cannot be fvlly recovered, and is reported as part of th8 expenditure to which it relates: Charitable expenditure comprises those Gosts incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs thal can be allocated directly to such activrties and those costs of an indirect natu necessary to support them. Govemance costs indude those costs associated with meeting the constitutional and statutory requirements of the charity and include the audivexamination costs, and costs linked to the strategic management of the charity. Grants payable are charged in the year when the offer 18 made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaGhing are fulfilled. Grants offered subject to conditions which have not been met at the yearaend are noted as a commitiiient. but not arxrued as expenditure. InVlMont assets and Incom¢ Investments are Stated at market value at the balance sheet date. Th6 818tement of financial activitles includes the net gains and losses arising on revaluations arKI disposals Ihroughout the year. Flxed assets Fixed assets (excludlng Investments) are stated at cost less accumulated depreciation. The Gosts of minor additions or those cosling below £500 are nol capitalised. D•pr•clatlon Depreciation is calculated so as to write off the cost of an asset. le88 ts estlmated residual value, over the useful economic lrfe of that asset as follows.. Flxtures and Fitbngs 30% straight line. 16
STRAND PARISHES TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 2. DONATIONS Unrestrlcted Funds Total Funds 2026 Total Funds 2024 INVESTMENT INCOME Unrestricted Funds Total Fund• 2025 Total Funds 2024 Dividends and Interest Recer4ed 268 620 4. COSTS OF CHARITABLE ACTivrriES BY ACTivrrY TYPE Total Fund• 2025 Total Fund8 2024 Grants to Individuals- Pensions Grants lo IndNiduals- Other Grants lo Inslrtulons Support Costs (Note Sl 10,250 14,290 218.649 37M82 280,671 12,850 13,630 198,126 37,179 261,785 SUPPORT COSTS Unrn8tri¢l•d Fund8 Total Fund• 2025 Totsl Fund8 2024 Salaries and Employment Costs Premises Costs Audit Fee Legal Fees Travel and Subsistence Printing. p)stage and stationery Telephone and ICT Other Costs Training Bank Charges Depreciation 23,720 4,113 23,720 4,113 5,900 22.619 5,082 5,700 70 1.470 31 1.748 583 947 1.470 1.223 1.223 506 469 37,482 37,482 37,179 17
STRAND PARISHES TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 6. STAFF COSTS AND EMOLUMENTS Total stsff costs were as follows: 2025 2024 Wages and salaries Social security costs Payroll Administration 21.700 LT14 Z46 23,720 20.763 1,626 230 22,619 Partlculars of amployeeg: The Clerk to the Tnjst, vtho works on o part time basi8, Is the only employee. No employee receivod remuneration of more than £60,000 during the year {2024- Nil). TRUSTEE REMUNERATION & RELATED PARTY TRANSACTIONS No member8 of the Board of Trustees r1ved any remuneration during the year or the previous year (2024.. Nil), Modest travelling expenses of £70 were paid to one Trustee (previous year £ 31). No tNstee or other person related to the charity had any personal Inter8St in any contract or transaction entered into by the charrty during the year or the previous year. TANGIBLE FIXED ASSETS Flxtum & Flttlng8 COST At 1 January 2026 Addftlons At 31 Docomber 2025 671 671 DEPRECIATION At 1 January 202S Prnviously Chargod Charge for the year At 31 Docemb•r 2025 571 571 BOOK VALUE At 31 December 2025 At 31 December 2024 18
STRAND PARISHES TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 9. INVESTMENTS Movement In markét valué 2026 2024 Market value at 1 January Acquisitions at cost Disposals at Opening book value Unrealised gains (Ios8es)on revaluations in the year ended 31 December Market value at 31 December 9,666.111 9.448,841 386 393 216 270 9.278 718 9,665,111 Galn81(lossos) on Investments 2025 2024 Unrealise(l (lossesvgains on revaluations in the year ended 31 December Realised1088es on the sale of Investments {386.393) 216,270 Total realised and unrealised gain8 386 393 216.270 Llsted Investments comprise portlolios managed by CCLA Investment Managem8nt Limited. 10. CREDITORS: Amounts falllng due wlthln on• yr 2025 2024 Audit Fee Grants Agreed but not yet Pald 5,900 23.700 29.600 5,700 7,369 13,069 19
STRAND PARISHES TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 11. ENDOWMENT FUNDS Balance at Galns and 31 Docember lossos 2025 Balance at 1 January 2025 Pormanont ondowmonts Pemianent Endowment Fund £6.174,379 {246,840) £5,927.539 The endowment funds are hekl to provide the income for the chantys charitable activitie8 and govemance. Comparatlv• Endowment Funds: Balance at Gains and 31 Dernber losses 2024 Balance at 1 January 2024 Pemianent endowments Permanent Endowment Fund £6,036.219 138,160 £6,174 379 12. UNRESTRICTED INCOME FUNDS Balanc• at Balanc• at 1 January Incom5ng Outgolng Gain• and 31 D•¢•mb•r 2026 rosour¢•s rnsourc losses 2025 Designated Fund General Funds 3,490,732 96,996 176 836 273 831 196,99S) (139,553) 183 676 280 671 3,351,179 139553 3498 115 Designated Reserves comprise unspent income brought fOard from closed charities and 'ring-fenced' to provide future income. These are available for expenditure at the Trustees, discretion. Comparatlve Unrestrlctod Income Funds: Balance at 1 January 2024 Balanca at Gains and 31 December losses 2024 Incoming OLrtgoing resources re50urces Designated Fund General Funds 3,412,622 146,346 3 558 968 94,731 174,484 269 215 (94,731 } 167,054 261,785 78,110 3,490,732 153,776 3.644,508 20
STRAND PARISHES TRUST NOTES TO THE FINANCIAL sTATEMErs YEAR ENDED 31 DECEMBER 2025 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS: 2025 Tangible fixod assets Net current assets Inveslments Totsl Endowment Fund$: Permanent EndoNvTnent Fund Unrestrlcted Income Funds: Designated Funds General Funds 5,927,539 5,927,539 3,351,179 3,351,179 146,936 146,936 Total Funds 9.278,718 146.936 9,425,654 Comparnllv• Analy$l8 of Nèt Assets betweon Fund*: 2024 Tangible fued assets Net current assets Investments Total Endowment Funds.. Pemianent Endowment Fund Unrestri(tsd Incorne FurKIs'. Designated Funds General Funds 6.174,379 6.174,379 3,490.732 3,490,732 153,776 153.776 Tot81 Funds 9,665,111 153,776 9,818,887 14. TAXATION The charity is exempt from tax on income and gains to the extent that these are applied to it8 chantable ¢)bj8cts. No tax charges have ari8en in th8 Charity. IS. RELATED PARTIES There were no related party transactions during the year. 21
STRAND PARISHES TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 16. COMPARATIVE STATEMEKf OF FINANCIAL ACTIVITY UnrutIlrt Endowment Funds Funds Total Funds 2024 INCOME Donations Investsnent Incc Bank Interest TOTAL INCOME 268,620 595 269 215 268,620 595 269 215 EXPENDrnIRE Expervjiiure on Charltable EtltI 26 785 261 785 TOTAL EXPENDMIRE 26¥785 261,785 NEf INCOMEI(EXPENDrnIRE) OTHER RECOGNISED GAINS AND LOSSES Galnsl(L055es) on Revaluatlons of Investrnent Assets 78.110 138,160 216,270 NEf MOVEMErir IN FUNDS 138,160 223,71)0 RECONCILIATION OF FUNDS TOTAL FUNDS BROUGTrrr FORWARD 3,558,968 6,036,219 9,595,187 TOTAL FUNDS CARRIED FORWARD £9 22