2024-12-31-accounts

Docusign EnvelopÈ ID." F58F855(k1 F8&488￿903C-3D22E06CA43g ALL SAINTS KINGSTON UPON THAMES (registered charity no. 1128049) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 HPH Chartered Accountsnts 54 Bootham YORK Y030 7XZ

Docusign EnvelopÈ ID." F58F855(k1 F8&488￿903C-3D22E06CA43g ALL SAINTS KINGSTON UPON THAMES ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 CONTENTS Pagelsl Annual Report of the Parochial Chureh Council Independent Examiner's Report 1 to8 Statement of Financial Activities 10 Balance Sheet Notes to the Financial Statements 12to21

Docusign EnvelopÈ ID." F58F855(k1 F8&488￿903C-3D22E06CA43g ALL SAINTS KINGSTON UPON THAMES ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2024 The Parochial Church Council {'the PCC") has pleasure in presenting its Annual Report together wfch the Financial Statements for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in the notes lo the financial statements and comply with the PCC'S governing document, the Charities Act 2011, the relevant version of the Statement of Recommended Practice applicable lo charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and UK Generally Accepted Accounting Practice. The financial statements have been prepared lo give a 'lrue and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the extent required to provide a 'lrue and fair view,. This departure has involved following the relevant version of the Slalement 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 rather than the Accounting and Reporting by Charities. Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The PCC is a Public Benefit Enlily. Aim and Purpose All Saints PCC has the responsibility of co-operating with the incumbent, the Reverend Joseph Moffall, in promoting In the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of the Church complex, church grounds and the freehold property al 49 Union Street. Objectives and Activities The PCC is committed lo enabling as many people as possible to worship at the Church and to become part of the parish community al All Saints. The PCC maintains an overview of worship throughout the parish and makes suggestions on how services can involve the many groups that live within the parish. The services and worship put faith into practice through prayer and scripture, music and sacrament. When planning the actimlies for the year, the incumbent and the PCC have considered the Charity Commission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. The PCC try to enable ordinary people lo live out their faith as parl of the parish community through.. Worship and prayer", leaming about the Gospel," and developing knowledge and trust in Jesus Christ", Provision of pastoral care for people living in the parish., Missionary support and outreach work. To facilitate this work, il is important that we maintain the fabric of the Church of All Saints Kingston Upon Thames and the surrounding grounds.

Docusign EnvelopÈ ID." F58F855(k1 F8&488￿903C-3D22E06CA43g ALL SAINTS KINGSTON UPON THAMES ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and Performance Worship and Pray8r The PCC is keen lo offer a range of services during the week and over the course of the year that the community finds both beneficial and spiritually fulfilling. During 2024 the weekly round of ServI￿S has continued, with Sunday ServI￿S at 8.00am IBCP Communion), 9.30am (Parish Communion) and e.00pm Choral Evensong. Midweek Communion services take place at 12.00 noon on Tuesday, Wednesday and IBCPI Thursday. The additional service of Choral Evensong is al 5'30pm on Wednesdays during term time Mrilh said Evening Prayer at the same time during the holiday period. There were several high-profile services which took pla￿ during the year including the Kingston Episcopal Area Ordination Servi￿, the annual Mayoral Service and the Crown Court Service. Church Allendance The average allendance al Sunday services during October 2024 (the period used for the annual slalislical return to the diocese) was 148 adults and 12 children. The number of communicants on Easter Day was 150. Total number attending on Christmas Eve and Christmas Day was 867- these services were also viewed via YouTube by 98 Imidnighl Massl and 164 Ichristmas Dayl. There were 10 baptisms during the past year, 1 wedding and 3 funeral services were conducted al the Church and 7 were conducted elsewhere by a member of the All Saints ministry team. Other Church Activities Details of all other church activities and groups, and more detailed commentaries on these aclivilies, are contained in a separate Annual Report provided with this report and available on the church website www.allsainstskingston.co.uk

Docusign EnvelopÈ ID." F58F855(k1 F8&488￿903C-3D22E06CA43g ALL SAINTS KINGSTON UPON THAMES ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2024 Financial Review Fund Movements 2024 showed a reduction in total funds of £11,556 from £539,23710 £527,681 compared to a reduction of £71, 145 in 2023. General Fund The unrestricted General Fund showed a reduction of £8,200. This movement was arrived at after recognising income of £329, 188 less expenditure of £303,204 generating a net operating income of £25,984 prior lo the transfer of £34, 184 from the General Fund to other Funds. Planned Gwing remains our largest single source of income and encouragingly in 2024, we received a total of £94,042 vs £88,390 for the prior year. These donations were further enhanced by Gift Aid contributions. We are most grateful lo all who give so generously. The largest singular regular expense is the contribution to the Parish Support Fund at £121,512 vs £117,624 for the prior year. After considering future significant maintenance and capital projects and expendilLJres, a resel of the Parish Support Fund pledge level was discussed with the DiC￿eSe and agreed by the PCC such that the level for 2025 will be £110,000. Desi nated Funds Total Designated Funds grew £36,891 from £343,750 to £380,641 over the year. The movement was arrived al after recognising income of £60,021 less expenditure of £70,333 generating a net operating expenditure of £10,312 supplemented by the transfer of funds from the General and Endowment Funds of £47,203. Endowment Funds Total Endowment Funds showed a decrease of £39,526 to £56,089. 2024 saw the final liquidation of the Assistant Priest's Residence Fund and also the Fanner Bequest Fund Lon Term Loan During the year, further repayments were made of£8,500 against the £170,000 long-term loan from Methodist Chapel Aid Ltd. taken out in 2015 to complete the refurbishment of the church. Interest on the loan is currently charged at 5.650/0 and the outstanding loan balance now stands at £77,750.

Docusign EnvelopÈ ID." F58F855(k1 F8&488￿903C-3D22E06CA43g ALL SAINTS KINGSTON UPON THAMES ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2024 Financial Review- continued Signific8nt Expenditures Fabric and Maintenance 2024 was a year where several previously incepted projects were completed and several others were commissioned. A significant amount of preparation work was also carried out in assessing the further funding required to enable the execution of necessary works arising from the last quinquennial inspection and new emergent works. Significant non recurrent expenditures incurred included.. The completion of the works on the electric slop action and other enhancements on the Frobenius organ incurred tail costs of £13,025 The completion of the new church lighting system wth LEDS and a new digital lighting control system incurred tail costs of £15,900 Tree cutting in the churchyard al a cost of £4,000 Roof repairs highlighted from the quinquennial inspection £13,200 A buttress survey, flagstone repair and roofing works at a cost of £5,800 non Fabric and Maintenance Legal costs incurred for the lease renewal on 48 Union Street at a cost of £5,700 The replacement of a flat screen Tv-based audio-ViSLJal system in the Heritage Gallery with a new 4K projector system a cost of £9,400 Rebranding and re-design of the church website at of cost of £6,000 Signific8nt Projects- with dedicated fundraising Saxon Kin The Saxon Kings Fund is a fund for the creation of a series of spectacular and unique embroidery panels lo tell the story ofthe seven Saxon kings understood lo have been crowned at Kingston Upon Thames. A significant effort was made during the year to raise the funds required for the completion of the remaining panels in time for the 11001h anniversary of Alhelslan's coronation in 2025. The balan￿ of this fund was £46,190 at the year end and the project is on track lo be fully funded and delivered in 2025. Choir Robes The prior year fund balance of £18,000 was fully ulilised for the procurement of replacement choir robes as the robes used by the choir were in a very dilapidated condition after over thirty years of continuous use. In 2022, a fund was launched lo raise the money to repla￿ them. Thanks to events organised by the choir and numerous donations, many from serving and ex- choristers, funds of over £20,000 had been raised without the need for any additional funding from the church.

Docusign EnvelopÈ ID." F58F855(k1 F8&488￿903C-3D22E06CA43g ALL SAINTS KINGSTON UPON THAMES ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2024 Flnanclal Revlew- contlnued Significant Grants ReGewed Cathedral Music Trust CMT in Partnershi with the Ro al School of Church Music RSCM An award of £5,000 was received lo support the Lifting Young Voices project lo increase the participation of primary school students in singing and offer pathways to church choral singing. The church is extremely grateful for the generosity of both organisations which enabled the fledgling project to expand from its m(xJest beginnings. Southwark Diocese- Diocese Investment Pro DIP ram Liftin Youn Voices LYV During the second half ofthe year the church applied to the Southwark DI0￿Se for DIP funding to continue the Lifting Young Voices Program. The church was successful in its application and secured long term funding through 2029 in eX￿s$ of £450,000. This grant afforded the project the financial security and allowed for the ￿rUItment of several choral trainers and an Assistant Director of Music. The intention is to bring the program to 8 local schools in 2025 as well as establishing the chLJrch as a hub centre of excellence. Ousele Church Music Trust The church received a grant of £3,600 to assist with the funding of the Choral Scholar Programme. The church is extremely grateful for the generosity and financial support from the Trust that will enable the enhan￿ment of the standards and continuation of the strong choral tradition present within the church. Voluntar Communil and Social Enter rise VCSE Team Green Grant The church received a one off amount of £5,000 funded by the Royal Borough of Kingston Upon Thames to support its project vision of enhancing the biodiversity of the All Saints, churchyard for the benefit of current and futu￿ generations. Reflection Looking back over 2024, it is fair lo say that the church's finances were stretched in a difficult financial climate. However, our future plans, together with the uncertainty over rising costs and the list of work needed lo maintain a Grade 1-listed church building as well as Committing lo reducing the church's carbon footprint, means that we Musl continue lo seek ways lo increase our recurrent income stream and our capital reserves. Only in this way can we be confident that we wll have the resources to look after our wonderful church building and to expand our mission lo the people of Kingston-upon-Thames and beyond. Reserves Policy We aim to keep our General ReseNe al a level equivalent lo approximately three months, running costs. We are currently restructuring our other reserve accounts so that, as far as any ctsnstraints on these accounts will allow, these will be concentrated within our Fabric Funds.

Docusign EnvelopÈ ID." F58F855(k1 F8&488￿903C-3D22E06CA43g ALL SAINTS KINGSTON UPON THAMES ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2024 Volunteers We would like to thank all the volunteers who work so hard to make our church the lively and vibrant community that it is. Structure, Governance and Management The PCC is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure 1956, as amended by the Church Representation Rules 2006, and is registered with the Charity Commission, number 1128049. The method of appointment of PCC members is sel out in the Church Representation Rules. All those who attend services or are members of the congregation are encouraged lo register on the Electoral Roll and stand for election to the PCC. The PCC members are responsible for making decisions on all matters of general concern and importance lo the parish including deciding how the funds of the PCC are to be spent. The All Saints PCC met 6 limes during the year following the 2024 APCM (June 2024-April 20251 and there were also 5 meetings of the PCC Standing Committee during this period. There are 11 elected and co-opted Members and 11 ex offi'cio members including the clergy, wardens and Deanery Synod representatives. The average attendance was 17. The PCC'S regular business includes the monitoring of the Church's finances, reviewing Church life and events, health and safety issues including safeguarding, and preparing for forthcoming services and other events. The work of the PCC is greatly assisted by the appointment of su commillees to look in detail at particular issues. The Standing Committee is formed from members of the PCC and is constituted as follows.. the Vicar, the Churchwardens, the Honorary Treasurer, the Deputy Churchwardens and the PCC Secretary. Meetings take place every two months, alternating with PCC meetings. The creation and adoption of our Mission Action Plan in May 2023 provided an important focus for the work of the PCC in identifying strategic missional priorities for the next 3 years. We selected the following four priority areas.. 1. Pioneer new ways to engage with children and young people 2. Lift our profile and outreach through better communications 3. Invest in our partnerships so that we better understand the needs of our community 4. Work to become an Eco Church Working Groups have been formed for each of these areas and these report on progress to the PCC. Some examples of initiatives are as follows.. the tsfting Young Voices project,. the Youth Café,. a review of the website and branding,. the creation of a fortnightly All Saints E- Bulletin,. the Canng for Creation SeThN￿., achievement of the Bronze EC￿ChUrch award,. the selling up of the bereavement café.

Docusign EnvelopÈ ID." F58F855(k1 F8&488￿903C-3D22E06CA43g ALL SAINTS KINGSTON UPON THAMES ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2024 Administrative Infomiation All Saints Church is situated in lfjngslon upon Thames. It is part of the Diocese of Soulhwark within the Church of England. The correspondence address is All Saints Church, Market PlaTr, Kingston upon Thames, l(tI IJP. PCC members who have served at any time from 1 January 2024 until the date this report was approved were.. Ex Officio.. Elgctgd mgmbers: Rev Joe Moffatt (Team Rectorl Eithne Fray Rev Sarah Williams (Curate) Lucy Robinson Rev Sandy Cragg (Honorary Curalel Peter Reddell Roshan Jathanna Ichurchwardenl elected April 2024 Mary Warman John Dewhurst (Deanery Synod Represenlativel Philip Walker 3-year term completed elected April 2024, Ichurchwardenl elected April Keith Long 2024 Elizabeth Deller "Alastair Deller (Treasurer) elected April 2024 Sheila Bryant Isabel Isaacson Isecrelaryl elected April 2024 & Julian Adams (elected April 2023", (Deanery Synod Representative) elected April 2024 resigned May 20241 Joni Timmins IDeanery SyncKI Represenlativel Reena Patel lelected April 20241 elected April 2024 Graham Nash (elected 20241 resigned Paul Thompson Ioeanery Synod Representative) December 2024 elected April 2024 Sian Adams lelected April 20241 Samantha Taylor IDeanery Synod Representalivel Daniel Kelly Gift Aid Secretary 'G8relh Williams (Assistant Treasurer," elected April 20241 'NB Mr Williams and Mr Deller reversed their roles of Treasurer and Assistant Treasurer in October 2024 The PCC'S bankers and independent examiner are.. Bankers.. Independent Examiner.. HSBC Bank PLC Clarence Street KINGSTON UPON THAMES Surrey KTI INS Sarah Wearing FCA DChA HPH, Chartered Accounlanls 54 Boolham YORK Y030 7XZ Administrativo Information - continuod CCLA Investment Management Limited The CBF Church of England Funds Senator House 85 Queen Victoria Street LONDON EC4V 4ET

Docusign EnvelopÈ ID." F58F855(k1 F8&488￿903C-3D22E06CA43g ALL SAINTS KINGSTON UPON THAMES ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2024 Statement of Responsibilities of the Parochial Church Council Law applicable lo charities in England and Wales and guidanee issued by the Central Board of Finance of the Church of England require the PCC to prepare financial statements which give a true and fair view of the PCC'S financial activities during the year. In preparing financial statements giving a true and fair view, the PCC should follow best practi￿ and.. select suitable accounting policies and then apply them consislenlly., make judgements and estimates that are reasonable and prudent, state whether the Church guidance, applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial slatemenls., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Church will continue in operation. The PCC are responsible for keeping proper accounting records which disclose with reasonable accLJracy al any time the financial position of the PCC and enable them lo ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the PCC and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the PCC on 20 March 2025 and signed on ils behalf by.. Rev Joe Moffatt IPCC Chaimanl

Docusign Envelope ID: F5BF8550-1F8B-488B-903C-3D22E06CA439

INDEPENDENT EXAMINER’S REPORT

TO THE PAROCHIAL CHURCH COUNCIL OF

ALL SAINTS KINGSTON UPON THAMES

I report to the trustees on my examination of the financial statements of The Parochial Church Council of All Saints Kingston Upon Thames (“the PCC”) for the year ended 31 December 2024.

This report is made solely to the PCC, as a body, in accordance with Section 154 of the Charities Act 2011. My independent examination work has been undertaken so that I might state to the PCC's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the PCC and the PCC's Members as a body, for my independent examination work, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the PCC’s financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Your attention is to drawn to the fact that the PCC has prepared the financial statements in accordance with the relevant version of the 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 (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

Independent examiner’s statement

Since the PCC’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the PCC as required by section 130 of the Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Sarah Wearing FCA DChA HPH, Chartered Accountants 54 Bootham, YORK, YO30 7XZ

20 March 2025

9

Docusign EnvelopÈ ID." F58F855(k1 F8&488￿903C-3D22E06CA43g ALL SAINTS KINGSTON UPON THAMES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrostrict8d Dosignat8d Funds Funds R8strict&d Funds Endowmont Funds Notè Total Funds 2024 2023 Income and endowments from: Donats'ons and legacies 21al Charitable activities 21bl Other trading a¢tivilies 21¢1 Investments 21dl 160,709 8,959 51,841 107,679 46,758 2,238 6,745 4,282 207,473 45,415 58,586 112,514 212,969 29,658 56,878 107,751 34,220 553 Total 329.188 60,021 34,226 553 423,988 407,2S6 Expenditure on.. Raising funds Charitable activities other 31al 31bl 31cl 3,783 298,935 486 3,783 427,817 5,210 4,199 477,638 4,880 S5,609 4,724 34,037 29,236 Total 303,204 70,333 34,037 29,236 436,810 486,717 Net operating incomellexpenditurel 25,984 110,3121 189 128,6831 112,8221 179,4611 Net gains on investment assets Transfers be￿en funds 1,266 112,1091 1,266 8,316 134,1841 47,203 19101 Net movement in fund$ 18.2001 36,891 17211 139,5261 111,5561 171.1451 Reconciliation of funds Total funds brought forward 94,752 343,750 5,120 95,615 539,237 610,382 Total funds carried forward 86.552 £ 380,641 4,399 £ 56,089 £527.681 £539.237 The notes on pages 12 10 21 forrll part of these financial stalemenl5. 10

Docusign EnvelopÈ ID." F58F855(k1 F8&488￿903C-3D22E06CA43g ALL SAINTS KINGSTON UPON THAMES BALANCE SHEET AS AT 31 DECEMBER 2024 Unrestricted Funds Designated Funds Re8tri¢ted Funds Endowment Funds Total 2024 2023 Note Fixed Assets Tangible Investments 350,000 350.C(10 56,089 350.000 60,576 56,089 350,0(KJ 56,089 406,089 410,576 Current Assets Debtors Bank accounts and short term deposits 13,037 13.037 26,024 88,637 110,585 6,018 205,238 220,374 Total Current Assets 101.674 110,585 6,016 218.275 246,398 Current Liabilities Creditors". amounts falling due within one year 15,122 10,694 1,617 27,433 39,987 Total current liabilities 15,122 10,694 1,617 27.433 39,987 Nèt Currènt Assèts 86,552 99,891 4,399 190,842 2[￿,411 Total assets less current 86.552 449,891 4,399 56,089 596.931 616.987 Creditors.. amounts falling du8 after one year 69,250 69,250 77,750 Net Assets 86,552 £ 380,641 4,399 56,089 £ 527,681 £ 539,237 Parish Funds Unrestricted Funds Designated Funds Reslrioted Funds Endowment Funds 86,552 86,552 380,841 4.399 58,089 94,752 343,750 5.120 95,615 380,641 4.399 56,089 86,552 £ 380.641 4.399 56,089 £ 527,681 £ 539,237 Approved by the Parochi81 Church Council on 20 March 2025 and signed on ils behalf by Rev Joe Moffatt IPCC Chaimianl Gareth Williams ITreasurerl The notes on pages 12 to 21 form part of these finanaal statements.

Docusign EnvelopÈ ID." F58F855(k1 F8&488￿903C-3D22E06CA43g ALL SAINTS KINGSTON UPON THAMES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES The financial statements have been prepared in accordance wlh the relevant version of the 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 and the Financial Reporting Standard applicable in the United Kingdom and Republi of Ireland IFRS 1021, the Charities Act 2011, the Church Accounting RegLJlations 2006 and UK Generally Accepted Accounting Practice. The financial statements have been prepared to give a 'true and fair, view and have departed from the Charities IAccounls and Reports) Regulations 2008 only lo the exlenl required lo provide 'Irue and fair view,. This departure has involved following the relevant version of the 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 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practi￿ effective from 1 April 2005 which has since been withdrawn. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of chLJrch groups that owe their main affiliation to another body, nor those that are informal gatherings of church members. The PCC is a public benefit entity. Fund Accounting Unrestrioted Funds are income funds which are to be spent on the PCC'S general purposes. Designated funds are general funds set aside by the PCC for use in the future. Project funds are designated for particular projects for administration purposes only. Funds designated as invested in fixed assets for the PCC'S own use are abated in line with those assets, annual depreciation charges in the SOFA, where applicable. Designated funds remain unrestricted and the PCC will move any surplus to other general funds. Restricted Funds comprise lal income from endowments which is to be expended only on the restricted purposes intended by the donor, and Ibl revenue donations or grants for a specific PCC activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis, where applicable. Endowment Funds are funds, the capital of which must be retained either permanently or at the PCC'S discretion,. the income derived from the endowment is to be used either as restricted or unreslricled income funds depending upon the purpose forwhich the endowment was established in the first place. 12

Docusign EnvelopÈ ID." F58F855(k1 F8&488￿903C-3D22E06CA43g ALL SAINTS KINGSTON UPON THAMES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Icontinuedl Income recognition All income is recognised once the PCC has entitlement to the income, there is sufficient certainty of receipt and so it is probable that the income will be received, and the amount of income receivable can be measured reliably. Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the income lo which they relate Is received. Grants and legacies are accounted for when the PCC is legally enlilled to the amounts due. Dividends and Interest are accounted for when receivable. All other income is recognised when il is receivable. Amounts received specifically for mission are dealt with as restricted funds. All income is accounted for gross. Expenditure recognition Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the PCC to that expendf(ure, il is probable that settlement will be required, and the amount of obligation can be measured reliably. Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish assessment is accounted for when due. All other expenditure is generally recognised when it Is incurred and is accounted for gross. Fixed assets Consecrated and benefice property is not included in the financial statements in accordan with section 10121 lal of the Charities Act 2011. Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church's inventory, which can be inspected at any reasonable lime. All expenditure incurred during the year on consecrated or benefi¢e buildings and movable church furnishings, whether Maintenan￿ or improvement, is written off. Other land and buildings held on behalf of the PCC for ils own purposes are valued al market value. No depreciation is charged against such properties as they are regularly maintained to such an extent that their estimated economic lives and residual values are such that their depreciation is insignificant. At each year end an assessment is carried out to ascertain whether there is any indication that the properties should be written down li.e. whether its carrying amount is more than its recoverable amounll. If there is no indication that a property should be written down, il is not necessary lo estimate the recoverable amount. 13

Docusign EnvelopÈ ID." F58F855(k1 F8&488￿903C-3D22E06CA43g ALL SAINTS KINGSTON UPON THAMES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Icontinuedl Investments Investments are stated at market value al the balance sheet date. The Stslement of Financial Activities includes the nel gains and losses arising on revaluation at the year end and disposals throughout the year. Stocks Stocks are valued at the lower of cost and nel realisable value, after making due allowance for obsolete and slow4noving items. Current assets Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less any provision for amounts that may prove uncollectable. Operating lease agreements Rentals applicable to operating leases where substsntially all of the benefits and risks of ownership remain with the lessor are charged against income on a straight-line basis over the period of the lease. Pensions Employees of the PCC are entitled to join a nominated defined benefit benefits scheme of the Church Workers Pension Fund. The scheme is considered to be a multiemployer scheme and pension costs are charged in the year contributions are payable. Irrecoverable Value Added Tax The PCC is not registered for Value Added Tax IVATI and accordingly expenditure is shown gross of irrecoverable VAT. The VAT incurred from lime to time on certain fabric repair and maintenance expenditu￿ can, however, be recovered under the Listed Places of Worship Grant Scheme. Going Concern The PCC has cash resources and has no requirement for extemal funding for ils day lo day operations. The PCC has a reasonable expectation that the church has adequate resources to continue in operational existence for the foreseeable future. As noted in the Annual Report of the PCC, the full impact of the coronavirus pandemic is yel lo be determined. The PCC continues lo believe the going concern basis of accounting is appropriate in preparing the financial slatemenls. Taxation The PCC is exempt from taxation on its income and gains under sections 521 to 536 of the Income Tax Act 2007 IITA 20071 and section 256 of the Taxation of Capitsl Gains Tax Act 1992 ITCGA 19921 respectively. 14

Docusign EnvelopÈ ID." F58F855(k1 F8&488￿903C-3D22E06CA43g ALL SAINTS KINGSTON UPON THAMES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Funds Designated Funds Restricted Endowment Funds Funds Totsl Funds 2024 2023 2. Income and endowments from.. 21al Donatlons and lega¢le$ Planned giving (gift aided) Collections (open platel Donations Lega￿eS Tax recoverable under gift aid T8x recoverable under GASDS Heritage funding Saxon Kings Tapestiies 94,042 14.390 32,798 18 15.398 2,002 2,061 94,042 14,526 37.276 1,018 19.946 2.002 2,061 36.602 88,390 17.129 52.726 14,436 28.012 1030 1,793 9,453 130 4.478 1,000 4.548 36.602 160,709 46.758 207,473 212.969 In 2023. £61.528 of donations and legacies income related to designated funds. All other income from donations and I￿acleS related to unrestricted funds. 21bl charitable activities Fees to PCC Fund raising foi good caus85 Miscellaneous receipts Lithng Young Vol￿$ Giants re￿IVed 8.385 574 8.385 1,830 8,626 1,461 1,256 980 11,296 22,924 12.276 22,924 319 19,252 8,959 2,236 34,220 45,415 29.658 In 2023, £19,251 of charitable activrties incorne related to restricted funds and £1,541 related to designated funds. All other income from charitable activities relsted to unresthcted funds. 21cl Other trading activities Church usage Concerts & recrtals Shop sales 37,878 3,997 9,966 37.878 10,742 9.966 41.721 5.648 9,509 6,745 51,841 6.745 58,586 56,878 In 2023, £5,648 of other trading a¢livrties related to designated funds, all other income from other trading activities related to unrestricted funds. 21dl Income from investments Interest & dividends Rent (Cafe) Rent (Union Street) Rent (Church Groundsl 2,434 24,835 21,000 59,410 4,282 553 7,269 24.835 21.000 59,410 10,217 19.694 21.000 56,840 107,679 4,282 553 112,514 107,751 In 2023, induded in inNme from investments was £4,641 relating to endowment funds and £1,793 relating to designated funds. All othei incotne from investment5 related to unre5trided fund5. Total Income £ 329.188 60,021 £ 34,226 553 £ 423,988 £ 407,256 15

Docusign EnvelopÈ ID." F58F855(k1 F8&488￿903C-3D22E06CA43g ALL SAINTS KINGSTON UPON THAMES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Designated Restricted EndobThent Funds Funds Funds Funds Total Fund5 2024 2023 3. Analysis of ExpendI￿re 3181 Raising funds Christlan Stewardship fund Entertainment fund Café expenses 1.405 2.378 1,405 2,378 402 306 3,491 3,783 3,783 4.199 In 2023, £nil of expenditure on raising funds rel3leil lo re5tricled funds 31bl Charitsble Activities Mis8ion8ry 8nd charrtable giving Giving to Good Causes Education Lifting Young Voices Ministry." Parish Support Fund Pledge Rector's expenses Misllaneous expen88 Salaries, wages and benÈfrts Assistant ministry Heritsge expenditure Music Choir Organ and piano Children's activities Church- utilities Church- insurance Upk8ep of services- sacramental expenses Church- fabric mainten8nce and repairs Printing, postage and stationery Tèlephones Flower fund Accounlanl's and professional fees Saxon Kings lapeslry costs Shop stock and expenditure Concert expenditure Eco church costs Computer equipment I IT Communitalions Sundry expÈnses 2,594 250 221 19.273 200 429 1.982 117.624 1.360 635 856 19,273 121,512 454 1,676 81,631 22.211 1,179 2,853 25,358 16,7D7 121.512 454 1.651 79,831 22.211 1.179 137 25 1.800 77.382 9.245 1.863 3.825 6.104 15.325 187 27.337 6.742 2,716 24,280 330 1,060 1.576 14.801 23.534 8,091 23.534 8,091 4.299 4,299 3.548 4,417 3,537 2.105 1.415 2.211 11,710 4,926 14,435 35,488 3,537 2,105 1,415 2,211 13,288 13,847 887 1,443 137,327 4.843 1.885 825 2.569 33,640 8.056 10,788 2,500 13.843 777 110 1.443 2,648 1,420 1.434 1.649 4.766 9.125 13,077 68 2.471 14,585 3,905 298,935 65,609 34,037 29,236 427,817 477,838 In 2023, included in expenditure on charitable activities wa5 £64.950 relating to designated funds, £26.327 relating to restricted funds and £88,880 related lo endowTnent funds. All other expenditure on charilabk actDiilES related lo unrestricted funds. 31cl Other expenditure Loan interest Bank charges 4.724 4.724 486 4.357 523 486 486 4,724 5,210 4,880 In 2023, inGluded in other expenditure wa$ £4.357 re131ing to designated funtls. Totsl expendlture £ 303,204 £ 70,333 £ 34.037 g 29,236 È 436,810 £ 486,717 16

Docusign EnvelopÈ ID." F58F855(k1 F8&488￿903C-3D22E06CA43g ALL SAINTS KINGSTON UPON THAMES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 31d} Gov8rnanc• costs Governance CA)sls of t1,25012023- È1.250I Induded in total gxpendilure are made up of accountancy fees for production of the ststulory £C￿ntS and Inde￿￿ent examination fees. 4. ROMU￿rat￿On 2024 2023 41al Staff Cost5 Vl¥ge$, $818ries and honotsr18 Employerts national insurance Pension contribLrtI￿s 88,751 69 3,748 74,834 2,976 92,568 77,810 The PCC unsiders its key management personnel lo comprise only of the Trustees, utho retrive no remuner¥lion in their capacity a$ Iruskes. No employee earned more than £60.0(N) 12022- None). The average head ¢¢unl (number Of st8fFemployedl duriNJ the year was 612023- 51. 41bl Trustse Remuneration and Related Party Transactions Apart from Ihe Incumbent's and assis&nl clergy worfting expenses no member of the PCC reived any remunerabon or No Iruslee or a person related to a trustee had any personal Interest In any contract or lrnnsaction entered into by the PCC dunng the year. There 8re no other rdaled party tr8n$4¢tions to disclose. 5. Tanglbl8 fixed assets Freehold property TotAI Cost orvaluation At 1 January 2024 Rev81u81ion 350.000 350,000 At 31 De￿rn￿Er2D24 350,000 350.000 Dèproelatlon At 1 January 2024 Charge for the year At 31 De￿rnber2o24 14et book value At 31 De￿mber 2024 35D.000 £ 350,000 At 31 08cemLr 2023 350,000 £ 350,000 I tangible assets b4ory lo the unrestricted de￿9fiated funds 6. Investments CBF Shares Total M8rkei value at 1 January 2024 Rev8lu¥lion gain Profit on disposal of Invesimenl$ DIsPOS81s 60,576 1,255 60,576 1.255 15,7531 15,7531 Matket value at 31 De￿rnber 2024 56,089 56,089 The Investment is wresenied by 2,425 sha￿S in the Central B08rd of Finantr. The investment ￿$181$ of 2,425 sh8re8 IRu$hmore Fabric Fund) acguittd at a cost of £51,100. ￿1 Investsheni¥ belong to the endowment futyJ$. 7. Dgbtors 2024 2023 GiftAid tax recoverable Trade debtors 2,500 10,537 14,553 13,037 26,024 Debtys amounting lo £nil 12023 - £nill r481e to reslricied funds. £nil 12023- £nill relate 10 design81ed funds 8nd the balance relates to unrestricted funds. 17

Docusign EnvelopÈ ID." F58F855(k1 F8&488￿903C-3D22E06CA43g ALL SAINTS KINGSTON UPON THAMES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 8. Creditors 2024 2023 Amounts falling due within one year Development loan Social security and other taxes Trade creditors Accruals Agency collections 8,500 2,075 10,835 5,806 217 8.500 3.761 18.814 1.500 7,412 27,433 39.987 Amounts falling due after one year Development loan 69,250 77.750 Creditors amounting to £79,944 12023 £86,250) relate to designated funds. £1.617 relate tr> restricted funds and the balance relates to unrestricted funds. 9. Parish Funds Current year Trzn5fersl Reclassifications of Funds1 Gains & Losses Brought Forward 0110112024 Carried Forward 3111212024 Income Expenditure Unrestricted Funds Accumulated fund 94,752 329,188 1303,2041 134,1841 88,552 94,752 329.188 £ 1303,2041 £ 134,1841 86.552 Unrestricted Designated Funds 48 Union Street Fabric fund Mission fund Music fund Lifting Young Vol￿$ Developrnent loan fund Saxon Kings Tapestries New Choir Robes 350.000 68,576 1.193 110.1721 350.000 61.180 5.282 1.379 7.849 1.021 124,7871 12,5941 19,7641 12.109 12.087 1.021 177.7501 46.190 199,1071 15,687 17,573 14,7241 110,7911 117,6731 26,081 41,294 3,196 I3,0￿) 343,750 60.021 £ 170,3331 47,203 380,641 Restrict8cI Funds Lifting Young VoiTrs Choristers, development fund Grants received fund 11.296 116.2181 14.9221 1.857 7.464 1.857 3.263 22.930 117,8191 19101 5.120 34.226 £ 134.0371 £ 19101 4,399 Endowment Funds- expendable A5S15tant priest's fund Fanner bequest fund Rushmore fabric legacy fund 32,938 6.534 56,143 129,2361 13,7021 16,5341 16071 553 56.089 95,615 553 £ 129,2361 £ 110,8431 56,089 Total Funds 539,237 423,988 £ 1436,8101 1,266 527,681 18

Docusign EnvelopÈ ID." F58F855(k1 F8&488￿903C-3D22E06CA43g ALL SAINTS KINGSTON UPON THAMES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 9. Parfsh Funds. contlnuod Comp8tstive ytsr Tran5feT51 R￿aSSIfICatIonS of Fundsl G8ins & Losses Brought Forward 0110112023 Carried FoNar 3111212023 Income Expènditure Unr&strict8d Funds Accumulated fund 86,085 312,853 1302,2031 94,752 86,085 312,853 £ 1302.2031 £ 11.9831 94.752 Unrestycted Designaled Funds 48 Union Stre81 Fabric fund Mission fund Music fund Light8 DèvÈlopmenl loan fund Saxon Kings Tapestries Newchoir Robe5 350,000 58,103 1731 14,8281 350,000 68.576 1.193 110.1721 32,525 1,466 4,529 5,000 116,0141 12001 19.8731 15.0001 14.3571 133,6481 16.0381 194,7501 26,439 2,016 199,1071 15.687 17.5731 11,960 15,030 10.936 742 336,907 70,510 £ 189.3071 5.640 343.750 Restricfed Funds Agency fund Choristers, development fund Gr8n18 received fund Errgy costs support grant Bells fund 137 1,857 1,857 3,263 19,252 115.9B91 11.4001 18.9381 1,400 12,458 13,5201 15,852 19.252 £ 126.3271 £ 13.6571 5,120 EndowmentFund5 Assistant priest's fund Fanner bequest fund Rushmore fabric legacy fund 114,748 5,880 50,910 2,290 156 2,195 188.8801 4.780 498 3,038 32.938 6.534 56,143 171,538 4,641 £ 188,8801 8.316 95.615 Totsl Fund5 610,382 407.256 £ 1486.7171 e,316 539,237 10. Analysis of net a5s9ts by fund Unre5tricled Funds Designated Funds Restricted Funds En￿o￿￿ent Funds Currentyear Total 2024 T3ngible fixed assets Investment fixed assets Current assets Creditors.. Arllounls falling due within one ye3r Arnounls falling due after one year 350.000 350.000 56.089 218.275 56.089 101,674 110.585 6.016 110.6941 169.2501 127,4331 169,2501 86,552 380.641 4.399 56.089 527.681 Unreslricled Funds Designated Funds Reslricied Funds Endowrenl Funds Comparatlve Total 2023 Tangible fixed assets Investment fixed assets Current assets Creditors.. Amounts falling duÈ Mlhin one ye8r Amounts fallirKJ due after one year 350,000 350,000 60.576 248.398 60.576 35,039 126,239 80,000 5.120 131,4871 IB.5001 177,7501 139,9871 77,7501 94,752 343.750 5.120 95.615 539.237 19

Docusign EnvelopÈ ID." F58F855(k1 F8&488￿903C-3D22E06CA43g ALL SAINTS KINGSTON UPON THAMES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 11. Pension Fund All Saints Kingston Upon Thames participates in the Pension Builder Scheme section of CWPF for lay staff. CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets separately from those of the Employer and other partlClP81ing employers The Church Workers Pension Fund has two sections.. 1.the Defined Benefits S¢heme 2.the Pension Builder Scheme, which has two subsections,. a. a deferred annuity section known as Pension Builder Classic, and, b. a ¢ash balance sedion known as Pension Builder 2014 Pension Builder Scheme Both sections of the Pension Builder Scheme are classed as defined benefit s¢hemes. Pension Builder Classic provides 8 pension, accumulated from contributions psid 8nd converted into a deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from lime lo time. Discretionary increases may also be added, depending on investment returns and other factors. Pension Builder 2014 is a cash balance scheme that provides a lump sum that members use to provide benefits at retirement. Pension conliibutions are recoided in an account for each member. This account may h8ve bonuses added by the Board before reliremenl. The bonuses depend on investment experience and other factors. There is no requirement for the Board to grant any bonuses. The account, plus any bonuses declared, is payable, unreduced, from age 65. There is no sub-division of assets between employers in each section of the Pension Builder Scheme. The scheme is considered lo be a mulli-employer scheme as described in Section 28 of FRS 102. This is because il is not possible lo attribute the Pension Builder Scheme's assets and liabilities lo specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged lo the SOFA in the year are the contributions payable12024' £3,748, 2023.. £2,976). A valuation of the Pension Builder Scheme is carried out On￿ every three years. The most recent valuation was carried out as al 31 December 2022. For the Pension Builder Classic section, the 2022 valuation Tevealed a surplus of £34.8m on the ongoing assumptions used. Al the most recent annual review effective 1 January 2025, the Board chose lo grant a discretionary bonus of 6.70A to both pensions not yel in payrnenl and pensions in payment in respect of Servi￿ prior lo April 1997,. and a bonus on pensions in payment in respect of post April 2006 service so that the pension increase was 2.7°h (where usually (( would be ¢al¢ulaled based on inflation up lo 2.5¢/¢l. This followed improvements in the funding posf(ion over 2024. There is no requirement for deficit payments al the current lime. The next valuation is due as at 31 December 2025. For the Pension Builder 2014 section, the valuation revealed a surplus of £8.5m on the ongoing assumptions used. There is no requirement for deficit payments at the current lime. The legal structure of the scheme is such that if another employer fails, All Saints Kingston Upon Thames could become responsible for paying a share of the failed employer's pension liabilities. 20

Docusign EnvelopÈ ID." F58F855(k1 F8&488￿903C-3D22E06CA43g ALL SAINTS KINGSTON UPON THAMES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 12. Comparative Statement of Financial Activities Unrestricted Designated Funds Funds Restricted Funds Endowment Funds Total Funds 2023 2022 Income and endowments from.. Donations and legacies Charitable activit18S other trading actimties Investments 151,441 8,8S5 51,230 101,317 61,528 1,541 5,648 1,793 212,￿9 29.658 56.878 107,751 149.805 13.480 56.602 130.430 19.252 4,641 Total 312.853 70.510 19,252 4,641 407.256 350,317 Expenditure on= Raising funds Charitable activities other 4,199 297,481 523 4.199 477,638 4.880 2.201 339.994 3.545 64,950 4,357 26,327 88,880 Total 302.203 69.307 26,327 88,880 486.717 345,740 Net operating incomèllèxpenditurèl 10,650 1,203 17,0751 184,2391 179.4611 4,577 Net gainslllossesl on investment assets Transfers between funds 8,316 8.316 114,2851 11,9831 5.640 13.8571 Net movement in funds 8.667 110,7321 175.9231 171,1451 19,7081 Reconciliation of funds Total funds brought forward 86,085 336,907 15.852 171.538 610.382 620.090 Totsl fund8 carried forward 94.752 £ 343,750 5,120 £ 95,615 £539.237 £610,382 21