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2025-12-31-accounts

allsaints worcester

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER

Charity Registration No. 1128121

ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[st] DECEMBER 2025

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THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

Contents

nts
Paragraph Page
Trustees Annual Report 3-11
1 Administrative information 3-4
2 Structure, governance and management 5-6
3 Objectives and activities 6
4 Achievements and performance 7
5 Plans for the future 8
6 Financial review 8-11
6.1 Financial standing - Headlines 8-9
6.2 Reserves policy 9-10
6.3 Risk management 10
6.4 Safeguarding 10
6.5 Fundraising policy 10-11
6.6 Statement of Trustees' responsibilities 11
7 Independent Auditor’s report 12-14
8 Annual Statement of Accounts 15-17
8.1 Statement of Financial Activities (SOFA) 15
8.2 Balance Sheet 16
8.3 Statement of Cashflow 17
Note Notes to the Financial Statements and Accounts Page
Note 1 Accounting Policies 18-23
Note 2 Analysis of Income 24
Note 3 Analysis of Expenditure 25-26
Note 4 Analysis of Income – Worcester Foodbank 27
Note 5 Analysis of Expenditure – Worcester Foodbank 27-28
Note 6 Transfers 29
Note 7 Fixed Assets 30
Note 8 Investments 30
Note 9 Debtors 31
Note 10 Creditors 31
Note 11 Funds & Fund movements 32-35
Note 12 Stock 36
Note 13 Grants’ payable 36
Note 14 Employees & Staff costs 37
Note 15 Financial commitments – Lease Agreements 37
Note 16 Payments to Trustees 38
Note 17 Related Party Transactions 38
Note 18 Gifts in Kind & Donated Stock 39
Note 19 Taxation 39
Note 20 Government Grants 39
Note 21 Auditors’ renumeration 39
Note 22 Comparative SOFA 40

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THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

TRUSTEES’ REPORT

The Trustees present their report and accounts for the year ended 31[st] December 2025.

1. Administrative Information

1. Administrative Information
Registered Charity Number 1128121
Principal Address St Helen’s Church House
Fish Street
Worcester
WR1 2HN
Contact Details 01905 734625
office@allsaintsworcester.org.uk
Bankers Lloyds Bank
4, The Cross
Worcester
WR1 3PY
CCLA
One Angel Lane
London
EC4R 3AB
M&G Investments
The M&G Group
10, Fenchurch Avenue
London
EC3M 5AG
Auditors Richards Sandy Audit Services Limited
Thorneloe House
25 Barbourne Road
Worcester
WR1 1RU
Inspecting Architects Nick Joyce Architects Ltd
5 Barbourne Rd
Worcester
WR1 1RS
Solicitors1 SME Solicitors
8 Sansome Walk
Worcester
WR1 1LW

1 Solicitors appointed in relation to Worcester Foodbank property lease

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THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

The Parochial Church Council of the Ecclesiastical Parish of St. Nicholas & All Saints Worcester (also known as All Saints Worcester including the governance, operations and activities of Worcester Foodbank) is a registered charity (Number 1128121).

The charity is unincorporated and was registered on 18th February 2009 with the Charity Commission in England and Wales. The charity is a public benefit organisation.

The Parish of St. Nicholas & All Saints Worcester is part of the Worcester Deanery within the Diocese of Worcester, part of the Church of England. The Parochial Church Council (PCC) also has responsibility for a chapel-of-ease, St Helen's, Fish Street, Worcester.

The PCC Members who served as Trustees from 1[st] January 2025 until the date this report was approved are:

Ex Officio members

Licensed clergy Rev’d Dr Rich Johnson Vicar (PCC Chair)
Rev’d James Ellin Associate Vicar
Rev’d Jess Fellows Associate Vicar Students and 20’s
Rev’d Jamie Klair Curate
Rev’d Tim O’Leary Curate
Elected members
Mr Philip Bristow Church Warden (PCC co-Vice Chair) until 27/04/25
Mrs Jenny Prigg Church Warden (PCC co-Vice Chair) until 27/04/25
Mr Jeremy Hailwood Church Warden (PCC Vice Chair) from 27/04/25
Mr Stephen Chase Treasurer
Mr Grahame Lucas
Mr Richard Auger
Mrs Gill Lucas
Mrs Amy Williams (until 24/11/25)
Mrs Carol Rogerson
Ms Claudia Catterall (from 27/04/25)
Ms Bethan Angell (from 27/04/25)*
Mr Robert Armstrong (from 27/04/25)
Mr David Wightman (from 27/04/25)
Mr David Hughes (from 27/04/25)
Mr Andrew Jackman (until 27/04/25)
Mr Mike Croft (until 27/04/25)
Mr Clive Langmead (until 27/04/25)
Co-opted *Bethan Angell was appointed as a co-opted Trustee on 22/04/24, prior to becoming
an elected Trustee on 27/04/25
Key roles (including trustees with additional responsibilities) are as follows:
Deanery Synod Representatives
Mrs Gill Lucas
Ms Claudia Catterall
Secretary to the PCC & Electoral Roll Officer
Mrs Amy Williams (Continued in roles as a non-Trustee after 24/11/25)
Standing Committee Vicar, Associate Vicar, Church Wardens, Stephen Chase & Amy Williams
Other notable appointments (delegated responsibility reporting to Trustees)
Carol Rogerson (PCC H&S Officer – until 02/06/25)
Gill Lucas (PCC H&S Officer - from 02/06/25)
Claudia Catterall (Data Protection Officer – until 02/06/25)
David Hughes (Data Protection Officer – from 02/06/25)
Ann Statham (Gift Aid Officer – volunteer, not a PCC member)
Carol Rogerson (Parish Safeguarding Officer – from 02/06/25)
Sue Price (Parish Safeguarding Officer – volunteer, not a PCC member)
Mr. Mark Carrington (Church Operations Manager – staff, not a PCC member)
Mr Grahame Lucas (Foodbank Manager - volunteer)

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THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

2. Structure, governance and management

The PCC is a corporate body established by the Church of England. It operates under two Approved Governing Documents: The Parochial Church Council (Powers) Measure 1956, as amended, and the Church Representation Rules 2025.

PCC members are appointed in accordance with the Church Representation Rules and act as Trustees to the charity. The Trustees who served during the year are as described in the administrative information section of these financial statements.

The members of the PCC are elected for a three-year term of office. Approximately one third of PCC places are elected each year with elections being held at the Annual Parochial Church Meeting (APCM). Licensed Clergy are ex-officio members of the PCC.

All committed members of the congregation are encouraged to register on the Electoral Roll and consider standing for election to the PCC. The Electoral Roll had a total of 214 at the APCM on 27[th] April 2025, (compared with 185 at the preceding APCM in 2024).

The PCC is responsible for working with the Clergy in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC also has responsibility for the maintenance and running of two church buildings: All Saints and St. Helen’s, plus Church House a small office adjacent to St Helen’s.

The PCC is responsible for the charity finances, policy & governance including employment of staff, health and safety, disability discrimination and safeguarding and child protection, & GDPR (data protection). Staff pay is benchmarked in the context of comparative faith based charity roles and salaries are reviewed annually in June by the PCC, taking into consideration inflation and the general financial position of funds available to the charity.

New Trustees have induction and training based on current Church of England PCC guidance materials and Charity Commission guidance for new Trustees. The PCC has nominated people for the Diocesan safeguarding training. Extended and further training for PCC members is available via the Diocese and online resources.

The PCC receives advice and information from its representatives on other external bodies: Worcester Deanery Synod, Worcester Diocesan Synod. The PCC also has access to advice and information from the Diocese of Worcester staff teams.

The PCC has responsibility for a number of small trusts that have been associated with the All Saints area of the city including the historic churches of St. Andrews and St. Nicholas’.

The full PCC met eight times in the year with an average attendance of 85% (2024 – 82%). To ensure effective governance throughout the year, extra meetings to address specific matters are held if required, the PCC delegates some business to other groups:

The Standing Committee (SC) : comprising Church Wardens, Treasurer, stipendiary clergy (Vicar & Associate Vicar), and two PCC members (nominated by the PCC). It is responsible for day-to-day business decisions on behalf of the PCC, or any decisions that are required urgently but have been agreed in principle by the PCC, who have duly authorized the Standing Committee to make a final decision. The Standing Committee normally meets between full PCC meetings. Members are subject to re-election/nomination each year, with the exception of the clergy members.

The Vicar and Associate Vicars are the key management personnel for the charity and direct the teams that deliver day to day activities.

The Church team is led by the Vicar (Lead) and Associate Vicars. The church team are delegated to make operational decisions which do not have significant implications on governance or policy. The team of clergy, staff & volunteers deliver day to day activities of the charity on behalf of the Trustees.

The Worcester Foodbank team is led by a core group consisting of the Foodbank Manager (Lead) and Duty Managers and Foodbank Operations Coordinator. The Foodbank team are delegated to make operational decisions which do not have significant implications on governance or policy. The team of staff, volunteers and partners, deliver day to day Foodbank activities of the charity on behalf of the Trustees.

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THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

During 2025, the PCC continued with four oversight groups to focus on specific aspects of governance oversight of activities and cover work to prepare, plan and present proposals for consideration & approval by the full PCC. The oversight groups have no delegated authority. In principle, all PCC members contribute on an oversight group (apart from the Vicar and Church Wardens, who move between groups and help to align priorities). The groups are to enable the PCC to spend time on policy, direction & decisions, rather than on day-to-day issues. The respective areas of work covered are Mission, Finance, Governance, & Buildings.

All Saints Society of Bell Ringers : comprising representatives from the bell ringing team, is responsible for running the All Saints church bell tower. Bell Ringers funds are held as restricted funds in named bank accounts, see Notes 1c & 1d.

3. Objectives and activities

Purpose : The objectives of the PCC are as set out in the Church of England Measures detailed above.

The PCC has the responsibility of co-operating with the Vicar, Reverend Dr Rich Johnson in promoting the whole mission of the Church, pastoral, evangelistic, social and ecumenical. and is responsible for supporting the Parish Clergy and staff, in the organisation of church services and other events, as well as the provision of pastoral care for the congregation and the parish in general. The PCC is also responsible for the maintenance of All Saints Worcester and St Helen’s Worcester.

Our vision “Following Jesus, Building Community, Loving Worcester”, directs how we spend our money, make decisions and use our time. This is expressed through five strategic priorities: Prayer & Worship, Rising Generations, Compassion, Evangelism and Multiplication.

Building fabric – maintenance and life-cycle repair works continue on our two buildings All Saints and St Helen’s to address items raised as priorities on quinquennial reports. The buildings group have reviewed electrical systems & lighting requirements at All Saints, the work to agree the scope, timescales and funding sources continued through 2025, along with consideration of other mid-term priorities for our buildings.

Expanding Church community in 2025

The PCC is committed to enabling vibrant growth and increasing public benefit through worship within the church buildings and through actions and activities in the community and beyond. The PCC is excited about the relational network developed through our continuing mission initiatives as a resourcing church with St Peter’s Bengeworth, Evesham and St Stephens, Redditch, along with other relational partnerships in Inkberrow and elsewhere in the Diocese.

In recognition of its wider responsibilities in promoting the whole mission of the Church, the PCC makes grants to national and international mission and charitable organisations. The grant making policy established by the PCC certifies and makes grants to those organisations demonstrating similar objectives and outreach to All Saints Worcester. Grants allocated during the year are shown within the accounts and are listed in Note 13 .

The Trustees also give thanks for the generosity of the people of Worcester, in supporting Worcester Foodbank so that we can continue to help those who turn to us in crisis, suffering food poverty, and unable to properly feed their families and children. This work is a major part of our commitment to the community of Worcester, and we continue to serve these growing needs and expand our activities with significant contribution and involvement from many others in the city.

The PCC would like to recognise and thank all the volunteers who work tirelessly to make All Saints, St Helen’s & Worcester Foodbank a welcoming, worshiping and outward looking community. Most of the charity’s activities rely heavily on the contribution of volunteers, many of these volunteers go unseen and unrecognised, the Trustees are pleased to record heartfelt thanks for their commitment, energies and time.

The Trustees in co-operation with the Vicar, have paid due regard to guidance on public benefit issued by the Charity Commission in deciding what activities the PCC and charity should undertake.

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THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

4. Achievements and performance

The last ministry year has been a significant and challenging one for All Saints Worcester. There has been much to celebrate. There has been steady growth in congregation numbers (notably among teenagers, students and 20s), continuing fresh innovation (particularly in the creative arts, children’s holiday club, overseas visits to mission partners and youth mission through the “Lightbox” community youth work and ongoing commitment to caring for the needs of the most vulnerable in our city, primarily through Worcester Foodbank.

We continue to face the economic challenges that prevail in the communities that we serve. There remains a need to increase our regular giving and to develop alternative income streams to help fund our ambition to scale our activities.

Reaching the wider Community around our Church Community in 2025

All Saints Worcester & Worcester Foodbanks’ presence in the centre of Worcester has made a real and tangible difference to the lives of those in our local area. We have seen growth and change throughout 2025, some of the charities activities and their impact are summarised as follows:

In 2025 we saw 22 people join in a personal journey of exploring Christian faith through Alpha & other connections such as Lightbox and partnering with Nightreach. These were people who did not normally attend church and heard the good news either through personal exploration of faith or by connection through our outreach activities. We also celebrated 12 baptisms in 2025. We hope to continue this growth into 2026.

Worcester Foodbank continues to be a major part of our ongoing commitment to caring for the needs of some of the most vulnerable in our city. In 2025, this expression of love & care for the people of Worcester and beyond continued to grow in impact and scope. As Trustees the PCC oversees funds which are “restricted” for Foodbank, and we thank God for His favour and provision – it is truly amazing to see the practical compassion from across the wider church & community, local businesses and many individuals who generously give their time, money and resources.

Demand remains level at an all-time high, however, the complexity of circumstances and the amount of care needed to help clients has increased. Foodbank has fed about 15,200 people in the last twelve months, of which 5,172 were children, about 200,000 meals. The Foodbank team includes over 90 volunteers.

A full ministry review is published in a separate document for the APCM each year.

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THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

5. Plans for the future

The All Saints objectives, plans and activities, summarized above, continue into 2026 and provide the foundation on which the charity will build upon for the future. In the Autumn of 2025, with the lead of the Vicar, a PCC working group commenced review and development of a strategic plan for All Saints, looking forward over a 5 to 10 year period, this work will continue into 2026, with initial framing and communication anticipated in the summer term 2026, and with realignment of activities and implementation expected to transition through to the Autumn term 2026 and beyond.

Plans for 2026, include the commitment to continue our current activities and grow their scale and impact. The Church leadership and Trustees are considering the following areas of development and additional activities.

6. Financial review

The accounts have been prepared in accordance with the accounting policies set out in Note 1 to the accounts and comply with the Church of England Measures (the Parochial Church Councils (Powers) Measure 1956 as amended and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969, as amended)) , the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2019).

6.1 Financial standing – headlines

The Church finances have decreased overall in 2025; this is despite a growth in general giving to the church and due to one-off gifts to Foodbank from third parties, decreasing in 2025. Foodbank operations had an in-year budget deficit, which was funded from Foodbank reserves, this resulted in a decrease in the charity’s overall restricted funds in the year. Overall, the charity reserves remain stable at projected levels.

The Trustees are committed to continue to engage with the congregation and other supporters through improved communications on the range of church ministry and activities to ensure that we maintain momentum in growth of resources for the work of the charity.

The total income for the year ended 31 December 2025 was £1,029,479 (2024: £1,256,340). The details of the income from donations are shown in the Financial Statements, Notes 2 & 4 .

The total expenditure for the year was £1,074,493 (2024: £1,169,097), details of expenditure are set out in Notes 3 & 5 . Expenditure included total direct staff costs of £219,499 (2024: £203,211) Note 14 .

The net result for the year shows a fund deficit of £45,014 (2024: surplus of £87,243).

At 31 December 2025, fund balance totals were as follows:

Unrestricted General funds £86,660 (2024 - £44,719) Unrestricted Designated funds £27,898 (2024 - £28,853) Restricted funds £767,572 (2024 - £853,603) Represented by: Church restricted £65,998 (2024 - £45,936) Foodbank restricted £701,574 (2024 - £807,667) Total resources £882,130 (2024 - £927,175)

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THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

During 2025 unrestricted general income exceeded expenditure by £20,261 (2024: £50,959). After transfers between funds, this provided a positive movement in general funds of £41,942 (2024: positive movement £35,862). It is of note that the growing generosity of the All Saints congregation along with short term secondment income resulted in a year end General fund balance of £86,660 (2024: £44,719). The PCC continues to plan with a five year financial forecast to ensure we can manage finances and commitments.

During 2025 total funds decreased by £45,045 to £882,130 (in 2024 funds increased by £87,238 to £927,175). This is due to the continuing support for Foodbank, which in 2025 saw an overall deficit due to the purchasing of food to meet the current level of need in the city. The deficit was met from existing Foodbank reserves which continue to keep Foodbank in a strong position to serve during the economic crisis that we are currently experiencing.

Foodbank’s forward plan for the next 5 years shows that we have financial resilience in the face of uncertainty over demand for food parcels and the planned expansion of our premises. With a sensible forecast of income from donations and generosity of the people of Worcester, churches, and organisations, we can have confidence in financial sustainability based on our current strong reserves position. However, this will be kept under review as we monitor demand for services.

6.2 Reserves policy

It is the policy of the charity to aim to maintain unrestricted funds, which are the free reserves of the charity, as a contingency to cover for urgent and emergency situations that may arise from time to time at a minimum level of £20,000. The PCC is currently operating within this policy.

The Unrestricted (general) fund balance at 31[st] December 2025 ("reserves") of £86,660 (2024: £44,719) is primarily a result of sustained growth in general donations, short term secondment income, plus underspend against budget in the year.

The charity aims to hold reserves of Unrestricted and Designated funds at a level in the range of 10% to 25% (circa 1 to 3 months) of projected annual operating costs for All Saints Church (within the range of £30,000 to £75,000). The PCC is currently operating within this policy.

The Unrestricted and Designated balance at 31[st] December 2025 is £114,558 (2024: £73,572)

It is also the policy of the PCC to maintain a balance on the Foodbank Funds (restricted) equivalent of at least 9 months of operating costs. This equates to a range of £310K and £345K. Foodbank is currently operating within this policy.

The Foodbank funds balance at 31[st] December 2025 is £701,574 (2024: £807,667)

This Policy provides funds to enable the charity:

The Reserves policy is reviewed annually by the PCC to ensure its relevance and adequacy considering the charity’s circumstances and activities and taking into account the three risk areas of Operating Reserves, Project Reserves and reserves for unknown future events.

A number of restricted and designated funds are held for specific purposes. These are described in Note 1c, and a financial schedule of the funds and fund movements is set out in Note 11 .

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THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

Asset cover for funds

Note 11 sets out an analysis of the assets attributable to the various funds. These assets are sufficient to meet the charity's obligations on a fund by fund basis.

Savings Deposits & Investments

It is our policy to invest funds in Lloyds Bank and CBF Church of England Deposit Funds, after taking account of the need for cash in the bank current account to meet day to day expenses and cash flow. Some small investments of general funds, arising from other historic charities and trusts are held in other investment funds. These will be reviewed on a regular basis. During 2025, one investment account held as general funds was closed because the Investment account was discontinued. Due to the low value of the account, the investments were sold, rather than re-invested. The sale proceeds on closure were transferred into the main Bank account as general funds. (reference Note 8 ).

6.3 Risk Management

The PCC is aware of its responsibility for risk management and has put in place arrangements to manage and reduce those risks which it regards as most significant. Risks are regularly considered by the Vicar, Church Wardens and Treasurer and reported to the PCC twice a year. The Trustees have assessed the major risks to which the PCC is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. The top 4 items which give the most concern, those with the highest Risk level in 2025 are as follows:

6.4 Safeguarding

The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 to have due regard to the House of Bishops’ guidance on safeguarding of children and vulnerable adults. The Appointed Safeguarding Officer reports to the PCC.

Screening procedures regarding the protection of children and vulnerable adults are employed. Disclosure and Barring Service (DBS) checks have been obtained as necessary for both paid and volunteer workers. DBS certificates expire after 3 years; the renewal process aligns with the frequency of refresh safeguarding training.

The PCC previously adopted a further revision of the Diocesan Safer Recruiting Policy 2016 (derived from that of the Church of England) and the scope of these checks extends to cover all volunteers working with children and many of those working with vulnerable adults. It is a requirement that those working with children and vulnerable adults, in a paid or voluntary capacity, undertake a Diocesan Basic Safeguarding Awareness Training course every three years and during 2025 three levels of training (C0 - basic; C1 - foundation; C2 - leadership) were carried out online by volunteers and office holders as appropriate.

In 2025 the PCC continued to use the Diocesan Safeguarding Dashboard to monitor progress and as a means of self-assessment to ensure that it fulfils that duty. An action plan was drawn up and is being implemented.

The PCC recognises its responsibility in relation to health and safety and disability legislation.

The role of Parish Safeguarding Officer with the Operations Manager oversees the recruitment, management and training of all staff, paid and voluntary. This ensures that role descriptions are given for all volunteers, application forms and references are sought where required and that all volunteers will receive letters of appointment before starting work.

Safeguarding status is reported to Trustees at each PCC meeting. The Annual PCC Review of Safeguarding occurs at the October PCC meeting, with a mid-year review at the July meeting.

6.5 Fundraising policy

The PCC is required by the Church of England to comply with the Fundraising Code of Practice issued by the Fundraising Regulator. All Saints Worcester is committed to raising funds in an ethical, transparent, and responsible manner to support our charitable mission.

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THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

The charity raises voluntary income in a number of different ways, including:

The charity also organises a number of fund raising events during the year.

The charity does not engage in door-to-door, street, or telephone fundraising, nor does the charity engage any professional fundraising organisation to assist in fundraising activities.

The charity complies with current regulations and best practice as set out by regulatory and professional membership bodies such as the Charity Commission and the Fundraising Regulator.

Fundraising activities are monitored by trustees.

The charity has adopted the principles of Data Protection law.

The charity has policies in place to protect vulnerable people and other members of the public from unreasonable intrusion on privacy, unreasonable persistent approaches and placing undue pressure on a person.

We have received no complaints in relation to fundraising activities in the year.

6.6 Statement of Trustees’ Responsibilities for the Year ended 31[st] December 2025

The Trustees are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (UK Generally Accepted Accounting Practice - UK GAAP).

Law applicable to charities in England and Wales requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these accounts & financial statements, the trustees are required to:

The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position the charity and to ensure that the accounts and financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Parochial Church Council (Powers) Measure 1956, as amended, and the Church Representation Rules 2025. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees' report is approved by the Board of Trustees.

Reverend Dr Rich Johnson Trustee & PCC Chair Dated: 8[th] April 2026

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THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

7. Report of the Independent Auditors to the Trustees of The PCC Of The Parish Of St Nicholas & All Saint’s Worcester

Opinion

We have audited the financial statements of The PCC Of The Parish Of St Nicholas & All Saint’s Worcester (the 'charity') for the year ended 31st December 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 (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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity 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 charity'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 Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

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 this gives rise to a material misstatement in the financial statements themselves. 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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THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which 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 charity'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 charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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 a Report of the Independent Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below, we have:

As a result of these procedures, we consider the most significant laws and regulations that have a direct impact on the financial statements are the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008, the Parochial Church Councils (Powers) Measure 1956 and Charities SORP (FRS 102).

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charity’s ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charity for fraud. The laws and regulations we considered were employment legislation, including the calculation of payroll taxes and pension benefit entitlements, and application of exemptions and registration thresholds relating to various UK taxes.

Page 13

THE PCC OFTHE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER- YEAR ENDED 31° DECEMBER 2025 We identified the areas of the financial statements m05t susceptible to fraud to be management's judgement in allO￿ting expenditure to individual restrirted and unrestricted funds, including the allocation of wage costs. Audit procedures performed included, but were not limited to, reviewin8 manaBement's reasoning and workings behind these allocations of expenditure and reviewing transactions posted in the year for any non- standard journal postings that may require further explanation from management. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, Including those leadin8 to a materlal mSsstatement 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 ststemènts, as we wlll be less Ilkely to become aware of inslances of non-compliance. The rlsk is also greater regarding irregularities occurrinB due to fraud rather than error. as fraud involves intentional concealment, forgery. collusion, omission or misrepresentation. A further dexription of our responsibillties for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/audltorsresponslbilltles. Thi5 descriptlon forms part of our Report of the Independent Auditors. Use of our report This report is made solely to the charfty's trustees, as a body. in accordance with Part 4 of the Charltie5 IAccounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to State to them in an auditors, 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 charity and the charity's trustees as a body. for our audit work, for this report, or for the opinions we have formed. Rl¢hards Sandy Audit Services Limited (Statutory Audltofl Thorneloe House 25 Barbourne Road Worcester WRI IRU So.OW 1026. Page 14

THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

8. The Annual Statement of Accounts for Year ended 31[st] December 2025: is set out on the following pages and has been subject to Independent Audit (see the Auditors’ Report – section 7).

8.1 Statement of Financial Activities 1[st] January 2025 to 31[st] December 2025

Notes Unrestricted
General
funds
Designated
funds
Restricted
funds
Total Funds
2025
Total Funds
2024
£
£
£
£
£
Income from
2 & 4
Voluntary income
Activities for generating funds
Investment income
Income from charitable activities
Total income
Expenditure on
3 & 5
Cost of generating voluntary
income
Charitable activities
Governance costs
Total expenditure
Net income / (expenditure)
resources before transfer
Transfers
Gross transfers between funds
6
Net income / (expenditure)
resources
Other recognised gains / losses
Gains/losses on investment assets
Net movement in funds
Reconciliation of funds
Fund balances at 1st January 2025
11
Fund balances at 31st December
2025		 331,903
15,140
629,733
976,776
1,196,162
1,135
7,369
1,733
10,237
16,282
756
-
6,609
7,365
8,973
978
33,200
923
35,101
34,923
334,772
55,709
638,998
1,029,479
1,256,340
(1,883)
(16,742)
(2,701)
(21,326)
(20,225)
(304,255)
(12,141)
(714,551)
(1,030,947)
(1,136,072)
(8,373)
-
(13,847)
(22,220)
(12,800)
(314,511)
(28,883)
(731,099)
(1,074,493)
(1,169,097)
20,261
26,826
(92,101)
(45,014)
87,243
21,711
(27,781)
6,070
-
-
41,972
(955)
(86,031)
(45,014)
87,243
(31)
-
-
(31)
(5)
41,941
(955)
(86,031)
(45,045)
87,238
44,719
28,853
853,603
927,175
839,937
86,660
27,898
767,572
882,130
927,175

Note 22: sets out the full comparative Statement of Financial Activities for 2024 as required by the Financial Reporting Standard 102.

Approved by the Trustees on 8[th] April 2026 and signed on behalf of the PCC by:

Rev. Dr. Rich Johnson (Trustee & PCC Chairman)

Mr. Stephen Chase (Trustee & Treasurer to the PCC)

Page 15

THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

8.2 Balance sheet – between funds as at 31st December 2025

Notes General Designated
Restricted
£
£
£		 At
31/12/2025
At
31/12/2024
£
£
-
-
26,223
667
-
-		 26,223
29,245
667
1,262
667
-
26,223
-
-
41,167
18,029
1,015
79,825
91,265
27,542
636,893		 26,890
30,507
41,167
49,061
98,869
49,517
755,700
829,055
109,294
28,557
757,885
(23,301)
(659)
(16,536)		 895,736
927,633
(40,496)
(30,965)
(23,301)
(659)
(16,536)		 (40,496)
(30,965)
85,993
27,898
741,349		 855,240
896,668
86,660
27,898
767,572		 882,130
927,175
86,660
-
-
-
27,898
-		 86,660
44,719
27,898
28,853
-
-
767,572		 767,572
853,603

Approved by the Trustees on 8[th] April 2026 and signed on behalf of the PCC by:

Rev. Dr. Rich Johnson (Trustee & PCC Chairman)

Mr. Stephen Chase (Trustee & Treasurer to the PCC)

Page 16

THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

8.3 Statement of Cash flows for year ended 31[st] December 2025

Notes 2025
2024
£
£
Cash flows from operating activities:
Net cash provided by (used in) operating activities
Table A
Cash flows from investing activities:
Dividends and interest from investments
Tangible fixed asset additions
Proceeds from sale of investments
Net cash provided by (used in) investing activities
Net Cash flow - Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the beginning of the
reporting period
Cash and cash equivalents at the end of the reporting
period
Table B		 (78,284)
122,817
7,365
8,973
(3,000)
-
564
-
(73,356)
131,790
(73,356)
131,790
829,055
697,265
755,700
829,055

Table A: Reconciliation of net income/(expenditure) to net cash flow from operating activities

2025
2024
£
£
At start
of year
£
827,392
1,663		 (45,045)
87,238
6,022
5,423
31
5
(7,365)
(8,973)
7,894
(4,096)
(49,352)
45,986
9,531
(2,766)
(78,284)
122,817
Cash-flows
At end
of year
£
£
(73,344)
754,048
(11)
1,652

Page 17

THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

Notes to the Financial Statements and Accounts for Year ended 31[st] December 2025

Note 1 - Accounting Policies - for the year ended 31[st] December 2025

The Parochial Church Council of the Ecclesiastical Parish of St. Nicholas & All Saints Worcester (also known as All Saints Worcester including the governance, operations and activities of Worcester Foodbank) is a registered charity.

Registered Charity Number 1128121

Principal Address St Helen’s Church House, Fish Street, Worcester, WR1 2HN

Note 1a - Accounting Convention (Basis of Accounting)

The financial statements have been prepared in accordance with the requirements of the Charities Act 2011 and any regulations made there under and the Charities SORP; Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard (FRS102 - effective 1 January 2019). The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value.

The Trustees have concluded that the financial statements give a true and fair view and comply with accounting standards and applicable legislation.

The charity is a public benefit organisation.

The accounts are presented in GBP and are rounded to the nearest £1.

Note 1b - Going concern

The accounts have been prepared on the going concern basis. There are no material uncertainties about the charity's ability to continue.

Note 1c - Charitable Funds

Fund Accounting

Unrestricted funds (General funds) : are the funds available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Designated Funds : comprise funds which have been set aside at the discretion of the Trustees for specific purposes. The purposes and uses of the designated funds are as described in the notes to the financial statements. Designated funds remain legally Unrestricted.

Restricted funds : are funds to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund, together with a fair allocation of management and support costs.

The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members.

The income from permanent endowments is used in accordance with the intentions of the donors, as far as they can be ascertained. To date, the Charity has no permanent endowments.

The purposes of funds and their continued status is reviewed and confirmed by Trustees during the annual budget process each year.

Funds held by the PCC: a schedule of fund movement in 2025 and prior year comparison, is set out in Note 11, along with a table explaining each fund and why it is held.

Page 18

THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

Note 1d - Funds held as a custodian for others

The PCC has custody of one investment account which bears a name other than All Saints PCC, the historic Parish account is unrestricted and yields to the benefit of All Saints PCC.

Two accounts named All Saints Bell Ringer’s hold restricted funds for the All Saints Tower Bell Ringers Society.

Note 1e - Income

Income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, income is received, or it is probable that the income will be received, and the amount can be measured reliably. Incoming resources are recognised as follows:

Donations and Legacies

Cash & Collections: accounted for when received by or on behalf of the PCC

Gift cards: accounted for as cash when received

Planned giving under Gift Aid or pledge is accounted for only when received

On-line giving is accounted for net of fees charged by the on-line provider

Income tax: recoverable on Gift Aid donations is accounted for when the donation is received

Grants and Legacies: to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due is known.

Donated goods held by the charity for distribution to its beneficiaries are recognised as stock, with the corresponding income recognised within donations and measured at its fair value. Food and other goods donated to the charity for distribution to those in need are valued on an average cost price per kilogram which is the most efficient method. Trussell Trust advise that this is most appropriately calculated as £2.77 per kilogram for 2025. (No change from £2.77 per kilogram in 2024).

If it is impractical to assess the value of donated stock held for distribution at the time of receipt, or if the costs involved in undertaking the valuation of donated stock outweigh the benefit to users of the accounts and to the charity of having this financial information, the value to the charity of the gift is recognised as a component of donations when it is distributed, with an equivalent amount recognised as charitable expenditure.

Charitable Activities

Fundraising: special events (e.g. concerts) accounted for when the relating fundraising event has occurred.

Sales of books and magazines: accounted for when the goods have passed to the customer.

Other ordinary income

Rental income: from the short term letting of church premises is accounted for when the rental services have been provided to the customer.

Other income is accounted for when received

Income from investments

Dividend income is recognised when the dividends have been declared.

Bank interest is recognised in accordance with the effective interest model.

Page 19

THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

Note 1f – Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred. It includes any VAT which cannot be fully recovered and is allocated to the activity for which it relates.

All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned between activities in line with their respective proportion of income received.

Charitable Activities

Parish share: accounted for when payable. Any agreed payment remaining unpaid at 31[st] December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet.

Grants and donations to missions etc.: accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.

Gift cards are expended and accounted for as cash equivalents

Stock of donated goods: In the reporting period in which stocks are distributed, they are recognised as an expense and appropriately analysed as expenditure in the SoFA. The expense recognised is the carrying amount of the stocks at the point of distribution.

Food and other goods distributed to those in need are also valued on an average cost price per kilogram which is the most efficient method. Trussell Trust advise that this is most appropriately calculated as £2.77 per kilogram for 2025. (No change from £2.77 per kilogram in 2024).

Purchases using the church Barclaycard Credit Card

All balances on the Barclaycard account are paid by Direct Debit in full on the due date to avoid incurring interest charges and to avoid creating a loan outstanding.

Purchases are accounted for when the respective statement is paid.

Payment of regular liabilities and accounting for a full year of costs

All periodic payments are accounted for when paid and any liabilities at the year-end which are yet to be invoiced are accrued, thus ensuring a full year of costs is accounted for each year.

Support costs

Support service costs are allocated to expenditure on charitable activities on the basis of staff costs or on the estimated time spent by the support service if this is more appropriate.

Governance costs, included within support service costs, are those incurred in connection with the administration of the charity, compliance with constitutional and statutory requirements and the costs of executive management and strategic governance of the charity.

Page 20

THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

Note 1g - Fixed assets

Consecrated land and buildings and movable church furnishings

Consecrated and beneficed property is excluded from the accounts by s.96(2)(a) of the Charities Act 1993.

No value is placed on movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers these to be inalienable (i.e., cannot be transferred to another person). They are listed in the Church’s inventory, which can be inspected (at any reasonable time). For inalienable property acquired before 2006 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Items acquired since 2006 have been capitalized and depreciated in the financial statements over their anticipated useful economic life on a straightline basis.

All expenditure incurred during the year on consecrated or benefice buildings, individual items under £2,500, on repair, or movable church furnishings, is shown as expenditure for the year in the financial statements.

Tangible Fixed Assets

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible asset into its intended working condition should be included in the measurement of cost.

A review for impairment of fixed assets is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities.

Other fixtures, fittings and office equipment

Individual items of equipment with a purchase price of £2,500 or less are shown as expenditure in the year when the asset is acquired.

Church equipment comprises office equipment, musical instruments, sound, and projection equipment. Foodbank equipment comprises office equipment, commercial scales, storage crates, heavy duty shelving, chairs, and tables. All of these are estimated to have an individual value of less than £2,500 each.

Depreciation

Depreciation is provided at rates calculated to write off the cost of fixed assets with value greater than £2,500, less their estimated residual value, over their expected useful lives on the following bases:

Motor vehicles - 10 years straight line
Fixtures & fittings general - 10 years straight line
Sound desk cabinets - 40% in year one plus 9 years straight line (assumed life span 10 years)
Chairs & trollies - 25% in year one plus 9 years straight line (assumed life span 10 years)
Office equipment - 5 years straight line
Computer equipment - 5 years straight line

Fixed Assets and depreciation are set out in Note 7 .

Investments

Investments are valued at year end market value. Gains and losses on revaluation of investments is recognised in the statement of financial activities. Investments are set out in Note 8 .

Current assets

Amounts owing to the PCC at 31[st] December in respect of fees, rents or other income are shown as debtors, less provision for amounts that may prove uncollectable.

Short-term deposits include cash held on deposit either with the CBF Church of England Funds or at the bank.

Page 21

THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

Note 1h - Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, and other short-term liquid investments with original maturities of three months or less.

Note 1i - Gifts in kind & Stock

Gifts in kind are non-monetary items that have been donated to the charity for charitable purposes. Typically, this includes:

Volunteers: the time given by volunteers is not accounted for in the accounts, but they are reported in the notes to the accounts; see Note 18 . Volunteers are the backbone of the Mission and Ministry of All Saints Church, and the Annual Review sets this out and expresses our thanks for the amazing work that is done. Foodbank is staffed by volunteers and local companies and organisations donate staff time to Foodbank. The PCC’s gratitude for these gifts is reflected in the Annual Report.

Donations to Foodbank: accounting for donated goods for distribution to beneficiaries

The weight of food and toiletry goods donated to Foodbank and goods distributed as client packages is recorded and measured at its fair value in accordance with the policy for donated goods stock for income ( Note 1e ) and expenditure ( Note 1f ). Fair value per kilogram (kg) weight is determined from Trussell Trust supermarket supplier valuations for the standard items included in client distribution packages, as noted below for Stock. (refer also to Notes 12 & 18 ).

Stock

Food and other goods that have been donated to the charity for distribution but held in storage as at the yearend date are valued on an average cost price per kilogram which is the most efficient method. Trussell Trust advise that this is most appropriately calculated as £2.77 per kilogram for 2025. (No change from £2.77 per kilogram in 2024). (refer to Note 1n - Critical accounting estimates and judgements).

Note 1j - Financial instruments.

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the PCC's balance sheet when the PCC becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Derecognition of financial liabilities

Financial liabilities are derecognised when the PCC’s contractual obligations expire or are discharged or cancelled.

Page 22

THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

Note 1k - Financial Commitments

Rents payable under operating leases are charged to the Statement of Financial Activities on a straight line basis over the lease term. Details of Financial commitments are set out in Note 15 .

Property leases

Foodbank lease for Unit 7. The lease contains a Tenant and Landlord break clause with nine months-notice, the Landlord only to exercise upon obtaining planning permission for development of the site. Rent remains the same. The lease has 6 months remaining and the rent is shown as expenditure for Foodbank warehouse in the accounts, the lease is considered a short-term lease liability. In 2025, the Landlord changed and a replacement lease has been under negotiation for Unit 7 (existing unit) and 7a (adjoining unit). The new lease has been agreed and is noted as a significant post-year event in Note 15 . The new lease commences in 2026 and will be recognised in the accounts appropriately as a new lease commitment, once in place.

Other leases

The charity has two non-material leases for the office Photocopier & Cathedral Hygiene equipment; these are of low asset value and rents are shown as office and church running costs in the accounts

Note 1l - Employee benefits

The cost of any unused holiday entitlement (if any) is recognised in the period in which the employee’s services are received.

Termination benefits (if any) are recognised immediately as an expense when the PCC is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Note 1m - Retirement benefits

All Saints Worcester participates in the Peoples Pension scheme for staff, a defined contribution pension scheme. Peoples Pension scheme costs are charged to the expenditure in the period that they are incurred

The Peoples Pension

Note 1n - Critical accounting estimates and judgements

In the application of the PCC’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Foodbank – stock gift in kind valuation

Food and other goods that have been donated to the charity for distribution but held in storage as at the yearend date are valued on an average cost price per kilogram which is the most efficient method. Trussell Trust advise that this is most appropriately calculated as £2.77 per kilogram for 2024 (No change from £2.77 per kilogram in 2024). The price £2.77 per kg is based on Trussell Trust research from across the UK.

Page 23

THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

Note 2 - Analysis of income 2025

Income
Notes		 General
Designated
Restricted
Total 2025
Total 2024
£
£
£
£
£
229,295
-
128,768
358,063
329,669
21,470
-
9,114
30,584
39,193
1,889
60
132
2,081
1,028
10,779
2,864
1,491
15,134
9,055
-
-
1,804
1,804
5,766
(1,915)
181
17,231
15,497
31,264
400
-
16,743
17,143
180,441
10,488
-
11,634
22,122
31,216
-
-
7,167
7,167
6,365
-
-
160,740
160,740
216,237
53,625
-
24,728
78,353
71,992
1,182
-
-
1,182
-
4,690
12,035
250,181
266,906
273,936
331,903
15,140
629,733
976,776
1,196,162
-
-
205
205
318
1,135
7,369
1,528
10,032
15,964
1,135
7,369
1,733
10,237
16,282
48
-
-
48
45
708
-
6,609
7,317
8,928
756
-
6,609
7,365
8,973
162
-
923
1,085
-
816
-
-
816
1,723
-
33,200
-
33,200
33,200
978
33,200
923
35,101
34,923

Page 24

THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

Note 3 - Analysis of expenditure 2025

Note 3 - Analysis of expenditure 2025
Expenditure
Notes		 General
Designated
Restricted
Total 2025
Total 2024
£
£
£
£
£
Cost of generating funds
Costs of applying for grants
Costs of Activities Events
Fundraising Donation Platform Fees
Cost of generating funds Totals
Charitable activities
Giving to missionary partners
13
Giving to Charity Assigned
13
CAB Foodbank Adviser
13
Giving to Home mission
Pastoral Gifts to individuals
Mission Giving to others sub total
Ministry Share
Ministry - fees paid to Diocese
Cost of Clergy sub total
Staff salaries
Staff Costs: Cleaning
Staff Salaries - Children & Youth
Staff Team - employment sub total
14
Transport costs
Property Rent
Property Insurance
Property advisors (e.g. Fire & H&S)
Ops & buildings Foodbank sub total
Clergy: Working expenses
Clergy: Vicarage hospitality
Parsonage house expenses
Clergy: Phone, Internet & Office
Ministry: Training and Development
Clergy Ministry costs sub total
ALPHA Courses
Ministry: Children's Church
Ministry: Community Youth Lightbox
Ministry: Pastoral Care
Ministry: Mainly Music
Ministry: Students
Ministry: Youth
Ministry: Bell ringing
Ministry: Worship
Ministry: Worcester Food Bank
Ministry: Leadership & Church Groups
Ministry: Mission & Outreach
Church Mission activities sub total		 -
-
-
-
54
630
16,622
73
17,325
15,988
1,253
120
2,628
4,001
4,183
1,883
16,742
2,701
21,326
20,225
21,000
-
-
21,000
24,508
-
-
35
35
-
-
-
79,633
79,633
63,365
360
-
360
720
760
757
-
-
757
3,347
22,117
-
80,028
102,145
91,980
78,319
-
-
78,319
77,466
447
-
-
447
1,679
78,766
-
-
78,766
79,145
77,181
11,611
79,337
168,129
168,472
6,912
-
-
6,912
6,315
30,739
-
13,718
44,457
28,424
114,832
11,611
93,055
219,498
203,211
-
-
966
966
1,126
-
-
31,273
31,273
30,800
-
-
474
474
1,876
-
-
-
-
1,980
-
-
32,713
32,713
35,782
6,007
-
-
6,007
6,928
287
-
-
287
-
50
-
-
50
-
2,088
-
-
2,088
1,160
4,545
66
757
5,368
9,071
12,977
66
757
13,800
17,159
87
-
-
87
200
1,652
271
-
1,923
1,218
-
-
2,135
2,135
574
705
-
-
705
61
-
-
1,485
1,485
1,707
1,205
-
914
2,119
1,052
513
-
4,901
5,414
1,344
-
-
319
319
383
1,179
-
-
1,179
752
-
-
852
852
14
1,838
-
2,015
3,853
744
162
-
-
162
2,197
7,341
271
12,621
20,233
10,246

Page 25

THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

Expenditure
Notes		 General
Designated
Restricted
Total 2025
Total 2024
Note 3 continued £
£
£
£
£
Foodbank activities
Food used from donated stock
18
Food Purchases - Foodbank
Non Food Supplies
Clients Exp' Taxi, Trolley etc -
Foodbank
Managers Meetings
Volunteers Exp - Foodbank
Van Maintenance - Foodbank
Depreciation of van
7
Foodbank activities sub total
Depreciation of All Saints Furnishings
7
Church running - insurance
Church Office running costs
Church Office running - electricity
Church Office running - gas
Church Office running - maintenance
Church Building Maintenance
Cleaning
Building Cyclical Maintenance
Services & Gatherings
Sound & Audio Visual Systems
Equipment
Warehouse consumables
Administration
Bank charges
Church running - electric
Church running - gas
Church running - water
Church major repairs professional fees
Sundry
Ops & Buildings costs sub total
Charitable activities Totals
Governance costs
Legal, Insurance & Operations
Audit fees
Governance costs Totals
Expenditure Grand Totals		 -
-
168,634
168,634
212,140
-
-
271,864
271,864
331,545
-
-
11,533
11,533
10,040
-
-
31
31
-
-
-
93
93
56
-
-
2,362
2,362
2,025
-
-
2,898
2,898
2,221
-
-
1,950
1,950
1,950
-
-
459,365
459,365
559,977
-
-
4,072
4,072
3,473
12,760
-
-
12,760
12,369
305
-
651
956
1,226
658
-
116
774
1,380
1,470
-
260
1,730
1,163
127
-
23
150
5,225
10,868
-
5,452
16,320
17,214
3,483
-
1,728
5,211
5,364
1,703
-
-
1,703
-
7,681
-
1
7,682
13,279
2,102
59
2,337
4,498
5,570
1,494
129
7,463
9,086
12,602
-
-
546
546
810
6,041
5
7,438
13,484
12,339
530
-
150
680
478
5,431
-
1,262
6,693
2,679
12,593
-
3,694
16,287
22,561
960
-
819
1,779
1,654
-
-
-
-
19,186
16
-
-
16
-
68,222
193
36,012
104,427
138,572
304,255
12,141
714,551
1,030,947
1,136,072
2,700
-
5,720
8,420
1,760
5,673
-
8,127
13,800
11,040
8,373
-
13,847
22,220
12,800
314,511
28,883
731,099
1,074,493
1,169,097

Page 26

THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

Note 4 – Within the Restricted column of Note 2 - Analysis of income – Foodbank Restricted Funds

Foodbank Income
Notes		 2025
2024
£
£
Incoming resources from generated funds
Regular Giving including Gift Aid
Other planned giving
SumUp Card Payments
One-off Gift Aid gifts
Donations Appeals & Projects
Donations from Churches & Charities
Donations from other organisations
Donations Gift Cards
Tax recoverable on Gift Aid
Non-recurring one-off grants
Donation of food
Voluntary Income Total
Activities for generating funds
Fundraising activity sales etc
Income from activities & events
Activities for generating funds Total
Investment Income
Bank and building society interest
Investment income Total
Income from charitable activities
Other funds generated
Incoming resources from charitable activities
Total
Income Grand Totals		 124,884
121,828
2,823
3,528
-
15
1,804
5,536
16,042
28,107
12,896
179,079
11,634
152,230
7,167
6,365
24,361
27,069
191,326
177,492
160,738
216,236
553,675
917,485
205
-
(460)
-
(255)
-
6,609
7,213
6,609
7,213
923
-
923
-
560,952
924,698

Note 5 – Within the Restricted column of Note 3 - Analysis of expenditure – Foodbank Restricted Funds

Foodbank Expenditure
Notes		 2025
2024
£
£
Cost of generating funds
Costs of applying for grants
Costs of Activities Events
Fundraising Donation Platform Fees
Cost of generating funds Totals
Charitable activities
CAB Foodbank Adviser
Giving to Home mission
Pastoral Gifts to individuals
Mission Giving to others sub total		 -
54
5
-
2,549
-
2,554
54
79,633
63,365
360
360
-
20
79,993
63,745

Page 27

THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

Foodbank Expenditure
Note 5 continued
Notes		 2025
2024
£
£
Staff salaries
Staff Team - employment costs sub total
Transport costs
Property Rent
Property Insurance
Property advisors (e.g. Fire & H&S)
Ops & buildings Foodbank sub total
Clergy: Working expenses
Ministry: Training and Development
Ministry: Worcester Food Bank
Church Mission activities sub total
Foodbank activities
Food used from donated stock
Food Purchases - Foodbank
Non Food Supplies
Clients Exp' Taxi, Trolley etc - Foodbank
Managers Meetings
Volunteers Exp - Foodbank
Van Maintenance - Foodbank
Depreciation of van
Foodbank activities sub total
Church running - insurance
Church Office running costs
Church Office running - electricity
Church Office running - gas
Church Office running - maintenance
Building Maintenance
Cleaning
Equipment
Warehouse consumables
Administration
Bank charges
Church running - Electricity
Church running - gas
Church running - water
Ops & Buildings costs sub total
Charitable activities Totals
Governance costs
Legal, Insurance & Operations
Finance costs-Audit
Governance costs Totals
Expenditure Grand Totals		 56,652
49,349
56,652
49,349
966
1,126
31,272
30,800
474
1,876
-
1,980
32,713
35,782
-
36
408
450
852
14
1,260
500
168,634
212,140
271,864
331,545
11,533
10,040
31
-
93
56
2,362
2,025
2,898
2,221
1,950
1,950
459,365
559,977
-
400
651
-
116
-
260
-
23
-
2,202
2,570
1,728
1,620
3,751
6,056
546
810
6,327
6,305
150
99
1,262
(1,579)
2,826
1,973
819
756
20,661
19,010
650,644
728,363
5,720
500
8,127
6,734
13,847
7,234
667,045
735,651

Page 28

THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

Note 6 – Transfers

Note 6 – Transfers
Transfers - Description and Reason
Notes
11		 Unrestricted
funds
Designated
funds
Restricted
funds
Total
Funds
2025
£
£
£
£
(7,500)
7,500
-
-
(361)
361
-
-
1,305
(1,305)
-
-
1,137
(1,137)
-
-
33,200
(33,200)
-
-
(6,000)
-
6,000
-
(70)
-
70
-

Page 29

THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

Note 7 – Tangible Fixed Assets

The PCC has the following tangible fixed assets with a value greater than £2,500 as follows:

Tangible Fixed Assets
2025		 Foodbank
Van
All Saints
Furnishings
Totals
£
£
£
Cost
At 1st January 2025
In-year adjustment additions
At 31st December 2025
Depreciation
At 1st January 2025
Charge in year
At 31st December 2025
Net Book Value
At 31st December 2025
Net Book Value
At 31st December 2024		 19,750
43,130
62,880
-
3,000
3,000
19,750
46,130
65,880
11,700
21,935
33,635
1,950
4,072
6,022
13,650
26,007
39,657
6,100
20,123
26,223
8,050
21,195
29,245

Note 8 – Investments

Note 8 – Investments
Investments Listed
Investments
Totals
£
£
Market Value
At 1st January 2025
Less disposals (at account closure)
Net Gains/(Losses)
At 31st December 2025		 1,262
1,262
(564)
(564)
(31)
(31)
667
667

The PCC holds a small amount in investments. During 2025, one investment account held as general funds was closed because the M&G Investment account was discontinued. Due to the low value of the account, the investments were sold, rather than re-invested. The sale proceeds on closure were transferred into the main Bank account as general funds. Overall investments have decreased by £31 during 2025 (decreased by £5 to total £1,262 during 2024).

Page 30

THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

Note 9 - Debtors (Accounts receivable)

Note 9 - Debtors (Accounts receivable)
2025
2024
£
£
Amounts receivable within one year
Prepayments and accrued income
Rent deposit
Amounts receivable after more than one
year
Rent deposit
Total debtors
Note 10 – Creditors – (Accounts Payable)		 2025
£		 94,702
45,350
4,167
-
98,869
45,350
-
4,167
-
4,167
98,869
49,517
2024
£
Social security taxes creditor
Pension creditor
Barclaycard
Accruals for grants payable
Accruals		 5,564
-
2,399
7,500
25,033		 -
1,345
4,156
-
25,464
40,496 30,965

Page 31

THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

Note 11 – Funds & Fund Movements – 2025

2025
Fund Movement
Represented by:		 Opening
Incoming
Outgoing
Transfers
Revalue
Closing
bfwd
Resources
Resources
cfwd
£
£
£
£
£
£
Unrestricted - General funds
Designated
Building Maintenance &
Development Fund
Cyclical Building
Maintenance
Eco Church
Events - External
Events - Internal Church
New Wine National Lead
Post
St Stephen
Equipment & Furniture Fund
Sound & Audio Visual Fund
Overseas Mission Partners
Vicar's Disc. Mission Support
Unrestricted - Designated
Total Unrestricted funds
Restricted
Lightbox Hub
Lightbox Worcester
National Grid Community
Pastoral Fund
Resourcing Church Ops Costs
Staff Fund-Children's
Staff Fund-Youth
Student Ministry
Art Space
Bell Ringers Fund
Chairs Fund
Chairs Fund Applied
Food Bank Project
Foodbank Contingency Res.
Foodbank Van Applied
Mainly Music Fund
Organ Renovation Fund
Resourcing Church - Staff
Youth Fund
Total restricted funds
Totals		 44,719
334,772
(314,511)
21,711
(31)
86,660
903
-
-
-
-
903
4,000
-
-
7,500
-
11,500
76
-
-
-
-
76
-
2,161
(856)
(1,305)
-
-
-
5,872
(4,714)
(1,137)
-
21
-
33,200
-
(33,200)
-
-
-
12,035
(11,677)
-
-
358
4,504
-
(129)
-
-
4,375
-
60
(60)
361
-
361
15,147
2,381
(11,447)
-
-
6,081
4,223
-
-
-
-
4,223
28,853
55,709
(28,883)
(27,781)
-
27,898
73,572
390,481
(343,394)
(6,070)
(31)
114,558
1,808
7,820
(2,620)
6,000
-
13,008
-
10,667
-
-
-
10,667
5,081
-
(958)
-
-
4,123
-
2,000
-
-
-
2,000
-
12,353
(12,353)
-
-
-
-
750
-
-
-
750
-
938
-
-
-
938
-
730
(600)
-
-
130
30
-
-
-
-
30
9,741
2,668
(3,245)
-
-
9,164
2,767
156
(5)
-
-
2,918
21,195
-
(1,072)
-
-
20,123
694,617
560,952
(665,095)
-
-
590,474
105,000
-
-
-
-
105,000
8,050
-
(1,950)
-
-
6,100
285
1,762
(1,549)
-
-
498
1,973
-
(324)
-
-
1,649
-
36,402
(36,402)
-
-
-
3,056
1,800
(4,926)
70
-
-
853,603
638,998
(731,099)
6,070
-
767,572
927,175
1,029,479
(1,074,493)
-
(31)
882,130

Page 32

THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

Note 11b Fund Movement - Prior Year 2024 - for comparison

2024
Fund Movement
Represented by:		 Opening
Incoming
Outgoing
Transfers
Revalue
Closing
bfwd
Resources
Resources
cfwd
£
£
£
£
£
£
Unrestricted - General funds
Designated
Building Maintenance &
Development Fund
Cyclical Building Maintenance
Eco Church
Events - Internal Church
St Stephen
Equipment & Furniture Fund
Sound & Audio Visual Fund
Overseas Mission Partners
Vicar's Discretionary Mission
Support
Unrestricted - Designated
Total Unrestricted funds
Restricted
Building Maintenance &
Development Fund Res
Collection For
Individuals/charities
Hope For Justice
Lightbox Hub
National Grid Community
Matters
Alpha
Art Space
Bell Ringers Fund
Chairs Fund
Chairs Fund Applied
Food Bank Project
Foodbank Contingency Reserve
Foodbank Van Purchase Grant
Applied
Mainly Music Fund
Organ Renovation Fund
Resourcing - Building Works
Resourcing St. Peter's
Bengeworth
Resourcing Church - Staff
Youth Fund
Total restricted funds
Totals		 8,857
349,272
(298,313)
(15,092)
(5)
44,719
3,711
-
(528)
(2,280)
-
903
-
-
-
4,000
-
4,000
-
76
-
-
-
76
-
13,467
(14,727)
1,260
-
-
-
5,050
(5,018)
(32)
-
-
3,272
-
(1,294)
2,526
-
4,504
-
2,000
(2,000)
-
-
-
13,848
-
(1)
1,300
-
15,147
3,223
-
-
1,000
-
4,223
24,054
20,593
(23,568)
7,774
-
28,853
32,911
369,865
(321,881)
(7,318)
(5)
73,572
-
-
(2,523)
2,523
-
-
-
2,000
(2,000)
-
-
-
648
-
(648)
-
-
-
-
2,142
(334)
-
-
1,808
9,730
-
(4,649)
-
-
5,081
224
-
(224)
-
-
-
-
30
-
-
-
30
8,581
1,544
(384)
-
-
9,741
2,612
155
-
-
-
2,767
24,668
-
(3,473)
-
-
21,195
640,619
787,696
(733,698)
-
-
694,617
105,000
-
-
-
-
105,000
10,000
-
(1,950)
-
-
8,050
-
1,992
(1,707)
-
-
285
2,277
-
(304)
-
-
1,973
-
17,038
(20,445)
3,407
-
-
-
11,095
(11,095)
-
-
-
-
62,115
(63,503)
1,388
-
-
2,667
668
(279)
-
-
3,056
807,026
886,475
(847,216)
7,318
-
853,603
839,937
1,256,340
(1,169,097)
-
(5)
927,175

Page 33

THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

Note 11c - Funds held by the PCC

Fund Purpose of fund
Unrestricted- General Fund
Unrestricted- Designated
funds
Building Maintenance &
Development Fund
Cyclical Building
Maintenance
Eco - Eco Church
Equipment & Furniture
Fund
Events - External
Events - Internal Church
New Wine National Lead
Post
Overseas Mission Partner
Development
Sound and Audio-Visual
Fund
St Stephen
Vicar's Discretionary
Mission Support Fund
Restricted funds
Alpha
Art Space
Bell Ringers Fund
Building Maintenance &
Development Fund Res
Chairs Fund
Chairs Fund Applied
Collection for
Individuals/charities
Hope for Justice		 The fund through which everything passes unless the item relates to a
specific fund. This fund is unrestricted by Charity Law.
These are unrestricted funds that have been set aside by the PCC for
specific purposes. Designation status of funds is reviewed and
confirmed during the annual budget approval process each year.
General building maintenance of the church buildings including the
church office.
General building maintenance of the church buildings including the
church office. Reserves to build resilience for cyclical replacement and
refurbishment.
To provide for the costs of developing an Eco strategy for the church
Replacement and provision of office and church equipment and
furniture.
To provide for the costs of church Events by and/or with external
partners.
To provide for the costs of internal church Events
Fund to track backfill funds from NW, held for in-year transfer to
General Fund in support of resourcing church grant taper transition and
to add focussed capacity for growth. Surplus at year end transferred
back to General Fund.
Set aside to help develop better links with our overseas mission
partners.
Replacement and provision of sound and audio-visual equipment in All
Saints and St Helen’s churches.
Fund for activities associated with St Stephens resource church plant.
To enable the vicar to use discretion in supporting those in need and
also to provide for the All Saints Mission Support grant funds.
These funds are restricted by Charity Law for the specific purposes;
usually because the funds were donated for those specific purposes.
To provide for the costs of running Alpha courses.
To provide for the costs of running Art Space.
Operated by the All Saints Bell Ringers.
Funds received specifically for building maintenance of the church
buildings including the church office.
For the purchase, maintenance, and replacement of chairs for All Saints
and St Helen’s.
A technical accounting fund for Chairs capital costs met by restricted
donations to Chairs Fund.
Funds received for specific individuals and/or charities
Funds received for Hope for Justice

Page 34

THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

Lightbox Hub Funds received for Lightbox central Hub & Community Youth work
(fund renamed in 2025, formerly Community Youth including
Lightbox).
Lightbox Worcester Funds received for Lightbox in Worcester
Foodbank Project The fund for all Worcester Foodbank operations.
Foodbank Contingency – A contingency for the consequential costs of premises including higher
Warehouse lease and move rents, legal and professional fees associated with the renewal of the
warehouse lease and the addition of an additional unit to the new
lease. This includes provision for the costs of occupying and setting up
the new warehouse unit and to cover possible dilapidations liability.
Foodbank Earmarked Foodbank Funds received earmarked for specific grant purposes.
Grants
Foodbank Van Purchase A technical accounting fund for the Foodbank Van capital costs met by
Grant Applied the ASDA grant.
Mainly Music Fund To provide for the costs of Mainly Music.
National Grid Community Grant specifically received for warm spaces community engagement on
Matters fuel poverty, energy saving measures and keeping warm.
Organ Renovation Fund To provide for the costs of the Organ.
Pastoral Fund Funds received specifically for Pastoral use.
Resourcing Church Funds- All costs and income associated with the Resourcing Church project
4 funds: Operational, funded by the Church Commissioners through the Diocese and the
Building Works, Strategic Development Fund to help regenerate the church our area of
St Peter’s Bengeworth, the Diocese.
Resourcing Staff costs
Staff Fund – Children’s Funds received specifically in support of Children’s work salaries
Staff Fund – Youth Fund for donations specifically in support of Youth work salaries
Student Ministry Funds received specifically for Student work.
Youth Fund Funds received specifically for Youth work.

Page 35

THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

Note 12 – Stock

Note 12 – Stock
Fund 2025
2024
£
£
Foodbank
Foodbank supplies held for distribution
to beneficiaries		 41,167
49,061
41,167
49,061

Note 13 – Grants payable

Note 13 – Grants payable
2025
2024
£
£
Grant gifts to Institutions (Mission partners)
Hope for Justice
CPAS
SIM International – Stretton Down
Worcester Street Pastors
Maggs Day Centre Worcester
4Front Theatre
Chapel House Ministry
Tearfund
Fusion
Scripture Union - Perranporth Beach Mission
Adventure Plus
Wycliffe UK
Mission Aviation Fellowship
International Justice Mission
Open Doors
Worcester University - Students Union
Latin Link
Grant gifts to Individuals (Mission partners)
J McCririe (LIV Village Mission)
Others
Total
Giving to Charities		 -
648
1,000
1,000
1,500
1,000
1,500
1,000
1,500
1,000
2,000
-
-
3,000
3,500
3,000
1,000
1,000
2,500
-
-
2,000
-
750
-
750
-
1,500
1,000
-
500
-
-
750
5,000
6,360
-
750
21,000
24,508
2025
2024
£
£
Citizens Advice (Foodbank partner)
Macmillan		 79,633
63,365
35
-
79,668
63,365

Page 36

THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

Note 14 – Employees & Staff Costs 2025

Number of Employees: the average number of employees during the year 2025 was 12 (2024: 12)

Employee payments – Salaries

No employees are in receipt of remuneration in excess of £60,000 (2024 – None).

Employment costs
Notes		 2025
2024
£
£
Gross wages & salaries
Employer NI social security costs
Employer Pension & other costs
Totals		 201,291
187,976
9,652
7,773
8,555
7,462
219,498
203,211

Key management personnel remunerations

During the year total remuneration, including employer pension and national insurance costs, paid to key management personnel totalled £nil for 0 employees (2024 - £nil for 0 employees).

Note : Members of Standing Committee are clergy and volunteers. The key management personnel are clergy. None are employees of the charity.

Note 15 – Financial commitments – Lease Agreements

At the year-end balance sheet date, the charity had remaining commitments under operating leases as follows:

Notes 2025
2024
£
£
Within one year
Between one and five years		 16,683
31,683
1,870
18,553
18,553
50,236

Rent paid under operating leases in the year totalled £32,896 (2024 - £31,639).

Note : a significant post-year event - a new Lease for the Foodbank premises has been agreed with a rental commitment of £50,000 plus VAT per year, for a term of 7 years, including a tenant break clause at year 4, with 9 months’ notice.

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THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

Note 16 - Payments to Trustees

During the year no payments of salary or benefits were made to Trustees. (2024 - £ Nil)

During the year Mrs Amy Williams resigned as a Trustee on her appointment as an employee as Executive Assistant to the Vicar on 24/11/25.

No Trustees received re-imbursed expenses in the course of their Trustee and governance duties.

Trustees received the following re-imbursed expenses in the course of ministry activities in the year.

Trustee expenses re-imbursed
Notes		 2025
2024
£
£
Travel, accommodation, subsistence, hospitality
Reimbursement of ministry expenses
Total
Number of Trustees in this total		 2,434
2,890
12,015
7,217
14,449
10,107
10
8

Note 17 - Related Party Transactions

The Vicar’s spouse, Kath Johnson is employed by International Justice Mission (IJM). During 2025 the PCC agreed to include IJM as a future Mission partner for 2026 & 2027, following the ending of support for SIM in 2025. IJM were also recommended a partner charity for direct gifts at the annual All Saints Business & Community carol service in 2025. No donated funds passed through the charity to IJM in 2025. (2024 - £1,500). The Vicar, Rich Johnson, took no part in any discussions or decision making relating to these matters.

Church Warden, Jeremy Hailwood received a pastoral gift to the value of £182 (2024 - £0). During 2025, related parties T Hailwood received a grant from the Overseas Mission Fund towards travel costs for the mission trip to Liv Village, South Africa, of £657 (2024 - £0) and K Hailwood received a pastoral gift to the value of £13 (2024 - £0). Jeremy Hailwood took no part in any discussions or decisions relating to these grants & gifts.

Church Warden, Phil Bristow received a gift from the PCC to the value of £111 (2024 - £0) in thanks and recognition of his contribution to the charity, serving as Church Warden until 27/04/25. Phil Bristow took no part in any discussions or decisions relating to this gift.

Church Warden, Jenny Prigg received a gift from the PCC to the value of £58 (2024 - £0) in thanks and recognition of her contribution to the charity, serving as Church Warden until 27/04/25. Jenny Prigg took no part in any discussions or decisions relating to this gift.

PCC Treasurer, Stephen Chase received a gift from the PCC to the value of £33 (2024 - £0) in thanks and recognition of his contribution to the charity, serving as Treasurer. Stephen Chase took no part in any discussions or decisions relating to this gift.

In the year to 31[st] December 2025, Trustees made total donations to the charity’s unrestricted funds of £28,925 (2023 - £ 33,225).

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THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

Note 18 - Gifts in Kind & Donated Stock

In accordance with accepted accounting practice and the PCC’s Accounting Policies - see Note 1i – Gifts in Kind.

Volunteers: given the absence of a reliable measurement basis, the contribution of the time given by general volunteers is not accounted for in the accounts. Volunteers are the backbone of the Mission and Ministry of All Saints Church, and the Annual Review sets this out and expresses our thanks for these gifts of time and talent. Charitable activities typically involve 144 volunteers across various church and community activities. The Foodbank is staffed by 90 volunteers and local companies and organisations also donate staff time to Foodbank.

Donations to Foodbank: Gifts in kind include food & toiletries, services, equipment, and materials from individuals, churches, local companies, and organisations.

Donated Stock

Food and other goods that have been donated to the charity for distribution but held in storage as at the yearend date are valued on an average cost price per kilogram which is the most efficient method. Trussell Trust advise that this is most appropriately calculated as £2.77 per kilogram for 2025. (No change from £2.77 per kilogram in 2024).

In 2025, Foodbank received Food, toiletries, and household cleaning products donated by people and organisations, weighing 58,029 kg (78,064 Kg in 2024). The value of donated goods stock, income and donated stock distributed in 2025 is accounted for in the accounts and is as follows:

Donated Goods Stock
Foodbank
Notes		 Weight
of goods
Value of
goods
2025
Totals
2024
Totals
KG
£
£
£
At 1st January
2025
value £2.77 /kg
Income
Donated goods @ £2.77
/kg
At 31st
December 2025
value £2.77 /kg
Stock value
Movement in 2025		 17,712
49,061
49,061
44,965
58,029
160,740
160,740
216,237
75,741
209,802
209,802
261,202
14,862
41,167
41,167
49,061
60,879
168,634
168,634
212,141

Note 19 – Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. The charity is not registered for VAT.

Note 20 - Government Grant Income

The following Government grants were received by the charity for Foodbank in the year.

Fund
Grantor
Notes		 2025
2024
£
£
Foodbank
Worcester City Council - Household Support Fund
Total		 110,000
124,667
110,000
124,667

Note 21 – Auditors’ renumeration

Auditors' remuneration for the audit of the financial statements (inclusive of irrecoverable input VAT) was £13,800 (2024: £11,040). The auditor did not receive any fees for other services.

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THE PCC OF THE PARISH OF ST NICHOLAS & ALL SAINTS WORCESTER - YEAR ENDED 31[st] DECEMBER 2025

Note 22 - Comparative Statement of Financial Activities (1[st] January 2024 to 31[st] December 2024)

Notes Unrestricted
funds
Designated
funds
Restricted
funds
Total Funds
2024
Total Funds
2023
£
£
£
£
£
Income from
2 & 4
Voluntary income
Activities for generating funds
Investment income
Incoming resources from charitable
activities
Other incoming resources
Total income
Expenditure on
3 & 5
Cost of generating voluntary income
Charitable activities
Governance costs
Total expenditure
Net income / (expenditure)
resources before transfer
Transfers
Gross transfers between funds
6
Net income / (expenditure)
resources
Other recognised gains / losses
Gains/losses on investment assets
Net movement in funds
Reconciliation of funds
Fund balances at 1st January 2024
11
Fund balances at 31st December
2024		 311,728
7,138
877,296
1,196,162
1,753,029
961
13,455
1,866
16,282
7,664
1,660
-
7,313
8,973
4,610
34,923
-
-
34,923
25,550
-
-
-
-
1,986
349,272
20,593
886,475
1,256,340
1,792,839
(5,217)
(14,692)
(316)
(20,225)
(5,372)
(288,790)
(8,876)
(838,406)
(1,136,072)
(1,640,145)
(4,306)
-
(8,494)
(12,800)
(23,700)
(298,313)
(23,568)
(847,216)
(1,169,097)
(1,669,217)
50,959
(2,975)
39,259
87,243
123,622
(15,092)
7,774
7,318
-
-
35,867
4,799
46,577
87,243
123,622
(5)
-
-
(5)
77
35,862
4,799
46,577
87,238
123,699
8,857
24,054
807,026
839,937
716,238
44,719
28,853
853,603
927,175
839,937

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