2025-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Saint Saviour Guildford

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Annual Accounts & Trustees Annual Report For the year ending 31 December 2025

The Parochial Church Council of the Ecclesiastical Parish of Saint Saviour Guildford

Registered Charity Number: 1128141

St Saviour's Guildford

Year Ended 31st December 2025

Contents Page

Legal and Administrative Information	3
Trustees’ Annual Report	4
Independent Examiner’s Report	12
Statement of Financial Activities	13
Statement of Financial Position	14
(Balance Sheet)
Statement of Cash Flows	15
Notes to the Financial Statements	16

St Saviour's Guildford

Year Ended 31st December 2025

Legal and Administrative Information

Reference

The Charity is called “The Parochial Church Council Of The Ecclesiastical Parish Of Saint Saviour Guildford”. The Parochial Church Council is known as the PCC for short. Other names which are used for the charity are "St Saviour's Guildford". The Church is registered with the Charity Commission for England and Wales and was registered on the 19 February 2009. Before this the church was excepted from registration.

Registered Charity Number	1128141
Registered Office	The Church Office
	St Saviour’s Church
	Woodbridge Road
	Guildford
	GU1 4QD
Website	www.st-saviours.org.uk
Primary Bankers	Lloyds Bank plc
	147 High Street
	Guildford
	Surrey
	GU1 3AD
Solicitors	Charles Russell Speechlys LLP
	One London Square
	Guildford
	Surrey
	GU1 1UN
Independent Examiner	Nigel Wyatt BSc FCA
	Wyatt & Co Chartered Accountants
	125 Main Street
	Garforth
	Leeds
	LS25 1AF

St Saviour's Guildford

Year Ended 31st December 2025 Trustees’ Annual Report

The Parochial Church Council (PCC) presents its annual report for the year ended 31 [st] December 2025, together with the independently examined accounts for the year.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The structure, governance and management of St Saviour’s is determined by the rules of the Church of England, in particular the Church Representation Rules 2020. Governance is provided by the Rector, Churchwardens and the PCC. Day to day management is the responsibility of the Rector, the Executive Committee, and the staff team.

Membership of the PCC:

Members of the PCC are elected or co-opted by the Annual Parochial Church Meeting in accordance with the Church Representation Rules 2020 or are ex-officio. The following people served as members of the PCC for all or part of the year. The APCM was held on 20 May 2025, on which date 5 trustees resigned, and 3 took office. Two further resignations took place later in the year.

Rector: Revd. Graham Shaw[S] (Chair) Associate Ministers: Revd. Kath Garner[S] Revd. Lucy Webb[S SG ] Licenced Lay Minister: Norman Patterson[BM ] Churchwardens: Natalie Savage[S] Dave Snell[S BM ] (to 20 May) Steve Moore[S M ] (from 20 May) Deputy Churchwarden : Deborah Pepper[ S SG ] Steve Moore[S ] (to 20 May) Dave Snell[S BM ] (from 20 May) Elected Representatives to the Deanery Synod: Michael Jamison Deborah Pepper[S SG] Elected PCC members: Andrew Bagwell (Co-Treasurer)[S F ] Emma Barnard (to 20 May) Ayimo Bassey[M] Dave Beak (to 14 July) Daniel Bishop (Co-Treasurer)[S F ] David Britton (from 20 May)[F ] Mo Halloum (from 20 May) Chris How (to 20 May)[F] Hanna Lintott (from 20 May) Tunji Oloyede Stephen Pointer[F] Lorraine Price[M] (to 20 May) Penny Rickman[M] (Secretary, to 20 May) Mark Ross-Smith[BM ] Matthew Rowlandson (to 20 May) Amy Simpson (to 14 July) Nicholas Varley[S BM] Co-opted: Annabelle Varley[SG ] In attendance: Adrian Mansfield (Operations Director)[S F BM ] Rachel Brown, (Minute Taker, from 20 May) Key to committees: S = Standing Committee BM = Buildings Management Team F = Finance Team SG = Safeguarding Forum M = Mission Subcommittee

St Saviour's Guildford

Year Ended 31st December 2025 Trustees’ Annual Report

Leadership Team

Day to day management of the church is delegated to the Rector, the Leadership Forum and the staff team.

The Leadership Forum comprised Graham Shaw, Lucy Webb, Kath Garner, Adrian Mansfield, Annabelle Varley, and Joy Bishop. During the year, Lucy Webb and Graham Shaw chaired the forum, and the Churchwardens also attended meetings.

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The trustees (Members of the PCC) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of Church Accounting Regulations 2006. They 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. Trustees are inducted by a Churchwarden around the time of their first PCC meeting, and briefed on their responsibilities as a PCC member and charity trustee. DBS checks are made on all Trustees, in line with Charity Commission guidance. As a registered charity and Anglican Church, the church is run in accordance with the Parochial Church Councils (Powers) Measure (1956) as amended, and Church Representation Rules (2020). Trustees are also elected or co-opted in accordance with these rules, at the Annual Parochial Church Meeting (APCM).

OBJECTIVES & ACTIVITIES

The primary objective of the PCC is to promote the gospel of our Lord Jesus Christ according to the doctrine and practice of the Church of England. The PCC consults with the Rector on matters of general concern and importance to the parish, co-operates with the Rector, the other clergy and the Church Leadership Team in promoting in the parish the whole mission of the church – pastoral, evangelistic, social and ecumenical. There has been no change in the primary objective of the PCC during the year.

PUBLIC BENEFIT

When planning St Saviour’s programme of activities for the year, the Rector and the PCC have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance to charities for the advancement of religion by:

offering people the opportunity to gather together for worship, prayer and teaching at our range of Sunday services as well as our programme of mid-week meetings;
providing pastoral care in a variety of ways e.g. visiting the sick, supporting children and families with additional needs, running a parenting course, providing practical help to people in need and CAMEO, a fellowship and self-help group for people of retirement age;
delivering a discipleship programme through our network of Life Groups/PoDs and Alpha Courses;

St Saviour's Guildford

Year Ended 31st December 2025 Trustees’ Annual Report

offering imaginative programmes of teaching and discipleship to students, children, youth and students (including those with additional needs), in parallel with other relevant events and activities;
offering community outreach projects including a Baby Group and a Toddler Group, a befriending project (Community Angels) and meals for those in the community in need (Meals for You);
promoting and supporting mission partnerships with churches, organisations and people whose primary objective is to proclaim Jesus Christ, Saviour and Lord and who show the faith, love and hope of Christ in action at home and abroad.

To facilitate these activities, it is important that we maintain the fabric of the Church of St Saviour’s and the attached Church Centre buildings.

RISK MANAGEMENT

The PCC recognises its responsibilities for managing risk.

Principal Risks and Uncertainties

As with many charitable organisations, the majority of the PCC’s income is the result of voluntary giving and in the PCC’s case, the vast majority of this comes from the generous, sacrificial and committed giving of the membership of St. Saviour’s Guildford. The PCC recognises that church membership fluctuates year-by-year and that any period of change and transition can heighten the risk of this fluctuation. The church operates an annual spring gift day under the direction of the Finance Team, at which church members are asked to review and pledge their financial support to the PCC for the year ahead. Income and expenditure are monitored monthly to maintain a clear focus on the church’s financial position. An autumn gift day is often utilised to meet shortfalls and raise additional funds for special projects and initiatives. Day-by-day financial management is with the Treasurers, Operations Director, Financial Administrator and ministry leaders, who tailor and adjust expenditure throughout the year to respond to any recognised financial constraints.

OPERATIONS

An annual programme of key maintenance and decoration work was delivered for the Church Centre, alongside a comprehensive programme of works for the Church, prior to the Quinquennial (5 yearly) inspection in October 2025. Overall key works included:

Drainage repairs in the church centre toilets
CCTV installations and upgrades for security and safeguarding purposes
Electrical improvements in church to support the welcome bar
LED / PIR work throughout the Church Centre, funded by grants
Complete Wi-Fi / network upgrade throughout
Replacement projector for church
5 year structural electrical check, with completion of recommended work, including repair of chapel lighting
All remaining work from the 2020 Quinquennial inspection (completed before the October 25 Quinquennial inspection)
General maintenance and jet washing of front paved area at front of Church and rear car park
Tap replacements in church centre toilets
All Church Centre windows serviced / repaired
Gutter and fence maintenance at Artillery Terrace

All obligatory annual inspections to safety, electrical and security equipment were completed as was portable appliance testing. A plan is in place for evacuating the Church and Centre in the event of fire or some other emergency and protocols have been reviewed for evacuating the buildings during services and large events. Fire notices are exhibited throughout the building. First aid / defibrillator training was refreshed in Spring 2025 as required for the Staff Team and key ministry volunteers.

St Saviour's Guildford

Year Ended 31st December 2025 Trustees’ Annual Report

SAFEGUARDING

Safeguarding is at the heart of everything we do at St Saviour’s because we believe that every person is a precious child of God and it is to Him that we are accountable for our stewardship of His people. It is, therefore, of primary importance to us that St Saviour’s is a place of safety for all - but particularly for the many children, young people and vulnerable adults that we welcome on a weekly basis. The PCC is committed to building a safe culture by combining good relationships and communication at all levels, clear safeguarding accountability and professional curiosity, with rigorous safeguarding policies as required by the House of Bishops. As a church family we want everyone , child and adult, to feel and to know that they are safe as they take part in the life of the Church.

St Saviour’s PCC has adopted the Church of England Safeguarding Policy ‘Promoting a Safer Church’, the safeguarding policy for children, young people and adults. Continual review of safeguarding policies, procedures and practice is ongoing and overseen by the PCC’s Safeguarding representatives and Safeguarding Forum who report to the PCC at each of its meetings.

FINANCE

The handling of cash is subject to dual control procedures with the objective of minimising the risk of loss or fraud. Expenditure is also subject to strict monitoring and control by the Treasurers, Operations Director and Financial Administrator in association with the PCC Finance Team and relevant ministry leaders with a view to ensuring that budgetary limits are respected and not exceeded without prior authorisation. We operate an effective and comprehensive management accounting system that enables the staff, trustees, and Treasurers with the Finance Team to monitor and actively manage St Saviour’s finances on behalf of the PCC, reporting on a monthly basis as compared with budget and prior year figures.

Reserves Policy

As part of our contingency planning and risk management the PCC operates a reserves policy whereby we seek to ensure that our unrestricted general fund reserve does not fall below the approximate equivalent of the aggregate of three months of staff costs (Salary, Employers NI and Pension contributions). The value of reserves agreed to be in place at the end of the 2025 financial year (for 2026) by the Co-Treasurers was £95,000 (2024: £90,000). These reserves are held across the general and designated funds. Reserves held above this value are purposed to smooth fluctuations in cash flow, meet emergencies and to allocate towards the activities of the church over the coming years and expected fabric and fixtures expenditure.

REMUNERATION

The PCC delegates the oversight of remuneration of its staff and key management personnel to the Operations Director and the PCC HR Champion. A grading structure was introduced in 2017 following a review of remuneration, benchmarked against similar sized churches in the South East, drawing on research conducted by UCAN (United Kingdom Church Administrators Network). The salary benchmarks are regularly reviewed against external data and peers, and the structure was more majorly reviewed in 2021 and 2025.

The PCC and leadership team are enormously grateful for the voluntary contribution of c. 300 church members across a variety of ministry roles, including our Sunday services, Children, Youth and Families provision, and many other groups. Most volunteers serve monthly, for around 2-3 hours but this varies depending on the ministry role and involvement of different individuals.

ACHIEVEMENTS DURING THE YEAR

We have continued to see growth in numbers and depth of community and discipleship across our whole church family. Our three Sunday services at 9am, 10.30am and 6pm have continued to develop a sense of individual identity – each now having a congregational pastor and congregational team who oversee the welcome, integration and pastoral support for their respective service.

Groups for children and young people continue to flourish and thrive under our children, youth and families team. Activities such as the Easter and Christmas ‘crafternoons’ have provided new opportunities for families in the parish to

St Saviour's Guildford

Year Ended 31st December 2025 Trustees’ Annual Report

connect with church. We are extremely grateful to the entire team of staff and volunteers who serve in these ministries every week.

Our Students and Young Adults’ ministry has seen particular growth in numbers and depth of discipleship, with Rev Kath Garner in the role of Associate Minister. Although we are mindful of the fact that Kath will be on maternity leave from March 2026, a plan is being formulated to cover for Kath’s maternity leave, with Rev Lucy Webb overseeing the Tuesday night gatherings for Students & Young Adults. From Summer 2026, Michael Hillier will join the clergy team as a Curate and take on the oversight of the Students and Young Adults Ministry. St Saviour’s wishes to record its gratitude to all those individuals and charitable trusts who have so generously contributed to the costs of this ministry, including Benefact Trust.

Services at Easter and Christmas 2025 were well attended by large numbers of visitors and regular congregational members. The Christmas season in particular was considered a real blessing with excellent attendance and support at all services including Acoustic Carols, Big Family Christmas Service, two Traditional Carols services, two Christingle services, Midnight Communion, Christmas Communion, and our Christmas All In Celebration.

There were wonderful Christmas events including Beer and Carols at the Stoke pub, Women’s Christmas Market and two showings of the Snowman with a live brass band from Godalming. Christmas lunches for the Trekkers community parents and for CAMEO were also much appreciated.

Our special thanks to the staff team and volunteers who helped provide a warm, safe and welcoming space for all visitors and regular congregational members over the year, with a big shout out to our Communication, Operations, Production, Worship, Safeguarding and Welcome teams without whom we would not be able to serve our parish needs.

We have had the pleasure of baptising many infants, young children, teenagers, and young adults over the past year. We ran an Alpha course at the beginning of 2025 and welcomed 30 individuals to explore what it means to be a Christian, with some coming to faith. Alpha continues to be a great course for St Saviour’s to run with excellent numbers booked on for the 2026 season.

Other 2025 key highlights have included:

23 attendees at the Bible Course in the Autumn term – helping to build confidence in our understanding of the structure, meaning and application of God’s word to everyday life.
A prayer week from 12 – 18 October with a particular focus on evangelism.
Children’s Holiday Club from 28 – 30 October with c. 90 children attending, of which around 70 were from families who are not members of St Saviour’s.
The summer Trekkers Festival, which continued to build community and offer new families the opportunity to connect with our vibrant additional needs ministry.
Justin Brierley speaking on 11[th] November on “The Surprising Rebirth of Belief in God” – reflecting on this season of “Quiet Revival” which is spreading across the country, particularly amongst young people.
Our thriving POD groups, providing a space for c. 230 church members to meet in small groups

St. Saviour’s vision emphasises the importance to equip everyone for whole life discipleship at every season or our lives, and we have continued to see that with the close community that has been forged within our CAMEO group. We are also thankful for the Fifty+ ministry which has developed in its first year, and for the growth of the women’s ministry under Rev Lucy Webb’s direction. We have plans to strengthen our men’s ministry activities, and are thankful for the men’s curry nights that help provide community on a regular basis.

In line with our charitable objects, the church’s ministry to those outside the church community has continued. The Meals for You project cooked and delivered thousands of meals during 2025 and remains a core ministry for practical outreach and service to those in need in the community. The midweek Baby and Toddler Group continues to flourish with many toddler families now attending the ‘crafternoons’ offered in conjunction with major church festivals. We reestablished the Mission Partners’ Sub-committee, supporting our 9 strategic Mission partners throughout 2025, both internationally and locally, integrating our wider mission activity more closely into the life of the church.

St Saviour's Guildford

Year Ended 31st December 2025 Trustees’ Annual Report

Changes in Staffing

St. Saviour’s has been blessed by a season of real stability in our staffing and that has continued throughout 2025, with the only notable change being to say goodbye to Rachel Akodu as our outgoing Ministry Student and to welcome Sophie King as our Ministry Student with particular focus on our Youth ministry.

2026 will be a year of change as we prepare for the next phase of our journey together. We will be saying goodbye to:
Annabelle Varley – our Director of Children, Youth & Families ministry, after many years of service
Adrian Mansfield – our Director of Operations, who will be retiring
Jacob Boxall-Taylor – our Production and Creative Lead, who will be focusing on his own business

LOOKING TO THE FUTURE – OUR VISION AND KEY CHURCH PRIORITIES

St Saviour’s has established a new vision, which underpins our church priorities and all ministries from 2025 through 2026. Our vision is to build a diverse, multigenerational church community that equips everyone for whole life discipleship, invests in emerging generations and transforms our town in the power of Jesus. Further detail on this vision statement is given below.

Equip - To equip our diverse, multigenerational church community to follow Jesus wholeheartedly in every season of life.

As a multigenerational church community, we celebrate our diversity. We want everyone in our church family to know that they are loved by God and to be equipped as disciples of Jesus. We seek to deepen our individual and collective discipleship through all we do as a church and particularly through:

Sunday services, including preaching, teaching, worship and prayer.
Discipleship in small groups.
Connecting those at a similar life stage, or with similar interests, for community and spiritual growth.

Invest - To invest in the emerging generations (0-30) to help them become lifelong disciples of Jesus who will impact the wider church and the world for generations to come.

St Saviour’s ministry to children, young people and young adults, including those with additional needs, is a unique part of our DNA. It comes with the call to nurture, disciple and care for those aged under 30 to prepare them for lifelong discipleship and leadership in church and communities.

We will therefore:

Build community amongst emerging generations for friendship and support.
Encourage confident disciples committed to speaking about faith.
Support parents and carers in nurturing faith in their children.
Invest in paid staff roles and develop lay leaders to support 0 - 30s.
Engage the whole church family in supporting and championing the emerging generations.

Transform - To play our part in transforming Guildford, and especially our parish, by offering Jesus’ light and hope.

Matthew 5:16 says: ‘In the same way, let your light shine before others, that they may see your good deeds and glorify your Father in heaven’.

St Saviour’s seeks to offer Jesus’ hope and light to Guildford, especially to those who live and work in our parish.

We will therefore:

Equip our church family to be catalysts for transformation at home, at work and in the Community.
Build relationships within the local community, responding to the needs and opportunities that arise.
Shape missional church activities so that people have an opportunity to meet with Jesus.
Build partnerships with other churches and organisations jointly to pursue community Transformation.

To ensure we are focused and investing resources effectively and sustainably, we are targeting the following key church priorities at St. Saviour’s for the year September 2025 through July 2026. They are established in consideration of our vision and form the backdrop for collective and individual ministry plans – so that everyone is

St Saviour's Guildford

Year Ended 31st December 2025 Trustees’ Annual Report

pulling in the same direction, there is appropriate collaboration between different ministry areas and so we can chart our progress.

Equip

Empowering and releasing leaders across all our ministries at church, including piloting a leadership development training course in October and November.
Growing healthy disciples who nurture other disciples.

Invest

Investing in the sustainability of our ministry to students and young adults.
Extending opportunities for everyone to be involved in ministry to the emerging generations.

Transform

Develop and implement an evangelism strategy.
Assess and prioritise opportunities to engage with the local community.

FINANCIAL REVIEW

Total income in 2025 (incorporating restricted giving, as well as activity, rental and investment income) amounted to £877,452 (2024: £927,311, including 45k of insurance income). Regular unrestricted donations came from 299 family units (2024: 275). Total income included £98k of restricted income, £10k of legacy income, and £123k of unrestricted income tax recoverable from HMRC under the Gift Aid scheme. Restricted income included grants for building improvements and accessibility equipment.

The Statement of Financial Activities shows an overall surplus of £27k (before transfers) on unrestricted funds for 2025. The original budget had a predicted cash deficit for the year of c £42k (2024: £25k).

The church continues to hold adequate cash reserves, with a slight increase in the year. Restricted current net assets of £61k (2024: £79k) include funds for various projects including the Students and Young Adults project (which itself includes employment and housing costs for an Associate Minister). There are no current cash flow concerns, though the PCC recognises much of the cash held is designated or restricted. The Finance Team have self-serve access to the church’s accounts on a cloud-based package (ExpensePlus), and the PCC receive regular updates at their meetings.

The church’s 2025 budget was set and monitored carefully by the Operations Director and Treasurers. The PCC has ensured that a prudent budget has been set for 2026. This includes a deficit of £38k to the General fund (including some contingency spend for capital projects), though at the time of writing this report, we hope regular giving will improve during the course of the year, notably at the Gift Day in March.

Expenditure has been monitored carefully in line with the budget. Total unrestricted spending for the year was £753k (2024: £749k). We continued to pay our parish share of £129k (2024: £132k) in full to the Diocese of Guildford. The sum paid to our mission partners was £31k (2024: £29k). The payments to mission partners were made from the General funds, with any underspend from the general fund budget contributed to the designated reserve funds for mission partners. 2025 was the first full year of the new PCC subcommittee for mission partnerships (chaired by Steve Moore) since its re-forming.

Overall expenditure totalled £865k (2024: £843k). This figure does not include expenditure on capital assets purchased during the year, as these are kept on the balance sheet. However, the figure does include annual depreciation of assets in line with the church’s capitalisation policy.

These funds are represented by fixed assets and investments (including housing) of £836k and net current assets (cash held plus funds owed to St Saviour’s, less funds which St Saviour’s owe to others) of £434k. The unrestricted general fund reserve currently exceeds three-months’ staff costs, in line with our reserves policy.

St Saviour's Guildford

Year Ended 31st December 2025 Trustees’ Annual Report

It is not the role of the PCC to make long-term financial investments. The church owns a residential property (5B Artillery Terrace) which is retained for the purpose of housing one of the Associate Ministers and her family. Other funds are held on short term deposit with CCLA Investment Managers Limited, the Church of England’s investment managers, and in savings or current accounts at Lloyds Bank. During the first quarter of 2026, a further savings account has been opened with Kingdom Bank.

TRUSTEES’ RESPONSIBILITIES

The 2011 Charities Act require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to:

Select suitable accounting policies and apply them consistently.
Make judgments and estimates that are reasonable and prudent.
Prepare financial statements on the ongoing concern basis unless it is inappropriate to presume that the trust will continue in existence.
State whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;

The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the trust. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the Trustees……………………………………………………………………………………………….

Name of Trustee ………………………………………………………………………..………………………………………..

Date:……………………………………………………………………………………………………………………………….

St Saviour's Guildford

Year Ended 31st December 2025

Independent Examiner’s Report

I report to the Trustees on my examination of the financial statements of St Saviour’s Guildford ('the charity') for the year ended 31[st] December 2025.

Responsibilities and Basis of Report

As the trustees of the charity 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 charity'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.

Independent Examiner's Statement

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 (ICAEW), 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:

accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts 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 accounts to be reached.

Nigel Wyatt BSC FCA Date:

Independent Examiner

125 Main Street

Garforth

Leeds

LS25 1AF

St Saviour's Guildford

Year Ended 31st December 2025

Statement of Financial Activities

Note Income 2 Donations and Legacies Charitable Activities Income Activities for generating income Investment Income Total Income Expenditure 3 Expenditure on Charitable Activities Total Expenditure Net Income / (Expenditure) before gains/(losses) Gain/(loss) on revaluation of Fixed Asse 10 Net Income / (Expenditure) after gains/(losses) Net Income and Net Movement in Funds Total funds brought forward 14 Transfers 14 Total funds carried forward 14	Unrestricted £ 739,692 23,844 9,707 6,193 779,436 752,544 752,544 26,892 - 26,892 1,178,335 3,375 1,208,602	Restricted £ 90,738 7,278 - - 98,016 112,612 112,612 (14,597) - (14,597) 78,931 (3,375) 60,959 2025	Total £ 830,430 31,122 9,707 6,193 877,452 865,157 865,157 12,295 - 12,295 1,257,266 - 1,269,561	2024 £ 825,508 85,014 9,812 6,977
				927,311
				843,029
				843,029

				84,282
				-
				84,282
				1,172,984 -
				1,257,266

All income and expenditure derive from continuing activities.

St Saviour's Guildford

Year Ended 31st December 2025

Statement of Financial Position (Balance Sheet)

Note Fixed Assets Tangible Fixed Assets 10 Current Assets Debtors 12 Short term investments 11 Cash at bank and in hand Creditors: Amounts falling due within one year 13 Net Current Assets Total Assets less Current Liabilities Net Assets 15 Funds of the Charity Restricted Funds 14 Unrestricted Funds 14 Unrestricted General (including Reserves) Designated funds Revaluation Reserve (Housing Fund) Total Charity Funds	2025 £ 835,602 835,602 15,277 217,880 243,180 476,337 42,379 433,958 1,269,560 1,269,561 60,959 199,103 314,499 695,000 1,269,561	2024 £ 850,944
		850,944 21,592 112,776 314,572
		448,940 42,618
		406,322
		1,257,266
		1,257,266
		78,931 314,596 168,740 695,000
		1,257,266

Trustees Responsibilities

These financial statements were approved by the board of trustees and authorised for issue:

Name of Trustee: Signed on behalf of the trustees: Date of Approval:	Graham Shaw (Rector)	Daniel Bishop (Co-Treasurer)

St Saviour's Guildford

Year Ended 31st December 2025

Statement of Cash Flows

2025 £ Cash Flows from Operating Activities Net cash provided by (used in) Operating Activities 45,209 45,209 Cash Flows from Investing Activities Dividends and Interest 6,193 Purchase of Tangible Fixed Assets (17,689) Net cash provided by (used in) Investing Activities (11,496) Cash Flows from Financing Activities Repayments on borrowing - Cash inflows from new borrowing - Net cash provided by (used in) Financing Activities - Change in cash and cash equivalents in the reporting period 33,712 Cash and cash equivalents at the beginning of the reporting period 427,348 Cash and cash equivalents at the end of the reporting period 461,060 Reconciliation of Net Movement in Funds to Net Cash Flow from Operating Activities 2025 £ Net movement in funds for reporting period (as per SoFA) 12,295 Adjustments for: Gain/(loss) on revaluation of Fixed Assets - Interest received (6,193) Depreciation of Tangible Fixed Assets 33,030 (Increase)/Decrease in Debtors 6,315 Increase/(Decrease) in Creditors (239) Net cash provided by (used in) Operating Activities 45,209 Analysis of Cash and Cash Equivalents 2025 £ Cash at bank and in hand 243,180 Short term deposits 217,880 Total cash and cash equivalents 461,060	2024 £ 114,646
	114,646
	6,977 (66,268)
	(59,291)
	- -
	-
	55,355 371,993
	427,348
	2024 £ 84,282 - (6,977) 43,750 (1,007) (5,402)
	114,646
	2024 £ 314,572 112,776
	427,348

St Saviour's Guildford

Year Ended 31st December 2025

Notes to the Financial Statements

1 Accounting Policies

Basis of Preparation

The accounts are prepared under the historical cost convention, in accordance with the Church Accounting Regulations 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with FRS 102 (effective 1 January 2019) - (Charities SORP (FRS 102)), and the Charities Act 2011.

The primary objective of the charity is to promote the gospel of our Lord Jesus Christ according to the doctrine and practice of the Church of England. The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Assessment of Going Concern

Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Fund Accounting

PCC funds are required to be analysed under specific headings, as follows:

General funds represent the ‘free’ funds of the PCC that are not subject to any restriction regarding their use and are available for application for the general purposes of the PCC.

Designated funds are earmarked by the PCC for particular purposes but are nevertheless still unrestricted as the PCC can redesignate the funds if it wishes.

Restricted Funds are funds collected or donated for a particular purpose and cannot be used by the PCC for any other purpose except by agreement with the donor.

Accounting Requirements

The accounts are required to include all transactions, assets and liabilities for which the PCC can be held responsible, and therefore include the value of 5B Artillery Terrace, tax on gifts and donations received during the year, specific giving directed to support Christian workers.

The accounts do not include the accounts of church groups that owe an affiliation to another group, nor those which are informal gatherings of church members. Church groups which are largely selffinancing, are excluded as they do not materially affect the accounts; however subsidies paid to these groups are included.

St Saviour's Guildford

Year Ended 31st December 2025

Notes to the Financial Statements

Incoming Resources

All incoming resources are recognised once the charity has entitlement to the resources, it is probable that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability.

All voluntary income from members of the church are recognised as donations and are included in full, with associated Gift Aid receivable in the Statement of Financial Activities.
Grants where entitlement is not conditional on the delivery of specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant.
Incoming resources from charitable trading activities such as the letting of the building are accounted for when invoices are drawn up (as the point of entitlement).
Donated services and facilities are included at the value to the charity where this can be quantified.
Gifts in Kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
Volunteer time, the value of voluntary support for the work of the church, is not included in the accounts but is described in the Trustees Annual Report.
Investment income is included in the accounts when receivable.

Application of Resources

Grants and outward giving are accounted for in the SOFA when paid, unless an obligation, whether constructive or legal, exists to the recipient in accordance with the Charities SORP and FRS 102.

Parish Share and other costs directly relating to the work and activities of the Church are accounted for when they are incurred or become due and payable.

Resources Expended

Expenditure is recognised on an accruals basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.

Liability Recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

St Saviour's Guildford

Year Ended 31st December 2025

Notes to the Financial Statements

Tangible Fixed Assets

Consecrated and beneficed property, including St Saviour’s Church Centre, is excluded from the accounts by S10(2)(c) of the Charities Act 2011. No value is attributed to moveable church furnishings held by the Churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or beneficed buildings and moveable church furnishings, whether for maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed.

Other land and buildings held on behalf of the PCC for its own purposes are valued at a fair but prudent valuation which is considered to be a reasonable estimate of the current value “in use” of the property. No depreciation has been charged in respect of such properties as they are kept in sound condition and any expenditure on maintenance or improvement following regular review is written off as incurred. It is our policy, as a general rule, to commission a revaluation of our properties at least once every 5 years.

Equipment used for church purposes is capitalised and written off on a straight line basis: - Musical Instruments, lighting systems, and plant equipment – over 10 years

Computer equipment, and sound/visuals systems – over 3 years
Accessibility equipment – over 3 years
Furniture – over 3 years

Routine replacements and renewals to technical systems and IT equipment are written off as expenditure in the SOFA . Other equipment purchases of under £1,000 are also written off as expenditure in the SOFA.

Pensions

The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.

Operating Leases

Rental charges payable under operating leases are charged on a straight line basis over the terms of the lease.

Taxation

The charity is exempt from tax on its charitable activities.

Estimates and Judgements

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results.

There are no critical judgements, significant assumptions concerning the future and key sources of estimation of uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

St Saviour's Guildford

Year Ended 31st December 2025

Notes to the Financial Statements

2 Analysis of Income (2025)

Analysis of Income (2025)
Donations and Legacies Regular giving (incl online) Income tax recoverable One off donations (incl Gift Day) Church collections Legacies Students & Young Adults ministry Meals for You food project Special collections & support (incl tax recoverable) Grants Charitable Activities Trips, retreats and events Parochial fees Insurance income Sundry income Activities for Generating Income Room hire Investment Income Interest Income Other Other Income TOTAL INCOME	Unrestricted £ 505,328 123,402 89,020 3,064 10,482 - - - 8,396 739,692 22,590 1,196 - 58 23,844 9,707 9,707 6,193 6,193 - - 779,436	Restricted £ 190 500 5,000 - - 26,083 10,207 17,572 31,186 90,738 7,278 - - - 7,278 - - - - - - 98,016	Total (2025) £ 505,518 123,902 94,020 3,064 10,482 26,083 10,207 17,572 39,582
			830,430 29,868 1,196 - 58
			31,122 9,707
			9,707 6,193
			6,193 -
			-
			877,452

St Saviour's Guildford

Year Ended 31st December 2025

Notes to the Financial Statements

2 Analysis of Income (2024)

*Analysis of Income (2024)*
Donations and Legacies Regular giving (incl online) Income tax recoverable One off donations (incl Gift Day) Church collections Legacies Students & Young Adults project Meals for You food project Special collections & support (incl tax recoverable) Grants Charitable Activities Trips, retreats and events Parochial fees Insurance income Sundry income Activities for Generating Income Room hire Investment Income Interest Income Other Other Income TOTAL INCOME	Unrestricted £ 457,980 106,575 99,855 3,271 78,174 - - - - 745,855 32,965 1,421 44,910 60 79,356 9,812 9,812 6,977 6,977 - 842,000	Restricted £ 300 - 520 - - 33,659 6,203 6,304 32,667 79,653 5,658 - - - 5,658 - - - - - 85,311	Total (2024) £ 458,280 106,575 100,375 3,271 78,174 33,659 6,203 6,304 32,667
			825,508 38,623 1,421 44,910 60
			85,014 9,812
			9,812 6,977
			6,977 -
			927,311

St Saviour's Guildford

Year Ended 31st December 2025

Notes to the Financial Statements

3 Expenditure on Charitable Activities (2025)

Unrestricted £ Ministry 515,327 Activities 22,389 Missionary and charitable giving 36,472 Buildings and equipment (incl depreciation) 135,802 Administration 42,554 752,544 Expenditure on Charitable Activities (2024) Unrestricted £ Ministry 472,595 Activities 35,440 Missionary and charitable giving 28,500 Buildings and equipment 188,091 Administration 24,752 749,378	Restricted £ 45,939 13,864 16,380 36,352 78 112,612 Restricted £ 47,866 14,810 2,672 28,172 131 93,651	Total (2025) £ 561,266 36,253 52,852 172,154 42,632
		865,157
		Total (2024) £ 520,461 50,250 31,172 216,263 24,883
		843,029

3 Expenditure on Charitable Activities (2024)

4 Support Costs

Staffing costs Equipment maintenance and renewals Administration costs (from note 3)	2025 £ 149,767 41,206 42,632 233,604	2024 £ 131,150 80,853 24,883
		236,886

All support costs are included within the cost headings in note 3.

5 Parish Share

St. Saviour's, Guildford is a parish church of the Church of England in the Diocese of Guildford and, by means of Parish Share, helps the funding of ministers, particularly parochial clergy, throughout the Diocese, the work of various Diocesan bodies and work of the Church of England as a whole. The Diocese is a community resourcing a common task, and not a charity trying to raise funds to meet a need. In 2025, the amount paid by the PCC was £128,942 (2024: £131,173).

6 Volunteers

The church benefits greatly from the voluntary contributions of time and money by its members and regular attendees. Please refer to the Trustees' Annual Report for further details about volunteer contributions in the organisation.

St Saviour's Guildford

Year Ended 31st December 2025

Notes to the Financial Statements

7 Independent Examination Fees

Fees payable to the Independent Examiner for:

Independent Examination of the Financial Statements	2025 £ 2,205 2,205	2024 £ 2,130
		2,130

8 Staff Costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

Wages and salaries Social security costs (Employer NI) Employer contribution to pension plans Total Employment Costs Staff expenses and other costs Total Staff Related Costs	2025 £ 341,259 16,874 26,587 384,719 20,988 405,707	2024 £ 315,823 13,916 24,311
		354,050
		9,651
		363,701

The Rector is employed by the Diocese of Guildford and not by St Saviour's so their costs have not been included in the salary figures shown above but are accounted for in the payments to the Diocese of Guildford. St Saviour's is obliged to provide accommodation to its ordained staff. As clergy are ex-officio members of the PCC they are in effect related parties in relation to their accommodation.

The average head count of employees during the year was as follows:

Administration Clergy Other	2025 8 3 7 18	2024 8 3 6
		17

The number of employees who received employee benefits of more than £60,000 during the year was as follows:

2025 2024 - - More than £60,000

Key Management Personnel

The charity’s key management personnel comprise the trustees, and the executive committee, but excluding the Rector. Total employment costs of key management personnel was £164,518 (2024: £158,911).

St Saviour's Guildford

Year Ended 31st December 2025

Notes to the Financial Statements

9 Trustee Remuneration, Expenses, and Donations

Three trustees (2024: 3) (Kath Garner, Annabelle Varley, Lucy Webb) are remunerated by St Saviour's Church, and their remuneration / benefits are shown below. There are no outstanding balances or amounts written off during the year. The employment costs are dictated by employment contracts.

Graham Shaw is a trustee of the charity and receives housing benefits.

The church rents accommodation for Kath Garner, whereas Lucy Webb lives in a property owned by St Saviour's, and Graham Shaw lives in a property owned by the Diocese.

Employment costs Housing costs Employment costs Housing costs	2025 2024 £ £ 41,581 40,953 31,101 27,662 72,682 68,615 2025 2024 £ £ 33,811 31,756 4,645 3,795 38,456 35,551 Kath Garner Lucy Webb	2025 2024 £ £ 19,216 19,332 - - 19,216 19,332 2025 2024 £ £ - - 3,309 3,970 3,309 3,970 Annabelle Varley Graham Shaw	2025 2024 £ £ 19,216 19,332 - - 19,216 19,332 2025 2024 £ £ - - 3,309 3,970 3,309 3,970 Annabelle Varley Graham Shaw
			19,332
			2024 £ - 3,970 Shaw
			3,970

13 trustees received payments for expense claims during 2025 (2024: 14). These expenses mainly related to clergy housing expenses, ministry costs, and reimbursement for event costs.

The expenses reimbursed to trustees during the year totalled £13,380 (2024: £14,481).

The aggregate value of donations made by PCC members and their spouses during 2024 was £110,107 (2024: £115,780).

St Saviour's Guildford

Year Ended 31st December 2025

Notes to the Financial Statements

10 Tangible Fixed Assets

Cost or Calculation At 1st January 2025 Revaluation Additions Disposals At 31st December 2025 Depreciation At 1st January 2025 Depreciation charge Depreciation disposal At 31st December 2025 Net Book Value At 31st December 2025 At 31st December 2024	Freehold Land & Buildings £ 695,000 - - - 695,000 - - - - 695,000 695,000	Musical Instruments £ 82,428 - - - 82,428 66,426 2,990 - 69,416 13,012 16,002	Fixtures & Fittings £ 108,765 - - - 108,765 55,288 9,408 - 64,696 44,069 53,477	Equipment £ 285,342 - 17,689 - 303,031 198,878 20,633 - 219,511 83,520 86,464	Total £ 1,171,535 - 17,689 -
					1,189,224
					320,592 33,030 -
					353,622

					835,602
					850,944

The freehold land and buildings comprise:

5B Artillery Terrace is shown at a valuation of £695,000 which is its estimated saleable value at 31st December 2021 and a fair estimate of its current "value in use". The trustees consider that the valuation at the year end is not materially different to when the valuation was undertaken at the end of 2021. The original cost is not known.

11 Short Term Investments

Short Term Investments
Investment Portfolio Valuation (CCLA)	2025 £ 217,880 217,880	2024 £ 112,776
		112,776

St Saviour's Guildford

Year Ended 31st December 2025

Notes to the Financial Statements

12 Debtors

Debtors
Income tax recoverable Prepayments Other debtors	2025 £ 8,114 6,859 304 15,277	2024 £ 9,584 10,908 1,100
		21,592

13 Creditors: amounts falling due within one year

Grants/donations payable Amounts owed to suppliers Staffing bills not yet invoiced or collected Credit card payments unpaid Parish share Tax and pension costs Accruals Deferred income	2025 £ 2,788 939 24,414 8,904 - - 3,346 1,988 42,379	2024 £ 2,672 6,364 22,009 6,663 - - 3,930 980
		42,618

St Saviour's Guildford

Year Ended 31st December 2025

Notes to the Financial Statements

14 Analysis of Charitable Funds (2025)

Unrestricted Funds General funds Designated Fixed Assets Legacies received Global partners Local partners Accessibility Projects & Events Weddings & Funerals House sale tithe House sale TBA Total Unrestricted Restricted Funds Special Collections Fellowship fund Specific Support Food Project Students & YA SNYC Guildford 10k run Total Restricted Total Funds Total Housing fund (revaluation reserve)	1 Jan 2025 £ 314,596 695,000 1,009,596 - 80,911 36,892 1,324 565 3,516 - 5,334 40,199 1,178,335 - 8,076 872 5,580 63,620 783 - 78,931 1,257,266	Income £ 742,660 - 742,660 - 10,482 - - - 16,702 1,196 - 8,396 779,436 4,069 2,500 12,247 10,207 48,750 7,278 12,965 98,016 877,452	Expenditure £ (657,896) - (657,896) (33,030) (1,291) (16,322) (14,816) (565) (16,677) (1,054) (5,334) (5,561) (752,544) (3,834) (2,005) (6,262) (7,348) (74,224) (5,975) (12,965) (112,612) (865,157)	Gains/Losses £ - - - - - - - - - - - - - - - - - - - - - -	Transfers £ (200,257) - (200,257) 173,632 - 16,508 13,492 - - - - - 3,375 - - (3,375) - - - - (3,375) -	31 Dec 2025 £ 199,103 695,000
						894,103 140,602 90,102 37,078 - - 3,541 142 - 43,034
						1,208,602
						235 8,571 3,482 8,439 38,146 2,086 -
						60,959

						1,269,561

St Saviour's Guildford Year Ended 31st December 2025

Notes to the Financial Statements

14 Analysis of Charitable Funds (2024)

Unrestricted Funds General funds Designated Legacies received Global partners Local partners Accessibility Projects & Events Weddings & Funerals House sale tithe House sale TBA Total Unrestricted Restricted Funds Special Collections Fellowship fund Specific Support Food Project Students & YA SNYC Guildford 10k run Total Restricted Total Funds Total Housing fund (revaluation reserve)	1 Jan 2024 £ 245,159 695,000 940,159 12,893 30,991 1,724 565 645 - 5,334 91,369 1,083,680 - 6,924 6,178 9,101 67,101 - - 89,304 1,172,984	Income £ 740,064 - 740,064 78,174 - - - 22,341 1,421 - - 842,000 5,161 - 1,963 6,203 66,326 5,658 - 85,311 927,311	Expenditure Gains/Losse Transfers £ £ £ (689,035) - 18,408 - - - (689,035) - 18,408 (10,156) - - (14,500) - 20,400 (14,000) - 13,600 - - - (19,470) - - (1,421) - - - - - (796) - (50,374) (749,378) - 2,033 (3,263) - (1,898) (2,904) - 4,056 (3,079) - (4,191) (9,724) - (69,806) - (4,875) - - - (93,651) - (2,033) (843,029) - -	31 Dec 2024 £ 314,596 695,000 1,009,596 80,911 36,891 1,324 565 3,516 - 5,334 40,199 1,178,335 - 8,076 871 5,580 63,621 783 - 78,931 1,257,266

St Saviour's Guildford

Year Ended 31st December 2025

Notes to the Financial Statements

Explanation of Funds and Fund Transfers

Designated Funds

Legacies received When unrestricted legacies are received they are credited to this fund awaiting an appropriate use. Global partners Residual funds remaining from the church's budgeted missionexpenditure. Local partners Residual funds remaining from the church's budgeted missionexpenditure. Accessibility Provides finance for the purchase of equipment to enhance the Trekkers additional needs ministry and for alterations/additions to the church centre to improve the usability for those with physical disabilities and additional learning needs. Housing The net worth of the houses owned by the church (revalued amount less outstanding loans) is not available for use in the day to day work of the church and is excluded from the general fund. House sale tithe The remainder of 10% of the sale proceeds of 16 Cunningham Avenue to be given to mission partnerships. House sale TBA The remaining proceeds from the sale of 16 Cunningham Avenue in 2019. Projects and Events Income and expenditure related to cost-neutral trips, retreats and events. Restricted Funds Special Collections This fund amalgamates special collections made by the church for special appeals. Fellowship fund This is money given to the church by individuals to support specific work or individuals through the fellowship fund. Specific Support This restricted fund receives money from donors who wish to support specific ministries. Food Project This fund is used for operation of the church's Meals For You Project. Students & YA Grant and donations towards the Students & Young Adults project 2024-2026, including the employment costs for the Associate Minister: Students & Young Adults. SNYC Funds for the operation of the SuperNatural Youth Conference run with other churches. Guildford 10k run Collections for local mission partners as sponsorship for the Guildford 10k run in October 2025

Fund Transfers 2025

Global and Local Partners The 2025 allocation for the Global and Local Mission Partner grant payments. Transfers to Fixed Assets fund Transfers of assets purchased within the funds during the year to the unrestricted fixed assets fund (created in 2025).

Fund Transfers 2024

Global and Local Partners

House Sale TBA / Special Collections

Specific Support / Fellowship Fund

The 2024 allocation for the Global and Local Mission Partner grant payments.

Transfers of assets purchased within the funds during the year to the unrestricted general fund.

Adjustment to correct for previous years error.

St Saviour's Guildford

Year Ended 31st December 2025

Notes to the Financial Statements

15 Analysis of Net Assets Between Funds

Fixed Assets Current Assets Creditors due within 1 year Fixed Assets Current Assets Creditors due within 1 year	Unrestricted £ 835,602 412,448 (39,447) 1,208,602 Unrestricted £ 850,944 363,887 (36,496) 1,178,335	Restricted £ - 63,890 (2,931) 60,959 Restricted £ - 85,053 (6,122) 78,931	Total (2025) £ 835,602 476,337 (42,378)
			1,269,561
			Total (2024) £ 850,944 448,940 (42,618)
			1,257,266

16 Consecrated Land and Buildings and Other Church Property

The PCC has the use of church property which is excluded from the accounts by virtue of s.10(2) of the Charities Act 2011. Movable church furnishings held by the Rector and Churchwardens on special trust for the PCC and which require a faculty for disposal are capitalised where appropriate and allocated to the appropriate fixed asset category. The Rectory is held in trust by the Guildford Diocese on behalf of the PCC. These properties are essential for the mission of the church and have been in use for many years. Accordingly, they have not been capitalised as there is insufficient cost information and their depreciated cost is unlikely to be material. All expenditure on consecrated or benefice buildings is written off in the year of expenditure.

17 Related Party Transactions

The following trustees or key management personnel (KMP) were directors or members of related entities or were connected to people or organisations in receipt of payments from St Saviour's:

Trustee or KMP Related Trusteeships Related Transactions Dan Bishop None Kath Garner None Andrew Bagwell None

Joy Bishop (spouse) was an employee of St Saviour's. Total employment costs in 2025 were £40,134 (2024: £35,435). Tom Garner (spouse) was an employee of St Saviour's. Total employment costs in 2025 were £39,759 (2024: £34,752). From Nov 2025, Andrew was a Non-Executive Director of ExpensePlus Ltd. During Nov and Dec 2025, the charity made payments to ExpensePlus of £120 relating to software subscriptions.

St Saviour's Guildford

Year Ended 31st December 2025

Notes to the Financial Statements

18 Pension Scheme

St Saviour's Guildford 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 participating employers.

CWPF has two sections:

the Defined Benefits Scheme
the Pension Builder Scheme, which has two subsections;
a. a deferred annuity section known as Pension Builder Classic, and,
b. a cash balance section known as Pension Builder 2014.

Pension Builder Scheme

Both sections of the Pension Builder Scheme are classed as defined benefit schemes.

Pension Builder Classic provides a pension, accumulated from contributions paid and converted into a deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from time to 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 which members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment returns and other factors. 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 to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme’s assets and liabilities to specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SoFA in the year are the contributions payable. The pensions costs charged to the SoFA in the year are the contributions payable (2025: £26,011, 2024: £22,322).

A valuation of the Pension Builder Scheme is carried out once every three years. The most recent valuation was carried out as at 31 December 2022.

For the Pension Builder Classic section, the valuation revealed a surplus of £34.8m on the ongoing assumptions used. At the most recent annual review effective 1 January 2026, the Board chose to grant a discretionary bonus of 10% to both pensions not yet in payment and pensions in payment in respect of service prior to April 1997; and a bonus on pensions in payment in respect of post April 1997 service so that the pension increase was also 10% (where usually it would be calculated based on inflation up to an annual cap of 5% for pensions in payment in respect of service prior to April 2006 and 2.5% for pensions in payment in respect of service post April 2006). This followed improvements in the funding position over 2025. There is no requirement for deficit payments at the current time.

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 time.

The next valuation is being carried out as at 31 December 2025. The legal structure of the scheme is such that if another employer fails, St Saviour's Guildford could become responsible for paying a share of the failed employer’s pension liabilities.

Annual Accounts & Trustees Annual Report For the year ending 31 December 2025

The Parochial Church Council of the Ecclesiastical Parish of Saint Saviour Guildford

Registered Charity Number: 1128141

St Saviour's Guildford

Year Ended 31st December 2025

Contents Page

Legal and Administrative Information	3
Trustees’ Annual Report	4
Independent Examiner’s Report	12
Statement of Financial Activities	13
Statement of Financial Position	14
(Balance Sheet)
Statement of Cash Flows	15
Notes to the Financial Statements	16

St Saviour's Guildford

Year Ended 31st December 2025

Legal and Administrative Information

Reference

Registered Charity Number	1128141
Registered Office	The Church Office
	St Saviour’s Church
	Woodbridge Road
	Guildford
	GU1 4QD
Website	www.st-saviours.org.uk
Primary Bankers	Lloyds Bank plc
	147 High Street
	Guildford
	Surrey
	GU1 3AD
Solicitors	Charles Russell Speechlys LLP
	One London Square
	Guildford
	Surrey
	GU1 1UN
Independent Examiner	Nigel Wyatt BSc FCA
	Wyatt & Co Chartered Accountants
	125 Main Street
	Garforth
	Leeds
	LS25 1AF

St Saviour's Guildford

Year Ended 31st December 2025 Trustees’ Annual Report

The Parochial Church Council (PCC) presents its annual report for the year ended 31 [st] December 2025, together with the independently examined accounts for the year.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Membership of the PCC:

St Saviour's Guildford

Year Ended 31st December 2025 Trustees’ Annual Report

Leadership Team

Day to day management of the church is delegated to the Rector, the Leadership Forum and the staff team.

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

OBJECTIVES & ACTIVITIES

PUBLIC BENEFIT

offering people the opportunity to gather together for worship, prayer and teaching at our range of Sunday services as well as our programme of mid-week meetings;
providing pastoral care in a variety of ways e.g. visiting the sick, supporting children and families with additional needs, running a parenting course, providing practical help to people in need and CAMEO, a fellowship and self-help group for people of retirement age;
delivering a discipleship programme through our network of Life Groups/PoDs and Alpha Courses;

St Saviour's Guildford

Year Ended 31st December 2025 Trustees’ Annual Report

offering imaginative programmes of teaching and discipleship to students, children, youth and students (including those with additional needs), in parallel with other relevant events and activities;
offering community outreach projects including a Baby Group and a Toddler Group, a befriending project (Community Angels) and meals for those in the community in need (Meals for You);
promoting and supporting mission partnerships with churches, organisations and people whose primary objective is to proclaim Jesus Christ, Saviour and Lord and who show the faith, love and hope of Christ in action at home and abroad.

To facilitate these activities, it is important that we maintain the fabric of the Church of St Saviour’s and the attached Church Centre buildings.

RISK MANAGEMENT

The PCC recognises its responsibilities for managing risk.

Principal Risks and Uncertainties

OPERATIONS

Drainage repairs in the church centre toilets
CCTV installations and upgrades for security and safeguarding purposes
Electrical improvements in church to support the welcome bar
LED / PIR work throughout the Church Centre, funded by grants
Complete Wi-Fi / network upgrade throughout
Replacement projector for church
5 year structural electrical check, with completion of recommended work, including repair of chapel lighting
All remaining work from the 2020 Quinquennial inspection (completed before the October 25 Quinquennial inspection)
General maintenance and jet washing of front paved area at front of Church and rear car park
Tap replacements in church centre toilets
All Church Centre windows serviced / repaired
Gutter and fence maintenance at Artillery Terrace

St Saviour's Guildford

Year Ended 31st December 2025 Trustees’ Annual Report

SAFEGUARDING

FINANCE

Reserves Policy

REMUNERATION

ACHIEVEMENTS DURING THE YEAR

St Saviour's Guildford

Year Ended 31st December 2025 Trustees’ Annual Report

connect with church. We are extremely grateful to the entire team of staff and volunteers who serve in these ministries every week.

Other 2025 key highlights have included:

23 attendees at the Bible Course in the Autumn term – helping to build confidence in our understanding of the structure, meaning and application of God’s word to everyday life.
A prayer week from 12 – 18 October with a particular focus on evangelism.
Children’s Holiday Club from 28 – 30 October with c. 90 children attending, of which around 70 were from families who are not members of St Saviour’s.
The summer Trekkers Festival, which continued to build community and offer new families the opportunity to connect with our vibrant additional needs ministry.
Justin Brierley speaking on 11[th] November on “The Surprising Rebirth of Belief in God” – reflecting on this season of “Quiet Revival” which is spreading across the country, particularly amongst young people.
Our thriving POD groups, providing a space for c. 230 church members to meet in small groups

St Saviour's Guildford

Year Ended 31st December 2025 Trustees’ Annual Report

Changes in Staffing

2026 will be a year of change as we prepare for the next phase of our journey together. We will be saying goodbye to:
Annabelle Varley – our Director of Children, Youth & Families ministry, after many years of service
Adrian Mansfield – our Director of Operations, who will be retiring
Jacob Boxall-Taylor – our Production and Creative Lead, who will be focusing on his own business

LOOKING TO THE FUTURE – OUR VISION AND KEY CHURCH PRIORITIES

Equip - To equip our diverse, multigenerational church community to follow Jesus wholeheartedly in every season of life.

Sunday services, including preaching, teaching, worship and prayer.
Discipleship in small groups.
Connecting those at a similar life stage, or with similar interests, for community and spiritual growth.

Invest - To invest in the emerging generations (0-30) to help them become lifelong disciples of Jesus who will impact the wider church and the world for generations to come.

We will therefore:

Build community amongst emerging generations for friendship and support.
Encourage confident disciples committed to speaking about faith.
Support parents and carers in nurturing faith in their children.
Invest in paid staff roles and develop lay leaders to support 0 - 30s.
Engage the whole church family in supporting and championing the emerging generations.

Transform - To play our part in transforming Guildford, and especially our parish, by offering Jesus’ light and hope.

Matthew 5:16 says: ‘In the same way, let your light shine before others, that they may see your good deeds and glorify your Father in heaven’.

St Saviour’s seeks to offer Jesus’ hope and light to Guildford, especially to those who live and work in our parish.

We will therefore:

Equip our church family to be catalysts for transformation at home, at work and in the Community.
Build relationships within the local community, responding to the needs and opportunities that arise.
Shape missional church activities so that people have an opportunity to meet with Jesus.
Build partnerships with other churches and organisations jointly to pursue community Transformation.

St Saviour's Guildford

Year Ended 31st December 2025 Trustees’ Annual Report

pulling in the same direction, there is appropriate collaboration between different ministry areas and so we can chart our progress.

Equip

Empowering and releasing leaders across all our ministries at church, including piloting a leadership development training course in October and November.
Growing healthy disciples who nurture other disciples.

Invest

Investing in the sustainability of our ministry to students and young adults.
Extending opportunities for everyone to be involved in ministry to the emerging generations.

Transform

Develop and implement an evangelism strategy.
Assess and prioritise opportunities to engage with the local community.

FINANCIAL REVIEW

St Saviour's Guildford

Year Ended 31st December 2025 Trustees’ Annual Report

TRUSTEES’ RESPONSIBILITIES

Select suitable accounting policies and apply them consistently.
Make judgments and estimates that are reasonable and prudent.
Prepare financial statements on the ongoing concern basis unless it is inappropriate to presume that the trust will continue in existence.
State whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;

Signed on behalf of the Trustees……………………………………………………………………………………………….

Name of Trustee ………………………………………………………………………..………………………………………..

Date:……………………………………………………………………………………………………………………………….

St Saviour's Guildford

Year Ended 31st December 2025

Independent Examiner’s Report

I report to the Trustees on my examination of the financial statements of St Saviour’s Guildford ('the charity') for the year ended 31[st] December 2025.

Responsibilities and Basis of Report

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

Independent Examiner's Statement

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 (ICAEW), 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:

accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.

Nigel Wyatt BSC FCA Date:

Independent Examiner

125 Main Street

Garforth

Leeds

LS25 1AF