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2025-12-31-accounts

HOLY TRINITY CHURCH BRAMLEY PAROCHIAL CHURCH COUNCIL

Registered Charity No. 1128620

ANNUAL REPORT

and

FINANCIAL STATEMENTS

For the Year Ended 31 December 2025

Incumbent

Vacancy 1.1.25 to 15.1.25

Revd William Davie from 16.1.25

Bankers

Lloyds TSB 147 High Street Guildford GU1 3AG

Independent Examiner

Colin Holloway

Tanhurst

High Street, Bramley GU5 0HS

HOLY TRINITY CHURCH, BRAMLEY PAROCHIAL CHURCH COUNCIL ANNUAL REPORT FOR 2025

Administrative Information

Holy Trinity Church is situated in Bramley High Street. It is part of the Diocese of Guildford within the Church of England. The correspondence address is: Parish Office, Holy Trinity Church, High Street, Bramley GU5 0HD.

GOVERNANCE

PCC Membership for year 2025

Incumbent

Vacancy 1.1.25-15.1.25 Revd William Davie from 16.1.25

Wardens

Mrs Suzanne Oldrey Mrs Catherine Ingram Smith

Representatives on the Deanery Synod

Mrs Barbara Mintz Mrs Suzanne Oldrey

Elected Members

Mr Richard Gates Mrs Jill Mussett to 4.5.25 Mrs Sue O’Connell to 4.5.25 Mr Peter Williams Mr Richard Mills from 4.5.25

In attendance

Mrs Monica Snelling

Structure, Governance and Management

The method of appointment of PCC members is set out in the Church Representation Rules. All church attendees are encouraged to register on the Church Electoral Roll and stand for election to the PCC.

Objectives and Activities

The PCC has the responsibility of co-operating with the Incumbent in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for all the Church buildings, and 7 Park Drive

Public Benefit

The PCC, as Trustees, have had regard to the Charity Commission’s public benefit guidance. Holy Trinity promotes the advancement of religion for the public benefit by the provision of regular church services and other activities open to all and contributing to the spiritual and moral education of both adults and children. The church was open daily to all for private contemplation and prayer. The Parish Room was available for church use and for the community.

Church Attendance

There were 44 Parishioners on the Church Electoral Roll at the end of 2024, of whom 5 are not resident within the Parish. The average usual Sunday attendance was 27 adults. These figures do not include boarding pupils of St Catherine’s School, who attend in term time and whose average attendance is 80.

PCC activity

The PCC met 6 times with an average attendance of 89.8%. The Finance Sub-Committee met between PCC meetings and reported to the next PCC meeting.

FINANCIAL REVIEW

A comprehensive review of the PCC’s finances was undertaken in January 2023 and action agreed by the PCC, both short and long term, to address the problem of the continuing General Fund deficit, made worse by a significant increase in energy costs. The level of the Parish Share at £75,000 in 2024 was unsustainable in the longer term but it should be noted that some £65,000 of this is the contribution towards clergy stipends, pensions, housing and training - that is the cost of having a full time Vicar. For 2025, with the coming back together of the Parishes of Holy Trinity Bramley and St Andrews Grafham as a United Benefice Parish Share reduced to £65,000 for 2025

The annual 31.12.25 revaluation of investments saw the value increase by £13,816 compared with 31.12.24.

Support of the Parish Giving Scheme was maintained with the majority of donors opting for an annual inflationary increase in their donations. This is much appreciated. Those generous donors with fixed standing orders or who use the weekly envelopes scheme are encouraged to switch to the PGS scheme, which improves cash flow and reduces administrative work considerably. Some standing order donations have remained unchanged for some years. During 2025 sadly some standing orders and PGS donations ceased through deaths or leaving. No legacies were received in 2025.

The analysis of income and expenditure which is a later part of this report shows some ups and downs, but no major surprises. As noted above, most forms of regular giving have held up in cash terms, but there were some deaths and departures. Unfortunately, as in previous years,

regular giving did not increase in line with inflation. Rent of 7 Park Drive improved with a regular tenant and a higher rent. Expenses were kept under control. A receipt from ASDA of £10,000 in compensation for the petrol pollution and its effect on access to the church and village and the added difficulty of achieving a tenant for 7 Park Drive was welcome. There was, however, nevertheless a deficit of £5,122 on the General Fund (unrestricted funds) in 2024. (2024 deficit £21,511).

The balance sheet shows an apparently healthy level of total funds at £1,104,860 (2024 £1,79,386). It must be noted however that, unless the Diocese and the Charity Commission (supported by the PCC) agree otherwise (as they have done in the past to allow the urgent electrical work to be undertaken), we are entitled to only the income from our endowment funds, and that only for the restricted purposes of the individual endowment funds. The breakdown of the balance sheet at end 2024 is:- Unrestricted £0 (2024 £0), Designated £15,189 (£14,503), Restricted £558,285 (£550,281) and Endowment £531,384 (514,601)

The income from the Hamilton Memorial, Maintenance Endowment Fund, and various small endowment funds are restricted to particular uses as determined in the endowments. Various other Funds, including Bells, also have their use restricted to particular purposes, but are not endowment funds. Details of all investments, which are regularly reviewed, are shown in the attached balance sheet.

Looking ahead, challenging financial circumstances remain in 2026. Parish Share and other expenses will likely increase in line with inflation, which is expected to be at least 3% in 2026 on average. There has been a welcome, but not huge, reduction in our energy costs. The decrease in the General Fund reserve to zero means that urgent action is needed if we are to meet day-to-day expenses without using the restricted funds in the Buckingham Fund as now permitted with PCC approval. As noted above, this is being addressed by the PCC.

Reserves Policies

The reserves indicated as Unrestricted in the Balance Sheet are for the general purposes and mission of the PCC and are also held to provide for contingencies in the running costs. The reserves, as noted above are currently zero, however Buckingham Restricted Funds (currently £461,681) are available, subject to annual agreement of the PCC, to cover any deficits in the General Fund and can therefore be regarded as a working reserve. Apart from Buckingham, Restricted Reserves held in restricted funds are for the purposes of those funds only. Designated Reserves held in designated funds may be re-designated, including to general purposes, upon resolution of the PCC.

Other Policies

The PCC or its committees have reviewed policies relating to Child Protection, Safeguarding and Health and Safety. The PCC is insured with the Ecclesiastical Insurance Co. under the Diocesan group insurance scheme.

GENERAL NOTES ON ACCOUNTING POLICY FOR THE YEAR ENDED 31 DECEMBER 2025

The PCC has various related trusts, notes on which are included in this report . The trustees of the Hamilton Memorial Trust are the Vicar and Churchwardens, and the trustees of the remaining trusts are generally collectively the members of the PCC. The PCC is consulted on and approves the activities of the trusts, receiving advice from the Finance Committee comprising in 2025 Revd William Davie (Chairman), Sue Oldrey (Churchwarden), Catherine Ingram Smith (Churchwarden), Murray Campbell, Richard Gates (Treasurer), and Monica Snelling (Parish Administrator)

Accounting Policies

The Accounts have been prepared in accordance with the Charities Act 2011, Church Accounting Regulations 2006 together with applicable accounting standards and the Charities Standards of Accounting Practice (SORP 2015).

The financial statements have been prepared based on receipts and payments and under the historical cost convention except for the valuation of investment assets and liabilities which are shown at market value at 31 December 2025 (or nearest trading date prior to that). The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of informal gatherings of church members.

Funds

Endowment funds are funds, the capital of which must be maintained and therefore in principle is not available to the PCC (in the case of the Hamilton Memorial Fund and the Maintenance Endowment Fund, up to 2/3 of the capital may be borrowed, but must be repaid before any income can subsequently be used). In certain circumstances the Charity Commission may, upon the formal request of the PCC, grant permission for capital funds to be spent. Income arising from an endowment fund may be used either as restricted or unrestricted funds depending upon the purpose for which the endowment was established. Investments for endowment funds (including 7 Park Drive as property, although not an endowment) are held by Guildford Diocese Central Board of Finance as Custodian Trustee; however, income from those investments is paid directly to the PCC. Investments may be changed following a recommendation from the Finance committee and a resolution from the PCC. In 2025 M&G closed their Charibond Fund and the proceeds from that enforced sale were reinvested in the M&G Charifund. There were movements between Funds to align the cash position. Details of all funds are attached to this report.

Restricted funds represent (a) income from trusts or endowments, which may be expended only on those restricted objects in the terms of the trust or bequest and (b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object and any balance remaining unspent at the end of each year is carried forward as a balance on that fund for use in future years.

Designated funds are unrestricted funds nominally set aside for specific purposes by the PCC. Designations can be changed by the PCC.

Unrestricted funds are general funds, which can be used for PCC ordinary purposes.

Incoming Resources: Planned giving, collections and donations are recognised when received. Tax refunds are recognised when received and claims are made quarterly, except for the Parish Giving scheme where Gift Aid is received monthly. Grants and legacies are accounted for when the PCC receives the amounts due. Dividends and interest are accountable when received. All other income is recognised when it is received.

Resources Expended: Grants and donations are accounted for when paid over. The Diocesan parish share is accounted for when paid. All other expenditure is recognised when it is paid.

Fixed Assets Consecrated and benefice property is not included in the accounts [Charities Act 2011].

Moveable church furnishings are held by the Vicar and Churchwardens on special trust for the PCC. They require a faculty for disposal and are inalienable property, listed in the church’s inventory, which can be inspected at any reasonable time. For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. The Value of all Tangible Fixed Assets purchased has been written off.

PCC Expenses

During the year, no material expenses or other benefits were paid to PCC members.

. Signed On behalf of the PCC Dated

Independent Examiner's Report to the PCC

This report on the accounts of the PCC for the year ended 31 December 2025, being pages 1 to 5 above, is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 (the Regulations) and s.145 of the Charities Act 2011(the Act).

As the members of the PCC, you are responsible for the preparation of the accounts; you consider that the audit requirements of s.144(2) of the Act do not apply. It is my responsibility to examine the accounts and issue this report on these accounts in accordance with s.145 of the Act and the Regulations.

I report in respect of my examination of the Trust’s accounts 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)9b) of the Act.

Independent Examiner’s statement

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

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

  2. The accounts do not accord with those records; or

  3. The accounts do not comply with the applicable requirements concerning the form and content of the 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.

Signed

Name Colin Holloway

Date

Balance Sheet as at 31[st] December 2025

As at 31/12/2024 As at 31/12/2024 As at 31/12/2025
£ £
Fixed Assets
Tangible Assets
(7 Park Drive)
450,000 450,000
Investments (Note 1) 580,521 594,336
_ _
1,030,521 1,044,336
Current assets
Cash at Bank and in hand (Note 2) 48,865 60,524
Net current assets 48,865 60,524
Liabilities 0 0
Total net assets less liabilities 1,079,386
1,104,860
Represented by:-
Unrestricted General Fund
0 0
DesignatedToddlers Fund 201 1,098
Bramley Music
1,963 1,796
Families 12,326 12,066
Parish Lunches
13 14
Buckingham 0 217
RestrictedBells 3,036 2,985
(Note 3) Fabric 2,496 7,551
Hamilton Memorial 26,324 31,929
Maintenance End’t 49,387 51,848
Pim Trust 1,243 1,761
Other small funds 408 528
Buckingham 467,387 461,682
Endowment Hamilton Memorial 102,912 101,584
Maintenance End’t 388,115 405,753
Pim Trust 8,245 9,283
Other small funds 5,501 5,308
Endow’t Gen Purpose 9,829 9,457

1,079,386 1,104,860

Note 1

CBF income 393,798 378.055 M&G Charibond 28,432

M&G Charifund 158,291 216,281

Value at : 31.12.24 £580,521 31.12.25 £594,336

Full titles : The CBF Church of England Investment Fund – Income

shares (CCLA managed)

Charibond - Charities Fixed Interest Common Investment

Fund (Charibond) (M&G managed)

Charifund The Equities Investment Fund for Charities (Charifund) (M&G managed)

Note 2

CBF CCLA Deposit Account 33,408 35,068
Cash at Lloyds Bank current account 1,975 9,408
Agency adjustment 0 17
Lloyds Deposit 13,044 15,633
Cash in hand 438
398
Total 31.12.24 £48,86531.12.25 £60,524

Note 3

Restricted funds with the same name as endowment funds represent the accumulated unspent income from the associated endowments.

Agreed by Bramley Parochial Church Council on

and signed on its behalf by

Revd William Davie (Chairman)

Date

Statement of assets by Fund at 31.12.24

Note – in the case of Endowment funds, accumulated unspent income, which is available for the purposes of the fund, is shown separately from the endowment assets, which are not available. These accumulated unspent funds are either - 1. Unrestricted (use for any purpose), 2. Designated (for a particular purpose, but may be re-designated), or 3. Restricted (only for the purpose of the fund)

Bells £ £ Total Restricted 2,985 Represented by: CCLA Deposit Account 2,985 Total 2,985 Bramley Music Total Designated 1,796 Represented by: CCLA Deposit Account 1,777 Cash in hand 19 Total 1,796 Buckingham Designated Total Designated 217 Represented by Bank current account 217 Buckingham Restricted Total Restricted 461,682 Represented by: CBF Income shares 11,569 7 Park Drive 450,000 Bank Current account 113 Total 461,682

Note: income is direct to General fund

Endowment (General Purposes )

Total Endowment

9,457

Represented by: CBF Income shares 8,924 CCLA Deposit account 533

Total 9,457

Note: Endowment GP income is direct to general Fund

Fabric (formerly Dick Whalley Memorial)

TotalRestricted 7,551
Represented by: Bank Deposit Account 2,720
Bank Current account 1,817
CCLA Deposit Account 2,243
Cash in hand 110
CBF Income shares 661

Total 7,551

Families
TotalDesignated 12,066
Represented by:
Bank Deposit Account
12,066
Total 12,066
Hamilton Memorial
TotalRestricted 31,929
Represented by: CCLA Deposit account 15,307
CBF Income shares 16,176
Bank Current account 446
Total31,929
TotalEndowment 101,584
Represented by: CBF Income shares
70,861
M&G Charifund 22,615
CCLA Deposit account
8,000
Bank Current account 108

Total 101,584

Maintenance Endowment

TotalRestricted
Represented by: CBF Income shares
CCLA Deposit Account
Bank Current account
Total
TotalEndowment
Represented by: CBF Income shares
M & G Charifund units
Cash in Hand
Total
51,848
45,823
1,732
4,293
51,848
405,753
219,246
186,636
(129.12)
405,753
Other Small funds
TotalRestricted
Represented by: Bank Current account

CCLA Deposit Account

Cash in hand

CBF Income shares

Total

TotalEndowment
Represented by: CBF Income shares
4,639
Bank current account
207
CCLA Deposit Account 409
Cash in hand
53
Total5,308
Parish Lunches
TotalDesignated
Represented by: Cash in hand
14
Total
14
528
211
19
144
154
528
5,308
14

Pim Charities

TotalRestricted
Represented by: Bank Current account

Bank Deposit account
Cash in hand
CCLA Deposit account
Total

TotalEndowment
Represented by: M & G Charifund units

Bank current account

CCLA Deposit Account

Total
Toddlers
TotalDesignated
Represented by: Bank Current account
Total
1,761
627
848
187
99
1,761
9,283
7,030
290
1,963
9,283
1,098
1,098
1,098

General Fund

Total Unrestricted

Total all funds

0

1,104,860

For information

Charities and Organisations supported in 2025

Cathedral d
RCM c
St Andrews d
Guildford Guild of Bellringers d
Phyllis Tuckwell c

Helping Hands c
Bishop’s Foundation cc

Christian Aid c
Halow Project c
CBM UK c
Total
£
20
909
1003
200
169
100
534
547
355
750
5,145

Annotations: c-Concert, cc-Church collection, d-direct PCC donation.

Compares with £3,644 in 2024

Please note these figures do not necessarily directly correlate with the published accounts - the above figures include support given when the charity has collected the money directly or been paid directly rather than through our accounts. There may also have been further unrecorded donations.

Holy Trinity Bramley Statement of Financial Activities For the period from 01 January 2025 to 31 December 2025

Previous year Unrestricted Designated Restricted Unrestricted Designated Restricted Unrestricted Designated Restricted Unrestricted Designated Restricted Unrestricted Designated Restricted Endowment Total Endowment Total
Income and endowments from:
Donations and legacies 54,344 1,548 5,000 60,892 56,846
Income from charitable activities 5,187 50 5,237 4,816
Other trading activities 2,401 234 2,635 3,650
Investments 18,523 315 23,826 42,665 34,262
Total income 80,457 2,148 28,826 111,431 99,576
Expenditure on:
Raising funds 193 500 693 491
Expenditure on charitable activities 85,386 960 12,602 98,950 118,954
Total expenditure 85,579 1,460 12,602 99,643 119,445
Gains / losses on investment assets (3,097) 16,783 13,685 11,795
Net income / (expenditure) resources before transfer(5,122) 687 13,126 16,783 25,474 (8,074)
Transfers
Gross transfers between funds - in 8,552 881 8,713 7,697 25,845 90,730
Gross transfers between funds - out (3,429) (881) (13,836) (7,697) (25,845) (90,730)
Other recognised gains / losses
Net movement in funds 687 8,003 16,783 25,474 (8,074)
Reconciliation of funds
Total funds brought forward 14,502 550,281 514,601 1,079,385 1,087,460
Total funds carried forward 15,189 558,285 531,384 1,104,860 1,079,385

Holy Trinity Bramley

Analysis of Income and Expenditure

For the period 1 January 2025 to 31 December 2025

Income and endowments

me and endowments
Donations and legacies
0101 - Gift Aid - Bank 26,179 26,179 30,193
0110 - Gift Aid - Envelopes 2,800 2,800 2,600
0201 - Other planned giving 960 960 960
0301 - Loose plate collections - services 5,462 5,462 4,781
0302 - Loose plate collections - 187 187 100
weddings/funerals
0501 - One-off Gift Aid gifts - services 502 502 338
0502 - One-off gift aid gifts 20 20
weddings/funerals
0550 - Donations appeals etc 1,533 1,500 3,500 6,533 5,999
0601 - Tax recoverable on Gift Aid 6,700 6,700 10,373
08A1 - Non-recurring one-off grants 10,000 10,000
0901 - Parish Lunches 48 48
0905 - Fabric Fund Collections 1,500 1,500 1,500
Donations and legacies Totals 54,344 1,548 5,000 60,892 56,846
Income from charitable activities
1101 - Fees for weddings and funerals 1,529 1,529 1,991
1210 - Bookstall sales to promote 70 70
objectives
1230 - Church hall lettings - objectives 3,588 50 3,638 2,824
Income from charitable activities 5,187 50 5,237 4,816
Totals
Other trading activities
0902 - Piano fund Income 247 234 481 1,981
0906 - Coffee Stop 147 147
0910 - Cake and Plant sale 2,007 2,007 1,604
1220 - Bookstall sales - fund raising 20
1240 - Church hall lettings - fund raising
45
Other trading activities Totals 2,401 234 2,635 3,650
Investments
1001 - Dividends 327 216 22,224 22,768 21,653
1020 - Bank and building society 122 99 1,601 1,823 2,043
interest
1030 - Rent from lands or buildings 18,073 18,073 10,565
Investments Totals 18,523 315 23,826 42,665 34,262
Income and endowments 80,457 2,148 28,826 111,431 99,576
Grand totals

Expenditure

Expenditure
Raising funds
1740 - Bank charges 5 5
2311 - Parish Room expenses 187 500 687 491
Raising funds Totals 193 500 693 491
Expenditure on charitable activities
1850 - Home mission 1,557 1,557 822
1870 - Secular charities 269 200 469 281
1910 - Ministry parish share etc 65,295 65,295 74,513
2101 - Working expenses of incumbent 215 215
2130 - Parsonage house expenses 580 580 2,397
2150 - Vicar's telephone 616 616 458
2301 - Church running - insurance 309 2,784 3,093 2,941
2310 - Church office - telephone 458 458 450
2320 - Organ / piano tuning 435 435 1,648
2330 - Church maintenance 1,627 3,026 4,653 5,362
2331 - Cleaning 3,028 3,028 2,928
2340 - Upkeep of services 7,787 450 8,237 7,941
2350 - Upkeep of churchyard 119 1,709 1,829 490
2360 - Administration 2,831 75 2,906 3,525
2401 - Church running - electric 1,909 949 2,858 3,009
2410 - Church running - gas 1,809 904 2,713 3,562
2840 - Other PCC property upkeep 8,621
Expenditure on charitable 85,386 960 12,602 98,950 118,954
activities Totals
Expenditure Grand totals 85,579 1,460 12,602 99,643 119,445

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