Charity number: 1128863 Saffron Walden Paroehial Church Couneil Trusts¢s' Report and Finaneial Statements For the year ended 311)e¢ember 2025 Addres8 St Mary's Chuwh Church Path Saffron Walden Essex CBIO IJP Independent Examiner B¢ntens Abbey House 51 High Stre¢t Saffton Walden Essex CBIO IAF Bankers Barclays Bank Pl¢ Leicester LE87 2BB Page N 2to4 Annual R¢port Jndependent Exaler'S Report to the Tnlstees Ststsm¢nt of Firtancial Activities Balance Sheet 8t016 Not¢s to the Financial Statements
SaffroD Walden Paroehi81 Chureh Council Annual Report For the ear ended 31 Dcccmber 2025 Report of the trusttts for tbe year ellded 31 December 2025 The trnstees present their annual report and financial statements of the ¢harity forthe year ended 31 December 2025. The rjnancial statements have been prepared in a¢¢ordanee with AccorlntiO and R¢p)rttng by Charities.. St&t¢m¢nt of Recommended Practice (SORP) appli¢abl¢ to ¢horities prepariJ)g th¢ir a¢¢ounts in accordance with the Financial ReportiDg Standard applicable AQ the UK and Republic of Trelalld (FRS102) (second edition of the Charities SORP (FRS102) October 2019 effective L January ?019), the Finaucial R¢portillg Standard appli¢abl¢ iti the Unit¢d Kingdom and Republic of treland (FRS102) and the Charities A¢12011. Thefinancial statements hav¢ been preparedto give a.true and fairf, view andhave departed from theChariti¢s (Accoun and Reports) Regulations 2008 only to the extent required to provide a"tNe and fair view". This departur¢ has involved following Accounting and Reporting by Charities.. Statement of Recommended Practi¢¢ {SORP) appli¢abl¢ to chariti¢s preparingthelra¢¢ounts in accordance with the Financial Reporting Standardapplicable in the UK and Republic of ITeland (FRS102) Ise¢(>nd edition of the Charities SORP (FRS102) October 2019 effective l January 2019) lather than the Ac¢ounting and R¢porling by Chatities.. StatementofRecommeDded Practice effective from l April 2005 whicbhas since been withdrawn. Objeetives nd aetivities for tbe publi¢ benefit St Mary's in Saffron Walden is the town ceDtr¢ wbi¢h 05 well as being uscd for regular worship througbout the week is used for civic and oth¢r 5peci81 serviees and concerts. The PCC is committed to bringing many people as possible to worship at our¢huh and to becomepartofour church commuoity at St M2ry's. The church has many groupy and activities. Our worship expressed in prny¢rand scripture. music and sa¢rarne is celltralto who w¢ are and what we The PCC is also cornmitt¢d to and offers financial support to the local church school, St Mary's Primery School. The TnLSte¢s keep in mind the Charity Cornmission's guidance on public benefit when planning the activities forth¢y¢ar. Activities and p¢rformanc¢ A wide range of s¢rvi¢¢s is offered durinu the week 8nd throughoutthe year. Aswell tt5 OUT regular services at St Mary'4 we enable our Community to ¢elebrate and thank God throughout their journey through life- at baptisms. weddings and fiJneral5. The cunrnt Electornl Roll was completed in Mar¢h 2025, when th¢re were 231 parishion¢rs of whom 30 were non- restdent. The averdge usual Sunday attendallC¢S during 2025 at St M8ry's and its d&ugbter ¢hur¢hes. wa$ 177 adults. (The uumber of chiléren varies substantially depending on th¢ servi¢¢). Numbers are COttSLdeiably increased at fe5tiva]s. ott¢ service eacb Sunday continue5 to b¢ liv¢streamed OJ) You Tube. No faculty applications were submitted in 2025. Buildings Dev¢lopm¢nt and Cgplt81 Projects Due to the geTJerous level of donations received and following a number of successful grant applications-with particular thanks to the Friends of St Mary's- we managed to fijlly fi]nd the Lighting Project by June 2025 and work commenced in early August. Som¢ 45•h of the new lights were in place in time for our Christma5 services and by the time thi5 report was sign¢¢ the project had been substantially cojnpleted. Finanei#l Revlew Th¢ balance sheet for all funds shows a decrease of £63.442 from £967,912 to £904.470 ai the end of 225. Excluditig uJ]realis¢d losses on investments of £4,868, the net decrease for the year was £58,574. This decrease is mainly due to expendiDJre on the Lighting Project (Fabri¢ Fund). Expendilure on the proj¢ct am¢)unted to £170,060 in the year, whi15t donations, grants and VAT recoveries on the proje¢t amowited to £137,063. Excluding unre8li5ed losses on investm¢nts and depreciation. the surplus on the Generdl fiTnd amounted to £9,677 in 2025. As ]n¢ntioned in last year's report, th¢ PCC, ai its meeting on I I September 2024, designated £IOO,O(X) of the Fabric Fund for ihe North Aisle Roof & Quinquennial work and £84,000 of the G¢n¢ral Fund serveS for known futtjre ¢apitsl proj¢¢ts as follows.. £20.(M)O for the Nave Altar projec( £10,000 for the Organ full £10,000 for the refurbishment 0£ the parish rooms and £44.IIJO for the Lighting Project. These designated funds will be used as alld when required. Pas¢ 2
The revaluation of investments at 31 December 2025 result¢d in an unreali5ed loss of £4,868 (2024- £2.726 gain). Fixed assets were depreciated by £10,887 C024: £10,887). A provisioty for fees of £2.000 (2024.. £1,900) has been included ij) these aCCoLts for the independent examinatLOll. Contributions towards the Parish Share from St Jame5 Sewards olld St John's Little Walden Amounted 10 £4,074 (2024.. £4.050) and £3264 (2024.. £3,245) respectiwely. Once agatll. the continued generosity of PlSl0n¢[S through the stcwordship schernes and local fundraising activities enables the PCC to continue planning with confidence. The PCC reviews the activiti&s of the parish and considers and mitigate5 the major risks that may arise from time to time. The PCC wtll continue to review the risks on an on-going basis. Investment Policy The PCC'S Policy is to plac¢ SUTplus working capital in interest bearing bank deposit account5 and the CBF chUh of England D¢posit Fund. Regarding longer tem funds, including those to be h¢ldp¢rFnanently (e.g. the endowznent funds). th¢ policy is to hold the funds in the CB Tr Church of England Investm¢nt Fund, which is managed by CCLA Investment Matlasement Ltd. Ittvestmellts are reviewed periodically by th¢ Finance Committee. Reserves Policy The PCC'5 Policy, which is reviewed atwually, is to maintain free cash reserves equival¢nt to 3 months of total budgeted expenditure (around £66k for 2025). The policy is to retain exce55 free reserves ulltil requir¢d for material capital expenditure to be approved by the PCC. Totsl 'free re5erve5' at 31 Decejnber 2025 amounted to £192k but are substantially reduced to £108k after the designations to specific capital projects as nored abov¢. Going Concern The Tn]st¢es have approved a budgeted deficit of £9k ftjr 2026 and ¢very ¢ffort will be made to reduce ihis during the year. As noted above, 'free reserves, amounted to £I08k at 31112125, well ID excess of the budg¢ted deficit. For this reason the Trustees colltinue to adopt the going conc¢rn basis in preptritig th6 ftcal statements. Grallts (outward giving) Poliey The PCC supports a small nutnber of charitable entities (both ot home and OYSed&), itieluding the locat chch of England Primary School in Saffron Walden. The aim is to give between 5 and I0 of planned giving. Tb¢ arDounts aj recipients are reviewed annually. In addition. special colle¢tions ore h¢ld from tim¢ to time. to suppo¢ for example, DEC appeals and the uttlesford Foodbank. Plans for the fllture The PCC is aware of a number of majorprojects that n¢ed attention overthe coming years. Th¢se 7nclude the Nave Altar. the refurbishment of the Organ. the Audley Tomb and the north aisle roof. Progress on all these will d¢pend upon our ability to rdise the necessary funds. W¢ want St ?,S to flourish in its important role as the parish church forthe iown of Saffron Walden: to b¢ at the heart of community life and to be an attractive place for visitors. Structure? governan¢¢ 2nd management The Parochial Council is a ¢orpornt¢ body established by the Church of England. The PCC opernt&s under the Parochial Church CouncTI Powers Measure and 15 a Registered Charity. All PCC rneTnb¢TS are trustees. Representstives of the laity ar¢ elected by members ofthe ele¢loral roll atihe Annual Parochial Church M¢eting for a3 yeartemi. Together with the clergy, ¢hur¢hwardens and ¢o-opi¢d m¢mb¢r5. rh¢y form the PCC. The parish of Saffron Walden. which iticludes its daugbter ehurche4 St James Sewards End and St John Little Wald Is governed by the PCC, under the chairmanship of the Revd Jeremy Trew. The PCC members are responsible for making decisions on allmatters of general concern and importaoce to the p8ri5h including decisions on how funds of the PCC are spenL Civen its wide respoA]sibiEities, the PCC has a numberol¢ollllnittees, each dealing with aparticularaspect of parish lif¢. These COnlItee5, for exap]e, Worship, Children & Yout& Prayer. Property, Finance etc 2r¢ all r¢spon5ibl¢ to the PCC and report back to it regularly with minutes of their meetings being reviewed by the fijll PCC and discussed as necessary. The PCC met six time5 during the year. PJg¢ 3
During the year the following seryed as rn¢mber5 of th¢ Pan)ehi741 Chur¢h Cowncil: Ckrgy: Reyd Jeremy Tr¢w, Chairn)an, R¢vd Ella Harri5, Revd Hilary Walker. Rcvd Lynda Sebbage (frorn May 2025) Churthwardens: Simon Potter. Vivian Falk Other members: Marisa Baltrock Rufi Barnes (from May 2025) David Birchall {Treasurer) Lisa Brook Gill Caswell (Deancry Synod Member) Bronwen Ferland Richard FTo¢man (Deanery Synod Memlxr) Gillian Gibson (from M8y 2025) Edward Gildea {to May 2025) Judith Hasler {S¢wards End Representstive) Stev¢ Hasl¢r Martin Hugall Patrick Li Aa Martin (Deancry Syn(Ml Member) Shawn Martin (Deanery Synod MembEr) Helen N2sh ILittle Walden Representative) Tracey Nicholls Robin O'Neiil Jan Siewertsen (from May 2025) Noel Statr Co-opted member.. Oliver King (Dir¢ctor of Music) ststement of Tru5tses' R¢$ponslbilltles The charity trSteeS are respollsible for preparing a trustees, annual report and fall¢la1 statejnents in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Genetally Ac£epted Accounting Practice). Th¢ law applicable to chariries in England and Wal¢s requir¢5 th¢ charity trust¢¢5 to prepar¢ financial stat¢m¢nts for¢arh year which give a trne and fair vi¢w of ih¢ stste of affatis of the charity and of the incoming resources and application of sources, for that period. In preparing th¢ financial 5rot¢ments. the tn]stees are required to= select suitable accounting polici¢s and then apply ihem consistentty. ob8ervr the methods and principle5 in the appli¢abl¢ Charitzes SORP; mÈkejudgements and estimates that are re&sonable and PTud¢nt' Stsle whether applicable accountin£ standards have been followed. Subject to any material departure5 thatmu5t be diselosed and explained in the fillancial stalemcnts. pr¢paFe the fmancial statements on the going concern basis lUesS it is inappropriate to presume that the Charity will cotjtinue business. Th¢ trusrees are responsible for keeping proper a¢¢ounling r¢¢ords that disclos¢ with reasrJnabl¢ accura¢y at any time the finaneial position of the charity and to enabl¢ Ih¢m lo ensure ihat Ihe finanrial Siatem¢nts comply with the Charilies Act 2011. the appli¢able Charities (Accounts and R¢FK)rts) Regulations, and the provisions of lh¢ Trust deed. They are also responsible for safeguarding the a55¢15 of ¢h¢ ¢hariry and taking reasonable steps for the PEEvention and dete¢iion of fraud and other iffegularities. The trustees are responsible for the maintenance and integrity of the charity and fan¢tal infornlation included on the charity's website in a¢cordan¢e with legislation in the United Kingdom governiDg the preparation and disseminatiou of fjnancial statements. n bthalf of the P8rish by: Jeremy TTew Date: 18 March 2026 Pag¢4
Independent Examiner?s Report to the Trnstees For the year ended 31 December 2025 I report to the ¢harity thistees on my examination of th¢ arcounts of the charity for the yr Ended 31 D¢¢ember20. Responsibilities #nd basis of report A5 die ctwity's trustees you are responsibl¢ for th¢ prq)ar2tion of the aecolints in accordattce wlth the requirements of tiw Cljarities Act 2011 ('the A¢t'). I report io respect of my examinatlOD of the Charity's accounts cartied out under section 145 of the Act and in carrying out my exauLiaation I have followed all the app]lble Directions given by th¢ Charity Conllnission under section 145(5)(b) of the Act. Ind¢pendeMt Examiner's Ststernent Since the charity's gross in¢ome exceeded £250.000 your examiner be a mernber of a body lisd in se¢bon 145 of th¢ Act. I confimi that l am qualified to undertake the examination because l an7 a mernberof the Association of CharteTed C¢rtified Aerountants, which is one of th¢ listed bodies. I have Compl¢d my ¢xamillation. I conf]rni that no material matters have come to my aitention in connection with the examillation giving me cause to believe that in any material respect.. acwunting records were not kept in r¢sp¢¢t ofthe Charity 8s requtred by section 130 of the Act: or th¢ 4¢¢ounts do not accord wth those re¢ords' or the accounts do not comply with the applicable requirements Concerning the fo and content of accounts S¢t out in the Charities (Accounts and Reporrs) RegulaÉions 2008 other than any requirement that the awounts giv¢ a'true and faTV wew whtch is not a matter considered as part of an independent examination. I bavo no concen]s and have come a¢ros$ no oiber ]nauers ill cojjnection with the examination to which attention shoukt be drnwn in tbi8 report in order to enable a pr(pp¢r understattding of the accounts to be reached. This report is Jnade solely to the charity's Trustees, as a body, in accordamce with Part 4 of tho Chariti¢5 (Accounts alld Reports) Regulations 2008. My work has been undertaken so tbat I might state to th¢ charity's Trust¢¢s those matter5 1 am requiredto state lo thetn in an Independent Examinerf5 Report and forno other purp05¢. To th¢ fullest ext¢nt pemitted by law. I do not accept or &ssvme responsibility to anyone other than the charity and the charity'5 Trustses as a LKdy. for my work or forthis report. Signed- S WamerFCCA For and ots behalf of Bentens Chartered Certtfied Ac¢ountants Abbey House 51 Fligh St Saffton Walden CBIO IAF
Saffrott Walden Parochlal Church Counetl Statement of Financial Actfv5ties For the year ellded 31 Deeember2025 Restrfcted •nd illlrtslritttd Endowllt irftred Total Fund¥ Uirejtrlcted Endowthent FUD Furtds Totsl 2025 21124 Note frorn donabo]Js leIe5 Incom¢ fsom Charitable a¢i¢wities 220393 28,786 28.025 2,557 111.967 7.367 12.471 25.889 339.260 36,153 40,496 28.446 206,961 27.144 19,874 4,686 107,008 9.916 11.436 4.602 313,969 37,760 31.310 9,288 2b Cryh¢r incow 2d TolAI IBcom¢ 279.661 392 27 Exp¢nditurt Gronts Aclivities dirECttyrtiotÉn8 10 lh¢ work of the Chutt 38 6.681 10,179 8,130 4.714 11844 3b 269951 403 217.963 4,433 487.914 4.836 242.2(K> 419 50.892 6,69Y) 293.092 7.109 T11 Exptndtture 277 035 250 749 62296 313.045 Nettncomel(EwdRlure) beforeTrSTeTs 1626 1012DDI 158,5741 8.616 70,666 79282 Transfers bEtween fid5 Netllleome l (EIptndltirtl 8lld net movemtnl iTh btfott8alns 8Trd 2.626 1613001 15&574} &616 70.666 79282 CAins/ (105S¢51 OnInV¢wr 112311 12,6371 14.8681 1249 .477 1726 Net movementlll hllds 395 163.837 163.442) 9,865 72.143 82.008 Recontili4tiolloffulld5: Total fuwds broughtforwATd 590.144 377.768 967.912 580.279 305.625 885,904 Total fu4th urriEd fonFard 590.539 313.931 904.470 590.144 377.768 907.912 lthChedneSfvnNPartOAthE1¢JfftC[oIJlO1effieThI.
SatTron Walden Parochial Chureh Couneil Balance Sheet 31 Deeembtr 21125 2015 2024 No FiAedAsstts Tan8iblE fL'd 359eLs I}stm¢ts 294,065 124233 418298 304,952 4J3.733 CrrenT Asgcts Debtws Short Icrni d¢posits Cwh in hand 8,856 400,763 108.870 518.489 14,7( 165.264 571.130 Llabllliles: Amounts f*lllnE du¢ wlthiTh ODE year A951 etcrtA$Stts 486,172 534.179 Nei Aysets 904.47 967,912 iinds UJJte5tricled Fund5.' Rcv31uation RvseTre otr Untesiri¢ied Furtds Restricted and Endownlnl FUd% 193,929 396.610 193,929 396.215 377,768 io 904.470 967.912 App bythe PaYbla)ChurCh Coun¢ll on 18 Marth 2026 snd si8n&l on its b¢half by.. Jtrcmy TT¢ Chilrmi Bircli811 Trea$vr¢r The ollachedii0les/orinwrloJth¢sefiincia1S1Q1¥Nfii5. Pz8E 7
Sllffroll Wsldell Paroehial Chureb CouTrtil NTrtes to the FInaCial Statements For the year ended 31 De¢ember 2025 l A¢coundllg Policks ) ol prepArRtloo o(tlnaD¢l#l srgi¢meDtS Tttollcll1211on wlth prevlow Generally A¢eept¢d AtcollalI PCtIce 'rh¢ f1fiOiaI Sthl¢ments bave beenprcpar¢d undcrlbe luSriCal c051 convenliort wtth items recogAised ateostOT trgm58cllonvaiue Unl t)tberwisesIad in ther¢Jevalll nrfsl 10 thes¢ a¢¢ourtts. The fDwi¢ial sthiemetsts have b epgred tn aEcoidancewithAccouniin8 and Reporting by Chwiti¢s'. Staiemcntof Rc¢omm¢ndtd Practi¢e ISORPI applieabk lo tharities pP11n8 th¢ir llccounts in ac£ordanrc with the Financi Rcporting SLw]dard applicllblB in the UK 3nd Republic of treland ffRS 1021 (second lti0D of the Chariti¢S SORP (FR51021 Octobet2019 elf¢clive l Jollufjry20191 aRd the FiDBttciai R¢UlE Stllndllrd applicthlE the United alld Rcpvbli¢ ofhejand (FRS102X and the Chatili4S Ac12011. Th¢PCC C(511¢1¢S 8 public 1C[cj}tity defiDEO byFRS JO2. Ther¢ were 5i8nÉtsc4At e$liMa orjyd8emeftts made by managemr in prepillg these rtnamcid $erLs. ThtTrusl¢es hav¢ reviewed the finHnciaip05ition of thccharity the impartof the roronavi5 pandejnic and have aressonabl¢ ¢Xp¢cthtimthfhe Charity h&$ adequate r¢soutC¢5 to ¢orttinue iti opentioJJal existence forthefoiesce4bl¢ fuivr8. Accord81y. the fancial $tst¢mettts ¢oniiAue 10 b¢ pt¢pared on the going con¢em basts. b) ictouLtiDg- ¢n¢rd fimds iEPtesenl the Ojllds of the PCC tha¢ar¢notsubj¢ctio any restrictions r¢g3rdineLkniruse 8nd are availabl¢ forapplioation Dn the Ther81 purposes ofrh¢PCC. Funds desiBn8ted fora particularpurp05¢ tythe PCCar¢ 8150 unre5tyided. Rcstri¢trd reptcsent rE$ourtts ffceived tlloc4ied according to iimiiations on theIruslfd by doAOYS or other ptovidets. Eodtswmont fvnd capital is vested the income ari5ill8expEndEd accordaTrrewith the tenn50f the endowrnerrt. The2c¢ourtts ill¢lud¢aU &5sets and liabditie5 formthith thePCC ts rtspDn5iblE. Theydo not includE the a¢cowits ofchurch grnups that owe thew rRain affiliation lo anothErboOynor thD5c that Bathcrin8s of ChuictL FuTlherd¢taiL8 of re5tricled alld ejLdowmf fvnds ate setoutillno 8 to the ac¢c4mts. t) ILitym¢ recognitioll- ¥ol¥nlfjry iN¢ome axdclwriiableoc¢ivilies tncotne ECoLSd when th¢PCC hgs ttNirIffjKnt tothe fjJDth, it is probAbie thatthc incoTOe wiu b¢it¢¢ived the UllDunt of in¢ortwr¢¢eivabk can be mwured reliably. CoikctioD5 atFtrwwsed Wh 1ved byor on behr ofth¢PCC. Planllcdgivitsg rcceivable underwft&id is rEcolsd only whreceid. llleomB ttTecoverab]effleoveTransorgift doDatioTrs if recogwsedwhcllthE is TeC0U8ed. Or8nis w thc PcCarellCcojCd foi &$ 500n the PCC 1$ notiftcd of its Ic88i cnlidcmenrand thc amolinidu t4acy iTrCOtDe is yetwused 00 a ¢a5e by ca5¢ basis bUowinB theBrantofpiobatewb2JJ theathni5tratorl£¥ecutor fot Uje e$tatehas communic8tcd inwriting boththe amount and 5ettiementdate. ¥ncom¢ JBised fyotD fuodrtiSiDg events is a¢MUnt for5 tothc overHlliocom¢l¢Y¢l or th¢ PCC is ittduded within iometroTh dwilable activiti& Sa]¢5 of bookn Jnd rna83zioes from the Chvrdl books1 w¢ x¢ounl¢d for 855. olheropdlrylloM0 REllial income from th¢l¢lliDg of thw¢h pTerni i5 £08jgedhcll tPrt relltis due. Pag¢ 8
Sxffron Wldell Parochial Chwreh Coull¢il Notes to tthe Finaneial Statements For the year ended 31 DeE¢mber 2025 InGvnwfrom ltsyeslmews TrtterQStoTr fijnds held on dep05jt is included when receivable and the a01 c4n be mEHsured reliably bythePCC. thls 15 norrnally uwnnotifIcaliOll of the intercstpaid or payabl¢ by bank. Dlvideods ote tecogni8ed once the dividwd bc¢n decLved zrtifi¢8tionhas bt¢n tcctivd of1h¢di?jd& due. TLX recovErdbleim suEh irtcome i8 recoyjised on 8 fiscoj y¢ar basis. Gojyis thdlo&tÈs0fv InvÈsimenis Atl gain5 Jnd105sEswetskeD to thE SiatCOL¢nt of Ft&an¢iaJActivtiies 85 they ReI5¢d gain5 and I[SE5 ots invtttmeois arc ¢¢V18[¢ 8$ the difference betweBn sDles proceeds St openiDgmarkeLv21ueloipurch da if laietl. Unreaii5L'd saiS 3nd105ses are c31culated a5 the ditTerence bEtwren tbe nwketv4iue 3ttheyeErend and OP¢A¢D¥ market v31uE (or Purch dale later1. Reali5¢d uzttcaJi5rd and loss arecojnbincd thE Siatcjtteni of FinanctBiA¢iiviTie5. O) Expenditure rEIll•- AJI cxp¢nditur¢ ts accounted foronHD 4Ktuals b&%is. It]#ovgTrble VAT i5 ]ed aB8ifLStthe ¢xpenditurc Gron£F Grani$ donwion4 areRccaunted forvthn pd over.orwhert awthd, if an award crEatEsabitLdu¥oblrBaliollon thE Aciiviliei dirocily reloiing 10 lhe woTrktslihe cliurch Charitable 2ctivitie5 include au costs that dire¢tlyFelate tolhe nrk of the Church, th¢ltrdigruMin8La)sfs and cosLs ofThaintenanee 8nd rep1. Svpportcosrs snd governm¢ costs llre de¢med io rejats directly to the workofth¢ Lhurch. TJKParish shar£ isaccounled forwhettpayxble Any shzre unp3td at31 Decembcr li pmyithd far th¢ as an opcratical(thQJgh nota legall lifbility and is Shou as a cr¢diior tn th¢ blACe strRet. c031s Fundrnising costs coJnprisE thc cos15 Otrj]ng feiesand $8les hthl drE >tar. ¢1 FiJod Avts- colec101elddKdbIIdI1j$ststtd0bJe churelJfyrAl&hAngJ CoDs¢¢ratcd and beneficed property is axGludd from th¢ a¢counts bySc¢¢ion I2xa) of th¢Ch8tili¢S A¢t2011. Novll]upi5 placed on mov¢abte church furnishings hEIO bythechurch wardens on 5pccial thJsE ts th¢ PCC and whiGh sequ¢ afa¢uJty fordisw>sal since thEPCC considets this 10 be inajienable ptop¢rty. Al ¢xpLmdiiure UJ¢Ur0 1 theJEaroneimsecrJted or ben¢fic¢ boildiTrgs ano moveable chur¢h forn%hin wthcthcr maintrnmccor Impmeml Td[itt off Is w¢ndiDJfc ill th¢ SOFA 8Jd 5ep8raly di5cJosed. Oiher loidopjdbulldings Frcchold buildin¥. uth¢rthan ¢onscr¥8wd buildings, llre deptECigted ona strlliBhi1e b&si% over fjftyyeRrs. Thegross book vduc is based on iu5uThDce valu]0 frotn L 1997 &8 adJ.t¢d foTsub5equentadditionsst ¢0sL Otherf[Us.t1IIJUgsOp1offICe equipmgrtl Equipettssed within the thur¢h prni$ i5 deprcciBted &strght1]lle b&%is over fthr)rEt lrtdividu81 Il1$ of ¢quipm¢Atwith 8purchw wite of£2.5(N> orless are wilieo off whell tl Sel is atqDtred. JnveMmenlJ ]nvtsiJncnts art aforni of basic fmHDCj and tTe irtitiÈUy tecwtsed at the transarlrort VllluE alld subsequthdy measured aE their value 31 Decnbei u$uJg thec105ing marktl prite. Thesia(em¢nt of financ&al alvitieS include5 thencl 8ain5 lossts ari9th8onrevahJatity) d¥)$311 th1ov8t the yexr. P4ge9
S9ffroJJ Walden ParochiAI Church Coullc Noles to th¢ Fi2ClAI Statements For the yeAr ettded 31 Deeember 2(125 l ActowktiDgPu]itie3 Icolltillued) Amounts 0g ro thE PCC llt31 J)ecember iry R5peclof ftt5. TCDtsorothcr in¢omt atc shovm as debtors less pmvi5ion ror4mts thaLJn&y provtunlIthb1e. Cqsh ot bfjpkqftLlshortlÉrm dep05ilS C45h at b3nd iJ3 hand includes cash lieid on d¢p05iteith¢rivith CBfchurth of Engld Fundsorallhe b Isshon *Jm higWy liqu¥d inveslments with a$hortJ081urityof thr months or from thE date of Iwuisition or openin8 of the deptrstt OFSitlldar ac¢¢yJnr. Liabilitie5 Bre Rcognised expenditure 55 souu thBfe rsHleEaior COtrU¢(1V¢Ob]igatioll GQllllllilting the PCC to thattxpendLDJie, ii is probable thatseiiJcm¢niwill bcr¢quir¢d and Ihe amount of thE0bli83u¢ £8m bc Lncasured reJi8bly. Th¢PCC only hns finyBciDI 3$5cts l¥abilili¢5 ofakind thai qvalify 88 btsi¢ fillall¢iol in5trument& Ba51 fin¢1 instnJmeAts aw luallYIE¢0gnlSed ai rf8nsa¢tion valuc and $ubsequcnilyme&sured llitheir seldemcntvaiue. Page 10
Saffron Wald¢n Parochial Church Counc Notes to the Fin#ncig1 &8t¢mont5 For the year ended 31 Deccmb¢r 21125 Reslritltd R¢$lri¢l¢d lad Unrc¥trittcd Endowffjent Funds F¥Dds 2 lueoJlle& Elldowments Total Fund¢ 2025 Total Funds 21124 Vllrt$triettd Enth)wment ruud5 Note 2a Donidow and Leg4¢1 Planned giving.. Taxeffi¢ieTrt plonncd givin8 Taxr¢wv¢rcd Uwou8lJ fjiftAid Olh¢T p18nn¢d giving Collections IDpeJi ath) atojl servlces Othcr Don&llOnS fjrJnt5 Le8acic% 141.245 38.760 6,595 7.976 25.717 610 141,855 3&760 6.595 11.474 87,576 53,000 133,308 36259 ,435 134.743 36.259 7.854 14.226 80.920 2.25 37.717 313.969 3,49S 61.859 53,000 9.881 17.409 2250 4,345 63,511 220,293 967 339 260 21kS,961 107.008 2b ItIme frorn tharitsble Itilwllles Fet¢s. bazaars. (¢h¢rfundni5sng ¢v¢nls Carts and guid M£gazes (Liiings F¢es Parish olf1. printingjnd stattontsy 6.457 7.367 13.824 482 1.801 9.813 10.030 203 J6.153 7284 610 1202 9298 9,011 439 27.844 9.916 17.200 1.801 9,813 10.030 203 28.786 1.202 9,298 9.011 439
7.760 7.367 2t lllvtythelltincomt Dividends and Tnter¢st incloding any rcclainied Rent ieieived 17.945 10.080 28.025 11471 30.416 9.794 10.080 19.874 11.436 21.230 10.080 31.310 12.47L 40.496 11.436 Id OTbEr Ineome COnbuti to cl¢rgy eXPBWS mCell¢1}us 2.557 2.557 25.889 25.889 28.446 28.446 9,288 9.288 4.686 Tothl lll¢offj¢ & EDdoiFmellts 279.661 164.694 259.365 132,962 392.327 P4BeLI
Saffron Walden farochial Church Council
Notes to the Finaneial Statements
For the year cnded 31 D¢cemb¢r 21llS
Re9trit(ed
R¢stritted
3 Ixptttdiiiirt
Tolal
FuNd¥
2025
TfjAI
UThrulrickd ETrdowmtnt
FuDds
Fud5
Vnre5triccd EThdowmeTht
N¢)tt
2024
3a Grants
Mi5510nOryd tharitttblewiLg'.
Chll Ov#Se..
-mi$5ion8ry societies
Home rnis570ns adther
Church SoriEIics
SewlaT¢h*ili
3J41
3.341
3.664
3.664
550
2.79x1
6.681
617
I,l67
5.671
10.179
1200
2J32
3532
5.648
12,844
3,498
8.130
4.714
3b Activlties dlretllyrelallng to theiyork of tbo Chllrc
Parish sharc
3d
123,525
Clew expe¢9
27,664
Curdl¢ t) cxprnses
12,049
Church Nnoitigexpen5eS
20.051
Church maintcnancc
9,854
Mainl
S8ffroll W#tdeD Parothial Cbureh Coun¢il No¢es lo the FInaClaI StateThent5 For the yesr ellded 31 December 2025 4 SIAifcosts. Key MaTr4g¢mtTrt PcrsonTrtl Ind Trwsttty, R£mutratIOll Kxp¢nJ 2025 WBges and Salari Social scrI costs (JKI of Crnployrnent lOW3Of£4,1S4<2O24.. £4,185) Pcnsion o)5ts 57214 71.578 2.147 59,361 2.900 74,478 Duringtheyearthe PCC employcd # dirc¢tor of orgÈnts( yollth worker. parish sdrnillirntor, 8SSOCiatc8dminislrattY. Mrddiny cOordirtOrZDd a cleaner. tuinc of iwtsotn eatnd £60,1IJO ormot¢. The ayage nUbe10£ eJzJployecs throDghoutthe year w&s 612024.. 6), equaiingto 8 full tim¢equiv8lcnt of 2.2 (2024.. 16). Yhc following memttsof th¢ PCC were pid the f0lknvinBa[DNJ during the year. Mro Kin& direclorof rnu5i¢ lincJudiTrg cmployerrthsioft £794 Qff24. £771} Mrm at50[4 youth wwk¢t{in¢luding employ¢rp¢nsion £0 0024.. £1,165) IMT Williafflson up 10 30 S¢pi¢mbcr20241 Apart from the abov¢ no othcrPCC member received MUneratIon or othcrbBnefit 18.439 17.900 27,060 According tothe Chayiry Commis$ion¥ Guidon on onwoying a trusl¢t, th¢ is no objection to Someone is alr an employeeof the PCC tttomtn8on¢ of IL5 trU5t¢¢s Ill the wcof Mr Kin& he an employc¢ofthc PCC b¢for¢ h¢ w&s wbse4weDtIy iDVited to becoDLE a Tw5tee. rring Ib¢year, the fvll ¢ostof•mplwr5 rance contribuliolls. IKfOeJDpKont8[l01 4mount¢d 10 £4.185 {2024.. £4,185). Thc PCC¢onsiJ¢r5 all ITU51¢e5 to be ils key MigementpeTs0nd and forthose who %%trc a Srythe1rT¢1llUntrSt1QTr IgTOSS WaE¢S and ernplo)w pen5ionl 15 above. 3 Flxtd Assets ror v9e by the PCC SE T4nwb]e fixrd issets Freehold lan aDd buildill fjross bry>kval at bE81[L]ng4lldCd Dfycar AdditiensllTh5pOs$} Cross bLK>kvaIuc * end oty 601 J88 601J88 Ac¢umulaitd depreciouon 8( begInng ofyezT D¢pre¢tiiion charg¢ forth¢ y¢8r A¢¢vmulawd d¢prociation at end of 296,436 307) Netbook valuB end of yC3T Nctbuok vdu¢ at beginning ofyear 294,065 304.952 Th¢fr¢ehdd Ipnd buildiw co[DPri theParish Ro(xtt% the Vry's Cott*¢ alld 42 IkWwierAvenu< Safftorlwdden. Thegross book v8luc ts bwd on tbovaluc c5Éimal¢d by tbe PCC zs al t Jlllluory 1997 forinstJrBn¢e putposEs or Eosiof additions ifaftcr that dato Past 13
SaffTOJt Wlden PArnehial Chureb Coulle Notes to the FIN8¢1[ Stgtements For the egr ended 31 Detember 2025 5b InvistmEwIJ M8rk¢tvalu¢otb¢giwiinB ofyc Add". tcquisilions It ¢ost LEs$.' disp05ats st op¢ningowk¢tv Add.. ifflcom¢ reinv¢51¢d Ner8aillslllosse51 orj Teva]vatiixL at the end of thgJEar Markci Ylle &td ofy¢tr.dctailed klow 123,781 IY.700 320 355 2.726 12423J MarkelV8lue 2024 CBFChTcl1 OfEDg1aj InYtsthiEntFund$ and Depxtts 124233 128.781 128781 All yest[DEntsrc carried attheirfairv8Jue. The basis of fair value for¢quities4ndCBF ]nVes¢tFullth i% equivalent to th¢midTnatk¢t valu¢ ot clost ofbusiness on 31 Dec¢mber ye4r. Th¢$ilfi¢te0rI70nC1tl inS(rUn th¢OnE01n8 financi 5UStainabilityof th¢ ¢harity i5 ¢owid¢rd in th¢ fin8n¢ial icwand inv¢8tmeTht polt¢y sectton50fth¢ TAttAlVIt Rer 6 DtlO 2025 21124 Inc4Nne T)Vabl Ot 7,867 9.392 5J12 14,704 8,856 7 LIAblllttu: knoullts fallillg due wlthlTr f*ne ye4r 2024 Crtdit4)rs Bccruals Defertd in¢otnelse¢ below) 31.807 Jio 35.981 97 32.317 36.951 Derred Deferred incffflc a¢ beginninsof yraT IkfetTa llL¢oJlle duritigth¢year Inwin¢adYertisin8) R¢l¢as¢d from pr¢vious ye4r Defed )Ille atend of year 970 510 970 510 700 970 700 970 Pw14
Saffron Walden Plrocbial Church Coun¢il Note5 to the Flnanelal Stst¢ment$ For the year thded 31 December 2025 8 Re¥tricted Hnd EttdowmetttFulld• Tranjfers between fBDdJ Optnimg BalaB¢e IDveslmeni Gth$ C1051Thg BalgDet C•rTrntYe8r ID¢ome ENdIJrt FabttG FthLd Fund-Tran51tion ProieL - Special ColkElion Restoi8tion Fund St MarfsMv5i¢A550cion Cyril Co¢ M¢m¢)rial Pd Building5 DEvclopm¢nt FuDd Littl¢ wd¢- Camp404 Sew2rts EDd- Youth FuDd Special Colkttion5 Endow7n¢nt FllDd5 243.054 145305 (213.6221 (2,425) 172J12 3.498 {3.4981 30.n2 19J29 437 69.540 595 1.754 31.813 24.124 302 71J03 11.860 610 1,763 17.0651 17451 I6} (364) lJ62 12.337 377 768 320 (212 12.445 313.931 Transfev beffteD f¥nd8 OpEBiDg B&laK Jllvt$tsiellt Glin5 Prlor Yur Expendirt Balin¢¢ Fabri¢ Fnd (kneral Fund-TT2nsilioo Pmietr - Speual Coll¢¢lio Ke5tontson Fund St Matys Musle o¢latIon Cyril Co¢M¢mthi8J Fund Building5 D¢v¢lopmut Fund Littl¢ Wdden. Carnp404 5¢ward5 End- Youih Fund - Sp¢¢ial Collection5 Endo%¥rn¢nt Fund5 173.510 IQ8,108 (39.922) 1.358 243,054 4.345 1.308 {4J45} 29.414 20.541 1.419 67.756 495 627 30.722 l9,329 437 69.540 595 1.754 {13283} 12.4241 1.442 1,784 loo 198 378 355 131971 111531 (3781 12,337 377.768 305.625 162,305 Th¢ Ffibric FuDd isrestricd for exp¢nditureon tDR1Dtllilli tepairio8*)d improving all th¢ SWPCC pro5¢$. th¢ ch¥r¢h. theparish )rn$ lexteTnal fabTi¢I. the vtrs cotllgc and th¢Cwate5 H(¥. The Rest8(70n Fund is rtstrictrd form4ior Gapital cxpBnditur¢ for Èxampl¢- (h¢ ruton¢ion oftht rOofofth¢¢huh. Th¢ tsuildinES D¢v¢lopm¢nl Fund w&% ln¢hed i# late 2013 to finanG¢ t int¢rng1 smprovemtnt5 tothE ¢hur¢h and parish identified inthe staieJJwJtof need$viath¢ Bvi44 1245,3781 115,8021 17.7661 18,0871 277.033 (2,2311 35J.593 19,955 31,149 185,842 590.539 279 659 231 TraDsf¢ b¢tw¢t Opcnillg Investmeni Cltssi BaiHBre PriorYr Income Exp¢Ddltur¢ Stmgrfs fjeneralFund St John%- Littlc Waldcn St James- Sewards Eod Revaluation R¢s¢ry¢15¢e not¢FKlowl 335.708 19.572 22.983 202016 234,791 12,738 11,835 12218011 1249 348.947 20J97 26,871 17.9471 8.087 250,7481 259.364 1249 590,144 The R¢vaiuaiionReserv¢ r¢prw¢nts thE aDOUtrtbywhieh ItL¢PCC's Iqnd promy ha5 b¢en less depjeoiaiio Pog¢ 15
SaffroD Walden Paro¢hial Church Council Notes to tlte Finafjeial Ststements For the eir ended 31 December 21J25 10 AD8Iysis DfNetAsyets by Fulld Rtttri¢trd Restrled And Vrtre9tritied Ejbdowrnet Fllryd$ Funds Toflll Totsl resiricieo Endowmenl FndS Fuod5 2025 2024 Fix¢d a8SdS Current 85s¢ts CutTenlliabiJilic$ Fund bllnc¢ 347.615 271,985 (29,0611 590.539 70.683 246.504 13,2561 313.931 418.298 518,489 132.3171 904.470 360,733 265.815 36,4041 590 144 73,0Th) 305.315 1547) 377 768 433.733 571,130 136,9511 967.912 The TeslrKled Bnd endOwt WPTise the Fabric Fund. Rcstornlion Fund. Cyril Ctt Mcm0ri21 Fund. St Marys Musi¢Asso¢ithion. Kgtri¢tedcolleclions and endoWent fuud5. The endownklll knd5 tomwxst msc¢llawus twsi fuThd5 and incllldc ull5pcnl incoThc arTh)untiNg 10 £6.41912024.. £6.099} 11 Grnts Durin¥th¢ y¢r thE PCC mde the followin8charilabl¢ grJnts.' 2025 2024 SIM$ S¢hool Saffron Wd¢n Wycliff¢ Bibl¢ Trnn51llioTS Jimmvs NiBhtShelter RO British L¢Bion ChJdr¢o'5 Society Ichrislingle colkrliDts) EaStAliA,$ Children's Hospsc¢$ S#ffroTL IVaidÈN Mayo¢s ch8rilies (IJwi5lmJsTTe¢5rrvi wlkElioii¥) Fri¢nds of E55ex Churches NatiollalChurch¢s Twsi LMK Ipr¢viowly lI¢1j ESM Clergy Charity) Uttksford FoDdbank I,5) 2,400 457 I,0 2,400 $248 523 387 1,83Q 250 100 250 150 617 563 154 In llddition to thcts 8bov¢, mad¢ by St Marf5 Saffron Wglden. 8riniq were mide byst Jow'S¢war4ts End and SiJohn's Little Wden of £786 (2024.. £13191 £1,539 (2024.. £2,591) respc¢tively. The weteao8taDts msde b) individuBls durillgthey. 12 DOnztiO9 9d¢ by tbt trwsftes to thc PCC Ourillg thtsyw, th¢tslee5 mad< uncoThSiiional donalions wncunting to£79.475 whi¢h in¢lud¢5 £15.895 of lax T¢4meFed 8ift8td (2034.. £81.259 ¢nclvdinB £16251 of t&xfttovcted Ibrough 8itlaidl. no reigtcd pnrtyT[aAsaCuo dulM th¢yeerthat requwerewtills. Page 16