PARISH OF HAZLEMERE
ANNUAL REPORT &
FINANCIAL STATEMENTS
OF THE HOLY TRINITY
PAROCHIAL CHURCH COUNCIL
FOR THE YEAR ENDED
31 DECEMBER 2025

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
CONTENTS
SECTION 1: TRUSTEE'S ANNUAL REPORT
Re
ort from the Vicar for 2025
Safe
uardin
Financial Review
Our Church- A Summary
Ob ertives and Artivities
Foundational Values
Our Pur
Statement of Public Benefit
Structure, Governance and Management
Statement of Trustees, Res
onsibilities
Risk Mana
ement
Reference and Administrative Information
ose
io
li
12
13
15
SECTION 2: FINANCIAL STATEMENTS
SOFA
8alance Sheet
Cash Flow Statement
Notes to the Financial Statements
Accountin
Policies
Income
Ex
enditure
Fixed Assets
Debtor5
Creditors
Staff Costs
Related Part Transactions
Analysis of Funds
Previous Year's Statement of Financial Activities
19
20
21
22
22
26
27
30
30
31
31
32
33
36
Hazlemere
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ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
SECTION 1
Report from the Vicar for 2025
These are written that you may believe thatjesus is the Messiah, the Son of God, and that by
believing you moy h(Jve life in his nome."
John 20..31
This Bible passage is at the very heart of who we are as a church community. Our hope is that we
point people to Jesus, with the conviction that, as we enter a relationship with him, we will
experience new life, new purpose, new identity, and be formed into a new community.
It has been encouraging, seeing this played out this year, across all ages in the day-to-day life of our
church. Over the year we have shared hope and faith with people within our congregations and
wider community, and seen record numbers of people of different ages and different backgrounds
seek baptism and the renewal of baptism vows.
These are a few of our highlights from the year..
CONGREGATIONAL LIFE:
Our congregations (Holy Trinity, Good Shepherd, Manor Form, Connect & Prime Time) over the last
year have continued to welcome new people. We have seen new leaders emerge and our volunteer
team grow.
A major focus has been the revitalisation and relaunch of the Good Shepherd congregation. This
included a significant reordering of the internal buildinE, developing a multifunctional. Contemporary
space that would be welcoming, warm and adaptak)le for Sunday services,. mid-week events and
community activities. Eight families from across Hazlemere Church relocated from one of our other
congregations to join the Good Shepherd fellowship and a new pattern of worship gatherings was
established with a key focus on families and young people. Already, new people have joined this
congregation, and we will look at exploring new ways to engage with the local community.
We continue to see growth in our Wednesday congregation, Prime Time. This serves seniors within
our community, and the work we do in and through the Atrium Cafe has contributed to this growth.
Those who have joined this congregation recently have spoken about the warm welcome, the sense
of community and friendships that have formed.
We have continued our'Lighthouse Sunday. congregation as a response to the growing number of
young families joining our church. These all-age, interactive services have been increasingly well
attended by both members of the church and families from the local school. The team running these
significant Sunday services has grown. As we look to the future in this area, our next key step will be
how to develop community, discipleship and deeper relationships Wlth the families that are coming
along.

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
EMERGING GENERATIONS MINISTRY:
Fttmily Ministry..
Family Ministry at Hazlemere Church continues to be a cornerstone of our community, playing an
essential role in nurturing the spiritual, emotional, and social growth of our children and families. In
2025, our ministry has flourished across all three of our church sites, providing a welcoming
environment where children, parents, and volunteers can connect, learn. and grow together.
Each week, Hazlemere Church welcomes just under 100 children across our three sites. This
consistent attendance is a testament to the vibrant and engaging programmes we offer, as well as
the commitment of our families and volunteers.
In addition to our Sunday gatherings, we hold midweek mother and toddler groups that provide
support and fellowship for younger families. Currently, 40 children attend these sessions each week,
accompanied by their parents or carers. These groups not only offer a safe and nurturing
environment for play and learning but also foster meaningful friendships among families who may be
new to the church or the area. We are seeing an increasing number of families from midweek groups
and local schools attending services on Sundays which has been really encouraging.
Our dedicated volunteers are the backbone of Family Ministry at Hazlemere. In January, we held a
comprehensive training day for our Ocean Kids volunteer team, with 29 team members attending.
The session focused on equipping our volunteers with the skills, resources, and confidence they need
to create a safe and inspiring environment for the children. Despite this strong foundation, we are
acutely aware of the increasing demands of our growing ministry and are actively seeking additional
volunteers across all three sltes. By expanding our volunteer team, we hope to maintain high
standards of care and ensure that every child receives the support and attention they deserve.
As part of our ongoing commitment to inclusivity, Hazlemere Church has applied for an accessibility
award. This process is prompting us to reflect on how we can ensure that our church is accessible to
children with Special Educational Needs ISENI. We are carefully considering what adaptations or
changes may be necessary to remove barriers and foster a truly welcoming environment for all. This
includes reviewing our facilities, resources, and training to better support children with diverse needs
and ensure they can fully participate in every aspect of church life.
Family Ministry at Hazlemere Church is thriving, thanks to the dedication of volunteers and familie5.
As we look ahead to the rest of 2026, we remain committed to expanding our reach, strengthening
our programmes, and ensuring that Hazlemere Church is a place where every child and family can
belong, grow, and *lourish together.
Youth Mlnlstry..
We have continued to see growth in our youth ministry this year, this includes Excite (School years
5-71, Wednesday night Roots Youth Congregation and Sunday mornings (school years 7-131. It's been,
especially encouraging, seeing our young people invite their friends along to our youth ministry. We
have also seen an increase in our volunteer base which has been very encouraging.
The after-school drop-in has continued to build momentum. On an average week at drop-in we
would serve around 50 young people with about 20-30 staying around for the majority of the

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
time. After the October half term we started a second drop-in for a small group of around 5 or 6 to
explore faith and ask questions. In January we will launch a youth alpha for this group of young
people.
MISSION:
One of our key values as Hazlemere Church is pursuing how we can be a blessing to the wider
community and around the world. We continue to support many international and local mission
organisations (see Note 3 in the Financial Accounts for the full list), this includes financial support,
sending teams to deliver practical work, and encouraging individuals to find ways they can get
involved. Last year we gave around £70k to support wider mission.
We have continued to see growth in our Creative Space and Creative Space Cadets. These are
creative 5e55ions for all ages where people have a safe space to make things and have conversations
with one another. We look to the future- we will continue to further develop the faith dimension of
these sessions.
As Hazlemere Church, both Christmas and Easter are opportunities for us to engage with our local
community. This year we ran multiple events for all ages, worked with community groups and local
schoo15, to present the hope of the Christmas story and the joy of Easter. This Christmas Was the
busiest year we have had as Hazlemere church it was especially encouraging to see the engagement
and involvement of those in our community. A number from our Christmas services signed up to join
our new Alpha Course that started at the beginning of 2026.
We continued our engagement with local Schools, running assemblies, occasional lessons, and
services. Over the year we were involved with 7 schools.
STAFF TEAM:
Over this year we have seen changes to our staff team.
We welcomed Daniel Carter and his family as a training curate. We appointed two family ministers to
oversee both the out-reach dimension of our church, and the discipleship in our children's ministry.
Chris Sacre finished her curacy in September and was appointed as an additional Associate Vicar.
We continue to train our St Mellitus College Ordinand, Matthew Rayner, and have welcomed an
intern, Summer, who serves with youth, administration, and the Atrium Cafe.
Our Associate Vicar, Clare Gerard, was formally signed off work for most of 2025 as she underwent
medical treatment.

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
ATRIUM CAFE:
The Eoal of the Trinity Centre including the Atrium Cafe was to be a hub for the local community
where people could find a place of welcome, safety and belonging. This year we have continued to
see this happening week by week. It has been a joy seeing God move in the Atrium Cafe this year.
We have welcomed so many of our local community who have now become regulars and we are
building on relationships as we have weekly contact with them. We have a spectrum of ages, mums
and babies or toddlers lor both), seniors, workers with laptops and friends meeting up.
The Atrium team of volunteers work incredibly hard serving our customers and always have a smile
on their faces. We have had quite a few day5 when we have run out of tables and had to be creative
in finding extra space to host everyone.
The groups using the cafe have been growing. The Atrium supports our established user groups
namely Great & Small, Stroke Club and Prime Time. We have other groups using the building
regularly - Parkinson's group, Multiple Sclerosis Society, a social prescribing group, Read Easy and
various local walking groups. We continue to have open conversations with our customers on how
church life could be something for them to consider.
We continue to welcome new customers visiting us every day, they quite often have driven past and
seen our lights in the darkness or know of a friend who has come or even attended the church as a
child and are curious to re-visit. Every day is different, and our aim is that every person feels
welcome when they come through our doors.

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
SAFEGUARDING UPDATE
At Hozlemere Church we ore committed to..
The safeguarding, care and nurture of the children and people of all ages within our church
community
Promoting a safer environment and culture for all who wish to be a part of our community.
Safely recruitinE, training, and supporting our employees and all those with any
responsibility related to children and vulnerable adults.
Responding promptly to every safeguarding concern or allegation.
Caring pastorally for victimslsurvivors of abuse or other affected persons.
Caring pastorally for those who are the subject of concernslallegations of abuse and other
affected persons.
Responding robustly to those who may pose a present risk to children or vulnerable adults
within the church.
What we hove done in 2025 to promote a safer church.-
Staff who have been trained in safeguarding and safer recruitment were an integral part of
the recruitment and interview process for new employees and volunteers in 2025.
A form for reporting any safeguarding concern is regularly used by staff and volunteers to
flag any concerns to the Parish Safeguarding Officer IPSOI and clergy.
The clergy team and Parish Safeguarding Officer continue to meet monthly to review all
safeguarding concerns Wlthin the church, to ensure continuity in our response, and care for
the individuals and families concerned. Specialist advice is sought from relevant
professionals where appropriate.
Training..
107 people working with children and vulnerable adults are currently safeguarding trained.
One staff member completed the Leadership level safeguarding training and 4 more are
booked to complete it in spring 2026. Four staff members have completed the Awareness of
Domestic Abuse Course, and four others have completed the Safer Recruitment training.
56 people working with children and vulnerable adults have a current DBS check (adults
working only with vulnerable adults, and not with children, do not need a DBS check as none
of their work is of a personal, one-to-one nature).
There continues to be an increasing level of awareness of risk and the need for everyone in the
church to be Vigilant in keeping children and vulnerable adults safe from harm.
Safeguarding continues to be a standing item on the agenda of every PCC meeting, and we are
continuing to see improvements in Safeguarding awareness within the church.

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
FINANCIAL REVIEW
We were delighted that God continues to guide our finances in a way that enables us to deliver the
Vlsion and mission activities which we believe He calls our church to undertake.
In 2025, our Income was £636k, which represented a 9% increase on the previous year. We had
increases in regular giving and our congregation also responded very generously to our annual Gift
Day, raising £99k.
We were delighted to receive two grants in the year. The Diocese of Oxford Development Fund has
granted us £60k over two years to part-fund our two Family Minister roles. These individuals work to
support and encourage families across our congregations and in the wider community, and we have
been delighted to see growth in these areas. One of the Family Ministers was a150 successful in
securing a £5k grant from Buckinghamshire Young Futures, which will be used to support the
creation of a new mid-week Toddler Group at Good Shepherd in early 2026.
The increase in income helps us to fund annual increases to staff pay and to our support for mission
partners, meet any increases in church maintenance and helps us when making future plans. Costs
for 2025 were of the same value as income, £636k, giving a net neutral position for the year. Staff
pay represents our largest area of spend at £230k, as individuals are the prime way our church
delivers our ministry. We continue to support some specific mission activities, both local and abroad,
tontributing £71k in 2025. The maintenance and upkeep of our own thurch buildinES amounted to
£82k in 2025.
With the net neutral income position in year, our Net Assetsnotal Funds Posltion remains at £456k,
with the cash balance being £358k. The church leadership team is currently evaluating the
development of our congregations, both from a ministry resource and a fak)ric perspective, so some
of these reserve funds may be used for the delivery of this next phase of our church growth.

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
OUR CHURCH- A SUMMARY
Our Objectives and Activities
The primary objective of Hazlemere Church is the promotion of the Gospel of our Lord Jesus Christ
according to the doctrine5 and practices of the Church of England. In accordance with the PCC
(Powersl Measure 1956, the PCC is to co-operate with the minister in promoting in the parish the
whole mission of the Church, pastoral, evangelistlc, social and ecumenical.
As a church we have adopted a Mission Statement of 'Being the People of God, fulfilling the
Purposes of God" This is seen as a dual emphasis between building up and encouraging the Christian
tommunity and being effective in our role as the Christian witness in this local community and
beyond.
Our Foundatlonal Values
We have a series of key foundational values which determine how we act and relate to one another.
These values underlie what we hope to see as a local church.
The Bible is our foundation
The lost matter to God
We seek to be led by the Holy Spirit
Prayer is a priority
We build relationally
Worship is an encounter with God
We are generous in attitude and action
Our Purpose
As part of the Church of England, the PCC'S aims are to support the spread of the Christian religion.
Primarily the PCC aims to support the Christian religion in the Parish of Hazlemere but also as a net
financial contributor to the Anglican Church, to SUPPOrt the purpose of the spread of the Christian
religion across the world to all. We are a mission-based church and believe that Jesus Christ is the
Saviour of the world and that everyone would benefit from belief in Him and receipt of the Holy
Spirit. In acting out our beliefs, we work as one church. usually meeting as multiple Congregations in
different places around Hazlemere and Widmer End on Sundays and some weekdays, and as smaller
LIFEgroups during the week.

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
Statement of Publi¢ Benefit
The following is Stated to meet the requirement to provide a statement on our public benefit.
The PCC confirms that we have referred to the Charity Commission's guidance on public
benefit, in particular the specific guidance on charities for the advancement of reliBion, when
reviewing the PCC'S aims and objectives and in planning future activities. The PCC also
confirms that the trustees li.e. the PCC members) have had due regard to the Charity
Commission's public benefit guidance when exercising any powers or duties to which the
guidance is relevant.
The PCC provides benefit to the public in the following ways:
The provision of sacred spaces, churches and worship services:
maintain the church buildings at Hazlemere and Widmer End
• hold regular meetings that are advertised and open to all
The provision of public rituals and ceremonies:
conduct regular church services at three locations
celebrate weddings
conduct burials
conduct baptisms and blessings
Contributing to the spiritual and moral education of children:
have a vibrant children and youth group where they learn about Christ
support the work and activities of local schools
run school assemblies
provide governors who represent the PCC on the adjacent C of E school
financially and physically support the Lighthouse holiday club initiative in Hazlemere
each year
Carrying out, a5 a practical expre55ion of religious beliets, other activitieslsuch as
advancing education or conflirt resolution. or relieving poverty). which may also be
charitable..
SUPPOrt a number of overseas missionaries through financial and spiritual support
undertake outreach to the elderly
• support financially and spiritually those in need in the parish
provide a community centre resource that enables charitable and community groups to operate
their activities
financially support local hospice work
be involved in prison visitor work
SUPPOrt aid work in Africa
support the Wycombe Homeless Connection for those needing accommodation locally
• enable our premises to be used by others in our community
provide comfort and support to the bereaved and those who mourn
pray for those who are sick and in need
10

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
Structure, Governance and Management
The PCC is a corporate body established by the Church of England. The PCC operates under the
Parochial Church Council Powers Measure 1956 as amended. The PCC is registered with the Charity
Commission.. Charity Number 1128994.
The appointment of members of the PCC is set out in the Church representation rules. The PCC
members are appointed annually by vote at the Annual Parochial Church Meeting IAPCMI.
The PCC has ultimate responsibility for a wide range of matters affecting the parish, including such
matters as compliance with health and safety, discrimination legislation and child protection.
Therefore, the PCC appoints representatives who are responsible for the compliance with such
legislation, maintaining knowledge regarding the ever-changing nature and degree of application of
such legislation, advising the PCC regarding its duties in these areas and for training parishioners as
required. New PCC members are given an overview of their responsibilities and accountabilities
when appointed.
The PCC meets on a planned basis several times a year to discuss and ratify key decisions such as the
setting of the Annual Financial Plan and adoption of the Annual Accounts. Between these meetings it
operates through the following committees/teams'.
The Standing Committee is a sub-group of the PCC that meets both in person and virtually to
discuss and agree matters in detail before proposals are placed before the PCC. It also has delegated
powers to approve certain decisions between PCC meetings. The Standing Committee comprises the
Incumbent, Clergy, Churchwardens, Treasurer and Secretary.
• The Finance Subcommittee meets as required either physically andlor virtually to review financial
management of the Pcc's fund5. It comprises the Incumbent, a Churchwarden, Treasurer, Finance
Manager and church persons co-opted as required by the PCC for their knowledge of financial
matters. This subcommittee prepares and presents the Annual Financial Plan for approval by the
Standing Committee and full PCC and then monitors actual performance against the Plan throughout
the year, as well as agreeing financial policy.
• The Mission Subcommittee meets through the year to consider prayerfully the PCC'S support for
Home and Missionary work. It meets both together and with the missionaries to consider their work
and requirements for prayer and financial support. It recommends appropriate persons and levels of
support to the PCC. The subcommittee members comprise members of the PCC and church
members with a heart to ensure the Parish adequately supports missionary work.
Remuneration
The PCC delegates the oversight of remuneration of its staff to the Standing Committee who
themselves take recommendations from the Finance Sub-committee. External information relating
to Living Wage, inflation and Diocesan pay increases are taken into consideration when determining
pay-rates.
11

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
Statement of Trustee's Respon5ibilitie5
The members of the PCC are responsible for ensuring that the Trustees, Annual Report and the
financial statements are prepared in accordance with applicable law and the UK GAAP Financial
Reporting Standards IFRSI for the United Kingdom and Republic of Ireland. The PCC seeks the
confirmation from the Independent Reviewers that it meets these obligations.
The law applicable to charities in England & Wales requires the Trustees to prepare financial
statements for each financial year that 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 Charitie5 SORP
make judgement5 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 an ongoing concern basis unless it is
inappropriate to presume that the charity will continue in operation
The Trustees are responsible for keeping 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 Reportsl Regulations 2008 and
any trust deed. They are also responsible for safeEuarding the assets of the charity and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.
12

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
Risk Management
The PCC maintains a Risk Register as part of its Risk Management Plan. This identifies the key risks to
spiritual life, financial health, meeting statutory and legal requirements, our operations and our
reputation. Owners have been allocated for each risk and mitigation actions defined which have
brought the risks within the PCC'S risk tolerance. Key elements of the plan consider the following
areas..
Income
As with many charitable orEanisations, 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 Hazlemere Church. The PCC recognises that church
membership fluctuates year-by-year and that any period of change can heighten the risk of this
fluctuation. The PCC, supported by detailed reviews by the FSC, continues to monitor the trends of
giving, and manage5 our expenditure levels accordingly.
Operatlons
Essential and routine maintenance and repair work across our church estate is overseen by our
Facilities Manager. Records of our assets are maintained and checked regularly by the local Deanery.
The Facilities Manager is also the Health and Safety IH&SI representative. H&S information is
obtained directly from HSE monthly updates and Lawpack publication "Health & Safety at Work
Essentials" and applied to our situation as required. The major H&S risks identified by the PCC have
been reviewed and systems or procedures have been established to mitigate these risks. All Food
Hygiene and First Aid at Work requirements are up-to-date.
Safvguurding
Given the wide ranging and innovative programme of ministry with children and young people and
vulnerable adults provided at Ha21emere Church, the health, safety and protection of these
individuals is regarded as being of paramount importance. We operate a formal policy for the
safeguardinE of children and vulnerable adults, in line with Diocesan Euidelines. Continual review of
Safeguarding policies, procedures and practice is ongoing and overseen by the PCC'S Safeguarding
representatives who regularly report to the PCC.
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 an
appropriate level for the ongoing ministry. The PCC has approved a minimum value of reserves of
£85,OtX). This represents about 3 months cover of ongoing costs (excluding Mission Gifts) and
assuming no income for that period. The Reserves level will be measured by free cash available
within Unrestricted and Designated funds li.e. excluding the Fixed Asset fund). The level of Reserves
as at December 2025 was £351k. We recognise that this is significantly higher than our minimum
value, k)ut have a number of strategic projects Ifabric-related and ministry) in the early stages of
development leg related to the relaunch of Good Shepherd) which would require financial resources
to fully launch.
13

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
Investment Policy
Investments are restricted to bank deposits or money market fund purchases. The maximum
investment in any one reputable bank or building society is to be £200k. The maturity date is to be
no more than 2 years from the investment date; when assessing the timing of any investment, due
notice is to be given to any major project being considered.
14

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
Reference and Administrative Information
The Church Office is based at..
Holy Trinity Church
262 Amersham Road
Hazlemere
High Wycombe
Bucks HP15 7PZ
Tel.. 01494 523191
The church is a registered charity under statute, registration number 1128994
There are 3 main bankers=
Barclays Bank PLC
PO Box41
High Wycombe
Bucks HPII 2PG
HSBC PLC
I Corn Market
High Wycombe
HPII 2AY
Lloyds Bank PLC
25 Gresham Street
London EC2V 7HN
Independent Examiner:
Nigel Wyatt BSC FCA
Independent Examiner
125 Main Street
Garforth
Leeds
LS25 IAF
15

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
The PCC comprises the following current members las at 31" Dec 20251:
Chair..
Rev Mark Meardon IEx-officio, Vicar)
Members..
Daniel Carter (started Sep 25, Ex-officio, Trainee Curate)
Mike Cross
Kevin Duffy (started May 251
Rev Claire Gerard IEx-officio, Associate Vicar)
Anna Greathead
Melanie Green
Peter Green
Trish Harding ITreasurerl
James Hazelton Ichurchwardenl
Jane Montgomery Isecretaryl
Mark Moorcraft (Deanery Synod Repl
Charlotte Morris
Suzanne Reeves
Mark Olsen
Jackie Pestell
Rev Chris Sacre (Ex-officio, Associate Vicar)
Sacha Tomkins IDeanery Synod Repl
Steve Walters Ichurchwardenl
The following ceased PCC membership during the year..
Brian Eckheart Ifinished Sep 251
Richard Jones Ifinished Dec 251
Roger Simmons (finished Apr 251
Rev Steve Whitmore Ifinished Apr 251
Charlotte Wood Ifinished Apr 251
Day-to-day management is delegated to the Incumbent/Vicar, Rev Mark Meardon, who also served
as Chair of the Parochial Church Council throughout the reporting period.
Signed on behalf of the PCC on
28th April
2026.
16

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES ON THE UNAUDITED
FINANCIAL STATEMENTS OF THE TRUSTEES OF THE PCC OF THE ECCLESIASTICAL
PARISH OF HOLY TRINITY HAZLEMERE
I report to the trustees on my examination of the financial ststements of the Parochial Church
Council of the Ecclesiastical Parish of Holy Trinity Hazlemere I'the charity'l for the year ended 31,
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 20111'the Act'l.
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 14515llbl of the Act.
Independent examiner'5 ststement
I confirm that l am qualified to undertake the examination because l am a member of the Institute of
Chartered Accountants in England and Wales IICAEWI, 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..
l. accounting records were not kept in respect of the charity as required by section 130 of the Act,. or
2. the financial statements do not accord with those records,. or
3. the financial statements do not comply with the applicable requirements concerning the form and
content of 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
Independent Examiner
125 Main Street
Garforth
Leed5
L525 IAF
Date=
2810412026
17

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
SECTION 2
PARISH OF HAZLEMERE
FINANCIAL STATEMENTS
OF THE
HOLY TRINITY
PAROCHIAL CHURCH COUNCIL
For Year Ended 31" December 2025
Charity Registration no. 1128994
18

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
PAROCHIAL CHURCH COUNCIL OF HAZLEMERE
STATEMENT OF FINANCIAL ACTIVITIES
For Year Ended 31 December 2025
2025
Total
2024
Total
Note 10
Unrestricted
Funds
Restricted
Funds
Note
INCOME
Donations
Income from Charitable
Activities
Income from
Investments
Income from Trading
Activities
Other Income
TOTAL INCOME
21al
21bl
528,810
1,487
18,869
547,679
1,487
483,517
4,200
21cl
9,603
9,603
9,575
21dl
61,146
61,146
63,125
21el
16,551
617,597
16,551
636,466
22,484
582,901
18,869
EXPENDITURE
Expenditure on
Charitable Activities
Other Activities
Governance Costs
TOTAL EXPENDITURE
31al
532,372
14,784
547,156
498,036
31bl
31cl
86,855
2,394
621.621
86,855
2,394
636.405
90,391
2,334
590.761
14.784
NET
INCOMEIIEXPENDITURE)
BEFORE TRANSFERS
(4,0241
4,085
61
17,860)
Transfers between funds
11181
118
Net movement in funds
after transfers
(4,1421
4,203
61
(7,860)
TOTAL FUNDS BROUGHT
FORWARD
455,439
798
456,237
464,097
TOTAL FUNDS CARRIED
FORWARD
451,297
5,001
456,298
The notes numbered I to 12 form part of these financial statements.
19

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
PAROCHIAL CHURCH COUNCIL OF HAZLEMERE
BALANCE SHEET
As At 31 December 2025
2025
2024
Note
FIXED ASSETS
Tangible fixed assets
99,203
123,196
CURRENT ASSETS
Cash at bank and in hand
Deposits < 3 months, notice
Deposits > 3 months, notice
Totsl Cash and Deposits
Debtors
164,973
95.161
100,338
139, 734
357,784
6,933
364,718
333,560
8,015
341,575
CREDITORS due within l year
NET CURRENT ASSETS
357,095
333,041
NET ASSETS
456.298
456.237
FUNDS
Restricted
Unrestricted Designated
Unrestricted - General Fund
TOTAL FUNDS
io
5,000
99,205
352,093
456,298
798
123,196
332,243
456,237
28th April
Approved by the PCC on .
their behalf by:
2026 and signed on
Rev Mark Meardon
Trish Harding
Chairman
Treasurer

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
PAROCHIAL CHURCH COUNCIL OF HAZLEMERE
CASH FLOW STATEMENT
For Year Ended 31 December 2025
2025
2024
Cash Flow from Operating
Activities
Net cash from operatirbg
activities
Adjustments for..
Depreciation charEes
Decrease in Oebtor5
Decrease in Creditors
Less.. Interest received
Net cash from operating
activities
61
{7,860J
26,127
1,081
19121
9,603
25,821
(51,370)
9,575
16,754
{42,739)
Cash Flow from Investing
Activities
Purchase of assets
Interest received
Net cash from investing
activities
12,1331
9,603
9,575
7,470
9,575
Cash Flow for reporting period
ended 31, Dec
24,224
{33,164J
Cash Balance at beginning of
reporting period
333,560
366, 725
Cash Balance at end of reporting
period
357,784
333,560
Classified on the balance sheet as..
Cash at bank and in hand
Deposits < 3 months, notice
Deposits > 3 months, notice
164,973
95,161
97,650
l(K),339
139, 734
93,487
Totsl Cash and Deposit Balances
357.784
333.560
21

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
PAROCHIAL CHURCH COUNCIL OF HAZLEMERE
NOTES TO THE FINANCIAL STATEMENTS
For Year Ended 31" December 2025
I. ACCOUNTING POLICIES
a) Charitable Status
The Parochial Church Council of the Holy Trinity Hazlemere is a registered charity in England and
Wales, number 1128994. The Trustees are the members of the PCC named on page 14. The
registered office is Holy Trinity Church, 262 Amersham Road, High Wycombe, Buckinghamshire HP15
7PZ.
bl Basis of preparation of financial statements
The financial statements 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 ISORPI applicable to Charities preparing their accounts in accordance with
FRS 102 (effective l January 20191- Icharities SORP IFRS 10211 and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair, view and have departed from
the Charities IAccounts and Reports) Regulations 2008 only to the extent required to provide a 'true
and fair view,. This departure has involved following the Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparinE their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October
2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice
effective from l April 2005 which ha5 since been withdrawn.
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 notelsl. There are no
material uncertainties about the charity's ability to continue as a going concern.
The accounts include transactions, assets and liabilities for which the PCC can be held responsible.
They do not include the accounts of church groups that owe an affiliation to another body, nor those
that are informal gatherings of church members.
cl Fund Accounting
Generol Fund represents the "free" funds of the PCC that are not subject to any restriction regarding
their use and are available for application on the general purposes of the PCC.
Designoted Funds are earmarked by the PCC for particular purposes, but are nevertheless still
unrestricted, as the PCC can re-designate the funds if it wishes. The PCC currently has one
designated fund:

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
Fixed Assets Fund -The value of the land, buildings and equipment owned by the PCC are
held in this fund.
Re5trirted Fund5 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. The PCC has two restricted funds:
Special Offerings- Offerings collected land distributed) to specific causes.
External Grants - Grants given to the church from external parties for specific purposes, and
used in the required manner.
dl Income
Income (which includes planned giving, collections and other donations) is recognised in the period
in which the charity becomes entitled to receipt, the amount receivable can be measured with
reasonable certainty, and receipt is probable. For the most part income is generally recognised when
it is received by, or on behalf of, the PCC. Income is only deferred when the charity has to fulfil
conditions before becoming entitled to it or where the donor has specified that the income is to be
expended in a future period.
Income from donations and legacies includes recoverable gift aid. This is recognised when the
related donation is received. Gift aid that has not been recovered by the balance sheet date is
included as a debtor.
The charity relies on volunteers to carry out many of its activities, particularly running the Sunday
services (welcome, music and youth Eroupsl and the cafe. In accordance with the SORP. the value of
these services has not been included in these financial statements as they are voluntary and cannot
be reliably measured.
Income from charitable activities represents income receivable from goods, services and facilities
supplied in furtherance of the charity's charitable objects. It includes rental income from Church
House (where paid).
Income from other trading artivities represents income receivable from activities undertaken to
generate funds for the charity. It includes income from the cafe and building usage.
Investment income represents income generated by the charity's assets and includes income from
bank interest.
e) Expenditure
Expenditure is accounted for when payable. Grants to external organisations are accounted for when
paid, or when awarded, if that award creates a binding obligation on the PCC
f) Fixed Assets
il Consecrated land and buildings and moveable church furnishings
Consecrated and beneficed property is excluded from the financial statements by SIOl2llal and Icl of
the Charities Act 2011.

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
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. They are listed in the church's inventory that can be inspected at any reasonable time. For
inalienable property acquired prior to 2000 there is insufficient cost information available and
therefore such assets are not valued in the financial statements. Items acquired since January 2000
have been capitalised and depreciated in the financial statements over their anticipated useful life on
a straight-line basis.
All expenditure incurred in the year on consecrated or beneficed buildings, on individual items under
£2,000, or on repair of movable church furnishings acquired before January 2000, is expensed when
incurred.
ill Tangible fixed assets for use by the charity
These are capitalised if they can be used for more than one year, and cost at least £2,(X)o.
Depreciation is calculated to write off the capitalised cost of fixed assets less their currently
anticipated residual fair value over their estimated useful lives as follows..
Land
Buildings
50 years (except the Prayer Studio which is depreciated over
10 years, given its anticipated shorter economic lifel
Fixtures, Fittings and Equipment7 years
gl Current A55ets
Amounts owing to the PCC at the year-end in respect of tax reclaims and other income are shown as
debts less any provision for amounts which may prove to be uncollectable. Short-term deposits
include cash held on deposit either with the Church of England Deposit Fund or at a bank.
h) Pension Policy
The PCC participates and auto enrols its employed staff into the Legal and General Stakeholder
Pension scheme, a defined contribution scheme. Contributions are accounted for on an accruals
basis.
i) Charitable Commitments
The PCC has supported many local charities and overseas mission partners for many years. The PCC
reviews all commitments to other charitable bodies and missionaries it supports on a year-by-year
basis. It does not commit to long-term support although it may, however, provide long term support
for its mission partners.
jl Critical Accounting Estimates and Areas of Judgement
The members of the PCC do not consider that there are any material sources of estimation or
uncertainty at the balance sheet date that could result in a material adjustment to the carrying
values of assets and liabilities in the next reporting period.
24

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
In preparing financial statements certain judgements, estimates and assumptions have to be made
that affect the amounts recognised in the financial statements. The members of the PCC consider
the following to be significant..
The annual depreciation charge for property, plant and equipment is sensitive to changes in
the estimates for useful economic life and residual value. These estimates are reassessed
annually and, when necessary, adjusted to reflect current circumstances.
The constructive obligation for grants payable is based on an assessment of the likely
duration of the supported activity. Again this estimate is re-assessed annually and the
obligation is adjusted to reflect current expectations.

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
PAROCHIAL CHURCH COUNCIL OF HAZLEMERE
NOTES TO THE FINANCIAL STATEMENTS
For Year Ended 31 December 2025
2. INCOME
Total Funds
2025
2024
Unrestricted
Funds
Restricted
Funds
2a Donations
Gift Aided Donations
Gift Aid
Other Planned Giving
Other Gifts & Cash Offerings
Grants
TOTAL INCOME
379,957
95,698
46,323
6,832
379,957
95,698
46.323
9,577
16,124
547 679
335,948
86,402
48,578
10,175
2,414
483 517
2,745
16,124
528 810
2b Charitsble Activities
Rental Income
1,487
1,487
4.200
2¢ Income from Investments
Interest from Investments
9.603
9.603
9.575
2d Income from Trading
Activities
Parochial Fees
Cafe Income
TOTAL TRADING INCOME
3,003
58,143
61.146
3,003
58,143
61.146
2,830
60,295
63.125
ze Other Income
Building Usage, Toddlers etc
TOTAL OTHER INCOME
16,551
16,551
16.551
16,551
22.484
22,484
TOTAL INCOME
617,597
18,869
636,466
582,901

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
3. EXPENDITURE
Total Funds
2025
2024
Unrestricted Restricted
Funds
Funds
a) Expenditure on Charitable
Activities
Mission Support..
Overseas Mission Partners
(see below)
57,314
57,314
54,589
Overseas Mission Projects..
Amani
2,(K)O
644
2,644
3,553
Global Recordings
350
350
350
Street Kids Direct
1,500
1,500
1,500
Jamaica Appeal
Ioxford Diocesan appeal)
500
500
Mission visits to Kenya &Uganda
1,500
1,500
YWAM trip support
250
250
Sub-Total: Overseas Mission
Projerts
6,100
644
6.744
5.403
Home Mission..
Hazlemere School
187
187
2,000
Seniors Events/Keep-Fit
1,662
1,662
1,599
Lighthouse
500
Wycombe Homeless Connection
1,500
644
2,144
2.797
WYFC
400
Schools Ministry
43
43
67
HM Prison Service
Rennie Grove Peace Hospice
814
814
1,297
Love Fund
866
Love Wycombe
750
Edge Hill Christian Union
200
Prison Fellowship
300
27

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
Welcome Churches
1,500
1,500
1,5(K3
Wycombe Refugee Partnership
644
644
Sub-Totsl: Home Mission
4,899
2,102
7.001
12.276
Ministry Costs..
Staff Pay
178,921
11,124
190,045
141.565
Parish Share
147,328
147,328
142.346
Staff Expenses
9,715
9,715
10,167
Children, Youth & Family
9,977
914
10,891
10,008
Events
10,692
10,692
8,119
Music & Worship
6,543
6,543
3,998
Printing & Publicity
502
502
612
Diocesan Costs
3,311
3,311
2,698
Sub-Totsl: Ministry Costs
366.989
12.038
379.027
319.513
Church Management
Church Management & Admin
15,554
15,554
11,760
Fabric & Maintenance
61,719
61,719
66,333
Utility Costs & Insurance
19,797
19,797
28,162
Sub-Total: Church Management
97,070
97,070
Charitsble Artivities Totsl
532,372
14,784
547,156
498,036
Overseas Mission Partners supported were.. J&K Hughes (Wycliffe Bible translation in Indonesial, I&L
Hollman Iwycliffe Bible translation in Africa), K&D Mercado (Outreach in Krygyzstanl, R Gracey
Iwycliffel, P&S Hopkins Ioutreachl, K&J McKee (Global Recordings Network in E Europe), J Mason
(Frontiers).
Total Funds
2025
Unrestricted
Funds
Restricted
Funds
2024
b) Other Artlvltles
Depreciation
Cafe Costs
26,127
60,728
26,127
60,728
25,821
60,203

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
Staff Leaving= personal gifts
Costs relating to the construction
of the Trinity Centre
Total Other Activities
500
3,867
86,855
86,855
90,391
cl Support
Independent Examination/
Audit Fee
2.394
2.394
2.334
Total Expenditure
621,621
14,784
636,405
590,761

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
4. FIXED ASSETS
Freehold Land
& Buildings
Equipment
Total
Cost
Balance as at I" Jan 2025
Additions
Balance as at 31 Dec 2025
79,675
196,588
2,134
198 722
276,263
2,134
278 397
Depreciation
Balance as at I" Jan 2025
Charge for the year
Balance as at 31 Dec 2025
67,480
3,523
71,003
85,587
22,604
108,191
153,067
26,127
179,194
Net Book Value
As at 31" Dec 2025
8,672
90,531
99,203
As at 31" Dec 2024
12,195
iii,(x)i
123,196
Insurance values of the relevant buildings and contents=
Holy Trinity building
£10,970,000
Church of the Good Shepherd £3,660,000
Church House (building only) £327,325
The freehold land and buildings controlled, but not necessarily owned by, the PCC compromise..
Holy Trinity Church & Prayer Studio
The Church of the Good Shepherd, Widmer End
Church House, Widmer End
(The Oxford Diocese owns all but the Prayer Studio, although they are all maintained by the PCCI
5. DEBTORS
2025
2024
Gift Aid claim
6,641
6,486
Other debtors
292
1,529
6.933
8.015

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
6. CREDITORS due within one year
2025
2024
Independent Examination fee
2,310
2,334
Other creditors
5,312
6,200
7.622
8.534
7. STAFF COSTS
2025
2024
Salaries and wages
213,359
171,390
Employers, NIC
9,319
4,499
Pension contributions
6,305
4,598
Employment costs
228,983
180,487
Staff expenses and other costs
9,715
10,167
238.698
190.654
No employee earned £60,000 or more.
Staff numbers-yearend head tount
2025
2024
Ministry
Support
Café
Total
17
13
Key Management Personnel
The key management personnel of Holy Trinity Church are the Vicar, two Associate Vicars and a
Trainee Curate. The Vicar, one Associate Vicar and Trainee Curate are employed and paid by the
Diocese, and a proportion of the parish share payment relates to their ministry and housing costs.
The other Associate Vicar is paid by the PCC.
31

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
8. RELATED PARTY TRANSACTIONS
4 PCC members are staff members employed by the PCC12024.' 41 and received remuneration
totalling £84,54412024.' £75,4231- The 4 staff members who also sit on the PCC are..
Chris Sacre, Associate Vicar
Jane Montgomery, Operations Manager
Jackie Pestell, Café Manager
Peter Green, Facilities Manager
11 PCC members and related parties12024.. 101. were reimbursed for expenses incurred during the
year totalling £18,91012024.. £20,000).
The following trustees or staff members were directors or members of related entities or were
connected to people or organisations in receipt of payments from Holy Trinity, Hazlemere:
Trustee
Staff Member
Suzanne Reeve5, PCC
Member
Related Entities
Dave Reeves Landscaping
Ltd
Related Part Transactions
Suzanne is the wife of Dave.
Dave's company received
remuneration of £1,737 for the
provision of
gardening services to the
church in 2025
2024.. £2,082
For transparency of the prior year, the following additional related party transactions were made in
2024, but did not occur in 2025..
Trustee
Staff Member
Steve Whitmore, PCC
Member
Related Entities
Trustee for Wycombe
Youth for Christ
Related Part Transactions
Holy Trinity Church, Hazlemere paid a
grant of £40012023= £4001 to
combe Youth for Christ
Holy Trinity Church gave Lighthouse
the use of our facilities free for a week
to run a holiday club, and donated
£50012023.. £0
Holy Trinity Church gave Lighthouse
the use of our facilities free for a week
to run a holiday club, and donated
£500
2023.. £0
Sue was, for a period, the joint CEO of
Welcome Churches, to which the
church donated £1,50012023:
£1,500). Sue was not a staff member
at the time the gift was decided upon
by the PCC
Suzanne Reeves, PCC
Member
Trustee for Lighthouse,
Hazlemere
Ali Hazelton, wife of james
Hazelton, PCC Member and
Warden
Trustee for Lighthouse,
Hazlemere
Sue Butler, Staff member
Welcome Churches
PCC members are reminded to declare any conflicts of interest during PCC discussions and abstain
from voting.
32

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
9. ANALYSIS OF FUNDS: Current Year
Movement Of Funds During The Year120251 /£
Opening
Balance
Income
Expenditure
Transfers
Closing
Balance
UNRESTRICTED
FUNDS
General Funds
Designuted Funds..
Fixed Assets
332,243
617,597
1595,4951
12,2521
352,093
123,196
126,1271
2,134
99,203
Total Unrestricted
Funds
455,439
617,597
(621,622)
(118)
451,296
RESTRICTED FUNDS
External Grants
Special Offerings
Total Restrirted
Funds
798
16.124
2,745
112,0381
12,7451
(14 7831
118
5.002
118
TOTAL
456,237
636.466
636.405
456.298
Please see Note Icl for a description of the funds.
Transfers between funds totalled £2,252.
A transfer of £2,134 was made from the General Funds to the Fixed Assets fund 50 that the final
balance matches the Net Book Value of the Fixed Assets (Note 41-
Some of the expenditure in External Grants related to purchases to support the Outreach Youth work
at Holy Trinity. A small top-up of £118 was transferred from General Funds to give the final balance of
c. £5,000 representing Grant Income received for the new expression of Children's work at Good
Shepherd which will be spent in early 2026.

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
10. ANALYSIS OF FUNDS: Prioryear
Movement Of Funds During The Year1202411£
Opening
Balance
Income
Expenditure
Transfers
Closing
Balance
UNRESTRicfED
FUNDS
General Funds
Designated Funds..
Fixed Assets
388,159
576,341
1554,8061
177,4511
332,243
75,938
125,8211
73,079
123,196
Totul Unre5trirted
Funds
464.097
576.341
(580.627J
(4.372J
455.439
RESTRICTED FUNDS
Buildings Fund
External Grants
Special Offerings
Love Fund
Personal Gifts
Total Restricted
Funds
13,8681
11,6201
14,1461
3,868
2,414
4,146
798
15001
(10,134)
500
4,372
TOTAL
582 901
590 761
456 237
Transfers between funds totalled £4,372. Some final costs relating to the Trinity Centre construction
were paid out of the Buildings Fund, so a transfer of £3,868 was made from the General Funds to
clear that fund to zero. During the year, the PCC approved a gift of £500 to 5UPPOrt a Youth member
of the fellowship on a mission trip to Africa. Thus a transfer of £500 was made to clear the Personal
Gifts fund to zero. There were 2 External Grants. The first was £414 from the Diocese relating to
"Continuing Ministerial Development" to enable some staff members to attend a training
conference,. after payment, a small deficit balance of £4 remained so was cleared from the General
Funds. The second External Grant was again from the Diocese for £2,000 relating to the Youth
Drop-ln sessions. £1,202 has been spent in 2024 with the remaining balance carried over into 2025.
A transfer of £73,079 was made from the General Funds to the Fixed Assets fund so that the final
balance matches the Net Book Value of the Fixed Assets.

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
11. ANALYSIS OF NET ASSETS BY FUND
Unrestricted
Restricted
2025 Totsl
2024 Total
Fixed Assets
99,203
99,203
123,196
Cash and Deposits
350,763
7,021
357.784
333,560
Debtors
6,381
552
6,933
8,015
Creditors due within l year
15,0491
12,5731
(7,6221
(8,534)
Net Assets
451,298
5,LN)O
456,298
456,237

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025
12. PREVIOUS YEAR'S STATEMENT OF FINANCIAL ACTIVITIES
STATEMENT OF FINANCIAL ACTIVITIES
For Year Ended 31" December 2024
2024
Total
2023
Total
Note 10
Unrestricted
Funds
Restricted
Funds
Note
INCOME
Donations
Income from Charitable
Activities
Income from
Investments
Income from Trading
Activities
Other Income
TOTAL INCOME
21al
21bl
476,957
4,2QX)
6,560
483,517
4,200
488,408
1,050
21cl
9,575
9,575
7,997
21dl
63,125
63,125
62,734
21el
576.341
6.560
582.901
622.719
EXPENDITURE
Expenditure on
Charitable Activities
Other Activities
Governance Costs
TOTAL EXPENDITURE
31al
492,269
5,767
498,036
476,841
31bl
31cl
86,024
4,367
90,391
85,591
580,627
10,134
590,761
564 652
NET
INCOMEI{EXPENDITURE)
BEFORE TRANSFERS
(4.2861
(3.5741
{7.8601
58.067
Trdnsfers between funds
14,3721
4,372
Net movement In funds
after transfers
(8,6581
798
{7,8601
58,067
TOTAL FUNDS BROUGHT
FORWARD
464,097
464,097
406,030
TOTAL FUNDS CARRIED
FORWARD
455,439
798
456,237
464,097