The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity. Cheltenham Annual Report and Financial Staternonts for the year ended 31 December 2025 Registered Charity No. 1130299
The Parochial Church Council of th8 E¢Glosiastical Parish of Holy Trlnity, Cheltenham Annual report and financial statements for the yoar ended 31 Decembgr 2025 CONTENTS Annual rewrt Audltor's rel¢ 8-10 Statement of firla1 &tivit*s 11 Balan sheet 12 Cash flow $talemenl 13 Notes lo the financial statements 14-22 The Parochial ChLirch Council of th& Ecclesiastical Parish of Holy Trinity. Challenham Annual Report and Financial Statements 2025
The Parochial Church Council of the Ecclosiastical Parish of Holy Trlnity, Cheltenham Annual report and financial statements for yoar ended 31 Decernber 2025 Trust••s RepLYI Admln15tratlv8 InformatSon Holy Trinity Churd) (Trinity) is situa1 n ChhaM. It19 part olthe fA(K858 of Gh)LKe51er lh8 chUh of England. The corresponderte ad¢rEss r& Hoty Church. Trindy Fknse, 1(J>102 WchtmLe StreeL CtnhaM, GL52 2NVI. Thè P8TDrhEal Church Counal ol the Eoth&asti(3f Parith of Hoty Trinty. Cheltenham is 8 charity registered Ni Th6 LJK wilh the Charity Commiss¢orK charity nurnr 1130299. The PCC are also governed by tho P8rothial Church fvcil (Powers) Measure 16 las amenikdl aThJ the Church ReprrtL Rules 1W l&s arwledl. Officers arKI Trustees have 8eryed frryn 1 jarUry 2tr25 tI Il thie Ihks rBport vrds 7wroY8d are: Name Post Iles lif part tI Offlce Rov Andrew Blyth Nicholas Eden Chair Lay WJce Ch31 Twsurnr Untl 20Th Juty2025 Fn)rn 20th JU 2025 Chistine Tabemer Hden Moss Camlin6 Br8cAton Jufia TM$on Untl May2(Y25 From 1 May 225 Sectary are Benton E18d8d Rev Andr8w Blyth C8rolin8 Breckon Ex-offioo Unw 20th Juty 2025 Russ811 BrDoks Jaffl98 Cl8PP Nicholas Eden Elecied Elected lithael Fuller Rev Simon Fèllo5 Rathaèl Gi Rev Tlmothy Grew lona Hay Julie Kenn Ex4)ficto Canery SYWKE From May 2025 iZ8beth Lang 88ry Lambert Rev Graham Leigfr Martin Lovegrov8 M)ss ChtsrchvArde chUrden l.x-Offjc Frcmn June 2025 tkanery Syrkxl Mert ed Untl 1V IAay2tr25 Patsid( (lay1 Jonathan Norrfs DeaWySYXj Member De8ySyrAl Frcmn 26fft JaN4ry 2 eGted Davld Rowe Rob Ry8ri Henry Stev Mikth Troughtrjn Sophle Whlskef Rgv Rc4erVlitknbe Elected fbanary SyrKKJ MgrnbpA Elecied Unl11 W Janry 2026 The Parochi21 Church Coun¢ll of the Ecclesiastical Parish of Holy Trinity Annual Report and Financial oPtalemenls 2025
The Parochial Church Council of the Ecclesiastlcal Parish of Holy Trinity, Cheltenham Annual report and financial statements for the year WKled 31 December 2025 The chaiibes. Bankers. Sofirytor5 and Aud aro.. Solicltors PPE so11t0[s LLP Sl James, Hwse St James, Squarè Cheltenham GL5D 3PR Bankers NatW&st 88nk PLC 3 1 PllKnenade ChdlenhJn GL50 1LE Auditors Prtt Godtsn & TaOr LLP Unlt 3 Ambrose House Met&)r Court Bwnet Way Kng(knrn Bank PAedsa H¢Ju8e Padgè Road B88Stop, N'othrrtJham G9 2RS GINJr GL4 3SG STrUCTURE, GOVERNANCE AND MANAGEMENT ObJectlvas and Publlc benellt The M18slon tenI for Tthty Clll6nh8m 18 b.. We cornm of J&wy. vtho chary& comrnunitses natk)ns for Hlm.. In 5irnple terms. this means Ihatvffj aty anNrHJ 10 share the Chrisban laith and pgoplg in theirljmeY of (Wscipleshfp. serv& the needs of our local convThmlty and impact for the goc¥J of ai acrDSS Chemenham, throughout our der region. arKI th8 UK and beyThTrJ. ThoTrustees- metnber5 01 th8 Par(Khid Church Cwiol (FfC)- ar8 (x)ttl8d to enaNing as many people as po8&bFe to engage fft lIC wotship atTrinlty and bwne rBrt oftre C(ThIVI rflhey wrish to, forCMsUan teaching and supwrt. We maintaln a policy of oftaring éverythrng we do to SK)n8 of the (xbrnnty in an f4)en way. wlth B portfolio of ministrl¢s and pr8cticd support to r[t the dNerse needs ofthtr OIChthh and wKlercommunrfies regardless of f8ith. The PCC are mlndftA of having due regard io the KIar0 on br bengfft piJbThshed by the Charity Cornrnission In ex8rrislro thelr rMwrs and dubes. Membcrs stsrc ¥+ith the IrLyJmL the wthole Chrfsthin rnIson ofTrinity Church . pa5tordl, evangelist 80ual and e¢umenlcal- aml 8xAmples of the publc tlNs brfrwJs Ixn fourwj in Iho summary Ofach&Its and perfomiarth lthin Ihis repcrt Recrultrnnt Induction ot Trustees The method of&pp(Nntment ofthg Ttst8eS Is set wt ir. U)0 ChwthofEngL8 Representation Rules. Al aitEnding règul8wty for 8re eAuraged lo rew.ster on Ihe El8rtoral Roll aTrJ may thèn Stsfid for ethl)n lo the PCC to serve alongsNJe licensed P2rish Minister¥ ond ejected Churth wa as board of Trustees. Cvring the procèss of81e¢tk)n, polential Trustee8 are mth aw&a of Ihèir wsib"t in rektion to CharOe5 comn¥sS gu>daw& and the cheAtable objectives ol Trinity. Nwly elec TnJstee8 meel th the Chair fDr an lThJuclh)n lefiTrJ koy ms of resp(ngbibty in particular relallng lo ¢ct.1¢1$ of Inter6sL finane, s4lvJuard'TrJ aTrJ putlic benefft. CJrirg tr8 first nEeling of the PCC fvllowino each APCM, the ChairatKJ Olficersgivg a fvrtherbrlety on matters. At 8ac sthequent meetin9 oflh8 Trustees att6nllon i$drawn to potential ConftKts of Intere& SafegUaj and Finra •frfJes. statutory RwJonslbllltle5 The trustees ara respon$4ble for J)repiro Truaees. Rewxt 8nd th8 Xts in accLrja ¥th appTr¢able law and Uniied lfjnDrn Arrg Standards {UniteJ GenY A(zepted AcwJnb"rKJ Prc•). The kiv applrable to charibes in England and Waes reqLlS Ihe Iw5te¢sto wetw8 accounts foreach frn¢L¥ yearwhlch vè a trtt8 and falrviNol 8tateof affws(rfttE ChY arKJ of th8 IrJTr)rniTry re80urcesand apPIatrOn of resources of the (8riiy for that yw. In preparfng th858 COl th8 iteeS are reojhgj to: - 8elect 8ultthe accounting policte5 then 8WtyIl o)rtsislentr. - observe the methods and prinGiFrfes the Charibes SORP: - mak2 judgements and 8slirnates that are reawnthe avj pn . $18tg trether appliceble acc0unb stsrKJards have Iwn fdkM&l, subject to any matuial departtjres dth8ed and sxplained in the accwnts" and - pr8pare the a¢cowts (Wh lh8 cThicwn b&is is WWprie to rKesum8 that thg ckngrity I11 continue In operahon. The trusie&s are rwonslbtè forkÈeping Sufficient &c(vJn6ng re(xvds that dI%)$e wlth reasoftabla a¢euracy at any timo the fin•nclal pIon of the charity and enable them to en8ur8 tnat ti18 acc(Kmts (x)mpty with Charities Act 2011, the Chadty (Accounts and Reportsl Ragulations d L48 provlwts ol tsust ¢Jeed. They are also rgsponslbEe for safeguattliDg the assèts of th6 charity and hgrKe for taking Sonae sts for the pyevenbon and (ktection of ftsud and otrer [ffegurits9$. The Parochial Ch urch Council of the Ecclesiastical Parish of Holy Trinily Annual Report and Financial Statements 2025
The Parochial Church Council of the Ecclesiastical PaiTsh ot Holy Trlnlty, Cheltenham Annual report and flnancial statements for the year ended 31 December 2025 The accounts lfinanei81 stementsl have been ptopared to gNe a fairf vio ayd havg dgrted from lh¢ Charitjes (Acccwnts and Réports) RegaltOn$ 2008 onty lo the ¢xtent required to pmvldè è 'truè 8nd fairf vivN This departure has illvolv811 followng ACCoLT aRd Repowting by Charities preparfrwJ th&ièccounts in accordance the Financral Reporllng staThl8rd applicable in the UK arwl Republ Df Irdand IFRS 1021 ralhor than Lle Accwntsng aTrJ R8partin9 by chatlE& ststementof Recommended PffXt( 8ff8cliv8 from 1 Ap¥1 25 bew wthdrawn. StruGlure and Op¢rallgnal mageMent Tho Trust$ seven times dLrriro 2025 irlg thg Mfll. DJdrwJ thès8 m8etirgs. reports and agen(ks enabkd them to Way, discths ar.d r&eW all astS of Trfrjity's govenwnc6, poki6s, a&8elS, Staffiro financial perforrnan. Reports were r81Ved on actrYe5 in aN rniniw argas fy) eTratJe tntstbes to 8xerci5e oversghl, offer encourwJnenl and prayer. In the continu.'ng aftemiakn oftho Q)ronawrus pandem',c, particuL4ratentKmNWdsgv6n toanynecessary adjusknents to planned practical activities. pasloral re needs, finan¢tal att6. 8tr&Jgem and safeguarding. In additlon. some me&tinLS vwè conv8n8d as part of the pro$ for seokir¥J the pwknlment ol a nèw TEam Rector. followng thè dèparture of th8 Rev Andrew in July 2025. Standing Committee (Senity Lead8fshw T88mJ Due to tt)e stie of Trinity, to frdcilitst8 and manage the of TrusL th¢ fwstees delegate certain authorits8s arwj rg4)onwtilities for day-ldaY opeyab'ons to an appointed St8ndiThJ Commit. Tha¥8 merniErs 50 see on è wder staff 'Senior Lea¢er3hir> Team. to ensur8 ujordinatth ar¥J Imp'ernent8ti Df PCC decish)ns inCludg v181on ities, 8lrat8giG plans, safeguarding. rnanag0nt0f&aff and w)lJi nteer5, finawal pJawNng and budg8lcontrd. Members of tho SLT a not rnemb8rs af the PCC affj ated by th8 Te Rector agreerrnt aftho PCC. ThroLuh gularreports, th&Standing Comrnlttee and vknrSLTèlnt&j8 to the fijll PCC on al acltotk% tsken, on pr(Jress prioritse5 and outeomas. In 2025'he StsndlTrJ CorM)litse" and Oth81 SLT belEr¢. R8v Ar)ew 8Mh- Tearn Rectoff - unw JU 2025 Rev Fimothy Grew-Tgam V.. Eb9th L8ng- Chureth%4Rreen" Bary L2mbert- Churclh¥arden- Hilary Gw- Lay Pastor Rev Sirrv)n Felkws- Curatg- Jonathan NOr4- S8nlorWorshlp Paslot Helen Gtynn- Assodaie Pask ResouFf8S Grwp The PCC delegales as[ts of operational ovefsght ratir@ to DingS FabwE Finance and HR io the R&¥oUe$ Vlorking Group. The Group is thalre¢ by on8 ollha ChurdThr&den& mer15 are g mtx ofncmlnated PCC members las a Tn40rityl and memtiefs olthe Ghh c[alist knovAe&Je u) levant are3s.The Grwp meels belween PCC meèbng8 lo monKor delegated rt$, make recornTrENfatior6. wr9Je agreed Obj aTr1 rewtbath lo the ful PCC. S8f8gu8rdirg Gr The PCC delegate5 L1ay4o-day artd kn{lentSti of [Eed and pkn to the SabJuarding Grp. The Group Is chaired by a member oflh8 PCC aTrJ rnemtethp irrj$ n(knaj trustees. Parish Lead S3fegusrdir Officèr ar,d the ParisP. SafeguardlroJ Admkni$tor. Thg Grwp repts lo each meet¥KJ of the PCC through an agreed 'D8shkKMrc' rert and PL2n formaL Stleg Partnershios To best fulffl Trintvs chanlabfg obiotas, PCC Irianr a number of stralC parIneips. A8 an E¢dea81 Parfsh In the DieSe of Gloucester, PCC closety bhlth ollrthfiLzn parishes athy ihs wider dkn¢%se e5pecialty In relauon to minlsty authorisadon èJKI prd¢tw. Sarogua.W [(dUreS. financa81 control aid itr.e maint]8[ of Trinivs Buildings and Fabric. The PCC 50 pathers dosdy ihe Trirrity Cheltenham TrLtst Litruted. ne Trust, the Kingdom Power Trust3nd the Love Cheltenha.m ofW cMr(the& Key m3nag8m?nt personng1- remuneratlon and confll¢ts of Intsrnst The Trustg8s consider the PCC as the 8oatd of Trus+ees and the Standing coMltte? rrKsmbgr5 of the SLT as clprIsing the key managernonl pÈrs¢y)rtl and cor.troUrg adivlbes on a day to day bas. Tha T88.T R8ctor{IrrAunbentl, Team Vkar af Curate are Icensed to the P*tsh by Ihe 8i%hop of Glwc8ster and a paKJ dlrecuy by the DjSe ol GPou(Estpr. Otherwnte oflhe FCC gNe ofth2ir timevoluntsrily. The TteeS are aware of. sed( to fFwwe Gqrefulty. ile p)tsnlial for any of intwesls. Ary Oeclarabcn ol Intor9sts Is wuired at all rtwtings and any pgrson concun¥l reqJired toTrMihdrwlrom anysecbon of themeeung relating to ihese matters. Al pay and remunera1K aFT3ThJetnents fvr m8mLxrs of staff ère d':recty reviewed by tre Resources Worklng Gro and apryoved by the fun pcc. mi11 ofthe Cbjrch's dorttabk obiethes and TespDnslbilitEes. The Parochial Church Coiincil of the Ecclesiastical Parish of Holy Trinity Annual Report and Financial Statements 2025
The Parochial Church Council of the E¢¢leslastlcal Parish of Hoty Trinity, Chellenham Annual report and financial statements for year ended 31 De¢en4)er 2025 Rlsk ManagoThnt and Safeguarding On a regular basis. tho Trustees dk$Cuss awss tohKh Trituiyi$ exwwl consid&rthè $8fb3uards that G7Tr b8 implemenled to mil'gatè those risks. The T.teeS con&7der the major [$ to Include Health arKJ Sa',&ty, Safeguardlro matters relalrvJ tts Fknall(y Bulthw.gs Fe. In ardan with Ihe StatementofRecommèndèd Practice forchallliES. thg fntst8es 8nnualty wew and update th8 forrnal risk asses9nent He8Ah & Safèly l arèas of church Ilfe and mintsty rety on the dedKafjcn sfvjll of th6 #aff Ènd volunteers serving on ministy, Dperauons and adfflir4strabve L&ams. Tha Trust1 rwnisè that gJFporL traillg and 8ptryriate supeNIth for Iham Is a key area Ittrr cxJntiww8 attentlon and improv81rt Al areas acliwlies are c¢Nered by sk ass6ssrngnts and kvth procedures. Safoguarding The PCC arg fulty 3ware of their hepJhtened re5p(Ni8ibliie5 for the safeguardiThJ Df children wlnerable adults. ThroLvJh th8 work 2nd reports ofthe Safeguartfing Group and SLT. Ine PCC 8riSLlles fuu Cofflplian wth ihe Safeguard9 polldes of the DI0Se ol Gk¥Jc8Ster 8nd tho Church of EngLand. Tr aKAn11 SafaJuardirKJ Lead Offjcer and Administrator rngel regulartywth au th088 ir8cty invdved In Overseei mlnWa(iwfi and e@S9n rèprèsentaiwèsto conduct dotsiled thecJng ol pro(%dure$ {j 'case wherg apROl.e. Ml aaff and volLnteers aFe required to Comtyèta referen forms arKS rE1Ve Tole de8cripts.ons which hpahlight 8ssenbal sawuarthng pdues and prdcjj'ces. All membets ofthe PCC, I stsff and volunteers Involvad in dit activites wilh Chre an(V?r neratIe 8dutts aTE to un¢J8rtake formal 8afeguardlTrJ theck5 and tr8inibJ appn)pri lo trlf ro ncialCcY7tr Trinity's finarKes aro rdlant on v0lurtaryg1vr ty m8mbars oftha church. Th8 PCC * consdous Ollhe need to ansure 11 and transpat 3ccoullting prwedLres fOrd c(MmUnall0n to ts church fanily on finance matters to Fnainlai trust3nd kve15 of 5UPP¥rt Financial plans andforecastsaradrawn up iho of car&fvJl of ourstrateglc Kwitsritbs In lino wdh 1r NMs&on and In the Ilsht of past financial perfr and treThth. In the PCC'S agreed finanoal proce88es and regular reporting, due caye is gfven to rnitOri3 the source olthiatk)ns and Mknting ary potential money launderlng Dèsplte inherent urertaIne lolhevay whlch we re¢ei¥elhe buk ofour ttYotMJh vc4uttsry donations. hw dom¢)nslrJt8d ¢(dae fina{al lIanCe ovÈran eXtded wi(xJofbBsa restOfth8 olwrcomfflitted church Community ai1d the ability to appeal for grviro when reqLMred. As set out Ihe 3rtornpanylng fnandal statemenis, dua to the contlnulng16vel volu1ary gNing by churth rrnbar9 8nd man&Jement conlroS. we are thankful to hav bBeo able io undertake Iha lull proGr8mme of¢arfta4e athib&s pIar1 for year. Pr8nws8$ All usad by PCC are insur8d and ri asses1. Triiity is irspe¢bJ. maintsined and irtsursd in line wth V Church ol England's guidallGe and reguLqkn8. A .wxt the thL¥ch fabric Is Incbykd in all Theetings of Ihe Tru5tefSS. within the knual raport and to the APCM. KEY ACHIEVEMENTS. PERFORNcEAD FUTURE PLAMS Trinty has continued as a large thurch cMmUnty seThtrg pe In)m a£55 the of Chgjlgnharn and surroundlr region, We welcETrMe anyo S0 Msl)es to all thjr Ilar Sunday 8rns and other xtsvrfJ"es the week a approFNfjate. We maintain a Electc¥al Rou of Ihose enbued to ¥Le in Jr fomMJ rftaetiFvJ3 arKI Ihis rErrted al eaL) Ann1 Gener21 Mépting and fil Mlh Minute& A Idal Of3 nam8s wèr8 on registEr al 4th May 2025. However, thè Roll do85 not reflect Ihe extenlofour'rrernbershlp Th)rtho scq)e of our knptand influenc&wthin Ihe MMUnIty. Thraugh the year. w¢ wntinued to see IreaSr& ThJner5 attenLfjro on Sundays and engagw writh wpekty activltEs. Wo esbmate that th8 tOTal ¢omwnity ctactS w to 4)proxlrnat4y 1.3(Kl Jeople(g adults and 400 clldrwwng p6(W#l. We also continued to erw on4ine wrfh a 8TrJrdficantnUmbOf1Qfrorn aw%Je rwMJe ofhxallcffis around th£ UK £nd aGTr&s the world. The PCC renwlned comnNtt to seNhYJ ofall age5. laces. s(Mi. p8r5( baLQndS andertUmstares thtwh th8 5trateglc vLsion. AJI In with G(Kt.AH in each olher arNINI kn for Wortj.. I In wlth Go Sunday celebratrons have remai the key expresson of ourcotwate I¥(st. Vfith thè blessing of reJr¢eS arKI experbse. cw staff and voknnteer teams have Lxjntinued to maintsin a hybrid Dr Trysical ond ¢nline worshp. We have gaihereij irn?askru nWDb9 fv worship. pr2y6r. taaching, fleets0n 8nd fellO5hIp lie4/e we have a palltcularng 10 (Jo this in a way that Sè8ks Lo b8culturaliy relevant especial lamHies and Cildn. young and youTrJ &JuN5 usw*d( by week. The Parochial Church Council of the Ecclesiastical Parish ol Holy Trinity Annual Report and Financial Statements 2025
The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity. Cheltenham Annual report and financial statoments for thg year ended 31 December 2025 ()Jr kay obRe¢trrfe to eqthp paople in Ihew di&yplestrMp was expressed a nurnberof vdys Continued $upFort fft. in our ofwedty 1ScleiP LI Groups. Sevefal cefitralLsed t8&hing resources and c(wJrses. SLth asAlpha. ElorrMI & Freedom In Chiisl Continued locus support for spirTtual pwlicg5 through ts Trjty,RLe ofLKe'. DeVep8 nwwéi8C4pleship groups KK15 and Youth m15ty. We ¢ontinugJ to tsy io F4ace Prayer as the urthrpinnko foreverytt7iNJ we th: We condnu8d bvith r>[FY 'Kin10M Ccfte' prayer rruch encouw tQ 89e increa&ThJ umber5 attding. As noted in last Jparfs annua repm, we havo seen cwtion of a dedicaied 'prayer roorn. on our carnpus as being a key 101[. This was realk8ed.hilh the estabkshing ol a dethcaied spaco in tho knsby oTlhe rnain church buikling. We Fan and suFwrtad varLNJs SF( rllratives [ru[ng a 2417 prayer 8V8rrt al Easler We contTnued lo rrwl th other local L¥thr Ihe umiYeNa of 'Love Chelienham,. All lrt with each Other As a larg8 church. galhering ni smal groups and soo81 events rmhs tyuddtOCL¥Wbonad the health ofourcornmuni rife.. Fof adul,. members. primarty through the neiwork of'Life GrDLP8'. For Ildrn. yLwJng peoplg sbJdent& thYcW 7heetdy gmups kJ¢futhg d. and I0ball aThJ thr{h spe¢ral events Induthry a ChrFstmas Pro Light Paty and Summer party. For splf..C ¢emographicgFOUPS- we (2ffered wa$ (knJi(3bJ g.p$ and adNitps fr)rmen IliTraklasts and g)aal events). women IbmkFas15 and events), ddor {Prirn8bmÈl and paranb and cargrs IWhisYeslopl and for Young Adults-, 'Co118ctiv (worshp and praytr even5) For pwle f8allg lonetiness, de}rat)n, èxduon aNI howg Issues- offered the Transform. rnlnistry grou (Kings Tae, Monday TIE Garage. Wun$ Space) weekty'Lfvv¥4 Room. drDp n cafa. Pasto care OUT Pastoral Care c(x)rdnator has Lmdertaken ¢are frYthurr wnbers and CnI1UJ to grow a volunteer ngtwork a1 routesto nKfe SFeuallstSUPF¥)rt,forpwple in De. Tty meel monlh(y wihP doroyand olher rrinistry loader8 to by to ensure good ¢JKKrfinatron. Various spal coutsés w8ré off8r8d through ts year to giv8 sutv)rt thmugh kgy lrfe ¢IUmsnees inckndlng m8Friage. dpM1, parenting and be(eavllent A speual sgrvtc8 for the was Offed and another swlce before Chrtslrnas for those who have experi6neéd th8 death or loss OfchijrEn. AB reported above. the conkned d8velopm8nt Of( PCC Safeguardlng group has signffi¢xntty tyicreased the18V81 of reSr¢3 gLyrvJ Into fhts kpy area. A5 8 lar churth COMM)Ity, we find oursefves respc¥iding to a18rge volume ofcurnenl ane nofvig¢enl safegudw tepDrts a1 C1$-In every case. thes6 are immediateh/ rertj io thè lice lrfreT8var.tlar¥l lo thedk)cesan safeguwdg team trwAlnya)d suidarKoon acti¢8 especial1th regard lo CtiMS and Infommoon aNI &xpectalTh on thguarding rnalkn are hh3hlwJhled to all m8mbeT5 of PCC. staff aThJ vOntE[S OTr a regular bags. As gvgr, all aclvfties reld cffj our staff and vdLH)le6r& The PCC are extrwndy grat&fid for Over 300 peop semng in An ènorTTh)us range ol VDkn)iary rDles incIlIg large teams cn SuThJays for hoslng, producllon, WO{sh). k'ds and youth and during theweek foTransk>rm and othergroLPS. Thè rnembers of our avJ skrf1 Stsff team. Through the yw, resourM allowed us to makK) a numlwol chaw in and to make rlarts ts th& W appintmsrt ofa new Kids Pastorand 8 new188der foryouth early in 2024. All In for the Worfd Throughout ihe yw. we so(tyJht to fdfil ChrisEran trJ the 4Jifrtual needs ot wple In ¢ommunlty. W8 ran 0'Alpha. courses to IntrothKe guests to In'Transfr)mi', we offered food arml p1031 ttelo trwh KK)gsTaNè' mèdg and th&woAo uf'SlrEel Teams. In pathership 11 SPEAR Ifcrfrnerly kriOWI as the ResLKg9 Trustl we saw great success in Ihe SPEAR Irdlnlrg pr(¥Jwarnwe- helping 1&24 year c4ds Roc ir. 6du¢xlion. a10yment or tratiT)J. Tha team exceae(I targats for the number olpeopF& bang se.tyed. fundra1 aThd pathetships. We continued valuéd path81ship w,th H(ty Tiinty Sclml through ts¥o a¥Onied 'FOUndatk Governors. and through rn8mbaTS of our staff tean runnin9 ir ¥wlh the haol team. As well 8$ eonlribJbng to the overall edWatt(al and Writuallrfè oflhe wpwereJain to W>VKlowdrvs ofpractical help. The Trustees have remtined commNted to frfniws (llwy to serve as 2 Restyjrcè thh. In Ihe dk)e888 of Glowester. We have boeTrd$lighted tos891h8ftthgrIJthofthe ntrAfchwchplant wJlheCcoFeYs Edge houng deveknpmenl near GlrAJcester. The Parochial Church Coiincil of the Ecclesiastical Parish of Holy Trinity Annu<il Report and Financial Slalemenls 2025
The Parochial Church Council Of the Ecclasiastical Parlsh of Holy Trinity, Cheltonham Annual report and financlal stateménts for the year end 31 December 2025 ThroW these Fyojects and in partneh ¥¥lth Lova Challèrthajn. antirrtje to rnake ourivcyship rgsources and experience avalk& to olh8r¢urches. We contjnued actNÈ WPPOrt ts a nwrthr of ovewseas nyssion pavkners Ihrrmoh trAJth prayer financFal giving. In all cas&s, wé havg penal contacts and reporttrrfJ to ensuTr Ihe obW% oflhe rn510n are aligned with our values arml poli9". OurnKTrStwgnificanlportr0hjP reMa$¥Athfh8ArwJkaTr DAx ofKericho, Ka. In 2O25LeteaM fromTrinity wisltad to sharg n mission prolects atxj 56verdl vFs#s are pled next year. The BlshÉy of the Oi(xese 'fyas again to the UK where we hosted hffn * his archdeacon at both Tiinity and Ihè N8w Wine fesb'val. In 2025. we gave a total of £14,880 to." Abi Rewj. Gwt Lakes iknach. misn mthnIa, New Trust, Roshan & Lts ¢E[aS1[ty. PErre &Adelae Ro KÈlia Rocs ICMSI. We also continued ¢JJr SUP1 for a number ol UK chatilles i[KdIr3.. Hope ts jtIce, Cw)assion Open Doofs and Intematknal JustSc8 fvllssknn th8'New Wlne. rk ofehuthes. BUILDINGS AND FABRIC Our lfvIde$ take pla in our rnain w0h1P s. Hdy Trfnity Chwch on PorUaThl StreeL and also throlsh th8 Ilcon88d use of properbES OWr by th8 Trfnjty CheKgrtham Tst ITCTI- bnll spaces in Trtnty Fvsion. and'Trtnity Hous8, and offica spac85 in 45 Porlland Street. Thè lalier. Lwro rThJckn Goser kration than pr6vlouY. has ry)ntin[ to enable bett6r wong acm&4 t&8. The man urg8nt focus for ImprovÉm8nEs tInLes to be T8pT$ to thurch Iw 2nd for th8 ro8rErr1I of thè stsin gla$5 wndow5. knvèsLyabon and plaTrIng woyk i% [lertaken for both wojects and tx)lenbal of fundwj lindudrng grèntsl are bng expl(Ke FIHANCE This year was Jai ch811eroing arKe$ bxEe Kwses kn operab"ThJ expanses in 88vwal Gategolles, porbculaty in stsff-reL3ted expenses folkng itKrea5es in sta0 Natlmal Irsur8ne8 Conlfjbutlon& Consequenty, the Trustees Introded expens&sawng tneasur25 auoss al n1n1e$.. in b(Lr. the Trustees dldd k) stop payTng any further"Paiish Share. p.ayments I¥¥hh a VOntary in lts[e- see (wthero)mmontary under'Financi81 uncertaintie5 and plan< balowl to tha Dese from Septety&Jer to ihe end of De1)¥8d b lesve vacant th• staff posts. Thes8 m&asure8 enabled us to end the year a surplus {see bdowl. whM w&s necessary to restor8 our cash rrS lo an apwoprtats level. Inccne from giwry IreaSed SI1 cwFed to wor year. The Trustees h8v8 len these factors i)to account in devdoping m¢Jre conservative forwts trlhe comr.g year and belwe thal, wth continued l) churth tnetnbership, Ir also increaso. whli st fhe [S on cth)troJirNJ Bxpens8s wll rnaintaln6d. Totd incowng 17 2025 was £1,145.73512024 - £1.147,$26) d& kn ov8¢11 hKorne received duthg the year. Olth&, £1?.9,41812024-£166:660lwas weNed tr4)8(ift athity aThYas such was restricw thIn our8(aunt8. DuriryJ e yvar, a total of £142,644 recoved Ihrough Giftd, rnpad to £136.3Q9 Trcov8r&d In 2024. Toial oxpendStuTr in the yeaT IYa5 £1.121.266 coryarerj to £1.174.352 fn 21r24. Oftth £l46,5[2024- £160.41r21 wa5 expended agaift51 reslrided lurxts. As a resutt, Iheovftall ITVement of furxts showed a sulUS for the yearol g24.469 12024 - £26.826 da111. The undertWng operatirwJ Wus tor Lmre8tsicd frmds was £41.671 ihe year cc¥npared to a d8fkit of £33.084 In 2024. Qfthe £129.418 of r8Strirl8d IncoThÉ receNed 1hoy0ar. arKI the £143.YJ7 resfthknd tund8 brOt foThv8rd. £146,5 Wds dIsbUrld. The restricted funds h&e been mg-fwKed in wr accotmis aw¥J wtll Lr utslsod for thelr Inlended PL¥POSè during the comiTrJ years. Within the unrostrid8d thds the Trustees ha £28.IXM) of in¢>JrrE fLY Ihe rep8u3 needed to the thch Imr, the repairs requlred io the slain glass MI theAV pKxJudhn upgrdde5. Flnanclaluncertslnties ond futUTeplans The Trusleos rewlse the Inherent wKèrta¥illes volLntary firrs. W8 that Ihe stgps take through the yèar demonstrate both a levd 0fjps1i8n 8rKI our 19 reswnd to clwng cIrcurl9re$. fru8tees Cieaty reCOgSe U)al uThJer charity kawTiirwty must al all times bè ab18 to mDBt aj its oblYJatons as a'goi com,. iherefore the TTU5tees wiu conllnue". lo income 8nd expeThJilure aThJ to pmyrdè morthty martajnI to tho Rosourrks Grw and furl PCC. Budgets arKJ spen{Ji tAans tor ministy areas athitias wll t9 aJjuS1 and upjaied accordlngly thrcMJghDUt the year to ensLLre 811 rernents as a '9ob)g eorom. and approprrate Iwels of reseryes ale being maintained.. The P¢1rochial Church Colincil of the Ecclesiastical Parish of Holy Trinity Annual Report and Financial Statements 2025
Th9 Parochial Church Council of the Ecclesiastical Parish of Holy Trinity. Cheltenham
Annual report and financial statements for the year ended 31 December 2025
thin our bu¢eling and forecasts. ID eTrsu that inCC frcffi regular rnthty stsnding Orde remarns sufficient
to pay staff and to covèr immediate katmlties".
to continue to make GIftd 1m$ thlY to improve cath fltrK. and
to updat8 the church family JularlY on its finanrial po&tK)n and to ancourage giving as part of its Chrisuan
dixipleship teaching.
The Trustees also note Ihat the 18rgest dimbonary buthJet outg¢irMJ is a thlY Parish Shao eontribu)on to U)e Dese,
wfvich is u$8d toward5 the Sts ofour licensed rnillister5 and the wider mintsby of the DCes8. This is an entirely voluntary
contrTbution snd as circurnstances dictate. wè èr8 able to adjust or sUSp)d payynentS 8nlY to ensure sufficient cash-fiow
and reserve8 are availab to meet other obli9ab(w.
As announced in early in 2025. the Revend Andrew Btyth18ft Trinity on 2[ Juty 2025 to take up a n9w ministy wst. The
PCC in consultation 1th the Bishop of Gk)ucesier teJan dSta1 planning Ihe vacancy and recruibnenl ol a n8w team
rg¢lor. The Trustees pleased to port thatTrinitYs stsff team have to dat& damonstrdted its ability to cover 811 practical
responbIlItieS during the vacancy. The Dic
Tha Parochial Church Councll of Ecclesiasti¢al Parish of Holy Trinity, Cheltonham llldependent auditors. report to the members of The Parochial Church Council of the Ecclesiastical Parish of Holy TrinÈty, Chèltenham Oplnl<)ft We have audited the frjaI statemenls of The Churth Cth4tw)l or th8 Ecclasia8kn1 Psh of Hoty TITntty. cheenhaM. the 'thariV for the year end 31 D8cMntrkr 2Q25 wlxch cow.prk80 Ihe 5taternent of financ1 a¢blIes, fh8 balan¢e theet, Ib,e statern8nl of cash flows and the Th)tes lo ts firal 5tatsrnents, Mdudiwyj 8 sumrnary of significsnl accounting policie5. The finawal reportng framework Ihalhas trEen appld in Iheir preparabon is applioble law and Unlied A)Untifig Standards, indudry FinwKtal R&portiry Standartl 11r2 ThèFwdal ReporlTrJ Statdard applica0 in the UK 8fKI Republic of Ireland. Iunlted tfjngdon Genwalfy Acwted AOting Pfactico). In our owlon, tr financial Slatts. glve a and frVIeW of the le ofth8 Charitys ayalrs as at 31 08ctser 2025 and of Iho IncotnirvJ Tesources and PIlGation ofresources. ILS ¥icome 8Th18xK1luTr. year then gnded", hav8 bew prepa ir. accordarKe ¥rifh United Kin9kn1 (knwy Accepbj Accountsng Prth, have been tyeparEd in 3CCL¥dance ith th8 reqerts ofthe Charfttos Act 2011. Basls foroplnlon We cor¢ucted our audit in accorda1e th Intemauonal 51andards on {UKI VSA% (UKII aThJ apC¥bre law. Our r9sponsbilities under th088 siandards are further des¢yibcd kn the auditorfs wnsiblll'es for audit Of ttrie financial stalerr.ents $tIOn or our rerK)rL We are indeperNknl of th& tharfty kn accothce with Ihe ethical r8qutrernents Ihat aro relEvantto our ou¢Jit ollhe lln8ncKql 8tstem8nts In the UK, Ihe F[jaI Reporting CouncTI's Ethical Slaftdard, and we have fiJIled our other ethThl wpondbilities In e0rd w.lh these reqjWts. We believg that tha audt 8wder wé havè obtsined &% tuffiaant arK apprupriate to PtDvid8 a tra?18 for our cyr¥on. ConCluon9 Yelatlng to going e¢Jnc•m In auditing the firCkl statsrn8fits. we have condLhknJ trtthe1n. use Oft goingconcem basis ofacCwnt9 In the pr8par2titin of th8 ffnancial statements is a"ale. a89d the work we have perf0Md, we havè not klènllFd any matla1 eatreS rEL2tirvJ to events 01 conthtions that, IJidUaY or lleCt6}Y. rnay cast Sonint dcubl on the charl$ abrtY lo conthue as a grArwJ concem for a Ferfod of at least trfftlve mth$ frorn wen tho financral slaiements are aurised for ItI8. Ourresponsblilies the respDngbqitfGsof the trleasT respt0901n9corM are described ui relevanl sectiotk of rwrL Oth•r Infonnatlon The other infonnth.on com tha h)romtKl Inchjded in the Trustees. anal report. otherfhan Ihe financia stAtsments ahd lfaUe1tov8 r8port there(. Ow cn Ihe firHncid stalerr8rts dogs not ¢>)ver ihe other inforTfialon and. exceptto thè 8xlent otb.eThbise 8xplicily sk21ett in our rerort. we do not ext anyfom ofawrance ccnchjyon fher80n. In conn6ctfon witr our audit or the fina[ ststmnis. ow ffegkXtsrfty 1$ to read Ihe other infcrntion and, in doing so, COn5KlgrvJhelher tre other informalvjn ts materialty irthnsi5tenl th8 finandal stalemwts 4Jr our krvJYAedgo obtalned In the audit or olh8rw8e appears lo be mateiialy mtsstaied. Ifwe iJentfy swh material inconsJ#.encie5 or apparent mBt6rial nSSIal0enLs.we are rerylred to deteminewhetherihere isa Mat7 M¢sstatLYntln th&fineal ststernentsora matsrial misstaleThenl of the other infwnation. If. based on the tAt¥k h8V8 performed, we conclude that there is a malerlal m188falemenl ol th othw infonrath)n, aro re[r1 to rBtK)rt Ihal F We have rnthlng to reF¢¥t in Ihis rBgwd. Mters on vthlch we ¥È required to rBport by except We have nothing to report in )8 of the fdkn¥bTrJ malters kn rèLthn to Ihe chtieS {AcrKJunts amd Roports) Regulations 2008 rsquirg US to report to you rf. in our opNkn.. . the Information &iven In the an)81 statenwnts is ir¢on5ts1ent ary terIal wpectwth the trustees, rep(¥t or - sufficient awounty.ng rordS have rw)t been keF. . financial Staten[S arg noi in agreenlt wlth trr records.. LY - we have not r8céW thè info8 and expL4nattons WE k)rouraLNliL The Parochial Church CoLincil OF the Ecclesiastical Parish of Holy Trlnity Annu¢il Report and Financial Statements 2025
The Parochlaj Church Council of the Ecclesiaslical Parish of Holy Trinity, Cheltenham Indapendent auditors, report to the nMberS of The Parochial Church Council of the Eccleslastlcal Parish of Holy Trinity, Chelienham Respon$lbllttle$ of trustees As exptslnert more fiJlly In lh statemer,t of trusiees, restNJnsbffiE.es, tnjstees a resnsib for iha pparath"all ol thé financial statements and for b&ng sab"sfied that ttrw ge a Inr fwr vw. for such inlema control as th$ truslées deterMe is e$Sary to ongblg the prgparation gln3[l. stslem8nts thaE are free from maleriaj m&stalernenL whether due to fraud or wror. In preparirg Ihe finarKial syd ements, Ihe tnjstees are rè¥y)nsitAe for asses51ng the (iarity's abih'ty lo continuè Ss a gding cOen. disclcsrpJ, as apprAble. tnaUor5 lated to ceM and LEirvJ It goiro concEm basls of ac¢owbng urdess the tnstees either intend b) cea opernbc¥. or Fovg fKJ fyalistr¢ 8rtèm8trffj but to do so. A(11015 responsibllldes for the aud of tho financlal stat•m•nts We hav& been appointed as audtor under secoon 144 of Ihè Ch•ibes Act2011 and report In accordance with the Act and relevant regulaoons made or hamng efftsct thèrevrKIw. Our oblecl¥es a tr) obtain reasonable 8ssuran¢e abCrt whelh8r the finarnlal skterp.ents as a Who are free from aterial rnisstalemenl. whether due to fraud or error, and io Issue an audltorfs mport th81 Includes our oplnlon. R8asonable aUran is a high level ofassurance but is nota gJ8?nl89 that an aJdil ¢ondu¢lgd in accordance wlth ISAS (UK) wlll aNyays dele¢t a malerfal rnisslatement Wh it ewsts. Misstatements L7n erise from fraud or error and are consldered material Ir. Individually or In the aggrEIe, they could rea50nabty be eXpd to influ8e the econDmlc declsions ofus8rs taken on th8 basis of Ihese financial Statements. The extent trs which rArpro¢edures I ¢apaFk of detthi irregularflles. ItK[ing fraud. is detsiled betaw. Ourapproach to Identing aThJ assessing the risks of material mwlaten¢ in respertoflrregulaEities. Indudlng fraud and norcompliar laws and r8guLqtions. was &$ foNtrws." the engagemeAt pwther w]sud that the erygerrEnt tEam c(rfleciivdy had the appropriate compelence. sklls and alIty to identify non-compliarKe with laws and rewlauons: we idenbfied the lakns and regUlauth appll(2ble to the th3rlty via di1$51 With the trustees and fmm tr of the sector in whith the dient operates: we focused on the laws which we felt were of parbwkr Styjnrf to the charity'5 artis. which Included the Chaftlies Act 2011. health & safety. eThFloyrrwtand dats prolection,. and we 8ssessed thB extent of the ts)mplwKx WTth the laws and reJJlatlons Idendffed above through enquiry of the trustees and by rthi6wirrfJ mDiules aftd18gal costs. We assessed suxeptibility of the (orlty's finarK1 stslements to material misstatem( IlUdIng obtaining an understsnding ol now fra1 might (r. by. making enqu'.rres cf the trustees as to where they consrdw&J was SePtibllity to fraud and whethér they had knoviledge of any aCbJ, suspected or fraud.. a we auMented. assessed 8rKJ lesw the internal ¢xntrols in place to redu 1diellhd of any incidervxs of frauj or non•complkarK To 4sses5 the risk of fraud through mandgefflet)I Imas and ovridg 01(yMtFOts, Perfomi1 8notytT¢al revlew pm¢edures; an we reviewed and safflple tested journal entries to ccnfimi Ihat Ihèy were genuine Itions. reed a sample ofexpemyiure transadlon fftxn dwr5ty re(x)rds fN appropiTats euthorfsalion lft resp¢Mse lo the rtsk of kregaritS ar non-compaewl1h Laws and rjuLet40ft5, we designed [dU5 whlch induded, bul were rK)I limited lo.. agreeing the dlscl9su5 ir. Ihe Frn¢la1 statents to {WdYIng d0mentation.. rewewing the minutes of ihose charged oweman.' and enquirlng ol the trustees as lo actual poteni1 claims and llah11ti. There are Inherent lirnltattons In gur aud51 prtXedu 11 above. The rnore removed Ihal laws and regulations a from hnan¢Jal transactions, li less likety that we WOL become aware ofnon-compliance. Auditir standards also Ilmit the audit pro-edures required to idenbFy mn-cofflpliarv *ith laws and regulations to enqulry of the dlrectr)rs and other manageme•t Ihe any televanl..egulalory erJwOryJen. The Parochial Church Council of tne Ecclesiastical Parish of Holy Trinity Annlial Report and Fi nancial Statements 2025
The Parochial Church Councll of tho E¢clesiastical Parish of Holy Trinity, Cheltenham Independent audrtors. roPQrt to the members of The Parochial Church Council of the Ecclesiastical Pash of Holy Trinity. Cheltenham Material mis5tat•ments Ih8t 8ri58 due to fravd can be hardw to detect than those that artse from error as they may Involve deliberats ¢on¢e8lmenl cf collusi. A further description of our respongbililies Is availaNe on lh& Finana81 ReporQ'ng Ccmjnal's website at.. hltps'.11 vr¢w.frc.org.uklaudilorsresponsibS1ibes. Thls desoiption fortns parl of our audilorts report. Scope of the audlt of the flnanclal statements other mattèrs Your attention is drawn lo the fact that the charity has ppared finanoal statements in accordance wllh "Aceounting and Reporting by Charities.. Stslement of Recommènded Pr8¢1ice apP1Kab to charities preparing their accounts rn accordance with the Finanaal Reporting Stsndard applicable in the UK and Republk of Ireland IFRS 102). las amended) In prelefence to th6 Aiwunting arKI Reporting by Charibes.. Statement of Recommended Practi issued ofi 1 April 2005 svhich is referred lo in the extant regUlatiS bul has r been wtthdrawn. This has been done in order fc>r the frnan¢i81 stslernents to prowde a true and fair VieAf in accorda with current Generally Accepted Accounting PraCCe. U50 of this report This r8POrt is made lo the challvs trusiees. as 8 rfty. in accordance wlh part 4 of the Charilies (Accounts and Reports) Regulations 2008. Ourauditwork ha5 b88n undertaken so thatwemighlstate to the ch2rity'Struslees those matters we are requ¥ed to state to them in an audrtorf5 retx)rt and for Th) Dther To the fUlt 8x18nt p8mJitted by law, we do ntst accept or aSSue responsibility to anyone other than ch2rity aj the chartiys tsustees as a body. for our audtt wo, for this report, or for the opinions we have f(Th. Pitt Godden & Taylor LLP Chartered Accountants stalutory Auditor .2026 Pitt Godden & Taylor LLP 1$ eligiblg for appolntment as dItOrof the charlty by vlrtU8 of Its ellglblllty for appolntn*nt an auifftor of a company undor$8etlon 1212 of the Companles Act 2006 Tlie Parochial Church Council of the Ecclesiastical Parish of Holy Trinity Annual Report and Financial Statements 2025 10
The Parochial Church Council of the Ec¢lesiastl¢al Parish of Holy Trinty, Cheltenham Statement of finanGial activities for the year onded 31 Dacemr 2025 Including income and expenditure accou Note Unrestrlcted Fund5 2025 Totsl Funds 2024 Total Funds Funds Incomg and endowments from: DonatIS and legades 126.Ir28 1.074.763 1,063,350 Ott)er tra¢ng actitieS 3.39) 70.9r 84,176 Otherin¢omg Total incom9 and erKI0¥[ 1.016.317 129.418 1.145,735 1,147.526 Expenditure on: Ralsiw funds Chaniatts aclivi 1813} (973.8631 18131 (1.120.453) 16,9651 11.167.38n TO1 8xp•nditur8 1974.6761 1146.59)) 11,121,266) 11.174.&521 Nel lexpendtureyincorne 41N1 117.1721 24,469 {26,826} Rèconclllatlon of funds Totsl ftjnds br¢ught hlard 18.611 143.237 181,848 188.674 Total funds carrted for%rd 1&15 fAJ252 126,065 186.317 161,848 Tho tewnewrt of firnal activi5 IUde8 aN gains hjsses rwii%ed year. In th& Unre81ed fvnds Is an amcmjnldwnated to dwrr* reFdrs fuThYof£28.000 The Parochial Church Council of tlie Ecclesiastical Parish of Holy Trinity An nual Report and Financial Statements 2025 11
The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Cheltenham Balance sheet as at 31 December 2025 R•glstored Charfty No: 1130299 Note 2025 2025 2024 2024 xed Assets Tangible aw15 44,578 48,895 Current Assets Stocks 4.800 5,000 Debtors 10 26.615 28.179 Cash at bank and in hand 171.649 157,119 203.¢X4 19).298 Liabilities cditorS.. amounts falltry due wthin one year 11 161,3251 {77.3451 Ngt Currqnt Assets 141.739 112.953 Net Assets 186.317 161.848 The Funds of the Charlty Restricted income fvnds 13 126,(65 143,237 Unrestiicted irKome fvnds 14 60.252 18,611 Total Charity Funds 15 166.317 161.848 The financial sfatem8nts w8re appro1 by Ihe Parodwal Churth Ccvjntsl on ................... ... 2026 and stwed on ts behalf Barry Lambe Church Warden Elizal)eth Church Warden The Parochial Churcn Council ol thts Eccl->ia>tl.l Pariah Oi Annual R. -port aiid Financial stateninIs ?02J Hol>. Trinity 12
The Parochial Church Council of the Ecclesiastical Parlsh of Holy Trinity, Cheltenham Cash flow statemont for the year ending 31 Decnber 2025 2025 2024 Cash from •eti¥ltt•s Nel expenditure over inojme fi)r the financfjal year Adiusfmortsl¢X Dweciauon ofprvpty ptant and Decreas8lllncivdsel in trJe and Ott receTvatdoS Decrwdse kn In¥entorfe5 24.469 {26.826J 10.010 9.202 32269 (D8crea5aWn¢xe889 in Irdd8 ptyatrA83 Net G75h generaledllexp8n(led)from opera¢Èn9 aetlvltle$ {18.020 15.745 142481 57216 Cash flows from InStIng aetivltlès Purchas8 of fixed as8ets 5.893 1.9521 Net rash (expend) frcm Invesry acllvll 15,6931 (1,9521 Net (decrease) In c¥h and cash ewl¥alants 14.&30 28.438 Cash cag) equfvalents al the begtrtn9 ofthe yèar Cash and 8qurvalenls at th8 e1 or the ye 157.119 171,649 128,681 157.119 The Parochial Chur¢h Council of the Ecclesiastical Parish of Holy Trinily Annual Report and Financial Statements 2025 13
The Parochiai Church Council of the Ecclesiastical Parish of Holy Trinlty, Cheltenham Notes to the financial statements for the year ended 31 December 2025 Accountlng po]Icles Charlty Inforn)atlon The ParocW Churth CcNJndl ofthe EcLgesiasliBa Parth ofHcfy Tmlty, Cheltatham Is a lstEred Charity. Basls of prpparation Th8 financaal ststements have been pyepwed in )rdar YAth th& Church Acra)unting Regulations 1997 as amended by the Church Accounlkng lÈrnèndmtI Regthations and AcCountij and ReporTyJ by Charities: Statement of mMeThJed Pratce appwle to chgribes prepthng their accounts In a(xorf8rtt with the Ftnanclal Reportlrg Standare lcab in the UK and Rewbk ol IFRS1021 laffaetive 1 January 2019). Thè fin8n(xal 5t8t8rnents have been ryeparEd uTrJer Ihe FM5tori(%l c05t nVer.On. Tho Trust consuiutes a public benefit entity as defined by FRS 102. The fln8nd s1&8mènis a prepared In sterting. wCh is th6 functional currerw ofthe Gharity. Monetary amOts1 fan(la15tW8 are rounded tLI the near6st£. Golng conc•m Al the time ol appro¥iTrJ finarthl tstsments. fhe tnJ5t8es have a re8s0nabLg eXptIOn that thtr chority has adequala rescrfJrc&s to c¢xtintJe in Op¢ratim &x$te9 forlhe ftyEseeable fvLlwe. Thsjs Iho iruslees continue lo adoptthe golng Con1 basls D[aiLoun n preparry the finandal statam8nts Funds Gen8ral fvnds reprant& ftjnds ofjhe ctsTitythat we not 9J14t rp8tsiLtons regardiro thelr use and 8r8 avwlable for aplts)n on the general Trstee$. Funds destynated for a pa.18r purpc6e by tha Trustees are also umostrictsd. Restricted fvrujs repSent the of the charity that can onty te used furpaiticuresldcla(I wrposes th in th8 objects of th8 charity. R8Strk#rs arlse spedfied by are raised for partreular The finBncrdl statangnts indLth ON tran1& 8ssets arnl liat4libes for leh the Trustees r8spon8ible law. They do not include the financAal statwts Of¢hu1 gfCWJPS that rywa t1r main affiliation lo anOts body nor those that8ro inf(ymal gatheriy o'¢hurth mgrn Incorr and èndowments Colf&tiMs are rrsed when rrriEd by or befrl'ofthe canly. Planrd gfvlng reeav8bSe and other donations un¢¢r GFft Aid 8re recniSed ¢yty when lv1. Irthme Tax Jpco¥erknIe Gift Aid th)natiorns Is re18ed when Iho income is nis. and lryxies to th2 charity arg aw)unbJ for as six)n as the ch<y is rn11ed of Its les41 enliUerTnt. the avount due quantifkle and Its ultimate recdpt by the charfty Is reasonBbty Certaln. The (arity is rM)t r89Stered &yVAT. Expendlture ExperKJilurg 18 if[KIed on an amals basB L8 rwilsed there is a IwJal or ccnstwcllve obllo8tion to pay for expenditure. Costs a attributed io of tho ffinawal cat9j(es ol expenditure irT the State1 of financk31 actilieS. The sw)pwt costs are arwfjorJ tu lh8 charTtatAè aC&ty where possibl¢, thg rbn)ainderare Wit aqualty heen MntiY 5WOrtarwJ Past(Ka and Evaryelikn expenses support. Flxed assets Consecrated and beftered of ary kind is exdudgj stments by 89612llal of the char.ties Aot 1993. Fbxluw. filtffjgs and office 94iripment- depr>iation 15 pmvided usknJ the strawl line rtjelhod at rales Gaated to wrile of the assets over their usefvl eGo[rn Ives. The r used Is 25% par annum apart from for speaf aSl8WhO$e useful life Is considered to be nger. wtTr8r8bi Ihe 4yroFiate rate s used. sutyectto a minimurn of 10%. Amowts ar& capitali5ed exceed £1250 aThJ Wh life ol the as*ts is ]8SS than three yearn. The Parochial Church Council of the Eccleslastical Parish of Holy Trinity Annual R&port and Financial Statements 2025 14
The Par¢xhial Church Councll of the Ecdesiasiical Parlsh of Holy Trinity. Cheltenham Notes to the financtal ststements for the year ended 31 Decemb¢r 2025 Operatlng Leas08 Renias paydble under otwatThJ e$ a¢h•1 againsl ino)TE on a Strah1 lthe bas ov8rlh9 lea tem. Penslons Thealyop8fd1e8 a d8fin8d contribtrJ Fen5XM 5okn. e. ContiilxJiw)ns are chargedlolh8stat8mentoffinanckql li65 as they bOme pardb in a¢cLxtsrta th the nles 0[tr schenw. stock Stod¢ is val al the lowpr ofcost and net realsable valuo. 1.10 Ethlcal standards In rmmOn rranyolhantsèti( olow8izeaThJ nakn&. we u58 W[alt015t0 asSt with the prepari of the financial statswnent5. 1.11 Judgements and estlmallon uncertalnty The Trustees make estimates and a$wMptk concerr¥ng fijknfo. There no estwthes or 8s8umptior that have a r.lfieantllsk of Gausry a maierial adnithient lo lh8 rxWng amounts of a8s8ts Ibl¢S s%ithln the next IIna[al r. 1.12 Cash and ¢ash equlvalent8 Cash andc85h squWantS comtKise cash h harKlarvJc81 depot& arKJ (thShOt14en IN.Y liquid invesbnents that arè readity converttle to a arnount of cash a sLt4ect to an ins¥Jntffeant risk of change in valu. 1.13 Trade debtors Trade debtorsarg amounts due from cusl(Thrsfrx x4d orThkespethed knthe ordlnarycour5e of buslness. Trade debtors are r6cagnised nibalty at tr.e trantth Fytro. AU frade d8btOTS are repayable wthin ong yearand hen are included at th8 undtscounted cost Df cash expvted lo be reived. A proS1on for Ehb impalrment of trade debtorsls estsblish&d knen there thatthe chlty1 not be able to collect 1 amunts due aco)rding to the thJhat tem of the debfNs. 1.14 TrJe treditors Trade CeditS are obRgaiks tor pay for gcS or seTh that have wLired n the ordinary eA)urs6 of business frorn 8uppkn. Am)unts payab are dasgffed as r.abile$ il the diarity do8$ ¥t have an unconrfibonal rEghla'.the end olihe rwxKthg ¢M1 to defersthment fDratkasttwelve rTLMths afterthè rpwrbng at8, Crtherwlse ttrEOy are we5ellied as norKurent bats"WtEs. Tr1& crèditors aTr rewgnised inibalty at the transadon piice KI Èrè rèpayabfe with•i one yearaid hEltr are indLhaec al the d arnounl of¢ash expected to paid. 1.15 nanclol Instrumnts FinarKial uistsuments are ctassfEd and knXcordlj lo thè 0fContractUal arraryJ8rnent, as finatKI81 asseL%. liabilib or eqimty in¥lts. kn equty in81nJmenl ts any omtr8ctthat8vJences a residual interest in the assets of the charity after dedudirvJ all of ils fobilibes. I rin81 assets and blI£S arg initially rne85ured attransaclion price (Ir]Ur transactrjn co#sl, exopl for Ihose fantIal a&gets cLassified asat fair value thwh 8fKI Ios5, which are lnlb.ally meayJred al falr vabje Ivthich IÈ nornally transaction PTilX costs). unless Ihe arr8ry8rn8nl ¢StitUtES a financkng transth. If an 3rraThJemW nStites a f¢9 transacti(. the finanLyal 8SSÈt or liatHIty is tlleasud al Ihe pre%nl of the fjjture pavts LISnted al a rnarket rate of Interest lor a debt tnjmenl. Thè Paroehial Church Council OF the Ecclesiastical Parisli of Holy Trinity Annual Report and Financial Statements 2025 15
Thfj Parochial Cljurch Council of the E¢cleslastical Parlsh of Holy Trlnity, Cheltenham Notes to the financial statements for the year ended 31 December 2025 Donatlon$ and le9a¢loS Funds Funds 2025 Tot 2024Total ft Ald, *aciesaThJ other dc¥)ation5 571,513 104.606 676,119 680.844 Glft reerable 142.644 142,644 136,309 Offeri1 al seCeooI no tax glvlng New Development Missonary aA)eaL8 indudiNJ grfl a1 234.578 234,578 234.689 8,359 16.617 16.6f7 3,149 Total 2025 948,n5 12f.tY28 1.074,763 1.0,350 Totsl 224 9)1m3 1,063,350 ¢)thertradln8 a¢tlvltles Unwe5trtcted Fun¢ts Restrfcted Fur]ds 2025 Total 2024Total Church activttres: Incemè from spec ac 18.W24 18.Y24 37.595 Pastoral and wang$lisb¢ 33.925 3,39) 37.315 29,096 Worship medkl aclwity irthme 366 14,110 Investsnent In(x)Tne 3.375 Other lJror 10.429 10.429 Totsl 2025 67,582 3.3 70.972 84.176 T(rtal 2024 79,043 5.133 B4,176 Ralslng funds Unrestrlct8d Funds Re8ctOd Funds 2025 Totsl 2024Total Cost ofW0[p media athty irKome 813 B13 6.965 Tobl 2024 6.%5 Thg cosl of ftmds in 2025 wer8 all unr&sirkted. The Parochial Church Councll Qi Ihe Ecclesiastical Parish ol Holy Trinity Annual Report Financial SlaleTr.ents 2025
The Parochial Church Council of the Ecclesiastical Parfsh of Holy Trinity. Cheltenham Notes to the financial statements for tho yaar ended 31 December 2025 Charftablè aetiYtffie$ Unre%lrk¢¥d Funds Restdcted Fund$ 2D25 Total Funds 2024 Total Funds Athvltles undertaknn." Mr10¥Y appeals Trinty Suppd Mission Partner5 arKJ thaitstrt8 Ig Prfnting. pxtage and slat"onery Adrniristralve expsnses Support costs 29.174 32.033 61,207 121.895 89 689 2Z,615 19,899 49204 32.033 81,237 145242 Mlntstry Partsh Share Welcoma and diseiplèship Stsff costs Worship. prayer and teachlng prtnung, p)sLqge aNI Stabon¢ry DOpa4110n Supprt cnsts 1Z3.2 123257 5.725 158.521 113.310 4.929 671 157AS0 153,318 10.508 8,412 18.920 28,279 1.167 1.167 759 3.348 15.748 5.005 234.387 4,601 228,97 218.639 512,707 34,275 546,982 534,898 P85tOTal & ev4nwllsttc expenses Sunday Sd)cKA and Youth ActMJes Gifts and pastoral care pha. Irainins & •vang811stic 8xpen Staff cosis Administrabve ews¢s Support Other exper$ 19236 15.036 20.869 19.149 23.99) 17239 4,113 24.1tr3 101,035 17.293 226,618 8,ff25 2,740 20,058 164,176 11,444 226.813 23.527 156.715 18.042 231,474 19,136 749 4.856 10,511 411,952 2&2 492.234 487.247 Totsl cost of a¢dvltles undertaken 973,863 146.5 1,120.453 1,167,387 Total cost of actlv5tles undertaken 2024 1.6.985 16D.402 1,167,387 The P<irochial Church Counril of the Ecclesiastical Parish of Holy Trinity Annual Report c1nd Financial Statements 2025 17
The Parochial Church Council of the Ecclesiastical Parish of Holy Trinlty, CheEtenham Notes to tho financial stalements for the year ended 31 Docember 2025 Support CDsts Noto Unre8tri¢ RestsiGted Funds 2025 Total Funds 2024 Total Funds Church runnlng expenses InsJJiar5ce UtiIHies teleph Cleaniig Repr$ and malntenance Nèw Dèvélopment Goneral runnry sts Otherexpertsas Events expens6S Adminlstrafvè èx1) DepwatK Stsff Cfjsts Audit aThJ acts)untano1 18e5 4,654 9,233 7,762 6,276 10,070 127,560 23.718 7,K25 10,602 4.704 6,108 8254 2.810 7,065 121,478 25,413 4,068 13,351 4,801 275.587 9.233 7.755 6.276 4.012 119.452 20.788 6.058 8,108 2,9 153 10,602 268,3 4.752 4.752 4.968 Total support costs 465.15 485.760 478,407 The above 6upp)rt costs ar9 thated betwe8ft aCbvits based 8kWt cm th(w activides or If tw are propety at¢¢ u)sts, eqUa7tybetrn paorJ and B¥arwJelis(ic expen*sas detailed below. Unrestslcied Furtds Restrfcted Funds 2025 Total Funds 2024 Total Fund$ Missionary pealS Ministy Pastornl & ernrKJeUst axpènses 19,8 218.6S9 19,899 234.387 22,615 228,979 15.748 226,618 231.474 226,813 Total support costs 465.156 485.76r) 4T8,407 Total support 2024 483.840 14567 478.407 Th8 eh8Thtyth)és not Ja w)ygrant fvrKl¥vJ or th18r8UFP)rL Inebjd In auth 8t accmiarty fees above awltfees0fE4.8l2ff24 £4,8C#)} Th& Parochial Church Coun1 l ot tho Eccleslastical Parish of Holy Trinity Annual Report and Financial Slalement5 2025 78
The Parochial Church Councll of the Ecclesiasti1 Parish of Holy Trlnlty, Choltenham Notes to the financial ststaments for the year endod 31 D8cembor 2025 Staff costs 2025 Numl) 2024 Number Numbgrofemployegs 7h8 averwJe monlhly numberof@mpÈ&g er8: 25 Thwe are 5 not Induthd In the above number as they are W &iiployed foronedf6v8nts lofvthich ther8 We very fgw th ygarl a not t Qtthe ix)ty of8m(r89$. No empbyee ea1 rr¥xe £&).OCQ in ts year{2U24- nl Employimnt costs 2025 2024 w& and salari8S Sorial secLuty costs Other pension costs Recnrftment C4JSts Olher slaff costs 505,803 .048 28.053 526.640 31225 29,2S1 110 5.855 3,775 583,539 S93,081 Pefislon eosts Thecharity tsrAryd a dèn crition sC[eftthe benefitof all enW(Yye8s. Th8 &8sets ofthe scheme ar8 adminlstsred by Tntstees In a fvNI ind4?t from the thaiity. The charity has enrolled Into the uovemment auto enrolmenlscheme. The pertsi(w) tr)sts (tyin fvwnua1statents re¢seIthe tribubS payabl8 In year by the charity. atKI amounknl to £28,05312024-£29,2511. contrUlM3 totslling £4,521 P024- £4.639lweTr payab18 lo the . the end oftheyear and arg clude In ¢lIars. Tanglbl? flxBd assats FIXre$. fltttrtgs nd equipment Cost At 1 JaJThJary 2025 Addibon5 in the year At 31 Drnber2025 227,429 5,693 2.122 Dgpred8tlo At 1 January 2025 char for th8 y At 31 D8cèrthr2025 178,534 10,010 188,544 Net bcok values At 31 tcemer 2025 44,578 Al 31 Deer2024 48,895 The Parochial Church Coiincil of the Ecclesiastical Parish of Holy Trinity Annual Report and Financial Stalemer,ts 2025 19
The Parochial Church Council of the Ecclesiastical Parish of Holy Trlnlty, Chéltenham Notes to the financial statements for Ihe year ended 31 December 2025 Debtors 2025 2024 General debtot3 492 GtPc Aid r6covertha 14,015 1.323 112TI 12.882 Other debtOJ3 14.80S 26.615 28,179 11. Cr8dltors: amount$ faiing due wllhln one year 2025 2024 EXpee (Yethlors Othercraditors 12,391 23.530 21,164 4240 31.898 23,651 19,482 2.315 Accruals Dgfewrod ints)rn$ 12 61,325 77.345 12. Deferred Income 2025 2024 Grants and dot)ations Balancè as Bt 1 January 2Q25 fte¢eNed in tILe year Amount reloased to thcome and end0wTts 2 J15 21.642 {19,717) 4.240 6,242 32.1 136.1261 2,315 Balance as at 31 Decnber 2025 I defeff6d Incorne bwht fwthard wer8 rdeased In ful duri the pr. The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity Annual Report and Financial Slatemgnls 2025 20
The Parochial Church Council of the Ecdesiastical Parfsh of Holy Trinity, Cheltgnharn Nolgs to the financial statements for the year ended 31 D•¢ember 2025 13. Re5trtcted funds 1 Januay 2025 Expenditure 31 D•c•mber 2025 endowments Spec[ c11e¢05 Specffic purp¥)ses PaSItt and 8v¥oelisbc 3,138 133.876 6223 16.617 109.411 {10,7441 1128.8671 6.979 9.011 114,420 2.634 143,237 129,418 {146.59)1 126.065 Purposts ofrèstrlctad funds Spo¢lal colle¢dL GS GE1ve{l rnanly for a hardslw fund. Sp8ciII¢ puryjos Gifts and grants eed during the year. inde dwtbns a1 erlitrE forthg ctr•Jrch rrtakntenance proJecL Coorers Edge church plant. Spear Prr¥ectarKI Kenya pr. Pastoral and evangellstlc sEr1 dM8bons Aere Speal lo ne of ts Lwtr8ach of the church. naInY Kings Tae and tho Wcmen'sm4)Isty. Restrrcted fvnds comparattve 1 JanL 2024 Expendlture 31 December 2024 Special collections Specfft purpos85 Pastorul 8nd 8vangefistrc 3.149 158,378 5,1SI (1.9151 1143,1&5) 115,292 3.138 133.876 6,223 118.693 16. 136,979 166,eeo 1160,402> 143.237 UnrestrlctÈd ftjnds 1 January 2025 Income and Exp•ndlbJrn 31 Detsmb¢r 2024 Génèrydl 16.611 1.016217 1974.876) 60,252 The Parochial Church Coiincil of the Ecclesiastical Parish of Holy Trinity Annual Report and Financial Stalenients 2025 21
Thg Parochlal Church Council of the Ecclesiastical Parrsh of Holy Trlnlty, Cheltenham Notes to the financial statements lor the year ended 31 December 2025 15. Analysls of net assels between funds Unrestrlct8d funds Restrlcted fvnds Total fund8 Fund balances at31 De{M2{fI5 a& rgpresented by: TgIbra fjxad gts Curr¢nl As%ts CUrrt Liaimlities 8.032 113.545 161,3251 60,252 44.578 203,064 81,325 186,317 89,519 126.5 Related P•ty Transactl¢n$ No Irustees were rMbUrsed for [Sonal expetksgs th8 thawity durfng the yw12tr24- £nRI. During the year uThJer reylew th• eliarEty rasour fiwi Tmty CP%ltellham Trust a d)arfty wllh minllY cnMOn tr1th$. PrchaS8sdUl1[u yearamOUnt to £86.653 {2024: £86.6531. There was £nil (rtstanding balance as 4t the 3,. fkcemter 202512024- £21.653). Dvrfng the year under T9V Ihe lty Btyth (dat¥ ofR6vAndrew BW)) as As51slant Pastur. The remulrat Par pens tota118d rK2205 (2024.. £30.852). Dultng the year under rewew the dtarity • Joanna Leighkn Iwle of Rew GrJam LevJhtonl a8 Assistant Pastor. The ren7uneralh]n pathaje LIffing penwn t(*aled £22.228. Th&B were M otrw ted wbes tho yoar12024. £vl). The Parochial Church Coun-il of the Ecclesiastical Patish of Holy frinily Anniial Report and Financial Slaternenls 2025 22