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 fir￿￿la1 &tivit*s 11 Balan￿ sheet 12 Cash flow $talemenl 13 Notes lo the financial statements 14-22 The Parochial ChLirch Council of th& Ecclesiastical Parish of Holy Trinity. Challenham Annual Report and Financial Statements 2025 The Parochial Church Council of the Ecclosiastical Parish of Holy Trlnity, Cheltenham Annual report and financial statements for ￿ yoar ended 31 Decernber 2025 Trust••s RepLYI Admln15tratlv8 InformatSon Holy Trinity Churd) (Trinity) is situa1￿ n Ch￿￿haM. It19 part olthe fA(K858 of Gh)LKe51er lh8 chU￿h of England. The corresponderte ad¢rEss r& Hoty Church. Trindy Fknse, 1(J>102 W￿cht￿mLe StreeL C￿t￿nhaM, GL52 2NVI. Thè P8TDrhEal Church Counal ol the Eoth&asti(3f Parith of Hoty Trinty. Cheltenham is 8 charity registered Ni Th6 LJK wilh the Charity Commiss¢orK charity nurn￿r 1130299. The PCC are also governed by tho P8rothial Church fvcil (Powers) Measure 1￿6 las amenikdl aThJ the Church Repr￿￿rt￿L￿ Rules 1W l&s arwledl. Officers arKI Trustees have 8eryed frryn 1 jarU￿ry 2tr25 ￿tI Il* thie Ihks rBport vrds 7wroY8d are: Name Post Iles lif part ￿tI Offlce Rov Andrew Blyth Nicholas Eden Chair Lay WJce Ch31￿ Twsurnr Untl 20Th Juty2025 Fn)rn 20th JU￿ 2025 Chistine Tabemer Hden Moss Camlin6 Br8cAton Jufia T￿M$on Untl May2(Y25 From 1* May 2￿25 Sec￿tary 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 Fèllo￿5 Rathaèl Gi Rev Tlmothy Grew lona Hay Julie Kenn Ex4)ficto C*anery SYWKE From May 2025 iZ8beth Lang 88ry Lambert Rev Graham Leigfr Martin Lovegrov8 M)ss ChtsrchvArde chU￿rden l.x-Offjc Frcmn June 2025 tkanery Syrkxl Mert e*d Untl 1V IAay2tr25 Patsid( (la￿y1 Jonathan Norrfs DeaWySY￿Xj Member De8￿ySyr￿Al Frcmn 26fft JaN4ry 2￿ eGted Davld Rowe Rob Ry8ri Henry Stev Mikth Troughtrjn Sophle Whlskef Rgv Rc4erVlitknbe Elected fbanary SyrKKJ MgrnbpA Elecied Unl11 W Jan￿ry 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 so1￿1t0[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 & Ta￿Or 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 ￿te￿nI for Tthty Cl*ll6nh8m 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 theirl￿jmeY 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(ThI￿VI rflhey wrish to, forCMsUan teaching and supwrt. We maintaln a policy of oftaring éverythrng we do to S￿￿K)n8 of the (xbrn￿nty 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 ￿KIar￿0 on ￿br￿ bengfft piJbThshed by the Charity Cornrnission In ex8rrislro thelr rMw￿rs and dubes. Membcrs stsrc ¥+ith the IrLyJm￿L the wthole Chrfsthin rnIs￿on ofTrinity Church . pa5tordl, evangelist￿ 80ual and e¢umenlcal- aml 8xAmples of the publc tlNs brfrwJs Ixn fourwj in Iho summary Ofach&￿I￿ts and perfomiarth lthin Ihis repcrt Recrultrnnt Induction ot Trustees The method of&pp(Nntment ofthg Tt￿st8eS Is set wt ir. U)0 ChwthofEngL￿8 Representation Rules. Al aitEnding règul8wty for 8re e￿Auraged 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 ¢c￿t.1¢1$ of Inter6sL finane*, s4lvJuard'TrJ aTrJ putlic benefft. C*Jrirg 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& SafegUa￿￿￿j and Fin￿￿ra •frfJes. statutory RwJonslbllltle5 The trustees ara respon$4ble for J)rep*iro ￿ Truaees. Rewxt 8nd th8 ￿X￿ts in accL*rja￿ ¥￿th appTr¢able law and Uniied lfjn￿Drn Ar￿rg Standards {UniteJ Ge￿nY A(zepted AcwJnb"rKJ Pr*￿c•). The kiv applrable to charibes in England and Waes reqLl￿S Ihe Iw5te¢sto wetw8 accounts foreach fr￿n¢L¥ yearwhlch vè a trtt8 and falrvi*Nol 8tateof affws(rfttE Ch￿*Y arKJ of th8 IrJTr)rniTry re80urcesand apPI￿atrOn of resources of the (*8riiy for that yw. In preparfng th858 ￿COl￿￿￿ th8 i￿￿teeS 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 . $18tg ￿trether appliceble acc0unb￿ stsrKJards have Iwn fdkM&l, subject to any matuial departtjres dth8ed and sxplained in the accwnts" and - pr8pare the a¢cowts (Wh lh8 cThicwn b&is is WWp￿ri￿e to rKesum8 that thg ckngrity I￿11 continue In operahon. The trusie&s are rwonslbtè forkÈeping Sufficient &c(vJn6ng re(xvds that dI%￿)$e wlth reasoftabla a¢euracy at any timo the fin•nclal p￿I￿on 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 ￿Sona￿e sts￿ for the pyevenbon and (ktection of ftsud and otrer [ffegu￿rits9$. The Parochial Ch urch Council of the Ecclesiastical Parish of Holy Trinily Annual Report and Financial Statements 2025 The Parochial Church Council of the Ecclesiastical PaiTsh ot Holy Trlnlty, Cheltenham Annual report and flnancial statements for the year ended 31 December 2025 The accounts lfinanei81 st*ementsl have been ptopared to gNe a fairf vio* ayd havg dg*rted from lh¢ Charitjes (Acccwnts and Réports) Reg￿altOn$ 2008 onty lo the ¢xtent required to pmvldè è 'truè 8nd fairf vivN This departure has illvolv811 followng ACCo￿LT￿ 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 cha￿tlE& ststementof Recommended Pff*Xt(* 8ff8cliv8 from 1 Ap¥1 2￿5 bew wthdrawn. StruGlure and Op¢rallgnal m￿ageMent Tho Trust￿$ seven times dLrriro 2025 ir￿￿￿l￿g thg Mfll. DJdrwJ thès8 m8etirgs. reports and agen(ks enabkd them to Way, discths ar.d r&￿eW all as￿tS of Trfrjity's govenwnc6, poki6s, a&8elS, Staffiro financial perforrnan￿. Reports were r8￿1Ved on actrY￿e5 in aN rniniw argas fy) eTratJe tntstbes to 8xerci5e oversghl, offer encourwJ*nenl and prayer. In the continu.'ng aftemiakn oftho Q)ronawrus pandem',c, particuL4ratentKmNWdsgv6n toanynecessary adjusknents to planned practical activities. pasloral ￿re needs, finan¢tal ￿att￿6. 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-l￿daY opeyab'ons to an appointed St8ndiThJ Commit￿￿. Tha¥8 merniErs ￿50 se￿e on è wder staff 'Senior Lea¢er3hir> Team. to ensur8 ujordinatth ar¥J Imp'ernent8ti￿ Df PCC decish)ns inClud￿g v181on ities, 8lrat8giG plans, safeguarding. rnanag0￿￿nt0f&aff and w)lJi nteer5, finawal pJawNng and budg8lcontrd. Members of tho SLT a￿ not rnemb8rs af the PCC affj a￿￿￿ted by th8 Te￿ Rector agreerr*nt aftho PCC. ThroLuh gularreports, th&Standing Comrnlttee and vknrSLTè￿￿￿lnt&j8 to the fijll PCC on al acltotk% tsken, on pr(*Jress prioritse5 and outeomas. In 2025'he StsndlTrJ CorM)litse" and Oth81 SLT ￿￿￿be￿l￿Er¢. R8v Ar)*ew 8Mh- Tearn Rectoff - unw JU￿ 2025 Rev Fimothy Grew-Tgam V..￿￿ E￿b9th L8ng- Chureth%4Rreen" Bary L2mbert- Churclh¥arden- Hilary G￿w- Lay Pastor Rev Sirrv)n Felkws- Curatg- Jonathan NOr￿4- S8nlorWorshlp Paslot Helen Gtynn- Assodaie Pask* ResouFf8S Grwp The PCC delegales as[￿ts of operational ovefsght r￿atir@ to D￿ingS FabwE Finance and HR io the R&¥oU￿e$ Vlorking Group. The Group is thalre¢ by on8 ollha ChurdThr&den& mer￿￿15 are g mtx ofncmlnated PCC members las a Tn40rityl and memtiefs olthe Gh￿￿h ￿c[alist knovAe&Je u) ￿levant are3s.The Grwp meels belween PCC meèbng8 lo monKor delegated rt￿$, make recornTrENfatior6. wr9Je agreed Obj￿ aTr1 rewtbath lo the ful PCC. S8f8gu8rdirg Gr The PCC delegate5 L1ay4o-day artd kn{len￿tSti￿ of ￿[Eed and pkn to the SabJuarding Gr￿p. The Group Is chaired by a member oflh8 PCC aTrJ rnemtethp irrj￿$ n(kn￿a￿j trustees. Parish Lead S3fegusrdir Officèr ar,d the ParisP. SafeguardlroJ Admkni$￿tor. Thg Grwp rep￿ts lo each meet¥KJ of the PCC through an agreed 'D8shkKMrc' re￿rt and PL2n formaL St￿leg￿ Partnershios To best fulffl Trintvs chanlabfg obiotas, ￿ PCC Irian￿r* a number of stra￿lC parIne￿ips. A8 an E¢de￿a8￿￿1 Parfsh In the Di￿eSe of Gloucester, PCC closety bhlth oll*rthfiLzn parishes athy ihs wider dkn¢%se e5pecialty In relauon to minlsty authorisadon èJKI prd¢tw. Sarogua.￿W￿ [￿(*dUreS. financa81 control aid itr.e maint￿]8[￿￿ of Trinivs Buildings and Fabric. The PCC ￿50 pathers dosdy ihe Trirrity Cheltenham TrLtst Litruted. ￿ne Trust, the Kingdom Power Trust3nd the Love Cheltenha.m ofW cMr(the& Key m3nag8m?nt personng1- remuneratlon and confll¢ts of Intsrnst The Trustg8s consider the PCC as the 8oatd of Trus+ees and the Standing coM￿ltte? rrKsmbgr5 of the SLT as cl￿prIsing the key managernonl pÈrs¢y)rtl and cor.troUrg adivlbes on a day to day ba￿s. Tha T88.T R8ctor{IrrAunbentl, Team Vkar a*f Curate are Icensed to the P*tsh by Ihe 8i%hop of Glwc8ster and a￿ paKJ dlrecuy by the D￿j￿Se ol GPou(Estpr. Otherw￿nte￿ oflhe FCC gNe ofth2ir timevoluntsrily. The T￿￿teeS are aware of. sed( to fFwwe Gqrefulty. ile p)tsnlial for any of intwesls. Ary Oeclarabcn ol Intor9sts Is wuired at all rtwtings and any pgrson concun¥l ￿ reqJired toTrMihdrwlrom anysecbon of themeeung relating to ihese matters. Al pay and remunera1K￿ aFT3ThJetnents fvr m8mLxrs of staff ère d':recty reviewed by tre Resources Worklng Gro￿ and apryoved by the fun pcc. mi￿1￿1 ofthe Cbjrch's dorttabk obiethes and TespDnslbilitEes. The Parochial Church Coiincil of the Ecclesiastical Parish of Holy Trinity Annual Report and Financial Statements 2025 The Parochial Church Council of the E¢¢leslastlcal Parish of Hoty Trinity, Chellenham Annual report and financial statements for year ended 31 De¢en4)er 2025 Rlsk ManagoThnt and Safeguarding On a regular basis. tho Trustees dk$Cuss￿￿ awss to*hKh 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 F￿e. In ar￿￿dan￿ 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 tra￿illg and 8ptryriate supeNIth for Iham Is a key area Ittrr cxJntiww8 attentlon and improv81r￿￿t 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 Safeguard￿9 polldes of the DI0￿Se ol Gk¥Jc8Ster 8nd tho Church of EngLand. Tr a￿KAn1￿1 SafaJuardirKJ Lead Offjcer and Administrator rngel regulartywth au th088 i*r8cty invdved In Overseei￿ mlnWa(*iwfi￿ and ￿e@S9n rèprèsentaiwèsto conduct dotsiled thec*Jng ol pro(%dure$ ￿{j 'case wherg apR￿O￿l￿.e. Ml aaff and volLnteers aFe required to Comtyèta referen forms arKS rE￿1Ve Tole de8cripts.ons which hpahlight 8ssenbal sawuarthng pdues and prdcjj'ces. All membets ofthe PCC, I stsff and volunteers Involvad in dit activites wilh Ch￿￿re￿ an(V?r ￿￿neratIe 8dutts aTE to un¢J8rtake formal 8afeguardlTrJ theck5 and tr8inibJ appn)pri* lo tr￿lf ro ncialCcY7tr Trinity's finarKes aro rdlant on v0lurtaryg1vr￿ ty m8mbars oftha church. Th8 PCC * consdous Ollhe need to ansure 11 and transpa￿￿t 3ccoullting prwedLres fOr￿d c(MmUn￿all0n 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 perf￿r￿￿ and treThth. In the PCC'S agreed finanoal proce88es and regular reporting, due caye is gfven to r￿nitOri￿3 the source olthiatk)ns and Mknti￿ng ary potential money launderlng Dèsplte inherent ur￿ertaIn￿￿￿e lolhevay ￿ whlch we re¢ei¥elhe buk ofour ttYotMJh vc4uttsry donations. ￿ hw dom¢)nslrJt8d ¢(￿￿d￿a￿e fina￿{al ￿lIanCe ovÈran eXt￿ded wi(xJofb￿￿Bsa res￿tOfth8 olwrcomfflitted church Community ai1d the ability to appeal for grviro when reqLMred. As set out ￿ Ihe 3rtornpanylng fnandal statemenis, dua to the contlnulng16vel volu1￿ary gNing by churth rr￿nbar9 8nd man&Jement conlroS. we are thankful to hav bBeo able io undertake Iha lull proGr8mme of¢*arfta4e athib&s pIar￿1 for year. Pr8nws8$ All usad by PCC are insur8d and ri* asses￿1. 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. PERFOR￿NcEA￿D FUTURE PLAMS Trinty has continued as a large thurch c￿MmUnty seThtrg p￿e In)m a£￿55 the of Chgjlgnharn and surroundlr region, We welcETrMe anyo￿ S￿0 Msl)es to all￿ thjr I￿￿lar Sunday 8rns and other xtsvrfJ"es the week a approFNfjate. We maintain a Electc¥al Rou of Ihose enbued to ¥L*e in ￿Jr fomMJ rftaetiFvJ3 arKI Ihis rErrted al eaL*) Ann￿1 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 knp￿tand influenc&wthin Ihe ￿MMUnIty. Thraugh the year. w¢ wntinued to see I￿reaS￿r& ThJn*er5 attenLfjro on Sundays and engagw writh wpekty activltEs. Wo esbmate that th8 tOTal ¢omwnity c￿tactS w to 4)proxlrnat4y 1.3(Kl Jeople(g￿ adults and 400 clldrwwng p6(W#l. We also continued to erw on4ine wrfh a 8TrJrdficantnUmb￿Of￿￿1Qfrorn aw%Je rwMJe ofhxallcffis around th£ UK £nd aGTr&s the world. The PCC renwlned comnNtt￿ to seNhYJ ofall age5. laces. s(Mi￿. p8r5(￿￿ baL*Q￿ndS andertUmstar￿es 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 re￿J￿r¢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 fellO￿5hIp ￿lie4/e we have a palltcular￿￿ng 10 (Jo this in a way that Sè8ks Lo b8culturaliy relevant especial lamHies and C*ild￿n. 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 $upFort fft. in our ofwedty 1*Sc￿le￿iP LI￿ Groups. Sevefal cefitralLsed t8&hing resources and c(wJrses. SLth asAlpha. ElorrMI & Freedom In Chiisl Continued locus support for spirTtual pwlicg5 through ts Trj￿ty,RL￿e ofLKe'. DeVe￿p8￿ nwwéi8C4pleship groups KK15 and Youth m15ty. We ¢ontinugJ to tsy io F4ace Prayer as the urthrpinnko foreverytt7iNJ we th: We condnu8d bvith r￿>[￿FY 'Kin￿10M Cc*fte' prayer rruch encouw tQ 89e increa&ThJ umber5 att￿ding. As noted in last Jparfs annua repm, we havo seen cwtion of a dedicaied 'prayer roorn. on our carnpus as being a key ￿101[￿. This was realk8ed.hilh the estabkshing ol a dethcaied spaco in tho knsby oTlhe rnain church buikling. We Fan and suFwrtad varLNJs SF￿(￿￿ rllratives [r￿u[￿ng a 2417 prayer 8V8rrt al Easler We contTnued lo rrwl ￿th other local L¥thr Ihe umiYeNa of 'Love Chelienham,. All lrt with each Other As a larg8 church. galhering ni smal groups and soo81 events rmhs tyuddtOCL¥W￿bona￿d the health ofourcornmuni rife.. Fof adul,. members. primarty through the neiwork of'Life GrDLP8'. For ￿Ildr￿n. yLwJng peoplg sbJdent& thYcW 7heetdy gmups kJ¢futhg d￿. and I0￿ball aThJ thr{￿h spe¢ral events Induthry a ChrFstmas Pro￿ Light Paty and Summer party. For sp￿lf..C ¢emographicgFOUPS- we (2ffered wa￿￿$ (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 even￿￿5) For pwle f8allg lonetiness, de￿}rat￿)n, èxdu*on aNI howg Issues-￿ offered the Transform. rnlnistry grou￿ (Kings Ta￿e, 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 C￿nI1￿U￿J to grow a volunteer ngtwork a￿1 routesto nKfe SFeuallstSUPF¥)rt,forpwple in De￿. Tty meel monlh(y wihP doroyand olher rrinistry loader8 to by to ensure good ¢JKKrfinatron. Various sp*al coutsés w8ré off8r8d through ts year to giv8 sutv)rt thmugh kgy lrfe ¢I￿Ums￿nees inckndlng m8Friage. dpM1￿, parenting and be(eav￿llent A speual sgrvtc8 for the was Off￿ed and another swlce before Chrtslrnas for those who have experi6neéd th8 death or loss Ofchi￿jrEn. AB reported above. the conkned d8velopm8nt Of(￿ PCC Safeguardlng group has signffi¢xntty tyicreased the18V81 of reS￿r¢3 gLyrvJ Into fhts kpy area. A5 8 lar￿ churth COMM￿)Ity, we find oursefves respc¥iding to a18rge volume ofcurnenl ane nofvig¢enl safegu*dw tepDrts a￿1 C￿￿1$-In every case. thes6 are immediateh/ re￿rt￿j io thè lice lrfreT8var.tlar¥l lo thedk)cesan safeguwd￿g team trwAlnya)d suidarKoon acti¢￿8 especial*￿1th regard lo ￿CtiMS and Infommoon aNI &xpectal*Th on thguarding rnalkn are hh3hlwJhled to all m8mbeT5 of PCC. staff aThJ vO￿ntE￿[S OTr a regular bags. As gvgr, all aclvfties rel￿d cffj our staff and vdLH)le6r& The PCC are extrwndy grat&fid for Over 300 peop￿ semng in An ènorTTh)us range ol VDkn)iary rDles incI￿lI￿g large teams cn SuThJays for hoslng, producllon, WO{sh￿). k'ds and youth and during theweek fo*Transk>rm and othergroLPS. Thè rnembers of our avJ skrf1￿ Stsff team. Through the yw, resourM allowed us to makK) a numlwol chaw in and to make rlarts ts th& W appintmsrt ofa new Kids Pastorand 8 new188der foryouth early in 2024. All In for the Worfd Throughout ihe yw. we so(tyJht to fdfil ChrisEran trJ the 4Jifrtual needs ot wple In ¢ommunlty. W8 ran ￿0'Alpha. courses to IntrothKe guests to In'Transfr)mi', we offered food arml p￿1031 ttelo t*rwh KK)gsTaNè' mèdg and th&woAo uf'SlrEel Teams. In pathership ￿11￿ SPEAR Ifcrfrnerly kriOWI as the ResLKg9 Trustl we saw great success in Ihe SPEAR Irdlnlrg pr(¥Jwarnwe- helping 1&24 year c4ds Roc ir. 6du¢xlion. a￿10yment or tratiT)J. Tha team exceae(I targats for the number olpeopF& bang se.tyed. fundra￿1￿ aThd pathetships. We continued valuéd path81ship w,th H(ty Tiinty Sclml through ts¥o a¥Onied 'FOUndatk￿ Governors. and through rn8mbaTS of our staff tean runnin9 ir ¥wlh the *haol team. As well 8$ eonlribJbng to the overall edWatt(￿al and Writuallrfè oflhe wpwere*Jain to W>VKlowdrv￿s ofpractical help. The Trustees have remtined commNted to frfniws (*llwy to serve as 2 Restyjrcè th￿￿h. In Ihe dk)e888 of Glowester. We have boeTrd$lighted tos891h8ftth￿gr￿IJthofthe ntrAfchwchplant wJlheCcoFeYs Edge hou￿ng deveknpmenl near GlrAJcester. The Parochial Church Coiincil of the Ecclesiastical Parish of Holy Trinity AnnuJrrE fLY Ihe rep8u3 needed to the th￿ch Imr, the repairs requlred io the slain glass *MI theAV pKxJudhn upgrdde5. Flnanclaluncertslnties ond futUTeplans The Trusleos rewlse the Inherent wKèrta¥illes ￿ volLntary fir￿r￿s. W8 that Ihe stgps take￿ through the yèar demonstrate both a levd 0fjps1i8n￿ 8rKI our 19 reswnd to clwng cIrcur￿l9r￿e$. fru8tees Cieaty reCOg￿Se 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 martaj￿nI 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 rn￿thty stsnding Orde￿ remarns sufficient to pay staff and to covèr immediate katmlties". to continue to make GIft￿d ￿￿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 D￿￿ese, wfvich is u$8d toward5 the ￿Sts ofour licensed rnillister5 and the wider mintsby of the D￿Ces8. This is an entirely voluntary contrTbution snd as circurnstances dictate. wè èr8 able to adjust or sUSp￿)d payynentS 8n￿￿lY to ensure sufficient cash-fiow and reserve8 are availab￿ to meet other obli9ab(w. As announced in early in 2025. the Reve￿nd Andrew Btyth18ft Trinity on 2[￿ Juty 2025 to take up a n9w ministy wst. The PCC in consultation ￿1th the Bishop of Gk)ucesier teJan dSta1￿ planning Ihe vacancy and recruibnenl ol a n8w team rg¢lor. The Trustees pleased to ￿port thatTrinitYs stsff team have to dat& damonstrdted its ability to cover 811 practical respon￿bIlItieS during the vacancy. The Dicone feels underpressure to gNe to grve rnore than they can afford. An off8rt0ry opportunity is in all Se￿CeS th& I￿>[k of Tiinity and its MI￿0n partn￿￿. There a￿ oceAsional speoal collections for speck81 eV￿ts e.g. forothertharili85 orgrwps affected by nattral (ksasters. W¢ focilitale a small numb9r of fun¢*rai&ro aC￿￿tse$ to enable gro￿1$ undertakiTrJ missK)n lrips to raise fiJThJs. The PCC d￿$ not use professional fundraisws or tnvofve comme￿181 parbtsP3tor3 to fvnd its CO￿ ministry actiwttes. bul may from time to tirne et¥Jage KKofess￿naI fvndraisiNJ consultants to a5ssI wth ap￿Ying for grdnts to fijnd sp*ffjc prO1￿ts or ministries, such as SPEAR or ￿Media1 Wofk required in r￿ab(￿ io the d)￿¢j) fabrTC. Any such ¢onsuliant5 wll be paid on a fixed fee bags for hours wotked. No complaints receNed ab(yJt fundraiwry ttws year. DISCLOSURE OF INFORPIIAT]ON TO THE AUD￿oRs Each Twstee has taken Ihe Steps that they ought to have laken as a Trustee tn order lo rnak8 th8rnsefves awarè t>f any r81ev8nl audit information and to establtsh that the Charivs auditors are awa￿ of that inforrnabo￿. The TrustÈe5 ¢onfimi that there 18 no relevant infomwhon that tlw krK)w of and of which they know Ihe aL*Jitor5 are unaware. Auditor5 A resolution proposirg that Godd￿ & Tafv LLP appointed as aLKJiior5 oflhg Pa￿￿h181 ch￿￿h Council olthe Ecclesiasdcal Parfsh ol Hoty Trinty. Cheltenham be wt at the Generdl MeetiThJ. ThiS￿portWaSapprDVed tyth8TrLL￿ on....l&l. . 2026 and s¥Jn￿l on their behalfby NIGholas Eden Lay Vice Chaim)an The Parochial Church Council OF th- Errla>iaitical Parish Oi Annual Report and Financial Statèmenls 2025 Aol Ji Trinity 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 f￿r￿jaI statemenls of The Churth Cth4tw)l or th8 Ecclasia8kn1 P￿sh of Hoty TITntty. che￿enhaM. the 'thariV for the year end￿ 31 D8cMntrkr 2Q25 wlxch cow.prk80 Ihe 5taternent of financ￿1 a¢b￿lIes, fh8 balan¢e theet, Ib,e statern8nl of cash flows and the Th)tes lo ts fir￿￿al 5tatsrnents, Mdudiwyj 8 sumrnary of significsnl accounting policie5. The finawal reportng framework Ihalhas trEen appl￿d 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 A￿O￿ting Pfactico). In our owlon, tr* financial Slat￿ts. glve a and f￿rVIeW of the *le ofth8 Charitys ayalrs as at 31 08c￿tser 2025 and of Iho IncotnirvJ Tesources and ￿PIlGation ofresources. ILS ¥icome 8Th18x￿￿K1￿luTr. year then gnded", hav8 bew prepa￿ ir. accordarKe ¥rifh United Kin9kn1 (knwy Accepbj Accountsng Prth, have been tyeparEd in 3CCL¥dance *ith th8 req￿￿er￿ts ofthe Charfttos Act 2011. Basls foroplnlon We cor¢ucted our audit in accorda1￿e ￿th Intemauonal 51andards on {UKI VSA% (UKII aThJ ap￿C¥bre law. Our r9sponsbilities under th088 siandards are further des¢yibcd kn the auditorfs wnsiblll'es for audit Of ttrie financial stalerr.ents $￿tIOn or our rerK)rL We are indeperNknl of th& tharfty kn accothce with Ihe ethical r8qutrernents Ihat aro relEvantto our ou¢Jit ollhe lln8ncKql 8tstem8nts In the UK, Ihe F[￿jaI Reporting CouncTI's Ethical Slaftdard, and we have fiJ￿Iled our other ethThl wpondbilities In ￿e0rd￿￿ w.lh these reqjW￿ts. We believg that tha audt 8wder wé havè obtsined &% tuffiaant arK apprupriate to PtDvid8 a tra?18 for our cyr¥on. ConClu￿on9 Yelatlng to going e¢Jnc•m In auditing the fir￿Ck￿l statsrn8fits. we have condLhknJ tr￿tthe1n￿. use Oft￿ goingconcem basis ofacCwnt￿9 In the pr8par2titin of th8 ffnancial statements is a￿￿￿￿"ale. a89d the work we have perf0M￿d, we havè not klènllF￿d any mat￿la1 ￿e￿a￿treS rEL2tirvJ to events 01 conthtions that, I￿J￿idUa￿Y or ￿lleCt￿6}Y. rnay cast Soni￿nt dcubl on the charl￿$ ab￿rtY lo conthue as a grArwJ concem for a Ferfod of at least trfftlve m￿th$ frorn w*en tho financral slaiements are au￿rised for I￿tI8. Ourresponsblilies the respDngbqitfGsof the tr￿leas*￿T￿ resp￿t0901n9cor￿M are described ui relevanl sectiotk of rwrL Oth•r Infonnatlon The other infonnth.on com￿￿ tha h)rom￿tK￿l Inchjded in the Trustees. an￿al 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 ffegkX*￿￿tsrfty 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 n￿SSIal0￿enLs.we are rerylred to deteminewhetherihere isa Mat￿7￿ M¢sstatLY￿ntln th&fin￿e￿al 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￿[r￿1 to rBtK)rt Ihal F We have rnthlng to reF¢¥t in Ihis rBgwd. M*ters 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 ch￿tieS {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 r￿ordS have rw)t been keF*. . financial State￿￿n[S arg noi in agreen￿lt wlth trr records.. LY - we have not r8céW thè info￿8￿￿ 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 n￿MberS 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￿ res￿nsib￿ for iha p￿parath"all ol thé financial statements and for b&ng sab"sfied that ttrw g￿e a Inr ￿ fwr v*w. for such inlema control as th$ truslées deterM￿e is ￿e￿$Sary to ongblg the prgparation gl￿n3[￿l*. stslem8nts thaE are free from maleriaj m&stalernenL whether due to fraud or wror. In preparirg Ihe finarKial syd ements, Ihe tnjstees are rè¥y)nsitAe for asses51ng the (*iarity's abih'ty lo continuè Ss a gding cO￿en. disclcsrpJ, as apprAble. tnaUor5 ￿lated to c￿eM and LEirvJ It￿ goiro concEm basls of ac¢owbng urdess the tnstees either intend b) cea* opernbc¥*. or Fovg fKJ fyalistr¢ 8rtèm8trffj but to do so. A(￿11015 responsibllldes for the aud￿ of tho financlal stat•m•nts We hav& been appointed as audtor under secoon 144 of Ihè Ch•ibes Act2011 and report In accordance with the Act and relevant regulaoons made or hamng efftsct thèrevrKIw. Our oblecl¥es a￿ tr) obtain reasonable 8ssuran¢e abC￿rt whelh8r the finarnlal skterp.ents as a Who￿ are free from aterial rnisstalemenl. whether due to fraud or error, and io Issue an audltorfs mport th81 Includes our oplnlon. R8asonable a￿Uran￿ is a high level ofassurance but is nota gJ8?nl89 that an aJdil ¢ondu¢lgd in accordance wlth ISAS (UK) wlll aNyays dele¢t a malerfal rnisslatement Wh￿ it ewsts. Misstatements L7n erise from fraud or error and are consldered material Ir. Individually or In the aggrE￿Ie, they could rea50nabty be eXp￿d to influ8￿e the econDmlc declsions ofus8rs taken on th8 basis of Ihese financial Statements. The extent trs which rArpro¢edures I￿ ¢apaFk of detthi irregularflles. ItK[￿ing fraud. is detsiled betaw. Ourapproach to Identi￿ng aThJ assessing the risks of material mwlat￿en¢ in respertoflrregulaEities. Indudlng fraud and nor￿compliar￿ laws and r8guLqtions. was &$ foNtrws." the engagemeAt pwther w]su￿d that the erygerrEnt tEam c(rfleciivdy had the appropriate compelence. sklls and a￿lIty to identify ￿ non-compliarKe with laws and rewlauons: we idenbfied the lakns and regUlauth￿ appll(2ble to the th3rlty via di￿1$51￿￿ With the trustees and fmm t￿r of the sector in whith the dient operates: we focused on the laws which we felt were of parbwkr Styjnrf￿￿ to the charity'5 ar￿ti￿s. 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￿( I￿lUdIng obtaining an understsnding ol now fra￿1 might (￿r. by. making enqu'.rres cf the trustees as to where they consrdw&J was S￿￿ePtibllity to fraud and whethér they had knoviledge of any aCbJ￿, suspected or fraud.. a we a￿uMented. assessed 8rKJ lesw the internal ¢xntrols in place to redu￿ 1diellh￿d of any incidervxs of frauj or non•complkarK To 4sses5 the risk of fraud through mandgefflet)I Imas and ov￿ridg 01(yMtFOts, Perfomi￿1 8notytT¢al revlew pm¢edures; an we reviewed and safflple tested journal entries to ccnfimi Ihat Ihèy were genuine I￿￿tions. re￿￿ed a sample ofexpemyiure transadlon fftxn dwr5ty re(x)rds fN appropiTats euthorfsalion lft resp¢Mse lo the rtsk of kreg￿arit*S ar￿ non-comp￿a￿ewl1h Laws and r￿juLet40ft5, we designed [￿dU￿5 whlch induded, bul were rK)I limited lo.. agreeing the dlscl9su￿5 ir. Ihe Fr￿n¢la1 stat￿ents to {W￿dYIng d0￿mentation.. 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￿ ￿￿￿1￿￿1 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 Pa￿sh 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 p￿pared 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 regUlati￿S 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 PraC￿Ce. U50 of this report This r8POrt is made lo the challvs trusiees. as 8 ￿rf￿ty. 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 fUl￿t 8x18nt p8mJitted by law, we do ntst accept or aSSu￿e responsibility to anyone other than ch2rity a￿j 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 Dacem￿r 2025 Including income and expenditure accou Note Unrestrlcted Fund5 2025 Totsl Funds 2024 Total Funds Funds Incomg and endowments from: DonatI￿S and legades 126.Ir28 1.074.763 1,063,350 Ott)er tra¢*ng acti￿tieS 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 h￿lard 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 fir￿n￿al activi￿5 I￿*Ude8 aN gains hjsses rwii%ed year. In th& Unre81￿ed 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 c￿ditorS.. 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 appro￿1 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 stateni￿nIs ?02J Hol>. Trinity 12 The Parochial Church Council of the Ecclesiastical Parlsh of Holy Trinity, Cheltenham Cash flow statemont for the year ending 31 Dec￿nber 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 tr￿Je 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 In￿StIng aetivltlès Purchas8 of fixed as8ets 5.893 1.9521 Net rash (expend￿) frcm Inves￿ry acllvll 15,6931 (1,9521 Net (decrease) In c¥h and cash ewl¥alants 14.&30 28.438 Cash cag) equfvalents al the begtr￿tn9 ofthe yèar Cash and 8qurvalenls at th8 e￿1 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 lÈrnèndm￿tI Regthations and AcCounti￿j and Repor*TyJ by Charities: Statement of ￿mMeThJed Prat*ce 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. w￿Ch is th6 functional currerw ofthe Gharity. Monetary amO￿ts1￿ f￿an(la15￿tW￿8￿ are rounded tLI the near6st£. Golng conc•m Al the time ol appro¥iTrJ ￿ finarthl tstsments. fhe tnJ5t8es have a re8s0nabLg eXp￿tIOn that thtr chority has adequala rescrfJrc&s to c¢xtintJe in Op¢ratim￿ &x$te￿9 forlhe ftyEseeable fvLlwe. Thsjs Iho iruslees continue lo adoptthe golng Con￿1￿ basls D[aiLoun￿ n preparry the finandal statam8nts Funds Gen8ral fvnds repr￿ant￿& ftjnds ofjhe ctsTitythat we not 9J14￿t rp8tsiLtons regardiro thelr use and 8r8 avwlable for ap￿l￿ts)n on the general Tr￿stee$. Funds destynated for a pa￿.￿18r purpc6e by tha Trustees are also umostrictsd. Restricted fvrujs rep￿Sent the of the charity that can onty te used furpaiticu*resldcla(I wrposes th in th8 objects of th8 charity. R8Strk#r￿s arlse spedfied by are raised for partreular The finBncrdl statangnts indLth ON tran￿￿1& 8ssets arnl liat4libes for ￿leh the Trustees ￿ r8spon8ible law. They do not include the financAal statwts Of¢hu￿1 gfCWJPS that rywa t￿1r main affiliation lo anOts￿ body nor those that8ro inf(ymal gatheriy o'¢hurth mgrn Incorr* and èndowments Colf&tiMs are r￿r￿sed when rrriEd by or ￿ befr*l'ofthe c*anly. Planr*d gfvlng reeav8bSe and other donations un¢¢r GFft Aid 8re rec￿niSed ¢yty when ￿lv￿1. Irthme Tax Jpco¥erknIe ￿ Gift Aid th)natiorns Is re￿￿18ed when Iho income is ￿nis￿. and lryxies to th2 charity arg aw)unbJ for as six)n as the ch<y is rn1￿1ed of Its les41 enliUerT*nt. the avount due quantifk*le 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 State￿￿￿1 of financk31 acti￿lieS. The sw)pwt costs are arwfjor*J tu lh8 charTtatAè aC&￿ty where possibl¢, thg rbn)ainderare Wit aqualty he￿en M￿n￿tiY 5WOrtarwJ Past(Ka and Evaryelikn expenses support. Flxed assets Consecrated and befter￿ed of ary kind is exdudgj st*ments by 89612llal of the char.ties Aot 1993. Fbxluw. filtffjgs and office 94iripment- depr>iation 15 pmvided usknJ the strawl line rtjelhod at rales Ga￿ated to wrile of the assets over their usefvl eGo[￿rn￿ Ives. The r* used Is 25% par annum apart from for speaf aS￿l8WhO$e useful life Is considered to be ￿nger. wtTr8r8bi Ihe 4yroF*iate rate s used. sutyectto a minimurn of 10%. Amowts ar& capitali5ed exceed £1250 aThJ Wh￿ life ol the as*ts is ]8SS than three yearn. The Parochial Church Council of the Eccleslastical Parish of Holy Trinity Annual R&port and Financial Statements 2025 14 The Par¢xhial Church Councll of the Ecdesiasiical Parlsh of Holy Trinity. Cheltenham Notes to the financtal ststements for the year ended 31 Decemb¢r 2025 Operatlng Leas08 Renias paydble under otwatThJ ￿e$ a￿¢h•￿1 againsl ino)TE on a Stra￿h1 lthe bas￿ ov8rlh9 lea￿ tem. Penslons The￿al￿yop8fd1e8 a d8fin8d contribtrJ￿ Fen5XM 5okn. e. ContiilxJiw)ns are chargedlolh8stat8mentoffinanckql li￿￿65 as they b￿Ome 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 r￿mmOn rranyolh￿￿antsèti(￿ olow8izeaThJ nakn&. we u58 W[a￿lt015t0 as￿St with the prepar*i of the financial statswnent5. 1.11 Judgements and estlmallon uncertalnty The Trustees make estimates and a$wMptk￿ concerr¥ng ￿ fijknfo. There no estwthes or 8s8umptior that have a *r.lfieantllsk of Gausry a maierial adnithient lo lh8 rxWng amounts of a8s8ts I￿b￿l￿¢S s%ithln the next IIna￿[al ￿r. 1.12 Cash and ¢ash equlvalent8 Cash andc85h squWa￿ntS comtKise cash h harKlarvJc81 depo￿t& arKJ (th￿ShOt14e￿n IN￿.Y liquid invesbnents that arè readity converttle to a arnount of cash a￿ sLt4ect to an ins¥Jntffeant risk of change in valu*. 1.13 Trade debtors Trade debtorsarg amounts due from cusl(Thrsfrx x4d or*Thkespethed knthe ordlnarycour5e of buslness. Trade debtors are r6cagnised nibalty at tr.e tran￿tth Fytro. AU frade d8btOTS are repayable wthin ong yearand hen￿ are included at th8 undtscounted cost Df cash expvted lo be re￿ived. A pro￿S1on for Ehb impalrment of trade debtorsls estsblish&d *knen there thatthe ch￿lty￿1 not be able to collect ￿1 amunts due aco)rding to the thJhat tem￿ of the debfNs. 1.14 Tr*Je treditors Trade C￿edit￿S are obRgaik￿s tor pay for gc￿S or seTh￿ that have wLired n the ordinary eA)urs6 of business frorn 8uppkn. Am)unts payab￿ are dasgffed as r.abil￿e$ 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. Tr￿1& crèditors aTr rewgnised inibalty at the transadon piice *KI Èrè rèpayabfe with•i one yearaid hEl￿tr are indLhaec al the d arnounl of¢ash expected to ￿ paid. 1.15 nanclol Instrumnts FinarKial uistsuments are ctassfEd and knXcordl￿j lo thè 0f￿ContractUal arraryJ8rnent, as finatKI81 asseL%. liabilib￿ or eqimty in¥l￿ts. kn equty in81nJmenl ts any omtr8ctthat8v*Jences a residual interest in the assets of the charity after dedudirvJ all of ils fobilibes. I rin￿￿81 assets and ￿b￿lI£S arg initially rne85ured attransaclion price (Ir￿]U￿r￿ transactrjn co#sl, exopl for Ihose f￿antIal 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￿ ￿nStit￿es a f￿¢￿9 transacti(￿. the finanLyal 8SSÈt or liatHIty is tlleasu￿d al Ihe pre%nl of the fjjture pa￿v￿ts LIS￿nted 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 re￿erable 142.644 142,644 136,309 Offeri1￿ al se￿Ce￿o￿oI no tax glvlng New Development Missonary aA)eaL8 indudiNJ grfl a￿1 234.578 234,578 234.689 8,359 16.617 16.6f7 3,149 Total 2025 948,n5 12f.tY28 1.074,763 1.0￿,350 Totsl 2￿24 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$lisb¢ 33.925 3,39) 37.315 29,096 Worship medkl aclwity irthme 366 14,110 Investsnent In(x)Tne 3.375 Other lJror 10.429 10.429 Totsl 2025 67,582 3.3 70.972 84.176 T(rtal 2024 79,043 5.133 B4,176 Ralslng funds Unrestrlct8d Funds Re8￿ctOd Funds 2025 Totsl 2024Total Cost ofW0￿[p media athty irKome 813 B13 6.965 Tobl 2024 6.%5 Thg cosl of ftmds in 2025 wer8 all unr&sirkted. The Parochial Church Councll Qi Ihe Ecclesiastical Parish ol Holy Trinity Annual Report Financial SlaleTr.ents 2025 The Parochial Church Council of the Ecclesiastical Parfsh of Holy Trinity. Cheltenham Notes to the financial statements for tho yaar ended 31 December 2025 Charftablè aetiYtffie$ Unre%lrk¢¥d Funds Restdcted Fund$ 2D25 Total Funds 2024 Total Funds Athvltles undertaknn." Mr￿10￿¥Y appeals Trinty Supp￿d Mission Partner5 arKJ thaitstrt8 I￿g 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 DOp￿a4110n 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 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{*M￿2{fI5 a& rgpresented by: T￿gIbra fjxad g￿ts Curr¢nl As%ts CUrr￿t 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 r￿MbUrsed 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 min￿llY c￿nMOn tr￿1th$. P￿rchaS8sdUl1[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 (da￿t¥ ofR6vAndrew BW)) as As51slant Pastur. The remul￿rat￿￿ Par￿ pens￿ tota118d rK2205 (2024.. £30.852). Dultng the year under rewew the dtarity • Joanna Leighkn Iwle of Rew Gr*Jam 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