St Jamesi
l Thorley
2025 REPORT AND ACCOUNTS
FOR
THE PAROCHIAL CHURCH COUNCIL
OF
ST. JAMES THE GREAT
THORLEY
REGISTERED CHARITY NO. 1130506

Thorley Parochial Church Council
Annual Report and Accountsfor the year ended
31st December 2025
Aims and Purposes of the PCC
Thorley Parochial Church Council IPCCI works With the incumbent to pr¢ynote the ecclesiastical
parish in association with the Church's mtssion, as set out in the church's Mission Action Plan,
which encompasses pastoral, evangelistic, scKial. and ecumenical initiatr¥es. The PCC is
responsible for the maintenance and use of the buildings we are blessed with.
The PCC continued to work toward renewing our Mission Action Plan IMAP), whith we expect
to complete in early 2026 and will cover our mission and ministry for S years. We continue to
organlse ond evaluate our mission and mlnlstry agalnst the followin8 VI￿On. Mlssion and
Values..
Vlslon Statement:
"To see lives that are changed by the transforniing power of God's Spirit as people come to
know, experience, love and follow Jesus."
Mlsslon Statement:
"Making jesus known, in our communities and networks. to the disadvantaged and in the
wlder world, through words and by actlon."
Our Values:
Communlty: by being together we know that we can build hope, which we find in Jesus.
noi only in our own lives but also in the lives of those around us. We accept and respect
one another for who we are, as we live out our lives in the community of the Church.
Dlsclpleshlp: followin8 in Christ's footStep5 50 that we can hear what He is sayin8 to us
and live out His teachlry.
Outward focused: we have been entrusted with the Good News of Christ, and we reallse
that we must share that Gcwxl News with others.
Intlmary: in rel3tlonship with God. in our worshlp. In the awopriate closeness of our
relationships with, and support for. one anoiher.
Inte8rlty'. in our actions, in our openness, in our honesty about ourselves and others, in
our pursuit of makin8 Jesus known and 5eeln8 God's transfO￿1n8 presence at work in
our lives and those around us.
Couraie: to follow God wherever He leads. making faith-based decisions in all areas of
our individual lives and the life of the Church.
GenerosFty: we realise that for those to whom muth is given, much will be experted and
we alway5 seek to use our time. talents and resourtes in servin8 Christ and others.
To organise our mission and ministry across the whde church, we use three words.. Gather,Gmw. Go.
They serve to underline some of the thin8S that we see as important in living Christian lives of
community. mission and ministry together. They also provide a strategic framework for developing our
Mission Artion Plan IMAP). This is how we con see, in each area of mission and ministry within St James,
key areas of growth, development, and planning for all that we do.
This will be a foundational building block to allow for the strategic development and growth of St
james over the coming years. We need a strategy that we can gather around, and our lea¢Jers
can lealously guard, and a framework that wlll contlnue to release mlnlstry and mlsslon in
desired areas and ways.

Thorley Parothial Church Council
Annual Report and Accounts for the year ended
31st December 2025
Parochlal Church Council ("PCU) Members (Trurteesl:
G31 Tracey (Rector)
Emma White Ichurchwardenl
Emma Collins IChurchwardeTrl
Chris Carr (Licensed Lay Minlster (Reader) to July 20251
Katharine Roper (Licensed Lay Ministef IReaderll (Deanery Synod until 20261
Kirsty Pettln8er (Treasurer until 30 September 20251 IPCC until 30 September 20251
Robbie Ward-Booth IPCC until 20271
Alison Somers (Deanery Synod until 20261
Chris Collins IPCC until 20281
Daniel Daniells-smith IPCC until 20281
Sue Carr IPCC until 20261
Philippa Roy-chowdhury IPCC until 20261
Sue Sembhi IPCC until 20261
Paul Dean (Deanery s￿0d until 20261
Clive Weir (Deanery Synod until March 20251
Phll Davis IPCC until 20271
Louise Olley (Treasurer from l Ortober 20251 Ic04)pled until September 2025, PCC until 20281
Debbie Hoy IPCC until March 20281
PCC Secretary.. Des Conridie
Prlnclpal Office:
Church Office
The St 8amabas Centre
Church Lane
Thorley
Bishop's Stortford
CM23 48E
Bankers:
8arclays Bank Plc.
10 North Street,
Bishop's Stortford
CM23 2LH
The Charity Bank Limited
Fosse House. 182 High Street
Tonbndge
TN9 IBE
Independent Examlners:
Suzanne Goldsmith FCA
Price 8ailey LLP
Causeway House
l Dane Street
8ishop's Stortford
CM23 38T
Insurers:
EIO (Ecclesiastical lftsurance Office) PIC

Thorley Parochial Church Council
Annual Report and Accountsfor the year ended
31st December 2025
Overvlew, Oblectives and Actlvities
The PCC is committed to reaching as many people as possible through worship at St. James and
vla its Out￿ ach opportunities throu8hout the year. A5 we reflert on 2025, we are filled wlth
gratltude for God's blessings upon His church in Thorley. Thls year has been one of growth.
transition. and continsJin8 commitment to our mission. Below. we outiine key developments and
achievements across our church lrfe and ministry.
Key Highlights of 2025
Connert Groups Relaunth
In January 2025, we successfully relaunched our Horne Groups under the new banner of Connect
Groups. These groups aim to deepen discipleship, foster stronger relationships, and create
spaces for mutual encouragement and support. The relaunch has been received, and many
members have expressed how these Groups have enriched their spiritual lives and provided a
greater sense of belon8lng wlthln our church communty.
Second Growlng Leaders Cohort
Bulldlng on the 5ucce55 of our flrst Growln8 Leaders tourse In 2024. we are pleased to report
that our second cohort is nearing completion. This year-long pro8ramme, developed by CPAS.
continues to develop leaders both within the Church and in wider contexts. The growth and
development we have wftnessed In our leaders has been encouraelng and demonstrates our
on8oln8 commltment to le3dershlp development as J key stratellc prlorlty.
Govemance Revlew and Restrurture
In 2025, the PCC began a significant governance rewew to ensufe our structures remaln fit for
purpose and 5UPPOrt effectNe mission and ministry. Key changes will include the reworking of
the Premises Committee to better serve our buildings and facilities needs. the disbanding of the
Flnance Sub-committee, w¢th Its functions now Inte8rated into the Standlng Committee. and the
establlshment of a new Safe8uarding sU￿COMMittee to reflert our deepenlng commltment to
reatln8 safe envlronments tor all.
Tralnlng the Next Generatlon d aerzy
We are deeply commltted to training the nexi 8eneratbDn of Cle￿ and investin8 in those
discerning God's call to ordained rninistry. In September 2025. we were deli8hted to welcome
Jade Harrison. an ordinand. who joined us for a twtryear full-time placement as part of her
tralnin8 for ordalnèd minlstry. Jade has quickly bètome an inte8ral part of our team, wlth an
Inltlal focus an youth work. contrlbutlng to our growlw mlnlstry amon8 chlldren and young
people.
Additionally. we are excfted that Lunette Oppem)an. an exlstlng member of our congregatlon.
has joined our team for one day a week as she explores her calling to ordained ministry.
Lunette's initial focus is also on youth v￿rk, and she has taken over the management of our
social media marketing and website development. bringing fresh energy and vision to these vital
areas of communication and oirtreach.
This commitment to tralning and developing future clergy rellects our values of discipleship and
gener051ty, as we Invest in those whom God is callin8 to serve His Church. We are 8rateful for
the opportunlty to partner wfth the Diocese in this ￿ts1 work and look forward to seeing how
God wlll use Jade and Lunette In the years to corne.

Thorley Parochial Church Council
Annual Report and Accounts for the year ended
31st December 2025
MAP Development
Throughout 2025. we have experlenced sfisnlfieant growth in our con8regation, bringin8 both joy
an(1 challenges. Over the last 18 months. we have seen a notable Increase in attendance across our
services. This growth has highlighted our capacty constralnts In several key a￿3$. Impactln8 most
teams.
To Snfom the development of our renewed Mission Artion Plan. we undertook a comprehensive
whole church surwey during the year, alongside a focused Natural Church Development INCDI
survey. These surveys have prowded valuable insights into the health and vitality of our church
communlty, Identifwn8 both our strengths and areas where we need to focus our attention and
resources. The findlngs from these surveys have fomied the foundatlon for our renewed MAP, and
we are currently in a period of discernment surroundin8 the next steps.
The NCO survey, in particular, has helped us understand the key characteristics of a healthy.
8rowin8 church and prowded a clear framework for strategic plannin8. As we look ahead to
implementing our renewed MAP. we are committed to addressin8 our capacity challenges while
contlnuSn8 to foster the grovrth and development that God has blessed us wlth over recent months.
Sayln8 Goodbye to Dear Frlends
Thls year. we said goodbye to some dear frlends from church farnlly as they passed away. We
partlcularty remember and give thanks for the Ilves of ￿￿e Welr and Chrls Carr, both PCC members
at the time of their passin& whose funerals we held durin8 2025. Their faithful witness and
contrlbutlon to our church comrnunlty w511 be fondly remembered. and we continue to hold thelr
famllles In our prayers.
Bulldlnis
The PCC has responsibility for fNe buildings..
St. James the Great Church which dates from ihe 13th century
The Church Room, orl8lnally the old Thorley sthoolroom. rebullt In 1994
The St Barnabas Centre ISBCI. a restored 16th century tlthe barn. opene(I In Aprll 1996
The Emmaus Centre, a former Dutch barn, rebuilt then opened In 2￿3
The Thorley Chrlst5an Centre ITCCI. Vlcerons Place. Thorley. orl8lnally a 'Local Ecumenlcal
Project, it was taken over the PCC in 21XJI at the request of the other churches.
In addition, the PCC has joint responsibility with the Diocese of St Albans for a further 2 bulldlnos..
The Rectory. Vicerons Place. Thodey Park.
The Curate's house, 7 Elmbrook Drlve, Thorley Park
We continued to work hard in 2025 to maintain and develop the buildings entrusted to our care.
We have begun planning the next phases of our Capital Spend strate8y. We have spent 518nificant
tlme thls year engaged In the nece55ary work to malntaln our hlstorlc bulldln8s and essential
8rounds malntenance.
In 2025. we commissioned an architert-led quinquennialthstyle rewew of our non-parlsh church
buildings. (The TCC inspection is planned for ear￿ 2026.1 The results of this comprehensive inspection
have Informed our renewal and restoration strate￿.eS for these important buildings. We have
completed significant remedlal to the wood panelllng on the bam and successfully restored the
road-facing side of the Cow Shed Rooms.
Ensurfng our work dellvers our alms
We review our aims, objectives and outcomes each year. This review examines the success of each
key activity and the benefits it has brought to the groups of people we help and support. The review
also enables us to ensure our alms, objectfves and artivitie5 remain focused on our stated purposes.
We have referred to the Charity Commission's general guidance on public benefi't when reviewlng
our alms and objertives and planning our future activities. In particular, the PCC considers how
planned actmtles wlll contrlbute to the alms and goals they have ser.

Thorley Parothial Church Council
Annual Rep)rt and Accounts for the year ended
31st December 2025
Structure, governance and management
At the Annual Meetin8 of Parishioners IAMPI. held in May 2025. all those Ilvlng in the parlsh or vtho are
on the Elertoral Roll of St James the Great. are entrtled to elect two Churchwardens who are elected
annually and can hokl office for slx successive years. following which they must step down for a period
of 2 year5 in accordance wr¢h the Churchwardens Measure12001, No. 11 and agreed by resolution of the
AMP in 2020. As a consequence of this meetin& two Churchwardens were appointed.
The PCC of St James the Greatls a reg15tered charlty. and all members. Includlng ex offlclo and co-opted
member5, are Trustees named on the Charity Comrnission re8lSter. The structure and governance of the
PCC are lald out In the Church Representatlon Rules120221 and are made up of several categories of
members as follows..
The Rertor Ichalrl
The curate lif in postl
Up to three Readers (by resolutlon of the APCM In 2017)
2 elected Churchwardens
3 elected Oeanery Synod represent*tves
9 elected lay representatives (by a fesolution pa$5ed at the APCM in 20161
I treasurer
I non-voting secretary
Other members of the con8re8ation may be ((￿opted as required. but not exceedin8 in number one-
fifth of the elected lay members, or two persons. whichever shall be the greater.
The Annual Parochial Church Meeting IAPCMI elerts the lay and deanery representatives. Voting at the
APCM Is re5trlcted to members on the Elertoral Aoll only. Elerted13y represent*lves setve for a three-
year term. wlth one-thlrd standin8 down each year and one-thlrd being elected or reelerted. Members
must Stand down after two consecutlve 3-year terms and may not be re*lected for at least I year.
Deanery Synod representatlves are elected every three years and remain in offlce for the full term.
Should any representative resi8n, a replacement will be elected at the next APCM for the remainder of
the term.
The Rector las Chairl is responsible for the indurtion of new members. explainin8 thelr responslbilitles
and dutles, as well as the admlnlstratlve prtxedures. and phllosophlcal and theological approach of the
PCC. All new members receive copies of the previous year's annual report and accounts. In the absence
of the Rector, this responslbllity falls to the Churchwardens. The PCC Secretary advises members of their
duties as charrty Trustees.
At the first meeting of the PCC followlng the APCM. the lay Chair {artin8 in the absence of the Rertorl
and PCC representatlves for the Standing Commlttee are appolnttd. Two members lThe Rector plus an
elected member) are also èppolnted to the Frlends of St Jarnes, Commlttee as requlred by the Frlends,
constltutlon.
The PCC Treasurer. together with the Stsndln8 Cthnmrttee and other profe￿10n?11Y qualified volunteers,
prepares the quarterly and annual accounts and budgets.
The PCC operates In association with several SU￿0mMittee$ that report to it. These include..
The Standing Committee. This is the onty committee required by law and has the power to transart
the PCC'S business between its meetings, subjeci to any directions and lim¢ts given by the PCC.
The Finance Committee. This presefrts proposals. reports. procedures, accounts and budgets for PCC
approval Ivntil Nov 2025. when this funrtion was woven into the work of the Standing Committee).
The Premises Group, which attends to all matters relatin8 to land and buildings, induding the
churchyard. and the car parks.
The Safeguarding SuEtrCommittee, which was fonned in November 2025, and its terms of reference
and membership are currently being decided.

Thorley Parochial Church Council
Annual Report and Accounts for the year ended
31st December 2025
Rlsk Management and Safe8uardln8
Each year, the PCC reviews the risks that St James faces. To date. these have maillly related to the
maintenance of
St. James Church, whlch Historic England has classlfTrtd as a Grade One listed bulldln& the SBC. which Is a
Grade Two listed buildin& and the other bulldin8s mana8ed by the PCC. These rlsk5 have been mitl8ated
by a regular programme of inspectlon and malntenante. as well as (￿pIlance with anv
recommendations made by the
Diocesan Archstect during his Quinquennlal InsF*dions. (As we are mi(We. we are still progre55in8
some actions highlighted by these inspections.} There are also mlnor areas of risk relating to staff
employment, whlch are covered by approprlate procedures. pollcies and insurance. The PCC is also aware
of the risks a￿OCiated with makin8 charitable grants and generally controls them throulh detailed local
knowledge of potentlal beneficlarles. Payments to other charltles account for a relatlvely small share of
the PCC'S annual expenditure.
We take our safe8uardin8 responsibilities very serlously. We are commltted to ensurlng that St James Is a
place of welcome, safety. compasslon, and accountabi15ty. We work hard at cre3tlng an envlronment In
which all feel secure. and valued . where we are wgilant. yet carin& so that all who come to worshlp may
do so in safety and in the knowled8e of God's endurin8 love. For all activities where it is required,
Dlsclosure and Barrlni Sepilce IDBSI checks have been carrled out on each responslble per50n and others
working wlth chlldren. youn8 people and vulnerable adults. In accordance wlth the recommendatlons of
the House of Bishops and diocesan policy. PCC members make a safeguarding declaration that they are
aware of their responsibility to promote a safer enwionment within the Churth.
Achlevements and performance
A Warni Welcome for All
St James Is committed to providin8 a warm and welcomin8 space for all se8ments of our community. Our
Welcomin8 team has a pastoral responsibility on a Sunday morning to offer a warm welcome to all who
come through our doors and offer a Ilstenln8 ear. especlalty to neW￿merS.
Pastornl Care and Prayer Mlnlstry
The members of our Pastoral Care team contlnue to Ilalse wlth one another to IdentKy the needs of
speciflc parishioners. Inc1￿￿{n8 through home vislts and home wmmunions. The Prayer Ministry team
remalned avallable for personal prayer durin8 and after every 10:30 am seNice.
Worshlp & Prayer
2025
95
2024
97
Total Sunday Servfjces
Weddings & 8lessin85
Funerals & Interlments
Total Usual Sunday Attendance (Adults)
Total Usual Sunda
Attendance (Children & Youth)
Electoral Roll
29
134
19
151
io
168

Thorley Parochial Church Council
Annual Report and Accounts for the year ended
31st December 2025
Chlldren •nd Youth mlnlstry
Our Sunday morning youth and chlldren's work contlnued to develop throughout 2025. We
rebranded our Sunday mornin8 8roups as 'Life Builders," uslng Lego as a creative medium for
dlscipleshlp. Thls approach has proven particulath p)sitive for neurodiversity, providing hands-
on, visual learnlng opportunities that engage children with different learning styles. The
restrutturin8 enabled us to launch a dedicated VOLrth meeting on Sunday mornings. which has
already reached double-di8lt attendance las this is a l*fryear shift, this is not yet reflected In
our average yearly flguresl. Our sunday evening youth group continued to meet throughout
the year. Little Stars. our parent and toddler group. has continued to 8row and flourlsh. though
we face seasonal capacity challen8es during peak periods and are explorlng additlonal meetln8
spaces across our buildings to accommodate demand.
Use and Development of Bulldln8s
The Thorley Chrlstian Centre ITCCI. the St. Bamaba5 Centre ISBCI. and the Emmaus Centre IECI
continued to be used by a wide variety of people. including members of the St James Church
family.
The Friends of St James continue to raise funds for work needed in the Church and curtilaae
area. The PCC is very grateful to the 'Friends' and all those who support it.
Mlsslon and Evangellsm
Several members of the St James church famlly remaln actlvely Involved as Street Pastor5, wlth
our Rector Currently arting as their Chairof Trustee5. We also have our lon8-standin8
commitment to Holiday 8ible Week.
Our recent Natur31 Church Development INCDI sur¥ey has pr￿ded valuable InsS8hrs Into the
strength5 and areas for 8rovrth wlthSn our church communlty. Whlle we cdebrated many
posltive flndin85, the sur4ey identlfled needs4riven evan8e115rn as ? key area requlrlng focused
attention and development.
Needs-driven evan8eli5m is the Pfartice of identifying and respondlng to the practical and
splritual needs of people In our community as a mean5 of sharin8 the Gospel. The survey
results indicate that we have an opportunity to stren8then our outreach by being more
Intentlonal about understandlng the needs of those around us and developing ministrles that
addre55 these needs whlle polntlni people to Chrlst.
In response to these findings. the PCC is committed to:
Developing a deeper understanding of the needs present In our l¢xal communSty
through Ilstenlng and engagement
Creatin8 Opportunities for church members to build authentlc relationships Vlryth
ttrKJse ou￿de the church
Equipping our congregation wlth the confidence and tools to share their faith
naturally in everyday contexts Revlewlng and potentially developin8 new ministries
that serve community needs while creatin8 spaces for swritual conversations
This area of development will be incorporated Snto our revised Mission Action Plan for 2026-
2031, ensuring that needs¥riven evangelism becomes a tentral focus of our mission and
mlnlstry In the years ahead.

Thorley Parochial Church Council
Annual Report and Accounts for the year ended
31st December 2025
Shared Mlnlstry and Ecumenlcal Relatlonshlps
The PCC is committed to the very strong Churches Together in 8tshop's Stortfofd. Where
ssible. our clerey attend the Iy-monthly ecumenical Bishop's Stortford Ministers, Fellowship
meeting and the monthly Bishop's Stortford Deanery Chapter meeting.
Three members of the PCC also srt on the Deanery Synod, providing the PCC with an important
Ilnk between the parlsh ènd the wider 5trurtures of the church. both locally and natlonally. In
June 2025. our Rector ceased to be the Area Dean for 8lshop's Stortford.
Our Vlslon for 2026 and beyond
As Outllned earller in thls report, our Mlsslon Actlon Plan contlnues to gulde our work across
worship, pastoral care, children and famllles mlnlstry. hytrKld engagement. and communlty
outreach. Looking ahead to 2026. we are flnallsing a new five-year MAP that will build on these
foundations while addressin8 key areas identified throu8h our Natural Church Oevelopment
suThey, particularly focusire on needs4riven evangelsm.

Thorley Parochial Church Council
Annual Report and Accounts for the year ended
31st December 2025
Financial review
Thanks to our congregation's generous giving. pwdent financial management and God's
graciousness, our flnancial position remains Stable despite another challenging year for the
economy. Overall, our assets increased over the year, with our bank balance, including
amounts on deposit. standing at approximately £l56.(￿(2024.. £128,(KM)I.
The majority of our unrestricted income was from planned givin8 by the church family. whlch
amounted to £115.(KXI, including regular funds given via Charities Aid Foundation or
equivalent vouchers12024.' £117.IXIOI. Donations for use of our church premises is growin8
and amounted to £56,(￿l2024. £53,(KK)l. We are 8ratelul to Edward and Ann Mlller for
organising a very successful summer musltal evenlng that raised £1.040 for the church.
Major expenditure included our Diocesan Parish Share of £96.(￿. which is slightly down on
the previous year12024.' £97.(KKJI. Stafl costs were £53,(￿)(2024= £49,0￿) and unrestricted
running costs for our buildings were £42,C￿12024. £42,(KKJI,' even though market rates for
utility costs had increased significantly. we beneffted a8ain from our fixed prlte contract5.
Charltable BSvlng was £8,(KX)12024-. EII,(wI.
We end 2025 with finances secure. We are 8ratefvl for the falthfvl support of the church
family and the abundant provision of God.
Reserves
The PCC'S task is to manage the funds available to it carefvlly. Our reseffts target is to hold at
least three rnonths of c05ts, based on an avera8e of the unrestrfcted expenditure for the last
three years, whSch thls year amounts to É216,(XKI. At the end of the year (after transfers
between funds), our unrestr6rted, undes18nated funds amount to É93.55212024.. £87,9351. So,
our reserves represent just over 5.2 months, worth of annual expenditure. In addltion. we hold
£25,35912024- £10.8751 of restricted funds. £40.OCKI12024: £40,(xxII of funds designated for
the repalr and maintenance of our buildings. and a d￿anated fund representing the capital to
purchase new computer equipment. After depreciation. this deS￿nated fund amounts to
£3,59212024.. £5,248).
The remalnln8 £2,471,776 In deslgnated funds to8ether wlth the re¥aluatSon reseThe of
£104,941 represents our freehold land and property fixed assets. The endO￿rnenl fund has
decreased to £10,167 as a result of a decrease in the underlying investment value of the fund
held by the Diocese12024.. £10.5901 and this represents the end¢ywment capital of the Patten
Bequest.
Our budget for 2026 shows a break*ven posltlon, whith encourages us to contlnue our
missional activities during 2026.
With tontinued careful financial mana8ernent and reliance on God's provislon. we are hopeful
for the future.
Flnal comment
We extend heartfelt thanks to everyone in our thurth community who has contributed time.
energy. and resources to our shared ministry. From clergy and lay leaders to volunteers and
supporter5, your faithfulness is deeply appreciated. Together. we are advancing God's kingdom
In our parish and beyond. On behaw of the Parochial Church Council
G P Tracey Ichalrl
Louise Olley ITreasurerl
Oate: 6th
2026

Thorley Parochial Church Council
Annual Report and Accounts for the year ended
31st December 2025
Statement of Flnanclal Activities
2024
Dottatlons and grants
oihw volunt4rylncome
Income from tharit*e and
anclllarytradlw=
Income from Investm￿ts
21al
21bl
21el
Im957
SA168
7.357
7.928
186,885
56,168
7.357
194,tx)8
58,261
3,756
dl
4,774
2473S7
2x925
Ewdllur•
GTrnti
Charltable actlvltles
Fund-rals*n8 and put4k
10.675
222.478
10.963
¥bl
Jlcl
21&509
5.612
224,121
4,268
4.268
&611
23S,919
244.116
N•t In¢om•ll•wfiknl lor
the year
21.147
15.6UI
19.1%
N•t Ilossllpln Inv•%tm*nts
14231
14131
237
Trander tetsveen funds
10.824
5.617
Total fvnds brouthi forward li
l January IRevaluatlon resep
IrKhJded wtth de5￿ted1￿1KISj
103
17.935
1.621.215
10,875
2,730,615
2,715,569
Tolal furth urwl•dlrnrd at 31
OKamb•r 2015
J59
2.749,317
17ao.615
All income and expenditure have arisen frorn continuing activities.
The notes to the accounts are shown on pa8es 12 to 22 and form part of these financial statements.
io

Thorley Parochial Church Council
Annual Report and Accounts for the year ended
31st December 2025
Balance Sheet
2024
T•nÉibl¢ fix¢d •ssrfs
Investments
2.579.401
10.167
2.587,812
10.590
2,591402
Debtor5
Cash at ban* and ITh hand
Investments
12,245
102.793
53,459
12,633
77,268
51,205
168M97
1,106
8.6n
8,893
IS9J19
132.113
1749J17
2,730,615
1749y7
2,730,615
Funds
io
Unrestrfcted
Genef•l
Oesl8n•ted
Rev•lu•tlon reser*
Toial Unresirl¢ted
93.552
1.515.368
104.941
2,713,861
87,93S
3.516.274
104,941
2,709.150
Restrirted
Enoowment
2S.3S9
10,167
10.87S
10.590
Yrtsl Funds
1749.J17
2.730.615
The financial statements were approved by the Parochial Church Council on
behalf by..
and signed on its
G P Tracev
IChaSrl
Louise Olley
ILay mernberl
The notes on pages 12 to 22 form part of accounts.
ZcL6
li

Thorley Parochial Church Council
Annual Re￿rt and Accountsfor the year ended
31st December 2025
Accouniln8 polldes
Thorley PCC is a Parochial Church Council in England. The address of the re8iStered office is given in the
charity information on page l of these financial ststemen
Basls of preparatlon
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been
prepared In accordance wlth Accounting and Reporting by Charities: Statement of Recommended Practlce
applicable to charities preparing their accounts In accordance wfth the Flnancial Reporting Standard
appllcable Sn the UK and Republic of Ireland IFRS 1021 (effective l January 20191- Icharitles SORP IFRS 10211,
the Financial Reportin8 Standard applitable in the UK and Republic of Ireland IFRS 1021 and the Charities Act
2011.
The charity meets the definition of a PU￿ benefrt entity FRS 102. Assets ènd Itabllitles are reco8nised
at hlstorlcal cost or transactlon value unless otherwise stated in the relevant accounting policy notes.
The financial statements have been prepared to give a 'true and fairf View and have departed from the
Charities IAccounts and Reports) Regulations 2LX6 only to the extent required to provide a 'true and fair
vlew,. This departure has in¥ol¥ed following the Accounting and Reporting by Charities: Statement of
Recommended Prartice appI￿able to charities preparin8 their accounts in accordance with the Financial
Reporting Standard appllcable In the UK and Republlc of Ireland IFRS 1021 issued In Ortober 2019 rather than
the Accountlng and Reporting by Chèritles: Statement of Recommended Practlce effectfve from l Aprll 2CK)5
whlch has slnte been wlthdrawn.
The financial ststements are prepared on a 8oin8 ¢oncem basis under the historical cost convention.
modified to include certain Items at falr value. The finandal statements are presented in sterlin8 which is the
funttional curreficy of the charity and rounded to the nearest £1.
The signiflcant accounting pollcles applled In the preparation of these financial statements are sel out below.
These policies have been conslstently applied to all years presented unless othern¥ise stated.
Golng concem
The financial statements have been prepared on a 8oln8 concern basis asthe trustees belleve that no materlal
uncertainties exist. The trustees have considered the level of funds held and the expected level of income
and expenditure for 12 months from authorisin8 these financlal ststements. The budgeted Income and
expendlturels sufflclent wtth the level of reserves for the charify to be able to contlnue as a golng concern.
Llke many charities. at this time, the charity has been grapplin8 With the issues caused by the current difficult
economic environment. Income has decreased s118ht￿. particularly planned giving and property income. So,
the trustees have considered the level of current reseNes and belieNE reserves are sufficient for activities to
be maintained for 12 morrths. A detailed commentary on the reser¥e5 posr(ion 15 included in the Trustees
report on pa8e 9.
Judgements and key wurces of estlmatlon uncerta5nty
In the application of the Charity's accounting policies, which are destribed above. the trustees are required
to make jud8ements, estimates and assumptions about the carrying arnounts of assets and liabilities that are
not readily apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factor5 that are considered to be relevant. Actual results may differ from those
estlmates. The Trustees do not conslder that there are any critical Jud8ments or sources of estlmatlon
uncertainty in the financial statements.
12

Thorley Parochial Church Council
Annual Report and Accounts for the year ended
31st December 2025
Funds
Unrestrlcted fund$ are general fvnds which can be used for PCC ordinary purp)ses.
Designated fund5 are unrestricted funds that due to their nature are not readily realisable and cannot
therefore be considered to be general funds available for PCC ordinary purposes or have been designated for
a particular purpose. The PCC'S fixed assets are included in such designated funds.
Restrkted funds represent a} income from trusts or endowments whlch may be expended only on those
restricted objects provided in the temis of the trust or bequest, and bl donations or grants receNed for a
specific object or invited by the PCC for a specific object. The funds may onty be expended on the specific
object for which they were given. Any balance remaining unspent at the end of each year must be carried
forward as a balance on that fund. The PCC does not usually invest separately for each fund.
Endwnent fvnds are funds, the capltal of which must be maintained,. only income arising from investment
of the endowment may be used either as restrirted or unrestrirted funds depending upon the purpose for
which the endowment was established. The PCCS On￿ Endowment Fulld is the Patten Bequest and provide5
an income to be used for the upkeep of the Church. The fund value 15 increased in line with the value of the
related investment.
Income recqnltlon
Planned glvln& collectlons and donatlons are recognlsed when recelved. Tax refunds are recognlsed when
receivable. Grants and Legacles are accounted for when the PCC Is legalty entltled to the amounts due. All
other Income Is recognlsed when It Is recefvable. All Income Is accounted for 8r+XS.
Empendlture recognltlon
Grants and donations are accounted for when paid over, or when awarded. if that award creates a bindin
or constructive obli8ation on the PCC. The diocesan parish share is accounted for when due. Amounts
recelved specfflcally for mlsslon are deèlt wlth as restrlcted fund5. All other expenditure, including support
Costs are 8eneralfy recognlsed when Incurred and accounted for gross.
Expenditure Is staled gross of Irrecoverable VA7 and has been classified under headlngs that aggregate all
costs related to the c*e80ry.
Flxed assets
Consecrated and benefice property Is not Included In the accounts by sectlon 10 of the Charllles Art 2011.
Moveable church furnishlngs held by the Rertor and Churchwardens on speclal trust for the PCC and whlch
require a faculty for disposal ore Inalienable property, listed in the Church's Inventory. whlch can be inspected
lat any reasonable timel. For anything acquired prior to 2(XKI there 15 insufficient cost information avoilable
and therefore such assets are not valued in the financial statements.
Fixtures, fittin8s and equipment are tapitalised at cost. DepreciatK>n is calculated to write off the capitalised
cost over an estimated useful life of 3 years.
The trustees have concluded that all land and bulldlngs are held for the PCCS use and as such none are
Investment propertles.
The PCC has applied the transkn'onal afra￿ements of sectlon 35 of FRS 102 and rneasured its freehold
property at deemed cost at the date of transltlon. belng l January 2015. Since the residual Value is so hlgh,
any depreclation char8e would be negligible. An impairnient review Is carrled out at each year end and anv
resultant loss identified included in expenditure for the year.
13

Thorley Parothial Church Council
Annual Report and Accounts for the year ended
31st December 2025
Flnanclal Instruments
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic
financial instruments are initially recognised at transaction value and subsequently measured at their fair
value as at the balance sheet date. All financial instruments of the chartty are measured at cost with the
exception of the fimed asset land and buildings which are held at their revalued carrying amount. The value
of land and buildin8s Is ststed Sn note 5.
Financial assets include the bènk balances. trade debtors and other debtors but exclude prepayments and
taxation. Financial liabilities include trade creditors. other creditors. accruals and deferred Income but
exclude social security and other taxes due.
Debtors
Trade and other debtors are reco8nbsed at the settlement atn¢yJrt due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due. Accrued Income is included
at the best estlmate of the amounts, recefvable at the balance sheet date.
Cash at bank and In hand
Cash at bank and in hand includes cash. bank deposits and short-tem highly liquid investment5 Wth a short
maturity of three months or less from the date of acquisition. opening of the deposit or similar account.
Current asset Invertments
Current asset Investments includes balances placed on deposit with maturlty of three months or more from
the date of acquisition or openin8 of the deposlt or similar account.
Credltor$
Creditors are reto8n15ed where the charfty has a present obllgatlon resultln8 from a past event that VAII
probably result in the transfer of funds to a third party and the amount due to settle the obligation can be
measured or estlmated rellably. Credltors are normally reco8nlsed at their settlement amount after allowln8
for any trade discounts due. Accrued expenditure is included at the best estimate of the amourts payable at
the balance sheet date, after allowin8 for any trade discounts due.
Penslons
The Chartty provldes a defined contribution pensbon scheme, whereby the Charlty and Its staff each fund the
scheme, managed by a third-party provlder. the assets of which are held by the provider separately from the
a55ets of the Charity. The pension char8e in the financlal sLitements represents the am(wnts Payab￿ by the
Charlty to the fund in respett of the year.
Taxatlon
The charlty Is exempt from ¢orporntlon tax on its Income applled for charltable actlvltles.
14

Thorley Parothial Church Council
Annual Report and Accounts for the year ended
31st December 2025
2 Income
Tat*l Funds
21al
Don•tlons•d y•n¢s'.
Planned 8Mn8
Incorne tax reco¥erètit
LE8aCy
Grants
CAFI St¢w•rdshlpVourhers
Frlends of StjarneSr￿tylbUt￿lnSto thurth repAlr
IL%tÈd platts Of warsNp yant sclYmE
Sundrydonatlons
1(8.153
109,153
33.445
113.628
30.750
15,253
5.730
3.780
240
232
Z8,125
194,riJ8
2.871
165
4.852
7,928
2A71
165
35,511
186.88S
YJ.629
957
21bl Other ￿Kome.
Oonaiions lor use of Churth weft
Fetes. ba2aar% ottr*r fund.r•Wryqevents
56.168
56.168
52,761
5,500
58,261
S6.168
56.168
21£)
Incomefrom char4table and an£lllary tAdlni'.
PCC, fvneral Ind weddin8 fee5
7.357
7.357
7.357
3.756
21dl
Income from In¥ertmentk"
8ank Interest
4.￿4
TOTAL IPICW41t
247J57
255.IlS
258,925
2 Income 2024 comparatlve
r•t•l Funds
Fund5
2023
21al
DOnatkn￿and 8r&its.'
Planned
Ineomt tax re¢ovw*kJ•
113.628
1,750
15.2S3
113,628
30.7SO
15,253
106,523
29.243
Grants
CAF I Stewardthlp ¥￿•
Fdend5 01 St James (C￿1￿bVI￿nS to thurth w•lr
Llsted ￿a(*S Of wor5hlp8r•nt
>Jndry donatlons
3.780
240
232
28,125
194,CrfJ8
3,255
210
232
7.433
20,692
116,103
21.935
160.956
21bl OtherwIurf•rylKty￿'.
Donatlon5for use ol Chwth prem15es
Fetts. ba214rs, tsthErlun&r¥lsin8 e¥ents
52.761
52,761
47,137
4,956
52,093
52.761
58,261
Ineorne from tharltabl¢ •nd •ti¢ill•rytrndir*:
sea Dean irKome
PCC. funernl •nd w¢ddlrytses
2,279
6.894
9,173
3,756
3.7S6
3.756
21dl
In¢ome from Iiivesimeiits:
Bank SntÉr¢tt
1,490
TOTAL INCOME
245520
13
25BS25
21J,712
Is

Thorley Parothial Church Council
Annual Rewrt and Accounts for the year ended
31st December 2025
Expenditure
R•5trlct•d
hds
Total Funds
2024
3181
Outreach
Olhef
2.9B9
10,675
Ministry: dlo¢egn qwt
Cler8y exFenses
Mithlstry.. curaie txpert
UF&eep ol Chur£h SeThl£es
Llghthouse kkls. youthyoups& feknvsNp
8roups
R•rtw and ￿liSh House repalrs
Parlsh HtyJse- loan Inttr¢tt
Church runnlnl expenses arrtl repairs
St 8amabas Centre expEnses
Ernmaus Centre nbrthlry2xpeffjes
Thodry Christvén (el￿e T￿￿*￿eXpe￿5
repalrs
Support ¢QSts INote 3ldll
9S.623
95,623
96,976
3.691
1.139
2,442
1,681
778
210
10.117
18.254
6.036
7.438
10,117
18,254
6,C136
7,438
19.443
7,178
6.847
71.8n
5.611
77,485
74,173
218.5(8
5,612
214121
221.478
Custs offetes•nd othw fun&nlslr4 *￿rts
4.268
4,268
4.268
4.268
10,963
10,963
22QiOg
42
135,989
244.116
31dl
Staff costs (Note 41
mln15tr*lon and Office suppl
couTrtsrKy
W•b5it• rnalni•nant•
Telephone and MSsceMarbeous
Depreclatlon
53.477
4.976
53,477
4,976
48,527
S,B94
2,568
1.145
1,145
3.sgj
11.650
77,485
3.190
13,(K16
74,173
6.038
71.871
5.612
5.612
16

Thorlwi Parochial Church Council
Annual Report and Accounts for the year ended
31st December 2025
3 Expendlture 2024 Comparative
Totsl Funds
2023
Funds
3131
rant
Outreath
Other 8￿1
1.489
1.772
3,261
2,989
1.600
7,316
8.916
5.914
7.414
10,675
31bl
Mlnlstry.. 4knesan quota
C1er8y expenses
MlnSstry'. £urattexper&es
Upkeep of Church Serylces
Uihthouse klds. ¥outh &fdrA*sNpiroLY>S
Cost of the music fdkn¥shlp
R¢¢tory and P•th Houw
Padsh *louse- loan Interest
Chuvch runn1￿ e¥pen5e5 and repair5
St Barnabas Centre runnine exper6•s
Emmaus Centre expe￿￿eS
Thorky Chrlsthln Centye txper
repalrs
Support costs (Note 3ldll
976
3.691
1.139
2.442
L422
96.976
3,691
1,139
2,442
1.681
93,389
4,256
1.431
2,369
1,099
159
210
210
iio
17
5,630
19,082
3,748
5,362
7,976
19.443
7.178
6J4?
19.443
7,178
6,847
68.926
S.247
74,173
74,S22
216.284
5,247
947
222.478
111,015
31cl
Costsofknes and other fun&r•blrp•e*rrts
10.963
10.%3
10,963
10,963
4.261
4.761
213.691
15,171
244,116
224.192
31dl
Staff costs INote 41
Almlnlstratlon and Offl¢¢swJpllM
48,527
48,527
s￿91
46,737
6,365
Website m•lfit•n•rK•
Telephone and Mlsceli4neous
Depre¢l•tlon
1,055
3,249
14,172
74.522
3.1
7.759
68.926
3,190
ia,oJ6
74,173
5.247
5,247
Staff Costs
Ufftstrfcted ftestrfaed Total funds
Funds
2025
Total Funds
2024
W4es and saknrfts
52.6
877
53A77
SI,6￿)
877
SJJ77
47,331
1,196
48,527
Durlng the year the charity em￿<￿e￿ an average of 3 empWes 1x124.. 31.
No employees received total employee benefits in emcess of £fil,￿l2024. Nill. The PCC considers Its key rnanagement
personnel to comprise the Rector. Chur£hwardLYTrS and appointed offickils Isee pa8e 11.
No key management personnel rece4¥ed remuneration nor benefits in the year12024 .. Nill.
17

Thorley Parochial Church Council
Annual Rep)rt and Accounts for the year ended
31st December 2025
5 Fixed Assets
T￿n￿bI*l￿•d •%*•ts
The St 8arnabas Centre
Ernffl3us Contre
The ThodeyChrtstKan Cer*trt 110% PCC irteresil
7 Elmbrook DrNe115.04% PCC interestl
L989,927
478.335
49.748
58,957
2.576,967
1.989,927
478,335
49,748
5B.957
2.576.967
1574967
2.576,967
Cost brourtht forwitd
Additlons
Dlsposals
Cost cathed fon*ard
45.366
3.239
45,366
45,366
kc¥rnuloted depre(0#￿n brou4htforwwd
D￿eCiatth char8efor ¥ear
Dyeekitlon ellrninated on dlswsal
rurnuhted depreclatkn forward
34.521
11.6SO
21,51S
13,W6
34,S21
Net bookvalue brouiht forward
Net b¢Jokv*lue t*rri¢d tovward
10.845
23,851
10,845
Tot•1 Ilx•d •AWts
S79
12
The PCC owns two freehold bulldln85, the St Bamabas Centre and the Emmaus Centre both In Church Lane,
Thorley. The Dloce5e owns the Thorley Chrfstian Centre at Vicerons Place, Thorley Park. wlth the PCC
holdin8 a IO% interest. The Parish House is a residential property owned by the Llocese. in which the PCC
holds a 15.04% interest.
The PCC has applied the transltional arrangements of sertlon 35 of FRS 102 and measured its freehold
property as noted above and used those valuations as its deemed cost at the date of transition. beln8 1
January 2015.
6 Investments
2015
At l January
IL055118ain on ¥a￿e al In￿sIn￿nts
At 31 De¢zml)er
10.59J
423
10.167
10,353
237
,$90
This investment relates to the Patten Bequest endowment held by the St Albans Diocesan Board of Flnance.
18

Thorley Parothial Church Council
Annual Report and Accounts for the year ended
31st December 2025
7 Debtors
2024
A¢¢ounts recelv*ble
Incorne tsx recoVeral￿e
Prepaymentsand accrued income
1.320
6.950
3.976
1,800
6,758
4,075
12.633
8 Current asset Investments
1024
Depos￿3¢CountS
S3.459
$1,205
sJAs*
51.205
9 Llabllltles: Amounts Falllng Due Wlthln One Year
21QS
2014
DBFNocancy LlabllMf
Depostts held
Aetrutd
Creditors foraoods and sef
Weddlh8 lee l Funtr41 fee dlstsJrsem￿s
Tax and NatIC￿31 Insurance
Penslon li•biMt5es
DIoCes￿ loan re 7 Elmbrookl
563
551
2,876
376
451
2,S68
3,897
214
387
228
&6n
19

Thodey Parothial Church Council
Annual Report and Accounts for the year ended
31st December 2025
10 Movement on Funds
G•tnsl Tr•r4fws
J•nu•ry
2ro5
Unrestyirted fvnd&
Get)eral uTrdeswated
De518nated
R￿l￿atron reser*è
247.257
226.109
5.612
115.5301
93,552
I￿15,)6@
104.941
1,713,061
1516J74
104.9
709.150
247.257
231.721
10,B24
Restricted lunds..
Churth yard
Growin8 leader5
P•rfsh events
Speclal colle(tk•
Church repalrfund
Beverley Cheeseman worship fiThl
Archdeacon 5eThk
¢￿treaCh grani
Kltchen fund
216
736
2.925
73
SS3
2.744
2,871
473
215
165
2.871
2.307
21S
175
10.280
io
24
7.928
4.268
Endowm*)t
423
10.167
Totsllunth
1730h15 255.185
255.989
42Y
Z,749,387
10 Movement on Funds 2024 comparatfve
At31
2024
fjen¢ral und¢slan•ted
Desl8Thèted
Re¥*lu*tlofi rexef¥t
84.1
2,503.521
104.941
2.692 575
145.520
223.698
5,247
I￿,COJ)
87.935
2,S16,274
104,941
245 52
Restrlcted funds:
Church yard
Growlky leaders
rlsh events
Spe¢tsl ¢dle¢tions
Church repairlund
Beverfey Chee5eman worsh*fvnd
Phase$11 and111 t¢thnolw fvnd
Bell Tower Fund
D￿reaCh 8rant
Kftchen fund
499
1.075
3.261
59)
1.075
3.033
sg)
428
411
18>
1,371
1117
&260
259
3,129
15,171
617
6212
12.641
358
8,583
IOJ75
13,405
Endowment
10.3S3
237
iO.S90
244,116
237
2,730,615
20

Thorley Parothial Church Council
Annual Report and Accounts for the year ended
31st December 2025
General unrestrfrted lund- The general unrestrirted fund is used for PCC ordinary purposes.
Deslgnated fund - The designated fund5 comprise Freehold land and property. net of loans, the designated
property repair fund £25,(KKI12024.. £25.LKK)l. the St. 8arnabus Centre services upgrade fund £15,COJ12024'.
Nil), and an additional fund for fixed assets acquired usin8 restricted funds wlth a balance on the fund of
£3,59212024.. £5,247).
Rertrlrted funds- The restrlcted funds represent donatlons OT grants receNed for a specific object or invited
by the PCC for a specific object. The funds may only be expended on the specrfic object for which they were
given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that
fund.
Revaluatl¢)n reser¥e - The revaluatbon reser4e Is In relation to the property valuation undertaken on
tran51tion to FRSIO2.
Endowment fund-The endowment fund represents the Patten Bequest and provides an Income to be used
for the upkeep of the Church which is shown as restricted.
11 Analy51s of Net Assets by Fund
T¢t•l
2015
Funds
Flxed Assets
Investmenls
P4et Current A55ets
Low Temi Llablllues
Fund balance
2.473,118
I￿,941
2,S79,401
10.167
ISg,819
10,167
92.110
41250
25.359
XO,167
93
2,5ISa61
104,941
25351
2,749.387
11 Analysis of Net Assets by Fund 2024 comparative
Totil
2014
Fwds
FundA
Flxed Assets
Investments
Net Current *5sets
Low Tem Uibllldes
Fund balanc¢
5.597
1477.274
104,941
1587A12
lo￿￿)
13ZJI3
10.590
lQ,B75
iQ590
87J35
1516274
I￿941
iOJ75
Z.730,615
12 Independent Examlnatlon Fees
Accountancy expendlture Includes £2.646 fees pald to the Independent Examiners for carrying Out the
Independent Examination {2024 £2,568).
21

Thorley Parothial Church Council
Annual Report and Accounts for the year ended
31st December 2025
13 Trustees Remuneration and Expenses
The trustee5 neither received nor waived any remuneration or beneflts during the year12024 . £NIII.
Durin8 the year I trustee12024 - 2 trustees) had the following expenses paid for by the chartty..
Travel
Tnlnl
Intemrt ¢ommunl¢aiions
Other costs
2.551
2.736
918
597
1,048
14 Related Party Transartions
There were no related party transactbns In the year12024 .. NIII.
22

Thorley Parothial Church Council
Annual Report and Accounts for the year ended
31st December 2025
Independent Examlner's Report to the Trustees of The Parochial Church Council of
St. James The Great Thorley.
I report on the accounts of the charlty for the year ended 31 Decernber 2025 which are set OLrt on pages 10
to 22.
Res nslb1ll￿eS and basl of r
As the tharity's trustees you are responsible for the preparation of the accounts in accordance with the
requirements of the Charitles Act 2011 llhe ACVI.
I report In respect of my examlnatlon of the charitvs accounts carrled out under sertlon 145 of the Art and
In carryln8 Out my examlnation I have followed all the appllcable DITectlons glven by the Charlty
Commlsslon un(ler sectlon 1451511bl of the Act.
Inde
ndent examin
tement
Slnce the charivs gross Income exceeded £250.L￿ your examiner must be a member of a body listed in
section 145 of the Act. I confirm that l am qualified to undertake the examination because l am a member
of the Institute of Chartered Accountants in England & Wales which is one of the listed bodies.
I have completed my examination. I confirni that no material matters have come to my attentlon In
connection with the examination 8ivin8 me cause to believe that in any material respect..
l. accountlng records were not kept In respect of the chath as requlred by se¢tlon 130 of the Act; or
2. the accounts do not accord wlth those records.. or
3. the accounts do not comply with the applicable requirements concerning the form and content of
accounts sel out in the Charbtles (Accounts and Reports) Regulatlons 21J)8 other than any requlrement
that the accounts 8lve a'true and falr vlev/ whlch Is not a matter consldered as part of an Independent
examination.
I have no concerns and have come across no other matters in connection with the examinatlon to whlch
attention should be drawn In thls report In order to enable a proper understandln8 of the accounts to be
reached.
Suzanne Goldsmith FCA
PrSce Balley LLP
Causeway House
l Dane Street
Bishops Stortford
Hertfordshire
CM23 3BT
Date.. 8 May 2026
23