## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY, REDHILL** ## **Reports & Accounts** Financial Year Ending 31/12/2025 ## **Contents** |**Contents**|| |---|---| |Legal & Administrative Details|Page 1| |Trustees Report|Page 2| |Independent Examiners Report|Page 10| |Statement of Financial Activities|Page 11| |Statement of Financial Position|Page 12| |Statement of Cash Flows|Page 13| |Notes - Accounting Policies|Page 14| |Notes - Analysis of Income & Expenditure|Page 18| |Notes - Other|Page 19| **Legal & Administrative Details** Charity Name: THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY, REDHILL Charity Number: 1130733 Charity Address: Holy Trinity Church, Carlton Road, Redhill, RH1 2BX Trustees: Mick Hough (Incumbent & Chairman) Sarah Alexander (Associate Vicar) Sarah-Louise Schofield (Curate - Resigned as Trustee 18/09/2025) Mike Gordge (Churchwarden & Lay Chair) Ruth Inwood (Churchwarden) Jan Greaves (Reader) David Buchan (Deanery Synod) Roger Clegg (Deanery Synod) Mike Gordge (Deanery Synod) Ruth Inwood (Diocesan & Deanery Synod) David Durant (Deanery Synod) David Keiller (Deanery Synod) Peter Telford (Deanery Synod) Joe Carter Sarah Dyer Samuel Kanikella Howard Oldcorn Pete Schofield (Resigned 18/09/2025) Nic Wood David Field (Treasurer) Key Management Tim Menary (Operations Director) Personnel: PCC Churchwardens, Operations Director, David Buchan (from May Management 2025), Joe Carter (to May 2025), Sarah Dyer, David Keiller (to May Committee: 2025), Howard Oldcorn (from May 2025). Also the Vicar, ex officio. Name & Address National Westminster Bank plc, of Primary Station Road, Redhill, Surrey, RH1 1QN Banker: CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ Independent Examiner: Sarah Crispin ACA 1 ## **Trustees Report** The Holy Trinity, Redhill Parochial Church Council has pleasure in presenting its report and the financial statements for the church for the year ended 31 December 2025. The financial statements comply with the Church Accounting Regulations 2006, the Charities Act 2011, and Accounting and Reporting by Charities: Statement of Recommended Practice 2019 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 102 and FRS 102. ## **Objects of the charity** The primary object of the Parochial Church Council is ‘the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England.’ Our vision is to share this gospel with all those living in our parish, in Redhill, and beyond. ## **Summary of the charity's main activities and achievements** To further the above objects and vision, the charity’s main activities and achievements were as follows: ## **Chairman’s Report** _‘Be joyful in hope, patient in affliction, faithful in prayer’_ Romans 12:12 Holy Trinity Church has learned to apply the above text to our life together over the last 12 months, not least of all in relation to the period of waiting for, and working towards, a Faculty to demolish the church centre and to begin building a new Connected centre. The Lord has sustained us and provided for us, and work is now underway with the vision of premises that will enable future generations to gather together, to grow in the faith of Christ and to offer His welcome to our community. Thanks be to God! We are deeply grateful to St Bede’s school for the use of their premises on Sunday mornings over the past 12 months. It is our hope that this relationship with the school will deepen and bless the work of the kingdom of God in the ministry of both our communities. Worship in the church building has continued on Wednesdays and Sunday evenings, though with some changes: The midweek service was renamed ‘Worship on Wednesday’, and the Sunday evening service moved from its 7pm slot to 6pm in order to allow for Focus (our youth ministry) members to attend, to serve and to meet at 7.30pm. We have seen a steady number of new people join us on Sundays and midweek, as well as seeing some who have worshipped with us for many years move away. This year I enjoyed a 3-month sabbatical, taking time to visit family, to read and to rest! I am grateful to Sarah Alexander and to all who carried a heavier workload during my absence. There have been some changes to the staff team this year: Hannah Bacon, who had served as Parish Nurse for 9 years, felt it time to step down from her role; and our Curate, Sarah-Louise Schofield, moved on to a combined parish / hospital chaplaincy role after 3 years with us here. We’re grateful to God for both Hannah and Sarah-Louise’s ministry here. In the autumn of 2025 we appointed Michael Durant as Assistant Minister, on a permanent, part-time contract following the completion of his theological studies. Holy Trinity, like any church, relies heavily on God’s people using their God-given gifts and offering their resources freely and generously in the service of Christ. Some of those roles are more visible than others, so let me acknowledge the hard work that is done behind the scenes on a Sunday and midweek to facilitate the worship, mission and ministry of HT. You know who you are, and so does the Lord – thank you! _Mick Hough, Vicar & PCC Chair_ 2 ## **Future Plans** ## _Connected Building Project:_ As building works are underway, we will give thought to how we will use the new centre as a base for meeting as a church family, and to offer a welcome to the community. The PCC, Staff and Leadership teams have given thought to this already, and we look forward to using the opportunity that the opening of the centre will bring to invite neighbours and parishioners in to see the centre, to hear the story and to hear about the Lord Jesus and the life he alone can give. ## _Serving in Teams:_ One of the challenges we face is recruiting to teams across the various ministries of the church. We will need to address this in the coming year. ## _Churchwardens roles:_ Mike Gordge completes his six-year term as Churchwarden and will step down at the APCM. Thanks are due to Mike for his faithful, thoughtful and reliable service alongside Ruth Inwood in this role. In thinking about Mike’s successor we are considering what the role would look like if it were being carried out by someone in full-time employment; this is leading us to consider an Assistant Warden role, and how such a role could support the Churchwardens in the carrying out of their responsibilities. As we look to the coming year our prayer must be that the Lord will continue to sustain and provide for his work here, to grow us in depth and in number, and to keep us faithful to him in all things. _Mick Hough, Vicar & PCC Chair_ ## **Principal Risks and Uncertainties** The PCC has reviewed the major risks applicable to the Church and has put in place procedures to mitigate those risks. The PCC consider that the principal risks, and their plans and strategies for managing those risks, are: - Congregational numbers remain lower than pre-pandemic level. A mission action plan is in place, and various outreach activities and teaching courses have been conducted. There has been a slow but steady growth in numbers attending Holy Trinity, notably at our mid-week services. - There is financial pressure arising from cost inflation and the demands on congregational giving of the Connected building project. PMC and PCC regularly review management accounts including cost forecasts and have planned gift days and additional teaching to encourage sacrificial giving. - Clearance of the church centre in preparation for the Connected Building Project has reduced accommodation space for activities. Pews have temporarily been removed to provide a flexible space in church. Sunday morning services have been transferred to St Bede’s school in order to accommodate large numbers. - There is a large pressure of work on clergy and staff members. Regular team meetings and one-to-one supervision/mentoring are in place to minimise the additional burden. 3 ## **Structure, Governance and Management** PCC members are elected by the Annual Parochial Church Meeting each year as provided for in the Church Representation Rules. The PCC is a corporate body established by law. It operates under the Parochial Church Council Powers Measure, and it is registered as a charity with the Charity Commission. The appointment of PCC members is governed by the Church Representation Rules. New PCC members are provided with an induction pack and invited to a specific PCC meeting shortly after their election at the Annual Parochial Church Meeting, at which their responsibilities as trustees and PCC members are outlined. The PCC met 8 times in 2025 (including 2 prayer mornings). Its Standing Committee, the PCC Management Committee (PMC), met in months with no PCC meeting, to transact PCC business between meetings. Reports on both PCC and PMC business are provided below. When planning activities for the year, the incumbent and the PCC have considered the Charity Commission's guidance on public benefit. The investments held in the Endowment Fund are managed on a day-to-day basis by the Southwark Diocesan Board of Finance. ## **Report of the PCC Meetings** Parochial Church Councils were set up by Act of Parliament in 1919. The aim of the PCC as stated in the PCC (Powers) Measure 1958 is to ‘co-operate with the minister in promoting in the parish the whole mission of the church, pastoral, evangelistic, social and ecumenical.’ PCC members are trustees of the charity. The incumbent is the chairman ex officio, and there is a lay chair to share the leadership as necessary. A list of PCC members is shown on page 2 of this report. Holy Trinity PCC met on 8 occasions during 2025 – six meetings covering general business and two “PCC mornings” to discuss strategic themes. In addition, the PCC management committee met six times. The Connected building project remained an important focus for PCC during 2025 and was a fixed item on the agenda. A faculty from the Diocesan Advisory Committee was gained for the project, detailed construction plans were finalised and assessment of value for money was carried out by our quantity surveyor. Work continued to remove and store materials from the church centre and the church office was moved to temporary quarters in the vestry area of the church. Sunday morning services continued to be held St Bede’s school, and PCC discussed making a financial gift to the school in recognition of their generosity towards us. The future of our part ownership of the Curate’s house in Colman way was discussed by PCC during 2025 and a decision eventually made to invite the Diocese to buy out our share in the house. The PCC agreed to join with other local churches in a Charitable Incorporated Organisation (CIO) in partnership with the charity “Christians Against Poverty”, and to reallocate part of our annual mission giving to support this project. A refresh of our home groups ministry was monitored during the early part of 2025, and arrangements discussed for the church weekend away, held at Ashburnham in October. Developments within the Church of England were discussed, including issues surrounding the “Living in Love and Faith” project. In addition to these major items, the regular business of safeguarding, financial management, staff management and upkeep of premises continued throughout 2025, allowing the PCC to provide public benefit by overseeing pastoral care for parishioners, by provision of key ceremonies such as baptisms, weddings, and funerals, and by provision of meeting space for a variety of groups in the community. Thanks are due to Mark Inwood in his role as minutes secretary. _Mike Gordge, Lay Chair_ 4 ## **Report of the PCC Management Committee** The PCC Management Committee (PMC) is the standing committee of the PCC, meeting to deal with business in between PCC meetings. It comprises the Vicar, Churchwardens, Operations Director, and has space for three other elected members from PCC. In 2025 the PMC met on 6 occasions, dealing with matters of finance, fabric, staffing, and the Connected Building Project. Significant items during 2025 included the award of a faculty from the Diocesan Advisory Committee for the Connected building project, as well as issues surrounding compliance with biodiversity and net zero targets for the project. Staffing discussions included annual salary increases and recruitment of a new ministry associate. Finance discussions included preparations towards setting the 2026 budget and negotiations with the Diocese regarding a reduction of our forthcoming Parish Share payment. PMC contributes to the setting of agendas for PCC meetings, responds to financial requests from staff and various teams and has approved expenditure on projects throughout the year. Thanks are due to Mark Inwood in his role as minutes secretary. _Mike Gordge, Churchwarden_ ## **Report of the Fabric Team** The Fabric team, comprising the operations director and volunteer members of the church family with relevant professional expertise, supports the churchwardens in their responsibility for maintaining the church buildings and grounds. The Fabric Team met in person in March and November of 2025 to undertake physical inspection of maintenance issues. Further business was conducted by email throughout the year. Work continued to assess and deal with issues arising from the most recent Quinquennial report by our inspecting architect:• Quotations were obtained for replacement of the main entrance doors in the church foyer.• Investigation was undertaken to identify the source of water ingress causing damp mould in the vestry toilet, and roof seal was applied.• Quotations were obtained for repair of internal plaster damage to the South and East walls of the church. In addition to this, routine maintenance continued, including repair of the top bolt of the main entrance door, upkeep of felt roofing on the foyer and clearance of gutters. Some temporary alterations were made in the vestry areas of the church to accommodate transfer of the office during the forthcoming Connected building project. In view of the anticipated renewal of our church centre as part of the Connected building project, expenditure on the church centre was restricted to items essential for health and safety. Clearance of the church centre was undertaken during 2025 in anticipation of demolition in the new year. We would like to acknowledge the continuing excellent work of volunteers to maintain our grounds, including regular mowing to keep lawns in good order throughout the year - this is much appreciated. The last Quinquennial Inspection was held in 2024. There are no works outstanding requiring immediate completion. _Mike Gordge and Ruth Inwood, Churchwardens_ 5 ## **Report of the Safeguarding Team** With regard to the PCC's obligations to safeguard children and vulnerable adults, the members of the PCC confirm that they have complied with their duties under section 5 of the Safeguarding and Clergy Discipline Measure 2016. The year started with the completion of an Audit from the Diocesan Safeguarding Advisor by the Parish Safeguarding Officers, PSOs; it ended with a new Parish Safeguarding Dashboard, aimed at helping parishes to be compliant with all the safeguarding requirements. Completing the different levels on the dashboard will enable the PSOs and the PCC to act in accordance with all safeguarding obligations. It will thus be a useful tool for the work needed. The Team changed over the last year, with JS stepping down from her role, and Pat Taylor taking her place. The PSO roles are as follows: Anne Smith - DBS checks and Under 5s Ruth Inwood - Children and young people Pat Taylor - Vulnerable adults The PSO team can be contacted by email (safeguarding@htredhill.com) or by phone (07896 739 170). The Diocesan safeguarding team can be contacted on 0207 939 9441 (Mon to Fri 9am – 5pm). For emergencies, ring 999. In August we were informed of a serious data breach by the diocesan DBS provider. This resulted in DBS applications stopping for 5 months while a new provider was appointed for the diocese and in our case, some transferring problems occurring. These have now been rectified. The PSOs have worked with the PCC and the Leadership team to ensure HT remains a safe place for all. _Ruth Inwood, Churchwarden & PSO_ ## **Report of the Deanery Synod** The Reigate deanery is one of the largest in the Southwark Diocese. The deanery stretches from Horley in the south to Woodmansterne in the north. There are 22 parishes in the deanery. Deanery synod meetings occur three times a year, normally two in person at different churches in the deanery, and one winter meeting on Zoom. All clergy in the deanery are members of synod, along with lay representatives from each church dependent on the number of people on the Electoral Roll. The roll was revised last year. Holy Trinity has 6 representatives. Most synods have a focus, and last year in March we looked at children and youth work in our churches. Our focus in July was schools, and we welcomed three education practitioners who gave us a very informative evening. In October, we heard from the Horley Team Ministry about all they are doing in their three churches. ## _Ruth Inwood, Churchwarden_ 6 ## **Financial Review** I am thankful for all who have supported the ministry at Holy Trinity by giving directly to PCC general funds, and also to the Connected building project. The PCC set a deficit budget for 2025 of £26,724 for unrestricted funds, in cash terms. The accounts show an actual deficit of £12,615 on unrestricted funds (£16,544 after appropriate fund transfers to restricted funds). After removing depreciation (£18,921) there was a surplus of £6,306, compared with a deficit using the same approach of £65,902 in 2024. Explanations of the most significant variances against the budget and the previous year’s income and expenditure are given below. Setting aside the Connected Building project and other restricted funds, when compared to 2024 income increased by £44,501 to £463,391. Within this, donations increased by £41,578, some of which reflects an exercise to increase the Gift Aid recovery on donations resulting in back dated claims for up to 4 years and an increase in Gift Aid on claims made going forwards. This was offset by a reduction in lettings income from £14,795 to £3,620 as the church centre was closed to hirers with limited activities being transferred to the church instead. There were some other smaller changes to other income items, for instance increases in income from grants and events Again, setting aside restricted funds, compared with 2024 expenditure fell by £24,276 to £476,986. The main areas of expenditure (ignoring non-cash items such as depreciation and changes to liabilities) were as follows: - £180,492 on the Parish Support Fund paid to the Diocese (unchanged) - £37,422 on ministry costs, an increase of £7,375 - £54,771 on children, youth and outreach, a decrease of £2,158 - £31,370 on church running and maintenance costs, a decrease of £9,115 - £17,116 on church centre running costs, a decrease of £22,540, reflecting the closure of the centre. Despite this, some expenditure was necessary on utilities, insurance and caretaking. - £34,883 on grants to mission partners and other organisations, an increase of £1,881 - £101,007 on administration, office expenses and governance, a decrease of £724 Comparing unrestricted funds with the budget for 2025: - Donations were £40,000 higher, of which £5,000 was due to increased general donations, £10,000 to higher Gift Aid recoveries (note that this figure includes an increase due to more accurate accounting of Gift Aid received through third party payment processors, which has an equal decrease in the general giving figure), and £25,000 to one-off giving (largely in response to Gift Day). - Other income was £7,000 above budget. - Expenditure on Ministry, Youth & Outreach was £11,000 more than budgeted (largely due to staffing changes). - Expenditure on the church centre was £4,000 more than budget (due to higher utility and insurance costs than anticipated whilst the church centre was in the process of being closed), whilst expenditure on the Church was as budgeted. - Expenditure on Administration were £4,000 under budget. - Excluding non-cash items, income was £47,000 above what was budgeted, whilst expenditure was £11,000 over budget. Donations (including Gift Aid) to the Connected Building project fell from £373,163 in 2024, to £80,332, with a further £61,685 (2024: £50,276) in bank interest attributable to the building fund. Now that it is considered probable that the church centre building project will proceed to completion, the cost of development and construction is treated as an addition to assets under construction rather than expenditure. Directly attributable professional costs amounted to £102,930. This included work undertaken by our contractors in preparing detailed plans and 7 other documentation to meet the requirements of the Diocesan Approvals Committee. Other expenditure was £918 (2024: £34,978). The net surplus from all activities, including unrestricted and restricted, was £130,104 and net assets increased by this amount to £2,902,643. Net assets comprised fixed assets of £391,511, assets under construction of £102,930, investments of £49,958, cash and current asset investments of £2,428,461 (most of which was held by the building fund), other current assets of £25,107, less current liabilities of £95,324. This mostly comprises a loan liability of £76,350. The PCC expects that this loan will be repaid following completion of the sale of the related property by the Diocese. The PCC aims to always hold cash of no less than £80,000 in unrestricted funds (including the value of the endowment fund) to help ensure that it continues to operate smoothly should income and / or expenditure vary unexpectedly. At the year end the charity held cash of £75,421 (2024: £32,823) in unrestricted funds, plus the £49,958 valuation of the endowment fund. The PCC will review the appropriateness of its reserves policy in the coming year. The PCC has planned for a small cash surplus in 2026, of £1,862. This is after agreeing with the Diocese a reduction in our payments to the Parish Support Fund, in recognition of the impact the building project is having on rental income and general fund donations. The budget assumes limited expenditure on church maintenance. Such a surplus in 2026 would maintain the cash position above the level required by the current reserves policy at the end of 2026. For 2027 and beyond, the PCC will need to generate income from the new church centre and receive increased donations to balance our budget without a reduction in our Parish Support Fund payments, as well as allowing for expenditure on church maintenance. Managing the PCC finances is a team effort. Day-to-day financial management, including the preparation of management accounts for the PCC, has been overseen by the Operations Director, Tim Menary, and the Finance Officer, Mark Froy-Smith. I am very grateful to Tim and Mark, as well as to Keith Palmer as assistant treasurer, Dayo Ajayi as Gift Aid secretary, the banking team, and for the support offered by David Buchan. _David Field, Treasurer_ ## **Funds in Deficit** The Timperley Gardens Youth Cookery Club restricted fund is in deficit at year end by £148. This is due to a grant of £500 towards this project remaining outstanding at year end. The deficit is currently being covered from general funds. ## **Investments Policy** Investments are valued at fair value at 31st December, being the quoted market price. Any revaluation necessary is recognised as gains or losses on investments. ## **Reserves Policy** The charity aims to hold a minimum of £80k in unrestricted cash and an endowment fund, so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £75,421, and the endowment fund was valued at £49,958. The reserves policy was reviewed in January 2026, and work is ongoing to update this policy. 8 ## **Responsibilities of Trustees under charity law** The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to: 1. select suitable accounting policies and apply them consistently. 2. observe the methods and principles in the Charities SORP. 3. make judgements and estimates that are reasonable and prudent. 4. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and 5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Signature** This report was approved by the trustees, and is signed on their behalf by: 9 ## **Independent Examiners Report** ## **TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY, REDHILL (‘the Charity)** I report to the members of the PCC (who are also the charity's trustees) on my examination of the accounts of the Charity for the year ended 31 December 2025 on pages 12 to 27 following, which have been prepared on the basis of the accounting policies set out on pages 15 and 18. ## **Responsibilities and Basis of Report** As members of the PCC you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent Examiners Qualification** Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales which is one of the listed bodies. ## **Independent Examiner’s Statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in accordance with section 130 of the 2011 Act; or 2. the accounts do not accord with the accounting records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Sarah Crispin ACA Institute of Chartered Accountants in England and Wales Stewardship 1 Lamb’s Passage London EC1Y 8AB Date: May 6[th] , 2026 10 ## **Statement of Financial Activities** ||_details_|||||**Prior Year**| |---|---|---|---|---|---|---| |||**Unrestricted**|**Restricted**|**Endowment**|**Total**|| ||_in note:_|||||**(Note 17)**| |||||||| ||**Incoming Resources**|||||| |Donations & Legacies|_2a_|442,065|84,869|0|526,934|779,090| |Charitable Activities|_2b_|7,764|14,046|0|21,810|4,516| |Investments|_2c_|5,196|61,684|0|66,880|54,627| |Trading Activities|_2d_|8,366|0|0|8,366|16,125| |Total incoming resources||**463,391**|**160,599**|**0**|**623,990**|**854,358**| ||**Resources Used**|||||| |Charitable Activities|_3_|472,666|22,813|0|495,479|548,888| |Governance Costs||4,320|0|0|4,320|3,240| |Total resources used||**476,986**|**22,813**|**0**|**499,799**|**552,128**| |||||||| |Net Incoming / Outgoing Resources
(before investment and other gains)||**-13,595**|**137,786**||**124,191**|**302,230**| |||||||| |Investment Gains (or Losses)||||4,933|4,933|1,103| |Other Gains (or Losses)||980|||980|-2,450| |Net Incoming / Outgoing Resources
(before transfers)||-12,615|137,786|4,933|130,104|300,883| |||||||| |Fund Transfers||-3,929|3,929|0|0|0| |Net Movement of Funds||-16,544|141,715|4,933|130,104|300,883| |Total Funds Brought Forward||405,522|2,321,992|45,025|2,772,539|2,471,656| |**Total Funds Carried Forward**||**388,978**|**2,463,707**|**49,958**|**2,902,643**|**2,772,539**| The notes on pages 14 to 26 form part of these accounts. 11 ## **Statement of Financial Position** ||_details in note:_|**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Prior Year**| |---|---|---|---|---|---|---| |||Non-Current Assets||||| |Fixed Assets|_8_|391,511|102,930|0|494,441|410,432| |Investments|_9_|0|0|49,958|49,958|45,025| |**Total**||**391,511**|**102,930**|**49,958**|**544,399**|**455,457**| |||Current Assets||||| |Stock|_10_|177|0|0|177|313| |Debtors|_11_|9,114|15,816|0|24,930|130,303| |Current asset
investments||0|1,113,562|0|1,113,562|1,067,926| |Cash||75,421|1,239,478|0|1,314,899|1,241,607| |**Total**||**84,712**|**2,368,856**|**0**|**2,453,568**|**2,440,149**| |||Current Liabilities||||| |Creditors|_12_|87,245|8,079|0|95,324|123,067| |**Total**||**87,245**|**8,079**|**0**|**95,324**|**123,067**| |Net Current
Assets/(Liabilities)||-2,533|2,360,777|0|2,358,244|2,317,082| |||||||| |||||||| |||||||| |Total Net Assets (Assets
Minus Liabilities)||||||**2,772,539**| ||_13_|**388,978**|**2,463,707**|**49,958**|**2,902,643**|| |||||||| |**Funds (note 13)**||| |---|---|---| ||**2025**|**2024**| |**Unrestricted Funds**|**388,978**|**405,522**| |_Designated_|_0_|_33,764_| |_General Fund_|_388.978_|_371,758_| |**Endowment Funds**|**49,958**|**45,025**| |**Restricted Funds**|**2,463,707**|**2,321,992**| |**TOTAL**|**2,902,643**|**2,772,539**| The notes on pages 15 to 26 form part of these accounts. ## **Signature** These accounts have been approved by the trustees, and are signed on their behalf by: 12 ## **Statement of Cash Flows** ||**Total**|**Prior Year**| |---|---|---| |**Cash Flow from Operating Activities**||| |Net Surplus (deficit)|130,104|300,883| |**_Adjustments For:_**||| |Fixed Asset Depreciation|18,921|18,921| |Less Investment Gains|-4,933|-1,103| |Debtors Decrease / (increase)|105,373|-30,664| |Stock Decrease|136|6| |Creditors Increase / (decrease)|-27,743|-2,470| |Less Interest Received|-66,880|-54,627| |NET Cash Flow from Operating Activities|154,978|230,946| |**Cash Flow from Investing Activities**||| |Interest Received|66,880|54,627| |Payments for assets under construction|-102,930|-| |NET Cash Flow from Investing Activities|-36,050|54,627| |Increase (decrease) in Cash and cash equivalents|118,928|285,573| |Cash and cash equivalents at start of period|2,309,533|2,023,960| |Cash and cash equivalents at end of period|2,428,461|2,309,533| ## **Analysis of changes in net debt** ||At start of year|Non-cash movements|Cash flows|At end of year| |---|---|---|---|---| |Current asset
investments|1,067,926|-|45,636|1,113,562| |Cash|1,241,607|-|73,292|1,314,899| |Loans falling due within
one year|-77,330|980|-|-76,350| |**Total net funds**|**2,232,203**|**980**|**118,928**|**2,352,111**| ## **Analysis of cash and cash equivalents** ||2025|2024| |---|---|---| |Current asset investments|1,113,562|1,067,926| |Cash at bank with immediate access|1,314,899|1,241,607| |Total cash and cash equivalents|**2,428,461**|**2,309,533**| 13 ## **Notes to the Accounts** ## **1) Accounting Policies** The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: ## **Basis of preparation:** The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice 2019 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 102, FRS102 and the Charities Act 2011.The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view. The PCC has prepared detailed forecasts and cash flow projections which it believes are based on reasonable assumptions. The forecasts show that the charity should be able to operate for the foreseeable future, and that there are no material uncertainties about its ability to continue, and so the PCC considers it appropriate to prepare the financial statements on the going concern basis. The financial statements have been prepared under the historical cost convention except for the valuation of fixed asset investments and a value linked loan, which are measured at fair value. They are presented in pounds sterling, rounded to the nearest £1. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. The PCC of Holy Trinity Redhill is a corporate body and a charity registered in England and Wales (charity no. 1130733). Its registered place of operations is Holy Trinity Church Centre, Carlton Road, Redhill, Surrey, RH1 2BX. The Church meets the definition of a public benefit entity under FRS102.The financial statements include all activities for which the PCC is legally responsible; the activities of informal gatherings of church members and groups that owe their main affiliation to another body and are excluded. In the past year Holy Trinity Redhill have changed accounting systems from Sage to Expense Plus. This has resulted in several differences in the classification of figures between 2024 and 2025. ## **Investments** Investments are valued at fair value at 31st December, being the quoted market price. Any revaluation necessary is recognised as gains or losses on investments. ## **Debtors** Amounts owed to the church for goods and services, and other debtors are included at the settlement amount due. Prepayments are valued at the amount prepaid. ## **Cash at bank and in hand** Cash at bank and in hand includes cash deposits and investments that can be readily accessed. ## **Current asset investments** Current asset investments include cash equivalents on deposit which have an original maturity date greater than three months. These are considered basic financial instruments and are measured at cost less impairment. 14 ## **Financial instruments** Most of the PCC’s financial assets and liabilities are of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. The long-term value-linked loan is a non-basic financial instrument and is recognised at fair value. ## **Going Concern** The Trustees consider that Holy Trinity Redhill a going concern at the date for approving the accounts. There are no material uncertainties that the charity can continue as a going concern for the next year. ## **Key Risks & Uncertainties** The charity is exposed to various risks, including operational, financial and reputational risks. The trustees review the charity's activities and finances regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks. ## **Fund Accounting** General funds are unrestricted funds which are available for use at the discretion of the PCC in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the PCC for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. Endowment funds are donations that are retained as capital in accordance with the donor's wishes. The nature of the restriction determines whether the endowments represent permanent endowments or expendable endowments. Restricted funds received for the development of the church centre are applied in accordance with the purposes specified by donors. Where expenditure is capitalised as part of a tangible fixed asset, the restricted fund is not reduced by that expenditure but is instead represented by the carrying value of the asset. Where the conditions attached to the restricted funding have been satisfied, any remaining balance is transferred to unrestricted funds. ## **Incoming Resources** Income is recognised in the period in which the PCC becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part income is generally recognised when it is received by, or on behalf of, the PCC. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period. Income from donations and legacies includes planned giving, collections, legacies and other donations. Gift Aid is recognised when the related donation is received and Gift Aid that has not been recovered by the balance sheet date is included as a debtor. Income from charitable activities comprises income receivable from goods, services and facilities supplied in furtherance of the PCC’s charitable objects. It includes income from church events and activities, from letting church premises for community benefit, from weddings and funerals and from a bookstall. Income from other trading activities comprises income receivable from activities undertaken to generate funds for the charity. Investment income comprises dividends and interest receivable from investments and cash deposits. Interest that has been earned but not received by the balance sheet date is included as a debtor. The time donated by volunteers is not recognised in the financial statements because its value cannot be reliably measured, but their important and significant contributions are discussed in the trustees’ report. The PCC has taken the view that it has only one charitable activity, namely the advancement of the Christian faith, and all income is in respect of this one activity. 15 ## **Resources Expended** Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably. Where the effect of discounting is material, longer term liabilities are discounted to present value. Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. Contributions in respect of the diocesan Parish Support Fund are included in the Statement of Financial Activities for all amounts agreed to being payable for the financial year. Any contributions that have not been paid over by the year end are included as a creditor. The Charities SORP requires charities with income over £500,000 to allocate costs to the various activities undertaken by the charity. The nature of the work of the church is considered to be so integrated that the core charitable activity costs are considered to be for the one activity. ## **Governance Costs** Governance costs include costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity. Governance costs are shown within ‘Analysis of Expenditure’ note. ## **Liability Recognition** Creditors and provisions are recognised where the charity has a present obligation arising from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at their settlement amount. ## **Tangible Fixed Assets** Consecrated and beneficed property of any kind is excluded from the accounts by s.10 (2)(a) of the Charities Act 2011. Properties are valued at historic cost. Other fixed assets with a purchase price of over £2,000 are capitalised and depreciated as follows: |Church Centre building|2% on cost| |---|---| |Furnishings|10% on cost| |Kitchen Equipment|10% on cost| |Equipment|25% on cost| Freehold land is not depreciated. Depreciation is not provided on freehold residential buildings where the estimated residual value is considered to be the same or higher than the carrying value of the building in the accounts. Fully depreciated assets have been removed from both cost and accumulated depreciation. ## **Tangible Fixed Assets – church centre under construction** Expenditure on the development and construction of the church centre is capitalised as a tangible fixed asset when it is probable that the project will proceed to completion and the costs can be measured reliably. The cost of the asset includes all expenditure that is directly attributable to bringing the asset into its intended use. This includes construction costs, professional fees, and other directly attributable costs. Costs relating to preliminary investigations and feasibility studies are recognised as expenditure in the period in which they are incurred. Assets under construction are not depreciated. Depreciation commences when the asset is complete and available for use and is charged so as to write off the cost of the asset over its estimated useful life on a straight-line basis. 16 ## **Pensions** The charity operates a defined contribution pension scheme. Contributions are charged to the statement of Financial Activities as they become payable in accordance with the rules of the scheme. ## **Judgements and Key Sources of Estimation** The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period. In preparing financial statements certain judgements, estimates and assumptions have to be made that affect the amounts recognised in the financial statements. The trustees consider the following to be significant: - The annual depreciation charge for property, plant and equipment is sensitive to changes in the estimates for useful economic life and residual value. These estimates are reassessed annually and, when necessary, adjusted to reflect current circumstances. - The constructive obligation for grants payable is based on an assessment of the likely duration of the supported activity. This estimate is re-assessed annually and the obligation is adjusted to reflect current expectations. 17 ## **2) Analysis of Income** |**Unrestricted**
**Incoming Resources**
**a) Donations & Legacies**
Donations
340,466
Gift Aid
93,492
Grants
8,107
**b) Charitable Activities**
Event Income
7,764
**c) Investments**
Bank Interest
5,196
**d) Trading Activities**
Rental Income
7,259
Sales
1,107
**Total incoming**
**resources**
**463,391**||**2025**|||**2024**|| |---|---|---|---|---|---|---| ||**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**| |||||||| |||||||| ||340,466|69,130|409,596|331,107|305,677|636,784| ||93,492|13,596|107,088|61,271|69,515|130,786| ||8,107|2,143|10,250|1,520|10,000|11,520| |||||||| ||7,764|14,046|21,810|4,516|0|4,516| |||||||| ||5,196|61,684|66,880|4,351|50,276|54,627| |||||||| ||7,259|0|7,259|14,805|0|14,805| ||1,107|0|1,107|1,320|0|1,320| ||**463,391**|**160,599**|**623,990**|**418,890**|**435,468**|**854,358**| |||||||| ## **3) Analysis of Expenditure** |||**2025**|||**2024**|| |---|---|---|---|---|---|---| ||**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**| |**Resources Used**||||||| |**Charitable Activities**||||||| |Activities|19,798|4,005|
23,803|
11,921|13,807|
25,728| |Advertising|831|0|
831|
1,000|0|
1,000| |Bank & Payroll Charges|1,601|60|
1,661|
1,500|60|
1,560| |Event Costs|8,801|16,279|
25,080|
5,000|0|
5,000| |Grants Payable(note 4)|34,883|879|
35,762|
33,002|2,021|
35,023| |Leaving Gifts|0|1,284|
1,284|
0|0|
0| |Other Expenditure|488|0|
488|
0|0|
0| |Parish Support Fund|180,492|0|
180,492|
180,492|0|
180,492| |Premises|24,009|306|
24,315|
61,808|34,978|
96,786| |Staff Costs|168,849|0|
168,849|
166,923|0|
166,923| |**Support & Administration**||||||| |Governance Costs|4,320|0|
4,320|
3,240|0|
3,240| |Administration|13,993|0|
13,993|
17,455|0|
17,455| |Depreciation|18,921|0|
18,921|
18,921|0|
18,921| |**Total resources used**|**476,986**|
**22,813**|
**499,799**|**501,262**|
**50,866**|
**552,128**| . 18 ## **4) Grants Payable** Included within payments to other voluntary organisations are the following grants made by the PCC. ||**Total**|**Prior Year**| |---|---|---| |**Overseas Mission Partners**||| |Crosslinks|3,475|3,931| |A Rocha Kenya|3,475|4,732| |Navigators|3,475|3,944| |Church Mission Society|3,475|3,944| |Wycliffe Bible Translators|3,475|3,944| |An Individual for an overseas mission trip|0|300| |Total Overseas Mission|17,375|20,795| |**Home Mission Partners**||| |Christians Against Poverty (via Reigate Baptist Church)|1,088|0| |Church Pastoral Aid Society|3,475|3,931| |SparkFish|3,475|3,931| |An Individual serving with UCCF|2,045|3,944| |Gift to St George’s Church Morden|4,927|0| |Small grants to other charities|494|400| |St Bedes School (donation in lieu of rent)|2,500|0| |Total Home Mission Partners|18,004|12,206| |**Relief & Development**||| |Grants to charities from special collections|383|2,021| |Total Relief & Development|383|2,021| |**Total Grants**||| ||**35,762**|**35,023**| |||| ## **5) Volunteers** The charity benefits greatly from the voluntary contributions of time and money. Please refer to the trustees' report for further detail about volunteer contributions in the organisation. ## **6) Independent Examination Fees** Fees payable to the independent examiner for independent examination were: £3,720 (2024: £3600). 19 ## **7) Staff Costs** The total staff costs and employee benefits for the reporting period are analysed as follows: ||**Total**|**Prior Year**| |---|---|---| |Gross wages and salaries|157,899|156,277| |Employers NI costs|3,593|3,717| |Employers Pension costs|7,357|6,929| |**Total Staff Costs**|**168,849**|**166,923**| The average number of employees during the year was 11 (2024: 12). The average number of staff equivalent to full time employees was 5 (2024: 5). No employees received salaries at a rate of more than £60,000 per annum. No redundancy payments were made (2024: none). ## **Key Management Personnel** The charity considers its key management personnel to be Tim Menary, the Operations Director. The total employee benefits received by the key management personnel (including pension contributions) was £38,962 (2024: £37,503). The Families, Youth and Children’s Minister, appointed in April 2023, is married to the Operations Director and is therefore considered to be a related party. Her employment benefits amounted to £35,959 (2024: £34,608). ## **Trustee Remuneration** No member of the PCC received any remuneration, nor any payment of expenses, in respect of their work as a trustee. During the year, IT support services were purchased from a company owned by a PCC member, David Durant, who also received remuneration in his role as organist. The total amount paid during the year is as follows: Salary: £6,045 (2024: £5,622) Pension Contributions: £0 (2024: £0) Other Benefits (IT Support): £780 (2024: £910) ## **Total: £6,825 (2024: £6,532)** Aggregate remuneration paid to individuals who were also serving members of the PCC, and persons closely connected to them (and persons closely connected to key management personnel), was £87,253 (2024: £81,466). All such employment benefits are permitted by the PCC's governing document. These benefits include gross salary and the employer’s contribution to the pension scheme: ||**Total**|**Prior Year**| |---|---|---| |David Durant (Organist)|6,825|6,532| |Nicci Durant (Church Administrator)|17,494|16,276| |Michael Durant (Ministry Associate/ Assistant Minister)|13,692|11,550| |Esther Menary (Families, Youth & Children’s Minister)|35,959|34,608| |Lesley-Anne Clegg (Church Administrator)|13,133|12,500| |Matthew Clegg (Office Assistant)|150|0| |**Total remuneration paid:**|**87,253**|**81,466**| ## **Trustee Expenses** The clergy, who are ex-officio PCC members, receive a stipend but this is met under Church of England arrangements, and they are not remunerated by the PCC. Three clergy claimed £3,566 in expenses as part of their ministry work (2024: £3,311). Relevant expenses include mileage costs to pastoral visits and funerals; mobile phone costs; and books and commentaries purchased for sermon and study preparation. 20 ## **8) Tangible Fixed Assets** |||**Church Centre**|**Church Centre &**||**Assets Under**|| |---|---|---|---|---|---|---| |||||**PCC Equipment**||**Total**| |||**Contents**|**Curate’s House**||**Construction**|| |||||||| ||||**Cost**|||| |As at 1st January
2025||10,206|727,158|18,509|0|755,873| |Additions in
financial year||0|0|0|102,930|102,930| |**Total as at 31st**
**December 2025**||**10,206**|**727,158**|**18,509**|**102,930**|**858,803**| |||||||| ||||**Depreciation**|||| |As at 1st January
2025||3,581|332,606|9,254|0|345,441| |Charge for the
year||1,410|12,884|4,627|0|18,921| |**Total as at 31st**
**December 2025**||**4,991**|**345,490**|**13,881**|**0**|**364,362**| |||||||| ||||**Net Book**|**Value**||| |As at 31st
December 2025||5,215|381,668|4,628|102,930|494,441| |||||||| |As at 31st
December 2024||6,625|394,552|9,255|0|410,432| ## **9) Investments** ||**2025**|**2024**| |---|---|---| |CBF Investment Fund: 582 Shares|12,919|
13,457| |M&G Charifund: 2,144 Units|**37,039**|
31,568| |**Market Value at Year end**|**49,958**|
**45,025**| |||| |Value at 1 January|45,025|
43,922| |Investment gains/losses|4,933|
1,103| |**Value at 31 December**|**49,958**|
**45,025**| ## **10) Stock** |**Description**|**Amount**|**Prior Year**| |---|---|---| |Stock|177|313| |Total|**177**|**313**| 21 ## **11) Debtors** |**Description**|**Amount**|**Prior Year**| |---|---|---| |Accrued Income|17,038|10,057| |Gift Aid|7,167|116,796| |Grants Receivable|500|0| |Trading Activities Receivable|225|0| |Prepayments|0|3,450| |Total|**24,930**|**130,303**| ## **12) Creditors** |**Description**|**Amount**|**Prior Year**| |---|---|---| |Accruals|15,892|43,455| |Loan Liability Due Within One Year
_(see below)_|76,350|77,330| |Tax and social security|3,082|2,282| |**Total**|**95,324**|**123,067**| The PCC has a non-interest bearing loan repayable on disposal of the property in Colman Way (Curate’s House). The property was purchased for £322,000 which was partly funded by a loan of £60,000 and the liability varies in line with the likely disposal proceeds of the property. This is estimated at each year end by the PCC using market information (£439,000 at 31 December 2025, £446,000 at 31 December 2024). The original lenders have requested that the loan be repaid so it is now included in liabilities falling due within one year. The PCC is pursuing alternative arrangements in respect of the property. 22 ## **13) Analysis of Charitable Funds** Current Year |**Fund Name**|**Opening**|||**Fund**||**Closing**| |---|---|---|---|---|---|---| |||**Income**|**Expenditure**||**Gains/ (Losses)**|| ||**Balance**|||**Transfers**||**Balance**| |||||||| |**Unrestricted**||||||| |General Fund|371,758|463,391|-476,986|29,835|980|388,978| |Total|371,758|463,391|-476,986|29,835|980|388,978| |**Designated**||||||| |Catering Fund|33,764|0|0|-33,764|0|0| |Total|33,764|0|0|-33,764|0|0| |**Unrestricted Total**|**405,522**|**463,391**|**-476,986**|**-3,929**|**980**|**388,978**| |**Restricted**||||||| |Building Fund|2,320,532|142,017|-918|0|0|2,461,631| |Timperley Gardens General Usage|0|0|-847|965|0|118| |Timperley Gardens Cookery Club|0|1,000|-1,574|1,283|0|709| |Timperley Gardens Youth Cookery Club|0|0|-879|657|0|-222| |Timperley Gardens Bike Project|0|0|-153|435|0|282| |AllSorts|1,460|0|-271|0|0|1,189| |Projects, Events & Collections|0|17,582|-18,171|589|0|0| |Total|**2,321,992**|**160,599**|**-22,813**|**3,929**|**0**|**2,463,707**| |**Endowment**||||||| |Endowment Fund|45,025|0|0|0|4,933|49,958| |Total|45,025|0|0|0|4,933|49,958| |**Restricted Total**|**2,367,017**|**160,599**|**-22,813**|**3,929**|**4,933**|**2,513,665**| |**TOTAL**|**2,772,539**|**623,990**|**-499,799**|**0**|**5,913**|**2,902,643**| |Prior Year||||||| |**Fund Name**|**Opening**|||**Fund**||**Closing**| |||**Income**|**Expenditure**||**Gains/ (Losses)**|| ||**Balance**|||**Transfers**||**Balance**| |||||||| |**Unrestricted**||||||| |General Fund|456,581|418,889|-501,262|0|-2,450|371,758| |Total|456,581|418,889|-501,262|0|-2,450|371,758| |**Designated**||||||| |Catering Fund|33,764|0|0|0|0|33,764| |Total|33,764|0|0|0|0|33,764| |Unrestricted Total|490,345|418,889|-501,262|0|-2,450|405,522| |**Restricted**||||||| |Building Fund|1,932,071|423,439|-34,978|0|0|2,320,532| |Timperley Gardens General Usage|0|10,000|-10,000|0|0|0| |Timperley Gardens Cookery Club|3,423|0|-3,423|0|0|0| |Timperley Gardens Youth Cookery Club|0|0|0|0|0|0| |Timperley Gardens Bike Project|0|0|0|0|0|0| |AllSorts|1,895|9|-444|0|0|1,460| |Projects, Events & Collections|0|2,021|-2,021|0|0|0| |Total|1,937,389|435,469|-50,866|0|0|2,321,992| |**Endowment**||||||| |Endowment Fund|43,922|0|0|0|1,103|45,025| |Total|43,922|0|0|0|1,103|45,025| |Restricted Total|1,981,311|435,469|-50,866|0|1,103|2,367,017| |TOTAL|2,471,656|854,358|-552,128|0|-1,347|2,772,539| |||||||| Prior Year 23 ## **Fund Transfers** |**Description**|**From**|**To**|**Amount**| |---|---|---|---| |Correction to Bike Project Balance at start of year|General Fund|Timperley Gardens Bike Project|**435**| |Correction to Youth Cookery Club balance at start of year|General Fund|Timperley Gardens Youth Cookery Club|**657**| |Correction to Cookery Club Balance|General Fund|Timperley Gardens Cookery Club|**1,283**| |Correction to Timperley General Usage Balance|General Fund|Timperley Gardens General Usage|**965**| |Transfer of designated fund to general funds. Decision
made at PCC meeting on 18th September 2025|Catering Fund|General Fund|**33,764**| |Top up for leaving gifts payout|General Fund|Projects, Events & Collections|**49**| |Focus Weekend Deficit|General Fund|Projects, Events & Collections|**540**| ## Fund Descriptions |**Name**|**Description**| |---|---| |General Fund|General PCC Funds| |Building Fund|The Building Fund represents funds for the church centre
Connected building project. Expenditure on the project is
charged to this restricted fund.| |Timperley Gardens General Usage|Funds restricted to general Timperley Gardens use,
received from grants.| |Timperley Gardens Cookery Club|Funds restricted to use for the Mum's Cookery Club at
Timperley Gardens, received from grants.| |Timperley Gardens Youth Cookery Club|Funds restricted to use for the Youth Cookery Club at
Timperley Gardens, received from grants.| |Timperley Gardens Bike Project|Funds restricted to use for the Bike Project at Timperley
Gardens, received from a restricted donation.| |Endowment Fund|The Endowment Fund is a bequest, income from which is
for the general expenses of the PCC. The Custodian
Trustee is Southwark Diocesan Board of Finance.| |Catering Fund|The legacy from the estate of Evelyn Curtis (EC), which
was included as income in 2020, and received in 2021, was
not restricted. Her will indicated that this was “to help with
the Church and Senior Citizens’ lunches if necessary” and
the PCC had accordingly designated this to be used for
catering| |AllSorts|The AllSorts fund was created by income received for the
AllSorts “Holiday at Home” for over 50s.| |Projects, Events & Collections|Self-Funding Projects, Events & Collections| 24 ## **Analysis of Net Assets Between Funds** ## Current Year ||**Unrestricted**|**Restricted**|**Endowment**|**Total**| |---|---|---|---|---| |Current Assets|84,712|2,368,856|0|2,453,568| |Non-Current Assets|391,511|102,930|49,958|544,399| |Current Liabilities|-87,245|-8,079|0|-95,324| |**Total Net Assets (Assets**
**Minus Liabilities)**|**388,978**|**2,463,707**|**49,958**|**2,902,643**| |||||| Prior Year ||**Unrestricted**|**Restricted**|**Endowment**|**Total**| |---|---|---|---|---| |Current Assets|86,446|2,353,703|0|2,440,149| |Non-Current Assets|410,432|0|45,025|455,457| |Current Liabilities|-91,356|-31,711|0|-123,067| |**Total Net Assets (Assets**
**Minus Liabilities)**|**405,522**|**2,321,992**|**45,025**|**2,772,539**| |||||| 25 ## **14) Transactions with Related Parties** During the year the charity received: - a) donations totalling £108,616 (2024: £270,230) from related parties (which includes members of the PCC, any other members of key management, and anyone closely connected to them). Of this, £98,806 (2024: £95,200) was for general funds and £9,810 (2024: £175,010) for restricted funds (building fund). - b) grants totalling £5,450 (2024: £1,519) were receivable for the year from the Friends of Holy Trinity, of which £1,100 (2024: £0) was owed at the year end. The Vicar, Churchwardens, and RC are trustees of this charity as well as being members of the PCC. ## **15) Pensions** The PCC operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the PCC in an independently administered fund. The pension cost charge represents the employer’s contributions payable to the Fund and amounted to £6,802 (2024: £6,929). ## **16) Post Balance Sheet Events: Connected Building Project:** The PCC signed a contract for the construction of a new church centre in February 2026, and work commenced on the demolition of the old church centre shortly afterwards. The carrying value of the old church centre will be impaired to zero from the date of signing contracts. ## **17) Prior Year Statement of Financial Activities** ||||||| |---|---|---|---|---|---| ||_details_|**Unrestricted**|**Restricted**|**Endowment**|**Total**| ||_in note:_||||| ||||||| |Donations & Legacies|_2a_|393,897|385,193|0|779,090| |Charitable Activities|_2b_|4,516|0|0|4,516| |Investments|_2c_|4,351|50,276|0|54,627| |Trading Activities|_2d_|16,125|0|0|16,125| |Total incoming resources||**418,889**|**435,469**|**0**|**854,358**| |Charitable Activities|_3_|498,022|50,866|0|548,888| |Governance Costs||3,240|0|0|3,240| |Total resources used||**501,262**|**50,866**|**0**|**552,128**| ||||||| |Net Incoming / Outgoing Resources
(before investment and other gains)||**-82,373**|**384,603**||**302,230**| ||||||| |Investment Gains (or Losses)||0|0|1,103|1,103| |Other Gains (or Losses)||-2,450|0|0|-2,450| |Net Incoming / Outgoing Resources||-84,823|384,603|1,103|300,883| |Total Funds Brought Forward||490,345|1,937,389|43,922|2,471,656| |**Total Funds Carried Forward**||**405,522**|**2,321,992**|**45,025**|**2,772,539**| 26