Registered Charity IY•mber: 1130775 ort of the Trust¢e5 and Frnancial Staternents for the Year Ende 31 December 2025 for The Parothral Cknurch Council of Hol T ' k¢5b Tewkes ontents of the FiTh&ncial Statements Year Ended 31 D￿eMber 2025 Page Report of the Tnjstees tndependethi Exgmiller's Roort Stalen￿t of Financial Activitics Balance Sheet Notes to the Financial Statemtnts ort of tbe Trustee5 Year Ended 31 De¢ember 2025 The tNstees ptesent their report witb the flnancial statements of the Charity for th¢ y¢ar ¢n4ed 31 D¢cemb¢r 2025. The trustce5 have adopted the provisions of the Accounting and Reporting by Charitie5: Stste of R¢£ommend¢d Practice appli¢abl¢ to ¢harities pr¢parittg th¢ira¢¢ount$ in a¢¢ord8ttc¢ with tbe Fitjaucial Reporting StaDdard applieable in th¢ UK and Republic of Ireland (FRS 102). Alm and Purposes Holy TiiDity Parochial Church Council IPCC) bas the responsibility of co-operating with the sncumb¢n¢ th¢ R¢vet¢nd Stephen Walker. in promoting tn the ¢ccksiastical paTi5h. the whole mission of the Church. pastordl. evaTh8elistic, swial and ¢¢um¢ni¢al. Objectlve Activltle5 Th¢ PCC is conllDitted to enabling as many people as possible to worship at CbuTch and to b¢come part of our worshipping conjmutiity. Tho PCC an overvi¢w of wotship throughout the pati5tL and make5 suggestions on bow our servi¢es Call involv¢ the divers¢ ¢omnwnity in which we live. Our s¢rvi¢¢s and a¢ts of worship put faith itito prnctice throu8b prayer and scripDJre. music and sacrament. When planning ow ¥tivities for the year. the illcunthent aDd the PCC have Considered the Charity conj1￿10￿.$ guidaDce on public bcncfit and in particular. thc specific guidance on ctMritie5 forthe advanctmentof reli8ioL We ty to enable ordinary people to live outtheir faith as part of ourparish community through.. Worship snd prayer.. learning about the gospel and developing their knowledge and trust ID J&ws. Provisioll of pastoral care for people living in the parish. Mis5ion8ry alld outreach work To fa¢xlitste thi$, it is importaTJt that we maintain the fabric of the Church of Holy TriDity. Achitvemt*ts ¥thd P¢rforn%n¢¢ Iyorship andPrayer The year starte¢L &$ usual. with a week of prdyer. As a Chll￿b comttlunity ￿ rwoglli5¢ the ll¢c¢s5ity to lay strong foundations in pray￿ at ¢tL¢ Stsrt of each year. Our mODthly 'Prayer for Revival. gatherings on the first Swiday evening of ¢aGh month, ￿flect an &8pirBtion for the spiritsjal tranSf0m￿tiOn of our community and beyond. The Week of Prayer for Christian Unity brings all the ¢hurehe$ ￿gether across the ¢own to worship and share fellowship. Though we meet in separate spacrs Sunday by Swthy w¢ are all olle churcb working together to see tbe Kit)gdom of God brin8in8 hope to th¢ people of this towtt. Sunday and mtd-week gath¢rings for worship which are i>pen and accessible to all continued as per our regular pattern. (hlr fortllightly evening 5ervLces {called 'Encounter') provide a space for more Inforn￿l worship without thc constraint of tim¢ that alway5 aGCOTzJPa￿1rS our momitsg servi¢e$. 'Encounter' 15 also an opporbjnity to d¢v¢lop th¢ gifts of others &8 well ¥ our youn8 p)ple by encouraging them to experieD¢e publi0 5p¢aking Id¢liverin8 sernionsl, leadill8 the service and participatiog in the worship group. In tbis way w¢ hope to provide opportwiities for meTnbers of OUT congr¢g#tion to explor¢ iheir gifts as well as ¢tL¢ournging th potential for futur¢ church leaders amongst oiir yoim8 people. It also provides opportunity for thos¢ involved t# s¢rving in TJC (Trinity Junior Church) or the youth ministy in the morning to find a spa¢¢ for spiriwal refr¢s]lln¢nt foT them8elve5. Services of worship a150 tske plac¢ in th¢ conjmunity in residential homes, the day centre artd local hospitsl. particularly around ChTiSthW. Easter and Harvest. facilitaled by a ttam who extrDd the ministy of the ehurth LD this way. All ar¢ welcome to attend our re8ular 10am services or tsvice monthly evening services. At present there are 201 on thc ¢lettoral roll. Deanery Synod We now hftve 3 repre8entatives of the PCC who attend Deanery Syn(NJ. This provides the PCC wilh an imporlant link betweell the parish and the wider structurts of the Church of Englatld. Th¢ WOTk of th¢ Deanrry rd]eots the 'Lif¢' visio of th¢ Diocese and iyrf0rn￿ tbe a8enda $0 that the focw of ministy across the cburcbe5 complies wlth the ditection of trav¢l led by OUT DiocesaD Bishop. Bishop Rachel. The oulworkitig of this comes from Johll 10..10, 'I bave cojnc that they may have LIfE and hav¢ it ¢0 the full.. L.. Leadership- 8 committnent to d¢velopin8 div¢rs¢ and new models oflcadership I.. Imagination-opening new paths to faith through existing and new tnission opporttujities F- Faith- living as adventurous followers of J¢su5 by cnabling people to dtscover new depths to spiritual gmwth E.. Enga8¢ment- livin8 Out Christ's love and hope thrnigh iniÈiativ¢$ wllieh ¢OTnbat injustice and excl￿$10￿ Rev Dgvid Penny. Vi¢ar of St P¢ter'5 thurch. WinchcoTnbe is the Area D￿￿ and is SllPPOrted by a St¥ding ComTnittee of treasurer, secretary athd AssistaTLt AreA D¢•ns tsf the 3 Mission Arca5. The Deanery Synod n￿t on 3 occ&sions over the year to conduct its busin￿￿. Th¢ focus of the DeAllery continues to be to tmplement the Strate8i¢ plats forsustaiDY4bl¢ mini5ty into the future. P*stor#l Care Pa$toral care expresse8 the love of God to those in our fellowship attd in th¢ wider ¢ommuuity. This largely happens through thc fri¢nd5hip$ grown in our small group nctwork but a150 through ow contscts with the widcr ¢ommunity. In 2025 we begatt settittg llp a p&storal teatn to provid¢ pastoral car¢ to those ￿tst ill small groups. Our pastoral prayer support coordinatorhas provided ahelpfulmeaosof comn)unicationto eDable ifjfornuuonofparti¢ularn¢td5 to be 51taTed (with the individuals, consent) for th¢ beneflt of Pray￿ and prdctical 5UPPOrt. Thi5 ha5 Stren8theDed our ability ¢0 b¢ aw&Fe of patti¢u18r nefyjs and d¢monsttat¢ ¢ar¢ a8 best w¢ ¢aii or sigiiptsst indivithials to profe55ional support. Posloralcareforyoungfamilies 'Smarti¢s', our parent attd toddler weekly activity ptovides a re8ular co]Jnectton with young fami]ie5 in th¢ W￿￿￿lIty. Such is the good reputation ofthis ministy that HealthVi5itor5 are happy to reeomrnend it&s aplace whereyoungparents or carer5 caD acc£5s fri¢DdshTPJ COll]munity aTEd SUPPOTt. With thetost of livingcontit)uin8to have att impact the ministy of the Welcome Table (a warni space and free hot xnea]) for anyone in the community who desire IL has continued to be a h¢lpfiJl 5UPPOrt to individua15 and families. MISSIO￿ aDd Outreaeh The MissioEL of the to rea¢h out withthe goodn¢wsof Jesus ChTiSt and the love of God h8s continuedtbrough our support forott¢ 8nother in ourcommunity. Thc Outlook S¢rvI￿ bav¢ ¢otittt)ued providing an oppottijnity for worship at festival times (HaThe$t, FA$ter attd ChTiStmas) in resideDtial homes. the local h05Pital and day care centre. We are grateful to those ttletnbers ofour churcb who have contributed so mudl io this outward expression of miDiStry not just in Tewkesbury but by leading seryi¢¢s iu Churches fi￿er afi¢ld. Members of ow churcb o)nmiuoity contiDued to teach out through their voluntary sUPIM>rt offeted to I￿riOUs local oharitse4 in particular. the of thc Tewkesbury F¢JLyJbank attd Chrliejtham Street Pasto￿. Schools Work The PCC e[nploy￿ Saratl Hdlewell Battelli as a part time Children's and Family Worker and Sam Willi8m5 as a part tittt¢ Youth Pastor. This enables the cburcbto baye thc capacity to b¢ involved ID I￿￿1 s¢1￿01$ in o supportive Tole. This involvement has continued thL5 year with input ￿ school assemblies. Christtan uoion 8rotxps and lunch time activities. Church Tttembets ¢ollttibui¢ as part of 'OpeD the Book. tcan)s taking assembJi¢s in differeDt Primary Schi)ols as wcll serving 0$ Sthc>ol governors. Holy Trinity ha5 hostcd school HaTve$t and Christhjas ¢¢l¢bration$ z$ w¢ll 2$ providing th¢ opportwjity for school visits to th¢ ExpeTien¢e Easter artd Experience Christmas interactive experience. In addition. in 2025 we also bosted the Tewkesbury CotE s¢h(K)I for a s¢lwl concert in collaboration wsth 'lsingPop'. and charity briDgiDg together faith, rolllltsuJ]ity 2nd tnusic. All these opportUDiti¢5 demon5trdte th¢ involvetncnt of the church in the local romrnw)ity. M5581on The PCchav¢￿rnTnlttCd Ioyoof ourunr¢stri¢t¢dvolutttary income (gtOS5)to supportmission. 0￿priMary¢OMI￿1tm¢ttt li to ourmissiott Par¢tt¢rs serving in a Yariety of contexts ia th¢ UK #nd OVE￿4$. Chri5 and Suzy Wilson (CMSI. Living in Addis Ababa and serving throughout Ethiopi Release JnlernatioTral- Building One B(vJy P8rtsLershtp pro¥t8mm¢ with the d)ur¢h in Pakisthn Pedro and AJJnu Satttos- {CMJ) Belt Immanuel. Tcl Aviv, 15rnel Tim Curtis- {SAMS/CMS) Paraguay Wayne O'L¢w- Slavi¢ Gosp¢l A$$o¢iation J¥on and Tra¢y Day-CMS (seconded to OMF) in Chiwhg Mai, Thailand Our 5UPPOrt for those who serv¢ overse8S acts as an important expression of ow desire to be a 'L¢xal Church with a Global Conc¢tn' and tile links we have established through the Life groups will maintain their h?gh PTofile in our church prayer a8enda. As w¢ll as ourMis5ion Partners the PCC has also PTovid¢d support to the following ministries: Ernèrace tbe Middle East The Childr¢n's Society GIDucester City Mi$5lQll. Tewke5bury GP Chaplaincy UCCF A Rocha FID8ndal Revlew Total income forthe yeat was £287,232 (2024.. £309,579) and total expendID￿e £240.586 {2024: £248.330). The balance on th¢ g¢n¢rnl fvnd hncreasedio£95,88912024.. £91,416). In additsonto cash-based assets, the chw¢hownsTritiity House (the ¢hur¢h offi￿} *)d The Old Mi5SLon Hall alon8 with various items of plant, equiprneTht and fiJrniture- these a$5¢ts make up the fixed 8&set total on the Balance Sheet of £281,547 {2024: £ 264.421). Reserves Poll¢y Th¢ po]iey of the PCC is to aim to keep a JDillimum of thr¢¢ mollths, fxpenditute OnTeserv¢. The PCC is thaTthI that it 1$ possible again to observe thi$ PDliry. Vol￿nteerS We would like to all the m8ny volutttrtrs who work so hard to tnake our church the lively attd vibrallÉ ¢omTnWLity that it is. In particular. we would like to thank our churchwardens, Mr Alan B￿f0rd and Mrs Geraldine Simpksns who have worked so tirelessly on our behalf and MT Philip Loveridge as the church treasllrer supported by the finance team. Wc would lik¢ to ¢xpre55 ourapprecRation aq well to ourleadershlp team wbo baveptovided so much support at)d sbated l¢ad¢rship oveT the year. The church can only fimctLOD with the support of its memb¢r& so mally of whom give wiiliDgly of th¢ir tim¢ 8nd ettergy. Thereforc, it l5 appropriateto eKpre5sappreciation to thewhole church memb¢tship aswell asthe Pccand administrative otyicers. 8taff team and le*Eership t¢am and Life grow) leaders for all they give in so many ways to ¢ontribut¢ to the life of Holy Trillity. Structhre. CovernaDce and Management The method of appoinknent of PCC mernbrrs is set out ID the Church Representation Rul¢s. Ai Holy Triniry. the membership of the PCC consists of the incumb¢nt {Vicar), Curate, chyrchward¢ns readers aDd Tnember5 electtd by those m¢mbets of the congr¢88tion who are on th¢ electoral roll of the chureh. All those who attend our setvi¢es and ronsider them5elveB to be members of our conye8atioD are ¢ttcow8g¢d to r¢gisi¢r on the Electoral Roll and stand for elcction to the PCC. The PCC memb¢r5 are responsible for maktn8 dectsions on all matters of gen¢rni con¢¢rn and imw)rtallc¢ to the parish in¢ludin8 d¢¢iding OD how the funds tsf the PCC are to be spellt. The PCC met Six times during the ye•r. ¢v¢ry other mob)th, with th¢ StaTMJing ComnJitt¢e meeting alternative month& An average level of attendance of about 81Y/o was achieved at each meettD& Sub committees have a]so met throughout th6 y¢ar, reportiTJg back to th¢ full PCC at ￿ch Tnecti￿g for fither discussion. Representatives of the various Syntyls also reportback following meetings they attcnd. The PCC ha5 effiployed part time ststT to assist I￿ the ministy of the church.. Mrs Sam Williaw (Youth Pasior). Mts Hellewell Band]i ICbildr¢n'5 alld Families Worker) Mrs Helen Hart (Administrator). AdmlY•lslrallve Inforth*tion The Parochial Church Council of the Ecclesi8Stical P&rish of Holy Trinity, T¢wk¢sburyy known as Holy Trinity T¢wk¢sbury, is locaied in th¢ middle tsf Tvwke5buryby the market carpalk. It is partof the Dioc<%e of Glou¢est¢r within the Churcbof England. The CO￿espOnde￿¢ addr¢ss is: Holy TriDity Tewkesbury. Church Office, 10 Oldbwy Ro8d. Tewk¢sbury. GL20 SNA The PCC is a body ¢orpornte (PCC Powers Measure 1956. Churcb Representation Rules 2011) and fy Cbarity registered with ihe Charity Comrnission (Re8istsation ntsmb¢r'. 1130775). Member5 who have Served from l January 2025 until this report was approv¢d arc". x Officlo Jntmbers In¢Mmbertl.' Cur4te.' The Reverend Stephen Walker The Rcv Simon Philips Ch4irman Reader." Mr5 Jo Davie8 Mr5 Gcraldinc Simpkin5 MrAlan Bedford Churth Wardcn Church Warden Officers.. Mr Philip Loverid8e Mr5 Liz Walkcr Treasurer (Co-opted April 20231 S¢¢i¢¢ary Ele￿ed￿￿￿ber$.- Mr I￿¢ Davi5 MTS Su¢ Thatch Mrs kndrea Duncan Mr Julian Dickinson Mr Duncan de Grn¢hy Mrs Alison Cir¢1 Mrs Le51ey 1108ers Mrs Amanda Lowe Mr Joshua Powell Resigned S¢pteTnber 2025 Resi8ned May 2025 Resigned May 2025 {Safeguarding Repl Deanerysynod.. Mr lan Hart Collon Nig¢1 Cbetwood Mr MaTtin Edgl¢y Deanery Syt)od R¢pr¢scntative Banke NatWe8t PLC Cheli¢Dbam Branch 31 Protnenade Chcltcnham (yL50 ILH IDdependeut VAamlner Henry Stephenson MAAT DOY A¢¢ountancy 69a Bartort Stteel T¢wk¢sbury L20 SPY StatemeBtof CouDcIi Member's Responslbllldes Charity law requires th¢ council members to prepare financial statements for each financial year whieh give a true and fairvi¢woftlLe State of affairs ofthe Parochial Church Council at theyear etsdandof its inrotllTngr¢Sourcesat￿reS0UrCts expended d￿ill8 thot year. Inprep￿Ing thos¢ financial 51atcrnents. the Council members are requirnl to.. select suitable accountin8 policies and apply th¢m ¢onsisiert¢ly- ake judgements aTLd estimates that are re&sonabSe and prudent; stat¢ whether appli¢abl¢ a¢¢ountillg Stand￿ alld statements of recornD￿ded pwtic¢ hove been followed subject to any dwrturcs disclosed and explained in the finan¢ia] $tat¢nwJts' and prcparc the financial 5tat¢ments on the goin8 concern b&sis unless it is inappropTiat¢ to prcsumc that the Parocbial Chutth COW￿11 will continur to fill￿tIOn. The Council members at¢ r¢swibl¢ (orkffping proper accounting records wkn.ch disclose with rt•$o])able accuracy at any time the financial position of the ParcKhial Church COW￿11 enable thetTL to ensure that the financial statements CO￿p[Y wiibtheCbariti¢5 A¢t2011. Theyare 8150 r¢s￿nSIble forsafeguardingtheass¢ts ofth¢ Parochial Church Council and hence for tskin8 teasonabl¢ st¢ps for the P￿¢￿110￿ and detection of fraud and oth¢r iwlariii¢s. The knua] Re￿ a￿d A¢covDts wcre appToved by the PCC subject to eXaMi￿tion wd sigo¢d OD its bcbalf by.. Reverend Stephen Walker {Ch&innan) P8rochial fti Tewkes IDde c[￿ent Examiner's Re rt to the Tnjstees 025 Itsdependetst Ei*thlDtr'y Report ts th¢ Trnstees of The P*roehl&l Ch￿re￿ Ct)yMell of Holy Trinlty, Tewkesbury I report to the charity's board of trusteC5 ITh conneetion with my examitiatiou of the accounts of Th¢ Pa￿￿181 ChuT¢h CouDciI of Holy Trinity, Tewk￿bvry foT the year ended 31 December 2025. RespoDslbllltl¢$ and B#$l$ •f Reporting As the trusi¢¢s of the Ch￿lty. you are resporLsible lor th¢ pr¢parAtioll of aecounts in accord8ll¢¢ with the rquirements of the Charities Act 2011 {'the A¢¢'). I report iti r¢spect of my examination of the ¢hariti¢S a¢¢ouDts Gatried out under Sectioo 145 of th¢ Act and caryiD8 QUI my ex8minatÈon I have followed all applicable directions given by th¢ Charity Conunission under sectitsll 145(5)(b) of the Act. Independent EX•ll￿Der'S St•tewent Sitlce the charity'5 gr05s iDcome exceeded £250,000, your examiner must be a memb¢r of a ix)dy listed in section 145 of the Act. I confjmi that I am qualifi￿ to undertake the examination be¢aus¢ l am a mcrnber of the Association of Accounting T¢chnicians which is one of the listed bodies. I have cOmpl￿ed my examiwtion aThd can confLrnI that no material matters have ¢ome to my attention ￿vit)g me ¢aus¢ to 6¢lieve that in ally tnateriai way.. accountin8 records were not kept iti respectof the charity as wuired by S¢¢tioll 130 of the ACL or 2. the account5 do not accord with those r¢totds' tsr 3. the aceounts do not ¢omplywith the applicable r4uirements cort¢¢rning the fonn and eontentofthe &CCQUT setoutin thecharities IA¢couuts and Reports) Regulatton5 2008, oth¢r than any requirementthat the accounts give a truc and fair vicw, wkn.ch is not a mÈtt¢r ¢onsid¢red as part of an indcpcndent ¢xamIn￿oll. I bave no concerns ar￿ have come acro$$ no other n>atten in ¢onn¢ction with thc examinltiott to which l frtl attention should be ¢Jrawn ID this report to enable and proper und¢rststJdiEJg of th¢ accounts. Henry Stcphcn50n MAAT DOY Accountancy 69? Barton Street T¢wke8bury Gloucestcrshirc GL20 SPY Date: 31 March 2026 ThcP hia] hurch uncil of H I Delailed Ststemer2È of FiDa#cial A¢tivilie$ Yeat Ended 31 December 2025 GENEMAL DE$IGI4A]TD REsfiucTED 2025 2024 INCOME Donaiions and legacies Charitable activities Othertrading activiti& InvestmeTJt incomc 233,794 1,517 2,066 6.027 10,527 3,016 1.169 28.467 649 272,788 5.182 3.235 6,027 273,325 26.348 3,693 5,819 29 116 287 EXPENDITURE Charitabl¢ activities 199.682 34.728 6,176 240.586 248.330 24fj586 248J30 Net operatlng incorne l (e4￿ndI￿re) Transfer betsve¢n funds Net income and movementin funds 43,722 39.249 4,473 120,016) 32.746 12.730 22,940 46.646 60,855 29,443 46.646 60,855 RECOP4CILIATION OF FUNDS Total fijnds brought forward Totsl funds carried fonward 321496 334226 416 529 355 674 41 463 175 ￿29 95J89 chial Balattce Sheei 31 DeceEnber 2025 Noteg 2025 2024 FIXED ASSETS Tatt8ible r￿ed assets 281.547 264,421 CURRENT ASSETS Investments 157.(AK) 2,797 29,596 126.500 3.560 24,343 14 154.417 Casb at bank Petty cash 189,996 LIABILITIES Creditor8- amounts falling due in one year (8,3681 {2.3(Y)) NET CURRENT A&SETS 181.628 152 108 TOTAL NET ASSETS 41 THE FUNDS OF THE CHARITY Unrestrict¢d fiJnds- g¢netal Unrestricted funds- deSi￿at￿l R¢5tri¢ted fiuJd5 95.889 334,226 33.060 91,416 321.496 3.617 463.175 416.529 Approved by the PCC on 31 March 2026 and si8u¢d on its behalf by: P J Loveridge Tr¢w¢r Parochial Nol&% to the Fin￿¢1￿1 Stat¢meDts ACCOUNTING POLICIES Bgsi5 of Preparing the Fingnc181 Stst¢w¢nts The financial statements have been Prep￿ underthe Chw¢h A¢¢owtingRegulations 21)09 andthe Charities A¢1 2011 ill a¢¢ordattc¢ wtth app]i¢able accouDting 5tsndard5 aDd the CU￿ent Statement of R¢¢ognised Practice for Accountingand Rcpotlingby Charities ISORP 2015 1 FRS 102) and on th¢basi5 that the charity is aPubli¢B¢n¢fit Entity. The financial statemeThts include all transactions, assets and li&bilities for which the PCC is responsible in law. They do not ill¢lude tbe finallcsal statanents of church groups that owe their main 8ffi1i&tion to 8noth¢r body nor those that are informal gathering$ of ¢hut¢h m¢mbers. The fillaTLcial statements have been prepared uttd¢T the historical cost convention and on a Goin8 Concern basis. The presentation GuTr￿CY is £ St¢rliTrg. Thc principal aecountitLgpoli¢ies adoptd tn the preparation of the fioaDcial $tatem¢nts are as follows: Fund Acco￿￿ting Gcn¢rnl futjds represcnt th¢ f￿ndS of the PCC that we not subject to any restrÉctions regarding thetr u$¢ and gre available forapplication on the general pwses ofthe PCC. Funds designated fora particular purposeby the PCC are a150 uDrestrÉcted. Restricted fiwds are funds whith are to be used in a¢¢ordanec with spvcific restiictions imP05¢d by donor4 or which have been raised by the church for specific purposes. The ¢ost of rnisitig and administenn8 Such filnds is Charg￿ against the specific fi]nd. Th¢ aim and u5¢ of uch restricted fund is set out i th¢ notes to the financial 5tatern¢nts. Income and EndowmeTrts VoluDtary illcome is received by way of thbnations and gifts and is included ID full itt the Stsl¢ments of Fi08ts¢ial AGtivslies when rec¢ivabl¢. Gift5 donated for ie$al¢ aTe iDclvd¢d a5 incotne when they are sold. Donated assets are included at the value to tbe PCC wbere this ¢aD be qllatitifi¢d and a thi￿ party i$ beAring the c05t. The Vdlue of services provided by volunteers i5 not quantified. Collections are reco8Dised when rtte1V￿ by or on behalf of the PCC. Planned giving receivable underGift Aid is reeognised onlywhtn r￿cIV￿. Income Tax recoverdbleon Gift Aid donatioDS is reco8nistd when the income 1$ ieeo8nised. Grants and le8acies to the PCC are a¢cow)ted for when an inflow ofecono￿]C benefit is probable. Rental incotne from the Icttitlg of church premises is recogllised wh¢n the rentsl is dlle. lrtterest is accollrtted for whert receivable. Th¢ PCC is ttot r¢gistered for VAT. For legacies. entitlement 15 the earlier of the charity beingnotifi¢d of an impending distribution or the legacy bein8re¢eiv¢d. A¢ this poitit inGome is r¢¢ogttised. On oc¢a5iots l¢go¢ies will b¢ #otifi¢d to th¢ charity. however it is not Possible to meas￿re the amount expected to be distributed. On these occasion4 the legacy 1$ tr¢at¢d 05 a rontingcllt 855¢t and disc105ed. Expelldlture All expcTtditur¢ is included onan ac¢Nals bagis and is Tr￿gnIsedwhellA￿ oufflowofeconomicbencfit is probable. Fundraising ¢osts are thos¢ in¢urred in se¢king voluntary co￿tributiOnS and do I￿t include the ¢osts of disseminating infonn&tion in 5UPPQrt of the ch￿l￿ble activiti¢5. Taxation The charity i5 exempt from tax 4)n lis ¢haritable 4¢tsvities. Fixed Asset5 Consecrated and bcD¢ficcd property of any killd is ¢x¢luded from th¢ financial 5tateD]eDts by SIOI2) of the Charities Ad 2011. Mov¢abl¢ ¢huwh thmishin8s h¢ld by th¢ Vi¢ar and Chur¢hward¢ns ott special twst for the PCC. and which require a faculty for disposal. arc accounted for as inalienable property unless consecrated. They are liswt th¢ ¢hurch'$ inventory whÈch cat) be inspected at any reasonable time. For inaliettable property acquired prior to 1999 there is iDsufficieDt cost illfonnatiou 4v¥iiablc aTJd th¢re(ore such assets are not included ' the financial 51atenThts. There wete no acquisitions of inalienable propety in thi5 financial year. D¢preciation of the cost of ¢q￿1pment and Tefiubisbm¢nt is charged on a 2￿￿ $traigbt line bosis. Fre¢bold property is d¢pre¢iat¢d using the strdight-line method using a rate of IDA. These rates are calculated tOWTite off theassets overtheir useful economic lives. Assets ¢osting mole than £IOOO ar¢ ¢apitalis¢d. Penslthns The PCC makes contributions for the beDefit of employccs to a rnulti-employer defined contribution se1￿]e. L