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2025-12-31-accounts

Charity registration number 1131090 (England and Wales)

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Revd. M J Boag Revd. S Upchurch S Pelissier C S Smith Dr A M Wilkinson D I Anderson Revd. F Pole Revd. G Winn Parry D Fry J Stanford A Lane J Taylor (Appointed 11 May 2025) M Perry (Appointed 11 May 2025) Charity number 1131090 Registered office St Barnabas' Church Worth Road, Pound Hill, Crawley West Sussex RH10 7DY Independent examiner Darren Harding ACA FCCA DChA Richard Place Dobson Services Limited Ground Floor 1-7 Station Road Crawley West Sussex RH10 1HT

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

CONTENTS

Page
Trustees' report 1 - 3
Independent examiner's report 4
Statement of financial activities 5 - 6
Balance sheet 7
Notes to the financial statements 8 - 19

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

The Trustees present their annual report and financial statements for the year ended 31 December 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Parochial Church Council Powers Measure (1956) as amended and churches representation rules, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".

Objectives and activities

Policies and objectives

The primary purpose of the Parochial Church Council (Trustees) of the Ecclesiastical Parish of Worth, Pound Hill and Maidenbower is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England.

In setting objectives and planning for activities, the PCC members have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Strategies for achieving objectives

The Parish has two centres of worship, the Parish Church of St Nicholas, Worth and the Church of St Barnabas', Pound Hill with the latter site encompassing a hall, meeting rooms and a cafe.

Activities undertaken to achieve objectives

The Parochial Church Council is responsible for the ministry of both Churches and for the Church buildings. It is also responsible for the associated land and buildings and for some of the maintenance of properties owned by the Church of England for use by the clergy.

Main activities undertaken to further the Charity's purposes for the public benefit

The Churches are used on a regular basis for both worship and other community activities. At St Barnabas’ there are over 650 people using the facilities each week. These community activities include 4 toddler and baby groups, 2 dance schools, a theatre school, Zumba, Pilates, 9 CA/AA support groups, Brownies, Friday Lunches, Youth Club, 2 seated exercise groups . There are also numerous church related activities including 4 Messy Church sessions (for children up to 14 years of age), Knit & Natter, Scrabble & Cake as well as monthly table top sales and a Café that is open twice a week.

Achievements and performance

Review of activities

Attendances at Sunday and weekday Eucharists have continued to improve, particularly with young families and new members have been welcomed at both churches. Weddings, baptisms and funeral services are held at both churches and the buildings at St Barnabas continue to be hired out to a multitude of local organisations. The Churches are used on a regular basis for both worship and other community activities. At St Barnabas’ there are over 650 people using the facilities each week. These community activities include 4 toddler and baby groups, 2 dance schools, a theatre school, Zumba, Pilates, 9 CA/AA support groups, Brownies, Friday Lunches, Youth Club, 2 seated exercise groups . There are also numerous church related activities including 4 Messy Church sessions (for children up to 14 years of age), Knit & Natter, Scrabble & Cake as well as monthly table top sales and a Café that is open twice a week.

With the completion of major capital projects at both St Barnabas’ (providing level access throughout) and St Nicholas (tower repairs, installation of new boilers and improvements to lighting and sound system) in the past few years the Restricted funds held by the parish have been much reduced and there has been little expenditure through 2025.

page 1

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

Financial review

Going concern

After making appropriate enquiries, the PCC members have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. At the year end the Charity reported a deficit on unrestricted funds; however, the trustees have reviewed post year-end financial information and are satisfied that this position has improved shortly after the reporting date. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Reserves policy

It is the intention of the PCC to continue to rebuild reserves in 2026, in line with the Reserves Policy. It is planned to hold a “Stewardship Campaign” to raise the level of awareness of the costs associated with running the parish. All outstanding Gift Aid has been received. Regular giving has increased, both in numbers giving and the amount received. Further efforts will be made to increase congregational giving through 2026 and beyond.

Principal funding

The Parish made a deficit in the year of £14,629 (deficit in 2024 of £4,922). This is made up from a deficit in Unrestricted funds of £3,592 (surplus in 2024 of £669), a deficit in Restricted funds of £10,919 (deficit in 2024 of £5,657) and a deficit in Endowment funds of £118 (surplus in 2024 or £66).

Structure, governance and management

Constitution

The Parochial Church Council of the Ecclesiastical Parish of Worth, Pound Hill & Maidenbower is a registered charity, number 1131090, and is constituted under the Parochial Church Council Powers Measure (1956)

The Trustees who served during the year and up to the date of signature of the financial statements were: Revd. M J Boag Revd. S Upchurch S Pelissier C S Smith Dr A M Wilkinson Revd. Dr G J Sawyer (Resigned 29 June 2025) D I Anderson Revd. F Pole Revd. G Winn Parry D Fry J Stanford D Hewerdine (Resigned 11 May 2025) A Lane J Taylor (Appointed 11 May 2025) M Perry (Appointed 11 May 2025)

Methods of appointment or election of Trustees

The management of the Charity is the responsibility of the PCC members who are elected and co-opted under the terms of the the Parochial Church Council Powers Measure (1956).

Financial risk management

The PCC members have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Plans for future periods

The PCC members are satisfied with the progress of the Church during the year and no major changes are expected in the coming year.

page 2

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILLAND MAIDENBOWER TRUSTEES. REPORT (CONTINUED) FOR THE YE4R ENDED 31 DECEMBER 2025 The management of thecharity is the responsibility of the PCC rnembers who are elrtted and COwOPted urtder the iernis of Ihe Parochial Church Council Powers M¢asure119561. Th¢ trus ' re￿rt was approvcd by the Botrd ofTnbS*¢S. Rev¢L M J B￿g TTUStee

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

I report to the Trustees on my examination of the financial statements of The Parochial Church Council of the Ecclesiastical Parish of Worth, Pound Hill and Maidenbower (the charity) for the year ended 31 December 2025.

Responsibilities and basis of report

As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. 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 examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Darren Harding ACA FCCA DChA

Richard Place Dobson Services Limited Ground Floor 1-7 Station Road Crawley West Sussex RH10 1HT Date: 26 May 2026

page 4

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025

Current financial year
Unrestricted
Restricted
Endowment
funds
funds
funds
2025
2025
2025
Notes
£
£
£
Income and endowments from:
Donations and legacies
3
67,302
17,104
-
Charitable activities
4
77,670
-
-
Investments
5
1,429
-
-
Other income
6
25,251
-
-
Total income
171,652
17,104
-
Expenditure on:
Charitable activities
7
175,244
28,023
-
Net gains/(losses) on investments
12
-
-
(118)
Net outgoing resources before transfers
(3,592)
(10,919)
(118)
Gross transfers between funds
(4,655)
4,655
-
Net movement in funds
(8,247)
(6,264)
(118)
Fund balances at 1 January 2025
7,078
50,208
2,937
Fund balances at 31 December 2025
(1,169)
43,944
2,819		 Total
2025
£
84,406
77,670
1,429
25,251
188,756
203,267
(118)
(14,629)
-
(14,629)
60,223
45,594		 Total
2024
£
184,708
79,413
2,093
19,901
286,115
291,103
66
(4,922)
-
(4,922)
65,145
60,223

The statement of financial activities includes all gains and losses recognised in the year.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

page 5

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Prior financial year
Unrestricted
Restricted
Endowment
funds
funds
funds
2024
2024
2024
Notes
£
£
£
Income and endowments from:
Donations and legacies
3
70,816
113,892
-
Charitable activities
4
79,413
-
-
Investments
5
2,093
-
-
Other income
6
19,901
-
-
Total income
172,223
113,892
-
Expenditure on:
Charitable activities
7
171,392
119,711
-
Net gains/(losses) on investments
12
-
-
66
Net outgoing resources before transfers
831
(5,819)
66
Gross transfers between funds
(162)
162
-
Net movement in funds
669
(5,657)
66
Fund balances at 1 January 2024
6,409
55,865
2,871
Fund balances at 31 December 2024
7,078
50,208
2,937		 Total
2024
£
184,708
79,413
2,093
19,901
286,115
291,103
66
(4,922)
-
(4,922)
65,145
60,223

The statement of financial activities includes all gains and losses recognised in the year.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

page 6

THE PAROCHIAL CHURCH COUNCILOFTHE ECCLESIASTICAL PARISH OF WORTH, POUND HILLAND MAIDENBOWER BALANCE SHEET ASA T31 DECEMBER 2025 202$ 2•24 Curremt guets Debtors Investsnents Cash at bank and in hand Is 16 7.013 1819 49.046 11,943 2.937 54J65 58.878 69.245 Creditors: amou•ts fAlli#8 dt wlthl# othe ye•r 17 {132841 19,0221 Net tllrreul assets 45.594 .223 The fthtsds of the tfrLrlty Endowment funds Restricted inc(Mne funds Unrestricted funds 2.819 43.944 11.1691 2.937 50.208 7,078 19 45.594 60,223 The financ stsiements were approved by th Tns*uffl........--...-..._- Revd. M J Boa8 Trustee p￿¢1

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

Charity information

The Parochial Church Council of the Ecclesiastical Parish of Worth, Pound Hill and Maidenbower is a public benefit entity.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Parochial Church Council Powers Measure (1956) as amended and churches representation Rules, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

page 8

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

(Continued)

1.4 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Rental income from property is recognised on an accruals basis over the period to which the rental relates. Income is recognised when the charity’s right to receive payment has been established in accordance with the terms of the tenancy or licence agreement.

Where rental income is received in advance, amounts relating to future periods are deferred and recognised as income in those periods.

Income from fundraising events is recognised when the event has taken place, the charity is entitled to the income, and the amount can be measured reliably.

Ticket income and entry fees are recognised at the point the event occurs. Sponsorship and donations connected to events are recognised when receivable, provided there are no performance conditions remaining. Event income received in advance is deferred until the event has taken place.

Direct costs of events are recognised in the same period as the related income.

Investment income is recognised when the charity becomes entitled to the income, when receipt is probable, and the amount can be measured reliably. Investment income includes bank interest, dividends, and returns on cash deposits or investment portfolios. Interest is accrued on a time-apportioned basis using the effective interest method. Dividends are recognised once the charity’s right to receive payment has been established.

Other income comprises items that do not fall within the categories of donations, grants, charitable activities, or investment income. Other income is recognised when the charity is entitled to the income, receipt is probable, and the amount can be measured reliably.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

page 9

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. 3 charitable activities activities have been identified in Charitable Giving, Ministry costs and Property costs. Support costs are allocated to these activities on a systematic and reasonable basis in proportion to the resources consumed by each activity.

All expenditure is inclusive of irrecoverable VAT.

1.6 Cash and cash equivalents

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.7 Financial instruments

The Charity only has financial assets and financial liabilities 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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Basic financial assets

Debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.

Basic financial liabilities

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

1.8 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

page 10

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

(Continued)

1.9 Leases

Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Donations and gifts 67,302 17,104 84,406 70,816 113,892 184,708

4 Income from charitable activities

Fees, rental Fees, rental
and event and event
income income
2025 2024
£ £
Fees, rental and event income 77,670 79,413
Analysis by fund
Unrestricted funds 77,670 79,413

5 Income from investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 1,429 2,093

page 11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

6 Gift aid and other income

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Other income 25,251 19,901

7 Charitable activities

Charitable
Giving
Ministry
Costs
Property
Costs
2025
2025
2025
£
£
£
Staff costs
-
17,837
-
Events and fundraising
2,059
5,134
-
Diocesan Parish Contribution
-
96,625
-
Other Clergy Costs
-
2,911
-
Weddings/ Funerals to Diocese
-
5,185
-
Baptisms
-
-
-
Worship & Music
-
705
5,836
Insurance
-
-
4,167
Maintenance & St B Refurb/Fabric Costs
-
-
16,554
Utilities
-
-
13,501
Friends of St Nicholas & Parish World Bank
& Mission Fund
-
-
27
Churchyard costs
-
-
1,627
Parish Office
-
-
30
Parent & Toddler costs
-
205
1,672
St Nicholas Costs
-
-
20,578
2,059
128,602
63,992
Share of support costs (see note 8)
-
3,632
1,816
Share of governance costs (see note 8)
-
2,111
1,055
2,059
134,345
66,863
Analysis by fund
Unrestricted funds - general
2,059
134,140
39,045
Restricted funds
-
205
27,818
2,059
134,345
66,863		 Total
2025
£
17,837
7,193
96,625
2,911
5,185
-
6,541
4,167
16,554
13,501
27
1,627
30
1,877
20,578
194,653
5,448
3,166
203,267
175,244
28,023
203,267		 Total
2024
£
22,988
9,904
88,708
1,197
4,818
27
6,361
4,050
76,911
15,993
1,096
1,506
54
2,131
46,902
282,646
5,095
3,362
291,103
171,392
119,711
291,103

page 12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

7 Charitable activities For the year ended 31 December 2024

(Continued)

Charitable
Giving
Ministry
Costs
Property
Costs
£
£
£
Staff costs
-
22,988
-
Events and fundraising
6,825
3,079
-
Diocesan Parish Contribution
-
88,708
-
Other Clergy Costs
-
1,197
-
Weddings/ Funerals to Diocese
-
4,818
-
Baptisms
-
27
-
Worship & Music
-
777
5,584
Insurance
-
-
4,050
Maintenance & St B Refurb/Fabric Costs
-
-
76,911
Utilities
-
-
15,993
Friends of St Nicholas & Parish World Bank & Mission
Fund
-
-
1,096
Churchyard costs
-
-
1,506
Parish Office
-
-
54
Other Expenses
-
569
1,562
St Nicholas Costs
-
-
46,902
6,825
122,163
153,658
Share of support costs (see note 8)
-
3,363
1,732
Share of governance costs (see note 8)
-
2,242
1,120
6,825
127,768
156,510
Analysis by fund
Unrestricted funds - general
6,825
127,199
37,368
Restricted funds
-
569
119,142
6,825
127,768
156,510		 Total
2024
£
22,988
9,904
88,708
1,197
4,818
27
6,361
4,050
76,911
15,993
1,096
1,506
54
2,131
46,902
282,646
5,095
3,362
291,103
171,392
119,711
291,103

page 13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

8 Support costs allocated to activities

Operating lease charges
Postage & stationery
IT costs
Bank charges
Governance
Governance costs include payments of £2,910 due to the independent examiner.
9
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
Operating lease charges		 Total
2025
£
1,471
1,789
1,590
598
3,166
8,614
2025
£
3,166
1,471		 Total
2024
£
1,985
892
1,653
565
3,362
8,457
2024
£
3,362
1,985

10 Trustees

During the year ended 31 December 2025, expenses totaling £924 were reimbursed or paid directly to 4 Trustees (2024 - £1,062 to 6 Trustees).

11 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
4 4
Employment costs 2025 2024
£ £
Wages and salaries 17,632 22,753
Social security costs 205 235
17,837 22,988

There were no employees whose annual remuneration was more than £60,000.

page 14

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

11 Employees (Continued)

Remuneration of key management personnel

There are no current employees deemed as key management personnel.

12 Gains and losses on investments

Endowment Endowment
funds funds
2025 2024
Gains/(losses) arising on: £ £
Revaluation of investments (118) 66

13 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

14 Financial instruments

14
Financial instruments
Carrying amount of financial assets
Instruments measured at fair value through profit or loss
15
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
16
Current asset investments
Investment with the Diocese of Chichester Trust		 2025
£
2,819
2025
£
1,082
1,411
4,520
7,013
2025
£
2,819		 2024
£
2,937
2024
£
2,775
1,776
7,392
11,943
2024
£
2,937

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

17 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Other taxation and social security
Other creditors
Accruals and deferred income		 2025
£
337
68
12,879
13,284		 2024
£
879
68
8,075
9,022

18 Endowment funds

Endowment funds represent assets which must be held permanently by the charity. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund.

At 1 January Incoming Gains and
At 31 December
At 31 December
2025 resources losses 2025
£ £ £ £
Permanent endowments
Thompson Trust 2,937 - (118) 2,819
Previous year: At 1 January Incoming Gains and
At 31 December
2024 resources losses 2024
£ £ £ £
Permanent endowments
Thompson Trust 2,871 66 2,937

The Thompson Trust.

Set up to maintain 3 Thompson family graves.

page 16

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

19 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 January Incoming Resources TransfersAt 31 December TransfersAt 31 December
2025 resources expended 2025
£ £ £ £ £
The Friends of St Nicholas 1,191 65 (27) (376) 853
Mission Fund - - - 274 274
Parish World Bank 680 639 - (64) 1,255
St B's Refurbishment 20,901 5,046 (5,587) (14,811) 5,549
St N's Fabric & Tower 21,172 2,615 (17,928) (2,478) 3,381
St N's Approach - - - 27,081 27,081
Churchyard 244 977 (1,627) 1,080 674
Memorial Garden 1,853 356 - (1,157) 1,052
Organ Fund 11 6,505 (2,649) (1,013) 2,854
Parent and Toddler Group 476 901 (205) (1,172) -
Parish Fabric Fund 3,610 - - (2,639) 971
St B's Ground 70 - - (70) -
50,208 17,104 (28,023) 4,655 43,944
Previous year: At 1 January Incoming Resources TransfersAt 31 December
2024 resources expended 2024
£ £ £ £ £
The Friends of St Nicholas and
Mission Funds 1,482 710 (1,001) - 1,191
St B's Grounds 70 - - - 70
Parish World Bank 470 305 (95) - 680
St B's Refurbishment - 107,187 (86,286) - 20,901
St N's Fabric & Tower 21,172 - - - 21,172
St N's Approach 27,524 1,856 (29,542) 162 -
Churchyard - 1,300 (1,056) - 244
Memorial Garden 1,537 766 (450) - 1,853
Organ Fund - 723 (712) - 11
Parent and Toddler Group - 1,045 (569) - 476
Parish Fabric Fund 3,610 - - - 3,610
55,865 113,892 (119,711) 162 50,208

page 17

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

19 Restricted funds

(Continued)

The Friends of St Nicholas.

This fund was set up to fund maintenance at St Nicholas’.

The Mission Fund.

The Mission Fund was used to fund our Youth Alpha Course as well as outreach into local schools.

Parish World Bank or Team Work Bank.

The congregation regularly donates small amounts which can be used to support emergencies worldwide.

St Barnabas’ Refurbishment (Fabric) Fund

This is an on going project to provide level access throughout and is in 3 phases. The first phase addressed the Café, completed in 2021, the second phase addressing the internal access between the church and the hall was completed at the end of 2023. The final phase for external access was started towards the end of 2023, completed in 2024.

St Nicholas Fabric and Tower

In 2024 the main work was to replace the sound system and continue planning for the new lighting scheme.

St Nicholas Approach

A parishioner gave us £40,000 in 2018 to deal with the problem we have with the path leading to the St Nicholas’ Church and the trees which are encroaching onto and destroying the only access path. This project is ongoing.

Churchyard Fund – St N’s only

Used to pay for the maintenance of the mowers.

Remembrance Garden

Used to pay for the maintenance of the memorial garden.

St Nicholas’ Organ

This fund comes from specific fundraising events and donations for the maintenance of the organ.

20 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 January Incoming Resources TransfersAt 31 December TransfersAt 31 December
2025 resources expended 2025
£ £ £ £ £
Toddlers Group 587 - (587) 1,172 1,172
Youth Group 1,501 - (63) - 1,438
General funds 4,990 171,652 (174,594) (5,827) (3,779)
7,078 171,652 (175,244) (4,655) (1,169)

page 18

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WORTH, POUND HILL AND MAIDENBOWER

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

20 Unrestricted funds (Continued)
Previous year: At 1 January Incoming Resources TransfersAt 31 December
2024 resources expended 2024
£ £ £ £ £
Toddlers Group 587 - - - 587
Youth Group 1,640 - (139) - 1,501
General funds 4,182 172,223 (171,253) (162) 4,990
6,409 172,223 (171,392) (162) 7,078
21 Analysis of net assets between funds
Unrestricted Restricted Endowment Total
funds funds funds
2025 2025 2025 2025
£ £ £ £
At 31 December 2025:
Current assets/(liabilities) (1,169) 43,944 2,819 45,594
(1,169) 43,944 2,819 45,594
Unrestricted Restricted Endowment Total
funds funds funds
2024 2024 2024 2024
£ £ £ £
At 31 December 2024:
Current assets/(liabilities) 7,078 50,208 2,937 60,223
7,078 50,208 2,937 60,223

22 Operating lease commitments

Lessee

The operating leases represent leases of office equipment from third parties. The leases are negotiated over terms of 5 years and rentals are fixed for 5 years. All leases include a provision for five-yearly upward rent reviews according to prevailing market conditions. There are no options in place for either party to extend the lease terms.

23 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

page 19