2025-12-31-accounts

Christ Kims and Stavgnagg stev8nag8 HOLY TRINITY PAROCHIAL CHURCH COUNCIL, STEVENAGE including the churches of Holy Trinity and Christ the King ANNUAL ACCOUNTS and FINANCIAL REVIEW YEAR ENDED 31st DECEMBER 2025 Registered Charity No. 1131873

Holy Trinity Church, Stevenage Annual Report of the Parochial Church Council for the Year Ended 31 December 2025 Aim and purposes The charitable purpose of Holy Trinity's Parochial Church Council IPCCI is the advancement of religion. The principal function of the PCC is to support the advancement of the Christian religion by promoting, in co-operation with the Vicar, in the geographical, ecclesiastical parish, the whole mission of the Church.. pastoral, evangelistic, social and ecumenical. In addition, the PCC has responsibility to the Anglican Congregation at the Church of Christ the King Local Ecumenical Project located within the parish at Filey Close, Symonds Green, Stevenage (currently the sole congregation there, as there are no ecumenical partners at presentl, and maintenance responsibilities for the Church buildings and Churchyard of Holy Trinity, High Street, Stevenage. Objectives and activities The PCC'S charitsble objects {'Promoting in the ecclesiastical parish the whole mission of the Church'l are primarily focused on the advancement of religion, which is recognised as a charitable purpose having public benefit. The PCC works to enable the church to play its part in Christian mission to the world, to co- operate with the vicar in sharing leadership., to care for the buildings and churchyard so that they may be best suited for the purpose of the church's ministry and mission., to ensure legal compliance with charity law and ecclesiastical law, in particular in the areas of finance, employment and appointments,. and to be a channel of consultation within the wider Church through its synodical structures on matters that affect the Church locally and nationally. Using the language on the gov.uk site.. we provide and maintain a place of worship, generally advance the Christian religion, educate people about the religion, provide pastoral care and outreach, and support missionary and evangelical activities. We provide buildings I facilities l open space las mentioned above the church and churchyard}, provide services (community activities to combat social isolation, see below), and make grants to organisations. We help adherents of the Christian religion, but also the general public, especially people living within our geographical parish, including children and the elderfy. In addition, the PCC'S activities as listed below have further public benefits., for example, teaching and taking assemblies offer advancement of education which is recognised as a charitable purpose having public benefit. Donations to other charities and our own projects provide public benefits in the relief of povety, need, and social isolation, whether within or outside the ecclesiastical parish, often for minority groups with particular needs such as the elderly. Moreover, as a result of activity in the pursuit of the advancement of the Christian religion, the PCC has custody of propety and of records, materials and artefacts of significance to the cultural and religious heritage, maintenance of which is undertaken by the pcc.

Achievements and performance Worship and Prayer The PCC is keen to offer a range of services during the week and over the course of the year that our community will find both beneficial and spiritually fulfilling. For example, Sunday Morning and Evening Prayer and Services of the Word provide the opportunity to hear and reflect upon a number of Scripture passages read by and wthin a small gathering, while our Eucharists engage the senses more widely, with the provision of Communion. We provide a range of music on Sunday mornings, with a leaning toward the more traditional styles of hymn at Holy Trinity, and a mix of contemporary choruses with traditional hymns at Church of Christ the King. Much of our corporate worship is accessible by internet &lor telephone for those who are house-bound or ill. We offer an 8.15 am weekday Morning Prayer Monday to Thursday and weekday Eucharists on Principal Feasts, with anointing for healing offered three times a year. The PCC conts'nues to seek ways in which to involve young families in the life of the church. inviting baptism families to Sunday worship, and providing age-appropriate material for the very young alongside the traditional sermon. The daytime open church policy (now Sunday to Friday) permits casual visitors to the church to find quiet place for prayer and reflection. Deanery Synod Three members of the PCC sit on the Deanery Synod. This provides the PCC with an important link between the parish and the wider structures of the church. Pastoral Care The PCC and church more widely see the lonely as a priority group for outreach, desiring to combat social isolakn'on. At Christ the King we organise a monthly Friendship Cafe as well as a Coffee, Craft & Chat drop in. At Holy Trinity the Art Club drop-in is a space for anyone but especially the lonely and vulnèrable. In turn, some Art Club members enhance the worship life of our church with original artwork. The Holy Trinity Parish Rooms continue to serve as a regular meetings venue for a number of community groups including the Old Town Toddlers and Rainbow Guides, and Christ the King hosts Rainbows, Brownies and an over-60s social club. A Pastoral Care group meets regularly to consider the needs of those in the parish unable to attend church due to sickness or infirmity. Home Communion is regularly taken to the house-bound. Mission and Evangelism During the year adults (one newly baptised) were prepared for confirmation. On Holy Saturday we gave away dozens of children's Easter booklets with chocolate eggs. The parish hosted over a thousand children and caregivers at school carol servI￿s, and held our own folk carol service aimed especially at the unchurched. A community carol service at Christ the King annually brings in people from the community, as does our choral carol service at Holy Trinity. Ecumenical Relationships The parish belongs to Churches Together in Stevenage ICTIS). This year CTIS held services for the Week of Prayer for Christian Unity, a Lent course, a Good Friday Walk ofwitnèss , and Christmas carolling.

Church attendance There are 96 parishioners on the Church Electoral Roll, 46 of whom are not resident within the parish. The average weekly attendance has been over 60 adults, including some connecting via Zoom or telephone (plus others who now view services via YouTube, which cannot be accurately counted). Financial Review Activities took place which collectively raised £828 Planned Christian Giving via our Stewardship Envelopes scheme and by bank standing order is gradually moving over to the Parish Giving Schème. Combined total of envelopes and standing orders is £51,261. £68,603 was spent in meeting our commitment to supporting the Christian ministry at Holy Trinity and Christ the King as well as our obligations to St Albans Diocese, Stevenage Deanery and Churches Together in Stevenage. A combination of generous donations, fundraising activities and extraordinary receipts amounting to £26,154 during the year still led to a shortfall of £3,814 which was covered by withdrawals from reserves. Reserrfes Policy It is the PCC policy to maintain a balance on unrestricted funds lif possible), which equates to approximately three months, unrestricted payments, to cover emergency situations that may arise from time to time. It has been our policy to invest our funds balances over and above those needed to maintain three month's payment cover, as well as a positive cash flow position, at our bank with the CBF Church of England Deposit Fund. Volunteers We continue to thank all the volunteers who work so hard to make our churches lively, welcoming and vibrant communities. In particular, we want to mention Churchwarden Mary Barton and Deputy Warden Sue Benford, and those who support them on a week-by-week basis. We also continue to thank all the other members of the PCC and sub-committee members for their valuable contribution to our ministry and keeping the church running. We have been greatly blessed by the support given during the year to the ministry in the parish by the Rev'd Canon Andy Thomas Iself-supportingl, Readers Clive Bell and Keith Battarbee, and Lay Leader of Worship Glynis Ireton, who also serves as sacristan to Holy Trinity

structure, governance and management The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. The full PCC met eight times during the year (seven normal meetings plus a short meeting immediately following the APCM to elect officers) and in addition held an awayday in June 2025. The average meeting attendance was 74 %. John Morgan, Bookkeeper Mary Barton, Churchwarden Janice Apthorpe, PCC Secretary Administrative information Holy Trinity Church is situated in the High Street, Stevenage. It is part of the Diocese of St Albans within the Church of England. The correspondence address is The Vicarage, 18 Letchmore Road, Stevenage, Herts. SG1 3JD. The Parochial Church Council IPCCI is a charity, registered charity number 1131873. PCC Members who have served from 1 January 2025 until the date this report was approved are.. Ex Officio Members: Vicar Seif-supporting Associate Ministar.. Reader.. Reader.. Rev'd Dr Ruth Carroll (PCC Chairman) Rev'd Canon Andy Thomas Mr Clive Bell Mr Keith Battarbee Wardens.. Mrs Mary Barton Vacant Deputy Warden." Mrs Sue Benford Elected Members: Repres6ntatives on th8 Deanery Synod Mr Lee Slater Mrs Glynis Ireton Mr Clive Bell Parish Representatives Mrs Janice Apthorpe Mrs Alison Baker Mrs Karen Cattell Miss Susan Fisher Mr lan Hamilton Mr Rajesh Katuri Miss Gentian Mouron-Adams Mrs Sheila Soothill w.e.f. 2310312025 w.e.f. 2310312025 Until 2310312025 PCC Secretary Mrs Jani￿ Apthorpe Approved by the PCC on Rev'd Dr Ruth Carroll (PCC Chair) 2026 and signed on their behalf by the

Parochial Church Council of Holy Trinity, Stevenage Statement of Financial Activities For the year ending 31 December 2025 UnrestriGted Fund$ Restricied Fund$ 2025 2024 INCOMING RESOURCES Volunl8ry Income Activities for generating fund5 Income from inveslrnenls Church activities Other incoming resourtrs Note 21al 21bl 21cl 21dl 21el 61,994 22,613 1,135 10,719 13,724 61,994 22,613 1,136 10,719 13,810 63,211 34,569 174 13,085 14,058 86 TOTAL INCOMING RESOURCES 110,185 86 110,270 125,097 RESOURCES EXPENDED Church activities Cost of generation of voluntary inGome Govetnance c05t5 31al 31bl 31dl 113,084 744 150 113,234 744 117,244 3,343 1,939 TOTAL RESOURCES EXPENDED 31el 113,828 150 113978 122,526 NET OUTGOINGIINCOMING RESOURCES BEFORE OTHER RECOGNISED GAINS AND LOSSES 3,643 64 3,708 2.571 Gain8 on Inv&8tm8nl as88ts'. on dispo881 on rèvaluation 19,531 NETMOVEMENTIN FUNDS 3,643 64 3,708 22,102 BALANCES BIFWD 1 JANUARY 2025 35,126 382 35,608 13,406 BALANCES CIFWO 31 DECEMBER 2025 31,482 318 35,508 Parochial Church Council of Holy Trinity, Stevenage Balance sheet at 31 December 2025 2025 2024 Note FIXED ASSETS Tangible Investment5 CURRENT ASSETS stod< Debtors Prepaym&nts Short term deposits Cash at bank and in hand 3,604 939 137 50,224 14,716 36,584 27,515 3,650 34,766 LIABILITIES Creditors- amounts falling due in one year 2,968 25,493 NET CURRENT ASSETS I ILIABILMESI 31.800 11,090 Total assets less Current Ilabllltl88 31,800 11,090 Creditors- amounts falling due aft&r one year TOTAL NET ASSETS 31,800 11,090 PARISH FUNDS Unrestricted Restricted 31,482 318 31,800 10,708 382 11,090 Approved by the Parochi81 Church Council on 12026 and signed on its behalf by The Rev'd Dr Ruth Carroll IPCC Chairman) The note$ on pog&$ 6 to 11 form part ofthe$e a¢¢ounl$.

Notes to the flnanclal statements For the year ended 31 Docember 2025 1. ACCOUNTING POLICIES The financial statements have been prepared in accordance with the Churd) Accounting Regulations 2006 together wlh applicable accounting standards and the SORP 2005. The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown al marf(el value. The financial slalements include all transactions, ass8t8 and liabilities for which the PCC is responsible in law. They do not indud8 the account8 of church group8 that owe Ih8ir main affiliation to another body, nor th088 that are informal gatherings of church m8mb8rs. Funds ResfThcted fijnds represent lal income from trusts or endowments which may be expended only on those restricted objects provided in the tems of the trust or bequest. and Ibl donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object forwhich they were given. Any balante remaining unspent at the end of each year musl be carried forward as balante on that fund. The PCC does not usually invest separatety for ea¢h fund. Where Ih&re is no $eparate investment, int&rest 1$ apportioned to individual funds on an aver8ge balance basis.There 15 Gurrenlly onty one re51riGted fund Unrpstricfed fund5 are general funds which can be used for PCC ordinary purpose5 bul rnaybe identfied for PCC designated purposes wlhin the accounts. InGorning re50urGes Planned giving. collections and donations are recognised when received. Grant8 and legaues are accounted for when the PCC is legalty entitled to the amounts due. All other income is recognised when il is r￿SIv8b18 and 18 accounted for gross. Resource5 expended Grants and donation5 are accounte(I forwhen paid over, or awarde(I, if that award create5 a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt wrth as restricted funds. All other expenditure is generally recognised when il is incurred and is accounted for gross. Fixed a$$ets Consecrated and benefice property is not included in the accounts in accordance wlh 5.9612llal of the Charitie5 Act 1993. Movabl8 church furn18hings held by the Vicar and Churchwardens on special trust for the PCC 8nd which requir& a facuhy for d18posal 8re Inalienable property. li81ed In th8 church's inventory, which can b8 Inspected lat any re88onable timel. For anything aeouired prior to 2000 there Is Insufficient cost Information available and therefore such assets are not valued In the financial statemènts. Subsequently no individu81 it&m has cost more than £1.000 so all such exp&ndilure has be&n written off when Incurred. All such assets have bèèn previously wrill&n off under this programme. The curate'5 house is held on a value linked loan with the ChurGh Commissioners. Al risks associaled wth the asset value of ownership belong lo thetn and therefore it is not included in these accounts. Equipment used within the church premises is depreciated on a straight-line basis over four years. Individual items of equiprllenl with a purchase price of £500 or less are written off when the asset is acquired. All such assets have been previously wrillen off under this programme. No investments have been made beyond the Short term deposits with the CBF Church of England Deposit Fund shown. Unrestricted Fund8 2. INCOMING RESOURCES Re5triGted Funds TOTAL FUNDS 2025 2024 Note Voluntary Income Pl8nned giving-. Grft Aid donations Tax Recoverable Other 43.564 7.797 10.833 61.994 43.564 7.797 10.633 61,994 43,799 8,783 10,628 63.211 21al Activitie5 for generating funds Collections lopen platel Donations, appeals, etc. Fund-raising croZ￿r Magazine 91al 91bl 91cl 6.680 15.104 829 6.680 15.104 829 6,720 17,931 8,052 1,887 34.569 21bl 22,813 22,613 Income from Investments HSBC Deposit Interest CCLA Deposrt Interest CBF of Churth of England Deposit Interest 323 788 24 1.135 323 788 24 146 28 174 21cl

Income from church activities Church hall lettings Fees Parish Breakfast Other 2.823 5.349 844 1.817 10,833 2,623 5,349 2,508 5,945 817 3,815 13.085 91dl Su￿To￿al 2ldl 86 86 1,902 10,719 413 Scarborough Avenue letting 413 Scatborough Avènue utililieslmaintenan(* Extoordinèry Income PAYEINIC 5,250 3,149 24,247 943 33.589 91el 12.342 1.362 13.704 12,342 1,362 Sub-ToÈal 2lel Total incoming re50urc8s 110.079 86 110164 144.628 3. RESOURCES EXPENDED Church actfjvltles Missionary and charitable giving Overseas.. Familia Moja (Part Tithed Mission) Bishop's Harvest Appeal SCIMP 2025 2024 1,749 132 10 16 26 10 16 26 Sub-ToÈal 1.893 Home.. Abbeyfield Age UK Alzheimers Society Bed8 & Herts H18toric Church&8 Trust Bridgebuilders ITilh8d Mission) DÈmenlia UK Diabetes UK Friend$ of Holy Trinity Garden House Hospice Holy Trinty PCC IhalfAge Concern Collnl Letchmore Infant, & Nursery School Mayorfs Fund RNLI Cromer Lrfeboat Station St Albans Diocesan Ordinands Fund Stroke Association The H8V8n The Oak Church (fithed Mission) The Children's Society wYmond￿Y Care Hom& 231 672 750 574 189 672 750 574 189 164 62 730 2,000 140 62 125 122 122 750 145 180 3.621 750 145 180 3,621 2,000 37 Tolal Chèff>t8bl& Giwrtg 7.422 Ministry" Diocesan Parish Share Wi(ler Church. JCCIDeanerylCTiS 68.283 320 68.603 68.283 320 68,603 66.996 310 67.306 Sub-ToÈal Other ministry costs Church running and maintenance 91f) 91gl 91gl 3.174 10.528 4,590 3.174 10.578 4,590 12.430 10.578 4.323 419 1.377 50 Parish magazine costs Printing and 8tationÈry Major renovationslrepairs Extraordinary expenditure Wages and Salaries PAYEINIC Provision forTithed Mission reapplied to PCC 91hl 891 891 7.482 8.075 1,362 4,758 113.084 20 80 7.502 8.155 1,362 4,758 113.234 4.680 7.766 943 31al 150 117.244 Fund raising costs 100 Club Parish Breakfast Oth8r 572 172 572 172 1.950 345 1.048 3.343 SutpTof81 3lbl 744 744 Govèmance Costs 1,939 1,939 SulkTotal 3ldl TOTAL RESOURCES EXPENDEO 31el 113.828 150 113978 122.526

1. STAFF COSTS Wages and salaries 41al 8.155 8.155 7.766 During the year the PCC eFnployed a parish 5eGrelaryladministrator, thurth Gleaner and Garetsker. Other small payrnent of fee5 were paid in respect of occasion81 duties perfotmed by vergers. relief organisls and sexton. Together these employees equate lo less than one full time employee. Payments to PCC members 41bl Payment5 in respect of expenses incurreil on behaw of the PCC have been paid to PCC mernbers." Rev'd Dr Ruth Carroll". Janitt Apthotpe". Mary Barton." Sue 8eDford A salary has been paid lo Janice Aplhorpe in her role as Parish Secretary 100 Club prizes have b8en paid lo. or associates of. PCC Memb8rs'. lan Hamillon., Lee Slater All payment8 ref&rr8d lo in this not8 are Includ8d under the relevant expen88 categorie8 Wrthin th8 PCC accounts.
2. FIXED ASSETS NIL
3. DEBTORS (UNRESTRICTED FUNDS 2026 2024 Prepaynents and accrued interest 3,604 939

4. LIABILITIES 2025 2024 Amounts falling due in one year lunre$tri¢ted fund$l AGGruals for ulility other Gosts Other cre(litor5 2,968 2,968 25493 25493 B. FUNDS Restricted funds are held by th& PCC until such tim& as the conditions on which th8 mon&y has been lodg8d ar8 met. Designated funds have accumulated over lim& and represent funds that have been set asidè for various purposes. The amounts remain hekj actounted as $uth unless. or until, the PCC determines that payments be made from them. RestriGted Fund movements Balantt as at 1 January 2025 Incoming resources Resources expended Balance 8131 December 2025 382 86 -150 318 318 Deslgnatsd Fund movements Balance a$ at 1 January 2025 Incoming resour(*s ResourGes expendeil Balanff al 31 December 2025 30.232 24.727 -29.053 25.906 Unrestrictedlundesignatsd Fund movements Balance as al 1 January 2025 Incoming resources Re8ourc&8 exp8nd8d Balance al 31 December 2025 4,894 85.458 -84.775 5,577 5.577 31,800 BalanGe5 at Bank as at 31 DeGember 2025 Current Account Deposit Account CCLA Restoratlon CCLA Clock CCLA Deposit 3.650 7,261 90 481 20.319 31,800 31,800

5. ADDITIONAL NOTES FOR THE PARISH Collections en late 202S 2024 General Plate Baptism Service8 Christmas S8rvicas Wedding Serviees Funeral Sèrvices oth&r Servicès 5,441.78 291.02 656.68 5,758 23 318 93.83 197.07 £ 326 295 £ 6,6BO.18 £ 6.720 Dona 2025 2024 231 132 Age UK Bishop's Ha￿eSt Appeal Bishop's Ordinands Fund Chrislingle (Fhe Children. Soaelyl ctK Carol Seftfiee Detnentia UK Diabetes UK Donation for candks Donation for Friend8 of Holy Trinity Donation for Outre8ch Donation via Easy Fundr2i8ing Donation in tnemory of Noman Apthorpe Donations Vl8 GoodBox Donations via PGS Donation for CIK Se￿Ice Book Donation for Organist Fee Donation for Sexton Fee Donation per Oak Church Donation per s8le of CaNd￿S Donation for Photocopying Donations via Wall Safe Famili8 Moia Garden House Hospiee General Donation$ Gener81 Donations- Grft Aided Historic Churches Bike n Hike JustGiving Donations Macmill8n Support PAYAZ Devi(* QR Code- Maintenan¢e QR Code- Sunday Bulletin RNLI Cromer SCIMP The Hav&n Wymondley Care Home 10.00 122.03 37 108 140 145.35 573.95 189.18 405.00 163.94 118 20.00 218 35 139.39 20.00 100.00 200.00 29.50 80.00 604.25 705 147 62.10 4.444.93 4.785.99 672.00 4.041 8.307 730 38 2.595 1.780.10 40.00 329.00 125 12 16.44 6.15 160.00 £ 15,104.30 £ 205 £ 17.931 Fund Raisin Aftemoon Te8 Balance of 100 Club Book Sales Bike'n Hike Coffee Morning Jason Lee Con¢ert Ploughmans, Lunch Christmas Fayre 2025 2024 1.374 444.00 750 423 23 2.137 1.231 2,113 £ 384.68 828.68 £ 6,062 g d Other Income 100 Club Outreach Flower Fund Sundries Wedding Deposits 2025 164.00 80.00 78.31 861.15 719.00 £ 2024 1,W6 75 218 1,902.46 £ 669 £ 3,816

Extrdordina Income Electrical safety funds from Friends of Hoty Trinity Art Club B811 Repair In$uranc& Claim- Boundary Wall Rèpair Heating Pump repair Pilgrimmage Minwan Sale of413 Scarborough Avenue Sale of piano Tithing Mission Recalled 2025 1,929.72 1,000.00 2,149.00 2024 2,996 50 1.650 2.355.26 20 19,531 150.00 4,758.26 £ 12,342.24 £ 24.247 other Minist Costs Clergy Travel Fees 413 Scarborough Avenue 2025 435.33 £ 2.739.00 2024 3,324 8,095 £ 3,174.33 £ 12,430 Church runnin Admin Outreach FlowerArranging Gener81 Maintenance Heat & Light Insurance of the Church Organ Mainl&nance Payroll Stewardship Sundries Telephone Upkeep of SeNic8s Wat&r Wedding DÈposils Used and maintenance 2025 140.87 180.00 92.82 1.371.48 4,242.81 £ 2,268.86 352.00 180.00 2024 237 180 112 1.233 4,018 2,042 336 162 22 1.473.51 957.88 £ 2,841.51 346.83 719.00 £ 1,348 3,293 305 669 £ 15,167.37 £ 14.901 2025 468.00 123.32 165.62 2024 468 266 121 164 72 285 £ Photocopier Rental Photocopier Paper Ikiet Cartridges Gen8r81 resour¢*s Postag&s Photo¢opies 14.19 119.60 £ 890.73 £ 1.377 rn 2025 2024 1,939 £ Quinquennial Inspection 1,939 Extraordlna Art Club Bèll Rapair Boundary Wall repairs Electrical Safely Cheths Heating Pump repair ox 8ndltur8 2025 469.97 2.149.00 2024 1.650 2.976 £ 2.355.26 299.99 Plaque for Candle Stand Easter ScÈnes for Children 413 S¢atborough Avenue- Value Linkeil Loan 413 Scatborough Avenue- Council Tax Lighting update5 30 24 146.11 132.33 1.949.72 £ 7,602.38 £ 4,680 2025 2,241.57 2024 2,129 Caretaker Grasscutter Organist Secretary 960.00 1.C60 4.577 £ 4.953.84 £ 8,155.41 £ 7,766 of S8rvices 2025 285.63 1,008.78 2024 Books Candles Chocolate Eggs Music Communion Wafers Communion Wine One LiTrnse Subscription Palm Crosses Zoom Subscription 107 1,157 180 717.30 283.63 236.38 134.87 19. 155.88 £ 335 134 233 2,841.51 £ 300 £ 3.293

INDEPENDENT EXAMINER'S REPORT TO THE PCC OF HOLY TRINITY CHURCH, STEVENAGE This report on the 8ccounts of the PCC for the year ended 31 DeCem￿r ?fl?4 which Set out on pageB I to 11. is in rcape¢t ol an exarninaÈSon carr￿d out ul￿er the Church Accounting Regulations 20(￿ I'the Regtslations'l and s.145 of the Charities Act 2011 1'lheAct'l. ftAspocti￿ Rgsponsibilitiee of trustees and •xamlnoT As mernbers of the PCC, you are responsi￿e for the preparation of the financrdl st2tements." you considpr th2t tl)R audit rèquiromont of tho uiaiions ana section 144121 of the Act does not apply. It ks my responsibilty t¢ issue this report on those acceunts in actordance with the terms of the RegulatK1115 Basis of this rew)rt My p.¥AminatiOn wss earrvad out in accoTd8n¢e with the Oeneial Diiviliviis given by the cnanty uommission un¢fer Section 14515llbl of theAct and to bÈ found In the Church gui(lano. 2006 edition. That examination includes a review of the accountino rÈtord8 kp.pt hy thg PCC and a comparison of Ihe 8c¢ounis wiin those record5. It also includes consKlering any unusual items or disclosures in the financial sl3lements and seeking explallatlOll5 from you as trustees con￿MIng any such rngtters. The procedures undertaken do nct pro¥ide 811 the evidence th81 bvould be ￿qUired in An sudil, and conÈèquently I nol expru2 an audit opinloii ¥f Ili¥ viehv gfven by Ine a¢counis. Independent Examin8rfs statement connection witn my examination, no matter has come to my att6nlion'. 111 which gives me reasonable cause to believe that in 8ny material ￿Spects the requirewents lo keep accounting records in 3¢¢0rdance with section 130 of the Act.. and to p￿pare finaocial statem8nts. which a¢¢or(J wrth the accountino tecords and eomply with thp requirements of the Act and the Regulations have not be&n met.. or 121 tn wh my Lyinion attg be drfjwn in orderto enabl¥ (¢ pfuper under5tsntting Of the accwnts to be reached. uaie