**St. Margarets Horsforth Annual Report and Accounts for the year ending 31[st] December 2025 Register Charity Number 1132085** ## **Aims and purposes** St. Margaret's Church is located in Horsforth, to the west of Leeds in West Yorkshire. We are a friendly Church of England parish church with many links to the local community. Our vision is: - to be a vibrant Christian community; worshipping God and being nourished and challenged spiritually - to be a body of people who welcome all and care in practical ways; and - to share the love, truth and power of God with the wider community in ways relevant for today’s world. St Margaret’s Parochial Church Council (PCC) works with the team clergy to promote the whole mission of the church; pastoral, evangelistic, social and ecumenical. The PCC is also responsible for: - ensuring legal compliance with charity law and ecclesiastical law, in particular in the areas of safeguarding, finance, HR and data protection; and - care for the church building so that it is best suited to the church's ministry and mission, including its meeting spaces and its use for the benefit of the community and public - maintenance responsibilities for St. Margarets Church and for the parish centre, which is also attached to the church and houses the parish office. ## **Objectives and activities** Our key objectives and activities are: - Regular public worship open to all. - The provision of sacred space for personal prayer and contemplation. - Pastoral work, including visiting the sick and the bereaved. - Teaching of Christianity through sermons, courses and small groups. - Taking of religious assemblies in schools. - Supporting other charities in the UK and overseas. The usual pattern of services has been maintained during the year as follows: 2 Sunday: 8am Holy Communion 10am Morning Service. The service is either Holy Communion, a Family Service or Morning Worship. Junior Church is held in the Parish Centre. Baptisms are held monthly at a separate service in the afternoon and occasionally in the main service. Wednesday: 10am Holy Communion ## **Achievements and performance** Our activities during the year were guided by our vision and values and we also considered the Charity Commission's guidance on public benefit. Key updates are highlighted below. ## Approaching an interregnum 2025 was a year of great change for our Church and for the wider Abbeylands team. In March, the congregation and wider community were sad to hear of the leaving of Revd Nigel Sinclair who had been in post as Team Rector for Abbeylands for 12 years and was a prominent and popular part of the community. We worked closely with Revd Nigel to prepare for his departure, and he arranged to work a longer notice period than normal to allow critical building works at St. Margaret’s to get underway. We finally bid him a fond farewell at the end of August 2026. From September, talk turned to recruitment. The Diocese visited to discuss arrangements as well as future plans for a review of the current pastoral scheme, and with the agreement of all PCCs across the Abbeylands team, recruitment commenced for a Priest-in-Charge for Abbeylands. Interviews took place in December, following which it was happily announced that Revd Chris Clayton had been appointed to start in early 2026. ## Worship The Worship Committee met 4 times during 2025. Revd Sinclair attended and chaired the first 2 meetings (in February and April). The other 2 meetings (in November and December) took place during the vacancy and were chaired by Graham Fergusson. At the 1st meeting, detailed information was provided on issues related to church fabric, forthcoming special services and non-confirmed children taking communion. The first 2 of these 3 matters were revisited at the 2nd meeting, where arrangements for Revd Sinclair’s departure and the subsequent vacancy were outlined. Returning to the use of the chalice was also raised. At the 3rd meeting, the committee discussed how it saw its role within the life of the church. This included practical matters such as the selection of hymns and the drawing up of rotas for intercessions, readers and chalice assistants, but also reviewing past services, making recommendations and having input into the selection of the new incumbent. At the 4th meeting, the procedure for hymn selection, with each of the Sundays in the following three months being allocated to one committee member or officiating minister, was agreed. The procedure for the drawing up of rotas was also clarified. Perhaps most significantly, ideas and recommendations for the forthcoming Christmas services were invited, discussed, and, where practicable, subsequently implemented. ## Building The Building Committee of the PCC is responsible for ensuring that the church and Parish Centre buildings and grounds are well maintained, and for responding to any issues that arise. Every five years we are obliged to commission a detailed inspection by our Architect. This is known as the Quinquennial Inspection (QI) and was last done in 2023. The QI report would normally form the basis of the Building Committee's “to do” list for the next few years, but the inspection was done at a time when investigations were on-going to find the cause of cracks which had appeared in the reredos and the marble steps leading to the high altar. Cracks were first noticed in August 2022, a month after work had started on a £73,000 contract to restore the organ. Since then, investigations to find the cause of the sinking floor, discussions on possible solutions, conversations with EIG, our insurers, clearing the church for work to begin, and letting contracts for the restoration has dominated the Building Committee agenda, to the detriment of other work. Our insurance claim was refused in November 2022 and St Margaret's had to fund around £50,000 of investigative work. The August 2023 Building Committee minutes report a very serious situation: “If EIG do not accept liability then the cost of the necessary work is beyond the means of St Margaret's and we would have to look at how much we could raise from fundraising and grants to do the minimum to keep St Margaret's open as a place of worship. This may involve screening off the chancel or bricking up the chancel arch” 4 But in September 2022, EIG finally accepted liability and we could move forward with some certainty. Investigations were concluded, a solution agreed, then the front of church had to be cleared, the organ completely removed, and the reredos secured with scaffolding prior to being dismantled stone by stone. The removal of the reredos was completed in July 2025. Contractors came on site in October 2025 to start the restoration. The first task was to take up the marble floor and clean the tiles so they could be reused. This took longer than planned as the tiles were fixed with a very strong bonding which resulted in some of the tiles cracking or shattering. Once the floor was completely removed contractors dug down half a metre across the chancel, before fixing steel beams across the chancel to support a new concrete flooring on top. Then back goes the marble floor, the reredos, the organ and the carpet! During 2025, major work was also completed to install new floodlights and to repair the roof and a fractured drain, both repairs being identified in the QI. Minor repairs were made to doors in the Parish Centre and in church, to walls at the South Porch steps and near the boiler house, to external lighting at the West end of church and in the Link, and to fittings in the Parish Centre kitchen and toilets. In 2026, the Committee's priorities are to clear the church gutters and drainpipes, which may solve the problem of water ingress at the back of church and in the Link, to investigate and resolve a leak above the organ chamber (which must be done before the organ can be restored as the last phase of the restoration programme) and to replace the broken paving in the courtyard. Consideration must also be given as to how we reinstate the South side parking area once the restoration work is completely finished and the containers removed. ## Children and young people ## _St Margarets Church of England Primary School_ The vicar is an ex-officio foundation governor and holds a permanent position on the governing board. The school holds its Harvest Festival and Christmas service in church. The vicar (and curate when in place) holds occasional assemblies at school. Individual year groups occasionally visit church in order to learn about particular services, such as baptisms. ## _Junior Church_ Junior Church was held on 32 Sundays throughout the year. The average attendance was seven children with a minimum of one and a maximum of seventeen. The age range stretched from preschool to young teenagers with the majority around seven to eleven (key stage 2). The relevant 5 parts of the Bible were revisited before Christmas and Easter. Samuel, Psalms, Kings (1 and 2) and Proverbs were also studied. Brought to life through craft, drama and (occasionally) silly games. Junior Church organised the Nativity play in a Sunday service before Christmas. Combining with Little Rockets and with help from parents and carers, a Christmas party was arranged for the children in the church family. 2025 was the first year in which St Margaret's offered first communion ahead of confirmation. Junior Church was involved in preparing the children for first communion by working through the theology at a suitable level. ## _Uniformed organisations_ During the year, St Margaret’s continued to be linked to a number of uniformed organisations including Rainbows, Brownies, Guides, Beavers, Cubs and Scouts. ## Work in the local community ## _Parish centre_ Since the pandemic, the community impact of St Margaret’s has hugely increased and continues to be a key focus for us. During 2025, the church and parish centre were well used by a variety of community groups such as Leeds Symphony Orchestra, Horsforth Choral Society, Road to Recovery, uniform groups as well as regular sessions including the Community Café on Mondays, Little Rockets children’s group on a Tuesday in term time, and Natter Café on Thursday morning. We are an active member of Horsforth as a Town of Sanctuary hosting regular evenings for both asylum seekers and Ukrainian refugees. ## _Horsforth Community Assets Project (HCAP)_ During 2025, Horsforth Community Assets Project (HCAP) continued to deliver the churches community work including the Community Cafe, Natter Cafe and support of the Ukrainian Support Group. As part of the Leeds Community Anchor Network (LCAN), HCAP also delivered funding into the area including the Household Support Fund, Listening Project and we are the local coordinator of Welcome Spaces. Unfortunately, HCAP was unsuccessful in obtaining grant funding for staff costs to continue to manage the project and in October the committee approved the dissolution of the group. St Margaret's Church is supportive of the work continuing under a new independent charitable organisation which is being co-founded by Claire Evans and Kezia Roberts so that Horsforth can continue to benefit from the city-wide relationships and funding available to our community. The Natter Café (on Thursday mornings) and the Community Café (on Monday mornings) continue 6 ## to be run under the auspices of the Mothers Union and St Margarets Church respectively. ## _Horsforth Churches Together_ Following the departure of the incumbent, Amanda Bradley and Judy McDonnell were identified as regular attendees to meetings of Horsforth Churches Together, a neighbourhood initiative with other local churches. Regular events and initiatives in 2025 included school assemblies available to every Year 4 and 5 child in Horsforth (Open the Book, Rewind to Christmas and Rewind to Easter), Farmers Market and Carols in the Park. We look forward to continued partnership working with Horsforth Churches Together in 2026, including supporting the programme of services in local care homes. ## Safeguarding St. Margaret's takes its responsibility for safeguarding seriously. The PCC has complied with the duty to have “due regard” to the House of Bishops’ guidance in relation to safeguarding and all the actions recommended, including the recent one for PCC members to be aware of the social media guidance, have been carried out. All PCC members and those working with children and vulnerable adults have been DBS checked and appropriately trained. This is an ongoing triennial process for the volunteers and continues to include providing face-to-face training sessions, particularly for Afternoon Tea volunteers. These sessions are supervised by Amanda Bradley, our Safeguarding Administrator. During our recent clergy vacancy, our Parish Safeguarding Officer, Rozel Daltrey, and Amanda Bradley, who is also one of our Church Wardens, have continued to meet regularly to monitor and action our safeguarding practice as required. With the ending of the HCAP Project, some confusion arose as to the governance and safeguarding status of two groups. These have now been resolved (Thursday Natter Cafe) or are in the process of being resolved (Monday Community Cafe). We continued to work through the stages of the online CoE ‘Safeguarding Dashboard’, which helps guide us through the changing requirements of safeguarding and produces a ‘Safeguarding Action Plan’ for every PCC meeting. Our new Team Rector, Rev. Chris Clayton, came to his first safeguarding meeting with us on 5[th] March 2026 and has been updated as to our overall situation and planning. No safeguarding incidents were reported to the PCC in 2025. 7 ## Charitable giving During 2025, the PCC made a £1000 donation to Sand Dams, an overseas charity which supports some of the world's poorest people by helping them to transform their own lives through water and soil conservation in drylands. The PCC additionally gave £1000 donations to: - St George’s Crypt, a Christian charity working to support the homeless in Leeds; and - Martin House, a hospice in Leeds caring for children and young people. ## Deanery Synod Linda Jepson and Joanne Hoare are the elected deanery representatives for St. Margarets. [Three lay representatives are due for election at the APCM for a term of July 2026 to June 2029]. A summary of activity for the year is presented below, as prepared by Deanery Synod. North West Leeds Deanery Synod met 3 times over the last year: **1. June 2025 Meeting at Holy Trinity Boar Lane** Jonathan Wood, Diocesan Secretary was guest speaker. He explained his role in ensuring that the mission, financial sustainability and the strategy of the Diocese are served by exemplary financial management, excellent administration and people management and effective governance. He described how he and the Diocesan Team work with the Bishop and his team to equip and resource laity and clergy to carry out the Mission of the Church sharing the good news of Jesus in their communities. Jonathan also explained the process for the appointment of a new Diocesan Bishop under the vacancy in See Regulations 2024. He stressed the importance of responding to consultation exercise that was to take place in the Summer and continuing to pray for the process. It is hoped that the new bishop will be announced in Summer 2026 and join the Diocese in Autumn 2026. **2. October 2025 Meeting at St Chad’s Far Headingley** Siobhan McNamara, one of the Diocesan Safeguarding Advisor, came to the meeting. She explained how the safeguarding teams works and interacts with a wide range of other organisations, and the support available for safeguarding training and parishes. She also outlined the journey undertaken in dealing with case management. Parish Safeguarding Officers were invited to attend this session. Alex Burbidge, the Diocesan Growing Faith Lead for the Children, came to talk to the meeting about the Growing Faith Foundation. This is part of a national education team supporting the Growing Faith movement. The movement puts children, young people and families at the heart of all the mission and ministry of the Church by changing the culture of the Church of England. 8 ## **3. March 2026 Meeting at Otley Parish Church** The focus of this meeting was church growth. Revd Paul Maybury talked about how the congregation had grown at Leeds Minster and Revd Phil Harris talked about growth in Morley. A paper was also shared on the Quiet Revival. These talks were followed by a time of prayer for our parishes. As part of delivering our Deanery Synod Vision 2024-2026 over the last year: - Churches were enabled to run ‘Try Praying’ as a whole Deanery, achieving greater impact and cost savings - There have been regular reports on items being discussed at Diocesan Synod. - Volunteer role descriptions have been gathered to be shared and a template produced for producing volunteer agreement forms to comply with Safer Recruitment. There were 2 Leeds Episcopal Area Forums meetings to which all members of Deanery Synod are invited. One focused on Identity and Race and the other on Sudan and its Church. ## **Financial Review** Please refer to the Treasurers Report. ## **Reserves Policy** The policy of the PCC is to attempt to maintain a reserve of unrestricted funds equivalent to six months’ normal expenditure, in order to smooth out fluctuations in cash flow and to meet emergencies. Please see annual accounts for the 2025 position. ## **Risk management** The PCC worked with the congregation to refresh the parish profile in December 2025. Risks identified at this time were: - Ensuring the church (congregation, finances and building) is sustainable into the long term. - Finding enough people to do this: we have an aging congregation and need more volunteers to fill positions in the church. - Helping people adjust to change (in view of the then vacancy). ## **Plans for future periods** In July 2025, the Diocese of Leeds consulted on ‘suspending the patronage’ for the Abbeylands team, to support more flexible recruitment of a ‘priest-in-charge’ in advance of a planned consultation to the current pastoral scheme. This suspension was agreed by all PCCs across the team. A public 9 ## consultation on the pastoral scheme is expected to take place in 2026. In December 2025, the Parish Profile for St Margarets was refreshed to support recruitment activity. The PCC prepared a noticeboard setting out key questions answered in this profile to check for gaps and test which suggested areas of focus were most supported by the congregation. This noticeboard was available for a period of 4-5 weeks. All areas of focus received some support, with votes ranging from between 18 and 34 votes per question. Areas receiving the most votes included: - Rebuilding the musical heritage of the church, including the choir, finding an organist, but also other forms of more modern musical worship. - Making the church (congregation and building) of even more service to the community - including social events, fundraising and community work. - Growth initiatives, especially for bringing more young people and students into the church and then supporting their needs (e.g. youth worker) - Increasing opportunities for people to learn about, and develop, their faith (such as visitor teams for outreach). Following the successful appointment of Revd Chris Clayton as Team Rector (Priest-in-charge), this feedback will inform focused work on the vision for St Margarets during 2026. ## **Structure, governance and management** ## Constitution of the PCC The Parochial Church Council (PCC) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is a Registered Charity (see ‘Administrative Information’ for details of charity registration). ## Organisation The PCC meets at least 4 times (i.e. once a quarter) to carry out its aims and objectives. Towards the end of the year, the PCC moved to more regular meetings to strengthen leadership during the interregnum period. In total, the PCC met 6[1] times in 2025, in addition to the ACPM in May 2025. ## Appointment of members Appointment to the PCC is governed by and set out in the Church Representation Rules (see > 1 Ordinary PCC meetings were held in January 2025; February 2025; Mach 2025; July 2025; September 2025; November 2025. An extraordinary meeting was additionally held in November 2025 to discuss the vacancy.. 10 ‘Administrative Information’ for details of membership during the year). We elect a third of our membership of the PCC every year and they serve for three years. For 2025, and due to a reduced Electoral Roll of under 100 applicants, the PCC had a total elected membership of nine members. There is an expected provision for 12 elected PCC members in 2026. ## Committees The PCC operates through a number of committees, which meet at least once a year and report back to full meetings of the PCC. The following committees continued to meet during the year: _Standing Committee:_ makes decisions, if required, between regular PCC meetings and also draws up PCC agendas. _Building Management:_ oversees the maintenance of the Church and Parish Centre. _Finance:_ draws up the budget and, under the guidance of the Treasurer, oversees the financial affairs of St. Margarets. _Worship:_ discusses and plans worship. The following committees were on pause during 2025 due to the forthcoming vacancy and ongoing building work: _Environment:_ developing and implementing an environment policy, promoting climate action and working towards the Church of England target of net zero by 2030. The following committee met during the year but was stood down from [October 2025] upon closure of the Horsforth Community assets Project: _Horsforth Community Assets Project:_ Oversees the non-confessional community work of St. Margarets Church. ## Related Trusts or Charities None to report. ## Policies and procedures The PCC ensures appropriate policies and procedures are adopted for the recruitment, induction and training of PCC members. During the year, PCC members undertook training for safeguarding and first aid. Further detail on Safeguarding has been set out under ‘Achievements and Performance’. 11 ## Pay arrangements No trustees receive any remuneration, payments or benefits from the charity. ## **Administrative information** ## General St Margarets is part of the Abbeylands team, formed in June 2011, comprising the parishes of Hawksworth Wood with Moor Grange, Horsforth and Kirkstall. Until the end of August 2025, the Revd Nigel Sinclair was Team Rector with specific responsibility within the Team for St. Margarets. From September until the end of the year, St Margarets was managing a vacancy, with Revd Chris Clayton successfully appointed to the post of Team Rector in December 2025. Revd Clayton was licensed in February 2026. ## Charity Registration ‘The Parochial Church Council of the Ecclesiastical Parish of St Margaret, Horsforth’ has been registered with the Charity Commission of England Wales since 20092 (Charity Registration: 1132085). The address for correspondence is: St Margaret's Church, Church Road, Horsforth, West Yorkshire, LS18 5LA. ## Electoral Roll The parish’s Electoral Roll prepared for the Annual Parochial Church Meeting in May 2025 was a refresh of the roll. 97 people were listed on the Roll for 2025, with 22 new names added and 57 names removed. This is expected to increase for 2026. ## Membership of the PCC Members of the PCC may be ex-officio, elected by the Annual Parochial Church Meeting, or coopted for a specific role. During 2025, the following served as members of the PCC: > 2 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET, HORSFORTH, LEEDS - 1132085 12 **End of term Notes** **Role Name** |**Role**|**Name**|**End of term**|
**Notes**| |---|---|---|---| |Incumbent:|Revd Nigel Sinclair||Resigned from office from 31| ||||August 2025.| |Churchwardens:|Amanda Bradley||Churchwardens served as| ||Joanne Hoare||co-chairs during the vacancy.| |Deanery|Joanne Hoare|2026|| |Representatives:|Linda Jepson|2026|| |Elected|Diane Childs|2028, 2nd|Elected for 2ndterm in May| |members:|||2025.| ||John Porter|2028, 2nd|Elected for 2ndterm in May| ||||2025.| ||Amanda Bradley|2026, 1st|| ||Justin Ware|2026, 1st|| ||Maggie Ware|2026, 1st|| ||David Bradley|2027, 2nd|Resigned November 2025.| ||Judy McDonnell|2027, 1st|| ||Julie Hart|2027, 1st|| ||Daryl Kelly (Treasurer)|2027, 1st|| |Co-opted|Andrew Paterson||From July 2025, to retain| |members:|||building knowledge.| ||Fiona Pearson (Secretary)||From July 2025| Day-to-day management is delegated to the incumbent. This responsibility was assumed by the Churchwardens during the vacancy. ## Other The appointed independent examiner is Walker Taylor Accountancy Services Ltd. ## Date of approval Approved by the PCC via correspondence on 13 May 2026 and signed on its behalf by the Chair of the meeting. ## **Revd Chris Clayton** 13 St. Margaret's Church, Horsforth Registered Charity Number 1132085 Accounts for the Year Ended 31st December 2025 St. Margaret's Church, Horsforth Registered Charty Number 1132085 Financial Statements for the Year Ended 31st December 2025 STATEMENT OF FINANCIAL ACTIVITIES 2024 Notes Unrestricted Restricted Endow. Funds Funds ments 2025 Incoming Resources 131,119 Voluntary income 81,210 Church activities 39,2T9 Activiti'es for generating funds 13,189 Investment income 264, 797 Total Incoming Resources 52,849 3,034 40,541 7,797 104,221 39,176 47,043 92,025 50,077 40,541 7,797 190,440 86,219 Resources Expended 177,945 Church activities 84,181 Church njnning costs 8,949 Parish Centre costs 3T Costs of geneTaling funds 271,112 Total Resources Expended 136,398 52,887 8,631 25 197,941 54,489 33,11JO 190,887 85,987 8.631 25 285,530 87,589 {6,315) Net movemenl in funds (93,720} {1,3711 195.0911 448, 746 Balances brought forward on1 January 442,431 Balances carried forward on 31 December 203,197 109,477 238,900 237,529 335 335 442,432 347,341 St. Margaret's Church, Horsforth Registered Charity Number 1132085 Financial Ststements for the Year Ended 31st December 2025 BALANCE SHEET AT 31 DECEMBER 2025 Total 2024 Notes Unrestricted Restri￿ed Endow- Funds £ Funds £ ments £ 2025 TANGIBLE FIXED ASSETS 517T2 Church equipm8nl 51.772 46,722 46,722 46,722 46,722 CURRENT ASSETS Cash at Bank and in Hand 146,6N CBF general account 721.551 Virgin Money current account 34.236 Virgin Money Horslorth Communlty Action Pricl 1,545 Loan 85 guarantor B5,673 United Trust Bank 384 Flowei Fund and Tea Party 120 Cash & theques in hand 390,Q53 146,604 146.604 31.356 33.280 37,021 335 2.2 2.3 33,280 1,545 28,438 57,175 470 85.613 470 120 298,988 2.4 120 61,124 237,529 335 Debtors 596 Gift Aid repayments du& from HMRC Parish Centre letting fees due 520 520 596 1,631 Current Liabilities PAYE and pension Creditor ￿ parish centre ￿thng$ Coilections fcK charities Totsl Liabilities 390,649 CURRENT ASSETS 62,755 237,529 335 300,619 442,437 TOTAL NET ASSErs 109,477 237,529 335 347,341 Approved by the Parochial Church Council on 21 April 2025 and signed on its behalf by: Rev Chris ClaTrton D Kelly Treasurer v￿ar Margaret's Church, Horsforth Re8istered Charity Number 1132085 Financial Statements for the Year Ended 31st December 2025 INCOMING RESOURCES 2025 2024 Unrestricted Restricted Funds Funds Total 2025 Voluntary Incon 33,909 Gift Aided gimng 6,136 Other planned giving 5,844 Open plate collecbons 72,855 Donations, grants & legaues 12,375 Gift recovered 131,179 32,277 5,546 5,079 1,126 8,821 52,849 32,277 5,079 40,302 8,821 92,024 39,IT6 39,176 Church Activities Fees for weddings and fvnerals Insuran￿ claims Horsforth Climate Action Community CafélHCAPIPanty ower Fund and Tea Party 1,705 3,034 3,034 20,966 57,082 1,457 81,210 16,071 29,629 1,343 47,043 16.071 29,629 3,034 50,077 Activltles for Generating Funds 28,437 Letbng fees from Parish Centre 7,877 Events and con￿rtS in church 988 Other fundraising aclivitses 2,038 otgem re ground source heating 39,279 26,467 12,035 26,467 12,035 2,039 40,541 2,039 40,541 Investment Income Interest & dimdends 73.189 13.189 7,797 7,797 7,797 7,797 264,797 Totsl Incoming Resources 104,221 86,219 190,440 St. Margaret's Church, Horsforth Registered Charity Number 1132085 Financial Ststements for the Year Ended 31st December 2025 RESOURCES EXPENDED 2025 2024 Notes Unrestrleted Restricted Funds Funds 2025 Church Activities Parish share of dio￿an costs Team Counal & olher dues Fèes paid for weddings and fvnerats Services & pastoral Music, ch(Nr & organist OffiTr & admini5tral Phoiocopying & printing Grants & donations made Bank charges Events & con￿rtS in church Horsforth Climale Action Community CafélHCAPIPanlry Flower Fund and Tea Party 94237 535 482 2,155 2,129 15,115 1, 115 5,914 95,641 1,747 292 3,220 1,913 27,963 1,580 3,000 95.641 1.747 292 3,220 1,913 27,963 1,748 4,748 419 18,471 35,432 1,343 177945 1,041 1.041 20.733 30,585 1,423 190,887 20.733 30,585 1,423 54,489 136,398 Church Running Costs Gas Ekcln(Ily Water Insuian Storage garage Tentsl General maintenance Caretaking & cleaning Building & rdaled wor Equipment & improvements organ tuning & iepai15 Depreciation of church equipment SutTdry payTnents 78,686 3,079 14,388 9,151 132 7,613 673 7,265 6,830 14,388 9,151 132 7,613 673 7,265 6,830 33,100 1,785 6,492 655 987 6,092 41,857 337 33.100 1,785 5,995 5050 5.050 84,181 52,887 33,100 85,987 Parish Centre Costs Heating. maintenance & ￿ministration Equipment & improvements 8,949 7,971 660 8,631 7,971 660 8,631 8,949 Costs of Generating Funds Other frjnd-raising event costs 37 37 25 25 25 25 271,112 Total Resource5 Expended 197,941 87,589 285,530 St. Margaret's Church, Horsforth Registered Charity number 1132085 Notes to the Annual Accounts 2025 1. ACCOUNTING POLICIES Basis of Financial Statements The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006, in accordance with applicable accounting standards and the 2016 version ofthe Statement of Recommended Practice, Accounling and Reporting by Charities (SORP(FRS102}1. The financial statements have bèen prepared under the historical cost convention. The statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their affiliation lo another body, nor those that are informal galherings of church members. Fund Accounting Unrestricted funds are income funds which can be spent on the general purposes of the PCC. Reslricted funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific PCC activity intended by the donor. Where these funds have unspent balances. interest on their pooled investment is apportioned to the individual funds on an average balance basis. Designated funds are general funds set aside by the PCC for use in the future for specrfic projects or purposes. They remain unrestricted and the PCC may move any surplus to other general funds. Endowment funds are funds of which the capital must be retained either pem)anently or at the PCC'S discretion. The income derived from the endowment is to be used either as restrtcted or unrestricted income funds, depending on the purpose for which the endowment was established in the first place. Incoming Resourcos Planned giving, collections and similar donations are recorded when re￿ived. Tax refunds are recognised when the incoming resource to which they relate is re￿ived. Grants and legacies are accounted for when the PCC is entitled to the use of the resources, their ultimate receipt is reasonably certain and the amounts due are readily quantifiable. Dividends are accounted for when declared re￿1v¥bEe, interest as and when accrued by the payer. All incoming resour￿8 are accounted for gross. St. Margaret's Church, Horsforth Registered Charity number 1132085 Notes to the Annual Accounts 2025 Resources Expended Grants and donations by the PCC are accounted for when paid over or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share expeded to be paid over is accounted for when due. All other expenditure is generally recognised when it is incurred and is accounted for gross. Fixed Assets Consecrated and benefiGe property is not included in the a¢counts, in accordance with sections 10(2)(a) and (c) of the Charities Act 2011. Movable church furnishings that are held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property. A register is currently being Compiled of the church's inventory. This is the eighth year that the chur¢h equipment has been depreciated. A rate of 200h of the reducing balance has been adopted. 2. NOTES ON THE BALANCE SHEET 2.1 Church equipment is valued after depreciation, as shown in Section 8 below. 2.2 A separate bank account continues to operate to manage the income and expenditure relating to Horsforth Community Action Project and the Community Café. The Horsforth Community Action Project ceased to operate with effect from 30 November 2025. 2.3 St. Margaret's loaned a returnable depostt as guarantor for a rented house. 2.4 Petty cash float £120. 3. INCOMING RESOURCES 3.1 Donations received include an anonymous grft from a parishioner of £34,380 and a legacy of £2,500. 3.2. Administrative support to Horsforth Climate Action ceased on 30 September 2025. During the period £8000 was received to fund group activities and £8,071 to cover the support worker's salary and associated costs. 20 St. Margaret's Church, Horsforth Registered Charity numtser 1132085 Notes to the Annual Accounts 2025 3.3 Community Café activities continue. Horsforth Community Asset Project ceased to receive funding during 2025 and will be replaced by a new Community of Interest which will operate independently from the PCC. HCAP Income and ExpendlturÈ Atcount A5 at 31 December 2025 INCOME b/fwd 2024 Household Support grant for Food and Fuel Welcome Spaces grant income Leeds 2023 grant income ABCD Grants ABCD Celebration Event Allocation ABCD Expenses allocation Leeds Together Fund Leeds Community Anchor Network grant Grants reallocated Other Admin element of pantry Community Pantry (Food) Community Café 34.236 10,500 6.800 2,000 150 1,140 4,840 156 4,044 29,629 EXPENDITURE Household Support Ifood vouchers, food, ovens) Welcome Spaces Ichurches and Community spaces) ABCD lincluding Town of Sanctuary. Friends of Hall Parkl ABCD CelebrationEvent ABCD Expenses Leeds Together Fund Natter Café Grant5 reallocated Other Community Café Community Pantry (Food) Community Pantry (Food) - balance transfer to Admin 13,048 4,825 2,700 1.232 1,000 -116 2,932 124 4,840 30,585 c/fwd 2025 33,281.01 St. Margaret's Church, Horsforth Registered Charity number 1132085 Notes to the Annual Accounts 2025 3.4 The entry in respect of Ofgem is in respect of the feed in tariff received from Ofgem for the ground source heating in the Parish Centre. This amount is credited to the Long Term Reserve account. 4.RESOURCES EXPENDED Grants and Donations - during the year Ihe following donations were given out Sand Dams Intemational £1,000 Martin House Childrens. Hospi £1,000 St George's Crypt Leeds £1,000 Total Money raised for restricted purposes through funeral collections, raffles and special appeals is not included in these accounts Staff Costs are included in the accounts as parts of the relevant major costs. We employed seven part-time staff during the Course of the year: two church administrators, one church caretaker. one Parish Centre cleaner, one technician, a support worker for Horsforth Climate Action and an administrator for Horsforth Community Action Project. The total employment costs for the year were £50.370 Payments to members of the Parochial Church Council No members of the PCC received any remuneration in the year to 31 December 2025. 5. RESTRICTED FUNDS 31 Dec 2024 £350 £430 £735 Fund Title Lad Cha el Gates Fund Flower Fund and Tea Part Parishioner renlal fund 31 Dec 205 £350 £470 £735 Total 22 St. Margaret's Church, Horsforth Registered Charity number 1132085 Notes to the Annual Accounts 2025 6. ENDOWMENT FUNDS 31 Dec 2024 Fund Title The Bells Fund, the HH Newton Fund, the H Hutchinson Memorial Fund and the H Cla on Memorial Fund 31 Dec 2025 £335 £335 7. DESIGNATED FUNDS Unrestricted funds set aside in 2016 by the Parochial Church Council for specific purposes= _ Funds used in the (credited) in the year £7,265 £1,000 Fund Title January 2016 1 January 2025 31 December 2025 Building Fund Outreach and Mission Fund £200.000 £100,000 £324,476 £ 87,173 £317,211 £ 86,173 Long Temi Resetve Total designated reserve fvnds £100,000 £400,000 £ 55,432 £467,081 (£2,039) £6,226 £ 57,471 £460.855 FIXED ASSETS Tangible Flxed Assets (Unrestricted) Depreciation of church equipment is charged at 200h of the net book value at the start of the year and additions during the year. The ground source heating for the Parish Centre will be depreciated over 20 years. Ground Source Heating Church Equipment Total Cost At 1 January 2025 Addttions during the year 31 December 2025 49.243 147,731 196,974 49,243 147,731 196,974 Depreciation At 1 January 2025 Charge for the year Total lo 31 December 2025 10,411 2,462 12,873 134,791 2,588 137.289 145,202 5,050 150,162 Net Book Value At 31 December 2025 36,370 10,3S2 46,722 At 31 December 2024 38,832 12,940 51,772 St. Margaret's Church, Horsforth Registered Charity number 1132085 Notes to the Annual Accounts 2025 9. RESERVES The policy of the Parochial Church Council is to attempt lo maintain a reserve of unreslricted funds equivalent to six months, normal expenditure. in order to smooth out fluctuations in cash flow and to meet emergencies. At the end of 2025 the unrestricted funds available provided a reserve well in excess of the target. 24 PAROCHIAL CHURCH COUNCIL OF ST. MARGARET'S CHURCH, HORSFORTH Independent Examinerfs Report to the members of St Margaret's Church, Parochial Church Council l ￿port on the accounts for the year ended 31 December 2025 which are set out on pages 1 10 10. RESPECTIVE RESPONSIBILITIES OF PCC AND EXAMINER The mernber5 of the PCC are responsible for the preparation of the accounts and they consider that an audit is not required for this year under sectson 144121 ot the Charities Atl 2011 Ilhe 2031 Act) and that an independent examination is required. 11 is my responsibility to.. Examine the accounls under section 145 of the 2011 Act., Follow the procedures laid down in the General DIrect￿nS given by the Charity Commissioners section 14515llb) of the 2011 Act., and Stale whether particular matters have come to my attention. BASIS OF INDEPENDENT EXAMINER'S REPORT My examination was carried out in accordance with the General Direcb'ons given by the Charity Commission. An examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those of the records. It also includes consideration of any unusual items or disclostjres in the accounts and seeking explanations from the managing committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be reqUI￿d in an audit. and consequendy I do not express an opinion as to whether "a true and fair view. is given by the accounts and the report is limited to those matters set out in the statement below. INDEPENDENT EXAMINER'S STATEMENT In connection with my examination, no matters have come lo my attention.. {1) which gives me reasonable cause to believe that in any material respect the requirements lo keep accounting records in accordance with s. 130 of the 2011 Act.. or to prepare accounts which accord with the accounting records and comply wilh the accounting requirements of the 2011 Act have not been met". or 12) to which, in my opinion, attention should be drawn in order to enabk a proper understanding of the accounts to be reached. Jenna Taylor FMAAT FCCA Walker Taylor Accountancy se￿ices Ltd Presli9e Court Beza Rd Leeds LS102BD Dated.. 211t April 2026 25