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2025-12-31-accounts

Registered Charity no. 1132563

The Parochial Church Council Of The Ecclesiastical Parish Of St. Stephen, Tonbridge

Known as St Stephen Tonbridge

Trustees' Annual Report and Accounts

Year Ended 31st December 2025

St Stephen Tonbridge

Year Ended 31st December 2025

Contents Page

Page
Legal and Administrative Information 1
Trustees' Annual Report 3
Independent Examiner's Report 8
Statement of Financial Activities 9
Statement of Financial Position 10
Statement of Cash Flow 11
Notes to the Financial Statements 12

St Stephen Tonbridge

Year Ended 31st December 2025

Legal and Administrative Information

Reference

The Charity is called “The Parochial Church Council Of The Ecclesiastical Parish Of St Stephen Tonbridge”. The Parochial Church Council is known as the PCC for short. Other names which are used for the charity are "St Stephen, Tonbridge". The Church is registered with the Charity Commission for England and Wales and was registered on the 19 February 2009. Before this the church was excepted from registration.

Registered Charity Number

Registered Charity Number 1132563 Registered Office 37 Waterloo Road Tonbridge TN9 2SW Incumbent The Reverend M. Barker Website ststephens.org.uk Primary Bankers The Co-operative Bank 1 Balloon Street Manchester M4 4BE Independent Examiner Nigel Wyatt BSC FCA Wyatt & Co Chartered Accountants 125 Main Street Garforth Leeds LS25 1AF

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St Stephen Tonbridge

Year Ended 31st December 2025

Legal and Administrative Information

Trustees and members of the PCC

The Parochial Church Council (PCC) Members are elected or co-opted by the Annual Parochial Church Meeting in accordance with the Church Representation Rules 2020 or are ex-officio. The following people served as members of the PCC for all or part of the year.

Ex Officio
Incumbent & Chair: The Reverend Mark Barker
Associate Vicar: The Reverend Miriam Barker
The Reverend Philip Sheldrake From Sept 2025
Wardens: Mrs Glynis Hubble
Mr Jonathan Stephens
Deanery Synod Members: Mrs Edith Wills
Mr Christopher Mileham
Elected Members
Elected Lay Representatives: Mrs Cathi Fredricks
Mr Matthew Lake Until APCM 2025
Mrs Kate Naylor Until APCM 2025
Mr Tom Price Until APCM 2025
Mr Richard Strawson
Mr Darrell Sykes
Mr Mark Thomas
Mrs Wendy Fenn
Mr Michael White
Mrs Annemarie Roberts From APCM 2025
Until Jan 2026
Mr Daniel Woodthorpe From APCM 2025
Mrs Sabrina Taylor From APCM 2025
Also in attendance: Mrs Isabel Plimmer – PCC Secretary
Mrs Rachael Plowman – Church & Finance Manager
Mrs Helen Noble - Minute Secretary
Mrs Lynn Hams – Treasurer

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St Stephen Tonbridge

Year Ended 31st December 2025

Trustees’ Annual Report

The Legal Bit

The PCC is a charity which was excepted from registration under Statutory Instrument 2002 No. 1598 “The Charities (Exception from Registration) (Amendment) Regulations 2002”, and in 2009 was registered as a charity under Charity Number 1132563.

The function and purpose of the PCC is outlined in the Parochial Church Councils (Powers) Measure 1956.

Members of the PCC are either ex-officio (by right of office) or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules 2022.

The PCC met 6 times during the year, and its subcommittees, known as Resource Support Groups (RSGs) also met regularly. Each RSG reported to either PCC or the Standing and Resource Group on the activities of their group at some point during the year. The Chair of the Safeguarding RSG reported to each PCC meeting either in person or by written report.

Standing & Resource Group

This is the Standing Committee and as such has the power to transact the business of the PCC between its meetings, subject to any directions given by the PCC. It monitors reports from the Heads of Fabric and Finance and from the other RSGs. Isabel Plimmer (Operations Manager) chairs this RSG.

Mission Action Group

The Mission Action Group oversees and advises the PCC on selection and support of mission partners and the allocation of our mission tithe. Lynn Hams chairs this RSG.

Human Resources Support Group

The HR RSG oversees and advises the PCC on all aspects of HR relating to the church, including the employment and pay structures for staff, in order to ensure our HR appointments and policies support and help implement the vision of the church. Isabel Plimmer (Operations Manager) chairs this RSG.

ICT Resource Support Group

The ICT RSG oversees and advises the PCC on all aspects of technology helping to ensure that our computers, phones, projectors, AV etc., work and enable the vision of the Church to be implemented. Daniel Lanstone chairs this RSG.

Risk Management Resource Support Group

The Risk Management RSG oversees and advises the PCC on all aspects of risk management, helping to assess the risks posed to the church, to monitor them and to inform PCC of any concerns, together with suggestions for mitigating these risks and so provide an assurance to the PCC that risks of all types are identified, monitored and controlled to an acceptable level, so enabling the church to implement its vision in a culture of safety. Darrell Sykes chairs this RSG.

Safeguarding Resource Support Group

The Safeguarding RSG oversees and advises the PCC on all aspects of safeguarding, both of children and of vulnerable adults, ensuring our policies are up to date and that those who need it are DBS checked and trained, helping to ensure that our safeguarding processes enable the vision of the Church to be implemented. Jan Smith (Parish Safeguarding Officer) chaired this group until his resignation in August 2025, when Sal Hamlyn took over the role and now chairs the group.

STEPS Resource Support Group

The STEPS RSG oversees and advises the PCC on all aspects of our pre-school, helping to ensure the vision of the Church is implemented in STEPS and the Christian ethos is reflected in day-to-day practices. Rev. Mark Barker (Incumbent) chairs this RSG.

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St Stephen Tonbridge

Year Ended 31st December 2025

Trustees’ Annual Report

Statement of major risks

The major risks which affect the work of the Church in the parish have been identified and are monitored by the Risk Management RSG under the five categories recommended by the Charity Commission:

The Risk Register is kept up to date and is referred to the PCC on an annual basis.

Safeguarding

The PCC has complied with the duty under Section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults).

Membership and attendance

Our electoral roll stood at 219 as at May 2025, of which 38% are not resident in the parish and our average weekly attendance in October 2025 (Statistic for Mission) was 175 adults and 28 children.

Objectives and activities

Our objective (vision) is to be a Church and people that are “Passionate to know God and to make God known”.

St Stephen’s PCC has:

Grant making policy

St Stephen’s policy is to tithe up to 10% of the previous year’s donation income and 10% of any large legacies received during the current year. These were allocated in 2025 on the recommendation of the Mission Action Group as set out in note 15 of the accounts.

Role of volunteers

Volunteers play a vital role in every area of the ministry and organisation of the parish. Each volunteer is safely recruited, and without them much in the life of the church could not take place.

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St Stephen Tonbridge

Year Ended 31st December 2025

Trustees’ Annual Report

Achievements and Performance

Our vision is to be a church that is “Passionate to know God and to make God known”, and we are in the midst of a 5-year strategy to:

Our plan to fulfil this strategy of growth was achieved in 2025 through the following achievements:

1. Growing Deeper

2. Growing Wider

3. Growing Younger

To support all this:

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St Stephen Tonbridge

Year Ended 31st December 2025

Trustees’ Annual Report

The Financial Bit

We have three types of funds, restricted funds which can only be spent in accordance with the donor's wishes, i.e. they are ring-fenced, unrestricted funds which the PCC can apply for the general purposes of the church, and endowment funds which are capital funds which are kept long-term.

Our unrestricted income decreased in 2025 from £621,168 to £582,050, a decrease of 6.3%. Unrestricted donated income fell from £321,137 to £303,238, and one-off donations decreased from £32,784 to £29,338. Planned giving also decreased from £227,530 in 2024 compared to £215,608 in 2025, and gift aid decreased from £54,060 in 2024 to £46,989 in 2025. Rental income decreased from £75,203 to £41,934 (27%) which was due to decreased occupancy whilst preparing 20 Woodfield Road for the Associate Vicar and his family, and marketing Flat 19 and the Mission House for sale. Additionally we received £4,387 in clergy rebate in respect of 20 Woodfield Road. Living Well income was broadly stable at £16,980 in 2024 and £16,707 in 2025. The main other income-generating activities continued to be STEPS, hire of premises and fees for weddings and funerals.

Our unrestricted expenses in 2025 increased from £589,295 to £655,805. The additional expenditure largely related to increased parish share, upfront costs related to the sale of properties at St Eanswythe’s and the renovation works at 20 Woodfield Road, but also includes increases in insurance and maintenance costs.

At the end of 2025, the Mission House was sold, which reduced the value of the property fund by £560,000, and after costs the newly established St Eanswythe’s Property Proceeds Fund had a closing balance of £554,110. Additionally the flats at St Eanswythe’s were revalued, resulting in a reduction of the Property Fund in respect of these properties from £610,000 to £585,000. The net effect on the property fund after the revaluation of properties and sale of the Mission house is -£17,174.

After transfers and revaluation, the result is an unrestricted funds deficit of £87,903.

Income into restricted funds was £22,778 and spending from restricted funds was £13,824.

Total Unrestricted funds of £2,032,980 consist mainly of the properties owned by the PCC at their net book value of £1,973,799.

Cash reserves policy: It is our aim to keep in reserve an amount of at least 6 weeks of unrestricted cash expenditure (£70,366.22 for 2025). As at 31st December our unrestricted cash reserves were above this amount, Excess funds are held to finance future growth.

Investment Policy: It is our policy to invest cash not required in the short term with CAF Bank, Kingdom Bank, The Rochester Diocesan Board of Finance or in the CCLA Church Of England Deposit Fund

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St Stephen Tonbridge

Year Ended 31st December 2025

Trustees’ Annual Report

Looking Ahead

As we look ahead into 2026 and beyond, we will be seeking to support our strategy by:

These will feed into the following areas of focus:

1. Growing Deeper

2. Growing Wider

As we look to the future, an enormous THANK YOU to all those who have supported the life and ministry of the church through giving of their time, their talents and gifts, their finances. You are too numerous to name, but know who you are and how you minister and serve. But a particular thanks to the staff team and the churchwardens for all that you do.

Signed on behalf of the Trustees………………………………………………………

Rev Mark Barker

Name of Trustee ………………………………………………………………………..

29/04/2026

Date:…………………………………………..

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St Stephen Tonbridge

Year Ended 31st December 2025

Independent Examiner's Report

I report to the trustees on my examination of the financial statements of St Stephen Tonbridge ('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 (‘the Act’).

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner's Statement

I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

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

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.

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

Nigel Wyatt BSC FCA Independent Examiner 125 Main Street Garforth Leeds LS25 1AF

Date: 29/04/2026

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St Stephen Tonbridge

Year Ended 31st December 2025

Statement of Financial Activities

Statement of Financial Activities
2025 2024
Unrestricted Restricted Total Total
Funds Funds Funds Funds
Note £ £ £ £
Income
Donations and legacies 303,238 11,444 314,682 331,949
Charitable activities 224,193 11,334 235,527 217,679
Activities for generating income 52,817 - 52,817 84,959
Investment income 1,802 - 1,802 1,858
────────── ────────── ────────── ──────────
Total Income 2 582,050 22,778 604,828 636,445
────────── ────────── ────────── ──────────
Expenditure
Expenditure on charitable activities 3 655,805 13,824 669,629 611,495
────────── ────────── ────────── ──────────
Total Expenditure 655,805 13,824 669,629 611,495
────────── ────────── ────────── ──────────
────────── ────────── ────────── ──────────
Net Income / (Expenditure) Before Gains/(Losses) (73,755) 8,954 (64,801) 24,950
────────── ────────── ────────── ──────────
Gain/(loss) on revaluation of fixed asset 8 (17,174) - (17,174) (92,200)
────────── ────────── ────────── ──────────
Net Income / (Expenditure) After Gains/(Losses) (90,929) 8,954 (81,975) (67,250)
────────── ────────── ────────── ──────────
Net Income and Net Movement in Funds
Total funds brought forward 12 2,115,883 13,159 2,129,042 2,196,292
Transfers 12 3,026 (3,026) - -
────────── ────────── ────────── ──────────
Total Funds Carried Forward 12 2,027,980 19,087 2,047,067 2,129,042
────────── ────────── ────────── ──────────

All income and expenditure derive from continuing activities.

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St Stephen Tonbridge

Year Ended 31st December 2025

Statement of Financial Position

Statement of Financial Position
2025 2024
Note £ £
Fixed Assets
Tangible fixed assets 8 1,366,562 1,952,944
────────── ──────────
1,366,562 1,952,944
Current Assets
Debtors 9 15,930 10,566
Short term investment 619,110 57,227
Cash at bank and in hand 69,046 132,581
────────── ──────────
704,086 200,374
Creditors: Amounts Falling Due Within One Year 10 23,581 24,276
────────── ──────────
Net Current Assets 680,505 176,098
────────── ──────────
Total Assets Less Current Liabilities 2,047,067 2,129,042
────────── ──────────
Net Assets 13 2,047,067 2,129,042
────────── ──────────
Funds of the Charity
Restricted funds 12 19,087 13,159
Unrestricted funds 12
Unrestricted general 15,645 51,943
Designated funds 1,986,055 2,012,660
Revaluation reserve 26,280 51,280
────────── ──────────
Total Charity Funds 2,047,067 2,129,042
────────── ──────────

Trustees' Responsibilities

These financial statements were approved by the board of Trustees and authorised for issue:

Name of Trustee: Rev Mark Barker ─────────────────────────────────────────────────── Signed on Behalf of the Trustees: ─────────────────────────────────────────────────── 29/04/2026 Date of Approval:

───────────────────────────────────────────────────

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St Stephen Tonbridge

Year Ended 31st December 2025

Statement of Cash Flows

2025 2024
£ £
Cash Flows From Operating Activities
Net cash provided by (used in) operating activities (71,280) 9,743
────────── ──────────
(71,280) 9,743
────────── ──────────
Cash Flows From Investing Activities
Dividends and interest 1,802 1,858
Sale proceeds from tangible fixed assets 567,826 -
Purchase of tangible fixed assets - -
────────── ──────────
Net cash provided by (used in) investing activities 569,628 1,858
────────── ──────────
Cash Flows From Financing Activities
Repayments on borrowing - -
Cash inflows from new borrowing - -
────────── ──────────
Net cash provided by (used in) financing activities - -
────────── ──────────
Change in cash and cash equivalents in the reporting period 498,348 6,074
Cash and cash equivalents at the beginning of the reporting period 189,808 183,734
────────── ──────────
Cash and Cash Equivalents at the End of the Reporting Period 688,156 189,808
────────── ──────────
Reconciliation of Net Movement in Funds to Net Cash Flow from Operating Activities
2025 2024
£ £
Net movement in funds for the reporting period (as per the
statement of financial activities)		 (81,975) (67,250)
Adjustments for:
(Gain)/loss on revaluation of fixed assets 17,174 92,200
Interest received (1,802) (1,858)
Depreciation of tangible fixed assets 1,382 1,382
(Increase)/decrease in debtors (5,364) (51)
Increase/(decrease) in creditors (695) (14,680)
────────── ──────────
Net cash provided by (used in) operating activities (71,280) 9,743
────────── ──────────
Analysis of Cash and Cash Equivalents
2025 2024
£ £
Cash at bank and in hand 69,046 132,581
Short term deposits 619,110 57,227
────────── ──────────
Total cash and cash equivalents 688,156 189,808
────────── ──────────

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St Stephen Tonbridge

Year Ended 31st December 2025

Notes to the Financial Statements

1 Accounting Policies

Basis of Preparation

The accounts are prepared under the historical cost convention, in accordance with the Church Accounting Regulations 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with FRS 102 (effective 1 January 2019) - (Charities SORP (FRS 102)) and the Charities Act 2011.

The primary objective of the charity is to promote the gospel of our Lord Jesus Christ according to the doctrine and practice of the Church of England. The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). There are no material uncertainties about the charity’s ability to continue as a going concern.

Assessment of Going Concern

Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Fund Accounting

PCC funds are required to be analysed under specific headings, as follows:

General funds represent the ‘free’ funds of the PCC that are not subject to any restriction regarding their use and are available for application for the general purposes of the PCC. Designated funds are earmarked by the PCC for particular purposes but are nevertheless still unrestricted as the PCC can redesignate the funds if it wishes.

Restricted funds are funds collected or donated for a particular purpose and cannot be used by the PCC for any other purpose except by agreement with the donor.

The funds of the PCC have been appropriately analysed and the statement of financial activities has been prepared in accordance with this analysis.

Accounting Requirements

The accounts are required to include all transactions, assets and liabilities for which the PCC can be held responsible, and therefore include:

The value of land and property;

Tax on gifts and donations received during the year;

Specific giving directed to support other missions, charities and churches

The accounts do not include the accounts of church groups that owe an affiliation to another group, nor those which are informal gatherings of church members. Church groups which are largely self-financing, are excluded as they do not materially affect the accounts; however subsidies paid to these groups are included.

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St Stephen Tonbridge

Year Ended 31st December 2025

Notes to the Financial Statements

Incoming Resources

All incoming resources are recognised once the charity has entitlement to the resources, it is probable that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability.

• All voluntary income from members of the church are recognised as donations and are included in full, with associated Gift Aid receivable in the Statement of Financial Activities.

• Grants where entitlement is not conditional on the delivery of specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant.

• Incoming resources from charitable trading activities such as the letting of the building are accounted for when invoices are drawn up (as the point of entitlement).

• Donated services and facilities are included at the value to the charity where this can be quantified.

• Gifts in Kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.

• Volunteer time, the value of voluntary support for the work of the church, is not included in the accounts but is described in the trustees annual report.

Application of Resources

Grants and outward giving are accounted for in the SOFA when paid, unless an obligation, whether constructive or legal, exists to the recipient in accordance with the Charities SORP and FRS 102.

Parish share and other costs directly relating to the work and activities of the Church are accounted for when they are incurred or become due and payable.

Resources Expended

Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.

Governance Costs

Include costs of the preparation and examination of statutory accounts, the costs of the trustees' meetings and cost of any legal advice to trustees on governance or constitutional matters.

Liability Recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

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St Stephen Tonbridge

Year Ended 31st December 2025

Notes to the Financial Statements

Tangible Fixed Assets

Consecrated and beneficed property is excluded from the accounts by S10(2)(c) of the Charities Act 2011. No value is attributed to moveable church furnishings held by the Churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or beneficed buildings and moveable church furnishings, whether for maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed.

Other land and buildings held on behalf of the PCC for its own purposes are valued at a fair but prudent valuation which is considered to be a reasonable estimate of the current value “in use” of the property. No depreciation has been charged in respect of such properties as they are kept in sound condition and any expenditure on maintenance or improvement following regular review is written off as incurred. It is our policy, as a general rule, to commission a revaluation of our properties at least once every 7 - 8 years.

No depreciation is provided on buildings as the current estimated residual value of the properties is not less than their carrying value and the remaining useful life of these assets currently exceeds 50 years, so that any depreciation charges would be immaterial.

An impairment review is carried out on a regular basis and any resultant loss identified is included within expenditure for the year. (NB an impairment review is a formal check that the current value of a fixed asset such as a house or building is greater than the value shown in the balance sheet. If there is a fixed asset that is overvalued because, say the roof is about to fall in, the charity should reduce the balance accordingly and write off the reduction in cost. Close detail is kept on all properties and as money is set aside each year into repair funds, by the nature of this active asset management this happens regularly each year).

Equipment used for church purposes is capitalised and written off on a straight line basis over the reasonable estimated life span of the item. Routine replacements and renewals to the projector, computer, sound equipment, replacement boilers and other equipment purchases under £4,000 are written off as expenditure in the SOFA.

Pensions

The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.

Operating Leases

Rental charges payable under operating leases are charged on a straight line basis over the terms of the lease.

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St Stephen Tonbridge

Year Ended 31st December 2025

Notes to the Financial Statements

Critical accounting estimates and judgements

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results.

There are no critical judgements, significant assumptions concerning the future and key sources of estimation of uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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St Stephen Tonbridge

Year Ended 31st December 2025

Notes to the Financial Statements

**2 ** Analysis of Income
Unrestricted Restricted
Total
Funds Funds Funds 2025
£ £ £
Donations and Legacies
Donations 255,249 9,498 264,747
Income tax recoverable 46,989 - 46,989
Legacies 1,000 - 1,000
Grants - 1,946 1,946
────────── ────────── ──────────
303,238 11,444 314,682
Charitable Activities
STEPS 192,199 4,650 196,849
Church activities 12,750 - 12,750
Fees 2,840 6,684 9,524
Cafe income 16,404 - 16,404
────────── ────────── ──────────
224,193 11,334 235,527
Activities for Generating Income
House rentals 24,471 - 24,471
St Eanswythe's flats 22,100 - 22,100
Church & community centre hire 6,246 - 6,246
────────── ────────── ──────────
52,817 - 52,817
Investment Income
Interest received 1,802 - 1,802
Income from Proceeds of Sale - - -
────────── ────────── ──────────
1,802 - 1,802
Other
Other income - - -
────────── ────────── ──────────
- - -
────────── ────────── ──────────
Total Income 582,050 22,778 604,828
────────── ────────── ──────────

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St Stephen Tonbridge

Year Ended 31st December 2025

Notes to the Financial Statements

**2 ** Analysis of Income(Continued)
Unrestricted Restricted
Total
Funds Funds Funds 2024
£ £ £
Donations and Legacies
Donations 267,077 8,199 275,276
Income tax recoverable 54,060 - 54,060
Legacies - - -
Grants - 2,613 2,613
────────── ────────── ──────────
321,137 10,812 331,949
Charitable Activities
STEPS 187,332 2,248 189,580
Church activities 7,257 - 7,257
Fees 1,933 2,217 4,150
Cafe income 16,692 - 16,692
────────── ────────── ──────────
213,214 4,465 217,679
Activities for Generating Income
House rentals 43,140 - 43,140
St Eanswythe's flats 32,063 - 32,063
Church & community centre hire 9,756 - 9,756
────────── ────────── ──────────
84,959 - 84,959
Investment Income
Dividends and interest 1,858 - 1,858
────────── ────────── ──────────
1,858 - 1,858
Other
Other income - - -
────────── ────────── ──────────
- - -
────────── ────────── ──────────
Total Income 621,168
──────────		 15,277
──────────		 636,445
──────────

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St Stephen Tonbridge

Year Ended 31st December 2025

Notes to the Financial Statements

3 Expenditure on Charitable Activities by Fund Type

Expenditure on Charitable Activities by Fund Type
Unrestricted Restricted
Total
Funds Funds Funds 2025
£ £ £
Depreciation 1,382 - 1,382
Events fund 6,144 - 6,144
Expenditure relating to sale of property 26,530 - 26,530
ICT 14,052 - 14,052
Independent examination and accounts preparation 2,120 - 2,120
Insurance 5,916 - 5,916
Living Well Tonbridge - Café 11,368 1,481 12,849
Maintenance & contracts 34,284 - 34,284
Ministry 1,613 - 1,613
Mission giving 34,202 - 34,202
Operations 27,900 - 27,900
Other costs 771 - 771
Parish Share 117,885 - 117,885
Property improvement 19,339 - 19,339
Restricted funds-other projects - 10,496 10,496
Staffing 140,933 - 140,933
STEPS other costs 38,050 1,847 39,897
STEPS staff costs 148,746 - 148,746
Utilities 14,108 - 14,108
Vicar's discretionary fund 1,025 - 1,025
Vision (legacy) 2,211 - 2,211
Worship 4,014 - 4,014
Youth and children 3,212 - 3,212
────────── ────────── ──────────
655,805
──────────		 13,824
──────────		 669,629
──────────

During the year £11,000 of Utility costs were apportioned to STEPS, and are represented above under STEPS other costs.

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St Stephen Tonbridge

Year Ended 31st December 2025

Notes to the Financial Statements

Expenditure on Charitable Activities by Fund Type cont.

Unrestricted Restricted
Total
Funds Funds Funds 2024
£ £ £
Depreciation 1,382 - 1,382
Events fund 6,836 - 6,836
Expenditure relating to sale of property - - -
ICT 12,642 - 12,642
Independent examination and accounts preparation 2,200 - 2,200
Insurance 4,212 - 4,212
Living Well Tonbridge - Cafe 14,549 1,377 15,926
Maintenance & contracts 40,722 - 40,722
Ministry 349 - 349
Mission giving 27,609 625 28,234
Operations 25,023 - 25,023
Other costs 6,864 - 6,864
Parish Share 89,329 - 89,329
Property improvement - - -
Restricted funds - other projects - 10,699 10,699
Staffing 166,847 - 166,847
STEPS other costs 32,267 2,279 34,546
STEPS staff costs 142,272 - 142,272
Utilities 15,202 - 15,202
Vicar's discretionary fund 1,157 - 1,157
Vision (legacy) - - -
Worship 4,220 - 4,220
Youth and children 2,094 739 2,833
────────── ────────── ──────────
595,776 15,719 611,495
────────── ────────── ──────────

4 Parish Share

St Stephen Tonbridge is a parish church of the Church of England in the Diocese of Rochester, by means of Parish Share, helps the funding of ministers, particularly parochial clergy, throughout the Diocese, the work of various Diocesan bodies and the work of the Church of England as a whole. The Diocese is a community resourcing a common task, and not a charity trying to raise funds to meet a need. In 2025, the amount paid by the PCC was £117,885 (2024: £89,329).

19

St Stephen Tonbridge

Year Ended 31st December 2025

Notes to the Financial Statements

5 Independent Examination Fees

Fees payable to the independent examiner for:

Independent Examination Fees
Fees payable to the independent examiner for:
2025 2024
£ £
Independent examination and accounts preparation 2,194 2,120
────────── ──────────
2,194 2,120
────────── ──────────

6 Staff Costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

2025 2024
£ £
Wages and salaries 264,373 293,977
Social security costs 15,323 14,586
Employer pension contribution 7,417 8,153
────────── ──────────
Total Employment Costs 287,113
──────────		 316,716
──────────

The Vicar and Associate Vicar are employed by the Diocese of Rochester so their costs have not been included in the salary figures shown above but are accounted for in the payments to the Diocese.

The average headcount of employees during the year was as follows:

2025 2024
Church employees 8 10
STEPS preschool employees 9 9
────────── ──────────
17 19
────────── ──────────

Number of employees who received employee benefits of more than £60,000 during the year was as follows:

2025 2024
More than £60,000 - -

Key Management Personnel

The charity's key management personnel comprise the Operations Manager and Youth & Children's Pastor. Total remuneration paid to key management personnel was £75,528 (2024: £112,076).

20

St Stephen Tonbridge

Year Ended 31st December 2025

Notes to the Financial Statements

7 Trustee Remuneration, Expenses and Donations

During the year one trustee, Sabrina Taylor received remuneration of £2,641 for employment (2024: no trustees were employed).

Seven trustees received payments for expense claims during 2025 (2024: five). The expenses reimbursed to trustees during the year totalled £5,789 (2024: £1,557). These expenses were mainly related to ministry costs, travel costs and day to day running of the church.

The aggregate value of donations made by PCC members/ Trustees was £53,171 (2024: £51,717)

8 Tangible Fixed Assets

Freehold
Land and
Buildings Equipment Total
£ £ £
Cost or Valuation
At 1st January 2025 1,948,799 10,582 1,959,381
Revaluation (17,174) - (17,174)
Additions - - -
Disposals (567,826) - (567,826)
────────── ────────── ──────────
At 31st December 2025 1,363,799 10,582 1,374,381
────────── ────────── ──────────
Depreciation
At 1st January 2025 - 6,437 6,437
Depreciation charge - 1,382 1,382
Released on disposal - - -
────────── ────────── ──────────
At 31st December 2025 - 7,819 7,819
────────── ────────── ──────────
Net Book Value
────────── ────────── ──────────
At 31st December 2025 1,363,799 2,763 1,366,562
────────── ────────── ──────────
At 31st December 2024 1,948,799 4,145 1,952,944

21

St Stephen Tonbridge

Year Ended 31st December 2025

Notes to the Financial Statements

Tangible Fixed Assets cont.

The property breakdown is as follows, valued in accordance with the Accounting Policies note 1.

In 2023 the St Eanswythe's Mission House was revalued by Andrew Langford who is a qualified property valuer. The property was revalued on a market value basis.

In April 2025 the St Eanswythe's Chapel and Court Flatts, Priory Road, were revalued by Bracketts Chartered surveyors. The properties were revalued on a market value basis.

In Oct 2025 the St Eanswythe's Mission House, Priory Road, was sold.

2025 2024
£ £
Office, 35 Waterloo Road, Tonbridge 213,228 213,228
House, 20 Woodfield Road, Tonbridge 279,571 279,571
Church Hall, 37 Waterloo Road, Tonbridge 68,000 68,000
Community Centre, Waterloo Road, Tonbridge 68,000 68,000
St Eanswythe's Chapel, Priory Road, Tonbridge 150,000 150,000
St Eanswythe's Court Flats, Priory Road, Tonbridge 585,000 610,000
St Eanswythe's Mission House, Priory Road, Tonbridge - 560,000
────────── ──────────
1,363,799 1,948,799
────────── ──────────
**9 ** Debtors
2025 2024
£ £
Income tax recoverable 4,164 3,746
Prepayments 6,083 3,017
Other debtors 5,683 3,803
────────── ──────────
15,930 10,566
────────── ──────────
**10 ** Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Accounts payable 10,905 7,425
Accruals and other creditors 2,250 2,834
Tax and pension costs 1,326 13,892
Deferred income 9,100 125
────────── ──────────
23,581
──────────		 24,276
──────────

22

St Stephen Tonbridge

Year Ended 31st December 2025

Notes to the Financial Statements

**11 ** Deferred Income
2025 2024
£ £
Balance at the beginning of the reporting period 125 125
Amount released to income (125) (125)
Amount deferred in year 9,100 125
────────── ──────────
Balance at the end of the reporting period 9,100
──────────		 125
──────────

At the close of the year end £9,100 (2024: £125) of STEPS preschool local authority funding was received before the year end for children places for the next academic term following the year end.

23

St Stephen Tonbridge

Year Ended 31st December 2025

Notes to the Financial Statements

12 Analysis of Charitable Funds

1 Jan 2025 Income Expenditure Gains/Loses Transfers 31 Dec 2025
£ £ £ £ £ £
Unrestricted Funds
Unrestricted
General funds 46,470 373,160 (382,310) - (25,202) 12,118
Revaluation Reserve 51,280 - - (17,174) (7,826) 26,280
STEPS Unrestricted 5,473 192,199 (185,671) - (8,474) 3,527
Fund
────────── ────────── ────────── ────────── ────────── ──────────
Total 103,223 565,359 (567,981) (17,174) (41,502) 41,925
────────── ────────── ────────── ────────── ────────── ──────────
Designated
Events fund 2,085 7,888 (6,144) - - 3,829
IT maintenance fund
535 - (3,254) - 3,000 281
MAG (Designated)
fund		 7,006 5,769 (34,202) - 24,560 3,133
Property fund 1,897,519 - - - (560,000) 1,337,519
Property improvement
fund		 17,417 250 (6,808) - - 10,859
Property maintenance
reserve 10,788 1,409 (19,339) - 7,142 -
St Eanswythe's
Property Proceeds - - (13,716) - 567,826 554,110
Fund
Staff illness fund -
PCC		 8,900 - - - - 8,900
Staff illness fund -
STEPS		 5,983 - (1,125) - 2,000 6,858
Vicars Discretionary
fund		 1,164 1,375 (1,025) - - 1,514
Vision fund (Legacy) 61,263 - (2,211) - - 59,052
────────── ────────── ────────── ────────── ────────── ──────────
Total 2,012,660 16,691 (87,824) - 44,528 1,986,055
────────── ────────── ────────── ────────── ────────── ──────────
Total Unrestricted 2,115,883
──────────		 582,050
──────────		 (655,805)
──────────		 (17,174)
──────────		 3,026
──────────		 2,027,980
──────────

24

St Stephen Tonbridge

Year Ended 31st December 2025

Notes to the Financial Statements

Analysis of Charitable Funds cont.

1 Jan 2025 Income Expenditure Gains/Loses Transfers 31 Dec 2025
£ £ £ £ £ £
Restricted Funds
Agency giving 427 4,096 (3,739) - - 784
Living Well Tonbridge
restricted		 5,567 6,670 (1,481) - (3,026) 7,730
Restricted funds -
Other Projects		 3,743 7,362 (6,757) - - 4,348
STEPS Restricted
Fund		 3,422 4,650 (1,847) - - 6,225
────────── ────────── ────────── ────────── ────────── ──────────
Total Restricted 13,159 22,778 (13,824) - (3,026) 19,087
────────── ────────── ────────── ────────── ────────── ──────────
Total Funds
────────── ────────── ────────── ────────── ────────── ──────────
Total 2,129,042 604,828 (669,629) (17,174) - 2,047,067
────────── ────────── ────────── ────────── ────────── ──────────

Material Fund Transfers 2025

£560,000 from the sale of St Eanswythe's Mission House was transferred to a designated property proceeds fund, to be used for investment.

£3,026 was transferred from the Living Well Tonbridge restricted fund to the General fund for the Warm Welcome program. The transfer was for the provision of meals and refreshments for the homeless or those in need. This ties directly into the purpose of the donations received.

25

St Stephen Tonbridge

Year Ended 31st December 2025

Notes to the Financial Statements

Analysis of Charitable Funds cont.

1 Jan 2024 Income Expenditure Gains/Loses Transfers 31 Dec 2024
£ £ £ £ £ £
Unrestricted Funds
Unrestricted
General funds 10,453 419,979 (368,157) - (15,805) 46,470
Revaluation Reserve 143,480 - - (92,200) - 51,280
STEPS Unrestricted 5,474 187,332 (169,923) - (17,410) 5,473
Fund
────────── ────────── ────────── ────────── ────────── ──────────
Total 159,407 607,311 (538,080) (92,200) (33,215) 103,223
────────── ────────── ────────── ────────── ────────── ──────────
Designated
Events fund 2,487 6,434 (6,836) - - 2,085
IT maintenance fund 150 - (912) - 1,297 535
MAG (Designated)
fund		 10,497 - (27,609) - 24,118 7,006
Property fund 1,897,519 - - - - 1,897,519
Property improvement
fund		 16,849 6,600 (6,032) - - 17,417
Property maintenance
reserve		 15,922 - (10,534) - 5,400 10,788
Staff illness fund -
PCC		 7,700 - - - 1,200 8,900
Staff illness fund -
STEPS		 8,349 - (4,616) - 2,250 5,983
Vicars Discretionary
fund		 1,498 823 (1,157) - - 1,164
Vision fund (Legacy) 61,263 - - - - 61,263
────────── ────────── ────────── ────────── ────────── ──────────
Total 2,022,234 13,857 (57,696) - 34,265 2,012,660
────────── ────────── ────────── ────────── ────────── ──────────
Total Unrestricted 2,181,641
──────────		 621,168
──────────		 (595,776)
──────────		 (92,200)
──────────		 1,050
──────────		 2,115,883
──────────

26

St Stephen Tonbridge

Year Ended 31st December 2025

Notes to the Financial Statements

Analysis of Charitable Funds cont.

1 Jan 2024 Income Expenditure Gains/Loses Transfers 31 Dec 2024
£ £ £ £ £ £
Restricted Funds
Agency giving 1,676 5,014 (6,263) - - 427
Blend Fund 739 - (739) - - -
Living Well Tonbridge
restricted		 2,236 4,708 (1,377) - - 5,567
Restricted funds -
Other Projects 6,547 2,682 (4,436) - (1,050) 3,743
STEPS Restricted
Fund 3,453 2,248 (2,279) - - 3,422
MAG (Restricted) fund - 625 (625) - - -
────────── ────────── ────────── ────────── ────────── ──────────
Total Restricted 14,651 15,277 (15,719) - (1,050) 13,159
────────── ────────── ────────── ────────── ────────── ──────────
Total Funds
────────── ────────── ────────── ────────── ────────── ──────────
Total 2,196,292
──────────		 636,445
──────────		 (611,495)
──────────		 (92,200)
──────────		 -
──────────		 2,129,042
──────────

Material Fund Transfers 2024

STEPS Unrestricted Fund

MAG (Designated) fund

£17,410 was transferred from STEPS £14,960 of this went to General Fund as end year profit is returned to church funds, and the remainder was transferred throughout the year to the IT Maintenance fund and STEPS Illness fund, which build up a pot of reserves to be used to purchase IT equipment / fund long term sick leave.

During 2024, £24,118 was transferred from General funds to the MAG Designated fund to enable us to support our mission partners.

Fund Descriptions

Outlined below are the details for all the material funds held during the financial year.

Unrestricted Funds

General funds Revaluation Reserve

Day to day operational costs for the church and church buildings. Fund to hold the value of the revalued element of the buildings in accordance with the accounting policy and the charity's SORP.

STEPS Unrestricted Fund

Day to day operational costs for the preschool and premises.

27

St Stephen Tonbridge

Year Ended 31st December 2025

Notes to the Financial Statements

Designated Funds

Property fund Value of all buildings owned. Property improvement fund Rented Property Fund - for major expenditures on rental properties. Property maintenance reserve For major maintenance of public church buildings in line with

For major maintenance of public church buildings in line with quinquennial inspections.

St Eanswythe's Property Proceeds Funds held from the sale of St Eanswythe's Property for future Fund investment. Vision fund (Legacy) Money received in response to vision related appeals.

Vision fund (Legacy)

Restricted Funds

Agency giving Living Well Tonbridge restricted Restricted funds - Other Projects STEPS Restricted Fund

Money collected for and dispersed to other agencies. Donations restricted for use for Living Well activities. Donations restricted for use for other specific projects. Funds received for specific restricted purposes within the preschool.

13 Analysis of Net Assets Between Funds

Unrestricted Restricted
Total Funds
Funds Funds 2025
£ £ £
Fixed Assets 1,366,562 - 1,366,562
Current Assets 684,999 19,087 704,086
Creditors less than 1 year (23,581) - (23,581)
────────── ────────── ──────────
2,027,980 19,087 2,047,067
────────── ────────── ──────────
Unrestricted Restricted
Total Funds
Funds Funds 2024
£ £ £
Fixed Assets 1,952,944 - 1,952,944
Current Assets 187,215 13,159 200,374
Creditors less than 1 year (24,276) - (24,276)
────────── ────────── ──────────
2,115,883
──────────		 13,159
──────────		 2,129,042
──────────

28

St Stephen Tonbridge

Year Ended 31st December 2025

Notes to the Financial Statements

14 Related Party Transactions

During the year Rachael Plowman, a close family member of trustee Mrs Edith Wills, was employed as the Church & Finance Administrator. The total remuneration received in 2025 including Employer’s National Insurance and Employer’s Pension contribution was £26,351 (2024: £19,826).

During the year Vickie Price of Three Boys Bakes, a close family member of former trustee Mr Tom Price, received renumeration for baking cakes for the church. The total remuneration received up to May 2025 while Tom Price was on the board of trustees was £1,321.

In the prior year, a £500 donation was made by the PCC to Tonbridge Counselling Service, a charity where Rev’d Mark Barker is a trustee.

15 Mission Partners

During the year the PCC provided financial support to a number of mission partners, both internationally and within the UK, through the Mission Action Group (MAG). The following grants were made:

Charis, Romania – £9,793

Mpwapwa CCMP Project, Tanzania – £8,237

Tonbridge Children’s Workshop, UK – £6,300

In addition to the above, a further £4,228 was distributed from MAG Funds in response to emergency appeals received throughout the year.

29