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← The Parochial Church Council Of The Ecclesiastical Parish Of St. George The Martyr With St. Alphege And St. Jude, Southwark

2025-12-31-accounts

St George the Martyr with St. Alphege and St. Jude, Southwark

Charity Number | 132726

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Charity Number | 132726

St George the Martyr with St. Alphege and St. Jude, Southwark

Contents of the financial statements for the year ended 3! December 2025

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Page
Reference and Administrative Details |
Trustees’ Annual Report 2
Independent Auditor’s Report 8
Statement of Financial Activities II
Balance Sheet 12
Notes to the Financial Statements 13
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Charity Number | 132726

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St George the Martyr with St. Alphege and St. Jude, Southwark
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Reference and Administrative Details for the year ended 31 December 2025
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Charity: The Parochial Church Council of the Ecclesiastical Parish of St George the Martyr with St. Alphege and St. Jude, Southwark

Governing Document: Parochial Church Councils (Powers) Measure 1956 Church Representation Rules Registered Office: St George the Martyr Church, Borough High Street, London, SEI JA Charity Number: 1132726

Charity Number:

Trustees (Parochial Church Council [PCC] members) and Key Management Personnel:

Rector:

The Rev'd. Benjamin Bell

Other Clergy: The Rev'd. Marieke Sybrandi, Assistant Curate - from June 2025

Representative on the Deanery Synod: Fiona Andrews

Wardens: James Blythe (2025) Marvella Davies (2022)

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Other elected members:
Siobhan Aarons
Sophie Brightwell
Riaz Gill
Sarah Kawesa
Steve Shanahan
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Key Management Personnel (non-trustees):

Head of Operations & Parish Clerk — Lauren Batstone (nee Scoot) Borough Food Cooperative Project Manager — Brian Cummings Self-supporting Minister — The Rev'd. Raymond Baudon

Bankers:

CAF Bank Plc Barclays Bank Plc Equals Group PLC

Independent Auditor: Azets Audit Services Regis House, 45 King William Street London, EC4R 9AN

Investment advisers:

South London Church Fund & Southwark Diocesan Board of Finance Trinity House 4 Chapel Court, Borough High Street London, SEI IHW

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Charity Number | 132726

St George the Martyr with St. Alphege and St. Jude, Southwark

Trustees’ Annual Report For the year ended 31 December 2025

Introduction

The members of the Parochial Church Council (‘‘ the Trustees”) of St George the Martyr (The Parochial Church Council of the Ecclesiastical Parish of St. George the Martyr with St. Alphege and St. Jude, Southwark) are pleased to present their report together with the financial statements, for the year ended 31 December 2025.

The reference and administrative details set out on page | form part of this report.

Structure, Governance, and Management

St George the Martyr is registered with the Charity Commission and governed by the Parochial Church Councils (Powers) Measure 1956 and the Church Representation Rules.

The trustees are the members of the Parochial Church Council, comprising:

Trustees are elected at the Annual Parochial Church Meeting in accordance with the Church Representation Rules.

When recruiting new trustees, nominations are sought from members of the congregation. The PCC considers the need for a range of skills and experience when inviting nominations. New trustees are provided with information outlining their legal obligations under charity law and the responsibilities of trusteeship. Safeguarding training is required of all PCC members.

The PCC meets at least four times per year. Safeguarding remains a standing agenda item at every meeting,

Day-to-day management of the parish is undertaken by the Rector, Assistant Curate, and staff team.

Risk Management

The Trustees recognise their responsibility for identifying and managing of risk.

The principal risks identified during 2025 and the measures taken to mitigate them include:

The PCC reviews risk regularly as part of their governance responsibilities.

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St George the Martyr with St. Alphege and St. Jude, Southwark

Charity Number 1132726

Trustees’ Annual Report (continued) For the year ended 3! December 2025

Objectives and Activities

The Parochial Church Council (PCC) of St. George the Martyr is committed to advancing the Christian faith through worship, discipleship, community engagement, and the pursuit of[justice.]

We seek to be a Christ-centred, outward-focused church: a vibrant, world-diverse community in the progressive Anglican-Catholic tradition, where all are welcomed, valued, and called into deeper faith and service.

In planning our activities, the PCC has had due regard to the Charity Commission’s guidance on public benefit, particularly its guidance on charities for the advancement of religion.

Our life and work are shaped by four core values:

Our Mission Action Plan defines four priorities for the future:

Through these priorities, we seek to enable people to live out their faith through:

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St George the Martyr with St. Alphege and St. Jude, Southwark

Charity Number | 132726

Trustees’ Annual Report (continued) For the year ended 3! December 2025

Achievements and performance - Review of Activities

2025 was a year of consolidation and steady growth in the life of worship at St George the Martyr. Average Sunday Attendance reflected the consolidation of growth seen in the previous year and increased by 11% with an average attendance of 70 people.

A new worshipping community, Holy Hour on Thursdays grew our weekly attendance at services from 78 to 158 people.

Festival attendance continued to demonstrate the parish’s capacity to gather both regular members and the wider community. Easter Services were attended by 159 people (76% increase) and Christmas Eve/Day Services were attended by 153 people (24% increase)

Additional services across the Christmas season were attended by 834 people, representing a remarkable uptick in engagement, confirming that major liturgical moments continue to serve as significant points of encounter with local residents.

9 candidates were confirmed by Bishop Alastair, the Bishop of Woolwich in September, marking a visible deepening of commitment among members of the congregation.

We celebrated 13 baptisms, | marriage, and 5 funerals over the course of the year, marking significant moments in the lives of our community.

It was reported to the 2025 APCM that 62 people were listed on the Electoral Roll.

Among the many highlights of 2025 was the launch of a new Fresh Expressions congregation called Holy Hour. Holy Hour creates a sacred space for encounter with God, centred on prayer before the Blessed Sacrament, sacred choral music, and extended silence. This new service stood alongside other important activities and developements in our life together: We entered a new partnership with St Martin-in-the-Fields to resource and revitalise our music ministry and mission. We ran a Children’s Singing Day and subsequent Carol Service attended by over 200 people. The monthly LIFE Group (Living In Faith Everyday) continued to resource journeys of faith, and we gathered for fellowship and parties on a number of occasions throughout the year.

The Borough Food Cooperative

The Borough Food Cooperative (BFC) remains a central expression of the parish’s commitment to justice and dignity. In 2025, the BFC provided 9,262 baskets of food to 1,106 families, while rescuing over 60,000kg of surplus food from landfill. Although the number of baskets distributed reduced compared to the previous year, this reflects a period of operational consolidation and more targeted provision. Encouragingly, the volume of surplus food saved increased significantly, demonstrating strengthened partnerships within the Borough’s food network and improved efficiency in food rescue.

The volunteer-led model has become firmly embedded, with 70+ regular volunteers contributing more than 5,000 hours of service. Alongside food provision, the Cooperative hosted Citizens Advice drop-ins and Digital Skills workshops onsite, widening access to practical support for vulnerable residents, and continued its focused work in combating loneliness, particularly among older members of the community.

2025 was also a significant year in stabilising the Cooperative’s financial position. The PCC secured substantial grant funding, including multi-year support for staffing, and established new partnerships with restaurants in The Borough whose generous and regular contributions have strengthened income stability and long-term resilience. The parish marked five years of the BFC at our Harvest Festival with a joyful celebratory lunch, giving thanks for a ministry that continues to combine environmental responsibility with practical compassion.

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St George the Martyr with St. Alphege and St. Jude, Southwark

Charity Number | 132726

Trustees’ Annual Report (continued) For the year ended 3! December 2025

Education and Schools

Our education and schools engagement remained a steady and important part of parish life in 2025. We continued to strengthen our partnership with S¢ Jude’s Church School, welcoming pupils into St George’s for seasonal services and maintaining a regular pattern of Collective Worship and pastoral presence within the school. Pupils from other local schools also visited the church for educational sessions, engaging with the Christian faith and the heritage of our building.

Like many inner London schools, St Jude’s continues to face the challenge of falling pupil numbers. The PCC remains committed to supporting the school community in practical and pastoral ways, recognising that sustained presence and partnership, rather than one-off events, are essential to the flourishing of both church and school.

Clergy and Pastoral Leadership

At the beginning of the year, the parish welcomed Fr. Raymond, whose ministry has strengthened the clergy team and contributed to the sacramental and pastoral life of the church. His presence has widened capacity in worship and community engagement.

Later in the year the parish welcomed Mthr. Marieke as Assistant Curate. Her arrival has further strengthened the team and expanded the parish’s ability to offer pastoral care, liturgical leadership, and engagement with local schools and community partners.

During 2025 the parish also marked the death of Fr. David Pape, whose long association with St George the Martyr was remembered with deep gratitude and affection. His funeral brought together many whose faith had been shaped by his ministry, and the PCC gives thanks for his priestly service and faithful witness.

The Rector continued to serve as Chair of the PCC and to provide overall leadership of the parish, with particular attention given during the year to consolidating growth, strengthening financial sustainability, embedding Holy Hour as a new congregation, and implementing the new musical partnership with St Martin-in-the-Fields.

Summary Review of PCC business:

During 2025 the PCC met regularly to oversee worship, mission, safeguarding, finance, and the care of buildings. Key business included:

As we give thanks for all that has been accomplished in 2025, we look ahead with hope and trust in God’s unfolding call to be a place of welcome and transformation in the heart of the Borough.

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St George the Martyr with St. Alphege and St. Jude, Southwark Trustees’ Annual Report (continued) For the year ended 31 December 2025

Charity Number 1132726

Financial Review and Reserves Policy

Total income for the year amounted to £554,283 (2024: £350,297), an increase of £203,986 (58%).

This significant increase reflects deliberate strategic work undertaken during the year to strengthen income streams and improve long term sustainability.

Congregational giving increased from £39,000 in 2024 to £71,000 in 2025, an increase of approximately 82%. This growth follows a sustained period of teaching on Christian stewardship, modest congregational growth, and a focused month long stewardship campaign. The PCC is encouraged by this response, which reflects both generosity and growing confidence in the Church’s direction.

The Borough Food Cooperative reached financial stability for the first time in its five year history. New income streams were secured, including £58,000 in grant funding (2024: £15,000) and £66,000 in donations, much of which came through corporate sponsorship and partnerships with local restaurants. This represents a significant broadening of community support and reduces reliance on ad hoc funding.

Rental income from property was reviewed during the year and adjusted in line with local market trends, contributing to improved investment income and strengthening unrestricted funds.

Taken together, these developments represent not simply a one year increase in income, but a structural improvement in the Church’s financial resilience and sustainability.

Total expenditure for the year amounted to £388,196 (2024: £327,075) an increase of £61,121 (18%). Notable increases in expenditure have been applied to:

The PCC continues to face the challenge of managing St Alphege Hall. At present, only part of the building is occupied, with business rates and insurance liabilities for the vacant portion falling to the PCC. While efforts have been made to dispose of this asset in order to release capital and reduce ongoing exposure, no acceptable offer had been received as at 3! December 2025. The future of St Alphege Hall therefore remains a significant financial and strategic consideration and will require focused attention during 2026.

St George the Martyr has a reserves policy, to ensure that there are resources (net current assets) to cover 12 weeks’ unrestricted expenditure. The resources available at 31 December 2025 of £275,665 (2024: £186,349) consist of total unrestricted funds of £127,217 (2024: £151,301) and designated funds (excluding the Land & Buildings and Fixed Asset Funds) of £148,448 (2024: £35,048). In relation to total unrestricted and designated expenditure of £271,900 (excluding the same designated funds), this equates to 52 weeks’ expenditure. Restricted fund balances at 31 December 2024 amount to £127,967 (2024: £47,610).

Investment Policy

The investment policy of St George the Martyr is to hold a diversified portfolio of investments across a broad range of asset classes. The performance objective is to support the Church, balancing the needs of both current and future beneficiaries, and to do so in a manner appropriate to our mission and values.

Investment is managed by the South London Church Fund & Southwark Diocesan Board of Finance. The PCC, as trustees, intend to conduct a review of this policy and these arrangements in the course of 2026 to ensure they remain fit for purpose.

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Charity Number | 132726

St George the Martyr with St. Alphege and St. Jude, Southwark

Trustees’ Annual Report (continued) For the year ended 3! December 2025

Public benefit

The members of the PCC have given due consideration to Charity Commission published Guidance on the operation of the Public Benefit requirement. Public benefit is achieved by both social outreach and services and other events being open to all.

Going concern

The financial statements have been prepared on the basis that the charity is a going concern. The members of the PCC consider that there are no material uncertainties about the charity’s ability to continue as a going concern due to resources held and forecast income and expenditure.

Events after the balance sheet date

The members of the PCC are not aware of any events after the balance sheet date requiring disclosure.

Statement of Responsibilities of the PCC

PCC members are responsible for the annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires that PCC members must not approve financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources of the charity for the year. In preparing those financial statements PCC members are required to:

The PCC members are responsible for keeping proper accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Church Accounting Regulations 2006 and the Charities Act 2011 and the regulations thereunder. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

4 ! Father Benjamin Bell (Rector), on behalf of the PCC Date: 24 February 2026

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Charity Number | 132726

St George the Martyr with St. Alphege and St. Jude, Southwark

Independent auditor’s report to the Members of the Parochial Church Council of St George the Martyr with St Alphege and St Jude, Southwark

Opinion

We have audited the financial statements of the Parochial Church Council of St George the Martyr with St Alphege and StJude, Southwark (the “charity”) for the year ended 3! December 2025 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

. give a true and fair view of the state of the charity’s affairs as at 31 December 2025 and of its incoming resources and application of resources, for the year then ended; . have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and . have been prepared in accordance with the Church Accounting Regulations 2006 and the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the members of the Parochial Church Council’s (PCC’s) use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the members of the PCC with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The members of the PCC are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the annual report of the PCC.

We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion: . the information given in the financial statements is inconsistent in any material respect with the annual report of the PCC; or . adequate accounting records have not been kept; or . the financial statements are not in agreement with the accounting records; or . we have not received all the information and explanations we require for our audit.

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Charity Number | 132726

St George the Martyr with St. Alphege and St. Jude, Southwark

Independent auditor’s report to the Members of Parochial Church Council of St George the Martyr with St Alphege and St Jude, Southwark (continued)

Responsibilities of the members of the PCC

As explained more fully in the Statement of Accounting and Reporting Responsibilities on page 6, the members of the PCC are responsible for the preparation of financial statements and for being satisfied that they give a true and fair view, and for such internal control as the members of the PCC determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the members of the PCC are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the members of the PCC either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities is available on the Financial Reporting Council’s website at www.fre.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report. Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the charity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the charity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the charity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

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Charity Number | 132726

St George the Martyr with St. Alphege and St. Jude, Southwark

Independent auditor’s report to the Members of Parochial Church Council of St George the Martyr with St Alphege and St Jude, Southwark (continued)

Use of our report

This report is made solely to the members of the PCC, as a body, in accordance with Chapter 3 of Part 8 of the Charities Act 2011. Our audit work has been undertaken so that we might state to the members of the PCC those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the members of the PCC as a body, for our audit work, for this report, or for the opinions we have formed.

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Ase' AdA Servw
Azets Audit Services
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Chartered Accountants

Statutory Auditor

2" Floor, Regis House, 45 King William Street, London EC4R 9AN

Dates 2% Mesol pie oe

Azets Audit Services is eligible for appointment as auditor by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

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Charity Number | 132726

St George the Martyr with St. Alphege and St. Jude, Southwark

Statement of Financial Activities for the Year ended 31**‘ December 2025

Note General Designated Restricted Endowment Total funds Total funds Total funds Total funds Total funds Total funds
fund funds funds funds 2025 2024
Income from: 2
Donations and legacies 51,730 10,000 154,305 - 216,035 55,661
Othertradingactivities 36,667 - (750) - 35,917 28,928
Investments 228,205 - - 18,252 246,457 212,972
Church activities 6,110 - 49,764 - 55,874 © 52,736
Total income 322,712 10,000 203,319 18,252 554,283 350,297
Expenditure on: 3
Raisingfunds 49,639 - - - 49,639 36,547
Church activities 222,075 186 116,296 - 338,557 290,528
Total expenditure 271,714 186 116,296 - 388,196 327,075
Net incomebefore gains/(losses) 50,998 9814 87,023 «18,252: 166,087 ~—Ss«(23,222
Gains on investments - 382,000 - 4,058 386,058 6,073
Losses on investments
- - - - - (382,000)
Netgains/(losses) on investments 5 - 382,000 - 4,058 386,058 (375,927)
Net incomebefore
transfers		 50,998 391,814 87,023 «22,310 + 552,145 (352,705)
Transfers 9
Gross transfers between funds (75,082) 100,000 (6,666) (18,252) - -
Netmovement infunds (24,084) 491,814 80,357 4,058 552,145 (352,705)
Total funds brought forward 151,301 6,786,634 47,610 525,337 7,510,882 7,863,587
Totalfundscarriedforward 127,217 7,278,448 127,967 529,395 8,063,027 7,510,882

II

Charity Number | 132726

St George the Martyr with St. Alphege and St. Jude, Southwark

Balance sheet as at 31‘‘ December 2025

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||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |Note|General|Designated|Restricted|Endowment|Total|funds|Total|funds| |fund|funds|funds|funds|2025|2024| |Fixed|assets| |Tangible|assets|5|1,468|1,602|-|-|3,070|3,586| |Investments|5|-|7,130,000|-|509,395|7,639,395|7,253,337| |1,468|7,131,602|-|509,395|7,642,465|7,256,923| |Current|assets| |Stocks|6|-|-|500|-|500|600| |Debtors|7|27,940|-|2,880|-|30,820|27,146| |Cash|at|bank|and|in|hand|136,983|148,634|127,545|20,000|433,162|287,131| |164,923|148,634|130,925|20,000|464,482|314,877| |Liabilities| |Liabilities:|Amounts|falling|due|in|one| |year|8|39,174|1,788|2,958|.|43,920|60,918| |39,174|1,788|2,958|-|43,920|60,918| |Net current assets|125,749|146,846|127,967|20,000|420,562|253,959| |Net|assets|127,217|7,278,448|127,967|529,395|8,063,027|7,510,882| |Represented|by| |General|fund|127,217|-|-|-|127,217|151,301| |Designated|funds|-|7,278,448|-|-|7,278,448|6,786,634| |Restricted|funds|-|-|127,967|-|127,967|47,610| |Endowment funds|-|-|-|529,395|529,395|525,337| |Funds|of the|charity|9|127,217|7,278,448|127,967|529,395|8,063,027|7,510,882|

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Approved by the PCC at its meeting on 24 February 2026 and signed on its behalf.

Signed: Signed: Sel tt mith ver 13, 2026 10:11:32 GMT) Reverence Benjamin Bell Mr James Blythe

Rector

Churchwarden & Treasurer

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St George the Martyr with St. Alphege and St. Jude, Southwark

Charity Number | 132726

Notes to the Financial Statements for the year ended 31*t December 2025

| ACCOUNTING POLICIES

The charity is registered with the Charity Commission in England and Wales. Its registered office is: St George the Martyr Church, Borough High Street, London SEI IJA.

The principal accounting policies adopted in the preparation of the financial statements are as follows:

Basis of preparation

The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006, the Charities’ Statement of Recommended Practice (Charities SORP (FRS 102)) and Financial Reporting Standard 102 (FRS 102).

The financial statements have been prepared under the historical cost convention, except for the valuation of listed investments and investment property, which are shown at a market value.

The charity prepares its financial statements in pounds sterling, rounding to the nearest £1.

The charity constitutes a public benefit entity as defined by FRS 102.

Going Concern

The trustees consider that there are no material uncertainties about the ability of St George the Martyr to continue as a going concern. There are no material uncertainties affecting the current year’s accounts.

Funds

General funds represent the funds of the Parochial Church Council (PCC) that are not subject to any restriction regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.

The accounts 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 main affiliation to another body nor those that are informal gatherings of Church members.

Income

Income is included when the church has entitlement to the income, it is probable the income will be received, and the amount can be reliably measured.

Donations and legacies

Collections are recognised when received by or on behalf of the PCC. Income tax recoverable on gift aid donations is recognised when the donation is received.

Grants and legacies to the PCC are accounted for when the PCC is notified of legal entitlement and the amount due. Fund raising events are accounted for gross.

Borough Food Co-operative (BFC) shop takings are accounted for gross.

Other trading activities

Rental income from the letting of church premises is recognised when the rental is due.

Income from investments

Interest is accounted for when receivable. Tax recovered on such income is recognised in the same accounting year.

Church activities

Fees and other income are recognised when the church has entitlement to the income.

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St George the Martyr with St. Alphege and St. Jude, Southwark

Charity Number | 132726

Notes to the Financial Statements for the year ended 31** December 2025

| ACCOUNTING POLICIES (continued)

Gains and losses on investments

Unrealised gains or losses are accounted for on revaluation of investments at 3! December.

Expenditure

All expenditure is accrued as soon as a liability is considered probable.

Donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. Support costs include the general running of the church and are recognised when goods or services have been received.

Activities directly relating to the work of the church The contribution to the Fairer Share initiative is accounted for when payable. Any such contribution unpaid at 31 December is provided for in these accounts and is shown as a creditor in the Balance Sheet.

Fixed assets

Consecrated land and buildings and movable church furnishings

Consecrated and beneficed property is excluded from the accounts by 10 (2) (a) of the Charities Act 2011. Other buildings on the site comprise the church and vestry, defined within the accounting regulations as "excluded consecrated and beneficed property.” No valuation is shown for these as none exists and, although the church is responsible for their upkeep, they are owned by the Diocese.

No value is placed on movable 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 movable church furnishings, whether maintenance or improvement, is written off as expenditure in the Statement of Financial Activities and separately disclosed.

Other land and buildings

Freehold land is not depreciated. No depreciation is provided on these buildings where their estimated residual value is not less than their carrying value. The cost for owned property, whilst in use by the PCC for clergy and not let commercially, is recorded at its carrying value when its use changed from investment property to charity use.

Other fixtures, fittings and office equipment. Individual items of equipment with a purchase price of £500 or less are written off when the asset is acquired.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Furniture, fixtures and equipment - 20% on cost

Investments

Investments are valued at fair value at 31 December. Investment property is valued at the PCC’s estimate of the fair value of the property. The Statement of Financial Activities includes the net gains and losses on revaluations and disposals throughout the year and are shown as a component of net income.

Current assets

Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable. Prepayments are valued at the amount prepaid.

Short-term, highly liquid deposits include cash held on deposit either with the Central Board of Finance of the Church of England or at the bank.

Stock consists of food items held by the Borough Food Co-operative (BFC).

14

St George the Martyr with St. Alphege and St. Jude, Southwark

Charity Number | 132726

Notes to the Financial Statements for the year ended 31** December 2025

| ACCOUNTING POLICIES (continued)

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation arising from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at their settlement amount.

Financial instruments

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Commitments under operating leases

Rentals under operating leases are charged to the Statement of Financial Activities as they fall due.

Irrecoverable Value Added Tax

The PCC is not registered for Value Added Tax (VAT) and accordingly expenditure is shown gross of irrecoverable VAT. The VAT incurred from time to time on certain fabric repair and maintenance expenditure can, however, be recovered under the Listed Places of Worship Grant Scheme.

Taxation

The charity is exempt from tax on its charitable activities.

Termination payments

Redundancy and termination costs are recognised as an expense in the Statement of Financial Activities and a liability on the Balance Sheet immediately at the point demonstrably committed to provide termination benefits as a result of an offer made in order to encourage voluntary redundancy.

2 Income

2.1 Donations and legacies

General Designated Restricted Endowment Total funds
Total		 Total funds
Total		 funds
fund funds funds funds 2025 2024
GiftAid — Bank 13,309 - - - 13,309 5,450
GiftAid— Envelopes - - - - - 246
Other planned giving 13,771 - 7,500 - 21,27] 3,808
Loose plate collections 9,805 - - - 9,805 9,193
One-offGiftAid gifts
Donations appeals etc		 1,540
8,169		 -
10,000		 -
77,576		 -
-		 1,540
95,745		 -
16,451
Tax recoverable on Gift Aid 3,582 - 429 - 4,011 3,991
Non-recurring one-offgrants 1,500 - 68,800 - 70,300 15,000
Other voluntary income received 54 - - - 54 1,522
Total 51,730 10,000 154,305 - 216,035 55,661

The comparative figures for 2024 were: Unrestricted - £30,693, Designated - £nil, Restricted - £24,968 and Endowment £nil.

15

St George the Martyr with St. Alphege and St. Jude, Southwark

Charity Number | 132726

Notes to the Financial Statements for the year ended 31‘* December 2025

2 Income (continued)

2.2 Other trading activities

General Designated Restricted Endowment Endowment Total funds
Total		 funds
fund funds funds funds 2025 2024
Crypt Rentals Regular 6,845 - (750) - 6,095 14,837
Use ofChurch 27,383 - - - 27,383 14,091
VAT Refund 2,439 - - - 2,439 -
Total 36,667 - (750) - 35,917 28,928
The comparative figures for 2024 were: Unrestricted - £28,928, Designated - £nil, Restricted - £nil and Endowment fnil.
2.3 Investment income
General Designated Restricted Endowment Total funds Total funds
fund funds funds funds 2025 2024
West Bequest Income - - - 5,269 5,269 5,059
StGeorge Endowment Fund Income - - - 12,983 12,983 13,509
Bankand Building Society interest 3,426 - - - 3,426 2,935
Pocock Street Flat Lettings 153,234 - - - 153,234 130,242
StAlphege Hall / 50 Rushworth Street Lettings 71,367 - - - 71,367 61,227
Dividends 178 - - - 178 -
Total 228,205 - - 18,252 246,457 212,972

The comparative figures for 2024 were: Unrestricted - £28,928, Designated - £nil, Restricted - £nil and Endowment fnil.

2.3 Investment income

The comparative figures for 2024 were: Unrestricted - £194,404, Designated - £nil, Restricted - £nil and Endowment £18,568.

2.4 Church activities

General Designated Restricted Endowment Total funds Total funds Total funds
fund funds funds funds 2025 2024
Charity ofThomas Dickinson - - 3,644 - 3,644 2,610
Fees forweddings and funerals 1,918 - - - 1,918 54
Rectory and Garden Income 4,192 - - - 4,192 -
BFC Corporate Volunteering - - 3,519 - 3,519 3,506
BFC Shop Takings - - 42,601 - 42,601 46,566
Total 6,110 - 49,764 - 55,874 52,736

The comparative figures for 2024 were: Unrestricted - £54, Designated - £nil, Restricted - £52,682 and Endowment fnil.

The comparative SOFA figures for Total income for 2024 were: Unrestricted - £254,079, Designated - f£nil, Restricted - £77,650 and Endowment £18,568.

16

St George the Martyr with St. Alphege and St. Jude, Southwark

Charity Number | 132726

Notes to the Financial Statements for the year ended 31** December 2025

3 Expenditure

3.1 Raising funds

3.1.1 Raising funds - cost of generating St Alphege Hall / 50 Rushworth Street income

General Designated Restricted Endowment Total funds
Total		 Total funds
Total		 funds
fund funds funds funds 2025 2024
Legal and professional - - : : - 585
Maintenance 3,992 - - - 3,992 1,464
Insurance 5,572 - - - 5,572 7,245
Utilities 24,223 - - : 24,223 18,755
Total 33,787 - - : 33,787 28,049
3.1.2 Raisingfunds-cost ofgenerating Pocock Street Flats income
General Designated Restricted Endowment Total funds
Total		 funds
fund funds funds funds 2025 2024
Maintenance 11,730 - - - 11,730 3,819
Legal and professional - - - - - (1,220)
Insurance 2,438 : - : 2,438 2,371
Utilities 644 - - : 644 2,212
Total 14,812 - - : 14,812 7,182
General Designated Restricted Endowment Total funds
Total		 funds
fund funds funds funds 2025 2024
Governance costs (Note 3.3) 1,040 - - - 1,040 1,316
Total 49,639 - - : 49,639 36,547

3.1.2 Raising funds - cost of generating Pocock Street

The comparative figures for 2024 were: Unrestricted - £36,547, Designated - £nil, Restricted - £nil and Endowment - £nil.

17

St George the Martyr with St. Alphege and St. Jude, Southwark

Charity Number | 132726

Notes to the Financial Statements for the year ended 31*t December 2025

3 Expenditure (continued)

3.2 Church activities and support costs

General Designated Restricted Endowment Total funds
Total		 Total funds
Total		 funds
fund funds funds funds 2025 2024
Fees paid to fund raisers - - - - - 560
Borough Food Co-op Direct Expenses - - 40,598 - 40,598 38,475
Bank and Finance Charges 67 - 310 - 377 1,594
Charitable Donations & Outreach - - - - - 50
Diocesan Parish Share Contribution 48,500 - - - 48,500 46,200
Curate Housing and Expenses 14,975 - - - 14,975 -
Wages 45,832 - 33,086 - 78,918 66,880
Music & Musician Expenses 6,154 - 447] - 10,625 11,718
Sacristy& Service Expenses 28,906 - - - 28,906 2,750
Working Expenses ofIncumbent 905 - - - 905 227
Education 592 - 509 - 1,10] 555
Promotion ofChurch and Crypt - - - - - 1,314
Church running - insurance 5,284 - 1,762 - 7,046 5,848
Telephone, Broadband, Stationery& Postage 773 - 752 - 1,525 4,464
Photocopier lease 1,890 - - - 1,890 7,606
Maintenance 13,761 - 3,187 - 16,948 15,535
Cleaning Services and Materials 8,500 - 7,973 - 16,473 19,270
Pest Control 1,782 - 1,782 - 3,564 540
Fire Protection& Health and Safety 230 - 133 - 363 340
Refuse and Recycling 273 - 820 - 1,093 1,142
Rectory and Garden Maintenance 4,192 - - - 4,192 -
Upkeep ofchurchyard 1,428 - - - 1,428 -
Administration 14,143 - 6,338 - 20,481 15,510
Church running - utilities 10,118 - 5,655 - 15,773 27,591
Kitchen supplies and equipment - 186 - - 186 502
Refreshments 1,919 - - - 1,919 1,523
Depreciation 4,033 - 320 - 4,353 7,022
Accountancy 5,222 - 1,836 - 7,058 -
Governance costs (Note 3.3) 2,596 - 6,764 - 9,360 13,312
Total 222,075 186 116,296 - 338,557 290,528

The comparative figures for 2024 were: Unrestricted - £176,892, Designated - £7,022, Restricted - £106,614 and Endowment - ENil.

The comparative SOFA figures for Total expenditure for 2024 were: Unrestricted - £213,439, Designated - £7,022, Restricted - £106,614 and Endowment - £Nil.

18

St George the Martyr with St. Alphege and St. Jude, Southwark

Charity Number | 132726

Notes to the Financial Statements for the year ended 31% December 2025

3.3 Governance costs

The PCC initially identifies the costs of its support functions and includes them in Notes 3.1 and Notes 3.2. It then identifies those costs which relate to the governance function. Having identified its governance costs these are apportioned between the Costs of generating funds (Note 3.1) and Charitable activities (Note 3.2). The table below shows the basis for apportionment and the analysis of governance costs.

|||||Total|Note3.|||Note 3.2|Apportionment basis| |---|---|---|---|---|---|---|---|---| |Audit|fees|-|unrestricted|2,596|1,040||3,636|Estimated cost activity| |Audit|fees|-|restricted|6,764|-||6,764|Estimated direct cost| |Total||||9,360__|1,040|_|10,400||

The PCC meet all governance costs from unrestricted funds apart from the apportionment to the Borough Food Co-operative.

STAFF COSTS
2025 2024
£ £
Wages, salaries and healthcare 72,608 63,233
Social securitycosts (employer) 2,336 584
Pensions contributions (employer) 3,974 3,063
78,918 66,880

During the year the PCC employed various staff; none of whom earned £60,000 p.a. or more. The stipend for Father Benjamin Bell was paid directly by the Church Commissioners.

Key management personnel received remuneration and benefits of £37,400 (2024: £47,704). In addition to the clergy the average number of staff employed during the period was 4 (2024: 4).

5 FIXED ASSETS

TANGIBLE ASSETS

TANGIBLE ASSETS
Fixtures and Total
equipment
Cost £ £
At
 January 2025 56,090
Additions 3,837 3,837
At 31 December 2025 59,927 59,927
Depreciation
At
 January 2025 52,504
Charge 4,353 4,353
At 31 December 2025 56,857 56,857
Net book value
At 31 December 2025 3,070 3,070
At31December2024 3,586 3,586

19

St George the Martyr with St. Alphege and St. Jude, Southwark

Charity Number | 132726

Notes to the Financial Statements for the year ended 31*t December 2025

5 FIXED ASSETS (continued)

INVESTMENTS

INVESTMENTS
Value Unrealised Transfer Value
brought gains on from fixed carried
forward revaluation assets forward
£ £ £ £
StAlphege Hall 2,839,000 315,000 - 3,154,000
StAlphege House (Pocock Street flats) 3,909,000 67,000 - 3,976,000
Investment properties —total 6,748,000 382,000 - 7,130,000
West Bequest Investment 116,727 7,280 - 124,007
Endowment fund 388,610 (3,222) - 385,388
Listed investments - total 505,337 4,058 - 509,395
7,253,337 386,058 - 7,639,395

The carrying value of both St Alphege Hall and St Alphege House (Pocock Street flats) are based on the estimated fair value at the year end. The PCC uses information obtained from local estate agents who are independent of the PCC.

St Aphege Hall and St Alphege House are held by The South London Church Fund & Southwark Diocesan Board of St Aphege Hall and St Alphege House are held by The South London Church Fund & Southwark Diocesan Board of St Aphege Hall and St Alphege House are held by The South London Church Fund & Southwark Diocesan Board of St Aphege Hall and St Alphege House are held by The South London Church Fund & Southwark Diocesan Board of St Aphege Hall and St Alphege House are held by The South London Church Fund & Southwark Diocesan Board of
Finance (SLCF). The maintenance ofthe PCC’s asset in the name ofSLCF is both a current legal requirement and aids the
practicalities of land holdings and possible disposals.
6 STOCK 2025 2024
£ £
Food stocks 500 600
7 DEBTORSAND PREPAYMENTS 2025 2024
£ £
Income tax recoverable (gift aid) 7,743 7,743
Trade debtors 11,300 -
Prepayments 2,075 6,980
Accrued income 2,359 8,250
Other debtors 7,343 4,173
30,820_ ___27,146 27,146
8 LIABILITIES:AMOUNTS FALLING DUEWITHIN ONEYEAR 2025 2024
£ £
Trade creditors 9,373 16,326
Accruals 15,703 29,398
Deferred income 9,074 7,097
PAYE/NIC 2,243 1,072
Other creditors 7,527 7,025
43,920 ___60,918 60,918
Deferred income (in respect ofrent received in advance)
Deferred income at January 7,097
Deferred in the year 9,074 7,097
Amounts releasedfrom previous years (7,097) (5,500)
Deferred income at 3! December 9,074_ 7,097
20

St George the Martyr with St. Alphege and St. Jude, Southwark

Charity Number | 132726

Notes to the Financial Statements for the year ended 31°‘ December 2025

==> picture [479 x 423] intentionally omitted <==

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |9|FUNDS| |Funds summary for the|year ended|31|December|2025| |Balances|Income|__|Expenditure|Transfers|Gains|and|Balances| |Fund|and type|brought|losses|carried| |forward|forward| |£|£|£|£|£|£| |General|fund|151,301|322,712|271,714|(75,082)|-|127,217| |151,301|322,712|271,714|(75,082)|-|127,217| |Designated|funds| |Land|and|Buildings|Fund|6,748,000|-|-|-|382,000|7,130,000| |Fixed|Assets|Fund|3,586|-|-|(3,586)|-|-| |Kitchen|Refurbishment|-|10,000|186|3,586|-|13,400| |Capital|Works|-|se|-|100,000|-|100,000| |Organ|Fund|35,048|-|-|-|-|35,048| |Total|designated|funds|6,786,634|10,000|186|100,000|382,000|7,278,448| |Restricted|funds| |Borough|Food|Co-operative|Fund|-|168,825|111,825|-|-|57,000| |Borough|Capital|Donation|45,000|-|-|-|-|45,000| |Continental|Trust|Mission|-|20,000|-|(6,666)|-|13,334| |Fresh|Expressions|-|10,000|447||-|-|5,529| |Vestry|Refurbishment|-|850|-|-|-|850| |Thomas|Dickinson|2,610|3,644|-|-|-|6,254| |Total|restricted|funds|47,610|203,319|116,296|(6,666)|-|127,967| |Endowment funds| |St George|the|Martyr|408,610|12,983|-|(12,983)|7,280|415,890| |West|Bequest|Endowment|116,727|5,269|-|(5,269)|(3,222)|113,505| |Total|endowment funds|525,337|18,252|-|(18,252)|4,058|529,395| |TOTAL FUNDS|7,510,882|554,283|388,196|-|386,058|8,063,027|

----- End of picture text -----

Other grants

Included in Borough Food Co-operative Fund is an amount received and spent in the year of £15,000 from Southwark Charities.

Food donations were received from Fareshare, Ted’s Veg, a local bakery, and individuals, for which we are extremely grateful noting that the amounts are not quantifiable and are therefore not included in the accounts as monetary amounts.

21

Charity Number | 132726

St George the Martyr with St. Alphege and St. Jude, Southwark

Notes to the Financial Statements for the year ended 31‘t December 2025

9 FUNDS (continued)

==> picture [478 x 340] intentionally omitted <==

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |Comparative|year|Funds summary for the|year ended|3!|December|2024| |Balances|Income|Expenditure|Transfers|Gains|and|Balances| |Fund|and|type|brought|losses|carried| |forward|forward| |£|£|£|£|£|£| |General|fund|114,589|254,079|213,439|(3,928)|-|151,301| |114,589|254,079|213,439|(3,928)|-|151,301| |Designated|funds| |Land|and|Buildings|Fund|7,130,000|-|-|-|(382,000)|6,748,000| |Fixed|Assets|Fund|10,608|-|7,022|-|-|3,586| |Organ|Fund|35,048|-|-|-|-|35,048| |Total|designated|funds|7,175,656|-|7,022|-|(382,000)|6,786,634| |Restricted|funds| |Borough|Food|Co-operative|Fund|9,078|75,040|106,614|22,496|-|-| |Borough|Capital|Donation|45,000|-|-|-|-|45,000| |Thomas|Dickinson|-|2,610|-|-|-|2,610| |Total|restricted|funds|54,078|77,650|106,614|22,496|-|47,610| |Endowment funds| |St|George|the|Martyr|405,318|13,509|-|(13,509)|3,292|408,610| |West|Bequest|Endowment|113,946|5,059|-|(5,059)|2,781|116,727| |Total|endowment funds|519,264|18,568|-|(18,568)|6,073|525,337| |TOTAL FUNDS|7,863,587|350,297|327,075|-|(375,927)|7,510,882|

----- End of picture text -----

Other grants

Included in Borough Food Co-operative Fund is an amount received and spent in the year of £10,000 from Southwark Charities.

Food donations were received from Fareshare, Ted’s Veg, a local bakery, and individuals, for which we are extremely grateful noting that the amounts are not quantifiable and are therefore not included in the accounts as monetary amounts.

22

Charity Number 1132726

Notes to the Financial Statements for the year ended 31** December 2025

St George the Martyr with St. Alphege and St. Jude, Southwark

9 FUNDS (continued)

Net assets

Investments comprise the Land and Buildings Fund (which is the value of St Alphege Hall and St Alphege House (Pocock Street flats)), St George the Martyr Endowment Fund and the West Bequests Endowment Fund; and net current assets comprise the balance of the General Fund and all other funds.

Designated funds

Land and Buildings Fund is the valuation of St Alphege Hall and St Alphege House (Pocock Street flats). These provide lettings income that support the church activities.

Kitchen refurbishment: Donation given for Capital works that support the work of the Borough Food Co-operative.

Capital works: Funds allocation for the maintenance and improvements of the Church building in accordance with the PCC’s maintenance plan.

Organ Fund (OF) is monies set aside by the PCC, and donations, specifically for the purpose of restoring and rebuilding the organ.

Restricted funds

Borough Food Co-op Fund (BFCF) has been built on the food bank and community fridge. It provides food for those experiencing financial strain and reducing food waste.

Borough Capital Donation Fund is for the renewal and improvement of the kitchen facilities used by the Borough Food Cooperative.

Continental Trust Mission: To support the Mission of the Church to be spent at the Discretion of the Rector.

Fresh Expressions: Grants given towards the cost of setting up and running Holy Hour.

Vestry refurbishment: Restricted Fund to support the refurbishment of the Little Dorrit Vestry.

Thomas Dickinson: |. To assist persons under the age of 25 years who are resident, or work, or at least one of whose parents work in the ancient parishes of St. Giles without Cripplegate (including the area of the ancient parish of St. Luke’s), St. Sepulchre, St. George, St. Olave, Southwark and St. Mary Magdalen, Bermondsey who are in need of financial assistance and who are preparing for, entering upon or engaged in any profession, trade, occupation or service, by providing them with outfits, or by paying fees, travelling or maintenance expenses, or by such other means for this advancement in life or to enable them to earn their living as the Trustees think fit. 2. In otherwise promoting the education (including social and physical training) of such persons. 3. In providing financial assistance to any charitable organisation in the area of benefit whose objects include the education or the improvement of the condition of life of persons under the age of 25 years by developing their physical, mental or moral capacities through leisure-time occupation.

Endowment funds

St George the Martyr Endowment (SGME) is an investment fund created from combining various funds held by the Diocese on behalf of the Parish, together with the three CCLA accounts held directly by the Parish. This is available to be used to support the church activities.

West Bequest Endowment (WBE) is an investment fund that is used to support the church activities; a proportion of the income is available to be paid to St Jude’s School at the discretion of the PCC.

23

Charity Number | 132726

St George the Martyr with St. Alphege and St. Jude, Southwark

Notes to the Financial Statements for the year ended 31** December 2025

9
FUNDS (continued)
Fund transfers
GF CT™M CW SGME/
WBE
£ £ £ £
General fund (GF) —transfer ofexpenditure on the
ContinentalTrustMissionFund(CTM)		 6,666 (6.666)
General fund (GF) - transfer to support the
CapitalWorks Fund(CW)		 (100,000) 100,000
StGeorge the Martyr Endowment—transfer
to support the General Fund		 12,983 (12,983)
West Bequests Endowment —transfer to
support the General Fund		 5,269 (5,269)
10
RELATEDPARTIES

Any expenses paid to clergy and other Trustees may include a small immaterial proportion which relates to their function as PCC members.

None of the current Trustees received any remuneration during the year.

The authority to make payments to trustees under the Charities Act 2006 is: a) such payments are deemed to be in the best interest of the charity b) they are paid under a contract of employment or other contract c) a minority of the PCC receives payments, and d) the PCC (Powers) Measure 1956 and Church Representation Rules do not prohibit such payments.

The church is part of the Church of England and payment is made to the Diocese of Southwark in the form of a contribution to the Parish Support Fund.

There is no other organisation or individual who is considered to be a related party of the Church.

I LEASING COMMITMENTS

The charitable company’s total future minimum lease payments under operating leases at 31 December were payable as set out below:

out below:
2025 2024
£ £
Within one year - 1,890
Within two to five years - -
- 1,890
The operating lease charges for the year were:
-
Hire of plant and machinery 1,890 7,558

24

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Final Audit Report 2026-03-13
Created: 2026-03-13
By: Ben Bell (Rector@Borough.Church)
Status: Signed
Transaction ID: CBJCHBCAABAAJIZMBTniq2S9ZpxyN82cgdq8ExyGd419
"St George the Martyr 2025 Accountss FINAL" " HistoryA
) Document created by Ben Bell (Rector@Borough.Church)
2026-03-13 - 10:06:42 AM GMT- IP address: 81.140,129.255
E% Document emailed to James Blythe (jamesblythe@gmail.com) for signature
2026-03-13 - 10:06:49 AM GMT
©) Email viewed by James Blythe (jamesblythe@gmail.com)
2026-03-13 - 10:10:50 AM GMT- IP address: 142.250.32.5
® Document e-signed by James Blythe (jamesblythe@gmail.com)
Signature Date: 2026-03-13 - 10:11:32 AM GMT - Time Source: server- IP address: 87.224.10.122
© Agreement completed.
2026-03-13 - 10:11:32 AM GMT
----- End of picture text -----*

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Adobe Acrobat Sign
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