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2025-12-31-accounts

THE ECCLESIASTICAL PARISH OF OUR MOST HOLY REDEEMER CLERKENWELL | LONDON EC1

ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED DECEMBER 2025

CONTENTS

CHARITY INFORMATION 2
ADMINISTRATIVE INFORMATION 3
MEMBERSHIP OF THE PCC 3
THE VICAR’S REPORT 4
CHURCHWARDENS’ REVIEW OF THE YEAR 5
FINANCIAL REPORT 6
SAFEGUARDING REPORT 8
MAINTENANCE REPORT 9
DEANERY SYNOD REPORT 9
MUSIC REPORT 9
SUNDAY SCHOOL REPORT 10
THE EXMOUTH MARKET CENTRE REPORT 10
INDEPENDENT EXAMINER’S REPORT 13

CHARITY INFORMATION Charity Registration No.: 1133774 Governing Document: Parochial Church Council Powers Measure (1956) as Amended and Church Representation Rules Correspondence Address: Fr Christopher Trundle 24 Exmouth Market London EC1R 4QE Independent Examiner: Bruce Embleton Faith In Finance Limited 8 Old James Street Nunhead London SE15 3TS Bankers: Metro Bank One Southampton Row London WC1B 5HA Cooperative Bank PLC PO Box 25 Skelmersdale WN8 6WT CAF Bank 25 Kings Hill Avenue, Kings Hill, West Malling ME19 4JQ

2

ADMINISTRATIVE INFORMATION

OLY Redeemer is situated in Exmouth Market, Clerkenwell. It is part of the Diocese of London, within the Church of England. The correspondence address is The Parish Office, 24 Exmouth Market, London EC1R 4QE.

Structure, governance and management

The Parochial Church Council (“PCC”) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council (Powers) Measure 1956 (as amended). The PCC is a charity registered with the Charity Commission as “The Parochial Church Council of the Ecclesiastical Parish of Our Most Holy Redeemer, Clerkenwell” (Reg. No.1133774).

The method of appointment of PCC members is set out in the Church Representation Rules. The PCC is made up of six ex officio members and up to nine elected members. There is a Standing Committee of four members that deals with urgent business.

Aims

The PCC has the responsibility of assisting the incumbent in promoting, within the parish, the mission of the church, pastoral, evangelistic, social, and ecumenical. The wider aim of Holy Redeemer is to promote and maintain the Catholic faith within the Church of England, drawing people to the worship of God through Catholic teaching and practice.

As well as caring for its congregation Holy Redeemer runs the Exmouth Market Centre, which is used throughout the week by a great variety of organisations. The PCC has regard to the Charity Commission’s guidance on public benefit.

Safeguarding Statement

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 OF THE PCC

Ex Offcio Members
Incumbent The Revd Christopher TrundleSSC
Assistant Clergy The Revd Samuel William_s (from 28th June 2025)_
The Revd Nigel Palmer
Churchwardens Mary Robson Oliver Szcepanski
Deanery Synod Representatives Nicolas Holzapfel_(also Secretary to the PCC)_
Oliver Szczepanski
Elected and Co-opted Members
Elected members were elected at the APCM on 18th May 2025.
Gordon Ashworth_(Treasurer to the PCC)_ Heather James_(Safeguarding Offcer)_
Honour Astill Sharon O’Bryan
Nicholas Clark Sonia Watson
Justin Easom Vicky Welsh_(Electoral Roll Offcer)_
Christina Hutson_(Children’s Champion)_

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THE VICAR’S REPORT

T is once again a great joy to reflect on another remarkable year in the life of Our Most Holy Redeemer, Clerkenwell. Growth has not merely continued but deepened: in attendance, in commitment, in generosity, and—most importantly—in faith. It is now no longer unusual to welcome a hundred people across our Sunday Masses, and alongside this numerical growth there has been a notable increase in those enquiring about the faith, seeking the sacraments of initiation, and finding a spiritual home here.

Our new outreach initiatives have continued to flourish. Nightlight remains an important point of encounter which welcomes many hundreds throughout the year—often people who might never otherwise cross the threshold of a church. Sunday worship at both 11 AM and 5 PM continues to grow, with a heartening convergence of the two congregations.

One of the great gifts of this past year has been the welcome of Fr Sam Williams as our Curate, who joined us last summer. Fr Sam has quickly become an integral part of parish life, sharing generously in preaching, pastoral care, worship, and fellowship, and bringing warmth, prayerfulness, and good sense to all he does. We now look ahead with immense joy and prayerful anticipation to his ordination to the Sacred Priesthood this coming June, a significant moment not only for him but for us as a parish who have shared in his formation. His presence among us is a real sign of confidence in the parish and of hope for the future.

Our worship continues to be enriched by the highest standards of liturgy and music. I am deeply grateful to Thomas Kell and to Daniel Gethin and the many musicians who give so generously of their skill and time. The growth of the Children’s Choir and Sunday School has been one of the year’s particular joys. More recently, I note three broadcasts of choral services from Holy Redeemer on BBC Radio 3.

Beyond worship, the rhythms of community life—shared meals, pilgrimages, social gatherings and study —have strengthened bonds of fellowship and belonging. Isaiah Morris and Peter Sinclair deserve particular thanks, together with Fr Sam, for these developments. The work with children and families continues to flourish thanks to Lucy Razzall and a small team of dedicated helpers; our ministry of welcome has been strengthened; and many people now serve faithful and generously in ways both seen and unseen. More on our Walsingham Cell, recently re-established, in next year’s report.

I express my heartfelt thanks to all who serve this parish: clergy and lay leaders, those involved in mission and ministry, musicians and singers, children’s leaders, servers, the welcome team, and all who work so tirelessly in the kitchen and hall to make our food and fellowship such a gift. I am profoundly grateful to the PCC, our Churchwardens, and to Janette, our Administrator and Exmouth Market Centre Manager, whose dedication underpins so much of what we are able to offer. Fr Nigel’s untiring support is such an encouragement to me, and I am most grateful that he is so willing to share in the ministry here. My thanks go too to Madeleine, who now works in the office one day per week, and whose role, shared with Holy Trinity, Hoxton and S. Chad, Haggerston, is supported by the Hackney and Islington Mission Programme.

I am also thankful for the parish’s growing confidence reflected in improved financial stability, increased Common Fund contributions, and careful stewardship of our beautiful buildings—including the long-awaited Sacristy refurbishment. These practical signs of health enable our mission.

We remember with sadness, of course, the death in 2025 of Denise Gallagher, whose funeral took place here at Holy Redeemer. Denise touched so many lives through her generosity of spirit and her work at Clerkenwell Parochial School. Denise is much missed, but we give thanks for her life and witness.

As we look to the year ahead, we do so with confidence and humility, aware of God’s goodness and of our dependence upon his grace. It is a deep privilege to serve this community at what feels like a significant and hopeful moment in its life. Please continue to pray for me and for all who minister here, and be assured of my prayers for you all.

Fr Christopher Trundle Vicar

4

CHURCHWARDENS’ REVIEW OF THE YEAR

Electoral Roll

T the date of the 2025 APCM there were 64 people on the Electoral Roll. The Electoral Roll was renewed in 2025, and the number at the time of writing stands at 74.

Review of the Year

VER the past year, it has been a great joy to witness continued growth and renewal within the life of Our Most Holy Redeemer, Clerkenwell. Across both the 11 AM and 5 PM Sunday Masses, we have seen a significant rise in attendance, accompanied by an encouraging crossover between congregations. This merging of communities marks one of the most hopeful and formative periods in the parish’s recent history, as newcomers worship alongside long-standing members of the congregation.

Throughout the year, major feasts and celebrations have drawn increased numbers, with many people generously stepping forward to serve the parish when needed. From building the Christmas crib to cleaning the church for Easter, this willingness to contribute reflects a deepening sense of shared responsibility and belonging. Particularly heartening has been the growing presence of young people within our worship, alongside numerous new members of the congregation preparing for Baptism and Confirmation.

Our Nightlight evenings on the first Thursday of each month continue to be a remarkable outreach, welcoming large numbers of people through our doors. Many who attend would not ordinarily consider entering a church, but feel safe and welcome when accompanied by those of us out on Exmouth Market. For many, lighting a candle and offering a prayer is a first step that leads to deeper engagement with the life of faith.

The newly refurbished Sacristy

The parish’s work with children and families has flourished. Sunday School continues to grow, supported by Lucy’s thoughtful teaching and engaging activities that encourage regular attendance. The introduction of a Children’s Choir, guided by our organist Thomas, has brought great joy to our worship and is a powerful sign of the parish’s living future.

The liturgical year has, as always, been richly celebrated. Holy Redeemer Day was a particular highlight, with the procession routed through the park rather than the busy main road, children scattering petals before the Blessed Sacrament, and refreshments shared afterwards with friends from near and far. Christmas and Easter were celebrated with great warmth, with Christmas carols drawing ever-larger crowds and the welcome provision of mulled wine provided by Café Kick.

Beyond worship, pilgrimages and social gatherings have strengthened fellowship within the parish. A very wellattended pilgrimage to Walsingham has inspired plans for future visits, while events such as a forest walk and lunch

and a visit to the National Gallery organised by Sandy and Fr Nigel have offered great opportunities for connection and friendship.

We also give thanks for those who serve the parish in leadership. A number of us attended a training session for Churchwardens and PCC members, which proved invaluable. We would like to thank the PCC and the wider parish community for their continued dedication to maintaining our common life.

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This year has seen moments of both departure and welcome within our ministry team. We bid farewell to The Rev’d Toby Thomas as he departed for his mission in Australia, grateful for his wisdom and assistance as we began our new outreach initiatives. We have also sent out our former Pastoral Assistants, Thomas Johnston and George Hallam-Attree, to their respective seminaries as they prepare for ordination, carrying our prayers and gratitude with them.

At the same time, we have warmly welcomed new members to the team. Fr Sam Williams has joined us as Assistant Curate and has quickly become an integral part of parish life, contributing generously to worship, pastoral conversation, and community events alongside Peter Sinclair, our Lay Missioner. We are delighted to support them on their journeys towards priesthood. Isaiah Morris has also joined us as Pastoral Assistant, having grown close to the parish over the past year. Through leading our welcome ministries and strengthening our online presence, Isaiah has become an important bridge between ordained and lay ministry, and we look forward to supporting his vocational journey.

Significant progress has also been made in caring for our church building. The long-awaited renovation of the Sacristy is now complete, a development many once thought unlikely to see. We are deeply grateful to our Vicar, Fr Christopher Trundle, for overseeing this complex process while balancing parish and family life. We now look ahead with anticipation to the forthcoming restoration of the church flooring.

As we reflect on the year gone by, it is clear that OMHR stands at a moment of renewed energy and hope. Under the leadership of Fr Christopher and his team, the parish continues to grow not only in numbers but in confidence, collaboration, and mission. It truly feels like one of the most significant moments in the parish’s history.

As we look to the year ahead, we pray that our parish will continue to deepen its roots in the Catholic tradition while offering new eyes to the faith. May we keep building a stronger, more connected community together, serving Christ and one another with the generosity, warmth, and dedication that have so clearly characterised this past year.

It has been a privilege to serve as your Churchwardens during this time, and I give thanks for all that has been, and all that is still to come.

Mary Robson and Oliver Szczepanski Churchwardens

FINANCIAL REPORT

UR accounts show that for the year ended 31[st] December 2025 we generated a surplus of £4,413 which compares with a deficit of income over expenditure of £4,526 for the year ended 31 December 2024, which is a very good result. Unlike in recent years there were no exceptional expenses such as the projects undertaken (Lighting or Sound), and, also no exceptional income such as the Film Location income or indeed grants towards the projects that we undertook. Overall, it was a “normalised year”, and yet we still recorded a surplus. On a like for like basis therefore the result for 2025 represents a good improvement on 2024.

As at 31[st] December 2025 the PCC had £156,413 in nett assets compared with £152,000 in 2024. This includes cash at bank and in hand of £123,500 (2024: £150,982). On the face of it this looks like a drop in cash, but in effect it is not. At the end of 2024 we had received income in advance for projects to be completed in 2025 (e.g. the Mission project), and, also by the 2024 year end we had received all the monies due from the EMC (£21,000), this year we had not (they have been paid over since the year-end). So, on a like for like basis, cash at the end of 2025 is roughly equivalent to that as at the end of 2024. As at the 2025 year

6

end the PCC’s reserves policy of retaining £80,000 was met comfortably. Net assets are represented by 7 funds, which have not changed during the year:

Our income amounted to £204,273, (2024: £297,907) for the year ended 31[st] December 2025. This decrease is explained by a reduction in the grant income received for the Lighting and Sound projects. Rental income from the Institute building held up well at £54,052 (a small reduction on 2024 (£56,210) which is explained by minor rental voids. Otherwise:

We were able to increase our Common Fund offer to by £4,000 and contributed £39,000 during the year. We will be making a further increase in 2026, which is good to see. During the year a major refurbishment of the Sacristy was undertaken which included improved insulation and renovating the floor. These costs (£24,229) were capitalised and will be depreciated over five years. Otherwise, there were no noticeable increases in costs over the year save for a new boiler in the institute flat of £4,620.

Overall, the financial outcome for 2025 was good. We recorded a small surplus, maintained our cash and reserves position whilst continuing to improve on our contribution to the Common Fund.

Gordon Ashworth Treasurer

7

SAFEGUARDING REPORT

AFEGUARDING is not, of course, a ‘one off’ but a continuous duty of care shared across the whole church. Our focus recently has been to move beyond basic compliance and to develop a more proactive and vigilant safeguarding culture.

All PCC members are regularly reminded of the need to ensure their safeguarding training and DBS checks remains current. The Parish Safeguarding Officer, in conjunction with the Churchwardens, continue to carry out regular walk-throughs of the church building and ground to ensure that safeguarding posters are visible, up-to-date and accessible to all, with correct contact details clearly displayed.

Welcoming and vigilance at services also form an important part of our safeguarding approach. Members of the new meet & greet team act as the parish’s first point of contact and are encouraged to report any safeguarding concerns promptly to the Safeguarding Officer rather than attempting to manage concerns alone.

Finally, parish leadership remains committed to clear communication. The Safeguarding Officer will be introduced periodically during services and parish gatherings so that all congregation members— particularly children, young people, and vulnerable adults—know who they can approach and how to seek support if needed.

Safeguarding remains a shared responsibility, and the PCC continues to support measures that ensure our church is a safe and welcoming place for all.

Heather James Safeguarding Officer

8

MAINTENANCE REPORT

The following works were undertaken in 2025:

Janette Pountain Administrator

DEANERY SYNOD REPORT

HE Islington Deanery Synod met three times during 2025/2026 — 25[th] June 2025, 11[th] November 2025, and 19[th] March 2026. The Deanery has acted as a forum to discuss activities and duties including safeguarding, mission initiatives, and engagement with refugees and asylum seekers; it also appointed School Governors for further terms.. Looking forward to 2026/2027 similar activities are expected. The Synod is currently seeking a new Lay Chair after the incumbent stepped down after six years in the role.

Nicolas Holzapfel and Oliver Szczepanski Deanery Synod Representatives

MUSIC REPORT

NOTHER year of delectable choral music was led by our Director of Choral Music, Daniel Gethin. He seems constantly able to recruit and direct wonderful choral singers who can capably perform complex music from various traditions with limited preparation. The walls of Our Most Holy Redeemer resounded with compositions from the keystone Renaissance repertoire and from the Classical, Romantic and modern eras. Of the latter two we heard what was probably the debut outing at Holy Redeemer of a mass by the barely known Franz Schöpf (1836–1917) and the first performance of contemporary composer Richard Allain’s Cana’s Guest at the Epiphany Carol service. This Report offers the chance to express thanks to Daniel for his collegiality, imaginative programming and immense skill.

The church’s resident choirs returned for various Feast Days; for instance Happenstance providing a memorable Eve of Holy Redeemer Day Evensong, VOCE performing celebratory Hassler and Issac for Ascension Day and, for All Souls, Piculet singing Clemens non Papa’s deeply felt Missa defunctorum . The leaders and organisers of these groups, Matthew Swann, Jeremy Smith and Alice Beverley, spend a lot of time assembling and marshalling the forces required and we are grateful.

On most Sundays of the year the congregation will hear a soloist and cantor leading the worship and contributing an aria during communion. They again are able to provide a wide range of music from the principal eras of Western art music. The Director of Music is thankful to be able to call upon a pool of talented singers—included in which is member of our congregation Sonia Watson who again performed during Holy Week.

By the end of the year the Children’s Choir had grown to six young singers with Al and Rosie welcomed to join Cydney, Margot, Ronnie and Sophie. They performed on Good Friday, helping the observance of the Way of Cross, on the Fourth Sunday of Advent and on Christmas Eve. In July, after

9

performing during Mass, they were formally recognised as choristers in a short ceremony during which each child received a Royal School of Church Music certificate. It is a pleasure for the Director of Music to be able to work with this these talented and characterful children. He is grateful to them and to their parents and other family members for their considerable commitment and dedication.

Instrumental musicians enhanced our worship throughout the year. In addition to brass players at high points such as Palm Sunday, Holy Redeemer Day and the Exmouth Market Carol service we were also joined by drummers Lennie Charles and Usifu Jalloh, and, for the evening Mass on Tuesday of Holy Week, violinist Benedict Wong.

The musicians of the church receive immense support and appreciation from the congregation and the clergy. For that, and for the chance to worship God through music in the beautiful surroundings of Our Most Holy Redeemer, the Director of Music would like to express his renewed gratitude.

Thomas Kell Organist and Director of Music

SUNDAY SCHOOL REPORT

UNDAY School continues to be popular and there is a thriving community of children aged 1–14, many of whom also serve or sing in the Children’s Choir. Sunday School events are planed for the coming year. Special thanks to Rachel and Nermin for their valuable assistance and support.

Lucy Razzall Sunday School Lead

THE EXMOUTH MARKET CENTRE REPORT

It has been another very busy year in the hall with a large variety of events and classes taking place. We regularly receive many positive comments about the welcoming, well-equipped and comfortable nature of the space.

The following groups held regular classes, events and workshops throughout the year.

Vocal Ensembles/Orchestras

The following prestigious groups regularly rehearse in the hall: Exaudi, Opus Anglicanum, I Fagiolini, Dunedin Consort, Brecon Baroque. They often comment on how much they enjoy being here.

Aphasia New Music Group

This project has continued to use the hall for their termly workshop courses. In conjunction with UCL Communication Clinic, the group unites people with language difficulties, professional musicians, and speech and language therapists. The project develops and performs new music together. For people living with aphasia, this has a positive impact on communication skills, social networks, quality of life and wellbeing.

Chamber Orchestra

The orchestra hold their regular rehearsals in the hall and present their end of term concerts in the church.

Tango Classes

The weekly group meets in the hall, and the classes continue to be very popular. Private one to one classes are also held in the hall.

Clerkenwell Ballet

A number of weekly classes for children take place and they love being in the space. They also held their end of year showcase in the hall.

10

Perform Drama Group

This is a weekly session for children providing dance/drama and music activities usually ending each term with a showcase to family and friends. They also hold weekly holiday workshops in the hall.

Swing Patrol

This monthly event now takes place on Saturday afternoons. It is a swing and jazz dance class and social event. It is very popular and lots of positive comments are regularly received about the venue. This year they also began a Monday evening weekly Lindy Hop session.

Dalston Jump

Another swing dance group that holds monthly events in the space.

French Stand Up Comedy Night

This bi-monthly night is entirely in French.

French Improvisation Night

Another French speaking event which has been taking place.

Forro Brazilian Dance

This is a weekly night taking place on Saturday evenings. It is a dance class and social night and is a celebration of this partner dance which is becoming more popular in the UK. The organisers love being in the hall presenting this joyous, lively event.

Brazilian Zouk

A Brazilian partner dance event which takes place every Friday, and which attracts a regular group of attendees.

Sing-along children’s music sessions

The twice weekly sessions continue to be extremely popular with up to 300 parents and toddlers attending the groups each week. The Exmouth Market Centre continues to actively support the project. They also hold their Christmas fundraiser event here.

11

Maintenance and improvements

Ad-hoc bookings

Janette Pountain

Administrator and Manager of the Exmouth Market Centre

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BALANCE SHEET
Note
FIXED ASSETS
Tangible Assets
6
CURRENT ASSETS
Debtors
7
Cash at hand and in bank
Accounts Receivable
Tax Receivable
Prepayments
LIABILITIES FALLING DUE
WITHIN ONE YEAR
8
TOTAL ASSETS
LIABILITIES FALLING DUE
AFTER ONE YEAR
8
FUNDS
Surplus (Deficit) for the year
Reserves brought forward		 2025
£
£
41,421
0
123,500
21,000
2,458
5,315
152,274
37,282
156,413
0
156,413
4,413
152,000
156,413		 2025
£
£
41,421
0
123,500
21,000
2,458
5,315
152,274
37,282
156,413
0
156,413
4,413
152,000
156,413		 2024
£
0
150,982
0
2,243
739		 £
18,403
152,000
0
153,964
20,367
156,413
4,413
152,000		 152,000
-4,526
156,526
156,413 152,000

Approved by the Parochial Church Council on 1[st] May 2026 and signed on its behalf.

The Rev’d Christopher Trundle Vicar

INCOME STATEMENT
Unrestricted
Restricted
Total
Note
Funds
Funds
2025
£
£
£
Income & Endowments from:
Donations and Legacies
3.1
59,506
59,506
Charitable activities
3.2
114,190
114,190
Investment Income
3.3
-40
-40
Other income
3.4
30,617
30,617
204,273
0
204,273
EXPENDITURE
Expenditure on:
Fundraising
4.1
4,855
4,855
Charitable Expenditure
4.2
195,004
195,004
199,859
0
199,859
Net movement of Funds
4,413
4,413
Fund Transfers
0
0
Total funds brought forward
152,000
152,000
Total Funds carried forward
156,413
0
156,413		 Total
2024
£
38,581
236,068
16
23,243
297,907
1,744
300,690
302,433
-4,526
0
156,526
152,000
INCOME
3.1 Donations and Legacies
Planned giving
Collections (open plate) at all services
Donations, appeals etc
Tax Reclaims
Legacies
3.2 Charitable Activities
Institute Lettings
Contribution to Administrator's salary
Mission Project
Grant Income
Contribution to accomodation
Contribution to utilities
Fees
3.3 Investments
Bank interest
3.4 Other Income
EMC Contribution
VAT Recovery
Sundry income
TOTAL INCOME		 Unrestricted
Restricted
Total
Funds
Funds
2025
£
£
£
13,039
13,039
13,295
13,295
2,831
2,831
215
215
5,816
5,816
35,197
0
35,197
54,052
54,052
19,231
19,231
40,907
40,907
33,657
33,657
0
0
0
0
269
269
148,116
0
148,116
-40
-40
-40
0
-40
21,000
21,000
0
0
0
0
21,000
0
21,000
204,273
0
204,273		 Total
2024
£
12,933
10,037
6,125
5,207
6,521
40,824
56,210
19,231
10,427
148,342
0
0
1,858
236,068
-40
-40
21,000
0
26
21,026
297,877
EXPENDITURE
4.1 Fundraising costs
Fetes, bazaars and events
4.2 Charitable Expenditure
Mission Costs
Common Fund
Administrator salary & pension
Upkeep of services
Music
Insurance
Heat, light & water
Repairs & maintenance
Church major repairs
Postage, print & stationary
Parsonage expenses
Other property expense
Support Costs
Support costs
Accountancy
TOTAL Expenditure		 Unrestricted
Restricted
Total
Funds
Funds
2025
£
£
£
4,855
4,855
4,855
0
4,855
33,961
33,961
39,000
39,000
45,946
45,946
10,959
10,959
18,517
18,517
9,929
9,929
13,497
13,497
5,621
5,621
0
0
7,333
7,333
2,188
2,188
6,779
6,779
23
23
193,754
0
193,754
1,250
1,250
1,250
0
1,250
199,859
0
199,859		 Total
2024
£
1,515
1,515
10,427
35,000
31,487
4,515
21,379
9,665
14,723
2,542
161,824
4,521
2,206
1,148
52
299,489
1,430
1,430
302,433
NOTE 5 STAFF COSTS
Salaries and wages
Pension costs		 2025
£
44,575
1,371
45,946		 2024
£
28,753
2,734
31,487

No employee received more than £60,000 per annum. The clergy are remunerated by the diocese of London to which the Parish make contributions via the Common Fund.

NOTE 6 FIXED ASSETS USED BY THE PCC
Improvements to freehold land
Movable Church furnishings
Accumulated depreciation		 2025
£
42,632
19,306
-20,517
41,421		 2024
£
18,403
19,306
-19,306
18,403

Land and buildings comprise of the Church, the Clergy House and the Institute. So far as the PCC is aware the Church and Clergy house are consecrated land and the cost thereof is excluded from these financial statements. The Institute building has been assessed at £3,000,000.

NOTE 7 DEBTORS
Tax reclaim
Accounts Receivable
Prepayments
Miscellaneous
NOTE 8 LIABILITIES
AMOUNTS FALLING DUE WITHIN ONE YEAR
Deferred Income
Accruals
AMOUNTS FALLING DUE AFTER ONE YEAR
Lighting Fund Retainer		 2025
£
2,458
21,000
5,315
0
28,774
2025
£
29,383
7,899
37,282
0
0		 2024
£
2,243
0
739
2,982
2024
£
13,494
6,873
20,367
0
0

NOTE 9 FUND DETAILS

Movement on Funds 9a
Balance as at 1st January 2025
Net movement in resources
per the SOFA
Transfer between Funds
Balance as at 31st December 2024
Analysis of Net Funds 9b
Fixed Assets
Bank
Other Net Current Assets
Current Liabilities
Non Current Liabilities
Fund
General (Unrestricted)
Restricted
Baldacchino
Organ
Relief
Youth
Junior Church		 Total All
Total All
Unrestricted
Designated
Restricted
Funds
Funds
Funds
Funds
Funds
2025
2024
£
£
£
£
£
127,316
24,684
152,000
156,526
4,413
4,413
-4,526
0
0
0
0
0
131,729
0
24,684
156,413
152,000
Total All
Total All
Unrestricted
Designated
Restricted
Funds
Funds
Funds
Funds
Funds
2025
2024
£
£
£
£
£
41,421
41,421
18,403
98,816
24,684
123,500
150,982
28,774
28,774
2,982
(37,282)
(37,282)
(20,367)
0
0
0
131,729
0
24,684
156,413
152,000
01-Jan
Income
Expenditure
Transfers
31-Dec
£
£
£
£
£
127,315
204,273
199,859
0
131,728
0
0
0
0
0
12,362
0
0
0
12,362
3,950
0
0
0
3,950
1,600
0
0
0
1,600
6,739
0
0
0
6,739
33
0
0
0
33
151,999
204,273
199,859
0
156,413

The Baldacchino fund consists of money donated for the purposes of the Baldacchino restoration The organ fund - funds for the provision and maintenance of organs in the church The Relief Fund - funds for youth and education The Youth fund - funds for Youth and education

The Junior Church Fund consists of money raised by the Junior Church to support its activities

A note on the connection between the PCC and the Exmouth Market Centre

The Exmouth Market Centre is a separate company. Its company number 4275476, its registered office is 24 Exmouth Market, London EC1R 4QE and its telephone number is 020 7837 1861. The Vicar is an ‘ex officio’ director, and the PCC appoints another director, currently Gordon Ashworth who is Treasurer to the PCC. Janette Pountain is the manager of the Exmouth Market Centre.

The main purpose of the Exmouth Market Centre is to manage the hiring, administration and upkeep of parts of the Institute Building. Any surplus funds may be granted to the PCC as an unrestricted grant. The accounts for the Exmouth Market Centre are made available alongside the PCC’s accounts at each APCM.

Reserves Policy

The PCC maintains a reserve policy of £80,000 to maintain its on-going work for 12 months but notes that the vast majority of its total income (not including irregular grants) derives from regular giving and its related Gift Aid tax recovery, and from the regular use of church premises by other organisations.

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