PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH, WALLINGTON IA Church of England Parish Chur¢hl Registsred Charity Number.. 1134076 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31•t DECEMBER 2025 PAROCHIAL CHURCH ANNUAL MEEfiNG MONDAY 27 APRIL 2026 7.30 p.m. HOLY TRINITY CHURCH 11 Thls page is intentionallylgft blank. 2025 PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH, WALLINGTON IA Church of England Parish Church) Registered Office.. Maldon Road, Wallington, Surrey, SM6 8BL Telephone.. 020 8647 7605 Email.. info htchurch.uk htt '.Ilhlchurch.ukl Registered Charity No. 1134076 In¢umbont Reverend Jame5 Hills Assoclate Vlcar Reverend Tom Brown Curate Reverend Hary Frost lunlil 31 May 20251 Members of the Parochlal Church Councll ITrustg0$1 Chair (Ex Offl¢lol Reverend Jarnes Hills Asso¢ Vlear (Ex Officiol Reverend Tom Brown Curate {Ex OffiGi?I Reverend Harry Frost (until 31 May 20251 Warden {Ex Offlciol Mrs Jackie Passmore Wardon {Ex Officio) Mr Steve Smith Mr Mike Steve Adeleye (from April 2025} Dr Eleanor Barnard (from April 20251 Mrs Val Blean Mrs Suzie Brown Miss Christine Cole. Dr Val Collington Miss Hannah French (until April 20251 Mrs Grace Gray Mr Nathan Jones ' Mr James Mille Mr Tokunbo Ogunnaike Mr Anthony Reeves Mr Jeff Scanllebu Mr Neville Shaw (until April 20251 Mr lan Smith. Deangry s￿0d Reprgsontative Indepondent Examlner Miriam Hickson FCA CTA JCS Accountants Ltd 5 Robin Hood Lane, Sutton, Surrey. SM12SW Bankgrs and dapos5t holders CAF Bank Ltd Wesl Malling Kent ME19 4JQ CCLA Investment Management Ltd The CBF Church of England Funds Senator House, 85 Queen Victoria Street, London. EC4V 4ET Page 1 PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH, WALLINGTON IA Church ol England Parish Church} ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2025 CONTENTS PAGE Page Trustee5' Annual Report for year ended 31st December 2025 Independent Examiner's Report 10 Statement of Financial Activities 11 Balance Sheet 12 Statèmant of Cash Flows 13-24 Notes to the Financial Statements Pagg 2 PAROCHIAL CHURCH COUNCIL OF HOLYTRINITY CHURCH, WALLINGTON IA Church of England Parish Church) TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31st DECEMBER 2025 Chairfs Report As we look back on 2025, it's falr to say It's bgon a lough year as a church family. Not just because of the on90ing challenges of Ilfe in the UK, or the unrest throughout the wortd, bul because of the many peoplg in our church family and community who have suffered. But we are so thankful to God that the good news of Jesus is still true, still good, and h85 become more precious to us. We are so thankful for God's sustaining and ongoing work lo build us into "a growing family where God transforms livès through Jesus": 1. Engaged & Explain•d- with more younger children able to access government childcare, Trinity Tunes & Tales slopped meeting BUT we've seen growth in our work with child￿n and young people through Trinity Tols, Dangerous Club and Roots Youth Club, work wth 4 schools in providing assemblies, hosting visits and services al the church. We've seen wntinued growth in our work with seniors through Lunch Club and Friendship Afternoon providing friendship, hospilalily and chances lo discuss Jesus. This included seeing over 15 come along from Lunch Club lo do Hope Explored. We've seen peop￿ Come on Hope Explo¥ed and Christianity Explored Courses and had the joy of baptising 8 children and adults on Easter SundaW. Alongside that, our Christians Against Poverty Debt Centre celebrated its 4th anniversary and continues lo see more people going debt free. Our church and centre have seen countless opportunilles lo meet with many people through our wèekly Comerslone Café, Easter Family Fun Days, Holiday Bible Clubs, Light Party, Memorial Service, Carols in the Duke's Head, Christmas Comedy and Theatre Nights and lols of Christmas 5eNicesl And this dogsn'l lake account of 300 adults and children each and every day out in their communits'es and workplaces loving and speaking for Jesus to the people they meet. The good news of Jesus has gone out far and wide this year. 2. Establlshed & Equlppod- our Sunday services have btten places of comfort and strength this last year. We've particularfy valued teaching on suffering and resurrection hope in Lamgntations and 1 Corinthians 15. Our services continue lo grow regularly seeing over 220, including over 50 children and youth, whilst our Sunday evening and Wednesday moming services provide places for additional community and worship. During this year we've also wrestled wllh what il means to be Spiritually Healthy, Acts 9-14, Psalms that speak about our pain. 2 Peter, Iwo series that help us find out answers lo hard questions and seeing what Kind King Jesus is, Our Life Groups have seen a steady trickle of people joining, and continue to be a source of encouragemerlt, growth and care throughout the week. Our children's and youth work continue lo be place5 where young people look and wrestle with what il means lo follow Jesu5. IY5 really encouraging lo See the numerical growth of our youlhl 3. Enjoying - il seem5 50m8whal ironic given this year. but genuine joy is found in Jesus amidst all the trials and Sufferings we go through. Wo've seen people in the hardest of limes know great sUPPOrt, care and encouragement, as wo11 as seeing people grasp and delight in the joyful relationship J8sus longs lo hava wrfch people. We're thankful to our musicians, as they lead us week by week in singing God's praise. And we're thankful to our Life Group leaders and Pastoral Support Team who help care for us all, so that we can enjoy our relalionship wth one another and Jesus. 4. Exported- we've been encouraged by the work of our mission partners who serve the Lord locally, nationally and globally. Il's been great to hear what God is up to through them across the wodd, and we pray il will encourage us to be courageous in sharing Jesus here in Wallinglon. 5. Enablgd- as you read this report you will See how incredlbly generous our God is, through his generous people at Holy Trinity. We're indebted to the people who glve financlally, In time, skill and prayer to make this church the place il is.. we are so blessed. Bul most of all w8 ar8 so thankful to our gracious and generous Godl So. as we look back on Ihls year and forward to another. we echo the wofds of Paul, 'Thereforg, my d&ar brothers and $i$18rs, Sland fim). L81 nothing move you. Always give yourselves fully to the work of Ihe Lorf, becaus& you know Ihal yourlabour in the Lord is not in v8in.' Rev James Hills Vicar of Holy Trinity Wallington & Chair of the PCC Page 3 PAROCHIAL CHURCH COUNCIL OF HOLYTRINITY CHURCH. WALLINGT014 IA Church of England Parish Church) TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 315t DECEMBER 202S The Parochial Church Council of Holy Trinity Church, Wallinglon Ireferred to hereafter as"PCC" or Ihe Church") has pleasure in presenting the Annual Report and accounts for the year ended 31 December 2025. Background 1. The Parochial Church Council I'PCC'I has the responsibility of co-operating wlh the Incumbent in promoting in the Parish the whole mission of tho Church- pastoral. evangelisli¢, social and ecumenical in the Parish of Holy Trinity, Wallinglon. This covers a full range of Christian ministry. worship and service and includes formal responsibility for the church bulldings. 2. The PCC is Teglslered as a charity and PCC members are TrL¢slees. REFERENCE AND ADMINISTRATIVE DETAIL Details of the charity registration number, the full address of the Re91Stered Office of the Church, the names of the current members of the PCC, the Incumbgnt. Wardens and other relevanl organisalions are given on page 1. PUBLIC BENEFIT The PCC has considered the Public Benefit guidance issued by the Charity Commission and believes very strongly that the Church demonstrates a real public benefit through f(5 faith, ils ethos, its current aclivitigs and development plans. STRUCTURE. GOVERNANCE AND MANAGEMENT Structure. governance and management The PCC 15 a corporate b¢)dy established by the Church of England. Its goveming documents are the Parochial Church Council (Powers) Measure 1956 as arnended and the Church Representation Rules (contained Schedule 3 to the Synodical Government Measure 19691 as amended. Management of Risk Following the irnplemenlation of Accounting and Reporting ol Charities SORP IFRS1021 the PCC is reouired to formally review and lo record those risks and the action taken lo mitigate those risks. A revised Risk Management Policy was approved by the PCC in 2023 and a comprehensive risk asses5rnent completed. The Risk Committee regulady reviews the impact of rbsks Ihrougout th9 year and any concems are reported back lo PCC. Recruitment and appointment of new members of the Parl$h Church Councll PCC members are recruited in a number of ways. The Clergy and Churchwardens are members by virtue of their officgs. Members of the PCC and Dganery Synod represenlalivgs are elected by the Annual Parochial Church Me8ting I'APCM'} and hold office for three years or are Co-opted. All PCC members are Trustees of the Charity and new Trustees are provided with a copy of the governing documents, Copies ol recent minutes and other documents which may be helpful. as well as a preliminary briefing by the Chairman. Al the first meeting attended by a new Trustee. an updated briefing is provided and there Is an opportunity lo ask questlons about the Church's activities. Charity Commission newsletters are available to all Trustees. The Chairman provides briefings from lime lo time on the responsibilities of Trustees. Organlsatlonal stru¢ture, decls5onwmaklng and dolegatlon to staff The PCC carries out Ils responsibilities of church governance by delegating some responsibilities to employed staff and subsidiary committees. The Standing Committee deals with any urgent issues that arise between PCC meetings. This group includes the Wardens and Treasurer and. rf necessary. has the power lo Iransa¢t PCC business between meetings. The Risk Committ88 was creatsd in 2025 to undèrtake detailed analysis of potential risks facing the charity and lo propose strategies lo mitigate the impact of these risks. The team meets quartedy and reports its findings baek to the PCC for decision making and appoval. The Finance Committee works with the Treasurer lo establish annual budgets. encourage the voluntary giving of church members, review church finances. and prepare the accounts for independent examination. The People and Plant Management Team Is designed lo manage the day to day operations of the entire premises and the volunteers needed to run it. 11 allows operational issues lo be discussed on a monthly basis and reports all requests for approval to the PCC for decisions to be made. The Export Team acts as the link be￿een the church and its Mission Partners, encouraging prayer and communication. The team also agrees the amounts lo be paid as gifts and grants lo support local, national and international activities, including our Mission Partners and societies. Page 4 PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH, WALLINGTON IA Church of England Parish Church) TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31st DECEMBER 2025 Stafflng The PCC has aulhorised a staff Complemont of six a5 at 31 December 2025. The Church Operations Minister and Church Administrator are responsible for running the church office, administrative assistance lo the Vicar. and daily operations in the Church and Cenlre. Mlnislry staff are employed lo assist the Vicar in the chur¢h's mission to the Parish. In addition, we had the benefit of a full time volunteer Mlnisty Trainee. The PCC is grateful for the enomous variety of serving contributions from church members and church staff that combine here lo effectively advance the mission of the church over this past yèar. Safeguordlng The PCC has complled wlth the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 {duty to have regard lo thg House of Bishops, guidance on safeguarding chiklren and vulnerable adults). 08JECTIVES AND ACTIVITIES The misswjn statement of Holy Trinity Church is fo be a growlng family wherg God transforms lives through Jesus.. The Objectives of the PCC are defined by the Parochial Church Council (Powers) Measure 1956 as'lo CO• operate with the minister in promoting in the parish the whole mission of the Church.. pastoral. evangelistic, social and ecumenical.. The primary object ol the PCC is therefore the promotion of the Gospel of our Lord Jesus Christ according lo the doctrines and practices of the Church of England. Holy Trinity Church was opened in 1867 to serve the then quite 5rnall community of Wallington. The primary objective of the church is to be a place of Christian worshlp in accordance with thg conservative Evangelical tradition of the Church of England and this is 8¢hievd through a variety of regular sèrvices on Sundays and weekdays. In addff(ion, Holy Trinity acis as a focal point for the local communty by Providing a meeting place for Community groups to enjoy their own activities. The different groups of church activities can be summarised as follows.. The Church General Fund foT the provision of the main Christian worship activfties and outreach to our local comrnunity. We provide a full programma of events for all ages for both Church membérs and for the wider community including a youth dub, Lunch Club, and parents & toddler groups. It also includes the hiring out of the Church Hall and linked rooms that are collectively used as a community meeting venue. The Church Designated funds represent incorne and expenditure where the purposes are complomgntsry lo bul separate from the main activllies of the church itself. The Restricted Fund represents the Building Fund and the Compasslon Fund. The fomer was sel up to facilitate the financial arrangements lo rebuild the old Church Hall into the Trinity Centre and the 2015 re-ordering of the church building and surrounding grounds. The Compassion Fund was launched in 2023 to allow us to prowde grants in support of those members of our church family that are most impacted by increasing living costs. The Church aims to continue lo rnaintain ils premises in safe and sound condition for its u5eTS, inclu(ling outside parties, through ongoing planned and regular maintenance. The church has been the subject of a 20 year project to upgrade and improve the facilities for the church and local community, which concluded in 2015. In 20210 further programme of building enhancements was completed lo improve the current layout and rnake the Link area more welcoming. For many years and as agrogd at OUT Annual meeting, the Church has operated a giving policy Ilhe Church giving a ￿rcentage of ils voluntary in¢omg1 lo other ChrlstSan or Charitable organisations, in line wth biblical principles. This giving policy continues and we have made donations from our income lo local, national and global mlsslon partners. societies and charities. The details of payments that have been made are shown on page 24. The Church gTeally values th8 continuing support of ils large number of volunteers. They provide many land often unseen) services to the ChLtrch in many dSfferent roles. Al least 40% of Church members volunteer in various roles through the year. Page 5 PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH. WALLINGTON IA Church of England Parish Church) TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 315t DECEMBER 2025 ACHIEVEMENTS AND PERFORMANCE In order lo achieve our objectives, the Church prowdes a number of services of public Wofship of various types to enable as many people as possible lo worship. All are welcome to attend Sèrvices. As al 31st December 2025 there were 227 parishloners on Ihe Church Roll, of which 184 wer8 not residents of the Parish. The average Sunday morning worship community. ineluding those that attend regularly in person or online, was 230 (including 50 childrgnl. The PCC met seven limes durlng the year with an average attendance of 16, reviewing the acUvitigs of the committees lo which it has delegated authority for the daY-t￿daY running of the Church's acliv(ties. FINANCIAL REVIEW Reserves policy The Pcc-approved policy on reserves is lo retain reserves of at least six months. expenditure as per the latest annual budget lo meet future shortFalls in income or unoxpecled expenses. Res8rves will include both the General and Designated Funds. As at 31 December 2025 the General Fund Resarves are £203,192 and the Designated Fund Reserves are £564,231. comfortably above the largel of approximately £255,000. The PCC wll review on an ongoing basis the need for free reserves whlch are those unreslricled funds not invested in fixed assets or otherwise designated. The restricted funds are govemed by the Initial donors, instructions and are distributed accordingly. Principal fundlng sour¢¢$ and how •xpenditure hag supported th• koy oble¢tlv¢s Overall, Holy Trinity finished the year with a deficit of1£6,1071 made up of General Fund £28,805, Desi9nated Funés of 1£7,0141, and Reslricled Funds of1£27.8981. This is signifi¢anUy less than the budget forecast deficit of £54.500 and the deficf( of £71,096 in the previous year. The General Fund surplus was largely achieved through in¢reases in giving. (regular and one•off donations). For the Designated Fund, the PCC approv9d the use of reservès to fund the costs of the new patio doors in the Hall, our Music Minister and rentsl of a house for the Curale for part of the year. Grants werg received for the Children & Youth work. Genoral Fund- chU￿h Most operating income is derived from regular givSng by Church members and Gift Aid is claimed on mLtch of this. Other donations and cash collections make up the balance of voluntary income. Voluntary Income was higher than than 2024, with church members continuing lo give sacrificially lo cover our operating &xp8nses. Letting income reduced from the peak year in 2024, but tho church remains open every day for our community to use. Underly'ng expenses were about 15°h higher than 2024, much of which was due lo planned Repairs and Maintenance items, including the redecoration of most of the Centre rooms.. Our Lunch Club provides nourishing meals and fellowship for older members of the Church and the local COmfnun(ty. Other activities include a fully booked wggkly Trinity Tols Group (parènts and loddlersl and a Friendship Aftemoon for all ages. Our Cornerstone Café is open two days a week serving excellent coffee and tea and we offer a warm space for those who nead to save heating costs at horne. Community groups and commercial hi￿rS use us regularfy and we clear the church space for monthly blood donation sessions run by the NHS - some days are very busy. Holy Trinity, W811inglon participates in the Church of England Defined Contributions Scheme IOCS) within the Church Vvorkers Pension Fund. We had four active mgmbers al 31st December 2025. D•$lgnated Funds We received three Gran15 tolalling £3,100 from the Diocese of Southwark to support our Children and Youth ministry work and interest earned on our deposit funds. Additional gxpendilure has been incurred by the replacement of the broken patio doors in the Hall and repainting of the Youth Room. Total expenditure, including the cost of the Music Minister and the Curate's rent for the first part of 2025. exceeded income and the remaining deficit was Covered by drawing from Designated Fund reserves. as prevlously approved by the PCC. R¢strict•d Fund5 The Reslricled Fund comprises the Building Fund and the Compassion Fund. The 'Building The Church. project was completed in 2016 and fully funded by January 2018. The PCC now has responsibility for addressing any r&sidual C0515 for minor building related issues. The Compassion Fund (launched in 20231 is designed to make grant payThenls in support of church family members who are struggling financially subject to guidelines sel by the PCC. Only a few number of applications have been received and fv40 grants have been made in 2025. The fund continues lo be open and will be rewewed by the PCC during 2026. Page 6 PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH, WALLINGTON IA Church of England Parish Church) TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31st DECEMBER 2025 FINANCIAL REVIEW cont: Invastment pollcy and performance The Church does not have a fomial investment policy. It endèavoLJrs to obtain the best possible secure retum on its investrnents and cash balances. Fund balances are invested with the CBF Church of England Deposit Fund. Looklng ahead to 2026 and beyond We have seen another year of growth and pray this continues into the future - we aim to serve our church farnily and our local community. Having two Sunday moming services al 9..1 S and 11am provides enough capacity for the congregation lo meet comfortably and church attendance continues to grow steadily. Our church is open every W99kday lo provide a 'Warm Space. a rendezvous for friends, or place for quiet mgditation. Room booking activity by our hirers rgmains strong, alb&il lower than last year's peak and we are delighted lo be able to welcome new people into our buildings. The budget for 2026 forecasts income of £404,000 and expenditure of £534,800, IG8n8ral Fund £493.000 and Designated Fund £41.8001. producing a deficit of £130.800. General Fund Expenses will be higher than 2025 wlh generally increasing level of costs and the plan to recruit a new As5iStanl Youth Worker Ibudgel of £22,IX)O) to boost our ministry resources in Ihls vital area. We pray that much of the shortfall will be covered through an increase in giving, wf(h an appeal planned for rnid-year, bul the remainder w511 be covered by our Reserves as we invest lor future growth. The Designated Fund expenses are increased by an allocation of £25,000 to cover expe¢led roof repairs highlighted by our last Quinquennial Report. This cost will be covered by drawing on OLJr Reserves, with the rernaining expenses for this fund expected lo be covered by bank interest. The budget was approved by the PCC at the end of 2025. Our resetves are sufficiently robust to cover any shortfall in income, but the aim is lo refrain from drawing on reserves to cover day lo day costs. The PCC has approved in principle the use of the Designated Funds lo un(Jertske large capital expenditure and to invest for future growth in ministy. Message from th* Honorary Treasurer Church life is generally very busy and our Church famlly is growing. During 2025 we were blessed wf(h significant donations from church members that signrficanlly reducèd our deficit forecast. We have Completed a full review of all our policies and procedures and have well documented financial controls. We recognise that we are blessed lo have sufficient reserves lo cover unexpected issues and we are also using these reserves seleclbvely to promote new opportunities for growth in the future. Thank you to all who have contributed to these financial results, by your glving and your prayers. Please continue to pray about our personal giving and for all involved in the financial ministry al Holy Trinity. Our finances are used to fund the vision be a growing family where God transforms lives through Jesus.. We arg continually reminded of God's provision and His faithfulness lo us year on year. Page 7 PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH, WALLINGTON IA Church of England Parish Churchl TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31st DECEMBER 2025 STATEMENT OF RESPONSIBILITIES OF MEMBERS OF THE PCC The Members of the PCC are responsible for preparing the Annual Report of the Members of th8 PCC and the financial slal8ments in accordance with applicable law and United Kingdom Generally Accepted Accountlng Practice. The18w applicable lo chariligs in England and Wales requires the Members of the PCC to prepare financial ststemenls for each financial year which give a true and fair view of the stale of affairs of the Charity and of the incoming resources and application of resou￿9$ of the Charity for that period. In preparing Ihgse financial statements, the Members ol the PCC are required to.. select suitable accounting policies and then apply them consistently obseNe the methods and principles in the Charities SORP make judgments and estimates that are reasonable and prudent slate whether applicable accounting standards have been followed, subject lo any material departures disclosed and explained in the financial siatemenls prepare the financial statements on the going concern basis unless rt is inappropriate to presume that the Church will continue in its charitable work. The Members of the PCC are responsible for keeping propgr accounting records which disclose swlh reasonable accuracy at any time the financial posilion of the Charity and lo gnable them lo ensure that the financlal ststements comply wlh the Charities Act 2011 the Charity IAccounts and Reports) Regulations and the provisions of the governing document. They ar8 also responsible for safeguarding the assets of the Charity and hence for taking re8sonable steps for the prevention and detection of fraud and other irregulari11gS. INDEPENDENT EXAMINERS Due to the lotsl gross income being less than £1.000.000, the Church is requlred to undergo only an Independ8nt Examination. rather than a full Audit. At the Annual General Meeting in April 2025. m8mb8rs agreed to appoint Miriam Hickson of JCS Accountants Ltd to be the Church's Independenl Examiner for the year ended 31st December 2025. This report has been prepared in accordance with the Statement of Recommended Practice applicable to charities preparing their accoun15 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. 16th March 2026 .Revd. Jame5 Hills Incumbent .John W Martin Hon. Treasurer Page 8 PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH, WALLINGTON IA Church of England Parish Church) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOLY TRINITY CHURCH, WALLINGTON I r8port lo the Iru51ees on my examination of the accounts of Holy Trinity Church, Wollington for the year ended 31 December 2025, which are sal out on pages 10 10 24. R•$pon$lbllltl•s and basis of report As the charity Iruslees of the Trust you arg responsible for thè preparalk)n of the accounts in ac¢ordancg with the Tequiremenls of the Charities Act 20111.the Acl'l. I roport in respect of my examination of the Church's accounts carried out under section 145 of the 2011 Act and in carying out my examination I have followed all the applicable Directions gwen by the Charity Commission under section 14515llbl of the 2011 Act. Inde￿ndent examlngrf$ statoment I have completed my examination. Since Ihts Church's gross income exceeded £250,000 your examiner mu51 be 8 member of a body listed in section 145 of the 2011 Act. I confimi that l am qualrfied lo undertake the examination because l am a member of ICAEW. which is one of the Ilsled bodies. I confirm that no material matters have come to my attention in connection wth the examinatson giving me cause lo believe that in any material respect.. 111 accounting records were not kept in respect of the Church as required by section 130 of the Act,. or 121 the accounts do not accord wlh those records,. or 131 the account5 do not comply wkh the appli¢ablg r9quirements concerning the form and content of accounts sel 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 concems and have come across no other matters in connection with the examination to which attention should be drawn in Ihls report in order lo enable a proper understanding of the accounts to be ached. Miriarn Hick50n FCA CTA Independent Examiner JCS Accounlanls Ltd 5 Robin Hood Lan8 Sutton, Surrey SM12SW Dated.. 26 m were received from members of the PCC and their related parties. There have been no other related paty transactions in the reporting period that require disclosure. 9 ANALYSIS OF NET ASSETS BY FUND Unrestrlcted Funds Gen¢ral Dèslonated R¢$trlctèd Funds Total Funds Fixed assets Income lax recoverable Oiher debtors Bank deposit 8ccounls Bank current accounts and cash Creditors." amounts falling due within on8 year Inter-fund balances 11.590 3,430 2,799 52.735 104.376 (6,0521 34,314 203,192 193,192 10,000 203,192 776.834 788,424 3.430 9,192 644,727 121,014 16.2421 6,393 591.992 16,638 11901 133,9641 564.231 13501 793,122 793,122 1.560,545 Funds Property RevalLtalion ReseNe Fund Balances 564,231 1,550,545 10,000 564,231 793,122 1,560,545 Unrostri¢ted Fund$ Genfrral Dgslonatsd Restrlct8d Funds Totsl Fund$ 2024 Fixed assets Income tax recoverable Other debtors Bank deposit 8ccounls Bank current accounts and cash Creditors.. amounts falling due within one year Inter-fund balances 13,180 3.738 7,588 804,698 817,878 3,738 14.903 616,813 120,510 17,1901 7.315 616,029 104,188 17,0061 51,915 16.322 11841 151,9151 174,387 164.387 10,000 174.387 571,245 821,020 821,020 1,566,652 Funds Property Revaluats'on Reserve Fund Balances 571,245 1,556.652 10,000 571,245 821.020 1,566,652 Page 22 PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH. WALLINGTON IA Church of England Parish Church) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31$t DECEMBER 2025 Icont'dl 10 DESIGNATED FUNDS Balance 1.1.2025 Balance 31.12.2025 Incom? Expendltur¢ Transfars Grants and Designated Income 571,245 138,5701 564,231 571,245 31.556 138,5701 564,231 Balance 1.1.2024 Balance 31.12.2024 Income Expendlture Transfors Grants and D8signated Income 689.487 S1,575 1169,8171 571,245 689,487 51,575 1169,8171 571,245 Designated funds are for incomg where the purpose is outside of the normal day lo day running costs of the church and where the PCC approve the use of them. In 2025. wtr received three grants to help fund the Children & Youth activitiès and the Inl&resl on our deposits partly funded the capital gxpendilure and the cost of the Music Minister and Curate's house rent in line with PCC approval. 11 RESTRICTED FUNDS Balance 1.1.2025 8alan¢e 31.12.2025 Income Expèndlture Transfers Building Fund Compassion Fund 804,698 16,322 821,020 127,8641 35CI 776,834 16,288 793,122 318 316 28,214 Balance 1.1.2024 Balance 31.12.2024 Incom? Expenditure Transfers Building Fund Cornpassion Fund 832,562 16,269 848,831 127,8641 804,698 16,322 821,020 53 53 27,864 Buildlng Fund Phase l of th8 Trinty Centre PTojecl Ilhe conslruct5on of the n8w Trinity Centre to rèplace the former hall and meeting rooms) was completed at a cost of £1.423.000 in November 2003 and was fully funded by April 2006. Of this total cost £1,393,214 was capitslised as the value of the freehold property built. Phase 2 (Building The Church project) was completed in 2016. The final project cost was £1.858m, fully funded by January 2018, with the PCC now taking responsibilily for addressing any residual ¢osls for minor building related issues. Compassion Fund The PCC approvgd the creation ol the new Compassion Fund in 2023 and it raised over £16,000 In donations from church memboTS. The fund is designed lo make grant pay7nents in support of church family members who are struggling financially, subject lo PCC approved guidelines regarding who may apply and the types of grants available. Two grant payments have been made in 2025 and the fund continues lo be open lo meet lulure needs. Pagg 23 PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH, WALLINGTON IA Church of England Parish Church) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2025 Icont'dl 12 RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES Total Funds 2025 2024 16.1071 171.0961 29,454 29,454 { 29,5701 135,5161 6,019 12,3621 (9481 1 10,6481 1,152 90,168 Nel Movement in Funds Add back depreciation charge Deduct Interest Income shown Decrease Ilncreasel in debtors Increase (Decrease} in creditor5 Net cash used in Operating activities 13 TRUST FUND The PCC was Ihe Managing Trustae of a Trust whose effective control passed to the Diocese ovgr 20 years ago. At 31 st December 2025 the Trust held 16,030 investment units in the COE Central Board of Finance Inveslrnenl Fund, Income units. The bid price of these assets on 31 December 2025 was 2219.83p. valuing the fund at £355,83912024 £370,656). The income from this fund is used lo cover clergy stipends ol the whole Diocese, 8nd does not therefore form part of these accounts. The income or capital of this Trust may become available lo the PCC if al some lime in the future the Dlocese were lo hand back lo the Parishes the responsibility for remunerating their own clergy. 14 CONTINGENT ASSET In 2002 Springfield Church was granted an ex-Paro¢hial Place and thus became legally independent of Holy Trinity PCC. Holy Trinity has a contingent intergst in 50.kn of the Springfield Church Clergy Hous9 - 49, Stanley Park Road, Wallington. The PCC would receive 50 /0 of the sale proceeds if either.. (al Springfield Church ceased to be part of the Church of England, or Ibl Springfield Church was no longer required lo provide a clergy House and the propety could be sold. As al 31 December 2025. il is not practical to estimate the financial effect of these conditions being mel. 15 GRANTS PAYABLE Total 20 Total 2024 The following grants were made by the PCC in 2025 Ml$$lon So¢l¢tl¢$ Bible Society Wycliffe Bible Translator5 Mlsslon Partnors James Barnard (Youth with a Mission) Pip & Si Wilson Emma Nunn Deborah Prisk 980 980 650 1.000 3,360 3,360 3,360 3,360 3,015 3,015 3,015 3.015 Othèr Donations Chris Donovan Trust. Christian Inslilule Church Society Compassion UK Sutton NighbNalch Holy Trinity School Maintenance Fund Open Doors Sutton Community Works Sutton Schoolswork Local Missionlchurch Plant Total Grants Payable 500 6SO 300 875 252 1,800 650 650 1.760 1.005 22.152 980 980 980 85 1,800 980 980 980 672 23,837 Page 24