IHord¢yloLuler Digitally Signed Document Document ID.. 3449EEBOD63309 Document Details rilen&2nit'. ST MM 2025 acs CC version- publi¢.PDF Clilni ibf: Hartley Fowler LLP Signature Details Nunie: John Stephcnson 'ni#ll: john8teph¢nson33@btin(¢rnet.¢om 2310712020 08..23..46 AM IBST) 81.97.23.35 John Stephenson confirms that thc inforn)ation 15 correci and ¢omplete to the best of Lheir knowledge and belief. Signlng Siiiicment: NthmL': Russell Penny russell.penrty@stmarysmerton.org.uk ale &'liniL'- 23107ll026 09..32..38 AM (BST) IP Addi'E55: 104.28.40.140 Russell Penny confms ¢hat th¢ infonnation is corr¢ct and complcte to the best of iheir knowledg¢ and bclief. Sl¥ning Statement..
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REGlStERED CHARITY NUMBER: 1134108 REPORT OF THE TRusfEES AND FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 THE PARCKHIAI CHURCH COUNCIL OF THE ECCLEStAsficAL PARISH OF sr MARY MERTON Hartley FoWr LLP Chartered AccoJntsN5 4th FhxJrTuition House 27.37 St George'5 Ro•Y wimbdon LoTrthJn SW19 4EU
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAStICAL PAIUSH OF sr MARY MERTON coiirENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 R•port of th•Tnwte¢• I to 6 Ind•pend•nt Examln•rf• Report •temortof Fln•ncl•l ActtIll BalJnc• 5h••t Not••to th• FSn•nd•l st•trfflts 10 to 20
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsfIcAL PAIUSH OF ST MARY MERTON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 TPe wmberS of the P3hl1 Churth Counal who are also the trustees OF the charity present tllr report vlth the flnanclal Ststents of the charfty fcx the year ended 31 0Mr 2025. Tr trustees have adcpted tr provlsScns of Accc4Jnting an Repory ty CharfU"es.' Ststemurt d ReccrfnmerKJed Prattice applicabÈ to charitE5 pparing thelr aCCOLnts In ddan the Finanaal RepOrrj Standard appItab in tt UK and Republlc of Ireknd IFRS 1021 (effecthe l January 20191. OBJECTIVES AND ACTivrrIES Objective5 and aim8 st Mary% iq a Church of ErYJland wthln the DIese of Southwark, ser a community of sorne 3,tMXl Usekds In arvj araurxl Merton Park, London, SW19. With a hiw and hosptslity that ¥(tth@S back to 1115, we continue to at the heart the I ccffimunlty, worshlpplry G&J, reachlng out to wthr arK1 extend a wami hE1co to you all. St Marfs prlmary functvjn 15 to te a Irj ClvJrth In whlth Gcd Ls pra In Can rShIp, Insplrfng Feopk to grow kn falth ar seNe the cornmunty and beyond. The F£C has the follNIng rnaln obthves'. Purpose.. Inspire wrjrship cl Gcd and INe teathlngs of t1 G¢%Fel. Nurture comftmfy and lalth thrwjh we1coff h7SF4ts11ty. Valum,. Respect and gjpport aTr)ther and the needs of the lder world. ¥10.. BulldlThJ a sustaInab Inclug¥e future, ernpxerlng every mwnber. Publlc ben¢fft The irumbent and the F£C have corded Chartty CMimlssbn¥ guldarKe cffl publt beneK Sn parlcular, the specmc 9thn on tharftles for advartement d rellglon. ACHIEVEMErirs AND PERFQRMAI ritable activltiE PCC has rnalntalred ts Serv1 to the par15h acr055 a11 ts US31 raroe cl xtlvltles. FINANCIAL REVIEW Tre•wrn¢• Report The 5urnrnary of the year15 that (( was not mrly as bad as I feared, prlmarfty due to galns on Invesfftnts of over £46,000, with o further É13k for the Peter Smlth FUN1. On our ordlnory ath'vit5, txrt f the further repairs requlred yet agaln to the HalL we have broken even overall, which Is realty erIng. [re Planned gn9 ha5 hdd at the san level as bsi year, which ms to rne to be an achlevement In these Umes. Anyihlng we can do to increase f( is very Welc0Th but result Is plean9. I can't oVmplse how Important anned giwTrJ arKI the HMRC gSft whlch goes It Is to us, and l am again hugely grateful ro Andrew Mills for managin9 the pLin glvlng and gie( a dalrrs so effklenuy. Our thurch collecbon5 are £2000 up on last year whlch is realty good, and was Certa1 trNxJsted ty the ChTistin5 collectic% This Includes funds recefv8J via the and I ho that this 15 part of the reason for the increa. cc4ct at ful15 have drop sJnificantty, l thlnk largety dLE to families asklng that cdiectyc415 a put to SFedfic chafltles ratEr than this church. Perhaps a coukl be agr that sp1* tt)e cdlethon the dh)sen charty, and th wlll be dlxussed by the Finan Cornmittee. H411 Incon was just about on budget, and magazine Iorne a healthy increase. E50LKI 1Fts from the summer falr were very welcome and ¢)ur Investment irK(The also increased.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF sr MARY MERTON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 The Be115 Appeal rald £9,525 befo any gift aid has tert catallated OT dalmed, and thls Ls a hypotlRcated Re&TlcbJ FU In our xcofftts. I have for É565 of gft aid, but the flnal fyure is e%Fected to be well aad ol thot. I was pleasej to see a material inmse In the receiFts tre e of the chLwth' It Is Importart that we nwke the most of t1$ preaou5, but expen4ve, asset. Expendlture We have t ask1e a total of £13,594 for dl#r1bub"on to our Ic1 aThJ thJ5en charfues. The PCC ¥11 agree spllt In due cwrse. accounts SI4 the tenefft of redwirvj OUT [Yosan cotr)n to ÉlOO,OtM), l am gd that can keep that up In real tem for 2026. We were also ab to spread co#s x) that we swnt less on thurth fabfk In 2025 - thanks to Russell Penny for thi5. It w¥ also goLJ to see the chuh$ OLK erffjy cots drop ty 25% thanks to the fitrt whlch was shjned up In late 2024. fear we wlll nci see this repeated after recent events. On the thr hand, I am worried about the boller ftN7lntenaQ costs Inueaslry, and to a exient about the opjon maIntenan cc6ts (Ma1 tunirvJ}; we have a fu for but l am tyt ccrfKerned ats)ut the regularty of the turfs vlslts, l am very pleased that thanks to John cnbS other5, all Gkte costs were covered from tMi smèll restrlcted lund. Jujith's costs are belrKJ met frcffl Pat Burrws Parlth FU1, as èJreed John Hayward In te 2024. And finally, Hall.. the net ljss Iw the Hall wa5 £4,tMXS, less than rnht have feared, bul thanks ro E25k of repairs belng required In the year - and thls In a year en il was budgeted to rnake a healthy pront and have thjne bkrt for paIr blll LIng so mh more than expectsj, Thls frankty Is my bkjgest worry a5 we took lo the fure - trKy can we keep the Hall a5 a ntral part of Dur parLsh Ilfe and at the sarne stop what seem5 to k a contlnuous drain on our res? Bui ev Impjrtant Is for to thank Hozel, Gvryn all the CiJrrKnlttee for thebr rn9nagent d the Hall In dwllerKJiw rnes. BahKe Sheet One I1gt I have to rnake each year Is test for our purwjses to allc(ate invefftnt galns and bsse5 teeen our varfous designatsj fvrs. My pyefer 15 to allocate them to funds whkh we are xtfvely usn4, and trefOre thKs year rny suoJesb'on 15 that 30% Is gbven to each of tk* Patrda Burrows funds, 20% to the Honey2tt Fabrk Fund and 20% to the Hall maintenan FU1. This dces an that 70% of the galns are l¥j al>xated the fabric of our buildlngs, whkh is Ideal bul Lo my rnind rellects current pdorifies, ConclOn I can't cornpkln,. thanks to our InVestmt perf0mlae, for hLwJe thank5 rn g) to Hutert Chlld lor hls wLse thwardshlp of our invethents, our unre5tn.cted fund5 hove irtreased by over É210LLI thts Yr, with the Peter Smlth Fund th'ro a further £13(0 to that. We a 5t111 spending mtre than we brlry In without relylrs on invesbment gains, and we onw a rnarket ump lo rnake our acccvjnts Ik very different. at knt tke 2025 glve u5 some cushlon a5 we our r4rish prioritie5 to 2030 th our new Virar in PL7. Lasdy,. l always say in thls port much I deFend on my accountant MelanE Sharpi and l stlll dD, Utterty,. I am so gratefLA to her that deste serlous health isw in the past year, the ha5 carwl on dolng a5 effnt a lob a5 she aayS has, and I have teen rTK)ved by her dedKatiM to L PCC seek to malntaln a suifident le¥tl of reseryes to support the thy to day opetBbons of St Marls and to such conUr9erKs a5 rnlght rearblY be foreseen.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF sr MARY MERTON REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 DECEMBER 2025 srRucfuRE, GOVERP4ANce AND MANAGEMENT Governlng documert St Mary's Merton Parcchiol thurth Council is the worklr4J narne for The Pdr(Khlal CMrth Cnl of the EcLlesk45Ucal Parish of St Mary Mertcffl. The 4rothlal (hjrch Cwndl {the FCC) Is a corpjrdte W establtheJ by the thwch cl The PCC operdtes under the Patothkal Church Cn01 P[y[S Measure. Charlty constrlbjtlon The PCC Is a Clwrity lStered Clrty Comrds)n Iwlstrnuon number 1134108) and Is an unlncorpornted assc(laVon ¥Ther by the temis of bts constliution, as embcxlied in the Parochkil Church cnlS (Powers) asure 1956 a5 )meed a¢KI the Church RepresentatiM Rules Icortained in Schedule 3 to the Syn(x11ol Cyjvemnknt Measure 1969 as arrendedl. Retruitm•nt and appolntm•nt of n•w truste Tr merhod of apwlntment of PCC mernbers is Set out In the Church Repsentstn Rules. rnernbe of the o)roregatth are eltrJIb to te appc¥'nted as member5 01 PCC thuld they wish to stsnd for eltn. Organls)tlon•l structur• and <l¢tlslon maklng The PCC Is ultimatety responb fcf the coTrJuct orKI management of tharty, but the mafvjrty of day-to4ay nwnagerrtht <cL4k]r are taken by folthlng rnemters of tr£ Pffj gJbseqndY rat11 ty the KC If aFvropriate'. The Vtar, Revd. All Mllner Revd. Judrth Bereden, Asate Prst The Churchwarderts, Da¥Ad Reeves AThJrew Mllls The Hon Treasurer, Jcthn Stephenn,' and Ru55ell Penny Chalr ol BulkJirvJ & Works al deputy Chalr cl the PCC. The ftan Cornmiitee authotlses expendlture up to a Ilrt set by the PCC frorn to tlrne. The Church Hall a1 Its atteant flnarKes are managed ty a Hall Commth whth Is re$ste to PCC. The PCC debJaies for churth to C4ffjcror of Mu5K, Trtstan Weymes, wh)15 not a trustee. Induct10 and trJlning of new tru•te New rntser9 of the PCC are prOded wf(h ccptes of rent accounts and meetyng mSnutes. Sljnificant charrfjes In legIaOn are broht to the attendon of the Ptt from a variety ol ¥Jurces Induding regLdar malilng5 from the Dthese el Stsrthwat aTrJ the Charfty Cornmisslon, often through PCC rnters wifh detyted rewWblll¥es such as safeguardlrs. may alg) atteThJ relevant train9 Offed by the Dt(ese aryl Lrthws as approprfe. m•nag•m•nt r•muneratlon Pay levets of our ernployees are agreed by Cornmlttee ty relre to perceived market levels and IreaSe0 In January each year, generally In lirE wlth InfiatK)n. Cther contraLtors wk) reNe horx)raila genefalty recefve a slmllar annual Increase. k m•nagemert Tl truts have a Outy to entIfy and reW rhe risks to whlth the tharty Is exFosed to ensure approprfate controL5 are In e to provK wsonable assurarKe jainSt fraud and eThor. PCC alm5 to YJeWhen resources and devekjp skills in cfft1er to grw dyjrch Memtship and to seNe the c¢ynmuth. bui its Init0teS a Inetab constraSned nc¢ onty by aVaIL3b fu5 but also by the cl%3llenges in gethng new and eSla1 younger nmters of the (hwch b>Jy to devote ttE tirne to chwch activib'es because of the rther pressure5 on t1r lives, whlch inevitab s to the th being done by the same or even slghtty dcIng group of loyal servants cl the church v4hJ are themselve5 ajing. We ty to have os much of our IrKorne a5 possible frc¥r planned mLmthty gfvlng, wllth in tum erobles us to maxlmlse gift overy ftDm HMRC. In ditI)n, we have an ectnIC payrnent mathlne at al servkes wth suggested ¢Jonab2ns pn)prklte to the cornmunty ar the church's ne1.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTLCAL PARISH OF ST MARY MERTON REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 DECEMBER 2025 srRucfuR4 GOVERNANCE AND MANAGEMENT The PCC Ls re5wnsible for the upkeep of a hioric Grade 2-Ilthd church building and thts brfngs con4deTrt4e expewe, annualW and ospedally after the five-yearly Rep>t. SpecIalt 5tonernasws and cther hijhly thId Craften are often requlred, wlth the attendant crt To be entru#ed with the care of St Marys Is a prmlege, tsjt 0 wht ts a sgnlftant draln c our rUs. has desJTrited fuTrJs from kgades to ensure that have furnls to meet thk5 red In the rxt five vears. Generally, fv FCC wllcy Is to manage rnrmal bLnesS rlsk5 In I1 wth lJe# wa. The charbty has not suffered any materfal damwje due to lallures of, or Inadequote mernent of, controls, REFERENce AND ADMINISfRATIVE DEfAILS Registered Ch¥lty numb•r 1134108 Prfndpal addre•• SI MèTVs Church Vlcarage 3 Q)urch Path London SW19 3trU Trurte49 Sn Hllls Incumbert.. RvJd. John Hayward lunYI 7 July) (Chalr and Chalr Faf(h and Worshlp Ccrfnmltteel Revd. All Mllne {Appolntsd l March 2026) (VKar) Revd, JLKlf(h 8ersweden ChurchwJrden•: Mr. Davkl Reeves ATrlrew MH ille &iul Dr. Tlmothy Hanche Davles Plppa Jones CorrtAy
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF sr MARY MERTON REPORT OF THE TRusfEES FOR THE YEIR ENOED 31 DECEMBER 2025 Elected Lay M•mbern: Ru55ell Penny ( (hair Chalr cl Buildwig arn1 Works gjtrcommlttee) Jthn Stephen {TreaSur) Simon Hlllwn {SKretary) Ha1 Abix)tt IEctoral Roll Ofrter, Chalr Hall Sub-commlttee) Jo Wllllatns {Chalr Tr.nae, Personnel aTrJ PKlminLstr&cfi Sub<ommKtee) John Combs (Chair Glebe w0ng Group) Ollvia Trfpp (Mlnutes Secretary) Kate HardiNJ Juliette Kyel exander MCCwaI1 Cella Milrr rbara MolaTh Dlana 9Jmnrson Hugo Summer Lynda W119)n. Co-opt¢d Member: tel SkInrr Ifrorn 17 Juty) Independent Examln•r J£Ththan Askew FCA Harw FoWr LLP Chartered Accountants 4th Awr TuStkJn House 27.37 st re'S Ro) IMmble(Jon London SW19 4EU Bardays Bank plc Wimbledon BraKh Natlonal Westhiinster Bank Ft Wlrnbl&1on Bt)rth ATEMENT OFTRusfEES' RESPONSIBILmes The trL&ee5 are responble for preparing the Rep)rt of the Trust&s the financ1 statements In acCOrdae appllcable law and unl n0M Attounting Stsnd3rd5 {Unf(ed Generally ACpted Accounung Prathcel Ill1[J FI}01 Repryting StsThlard 102'The Fir0Klal Reporury Standard appltable In tr UK aTrJ Republlc cl Irdand" Charty 13w requlres the trustees to PTepwe fIncl31 siatements for each finanrial year. Under that L3w, the trustees have eWed to Prepa thandal &aterrtnts In (Cn Unlted Kngjom Generalty ACPtsd Accountir¥J Prath {Unked Accounting StaTrJards and appliCae kw). UThder tharity law tru#ees must n¢ approve fwnchryl ststerrEnts unless W are sWsfied they ve a bue and fair vth cl the statr of affalys of the cthrty and of the incoming re9)urces and applicatK)n of resour, includlng inco aTr expenditure, of the charty for that r)d. In preparir¥J those financial tements, the trues are reoulred to sdect sUltae accountlThJ lIdeS then apply them Connt. obserye the [Det[S and prino e5 in the Chanues SORP; make judgerts and [nateS thal a reawable and prudent; prewe the finarhial 5tstements on the corKem basis nsS It is inaptwprlaie to prewn that the charty I11 contin In bJS1S5.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESEAsfIcAL PARISH OF sr MARY MERTON REpoKf OF THE TRUSIEES FOR THE YEAR ENDED 31 DECEMBER 2025 STATEMENT OF TRiisfEES' RESKMSIBILmES. contlnued The a responsibk fcf kerYJ proper cnng records whh dlth 1th reag)nats acojracy at dme the rinancol )k)n of the chorty and to enat4e theffl to eru that thE finarthl staternents comply wth the Att 2011 The Charfty (kcounts a1 Rep)rtsl Regulatto 21Y)8. Tlw are aks respble for safeguarding the assets of the chanty aTr hen fu takiTrJ reasThble steps for the preventDn arn1 deteCt)n c(frnud and otr regukrities. Appro¥ed by order t)ord of tru#ees on 16 Juty 2026 and SIg on Its belwlf bv,. Mr Russell Penry. Tru&ee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsficAL PARISH OF sr MARY MERTON Independent examinerfj report to th• tntees of The Paro¢htsl ChUh Councll of th• Ecclethtical Parlth of St Mary Merton I report to the Clrty tnLStees on nry examinatk)n of the accounts of The Parod)kil Church crlI of the EccLesL¥tkal Parish st May TrLSt) for year ended 31 Dernber 2025. ResponslbllbtSes and ba515 of roport As the tharty trustees of the Trust ycyj are for the ppaon of the cOunts In acciJrdarKe with the requtrements of the aNIrfUes kt 2011 Cthe kt'l. I rert in resFott cl my e%amlnatlon of the accounts carrieij out Und Section 145 of tt Art arvj in CaY1 out my examinafjon I have fdkxd all appllcatrle Dlrethn5 gfven by Charty Cornrniss4Jn Ur &cUon 145(SXb} ofthe Indendent wimIneI statement sIn your thaty'S gross Inco exceed&J E250,¢)JO your examErr rnt te a memter rf a li&J btryy. I can confiM th& l am qualrfied to undertake the examinatqan l am a nrnber of the InlUte of thartered Accow)tsnts h Eryland ard Wales, whlch L5 cfie of Ild bcJles. I have compted rny e¥an%nafjcffj. I conflmi that no rnaterfal mattets have come to my attethon In connectlon the examinauon glvlng me cause to lIeve that In any material rewt.. accountytvJ records Kere noi kept in resFttt of Twst as required ty Secttcn 130 of the Act,. or accounts do nct accord with those reo)rds; or the accounts tk ttmpty wh the appltabte wuirements corKemlry the form aTrl content of accounts set out In the (Jarit {Accounts and Reports) Regulatk)ns 21M other than any re4uirement that the acwunts gfve ¥ true and fair vlew whth is Thjt a matter cOndered as part of an Independent examinatlon. I have no corcems and have COTr acft)ss rKs cther rnatter5 in connectlon the examlnavon to whlch atternon sfvwld be drawn Sn thLs report In order to enable a woper uTrJerstandlffj ol the Kcounts to be readd. Jcmar ew FCA Tke Inwtute cl Cha knwtants In EngL)rn4 and Wgs Hare¥ FOr LLP Ch3rtwed Accountants 4th FkyJr TUrn House 27-37 st George's Roaj WIrnbdon London SW19 4EU
THE PAROCHTAL CHURCH COUNCIL OF THE ECCLESIAsfIcAL PARISM OF ST MARY MERTON STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 2025 Total furKIs 2024 Totsl Unrthcted Reth(ted fuTh1 ruTrJs rurnls INCOME AND ENDOWMEP4TS FROM DonatMs aThl legbs 155,1(X 10,5 12,306 177,910 172,640 Ch•rltabl• actl¥lthB Church athttes 4,874 4,874 4,826 Other fundr&sirYJ aLl1Ve$ Investment IrKffi)e 82,035 12,892 399 82,434 16,487 84,278 12,796 3,595 Total 254,905 10,899 15,901 281,705 274,540 EXPENDrfuRE ON RaIng fund5 6,893 6,539 Charftablq athltl Churth actNilies Mlssknnary aTrJ tharft&51e 9tYj t"crvan fuNI contriEyJUon Churth hall costs Church rnanagennt aTrJ admlnlstratlon 52,153 13,594 1¢,¢0 65,268 400 59,TrJ2 13,594 65,138 12,927 11S,OLb) 64,429 21,124 86,392 23,758 23,758 21,169 Totsl 261,666 27,573 4C¥J 289,639 285,202 Net gakns on Invethents 46,451 13,380 59,831 21,540 IIEf IMCOMEI(EXPENDtruRE) 16,7611 29,777 28,881 Sl,897 10,878 RECONCILIATION OF FUNDS Total fuTrJs brought forwa ,689 310,778 97,325 468,792 457,914 TOTAL FUNDS CAED FORWARD 53,928 340,555 126,206 520,689 468,792 The notes fcm of these financwl 5tatemvits
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY MERTON BALANCE SHEET 31 DECEMBER 2035 2025 2024 FIXED ASSErs Invethents 15 502fi64 423,334 CURRENT ASSEfs 16 17 150 11,540 63,678 tEbtors Cash at ba 30,807 32,701 63,558 75,368 CREDrroRS ArrKJunts falliry due wthln one year 18 (45,533) (29,910) NEf CURRENT ASSETS 18,025 45,458 TOTAL ASSETS LESS CURRENT LfABILmES 520,689 468,792 520,689 468,792 FIINDS Unrestrlcted luTrts Restricted funds 20 394,483 126,206 371,467 97,325 TOTAL FUNDS 520,669 468,792 The flnarKkl statets apprcNed ty the r of Trust and authcthd tr Iwe on 16 JV 2026 and b%tre sbned on behaf by.. Mrjthn Matthvrt StepheN)n. Tru Mr Russdl Penry. Tnj The notÈ8 forrn Fort oftlw finanoal statemts
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PAIUSH OF ST MARY MERTON NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 DECEMBER 2025 ACCOUNTING PWCIES Ba51s of weparing the fin)n¢l stknments These ftnancial siatennts have teen prepad in rd0[e the CnI SORP (FRS 1021 Acccyjnting a Repo.n9 by Charits'. Statement of RecommeTrJed Practte applKatAe to tharits preparfThJ thelr rnjunts In CCordae wth the Finandal Rely)n9 Stanthrd applIcJ in the UK and Republic of Iland (FRS 1021 (effethe I January 20191 and the fvrities Att 2011. These financlal 5tstemenLs have teen prepared to aTrJ falrf e and have derorted frorn the Charlties (Accounts and Re> Regulatlons 2W8 onfy to the extent requSr& to provide a true and fair, ¥Aew. This departure has Invclved fwIng the Charths SORP IFRS 102) publL8hed In Octoter 2019 ratr than the AcCoUnr¢j aTrJ RewJr¥ng ty CINirrties'. Ststernent of Rea)mmeThd Prdctte effethve from l Aprfl 2005 whkh has In been wbthdrawn. finandal staternenb have treen kYepa under the hlstorlcal cost COnvenon, wth excepUon of Investnkrts whth are Sndud8J at falr value Imatket value) al the balan sheet date, Assets and Ilabiltts are Inlbalty recognlsed at hlstorical co or value unless itherw &ated In relevant CoUnn9 p)ky notelsl. The nnandal statewnts have been prepared In erllng whlch Is the furttlcfial currerKy, and have been fed to the nearest tKJuTrJ. Flnand•l reportSng sknindjrd 102 - reduced dls¢losure exemptlons The charty has tsken advantage of the Idk)wlng dlsdosure exemptlon In preparirvj tse flnarKial statents, OS Ferrtted by FRS 102 The Financ1 ReEvrtlrYJ StsTrJard appllcable In the UK and Republk of IreLrynd'; the rlyulremnts of Sedon 7 Statsment of Cash FIu¥S, Golng conc•m finarKk41 staternents have been prepared on rhe assumptbn that ihe F£C Is able lo contlnue as è concem, whh the tru&ees COnder approprlate havi[ ward to ajrrent kvel of unrestrth reserv4 the flnandal p05ilion, F4ans and the expected thl of incon and expendlture for 12 mcy)Ihs from autlv)rislng these nnandal ternenThe trustee5 consder that there are no material unTrrtalnbes awt the charity's alty to cortlnue as a OrvJ coern. Incorn• IWI inco 15 rttognlsed In the StslenEnt of FInd31 tlUeS on the tharfty ha5 entitrnert to the funds, 11 Is probab that the iOrne wlll recoved and the arrK)unt can be measured reliabty. {1) Donauons aTrJ colkctrins are when received by the PCC 111) Legarjes atE recognlsed on a CaS&byse b?s& fOlk)ThJ granung of pyobote wPen the admlnlstrat0rlext0r for estste has communl(2ted In writlng both the arThJunt and settnnt thie. 11111 Other tradlrvJ aLtivths are TecoJnld In the FerfTrJ In whkh event takes F4ace. (Nl Invethent 15 Kcounted for In Ferp)d kn whlch the PCC Is ented to rethpt. Exp•ThI1re Lkibilrtts a COgnISed as expeThJf(ure as y)on as the Is a legal or rJ)[&rt1Ye obligation conwnittlng tharity to that eX1re, it Is probawe that a transfer of economlc benefits wlll te required In sment and tt amount of the oblwtkjn can be meaww reliabty. Expenditure Is accounted for on an accrua15 basis and has Irt Cksgrd unr diThJs that aggate all cost lated to the category. Where costs cannot te dircdy attributed to pa"Cular headings they Fove en allornted to athwbes on a tRas consfytrnl wth the use of SoUrs. The quota (South LoTh1on Church FurK11 is cOun for when payable. l>ar5 offered sub*ct to conditK)ns whlch have not en met at t year end date are n(tsJ as a Cornrrutnrt lyjt not accrued as expeTrJiturE. -io-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsficAL PAIUSH OF ST MARY MERTON NOTES TO THE FINANCIAL sfATEMErirs- continued FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOUNllNG poucIes- ¢ortlnued Tan&4ble rd t&s•ts Depat ts provkjed at the followirKJ annual rates In order to wrfte off each ast over ts estlrnatsj useful life. Cther equiprnert 20% on c05t Consecrated and benefi wopty of any nd Ys exduJÈxl from th2 flnarKlal StateF[nts ty the CharitEs kt 2011 sectkin 10121 la) and (c}. Flxed Agset Investm•nts Investments are indLhJed In aatertt of p)sltlon at thelr falr value. Fair Val Is defined as qwted prkes In xuve mafftts for ljentlcal assets or 1[ales. I gains and Ic6ses are taken to the Statement of Rnanoal Ath¥AtEes as tly ari. Real ga and on investments are calojlated as the dIfferen tstheen sales pr{$ thelr cffjenlNJ carTr) value or thelr purchase value if acquired 5ubquent to the flr& day of the finandal year. Unrealised galns and Ios5e5 are calculated a5 t dIfferen tefftn lalr value at the year end thelr carryiThJ value. Rea aTrJ uNealised Investment 9alns aTrJ losses are comb1 In the Staterront d FlnancL41 ktlvlJes. StfKks are Val at kjw of cost t realisable value, after making albwano lty obsc4ete and morIj Items. Taxatlon charlty Is ernpt from tsx cffj its tharitsbk Pund accountlng Unrestricted furKls represenl the fund5 of the PCC that we not subject to aw restrlc#cffjs as to thelr we. FU19 deslnated ty the PCC for a partlcukir purpose a al unrestrkred. Restrkled funds can be used for partkul¥ restrthd pUre5. ResLrtrtlons artse when 5pedftd by the th¢x or n fuThJs are rased parttular re5trlcted purp)5e Cetlls ofeach fund is tsKluded notes to the fi001 atements. P•nglon corts •nd oth•r port•retlrem•nt bÈn•flts Tre tharty OpateS a thfined tritAlOn peIOn scherne. ContrfbLiilons payable to the chaTWs penstr)n thme are cha to Ststement of Financyal kUvffje5 kn the Peri( to whkh tly rekte. DONATIONS AND LEGACIES 2025 Tctsl fuNIs 2024 Totsl funds Ufftstrbtsl fuTrJs Re5tri¢leil fuThJs Glft ¢knatbns Tax r0Verab Legack5 Grants Collettths and cther thsnatlons 106,191 26,515 1,500 106,191 29,080 1,500 2,216 38,923 106,827 28,500 21,WO 565 2216 9,525 29,398 16,313 165,604 12,306 177,910 172,640 -li-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY MERTON NOTES TO THE FINANCIAL sfATEMEPllS- continued FOR THE YEAR ENDED 31 DECEMBER 2025 OThER FUNDRAISING ACrnIrnES 2025 Total furK1s 2024 Tcal fuTrJs Unrethrted fuThJs lurnts Church h611 lettings rnffler and fair5 Parf5h magazlne (adverttrj) 59.4CQ 10.650 B,195 4,181 59,40B 10,650 8,195 4,181 62,120 6,428 7,370 8.360 82.434 82,434 84,278 INVEsfMENT INCOME 2025 Tctsl fttnds 2024 Tctsl furds Unrestrthd funds RestrSLte funds Rents rttved Interest aTrJ dfvldend5 700 12,192 700 15,787 65Q 12,146 3,595 12,832 3,595 16,487 12,796 It4COME FROM CHARTfABLE ACTIVrnES 2025 2024 Attlty Fees lor htddlros funerdLq Church xtlWYes 4,874 4,B26 RAIS114G FUNOS Oth•r tr•dlng actMtle• 2025 Tctsl fuTrJs 2024 Totsl ruTrJs Unre5trlcted fuThYs Restrfcted fuTrJs Parfsh and 9ukle 6,893 6,B93 6,539 Grart fuThJing acb'viUe5 (see note Support cos (see note 9) Dirt Bl Tcts Crth KtMtie5 Mls)nary a charttsble glvlng t(Kesan fuThJ contiibubon urch hall c05t5 ljurch rnanagernent arxl &Jmlnlsiration 56.462 2,540 59,1X12 13,594 ioo,o 86,392 13.594 IW.LMK) 86,392 23,758 266.612 13,594 2,540 282,746 .L2-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PAIUSH OF MARY MERTON NOTES TO THE FINANCIAL STATEMEI¥ts- contlnued FOR THE YEAR ENDED 31 DECEMBER 2025 GRANTS PAYABLE 2025 2024 Mwnary aTrJ dthIe gThJ 13,594 12,927 The total grarts pats1 to intuibJrts durlrrfj the year was as follow5.' 2025 2024 Mercy Ships Chhstll Gire Church Mlssk)nary Sc(ty Unl Scthty for Propwatti cl the &J5pel Wekare Fath in Acti SPI Centre Phylcalty HaThJk3prd and Eojkd aLè, Merton 1,693 1,7 1,699 1,693 1,699 5,689 1,034 1,034 1,034 1,034 1,034 1,699 1,699 13,594 12,927 St Marfs supp)rts varlous mtssbns ery yeor wth tlnanthl donlons. the f¢r whkh 15 cakulated the tthing prlnclple. SUPPORT cosrs Goveman Church tIdeS Ip)rt oxts, Iuded In the atThe, are as loll GOrnanCe co 2025 Churth ¥$ 2024 Totsl actMt*s Independent examlner fte (exd.VAT) 2,415 io. 2025 Total fu15 2024 Tctsl lunds Unre&r fuTrJ5 Restrlcted ruTrJs Suppyt CD 2,540 2,540 2,415 -A3-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PAIUSH OF MARY MERTON NOTES TO THE FINANCIAL sfATEMENTS- continued FOR THE YEAR Ef4DED 311KEMBER 2025 ii. TRUSTEES. REMUNERATION AND BENEFITS truee lthe kite Pn"est) hovarlum payrrErts totrllltvj £20,736 durfrwj the year end 31 Drnb 2025 12024.. ÉNIII. Fenshjn mrtrfbutions ¥sEre paid on trkhalf of thls trustee. other trtee5 refve any reMuratIon cf fftr teneffts. Durlng the year end& 31Dernr 2025, 6 trL&ees We 1Mburd tr exFenses IrKurred In t rRrfOm1an of tr1r cknues totalllng £3,080 {2024'. ENII), 12. sfAFF cosrs 2025 2024 weS oTrJ ries Cther per&J) ccs 37,847 1,687 36,291 1,929 39,534 38,220 TIR average monthty number cl emloyees dwfjrrtj the year was as lolk)w5'. 2025 2024 Portsh offi Seuetsry Hall Man4er Mulc 01ctor No ern(>eeS rrfefved emoluments In excess of £60,trJO. COMPARATfvES FOR THE sfATEMENTOF FINA14CIAL Acllvm Unrestrlcted fuTrJ Delgnaied fuTrJs Re*rfcted fuTrJs Totsl rurKIs INCOME AND ENDOWMEMTS FROM Lknnatlors and legaaes 161,863 10,777 172,640 Ch•rit•lA• a¢Ovlll•• Cra) 4the5 4,826 Other fUTrJra1rrfJ InVestrt 80,081 12,796 1,165 3,032 84,278 12,796 Totsl 2S9,566 11,942 3,032 274,540 EXPENDrnIRE ON RaislrvJ fund5 6,539 6,539 Charltable aLtlvStle• urch actNities Mi55bnary aThJ tharftsb gIng Diwesan fuThJ contiibutic ufth hall costs urth managemert and administrntic 50,624 12,927 115,rts) 45,141 21,169 13,914 65,138 12,927 115,000 64,429 21,169 19,288 Total 251,4(] 33,202 285,202 -14-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY MERTON NOTES TO THE FINANCIAL sfATEMEP¥tS- continued FOR THE YEAR ENOED 31 DECEMBER 2025 COMPARATIVES FOR THE SIATEMENf OF FINANCIALACTivrriES. cofitlnued Unrestrthd Deslrwied fu ds Re#ritt&J funds Totsl fuThJs Net galns cn invefftrts 18,417 3,123 21,540 MET IrdcoMEI(EXPENDrnIRE) Trnnrfern beiw•en fvnd• 8,166 (lo,0) (2,843) io,c 5,555 10,878 14et mov¢m•rt In fund• (1,634) 7,157 5,555 10,878 RECONCILL4TION OF RINDS Toial Wht lord 62,5Z3 303,621 91.770 457,914 TOTAL FUNDSCARRIED FORWARD 310,rn 97,325 468,792 14. TANGIBLE FIXED ASSEfs e]uipment At l January 2025 and 31 Denkner 2025 13,594 DEPRECIATION At l January 2025 and 31 Decer(**r 2025 13,$94 IIEf BOOK VALUE At 31 Dertr 2025 At 31 Decanber 2024 15. Investments MARK VALUE At l January 2025 Addltknns DisP05ob Revaluafjc 423,334 51,249 131,7501 59,831 At 31 Dffemter 2025 502.664 14Ef BOOK VALUE At 31 Dember 2025 502,664 At 310ei 2024 423334 TIe ¥Te rK) invesMent assets outside the LK. -15-
THÉ PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF sr MARY MERTON NOTES TO THE FINANcfAL sfATEMENTS- contlnued FOR ThE YEAR ENDED 31 DECEMBER 2025 srocKS 2025 2024 Stocks of gul 150 17. DEBTORS.. AMouKfs FALUNG DUE WITHIN ONE YEAR 2024 1,742 29,065 Tax ¢r)b 8,9 30,7 11,$40 CREDrroRS: AMOUNTS FALUNG DIIE WITHIN ONE YEAR 2025 2024 TrJe ¢yedltors Mlslonary and charltst42 9iwng WeddlrrfJ deposlt5 aTrJ rKelpu8 In advarKe Padsh hall ¢dItO, depOts aThJ agerLy Kcowts Accru&J expenses 4,555 26,521 590 10,820 3,047 4,413 12,927 479 6,433 5,658 45,533 29,910 As at the dale of flnancKI1 statets É9,870 12024 - E4,7331 was paYae to thrd parts In resFect of fees aTrJ colectms fved as )Jent. Durfn9 the year the t¢la1 furKls r1ved as an fees and collecth)ns was £28,972 12024 E19,9991. 19. ANALYSIS OF NEf ASSEfs BEfwEEN FUNDS 2025 Total funds 2024 Total fu$ unrestrIrt Desnated fu5 Restrfcted funds InVestEnts Current èsts CUrnt lIatlItS 36,442 62,923 145,4371 125,642 565 {1) 502,664 63,558 145,533) 423,334 75,368 (29,9101 70 {95) 53,928 340,555 126,2C6 520,689 468,792 Cunparves for ft assets tetren lunds. 31 cmber 2024 Unre5trkted fu$ egnated ds 2024 Totsl funds fuThJ5 Investsnents Current assets Current liabillbe5 15,2C 75,298 (29,910) 310,803 97,325 423,334 75,36B (29,9101 310,873 97,325 468,792
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsfIcAL PARISH OF ST MARY MERTON NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2025 20. MOVEMENT IN FUNDS Net molement in ftJTrJs At 111125 3V12125 Unrestrlcted funds General fuTrJ Honeysett fabtic molnienan Famllles aThJ y(wg peop fvnd Hall fflalntenan fund Mugc schokrthlp fund Outreach fuTrJ Organ malntenarKe f1 Glebe Fund Youth aub nd Patrlck3 Burrows Fund Patrtk Burrows Fabrfc FUTr Spedal th)natI fund 16,7611 3,091 (3,504) 9,290 53,928 28,946 25,855 3,504 io,cx)o 11,771 6,190 36,515 219 941 102,029 113,754 19,290 11,771 5,940 36,515 159 1,016 98,728 128,190 io,0( 12501 {601 75 {3,3011 14,436 10,000 371,467 23,016 394,483 Rertricted funds Peter Smlth ld BelLs ApFeal Musc Granl 97,325 16,575 10,090 2,216 113,91 io,c 2,216 97,325 28,881 126,206 TOTAL FUNDS 468,792 51,897 520,689 Net rnovement In funds, IIKIed In t1 ab)ve are as fc4Loèts.' IT11ng Galrts aTr Movernent In fuTrJs exFeThled Unr•8trICt fun General fund Fk)rwsett fabric molntenan Fanllles aThJ YO Feople fund Hall mainteIr fund C*Jtreath fund Glebe Fund Y(yJth aLkn Fund Patrfda Burrcyw5 FurKI Patrfda Burrows Fabric FuTrJ Swial donaucfi fund 254,905 (261,666) 16,199) 13,5041 16,761) 3,091 13,5041 9,290 12501 (601 75 {3,3011 14,436 lo,0 9,290 9,29) 12501 1384) 324 75 (17,236) 13,935 13,936 10,000 265,804 (289239) 46,451 23,016 Restrfcted fvnds Peter Smlth lu Bells ApFeal Musc GtBnl 3,595 10,090 2,216 (4001 13,W) 16,575 io,c80 2,216 15,901 (400) 13,380 28,881 AL FUNDS 281,705 {289,6391 59,831 51,897 -17-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PAIUSH OF ST MARY MERTON NOTES TO THE FINANCIAL sfATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2025 MOVEMENT IN FUNDS. ¢ontlnued mparatives for movement in funds Net rnement In funts Trnnsfer5 ben fuThl5 At 31112124 At IIIR4 Unr•strfct4d funds General fuTrJ Honeysett fabrfc rna1ntenae Famil¢es youTrJ teOe fund H)11 MaIntenan fund Mu9c scholarship furKI Outreach fuThY (wn ffla1nte fuTrJ Glebe Fund Youth aub FuTrJ Patrfda Burrows Fund Patrfda B(rn Fab Fund 62,523 36,653 21,786 8,166 (10,798) (18,282) (io,orM)) 60,689 25.855 3,504 10,OC#) 11,771 6,190 36,515 219 941 102,029 113,754 li,S64 6,237 33,435 207 1471 219 941 95,890 97,115 6,139 16,639 366,144 5,323 371,467 lie•tr1¢t fv1• Peter Smlth fuTrJ 91,770 5,555 97,32S TOTAL FUNDS 457,914 10,878 468,792 Ccfflporrve net molement In fund5, in the atve are as fdltYK', ]rorn1rJ Gyln5 and sses Mernent In fuThls expended UnroBtrict•d fundj Genernl fund Horftysett fab mainlenarKe Famllle5 and yOg peop fvnd Mulc scholarshlp fund OLrtCh fund Organ n13intenance fund Glebe Fund Patrida 8uttows Fund Patrida 8urn Fabric FuTrJ 259,566 (251,400) (13,867) (18,282) 8,166 110,7981 (18,282) 207 (47) 207 (47) io 1,225 3,070 11,Ci161 219 6,139 16,639 6,139 6,139 10,5 271,508 (284,602} 18,417 5,323 Peter Smlth fund 3,032 (6(X)) 3,123 5,555 TOTAL FUNDS 274,540 {285.2021 21,540 10,878 Unrestrlctod PUd$ Patricia ButT Fund- a fwd (kggn)ted fc¢ the rnaintenance of the church. HoneyiE tsbrt M•'nte- a for ttrE pwpc6e of the maInterkin arKI of the church building. -18-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF MARY MERTON NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 310ECEMBER 2025 MOVEME14T IN FUNDS- continued Howtt Parlth prOts- a fund for the 2022 refurblshment cl the Hall. Famllles and young peor& fvrKls - a fund for the purFQ5e of fu11r6 Ate St and other youih-rekted projects. Hall MaIntenan fuTrJ- a fvThJ fcf the purpose cl TrilntsinirJ fabric of the hall. mUC xholar5k4p fwd - 8 to supp)rt the ffluc of the church Outreath fund . a fuTrJ for of use for 50dal communty events. Kate tjsrey fd . a legacy fund at the dlscretkn of fv PCC. Oryan malnrenarKe fuTrJ- a fund purpose to malntain oryan over 0 30 year 110. Glebe fuTrJ - a fund for fv MaIntenan of Gkbe Flelj and Its trees. Youth aub fund- a sn%311 knd for a youth profttt to be dEtermId ty the Ifc. Peter Snlth Fund . a atY Why capthl can te SFenL Incm to te ap ftf ore or mcxe mLdc holarshlps aTrJ the general benefit of the mUC al Sl Mary's. Hall 4¥Feal Fund 2021-22- a fund ts tl 2022 refurb15hrnent of the Hall. Pund Tr•nof•rn Traets Into strfjLkn fund5 are to e[% tIE b1dcal spend above the re#rfcted 1Ce from unrewicted funds. 21. RELATED PARTY D15CLOSURES There were no related paty tr3n5aCtth for the year ended 31 trnr 2025. 21. SPECIAL COLLECTIONS Churth 2Kted as an agent durfffj year. Collectth rn•Je th.reCt the benefft of third pae5 are not IU In the olThe accounts. colectkJns were as set Brought Forwar IomIng ReUrceS ReKJurce5 ExFended Card Fornard Ashe5 Grou Prep3rati 8ank errcrfs & c(¥recYS aTh1 other 8ell rinrfS fees 8i5hops' Lent The Chiklrens knety CMr-Mlsc-Sush Chir Fees Chri5ban Aid Chch CdlKtion chch CdleLtiors for glfs rt Collecbons DkeS Fee Crisis At Christmas 52 996 (1,048) 828 210 324 1,585 355 852 (1,0961 (2101 (A9 581 325 1,920 1,061 160 3,505 1,246 {1701 11,012) (5-1 1241 (4,4161 (3,4631 24 4,416 94 1,367 1,367 -19-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsficAL PARISH OF sr MARY MERTON NOTES TO THE FINANCIAL SfATEmEPs- contlnued FOR THE YEAR ENDED 31 DECEMBER 2025 22. SPEUAL COLLEcfioNS. conlOnu•d Falthde ((174) 35 400 FU1r[sIng Evert Funeral CollectKJns gan15 Fee5 Royal Bribsh Legk)n verye Fees VlcJrf5 Fees 6,692 1,389 2,097 385 2,1Cl 1,421 16,690) (4231 (2,2291 {394) {350) (1,482) 159 1,125 (1321 (91 1,750 61 4,733 28,972 {23,835) 9,870 -20-