Charity number.. 1134394 QIC.F{TNe copy THE PCC OF ECCLESIASTICAL PARISH OF ST GEORGE THE MARTYR, QUEEN SQUARE WITH HOLY TRINITY, HOLBORN AND BARTHOLOMEW UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Gsfi&co Griffin Stone Moscrop I Co IQQ YEARS
THE PCC OF ECCLESIASTICAL PARISH OF ST GEORGE THE MARTYR, QUEEN SQUARE WITH HOLY TRINITY. HOLBORN AND BARTHOLOMEW CONTENTS Page Reference and admlnlstrative details of the Charity* its PCC members and advlsers Tru5tees' report Independent examinerfs report Statement of financial activities Balance sheet Statement of cash flows Notes to the financial statements 10-24 Griffin Stone Noscrop & Co
THE PCC OF ECCLESIASTICAL PARISH OF ST GEORGE THE MARTYR, QUEEN SQUARE WITH HOLY TRINITY, HOLBORN AND BARTHOLOMEW REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS PCC MEMBERS ANDADVISERS FOR THE YEAR ENDED 31 DECEMBER 2025 PCC member$ Jamie Hailh, Re¢tor Peter Howarth Shaun Port, Church warden Cheh Kuan Tai (resigned 18 May 20251 Ben Towers, Co-opted Sally Jones. Co-tspled Jack Driver-szekely Iresigned 4 April 20251 Linda Alexander David Hilborn Sheila Daibo {resioned 18 May 20251 Naslassja Smart lappoinled 18 May 2025} Domini¢ Wheeler lappoinled 18 May 20251 Charlty registered number 1134394 Prln¢lpal offlc& Sl George's Church 44 Queen SqLtare London WC1N 3AH Accountants Griffin Stone Moscrop & Co Chartered Accounlanls 21-27 Lamb's Conduit Street London WC1N 3GS Page 1 Griffin Stone M05crop & Co
THE PCC OF ECCLESIASTICAL PARISH OF ST GEORGE THE MARTYR, QUEEN SQUARE WITH HOLY TRINITY, HOLBORN AND 8ARTHOLOMEW TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees present their annual report together with the financial statements of the Charity for the year 1 January 2025 10 31 December 2025. Oblectlves and activities a. Pollcles and objectives The parish church of Saint George the Martyr, QLJeen Square sils 'at the heart of London with London on ils heart,. Our vision is lo reach out with kindness, comp8ssion and creativity, introducing all those who live, work and play in central London to Jesus Christ and his love. The worshipping community is the most biblical and most effective way of doing this, and il is our delight and honour that this community gels lo worship in a truly stunning building. Established as a parish church in 1723, our building remains a haven ol peace and beauty, a sanctuary amidst the bustle of modern life. We b&lieve that over 300 years of Christian worship on one sile is very special,. our heartfelt prayer is that the congregation will grow ill ils size and maturity, and the building be restored in its splendour. b. Charltable status and public benefit The PCC has considered the Charity Commission's guidan¢e on public benefrt and, in particular, the specific guidance on charities for the advancement of religion and is satisfi'ed that the aclivilies of Saint George the Martyr fall within such guidance. . Govgrnance and Internal Control The PCC has considered financial governance issues in the year and has maintained the sel of aulhorisalion limits under which the PCC, Executive Committee and staff authorise expendrture. Management accounts are produced on a quarterly basis lo enable the PCC lo monitor the financial position of the church. Achievom8nts and performance a. Revlew of activities The full PCC mel seven limes during the year, with an average level of allendance of 78'/.. The PCC is responsiblo for the finances of the Church, the production and implementation of slalulory policies, and the general oversight and management of the Church. Details of the Church's finances are sel out in the financial review Ibelowl, and the Church Accounts latlachedl. The PCC delegates the day-to-day running of the Church lo the Church staff, allowing them lo focus on vision and oversight. Time has been given lo discussing issues relating lo the church's current and future financial situation as plans are made for full building repair and redevelopment. We have also been focussed on reviewing the use Df a tertiary piece of land that is owned by the church, with a view lo restoring il and increasing its future potential. As al 20 May 2025, the Saint George the Martyr Electoral Roll stood al 47. This represents reasonable growth from 2025, bul indicates we still have work lo do lo enable this church lo fulfil its potential. Page 2 Griffin Stone Moscrop& Co
THE PCC OF ECCLESIASTICAL PARISH OF ST GEORGE THE MARTYR, QUEEN SQUARE WITH HOLY TRINITY, HOLBORN AND BARTHOLOMEW TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Flnanclal revlew a. Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adoquale resources lo continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial slatemenls. b. Financial results Nel movement in funds for the year amounted to a surplus of £314,64212024'. surplus of £31,323). Restricted funds carried forward amounted lo £38.485 12024.. £5,104). Unreslrided funds al the yaar-end amounted lo £1.069.82612024.' £788,565). c. Investment Powers. Pollcy and Performance The church ensures that all funds are available for ils ongoing ministry. Interest received from the bank accounts in the year lolalled £18,31012024. £9,081). Stru¢turO1 governance and management a. Constltutlon Saint George the Martyr is an Anglican Church in the South Camden Deanery, under the Edmonton Area and part of the Diocese of London. The Parochi81 Church Council is a corporate body established by the Church Df England. The PCC operates under the Parochial Church Council Powers Measure. 11 has the responsibility of co- operating with the Rector, James Hailh, in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The appointment of PCC members is governed by and set out in the Church Representation Rules. A Health and Safely Policy Ireviewed annually) is circulated lo and approved by the PCC. Represenlalives from those involved in Children's work regularfy attend child protection training organi5ed by the Diocese and there is a Child Protection Policy in place. b. Risk management The Iruslees have a duly to identify and review the risks to which the tharity is exposed and to ensure appropriate controls are in place lo provide reasonable assurance against fraud and error. Page 3 Grfffin Stone Moscrop & Co
THE PCC OF ECCLESIASTICAL PARISH OF ST GEORGE THE MARTYR, QUEEN SQUARE WITH HOLY TRINITY. HOLBORN AND BARTHOLOMEW TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Stat&m&nt of Trustees, responslbllltles The Trustees are responsible foi pieparing the Trustees, report and the financial slalements in accorLlance with applicable law and United Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounting Praclicel. The law appli¢3ble lo charities in England & Wales requires the Trustees lo prepare financial statements for each financial which give a true and fair view of the slate of affairs of the Ch8rily and of its incoming resources and application of resources, including ils income and expenditure. for that period. In preparing these financial statements. the Trustees are required lo.. select suitable accounting policies and then apply them consistently.. observe the methods and principles of the Charities SORP IFRS 1021., make judgments and accounting estimates that are reasonable and prudent., slate whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material departures disclosed and explained in the financial slalemenls., prepare the financial slalernents on the going concern basis unless i( is inappropriate to presume that the Charity will continue in business. Tho Trustees are responsible for keeping adequa16 accounting records that are sufficient lo show and explain the Charills transactions and disclose with reasonable accuracy at any lime the financial position of the Charity and enable them lo ensure that the financial statements Comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisitsns of the Charity Commission Scheme. They are also responsible for safeguarding the assets of the Charty and hence for taking reasonable steps for the preventlDn and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees on 7 June 2026 and signed on their behalf by,. Jo ie Haith ruslee Page 4 Grlffin Stone Moscrop & Co
THE PCC OF ECCLESIASTICAL PARISH OF ST GEORGE THE MARTYR, QUEEN SQUARE WITH HOLY TRINITY. HOLBORN AND BARTHOLOMEW INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Independent examlner's report to the Trustees of The PCC of E¢¢lesiastical Parish of St George The Martyr, Queen Square with Holy Trinity, Holborn and Bartholomew I'the Charity'l I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 Dember 2D25. Ro$ponsibilitie$ and basis of report As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance wlh the requirements of the Charities Act 20111'lhe 2011 Act'l. I report in respect ol my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under soction 14515}Ibl of the 2011 Act. Independent examlner's statement Since the Charity's gr05s income exceeded £250,000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination because l am a member of ICAEW. which is one of the listed bodies. Your allenlion is drawn lo the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference lo the Accounting and Reporting by Charities.. Slalement ol Recommended Pra¢lice issued on 1 April 2005 which is referred to in the extant re9ulalions bul has been withdrawn. l understand that this has been done in order for the accounts lo provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come lo my attention in connection with Ihg examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act., or the accounts do not accord with those records,. or the accounts do not comply with the applicable requirements concernin9 the form and conlenl of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and faiff view which is not a matter considered as part of an independent examination. I have no cOnrn$ and have Come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understsnding of the accounts lo be reached. Page 5 Griffin Stone Moscrop & Co
THE PCC OF ECCLESIASTICAL PARISH OF ST GEORGE THE MARTYR, QUEEN SQUARE WITH HOLY TRINITY. HOLBORN AND BARTHOLOMEW INDEPENDENT EXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reportsl Regulations 2008. My work ha5 been undertaken so that I might stale lo the Charills Trustees those matters l am required lo slate lo them in an independent examinerfs report and lor no other purpose. To the lullesl extent permilled by law, I do not accept or assume responsibility 10 anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. Signed.. Dated.. 7 June 2026 Robert Smith FCA Grlffln Stone Moscrop & Co Chartered Accounlanls 21-27 Lamb's Conduit Street London WC1N 3GS Page 8 Griffin stone Moxrop & Co
THE PCC OF ECCLESIASTICAL PARISH OF ST GEORGE THE MARTYR, QUEEN SQUARE WITH HOLY TRINITY, HOLBORN AND BARTHOLOMEW STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 Unrestricted funds 2025 Rostrlcted funds 2025 Total funds 2025 Tolal funds 2024 Note Income from: Donations and legacies Other trading activities Investments 532,856 36,330 35,492 33.381 566,237 36,330 35,492 261,690 75,396 18.414 Total Income 604,678 33,381 638,0S9 355,500 Expendlture on.. Raising funds Charitable activities 1,294 322,123 1,294 322.123 2, 142 322.035 Total oxpendituro 323,417 323,417 324, 177 Net movement in funds 281.261 33.381 314,642 31,323 Reconciliation of funds: Total funds brought forward Net movement in funds 788.56S 281.261 5.104 33,381 793,669 314,642 762,346 31.323 Total funds carried forward 1,069,826 38.485 1,108,311 793,669 The Slalemenl of financial activities includes all gains and losses recognised in the year. The notes on pages 10 10 24 form part of these financial statements. Page 7 Griffin Stone Moscrop & Co
THE PCC OF ECCLESIASTICAL PARISH OF ST GEORGE THE MARTYR. QUEEN SQUARE WITH HOLY TRINITY. HOLBORN AND BARTHOLOMEW BALANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 Note Fixed assets Tangible assets 12 10,520 16.498 10,S20 16,498 Current asset5 Debtors Cash at bank and in hand 13 149,588 956,255 56, 789 743,660 1,105,843 800,449 Current liabilities Creditors.. amounts falling duè within one year 14 18,0521 (23,278) Nèt current ass&ts 1,097.791 777. 171 Total assets less current liabilities 1,108.311 793,669 Total net assets 1,108,311 793,669 CharÉty funds Restricted funds Unrestricted funds 16 16 38.485 1,069,826 5, 704 788,565 Total funds 1,108,311 793, 669 The financial slalemenls were approved and aulhorised for issue by the Trustees on 07 June 2026 and signed on their behalf by.. Jamfe Haith Trustee The notes on pages 10 10 24 form part of these financial statements. Page 8 Grlffin Stone Moscrop & Co
THE PCC OF ECCLESIASTICAL PARISH OF ST GEORGE THE MARTYR. QUEEN SQUARE WITH HOLY TRINITY. HOLBORN AND BARTHOLOMEW STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Cash flows from operating actlvlti&s Nel cash used in operating activities 179.981 56,278 Cash flows from investing activities Dividends, interests and rents from investments Purchase of tangible fixed assets 35,492 12,8781 18,414 (1,345) Nat cash provided by investing activities 32,614 17.069 Cash flows from flnancing actlvltigs Net cash provided by financing activltles Change In cash and cash equlvalents in the year Cash and cash equivalents at the beginning of the year 212,595 73,347 743,660 670,313 Cash and cash equivalents at the end of the year 956.255 743.660 The notes on pages 10 to 24 fomi part of these financial slalements Page 9 Grfffin Stone Moscrop & Co
THE PCC OF ECCLESIASTICAL PARISH OF ST GEORGE THE MARTYR. QUEEN SQUARE WITH HOLY TRINITY, HOLBORN AND BARTHOLOMEW NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Genèral Infomiatlon The PCC ol Ecclesiastical Parish of St George The Martyr is a registered charity with the Charity Commission in England & Wales Icharily number. 11343941. The registered office address is 44 Queen Square, London, WC1N 3AH. Accounting policies 2.1 Basis of preparatlon of financial statsments The financial slalemenls have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Slalemenl of Recomrnended Practice applicable to charities preparing their accounts in accordance with the Financia1 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffecliv& 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The financial statements have been prepared lo give a 'lrue and fair, view and have departed from the Charities (Accounts and Reports) Rogulations 2008 only lo the extent required lo provide a 'lrue and fairf view. Thi5 departure h85 involved following the Charities SORP IFRS 1021 published in October 2019 rather than the Accounting and Reporting by Charities." Statement of Recommended Pracli¢e effective from 1 April 2005 which ha5 since been withdrawn. The PCC of Ecclesiastical Parish of Sl George The Martyr, Queen Square with Holy Trinity. Holborn and Bartholomew rneels the definition of 8 public benefit entity under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise slated in the relevant accounting policy. 2.2 Income All income is recognised once the Charity has entitlement lo the income, il is probable that the income will be received and the amount of income re1vable can be measured reliably. The recognition of income from legacies is dependent on establishing enlillement, the probability of receipt and the ability lo estimate with sufficient accuracy the amount receivable. Evidence of enlillemenl lo a legacy exists when the Charity has sufficient evidence that a gift has been left to them Ilhrough knowledge of the existence of a valid will and the death of the benefaclorl and the executor is satisfied that the property in question will not be rgquired lo satisfy claims in the eslale. Receipt of a legacy must be recognised when it is probabl& that il will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed lo the Charity, can be reliably measured. Grants are included in the slalemenl of financial activities on a CeIVable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the balance sheet. Where income is received in advance of enlillemenl of receipt. 115 recognition is deferied and included in creditors as deferred income. Where enlillemenl occurs before income is received, the income is accrued. Income lax recoverable in relation to investment income is recognised al the time the investment income is receivable. Page 10 Griffin Stone Moscrop & Co
THE PCC OF ECCLESIASTICAL PARISH OF ST GEORGE THE MARTYR, QUEEN SQUARE WITH HOLY TRINITY. HOLBORN AND BARTHOLOMEW NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng policies Icontinuedl 2.3 Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party. il 15 probable that a transfer of e¢onomi¢ benefits will be required in selllement and the amount of the obligation can be measured reliably. Expenditure is Classified by activity. The costs of each activity are made up of the total of direct costs and shared costs. inclLJding support costs invofved in undertaking each aclivily. Direct costs allribulable lo a single activity are allocated directly lo that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consislenl with the use of resources. Central staff costs arè allocal&d on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charrtable activities is incurred on directly undertaking the activities which further the Charitls objectives, as well as any associated support costs. Grants payable are charged in the year when the offer 15 made except in those cases where the offer is condition81, such grants being recognised as expendrture when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been mel al the year end are noted as a ¢ornmilment. bul not accrued as expenditure. All expenditure is inclusive of irrecoverable VAT. 2.4 Interest receivable Interest on funds held on dep05il is included when receivable and the amount can be measured reliably by the Charity., this is normally upon nolificalion of the interest paid or payable by the inslilulion with whom the funds are deposited. 2.5 Tanglbl& fixed assets and depreciation Tangible fixed assets costing £NIL or more are capilalised and recognised when fvlure enOMiC benefits are probable and the cost or value of the asset Con be measured reliably. Tangible fixed assets are initially recognised at cost. After iecognilion, under the cost model, tangible fixed assets are measured al cost less accumulated depreciation and any a¢¢umulated impaimient losses. All costs incurred to bring a tangible fixed asset into f(5 intended working condition should be included in the measurement of cost. Depreciation is charged so as lo allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, Depreciation is provided on the following bases.. Plant and machinery Office equipment Computer equipment 25°/o on cost 25Q/o on cost 250k on cost 2.6 Debtors Trade and other debtors are recognised at the Settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid nel of any trade discounts due. Page11 Griffin Stone Moscrop & Co
THE PCC OF ECCLESIASTICAL PARISH OF ST GEORGE THE MARTYR. QUEEN SQUARE WITH HOLY TRINITY, HOLBORN AND BARTHOLOMEW NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policies Icontinuedl 2.7 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.8 Llabilities and provisions Liabilities are recognised when thore is an obligation al the balance sheet dale as a result of a past event, il is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised al the amount that the Charity anlicipales il will pay lo Settle the debt or the amount il has received as advanced payments for the goods or services il musl provide. Provisions are measured al the best estimate of the amounts qUired to sellle the obligation. Where the effect of the lime value of money is material, the provision is based on the present value of those amounts, discounted al the pre-tax discount rate that reflects the risks specific lo the liability. The unwinding of the dis¢oLJnl 1$ recognised in the slalement of financial 3clivilies as a finance cost. 2.9 Flnancial instrument5 The Charity only has financial assets and financial liabilities of a kind that qualrfy as basic financial instruments. Basic finan¢ial inslrLJmenls are initially recognised at transaction value and subsequen15y measured at their selllement value with the exception of bank loans which are subsequently measured al amortised cost using the effective interest method. 2.10 Fund a¢¢ounting General funds are unrèstrided funds which are available for use al tho discretion of the Trustees in furtherance of the general objectives of the Char((y and which have not been designated for other purposes. Designated funds comprise unreslricled funds that have been sel aside by the Trustees for particular purposes. The aim and use of each designated fvnd is sel out in the notes to the financial slalemenls. Restricted funds are funds which are lo be used in accordance with specrfic reslriclions impose(S by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is sel out in the notes lo the financial statements. Investment income. gains and losses a allocated lo the appropriate fund. Page 12 Grlffln Stone M05crop & Co
THE PCC OF ECCLESIASTICAL PARISH OF ST GEORGE THE MARTYR, QUEEN SQUARE WITH HOLY TRINITY, HOLBORN AND BARTHOLOMEW NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Income from donations and legacles Unrestrlcted Restrlctgd funds funds 2025 2025 Total funds 2025 Donations Legacie5 Grants 123,534 380,000 2,079 27,243 123,534 380,000 36,460 27.243 33,381 Grft Aid reclaimed Total 2025 532.856 33,381 566,237 Unrestricted fvnds 2024 R8slricted funds 2024 Total funds 2024 Donations Legacies Grants 159, 735 38.674 35,316 22,861 5, 104 164,839 38,674 35,316 22,861 Gift Aid wlaimed Total 2024 256,586 5,104 261,690 Income from othèr tradlng actlvities Income from fundralsing events Unrestri¢ted funds 2025 Total funds 2025 Venue hire Events Other income 28,873 1,494 5,963 28,873 1,494 6,963 Total 2025 36,330 36,330 Page 13 Griffin Stone Mosuop & Co
THE PCC OF ECCLESIASTICAL PARISH OF ST GEORGE THE MARTYR, QUEEN SQUARE WITH HOLY TRINITY. HOLBORN AND BARTHOLOMEW NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Income from other trading activities Icontinuedl Income from fundraisiny events Icontinuad Unr&strict&d funds 2024 Total funds 2024 Venue hire 36,006 1,943 37,447 36,006 1,943 37,447 Events other income Total 2024 75,396 75,396 Investrnent income Unre$trictad funds 2025 Total funds 2025 Rents receivable Bank interest 17,182 18,310 17.182 18,310 Total 2025 35,492 35,492 Unreslricled funds 2024 Total funds 2024 Rents receivable Bank interest 9,333 9.081 9,333 9,081 Total 2024 18,414 78,414 Page 14 Griffin Stone Moscrop & Co
THE PCC OF ECCLESIASTICAL PARISH OF ST GEORGE THE MARTYR, QUEEN SQUARE WITH HOLY TRINITY, HOLBORN AND BARTHOLOMEW NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Analysis of grants Grants to Institutions 2025 Total fund5 2025 Total 2025 Grants lo Institutions 2024 Total funds 2024 Grants 555 555 Total 2024 555 555 Analysis of expendlture on charltsble a5VItIeS Summary by fund type Unrestrlcted funds 2025 Total 202S Church running costs Diocesan Parish share Ministry costs Major repairs 210,928 25,000 7,329 78,866 210,928 25,000 7,329 78,866 Totsl 2025 322,123 322,123 Page 15 Griffin Stone Moscrop & Co
THE PCC OF ECCLESIASTICAL PARISH OF ST GEORGE THE MARTYR, QUEEN SQUARE WITH HOLY TRINITY, HOLBORN AND BARTHOLOMEW NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Analysis of &xpgnditure on charitable activities Icontinuedl Summary by fund type Iconllnuedl Unfftslricled funds 2024 Total 2024 Church running costs Diocesan Parish share Ministry costs 291, 783 25,000 5,252 291, 783 25,000 5,252 Total 2024 322,035 322,035 Anatysi$ of expenditure by activlties Activities undertaken directly 2025 Support costs 2025 Total funds 2025 Church running costs Diocesan Parish share Ministry costs Major repairs 196,829 25,000 7,329 78,866 14,099 210.928 25.000 7.329 78,866 Total 2025 308,024 14,099 322,123 Activities undert&ke direclly 2024 Grant funding ol activities 2024 Support costs 2024 Total funds 2024 Church running costs Diocesan Parish share 271,797 25,000 5,252 555 19,431 291, 783 25,000 5,252 Ministry costs Total 2024 302,049 555 19,431 322,035 Page 16 Griffin Stone Moscrop & Co
THE PCC OF ECCLESIASTICAL PARISH OF ST GEORGE THE MARTYR, QUEEN SQUARE WITH HOLY TRINITY, HOLBORN AND BARTHOLOMEW NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Analysis of expenditure by actlvlties Icontlnuedl Analysis of direct costs Church running costs 2025 Dlocesan Parish share 2025 Ministry costs 2025 Major repairs 2025 Total funds 2025 Tolal funds 2024 Staff wsts D&precialion offi Costs Staff consultancy costs 45,761 8,856 3,301 45.761 8,856 3.301 9,941 2,446 80.855 80.655 105,563 Property insurance Diocesan Parish share 8.838 8,838 8,533 25,000 25,000 5,085 3,946 25,000 6.170 1, 727 Rectory costs Ministries internal Ministries external other church related costs SeNices and worship Cleaning 5.085 3.946 2,640 2,640 2,640 23.819 23.819 91,989 743 743 3,569 6,160 151 885 2,461 10,484 952 3.569 6,160 151 Training costs Premises repair and renewals Project management Costs Legal fees Collingham Gardens repairs 2.414 30,970 33,384 7.630 5,775 5,775 8,220 8.220 25.628 42,121 42,121 Total 2025 196,829 25.000 7,329 78,866 308,024 302,049 Page 17 Griffin stone Moscrop & Co
THE PCC OF ECCLESIASTICAL PARISH OF ST GEORGE THE MARTYR, QUEEN SQUARE WITH HOLY TRINITY, HOLBORN AND BARTHOLOMEW NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Anatysis of 8xpenditur8 by activlties Icontinuedl Analysls of support costs Church runnlng Costs 2025 Total funds 2025 Total funds 2024 Travel and subsistence SunLlries Telephone and inlemel Advertising and marketing Printing, PDslage and photocopier Recruilmenl fees Subscriptions Governance costs 106 793 1,084 3,044 219 2,981 1,198 4,674 106 793 1,084 3.044 219 2.981 1,198 4,674 98 61 1.426 12. 130 482 1.311 3.923 Total 2025 14,099 14,099 79,431 Independent examiner's remuneration 2025 2024 Fees payable lo the Charty's independent examiner for the independent examination ol the Charitys annual accounts 3,180 2,880 10. Staff costs 2025 2024 Wages and salarie5 Social security costs Contribution lo defined ¢ontribulion pension schemes 40,174 5,213 374 45,761 Page 18 Griffin Stone M05crop & Co
THE PCC OF ECCLESIASTICAL PARISH OF ST GEORGE THE MARTYR, QUEEN SQUARE WITH HOLY TRINITY, HOLBORN AND BARTHOLOMEW NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 10. Staff Costs Icontlnu&dl The average number of persons employed by the Charity during the year was as follows.. 2025 No. 2024 No. Employees No employee received remuneration amounting to more than £60.000 in either year. 11. Trustees. remuneration and expenses During the year, no Trustees received any remuneration or other bgnefts f2024- £NIL). During the year ended 31 December 2025, no Trustee expenses have beeri incurred (2024- £NIL). 12, Tanglblg fixed a$$ets Plant and machlnery Office equipment Computer equipment Total Cost or valuatlon Al 1 January 2025 Additions 247.413 3,574 5.296 2.878 256.283 2,878 Al 31 December 2025 247.413 3.574 8,174 259.161 Depreciation Al 1 January 2025 Charge for the year 231,732 8.260 3.440 4S 4,613 651 239.785 8.856 At 31 December 2025 239,992 3,48S 5,164 248,641 Net book value At 31 December 2025 7.421 89 3,010 10,520 Al 33 December 2024 15,681 134 683 16,498 Page19 Griffin Stone Moscrop & Co
THE PCC OF ECCLESIASTICAL PARISH OF ST GEORGE THE MARTYR, QUEEN SQUARE WITH HOLY TRINITY. HOLBORN AND BARTHOLOMEW NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 13. Debtors 2025 2024 Due within one year Other debtors Propayments and accrued income BO.000 69,588 310 56,419 149.588 56,789 14. Creditors.. Amount5 falling due within one year 2025 2024 Other creditors Accruals and deferred income 1,818 6,234 23,278 8,052 23,278 15. Financial instruments 2025 2024 Financial a55ets Financial assets measured 81 fair value through income and expenditure 956.255 743,660 Financiol assets measured al fair value through income and expenditure comprise cash al bank. Page 20 Griffin Stone Mosc &Co
THE PCC OF ECCLESIASTICAL PARISH OF ST GEORGE THE MARTYR. QUEEN SQUARE WITH HOLY TRINITY, HOLBORN AND BARTHOLOMEW NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 16. Statgment of funds Statement of funds- current year Balance at 31 De¢gmber 2025 Balance at 1 January 2025 Income Expendlture Unrestricted funds Deslgnated fund$ Working capital fund (lottery church works) Legal designation Collingham Gardens renewal fund Development phase contribution match funding 300,000 100,000 100,000 300.000 100.000 100,000 50,000 7,151 143,3341 13,817 550,000 7,151 (43.3341 513.817 General funds General Fund 238,565 597,527 1280,0831 556,009 Total Unrestricted funds 788,565 604.678 {323,4171 1,069,826 Rgstrlctod funds 8uilding renewal projoct 5,104 33,381 38,485 Total of funds 793,669 638,059 1323,4171 1,108,311 Page21 Griffin Stone Moscrop & Co
THE PCC OF ECCLESIASTICAL PARISH OF ST GEORGE THE MARTYR, QUEEN SQUARE WITH HOLY TRINITY. HOLBORN AND BARTHOLOMEW NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 16. Statement of funds Icontinuedl Statement of funds- prior year 8&lance al 31 December 2024 Balance al 1 January 2024 Income Expendilu Unrestricted funds Deslgnated funds Working capital fund Ilottery church works) Legal designation Collingham Gardens renewal fund Development phase contribution match funding 300,000 100,000 100,000 300,(X)O 100,000 loo,000 50,000 50,000 550,000 550,000 General funds General Fund 212,346 350,396 (324, 17TJ 238,565 Total UnroStrl¢lgd funds 762,346 350,396 (324, 1 TTJ 788,565 Restricted funds Building renewal project 5, 104 5, 104 Total of funds 762,346 355,500 (324, 177) 793,669 Page 22 Griffin Stone Moscrop & Co
THE PCC OF ECCLESIASTICAL PARISH OF ST GEORGE THE MARTYR. QUEEN SQUARE WITH HOLY TRINITY. HOLBORN AND BARTHOLOMEW NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 16. Statement of funds Icontlnued} The reslricled fund represents fundraising income for matched funding for the HLF grant. These funds have not been spent and will Ljllimately be spent on the building renewal project. General funds lotalling £550,000 were designated in 2023 for various reasons.. Working capital fund Ilottery church worksl Though we are applying for grants and doing fundraising, there is a lag between outlay and reimbursement by the grant awarding body. So we need lo have the finance on hand lo make those large building payments until the reimbursement comes through. Legal designation This is lo ensure we can manage polentl81 legal disputes in relation lo land we own and other parties, interests in those lands. Collingham Gardens renewal fund We have a historic wall on Collingham Gardens within Sl George's Gardens. This needs to be repaired and though there will be other parties contributing, we need lo ensure we can complete the works once started in the event that those other parties do not pay immediately. Development phase contribution match funding Heritage Lottery Fund development phase. They require us lo pul up some money lor the development alongside their grant portion. 17. Analysis of net assets betweon funds Analysls of net assets between funds- current year Unre$trlcted Restrlcted funds funds 2025 2025 Total fund5 2025 Tangible fixed assets Current assets Creditors due within one year 10,520 1,067,358 18,0521 10,520 1,105,843 18,0521 38.485 Total 1,069,826 38.485 1,108,311 Page 23 Griffin Stone Mo%rop& Co
THE PCC OF ECCLESIASTICAL PARISH OF ST GEORGE THE MARTYR, QUEEN SQUARE WITH HOLY TRINITY, HOLBORN AND BARTHOLOMEW NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 18. Rgconclllatlon of net movement Sn funds to net cash flow from oporaling activiti 2025 2024 Nel income for the year las per Slalement of Financial Acliviliesl 314.642 31,323 Adjustments for: Depreciation charges Dividends, interests and rents from investments Decreasellincreasel in debtors Decrease in creditors 8,856 135.4921 192,7991 115.2261 9,941 (18,414J 36.446 (3,018) Nat cash provlded by operatlng activities 179,981 56,278 19. Analysls of cash and cash equivalents 2025 2024 Cash in hand 956,255 743,660 Total cash and cash equivalgnts 956.255 743,660 20. Analysls of changes In net debt Atl January 2025 Cash flows At31 December 2025 Cash al bank and in hand 743,660 212,595 956,2SS 743,660 212.595 956,255 21. Related party transactions During the year, lotsl don*ions made lo the church from members of the PCC lotalled £98,26012024 - £82,829). Page 24 Giiffin stone N05crop & Co