81 Andr•w'• P•alt•r L•n• Chur¢h An AngliG4n M¥ihodisr P•rtnarship Charlty RegIralk Number 1137529 Unaudited Flnancial Statements For the year ended 31 August 2025
St Andrew's Psalter Lane Church AJOINT ANGLIC**I MEfHODISf PARTNERSHIP Trustoes and E¢um•nlcal Churth Membo Mlnlst•r Reverend N Cooke thurch 5tewardy & Wardens J Owèn J C Cripps M E Mitchell Chair A L Calvert Treasurer JWDey Secretary J l Loughrld8e r Members A E HaNev A E Hollows A R Morrfs C Loughrldge CJ Cripps E Handy (Appolnted 11.05.20251 J H Hardln8 J Jordan Brown J L BywateTS {Apinted 25.11.2024) J M Carpenter J M Roberts K A Hadrett IReslgned 25.IL20241 P J Sandford IAppointedll.05.20251 P L Mitchell RA Morris S L Hlndmar5h {Resigd 11.05.20251 W Atherton
St Andrew's Psalter Lane Church Unaudltéd Finandal Statements Fry the year eNkd 31Au8urt 2025 Index Report of iheTru5tees Trustees, Responsibiif(ies Independent Examlnerfs Report Stalement of Financial trtIeS BaLino Sheet Notes Reserves Polcy
St Andrew's Psalter Lane Church Rwrt ofth• TnNte•5 ofStAndrtw's Ps•lteri•M Chwth Basls of preParatk and Loaal Fvamework The Charitvs annual report and conts fortheyear ended 31 Au8Wt 2025 have been wepared in accordance with SORPIFRS 1021 as updated. beirqthe current version of Accountlrg and Reportin8 by Charities: Statement of Recomrnended pr4de. Full Name of Charitylchurch. The Ecumenlcal Churth c¢1 of st Andrevts Psalt•r Lane Church. Sheffield Re8tstratlon Charity Numbef: 1137529 Oate of reyJstratlon'. 17 Awt 2010 ma communication add$$.. Church Office. Shirley House. 31 Psalter lane. Sheffiehj. Sll 8YL Alms & th8anls*lon Saint Andr@S Psalter Lane Churth is an Ar¥frMett Local EcumenKal Partnership. We combine the practice5 01 ourlwo traditions to become a coryegation seekingto follow the way of Jesus. In ourworship and In oura¢tknns in our communlty. On ourioumey of faith, we ask questions and wonder at answers: we celelyate Ilfe In am its fullness: and we Iravel deeper Into Èxpltsring the rnystery of God. We are an inthsrye church because we welcome. celebrate and affimi all persons as they ère. without discrimination. We maintain a congregation in which all members and adherents are encouraged to be themSee5, wherever they mi8ht find themselves in lrfe. wherever they miBht find themselves on a journey of faith. Pa8e I
St Andrew's Psalter Lane Church Trust••s' Re5ponSlbilies The trustees are responsiwe for preparln8 theTntee$. Annual Report and the flnafKlal statements in accordance with applicable law and United Xingdorn Accounti Standard5 (United Kingdoffl Geralty kcepted Accounting praCte). The law appllcable to chartties in England & Wales requires the tnJ5tees to wep•rt fmanclal statements for eath financial year which 8f4fe o Iwue and fair view of the state ot affairs ¢rfthe charttv and of the Incomi resources arKI application of resources of chartyfor the period. In Preparlng these financial statements, the tfusttes are requwed io. select suit•ble accountln8 wlicie5 and ath them tonslstentty; obseThe the methods and principles In the Charrties SORP 2019 IFAS 1021; makejud8mènts and estimates that are reasonable and wdeni: stale whether applicable accountin8 Standard5 he been followed: prepare the financial statements on the golng COnM basis unkn it ts Inappropriate to presume that the charity will continue in operath)rL The Trustees are responsible forkeeping woper accounting ordS whkh disclose with reasonable accuracy at any tbrne thè financial posilion olthe clrth and ènable thèm to ensuie that the financial staternents compty with the law. They are abo re5pon5ible for safesuarding the assets of the Church and ensurin8 their proper applicatK)n under charity law, and hence fOrtakI Teasonable step5 forthe preventlon and detectlon of frdud and Irre8ularitles. The Trustees afÈ resm7nsiè for the maintenance and inte8rity of the torporate and financial informatSon included on the Church's website. Le8islat)n In the Uniled Kin8dom 8overnin8 the preparation and dissemin[0 of financial statements and trustees. rewts may differ from leBislation in otherjurisdictiorts. Fknan¢lal Revkw Total income In the year ermled 31 August 2025 was £245k, expethdtrtsie betng £2(%k rtsuEtinE in net itKome of £39k. In the yearwe achleved In¢sed IoMe lettlrw In¢omt frryn unrestricted offerin8s has remained consistent. Our operating costs were than in 2024. This contiNed financ1 has enabled to increase oursupport to the Circuit and Diocese. ma•ntair• our property and donate a record amotjnt to good causes. Going forward we ¥e In a strong POSitti)n financ411ty and sIu benefrt from the work put In to a¢hiev? a firm base on whKh to t¥Jild ourfuture. We We suttes$ful in our appeal to raiseful and pledges forthè employment of a Tray worker. The apal has raised a totsl of E35k with fijrther pledBes of £40k. An appointment has now been made and the role commenced in August. A sptial thank VC to memtrffihip and the orBanisatior suprKJrtin8 the appeal. The Trustees have every reason to believe that the Church is a 8oing concem as there are sufficient contributions from members and sUPPOrtefs to meet commitments aThl liabilities. Page 2
St Andrew's Psafter Lane Church Ind•pondft Examlnerfs Roportto the Truste•s of StAnthrfs Psaku Lane Clwr¢h I rèport to th tmstees on my examinatK)n ofthe financial statements ol St AlTe$ Psalter Lane Church Ithe Charityl forthe year ended 31 August 2025. set out on pa8es 4 to 9. RespoMlb#ltles and B•sls of Reyt As theTrustees of the (Jwrity you a resp(N)sibf0r the prepariort of ohe financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report In respert of my examinath)n of Charlvs flnandol slatemehts carried out undèr sectlon 145 of the 2011 Act. In carrwng out my examinatNm I have followed all the kable Direction5 given ty the CharKty Commlssion uThler Section 14515llbl of the 2011 ACL Indeptttdert Examlnerfs Statement I h3Vt completed myexamlnatlon. I confimi th no matters have come to my attention coriliertion wlth the examination giving me cause to believe that in. any material respect: l accountlng rocords were not kept Ir• re5pert of ihe Chanty as required by sec1n 130 of the 2011 Art; 2 the financial statements do not accord wréh those records: or 3 the flnancial staternents do not comply wlth the appltsile requirements concemln8 the fomi content of account5 Set out in the Charities IA¢counts and Reports) Regulations 2CfA other than any requlrement that the accounts 8ive a true and fatr bryew TlbKh s nol a matter considpred as of an Independent exlThatln. I have no concerns and have come acmss no other matters in conneclk>n with examinatlon to which èitention should be drawn In thi% report in order to enabie a proper urbderstandky of the financlal Statements to be reached. OSJJ S L 8laden FCA Hawscms Limlted Chartered Accountan15 Pegasus House 463a Glossop Road Sheffield 510 2IXI Page 3
St Andrew's Psalter Lane Church Statement of Financlal Arti¥illes For the year ended 31 August 2025 2024 Tatsl Fd5 Tot•l INCOME Offerin8s & Tax Recovered Gfanis Le8acie5 Bank Interesl Lettings Other Receipts TOTAL JNCOME I.616 6.493 34.865 135.481 11.955 18.448 l(Q,245 18,934 21,696 4.485 73.177 2,071 210,608 4.551 1.405 5.956 79.846 5.394 245,125 5.394 1%,900 413.225 EXPENDITURE Payments to arcuit Payments to DKJ¢ese Donations Repairs, Works & Maintenance 60.816 16.868 io.c 25.8 29.6LKI 31,563 174,653 f).816 16.868 10,0 55.194 29.fAKI 33,895 373 56.A44 18.534 8.360 115,212 41,477 30.331 270,758 29.388 other Payments TOTAL EXPENDITURE 2,312 3L720 NET INCOME FOR THE YEAR Net Movement In ndS ReconcIllati of Funds: Brought Forward From Last Year Total Funds Carried Forward 22,247 21.247 16,505 16.505 38,752 150,1501 752 150.150) 796.511 21.696 21.696 49,227 65,732 867,434 917,584 906.186 867.434 Page 4
St Andrew's Psalter Lane Church Salance Sheet A5 at al August 202S 2024 Tan8lblt Fixed Assets Land & Bulldings 7CII.LIIO 700.skn) Debtors & Prepayments Cash at 8ank and in Hand Cential Finan Board Depxits 20,589 17,397 170.2LK) 208.186 17,385 39.146 IIS.014 171.545 Crethtors: amounts fall& due one yex Creditors and Accrnals 14,111 Net Current Asmts 167A34 Totsl Assets le55 Cuffent ii41Jilltles Ine4me Funds fteStrted Funds Unrestrlrted Funds: OesiBnated Funds General Unrestrirted Funds 65,732 49,227 21.696 818.758 21,6% 796.sll 906,186 867,434 Apprthl The flnancialstatements were approved by the Trustees otb... Joseph Treas ey FCA Pa8e 5
St Andrew's Psalter Lane Church Notes to the Finan¢ial Statements As at 31 August 2025 18•sts of Pr•paratlon Chaffty Inlornmllon St Andrew's Psaher Law Chwch is a hxal ecumentsl partnershlp between Arlican and Methodbt churche5. 1.1 Actountkn8 framework The financial ststements have been prepared ITh accordat wilh the Charltles Act 2011 and the Charitiés: Stattment of Rècommend Prartè 2019 as applicable to the Financlal Reportlng Standord FR5102. The Charity is a publ Benefft Entity as dellned by FRSIO2. The Chadty has taken ad¥anty ofthe w0vtshS lft the SORP for chafftles appfylng FRS102 Update Bulletii I not to prepare a Statement of Cash Flows. The flnancial statements ore pr¢parEd in sterlin& whith the functiowtal currerKy of the Charity. Monetary amounts in these financial statements are rourrfled to the nearest £. The financlal statements have been prepared under ihe historical cost convention. modif1 by the revabJatk)n of freehokl propertie5. Thè prlrtelp•l >¢¢ountin8 policies are set out below. 1.2 GeOn8 Cobxem At the tirne of •pprovHW the financial statements. the Tne$ have a reasonable expectation that the Charity ha5 adequate resryJrces to contlnue in operat¥)nal existence forthe foseeable fure. S the Trustees ttinUe to •Jopt the 8oiTr8 concern basis of actovntln8 in preparing the financlal statements. 13 tharltJlAe Fund5 Unrestrlrted Funds The General Fund rewesentsthe fijnds of the Clwrth that are not subiett to any restrictlons regardin8 thelr use and are available for appllcatknn tothe general wrp05e5 olthe Church. Des1vtr Fts Funds designated for a particular purpose by the Cthurth are ilso unrestrlrted. Restrirted Fwds The restricted funds comwlse: Solar Panek Fund. Style Rewir Fund.Eco Projects Fund. MusiclAV Fund, Tuesday Cafe Fund. W Davey Bewe5L Churth Repair Fund and Lay Worker Fund L4 lficome R*tO8nitl Income is included in the Statement of Financtsl Atti¥ities (SOFA) when ihe Churth becomes entitled to the resources aThl the Trustees are reasonably certain they will be recetved. Page 6
St Andrew's Psalter Lane Church hlotes to the Flnancial Statements As at 31 Augiist 2025 Expendifure is recogni5ed when a Ilabil¥ ts Incurred, ora constructive obtlon arists. that results in the payment being unavoldable. Llabilrtks are reco8nised as soon a5 an outfh)w of economic benefit is consldered more likely than not under or constructive obligatlon cOmmtIng the Church to pjy out resources. L6 Tanilble Hxed Assets thruse * th• CIMrch These wll be capitalised tftlw can be used for MLWE than one year. The freehold properties a shown at estimated MathetVae. 2 Payrnerts to Tntee5 a125 2024 Payments rnade to Trustees foraddttional servkes wovided to the Chjrch by agreement with the Ecumen1 Church Councll Meeti. 3 and AsM¢lated Costs Staff Costs paid duri the year were: Gross wages arrfl sa17 Employerfs National Insurancecontributwns Pension Costs Total Staff Costs 27,989 829 258 29.076 24.128 210 4 T•nglble Flxed Assets Churth Land & Bulldin8 Cos¢ or Valuatknn Brought fomard AdditTh$ Dlspos Carried forward Aceumulated Dewedat Brought fopward Dtpreclatlon charge for the year OIsp05a Carried forward Net Book Value 7.0 There ts Th) depreciatlon urelr ¢hurch buthylngs as the im1rmenI review at the end of year ju¢*ed the market value to be greaterthan book value.
St Andrew's Psalter Lane Church Notes to ihe Flnandal statenTrts As at 31 August 1025 202S 2024 S Debtirfs & Prepayn*rts Accrued Incr)me IGfft Ald debtor) 20.589 17,38S 6 Cred5tors & kcruals Trade and other cred+tows Due to Exlemal Or8anisations Total 4.IOL io 4,111 7 Reslrltted Funds Closln8 Receyts Transkn paents Balance Internal Funds Lay Worker Fund Solar Panels Fund Splre Repair Fund Eco Projects Fund MUSKIAV Equipment Fund Church Aepair Fund Totsi 3S.197 13.028 1859 29.388 473 33,338 15,6TrJ 31.%0 473 12.813 81 12.813 81 4&967 48.225 31,720 65.472 Inteinal OryanlsatloTrs Tuesday Cafe Fund 260 160 Total ReNcEed Funth 49227 q225 31.720 65,732 8 Desknaitd Funds Trarsl•r Tran%l•r to General Gethéral Fwd Payments ClosSn8 B•l•n¢e Balance Ministry and Mtssion Fund Totsl 21,696 21.696 21,696 21,696 Pale 8
St Andrew's Psalter Lane Church Note5 to the Ananclal statements As at 31 Au8llSt 2025 9 Rel*ed Party Dlscloswes The Church is part of The Sheffield Methodlsl fjrcuit. whith Is part of Th Sheffield Methodlst Dlstrict and 15 also accountableto The Methodist Conference. None of theTrusteo made a gift of land or substantial other asset to the Church (luri1 tIK yearorseek to inl&Jence the Trustees. Page 9
St Andrew's Psalter Lane Church Year ended 31 August 2025 Reserves Poll¢y As part of our reserves polic¥. the ECC lew5 our reserns position at least annually. Our alm is to malntain urrntrKted reseThos at a sufficnt level to enSulIn•ndal resllience and sustainabltY. includin8 prOtert1 a8•in5t key risks. Tl* mosl si8nificanl corttinue to be the cost of repairs to our propertles,. a Urt{on inthe level of re8ularglvfjn8from the communtty and In(asIng utility costs. Our aim ts also to achleve arb approwiatt balance between firtandal resillence and steppkng out in taith to use ourfunds kn support of the missltsn of the thurdL We have carefulfy considered our present financial positi¢)n and fvture ObligatKW. Where p0$51ble we a trylrgto reduce ewen5es and increase incorne. We continve to appeal to our mernbets aThJ frndS to COThSKler increasiThJ their planned givin& In addition we are aimin8to in¢rea5e income from our lettings and make saviw and elficiencies in our expensès. We bellevethat we shojld look o¥w a fvll year perlod, Iwjt that a5 a mlnimurn we should seek to have sufficient reseryes for the next SLK months. Our unrestrKted re5er¥es are suffKientto nd Ouf trwdgeted slx months expendlture of £94,5CKI. Page 10