Charlty number.. 1138630
THE PAROCHIAL CHURCH COUNCIL
OF THE ECCLESIASTICAL PARISH OF
ST STEPHEN'S CHURCH, SOUTH LAMBETH
known as ST STEPHEN'S CHURCH, SOUTH LAMBETH
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2026

ST STEPHEN'S CHURCH, SOUTH LAMBETH
CONTENTS
Page
R￿erenc0 and Admlnlstratlve Details of the Charltyj It8 Tru8teos and Advl8ers
Tru8tee8' Report
Indopendent ExamIn6￿S Report
Statement of Flnanclal Aetlvltl•s
Balanco Shagt
NotB8 to the Financial Statements
9-2

ST STEPHEN'S CHURCH. SOUTH LAMBETH
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2026
Trustees
Rev Canon Stephen Coulson, (Priest) Irasigned 30 November 2025)
Rosalie Grant, (Church Warden)
Penny Elvin , (Church Warden until 25 May 20251
George Jarnes Wilson, (Elected PCC member) lappolnted ChLtrGh Warden 25 May
2025)
Nusi Amade-Jaii, (Deanery Synod Repl
Rosalind Halllfax, (Elected PCC memberrrreasurerlEle¢toTal Roll Officer)
Eric Mamah-Djiman, IElected PCC memtJer}
Vanessa Reid, (Elected PCC member)
Emilia Quansah, (Elected PCC memL)erlPCC Secretary) (appointed 25 May 20251
Yelund& Esan, (Coopted PCC member) lappoinled 12 July 2025)
Chaylty reglstsred
numbgr
1138630
R8glstored offlco
19A Richborn8 Terrace
London
SW8 IAS
Independent Examlner
TWP Accounting LLP
Chartered Accountants and Statutory Auditor8
The Ord Rectory
Church Stro6t
Weybridge
Surr8y
Kf13 8DE
Page 1

ST STEPHEN'S CHURCH, SOUTH LAMBETH
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The PCC members present their annual report logether with the financial statements of th& Sl Stephen's
Church, Soulh Lambelh for the year 1 January 2025 to 31 December 2025. The Annual Report serves the
purposes of a PCC members report. The PCC members confirm that the Annual Report and financial
stat8ments of the charitable PCC compty with the current slalutory requiremonts, the requirements of the
charitable governing document and the provisions of the Slalemenl of Recommended Practi￿ ISORPI
applicable lo charities preparing Ihoir accounts in accordan￿ with the Financial Reporting Standard appl¢cable
in the UK and Republic of Ireland IFRS102) leffectwe 1 January 20191.
The PCC Standing Committee comprised th6 Incumbent {Rev Stephen Coulson), Church Wardens {Rosalie
Grant and Penny Elvinl and Treasurer (Rosalind Hallifaxl. In May 2025 Penny Elvin was replaced a8 Church
Warden by George Wilson.
Penny Elvin 8tepped down as church warden bec8use of terminal illness and passed away in July 2025. Her
years of dedication to St Stephen's and all she did in her Tole as church warden, particularly in relation to
building management and gener81 administration, and her care for others are very much missed.
St stephen's had 29 people on the Electoral Roll as at 30th April 2D25, up from 28 at the end of April 2024.
Objectlves and actlvltlès
a. Poll¢les and obJ•ctlvo8
st stephen's Church South Lambelh PCC was responsible for supporting the Priest In Charge, Rev Canon
Stephen Coulson. in promoting the parish and the mlssion of St Stephen's Church to Welcome all, Love Jesus,
and Make Him known. Rev Coulson was also vicar of our neighbouring parish church. St Mark's Kenninglon. He
retired on 30 Novwnber 2025.
The PCC is also responsible for mainl8ining the Sl Stsphen's church building at St Stephen's Terrace. SW8
1DH.
In setting objectives and planning for activities, the PCC member8 have given due considerallon to genaral
guidance published by the Charity Commis8ion rèlating to public benefll, Induding Ihe gvidance 'Publi¢ benefit
running charity (P82)'.
The PCG is committed to welcoming and enabling as many people as possible to WOTship as part of our church
famity, and to be active members of the St Stephen's church family. Th& PCC supported the priest in charge
creating church services that involve as many groups as possiblts across our chuTch famlly. We also support
midweek small group, and regular prayer meetings and other events joinlty with St Mark's Kenninglon.
b. Strat8gles for achlavlng oblectlv88
Our regular Mothers Union meeting on Thursday evenings continues and is well supported.
W8 ￿s0 have activities reaching out to the community including a monthly ¢off8e m¢ming on Saturdays and
table tennis on Tuesdays. At Christmas we go carol singing aiound the parish. We use Ic￿1 WhalsApp groups
and nettvtsrks lo invite people into our activities.
Roger Reid continues as joint Youth Pastor lo St Stephn's and St Mark's. ￿th employment costs being shared
equally but now also supported by the Diocese of Southwark 3$ part of ils Flourish prc¥ecl bringing together
schools, churches and families of pupils.
Page 2

ST STEPHEN'S CHURCH, SOUTH LAMBETH
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2025
Oblectlv8s and actlvltles Icontinuedl
c. ActlvStl68 undertakèn to ach16vè obloctives
The priest in charge (until his r6tirem6nll, the curate of St Mark's (Aèx Mulyaba) and PCC plan activities
throughout the year that wlll support Sl Stephen's Church mission slalemenl of Welcoming all, Loving Jesus,
and Making Him known. We aim to enab￿ people to develop and live out their faith in Jesus ChTlSt as their
Saviour and Lord in their day-towday lives through being ab16 to worship together and learn about God's plan for
Christian living through the preaching of the Bible as God's authentic Word.
We also support practical Christian pastoral care through our thurch activities, supparting and providing oflice
space for Spinnaker Trust in their work with local schools, silPPOrting a wide range of UK and overseas
missionary activities, and enabling other church communitie8 and charities with a Christian ethos Io Tent our
buildings for their own worshlp services and other adivilies. In addition, we reach out to our local Eommunity
with space for meetings and joint 8Ctivtties.
d. Maln actlvltles undertaken to furthor the charfty's purposos for tho publlc beneflt
The main activity is the holding of regular church 8eTvlces (including Sunday School) and prayer meeting8.
Achlovemonts and pgrformanco
Maln achievements of the charlty
We conlinL¢e lo hold regular seNices and provide pastoral care to church members, as well as organlzing
events which build us as a community and reach out into the wider community.
Flnanclal rèvl•w
& 2025 R•vl•w
Direct givlng has beet) variable w(th various changes In the congregation and colloclions at sewices are low. We
are more than @ver raliant on ranlal incoma from churches using our building and from music rehearsals. We
have. however, benefited from a reduction in our utility bills when our contracts wara renwied in Mard) 2025
with new providers. We dTew down £1 S,000 from our investment funds earfy in the year lo cover the c05t of
maintenance work for the roof and windows and this was spent during the year,. a further £20,OOJ has been
drawn down against the anlicipaled costs of repla¢ing our main hall lighting and link&LI electriuty board. This
amount has been d&signated within unrestricted funds and allocated to the major repairs reserve, increasing
the balance from £12,000 10 £32,tKIO at the year end. The electrical works are still und@r discussion and will
Tequirè a faculty frtsm the Diocese.
b. Golng concèrn
Aftor making appropriate enquiries, the PCC members have a reasonable expectation that tha Gharity has
adequate resources to ¢ontinue in operational existencg for the foreseeable future. For this reason, they
continue lo use the going concern basis in preparing the financial slalements. Further details regarding the
adopt￿￿ of the going concern basis can be found in the accounting policies.
c. ReseN•s pollcy
Our alm is to have sufficient reserves lo cover our anticipated needs over the year. with some dlowance for
emergency works. The categories and amounts kept in reserve are shown in our annual accounts, and are
regL¢larty reviewed by the Treasurer on beha5f of the PCC.
Page 3

ST STEPHEN'S CHURCH, SOUTH LAMBETH
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2025
d. Investment pollcy
We are receiving professional investment advice for the monies received from the 8ale of land, and have an
investment committee to oversee the management of these funds.
8. Rlsk o$ses$ment
The PCC regularly Monit￿ financi81 and personnel aspects of Church life that reqL¢ire risk cover, and 8nsure that
apprq)rial8 insurance is in plac&.
Structurey governance and managomgnt
a. Constltutlon
si stephon's Church, South Lambeth is reglslered as a charity under the Parochial Church Council Powers
Measure119561 as amended and Church Repr&8entalion Rules.
b. M•thod8 of appolntmont or oloctlon of Trustee8
The management of the charity is th@ r8SPDnsibility of the PCC members and Church W8rden8 who 8r6 alecled
and eo-DPted under the terms of the Church Representation Rules and Church Wardens, Measure of the
Church of England.
e. Statemant of PCC m8mbor'8 responslbllitle8
The PCC members are responsible for preparing the PCC members Report 8nd the financial statement .in
accordance with applicable law and United Kingdom A￿OuntIng Standard8 {United Klngdom General
Accepted Accounting PractKe}.
Charities SORP requires the PCC members lo prepare financial statement8 for each financlal year. Under
Charities SORP. the PCC members must not approve the financial statements unless they are satisfied that
they give a true and fair view of the stsle of affairs of the charity and of its incoming'rèsources and application of
resources, including its income and expenditure, for that period. In Preparing these financial $18tements, the
PCC members are required to..
setect sui18bl8 accounting policies and then apply them consistently.
observe the methods and principles of the Charhe5 SORP IFRS 1021.
make judgm8nls and accounting eslimales that are reasonable and prudent.
slate wh8ther appllcable UK Accounting Standards IFRS 1021 have been followed. subject to any
material departure8 disclosed and explained in the financial slalemenls.
prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the
charity will continue in business.
The PCC members are responsible for keeping. ad8qU818 accounting records Ihal are sufficient to 8hDW and
explain the tharitys IransaGIK)ns and disclosè with reasonable accuracy 81 any time the financial position of the
charity and 8nable them to ensure that the financial statements comply with the Charitles SORP. They are also
responsible for safeguarding the assets of the charity and hence for laking reasonable stsps for the prevention
and detection of fraud and other irregularities.
Approved by order of the members of the board of PCC on
and signed on th8ir behalf by..
Page 4

ST STEPHEN'S CHURCH, SOUTH LAMBETH
TRUSTEES, REPORT {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2025
Rosallnd Halllfax
Trustee and Treasurer
Page 5

ST STEPHEN'S CHURCH, SOUTH LAMBETH
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2026
Indgpgndent Examln•rfs Report to th• Tru8tfro¥ of St Stoph•n'¥ Chur¢h. South Ctho
charlty'l
I report lo the charity Trustees on my examination of the 8ccounls of the charity for the year ended 31
Deeamber 2025.
R88ponslbllltles and Basls of Report
As the Trustees of the ¢harity you are responsible for the preparatlon of the accounts in accordance with the
requirements of the section 144 of the Ch8rttie8 Act 2011 (the Acll and that an independent examination is
needed..
I report in respect of my examination of the Charity's accounts carried out under section 145 of tho 201 l Act ond
in cariying out my examination I have fallowed the application DIr￿tionS given by the Charity Commission
under section 14515)Ibl of the 2011 Act.
Independent Exomlnarfs Statomont
I have completed my examination. I ￿nfirM that no matters have come lo my attention in connection with the
examination giving me cause lo believe..
accounting records wer8 not kept in r8specl of the charity as required by section 130 of the 2011 A¢l,' or
the accounts do not accord w¢lh those recor¢ls,' or
the ac¢ounls do not ￿MPlY with the a¢coLFnting requirements conc?rning the form and content of
accounts Sel out in the Charities (Accounts and reports) regulations 2008 other than any requir8menl that
the account8 give a 'lrue and fairf, view which is not a maller considered as part of an independent
gxaminalion.
I have no concerns and have come across no other mallors in connection with the examination to which
attention should be drawn in this report in order to enable a proper understsnding of the aw)unts to be
reached.
Thls report is made 801ely lo the charitV8 Trustees. as a body, in acctsrdan￿ wlth Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might slate lo the charitys
Truslees those m8ti@rs l am rÈquir8d lo slat8 to them in 8n Independent Examiner's Report and for no other
purpose. To th6 fullèst extent P6rmittad by law, I do not accept or assum& respon$lbi1Sty lo anyone other than
the charity and the charity's Trus188s as a borty, for my work or for this report.
Signed..
Paul Hawksley FCA, MAAT, CTA
TWP Accountlng LLP
Ch8rt8r6d Accountants and Slalutory Auditors
The Old Rectory
Church Street
Weybridge
Surrey
KT13 BDE
Dated.. I
Page 6

ST STEPHEN'S CHURCH, SOUTH LAMBETH
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2025
Re8trlcted Unrastri¢tod
funds
fund8
2025
2025
Total
funds
2025
Total
funds
2024
Note
Income from:
Voluntary income
Church aclivilias
Investments
2,332
27.054
22,182
62,866
29,386
22.182
62.865
34,904
38,480
61,181
Totsl incomo
2,332
112,101
114.433
134.565
Expenditure on.,
Missionary and charÈtable giving
Charitable activitie8
251
9,282
72,118
9,533
72,118
7.060
104,499
Total expondltur6
251
81,400
81,651
111,559
Net Income b•fore nèt k>85e8 on
Investments
Disposals
N8t movement in funds before other
récognlsèd gainsl(10s8es}
2,081
30,701
116,972)
32,782
(16.9721
23,006
{15,670}
2,081
13,729
16,810
7.33S
Other Yecognlstrd galnslllosse5):
Losses on revaluation of fix6d assets
{2,681)
12,684}
(8.2521
Ngt movement In funds
2.081
11,048
13,129
(9161
Reconclllatlon of funds:
Totsl funds brought fomar
Nel movement In funds
3,266
2.081
469,212
11,048
462.478
13,129
463,394
{9161
Total funds carrltsd fomioyd
6.347
470,260
475,607
462,478
The Statement of Financial A¢livilies indudes all gains and108ses iecognised in the year.
The notes on pages 9 to 26 form part of these financial statements.
Page 7

ST STEPHEN'S CHURCH, SOUTH LAMBETH
REGISTERED NUMBER..
BALANCE SHEEr
AS AT 31 DECEMBER 2025
2026
2024
Nots
Flxed assets
Tangible assets
Investments
12
13
1,890
421,938
3,758
421,974
423,828
425,732
CLFrrent assets
Debtors
14
15
5,527
12,846
36,250
13,060
8,412
18,377
Investments
Cash al bahk and in hand
54,623
39,849
Cr8ditors.' amounts falling due within on8
year
12,8441
3,103>
Not curront a$Bat•
51,779
36,746
Total not assets
475,607
462,478
Charlty fund8
R8slricl@d funds
Unrestrlcted funds
18
18
6,347
470,260
3,266
459.212
Total funds
475,607
462.478
The financial statBmanls were approved and authorls8d for issue by the Trustees on
signed on their behalf by..
'and
Ros811g Grant
Chuich warden
Rosallnd HallSfax
Treasurer
The notes on pages 9 10 26 form part of these financial statement8.
Page 8

ST STEPHEN'S CHURCH. SOUTH LAMBETH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
General Informatlon
Sl Stephen's Church, South Lamb&th is a registered charity in England and wales. The address of the
registeTed ofice is given in the charity information on page 1 of the8e financial statement.
Accounting pollcles
2.1 Ba818 of preparatlon of flnanclal 8tatèmènts
The financial statements have been Prepared accoréance wtth the Church Accounting
Regulations together wilh the Charrf(ies SORP IFRS 102).
The financi81 slalements h8v8 b&8n prapared on an accruals basis and undeT the hlsloric cost
convention, ex￿pt for the valuation of investment assets which are shown at market value. The
financial slalements include all transactions. assets and liabilities for which the PCC is legally
responsible in law. They do not include the accounts of church groups that owe their main affiliation
to another body, nor thlise that are informal gatherings of church memb&rs.
2.2 Income
Incoming re80uYoe$
Planned giving, collections and donallons art recognized when received.
Gift aid claimable on income is recogized at the same lime as the associated incoming resource.
Grants and legacies are recognized when the PCC 18 nottfi8d of ¢ts entitlement and the amount due.
Income In re8PeCt of hall hir8 or other fees is wognized in the period in whlch the event w￿r8.
Investm8nt income 18 recognized when gntillement to such Income arise8.
l incoming resources are accounted for gross.
2.3 Funds
UnrestTiel8d funds represènt funds that are not subject to any restrictions rggarding their use and
ara available foT any PLErpose. These include the general fund and al80 funds designated for 8
particular purp08e by the PCC.
Restricted funds represent funds where money is given for a spe¢tflc purFose8 and the fund can
only be used for those reslricled objects
14 Expenditure
Grants and donation are accounted foT when pald, or when awaTded if that award creates a binding
or constructive obliuation on the PCC. The diocesan p8r¢sh share is 8ccounted for when du8.
All other oxpendilure is generalty accounted for when it Is incurred and is accounted for gross.
Exp&nditur8 on raising funds includes all expenditure Incurred by the charity to Talse funds for its
charitable purposes and includes costs of all fundraising actwilies events and non-charilable trading.
Exp•nditura on chgritabla activities is incurrecl on directly undertaking the activities which further the
char¢l¥s obj8CtiV8s, as well as any associated support Costs.
All expenditure Is incluslve of irrecoverable VAT.
Page 9

ST STEPHEN'S CHURCH, SOUTH LAMBEfH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Accountlng polScies Icontlnuèdl
2.5 Tanglble Ilxed assets and dèpreciatlon
Consecrated and bentsficed propety18 excluded from the accounts by $1012llal tsf the Chariti&s Act
2011. No value is placed on moveable church furnishings held by the churchward8ns on special
trust for the PCC and whlch reqLEire a faculty for disposal since the PCC considers these to be
inalienable property. All expenditure incurred during the year on consecrated or kneliced property
and moveab18 church furnishings, whether maintenance OT Improvement, is written off as incurred.
Equipment used wthin the church premises is depreciated on a straight line basis over four years.
Individual items of equipment with a PLTrrehase wice of £1,000 or less are generally wrillen off in the
period in whlch the asset is acquired.
Depreciation 18 charged so as lo allocate the cost of tangible fixed as8els less their residu81 value
over thelr estimated useful lives, using the 8lraight-line melh(xl.
Depreclation is provided on th8 following bas&s'.
Oflice equipment
Premises 8quipment
4 years straight lin6
4 yèars straight line
2.6 Invèstmènts
Invèstments are valued al fair value with any revaluation gains OT losses going through the
Statement of Financial Acliv¢lies.
2.7 Gash at bank and In hand
Cash at bank and in hand includes cash and short-term highty liquid Investments with a short
maturlty of three months or 18ss from the date of acqui811ion or opening of the dep)sil or similar
account.
2.8 Debtors
Trade and Dther debtors are rewgnised al the sottlemenl amount after any trade discount offered.
Prepayments are valued al the amount prepaid nèt of any trade discounts due.
2.9 Llabllltles and pYovl$ions
Liabilbties are reeognlsed when there is an oblig8liDn at the Balance Sheet dale as a result of a past
event, it is probable that a transfer of economic benefit wll be required in selllement, and the
amount of the selllemenl can be estimat8d r81iably.
Liabilities are re¢ognised at the amount that the charity anliclpates it wll pay to settle th8 debt or the
amount it has received as advancèd payThents for the goods or services It must providè.
Page10

STSTEPHEN'S CHURCH, SOUTH LAMBETH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Voluntary Income
Restricted Unrestricted
funds
funds
2025
2025
Total
funds
2025
Voluntary Income
Donationslgift aid)
DDn81ions (non grft aid)
Othèv Incom6
330
2,150
330
2,150
Open offering (gift aid)
Open offering (non gift aldl
Pl8nn6d giving (gift aid)
Planned giving (non gift aid)
Gift aid lax recoverable
Slmllar Incomlng resources
YoLrth group outing8
Church outings
Collection for refugee children
MSG glving
2,522
96
11,366
6,461
3,374
2,522
96
11,366
6,461
3,374
300
300
755
756
732
1,300
732
1,300
Total 2025
2,332
27,054
29,386
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Voluntary Incom
Donation8 (gift aid)
Donations (non gift aldl
other Income
10
11
10
11
Open offerlng Igrft aldl
Open offering (non gift aid)
Planned givlng (gift aid)
Planned giving (non gift aid)
Gift aid tsx recoverable
Slmllar Incomlng resourc09
Youth group outings
Church outings
Collection for refugee children
MSG glving
5,178
5,178
96
13,320
8,596
5,393
13,320
8,5
6,393
300
300
1,125
232
1,125
117
115
643
Total 2024
1,058
33,846
34,904
Pago11

ST STEPHEN'S CHURCH. SOUTH LAMBETH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Church activitieg
Unr6strlcted
funds
2026
Total
fund$
2026
Churchlottings
Fees and sundry income
21,965
217
21,965
217
Total 2025
22,182
22,182
Unrestricted
funds
2024
Total
funds
2024
Church lettings
Fees and 8undry income
38,318
162
38,318
162
TDt812024
38,480
38,480
Investment In¢ome
Unrostrlcted
funds
2025
Totsl
funds
2026
Income from portrolio inclxne receivable
Bank interest receNablè
62.578
287
62,578
287
Total 2025
62,885
62.865
Unrestricted
funds
2024
Totsl
funds
2024
Investment portfolio income r8ceivable
Bank interest receivable
60,882
319
60.8
319
Total 2024
61,181
61,181
Page 12

ST STEPHEN'S CHURCH, SOUTH LAMBETH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Mlsslonary ahd charltable glvlng
Re8tYlcted Unre8trlcted
funds
funds
2025
2025
Total
funds
2025
Miss￿n Dlrecl
Lambelh Street Pastr)rs
Spinnaker Trust
Robes Project
Dr Glenn Mites
Relite Africa
Adetokunbo Salaml
Global Inspiration Foundation (Nigeria)
SRCC (Ugandal
Sl Stephen's Childrens Centre
Mothers Union
Royal Trinity Htsspice
Women Arise Ministries
Wycliffe UK
478
soo
476
500
1,000
313
1,100
1,100
1,300
1,100
1,400
423
56
126
1,000
313
1.100
4,100
1.300
1.1fy)
1,400
423
126
251
251
388
Total 2025
251
9,282
9.533
Page 13

STSTEPHEN'S CHURCH. SOUTH LAM8ETH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
MIB$lonary 8nd ¢h4Ylt4ble ulvlng {¢ontlnu¢dl
(continued)
Unrestrictad
funds
2024
Tutal
funds
2024
Misslon Direct
Lambeth Street Pastors
Spinnaker Trust
Robes Project
Dr Glenn Miles
Relile Africa
Ad￿Qkun￿￿I Salami
Global Inspir81ion Foundation (Nlgeria)
SRCC {Uganda)
Sl Stephen'8 Childrens Centre
400
400
500
800
300
1,000
1,000
700
1.000
1,000
360
500
Boo
300
1,000
I,ooo
700
1,000
1,000
360
Total 2024
7.060
7,060
Analy$i8 of expondlturo on ¢harltabl8 actlvlti
Summary by fund typ
Unrgstrlcted
funds
2025
Total
2025
Diocese and church
Staff costs
People and groups
Management and administration
GoveTnanc8 costs
43,951
16,818
2,126
6,711
2,512
43,951
16.818
2.126
6,711
2,512
Total 2026
72,118
72,118
Page 14

ST 8TEPHEN'S CHURCH, SOUTH LAM8ETH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2026
Analy$lg of expendlturg on charltablo a¢tlvltlgs Icontlnuedl
Summary by fund type {continuedl
Reslricled UnreslTl¢ted
funds
funds
2024
2024
Total
2024
Diocese and church
Staff costs
People and group8
Management and adminlstration
Governance costs
872
72,163
2D,740
1,39e
7,318
2,010
73,035
20,740
1,396
7,318
2,010
Total 2024
872
103,627
11)4,499
Summary by èxpendlture typ&
Othèr costs
2025
Total
2025
Ditxese and church
Stsff co8t8
People and gr¢ups
Management and administration
Govemance costs
43,951
16,818
2,126
6.711
2,512
43,951
16,818
2,126
6,711
2,512
Total 2025
72,118
72,118
Other costs
2024
Totsl
2024
Diocese and church
staff costs
People and groups
Management and a¢Jministralion
GovernanGe costs
73,035
20.740
1,396
7,318
2,010
73,035
20,740
1.396
7,318
2,010
Total 2024
104,499
104,499
Page 15

ST STEPHEN'S CHURCH, SOUTH LAMBETH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Analy￿$ of •xpgnd5turo by a¢tlvltles
Activitles
undertakon
dlrectly
2025
Total
funds
2025
Diocese and church
Staff costs
People and groups
Managemonl and administration
Governance costs
43,951
16.818
2,126
6,711
2,512
43,951
16,818
2.126
6,711
2,512
Total 2025
72,118
72.118
Activities
undertaken
directly
2024
Total
fijnds
2024
Diocese and church
Staff costs
Peoplo and groups
Th￿anag￿8n1 gnd adminislralion
Governance eosls
73,035
20,740
1,396
7,318
2,010
73.035
20,740
1.3g6
7,318
2.010
Total 2024
104.499
104,499
Page 16

ST STEPHEN'S CHURCH, SOUTH LAMBETH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Analy81s of 8xp8ndltuie by activlt108 (continuodl
Anolysls of dlract¢o8ts
Dlo¢ese and
church
2025
Stoff ¢05ts
21125
P&opl8 and M8nag8ment and
group8
adrnlnlstratlon
2Q25
2025
Dlocese- p*￿Sh shwe
Church- mainlen8n
Church- f*Jel & water
Chwch- in8ur8n
Church- 84￿pment deweclallon
Youth events
Church outing
Tele4)hO￿ 8tTd Milemet
Postage. slalionory and wpbslle
Worshlp and 5ervlte related
Geneml expenses
Bank charge 8nd Interest
Investment management charge¥
CLganer
YoLth pastor
1?,500
18.865
7,289
3.429
1,868
444
312
1,S02
978
70
3.081
6.555
10,263
Tothi 2025
43,951
16,818
2.126
6.711
Gov•rnance
Costs
Total
funds
2025
2026
Dwese- pgrish sha
Church- maintenan
Churth- fuel & water
Church- inguran¢e
Churth- equlpmenl dewe£ialon
Youth events
Church ￿11￿5
Tdephon8 and inlemet
Postage, slaliony and website
Wor$hip 8nd setvica related
General expens0$
Bank tharye Int8rest
Invest￿nI managemeknl tharges
AccoLmllng and Independent examlnatlon
Cleaner
Youth pastor
12,SQO
18,865
7,289
3,429
1,868
444
1,6B2
312
1,502
788
978
70
3,081
2.512
6,855
10,263
2.512
TotEI 2025
2,512
72,q18
Page17

ST STEPHEN'S CHURCH, SOUTH LAMBETH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEM8ER 2025
Analy818 of expendltuie by a¢tlvltlg$ Icontlnu¢dl
Analysls of dlr8Ct costs {contlnuedl
Dl0ces8￿d
church
2024
M8wementand
dm1n1s￿0u0n
2024
Staf costs PelFAe4r￿ oroUP&
2024
2024
Dk)rÈs0- pbd*h thttrè
ChLYth-newboAers
t2,717
42,V28
¢hLvth-quiDwennial
ChLvth-thd & Wal
f3.726
3.329
I,ee3
CaLYth-Insurancv
Yoirth
23J
Chwch oull
1,128
35
EvanuelFsm
Tekphone ￿ In*em•l
Po&tsp. stoyontry
rshlpand YeNico r¢lut¢d
Gener￿ aKpeMe5
Bankthar9￿an¢ Inter&5t
IrnrestrneTrt manauementcharge*
CFether
1,30
1,S61
127
758
gB
6,t80
14,66Q
Youlh pastor
Yota12024
74026
2D,740
7,319
fun
2024
20Z4
Ok￿￿e-pa￿5h Bh5E
Chwth- bollers
12,717
42,82&
ChWL*-q￿q￿ennl￿ in8pqth
¢hwth-fuBI & water
Chwth. kn&urBr
13.72B
3.32
1.863
23?
1,128
36
Chtyth-¢w4¥wnl dopr0d￿0
Youth eWf*l$
Churth othi
T8￿P￿￿e4nd thterngl
Postsg?. st4th￿ryAnd wet4118
WoT$hlpand setvk4 14l&ted
t.305
127
Bankchargeand IntereBt
Irmstmenf man4g8ment¢harge$
End indBpBndeTrt eXwDknatton
99
3,064
2.Q115
6.18ts
14,660
2.010
Cla&nor
Youth pastor
TDtsI 2Q24
2.010
104,499
Paqe18

8T STEPHEN'S CHURCH, SOUTH LAMBETH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2026
Indgpendont oxamlnerf$ romungratlon
2025
2024
Fees payable to the ¢harity'$ independent examiner for the independent
examination of the Charity's annual accounts
2.110
2,010
io. staff costs
2025
2024
Wages and salaries
16.818
20,740
16.818
20,740
The average number of persons employed by the charity during the year was 8s follows:
2025
2024
Employees
The 8V8rag8 headcount expressed as equivalents was 0.75 (1 half time and I quarter timel.
2025
Ggneral
2024
General
Cleaner
Youth pastor
6,555
10,263
6,180
14.560
16,818
20,74fJ
No employee received remuneration amounting to MO￿ than £60.000 in either year.
Expenses are reimbursed lo ceTlain PCC member8 for reasonable co8t8 incuired on behlaf of the
Church.
11, Trustse8' romuneration and expense$
During the year, no Trustees recelved any remungr8tion or other b&nefits {2024 - £NIL}.
During the year ended 31 December 2025. no Trustee expenses have been incurred12024- £NIL).
Page 19

ST STEPHEN'S CHURCH, SOUTH LAMBETH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
12. Tahglble fixed assets
Office
Premi8es
equlpmont Equlpment
Total
Cost or valuatlon
Al 1 January 2025
Disposals
868
37,119
{4,854)
37,975
11,854)
At 31 December 202S
8S8
35,28S
36,121
Daprnelatlon
At 1 January 2025
Charge for the year
On disposals
853
33,364
1,867
(1.853)
34,217
1,887
11.8531
At 31 December 2025
853
33,378
34,231
Not book value
At 31 December 202S
1,887
1.890
At 31 December 2024
3.755
3.758
13. Fixed a85et Investments
Listed
Investments
C08t orvaluatlon
Al 1 January 2025
Net movements
421,974
{361
At 31 December 2025
421,938
N&t book valuè
At 31 DecembeT 2025
421,938
Al 31 December 2024
421,974
Page 20

ST STEPHEN'S CHURCH, SOUTH LAMBETH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
14. Dabtors
2025
2024
Due within on• yoar
Other debtors
Prepayments and accrued incomè
Glfl Aid recovorable
1,265
447
3,815
8,041
5,019
5.527
13.060
15. CuYr8nt a88et Inve$tm•nts
2026
2024
Cash and ca8h equivalents
12.846
8,412
18. Credltor8: Amounts falllng duo wlthln one year
2025
2024
Trade credltors
2,844
3,103
17. Analy$ls of net aosets botw88n funds
AnalyslB of net as80ts betwoen fund$ - Currènt yèar
Restrlcted Unrèstrlctèd
fund8
funds
2025
2026
Totsl
funds
2025
Tangdjle fixed a8sels
Fix8d asset investments
Currènt asset8
Creditors due within one year
1.890
421,938
4S.276
12,8441
1.890
421,938
54,623
(2,844)
5,347
Total
5.347
470,260
475.607
Page 21

ST STEPHEN'S CHURCH, SOUTH LAMBETH
NOTES TO THE FINANCIAL STATEMENTS
FOR THEYEAR ENDED 31 DECEMBER 2025
17. Analy818 of net assots b•twoèn funds {contlnu•dl
Analysis of net assets bètweèn fund8- prloryear
Re8tricled Unrestricted
funds
funds
2024
2024
To131
fund8
2024
Tangibl8 fixed assets
Fixed asset it)veslmenls
Current assets
Creditors dtse wilhln one year
3.758
421.974
36,583
13,1031
3.758
421,974
39,849
(3,103)
3,26e
Total
3,266
459,212
462,478
Page 22

ST STEPHEN'S CHURCH, SOUTH LAMBETH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
18.
statement of fund
statoment of funds- currgnt year
Balance at
31
Galnsl December
{Los$esl
2025
Balance at 1
January
2025
Transfors
Inlout
Income Expendlture
Unr￿trICted
fLtnds
Do$ign8t•d
funds
Provision for
major ièpairs
lal
Employee
reserve Ibl
Mission givsng
reserve Icl
12,01)0
20.000
32,OOQ
6,000
6.000
6,890
19,282)
2.392
24,890
19.282)
22,392
38,000
General funds
G&n8r81 Funds
all fund8
434,322
112.101
172.1181
{22.392)
119,653)
432,260
Total
Unrestrlcted
funds
459,212
112,101
(81,4001
119,6531
470,260
R98trictod
funds
Women's
pastoral work
(dl
Youth events
lel
Youth Work lfj
MSG Giving
261
(2511
300
2,715
300
732
1,300
600
3,447
1,300
3,288
2,332
{251}
5,347
Total of funds
462,478
114,433
{81,6511
119.6531
475.607
Page 23

ST STEPHEN'S CHURCH, SOUTH LAMBETH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2026
18. St¥temènt of funds Icontlnuadl
lal This is for major repairs and renewals that might be requirod, including repalrs lo the Church floor.
Ibl A reserve is maintained to enable the Church to be able to meet its employment Commitments.
Ic} An an7ount had been Sel aside to cover mission giving Ih8t was desired bul hadn't yel been 811(Kated
or paid.
Idl This is th8 balance of donations in premous years Iowords women's pastoral work and paid in 2025..
lel This is the balance of donations in the previous ye8r towards th8 cost of attending ChTlStlan youth
events.
lfj This is grants recelved toward8 youlhlchildren's works.
Statement of fund8 - prlor year
Balance 81
31
December
2024
Balance at
1 January
2024
Transfer8
inloul
G8insl
(Losses)
Income Expenditure
Unr8strlct•d
funds
Dgslgnatod
funds
Provision for
major repairs
lal
Employee
reseNe (bl
Mission glwng
reserve Icl
12,000
12.000
6,000
6.000
17,0601
13.950
6,890
18,000
(7,0601
13,950
24.890
G•noral funds
General funds
442,314
133,5Q7
1103.6271
113,9501
123,922)
434,322
Total
Unre8trlctod
funds
460,314
133.507
{110,687)
123,9221
459,212
Balance at
31
December
2024
Balance at
1 January
2024
Transfers
inlout
Gainsl
(Lossosl
Income Expendllure
Re8tTiCtad
funds
Women's
Pastoral work
Id)
251
251
Page 24

ST STEPHEN'S CHURCH, SOUTH LAPJiBETH
NOTES TO THE FINANCIAL STATEMENTS
FOR THEYEAR ENDED 31 DECEMBER 2025
18.
Statement of funds (contlnuttd)
Statement of funds - prior year lcontinuodl
BolanGe at
31
December
2024
Balance at
1 January
2024
Transfers
inloul
Gainsl
(Losses)
Income Expenditure
Youth events
Ic)
Sl Staphen'8
Children's
C2nlre le)
Youth work (él
MSG Givin
300
300
114
2.715
11141
11151
(843)
115
2,715
643
3.080
1.058
(8721
3.266
Total of funds
463,394
134,565
(111,559)
123,9221
462,478
la} This is for major repairs and renowals that mtghl be Tequirod, inGluding repairs lo the Church floor.
Ib) A reserve is maintained to enable the ChU￿h to be able lo meet its employment Commitments.
Icl An amount had beèn set aside lo cover mission giving that was desired bul hadn't yel been allocated
or paid.
Id) This is the balan￿ of donations in previous years towards women's pastoral Work.
le) This is grants received towards youlhlchildren's work.
lfj This is a grant received towards fuel bills.
Page 25

ST STEPHEN'S CHURCH, SOUTH LAMBETH
NOTES TO THE FINANCIAL STATEMENTS
FOR THEYEAR ENDED 31 DECEMBER 2025
19. Summary of funds
Summary of funds - current year
Balance at
31
Balance at 1
January
2025
Tran$f•rs
Inlout
Galnsl
(L088è8)
D8cambor
Income Expenditure
2025
Designated
funds
General funds
Restricted
funds
24.890
434,322
{9,2821
{72,1181
22,392
122.392)
38,000
432,260
112,101
{19.6531
3,266
2,332
12511
5.347
462,478
114,433
{81.651)
{19.653)
476,607
Summary of funds- prloryèar
Balance at
31
Gainsl December
(Losses)
2024
Bal8nc8 at
1 January
2024
Transfers
Inloul
In¢ome Expenditure
D8sign8led
funds
General funds
Restricted
funds
18.000
442,314
17,060}
(103,6271
13.950
{13,950)
24.890
434,322
133,507
{23,9221
3,080
1,058
1872)
3,266
463,394
134,565
(111,5591
123,9221
462,478
Page 26