.H. CHRISTIAN WORKERS, TRUST (A Charltablo Company Limited by Guarantee Trustees Report and Financial Ststements For the Year ended 31 December 2025 unaj1ted but Independenuy Examined) Company NLtmber 7657532 Charity Number 1142493
BA. CHRISTTAN WORKERSP TRUST Charity Nullbb¢r 1142493 Compgny Number 7657532 (A Chwritsblt Comp8Try Limited by Guaralltet) Report and Finan¢ial Statements for the Year Endod 31 Docvmbor 2025 Contents Pago: Officials and Statutory Infomwtt Report of the Trustees Statement of Trustees. Responsibilities Independent Examine¢s Report Stslement of Financial Activitses Balance Sheet Cash Flows Notes to the Accounts 10 DiroCtoTr l Trustso8: The Tnjstees who have acted throughout the year and to the date of this retK)rt ait- Appoinlod: Mr J. E. Puttock {Chaimpn & Company Secretary}. Mr D. E. Bawtree, Mrs J. K. Champ, Mr T. Cristin. Ex-officio: The Reverend Dr. N.J.C. Tucker Vicar, &shtw Hannington Church. Nomlnated Mr l. J. R. Crosthwaite Bishop Hannington Chtsrth. PCC Norninge. Treasurer. Mr l. J. R. Crosthwaite. Registered office: Bishop Hannington Church Office, Nevill Avenue. Flove, E Sussex. BN3 7NH. Company No: 7657532 Charity No: 1142493 Independent ExamiMr". K. Gomes FCIE, Independent Exanyners Lirrited, The Grain Store, Hills Bams, Appledram Lane South. Chichester, P020 7EG. Princlpal Bankern: CAF Bank Limited, 25 Kings Hill Avenue, Wesl Malling. Kent ME19 4TA.
B.H. CIIRiSTIAN WORKERS, TRUST Charlty Number 1142493 Company Number 7657532 (A Charital)k COMpaY Limited by Gu4r4ntee) Report of the Trustèes for the Year Ended 31 Dember 2025 The Trustees (who are also the Company directors) present their annual report together with th8 financial statements for the year ended 31 December 2025. Structurg, Gov•mance and Management The Company is a charitable company limited by guarantee registered in England & Wales. The Company is the successor body to the original charity founded in February 1988 and commenced its activitS on 1 January 2012. It is registered with the Charity Commi$$ion for England and Wales. The numtrr of Trustees shall be not less than three and not more than eight Trustees are appointed for a perh of fivè years and are e1ible for ppointrent. The current Truslees are due to retire as follows.. Don Bawir88 on 3 November 2026, Jane Champ on 31 May 2027. John Puttock on 31 May 2028, Trevor Cristin on 16 June 2029, and lan Crosthwatte on 15 September 2029. The Trustees shall consist of al a person nominated by the Parochial Church Council {'the PCC.) of Bishop Hannington Memorial Church, Hove, I"BH'I, (lan Crosthwaite), bl a Ferson nominated by the Churchwardens of BH, (the Churchwardens have chosen not to nomnate a person at this timel, cl the Vur, Priest in charge or the incumfrnt of any new benefice which indudes thè whole or part of the present benefice, {Nick Tucker), and d) personls) nominated by an existing member. Atl Trustees must be on the electoral roll of BH and subscribe to the staterfnt of Fath in the schedule of the Memorandum and Articles OfAss1ab'0n. The Company is limited by guarantee and hence no shares have been issued. Each Trustee is also a member of the Company and there are no other members. In the event of the Company being wound up or otherwise dissow, the liability of the Ernbers by way of 9uaranlee Is limited under Clauses 6 and 7 of the Memorandum of Association to an amount not exceeding £1 each. The ChaimBn and the Treasurer handle the day-to-day administration of the Company. The Trustees met three times during the year to review the Compariy's aCtIv"e5, financial stslements and issues relating to the employee. Management Accounts are circulated to the Trustees monthly and other reports are circulated to the Trustees as necessary between meetings. Objects and PrKn¢ipal Actlvltles lor thg Publlc Ben•fft The objects of the Company, which are set out in the Articles of Association. are the athancement of the Christtan foith whh is achieved by the raising of funds for the employment of Christian wotkers primarily within the Parish of BH. A small number of the gifts to the Company are provided by the members of BH but most of its IrQme now arises from tts properb"es. An agreed proportion of this income ¢s transferred to BH specthcally to assist with the funding of its employment costs under a Memorandum of Understanding entered into btheen the Company and the PCC in October 2022 lthe"MoU°). The Company r)wn5 the following the properties outright 40 Meadway Crescent is let at below market rent and subject to certain special terms as agreed at the time of transfer to the Company but nevertheless provides a very welcome source of income. 86 Elm Drive is used for the advanment of the Christian Rel40n by pmviding pTrmises for B(KJks AINe, a Christian Bookshop. and 47 Nevill Avenue va5 temporanly let commercialty untsl 16 July pendin9 the arrival of a new ordained minislei who, with his family. has crcupied ihis propety under lince since 8 August. This year the Company purchased another residentwl propety {97, Poplar Avenue) on LEhalf of Hoty Cross church, to provide housing for one of its ministers and his family. The Ttustees have referred to the Charity Commission's genernl guidance on public benefft when reviewing the Company's aims and objectives and in planning its future activ$ts. The charitable activities during the year have been similar to those in prior years and primarily rekte to the 8s5islance provided to the staff of BH and ts sister churches in supporting the ministry. administration and other 5UPPOrt services. That conbnued for the sole remaining employee, but the Company will still raise funds to assist funding of the Cf)ntinuing employment of the staff employed by the PCC. The activities of BH and its Parish. as part of the Church of England, arE available to all those of whatever background vtho wish to attend and participate in its services and ath"vities.
B.H. CHRiSTIAN WORKERS, TRUST Charity Number 1142493 Company Number 7657532 (A Chari¢3ble Compa•y Litllite41 by Gu8raDtee) Rgport of tho Tntste08 for the Year Ended 31 Decomber 2025 Icontin4wl) Achlevements and Perforn)ance for the Public Benefft Policy on Resgrve5 and Powors of Investment Although the Memorandum and ArtleS of Association gwe the Trustees unrestricted powers of investment. no such investments aFe currenty held. As already irKlicated above, the Trustees havè exercised their powers to own propwty, both to house Chri8tian workeTS and to proVe inccrfne to the Company. Financial Rev10W As advised previousty, the Company's activities Changed quite dramaticalty effective from 1st October 2022, when all bul one of its staff were 'TUPE'd' across to BH tt) become directy employed ty the PCC. The Company's regular donors were asked to switch their giving to the new PCC account especialty opened to ¢xllect the InMe dedicated for the ernployment costs. TVK) donors conts.nued to pay their donations to the Company and those donations plus asSated gbft aid were tranSferd to the PCC at the end of each month. ExceptionalPy, this year the Company received a grant of £658,621 from a substantsal legacy held by Holy Cross Church. In line with the terms of the original bequest to Hoty Cross. that grant was used for the purchase of a residents'al property to be held and operated for the benefit of Holy Cross. Hoty Cross has entered into a tenancy agreement with the Company to house one of tts ministers and family under lin. The stathng rent was £1.850 per month effectiv8 from 16 Juty. which In¢aseS by 2.5%pa each January. The Company retains £200 per month to fund the annual maintenance and insurance costs and retums the surplu$ rent to Holy Cross. Hoty Cross has also funded a contingency reserve held by the Company of £10,(NJO for any major repairs. These assets are all held as stricted assets. The annual rental income from the three other properties totalled £49.380 (2024 £36,157). The rent paid by Books Alive is set at £15,OOOpa for another fiv&year term from January 2025. Also, the rent payable on 40 Meadway continued at £1,19Opm. 47 Nevill Avenue was let on commeraal terms until 16 July at £1,850pm gross. From 8 August this proparty has been let to the PCC of BH at the same rrK)nthty nt with an escalation of 2.5%pa exh January. The Company's total income during 2025 was £779.206 1£87.079 in 20241. If we remove £676,564 of rest[ed funds which were reNed in relation to the new propety. then the comparative income figure would be £102,642, which is £15,563 up on lasl year. This t5 primarity due lo the improved rental income on the unrestricted properties of £13,223. Gift4id enabled the Company to re¢laim £1,044 (£1,369 in 2024). This is valuable income but less significant now as much less eligible inojme is rewved by the Company. Total expenditure was £125,909 {£89.001 in 20241 but this includ8s £25.504 of expenses and transfers in relat lo the new propety. The comparative expenses figurè woijtd be £100,405 which is £11.404 higher than last year primarily due to the increased payments to the PCC and extra works to 47 Nevill Avenue for the successful instsllath)n ofthe new A55cciate VKar. The Company made an unrestricted surplus of £2,237 (£1,922 deficit in 2024>. The unrestrid&l net current assets 8t the year*nd stand at £26,486 {£24,250 in 2024). The Twstees are fDrecasting a break-even situation going forward because the one remaining employee. vtho retired at the end of March. was fulty funded by Goldstone church and the Company is in receipt of unrestricted rental incx)me of £4,336 per nw)nth currently. k Managgrnent The following have been idenlrfied by the Trustees as Potenti risks to the Company: The reserves are insufficient to meet repair costs to the properttes owned by the Company. In the event of these circ#Jmstan¢es the Trustees would inib21ty temporarity cease to make grants to the PCC, followed by a review of the powbility of the PCC making an addrtional grant to the Company, or finding other extemal ftjnding such as launching an appeal. A major fire, or other seriou5 damage. lo one of the proFerbes owned by the Company. The properties (Mined by the Company are fulty insured.
B.H. CHRISTIAN WORKEKS, TRUST ChArity Number 1142493 Company Number 7657532 (A Ch•ritable Company Limited by Gvarantet) R&port of the Tn forthe Year Ended 31 Dacernr 2025 Icontlnuedl R15k Managfrment {contlnu0d) L of compliance with HMRC, Charity Commission and compan House regulations. Legal advt¢e and our independent examiners ak)ng wrth apprcyHte seminws for Trustees seek to ensure 11 compliance. An employee (past or presenll laking the Company to a th"bunal in relation to a dispute. The Conyany seeks to follow good employment practices and to deal with any ISS in a wompt and appropriate manner. The TTUStees receive a monthty copy of the managenpnt accounts and a frjll financi81 ret4)rt at every eting. The Company's accounts and records are s¢rutsnis by Independent Examiner annually. Reserves Poky The Trustees have nsidered the level of reserves th woutd be prudent to maintain against potential loss of inccffie arKI consider that they shoukl be increased from the pre¥u$ level of £20.OLKI to £25.000 with et from 14t January 2026 to be provided trom the balan of the Unrestricted Fund, plus a further £1,250 each year Ipreviously £1,000) to cover addilional rTk4illtenance requirements to the propety at 47. Nevill Avenue every r years, next due in 2029. This is in addition to the £10,000 reserve in Rest[ted Funds speoftcally for 97 Poplar Avenue. Futw• Plans The Company will continue to support the salarEs of the staff now enyloyed by the PCC primarity from its rental inrA)me and any other incon* that is recewed by the Company. With effect from 25th IAarth 2026, our sde emptyee reb.red and the Company will not be employing any slaff for the foreseeable future. Conclu6k•n The Ttwstees would like to express their appreciation to all vtho have so generously supported the work of the Company by their prayers and 9ifts over many years, and to all the past employee& ts their unstinting work in furthering the Company's obj.ethe of advancing the Christian faith. This report has teen prepared in accordan ryth the provisiorts appbcable to companles subj'ect to the small companies, regime. By Order of tho Board J. E. Puttock Dlrector Date.. 2026
B.H. CHIUSTIAN WORKERS. TRUST Charity Number 1142493 Company Number 7657532 (A Cbarltsble Comp4ny Liwited by Gu&raDtee) Ststsmgnt of Trustees. Responsibli ities forthe Year Ended 31 Decemb8r 2025 The Trustees are responsible for preparing the annual rewrt and Ihe financial statements of the Company in accordance wrth the Companies Aci 2006 and for being satisfied that the financial stateffÈnts give a true and fair view. The Trustees are also responsible for preparing the financial statements in accordance with United Kj'ngdom Accounting Standards {Uniled Kingdom Generalty ACpted Acc>)untirKJ Prathce). Company law requires the Trustees (who are also Directors of the Company) to prepare financtal statsments for each ffinanctal year that give a true and fair view of the state ot affairs of the Company and of the income and expenditure of the Company for that year. In preparing Ihese financial ststements, the Trustees are required: To Selt suitable accounting Fdicies and Ihen appty them con$istenly, To make judgements and eth'males that are reasonable ond prudent, and To prepare the financial staterrents on a going concern basis, unless it is inappropriate to presuff that the Company will continue in business. The Trustees are reswnsible for keeping adequate accounting reGord5 that sh(yw and explain the Company's transactions. disclose wrth reasonable awracy at any tirne the financial position of the Company and enable them to ensure that the financial statements (x)mply with the Companie5 kt 2006. They are also responsible for safeguarding the assets of the Company arKI hgncg fDr tang rgasonablg steps ft)r the prevenlion and deleth'on of fraud and other irregularities. SIGNED........................... . {Director+Trustee) JOHN PuOcK SIGNED............ . (TreasurerUSteel IAN CROSTHWAITE (J.
B.H. CHRISTIAN WORKERS, TRUST Charity Number 1142493 Conjpany Number 7657532 (A Charitable Company Limited by Guarantee) Irbd8pendent Examin¢8 Report to the Members rf B.H. Chrlstian Workers. Trust I report on the a¢xounts of Ihe Trust for the year ended 31 Oe¢ember 2025 Respeclive responsibilities Of Trustees and Examlner The Charity's Trustees {who are also Director5 of the Company for the purposes of Company Law) are responsible for the preparation of the accounts. The Charity's Trustees consider that an audit is not required for this year under SeCtn 144 12) of the CtrtaritS Act 2011, {'the 2011 ACV) and that an independent examination is needed. Having satisfied myself that the Charity is not subject to audit Ljnder Company Law and is eligible for independent examinatton, 1$ my responsibilty." to ene the accounts under section 145 of the 2011 Act. to follow the procedures laid down in the General DIrtionS given by the Charity CommissioTEts (under secbon 145{5){b) of the 2011 Act),. and to state whether particular matters have come to my attention. My rewjrt is made Sole to you as Trustees pursuant to the 2011 Ac£ My examinatron has been undertaken so that I might stste to the Trustees those matters l am required lo state in this report and for no other purpose. To the fvllest extent perynitted by law, I do not accept or assume responsibility to anyone other than the Trustees for my examination. for my POrt. or for the statement I have made. Basis of Ind9ndent Examinerfs Report My examinalion was carried out in aOrdan with General Directions gNen by the Charity Commission. An examination includes a review of the accountin9 records kept by the Charity and a comparison of the accounts wesented with those records. It also inCdeS ¢onsiderat"40n of any unusual items or disclosures in the aeeounts and seeking explanations from the Trustees conceming any such rnatters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do nol express an a31t opinion on the view given by the accounts. Independent Examlnetrs Statement In connection with my examination, no matter has come to my attention: which gives me reasonable cause to believe that, in any materia5 respect the requIre*nts.. to keep accounting recoryls in accordance wrth sections 386 of the Companie5 Act 20C6,' and to prepare accounts which accord with the accounting records and cempty with the accounting requiiements of section 396 of the Companies Act 2006 and with the methods and principles of the Slatement of Recommended Pracli¢e,' Accounts"ng and Reporting by Charits. have not been met,. or (11 la) (b) {21 to which. in my opinion. attention should be drawn in order to enable a proFer understanding of the accounts to be reached. KGomes FCIE, Independent Examiners Limited, The Grain Store, Hills Bams, Appledram Lane Sryjth. Chichester. P020 7EG 8.7.26 .2026
B.H. CHRISTIAN WORKERS, TRUST Charity Number 1142493 Company Number 7657532 (A Charttable CoEllPany Limiled by Guarantee) ststeTrt of Financial Aclhltios for the Year Ended 31 Decemb•r 2025 Note Unrestricted Restricted Endowment Funds Funds Funds Total 2026 Total 2024 Incomo & Endowments Donations and lega¢ie5 Rental income Interest income Funding for 97 Poplar Total Intome & Endowments 5,580 49,380 812 46,870 11,11lJ 52AS0 60A80 1.276 665.000 49,909 36,157 1.013 665,000 55,772 723,434 T19,206 87,079 endtture on Charltsble AGtlvilies staff Costs Propety expense5 Tfrs lo PCC CW Fund Tfrs to Hoty Cross Tining1SUndry expen$6S Total Expenditure 46.870 7,621 46070 15,934 705 16.743 1.657 42.704 7,677 37.2 8,313 44,705 16,743 1.140 517 1.258 89.001 Net Ineomenoss before other rec nls8d ains and k)ssO8 2.237 651,060 653,297 {1,922} GainslLosso6 on Revaluatlon of Fixed A8sets {140,OCrf]) Net Movement in Funds 853,297 141.922 Funds brought fOard 24,250 1,325,000 1,349,250 1,491,172 Total Funds Carrled Forward 651,(AO 1.325.000 2.002.847 1.349.250 All amounts relate to contwiuing activit*s. Any differeThx of £1 relate to roundings. All gains or losses recognised in the year are induded in the Statement of Financ1 Acbvities. The notes on pages 10 to 14 fomi part of these financi81 ststement&
B.H. CHRISTIAN WORKERS9 TRUST Charity Numbcr 1142493 Company Number 7657532 (A Charitbk Company Limited by Gllaranlee) Balance Sheet at 31 Dec8mber 2025 Note 2025 2024 Fixed Assets InvestrEni Properttes Total Fixed Assets CUrnt Assets Debtors Cash at Bank Total Current Assets 1.966.000 1.966.000 1.325,000 1,325,000 38,631 38,631 26,838 26.838 Liabilities Credrtors falling due wiV)in one year Net Current Assets Total Assets less Current Liabilitses 2.084 36.546 2.002.546 2,588 24,249 1.349,249 Re resented b Expendable Endowment Funds Restricted Funds General Funds 1,325.000 652,200 25,346 1.325,000 24.249 Total Funds 1.349,249 For the year ended 31 Dember 2025 the Company was entitled lo exemption from all under section 477 of the Companies Ac 20( relating to small ¢ompanies. The Members have not required the Company to obtain an audit of its financial statements for the year in question in accordance with seclion 476. The Tnjslees acknowledge their responsibilities for (J)mplying wilh the requirements of the Companies Act 20CkS with resFect to awountsng records and the preparab'on of finanaal statements. The financial statements have been prepared In accordan¢e with the provisics aFylic3t4e to companies subjecl to the small tpanIeS, regime. Any differences of £1 relate to roundings These financial Statements were approved by the Board and authorised for issue on DU SIGNED........ IDir8rtor) JOHN PUThOCK SIGNED.......... ITrea¥urerl IAN GROSTHWAITE
B.H. CHRISTIAN WORKERS? TRUST (A ChArtt#ble Company Llwiled by Guarantee) Charity Number J142493 Company Number 7657532 statement of Cash Flows for the yoar onding 31 December 2025 Total Funds 2025 Total Funds 2024 Cash flows from operating actlvltle8: Net provKJed byl (used in} operating activities 606.971 29,791 Cash flows from Inve8tkng activilies: Interest inc4)me Renlal income Inve5ttrEnt Pro expenses Purchase of propety plant and equipment prcdS from sale of investments Purchase of investrrEnts Net cash provided byl (used inl investing acbvrties Cash flows frorn financing actmlles.. Repayments of borrowing Cash infli)ws from new borrowng Net Cash provided byl (used in} financing activities 1.276 60,480 (15,934} 1641,C4JO) 1.013 36.157 (7,677) 595.178 29.493 Change In cash and cash equlvalents In the reporting period Cash and cash equNalents at the beginniNJ of the reporting period T¢)tal cash and cash equivaleTrts at the end of the year 11,793 1298) 27,136 2638 38.631 Any drferens of £1 relate to rouThlings Recon¢illation of ngt incomellexpendfturel to net ¢ash Ilow from operatlng actfvities T•)lal Fund8 Total Funds 2025 2024 Not incornejlexpendliurn) for tho roportlng period (a8 per the slatsment of Ilnancial activibes1 Adjustsnents for. Depreciation charges Property Expenses in Investing Activitie5 Interest In¢ome Shown in Invesb'ng ActNities Renlal Income Shown in Invesbng Activitie5 Lossl{profitl on the sale ot fixed assets Ilncreaselldecrease in stocks Ilncreaselldecrease in debtors Increasel(decrease) in creditOf5 653.297 11,922 15,934 {1,2761 {60,4801 7.677 (1.013) {36.157) 10,WO (8,376) {504) Net rAsh provided tyl lused Inl op•rating activltie& 606 971
B.H. clISTIAN WORKERSP TRUST Charity Number 1142493 Compvdny Number 7657532 (A Charitabk Company LiD)itsd by Gu*rnntee) Notes to tho Accounts for the Yoar Ended 31 December 2025 Note l Accountin Policies The priwpal ar£ounting wlicies adopted, judgements and key SOUT$ of estimation uncertainty in the preparation of these financial statements are as follows: al Basls of proparation;. These frnan¢ial statements have been prepared on the going concem basis in a¢cordance with the Financial Reporb"ng Stsndard applTrble in the UK and Republic of Ireland (effective January 2015) I'FRS 102°) and the Companies Act 20Ck8. That basis is justified by the year end nel current assets of £25,911 and an annual renlal strearn from three different properties of £49,215 as from January 2025. Assets and liabilities are initially recognised at historical cost or transaction value unless otheiSe stated in the relevant accounting policy notelsl. b) Fund a¢¢ountin9'" Funds held ty the Company are either.- General funds which can be used for ordinary purposes. or Unrestricted funds Restricted Funds being either (a> income from trusts or endowments which may be expended only on those restricted oLw'ects provided in the terms of the trust or tequest.. or Ibl donations or grants received for a SpIfiC object Any balance remaining unspent at the end of the year is Gained loard as a balan on that ricted fvnd, or These funds represent properties which Ihe Conwany has the right trj retain. InGome arising from these investments may be used as unreslri¢ted funds. Expendable Endowment Fund$ Income reGognltion policies Items of InfJ)ffB are regnised and included in the accounts when all of the following criteria are met,'- the Company becomes entiued to the funds", any perfomiance conditions attached to the item(s) of income have been rrtt or are fulty within the control of the Company.. there is sufficient certainty that 1p1 ofthe Income 15 consider8d probable: aTKI the amount can be measured reliably. For legacies, entiuement is taken as the earfier of.. the dale on which the Compary is aware that probate has been granted" the estate has been finalised and notificab.on has been made by the executorfs> to the Company that a distribubon will be made., or when a distribution is received from th8 eslate. Receipt of a legacy. in whole or in part, is only considered probable when the anxsunt can measured reliably, and the Company ha5 been notified of the executorfs intention to make a di5tributson. Iere legacies have been notified to the Company and the above crbteria have not been meL Ihen the legacy is treated as a eontingenl as5el and only disclosed rf material. c} Interest veceivable Inte1 on fvnds held on depostt is included when paid by the bank. io
IL CIIRISTIAN WORKERS, TRUST Charity Number 1142493 Company Number 7657532 (A Charilable Company LiJtitt¢d by Guarantee) Notes to the Accounts for the Year Ended 31 Decomb8r 2025 (continued) Nots 1 Accountin Polkl•s Continued d) Gift Aid IncoTre from tsx rlMS is included at the same time as the gift to whKh it relates. e) Expendilur• Expenditure is recognised as soon as Iheie is a legal or nStruCtNe obligation committtng the Company to make a paymenL fj Assots The investrnent properties are for use by the Company. The three unrestricted properties are held as mixed tive investments to further the work of the Company and to prod[e a fiscal return. They are stated at valuatron subject to annual reviews. Nots 2 Volunta Incom• Unrestricted FuThJs 2025 2024 Restricted Funds 2025 2024 Tolal 2025 Total 2024 Regular giving Donations Legacy From ¢huTche5 in the partsh Incor Tax recoverable 4,536 4.536 1,300 £536 4,536 1,300 46.870 42.704 46,870 42.704 1.369 49,909 1,369 7.205 5,580 46,870 42,704 52,450 Thg aggregate value of giving by the Twstees was £NIL (224-£N1L) plus gtft aid of£NIL (2024-£NIL). Nots 3 Rental Incomo Unrestri(*ed Funds 2025 2024 Restricted Funds 2025 2024 Totsl 2025 Total 2024 47 Ne¥ill Avenue 86 Elm Drive 40 Meadway Crescent 97 Poplar Avenue Total 20,100 11.357 15,OC4) 13.250 14,280 11,550 20,100 1S.000 14.280 11.100 60,480 11,357 13,250 11.SSO 11.1(KJ 11.100 49.380 36,157 Nots 4 Staff Costs Unrestricted Funds 2025 2024 Restricted Funds 2025 2024 Total 2025 Total 2024 Gross wages National Insuran costs Pensson costs Death in service insuran Total 38.520 4.785 2,696 35,743 38.520 3,677 4.785 2.502 2,696 782 868 42.704 46.870 35,743 3,677 2.502 782 42,704 46,870 Staff were only employed for the charitable activities of the Company. No costs are incurred relab.ng to fundraising, administration or governance. At the yearend the Company had one full time employee who retired on 25th March. There were no employees with remuneration (including benefits) greater than £60,000 per annum. The average number of employees in 2025 was 1 (2024 also 11.
B.H. CEIRISTIAN WORKERS, TRUST Charity Numbcr 1142493 Company Number 7657532 (A CbaTitble CDmpny Limited by G¥r#Tr4) Notes to tho Accounts for the Year Ended 31 Do¢ember 2025 (continued Note 4 Staff Costs continued The Company is fijlly compliant with the Workpla knsion rules and regulations. All employees rNed an employeffs pension contribution of 7% of their gross income funding the Company's workplace heme provided by NEST {the National Empbyment Savings Trust). There were no Compulsory employee contributions. Note S Pro Ex Unrestricted Funds 2025 2024 Restr Funds 2025 2024 Total 2025 Total 2024 Repairslrefurbishmenl to 47 Nevill Avenue Repairslrefvrbishment to 40 Meathvay Crescent Fees and costs relating To 97 Poplar AvenLse Total 6,540 6.680 6,680 1,773 997 1,773 7.621 7,621 7.621 15.934 8,313 7,677 7.677 Note 6 Tralnln and Sund Unrestr¢cted Funds 2025 2024 Restricted Funds 2025 2024 Totsl 2025 Total 2024 Professional indemnity insurance premium Books Albve Lease Rev Bank Charges Independent Examination Sundry Total 366 702 60 366 702 60 60 1.140 1,140 73 73 517 130 1.258 130 1.258 Fees in respect of the Indepondent Examination last yearwere provthd pro bono. Note 7 Flxed Assets Investment Properbes 2025 2024 Al 1 January Disposals Additions Revaluations At 31 December 1,325.000 1.325,000 1,465.000 641,000 641.000 140,000 1966.000 1325,000 1,966,000 2025 2024 86 Elm Drive Hove at valuation 47 Nevill Avenue Hove at valuation 40 Meadway Crescent Hove at valuation 97 Poplar Avenue. Hove al $1 175.000 175.000 675.000 675.000 475.000 475.000 641.000 1966 000 1325 000 86 Elm DrNe was profrssionally valued in Juty 2024 at £175,000 by Crickmay Chartered Surveyor5 when the lease was coming up for renewal. The Tnjsteès reviewed rnarket trends in Octoter 2025 and decided that, after the redu¢tions in 2024, those values could safety be maintained. 12
H. CHRISTIAN WORKEILS, TRUST (A Charitable Company Llmited by GuaTaDtee) Charity Number 1142493 Company Number 7657532 Not•s to the Accounts for the Y•ar Ended 31 December 2025 (¢ontinued Note 8 Cash at Bank The day-tdaY cash balances ate held at CAF Bank Ltd. The Company also has an instant access account with a balance of £23.000 {2024 £23.0001 wrth Aldermore Bank PLC. All of these lunds are fvlty covered by the Financial Services Compensats'on Scheme. Note 9 CreditopJ. 2025 2024 Statutory deductions due to HMRC from the Dernber payroll Fees due lo the Independent Examiners Rent received due to the PCC CWF Fund Total 927 1,140 1.661 2,588 2.084 Fees in respect of the Independent Examination last year were provided Fyo bom. Not• 10 Com Ativ• Period SOFA. Unrestricted Restricted Endowment Funds Funds Funds Totsl 2024 Income & Endowrnents Donation5 and legacies Relltal income Interest Inrne Total Incomg & Endowments 7,205 36,157 1,013 44,375 42,704 49.909 36.157 1,013 42.704 ndlture on Charitable Activitles Staff Costs Property expenses Transfers to PCC CW Fund Traininglsundry expenses Total Expendtture 42,704 42,704 7,677 7,677 37,362 37,362 46,297 42,704 89,001 Net Income beforé othgr reco nised aln# and lossos 11.922) 11,9221 GainslL05S Fixed Assets on Revaluation of 1140.000) 1140.000) Net Movement in Funds 1,922 140,000 141992 Funds brought forward 26.172 1,465,000 1,491,172 l Funds Carrled Fonvard 24.250 1.325,000 1349 250 13
B.H. CHRISTIAN WORKERS, TRUST Charity Number 1142493 Company Number 7657532 (A Charitable Company Li7¢ed by Guar8Dtee) NotOS to the Accounts ft>r the Year Ended 31 December 2025 continuod Note 11 Anal is of Fund$ Ty Fixed Assets Net Current Assets Total 2025 Expendable Endowment Revalualion Reserve Reslr¢cted Unrestricted Total 952.000 373.000 641.000 952.000 373.000 652,200 25.346 2.002,$46 11,200 25,346 36,546 1.966.000 Expendable Endowment Funds represent the valualion of the tsvo properties which the Company received from the previous unincorporated trust in 20121£552.000) plus the new property donated to the Company in 2020 {£400,0001. The Revaluation Reserve is the net increase in the value of the properties since being owned by the Company. The CoTnpany has the unrestricted right to retain these properties and the income arising from them may be used as unrestncted funds. Restrthd funds were reIved from BH'S sister church. Gok1stone, to cover the enybyment costs of any ministers and staff who work at that church but a employed by the Company. Those restricted ndS were all utilised in satisfying those restricted costs. The residual restricted funds above all relate to the property at 97 Poplar Avenue purchased for the benefit of Holy Cross. Ottasionally donations from other sources are received spe¢ifiGalty to cov8r deSnated expenditure. Note 12 R Fated Pa Transactions Name Don Bawtree John Puttock Trevor Crisb'n Nick Tucker John Puttock Nick Tucker 2025 £44.705 £44,705 2024 £45.701 £45,701 £45 701 £45 701 £13.250 £13,250 Role PCC Member PCC Member PCC Member InGumbent Twstee of Books Alive Trustee of Books Alive D95¢ri Pa ments to BH towards staff costs Pa ments to BH towards slaff costs Pa ments to BH towards staff costs Pa ments to BH towards staff costs Rents aidb BcoksAINe Rents aid b Books Alive £44,705 £15000 £15000 The Trustees neither )Ved nor wabved any emoluments during the year {2024-£Nil). 14