Registered Charity N￿]ber. 1144283 THE JAMES ALFRED AND EMMA CLARA HALL FUND FINANCIAL STATEMENTS 31 DECEMBER2025 THE JAMES ALFRED AND EMMA CLARA HALL FUND FINANCIAL STATEMENTS YEAR ENDED 31 DECEAIBER2025 coKrENTS PAGE Details of trustees and advisers Trustses. annual report Independant Examiners. report Statement of finanaal aclivities Balall￿ sheet Notes to the financial statements 8-13 THE JAMES ALFRED AND EMMA CLARA HALL FUND DETAILS OF TRUSTEES AND ADVISERS Managlng trustses: The Revd L F Davis Vl¢ar olst Andrews Churth Msmswd Mrs C J Calen Mr l Rtches Churchwarden of St Andre￿$ Clwrch Custodlan trusteg: The StAlban5' Diocesan Board of Fwian Mr R C Lgvene. Tre8surer Mrs P H Wikie. Secretary Mr A CoHey. Advisor Prlnclpal addres5 St kndrebrfs Church Kimbjlton Road Bedford MK40 2NQ Independent Examlners Victoria Moore FCCA MDG Business Associales Lwni Chartered A￿)untants & Registgred Audrtors Room 73. Wrest Fknuse Wrest Pa Silsoe Bthrd MK45 4HR Bankers The Central Board of Finan￿ of The Church of England 85 Queen VKaoria Street EC4V 4 THE JAMES ALFRED AND EMMA CLARA HALL FUND TRUSTEES ANNUAL REPORT YEAR ENDED 31 DECEMBER 2025 The trustees present their report and the financial ststem8nts of the tharity for the ygar ended 31 Decpmber 2025. which have been prepared in accordance wth the Trust Deed. The ttustees have adopted the provisions of Accounting and RepDrtlng by Charities., Statement L)f Rewmmended Pradice applicable to charities preparing their accounts in ac￿rdance wth the Financial Reporting Standard appI￿￿ble in the UK and R8public of Ireland (FRS 102) (effective 1 January 2019). LEGAL AND ADMINISTRATIVE INFORMATN)N The Twst was created by the will of th8 James Hall who diod In September 1962. By the te￿$ of Ihe Trust Daed. incDme accumulated for 21 years untl 1983. Upon the death in August 1997 of James Hau's daughter. Miss Edith Winrfred Hall. the accumulated capital was transferred to the James Pjfred and Emma Clara Hall Fund. Tha Income is now available lo fund the tharilatAe obierts of the Trust. The charity exists in order to apply its wi¢ome for the foPA)wing, as the tNste88 in their absL4utè discreticffi thlnk fft:. l. extgnslons to St Andrews Church. Bedford and for maintaining the fabric of Ihe bulding. 2. mantalning the Gatden of Res¢ 3. the relief of povety of eklerty in lh8 Partsh or of those o)nnectgd wtth the Church. 4. the general religK)us purposes of St Andrews chu￿th. We confim Ihat we have referred to the guidan￿ given in the Charity Commission's general gumjance on public benefft and give fum regard to the public benefft when reviewing, planning and implemenlng our objectives and aims. All trustees are aptX)inted ex officro. The capital is held ￿ behalf of St Andr8Ws Church by St Aban's Dtocese as (wstrxlian Iwstee. THE JAMES ALFRED AND EMMA CLARA HALL FUND TRUSTEES ANNUAL REPORT YEAR ENDED 31 DECEMBER2025 ACTivrfiES AND ACHIEVEMEpirs At the y6ar end the acoJmulate(I capital fcmilrvJ the ETrJovAnent FurKI amounted to £4.76 million (2024 - £4.94 mil&on). Grants were awarded to St Andrevls ￿Urch Parochial Churth Council amounung to £118,348 {2024 - £117,297) V￿th totsl expenditure for the year of £118,534 (2024 - £122.215). This vras in order to s4)port the parish W0￿rS various repai￿ and r8pla(xments lo the churd) compbL INVESTMENT POUCY It Is the policy of the trustees trj invest the assets of ts thaiity in Ihe CBF Churd) of England Funds. The assets are spread a￿osS the dewsit. the fix￿1 interest securtties. the shar￿aSed investrn8nt and the proFerty fiJThJs offered by the CBF ChurL* of England Funds. Thasa fuTrJs are specifically designed for suth holding& GRANT MAKING POUCY As detemiined by Trust D88d. lh8 trustees award grnnts onty to the parish and parishioners of St Andrevls Churdi. Bedford. RESERVES POLICY The trustees consider trwt the reserves are adequate to meetthe needs of the chaiity as thèy provtde the core commitment for tha coming year. which commitments are under rawew. As ￿ chaiity is a grant making organisatN)n li 15 able tr> adjust its expanditure to keep within its income from time to ltsne. The tharity reties rjn lh8 tX)rtinuirYJ bDluntary commitment of the trustees and offi￿rS. THE JAMES ALFRED AND EMMA CLARA HALL FUND TRUSTEES ANNUAL REPORT(conllnuod) YEAR ENDED 31 DECEMBER 2025 THE TRUSTEES The trustees who served the tharity during the year were as follows: Revd L F Davis Mrs C J Callen Mr l Riches Ms M Swales TRUSTEES. RESPONSIBILITIES The Charities Acl requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity at the end of the year and of the incoming and outgoing resources for Ihe year Ihen ended. In preparing those financial stalements, Ihe trustees are required to select suitable accounting policies and then apply them consistently, making judgements and estimates that are reasonable and Pfudent. The Iruslees must also prepare the financial statements on the going concem basis unless it is inappropriate to presume that Ihe charily will continue its activities. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy al any time the financial posilM)n of the charity and to enable them to ensure that the financial slatements comply with the Charities Act 2011. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable sleps for the prevention and detection of fraud and other irregulaiities. Signed on behalf of the tsustees THE REVD L F DAVIS Approved by the Irustees on . ts2G THE JAMES ALFRED AND EMMA CLARA HALL FUND INDEPENDENf EXAMINERS. REPORT TO THE TRUSTEES OF JAMES ALFRED AND EMMA CLARA HALL FUND(continued) YEAR ENDED 31 DECEMBER 2025 I rewrt on the ac￿Unts for Ihe year erKled 31st DeC￿ber 2025 set out on pages 6 to 11 RospeGlive responslblllllos of lrnst888 and oxaminer The charitys trustees are responsible for the preparation of th8 accx)unts. The charitys trustees ￿nSIder Ihat an audit Is not required for this year {u￿er SedEon 144{2) of th Charitie5 Ad 2011 (the 2011 Act)) and that an independent e￿￿Ination ts requlred. It i5 my reswnslbilty to: xamine the acc#)unts under Section 145 of the 2011 P 40 follow the proGedures latd down ￿ the General DIred1(￿ given by the Charity Commisslon (urvjer Sec*ion 145(5)(b) of the 2011 Act). and -to stste whether partiwlar matters have (x>me to ffly attenlx)n. Basls of the Independent examineVs report My examlnation was carrkd out in aC(L)rdan￿ with the General Directions given by the Charity Commission. An examination indudes a revmv of the arxounting re￿rdS kept by the charity and a comparison of the ac(yJunts prosented with those records. It also includes o)nsideration of any unusual items or disL4osures in th& acwunts. and seeking explanations from you as tsustees 0)n￿MIng any suth matters. The PTDcedures urKlèrtaken do not provide all the eVIden￿ that would be required in an audit, and consequently no opinion is gwen as to whether Ihe a0￿unIS pr6sent a Inje arKI fair view ' and the TetKJrt is fimited to those rnattets set out in the ststements bek)w. Independent examlnefs statement In connectim with my BxaminatKm, no matter has come to my aiientw)n: (l) which gives me reasonable cause to believe thac in any material resp8c*, tho requirements .to keep accountirKJ re￿rdS in accordanr* with 130 of the 2011 A¢ arml -to prepare accounts whith awxd with the acC￿nI1)g records and to (wiply with the accounting requirements of the 2011 AGt have not been mec, or (2) to which, in my opinion. attent￿n should be drawn in order to enable a proper understanding of thg accounts to be reached. Victoria Moore FCCA MDG Business Associates Limtted Chartered Accountants Room 73. Wre8t House Wrest Park Sitho Bedford MK45 4HR It 1 'ACC￿nting and Reporting by Charities: Staternenl of Rewmmended Practice applicable to charities preparing their accounts In acujrdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effecttve 1 January 2019),, as amended by Update Bulletin 2 published in thtober 2019, and the Charities Act 2011. The ￿an(ma1 stalements have been p￿pared under the hisk)rical ￿st Investment assets and Income Investrnents are shown at market value. Realised arKI unreali￿} gains and losses in the year are shown in the statement of financial activiti8s. Gains and losses are cAlcuiated at tho basis of tho pre￿￿8 balan￿ sheet valuation or the purchase cost whichever is lower. Investment income is uedited to the yearto it relates. Tax (xediL8 a￿ mat(*ted to thé year in Nthieh invastrnent income is credited. Grants and othor oxpen(Uturn Grants and other expenditu￿ are tharged to the Statement of Flnandal ActivitFes on an accruals basis. Fund accounting Unrestricted funds can be used in aw)fflanc8 Kith the thariLgNe ￿JectiveS at the discretion of the tnjstees. Only the inccrfne from the Endowment Fund, whi(* is transferred to the Unrestricted Fund each year. can be spent. though tt is tM)ssibl8 to bom)w monies fr(￿n the Endowment Fund with special pemiission from the Charity Commission815. Further ewanatton of the nature and PUffM)se of aac* fund is induded in the notes to the financial ICONNECTED CHARITIES The James Alfred and Emma Clara Hall Trust has some ITUStee5 who are also merrbbers of the Parr)thial Churth CounLII. During the year grants amounting to £118.348 (2024 - £117.297) were awdrded. 3.INVESTMEKf INCOME Unrestricted Ernlowmert 2025 2024 Interest CBF Fixed interest Se￿rIlleS fvnd CBF Propety fund CBF Invesknentfund CBF Global Equityffij￿I 1322 2.322 997 8,254 8254 5.846 13,768 13.768 13.789 112,730 112,730 110,558 13.TT3 13.773 13.388 THE JAMES ALFRED AND EMMA CLARA HALL FUND NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 4.COSTS IN FURTHERANCE OF CHARrrABLE OBJEcrs Unrestrlcted Endowm8nt Tolal Funds Funds Funds 2025 2025 2025 Total Funds 2024 Provlslon of charftable sarvlces: Grants for PCC Salaries Grants for Churth enhancements 112.642 4,800 117.442 112,642 114.484 4800 6,801 117,442 121.285 Grants for Church Enhancernents 2025 2024 Gable End 6.801 4,800 6,801 VnrestrIct￿ Endo*Thent Total Funds Funds Total Funds Examination fees Uoyds Compensation 1.092 1.080 (150) 930 1.092 1.092 6. TRANSFERS BEfwEEN FUNDS The capital of the Trust has arisen from the ac￿mUlatIOn of the 1￿cY from the estate of James Alfred and Emma Clara Hall and is held by Ihe twstees as a pefmanent Endovmlent Fund. The income from thB Fund is transferred to the Unrestricted Fund 8ath year. Unrestrktad Endowment Totsl Total Transfer of expendable Endowment income 148.525 1148,525) THE JAMES ALFRED AND EMMA CLARA HALL FUND NOTESTOTHE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 7. INVESTMEKrs . CAPITAL FUNDS Movernent In market value 2025 2024 ma￿et value at 1 January 2)25 Net gain51(losses) on revaluallons in the yearendgj 31 D8¢8mber 2025 Mark8t value at 31 De(xnber 2025 4.941290 4.815.863 (176,451) 4.767.839 128.427 4.944,290 Historical cost at 31 December 2025 2.415.679 2,415,679 Analysls of Investments at 31 Dacamber 2025 Total Funds 2025 Total Funds 2024 CBF fixed interest swrities fund CBF propety fvnd CBF investment fvwKI CBF Global Equity fvnd Cash on deposil 222.978 255,825 3,901,105 563,446 261,328 3.745.147 531,992 936 4767.839 4,944.290 HtstQfical cost at 31 December 2(r25 1415,679 2,415,679 b. INCOME FUNDS invested In CBF inveslment funds 2025 2024 ma￿et value at 1 January 2025 Purchases Nel gainsl(losses) on rèvaluations ￿ the yeareMI 31 D8Gember 2025 Market value at 31 Decembor 2025 154,735 151.273 {6.186) 148.549 3,462 154,735 Histofical cost at 31 December 2025 125.578 125,578 8. DEBTORS 2025 2024 Debtors 37.407 36,557 Debtors represent intetest and dividends re￿1¥aLle on funds inv￿. THE JAMES ALFRED AND EMMA CLARA HALL FUND NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 9. CREDrroRS: Arnounts falllng due within one year 2025 2024 Amals pcc 1.100 904 2,004 1.100 10. ANALYSIS OF NEf ASSEfs (between restricted and unrestrictsd funds) assets 2025 2025 2024 Unrestricted Income Fund 281311 2B3,311 257.184 11. ENDOWMEKf FUNDS Balance at Incoming & Outgolng & Balance at 1 Jan 2tr25 Revalualions Transfers 31 Doc 2025 Pemianent endovm*nts Endowment Fund 4.944290 27.926) 148,525) 4,767,839 12. ANALYSIS OF NEf ASSEfs BEfwEEN FUNDS Unrestricted Endowmw Funds Funds Total Funds Total Funds Inveslments Debtor5 Cash at bank Current liabil11gS 148,549 4767.839 37.407 98,455 (1,11)0 283.311 4916.388 37.407 98.455 {1,100} 5,051,150 5.099.Iy25 36,557 67,896 (2,004) 5.201,474 4767.839 THE JAMES ALFRED AND EMMA CLARA HALL FUND NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 12. FINANCIAL COMMrrMEltrs The TTUSt has no paid employees. However, in the past it has commltted to SUPFQrting the cost of ortain gmpk)ye8s of Sl Andrev/s Churth PCC. The commilment for all these posts amountod to an estimat9 of £112,000 per annum In the year to 31. December 2025. From 1" January 2025 the commilment 15 by Ihe way of a fixed grant. Any underspend in that sum wl be tskEn into ￿)Unt when agree1￿j the grant for the followiThJ year. 13. CONTINGENT UABILMES The Trustees rmfrm that Ihere are no (thiwent liabthties k) rewrt as at 31 D8(*M￿r 2025. (2024 - £Nil). 1& TRUSTEES, REMUNERATION AND RELATED PARTIES The trust￿ r8c8lved no remuneraliin or othw benefiis in the year from the Fund (2024 £Nil). There were no trustees, expenses pard in Ihe year by the Fund (2024 - £￿11 Other than th0￿ speciftcalty dtscknsed in th8 Tr)t8s to Ihe finarmial staternents there were no other out*andirKJ balan￿S wilh re￿t￿l as ai 31 Dewnber 2025 {2024- £Nill THE JAMES ALFRED AND EMMA CLARA HALL FUND NOTES TO THE FINANCIAL STATEMEKrs YEAR ENDED 310ECEMBER 2025 15. COMPARATIVES FOR sfATEMEKf OF FINANC￿ ACTivrrES unrnstrI￿ EDd0￿￿ent Funds Funds 2024 2024 Total Funds 2024 Incoming rgsources Investsnent Income Totsl Incomlng resources 997 997 143.581 143,581 144578 144,578 Re8ourc•s expended Charitable expenditilre: Costs in furlherancE of charilable oi¥e( Management and admlnlstrdtk Total Resources oxpendod 121285 930 122215 121.285 930 122215 Unrealised and ￿alISed gains on investrn 3.462 128.427 131.889 Nat rosour¢8s for th8 b9fora transfers (117.7￿) 154252 Transfer beiween funds 143,$91 (143,581) Net movernent In funds relating to the year Balances brought foNrard Balances carryed forwartl 25,825 128,427 154.252 231.359 257.184 4,815,863 4.944.290 5,047222 5.201.474