THE PAROCHIAL CHURCH COUNCIL OF ThE FOREST HILL TEAM MINISTRY FOREST HILL, ST GEORGE WITH ST MICTrIAEL & ALL ANGELS, LOWER SYDENHAM Charity Commluion Rffjlstratlon Numbor 1150868 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025 CONTENTS p1 The PCC of the For8St Hill Team Mini$ty AcLOLbnling Policies p2 The PCC of the Forest Hill Team Ministy Treasurers Report Th& PCC of the Forest Hill Team Ministry Balance Sheet and Stslement of Financial Activit￿$ Independonl Examinbys Repfy1 F6- p11 Si George Parish Church- Finan￿al Statements p12 Independent Examiners Rewi- Sl G￿9. Forest Hill p13- p18 Si Michael & All Aryds Pwish Church - Financ￿1 Stai8ments p19 dependent ExamNwrs Rewrt- Si Micha81 & All hJyls. L(Mier Sydenham Not0• 1 The financial slalwnwls of the PCC have b8en prepared tn accordance with the Church Axouniirw Regulat￿n5 2(￿ u$uN tho A￿u415 A¢cfjLmling Basis basi$. 2 Th8 parish of For851 Hill, St Gaorge wrth Sl Michael & All Anplj, Lower Syd8nhaffl was created on 25th January 2012 from tts un￿n of P8ry Hill, Si Ge￿90 with Christ Church & Si Paul and Si Michael & All ArvJels, Lrjwer Sydenh 3 Tho parish of Sl Georgfr. Foresl Hill with St Mic*ael & All Ang815, Lower Sydenham h8S 0 PCC and h¥0 parish chur¢he$. The a¢ccunt$ has detailed financial inf0m*￿tn for &a¢h of Swed on Richard Lane, Team Re( Parochial Church Council of the Forest Hill Team Ministy (Perry Hill, Sl ge wrth Sl el & All Angals, Lower Sydenham) i?/% Parcth￿l Church Counal of the FrKesl Hill Team M￿1$￿ THE PAROCHIAL CHURCH COUNCIL OF THE FOREST HILL TEAM MINISTRY ST GEORGE. FOREST HILL WITH ST MICHAEL & ALL ANGELS, LOWER SYDENHAM Charlty Commlssion Reglstratlon Number 1150868 ACCOUNTING POLICIES FOR YEAR ENDING 31 DECEMBER 2025 The finanaal statements are presented in wth Church AcownlirvJ Rg3uIal¥￿S 2CQ6. togglh8r with applicable ￿OUntIng standards and the Charities Commis$ion'$ revisad Slalement ol Recommended Praclic£ Ithe Charrt￿$ SORPI. The aeLounls are prepared undef the hisl(Yul cost cc￿VentIC￿. Funds The Gener81 Fund reyesents the fuThls of th8 PCC that we not subj'ect lo any restrictK)ns regarding their use, and are available for rts geT￿ra1 purposes. The Buildings FuThJ is a restr￿ted fuThJ lo be Us￿1 for ￿lIdIng and matnlen8nce work al Si George's parish ¢hurth. The Children and YoLrth Fund is a restricted fund to be used for chiklren's woth al St George's parish church The accounts incl￿0 all transactions. assets 1th.lrt￿S for whith lh8 PCC is r8spon$iblfr in law c￿ OV8r whth the PCC exerases control. Incoming Re￿￿rC In¢omirg rowf￿* we re(a)gnised in the folkNing M￿ner. li} Collections and planr*d giving when r￿1Ved. lill Grft Aid reC￿Verable on donations. wtren the donabms are made. liiil Grants and léga¢1&5 10 PCC. whon rsceNod livl Income from fund-raising and similar actwilies, gro38 when re￿ived. Iv) Iiivvsliwi¥iil inLx)In¥ &iKi Irm￿10 r8coiv8bkn, whon roc4ivabtso. R••ourcH U••d The Parish Pledge paid lo the Diocese is accounted for in the year during whth payment ig sought. Any unpaid eonlribului at 31 $1 Decaxbor is indLthd in V)6 balance sh68t as a creditor (though not a legal liabililyl R08OUrc￿ Expond•d Expenditure 1$ recc£ni$ad on the accnJ818 bagis as a lth'lty is Exp8ndrture includes VAT rch cannot be recovered. arKI i8 reported as part of the exP￿d￿Ure to ￿leh il ralatas. Flx•d A•••t• Consccratcd and bcncficed property of any kind is exduded from these aCco￿tt5. Other fixture$ and fillings are depreciated ￿ a stra*3hl line basi5 over 3 years. lTrdivithJal items ol equipment wrth a Pufchase price of £1.CMXJ or less are wntten off when the asset is acquir8d. Curr•nt Assets Amounts due lo the PCC 8131 Decanbw 2025 Curront LlabllStle• Amounts owed by th8 PCC at 31 Decemtw 2025 P1 THE PAROCHIAL CHURCH COUNCIL OF TrIE FOREST HILL TEAM MINISTRY: FOREST HILL, ST GEORGE WITH ST MICHAEL & ALL ANGELS, LOWER SYDENHAM: Charity Commission Registration Number: 1150868 TREASURER'S REPORT 2025 Introductlon The Forest Hill Team Ministry incorporates the parish churches of St George. Forest Hill and Saint Michael and All Angels, Lower Sydenham. The accounts show the overall finanaal pO￿tIOn for the parish, together with finanaal slatemenls for.. the parish churches of St George. St Michael and All Angels. The 2025 acLx)unts have been prepared on an Accnjals Accounting basis. The gro88 income of the Team Ministry exr2eded £250k in 2025, and rt is a legal requirement under the Charities Act 2011 that acuuals accounting is used. This takes a 'true and fair view, so that income or expenditure rdating to a financial penol. but nol recthved or paid unts'l after that financial penod is induded in the finanaal statements. Forest Hlll, St Geory8 Tmfth St Mlchael & All Angels, Lower Sydenham The overall assets (less Current liabilities) for the Team Ministry at end 2025 stood at £182,688 a sizeable increase compared to end 2024- £131,141). This is made up of: 31.12.2025 £126.937 £55.751 31.12.2024 £75,516 £55,625 Sl Geor St Michael & All An Total £182.688 £131.141 Both parish churches had a reasonable financial year in 2025 wrth income broadly in line with expendrture. Through a very generous donation, St Georges created a Net Zero Fund which led to a significant In¢￿aSe in Ihe 2025 total assets for the Team Ministry. This increase is temporary, as there will be signrficant expendilure on Net Zero in 2026. The Net Zero Fund is a Restricted FurKI so can only be ukn'lised for Net Zero projeQs. St George's benefrtted from income from the tsvo major hirers throughoul 2025.. nurseries at Sl Georges Hall and the Chapel. the prethschoc4 group at the Studio hall left in October. We also benefitted from a generous legacy from the estate of Richard Sutton. This. and the 2023 legacy from the estate of Margaret Exley. all)mpadson ol aLxxwrrt$ kKe¥wrt•J WFlh IIK>30 rwds. M dso ol any unusual items Of di8dosuw in lh& acxmtiThJ rwds in *ith s.13) ol the 2011 Act and Rwlkn14 of the 2(iI3 A￿fits R•julal￿ arwj bl Io pware ac<£Amt$ whKth Ilwe r￿￿d% c•mth wilh the r￿U1r￿nents of the 2011 Ad and *ai¢)n 44(11{b) 2(Kfj Ad •KI R￿￿ati￿ 8 rrf the Aoxt¥Jts R•JulatJons have not bo￿ met: f 2. to vknlth. in my oprkn. *Iffill(￿ •I￿Ad b• orow to undwstaThJin9 of t P6teT Stubbs Treasurer Syd￿h￿n THE PAROCHIAL CHURCH COUNCIL OF THE FOREST HILL TEAM MINISTRY: Parish Church of St George. Perry Hill:_ Treasurer Repprt 2025 Funds - The PCC has identified funds as follows in relation to St George's. Forest Hill: Unrestricted Funds.. General Fund - for general purposes Restricted Funds.. Buildings Fund - for building and maintenance Children's Fund- for children and youth ￿lated expendrture Net Zero Fund - to support the move to net Trro cart)on energy. The 2025 accounts have been prepared on an Accmals Aco)unting basis. The gross incA)me oflhe Team Ministry exceeded £25Ok in 2025. and it is a legal requirement under the Charities Act 2011 that accruals acrounts'ng is used. This lakes a 'tnJe and fair ew, so that income or expenditure relating to a financtal pericml. but not recaved or paid until after that financial period is included in the finanfial statements. Through a very generous donation crf £50.OC(l. St Georges ueated a Net Zero Fund which led to a significant increase in Ihe lotsl assels for Sl Georges. The Net Zero Fund is a Restricted Fund so can only be utilised lor Net Zero proieds. The increase in assets is temporary, as there will be significant expenditure on Net Zero in 2026. Aside from Net Zero. there was a small increase in Sl George's assets in 2028.. o major hirers operated throughout 2025 Lrttle Legs Nursery at St Georges Church Hall", ￿ttle Village Nursery at the Chapel. The Mollyhouse Coop Ltd pre- school used St George's studio hall until October 2025.. St Georges r8caved a generous legaw of £20.000 from the estate of Richard Sutton. Combined with the 2024 legacy from the estate of Margaret Exley, this enabled St Georges to fund major expendrture on on the church building and grounds. We are very grateful for the generosrty of Richard and Margaret in supporting the work and ministry lo Sl Georges and the wider community. 8n8ral Fund (Unrestricted FurKI) Income in 2025 reduced to £184.876 {2024 - £206.210). The Sutton legacy 18 not induded in the general fund as it was explictlly for buildings and maintenance (whereas the Margaret Exley legacy in 2024 did go to the Gener* FurKI). V￿Untary Giving stood at £60.231 {2024 - £76.104 induded the Margaret Exley legacy). Congregational giwng (induding tax red*m) a modest incxease. Hire income in 2025 stood at £117.36012024 - £123.367). This reduction was due to Ihe Mollyhouse Coop Ltd pr&schod ending it's hire in Ortober 2025 and slightly redLsced income from Other Lettings. Expenditure in 2025 saw a wd¢orre reduction to £158,331 12024- £164.548), this is primarily due to a large redu¢Xion in expenditure on the Chapel. This more than offset a small increase in expendrture on Church Activrties- V#ith St George's Parish Pledge increasing to £75,123. utilities costs reduced slightly to £19,092 {2024 - £19.8861 refieding a modest dedine in gas and electrioty costs- although they are still much higher compared to befo￿ the Ukraine conflid. Vle have moved the gas supply to Corona Energy far two years. P6 Overall there was a sU￿u5 of £26,545 on the General Fund in 2025, compared to surplus of £41,662 in 2024. After a transfer of £20.000 to the Building Fund, the General Fund stood at £63,688 at the end of 2025. Buildin Fund (Restricted Fund) The Building Fund saw unprecedented expenditure in 2025 of £42.623 which was funded by the Sutton legacy and donations Itotalling) £21.000 and a £20.000 transfer from the General Fund. The major areas of expenditure was.. replacement of old church lighting by energy efficient LED lights (£12,805) - repair and restoration of th8 labyrinth andlawn {£9.504) - repair and maintenance of heating (£7.330) hildren's Fund {Restrided Fund) The Children's Fund, support St George's work and ministry to children, induding the Children's chair. The fund stood at £3.203 at end 2025. Nel Zero Restricted Fund Thfough a very generous donation of £50,000, St Georges (xeated a Net Zero Fund to enat￿e St George's church to move to net zero cartK)n energy. Initial study reports were o)mmission and the Net Zero Fund stc#Jd at £47.006 at the end of 2025. Balance heet Assets (less current liabilities) sharply increased to £126,937 {2024 - £75.5161. The majonty of assets 1$ the bank account with Unity Trust1£123,587) ￿u$ debtors and accruals - pnmanly Gift Aid relating to 2025 but received in 2026. Currenl liatslilies of £5,514 relates to creditors. Pensions St George's Church employs an Administrator (who also supports St Michaelsl. The current Administrator partiapates in the Pension Builder 2014 Scheme section of Church Workers Pen￿on Fund ICWPFI for lay staff. CINPF is administered by the Church of England pen￿On8 Board. The scheme is u)n%dered to be a mufti-employer scheme as described in Section 28 d FRS 102. A valuation of the Pension Builder Sthme is carried out every three years. The most recent valuation was carried out at 31 December 2022. this revealed a surplus of £8.5m on the On9￿n9 assumptions used. The next valuthon will be at end December 2025.. utlwk for 2026 It is expeded that 2026 will be challenging due lo the loss of the Mollyhouse Coop Ltd pre-schod gfOUP. If a ne+V tenant cannot be found for the Studio Hall. this is substantial loss of income. It wll therefore be important to control expenditure. If there is major building maintenano required. we may need to seek donations from the congregation. It is expected that the Net Zero fund will sub*ants"ally reduce in 2026 as major exFenditure is undertaken. ST GEORGE. PERRY HILL: FINANCIAL STATEMENTS FOR YEAR ENDED 31 DECEMBER 2026 Balance Sheet as at 31st December 2025 20251£) 20241£) Flxod A8•0ts Cuffent A•Mts D¢blor$ (Grft Aid Claimable} Debtors Legacy Accrued Income Current Account Instant Access Saving5 Ac￿nt Net Zero Aecounl 8.594 8,077 41.234 35.257 47.C(6 38,476 31,448 Total Ass•ts 132.451 79.646 Currnnt Llabllltle• Cr8dilors duo wrthin one year LED Lights due within one year Incomè réceived In advanc 4.033 1,481 3,430 7iXI 5,514 4,130 Total A•••ts L•s• Cufr•nl Llabllttl 1%.937 75,516 Ropr•••ntod By Unro8trf¢t•d Fund• General Fund 57,143 Re8trfct•d Funds Building Fund Childrens Fund Net Zero 13,040 3.203 47,( 14,663 3.709 63,249 18,372 Total of All Funds 126,937 75,516 P8 ST GEORGE. PERRY HILL: FINANCIAL STATEMENTS FOR YEAR ENDED 31 DECEMBER 2025 Statemont of Finan¢ial Activltios for 2025 - summarising the funds in SORP (Slatemanl cl Recommended Pfacattil fomiat Unrnstrictod R•8trictod Fund• Ger￿ra5 BuildwvJ Childrens Nel Zero Fur FuThJ FLmd Fund Total 2025 Total 2024 Incom• Voluntary Income Church Activities Activrties for ganoraling funds Investment incomo .231 21.tXL) 6.474 117.360 810 0 50,056 131.287 6.474 117.360 810 77,104 5,892 123,367 Total Income 184,875 21,LXKI 0 SO,0￿ 255.931 207,210 dilura Church Activili8s Cost of Genoraling Funds 143.448 42.623 14,883 3,050 189,627 14,883 144,098 24,513 Total Exp8ndilur• 1&8.331 42,623 3,050 204,510 1S9,611 Nel Movement In Funds before transfer8 ,545 .21,623 -&% 47,C 51,421 38,599 Transfers bthoen funds .20,CKIJ 20,CKKI N61 Mov￿￿nI In Flmds -1,623 -5C6 47,C(6 51,421 38,599 Total Fund$ broLohl lo￿ard 57,143 14,663 3.709 75,515 36,917 Total Funds carr￿d foThiard 63,688 13,040 3.203 47.OC6 126,936 75,516 P9 ST GEORGE. PERRY HILL: RNANCIAL STATEMENTS FOR YEAR ENDED 31 DECEMBER 2025 Gen•ral Fund lunr•strict•d fund) - Incom• and Exp•nditur• Income Voluntary incom• Planned Giving- Grft Grft Aid- Tax ReC￿Vered In Year Planned Giving- non Grft Aid Collections al serv￿9 Contactless Sum Up Donations lincluding legacies) 2025 (£) 2tr241£) 34,1 10,373 7,811 3,780 32,322 9,797 7,950 3,275 60,231 21,C62 76,104 Church Actlvltlo• Fundraising Faès 5,575 512 5,892 6.475 Actlvltlm for G•n•ratbn9 Funds Sl George Hall - Littl8 Legs Nurs•y Sl George Hall - Other Letting$ Si G￿rge Studio Hall- Mollyhouse Chapel- Little Village Nursery Chapel- other income 37,392 23,815 14,8C 35, 1¢)) 12,261 123.367 11,623 33,152 12,5C() 117,360 Inv•stment In¢¢)m•- bank IntWO•t 810 Total Income 184.876 X6,210 Ex ndlture Church Actlvltle• Parish Pledgg lo Diccese Minislry Team expenses Payroll - Administralor Services and music Sialionery I Printing Cleaning 75,123 3.177 17,501 73,650 2,176 16.581 7.225 383 11.713 19.886 3.652 4.770 140.035 599 12,CM 19.092 3,742 5.261 143.448 Insurance Cmjrch Givirvj Co•1 of Goneratln9 Fund8 Chap81 running costs Bank Charges 14,542 24,177 336 24.513 14.883 Total Expendlturn 158,331 164.548 Ngt11)•llcltySurplus lor the year General Fu￿j brcK4ghl fcrn8rd Transfer lo Building Fund General Fund carried fomard 41,662 57,143 20,C 25.481 10.0(KI 57,143 P10 ST GEORGE. PERRY HILL: FINANCIAL STATEMENTS FOR YEAR ENDED 31 DECEMBER 2025 Building Fund (Rostrictod Fund) 20251£) 21,C(X) 2ff24 {£} Legacy l Donation Exponditura Bells Electrical Wofk Fire exlinguishws and alams Glass Hall D¢)ors H&aling Kitchen Labyrinth Lrft servicing Lights Paving Slcrt6$ Quinquennial Fé8 Toilel facilities Tre8 Management Wndow 1,878 210 1.542 612 1,201 3* 594 1,399 389 12.￿5 1.116 1.476 2.376 732 1.272 42.623 4.¢%3 Not (D•flcltySurplu• for the y•ar -21.623 4,¢%3 Building Fund br￿ght ftThard Transfer from Gen8r81 FurKI Buildino Fund ¢arried forward 14,e83 8,726 10.(K)O 14,663 13.040 Chlldr•ns Fund {R••trlct•d Fund) Legacy l Donation 20251£) 2tr241£} Childrens Choir Choir Lights Sch￿1 Prtt85 105 102 Not {DeficltVSurplu• for th• year Childrens Fund brought fornvard Childrens Fund carried forward 3,709 3.203 2,709 3.709 Zoro Fund (RmtrlCt￿ Fund} Legacy / D￿allOn Interest 20251£) 24 (£) Heating R8pJrt Lighting 3,050 Not IDeficitVSurplus for the year Nel Zero Fund brought forward Nel Zero Fund carried forward 47,C(6 47.0 P11 Report by the Independent Exxminer on the accounts for Forest Hill, St George 2025 The level of receipts and pmyments and the si7£ of th¢ balance she¢ confirni that the PCC require an examination rather than a full audit. My examination has ¢ov¢r¢d th¢ accounts for St George. The xcounts for St Michael and All Angels are examined separately. An understanding of the PCC'S Organisatio￿ xcowiling reconls, ￿tiVitieS and natur¢ of its assets. liabilities. income. and eXFtnd1ty￿ w&8 gained from a survey of the accounling r¢coTds and disc￿10￿ with the treasuru. No major failures were identified in the accounting Tecords. An analytical Teview of the fIn￿la] sLqlements was carried out to look for inconsistencies and unusual events in the year and compared to previous years. No unexpected fluctuations were discovered in the financial slatements tyond those due to the pandemic. Enquiries did not reveal any wst balance sheet events which would have significant IMp￿t on the financial statemrnts for the year. Figures in the financial statements were cro&8-r¢f¢rcn¢ed io and checked off against the accounting records (c&sh iu)k for receipts and payments) to confim) the links between the two. A selection of vouchers (invoices. Sunday collections sheets elc) was trdced back to the cash IxK)k to ensure accuracy and compleleness. and also from cash kn)k to vouchers. Tests were made of the arithm¢ll￿1 accuracy of the financial statements and the c&sh IK)ok. Si George's had a succe&sfill 2025. A further legacy of £20,(KK). combined with thc £SO.(M)O io the Net Zero Fund, will greatly help parish finances. The Net Zero Fund will be able to fw)d building improvements that save energy. for example, and will lead io lower energy bills in the future. Income from hiring oul the fxilities continues lo be strong. and contributed to a healthy surplus in the General Fund in 2025 Peter Stubbs Treasurer Si Bartholom¢w's Church Sydenham Pit Treasurer's Report - Sybil Carey Introductlon and Notes to the Annual Accounts Year Ending 31" December 2025 Forest Hill Team Ministry The District Church Councll of St Michael and All Angels Church, Lo￿r Sydenham The DCC of St Michael and All Angels Church (DCC) consist of those PCC members of the Forest Hill Team Ministry who nomially attend St Michael's Church. The DCC IS 8 sub-committee of the PCC of the Forest Hill Team Ministry. It has delegated powers from the PCC in relation to finanaal activib'es associated with Sl Michael's Church and H811. Objectives and activities The DCC of St Michael and All Angels Church has the responsibility of cxj-operating with the Incumbent in promoting in the ecclesiastical parish of the Team Ministry the whole mission of the Church. pastoral. evangelistic. social and ecumenical. Funds The DCC has identified funds as follows.. Unrestricted Funds DCC General Purposes Fund.. managed by the DCC. It is managed by the DCC and will be used to pay all expenditures for the church. The account indudes monetary transactions. assets and liabilities for which the DCC can be held responsible. They do not indude the accounts of Church groups that owe affiliation to another t)ody. nor those that are informal gatherings of church members. St Michaels had an improved 2025 and is cautiously treading carefully with compulsory expenditure. The bank account at end 2025 was £55,429 {2024 £45,810). The church's three sources of annual income are.. Rental from St Michael's Primary School £30.360 (2024 Q4 arrived in 20251. Congregational Giving £14,112 Tenants £22,668 (one new tenant came in July 2025). P13 Rental from the church and hall from all tenants (induding School) is £53.028 this year compared to £41,841 last year. The increase is due to 2024 fees coming in this year. The church's top three sources of annual expenditure are: Parish Support Fund (Diocesan Quots) £18.000. IAÈ asked and was granted a decrease in Parish Fund. Utilities £13.302 (reduced from £13.835. in 2024) The utility bills are still higher than we like. With our Church being a large 1950's building with all glass windows on all sides, rt is hard to heat up, and tuming off the Boiler in the Summer months does not help much, as the daily rates are higher and still payable. Significant efforts were made in 2025 to reduce the use of energy as far as Frf)ssible. Salaries £10,014 We held another Fete and a Raffle to raise more money to restore our Organ which suffered an electrical breakdown. ￿ received the Grant of £5000 from All Churches Trust Mission, which helped immensely with this project. Our Organ is alive and now needs servicing and minor bits and pieces to be whole. But it is still playing each Sunday, since October 2025 We also applied for help to develop the Chapel into St. Michael's Church Hybrid Sensory Chapel for children and adults with disabilities and was awarded £5000 (received in 2024) from All Churches Trust and this proied is still ongoing. I thank our V￿nderfUl small congregation vtho regularly donate. A monumental thanks to members of the Diocese for being so understanding and tremendously helpful. My thanks to Simon Taylor. Treasurer of St George's Church, who is my mentor and advises me as per usual, checks and sends off my Gift Aid applications and checks the account for completeness. Also, to Peter Stubbs, Treasurer of St Bartholomew's Church for checking the fin818ccount. Also. I met up with Tim Vvalder this year, who assured me all was well when I 'was" doubting myself. Notes on the Accounts Note 1 The License Fee from St Michael's Primary School. The school uses church owned land (most of the playground induding the dining hall and the garden to the rear of the church) and pays 'rent". P14 ST MICHAELS & ALL ANGELS. LOWER SYDENHAM: FINANCIAL STATEMENTS {ACCRUALS) FOR YEAR ENDED 31 OECEM8ER 2025 Balan¢0 Shéot as at 31st Docember 2025 2025 {£1 20241£) Flxed Assets Current Assats Debtors (Grft Claimable) Debtor5 (School Licence Fee) D8blors (Organ Grant) Barclays'PCC ACc￿nr 1,937 6,072 55,429 45,811 56,733 Current Llablllti Credrtors due wrthin ono year Income received in adV￿ce 3,225 3,225 Total A•s•ts L•s• Curr•nt Llabillti 55,751 55.625 Roprnuntod By unr88trlct￿ Fund• General Fund 55,751 55.625 Total of All Fund• 55.625 P15 ST MICHAELS & ALL ANGELS, LOWER SYDENHAM: FINANCIAL STATEMENTS IACCRUALS) FOR YEAR ENDED 310ECEM8ER 2025 Statomoiit of Financial A¢tivltio• for 2025 - summarising the three funds in SORP (Statement d RecxJmmend*J Practice) fomiat Unrnstrlct•d General Fund Rmtrlctad Total 2025 Total 2024 Income Voluntary Income Church Activiti88 Activities for Ge￿ratiT¥J FuThJs Investment income Cxher Income 14.086 212 46,9 14,086 16,558 212 532 46,WJ 42,432 1.116 1,116 15.561 Total Income 62,370 62.370 76,588 Ex ndltur• Church Activities C031 of Goneraling FuTrJs Other Expenditure 36,370 25,874 36.370 25.874 40,937 20,555 271 Total Exper•Jiture 62,244 62.244 61.763 Net Mov8menl In F￿￿9 bofore transfws 126 14,826 Tr•n$for$ botsvoon furKI$ Net Movement In F¢Jnds 126 14.826 Total Funds bro￿ht forward 55,625 85.625 40.799 Total Funds carr￿￿ forward 55,751 85,751 55,625 P16 ST MICHAELS & ALL ANGELS. LOWER SYDENHAM: HNANCIAL STATEMENTS {ACCRUALS) FOR YEAR ENDED 31 DECEMBER 2025 Goneral Fund {unr•strlctsd fund) - Income and Ex￿ndIture Income Voluntary Income Standing Order Grft Athb Slatvjing Order NC￿ Grft Aidab Env¢lope Schome Grft Abdablg Env&lope Sch&me Non Grft Aidab Loose Cash and Cheques in Collection Gift Aid Income Tax Re￿1Ve0 Charity Collections Just Giving Sumup Alc Other Voluntary Receipts 2025 {£) 20241£) 5.204 4.056 12 7.311 4,239 230 776 551 1.213 1,714 637 4CQ 14.086 552 3C 16.558 Church ActlvllS08 Foes for l￿ddiryjs and Funerals 212 532 Actlvltlm for G•n•rallng Funds Licence Fee for Land Occupied by S￿￿1 Rent for Use of the Church and Hall Unrform bantts Seventh Day Advenlisls I AM Church Inforn Palates Chris1 Apostolic Churth Eloile Family Ltd Goodtimes Simple Solution Homthvork CIL One off lettings 24.288 23.304 5.779 2,150 1.702 3.370 1.449 1.267 1,6￿+ 1.519 5,195 1CKJ 46,956 228 455 42.432 Inve8trnent Incom• CCLA Dep)$it Furtd Interest Other Incom• l Grants 1.116 Total Incom• 62,370 76. P17 ST MICHAELS & ALL ANGELS. LOWER SYDENHAM." FINANCIAL STATEMENTS (ACCRUALSI FOR YEAR ENDED 31 DECEMBER 2025 General Fund lunrestrlcted fund) - Incom• and Expendltur• Ex ndlture Church Actlvlllos Fairer Shares IDiocAsan Quota) Oioce5an Fees Donations lo Charrties Utilities Cleaning M8tenals In$uranc8 Repairs and Maintenance 20251£) 20241£) 18,(KM) 18,(KX) 352 73 14,095 11,OS9 2,747 4,883 40,937 3,764 36,370 Cost of G•noratlng Fund8 Salaries Cosl of Servi¢as Organist Honowia Catering Administr811c￿ Costs Equipment Professional Foes 10,014 4,443 3,735 537 180 3,652 120 5,290 1,881 20,555 25,874 Oth•r Exp•ndltur• 271 Total Expondlturn 62 244 61 763 Not 10￿Cl1Y5urP1ua for tha y••r General FuTrJ brc￿phI fcThiard Transfer from Building Furvj Genoral Fund carried forward 126 14,826 55,625 10,799 55,751 55,625 Bulldlng Fund {Re4trlct•d Fund) 20251£) 20241£} Building FurNJ brought forward Transfer lo General Fund Building Fund carried forward P18 Report by the Independent EumiDer on the accounts for St Michael & All Ange￿ Lower Sydenham, for the year ended 31M December 2025 The level of gross income O*ing less than £5(K).(KKI). and the SI￿ of the balance she¢L confirnj the PCC require an exami￿00 rather than a full audii of the turnover of the Team Ministy. This gives a better picture of the income receivable and the costs incuTred in the year. An understanding of the PCC'S 0TganisatiO￿ XCOUDting activities and nature of its &ssets, liabilities income and exprnditure was fmm a survey of th¢ accounting records and discussions with the tr￿uTer of St Michael's in Previous years. No failures were identified in ￿ accounting Tecords. An anal￿1￿] review of the financial statements was carried out to look for inconsislencies and unusual events in the year and compared to previous years. No unexpttted t1ucti￿10￿s were discover•J in the fll)ancial slalements beyond those due lo the pandemic. Enquiries did noi reveal any Fx)st balance sheet events which would have significant impxt on the fuwiciaj slal¢mcDts for the year. Figures in the financial statemthts were cross-referenced io and checked off against the accounting re￿rdS to confimi links Ettween the two. Tths were of the arithmetical ￿CuraCY of the financial sth*ments and the c&sh Ixx)k. It is pleasing to see an improvin8 fin￿￿la1 position in 2025. {￿gOing i￿}Me from rental income saw a healthy Increase. with a smaller Incre￿ in costs. Reservcs in the General Fund are alK)ve the recommended level for emergencies. Peter Stubbs Tre&surer St Bartholom¢w's Church