Charity number.. 1152011 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST ETHELDREDA WITH ST LUKE UNAUDITED PAROCHIAL CHURCH COUNCIL'S REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST ETHELOREDA WITH ST LUKE CONTENTS Page Reference and Administrative Details of tho Church. its Parochial Church Council and Advisers Parochial Church Council's Report Independent Examiner's Report Statement of Flnanclal Actlvltles Balance Sheet 10 Notes to the Financial Statements
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST ETHELOREDA WITH ST LUKE REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHURCH, ITS PAROCHIAL CHURCH COUNCIL AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2025 Elected Members Linda Barnard, Secretary- C(opted Robin Caiile Andrew Dorrington Michelle Jervis Christopher Stratton John Mark Ainsley OBE Alison Churchouse Mark Jackson Thomas Walle Malcom Caie Elizabeth Fisher Marylyn McLaren Grant Robertson Alex Gray Richard Pitt Kathleen Arnold (since 11 th May 20251 Naomi Porter (since 11th May 20251 Charity registered number 1152011 Principal office The Parish Office 1 Goodrich House Fore Street Hattield Herts AL9 SAH Clergy Ex Officio members Team Rector- Rev. Canon Darren V. Collins (Chairman) Curate - Rev Indira Broschat Reader- John Barnard Reader- Mary Rathbone Churchwardens: Malcom Caie (Vice Chairman) John Mark Ainsley Independent examiner Kathryn Edmands FCA MHA Chartered Accounlanls 6th Floor 2 London Wall Place London EC2Y SAU Deanery synod exff¢10 Linda Barnard (Secretary lo PCCI members Alison Churchouse Robin Cattle Page 1
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST ETHELOREDA WITH ST LUKE REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHURCH, ITS PAROCHIAL CHURCH COUNCIL AND ADVISERS ICONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2025 Parlsh Clerk Parish Treasurer Nicola Shilton Christopher Stratton FCA CTA TEP Page 2
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST ETHELOREDA WITH ST LUKE PAROCHIAL CHURCH COUNCIL'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Parochial Church Council of Bishop's Hatfield presents its report and the financial statements for the year ended 31 st December 2025. The legal and administrative details, as sel out on page 1, form part of this report. The Parish consists of two churches, Sl. Etheldreda Ilhe Parish Church) and SL Luke, together entitled The Ecclesiastical Parish of Bishop's Hatfield St. Etheldreda with St. Luke.. Objgctives and activities a. Policies and objoctives Aims & Purpose To maintain and carry out the best traditions of the Church of England in serving God and the town of Hatfield and with responsibilities lo our Diocese of St Albans and the wider Anglican communion. Particular priorities are lo continue growing our work with families and young people. supported through a regular Sunday School, as well as embarking on a building programme lo make St Etheldreda's Church more adaptable and user-friendly, reconfiguring the west-end to include toilet and new kitchen facilities - detailed plans have been drawn up and inib.al fundraising has progressed. Similar plans for St Luke's facilities are at an early stsge. Objectives The aim of the Parochial Church Council is to enable ordinary people lo live out their faith as part of the parish community through worship and prayer and the provision of pastoral care for people living in the Parish, as well as missionary and outreach work, while expanding the present congregations to include newcomers lo Hatfield. The PCC continually monitors its Mission Action Plan, discerning God's priorities for our community, with a focus on mission enablement and improved communication across the community. In setting objectives and planning for activities, the Parochial Church Council have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running a charity IPB21'. Organisation structure and management 2025 The Parochial Church Council exercises its full and legal responsibilities to the Parish, and it receives reports on Finance, Propety, Safeguarding and from other sub-committees. 11 is also responsible for the nomination of governors to the Countess Anne Church of England Primary Academy. There were six meetings and one special meetings of the Parochial Church Council with an average attendance of 85.50/0. Page 3
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST ETHELOREDA WITH ST LUKE PAROCHIAL CHURCH COUNCIL'S REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Flnanclal revlew a. Golng concem After making appropriate enquiries, the Parochial Church Council have a reasonable expectation that the Church has adequate resour$ lo continue In operational existence for the foreseeable future. For this reason, they continue lo adopt the going conTrrn basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. The financial statements have been prepared on a going concem basis as the Trustees believe that whilst some uncertainties exist, these do not represent material uncertainties. There have been some generous one- off donations including those lo the Pastoral Fund to provide support for community members facing financial hardship. The Statement of Financial Activities shows that the income exTreded the expenditure by £16,119 12024 £27,034). £42,958 12024 £19,4241 net of expenses was raised for designated fund purposes. Despite favourable stock market conditions during the year, unrealised market value losses were incurred on Investments held in the designated and restricted funds, reducing the nel movement In funds by £5,87812024 - gains £3,283). Although the financial position appears sound, we are facing increasing costs on the day to day running of the churches. The charity's investments are held through CCLA investment funds, the investment management of which transferred lo Jupiter Investment ManagemenL During the year, the investment portfolio experienced a reduction In market value, and the PCC continues to monitor Investment performance and review the appropriateness of the current investment arrangements. b. Reserves pollcy There is a rolling programme to undertake the essential maintenance of the parish properties and any reserves that exist are held for that purpose. As a result of quinquennial inspections in 2020 a programme of repairs to the Parish Church and Sl Luke's required over the next five years was identified, the most urgent of these were carried out during 2020. Structure, govemance and management a. Electoral Roll 93 parishioners were on the Electoral Roll at 31st December 2025. Achiovements and performancg Both churches, through services and a wide variety of community events, have engaged with the mission of the church and in embracing the Bishop's initiative 'Living God's Love Page 4
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST ETHELOREDA WITH ST LUKE PAROCHIAL CHURCH COUNCIL'S REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Deanery Synod Three members of the Parochial Church Council sil on the deanery synod. This enables the Parochial Church Council lo have an insight into matters affecting other Parochial Church Councils in the Deanery and the wider church. During the year the Synod had three talks, one on the "Single Friendly churches, a talk on RESOLVE, a charity dealing with those who have addictions, and also a talk about Mothers as agents of conversation in the earty church. Reverend Canon Darren Collins is Rural Dean. Public Benefit The Parochial Church Council's charitable objects are for the advancement of religion, which Is recognised as a charitable purpose having public benefit. All regular public worship In the two churches is provided free of charge and Is open lo all. St Elheldreda's is open Tuesday-sunday during the period when Hatfield House is open to the public, usually from Easter to September. St Luke's is regulady open at weekends. Clergy, Readers and staff regularly attend the Countess Anne Church of England Primary Academy and services are also held for the eldedy residents at Sl Audrey's residential home. Donations are made lo charities with both domestic and overseas objectives. Mlsslon & Evangellsm Our parish magazine "Refocused is delivered free to the majority of households within the parish In Hatfield. Church services are held every Sunday moming at the two churches. A Sunday School is run in conjunction with the 9.30 a.m. Sunday service in the Parish Church and once a month the main Sunday service in the Parish Church has a focus on families. Weekday services are held on Tuesdays, Wednesdays and Thursdays {Twol and Fridays at SL Elheldreda's, and on Wednesdays at St Luke's. Risk mitigation policy The Parochial Church Council Continues to keep under review any major risks arising from or impacting on ils activities. The Parochial Church Council has an appointed Parish Safeguarding Officer and deputy, who have a particular focus on policies relating to children and vulnerable adults, and considers the systems In place to mitigate such risks as have been ascertained to be adequate in normal circumstances. Page 5
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST ETHELOREDA WITH ST LUKE PAROCHIAL CHURCH COUNCIL'S REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Statement of Parochlal Church Councll's responslbllltles The Parochial Church Council are responsible for preparing the Parochial Church Council's Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Praclicel. The law applicable lo charities in England & Wales requires the Parochial Church Council to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Church and of ils Incoming resources and application of resources, including Ils income and expenditure, for that period. In preparing these financial statements, the Parochial Church Council are required lo.. select suitable accounting policies and then apply them consislenlly., observe the methods and principles of the Charities SORP IFRS 1021., make judgements and accounting estimates that are reasonable and prudent., stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material departures disclosed and explained in the financial statements", prepare the financial statements on the going concern basis unless il is inappropriate to presume that the Church will continue in business. The Parochial Church Council are responsible for keeping adequate accounting records that are sufficient lo show and explain the Church's transactions and disclose with reasonable accuracy at any lime the financial position of the Church and enable them to ensure that the financial slalements comply with the Charities Act 2011, the Charity IAccounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 6
niF PAROCHIAL CHURCH COUNCIL OF THE eccLESIASTICAL PARISH OF BISHOP'S HATFELD ST EfHELDREDA WITfrf ST LUKE PAROCHIAL CHURCH COUNCIL'S REPORT ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2026 StxtAmont fAf Parnphlxl ChiirJfx ropon8ibillil•$ ICONTINUEDI Approved by order of the members of the IMTd of Parcthial Church Coun¢ll and si0ed on their behalf by, on V. Colllns Rector Date.. JLF -ffl Pag& 7
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST ETHELDREDA WITH ST LUKE INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Independent Examinerfs Report to the Parochial Church Council of THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST ETHELDREDA WH ST LUKE Ilhè Church'l I report lo th& charity Paiochial Ghurch Council on my examination of the a¢xounts of the Church for the year ended 31 December 2025. Responsibilities and Basis of Report As thè Parochial Church Council of the Church you a responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'lhe 2011 Act'l. I report in respect of my examinab'on of the Church's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under se¢lion 14515llbl of the 2011 A¢L Independent Examinerf8 Ststement Your attention is drawn to the fact that the Church has prepared the accounts in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Stsndard applicable In the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2D05 which is referred to in the extant regulats'ons but has been withdrawn. l understand that this has been done in order for the aGGounts lo provide a Itue and lair view in accordan¢e wi the Generalty Apted Accounting Practice effective lor reporting periods beginning on or after 1 January 2015. I have Mpleted my examination. l ¢onfimi that no matters have come lo my attention in ¢onne¢tion with the ex8min8b.on giving me cause lo believe that in any material respect". accounting records were not kept In respect of the Church as required by section 130 of the 2011 Act., or the accounts do not accord wrth those records". or the accounts do not comply with the applicable requirements cone8rning the form and content ol accounts sel out in the Charits"es IAccounls and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection wrth the examinab'on to which attention should be drawn in this report in order to enable a proper understanding of the a¢Unts to be leached. Signed". Kathryn Edmands MHA 6th Floor. 2 London Wall Place London, EC2Y SAU Dated.. 29 May 2026 Page 8
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST ETHELOREDA WITH ST LUKE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 Unrestricted funds 2025 Restricted funds 2025 Total funds 2025 Total funds 2024 Note Income from: Donations and collections Other trading activities Investments 169,191 16.974 6.771 10,963 597 3.351 180,154 17.571 10.122 137,702 28,535 9,466 Total income 192,936 14,911 207,847 175, 703 Expenditure on: Raising funds Charitable activities 15.672 175,892 15.672 176,056 6, 792 141,877 164 Total expenditure 191,564 164 191,728 148,669 Net income before net Ilossesllgains on investments 1.372 13,0521 14.747 12,8261 16,119 15,8781 27,034 3,283 Nel Ilossesllgains on investments Net lexpenditurellincome Transfers belmeen funds 11.6801 11.921 10.241 30,317 (63,527) 16 Net movement in funds 11,6801 11,921 10,241 (33,210) Reconciliation of funds.. Total funds brought forward Nel movement in funds 347.747 11.6801 702.385 11.921 1,050.132 10.241 7,083,342 (33,210) Total funds carried forward 346,067 714,306 1,060,373 7,050, 132 Page 9
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST ETHELDREDAwrrH BT LUKE BALANCE SHEET AS AT 31 DECEM8ER 2025 2025 2025 2024 2024 Flx•d aslèts Tangible assets Curr•nt assels 12 820,425 627,925 Debtors Investments Cash at bank and in hand 13 14 30.276 141.945 286,241 147,607 253,287 434382 Curr•nt Ilabllltl•s Crgdltors.. amounts laMlrvJ dug one 15 110,5141 (13,tYJ) Net current asset• 439.948 d22,207 Total not assotB i.aÉtt.373 1.05a 132 Charifylund$ Restrkted lunds Untssthet8d fund8 16 16 714,306 34Q067 702,385 347,747 Total lund$ 1,060,373 7,05Q.132 The flnancial statements were approved and authori$*l for issue by the Parcthial Church thjncil and dgned on Ihoirbthay by. R#¥. C•non Darr V. Colllns Rector Dat8. XL stophor Stratton Trvasurer Thè notss or7 P8ses 11 to 29 fomi part of these fjnanci81 ststernents. Pagg 10
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST ETHELOREDA WITH ST LUKE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Ggnoral information The Parochial Church Council of the Ecclesiastical Parish of Bishop's Hatfield Sl Elheldreda with St Luke Is a registered charity with the Charity Commission (Charity Registered Number.. 11520111 in England and Wales. The address of the registered office is given in the Church information on page 1 of these financial slalements. The nature of the Church's operations and principal activities is detailed in the Church Council's Report. Accounting policios 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities". Statement of Recommended Practice applicable lo charities preparing their accounts in aceordanee with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Aet 2011. The Parochial Church Council of the Ecclesiastical Parish of Bishop's Hatfield St Etheldreda with St Luke meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise slated in the relevant accounting policy. The presentational and funetional currency of the Church is pound sterling and these financial statements are rounded to the nearest pound. These accounts comprise an aggregation of the separate annual accounts for St Etheldreda, St Luke, the Parochial Church Council Central Fund, the Flower Fund, the Memorial Hall. All intm-parish transactions are eliminated. 2.2 Going concern The Parochial Church Council considers that there are no material uncertainties about the Charity s ability to continue as a going concern. The financial statements have been prepared on a going concern basis as the Trustees believe that whilst some uncertainties exist, these do not represent material uncertainties. The projected income and expenditure is sufficient with the level of SerVeS for the Charity to be able lo continue as a going concern. Page11
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST ETHELOREDA WITH ST LUKE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policios Icontinuedl 2.3 Income All income is recognised once the Church has entitlement to the income, it is probable that the income will be received and the amount of Income receivable can be measured reliably. All incoming resources are accounted for gross. Planned giving - collections & donations are recognised when received., Indirect giving lax refunds are accrued., Grants & legacies are accounted for when the Church is legally entitled lo them., Dividends are accounted for when re1vable and the Interest is accrued., and All other income is recognised when it Is receivable. 2.4 Expenditure All expenditure is accounted for on an accruals basis. Expenditure is recognised once there is a legal or conslruclive obligation to transfer economic benefit to a third party, Il Is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity- The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute lo more than one activity and support Costs which are not allributable lo a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of lime spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activities is incurred on direcdy undertaking the activities which further the Church's objectives, as well as any associated support costs. The Parish Share is paid regularly and is Included in expenditure for the year to which it relates. Grants from the unreslricled fund (including donations to missions) are recognised when determined by the Parochial Church Council. Amounts received specifically for missions are dealt with as restricted funds and the liability for payment recnISed on the receipt of the funds. All other expenditure is recognised when it Is incurred. All expenditure is inclusive of irrecoverable VAT. 2.5 Payments to Church Council Members and related party transactions No fixed expenses were paid lo Parochial Church Council Members lexTrpt lo the clergy) but they may be reimbursed insignificant amounts relating to their duties as members of the Parochial Church Council. There were no related or connected party transactions other than disclosed above. 2.6 Taxation The Church is exempt from taxation on its charitsble activities. Expenditure disclosed in the accounts includes Value Added Tax where applicable. Page 12
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST ETHELOREDA WITH ST LUKE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policios Icontinuedl 2.7 Tangible fixed assets and depreciation Consecrated ro Churches, churchyards and vicarages are vested in the Represented Body of the Church of England., such property forms no part of the assets of the Church. Church contents require a faculty for disposal and are considered lo be inalienable property- They are generalty recognised lo be of an historic nature, so valuation is impractical and therefore they are not recognised on the Balance Sheet. Expenditure incurred on churches, conlenls, churchyards and vicarages is written off when incurred. Unconsecraled ro The existing unconsecrated buildings are included in the financial statements at cosL The balance represents the Church's 55,/0 interest in the freehold of the Lord William Cecil Memorial Hall. No depreciation has been charged on the propety as the trustees consider that the estimated recoverable amount and residual value exed the carrying value of the asset and therefore any depreciation charge would be immaterial. All other tan Ible fixed assets Tangible fixed assets are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised al cost. After recognition, under the cost model, tangible fixed assets are measured al cost less accumulated depreciation and any accumulated impairment losses. All costs incurred lo bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straighl-line method. Depreciation is provided on the following basis.. Equipment 10 years 2.8 Debtors Trade and other debtors are recognised al the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Page 13
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST ETHELOREDA WITH ST LUKE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policios Icontinuedl 2.9 Current asset investments Current asset investments are a form of financial instrument and are initially recognised al their transaction cost and subsequently measured at fair value using the closing quoted market price. All gains and losses are taken lo the Statement of Financial Activities as they arise. The Stslement of Financial Activities includes the nel gains and losses arising on revaluations and disposals throughout the year. As investments are revalued to fair value continually, no realised gains or losses arise. 2.10 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid Investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.11 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in setuement, and the amount of the selllemenl can be estimated reliably. Liabilities are recognised at the amount that the Church anticipates It will pay lo settle the debt or the amount il has reiVed as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required lo settle the obligation. Where the effect of the lime value of money Is material, the provision is based on the present value of those amounts, discounted at the pre-tsx discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost. 2.12 Financial instrumonts The Church does not have a material holding in complex financial instruments. The Church only holds basic Financial Inslrumenls. The financial assets and financial liabilities of the Church are as follows.. Debtors- trade and other debtors (including accrued income) are basic financial Instruments and are debt instruments measured at amortised cost as detailed in Note 13. Prepayments are not financial instruments. Cash at bank- is classified as a basic financial instrument and is measured at face value. trade creditors, accruals and other creditors will be classified as financial instruments, and are measured at amortlsed cost as detailed in Note 15. Taxation and social security are not included in the financial instruments disclosure. Deferred income is not deemed lo be a financial liability, as the cash selllemenl has already taken place and there is simply an obligation lo deliver charitable services rather than Cash or another financial inslrumenL Page 14
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST ETHELOREDA WITH ST LUKE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policios Icontinuedl 2.13 Fund accounting General funds are unreslricled funds which are available for use al the discretion of the Parochial Church Council In furtherance of the general objectives of the Church and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Parochial Church Council for particular purposes. The aim and use of each designated fund is set out in the notes lo the financial slatemenls. Restricted funds are funds which are to be used in accordanTr with specific reslriclions imposed by donors or which have been raised by the Church for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund Is set out In the notes lo the financial slalements. Due lo the passage of lime the present members of the Parochial Church Council do not have full knowledge of the terms of certain funds and In the absen of full information the funds have been treated as Restricted, Designated or Unreslricled according lo the best information currently available. Investment Income, gains and losses are allocated lo the appropriate fund. Page 15
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST ETHELOREDA WITH ST LUKE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Income from donations and colloctions Unrestricted funds 2025 Restricted funds 2025 Total funds 2025 Donations 151,174 17,347 670 10,770 193 161.944 17,540 670 Gift Aid Grants Totsl 2025 169,191 10,963 180.154 Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Donations Gift Aid 75,595 13,011 46,702 2,394 122,297 75,405 Total 2024 88,606 49,096 137,702 Page 16
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST ETHELOREDA WITH ST LUKE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Income from other trading activities Income from fundraising events Unrestricted funds 2025 Restricted tunds 2025 Total funds 2025 Aclivits'es Fees 3,177 9,722 1,425 2,650 597 3.774 9,722 1,425 2.650 Filming, lettings and rent STEPS and Refocused Total 2025 16,974 597 17,571 unStrICted funds 2024 Total funds 2024 Aclivits'es 1,906 5,651 17,900 3,078 1,906 5,651 17,900 3,078 Fees Filming, lettings and rent STEPS and Refocused Total 2024 28,535 28,535 Page 17
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST ETHELOREDA WITH ST LUKE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Income from investments Unrestricted funds 2025 Restricted funds 2025 Total funds 2025 Dividend income receivable Interest income receivable 2,121 4,650 1,926 1,425 4.047 6,075 Totsl 2025 6,771 3,351 10.122 Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Dividend income receivable Interest income receivable 2,072 4,860 1,878 656 3,950 5,516 Total 2024 6,932 2,534 9,466 Page 18
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST ETHELOREDA WITH ST LUKE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Analysis of expendituro on raising funds - by fund Unrestricted funds 2025 Total funds 2025 Mission giving Flowers Printing and Refoeussed costs 11,305 60 4,307 11.305 60 4,307 Total 2025 15,672 15.672 Unrestricted funds 2024 Total funds 2024 Mission giving Flowers Printing and Refocussed costs 2,417 713 2,417 713 3,662 3,662 Total 2024 6, 792 6, 792 Analysis of expenditure on charitsble activities- by fund Summary by fund type Unrestricted Restricted funds funds 2025 2025 Totsl 2025 Church Ministry Clergy Expenses Church l Hall Running Expenses Professional Fees- West End Church l Hall Ulilily Bills 70,736 8,277 50,501 28,746 17,632 70.736 8,277 50,665 28.746 17.632 184 175,892 184 176,056 Page 19
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST ETHELOREDA WITH ST LUKE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Analysis of expendituro on charitsble activitios- by fund Icontinuedl Summary by fund type lcontinuedl Unrestricted funds 2024 Restricted funds 2024 Total 2024 Church Ministry Clergy Expenses Church l Hall Running Expenses Church l Hall Utility Bills 66,320 12,504 46,122 15,450 66,320 12,504 4T,603 15,450 7,481 140,396 1,481 141,877 Analysis of expenditure on charitable activities- by type Activities undertaken directly 2025 Support costs Total funds 2025 2025 Church Ministry Clergy Expenses Church l Hall Running Expenses Professional Fees- West End Church l Hall Ulilily Bills 70,736 8,277 70.736 8,277 50,665 28,746 17.632 50,685 28,748 17,632 125,391 50,665 176,056 Page 20
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST ETHELOREDA WITH ST LUKE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Analysis of expendituro on charitsble activitios- by typo {continuod) Activities undertaken direGIIy 2024 Support Gosts 2024 Total funds 2024 Church Ministry Clergy Expenses Church l Hall Running Expenses Church l Hall Utility Bills 66,320 12,504 66,320 12,504 4T,603 15,450 47,603 15,450 94,274 47,603 141,877 Analysis of support costs Church I Hall Running Expenses 2025 Total funds 2025 Depreciation Administration Insurance Organists l Director of Music Repairs Services costs 7,500 11,682 6,290 9,046 5,569 3,547 1,450 5,581 7.500 11,682 6,290 9.046 5.569 3,547 1,450 5,581 Direct costs Choirlmusic Cost 50,665 50,665 Page 21
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST ETHELOREDA WITH ST LUKE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Analysis of expendituro on charitsble activitios- by typo {continuod) Analysis of support costs Icontinuedl Church /Hall Running Expenses 2024 Total funds 2024 Depreciation Administration 7,500 11,661 5,027 12,270 4,247 1,827 840 7,500 11,661 5,027 12,270 4,247 1,827 840 Insurance Organists l Director of Music Repairs Services costs Direct costs Choirlmusic cost 4,231 4,231 47,603 47,603 Stsff costs A totsl of £9,04612024 - £12,270) was paid to the Director of Music and other visiting organists. 10. Independent examiner's remuneration In both the current and prior year, no payment was made lo the Independent Examiner, who donated their lime and expertise. Page 22
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST ETHELOREDA WITH ST LUKE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 11. Parochial Church Council's romuneration and exponsos During the year, no Parochial Church Council received any remuneration or other benefits (2024- £NIL). During the year ended 31 December 2025, no Member expenses have been incurred (2024 - £NIL). 12. Tangible fixed assets Unconsecrated property Equlpment Total Cost or valuation At 1 January 2025 558,250 77,375 635,625 At 31 December 2025 558,250 77,375 635,625 Depreeiation At 1 January 2025 Charge for the year 7.700 7.500 7.700 7.500 At 31 December 2025 15,200 15,200 Net book value At 31 December 2025 558.250 62.175 620,425 At 31 December 2024 558,250 69,675 627,925 13. Debtors 2025 2024 Due wlthln one year Gift aid repayments Other debtors Prepayments 16,531 11.715 2.030 23,346 8,848 2,300 30,276 34,494 Page 23
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST ETHELOREDA WITH ST LUKE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 14. Current asset investmonts 2025 2024 Listed investments 141,945 147,607 15. Creditors: Amounts falling due within one year 2025 2024 Fees to Diocese Other creditors Accruals and deferred income 10,638 8,796 4,379 7.876 18,514 13,175 Page 24
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST ETHELOREDA WITH ST LUKE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 16. ststgmgnt offunds ststgmgnt offunds- currentyear Balance at 31 Decgmber 2025 Balance at 1 January 2025 Transfers inlout Gainsl (Losses) Income Expenditure Unrestrlcted funds Designated funds Arts Promotion Capital Fund IMHI 2,752 47 2,799 24,529 1.454 1,810 978 2,670} 11,120} 22,549 2.432 Choir Choral Scholarship Investments 4.470 40,069 25,954 27,031 731 77 4,547 46,402 27,745 27.498 744 8,265 11,932) Legacies Restoration 1,791 467 Training West End Appeal Youth Work 13 97,141 9,368 62,950 162 {28,745) 131,346 9,530 Cecil Pastoral fund Choral Outreach 30,566 1.155 12.378 20 16,499} 36.445 1.175 265,220 80,693 137,914) 8,265 3,052) 313,212 General funds General Funds - all funds 82,527 112,243 1153,650) 18,2651 32,855 Total Unrestricted funds 347,747 192,936 1191,564) 13,052) 346,067 Page 25
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST ETHELOREDA WITH ST LUKE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 16. ststgmgnt offunds Icontinuedl Restricted funds Buildings Bells Grave Trusts Music Investments St. Audrey's Organ 558,250 7,369 33.823 66 185 53,181 49,511 558,250 7,497 33.499 1.288 178 53,048 60.546 128 724 11.048} 1.386 {164} 17) 1,771} 1,638 11.035 702,385 14,911 {164} 12,826} 714,306 Total of funds 1,050,132 207,847 1191,728} 5,878} 1,060,373 Page 26
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST ETHELOREDA WITH ST LUKE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 16. ststgmgnt offunds Icontinuedl ststgmgnt offunds- prioryear Balan at 31 December 2024 Salance al 1 January 2024 TTrnsfers in/out Gains/ (Losses) Income Expenditure Unrestrlcted funds Designated funds Arts Promotion Capital Fund IMHI 2,690 62 2, 752 65,170 682 760 27,145 (62,546) 24,529 1,454 Choir Choral Scholarship Investments 772 4,643 40,069 24,083 26,418 714 108 (281) 4,470 40,069 25,954 27,031 731 Legacies Restoration 1,877 613 Training West End Appeal Youth Work 17 101,856 9,155 3,685 213 (8,400J 97,141 9,368 Cecil Pastoral fund Choral Outreach 30,192 3,670 12,988 85 (12,614) (2,600) 30,566 1,155 309,342 21,174 (2, 150) (62,546) 265,220 General funds General Funds - all funds 123,339 102,899 (144,438J (981) 1, 708 82,527 Total Unrestricted funds 432,681 124,073 (147, 188J (63,527) 1, 708 347,747 Page 27
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST ETHELOREDA WITH ST LUKE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 16. ststgmgnt offunds Icontinuedl Restricted funds Buildings Bells Grave Trusts Music Investments St. Audrey's Organ 558,250 7,198 32,536 299 181 50,580 1,617 558,250 7,369 33,823 66 185 53,181 49,511 171 707 1,248 580 (1,481) 1,610 47,894 991 650,661 51,630 (1,481) 1,575 702,385 Total of funds 1,083,342 175, 703 (148,669J (63,527) 3,283 1,050, 132 General funds are unreslricled funds which are available for use al the discretion of the Parochial Church Council in furtherance of the general objectives of the Church and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Parichial Church Council for particular purposes. Reslricled funds are funds which are lo be used in accordance with specific reslriclions imposed by donors or which have been raised by the Church for particular purposes. The costs of raising and administering such funds are charged against the specific fund. Page 28
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S HATFIELD ST ETHELOREDA WITH ST LUKE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 17. Analysis of net assots between funds Analysis of net assots between funds - current year Unrestricted funds 2025 Restricted funds 2025 Total funds 2025 Tangible fixed assets Current assets Creditors due within one year 620,425 93,881 620.425 458,462 118,5141 364,581 118,5141 Totsl 346,067 714,306 1,060.373 Analysis of net assets betsveen funds - prior year Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year 627,925 74,460 627,925 435,382 (13, 175) 360,922 (13, 175) Total 347,747 702,385 I,Q50, 132 18. Related party tran$aetions Other than the transactions disclosed in Note 11, there have been no related party transactions in either the current or prior year. Page 29