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 ex￿ff¢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 Chii*rJfx ro*pon8ibillil•$ ICONTINUEDI
Approved by order of the members of the IMTd of Parcthial Church Coun¢ll and si0￿ed 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 W￿H
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 A￿pted 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 re￿1vable 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 rec￿nISed 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 ex￿ed 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 re￿iVed 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
un￿StrICted
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