Charlty number: 1161347 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY-AT-HILL, ST ANDREW HUBBARD, ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY BILLINGSGATE UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 RPG Crouch Chapman LLP Chartered Accounianls & Slatulory Audllor 40 Gr8cech¥Jr¢h Slreel London EC3V OBT
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARYAT-HILL ST ANDREW HUBBARD. ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY BILLINGSGATE CONTENTS Page R¢f•ronce and admln15tratlve dotalls of Ihe Church. It8 Tru8te•s and advl$•rs Trustees, report TruBtse5' rgsponslbOIItI•8 Stat•mont Ind•pgndont •xamln•rf¥ r•port Slatom•nt of Ilnanclal •Gtlvltl Balonce sheet 10 Notes to the flnancial stat•m•nt$
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY-AT-HILL, 8T ANDREW HUBBARD, ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY BILLINGSGATE REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHURCH, ITS TRUSTEES AMD ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2025 Trustee Linda Foster. Honorary Secretary John Hughesdon, ChurchwaTden Roy Humphrey, Honor8ry TT&asurer Laurence Tafgel, ChurchwaTden Helen Chapman (appointed 12 May 20251 Graham Mundy Robert Mingay-smllh. Treasur8r Rt Revd Davkj Urquhart. ASsisnI Priesl Rl Nicol Wendy Klnrade. Reclor IBppointed 12 January 2025 Charlty roglstoY•d number 1161347 Pilnclpal offlc• Sl MaAt-HI11 Chur Loval Lane E851ch8ap London EC3R 8EE Bank•rs CAF B8nk Limlled 25 Klngs Hlll Avenue Wesl Malllng Kent ME194JQ Paga 1
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY44T-HILL. ST ANDREW HUBBARD, ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY BILLINGSGATE TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 TRUSTEE REPORTS Alms and Purp¢sè8 The Parachlal Church Counicl of thè Eccl88iastical Parish of Sl Mary At Hlll. Sl Andrew Hubbard, Sl Ge9 Boloph Lano and Sl Bololph by Billingssale I'SI Mary-at-Hill PCC") has the re5POn5ibilily of co-operating with the Incumbent in profflolSng the Who mlssion of the church %1 the parfsh, as wèll a8 carlno for its trwjildlngs and rinances. The Parochial Church Council IPCC} is registed wilh thè Charily Commission as Charlly No. 1161347 and has prepared accounts in accordance with the Slalemenl of Recommended Practlce applicable to ¢hari158s prepariNJ thelr accounts In accordan with the Fknanclal R8POrtlng S18ndard 102. ObJ•ctlY•s and actlvStl8s The PCC 15 commirted to enobling gs many p80ple a8 PO8slbl8 lo worshlp al our chufch and lo bècome part of our parish communlty al Sl Mary-al-Hlll. Th8 PCC m8lnlalns an ovèrvlgw of worshlp Ihroughoul the PBdsh. When plannlng our aclivitSes for the y8ar, th8 PCC have con8ldered the Charily Commission's giiidanc8 on pybllc benelll and, Sn partl¢ular. Ihe 8pe¢ific guldanc8 on charilies for th? advancement of religion. We try lo enable ordinary people lo live out th81r faith &s part of our parish Gommunhty IhrcNJuh worshlp and pr8y8r. p8slor81 CBTe and mlsslon and communSty involvement. As part of thi8 work il IB Important io mainlaln th8 labrlc of Ihe bulldlng. AchS•vements and P•rforn)an¢• A8$l$tant Prlgst R•port Sl Mary-al-Hlll Church cijnllrbued to be a place of Sund8y wor8hSp for Ihe Lulheran Church In Great Brllaln, Monday mldday Anglic8n EuchBr181. and a de range of muslcal and communlly events. The Annual Fish Harvest Service on the gècond Sunday In October, was well Supported by flshmongers, clvlc leaders, and local charllles, Including th& Billlngsgale Ward Club. Alderwnen and Common Counclllors, Llverles, the Queen Vlclorla Sealar8r8' Rest, and th8 Royal Soclety for Bllnd Chlldren. In September, a full programme durlng Herltage Open Day. brought 8 wlde range of acllvilies and vl8ilors. Wednesday lunchtime recitals from th8 Gulldh811 CollegD of Muslc and Drama w&r8 hold durlng lerm-Ilm8. Occaslon81 offices such as a weddlng and pray8rs befor8 scallerlny of 8shg9 on the Rlver Tham88, ware appfeciatsd. Recruilmenl of talented and enlhusiasllc Evgnl Hosts Improved the managem8nl and securily of hirlng the church. The arrlval of Revd Nicol Kinrade, as Vlcar of All HBllows by the Tower and Rector of Sl Mary-al-Hill brought new energy and delerminalion lo the parfsh. The Rector has come ak)ngside our Ailminislralor and PCC Secretary who work relentlessly, with very limited resources, in 811 aspects of Ihe church and community. Further efforts hav& storted lo na down the pollcy lo be adopted for resolvlrvJ the f818 of stor8d historic loinBry, remnants ofth8 1988 ftre. Thls Is part of a ranawed vision and financial plan for Sl M8ry41-Hill which is being discussed 8nd promoted In 2026. The Rt Revd D•vtd Urquhart Assistant Pri881, St M8ry-al-Hlll Pag8 2
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY-AT-HILL, ST ANDREW HUBBARD. ST GEORGE BOTOLPH LANE ANO ST BOTOLPH BY BILLINGSGATE TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 PCC Report The PCC met rive Lirnes during Ihe yeBr. Most meetings deall with general concerns relalffig to finances and arrangemènts for bookk88ping and a particular problem with the church eleclflcs. which had to be renewed. Wilh the Inlroducllon of Event Hosts lo asslsl wlih letlings Ihere was renewed 8Ctivity Ir) ihe church and member5 explored th8 possibllily of developing a café in the n8rth8x lo encourage visilor5 to slay longer lo engage with and 8ppreci8le the building. Thls Idea was lurlher explored wSlh a poTrup calè sel up al Open House weekend ond also al tho Chrlslmas Folr. Following th& produclloft of a delalled Sl8lemenl ol Slgnillcance relaling to Ihe future ol the historlc lolnery, disGus5ions moved lo developing a Slal¢menl ol Need lor the church bLtildSng, the PCC conlimed retenlion ol our v81u8d archltecls Coroe Afchileclur8 Ltd for futur8 work. We are particularly graleful lo Oliver Caroe arKi Alanah Honey for their conlinued oversighl ol Ihi5 hislorlc Wren church. As part ol ongoing Improvemonls. an acc035 audit was ¢ommls8ioned to look al how Ih15 aspecl mlght be improved for visitors and Staff. 2025 saw Sl Maat.HI11.s involv8menl In the Square MSle Churches Project. Thi5 major piecè of work lor Ihe City churches undertook to produce a Framework Conservation Plan alongslde Bn Outline Buslnes8 and Community Dèv8lopmenl Plan lor eath of Ihe Clly churthes. In addllion, the PCC undertook to develop its own plans for 8 new phase of rn18slon and minlslry for the church. Thls planning 18 ongolng. Llnda Fosler PCC S&cre18ry Admlnlstrator's Riport 2025 has b8en 8 plvolal yeBf for si M8ry.8t.Hlll. Increased 8cllvlty has hlghllghted both the polenllal of the church and the limliatiuns of lh8 current operallonal model. Buildlng on Ihe foundallon518ld in 2024. the focus h85 shlfted from gstabllshing sy8tem81o addssIng long-lemi suslalnabllily. Day.lo.day OP8Tallon8 have become more slruclured. wllh Improvements to booking 8yslems, financlal process&s. and communicallon. Al tho Same lim8. increased actlvlty has plactrd 8lgnifi¢anl Pressure on capaclty, and the current model, r91ianl on a SMAII number of indlvlduals, has reached118 praGtical limits. The church continu85 to support a wlde range ol u8e5, including worship, muslc. civic engagemenl, and private hlre. Howgv8r, not all bookings are financi811y or operalion811y suslainablo. with smaller liires often requlring dlsproportlonale input. Work has Ih8relore begun lo reposition Ihe use ol the buildlng towards fewer. hlgher- value evenls. supporte4J by clearer priclng and slalfing slruclures. Tho inlroductlon ol freelance Events Hosts has improved dolivery and reduced reliance on a single point of Liversighl. The arrival of the Revd Nicol Kinrade in January 2025 has bTought renowed focus. Portlcularly In re181ion lo financl81 planning and Ihe future ol the joinery. As Ihis work pragresses,11 has become ¢lear th81 a more aclive and slruclured operational model will be requirèd going fopNaTd. Financial Processes have impToved, with bookkeeping now lully eslabllshe(J in Xero and supported by 8xmal 8ccounlanls. The need for clarifying Toles and eslablishing active financial leadership is now 8 prillY. The buiwing continues to requlre ongoing attenllon. a Goordinaled mainlenan¢e plan alongslde a funding stralegy wll be essenllal. Eng8gemenl vmlh exl8rnal pathers has gft)wn, presentsng opportunities for future deveiopmgnl. Laurens Dekker P8rish Adminislrator Pagg 3
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY.AT+IILL, ST ANDREW HUBBARD. ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY BILLINGSGATE TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Musl¢ Report Live Music The year, our Llve Mu8lc Serles continued, and we af? collaborating wilh students from other muslc conserv8lolres In London- Royal Colleg8 ol Music, Trinity Laban. Royal Academy of Music and Gulldhall School of Music and Drarna. The students vory much enjoy p8rfoTmlng in the space 8nd the audl8nce are enYIng the high-quallty of cla8skal an¢J Jazz music. Organ andpiano The organ Is in good health and continues lo b8 looked after by Harrlson and Harrison. Now Ihal th8 Llva Mu¥Sc Serles Is every weok. tha plano is being tuned more regularly and malnlained by Roy Martin. Robèrt Mlng8TrSrnllh tknctor of Muslc Safvguardlng R•port Th8 PCC has appolnted Sarah Aldef as safeguardlng offlcer. Sarah is the parish safeguardlng officer for All H8IIow8 by tho Tower and 1$ porfOning Ihls for Sl Mary-al-Hlll as p8rt of the church cluster th AH H811¢), Th8 focus for the year has been on updalln9 the saleguardlng r9cords and housekeeplrwJ, wlth PCC mgmbers bglng asked lo relrgsh Ihelr IralnSng and consider safeguardlng n88ds of tho church. The plan for th8 coming year Is lo r8flecl Ihose needs lo ensure that the church has a sel of pollcles whlch enable the Ghurch to undertake Ils Church and r-churCh acllville8 $8fely and In n8 wllh Sl Mary-al-Hlll'8 contlnued commllmenl to upholdlng sal8guardlng 8landard8. Sarah Ald8r Safegu8rding OffiG8r Flnanco Report Unreslrkted Fund Income Increa8ed from £134.298 in 2024 10 £149,614 In 2025, wSlh some varfances on the parish 18te8 lup from £57.455 In 202410 £63,929 In 20251 and letllngs lup fr¢Jn £57,175 In 2024 to £62,183, In 20251. Unfe8lrlcled fijnd 8xp8ndltufe w8s up, from £135,614 in 2024 to £189,086 In 2025. Transfers were m8de from the gener81 lund to tho reslrlecled fvnd of £3.649 kn order to COTrecl hlsloriral Issue8 wilhln the Restoration Prolecl fund. Thls resulted in the chufch having general funds at the of Iha year of £63,982, whlch is down on 2024. where general funds amounted lo £107.103. Reslrict8d funds al Ihe ye8r end amount lo £54.818 12024.. £49.1691 and the designated fund amounted lo £1.01112024', £15.015). Rosgrvgs pollcy It is the policy of the PCC to keep a minimum of SIX months expendilure in the General Fund. Thls has been mBinlained In 2025. 11 has further been daaded lo hold hjnrls for lh8 long-lerm malnl8nanc8 of Ihe church. Page 4
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY-AT411LL. ST ANDREW HUBBARD, ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY BILLINGSGATE TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 8tru¢ture and Governance Tho Truste88 that seived during the ar were: Llnda Fosler John Hugheydon Roy Humphrey Laurence T8rgel Helen Chaprnan lappoinlod 1215120251 Graharn Mundy Robert Mlngoysmith Rl Revd DavKI Urquhart Rl Nlcol Wendy Klnrode (appointed 1211120251 The method of appoinlmenl of PCC m¢mbers Is sel out in Ihe Church Repre8enl*tlon Rulas. All membgrs of th8 congfegalion are encouraged to regisler on Ihg Electoral ROIS and sland for PCC. The PCC is responsible for making declsions on all mall&rs ol gfyneral concem gnd Importanc8 lo Iho parish Including decldlng on how Ihg lund8 of thg PCC are to be ¥penl. Approved by ordef of the m8mb8Y8 of th8 board of Truste88 8nd 81gned on Ihelr b8half by: Dale= 202b Page 5
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY-AT-HILL. ST APIDREW HUBBARD. ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY BILLINGSGATE STATEMENT OF TRIJSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees are re8pon5ible for preparlng the Tru8lees' report and the financial ststements in 8ccordance wllh appllcatAe law and Unlled KlrvJth)m Accounllng Stsndards Iunltsd Klngdom Genefally Accepted Accounting Pracuco). Th8 law applicable lo charilies in England & wal qUIra$ the Trusl8ès to prepare financial slalemenls for each flnanclal which give a ITue and fair view of the stale ol affairs ol the Church and of Ils incoming fegourc&s and applicafjon ol resources. induding Ils income and exp8ndlluie, for th81 p8riod. In pr8pAring thes8 financ181 $18tem&nls, the Trus1868 are requiTed lo-. selecl suitable accounllng pollcigs and then apply them consistenlly., observe Ihe mèthods Bnd principles of the Chaiilies SORP {FRS 1021: make judgments and accounllng estimates that ar8 rea50nabl8 and pNdenl; stale whether appllcab18 UK Accounting Standards IFRS 1021 have been followed, subject lo any malerlal departures dlsclosed and explalned In the financial slaternents.. prepare the flnandal slal&menl8 on the golng concgrn bqs18 un185811 Is Inapproprl8te lo presume that tho Church will continue Sn bu8iness. The Trustees ar9 rgsponslble for koeping ad8quaÈe accounting records that are sufflciant lo show and expla5n the Church's transactions and disclose with reasonable accuracy al any Ilme Ihe flnanci81 position of the Church and enoble them lo ensure that the financlal slalemenls comply wllh Ihts Chorllles Act 2011. thè Charlly (Accounts and Reporisl Regulalions 2008 and the provlsions of th8 Tru81 deed. Th8y ale also responsible for 8af8guardlng th8 8ssels of the Church and henc8 for laklng reasonable slep¥ lor the pravenlion and deleGllon of fraud and other iTregul8rili88. Approved by order of Ihg members of the board of Twslees and 8lgned on Its behalf by: Dale: .2oL Page 6
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY-AT-HILL, ST ANDREW HUBBARD. ST GEORGE 8OTOLPH LANE AND ST BOTOLPH BY BILLINGSGATE INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Ind•pendent examlnofs report to the Tru$tee$ of The Parochlal Church Council of the Eccleslastlcal Parish of St M8ry-At.Hlll, St Andrew Hubbard. Sl Georg& Botolph Lane and St Botolph by Billingsgate I'th• Chur¢h'l I report to the ch8rily Tiuslo85 on my examinallon of the aGcounis ol the Church for the year ended 31 December 2025. Rosponslbllltles and bas1$ ol report As the TNsl889 ol the Church you are rtrsponsible for Ihe prepafalion of the accounls In accofdanc9 wllh the fequlremenls ol th8 Charities Act 2011 I'lhe 2011 Act'}. I report In re5p&cI of my &xaminallon of the Church's accounts carrled out under sectlDn 145 gf th8 2011 Act gnd in Cang out my oxamln8llon I hava lollow¢d the applicable Dlrecllons giverb by Ihe Charity Commisslon under section 145151{bl of th8 2011 Act. Ind•pendgnt examlneej statement Your 8llenlion is drawn lo the fact Ihal the Church h8s prep8Ted the accounts In accordance wllh Accounllng and Reporting by Charilles- Sialemtrnl of Recommended Pracllce appllcabl8 lo charllles PTeparlng Ihelr accounts in accordance wllh the Flnancial R6porting Standard applicable In Ihe UK ond Republlc of Ireland IFRS 102) In preference lo the Accounling and Reporting by Charilles.. Slalement ol Recommended Pracllce Issued on l ApTII 2005 which is referred lo in the 8xlanl regulalk)ns bul has been wllhdrawn. l undeTsland Ihal Ihis has beon done In ordor for the oGcounts to provldo a Ifue and falr vlew In accordance wllh Iha Genor8lly Accepted AccoLbnllng Practice eflecllve lor reportlng p8rtod8 beglnnlng on or aft8r l JanLtary 2015. I hav8 wmpletgd my examinallon. I conflrm (hal no matters. olher Ihan those fulty del8lled b81ow. have come lo my altenllon connecllon wllh the ex8mln811on glvlng me re8sonabl& cau88 lo belSev& Ihal Sn any mater181 respecl., accounting records were nol kept In reBpect of Ihe Church as requlred by 8ectlon 130 of the 2011 Act,. or the accounts do not accord with tho88 r8cords; or the accounts do not ¢omply with the 8pplicable requiremonls ¢onceming the form 8nd eonlent of accoLtntS Sol out in the Charities IAccoLTrnls and Reports) Regulations 2008 other than any requir8rnenl Ihal the 8ccounls give a 'lrue and falrf view whlch Is not 8 matter consldergd a8 P8rt ol an Independent examination. I confimi that there are no other mallers lo whlch your attentlon should be drawn lo enable 8 proper underslanding of the accounts lo be r£ached. Malter of Slgnifi¢anc•. Employmenl ol Tru6t•g The matter Ihat has come lo my attention is that the chority engages Robert Mlngay-smith {Irusteo1 AS a salarled employee Idètails are provided in Nolg 10 lo the accounlsl. We havg been unable lo obl8ln documeniatK) showing approv81 of Ihis silualion by tho Charity Commission. Page 7
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PAR18H OF ST MARY-AT4IILL, ST ANDREW HU88ARD. ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY BILLIMG3GATE INDEPENOENT EXAMINER'S REPORT (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2025 Thls report is med8 solety to thè Church's Tnjstees. Bs 8 body. in accordance wllh Part 4 01 the Charit$ IAccounts and Reports) Rtr9ulalions 2008. My work has been undèrt8ken 80 th81 I mlghl 8latg 10 the Church's Trustees those rrbatter5 1 am Tequlred lo stal8 to Ih8m In an Independanl ex8mln8rf8 report and for no olh8r purpose. To the lu118$1 exlenl permilled by law, I do not accept or 8$suffl8 respDn8ibility to anyona other than the Church and the Church's Trustees as a body, for my work or for thi8 report. Slgned.. Oated.. p9_ c£ .?c)ZG Jerèmy Tyrrell IFCAI 40 Gracgchurch Slr88t London EC3V 1BT Page 8
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY-AT-HILL. ST ANDREW HUBBARD. ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY BILLINGSGATE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 Unre5tr1cted funds 2025 Restrlcted funds 2025 Total funds 2025 Total fvnds 2024 Noto Income from: DDnations and leaacle8 Ch8rrtBble actlvitles Investmen18 18.361 127,578 3,675 18.361 127.578 5,735 1&455 111,620 7,223 2,060 Total Incomo 149,014 2.080 151.674 134,298 Expendllur8 on: Charitable actlvlllo 180,086 189,146 145.765 Total •xpendlturo 189,086 60 189,146 145, 765 Nèt (?xpendStUTelllncomo Transfers be0¢n fund8 139.4721 13.6491 2,000 3,649 {37,472> {11,467) 14 Net mov•ment In lunds 143,121) 5,649 {37,472) (11,467) Reconclllatlon of funds: Total funds brought forward Net movement In lunds 107,103 {43,1211 49.169 5,649 156,272 137.4721 167,739 (11,467) Totsl fvnds carrled forward 63,982 54.818 118,800 156,2Z2 Th8 Staloment of flngndal 8cllvilie3 Includey 811 galns and1088es recognlsed In the al. Tho note8 on pages 1110 21 form part gf th889 financial 8lalemenls. Pag8 9
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY.AT-HILL, 5T ANDREW HUBBARD. ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY BILLINGSGATE BALANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 Curr•nt ass•l$ Doblors Cash al bank and In hand 12 5,082 123,602 767 163,828 12B.084 164.595 Curront Ilab511tlgs Cr8dllors.' amounts f8lllng due wilhln on 13 19.884) (8.323) Ngt curr•nt assets 118.800 156,272 Total ngt a888ts 118.800 156,2T2 Charlty lund• Reslricled funds Unfeslrlcled fuThJB 14 54,818 49, 169 Deslgnaled lund8 General funds 14 14 1.011 62,971 15,075 92,088 Tolal unrestrlcted fund8 14 63.982 107. 103 Total fund• 118,800 156,272 The fknandal s18le enls were approve 8nd aulhorised for Issue by the TnJsle66 and 51gned on their beho11 by.. Date: The not8s on pages 1110 21 form part of these Ilnancl81 stalèn*nls. Pag8 10
THE PAROCHIAL CHURCH COUNCIL OF ThE ECCLESIASTICAL PARISH OF ST MARY-AT-HILL. ST ANDREW HUBBARD, ST GEORGE BOTOLPH LANE AND ST BOTOLPH 8Y BILLINGSGATE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 General Infom)atlon The Church Is a charity registered wSlh the Ch8rity Commission in England and Wales. charily number 1161347. Ils roglslered addres5 15 si Mary-Al-Hlll Church, Loval Lane, Ea51¢heop. London, EC3R 8EE. The prbncipal aclivlll88 of the church Is to promote the ChrSsti8n fallh. countlng pollcit8 2.1 Baslj of preparatlon of linanclal ¥tatom•nt8 The flnanclal Stalements have been prepargd In accordanco wllh AGcountSng and Reporilng by ch8rilles= Slalemenl ol Recommended Pr8¢1ice appllcable lo charilles preparing Ihelr 8¢counls In accordance wllh the Flnanci81 Reportlng Standard appll¢able in Ihe UK and Rgpubllc ol Ireland IFRS 1021 Issued on 16 July 2014, tha Flnoncial Reporllng S¢8ndard appllcable In th¢ Unlled Kingdom and Republlc of Ireland IF RS 1021, the Charillos Act 2011. Church Accounllng Regulallons 2006 and UK Generally Accepted Practice as it applles from l J8nu8ry 2015. The flnanclal st81emenls hove been prepared lo give a 'true and lairf view and have departed from th6 Charilies {kcoun15 and Reports) Regulallons 2008 only lo the exlenl requlrod lo provide a 'lrue and lair, view. This departure has involved followlng the Charities SORP IFRS 1021 pub118hed In October 2019 ralher than lh8 Accounling and Reporting by Charllles.. Slolement of Recommended Pfacllc6 effectlve from 1 April 2005 which h88 $lnce been wlthdrawn. The Parochial Church Counc51 ol Ihg Ec¢lèsiasli¢al Parlsh of Sl Mary-Al-Hlll, Sl AndT8W Hubb8rd, Sl Georgo Bololph Lane and St Bololph by Blllin99gale meets Ihe definition ol 8 publlc benelll enllly under FRS 102. Asset$ 8nd Ilabllltie5 are Inlllally recognlsed 61 hlstorical Gosl or Iransodlon value unle86 otherw188 slated In the ralevant accoursllng pollcy. 2.2 lthcome All Income Is recognis8d once the Church has endllemenl lo the Income. It Is prob8ble that Ihe kncomo wlll be received and the amount of Income recelvabl8 can bè measured rèllably. Voluntary ineome Donated servlcès and f8clll¢lè$ are included at the value lo th8 charity where Ihls Can be quantifled. The valuo of Services provldod by volunts8rs has not been Indud8d In th688 accounts. Ctsll6cllons 8rg recognised when r8celved by or on behalf ol the PCC. Planned giving under GSft Ald is recogniged only when received. Tax recoverable on Glft Aid donalions is recognlsed when the donalion Is recognised. Grants and legacies lo the PCC are accounted for as soon as (he PCC is noisfiod of ils legal entillement,the amount due ig qu8nliliable and ils ultlm818 recelpl by thè PCC is reasonably certaln. Income from furraSt9 and simi18r events is accounted for gross Olhar income Rèntal Income from thg18lting of church pramises Is recognised on an accruals basls Income from invèstments Interest entillemenls ale occounled for on an Bccruals b8sls. Tax recovarab18 on such Income is recogni$8d In Ihe Same 8¢counling ye8r. Pagè 11
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY-AT-HILL, ST ANDREW HUBBARD, ST GEORGE BOTOLPH LANE AND ST BOTOLPH B Y 8ILLINGSGATE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 202S Ac¢ountlng pollcl8s (contlnu•dl 2.3 ExpendltUTe Liabllilles are recognisad a8 gxp8nditurg as soon as Ih8r8 is a legal or conslructlv8 obllgallon commlttin9 the charity lo Ihal gxpenditure. it is probabl8 that a transf8r of econon)ic benefits will be r8quired in setllemenl and tha amount of the obligalion can be measured reliably. Expenditure Irbcludes any VAT which cannot be fully recovered and is reported as part ol the expendilure lo whlch It relate3, Grants and donations arè acCound lor whèn pald ovor. or whgn awartled, If thal award CT&ale5 a bindinu oblLqation on Ihe PCC. The dlocesan parSsh Share18 accoun18d for when du8. 2.4 Tax4tlon Tho Church Is con81d8d lo p88s Ihe lgsls sg1 out In P8ragraph 1 Sthedul8 6 of Iho Finence Act 2010 and therefore 11 m8el8 thè definlllon of a chartlable company lor UK corporallon lax purposes. Accordingly. the Church is pol(>nllally gKgmpl from laxallon In respect ol income or capital g8ins recelved wilhln c8t8gories covered by Chapter 3 Port 11 of the Corporation Tax Act 2010 or Secknon 256 01 the Taxallon of ChargeBble Galns Act 1992, to Ihe exlenl Ihal such income or galns are applled excluslvely to charllable purposes. 2.5 0•btor¥ Trade aTrJ other deblor8 ar8 r8cogn18ed 81 the 8ettl8menl amounl 8ftor any trade disGount offered. Prepaymgn15 aro valued al the amount prepald nel of any trade dlscounls (Ju8. 2.6 Cash at bank and In hand Cash al b8nk and In hand Includes cash and short-term highly Ilquld Inveslments wSlh a 81K)rt matUfSly of three months or188s from the dale of acquisillon or opening ol the deposit or slmllar account. 2.7 LlabSlltle¥ and provl8lon8 Llabllllles arè recognised when Ih8r8 IB an obligation al the balance sheet date as a resutt of a p891 venl,11 Is probable that a transfer of eConOrn benefll will be required In settlement, 8nd the 8mourbt of the 8elllemenl can ba eslimaled reliably. Llabililies are recognlsed at the amounl that the Church anticipates il wll pay lo sellle the debl or the amount it has recelved as advanced payinenls for the goods or services il musl provide. Provbslons are rneasured at th8 b8sI eslimale of the amounts required to settle the obllgallon. Where th8 effect of the lime value of monoy ig malerlal. the provision is based on the present value of (hose amounts. discountèd al th8 pre-tax discount rale Ihal r8ft8cts the r15ks spacifK lo the liability. The unwinding of the disrount Is recpgnised Sn the slalement of financial activities as a finance cost. P8g&12
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY-AT-HILL. ST ANDREW HUBBARD, ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY 81LLINGSGATE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 AccountiTh9 pollcies Icontlnugdl 2.8 Flnanclal In8tfuments The charily only has financial assets and liablliliès of 8 kind that qualify as baslc financlol in8truments, includin9 ils deblors and crediloTS. These ar& ini118lly recognised al Ironsacdon value and subsequfrnlly valued al Ihelr selllement value. Amounts owing lo the PCC al 31 Decomber In respecl ol lees. renls or other incomo are shown as debtors less provision for amounts Ih81 m8y prove uncolle¢lable. C89h Bnd c8sh equivalenls compri80 sh In hand and call deposlls, and olher short term highly Ilquid inv8slmenls that are readily convertlble k* a known amount of cash and are subjecl lo an inslgniflconl rlsk ol change in valuf. 2.9 Fund accountlng Unfe8lrlcled funds represent Ihe funds ol th8 PCC ihat arè not subloct lo any reslrlclluns rogarding Ih8lr use and arg available for the Ooneial purpoge8 of the PCC. Fund5 deslgnaled for a partlcular purpose by Ihe PCC ar6 also ullre81rtcled. Restrlcled lund8 8r8 those lunds that mu81 be sponl on reslri¢led purpose8 and det8118 of Ihe func18 held and reslrldons are provlded Sn th8 relevanl notos in the accounts. Crltlcal ac¢ountlng ostSmat88 and arfras of Judgmont In preparing th8 fin8ncl81 s181emonls It is n8cessary lo make cortgln judg8mènl6, gstimale8 and 889umpIDns that affecl the amounts recognlsed In the financl81 slalemenl8. In the vlew of Ihe Trustees Ihera are no slgnlflGantlud9emenls, esllm8te8 and aB8umptlons requlred. Income from donatlons and l•gacl•8 Unrostrlctsd n41s 2025 Total funds 2025 Total lund$ 2024 Donations 12,247 6.114 12,247 6.114 9.519 5.936 Grants 15,455 Total 2025 18.361 18,361 Total 2024 15,455 15.455 Pago 13
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY-AT411LL. ST ANDREW HUBBARD, ST GEORGE BOTOLPFI LANE AND ST BOTOLPH BY BILLINGSGATE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Income from ¢harltable actlvltle$ Unrestricted funds 2025 Total funds 202S Tofal funds 2024 Parlsh Rales Income from property1818 Olher Income from ch811(able acllvltles 63.929 62,183 1,466 63.929 62,183 1,466 57,445 54,175 Total 2025 127.578 127.57 111,620 Tolal 2024 111,620 111,620 InveBtmgnt InGome UntlrI¢ld Re$trlct•d fund¥ funds 2025 2025 Total fund• 2025 Total funds 2024 Inlergsl Income Dlvldgnds 3,875 1,549 511 5,224 511 6, 724 499 Tot412025 3.675 2,060 5,735 7,223 Totsl 2024 6.724 499 7,223 Analy81s of •xpendlture on charltablè athltle8 Summary by fund type Ufir•strl¢t•d R•8trlctsd fund# fundts 202S 2025 Total 2025 Total 2024 Dlracl costs 189,086 60 189.148 145, 765 Total 2024 135.614 10. 151 145.765 Page 14
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST Ry-AT.H1LL. ST ANDREW HUBBARD, ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY BILLINGSGATE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Analysls of expènditure by actlvltles Actlvltle$ undertaken directly 2025 Total lund8 2025 Total funds 2024 Diroct cos18 189.146 189.146 145,765 Total 2024 145, 7fj5 146,765 Analy•ls ol dlr•ct costs Total funds 2025 Tolal fvnds 2024 Sl8ff costs Di¢xesan Common Fund Cleanlng Muslc Llghl & Heal SeTvlc8s & Event Expen9e8 Aijministralion Repalrs & M8inlanan¢e Bank Charges Consultancy f88g CharitBblg Donations El8ctrfcBI Works Ev8nl costs 88d Oebl WrSt8 off Governanc8 CO819 01,044 47,800 6,090 3,378 7,104 2,113 7,418 8.284 294 10,130 846 14,004 7,671 3,620 9,350 49.280 41,920 6,015 4,533 4,202 1. 188 6,452 13,086 15.551 210 3,328 189.146 145,765 Paga15
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY-AT-HILL ST ANDREW HUBBARD, ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY BILLINGSGATE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Independent examiner'8 rnmunèratlon 2025 2024 Fees payable lo the Chufch's IrHJep8ndgril examlner for the independent examination of the Church's annual accounts 2,625 2,500 10. Staff co$18 2025 2024 Wages and salarl8s Conlribulion lo dèfined conlrlbulSon pension 8¢heme8 56,322 4,522 45,630 3,650 61,D44 49,280 A dlspen88tlon In r89pecI of trustee remun8rallon has been reqUted from the Charity Commlsslon; however, Ihls has not yel been received. The avera98 number of pef50ns employed by Ihg Church durlng Ihe year wa8 as follows.. 2025 2024 Church runnlng No employ88 rec8ived remuneration amounting lo more thon £60,000 In elther y88r. 11. Tru8t•g1' remunor•tlon and •xp•nseB During th8 year, one or mcfe Trustees has bBèn p81d remuneralknn or hag rec8lved other benefits for So1¢88 provided to Ihe chuch. The value of remuneration was as follows.. 2025 2024 Llnda Foster Robert Mlngay-smllh Consultancy fees Remunerallon Pension Ix)ntribulions paid 5,400 9,630 770 5.400 9.630 740 Durlng th8 year ended 31 Decefflber 2025, rK> Trust88 oxpgnses have been incurred (2024- £NIL)- Page 16
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISTrI OF ST IAARY-AT-HILL. ST ANDREW HUBBARD. ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY BILLINGSGATE NOTES TO THE FlhlANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 12. Dobtor$ 2025 2024 Dug wlthln on• year Trad8 debtors Olher debtors 4290 792 767 5,082 767 13. Cradltors.. Amounts falllng du? wlthln one year 2025 2024 Credllors & accruals 9,B84 8,323 Page 17
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY.AT-HILL. ST ANDREW HIJBBARD, ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY BILLINGSGATE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 14. Statemont of ft4nd8 Statsmant of fundG - current yoar Balance at 31 Decornb•r 202S 8alanco at 1 January 2025 Transfors Inloul Incoma Expendllure Unrostrlct8d funds DeBlgna¢•d funds Long term malrTrlenance 15,015 (14004) 1.011 Goneral fund8 General Fundg- all funds 92,1)B8 149,614 (175,082) 13,049) 62.971 Total UnTe8lrlcted fundB 107,103 149,614 (185,086) 13,649) 83.982 Rè$trf¢lgd funds Rector'5 8xpen888 Re51oratlon Project Health Worshlp 511 1,549 5.051 48,216 274 1,277 43,078 274 1,277 {60 3,649 49.169 2,060 (60> 3.649 $4.818 Total olfund8 156.272 151,674 1189.146) 118.800 Page 18
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY-AT-HILL, ST ANDREW HUBBARD, ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY BILLINGSGATE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 14. Statemont of nds {contlnuedl Statement ol lunds - prior yeor As r88t8led 8glanc8 at 31 Dacomber 2024 As stated Balance 4t l January 2024 In¢om8 Exp8ndilurB Unrostrl¢ted lunds Deslgnated fund Long tsTm maintsnanc8 15.000 1,727 (1, 712) 15,015 G•n•ral funds General Funds 93,918 132,072 (13J.902) 92.088 Tot81 UnroslrSct•d fundl 108,918 133,799 f135.614) 107,103 Ro8trlGted fund• Reclovs expenygs Reslor811on PTolecl He8llh Worshlp 4,041 53,229 274 499 4,540 43,078 274 1.277 {10,151) 1,2T7 58.821 499 (10,151) 49,769 Total of funds 167,739 134,298 (145.785) 156,272 Page 19
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY-AT-HILL. ST ANDREW HUBBARD. ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY BILLINGSGATE IOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 14. Stat9m8nt of fund5 (cont5nugd} Purpose of the Deslgnated Funds: Long term malnt•nance - ThSs fuNI is derived from transfers from the General Fund lo ¢ov8r unusual malnlenance wsls lie costs oihgr thon ffte expected annual coslsl. Purpose• of R•strlct•d Fundj: Roctor's •xpon$os- Money Talsed to COV8r Ihe Recloes expens&s. Restoratlon proJ•¢VSt•ering Group - Curfenlly In the proBe88 of rab51ng fund8 for re8lorailon PToSocl. Durlng the year, £3.649 has been IT8nslered Into the Restorallon prolecl from Ihe ggn8rBI funds In order lo correct th8 lunds for hlslorlcal dlff8r8nc8s. Hèalth This was money rals8d lo support a first ald course, incluslng coverage of any Iphyslcal OT mentall heallh188ues. Wor8hlp - Money ralsed lo ald the purcha59 of prayer books and bibles, Includlng Ihg support of worshlp actlvlll88. 15. Analys1• of n•t a8••t• betw••n h4Dd• Analy818 of nol a•88ts betweon fund• . curront year Unrn8trlcled R•8trl¢t•d lund$ lunds 2025 2025 Totsl funds 2025 Currnnl 8$581s Cradltors du8 wlthln one 81 DlfferBnc 74,377 19,8841 {5111 54,307 128.604 19,8841 511 Total 63,982 54,818 118,800 Analy$l# of nèt assets between funds. prlor y1 R6slricted Unr8slricted funds 2024 Funds 2024 Total runds Current assals Creditors due wiihin one ar 49,169 115.426 (8,323) 164.595 {8,323J Total 49.169 107, 103 166,272 Page 20
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY-AT.HILL, ST ANDREW HUBBARD. ST GEORGE BOTOLPH LANE AND ST BOTOLPH BY BILLINGSGATE NOTes TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 16. Relat•d Party TraactIonS There were no tr8nsactk>rk8 with relaled part18s other than those discloged in Nole 1012024.. 8ame). PAge 21