HOLY T￿NITy SOUTH KENSINGTON 2025 Report and Accounts for The Parochial Church Council of Holy Trinity with All Saints, South Kensington Aim and purposes The Parochial Church Council IPCCI of HolyTrinitywith All Saints. South Kensington, has the responsibility of co-operating with the Interim Priest in Charge, the Reverend Jennie Adams, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the m8intenance of the buildings and fabric of Holy Trinity Church. Objectives and activities The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at Holy Trinity. The PCC maintains an overview ofworship throughout the parish and makes suggestions as to how our services can involve the popu18tion that lives within our parish as well as the numerous visitors f rom outside it. Our services and worship put faith into practice through prayer and scripture, music and sacrament. When planning our activities forthe yearwe have considered the Charity Commission's guidance on public benefit and specifically the supplementary guidance on charities for the advancement of religion. In particular, we try to enable people to live out their faith as part of our parish community through: Scripture and prayer. learning about the gospel and developing their knowledge and trust in Jesus Music, which plays a very significant part in the worship in HolyTrinity and is what draws many people to the services here. We have a small choir of professional singers that provide a very high standard of choral singing Our Grade 1 listed buildingthat combines great beautywith an atmosphere of prayer and stillness. It is open to the public at regular times during the week and is available for use by musicians and artists Community Connections- we have close working relationships with Imperial College. the Royal College of Music and other local institutions Achievements and Performance The PCC is keen to offer seNices on Sundays and during the week that our community finds beneficial and spiritually fulf illing. The Sunday morning seNice and all festivals are directed primarilyto those who p8rticularly appreciate the langu8ge and theology enshrined in the 1662 Book of Common Prayer. In 2025 we returned to a service of Choral Matins on the second Sunday ofthe month with Choral Eucharist on the other Sundays. We have continued the weekly online Sunday service of Evening Prayer at 6pm, presided over by our good friend the Reverend Trevorjordan. On Wednesday there is a short, reflective seNice of said Holy Communion using liturgy of Common Worship that provides a quiet 'stop-gap' in the middle ofthe week. At 5.30pm there is a fortnightly {term-time only) service of Choral Evensong sung bythe Imperial College Chamber Choir. This service is designed to be easily accessible to people with little or no church background. As well as our regular services, we enable our Gommunity to Gelebrate and thank God at the milestones of the journey through lif e. Through baptism we thank God for the gift of life, in marriage public vows are exchanged with God's blessing and through funeral services friends and family express their grief and give thanks for the life which is now complete in this world, and to commend the person into God's keeping. We continue to be a memberof Inclusive Church and seekto be a church which celebrates and affirms every person and does not discriminate against people on grounds of disability, economic power, ethnicity, gender, gender identity, learning disability, mental health, neuro- diversty, or sexuality. All are welcome to attend our regular services and. at present, there are 24 parishioners on the Church Electoral Roll. Formerly one member ofthe PCC sits on the Deanery Synod. This provided the PCC with an important link between the parish and the wider structures of the church. Currently this position is vacant. Al We have strong links with the Imperial College Chaplaincy. the IC Chaplain and Priest-in-charge meet weekly as mutual support. HolyTrinity Gontinues to have a good relationship with Willcocks Nursery School and other local independent schools. The Priest-in-charge is invited regularly to talk to school children and attend school events. A new website along with updated social media accounts ensure that the local community can find details of events, church services and church openingtimes with ease. Noticeboards outside the church are utilised to display what's happening within the church building. The online booking system has streamlined bookings for both church and hall enabling students, musicians and other groups to use the church building. We want our church to be open for use by our local community, where these uses are compatible with the objectives of the church. Accordingly, the church is used by a variety of musical and educational organisations based in and around South Kensington. During the week the hall is used by a nursery school that pays a commercial rent. There is also a Saturday children's language schoolthat rent the hall. The Ghurch is used by a 'movement & mindfulness, group during the week as well as by amateur musicians and RCM students for concerts and to showcase theirwork. In 2025 the church was used to host IC Blyth Centre Lunchtime Recitals as the Great Hallwas unavailable due to building work. During Advent the church is used by local schools to host their carol services and Christmas concerts. - - - - - - Financial review for the year ended 31 December 2025 Total receipts into unrestricted funds f or the year were £147,72012024: £163,108), of which £42,214 comprised incoming resources from donors and £35,727 was represented by othervoluntary in- ome. RestriGted grants of £13,648 funded the building insuranGe premium and various minor works. Income from investments W8s £6,087, rent from the Nursery school came to £50,224. Total receipts decreased by £15,388, mainly owingto a decrease in grants received. 2119,349 was spent f rom unrestricted f unds to provide Christian ministry. This represented a decrease of £37,829 on the previous year. Total spending for the yea r included the contribution to the diocesan parish share. which increased by £2.000 to £67,000, helping to provide stipends. pensions and housing for the clergy. Unrestricted f unds increased by £28,371 before taking account of an unrealised g8in of £14.497 in the value of investments and a net transfer of £9,648 to the Music & Organ Fund. During the year, total fund balances increased by £42,869 from £141,058 to £183,927. of which £166,278 was unrestricted and £17,649 restricted. £3.07212024: £32,653) was spent on repairs to equipment. Reserves policy It is PCC policy to try to maintain a balance on f ree reserves (net current assets) which equates to at least twelve months, unrestricted expenditure. This was equivalentto 2119,349 in 2025 and is to cover unforeseen events, such as short-term fluctuations in cash flow and to meet emergen- cies, such as urgent repairsto the buildingand fabric ofthe church, which areto be expected when dealing with the obligation to maintain a listed historic building. The balance of free re- serves at 31 December 2025 was £166,278, which represents approximately 17 months, unre- stricted payments12024: 11 months}. The balance of £166,278 in the restricted f und represents funds set aside to maintain and repair the organ. It is intended that this balance will be spent at some point in the next year. It is our policyto hold most of our cash at bank in a Nat West current account, with the remainder held on a deposit account to meet short and medium-term requirements. The rest of our capital is invested in the M&G Charifund account, which provides opportunities for capital growth as well as a modest but regular income. Structure, Governance and Management The Parochialchurch Council is a corporate bodyestablished bythe Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is a Registered Charity. The method of appointment of PCC members is set out in the Church Representation Rules. At HolyTrinitythe membership ofthe PCC consists ofthe Priest-in-charge, two Churchwardens and ordinary members elected by those on the electoral roll ofthe church. All members of the congregation are encouraged to register on the Electoral Roll and stand for election to the PCC. - - - - - - Building report 2024 Unlike previous years minimum expenditure was incurred duringthe year. This was not due to the lack of need but rather legislative hold-ups meaning much needed work cannot be started. The beginning ofthe year saw the completion ofthe work on the organ. There is always more work to be done on an organ butthis work has brought it back to good working order. In Februarywe had a heating audit on both the church and flat to gain advice on how to suff iciently heatthe building in linewiththe Church of England Netzero policy. The reportforthe church advised the best option would be to upgrade our system and stay connected to Imperial College's steam heating system. The alternative is to upgrade the system and use air-sourGe heat pumps instead of steam. The report for the f lat proved inconclusive due to how it is constructed. Following the reports we enlisted the help of a Dioces8n recommended company. RLS Plumbing, to get a quote forthe work to upgrade the church heating system. Many leaks were detected and. in May. the steam system was completelyturned off for safety reasons. The work to upgrade will cost a significant amount and discussions as to the best wayfonNard are ongoing. Renovating the church flat and renting it out for income is still the PCC plan. Attempting to get faculty approval ICofE planning approval) has been a huge frustration forthe PCC this year, what had felt to be 8 simple project has proven to be anything but simple. This is still ongoing and we hope the advice of an architect will move this foward soon. On a more positive note, Cleankil have got our pests under Gontrol. There have been no recent reports of sightings of our furry f riends and there is little evidence of their presence. Cleankil visit to check and change the bait traps 3-4times a year. In November the coal hole cover failed creating a serious health & safety problem in the alleyway. With help from Imperial College Security Team we were able to fence offthe area to make it safe. A new and improved cover has now been fitted. In Decemberthe entry system to the alleyway door began to fail. Banham's Security have been appointed to replace it but, due to a supply issue, they needed to cancel the January appointment and will return in March. Deanery Synod The Westminster 1st Margaret) Deanery is the largest of the three deaneries in the archdeaconry of Charing Cross, which broadly covers the modern City ofwestminster within the Two Cities Area of the diocese. Our deanery encompasses the historic City ofwestminster, including most of the 'West End., as well as Whitehall, Be￿raVIa, Pimlico, and Knightsbridge. It juxtaposes areas of signif icant social and economic deprivation with affluent neighbourhoods. Notably, it is home to Parliament, government departments. major businesses, and organizations. The deanery comprises nineteen parishes. eleven church schools, and several other congregations and institutional chaplaincies. Due to its location and historical significance. the deanery accommodates a diverse range of churchmanship representingthe comprehensiveness of the Church of England, and Bishop Sarah serves as our Area Bishop. The strength of our deanery life is evident in the deepening f riendships and shared sense of mission cultivated over the years. The Deanery Synod serves as a valuable platform for strengthening our partnership in the gospel. Deanery Synod meets three times a year, one of which is the annual garden party held in the Temple Master's garden at the Temple Church. There is one place allocated for a lay representative ofthe parish to be on the Deanery Synod. This place is currently vacant. HOLY TRINITY WITH ALLSAINTS CHURCH BALANCE SHE AS AT 31 DECEMBER 2025 Notes 2025 2024 Bank balances and investments: Clublsocieties Reserve Current M&G Charrfund 82.319 457 98.157 46,745 500 83,660 180,933 130,905 Debtor5: HMRC: Gift Aid tax rebate Church hirers DCMS- LI￿ed Place of Worship scheme 3.274 2,295 3.503 2.650 8.552 5,569 186.502 14,705 145,610 Llabilities: Grant receNed re 2026 expendtture Chubb- doorsecurty Independent Examiner {proV￿lOn) Bank interest Organ repairs Electricity 2397 1,189 150 28 150 31 3,498 873 3.764 4,552 £182,738 £141.058 ACCUMULATED FUNDS General Fund Music & Organ Fund 165.089 17.649 133.057 8,1XJl £182.738 £141,058 Notes to the accounts are on page 4 Reverend Jennie Sharpe Priest in Charge Paul Meitner T￿aSUrer Date: jg Iq MALCM W¢>L page I HOLYTRINtrY WITH ALL SAINTS CHURCH INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 INCOME Notes Incoming resources from donors Collections: General Fund Donations Gift Aid Tax rebate lestimate(Jl 18.221 19.330 4.663 19,645 5.465 1.528 42.214 26.638 Other voluntary Incoming resources Use of Church Baptism, Weddin& Memorial fees 35.174 553 31,6fv1 1,766 35,727 33,430 Grants from Church HoLEse Fund Trust Diocese of London.. clergy DCMS Grantscheme 12,815 43,147 267 4,452 47.866 Income trom investments M&G Charrfund Deposit Inte￿St IClubslSo¢s. Reserve) 795 5,292 5,114 6.087 6,001 Income from chafitable and anallary tradlng Rent from Nursery School Rent from Vestry flat 50,224 47.653 1520 $0,224 49,173 Total Income 147.720 163,108 Note5tothe accounts are on p. 4 page 2 HOLY TRINITY WITH ALL SAI￿[5 CHURIII INCOME AND EXPENDtTURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Notes Broughtforward from p. 2 EXPENDITURE Activities directly relating to the work of the Churth Diocesan Quota Insurance Singers Organists & Facilities Manager Heat, light. powei Repairs to Equipment Cleaning Flat & Vestry repair5 Clergy expenses Office & Sanrtuary Repairs to Organ & Building Telephone & Broadband Website/sundry Water rate5 147.720 163,108 67.iNJ) 12.815 10,240 8,610 5.999 4.261 2.493 2.458 2.419 1.103 905 735 65.(KKI 12.441 8,435 9.513 6,233 32,653 726 769 3.469 660 "576 218 202 221 557 429 Bank charges Diocese of London: funeral & wedding fees Independent Examiner Redundancy & emoluments Printin& postage. stationery Total expenditure Excess of Recelpts over Payments Transfers to Music & Organ Fund= Gift Day appeal LPW Grant Carol service music Organ Expenditure Gaiti / ILossl in value of M&G Charifund Surplus / (Deficrtl for the year Balance at 1st January Balance at 315t December 203 162 14.692 221 120,538 27.182 157,178 5.930 111,0201 16531 1,120 905 19.6481 14,497 £32,032 133.057 £165.089 2,125 £8,055 125,002 £133.057 page 3 HOLY TRINITY WITH ALL SAINTS CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Notes i) Music & Organ Fund Balance at 1st January Gift Day Appeal proceeds Tax recoverable on above DCMS- VAT recoverable 8,CQl 11.020 16,936 13, 1,975 4,100 36,911 653 19,674 Less= Organ expenditure in period Carol Services Closing accrual for further work Balance at 31st December 905 1.120 24.852 560 3,498 £8,001 £17,649 21 Organists Deputy organists 8.610 3,060 6,613 9.673 11601 £9.513 8,610 Le55= charged to Music & Organ Fund £8.610 page 4 HOLYTRINITY WETH ALL SAEKfs CHURCH NOTES TO ThE ACCOUNTS Independent examinerf5 report to the Pccof H¢lyTriixty withAUSaits (hurth This report on the accounts of the Pccfor the year ended 311)ecember 2025which are set out on pages I to 4. is in respect of an examination carrted out in accordantrwith the (hurch Accourting Regulations 1.the Regulation<} and Section 145 of the Chariiies J£t 2011{Ihe 2011Acfl. Respective res￿)nsIbl111IeS0f the Pccand the exawd As members of the Pccyou are respon&bleforthe p￿pa￿lOn ofthe account& You considerthat the audit requirement of the Flegulations and section 144 of the 2011Art do not apply. Ft is my respDnsibtrlity to issue this report on those accounts in accordan￿ withthe temis of the Regulations. Basis of this report My examination was orried out in accordan￿ wtth the General Directions given bythe Charrty Commission under sertion 14515llb) of the 2011 Act and to be found in the thurch Guidaftce. issued bythe Finan￿ Dsvisiori of the Archbi5hopg Council. That examination indudes a teview of thp accounting records kept bythe PCC and 3 comparison of the accounts wrth those recwls. It 3150 indudes constdering any unusual items or disdosures in the accounts and seeking explanations you astrnstee5 COn￿rning ary such nMtter* The prO￿dureS undertaken do not provide all the eviden￿ th* would reqUI￿d in an a¢Adtt. and con5eqL¢ently I do not expre5S an audrt opinion on the VieW￿Ven bythe aiLounts. Independent examinerfs statement In connection wtth my examination. no matterhas come to my attentioft: 11} which gwes me reasonable cause to believethat in any material respertthe requFrements to keep accounting records in accordance with section 130 of the 2011Art" and - to prepare ac(x)unts, which accord with the accwnti￿recMls aiid CoM￿Y wwth requirementsofthe 2011 Att and the Regulations have not been met: or {21 to whith, in my opinion. attention sh¢)uld be drawn in ￿lert0 enable a properunder5tandrngof the accounts to be reached. Signature 1& /0 2/? Tim page 5 HOLY TRINllY virtH ALL SAINfs CHURCII NOTE5 TO THE AccouKrs Independent examinerfs reporttothe PCC of HolyTriiMty withAII Saints (hur¢h This report on the accounts of the Pccfor the year ended 31 December 2025 which are set out on pages I to 4. is in respect of an examination carried out in accOrdan￿W[th the Church ACC￿ntIng Re8uhttons ("the Regulation