Charity Number 1177290
Saint Philips Chapel Street
Annual Report & Financial statements
for the year ended 31 December 2025

Saint Philips Chapel Street
Reference and administration information
Charity number:
1177290
Registered office:
st. Philips Church
2 Wilton Place
Salford
M3 6FR
Trustees:
Paul Brandish
James Brown
Tizi Burnham
Effie Coleman
Andreas Fink-jensen
Dale Grinsell
Sarah Jones
Tanja Jones
Michael Prout
Gareth Robinson
Shem Sheikh
Abigail Summerton-Brier
Meggie Tam
Sara Timms
Alexandra Uma
Alice Yeoman
Bankers:
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4LQ
Independent Examiner:
Adrian Phillip5 FCA
Arlo Accountancy Limited
107 Valley Road
stockport
SK4 2DB

SAINT PHILIPS CHAPEL STREtr
TRUSTEE REPORT FOR YEAR ENDED 31 DECEMBER 2025
The trustees of Saint Phillps Chapel Street are pleased to submit this report and accounts for the year
ending 31st December 2025.
ACHIEVEMENTS AND PERFORMANCE
2025 was the 200th anniversary of the consecration of our church building which we celebrated at a
special service on 21st September with guests including the Bishop of Manchester David Walker, our
local MP Rebecca Long-Bailey, and Deputy Lord Lieutenant Mary-Liz Walker. We celebrated the'Legècy
of Light, and two hundred years of worship and witness in the city of Salford.
We also planted a lay-led church in Oldham called 'Connect Church. which meets in the Ioc81 Costa
Coffee each Sunday. and celebrated baptisms here on Easter Day and in Oldham a few weeks later.
Worship continued here across three services each Sunday, with the early liturgical service growing
considerably, with notable growth from the Hong Kong community. We also began Ten Mit)ute Church.
a5 part of our drop-in sessions each Tuesday.
Our children's groups, weekly drop-in cafe and Foodbank. weekly toddler group, youth group. explorin@
faith courses, and other activities all continued throL)gh 2025. 1057 Bags of Hope were given out,
415 Foodbank vouchers were issued, and 803 individuals including 217 children were fed through food
parcels. In 2025, 3 total of 707 referral, signpostin8, Dr support interaetions were recorded from our
drop-in.
Four Discipleship Year students started tfainin8 here in September. with three on placement In our
church and the fourth at a church in Wythenshawe. We already have three 5tudent5 5iEned up to start
in September 2026 with others a150 expressing interest.
The building redevelopment plans and fundraising continued through 2025, with the Diocese of
Manchester supporting this with a svccessful Erant bid for El million towards this work. A submission
was made to the Heritage Lottery Fund who have been verbally 5UPPOrtive of the plans, and we hope
to hear back in the first quarter of 2026.
FINANCIAL REVIEW
We entered 2025 with a forecast operating loss of1£20,5621 and thanks to prayers answered through
the generosity of our parishioners and miscellaneous grants received, we ended the year with a much-
reduced operating loss of1£5,5191.
Income forecast was £282,769 but this was substantially exceeded with a total income of
£328,088. This includes restricted funds received for Bags of Hope, Alpha and Outreach.
Forecast expenditure was £303,332 but with additional expenditure mostly on building repairs and
running costs, our final expenditure including dèpreciation ended on £333.607.
Factors that contributed to the recovery were mostly due to increased one-off gifts. related Gift Aid,
and miscellaneous grants. There were also some recoveries on under-spending on Worship and Staff
Costs.

SAINT PHILIPS CHAPEL sfREET
TRUSTEE REPORT FOR YEAR ENDED 31 DECEMBER 2025
Below is a detailed summary of negative arbd positive factors affecting Income and Expenditure.
INCOME
Negative Factors..
We did not receive the budgeted rental income for the DY Student house due to receiving a 3
intern for the period who needed to be accommodated. This had a negative impact of £4,900
however the positive impact on serving jesus, our church and beyond far outweiEhed the
financial loss.
Income from church building rental was also well below budget by £6,561 due to us not
achieving the number of bookings hDped for.
Re8ulaf giving & collection at services was under-budget by £4,290.
Positive Factors-
One-off gifts and related Gift Aid claimed was substantially over budget by £34,525.
Income from MIS￿lIaneDU5 grants not budgeted for totalled £9,500.
EXPENDITURE
Negative Factors..
Building running costs were £15,322 over budget predominantly due to increased costs for
building maintenancè and repairs for the ch urch and the DY house.
Events, church celebrations & refreshments were £3,763 over budget.
Outreach was over-budget by £9.894 mainly due to donations received for Bags of Hope passed
on and £2,987 for bibles purchased, once again the benefit far outweighed the financi31 loss.
Extern21 Mission is slightly over budget by £550.
Positive Factors..
Administration expenses were on budget.
Staff and Worship costs came in £6k under-budget.
SUMMARY OF CASH FLOW
Cash at bank and in hand
Debtors
Creditors
Net current assets
Church Plant Fund
Restricted Fund Balance
Balance Available
80,244
16,953
5850
91,347
144,4701
Balance of funds available does not meet the requirements of our Reserve Policy but is a substant131
improvement from previous years. This is mainly due to the balance of the Investment Fund drawn
down.

SAINT PHILIPS CHAPEL STRE
TRUSTEE REPORT FOR YEAR ENDED 31 DECEMBER 2025
STAFFING CHANGES
Lisle Briggs began full time employrnent as our Administrative and Exetutive Assistant in July
Simon Wri8ht became a fLJII-time employee by becoming our Student Worker 3nd Facilities &
Events Coordinator in August
Alice Mcminn left her role as Youth and Student Worker in ILJIY to work with a Christian charity
in the Northeast
Kiera Byers was successfully recruited as our Youth and Children's Ministry Coordinator and
began work in August
RESERVES POLICY
This policy was agreed by the Standing Committee in 2021 wlth the Eoal to build reserve funds to cover
two month of running costs 2nd three months of salaries. We are not yet in a position to cover this
costs but continue to strive towards achieving this.
CONCLUSION
2025 Has once again been a very challenging yearwith minimal income from grants. static regulargiving
and increased running c05t5. Despite these challenges. we have been privileged to serve God and our
cornmunity and eternally grateful for God's Brace in continuing to provi(Je for our needs.
We have come to the realisation that we cannot budget any lower on expenditure going forward as it
is unachievable. The staff have been extremely responsible and vigilant at controlling and reducing
costs as much a5 possible. Expenditure is on a necessary-only basis which is resulting in worship and
other equipment becoming increasingly obsolete and unreliable.
We are alming to increase income generated from renting the church building for events and have
Simon Wright'5 commitment to pursuing further bookings with Light Events and other event
companies.
Budgeted operating lossfor 2026 is currently £33,8k based on increased regulargiving. realistic building
rental income and levels of expenditure. In principle, thi51055 is of serious concern to the PCC and It
was agreed to reassess this budget after the first quarter. The degree of measures to be taken to reduce
expenditure will depend on the amount of giving received and events bookings forthe church building.
SAFEGUARDING
The trustees are grateful to Andreas Fink-jensen who Stepped down from his position after three years
as our Parish S3feguarding Officer IPSOI. The assistant PSO, Michael Prout, became our PSO and we
S3fely recruited Steve Wylie to become our assistant PSO. Michael and Steve monitor any safeguarding
concerns and are the key bridge between our church and the Diocesan Safeguarding Advisor's team.
The strategy for storing $3feguardinB data in compliance with GDPR laws was implemented in 2025.

SAINT PHILIPS CHAPEL STREET
TRUSTEE REPORT FOR YEAR ENDED 31 DECEMBER 2025
VOLUNTEERS
The worship and witness of the church is 5UStained by 3 large group of around 105 committed
volunteers. Those workinE Wlth children and young people andlor adults at risk are safer recruited with
an enhanced DBS check. In 2025 the safer recruitment process was rolled out to cover every team.
meaning each volunteer 15 interviewed and is a role description, and references are obtained.
srRucfuRE, GOVERNANCE AND MANAGEMENT
Saint Philips Chapel Street b part of the Church of England. Leadership of the overall vision and strategy
of the church is the responsibility of the Rertor, Rev'd Dr Gareth Robin50n. whilst the governance of
the church making Sure we do what we say we're going to do and look after the building etc- Is in the
hands of the PCC (Parochial Church Council).
The PCC fLJnctions like the trustee board of a charity and meets four times a year. The executive of the
board, comprising the Clergy, Church Wardens, Treasurer and Secretary. is the Standing Committee
which meets monthly.
The PCC is an elected body made up Df people on the Church Electoral Roll. Anyone who has worshiped
with us for six months can sign up to be on the Electoral Roll, which 211ows you to vote at the Annual
Parochial Church Meeting when we elect new PCC members. PCC representatives are elected for three
years, and so each year a third of the PCC is re-elected. The staff team work to implement the vision of
the church under the leadership of the Rector and the governance of the PCC.

SAINT PHILIPS CHAPEL STREET
TRUSTEE REPORT FOR YEAR ENDED 31 DECEMBER 2025
TRUSTEE5' RESPONSIBILITIES
Charity law requires the trustee5 to prepare financial statements for each financial year which give a
true and fair view of the State of affairs of the charity as at the end of the financial year and of the
surplus or deficit of the charity. In prepBrin8 those financial statements the trustees are required to..
Select suitable accounting policie5 and apply them consistentlv.
Make5 judgements and estimates that are reasonable and prudent.
Prepare the financial statements on the going con￿rn basis unless it Is inappropriate to
presume that the chanty will continue on that basis
State whether applicable accounting Standards and statements of recornmended practice hove
been followed. subject to any material departures disclosed and explained in the financial
Statements.
The trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial position of the charity and to enable them to ensure thatthe accounts
comply with the Charities Act 2011. They are a150 responsible for safeguarding the assets Df the
company and hence for taking reasonable steps for the prevention of fraud and other irregularities.
This report ha5 been prepared in accordance with the Statement of Recommended Practice applicable
to charities preparing their account5 in accordance with the Financial Reporting Stand8r(i applicable in
the UK and Republic of Ireland IFRS 1021.
Approved by the PCC on 16 March 2026 and signed on its behalf by-.
M5 T Burnham
Trustee
Mf P Brandish
Trustee

St Philips Chapel Street
Independent Examiners report
for the year ended 31 December 2025
Report tothe trustees of St Philips Chapel Street
I report on the accounts of the charity for the year ended 31 December 2025 set out on pages 8 to 23.
Respective re5POn51bSlltles of trustee5 and examlner
The charity'5 trustees are responsible for the preparation of the accounts. The charitvs trustees consider that
an audit is not required for this year under section 144 of the Charities Act 20111"the Charities Act") and that
an independent examination is needed. The charity's gross Income exceeded £250,CX)O and 13rn qualified to
undertake the examination by being a qualified member of the Institute of Chartered Accounts England and
Wales IICAEWI.
It is my responsibi1tty to..
examine the accounts under section 145 of the Charitie5 Act.
to follow the procedures laid down in the general Directions given by the Charity Commission lunder
section 14515llbl of the Charities Act, and
to state whether particular matters have come to my attention.
Basts of Independent examlnerfs statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An
examination includes a review of the accounting records kept by the charity and a comparison of the accounts
presented with those records. It also includes consideration of any unusual items or disclosures in the
accounts, 3nd seeking explanations from the trustees concerning any such matters. The procedures
undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion
is given a5 to whether the accounts present a 'true and fair. view and the report is limited to those matters set
out in the statement below.
Independent examlnerfs statement
In connection with my examination, no matter has come to my attention..
l. which gives me reasonable cause tts believe that. in any materi31 respect, the requirements..
to keep accounting records in accordance with section 130 of the Charities Act.. and
to prepare accounts which accord with the accounting records and comply with the
accounting requirements of the Charities Act
have not been met.. or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the
accounts to be reached.
Jdcia•7 RAilliFS
Adrian Phillips FCA
Arlo Accountanry Limited
107 Valley Road
Stockport
SK4 2DB
2510312026

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Saint Philips Chapel Street
Balance sheet as at 31 December 2025
Note
2025
2024
Flxed a55ets
TanElble assets
Investments
13
14
195,968
201,280
23.469
Totsl flxed assets
195,968
224 749
Currerrt assets
Debtors
Cash at bank and in hand
16,953
80,244
7,392
69,691
Total current assets
97,197
Uabllltles
Creditors.. amounts falling
due in less than one year
16
15,8501
{8,618J
Net current a55ets
91.347
Net assets
287,315
293 214
The fund5 of the thirity.
Restricted funds
Unrestricted funds
17
18
16,725
270,590
20,897
272,317
Totsl charity fvnds
287,315
293.214
The notes on pages 10 to 23 form part of these accounts.
Approved by th
C on 16 M8rch 2026 and signed on their behalf by..
Ms T Burnham ITrusteel
Mr P Brandish (Trusteel

Saint Philip5 Chapel Street
Notes to the accounts for the year ended 31 December 2025
ACCounti￿a policies
The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the
preparation of the financi?1 statements are as follows:
a Basls of preparatlon
The financial staterftents have been prepared in accordance wrth Accounting and Reporting by charities..
Statement of Recornmended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland (FR5 1021 issued in October
2019 - (Charities SORP IFRS 1021. the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 1021.
Saint Philips Chapel Street meets the definition of a public benefit entity under FRS102. Asset5 and
liabilities are initially recognised at historical cost or transaction value unles5 Otherwise stated in the
relevant accounting policy note.
The financial statements are presented in sterling which is the functional currency of the charity and
rounded to the nearest £ sterling.
b Judgments and e5tlmates
The trustees have made no key jLsd@ments which have a significant effect on the accounts.
The trustees do not consider that there are any sources of estimation uncertainty at the reporting date
that have 3 significant risk Df causing a material adiustment to the carrying amount of assets and
liabilities within the next reporting period.
c Preparation ofthe accounts on a golng con¢em basls
The trustees consider that there are no material uncertainties about the charity's ability to continue a5 a
going concern.
d Incorne
The financial statements include all transactions, 3ssets and liabilities for which the PCC is responsible in
law. They do not include the financial statements of Church groups that owe their main affiliation to
another body nor those that are informal gatherings of church members. Income is recognised on the
accruals basis and 1$ 311ocated to the activity for which it relate5.
Donatlons In klnd
Donated goods are recognised as income when the charity has control over the item. any conditions
associated with ihe donated item have been met, the receipt of economic benefit from the use by the
charity of the item is probable and that economic benefit can be measured reliably. In accordance with
the Charities SORP IFRS 1021, general volunteer time is not recognised." refer to the tru5tees' annual
report for more information about their contribution.
10

Saint Philips Chapel Street
Notesto the accounts forthe year ended 31 December 2025 {¢ontlnued)
f Interest receivable
Interest on funds held on deposit is included when receivable and the 3mount can be measured ieliably
by the charity,. thi5 is norm311y upon notificatiori of the interest paid or payable by the Bank.
8 Fund accountlng
General funds represent the funds of the PCC that are not subject to any restrictions as to their use and
are available for application on the general purposes of the PCC.
Designated funds are unrestricted funds of the PCC which the trustees have decided at their discretion
to set aside to use for 3 specific purpose.
Restricted funds are donètions which the donor has specified are to be solely used for particular areas of
the PCC'S work or for specific projects being undertaken by the charity.
h Expendlture and Irrecoverable VAT
Expenditure is recognised once there 15 a legal or constructive obligatior) to make a payment to a third
party, it is probable that settlement will be required and the amount of the obligation can be measured
reliably.
Irrecoverable VAT 15 charged as a cost against the acrivity for which the expenditure was incurred.
l Tangible fixed a$5ets
Tangible fixed assets are init1311y measured at cost and subsequently measured at cost of valuation. net
of depreciation and any impairment losses.
Depreciation is reco8nised so as to write off the cost or valuation of assets less their residual values over
their useful lives. A full year of depreciation Is charged in the year of purchase and there after on the
following bas15'.
Freehold Land
Freehold buildings 3nd improvements
IT Equipment
Furniture and fitting5
None
2% straight line
20% straight line
20% straight line

5alnt Philip5 Chapel Street
Notes to the actounts for the year ended 31 December 2025 (continued)
FL¥ed asset investments
Investments are a form of basic financial instrument and are initially recognised at their transaction value
and subsequently measured at their fair value as at the balance sheet date using the c105ing quoted
market price. The statement of financial activities includes the net gains and losse5 arising on revaluation
and disposals throughout the year.
The Chari(y doe5 not acquire put options, derivatives or other complex financial in5trurnents.
k Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
I Cash at bank and In hand
Cash at bank and cash 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.
Creditors and provlslons
Creditors and provisions are recognised where the charity has a present obligation resulting from 3 past
event that will probably result in the transfer of funds to a third party and the amount due to settle the
obligation can be measured or estimated reliably. Creditors and provisions ale normally recognised at
their settlement amount after allowing for any trade discounrs due.
n Flnancial Instruments
The charity only has financial assets and financial liabilitie5 of a kind that qualify as basic financial
Instruments. Basic financial instruments are initially recognised at transaction value and subsequentlv
measured at their settlement value with the exception of bank loans which are subsequently measLtred
at amortised cost Using the effective interest method.
o Penslons
The charity participates in the Pension Builder Scheme section of the Church Workers Pension Fund
ICWPFI for lay staff. CWPF is administered by the Church of England PenSlDns Board, whlch holds the
QAIPF assets Separately from those of the Employer and other participating employer5.
CQPF has two sections..
l. The Defined Benefit5 Scheme
2 the Pension Building Scheme whish as two subsections
a, a deferred annuity section known as Pension Builder Classis: and
a cash balance section known as Pension Builder 2014
12

Saint Phllips Chapel Street
Notes to the accounts for the year ended 31 December 2025 {¢ontlnuedl
o Pension5 Icont....)
Pension Builderscheme
Both sections of the Pension &uilder Scheme ore classed as defined benefit schemes.
Penslon Bullder Classic provide5 a pension, accumulated from contributions paid and converted into a
deferred annuity during employment based on terms set and reviewed by the Church of England
Pensions Board from time to time. Discretionary increases may also be added, depending on investment
return5 and other factors.
Pension Bullder 2014 is a cash balance scheme that provides a lump sum which fnembers use to provide
benefits at retirement. Pension contributions are recorded in an account for each member.
Discretionary bonuses may be added before retirement, depending on Investment returns and other
factors. The account, plus any bonuses declared is payable, unreduced. from age 65.
There 15 no sub-division of assets between employer5 in each section for the Pension Builder Scheme
The scheme is considered to be a multi-employer scheme as described in Section 28 of FR5102. This is
because it is not Possible to attribute the Pension Builder Scheme's assets and liabilities to specific
employers and means that contributions are accounted for as if the scheme were o defined contribution
scheme. The pensions Costs charged to the SOFA in the year are the contributions payable £5,864
12024.. £6,493).
A valuation of the Pension Builder Scheme is carried out once every three years. The most recent
valuation was carried out as at 31 December 2022.
For the Pension Builder Cla55ic section, the valuation revealed a surplus of £34.8m on the ongoing
assumptions used. At the most recent annual review effective l J3nuary 2026, the Board chose to grant
a discretionary bonus of IO% to both pensions not yet in payment and pensions In payment in respect of
service prior to April 1997,. and B bonus on pensions in payment in respect of post April J997 service so
that the pension increase was also IO% (where usually it would be calculated based on inflètion up to an
annual cap of S% for pensions in payment in respect of service prior to April 2006 and 2.5% for pensions
in payment in respect of service post April 20061. This followed improvernents in the funding position
over 2025. There is no requirement for deficit Payments at the current time.
For the Pension Builder 2014 section, the valuation revealed a surplus of £8.5m on the ongoing
assumptions used. There is no reouirement for deficit payments al the current time.
The neKt valuation is due as at 31 December 2025.
The legal structure of the scheme is such that if another employers fails, the charity could become
responsible for paying a share of the failed employer's pension liabilities.
Legal status of the charlty
The charity was registered on 22 February 2018 with the Charity Commission in Englané anrj Wales
The registered office of the charity is St. Philips Church, 2 Wilton Place, Salford, M3 6FR
13

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Salnt Phlllps Chapel Street
Notes to the axounts for the year ended 31 December2025 l¢onUnuedl
Anly4s of exFeThJlture on tharitable K¢Mtk9
Unrestricted
Restricted
Total 2025
Unre5trirted
Re51rirted
Toto12024
ChafftableAcbvit￿5
Worship
4,068
5.316
5.316
CornmwRy
Refreshments
Conferentr 8nd event5
05Pltalty
5,225
18.285
2,510
26,020
5.225
J8.285
2,510
26.020
4.158
12,451
813
17.422
4.158
12,451
813
17,422
Mlssbn
Church
Grants
1.116
3.171
4,28?
25.473
26.589
3.171
29.760
21,394
22,335
3,036
25.371
3,036
5,977
25.473
21,394
Central fte50ur
1,4C6
L343
1,406
1343
1,483
1.4182
1.209
Kldsand youth resource5
Newwine Dis¢ipleship
Year trainin8
General office
Buikling runnin8costs
Repair5 and mainttnance
Salarie5 Wages
Pensbng
siudents
5,507
10.096
21,188
46,853
113.143
5,863
1,197
1.626
6C
36.771
1.354
7.663
1.696
5,212
261,618
2.113
7,620
10,096
23,288
46,853
123.143
5,863
1225
1,626
4,657
10,666
31,137
29,293
JW.949
6,493
369
3,045
8.743
10.666
31.137
29.293
127,582
6.493
369
3,015
10.000
26,633
28
Par15h Share
Fees repaidto Dictrse
Atcountancy
Bank charges
DEpreciaiion
36,771
1.354
7,663
1.696
5,31Z
273,759
37,026
1,947
6.773
1,410
5,714
242.170
37.026
1.947
6.773
1.410
5.714
272,889
12.141
30,719
295.993
37,614
333,607
268,BX5
52,JlS
320,998
16

Salnt Philips Chapel Street
Notes to the accounts for the year ended 31 December 2025 Icontinuedl
Net Incomellexpenditurej forthe year
This is stated after charging..
2025
2024
Depreciation
Independent examiner's fee
5,312
2.400
5,714
2,640
Stsff costs
Staff costs during the year were a5 follows..
2025
2024
Wages and salaries
Social security costs
Pension costs
120,459
2,674
5,864
123,431
4.151
6,493
128,997
134.075
No employe￿ has employee benefits in excess of £60,00012024.. Nill.
The average number of staff ernployed during the period was 612024.. 71.
The average full time equivalent number of staff employed durinE the period was 4.3212024: 4.841.
10 Trustee remuneration and expenses, and related partytransactlons
During the year Agnieszka Hawkins and Sarah lones were paid remunèration and benefits tot8llin8
£11,89612024.. £26,1661. This was not connected to their roles as trustees. No trustee was reimbursed
expenses12024.. nill.
There are no donations from related parties which are outside the normal course of business and rio
restricted donatlons from related Darties.
No trustee or other person related to the charity had any personal interest in any contract or
transaction entered into by the charity, including guarantees, during the year12024.. nill.
17

Saint Philip5 Chapel Street
Notes to the accounts for the year ended 31 December 2025 Icontlnued)
11 Grants
During the year the charity made the following grants of £1,000 or more to-.
202S
2024
Anglican Diocese of Morogoro, Tanzania
People International Limited
1.000
J,000
1,000
12 Corporation tsx
The charity ig exempt from tax on income and gains falling within Chapter 3 of Part 11 of the
Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent
that these are applied to its charitable objects. No tax charBe5 have 2ri5en in the charity.
Flxed assets: tsngible assets
Freehold
Property
Furniture
& Fittings
equipment
Total
At l January 2025
199,465
34,731
16,639
250,835
At 31 December 2025
199,465
34,731
16,639
250,835
Depreciation
At l January 2025
Charge for the year
2,004
2,940
31,206
2,225
16,345
147
49,555
5,312
At 31 December 2025
4.944
33,431
16,492
54,867
Net bookvalue
At 31 December 2025
194,521
1,300
147
195,968
At 31 December 2Q24
197,461
3,525
294
201,280
18

Saint Philips Chapel Street
Notes to the accounts for the year ended 31 December 2025 (continued)
14 Investments
2025
2024
Market value at rhe start of the year
Dividends reinvested
Disposals at carrying value
23,469
163
123,6321
24.465
1,861
12,857)
Market value at the end of the year
23,469
Investments at fair value comprised..
Investment funds
23,469
23,469
Invesiments are all carried ai fair value and are all traded in quoted public mzrkets.
15 Debtors
2025
2024
Tax Recoverable
Trade debtors
Other debtors
Prepayments and accrued income
5,128
7,440
3,854
1,450
2,088
4,385
16,953
7,392
16 Credltors: amounts falling due within one year
2025
2024
othÈr creditors and accruals
5,850
8,618
5.850
8.618
19

Saint Philips Chapel Street
Notes to the accounts for the year ended 31 Decernber 2025 (continued)
17 Analysls of movements In restrictsd fijnds
saiance
atl
January
2025
Balance at 31
December
2025
Income
Expenditure
Transfers
Community Outreach
New Wine Discipleship
Year
Heritage
Seedbed vulnerable
Women Project
Outreach Fund
ACTS4356
Bags of Hope
Project Pearl
Ukraine
lust Sow
7,346
14,9881
2,358
914
1,576
1,200
12,1131
1,576
1,570
1,570
10,000
iio,0001
1.912
7,397
1,912
8,154
18,583
2,659
17,8261
12,6591
182
182
972
1,000
1281
Total
20,897
33,442
137,6141
16,725
Comparatfve perlod
aiance
atl
Januarv
2024
Balance at 31
December
2024
Income
Expenditure
Transfers
Community Outreoch
New Wine
Discipleshlp Yeor
Heritage
Seedbed vulneroble
Women Project
Strategic
Development Fund
Outreoch Fund
ACTS4356
Bogs of Hope
Project Peorl
Ukraine
8, 789
95
{1,538J
7,346
5,000
(4,086)
914
1,576
1,576
1.570
1,570
11.633
15,000
50
16,649
56
111,633)
115,OOOJ
1,862
10,548
1,912
7,397
{19,800J
(56J
182
182
Total
24,527
48,483
(52.113)
20,897
20

Saint Phillps Chapel Street
Notes to the accounts for the year ended 31 December 2025 (contlnuedl
17 Analysi5 of movements in restrltted funds Icont....)
Name of
restrltted fund
Descrlptlon, nature and putpose5 of the fvnd
The Community Outreach fund is for outreath work in the local community and
Community Outreach pioneerinE ministry to the disadvantaged.
New Wine Discipleship The New Wine Discipleship year is a course for young people which they fund
Year
themselves and which is restricted to payin@ for the expense5 of the course.
In 2018 the PCC received a Heritage lottery grant of £10,000 towards a project
titled.. Saint Phllips Church-. Loving and Serving a community through the first
world war.
Heritage
Seedbed vulneiable
Women Project
£5,000 grant from Seedbed to start a ministry to vulnerable women who live
and work on the streets
Strategic Development This 15 income from z Church Commissioners Grant to fund salary and oncosts
Fund
for the Operations Manager.
Outreach Fund
This represents grant funding received towards the salaries of Outreach
Manager and Outreach Worker. In 2025 and 2024 we received £lO.O(KJ from
the Joseph Rank Trust and £5,OJO from the Albert Hunt Trust in 2024.
ACTS4356
This represents funds which are used to cover costs of furniture and utility bills
for vulnerable families in our community.
These are funds for the Bags of Hope project which offers essential goods to the
homeless and sex workers. The figure Includes a value placed on donations in kind.
Ba85 of Hope
Project Pearl
Funds given for the Project Pearl Icharlty Number 12035061 and passed on in year.
In the small town of Oslroda, Polhnd. there Ss a retreat camp called Camp
Ostroda in the wake of the tragic war in Ukraine they have taken in 170
Ukrainian refugees. They are delivering Supplies to the 501diers on the border
and bringing hope into the lives of hundreds of people. We are partnering with
Ukraine
Jvst Sow
Fundin8 for worship nights
21

Saint Philip5 Chapel Street
Notes to the accounts for the year ended 31 December 2025 Icontinuedl
18 Analysis of m*)vement In unrestricted funds
Balance
atl
January
2025
Asat31
December
2025
Income
Expenditure
Transfers
General fund
Designated funds:
Chapel Tots
Church Planting
Building
Redevelopment
Property fund
AIDha
39,986
292,612
1287,4671
111,1601
33.971
S34
15341
34,870
9,600
44,470
1,500
13,0601
IS,3121
1,560
197,461
192,149
3,000
3,000
272,317
297,646
1296,3731
270,590
Comparatfve period
113iance
atl
January
2024
Asat31
December
2024
Income
Expenditure
Transfers
General fund
Designated funds:
Chapel Tots
Church Planting
Tanzania fund
Building
Redevelopment
Property Fund
31,861
298,436
1259,8111
130,5001
39,986
63
25.270
2,000
387
14501
9.600
34,870
12,0001
3.672
145
14,6201
12,0041
803
199,465
197,461
62.866
298,968
1268,8851
179,368
272.317
Analy51s of movement In unrestrtcted funds IconL...}
Name of
unrestrlrted fund
Descrlption, nature and purposes of the fund
General fund
The free reserves after allowing for all designated funds
Chapel tots 15 3 Parent and Toddler group we run which is funded from an
approximately £1 per person donation and is self funded.
Chapel Tots
22

Saint Philip5 Chapel Street
Notes tothe accountsforthe year ended 31 December 2025 (continued)
18 Analysls of movement in unrestrfrted fvnds Icont....)
Saint Philips Chapel Street is committed to planting a church every 3 to 4 year5
and therefore we Set aside a regular amount of money in our savin8 account
which is released as an unrestricted gift or a start up fund for the church plant.
Church Planting
Tanzania fund
This Compri5e5 funds set aside to give to a Tearfund project in Tanzania
Building
Redevelopment
Over the last few years the church has experienced significant growth and in
order to enable various ministries to continue on this trajectory the trustees
have recognised the need to redevelop the building. We are committed to
raising the funds through general giving as well as applying for funding to
various organisation5 and charitable trusts. Therefore we have created a
de51Rnated fund.
Property Fund
This represents the net book value of the property purchased in 2024.
Alpha
Funding to run Alpha courses
19 Analysls of net assets between funds
Unrestricted
funds
Restricted
funds
Endowfnent
funds
Total 2025
Tangible fixed assets
Net current assetsllllabilitlesl
195,968
74,622
195,968
91,347
16,725
Total
270,590
16,725
287,315
Comparatfve perlod
Unrestrirted
funds
Restricted
funds
Endowment
funds
Total 2024
Tangible fixed assets
Fixed asset investments
Net CLirrent as5ets/lliabilities1
201,280
23,469
47,568
201,280
23,469
68,465
20,897
Total
272,317
20.897
293,214
23