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2025-12-31-accounts

The Parochial Church Council of the Ecclesiastical Parish of Gleadless Valley

(Known as “Holy Cross Gleadless Valley PCC”)

Annual Report and Financial Statements For the year ended 31 December 2025

Registered charity number: 1179675

Holy Cross Gleadless Valley PCC Index

Page
Administrative information 1
Annual Report 2 - 12
Independent Examiner’s report 13
Receipts and payments account 14
Statement of assets and liabilities 15
Notes to the accounts 16– 17

Holy Cross Gleadless Valley PCC Administrative information For the year ended 31 December 2025

Holy Cross Church is situated in Gleadless Valley overlooking the city of Sheffield. It is part of the Diocese of Sheffield within the Church of England.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GLEADLESS VALLEY was registered with the Charity Commission on 28[th] August 2018 with Registered Charity Number 1179675.

From 1 January 2025 to the signing of the accounts, the Parochial Church Council has consisted of:

Rev’d David Middleton Vicar, Chairperson Abraham Aboagye Church Warden Mark Spence Church Warden Melanie Hobbs Elected Member (from April 2022, retired April 2025) Emeka Okereke Elected Member (from May 2023) Pierre Kabaya Elected Member (from April 2024) Jono Chamberlain Elected Member (co-opt May 2024, elected April 2025) Guy Lachlan Elected Member (from May 2023) Deanery Synod Rep (from Nov 2023) Florence Murorunkwere Elected Member (from May 2023) Sunday Dawodu Deanery Synod Rep (from January 2024) Steven Rich Elected member (from April 2024) Tony Wallace Co-opted member (from May 2024, again April 2025) Abigael Akinbobola Elected member (from April 2025) Rev’d Thomas Fish Co-opted member (From March 2026)

PCC Secretary: Tony Wallace (from July 2024)

Treasurer: Martin Bell

Church address :

Holy Cross Church, Spotswood Mount, Sheffield, S14 1LG www.gleadlessvalleychurch.org.uk

Correspondence address:

The Vicarage, 5 Blackstock Close, Sheffield, S14 1AE church@hcgv.org.uk

The PCC’s bankers are:

Virgin Money (previously known as Yorkshire Bank) Shawbrook Bank Limited Charity Bank Limited

The Independent Examiner is:

Susan Cochrane FCA DChA, Seven Hills Accountants Limited, 57 Burton Street, Sheffield S6 2HH

1

Holy Cross Gleadless Valley PCC Annual Report

For the year ended 31 December 2025

MISSION STATEMENT AND AIMS

Holy Cross is a diverse evangelical Anglican Church in the Church of England. It is in the parish of Gleadless Valley, within Attercliffe Deanery and part of the Diocese of Sheffield.

Our mission statement (revised in early 2024) remains the same.

It is: to Glorify God – Father, Son and Holy Spirit by:

We aim to fulfil this mission by being disciples who help others be disciples:

1. Knowing God through Jesus Christ:

2. Growing together in Jesus Christ as a church:

3. Serving Jesus Christ in Gleadless Valley and Beyond:

The PCC continued to focus on the 6 Priorities for 2024-2029 :

2

Holy Cross Gleadless Valley PCC Annual Report For the year ended 31 December 2025

Priority 1: Responsible Governance

Holy Cross continues to prioritise transparent and accountable governance. This has been reflected in the following:

We will continue to build on these foundations to ensure we maintain Responsible Governance in 2026/7.

Priority 2: Staff Team

The staff team comprises the following posts/roles:

Holy Cross is led full-time by the Rev’d David Middleton.

This post is occupied in a full-time capacity by Pierre Kabaya whose contract was extended to June 2026 anticipating a new 3-year contract in July 2026. As will be highlighted below, the full finances for a new 3-year contract were almost achieved by the end of 2025.

This post is filled by Rev’d Sunday Dawodu. He began a 3-year contract in November 2023. During 2025, we sought funding support for a second 3-year contract and, by the end of 2025, we had raised almost all the financial support required to make this a reality.

This post is voluntary and unpaid and is fulfilled by Aly Middleton. Aly is responsible for overseeing ministry among the women at Holy Cross and supporting the ministry of the Vicar and Staff Team – especially with respect to pastoral visiting and youth/children’s ministry.

Ministry Trainee/Gap Year Ministry Experience Scheme:

As indicated above, securing funding for our Staff Team was a real priority. At the time of writing, we have managed to raise/receive pledges/promises of regular grants which, if continued, will fund 81% of

3

Holy Cross Gleadless Valley PCC Annual Report For the year ended 31 December 2025

the employment costs for new 3-year contracts for both our paid members of staff. This support has come from partnerships with current/previous and new individuals/charities/churches. Most wonderfully, over £30,000 of this came from additional giving by church family in response to our annual Giving Season. This was truly miraculous, given the deprivation that many of our church family live in.

While each of the members of the Staff Team above have particular roles/ areas of ministry to focus on, all of them share in the day-to-day ministry of Holy Cross. Often ministries overlap – hence the report below does not contain a specific report from each of them. During 2025, our staff team were asked to share our experiences and patterns of ministry at a series of events/meetings for culturally diverse churches in the diocese and at a local meeting of churches under the Spiritual Oversight of the Bishop of Ebbsfleet.

Priority 3: Building

This year, the building became a significant focus of attention – in terms of use by the wider community, the need for more space and issues of maintenance/repair.

Use by others: Although the building has been used regularly by local groups, the transformation of the local Community Hall, at Newfield Green, into a Mental Health Hub, meant that our premises became a much sought-after venue. We were very pleased to welcome local groups and organisations to use our building and they have very much appreciated our willingness to accommodate them. This has been especially important as there is no other large building in Gleadless Valley that can accommodate larger groups. Those currently using the church buildings include: The Gleadless Valley Tenants’ and Residents’ Association (for a regular children’s Dance Group and General Meetings); Regeneration Project Board Meetings; Gleadless Valley Family Fun Day Meetings; Gleadless Valley Talent Show; Valley Youth Hub (for events and programmes associated with Healthy Activity and Food programme); Gleadless Valley Partners; Sheffield City Council (South Locality Area Committee meeting); Swahili Club; and S6 Foodbank.

More Space needed: Due to on-going growth in numbers attending on Sundays, the PCC had already engaged our architect to consider affordable ways of providing more space. These plans included a small stand-alone extension and the re-purposing of large containers. Neither of these really addressed the issue of space appropriately.

Roof Replacement: The need to replace our roof is an on-going reality – especially when it rains. The roof is covered in concrete tiles whose working-life (40-60 years) has already been exceeded, and this is leading to increasing leakage. We have been advised that replacement rather than repair is required. This may involve replacement of the timber structure as well – and a more in-depth assessment will be required to ascertain this.

Main (structural) window : It became evident that there were issues with the concrete surrounding the main window – which is structural. Extensive surveys (inside and out) revealed that, whilst the structure was sound, repairs would be needed. These would require the removal of the window. In the meantime, to keep people safe from any small fragments of concrete fall, we sought a professional risk assessment and followed the advice to screen off the Communion Table area and fence off the exterior area around the window. The cost of these surveys was £25,000 which made a very significant impact on our General Fund. We are awaiting costings for this remedial work on the window and a more in-depth appraisal of the roof.

One Project - 3 Aspects: The roof and window issues led us to seek regular advice from Sheffield Diocese.

4

Holy Cross Gleadless Valley PCC Annual Report For the year ended 31 December 2025

At a meeting in October, we were encouraged to consider whether our other significant need – that of more space – might be progressed at the same time. Following further meetings, the PCC decided to bring these 3 aspects of our building together under one project. They revisited plans drawn up by our architect, Anya Sutton (Thread Architects) and planned a wider consultation with Ministry Coordinators and others involved in leadership at Holy Cross for January 2026. This meeting, with Diocesan Buildings’ Staff in attendance, unanimously agreed that we should progress an extension at the same time as seeking to repair the window and replace the roof.

During 2026-7, we will continue to take this combined project forward – seeking appropriate funds from outside organisations – while (as per a PCC Resolution) not seeking funds that come from the profits of gambling. We will also seek to complete other building issues raised by the 2024 Quinquennial Inspection – report due early 2026.

Activities and Achievements

Priorities 4-6 reflect the three main aims for church life and how we work out our Mission Statement in respect to our relationships with: God in Jesus, with each other in the church and with those in our community and further afield. These were revised in the last year and are now:

Our usual ministries are shaped by these priorities and include the following:

5

Holy Cross Gleadless Valley PCC Annual Report For the year ended 31 December 2025

Below is a more detailed look at Priorities 4-6 :

Priority 4 – Growing Disciples of Christ through access to God’s Word and being transformed by it.

6

Holy Cross Gleadless Valley PCC Annual Report For the year ended 31 December 2025

We intend to build on these foundations in 2026/7.

Priority 5 – Facilitating Relationships across our diversity of background, age, culture and language.

7

Holy Cross Gleadless Valley PCC Annual Report For the year ended 31 December 2025

In 2026/7, we intend to continue building on how we are already working out Priority 5.

Priority 6 – Deepening Relationships with our community and Mission Partners.

Priority 6 is aimed at helping us deepen our relationships within Gleadless Valley and beyond to our Mission Partners and Partner Churches in UK and around the world.

We have worked hard on deepening our relationships locally in Gleadless Valley, within Sheffield Diocese, and with Mission Partners and Partner Churches in Sheffield, elsewhere in UK and around the world.

Ways in which we have been seeking to work out this Priority include:

In 2026/7, we aim to further deepen all the above relationships in Gleadless Valley and beyond.

8

Holy Cross Gleadless Valley PCC Annual Report For the year ended 31 December 2025

Conclusion

With God’s help, as we move into 2026/7, we aim to remain focussed on our 6 Priorities and working them out in fulfilment of our Mission Statement. We pray therefore, that, guided and facilitated by God, He may continue to develop His work, in us and through us, as He opens and closes doors in His perfect, good and loving plan. To Him be the glory.

Finance Review

Giving to God’s work at Holy Cross relies on teaching from God’s Word and prayer. Due to personal circumstances, giving may go up, down or stay the same. By the end of 2025 there were 25 families / individuals, from the church family or external supporters, who had made a commitment to give regularly by Standing Order. 18 tax-paying members have also signed Gift Aid forms enabling the church to reclaim tax from the government. This commitment to give regularly is so helpful to the Church Council as it enables it to plan for future ministry and associated expenditure.

In 2025, the General Fund (unrestricted) giving by standing order, contactless card, bank transfer, cash in Sunday collections and other donations along with reclaimed tax through the Gift Aid scheme totalled just over £93,000. Of this £32,137 was transferred to the designated employment fund and the remaining amount is to cover all church running costs, including:

The targeted (restricted) giving and grants received during 2025 is just over £63,000. This is mainly to cover:

A legacy of £30,000 was received into the designated development fund and then transferred to the designated employment fund.

Finance Planning

Many in the church family are struggling with the increased cost of living. Securing external funding and grants is becoming more challenging. There are large financial burdens on the horizon mainly due to the need to replace the roof, concrete repairs to the main window, our employment commitments as well as the need for more space. The PCC is extremely grateful for the sacrificial giving by the church family and others who financially give to support work at Holy Cross. Please continue to pray for appropriate finance to support God’s work here in Gleadless Valley.

9

Holy Cross Gleadless Valley PCC Annual Report For the year ended 31 December 2025

In order to help the monitoring of accounts, the PCC has created the following funds into which all income and expenditure is assigned:

We are an Anglican church within the Diocese of Sheffield and Doncaster. We contributed £10,500 to the Common Fund towards their costs of:

Reserves policy

It is the policy of the PCC that unrestricted funds, which have not been designated for a specific purpose, should at least be maintained at £20,000. The PCC considers that reserves at this level will ensure that, in the event of unforeseen costs, they will be able to immediately address the issue whilst demonstrating our dependence on God. Free reserves at 31 December 2025 were £16,963 (2024: £26,504). This was lower than intended due to the investigative work on the main window. The PCC also holds Designated Funds of £101,098 (2024: £58,346).

We should all give thanks to God for the considerable sacrificial giving by the church family and partner churches to enable this growing ministry within Gleadless Valley. Pray also that the PCC will make wise decisions to be good stewards of these resources.

Structure Governance and Management

The method of appointment of PCC members is set out in the Church Representation Rules. At Holy Cross, Gleadless Valley, during 2025, membership consists of our vicar as the chairperson, two churchwardens, two representatives on the Deanery Synod, two co-opted members and 7 members elected by the church family from those who are on the Electoral Roll. One of these members retired after the Annual Parochial Church Meeting in April.

All those in the church family are encouraged to be on the Electoral Roll, which at the time of the APCM in 2025 was 60.

10

Holy Cross Gleadless Valley PCC Annual Report For the year ended 31 December 2025

The full PCC has met nine times during the year. The Standing Committee, a sub-group of the PCC, meets between PCC meetings (four times) to deal with any urgent and planning business. Each meeting begins with time in God's Word and a time of prayer. They discuss church finances and the upkeep and best use of our building always giving thanks to God for how He has generously provided for the growing church family.

The PCC hears reports on various situations in church life, both locally and nationally, looking back on what has already happened and then looking ahead to what is coming up. This includes planning for and reflecting on outreach to the local community as well as church family events.

At every PCC meeting we consider the needs of our growing church family along with progress with our agreed priorities. We also consider and respond to issues affecting the national and local church scene. The PCC has complied with the duty to have ‘due regard’ to the House of Bishops’ Safeguarding Policy and Practice Guidance. There is always a report on Safeguarding and Health & Safety concerns together with consideration of any action to be taken.

In order to avoid any conflict of interest, PCC members are excluded from discussions and decisions in which they may be personally affected. For example, discussions regarding allowances and expenses.

Trustees’ responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a Trustees’ Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to:

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 that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.

11

Holy Cross Gleadless Valley PCC Annual Report For the year ended 31 December 2025

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.

The annual report and financial statements were approved by the PCC on 19th April 2026

Signed on their behalf by

Rev’d David Middleton

12

Independent Examiner’s report to the PCC Members of Holy Cross Gleadless Valley PCC

I report to the PCC members on my examination of the accounts of Holy Cross Gleadless Valley PCC (the Charity) for the year ended 31 December 2025.

Responsibilities and basis of report

As the PCC members of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Susan Cochrane, FCA, DChA

Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH

Date:

29 Apr 2026

13

Holy Cross Gleadless Valley PCC Receipts and payments For the year ended 31 December 2025

Receipts from:
Donations and grants
Planned giving
Giving via Collection plate
Other donations
Gift aid reclaimable
13:33 Trust - Families Ministry
St Luke's Wimbledon - International Ministry
Emmanuel Church Wimbledon
St John's Fellowship
St Helen's Bishopsgate
Sheffield City Council - HAF funding
Sheffield City Council - Cost of living support
The Diocese of Sheffield
Sheffield City Council - Community Buildings
Gospel Partners Trust
Sheffield Church Burgesses Trust
Stewardship
Other income
Fees
Rents received
Other income
Investment income
Total receipts
Payments:
People
Vicarage Expenses
Clergy Expenses
Staff salaries
Buildings
Properties & Facilities
Utilities
Insurance
Ministry
Diocese - Common Fund
Bookstall
Catering
Youth & Children
Women's ministry
Ministry Expenses
Fee Expenses
Parish Administration
Vicar's Discretionary Fund
Outreach work
Printing and Publicity
Training and Conferences
Independent examination fee
Mission Partners
Mission Partners
Net receipts/(payments)
Transfers
Net movement in funds
Total cash funds brought forward
Total cash funds carried forward
General
funds
£
28,153
4,094
50,305
11,148
-
-
-
-
-
-
-
-
-
-
-
-
308
5,059
90
5,112
104,269
2,818
506
-
32,468
4,358
1,888
10,500
45
586
3,270
404
4,183
-
8,974
-
1,185
690
1,858
741
5,300
79,774
24,495
(34,036)
(9,541)
26,504
16,963
Designated
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
30,000
-
-
-
-
30,000
-
-
18,718
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
18,718
11,282
30,470
41,752
59,346
101,098
Restricted
funds
£
2,585
-
1,526
7,919
6,000
3,420
4,000
-
2,500
5,448
-
5,000
-
5,000
20,000
500
-
-
-
-
63,898
-
-
45,134
-
-
-
-
-
-
-
-
-
780
-
2,179
3,347
-
-
-
-
51,440
12,458
3,566
16,024
46,349
62,373
2025
Total
£
30,738
4,094
51,831
19,067
6,000
3,420
4,000
-
2,500
5,448
-
5,000
-
5,000
20,000
30,500
308
5,059
90
5,112
198,167
2,818
506
63,852
32,468
4,358
1,888
10,500
45
586
3,270
404
4,183
780
8,974
2,179
4,532
690
1,858
741
5,300
149,932
48,235
-
48,235
132,199
180,434
2024
Total
£
24,881
6,044
12,403
8,169
6,000
6,840
4,000
5,000
2,500
2,718
5,000
4,400
750
-
-
-
718
3,963
-
3,191
96,577
3,347
901
63,180
14,114
4,871
830
9,650
-
715
4,093
419
3,360
720
6,135
5,854
4,581
134
1,020
720
4,500
129,144
(32,567)
-
(32,567)
164,766
132,199
14

Holy Cross Gleadless Valley PCC Statement of Assets and Liabilities As at 31 December 2025

Cash funds
Bank accounts
Total cash funds
Debtors
Rents receivable
Gift aid recoverable
Other amounts receivable
Total debtors
Liabilities
Ministry costs
Total liabilities
General
funds
£
16,963
16,963
465
649
944
2,058
2,440
2,440
Designated
funds
£
101,098
101,098
-
-
-
-
Restricted
funds
£
62,373
62,373
-
-
-
-
Total
2025
£
180,434
180,434
465
649
944
2,058
2,440
2,440
Total
2024
£
132,199
132,199
-
1,586
-
1,586
1,335
1,335

Approved by the PCC on 19 April 2026 and signed on their behalf by:

Rev'd David Middleton Trustee

15

Holy Cross Gleadless Valley PCC Notes to the financial statements For the year ended 31 December 2025

1 Accounting policies

Basis of preparation

The accounts are prepared in line with the Charity Commission guidance on "Receipts and payments" accounts and the Church Accounting Regulation 2016.

Receipts & payments account

Receipts and payments accounts are statements that summarise the movement of cash into and out of the organisation during the financial year. In this context "cash" includes cash equivalents, for example, bank accounts where cash can be readily withdrawn to pay for debts as they become due.

Funds

General funds are donations and other income receivable or generated for the objects of the organisation without further specified purpose.

Designated funds are set aside at the discretion of the PCC.

Restricted funds are to be used for specific purposes as laid down by the donor.

2 Designated funds

Note
Youth and Children Ministry Fund
Employment fund
Building fund
Development Fund
Cash funds
brought
forward
£
27,185
-
8,298
23,863
59,346
Income
£
-
-
-
30,000
30,000
Expenditure
£
(18,718)
-
-
-
(18,718)
Transfers
£
(1,667)
62,137
-
(30,000)
30,470
Cash funds
carried
forward
£
6,800
62,137
8,298
23,863
101,098

Youth and Children Ministry Fund

We cannot rely on external funding for the Youth and Children's Ministry and we are therefore steadily building up the fund from the General Fund to ensure there is sufficient to commit to a 3 year contract.

Employment fund

This fund is used to support employment costs. The transfer represents the allocation of unrestricted donations and legacies to the employment fund.

Building fund

An extension to the church is planned and in order to do this a substantial sum is needed to be raised. The PCC want, where possible, to transfer money into this fund.

Development

This fund can be used for any developments approved by the PCC.

16

Holy Cross Gleadless Valley PCC Notes to the financial statements For the year ended 31 December 2025

3 Restricted funds

Youth and Children Ministry Fund
International Ministry Assistant Fund
Employment Fund
Vicar's Discretionary Fund
Building Fund
Holiday Activities & Food programme
Major Repair Fund
Cash funds
brought
forward
£
8,830
6,350
23,425
5,964
1,780
-
-
46,349
Income
£
-
-
52,408
812
-
5,448
5,230
63,898
Expenditure
£
(13,206)
(13,209)
(18,719)
(2,179)
(780)
(3,347)
-
(51,440)
Transfers
£
4,376
6,859
(5,568)
-
-
(2,101)
-
3,566
Cash funds
carried
forward
£
-
-
51,546
4,597
1,000
-
5,230
62,373

Youth and Children Ministry Fund

All Youth and Children's ministry employment costs are currently met by this fund.

International Ministry Assistant Fund

All International Ministry Assistant employment costs are currently met by this fund.

Employment Fund

This was created this year to enable supporters to give towards the employment of staff to be determined by the PCC according to need.

Vicar's Discretionary Fund

Includes specific grants, donations and related Gift Aid where appropriate. This fund is used by the vicar to support individuals and families suffering hardship and includes the Food Support Ministry.

Building Fund

To support costs associated with a planned extension to the church.

Holiday Activities & Food programme

Funding received to provide the Healthy Activities and Food Programme. The transfer reflects room rental costs.

Major Repair Fund

Funding received to contribute towards church repairs.

4 Related party transactions

Two trustees of the Charity, P Kabaya and S Dawodu were also employed by the charity during the year as the International Ministry Assistant and the Youth and Children's Minister.

PCC members donated £14,442 (2024: £11,395) in addition to any amounts given within the collection during the year. Of this £11,525 were unrestricted donations and £2,917 restricted donations.

Other related party transactions were:

17