THE GUILD CHURCH COUNCIL OF ST MARGARET PAThENS THE GUILD CHURCH OF ST MARGAREf PAThENS Rood Lane, Eastcheap, London. EC3M IHS Tel: 020 7623 6630 E-mall.. info stmar aret attens.or Webslte: www.stmar aret attens.or Reglstered Charity No: 1181352 Annual Report of the Trustees and Flnanclal Statements of the Gulld Church Council of the Gulld Church of St Margaret Pattens with St Gabrlel Fenchurch for the year ended 31 December 2025 Gulld VScar: The Revd. Andrew Keep 193 Foundllng Court Brunswick Centre London WCIN IQF Bank: HSBC plc. 1-3 Blshopsgate London EC2N 3AQ Independent Accountant.. Andrew Hedger FCA 52-54 Gracechurch Street London EC3V OEH
THE GUILD CHURCH COUNCIL OF ST MARGARET PAThENS 2025 REPORT and ACCOUNTS Contents Church Councll Report 3-15 Independent Examlner's report 16 Balance Sheet 17 Statement of Assets & Llabllities 18 Notes to the accounts 19-23
THE GUILD CHURCH COUNCIL OF ST MARGARET PAThENS Strurture. Governince and Manement Mernbershlp of the Tru5tee5 ThE church iegi5tered wlth the Charity Commission in 2018. At the Annual Meetin8 held In 2019 the composition of the Trustees (the Guild Church Council IGCCII wa5 amended to reflect more c105ely the provisions of the Church Representations Rules 2017. Truslees who slt on the Gulld Church Councll are elected annually at the Annual Meetlng, emtept for the Gulld Vlcar IPrlest-In-Char8el and the Secretary (Parish Clerk), who are ex officlo, In accordance with the Churih Representation Rules. Duiin8 the year. the followlng seryed a5 trustees on the Gulld Churth Councll... Gulld Vicar The AeverEnd Andrew Keep Chalrman of the GCC Church Wardens Mr Steven (Toml jackson Mrs Sarah Hodge Mr Felix Coibett Mr Rlchard Tumer Parlsh Clerk Mr Tony Charlwood Treasurer Mr Stèven IToml Ja¢kson Deanery Synod Represèntatlve M5 Barbara Nicho150n GCC member Mrs Jennlfer 8ryant-Pearson Admlnlstraior M5 Barbara Nlcholson MeetlnÉs Between full meÈting5 of the Gulld Church Councll the Standin8 Comrnittee Is available to transact bu51ness sublett to any directions given by the Guild Church Councll. The members are the Gulld Vicar and the Churchwardens wlth the Admlnlstrator In attendance. The Flnance Commlttee dld not meet durln8 the year, Its busines5 belng transacted by the GCC A Fabric Committee was establlshed durln8 2012 tu report to the Guild Church Counctl. The Council met four times durlng the year Iwlth most members physlcally present in ¢hurch and some on Zoom).
THE GUILD CHURCH COUNCIL OF ST MARGARET PArrENS Alm and Purposes The Guild Churthof St Margaret Pattens exi5t5to promote the gospel In and around the Guild Church and to minister to Its two associated Ilvery companies, the Worshipful Company of Basketmakers and the Worshlpful Company of Pattenrnakers. Also to provide a place gf tranqyility and peace to all people and of all faith5 or none in the City of Lovdon. As such it provides a haven for all who benefit from Its presence in the City open for extended hours, and it15used by schools lor Educational purposes and other organisations for meetin8s. rehearsals etc. To thi5 end the Guild Church Councll IGCCI considers that it fulfils its"Public 8eneflV rèmlt. Oble¢tl¥•s & Actlvltles The GCC is comrnitted to enabllng as many people as possible to worship at the church and become part ol its wider comrnunlty, Our servSce5 and worship embrace all throu8h prayer, muslc and sacrament and the provlslon of a safe spate for personal prayer and rellectlon in the busy Clty. The GCC seeks to provide 5ervlces reflèctln6 the annual cycle of prayer as prescrlbed by the Church of England and addillonally embfacing a cycle of services lor our two livery companles and has done so in 2025 In an open church or throu8h the medium of YouTube on the Internet. Therefore. the GCC promotes throughout the year.. Prayer and worshlp on a regular basls,. Provision of education, counselllng and pastoral care. Mlsslon and outreach. To facllltate thlswork the fjcc keeps the bulldlng open to anyone to vislt from 7.00am to 4.30pm Monday to Frldav. St Margaret Pattens Is part ol a "hub. of churches In the area IncludlnB All Hallows-by.the-Tower and St Mary.at- Hill promotin8ihe gospel and Chrlstlan values. Achl•v•ment and P•rtorman The GCC holds a servlce of Holy CommunSon on Thufsday throughout the year open to all. There are also occaslonal services of Choral Evenson8 scattered throughout the year. All are welcome to attend our worship and are encouraged to become part of the church communily. Services currently are held wilh a mlxture of people attendlng in the con8regatlon and on YouTube durlng the year, with numbers attendlng holdlng up well. There are 66 members of the churth on the Church Electoral Roll lste later report of the Electoral R911 OfflceTI. As the church is sltuated In the City of London where there is liltle residentlal accommodatlon, the malority of the congregation is from the worklng populatSon, few ol whom live wlthin tht Clty. The weekly attendance is very varlable as the congregation usually attend In thelr lunchtime and attendance 15 governed by the vagaries of work, meetlngs etc. (see above) SpEclal servlce5 are held for our two livery companles at various tlmes during the year. (see above) The church Is open for IndivSdual prayer and conternplation (by those of all falth5 and rnonel daily during the week. 15te abovel
THE GUILD CHURCH COUNCIL OF ST MARGARET PArrENS Pmvlslon o educution counsellin ond ostorol are The church welcomes vlsits from primary schools in and around London. The schools visit the church, learn about key historlcal event5 in the City of London. and leam about the fabric of the church and Its history, Chrlstopher Wren and the Fire of London. (The Guild Vicar and the Administrator are both DBS checked.? Counsellin8 is provided by the Guild Vicar and the Adrninistrator. They are available, both by appointment and open acce5s135 available) to hear peoples, problems and offer spirltual advice and guldance. Misslcn & outre¢7ch See above r?latlng to schools. The church h35 provided accommodatlon for the Indian Orthodox Church Dn Sundays. they hold a service each Sunday for resident5 of Indian ethnlc orlBln In Greater London and on other occasions. The GCC Is still forrralislng the relationshlp and the IOC wlll be at St Margaret Pattens under a Licen¢e under Faculty In 2026, for which negtstlatlons are beSn8 flnallsed. It also caters for cholr and brass band rehearsa15 and other uses of the church by communlly groups such as Alcoholics Anonymous. Mlnlstry It has often been dlfflcult to define what a church Is- bulldlnR5, people, Ideas, hlerarthy, those re8ularly In attendance and those infrequently- all have validity, but perhaps one of the better deflnitlon515 protest and people 8athered around a table celebrating thè holy mysterles ol the Eucharlst. Thls works well for St Margaret Pallen5, where Thursday lunchtime 15 very much the focal polnt of the churches Ilfe. Around the moments of the sacrament are clustered musiclans, 51n8ers, adminlstratlon, meetings, dlscusslons, lauÉhter and disappolntment, small fabric repalr5, coffee chats, visltors- all held together something qulte beyond us. The past year has seen not only a holding up ol nurnbers but a Modest increase. The congregation Invariably feels -quorate.not only for hymn sln8in8. but for welcomln8 new people and visitors. flnding someone to dlscuss or deal with somethlnÈ. and for calling for a homily. Thanks lor this 80 to all the team. Since the pandemic the cholr has sun8 weekly, and we are proud and grateful lor all the Dlrector of Muslc doe5, not only for set plecp 5ervlces but for the beauty of mu5+c on any dull wet February- perhap5 the real acid test of qualltv. Our Admlnistrator, Barbara Nlcholson, requlres most speclal mentSon. Day by day, working often late, not only fleldlnB every curlous new requlrernent of her, but malntalnln8 her sense of humour amon8St it all. Money arsd admlnistraiion kept on top of brllllantly. and always an eye to the bigger picture of finance and well-beinÉ, and people knowlng a frlendly welcome lies wlthin the vestry. She has especlally battled and achieved profitable use of the building, iri a competltive and challenBln8 City market. For a part tlme vlcar a tornerstone of the operation. Money Is a thallenge fof any church. but we have more than kept our head5 above water due to generoslty, magination, carefulne55 and sound bookkeepin8. Not only the Treasurer, but a diverse number ol people are responsible for thls nol insl8niflcant achlevement. The coffee stall provides a daily 50ft boundary with the hectic City, so that our doors are never shut hard durln8 the working week. We are thankful for Ray and Raj for providin8 a startin8 polnt for engagement wlth those walking by and for an unusual friendly security. Their contribuliun goes cheerfully beyond their rent. It has also led us to open our baptism and confirmation reglsters agaln thos yèar whith is an encouragement lo all. Those at a greater distance can now participate throv8h YouTube, whlch Is an improvement on the old Zoorn connection. Thanks due to our tech Ilterate church warden, and others who 3551st.
THE GUILD CHURCH COUNCIL OF ST MARGARET PAEN$ The hi8h point of the Friends of St Margaret Pattens year wa5 the summer party, whlch we made also a Patronal Festlval. Not only are the Friend5 friends of the fabric of the church but under our chair's drive seek to be always friends of each other. We value the Ilnks they strengthen with the Clty Corporation and the Livery Cornpanles. The Pattenmaker5 afbd Basketmaker5 have continued to be not so much visitors for special 5ervlces as part of the fabric of our ongolng life, through personalitle5, through their churchwardens, the museum displays, vestry storage arrangements, and not least theirgeneroslty. The joint dlrtner after the Carol Service brou8ht things together aBain particularly cheerfully. Overthe centurles people have wandered into the thurch, and they continue to do 50 as much today. We seek to be inclu51ve in both old and new meaning5 of the term. Some of them keep comlng back, sometlme5 for a few mDnth5 as thelr circumstances determlne, some for 3 few years, and sorne even for decades. What they receive hopefully should be quite beyond them. I first wandered into the church in 2013, and somehow kept wandering In and then found myself part ol It. I received somethln8 beyond myself, and certainly more than l ever deslred or deserved. Rarad AndrÉw Ke•p Gulld Vlcar February 2026 Muslc repNt for 2025 The cholr, In 2025, ha5 continued to serve the church by providin8 hlgh quallty music for every Thursday lunchtime and othèr speclal servlce5. Choir numbers rtmaln stable (typically between 8 and 12 slngersl, with more sin8ers joining for the speilal sèrvlces and even50n8s, where we perform more varied and challen8in8 rnuslc. As usual january started wlth È flourlsh of actlvlty beglnnln8 wlth the Eplphany 5ervlce, followed by Klng Chorles the Martyr and Candlema5. Choral hi8hli8hts Howells Here15 the Lltile Door for Eplphany, the Temperley's version of The EvenlnB Hymn of King Charles and Eccard's Presentatlon of Chrlst in the temple. On fhursday 13, February we had a joyful Baptism servlce for Ray Clark and his fvtu¥e daughter-in-lÈw Eleanor, performing Willlam Lloyd Webber's Prlnce of Peace ma55, Tallls's O lord Glve thy Holy Splrlt, RuttEr's Lead Kindly Llght. concludlng wlth Herbert Murrlll's Carlllon for Organ. At thp be8innln8 of March we had our Ash Thursday Choral Eucharlst, performlng 8yrd'5 Four Part Mass and Mlserere Mel. At our Music & Readln85 for Passiontlde 5ervlcÈ on Maundy ThuTsday we performed a classlc repertolre In¢ludin8 Jacob Handl's Ecce quomodo. Bruckner's Chrlstus Factus E5t, Blow's Salvator Mundi and lottl's CruclfSxus. On Mav 29, we celebrated A5¢Ènsion Day at lunchtlme with the cholr slngin8 Ascendens Chrlstus by jacob Handl and Harold Darke's Communlon Servlce Sn F amon6St other thin8s. This was followed by the Pattenmakers, Ascen51on Day setvice in the evenin8. We 5an8 Wood'5 0 Rex Gloriae and Stanford's Ma8nificat in B flat. We dedicated our july Eveft50n8 to Hans Rashbrook's rnemory close to the Ilrst anniversary of h15 death where we were jolned by some of his friends. The music we sang inEluded Alec Roth's Hatfleld Responses. Stanford's Ma8 and NnC In B flat, Ola Gjeilo's Ubi Caritas and the voluntary Carillon by Herbert Murr111 whlth pald homage to h{$ avld bellrin8ing artlvltlesl In the Auturnn term the cholr perfomied two evensongs. The first was for Michaelma5 seNice including Orlando di Las50'5 Tibl Christe Splendor Patris and TErtlus Noble's settlng In B mlnor. The second was for St CeEilia and the mysic Included Balfour Gardine$ Evening Hymn, Willian Byrd's Gaudeamus Omne5 and Herbert Howell'5 Colleglum Regale. In October thp Harvest Choral Eucharlst Was celebrated wlth Charles Stanford's Communion Service in C and Fear not O land by William Harris. Later in October the 8asketmakers' annual service took place where the choir sang Bruckner's Locus Iste, John Ireland Jubilate Deo in F and Purcell's Rejoice in the Lord alwav.
THE GUILD CHURCH COUNCIL OF ST MARGARET PAThENS November Saw our annual servlce of Remembrance and the mvsic included William Harr15's Holy Is the Trve Ll8ht, Purcell'5 Thou knowest Lord and Burgon's Nunc DimittSs. We were very h3PPV to be joined by Hannah Scales again on trumpet for this evènt. I was very grateful to Tom Shorter who deput15ed for me as this was the day of my fathels luneral. In December we had our Music and Readin85 for AElvent with traditional hyrnn5, readlngs and choral numbers, which included Gibbons This is the Record of John, Jacob Handl's Ecce Conclples and Charles Wood's O thou the central orb. At our annual lunchtime Chrlstmas carol service we performed Gold5midt'5 A tender shoot, john Rutter'5 All the stars looked down amongst other5. For the Livery Festival of Carols In the evenin8, as well as the usual Chr5strnas carols and readings, we san8 mu5Ic Including john Autterfs There is a flower, Morton Lauridson's O ma8num mysterium and lan Crawford's Sussex Carol We have performed a record amount of music this year In tErms of number of services and repertolre. As ever. I have organlsed a ran8e of social events such as the brin8 and share lunch. pub trlps and drinks and nibble5 after servlces to faci15tate the bullding of stron8 friendships amon8St cholr members and Increasingly with members of the congregation. I hope that thi5 will grow next year wlth the support of the church. I would Ilke lo express my thank5 to all the loyal choir member5 Wlth who I hove worked to cover the music lor all the servlces. This has meant that the church has been able to enloy choral music at every single service. Our choir 15 unique to the City In that we are the only amateur cholr that provides all the regular music in such a wonderful Wren acoustlc. My huge thanks go to the slnger5 for thelr regular and sustained commltment and hope to see the church grow and dEvelop as a ¢omrnunitv. Rupert Perklns Dlrector of Mu51c Morch 2026 De•n•ry syngd report l. Introduction There are normal three meetin85 of the City Deanerysynod In the year-one In January or Februarywhen thÉ Lord Mayor and Sherlff5 are in attendance for the beglnnlng of the rneetin& one in the Summer, and one in October. The summer meetlng Is usually Evenson8 at the Temple Church, followed èy drlnks in the Masterf5 garden at the Temple Church. Representatlon on the Synod varles accordlng to the number of persons on the church electoral roll. For example, St Helen'5 Bishopsgate, owln8 to it5 lar8e weekday and Sunday £on8re8atlon5, has a larKe number. St Mary-at-Hlll, our parlsh Church, has two representatives, and Sl Mar8aret Pattens has one. Apart from Synod buslness. the meetlngs often Include talks and presentations from a varlety of speakers on dlverse toplcs. 2, Mee 2025 ar 2 October 2025 The 8 lanuary meetlng was held at St LaWnCe Jewry Church, ISUI wlth the Lord Mayor Alderman Alastair King, the Lady Mayoress and Sheriffs all in attendance for the first part olthe meetin8. The Lord Mayor addressed the meetln& Stressing the importance of the churthes at the heart of the C6ty'5 Spiritual and cultural heritage, as places for prayer and conternplation. for vi51tors to take in a coffee and bask In the beautv of lunchtime recita15. They are also a hub for different 8roups to come to8her, Dutch. Norwe8ian, Romanian, Orthodox, Coptic amongst others.
THE GUILD CHURCH COUNCIL OF ST MARGARET PAThENS He also commended the Square Mlle Churches Projectwlth the Deanery lookingforward to a sustainable future and attively reducing the churches. carbon footprint. Hi5 aims for the Mayoral year included growing tommunities in the City, whith slnce November had seen the Latino community use SU, and plans were belng made for Muslim and Jewish employee5 to gather for their respective The Lord Mayor concluded with a remlnder of the Clty Corporation motto.. Domine Diri8e Nos- Lord guide u5. The speaker on the maln toplc, People and Place5, was Charles Saumerez Smlth ICSSI (Former CEO, Royal Aeademv and forrner direttor of the Natlonal G311eryl. He delivered an interesting presentatlon focusing on the role of 'Craft Skills, In the maklng of Wren Churchès. related to the next phase of the Ciiy Churthes development in a multicultural arena. As an archiiectural hlstorian. C55 outlined how the study of architecture looks not only at deslgn but also aimed to consider how buildln8s were paid for. the type and source of stone used, the mawns, labourers etc. In the detaSls of the churche5' constructlon, i,e. not lust the famlliar names but the actual Craftsmen as well. He reflected on the clrcumstances leading to chanRe and the city folklore- how the devastation of the Great Fire of London116661 led to Wren's role in developing a plan wlthln a week to rebuild the City wlth the limitations of maintaininÈ the exlsting street pattern. 87 thurches wtre burnt down and 39 rebuilt wlth excellent records kept Includin8 Surveys, plans, and accounts. For emarnple. SU'5 recofds indlcated how declsion5 were made. who was employed and the materlals used, but malnly IdentlfSed the archite¢ts, and not so often the skllled craftsmen who executed their deslgns. CSS also explofed the lon8 history ol change Sn bullding use and liturgy and how this shaped the bulldin85 we have today. In the 1950's the Clty Princlpal Archltect undertook the task to rebylld churches destroyèd or dama8ed In the December 1940 bomblng ralds Sn the WWII Blitz. Dlffereni decislons were made a5 to the rebulldin8 or use of each church. SU was destroyed and rebuilt to the Wren design, some were rebullt to more rnodern designs alongside thèir ancient remalns, whllst others were repurposed In line with post-war sotletal changes. Whether the Great Flre or more recently City bombings. dlsaster5 have affetted the City churches but Londoners have alway5 remalned ieslllent throu8hout. The current focus has now moved to the best way to Preserve the Clty churches, includin8 through the Square Mlle Churches prolect. There was a Q&A sesslon wlth CSS and Helen Vi8ors, Iprevlously Wren 300 Heritage Proled Mana8er, now Sqvare Mile Churches Prolect Mana8erl. Helen outllned the project which runs to the rnd of 2026, with funding secured from the National Herltage Lottery Fund. All City churches are onboard and partlclpatlng In dlfferent parts ol the prolect, church ener8y audits, tonseNation plans plus working with schools and the Royal Academy of Englneers to look at 'Heat SoUrs in the City, across 12 churches, of which St. Mar8aret Pattens was one. Intere5tln8 detalls arlslng from the Q and A were.. Very lew Tecprds of craftsmen or even archilects involved In the rebulld alter the war. were kept. The rebullds malntaining the WrenlHawksmoor etc. style were looked down on by the malnstream archltectufal establishment as non-progre5sive and backward looking, and as a result were not formally studied. nor considered to be relevant, Wofthy Df note or ijf comprehenslve rècord keeplng, This was a time where the predominant focus was on new Styles and sloughlng off the past, with an emphasis on Brutalist strurtures such asthe South Bank 8roup of bulldings. Finally, in terms of modem record keepin& CSS advised that èlectronic record5 are not necessarily superlor to physS(al hord copy, as they are easily deleted, vulnerable to tyber-attack, and often not backed up. The IB June meetlng was held at the Temple Church, preceded by a beautiful Choral Evensong, and followed bv drinks in the Temple Garden by the kind inwltation of the Master of the Temple, Robin Grifflth-lones.
THE GUILD CHURCH COUNCIL OF ST MARGARET PAThENS The 2 Ortob*r meetln8 was held at St Magnus the Martyr, The rnaln presentation topic was the -capital Vision 2030- Growing more Raci311y Just~ presented by Dr Lisa Adjei. Head of Racial Justice Prioritv Since early 2025. Her role addresses systemic racial disparities by transforming culture and structures, encouraging inclusion, and supporting Global Majority HerStage IGMHI tommunities across the Diocese. The Diocese is commltted to becoming a rnore raclally just Church as part of it5 2030 vision. Specifically.. Fosterlng a culture of love, fairness, equity, and justlce Facilitatlng learning to understand the inlustice ol rat15rn Breakin8 institutional barriers to engender rate equality Truth-tellin8 to confront the legacy of Slavery and 5YStemic raclsm Lisa outllned her loumey as a scientist. then biochemist studyinB for a PhD, then chan8in8 dlrertlon to Tear Fund and then on to the'pathway of justlce,. She strive3 to seek this pathway through.. Edutitlon Including awareness and antl-raclsm tralnlng to understand the history and shared Journey. Workin8 on the issues of mlnority space and helpln8 those with a lack of confidence to grasp opportunitie5. Tralnin8 intervlewers to recognlie unconscious blas and use anti-racism strate8ies to offer equal opportunitles,. Partlclpatlon Representatlon. rnentorlng and provlsSon of pastoral care and trauma coun5ellSng,' Structures •nd Governance Trying to ascertain what Stops people from jolning the church, uslnB Outreach and group5, tO8ether wlth the provision ol good governance trolnin8 and up5kllllng of 5UPPOrt staff.. Ad¥ocacv Reco8nlslng the duty of care to look outward and use your volce as leverage In $0(lety. Or. Lisa outllned London-spe¢lfic issues, such as youth safety and violence, health inequolities, refugees and asylum seeker5. The following toplcs for thou8ht and discussion were ralsed.. Embeddlnglllvlng Qut raclal lustl¢e In your community. How do we èchleve this? In a rl¢hly international communlty 53 any hospltality sensltlve to cultural dlfferences and acceptable to varying communitlesP Are the homeless SUPPOrted with breakfast and 50clal support? Are the Clty Instltutlons, dlgnltarle5 and chaplalns seen to help refugees? How are the hidden workers, cleaners and ni8ht economy workers cared forP It was noted that St. Katharine Cree which seeks to represent the communlty of lower pald City workers, offers free languz8e support classes and meals. Are Mandarin and Japanese speakln8 professlunals 5UPPOrted to Share the 805pel? Are safeguardlng policie5 translated into other langua8es so that expectatlons of behavlour are clear7 Understanding and communication of each oiher's professional actlvitles One attendee raised the polnt that amongst young people In educatiun. one of the worst outcorne group5 includes poor white erltlsh boys, who feel very disenfranchised. This is a remlnder that not all Inequality is racial, and that we also have to be on guard from creatin8 narrative5 whlch can be hijacked to sult thè agendas of dlvi51ve 8roup5. Dr. Lisa explainEd that hub resources were in development, to create a one-stop page to help all people flourish. Unconsciou5 bias training is 80in8 to be overhauled. Education In the history of the UK and its place in the world is paramount, so Individuals are In a posltion of Informed context, relationships and individual JourFTrey5. A willingness towards repentance and atknowledgement Df mis-steps need5 work and buildlng stron8 relation5htps to walk alongside people is very important. Or. Lisa concluded that hlstory Is complex and p05turing frequent, It is dlffitult to be aware of everything and
THE GUILD CHURCH COUNCIL OF ST MARGARET PAENs humillty is needed. 3. London Diocesan Fund Investrnenl Revlew In both the lune and October meetings. following the concerns raised in the previous yearfs Deanery Synod meetings. there were updates on the Clty Burial Fund's decrease in Investment income, and the solution to th15 dimlnution. The City Burlal Fund ICBFI Is a restricted lund, held by the London Dlocesan Fund ILDFI and all the City Deanery churche5 are beneficlaries of the CBF. The primary purpose ol the C8F 15 to generate Income, rather than capltal 8rowth. The investment target is CPI + 3.5% over the medium lerm. The LDF declded to reallocate, in the Oiocese's pur5ult of net iero, the CBF'5 Investment to a Fund In 2024 wlth vield of only l.l%, after exiting a highly perlorminK fund which derSved 8rowih partially from fossil fuels. Following representation by the Deanery Synod Standing Committee IDSSCI Sn meetings with the Diocese ol london Finance team, the C8F Investment has been moved to the CCLA Church of En8land Investment Fund with a yield ol 2.8%. Addltionally, St has been a8reed that the Dlrector of Flnance for the Diocese wlll both revlew the fund performance and meet with the DSSC on an annual basls. 4. F ture tln s In 2026 There was a meetlng on 14 january 2026 and future meetln8s will be held on 2 July, whlch wlll Include electlons to the Standin8 Committee, and 8 O¢tober. l offered SMP as a future venue for a Synod rneeting as these take place in a dlfferent church each time and thls would ralse the profile of the church withln the Dlotese. lal Deanery Synod meetin65 provide an excellent opportunity for repre5entatlves of both laity and cler8V to meet. They are very useful for makln8 Other Clty churches aware of the work and mlnistry of St Margaret Pattens and vlce versa. Ibl The meetln8s brln8 to8ethef City Churches wlth dlfferlng Ang11can tradltlon5. Icl The meetlngs have are a forum for explorlng Issues of all types. social, flnonclal and controversial, affectin8 the Church of England. Barbar• Nlcholson Oe•nery Syrwd R•pr•senthtlve February 2026 El•¢tlI Roll Offlcerfs report Thè Gulld Church Electoral Roll numbers 51Mty-slx members as at 31 December 2025. Thls shows a flgure that ha5 Brown slightly In 2025. If the nurnber on the Electoral Toll Is to increase further, then we should contlnue to encourage re8ular attendee5 to conslderlolnlng the roll. The roll wlll also be revlewed In 2026 to ensure It remalns an accurate refle¢tlon of current members. Borbara Nltholson Ele¢toral Roll Officqr Marth 2026 io
THE GUILD CHURCH COUNCIL OF ST MARGARET PArrENS Fabrlc Report Re8ular Annual Malnt•nano. Maintenance and inspection arran8ements are in place in respect of Gutters. downpipes and roof surfaces Fire Alarm system Fire extinBulshers Li8htnlng conductor Boiler and heatlng 5VStern Organ PATS Electrlcal tests CleanSn8. Work carrl•d oth In 2025 There were no malor works carrled out In 2025. althou8h a yea5 monitoring of movement of the wesl elevatlon ol the churrh commenced In May 2025 and Is currently still In pro8ress. The GCC received a report from the Inspectln8 Architect followin8 the Qulnquennlal Revlew, whlth wa5 completed In mld-2024 following the appointment ol a new Inspectlng Archltect and th15 was presented to the GCC in early 2025. The recommendatlons of the Inspectln8 Architect have been ttsn5idered by the GCC to Identlfy the rnost urgent works and followin8 that approaches will be made to various charltles etc. to seek fundlng and drive the updatin8 ol the church's Ten Year Plan Workn Identffied as n•¢e$5ary In 2025 Monltoring ol possible movement In the tower Interlor supports and stonework, repalr of stonework on the East wall to stop water In8ress together wlth other stonework repalrs. Various cosmetlc detalls, sllppEd ille5 In the roof and. Sn the medlum term, internal redetoration of the Nave. The Ten Year Plan upd•te Apart from the major accompllshrnent of eornpletln8 the Organ restoratS0rn work in 2019120, the con51defatlon of the new 10 Year Plan for the period 2026-2035 has been delayed, in part by the need to consider an updated Qulnquennlal repJrt. The GCC are mindful that the prevlou5 plan was drawn up encornpassing the findin8s of the Quinouennlal Inspectlon undertaken In 2017, however, with the Qulnquennial report 2024 before the GCC, an update Is bÈln8 produced to reflect prlorltle5. The potentlal prSorltles that were identified in 2024 for attention In the nexr ten year perlod were and are reflerted In the latest review.. Interior red*coratlon of the Church, Includlng the Nèrthex, whlch was last completed in 1991. Thls wlll be rnajor undertakin8 and scaffoldlng will be needed. Repairs to the South Èlevation of the Nave Clerestory. Repairs to the Vestry roof and East alsle window. A review of the current li8hting schEme in the Church. Any work needed at a hi8h level should be done at the same tlme as the Church interior decorat05 are undertaken, to mlnimlze disruption and capitalize on scaffoldin8 access. li
THE GUILD CHURCH COUNCIL OF ST MARGARET PATtENS Many other items will be considered when linance is available, in particular to provide the church wlth a more eff5clent and financlally stable fuel model. These will include inst3llatlon of solar panels, new gla55 doors at the sOh entrance and heat retention rnea5ures in the Outer Vestry. Preparatory work has been urdertaken on the former, in partlcular pre.planning permission surveys. Tony Charlwood Parlsh Clerk March 20Z6 Ecumenkal relatlonshlps The two Livery Companles, the Ba5ketmaker5 and the Pattenmakers, Support the church through worshlp and grant ald. They have special services at the church several times each year- Ihe Pattenmakers, AsiensSon Oay Service In May, and the Ba5ketmakers' Installatlon Day service In October. A lolnt Llveiy Carol SeNice was held on 18 December 2025 wlth over ILM) people In church, wlth the church's own Carol seNlce ot lunchtime the same day with about 60 people In the con8regatlon. Other Lbvery Cornpanles, from tlme to t5me, use the church for speclal servlces. and the church supports the wlder rnlssion of the City and the Lord Mayor and15 open to the laity lor private worship. The church a150 conducts weddlngs and baptlsms, olthough demand for such seNlces Is very varlable. Safeiuardln8 The Guild Church Councll takes serlously Sts responsibllity to protert and safe8uard the welfare of chlldren and vulnerable adults lespeclally wlth use belng made of the church by primary Schools studylng the hlstory of the Clty of Londonl. This Safeguardlng Staternent applles to all who make up the church'workforce. whlch Includes all cler8V, holders of Blshop'5 licence or permlssion, those comm1s51oned or authorlsed by ihe Blshop, thosè. pald or unpald, who hold positlon5 Qf re5pon5ibllity and work wlth chlldren or vulnerable adult5. and those with representatlonal minlstry, for example,. churchwarden, organlst and cholf member5. For the purposes of thi5 statement it tovers the GCC and the Gulld Vlcar who are together responslble for ensurln8 that diocesan 5afÈguardln8 pollcles and procedures are Implemented. For the purp05e5 of thls document a chlld Is anyone under the age ol eighteen year5. Policy l. The GCC ha5 adopted, and regularly revlew5, Sts commltmènt to the House of 8i5hops' safeguardlng pollry. A copy of the full relevant policy15 obtainable on the Dlocese of London'5 webslte and a hard copy is dlsplayed on the notSceboard Sn the Narthem. Policy 2. The Guild Church Safeguardlng Rèpresentative Is Barbara Nicholson appolnted bythe GCC.The Chlldren'5 Champlon is Mrs Sarah Hodge and she has also been appDlnted by the GCC. 12
THE GUILD CHURCH COUNCIL OF ST MARGARET PAThENS Stotement of Commitment.. The GCC will contlnue to develop a safeguarding culture that= Creates an environment where there 15 awareness and vl8ilance about the signs, symptoms and Impacts of abuse. Enables and encourages all concerns or allegatlons io be ralsed In order to protect chlldren and adults from harm. Ensures all those who work or volunteer on behalf of the church wlth chlldren and adults achieve the standaids requlred by th15 poIIcy. Holds to account those in the church comwnunlty who disregard the safety and well-bein6 of chlldren and dults. 13
THE GUILD CHURCH COUNCIL OF ST MARGARET PAThENS Flnanclal Revl The 2025 accounts have been prepared on the Accrua15 basls as they were in 2024. General Fund. Unrestrlcted In the year the church spent £136.308 to provlde minlstry Includin8 a total contribution to Common Fund of £33,500. The amount that the church contrlbutes to Common Fund is based on multi-faceted formulae and for Gulld Churches with no accommodation for a priest 55 substantially less than for churihes In the Deanery wlth accornmodatlon for a prlest. The net result for the year on this Fund was an extess of Income over expEndlture whlch wlll need to be cornmltted towards rep3lr/iedecoration work already identified by the RepDrting Architect In the 2024 Qulnquennial repart on the fabrlc of ihe church. The church wa5 de5iKned by Slr Chrfstopher Wren and Is Grade One Ilsted. Reserves Pollcv The GCC'S pollcy Is to hold one yearf5 operating expendlture in reserve Ic£120.CWI to cope with emergencie5 to be expècted in a church buildin8 of the age of St Margaret Pattens. Volunteers The Gccwould Ilkv to thank all volunteer5 forthelr hard work. In particular our non-stipendlary prfest the Reverend Andrew Keep. Structurei io¥•rn•nce •nd min•iemvnt The GCC has met on four occasions durlng the year (see above). fjlven Its responslbllitles It has three sub commStlees'.- the 5tandlng Commlttee whose member5 are thefour Churchwardens and the Gulld Vlcar Iwhlch meets as requlredl,. and the Flnance CommSttee whose members are a5 above for the Standlng Commlttee plus the chur¢h rreasurerlalthough the church's accounts are ¢ontlnuously monitored bythe Treasurer, AdmSnlstrator, Gulld Vlcar and Churchwardensl,. an the Fabric CommSttee, the membership of which is variable as to clfcumstance, meets a5 necessary. 14
THE GUILD CHURCH COUNCIL OF ST MARGARET PArrENS Admlnistratlve Inforniatlon The Guild Church of St Margaret Pattens with St Gabriel Fenchurch is situated on the corner of Rood Lane and Eastcheap In the City of London. The church of St Gabrlel Fenchurch was a small church standln8 in the middle of Fenchurch street adjacent to where the maln entrance to the office block, 31 Fenchurch Street. now stands. The church was destroyed by the Great Fire of London in 1666. After the Fire it was decided to join together the churches of St Margaret Pattens and St Gabriel Fenchurch. Thls is recognised by the canopied churchwardens, pews at the back of the nave. one designated for churchwardens from St Margaret Pattens and one designated for churchwardens from St Gabriel Fenchurch. The GCC Is a body corporate IPCC Powers Measure 1956. Guild Churches Acts 1954 and 1960, the Church Representation Rules 20171 and is re8iStered with the Charity Commlssion,. registered number 1181352. GCC member5 seNe from the date of the Annual Meetin8 (usually held In May) and hold office untll the date of the next Annual Meelin8 and their names are set out at the be8innln8 of this report. Approved by the GCC on 20 May 2026 and Signed on their behalf by Revd. Andrew Keep Gulld Vlcar and Chalmian of the GCC 15
THE GUILD CHURCH COUNCIL OF ST MARGARET PAThENS Independent examlner's report to The Guild Churth Councll of 5t Margaret Pattens l report to the trustees on my emamlnatlon of the accounts of The Gulld Church Council of St Margaret Pattens (the Trust) for the year ended 31Ft December 2025. Responslbllltles and basls of report As the charity trustees ol the Trust you are respon51ble for the preparation of the accounts In accordance wlth the requlrements ol the Charltles Act 20111'the A¢VI. I report In respect of my examination gf the Trust's accounts carrled out under 5ertlon 145 of the 2011 Act and In ¢arryin8 Out my examination I have followed all the applicable Dire¢tlons given by the Charlty Commis51on under section 14515llbl of the Act. Independent examlnerfs statement I have completed my examinatlon. I confim that no matedal matters have come to my attentlon In connertlon wlth the examination giving me cause to bellÈve that In any materlal respect: accountlng records were not kept In respert of the Trust as Tequlfed by sectlon 130 of the Act; or 2. the accounts do not accord wlth those records; or 3. the accounts do not comply wlth the applicable requlrements conterning the lorm and Content of accounts Set out in the Chailtles IAccounts and Reports) ReaulatloThs 2008 other than any requlrement that the accounts 6lve a'true and fair view whlch Is not a matter considered as port of an Independent Èxamlnatlon. I have no conrn5 and have corne atross no other molter5 In connectlon wlth the examination to whlch attentlon should be drawn In th15 report in order to enable a proper understandln6 of the accoun15 to be reached. $18ned.. Name: ANOREW HEDGER FCA Adtlress-. S2-54 Gracechurch Street, London EC3V OEH Date.. 28th May 2026 16
THE GUILD CHURCH COUNCIL OF ST MARGARET PAThENS OALANCESHEET 31 December 2025 FIXED ASSETS CURRENT ASSETS Debtor5 •nd prepayments Short terni Deposlts Cash at bank and In ha 2.756 4.871 io 3m4 IL511 128.655 6.051 1£013 89.439 LIABILMES Creditors. Amounts f4llln8duèwlthln one ye•r NET CURRENT ASSETSI ILIABILITIESI 143,19) 104503 li 12ASO 10.786 130,740 95,717 TOTAL ASSETS LESS CURRENT LIABILMES 133.496 it4588 Credllofs. Amountsfallln8 due afterone lT roTAL NrfASSErs 30,(W GUILD FUNDS Unrestrfcted 13 107 Restrlcted 13 14,IXI)I f29.lxwj IOJA96 Approved by the Gulld Church CourKII on 20 Mw2026 and sJ8ned on Its behallbv.. The And Gulld Vlcai and Chalr Keep, n ofthe GCC F•llx Corhrt rch Wafde TDM J•ckson Treasurer and Church Wirden 17
THE GUILD CHURCH COUNCIL OF ST MARGAREf pAENs STA TEMENTOF FINANCIAL AcTrvifiES 31 December 2025 Unrestrirted fund 2025 Restricted funds 2025 Note Total funds 2025 20X RECEIPTS Voluntary Re¢elpts 21a) 46,769 25,OCK) 71,769 79.446 Actlvitles for 8eneTatlng funds 21b} 85,670 85,670 74,433 Inve5tmeTrt Income 2(cl 498 455 Church artivltles 21dl 2L539 2L539 18291 Totsl receipts 154,476 25.LKJO 179.476 172.625 PAYMENTS Church artlvltles 31al 136,309 136.309 130.722 Ralsln8 funds 31bl 258 258 258 Totsl payments 136,567 136.567 130.980 Net of recelptsl{pJympntsl 17,909 25,000 42,908 41,645 Trnnslers betw•en funds Total funds brought forward 89,589 I29,0) 60.589 18,944 Total funds carried forward 107,496 14,LMIOI 103.497 60,589 18
THE GUILD CHURCH COUNCIL OF ST MARGARET PAThENS NOTES TO THE FINANCIAL STA TEMENTS 31 Oecember 2025 I ACCOUNTING POUCES The GCC is a publlc benefit entlty within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2¢J)l and in accordance with the Church Accountlng Re8ulations 2CI)6 governlng the individual accounts of GCC5. And with the Regulatlon5 true and fair view" provi510fbS, It is also the first year that they have been prepared under FRS102120161 as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accountln8 and ReportSng by Charltles ISORPIFRS10211. These flnancial statements include all trèn5actions, assets and liabilities for which the GCC is responsible In 13w. Thev do not include the accounts of church groups that owe their maln affiliatlon to another body, nor those that are informal gatherSn8s of church members. ASSETS Consecrated and ben•fice property In so far as consecrated and benefice property of any klnd Is excluded Irom statutory deflnltlon of 'charSty' bv Section 1012llal and Icl of the Charitie5 Act2011 such assets are not capitali5ed in the financSal statement5. Moveable church furnlshlnRs Moveable church furni5hSn85 held by the Vlcar and Churchwardens on special iru5t for the GCC, and whlch require a faculty for disposal, are accounted for a5 Inalienable property unle55 consecrated. They are listed In the church's Inventory whlch can be Inspected at ony reasonable time. For Inalienable property acquired prlor to 2001 there is InsufflcSent cost Inforrnatlon avallable and therefore Such assets afe not valued In the accounts. All expendlture Incurred In the year on consecrated or beneliced buildings, indlvldual Items under£l,000 or on the repalr of movable church furnlshlngs acqulred before l January 2001 Is wrltten off. Tanglble flxed assets for use by the charlty IndlvSdual Items of equlpment with a purchase prlce of £1,000 or le55 are wrStten off In the perlod in whlch the a55e Is 3¢qulred. Items used wlthln the church premlses are depreclaied at the followlng rate5'. Grand piano Fully depreciated, no annual depreclatlon char8e Computers & other slmSlar equlpment on a straSghi Ilne basls over 5 year5 Furniture & equipment not included above on a stralght line basis over 10 years An Impalrment review 15 carrled out at each year-end and any resultant loss Identlfied Included In expendlture for the year. Investments Investments are valued at Market value at 31 December. Short term deposlts These ale the cash held on deposlt elther wlth the CCLA or at the bank. FLINOS Unre5trlcted Funds These represent the remalnlng Income funds of the GCC that are available for spending on the Beneral purposes of the GCC, including amounts designated by the GCC for a partlcular purpose. Restrlcted Funds These are income funds that must be spent on restricted purposes and details of the funds held and restriction5 provided are shown in the note5 to the accounts. 19
THE GUILD CHURCH COUNCIL OF ST MARGAREf PAThENS NOTES TO THE FINANCIAL STA TEMENTS 31 December 2025 2 INCOME Unre5trlrted fund Re5trkted nds Totsl funds 2131 Voluntary Income Planned 8iving'. Gift Aid donation5 Glft Ald re¢overob]e Other Collections and Alms.. Open plate 6,000 19.102 6,000 19,102 250 4,807 4,807 4,576 Grants.. Trust for London Burial Ground Foundation Llvery CompanSes'. I,cKJo 1,000 Pattenrnakers Basketmaker5 Frlends of St Mar8aret Patlens Non-Recurrin8 Grants 8,1)JO 6,635 6,635 6,400 5,WO Sundry donations 20,OCQ 20,030 45,040 46,769 25,CqJO 71,769 79,446 21bl ktlvSt1•5 forBen•railni fvndi Hlre fee5 Forecourt tradlng Radlo Mast Income 40,958 11,950 32,762 40,958 11,950 32,762 36,749 12.250 25.434 85.670 8S,670 74.4133 21cl In¥e5tment Incam¢ Interest on Short term deposits 455 498 455 21dl Church artmtlqs GCC fees and Church entS Hlre-Tower Room 81 9A58 81 9,458 1539) Church Lettln8S 2L539 21539 20
THE GUILD CHURCH COUNCIL OF ST MARGAREf PArrENS NOTES TO THE FINANCIAL STA TEMENTS 31 December 2025 UNestrlrted fund Rosthcred lunds Tot•1 fvjtsjs EXPENDITURE 2025 1025 24 3181 ¢tr•Jrth •ctl¥tties Dlocesan parlsh share Diocesan parlsh share extra tontributlon Cler8y and 5tsffin8 Costs Church runnlnB exFenses Training Church runnlng ¢xpense$ Church malntenance Music er8an and cholr aeanln8 33.500 33.5 33,5LXI 30.235 30,235 24997 28,927 7,304 11.632 6.856 28,927 24.001 9.905 9.528 7.072 11,632 6,856 Admlnlstratlon Costs. Includlng rneetln8S IQ655 Depreclatlon Major repèlr5'. Archltects, ftts 2.114 2,114 lo6 136,308 136,308 130,722 31bl R•ll1lUn& Steward5hlp costs 258 258 258 258 258 258 4 CLERGY AND STAFFING COSTS Adrnln15trator- salary and costs Prlest In Charge- fees and expenses 30,198 37 26.781 216 30,235 26.997 Average number ofempbyees S GOVERNANCE COSTS Independent examlnor 6C 21
THE GUILD CHURCH COUNCIL OF ST MARGAREf PAThENS NOTES TO THE FINANCIAL STA TEMENTS 31 December 2025 RELATED PARTIES Durlnl the year no GCC members or persons c105Ety connected to them or related partles received any payments for exFen5e Donatlons inclknded £16,WO frorn two GCC members. 7 LOA14 RECEIVED On the 3rd OctobEI 2019 a loan ol £IOO.000 was made to the churth by the Newell fornily to cover the cash shortFall In funds, so far raised. toward5 the refurblshment ol the or8an. The use of the loan Is restrlcted to fvndinB the or8an restorathin. The loan Is Interest free and to be repald In full wkh a mlnlmum 5urn of £IO,OTr) belni pald per annum. B CONNECTEO CHAAMES Th• Frlends 0¢ St M8ryr•t P•tten$ The GCC ère supported by the fund-ralslng actfvltles of the Frlends of St Margaret Pattens, whl¢h ha5 a separate charlty reg15tratty)Th. Cancert Pl•no CompUr$ &other slmllar equlpmenl Furnlturt & eoulpment nol induded ibo¥e 9 FIXED Assm. T*AGI8LE Total Cost At 1st January Addltlon5 15,658 11,127 34,285 At 31$1 DecernbEr 7,5tN) 15,658 lJ,127 34,285 Depreclatlon At 1st january Charge for the 7,500 14,462 1.196 7,452 919 29N14 2,115 At 31st Decernber 15,65B 8,371 3L.529 Net book value At 31st Decernber 2025 2,756 2,756 At 31st Detember 2024 1,196 3.675 4,871 The concert plano, although fully deprKLited, Is thought to ha¥e a value of opproximately £7.500. 10 CURRENT ASSETS Debtors Tax recoverable Pfepayments 3,024 5.979 72 3,024 6.051 22
THE GUILD CHURCH COUNCIL OF ST MARGAREf PAThENS NOTES TO THE FINANCIAL STA TEMENTS 31 December 2025 11 IIABILMES Amounts falling due within one year.. Other creditors Accruals Loan 2025 2024 2,4SI 786 Note 7 10,000 10,000 12,451 10,786 Amounts falling due after one year.. Note 7 30,C 30,LK)O IZ SUMMARY OF FUND MOVEMEIITS Trre Incomln8 Resources R•sources e¥pended bld Trinslers Unr•strlct•d General Fund B9,588 154,476 1136,5671 107,497 Restrlrted Funds OrBan Restoratlon Fund Solar Panel Fund Iso,co)I 20,C( 25,fy)0 I25,0) 20,OJO Pew Fund I,0 1,000 129,WJl 25.OC¥) I4,0) Total funds 60,588 179.476 1136,5671 103,497 13 SUMMARY OF ASSETS BY FUND Unrertrfcted Restrlcted Total Tangible fixed assets Current assets 2,756 142,191 2,756 143,191 Amounts fallln8 due wlthln one year Amount5 falllng due after one year 12,4501 I35,> iio,cooi 5,LM)O 112,4501 130.CQOI 107,497 14.0()Jl 103,497 23