Docusign Envelope ID: 1D814EFB-6926-8D6E-822F-4EB6F2A08DBF
# **PEAK TRINITY CHURCH CIO**
# **(A CHARITABLE INCORPORATED ORGANISATION)**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2025**
**COMPANY NUMBER: CE023309**
**REGISTERED CHARITY NUMBER: 1192271**
**Cound & Co LLP**
**Chartered Accountants 1 Princes Court Royal Way Loughborough Leics LE11 5XR**
**Tel: 01509 214163**
Docusign Envelope ID: 1D814EFB-6926-8D6E-822F-4EB6F2A08DBF
## **PEAK TRINITY CHURCH CIO**
**REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **CONTENTS**
|1|-|3|Report of the Trustees|
|---|---|---|---|
|4|||Independent Examiners’ Report|
|5|||Statement of Financial Activities|
|6|||Balance Sheet|
|7|-|10|Notes forming part of the financial statements.|
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## **PEAK TRINITY CHURCH CIO**
## **TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2025**
The Trustees present their annual report together with the Financial Statements of the Charity for the year ending 31 December 2025 **.**
The accounts comply with the Charities Act and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015).
## **1) Structure, Governance and Management**
The Charity was registered as a Charitable Incorporated Organisation on 11[th] November 2020.
The management of the Charity is the responsibility of the Trustees who are elected under the terms of the governing document. New Trustees are advised of their obligations under charity and company law.
Trustees are put forward by the membership for consideration. New suggested appointments are voted on at a members’ meeting in all instances.
The Trustees determine the day-to-day operations of the Charity or appoint appropriate officers to whom this responsibility is delegated.
## **2) Reference and Administration**
Trustees
R R G Scothern Mrs M A Fry T J Archer D Moss R M Reith (Resigned 13 June 2025)
Company Registered Number
CE023309
Charity Registered Number
1192271
Registered Office
Ashlea Wyedale Drive Bakewell DE45 1BB
Independent Examiners
Cound & Co LLP Chartered Accountants 1 Princes Court Royal Way Loughborough Leics LE11 5XR
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## **PEAK TRINITY CHURCH CIO**
## **TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2025**
## **2) Reference and Administration (continued)**
Bankers National Westminster Bank PLC 5 Market Place Chesterfield S40 1TW
## **3) Objectives and Activities**
The Objectives and Activities of the Charity are as follows:
- (A) The advancement of the Christian faith in accordance with the basis of faith primarily but not exclusively within Bakewell and the surrounding villages, farms and hamlets that make up the Peak District National Park.
- (B) To advance the Christian faith for the benefit of the public in such charitable ways as the Trustees think fit from time to time.
We, as Trustees, recognise that it is our legal obligation to ensure that the Charityt's activities are in line with our objectives and activities and we are satisfied that this is the case for the period in question. The Trustees also confirm that they have had regard to the Charity Commission's guidance on public benefit.
## **4) Achievements and Performance**
## **Key Events**
The church continues to see encouraging growth in our fifth full year of independent operation – that is growth in terms of actual church membership, congregation size and visitors for our Sunday services and events. We finished the year with 35 adult members, and a good number of youth, children and other regular attendees. We are often visited by Christians from other churches whilst on holiday in the Peak District which is another source of encouragement to us.
As a result of this growth and generous giving, by both our regular members and our external partners, our financial situation remains healthy. This has enabled us to continue to fund a small staff consisting of a full time Pastor / Staff Elder, a part time Staff Elder and a Church Planting Resident. It also enables us to support 3 external mission partners.
Our staff team and many sacrificial volunteer helpers ensure that we can run the church and the Charity efficiently and well.
A key event this year was the appointment of a part-time Church Administrator to take on the administrative elements of the role delivered by our part-time Staff Elder (David Moss) who retired from paid employment at the end of 2025. We allowed a 2-month handover period which ensured a very smooth transition. David remains an Elder and a Trustee and so we continue to benefit significantly from his wisdom and experience.
During the year our Church Planting Resident came to the end of his 3-year term and moved to a new post in Devon to continue his theological training and ministry development. As a result, we sent the balance of the restricted fund held to pay the salary costs of the Resident to the original donor (Grace Church Waco).
In addition, we disbursed the balance of the Rural Project restricted fund to The Rural Project CIO which is now running independently of Peak Trinity Church. This fund had built up as a result of gifts made to Peak Trinity Church while the Rural Project CIO was being established. The church continues to support The Rural Project through our Pastor’s representation on its leadership team and voluntary administrative support by other church members.
We continued to have excellent relationships with our local community, including running the Christian Union at Lady Manners School and holding a Summer Holiday Bible Club there with over 50 primary aged children enjoying the Club this year. We continued to run the Bakewell over 50s Walking Football club until the autumn of 2025, at which point the club was subsumed into Bakewell Town Football Club. The small surplus arising from Walking Football club fees was passed to
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## **PEAK TRINITY CHURCH CIO**
## **TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2025**
## **4) Achievements and Performance (continued)**
## **Key Events (continued)**
Bakewell Town to facilitate their ongoing development of Walking Football. We also held a number of events during the year, especially around Easter and Christmas, where we saw increased engagement with wider family, friends and neighbours of our regular members.
We look forward to the new year in anticipation that the Lord will continue to bless us as we hold out the word of life in the Peak District.
## **5) Financial Review**
The Charity had an income this financial year of £144,915 (£117,193 unrestricted and £27,722 restricted) and a total expenditure of £163,103 leading to a net deficit of £18,188. This means the funds carried forward stand at £100,339, of which £100,160 are unrestricted funds. The Trustees consider that this is a strong position from which the Charity will be able to pursue its charitable aims in the future.
Finances are reviewed in detail each month by the church treasurer and the Staff Elders/paid Trustees, quarterly by the whole Trustee board and annually by the members.
## **6) Reserves Policy**
The Trustees recognise the importance of a reserves policy to help demonstrate good stewardship and financial management and to manage its reputation.
Our policy is to retain sufficient reserves:
- To ensure that the church has sufficient funds to meet its financial commitments;
- To demonstrate that the church is sustainable into the future;
- To ensure that the church is able to manage future unforeseen financial difficulties;
- To ensure that excessive funds are not held without any identifiable reason or for any identifiable purpose.
This reserves policy relates only to the church’s unrestricted funds. Restricted funds may be held in addition to be used for the restricted purpose for which they were given.
Financial reserves are considered in two parts:
- General reserves that are deemed necessary to meet future operational requirements and to protect the church against future financial uncertainties, including loss of income and unexpected increases in operating costs. The Trustees set the minimum required reserves at 3 months of normal expenditure. At 31 December 2025 the charity held £100,160 in unrestricted reserves, equivalent to 10 months of unrestricted operating expenditure. The Trustees expect these reserves to fall over time closer to the 3 month minimum as church activity and expenditure grows and external partner funding to support the start-up of the church reduces.
- Specific reserves that are calculated with reference to a planned spending commitment or to fund a specific project or other venture. There are currently no such designated reserves.
_…………………………………_
D Moss Trustee
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## **INDEPENDENT EXAMINERS’ REPORT TO THE OFFICERS OF**
## **PEAK TRINITY CHURCH CIO**
## **Independent Examiner's Report to the Officers of Peak Trinity Church Bakewell**
I report to the Charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2025 which are set out on pages 6 to 11.
## **Responsibilities and basis of report**
As the Charity’s Trustees 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 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:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the accounts do not accord with those records
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.
C L Mayne ACA
Cound & Co LLP Chartered Accountants 1 Princes Court Royal Way Loughborough Leics, LE11 5XR 16[th] June 2026
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**- 5 -**
## **PEAK TRINITY CHURCH CIO**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)**
## **FOR THE YEAR ENDED 31 DECEMBER 2025**
|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||Fund|Fund|Funds|Funds|
||Note|2025|2025|2025|2024|
|**INCOME AND ENDOWMENTS FROM:**||||||
|Donations and legacies|2|101,434|27,472|128,906|153,379|
|Gift Aid||13,401|250|13,651|13,225|
|Interest received||2,358|-|2,358|2,561|
|||______|______|______|______|
|**TOTAL INCOME**||117,193|27,722|144,915|169,165|
|||||||
|||______|______|______|______|
|**EXPENDITURE ON:**||||||
|Charitable activities|3|123,951
|39,152
|163,103|156,115
|
|||______|______|______|______|
|**TOTAL EXPENDITURE**||123,951|39,152|163,103|156,115|
|||||||
|||______|______|______|______|
|**NET INCOME (EXPENDITURE)**||(6,758)|(11,430)|(18,188)|13,050|
|**TRANSFERS BETWEEN FUNDS**|7|-|-|-|-|
|||_____|_____|______|______|
|**NET MOVEMENT IN FUNDS**||(6,758)|(11,430)|(18,188)|13,050|
|**RECONCILIATION OF FUNDS:**||||||
|Total funds brought forward||106,918|11,609|118,527|105,477|
|||______|______|______|______|
|**TOTAL FUNDS CARRIED FORWARD**|7|£100,160
______|£179
______|£100,339
______|£118,527
______|
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## **PEAK TRINITY CHURCH CIO**
## **BALANCE SHEET AS AT 31 DECEMBER 2025**
|CURRENT ASSETS
Debtors
Cash at Bank and in Hand
LIABILITIES – Creditors falling due within one year
NET CURRENT ASSETS
NET ASSETS
THE FUNDS OF THE CHARITY:
Unrestricted Funds
Restricted Fund|Notes
5
6
7
7|2025
6,070
100,584
_______
106,654
_______
6,315
_______
100,339
_______
£100,339
_______
100,160
179
_______
£100,339
|2024
3,474
131,343
_______
134,817
_______
16,290
_______
118,527
_______
£118,527
_______
106,918
11,609
_______
£118,527
|
|---|---|---|---|
These financial statements were approved by the trustees on 16[th] June 2026 and signed on its behalf by
………………………………… D Moss Trustee
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## **PEAK TRINITY CHURCH CIO**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## 1 ACCOUNTING POLICIES
## a) Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with the Charities SORP (FRS 102): ‘Accounting and Reporting by Charities, Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS102 the Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS102”) (effective 1 January 2016)’, FRS102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (effective September 2016), and the Charities Act 2011. The disclosure requirements of Section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.
The charity constitutes a public benefit entity under FRS102.
Assets and liabilities are initially recognised at historical cost or transactional value unless otherwise stated in the relevant accounting policy note and the financial statements are prepared on a going concern basis. The financial statements are prepared in sterling, which is the financial currency of the charity and rounded to the nearest £1.
## b) Company Status
The Peak Trinity Church CIO was registered as a charitable incorporated organisation on 11 November 2020 and is governed by a constitution dated 11 November 2020 and registered with the Charity Commission under charity number 1192271.
## c) Fund Accounting
Undesignated general funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The aim of each restricted fund is set out in the notes to the financial statements.
## d) Incoming Resources
All incoming resources are included in the SOFA when the charity is legally entitled to the income after performance conditions have been met, the amount can be measured reasonably and it is probable that the income will be received. No amount included in the financial statements for volunteer time in line with SORP (FRS102).
## e) Resources Expended
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the church to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attached are fulfilled.
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## **PEAK TRINITY CHURCH CIO**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## 2 DONATIONS AND LEGACIES
|DONATIONS AND LEGACIES|||||
|---|---|---|---|---|
||Unrestricted|Restricted|||
||Funds|Funds|Total|Total|
||2025|2025|2025|2024|
|Donations from other churches|30,228|26,439|56,667|76,258|
|Donations from Walking Football|1,251|-|1,251|867|
|Donations from church members & other individuals|69,955|1,033|70,988|75,715|
|Other Donations|-|-|-|539|
||______|_____|_______|_______|
||£101,434
______|£27,472
_____|£128,906
_______|£153,379
_______|
## The total amount donated by the Trustees was £8,850.
## 3 EXPENDITURE ON CHARITABLE ACTIVITIES
|4|Unrestricted
Restricted
Funds
Funds
Total
Total
2025
2025
2025
2024
Grants and donations
13,879
13,956
27,835
12,945
Training, development and travel expenses
2,841
-
2,841
6,410
Insurance
496
-
496
418
Outreach expenses
4,153
-
4,153
4,143
Premises costs
12,239
-
12,239
7,213
Hardship fund
1,110
-
1,110
-
Subscriptions
4,816
-
4,816
4,773
Wages and salaries
76,750
24,296
101,046
111,214
Accountancy fees
1,830
-
1,830
2,264
Equipment purchases
1,425
-
1,425
1,341
Walking Football costs
1,007
-
1,007
935
Bank charges
304
-
304
-
Professional fees
149
900
1,049
600
Summer Camp
1,897
-
1,897
2,638
Office Expenses
1,055
-
1,055
1,221
______
_____
______
______
£123,951
£39,152
£163,103
£156,115
______
_____
______
______
STAFF COSTS
2025
2024
Wages and salaries
91,074
102,128
National insurance
10,903
10,328
Less: Employment Allowance
(8,210)
(5,000 )
Pension Contributions
7,279
3,758
______
______
£101,046
£111,214
|
|---|---|
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## **PEAK TRINITY CHURCH CIO**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## 4 STAFF COSTS (cont’d)
|STAFF COSTS (cont’d)|||
|---|---|---|
||2025|2024|
|Average number of employees|3|3|
||||
||___|___|
|The following trustees received remuneration during the year.|||
||2025|2024|
|R Scothern|£45,558|£43,820|
|D Moss|£20,038
______|£19,378
______|
The highest paid employee received a salary of £45,558.
R Scothern received remuneration for his role as a pastor to the Church, not for his role as a trustee.
D Moss received remuneration for his administration role, not for his role as a trustee.
R Scothern was accruing retirement benefits during the period. The contributions are to a defined contribution pension scheme. The contributions in the year were £7,159 (2024: £3,758). This includes a one-off adjustment for prior year underpayments in error.
## 5 DEBTORS – All receivable within one year
|DEBTORS– All receivable within one year|||
|---|---|---|
||2025|2024|
|Prepaid expenses|532|619|
|Gift aid reclaimable|3,538|2,855|
|Accrued income|2,000|-|
||_____|_____|
||£6,070
_____|£3,474
_____|
|6|CREDITORS– Amounts falling due within one year
2025
2024
Accruals
1,158
1,008
Taxation and Social Security
1,357
2,516
Grace Church, Waco, USA
-
12,296
Pension Contributions
3,800
470
_____
_____
£6,315
£16,290
|
|---|---|
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## **PEAK TRINITY CHURCH CIO**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## 7 STATEMENT OF FUNDS
|STATEMENT OF FUNDS|||
|---|---|---|
|At 31
December
2024
Income
Unrestricted Funds
106,918
117,193
Restricted Funds
11,609
27,722
______
______
Total Funds
£118,527
£144,915
______
______
Restricted Funds are represented by:
At 31
December
2024
Income
Bixler Employment Costs
-
24,296
Rural Project
11,609
3,426
______
______
Total Funds
£11,609
£27,722
|Expenditure
(123,951)
(39,152)
______
£(163,103)
______
Expenditure
(24,296)
(14,856)
______
£(39,152)|Transfers
At 31
December
2025
-
100,160
-
179
______
______
£-
£100,339
______
______
Transfers
At 31
December
2025
-
-
-
179
_____
______
£-
£179
|
||||
The Bixler Employment Costs are the funding of his employment costs by an overseas church (Grace Church Waco). The Rural Project is now a separate charity. The Church held funds on its behalf until it obtained its own account.
- 8 ANALYSIS OF NET ASSETS BETWEEN FUNDS
|ANALYSIS OF NET ASSETS BETWEEN FUNDS||||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||Funds|Funds|Funds|
|Fund balances at 31 December 2025 are represented by:||||
|Current Assets|106,475|179|106,654|
|Current Liabilities|(6,315)|-|(6,315)|
||______|______|______|
|Total Net Assets|£100,160|£179|£100,339|
|||||
||______|______|______|
|Fund balances at 31 December 2024 are represented by:||||
|Current Assets|123,208|11,609|134,817|
|Current Liabilities|(16,290)|-|(16,290 )|
||______|______|______|
|Total Net Assets|£106,918
______|£11,609
______|£118,527
______|