OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-12-31-accounts

St Stephen's LEARNING TO LOVE AS JESUS DOES St Stephen's Church Preston RegLsterèJ Chanty LI￿71 Annual Report of the Parochial Church Council for the year ended 31 December 2025

St Stephen's LEA.<NI.%'. -0¥1 .4a J=SJS DOES st Stephen's Church is situated In the Broadgate area and Is part of the Deanery of Preston in the Dlocese of Blackburn. The Parochlal Church Council {PCC) 15 a corporote body estsblisheo by the Church of England under the Parochial Church Cwnal Powers Measure and a charity subjert to the Charitles Act 2011 {reglstered number: 1196971). The postal address of the PCC Is St Stephen's Church. Bird Street. Presti￿. PRI 8DY. st stephen's Parochlal Church Councll (PCC) has the responsibility of cooperating with the incumbent, In promoting in the ecclesiastical parish, the whoEe misslon of the Church. pastoral. evangelistic. sooal and ecumenical. The PCC is also speofically responsible for the maintenance of the Parlsh Centre complex of St Stephen'5, 8ird Street, Preston. The PCC Is commltted to enabling as many peopk a5 possible to worshlp with us and to become part of our parish community of St Stephen's. The PCC maintains an oveniiew of worshlp throughout the parish and makes suggesty.ons on how our services can involve the many groups that live within our parish. Our servi￿5 and worship put faith into prattice through prayer and scripture, muslc, and sacrament. When planning our acbvities for the year. we have considered the Cornmission's guidance on publlc benefit and in particular, the supplementary guidance on charitles for the advancement of religion. We try to enable ordinary people to llve thelr falth as part of our parish community through: Worshlp and prayer: learning about the G05pel' and developing tP*ir knowledge and trust In Jesus. Proviston of pastoral Care for peop￿ living in the partsh. Mission and outreach work. To factlitate thls work, It Is Important that we malrtaln the fabric of the Parish Centre of St Stephen's. stru¢ture, Governance, and Management The method of appointment of PCC members is set out In the Church Representstlon Rules. The PCC members are responslble for maklng decisions on all matters of general concem and Importance to the porish induding deciding on how the funds of the PCC are to be speTrt. New members re￿1ve initial tralnlng into the workings of the PCC. The full PCC met slx times during 2025. Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meetlng (APCM) In accordance with the Church Representatlon Rules. PCC mejnbers who have served from l January 2025 until the date of this report a￿. Clergv: Reverend Barbara Hunter (Curate in Charge and PCC Chair until 18 May 2025 - reggned from PCC 30 June 2025) Reve￿nd Clive Beard, Incumbent and PCC Chalr slnce 18 May 2025 Reverend Augustyne Omavuebe PTO Page 2

St Stephen's LEAhNING-.O LOV& ￿ JLSLIS DOLS Wardqffls Moss Fiona Duncan (PCC Secretary) Mr David Rankin 0*an￿ Synod: Mrs Stephanie Rankln (LLM, PCC Treasurer from l January 20261 Mr Anthony Rlley eie¢ted Members Mrs Hannah Falkingham Mr Tim Fenna (tsmi of office ended 6 April 2025) Mrs Hannah Gaskell (reslgned 8 September 2025) Mr Peter Gaskell Ms Loulse Harlow Mr Andrew Hiroffts (Wio Chair Sir￿ 8 September 2025) Mrs Mel Hollaway Mtss Val Kay (elected 6 April 2025) Mr Nischal Lamichhane (resigned 27 january 2025) Mrs Hannatu Mshelia Mrs Patrfcia Wnder Mr Andrew Pratt Miss Bimla Rai (elected 6 April 2025) Mrs Sarah Woolford (PCC Vice Chair until resignation on 8 September 2025. PCC Treasurer until reslgnatyon on 31 December 2025, resigned as PCC Member 31 December 2025) Deanery Syn¢)d Two members of the PCC sit on the Deanery synod. This provides the PCC wlth an Important link between the parish and the wider structures of the church. The PCC recelved reports from the synod meetings and was able to ask questions abwt what took place. Worshlp and Prayer The PCC alms to offer a rBnge of servlces durtng the week and over the course of the year that our ommunity find both beneficial and spiritually fvlfilling. Our usual pattern is to hold servlces at 10.30am on Sunday morning and at 6.00pm on Sunday evening as wdl as extrd Servi￿ for Ash Wednesdayi Maundy Thursdayi Good Friday. Ascen51on Day. Chrbstmas Eve. Christmas Day and St Stephen's Day. All are welcome to attend all our services. On 31 [)e￿mtser 2025, there were 11 I parlshloners on the Church Electoral Roll (compared with 103 on 31 December 2024). Page 3

St Stephens LEARNIYO ro LJI'L AS.. id5 DOES In addition to the Servi￿, member5 belong to small group5 ¥thich meet for fellow5hlp* prayer and Bible study. There Is a150 a monthly prayer tneeting. We conducted one wedding in 2025 arKI t¥Yo funernls. Revlew of the Year - Reverend Cllve Beard wrltes: I cannot tell you what a Joy It has been arrlvlng at St. Stephen's and startlng to get to know everyone. I cannot believe that, as I am writing this introduction, I have only been here for 8 months. I say that In a g(M)d wayll Thank you so much for making me and my famlly so welcome, and for maklng It such an easy transition into a new parish. a new church and a new home. My first priority was, and continues to be, to get to know people, both as individuals and within the ontext of the church community. E can genuinely say that that was. and continues to be, a real pleasu￿1 You probably all already know this, but St. stephen's is filled with amazing people, many of whom have no idea hcwl amazing they are. EV￿ before my Interview the Arthdeacon said it is a church that always makes him smile. I can see vthyl ! I feel a large part of my calling is to help people see how God 5ttS them, to discover hls gifts and talents in themsefve5. and to use those gifts and talents as they love Klngdom Ilves In the everyday. l am blessed that St. Stephen's Os a church wth strong. prayerful foundatlons, a fantastlc heart and great potential. My second priority has therefore been to begin the process of tyjilding on those strong foundatlons. We have been working tO9ether to put In place systems. struttures and Sdeas that we hope will enable u5 to grow as a church, both spiritually and numerically. The PCC, and other leaders In the church, are so open and receptive to growth - which I can say is never taken for grantedl My prayer is that together we can be a churth family that shirTres as a beacon of God's love In our communlty. As St. Paul says: 'There are dlfferent klnds of gllts. but the same Splntt dlstributes them. The￿ are dlfferent kinds of service, but ihe same Lord. There a￿ different kinds of viorking, but in all of them and in everyone it is the same God at work.. I Corfnthlans 12.4-6 I want to acknowledge and glve thanks to Revd. Barbara Hunter, who selflessly led the church until I arrived and was gracious in stepping back when I then was installed, and Stephanie Rankin, as LLM, in sUPPOrting her. l also want to offer a huge thanks to our amazing churchwardens. Fiona and Dave, I could not have asked for a better warden team, they have fulfilled the role wtth dedication, patience, hurnillty and Godliness. I cannot praise them highly enough and am so grateful for all they have glven through the interregnum and beyond. Dave has been churchwarden for many years and wlll now be having a well-earned break as he steps back from that role though, servant hearted as he is, he will SUII be busy helping behind the scenes, l am sure! As we go forward together, may God be at work In all of us, as Indlvlduals and as a communlty, and, as we deepen our understanding of hi5 love and grnce, may we live it out in our everyday liYe5, polntlng people to Him. l am exclted about the Journey ahead, hopefully you are tool Fabrlc Report The church remains In good condltion. Th￿ have been no major work5 or issues in 2025. Small Items of maintellan￿ have taken place throughout the year. We are grntefvl for the 5UPPOrt of all who contribute to the life of the thurch. Our administrator Stephanie Briggs retired in early 2025 and we welcomed Ruth Hirons into the role in October. Their work and that of Becky Hough cleanlng the church are a real blesslng to us all. PÉJge 4

St Stephens LEAR.UlhG T￿.01£ ￿..LSUs QQIS Flnances Unrestrirted fvnd income in the year to 31 December 2025 wa5 £128,310 (2024 £112,393). Total Income Includlng restrlcted funds In the year was £147.497 (2024 £131,126). A number of new grants were awarded in 2025. In February 2025, the PCC sUc￿SfUllY applied for Diocesan ftTrnding to employ a lay plor￿r as part of a wider progrdmrne of investment fvnded by the Church of England Strategic Mission and Ministry Investment Board (SMMIB). The award is for five years, startlng at IOOWO of costs and tapering to 25% by Year 5. Other one-off grants Include £3,500 frorn Preston City Council to support community sporting events, £2,020 from Lancashire County Coundl for the Colourful Threads art project. £500 from Broad9ate Resklents Attlon Group to fund the Cost of food in our mission projects and £650 from Elettricity Northwest to support our Hartlngton Hut activities. During the year ended 31 December 2025 a total of £108,297 (2024 - £112,284) was spent from unrestrlcted funds to provlde Christlan Mlnistry from St Stephens Church. Total expendlture from all funds was £137,530 {2024 £140,183). The￿ We￿ also a number of tran*rs between funds. Overall, unrestricted fund income after transfers exceeded expenditure by £18,611 (2024 was a deficit of £148). The equivalent fwJure for all fun(ts was a surplu5 of £9,967 (2024 was a deficit of £9.057). Looking at the Genernl Fund on its own, income exceeded expenditure by £11,993 before transfers (2024 a deficit of £449). After trdnsfers the net movement in the Genernl Fund in 2025 was a surplus of £15.229 (2024 £51). Unrestrlcted voluntary Income In the year Increased by 7%. We have twenty-four donors signed up to the Parish Giving Scheme (some of wh￿￿ are individuals and others ￿PreSent households) as well as nine donors continuing to give by standing order. In 2025 Around 43% of the Sunday collection was taken through contactless payments. cash giving remains relatlvely popular. Unrestsicted fund income was b(M)Sted in the year by a significant increase In hall rental Income, largely from one ongoing contrart that had not been antiopated at the beginnlng of the year. The largest element of our costs was £67,279 (2024 - £63,535) for our Diocesan Parlsh Share, whlch provides for the cost of clergy stipends and housing. The Diocese cakulate5 the arnount that each indivldual parish needs to contribute according to a forn)ula conslderlng several factors, Includlng church attendance and socio-economic factor5 Within the parish. OJr other expenditure related to other ministry costs. staff salaries. the costs of maintaining and using our Parish Centre and the cost of our activitie5 as a thurch. General Fund costs were lower in 2025 malnly because the admlnlstrator post was vacant for some months. We remain committed to glving IO% of all our voluntsry income to a range of charities. Reserrfes on 31 December 2025 were £92.940. of whKh £22.499 represents our missional reserve (the Snape Mission Fund), £44,946 is the general reserve, £19,972 the Audio-visual reserve and varlous other reserves totalllng £5,522. 2025 had been experted to be financially challenging and the PCC approved an initial General Fund budget for the year with a deficit of income over expenditure of around £4.400. However. Income for the year was 13% higher than exprfted, thanks to the additional hall rental income mentioned above, as well as an unexperted windfall at the very end of 2025 in the shape of an additional distribution of Lowest Income Communities Funding of £2.023 from the DI0￿se of Blackburn. Experxllture was also lower than expected, malnly because of the administrdtor r￿t vacary. However, the undwlying income prrfile for the parish ha5 not grown. Hanned giving levels a￿ stable rather than increasing. hall rental income is unlikely to continue at the same level that was seen in 2025, and the administrator post has been filled. The PCC has therefore approved a budget for 2026, anticipating a general fund deficit of up to £5,800. All reasonable measures to manage costs are being taken. We continue to be very grateful to everyone who can support the work of the church financially Page 5

St Stephens LEARNING TC LQVE AS IEEU% DOES and trust that v￿Untary intome will increase in the toming year to enable churth activities to continue In the future, ReseThes Polky It is PCC policy to try to maintain a balance on free reserves (net current assets) which equates to at least three months, unrestrfcted payments. Thls Is equivalent to around £29.(M)O. It is held to smcM)th out fluctuations in cash flow arKI to meet emeryencie5. The balance of the free ￿seryes at the year- end was £67,704 whlch Is comfcwtsbly h￿her than thls taryet. It Is our polky to Invest short-term Investrnent funds in a deposit account. Rlsk Managément The PCC regularly reviews the major rlsks to whth It may be exposed and has establlshed a range of meagjres and procedures to manage those risks. This indudes engjring appropriate health and safety and safeguardlng procedures are In place and worklng effectlvely. Banker HSBC 49a Fishergate Preston Lancashlre PRI 8BQ Approved by the PCC and slgned on thelr behalf by Reverend Cllve Beanl, PCC Chalr. Revd Clfve Beard 16 Marth 2026 Page 6

St Stephen's LEAqNING TO LOVE AS IESUS DOIS Independent Exarninerfs Report to the membersltrustees of St Stephen s Church, Preston, Parochlal Church Council. I report on the accounts for the year ended 31st December 2025 which are set out on pages 7 to 17. Respectlve responslbllltles of the Trustees and Indepentht Examlner As trustee5 of the charity, the members of the PCC a￿ responsible for the preparation of the accounts. They cOns￿er that an audlt Is not requlred for thfjs year urKler 5ectiOD 144(2) of the Charitoes Act 2011 (the 2011 Act) and that an independent examination 15 needed. Itls my responsibility to: examlne the accounts under sectlon 145 of the 2011 Att. follow the procedures laid down in the General Directions glven by the Charity Commissioners section 145(5)(b) of the 2011 Art, and stste whether particular matters have come to my attention. Basls of Independent Examlner's Statemert My examination was carried out in acc*Jrdance with the Genernl Direttions given by the Charity Commisslon. An eXamIna￿On Includes a revlew of the accounting records kept by the charty and a comparlson of the accounts presented wlth those records. It a150 indudes conslderation of any unusual items or disdosures in the accounts and seeking explanations from the management committee toncerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audiL and consequently no opinion is given as to whether the accounts present a "true and fair vlew" and the report is limited to those matters set In the statement below. IndI￿ndant Examlner's Statem•nt In connettion with my examination. no matters have come to my attention: l. whlch glve me reasonable cause to belleve that In any materfal respect the requlrements to keep accounting records In accordance wlth s.130 of the 2011 Art, or to prepare accounts which accord with these accounting records have not been met. or 2. to whlch, In my opinion, attention should be drawn In order to enable a proper understandlng of the accounts to be reached. Debble Hale ACMA, CGMA Stillwaters 2 Langton Brow Longrfdge Preston PR3 3XH Page 7

Ststephens LEARNING TO LOVE AS JESUS OOES Fw Telal 91.C3 27.023 94.789 38 311 13.07¢ 521 87.337 Church •(kni r••n•r•brq fvNY• 11219 .120 521 271 Tail kntomb 1W10 147A17 131.126 Colts o1gweral￿0t￿lU￿knirthm Chur(h 124 IIK174 12 13T.4W2 139033 235 Tolal•xp•ThlKw• 1J7J31 110.1)MI 19m7) 11ffj$1 1257 112S7 15.IW1 1U11 19.057) 12JTJ 92,9 92JJ29 82￿7? •7204 25238 G¢Th￿l 29.717 Sny Fw Eurfund 22499 22A#9 259 19.378 AVFuThl 1#)72 199n 23.453 8T5 321 321 Hafangtyjn Layllonwr L￿rthclub 705 2501 815 225 627 Swhh• 3.177 3.17T Tothjlerlknp 82JTJ Page 8

St Stephen's LEARhllNGTQ LOVE AS JESUS DOES 3111 3111Y24 Bod¢r AVSyBm Total fvEodAs•ts 19,972 23,967 CwTOrtAsMts 14.3 49,608 13.877 29,087 1.839 owi$fdk￿￿n¢ Lunth Club currentPox￿nt cllan8ous R•c•wbbl• 2A56 67J4Q 7.321 52.93$ T<l•lCurr•nt ￿•￿ Titsl Uwl 23 92J Ywrfflov•mwrtlxkng•• Unr•ikncd Funds 18.611 18,6441 11481 18.9081 R••trlthd Funds Unr•8thrd Funds 67.704 25236 49.093 33,879 Reilri¢X•d Funds Total ￿￿•T¥• Approved by the PCC and slgned on thelr bethalf by ReVern1￿ Cllva B•ard. PCC Chjlr. 16 March 2026 Page 9

CKSt Stephen's LEARNINCI TO LnVE JESU£ DOES B•lanc•s Br(￿ght Fonw•nl ES Carried Fonwanl Ine¢xnlng Trnnd•rn Gen•ral Fw 29.717 120290 {1082971 3238 44.946 Sftape Fund EctyFund 19376 8m1 (4 8981 259 22.499 AVFund 23.453 875 15.6691 19.972 18751 920 Childr•n and Youth Nf ni$try 748 116681 (5.8171 5.817 t,IiAii Oiscrntionary Fund Hartington Hut LayN"on$3er Lun¢h Club Imspa ROWI 8tao 511 1301 11fj081 14.1701 {2.6201 12031 12001 (87 321 795 4.510 2075 215 (2.7591 615 827 225 12591 sps￿h1 8peu81 ColledJn8 Sports Equlpm•nt Toddl•r(knup 112221 12.7391 (3.4861 3.393 {1.3351 {6711 {4921 3.834 3,177 12JTJ 147A97 I137￿0) 92J40 Page 10

<XSt Stephen's l. Acme funds of the PCC that are available for spending on the general purposes of the PCC. Induding amounts designated by the PCC for fixed assets for Its own use or for spending on a fvture project and whlch are therefo￿ not included In its Yree resen•es" as dSsclosed in the trustees. ￿pOrt. Deslgnated fund$ a￿ general funds which have been designated by the PCC for speclflc purposes. However, balances remaining on these funds can be reallocated by the PCC. There are rbo Endowment lunds. ASSETS Consecrated and Benefflce Property In so far as consecrated and benefice property of any kind Is exduded from the statutory definltlon of "charity. by Sertion 10{2) {a) and (c) of the Chadtles Art 2011 such assets are not capitalised In the financlal statements. Moveable chU￿h furnlshlngs Moveable church furnishings held by the vicar and churthwardens on special trust for the PCC, and which require a faculty for dlsposal. are Inallenable propertyi listed in the church's inventory. For Inallenable property acquired prior to l January 2001 there is insufficient cost informatlon available and therefore such assets are not valued in the accounts. Tanglbh flx•d assats for by dwr*y These are capitslised if they can be used for more than one year, and cost at least £2.000. They are valued at cost or valuation, over their estimated useful lives. INVESTMENTS Short terni d•Po￿ts represent the cash held on depo￿ at the batlk. Page ll

St Stephen's LEA￿￿1￿￿ TG LO4E Af laus O" INCOME iknr•9tr1ci•d Funds Totsl Volunt•rylrt¢m• Planned giI4ng'. SlaThJing l>d•r¥ Pwlsh GIM"n9 SctWO T•xR8CO￿￿abIa 8.578 55291 14950 8,578 55291 14.950 11,054 52,607 14,076 Collecbon¥s.' {(yn Pl) Ta¥R¢g)wr¥bl• 2991 2,991 748 3,846 SundryDonalfions Donaknn8 6923 1583 7218 1.583 3.393 2,746 312 TaxR8cowrnbl8 tknn•ti¢xJ•. D￿4￿oN$ TaxR8co¥grabl• 3.393 39 1.734 39 91m3 94,709 87J37 urehkfl%lll•¥ F••$ 604 28,969 6.670 1,820 248 38.311 187 29.373 8.312 1.1LKI 1811 38191 RowThbng l>an On• afGrants 24A59 4.S10 6,870 Churth Ho11 L•thnqs,' PCC Obi•d Pasmenls forthpnb 108 27J)23 11219 Lunth Club Income 2M25 2,625 35 R•fill 17 Churth Hall I•Y-￿IN1 rni•iThJ Fundrai*ing Cther 9.7LM) 9.700 707 1.CL)S 413 707 9.704 3J66 13P70 4.120 Inc>)m• Imm in%•sfyn•nls 521 521 521 521 506 orincoming r•¥¢KMr•s 806 271 1106 271 Tthl 128J10 19.148 147A9T 131.126 Page 12

St Stephens LEARNING TO LOVE AS JESUS OOES EXPENDrnIRe iknr•rfcl•d Funds Fund• Tolll 124 t24 114 Card Ch4rg•s 129 Gmng kfjJ$ionary R•liefand 08ipmont Uk Christian 3.343 2.507 2.507 3.343 3,403 2.552 2,552 1.887 2.507 Oiscretianary Fund Sp•dal col•don 2,467 I2￿03 11244 Fkn$h Sha Co8ts olEmplosTh•rt CtherMni$tycosts sh Training Churth S•r• Costs Ms$lon ond Chuth 67279 67.279 17.892 4.8S4 277 83,535 23,030 4,397 210 820 778 5.436 8214 Costofthenls 309 1,183 2,580 8,743 8,568 4,fjQ1 238 127,564 Equipm￿18nd Fury¥￿Te Co$ts arKI Liw Churth kIntaIn￿c•8Md 0therRUnnw￿ Costs Llts'lities 3,828 3.530 10.630 7,766 4,601 7.766 Dered4tion on EQ￿pMent 99817 27.341 127,137 T￿1 P4•ow¢M e¥p•ndwd 1082•7 29,233 137*30 140.183 Page 13

St Stephens LEARNING TO LOVE AS JESU5 DOES 4. Pald Employees The PCC employs three part-time workers- a cleaner, an administrator and a lay ploneer. The equivalent number of full-tlme employees on 31 Decembw 2025 wa$ 0.91 FtE. YwrEnd14131 Cwnb•r 2026 Y••r D•umb•r 2024 T(tsl Salarie8 EmpWrP8n8ion Cortffthulon8 7,671 229 9.693 17.364 529 13.044 Tthlstsff C¢•i• 17 14014 230x1 In 2025 the PCC joined the Nest defined contrlbutlon W0￿p1a￿ penslon stheme and has set employer contributions at 8% of salary and employee contributions at 20h of salary. As well as provldlng an Important benefit to our employees. this ensures the PCC meets its automatlc enrolment obligations. 5. TangllAe Flxed Assets. A new audio-visual system was installed in December 2020 and is being depreciated over its estimated usefvl economic life of 10 years from January 2021, chargeable to the Audio-visual Fund. cC•tor￿1ua1lO 8•lan¢e broughtfrx•rd 57.407 57.407 0opo$a Impairn18ftt 57.407 57.407 8alanu iThighlfr)AvAr 24.548 24.548 4.601 4.601 Oispo8al• 8dance rarried knwa 29.148 29.148 32,859 28258 Cwtl•d forw•rd 28258 Poge 14

St Stephens LEARNING TO LSVE AS JESUS DOES 6. Gr￿tmakIng 202S Il••trfcl•d nd• IAkn#loMry Stsdbii cWl• Bt TraThJtrx8 P•hl•nd (bv•lowN•rt 1.701 T•r Furd 1251 1251 1SJ2 Sp•¢lal Coll&ciion8 1.413 724 215 These donatlons Include PCC donations a5 our commitrnent to give away Ioolo of our Income {a tithe) from giving and tax Yefunds. The d￿ritIeS benefittlng from this, and the amounts donated are as shown above. Our Christmas appeal for 2025 was for the Al-Ahll Hospltsl In Gaza, which is owned and operated by the Eplscopal (Anglican) Diocese of Jerusalem. Funds raise(1 directly from the cOng￿gatIOn plus surplu5 funds from our General Fund tithe were sent to the UK charity lialslng with the hospital in early 2026. Page IS

St Stephen's LEARN1Tr4G 10 LOVE AS IESUS DOES 7. Debtors •nd Pr•p•ym•Trts Year Enthd 31 DBcemtsr202S Ye4r Ended 31 DK•rn￿r 2024 Unr••trld•d Td•l Tol•l Tax R•fvnd$ 2023 2.444 3.100 2,444 3,190 TaxR•fiJnd8 2024 90 T*XR￿nd$ 2025 1.857 1057 Prepayn•nts Puru8d InoJm8 787 787 Tthl 2M6 56 7231 7M21 8. Credltors and Accruals Y••r End•d JI Lkn¢•mb•r2025 Y••r En(l•d JI Lb¢•mb•r 2024 Lknr••trlctsd P••trkt TrA•l Tolal ChaThtab￿ 2024 k¢ru•l$ IPAYE D•fow•J kncome 1.737 148 2.724 535 1,137 1.137 387 106 700 7CKI 1A74 338 2.717 ioi 2123 Page 16

St Stephen's LEARNING TO LOVE AS JESVS DOES 9. Restrlcted and Deslgnat¢d Income Funds Fund Name ose •nd Restrfctlo Funds received and paid out on behalf of another o anlsatfjon. FundiNJ relatsd to the auditrvisual equipment purchased In 2020. The resfjdual balance relates to the depreuoted equipment lather than available cash balances. Funds recelved from the Benefact Trust, orfglnèlly intended to employ a YC￿jth Worker. In 2025. with tl agreement of the T￿￿t. the Fund was dosed and the remalnlrwJ balan transferred to the Commvn w0￿er Fund. Funds Receiv￿ from the Olocesan Ministry Fund and used to employ a Commnity Wowkèr. phjs ottaslonal small grants from local charftoes to support thls work. The fvndlng ceased In 2024. and tht post supported wlth other mlsslon funds until J 2025. Thos Fund Ss now ck)sed. Audlo-vlsual Fund Benefart Trust Communl Wc#er ildren and Y¢Mth Mlnl Funds rais￿1 to gjpport a)ildren and Youth WO￿ In the Parish. Hokls thurth family contributlons glven for the PCC or incumbent to make available to hdp people in Individual need. I[￿Ome and ExpÈnditure relating to the Hartlngton Hut project. From 2026 the non-restritted aspects of thls work wlll be man h ihe General Fund. Oiscretio Funtj Harti ton Hut Ec(trChurth New Fund to support our Eco-church Pm'ect AJI income raised and expenditure incurred in respect of the Lunch aub Phjs, onc1￿ing small grants from local thadtles ated to Ihis ¥¥ork. From 2026 the non-￿$t￿Cted aspetts of this wcrt will be managed through the General Fund. Funds Received from Di(Kese as part of the Investment tffogramme supported by the Strategi¢ mI￿10n and Ministry Investment Board {SMMIB . Thts fvnds our La Ploneer ost. Funds received from the Together Trust and used to support communty develc¢)ment projects. Income and expenditure related to tht fomier bi-monthly ￿11 shop. The remalnlng balan￿ has been transfer￿1 to the E¢o- Church Fund. and the fuNI Is therefore dosed at 31 December 2025. Missional funds named after Mlss Amy Snape, legacy some years ago was the orfglnal s4yJrce of this money. The fund is used to further the misslon ob"ertlves of 5t ste hens. IrKome and expenthture related to the Ctsknurfvl Thoads Commun Lund) Club Hus La Ploneer Mum ace Refill Statoon e Mlsslon Fund ehlve Speciol Collecb¢)ns for charftjes or other Inttlatives are held from time to time. The income Is re5trkted and Is all sent to thech for whTrch it Is collected. edal Collectlons It￿Ome and Expenditure relating to a grant from the UK Shared Prosperity Fund s￿rts LeIsU￿ Project (via Preston City c￿n01) Irthne and ex￿￿rture from the weekly toddler group. which Is now on a long-tern pjuse. The balan￿ has been transferred to the G￿eral Fund Sports equtsment Toddler Gro Page 17

St Stephen's LEARNING TO LOVE AS JESUS DOES 10. TraTrsfern betw••n fvnds The main tran5fets between funds in 2025 1ndl￿d. £5.817 into the Community worker fund from the following.. £4,271 from the Snape Fund, £875 from the Benefart Trust. £671 from the Sports Equlpment Fund. All transfets were with the agreement of the orlginal funders who a9reed their use to support the salary costs of the Community Worker post until July 2025. £2.759 from the Lunch Club to the General Fund. £513 from the Snape fund to the AV fund. £600 from Special Collecticrf)s to the Children and Youth Work Fund. whlch was money raised by the Youth to support thelr summer camp, plus £200 from the Dlscretlonary Fund. There were also some mlnor transfers to clear balarKes on funds that are no longer active. 11. Related partles A total of £645 {2024: £713) was paid out to PCC members (or their close family membets) as reimbursement for various parish expenses. Thts does not include expenses pald to the Incumbent or curate in charge, a small immaterial portton of which may have related to thelr serv1￿9 as PCC chair at diffe￿nt points in the year. No other payments or expenses were paKI to any other PCC member, persons closely related to them or ￿lated parties. Page 18