Church Extension Association (Incorporated) Limited by Guarantee Report and Financial Statements Year Ended 31 October 2025 Reglstered Company Number 00032430 Re8lStered Charity Number (KJ200240
Church Extenslon Assoclatlon Ilncorporatedl Report and Financlal Statements for the year ended 31 October 2025 INDEX PAGE Reference and admlnlstrative detal Report of directors and trustees Independent avdr¢orfs report Statement of financial arttvltie5 io Balan sheet li Statement of cash flows 12 Notes forrnlng part of the flnanclal statements 13to25
Church Exten5k>n A550clatlon Dncorporated) Report of the Trustees forthe year ended 31 October 2025 Referen¢e and adminSstrat[ detaM5 Trustees F H M Baumber8 E C 8rogden C M Heybo¢Jrn 5JHird A Taylor T D Wflght J I rimm5 Appointed 15 November 2024 Secretary and re8lst•red oflk• C M Heyboum Sl Ml¢hael's Convent. Mc•ra8e Way, Gerrards Cros5. Buckln8hamshlre. SL9 8AT Company numb•r (I)032430 Charlty rnglstratlon numbEr 2(11240 Audltors Moore KSngston Smlth LLP 9 Appold Street, London, EC2A 2AP Invegtm•nt managers RBC 8rewin Dolphin Securltfes timited, 12 5mithNeld Street, London. ECIA 98DLondon. ECIA 960 Sollcltor$ Stone King LLP Upper Borou8h Court, Upper BOr0h Walls. Bath. BAI IRG
Church Extenslon Association Ilncorporatedl Report of the Trustsesfcrf the yearended 31 October 2015 Icontlnued) Thè directors and trustees present thelr report together wfth the audited financial statement5 for the year ended 31st Ottober 2025. Le8al and admlni5trntlon detsl Legal and administratlve informatton set ovt on the prevlou5 page fom5 Part of th15 report. The financlaS ststements comply with the current ststutory reouirementS, the Memorandum and Artlcles of Assoclatlon and the Staternent of Recommended Practice applKable to charitles preparing their account5 in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland. The TrStee5 conflrm that they have compl*d with the duty in se¢lion 17 of the Charitie5 Acl 2011 to have re8ard to the Charity Commission's general guidance on publk benefit, Includin8 the guidance on 'Public Beneflt: runnSnB a charity. IPB21. Structur•i governanct and mana8•m•nt The prlncipal actlvlty of the Assoclatlon Is that of a CrItable or8anlsatlon en8a8ed In relbglous edtIon and general pastoral work. The Associatlon was founded in 1864 and in 1890 was Incorporated as a company limited byguarantee and Is governed by Its Memorandum and Artlcles of Asso¢5atlon. In the event of the Asso¢lation being wound up each Member ha5 guafanteed to conlrlbute a maxlmurn of £1. The reg5steTed charlty number Is 2fy)240, the company nuMIr Ss (Kw)32430. Truste The trustees are the Sister Provincial. the ASStant Provincial and other elected Members. The Appoinlment is for a period of three years after whlch they may be ifrelerted. The trustees of ihe Assoclatlon durlng the year and upto the date of approval of the flnanclal statements were: F H M Baumber8 E C Bro¥den C M Heybourn (Secretary) SJHird A Taylor (Chairl Jill Tlmms Appointed 15 November 2024 T D Wright The dlrectors usually meet a minimum of three times a year. the Secretary draws up the agenda, and item5 are included in response to established practice5 and as a way of monitoring the administration of the charity. Stspley Be4ue5t 20D240-l and Mrs frAary6utch Charity 2CX)240-2 are both admlnlstered by the Tntees. These are Ilnked chartiies as defined by the charIt Act 2011.
Church Extenslon Assoclatlon (IncoTporatedl Report of the Trustees for the year ended 31 Ortober 2025 (continued) Trustees are elerted by the Members or Clpted by the Trustees under the Memorandum and Articles of Association of Church Extension Association {Inc). Ongoing support and tralning is made avallable as necessary, as is advice from legal and financial professlonal advisors. Rlsk management The dlrectors and trustees have assessed the major risks to which the tharity is exposed. in particular those related to the operations and finances of the Association. and are satisfied that procedures are in place to mitigate the exposure to the major risks. The Trustees identified six areas of risk,. Dlsaster: From fire- mltlgated by regular fire alarm and smoke detector checks; fire safety trainin& regular boiler checks: Insurance in place. Following 3 lightning strlke a conductor wlll Ilkely be added. From flood- mitigated by regular boiler and plumbing checks: Insurance in place. Bulldlng: Malntenance contracts,. Èmergency numbers vlsible; fault reportlng procedures; reBular Insurance surveys,. allowing adequate budget prov1510n' rUranCe in place. Computers: V5rus check in-bullt: back-ups in place," passwords used. People: Health and Safety procedures are a prlority. EmploYee10- Contracts of employment: use of 'Penlnsula'. Flnanclal: Fraud, Investments- Annual audit,. Sister Bursar in place; ta5h is kept secure: regular check on investments and ratir$8s,' annual meetlng with business advisors. Havln8 suffi¢lent Income to meet expenditure. Reputatlon: Wrong coun5ellin8 advice- professlonal insurance and 5upervlslon In place; on- golng professional training. Safeguarding policies in place; training made available for spiritual directlon/retreat work.
Chutth ExterTh Assoclation Ilncorporatedl Report of the Tfueè$fOrth¢ yearendéd 31 October 2025 Icontlnu¢dl Oblectlves and artlvltles Thè A550ciation Is established forthe fvrtherance of religion. education and the relief of poverty. These objertivÈs are met throvgh the outreach and ministry of the Sisters. who Il¥e at the propertie5 that the Assotlation owns and those locatlon5 where it operates. and the trustees ensure that they benefit the public. The trustees have had re8ard to the Charlty Cornm1s51on's guldance on public benefit. including 'public benefit: running a charity IP821'. A full descrtption of these attlvities can be found on the Communitvs webslte-www.sistersofthechurch.or8. Achlevernents and performanc• The Communlty at 51. Mlchael's Convent. Vl¢arnge Way. Gerrard5 Cross, bucklnghamshlre SL9 8AT have contlnued wlth thelr dally worship and Interce551on. Members of the publltwere welcomed for Retreats and Quiet Days. The garden was shared with others through an Open Garden Day wlth the National Open Garden Scheme. Sisièrs have contlnued wlth the mlnlstrles of Quiet Daysi Counselling and SplT5tual Dlrectlon. The eldest members of the Communlty Ilve and are cared for at St MlchaeY5 Convent Gerrards Cros& Durln8 August, the Sisters h951ed an international 8atherlng of Member5 of the Communlty. Famllles and women are SUPP¢*rted, some have yet to 8aln Indefinlte lea¥e to remaln In the UK. They recelve both nanclal and pastoral help. At our Srlstol house the work has contlnued to be that of pastoral care outreach in the local community, mainly £entred on the house but also workln8 wSth other agencies and food-banks. At the house, thls care ha5 taken the form of both practlcal assistance. such as 8lvlng food parcels at the door. and befriendlng and Ilstenln8 and glvin8 prayer support to callers and volunteers. Some InddUalS re¢elve extenslve and lon8-term support from the 51ster5. There are a team of volunteers who amlst the Slsters wlth thelr Mlnlsty. The ¥olunteers contrSbuted approxlmately 6,000 hours In the year. Outside the house, Sisters provide reli8ious education ihrou8h such means as talks, preathin¥ and splrltual ac¢ompanlment. Sisters make pastoral YltS at home, In hospital, and prison whèrt permltted. Slster Annaliese continues to live at Clevedon and has been involved with ministrieswiih the Quakers. Sister Rtssina ha5 now moved to the bungalow at Clevedon. Annalie5e coordinatesthe Quaker Warm Wel¢ome Drop in and Rosina also helps wlth thls. Both Slsters offer pastoral listenin8 and support. 51sters who lfve beyond communtty houses to care for famlty membÈrs and relateS remaln commltted to a Ilfe of prayer and service and attend community gathèrln85.
ReportofthoTru5teeslDrthBy•arended 31 Octobor 1025 loJntiNuedl Flnantlal Revlew Thlsyearfs actIvleS resuthd In a suWuso1£984.70812024-£7382831, whlch hasbeen transferred toaccumuIat reserves. Ofthptoial 5urplu5, £10,561 relates to realls@d 1n on In¥estrnents, £996.307 relatesto unreallsed gaiffl50n Itwe5tfflent5and therewa5an operatlnalu$5 01£22,16012024- £2805]. Reser¥e5 Pollry Thtyearfs surphJs has ireaSed the 4ccum¥la¢ed reserves to£16.t147A8412024-£l5.461,6761.ThETrty51eescoderthal this level of reserve515 nece55aryforlhefuturefinan¢ial 5tsbiltyolthe£harllable c(xnparylNtwo reaso... 11 £6,412.868 ofthe reserwes Is represented by Stmkhael's Convent at Gerrarfs Crossand the other prop¢rtlesheld by the charlty. 21 £9.959.5gSof the reseNes art represented by Irtvestmen the lncomtfrWhkts1l companVsprln¢lpal source of In¢om•. OFthe unrestrkted reservos. £6,41268lny•5t•d In flxedass•tk The Ilnked ch8rityStapleyOequest reslrkred fund w8% £S4.28612024 £53.6521 Thellnked charity mrs.ry Gutrh's re5trittedfund wa5 £146.03312024£1442941 Th• 8rlstol branth'sr¢strictedlundwo¥£3928012024U3131 Th15 1Ve% £9,791,9174s free r•serye501the clb¥lty. Tht<harityseekstp malnthin frv r¢stws STrdl0(01In¥OIDdeIWeT ltschortt•ble obiettN•s ¢OtheCrftsbpnIfi¢l1rte$ Inth• medlum ard short term.Thefree reserves are Invested to piovlde • sustaina¢ Iv4el olsupport forthe Chèrty. These reseThes may •ppearexce511ve, but are t¢nsW•red necesmryto protett the Charttyfrtyry maiketvarilw The tharityhasc4kulaiedthètth¢ worWn8 capltal reqvlred foi the contlnulty ond operatlortalthe th•rltsxtlllesfuri pwlDOol J2 mmtlols£564.(1 In¥ertmek1(V Investments are stated atthe rnartetwhje Fm•45r •tthe baeS1e¢ll1e.The maret lUeDIqUoled 1etyrtt 55 based on thE prSce. Any8èln orloss on revalu•tlon laken to150FA. The Investmeni wllcy Is to maxlrn15etotal return throU8h è deT$ed port10lWhl15I Prdni a IMI of IncomÈ•okn5ed by the tnSSte¢5 fromtlme totlm¢. There is also an Ethi¢•l Pollcyprncludlng kn¥ÈstWl In anycomynywhich. after rea50Dable enquiry. ckarty ho5 $18nlfltant profft5from att aetivitywhlch is contfary Itsthe oblKttrrfesolthe LThw¢h ExtenSIL Assoc¢it¥Jn. PIB Ths forth• fvtw• The Slstefs p&Tr1ocontlnWh thpir ostsbllshed mlnislèSl1sI bqkn8 opentothè wiblllwes of new ca114n TheyntInUe toseekwaystomake a smaNpr inrtOn ther0MenL They plan to¢ontlnue seekin8financialsupkXlrtlorthe mlni5tywtthwowi¥A thldren ¥Aw¢ametotMscountsyas 45ylum seeker¥ and d15placed pernohs. Inthe shmio Med1mtErrn, the charlty h•stht 518rtrkaAt resÈT¥e5 It hokts In Ilqukl Invesvnents.whlth can be rudlty converted Into cash If requlred. Ith3s enw8h unted furww coniinve its thar¢tJble attwities and fund futu potentlal defKit& should th••arl.
Church Extension Assoclation IlTrcorpornted) Report of the Trustees for the yearended 31 Ortober 2025 {contlnued} 51atement of Trusttt¥ respon51bllltles The trustees (who are also the directors of the Church Extenslon Associath)n Ilncorporatedl for the purpose of company lawl are responsible for preparing the report of the dliectors and trustees report and the financial statement5 In accordance with applicable law and regulatlons. Company law requires the trustees to prepare financial ststements for each financial year. Under that law the trustees have elected to prepa the financial statements In accordance with United Klngdom Generally Accepted Accountin8 Practice (United Kingdorn Accounting Standards and appIlble lawl. Under company law the trustees must not approve the flnancial statement5 unless they are satlsfied that they give a true and fair view of the state of affairs of the charltsble Company and of the profit or loss of the charltsble company for that period. In preparinB these financial slatements, the trustee5 are required to- select 5ultable accountlng polScles and then appty them conslstentlv* make Judgements and accountlng estlmates that are reasonable and prudent: state whether applicable accountlng standards and statements of recommended practlce have been followed. subject to any material departures dlsclosed and explained In the flnan¢lal statements: prepare the flnanclal statements on the 8oin8 concern basls unless Itls Inapproprlate to presume that the company will continue In business. observe the methods and prlnciples in the charitles SORP. The trustees are responslble for keepln8 adequate accounting records that are sufficient to show and explain the company's transactlons. dlsclose wlth reasonable accuracy at any time the financlal posltlon of the company and enable them to ènsure that the financlal statements comply with the CompanSes Act 21. They are also responsible for safe8uardinB the assets of the company and hence lor taklnB reasonable steps for the preventlon and detectlon of fraud and other Irregularltles. Audlt Intormatlon All of the current trustees have taken all the steps that they ou8ht to have taken to make themselves aware of any Informatlon needed by the company's auditors for the purposes of thelr audit and to establish that the auditors are aware of that information. The trusiees are not aware of any relevant audlt Information ol which the auditors are unaware. Thls report has been prepared in accordan wlth the speckl provisions of Part IS of the Companies Act 2(X16 relating to small cornpanles. Approved by the board of trustees and si8ned on their behalf by- C M Heybourn Trustse & Secretary Date.,
Ind•pendenl AudltoYs' Rèportt(• the Meml)•rn of Church Exlfjnslon Assoclth VncorpoTatedl Oplnlon We have audited the nanCIa Staterrnts of Church Extenston As50Ctatlon (Incorporated) for the yeai ended 31 O¢tober 2025 which comprise the Statement of Financkal Activities. the Balance Sheet. the Cash Flow Statemenl and rtoles to the financial statements, indL#ling significant accountirKJ policias. The financial reportirg framework that has been appllgd In Ihair prepaT8llon Is appllcab19 law and United Klngdom Accountlng Standards, includlng FRS 102 'The Financial ReporlT"ng StaThJatd Appbcable in the UK and RgpuUic cf Ireland, (United King(Jom GoneraltyAccepled Accounllr8 Praclicel In ouroplnlon the finandal statements: • gSve a tTue and falr vlew of the state of Ihe cFArflable affalTS as al 31 October 2025, and of Its incomlng Te¥ources end applKallon of reswrces. forthe year then eNled'. • have be&n properly woPW8d in 8¢¢cOnC0 wllh Unit•d KlngL)m GènwaltyAceaptod Accounting Practice; . hève prepared In ac¢or(iaTKe vllh11A1 r¢qiurem8nts of ihe Crynpanles Act 2CQ6. 8a81¥ for oplnlon Wo ¢onducled our audlt In accordance wllh lrrtem8llI Standards on Audltlng IUKI {ISA6 IUKI) and appllcable law, Our responslbllitles under those stend8rds are furlher desuibed In Ihe Auditorfs Responslbilllles for the audll of the flnanclal statements sectlon of our rgiyyt. We arè indepen(Jent of thg chaiity in accordancè with th& elhlcal requireNnIS Ih81 are r618vanl lo our oudll of finandal statements Sn the UK, Includlng thè FRC'S Elhlcal Standard, ond we hevo fulfilled olhbr fjthKal rgsponsibilitles In e0rdance with Ih8Sg requlr8rn8nt$. We boM¢ve th81 tho audll evklonce we have obtslned 58 6ufficl8nl appfowlate to prnvld8 a ba¥18 for our oplnlon. Con¢lu8lan8 T•latlng to golng cOnM In 8udStlng Ihe flfianclal stslemnts, we have con¢lLKJed Ihot the Irustee8' u8• ol the golw ¢oncem ba818 of accountlng In the prgP8rollon of the fin8nclal slatsrngnts Is approprfote. Ba88d on the work we have performed, w• h0 not Identlf¢ed ary rn8teiiMI un¢fjrt•lnlleB relallng to èvents or condlllon8 Ihpt, Indlvidually or llec1fv0ly. may ca81 sjgnbficant doubl on charlty's 8bSllly to conilnu8 as a golrwJ con¢orn for a perlod ol al loasl twelve mcth Irom when thg finanthl statsments arg aulhor18ed foT1ssu&. Cyur re8ponslblllllg8 and the re8pon8lblllkn of the truth88 wllh resFrtto goW¥J concern aro de8CFlbed In the ralgvanl 8eclk>n8 of th18 report. Other Informatlan The olheT Informalioft coffwises tho Inl+)Wfolknn inclLvJad In Ihe anrw•l report therth9n the financ1 •ts1omonts and our audllor's report Ihereon. The Irustees are responsitle for the other InformalSon conlalned wllhln the annual report. Our oplnlon on the financlal slatements does not cover the rAher Infomatrjn and, except to th8 9Xt8nt olheTWi89 ¢xplicilly stated In our wptsrt. Wo do not express ary form of 83SUTance ClU31n IheTeon. Our re8ponslblllty Is to read the ather Infomwon aftd. In dolng 80. con$ld8r w19r the other infometk)n18 materially Inconslstent wlih Ihe TrancIal statements or our knowledge obtained In the course of the audlt or otherwise appears to be m8terWly mi88teted. If we idenlify such m818rial incon5i5tencles or appaTent matertal misstalemenls. we are rtyuired to delerrnine whether there is 8 material rnisslalement in Ihe financial 8181emènts themsefves. Sf. based on the work we ha perf¢)rmed. we conclud¢ Ihat thgre18 8 mèlwl rnSsstatem&nt of thls other information. we are Tequtred lo roport that fa¢L We have rK)thing to rewrt in thIB regard.
lnd•p8ndontpdII0Ts. R•porttotho M•mboY8 ofChuT£h EX10ftASSDcIalkn Iln¢0rpa1adj Matlers on whlth we are reqrnd to rnport byexc¢ptlo We have Ithing to repDrt in rosp1 ofthe folbwlryj Mallets the 21)06 r8(Ndres us torepryl toyou11. In ijur 01)n. • the tnfoTmatlon glven kn the Truste6s'Annud Report Is w¢$t¢tIn aTW WAteTlal resppta7th the ffinandal stalgmgnis.. or • adequate accounlkw rec¢xd8 have Thjl been kep( LV t8lwrn adequate have Mt been recow from branch89 nol vKiled by us.. or tha financial slatements are not in agregrngntmth ¥counlwKJ recoTd5 and rduftts; LY • we hBve nol receivgd all the snforrnaiion and oxplanatiorts w requi1 forour R•8ponBlbllttlo8 of trust• A$ 6xpLgin¢d rThJr8 Ity in thè trusteas. pstl[8$ ststwnent set wt on paye 6. the tnAleos Ivtho org alsothe dr8¢tors of the ¢harltsble coryanyfor1he purposes of comFany law) are resporslble Ihe prep8TaUon ol lh9 financial slaiernenls and for bBing Satisfied Ihal Ihoy glvga true and falr view, and IOT such Inlèmal ntrol a5 the Intsi88s dgieInlS necessary to enable Iho preparnffion olflrArdel Slaten%tl w8frn8 from to fr8ud w èrror. In prep8rlNJ Ihe TSnoI statements, tnJ8t•es ar• r•spoMfc4è fOreSsi tho thatitablg cDryJ8tyv4 ablity lo conilnug 08 a Golng concgm. ¢Ji8closlng, a8 atabl9, matt•rs to go70 ¢on¢em and u8Ing tho going concem basls ofaccouAling unle88 the trustees elther Intend Ic Idate the ¢harty or to c opetat4Dn¥, or ro8lstK alternat? but to ¢Jo so. Aud50 R•BpOn8llI1te1 forttt•audlt of lh• financknl •tat•m•ffits Ouroblecllves df8 to obl¥ln reasonable assur4? aboul tslher th8 financlal stalomonts as a vthokg are free from molerlal m18Blalernent, vtheth•r io Iraua or rn. WKI to bBU? an wJ¢Jiofs i•port thal Indud•s our oplnlon. Roa8on&blo 8asuran¢• IB a high level of 886urane•, bul 18 not 8 9uar¥nt¢ t1 en ¢¢10d in oceorthncè with ISA8 IUKI will alway8 d¢Cl • algrlBI ml8Staternentwtsn it •xlst8. MIs5tat$m•nts eon arfs• from fraud cfj erroT aro contyidergd mater181 If, it)dlvldually In aggr•g#l•. IW¢ould fe860nabty b8 expwl•J lo Inthmrth th8 a0)r d8ci&hJns ol Usefs token oft tho bos18 oflhe88 fingnthol tlat¢ftnts. A6 P8rt ol an audll In o¢¢ordgnr¢ llh ISAS (UK) 8X¢rtl¥e wOfvklW[judgeI and pr¢ft8•lonal 8CePtlclBm Ihrouthoutthe audFt. W also., Idenllfy end 88S•SB th& tsks of rrnlgrw fiwndo1 819, lo frwd or orror, d•Blgn gnd perform audlt pro¢•d¥res r$8porffjive lo lh$ rfsks, #nd oblaln authl evtdencè that h sull1•nt ond appropTMe lo provlda a l)as581or our opiniDTh Thè risk of nol ¢Jgtsckng a rnaterial nMSSt9rn8N rosuttin9 from lrnjd is high8r Ihan for one re5uHlng from wror, a8 fraud may InY¢il¥o eolluskjn, forgwy. Inlèntlond (ttfv8b)n¥, nisr¥mtstlns, or Tha ovoff4Jo of Inrn ¢onlrol. . Obn an understand1 ol Intemal c(ffitrol k3Vni to the art In order audrt procedures that ore appropr4a18 In the clrcumstances, bui not for lh& purposgs of gxprosslng an opinlon tho offe¢iivenesg ol Ihe charity's Int¥rTral conlrol, • Evaluots the Approprfaters8 ofxc4Jnlw and Ihe reasonablerrts of aLwJnthu 05Wmoto3 arKI r•lated dlge108ur#s m8d8 by th?trt Conclude on the appropriat01th6 trust•es' us• ofllts goThJ cort•m basi8 ol acwunlln9 and, based on the audil evldence obtalned. whglher 8 materfdl une8rtalnty exLsts related to events or¢ond51 Ihal rnay cast slgn1l1nl doubl on th charlty's ¥bllity to tontin a¥ a gdng wKem. Ifwe Code IW a rnatèrial uncertsinty exL8ts, arè requlred to draw 8ttentlDn In our audilorfs report the Tebted diu In th flnandol ¥lalements or,11 such d15closurgs arè Snadequale. to modity our oplnlon. Our are based on the atevJEnc¢ obtslned to the date of our auditorf5 TepDrL However. fulur• •v•nt¥ oreondilv)ns Ihe tr> lo tijn11rn ag)lThJ LyJrrAw Evaluata tha overall prgsentalnn. ruduTe #nd content of lh8 financial StatenIS. Inding the sJisck>suras. and whèih•r lkn fingn¢i81 statew@Trts represenl Ihg underlWTrJ 8nd 8V n ? mannerthot acWes lair pros¥nUVn. Wg comnICate with tFwe clwyd vmih roythiY4, other matter5. tho plann911 scopa 8nd nn9 ofth? aalIan0 slgnifi¢ant awJKfindlngs, lrKliKll any svJi¥fiL*I rklklentaes In Intemal control that hJentNy durlng lxsraudll.
Docusign Env¢lJpe ID.. A2D36I77_8D7E4057¢G73sCD IndepBndent Au¢lltoYs' Report to th• Members Of Church Exl•n¥ion A550cknllon OncorpoTatod) Explanallon as to what •xt•nt the audlt was eonsldw•d eapabkn ol d•loctlng IrMgulaTlll•, Includlng fmud IrU[an11¢s, 5ncluding fraud, are instances of rK>nwtsan with lathE and regulationg. We design proceduTe8 In Mnè with our r8spon¥ibilille5, Outlined atove. lo delect mateyial rnlsstatèmgnts in respect of Irwularflips. includlNJ fla1. Tha extent io whlch prot%dur88 arè e4pabl8 ofd8tti¢ling wrewlarthes, incwlng fraud is detsllad below. The obledvas olour audit In re8pect offraJ. are.. k aThl a88e5Sthe rlsks ofmat¢rial mlsslaltrment of th8 fln8nrlal 5talem8n18 due to fraud.. to obtain $uffidont apprwats art owden¢x regarding Iha a8668sèd risks of malarial Mlsslatemenl due to IratJ, through designiro 8nd NnpleMen1l 8pproprJats responses tothose asse5$8d rS$ks: and to sPond apwowiately lo inslanc8$ 01 frau(J or68p6cIed fraud identified during the audll. However the imary responsibility for Ihg provant and dg18dion offrawl Te6lswilh m#nfra8rnenl and Ih4M charged with JV8rnance of lh& thathy. Our OPPToaGh was follows: • We obtalned an undgrstaTh11ny oflh¢ legal and regL4altyy requir•monts appltEbte k) Ihe Charlty and ¢on$ldgred thal Ihe most 8lgnMc8nl 8Te tha Cornp8n1 Act 2011, the Chbl8 Atl 2011, UKllnand81 reportln9 8lar#Jard8 aB188ued by thè Fin•n¢4al Reportiw Coun¢ll an¢J UK iaxauon leglslatkjn. • W¢ 058¢88ed lh• Mk ot mgleriol misslat•ment ol the th8neJ81 statements. Inclvdlng thB rbk of maierlal rni58lalemont duo lo fraud and how it rn11 occur. by h(Idlng dIscus8nI mana9ament an¢J IIYJse ch#fygd vAth 9Dvèrnanc8. • We hqulred ofmgrogemont arnj those charged wjlh govna 85 to any Irwthnc•6 ofn(Trcompllonco or Suspt•d noTr¢ompllan¢• wllh18w8 arKJ r3& • Based on this und•rnt8ndlTrJ, wg d981gn8d 8pecifi¢ aFwprlato pr(edu$ to hYBntlfy In8lancg8 ol non- ¢omp51ance wllh18ws 8rKI ouuknlSon$. Thi8 Ineluded maklftg enoulflg8 of mwwg•ment andlPrte cr9ed with governance and obtainlng adalJcfflal corroborg1i 85 Thow arg inhernt limitatlons In thD audlt prf8r•S dascrtttt o1kn. We 108$ Ilkety lo b8¢omo gwara of Inslgncas of nonwcomplianco wilh laws regulatwjns Ihal 8r8 nol cjosety related to •vonls and tranyactlong réflacied In theflnancial statements. Ajeo, the Ilsk of t dètedlrMJ a rnateI m58slatemant dvF) to fraud18 hlgherlh•n the rlgk of not fjelecllng ong re8uNlng from gffor, 89 fra1 may Invoh )ber cui¢ ty, forexamF4e. forg8ryor Intentlonal mlsrèpr¢senttlons. thrOUgh ¢0lluslon. U¥• ofourr•port Thls rop)ri Is mad8 ¥olety 10 th8 charf tr11889. as a bjdy. In &cran¢ wllh Chapier 3 of Pgrt 8 ChoNVe8 2011. Our ouditwork has bgen und•rt8k•n $0 trat wè might 81818 lo th8 charity'g Iruslaos th matier8 W• 4 requir to st81è to Ihom in an £udilc¢8 raport and ts no Oth8r purpoB•. TO1 fullestoxtont pèrmitted by law, wè do not acc8Pt or ossume r8spondbllity lo any Ferty ottw than thrltyand chaiiV$ trustses 88 8 bEy. for our 8udil work, lor IfL8 report orfrK the oplnlon * love fwmed. SNdbr. Mx . S_"4L LLI drew Slickland (S•nlor StatsrtoryAudllort fcr and on Lphaff of Moor& KInts)n Smllh LLP. StatutoryA1knr 6th Floor 9 Apptskl Str4 London EC2A 2AP
Church Extension Assodation (Incorpordted) Statsment of financial Actviities for the year ended 31 0¢ber 2025 mMIry Gul¢h's Fun TWI T•t•l Furyl Fw fvnd5 2025 fur$ 1024 lfi¢•mvfvom.' Aicommodatlandon¥k> Donatlorys 71683 16339 73,683 2•,65Y 60,J70 IL DotIMfrom0¥1ea1 B4,470 Char4tDbleJctfvltles Royaltles & Energy. Interest 5hteMe?mlr4andp•NIoM DlvldEnds ,a27 IA65 71,625 110,404 266,SdS .421 loy 137,161 297.1 3,969 Jouii Imurènce dalm TOt411nrn• 614161 Exp•nthw•on: char*bre4clt 610.756 IM.196 179 8J7,k 967AXI Tot•l•hp•ndltur• OX750 179 437.ljl 967AII N•t [n$/11MIl0n IrbVQ5trnonts 18141 12,130) IM161 LQIU33 N•ikn¢am•llw•RdMuv•l 1.739 738JgJ 174,4591 4S9 N•tTrwThJniinlur 947JGI 1.739 Balanco brou8htlrd3t I No¥emberlQ24 12 4.313 53,652 144294 15,161676 14,724,IWJ OEtobiv2025 12 S4 YJ 16.447J14 15A61676 All arntsunts rokte to coi)tlntsin8 actfvRks. All reco¥nlsed 8alnsand lows lTrthe rrent ar%1 prlary•arare Incltyjed st•temeniofflntnthl io
Church Extenslon Assoclatlon (Incorporated) Balance sheet as at 31 October 2025 2025 2025 2024 FIMed assèts Tangible a55eis Investmènts 6,412,868 9.959.595 16.372,463 6,519.840 8,961,734 15,481,574 Current assets Debtors Cash at bank and in hand io 60.354 78.696 139,050 23,148 45,017 68,165 Credltors: amounts fallln8 due vilthln one year ij 164,1291 187.0631 N•t curr•ni asset$llUabllltlesl 74,921 118,8981 Total assets less rrent Ilab511tSes 16,447,384 15,462,676 Net •ss•ts 16.447.384 15.462.676 Funds Unrestrlcted funds General lund Oeslgnated funds 16,207,785 15,260,417 16,245.125 16.207,785 15,160.417 Restrfctsd funds 239,YJ9 202,259 Total lunds 12 16A47.384 15 462 676 Approved and authorised for Issue on behalf of ihe Executfve Boty on 2D26 Slgned on behalf of thè Executlve Body of the Church EXtenSn Assockitlon Ilncorporated I by: A Taylor Chlef Officer C M Heybourn Member of the Executfvè Bodv Re8lstered Company Number- (t(132430 The notes on pa8es 14 to 25 form part of these finanoal statemen li
Church Extenslon Assodatlon Ilncorporatedl ststement of C45h Flows lor the year ended 31 Ortober 2025 Cash ynewatedfromopqratlrv4acth4 Net cash provided byoperatingactivities 126SX71 1253,8021 Cash flows frlxn In¥estkn¥athttk5 Inv?5tment Income Proceedsfromthesale of prwerty, ltad equ1wrt Pu¢cha5e of fixed assets Procetd5 from the sale of uwestfflents Purchase oflnve5tments Movement on cash held in investment portfojio Plet ¢ash provlded byllusedlnl In¥sttniarttr¥lt 302.$61 337.619 116,9921 797162 1810,2151 21,360 299.576 1482611 251.B69 1494,2431 147,547 194,531 cashtho from 1knandng•rtRbe1 Repayments of borrowinR N•t ¢•¥h pro¥Wqd by11u1nl1¥n1l•euvlll1J Changtln cush eqtholentyinthtr•pthperfod 33.679 159,2711 C•sh ond c•sh equhMl¢ntsotthe bqknntswolth• rportlry perftyj 45,017 104,288 C•ih ind ¥h•quI¥l1•nts tth¢Mdolt reportlw p•rknd N•t Incom•ll•wnthur•l l•rth• r*portlw p•rlodlw pwth•sMt•m olfbnancl•l adfvkle51 984.7C4 731,ZBS Adluslm•ntsl•r: Oepredètlon chaiies IGa}nsloi$e$o lavestments Investment Income IProfft1110550n sale clfixed a$5et5 Iln¢reas•VdÈtrqas• In dèbtors Inereaselldecreasel in creditors Net tash provlded tsyllus•d Inl operntr¥attF4111t¥ 118,758 IID)6.8681 130156 122,499 IlJ)18.833 1337.619 137.2061 122.9341 1265.8971 2Z5.72 15,638 1253.8021 12
Church Extenslon Assoclatlon (Incorporated} Notes forming part of the financial sLitsments {continued) for the year ended 31 Ortober 2025 5totUs oJcompt¥nv Thè Church Extension Assodatlon Iln¢orpoTatedl WAS itKorpwated Companies Act 186210 IW and Is a company Ilmited by guarantee. not havSnRa share capital. The IlaLllity of its members Is Ilmf(ed to £1 per member. Its reglstered addTe$51s St Mlchael'5 Convent. Vlcarage Way, Gefrards Cr055, BuckirKiham5hir¢ SL9 8AT. The flnancial staternents have been prepared In ac¢oidarKe wlththe FlnarKial Reportlr4 Standard appll¢able In the UK and Republlc of Ire13nd IFRS 1021. Thecharitable company is a publlc benefit entltylorthe purposesol FRS 102 and a reg15tered charity established as a company limited by guaranteear¥J tlrefore has also prepared its financial statement5 in accordance with the Statemerst of Recornmended Prattice applicable to Charit preparin8 their accounts In accorda¢ with ihe Firtantial ReportlnB Standard applicable in the UK and Republic ol Ireland IThe FR$ 102 Charitles SORPlihe CompanlesAtt 2006 and Charitles Act 2011. The flnanclal statements are prepared ITr sterlln& whlch 1StlunC110naI£urrerYol the CrIty. Mortetsry amounts Sn these flnanclal statements are rounded to the nea1 pound. The prln¢lpal atcountlnq pollclesadopted In the preparatton of the flnandal ststements set out below. Golng Concern Bosls The trustee5 have a5ses5ed whether the use of the80ing concein ba5151s approprSate and have consldered P05$1ble events or condltlon5 that mlghl £a5t 5igniflcant doubt on theabllSty of the chaTityto contlnut as a 8oln8 concern. Thetrustees have made thls assessment for a perlod of ai least oneyear from the ¢Jate ot approval of theflnanclal statements and In partkular have Consldered the charltvs fofKasts and proltctlon5 and hwe taken account of pieuure5 on donat5on and Investment Income and txpendlture from the current economic challenge. The trustee5 have concluded that the Is a reasonable expectatlon that the charitable enllty has adequate resources to Continue In operational exlstence for the foreseeablè futu. The charltable compary therefore conilnues io adopt theqoln8¢oncern basis ln weparin8 its firWla1 staiemènts. Income The charlty, In comrnon wlth many othets, derfves a wopthlon of 5ts IrKorne from voluntarydonatlon5whlEh can only be recorded on recelpt. Donatlons therefo Included in thèa¢ntson the basls of osh re¢dved, èxcopt as follows.. when donors speclfy thal donatK)ns. aThd grant$8Nen tothe ¢harlty must be used in future accountln8 perfods, the in¢om15 deferred until those periods,. ar when donors ImpD5e condltlonswNch havetL) befulfilled beforethe ¢harfty become5 entltledto use such Income, the Incorne is dèfeTred and not IrKluded In Incomirq rewurces uniilthe pre-c(ffidrtlons for usè have been met. All other Incomln8 resources, Includl legles, are reco8nlseil In thefmancial year In whichthe charfty becomes entitled to the Income, Ihe amount can be rneasured reliabty and recelpt Is pri)babk. 13
thurch Extension Assoclatlon Ilncorporatedl Notes frnIng partofthe finanoal statements Icontlnuedl forthe year Ènded 31 October 2025 A¢¢ountln8 pol¢l•s l¢ontknuedl ExpenL4iturÈ (rndirrecovefttlAe VAT Fxpendlture fjs retQ8fbised oncethere isa legal OrtortrUcte ob1v1n totrartheronomk beTrEfftto8 third party. It 15 probabk that a tralferOf eco))ornic benefftswlll be requlred in settkmentand the arTh)unt of the OblallOtan bp mpa5ured reliably. Irre¢erable VAT ischaryed a5 a coll a4alrtsi rtfoTwhh1he eXpelWaS Inturrqd. Ch•rftab actlyseS romprtse5thedlrect ¢05ts. stsff costsafvjlyrnheads, IncWin8wVereoSts of carrylngoutthe tharity's oblettiV25. Governoe tost$ Includes the¢ostsofComr41aeW1IhtUl1Isl1lul reqremeNts. Expendlture on ra15in8 lunds tLxnprkethe dlrerttosts rdatIt0Ia1sty1UThds. OeP[l1tkn tlepretlatlon15 pro¥hJed itywrlteolf the£. Iws E5tlmaied reslthl wlue5. Df allfthedwtt5, exceptfreehold L4nd, overthdr eipected useful INes. k15 cakulaied •tthefolrylwrates.- Fwnlture and ¢qulprnent Computers har¢lwarelsoftw•ie Motorvehlcles Freehold land Freehold bulldln 33%5trai8htli 25% reduC1bala 2% straw linp 2% stral8ht Ilne 5%strnleht11 Freehold bull(In8s- Refuth5hment Freehold bullL¥n6s- Imwo¥•fixr Investments In¥•stsrentsarestattd at theMarkete prew74ln8at the bnce sletdate. The matsVal0fqUOted serurltle5 Is bI5ed on the bid pri90t•t1on. Any realised•nd unrealL%ed4ains Ind fo55•5 re4aluation are taken to the ststernent af FInancl Actfvllle> Cush ondcosh eq¥fv¢lents Cashand cash equIvaDtslndUde ¢•sh * banksand Irb hand I$111 t•m deKKxlts maturltydète dihr months orless. Finvn¢iullnslniments Debtols and ¢redltor5 recelvablear payat4e wlthln 0year011rtdea1e carrfed at t1r ai transathon Employee benellt The cost ofshort term ernp1tye teneffts are ret¢•thd is a Ilablrtyar¥fft exper The cost of any unusvd holldayentkkment Is rtyro8rth5ed knihe period knwhlchthe emplo,$ 5¢r¥ke5are recew. Penshns Contributknrfj to Com$deNnedCDnlri1yTrsthErneare dw8ed iotlSOFA intheywwhich tlyljeccqne payable. 14
Churth Extenslon Associatlon (Incorporated) Notes forming part of the financial statements Icontinued) for the year ended 31 October 2025 Accounling pollcles {conilnuedJ Fundotcountlng Fund5 held by the charity are etther.. unreslricted general funds- these are fund5 whlch tarh be used In accordance wlih the charflable objects al the discretlon of the trustees,. deslgnated funds- these are fund5 set asldè bythe trustees out of unrestrfrted general funds for speclflc future purposes or projects.. or restrirted funds- these are fundsthat can onty be used for partlcular restrlcted purposes wlthln the obleds of the charity. Restrlctlons arise when specified by the donor orwhen funds are ralsed for partlcular re5tritted Purposes. Each year a transfer of funds is recognlsed to move a desl8nated amount for the branches and the Solomon Island5 from unrestrlrted funds to desl8nated funds. Furtherexplanatlon of the nature and purpose of ea¢h fund Is Included In the notes to the financlal ststements. Crltlct71occountAnq estlmotes ¢ynd greos ofjudgernent In preparlng financial statement5 It Ss necessary to rnake certain jud8ements. estimates and assumptlonsthat affect the amounts recognlsed In the financial statements. The followlng judgements and estlrnates are consldered by the Trustees to have the most slgnillcant effect on amosjnts recogni5ed in ihe financlal statement5: The annual depreclatlon ¢haT8e for property. plant and equlpment 55 sensltfveto change In useful economlc Ilfe and resldual values of assets. 7hese are reassessed annually. 15
Churth Extenslon Associatlon (Incorporated) Notes formlng part of the financial statements (continued) for the year ended 31 Ortober 2025 2. Charltable artlvitle5 Genwal Fund Brlstol Relief Fund Rellef Fund (Restrktedl Total 20Z5 Total 2024 lftestrlcted) Bank charges and Interest 8ooks Chapel and chaplalncy Councll tax. water, and Insurance 37 71 95 212 212 IAoo 991 707 102 4.135 31.537 118.758 7.326 17.749 11,917 727 34,258 31,935 118.758 122,499 9.n6 9.529 17,749 9,974 14.770 13WI DtpreclatSon Donatlons and gifts Donatlons-5olomon l$lands Education and trainlng Furnlture and equipment renewalslreplacements General 1.404 996 2,832 21 2,743 2,011 20,746 49.310 247 2,441 3.268 8N52 2.011 20,746 69.309 247 8012 2,537 19,003 73.315 Governance Housekeeplng and household Llbrary Loss on sale of ass Mlnlstry Natlonal Insurance. Slsters Newsletter P05ta8e, statlonery, computln and $ubKriptlons 6.994 206 506 163,017 239N70 1605) IAIS IA02 1,161 1,269 1,866 IA02 62.179 12.4711 10,943 863 2.207 14,013 13,160 Profe5s1onal and admln15tratlon fees 67,5SI 29.296 117,160 16.X 67.551 49.168 43.617 130.303 130,862 84.914 16.306 47 Repalrs and mairfenance Salarles and wages Sisters tare costs 2.228 13,702 I2.13 Slsters personal tts5t5 Telephone Travel, motor expenses and vehicle InsuraneÈ Utllitles 20.241 2.748 999 14.%16 37A95 44,044 5,937 4259 19.391 22.741 2.64Z 24,436 23,731 34.785 31465 3.061 576,289 144.196 54,467 62.179 837,131 967 411 16
urch Extenslon Assodatlon (Incorporated) Notes formlng part of the financlal 5tstement5 (contlnuedl for the year ended 31 Ortober 2025 Governance costs 8ran¢h Totsl 2025 Totsl 2024 Fund Audlt and accountanty char 20,746 20,746 19,W3 20.746 20.746 19,003 5wplu5 of Sncome oveT expendltureforthe year 2025 2024 Thls Is stated after charglng the followln8: Depreclatlon Auditors, remuneratlon. aud setylces 118,758 20,746 122,499 19,th)3 139,504 141,502 stsff ¢osts and tStee remuneratlon 2025 2024 Wages Soclal securlty costs en5ion conlrlbutlons 116,186 12.694 1,982 130,839 6.359 1.788 130,862 13B,986 No employee received remuneratlon amountlng lo more than É60,(Wln eithw year. The dlrectors and trustees were not pald ¢x rambursed for expenses durlng eitheryear. Key Monaqement Personnel Key mana8ement personnel inrludt theTrustees and the Bursar. The total empjoyee btneffts ofthe tharit5 key mana8ement personnel were £nil12024.- £nlll. 17
Church Exten51on Assoclation (Incorporated) Notes forming part ot the financial ststements {continued) for the year ended 31 October 2015 Employees 2025 PJumbBr 2014 Number The avÈrage numbèr of employees during theyearwas as follows: Domestlc asslstants AdmSnistratk)n Tan8lble Ilx•d assets Freehold land•nd bulld1+ hld•s {we nots 81 Fwnltura And Equlpm•nt Total At I NDvember 2024 Addltlons DIsp05a15 Tra[fer5 85,335 16,992 19.1801 7,217.702 144,814 7,447.851 16,992 19,1891 At 31 ottobtr 2025 93.147 7.217.702 144M 7,455,663 A¢cumulute¢lDepreclotlon At l November 2024 Charge forthe year Dlsposals 46.402 9.795 13.9741 755.591 1071 126,018 79 928.011 118,758 13,9741 At 31 ottober 2025 52223 862.675 127,897 Im,795 Ilet book ¥olue At 31 Ortob•i 2025 40.924 6,355.027 16.917 6.412,868 Al 31 Octob•r2024 38.933 6A6IIII 18,796 6.519.840
Church Extension Association (Incorporated) Notes formlng part of the flnancial statements (continued) for the year ended 31 October 2025 Freehold land and buildln85 Accumulated depreciat•on Net book ¥alu• St Gabrlel's, Clevethn St Gabriel'5, Clevedon Garden House, Gerrards Cross Maln House, Gerrards Cross Maln House, Gerrards Cr055 Land Buildin85 Buildin8$ Land 6,265 6,265 180,397 2,175,0 2.175,C 6,265 6,265 32,472 147,925 2,175,000 1,827,000 BulldlnBs Bulldln8 refurbishmet)t 348,000 Main House, Gerrards Cross 2,458.8C 389.929 2,068,871 Bulldin8 Improvements Maln House, GeNards Cross 215,97S 129,966 7.217.702 861675 6,355.027 19
Church ExtÈnsloTr As50clatlon IITKorporatedl Nots5 fomilng part of the financial statèments l£OntIndI forthe yearended 31 Ortober2(125 Investments Stapley Mrs Mary Bequest Gutch's Fund Fund Total Quotedseturittes ot ¥olwtkn At l November 8.693J45 51J59 142,tsJ 7,626.086 Add0$ 015POS Reallsed 8alnlllossl Unre•ld110ssVialn 810,215 (797.8621 10.561 999.351 810.215 179?0621 10.561 494,Z44 1251,869 11,511 L007,322 18141 iu At 31 Ortobef 9.n5.610 5LQ45 139WJ 9..515 8,887.294 Qpitalon deposit 53.090 74,440 9.768.690 SL015 139.860 9P59.595 &961,734 H15torkolcost Investments Copllalon deposlt 7,925.111 53m) 46.705 127,966 8.099.782 53.080 7,857.578 7A,440 191 62 All Invqstments•r• Ilsted on t UKStot El¢. There art no Investment5held by theChJrch ExtenthDAMothlknllnc0ratld}5th * ryr*et In exeess¢fS% of thetotal portlo110 marketvahje 45 at 31 O¢rober 2025.
Church Extenslon Assoclatlon Ilncorporated) Notes forming part of the financial statements Icontinuedl for the year ended 31 October 2025 io Debtors 2025 Other debtors Prepayrnent5 Attrued income 270 9,230 50.854 60,354 145 11,488 11,515 23.148 All amounts shown underdebtors fall dut for payment withln one year. li Crqdltorj: •mountsfallln8 th•wlthSn 4)n• y•ar 2025 2024 Othei cred5tors Accruals and deferred IrKomÈ 39,142 24,987 64.129 39,167 47,896 87,063 21
Chur¢h Extenslon Association {Incorporatedl Notes forming part of the financial statements (continued) for the ye¥ ended 31 OctobeT2025 12 Funds Forthe yeorended31 Ortober2025 ••lJn¢e I General Fund 15.2W17 6416n 174,4591 IA207.785 De$ted Fund5'. RellefFund li.no 162.1 5Q459 Restrided Funds.. 8r15t¢4 4J13 155.163 1144,1961 24,CO) 39,lUO 54.286 146P33 SlupkyBeque51 Mr5 maryG(h'$ Charllv 14,294 1113Q) Total 15,161676 8149n 1837,131) 16.447,384 For the yeorended31 October2024 Ji O¢tob•r G•wal Fund 11,482047 547,620 9Y9555 188.68SI 15260A17 DI51Vld Funth.. Roll•f Fun 14.427 (64.114 At5111¢ied Funth.. Br15 49,r>xi 4.313 RelfFnd si•pk¥Be4uesi Mr5 MGl£h,5 Chaimy I8.) 47.967 131,127 IA74 S,l55 14.123 S3.652 144294 14.9311 4n4393 1967.411 l)J18.833 15A62,676 Slopley8ewost On 1210711961 thE charftabTe ¢offlpwry rerewthe benefitolthE•sselWTr1Irtand undert•kinB of the Staty4¢est an unln¢iYptsrated chorllyof Sameffla. OThthes•mÈdate Ihe(WtaE4ecornpanybetamethÈsdeirnMeÈof thÈ unlwrpor•tedthartty whlth hnowa Ilnkid ¢harhyundeT Ch¥ityComm¢ssl)n reqL4ior&Tr unlrryed¢harltyccmtlnves hdd bank aKoumsandlnvEstment a$s•t% hthlforthe b•litoft&echarbt4e ¢wrtwty.ThpfundbhddtOlThdeas%bt•Kel¢eldErtyladlesoflwnited means rtlYsMqry GutcA sctsrity on 1210711%1 theCrIt?b¢trThpanv re¢eKYrft benefttcfthexd%llatAnuÈsaTrJ undert•klnB ofthe Mrs. Mary6utchscharlty. Be4uE5tof Eu8¢D Hdt and Bequ¢st tCC4R1 Mallam anlnowate¢tharitydthEsamo na. Onthe 53mÈdateihE ch4rltatAecompany bÈacme the501etrusiee oFtFe unkorpoiatgdcharltywtiich15 noY4 3 HnkedthtyUnd Ch¥vityComrthknr4u1atlons. The UnlO[porated[hdrI1yCon1Ie5hDl bank aLCOdrfsand &?5111$ets.heId1ortheknefrtOrf Lhecharftswtmmpxty. ThEfund Isheldto prLWde a551StanLeftsr$•d51Trd1Stre5Sed0trdicMStX Thls Fundls restrfct£dt4) M1tstryandudatto$tsthE Brtstol AfAtse. The Slap9@{11e5t PAaryGuith¥o¥rltyFLhidaTh1 FwdlMbots rda551fiedas rosirktedfvnds.The prforyearhasOÈen restated acroydlwly.
Chur(h Exlen5ion A%socI10 {IrwrporatedJ Notes fomiing part of the financlal ststemerrts Itontlnuedl forthe yearended 31 OrtobÈr202S li Funds Itontinuedl RthJ/und Yhlsknd Isfr¥theStsterfs mln5stry In thtlkbandal relwofthe PC4X. ntr•thfalloflSf+XWLwd thlldren tsmHy51pw)fL Restrktedjuts Ihesefi)ds iieforthe purppse5a5 5tttrtrt1ne 12. Tronsfetsbetweenlupxls Tr•nsfers belwetnfund$vÈprwThtsfurtranStq1Teo fvom unrertrfCt•dkndstoc•eftt rffi iestrided vd•sW It4$. 13 AMfy51sofn•t•M•ts Fortheyeorendei131 Ort012015 F$ ottub•¥2125 &412I69 9,959.595 74.971 ¥,M595 116(6ni 16J07.715 39.?90 2ts3.31Y 14447,384 For theyeurended31 Orto&er2024 ortphr1014 6,519 ¥,961,734 118.8981 1%1,734 1121,157) N•lruryeDtxs•ty 4,3 197.946 IS2WQA17 4JiJ l97.946 15,46L676 14 Contlryeht IF•bJl Att%r¢d,Cfth£WOkffiAocb)h¢r1iOd)#A¢11SllaI(thlto111wPrOport5.0 pioporty Llfth tQnantWoretodofaultoTritrort.Ikn drItydbe Wl9r1hff ILYrt¥lpahThcntsouE nd¢r1etrmSOf £1.715pyi ¢4cnd4rrnonih. Thc It•bonedr¥arK1 hèsapeoITrQlkn1Vthr3rO ofiwm 26.On pTh>pErty 2, wcrctodolullvn thotrtQrf, lh¢tha1¥yNyJ tolablcfWUfvI payrf•tsthUththEctcn501E1.y5fj per(fid•rrnuntTr duOtOcxr¢OI0lwril 2Ql& lfftna SK4TermaknstvLffelkn&i th¢Commun¥s r¢nwnces hti rtthitoallltKOm¢aTha a55etstowhlch she btrorn pn#lled. Whltstsmtrs IrfdonEcornffdlfiMtDIPrrnmVfity. In thÈ ÈveThttI a&sterl&i¥estC0ThthUttltytn the WWl4beerytitledto th•r49N$ bwhrwth bwWusafryiwntshelnhwftvJ 14htsh•w•s•rnernberolthECommunrtv. Trds entiuemkntdoesnth ext•nd io¥tyln¢omeorNthrynpni M•Mr01the 0nbnyJnrty.thitheWW1l(4prt4 wmvntwtkn DrIht¢o. Tho of(ap4lW kntothE ctynmwity0rln¢0O Skntt15ts1MawthralthcCoThNnlty.•irfthorefwi ropay6bk in iPovrtthai iSister*¥•U tsEY4m5.
Church Extension Assodation Ilncorporated) Notes forming part of the financial statements Icontlnuedl for the year ended 31 October 2025 Is raxation As a charfty, Church Extenslon Association Ilncorwatedl ts exempt on income 8alns falling wfjthln sectton 466493 of the CorporatK)n Tax act 2010 to the Extent that theyare derNed from charitsbje aaivitie5. 16 Related partytransacttons Therewere no related partytransactlons InthE period under review that reguire disclosure In the llnanclal ststement5. 12024.. None) 24
Clwrth E¥ttn5k>n Awiatlon Ilft¢orpDratedl Note5fomilng part of the financlal statemeTrFts Icontlnuedl hrtheyearend¥d 31 Octob•r2025 Note St4P l¥ Miry Tc441 Fund fynd5 Irrtomlrorn,' A¢cDmrnod•t Dona¥ory Donotbnsffr¢m overs¢4S 60,370 41130 24A27 Chiritab1clitS Royaklesindernryy Sbters eaYnln8sond In¥e5¢ment Income Pi¢liion sale tsft4ryvo1u•ts T¢t•llncoff iOL365 101,36S 551 110,404 337,619 34,4Z2 fj16.861 551 IN4M 332.33 34J22 $47MO 3175 crf11bh o¢IK4¢S 6N51Q 2C•. 64.112 944 4,931 967.411 Totalxptndty 4,931 167011 9955 14,113 1.018,833 Ntxpwdur• 7JB381 TianilrbttnfUrtd1 IWB51 49m) 39ts 12 04lin¢•&l•htfOTrWlrd •¢ i li 14.482.447 62.852 47.967 131,127 14,724,393 (lirterward*al Ocithv2024 J2 144194 15A6I676