Report and Financial Statements For the year ended 31 December 2025 Church Society (A company limited by guarantee) Company No 213142 Charity R•glstratlon No 249574
Church Society Financial statements for the year ended 31 December 2025 Contents Trustees, and dlrectors, report Indendent auditor's rnport Statsment of flnanclal advltles 10 Income and expendllur• accounl 11 Balan¢• sh¢èt 12 Not08 to the financlal stat•ments 13-25
Church Society Financial statements for the year ended 31 December 2025 Council members The Revd N Alkin50n The Revd P T Darlington (until 23 March 2025 The Revd M Hayden The Revd Dr J Hughe5 The Revd E J G Keene Thè Revd C R H Kilgour The Revd Dr R S Munro The Revd C Pie Mrs A Robbie The Revd S Short The Revd A P J Towner The Revd Dr J D Ward {Chaimian} Director Revd Dr Lee Gatiss Charity number 249574 Company number 213142 Registered office Hille Business Estste 132 Sl Albans Road Walford W024 4AE Auditors Xeinadin Audit Limited 5 Robin Hood Lane Sutton Surrey SM1 2SW Principal address Hille Business Estate 132 St Ajbans Road Wattord WD24 4AE Bankers The Royal Bank of Scoiland plc London Fleet Street Branch 1 Fleet Street London EC4Y 1BO Barclays Bank plc 62164 High Street Watfor WD17 28T Solicitors Ethvard CcMnor Solicit(Ys 10 The Point Market Harl)orough LE167QU
Church Society Trustees. and directors. report For the year ended 31 December 2025 The directors present their report and the finanoal staternent5 for the year ended 31 DeTrmber 2025 which are also ppare¢l to meet the requiremenls for a dire¢lots' [1 and a¢Th lot Companies Ad purpo. Charlty's objectives Church Society is a r8gist8r8d carty. Its objectwes are set in th8 Company s goveming docum8nt, the Memorandurn of Association. The charity rA)n5titutes a lirnited comp3ny, limited by guarantee. 8s defined by the Comp8nh8s Act 2006. The overall purpose of the Souety 15 to rnainlain ¢he characler ofthe Church of England as a reforrned and natnal Church witn85sing lo and seeking to serv8 Ihe 8n're nats'on for Ihe benefit of all. In particular by,. upholding the suprernacy. sufficiency atKJ aUtty of Scripture.. equipping and encouraging parothial dergy and lay kwple in Iheir minisiries-. supporting local churches., administering and h¢)Idin9 funds and properts.es wlh It1 and national benefib,. contending lor Ihe ref0m1 worship and dfxtrine ol the 39 Arbdes aThJ 8cM)k of Common Prayer.. unlling all who share these pnno e$". promoting friendship wilh all churches which aApt Ihe supreme athty of God's word written.. OPPDsing all pra¢tsc8s which are contrary lo fOrnl doctrine,. taking all manner of action, induding legal and political, to pursue these objecty'ves. Chur0 Sori¢ty is workiry towards lh9 through wlishing. parish suppryt, rarnpaigning an¢J admini¥1gring trusts. Wh8r8ver w5sible thi5 is don8 in consultation and cwralion wilh oth8r groups and organi5ations. In carrying tsut adivities the directots confirm thai thèy have had dua regard 10 Ih8guidanca issuad by the Charity Commission ralating to public bonelil and belie that Church Sctièly providès bènafii 10 Ihe wblic in a variaty of ways. Th8so ar• dascriba In the secbons under activities and achievements and under managed futKIs. Through its allied company, Churth ScKiety Trvsl, Ihe &&iety is invdved in the patron8ge work of the Church of EnGland. The Trust is responsiNe for 132 Livings. many of whKh a on a shared tsa$. Churol Society manages 8 number ol fin8nci81 trus¢s wilh vai)us obiectiVe5 induding.. supporting Ihe Iralning and educaiKJn of orylinaryls and denJy', Christk4n work in v8ri0us parishes e* kjcatths subieei to e8ri8in hIllOnS Through other trusts the Sooely owns various properties on behall ol othèrs, in pathcular 2 Propriètary Chapels lone in Germany) and sn Indep8ndenl Evangelical Church. li acts as h(Ading Irusi88s and appoints som8 01 th8 trust88s for one Churth. on8 Hall and 8 Sc01. A lurth8r Irust supports (#1)mod8110n for st4ff. Structur•, govoman¢•, •nd manag•m•nt The key managemenl personnel of the Society are Ihe Cwnc4 lthe Trus¢eesl, The Oirector Revd Dr Lee Gatiss and the Assoriale Oire¢tor Dr Ros Clarke. They are in charge of directing and operating the Charity on a day to day basis. The Council consists of up to 15 peOe elected annually by the rnernrS of the Society. Up to 5 addilional Council rnembers can be c<0Pted as requir8d. New truste8s are provK18d wilh guidants on their re5p0n5ibi1i'eS. The tru5188s give of their lirne freely and did not receive any remunerats'on in the year. Detai15 of related party transactions are disclo58d in Note 7 to the finanoal 51alem8nis. The pay of slaff is r8Vi8w8d annually and norrnally increased in accordance wilh average ealnings. though the Direclors stipend is pegged to that of an incumbent in the Diocese of Sl Alban5. The Church Society will continue lo benthrnark Staff benefits against staff performing Sitnilar roles in similar charities. The Global Anglican Editorial Board and Church S>iety Trust Diredors operate largety as ))mmiltees of the Council. In addition. the is a finance commrttee. The Cnl must approve appoinbnents ofchurch Swety Tmst Members and tt)e rnembership of certain other ¢harilaNe trusts. Two full-time and three part-lirne rnembers of staff were employed thrcAJgh(MJl the yearand their work was greatly assisted by a part-tirne volunteer regional director and a patronage director, who is enabled to do this work through the support of hi5 church. Othervolunteer5 a150a5Si5lin rnany areas and theireffortsare much appreaated. The S(Kiety isan association of members who share a comrn wsKJn arml members do mud) of Ihe woth ol the Sooety. Actlvltles and a¢hlevements During the course of 2025. Church &ety contrnued to be wiKanty alwe and acbvety inv¢lved in fulfilling its prirnary tsbjectives of prornoting wvhat the King's Coronation Oaih referretl lo as"¢he true prtsfe$510n of the gtsspel.. the Protestant Reformed ligIOn.. which is the foundation of the Chur¢h of England. as the estsblished ¢hur¢h. This Induded supporhng individuals, parishes, and other organisatK)ns wtrtting along these lines, and in challenging and opposing
Church Society Trustees. and directors. report For the year ended 31 December 2025 teaching and action5 which run counter to this fatth and the gospel of Jesu5. W[hin ihe national churth and society more widely. W8 are a f811ow5hip contending to r810 and r8new Ih8 Church of Eryland in biblic81 faith. We aim to contend in v8ri0US ways with the help of the Lord Jesus through publishing and prayerful Partneh1P. Although we have existed in various forTnS for around 2 years. il was only in 1950 that a rnerger gave u5 Ihe naffle Church Society. and we lebrated that 75th anniversary in variou5 ways thrOug)Ut Ihe year lirudIng th8 release of some themed rnerch8ndi58 such 85 pen5, ug5, mints, and dolhingll. Publishing Publishing and resourryng lakgs many form$ as we seek io equip God's to live G(xl's word. We have a websits at www.churchsOety.0rg and an active sttial rnedia pr8sen(x on Facrtk and X Ifom8rfy Twitt8rl, as well as using platforms such as Soundcloud and YouTube to wblish our rwurcs. W8 putAish a quarterly glossy rn89azine for our members called Crossway18dited by Kirst8n 8irkettl which this y8ar featur8d artid8s by quite 8 nurnb8r of contributors on a rang8 of i5sue5, spiritual, denominational. practirAI. and p851oral. We also produce a quarterfy theolcgiral joumal G9118d The Global Arylican18ditor'. Archbishop Peler Jensen). vthKh lealures an editorial, a range of in-depth artic18s on biblical. theological. historical. and pa51oral topics. as wel as a large number ol bwk review5 (edited by Marc Lloyd). A fe dlgilal dlgest of the best o12024's edltorSals. ar16cles. and reviews was made availablo onllne. Th1$ year our lkng ¢affled posts abwt General Syn¢xl. Ihe Prayers of Love and Faith. various items Celebrating our 75th anniversary, and an artscle on Using Artificial Intellvjence. Our regular podcast 1$ available on various platforms (Spotify. Apple, Soundcloud elcl and in 2025 discusseij a huge range of lopi¢s with a nurnber of 9uest$ and regular presenters, frorn Church of England pdilirA and General Synod. interviews wlh authors about recent books (including severdl with writers of the Hodder Bible Cornrnentari8sI. AngcatholiclSrn and Roman Cath(Aicism. Anglican her08s of the past. the 8nniversary of th8 Council of Nicaea13251. Youth Ministry. th8 occult. th8 dutY8s of church m8fflb8r$hip, tha 8scension. compl•m$nt8rianism and wc¥Mn's minislry (IndjIng mintsiry w•ivo$1. 8ThJ mm. We also added a numb&r ol 1)60$ to our YouTub8 channel. indudivJ many ¥hJ•)$ from our prewlous NORM webinars. We We delighted lo continue our partnership th Ihe Sl Anlholin Charity Lectureship by livestreaming lon Facebook) thls year's le¢lure on John 8unyan and CS Lewls by Gwenlair Ad8m$ of Glydon Conwell The091091 Seminary In 8oston, USA, and Ihen puttlng ts lecture and Ilve ques11¢ tirn¢ on our yTbe ¢h8nnel 8nd webslte. Wa publishèd a nurnbèr of book5 throughcxrt thè ar indudiThJ Wil Yau Noi R•wvè U$ Again?, eontalning rèflèctbns on Psalms 8>85 on tho themo of rèviv81. W¢ 81$0 launched a new series called Scripiure wth the Saints. daily davotion81 material reflecting on Ihe BiLge together with tnJsNvorthy guides Irom church history. such as Martin Luther on Galatians, John Calvin on Genesis and Psalms. and Th)mas Cranmeron the First Bcx)k ol Homilies. As w811 as publishing resourc8S. We also hdp to 8quip Gc¥l's peopl8 to God's word through th8 Pris118 programrne, an online training course for women led by Ros Clarke and Kirsten Birkett in conjunction with Union School of Theology. The course had 18 different StLents, 6 of whom oxieted the course in 2025. Prayerful Partn•rship Church Society describes itsewas a fellowship contenthng to refomi and neW ¢he Church of England in blbllcal farth, and fellowship Is not a lonely pursuit. We are happy to be In gospel partnership with other organisations w01ng in the $8me sorts of 8reas, such as Ihe Church ol England EvangeliGqI Council ICEECI of which Church Society was a founding member. the Evangelical Fellowship In Ihe An91i¢an Communion IEFACI. the Global Angll(an Futu Conference IGAFCONI to which we have senl delegales, The Alianc. and Affinrty. A particularty important partnership for us is that th the Bishop of Ebbsfle8t. who is himsew a vi(x chairman of th8 Church soety Council. During 2025 he hosted a nurnber of regional conferences all over England, arKI our staff travelled many rniles to attend these and to speak at thern las well as SI51[j Church soety resources). In the current dimate in the Church of EwJlaThJ. rt is iweasingly imKx)rtanl ford)urches to be aL)le to deatty identify themselves as faithful lo the Bible. faithful ¢0 histon¢ Anglicanism and the gospel of Chnsl. and orth(*ox on the most pressing issues of thÈ day, Induding matters of gender and sexuality. IdÈntifying as a Church Society Partner Chur¢h is an easy way for churthes to mak8 thal putrAic conwnitment, and to know Ihal th8y are doing so as part of a wd8r
Church Society Trustees. and directors. report For the year ended 31 December 2025 fellowship of churthe5 acr05S the country. Our number of Partner Churches ctinued to grow in 2025 Icurrenuy standing al 381. and they commit lo praying for the Church Swety fellowship and making a financial (Jonation towards the work of Church Society. They will have to a dedicaled se¢b"on of the website packed with resources for ¢hur¢h8s lo use, inserts for their ¢hur¢h nolicè sheels. various resourcos &id diswnts, and can call on the Churth Soci8ty staff for advice and supporL Our Nelwork of Revitalisahon Mini5trie5 INORMI hosted a series of regularwebinars to connect, encour8ge 8nd equip people in thi5 ministry. Revilalisation fflinistry can be challenging and 15daling. but God is Lzlling tnore and more people to éo it. A supportive WhatsApp group also helped reStyJr this group. as wdl as a mentonng scheme overseen by our Regional D1CtOr, Tony Cannon. The annual F811owship of Word & Srit IFWSI conferenr£ in F8brnary wa5 on the theme of Stranger5 in the Worfd, and featur8d Keith Sindair, Neil Robbi8, rSten Birk8tt. Rob Wood. and Bishop Rob Munro. th8 talks from this were published on ourw8bsite and Soundckjud platfomi. 8swerethose from thisy8ar's JuniorAnglican Evang81ic81 Conf&r8nce IJAECI which was on the theTh of LOVE, featuring talk5 from Ros Clarke. Ja%)n Ward, Lee Ga1155, Stev8 Short, Jèrnes Robson, and Bishop Tim warntnya. as well 35 5eminar5 on lowng n8urodivergenl p80ple (Jason Ward). loving people with gender confusion (Julie Maxwelll. loving people wilh disabililies (Kay morgarGUrrl, and loving your cornmunily Isleve Shortl. During 2025 we sent out regular fortnighlty email newsletters to keep in towh wth our lellwship, and advertised clerical vacancies on our website and on social rne(lia as well as a tswklel for churches which are in vacanues and looking for a new vicar. Our faithful pray-ersjoined us on the firsl Thursday of each rnonlh lo pray for the church, the worl¢J, Church Society. and each other. Our daily prayer diary is emailed to rnber$. featured in Crossway. and pushed out lo many through PrayerMal8, FacebLK)k. X. and an online prayer group. and we owe great thank5 to Guy Thorbum for continuing to pul logelh8r an edifying daily refleclioTh on the Bible along with our FYay8r r8que5ts. This is 8 crucial p8rt of our straiogy to rolomi and ronèw tho church-to k¥ap th stsp th• SF¥ril and pray. Unloss tha Lord builds th• housè, th& labourers labour in vain IPsalm 1271. In De¢8mber. we again had a Books For Christmas parlnership with Equipping Pa61$ Wortdwide, through whlch we sent Churth ScKiety resources to pastors and olhers in Ihe majorily Wd. During th$ ar. th8 Director was also busy fostèring partnorships by swkiThJ at NORM w'na. Ihè CEEC rosidonts'81 gath8ring. St Paul's Had18y Wood, Little Hill in Leice51ershir8. Northaw and Cuffl8y. a Co-mission seminar, Christ Church Cambridge, the Ebbsfleot confer¢nees. by Ihe Beach. AJI Saints Easlboume. the At Tha Casue conferance, the Evangelical Fellowship ol Irish Clergy. Si John's 0r. JAEC. Lighlbowne Evangelical Church, the Ctsrnhill Training Course. the ReNew conference. St Peterfs Sowjerton. let(lI 4ffjwlican Church. the Evangelical Theclogical Society, I Saints Fordham, and Christ Church Wharton. The ScKiety also benefits financial land in other ways) from his work as series edrtor of the Hodoer Bible Commentsry IHodderl and the Corn ete Works of John Owen ICrossw8yI. and he represented the Society on various councils such as CEEC. Th8 Alliance, Arrinily, and the Bishop of Ebbsfl88t's Council. Ros Clark8 is also a member of the General Synod and th8 Standing Cornmission ov8rseeing th8 rnaint8nance of the FN8 Guiding Princi85, while Kirsten Birk8tt serves on the Failh atid Order Comtnis5ion. Chil5 Moore. who was our regional directoi until Marth 2025. 15 also on General Synod and is a rnember of the Archbishop5 COU1 Finance Cotnrnittee. Paul Dadington joined the team as Patronage D1ctor during 2025 and also serves on Ihe Evangelical Patr$ consultats.ve Commrttee. So as a staff we a enmeshed and engaged wilh the wider stwclures cl the r¢h in various pOSiVe ways. To continue encouraging sdid sthdarship Irom evarvJelicAls, Church S(M>ety also finaalY supported those studying and writing. The Dean Wa(x Scholarship is degned to be awarded to evangeliG91s within th8 Church of England who are seeking funding for masters and dLKtoral level courses IMPhil. Thm, MTh. Dmin, Pho elcl in theology and lated di5opline5 (church hi5W. biblical coun5elling, etcl. The B15hop RWe Bursary is for rninister5 seekiry fvnding foi 5pecffic writing projeds, sabbatical training prokK)5als. and suth like. as well as (Kdinands seeking an additional year of study below masters level. Church Sooety also makes annual Mary ve Grants towards the cost of women training for non- ordained ministry in the Church of England. A total of £9,150 was awarded to 11 peOe in these ways.
Church Society Trustees. and directors. report For the year ended 31 December 2025 PeOe can partner in our work by praying bith us. donating finan(yalty. and by becovning a tnernber of the society. A church Can join us by becoming a Partner Church. In sud) uncertain and difficult tsmes. il is MO Important than ever to express our gospel partnership with Ihose who are near us and those a far away. We hope that the fellowship that 18 Church Swiety will continue ¢0 equip people io be partof this for many years to wme. We owe a great debl of thanks to all our staff lespeaally Sophie Barter ouf Finance Manager and David Meager our longserling Admini5tratorl, the Counal, the Finance Cornrnittee. the editorial board of The Global Anglic8n. and rnsny other vdunleers who help us in vanous way5 thrghOut the year (through writing in our publications, speaking on our cast and In our conferences. helping wilh tnailiThJs etcl. In this 75th annivetsary year. Church Society is flourishing and continues lo be fruithJl for the 910ry ol God and the gwd of England. To God be the glory. great things he has donel Financial Review Th8 assets und8r the control of the ScKi8ty 1811 inlo broad Catego.. Ihose used direcly in fwlrtats'rwj the work of the Soci8ly itself, end those that are administered by th8 Sc#i8ty forth8 tn8fft of others Im8nag8d fvnd$l. There are thr88 funds which rel318 dir8clly to the Soci8Vs own work. The General fvnd. which is unrestricted and the General Endowment Fund and Dean Wace Mernoiial EndoThenl Fund. Within unrestricted income, donations. charilable "¥ll1eS and fees and other income deueased in the year. whilst there was a slight increase in legaues. This is partty due lo some highlights in 2024 such as il was our most successful year of publishing this century so far in temis of sales. Expenditure increased by 9°h. to £273,462 parfy due to inflalion8ry costs. Including a renewing ol the office lease and its assooaied costs. There was a k)ss on Investments of £11.057, compared to lasi year's nel gain of £11,299 lo a lUUlent year for Ihe CCLA investments. This r&sull¥d in an overall net loss of £71,481. After8 Similar level of gross transfers beh¥een funds 8$ noted in 2024, the 9eneral fvnd had a net loss movgment of fund$ of £24.674. The y88r 2025 h85 b8en a rnix8d rnark81 for inve51rnents. which has shown the benefits of Church Society's diversified investmant strategy. The Ruffer fund has had a wsilive yèar compared to pnor ars. wheraas nK)sl ol tha CCLA funds have suffered losses. In regards lo propert$. the fials have laced a declining market. impacting their valuation, whereas the hou58s h8V8 had Significant gains. one of which was a posI've valuation lor th8 fixed a5sels for charity 5 own use of £97.789. As a result, thero has bn an ovorall nei bss on in$1mnts of t19.807. Rèstrielad funds had a nat g8in of £1S.530 on investrnenls whèreas thè endowment lunds noted a loss of £24.280. At 31 Decernber 2025 the totsl reserves under th8 ccffitrd ofthe drity were £3,$97,115. Of these reserves, £1,934,4e7 are held as endowment fund$ and £1,176.707 as reslricted funds and are thef not available for the gener81 purposes of the charity. £3,480,467 of the total reserves are held in langitAe fixed assets or fixed asset investrnents. The rernalning gèneral r838rves of £485,941 are within th8 Sta18d F<4ity of suffia8nt re58rve5 10 cover op8ralJns for thr88 years ahead. Managed Funds Most of the managed lunds are sub5idkqry charities lor which Ihe Council acts as Trustees. In 88ch case 8 trust deed or sch8ffle set5 the param8ters within which Ihe fund is to b8 used. A brief descrip.On of 8ach can be found on page 21 of the accounts. Several funds con5151 solety ol freehold properties induding thurches. hou59s or ha115. Because many of these a long-standing funds, issues have from time 10 lime arisen in latiOn thereto as lo their proper application and the Sodety has been undertaking a gradval programme ofanThJ the preose nature of each trust. The Counal has no authority lo expend pemianentendowmentfunds butis underan obligation to make attempts lo expend the Income from those trusts. Thefore. the endowment serveS a invested. Whe appropnale. in order to provide income to fulfil Ihe levant funds, purposes. The Investment [t[clI0 is regularly reviewed by the Finance Committee. Otherfund$ contsin catal that the Counul ¢an spend Shou Ihey so ¢hoose. In nwt oases the decision has been made not lo spend capital unless there is a pressing reason io do so. Wherever Qgpiial is spent the Council must act within the t8rrn5 of the Trust. In many in5tanc8s Ihe tN5tS W8r8 8Stabli5hed with very d8ar t8rrns as to how th8y should be used. The Council 15 very aware of Ihe need to honour this ITh rnaking grants or payments today. The 5arne prinopals are used for the incorne frorn the fund5. Where the Restncted Funds have a signfficant levd of assets these tnay be invested to provide income lo be applied in increagng tssh ServeS for fulure use atKI tssh ServeS that are arlively use¢1 each year in line wrth the relevant funds, purposes. Where the assets of a restricted IUFKJ are le5S 5ignthcant these are rnonrtored unless and until the cash serveS are 5uffi¢ienr ts make the applicati thereof feasible. The administration of these funds can be a 99nth¢ant burden. in partiwlarvthere the trustdeed has thedogical $trICtiOns. which have to be assessed. and where properties are irwofved. A list of the grants made from funds can be found on page 15 In line wilh comrnon practice the Stti8ty charges an adMinistra'on fee againsl managed funds which 15 th8 18ss8r of 1.5% on Ihe balanc8 of inve5t8d funds al Ihe 51art of th8 year or of Ihe in(x)m8 of th8 lu.
Church Society Trustees. and directors. report For the year ended 31 December 2025 The FinaTr Comrnittee continued to rn110¥ the investtnent 51tuatic during the course of the year. with fund5 inve51ed mainly with Ruffer LLP and CCLA Investment Management knmited. The Finan Committee keeps under review the balance between such Investments and inve$lment in pror*rty. sethng at all b.me lo maintain a proper balance. Financial decisions ar8 the responsibility of the Cwnril but the Finance C(mmittee. whth indudesexperiencg in a range offinancial areas, advises them in this. Statement on risks The trustees confirrn that they have given eonsideration tothe major risks lol¢h the charity is èxpose(J and that systems hav8 been designed and estatIShed to mrtigate those risks. The tru51ees consider that the principal risk facing lh8 SoLiety is a reductiL in ihe incom8 of the Soaety in the fom of membership subscriptions. and tjonabons ar%1 Olhor giwng. This is scwhl lo ba addfessed by a regular vieW of the number of members and subscnplion levels and the level of dOnats"(s. aThJ ty various Inits"atives designed to atlracl new rnembers and to encourage giving to th6 So(a8ty. and the dIng of signThlcant rese8$ to &)ver d8firyenci8s in any year. Another significant risk is that of the loss of key personnel and staff. This 1$ sought to be addressed by $88king to 8nsur8 that suitably comrnilled and mobvatsd perSne1 and staff a emtdoyed. that they are suffiriendy supported in their roles. and Ihat we have systems in placg to recruit new slaff in Ihe event of departures C resignabons.
Church Society Trustees. and directors. report For the year ended 31 December 2025 Statement of trustees'ldSrectors' responsibillttes Th8 tru81888 (who are also th8 directors of Church kniety forthe pU)Se8 of company lawl ar8 reSnSIble for preparing the Trustees. R8POrt (incorporating th8 directors, r8PCrtI and the finanaal 5tatem8nts in accordance wth 8pplicab18 law and United Kingdom Accounting Standard5, induding Financial Reporting Standard 102". The Financial Rewrting Standard applicable in the UK and Republic of Ireland IUnite(l King(knrn Generaly Accepled ACcjtIng Practice). Company law requires the tru51ee5 to prepare finanaal statements for each financial year. which give a true and fair view of the stale of affairs of the charitable company and ol the incoming resources and apication of re50urce5. induding the income and expenditure. ol Ihts charitable company lor that peric¥J. In preparing those financial statements. th8 trustees are required to select suitsble accounting Oicies and then c4)ngst8nty. observe the methods and princirles In the chanb.es SORP.. make judgernents and estimates that are reaSonae and pnjdent., stat8 whether appliGqble UK Acoyjnling Standards hav8 beon r(Aknved, subject to any matgri81 d9Partures disc1058d and explained in th8 finanual sta18rnents,' and prepare the finanrial statements on Ihe going concom basis unle&8 it is inappropriate to presume that the charitable cnpanY will continue in bu511W. Thè trustees are responsiblè lor keeping adequate accthjnting reccds Ihat arts suffiaènt to showand èxplain the charitable company's Iransacknons and disdose with reasOnats accuracy at any b.me thè finanoal position ol the charita19 company and enable them lo ensure that the finanrial ststements c£nY wlh the Companies Act 20C6. They ar8 also responsible for safeguarding the assels of the chantable company and hence lor taking reasonable steps for the prevention and detection of fraud and other Iwularibes. Slotom¢nt a$ to dlg¢losur• of Infomiatlon to audl¢ors So far as the tw$lee$ are aware. the is no relevant infomTrlioTh18$ defined by SeCtn 418 of the Companies Act 20061 gf which the charitable rnPany s auditors are unaware. and each tn151 has taken all the steps that they ought to have t8k8n a5 a truste8 in ord8r to make th8rn awar8 of any audit inlorrnation and to establish that the charitable cornpany 5 8udilors 8r• awara tsl thai informaiion. Audltors Xeinadin Audit Limitsd have expressed their wlliThJness to continue as auditors and a resoluts'on proposing Ihelr re. appointment will be put to the forthcoming annual genernl meeb"ng. These financial statements are prepa in wilh the special prwsKJns of Part 15 ofthe Companies Acl 2C4)6, relating lo small enlilies. Approved by Ihg TNs188son 14 May 2026 signad on thair b¥haif by Revd Dr J D Ward Trustee
Church Society Independent auditor's report to the members on the audited financial statements of Church Society Opinion We have audited the financial statements of Church Society lihe'charity'l for the year ende(131 Deeèmber 2025 which compris8 the Statement of Fin8nual Activities, the Balance Sheet and th8 notes to the financial statements, including a summary of significanl accounting poliaes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Stan(Jard 102 The Financ1 Reporting Slandarf applicable in the UK and Republic of Irel8nd Iunited Kingdorn Generally Accepted Accounting Praclicel. In our opinion the financial statements.. give a true and lair view ol the slale ofthe tharitable (panIS affairs as at 31 December 2025 and ol ils incoming resources and application of resources for Ihe year then ended., have been propedy prepared in accordance wth United Kingdom Generally Accepted Accounting Practice.. and have been prepared in accordance the requirenwnts ol the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance wilh International Standafds on Auditing IUKI IISAS IUKII and applicable law. Our responsibilits'es under those slandards are lurther described in the Auditorfs responsibilities for the audil ol the financial statements seclion ol our report. We are independent ol the charitable company in a¢¢ordanc& with the eihical requirements ihat a r&l&v8rit io our audit of the financial 8tslement5 in the UK, including the FRC'S Elhical St8nd8rd. and we have fulfilled our other ethical responsibilrties in accordance wilh these requirements. We believe that the audit evidence we have obtained Is sufficlgnt anfj approprlatg to provKl¢ a ba$ lor our opinion. Conclu8lon8 rèlatlng to galn9 eoneèm In auditing the financial slalemenls. we have cnnduded that the trustees. use of the going concem basis of accounting in the preparation of the financial slatements is appropriate. Based on the work we have perlowrned. we have rh)t entsfied any rnalerial uncertainties relating to events or ¢onditions that, individually or coll¢ctswly, may ca$1 $1gnificanl doubt on th& Charity's ability to continua as 8 going ¢on¢em for a period ol ai least 12 monihs fr(Nn when the financial slalemgnts a authorised lor issue. Our respon5ibililies and the resp)nsibililEs of ihe trustees wth respect to gn9 o)ncem ar8 described in the relevant sections of this report. Other Informatlon The olh8r Information comprisés Ihè infomiatmm) indudÈd in Ihè 8nnual rèKK)rt, induding thè trugtÈés' rèport. other than the financial statements and our auditorfs pOrt thereon. The trustees are sponSible for the other inlomalion conlained within the annual report. Our opinion on thè financial statements does not cover the other inlornialion and. except the extent otheiSe explially sialed in our POrt. we do not express any form of assurance condusion ihereon. Our responsibility is ¢0 read the other inforrnabon and. in doing so, ¢x)nsider whether the other informatlon 15 materially inconsistent with the finanaal statements or our knoedge obtained in the course of thè audit, or othèrwise appears to be tnaterially misstated. If we Hjentrfy such material inconsistenues orapparent material misstatements. we are required (o detemiine whether this gives rise lo a material misstatement in the financial statements themselves. 11. based on the work we have perfomed. we o)ndude that there is a material misstaternen¢ of this olher informalwm, we are required to rewrt Ihat fact. W8 h8v8 nothing to r8FK)rt in this r8gard.
Church Society Independent auditor's report to the members on the audited financial statements of Church Society Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work rertaken in the course of oui audit: the inft)rmation given in thg tnjstees. rewrt. vknich indudes the dir8Ctors' rewrt pr8pared ft)r the purposes of company law, lor the fin8fbcial y88r for which the fin8nryal ststem8nt5 are pr8pared 15 consistent with the financial 5t8tements'. and the directors. report indud8d Wthin lh8 twustees. rep(KL has been prep8r8d in a(xordanc8 Wlth appliG4bl8 legal requirements. Matt•rs on whleh w• ar• r•qulr•d to r•port by •xe•ptSon In the light of the knowledge and understanding of the tharity and its environment obtained in the o)urse of the audit. we have not identified material misststements in the directors. report included wrth the trustees, report. We have nothing lo report in respect of the fdlowing matter5 in rela11c lo whK* the Companies Act 2006 requirès us to report to you rf, in our opinion-. adequate and propar accotjnting re¢or(l$ havè not Wn kept, or relum$ adequate for our audit have not been received from branchgs not V15ileil by us; or the financial statement5 are not in agreernenl with the accounting records and retum5', or certain disclosures ol trustaes, remunèration speufied by law are not mad6". or w$ have not re¢eiv$d all thè inlomation and explanats.ons we requi for our audit,. or the trustees were not entitled to prepare Ihe finanaal statements in accordance wrth the small companies regime and take advantsge of th8 small companies exemptions in preparing the trustees, report and from the requirement to prepare a strategic report. Rosponslbllltles of truste As gxplaine(J more fully In the trust, reswnsibilities $latement. the twstees, (who ar8 also the directors of the chariiabl8 ¢ompany lor thè PLJrposes ol company lawl are resrx)nsiblè lor thè preparation (>f the financial statements and for being satisfied that they give a true and fair wiew. and for such inlemal control as the trustees detemiine is nec&ssary lo enable the pmparalion of financial statements that ar& free from material misstatement, whether due to fraud or error. In preparing the financjal slalements, the Iruslees a resFX)nsible lor assessing Ihe charity s ability lo continue as a going ¢on¢em. disdosing. as applicable. m8tt&rs related lo going concem and using th& going concem basis of awounting unless Ihe Injsiees eilher intend to Iiquida¢e the MpanY or lo ¢ease operations, or have no realistic aKemativ& twjl to do so. Audltor's r•spon$lbllitio8 for th• audlt of th• financlal stat•m•nts Our objectives are lo obtain reasonable assurance about whether the finano81 stalemenis as a whole are free from rnaterial misstatement. whether due to fraud or error. and to issue an auditorfs report that includes our opinion. Re850n8ble assurance is a high level of assur8nce, but 15 not a guarantee that 8n audit conducted in aocordance wilh ISA5 IUKI will alway5 detect 8 material mi$5tatement when it exists. Misstatements can aristr from fraud or error and are considered material rf, individualty or in the aggregata, they could reasonably be exp@¢1 to influènce Ihè economic decisions of users takèn on thè basis ol thesè financial statements. The exient to whith our pr(Kedures are capable of delethg irregularrbes, induding fraud is detailed below.. 88s8d on our understanding of the charity, w8 Klentsfi8d that the prinopal risks of non-compli8nc8 wrth laws and règulations related to empk)yment and finanual reporting legislation and wè Considerèd the extent to which non-compliance might have a material effect on the finanaal statements. We also considered those laws and regulations that have a direct impact on the preparation of the finanaal statements such as the Companies Act 2006 and Charitie5 Act 2011.
Church Society Independent auditor's report to the members on the audited financial statements of Church Society We assessed the Suscepty''llty of the o)mpanYs financial statements lo material misstatement. including obtaining an understanding of how fraud might ¢)ccur, by wnaking enquiries of management, considering the Int8rnal controls in plac8 and discLJSSion amongst th8 engag8rnent team. W8 determined that the principal risks were related lo the allocation ol transactions related to Sl¢le funds aThJ valuation of freehold and investment properties. In response to the risks identified we designed prcxdures which induded, but were rt limited to.. tesb'ng the allocation of transactions to re5trided fvrhys reviewing Trustees and Finance meeting minutes evaluats'ng the charty's intemal control$ challenging signifi¢ant accntIng estimates such as valuation of investment property There are inherent limitations in the audit procedures described above. The rnore removed that laws and regulations are from finanoal transactions. the less likely it is that wewould become aware of non-compliance. Material misstatements that arise due to Iraud can be harder to detect than those that arise from error as they may involve deliberate rDncealment or collusion. A further des¢ription ol our spOnSibl11t1S for the audit of the finan¢ial statements is I{)cat on the Financial Rgporting Council's website al.. http'.I1l.frc.Qrg.UkIaudilor$r&SponsIb1Iltle$. This d8scriplion forms part of our auditorfs reporL Use of our report This report is rn8d8 501ely to the ch8ri1able mpanI$ members. as a body, in accordance with Chapter 3 01 Part 16 01 the Companies Acl 2CK)6 and regulations made underthatAci. Ouraudit work ha5 been undertaken so that we might state to thè charitabl& company's mèmbers thos& mattèrs we are required to state to them in an auditors, report and lor no olhar purwsè. To the fullèst èxtant pèmittèd by law. wè do not accèpt or assume responsibility to anyone other than the charitable company and its members as a body, for our audit work, for this report, or lor the opinions we have formed. Rlchard Haffenden MA FCA {Senlor Statutory Audllor) for and on bèhalf of Xèinadin Audit Limit•d Statutory Audltor Chartered Accountants 5 Robin H¢X Lane Sutton Surr*y SM12SW Dated.. 7th July 2026
Church Society Summary Income and expenditure acount For the year ended 31 December 2025 2025 2024 Income 172,376 119,8071 128,832 281,401 201.320 113,032 125,798 440,150 Gainslllosse51 on InvestrtS Inlerest and inveslrnenl inco GroBB Incom• In t rowtltrva prlod Expenditure Depreciation Trf•l gxppndlttw• In r•wtlw pwrl¢KI 315,464 4.236 319,700 286,595 1,912 288,507 Net incorrB lor the year 138,2991 151,643 Statement of Comprehensive income For the year ended 31 December 2025 2025 2024 Net incoTh lor the year Othor comwoherffJlvo Ir0 Revolu01ion of tangible fixed osststs 138,2991 151,643 07,789 Tal cc¥npreherAl¥e Income for th8 year 59,490 151,643 li
Church Society Balance Sheet As at 31 December 2025 2025 2024 Fixed ossats Tangible ass81S InveslFtEnt$ 829.812 2.650.655 732,931 2.682,379 3.395,310 3.480.467 Currfyrt ass•t¥ Slock5 10 7.071 6,107 60.890 Debtors 86.764 Cash 81 bank and in hBnd 51.867 102,116 169,113 145.702 Cr•dtc•'. &Mnt falllNd wltNn one year 12 129.0541 126,7981 110.648 142,315 T(lal a888t8 1088 eurrent Ilalllltles 3.597.115 3,537,025 3.597.115 3.537,825 Endovmnl lunds 13 1.934.467 1.176.707 485.941 1.860,958 1,166,052 510,615 Rèslrlcled fund$ 14 UnstrIcted funds 3.597.115 3.537,825 Included in the fund baL8nce8 above s revaluatvjn reserves of £472.649 in Endrynt funds, £244,750 In Reslricleil fund5 and £60.205 in ihreslricled Fur$. The notes on pages 13 10 25 I( part of these financial Slolent$. These financial stateEntS have t)een prepared in a¢¢ordance 1th the s1)1 provi$ths of Part 15 of the Companies Acl 2006 relating Ic smll chantaN8 c¢Jftyanies. The financial slalemnts apkyoved by the Bwd of Truslees on 14 May 2026 behalf by. and yre svJned on its Revd Dr J D Ward Chairnwn Conyany No. 213142 12
Church Society Notes to the financial statements For the year ended 31 December 2025 Accountlng policies The folbwing a¢cA)unbng are cmsidered material in relabon to the charitsble MpanY'S finanoal stat8ments. 1.1 Accounting convention The fin8nci81 statem8nts have been prepared und8r Ihe CompanS Act 2( 8nd in ac(x)rdance wrth Accounting and Reporting by Chaiities.. Stslemenl of Recornmended Practice applicable to charitie5 preparing their accounts in accordance with the Finanoal RewN.j Standard applicable in the UK and Republic of Ireland IFRS 1021- (Chanties SORP IFRS10211 aThJ Finan¢¥al Reporbng Standard 102 IFRS 1021. Thts financial stslements are drawn up on the hist¢31 cost basis of accounts"ng. as rThIfied by the valUation of investment properties and other inveslrnents. Th8 a(o)unts ars all prepareLI in s¢eding, rounded to the nearest pound. SORP Urxlale BulL81in 1 has been apled in rggards to Ihe exeMptiC of a cash flow ststement. Church Sooety meets Ihe definition of a public benefit gnbty under FRS 102. 11 is 8 company lirnited by guarant88, incorpor818d in Ennd rggis¢ered Offi at Hdle Bu5in?ss Estste. 132 St AJban$ Road, Warford, WD24 4AE. The trustoes eonskjor that there are no materfal wthtlafjnUes about Ihe Sodtrty's 8billty to contlnuts 8s a gTh9 concem. 1.2 Cla8•lflcatlon ollund8 Permanenl endowments represent Ihosg funds where th8 captsl is requireLI to be retsined but the income from those funds be spen¢ for thg benefit of Church Sow or other8 $ubJgCt in certain cases to specific restrictions contained in the cryinal endowm&nl. Rèstricttd funds rwèstnt Ihè aecumulaitd ineomè of managed funds wtsjsè ua• Is rtstrict•d to spedfic purposes according to the terns On the lunds were received. The unrestrictèd lund rèprèsents ineomè whieh may ba ynt gan8f811y for furtharing tha raliglous and chariiaUe work ol Church Sou'ety. 1.3 Oepr•¢latlon of tan9itA• •ss•ts Freehold properties are recorded al value 8n(J 811 otsr ¢arvJible assets are rerxydJ at COs11g8$ depreciatkjn and any impairment. Depreciation is provided on all tangible assets, except freeh propety, at annual rates cal¢xJlaled to write off the cost. les8 estimated resdual value, ol each asset over its expected usefijl lifg, as fdlow5.' Fixtures, frttings and 8quipm8nt.. 33% a Strawhl lin8 basis No depretsation is prowded on frethdd properties. 11 is Ihe rKlicy tsf the Souety lo maintain these al least lo Ihelr cunt slandard and lo charge Ihe statenI of Financial Activities the cost of maintenance as incurred. The useful economic Iwes and $Jua1 values a rewewed at the end of each year. 1.4 Investments Investmen1$ are induded al lair value 8t the balance sheet datg. Reali58d gain5 and 105se5 on investrnent5 are caloJlat8d as the difference belween sales proc88ds and rnark8t value at the start of Ihe year, or 5ub5eqvent C05t. and are thatgeil or credited to the staternent of finanaal actmties in the year of disposal. Unreali5ed gains and losses represenf the tTyJvewTnl ITr market value durit¥J the year and charged or crted to the statement of finanoal activth.es based the mathet value at the year end. 13
Church Society Notes to the financial statements For the year ended 31 December 2025 1.5 Investment Properties Investment properbes are indudeil al Ihe trustees esb.mate ol lairvalL al Ihe balance sheet date. R8alis8d gains and k)sses on investm8nt pryrb8s ar8 cakulated as the diff8r8nce tween sales proceeds and market valu8 at th8 Start of th8 year, or subse4u8nt cost. and are tharg8d uedited to th8 Stat8ment of financizl activities in the year of ijisposal. Unr8alis8d gains and losse5 r8pr8sent Ihe [rK)venI in m8rket V8lu8 duriry th8 y88r 8nd are ch8rg8d or edit8d to th8 Stat8ment ol finanual ba%d th8 mark8t value at the y8ar end. 1.6 Sto¢ki Stocks are valued at Ihe lower of ¥st ret realisaNe value. Pwsion is made for obsobte, slow-moving or effectsve stock where appropnatg. 1.7 D•btor8 Prepayrnnts 8rg included 8t the 8nKJunl prepaid a1 debtors a incknled at the setuement amount due. 1.8 Ca8h at bank and In hand Cash at bank and in hand indudes cash and 5hcrft tern hi9hly liqu•J investments wth 8 short rnaturity of thr88 months or18ss Irorn the date ol opening of th8 deposit. 1.9 Cr•¢Jltor8 and provlslon• Creditors and pfovisM)ns are recoanised the charity has a present 19aln r8sulb.ng from a past event that will probably result in the transfer ol funds to 8 third paty and Ihe amount due lo sewe the oblig8tson can be measu or ostimalod reliably. Creditors and prowsions are Th)m)ally recognise¢ at their soluèmont amount after allowing for any Irade discUnIS due. 1.10 Flnan¢lal Instrumenls The charity only has financial assets and liabilities of 8 kind Ihat qualfy as basic financial instruments. Basic financial inslnJmenl$ are inits'ally re¢wnised at Iransath'on value and subsequently MeasUd al their seldemenl value. 1.11 Incoffle Donations and legac5 are accounted lor Ihe tharity has entidemenl to the income, this 15 wh8n it 18 probable the income wll be rec8ived and the amjnl of income receivable c8n te relsably m88sur8d. Inv•stm•ni ineom Diw¢Jends. interest and rentsl income a recognised gross en the chairty has enternent lo the income. Charitable activities and other Irading activities Income from Ihese sources 15 recogn15ed when the chanty has ents"Ilement lo the inc¥)me. If Subscriptn9 are ceived in advance ol the pen¢JJ ¢0 which Ihey late they are defer to the next pericJ. 1.12 Exp•nditur• Expenditure is aed as SO as a liability 1$ ¢))nSided pr(thble. distnted to present value for longer temi liabilities. Expenditure indudes VAT whi(* caThrKJt te rerx)vered. and is pOrted as part of the expenditure lo which it relate$. Ralslng fund$ These comprise the costs as8oriated with attractiro voluntary income and rnainlaining investment propert$. Charitable expenditure Charitable expenditure cornpii5es those cost5 incurred by Society in the ddNery of its activities and servi5 for its beneficiaries. It indudes botr costs tlwt Can be allcuted directly its such )NItIeS and those of an Indi¢t nature neSary to supkxjrt Ihem. They also indude g0Veman costs which comprise costs as50cialed wth meeting the c0Tr5titutional and statutory requirerllents of the Charity and include the audit fee5 and cost5 linked to Ihe 5traregic rnanagement of the Charty- 14
Church Society Notes to the financial statements For the year ended 31 December 2025 Grants Grants are induded al the arrN)unts paid Irom the lunds duriThJ the year. 1.13 Intangible incomo The contribut'on to the adminislrabon of Churth Sorxty supplied in the forn of voluntary servi(x5 15 acknowledged with gratitude bLrt recwnise¢J in these finanal sleMentS. 1.14 Ponsion costs Oèfined benofil scheme This is a muiiwnpltyer schtrmo and pansiM cosls charged in the financrdl stslements pty$ent Ihe contributs.on payable by Ihe thavrty in the year. Defined contribution sthem8- The pens ¥sts charged in the fin81 ststsments repr8seTht the ntributn payable by the Charity during Ihe year. 1.15 Taxatlon The charity 1$ gxompt frorn rpOralKYn lax on its rJbaritat49 8CtiwtigS. Inlm•nI In¢om• 2025 2024 Inv•slmenl prwrti8s Common investment lunds Cash deposits 93.053 33.220 92.927 32,762 Grants Pald 2025 2024 Amalgarnated Ordlnatlon and Tralnlng Fund Sch(Aarships 8ook grants 4,650 4,000 G•neral Fund Contribution to Sl Failh's. Maidslcffie Mary Vere Fund Schdarships Gloucester Marlners Resldents Contributiori lo Gloucester Mariner5 Residents Paddock Wood Parochial Hall Trust Contribution to Padd(tk Wo(* Church 514 15
Church Soclety Not85 to th8 financial statements Forthe year ended 31 December 2025 4 Tr¥nslerol restricted lunds During Ihe yearchurch Souety appliesa managementfee policytrthe ndSi are generabng a suffiuentlevel ofincome. This contributes kiwards the administration costsofthe fvnds. In 8dd1tion.whe Church Swety iscarrying OUtwo¢K along the same purpose oftre fvnds ¥ transfer may be appro bythe Finan¢e Commii8. 5 OwratlrwJ Iwa808 2025 2024 The charityis Committed b) the following payments under operating le Motlaterthan one year Laler ih8n one year and nollorlhan five years 17,478 23.233 40.711 5,638 5,638 Lease payments tharged lo expendittjre in kne year 18.503 16,320 CharttatA• a¢tl¥ttl•s si•ff costs c¥hor¢ts Total 2025 Trf&l 2024 Grantfvnding ofac0e Adivib&s un¢Jertsken ¢Jiredy Supportcosts 19,183 90.580 27.547 137,310 19.183 204.774 65.521 289.478 20,369 193,008 50,949 264,326 109.958 37.974 147.932 4236 4236 Oth•r co•ls.Act6vhl•s und•rt•k•rbdlr•cty 2025 2024 Eslablishmenl and propety Publicabons Meetings and ¢onlerences Other $tsftwsts Misce118neous 32.181 22.928 9.331 18.626 7.514 90.580 28,671 26,396 8,619 20,277 4,884 88,847 oth•r ¢Mt¥. Supwt C1 2025 2024 Prol$slonal and mafjagemenits88 Mtrelings and ¢onltrent68 Gov•rnin¢• c$ Profe551on313nd managemenlfees Auditors, remuTheratiOn- audi188fviL8 Tru$tee Meeting Expens*8 17.747 713 2,950 2,825 6.702 2.385 27.547 5,660 3,159 14,594 Slall ¢tI 2Q25 2024 Wages and $818rie$ SoGial security wsts Pension CDsb (see nottr 171 121,019 5,400 12,185 138,604 4.293 12.S33 147.932 The aversoe numb8r of person8 8mFloyed by the Charitsble company durin9 theyearw88 512024". 51. No employee 8am8d mor8 Ihan £60,000.
Church Soclèty Notes to the financial statements For th• y•ar •nd8d 31 Dèc•mb•r 2025 Trustee rtvnuneratlon and rtlatÈd party transaditins Council Members receive no r8munerabon for their seNces. Theirtravelling expenses are reimbursed in respect of exp8nÈ88 incJJrr8d on either Church Souety or Church Swety Trust business. In the yaar ended 31 December 2025. Council Members daimed r8imbursm8ni ol trav8lling exp8ns8s ioialling £847 12024. £3.1591. Expenses totalling £1,432 werè also IncUd by Churth Society in regards to atetsmmodation and subsistsnc& for thè annual rèsidential meeting. and training. kn Iotal. 11 TruslBe5 eilher daimed expensès or had expenses paid on thèir beh3W. The lotsl value ofdonabons withoutajndibons re1ved frorn trustee5was £50812024.. £6631. The chantable company does nothave indemnity insur8nc8 to protsct it trom loss 8nsing from n8glacl or defaults of its trust8ès, &mploy8s or ag8nL8of ind8mnify th8 trus6$ or offi(ts8gainsi the (x)nSUne8S ofany n8gl&clor defaullon their parL The totsl 8mployet b8n6fitsof key m8nag6m?nt per80nnel ollhe 18rfty wtr8 £75.82812024.. £73,9751. In 2021 8n Intereslfree loan of£6.000 %vas agreed beN¥een a key MeMr ofmanagemenl and Church Society. As 8t 31 D6C6mb8r2025 th&108n wasoutstanding w88£71. Churth Soryety beGarw Ihe sole truse of the Sir Edgar Strwd Plummer Charilable Twst (Gharity nurTiber 12033651 on 12 December 2023. Durin9 2025. Church Society charged rnanagernent fves of £19,918 12024. £20.4391. ofwhich £11.946 were owed to Church Souetyalyearend (Note 111. TgrwlN8 fixed a¥¥•ts IdlorerI1•b1è pwpos?$ Ftsturos fftIAngs •rtlqu•At Tot•1 Co•t or valuatoon As al 1 January 2025 Additions Disposals Re¥alvaJon A$ ai 31 Dt¢ombor 2025 724.122 20.271 3.328 744,393 3.328 97.789 821.911 97,789 845,510 23.599 Accumula¢•d d•pr•ClIn As al 1 January 2025 prowon for the ar Elimina¢ on di$po$al$ A$ al 31 De¢ember 2025 11.462 4.236 11,462 4,238 15.698 15,698 N•t book valu• As ai 31 December 2025 As al 31 Dec8mb8r 2024 821.911 724.122 7.901 1.857 829,812 725.979 Freehold propety consists of one property which has a valu6 %Yhich was b8sed on a prof8sonal valuabon obtained through leibng 8gÈnL8 asai 31 De¢mber 2025.IhÈ histontAI eostofthis propety Is £708,101. The following propae$ have all been shown in th8 balanc sheet at 8 nots.onal amount of £1.000. In each cas?. Ihe property is an asset of an tndowmeni fund and its sale 1$ subject lo significant resththons or 18 not pèmiitted under any circumstsnces. Notlna1knnal- expendalA• enth)4•Th Lighlbcwne Evangelic81 Churth GIouc8sl8r Manners Hall SIAndrews. Montserral gan StCathÈrine. Recreation (knund Notinalienable-pernianentendowrnent Gloucester Mariner5 Church I1(enal- p8rm8nenl enth)*TneTrl Penthyn Hall, Walthamslow (Md Hill Hall 17
Church Society Notes to the financial statements For the year ended 31 December 2025 Fixed asset investments In¥es&nenl Llsted C&$h Propeftios Investments Invoslmonts Total costor vakwtion Valuatyon at 1 January 2025 Addits'ons Disposals Revaluation Marketvaluation al 31 December 1,507,878 1.111,746 209.200 1239.8921 5.507 1.086.561 42,755 2,662,379 56.250 265.450 120.0001 1259.8921 17.282 79.005 2,850,655 22.789 1,485,089 H15torlc cost 1.007.868 892.987 79.005 1,979,860 Commercial Roatl. PaddockWooLI had a kjrnial valuaion by Ibbett M05ely Chartered Surveyors on 31 0eGember2018 for £25,000. The remalning Investrnent propoibOS all havts a value basod a professonal valuabon obtalned through lèibng agents a$ at 31 D8cemb$r 2025. Listed Investh8nts are Inv8sknents placed wilh Ryff8r LLPand CCLA Inv8strngnt Management Limited. 10 Sto¢k• 2025 2024 Publlcabons for resal 7.071 6.107 11 Dobtors 2025 2024 Prepayrn8nts Other dèbiors 10.754 76.010 86.764 9,191 51.699 60.890 12 Cr•¢Ulor•'. •mount• f•lllng du• wltNn *)n• y••r 2025 2024 Trad& credilor$ Defr income Accruals 8.988 2.432 17.634 29.054 3,771 9,797 13,230 26.798
Church Society Notes to thg financial statements For the year ended 31 December 2025 Gall (ID5xsJ P•rman•rt •rrtbAThinl lurth 81rchingt vaSCt 88n81it Fund riuhtan tan W8cB 7&752 78.578 305,681 1,050.795 376.448 .738 117,0571 108.S)6 942.289 GenerFI Fd 392.424 c¢&$1•r fvnAÈrS Chul¢ Lèanlno¢n SpA. Chrtsiehur¢h Hill Hal 73.250 11,2721 71.978 Watthaw41w. Per¢hyn W Trust 1.812.453 72,027 1,884,480 LbJhtbtr CbJTch. Kknho•t•r C4wGesler riners st KntJerrJt 2.649 2.620 ourw19r I4$n¢# Paddock Wuod ChLYGh Tt 16.856 18.367 ?5. 20.0 VIWn eNtTr GIoLYA1 4U.g)5 1,182 49,987 1.800.95Y 73.509 1.934.467 J•rt*ry 2024 r•¥•1110 Ov¢•mb•r 1024 P•rm•n•M •rthhYMri Iw B4rchingtw Ctswo8C8nI B81ft Fund Emrnn 77.451
J9.811 937.767 372.2 78.7S2 322,738 942,289 392,424 12,927 4,$22 20,164 ¢•$1r thLrth LamnON SpA. ¢Jiiiiehufch Cld Hill 71.428 73.250 w0iihAnwt. PeThhyn W Tnt 1.771.717 40.736 1,812.453 LJhtbo EvarydK#I Cr¥th. Kknr*ster (jCle1 St Wniswrot DiBsddorf cho01n¢Y 2.571 78 2,849 18,e56 25,W) Paddk Chwch W Twst Creatn Grllw 25.iKN) (s.L) 48.505 1.826.113 1S.W)I 39,e45 1,860,958 19
Church Society Notes to the financial statements For the year ended 31 December 2025 If Anw&. Or¢. Fy hin9lon Bil4h¢ T¥t 953.1( (20.7671 (32.Tr51 959.W7 6,971 31,054 744 24,313 17.267 14.135) 18.8411 1401 125JI 2.450 S[. Cnslchuith Fund klaty Veie Fund 2.241 V.ffj91 82 10.482 16.085 FtsThd 115.J45 3.124 7.744 I14.5 2tr.887 14MI Wattham&iow. PMihyn T1 I hmiow. $1 Jthn Fwd 13591 0.4Jl 6.282 1.166 052 88 170 146.2381 146.807 • Yl 3021 OTd. •r Fund 118.8421 .713 9SJ.106 2.216 17.6Jl 11.0341 Th$1 13.145 16621 24.J13 le5 012 (4C¥T¥ PA•ldwK• Fu 019 W3 LO&Tdnq1r 5p•. thdBI¢Yth Fund ry Vwo Fund Paddock P4Wh1a1h Hlll Twt Fur 8,893 19.7TI 127.074 115,545 EGGknlaitl¢d W4tthThlow. Ponihyn TTrAt hl{L. $1 John Fw 201 1.099.339 149.1fj51 61.88 1.le6.052 10 Iw 7.wl B21.911 1.Ic4.eio 829.812 2.W.655 116.6 1$97.11¥ 372.Y 1.160.ICII I curr•rrt 481•1 1.1?1.? I,p¥.¥? l•tw )* Tawth fiKed o¥sels Med asset IDvfjslnwnls T24.122 1.lJ3.937 T32.9J1 Ze62.379 1.134.414 31K curr•nt 107 I.1 052 1..8$& 3.537.625
Church Society Notes to the financial statements For the year ended 31 December 2025 16. Purpose oflunds Arnalgamated Ordinab'on aThJ Trainin9 Fund To assist wilh and [mote the educational and trainiw needs of those persons who are. or are Iraining to become. ministers in the established Church of EngThY who stsbscnbe lo the ¢ons8rvaliv8, angelical traditk)n. E A Beynon Fund For Ihe g8n8fdl purpos85 of the National Church League which in 1950 merged wth Church ASsatr.0n lo becorne Church Society. On 31$1 Decernber 2022 the balan of the funé has been transferred to General Furth in line the purpose of the fund. 8irchingion Benefit Fund CcWal•srnt To make grants 10 enab poor children arTrd in default tsf poor chikjrtsn oUr poor persons to obtain conval8sc8nt tr6atmenl after ilness. 8righton, Emmanuel Chvr¢h To maintsin Christian and missionary work on Scriptural Protestant and EvangdicAI lines so 18r as pr8ctiGgble in the Brighton and Hove area and sut¥eGI the¢0 elsewhere. Dgon Wace merncal Fund To provide land and buildings for Church Sw8ty and incorng for Ihe Swetys general purpose5. Duss81dorf Ch8plairty To pay for Ihe exp8ns85 01 Christ Church, Dus58ldorf in relation to both Ihe upkatsp of buildings and tho èmployment ol staff. General Fund For ts general purposes of Church Soriety Gloucester Mariners Residence To trnide a lden ts the cha81n of the Mariner's Chapel or lo Fwvid¢ for Ih? general vrk of Ihe Mariners cha1. Leaminglon Spa, Chiist Church FIX Ih9 augmentslion ol thg $lipend of the Incumbent of si M8rk's, Leamington Spa, 80 kng as the doctrin8 and worship in the parish of Sl M8rk's are 8V8ngelical in character. Mgidstone, St Farth Parish Roorn Subieci to the apwntment ol a vur Nithin 10 years ol the sale ol the Parish Room and lo such wcar maintaining and carrying on a [leS18n1 refomied Iradrtion. to provide funds for the Church and for tha genèral purrw)ses of Church Society. On 31Il December 2022 the balance ol thè fund has transferred to General Funds in Ilne wth Ihe purpose of the fund. Mary Vere Fund Ils aim is lo assist wlh and prcmle Ihe eduGqlional and training needs of wcfftn who are in, cx are training for, non-ord8ined rninistsy in the estatAished Church of England who subscribe to Ihe conservative. evangelical tradthon. Paddock Wood paLh181 Church Hall Trust To pmMde lunds lor 8vang81i(xl purpose5 in or in (y)nn8Ction with Ihe parish of Sl. Andrew's Paddock Wood. Ryde Ecdesiasti(al Charily To further Ihe religious and other charitable work of Ihe Church of England in the Ecrjesiastiral Parish of Ryd8. Wallhamstow, Penrhyn Hal Trust To pemiit the Penthyn Hall lo be used under the direction and o)ntrd of Ihe viGgr of St. John's Walthamstow so long as it is US8d IStenIty with evangeliral pripIes. 21
Church Society Notes to the financial statements For the year ended 31 December 2025 Wattham5t(yw, Sl John To suprM)rt any th Mthin the parish of St. John's Walthamstow, Iher being part of church actiwti88 or in supwrt of charit18S 0rating within the p8rish. Fr8eholds h81d on behalf of Churche5 or other tharities. Lighlbovme Evangelical Churth. Manchester. Gloucester Marin8rs Hall. H(Alabury M15sion Hall Poughill. Comwall. Sl Andrews, MoTrtserrat. Ohj Hill Hall. St Catharine's Recreation Ground, Wigan. 17. Ponsion Schem•s Church Society partirypates in h¥0 pension scherne$ administered by the Church of England Pensions Board, whith holds the assets of Ihe scheme separately frcm Ihose of Church Soc8ty and other participating 8mployers. lal The Church Vlorker4 Penslon Fund ICWPFI Church Socbly pat11cipales in the pensi Builder Sd)eme sectson of CWPF for lay staff. CWPF is administered by the Church of England Pensions Board, Wthich d$ the CWPF as68ts separately from those of the Employer and the othèr participaling employers. CWPF has 0 sectsons.. The Oefined Benefits Scherr The Pension 8uikJer Scheme, whith has hvo su1)Se$.. A deferred annuity section known as Pen5icffl Buikler Cla5SK, and, A cash balance 58Ction known as Penson Builder 2014. Pon81on BuSld8r Scherne Both sèctions ol the Pension Builyèr Sehamè arè dass•d as tfid sthèm88. P•nslon Bulld•r Cl•ssk provides a pension. accunMJlaied from contributions paid and converted Into a deferred annuity during employmenl based on tem)s sel and ¥We by the Church of England Penslons Board from time lo time. DISebOnary inaSe$ may also be added. depending on investment relums and other factors. p$10 aullder 2014 Is a cash tsalan scheme thal provldes a lump sum whlch members use lo provlde benefits al tirement. PensKJn contributions a recorded in an account for each member. Dls¢retlonary bonuses May be added before retirernent. dendIng on investment relum$ and other fadors. The 8c¢ount, plu5 any bonuses dedared, 18 payable. unreduced. fTom age 65. There is no SutdMSN)n of assets bets¥e8n employers in each soction of tha Pension Buildèr Scham&. The scheme Is )nSIded to be a muth"mpbyer scheme as described in Se¢ts"on 28 of FRS 102. Thls is because it 1$ not possible lo allnbule Ihe Pension Buler Schemes assets and liabilities to $pe¢ifi¢ ernoYerS and means that contributi$ a accounted for as rf Stheme We a defined contribution scheme. Thè pens1$ costs Charged to Ihe SOFA In the year a contrfbulk)ns payat4e12025.' £2.350. 2024.. £2.3381. A valuation of the Pension Builder sdrne i8 carried out once every th years. The mosl re¢enl valuation was carried out as at 31 December 2022. For Ihe Pension Buikler Cla5SiC 5eclion. the valuation Tevealed a surplu5 of £34.8m on the ongoing assurnptions used. At the Tnost recent annual wew effecThve 1 January 2026, the Board chose to grant a discretionary bonus of 10UA lo tK)th pensions not yel in payment and p8nsK)ns in payrnenl in r8specl of serwice prior to April 1997.. and a bonu5 on pen5ion5 In payrnent in re5pecl of p¥)51 April 1997 service so that the pension increase was a150 10% (where usually il would be calculated based on inflation up to an annual cap of 5% for pensions in paymenl in SpeCt of Servi prior to April 2(K)6 and 2.5% for nSionS in payment In $pe¢t of service post Apnl 20( l. This IWe improvements in the fundiThJ posity.on over 2025. There is no requirement for deficit payrnenls at the ¢urrenl For th8 Pension Builder 2014 s8(thn. th8 valuati(Mb revea18d 8 suryAus of £8.5m on the ongoing as5UrnPtions used. There is no requirement defic#l payments al Ihe current tirne.
Church Society Notes to the financial statements For the year ended 31 December 2025 The Church of England Pensions Board ha5 agreed that 50rne efflp1oYe could use a5set5 in the DBS of the CWPF in lieu of wnlnbub.ons lo Pensi Buler Clas9¢ andlor Pension Builder 2014. You will see this infom)ation on your OBS statement which wll be sent separately. The next valuath)n is beiro carri8d as at 31 D8rxnb8r 2025. The legal structure of Ihe scherlle is such Ihat rf anolher ernployer fails, Church Society could becorne sponsble for payiry a share of the failed employers pensiLW liatslit5. Ibl Tho Church of England Funded P•nsion Scheme ICEFPSI Church soCtY pakty'apales the Creh of EnglaThJ Funded P$1(17$ S)en for sts"pendiary clergy. a defined benefit pension Scheft. This scheme is admini$¢ereJ by the Church of England P8nsK)ns Board, whith holds the assets of th8 schemes separately from those of the Responsible Bodies. Ea( partKipaling Responsitle Body in the Church of EThJland Funded PensH)ns Scheme pays conlributs.ons at a common cmtributs'on rale applied lo nSionable $pends. The scherne is con&d8r8d to te a muliJ'-ernF4Jyer sch8rne as described in S8Ction 28 of FRS 102. It Is not POS5ib18 to attribute the Schemg's assets and liabilityds lo each sp8cffjic Re5POn5ib18 Bcrfjy. and this rneans conlrlbutlons are accounted for as il Uie Scheme were a defined contribution scherne. The pensions costs Charged lo the SOFA in the year are wnlribuknns payal)le towards bènefits and expenses accrued In that year which were £6.321 in 202512024. £6.7311. plus any figures arisiThJ fr(n contnbulions In respect ol any Scheme deficit. A valuation ol the Scheme is carried oul once every three years. The 2021 valuation showed the Scheme to b& lully funded. The most recent Scheme valualion nete was came¢1 out al as 31 December 2024, and also Showed the Scheme to be hjlly fvnded.. as such in 2025, the dgfiol contritxJtK)ns paid We £012024.. £01. The D8cemb8r 2024 valualicfi revealed a suuS of £560rn, ba58d cfi assets of £2,570rn and a fundlng target 01 £2.010rn. assessed using Ihe lollowng as5umplions'. An averdge discount rat• of 6.0% pa.. RPI inflats'on 013.4% pa laThJ ponsth incr•asas c%)nsist8nt wth Ihisl.. CPIH Inflabon In line wi¢h RPI ths 0.7% pa we 2030 mwng to RPI no adlustment from 2030 onwar¢s', IrKr8ase$ in p8nsion8t48 stipends in li wth CPIH., Mortality in ac¢ordan¢e wilh 90% of Ihe S4NA L tatAes, wth allowarK£ for irnprovernents in mortality rates from 2017 in line wth the CM12023 exiended rrKJel with a long lerrn annual rate of irnprovemenl of 1.5Qh, a smoolhing parameter of 7, an inilial additiL to mortalty ifflprovements of 0.5% pa and an 811owance for 2020 and 2021 dal8 0120% li.e. w= 20%). The 2024 valuation nee¢S the benefft improvennIS that the General agffjed in prinople in July 2025 land conflrmed in Febwary 20261. Sectbn 28.11A of FRS 102 reQui agreed deficit recovery payments to be re(ognised as a liability. However. as there were no defiot (X)very payments from 1 JUary 2023 onwards. Ihe balance sheet liability as at 31 December 2024 and 31 Dember 2025 is nil. The movement in th8 balan(% sheet liabilty over 2024 8nd over 2025 is 581 oui in th8 tab18 below. 23
Church Society Notes to the financial statements For the year ended 31 December 2025 2025 2024 Balants sheet liakn'lty at l January 08ficil conlribJtN)n paKJ Inter8st cost Irecognised in SOFA) Rernaining change lo the balanr£ sheet liatrAlity' Irecogni5ed in SOFA) Balance sheet liatx'lity at 31 Decernb8f Comprises change in agreed defidt recovery plan. and chaThJ8 in diso)unt rate and inflab.on assumptlons between year-ends. The legal structure of th8 5the is such that rf ather Re5ponsitAe B(xty fails, Church Sw8ty Could become responsible for pawng a share of th81 ResponsitA8 Body $ p8nsion liabilrtw. Icl NEST Penslon Sch•me Church Soclely partSdpaies in a defined CLWtrfbulbn scheme run by NEST. Tha penslons cy)sts ch8rgad Its th SOFA In the year are £3.86312024.. £3.1171. 18. Capttal commltM•nts and contlng•nt Il•bllltl The charitsble ¢ornp8ny had no maleri81 capitsl comrnitsnents or conbn9en¢118bllitse5 at 31 December 2025. 12024.. £nill. 19. Lu¢klgyQ¥kfl?Id School Tru$1 The Council of Church Sochely appc4nls th8 TN518es 01 th8 Luckley-oakfield School Trusl. which own5 8 School na8r Wokingham. In th8 evani tha Trust lg up lh8 8SSSts ravert to Churth S0¢181y for 8ducalional purpos•s. 20. Ryd•, YA Jam The Council ol Church Society apwnts Ie ol the five trustees ol the Ryde. St James Trust. The Trust owns the Church and a house in Ryde. Isle ol WvJh¢. which a held by Church So)"ety on their behalf. 21. Hollabury Mlsslon Hall Trust The Council of Church Soci8ty appoints 81101 the fiv8 Iruste8s of the H(Alabury Mission H811 Trust. The Tru5l owns the Hollabury Mis%on Hall, Poughill, Bude, which is held by Church Swety on their behalf. In January 2026 the TN51 sold Hollabury Mission Hall. 22. Black Chapel Church Sooety is the sc4e trustee of The Black Chapel Charibes Icharity number 2626671. Consolidated accounts have not been ppare¢l as the Combined income of all the chanties under the wntrol of Chur¢h Society is below the threshold at which group accounts are required. At the end of the financial year Black Chapel had reserves of £745.252. Its was £24.968 a1 expendIre £26.(8 suM1ng in a deficit ol £1.100. 24
Church Society Notes to the financial statements For the year ended 31 December 2025 23. Slr Edgar Stroud Plummer Charitsbk Ttust Church Sttiety is the sde lrnslee of the Sir Edgar Stroud Plummer Charitable Trust Icharity number 12033651. Its purpose is to provide income to ben8fit the Daily Prayer Union Trust Lirnited Icharity numb8r'. 2848571. Consolidated accounts have not b8en prepared as the cornbined InM8 of all the charities under the control of Church Society is below the threshold at which group a(xounts are required. During 2025, Church Society charged managernenl fee5 of £19.918. of which £11.946 were owed to Church sIety al year end (Note 111. The Sir Edgar Stroud Plummer CharitatA8 Trust acrAxJnts have 8 ye8r-8nd of 30 June 2025. At this da18, it h8d total reserves of £1,577.266. In its latest reporting period. tElween 1 July 2024 and 30 June 2025 it5 10ts1 incorne was £56.783 of reslricteij fund5. In regards to expenditure. £56.783 was spent in regard5 to re51Ticted funds. which were grants lo Ihe Daily Pwyer Union Trusl Limiled and £24.425 in wards endowmtsnt expenses. Therefore. its total expenditure was £81.208. On 26ih November 2024. Church Society agreed to stsrt the pwess lo rner9e the Sir Edgar Stroud Plummer Charitsble Trust into its own a¢wunt$ where it would be ac¢ounled for as an endowment fund, h(Hgver in June 2025, sdicators conduded thal it was not PD$sible. thereforg the actt)unl$ will rgrnain sep8rale. 24. Llghtbown• Church Society is th8 so18 trus188 of LIghtbOw Ev3ng81ic81 Church. Consolidated account5 h8V8 not b88n prepared as th8 combined incorne of all th8 charilie5 under the conlrd ol Church sety is b81ow the Ihr8shold al which group accounts are requSred. At the end of the financial year Lighliwne Evangelical Church had r6serv6s of £77.891. Its inCm& was E27.982 and 6xpthJilufe £26.285 res¢Jlts"ng in 8 surplus of £1.897. 25