2025-12-31-accounts

Charity number: 253387

CHRIST CHURCH LANDS CHARITY

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

CHRIST CHURCH LANDS CHARITY

CONTENTS

	Page
Reference and Administrative Details of the Charity, its Trustees and Advisers	1
Trustees' Report	2 - 4
Independent Examiner's Report	5 - 6
Statement of Financial Activities	7
Balance Sheet	8
Notes to the Financial Statements	9 - 20

CHRIST CHURCH LANDS CHARITY

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2025

Trustees	Mr J D R Price, Churchwarden1
	Mr R C Metcalfe, Churchwarden1
	~~Fr S Clark (appointed 14th July 2025)~~1
	~~Mr A Griffiths2~~
	~~Mr M Bracey2~~
	~~Prof J R Kerridge Chairman2~~
	~~,~~ ~~Mr R Hobbs (term ended 15th August 2025)3~~
	~~Mr F Payne3~~
	Mr J D R Price, Director of Music3
	1 Ex-Officio 2 Nominated Trustees 3 Co-opted Trustees 253387 1 All Saints Court Bristol BS1 1JN Mr D Davies David Hoose FCA Forvis Mazars LLP Chartered Accountants 8th Floor, Assembly C, Cheese Lane Bristol BS2 0JJ NatWest Bank Plc 32 Corn Street Bristol BS99 7UG Richard Gore Gregg Latchams Ltd 7 Queen Square Bristol BS1 4JE Investec Wealth & Investment Limited 2 Gresham Street London EC2V 7QN Burston Cook Associates Lewins House Lewins Mead Bristol BS21 2NN
Charity registered number Principal office Clerk to the Trustees Accountants and independent examiner Bankers Solicitors Stockbrokers Property Advisers

Page 1

CHRIST CHURCH LANDS CHARITY

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025

The Trustees present their annual report together with the financial statements of Christ Church Lands Charity for the year 1 January 2025 to 31 December 2025. The Trustees confirm that the Annual Report and financial statements of the Charity comply with the current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Objectives and activities

a. Policies and objectives

The objects of the Charity are:

Firstly to support persons in the parish in need, hardship or distress and to support the Christ Church Exhibition Fund (325124). The charity aims to provide help to transient persons living in the parish through provision of food, clothing etc. via the Community of the Sisters of the Church.

Secondly to support the parish of Christ Church in the City of Bristol by paying towards the stipend of the Curate and Incumbent of the benefice, by paying clergy or licensed lay workers to conduct services in the parish, for other religious or charitable work of the Church of England in the parish or the Archdeaconry of Bristol. The charity aims to support the clergy associated with the parish in the provision of regular worship at Christ Church.

Thirdly, for the repair, maintenance and insurance of the fabric of Christ Church. The charity aims to ensure that funds are available to the Parochial Church Council.

The Trustees' main objective for 2025 was to look after the property and investments in the light of the purposes for which the Trust was established. The Trustees are confident that the insurance cover on the properties is sufficient. The Trustees have continued to consider the market value of the properties and performed a full revaluation in the year ended 31 December 2024.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Achievements and performance

a. Review of activities

The Trustees’ main aim this year was to continue to make decisions placed before them based on their familiarity with the properties and investments. A property sub-committee meets regularly to assist with this.

b. Investment policy and performance

The investments held at the end of the year are as set out in the attached accounts.

The funds aim at steady income and capital appreciation to provide long-term protection from inflation. These objects are reviewed annually with the stockbrokers.

Page 2

CHRIST CHURCH LANDS CHARITY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Financial review

a. Financial review

Total income for the year amounted to £194,463 (2024: £168,606) and total expenditure amounted to £150,063 (2024: £194,735) leaving a net surplus, before revaluations and investment gains, of £44,400 (2024: loss of £26,129). Investment gains amounted to £108,931 (2024: gains of £314,770).

b. Reserves policy

The Trustees are making an annual provision for the Church Fabric and for the repairs to properties.

Total funds amounted to £3,187,228 (2024: £3,033,897) of which £2,610,467 (2024: £2,501,536) related to endowment funds, £576,761 (2024: £532,361) related to restricted funds and £Nil (2024: £Nil) related to the unrestricted and property repair funds.

c. Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

Structure, governance and management

a. Constitution

Christ Church Lands Charity is a registered charity, number 253387, and is constituted under a Trust deed.

b. Methods of appointment or election of Trustees

The Trustees of the Charity are appointed in accordance with the Charity Commission Scheme dated 15 September 2005 under Charity number 253387.

c. Organisational structure and decision-making policies

The Trustees have supervised the administration of the Charity in accordance with the provisions of the Charity Commission Scheme, and applied the income in accordance with those provisions. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

The Trustees’ investment policy objectives are to obtain the maximum income by investing prudently and cautiously in a portfolio comprised of real property, equities, fixed income stock and cash. The portfolio is managed on a discretionary basis by the appointed stockbrokers and professionally qualified property managers.

The Trustees continue to retain the freehold property which originally formed part of the endowment where the net income (after costs of maintaining the property) justifies their retention.

All decisions are made at full Trustees’ meetings and carried out on a day to day basis by the Clerk.

Page 3

CHRIST CHURCH LANDS CHARI TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Structurei governance and management (continu￿> d. Flnancial risk management The Trustees have examined the major strategic operatKsnal risks which the Chanty may face and will ensure that, tr> the exlent that they do not alreaty exist. systems are established to enable regular reports lo be produced so that the nttessary steps Can be taken to minimtse these risks. Plans for future perlods The Trustees, aim5 for the future are lo continue lo keep tho propertEs fulfy let and in a state of good repair, and are fulty committed to ensuring that the provisions of the Charity Commission Scheme of the 15 September 2005 onlinue to be fvlty mel. Statement of Truslee8' respons1bll￿l The Trustees are responsible for preparing the Trustees. Report and the financial slalemenls in aceordane8 wlth applicable law and Unrted Kingdom Accounting Stsndards (United Kingdom Generalty Accepted Accounting Practice). The law applicable lo Cherrt￿ in England & Wa￿S require8 the Trustees lo prepare financial 8lalement$ for each linanckal year which gtve a Ifue and fair Mew of the stsle of affairs of the Charity and of rts incoming resources and application of ￿sources. Induding its income and expenditure, for that period. In preparing these financial stalements, the Tru8lee8 Orn required to". select suitable accounting pol￿￿9 and then apply them cnnsistentty., observe the methods and prlnciplas of the Charities SORP IFRS 102)., make judgments and at￿￿nting estsmates thal a￿ reasonable and prudent,. s1810 whether applicable UK Accounting Standards {FRS 1021 have been followed, 8ubjecl to any material departures disck*ged and explained In the financial slalemenls", prepare the financial statements on the g￿n9 concem basis unless it 15 inappropriate lo presume that the Chanty will continue in business. The Truslee8 are responsibk tor keeping ad¢¥uate ￿unting rec(Kds that are sufficient lo show and explain the Charills transactions and disclose wrth reasonable accuracy 818ny time the financial position of the Charity and enable them to ensuie that the financial statements comply the Charities Act 2011, the Chanty (Accounts and Reports) ReguL8t￿nS 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Chanty and hence for taking reasonabb steps for the preVent￿n and detection of fraud and other irregulaiities. Approved by order of the members of the board of Trustees and signed on their beha￿ by.. C&. (hi Irf_ Dale.. P4e4

CHRIST CHURCH LANDS CHARITY

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2025

Independent Examiner's Report to the Trustees of Christ Church Lands Charity ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2025.

Responsibilities and Basis of Report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of Christ Church Lands Charity as required by section 130 of the 2011 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Page 5

CHRIST CHURCH LANDS CHARITY

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed: David Hoose (May 13, 2026 13:54:47 GMT+1)

Dated: 13/05/2026

David Hoose

FCA

Forvis Mazars LLP 8th Floor, Assembly C, Cheese Lane Bristol BS2 0JJ

Page 6

CHRIST CHURCH LANDS CHARITY

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025

Note 3 4 5 Income and endowments from: Investments Other income Total income and endowments Expenditure on: Raising funds Charitable activities Total expenditure Net income/(expenditure) before net gains on investments Net gains on investments Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward 6 Governance costs 7	Unrestricted funds 2025 £ 120,273 5,000 125,273 109,361 15,912 125,273 - - - - - - -	Restricted funds 2025 £ 69,190 - 69,190 - 24,790 24,790 44,400 - 44,400 532,361 44,400 576,761 -	Endowment funds 2025 £ - - - - - - 108,931 - 108,931 2,501,536 108,931 2,610,467 -	Total funds 2025 £ 189,463 5,000 194,463 109,361 24,790 150,063 44,400 108,931 152,931 3,033,897 152,931 3,187,228 15,912	Total funds 2024 £ 168,606 - 168,606 137,718 43,190 194,735 (26,129) 314,770 288,641 2,745,256 288,641 3,033,897 13,827

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 9 to 20 form part of these financial statements.

Page 7

CHRIST CHURCH LANDS CHARI BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Note Fixed assets Investments Investment property 1803.009 1,526.000 1,305, 736 1,525,OCQ 10 1928,009 2,830. 736 Current u••t• Debtors Cash al bank and in hand 12 55.902 229.518 59.038 172, 748 285,420 231,786 Current lia￿litIeS Credrtors.. amounts falling due within one yoar 13 126,201) (28,625) Net curmnt assots 269.219 203, 161 Total assets less Gurr•nt Ilabllltle• 3.187.228 3,033,897 Totsl net assets 3,187,228 3,033,897 Charity fund8 Endowment funds ReslrKted fund8 14 14 2,610,467 576,761 2,501,536 532,361 Unrestricted fvnds 14 Total funds 3.187,228 3,033.897 The financial slalemenl8 were approved and 8Lrth0ri8ed for issue by the Trustee8 and syned on their behaw by.. The notes on pages 9 to 20 form part of these financi81 statements. (k.(fv J. n. MCnfli(4< 11 JSJI6 Page 8

CHRIST CHURCH LANDS CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

1. General information

Christ Church Lands Charity is an unincorporated charity registered with the Charity Commission in England & Wales, registered number 253387. The registered office is 1 All Saints Court, Bristol, BS1 1JN.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view.

Christ Church Lands Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The Trustees are confident that they can manage expenditure to align with the income generated from investment returns. For this reason they continue to adopt the going concern basis in preparing the financial statements.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity.

Direct charitable expenditure included in the Statement of Financial Activities represents the amounts paid from the restricted funds during the year. Grants paid are made in accordance with the Charity Commission Scheme.

Governance costs are those incurred in connection with administration of the Charity and compliance with constitutional and statutory requirements.

Costs of generating funds are Investment management costs and those costs incurred in respect of maintaining, insuring and letting the properties.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

Page 9

CHRIST CHURCH LANDS CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

2. Accounting policies (continued)

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Taxation

The Charity is a registered charity and as such is not liable to taxation on the net income from its charitable activities.

Irrecoverable VAT is charged against the expenditure heading for which it was incurred.

2.7 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.

2.8 Investment properties

Investment properties are included in the Balance Sheet at their open market value in accordance with FRS 102 and are not depreciated.

2.9 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.10 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.11 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

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CHRIST CHURCH LANDS CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

2. Accounting policies (continued)

2.12 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.13 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Page 11

CHRIST CHURCH LANDS CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

3. Investment income

Unrestricted funds 2025 £ Rents receivable 80,767 Insurance premiums recovered 914 Other investment income 25,757 Interest 12,835 120,273 Unrestricted funds 2024 £ Rents receivable 115,824 Other investment income 35,326 Interest 395 151,545 Other incoming resources Unrestricted funds 2025 £ Filming income 5,000	Restricted funds 2025 £ 47,327 536 18,189 3,138 69,190 Restricted funds 2024 £ 10,701 2,946 3,414 17,061 Total funds 2025 £ 5,000	Total funds 2025 £ 128,094 1,450 43,946 15,973
		189,463
		Total funds 2024 £ 126,525 38,272 3,809
		168,606
		Total funds 2024 £ -

4. Other incoming resources

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CHRIST CHURCH LANDS CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

5. Investment management costs

Unrestricted funds 2025 £ Property expenses 81,435 Insurance 17,474 Legal and selling agents fees 4,020 Investment managers' and valuation fees 6,342 Bank charges 90 109,361 Unrestricted funds 2024 £ Property expenses 101,287 Insurance 17,143 Legal and selling agents fees 11,246 Investment managers' and valuation fees 7,960 Bank charges 82 137,718 Direct charitable expenditure 2025 £ Clause 21 (3)(a)(i) Community of Sisters 1,200 Exhibition Fund 21 (3)(a)(ii) 2,350 Clause 21 (3)(b)(iv) Clergy Fees 17,680 Clause 21 (3)(c) Christ Church PCC 3,560 24,790	Total funds 2025 £ 81,435 17,474 4,020 6,342 90
	109,361
	Total funds 2024 £ 101,287 17,143 11,246 7,960 82
	137,718
	2024 £ 6,500 12,775 4,640 19,275
	43,190

6. Direct charitable expenditure

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CHRIST CHURCH LANDS CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

7. Governance costs

Accounts preparation fee Office and administration costs Independent examiner's fees Clerk's remuneration	2025 £ 3,374 18 2,620 9,900 15,912	2024 £ 3,353 57 2,617 7,800
		13,827

8. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £2,620 (2024 - £2,617) , and accounts preparation fee of £3,374 ( 2024 - £3,353 ).

9. Staff costs

Staff costs were as follows:

Wages and salaries Tax	2025 £ 8,179 1,721 9,900	2024 £ 7,800 -
		7,800

The average number of persons employed by the Charity during the year was as follows:

	2025	2024
	No.	No.
Clerk	1	1

No employee received remuneration amounting to more than £60,000 in either year.

The Board considers that the key management personnel of the charity comprise the Trustees. The Trustees all give freely of their time and expertise without any form of remuneration or other benefit in cash or kind. No reimbursement of expenditure was made to the trustees during the year (2024: £Nil).

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CHRIST CHURCH LANDS CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

10. Investment property

Valuation At 1 January 2025 At 31 December 2025	Freehold investment property £ 1,525,000
	1,525,000

A revaluation of all investment properties was undertaken by Burston Cook, Chartered Surveyors, in June 2024. The Trustees do not consider that the market value of the property is materially different from that of this valuation at the year end.

Details of the historical costs are not available.

There are four properties all situated in Bristol in the United Kingdom.

Investment properties comprise:

59 Broad Street 61 Broad Street 63 Broad Street 1 Mardyke Ferry Road Total	2025 £ 440,000 440,000 440,000 205,000 1,525,000	2024 £ 440,000 440,000 440,000 205,000 1,525,000

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CHRIST CHURCH LANDS CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

11. Fixed asset investments

Cost or valuation At 1 January 2025 Additions Disposals Revaluations At 31 December 2025 Net book value At 31 December 2025 At 31 December 2024 Investments at market value comprise: Listed Investments All the fixed asset investments are held in the UK.	2025 £ 1,403,009	Listed investments £ 1,305,735 102,066 (113,707) 108,915 1,403,009 1,403,009 1,305,735 2024 £ 1,305,735

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CHRIST CHURCH LANDS CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

11. Fixed asset investments (continued)

Material Investments

Material Investments Charities Property Fund Ishares V Plc JP Morgan ETFS Vanguard Funds Plc S&P 500 Ishares ii Plc	31 December 2025 £ 69,900 75,118 75,986 82,410 378,673 75,259	31 December 2024 £ 94,756 66,002 70,554 70,736 20,908
		322,956

Material investments are defined as those representing >5% of the market value of investments at the year end.

12. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	55,902	59,038

13. Creditors: Amounts falling due within one year

Other creditors Accruals and deferred income	2025 £ 15,749 10,452 26,201	2024 £ 17,332 11,293
		28,625

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CHRIST CHURCH LANDS CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

14. Statement of funds

Statement of funds - current year

Unrestricted funds General Funds - all funds Property repair fund Endowment funds Reserve fund Accumulation fund Restricted funds Clergy fund Church Fabric fund Persons in Need & Exhibition fund Total of funds	Balance at 1 January 2025 £ - - - 2,250,918 250,618 2,501,536 360,866 167,928 3,567 532,361 3,033,897	Income £ 125,273 - 125,273 - - - 21,367 26,456 21,367 69,190 194,463	Expenditure £ (120,273) (5,000) (125,273) - - - (17,680) (3,560) (3,550) (24,790) (150,063)	Transfers in/out £ (5,000) 5,000 - - - - - - - - -	Gains/ (Losses) £ - - - 106,418 2,513 108,931 - - - - 109,655	Balance at 31 December 2025 £ - -
						-
						2,357,336 253,131
						2,610,467
						369,642 185,735 21,384
						576,761
						3,187,952

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CHRIST CHURCH LANDS CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

14. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds General funds Property repair fund Endowment Fund Reserve fund Accumulation fund Restricted funds Clergy fund Church Fabric fund Persons in Need & Exhibition fund Total of funds	Balance at 1 January 2024 £ - - - 1,936,023 250,743 2,186,766 355,579 183,636 19,275 558,490 2,745,256	Income £ 151,545 - 151,545 - - - 9,927 3,567 3,567 17,061 168,606	Expenditure £ (146,545) (5,000) (151,545) - - - (4,640) (19,275) (19,275) (43,190) (194,735)	Transfers in/out £ (5,000) 5,000 - - - - - - - - -	Gains/ (Losses) £ - - - 314,895 (125) 314,770 - - - - 314,770	Balance at 31 December 2024 £ - -
						-
						2,250,918 250,618
						2,501,536
						360,866 167,928 3,567
						532,361
						3,033,897

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CHRIST CHURCH LANDS CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

14. Statement of funds (continued)

The Reserve Fund is for the repair and maintenance of the property of the charity, in addition to the church Fabric Fund.

The Accumulation Fund represents unexpended income which was paid into the fund as capital prior to the scheme. The income from this fund must be used for the purposes set out in clause 21(3)(b) of the trust deed.

The Clergy Fund is for payments of clergy stipends for the parish of Christ Church.

The Church Fabric Fund is for the repair, maintenance and insurance of the fabric of Christ Church and for the maintenance and support of services therein.

The Persons in Need and Exhibition Fund is to make payments for the relief of persons in need, hardship or distress resident in the parish of Christ Church.

The Property Repair Fund - the trustees have agreed to transfer £5,000 per annum from the general fund to fund future repairs to properties.

15. Analysis of net assets between funds

	Investment properties £	Investments £	Net current assets £	2025 £	2024 £
Capital funds (expendable)
Reserve fund	1,525,000	832,336	-	2,357,336	2,250,918
Accumulation funds	-	67,963	185,168	253,131	250,618
	1,525,000	900,299	185,168	2,611,191	2,501,536
Income funds- restricted
Clergy fund	-	369,642	-	369,642	360,866
Church Fabric fund	-	133,068	52,667	185,735	167,928
Exhibition fund	-	-	21,384	21,384	3,567
	-	502,710	74,051	576,761	532,361
Unrestricted fund	-	-	-	-	-
Total	1,525,000	1,403,009	259,219	3,187,228	3,033,897

16. Related parties

The charity is not aware of any related party transactions requiring disclosure under the Charities SORP (FRS 102).

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