Rtti)ort Lind Acrounts fr)r trip. y?¢1r e.iidin! 31 Depgnihe1" 202J EcclesiasLical l?urpose% In Coi)riexioii with Ilie C,hiii'cli ol EnEland EccLesiastical Purposes in Connexion with the Church of England Charity Number: 257099 Report and Accounts forthe year ending 31 December 2025 The trust owns one property- 38. The Paragon, Bath BA15LY. This is referred to in this document as Church House. The property is currently let 8S two apartments. a garden apartment and an upper maisonette. Almost alltrust income derives from the rent from these two apartments. The only other assets owned bythe trust 8re two small endowment funds, namely a bond fund and an UK Equityfund, both ofwhich 8re run by Blackrock. The funds produce a modest quarterly income. The combined value of these two funds is less than £20,000. Church House w8s originally owned by St Swithin's Church in Walcot. Bath. This church is next doorto Church House. Church House is a Grade11 listed Georgian building. The name of the trust indicates that the purpose of the trust is to further the purposes of the Church of England. All grants from the trust are currently given to the PCC of St Swithin's Church in Bath. usually by monthly standing order. This has been the case for many years and is likely to remain the same in the f uture. This PCC is referred to this report as Walcot PCC. The trust is run bytwo trustees: Sandra Gooding Isecretaryl and Michael Banner ITreasurerl. The trust employs a letting agency (Andrews) to administer the issues that arise from time to time with the property. During the year Andrews had taken over Homelets. which had been the trust's letting agency up until that point. The agency charges 8 commission and deals with most routine incidents requiring maintenance and other tasks such as fire safety tests. Trustees do not receive a salary or other financial gain. apart from any necessary expenses incurred. No claims for expenses were made in 2025. PHgelot5
Ropoi l aiid Ai.'e.ounts foi tlie y(JLir oncl in&7 31 Opco.nil)?r 2025 Fr.r.Ip.glagtir.?I Piiinnsp.£ In Coiiiipxion with ilie (;liurch ol Ei)gl¢l1)d The trust had prepared for signif icant maintenance work to be carried out this year. The main items were as follows: Amount Maintenance Outside renovation / painting Ioctl New bathroom Imaisonettel (Jul / AUEI Central Heating - Flush out system Ioctl All other maintenance Total 6429 7952 720 1674 16775 The outside renovation work included repairing and repainting all windows on the rear and side elevation of the building. The previous redecoration of the outside windows had not been done to a good standard, and some rotten wood needed to be replaced first. The rear drainpipe and the gate to the garden flat were also repainted. The work his work was carried out by lan Williams Limited. The company carried out a free asbestos survey ofthe windows. Scaffolding was erected to carry out the work. We believe that the work has been carried out to a good standard and we hope that repainting will not be needed for another 5 to 7 years. Secondly the bathroom in the maisonette was largely replaced. A new bath and floor were installed and the bathroom was redecorated. The toilet and basin were fairly new and did not need to be replaced. Thirdly a problem arose with the central heating which meant that one radiator stopped generating heat Gompletely. Consequently the system needed to be flushed out, at a fairly signif icant cost. The trust has therefore spent more on maintenance expenses than in the previous year, but this was as expected and h8d been budgeted for. The accounts show that the amount of assets held by the trust reduced by slightly under £5000 in the course of the year, but the level of assets is not expected to reduce further in 2026. The trust pays a monthly grant of £1300 to Walcot PCC, amountingto £15600 in total for the year. The level of grant has been kept at the same level as in 2024, but it will be reviewed in the first quarter of 2026. The trust may decide to make additional ad-hoc additional grants to Walcot PCC in the future. The trust has appointed Dr Christopher Chatfield of 36 Partis Way, Bath, BA13QQ to be the Independent Examiner of the end of year accounts. Christopher is retired, having been Reader in Statistics at Bath University for many years. Christopher has kindly 8greed to carry outthe examination free of charge. Christopher is not a member of St Swithin's Church. which is the only beneficiary ot the trust's work. PclgSP 2 015
RopTrDI't i?i)d Aecou nt% for 11)e y?1L r onclink 31 DLQ.L'rtiher 2025 EcclLsiaslicL71 Puri)oses in Coi)iiexion wiLh tlic Cliui'cli ol Eiiglaiid Receipts and Payments for Year Ending31 December 2025 Receipts Amount 1£) Rental- Top Flat Rental- Bottom Flat Investment Income (Blackrockl Interest on CCLA Deposit account 19707 11400 766 459 Total Receipts 32333 Payments Agent's Commission Maintenance Insurance TenancyAgreement Payments to Walcot PCC 2525 16775 1339 975 15600 Total Payments 37214 Net Receipts less Payments 4881 Cash funds blf Cash funds clf 38472 33591 Natwest CurrentAccount CCLA Deposit Account Blackrock Bond Fund Blackrock Equity Fund 9598 5000 3170 15823 Total Cash at hand 33591 Page3015
itrport aiid Ace.ou Iits for tlic ye¢?r eiicl ing 31 Dociinihp.1 202 Fcclesiaslirtil Piirposes In Goi)ii?xion with tlie Cl)uicli lil &iiglaiid Statemenl ofAssets and Llablllties on 31st December 2025 Assets Fixed Assets Value of building (Church House) Value of fixtures and fittings 863,885 25.000 Current Assets Cash and investments 33,591 Total Assets 922,476 Liabilities Nil Net of Assets and Liabilities 922.476 The value of Church House, and of its fixtures and fittings, is the notional value as specified in the latest insurance policy. We the trustees hereby formally approve these end ofyear accounts. Date of Signature Name Signature 9(3 S. E. PaLse4015
RepDI't ai)d Actou nt8 fur ilie ytrar on(ling 31 DecLniber 2025 Ecclesit?stical PLirDoses in Coi)IlCXlDn witli tlic Cl)Lircli ol Eiiglaiid Independent Examiner's Report to the Trustees of EcclesiasticaL Purposes in Connexion with the Church of England I have examined the accounts ofthe trust named"Ecclesiastical Purposes in Connexion with the Church of England havingthe Charity Number 257099, for the year ending 31 December 2025. These accounts are set out on pages 1 to 4 of the trust's annual report and accounts for the same accounting year li.e. set out in the previous pages of this same document). Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act 20111'the Act'l. I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. Accounting records were not kept in secret in respect of the charity as required by section 130 of the Act. or The accounts do not accord with those records. I have no concerns and have come across no other matters in connection with the examination to which attention should be dr8wn in order to enable a proper understanding of the accounts to be reached. Name . Ckfoffl u u71 Signature Date of SignatLsre Address I•TI tfl 3LS)L) Pc?go 5 015