IRIS Accounts Production v26.1.10.61 Other Company accounts True false Pounds 1.1.25 31.12.25 31.12.25 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true true false true false false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 07780681 2024-12-31 07780681 2025-12-31 07780681 2025-01-01 2025-12-31 07780681 2023-12-31 07780681 2024-01-01 2024-12-31 07780681 2024-12-31 07780681 ns0:CharitableCompanyLimitedByGuarantee 2025-01-01 2025-12-31 07780681 ns15:PoundSterling 2025-01-01 2025-12-31 07780681 ns11:FRS102 2025-01-01 2025-12-31 07780681 ns0:IndependentExaminationCharity 2025-01-01 2025-12-31 07780681 ns11:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 07780681 ns11:FullAccounts 2025-01-01 2025-12-31 07780681 ns0:CharitiesSORP 2025-01-01 2025-12-31 07780681 ns0:Trustee1 2025-01-01 2025-12-31 07780681 ns0:Trustee2 2025-01-01 2025-12-31 07780681 ns0:Trustee3 2025-01-01 2025-12-31 07780681 ns0:Trustee4 2025-01-01 2025-12-31 07780681 ns0:Trustee5 2025-01-01 2025-12-31 07780681 ns0:Trustee6 2025-01-01 2025-12-31 07780681 ns0:Trustee7 2025-01-01 2025-12-31 07780681 ns0:Trustee8 2025-01-01 2025-12-31 07780681 ns0:Trustee9 2025-01-01 2025-12-31 07780681 ns0:Trustee10 2025-01-01 2025-12-31 07780681 ns0:Trustee11 2025-01-01 2025-12-31 07780681 ns0:Trustee12 2025-01-01 2025-12-31 07780681 ns11:RegisteredOffice 2025-01-01 2025-12-31 07780681 ns0:TotalUnrestrictedFunds 2025-01-01 2025-12-31 07780681 ns0:TotalRestrictedIncomeFunds 2025-01-01 2025-12-31 07780681 ns0:Activity8 2025-01-01 2025-12-31 07780681 ns0:Activity8 ns0:TotalUnrestrictedFunds 2025-01-01 2025-12-31 07780681 ns0:Activity8 ns0:TotalRestrictedIncomeFunds 2025-01-01 2025-12-31 07780681 ns0:Activity8 2024-01-01 2024-12-31 07780681 ns0:Activity9 2025-01-01 2025-12-31 07780681 ns0:Activity9 ns0:TotalUnrestrictedFunds 2025-01-01 2025-12-31 07780681 ns0:Activity9 ns0:TotalRestrictedIncomeFunds 2025-01-01 2025-12-31 07780681 ns0:Activity9 2024-01-01 2024-12-31 07780681 ns0:TotalUnrestrictedFunds 2024-12-31 07780681 ns0:TotalRestrictedIncomeFunds 2024-12-31 07780681 ns0:TotalUnrestrictedFunds 2025-12-31 07780681 ns0:TotalRestrictedIncomeFunds 2025-12-31 07780681 ns0:TotalUnrestrictedFunds ns10:WithinOneYear 2025-12-31 07780681 ns0:TotalRestrictedIncomeFunds ns10:WithinOneYear 2025-12-31 07780681 ns10:WithinOneYear 2025-12-31 07780681 ns10:WithinOneYear 2024-12-31 07780681 1 2025-01-01 2025-12-31 07780681 1 2024-01-01 2024-12-31 07780681 ns10:OwnedAssets 2025-01-01 2025-12-31 07780681 ns10:OwnedAssets 2024-01-01 2024-12-31 07780681 ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2024-12-31 07780681 ns10:FurnitureFittings 2024-12-31 07780681 ns10:ComputerEquipment 2024-12-31 07780681 ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2025-01-01 2025-12-31 07780681 ns10:FurnitureFittings 2025-01-01 2025-12-31 07780681 ns10:ComputerEquipment 2025-01-01 2025-12-31 07780681 ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2025-12-31 07780681 ns10:FurnitureFittings 2025-12-31 07780681 ns10:ComputerEquipment 2025-12-31 07780681 ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2024-12-31 07780681 ns10:FurnitureFittings 2024-12-31 07780681 ns10:ComputerEquipment 2024-12-31 07780681 ns10:CostValuation 2024-12-31

REGISTERED COMPANY NUMBER: 07780681 (England and Wales)

REGISTERED CHARITY NUMBER: 1147429

| Report of the Trustees and |

| Unaudited Financial Statements |

| for the Year Ended 31 December 2025 |

| for |

| The St Nicholas Cole Abbey Centre for |

| Workplace Ministry Limited |

The St Nicholas Cole Abbey Centre for

Workplace Ministry Limited

Contents of the Financial Statements

for the Year Ended 31 December 2025

| Page |

Reference and Administrative Details | 1 |

Report of the Trustees | 2 |  | to |  | 4

Independent Examiner's Report | 5 |

Statement of Financial Activities | 6 |

Balance Sheet | 7 |  | to |  | 8

Cash Flow Statement | 9 |

Notes to the Cash Flow Statement | 10 |

Notes to the Financial Statements | 11 |  | to |  | 19

The St Nicholas Cole Abbey Centre for

Workplace Ministry Limited

Reference and Administrative Details

for the Year Ended 31 December 2025

| TRUSTEES | G A Brisk

| C D Fishlock (appointed 28.1.2026)

| T J C Evans (resigned 13.4.2026)

| A N M Wales

| T C W Wright (appointed 28.1.2026)

| T Owusu-Sekyere

| P K M Fung

| D A H Orr

| D A C Meiklejohn

| C Steel (appointed 9.4.2025)

| C Stuart (appointed 28.1.2026)

| R Taylor (appointed 10.12.2025)

| COMPANY SECRETARY | S Williams

| REGISTERED OFFICE | 114 Queen Victoria Street

| London

| EC4V 4BJ

| REGISTERED COMPANY NUMBER | 07780681 (England and Wales)

| REGISTERED CHARITY NUMBER | 1147429

| INDEPENDENT EXAMINER | Garside and Co. Limited

| Suite 631, Linen Hall

| 162-168 Regent Street

| London

| W1B 5TG

| BANKERS | Kingdom Bank

| Media House

| Padge Road

| Beeston

| Nottinghamshire

| NG9 2RS

| BANKERS | Reliance Bank Limited

| Faith House

| 23-24 Lovat Lane

| London

| EC3R 8EB

The St Nicholas Cole Abbey Centre for

Workplace Ministry Limited (Registered number: 07780681)

Report of the Trustees

for the Year Ended 31 December 2025

The trustees of The St Nicholas Cole Abbey Centre for Workplace Ministry Limited (SNCA), who are also directors of the charity for the purposes of the Companies Act 2006, present their financial statements of the charity for the year ended 31 December 2025. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) '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)': (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives

The objects of SNCA are to advance the Christian faith for the benefit of the public, through:

• Ministry of an evangelistic and teaching nature to the local working community

• Supporting other similar ministries by providing facilities for staff

• Providing facilities that enable small group and one-to-one meetings, and other occasional events

• Ensuring that our primary facility is fit for purpose

Activities

During the financial review period, SNCA has conducted the following principal activities:

- Provision of oversight to the ministries of St Nick's Church (SNC), Fleet Street Talks (FST), London Bridge Talks (LBT), St Nick's Talks (SNT), Victoria Talks (VT) and Clapham Junction Church (CJC).

- Weekly lunchtime Bible talks on Tuesdays, Wednesdays, and Thursdays, facilitated by LBT, FST, SNT and VT respectively.

- Weekly Sunday morning services run by SNC.

- Weekly morning Bible studies for local Christian workers.

- Weekly small group Bible studies on Wednesday evenings.

- Termly Word Ministry Training courses specifically for people involved in SNC, through which individuals are trained and equipped to understand the Bible better for themselves and to teach it to others in a variety of contexts.

- Occasional evening evangelistic events aimed at people who are investigating the Christian faith.

- Christianity Explored courses run at various points in the year for people to investigate the Christian faith and the claims of Jesus.

- A significant number of people participating in one-to-one Bible studies and discipleship.

- Three weekends of Bible teaching, prayer, and fellowship for people involved in SNC and/or Wednesday evening small groups.

- Support through providing preachers, oversight and administration for Clapham Junction Church.

Public benefit

The trustees have considered the Charity Commissioners' Guidance on Public Benefit and, in particular, the specific guidance on Charities for the Advancement of Religion and are satisfied that the activities of SNCA fall within such guidance.

ACHIEVEMENTS AND PERFORMANCE

The trustees consider that the main achievement of SNCA in the financial period has been the public proclamation of the gospel through services conducted by the ministries of SNC, FST, LBT, SNT, VT and CJC as well as through Bible studies, one-to-one ministry, and other events.

The St Nicholas Cole Abbey Centre for

Workplace Ministry Limited (Registered number: 07780681)

Report of the Trustees

for the Year Ended 31 December 2025

FINANCIAL REVIEW

Financial position

In the financial year to 31 December 2025, SNCA's total income was £837,622 (2024 - £575,013). The income comprised donations and gifts of £758,300 (2024 - £509,056) and other activities of £79,268 (2024 - £62,570). SNCA's total expenditure in the period was £686,375 (2024 - £615,918), resulting in a net income for the year of £151,247 (2024 - net expenditure of £40,905). Total non-clergy staff costs were £209,773 (2024 - 184,297), being 31% of total expenditure (2024 - 30%).

Reserves

Following our Capital Giving Appeal at the start of 2025, as at 31 December 2025 SNCA had cash at bank and in hand of £261,615 (2024 - £100,127), representing 4.5 months running costs. We have already allocated £22,250 of the Capital Giving Appeal funds towards the start up costs of Clapham Junction Church.

FUTURE DEVELOPMENTS

We are thankful to God that the Clapham Junction Church started well in September 2025. Although aiming to be fully independent of SNCA in the foreseeable future, SNCA has provided support to help get it established. We are revisiting our plans to start an evening service as CJC gains independence. We continue to need additional space for the children's work on Sunday mornings. We would like to be able to rent a nearby office or café but have not been successful to date.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document and nature of entity

SNCA is governed by its memorandum and articles of association. SNCA is a company limited by guarantee as defined by the Companies Act 2006, incorporated 20 September 2011.

Trustees

SNCA's articles of association appoints the trustees to manage the affairs of SNCA and to exercise all the powers of SNCA. In considering the appointment of new trustees, the existing trustees must have regard to the skills, knowledge, and experience needed for the effective administration of SNCA. Every trustee must subscribe and adhere in belief and lifestyle to the doctrines set out in Article 3 of the articles of association. There are no formal procedures for the induction of trustees. Trustees are provided with appropriate training when required and have regard to training recommended by the Church of England.

Trustee Meetings

The trustees meet ordinarily 3-4 times a year and on an ad hoc basis when required. Trustee meetings are chaired by Greg Brisk, Trustee of SNCA. The trustees take appropriate decisions on the operation of SNCA. The trustees also adopt policies to comply with legislation in the areas of health and safety, child protection, and conflicts of interest.

Day to day financial matters are delegated by the trustees to SNCA's treasurer, Perry Fung, and its finance manager, Caroline Fishlock. The trustees have oversight of financial matters, including approval of major items of expenditure and the annual budget. Day to day ministry matters are delegated to the Reverend Chris Fishlock, who reports on those matters to the trustees regularly.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Comprehensive safeguarding and financial policies are in place as well as a staff handbook outlining acceptable practices. Secondary approval, oversight and regular reporting to the management and trustees is in place for all important and significant decisions to provide this assurance

Approved by order of the board of trustees on 30 July 2026 and signed on its behalf by:

The St Nicholas Cole Abbey Centre for

Workplace Ministry Limited (Registered number: 07780681)

Report of the Trustees

for the Year Ended 31 December 2025

G A Brisk - Trustee

Independent Examiner's Report to the Trustees of

The St Nicholas Cole Abbey Centre for

Workplace Ministry Limited (Registered number: 07780681)

Independent examiner's report to the trustees of The St Nicholas Cole Abbey Centre for Workplace Ministry Limited ('the Company') on Revised Financial Statements

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

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

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

3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

Gareth Owen Hughes

Garside and Co. Limited

Suite 631, Linen Hall

162-168 Regent Street

London

W1B 5TG

30 July 2026

The St Nicholas Cole Abbey Centre for

Workplace Ministry Limited

Statement of Financial Activities

for the Year Ended 31 December 2025

| 31.12.25 |  | 31.12.24

| Unrestricted |  | Restricted |  | Total |  | Total

| fund |  | fund |  | funds |  | funds

| Notes | £ | £ | £ | £ |

INCOME AND ENDOWMENTS FROM

Donations and legacies | 2 | 758,300 |  | - |  | 758,300 |  | 509,056 |

Other trading activities | 3 | 79,268 |  | - |  | 79,268 |  | 62,570 |

Investment income | 4 | 36 |  | - |  | 36 |  | 64 |

Other income | 18 |  | - |  | 18 |  | 3,323 |

Total | 837,622 |  | - |  | 837,622 |  | 575,013 |

EXPENDITURE ON

Raising funds | 5 | 33,722 |  | - |  | 33,722 |  | 29,848 |

Charitable activities | 6

Charitable Activities | 626,972 |  | 25,681 |  | 652,653 |  | 555,560 |

Restricted Activities | - |  | - |  | - |  | 30,510 |

Total | 660,694 |  | 25,681 |  | 686,375 |  | 615,918 |

NET INCOME/(EXPENDITURE) | 176,928 |  | (25,681 | ) | 151,247 |  | (40,905 | )

RECONCILIATION OF FUNDS

Total funds brought forward | 118,903 |  | 228,961 |  | 347,864 |  | 388,769 |

TOTAL FUNDS CARRIED FORWARD | 295,831 |  | 203,280 |  | 499,111 |  | 347,864 |

The St Nicholas Cole Abbey Centre for

Workplace Ministry Limited (Registered number: 07780681)

Balance Sheet

31 December 2025

| 31.12.25 |  | 31.12.24

| Unrestricted |  | Restricted |  | Total |  | Total

| fund |  | fund |  | funds |  | funds

| Notes | £ | £ | £ | £ |

FIXED ASSETS |

Tangible assets | 11 | 15,089 |  | 203,280 |  | 218,369 |  | 244,197 |

Investments | 12 | 2 |  | - |  | 2 |  | 2 |

15,091 |  | 203,280 |  | 218,371 |  | 244,199 |

CURRENT ASSETS |

Stocks | 13 | 5,990 |  | - |  | 5,990 |  | 3,610 |

Debtors | 14 | 30,262 |  | - |  | 30,262 |  | 23,877 |

Cash at bank and in hand | 261,615 |  | - |  | 261,615 |  | 100,127 |

297,867 |  | - |  | 297,867 |  | 127,614 |

CREDITORS |

Amounts falling due within one year | 15 | (17,127 | ) | - |  | (17,127 | ) | (23,949 | )

NET CURRENT ASSETS | 280,740 |  | - |  | 280,740 |  | 103,665 |

TOTAL ASSETS LESS CURRENT LIABILITIES | 295,831 |  | 203,280 |  | 499,111 |  | 347,864 |

NET ASSETS | 295,831 |  | 203,280 |  | 499,111 |  | 347,864 |

FUNDS | 16

Unrestricted funds | 295,831 |  | 118,903 |

Restricted funds | 203,280 |  | 228,961 |

TOTAL FUNDS | 499,111 |  | 347,864 |

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

The St Nicholas Cole Abbey Centre for

Workplace Ministry Limited (Registered number: 07780681)

Balance Sheet - continued

31 December 2025

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 30 July 2026 and were signed on its behalf by:

G A Brisk - Trustee

The St Nicholas Cole Abbey Centre for

Workplace Ministry Limited

Cash Flow Statement

for the Year Ended 31 December 2025

| 31.12.25 |  | 31.12.24

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 163,734 |  | (5,879 | ) |

Net cash provided by/(used in) operating activities | 163,734 |  | (5,879 | ) |

Cash flows from investing activities

Purchase of tangible fixed assets | (2,282 | ) | (119 | ) |

Interest received | 36 |  | 64 |  |

Net cash used in investing activities | (2,246 | ) | (55 | ) |

Change in cash and cash equivalents in the reporting period | 161,488 |  | (5,934 | ) |

Cash and cash equivalents at the beginning of the reporting period | 100,127 |  | 106,061 |  |

Cash and cash equivalents at the end of the reporting period | 261,615 |  | 100,127 |  |

The St Nicholas Cole Abbey Centre for

Workplace Ministry Limited

Notes to the Cash Flow Statement

for the Year Ended 31 December 2025

1. | RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

| 31.12.25 |  | 31.12.24

£ | £ |

| Net income/(expenditure) for the reporting period (as per the Statement of Financial Activities) | 151,247 |  | (40,905 | ) |

| Adjustments for:

| Depreciation charges | 28,111 |  | 27,421 |  |

| Interest received | (36 | ) | (64 | ) |

| (Increase)/decrease in stocks | (2,380 | ) | 325 |  |

| (Increase)/decrease in debtors | (6,385 | ) | 12,205 |  |

| Decrease in creditors | (6,823 | ) | (4,861 | ) |

| Net cash provided by/(used in) operations | 163,734 |  | (5,879 | ) |

2. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.1.25 | Cash flow | At 31.12.25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 100,127 |  | 161,488 |  | 261,615 |  |

100,127 |  | 161,488 |  | 261,615 |  |

| Total | 100,127 |  | 161,488 |  | 261,615 |  |

The St Nicholas Cole Abbey Centre for

Workplace Ministry Limited

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| a) Basis of preparation and assessment of going concern

| The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective from 1 January 2019 and the Charities Act 2011.

| The St Nicholas Cole Abbey Centre for Workplace Ministry Limited (SNCA) constitutes a public benefit entity as defined by FRS 102.

| The trustees consider that there are no material uncertainties about the SNCA's ability to continue as a going concern.

| The financial statements include all transactions, assets and liabilities for which the SNCA is responsible in law.

| b) Funds structure

| Unrestricted funds represent the funds of the SNCA that are not subject to any restrictions regarding their use and are available for application on the general purposes of the SNCA.

| Unrestricted funds may become designated funds where funds have been reserved for a particular purpose by the SNCA.

| Restricted funds represent donations, legacies or grants received for a specific object, or invited by the SNCA for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund.

| The SNCA does not usually invest separately for each fund except where amounts involved are material. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.

| c) Income recognition

| All incoming resources are recognised when received by or on behalf of the SNCA.

| All income is reported gross of any associated expenditure.

| Grants and Legacies to the SNCA are accounted for as soon as the SNCA is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the SNCA is probable.

| Interest earned on bank deposit accounts is accounted for when received.

| d) Expenditure recognition

| Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

| All expenditure is accounted for on an accruals basis.

| e) Current assets

| Amounts owed to the SNCA at the year end in respect of fees, gift aid recoverable or other income are shown as debtors, less provision for amounts that may prove uncollectible.

| f) Financial instruments

The St Nicholas Cole Abbey Centre for

Workplace Ministry Limited

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

1. | ACCOUNTING POLICIES - continued

| Basis of preparing the financial statements

| 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.

| g) Taxation

| The charity is exempt from corporation tax on its charitable activities.

| h) Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Improvements to leasehold property - in accordance with the terms of the lease

| Fixtures and fittings - 20% on cost

| Computer equipment - 33.3% on cost

| i) Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| j) Investments

| Investments are valued at market value at 31 December. Realised and unrealised gains or losses on investments are dealt with in the Statement of Financial Activities.

| Pension costs and other post-retirement benefits

| The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. | DONATIONS AND LEGACIES

| 31.12.25 |  | 31.12.24 |  |

|  | £ |  | £ |

| Donations & gifts |  | 746,409 |  | 500,751 |  |

| Donations toward catering cost |  | 11,891 |  | 8,305 |  |

| Total |  | 758,300 |  | 509,056 |  |

| £150,098 of 'Donations & Gifts' and £1,276 of 'Donations towards catering cost' is income associated with Clapham Junction Church activities.

The St Nicholas Cole Abbey Centre for

Workplace Ministry Limited

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

3. | OTHER TRADING ACTIVITIES

| 31.12.25 |  | 31.12.24

£ | £ |

| Book sales | 2,277 |  | 1,744 |  |

| Other income-weekend away | 32,605 |  | 25,975 |  |

| Other income-utilities contribution | 9,500 |  | 5,659 |  |

| Other income-telecom mast | 20,211 |  | 20,211 |  |

| SNCA Events income | 14,675 |  | 8,981 |  |

79,268 |  | 62,570 |  |

4. | INVESTMENT INCOME

| 31.12.25 |  | 31.12.24

£ | £ |

| Interest | 36 |  | 64 |  |

5. | RAISING FUNDS

| Other trading activities

| 31.12.25 |  | 31.12.24

£ | £ |

| Books purchased for resale | 2,754 |  | 2,537 |  |

| Catering expenses | 30,968 |  | 27,311 |  |

33,722 |  | 29,848 |  |

6. | CHARITABLE ACTIVITIES COSTS

| Support |

| Direct | costs (see |

| Costs | note 7) | Totals

£ | £ | £ |

| Charitable Activities | 641,267 |  | 11,386 |  | 652,653 |  |

The St Nicholas Cole Abbey Centre for

Workplace Ministry Limited

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

7. | SUPPORT COSTS

|  | Governance costs |

| £ |  |

| Independent examiner's fees - current year |  | 5,250 |

| Legal fees |  | 5,314 |

|  | 10,564 |

| Bank charges |  | 822 |

|  | 11,386 |

8. | NET INCOME/(EXPENDITURE)

| Net income/(expenditure) is stated after charging/(crediting): |

| 31.12.25 |  | 31.12.24

£ | £ |

| Depreciation - owned assets | 28,110 |  | 27,421 |  |

9. | TRUSTEES' REMUNERATION AND BENEFITS

| No remuneration or benefits were paid to trustees in their trustee capacity. During the year, members of staff (clergy) became ex-officio trustees and their remuneration is described below.

| Key Management Personnel

| Remuneration paid to Key Management Personnel for the year amounted to £92,862 (2024 £82,640 ).

| In addition, Key Management Personnel (who are also clergy) were paid accommodation costs (rent, council tax, moving expenses and water rates) amounting to £132,934 (2024: £98,840) as well as clergy mobile fees of £468 (2024: £403).

| Trustees' expenses

| There were no trustee expenses for the financial year under review (2024: £0).

The St Nicholas Cole Abbey Centre for

Workplace Ministry Limited

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

10. | STAFF COSTS

| Key Management Personnel

| Remuneration paid to Key Management Personnel for the year amounted to £92,862 (2024 £82,640 ).

| In addition, Key Management Personnel (who are also clergy) were paid accommodation costs (rent, council tax, moving expenses and water rates) amounting to £132,934 (2024: £98,840) as well as clergy mobile fees of £468 (2024: £403).

| The average monthly number of employees during the year was as follows:

| 31.12.25 |  | 31.12.24

| Administrative staff | 5 |  | 5 |  |

| Ministry staff | 5 |  | 3 |  |

10 |  | 8 |  |

| No employees received emoluments (excluding tied accommodation) in excess of £60,000.

11. | TANGIBLE FIXED ASSETS

| Improvements |

| to |  | Fixtures |

| leasehold |  | and |  | Computer |

| property |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 January 2025 | 521,452 |  | 69,848 |  | 6,282 |  | 597,582 |  |

| Additions | - |  | - |  | 2,282 |  | 2,282 |  |

| At 31 December 2025 | 521,452 |  | 69,848 |  | 8,564 |  | 599,864 |  |

| DEPRECIATION

| At 1 January 2025 | 282,758 |  | 64,345 |  | 6,282 |  | 353,385 |  |

| Charge for year | 25,681 |  | 1,768 |  | 661 |  | 28,110 |  |

| At 31 December 2025 | 308,439 |  | 66,113 |  | 6,943 |  | 381,495 |  |

| NET BOOK VALUE

| At 31 December 2025 | 213,013 |  | 3,735 |  | 1,621 |  | 218,369 |  |

| At 31 December 2024 | 238,694 |  | 5,503 |  | - |  | 244,197 |  |

The St Nicholas Cole Abbey Centre for

Workplace Ministry Limited

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

12. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| MARKET VALUE

| At 1 January 2025 and 31 December 2025 | 2 |  |

| NET BOOK VALUE

| At 31 December 2025 | 2 |  |

| At 31 December 2024 | 2 |  |

| There were no investment assets outside the UK.

| The company's investments at the balance sheet date in the share capital of companies include the following:

| Distaff Lane Coffee Limited

| Registered office: United Kingdom

| Nature of business: Coffee Shop

| % |  |

| holding |  |

| Class of share: |  |

| Ordinary £1 |  | 100 |  |

| The company and its subsidiary qualify as a small group and therefore do not need to prepare consolidated financial statements.

13. | STOCKS

| 31.12.25 |  | 31.12.24

£ | £ |

| Book inventory | 5,990 |  | 3,610 |  |

14. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade debtors | 2,570 |  | 1,155 |  |

| Other debtors | 4,038 |  | - |  |

| Accrued income (includes

| unclaimed Gift Aid) | 19,560 |  | 9,980 |  |

| Prepayments | 4,094 |  | 12,742 |  |

30,262 |  | 23,877 |  |

The St Nicholas Cole Abbey Centre for

Workplace Ministry Limited

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

15. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade creditors | 8,757 |  | 4,679 |  |

| Accruals and deferred income | 8,370 |  | 19,270 |  |

17,127 |  | 23,949 |  |

16. | MOVEMENT IN FUNDS

| Net |  |

| movement |  | At |

| At 1.1.25 |  | in funds |  | 31.12.25 |

£ | £ | £ |

| Unrestricted funds

| General fund | 118,903 |  | 176,928 |  | 295,831 |  |

| Restricted funds

| Restricted fund | 228,961 |  | (25,681 | ) | 203,280 |  |

| TOTAL FUNDS | 347,864 |  | 151,247 |  | 499,111 |  |

| Net movement in funds, included in the above are as follows:

| Incoming |  | Resources |  | Movement |

| resources |  | expended |  | in funds |

£ | £ | £ |

| Unrestricted funds

| General fund | 837,622 |  | (660,694 | ) | 176,928 |  |

| Restricted funds

| Restricted fund | - |  | (25,681 | ) | (25,681 | ) |

| TOTAL FUNDS | 837,622 |  | (686,375 | ) | 151,247 |  |

The St Nicholas Cole Abbey Centre for

Workplace Ministry Limited

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

16. | MOVEMENT IN FUNDS - continued

| Comparatives for movement in funds

| Net |  |

| movement |  | At |

| At 1.1.24 |  | in funds |  | 31.12.24 |

£ | £ | £ |

| Unrestricted funds

| General fund | 134,127 |  | (15,224 | ) | 118,903 |  |

| Restricted funds

| Restricted fund | 254,642 |  | (25,681 | ) | 228,961 |  |

| TOTAL FUNDS | 388,769 |  | (40,905 | ) | 347,864 |  |

| Comparative net movement in funds, included in the above are as follows:

| Incoming |  | Resources |  | Movement |

| resources |  | expended |  | in funds |

£ | £ | £ |

| Unrestricted funds

| General fund | 575,013 |  | (590,237 | ) | (15,224 | ) |

| Restricted funds

| Restricted fund | - |  | (25,681 | ) | (25,681 | ) |

| TOTAL FUNDS | 575,013 |  | (615,918 | ) | (40,905 | ) |

| A current year 12 months and prior year 12 months combined position is as follows:

| Net |  |

| movement |  | At |

| At 1.1.24 |  | in funds |  | 31.12.25 |

£ | £ | £ |

| Unrestricted funds

| General fund | 134,127 |  | 161,704 |  | 295,831 |  |

| Restricted funds

| Restricted fund | 254,642 |  | (51,362 | ) | 203,280 |  |

| TOTAL FUNDS | 388,769 |  | 110,342 |  | 499,111 |  |

The St Nicholas Cole Abbey Centre for

Workplace Ministry Limited

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

16. | MOVEMENT IN FUNDS - continued

| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

| Incoming |  | Resources |  | Movement |

| resources |  | expended |  | in funds |

£ | £ | £ |

| Unrestricted funds

| General fund | 1,412,635 |  | (1,250,931 | ) | 161,704 |  |

| Restricted funds

| Restricted fund | - |  | (51,362 | ) | (51,362 | ) |

| TOTAL FUNDS | 1,412,635 |  | (1,302,293 | ) | 110,342 |  |

17. | RELATED PARTY DISCLOSURES

| Total donations made to the church by trustees during the year amounted to £67,376 (2024: £43,819).

| The charity rented a property which was owned jointly by Reverend Christopher Fishlock (one of the Key Management Personnel), Mrs Caroline Fishlock (the wife of Reverend Christopher Fishlock), and a third party. The total amount of rent paid was £36,456 (2024: £35,488). The rent level is at market level or below and regularly checked with independent valuers.

| Mrs Caroline Fishlock was employed as part time finance manager during the year under review and received a gross salary of £25,752 (2024: £25,000) .Her salary is benchmarked by the independent trustees

| Distaff Lane Coffee Limited

| (A wholly-owned subsidiary of SNCA)

| During the year Distaff Lane Coffee Limited made payments to SNCA amounting to £55,500 consisting of £9,500 as a contribution towards utility costs (2024: £10,026 for provision of staff for the Wren), and £46,000 (2024: £43,000) in donations.

| Distaff Lane Coffee Limited made donations in kind of coffee and cakes for 1-2-1 bible reading and staff lunches of £3,293 during the year (2024: £2,500).