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2025-12-31-accounts

PCC of St Thomas Church Oakwood

Registered Charity No. 1129369

Trustees’ Annual Report and Accounts for the year ended 31[st] December 2025

A. Reports
1. Electoral Roll Report 1
2. Trustees’ Annual Report 2
3. Financial Risk Assessment 9
4. Independent Examiner’s Report 11
B. Accounts
5. Accounting Framework 1
6. Statement of Financial Activities 2
7. Balance Sheet 2
8. Notes to the Accounts
(i)
Balance Sheet detailed		 4
(ii)
Analysis of income and expenditure		 5
(iii)
Fund movement		 7
(iv)
The Purposes of Designated and Restricted Funds		 8
(v)
Guidelines and Controls		 9
(vi)
Accounting Policies		 10
(vii)
Other Disclosures		 12
C. Summary Accounts of St Matthew’s Ponders End 1

Incumbent

Bank

The Reverend Richard Alldritt

2 Sheringham Avenue, Southgate N14 4UE HSBC plc 31 Holborn Circus, London EC1N 2HR

Treasurer Chris Goodlad

17 Oakwood Park Road, Southgate N14 6QB

Independent Examiner

Clive Makombera

46 Claremont Road, London EN4 0HP

A REPORT ON THE NEW ELECTORAL ROLL PAROCHIAL CHURCH COUNCIL (‘PCC’) OF ST THOMAS OAKWOOD

The updated Electoral Roll was approved by the PCC ahead of the annual mee:ng. The Electoral Roll consists of 192 persons, 60 resident in the parish, 132 non-resident.

Chris:na Mateides

ANNUAL REPORT FOR YEAR ENDED 31[ST] DECEMBER 2025 PAROCHIAL CHURCH COUNCIL (‘PCC’) OF ST THOMAS OAKWOOD

Aims & Purposes

The PCC has the responsibility of co-opera:ng with the incumbent, the Revd Richard AlldriJ in promo:ng the gospel of the Lord Jesus Christ according to the doctrine and prac:ces of the Church of England. The PCC has considered the Charity Commission’s guidance on public benefit and, in par:cular, the specific guidance on chari:es for the advancement of religion.

Objectives & Activities

As part of the Diocese of London, we share a vision of a church for London that is Christ-centred and outward looking - seeking to be more confident in speaking and living the Gospel of Jesus Christ, more compassionate in serving our community with the love of God and more crea:ve in reaching new people and places with his help.

The Apostle Paul tells us that Jesus is the Head of the church (Ephesians 4:15; 5:23; Colossians 1:18; 2:19); he is our Head at St Thomas. In prac:ce this means that those whom he calls to be under-shepherds of his flock must, first and foremost, be teachers of his Word so that we may hear him speak to us, nourishing, correc:ng, training, rebuking and direc:ng us. It also means that we must seek him in prayer, commi^ng all the concerns of the work to him, knowing that he is in charge and wants us to flourish in godly usefulness.

Achievements & Performance

There have been a number of encouragements and developments over the last year, both in terms of our ministry together and in our engagement with the wider community.

We con:nued to run a full programme of outreach ac:vi:es throughout the year - including weekly groups for children and families. Our annual Holiday Club once again provided an opportunity to serve many families in the local community, and we also held an Open Air service on Good Friday, taking the message of Easter into the park. Alongside these regular ac:vi:es, we launched a weekly Community Café, which has begun to provide a welcoming space for conversa:on, hospitality, and building rela:onships with those in the neighbourhood. During the year we also started English language classes, crea:ng opportuni:es to reach a slightly different demographic. In addi:on, a number of Discover courses were run over the course of the year, giving people the opportunity to explore the Chris:an faith and ask ques:ons in an informal and welcoming se^ng.

In the area of discipleship and leadership development, we launched a preaching group aimed at training and encouraging those who are thinking about ministry. We also established a Pastoral Care Team, helping to ensure that pastoral support across the church is more coordinated and that members are well cared for. There were also a number of opportuni:es during the year to strengthen fellowship within the church family. Both men’s and women’s events were held during the year, including guest events as well as gatherings aimed at building rela:onships and encouraging one another in the Chris:an life. We moved to having coffee in the church (rather than in the hall) on a Sunday in order to promote our welcome and one another-ing.

The clear teaching of the Bible con:nued to be central to the life of the church. Over the course of the year we spent :me in MaJhew’s Gospel, reflec:ng par:cularly on Jesus’ promise that he will build his church. We also explored the theme of God’s work in renewal through a series in Nehemiah ( God’s Big Build ),

considered the character of Chris:an life in a topical series on the fruit of the Spirit, and concluded our journey through the book of Acts. During the year we also enjoyed a Day Away at Felsted, where Mark Jackson helped us think together about the doctrine of eschatology.

Perhaps the most significant encouragement this year has been the con:nued growth and establishment of the church plant at St MaJhew’s Ponders End. The congrega:on there has con:nued to thrive and flourish, with several bap:sms during the year and around figy people now gathering each Sunday morning. We give thanks to God for the encouragement this has been and con:nue to pray for Jeremy, Dawn and the rest of the team.

There were no staff changes during the year. We remain deeply grateful for the many volunteers who serve faithfully in countless ways. The life and ministry of the church depend on their generosity of :me, energy, and prayer, and we thank God for each and every one of them.

Financial Review

Total funds: Total cash funds rose to £272k (2024: £227k). Giving fell, but 2024 Common Fund expenditure had included a one-off payment of £35k for the previous year. Buildings’ expenditure was lower in 2025 than 2024, and increased expenditure at St MaJhew’s Ponders End was more than offset by an increase in grants.

£30k that would have been paid to the Common Fund has again been designated for use at St MaJhew’s Ponders End.

General Fund: Unrestricted income fell to £182k (2024: £192k), as dona:ons fell to £175k (2024: £188k). The following significant amounts were designated:

Underlying General Fund expenditure rose to £65k (2024: £51k) due to an increased burden of staff costs following the deple:on of restricted funds. Over the course of 2025, the General Fund balance rose from £58k to £65k.

Staf funds: Expenditure on staff is partly covered by rental income from Curthwaite Gardens. Restricted funds for staff are now fully depleted (2024: £12k).

Building funds: Total maintenance expenditure was only £16k (2024: £31k) leaving total end-of-year balances at £59k (2024: £49k). Notable items of expenditure were:

St MaJhew’s Ponders End: In addi:on to the £30k designated to St MaJhew’s Ponders End, a total of 49k of restricted grants were received. Against this, expenditure totalled £74k.

Reserves Policy

The treasurer, together with the PCC, con:nually monitor the levels of funds available to ensure that ministry is adequately resourced, in par:cular staffing levels and the maintenance of buildings. The PCC aims to keep liquid non-restricted reserves no lower than a level of approximately 3 months’ running costs, currently £50-75k.

Further informa:on on reserves can be found in the notes to the accounts (Sec:on B8.5 – Guidelines and Controls).

Plans for Future Periods

There are a number of specific items for prayer in 2026:

Structure, Governance & Management

The Parochial Church Council is a corporate body established by the Church of England, opera:ng under the Parochial Church Council Powers Measure, and registered with the Charity Commission.

The method of appointment of PCC members is set out in the Church Representa:on Rules. The membership of the PCC consists of the Incumbent, the Churchwardens, Ex Officio members due to membership of Deanery & Diocesan Synods and members elected by those persons whose names are on the electoral roll of the church.

The PCC held 7 mee:ngs during the year together (8 including the APCM). In addi:on, the PCC operates through a number of commiJees which meet between full mee:ngs of the PCC and report back to it. The standing commiJee - consis:ng of Vicar, Churchwardens, PCC Vice-Chairman, PCC Secretary and Treasurer - did not meet during 2025. The Finance and General Purposes CommiJee met 3 :mes during the year in order to consider maJers in rela:on to the finance and fabric of the church, including maintaining of our health & safety policy, agreeing staff pay rates, and se^ng rates for Hall hire, and other fees at the discre:on of the PCC.

During the year, the Trustees have reviewed a number of key policies and procedures to ensure that the charity remains compliant with relevant legisla:on and good governance prac:ce. These have included

policies rela:ng to complaints, copyright, data breaches, health and safety, lone working, safeguarding, social media, staff reviews, and whistleblowing. The Trustees are sa:sfied that appropriate policies are in place and are being implemented, and will con:nue to keep these under regular review.

Administra?ve informa?on

St Thomas is situated in Oakwood, North London. The correspondence address is the Parish Administrator, Parish Office, St Thomas Church, Oakwood, London, N14 4SN. Registered Charity No. 1129369.

During the year, the following served as members of the PCC:-

Ex-officio members: Incumbent: Richard Alldritt (Chairman) Churchwardens: Andrew Lewis & Pippa Reid Deanery Synod: Andy Reid, Mohan Yogendran Elected members[1] Janelle Budinski Hannah Giles Chris Goodlad (Treasurer) Innocent Izamoje Harriet Mitchell Duncan Njoroge Elliot Owen Stella Roberts Ronke Omotoso Richard Stones Notes: 1 Based on our current electoral roll figures, the maximum number of elected representatives is 12.

Independent examiner: Clive Makombera Adopted by the PCC on 16 April 2026, and signed by the Chairman:

Richard Alldritt Vicar, St Thomas Oakwood

ANNUAL REPORT FOR YEAR ENDED 31[ST] DECEMBER 2025 CHURCH FABRIC, GOODS & ORNAMENTS

Church Fabric

There were no ‘major’ projects undertaken over the course of the last year. We did, however, install bollards in the car park following various security issues, repair some sec:ons of the church roof as well as insulate the Guide Hut ceiling.

In addi:on:

Insurance

The church and its contents con:nue to be adequately insured with ‘Congrega:onal and General’ which provides cover for property damage, employer liability, public liability, product liability and personal accident.

We wish to record our grateful thanks to those who con:nue to make sure that the church grounds and premises are safe and well maintained. Par:cular thanks goes to John Baxter for his ongoing exper:se and :reless contribu:on in this area of the life of our church.

Signed by the church wardens:

Andrew Lewis

Pippa Reid

ANNUAL REPORT FOR YEAR ENDED 31[ST] DECEMBER 2025 DEANERY SYNOD REPORT

The Deanery Synod normally meets three :mes during the year; mee:ngs are open to all members of the Anglican churches in Enfield.

March 2025

In March the Deanery met at St Peter and St Paul (Enfield Lock) for a lenten reflec:on.

July 2025

In July the Deanery met at St Peter’s Grange Park for a summer party.

Nov 2025

In November the Deanery met at St Paul’s Winchmore Hill for an address on racial jus:ce.

ANNUAL REPORT FOR YEAR ENDED 31[ST] DECEMBER 2025 SAFEGUARDING REPORT

Over the course of 2025 the PCC reaffirmed our Child Protec:on Policy, with Mandy McLean and Stella Roberts as our Safeguarding Officers and Harriet Mitchell as our Children’s Champion. Over the course of the year, we con:nued using the new Safeguarding Dashboard system working towards the various goals and ac:ons; a full ac:on plan has been approved, and the PCC have been updated at each mee:ng.

Trustees
Treasurer
Administrator		 Treasurer Treasurer Treasurer Treasurer Treasurer
Bookkeeper		 Wardens
Sidesmen
Service leaders		 Treasurer Trustees Treasurer
Trustees
Persons
responsible
Comments Trust that new
donors replace old.
Controls in place Treasurer monitors
quarterly gift aid
claim;
Office receives
confirmation email
from Charity
Commission		 PCC resolution.
Balance sheet
distributed with FCA
licence numbers.		 Regularly check
available deposit
rates.		 Difficult in practice. Difficult in practice. Excel spreadsheet,
Finance Co-ordinator
and bank statements
reconciled monthly.		 Cash counted by two
non-related people,
recorded in log book.		 Insurance in place Reserves in place for
building repairs.		 Finance always on
the agenda.
Staff hired only if
funding in place.
Controls Ensure all Charity Commission and
HMRC requirements are met.		 Invest only in FSCS protected accounts
up to the FSCS limit.		 Keep under review and switch funds if
necessary.		 Encourage major donors to give early
warning of any income reduction.		 Awareness of any dissatisfaction
which might lead to this event. Speak
to those involved.		 All transactions double booked, once
by the treasurer, and once,
independently, by the bookkeeper.
Daily limit on internet payments.		 Always put money in church safe.
Encourage direct payment or cheque
offerings.		 Arrange suitable insurance Reasonable contingency provisions. Regular reporting to the PCC.
Reserves for future liabilities, eg. staff
salaries and weekend away.
4 5 6 12 6 8 4 6 9 8
Risk
rating
4:1 5:1 2:3 3:4 3:2 4:2 2:2 3:2 3:3 4:2
Significance:
Probability
Event Loss of charity status with
subsequent loss of gift aid and
tax refunds		 Loss of capital through
inappropriate investing		 Reduction in investment
interest		 Loss of major donors within the
congregation		 Individuals withdrawing
financial support but remaining
within the church		 Fraud or theft of funds Theft of cash Other theft Unanticipated significant
increase in expenditure		 Unanticipated significant
decrease in income
1 2 3 4 5 6 7 8 9 10
Trustees
Treasurer		 Bookkeeper Trustees Bookkeeper
Treasurer		 Administrator
Church staff
Treasurer		 Treasurer
Vicar
Wardens		 Safeguarding
officers		 Trustees Last review: 16thMarch 2026
Next review: March 2027
Persons
responsible
Comments No formal process. No formal process.
Controls in place Decisions made by
PCC		 Use Finance Co-
ordinator		 Bookkeeper and
trustees given access
to key files, email
account and job list.		 Licenses and
insurance in place.		 Difficult in practice. Safeguarding is a
permanent agenda
item.
Frequent reminders
sent out to all
involved persons.
Controls Appoint suitable persons as
Bookkeeper, Treasurer & Independent
Examiner / Auditor
Report regularly to PCC on financial
position.		 Use standard package from
professional provider.		 General economic awareness. Wider access to key files; maintain job
list.		 Maintain licences and liability
insurance.		 Awareness of any developments
which might lead to this event.		 Safeguarding requirements monitored
and list of involved persons
maintained.		 Trustees aware of roles undertaken by
PCC (e.g. employer, landlord) and
associated responsibilities.
3 2 9 6 4 9 4 6
Risk
rating
3:1 2:1 3:3 2:3 4:1 3:3 4:1 3:2
Significance:
Probability
Event Inaccurate accounting Poor accounting systems Failure to respond to economic
changes and priorities		 Bookkeeper or Treasurer unable
to continue in role		 Imposition of financial penalties
(copyright infringement;
personal injury claims)		 Finances impacted by impaired
relationship with CofE		 Financial penalties due to
safeguarding issue		 Financial penalties due to a lack
of compliance (e.g. with
landlords’housing regulations)
11 12 13 14 15 16 17 18

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees: St Thomas Church Oakwood

On accounts for the year 31 December 2025 Ended:

Charity no:
1129369
Responsibilities and basis of report I report to the trustees on my
examination of the accounts of the
above charity (“the Trust”) for the
year ended 31/12/2025.
As the charity's trustees, you are
responsible for the preparation of the
accounts in accordance with the
requirements of the Charities Act
2011 (“the Act”).
I report in respect of my examination of the
Trust’s accounts carried out under section
145 of the 2011 Act and in carrying out my
examination, I have followed all the
applicable Directions given by the Charity
Commission under section 145(5)(b) 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
(other than that disclosed below *) which
gives me cause to believe that in, any
material respect:
•
the accounting records were not kept in
accordance with section 130 of the
Charities Act; or
•
the accounts did not accord with the
accounting records; or
•
the accounts did 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.
Name Clive Makombera
Signed
Date 27thApril 2026
Address 48 Claremont Road, London EN4 0HP

Section B: Disclosures

None to note

Accounting Framework

The Financial Statements of the PCC have been prepared using the accruals accounting basis in accordance with the following:

Accounts of St Thomas Church Oakwood

1st January 2025 to 31st December 2025

Statement of Financial Activities

2025 2024
Unrestricted Designated Restricted Endowment Total Total
Income and endowments
Donations and legacies 175,414 2,144 76,112 - 253,670 249,375
Charitable activities 1,207 - - - 1,207 377
Other trading activities 5,613 75,315 3,841 - 84,769 94,385
Investments - - 6,180 - 6,180 5,470
Other income - - - - - -
Total - Income and endowments 182,234 77,459 86,133 - 345,826 349,607
Expenditure
Support for charitable activities 18,516 10,965 2,828 - 32,309 27,834
Charitable activities 46,660 150,459 71,911 - 269,030 280,235
Total - Expenditure 65,176 161,424 74,739 - 301,339 308,069
Investment assets
Gains / (losses) on investment assets - - - - - -
Net income / (expenditure) before transfers 117,058 (83,965) 11,394 - 44,487 41,538
Transfers
Gross transfers between funds - in 2,242 114,206 2,435 - 118,883 132,557
Gross transfers between funds - out (112,703) - (6,180) - (118,883) (132,557)
Net movement in cash funds 6,597 30,241 7,649 - 44,487 41,538
Other recognised gains / (losses)
ReRevaluation of fixed assets - - - - - (30,000)
Net movement in funds 6,597 30,241 7,649 - 44,487 11,538
Total funds brought forward 1,128,282 133,042 36,067 - 1,297,391 1,285,853
Net movement in funds 6,597 30,241 7,649 - 44,487 11,538
Total funds carried forward 1,134,879 163,283 43,716 - 1,341,878 1,297,391

Balance Sheet

Fixed assets

Current assets

Current liabilities

Net current assets less current liabilities

As at 31st December 2025 2024
Total Total
Tangible assets 1,070,000 1,070,000
Investments 25,000 23,185
1,095,000 1,093,185
Cash at bank and in hand 175,744 138,473
Investments 60,328 58,188
Debtors 16,182 13,285
252,254 209,946
Creditors: Amounts falling due within one year - -
Provision for liabilities due within one year 5,376 5,740
5,376 5,740
246,878 204,206
1,341,878 1,297,391

Net total assets less total liabilities

Accounts of St Thomas Church Oakwood

1st January 2025 to 31st December 2025

Represented by
As at 31st December 2025 2024
Total Total
General fund
U-GNRLF General fund - buildings 1,070,000 1,070,000
U-GNRL General fund - cash 64,879 58,282
Designated funds
D-COMM Common Fund 53,360 50,310
D-MIND Ministry Staff - -
D-WKND Church Weekend Away 1,766 646
D-CHAR Charities and Missions 8,374 6,125
D-SMPE St Matthew's Ponders End 38,562 24,416
D-MSGR Short Term Mission Grants - 1,349
D-LGCY Legacies 2,736 1,226
D-CFRD Church Building Maintenance 10,832 11,426
D-HFGH Halls, Flat and Guide Hut 36,965 26,714
D-CRTH Curthwaite Gardens 750 1,361
D-GERR Gerrards Close 3,509 3,628
D-VCRG Vicarage 6,429 5,841
Restricted funds
R-CURA Curate - -
R-MINR Ministry Staff - 354
R-YTHW Youth Workers - -
R-TOMS St Thomas' Church Fund 13,973 12,320
R-SMPE St Matthew's Ponders End 13,888 7,189
R-EVAN Evangelism 1,921 1,921
R-HCFC @toms and Holiday Club - -
R-YGRP Youth Group - 125
R-HARD Hardship 12,690 12,630
R-MEMB Members' Fund 744 653
R-CONF Conference Fund - 500
R-CFRR Church Building Maintenance - 375
R-CROS Crosslinks - -
R-LEPR Leprosy Mission - -
R-MAHA Mahalir Aran Trust 500 -
R-FUND Fundraising events - -
R-INTR Bank interest - -
Funds of the church 1,341,878 1,297,391

Approved by the Parochial Church Council on

9 May 2026

And signed on its behalf by

Member

Chairman

Accounts of St Thomas Church Oakwood

1st January 2025 to 31st December 2025

Detailed Balance Sheet

Detailed Balance Sheet
As at 31st December 2025 2024
Total Total
Fixed assets
7ACUR 22 Curthwaite Gardens 740,000 730,000
7AGER 7 Gerrards Close 330,000 340,000
7AHFGH Halls, flat and guide hut - -
UNITED526 United Trust Bank May 2026 - 23,185
UNITED1027 United Trust Bank October 2027 25,000 -
Total - Fixed assets 1,095,000 1,093,185
Current assets
CASH Cash in hand 100 100
HSBC HSBC 125,644 88,373
CBFDEP CBF Deposit Fund 50,000 50,000
UNITED25 United Trust Bank October 2025 - 58,188
UNITED426 United Trust Bank April 2026 11,016 -
UNITED526 United Trust Bank May 2026 24,312 -
UNITED1026 United Trust Bank October 2026 25,000 -
ZHMRC HMRC Gift Aid claimed 13,744 10,983
Z05 Other debtors - -
ZPREPAY Prepayments 2,438 2,302
Total - Current assets 252,254 209,946
Current liabilities
Z04 Creditors: Amounts falling due within one year - -
9AACCRUE Provision for liabilities due within one year 5,376 5,740
Total - Current liabilities 5,376 5,740
Net total assets less total liabilities 1,341,878 1,297,391
Reserves
Starting balances 1,297,391 1,285,853
Surplus / (deficit) 44,487 41,538
Other gains / (losses) - (30,000)
Total reserves 1,341,878 1,297,391
Represented by
Assets Liabilities 2025 2024
Fixed Current Current Total Total
Unrestricted 1,075,966 61,454 2,541 1,134,879 1,128,282
Designated 15,014 150,976 2,707 163,283 133,042
Restricted 4,020 39,824 128 43,716 36,067
Endowment - - - - -
Total 1,095,000 252,254 5,376 1,341,878 1,297,391

Accounts of St Thomas Church Oakwood

1st January 2025 to 31st December 2025

Income and Expenditure

Income and Expenditure
2025 2024
Unrestricted Designated Restricted Endowment Total Total
Income and endowments
Donations and legacies
3APlanned giving 146,433 - 7,050 - 153,483 160,636
3AEnvelope Scheme 1,824 - 8 - 1,832 3,247
3ACash collections 2,668 - 1,307 - 3,975 2,763
3ASpecial collections - - - - - 528
3A
- Gift Aid income		 23,854 - 912 - 24,766 28,502
3BDonations 580 1,025 15,959 - 17,564 29,114
3BDiocesan Grant - - 6,846 - 6,846 -
3BLegacies - 1,000 - - 1,000 6,000
3BLondon Good Stewards Trust - - 42,000 - 42,000 15,320
3B
- Gift Aid income		 55 119 2,030 - 2,204 3,265
Total - Donations and legacies 175,414 2,144 76,112 - 253,670 249,375
Charitable activities
3CStatutoryFees 1,207 - - - 1,207 377
Total - Charitable activities 1,207 - - - 1,207 377
Other trading activities
3CHalls, flat and guide hut income - 52,743 - - 52,743 66,245
3CRent from 22 Curthwaite Gardens - 21,600 - - 21,600 20,400
3CRent from 7 Gerrards Close - - - - - -
3CSundry Receipts 5,384 972 3,841 - 10,197 7,659
3DOther FundraisingActivities 229 - - - 229 81
Total - Other trading activities 5,613 75,315 3,841 - 84,769 94,385
Investments
3EInterest on CBF deposit account - - 2,225 - 2,225 2,362
3EInterest on United Trust Bank - - 3,955 - 3,955 3,108
Total - Investments - - 6,180 - 6,180 5,470
Total - Income and endowments 182,234 77,459 86,133 - 345,826 349,607
Expenditure
Support for charitable activities
Staff
4A
Parish Administrator (church)		 9,388 - - - 9,388 8,991
2H
Parish Administrator (halls)		 - 9,388 - - 9,388 8,991
4A
Parish Assistant (church)		 3,242 - 388 - 3,630 1,144
2H
Parish Assistant (halls)		 - - - - - -
4A
Employer pension contribution (church)		 187 - - - 187 176
2H
Employer pension contribution (halls)		 - 187 - - 187 176
Other expenses
4A
Accountancy costs		 75 - - - 75 75
4B
Office telephone (church)		 288 - - - 288 232
2H
Office telephone (halls)		 - 288 - - 288 232
4B
Printing postage and stationery		 2,800 - - - 2,800 2,155
4A
Sundry expenses (church)		 2,536 747 2,440 - 5,723 5,131
2H
Sundryexpenses (halls)		 - 355 - - 355 531
Total - Support for charitable activities 18,516 10,965 2,828 - 32,309 27,834

Accounts of St Thomas Church Oakwood

1st January 2025 to 31st December 2025

2025 2024
Unrestricted Designated Restricted Endowment Total Total
Charitable activities
Staff
4A Common Fund - 50,310 - - 50,310 78,540
4A Vicar's expenses 256 - - - 256 992
4A Curate expenses 2,044 427 - - 2,471 1,946
4A Church music 1,035 - - - 1,035 7,645
4A Pastoral Associate 24,264 427 2,111 - 26,802 7,479
4A - employer pension contributions 544 - - - 544 150
4A Pastoral coordinator 644 20,345 - - 20,989 19,635
4A - employer pension contributions - 401 - - 401 378
4A Youth workers - - - - - 12,482
4A - employer pension contributions - - - - - 281
4A National Insurance - - - - - 1,387
Mission
4C St Matthew's Ponders End - 17,107 56,833 - 73,940 44,585
4C Crosslinks - 4,100 534 - 4,634 6,213
4C Friends International - 1,000 - - 1,000 1,000
4C Leprosy Mission - 500 - - 500 500
4C Mahalir Aran Trust - 2,000 2,450 - 4,450 8,544
4C OMF International - 2,000 - - 2,000 2,000
4C Pathway - 1,000 - - 1,000 500
4C Release International - 1,000 - - 1,000 1,000
4C Woodberry Recovery - 2,000 6,250 - 8,250 3,000
4C Other charitable giving 380 4,334 1,368 - 6,082 2,216
Buildings
4A Church building (insurance) 5,621 - - - 5,621 5,251
2H Halls, flat and guide hut (insurance) - 3,704 - - 3,704 3,435
4A Church building (maintenance) - 7,037 375 - 7,412 20,681
2H Halls, flat and guide hut (maintenance) - 4,650 - - 4,650 7,235
4A 22 Curthwaite Gardens 971 1,361 - - 2,332 1,330
4A 7 Gerrards Close 281 773 - - 1,054 1,208
4A Vicarage - 162 - - 162 106
Utilities
4A Energy (church building) 4,262 - - - 4,262 5,227
2H Energy (halls, flat and guide hut) - 7,641 - - 7,641 8,366
2H Water - 1,912 - - 1,912 1,183
4A Water (vicarage) 612 - - - 612 453
Other expenses
4A Church weekend away - 180 86 - 266 3,032
4A Cleaning (church building and grounds) 3,817 - - - 3,817 3,978
2H Cleaning (halls, guide hut and grounds) - 15,760 - - 15,760 14,738
2H Flat facilities - 175 - - 175 166
4A Outreach 154 123 - - 277 29
4A Parochial Fees - - - - - 20
4A Publicity 1,107 - - - 1,107 694
4A Sanctuary requisites 75 30 - - 105 40
4A Study resources 256 - - - 256 268
4A Youth and children's work 337 - 1,904 - 2,241 2,322
Total - Charitable activities 46,660 150,459 71,911 - 269,030 280,235
Total - Expenditure 65,176 161,424 74,739 - 301,339 308,069

Accounts of St Thomas Church Oakwood

1st January 2025 to 31st December 2025

Fund movement

Open Income Expenditure Transfers Revaluation Close
General fund (unrestricted)
U-General fund - buildings 1,070,000 - - - - 1,070,000
U-General fund - cash 58,282 182,234 65,176 (110,461) - 64,879
Total - General fund 1,128,282 182,234 65,176 (110,461) - 1,134,879
Designated funds (unrestricted)
D-Common Fund 50,310 - 50,310 53,360 - 53,360
D-Ministry Staff - 21,600 21,600 - - -
D-Church Weekend Away 646 647 927 1,400 - 1,766
D-Charities and Missions 6,125 - 15,951 18,200 - 8,374
D-St Matthew's Ponders End 24,416 - 17,107 31,253 - 38,562
D-Short Term Mission Grants 1,349 - 1,349 - - -
D-Legacies 1,226 2,144 634 - - 2,736
D-Church Building Maintenance 11,426 - 7,037 6,443 - 10,832
D-Halls, Flat and Guide Hut 26,714 53,068 44,117 1,300 - 36,965
D-Curthwaite Gardens 1,361 - 1,361 750 - 750
D-Gerrards Close 3,628 - 869 750 - 3,509
D-Vicarage 5,841 - 162 750 - 6,429
Total - Designated funds 133,042 77,459 161,424 114,206 - 163,283
Restricted funds
R-Curate - - - - - -
R-Ministry Staff 354 1,985 2,531 192 - -
R-Youth Workers - - - - - -
R-TSt Thomas' Church Fund 12,320 1,130 - 523 - 13,973
R-St Matthew's Ponders End 7,189 63,113 56,833 419 - 13,888
R-Evangelism 1,921 - - - - 1,921
R-@toms and Holiday Club - 564 1,790 1,226 - -
R-Youth Group 125 - 200 75 - -
R-Hardship 12,630 800 740 - - 12,690
R-Members' Fund 653 2,499 2,408 - - 744
R-Conference Fund 500 - 500 - - -
R-Church Building Maintenance 375 - 375 - - -
R-Crosslinks - 534 534 - - -
R-Leprosy Mission - - - - - -
R-Mahalir Aran Trust - 2,300 1,800 - - 500
R-Fundraising events - 7,028 7,028 - - -
R-Bank interest - 6,180 - (6,180) - -
Total - Restricted funds 36,067 86,133 74,739 (3,745) - 43,716
Total funds 1,297,391 345,826 301,339 - - 1,341,878

The Purposes of Designated and Restricted Funds

a) Repairs funds

The following funds are used for repairs, renewals and maintenance of the relevant buildings:

b) Staff funds

c) Other funds

Guidelines and Controls

a) Investment guidelines

b) Financial controls

c) Going concern

d) Reserves policy

Net Current Assets
Total Restricted Funds		 As at 31stDecember 2025 (£)
246,878
43,716		 As at 31stDecember 2024 (£)
204,206
36,067
Non-restricted reserves
(of which designated)		 203,162
163,283		 173,879
133,042

Accounting Policies

The accounts include all transactions for which the PCC can be held responsible. They do not include accounts of either any church group that owes an affiliation to another body or any group where total transactions of that group are deemed "not material" when considered as a proportion of the church's total transactions.

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

Expenditure is recognised once there is a legal or constructive obligation to make payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All figures presented in the accounts are rounded to the nearest pound.

a) Material sources of income

c) Debtors

d) Liabilities

c) Split costs

d) Valuation of fixed assets

g) Designations for future expenditure

Other Disclosures

a) Volunteers

General volunteers play a vital role in the organisation and running of services, teaching and outreach activities of the church. Given the absence of a reliable measurement basis, the contribution of general volunteers is not included as income in the accounts.

b) Trustees’ remuneration and benefits

A Common Fund contribution of £50,310 was paid to the Diocese of London in respect of the Vicar, Richard Alldritt. The Common Fund is administered by the Diocese of London to pay for, amongst other things, clergy stipends, National Insurance, Council Tax, pension contribution and the maintenance of vicarages.

For further details, including details of stipends and pension contributions, please visit:

https://www.london.anglican.org/church-and-parish-support/finance/common-fund/

No other trustee has been paid any remuneration or received any other benefits from an employment with this charity or any related entity.

c) Trustees’ expenses

Richard Alldritt and Ryan Scott had expenses reimbursed. Expenses totalled £3,725 and were for water bills, Council Tax bills and conferences.

d) Related party transactions

During 2025, the PCC received donations from trustees and close relatives totalling £61,490.

A grant of £1,000 was made to Matthew Lewis, the son of a trustee.

e) Audit, independent examination and other financial service fees

None.

f) Ex-gratia payments

None.

g) Staff costs and emoluments

Salaries (£) 60,918
Pension contributions (£) 3,077
Staff expenses (£) 4,709
Volunteer workers’ expenses (£) 2,011
Contract expenses (£) -
Indirect expenses (£) -
TOTAL (£) 70,715

h) Grants

Long-term mission
Short-term mission
Relief
Training		 Institutions (£)
61,594
-
628
-		 Individuals (£)
-
2,000
-
1,000		 TOTALS (£)
61,594
2,000
628
1,000
TOTALS 62,222 3,000 65,222

i) Agency collections

j) Material events subsequent to the end of the accounting period

None

ACCOUNTS OF ST MATTHEW'S PONDERS END

1st January 2025 to 31st December 2025

A. Statement of Financial Activities

A. Statement of Financial Activities
Income
Donations
Grants - London Diocesan Fund
Grants - London Good Stewards Trust
Grants - St Thomas Oakwood
Charitable activities
Other trading activities
Bank interest
Total
Expenditure
London Diocesan Fund
London City Mission
Ministry expenses
Insurance
Utilities
Start-up expenses
Repairs, renewals and maintenance
Bank charges
Total
Net movement in funds
Total funds brought forward
Net movement in funds
Total funds carried forward
B. Balance Sheet		 2025
2024
Unrestricted
Designated
Restricted
Total
Total
13,517
-
5,750
19,267
9,395
6,846
-
-
6,846
-
42,000
-
-
42,000
15,320
30,000
-
-
30,000
30,000
-
-
-
-
-
1,950
-
-
1,950
7,319
1,680
-
-
1,680
1,510
95,993
-
5,750
101,743
63,544
42,610
-
-
42,610
15,924
1,200
-
-
1,200
1,200
6,073
-
-
6,073
-
3,262
-
-
3,262
5,207
3,140
-
-
3,140
7,187
2,057
-
4,064
6,121
5,946
15,192
-
-
15,192
19,750
70
-
-
70
70
73,604
-
4,064
77,668
55,284
22,389
-
1,686
24,075
8,260
35,095
-
-
35,095
26,835
22,389
-
1,686
24,075
8,260
57,484
-
1,686
59,170
35,095
As at 31 December
2025
2024
St Matthew's CAF account
6,720
345
St Thomas's Designated Fund
38,562
24,416
St Thomas's Restricted Fund
13,888
7,189
Prepayments
-
3,145
Total
59,170
35,095
59,170
35,095

C. Restrictions

Bibles, chairs, lectern
Youth and children's work
Total		 Open
Income
Expenditure
Close
4,064
-
4,064
-
3,125
5,750
-
8,875
7,189
5,750
4,064
8,875