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2025-12-31-accounts

Parochial Church Council of Christ Church, Woking

Jubilee Square Woking Surrey GU21 6YG

Guildford Diocese

Annual Report & Accounts of the Parochial Church Council of the Ecclesiastical Parish of Woking, Christ Church Charity Number 1130005

Year ended 31 December 2025

Incumbent: Adrian Beavis

Christ Church Vicarage 10 Russetts Close Woking Surrey GU21 4BH

Auditors:

Shaw Gibbs (Audit) Limited Chartered Accountants and Statutory Auditors 264 Banbury Road Oxford OX2 7DY

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Parochial Church Council of Christ Church, Woking

The leadership team of the church present the Annual Report and Accounts for the year ended 31 December 2025. The accounts comply with current statutory requirements and the Statement of Recommended Practice “Accounting and Reporting by Charities (Revised 2015)”.

Governing Document: Parochial Church Council Powers Measure (1956) as amended and Church Representation Rules.

Area of benefit: Undefined, in practice, local.

Date Registered with Charity Commission: 5 June 2009

Classification

What : Education/training and Religious Activities.

Who: General Public / Mankind

How: Makes grants to organisations, provides buildings/facilities/open space and provides services.

The Parochial Church Council of the Ecclesiastical Parish of Woking, Christ Church (“PCC”) is a charity formerly excepted from registration with the Charity Commission but registered in June 2009, Charity Number 1130005. The PCC having responsibility together with the incumbent for the whole mission of the Church, met bi-monthly during 2025. It also has maintenance responsibility for the Church centre complex of Christ Church Woking.

Membership

Members of the PCC are effectively the charity trustees and are either ex officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. During the year, the following served as members of the PCC:

Position Name Dates
Ex-officio members Reverend Adrian Beavis
Vicar
Reverend Emma Dornan
Associate Vicar		 From Sept 2023
Reverend. Martin Smith
Non-stipendiary Minister
Reverend Phil Simpson
Non-stipendiary Minister
Wardens Michael Pearce From APCM April 2022 until April 2026
Sandra Anderson From APCM April 2024
Tom Griffiths From APCM April 2026
Deanery Synod Reps Beryl Keeley From APCM 2023 4thterm
Steve Morris* From APCM 2023 until April 2025
Steve Roberts* From APCM 2023 4thterm
Gordon McFarland* From APCM 2023 until end Dec 2025
Terry Garde From APCM 2024 1stterm
Peter Wichmann* From APCM 2025 1stterm
Roy Low From APCM 2026 1stterm
Elected Members Roy Low From April 2022 until Apr 2026
Ruth McHutchon From April 2023 1stTerm
Phil Jackson From April 2023 until Apr 2026
Ian Hood From April 2024 until Jan 2025
Liz Agar From April 2024 1stTerm

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Parochial Church Council of Christ Church, Woking

Andrew Olaye From April 2024 1stTerm
Rob White From April 2024 1stTerm
Candy Wong From APCM 2025 1stTerm
Anthony Spice From APCM 2025 1stTerm
Audrey Teow (Seat) From APCM 2026 1stTerm
Priyanka Paulson From APCM 2026 1stTerm
Mike Pearce From APCM 2026 2ndTerm
*Also elected to Diocesan Synod

At the Annual Parochial Church Meeting (APCM), held on 28 April 2025:

At the Annual parochial Church Meeting (APCM), held on 28 April 2026:

We thank them all for their willingness to stand and for faithful service to the PCC.

Structure, Governance and Management

The appointment of PCC members is governed by the Church Representation Rules, with the additional limitation passed at the APCM, that elected PCC members serve for a maximum of two continuous terms of three years. Thereafter, a person must stand down for at least one year. This does not apply to the Deanery and Diocesan Synod representatives who are elected on a regular three-year cycle. Christ Church Woking has been granted five Deanery Synod representatives, and their election took place at the APCM on the 24 April 2024. The next Deanery Synod elections will be in April 2026.

The church is heavily reliant upon the volunteer involvement of its members and in most areas the staff or members of the congregation are involved in the charitable activities. The church also chooses to give grants to selected partner organisations with similar aims.

The principal activities and achievements within the year are set out below. The PCC has complied with the duty in section 17(5) of the 2011 Charities Act to have due regard to guidance published by the Charity Commission regarding public benefit.

The PCC has considered the principal risks to which the church is exposed and are satisfied that appropriate risk management and internal controls systems and processes are in place to effectively manage these risks.

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Parochial Church Council of Christ Church, Woking

Purpose and Objectives

Christ Church Woking (CCW) PCC has the responsibility of supporting the incumbent in pursuing the vision of the charity in line with the church’s core values.

Our current vision goals are captured under our GROW30 document, which can be summarised as “Growing Higher, Wider, Further, Deeper, and more Global as we fulfil our calling to be a church sharing God’s heart in the heart of Woking. ”

As a church, our vision, mission and ministry are guided by our core values:

  1. WORSHIP CCW is called to be a place of passionate Spirit-filled, seeker-friendly worship, where we enjoy God’s presence and where those who do not yet know Jesus discover more of his love.

  2. WELCOME CCW is called to be a place where all people, irrespective of age, race, culture, or background, find a warm welcome, into the life of the church, a place of belonging, and a place to serve and use their giftings.

  3. WITNESS CCW is called to be a church that shares the love of Jesus Christ, in word and in action, both sharing the good news of Jesus in words, and showing the good news of Jesus in action.

  4. WALKING WITH JESUS CCW is called to be a church where every member, whatever age, grows as a disciple of Jesus, growing closer to Jesus, growing more like Jesus, and going more for Jesus.

5. WOKING & THE WORLD CCW has a unique calling as a witness for Christ in Woking Town Centre, to support our local partner churches and reach the increasing global Woking community. We are called to support Christ’s global church by supporting our Mission Partner Families and Organisations.

The PCC has responsibility for the stewardship of the Parish Church, its offices and rooms, plus Orchard Drive, a church-owned property currently occupied by the Associate Vicar. CCW employs a staff team and is significantly supported by volunteers contributing to many areas across men and women’s groups, prayer support, Life Groups , children’s and youth work, hospitality, music and worship, finance, buildings operations and maintenance and information and technology services.

Review of the year

2025 was dominated by the Gateway redevelopment project, which began officially by ‘breaking ground’ in January. The church, café and bookshop businesses closed in March and Sunday services began in late March 2025 at offsite venues. At the date of this report, the project was progressing on time and on budget with completion expected summer 2026.

The Gateway project has involved several related threads. As the businesses closed, a café furlough scheme enabled contracted café staff to remain on the payroll with 50% of salary covered during the closure. Phil Perello continued as bookshop manager during closure, with the bookshop business moving online and offsite, with several pop-up bookshops opening locally and festival event sales providing smaller but regular income. The café and bookshop reopened at the end of November in time for Christmas.

Worship

Sunday worship life moved offsite with morning services taking place at Nova Cinema, with C4 and Kids Church breakout groups taking place around the cinema and in Italia Conti ballet school. Evening services were at St Andrew’s Goldsworth Park, with the pre-service C4: Ignite group meeting in the church’s Andy’s Café.

Each off-site location has had to be hired, with dedicated set-up and set down teams serving to make this all happen. Although this has added significant workload to worship, Audio Visual and Welcome teams, our volunteers have served with enthusiasm and commitment.

Congregation attendance numbers overall have remained stable with the 6.30pm service, in particular, having seen growth. This service, overseen by Emma Dornan Associate Vicar, has developed a much-appreciated mix of space for worship and community connection with monthly social events. Several attendees of the church’s pre-offsite 9am service have joined this evening service as well as other locals. However, some church members have struggled with the disruption, indicating they will return when the project completes. See service attendance figures for further details.

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Parochial Church Council of Christ Church, Woking

Midweek Ministry

With our main church premises closed, midweek ministry was more challenging. Midweek C4 and Kids Hubs and Monthly Prayer Gathering moved to hired offsite locations, whilst the Sunbeams playgroup that connects with community families closed with the aim of restarting April 2026.

The weekly Warm Space moved into the Maybury Centre and then Woking library, before returning to the café in November. Meanwhile Men and Women’s Ministry continued by meeting locally mainly homes and restaurants. Sarah Goddard, the Christians Against Poverty (CAP) manager continued community ministry offsite. Her ministry is funded from the restricted CAP fund. During the year sixteen families receiving dedicated CAP support, with four people achieving debt-free status.

Gateway has meant increased ministry costs for off-site hire, storage of items in the Peacock’s Centre, and the furlough scheme resulting in the significant unrestricted fund deficit for 2025.

Mission partners

Throughout 2025 we continued our support for our various Mission Partners, through the First Fruits Fund which designates 5% of the previous year’s unrestricted giving for core mission partner families including Turning Point in Kenya, and through our Isaiah Fund .

Our Isaiah Fund receives 50% of Sunday collections each week with the other 50% going to fund offsite costs. The Isaiah Gift Day raised approximately £36k including Gift Aid, to our support twelve Mission Organisations and several one-off personal grants for short term mission trips. Four Mission Partners (Turning Point, Bethesda Life Centre, Christians against Poverty and York Road Project) also received 10%, in aggregate approximately £20k, of gifts given at the October Gateway Gift Day. Taken together the First Fruits Fund, Isaiah Fund, and October Gateway 10% Tithe, £103k was sent to our Mission Partners in 2025. See Note 13: Grants for further detail.

Funds and fundraising

Fundraising has been a significant part of 2025, especially for the Gateway fund. The Gateway finance team were successful with various grant fund applications. There was also a dedicated Gateway Gift Day in October, which raised around £200k in gifts and pledges net of the 10% Mission Tithe noted above (these are shown in the Gateway Restricted Fund line).

It is encouraging that, despite the disruption and fundraising challenges, our regular congregational giving has remained stable. However, with the costs of offsite hire, storage, and the furlough scheme, and the beginning of the major building spend for Gateway, much of our cash reserves in both restricted and unrestricted funds have been drawn on.

The aim for 2026 will be to replenish these unrestricted funds as spending gradually returns to normal with the Gateway project completing and as income streams such as conferencing/room hire income and the café and bookshop return to full business operations.

To ensure adequate funding for the Gateway project, a mortgage facility of £600k was approved and arranged with Kingdom Bank, borrowed against Orchard Drive, the property owned by the PCC. In late 2025, £200k was drawn down from this with a further £200k was drawn down in Feb 2026.

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Parochial Church Council of Christ Church, Woking

Safeguarding

Safeguarding is an essential part of our church life ensuring that all our work with children, young people, and vulnerable adults operates in a safe and secure manner, and that all volunteers are properly trained in safeguarding matters and are vetted and properly checked.

Our Parish and Children’s Safeguarding Officer is Rachel Allen, and our Vulnerable Adults Safeguarding Officer is Sarah Goddard. Supported by the Safeguarding Team consisting of the Vicar, Associate Vicar, Youth Pastor, Children’s Pastor, they ensure that over 100 volunteers are appropriately trained and vetted.

During the year we conducted a “Safer Churches” review with the PCC of our policies and practises, to ensure we have best practise in all areas. We are now at 97% compliance on the Diocesan Dashboard, one of the best results in the diocese.

Buildings

The Gateway project aims to redevelop the whole church site, with every system and room being updated together with a new Youth and Community extension. The project will deliver the following key elements:

We continue to be amazed at how much God has done through us as a church, provided for us as a church, and continues to call us to do in the years ahead. We have truly seen the living out of our verse for the year, “He is able to do immeasurably more than all we ask or imagine!” (Ephesians chapter 3 verse 20)

Revd Adrian Beavis, Vicar of Christ Church Woking, Chair of Christ Church Woking PCC

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Parochial Church Council of Christ Church, Woking

Sunday service attendance statistics 2025

Average
attendance
figures		 Adults Adults Youth (Y) and children (C)c Youth (Y) and children (C)c Youth (Y) and children (C)c Youth (Y) and children (C)c
Servicea 2019c 2021b 2022 2023 2024 2025 2019 2021 2022 2023 2024 2025
9:00 am 10 42 44 46 50 51 - - - - - -
10.30 am 188 109 132 152 138 141 70 Y 13
C 45		 Y 16
C 46		 Y 16
C 54		 Y 13
C 54		 Y 13
C 41
10:30 am
Onlined		 - 80 79 98 80 94 - - - - - -
6.30pmc 61 60 56 54 69 66 - - Y 6 Y 13 Y 10 Y 5

Notes:

a From 2021 morning services changed to 9.00am and 10.30am

b 2020 attendance figures not reported due to Covid-19 pandemic which also impacted early 2021 figures

c No youth/children to report on in 2021 for 6.30pm due to few and irregular numbers

d Online worship service attendance figures represent viewing figures across each full Sunday

e In 2025 services were in the building January to mid-March at which point we then moved out for the Gateway project. For the remainder of the year 10.30am and 6.30pm services were held offsite at Nova Cinema & St Andrew’s with 9am suspended. The 9am service average is taken from January to March attendance and the 10.30am and 6.30pm service averages taken from usual October count.

Financial Review

The financial statements provide a consolidated view on the activities of the Church covering its mission, ministry and operational businesses. The Review of the Year report above describes the full range of events and activities that the Church has undertaken and been involved in during 2025.

That said, the Church has been blessed with sustained strong regular giving for continuing activities and one-off donations particularly for our Gateway church premises redevelopment project.

Total income increased £567k to £2,243k (2024: £1,676k) including associated income tax recoveries due to greater donations received in 2025 for the Gateway project. Unrestricted fund income from donors was £495k unchanged from 2024. Restricted funds income from donations increased to £1,107k compared to £428k in 2024. The majority of this was received from a Gateway Project specific gift day in October, and in total Gateway donations amounted to £1,524k (2024: £562k).

Interest received on cash deposits decreased to £48k (2024: £65k) due to the lower balances on deposit due to expenditure on the Gateway project. See note 2 Income and Endowments for further information.

Grants made from designated and restricted funds, including our Isaiah Fund, totalled £103k (2024: £77k). The First Fruits designated grants fund comprises 5% of the previous year’s unrestricted donations and therefore for 2025 at £24k was unchanged compared to 2024. Payments over £1k were made to 17 (2024: 14) partner organisations. See note 13 Grants for further information.

Total expenditure, excluding grants, Café and bookshop costs, amounted to £575k significantly lower compared to 2024 at £636k mainly due to the cessation of the business activities between March and November. Given the start of the

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Parochial Church Council of Christ Church, Woking

Gateway project expenditure amounted to £4,015k (2024: nil). In line with the accounting policy this has been expensed rather than capitalised because the church is a consecrated building.

Business activities income from the café, bookshop and conferencing room hire amounted to £137k (2024: £517k) a decrease of £380k with all three activities ceasing activity in March due to the Gateway development project starting. The café and bookshop reopened in late November 2025. The loss from the café and bookshop after all associated costs was £82k compared to breakeven in 2024. This loss was driven primarily due to the furlough scheme for retained staff, redundancy costs and operational losses in the open periods. Revenue income from conferencing room hire was £8k compared to £96k in 2024.

Total net outgoing resources before taxation for the group were £2,654k (2024: £547k inflow) primarily due to the net outflow of donations and expenditure on the Gateway project.

Fixed asset expenditure was £7k (2024: £2k) related to equipment for the business activities.

Net current assets of the group decreased by £2,395k to £604k (2024: £2,999k) primarily due to the expensing of prior year Gateway prepayments, spend on the project reducing cash and deposit balances plus amounts payable to the Gateway project contactor. Amounts due after one year represent the new bank mortgage drawdown and Gateway project retention totalling £241k (2024: nil). Net asset balances included cash and deposit balances of £627k (2024: £2,022k), income tax recoverable of £51k (2024: £26k) and VAT recoverable £137k (2024: nil).

Total net assets and reserve funds at year end were £500k compared to £3,155k in 2024 primarily reflecting the movements in net assets described above.

Unrestricted funds decreased to a surplus of £457k (2024: £1,327k surplus) as a result of the loss from activities during the year and the net impact of expensing the Gateway project. From a balance sheet perspective this is represented mainly by the reduction in cash balances spent and mortgage raised on the Gateway project. At the year end the unrestricted reserves, excluding long term fixed assets and the mortgage liability due after one year, were £39k (2024: £320k) which is the equivalent of 19 days (2024: 119 days) of corresponding unrestricted expenditure – see note 8 for further details. The unrestricted funds at the end of the year are in line with the PCC prior forecasts and therefore is well understood. That said, during 2026 funds will be therefore carefully managed with the medium-term objective to increase reserves to a 30 to 90 day range.

Designated funds were £26k compared to £129k in 2024, a decrease of £103k. The restricted funds decreased by £1,682k to £18k from £1,700k. For both funds the decreases were mainly due to expensing and transfer of Gateway funds to unrestricted fund in order to complete the project in 2026.

Remaining designated and restricted funds were reviewed to ensure they continued to meet their intended purposes. Where these purposes were complete, then appropriate transfers were made to other restricted funds of the same or similar nature which have current activities that require funding. All balances remaining in designated and restricted funds at the end of the year are funded solely by cash balances.

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with the applicable accounting standards and the Charities Statement of Recommended Practice (SORP) 2015, Accounting and Reporting by Charities.

On behalf of the PCC

Adrian Beavis Rob White Vicar Treasurer

Dated 20 April 2026

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Parochial Church Council of Christ Church, Woking

Statement of Responsibilities of Members of the PCC

The trustees (Members of the PCC) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of Church Accounting Regulations 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Dated 20 April 2026 By order of the PCC

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Parochial Church Council of Christ Church, Woking

Auditors’ Report

Independent Auditor’s Report to the Members of Christ Church Woking Parochial Church Council (the PCC)

Opinion

We have audited the financial statements of the PCC and its subsidiary (the group) for the year ended 31 December 2025 which comprise the Consolidated Statement of Financial Activities, the Consolidated and Company Balance Sheet, the Consolidated Cash Flow Statement and the notes to the financial statements on pages 16 to 29. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’.

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Other information

The members of the PCC are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

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Parochial Church Council of Christ Church, Woking

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of the members of the PCC

As explained more fully in the Statement of Responsibilities of Members of the PCC set out on page 9, the members of the PCC are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the members of the PCC are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the members of the PCC either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The extent to which the audit was considered capable of detecting irregularities including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

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Parochial Church Council of Christ Church, Woking

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the members of the PCC and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

Use of our report

This report is made solely to the members of the PCC, as a body, in accordance with Chapter 4 of the Charities Act 2006. Our audit work has been undertaken so that we might state to the members of the PCC those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the PCC and the members of the PCC as a body, for our audit work, for this report, or for the opinions we have formed

Shaw Gibbs (Audit) Ltd., Statutory Auditor 264 Banbury Road Oxford OX2 7DY Date 22 Apr 2026

Andrew Hodgetts (Senior Statutory Auditor) For and on behalf of Shaw Gibbs (Audit) Ltd.

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Parochial Church Council of Christ Church, Woking

Consolidated Statement of Financial Activities

For the year ending 31 December 2025

Note
INCOME AND ENDOWMENTS
FROM
Donations from donors
2a
Other donations and legacies
2b
Incoming resources from operating
activities:
-
To further the Council’s
objectives
2c
-
Income from investment
2d
TOTAL INCOME AND
ENDOWMENTS
EXPENDITURE ON
Grants
3a
Activities directly related to the work
of the church
3b
TOTAL RESOURCES EXPENDED
NET (EXPENSE)/INCOME
Taxation
12
Transfer between funds
8
NET MOVEMENT IN FUNDS
BALANCES B/F AT 1 JANUARY
14
BALANCES C/F AT 31
DECEMBER		 Unrestricted
Funds
Designated
Funds
Restricted
Funds
Total Group
Funds 2025
Total Group
Funds 2024
£
£
£
£
£
494,748
-
1,106,956
1,601,704
923,154
305
-
456,247
456,552
170,845
-
-
136,695
-
-
136,695
516,796
2,079
-
45,881
47,960
65,292
633,827
-
1,609,083
2,242,910
1,676,087
-
23,690
79,528
103,218
76,704
739,187
13,555
4,040,499
4,793,241
1,052,065
739,187
37,245
4,120,027
4,896,459
1,128,769
(105,360)
(37,245)
(2,510,944)
(2,653,549)
547,318
(1,081)
-
-
(1,081)
(6,379)
(763,398)
(65,951)
829,349
-
-
(869,840)
(103,196)
(1,681,595)
(2,654,631)
540,939
1,326,562
128,921
1,699,624
3,155,107
2,614,168
456,722
25,725
18,029
500,476
3,155,107

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Parochial Church Council of Christ Church, Woking

Balance Sheets as at 31 December 2025

Note
FIXED ASSETS
Tangible Fixed assets
7
Investment Assets
7
CURRENT ASSETS
Stock
Debtors
9
Short Term deposits
Cash at Bank and in Hand
LIABILITIES: AMOUNTS FALLING DUE
WITHIN ONE YEAR
10
NET CURRENT ASSETS
LIABILITIES: AMOUNTS FALLING DUE
AFTER ONE YEAR
10
NET ASSETS
FUNDS
8
Unrestricted
Designated
Restricted		 Group 2025
Group 2024
PCC 2025
PCC 2024
£
£
£
£
137,383
156,056
137,383
147,431
-
-
7
7
-
-
-
-
137,383
156,056
137,390
147,438
74,676
92,894
-
-
313,381
966,586
422,225
1,143,445
8,761
1,410,186
-
1,365,209
618,619
611,710
587,138
587,717
1,015,437
3,081,376
1,009,363
3,096,371
411,257
82,325
405,183
56,553
604,180
2,999,051
604,180
3,039,818
241,087
-
241,087
-
500,476
3,155,107
500,483
3,187,256
456,722
1,326,562
456,729
1,358,711
25,725
128,921
25,725
128,921
18,029
1,699,624
18,029
1,699,624
500,476
3,155,107
500,483
3,187,256

The notes on pages 16 to 29 form part of these accounts.

Approved by the Parochial Church Council on 20 April 2026 and signed on its behalf by:

Adrian Beavis Vicar

Mike Pearce Church Warden

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Parochial Church Council of Christ Church, Woking

.

Parochial Church Council of Christ Church, Woking Statement of Cash Flows for the year ended 31 December 2025

Note
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash (used)/generated from operating activities
A
CASH FLOW FROM INVESTING ACTIVITIES
Interest received
Expenditure on capital items
Net cash used for investing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting period
Cash and cash equivalents at the end of the reporting period
Classified on the balance sheet as:
Short term deposits
Cash at Bank and in hand		 2025
£
(1,435,378)
47,960
(7,098)
40,862
(1,394,516)
2,021,896
627,380
8,761
618,619
627,380		 2024
£
224,487
65,292
(1,808)
63,483
287,970
1,120,062
2,021,896
1,410,186
611,710
2,021,896

NOTES TO THE STATEMENT OF CASH FLOWS:

A. RECONCILIATION OF NET INCOME TO NET CASH GENERATED FROM OPERATING ACTIVITIES

Net (deficit)/surplus for the year
Interest received
Depreciation of tangible assets
(Increase)/decrease in debtors
(Increase)/ decrease in stock
(Decrease)/ increase in creditors
NET CASH (USED)/GENERATED FROM OPERATING
ACTIVITIES		 2025
£
(2,654,631)
(47,960)
25,771
653,205
18,218
570,019
(1,435,378)		 2024
£
540,939
(65,292)
20,612
(280,286)
1,284
7,230
224,487

15

Parochial Church Council of Christ Church, Woking

Notes to the Financial Statements

For the year ended 31 December 2025

1. Accounting Policies

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together 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) (effective 1 January 2019). Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011.

The financial statements have been prepared under the historical cost convention except for the revaluation of certain fixed assets and include the results of the church and of its subsidiary company, Origin Books & Media Limited.

Funds

Unrestricted funds represent the funds of the PCC that are not subject to any restriction regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted. The income into restricted funds is restricted by the donors.

The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members.

Income and endowments

Voluntary income and capital sources

Other ordinary income

Income from investments

Gains and losses on investments

Consolidation

The results of Origin Books & Media Ltd for the year ended 31 December 2025 have been consolidated on a lineby-line basis. The company is limited by shares and under the control of the church.

16

Parochial Church Council of Christ Church, Woking

1. Accounting Policies (continued)

Expenditure

Grants

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.

Activities directly relating to the work of the church

The Diocesan Parish Share is accounted for when payable.

Operating Leases

Rentals paid under operating leases are charged to the statement of Financial Activities when incurred under the terms of the rental agreement.

Pensions

The church operates a stakeholder pension scheme, matching employee contributions up to 5% of salary. Contributions payable for the year are charged in the statement of financial activities .

Fixed Assets

Consecrated land and buildings and movable church furnishings

Consecrated and beneficed property is excluded from the accounts by s.96(2)(a) of the Charities Act 1993.

No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed.

Unconsecrated land and buildings

Unconsecrated land and buildings are recorded at cost, or, if acquired prior to 1 January 1995, at market value as at 1 January 1995. Depreciation is charged on buildings on a straight-line basis over the currently anticipated useful economic life of fifty years.

Tangible fixed assets

Depreciation is calculated to write off the cost of fixed assets over their estimated useful lives by equal instalments with a full annual charge in the year of acquisition. Assets under £500 are not capitalised. The principle useful economic lives applied in calculating depreciation are as follows:

Freehold land and buildings Over 50 years Furniture and Fittings Over 10 years Equipment Over 4 years

Investments

Investments are valued at market value at the balance sheet date.

Current Assets

Taxation

Corporation tax is chargeable on the profit earned from the conferencing business, unless the turnover is below the small trading exemption limit.

17

Parochial Church Council of Christ Church, Woking

2. Income and endowments from

2(a) Voluntary Income from donors
Planned Giving
Gift Aid donations
Income Tax recoverable
Other planned giving
2(b) Other voluntary income
Grants
Legacies
Children’s ministry income
Youth ministry income
Other Income
2 (c) Church Activities
Café
Bookshop
Conferencing room hire
Rental income
Fees
2 (d) Income from Investments
Interest
TOTAL INCOMING RESOURCES
3. Expenditure on
3(a) Grants
Missionary and Charitable Giving
Church overseas
-
Missionary societies
-
Relief and development agencies
Home missions and church societies		 Unrestricted
funds
Designated
Funds
Restricted
Funds
2025
2024
£
£
£
£
£
273,766
-
678,214
951,980
593,000
88,470
-
169,550
258,020
164,651
132,512
-
259,192
391,705
165,502
494,748
-
1,106,956
1,601,704
923,154
-
305
-
456,247
456,552
149,226
-
-
-
-
-
-
-
-
-
20
-
-
-
-
21,579
-
-
-
-
20
305
-
456,247
456,552
170,845
-
54,952
-
-
54,952
273,535
74,014
-
-
74,014
146,050
7,549
-
-
7,549
95,509
0
-
-
0
0
180
-
-
180
1,703
136,695
-
-
136,695
516,796
-
2,079
-
45,881
47,960
65,292
2,079
-
45,881
47,960
65,292
-
633,827
-
1,609,083
2,242,910
1,676,087
Unrestricted
funds
Designated
Funds
Restricted
Funds
2025
2024
£
£
£
£
£
-
14,060
28,260
42,320
33,831
-
2,400
4,185
6,585
5,627
-
7,230
47,083
54,313
37,246
-
23,690
79,528
103,218
76,704

18

Parochial Church Council of Christ Church, Woking

3. Expenditure on (continued)

3(b) Activities directly relating to the work of the Church

Ministry:
Diocesan parish share
Teaching and Ministry
Clergy expenses
Clergy housing
Church running expenses:
Utilities
Insurance
Maintenance
Conferencing
Church centre costs
Other Ministry:
Children’s Ministry salaries
Children’s Ministry expenses
Youth Ministry salaries
Youth Ministry expenses
Pastoral Ministry salaries
Pastoral Ministry expenses
Outreach expenses
Church services
Christians Against Poverty salaries
Christians Against Poverty expenses
Bookshop
Café
Gateway expenditure
Printing, postage and stationery
Administration salaries
Telephone and communication costs
Bank charges
Accountancy Fees
Staff training and HR expenses
Depreciation
Auditor’s remuneration
Mortgage interest
TOTAL EXPENDITURE		 Unrestricted
funds
Designated
Funds
Restricted
Funds
2025
2024
£
£
£
£
£
126,919
-
-
126,919
119,566
41,160
-
-
41,160
39,834
1,554
-
-
1,554
3,372
826
7,242
-
8,068
6,057
-
27,192
-
-
27,192
48,329
10,030
1,146
-
11,176
10,861
11,555
-
-
11,555
47,422
2,316
-
-
2,316
3,793
72,513
-
-
72,513
89,626
-
-
37,636
-
-
37,636
36,916
4,813
-
-
4,813
4,192
37,723
-
-
37,723
37,181
4,070
-
-
4,070
7,405
37,384
-
-
37,384
35,974
1,647
-
2,240
3,887
665
1,736
-
2,181
3,917
30,383
31,115
-
864
31,979
2,708
-
-
16,207
16,207
19,523
-
-
3,747
3,747
5,465
93,976
-
93,976
153,784
108,702
-
108,702
263,492
-
-
4,015,260
4,015,260
74
1,616
-
-
1,616
3,321
19,936
-
-
19,936
24,213
14,572
5,167
-
19,739
14,668
2,473
-
-
2,473
3,436
701
-
-
701
263
6,019
-
-
6,019
5,639
25,772
-
-
25,772
20,613
14,057
-
-
14,057
13,223
1,174
-
-
1,174
-
739,187
13,555
4,040,499
4,793,241
1,052,065
739,187
37,245
4,120,027
4,896,459
1,128,769

The Gateway expenditure of £4,015k represents the redevelopment project spend incurred during the year on the church building including the prepayments as at 31 Dec 2024. This is expensed in line with the accounting policy for consecrated land and buildings.

19

Parochial Church Council of Christ Church, Woking

4. Staff Costs

4. Staff Costs
Wages and Salaries
Pension Costs
Social Security Costs		 Group 2025
Group 2024
£
£
312,682
416,372
23,680
19,337
11,034
27,577
347,396
463,286

Average number of full time and equivalent employees

Youth Ministry
Pastoral Ministry
Children’s Ministry
Worship Ministry
Church Centre
Administration
Christians Against Poverty
Bookshop
Café		 1.0
1.0
2.0
2.0
1.0
1.0
1.0
1.0
1.8
1.6
1.1
1.9
0.4
0.5
1.0
1.6
2.7
4.9
12.0
15.5

There were no employees with emoluments in excess of £60,000 for the year.

5. Members Expenses

Expenses have been paid to the clergy members of the PCC in connection with the carrying out of their office. These include travel and subsistence, postage and telephone, training and books, and hospitality. A total of £307 was paid in the year (2024: £267).

No other payments or expenses were paid to PCC members, persons closely connected to them or related parties.

6. Related Party Transactions

Intercompany

At 31 December 2025 there was an outstanding balance due from its subsidiary Origin Books and Media Limited £63,014 (2024: £63,014). No interest is charged on this loan and it is the intention of the church to continue to support its subsidiary.

This balance of £63,014 is part of the total intercompany balance owed to the PCC shown in Debtors note 9.

20

Parochial Church Council of Christ Church, Woking

7. Fixed Assets for use by the PCC

TANGIBLE FIXED ASSETS Freehold
Land and
Buildings
Equipment
Furniture and
Fittings
Total
Group £
£
£
£
Cost
At 1 January 2025 210,000
152,281
372,326
734,607
Additions -
7,098
-
7,098
Disposals -
(124,451)
(295,018)
(419,469)
At 31 December 2025 210,000
34,928
77,308
322,326
Depreciation
At 1 January 2025
Charge for the Year
Disposals
At 31 December 2025
Net Book Value At 1 January 2025
Net Book Value At 31 December 2025
PCC
Cost
At 1 January 2025
Additions
Disposals
At 31 December 2025
Depreciation
At 1 January 2025
Charge for the Year
Disposals
At 31 December 2025
Net Book Value At 1 January 2025
Net Book Value At 31 December 2025		 99,400
139,214
339,937
578,551
-
14,842
10,929
25,771
-
(124,451)
(295,018)
(419,469)
99,400
29,605
55,848
184,853
110,600
13,067
32,389
156,056
110,600
5,323
21,460
137,383
210,000
124,451
335,430
669,881
-
7,098
-
7,099
-
(124,451)
(295,018)
(419,469)
210,000
7,098
40,412
257,510
99,400
119,243
303,806
522,449
-
6,983
10,164
17,147
-
(124,451)
(295,018)
(419,469)
99,400
1,775
18,952
120,127
110,600
5,207
31,624
147,431
110,600
5,323
21,460
137,383

Freehold land and buildings represent the church premises and a property that is currently used by the Associate Vicar in Orchard Drive, Woking. The deemed cost is the PCC’s estimate of market value in 1995 when this asset was first recognised in the accounts. The recoverable market value is considered as higher than the carrying value and so no depreciation is charged.

Investment Fixed Assets

The entire share capital of Origin Books & Media Limited, under former name Beacon (Christ Church) Limited, was acquired on 2 January 2004 for the nominal value of £1 per share.

21

Parochial Church Council of Christ Church, Woking

8. Analysis of Net Assets by Fund

Group
Fixed Assets
Current Assets
Current Liabilities
Long term liabilities
Funds Balance at 31 December 2025
PCC
Fixed Assets
Current Assets
Current Liabilities
Long term liabilities
Funds Balance at 31 December 2025		 Unrestricted
Funds
Designated
Funds
Restricted
Funds
Total Funds
£
£
£
£
137,383
-
-
137,383
971,683
25,725
18,029
1,015,437
(411,257)
-
-
(411,257)
(241,087)
-
-
(241,087)
456,722
25,725
18,029
500,476
137,390
-
-
137,390
965,609
25,725
18,029
1,009,363
(405,183)
-
-
(405,183)
(241,087)
-
-
(241,087)
456,729
25,725
18,029
500,483

At year end Group Unrestricted Net Current Assets, net of amounts allocated to Gateway, were £38,773 (2024: £319,756) being Current Assets £971,683 (2024: £1,258,574) less amount allocated for Gateway of £521,653 (2024: £850,750) less Current Liabilities £411,257 (2024: £82,326).

These reserves represented 19 days (2024: 119 days) of Unrestricted Expenditure as shown in the statement of financial activities £38,773 / £739,187 x 365 (2024: £319,756 / £980,535 x 365).

22

Parochial Church Council of Christ Church, Woking

8. Analysis of Funds

Designated funds1
Designated Grants
Subtotal Charity and Mission
Cyclical Repairs
Orchard Drive/Vicarage
Gateway Project
Subtotal Buildings
Total Designated funds
Restricted Funds1
Restricted Grants
Henry Smith2
Healing on the Streets
Christians Against Poverty and
Community Fund
Besom
Overseas and Youth mission
Subtotal Charity and Mission
Vicar’s Pastoral3
Warm Welcome Space
Subtotal Ministry
IT and audio visual
Subtotal Equipment
Gateway Project
Subtotal Buildings
Total Restricted Funds		 Balance at 1
January 2025
Incoming
Resource
Resource
Expended
Transfer
between
funds
Balance at 31
December
2025
891
-
(23,690)
24,249
1,451
891
-
(23,690)
24,249
1,451
-
16,059
-
(5,167)
600
11,492
12,271
-
(8,388)
8,900
12,783
99,700
-
(99,700)
-
128,030
-
(13,555)
(90,200)
24,275
128,921
-
(37,245)
(65,951)
25,725
Balance at 1
January 2025
Incoming
Resource
Resource
Expended
Transfer
between
funds
Balance at 31
December
2025
7,877
60,194
(65,474)
-
2,597
2,857
1,975
(1,982)
-
2,850
-
275
(129)
225
371
-
22,562
(19,954)
-
2,608
99
-
-
(99)
-
5,196
-
-
-
5,196
16,029
85,006
(87,539)
126
13,662
3,086
-
-
-
3,086
2,431
49
(934)
(225)
1,321
5,517
-
(934)
(225)
4,407
10,302
-
(314)
(9,988)
-
10,302
-
(314)
(9,988)
-
1,667,776
1,524,028
(4,031,240)
839,437
-
1,667,776
1,524,028
(4,031,240)
839,437
-
1,699,624
1,609,083
(4,120,027)
829,349
18,029

1 The Designated and Restricted Grants funds are for missionary and charitable giving. 2 The Henry Smith Charity fund is used by the vicar for those in need – restricted to a specific geographic area. 3 The Pastoral fund includes gifts for pastoral activity, including church events.

PCC designated and restricted funds are as Group funds.

23

Parochial Church Council of Christ Church, Woking

9. Debtors

Income Tax Recoverable
VAT recoverable
Amounts due from Group Undertaking
Prepayments and Accrued interest
Gateway Prepayments
Other Debtors		 Group 2025
Group 2024
PCC 2025
PCC 2024
£
£
£
£
51,222
26,330
51,222
26,330
136,602
139,925
-
-
-
105,738
177,882
1,990
1,860
1,990
1,860
-
850,750
-
850,750
123,567
87,646
123,350
86,623
313,381
966,586
422,225
1,143,445

The Church’s loan to the subsidiary is repayable on demand however the Church considers this to be a long-term receivable as it unlikely to be repaid within a year.

The Amounts due from Group Undertaking has a provision of £114,140 charged in 2025 and the balance of £105,738 represents the net assets of the undertaking as at 31 December 2025 which are all short-term monetary net items.

10. Liabilities: Amounts Falling Due Within One Year

Amounts Falling Due Within One Year
Accruals of utility & other costs
Creditors for goods and services
Other creditors & deferred income		 Group 2025
Group 2024
PCC 2025
PCC 2024
£
£
£
£
19,734
48,004
17,934
45,795
381,675
9,146
377,401
4,380
9,848
25,175
9,848
6,378
411,257
82,325
405,183
56,553
Amounts Falling Due After One Year
Borrowings
Retention liabilities		 Group 2025
Group 2024
PCC 2025
PCC 2024
£
£
£
£
198,245
-
198,245
-
42,842
-
42,842
-
241,087
-
241,087
-

To ensure adequate funding for the Gateway project, a repayment mortgage of £600k facility was approved and arranged with Kingdom Bank, secured against Orchard Drive, the property owned by the PCC. In late 2025, £200k was drawn down from this with a further £200k was drawn down in Feb 2026. The term of the facility is for 30 years and interest is payable at a variable rate.

In addition, retention liabilities of £43k have been provided for on the Gateway project which are contractual commitments which have been accrued reflecting the stage of completion of the project completion as at year end and which will be paid on satisfactory completion of the development.

11. Capital and financial commitments

Capital commitments as at 31 December 2025 amounted to £1,799k 2024: nil) and related the Gateway redevelopment project of the church buildings and which is based on the signed contract value.

There were no financial commitments under operating leases as at 31 December 2025.

24

Parochial Church Council of Christ Church, Woking

12. Taxation

The taxable profit in the year was nil (2024: £33,574) and the tax liability and charge of £1,081 (2024: £6,379).

13. Grants

13. Grants
Unrestricted Designated Restricted Group Group
2025 2025 2025 2025 2024
£ £ £ £ £
Grants of £1,000 and over
Across - - 1,500 1,500 4,000
Alpha International - - 1,000 1,000 -
Arocha - - 1,000 1,000 -
Besom - - 1,766 1,766 2,000
Bethesda Life Centre - - 15,990 15,990 7,500
Christians Against Poverty - - 12,996 12,996 10,500
Elam - - 1,000 1,000 1,000
Engage Woking - - 7,000 7,000 8,813
Faith to Share - 2,400 1,312 3,712 3,722
Fusion - 3,900 - 3,900 3,600
Interserve GBI - 6,500 1,100 7,600 4,250
Lebanon (Emil & Reem) - - - - 1,364
Mahabba - - 2,500 2,500 -
Match for Mission - - 2,000 2,000 1,050
OMF International UK - - 1,000 1,000 -
Turning Point Trust - 2,160 16,730 18,890 13,293
Wycliffe Bible Translators - 8,700 - 8,700 8,400
York Road Project - - 12,546 12,546 3,615
- 23,660 79,440 103,100 73,105
Other grants of less than £1,000: - 30 88 118 3,599
Total grants - 23,690 79,528 103,218 76,704

Grants totalled £103,218 (2024: £76,704). The number of organisations to which payments over £1,000 was 19 (2024: 14). There were no grants made from unrestricted funds (2024: nil). There were no donations to individuals (2024: one donation of £700 to a single family).

25

Parochial Church Council of Christ Church, Woking

14. Comparative figures for Statement of Financial Activities For the year ending 31 December 2024

The below note provides the comparative figures for the 2024 statement of financial activities split between the different classes of funds.

Note
INCOME AND ENDOWMENTS
FROM
Donations from donors
2a
Other donations and legacies
2b
Incoming resources from operating
activities:
-
To further the Council’s
objectives
2c
-
Income from investment
2d
TOTAL INCOME AND
ENDOWMENTS
EXPENDITURE ON
Grants
3a
Activities directly related to the work
of the church
3b
TOTAL RESOURCES EXPENDED
NET INCOME/(EXPENSE)
Taxation
12
Transfer between funds
8
NET MOVEMENT IN FUNDS
BALANCES B/F AT 1 JANUARY
14
BALANCES C/F AT 31
DECEMBER		 Unrestricted
Funds
Designated
Funds
Restricted
Funds
Total Group
Funds 2024
£
£
£
£
494,938
-
428,216
923,154
40
-
170,805
170,845
516,796
-
-
516,796
2,801
-
62,491
65,292
1,014,575
-
661,512
1,676,087
-
23,595
53,109
76,704
980,535
12,287
59,242
1,052,065
980,535
35,882
112,352
1,128,769
34,040
(35,882)
549,160
547,318
(6,379)
-
-
(6,379)
448,652
(6,203)
(442,449)
-
476,313
(42,085)
106,711
540,939
850,249
171,006
1,592,913
2,614,168
1,326,562
128,921
1,699,624
3,155,107

26

Parochial Church Council of Christ Church, Woking

15. PCC Statement of Financial Activities

Note
INCOMING RESOURCES
Incoming resources from donors
2a
Other voluntary incoming
resources
2b
Incoming resources from
operating
Activities to further the PCC
objectives
2c
Income from investment
2d
TOTAL INCOMING
RESOURCES
RESOURCES EXPENDED
Grants
3a
Activities directly related to the
work of the church
TOTAL RESOURCES
EXPENDED
NET INCOMING/(OUTGOING)
BEFORE INVESTING
ACTIVITIES
Taxation
12
Transfers between funds
8
NET MOVEMENT IN FUNDS
BALANCES B/F AT 1 JANUARY
BALANCES C/F AT 31
DECEMBER		 Unrestricted
Funds
Designated
Funds
Restricted
Funds
Total PCC
Funds 2025
Total
PCC
Funds
2024
£
£
£
£
£
494,748
-
1,106,956
1,601,704
923,153
305
-
456,247
456,552
170,845
-
7,729
-
-
7,729
97,212
1,740
-
45,880
47,621
64,651
504,523
-
1,609,083
2,113,606
1,255,861
-
23,690
79,528
103,218
76,704
642,025
13,555
4,040,499
4,696,079
631,527
642,025
37,245
4,120,027
4,799,297
708,231
(137,502)
(37,245)
(2,510,944)
(2,684,691)
547,630
(1,081)
-
-
(1,081)
(6,379)
(763,398)
(65,951)
829,349
-
-
(901,982)
(103,196)
(1,681,595)
(2,686,773)
541,251
1,358,711
128,921
1,699,624
3,187,256
2,646,005
456,729
25,725
18,029
500,483
3,187,256

27

Parochial Church Council of Christ Church, Woking

16. Origin Books & Media Limited

Origin Books & Media Limited is a wholly owned subsidiary of the church and operates a bookshop and Café within the church premises.

It is recognised that the Origin Books & Media subsidiary was in material deficit at the year end. The PCC intends to continue supporting Origin Books & Media. The loss in 2025 was mainly driven by the one-off staff redundancy and furlough payments due to the closure of the café and bookshop whilst the Gateway project was ongoing.

At 31 December 2025 it had current assets of £115,134 (2024: £162,919), liabilities of £229,281 (2024: £206,620) and a retained deficit of £114,147 (2024: deficit £32,149). The summary of its profit and loss account for the year ended 31 December 2025 is as follows:

Total income
Total expenditure
(Loss)/Profit for the year		 2025
£
129,304
(211,302)
(81,998)		 2024
£
421,914
(422,227)
(313)

The stock shown in the group balance sheet consists of books, media, gifts and catering supplies.

Origin Books & Media Limited files its own separate entity accounts with Companies House with registered number 02581840 (England and Wales).

17. Post balance sheet events

There were no material post balance sheet events to disclose.

28

Issuer

Shaw Gibbs

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