2025-12-31-accounts

The Parochial Church Council of the Ecclesiastical Parish of St Mary Kippington

Sevenoaks

Registered Charity No. 1130183

Annual Report and Accounts for the year ended 31st December 2025

Team Rector:

Interregnum since April 2024

The Vicarage Kippington Road Sevenoaks, Kent

Benefice Team :

Rev Anne Bourne - Team Vicar

Stephen Osei-Mensah - Curate (until- September 2025)

Bankers:

NatWest Bank plc Santander plc High Street Bootle Sevenoaks Liverpool

Independent Examiner: Philip K Wood MA (Oxon) FCA, MCT

www.stmaryssevenoaks.org

PCC Trustees’ Annual Report

St Mary Kippington is part of the benefice of the West Sevenoaks Team Ministry, together with St Mary t he Virgin, Riverhead with Dunton Green and St Luke’s, Sevenoaks.

Aims and Purposes:

The Parochial Church Council (PCC) of St Mary Kippington has the responsibility of cooperating with the Team Vicar, Rev Anne Bourne, in promoting, in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is also responsible for the maintenance of the Church complex of the Kippington Centre.

Objectives and Activities:

The PCC is committed to enabling as many people as possible to worship at the church of St Mary Kippington and to become part of that parish community. The PCC maintains an overview of worship and makes suggestions on how services can involve as many people who live within the parish as possible. The services and worship of St Mary Kippington seek to put faith into practice through prayer and scripture, music and sacrament.

In particular, the PCC tries to enable people to live out their faith as part of the parish community through worship and prayer; learning about the Gospel; developing their knowledge and trust in Jesus; provision of pastoral care for people living in the parish; missionary and outreach work. To facilitate this work, it is important that we maintain the fabric of the Church of St Mary Kippington and the Kippington Centre.

Achievements and Performance:

1. Worship, Fellowship and Prayer

The PCC is committed to offer a range of services during the week and over the course of the year that the community find both beneficial and spiritually fulfilling. St Mary Kippington upholds the Anglican ethos of worship that offers a broad spectrum of worship, which encompasses the Book of Common Prayer and Common Worship.

The regular pattern of 8am and 10:30am service times on Sundays has been maintained on a consistent basis. There is a mid- week service on a Thursday at St Luke’s and occasionally an evening act of worship.

Family services continue to be run from the Kippington Centre for most of the year, with the occasional service taking place in Church.

Worship has continued to take place commemorating key events in the liturgical calendar, being Harvest, Remembrance, Advent, Christmas, Lent and Holy Week and Easter. During the year numbers attending for these key service times were as follows (previous year in brackets):

Good Friday (no service at St Mary Kippington, but joint service held at St Luke’s), Easter Sunday 121 (118); Harvest Sunday 41 (40); Remembrance Sunday 75 (63); Advent Sunday (communicants) 48 (10); and Christmas Eve and Day 391 (326).

As of the Annual Parochial Church meeting of 2025, there were 96 parishioners on the Church Electoral Roll, 45% of whom are resident in the Parish and 55% of whom are non-resident.

During the year the following number of occasional offices were performed: four weddings and a blessing, two interments of ashes and five funerals at church. There were 3 baptisms during this period.

Our Bible Study group meets on a fortnightly basis and undertakes various study courses. In addition, Team Vicar Rev Anne Bourne held Advent and Lent courses.

Team services have taken place celebrating the midweek festivals of the church: Ash Wednesday, Maundy Thursday and Ascension Day.

Our Sunday Club meets weekly and the Youth Club (KYG) takes place bi-monthly.

2. Kippington Centre

The Centre is used by the Church for social occasions, meetings and family services and let to the community for various activities on a regular and occasional basis through the week including wakes, birthday parties etc.

3. Pastoral Care

The Pastoral and Mission Committee meet regularly and care for those termed vulnerable within the church. Where possible services at Kippington Nursing Home have taken place.

4. Mission and Evangelism

The Charities Committee, following PCC approval, made grants totalling £12,000 to a broad range of local, national and international charities. Solefields School continues to celebrate their Christmas service at the church. Sevenoaks School held their Carol Service and Leavers Service at church during 2025.Our church birthday, Harvest social, and regular coffee get togethers after our Sunday service, continue to take place to enhance our fellowship.

5. Ecumenical Relationships

The church participated in the annual ‘Ride and Stride’ cycling event around Kent churches which raised a total of £1,030 half of which was allocated to Church funds while the other half was given to the Friends of Kent Churches Charity.

6. Volunteers

We would like to thank all of the volunteers who work so hard to make our church the lively and vibrant community it is. In particular thanks are expressed to our churchwarden Brenda Ross for her service to the life of the church.

Financial Review

1. Overview

Total funds and net assets have increased by £1,547.75. The principal movements in the accounts are explained below.

Incoming resources of £158,527 were down £17,681.12 compared with 2024. Planned giving was down £3,000 and there were no legacies in 2025 (compared with £8,000 the prior year).In 2024 there was a Listed Places of Worship Grant of £6,972 towards major church repairs. Income from the Church Centre increased by £4,451.50 to £30,619.50 offset by a fall in parking fees of £4,480.

Resources expended of £166,370.80 were down £33,158.37 compared with 2024. Expenditure had been inflated in 2024 by the cost of the boiler replacement (£41,832) but in 2025 the leak in the Centre roof necessitated urgent remedial work to the exterior of the roof at a cost of £14,184. The replacement of acoustic panels in the roof costing an additional £4,600 was largely covered by insurance.

Investment gains of £9,390.86 were up £7,898.21 compared to 2024 reflecting rising equity markets. £15,026.25 of investments were sold to reduce exposure to volatile markets.

In November 2025, a Parish Administrator was hired to undertake the tasks previously managed by the Centre Manager and the Church Secretary. As a consequence of this, the PCC has been required to register for PAYE and to auto-enrol the Parish Administrator in a pension scheme. The financial effect of this decision is rather marginal in 2025 (given that it was only in effect from 13[th] November 2025) but will be seen in full in the 2026 accounts.

The Sequestration Fund introduced at the start of the interregnum continues to be augmented by the costs of the interregnum (visiting clergy, vicarage utilities…) offset in part by the retention of certain wedding and funeral fees normally payable to the Diocese. The Sequestration Fund grew to a negative balance of £2,981.88 as at 31[st] December 2025.

2. Charitable Giving

The amounts given over for Charitable Giving are shown in Note 15 to the Accounts. The amount allocated to tithing was reduced this year to £12,000 given the reduction in Incoming Resources and the costs of the repair to the Centre roof.

If Agency collections for third parties are added in as well as funds raised by church members which did not do through the PCC accounts, our total giving in 2025 was £14,758.59 (2024: £16,311)

3. Reserves Policy

The PCC, advised by the Finance Committee, considers its reserves policy annually. Where a sum has been set aside for a designated purpose, the PCC aims to hold enough in that reserve to meet the specific policy intention; so, for example, a sum set aside for a major repair or renewal should either be sufficient to fund that repair/renewal or should be complemented by a fundraising intention and plan. Informed by recent experience we consider that unrestricted reserves, complemented by any restricted reserves available for that purpose, should be at least sufficient to cover essential running costs for 9-12 months, after assuming that regular sources of income reduce significantly.

4. Prospects for 2026

The 2026 budget was reviewed and approved by the PCC at its meeting in November 2025. It shows a modest surplus before depreciation. It provides, however for the cost inherent in the appointment of a new incumbent (payment of council tax, cost of repainting the vicarage) which will only be definitive once an appointment is made. It also provides for the full-year cost of the new Parish Administrator.

5. Thanks

Many thanks to Zoe Anderson, the Planned Giving Administrator, who has contributed so much by ensuring the timely and efficient claims to HMRC for the Gift Aid payments, to Finance Committee members Zoe Anderson, Janet Eilbeck, Glynn Hicks and Chris White for their help and support and especially to our late friend Dave White for his administration of the monthly collections for many years and his monthly ‘Bill et Doux’ to summarise the collections to Zoe and your Treasurer. He will be sorely missed.

Structure, Governance and Management

The method of appointment of PCC members is set out in the Church Representation Rules.

At St Mary Kippington the membership of the PCC consists of the Incumbent (Team Rector, when in post), churchwardens, co-opted members, Deanery Synod representatives and members elected by those from the congregation on the electoral roll of the church. All those who attend our services/members of the congregation are encouraged to register on the

Electoral Roll and stand for election to PCC. The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. The full PCC met six times during the year with an average level of attendance of 79%.

Given its wide responsibilities, the PCC has a number of committees each dealing with a particular aspect of parish life. These committees, which are outlined below, are all responsible to the PCC.

Standing Committee: This is the only committee required by law. It has power to transact the business of the PCC between its meetings, subject to any directions given by the Council. Members of this committee are the Team Rector (when in post), the Churchwarden(s), Vice Chair of PCC, PCC Secretary, PCC Treasurer and one other PCC nominated member.

Fabric Committee: Considers all matters relating to the care and maintenance of church buildings and advises the PCC on necessary repairs, obtaining estimates as appropriate. This committee has not met during the interregnum. All fabric matters have been dealt with by the Churchwarden and other PCC members. Once a new incumbent is in place a new Committee will be formed.

Finance Committee: This oversees the general financial dimension of the work of St Mary’s by monitoring income and expenditure, budgeting, reviewing the annual report and financial statements and maintaining appropriate financial controls.

Charities Committee: Promotes the work of charities and mission agencies in the Parish and recommends donations to registered charities, according to the policies set by the PCC. More information on charitable donations is set out within the Accounts and in the Charitable Giving paragraphs below.

Pastoral and Ministry: This group meets three times a year to help the Church realise its vision as a bridge between God and the community. The Chair is the Incumbent and they report directly to PCC. During the interregnum this has been chaired by the Churchwarden.

The Benefice of the West Sevenoaks Team Ministry

The Joint Council of the Benefice has not met in 2025. It is the intention of the Diocese to dissolve the West Sevenoaks Team Benefice and create a new Benefice of St Mary Kippington to encompass the Parish of St Mary Kippington only. A formal consultation on these proposals started in February 2026.

Administrative Information

St Mary Kippington is situated on Kippington Road, Sevenoaks. It is part of the Diocese of Rochester within the Church of England. The correspondence address is The Church Office, Kippington Centre, Kippington Road, Sevenoaks. The PCC is a body corporate (PCC powers Measure 1956, Church Representation Rules 2006) and a registered charity - 1130183. Its website can be located at: www.stmaryssevenoaks.org. Brenda Ross functions as Chair of the PCC during the interregnum. Avril Hunter is Vice Chair.

PCC members who have served at any time from 1st January 2025 - 31st December 2025 are:

Team Rector (when in post): St Mary Kippington has been in interregnum since April 2024.

Churchwarden : Brenda Ross (since 2020), The other Churchwarden post remained vacant throughout 2025.

(The Churchwarden(s) are elected at the Annual Parochial Church Meeting for three years,

though each year they seek the m￿ting'S approval to (x)ntinue to serve in Offi￿). Due to the inletregnum Brenda Ross was eleded to ￿rna1n in post beyond the original three years. resentatives of the Deano Stephen Day (Sin￿ April 1996) (Slephen. Sin￿ Ihis dale, has been elecled as one of our Deanery Synod representatives. We have never had more than two standing. hence the longevity of Stephen's service)- We have one Deanery Syn(xl tx)silion va(2nt. nod: Elected Members three ear terms . Lisa Stroud (April 2022-April 2025) Janet Eilbeck (April 202&present) Jennifer Worth (April 2023•resent) John Worth (April 2024-September 2025) Sharon Fishwick (April 2024-present) Kate O'Gram (April 2024-November 2025) Avril Hunter (April 2024-present) Ed Daniels (April 2024-present) CO-O ted members: Such posilions are appointed by the PCC thefflselves at the first meeling following the APCM: stephen Swift (freasurer) (April 2025) Caroline Howe. Secretary (September 2020) Helen Brown. Parish Adminislrator (November 2025) Ex-officio rnembers: Rev Anne Boume. Team vicar of St Luke's Stephen Osei-mensah. Team Curate - April 2025 - Septernber 2025 Safe uardin In recenl years. the issue of Safeguarding has come to the fore of every church's mission and minislry. Wendy Prilchard is St Mary Kippington's Parish Safeguarding Office {PSO)" and all PCC mernbers must have a DBS check and undergo training in Safeguarding (CO and C1. as well as Dorne5tic Abuse training)- Churchwardens rnusl also complete Leadership Training. There are other safeguarding training requirements required for clergy and those in the congregation working with children and vulnerable adults. Safeguarding is an agenda item at every PCC rneeting as part of their responsibilities to make our church and ils activities a safe environment for children and vulnerable adults. The Parochial Church Council has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duly lo have due ward to House of Bishops. guidan￿ on safeguarding children and vulnerable adults)- Risk Mana ement: The PCC keeps under review the strategic and operalional risks which would affect the work of the church and Ihe steps taken to minimise these risks. Mitigations indude our safeguarding procedures. financial controls and the Maintenan￿ of healthy reserves. Approved by the PCC on 23rd March 2026 and signed on their behalf by Brenda Ross (Chair), in the absen￿ of an incumbent at st Mary Kippington.

PARISH CHURCH OF ST MARY KIPPINGTON, SEVENOAKS

Registered Charity No. 1130183

Accounts for the year ended

31 December 2025

Inde endent Examinerfs Re rt to the Trustees I report to the Trustees on my examination of the accounts of The Parochial Church Council of the Ecclesiastical Parish of St Mary. Kippington. Registered Charity 11301831.the Trust") for the year ended 31 December 2025, set out on pages 9 to 20. Responslbillties and ol report As PCC members. and therefore the Charity's Trustees. you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111"the Act"). I report in respect of my examination of the Trusys accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given bv the Charity Commission under section 14515llbl of the Act. Independent ex•mlnerfs ststement I have completed my examination. I confim) that no material matters have come to my attention In connection with the examination which give me cause to believe that in. any material respect.. the atcounting records were not kept in accordance with section 130 of the Charities Att,. or the accounts dld not accord with the accounting records,. or the accounts did not comply with the applicable requirements concernlng the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2C%)8 other than any requlrement that the accounts give a 'true and fairf 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. Signed.. Philip K Wood, MAIOxonl. FCA. MCT 4 Middlings Wood, Kippington Road Sevenoaks Kent, TN13 2LF 23 March, 2026 Page 8 of 20

STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 31 December 2025

|Note
INCOMING RESOURCES
Voluntary income
2(a)
Activities for generating funds
2(b)
Income from investments
2(c)
Income from Church activities
2(d)
Other incoming resources
2(e)
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Cost of generating voluntary income
3(a)
Church activities
3(b)
TOTAL RESOURCES EXPENDED
NET INCOMING/OUTGOING RESOURCES
TRANSFERS BETWEEN FUNDS
Gross transfers between funds - in
Gross transfers between funds - out
GAINS AND LOSSES ON INVESTMENTS
5
NET MOVEMENT IN FUNDS
BALANCES BROUGHT FORWARD
BALANCES CARRIED FORWARD|Unrestricted
General
Fund
£
105,895.40
-
9,890.35
32,223.50
5,638.30
153,647.55
-147.64
-127,665.45
-127,813.09
25,834.46
10.50
-15,500.00
9,390.86
19,735.82
128,881.77
148,617.59|Unrestricted
Designated
Funds
£
-
-
102.41
-
-
102.41
-
-26,237.25
-26,237.25
-26,134.84
15,500.00
-10.50
-
-10,645.34
524,733.69
514,088.35|Restricted
Funds
£
1,130.00
1,914.82
521.91
1,211.00
-
4,777.73
-
-12,320.46
-12,320.46
-7,542.73
-
-
-
-7,542.73
34,497.49
26,954.76||
Total
|
2025
|
£
|
|
|
107,025.40
|
1,914.82
|
10,514.67
|
33,434.50
|
5,638.30
|
|
|
158,527.69
|
|
|
|
|
-147.64
|
-166,223.16
|
|
|
-166,370.80
|
|
|
-7,843.11
|
|
|
|
15,510.50
|
-15,510.50
|
|
|
9,390.86
|
|
|
1,547.75
|
|
688,112.95
|
|
|
689,660.70
||Unrestricted
General
Fund
£
108,849.75
-
11,315.60
29,304.00
5,715.00
155,184.35
-191.44
-127,238.22
-127,429.66
27,754.69
-17,870.00
1,492.65
11,377.34
117,504.43
128,881.77|Unrestricted
Designated
Funds
£
8,000.00
-
527.24
-
6,972.00
15,499.24
-
-67,216.75
-67,216.75
-51,717.51
20,791.40
-
-
-30,926.11
555,659.80
524,733.69|Restricted
Funds
£
3,378.74
560.00
714.28
805.00
67.20
5,525.22
-
-4,882.76
-4,882.76
642.46
-
-2,921.40
-
-2,278.94
36,776.43
34,497.49|Total
2024
£
120,228.49
|
560.00
|
12,557.12
|
30,109.00
|
12,754.20
|
|
|
176,208.81
|
|
|
|
|
-191.44
|
-199,337.73
|
|
|
-199,529.17
|
|
|
-23,320.36
|
|
|
|
20,791.40
|
-20,791.40
|
|
|
1,492.65
|
|
|
-21,827.71
|
|
709,940.66
|
|
|
688,112.95
|| |---|---|---|---|---|---|---|---|---|

The notes on pages 12 to 20 form part of these accounts.

PARISH CHURCH OF ST MARY, KIPPINGTON

BALANCE SHEET AS AT 31 DECEMBER 2025

Note FIXED ASSETS Tangible fixed assets 4 INVESTMENTS Securities 5 CURRENT ASSETS Debtors & Prepayments 6 CCLA CBF Church of England Deposit Fund Balances with Diocesan Repair Funds 9 Cash at Bank and in hand LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR 7 NET CURRENT ASSETS NET ASSETS FUNDS 8,9,10 UNRESTRICTED - GENERAL FUND UNRESTRICTED - DESIGNATED FUNDS Fixed Assets Fund Centre Development Fund Diocesan Repair Funds Legacy Fund Flower Fund RESTRICTED FUNDS Centre Appeal Fund Church Development Fund Endowment Fund Lunch Club Fund Christmas Tree Fund Sequestration Fund TOTAL FUNDS	2025 £ 440,999.48 51,448.77 4,940.71 185,119.94 5,351.61 9,579.95 204,992.21 -7,779.76 197,212.45 689,660.70 148,617.59 440,999.48 34,237.26 5,351.61 33,000.00 500.00 514,088.35 5,331.82 21,610.19 1,513.85 847.72 633.06 -2,981.88 26,954.76 689,660.70	2024 £ 449,129.48 57,084.16 4,276.80 148,148.70 7,866.95 29,889.01
		190,181.46 -8,282.15
		181,899.31
		688,112.95
		128,881.77 449,129.48 34,237.26 7,866.95 33,000.00 500.00
		524,733.69 12,886.66 19,657.77 1,513.85 847.72 633.06 -1,041.57
		34,497.49
		688,112.95

PARISH CHURCH QF ￿ IAARY. IQPPINGTON MOvE1￿NT OF FUNDS IN 2025 Inv•¥tm•nt Galfts and L05S95 Balanc• tffwghtfrjrnard Oulgoln9 Balance carrled lo￿ard R•sowc•s TThn5tsr5 Uryrstrlcld -Ge￿ra1 Fund: 128.881.77 153.647.S5 -127.813.09 -15.489.50 9.390.86 14B,617,59 Unr•strlcthd- D•SI￿atrId Fund5 Fryed Assots Fund Devebpffnl Fund tk)cosan Repar Funds Fb6W)r Fund Legacy Fund Tilhfftg 449,129.4a 34,23726 7,866.95 500.00 33.000.00 ,13D.00 440,999.48 34,237.26 5.351.61 500.00 33.000.00 102.41 4,1Q725 3.489.50 -11000.00 12,000.00 524.733.69 102.41 -26 23125 15.489.50 514.088.35 R•strlcd F￿d9 Cenlrn Appeal Fund Churth Devek>pmont Fund Endo¥wl Fund Lundb Fund Christr￿S TfEe Fund soqu0s1ra￿n Fund Caiii*s Fund 12.886.66 19.657.77 1,513.85 847.72 633_06 -1.04 1.57 521.91 1.952.42 4.076.75 5.331.82 21.610.19 1,513.85 B47.72 633.D6 -2,981.88 1.211.lJO 1.092.40 .151.31 -1,092.40 Sub40lats 34.497.49 -12 320_46 26,954.76 Total Funds 698 11195 158 527.69 .166 370.BO 90.86 689 660.70 Approved by the Pamthial lJkuth Cound OTr 23 Mafth 2026 s￿n8￿10 of Brnnda Iloss {thawmaTh) Sbnalurn o St•phon Swwt ffreagJter> Ihe noles pages 12 to 20 fomi part of Ihoso accounts.

NOTES TO THE FINANCIAL ACCOUNTS For the year ended 31 December 2025

NOTE 1 - ACCOUNTING POLICIES

The financial statements have been prepared in accordance with the United Kingdom Financial Reporting Standards (UK GAAP) including the Charities SORP (FRS102). The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. The PCC considers that there are no material uncertainties about St Mary, Kippington’s ability to continue as a going concern.

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

identified future major demands on the financial resources of the PCC. Following the proposition by the Finance Committee of an appropriate total amount, the Charities Committee recommends the charities to which grants are to be made and the amounts for each for approval by the PCC

Specific collections for outside charities and staff leaving are included within income and expenditure and treated as liabilities until paid over. Amounts made payable direct to the recipient and not the PCC are not included within income and expenditure. Details of charitable giving that has not passed through income and expenditure are included in Note 15.

Diocesan Offer

Funds

Unrestricted funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for the general purposes of the PCC. Designated funds may be set aside by the PCC out of unrestricted funds for specific purposes. They remain unrestricted.

Restricted funds are those funds that must be spent on restricted purposes. Details of these funds and the restrictions are provided in note 10.

Incoming Resources

Voluntary income

Collections and planned giving are recognised when received by or on behalf of the PCC.

Gift Aid is recognised at the same time as the underlying gift. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due is measurable and its ultimate receipt is considered probable.

Funds raised by fetes, garden parties and similar events are accounted for gross.

Other income

Rental income from the letting of the Parish Centre is recognised in the period the facility is used.

Income from investments

Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue. Income from specific assets held within a fund that is not an endowment is credited to the respective fund. Income from other assets is credited to the General Fund.

Gains and losses on investments

Unrealised gains or losses are recognised on revaluation of investments each year end.

Realised gains or losses are recognised when investments are sold.

Resources expended

Grants

Grants and donations for charitable purposes are accounted for when paid. The PCC aspires to make grants which amount to 10% of budgeted unrestricted income but moderated by the need a) to break even and b) by any

The diocesan ‘Offer’ is accounted for when due. Any ‘Offer’ unpaid at 31 December is provided for in these financial statements as an operational (though not a legal) liability and shown as a creditor in the balance sheet.

Fixed Assets

Consecrated property and movable church furnishings Consecrated and beneficed property is excluded from the financial statements by section 10(2)(a) of the Charities Act 2011.

Movable church furnishings, acquired prior to 2000, held by the incumbent and churchwardens on special trust for the PCC and which require a faculty for disposal are accounted for as inalienable property unless consecrated and are given no value.

All expenditure incurred in the year on consecrated or beneficed buildings or on the repair of movable church furnishings acquired before 1 January 2000 is written off.

Other land and buildings

Up until December 2017 the Parish Centre (built in 2004) was valued at cost with no provision for depreciation. From,2018 the PCC agreed to provide depreciation of £7,400 per annum based on an estimated remaining useful life of 68 years. Any expenditure on maintenance or minor improvement is written off as incurred.

Other fixtures, fittings and office equipment

Equipment used within the church premises is normally depreciated on a straight-line basis over 4 years, commencing the year after acquisition. Individual items of equipment with a purchase price of £1,500 or less are written off when the asset is acquired.

Investments

Investments are included at market value.

Current assets

Amounts receivable in respect of fees, rents or other income are shown as debtors less provision for any amounts considered uncollectable.

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 December 2025

2 INCOMING RESOURCES

|2(a)
Voluntary income
Planned Giving
Collections
Donations
Gift Aid
Legacies
2(b)
Activities for generating funds
Fund raising events
2(c)
Income from investments
Interest
Dividends
2(d)
Income from Church activities
Centre income
Wedding and funeral fees
Social activities
2(e)
Other incoming resources
Car Parking Fees Received
Listed Places of Worship Grant
Insurance Claim
Sundry income
TOTAL INCOMING RESOURCES|Unrestricted Unrestricted
|
General
Designated
Restricted
Total
|
Fund
Funds
Funds
2025
|
£
£
£
£
|
|
71,688.00
-
-
71,688.00
|
9,327.56
-
-
9,327.56
|
4,319.14
-
1,067.50
5,386.64
|
20,560.70
-
62.50
20,623.20
|
-
-
-
-
|
|
105,895.40
-
1,130.00
107,025.40
|
|
|
-
-
1,914.82
1,914.82
|
|
-
-
1,914.82
1,914.82
|
|
|
6,229.42
102.41
521.91
6,853.74
|
3,660.93
-
-
3,660.93
|
|
9,890.35
102.41
521.91
10,514.67
|
|
|
30,619.50
-
-
30,619.50
|
1,604.00
-
1,211.00
2,815.00
|
-
-
-
-
|
|
32,223.50
-
1,211.00
33,434.50
|
|
|
|
-
-
-
-
-
-
-
-
|
4,500.00
-
-
4,500.00
|
1,138.30
-
-
1,138.30
|
5,638.30
-
-
5,638.30
|
|
|
|
153,647.55
102.41
4,777.73
158,527.69
||Unrestricted Unrestricted
General
Designated
Restricted
Total
Fund
Funds
Funds
2024
£
£
£
£
74,688.00
-
-
74,688.00
9,516.79
-
-
9,516.79
3,372.49
3,234.99
6,607.48
21,272.47
-
143.75
21,416.22
-
8,000.00
8,000.00| |---|---|---| |||108,849.75
8,000.00
3,378.74
120,228.49| |||-
-
560.00
560.00| |||-
-
560.00
560.00| |||7,829.00
527.24
714.28
9,070.52
3,486.60
-
-
3,486.60| |||11,315.60
527.24
714.28
12,557.12| |||26,168.00
-
-
26,168.00
2,354.00
-
805.00
3,159.00
782.00
-
-
782.00| |||29,304.00
-
805.00
30,109.00| |||4,480.00
-
-
4,480.00
-
6,972.00
-
6,972.00
-
-
-
-
1,235.00
-
67.20
1,302.20| |||5,715.00
6,972.00
67.20
12,754.20| |||| |||155,184.35
15,499.24
5,525.22
176,208.81|

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the year ended 31 December 2025

|3
RESOURCES EXPENDED
3(a)
Cost of generating voluntary income
Planned giving costs
3(b)
Church activities
Diocesan 'Offer'
Church - Running Costs & Maintenance
Parish Centre - Running Costs & Maintenance
Charitable Giving (Note 15)
Donations: Other
Depreciation
Administration
Organ and Choir (Note 13)
Ministry: Vicarage
Social activities
Mission
Services
Youth and Sunday club
Church Major Repairs - structure
Centre Major Repairs - Roof Exterior
Centre Major Repairs - Roof interior panels
TOTAL RESOURCES EXPENDED|Unrestricted Unrestricted
|
General
Designated
Restricted
Total
|
Fund
Funds
Funds
2025
|
£
£
£
£
|
|
147.64
-
-
147.64
|
|
147.64
-
-
147.64
|
|
|
67,025.00
-
-
67,025.00
|
20,740.48
-
-
20,740.48
|
22,622.34
-
-
22,622.34
|
30.00
12,000.00
1,092.40
13,122.40
|
-
-
-
-
|
-
8,130.00
-
8,130.00
|
6,679.70
-
-
6,679.70
|
4,789.16
-
-
4,789.16
,
514.40
-
1,396.96
1,911.36
|
79.00
-
-
79.00
|
260.86
-
-
260.86
|
239.36
-
1,754.35
1,993.71
|
85.15
-
-
85.15
|
-
-
-
-
|
-
6,107.25
8,076.75
14,184.00
4,600.00
-
-
4,600.00
|
127,665.45
26,237.25
12,320.46
166,223.16
|
|
|
127,813.09
26,237.25
12,320.46
166,370.80
||Unrestricted
Unrestricted
General
Designated
Restricted
Total
Fund
Funds
Funds
2024
£
£
£
£
191.44
-
-
191.44| |---|---|---| |||191.44
-
-
191.44| |||64,903.00
-
-
64,903.00
22,815.57
1,668.00
1,149.00
25,632.57
26,188.59
946.75
-
27,135.34
30.00
15,370.00
160.00
15,560.00
-
-
1,659.99
1,659.99
-
7,400.00
-
7,400.00
5,138.75
-
-
5,138.75
4,569.24
-
-
4,569.24
1,734.97
-
846.37
2,581.34
816.86
-
-
816.86
451.40
-
-
451.40
483.45
-
1,067.40
1,550.85
106.39
-
-
106.39
-
41,832.00
-
41,832.00
-
-
-
-| |||127,238.22
67,216.75
4,882.76
199,337.73| |||| |||127,429.66
67,216.75
4,882.76
199,529.17|

NOTES TO THE FINANCIAL Statements (Continued) For the year ended 31 December 2025

4 FIXED ASSETS FOR USE BY THE PCC

COST At.1.1.2025 Additions Disposals At 31.12.2025 DEPRECIATION At.1.1.2025 Charge for year Disposals At 31.12.2025 NET BOOK VALUE At 1.1.2025 At 31.12.2025	Freehold land and buildings £ 498,008.08 - - 498,008.08 51,800.00 7,400.00 - 59,200.00 446,208.08 438,808.08	Centre Equipment £ 6,431.40 - - 6,431.40 3,510.00 730.00 - 4,240.00 2,921.40 2,191.40	Total £ 504,439.48 - -
			504,439.48
			55,310.00 8,130.00 -
			63,440.00
			449,129.48
			440,999.48

Freehold land and buildings comprise the Parish Centre. Cost is deemed to be the cost of construction in 2004. Depreciation of £7,400 per annum has been provided since 2018.

A valuation for insurance purposes was conducted by Ecclesiastical Insurance in November 2020 and is reviewed each year to protect against any unexpected increase in building costs. The Loss Limit for Buildings and Contents cover for 12 months from February 2026 is £15,730,000 for the Church and £3,660,000 for the Parish Centre.

Centre equipment costing more than £1,500, is capitalised and depreciated over 4 years commencing the year after acquisition giving rise to a charge of £730.00 in respect of the dishwasher acquired in 2024.

5 INVESTMENTS

Cost at 31 December Valuation at 1 January Disposal at carrying value Unrealised gain Valuation at 31 December Realised gains in the year Unrealised gains in the year Income received	2025 £ 3,625.61 57,084.16 -13,200.50 7,565.11 51,448.77 1,825.75 7,565.11 9,390.86 3,660.93	2024 £ 4,716.22 55,591.51 0.00 1,492.65
		57,084.16
		0.00 1,492.65
		1,492.65
		3,486.60

Investments comprise units held in M&G Equities Investment Fund for Charities (“Charifund”), a registered charity and an authorised unit trust and a non-UCITS retail scheme authorised by the Financial Conduct Authority. These are Wider Range investments under the provisions of the Trustee Investments Act 1961. In 2025 the PCC decided to reduce its exposure to equity markets and sold units realising £15,026.25 compared to their original cost of £1,090.61.

6 DEBTORS & PREPAYMENTS

HMRC - Gift Aid Centre letting fees due Interest due for Quarter to December on CCLA accounts Other	2025 £ 1,999.02 1,044.00 1,549.70 347.99 4,940.71	2024 £ 3,701.65 396.00 - 179.15
		4,276.80

NOTES TO THE FINANCIAL Statements (Continued) For the year ended 31 December 2025

7 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR

Creditors for goods and services Centre letting fees received in advance	2025 £ 4,231.76 3,548.00 7,779.76	2024 £ 4,134.15 4,148.00
		8,282.15

In 2025, following the employment of a part-time Parish Administrator, the PCC makes PAYE payments to HMRC and in addition has fulfilled its pension autoenrolment responsibilities.

8 ANALYSIS OF NET ASSETS BY FUND

Fixed assets Investments Debtors and prepayments CBF deposits Diocesan Repair Funds Other bank accounts (allocated) Creditors FUND BALANCE	Unrestricted £ 440,999.48 51,448.77 4,843.91 158,274.73 5,351.61 9,132.20 -7,344.76 662,705.94	Restricted £ - - 96.80 26,845.21 - 447.75 -435.00 26,954.76	Total Funds 2025 £ 440,999.48 51,448.77 4,940.71 185,119.94 5,351.61 9,579.95 -7,779.76 689,660.70	Total Funds 2024 £ 449,129.48 57,084.16 4,276.80 148,148.70 7,866.95 29,889.01 -8,282.15
				688,112.95

9 UNRESTRICTED DESIGNATED FUNDS

CENTRE DEVELOPMENT FUND	2025	2024
	£	£
Balance at 1 January and 31 December	34,237.26	34,237.26

The Centre Development Fund may be used to enhance the facilities of the Parish Centre and supplements the Centre Appeal Fund and the Diocesan Repair Fund - Centre. The Fund was not used in 2024 and 2025.

DIOCESAN REPAIR FUNDS Transfers - in/(out) Disbursements Listed Places of Worship Grant towards replacement of Church Boilers Interest added Movements during year Balance at 1 January Balance at 31 December	Church £ 3,500.00 - - 102.41 3,602.41 1,749.20 5,351.61	Centre £ -10.50 -6,107.25 - - -6,117.75 6,117.75 -	2025 £ 3,489.50 -6,107.25 - 102.41 -2,515.34 7,866.95 5,351.61	2024 £ 2,500.00 -19,446.75 6,972.00 527.24
				-9,447.51 17,314.46
				7,866.95

Diocesan Repair Funds are matched by interest-bearing deposits held with the Diocese. They are used for repairs including the funding of works recommended from the Quinquennial Inspections of the Church and of the Parish Centre.

Quinquennial Inspections on both the Church and on the Parish Centre were held in Autumn 2023. The regular transfer to the Church Repair Fund was increased in 2025 from £2,500 to £3,500 per annum and the contribution to the Centre Repair Fund has remained at zero. The Centre Diocesan Repair Fund was used to pay in part (£6,107.75) the cost of essential repairs to exterior of the Centre roof (total cost £14,184).

FLOWER FUND Balance at 1 January and 31 December	2025 £ 500.00	2024 £ 500.00

The Flower Fund is used for specific Church events which involve flower displays. The Fund was not used in 2024 and 2025.

NOTES TO THE FINANCIAL Statements (Continued) For the year ended 31 December 2025

LEGACY FUND

LEGACY FUND Balance as at 1 January New legacy Disbursements Balance at 31 December	2025 £ 33,000.00 - - 33,000.00	2024 £ 50,000.00 8,000.00
		-25,000.00
		33,000.00

The Legacy Fund was established as a designated fund in 2023 following receipt of a generous legacy of £50,000. The PCC wished to acknowledge the legator by identifying specific ways in which to spend the money. A further legacy of £8,000 was received in 2024. £25,000 was spent in 2024 and the fund was unused in 2025.

TITHING FUND

A transfer of £12,000 (2024: £15,370) was made from the General Fund to the Tithing Fund and paid to charities in accordance with the PCC's tithing policy. Details of the disbursements are included in Note 15.

10 RESTRICTED FUNDS

Restricted funds comprise monies given for a particular purpose, or with specific restrictions, through collections, donations, events, etc,.

CENTRE APPEAL FUND Interest Purchase of equipment for the Centre Repairs to the Exterior of the Centre Roof Movements during year Balance at 1 January Balance at 31 December	2025 £ 521.91 - -8,076.75 -8,076.75 -7,554.84 - 12,886.66 5,331.82	2024 £ 714.28
		-2,921.40 -
		-2,921.40 -2,207.12 15,093.78
		12,886.66

The Centre Appeal Fund relates to the redevelopment of the Parish Centre that was completed in 2004. The Fund may be utilised for on-going maintenance and new equipment for the Centre.

In 2025, £8,076.75 was used to fund in part repairs to the exterior of the Centre roof. The balance was funded from the Centre Diocesan Repair Fund.

CHURCH DEVELOPMENT FUND Income from events Donations IncomeTax recoverable Incoming resources Disbursements Movements during year Balance at 1 January Balance at 31 December	2025 £ 1,124.92 827.50 - 1,952.42 - 1,952.42 19,657.77 21,610.19	2024 £ 400.00 1,575.00 143.75
		2,118.75 -1,149.00 969.75 18,688.02
		19,657.77

The Church Development Fund may be used to enhance the facilities of the Church building. Income from events in 2025 arose from the Christmas Fair and plant sales. Donations include 50% of the funds raised from the annual Friends of Kent Churches Bike Ride.

ENDOWMENT FUND Balance at 1 January Balance at 31 December		2025 £ 1,513.85 1,513.85	2024 £ 1,513.85
			1,513.85

This Fund originated from an Endowment in the name of a Mrs Milne. Use of the interest was not restricted but the fund is to be held in perpetuity.

NOTES TO THE FINANCIAL Statements (Continued) For the year ended 31 December 2025

LUNCH CLUB FUND

Balance at 1 January and 31 December

2025	2024
£	£
847.72	847.72

The Lunch Club closed in 2022. The restricted fund has been retained and will be used to assist people of a similar age to the former membership. It was not used in 2025 or 2024.

SEQUESTRATION FUND Balance at 1 January Fees retained Incoming resources Disbursements Balance at 31 December	2025 £ -1,041.57 1,211.00 1,211.00 -3,151.31 -2,981.88	2024 £ - 872.20
		872.20 -1,913.77
		-1,041.57

The Fund is used during an interregnum to allow for the special allocation of certain fees and costs. Fees for weddings and funerals which would normally go to the Diocesan Board of Finance (DBF) are retained by the parish, whereas costs associated with visiting clergy and Vicarage expenses are offset against these fees. At the end of the interregnum any surplus is due to the DBF, whereas any shortfall is met by the parish.

STAFF LEAVING FUND Balance at 1 January Donations Disbursements Balance at 31 December	2025 £ - - - -	2024 £ - 1,659.99
		-1,659.99
		-

. The Fund is used for gifts made by parishioners and others on behalf of clergy who are leaving the Parish. During 2024 gifts were given to Team Rector Revd Mark Bridgen and Mrs Karen Bridgen on their departure.

CHRISTMAS TREE FUND

CHRISTMAS TREE FUND Balance at 1 January and 31 December	2025 £ 633.06	2024 £ 633.06

The Fund results from the residual assets of the Kippington Road Association that were donated to the PCC with the proviso that they be used for the preservation/maintenance of the 'Christmas Tree' and its lighting.

CHARITIES FUND Donations Income from Events Incoming resources Charitable Giving (Note 15) Balance at 1 January Balance at 31 December	2025 £ 302.50 789.90 1,092.40 -1,092.40 - -	2024 £ - 160.00
		160.00 -160.00 -
		-

Donations for charitable causes are normally passed on in the year received; donations and legacies received for other restricted purposes of the PCC may be accumulated. Income from Events comprises 50% of the net proceeds from the Christmas Fair. Details of giving to third parties are set out in Note 15.

NOTES TO THE FINANCIAL Statements (Continued) For the year ended 31 December 2025

11 RELATED PARTY TRANSACTIONS

1. The husband of PCC member and churchwarden Mrs Brenda Ross, Mr Leonard Ross, served as church organist throughout 2025. His remuneration of £3,200 is included in Note 13. Mr Ross was also paid for Organist services at weddings and Funerals (£220) and reimbursed £140 in connection with bills relating to the church organ

2. Churchwarden Mrs Brenda Ross claimed a total of £514.42 for expenses in connection with Church services.

3. Former Treasurer Mr Christopher Saunders claimed reimbursement of £220 for Garden Waste permits for the Vicarage, Church and Centre and £244.80 for website access renewal

4. Current Treasurer Mr Stephen Swift claimed reimbursement of £40 for expenses in connection with church services, £40 for expenses in connection with the celebration of the new wooden bench and £23.79 for the new Centre key lock box

5. The wife of the current Treasurer, Mrs Clare Swift was reimbursed £20 for the cost of a new Centre First Aid box

6. PCC member Mrs Janet Eilbeck was reimbursed £265 for expenses in connection with the Christmas Fair and Christmas cards

12 DONATIONS FROM PCC MEMBERS

During 2025 a total of £19,175 was donated by members of the PCC and related parties, through the Planned Giving Scheme and / or through one-off gifts, while they served as members of the PCC. This disclosure does not include any unidentified cash or anonymous donations which may have been received. The equivalent figure for 2024 was £16,801.98.

13 ORGAN & CHOIR Organist's retainer (including temporary cover) Maintenance & repair of organ and pianos Church music and RSCM subscription TOTAL 14 PARISH CENTRE Receipts from lettings etc Centre Manager Honorarium Cost of Repairs to Exterior of Centre Roof Running costs & maintenance (excluding depreciation and equipment expensed) Net contribution from Parish Centre operations to overheads before depreciation	2025 £ 3,280.00 1,372.16 137.00 4,789.16 2025 £ 30,619.50 -2,083.51 -14,184.00 -20,538.83 -6,186.84	2024 £ 3,280.00 929.64 359.60
		4,569.24
		2024 £ 26,168.00 -1,800.00 - -22,413.94
		1,954.06

The income and cost figures shown above are taken from Notes 2(d) and 3(b). Until November 2025, the Centre benefitted from a part-time manager whose honorarium is shown above. In November, the Centre Manager role was combined with the Church Secretary role and these tasks are henceforth covered by the newly recruited Parish Administrator. The costs of the Parish Administrator are not allocated to the Parish Centre cost centre. Secondly, the net contribution to overheads has been affected by the cost of repairs to the exterior of the roof of the Centre which were not covered by insurance. Finally, the PCC decided to purchase the acoustic panels necessary for the repair of the interior of the roof at a cost of £4600. These panels were covered by an insurance claim for all but the £100 excess and are not included in the analysis above.

NOTES TO THE FINANCIAL Statements (Continued) For the year ended 31 December 2025

15 MISSIONARY AND CHARITABLE GIVING

Missionary and charitable giving may be summarised as follows:

General Fund Tithing Fund (Unrestricted) Charities Fund (Restricted) Giving recorded within expenditure Agency collections and other giving not included within expenditure Total Giving Giving from the General Fund Friends of Rochester Cathedral Friends of Kent Churches Giving from the Tithing Fund Children's Society Church Mission Society Combat Stress Demelza House Domestic Abuse Volunteer Support Services Embrace The Middle East Hospice in the Weald Kenward Trust Kondoa, Tanzania Medecins sans Frontieres Mission Aviation Fellowship Mpwapwa, Tanzania Open Doors Rochester Poverty & Hope Appeal Royal Agricultural Benevolent Institution Samaritans, Sevenoaks Scotts Project Sevenoaks Counselling UNHCR UNICEF West Kent Debt Advice Giving from the Charities Fund Loaves and Fishes Porchlight (50% of the Christmas Fair Proceeds)	Total 2025 £ 30.00 12,000.00 1,092.40 13,122.40 1,636.19 14,758.59 20.00 10.00 30.00 - 500.00 - 800.00 500.00 500.00 800.00 600.00 - 700.00 1,300.00 900.00 500.00 500.00 500.00 400.00 500.00 1,800.00 - 700.00 500.00 12,000.00 Total 2025 £ 302.50 789.90 1,092.40	Total 2024 £ 30.00 15,370.00 160.00
		15,560.00 751.00
		16,311.00
		20.00 10.00
		30.00
		300.00 600.00 300.00 800.00 600.00 600.00 800.00 670.00 100.00 1,000.00 1,500.00 800.00 600.00 600.00 600.00 500.00 600.00 1,800.00 1,000.00 1,000.00 600.00
		15,370.00
		Total 2024 £ 160.00 -
		160.00

Giving from restricted funds represent funds collected for outside charities that have passed through the PCC's accounts and that have resulted from collections, fund raising events and other donations. The amounts include Gift Aid where appropriate.

Agency collections Christian Aid Combat Stress	812.00 135.00 947.00	751.00 -
		751.00

Agency collections are those where the amounts are paid direct to the charities concerned and are not included within expenditure. The figures do not include Gift Aid that the charities concerned can claim directly themselves.

Other giving includes donation to Friends of Kent Churches (£515) and Advent calendars (£174.19) for Loaves and Fishes.