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2025-12-31-accounts

REGISTERED CHARITY NUMBER: 1130653

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH FULHAM

Gibbons Mannington & Phipps LLP Chartered Accountants Landgate Chambers 24 Landgate Rye East Sussex TN31 7LJ

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH FULHAM

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

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Page
Report of the Trustees 1 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11 to 23
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH FULHAM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025

The trustees present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Parochial Church Council (PCC) of Christ Church Fulham has the responsibility of co-operating with the Rev James Bailey in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the Church building, Church Hall (also known as the CCF Centre) and a residential property at 55 Clancarty Road, Fulham SW6 3AH.

The Council see these objectives as being charitable activities for public benefit and confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.

Grantmaking

It is PCC policy to give grants to people on mission who have connection with Christ Church. Grants are considered by the mission-giving team and are reviewed annually a) whether the individual has a sufficient personal connection with Christ Church Fulham b) how much funding is being supplied to them from elsewhere and c) whether the nature of the project fits in with the vision of Christ Church and d) whether the project fits in with the charitable goals of the church . The church supported, financially a missionary family involved in drug rehabilitation work in South Africa.

The PCC also operate a 'hardship' fund to support congregational members and local people in financial need.

Page 1

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH FULHAM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025

ACHIEVEMENTS AND PERFORMANCE Charitable activities

The average Sunday morning attendance in 2025 was 84 adults (2024 -70).

Our worshipping community grew in 2025 to circa 150 people, an increase from approximately 92 in 2024.

Video recordings of the sermons continue to be made available online for the benefit of those who do not attend in person.

Our evolving marketing strategy saw an increase in engagement in 2025 via the proactive use of social media platforms including Instagram and YouTube, as well as more conventional media outlets such as newsletters and email broadcasts.

Working with the community through projects such as 'Play Café', has seen the church continue to connect weekly with approximately 40 families locally.

Alpha courses have been run during 2025, which has encouraged a number of adults and young people explore the Christian faith. A follow up discipleship course called 'Rooted' was also launched to complement Alpha.

As part of our 'Strengthening Families' initiative, 'The Marriage Course' was run for the first time at Christ Church and was attended by a several couples from the local community as well as from the congregation.

Christ Church Fulham is growing in its awareness, safeguarding and support for neuro-divergent children in Children's Church on a Sunday. This has included the introduction of a SEN (special educational needs) room. This year has also seen the launch of a support network, via dinner evenings, called 'You are not alone' for parents and carers of neuro-divergent children.

A weekly Children's Church programme has been run throughout 2025 as well as a weekly Youth group.

In-person and online life groups, where people meet to develop faith and relationships, continue to help to meet congregational members' pastoral needs. Prayer ministry has also been available at the end of church services as well as at other times during the week.

A number of services and events were held over Easter, with good numbers attending the Good Friday and Easter Sunday services. We also enjoyed a successful Spring Fair which saw several hundred people from the local community attend activities in the vicarage garden.

As an alternative to Halloween, the church once again invited the local community to join in a fun 'GLOW' party to celebrate the light of Jesus. The highlight of the evening was a lightshow and the handing out of over 1,000 glow sticks, as well as refreshments being provided on a cold evening to hundreds of families.

Over one hundred people, many from the local community and new to Christchurch, came to the 'Create for Christmas' wreath-making evening in December. This event once again, helped to launch a very successful Christmas programme of Carol services and events in the following weeks.

Regular maintenance of the church buildings continued during the year, including external brick work, damp remediation, heating unit repairs, lightning protection service and upgrade, emergency lighting servicing and maintenance, fire alarm and fire extinguisher servicing.

Christ Church received a de-carbonisation grant from the Church of England to change all our public lighting to energy-efficient LED lights.

The Robin Montessori nursery business continued to operate on site and the CCF 'Sports Hall' was rented to various music and dance groups for children.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH FULHAM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025

Christchurch Fulham is part of the Diocese of London

The Diocese of London is the largest in the Church of England, with over 400 churches serving a diverse population of 4.2m north of the Thames and west of the Lea, with a vision for every Londoner to encounter the love of God in Christ.

In 2025, the Church continued to grow according to indicative statistics, contributing to attendance increases of around 20% since 2022.

The London Diocesan Fund (LDF) serves, supports and resources all parts of the Diocese by funding around 540 paid clergy and providing essential services so every parish benefits from strong pastoral and missional leadership.

The Ministry Team supported the formation and development of 540 paid clergy, 204 self-supporting clergy, 114 Licensed Lay Ministers, as well as over 100 exploring ordained or lay ministry.

Most stipendiary clergy are housed by the LDF. The Housing team completed over 3,000 repairs and planned maintenance tasks, alongside major retrofitting to improve housing quality and energy efficiency, contributing to net zero goals.

Parishes received wide-ranging practical support for ministry. The Property and Fundraising team helped secure nearly £16m of external investment towards building renovations, community engagement and mission.

Safeguarding practice was strengthened further, with 95% of parishes now using safeguarding dashboards. INEQE carried out an independent audit of diocesan safeguarding, which will provide recommendations for how to build on progress made to create a safer church.

This work was funded through parish contributions via the Common Fund (£24.3m) and LDF generated income (£12.8m) from grants and investments.

The LDF has also generated additional funds for mission-focused projects, now totalling £40m across their collective lifespan. Great progress was made in 2025, including:

The Diocese also celebrated Bishop Sarah's appointment as Archbishop of Canterbury, giving thanks for her eight years as Bishop of London, marked by committed support for parish ministry, mission, safeguarding, and the diocesan priorities of becoming younger, safer and more racially just.

FINANCIAL REVIEW

Financial position

The PCC have monitored the budget closely during 2025, keeping costs as low as possible. By God's grace and generous giving we received income of £383,663 (2024: £376,066).

Expenditure (including restricted) totalled £402,129 (2024: £426,659).

The church recorded a deficit for the year ended 31 December 2025 totalling £18,466 (2024: deficit £50,593).

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH FULHAM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025

FINANCIAL REVIEW

Reserves policy

The charity policy is to maintain a level of reserves which will provide a stable base for its continuing activities and most particularly staff salaries. The church's income is primarily voluntary donations from its church membership, and the Council puts a high value on deploying that income directly into the mission work and mission giving of the church. As a result, in recent years there has been no surplus to build up reserves. If it needed to, the church could approach the membership for additional giving and can also seek advice and support from the central Church of England structure, which operates a 'Common Fund' in support of less financially robust parishes. However, the council aspires to build up undesignated free reserves over the forthcoming year.

As at 31 December 2025, Christ Church had unrestricted assets of £2,178,347 (2024: £2,191,933) this includes designated funds. The unrestricted assets include the Church Hall and 55 Clancarty Road.

At 31 December 2025, cash at bank and in hand was £66,485 (2024: £37,435) comprising £1,927 (Hardship fund) and £64,558 in unrestricted funds.

Going concern

Financial uncertainties regarding the charity's financial sustainability and consideration of going concern

Overall income in 2025 was £383,663, 2024 was £376,066.

Voluntary giving to the church has continued to be very generous, totalling £276,416 including Gift Aid claimed. Gift Days were held in April and October 2025 yielding donations of £25,000 (plus Gift Aid on most of this). The remaining donations were mainly by regular standing order and credit card, including donations via the website and via tap and go stations.

Income from the Robin Montessori Nursery and hall hirers grew from £84,271 in 2024 to £96,598 in 2025.

Steps being taken to address any financial uncertainties

CCF maintains a consistent prioritisation process for expenditure to ensure the balance of income and expenditure: salaries, buildings, utilities and commitments to the Diocesan Common Fund.

Staffing numbers were constant during 2025, with only one staff member leaving and being replaced.

Accordingly, the Council believe that Christ Church Fulham continues to be in a position to operate as a going concern.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is governed by the Parochial Church Councils (Powers) Measure 1956 as amended and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended).

Staff remuneration

The Council reviews the staff salaries on an annual basis and for individual roles when there is a change in staff. Annual staff adjustments are made by evaluating the economic climate and what is happening within the employment market as a whole. When setting salaries for individual roles, the Council conducts a comparison with similar jobs within the London area both within the secular and charity markets.

As at 31st December 2025, six staff were employed by the Council (3.3 Full Time Equivalent): Worship Director, Families Pastor, Operations Manager, Operations Administrator, Site Manager and a Cleaner, in addition to the Vicar who is remunerated by the Diocese.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH FULHAM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management

The Council have examined the major strategic, business, and operational risks which the charity faces and confirms that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks. The risk assessment is reviewed on an annual basis.

The primary areas of risk assessment are:

Page 5

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH FULHAM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT Structure

The PCC operates primarily through the Standing Committee, which meets in addition to the meetings of the PCC and covers Finances, Property, Safeguarding and HR. The Standing Committee then reports to the PCC. The PCC's Standing Committee, which is required by law, has the power to transact the business of the PCC between its meetings, subject to any directions given by the Council. It comprises of a minimum of the Incumbent, Churchwardens and Treasurer.

Members of the Parochial Church Council are elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules.

The Council who served during the year and up to the date of signature of the financial statements were:

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||| |---|---| |Rev James Bailey| |John Griffiths| |Clive Mills| |Rachel Tamale|(Appointed May 2025)| |Alice Parsons|(Resigned January 2025)| |Sally Tantot|(Resigned January 2025)| |Richard Tootill| |Anita Milne|(Resigned December 2025)| |Gregory Bean| |Richard Read| |Kate O'Sullivan| |Oyinnoyi Onozuto|(Resigned January 2025)| |Abigail Hunter|(Resigned January 2025)| |Katrin Sterland|(Resigned January 2025)| |Megan Forster|(Appointed May 2025)| |(Resigned September 2025)|

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As with past years Christ Church, as an established Anglican parish church, will continue to undertake its responsibilities to the local community in that capacity. Christ Church's overall ministry is about actively seeking to extend the Kingdom of God, both in the lives of members of the congregation and in those with whom we come into contact. Ministry priorities are set by the incumbent, consulting members of the Council and others as appropriate.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1130653

Principal address Christchurch 67 Studdridge Street London SW6 3TD

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH FULHAM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025

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|||| |---|---|---| |Trustees| |Chair|The Rev James Bailey| |Churchwardens|Anita Milne|(Resigned December 2025)| |Council Members|John Griffiths| |Clive Mills| |Rachel Tamale|(Appointed May 2025)| |Alice Parsons|(Resigned January 2025)| |Sally Tantot|(Resigned January 2025)| |Richard Tootill| |Anita Milne|(Resigned December 2025)| |Gregory Bean| |Richard Read| |Kate O'Sullivan| |Oyinnoyi Onozuto|(Resigned January 2025)| |Abigail Hunter|(Resigned January 2025)| |Katrin Sterland|(Resigned January 2025)| |Megan Forster|(Appointed May 2025)| |(Resigned September 2025)| |Treasurer|Richard Tootill| |Independent Examiner| |Mr Joseph Greenslade FCCA| |Gibbons Mannington & Phipps LLP| |Chartered Accountants| |Landgate Chambers| |24 Landgate| |Rye| |East Sussex| |TN31 7LJ| |Bankers| |National Westminster Bank Plc| |45 Fulham Broadway| |London| |SW6 1AG|

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Approved by order of the board of trustees on 14 May 2026 and signed on its behalf by:

Rev J Bailey - Trustee

Page 7

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH FULHAM

Independent examiner's report to the trustees of The Parochial Church Council of the Ecclesiastical Parish of Christ Church Fulham

I report to the charity trustees on my examination of the accounts of The Parochial Church Council of the Ecclesiastical Parish of Christ Church Fulham (the Trust) for the year ended 31 December 2025.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

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

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr Joseph Greenslade FCCA

Gibbons Mannington & Phipps LLP Chartered Accountants Landgate Chambers 24 Landgate Rye East Sussex TN31 7LJ

14 May 2026

Page 8

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH FULHAM

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
Other trading activities
4
Investment income
5
Total
EXPENDITURE ON
Raising funds
6
Charitable activities
7
Charitable activities
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
276,416
103,343
337
380,096
7,777
385,905
393,682
(13,586)
2,191,933
2,178,347		 2025
Restricted
Total
funds
funds
£
£
3,500
279,916
-
103,343
67
404
3,567
383,663
-
7,777
8,447
394,352
8,447
402,129
(4,880)
(18,466)
6,807
2,198,740
1,927
2,180,274		 2024
Total
funds
£
270,301
105,362
403
376,066
7,517
419,142
426,659
(50,593)
2,249,333
2,198,740

The notes form part of these financial statements

Page 9

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH FULHAM

BALANCE SHEET 31 DECEMBER 2025

Notes
FIXED ASSETS
Tangible assets
14
CURRENT ASSETS
Debtors
15
Prepayments and accrued income
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
16
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one
year
17
NET ASSETS
FUNDS
19
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
2,171,915
1,890
15,248
64,558
81,696
(52,964)
28,732
2,200,647
(22,300)
2,178,347		 Restricted
funds
£
-
-
-
1,927
1,927
-
1,927
1,927
-
1,927		 2025
Total
funds
£
2,171,915
1,890
15,248
66,485
83,623
(52,964)
30,659
2,202,574
(22,300)
2,180,274
2,178,347
1,927
2,180,274		 2024
Total
funds
£
2,240,752
3,369
13,392
37,435
54,196
(47,730)
6,466
2,247,218
(48,478)
2,198,740
2,191,933
6,807
2,198,740

The financial statements were approved by the Board of Trustees and authorised for issue on 14 May 2026 and were signed on its behalf by:

J Bailey - Trustee

The notes form part of these financial statements

Page 10

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH FULHAM

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

1. STATUTORY INFORMATION

The Parochial Church Council of Christ Church Fulham is a an unincorporated charity, registered in England & Wales. The charity's registered number and registered office address can be found in the Report of the Trustees.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance 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.

CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the charity’s accounting policies, the Council are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

INCOME

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity, and it is probable that those conditions will be fulfilled in the reporting period. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on a case-by-case basis following the granting of probate when the administrator / executor for the estate has communicated to the charity in writing both the amount and settlement date. If the amount is not known, the legacy is treated as a contingent asset.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

EXPENDITURE

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

continued...

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH FULHAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

2. ACCOUNTING POLICIES - continued

EXPENDITURE

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use.

Irrecoverable VAT is charged against the expenditure heading for which it was incurred.

Grants payable are payments made to third parties in the furtherance of the charitable objects of the Trust. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expectation that they will receive the one-year or multi-year grant. Grants awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled condition attaching to that grant is outside of the control of the charity.

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty as to the timing of the grant or the amount of grant payable.

Support costs have been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to statutory audit and legal fees together with an apportionment of overhead and support costs.

Governance costs and support costs relating to charitable activities have been apportioned based on the number of individual grant awards made in recognition that the administrative costs of awarding, monitoring, and assessing research grants, salary support grants and postgraduate scholarships are broadly equivalent. The allocation of support and governance costs is analysed in note 9.

TANGIBLE FIXED ASSETS

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

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||| |---|---| |Freehold property|- 2% on cost| |Improvements to property|- 10% on cost| |Fixtures and fittings|- 25% on cost| |Computer equipment|- 25% on cost|

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Property, plant and equipment other than freehold land are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Assets costing £500 or more are capitalised.

Freehold land is not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

continued...

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH FULHAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

2. ACCOUNTING POLICIES - continued

TANGIBLE FIXED ASSETS

Impairment of non-current assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

TAXATION

The charity is exempt from tax on its charitable activities.

FUND ACCOUNTING

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

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

GOING CONCERN

The Trustees have considered the future cash flows and they consider it appropriate to prepare the financial statements on a going concern basis.

CASH AND CASH EQUIVALENTS

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

FINANCIAL INSTRUMENTS

The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

BASIC FINANCIAL ASSETS

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

continued...

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH FULHAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

2. ACCOUNTING POLICIES - continued

BASIC FINANCIAL LIABILITIES

Basic financial liabilities, including trade and other payables are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

EMPLOYEE BENEFITS

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

CONSECRATED LAND AND BUILDINGS

Consecrated and beneficial property is excluded from the accounts by s.10 (27a and c) of the Charities Act 2011.

3.
DONATIONS AND LEGACIES
Individual giving
Other donations
Gift aid
Grants
Grants received, included in the above, are as follows:
Other grants
4.
OTHER TRADING ACTIVITIES
Events and conferences
Nursery income
Rent received
Church Hall and other lettings
Other income		 2025
£
219,087
8,315
49,014
3,500
279,916
2025
£
3,500
2025
£
500
68,940
-
27,658
6,245
103,343		 2024
£
195,470
9,428
52,203
13,200
270,301
2024
£
13,200
2024
£
55
57,733
10,000
26,538
11,036
105,362

continued...

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH FULHAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

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5. INVESTMENT INCOME
2025 2024
£ £
Deposit account interest 404 403
6. RAISING FUNDS
RAISING DONATIONS AND LEGACIES
2025 2024
£ £
Staff costs 5,832 4,702
Support costs 1,945 2,815
7,777 7,517
7. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 8) note 9) Totals
£ £ £
Charitable activities 353,015 41,337 394,352
8. DIRECT COSTS OF CHARITABLE ACTIVITIES
2025 2024
£ £
Staff costs 110,834 89,338
Overseas Mission Giving 6,000 13,904
Ministry: Diocesan quota 69,000 59,270
Ministry: Other costs 27,428 22,798
Church maintenance 36,149 39,240
-
Other property costs 12,276
Church - Running expenses 29,261 40,414
Depreciation 68,838 72,925
Interest payable and similar charges 5,505 7,003
353,015 357,168
9. SUPPORT COSTS
Governance
Management costs Totals
£ £ £
-
Raising donations and legacies 1,945 1,945
Charitable activities 36,927 4,410 41,337
38,872 4,410 43,282
----- End of picture text -----

continued...

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH FULHAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

9. SUPPORT COSTS - continued

Support costs, included in the above, are as follows:

Raising
donations
and
Charitable
legacies
activities
£
£
Insurance
421
7,993
Telephone and internet
100
1,904
Postage, stationery and advertising
374
7,096
Sundries
-
-
Computer expenses
524
9,950
Staff welfare
174
3,302
Bookkeeping
352
6,682
Independent examiners' remuneration
-
4,410
Legal fees
-
-
1,945
41,337		 2025
Total
activities
£
8,414
2,004
7,470
-
10,474
3,476
7,034
4,410
-
43,282		 2024
Total
activities
£
8,745
1,847
13,730
2,991
10,187
11,199
7,590
4,200
4,300
64,789

10. INDEPENDENT EXAMINERS' REMUNERATION

Fees payable to the charity's independent examiners for the
independent examination of the charity's financial statements		 31.12.25
£
4,410
4,410		 31.12.24
£
4,200
4,200

11. TRUSTEES' REMUNERATION AND BENEFITS

No Council members have been paid remuneration or have received other benefits from employment of Office Holding with the Church. Council only receive remuneration in respect of services they provide undertaking their employment roles under their contracts of employment and not in respect of their services as Council.

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 31 December 2025.

Included within income are donations received from the members of the PCC totalling £63,909 (2024: £76,396), excluding small cash offerings which are unable to be determined.

continued...

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH FULHAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

----- Start of picture text -----
12. STAFF COSTS
2025 2024
£ £
Wages and salaries 111,428 88,288
Social security costs 1,552 1,455
Other pension costs 3,686 4,297
116,666 94,040
The average monthly number of employees during the year was as follows:
2025 2024
Charitable activities 6 4
No employees received emoluments in excess of £60,000.
Remuneration of key management personnel
The remuneration of key management personnel is as follows.
2025 2024
£ £
Aggregate remuneration 37,115 20,871
13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 261,401 8,900 270,301
-
Other trading activities 105,362 105,362
Investment income 403 - 403
Total 367,166 8,900 376,066
EXPENDITURE ON
-
Raising funds 7,517 7,517
Charitable activities
Charitable activities 409,769 9,373 419,142
Total 417,286 9,373 426,659
NET INCOME/(EXPENDITURE) (50,120) (473) (50,593)
Transfers between funds 2,500 (2,500) -
Net movement in funds (47,620) (2,973) (50,593)
RECONCILIATION OF FUNDS
Total funds brought forward 2,239,553 9,780 2,249,333
----- End of picture text -----

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH FULHAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£		 13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£		 - continued
Restricted
Total
funds
funds
£
£		 - continued
Restricted
Total
funds
funds
£
£
TOTAL FUNDS CARRIED FORWARD 2,191,933 6,807 2,198,740
14.
TANGIBLE FIXED ASSETS
Improvements
Freehold
to
property
property
£
£
COST
At 1 January 2025 and
31 December 2025
3,116,164
55,728		 Fixtures
and
fittings
£
14,826		 Computer
equipment
£
64,592		 Totals
£
3,251,310
DEPRECIATION
At 1 January 2025
912,410
26,031
Charge for year
60,509
5,572		 14,826
-		 57,291
2,756		 1,010,558
68,837
At 31 December 2025
972,919
31,603		 14,826 60,047 1,079,395
NET BOOK VALUE
At 31 December 2025
2,143,245
24,125		 - 4,545 2,171,915
At 31 December 2024
2,203,754
29,697		 - 7,301 2,240,752

The freehold land and buildings comprise of 55 Clancarty Road, London, SW6 3AH and the Church Hall.

15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Other debtors		 2025
£
1,890
-
1,890		 2024
£
2,346
1,023
3,369

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH FULHAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

16.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other loans (see note 18)
Trade creditors
Other creditors
Accrued expenses		 2025
£
26,000
14,346
6,443
6,175		 2024
£
18,000
11,196
11,305
7,229
52,964 47,730
17.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025
£
Other loans (see note 18)
22,300		 2024
£
48,478
18.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Other loans		 2025
£
26,000		 2024
£
18,000
Amounts falling between one and two years:
Other loans - 1-2 years		 22,300 18,000
Amounts falling due between two and five years:
Other loans - 2-5 years		 - 30,478
As at 31 December 2025, the charity owed an amount of £48,300 to the Diocese of Lond
Interest at the rate of 2% per annum over the Bank of England base rate is payable on the loan.
19.
MOVEMENT IN FUNDS
Net
movement
At
At 1/1/25
in funds
31/12/25
£
£
£
Unrestricted funds
General fund
5,510
46,364
51,874
Designated Fund: 55 Clancarty Road
801,518
(23,900)
777,618
Designated Fund: Church Hall
1,384,905
(36,050)
1,348,855
2,191,933
Restricted funds
Hardship
1,890
Hammersmith & Fulham Council
2,767
Daisy Trust
2,150		 (13,586)
37
(2,767)
(2,150)		 2,178,347
1,927
-
-
6,807 (4,880) 1,927
TOTAL FUNDS
2,198,740		 (18,466) 2,180,274

As at 31 December 2025, the charity owed an amount of £48,300 to the Diocese of London. Interest at the rate of 2% per annum over the Bank of England base rate is payable on the loan.

continued...

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH FULHAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

19. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Designated Fund: 55 Clancarty Road
Designated Fund: Church Hall
Restricted funds
Hardship
Hammersmith & Fulham Council
Daisy Trust
Acorn Oak SEN
Diocese Lighting
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Designated Fund: 55 Clancarty Road
Designated Fund: Church Hall
Restricted funds
Hardship
Church Revitalisation Trust
Hammersmith & Fulham Council
Daisy Trust
TOTAL FUNDS
At 1/1/24
£
(6,820)
825,418
1,420,955
2,239,553
4,780
5,000
-
-
9,780
2,249,333		 Incoming
resources
£
380,096
-
-
380,096
67
-
-
500
3,000
3,567
383,663
Net
movement
in funds
£
9,830
(23,900)
(36,050)
(50,120)
(390)
(5,000)
2,767
2,150
(473)
(50,593)		 Resources
expended
£
(333,732)
(23,900)
(36,050)
(393,682)
(30)
(2,767)
(2,150)
(500)
(3,000)
(8,447)
(402,129)
Transfers
between
funds
£
2,500
-
-
2,500
(2,500)
-
-
-
(2,500)
-		 Movement
in funds
£
46,364
(23,900)
(36,050)
(13,586)
37
(2,767)
(2,150)
-
-
(4,880)
(18,466)
At
31/12/24
£
5,510
801,518
1,384,905
2,191,933
1,890
-
2,767
2,150
6,807
2,198,740

continued...

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH FULHAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

19. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Designated Fund: 55 Clancarty Road
Designated Fund: Church Hall
Restricted funds
Hardship
Church Revitalisation Trust
Hammersmith & Fulham Council
Daisy Trust
Benefact Trust
TOTAL FUNDS		 Incoming
resources
£
367,166
-
-
367,166
-
-
5,000
2,150
1,750
8,900
376,066		 Resources
expended
£
(357,336)
(23,900)
(36,050)
(417,286)
(390)
(5,000)
(2,233)
-
(1,750)
(9,373)
(426,659)		 Movement
in funds
£
9,830
(23,900)
(36,050)
(50,120)
(390)
(5,000)
2,767
2,150
-
(473)
(50,593)

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

Unrestricted funds
General fund
Designated Fund: 55 Clancarty Road
Designated Fund: Church Hall
Restricted funds
Hardship
Church Revitalisation Trust
TOTAL FUNDS		 At 1/1/24
£
(6,820)
825,418
1,420,955
2,239,553
4,780
5,000
9,780
2,249,333		 Net
movement
in funds
£
56,194
(47,800)
(72,100)
(63,706)
(353)
(5,000)
(5,353)
(69,059)		 Transfers
between
funds
£
2,500
-
-
2,500
(2,500)
-
(2,500)
-		 At
31/12/25
£
51,874
777,618
1,348,855
2,178,347
1,927
-
1,927
2,180,274

continued...

Page 21

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH FULHAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

19. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Designated Fund: 55 Clancarty Road
Designated Fund: Church Hall
Restricted funds
Hardship
Church Revitalisation Trust
Hammersmith & Fulham Council
Daisy Trust
Benefact Trust
Acorn Oak SEN
Diocese Lighting
TOTAL FUNDS		 Incoming
resources
£
747,262
-
-
747,262
67
-
5,000
2,150
1,750
500
3,000
12,467
759,729		 Resources
expended
£
(691,068)
(47,800)
(72,100)
(810,968)
(420)
(5,000)
(5,000)
(2,150)
(1,750)
(500)
(3,000)
(17,820)
(828,788)		 Movement
in funds
£
56,194
(47,800)
(72,100)
(63,706)
(353)
(5,000)
-
-
-
-
-
(5,353)
(69,059)

Designated Funds:

55 Clancarty Road - This represents the property at 55 Clancarty Road, London, SW6 3AH.

Church Hall - This represents the initial cost of the building and subsequent capital refurbishment costs incurred to date.

Restricted Funds:

Hardship - This fund is generated by fundraising appeals for specific future projects. The Hardship fund was set up in 2020 to meet the need of the congregation impacted by the pandemic.

Church Revitalisation Trust - This restricted funding relates to a grant received for any costs relating to the setup of the church plant or operational costs.

Hammersmith & Fulham Council - This restricted grant was received for community activities.

Daisy Trust - This restricted funding has been received in relation to equipping a SEN room.

Benefact Trust - This restricted grant funding has contributed to the upgrading of the fire system.

Acorn Oak SEN - Acorn Oak is a Neurodivergent service company run by a church member. This £500 restricted gift was given to contribute to the neuro divergent support evening 'You Are Not Alone' and also for wider SEN work of the church.

Diocese Lighting - The Church of England granted Christchurch Fulham a £3,000 Decarbonisation grant for our Net Zero Carbon project to replace all our church lights in public spaces to LED.

continued...

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH FULHAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

20. RELATED PARTY DISCLOSURES

Transactions with related parties are included in note 11.

Page 23