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2025-12-31-accounts

Registered Charity Number: 1130673

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN LOUGHTON TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025

MENZIES LLP CHARTERED ACCOUNTANTS

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN LOUGHTON

Contents

Page
PCC members and advisors 1
Report of the PCC 2
Statement of the PCC Responsibilities 5
Report of the independent examiners 6
Statement of Financial Activities 7
Balance Sheet 8
Statement of Cash Flows 9
Notes to the Financial Statements 10

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN LOUGHTON

PAROCHIAL CHURCH COUNCIL MEMBERS AND ADVISORS FOR THE YEAR ENDING 31 DECEMBER 2025

Incumbent and Chair of PCC

Revd Malcolm Macdonald

Curate

Revd Matt White (resigned May 2025) Revd Ruth How

Churchwardens

Michael Smith Louise Kuilenberg

Assistant Churchwardens Elected Members

Paul Curry

Richard Milne – Treasurer and Vice Chair David Dronsfield Brenda Miller Pauline Manning Matthew Ayers Chris Elwes Joy Washington Richard Payne Phil Woolston Yvonne Merle (appointed 5 May 2025)

Co-opted Members

Amanda Hart – PCC Secretary

Representatives on the Deanery Synod

Carol Hartley Brooke Smith Sylvia Lambden

Contact Address

201 High Road Loughton Essex IG10 1BB

Independent Examiners

Menzies LLP One Express 1 George Leigh Street Manchester M4 5DL

1

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN LOUGHTON

REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2025

PCC Chairman’s Report - 2025

Objectives

The objectives of the charity are promoting the mission of the church in the ecclesiastical parish.

2025 Reflections

We started the year with a vision night called, ‘Get Ready. The mission and ministry of St Mary’s in 2025 saw us reach thousands of people with the good news of God’s love. Through our many regular mission and ministry communities, events, services and projects, we see a footfall in the church of around 4,000 people each month. Our mission vision is big and we are grateful for so many people serving on teams, which reach out to so many people on a regular basis. We are being salt and light in Epping Forest. We long to empower everyone to encounter God, come to faith, make disciples and reach others in Jesus’ name.

Highlights to give thanks for:

Staffing & Leadership

The PCC, which has the responsibility, together with the Vicar, to promote the mission of the Church within the Parish, met eight times during the year. The Standing Committee met five times during the year as the executive of the PCC.

Ignite ministry was also led in 2025 by a Leadership Team: Sam Clayfield (pre-school ages) and Eleni Constantinou (primary ages). The team included Michelle Stanesby (ignite Administrator), Matt White (Curate) and Malcolm Macdonald (Vicar). Hin Cheung joined the team in April as ignite Coordinator.

There were a number changes to the staff team in 2025.

2

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN LOUGHTON

REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2025

There are also a few people to mention who are not technically on the staff team but are really part of the team as far as I am concerned. They are doing phenomenal work on a daily basis.

Public Benefit

The trustees confirm that they have complied with their duty under section 17 of the Charities Acts 2011 in respect of public benefit guidance published by the charity commission.

Policies for the recruitment, appointment, induction and training of new staff . The following applies to appointments made by St Mary’s PCC.

Financial Report for 2025

I want to underline my thanks to the church family for continuing to give. As I am sure you will appreciate, even when closed, we have significant monthly expenses, and your generosity helps us keep going. It costs a lot to run St Mary’s.

We are aware that we are always called to be generous and sacrificial in giving. We are glad to report that we have been able to meet our essential spending requirements and be generous. It is important to remember that as a church family we depend on the giving of God’s people to sustain mission and ministry.

We paid our Parish Share in full and during the year were able to support St Michaels parish share significantly. We also supported a significant number of Mission Partners as well as helping people in need on a discretionary basis.

Once again, I would like to thank our finance team for 2025. They have all served voluntarily and with integrity and commitment. Many thanks to Richard Milne (Treasurer), Martin Huff (Finance Administrator) and Nicola Leach (Payroll & Furlough Administrator) for their outstanding quality of work in fulfilling their role of keeping St Mary’s finances in good order. Thank you also to Zac Cook for overseeing Gift Aid and also a big thank you to Peter Blake and Zac Cook who oversaw recording and banking the Sunday offerings and Café Hope takings.

Regular checks are made (by finance team, PCC and Standing Committee) on the spending against the budget and we are always seeking to take measures to reduce wastage.

The total income received in 2025 was £411,971, with expenditure being £480,428. These figures take into account a £63,492 depreciation value. Our cash reserves on 31 December 2025 stood at £120,126.

Total reserves at 31 December 2025 stood at £2,154,862 (2024: £2,223,319) and comprised of restricted funds of £2,038,577 (2024: £2,088,205) and unrestricted funds £116,285 (2024: £135,114). The Trustees review the charity’s reserves policy annually and aim to hold three months of fixed staff and running costs

3

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN LOUGHTON

REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2025

We do encourage every member of St Mary’s to give generously. We are grateful for the generosity of the church family and know we can be confident that God will provide.

Once again, thank you St Mary’s for everything in this year we will never forget. You are amazing. Praise the Lord!

On behalf of the PCC of St. Mary the Virgin, Loughton Revd Malcolm Macdonald (PCC Chair)

4

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN LOUGHTON

STATEMENT OF THE PAROCHIAL CHURCH COUNCIL’S RESPONSIBILITIES FOR PREPARATION OF THE FINANCIAL STATEMENTS

The Parochial Church Council is 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 and Wales requires the Council to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the church and of the incoming resources and application of resources of the church for that period. In preparing these financial statements, the Council is required to:

The Council is responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the church and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Church Accounting Regulations 2006. They are also responsible for safeguarding the assets of the church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

5

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN LOUGHTON

INDEPENDENT EXAMINER'S REPORT TO THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN LOUGHTON

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2025 which are set out on pages 10 to 20.

Respective responsibilities of trustees and examiner

The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member. It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission.

An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Helen Binns FCA Menzies LLP Chartered Accountants One Express 1 George Leigh Street Manchester M4 5DL

Date: 11.03.2026

6

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN LOUGHTON

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2025

Note
Income and
endowments from:
Donations and
legacies
2
Charitable activities
3
Investments
4
Other
5
Total income and
endowments
Expenditure on:
Raising funds
6
Charitable activities
6
Other
Total expenditure
Transfers
Net movement in
funds
Reconciliation of
funds:
Total funds brought
forward
15
Total funds carried
forward
15		 2025
Unrestricted
funds
Restricted
Hope Centre
Restricted
Living Hope
Restricted
Church Hall
Restricted
Other
Total
£
£
£
£
£
£
279,336
-
-
-
-
279,336
32,727
-
10,955
-
-
43,682
2,120
-
-
-
-
2,120
63,483
-
-
-
23,350
86,833
377,666
-
10,965
-
23,350
411,971
55,226
-
-
-
-
55,226
346,137
21,259
11,149
35,140
11,517
425,202
-
-
-
-
-
-
401,363
21,259
11,149
35,140
11,517
480,428
4,868
-
-
-
(4,868)
-
(18,829)
(21,259)
(194)
(35,140)
6,965
(68,457)
135,114
914,305
194
1,165,385
8,321
2,223,319
135,114
893,046
-
1,130,245
15,286
2,154,862		 2024
Total
£
289,261
48,949
4,399
60,357
402,966
45,378
419,224
-
464,602
-
(61,636)
2,284,955
2,223,319

All income and expenditure derive from continuing activities.

The statement of financial activities includes all gains and losses recognised during the year.

7

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN LOUGHTON

BALANCE SHEET AS AT 31 DECEMBER 2025

Note
Fixed assets
Tangible assets
12
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within one year
14
Net current assets / (liabilities)
Total assets less current liabilities
Net assets / (liabilities)
Charity Funds
Restricted funds
15
Unrestricted funds
15
Total charity funds / (deficit)
15		 2025
£
2,042,498
2,042,498
4,293
120,126
124,419
(12,055)
112,364
2,154,862
2,154,862
2,038,577
116,285
2,154,862		 2024
£
2,099,696
2,099,696
15,683
118,556
134,194
(10,571)
123,623
2,223,319
2,223,319
2,088,205
135,114
2,223,319

The financial statements were approved and authorised for issue by the Trustees on ……………………………………….... Signed on behalf of the board of trustees:

Name: Malcolm Macdonald

Role: PCC Chair

Name: Richard Milne Role: PCC Treasurer

Date:

Date:

The notes on pages 10 to 20 form part of these financial statements.

8

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN LOUGHTON

STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31 DECEMBER 2025

Note
Cash flow from operating activities
17
Net cash flow from operating activities
Cash flow from/(for) investing activities
Payments to acquire tangible fixed assets
Interest received
Net cash flow from/(for) investing activities
Cash flow from financing activities
Net cash flow from financing activities
Net increase / (decrease) in cash and cash equivalents
Cash and cash equivalents at 1 January
Cash and cash equivalents at 31 December
Cash and cash equivalents consists of:
Cash at bank and in hand
Short term deposits
Cash and cash equivalents at 31 December		 2025
£
(5,744)
(5,744)
(6,294)
2,120
(4,174)
-
-
1,570
118,556
120,126
120,126
-
120,126		 2024
£
(13,025)
(13,025)
(2,136)
4,399
2,263
-
-
(10,762)
129,318
118,556
118,556
-
118,556

9

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN LOUGHTON

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

1. PRINCIPAL ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared under the historical cost convention on an accruals basis. The financial statements have been prepared in accordance with the Charities Act 2011, Church Accounting Regulations 2006 together with the Financial Reporting Standard FRS 102 and the Charity Commission Statement of Recommended Practice: Charities SORP (FRS 102). The address of the registered office is given in the charity information on page 1 of these financial statements.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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) issued on 5 October 2018 the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, and UK Generally Accepted Accounting Practice.

Incoming resources

Giving and other voluntary income, rent, room hire and advertising income is recognised when it is receivable. Gift aid refunds were also shown on an accruals basis.

Funds raised through fetes and similar events are accounted for gross with associated expenses shown on the accounts.

Legacies

For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.

Grants receivable

Revenue grants are credited to the income and expenditure account over the period to which they relate.

Outgoing resources (expenditure)

Expenditure is recognised when it is due (accruals basis) not when it is paid. Amounts are stated inclusive of VAT as the church is unable to recover this.

Tangible assets

10

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN LOUGHTON

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

1. PRINCIPAL ACCOUNTING POLICIES (continued)

Debtors

Amounts receivable (or paid in advance) at the end of the period are included in the accounts under debtors. These include invoiced service and prepaid expenditure.

Liabilities

Amounts payable at the end of the period are included in the accounts under amounts payable within or after one year as appropriate. This includes amounts due to suppliers and accrued expenditure (due but not invoiced).

Restricted and designated funds

Funds received for specific purposes are funds restricted for use for that purpose. The Parochial Church Council may designate part of the accumulated surplus for certain purposes. In either case those funds are shown separately in the accounts.

Parochial Church Council remuneration

During the year the church employed one full-time operations manager who was a member of the PCC. However, remuneration was not received in respect of their capacity as PCC members or Representatives, these costs are shown under note 18. Otherwise, no PCC members received any remuneration during the year.

Staff costs

The church employed a Cleaner, a Caretaker, an Administrator, a Worship Pastor, an Operations Manager, a Café Hope Co-ordinator, two Café Hope Missioners, a Living Hope Co-ordinator, a Living Hope Assistant and a Co-ordinator for Ignite Children’s Ministry. The costs are shown in the accounts in notes 10 & 11.

Clergy are paid by the Diocese and are not employees of the Parochial Church Council. Expenses incurred by the clergy on behalf of the church are reimbursed and shown in note 9 to the accounts.

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN LOUGHTON

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

1. PRINCIPAL ACCOUNTING POLICIES (continued)

Judgements and key sources of estimation uncertainty

The following judgements (apart from those involving estimates) have been made in the process of applying the above accounting policies that have had the most significant effect on amounts recognised in the financial statements:

Income is recognised when it is probable that it will be received at the best estimate available, e.g. Gift Aid recoverable based on donations received.

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year include:

Tangible fixed assets . Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In reassessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Financial instruments

Financial instruments such as accounts payables, accounts receivables and cash are classified either as basic or complex. All financial instruments are initially measured at their fair values at the time the transactions occur. Subsequently all basic instruments are measured at amortised cost and all complex financial instruments are measured at a fair value through the comprehensive income.

Financial instruments held by the charity are classified as follows:

12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN LOUGHTON

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

2 Income from donations and legacies

Gifts (Gift Aid)
Direct giving
Gift aid recovery
Gifts (Non Gift Aid)
Direct giving
Legacies
3
Income from charitable activities
Rent and lettings
Away weekend
Other activities
Other functions
Ignite
£10,955 (2024: £3,375) of the other functions income is restricted.
4
Income from investments
Bank interest and dividends
5
Other income
Church fees received
Coffee shop
Grant received		 2025
£
135,715
53,034
90,587
-		 2024
£
137,833
49,804
101,624
-
279,336 289,261
2025
£
20,293
-
243
20,629
2,517
43,682
2025
£
2,120
2,120
2025
£
3,886
59,597
23,350
86,833		 2024
£
19,621
3,491
73
23,509
2,255
48,949
2024
£
4,399
4,399
2024
£
1,117
49,627
9,613
60,357

13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN LOUGHTON

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

6 Analysis of resources expended

Staff Costs
Other
Direct
Costs
Other
Allocated
Costs
Total
2025
£
£
£
£
Cost of generating funds
Coffee shop
30,301
24,925
-
55,226
Cost of functions
-
-
-
-
30,301
24,925
-
55,226
Charitable activities
Missionary & charitable
work
-
11,200
-
11,200
Parish running cost
-
102,312
70,597
172,909
Church support cost
114,240
104,897
1,196
220,333
Governance costs
-
-
7,219
7,219
Youth work
10,582
2,958
-
13,540
124,822
221,367
79,012
425,201
Other
Church roof repairs
-
-
-
-
-
-
-
-
Total expenditure
155,123
246,292
79,012
480,427

Governance costs
2025
£
Trustee expenses
9
3,979
Independent examiners remuneration (including expenses and
benefits in kind)
8
3,240
7,219		 Staff Costs
Other
Direct
Costs
Other
Allocated
Costs
Total
2025
£
£
£
£
30,301
24,925
-
55,226
-
-
-
-		 Total
2024
£
45,378
-
30,301
24,925
-
55,226
-
11,200
-
11,200
-
102,312
70,597
172,909
114,240
104,897
1,196
220,333
-
-
7,219
7,219
10,582
2,958
-
13,540		 45,378
15,300
164,247
218,001
8,290
13,386
124,822
221,367
79,012
425,201
-
-
-
-		 419,224
-
-
-
-
-		 =
464,602
2024
£
4,834
3,456
8,290

7 Governance costs

Trustees do not receive a remuneration as Trustees. They are reimbursed for incidental expenses.

14

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN LOUGHTON

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

8 Independent examiners remuneration

The independent examiners remuneration amounts to an independent examination fee of £3,240 (2024 - £3,240) including VAT.

9 Trustees' and key management personnel remuneration and expenses

The reimbursement of the expenses of trustees Malcolm Macdonald, Ruth How and Matt White was as follows:

Number of Trustees
Subsistence		 2025
2024
3
3
3
3
2025
2024
£
£
3,979
4,834
3,979
4,834

10 Staff costs and employee benefits

The average monthly number of employees during the year ending 31 December was as follows:

Raising funds
Charitable activities		 2025
2024
Number
Number
2
2
8
7
10
9

The total staff costs and employees benefit’s was as follows:

Wages and salaries
Social security
Pension		 2025
£
149,063
3,198
4,016
156,366		 2024
£
139,726
2,918
3,920
146,564

15

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN LOUGHTON

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

11 Staff costs and employee benefits

No employees received total employee benefits of more than £60,000.

12 Tangible fixed assets

Church Hall
Furniture
and
Equipment
Church
Organ
Hope
Centre
Hope
Centre
Equipment
£
£
£
£
£
Cost
At 1 January 2025
1,757,042
109,278
22,115
1,062,936
20,694
Additions
-
6,294
-
-
-
At 31 December 2025
1,757,042
115,573
22,115
1,062,936
20,694
Depreciation:
At 1 January 2025
591,658
96,646
14,741
148,631
20,694
Charge for the year
35,140
5,619
1,474
21,259
-
At 31 December 2025
626,799
102,265
16,219
169,890
20,694
Net book value:
At 31 December 2025
1,130,244
13,308
5,899
893,046
-
At 31 December 2024
1,165,384
12,632
7,374
914,305
-
13
Debtors
2025
£
Gift aid recoverable
3,255
Prepayments
1,038
Accrued income
-
4,293
14
Creditors: amounts falling due within one year
2025
£
Accruals
8,353
Other creditors
3,702
12,055		 Church Hall
Furniture
and
Equipment
Church
Organ
Hope
Centre
Hope
Centre
Equipment
£
£
£
£
£
1,757,042
109,278
22,115
1,062,936
20,694
-
6,294
-
-
-		 Church Hall
Furniture
and
Equipment
Church
Organ
Hope
Centre
Hope
Centre
Equipment
£
£
£
£
£
1,757,042
109,278
22,115
1,062,936
20,694
-
6,294
-
-
-		 Total
£
2,972,065
6,294
1,757,042
115,573
22,115
1,062,936
20,694		 2,978,360
591,658
96,646
14,741
148,631
20,694
35,140
5,619
1,474
21,259
-		 872,369
62,675
626,799
102,265
16,219
169,890
20,694		 935,863
1,130,244
13,308
5,899
893,046
-
2,042,498
1,165,384
12,632
7,374
914,305
-		 2,099,696
2025
£
3,255
1,038
-
4,293
2025
£
8,353
3,702
12,055		 2024
£
12,195
1,543
1,900
15,638
2024
£
7,821
2,750
10,571

16

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN LOUGHTON

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

15 Fund reconciliation

Unrestricted funds

Unrestricted
Total
Restricted funds
Hope Centre
Living Hope
Church Building
Other restricted
Total Restricted
Funds		 Balance at
31
December
2024
Income
Expenditure
Transfer
Balance at
31
December
2025
£
£
£
£
£
135,114
377,666
(401,363)
4,868
116,285
135,114
377,666
(401,363)
4,868
116,285
Balance
at 31
December
2024
Income
Expenditure
Transfer
Balance at
31
December
2025
£
£
£
£
£
914,305
-
(21,259)
-
893,046
194
10,955
(11,149)
-
-
1,165,385
-
(35,140)
-
1,130,245
8,321
23,350
(11,517)
(4,868)
15,286
2,088,205
34,305
(79,065)
(4,868)
2,038,577

Fund descriptions

a) Unrestricted funds

Funds to be used in the ordinary course of the business of the charity.

b) Restricted funds

Funds received for specific purposes are funds restricted for use for that purpose:

The church building fund represents the value of the building and its fixtures and fittings.

The Hope Centre fund represents the value of the building and its fixtures and fittings.

The Living Hope fund represents grant received for the specific purpose of meeting the costs of the Living Hope Project.

17

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN LOUGHTON

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

16 Analysis of net assets between funds

Fixed assets
Cash and current investments
Other current assets / liabilities
Total		 Unrestricted
funds
Restricted
funds
Total
£
£
£
19,207
2,023,291
2,042,498
104,840
15,286
120,126
(7,762)
-
(7,762)
116,285
2,038,577
2,154,862

17 Reconciliation of net income / (expenditure) to net cash flow from operating activities

Net income / (expenditure) for year / period
Interest receivable
Depreciation and impairment of tangible fixed assets
(Increase) / decrease in debtors
Increase / (decrease) in creditors
Net cash flow from operating activities		 2025
£
(68,457)
(2,120)
63,492
11,345
1,484
5,744		 2024
£
(61,636)
(4,399)
62,676
(10,784)
1,118
(13,025)

18 Related party transactions

Related parties to be disclosed under Charity SORP is the relationship between the Chairman Malcolm Macdonald and Living Hope Coordinator Caroline Jane Macdonald.

18

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN LOUGHTON

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

18 Related party transactions (continued)

The following employees are also trustees or Representatives on the Deanery Synod. The trustees are satisfied that all salaries are either at or below market rate for similar roles in the area.

Name
Position
Amanda Hart
Operations Manager and PCC
Secretary
Total		 Gross pay
£
Employer
Pension
£
31,715
764
31,715
764

The following employees are related parties via family connections to either the trustees or key management personnel. The trustees are satisfied that all salaries are either at or below market rate for similar roles in the area.

Name
Relationship
Caroline Jane
Macdonald
Spouse of Chairman Malcolm
Macdonald
Total		 Gross pay
£
Employer
Pension
£
15,071
265
15,071
265

19

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN LOUGHTON

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

19. 2024 Statement of Financial Activities

Note
Income and
endowments from:
Donations and
legacies
Charitable activities
Investments
Other
Total income and
endowments
Expenditure on:
Raising funds
Charitable activities
Other
Total expenditure
Transfers
Net movement in
funds
Reconciliation of
funds:
Total funds brought
forward
Total funds carried
forward		 Unrestricted
funds
Restricted
Hope Centre
Restricted
Living Hope
Restricted
Church Hall
Restricted
Other
£
£
£
£
£
289,261
-
-
-
-
45,574
-
3,375
-
-
4,399
-
-
-
-
50,144
-
-
-
9,613
389,978
-
3,375
-
9,613
45,378
-
-
-
-
357,204
21,259
3,181
35,140
2,440
-
-
-
-
-
402,582
21,259
3,181
35,140
2,440
(65,294)
42,122
-
22,024
1,148
(77,898)
20,863
194
(13,116)
8,321
213,012
893,442
-
1,178,501
-
135,114
914,305
194
1,165,385
8,321		 2024
Total
£
289,261
48,949
4,399
60,357
402,966
45,378
419,224
-
464,602
-
(61,636)
2,284,955
2,223,319

20