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:
- **St Mary’s online** : our YouTube channel has grown to 340 subscribers
- **Café Hope** : this is busier than ever. We see hundreds of people each week coming into Café Hope, making it our single biggest hub of outreach as a church. We have 3 part time staff and a team of around 16 volunteers.
- **Worship for Everyone:** we have sought to improve our regular all-age worship.
- **X Collective:** St Mary’s got funding to send 4 people, on 4 special conferences over 2 years to enable us to be an apostolic hub and prepare for revival. This is in partnership with around 30 other churches across the country.
- **New Wine Festival:** We took another group from St Mary’s to New Wine.
- **Ignite children & youth** – We had 105 under 18s on the ignite registers.
- **Schools work** – we led Assemblies in Oaklands, Staples Rd and Davenant Schools and had Oaklands and Staples Road Schools in to visit the Church for their RE lesson.
- **Occasional Offices** – we had 5 baptisms this year, 3 weddings and 8 funerals.
- **Fusion Youth** – we had a great day at Lambourne End with our youth. We also started Youth Alpha with 30 young people participating.
- **Advent Prayer** – we had over 120 people praying through Advent together. We also had a season of 25 days of prayer in January.
- **Gift Days** – the church raised nearly £60k in this time of special giving.
- **Christmas** – we welcomed approximately 5,000 people onto our site during late November and into December for all our Christmas ministry.
## **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.
- Revd Matt White moved to his first Incumbency role as Vicar of Immanuel Chichester.
- Revd Ruth How was ordained a Priest and serves as a locally deployed, self-supporting Minister here at St Mary’s.
- Michelle Stanseby moved on from her role as ignite Administrator, and Hin Cheung was appointed as ignite Coordinator.
- Martin Huff retired from his role as Worship Director, and Martin Stanesby was appointed Worship Pastor.
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.
- Ken Bartells, Diana Dodds and Julie Huff played the organ each Sunday at the 8:45am, which is very much appreciated.
- Colin and Mandy Chastell continue to lead Hope Central (18-30s ministry).
## **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.
- Clergy appointments are made by the diocese and separate arrangements apply to these.
- The filling of other posts is decided by the PCC. Vacancies are advertised internally and, if appropriate, externally as well. A job description is used for each post and selection is made using application forms, references and an interview panel.
- The appointment decision rests with the panel. Appointments are normally subject to a trial period and DBS checks are undertaken as appropriate before appointment. Each employee has a formal statement of their principal terms and conditions of employment.
- Line managers conduct appraisals for all our staff each year.
- Induction is tailored to individual roles and needs. We have a budget for training and formal training is provided as necessary.
## **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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the church will continue in operation.
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:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## **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:
- (1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the Charities Act 2011; and
- to prepare accounts which accord with the accounting records and comply with the accounting
- requirements of the 2011 Act have not been met; or
(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**
- a) Consecrated and beneficed property is excluded from the accounts under Section 10 of the Charities Act 2011.
- b) No value needs to be placed on moveable church furnishings held by the Vicar and churchwardens on special trust for the PCC which requires a diocesan faculty for disposal.
- c) The Parish Centre building is held by the PCC as trustees for the Diocese of Chelmsford and the property is therefore not included as an asset of the PCC. Expenditure on repairs, renewals, maintenance and improvements for each building has been treated as revenue expenditure as incurred.
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)**_
- d) The new church hall has been constructed and has been capitalised as expenditure was incurred. The building will be depreciated at 2% per annum.
- e) Other equipment and assets used by the church has historically been charged to revenue expenditure as incurred rather than depreciated over its useful life. From 1 January 2006 expenditure above £5,000 on equipment and other assets will be capitalised and depreciated over its estimated useful life of five years.
- f) The Hope Centre has been constructed and has been capitalised as expenditure was incurred. The Hope Centre will be depreciated at 2% per annum and the equipment for the Hope Centre will be depreciated at 20% per annum.
## **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:
- Financial assets such as cash and receivables are classified as receivables and held at amortised cost using the effective interest method,
- Financial liabilities such as payables are held at amortised cost using the effective interest method.
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|
||||||
||||||
||||||
||||||
||||||
- £23,350 (2024: £9,613) of grant received is restricted.
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