2025-12-31-accounts

Charity number: 1130679

THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH-ON-SEA

UNAUDITED

PCC MEMBERS' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH-ON-SEA

CONTENTS

	Page
Reference and administrative details of the PCC, its PCC members and advisers	1
PCC members' report	2 - 7
Independent examiner's report	8
Statement of financial activities	9
Balance sheet	10
Notes to the financial statements	11 - 24

THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH-ON-SEA

REFERENCE AND ADMINISTRATIVE DETAILS OF THE PCC, ITS PCC MEMBERS AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2025

PCC members	Fr. David Wylie, Chairman
	Mr Michael Bridge
	Mrs Kate Baynes
	Mr Peter Fisher
	Mr Donald Fraser
	Mrs Lorna Green
	Mr John May
	Mrs Tracey Miller (previously Searle)
	Mr James St John Marfell Smith
	Mr Peter Maddox
	Mr David Stowe
	Mrs Lucia Curthoys
	Mr John Lamb
	Dr Anne Robinson
	Mr Alfie Tuck-Bridge
Charity registered number 1130679 Principal office St Margarets's Vicarage 1465 London Road Leigh on Sea Essex SS9 2SB Independent examiner Stuart Rowson FCA Venthams Chartered Accountants Millhouse 32 - 38 East Street Rochford Essex SS4 1DB Bankers Santander UK Plc Bridle Road Bootle Merseyside G1R OAA National Westminster Bank Plc 250 Bishopsgate London EC2M 4AA

Page 1

THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH-ON-SEA

PCC MEMBERS' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025

The PCC members present their annual report together with the financial statements of the The Parochial Church Council of the Ecclesiastical Parish of St Margaret's, Leigh on Sea for the 1 January 2025 to 31 December 2025.

St Margaret’s Church is situated in Leigh-on-Sea Essex, in the Deanery of Hadleigh in the Episcopal Area of Bradwell in the Diocese of Chelmsford. The correspondence address is St Margaret’s Vicarage, 1465 London Road, Leigh-on-Sea, Essex SS9 2SB. The parish website is at www.saintmargaretsleigh.org.

The PCC also operates under the name of The Parochial Church Council of St Margaret's, Leigh on Sea.

St Margaret’s Parochial Church Council (PCC) has the responsibility of cooperating with the incumbent in promoting within the ecclesiastical parish the mission of the church in its pastoral, liturgical and evangelistic dimensions. The PCC is also specifically responsible for the maintenance of the church, church hall and other properties of St Margaret’s, Leigh-on-Sea.

Objectives and activities

a. Policies and objectives

The PCC is committed to enabling as many people as possible to worship both within the church and through the parish. The PCC has a cooperative overview of worship and how our liturgical and wider mission may involve the many groups that live and work within our parish. Our worship has a sacramental and scriptural focus and encourages faith in personal prayer and action.

When planning our activities for the year we considered the Charity Commission’s guidance on public benefit and, in particular the supplementary guidance on charities for the advancement of religion.

b. Strategies and activities for achieving objectives

We strive to enable ordinary people to live out their faith as part of our parish community through:

• Worship and prayer; learning about the gospel; and developing their knowledge and trust in Jesus.

• Provision of pastoral care for people living in the parish

• Missionary and outreach work

To facilitate this work, it is important that we maintain the fabric of the church of St Margaret and the Church Hall.

c. Volunteers

We would like to thank those who have felt able to continue to volunteer this year in various ways to keep our parish going for the sake of others and the wider community.

Page 2

THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH-ON-SEA

PCC MEMBERS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Achievements and performance

a. Main achievements of the PCC

Worship and prayer

Worship is central to the life of St Margaret’s. The pattern of worship both within the church at home and across our schools has largely reverted to pre-pandemic times although the church layout has been kept in a more spacious layout. The pattern of daily worship prayer and regular celebration of the Eucharist has continued, maintaining the aesthetic importance of our liturgy, including music and serving.

The church was used for baptisms, weddings and funerals during the year.

As at 31 December 2025 there were 89 persons on the church electoral roll, 46 of whom were resident outside of the parish, 41 live in the parish and there are 2 of Good Standing.

Deanery Synod

St Margaret’s has two lay representatives on the Hadleigh Deanery Synod. By reason of holding these positions, they are ex-officio members of the PCC. They provide an important link between the parish and other parishes in the deanery.

T he Church Hall

The church hall serves a dual purpose. Firstly, it is used for church activities and by groups associated with the church and generates income from lettings. The church hall is part of our outreach to the wider community.

Pastoral care

Some of our people are unable to attend church due to sickness or age. We established a buddy system to ensure all members of the church community were contacted regularly. We try to ensure that all members of the church who are housebound are visited on a regular basis. When members of the congregation are hospitalised, we arrange for them to be visited by the Hospital Chaplain.

Mission and Evangelism

Helping those in need is a demonstration of faith. As a church we regularly support the Ukraine Appeal, Christian Aid, The Children’s Society, British Legion, Water Aid, HARP. We also support the Addtional Curates Society.

Some of the services held during the year are normally structured to attract those members of the community who were not regular members of our congregation; for example, Mothering Sunday, Harvest Festival, Remembrance Sunday, the Carol Service and Crib Service.

We publish a quarterly bulletin for our congregation and the wider community We see this as being part of the outreach of St Margaret’s.

Page 3

THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH-ON-SEA

PCC MEMBERS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Achievements and performance (continued)

b. Safeguarding

The PCC has a legal requirement to report on Safeguarding progress and include a statement as to whether or not they have complied with their duty and have ‘due regard’ to the ‘House of Bishops’ Safeguarding Policy and Practice Guidelines.

Our Parish is committed to the 5 standards of Culture, Leadership & Capacity, Prevention, Recognising, Assessing & Managing Risk, Victims & Survivors and Learning, finally Supervision and Support. In 2023 The Church of England approved these Standards stating its intention to achieve them in its Safeguarding work.

PCC members have been DBS checked in accordance with guidelines which state that these are now undertaken every 3 years.

From June 2025 the Diocese supplied every Parish with an online ‘Parish Safeguarding Dashboard.’ This is completed by the Parish Safeguarding Officer and provides a record which can be viewed by the Safeguarding Team. It provides a ‘check list’ which outlines our obligations and requires regular updates from me confirming that we are adhering to the ‘House of Bishops’ Safeguarding Policy and Practice Guidelines.

There have been no Safeguarding concerns recorded during the past year.

The P.C.C. has adopted and implemented the House of Bishops ‘Promoting a Safer Church.

Page 4

THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH-ON-SEA

PCC MEMBERS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Financial review

a. Going concern

After making appropriate enquiries, the PCC members have a reasonable expectation that the PCC has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

It is our policy to invest short term investment fund balances with the CCLA Church of England Deposit Fund. 20% of our property income is transferred to a “Property Mission Fund”.

c. Summary

Total donations of unrestricted funds were up by 9% and Gift Aid recovery increased by 2% compared to 2024 figure. Income from hall lettings decreased by 3% and Property Income increased by 4%. Interest Received remained significant due to higher interest rates

Due mainly to the dedicated efforts of Julia Fenton, we were again able to run a Summer and Autumn Fair. As always, the outreach to the local community was at the heart of the ventures.

£128K was spent from unrestricted funds to provide the Christian ministry from St Margaret’s Church. This included our contribution of £67K to the Diocesan Parish Share which was the targeted 2/3rds of the unachievable requested figure (£102K). The Diocesan Parish Share largely provides the stipends, pensions and housing for the clergy as well as general running costs of the Diocese. The Diocesan Parish Share is shared out between the churches according to a formula that is based mainly on the congregation attendance and perceived ability to pay (a.k.a. “Deprivation factor”).

Repairs & Maintenance costs for the church were down significantly (45%), but were up significantly for the hall (110%). The total energy costs were down compared to 2024 as we moved to a different supplier and managed to reclaim some VAT. A further £12K needed to be spent on the roof at Eaton Road.

The net result for the year was a small surplus of £16k, after £11K was transferred to our “Property Mission Fund”.

Page 5

THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH-ON-SEA

PCC MEMBERS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Structure, governance and management

a. Constitution

The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the 1956 Parochial Church Council Measure. The PCC is a Registered/Excepted Charity (Charity No. 1130679)

b. Methods of appointment or election of PCC members

The PCC consists of our parish priest (Father David), the churchwardens, our Deanery Synod representatives and a number of representatives of the laity. All suitably qualified members of the congregation are encouraged to apply for inclusion on the Electoral Roll and to stand for election to the PCC. Churchwardens are elected in accordance with the provisions of the Churchwardens Measure 2001. Deanery Synod representatives and representatives of the laity are elected in accordance with the Church Representation Rules 2006, as subsequently amended.

PCC members who have served at any time from 1 January 2025 until the date this report was approved are:

Ex officio members:

Incumbent: Fr. David Wylie - Chairman

Church Wardens:

Mr John Lamb Mr Peter Maddox

Deanery Synod representatives: Mrs Kate Baynes Mr Peter Fisher

Elected representatives that have served during the year:

Mr Michael Bridge Mr Donald Fraser - Treasurer Mr John May Mrs Tracey Miller - (previously Searle) Mr David Stowe Mrs Lorna Green Mrs Lucia Curthoys Mr James St John Marfell Smith Dr Anne Robinson - (elected 8 June 2025) Mr Alfie Tuck-Bridge (co-opted 26 November 2025)

Secretary Mr Robert Southward

Page 6

THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH-ON-SEA

PCC MEMBERS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Structure, governance and management (continued)

c. Organisational structure and decision-making policies

The PCC is responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the church are to be spent.

The full PCC met 5 times during the year with an average level of attendance of approximately 83%. Business which is of an urgent nature was dealt with by the Standing Committee.

d. Financial risk management

The PCC members have assessed the major risks to which the PCC is exposed, in particular those related to the operations and finances of the PCC, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Members' liability

The Members of the PCC guarantee to contribute an amount not exceeding £1 to the assets of the PCC in the event of winding up.

Statement of PCC members' responsibilities

The PCC members are responsible for preparing the PCC members' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles of the Charities SORP (FRS 102);

• make judgments and accounting estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the PCC will continue in business.

The PCC members are responsible for keeping adequate accounting records that are sufficient to show and explain the PCC's transactions and disclose with reasonable accuracy at any time the financial position of the PCC and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the The Church of England. They are also responsible for safeguarding the assets of the PCC and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of PCC members and signed on their behalf by:

................................................

Fr. David Wylie Chairman Date:

Page 7

THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH-ON-SEA

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2025

Independent examiner's report to the PCC members of The Parochial Church Council of St Margaret's Leigh-on-Sea ('the PCC')

I report to the members on my examination of the accounts of the PCC for the year ended 31 December 2025.

Responsibilities and basis of report

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

I report in respect of my examination of the PCC's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the PCC has prepared the accounts 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no 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 PCC as required by section 130 of the 2011 Act; or

2. the accounts do not accord with those records; or

3. 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.

This report is made solely to the members, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the PCC members those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the PCC members as a body, for my work or for this report.

Signed: Dated: Stuart Rowson FCA

Venthams

Chartered Accountants, Millhouse, 32- 38 East Street, Rochford, Essex SS4 1DB

Page 8

THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH-ON-SEA

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025

Note Income from: Voluntary income 3 Church activities 4 Activities for generating funds 5 Investments 6 Total income Expenditure on: Raising funds 7 Church activities 9 Total expenditure Net income/(expenditure) Transfers between funds 18 Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward	Unrestricted funds 2025 £ 61,981 43,902 2,433 47,809 156,125 583 128,128 128,711 27,414 - 27,414 546,621 27,414 574,035	Restricted funds 2025 £ 3,501 279 - - 3,780 - 15,850 15,850 (12,070) 1,040 (11,030) 27,605 (11,030) 16,575	Total funds 2025 £ 65,481 44,181 2,433 47,809 159,905 583 143,978 144,561 15,344 1,040 16,384 574,226 16,384 590,610	Total funds 2024 £ 70,454 47,340 3,248 46,423
				167,465
				160 140,037
				140,197
				27,268 -
				27,268
				546,958 27,268
				574,226

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 11 to 24 form part of these financial statements.

Page 9

THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH-ON-SEA

BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2025

Note Fixed assets Tangible assets 13 Current assets Stocks 14 Debtors 15 Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 16 Net current assets Total assets less current liabilities Net assets excluding pension asset Total net assets Funds Restricted funds 18 Unrestricted funds 18 Total funds	200 5,744 325,114 331,058 (10,284)	2025 £ 269,837 269,837 320,774 590,611 590,611 590,611 16,575 574,036 590,611	400 9,867 306,474 316,741 (12,352)	2024 £ 269,837
				269,837 304,389
				574,226
				574,226
				574,226
				27,605 546,621
				574,226

The financial statements were approved and authorised for issue by the PCC members and signed on their behalf by:

................................................

Fr. David Wylie

Date:

The notes on pages 11 to 24 form part of these financial statements.

Page 10

THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH-ON-SEA

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

1. General information

St Margaret’s Church is situated in Leigh-on-Sea Essex, in the Deanery of Hadleigh in the Episcopal Area of Bradwell in the Diocese of Chelmsford. The correspondence address is St Margaret’s Vicarage, 1465 London Road, Leigh-on-Sea, Essex SS9 2SB. The parish website is at www.saintmargaretsleigh.org.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The Parochial Church Council of St Margaret's Leigh-on-Sea meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

All income is recognised once the PCC has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the PCC has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the PCC, can be reliably measured.

On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the PCC which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Page 11

THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH-ON-SEA

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

2. Accounting policies (continued)

2.3 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. 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 allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the PCC to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the PCC's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

2.4 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the PCC; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.5 Tangible fixed assets and depreciation

Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property	-	Nil
Equipment and Stairlift	-	20% Straight line basis

2.6 Consecrated and benefice property

In so far as consecrated and benefice property of any kind is excluded from the statutory definition of "charity" by Section 10(2) (a) and (c) of the Charities Act 2011 such assets are not capitalised in the financial statements.

Page 12

THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH-ON-SEA

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

2. Accounting policies (continued)

2.7 Moveable church furnishings

These are capitalised at cost and depreciated over their useful economic life other than where insufficient information is available. In this case the items are not capitalised, but all items are included in the Church's inventory in any case.

2.8 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.9 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.10 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.11 Liabilities and provisions

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the PCC anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.12 Financial instruments

The PCC only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.13 Operating leases

Rentals paid under operating leases are charged to the statement of financial activities on a straight line basis over the lease term.

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THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH-ON-SEA

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

2. Accounting policies (continued)

2.14 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the PCC members in furtherance of the general objectives of the PCC and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the PCC members for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the PCC for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

3. Income from donations and legacies

Donations Donations Legacies	Unrestricted funds 2025 £ 61,981 Unrestricted funds 2024 £ 54,711 - 54,711	Restricted funds 2025 £ 3,501 Restricted funds 2024 £ 14,743 1,000 15,743	Total funds 2025 £ 65,482
			Total funds 2024 £ 69,454 1,000
			70,454

4. Income from charitable activities

	Unrestricted	Restricted	Total
	funds	funds	funds
	2025	2025	2025
	£	£	£
Income from charitable activities - Church activities	43,902	279	44,181

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THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH-ON-SEA

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

4. Income from charitable activities (continued)

	Unrestricted	Restricted	Total
	funds	funds	funds
	2024	2024	2024
	£	£	£
Income from charitable activities - Church activities	47,330	10	47,340

5. Income from other trading activities

Income from fundraising events

	Unrestricted	Total
	funds	funds
	2025	2025
	£	£
Other Fundraising activities	2,433	2,433

	Unrestricted	Total
	funds	funds
	2024	2024
	£	£
Other Fundraising Activities	3,248	3,248

6. Investment income

Unrestricted funds 2025 £ Rent received 35,363 Bank Interest receivable 12,446 47,809	Total funds 2025 £ 35,363 12,446
	47,809

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THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH-ON-SEA

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

6. Investment income (continued)

Rent received Bank interest receivable	Unrestricted funds 2024 £ 33,860 12,563 46,423	Total funds 2024 £ 33,860 12,563
		46,423

7. Expenditure on raising funds

Costs of raising voluntary income

	Unrestricted	Total
	funds	funds
	2025	2025
	£	£
Other Fundraising activities	583	583

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THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH-ON-SEA

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

7. Expenditure on raising funds (continued) Costs of raising voluntary income (continued)

	Unrestricted	Total
	funds	funds
	2024	2024
	£	£
Other fundraising activities	160	160

8. Analysis of grants

Grants, Church activities Grants, Church activities	Grants to Institutions 2025 £ 1,875 Grants to Institutions 2024 £ 1,884	Total funds 2025 £ 1,875
		Total funds 2024 £ 1,884

9. Analysis of expenditure on charitable activities Summary by fund type

	Unrestricted	Restricted
	funds	funds	Total
	2025	2025	2025
	£	£	£
Church activities	128,128	15,850	143,978

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THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH-ON-SEA

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

9. Analysis of expenditure on charitable activities (continued)

Summary by fund type (continued)

	Unrestricted	Restricted
	funds	funds	Total
	2024	2024	2024
	£	£	£
Church activities	138,053	1,984	140,037

10. Analysis of expenditure by activities

Church activities Church activities	Activities undertaken directly 2025 £ 142,103 Activities undertaken directly 2024 £ 138,153	Grant funding of activities 2025 £ 1,875 Grant funding of activities 2024 £ 1,884	Total funds 2025 £ 143,978
			Total funds 2024 £ 140,037

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THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH-ON-SEA

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

10. Analysis of expenditure by activities (continued)

Analysis of direct costs

Ministry costs: Diocesan Parish Share Minstry costs: Other ministry costs Church running and maintenance Church exterior and yard costs Church Hall running and maintenance Sanctuary expenses Music and organ running costs Printer and stationery Photocopier rental Other expenses Independent examiner's remuneration Rental property costs Ministry costs: Diocesan Parish Share Minstry costs: Other ministry costs Church running and maintenance Church exterior & yard costs Church Hall running and maintenance Sanctuary expenses Music and organ running costs Printer and stationery Photocopier rental Other expenses Independent examiner's remuneration Rental property costs	Church activities 2025 £ 66,650 3,773 23,072 1,095 26,297 1,208 55 519 2,686 1,034 800 14,914 142,103 Church activities 2024 £ 60,031 3,291 32,734 668 26,976 772 (3,325) 193 972 658 800 14,383 138,153	Total funds 2025 £ 66,650 3,773 23,072 1,095 26,297 1,208 55 519 2,686 1,034 800 14,914 142,103 Total funds 2024 £ 60,031 3,291 32,734 668 26,976 772 (3,325) 193 972 658 800 14,383 138,153

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THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH-ON-SEA

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

11. Independent examiner's remuneration

	2025	2024
	£	£
Fees payable to the PCC's independent examiner for the independent
examination of the PCC's annual accounts	800	800

12. PCC members' remuneration and expenses

During the year, no PCC members received any remuneration or other benefits (2024 - £NIL) .

During the year ended 31 December 2025, expenses totalling £ 4,444 were reimbursed or paid directly to 4 PCC members (2024 - £3,561 to 3 PCC members) .

13. Tangible fixed assets

Cost or valuation At 1 January 2025 At 31 December 2025 Depreciation At 1 January 2025 At 31 December 2025 Net book value At 31 December 2025 At 31 December 2024	Freehold property £ 311,926 311,926 42,089 42,089 269,837 269,837	Plant and machinery £ 28,607 28,607 28,607 28,607 - -	Total £ 340,533
			340,533
			70,696
			70,696
			269,837
			269,837

14. Stocks

	2025	2024
	£	£
Consumables	200	400

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THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH-ON-SEA

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

15. Debtors

Due within one year Prepayments and accrued income	2025 £ 5,744 5,744	2024 £ 9,867
		9,867

16. Creditors: Amounts falling due within one year

Trade creditors Other creditors Accruals and deferred income	2025 £ - 103 10,181 10,284	2024 £ 9 887 11,456
		12,352

17. Financial instruments

	2025	2024
	£	£
Financial assets
Financial assets measured at fair value through income and expenditure	325,114	306,474

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THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH-ON-SEA

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

18. Statement of funds

Statement of funds - current year

Unrestricted funds Designated funds Maintenance Fund Legacy Fund Vestments Youth Work Property Mission Fund General funds General Funds - all funds Total Unrestricted funds Restricted funds Restricted Fund - Lift Restricted Fund- Church Exterior Restricted Fund- Charitable Giving Overseas Restricted Fund- Flowers and Fauna Restricted Fund- Legacy Restricted Fund- Charitable Giving- Home Restricted Fund- Stained Glass Window Total of funds	Balance at 1 January 2025 £ 11,229 257,636 401 780 29,309 299,355 247,266 546,621 4,086 2,750 (22) 1,608 6,000 283 12,900 27,605 574,226	Income £ - - 55 - - 55 156,071 156,126 - 1,000 - 510 - 1,616 654 3,780 159,906	Expenditure £ - - (55) - - (55) (128,656) (128,711) - (1,040) - (611) - (1,875) (12,324) (15,850) (144,561)	Transfers in/out £ - - - - 10,991 10,991 (10,991) - - 1,040 - - - - - 1,040 1,040	Balance at 31 December 2025 £ 11,229 257,636 401 780 40,300 310,346 263,690 574,036 4,086 3,750 (22) 1,507 6,000 24 1,230 16,575 590,611

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THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH-ON-SEA

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

18. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds Designated funds Maintenance Fund Legacy Fund Vestments Youth Work Property Mission Fund General funds General Fund Total Unrestricted funds Restricted funds Restricted Fund - Lift Restricted Fund- Church Exterior Restricted Fund- Charitable Giving Overseas Restricted Fund- Flowers and Fauna Restricted Fund- Legacy Restricted Fund- Charitable Giving- Home Restricted Fund- Stained Glass Window Total of funds	Balance at 1 January 2024 £ 11,229 257,636 401 500 21,469 291,235 242,520 533,755 4,086 2,387 (22) 1,588 5,000 164 - 13,203 546,958	Income £ - - - - - - 151,712 151,712 - - - 120 1,000 2,003 12,630 15,753 167,465	Expenditure £ - - - - - - (138,213) (138,213) - - - (100) - (1,884) - (1,984) (140,197)	Transfers in/out £ - - - 280 7,840 8,120 (8,753) (633) - 363 - - - - 270 633 -	Balance at 31 December 2024 £ 11,229 257,636 401 780 29,309 299,355 247,266 546,621 4,086 2,750 (22) 1,608 6,000 283 12,900 27,605 574,226

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THE PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S LEIGH-ON-SEA

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

18. Statement of funds (continued)

19. Summary of funds

Summary of funds - current year

					Balance at
	Balance at 1				31
	January			Transfers	December
	2025	Income	Expenditure	in/out	2025
	£	£	£	£	£
Designated funds	299,355	55	(55)	10,991	310,346
General funds	247,266	156,071	(128,656)	(10,991)	263,690
Restricted funds	27,605	3,780	(15,850)	1,040	16,575
	574,226	159,906	(144,561)	1,040	590,611
Summary of funds - prior year
					Balance at
	Balance at				31
	1 January			Transfers	December
	2024	Income	Expenditure	in/out	2024
	£	£	£	£	£
Designated funds	291,235	-	-	8,120	299,355
General funds	242,520	151,712	(138,213)	(8,753)	247,266
Restricted funds	13,203	15,753	(1,984)	633	27,605
	546,958	167,465	(140,197)	-	574,226

20. Operating lease commitments

At 31 December 2025 the PCC had commitments to make future minimum lease payments under noncancellable operating leases as follows:

					2025	2024
					£	£
Later than	1	year and not later than	5	years	2,635	2,635

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