**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.
Page 13
**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**|
Page 14
**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**|
Page 15
**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**|
Page 16
**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**|
Page 17
**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_|
Page 18
**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_|
|---|---|---|
Page 19
**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_|
Page 20
**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_|
Page 21
**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**|
|---|---|---|---|---|---|
Page 22
**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_|
|---|---|---|---|---|---|
Page 23
**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_|
Page 24