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2025-12-31-accounts

ANNUAL REPORT

AND

FINANCIAL STATEMENTS

OF THE PAROCHIAL CHURCH COUNCIL OF THE

ECCLESIASTICAL PARISH OF CHRIST CHURCH PENNINGTON

(MANCHESTER DIOCESE)

FOR THE YEAR ENDED 31 DECEMBER 2025

Registered Charity No. 1130715

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CONTENTS

Page 2 Administrative details Page 3 Report of the Trustees Page 8 Independent Examiner’s report Page 9 Statement of Financial Activities (SOFA) Page 10 Balance Sheet Page 11 Notes to the Financial Statements

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ADMINISTRATIVE DETAILS

PCC members

Members who have served during the year and until the date of approval of this report are:

Incumbent (Ex-officio ) : Associate Minister (Ex-officio) :

The Revd Jack Shepherd (Chair) The Revd Eric White

SVC Senior Pastor (Ex-officio): Mr John Bennett

Assistant Ministers (Reader) (Ex-officio) : Miss Alison Davies

Wardens: (ex- officio, elected annually)

Mr Steven Hall Mr James Cowley

Representatives on the Deanery Synod: (ex- officio to APCM 2026)

Mr James Cowley

Mrs Judith Pitt

Other elected members:

To APCM 2026 Mr D Clough Mr M Brown Mrs J Piotrowski Mr S Bennett Mrs V Doran-Johnson Mrs A Roberts Mrs J Longworth Mrs H Owen

To APCM 2027 Mr J Johnson Mrs A Moore To APCM 2028 Mr C Roberts Mr P Urquhart Mrs E Nicholson Mr A Murden

(Total 14 elected members as at 31[st] December 2025)

Treasurer

Mr Cyril Roberts

Location and correspondence address

Christ Church Pennington is situated about 250 yards south of the centre of Leigh in Lancashire, off St. Helen’s Road. The correspondence address is Church House, Schofield Street, Pennington, Leigh, WN7 4HT.

Bankers

Co-operative Bank PLC, Balloon Street, Manchester, M60 4EP CCLA Investment Management Limited, 80 Cheapside, London, EC2V 6DZ

Independent Examiner

Mr Edward T Moss

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025

The Members of the Parochial Church Council (PCC), who are the trustees of the charity, present their annual report and financial statements for the year ended 31 December 2025.

Structure, governance and management

The PCC of Christ Church Pennington is an independent charity within the Diocese of Manchester in the Church of England. It is registered with the Charity Commission, number 1130715, with the formal title of the Parochial Church Council of the Ecclesiastical Parish of Christ Church Pennington (Manchester Diocese).

PCCs are governed by two pieces of Church of England legislation, called Measures. These are:

 the Parochial Church Councils (Powers) Measure 1956 as amended, which defines the principal function, or purpose, of the PCC as "promoting in the parish the whole mission of the Church."

 the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended)

The method of appointment of PCC members (trustees) is set out in the Church Representation Rules, each member being elected for a three-year period. All Church attendees are encouraged to register on the Electoral Roll and consider standing for election to the PCC.

Charitable Objectives and Principal Activities

The trustees have the responsibility of co-operating with the incumbent to benefit the public by promoting, in the ecclesiastical parish, the whole mission of the Church - pastoral, evangelical, social and ecumenical.

The PCC seeks to achieve its objectives by providing opportunities for worship and fellowship as well as providing services and support for the wider community of Pennington, Leigh and beyond. The trustees have placed special emphasis on support for local young people and their families, debt and poverty issues and on the long-term sustainability of the Sports Village Church (SVC). The PCC has maintenance responsibilities for 2 buildings, namely the Church itself and Church House (the former vicarage now used as a Church Hall) on Schofield Street, Pennington, Leigh. SVC operates out of a room at Leigh Harriers which is the subject of an informal hire agreement.

The trustees have referred to the information contained in the Charity Commission’s general guidance on public benefit when reviewing the aims and objectives and in planning future activities. The trustees believe that the activities carried out benefit the public by providing opportunities to meet as a community, to serve one another and to provide service and otherwise assist those individuals in need because of social exclusion, poverty, disability or lack of opportunity.

Church Vision

On Tuesday 28[th] January 2025, the PCC approved the adoption of a new vision statement:

Knowing Jesus -> Making Jesus Known

and its implementation through a discipleship pathway with four steps:

Contact, Connect, Commit, Commission

Core Values

Love - We care for and accept others unconditionally and sacrificially, in word and action, because God first loved us by sending Jesus to die for us.

Grace - We share and befriend people from all backgrounds, being quick to forgive, because we have been empowered by the Holy Spirit through knowing Jesus Christ

Welcome - We strive to make everyone feel at home with us by offering hospitality and genuine interest in people’s lives, like Jesus did with open arms.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 (cont.)

Achievements and Performance

Church attendance

There were 96 adults (over 16 years) (2024: 81) regularly attending Church each week when the annual count took place in October. Following direction from the Manchester Diocese, Sport Village Church was no longer included in the count. On 31[st] December there were 124 persons (2024: 150) on the Church Electoral roll.

Review of the year

The PCC met 7 times during the year. The Standing Committee met 7 times, 7 persons having 100% attendance and an average 74% attendance.

We are very grateful for every person who has contributed generously to the mission and ministry of Christ Church Pennington during the year, especially through times of challenge and opportunity.

At the annual meeting on 29th April 2025, Steven Hall and James Cowley were re-elected as Church Wardens. At the beginning of May 2025, Aimie Moore started working as Youth & Children’s Worker, which has included regular involvement in local schools, particularly at Christ Church Pennington C.E. Primary School and Lowton C. E. High School, pastoral care for young people and children, providing support for weekly activities including Sunday groups and Soul Group, and organisation of new initiatives such as the Light Party on Saturday November 1[st. ] As our CAP Debt Centre – which has seen many clients set free from financial challenges - was closed at the end of May, Laura Cochrane completed her role as CAP Debt Centre Manager. We also are delighted that, during the year, Alison Urquhart has begun her role as an Authorised Lay Minister (ALM).

On 12[th] – 17[th] May 2025, The Message Academy visited for an outreach week, during which they participated in activities and lessons with years 8 and 9 at Lowton C.E. High School, with years 8 and 10 at The West Leigh School, and with years 3, 4, and 5, as well as the Ethos Group, at Christ Church Pennington C.E. Primary School, concluding the week on Friday evening with a visit to Soul Group.

Ayoka Olabisi’s ordination as a deacon was celebrated at Manchester Cathedral on Sunday 29[th] June 2025. During her first weekend at Christ Church Pennington, Ayoka preached and took part in a Q&A at our All Age Service, which was followed by a Bring and Share lunch and a firepit evening for young adults.

A Weekend At Home, themed around pilgrimage, was held on 3[rd] – 5[th] October 2025, which included an informal evening of music and food at which the Venerable Richard Worsfold, our new Area Dean, shared a reflection, followed by a visit to Pennington Flash and Leigh Spinners Mill, culminating with a Harvest Celebration Service.

We welcomed many people through our doors to celebrate Advent and Christmas, with a variety of services and activities including a scratch choir performance of Handel’s Messiah on Saturday 22[nd] November, carol singing at Etherstone Day Centre on Friday 5[th] December, an All Age Nativity Service on Sunday 7[th] December, Carol Praise on Sunday 14[th] December, Scouts Christmas Carol Service on Monday 15[th] December, nativity performances and carol concert by Christ Church Pennington C.E. Primary School, Nine Lessons and Carols on Sunday 21[st] December, a Christingle Service and Midnight Communion on Christmas Eve, and a Celebration Service on Christmas Day.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 (cont.)

This year, the church has also said farewell to beloved members of our congregation through funerals. Our annual Service of Hope and Remembrance was held on Sunday 9th November. We have also supported several couples as they have begun married life, including Stanley and Ginikachi whose thanksgiving for marriage service was held on 3[rd] May, and Ellie and Liam whose wedding was celebrated on 21[st] June.

Bishop Matthew Porter has also visited to teach about the gift of prophecy at an informal evening event on 11[th] May 2025 and to preach and preside at an Advent Service on Sunday 14[th] December. During the year, sermon series have taken place to explore ‘Overflow’ in Acts chapters 8-15, our favourite verses from the Gospels, the Holy Spirit, drawing near to God, and Christ Church Pennington’s vision of ‘Knowing Jesus, Making Jesus Known’.

Financial Review

During the year the PCC continued to take a prudent approach to its financial management, regularly receiving financial updates from the finance sub-group, which meets before every PCC meeting to carry out detailed financial monitoring against budgets.

Total unrestricted income was £106,413(2024: £102,757). Restricted fund income was £36,218 (2024: £24,410).

The level of unrestricted giving continues to be a major issue. During the year there was an increase of 3.5%. A giving co-ordinator has been appointed to give the congregation quarterly updates on the financial situation to inform the level of giving needed to maintain the church.

By careful stewardship the PCC has managed to maintain general fund reserves at a level to cover three months costs. Without an increase in giving this will prove difficult moving forward and decisions will need to be made on what areas of work can continue to be supported.

The parish share is an amount payable to the diocese to support ministry costs and the work of churches in other areas of Manchester. The PCC paid £51,500 (2024: £50,000) parish share for the year. This met the Diocese request in full.

Mission giving from unrestricted funds is calculated as 10% of prior year unrestricted incoming resources. The total amount given in 2025 was £10,750. For 2026 it will be £11,350.

During the year £65,157 was spent on nonregular work to maintain the buildings. Grants totalling £27,295 to support this work were received.

The Social Transformation Hub was launched. This included the recruitment of a youth worker. The congregation have supported the Hub with £21,970 of giving during the year. Grants totalling £15,600 have also been received to support this project.

During 2025 our overall reserves reduced by £35,351. Unrestricted reserves decreased by £19,371, and restricted reserves decreased by £15,980.

Planned and tax-efficient giving.

The number of people who gave regularly to General Church Funds through the Bank or the envelope scheme during 2025 was 70 (2024:67) and of these 54 (2024: 51) donated through the Gift Aid Scheme.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 (cont.)

Future developments

During 2026, we are focusing on ‘Healthy Discipleship’ within our ongoing vision of ‘Knowing Jesus, Making Jesus Known’. Our priorities at this time continue to be 1) Discipleship (Contact -> Connect -> Commit, 2) Investment in Young People and Children, 3) Presence Across the Community, 4) A Place of Belonging, and 5) Responding to Poverty. We look forward to Ayoka Olabisi’s ordination as a priest, or presbyter, on Saturday 27[th] June and our Weekend Away in October.

At the start of 2026, we held a Vision Day on Sunday 7[th] February at which our focus for the year on ‘Healthy Discipleship’ was explored. In addition to the Week of Prayer by which our Vision Day was preceded, we held prayer meetings on 21[st] , 22[nd] , and 23[rd] January as part of the ‘Turn the Battle’ movement. As a result of these, we have started holding our weekly Dynamic Prayer meeting at 11AM, as well as at the existing time of 7.45PM.

Our PCC have agreed a new Baptism, Thanksgiving and Confirmation Policy and we look forward to a Baptism and Confirmation Service with Bishop Matthew Porter on Easter Sunday 2026.

In February 2026, we appointed Emma Nicholson as Ministry Operations Coordinator and Community Centre Manager, as Rob Ferguson completed his role as Operations Manager.

Ayoka will begin full-time stipendiary ministry, with accommodation provided in the local area, from 1[st] February 2026.

Risk review, funds and reserves policy

The trustees have considered the key risks affecting the charity and have taken steps to mitigate them. They have identified the key risks as being:

The trustees believe that these risks are minimised by regular meetings concentrating on building issues, development of policies and regular consideration of financial information and balancing ongoing maintenance expenditure with retention of funds for longer-term projects.

The trustees recognise the need for the charity to establish and maintain reserves to enable it to continue to carry out its charitable objectives in the event of unforeseeable matters arising. In particular, given the nature of the buildings, reserves need to be maintained to ensure any major repairs can be carried out when necessary.

Details of reserves held by the charity are given in note 14 to the financial statements. With the exception of funds held in trust for the Parish School, most restricted funds relate to ongoing activities. Any major investment in buildings would have to be funded either by appeals and grants or by making provisions within designated funds established for the purpose of longer-term building maintenance.

In addition to restricted and designated funds, the trustees have resolved to maintain a minimum of 2-3 months’ average running costs in free reserves. At £31,718 free reserves meet this requirement.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 (cont.)

Statement of Trustees responsibilities

The trustees are responsible for preparing the Trustees’ 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 trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees appointed Mr Edward T Moss as Independent Examiner for the year and a resolution to reappoint him for next year will be proposed at the Annual Parochial Church Meeting.

Approved by the members of the PCC on 24 March 2026 and signed on their behalf by

Reverend Jack Shepherd Cyril Roberts Chair Treasurer

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INDEPENDENT EXAMINER’S REPORT TO THE PCC OF CHRIST CHURCH PENNINGTON FOR THE YEAR ENDED 31 DECEMBER 2025

This report on the financial statements of the PCC for the year ended 31[st] December 2025, which are set out on pages 9 to 18, is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 (“the Regulations”) and s.145 of the Charities Act 2011 (“The Act”)

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the financial statements. The charity's trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011, and that an independent examination is needed.

It is my responsibility to:

 examine the accounts (under section 145 of the Act);  to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the Act); and

Basis of this report

My examination was carried out in accordance with General Directions given by the Charity Commissioners. 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.

Independent examiner's statement

In the course of my examination, no matter has come to my attention: 1. which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that:

Signed:

Edward T Moss, FCA Chartered Accountant 29 Mauldeth Road Stockport SK4 3ND

Date: 24 March 2026

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STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2025

Notes
INCOME
Donations & legacies
2
Investment income
Income from charitable activities
Grants received
3
Fees & similar income
4
TOTAL INCOME
EXPENDITURE
Costs of charitable activities
Parish share paid to Manchester Diocese
Mission giving & charitable donations
5
Other operating costs
6
TOTAL EXPENDITURE
Net income and expenditure before
gains and losses on investments
Unrealised gain / (loss) on
of investments
10
NET INCOME / EXPENDITURE BEFORE
TRANSFERS
8
TRANSFERS BETWEEN FUNDS
14
NET MOVEMENT IN FUNDS
FUND BALANCES B/F
14
FUND BALANCES C/F
14		 General
Designated
£
£
106,276
137
-
3,681
-
27,296
7,362
15,999
113,638
47,113
38,625
-
10,750
-
35,933
89,284
85,308
89,284
28,330
(42,171)
-
1,254
28,330
(40,917)
(15,942)
9,158
12,388
(31,759)
19,330
140,810
31,718
109,051
----- Unrestricted Funds -----		 General
Designated
£
£
106,276
137
-
3,681
-
27,296
7,362
15,999
113,638
47,113
38,625
-
10,750
-
35,933
89,284
85,308
89,284
28,330
(42,171)
-
1,254
28,330
(40,917)
(15,942)
9,158
12,388
(31,759)
19,330
140,810
31,718
109,051
----- Unrestricted Funds -----		 Restricted
Funds
£
36,218
-
15,600
1,072
52,890
12,875
4,438
53,424
70,737
(17,847)
(4,917)
(22,764)
6,784
(15,980)
283,610
267,630		 Total
Total
2025
2024
£
£
142,631
127,167
3,681
4,754
42,896
4,513
24,433
15,974
213,641
152,408
51,500
50,000
15,188
14,300
178,641
146,409
245,329
210,709
(31,688)
(58,301)
(3,663)
18,311
(35,351)
(39,990)
-
-
(35,351)
(39,990)
443,750
483,740
408,399
443,750
113,638 47,113
38,625
10,750
35,933		 -
-
89,284
85,308 89,284
28,330 (42,171)
- 1,254
28,330 (40,917)
(15,942) 9,158
12,388 (31,759)
19,330 140,810
31,718 109,051

TOTAL RECOGNISED GAINS AND LOSSES

There were no other gains or losses in the two years other than those stated above.

CONTINUING OPERATIONS

All results derive from continuing operations

The notes on pages 11 to 18 form part of these financial statements.

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BALANCE SHEET AT 31 DECEMBER 2025

Notes
FIXED ASSETS
Tangible assets
9
Investments
10
CURRENT ASSETS
Debtors falling due within one year
11
Cash at bank and in hand
12
CREDITORS
Amounts due in less than one year
13
NET CURRENT ASSETS
NET ASSETS
FUNDS
Restricted
14
Unrestricted (Including Designated)
14
TOTAL FUNDS
14		 2025
£
2,149
109,266		 2025
2024
2024
£
£
£
1
1
310,148
313,811
310,149
313,812
1,767
129,436
131,203
(1,265)
98,250
129,938
408,399
443,750
267,630
283,610
140,769
160,140
408,399
443,750
111,415
(13,165)

The notes on pages 11 to 18 form part of these financial statements.

Approved by the Trustees on 24 March 2026

And signed on their behalf by:-

Reverend Jack Shepherd Chair

Registered Charity No. 1130715

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

1 ACCOUNTING POLICIES

The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied throughout the year.

Basis of preparation

The financial statements have been prepared on a going concern basis, in accordance with the Statement of Recommended Practice "Accounting and reporting by Charities 2015 (FRS102)", the Church Accounting Regulations 2006, the Charities Act 2011 and applicable accounting standards in the UK.

The charity presents its results under FRS 102. The last financial statements under previous UK GAAP were for the year ended 31 December 2014. The date of transition to FRS 102 was 1 January 2014. There have been no changes in accounting policies as a result of this transition, and the only significant change to the financial statements is the introduction of a Statement of Cash Flows.

The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.

Fund accounting

General funds are available at the discretion of the trustees in furtherance of the general objectives of the charity.

Restricted funds are funds subject to specific restrictive conditions imposed by donors, funders or by the purpose of grants. The purpose and use of the restricted funds is set out in note 14 to the accounts.

Donations and grants and similar incoming resources

Income from donations and grants, including capital grants and donations, is included in incoming resources when these are receivable, except when they relate to future accounting periods or when the donors or grantors impose pre-conditions that have not been met. In these cases the income is deferred until the future period and/or the conditions have been met. Tax refunds are recognised at the same time as the incoming resources to which they relate.

Legacies are accounted for when the PCC is legally entitled to the amounts due.

Where conditions are imposed which restrict the use of the income to specific purpose then it is included in incoming resources under restricted funds when it is due.

Grants received in respect of capital expenditure, which may be repayable in certain circumstances, are treated as restricted funds and included in incoming resources in the year of receipt. They are released to unrestricted funds, in so far as any restrictions have been met, by means of a transfer each year to match the depreciation charged.

Rental income

Income from tenants in respect of rented property is recognised in the period to which it relates. Rent paid in advance is deferred and carried forwarded as income in advance in creditors.

Fundraising income

Income from fundraising events is recognised in the period in which the event takes place. Income for specific purposes is included in restricted funds.

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (cont.)

1 ACCOUNTING POLICIES (continued)

Resources expended

Expenditure is classified under the principal categories of charitable and other expenditure rather than the type of expense.

The cost headings comprise expenditure, including staff costs, directly attributable to each activity. Where costs cannot be directly attributed they are allocated to activities on a basis consistent with the use of resources.

Fixed assets and Depreciation

Consecrated and benefice property such as the Church and Vicarage are not included in the accounts in accordance with s.10 of the Charities Act 2011.

Church House is considered a functional asset and is included in the balance sheet at either cost less depreciation or Trustees valuation. The Trustees are aware that the property has a market value in excess of net book value. No cost information is available for Church House, a building which was the vicarage prior to a replacement being built in the 1960’s, and has been subsequently used as a Church Hall. This property is included in the balance sheet at a notional value of £1, on the basis of its dilapidated state when it was transferred to the PCC. The open market value of the property is likely to be significantly in excess of this recorded net book value.

Valuations are not carried out in respect of buildings on the basis that there is no intention to dispose of them.

Moveable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property and listed in the church’s inventory, which can be inspected at any reasonable time. For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Subsequently no individual item has cost more than £1,000 so all such expenditure has been written off when incurred.

Other assets which are used on a continuing basis for the work of the PCC, such as office equipment and vehicles are considered Functional assets, and these are included in the balance sheet at cost less accumulated depreciation. Items costing less than £1,000 are not capitalised but written off as revenue expenditure in the year of acquisition.

Depreciation is provided on the cost of tangible fixed assets in order to write off the cost after taking account of scrap values over the expected useful lives as follows: -

Electronic equipment 20% and 33% Buildings 2%

Impairment reviews are carried out when there is any indication that the carrying amount of a functional fixed asset is below its net book value.

Investments

These are valued at market value at 31 December.

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (cont.)

2 DONATIONS & LEGACIES
Tax efficient planned giving
Tax recovered through gift-aid & GASDS
Other planned giving
Other recurring donations
Legacy
3 GRANTS RECEIVED
Manchester Diocese
Garfield Weston Foundation
Listed Places of Worship
Lancaster Foundation
Manchester Guardian Society
Duchy of Lancaster
Warm & Welcome Places
SSE Business Energy
Old Leigh Deanery
Brighter Borough
GMCVO
4 FEES & SIMILAR INCOME
Rental income
Statutory fees retained by the PCC
Income from activities
Magazine sales		 General
Designated
£
£
70,999
-
19,402
7
11,795
50
4,080
80
-
-
106,276
137
-
19,103
8,193
-
-
-
-
-
-
-
27,296
1,200
15,999
4,730
-
1,000
-
432
-
----- Unrestricted Funds -----		 General
Designated
£
£
70,999
-
19,402
7
11,795
50
4,080
80
-
-
106,276
137
-
19,103
8,193
-
-
-
-
-
-
-
27,296
1,200
15,999
4,730
-
1,000
-
432
-
----- Unrestricted Funds -----		 Restricted
Funds
£
23,371
5,985
3,308
3,554
-
36,218
-
10,000
3,000
1,500
600
500
-
-
-
15,600
-
-
1,072
-
1,072		 Total
Total
2025
2024
£
£
94,370
81,014
25,394
22,752
15,153
17,398
7,714
6,003
-
-
142,631
127,167
19,103
-
10,000
-
8,193
975
3,000
-
1,500
-
600
-
500
350
-
2,000
-
1,688
-
500
-
(1,000)
42,896
4,513
17,199
11,307
4,730
3,141
2,072
1,125
432
401
24,433
15,974
106,276 137
-
-
-
-		 19,103
8,193
-
-
-
- 27,296
1,200
4,730
1,000
432		 15,999
-
-
-
7,362 15,999

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (cont.)

5 MISSION GIVING & CHARITABLE DONATIONS
R&E Leakey / YWAM
The Message Trust
Daylight
Atherton & Leigh Foodbank
BOAZ Trust
Welcome Churches
Christians Against Poverty
Tearfund
Arab Work Ministeries
Restored
6 OTHER OPERATING COSTS
Building repairs - non routine items
CCP activities & services
Heat, light & water
Youth activities (Incl staff costs)
Clergy & Readers expenses
Insurance
Building repairs - routine items
CAP project costs
SVC activities & services
Telephone, office costs, website & IT
Legal & Professional fees
Fund raising fees
Contribution to School Governors' costs
7 STAFF COSTS
Gross Pay
Employers National Insurance
NICs Employment Allowance
Pensions
Total staff costs
Average number of staff
Number of part time staff employed
Full-time equivalent staff numbers		 General
Designated
£
£
----- Unrestricted Funds -----
1,100
-
1,750
-
1,750
-
1,750
-
1,100
-
1,100
-
550
-
550
-
550
-
550
-
10,750
-
£
£
-
65,157
4,297
9,142
10,372
5,504
-
-
8,546
-
6,360
1,423
-
7,426
-
-
-
-
5,777
-
275
632
306
-
-
-
35,933
89,284
-
7,938
-
-
-
-
-
-
-
7,938		 General
Designated
£
£
----- Unrestricted Funds -----
1,100
-
1,750
-
1,750
-
1,750
-
1,100
-
1,100
-
550
-
550
-
550
-
550
-
10,750
-
£
£
-
65,157
4,297
9,142
10,372
5,504
-
-
8,546
-
6,360
1,423
-
7,426
-
-
-
-
5,777
-
275
632
306
-
-
-
35,933
89,284
-
7,938
-
-
-
-
-
-
-
7,938		 Restricted
Funds
£
4,438
-
-
-
-
-
-
-
-
-
4,438
£
-
26,473
-
12,456
-
-
-
7,373
6,463
348
303
8
-
53,424
35,716
3,865
(3,865)
858
36,574
2025
2
2		 Total
Total
2025
2024
£
£
5,538
5,500
1,750
1,600
1,750
1,600
1,750
1,600
1,100
1,000
1,100
1,000
550
500
550
500
550
500
550
500
15,188
14,300
£
£
65,157
28,811
39,912
25,634
15,876
11,460
12,456
10,872
8,546
2,304
7,783
7,539
7,426
11,830
7,373
26,692
6,463
6,416
6,125
6,121
1,210
250
314
5,713
-
2,767
178,641
146,409
43,654
39,285
3,865
1,821
(3,865)
(1,821)
858
858
44,512
40,143
2024
2
2
10,750 -
£
-
4,297
10,372
-
8,546
6,360
-
-
-
5,777
275
306
-		 £
65,157
9,142
5,504
-
-
1,423
7,426
-
-
-
632
-
-
35,933 89,284
-
-
-
-		 7,938
-
-
-
- 7,938

P a g e | 15

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (cont.)

8 NET INCOME FOR THE YEAR

This is stated after charging:

Fees re Independent Examination 250 250

The Independent Examiner agreed to waive fees, but donations are paid to his home church's PCC in recognition of his work. The members of the PCC, who are the Charity Trustees, are entitled to claim out of pocket expenses to cover postage, phone and mileage. No claims were made during either year.

PCC members receive no remuneration in respect of their duties as Trustees.

9 TANGIBLE FIXED ASSETS
Cost
As at January 1 2025
Disposal in the year
As at December 31 2025
Depreciation
As at January 1 2025
Charge for the year
Released on disposals
As at December 31 2025
Net Book Value
As at December 31 2025
As at December 31 2024
10 INVESTMENTS
As at 1 January
Cash invested
Cash withdrawn
Revaluation gain/(loss)
As at 31 December
11 DEBTORS
Gift-aid tax rebates due
Prepayments		 2025
£
313,811
-
-
(3,663)		 Church
House
£
1
-		 Total
£
1
-
1 1
-
-
-		 -
-
-
- -
1 1
1 1
2024
£
364,450
-
(68,950)
18,311
310,148 313,811
2,149
-		 1,767
-
2,149 1,767

P a g e | 16

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (cont.)

12 CASH AT BANK AND IN HAND
CBF Church of England Deposit Fund balances
Co-operative Bank balances
Cash
13 CREDITORS falling due within one year
Accruals & deferred income
14 STATEMENT OF FUNDS
Balance
1 Jan 2025
Restricted Funds held in trust for the Parish School:
School improvement
116,953
Sub-total
116,953
Restricted Funds under direct control of the PCC:
Welcome team
2,748
Youth groups
40,484
Sports Village Church
68,201
Youth worker
36,112
Operations management
4,278
Flowers
1,874
Outreach funds
1,678
Mums & tots
356
Christians against poverty
10,926
YWAM / R&E Leakey support
-
Sub-total
166,657
Total Restricted funds
283,610
Designated - Major church works
129,410
Designated - Church House
10,282
Designated - Property repairs
1,117
Designated - Functional buildings
1
Free reserves
19,330
Total Unrestricted funds
160,140
Total funds
443,750		 12 CASH AT BANK AND IN HAND
CBF Church of England Deposit Fund balances
Co-operative Bank balances
Cash
13 CREDITORS falling due within one year
Accruals & deferred income
14 STATEMENT OF FUNDS
Balance
1 Jan 2025
Restricted Funds held in trust for the Parish School:
School improvement
116,953
Sub-total
116,953
Restricted Funds under direct control of the PCC:
Welcome team
2,748
Youth groups
40,484
Sports Village Church
68,201
Youth worker
36,112
Operations management
4,278
Flowers
1,874
Outreach funds
1,678
Mums & tots
356
Christians against poverty
10,926
YWAM / R&E Leakey support
-
Sub-total
166,657
Total Restricted funds
283,610
Designated - Major church works
129,410
Designated - Church House
10,282
Designated - Property repairs
1,117
Designated - Functional buildings
1
Free reserves
19,330
Total Unrestricted funds
160,140
Total funds
443,750		 Income
-		 Expenditure
-		 79,084
29,364
818		 75,403
52,955
1,078
129,436
1,265
1,265
Balance
Transfers
31 Dec 2025
-
117,698
-
117,698
17,582
42,570
-
37,143
(12,500)
35,958
-
27,038
8,664
4,583
-
1,947
(1,148)
497
-
196
(5,814)
-
-
-
6,784
149,932
6,784
267,630
-
95,988
-
11,724
9,158
1,338
-
1
(15,942)
31,718
(6,784)
140,769
-
408,399
109,266
13,165
13,165
Gains /
losses /
disposals
745
116,953 - - 745
31,790
750
6,042
4,675
-
645
682
300
3,568
4,438		 (9,550)
(4,091)
(20,123)
(13,749)
(8,359)
(572)
(715)
(460)
(8,680)
(4,438)		 -
-
(5,662)
-
-
-
-
-
-
-
166,657 52,890 (70,737) (5,662)
283,610 52,890 (70,737) (4,917)
129,410
10,282
1,117
1
19,330		 31,114
15,999
-
-
113,638		 (65,790)
(14,557)
(8,937)
-
(85,308)		 1,254
-
-
-
-
160,140 160,751 (174,592) 1,254
443,750 213,641 (245,329) (3,663)

P a g e | 17

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (cont.)

14 STATEMENT OF FUNDS (continued)

Restricted Funds

Restricted funds represent giving, grants and donations for specific purposes. Funds can only be used for those specific purposes.

Designated Funds

Designated funds are funds allocated by the trustees for specific purposes. These funds are reviewed regularly and if there is no longer a need for the fund then it can be relased back to free reserves.

Free reserves

Free reserves represents the amounts available to the trustees to meet its ongoing obligations. The trustees policy is to hold 2-3 months operating costs in free reserves. At 31 December 2025 the balance represents 3.3 months' costs.

15 ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fund balances at 31 December 2025 are represented by:-

Tangible fixed assets
Investments
Bank and cash Balances
Other net current assets		 General
Designated
Funds
Funds
£
£
-
1
-
95,988
42,734
13,062
(11,016)
-
31,718
109,051
Unrestricted Funds		 General
Designated
Funds
Funds
£
£
-
1
-
95,988
42,734
13,062
(11,016)
-
31,718
109,051
Unrestricted Funds		 Restricted
Funds
Total
£
£
-
1
214,160
310,148
53,470
109,266
-
(11,016)
267,630
408,399
31,718 109,051

16 OPERATING LEASE COMMITMENTS

At 31 December 2025 the PCC had no commitments under non-cancellable operating leases.

17 TAXATION

The Parish of Christ Church Pennington is a registered charity and is entitled to claim annual exemption from UK corporation tax under part 11 of CTA 2010.

18 CONTROLLING AND RELATED PARTIES

The Charity is under the control of the elected members of the PCC who are the Charity's Trustees.