## **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**
P a g e | **1**
## **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
P a g e | **2**
## **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
P a g e | **3**
## **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.
P a g e | **4**
## **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.
P a g e | **5**
## **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.
P a g e | **6**
## **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:
- failure to maintain a listed church building and other old buildings in a good state of repair.
- balancing the needs of members of the Church, with its two congregations, and the wider community.
- financial risks associated with balancing the requirement for longer term investment in the buildings and projects in the parish and the shorter term demands on limited resources; and
- financial risks associated with declining levels of unrestricted giving.
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.
P a g e | **7**
## **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:
- select suitable accounting policies and then apply them consistently.
- observe the methods and principles in the Charities SORP.
- make judgments and estimates that are reasonable and prudent.
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statement
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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**
P a g e | **8**
## **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
- to state whether particular matters have come to my attention.
## **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:
- proper accounting records are kept (in accordance with section 130 of the Act)
- accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act, or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
_**Signed:**_
_**Edward T Moss, FCA Chartered Accountant 29 Mauldeth Road Stockport SK4 3ND**_
_**Date: 24 March 2026**_
P a g e | **9**
## **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.
P a g e | **10**
**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**
P a g e | **11**
## **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.
P a g e | **12**
**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.
P a g e | **13**
## **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|||
P a g e | **14**
## **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.