2025-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Saint Giles In The Fields London

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PAROCHIAL CHURCH COUNCIL OF ST GILES-IN-THE-FIELDS Diocese of London

Charity Registration no. 1130800

Annual Report & Accounts 31 December 2025

PAROCHIAL CHURCH COUNCIL OF ST GILES-IN-THE-FIELDS

Report and Financial Statements 2025 Contents

	Page
Legal and administrative information	2
Report of the Parochial Church Council	4
Independent Examiner’s report to the Parochial Church Council	10
Statement of financial activities	11
Balance sheet	12
Statement of cash flows	13
Notes to the financial statements	14

PAROCHIAL CHURCH COUNCIL OF ST GILES-IN-THE-FIELDS

Legal and Administrative Information For the year ended 31 December 2025

Charity Name	Parochial Church Council Of St Giles-In-The-Fields
Principal Address	St. Giles-in-the-Fields, 60 St Giles High Street, London WC2H 8LG
Charity Registration	1130800. The PCC was registered with the Charity Commission in July 2009.
Governing Document	Parochial Church Council Powers Measure (1956) as amended and Church
	Representation Rules.
Objectives	Parochial Church Council of St Giles in the Fields has the responsibility of cooperating
	with the Incumbent of St Giles, in promoting in the ecclesiastical parish the whole mission
	of the church, pastoral, evangelistic, social and ecumenical.
Members of the PCC	PCC members who served during 2025 or were serving at the date this report was
	approved were:
Clergy	The Revd Capt T Sander (Rector)
	The Revd C Smaling (Assistant Priest)
	The Revd P Dawson (Assistant Curate)
Wardens	Ms C Campbell
	Mr O Flory
Deanery Synod	Mr Zi Ken Toh
Representative	Mr H Amos
Elected members	Mr O Baily-Green
	Mr A Power
	Ms A Sampson
	Mr W Grundy
	Mr R Manners
	Dr W James
	Mr T Dowse
	Ms Chadwick
Key Management	Those in charge of planning, directing, controlling, running and operating the Charity,
Personnel	including those members of staff who are the senior management personnel to whom
	the trustees have delegated significant authority or responsibility in the day-to-day
	running of the charity, are the members of the PCC
Bankers	The Co-operative Bank plc
	PO Box 250
	Delf House
	Southway, Skelmersdale WN8 6WT
Independent Examiner	Michael Jarrett ACMA, CGMA
	77 Woodford Avenue
	Redbridge
	Essex IG2 6UX

PAROCHIAL CHURCH COUNCIL OF ST GILES-IN-THE-FIELDS

Legal and Administrative Information For the year ended 31 December 2025

Architect	Sarah Khan RIBA CA MArch BArch
	Roger Mears Architects LLP
	2 Compton Terrace
	London N1 2UN
Solicitors	Winckworth Sherwood
	Minerva House
	5 Montagu Close
	London SE1 9BB
Investment Manager	Investec Wealth & Management Limited
	2 Gresham Street
	London EC2V

PAROCHIAL CHURCH COUNCIL OF ST GILES-IN-THE-FIELDS

Report of the Parochial Church Council For the year ended 31 December 2025

The Parochial Church Council of St Giles in the Fields (“PCC”) submits its report and the financial statements for the year ended 31 December 2025. The financial statements have been prepared in the format prescribed by the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP2015 (FRS102)). The legal and administrative information set out earlier in this document forms part of this report.

Trustees Appointment and Training

The Trustees of the Charity are members of the Parochial Church Council (PCC) of St. Giles-in-the-Fields and are either ex-officio or elected. The Rector is ex-officio; the Churchwardens are elected annually at the Annual Parish Meeting and are ex-officio members of the PCC. A Deanery Synod member is elected every three years at the Annual Parochial Church Meeting (APCM) and is an ex-officio member of the PCC for that period. The remaining members of the PCC are elected annually at the APCM. The PCC also has the power to co-opt one member. New members are inducted by the Rector and the Parochial Church Council.

Management Arrangements

The Parochial Church Council met on six occasions in the year to 31st December 2025. The PCC primarily discussed financial affairs, mission work among the local community, ways of building up the wider fellowship of the Church, and engagement with stakeholders in the local public realm. Details of these discussions are included under ‘Activities in the course of the year’ below. The PCC’s Standing Committee met six times in the year to discuss general church matters, advise the PCC where necessary, and enact decisions as delegated by the PCC.

Risk Management

The Trustees continued to assess the major risks to which the Charity is exposed, particularly those related to the operations and finances of the Charity. A risk assessment policy covering Christian mission, leadership, communications with the wider community, property security and fire detection, site security, property maintenance, compliance with charity and employment law and financial controls and management was reviewed during the year. A disaster recovery plan, to be followed in the event of a major disaster and setting out steps to be taken with respect to key personnel and specific tasks was also reviewed.

2. Activities & Strategies

The aims of the PCC are to work with the Rector in promoting the Parish of St-Giles-in-the-Fields and the whole mission of the Church, pastoral, evangelistic, social and ecumenical.

Objectives of the Charity and its Public Benefit

The Church of St-Giles-in-the Fields remains a central point of worship and Christian witness in the heart of West End of London. It provides regular public worship open to all, the provision of a dedicated space for personal prayer and reflection, pastoral support to members of the congregation and the wider community, teaching of the Christian faith through preaching, the promotion of the Christian faith through hosting musical and theatrical events, a meeting space for a variety of pastoral groups, support for local and national charities, and the maintenance of two listed buildings (the Church itself, grade I) and the Vestry House (grade II). The Trustees are mindful of the rules of the Charities Act 2011 and the guidance issued by the Charity Commission with regard to public benefit and acts in accordance this guidance.

To this end the PCC organises the following activities in order to enable ordinary people to live out their faith as part of our parish community:

Sunday services
Weekday services
Fellowship groups
Weekly community groups

PAROCHIAL CHURCH COUNCIL OF ST GILES-IN-THE-FIELDS

Report of the Parochial Church Council For the year ended 31 December 2025

3. Review of the Year

Rector's Report

The parish of St Giles in the Fields has, by the grace of God, continued to make steady progress in the fulfilment of its mission during the past year. The life of the congregation has shown consistent growth, and a number of developments may be commended to the Council’s attention.

Attendance at the principal festivals has been particularly encouraging. The celebration of Christmas saw the highest recorded attendance in recent years, with approximately 2,000 people present at services. The observance of Holy Week and Easter likewise reflected this positive trajectory, with around 400 attending acts of worship during that period.

Beyond these major feasts, the parish has continued to engage effectively with those beyond the regular congregation through a programme of special services and events. This reflects an ongoing commitment to invitation, hospitality, and outreach. Over the course of the year, one candidate was confirmed, eight baptisms were administered, and eight marriages were solemnised. It was a particular pleasure to solemnise the marriages of our churchwardens, Oliver and Catherine, and of our Treasurer, Will.

At the conclusion of 2025, the parish marked the departure of the Assistant Curate, Phillip, who has taken up a new appointment at St Olave, Hart Street. His ministry has been characterised by diligence, thoughtfulness, and energy, and his contribution to the life of the parish is gratefully acknowledged. The parish anticipates seeking to appoint a successor for Petertide 2027. In the interim, the Ministry Fellowship continues to sustain the pattern of worship and preaching, and I record my thanks to Wil and Chris for their faithful and valued contributions.

The past year has also been one of considered planning for the future. The decision has been taken to appoint a full-time Verger and Events Manager, with a view to strengthening the stewardship and use of the church building throughout the week and on Sundays. In addition, following the success of the inaugural Parish Intern scheme, it has been agreed to appoint Isaac Hodnett, he will join the ministry team in due course. Everyone on the PCC has completed their mandatory safeguarding training and we have been audited. We received the Archdeacon for a Visitation in November.

St Giles continues to offer a clear and consistent witness to the Christian faith in accordance with the historic formularies of the Church of England. The liturgical life of the parish remains rooted in the Book of Common Prayer and the Authorised Version of the Bible and is enriched by a strong musical tradition under the leadership of our Organist, Jonathan, supported by the Quartet and Evensong Choir. Their contribution to the dignity and reverence of worship is warmly appreciated.

Looking ahead, 2026 will be a year of consolidation and development. The arrival of the new Verger and Events Manager, together with the Parish Intern, will provide fresh opportunities to enhance both the operational and missional life of the parish. The Council’s continued support and oversight in these matters will be of great importance.

The Revd Maj Thomas Sander

Churchwardens Report (Fabric and Buildings)

The care and maintenance of the church building have remained a central responsibility throughout the year. Routine inspections and necessary works have been carried out to ensure that the fabric of this historic building is preserved and that it remains a safe and fitting place for worship. The Quinquennial Inspection continues to guide our priorities, and we are grateful to all who have contributed their time and expertise to this work. An inspection was completed in 2025 along with an inventory.

There has been no major work to the church building this year. We did however welcome the new Elizabeth Bell, generously donated by Nicola Pitts in memory of Andrew Capon, parishioner and member of the PCC. The bell was baptised and hung in the tower in February. It is a splendid addition.

PAROCHIAL CHURCH COUNCIL OF ST GILES-IN-THE-FIELDS

Report of the Parochial Church Council For the year ended 31 December 2025

Finally, we wish to thank members of the Parochial Church Council for their continued support, counsel, and shared responsibility in the governance of the parish. As Churchwardens, we remain mindful of our duty to work closely with the clergy and the Council in promoting the mission of the Church, maintaining the fabric of the building, and supporting the life of this parish community.

As we look to the year ahead, we do so with confidence, trusting that the steady progress of recent years will continue, and that St Giles in the Fields will remain a place of faithful worship, service, and witness in the heart of the parish.

Oliver Flory Catherine Campbell

Electoral Roll

There were 86 names declared to be on the Electoral Roll at the 2025 APCM (83 names in 2024)

4. Financial Review

The General Fund balance increased by £242,185 (2024: an increase of £93,018) principally due to continued grants from the West Street Charity, including a one off grant made from accumulated surpluses over several years. There was no significant project expenditure in the year as in prior years. Due to this, Provision of Church building, facilities and equipment decreased to £104,961 (2024: £115,931). Grants from The West Street Charity were £537,000 (2024: £404,252)). Lettings income increased to £76,088 (2024: £57,580) driven by street food and increased Vestry income. The Common Fund contribution increased to £100,000 (2024: £90,000)

In addition to the General Fund amount, the trustees hold other funds, such as the designated Reserve Fund. However, at year end, total Free Reserves (Reserves available for ongoing expenditure) were £274,748 (2024: £32,601). The PCC expects that Free Reserves will be maintained at or in excess of their current level for the foreseeable future . Finally, the trustees held, at year end, the sum of £9,231 (2024: £14,530) of restricted funds being special collections made, typically on the first Sunday of each month, for the benefit of external charities. The importance of good financial planning is recognised by the Trustees and the annual budgeting round is the principal tool used for this purpose. Regular management accounts were produced and reviewed at PCC meetings throughout the year.

4.1 Financial Activity and Financial Position

This year returned a net operating income of £236,886 (2024: income of £97,973). In terms of the overall financial position, the balance sheet shows total net assets of £290,513 (2024: £53,627).

Included in total funds are amounts totalling £9,231 (2024: £14,530) which are restricted. These monies have either been raised for, and their use restricted to, specific purposes, or they comprise donations subject to donor-imposed conditions. Full details of these restricted funds can be found in note 8 to the accounts together with an analysis of movements in the year.

4.2 Reserves Policy

The PCC has examined the requirements for free reserves, i.e. those unrestricted funds not invested in tangible fixed assets. The PCC considers that, given the nature of the church’s work, free reserves should be equivalent to approximately 6 months’ routine general fund expenditure, plus committed future expenditure on other projects, where funds permit. The PCC is of the opinion that this provides sufficient flexibility to cover temporary shortfalls in income and will allow the church to cope and respond to unforeseen emergencies whilst specific action plans are implemented. At 31 December 2025 the church had net free reserves of £274,748 (2024: £32,601) as follows:

PAROCHIAL CHURCH COUNCIL OF ST GILES-IN-THE-FIELDS

Report of the Parochial Church Council For the year ended 31 December 2025

Total reserves Less: restricted funds Less: tangible fixed assets Free reserves Free reserves requirement: 6 month’s budgeted routine expenditure	2025	2024 £ 53,627 (14,530) (6,496)
	£

	290,513
	(9,231)
	(6,534)

		32,601
	274,748

		225,000

	225,000

The free reserves position at year end is in excess of 6 month’s budgeted routine expenditure. The PCC will seek to maintain a level of free reserves which are at least equivalent to the free reserves requirement. An invested Reserve Fund will be maintained in order to ensure that the aims of the Charity can continue to be met in the event of sudden financial adversity and would only be drawn upon if a credible plan for its replenishment is presented.

4.3 Investment Policy

The church currently places spare funds on bank deposit and with a third party investment manager.

4.4 Grants Policy

The PCC makes annual grants, equivalent to 10% of its unrestricted income (which includes gift aid claimed back and rental/investment income), to support missionary endeavours both in the UK and abroad.

5. Plans for Future Periods

Further the financial security of the parish

To continue to grow the congregation in number and depth of faith

Work to develop plans for the re-roofing and decoration of the interior of the church building

To offer ‘Faith and Choral Scholarships’, providing music on a Sunday morning and at other occasions

6. Responsibilities of Trustees for the Financial Statements

The PCC is responsible for preparing the report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Charity law in England and Wales requires the PCC to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the PCC and of the income and application of income of the charity for that period.

In preparing those financial statements, the PCC is required to:

select suitable accounting policies and apply them consistently;
observe the methods and principles of the Charities SORP
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements; and
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the activities of the charity will continue.

PAROCHIAL CHURCH COUNCIL OF ST GILES-IN-THE-FIELDS

Report of the Parochial Church Council For the year ended 31 December 2025

The PCC is responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables 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 governing document. The PCC is 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 PCC is responsible for the maintenance and integrity of the charity and financial information included in the charity’s website.

7. Independent Examiner

The Trustees are pleased to confirm that Mr Michael Jarrett ACMA, CGMA has been appointed Independent Examiner of the Charity during the year.

8. Approval

The report of the PCC was approved by the PCC on 29 May 2026 and signed on its behalf by:

Rev. T Sander (Rector) Chairman

PAROCHIAL CHURCH COUNCIL OF ST GILES-IN-THE-FIELDS

Report of the Independent Examiner to the Parochial Church Council of St Giles-in-the-Fields

I report on the accounts of the Parochial Church Council of St Giles-in-the-Fields for the year ended 31 December 2025, which are set out on pages 10 to 20.

Respective responsibilities of PCC and examiner

The PCC are responsible for the preparation of the accounts. The PCC consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed.

It is my responsibility to:

examine the accounts (under section 145 of the 2011 Act);
to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); and
to state whether particular matters have come to my attention.

Basis of independent examiners’ report

My examination was carried out in accordance with the 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 the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, no opinion is given as to whether the accounts present a ‘true and fair view’, and the report is limited to those matters set out in the statement below.

Independent examiners’ statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the church as required by section 130 of the Act; or
the accounts do not accord with those records; or
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.

Michael Jarrett 24 May 2026

PAROCHIAL CHURCH COUNCIL OF ST GILES-IN-THE-FIELDS

Statement of Financial Activities For the year ended 31 December 2025

Unrestricted Funds 2025 £ 600,024 3,219 76,466 54		Unrestricted Funds 2024 £ 455,845 1,725 84,495 116	Total 2024 £ 460,800 1,725 84,495 116
	Total
	2025
	£

	601,657
	3,219
	77,033
	54

679,763		542,181	547,136
	681,963

8,385 429,193 437,578 - 242,185 - - 242,185 39,097 281,282		21,004 428,159	21,004 428,159

	8,385
	436,692

		449,163	449,163
	445,077

		-	-
	-


		93,018	97,973
	236,886

		- -	- -
	-

	-

		93,018	97,973
	236,886

		(53,921)	(44,346)
	53,627


		39,097	53,627
	290,513

PAROCHIAL CHURCH COUNCIL OF ST GILES-IN-THE-FIELDS

Balance Sheet

For the year ended 31 December 2025

Note Fixed Assets Tangible Assets 5 Current Assets Debtors 6 Cash At Bank And In Hand Creditors - Amounts Falling Due Within One Year 7 Net Current Assets Net Assets Represented By: Restricted Funds 8 Unrestricted Income Funds 9 Total Funds	Unrestricted Funds 2025 £ 6,534 6,534 181,771 105,462 287,233 12,485 274,748 281,282 - 281,282 281,282	Restricted Funds 2025 £ - 0 - 9,231 9,231 - 9,231 9,231 9,231 - 9,231			Total 2024 £
			Total
			2025
			£

			6,534		6,496



			6,534		6,496

			181,771		13,909
			114,693		41,441


			296,464		55,350

			12,485		8,219


			283,979		47,131


			290,513		53,627




			9,231		14,530
			281,282		39,097

					53,627
			290,513

The financial statements were approved by the PCC on 29 May 2026 and signed on its behalf by:

Will Grundy Treasurer

PAROCHIAL CHURCH COUNCIL OF ST GILES-IN-THE-FIELDS

Statement of Cash Flows For the year ended 31 December 2025

Note Net cash flows from operating activities 10 Cash flows from investing activities: Dividends, interest and rents from investments Purchase of property, plant and equipment Net cash used in investing activities Cash flows from financing activities Repayments of borrowing Net cash used in financing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents brought forward Cash and cash equivalents carried forward	Unrestricted Funds 2025 £ 80,363 54 (1,866) (1,812) - 0 78,551 26,911 105,462	Restricted Funds 2025 £ (5,299) - - 0 - 0 (5,299) 14,530 9,231		Total 2024 £ 35,058 116 (4,012)
			Total
			2025
			£

			75,064


			54
			(1,866)

				(3,896)
			(1,812)

				(50,000)


			-

				(50,000)
			0

				(18,838) 60,279

			73,252

			41,441

				41,441
			114,693

PAROCHIAL CHURCH COUNCIL OF ST GILES-IN-THE-FIELDS

Notes to the Financial Statements For the year ended 31 December 2025

1. Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Basis of accounting

The financial statements have been prepared under the Charities Act 2011 and in accordance with the Charities Statement of Recommended Practice (Charities SORP (FRS 102)) and Financial Reporting Standard 102 (FRS 102). The financial statements are drawn up on the historical cost basis of accounting except for the revaluation of freehold land and buildings 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 an affiliation to another body or those that are informal gatherings of church members.

The PCC meets the definition of a public benefit entity under FRS 102.

Going Concern

There are no material uncertainties about the charity’s ability to continue as a going concern and accordingly the accounts have been drawn up on a going concern basis.

Income recognition

Voluntary income and donations (including legacies) are accounted for once the PCC has entitlement to the income, it is probable the income will be received and the amount of income receivable can be reliably measured. Income from the recovery of tax on gift aided donations is accounted for in the period to which the relevant donation is received. Grant income is recognised on a receivable basis.

The income from trading activities includes rental income from the letting of church premises and leasehold land and buildings which is accounted for when earned. It is shown gross, with the associated costs included in fundraising costs.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Expenditure recognition

Expenditure is accrued as soon as a liability is considered probable, and the amount of obligation can be measured reliably. Longer term liabilities are discounted to present value. The PCC is not registered for VAT and accordingly expenditure includes VAT where appropriate.

Expenditure included in Raising Funds includes amounts incurred in obtaining grants and other donations and property maintenance costs.

Charitable expenditure includes those costs in fulfilling the PCC’s principal objects, as outlined in the Report of the PCC. These include grants payable, governance costs and an apportionment of support costs.

Grants payable are payments made to third parties in furtherance of the PCC’s objects. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expectation that they will receive the grant. Grants awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled condition attaching to that grant is outside of the control of the PCC.
Governance costs comprise all costs involving the public accountability of the PCC and its compliance with regulation and good practice. These costs include costs related to the independent audit/examination and legal fees.

The PCC contributes to certain employees' personal pension plans. These are defined contribution schemes, the assets of which are held separately from those of the charity. The cost in the accounts is the amount of contributions paid and payable during the year.

PAROCHIAL CHURCH COUNCIL OF ST GILES-IN-THE-FIELDS

Notes to the Financial Statements For the year ended 31 December 2025

1. Accounting Policies (continued)

Rentals under operating leases are charged as incurred over the term of the lease.

Tangible Fixed Assets

Consecrated Property and Moveable Church Furnishings

Consecrated land and benefice property such as the church building and vicarage is excluded the accounts in accordance with s10 of the Charities Act 2011. Moveable church contents are held by the vicar and churchwardens on special trust for the PCC and require a faculty for disposal are accounted as inalienable property unless consecrated. All expenditure incurred on consecrated or benefice buildings and moveable church furnishings, whether maintenance or improvement, is expensed within the Statement of Financial Activities.

Other Fixtures, Fittings & Office Equipment

The cost of other furniture, fittings and equipment, less any expected residual value, is depreciated on a straight-line basis over the effective useful lives of the assets, which have been estimated as between 4 and 15 years.

Investments

Listed investments are stated at market value. Realised and unrealised gains and losses on investments are reflected through the Statement of Financial Activities.

Debtors

Debtors are included at the settlement amount due. Prepayments are valued at the amount prepaid.

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 opening of the deposit.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation arising from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at their settlement amount.

Fund accounting

The funds held by the charity are either:

Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

PAROCHIAL CHURCH COUNCIL OF ST GILES-IN-THE-FIELDS

Notes to the Financial Statements For the year ended 31 December 2025

2. Income

Unrestricted Funds 2025 £ Donations & legacies Planned giving 18,610 Collections & donations 15,674 Income tax reclaimed 7,041 Legacies 21,699 Grants 537,000 600,024 Charitable activities Use of Church - Groups 400 Other 2,819 Other income Lettings income 75,521 Bookstall & Card Sales for Fundraising 945 Compensation Investments 76,466 Dividends - Interest Received 54 Gains/Losses on Investments - 76,520 679,763	Restricted Funds 2025 £ - 25 1,608 - - 1,633 - - 567 - - 0 - - - 0 2,200				Total 2024 £ 35,966 15,412 5,170 - 404,252
			Total
			2025
			£

			18,610
			15,699
			8,649
			21,699
			537,000

					460,800 1,725 -
			601,657

			400
			2,819

					57,580 4,165 22,750

			76,088
			945
			-

					61,745 - 116 -
			77,033

			-
			54
			-

					61,861
			77,087

					524,270
			681,963

3. Expenditure on Raising Funds

Unrestricted Funds 2025 £ Investment management fees 18 Publicity 3,373 Legal & professional fees 2,340 Collecting agent fees 109 Caretaker fees 2,545 8,385	Restricted Funds 2025 £ - - - - - 0				Total 2024 £ 35 3,052 13,169 108 4,639
			Total
			2025
			£

			18
			3,373
			2,340
			109
			2,545

					21,003
			8,385

PAROCHIAL CHURCH COUNCIL OF ST GILES-IN-THE-FIELDS

Notes to the Financial Statements For the year ended 31 December 2025

4. Expenditure on Charitable Activities

Unrestricted Funds 2025 £ Provision of Clergy (including Common Fund) 174,117 Church life & outreach 63,899 Gifts & grants (see note 4a) 21,400 Office costs 66,888 Provision of Church building, facilities & equipment 102,089 Governance 800 429,193	Restricted Funds 2025 £ 1,006 3,621 - - 2,872 - 7,499				Total 2024 £ 153,513 62,075 27,575 68,644 115,931 5,060
			Total
			2025
			£

			175,123
			67,510
			21,400
			66,888
			104,961
			800

					432,798
			436,682

4a Gifts & Grants

Gifts and grants included within Expenditure on Charitable Activities are as follows:

Unrestricted Funds 2025 £ Gifts & grants to: Organisations 21,400 Individuals - 21,400	Restricted Funds 2025 £ - - 0				Total 2024 £ 26,700 875
			Total
			2025
			£

			21,400
			-

					27,575
			21,400

4b Staff Costs

Included within expenditure on charitable activities are the following staff costs:

Wages and salaries Social security costs Employer allowance Pension costs		2025		2024
		£		£

		52,480		52,480
		5,961		4,732
		(5,961)		(4,262)
		1,771		1,686

		54,251		54,636

The average number of employees during the year was 2 (2024: 2). No employees received payments in excess of £60,000 during the year. There were no salaries paid to Key Management Personnel.

PAROCHIAL CHURCH COUNCIL OF ST GILES-IN-THE-FIELDS

Notes to the Financial Statements For the year ended 31 December 2025

5. Tangible Fixed Assets

Cost Brought forward at 1 January 2025 Additions Disposals At 31 December 2025 Depreciation Brought forward at 1 January 2025 Charge for Year Disposals At 31 December 2025 Net Book Value At 31 December 2025 At 31 December 2024	Fixtures,	Fixtures,
	fittings &
	equipment
		£

		9,136
		1,866
		-

		11,002


		2,640
		1,828
		-

		4,468


		6,534

		6,496

6. Debtors

Income tax recoverable Lettings receivable Other debtors		2025		2024 £ 8,431 3,288 2,190 13,909
		£

		4,202
		21,596
		155,973

		181,771

7. Creditors - Amounts Falling Due Within One Year

Sundry creditors and accruals Trade creditors		2025		2024 £ 4,895 3,324
		£

		5,695
		6,790

				8,219
		12,485

PAROCHIAL CHURCH COUNCIL OF ST GILES-IN-THE-FIELDS

Notes to the Financial Statements For the year ended 31 December 2025

8. Restricted Funds

8a: Current Year Special collections American Church Bishop of London Fund Bishops Lent Appeal Churchyard Project Camden Council Play in-the-Field Catherine & Oliver Wedding Fund Diocesan Board of Finance (fees) Leaving collection Migrant Help UK Showerbox Sing for Ukraine Help for Hero's Windows Bible Society Christian Aid Leprosy Mission Royal Agricultural Benevolent Fund The Halo Trust	At 1 January 2025 £ 426 37 56 1247 4,000 0 0 0 150 996 17 263 43 5,001 1,190 321 236 220 327 14,530	At 1 January 2025 £ 426 37 56 1247 4,000 0 0 0 150 996 17 263 43 5,001 1,190 321 236 220 327 14,530		Income £ Expenditure £ Transfers £ 100 - - - - - - - - 215 - - 1,000 (3,878) - - (3,621) - 31 - - 567 - - - - - - - - - - - - - - - - - - - - 102 - - 73 - - 40 - - 45 - - 27 - - 2,200 (7,499) 0	Income £ Expenditure £ Transfers £ 100 - - - - - - - - 215 - - 1,000 (3,878) - - (3,621) - 31 - - 567 - - - - - - - - - - - - - - - - - - - - 102 - - 73 - - 40 - - 45 - - 27 - - 2,200 (7,499) 0	Income £ Expenditure £ Transfers £ 100 - - - - - - - - 215 - - 1,000 (3,878) - - (3,621) - 31 - - 567 - - - - - - - - - - - - - - - - - - - - 102 - - 73 - - 40 - - 45 - - 27 - - 2,200 (7,499) 0	Gains/ (losses) £ - - - - - - - - - - - - - - - - - - - 0	At 31	At 31
								December
									2025
									£

									526
									37
									56
									1462
									1,122
									(3,621)
									31
									567
									150
									996
									17
									263
									43
									5,001
									1,292
									394
									276
									265
									354


									9,231

Descriptions of the various restricted funds are as follows:

Special collections . The special collection was for Housing Justice. American Church . A collection for the American Church in London. Bishop of London Fund . A collection for the Bishop of London Fund. Bishops Lent Appeal A collection for the American Church in London. Leaving collection . A collection for a member of the church.

Showerbox. Grants received to fund the Showerbox on the church premises. Showerbox provide free and secure shower space for the street and hidden homeless in London.

West London Mission . Collection for the West London Mission.

Windows . Legacy received for stain glass repair. Christian Aid . Collection for Christian Aid Leprosy Mission . Collection for Leprosy Mission Royal Agricultural Benevolent Fund . Collection for Royal Agricultural Benevolent Fund The Halo Trust . Collection for the Halo Trust

Camden Council Play in-the-Field – This is scheme to support children in the holiday period and we await a grant from Camden to fund the work

PAROCHIAL CHURCH COUNCIL OF ST GILES-IN-THE-FIELDS

Notes to the Financial Statements For the year ended 31 December 2025

8. Restricted Funds (continued)

8b: Prior Year Special collections American Church Bishop of London Fund Bishops Lent Appeal Churchyard Project Leaving collection Migrant Help UK Showerbox Sing for Ukraine Help for Hero's Windows Bible Society Christian Aid Leprosy Mission Royal Agricultural Benevolent Fund The Halo Trust	At 1 January 2024 £ 373 - - 1,161 - 150 850 17 - 0 5,001 1,077 302 161 185 298 9,575	At 1 January 2024 £ 373 - - 1,161 - 150 850 17 - 0 5,001 1,077 302 161 185 298 9,575		Income £ Expenditure £ Transfers £ 54 - - 37 - - 56 - - 86 - - 4,000 - - - - - 146 - - - - - 263 - - 43 - - - - - 112 - - 19 - - 75 - - 35 - - 29 - - 4,955 0 0	Income £ Expenditure £ Transfers £ 54 - - 37 - - 56 - - 86 - - 4,000 - - - - - 146 - - - - - 263 - - 43 - - - - - 112 - - 19 - - 75 - - 35 - - 29 - - 4,955 0 0	Income £ Expenditure £ Transfers £ 54 - - 37 - - 56 - - 86 - - 4,000 - - - - - 146 - - - - - 263 - - 43 - - - - - 112 - - 19 - - 75 - - 35 - - 29 - - 4,955 0 0	Gains/ (losses) £ - - - - - - - - - - - - - - - - 0	At 31	At 31
								December
									2024
									£

									427
									37
									56
									1,247
									4,000
									150
									996
									17
									263
									43
									5,001
									1,189
									321
									236
									220
									327


									14,530

9. Unrestricted Funds

At 1 January 2025 £ (106,092) 137,689 7,500 39,097	Income £ Expenditure £ Transfers £ 679,763 (437,578) - - - - - - - 679,763 (437,578) 0	Gains/ (losses) £ - - - 0	At 31	At 31
			December
				2025
				£

				136,093
				137,689
				7,500


				281,282

	Income £ Expenditure £ Transfers £ 542,181 (449,163) - - - - - - - 542,181 (449,163) 0	Gains/ (losses) £ - - - 0
At 1 January 2024 £ (199,110) 137,689 7,500 (53,921)				At 31
			December
				2024
				£

				(106,092)
				137,689
				7,500


				39,097

Descriptions of the main designated funds are as follows:

Reserves Fund. Funds set aside by the PCC for future years. Mission Work fund . Funds set aside by the PCC to fund mission work.

PAROCHIAL CHURCH COUNCIL OF ST GILES-IN-THE-FIELDS

Notes to the Financial Statements For the year ended 31 December 2025

10. Reconciliation of net income to net cash flow from operating activities

Net expenditure for the year (as per the statement of financial activities) Adjustments for: Depreciation charges Investment income (Increase)/decrease in debtors Increase/(decrease) in creditors Net cash provided by operating activities	Unrestricted Funds 2025 £ 242,185 1,828 (54) (167,862) 4,266 80,363	Restricted Funds 2025 £ (5,299) - - - - (5,299)		Total 2024 £ 97,973 1,723 (116) 14,252 (78,774)
			Total
			2025
			£

			236,886



			1,828
			(54)
			(167,862)
			4,266

				35,058
			75,064

11. Related Party Transactions

The Rev T Sanders and Mr W Grundy are trustees in common with West Street Charity (Registered charity number 1135436). The objects of the West Street Charity include the maintenance and upkeep of the church and churchyard of St Giles, and such other charitable purposes connected with the work of the Church of England within the said parish or the surrounding district as the Parochial Church Council of St Giles shall think proper. St. Giles received grants amounting to £537,000 (2024: £359,000) from West Street Charity for payment of the Common Fund contributions, stipends, salaries and the repair and maintenance of the Church and Churchyard. As at 31 December 2025 St Giles was owed £2,190 (2024: £2,190) by West Street in relation to recharged expenditure.

During the year Members of the PCC s gave a total of £3,685 (2024: £4,280) in unrestricted offerings and donations.

There were no other related party transactions either with the above-named charities or with the trustees personally other than those already stated.