Christchurch LOWESTOFT Everg6rte rtee6ts Jes£ CHRISTCHURCH WHAPLOAD ROAD LOWESTOFT ANNUAL REPORT AND FINANCIAL STATEMENTS OFTHE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER2025 INDEXTOACCOUNTS Page Legal and Administrative details Minister's Report Structure Governance and Management Independent Examiner's Report Treasurer's Report Statement of Financial Activities Balanoe Sheet Notestothe Accounts
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFT LEGAL AND ADMINISTRATIVE DAlL5 FOR THE YEAR ENDED 31 DECEMBER 2025 Charitable Ststus The Parochial Church Council is a charity. Registered Charity Number 1131184. Connected Charlty The Parochial Church Council is connected with Christ Church Lowestoft Trust, Registered Charity Number 1048325. The trustees of the Christ Church Lowestoft Trust are four elected members of the congregation of Christ Church Lowestoft and one member of the Parochial Church Council. Address for Correspondence Christ Church Administration Herring Fishery Score Lowestoft NR32 IXE Members of the Parochial Church Councll Monica Brewster Jon Carter Barrie Cossey Bunny Fisher Andy Hicks Pam Hicks Carelien Martin Anna Pollard {Joined July 20251 David Ryczanowski Jill Stebbings Andrewfimbedake Eddie fimberlake (Resigned APCM 20251 Angela Waterson (Resigned April APCM 20251 Peter Williams Claire Williams Treasurer AndrewTimberlake Secretary Anna Pollard Bankers Barclays Bank PLC 61 London Road North Lowestoft Independent Examiner (Appointed March 20251 Zowie Duffield 24 Camden Road Great Yarmouth NR30 3AB
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFr MINISTER'S ANNUAL REPORT FOR 2025 The PCC of Christ Church Lowestoft seeks to support the mission and ministry of the church, particularly in managin8 the finances, buildings, policies and employment of staff. In 2025, we employed a Families Coordinator, a Sports & Youth Worker, a Church Administrator and a Cleaner. The PCC has especially made strong progress on our Building Project plans. We aim to maintain good practice with Safeguarding and to fully cooperate with the Diocese of Norwich Safeguarding team. The work of the PCC has allowed the church to continue to develop a range of activities and service5 that seek to reach a new generation with the good news of Jesus Christ. Our central artivities are our Sunday services. Our main Sunday morning servi {10am service) contir)ues to be focused around expository preaching and is steadily growing in numbers. We also run afternoon all-age Café Church setvices, an infomial evening service (The Gathering'l and an occasional young adult led service (The Big House,). Other special setvices include Christmas & Easter services, funeral and thanksgiving services. Our midweek programme for adults has included prayer meetings, training seminars and a range of small groups (women's groups. a men's group and a young adults, group). We have also offered courses allowing adults to explore the Christian faith and baptism. Our midweek programme for children and youth continue5 to grow and includes Shrimps lour play and stay parents/8randparents and toddlers. group), Saturday Club {3-7sl, Explorers Club17-IOsl and Breakout111-18sl. For families together. we run Messy Church, FISH IFood-in-School- Holidays), a Families BBQ and various special events. We continue to invest in our Sports programme for all ages. including our Badminton group, Beach Games, Cricket Club, Indoor Bowls, Legacy School Holiday Club, a Sports Quiz as well as Wdfiou5 one-off activities. At our APCM in April 2025, our Electoral Roll number is 153. Our usual Sunday attendance continues to steadily grow and for 2025 was 1591128 adults and 31 children) on Sunday mornings. Jon Carter (Vicar) Andrew Timberlake & aalre Wllllams (Wardensl
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFr STRUCTURE GOVERNANCE & MANAGEMENT The trustees of the charity are the members of the Parochial Church Council IPCC), which during the year included the Vicar, Churchwardens. Familie5 Coordinator and Church Office Administrator (who acts as PCC Secretary). This structure ensures governance in allgnment with the regulations and policies of the Church of England. The PCC continues to operate a reserves policy, originally estsblished in 2015, which aims to hold funds equivalent to approximately two months of standard operating costs plus an additional month of salary expenses. To support thi5 policy. the PCC has designated £5,LM)O from the General Fund into a separate "Reserves" fund, which remained unchanged during 2025. In 2025, income from investments of £1,406 arising on balances held for the Building Fund was credited to that designated fund. No other amounts were designated to or released from the designated funds during the year. As a result, the Building Fund increased from £121,800 to £123.206. Total unrestricted funds at 31 December 2025 were £170,668, comprising the General Fund of £41,592, the Building Fund of £123,206, the Reserves Fund of £5,000 and Bequests of £870. v the end of 2025. the reserves. consisting of unrestricted current assets minus liabilities as outlined in the analysis of net assets by fund. amounted to £98,668, compared with £140,592 at the end of 2024. This reflects the reduction in unrestricted net current assets during the year while maintaining designated provision for reserves and future building-related ministry development.
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFT REPORT TO THE TRUSTEEs/MEMBERS OF CHRIST CHURCH, LOWESTOFT ON ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 CHARITY NUMBER 1131184 I report to the trustees on my examination of the accounts of the above charity I'the TrusVI for the year ended 31 December 2025. Responsibilities and basi5 of report As the charit¢s trustees, you are responsible for the preparation of the account5 in accordance with the requirernents of the Charities Act 2011 {°the AcV}. I report in respect of rny examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commlssion under section 14515llbl of the Art. Independent exarnlnerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that, in any material respect: the accounting records were not kept in accordance with section 130 of the Charitie5 Act; or the accounts did not accord with the accounting records- or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities {Accounts and Report5} Regulations 2008 other than any requirement that the accounts give a 'true and fairf 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. Zowle Duffield 24 Camden Road Great Yarmouth NR30 3AB 0210412026
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFr TREASURER'S ANNUAL REPORT FOR 2025 This report summari5e5 the financial position of Christ Church, Lowestoft for the year ended 31 December 2025. The accounts have been prepared in accordance with the Charities SORP IFRS 1021. Total incoming resources for the year amounted to £162,392 and total resources expended amounted to £171,104, resulting in a net outgoing movement in funds of £8,712 for the year. A slgnificant element of expenditure related to di0$an commitments. including £61,645 recognised in respect of diocesan share. At 31 December 2025. the PCC'S total funds stood at £238,90212024: £247.6141, comprising £170,668 of unrestricted and designated funds and £68,234 of restricted funés. The Balance Sheet shows f ixed assets of £72.O¢J). Current assets at the year end totalled £224,117, comprising debtors of £56,CM)). short-term deposits of £122.863, and cash at bank and in hand of £45,254. Current liabilities falling due within one year arnounted to £57,215, leaving net current assets of £166.902. Included within debtors is income tax recoverable in SpeCt of Gift Aid. Restricted funds increased during the year from £35,022 to £68,234, the principal movement arising in the Ministry Staff Fund. Although the PCC reports a deficit for the year. the financial position at 31 December 2025 remains 5t3ble. The PCC continues to monitor its unrestricted resources carefully in light of ongoing ministry costs, diocesan commitments and future operational pressures, and remains committed to the responsible stewardship of its resources in support of the church's ministry and mission. Andrew Timberlake (Treasurer)
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFr STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 Total Funds Z025 Total Funds 2024 Unrestsicted Funds Restricted Funds Note In¢omlng Resources Incoming Resources from Donors other Voluntary Incoming Resources Incorlling Resources from Operating Activitie5 to Generate Funds Income from Investrnents Total Incomlng Resources 2{al 78,152 63,299 141,451 114,687 21bl 12,6CKJ 11,624 21cl 21dl 2.740 4,195 5,935 1,406 162,392 9,139 1.839 137,289 86398 75,994 Resources Expended Grants Activities Directly Relating to the Work of the Church Church Management and Administration Total Resources Expended 3{al 4.050 4,050 5,fA)O 31bl 111,374 33,130 144,504 143,986 31c} 22.550 137.974 22,550 171,104 12,295 161,881 33,130 Net Incomlnglloutgolngl Resources 151.5761 42,864 18,7121 124.5921 Gr05S transfers between funds 9.652 19.6521 Net Movement in Funds {41,9241 33,212 18.7121 124.5921 Balance at l January 2025120241 212,592 35,022 247.614 272,206 Balance at 31 December 2025 170,668 68,234 238,902 247,614 There are no recognised gains or losses other than those included in the results above, and therefore, no separate statement of total recognised gains and105ses has been presented. The notes set out on pages 9 to 17 form an integral part of these accounts.
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFr BALANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 Note Fixed Assets Tangible fixed assets 72,0 72,oIXI Current Assets Debtors Short term deposits Cash at bank and in hand 56.OC(I 122,863 45,254 224,117 64.446 121.465 226.513 Current Llabilities: Amounts falllng due wlthln one year io 57.215 50,899 Net Current Assets 166,902 175,614 Net Assets Funds Unrestricted Restricted 238.902 247.614 170.668 68,234 238,902 212,592 35,022 247,614 Approved bythe Parochial Church Counciland signed on Fts behalf by Jon Carter Clair8 Williams AndrewTimberl8ke Dgt8
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 l Accounting policies lal Basis of Accounting The financial statements have been prepared in accordance with the Statement of Recommended Accounting Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS1021 and the Charities Act 2011. Ibl Funds General fund5 represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are a150 unrestricted. Restricted funds are to be used for the specific purposes laid down by the donor. The accounts include all transactions, a55ets 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 infomial gatherings of church members. Ic) Incomin8 Resources Voluntary income und capital sources Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recogni5ed when the principal amount is received. Income tax recoverable on covenants or gift aid donation5 is recognised at the same time. Grants and legacies to the PCC are accounted for as 500n as the PCC is notified of its legal entitlement and the amount due. Funds raised by events are accounted for gross. Sales of books and rnaBazine5 from the church bookstall are accounted for gross. Other ordinary income Rental income from the letting of church premises is recognised when the rental is due. Parochial fees due to the PCC for weddings. funerals etc are accounted for on an event by event basis.
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFr NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 l Accounting policies {continued) Id) Resource5 Expended Gronts Grant5 and donat10115 are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. Activities dirertly relating to the work of the Church The Diocesan quota or parish share is accounted for when payable. Any quota unpaid at 31 December is provided for in these account5 as an operational {though not a legall liability and 15 shown as a creditor in the Balance Sheet. le) Flxed Assets Consecrated land and buildings and movoble churchfvrnishings Consecrated and beneficed property is excluded from the accounts under the Charities Act 2011. No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers thi5 to be an inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, 15 written off as expenditure in the SOFA and separately disc105ed. Otherfreehold lond and buildings The PCC considers that due to the long useful life of the Church Halls and the fact that they are kept in a good state of repair. any charge for depreciation would be negligible and therefore no provision has been made. Otherfixturesfittings and office equipment Equipment used within the church premises is depreciated on a straight-line basi5 over 4 years. Individual iterns of equipment with a purchase price of £2.OCK) or less are written off when the asset is acquired. lfj Current Assets Amount5 owinE to the PCC at 31 December 2025 in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectible. Short-term deposits include cash held on depostt either with the Central Board of Finance or at the bank io
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 l Accounting policies (continued) Ig} Current liabilitie5 Creditors and provi5ion5 are recogni5ed where the charity has a present obligation resulting 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. (h) Golng concern The trustees consider that there are no material uncertainties about the charitws ability to continue as a going concern. The trustees do not consider that there are any source5 of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. lil Pen510115 The charity contributes to money purchase defined contribution schemes on behalf of its employees. No liability exists in respect of pensions other than monthly contributions due Included in creditors. li
PAROCHIAL CHURCH COUNCIL OF CHRISTCHURCH LOWESTOFT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2 Incoming Resources Unrestricted Restrltled Total Funds 2025 Total Funds 2024 Funds Funds (al IncomlngResources from Donors Planned Giving Donatlons IncomeTax Recoverable 52,068 59,130 111.198 104,687 26,084 4169 3D,253 10,000 Colleclions at all SeNices 78,152 63,299 141,451 114.687 Ibl Other voluntarylncomingresources DDnations A4)peaisetc. 4,100 4,100 5,041 Grants 8.500 8,500 6,583 4,1(Xl 12,600 11,624 Icl Incomlngresources from operatingactivities to generate funds and/ordefraycosts Church events 977 4.195 5,172 7.778 Church hall lettinES 1670 1670 Book5 &Training materials 93 367 Fees 2,740 4.195 6,935 9,139 Idl Income from investments Bank deposf( intsrest 1,406 l.d06 1839 Total Incomlng Resources 86,398 75,994 162,392 137,289
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 3 Resources Used Unrestrfcted Funds Re5trirted Funds Total Fund$ 2025 Total Funds 2024 (al Grants Missionary and Charitable Glving Missionary Societie5 Mission Support Welfare Grants 4,050 4,050 5,600 4,050 4.050 5,600 Actlvities dirertly reloting to Ibl the work of the Church Ministry- Diocesan Share Clergy Expenses Staff salarles Tralning and Conferences Church Fellowship Events Outreach Upkeep of SeNices Building & Utilities Church Running Expenses Youth, fami & sports ministry costs Fabric & Equipment Printing and Stationery Pvbllcity & Communty General Expenses Diocesan Fee5 Vicar's Discretionary general expenses 61,645 2,198 3,923 541 61,645 2,198 36,942 541 55,000 3,362 46,889 33,019 840 1,466 2,407 28,365 2.407 28365 13,039 11,068 9,462 1,803 323 2,200 9,989 9,989 iii iii 111.374 33,130 144,504 143,986 Church Management and Administrotlon Administrator's Salary Church Office Running Expenses Integrated Di8ltal & Telecommunication 18,554 3,996 18,554 3,996 11,160 1,135 22,550 22,550 12,295 Total Resource5 Expended 137.974 33,130 171,104 161,881 The 2025 Resource5 Used figures include staff salary costs of £36.942 within activities directly relating to the work C*f the Church, of which £33.019 was rnetfrom re5tricled funds. (hurch Managemènt and Administration amounted to f22S50, cornprising Admlnistratorf5 Salay of £1854 and Church Office Runnlng Expenses of £3.996. Total staff costs dlsdosed separately in Note 4 amounted to £55,496. 13
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFr NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 4 Staff Costs 2025 2024 Wages and salaries Social security costs Other pension costs 54,712 53.125 4.130 57.255 55.496 During the year the PCC employed a Sports &Youth Worker. a Families Coordinator, a cleaner, and an Administrator. The average weekly number of Staff employed by the charity during the vear was 412024-4}. No memberof staff earned more than £60,¢YXI. Remuneration totalling £53,512 was paid to 3 trustee5 during the year, bLJt not for their role as trustees of the charty. Expenses totalling £12,296 {2024- £12,838) were reimbursed to 9 trustees12024- 71 during the year 5 Fixed Assets for use by the Church Tangiblefixed assets Freehold land and buildings Gross Book value at l January and 31 December 2025 The freehold land and buildings comprise the Church Hall&situated at Herring Fishery Score Lowestoft. For accounting purposes, the historical cost of this property is deemed to be its 1994 valuation, and has not been updated. The Diocese holds the land and buildings on behalf of the Parish as Custodian Trustees. The buildings have not been depreciated for the reasons given on page 9 note Ilel. Computer Equipment Cost at lJanuary 2025 Additions 2025 6.878 C05t at 31 December 2025 6,878 6,878 Accumulated Depreciation at ljanuary 2025 Depreciation Charge 2025 Accumulated Depreciation at 31 December 2025 Computerequipment net bookvalue at 31 December 2025 Computerequipment net bookvalue at 31 December 2024 Total fixed asset net book value at 31 Dember 2025 6,878 72,OCX) Total fixed asset net book value at 31 December 2024 72,000 14
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 6 Unrestricted Funds The incorne fund5 of the PCC include the General Fund and designated funds, which have been set aside out of unrestricted funds by the PCC for specific purposes. During 2025, incorne from investments of £1.406 arising on balances held for the Buildlng Fund was credited to that designated fund. No other amounts were designated to or released f rom the designated funds during the year. The total balance of unrestricted funds at 31 December 2025 was £170,66812024- £212,592). 2025 2024 General Fund Designated Funds". Building Reserves Bequests 41,592 84,922 123,206 121,800 870 170.668 870 212.592 15
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFr NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 7 Restricted Funds The funds of the PCC include restricted funds comprising of the following unexpended balances of donations and grants held on trusts to be applied for specific purpose5. Balance 31 December 2024 Balance 31 December 2025 Movement in Resources and Fund Reallocations Income & fund reallocations Applied or transferred Restrlrted Funds Mlnistry Staff Fund Youth. Farni & Sports ministry Children's Benevolent Overseas Missions Women's Mission Ministerial Support Men's Fellowship Bulldln8 Incl. FabHe, Window5 & tchen Admin/Office Flowers Diocesan & Other Fees Chrf5t Church Trust Gifts Discretionary Vicar's Dlscretionary Total Restricted Funds 19.827 4,973 1,152 75.994 33.019 4,973 62,802 1,152 988 335 783 335 783 48 3,705 2.077 3,705 2,077 25 iii 661 25 575 35.022 76W19 42,807 68.234 During the year. certain brought-forward restricted balances were reallocated. This included £25 transferred from the Discretionary Fund to the Vicarfs Discretionary Fund. As this was an intemal movement between restricted funds. it does not form part of restricted incoming resources reported in the SOFA. Certain historic restricted balances were also applied or transferred where the relevant restricted purpose had been fulfilled or where the related expenditure was appropriately borne by the general fund. 16
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 8 Analysls of Net Assets by Fund Unrestrlcted Funds Restricted Funds Totsl Fixed Assets Current Assets Current Liabilities Fund Balance 72.(KKI 155,883 72,OQK) 224,117 68,234 57.21 S 170,668 157.2151 238,902 68,234 9 Debtors 2025 2024 Income Tax Recoverable 56.000 64,446 Other Debtors & Prepayments 56.000 64,446 10 Liabilities- Amounts falling due within one year. 2025 2024 Missions Dlocese HMRC Parish Share [Ephesian Fund] Other Total 4.050 3.130 2,182 46,150 5.600 2,635 2,002 40,(HX) 662 57,215 50.899 A total of £46,150 wa5 accrued for the unpaid portion of the 2025 Parish Share, which was paid in January 2026 via the Ephesian Fund. This accrual ensures that the total 2025 Parish Share cost is fully ref lected in these accounts. 11 Related Party Transactions There were no related party transactions in the year that required disclosure. 17