## Edgware PCC 

Report and Accounts Year ended 31 December 2025 


1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk 



## St Margaret’s, St Andrew’s, St Peter’s 

The Parochial Church Council of the Ecclesiastical Parish of Edgware 

Registered Charity 1131803 

## Annual Report and 

Financial Statements of 

The Parochial Church Council of the Ecclesiastical Parish of Edgware 

For the year ended 31 December 2025 

Team Rector Team Vicar Team Vicar Self-Supporting From 3rd December 2018 From August 2008 From September Minister 2024 From July 2010 to May 2025 Revd Prebendary Francis Revd Simon Rea Revd Simon Curtis Adu-Boachie 9 Lacey Drive 2 Savoy Close Revd Kostakis 1 Beulah Close Edgware Edgware Christodoulou Edgware 

Bank 

CAF Bank Ltd West Malling Kent ME19 4JQ 

Independent Examiner 

Parish Advisors 

Stewardship Stewardship 1 Lambs Passage 1 Lambs Passage London London EC1Y 8AB EC1Y 8AB 

Page 1 



## St Margaret’s, St Andrew’s, St Peter’s 

The Parochial Church Council of the Ecclesiastical Parish of Edgware 

Registered Charity 1131803 

## Introduction 

Edgware Parish is an Anglican Evangelical Team ministry situated in the North of London at the end of the Northern Line Underground. It is part of a vibrant, multicultural township in the Borough of Barnet. The Parish is a Team Scheme created in 1998 and includes St Margaret’s, St Andrew’s, and St Peter’s. Each church has its own full-time stipendiary minister, one of whom is the Rector for the parish. 

## Administrative Information 

The Parochial Church Council of the Ecclesiastical Parish of Edgware (more usually known as Edgware PCC) is the charity responsible for Edgware Team Parish, part of the Edmonton Area of the Diocese of London within the Church of England. 

Each of the three District churches St Margaret’s (StM), St Andrew’s (StA) and St Peter’s (StP) within the Parish has its own Local Leadership team (LLT), to which the PCC can delegate certain of its duties and functions. The Local Leadership Teams allow more representation at a local level to encourage engagement with local mission and ministry. 

## Structure, Governance and Management 

## _Organisation_ 

The Parochial Church Council (PCC) is a corporate body operating under the Parochial Church Powers Measure of 1956.  The Parish is registered with the Charity Commission under its full name, The Parochial Church Council of the Ecclesiastical Parish of Edgware, in compliance with the 2006 Charities Act, under number 1131803. The charity is more usually known as Edgware PCC or Edgware Parish. 

The PCC and LLTs are governed by the Edgware Team Scheme of 2000 and the Church Representation Rules, which describe the method of appointment of PCC and LLTs members. 

The LLT’s replaced the former District Church Councils following a resolution agreed at the Annual Parochial Church Meeting April 2017.  The resolution agreed that from April 2018 the PCC would be made up of 4 lay members from each District Church, so the total number on PCC would be 12 Lay and 4 Clergy. This was implemented in April 2018 by natural reduction of retiring members from the PCC. 

Broadly speaking the PCC has overall responsibility for finance, buildings and compliance with the law, and delegates responsibility for carrying out its primary objectives to the Local Leadership Teams. 

The PCC accepts its collective responsibility for ensuring proper books & records are maintained, for ensuring appropriate financial controls are put in place, and for the form & content of the attached accounts, which have been approved by them. 

Since 1st January 2024 the following served as PCC members, and were therefore the charity’s trustees: 

_Team Rector_ Francis Adu-Boachie                           Chairman PCC _Team Vicar_ Simon Rea St P 

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## St Margaret’s, St Andrew’s, St Peter’s 

The Parochial Church Council of the Ecclesiastical Parish of Edgware 

||Registered Charity 1131803||
|---|---|---|
|_Team Vicar_|Simon Curtis St M                                 from September 2024||
|_SSM Associate Vicar_|Kostakis Christodoulou                        until May 2025||
|<br>_Parish Warden_|Henry Acquah<br>|from April 2021|
|_Parish Warden_|Dave Franklin<br>|from April 2022|
|Parish Secretary.|Sirous Esfandyari Moghaddam           until April 2025||
|_Parish_ _Treasurer_|Maureen Barnard St M||
|_Deputy Warden_|Maureen Barnard St M|from April 2025|
|_Deputy Warden_|Samantha McCarthy St M|from April 2025|
|Deputy Warden|Michael Sadler St A|from April 2023|
|_Deputy Warden_|George Mathew StA|from September 2020|
|_Deputy Warden_|Samuel Kofo-Kasumu StM|until April 2025|
|_Deanery Synod_|Barry Wynford-Dawes St A|from September 2020|
|_Deanery Synod_|Dave Franklin St P|from September 2020|
|_Deanery Synod_|Maureen Barnard St M|from September 2020|
|_Elected members._|||
||Catherine Taylor St A|from April 2016|
||Martina Enughi|until April 2025|
||Daisy Lai|from April 2024|
||Joanita Nabukenya|from April 2024|
||Samuel Kofo-Kasumu.|from April 2025|
||Sylvia Jones StM Treasurer|from May 2025|
||Ann Adu-Boakye StA Treasurer|from May 2025|
||Brenda Franklin StP  Treasurer|from May 2025|



In addition to the Local Leadership Teams, the PCC can call on several committees, which have the power to transact the business of the PCC, subject to terms of reference agreed by the PCC: 

- PCC Standing Committee (chaired by the Rector). This committee is delegated the power to transact the business of the PCC between PCC meetings, and subject to any directions given by the PCC. It consists of the incumbent, Team vicars, the two wardens, a representative warden from the third church and the treasurer. It also has responsibilities for parish properties. Rev Simon Rea is the Parish Lead on properties. 

- Parish Finance Working Group (chaired by the Rector) has oversight of the expenditure, budgeting, and compliance aspects. Membership includes 3 District Treasurers who deal with paying in donations and gift aid claims, and Maureen Barnard as Parish Treasurer. 

- Parish Trustee Working Group to oversee matters related to paid staff. It is responsible for staff employment and policy issues. 

- Children’s Ministry Working Group oversees matters relating to children and young people. 

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## St Margaret’s, St Andrew’s, St Peter’s 

The Parochial Church Council of the Ecclesiastical Parish of Edgware 

Registered Charity 1131803 

- St Peter’s community youth work, the Stonegrove Estates Youth Project (‘SEYP’) is funded by grants from various sources. Rev Simon Rea provides line management and strategic direction for the project and manages the youth workers. while the PCC has overall responsibility. 

## Objectives and Activities 

Edgware PCC has the responsibility of co-operating with the Team Rector, Team Vicars and any other clergy of the Parish of Edgware in promoting the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England and the whole mission of the Church: pastoral, evangelistic, social and ecumenical. 

The PCC is aware of the Charity Commission’s guidance on public benefit and in particular the guidance on “The Advancement of Religion for the Public Benefit” and have regard to this in their administration of the Parish. 

The PCC believes that, by fulfilling its responsibility to work together with the incumbent in the Parish and co-operate in all matters of concern and importance for the promotion of the whole mission of the Church; pastoral, evangelistic, social and ecumenical, it provides a benefit to the public by continuing the following activities: 

- providing resources and facilities for public worship, pastoral care and spiritual, moral and intellectual development, both for its members and for anyone who wishes to benefit from what the Church offers. 

- promoting Christian values, and service by members of the Churches in the Parish to their communities, to the benefit of individuals and society. 

- provision of sacred space for personal prayer and contemplation 

- taking religious assemblies in schools and providing Sunday school for children 

- providing age-related youth meetings with a Christian ethos 

- providing a safe space for worship and community action. 

Among other things, the PCC is responsible for the parochial budget and all expenditure, for the care and maintenance of church and hall fabric and grounds, and for any action on other matters referred to it in accordance with the Edgware Team Scheme of 2000 and the Church Representation Rules and is the normal channel of communication between parishioners and the Diocesan Area Bishop. 

## _London Diocese Vision 2023_ 

## Vision 23-28 

Becoming a Church of belonging and transformation and sharing the love of Jesus with our community. 

## Mission Statement: 

We are committed to transforming communities by empowering people to live out God’s love and hope in a church where everyone is welcome. 

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## St Margaret’s, St Andrew’s, St Peter’s 

## The Parochial Church Council of the Ecclesiastical Parish of Edgware 

Registered Charity 1131803 

## _Aim 2025_ 

We aim to be a Church where people from all ages and backgrounds are welcomed to encounter the love of God in a transformational way, so that we may be empowered as passionate disciples and as fully developed communities to share the good news of God with a world yearning for love. 

We achieve this by working out the following priorities in the following sectors of ministry: 

Worship and fellowship: To create a space of welcome and building fellowship of belonging for people from and all ages (and especially children) and backgrounds to be disciples of Christ and to promote worship that is accessible, inspirational, renewing and relevant. 

Discipleship: To create opportunities and culture for growth at different stages of the faith journey and to develop leaders, ministers and volunteers for mission and ministry. The parish will do the following: 

- Support and help develop all Church workers (including volunteers) 

- Help develop all forms of ministries and leadership through local and diocesan ministry development programmes. 

- Coordinate parish-wide nurture groups. 

- Resource children’s and young peoples’ ministry 

Children, Young People and Families: To invest and resource Children and young people’s ministry within the church and in our communities and to grow the number of young families. 

Community Outreach & Evangelism: To employ creative and relevant methods of evangelism and compassionate community action so that we may be good news to our neighbours (communities). 

Safer Church: Develop a culture of safe living for worship, fellowship and community action _._ 

Mission Action Plans: To be decided by Local Leadership Teams as they work out their priorities. 

## _Strategies and Activities_ 

Given the two-tier nature of our parish, the PCC sees its role as that of resourcing, co-ordinating and facilitating the distinct missions of our 3 district churches to carry out their own local mission and ministry aims in their distinctive contexts. It is also responsible for our finances and Safeguarding. 

## _Contribution of Volunteers_ 

The PCC is very reliant on the time and expertise of church members to help it in achieving its objectives.  This ranges from those involved in Sunday services, including musicians and children’s workers, to those responsible for managing our finances and buildings, as well as the many who sit on the various committees and working groups. The PCC wishes to express our heartfelt thanks to all leaders and workers who contribute to the ministry of the church. 

## _Grant Policy_ 

The PCC gives away about 10% of its unrestricted donor income to individuals and organisations as chosen by the DCCs. The PCC reviewed our mission giving strategy and streamlined the number of charities we support as a parish to improve the impact and reach of our donations. 

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## St Margaret’s, St Andrew’s, St Peter’s 

## The Parochial Church Council of the Ecclesiastical Parish of Edgware 

## Registered Charity 1131803 

## _Electoral Roll & Church Attendance_ 

The figures below show the roll numbers on 31st December 2025. 

|The figures below show the roll numbers on 31st|December 2025.|||
|---|---|---|---|
|<br>_St M_|_St A_|_St P_|_Parish_|
|Electoral roll 2025                                   50|47|61|153|
|adult worshipping community 2025      50|48|73|171|
|youth worshipping community 2025       9|12|28|49|
|Baptisms in 2025<br>0|0|4|4|
|Confirmations in 2025<br>0|2|7|<br>9|



## _Review of the Year_ 

The PCC met six times during the year. The three Local Leadership Teams met as required during the year. Minutes of the working group meetings were received by the full PCC and discussed where necessary. 

## _Administrative and organizational structures_ 

The Parish office is sufficiently staffed and functioning as expected. Our administrator (Eugenia) also coordinates our work in maintaining parish properties. We are thankful to our Wardens, treasurers, church officers, volunteers and clergy who work tirelessly in various parish working groups. 

Stewardship was re-appointed as Independent Examiners. 

## Rector’s Report 2025 

2025 was marked with sadness following the death of our beloved Associate Vicar, Rev Kostakis Christodoulou. He was a faithful servant of God who was committed to the mission and ministry of Edgware Parish. We continue to miss his presence, friendship and ministry. 

Worship and fellowship: Regular services and patterns of worship have continued in the year with special efforts on the great feast days, of Easter, Pentecost, Harvest and Christmas. We had a mini mission week/weekend around Harvest. Bishop Anderson presided over a parish Confirmation service at St Peter’s Church led by a joint worship group from our churches. 

Efforts have been made to encourage the participation of children and young people in some of our churches, and this is bearing fruit. Sunday congregations are slowly growing both in spirit and in attendances. Our Churches have been a welcoming space for people from a variety of backgrounds, nationalities and ages. 

Our dedicated Outreach team successfully led the ‘Christianity Explored’ nurture course earlier in the year. This was successful and has encouraged some participants on their faith journeys. 

Discipleship: Life groups continue both online and in person. During the year we covered themes that helped us to achieve our mission goals from both the Old and New Testament. We preached and taught from the lent book ‘Lentwise’ and attended a Lent Day of Prayer at Edgware Abbey. We have continued to nurture new ministers, and it has been refreshing to hear from new preachers and see them grow in their ministries in some of our churches. 

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## St Margaret’s, St Andrew’s, St Peter’s 

## The Parochial Church Council of the Ecclesiastical Parish of Edgware 

Registered Charity 1131803 

Capacity building: We are making progress in helping our workers, ministers and leaders to grow. The clergy are providing the required supervision, support and mentoring for new members of their teams.  The Diocese of London team led a Children’s team training evening in November and leaders from the District Councils (Leadership Teams) joined a CPAS online training for church leaders in June. 

Children and families: Growing a younger church remains a key goal for mission. There are good and encouraging signs of progress in some of our churches, but we are still dealing with shortages of volunteers. Despite some efforts last year, we were unable to recruit a Children’s Worker. Our main children’s work in Stonegrove Estate had to be cut short their annual programme in spite of all the financial support from the parish. Funding from government and other organisations have reduced drastically. New efforts are being made to raise funds for 2026. 

There were two meetings for children’s workers to share ideas and support our ministry to children and young people. 

Community Outreach and Evangelism: Our church building have been central to our outreach and work with the community. Each of our buildings host multiple community groups like, Age Concern, Toddler Group, Youth Work, Coffee Morning, Tuition classes and Community Choir and Community lunch. We continue to find creative ways of linking the community work with Christian discipleship. 

Safer Church: We have prioritised making our church services, activities and spaces safer for parishioners. Our clergy lead, Rev Simon Curtis has encouraged and challenged the parish in all aspects of our work. DBS checks are being completed, risk assessments for all activities are being conducted and Local Leadership Teams and District Safeguarding officers have been reminded of their roles. The Parish observed Safeguarding Sunday in October, during which we reminded ourselves of our godly responsibility to keep each other safe and support victims of all kinds of abuse. 

After protracted negotiations, I am pleased to let you know that we have agreed a new 15 year-lease for the Parish Hall and the ground floor of the property at 50 Fairfield Crescent is now available to enhance parish finances and support parish mission. 

Edgware Parish continues to lead the work of the Edgware and District Churches (EDC). We coordinated Palm Sunday ‘Walk of Witness’, Thy Kingdom Come Prayer initiative, Community Christmas Carols and the weekly ministers’ prayer meetings on Wednesday mornings. 

Reports on mission and strategy from the District Churches. 

## St Margaret’s Church 2025 

In 2025, St Margaret’s continued to be a place of welcome, worship, and hope, focused on Jesus. Throughout the year, the church strengthened its mission to be _a sanctuary reaching out with God’s love and hope; equipping and empowering people to proclaim the good news of Jesus_ . 

St Margaret’s continued to be blessed with a committed leadership team: Annesia, Clive, Daisy, Hazel, Jenny, Maureen, Roger, Samantha, Samuel, Sylvia, and welcomed Raquel to the team. With Samantha and Maureen taking on the church warden roles, along with the wardens we were represented on the PCC by Daisy, Samuel, and Sylvia. Alongside the leadership team further volunteers offered their time and gifts week by week. We are deeply grateful for every person who serves and helps our church flourish. 

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## St Margaret’s, St Andrew’s, St Peter’s 

## The Parochial Church Council of the Ecclesiastical Parish of Edgware 

Registered Charity 1131803 

Safeguarding continued to be a central priority. Each leadership has a standing agenda item for safeguarding. Training and DBS checks continued to be completed as required, to maintain a safe and caring environment for all who come through our doors. 

Our pattern of worship continued with: 

- Sunday Morning Praise , with monthly Communion. Livestreaming on YouTube ensured that those unable to attend in person could still join in worship. We invested in new worship resources to enhance out sung worship, replacing old lyric videos with new ones with all agreeing it made worship easier to engage with. In sermons we covered topics including; The Lentwise Course, Romans, Ruth, and Zechariah 

- Wednesdays offer a vibrant midweek community outreach and essentially a second congregation in the church. With regular people, and occasional visitors, through a coffee morning, Communion service, and lunch.  A rota or committed lay people lead the reflection each week. 

- PowerPraisers weekly gathering, giving children more opportunities to worship, learn, and build friendships. 

- Life Group met online each week for fellowship and discussion. 

- • Daily prayer on Zoom offered a steady rhythm of devotion. 

Attendance has been steady on Sundays and Wednesdays but with a slow increase in new, regularly attending, people (two of whom went on to be baptised by full immersion in February 2026). The church electoral role was reset in 2025 and afterwards had 49 people listed at the APCM in May. The weekly church newsletter is sent out to a hundred people each week with more copies taken in church. It continues to be supplied with content by a number of people through regular contributions for both the weekly reflection and prayer diary. 

The church grounds offer a peaceful green space on the high street, and both the Church and Truth Hall remained well-used by community groups. This not only served local people but also provided essential income to support ministry and outreach. 

St Margaret’s marked key moments in the Christian year with joy and creativity. Easter Services, an Easter Egg Hunt in the church grounds, the Summer Fun Day, Harvest with a lunch after the service, Remembrance Day down at the War memorial with a packed church afterwards for refreshments, and Christmas all brought the church family and wider community together. 

The Christmas season was especially rich, with: a Christingle service; a PowerPraisers Christmas party; a Parish-wide Christmas dinner;  the Community Town Carols event, drawing people from across Edgware, which this year was tweaked a little to make it more community outreach focused; a midnight service on Christmas Eve; and a Christmas day service. 

As we enter 2026, St Margaret’s remains committed to being a family that follows Jesus wholeheartedly. We seek to live lives shaped by the Spirit and based in scripture, to offer a sanctuary of faith, love, and hope, so that others may come into relationship with Jesus. 

## St Andrew’s Church 2025 

Mission statement: We are called to love and serve our community. We achieve our goals through the following areas of mission and ministry: 

Worship and Discipleship: The people of St Andrew’s Church continue to bear the scars of Rev Kostakis’ death, yet we do so in hope knowing that his ministry has borne fruit among us. 

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## St Margaret’s, St Andrew’s, St Peter’s 

## The Parochial Church Council of the Ecclesiastical Parish of Edgware 

Registered Charity 1131803 

Sunday Worship continues to be our main gathering for worship and learning. The worship group employed creative ways to refresh our services. People have found the services empowering and refreshing. New members have found St Andrew’s welcoming and feel they are part of the church community. People genuinely care about each other. There is a sense of belonging and worship services have been fulfilling. Church attendances continue to grow albeit at a slower pace than last year. The joint Nativity service with the Preschool was the first of its kind for many years. It was celebrated by the largest congregation of the year. Many non-Christians had their first taste of Christian worship.  We continue to meet online on Tuesday for Morning Prayer and Fridays for Life Group. There is an in-person Life group on Wednesdays. Our monthly prayer meeting has continued during the year. 

Children and young families: The Toddler Group has been operating on the estate for generations and continues to be a reliable resource for community across Edgware. The team works tirelessly to provide a safe place for children, and a friendly environment for parents and child carers. As the only Toddler group in Broadfields Estate, the group has proved to be very important for families and users. It is pleasing to see guardians, carers and parents come from a wider area in the Borough of Barnet. 

We continue to work with the Preschool focusing on the great feast days of the Christian calendar. We led activities on Mothering Sunday, Easter and Christmas. The Preschool joined us for the Nativity service, the first for many years. The services saw children from both groups involved in sketches of the Christmas story. We are thankful for the support for the children’s and families’ event. 

Regular Sunday school activities were resumed during the year on the second and fourth Sundays. The Leadership Team agreed a slot of at least fifteen minutes for all-age activities on the second Sunday of the month and another slot of five minutes on the fourth Sunday. More volunteers have joined the team and the number of children participating have increased steadily. The Church services have become more vibrant and exciting with involvement of young families. The whole congregation has been encouraged. 

However, due to an unsafe flooring and lack of volunteers, we suspended the children and families’ event and Youth Space (8-15 years) from October 2025. 

Community outreach: The over fifties group (Together on Tuesday has continued to serve our community with a variety of activities. More creative ideas have been introduced to strengthen social life and explore the questions of life. Pub lunches have been popular for participants. The group still serves as a doorway to Christianity by using music led by the Worship Group and other Christian-based activities. The introduction of meetings and our annual Carol service at Kingsley Court did not happen due to an incident in their main hall. Our Community Coffee Morning on the first Friday of the month has been popular and well-attended. It attracts residents from the wider Edgware area providing a welcoming space for new people and facilitates good community relationships. 

Fabric: The fabric and ornaments of the Church are in good condition and kept secure in the safe. 

We continue to monitor the problems of the flooring. An independent organisation has recommended a complete re-flooring of the main church area as no installation company wants to be associated with the old flooring. The Leadership Team is committed to replacing the flooring in 2026. 

The Preschool has received planning permission to develop the storeroom at the front of the building into children’s toilets and soft play area. We are yet to find a solution to issues with the Stephenson Hall. 

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## St Margaret’s, St Andrew’s, St Peter’s 

## The Parochial Church Council of the Ecclesiastical Parish of Edgware 

Registered Charity 1131803 

Many thanks to all work and minister at St Andrew’s, and to those who help to maintain our buildings and keep the church clean and ready for worship and other activities. 

Our priorities for 2026 includes : 

- Continue to identify and develop the gifts of the people 

- Grow a younger congregation 

- Explore and implement strategy for ministry to young adults 

- Maintain work on creating a Safer Church 

- Repair the flooring of the main church hall & improve the security of the 

## St Peter’s Church 2025 

The overarching aim of the diocese of London’s vision for 2030 is “for every Londoner to encounter the love of God in Christ”. This report will show how St Peter’s has been working towards that aim in 2025. Perhaps this was best expressed in October when 3 new members were baptised and later in the same month, we hosted the Edgware Parish confirmation service with Bishop Anderson at which 12 people were baptised or received into the Church of England, including 7 from St Peter’s. This was the first time since 2014 that we had hosted a confirmation. 

We grew as confident disciples because we were blessed by a dedicated and diverse team who faithfully preached and led Sunday services, weekday prayer meetings (telephone-based) and Bible studies (Revive – online) and monthly women’s meetings (Women Arise – in person). This shows our hybrid approach to enabling worship for all. 

We thank God for the preaching ministry of our Licensed Lay Ministers Dave Franklin, Sirous Esfandyari, our reader emerita Julie Okpala who celebrated her 80 birthday and our locally trained ministers Henry Acquah and Caroline Baffo, joined this year by Joanita who also oversees our Instagram and Facebook sites. Melissa MacKnuff continues to lead the children’s ministry team while Henry and Joanita focus on young people, empowering them by teaching and integrating them into teaching the congregation at our Sunday services. This highlights how a real diversity of voices builds up our faith. 

We are blessed to worship as community where on a regular basis almost 30% of the congregation is under 16 (Usual Sunday Attendance 38 adults (up from 31), 13 under-16 (up from 12). In 2025 we launched a new Gospel Singing Group led by Modupeolu Adeleke which complements the ministry of our choir on different Sundays. However, we are still searching for musicians. 

Beyond Sundays, our Messy Church Team continues to bring gospel messages through the Light Party and special family and creative craft-focussed events at, Easter, Harvest and Advent. We also piloted an Easter Saturday Christian film matinee. Although numbers remain lower than in previous years, we are noticing greater spiritual openness following more input from the team with everpopular, energetic flash mob dancing led by team members. Margit Rea continued to lead our regular LifeGroup and women’s monthly meeting. 

At the end of the year, we also welcomed a life-size Angel of Stonegrove sculpture from Esperanza Walsh, a local artist who had worked with us on an externally funded, multi-cultural, creative project during COVID. The sculpture is now in our chapel. 

Indeed, we give thanks to God for all who are members of our volunteer and ministry teams: at Christmas we presented 23 of them with sweet thanks for their help with everything from the AV to 

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## St Margaret’s, St Andrew’s, St Peter’s 

## The Parochial Church Council of the Ecclesiastical Parish of Edgware 

Registered Charity 1131803 

refreshments and much more in between. This shows how we support each other in our discipleship through the church. 

All this has contributed to creative growth in the worshipping community at St Peter’s which now stands at 101. This is more than the 2019 total of 93, although Sunday services remain just over 10% below pre-COVID (2019 57). In 2025 9 adults joined but 5 moved away. We give thanks that an increasing number of children and adults with learning and physical disabilities (some quite profound) worshiped with us during the year. Our Christian youth outreach, still called the Youth Brunch, even though it met at different times, provided support for young people with the guidance of Samantha Scott who helped them understand how to live out their discipleship in an oftenunfriendly world. 

We continued to act as a Compassionate Community with and for the people of Stonegrove through food support with the help of the Stonegrove Community Trust. Numbers change each week but remain generally slightly less than 2023. However, it is clear from conversations that there is still so much need even in a prosperous area like Edgware. Sadly, our regular term time Wednesday Play and Stay sessions ceased due to illness during the second part of the year. Despite this, valuable community-centred pastoral work continues from contacts through the group. We will relaunch in 2026. 

Sowing Stitches, our sewing and business passed partnership with LivingWay Ministries on Graham Park was relaunched twice due to different issues.  Our involvement with the Stonegrove and Spur Road Community Group. Our support for young people in the local community is detailed in the Stonegrove Estates’ Youth Project report which follows. 

In all of this, we have experienced again and again the truth of 1 Thessalonians 5:24: The one who calls you is faithful, and he will do it. 

## Stonegrove Estates Youth Project – SEYP 2025 

Delivery 

For 2025 SEYP experienced a short year of face-to-face delivery due to lack of funding. 

- Jan 2025 – Feb 2025 Face to Face delivery continued to be funded by Go London, as the initial project dates were March 2024 – December 2024.  However, due to savings made the project continued until February 2025. This delivery consisted of physical activities and mentoring support through delivery of our Fun 2B Fit Project. 

- April and May Holiday activities funded by John Lyons Charity and Space2Grow, consisted of a variety of socialising activities resulting in 

   - 32 beneficiaries attended in April break – 6 new to project 

   - 28 beneficiaries attended in May break – 7 new to project 

   - 27 beneficiaries attended cinema trip in May Break with 1 parent 

- March 2025 – July 2025 Edgware PCC funded Afterschool activities with the support of savings made from holiday activities and SCT reduced the rental of premises by 50%.  The focus during this time was to maintain a delivery presence in the community while continuing to source funding for longer term delivery. 

- Aug 2025 – Dec 2025 no SEYP Delivery. 

Overall participants benefited from SEYP delivery in a variety of ways: 

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## St Margaret’s, St Andrew’s, St Peter’s 

## The Parochial Church Council of the Ecclesiastical Parish of Edgware 

Registered Charity 1131803 

- Learning on a variety of topics e.g. Equality and Mental health. 

- A male participant 11yrs received mentoring support to address his challenging behaviour and now wishes to volunteer within SEYP when they are old enough. 

- Providing support to a parent in getting her child an additional needs assessment 

- A participant chose SEYP to fulfil their schools volunteering requirements. 

A total of 111 participants attended sessions at least once of whom 45 were new to the project 

## Funding 

Participants and parents have shared their disappointment that SEYP had to postpone their term time and holiday delivery until funding could be sourced. 

Previously submitted applications have been unsuccessful, noting that Edgware does not meet a large proportion of funders priorities as it is no longer considered an area experiencing high levels of deprivation due to the regeneration of Stonegrove. However, residents, parents and stakeholders are aware the youth provision is still needed. 

## Staffing 

At the end of July 2025 staff on role consisted of the Youth Director, a Youth Worker Assistant, 3 Young Leaders, 5 Young Volunteers and a volunteer who is the parent of participant and SCT employee. 

Our two new volunteers have made a valuable contribution to the team, one of whom is a mother from the local community and is responsible for preparing our meals to the participants and the other an older sibling of one of our participants, whose previous experience of working with children is an asset to the team.  Staff have remained committed in delivering a first-class service throughout these challenging times, even making suggestions on how to fund raise to keep SEYP running.  Our Youth Worker Assistant has done well in planning and delivering sessions and will continue to make a valuable contribution to the team with the support of further training.  Our Young Leaders and Young Volunteers provided valuable peer mentoring support to participants and themselves developing valuable employability skills.  An example of the support provided involved a male aged 13yrs who at times struggled to regulate his behaviour and was persistently annoying another female participant.  Both participants received peer mentoring support on how to manage adolescence relationships and towards the end of the project were observed engaging in sporting activities together, which never happened before. 

In addition, the Youth Director and Youth Worker Assistant were funded by London Youth to complete a Mentoring Support Training Program from April 2025 – July 2025.  Upon submission of the final report London Youth donated an additional £916 to SEYP funds because of SEYP’s demonstrated good practice and professionalism. 

## Partnerships 

As a result of the synergy between St Peters Church and SEYP children, young people and their families benefitted in the following ways: 

- Healthy snacks and food support received from STP Pantry. 

- St Peter’s Young People (who join SEYP as either paid staff or volunteers) can practice their faith within the community and develop employability skills. 

- Young people from St Peters Church meet for Bible study and fellowship. 

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## St Margaret’s, St Andrew’s, St Peter’s 

## The Parochial Church Council of the Ecclesiastical Parish of Edgware 

Registered Charity 1131803 

## St Peter’s Youth Brunch Report April 2025 

St Peters church synergy with SEYP have benefitted the children, young people and their families in many ways: 

- Healthy snacks and food support received from STP Pantry. 

- St Peter’s Young People (who join SEYP as either paid staff or volunteers) can practice their faith within the community and develop employability skills. 

- Young people from St Peters Church meet for Bible study and fellowship at the Youth Brunch. 

The Youth Brunch provides opportunities for the young people of the church to meet to discuss issues relevant to their lives. Young people report working at SEYP gives them the opportunity to show faith in action in community. The monthly youth-led ‘Brunch’ became less regular initially due to the educational commitments of the young people attending, then due to the ceasing of SEYP activities. 

- _April 2025_ Young people met and fellowshipped with each other and handed out Easter Eggs to children in the community. 

- _Oct 2025_ Young leaders met together and discussed their views on Halloween, then some joined St Peter’s Church to support the delivery of the Light Party. 

- _December 2025_ Young leaders met and had a Christmas meal together and then handed out gifts to children from the local community. 

## Parish Properties 2025 

Edgware Parish has been blessed by God’s provision of properties to further the mission of the parish. These include freehold houses (50 Fairfield Crescent – now converted into 2 flats -  and 9 Lacey Drive) and the Parish Hall site including the Scout Hut area. Other properties including the St Andrew’s/Stephenson Hall and St Margaret’s/Truth Hall and 2 Beulah Close and 2 Savoy Close belong to the London Diocesan Fund. St Peter’s/OneStonegrove is held on a long (999) year head lease by the Diocese. However, local oversight of all the buildings remains with Edgware PCC through the Standing Committee. This report will focus on parish properties only because matters relating directly to the mission of the district churches are dealt with in their general reports. 

The parish properties serve our mission by providing places for clergy to live and income through hire agreements and providing accommodation for our clergy. Both flats at 50 Fairfield Crescent are now rented out to provide sustainable income to further the mission of the parish. This was the intention behind the grant from the surplus of the sale of the former rectory site which paid for the conversion into 2 flats. 

9 Lacey Drive is the home of St Peter’s minister. Repairs to the roof leak at the property, outstanding since 2016 were finally signed off in December 2025 and paid for in January 2026. Most of the costs were covered by the National House Building Corporation’s 10-year warranty scheme. We have been disappointed by the lack of flexibility shown by the Diocesan Properties team which delayed completion. As the property reaches its 10[th] anniversary in 2026, other issues are presenting themselves which makes it important for us to start a sinking fund to cover future repairs. 

There have been no changes with the issues regarding the Scout Hut and land in relation to the original agreements between the parish and the Scouts in 1985. The parish continues to monitor the situation. 

Following protracted negotiations for the Parish Hall , we were able to secure a new nursery tenant. The new lease is at market rate (£90,000) for exclusive use of the building 15 years with a mutual break clause at year 10 (2035, when the whole site including Scout Hut and land reverts to the Parish) The tenant has exclusive use of the building and is responsible for fully repairing and insuring it. However, 

Page 13 



## St Margaret’s, St Andrew’s, St Peter’s 

## The Parochial Church Council of the Ecclesiastical Parish of Edgware 

## Registered Charity 1131803 

delays caused by the Diocesan Properties department meant that we had to extend a rent-free period to 5 months so we will only start receiving income in mid-2026. We are disappointed that the Diocesan Properties department is insisting that 15% of the income should be paid directly to the diocese rather than through Common Fund because historically a small section of the garden area initially belonged to the rectory. 

Until 2021 Edgware Parish had access to 10 parking spaces on the site of the rectory . These were shared with Fountain Montessori (4 spaces). The diocese served a Section 21 notice on the developers of the site which means that the 10 spaces must be re-provided. However, the developer of the Old Rectory site has gone into administration, so with the help of the diocese we are in contact with the liquidator to see how the Parish carpark can be finished and the 999-year lease for the 10 spaces handed over and completed. 

## Quinquennial Inspection 

The last quinquennial inspection was held in 2022 and all remedial work identified as part of the inspection has been completed. 

## Trustee Working Group Report 

Edgware Parish employs two staff members to carry out its operations. 

## _Edgware Parish Communications Administrator_ 

Our part-time administrator Eugenia Russell continues to support the mission of the parish through effective communication (online and offline) and administration. She works 4 days per week,3 days in the Parish office and 1 day at St Andrew’s. 

## _Cleaner_ 

We employ a permanent cleaner (George Dede) at St Andrew’s and St Margaret’s Churches. The contract of the parish hall cleaner ended on 31[st] August 2025 following the end of the lease for Fountain Montessori. 

We have been unsuccessful in recruiting a Children and families’ worker and will try again in June 2026. 

## Financial Review 

This has been a challenging year. We set our budget for 2025 in the summer of 2024. Since then, there have been 2 changes which challenged our income and spending. 

By the end of 2024 Stonegrove youth group had applied for a financial grant which they would not get a decision about until early 2025 and had used up all their reserve funds. We had subsidised them for the last few months of 2024. In early 2025 that grant was refused and there was only a small grant for easter holiday activities. The PCC agreed to give £2500 per month until June (£15,000) to allow work to continue while more grant applications were made. 

Furthermore, the Parish Hall lease was up for renewal in September 2025 and it was decided to go for a Repair and maintenance lease which would secure income and reduce expenses on the parish hall. To obtain a reliable tenant it was agreed that they would have 3 months rent free while they did any renovations needed. The signing of the lease was delayed at Diocesan level, so we had 5 months without any income from the parish hall. 

During the year the PCC’s income increased by £16,220 to £396,210 and expenditure decreased by £13,419 to £326,986. After a modest loss on the revaluation of its investments, the PCC has reported 

Page 14 



## St Margaret’s, St Andrew’s, St Peter’s 

## The Parochial Church Council of the Ecclesiastical Parish of Edgware 

## Registered Charity 1131803 

a surplus of £68,674 (2024: a surplus of £39,893). We thank God for his generous provision for our Parish. 

## _Donations by members of PCC and close family_ 

The aggregated donations by PCC members and connected parties were £17,500. None of our trustees were employees in 2025. 

Looking forward, 2026 will remain financially challenging. Due to the delay in signing the parish hall lease we will not receive rent from Marigold nursery until June 2026. 

We are hoping to recruit a Children’s worker which would cost around £30,000 per year. 

St Andrew’s need replacement of their hall floor c £16,000 and a security alarm system around £7000. 

St Margaret’s requires some replacement rafter timbers. We have already paid £1,800 for professional fees but await the estimated cost of the actual work. The flat roof of the church also requires attention within the next few years 

## _Reserves Policy_ 

The PCC aims to hold free reserves of no less than £80,000, which equates to about 3 month’s projected expenditure so that the PCC could continue to operate should income and / or expenditure vary unexpectedly.  The PCC considers free reserves to comprise the cash held in unrestricted general funds plus the cash held in the designated funds created for legacies received by the charity.  At the year-end the PCC held free reserves of £167,263 and the PCC is complying with its reserves policy. The PCC notes that it has benefitted from significant legacy income in 2021 and 2020, which have bolstered the PCC’s free reserves. 

## Safeguarding Report for 2025 

Edgware PCC is committed to safeguarding children, young people, and vulnerable adults in our worshipping community. The safety of all vulnerable people is taken very seriously. PCC members confirm that they have complied with their safeguarding duties under Section 5 of the Safeguarding and Clergy Discipline Measure 2016. 

We could not find an individual willing to take on the position of Parish Safeguarding Officer in 2025, Rev Simon Curtis (Email: rev.simoncurtis@hotmail.com), therefore took this on as a temporary role to ensure safeguarding did not lapse. He has been supported in 2025 by Deputy Safeguarding Officers; St Margaret’s - Maureen Barnard, St Andrew’s - Barry Wynford-Dawes, St Peter’s - Henry Acquah. Other Clergy, PCC, and Leadership Teams continue to also oversee the integration of safeguarding in all church activities across all three churches. 

Edgware Parish follows the Church of England’s safeguarding guidelines, ensuring all clergy, staff, and volunteers undergo appropriate safer recruitment, training and DBS checks. Policies are reviewed regularly to uphold best practices, and safeguarding discussions remain an agenda in PCC meetings. 

The Edgware Parish Safeguarding Policy is accessible on the parish website, providing transparency and clear guidance. The Diocese Safeguarding Team continues to support the parish with best practices and oversight. 

Page 15 



## St Margaret’s, St Andrew’s, St Peter’s 

## The Parochial Church Council of the Ecclesiastical Parish of Edgware 

Registered Charity 1131803 

Regular risk assessment reviews are conducted across St Margaret’s, St Andrew’s, and St Peter’s to maintain a safe environment for all. Measures are in place to improve accessibility and safeguarding for vulnerable individuals, with reporting channels available to ensure concerns are raised and addressed promptly. 

All safeguarding concerns reported in 2025 were raised with the Diocese Safeguarding Team, and all advised actions were carried out. There is one case outstanding at the end of 2025 with the DST but their advice has been followed to date. 

At the end of 2024, a comprehensive safeguarding audit was conducted to assess compliance with best practices and identify areas for improvement. Following the findings of this audit, all safeguarding training sessions and DBS checks for clergy, staff, and volunteers across all three churches continued to be updated in 2025 as required to ensure continued adherence to safeguarding standards. 

Additionally, Edgware Parish actively promotes safeguarding awareness within the congregation through newsletters, noticeboards, and services. Periodic discussions provide opportunities for community members to raise concerns, ask questions, and receive guidance, ensuring that safeguarding remains a shared responsibility. Safeguarding Sunday was observed in all three churches, reinforcing the importance of safeguarding and encouraging engagement across the parish. 

An action plan was created for 2025 to ensure continued safeguarding improvements across Edgware Parish. The actions from which were carried out over the year. This included, but not limited to, updating safeguarding training where required, renewing DBS certificates as needed, and reviewing role descriptions for all safeguarding-related positions, ensuring the safeguarding dashboard remains current. The parish will adopt an updated safeguarding policy at the PCC meeting after the APCM and promote this in all the relevant places. A second person was trained to process DBS applications. 

Edgware Parish remains dedicated to creating a safe, welcoming space for everyone, and this report reaffirms our commitment to transparency and accountability in safeguarding practices throughout the year 2025 and into 2026. 

Statement of Responsibilities of the Members of the Parochial Church Council 

The PCC is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

Charity law requires the PCC to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources for the financial year.  In preparing these financial statements, the PCC are required to: 

1. select suitable accounting policies and apply them consistently 

2. observe the methods and principles in the Charities SORP 

3. make judgements and estimates that are reasonable and prudent 

4. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. 

Page 16 



## St Margaret’s, St Andrew’s, St Peter’s 

## The Parochial Church Council of the Ecclesiastical Parish of Edgware 

## Registered Charity 1131803 

5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation. 

The PCC is 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. 

## Approval 

This Report was approved by the PCC and signed on their behalf by: 

The Revd. Preb. Francis Adu-Boachie (Team Rector & Chairman) 

Francis Adu-Boachie Francis Adu-Boachie (May 22, 2026 10:46:27 GMT+1) ……………………………………… 

Henry Acquah (Parish Warden) ……………………………………… 

Dave Franklin (Parish Warden) ……………………………………… Date: May 22, 2026 

Page 17 



## **INDEPENDENT EXAMINER'S REPORT** 

## **TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF** 

## **THE PARISH OF EDGWARE** 

I report to the members of the PCC (who are also the charity's trustees) on my examination of the accounts of the Charity for the year ended 31 December 2025 on pages 19 to 30 following, which have been prepared on the basis of the accounting policies set out on pages 21 to 23. 

## **Responsibilities and basis of report** 

As members of the PCC you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). 

I report in respect of my examination of the Charity'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 Commission under section 145(5)(b) of the Act. 

## **Independent examiner’s statement** 

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies 

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: 

1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination. 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

Sarah Crispin Sarah Crispin (Jun 8, 2026 12:27:38 GMT+1) 

Sarah Crispin ACA Institute of Chartered Accountants in England and Wales Stewardship 1 Lamb's Passage London EC1Y 8AB 

> Date: Jun 8, 2026 

Page 18 



## **ST. MARGARET'S, ST. ANDREWS, ST PETER'S THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EDGWARE** 

## **STATEMENT OF FINANCIAL ACTIVITIES** 

## **FOR THE YEAR ENDED 31 DECEMBER 2025** 

|Note<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>3<br>Charitable activities<br>4<br>Other trading activities<br>5<br>Investments<br>Other income: insurance claim<br>**Total Income and Endowments**<br>**EXPENDITURE ON**<br>Charitable activities<br>6<br>**Total Expenditure**<br>**Net gains/(losses) on investments**<br>**Net income/(expenditure)**<br>Transfers between funds<br>14<br>**Net movement in funds**<br>_Other recognised gains/(losses):_<br>**Reconciliation of funds:**<br>Total funds brought forward<br>14<br>**Total funds carried forward**<br>14<br>Gains/(losses) on revaluation of fixed assets|Unrestricted<br>Funds<br>£<br>182,219<br>57,434<br>90,933<br>33,004<br>12,430<br>376,020<br>291,666<br>291,666<br>-<br>84,354<br>(12,953)<br>71,401<br>2,256,630<br>599,469<br>2,927,500|Restricted<br>Funds<br>£<br>19,872<br>-<br>-<br>318<br>-<br>20,190<br>35,320<br>35,320<br>(182)<br>(15,312)<br>12,953<br>(2,359)<br>-<br>56,149<br>53,790|Endowment<br>Funds<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>(368)<br>(368)<br>-<br>(368)<br>-<br>9,206<br>8,838|Total<br>Funds<br>2025<br>£<br>202,091<br>57,434<br>90,933<br>33,322<br>12,430<br>396,210<br>326,986<br>326,986<br>(550)<br>68,674<br>-<br>68,674<br>2,256,630<br>664,824<br>2,990,128|Total<br>Funds<br>2024<br>£<br>155,120<br>64,290<br>132,996<br>5,301<br>22,283|
|---|---|---|---|---|---|
||||||379,990|
||||||340,405|
||||||340,405|
||||||308|
||||||39,893<br>-|
||||||39,893<br>-<br>624,931|
||||||664,824|



The statement of financial activities includes all gains and losses recognised in the year. 

All income and expenditure derive from continuing operations. 

The notes on pages 21 to 30 form part of these accounts. 

Page 19 



## **ST. MARGARET'S, ST. ANDREWS, ST PETER'S THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EDGWARE** 

## **BALANCE SHEET** 

## **AS AT 31 DECEMBER 2025** 

|Note<br>**FIXED ASSETS**<br>Tangible assets<br>9<br>Investments<br>10<br>**CURRENT ASSETS**<br>Debtors<br>11<br>Cash at bank<br>12<br>**CREDITORS: Amounts falling**<br>**due within one year**<br>13<br>**Net Current Assets**<br>**NET ASSETS**<br>**FUND BALANCES**<br>14<br>Unrestricted funds<br>Designated funds<br>General funds<br>Revaluation reserve<br>Restricted funds<br>Endowment funds|Unrestricted<br>Funds<br>£<br>-<br>2,639,624<br>2,639,624<br>99,920<br>194,269<br>294,189<br>(6,313)<br>287,876<br>2,927,500<br>131,912<br>538,958<br>2,256,630<br>2,927,500<br>-<br>-<br>2,927,500|Restricted<br>Funds<br>£<br>-<br>4,363<br>4,363<br>4,000<br>45,427<br> <br>49,427<br>-<br>49,427<br>53,790<br>-<br>-<br>-<br>-<br>53,790<br>-<br>53,790|Endowment<br>Funds<br>£<br>-<br>8,838<br>8,838<br>-<br>-<br>-<br>-<br>-<br>8,838<br>-<br>-<br>-<br>-<br>-<br>8,838<br>8,838|2025<br>£<br>-<br>2,652,825<br>2,652,825<br>103,920<br>239,696<br>343,616<br>(6,313)<br>337,303<br>2,990,128<br>131,912<br>538,958<br> <br>2,256,630<br>2,927,500<br>53,790<br>8,838<br>2,990,128|2024<br>£<br>382,994<br>13,751|
|---|---|---|---|---|---|
||||||396,745|
||||||36,441<br> <br>239,164<br>|
||||||275,605<br>(7,526)|
||||||268,079|
||||||664,824|
||||||135,003<br>464,466<br>-|
||||||599,469<br>56,149<br>9,206|
||||||664,824|



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

Francis Adu-Boachie Francis Adu-Boachie (May 22, 2026 10:46:27 GMT+1) May 22, 2026 ----------------------------------------------------------------------------Revd Francis Adu-Boachie (Chair) Date Charity Number:   1131803 

The notes on pages 21 to 30 form part of these accounts. 

Page 20 



## **ST. MARGARET'S, ST. ANDREWS, ST PETER'S THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EDGWARE** 

## **NOTES TO THE ACOUNTS** 

## **FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **1 Statutory Information** 

The Parochial Church Council of Edgware Parish is a charity registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page. 

## **2 Accounting policies** 

These financial statements are prepared on a going concern basis, under the historical cost convention as modified by the revaluation of fixed asset investments (which are measured at fair value through the Statement of Financial Activities). The financial statements include all activities for which the PCC is legally responsible; the activities of informal gatherings of church members and groups that owe their main affiliation to another body and are excluded. 

These financial statements have been prepared in accordance with The Church Accounting Regulations 2006, the 'Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)' ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011.  The charity meets the definition of a public benefit entity as set out in FRS 102. 

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'. 

The principles adopted in the preparation of the financial statements are set out below. 

a) Going concern The PCC have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The PCC has made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the PCC have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The PCC have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. 

b) Income Income (which includes planned giving, collections and other donations) is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part income is generally recognised when it is received by, or on behalf of, the PCC. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period. 

Income from donations and legacies includes: 

i) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor. ii) Legacies. Income from legacies is recognised when a distribution is received from the estate or, if earlier, when the charity has been notified that a distribution will be made and the amount receivable can be measured reliably. 

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured. 

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church retreats, other events and the hire of church buildings to groups and organisations in furtherance of the PCC's charitable objectives. 

Income from other trading activities represents income receivable from activities undertaken to generate funds for the charity; it comprises income from the letting of church property. 

c) Expenditure Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably. 

Contributions in respect of the diocesan parish share are included in the Statement of Financial Activities for all amounts agreed to being payable for the financial year.  Any contributions that have not been paid over by the year end are included as a creditor. 

Page 21 



## **ST. MARGARET'S, ST. ANDREWS, ST PETER'S THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EDGWARE** 

## **NOTES TO THE ACOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **2 Accounting policies continued** 

## c) Expenditure continued 

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity. 

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity. 

The cost of raising funds (namely expenses in respect of the income disclosed in note 5 'Income from other trading activities') is not significant and has not been separately disclosed. 

- d) Fund accounting General funds are unrestricted funds which are available for use at the discretion of the PCC in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the PCC for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. Endowment funds are donations that are retained as capital in accordance with the donor's wishes. The nature of the restriction determines whether the endowments represent permanent endowments or expendable endowments. 

- e) Tangible fixed assets Consecrated and beneficed property is not included in these financial statements by virtue of s.10(2) of the Charities Act 2011. All expenditure on consecrated or beneficed buildings is written off in the year in which it is incurred. 

Movable church furnishings held by the incumbent and Churchwardens on special trust for the PCC and which require a faculty for disposal are capitalised in accordance with the policy set out below. These items are regarded as inalienable property and are listed in the church's inventory which can be inspected at any reasonable time. Inalienable property acquired prior to 2000 has not been capitalised as there is insufficient cost information available. 

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £2,500 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged: 

Freehold property Over 50 to 100 years Equipment (if any) Over 3 to 7 years 

## f) Fixed asset investments 

Fixed asset investments are held to generate income.  Investments, other than social investments (see below), are valued as follows: i) Investment property and listed investments are valued at their market value (fair value) at the balance sheet date. 

- ii) Investments in CBF Church of England Income Funds are held for their income generating potential.  They are included in these accounts at their quoted market value at the balance sheet date. 

## g) Pension scheme arrangements The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises.  The assets of these schemes are held separately from those of the charity in independently administered funds. 

## h) Taxation 

The charity has taken advantage of various reliefs from taxation available to charities and no tax is payable on the charity's income. 

- i) Financial instruments The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). 

Page 22 



## **ST. MARGARET'S, ST. ANDREWS, ST PETER'S THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EDGWARE** 

## **NOTES TO THE ACOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **2 Accounting policies continued** 

## j) Critical accounting estimates and areas of judgement 

- The members of the PCC do not consider that there any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period. 

## **3 Donations and legacies** 

|General donations<br>Legacies<br>Gift aid recoverable<br>Grants<br>**4**<br>**Income from charitable activities**<br>Lettings for charitable and community use<br>Church activities<br>Fees from occasional services<br>**5**<br>**Income from other trading activities**<br>Lettings to generate income<br>**6**<br>**Charitable expenditure**<br>(a)<br>Direct costs<br>Parish share<br>Other ministry expenses - adults<br>Other ministry expenses - outreach<br>Other ministry expenses - youth and children<br>Other ministry expenses - other<br>Expenses incurred by ministry staff<br>Vicarage major repairs<br>Church running expenses<br>Church maintenance<br>Insurances<br>Upkeep of churchyard & grounds<br>Hall maintenance and running costs<br>Church major repairs<br>Other premises costs<br>Missionary and charitable giving<br>Note 6c<br>(b)<br>Support costs<br>Governance costs<br>Independent examiner's fee for preparing and examining the accounts<br>Administrator employment costs<br>Other administrative expenses<br>Legal and professional fees<br>Letting agent fees<br>**Total expenditure**|2025<br>£<br>87,051<br>81,757<br>16,401<br>16,882<br>202,091<br>2025<br>£<br>56,156<br>655<br>623<br>57,434<br>2025<br>£<br>90,933<br>90,933<br>2025<br>£<br>105,000<br>5,420<br>8,371<br>25,570<br>953<br>15,120<br>12,096<br>22,212<br>14,898<br>8,143<br>5,703<br>38,330<br>2,302<br>2,566<br>14,210<br>280,894<br>4,380<br>18,637<br>8,437<br>10,671<br>3,967|2024<br>£<br>90,914<br>1,000<br>19,766<br>43,440|
|---|---|---|
|||155,120|
|||2024<br>£<br>61,565<br>2,201<br>524|
|||64,290|
|||2024<br>£<br>132,996|
|||132,996|
|||2024<br>£<br>119,600<br>9,178<br>5,618<br>49,237<br>1,867<br>10,368<br>26,303<br>20,659<br>9,178<br>7,518<br>9,595<br>22,236<br>-<br>1,697<br>9,272|
|||302,326|
|||4,080<br>18,534<br>8,075<br>4,742<br>2,648|
||46,092|38,079|
||326,986|340,405|



The fee payable to the independent examiner for preparing and examining the accounts was £4,380 (2024: £4,080); in addition the charity paid £514 (2024: £672) to Stewardship for payroll bureau services. 

Page 23 



## **ST. MARGARET'S, ST. ANDREWS, ST PETER'S THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EDGWARE** 

## **NOTES TO THE ACOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025** 

- **6** (c) Missionary and charitable giving 

|Missionary support<br>Relief of poverty<br>The comparatives for the previous year are as follows:<br>Missionary support<br>Relief of poverty<br>The charity's principal grants to institutions comprised:<br>Church Pastoral Aid Society<br>Church Mission Society<br>Edgware and District churches<br>New Wine Trust<br>Disasters Emergency Committee<br>Church's Ministry Among Jewish People<br>Jesus Shaped People<br>London City Mission<br>Scripture Union<br>Open Doors<br>Other missionary support grants for less than £1,000 each|Institutions<br>£<br>9,668<br>1,036<br>10,704<br>Institutions<br>£<br>5,374<br>-<br>5,374|Individuals<br>£<br>-<br>3,506<br>3,506<br>Individuals<br>£<br>-<br>3,898<br>3,898<br>2025<br>£<br>2,034<br>2,034<br>-<br>600<br>694<br>1,000<br>1,000<br>1,000<br>1,000<br>1,000<br>342<br>10,704|2025<br>£<br>9,668<br>4,542|
|---|---|---|---|
||||14,210|
||||2024<br>£<br>5,374<br>3,898|
||||9,272|
||||2024<br>£<br>2,034<br>2,034<br>506<br>600<br>-<br>-<br>-<br>-<br>-<br>-<br>200|
||||5,374|



**7 Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses** 

|**ysis of staff costs, the cost of key management personnel and trustee remuneration and expenses**|||
|---|---|---|
|Gross wages and salaries<br>Pension costs|2025<br>£<br>20,375<br>541<br>20,916|2024<br>£<br>22,994<br>540|
|||23,534|



The average monthly number of employees during the year was 1 (2024: 2). Most of the charity's activities are generally carried out by volunteers. No staff received salaries at a rate of more than £60,000 per annum. 

The members of the PCC are the charity's only key management. No employment benefits were paid to members of the PCC during the year (2024: £Nil). 

Rev'd Preb. Francis Adu-Boachie, Rev'd Simon Rea and Rev'd Simon Curtis (who are clergy members of the PCC) receive a stipend from the Diocese and so are not employees. Some of the Parish Share paid to the Diocese is used to help meet the cost of these stipends. They were also provided with accommodation (which is customary for clergy) and the cost of that accommodation to the PCC was £13,391 (2024: £8,277). In addition a further£12,096 (2024: £26,303) was spent on repairs to a vicarage owned by the PCC (which has been funded by an insurance claim for £11,808, (2024:£22,283)) and on providing an office at a vicarage that is owned by the Diocese. 

Except for the reimbursement of expenses incurred when acting as agent for the PCC, or incurred when undertaking duties associated with serving as clergy, no expenses (2024: £nil) were paid to (or for) members of the PCC. 

## **8 Acting as agent** 

On occasion the charity receives money on behalf of other charities, which it banks and then pays out to these charities.  This income is received as agent for these other charities and the income, and the related payments, are excluded from the Statement of Financial Activities; any money that has not been distributed by the year end is recognised as a creditor. 

During the year the charity acted as agent for Charles Day Almshouses and, in that capacity: 

a) received £9,500 (2024: £Nil) and paid £9,500 (2024: £Nil) 

Page 24 



## **ST. MARGARET'S, ST. ANDREWS, ST PETER'S THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EDGWARE** 

## **NOTES TO THE ACOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **9 Tangible Fixed Assets** 

|Cost<br>At 1 January 2025<br>Additions<br>Transfer to investment property<br>At 31 December 2025<br>Accumulated Depreciation<br>At 1 January 2025<br>Charge for the year<br>Transfer to investment property<br>At 31 December 2025<br>Net book value<br>At 31 December 2025<br>At 31 December 2024|Church<br>buildings<br>£<br>5,218<br>-<br>-<br>5,218<br>5,218<br>-<br>-<br>5,218<br>-<br>-|Church<br>halls<br>£<br>15,200<br>-<br>(10,000)<br>5,200<br>15,200<br>-<br>(10,000)<br>5,200<br>-<br>-|Church<br>houses<br>£<br>386,494<br>-<br>(383,994)<br>2,500<br>3,500<br>-<br>(1,000)<br>2,500<br>-<br>382,994|Total<br>2025<br>£<br>406,912<br>-<br>(393,994)|
|---|---|---|---|---|
|||||12,918|
|||||23,918<br>-<br>(11,000)|
|||||12,918|
|||||-|
|||||382,994|



In accordance with guidance issued by the Diocese of London, non-beneficed property have been included at their original purchase price, plus the cost of subsequently developing those properties, less accumulated depreciation. The original purchase price was determined by researching archived records; estimates have been used where no reliable information was available. 

One of the church houses, the property at Fairfield Crescent had been converted into two flats during 2023. During 2025 both flats were let out on a commercial basis and therefore the property has been transferred to investment property during the year. In addition the Parish Hall will be let out on a 10 year lease and has been transferred to investment property at the year end. 

Church buildings comprise the St. Andrew's church building at Lynford Gardens HA8 8TZ. 

|on a 10 year lease and has been transferred to investment property at the year end.<br>Church buildings comprise the St. Andrew's church building at Lynford Gardens HA8 8TZ.||
|---|---|
|Stephenson's Hall<br>Truth Hall<br>Church halls comprise:|5,000<br>200|
||5,200|



Church houses comprise the properties at the parsonage at Lacey Drive. 

## **10 Fixed asset investments** 

|**d asset investments**|||||
|---|---|---|---|---|
|Market value brought forward<br>Transfer from tangible fixed assets<br>Revaluation of transferred assets<br>Change in value of investments<br>Market value carried forward|Investment<br>Property<br>-<br>382,994<br>2,256,630<br>-<br>2,639,624|CBF Income<br>Funds<br>13,751<br>-<br>-<br>(550)<br>13,201|2025<br>£<br>13,751<br>382,994<br>2,256,630<br>(550)<br>2,652,825|2024<br>£<br>13,443<br>-<br>-<br>308|
|||||13,751|



Investment Property comprises two flats and the parish hall. As at 31 December 2025, the trustees made an estimate of the fair value of each of the flats, taken to be open market value assuming vacant possession, based on the sale price of equivalent properties in the area. The parish hall has been valued for insurance purposes and the trustees have compared this with other commercial properties in the area and have assessed that this value reflects the current market value of the property. 

## **11 Debtors and Prepayments** 

|**ors and Prepayments**|||
|---|---|---|
|Gift aid recoverable<br>Lettings debtors<br>Legacies receivable<br>Accrued income|2025<br>£<br>3,643<br>6,518<br>81,757<br>12,002<br>103,920|2024<br>£<br>7,310<br>25,131<br>-<br>4,000|
|||36,441|



Page 25 



## **ST. MARGARET'S, ST. ANDREWS, ST PETER'S THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EDGWARE** 

## **NOTES TO THE ACOUNTS** 

## **FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **12 Cash at Bank and in Hand** 

|Cash at bank<br>**itors: liabilities falling due within one year**<br>Other creditors<br>Accruals|2025<br>£<br>239,696<br>2025<br>£<br>974<br>5,339<br>6,313|2024<br>£<br>239,164<br>2024<br>£<br>3,266<br>4,260<br>7,526|
|---|---|---|



## **13 Creditors: liabilities falling due within one year** 

## **14 Funds** 

During the  year the movements in the charity's funds were as follows: 

|_Designated funds_<br>St. Margaret's Fabric<br>St. Margaret's Youth<br>St. Andrew's Fabric<br>General legacies<br>St. Peter's legacies<br>Hardship<br>_Unrestricted funds_<br>General funds<br>Revaluation reserve<br>**Total unrestricted funds**<br>_Restricted funds_<br>St. Margaret's<br>Special Projects (fabric)<br>Church Tower Refurbishment<br>Music<br>St Andrews<br>Special Projects (fabric)<br>Family Worker<br>3Bs<br>St Peters<br>Youth Work<br>Fabric<br>Hospitality<br>Music<br>Angel Project<br>Sewing Stitches<br>Hardship<br>Foodbank<br>PCC<br>Edgware & District Churches<br>Harriet Hurst Education<br>Harriet Hurst Repairs<br>Hardship<br>Stonegrove Estates Youth Project<br>**Total restricted funds**<br>_Endowment funds_<br>Harriet Hurst Church Education fund<br>**Total endowment funds**<br>**Aggregate of funds**|Opening<br>balance<br>2025<br>£<br>13,235<br>5,091<br>651<br>107,406<br>8,318<br>302<br>135,003<br>464,466<br>-<br>**599,469**<br>4,419<br>76<br>-<br>7,270<br>13,743<br>332<br>2,461<br>691<br>852<br>2,074<br>208<br>304<br>1,000<br>211<br>3,245<br>1,546<br>5,317<br>8,073<br>4,327<br>**56,149**<br>9,206<br>**9,206**<br>**664,824**|Incoming<br>resources<br>2025<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>376,020<br>-<br>**376,020**<br>171<br>-<br>7<br>2,227<br>-<br>-<br>-<br>-<br>40<br>-<br>-<br>2,865<br>-<br>802<br>1,190<br>192<br>126<br>1,548<br>11,022<br>**20,190**<br>-<br>**-**<br>**396,210**|Outgoing<br>resources<br>2025<br>£<br>(591)<br>-<br>-<br>-<br>-<br>-<br>(591)<br>(291,075)<br>-<br>**(291,666)**<br>(2,135)<br>-<br>(160)<br>(2,338)<br>-<br>-<br>(310)<br>-<br>-<br>(449)<br>(200)<br>(14)<br>(862)<br>(2,286)<br>(1,115)<br>-<br>(182)<br>(460)<br>(24,991)<br>**(35,502)**<br>(368)<br>**(368)**<br>**(327,536)**|Transfers<br>in the year<br>2025<br>£<br>-<br>-<br>-<br>(2,500)<br>-<br>-<br>(2,500)<br>(10,453)<br>-<br>**(12,953)**<br>-<br>-<br>153<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>(138)<br>2,000<br>(200)<br>-<br>-<br>(1,862)<br>13,000<br>**12,953**<br>-<br>**-**<br>**-**|Gains and<br>losses<br>2025<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>2,256,630<br>**2,256,630**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>**-**<br>-<br>**-**<br>**2,256,630**|Closing<br>balance<br>2025<br>£<br>12,644<br>5,091<br>651<br>104,906<br>8,318<br>302<br>131,912<br>538,958<br>2,256,630<br>**2,927,500**<br>2,455<br>76<br>-<br>7,159<br>13,743<br>332<br>2,151<br>691<br>892<br>1,625<br>8<br>3,155<br>-<br>727<br>3,120<br>1,738<br>5,261<br>7,299<br>3,358<br>**53,790**<br>8,838<br>**8,838**<br>**2,990,128**|
|---|---|---|---|---|---|---|



Page 26 



## **ST. MARGARET'S, ST. ANDREWS, ST PETER'S THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EDGWARE** 

## **NOTES TO THE ACOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **14 Funds continued** 

This year the significant transfers between funds were as follows: 

- a) £10,300 was transferred from general unrestricted funds, £2,500 from the General legacies fund and £200 from the Edgware & District Churches restricted fund to the restricted Stonegrove Estates Youth Project to help cover a shortfall in the funding received for this project. 

- b) £2,000 was transferred from the restricted Hardship funds to the restricted Foodbank fund to help cover the cost of foodbank expenses that fall within the scope of the restrictions on the Hardship fund. 

## **Analysis of net assets by fund** 

The assets and liabilities of the various funds were as follows: 

|General<br>funds<br>£<br>Tangible fixed assets<br>-<br>Fixed asset investments<br>382,994<br>Debtors<br>99,920<br>Cash at bank and in hand<br>62,357<br>Creditors falling due within one year<br>(6,313)<br>538,958<br>In the previous year the movements in the charity's funds w<br>Opening<br>balance<br>2024<br>£<br>_Designated funds_<br>St. Margaret's Fabric<br>3,331<br>St. Margaret's Youth<br>4,739<br>St. Andrew's Fabric<br>651<br>General legacies<br>117,430<br>St. Peter's legacies<br>8,318<br>St. Peter's Youth<br>-<br>Stonegrove Estates Youth Project<br>4,142<br>Hardship<br>316<br>138,928<br>_General unrestricted funds_<br>426,830<br>**Total unrestricted funds**<br>**565,758**<br>_Restricted funds_<br>St. Margaret's<br>Special Projects (fabric)<br>4,419<br>Church Tower Refurbishment<br>-<br>Music<br>350<br>St Andrews<br>Special Projects (fabric)<br>2,480<br>Family Worker<br>16,464<br>3Bs<br>332<br>St Peters<br>Youth Work<br>3,140<br>Fabric<br>691<br>Hospitality<br>937<br>Music<br>2,113<br>Angel Project<br>208<br>Sewing Stitches<br>304<br>Hardship<br>1,000<br>Foodbank<br>351<br>PCC<br>Edgware & District Churches<br>1,629<br>Harriet Hurst Education<br>1,296<br>Harriet Hurst Repairs<br>5,092<br>Hardship<br>8,083<br>Stonegrove Estates Youth Project<br>1,283<br>**Total restricted funds**<br>**50,173**|Revaluation<br>Designated<br>reserve<br>funds<br>£<br>-<br>-<br>2,256,630<br>-<br>-<br>-<br>-<br>131,912<br>-<br>-<br>2,256,630<br>131,912<br>ere as follows:<br>Incoming<br>Outgoing<br>resources<br>resources<br>2024<br>2024<br>£<br>£<br>-<br>(120)<br>1,000<br>(648)<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>(40)<br>-<br>-<br>-<br>(14)<br>1,000<br>(822)<br>324,584<br>(283,041)<br>**325,584**<br>**(283,863)**<br>-<br>-<br>76<br>-<br>128<br>(581)<br>6,240<br>(1,450)<br>-<br>(2,721)<br>-<br>-<br>400<br>(445)<br>-<br>-<br>-<br>(85)<br>-<br>(39)<br>-<br>-<br>-<br>-<br>-<br>-<br>1,693<br>(2,833)<br>500<br>(884)<br>250<br>-<br>225<br>-<br>1,940<br>(950)<br>43,056<br>(46,552)<br>**54,508**<br>**(56,540)**<br>Unrestricted Funds|Restricted<br>funds<br>£<br>-<br>4,363<br>4,000<br>45,427<br>-<br>53,790<br>Transfers<br>in the year<br>2024<br>£<br>10,024<br>-<br>-<br>(10,024)<br>-<br>40<br>(4,142)<br>-<br>(4,102)<br>(3,907)<br>**(8,009)**<br>-<br>-<br>103<br>-<br>-<br>-<br>(634)<br>-<br>-<br>-<br>-<br>-<br>-<br>1,000<br>2,000<br>-<br>-<br>(1,000)<br>6,540<br>**8,009**|Endowment<br>funds<br>£<br>-<br>8,838<br>-<br>-<br>-<br>8,838<br>Gains and<br>losses<br>2024<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>**-**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>**-**|2025<br>£<br>-<br>2,652,825<br>103,920<br>239,696<br>(6,313)|
|---|---|---|---|---|
||Revaluation<br>reserve<br>-<br>2,256,630<br>-<br>-<br>-<br>2,256,630<br>ere as follows:<br>Incoming<br>resources<br>2024<br>£<br>-<br>1,000<br>-<br>-<br>-<br>-<br>-<br>-<br>1,000<br>324,584<br>**325,584**<br>-<br>76<br>128<br>6,240<br>-<br>-<br>400<br>-<br>-<br>-<br>-<br>-<br>-<br>1,693<br>500<br>250<br>225<br>1,940<br>43,056<br>**54,508**||||
|||||2,990,128|
|||||Closing<br>balance<br>2024<br>£<br>13,235<br>5,091<br>651<br>107,406<br>8,318<br>-<br>-<br>302|
|||||135,003<br>464,466|
|||||**599,469**|
|||||4,419<br>76<br>-<br>7,270<br>13,743<br>332<br>2,461<br>691<br>852<br>2,074<br>208<br>304<br>1,000<br>211<br>3,245<br>1,546<br>5,317<br>8,073<br>4,327|
|||||**56,149**|



Page 27 



## **ST. MARGARET'S, ST. ANDREWS, ST PETER'S THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EDGWARE** 

## **NOTES TO THE ACOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025** 

|**14**|**Funds continued**<br>_Brought forward_<br>Unrestricted funds<br>Restricted funds<br>_Endowment funds_<br>Harriet Hurst Church Education fund<br>**Total endowment funds**<br>**Aggregate of funds**|Opening<br>balance<br>2024<br>£<br>565,758<br>50,173<br>615,931<br>9,000<br>**9,000**<br>**624,931**|Incoming<br>resources<br>2024<br>£<br>325,584<br>54,508<br>380,092<br>206<br>**206**<br>**380,298**|Outgoing<br>resources<br>2024<br>£<br>(283,863)<br>(56,540)<br>(340,403)<br>-<br>**-**<br>**(340,403)**|Transfers<br>in the year<br>2024<br>£<br>(8,009)<br>8,009<br>-<br>-<br>**-**<br>**-**|Gains and<br>losses<br>2024<br>-<br>-<br>-<br>-<br>**-**<br>**-**|Closing<br>balance<br>2024<br>£<br>599,469<br>56,149|
|---|---|---|---|---|---|---|---|
||||||||655,618<br>9,206|
||||||||**9,206**|
||||||||**664,824**|



In the previous year: 

- a) £10,024 was transferred from the designated general legacies fund to the designated St Margaret's Fabric fund to re-designate some of the unrestricted funds held by the PCC. 

- b) £4,142 was transferred from the designated Stonegrove Estates Youth Project and £2,398 was transferred from general unrestricted funds to the restricted Stonegrove Estates Youth Project to help cover a shortfall in the funding received for this project. 

- c) £2,000 was transferred from general unrestricted funds to the Edgware and District Churches, which is the PCC's contribution to the joint mission activities in the local community. 

- d) £1,000 was transferred from the restricted Hardship fund to the restricted Foodbank fund to help cover the cost of foodbank expenses that fall within the scope of the restrictions on the Hardship fund. 

## **Analysis of net assets by fund** 

In the previous year, the assets and liabilities of the various funds were as follows: 

|Tangible fixed assets<br>Fixed asset investments<br>Debtors<br>Cash at bank and in hand<br>Creditors falling due within one year|General<br>Designated<br>funds<br>funds<br>£<br>£<br>382,994<br>-<br>-<br>-<br>32,441<br>-<br>56,557<br>135,003<br>(7,526)<br>-<br>464,466<br>135,003<br>Unrestricted Funds|Restricted<br>funds<br>£<br>-<br>4,545<br>4,000<br>47,604<br>-<br>56,149|Endowment<br>funds<br>£<br>-<br>9,206<br>-<br>-<br>-<br>9,206|2024<br>£<br>382,994<br>13,751<br>36,441<br>239,164<br>(7,526)|
|---|---|---|---|---|
|||||664,824|



_Further information regarding the PCC's designated funds_ 

The **General Legacies** fund and the **St Peter's Legacies** fund represents monies received from legacies, which the PCC have ring fenced for use on specific projects and initiatives.  This includes £60,000 which has been ring fenced to fund a Families and Children's worker for two years. 

The **Stonegrove Estates Youth Project** fund represents monies set aside by the PCC to help continue this project should income and expenditure vary adversely. 

The **St Margaret's Fabric** fund and the **St Andrew's Fabric** fund represents monies set aside by the PCC to help maintain church buildings at those locations. 

The **St Margaret's Youth** fund and the **St Peter's Youth** fund represents monies set aside by the PCC to help fund youth work at these churches. 

The **Fairfield renovation** fund represents monies set aside by the PCC to develop a residential property by converting it into two flats. 

The **Hardship** fund represents monies set aside by the PCC to help fund discretionary payments to people suffering hardship and deprivation in the local area. 

Page 28 



## **ST. MARGARET'S, ST. ANDREWS, ST PETER'S THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EDGWARE** 

## **NOTES TO THE ACOUNTS** 

## **FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **14 Funds continued** 

_Further information regarding the PCC's restricted funds_ 

The **St Margaret's and St Andrew's Special Projects** funds, the **Church Tower Refurbishment** fund and the **St Peter's Fabric** fund have been created from donations received to help meet the cost of a variety of initiatives relating to the fabric of the buildings. 

The **3Bs** fund was created from donations received to help fund equipment and expenses for the St. Andrew's church children's outreach. 

The **Edgware & District Churches** fund was created from donations received annually from local churches to help fund joint mission activities run on behalf of Edgware and District churches. 

The **PCC Hardship** fund was created from donations received to help fund discretionary payments to people suffering hardship and deprivation in the local area. 

The **St Andrew's family worker** fund was created from donations received to help employ a church worker to care for and reach out to families. 

The **St Margaret's music** fund and the **St Peter's music** fund were created from donations received to help facilitate worship at these locations. 

The **St Peter's Hospitality** fund was created from donations received to help provide hospitality for those who come to the church. The **St Peter's Youth work** fund was created from donations received to help fund youth work at St Peter's. 

The **St Peter's Angel Project** fund was created from a grant received to help fund a creative art project. 

The **St Peter's Sewing Stitches** fund was created from donations received to help teach sewing skills to young people. 

The **St Peter's Hardship** fund was created from donations received to help those suffering hardship. The **St Peter's Foodbank** fund was created from donations received to help support a foodbank. 

The restricted **Harriet Hurst Church Education** fund represents investment returns from the endowment fund mentioned below. The **Harriet Hurst Church Repair** fund was created by a bequest made by Harriet Hurst in 1895 to help meet the cost of repairs to church property. The bequest was originally an endowment fund however the Charity Commission has granted permission for the bequest to be treated as restricted fund. 

The **Stonegrove Estates' Youth Project** fund provides year round activities for children and young people on the housing estates around St. Peter's Church.  A summary of the fund's income and expenditure is given below: 

|**Income**<br>Grants receivable<br>**Expenditure**<br>Staff costs<br>Rent<br>Activities & expenses|2025<br>£<br>11,022<br>21,084<br>2,168<br>1,739<br>24,991|2024<br>£<br>43,056|
|---|---|---|
|||38,490<br>5,726<br>2,336|
|||46,552|



## _Endowment funds_ 

The **Harriet Hurst Church Education** fund was created from a bequest in 1895. The bequest was held by the London Diocesan Fund until 2009 when, with the Charity Commission's permission, it was transferred to the PCC. The bequest has been invested (see note 9 'Fixed asset investments') and the return from the investment represents income for a related restricted fund created to help meet the cost of education. 

## **15 Transactions with related parties** 

During the year, the PCC received donations totalling £17,500 (2024: £32,000) from related parties (which includes members of the PCC and anyone closely connected to them). 

Except as disclosed in note 7 'Analysis of staff costs', there were no other transactions with related parties during the year. 

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## **ST. MARGARET'S, ST. ANDREWS, ST PETER'S THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EDGWARE** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES** 

## **FOR THE YEAR ENDED 31 DECEMBER 2025** 

|Note<br>**INCOME AND ENDOWMENTS FROM:**<br>Donations and legacies<br>3<br>Charitable activities<br>4<br>Other trading activities<br>5<br>Investments<br>Other income: insurance claim<br>**Total income and endowments**<br>**EXPENDITURE ON:**<br>Charitable activities:<br>6<br>**Total Expenditure**<br>**Net gains/(losses) on investments**<br>**Net income/(expenditure)**<br>**Transfers between funds**<br>14<br>**Other recognised gains/(losses):**<br>Gains/(losses) on revaluation of fixed assets<br>**Reconciliation of funds:**<br>Total funds brought forward<br>**Total funds carried forward**<br>14||General<br>Revaluation<br>2025<br>2025<br>£<br>182,219<br>57,434<br>90,933<br>33,004<br>12,430<br>376,020<br>-<br>291,075<br>291,075<br>-<br>-<br>84,945<br>-<br>(10,453)<br>-<br>74,492<br>-<br>-<br>2,256,630<br>74,492<br>2,256,630<br>464,466<br>-<br>538,958<br>2,256,630<br>Unrestricted funds|Unrestricted funds|Unrestricted funds|Designated<br>2025<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>591<br>591<br>-<br>(591)<br>(2,500)<br>(3,091)<br>-<br>(3,091)<br>135,003<br>131,912|Restricted<br>2025<br>£<br>19,872<br>-<br>-<br>318<br>-<br>20,190<br>35,320<br>35,320<br>(182)<br>(15,312)<br>12,953<br>(2,359)<br>-<br>(2,359)<br>56,149<br>53,790|Endowment<br>2025<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>(368)<br>(368)<br>-<br>(368)<br>-<br>(368)<br>9,206<br>8,838|Total<br>2025<br>£<br>202,091<br>57,434<br>90,933<br>33,322<br>12,430<br>396,210<br>326,986<br>326,986<br>(550)<br>68,674<br>-<br>68,674<br>2,256,630<br>2,325,304<br>664,824<br>2,990,128||General<br>Designated<br>2024<br>2024<br>£<br>£<br>101,222<br>1,000<br>62,798<br>-<br>132,996<br>-<br>5,285<br>-<br>22,283<br>-<br>324,584<br>1,000<br>283,042<br>822<br>283,042<br>822<br>-<br>-<br>41,542<br>178<br>(3,907)<br>(4,102)<br>37,635<br>(3,925)<br>-<br>-<br>37,635<br>(3,925)<br>426,830<br>138,928<br>464,465<br>135,003<br>Unrestricted funds|Restricted<br>2024<br>£<br>52,898<br>1,492<br>-<br>16<br>-<br>54,406<br>56,541<br>56,541<br>102<br>(2,033)<br>8,009<br>5,976<br>-<br>5,976<br>50,173<br>56,149|Endowment<br>2024<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>206<br>206<br>-<br>206<br>-<br>206<br>9,000<br>9,206|Total<br>2024<br>£<br>155,120<br>64,290<br>132,996<br>5,301<br>22,283<br>379,990<br>340,405<br>340,405<br>308<br>39,893<br>-<br>39,893<br>-<br>39,893<br>624,931<br>664,824|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||Revaluation<br>2025<br>-<br>-<br>-<br>-<br>-<br>2,256,630<br>2,256,630<br>-<br>2,256,630||||||||||



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