2025-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Holy Trinity Eltham

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UNAUDITED ANNUAL REPORTS AND FINANCIAL STATEMENTS

OF THE

PAROCHIAL CHURCH COUNCIL OF

HOLY TRINITY ELTHAM FOR THE YEAR TO 31 DECEMBER 2025

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY ELTHAM STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR TO 31 DECEMBER 2025

	Notes	Unrestricted	Restricted	Custodian	Total	Total
		Funds	Funds	Trustees	2025	2024
		£	£	£	£	£
INCOMING RESOURCES
Voluntary Receipts
Planned Giving		37,507	-	-	37,507	40,430
Collections and other Giving	4a	14,329	-	-	14,329	10,310
Income tax recovered		12,611	-	-	12,611	20,388
		_	______	_	_	_
		64,447	-	-	64,447	71,128
Activities for generating funds	4b	650	-	-	650	697
Receipts from Church Activities	4c	21,377	1,340	-	22,717	27,831
Investment income	4d	14,674	-	9,397	24,071	18,295
Other income	4e	-	-	-	-	-
		_	______	_	_	_
		101,148	1,340	9,397	111,885	117,951
		_	______	_	_	_
RESOURCES EXPENDED
Church activities
Diocesan parish share		47,300	-	-	47,300	62,500
Church Activities	5a	41,922	1,440	-	43,362	56,089
Fundraising	5b	13,836	-	-	13,836	336
Governance Costs	5c	8,200	-	-	8,200	8,020
		_	______	_	_	_
		111,258	1,440	-	112,698	126,945
		_	______	_	_	_
Excess of Payments over
Receipts		(10,110)	(100)	9,397	(813)	(8,994)
Gains and Losses on Investment
Assets		-	-	(11,212)	(11,212)	6,275
Transfer between funds		-	-	-	-	-
		_	______	_	_	_
		(10,110)	(100)	(1,815)	(12,025)	(2,719)
Funds b/fwd at 01.01.2025		(62,061)	8,995	402,408	349,342	352,061
		_	_	__	_	_
Funds c/fwd at 31.12.2025		£ (72,171)	£8,895	£400,593	£337,317	£349,342
		_	_	__	_	_

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PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY ELTHAM BALANCE SHEET AS AT 31 DECEMBER 2025

	Notes	Unrestricted	Restricted	Custodian	Total	Total
		Funds	Funds	Trustees	2025	2024
		£	£	£	£	£
Fixed Assets
Tangible Assets	7	-	-	-	-	-
Investments	8	-	-	269,242	269,242	280,454
		_	______	_	_	_
		-	-	269,242	269,242	280,454
		_	______	_	_	_
Current Assets
Debtors	9	10,972	-	-	10,972	9,506
Cash at Bank		(81,077)	15,330	131,351	65,604	73,846
		_	______	_	_	_
		(70,105)	15,330	131,351	76,576	83,352
		_	______	_	_	_
Current Liabilities
Creditors: amounts falling due
within one year	10	2,066	6,435	-	8,501	14,464
		_	______	__	_	_
		2,066	6,435	-	8,501	14,464
		_	______	__	_	_
Net Current Assets		(72,171)	8,895	131,351	68,075	68,888
		_	_	__	__	__
Net Assets		£ (72,171)	£8,895	£400,593	£337,317	£349,342
		_	_	__	__	__
Represented by:
Unrestricted Funds		(179,825)	-	-	(179,825)	(169,128)
Designated Funds	2	107,654	-	-	107,654	107,067
Restricted Funds	3	-	8,895	-	8,895	8,995
Custodian Trustees		-	-	400,593	400,593	402,408
		_	______	_	_	_
		£ (72,171)	£8,895	£400,593	£337,317	£349,342
		_	______	_	_	_

Approved by the PCC on and signed on their behalf by:

…………………………………. …………………………………. Chair Churchwarden

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PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY ELTHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2025

1. ACCOUNTING POLICIES

Basis of Preparation of Financial Statements

The financial statements have been prepared under the Church Accounting Regulations 2006 in accordance with applicable accounting standards and the current Statement of Recommended Practice, Accounting and Reporting by Charities and applicable accounting standard FRS102.

The financial statements have been prepared under the historical cost convention except for investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law.

Incoming Resources

Voluntary Income including donations, gifts, legacies, and grants that provide core funding or are of general nature are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Tax refunds are recognised when the incoming resource to which they relate is received. All incoming resources are accounted for gross.

Resources Expended

Resources expended are included in the Statement of Financial Activities on an accrual’s basis, inclusive of value added tax, which cannot be recovered.

Unrestricted Funds

These are general funds which can be used for PCC ordinary activities.

Restricted Funds

These are donations or grants that are received for a specific purpose. The funds may only be expended on the specific purpose for which they were given. Any balance that remains unspent at the year end must be carried forward as a balance on that fund.

Fixed Assets

Consecrated and benefice property is not included in the accounts under the Charities Act 2011. Tangible Fixed Assets are stated at cost or valuation, less depreciation. Individual items of equipment with a cost or valuation of less than £500 are written off when the asset is acquired. These assets are depreciated on a straight-line basis over 4 years.

Investments

These are valued at market value as at the year end.

The movements in designated funds during the year were:

	Bal b/fwd	Receipts	Payments	Transfer	Bal c/fwd
Flat 59a	7,825	6,333	(13,788)	-	370
Flat 59b	79,257	8,042	-	-	87,299
Flower Fund	2,890	-	-	-	2,890
Candle Fund	337	-	-	-	337
Andrews Place Fund	16,758	-	-	-	16,758
	_	______	______	_	_
	107,067	14,375	(13,788)	-	107,654
	______	______	______	_	_

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PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY ELTHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2025

The movements in restricted funds during the year were:

	Bal b/fwd	Receipts	Payments	Transfer	Bal c/fwd
Church Day Outings	360	-	-	-	360
Diocese Fees	2,802	1,340	(1,340)	-	2,802
Insurance Claim	430	-	-	-	430
Altar Cloths	51	-	-	-	51
Church Art Fund	3,695	-	-	-	3,695
Vestments Fund	992	-	-	-	992
Parish Office Grant	274	-	-	-	274
Ukraine	130	-	(100)	-	30
Nalini Tree	261	-	-	-	261
	_	______	______	_	_
	8,995	1,340	(1,440)	-	8,895
	_	______	______	_	_

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PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY ELTHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2025

INCOMING RESOURCES

4a
	Unrestricted	Restricted	Custodian		Total	Total
	Funds	Funds	Trustees		2025	2024
	£	£	£		£	£
Collections (Open Plate)	7,199	-		-	7,199	4,279
Sundry Donations	4,130	-		-	4,130	3,529
Legacies	3,000	-		-	3,000	2,502
	______	______	______		______	______
	14,329			-	14,329	10,310
	______	______	______		______	______

4b Activities for Generating Funds

b Activities for Generating	Funds
	Unrestricted	Restricted	Custodian		Total	Total
	Funds	Funds	Trustees		2025	2024
	£	£	£		£	£
Parish Magazine	-	-		-	-	-
Tea & coffee	650	-		-	650	697
	______	______	______		______	______
	650	-		-	650	697
	______	______	______		______	______

4c Receipts from Church Activities

		Unrestricted	Restricted	Custodian	Total	Total
		Funds	Funds	Trustees	2025	2024
		£	£	£	£	£
Church Hall Lettings		19,618	-	-	19,618	25,631
Fees		1,759	1,340	-	3,099	2,200
		______	______	______	______	______
		21,377	1,340	-	22,717	27,831
		______	______	______	______	______
4d	Investment Income
		Unrestricted	Restricted	Custodian	Total	Total
		Funds	Funds	Trustees	2025	2024
		£	£	£	£	£
Dividends		-	-	7,793	7,793	7,611
CBF	Deposit Fund Interest	299	-	1,604	1,903	2,847
Rental Income		14,375	-	-	14,375	7,837
		______	______	______	______	______
		14,674	-	9,397	24,071	18,295
		______	______	______	______	______

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PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY ELTHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2025

INCOMING RESOURCES (Cont’d)

4e
	Unrestricted	Restricted	Custodian	Total		Total
	Funds	Funds	Trustees	2025		2024
	£	£	£	£		£
Insurance Claims	-	-	-		-		-
Parish Retreat	-	-	-		-		-
	______	______	______	______		______
	-	-	-		-		-
	______	______	______	______		______

RESOURCES EXPENDED

5a Church Activities
	Unrestricted	Restricted	Custodian	Total	Total
	Funds	Funds	Trustees	2025	2024
	£	£	£	£	£
Ministry & Charitable Giving	300	100	-	400	1,143
Other Ministry Costs	1,912	-	-	1,912	3,143
Church Running & Maintenance	20,385	-	-	20,385	32,120
Church Hall	4,510	-	-	4,510	4,297
Cost of Services	2,935	-	-	2,935	2,338
Funeral Expenses & Memorials	-	-	-	-	-
Fees payable to Diocese	-	1,340	-	1,340	1,512
Postage & Stationery	2,436	-	-	2,436	1,859
Subscriptions	-	-	-	-	-
Telephone	1,031	-	-	1,031	999
Administrators’ Wages	8,295	-	-	8,295	8,206
Hospitality	118	-	-	118	-
Sundries	-	-	-	-	472
Depreciation of Equipment	-	-	-	-	-
	_	_	_	_	_
	41,922	1,440	-	43,362	56,089
	_	_	_	_	_

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PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY ELTHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2025

RESOURCES EXPENDED (Cont’d)

5b	Fundraising
		Unrestricted	Restricted	Custodian	Total	Total
		Funds	Funds	Trustees	2025	2024
		£	£	£	£	£
Tea & Coffee		-	-	48	48	-
Maintenance of Rental Properties		-	-	13,788	13,788	336
		_	_	_	_	_
		-	-	13,836	13,836	336
		_	_	_	_	_
5c	Governance Costs
		Unrestricted	Restricted	Custodian	Total	Total
		Funds	Funds	Trustees	2025	2024
		£	£	£	£	£
Insurance		7,670	-	-	7,670	7,490
Bank Charges		-	-	-	-	-
Independent Examination Fee		530	-	-	530	530
		_	_	_	_	_
		8,200	-	-	8,200	8,020
		_	_	_	_	_
6	STAFF WAGES
		Unrestricted	Restricted	Custodian	Total	Total
		Funds	Funds	Trustees	2025	2024
		£	£	£	£	£
Administrator		8,295	-	-	8,295	8,206
Other		4,510	-	-	4,510	6,457
		_	_	_	_	_
		12,805	-	-	12,805	14,663
		_	_	_	_	_

During the year the PCC employed a hall booking administrator and a music director, all on a part time basis. No payments made were large enough to attract social security deductions.

Any expenses paid to clergy are small immaterial amounts, which relate to their function as PCC members. No other payments were made to PCC members.

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PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY ELTHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2025

7	TANGIBLE ASSETS
				Total		Total
				2025		2024
				Office		Office
				Equipment		Equipment
				£		£
	COST
	As at 01.01.2025			3,136		3,136
				_		_
	As at 31.12.2025			3,136		3,136
				_		_
	DEPRECIATION
	As at 01.01.2025			3,136		2,352
	Charge for the year			-		784
				_		_
	As at 31.12.2025			3,136		3,136
				_		_
	NET BOOK VALUE
	As at 31.12.2025			-		-
				_		_
8	INVESTMENTS
The PCC hold 12,128.96 shares in the CBF Investment Fund.
				Total		Total
				2025		2024
				£		£
	MARKET VALUE
	As at 01.01.2024			280,454		274,179
	Revaluation gain/(loss)			(11,212)		6,275
				_		_
	As at 31.12.2024			269,242		280,454
				_		_
9	DEBTORS
		Unrestricted	Restricted	Custodian	Total	Total
		Funds	Funds	Trustees	2025	2024
		£	£	£	£	£
	Tax Recoverable	10,972	-	-	10,972	9,506
	Prepayments	-	-	-	-	-
	Other Debtors	-	-	-	-	-
		_	_	_	_	_
		10,972	-	-	10,972	9,506
		_	_	_	_	_

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PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY ELTHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2025

10	CREDITORS
		Unrestricted	Restricted	Custodian	Total	Total
		Funds	Funds	Trustees	2025	2024
		£	£	£	£	£
Accruals		2,066	-	-	2,066	2,287
Tax	and Social Security	-	-	-	-	1,639
Other Creditors		-	6,435	-	6,435	10,538
		_	_	_	_	_
		2,066	6,435	-	8,501	14,464
		_	_	_	_	_

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INDEPENDENT EXAMINER’S REPORT TO THE PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY ELTHAM ON THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025

This report on the financial statements of the PCC for the year to 31 December 2025, which is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 (‘the Regulations’) and in accordance with s145 of the Charities Act 2011 (‘the Act’).

Respective responsibilities of the PCC and the examiner

As members of the PCC, you are responsible for the preparation of the financial statements. You consider that the audit requirement of the Regulations and section 144 (1) of the Act do not apply. It is my responsibility to issue this report on those financial statements in accordance with the terms of the Regulations.

Basis of this report

My examination was carried out in accordance with the General Directions given by the Charity Commission under section 145 of the Act and to be found in the Church Guidance, 2006 edition, issued by the Finance Division of the Archbishops’ Council. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with these records. It also includes considering any unusual items or disclosures in the financial statements and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

1) which gives me reasonable cause to believe that in any material respect the requirements,
to keep accounting records in accordance with section 130 of the Act; and
to prepare financial statements, which accord with the accounting records and comply with the requirements of the Act and the Regulations

have not been met; or

2) to which, in my opinion, attention should be drawn, in order, to enable a proper understanding of the accounts to be reached.

NEAL M ROGERS FFA/FIPA FOR AND ON BEHALF OF BERACAH ADMINISTRATION LIMITED INCORPORATED FINANCIAL ACCOUNTANTS 37 ST JOHNS ROAD SIDCUP KENT DA14 4HD Date: April 2026

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