Tracklny ID. 1001660_123917 Charlty registration numbÈr 1132248 (England and Wales) THE PCC OF ST JOHN WITH ST ANDREW ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
Trackiiig ID.. 1001660_1239476 THE PCC OF ST JOHN WITH ST ANDREW LEGAL AND ADMINISTRATIVE INFORMATION TrStee$ Rev P R Dawson Rev A bAason Mr N C D Rendell Mr S R Rog&rs MrACryer Mrs R Hunter Miss V L Dgre Mrs B Ofori-Boaleng Mrs B Sherwood Mrs C J Nardoni r S Ofori-Boaleng Mr J B8ukema (Appoinled 6 Jznuary 20251 (Appointed 19 May 20251 (Appointed fj January 20261 Secretary Barbara Shenvood Incumbent Th8 Revd Paul Dawson Incumbenl (St John's) The Revd Andy Mason Churchwardens Samuel Ofori-Boateng AndW Cryer Deanery Synod Reps Samuel Ofori-Bo8leng Florian Guilltsl IrBslgned 19 May 20251 Treasurer David Do (resigned 15 Septernb8r 20251 James 8eukerna lappoinled January 20261 Elected M8meb8rs Victoria Dare Rhoda Hunter 8èrbar8 Ofori-8oaleng Sam Rogers Nigel Rendell (Co-opted 6 January 20251 Cindy Nardoni (Co-opted 19 May 20251 Leon Lau lappoinled 19 May 20251 (resigned 3 November 20251 Charity registratlon England and Wales 1132248 Prlnclpzl address The PCC of Sl John with Sl Andrew Ch8lsea Parish Office Sl John's Church Centre 461 Kings Road London England SWID OLU Independent examlner BK Plus Limited 52 St Johns Lane Hali18x Wesl Yoikshire England HXI 2BW
TraLkiiig ID lo01Eo-239476 THE PCC OF ST JOHN WITH ST ANDREW LEGAL AND ADMINISTRATIVE INFORMATION Banker5 Nation81 Westminster BarEk PIC Chelsea Branch 244 Kings Road London CAF Bank Limited Kings Hill Wesl Malling Kent Kingdnm Bank Media House Padg@ Road Beeslon Nottingham
Trackiw ID. 10D1660_1239476 THE PCC OF ST JOHN WITH ST ANDREW CONTENTS Page Trust8e's r8POrt Independent examinerfs roporl Slalemenl ol financial aclivitles Balance sheet Notes to the flnancial statements 10-20
Tracking ID.. ID016CO-1239476 THE PCC OF ST JOHN WITH ST ANDREW TRUSTEE'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The trust88s pr8S8nl their 8nnu31 r8port and finanaal slatem&nts for the year ended 31 December 2025. Thé linanual statements havè been prepared in accordance with the accounting policies set out in note I to the linsnci81 slatèmènls comply with the eharily's goveming document, the Charities Act 2011, FRS 102 "The Financial Reporllng Sl8nd8rd applicable in th6 UK and Republic ol Ir61and and the Charities SORP 'Accounting and Reporting by Charities.. Statement ol Recomm8nd8d Practice applicable lo charities pieparing their accounts in accordance with the Financi31 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" Objectives and actlvitle5 The PCC of Sl. John with St. Andrèw's PCC has the responsibility ol eo-operating with the incumbent, the Rev'd Paul Dawson, in promoling in the ecclesiastical pÈrish the whol6 mission ol the church, paslc>ral, evangelistic. social and ecumenical. It also ha5 the m8inlenance responsibilily IDr Sl, Andrew's Church building znd St. John's Church Cenlre Public b8nelil The Irusle8s hav8 paid due regard to guidanc6 issuèd by th8 Charity Commission in deciding what activities the charity should undertake. Financlal rèvlèw In linanaal terms, 2025 was dominated not just by the significant expenditure of £141K on the Vestry roof repairs bul the amazing generosity of the church family in making special donations to help fund the costs. We were especially gr3t8ful that this g8nErosity, togeth8r with the g8nerosily ol other providers ol grants and support, meant we could continue lo invest hiring and training the next g6ner8tiori of leaders and preachers. In 2025, we recc>rded a nel loss of £43,895. This compares to a net loss of £43,245 in 2024. To181 Income was up signllicantly at £653K, largely because ol the increased special donations to support the roof appeal, bul also becaus8 of generous donations and gr8nts frorn Chelsea Gospel Trust, The Co-MIs5ion Netrwork, Sychar Trust, the YMCA, the ECFA, and the London Good Stowards Trust. These grants enabled us to.. continue hirlng and training stall niembers., grow our Youth Aclivilies., grow our outreach programmes in the local community., and msinlaln our regular events, weekends away and courses for our church family. Income derived from renting the church buildlngs w8s flat on la51 year. N8vertheless, the lerm-tlme weekday rental (If St Andrew's by Chelsea Pre-Prep school continues tts be our single most Imporiant income stream, and w8 8r8 very grateful lor the positive relationship we have with the school. We note with rr&I that IhB Govèrnment closed the Listed Places of Worship grant scheme at the end of March 2026, Under Ihg scheme, Sl Andr6W's was able to reclaim the VAT on most ol its repairs and mainlenance expenditure. During 2025, Sl Andrew's received VAT r&lunds of £27K, znd the loss ol anlicipated VAT refunds On projects planned in 2026 land indeed in future years) will be missed. Regular giving by the church family was down compared to the previous year for Iwo reasons. Several regular glvers chose lo channel their giving elsewhere ss they were unhappy wlth the posillons belng taken by th6 House ol Bishops and the direction of Ihe Church of England. Secondly, a few church family members who had been with us for many ye£rs and were significant givers moved away from the area for career or family reasons. Expenditure In 2025 at £696K was llp signifieanlly over 2024. The Vestry roof repairs were £141K. and in addition our expenditure on regular repairs and maintenance of the bulldings for which we are responsible almosl doubled to £60K. Much of the expenditure related lo necessary improvernents of the fire, electric313nd lightning systBrns to meet enhanced regulatory standards. Other buildings 8xpendilure, such as tre8 pruning, was required for h88lth and safely reasons and could nol tse delayed
Tratki1i910. 1001660-123O47G THE PCC OF ST JOHN WITH ST ANDREW TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Ove¥811, our largest area of costs relatES lo our slaff tnembors inGluding salary, national insurance, pensions and Irainingleduc81ion. The PCC has 8lways prioritised its responsibility lo hire and train the next gener81ion of preachers and leaders and will continue lo do so. It is also tliro)ugh uur staff th31 we have the resource5 to arrange and lead our seNi¢¢s, weekly growth groups. one-on-one Bible teaching, Youth and Children's activities, women, ministry, family oulre8ch, cornmunity oulreach, special events. camps 8nd wld8r aspects ol evangelism. Volunteers are of course vital in carrying out much ol this work, bul the paid staff members sre responsible for planning, leading and driving the aclivilies. We Zre very grateful to the providers ol grants and support Ilhe Chelsea Gospel Trust, the Co-mission Network, the SyGhar Trust, the YMCA, the ECFA. and the London Good Stewards Trust) which help to offset much of the slaff costs. Expènditure on Utililies (gas. water, eleclricily, insurancel improved 5ignific8nlly in 2025 compared lo 2024. Although there were modest increasès in insuranc8 and water, the new conlracls neoolialed on gas and electricity provided a meaningful redLSetion in costs. Misslonary and Charitable Giving at £40K exceeded C>ur slated largst figu18 of givlng away al least 10Vo of our annual Unreslricted income. Giving away is very imporianl 10 the PCC and th& church family, and we look its support those in grealer need than ourselves. Our donations supported our long-lerm Mission Partners as well as responding lo local need5 In the parish and enabled us lo offer meaningful support to several new charlti8s as well as our long-standing relatlonships. Durlng the year, the PCC 8nlered into a Ic>an agreemenl with the Co-mission Nelwork lo fund the refurbishment of the dis-used gym al Sl John's Cenlre. The loan was lor £12,000 and wll bc ropaid over 24 months commencing January 2026. The work has been completed, and the room Is now available for use by Ihe church, Co-mission anil private hire. R8sgffves poIiGY The trustees of the PCC of St John with St Andrew, Chelsea have noted the Charity Commission's guidance documenl enlilled "Charity reseNes'. building resi158nce' (updated 14 June 2023- with no subsequent ehang8sI. In determining the need lor resèNes. thé trustees have carefully considered the following laclors., Sotsrce5 of Income are concentrated.. A significant proportion of income comes Irom a relalively small number of supporters, Should any of Ihese donors be signilicanlly impacled by any serlous econotnic downlurn or suffer other financial haim, r858rv8S may be needed lo cover any resulting loss of donation income. An Oven mora slgnlflcant proportion of income155°1.I comes from ren121 of our chLJrch buildings. Should Ihe buildings become nsable due lo unforeseen events re5etves may be needed lo cover any resulting loss of Income. Large amounts of Expenditure arè contrsclusl, or reclpienls rely hpavily on our support.. The PCC wants lo be able lo fulfil its obligations lo ils employees and Misslon ParliiEfs, &v8n if ils incolne is insufficient lo cover Ih05e obligations on a temporary basi5. The PCC wants lo be able to respond appropriately lo any inlemalional, national or local parsh events where il can offer praclical. pastoral or spiritual help. FuHhermore, the PCC wants lo build resi118nc8 and fléyibilily lo cover the risk of unforeseen emergency or other unèxpeeled need for funds. In this cc>nlext, the PCC members are aware of their obligalions 88 trustees and stewards of the buildings and assets in their care and want the flnancial flexibilily lo be 8ble lo address any unscheduled expenditure or emergency repairs necessary lo fulfil their obllgalions. In setling Ihis reserves policy, the trustees have expressly considered Ihe impact ol the PCC'S spending commllments, potential liabilitie5 and the financial oyllook. As a result, the Iruslees have decided to set a mlnimum res8fVE5 18V81 of £62.5k. In agreeing lo this figure, the PCC considered the extreme hypolheli¢a1 silualion where St Andrew's Church would be unusable, and all income related lo the building would cease. A minimum reserves level of £62.5K would cover the income shorilall required to meet 4 months of cole costs including slaff remuneration, staff housing. supporting Mission Parlners and minimum required exp8ndilure on buildings. Four months is considered a viable time period within which to assess Ihe future of the building and determine a longer-leTm plan with a mtsre Skjstalnable cost structure.
Trackiry ID.. 1001660-1239478 THE PCC OF ST JOHN WITH ST ANDREW TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Monitoring The trustees ¢onsid&r Ihls to be a ¢omloriable level of reserves, and allows the fin8n¢ial Ilexibilily ngcessary for the PCC lo conlinue Gonsidering new project5, new hires 8nd new investwenl as opportUE)ilies ar15e. Reserves wlll be reviewed regularly as part of 8ach Financial Update al PCC meetings. Our reserves are held in cash in various cutrenl and inlerest-bearing accounts at National Weslminsler and Kingdom Bank. The composition of these accounts is rnonllored carefulW lo ensure we rem8in In compllance wilh our Reserves Policy which is report&d lo the PCC as part of the régular financ8 updales. W8 were in compliance with this Policy throughout 2025 including al year-end. De5Plte the challenglng environment in 2025 lor many of our church family, we remsin eneouraged by the ctsnlinued strgnglh of our incorna 2nd the wc>nderful exsmples of sacrificlal giving Ihal we have seen. W8 are thankful we have the resources lo help those rnosl In need. We plan on a much lower level ol expenditure on buildings in 2026 and aim lo reduce the delicil. We are thankful lo God for keeping u5 and providing lor us. Once again, He has given us all we have needed and by His grace has allowed us to contribute lo the spread of the good news of Jesus in Chelsea and beyond. structure, governance and management Tha Charity is controlled by ils governing doeumenl, a deed ol trust, and eonslltutes an unineorpc)rated charlly. Recruitmsnt and appointment of Iruslees Members The appointment of PCC members is gtsverned by and set oul in the Church Replesentalion Rules. Committee The PCC also operates through the standing comrnillee. 51 has power lo Iransacl business of the PCC between ils meetings, subjecl lo any direclions given by Ihe Council.
Tr2ckin¢J ID. 10016BO-1239476 THE PCC OF ST JOHN WITH ST ANDREW TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Oth&rmalters Review of the year Since oui last APCM the full PCC has mel six limes and the Slandlng Commlltee has mel three limes, Parish Team Sl Andrew's The Rev'd Paul Dawson continued as the incumbent SUPPDried by Ihree lay Elders, James Sherwood, Nigel Rendell and Androw Cryor who also acted as Churchwarden. Flori3n Guillot lell his Pastor in Training role in September 2025 to start lull-lime training lo be a Curate. Abel Wang served throughout tha year as the Inlernalional Outreach Worker, and Justin Culbertson joined in February as an Associate Minister. In September 2025 Toby Fielding moved Irom his role as a volunteer Ministry Trainee to 8 part-lime 8laff-rrember role as a Pastor in Training. Joshua Skipworth also joined in Seplernber 2025 as a part-lime Pastor in Training. In November and December, the Rev'd Dawson look a leave ol absence while his wife underwent, and recovered from, major heart surgery. This was done wllh the lull knowledgB and support of the PCC, the Elders, the Diocese and the Co-mission Network. Th& Rev'd Dawson r8tuined lo work, initially in a pari-lime capacity, in early January 2026. Sl John s The Rev'd Andrew Mason continued in his role as the incutnbent supported by threè elders, Sam Ofori Boaleng, whu is also ChurchwaTden. Darren Nardoni, who Is also Assistant Minister, and Thomas Johnson. The Rev'd Mason also works part-lime a5 the Mission Director of Co-mission. The PCC is re.imbursed by Co-mission for the time the Rev'd Mason allocates lo his Co-tvlission role. Darren Nardoni continued in his role as Assistant Minister and Logan Hewit joined in September 2025 as a Minislry Trainee. Barbara Olori Boateng 8nd Rhod8 Hunter continued in their part-time roles as Churchlcomtnunity Workers. P£rish Office In addition to her role as a Churchlcommunity worker, Rhoda Hunter also works in the Parish Office as the part- lime Office Adminislralor. The PCC secured approval from the Home Office UK Visas and Immigratioll as a Sponsor of foreign workers applying for the rlghl lo work in the UK. The PCC has issued Iwo Cerlilicates ol Sponsorship covering two current employees, Ab81 Wang and Justin Culb8rtsorF, in relation to their fier 2 Iminisler of Religionl visas. Finances David Do returned to Korea 2nd slepped down as Treasurer in SBplember 2025. Andr8w Cryer, as Churchwarden wilh responsibilily for the oversight ol Finances and former Treasurer, took over the rol8. After the 2025 linancial ye8r end, Wiel28"James" Beukema was appointed Treasurer and appointed to the PCC, Church attendance and electoral roll las al May, 20251 There were 100 iiidividuals on Ihe electoral roll, up Irotn 95 the prevlous y6ar. In person 8ttendance al the 10.'30am service at st Andrew's Is geneFally aboL)155 adults and 15 und&r 18$. Attendance al the 11,'OOam serv(ce at St John's Is generally about 36 adults and 14 under 18s.
Ti8ckinJ ID. IOD1660- 1239476 THE PCC OF ST JOHN WITH ST ANDREW TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 St John wlth Sl Andrew's re ort: We want lo give local people repeated opportunities lo hear the gospel of Jesus Chrisl. W8 Wanl to learn the gospel far ourselves, so we are belter equipped lo share the gospel 8nd are molivated lo give Iinancially to others sharing the gospel here in Lolldon, the UK and overseas. We are thankful Ihal in 2025, through our services, mid-week groups, youth and children's 8cIFvlties, social gatherings, events, WEek-ends Away 8nd camps, local outreach. pasloral care and givlng lo our mission partn2rs we have bèen able to deliver our vision statement of "Living for Christ, in London, for the world. and demonslrale our compassion and evangelism. In addition lo the employed full-time and part-time personnel, th Ghurches rely very heavily on volunleers from their coingregations to conlribuie to 811 aspects ol Church Ille. W8 ar8 fortunate that a hlgh proportion ol our regular attendees are both able and willing to serve in whatever way Ih8y can. At both St Andrew's and St John's our two Sènior Pastors are suppc>iled by elders responsible under God with Ihe Incumb8nt for the spiritual health ol the church larnily. Each church also has a Churchw&rden who provides addilional support to the Incumbent in ensuring the smooth running of the church and good stewardship of our assets. We also h8ve Ministry Teams made up of a large number ol volunteers lo serve by.. welcoming.. providing refreshments., selling up and clearlng LJP,. preaching,. reading,, leading pr8yer%', playing muslcal instrutnellls,. leading in singing,. identifying and worklng with aur Mission Partneis., leading Children's activit18s and Sunday Club.. running the Youth Groups., organising c2mp£ and Week-end5 Away,. le8ding and hosting Bible Study groups,. one-on-one Bible readlng sessions,. finance., administration", saf8guarding,' cooking and delivering horne-prepared meals lo those in need., hosting events for the local communily., local outreach and evangelism. The members of the PCC take their responsibilities with respect to Safeguarding very serlously, and receive regular reports and updates &t each PCC meeting with an opportunily for all PCC members lo iaise qu85lions. Once a year a Safeguarding audit and dashboard is presented lo the PCC lor discussion. Barbara Olori Boateng is the PCC member with primary responsibility lor overseeing th8 Parish s s8fegu8rding aclivilies regarding children, young people and vulnerable adults. At the Chuioh level, Chrisly Rogers is the Safeguarding Officer for Sl Andrew's and Barbara Olori Boaleng is the Safeguarding Officer for Sl John's where in lum eath is support¢d by a voltJnleer responsible lor nèw and updated DBS checks and vetting. All members ol the Safeguarding Team work c105ely with Ihe specialisl team and resources at the Diocese. The parish Safeguarding Dashboard was commended by tho DioGese in a rec8nl visit by the Area Dean. During the year, a seiiou5 safeguarding issue arose at st Andrew's due lo the incro85ingly aggressive and threatening behaviour of an adull male former mèmber of the congregation towards a number ol lernale members ol th6 congregation. The Safeguarding Team acled very guickly and by following the agreed procedures escalated the matter to the sp&ci31isl team al the Diocese and subsequently lo the police. The individual is exduded from St Andrew's and has been charged by the police, awaiting trial. Living in Love and Falth We remain in impaired cc>mmullion with our Bishop, bul we are gral8ful that the House ol Bishops has recognised that if any further progress is lo be made il musl follow 'due process,. We 2re encouraged by the strength and unlly ol The Alliance. and by those Bishops who spoke up lor orthodox beliefs in the College and House. Nevertheless,11 is important lo emphasis2 that the PCC'S much reduced contribution lo the London OI0c8san Common Sn 2f125 was not due 10 3ny theological differences, bul due lo Ihe very challengin9 financial impact of the Vestry roof ropairs.
Tracking ID.- 1001660_'123fj4k76 THE PCC OF ST JOHN WITH ST ANDREW TRUSTEE'S REPORT (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2025 The Iruslee's report was approved by the Board ol Trustees. Poul Rev P R Dawson Trustee 1810512026 Dale.
TTackiry ID. 1001660.1239476 THE PCC OF ST JOHN WITH ST ANDREW INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PCC OF ST JOHN WITH ST ANDREW I report lo th? trustees on my examin3lion of the financial statements of The PCC of St John with Sl Andrew Ithe charilyl lor the year ended 31 December 2025. Respon8ibilitses and basis of report As the trustees ol the charity you are responsible for tha preparation af the financial slalemenls in accordance with the requirements ol the Charities Act 2011. I report in respect ol my examination ol the charity's financial Sla16m@nts carried out under s8clion 145 Dr the Charilies Acl 2011. In c2rrying out my examination I hkve follow8d the Directions given by the Charity Commission under section 14515llbl ol the Charities Act 2011. Independent examlnerfs statement Since the charity's gross income exceeded £250,000. the independent 8xarniner tllust b8 a memb8r of a body listed in section 145 01 the Charities Act 2011. 1 confirm that l am qualified to undert8ke the ex2mln21ion because l am a member of the Assoelalitsn c>1 Chartered Certified Awounls, which is one ol the listed bodies. Your attention is dr3wn lo the fact that the charily has prepared the financial statèments in accordance wlth the relev2nl version ol the Statement of Recommended Praetie6 applicable lo charities preparing their linanciBI statements in accordance wilh Ihe Financia1 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 In preference lo the Accounting and Reptsrling by Charilios.. Slaloinenl ol Recommended Practice issued on 1 April 2D05 which is referred lo in the exlanl regulations bul has now been withdrawn. l understand Ihal thi5 has been done in order for the financial stalements lo provide a true and fair vlew In accordance with UK Generally Accepted Aeeounling Pracliee. I have completed my examinalson. I confirm that no matters have come to my altenlion in connection with the examination giving me cause to believe that in any material respect.. accounting records w8re nol kepl in respect ol the charily as required by seciion 130 01 the Charllles Aet 2011, tho financial slaleinenls do not accord with those records., or the financlal slalements do not comply wlth the applicable raquiremenls Conrning the form and content ol financial slatemenls set ODI in the Charili6s IAccour)ts and Reports) Regulaliolls 2008 other Ihan any reqijirempnt th21 thp financial statements give a true and fair view. whlch15 not a maller CDnsidered as part of an indèpendent examination. I have no concerns and have corne across no other mallers in connection wlh Ihe examination to whSch allenlion should be drawn in this report in order to enable a proper understanding of the financial slatern8nls to be Feach8d. Bk.Plu3 ¢terll BK Plus Lirnlted 52 Sl Johns Lane Hallfax West Yorkshire HX1 2BW England Dale..
Tracking ID. .1001660-1235476 THE PCC OF ST JOHN WITH ST ANDREW STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Unyestrlcted Reslrlcted funds funds 2025 2025 Total Unrestrlctèd ReslrScted funds funds 2024 2024 Total 2025 2024 Notes Incoma from: Donations and legacies Ch8rilable activities Other trading 8clivilies Inveslmenls 61,777 2,136 282,916 14,282 291,479 353,256 2,136 282,916 14,282 86,865 390 275,675 17,123 50,845 137,710 390 275,675 17.123 Total incomè 381,111 291.479 652.590 380,053 50,845 430,698 Expènditure on.. Raising funds Charitable acllvllies 4,607 400,383 4,607 691,862 3,714 419,609 3,714 470,354 291,479 50,845 Total expendlture 404,990 291,479 696,469 423,223 50,845 474,068 Nel gainsllloss8sl on investrnents 12 1161 1161 1751 1751 Net expendlture and mov8m8nl In funds 143.8951 143.8951 143,2451 143,2451 Reconciliation of funds: Fund balances al 1 January 2025 125,523 125,523 168,768 168,768 Fund balan¢e8 at 31 December 2025 81,628 81,628 125,523 125,523 The statement ol financial activities includes all gains and losses recognised in the year. All income and expenditur8 derive from continuing aclivities.
Tiackiffj ID.- 1001660_123g476 THE PCC OF ST JOHN WITH ST ANDREW BALANCE SHEET AS A T31 DECEMBER 2025 2025 2024 Notes Fixed assets Inveslmenls 14 2,041 Current assets D6blors C8sh al bank and in hand 15 15,160 112,012 6,222 151,114 127,172 157,336 Creditors: amounts falling due wlthin one year 17 139,5441 133,8541 Net current assets 87,628 123.482 Total ?¥5ets less ¢urrgnt liabilities 87,628 t25.523 Credltors: amounts falllng due after more than one year 18 16.0001 Not assets 81,628 125,523 The funds of the charlly Unrestricted funds 20 81,628 125,523 81,628 125,523 The financial statements were approved by the trustees on 1310512026 Rev P R Dawson Trusta• Nlr A Cryer Trustèe
Tiacking10.- 10D16SO-I239476 THE PCC OF ST JOHN WITH ST ANDREW NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policies 1.1 Basls of preparatlon The financial statements have been prepared in accordance with the charity's governing docum8nl, the Charities Act 2011, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Charities SORP Accounting and Reporting by Chanlie5.' Slalemenl of RecommEnded Piacli applicable to ch8rilie5 preparing their gccounts in accordance with the Financial Reporting Slandaril applicable in the UK and Republic of Ireland IFRS 1021 The charily is a Public 88n8fit Entity as defin8d by FRS 102. The charity h8S taken advantage of the provisions in the SORP for charities n(It to prepare a slatemenl of cash flows, The financial slalements have departed from the Charities IAccounts and Reports) Regulations 2008 only to the extènt rèquired to provlde a Irua and falr view. Thls departure has involved following the Slalemenl ol Recommended Practice lor chari118s applying FRS 102 rather than the version ol the Sialemenl ol Recommended Practice which is referred lo in the Regulations bul which has since been wlhdravm. The financial statements aTe prepared in sleding, which is the luncllonal currency E>f Ihe £harily. Monslary amounts in th85e flThancial statements 8r8 round8d to th8 neaTest £. The financial slalemenls have been prepared ut)der the historical cost convention, Imodified to include the rev8lu81ion ol freehold pioperties and to include investment properties and certain financial inslrumenls al fair V8Iu81. The prInp81 accounting policies adopted are sel out below. 1.2 Going concern Al th8 time ol approving the financial sl8lemenls, the Irus18es have a reasonable exp8clalion that the charity has adequate resources to Continue in operational existence for the foreseeable future. Thus the trustees continue lo adopt the going concern basis tsf accounting in preparing the financial statements. 1.3 Charitablp funds Unrestricted funds are available for use al the discretion of the trustees in furtherance of their ¢haritable oblecllves. Reslrieted funds ère subjeet to speeifie conditions by donors or grantors as lo how they may be used. The purpos&s and usès (>f the rÉstiieled funds are sèl out In the notes tts the financial statements. Endowment funds are 5ublecl lo specific conditlons by donors that the capital must be malnlalned by the charity. 1.4 Income Income is recognised when Ihe charily is legally enlilled lo il aller any performance conditions have been rnet, Ihe amL¥ur)Is can be measuied reliably, and il is probable that income will be received. Cash don81ions are recognised on receipt Olher donations 8re recnIsed once the charity has been notified ol Ihe dor)alion, unless performance conditions requir8 d8feiial of the amounl. Incom8 tax recoverable in relallon lo dtsnaltons received under Gift Aid or deeds of covenanl is recognised at the lime of the donation. Legacies are recognised on receipl or otherwise if the charity has been notified of an iMpÈnding distribution, the amDunl Is known. and receipt is expected. 11 the amount is not known. the legacy is treated as a conling8nt ass8t. fjo-
Tratkii)g ID. 10D166D-1230476 THE PCC OF ST JOHN WITH ST ANDREW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policies Iconllhuedl l.S Expendlture Expenditure is recognised once there Is a legal or constructive obligation lo Iransler economic b8nefil to a Ihird party, il is probable that a transfer of economic benefils will be required in seltlemenl, and the amounl of the obligation can be measured reliably. Expenditure is classified by activily. The costs of each activity are made of Ihè total of direct costs and shared costs, including support costs involved undertaking each aclivily. Direct costs attribulable lo a single activity are allocaled directly to that aclivlty. Shar8d costs which contribute lo more than one activity and support costs which are not allribul3ble to a single activity are apportioned belween those activities on a basis consistent wllh the use of reSoUrs. Central staff costs are allocated on the b85is of lime spent, and depyecialion charges are allocated on the portion of Ihe asset's use. Individual items of 2quipm8nt wlh 3 purchase price of £1,50D or less are wrilten off when the asset is acquired. 1.8 Flxèd assèt Investments Fixed asset investments are initially me3sured at transacllon price excludir)g transaction cosls, and are subsequently measured al fair value at each reporting dale. Chanoes in fair value are recognised in nel incomellgxpenditurel for the year. Transaction costs are 8xpen8ed as incurr8d. 1.7 Cash and cash equlv8lènts Cash and cash equivalBnts include cash in hancl, depDslts held at call with banks, other short.lerm liquid investment5 wllh origin31 maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within boirowings in current liabllities. 1.8 Flnancial Inslnjments The charity has elected lo apply the provisions of Sect 11 'Basic Financial Instruments, and Section 12 'Other Financial Inslrumenls Issues, of FRS 102 to all of ils financial instmmènts. Financial insliumenls aTe r8cognised in the charity's balance sheet when the charily beoomès paty to lh6 conlraclua5 provisions of the instrument. Financial asseis and liabilities are offset, with the nel amounts presented in Ihe financlal slalemenls, when Ihere is s legally enforceable right to sel off the recognised amounts and there is an inlenllon to seltle on a net basis or lo re81ise the asset and sellle the liabllity simullaneously. 3asic flnanclal assefs Basic financial assEls, which include debtors and cash and bank balances, are Initialw measured at transaction prlce including Iransaelion costs and are subsequently ¢8rried 81 amortised cost using the effective interest methDd unles5 thè atrangement conslilutes a financing transaction, where the Iransaclion 15 measured al the present value of lh8 fLJlure receipts discounted al a market rale of int8r8sl. Financial assets classified as receivable within one year are not arnortised.
Tracki10. 1001660-1239476 THE PCC OF ST JOHN WITH ST ANDREW NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDJ FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policles Icontlnuedl Basic financial liabijilies Basic financial liabililies, includin9 creditors and bank loans are initially recognlsed at transaction price unless the arrangement conslitules a fin8nGing transaction, where the debt instrument is measured 31 the presenl value of the future payments discounled al a market rate of inleresl. Financial liabilities classified as payable within one year are not 2mortised. Debt instruments are subsequently carried al amortised cost, using the effective Interest fate method. Trade credltors are oblig8lions lo pay ftsr goods or seNie85 that h8V8 be8n acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities il paymerit is due wilhin one year or less If v)ol, they are presented as non-current liabilities, Trade creditors are tecognlsed initially al transaction price and subsequently measured al amortised cost using Ihe effecllve interest method. 08r8cognition of financial liabllltl8S Financlal Ilabllille5 are derecognised when the charity's contiactual ablig31ions expire or are discharged or cancelled. 1.9 Employee benèflts The cost of any unused holKJay Èn11118m8nt is r8cognised in the period in which the employÈ6's servlces are received. Termination b8nefi15 8re recognised immediately as an Èxpense wh8n the charity is demonstrably commilled to lerminale the employment of an employee or to provide termlnation benefits. Crltlcal accounting estlmales and Judgements In th8 app]icalion of the charity's accounting pollcles, the truslees are required to make judgemen15, estimates and assumption5 about the carrying amount ol assets and liabilities that are not readily appar8nl from other sources. The estimates and associated assumptions are based on historit21 experience and other factDrs that are considered lo b8 relevant. Actual resulls may difter Irorn these estimat9S. The estimates and underlying assumplioTrs ar8 r8viewed on an ongoing basis. Rewsions lo accounlln eslimales are recognised in the period in which thè estimate is revised where the revision affects only that period. or In the period of thg revislon and lulure periods where the revision affects both ¢uirent and future perlods. Income from donatlons and lègaclès Unrestylcled Restrlctèd funds funds 2025 2025 Totsl Unrestricted Resl¥icted funds funds 2024 2024 Total 2025 2024 Donations and gifts 61,777 291,479 353,256 86.865 50.845 137,710 12-
Tracklny ID.. 1001660-1239476 THE PCC OF ST JOHN WITH ST ANDREW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Income from donations and legacie5 (Continued) Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restr5eted funds funds 2024 2024 Total 2025 2024 Donations and glfts Gift aid donations Non glfl aid donations T8x ¥ecover8ble Cash collecllons Sundry donations LPOW scheme income YMCA funding Af4A time reimbursement CGT sUPPOrt Roof donations lineluding VAT refunds) 50,057 8,956 50,057 8,956 51,996 17,404 13,413 1,715 25 2,314 51.996 17.404 13,411 1,715 16.990 5,650 30,544 2,684 eo 2,684 3,741 3,661 16.965 3,336 30.544 72,447 30,195 89,887 72,447 30,195 89,887 95,289 95,289 81.777 291.479 353,256 86,865 50,845 137,710 Income from charilabla activit18$ Unreslrlcted fLfnds 2025 Unreslrlcted funds 2024 Charltable actlvlty Miscellaneous income 2.136 390 2,136 390 UnrestrScted funds UnYe5tricted funds 2025 2024 Mi5cellaneou5 Income MiscellaneoLJS ineDme and events income Fees- lunerals, marriages, banns, etc. 1,203 933 390 2136 390 13-
Tracking ID.- IOD1160-1239476 THE PCC OF ST JOHN WITH ST ANDREW NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 37 DECEMBER 2025 Income from other trading acliviÉie5 Unréstrleted Unyestrlcted funds funds 2025 2024 Fundraising activities 282,916 275,675 Unrestricted Llnrestricled funds funds 2025 2024 R8nlal InGome Hire of Sl Andrew's Hire of Sl John's Midweek and Events income 249,997 33,000 7,202 6.067 232,011 30,210 6.670 6,784 Other Irading activities 296,266 275,675 Income from Investments Unreslricterl Unrestricted funds funds 2025 2024 Rental income Dlvldend 1ncome Interest receivable 13.350 739 193 12,000 93 5,030 14,282 17,123 ExpBndlturè on ralslng funds Unrestricted Unrestricted funds funds 2025 2024 Fundraising and publicity Flat repairs and maintèn2noe 4,607 3,714 14
Tra¢Kiiig ID 1001660.123Q476 THE PCC OF ST JOHN WITH ST ANDREW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Expenditure on charitable activities Charllable actlvlty 2025 Charitablè activity 2024 Direct costs Staff costs Missionary and charitable giving St Andrew'5 cos18 St John's costs Diocesan funds Pr8mises costs Offlce costs Molorllravel costs Events and trips Education costs Roof repairs Other ministry cosls MiRi51ry Irainee suppotl Church weekends and revive Bank Charges Sundries 280,163 40,205 44,031 59,296 17,175 148,933 49,676 59.185 32.622 81,300 3.521 6.643 343 15.872 6.491 4.648 695 18,263 11,746 141,303 33,122 21.752 10,905 798 4,839 12,g29 20.962 8.706 614 2,479 688,941 460,476 Share of support and governance costs Ise8 note 91 Suppc)rt 2,921 9,878 691,862 470,354 Analys15 by fund Unrestricted funds Reslricled funds 400,383 291,479 419.509 50.845 691,862 470.354 Support costs allocated to activit185 2025 2024 Governance costs 2,921 9.878 Analysed betw88n'. Ch8ril8ble 8clivily 2,921 9,878 15-
TfJ¢ki(Ig ID. I(M)IG60-1239476 THE PCC OF ST JOHN WITH ST ANDREW NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Support cos1$ allocated to aclivitles Iconllnuedl 2025 2024 Governance costs comprlse.. Independent examination fees Legal and professional 1,734 1.187 1,650 8,228 2,921 9,878 10 Net movement in funds 2025 2024 The nel movement in funds is staled after chaigingllcreditingl.. Fees payable lor th6 independent examinalion of the charity's financial statements 1,734 1,650 11 Employees The average monthly number of ernployees during the year was.. 2025 Number 2024 Numbèr Employees Employment costs 2025 2024 Wages and salaries 280,163 148,933 Barbara Sherwood received donations from the Church of £2.400 12024.. £2,400) for her and her husband's work supporting pastors Ihroughoul Africa. As Senior Pastor, Revd Andy Mason received a salary of £33,29112024.' £32,027) plus p8nslon conlrsbulions of £8,32312024.. £8,007), aocommodalions costs ol £1,25512024.' £1.34018nd expens8 reSmbursemenls of £22612024.. £5501 for travel aF)d resources. As Office Adminislralor and Church Worker, Rhoda Hunter was paid a salary of £34,08712024'. £31,507> plus pension conlribulions of £5,11312024.. £4,48318nd expensg reimbursemenls or £61 12024.. 1,4001 for travel and resources. As Church Worker, Barbara Ofori Boateng was paid a salary 01 £12,052 12024.. £11,140) plus pension conlribulions of £1,80812024.' 1,6711. As Pastor in TrainSng, Floiian Guillot was paid a salary of £29,70412024'. £15,366) and pension contributions of £4,45612024'. £2,299). As the PCC member lor oversighl of buildings works, Nlgel Rendell received expense reitnbursomenls of £4,389 for repairs and rnainlenance. 16-
Tiacking ID.- 1001G60-1239476 THE PCC OF ST JOHN WITH ST ANDREW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 11 Employee$ IContinued} There were no employees whose annual remuneration was more than £6Ql,000. 12 Galns and losses on investm¢nts Unr8strlclad Unrestrlct•d funds funds 2025 2024 Gainslllossesl arislng on.. Sale of investments 116} 1751 13 Taxation The charity Is exempt from taxation on ils activities because all ils incotne Is applied lor charflable purposes. 14 Fixed asset investments Add Investments 1 Cost or valuation Al 1 January 2025 Disposals 2,041 12,0411 Al 31 December 2025 Carrying amount Al 31 D&cemb8r 2025 Al 31 December 2024 2,041 15 Debtors 2025 2024 Amounts falling due wlthln one yèar.. Trade debtors Other debtors Prepayments and accrued Income 7,416 6,126 1,618 151 4,496 1,575 15,160 6,222 17
Trackii)J ID. 1001660.1239476 THE PCC OF STJOHN WITH ST ANDREW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 16 Loan5 and ovBrdraft8 2025 2024 Bank loans 12,000 Payable within one year Payable after one year 6,000 6,000 The Co-lvlission Network prcivided an interesi Iree loan of £12,000 to finance Ihe refkjrblshmenl ol the gyrn at SI John's. The loan will be repaid over 24 monthly rèpaym2nts of £500 beginning January 2026. 17 Creditors.. amounts falling due within one year 2025 2024 Notes ank loans Other taxation and soc181 securily Other creditors Accruals and deferred income 16 6,000 7,230 21,868 4,446 6,537 14,438 12,879 39,544 33.854 18 Creditors.. amounts falllng due after more than one year 2025 2024 Notes Bank loans 16 6,000 18
Ti2cking10. 100 IB60_1219476 THE PCC OF ST JOHN WITH ST ANDREW NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 19 Funds The Restricted Funds Gomprise the following,." 'Th6 AM time relmbursement fund eonslsls ol a contribution from the Co-mission church planting n8twork for his lime as Co-mission's Director of Training, znd a conlribuliDn from Crosslands lor luloring and training. The YMCAlunding is lo support youth work in th8 Parish 'The Sychar funding is a gr8nl to support the salaries. training and development of Ihe Wornen's Minislry workers. The Chelsea Gospel Trust funding is a grant to support the employment. Iralning and developmttnt of church workers directly involved in evangelisrn and outreach activilies in the local cornmunily. The other reslricled funds were all donation5 foi a particular cause or evenl. and weie spent in full in the year. The roof repair fund related lo works carried out on the vestry flat roof The 10121 cost of Ihe repalrs, Including all associated con5u5tancy lees. exceeded £145,000. An appeal was launched lo raise contributions towards Ihcsc costs, and the ie131ed incotne was recorded separately. Tlie Designated Funds comprise Ihe following.'_ The receipts from the sale of the 377 C of E shares in 2023 which are lo be used lo fund the church roof repairs. 20 Unrestrl¢t¢d funds The unreslricled funds of the Charity comprise the unexpended balances of donatlon5 and grgnls which are nol subjecl io specific coiiclilions by donors and grantors as lo how they may be used. These include designated funds which have been set aside out of unreslricled funds by the trustees for specific purposes. At 1 January 2025 Incoming resources Resources expended G3lMS and losses At31 December 2025 Designated fund- Roof repair General funds 7,926 117,597 17.9261 1397.0641 361,111 1161 81.628 125.523 361,1fj1 1404,9901 1161 81,628 Previous year: At 4 January 2024 Ineoming resources Resources expended Gains and losses At31 Dectmber 2024 Designated fund- Roof repaiT General funds 7.926 160,842 7.926 117,597 380,053 1423,2231 1751 188,768 380,053 1423,2231 1751 125,523 21 Related party tran5actlohS 19.
Tracking ID. 1001560-1239d76 THE PCC OF ST JOHN WITH ST ANDREW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 21 Related party transactlons Iconllntjedl During the year £5,000 was received Irotn the London Good Stewards Trust as a grant to support Ihe employment and training ol a Ministry Trainee. Victoria Dare, who is a Trustee, is also a Trustee of London Good Stewards Trust. Mrs Cindy Nardoni was èppointed as a Trustee during the year and is marrled lo a full-tiwe etnp1oyed member ol staff, Darren Mardoni. 11 should be noled that Mrs Nardoni is not involved in setting the remuneralion or olherwlse with regards to the employment ol hèr husband. The PCC requires all Trustees who are themselv8s employecl members ol staff or who ar9 related to employed members ol staff are recu58d Imm discu%8ions and voting on all matters relating lo staff. 20-
Tiacking ID- 1001680_1239477 The PCG ol Sl John with St Andrew Chelsea Parish Office St john's Church Centre 461 KinES Road London England SW10 OLU BK Plus Ltd 52 St Johns Lane Halifax West Yorkshire HX12BW The folloqng repr6sBnt8tions are made on the basis ol enquiries (Jf management and stafl with relevant knowledge and experience such as we consider necessary in connection with your independenl examination of the charity's fin8n¢ial st8tements for the year ended 3111212Q25. These enquiries have Included inspection of supporting doGumentation where appropriate and are sufficient to satisfy ourselves that we can make each of the following represent8tions. All representatic>ns are made to the best ot our knowleclge and belief. fjeneral 1. We acknowledg8 that the work performed by you is substantially less in scope than an audit performed in accordance wlih Internation81 Standards on Auditing IUKI and that you do not express an audit opinion. 1. We conlirm that the charity was entitled to exemption under section 144 of the Charitios Act 2011 th8 requirement to have its financial statements lor the financial year ended 3111212025 audited. 2. We have fulfilled our responsibilities as trustees as set out in the terms of youi engagement letter clated 2410212026, under the Charities Act 2011 tor preparir)g financi81 statoments In accordance with 8pplicable law 2nd United Kingdom Accounting Standard8 Iunited Kingdom Generally Accepted Accounting Practicel, for being satlsf18d that they give a true and fair view and for making accurate representations to you. 3. All the transactions undertaken by the charity have been properly reflected and recorded in the accounting records. 4. All the accounting records have been mad8 available to you for the PLirpose of your independent examination. We have provided you with unreslrictect acce38 to all appropriate PBrsons within the Gharity, and with all other records and related information requested, including minute5 01 all management and trustee meetings and correspondence with The Charity Commission. 5. The financial statements are free ol material misstatements, including omissions. 6. The effects ol uncorrected misstatéments are immaierial both individually and in total. As.8£lDLlb.l1ltleS 7. The Gharity has satisfactory title to all assets and there are no liens or encumbrances on the ch8rity'$ assets. except lor those that are disclosed in th8 notes to the financial statements. 8. All actual liabilities, contingent liabilities and guarantees given to third parties have been rerordBd or disclosed as appropriato. 9. We have no pl8ns or Intentions that may materially alter the carrying value and. where relevant. the fair value measurements or classification ol sssets 8nd liabilities reflected in the financial Statements.
Trackinu ID.. 100166U-123g477 10. The methods, data and significant assumptions used by us in msking acttounting estim8tes, and their related disclosures, are appropriate to achieve recognition, measurement and disclosuie that is reasonable in the context of the 8ppIIc8ble fln8ncSal reportlngframework. 11. The charitable company has not granted any advances or credits to, or made guarante6s on behalf of, directors other than those disclosed in the financial statements. LogaLoLaims 12. We have disclosed to you 811 ¢18im$ in connection wlth Iltigation that have been. or are expected to be, received and such matters, as appropriate, have been properly account6d lor and disclos8d in the financlal statements. 13. We have disclosed lo you all known instances ot non-compllance or suspected non-compliance with laws and regulations whose effects should bs considerod when preparing the financial statements. Rolated pa_rtles 14. Rel8led party relatlonships and transactions have been 2ppropriately 8cGounted for and disclosed in the finarn¢i81 statements. We have disclosed to you all relevant information ¢onGerning such relationships and transactions and are not aware of any other matters which requile disclosure in order to comply wlth legislativ¢ and a¢¢ounting 8tandards requiremBnts. 15. All cvcnts subsequont to the date of the financial statements which require adjustment Of disclosure have been properly accounted for and disclosed. 16. We believe that the charity's financial statements should be prepared on a going concern basis Dn the grounds that current £nd future sources ot funding or support will be more than adequate for the charity's eeds. We have considered a period of twelve months from the date ol approval of the financial statements. We believe that no further disclosures relating to the ¢harity's gbilily to Gontinue as a going conc8rn need to be made In the financial statements. Grant&anfLdonatiLll 17. All grants, donations and other income, the receipt of which is Subject to specific terms or conclitions, have been notified to you. There have been no breaches of terms or condltions in the 8ppliGation of such income. Yours faithfully, Paul D(U5& 1810512026 Rev P R Dawson Signecs on behalf ot the board of trustees Dated