Annual Report & Financial Statements of the Parochial Church Council of St Anne’s Church, Soho 2025 


~~PRESENTED 10~~[TH] ~~MAY 2026~~ 



## **FULL PAROCHIAL NAME** 

St Anne with St Thomas and St Peter, Soho in the Diocese of London Registered Charity No. 1132589. 

## **ADDRESS** 

St Anne’s Church 55 Dean Street London W1D 6AF 

020 7437 8039 www.stannes-soho.org.uk info@stannes-soho.org.uk 

## **LEGAL ADVISOR** 

Diocesan Registrar The Old Deanery Deans Court London EC4V 5AA 

## **DIOCESE OF LONDON** 

London Diocesan House 36 Causton Street London SW1P 4AU 

020 7932 1100 

## **INVESTMENT MANAGERS** 

CCLA Investment Management Ltd 80 Cheapside London EC2V 6DZ 

## **INDEPENDENT EXAMINER** 

Independent Examiners Ltd The Grain Store Hills Barns Appledram Lane South Chichester PO20 7EG 

## **PARISH RECORDS AND ARCHIVES** 

The records are deposited in the Westminster City Council Archives: 

City of Westminster Archives Centre, 10 St Ann's Street, London SW1P 2DE 

020 7641 5180 archives@westminster.gov.uk 

## **SOLICITORS** 

Harper James 10 Fitzroy Square London W1T 5HP 

The Soho Collection for St Anne’s includes: 

- Vestry Minutes 1685-1903 

- • Parish Registers 1686-1940 • Churchwardens Accounts 1687-1875 • Poor Relief, Workhouse etc. 1686-1900 

## **BANK** 

CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ 



||CONTENTS||
|---|---|---|
|`o`|OFFICERS OF THE CHURCH|4|
|`o`|RECTORS REPORT|5|
|`o`|CHURCH WARDEN’S REPORT|6 - 7|
|`o`|SAFEGUARDING REPORT|8|
|`o`|ELECTORAL ROLL|8|
|`o`|REPORT ON ACTIVITIES OF THE PCC|9|
|`o`|DEANERY SYNOD REPORT|10|
|`o`|TREASURERS FINANCIAL REPORT|11 - 14|
|`o`|ANNUAL REPORT AND|15 - 26|
||FINANCIAL STATEMENTS||
|`o`|SUPPORTING ST ANNE’S|27 - 28|





## **CHAIR OF THE PCC** 

REVD SIMON BUCKLEY 

## **PCC SECRETARY** 

JAKE LEE 

## **EX OFFICIO MEMBERS OF THE PCC** 

REVD MARTHA PENNEL -  Curate NIGEL PERCIVAL -  Treasurer MARK ALLAN -  Church Warden ROBBIE DRUMMOND -  Church Warden ANDREW MACKAY -  Deanery Synod Representative PHILIP BALDWIN -  Member of General Synod 

## **ELECTED MEMBERS OF THE PCC** 

HEIDI ZAMZOW (elected 2023) LUCY HAINE (elected 2023) MARK COLLINS (elected 2024) STEPHEN TOMASIEWSKI (elected 2024) GAVIN GERRARD (elected 2025) 

4 



Rector’s Report 

2025 was marked at St Anne’s by a steady stream of activity rather than big events or highlights. 

That a year in which Masai Warriors and Basil Brush perform in our hall and in which the congregation had a private tour of Lambeth Palace (before, I hasten to add, knowing who its next inhabitant would be) should be considered ‘unremarkable’ perhaps says something about our parish! Along the way we supported a theology student in Kenya and had an afternoon out visiting three churches in the Deanery. We supported our Parish School with a grant of £10,000 and raised funds for Christian Aid and City Harvest London, showing our commitment to people local and far afield. We welcomed an ordinand on training, and several guest preachers, celebrated Yvonne’s 100th birthday and blessed school bags at the start of the school year. We showed care for the bereaved at our monthly grief café and cut cake for anyone who walked into our Tuesday Tea. We served approximately 1800 meals to senior citizens and prepared people for confirmation and first Holy Communion, baptised and buried others and held approximately 280 public acts of worship. Just an ordinary year in the life of St Anne’s! 

If people are the ‘living stones’ of the church, then as it approaches its 339th year this church is very much alive. The increasing number of people sharing in worship on an average Sunday (and record numbers at Christmas), finding support in meetings here, making Sacred Grounds their coffee-shop of choice and engaging with us and being helped by us, are all proof of our vitality. 

It takes the grace of God and the commitment of the people of St Anne’s for us to live up to the words engraved on our glass doors ‘The Church of England serving the Community’. I am deeply grateful to all who, in different ways, enable us to try and do this and, with me, share in the ministry of sharing the love of God revealed in Jesus Christ through the service of our neighbours near and far. To all who make this church what it is I give heartfelt thanks. 

## Fr Simon 

5 



Church Wardens Report 

2025 has been a year of steady achievements: our varied congregation has continued to grow culminating in two of our Christmas services having the largest congregations in decades. The PCC continues the discussion on how best to squeeze that number in the church. St Anne’s has maintained an active and transformative presence within Soho. “Sacred Grounds” has continued to expand and its atmosphere and attention to quality and service has been a vital sector in the church’s work. The business will we trust continue to expand as Jake Lee, our operations director moves, in July 2026, to manage and develop “Sacred Grounds.” Jake has been consistently hard working and always invested in his role as Operations Manager, and we feel his role in the coffee shop will enable it to grow substantially. 

## **Chattels** 

As the official and legal guardians of the chattels and silver of St Anne’s, we can report there is no change from the details reported last year. 

## **Building Structure** 

- 2024 saw a Quinquennial Inspection of all the buildings that comprise St Anne's Church. The report is available from The Parish Office. 

- The very few issues that were rated as needing urgent attention were dealt 

   - with immediately. 

- The less urgent/non urgent remainder are being dealt with as ongoing work as funds allow. 

- Rectory Roof: This issue does not come under the 2024 Quinquennial Inspection. 

Maintaining and repairing the Rectory is the responsibility of the Diocese. (The PCC being responsible for decorating it, and the Rector for furnishing it) 

The roof and upper storey remain in need of substantial repair and possible replacement (possibly Spring 2027).  At the time of writing this report, a way forward is still under discussion - the unique construction of the concrete roof structure being somewhat problematic. Whilst the work is essential, the rectory is not deemed to be actually unsafe. 

When this work does happen, it will undoubtedly be disruptive to the normal running of St Anne's. 

It will also be a considerable inconvenience to the Rector who, it is proposed, will need to be rehoused. 

In 2025 work continued on the necessary archaeological and arboricultural work required by the council and the diocese for us to make our gardens accessible, and this work should begin in the summer and be completed before the autumn. 

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## **Property Assets** 

All our properties are currently let to long term tenants. 

The Church continues to let out its other usable spaces to local groups and businesses. 

No property was gained or disposed of. 

We are extremely grateful to: 

- Jake Lee, Operations Manager, who has been outstanding in his support. 

- Matthew Ward for his efficient and good-natured performance as the Community & Events Coordinator. 

- Steve Linale, our Maintenance Technician, who has worked with us to maintain the space here at St Anne’s. 

- Nigel Percival, PCC Treasurer, for his wise counsel. 

- The PCC for their continuing support and guidance. 

- Father Simon for his diligent guidance and support. 

- We wish Rev Martha all good wishes for her next vocational step in the knowledge of the fondness of the congregation for her; and our gratitude for her unstinting dedication to our church. 

## Robbie Drummond & Mark Allan 

## **Churchwardens** 

7 



Safeguarding Officer’s Report 

Jennifer has continued to undergo safeguarding training and has completed the dashboard for parish safeguarding. 

The Diocesan Safeguarding Advisor supported us in responding to four safeguarding incidents in 2025. 

1. A string of intrusive and personal emails to Fr Simon that he received from someone who had come to St Anne’s, and that he has written to ask him to desist 2. 

both members of the clergy have been in contact with the DSO, regarding two individuals who come into St Anne's occasionally. This is out of a regard for the wellbeing of the individuals, the wider congregation and safety of all members of staff. 

The DSO advised St Anne's over clear procedures to ensure the safety of those attending St Anne's, which are being implemented and followed, whilst also recognising our duty of care for those who have been referred to the DSO. 

The PCC will review its Safeguarding policy at its meeting after the APCM, as it is required to do, and recognises the importance of ensuring St Anne’s is a safe place for all - especially children and vulnerable adults. 

Jennifer Cox **Safeguarding Officer** 

## Electoral Roll Officer’s Report 

A new electoral roll has been prepared as of 26 April 2026. 

The new roll shows 65 parishioners, comprised of: 

45 non-resident 20 resident 

Gavin Gerrard **Electoral Roll Officer** 

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Report on the Activities of the PCC 

The PCC met six times across 2025. The following Standing Items were discussed at every meeting: 

- Safeguarding 

- Electoral Roll 

- Finance & Budget 

The following matters were discussed or agreed at meetings during the year: 

- Sacred Grounds, including governance, staffing and financial sustainability 

- Disabled access to St Anne’s Gardens 

- Mission Action Plan, with a focus on “Growing Younger” 

- Soho Parish School and ongoing support for the school 

- Staffing restructuring and appointments in the Parish Office 

- Review and adoption of safeguarding and other parish policies 

- Airspace licences and recovery of historic licence income 

- Review of the church’s Independent Examiner arrangements 

- Common Fund contribution and longer-term financial planning 

- Social media and communications strategy 

- Support for children’s ministry and the appointment of a Children’s Champion 

- Planning for major services, festivals and parish events 

Jake Lee **PCC Secretary** 

9 



Westminster (St Margaret) Deanery Report 

Westminster St Margaret’s Deanery Synod met three times during 2025. The first meeting, held in January at one of our deanery schools - Burdett Coutts - focused on governance matters and a wide- ranging discussion about the future of the Church of England: people’s hopes and fears at a time when it feels increasingly polarised. The second was the annual Deanery Garden Party in June, held jointly with the City Deanery at the Temple Church after evensong which was attended by the Bishop of London. The third, held in October at StJames’s Piccadilly, covered education and church schools, an update on the major restoration project at St James’s, and environmental and sustainability initiatives.  At that meeting a new innovation was ending our meeting with a short time of prayer, using the ancient night office of Compline, before a time to socialise with the other members of the synod who often come from churches in quite different contexts, even within our one deanery, and of different traditions. 

All meetings were chaired by the Revd Simon Buckley, who had assumed the role of Area Dean at the request of Bishop Sarah in February, serving alongside Richard Carter as Lay Chair and Revd John Pearson Hicks (St Barnabas, Pimlico) as Area Sub Dean. 

St Anne’s Representative on the Deanery Synod is Andy Mackay. 

The Deanery comprises twenty-three churches, eleven schools, six university chaplaincies, the chapels of two inns of court and Westminster Abbey. It stretches between Pimlico and St Giles in The Fields. 

Andrew Mackay 

## **Deanery Synod Representative** 

10 



Treasurer’s Report 

The audited figures for income and expenditure at St Anne’s are set out in detail in the Statement of Financial Activities commencing on page 4. These provide a detailed breakdown of the income and expenditure for the year ended 31st December, 2025. Those Financial Statements have been examined by a qualified Independent Examiner as required by the Charities Act. 

**Income & Expenditure Overview** 

||||
|---|---|---|
||**2024**|**2025**|
|**Income**|£ 375,581|£ 399,258|
|**Expenditure**|£394,601|£456,516|
|**Income versus Expenditure**|-£19,020|-£57,258|



The Financial Statements report a deterioration in St Anne’s financial position in 2025 compared with 2024. While this was disappointing it was not unexpected. Some unforeseen staff changes resulted in additional costs. Additionally, the payment plan agreed with Sacred Grounds was only in its first stage in 2025. A restructuring of staff roles and the implementation of stage two of the Sacred Grounds payment plan are expected to realise a significant improvement in 2026 although a small year-end deficit is expected. St Anne’s cash position is, and is expected to remain, satisfactory. 

## **Unrestricted & Restricted Funds** 

All income received and expenditure undertaken is for the ministry and support of St Anne’s. Most income received is “unrestricted”, meaning that it can be used on any activity as determined by the PCC. Sometimes we are given funds for a specific task and these are known as “restricted” funds to be used only for the purpose for which they have been given. Details of the breakdown between unrestricted and restricted funds is provided on page 10 of the report. 

## **Budget** 

The budget is a financial plan that outlines expected income and expenses over a specific period of time. The annual income and expenditure budget is considered and approved by the PCC at the start of the financial year, taking into account known and expected future changes in costs and income in the year ahead. 

The budget is somewhat different to these Financial Statements. Unlike the Financial Statements, the budget does not include adjustments for “accruals” - costs incurred and income generated in 2025 that have yet to be processed through St Anne’s bank account (for example, the cost of electricity used and the payment of outstanding invoices). The budget also does not factor in “asset depreciation” - the accounting mechanism used to reflect the fact that the value of capital purchases (for example, of computing equipment) diminishes over time. The budget is, however, a useful tool 

11 



for assisting St Anne’s to track our financial resources and prioritise spending, as well as to achieve our goals. 

Ongoing income and expenditure are reviewed against the budget at each meeting of the PCC. Relative to that agreed budget, the 2025 year-end position was somewhat better than had been expected. 

## **Income** 

There are no central funds, either from the Church of England, the Government or any other source, to support the day-to-day functioning of parish churches. All the activities undertaken by St Anne’s are funded from income from four principal sources: 

- Collections at services and donations. 

- Short-term hire of the Hall, Allen and Tower rooms. 

- Long-term rentals and investments. 

- Grants in support of specific activities 

Room hire income remained fairly steady in 2025 notwithstanding the mid-year decision by an important client, “Night Stars”, to relocate its activities. There was a substantial fall in donations arising from the receipt in 2024 of a one-off gift that was not (and was not expected to be) repeated. The 15% drop in covenanted income (namely, regular giving by the congregation) is a concern. Income from long-term rentals increased owing to a back-payment of airspace rental income. Although that was one-off, work has been commissioned which, it is hoped, will increase future income from businesses whose equipment extends into St Anne’s airspace. 

## **Expenditure** 

The two biggest calls on the funds of St Anne’s are our commitment to the London Diocese “Common Fund” which in 2025 was £100,000 (2024 - £94,000) and staff and administration costs. 

The Common Fund is money given by every parish in the Diocese of London to a central “fund”. It is collected from parishes like St Anne’s, to pay and support clergy, and to further the work of the Diocese in all parishes across London (hence the name Common Fund”). As in previous recent history, in 2025 St Anne’s paid in full the Common Fund contribution requested by the Diocese. 

Following a mid-year reorganisation of staff, which led to the deletion of an Administrator role, at the end of 2025 St Anne’s employed an Operations Manager (full-time), a Community and Events Coordinator (full-time), as well as Premises Assistant (part-time), Maintenance Technician (part-time) and a Cleaner (part-time). While not an employee as such, throughout 2025 we supported the curate in full by way of our contribution to the stipend and costs, supplementing a grant provided by the Diocese. The staff costs in 2025 were higher than in 2024, largely due to additional costs incurred before the staff head-count was adjusted. 

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## **Other Expenditure** 

Apart from the Common Fund, and staff and administration costs, which traditionally make up the bulk of the expenditure, there have been on-going cleaning, repairs, renewals and building maintenance work which has incurred both planned and unplanned expense. 

## **Sacred Grounds Coffee Shop** 

The payment plan agreed with Sacred Grounds in 2024, to support this popular community coffee shop at 54 Dean Street, was implemented in 2025 and remains on-track. 

## **Bryan Burroughs Fund & Other Restricted Funds** 

Bryan Burroughs was a great supporter of St Anne’s and was instrumental in getting the Church rebuilt in the 1990s. When he passed away one of his legacies to St Anne’s was a cash sum for the upkeep of the clock. This is known as the Bryan Burroughs fund. At the end of 2025, the balance in that fund was £5,096. The other restricted funds received in 2025 were support towards the Curate’s stipend, and an initial grant from the Westminster City Council Community Investment Levy (CIL) to fund a lift to facilitate access to St Anne’s Gardens for people with impaired mobility. A larger CIL grant is expected to be received in 2026 to cover all costs associated with installing the lift. 

## **Charitable Giving & Support** 

St Anne’s supports the local community and charities further afield in a variety of ways including providing cash donations. The primary focus for giving in 2025 was Soho Parish School. In addition, St Anne’s provided free or reduced room hire to a number of charity and community organisations. Full details are included in the audited accounts and financial statements. In addition, the St Anne’s community supported a number of ad hoc requests for donations in support of a number of organisations, including City Harvest London and UNICEF. 

## **Investments & Reserves** 

St Anne’s invests funds through CCLA who are one of the UK's largest charity fund managers. They only manage investments for charities, religious organisations and the public sector and are largely owned by clients' funds. In addition, we hold some money on short-term deposit to cover our obligations to re-decorate the Rectory from time to time. All investment and reserve funds form the St Anne’s ‘reserve funds’ and these are held in trust by the PCC. 

The investment capital is held as St Anne’s financial reserves and short-term deposits. We do this in order to have funds available at short notice to cover significant repair or other unforeseen costs. The PCC reviews these each year to ensure that adequate funds are available without losing out on any potential investments. 

Details on the change in the value of St Anne’s investments and its reserves at the end of 2025 are included in the Financial Statements. 

13 



## **Gift Aid** 

St Anne’s is grateful for financial support by way of donations and, as a registered charity, can claim back from HMRC 25% of the value for all donations made by UK taxpayers (providing the donor has paid enough tax to cover all of their charitable donations and not just the donations made to St Anne’s). If you donate (regularly or otherwise), you are encouraged to do it by way of Gift Aid. 

## **Bank** 

We currently bank with the CAF (Charities Aid Foundation) bank. This bank is expressly focused on charity banking and provides a number of useful facilities to ensure both transparency and ease of management of St Anne’s funds. 

## **Risk Management & Financial Control** 

It is vital that, as both a church and a charity, St Anne’s is transparent in financial matters. 

The Treasurer and PCC regularly review major risks to which we are exposed and the procedures and systems in place to manage these. Controls in place at St Anne’s help ensure that purchases have been authorised, and that the goods or services ordered have actually been received. 

I am confident that, with the methods and procedures in place at St Anne’s, we can demonstrate both transparency and accountability for all our funds. As a result, opportunity for fraud, dishonesty or error is minimised. 

In conclusion, I would like to thank our staff and the officers of the church in 2025, for the dedicated and efficient manner in which they have overseen the finances, and to all those who gave freely in support of St Anne’s throughout the year. 

## **Charity Responsibility** 

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. They do this as trustees of the charity and I am grateful to them for their oversight and guidance during 2025. 

## Nigel Percival 

## **PCC Treasurer** 

14 



# **ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025** 

# **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANNE WITH ST THOMAS  AND ST PETER, SOHO** 

**REGISTERED CHARITY NUMBER: 1132589** 

Independent Examiners Ltd The Grain Store Hills Barns Appledram lane South Chichester PO20 7EG 

1 



## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANNE WITH ST THOMAS  AND ST PETER, SOHO** 

||**CONTENTS**|
|---|---|
|Page 3|Legal and Administrative Information|
|Page 4|Independent Examiner's Report to the Trustees|
|Page 5 to 7|Trustees' Annual Report|
|Page 8|Statement of Financial Activities|
|Page 9|Balance Sheet|
|Pages 10 to 17|Notes to the Financial Statements|



2 



## **INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS** 

This report on the financial statements for the PCC of the Ecclesiastical Parish of St Anne with St Thomas and St Peter Church, SOHO for the year ended 31st December 2025. 

## **Respective Responsibilities of the PCC and the Examiner** 

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

It is my responsibility to: 

- examine the accounts under section 145 of the 2011 Act; 

- follow the procedures laid down in the general Directions given by the Charity Commission under 

- section 145(5)(b) of the 2011 Act; and 

- state whether particular matters have come to my attention. 

## **Basis of Independent Examiner's Report** 

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and 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 no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement 

Since the PCC of the Ecclesiastical Parish of St Anne's Church, SOHO 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 fellow member of the Association of Charity Independent Examiners, which is one of the listed bodies. 

## **Independent Examiner's Statement** 

I have completed my examination. I confirm that no 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 PCC of the Ecclesiastical Parish of St Anne with St Thomas and St Peter Church, SOHO as required by section 386 of the 2006 Act; or 

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

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or 

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities. 

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. 


Signed : 

Date : 17.6.26 K Gomes FCIE MAAT Independent Examiners Ltd The Grain Store Hills Barns Appledram Lane South Chichester PO20 7EG 

3 



## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANNE WITH ST THOMAS  AND ST PETER, SOHO** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2025** 

|**Notes**<br>**INCOMING RESOURCES**<br>Donations & Legacies<br>**3a**<br>Activities for Generating Funds<br>**3b**<br>Charitable Activities<br>**3c**<br>Investment Income<br>**3d**<br>**TOTAL INCOMING RESOURCES**<br>**RESOURCES USED**<br>Cost of Charitable Activities<br>**4a**<br>**TOTAL RESOURCES USED**<br>**NET INCOMING RESOURCES**<br>**NET MOVEMENT IN FUNDS**<br>Balances Brought Forward Restated<br>Revaluation gains/(losses) on investments<br>**BALANCES CARRIED FORWARD**|Unrestricted<br>Restricted<br>**TOTAL**<br>**TOTAL**<br>Funds<br>Funds<br>**2025**<br>**2024**<br>£<br>£<br>£<br>£<br>53,758<br>29,391<br>83,149<br>95,253<br>214,983<br>-<br>214,983<br>209,246<br>98,319<br>-<br>98,319<br>67,161<br>2,806<br>-<br>2,806<br>3,921|
|---|---|
||**369,867**<br>**29,391**<br>**399,258**<br>**375,581**|
||426,787<br>29,729<br>456,516<br>394,601|
||**426,787**<br>**29,729**<br>**456,516**<br>**394,601**|
||**(56,920)**<br>**(338)**<br>**(57,258)**<br>**(19,020)**|
||(56,920)<br>(338)<br>(57,258)<br>(19,020)<br>244,835<br>5,434<br>250,269<br>267,273<br>(1,805)<br>-<br>(1,805)<br>2,016|
||**186,110**<br>**5,096**<br>**191,206**<br>**250,269**|



Movements on all reserves and all recognised gains and losses are shown above. All of the PCC's operations are classed as continuing. 

The notes on pages 10 to 17 form part of these financial statements. 

4 



THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANNE
BALANCE SHE
AS AT 31ST DECEMBER 2025
3141•¢45 314)e¢-24 .
Talyib￿ Asset5
24.711
49*)7
73,918
41021
51.(B7
93.11
P8.757 105.376
87,042 101.WJ
174M 206
Cash at Bart and in Harvj
4&511 39.
12TW 167.161
10.fAXJ
10.IXKI
191206 250
Funds oftho Charity
186,110 244035
1912(A 2YJ
12.at.2

**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANNE WITH ST THOMAS  AND ST PETER, SOHO** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025** 

## **1. ACCOUNTING POLICIES** 

## **a) Basis of Preparation of Financial Statements & Assessment of Going Concern** 

The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations' "true and fair view" provisions. 

They have been prepared under FRS102(2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practise, Accounting and Reporting by Charities (SORP(FRS102)). 

The financial statements have been prepared on the accruals basis. 

## **Consecrated and benefice property** 

In so far as consecrated and benefice property of any kind is excluded from the statutory definition of "charity" by Section 10(2)(a) and (c) of the Charities Act 2011 such assets are not capitalised in the financial statements. 

## **Moveable church furnishings** 

Moveable church furnishings held by the Rector and Churchwardens on special trust for the PCC and which require a faculty for disposal are accounted for as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected at any reasonable time. For inalienable property acquired prior to 2001 there is insufficient cost information available and therefore such assets are not valued in the financial statements. 

## **Tangible fixed assets for use by the charity** 

These are capitalised if they can be used for more than one year and cost at least £2,000. They are valued at cost and depreciated over 4 years. 

## **Investment Assets** 

Investments are valued at market value at 31 December 2025 and unrealised gains or losses are accounted for in the SOFA. 

## **Current Assets** 

Amounts owing to the PCC at 31 December 2025 in respect of fees, rents or other income are shown as debtors less provision for any amounts that may prove uncollectible. 

## **Funds** 

Unrestricted funds represent the general funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purpose of the PCC. 

Designated funds are general funds set aside by the PCC- they remain unrestricted and the PCC will move any surplus to other general funds. 

Restricted funds must be spent on restricted purposes and details of the funds held are shown in the notes to the accounts 

## **Incoming Resources** 

Collections and donations are recognised when received by or on behalf of the PCC. Gift aid is recognised when the income is received. 

Rent from land and buildings owned by the PCC and leased by licence under faculty is recognised when the rent is due. 

Rental income or income from lets to organisations whose aims either accord with those of the PCC or are supported by the PCC is treated as "Income from church activities". 

All other rental income or income from lets is treated as "Income from activities for generating funds" 

## **Resources Expended** 

Grants and donations are accounted for when paid over, or when awarded if that award creates a binding obligation on the PCC. 

Any diocesan quota unpaid at 31 December 2025 is provided for as an operational (though not a legal) liability and shown as a creditor in the Balance Sheet. 

## **Tax Status** 

As a charity, the PCC is exempt from paying income and corporation tax but does have to pay value added tax. 

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## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANNE WITH ST THOMAS  AND ST PETER, SOHO** 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025** 

|**Furniture,**<br>Additions<br>Disposals Gain/ (Loss)<br>At 31 December 2025<br>Charge for the Year<br>Disposals during year<br>At 31 December 2025<br>Net Book Value 31 December 2025<br>Net Book Value 31 December 2024<br>Cost as at 1 Jan 2025<br>Depreciation as at 1 Jan 2025<br>**2. TANGIBLE FIXED ASSETS**|**2025**<br>**Fittings & Equipment**<br>**£**<br>169,400<br>-<br>-<br>**169,400**<br>127,379<br>17,310<br>-<br>**144,689**<br>**24,711**<br>42,021|
|---|---|



The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st December 2025 : None 

|**2 b) INVESTMENT FUNDS**<br>Cost as at 1 Jan 2025<br>Disposals Gain/ (Loss)<br>Closing as at 31 December 2025|**2025**<br>CBF Fund<br>51,087<br>1,880<br>-|
|---|---|
||**49,207**|



The PCC holds 4,145 units in the CBF Investment fund and1,696 units in the CBF Fixed Interest Securities Fund. 

7 



## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANNE WITH ST THOMAS  AND ST PETER, SOHO** 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025** 

|**3. INCOMING RESOURCES**<br>Covenanted Income<br>Collections at Services<br>Grants & Legacies<br>Donations<br>Gift Aid recovered<br>**b) Activities for Generating Funds**<br>South passage rental<br>Airspace rental<br>mobile mast<br>Room hire<br>Tower room Lettings<br>Fund raising<br>54 Dean street rent<br>Vance room rent<br>Electricity recharge<br>Fees for Funerals<br>Other Income<br>Lunch club income<br>Business rates recharged<br>Salary recharged<br>Interest Earned<br>**c) Charitable Activities**<br>**a) Donations & Legacies**<br>**d) Investment Income**|Unrestricted<br>Restricted<br>**TOTAL**<br>**TOTAL**<br>Funds<br>Funds<br>**2025**<br>**2024**<br>£<br>£<br>£<br>£<br>15,922<br>-<br>15,922<br>18,772<br>10,750<br>-<br>10,750<br>9,756<br>11,200<br>29,391<br>40,591<br>38,654<br>7,756<br>-<br>7,756<br>19,640<br>8,129<br>-<br>8,129<br>8,432|
|---|---|
||**53,758**<br>**29,391**<br>**83,149**<br>**95,253**|
||26,640<br>-<br>26,640<br>26,640<br>23,560<br>-<br>23,560<br>10,857<br>18,650<br>-<br>18,650<br>18,450<br>133,086<br>-<br>133,086<br>138,045<br>12,532<br>-<br>12,532<br>12,532<br>515<br>-<br>515<br>2,723|
||**214,983**<br>**-**<br>**214,983**<br>**209,246**|
||31,704<br>-<br>31,704<br>25,995<br>27,420<br>-<br>27,420<br>26,778<br>5,702<br>-<br>5,702<br>4,959<br>1,386<br>-<br>1,386<br>2,949<br>5,825<br>-<br>5,825<br>389<br>6,388<br>-<br>6,388<br>6,090<br>12,610<br>-<br>12,610<br>-<br>7,285<br>-<br>7,285<br>-|
||**98,319**<br>**-**<br>**98,319**<br>**67,161**|
||2,806<br>-<br>2,806<br>3,921|
||**2,806**<br>**-**<br>**2,806**<br>**3,921**|



8 



## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANNE WITH ST THOMAS  AND ST PETER, SOHO** 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025** 

## **4. RESOURCES EXPENDED** 

|Note<br>Diocese Contributions and Church fees<br>Ministry including Hospitality<br>Sanctuary Goods<br>Provisions for Music at Services<br>Lunch Club Expenses<br>Utilities ,Rates, Heat,light and water costs<br>Cleaning & Waste Disposal<br>Small Repairs,Maintainance & Gardening<br>Clock and other major repairs<br>Insurance<br>Legal, Professional Fees and Payroll Costs<br>Independent Examiners Fee<br>Health & Safety<br>Communications, Printing & Stationary<br>Staff Costs<br>11<br>Computer and Photocopy Costs<br>Depreciation<br>Other Costs<br>Donations<br>Capital Purchases<br>Major Projects<br>Training<br>Grants and Donations made<br>**a) Cost of Charitable Activities**|Unrestricted<br>Restricted<br>**TOTAL**<br>**TOTAL**<br>Funds<br>Funds<br>**2025**<br>**2024**<br>£<br>£<br>£<br>£<br>101,292<br>-<br>101,292<br>94,876<br>7,477<br>-<br>7,477<br>3,590<br>8,760<br>8,760<br>8,773<br>10,733<br>-<br>10,733<br>6,800<br>5,005<br>-<br>5,005<br>4,318<br>42,127<br>-<br>42,127<br>25,754<br>17,314<br>-<br>17,314<br>16,518<br>7,942<br>-<br>7,942<br>14,608<br>-<br>338<br>338<br>490<br>6,867<br>-<br>6,867<br>6,842<br>3,912<br>-<br>3,912<br>3,181<br>1,584<br>-<br>1,584<br>1,500<br>8,609<br>-<br>8,609<br>2,807<br>10,188<br>-<br>10,188<br>7,264<br>147,741<br>17,651<br>165,392<br>151,271<br>1,492<br>-<br>1,492<br>2,141<br>17,310<br>-<br>17,310<br>17,382<br>2,351<br>-<br>2,351<br>3,745<br>11,262<br>-<br>11,262<br>12,741<br>4,955<br>-<br>4,955<br>-<br>8,846<br>11,740<br>20,586<br>-<br>1,019<br>-<br>1,019<br>-<br>-<br>-<br>-<br>10,000|
|---|---|
||**426,787**<br>**29,729**<br>**456,516**<br>**394,601**|



9 



## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANNE WITH ST THOMAS  AND ST PETER, SOHO** 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025** 

## **5. RESTRICTED FUNDS** 

|**CURRENT FINANCIAL YEAR**<br>Garden Lift<br>Bryan Burroughs clock fund<br>Curacy Fund<br>**PREVIOUS FINANCIAL YEAR**<br>Bryan Burroughs clock fund<br>**6. CASH AT BANK AND IN HAND**<br>Cash at Bank and in Hand<br>CBF Deposit Fund<br>**7. DEBTORS & PREPAYMENTS**<br>Prepayments and accrued Income<br>Loan - St Anne's Community Café<br>Debtors<br>Sundry Debtor|**Restated**<br>**Balance**<br>**01-Jan-25**<br>£<br>-<br>5,434<br>-|**Balance**<br>Income<br>Expenditure Transfers<br>**31-Dec-25**<br>£<br>£<br>£<br>£<br>11,740<br>11,740<br>-<br>-<br>-<br>338<br>-<br>5,096<br>17,651<br>17,651<br>-<br>-|
|---|---|---|
||**5,434**|**29,391**<br>**29,729**<br>**-**<br>**5,096**|
||**Balance**<br>**01-Jan-24**<br>£<br>5,924|**Balance**<br>Income<br>Expenditure Transfers<br>**31-Dec-24**<br>£<br>£<br>£<br>£<br>-<br>(490)<br>-<br>5,434|
||**5,924**|**-**<br>**(490)**<br>**-**<br>**5,434**|
|||Unrestricted Restricted<br>**Total**<br>**Total**<br>Funds<br>Funds<br>**31-Dec-25**<br>**31-Dec-24**<br>£<br>£<br>**£**<br>**£**<br>80,690<br>-<br>80,690<br>95,240<br>429<br>5,924<br>6,353<br>6,353|
|||**81,118**<br>**5,924**<br>**87,042**<br>**101,593**|
|||Unrestricted Restricted<br>**Total**<br>**Total**<br>Funds<br>Funds<br>**31-Dec-25**<br>**31-Dec-24**<br>£<br>£<br>**£**<br>**£**<br>8,549<br>-<br>8,549<br>13,223<br>54,000<br>-<br>54,000<br>54,000<br>26,318<br>-<br>26,318<br>38,153<br>110<br>-<br>110<br>-<br>-|
|||**88,757**<br>**-**<br>**88,757**<br>**105,376**|



## **8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|Accruals<br>HMRC - Paye<br>Trade Creditors<br>Pension|Unrestricted Restricted<br>**Total**<br>**Total**<br>Funds<br>Funds<br>**31-Dec-25**<br>**31-Dec-24**<br>£<br>£<br>**£**<br>**£**<br>7,021<br>-<br>7,021<br>21,200<br>2,282<br>-<br>2,282<br>4,028<br>31,798<br>-<br>31,798<br>12,000<br>7,410<br>-<br>7,410<br>2,580|
|---|---|
||**48,511**<br>**-**<br>**48,511**<br>**39,808**|



10 



## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANNE WITH ST THOMAS  AND ST PETER, SOHO** 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025** 

## **9. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR ONE YEAR** 

|Unrestricted Restricted<br>Funds<br>Funds<br>£<br>£<br>Loan from Diocese of London<br>**10,000**<br>**10. ANALYSIS OF NET ASSETS BY FUND**<br>Unrestricted<br>Restricted<br>Fund<br>Fund<br>£<br>£<br>Fixed Assets and Investments<br>24,711<br>-<br>Current Assets<br>201,207<br>-<br>Liabilities (due in more than one year)<br>10,000<br>-<br>-<br>**215,918**<br>**-**<br>**11. STAFF COSTS AND NUMBERS**<br>**2025**<br>**£**<br>Gross Wages and Salaries<br>162,159<br>Employer's National Insurance Costs<br>1,163<br>Pension Contributions<br>2,070<br>**165,392**<br>Employees who were engaged in each of the following activities:<br>**2025**<br>Activities in furtherance of organisation's objects<br>6|Unrestricted Restricted<br>Funds<br>Funds<br>£<br>£|<br>**Total**<br>**Total**<br>**31-Dec-25**<br>**31-Dec-24**<br>**£**<br>**£**|
|---|---|---|
||**10,000**|**10,000**<br>**10,000**|
||Unrestricted<br>Restricted<br>Fund<br>Fund<br>£<br>£<br>24,711<br>-<br>201,207<br>-<br>10,000<br>-<br>-|**Total**<br>**Total**<br>**31-Dec-25**<br>**31-Dec-24**<br>£<br>£<br>24,711<br>42,021<br>201,207<br>260,269<br>10,000<br>-<br>10,000<br>-|
||**215,918**<br>**-**|**215,918**<br>**292,290**|
|||**2024**<br>**£**<br>149,384<br>210<br>1,677<br>-<br>**151,271**<br>**2024**<br>5|



The organisation operates a PAYE scheme to pay all employed members of staff and the organisation also employs members of staff on a self employed basis. No employees received emoluments in excess of £60,000. 

## **12. PAYMENTS TO PCC MEMBERS** 

|Number of Trustees who were paid expenses<br>Total Amount paid|**2025**<br>1<br>**1,740**|**2024**<br>-|
|---|---|---|
|||**-**|



Reverend Simon Buckley was reimbursed for expenses incurred for the sum of £1740.No other payments were made to PCC Members or any persons connected with them during this financial period. No other material transaction took place between the charity and a PCC Member or any person connected with them. 

11 



**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANNE WITH ST THOMAS  AND ST PETER, SOHO** 

**NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025** 

## **13. RISK ASSESSMENT** 

The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established 

## **14. RESERVES POLICY** 

The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily. 

## **15. PUBLIC BENEFIT** 

The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake. 

12 



## Support St Anne’s Church 

The Church of England is becoming less able to rely on its historic assets to generate income, so parish churches like ours have to become as self-sufficient as we can and, if possible, help poorer parishes in London. We believe we are making our buildings (and people!) work very hard to generate as much income as possible, but we also need support from our congregation and the people who know us. If you would like to support us then please complete the form below to help ensure that St Anne’s continues its worship, work and witness in Soho. 

## **Standing Order Instruction** 

Bank Name Bank Address Account Name Sort Code Account Number Please pay the sum of £ Date of first payment Frequency MONTHLY / QUARTERLY / ANNUALLY (DELETE AS APPROPRIATE) Until FURTHER NOTICE Bank Name CAF BANK Bank Address 25 KINGS HILL AVE, KINGS HILL, WEST MALLING, KENT ME19 4JQ Account Name PCC OF ST ANNE WITH ST THOMAS & ST PETER, SOHO Sort Code 40-52-40 Account Number 00022443 Signature Date 

Boost your donations by completing the declaration overleaf 





Charity Gift Aid Declaration 

## **Boost your donation by 25p of Gift Aid for every £1 you donate** 

Gift Aid is reclaimed by the charity from the tax you pay for the current tax year. In order to Gift Aid your donation you must tick the box below: 

**I want to Gift Aid my donations to St Anne's Church, Soho.** I am a UK taxpayer and understand that if I pay less Income Tax and/or Capital Gains Tax in the current tax year than the amount of Gift Aid claimed on all my donations it is my responsibility to pay any difference. 

Your address is needed to identify you as a current UK taxpayer. 

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Please notify us if you: 

- want to cancel this declaration 

- change your name or home address 

- no longer pay sufficient tax on your income and/or capital gains 

If you pay Income Tax at the higher or additional rate and want to receive the additional tax relief due to you, you must include all your Gift Aid donations on your Self-Assessment tax return or ask HM Revenue and Customs to adjust your tax code.