Docusign Envelope ID: A194EA9E-6FFC-824F-80E8-26623A97A13B **Charity number: 1133802** # **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PANCRAS, LONDON** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2025** Docusign Envelope ID: A194EA9E-6FFC-824F-80E8-26623A97A13B ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PANCRAS, LONDON** ## **CONTENTS** ||Page| |---|---| |**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1| |**Trustees' Report**|2 - 11| |**Independent Examiner's Report**|12 - 13| |**Statement of Financial Activities**|14| |**Balance Sheet**|15| |**Notes to the Financial Statements**|16 - 27| Docusign Envelope ID: A194EA9E-6FFC-824F-80E8-26623A97A13B ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PANCRAS, LONDON** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2025** **Trustees** Revd Lucy Winkett Revd Jonathan Lee Dorothea Hackman Duncan Lamont Anne Rouse Dorothy Severin Agnes Ogunmuyiwa Hilary Kalmbach Dorothea Kouaghu **Charity registered number** 1133802 **Principal office** St Pancras Church Euston Road London NW1 2BA **Accountants** Hillier Hopkins LLP Chartered Accountants Radius House 51 Clarendon Road Watford Hertfordshire WD17 1HP Page 1 Docusign Envelope ID: A194EA9E-6FFC-824F-80E8-26623A97A13B ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PANCRAS, LONDON** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025** The Trustees present their annual report together with the financial statements of the Charity for the year 1 January 2025 to 31 December 2025. ## **Objectives and activities** ## **a. Policies and objectives** The aim, purpose and vocation of every Church of England parish is primarily to promote the mission of the church by serving every person within the parish boundary, hold regular public Christian services to which all are welcome, and to guard, promote and safeguard the historic assets of the church, held in trust for the people of England. The Church of England nationally has developed ‘Five Marks of Mission’. These are: - To proclaim the Good News of the Kingdom - To teach, baptise and nurture new believers - To respond to human need by loving service - To transform unjust structures of society, to challenge violence of every kind and pursue peace and reconciliation - To strive to safeguard the integrity of creation, and sustain and renew the life of the earth So as to be a worshiping church for the whole community which is shaped by these marks of mission, in 2024 St Pancras Church’s PCC adopted a plan to review and revitalise St Pancras’s pattern of liturgy and prayer, to consult and plan for development of congregational growth, and to re-position itself at the heart of its local community. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. ## **b. Strategies for achieving objectives** At the heart of the PCC’s strategy for achieving its objectives, the PCC formed a partnership with St James’s Piccadilly and planned (a) to recruit a staff team (including an associate priest, head of estate, finance assistant and vergers) and (b) to deploy and manage its resources so as to enable the church to increase the range of liturgical and other activities that it offers to its parish community and beyond. The PCC generates funding for the upkeep and work of the church, and employs staff to manage and maintain its seven-day-a-week ministry. It is responsible for safeguarding the assets of the church and generates income by voluntary collections, donations, and letting out the church, hall and grounds for community use. Page 2 Docusign Envelope ID: A194EA9E-6FFC-824F-80E8-26623A97A13B ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PANCRAS, LONDON** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025** ## **Objectives and activities (continued)** ## **c. Activities undertaken to achieve objectives** The full PCC met six times during the year. Over the course of the year the PCC: - reviewed its activities against its Mission Action Plan - received and considered an energy audit - regularly reviewed its finances - commissioned various minor building works and repairs - received Faculty permission for a memorial plaque Activities undertaken by the St Pancras Church to further the church’s purposes for the public benefit are set out in the attached reports of the Associate Priest and the Head of Estates. ## **Achievements and performance** ## **Financial review** ## **a. Going concern** After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. ## **b. Reserves policy** Monies are set aside for specific purposes into restricted and designated funds. The purpose of holding a reserve as the General Purposes Fund is to enable the Church to cope with variations in its cash flow and to provide a source of money should its income drop unexpectedly. It is the policy of this church to hold in reserves the equivalent of six months general running costs and an additional one month’s salary costs. It is also our policy to hold an amount for quinquennial building works and unexpected repairs and maintenance. Page 3 Docusign Envelope ID: A194EA9E-6FFC-824F-80E8-26623A97A13B ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PANCRAS, LONDON** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025** ## **c. Report of Associate Priest: Revd Jonathan Lee** ## **St Pancras Church Trustees: Parochial Church Council 2025** **Clergy** Revd Lucy Winkett licenced 29/11/2023 Priest in Charge & PCC Chair Revd Jonathan Lee licenced 19/09/2024 Associate Priest Revd Sarah Lee PTO Non-Stipendiary Part-Time Priest |**Readers**|None currently|| |---|---|---| |**Churchwardens**||| |Dorothea Hackman|first elected 2011|Treasurer| |Dorothea Laurencia|first elected 2025|PCC Lay Chair| |**Deanery Synod 2024-2026**|Duncan Lamont|| |**Elected Members**|**Term ends**|| |Agnes Ogunmuyiwa|2027|Deputy Churchwarden| |Anne Rouse|2027|| |Dorothy Severin|2027|| |Hilary Kalmbach|2028|| |Mark Ashurst|2028|| |Krzysztof Habdas|2028|Hon PCC Secretary| ## **2025 at St Pancras Church 1704** |**1704 St Pancras Euston Road Parish facts and figures 2025**|**1704 St Pancras Euston Road Parish facts and figures 2025**|**1704 St Pancras Euston Road Parish facts and figures 2025**|**1704 St Pancras Euston Road Parish facts and figures 2025**|**1704 St Pancras Euston Road Parish facts and figures 2025**| |---|---|---|---|---| |**Diocese of London**|**Edmonton Area, Camden Deanery**|||| |**Patron:**|**Dean & Chapter, St Paul’s Cathedral**|||| |**36.53 Index of Multiple Deprivation average score.****_The parish crosses 4 electoral wards, some with_**
**_high deprivation, especially for living environment and access to housing and services_**||||| |**Population**|**6,462**|||| |**Electoral Roll 2026**|**56, of whom 8 live in theparish**|||| |**2025**|**Baptisms: 2**|**Weddings: 1**||**Funerals:**
**3**| ||**_Head counts_**|||| |**Average Sunday**
**Attendance**|**Children: 0**||**Adults: 30**|| |**Easter**|**Communicants: 55**||**Total attendance:**
**76**|| |**Christmas**|**Communicants: 159**||**Total attendance:**
**311**|| |**Common Fund**|**£21,000.00**|||| Page 4 Docusign Envelope ID: A194EA9E-6FFC-824F-80E8-26623A97A13B ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PANCRAS, LONDON** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025** 2025 was my first full calendar year in post as Associate Priest at St Pancras Church. I am ever thankful to the Revd. Lucy Winkett, the Revd. Sarah Lee, to the church wardens (this year adding a second Dorothea to the wardens), to the PCC and to each member of our church staff for the help and support that they have continued to provide. The year has been a mix of consolidation and further change as we have all worked together towards the PCC’s vision of revitalising St Pancras’s pattern of liturgy and prayer and repositioning St Pancras so that it can become the vibrant heart of its parish community. The principal steps that St Pancras Church has taken towards this in 2025, which were foreshadowed in last year's report, have been the introduction of vergers, the appointment of a new musical director & the introduction of choral scholars. Taking these in turn, a senior verger, George Haggett, and a verger, Sam Venter, were appointed in August 2025. Their presence, their work and their care (for people, place and liturgical life of the church) have allowed the church to introduce: a pattern of extended opening hours (previously 11am to 2pm each day), often with a personal and pastoral welcome into the church building for visitors; a new regular weekly liturgical rhythm of services; and fresh eyes through which to ensure that the church site and the church hall are, so far as practicable, well kept. Thank you to George and Sam, and also to Alam, the third dedicated member of our regular facilities team. These extended opening hours have led to a far greater footfall of visitors every day: many from across the world and visiting London for a few days, some heading for one of the local stations, others visiting loved ones in one of the local hospitals, many simply seeing the open church door and drawn to explore the building or to find a quiet few moments for prayer. The increased number of services during the week has meant that many (in ones, twos and sometimes more) have joined us in morning or evening prayer, uniting St Pancras with Christian people from near and far. Page 5 Docusign Envelope ID: A194EA9E-6FFC-824F-80E8-26623A97A13B ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PANCRAS, LONDON** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025** After the retirement of Dr. Christopher Batchelor, our longstanding Director of Music, in March 2025 at a valedictory evensong and reception on 23 March 2025, we were ably assisted musically, on an interim basis, by David Ho-yi Chan. We are most grateful to David for his energy, skill and musicality through a period of transition. In October we were pleased to announce the appointment of a new Director of Music, Douglas Tang. His first service, on 5 October 2025, coincided with the start of the year for St Pancras Church’s inaugural Music Scholars. Under the direction of Douglas, they (Ella Soriano, Katie Santi, Sherman Chun Hei Yip and Nathaniel Morley) have enhanced our worship Sunday by Sunday and at festivals. They have also allowed us to start to offer monthly services of Evensong. Musical highlights in 2025 have included Chris Batchelor’s valedictory evensong (including works written by Chris), All Souls Duruflé’s Requiem (sung with an expanded choir) and Christmas morning, Schubert’s Mass in G (with orchestra and expanded choir). While celebrating these significant music-filled services, we are grateful too for the music that Douglas and our Music Scholars provide week by week at Sunday morning services and (together with the Director of Music and Music Scholars from St James’s) at Sanctuary each Tuesday. ‘Sanctuary’ was brought to St Pancras by a team from St James’s Piccadilly seasonally for Advent in 2023 and 2024. In 2025, a decision was made that Sanctuary would remain at St Pancras throughout the year. So, the calm and reflective ‘Sanctuary’ Eucharist has filled our Tuesday evenings each week, providing a welcoming space for many (usually between 30 and 40 people in person and others on-line) and an opportunity for St Pancras and St James to continue to work together. Thank you to the whole Sanctuary Team and especially to Elijah Kinne who has led that team week by week. Other noteworthy liturgical events have included: joint patronal festival services at both St Pancras and at St James’s as part of the deepening of relations between the two churches and their congregations; the Camden’s civic service for Remembrance Sunday (with members of the armed forces, civic leaders and leaders of other faith communities); and, as part of our more extensive 2025 Christmas offering, ‘A Very Queer Christmas Carol Service’, ‘Carols by Candle Light’, ‘Community Carols’ and Christmas Eve ‘Afternoon Carols’. Page 6 Docusign Envelope ID: A194EA9E-6FFC-824F-80E8-26623A97A13B ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PANCRAS, LONDON** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025** Within the life of the church in 2025 it has been our privilege to welcome three families for baptism and dedication of their children (one at Sanctuary), to join the celebration in St Pancras Church at the marriage of two of our local friends from Kings Cross Church and to support families and friends in grief during funerals. 2025 included the funeral of Michael Odgen, a much loved and longstanding congregant, church warden and Licensed Lay Reader in this church. Throughout the year the church has sought to deepen its links with the local community. Every Wednesday before our lunchtime Holy Communion Service we enjoy coffee and conversation at ‘Community Coffee’. A small group of regular church congregants have welcomed visitors to the building and had wonderful chats with people from all over the world. Since January 2025, we have welcomed people from the community every Tuesday and Thursday lunchtimes, for classical music recitals. St Pancras church has continued to attend the quarterly Euston Community Representatives Group with High Speed 2 Ltd. despite long delays to its predicted completion because of the significant impact that this project has on our neighbourhood. Members of the church have continued to support various events and endeavours to protect the environment and ameliorate the adverse effects of climate change. St Pancras’ bells were tolled for lost species and some members of the church joined protests in respect of the felling of trees at Euston Station, pollution of the Thames and exceeding the 1.5oC limit in global average temperatures above preindustrial levels as agreed in the UNFCCC Paris Agreement. We have also welcomed visits of children from three local primary schools. These visits have included opportunities for children to learn about the church building, the liturgical life of this church and the Christian faith. Both Revd Jonathan and Revd Sarah have been leading assemblies at St Mary and St Pancras Church of England Primary School and we have welcomed their children and staff into church. Year 5 enjoyed “Explore Easter”, and Year 2 had fun with “Explore Church” and “Explore Advent”. The 7-11 year-olds had their own special service in church, as well as bringing their choir and brass group to perform in our lunchtime Christmas ‘carols for all’. With university buildings and halls of residence in the parish it has been lovely to welcome students to our services (on Sundays, Tuesdays and Wednesdays). We are thankful for their willingness to participate in services, and we have had regular meals together each term. ## Conferences and speaking events: Under the lead of Revd Sarah, St Pancras Church hosted the 2025 ‘Women’s Voices’ London conference on May 10th as part of our St Pancrastide festival weekend. This is an ecumenical conference for women in ministry from all denominations: clergy, lay ministers, ordinands, and women exploring their calling. Hosted on the day by Revd Lucy and Revd Sarah, over eighty women attended from across the country with principal speakers being the Rt Revd and Rt Hon Dame Sarah Mullally, Bishop of London, Revd Dr Liz Shercliff, Chine McDonald, Dr Karen O’Donnell, Revd Dr Mariama Ifode-Blease and Revd Dr Ayla Lepine. Having hosted the SCM student day-conference in 2024, they also returned in June 2025; and the church also hosted: the annual lecture of the London Churches Refugee Fund with Rt Reverend Rose Hudson-Wilkin in June 2025. Other charities and groups have also held their events at St Pancras. In 2025 these included a charity event to mark the end of a visit to England from children from the West Bank; and a number of musical events. The Crypt Gallery has had another busy year, bringing artists from across London (and beyond) and welcoming members of the local community to their exhibitions and events. We record our thanks to Anne Noble Partridge, our gallery manager. Page 7 Docusign Envelope ID: A194EA9E-6FFC-824F-80E8-26623A97A13B ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PANCRAS, LONDON** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025** Behind the scenes, in 2025, Miriam our church administrator and Stuart our part time head of estates have been joined by Ben Oluwi, as part time finance assistant. Thanks to all three. Ben, like Stuart, provides his services to St Pancras through our continuing partnership with St James’s Piccadilly. I record my thanks to the broader team at St James for their support and advice through 2025 (Comms, Concerts, Estates, Finance, Human Resources, Management and more) and especially in 2025 to St James’s Head of Finance, Radames Delgardo. Since Ben’s arrival, Ben and Radames have succeeded in introducing a new accounting system for church finances. Finally, I note that as with any report of this nature, it is easy to report on events when the heart of any worshipping community is the people, each member of our regular congregation and our visitors. The greatest joys of ministering at St Pancras in 2025, have come through talking with and worshipping alongside people and we have all, as a church, sought to journey in faith and in faithfulness to each other. Revd Jonathan Lee 16 May 2026 ## **Report of the Electoral Officer: Dorothea Laurencia** A new Electoral Roll was compiled, as required by the Church of England, in 2025 in time for last year’s APCM. There were 41 people on the roll as at 28 April 2025, when the new roll was completed and the relevant notice was published for the APCM in 2025. Ten people have since been added to the roll in time for the APCM on 17 April 2026, making the roll for this APCM, 51 people. Since the roll closed for the 2026 APCM, a further two applications have been received. Dorothea Laurencia 16 May 2026 Page 8 Docusign Envelope ID: A194EA9E-6FFC-824F-80E8-26623A97A13B ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PANCRAS, LONDON** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025** ## **2025 Estates and Fabric Report for St Pancras Church** Work completed in the Church and Grounds - 1 The Faculty application for the Anthony Rouse memorial plaque was finalised during April and May and the plaque itself was installed in the narthex by conservators Taylor Pierce on 30th July. - 2 The final 3 trees (of 12) – Plane trees 1, 2 and 9 were pruned by Thors Trees on the nights of Friday 18th and Saturday 19th July 2025. All trees within the church grounds have now been pruned in accordance with the arboricultural report issued by SJA tree consultants. - 3 Servicing work was undertaken on the air handling units during January and April. Considerable repair and reconditioning work has also been undertaken on the two church boilers during February by Jennings Plumbing and Heating. In combination these works have meant that the church heating system has functioned properly for most of 2025 – probably the first time that has happened for many years. - 4 The lightning protection system was serviced on 11th March and passed all compliance testing. - 5 Three new church signs were installed, replacing the old and decayed signs, on 25th and 26th June, by SignStar Ltd. Garden foliage was cleared so all signs are visible from the pavement and road. - 6 Various electrical works around the church were conducted by Bullens Electrical, including the fixing of the power circuits in the Parish Office at the end of June. - 7 A new fibre-optic internet line was installed in the church by Vorbos Ltd on 9th October – the survey and prep work was conducted during July and August. This line, which runs under the north garden and into our comms room, provides the church with faster and more reliable broadband via its own dedicated fibre line – which also costs less than the previous solution provided by Optimity. - 8 Fire risk assessments were provided for the church and church house by Mark Sharman & Associates during November. - 9 The chandelier winches were given another year of certification running from 12th November. - 10 During November, various carpentry repairs were made by Fullers Builders to the air handling hatch located in the gallery and also to pews in the galleries and on the ground floor of the nave. These repairs made the galleries safe and able to be opened to the public. This now allows St Pancras to host larger events. Work completed at St Pancras Church House - 1 A new asbestos survey for the whole Church House building was issued by DLM Associates at the end of April 2025. - A new and compliant fire alarm system was installed by Safelinks at the beginning of May. The new system has also been extended to cover the C4WS community hub area. - A new EICR covering the Church House building was undertaken and issued by Bullens Electrical at the end of June. Legionella testing was conducted at the end of October by Aquavent. A spot repair was made to the roof on 8th December, by Arti Building Contractors. This was in response to a leak in the ceiling above one of the windows in the Church Hall space. Although the rate of the leak was extensively reduced, the problem was not completely solved. Page 9 Docusign Envelope ID: A194EA9E-6FFC-824F-80E8-26623A97A13B ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PANCRAS, LONDON** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025** - 2 Flat 1 – After the old tenant vacated at the end of June, Flat 1 was given an extensive refurbishment. A new washing machine was installed in the kitchen, the entire flat was redecorated, and furniture purchased for the sitting room along with new beds in three of the four bedrooms. This work was undertaken in June and July by Arti Building Contractor. The flat was also given a new EICR by Bullens Electrical in July. The new tenants moved in on 15th September, signing 1 year of what should be at least a two-year tenancy. - 3 Extensive improvements were made to the Church Hall throughout the summer months. This included full redecoration of walls and ceiling, fixing of the windows, the hanging of a new curtain system across all the windows, purchase of new tables and the installation of a new fibre-internet line. All of these improvements were designed to improve the offer to existing and new/potential hirers. - 4 New C4WS contract The new three-year lease between St Pancras and the trustees of C4WS was verbally agreed at the end of 2025. Although this was not signed by all parties until January 2026, the lease itself was backdated and came into operation in September of 2025. Future Objectives - 1 The reroofing of St Pancras Church House. This will be a major project brought about by the leak reported in 2.1 above and subsequent leaks into Flat 2 and Flat 3. The entire roof has reached the end of its effective lifespan. A new roofing system is currently being designed and costed by Matthew Lloyd Architects. - 2 Temporary WC provision to be located in the car park. Although temporary the design is to have a trailer unit providing external WC facilities to cover larger events and the period when SJP are jointly occupying SPE during the Wren Project. The WC unit is to be connected to mains supply of water, electricity and sewerage so that it functions as a proper facility. - 3 Planning continues for permanent WC facilities, installation of air-source heat pumps, upgraded air handlers, insulation to the nave ceiling and other facilities aimed at improving the kitchen and hospitality offering provided by St Pancras. ## **Structure, governance and management** ## **a. Constitution** The Parochial Church Council of the Ecclesiastical Parish of St Pancras, London is a parish within the Church of England as defined by canon law. Individual parishes within the Church of England do not have a separate constitution. They work within the framework of Church of England ecclesiastical law. The Parochial Church Council is a corporate body established by the Church of England and is a registered charity, number 1133802. The PCC operates under the Parochial Church Council (Powers) Measure 1956 as amended and the Church Representation Rules and its members (who are the Trustees of the registered charity) are appointed, elected or co-opted accordingly. The management of the Charity is the responsibility of the members of the PCC. Page 10 Docusign Envelope ID: A194EA9E-6FFC-824F-80E8-26623A97A13B ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PANCRAS, LONDON** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025** ## **Statement of Trustees' responsibilities** The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles of the Charities SORP (FRS 102); - make judgments and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by: **Revd Lucy Winkett** Date: 21-07-2026 **Dorothea Hackman** Date: 27-07-2026 Page 11 Docusign Envelope ID: A194EA9E-6FFC-824F-80E8-26623A97A13B ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PANCRAS, LONDON** ## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2025** ## **Independent Examiner's Report to the Trustees of The Parochial Church Council of the Ecclesiastical Parish of St Pancras, London ('the Charity')** I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2025. ## **Responsibilities and Basis of Report** As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent Examiner's Statement** Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. 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 that in any material respect: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Page 12 Docusign Envelope ID: A194EA9E-6FFC-824F-80E8-26623A97A13B ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PANCRAS, LONDON** ## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025** This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. Signed: Dated: 27-07-2026 Louise Cherry ACA **Hillier Hopkins LLP** Chartered Accountants Radius House 51 Clarendon Road Watford Hertfordshire WD17 1HP Page 13 Docusign Envelope ID: A194EA9E-6FFC-824F-80E8-26623A97A13B ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PANCRAS, LONDON** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025** |**Note**
**Income from:**
Donations and legacies
3
Other trading activities
4
Investments
5
Other income
6
**Total income**
**Expenditure on:**
Charitable activities
7
**Total expenditure**
**Net (expenditure)/income**
Transfers between funds
18
**Net movement in funds before other**
**recognised gains/(losses)**
**Other recognised gains/(losses):**
Gains on revaluation of fixed assets
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2025**
**£**
**37,138**
**293,878**
**-**
**16,899**
**347,915**
**413,017**
**413,017**
**(65,102)**
**285,385**
**220,283**
**1,639,608**
**1,859,891**
**133,226**
**1,859,891**
**1,993,117**|**Restricted**
**funds**
**2025**
**£**
**-**
**18,989**
**37,024**
**-**
**56,013**
**90,515**
**90,515**
**(34,502)**
**(285,385)**
**(319,887)**
**-**
**(319,887)**
**474,260**
**(319,887)**
**154,373**|**Total**
**funds**
**2025**
**£**
**37,138**
**312,867**
**37,024**
**16,899**
**403,928**
**503,532**
**503,532**
**(99,604)**
**-**
**(99,604)**
**1,639,608**
**1,540,004**
**607,486**
**1,540,004**
**2,147,490**|_As restated_
_Total_
_funds_
_2024_
_£_
_27,733_
_294,227_
_34,503_
_3,647_| |---|---|---|---|---| |||||_360,110_| |||||_341,044_| |||||_341,044_| |||||_19,066_
_-_| |||||_19,066_
_-_| |||||_19,066_| |||||_588,420_
_19,066_| |||||_607,486_| The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 16 to 27 form part of these financial statements. Page 14 Docusign Envelope ID: A194EA9E-6FFC-824F-80E8-26623A97A13B ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PANCRAS, LONDON** ## **BALANCE SHEET AS AT 31 DECEMBER 2025** |**Note**
**Fixed assets**
Tangible assets
12
Investment property
13
**Current assets**
Debtors
14
Cash at bank and in hand
**Current liabilities**
Creditors: amounts falling due within one
year
15
**Net current assets**
**Total assets less current liabilities**
Creditors: amounts falling due after more
than one year
16
**Total net assets**
**Charity funds**
Restricted funds
18
Unrestricted funds
18
**Total funds**|**11,731**
**168,413**
**180,144**
**(37,127)**|**2025**
**£**
**508,554**
**1,495,919**
**2,004,473**
**143,017**
**2,147,490**
**-**
**2,147,490**
**154,373**
**1,993,117**
**2,147,490**|_(1,361)_
_254,989_
_253,628_
_(14,794)_|_As restated_
_2024_
_£_
_98,856_
_269,559_| |---|---|---|---|---| |||||_368,415_
_238,834_| |||||_607,249_
_237_| |||||| |||||_607,486_| |||||_474,260_
_133,226_| |||||| |||||_607,486_| The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: **Revd Lucy Winkett Dorothea Hackman** Date: 21-07-2026 Date: 27-07-2026 The notes on pages 16 to 27 form part of these financial statements. Page 15 Docusign Envelope ID: A194EA9E-6FFC-824F-80E8-26623A97A13B ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PANCRAS, LONDON** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** ## **1. General information** St Pancras Church is a Church of England Parish Church and registered with the Charity Commission in England and Wales. The registered address is St Pancras Church, Euston Road, London, NW1 2BA. ## **2. Accounting policies** ## **2.1 Basis of preparation of financial statements** The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The Parochial Church Council of the Ecclesiastical Parish of St Pancras, London meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. ## **2.2 Going concern** At the time of approving the financial statements, the trustees have reasonable expectation that the charity will be able to continue in operation through the continued receipt of donations and lettings income for the next 12 months. Additionally, the charity holds sufficient unrestricted free reserves to meet any unexpected unbudgeted costs. Therefore, these accounts have been prepared on a going concern basis. ## **2.3 Income** All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service. ## **2.4 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity Page 16 Docusign Envelope ID: A194EA9E-6FFC-824F-80E8-26623A97A13B ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PANCRAS, LONDON** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** ## **2. Accounting policies (continued)** ## **2.4 Expenditure (continued)** and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. ## **2.5 Tangible fixed assets and depreciation** Tangible fixed assets are initially recognised at cost. After recognition, under the revaluation model, tangible fixed assets whose fair value can be measured reliably shall be carried at a revalued amount, being their fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting date. Fair values are determined from market-based evidence by appraisal that is normally undertaken by professionally qualified valuers. If there is no market-based evidence of fair value because of the specialised nature of the tangible fixed asset and it is rarely sold, except as part of a contributing business, a Charity may need to estimate fair value using an income or depreciated replacement cost approach. Gains and losses on revaluation are recognised in the Statement of Financial Activities, with a separate revaluation reserve being shown in the Statement of funds note. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis: Fixtures and fittings - 25% Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Financial Activities. ## **2.6 Debtors** Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **2.7 Cash at bank and in hand** Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Page 17 Docusign Envelope ID: A194EA9E-6FFC-824F-80E8-26623A97A13B ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PANCRAS, LONDON** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** ## **2. Accounting policies (continued)** ## **2.8 Liabilities and provisions** Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost. ## **2.9 Financial instruments** The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## **2.10 Finance leases and hire purchase** Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the Charity. Obligations under such agreements are included in creditors, net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Statement of Financial Activities so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. ## **2.11 Pensions** The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year. ## **2.12 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Page 18 Docusign Envelope ID: A194EA9E-6FFC-824F-80E8-26623A97A13B ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PANCRAS, LONDON** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** ## **3. Income from donations and legacies** ||**Unrestricted**|**Total**|_Total_| |---|---|---|---| ||**funds**|**funds**|_funds_| ||**2025**|**2025**|_2024_| ||**£**|**£**|_£_| |Donations|37,138|**37,138**|_27,733_| ## **4. Income from other trading activities** |**Unrestricted**
**funds**
**2025**
**£**
Fundraising
293,878
_Total 2024_
_294,227_|**Restricted**
**funds**
**2025**
**£**
18,989
_-_|**Total**
**funds**
**2025**
**£**
**312,867**
_294,227_|_Total_
_funds_
_2024_
_£_
_294,227_| |---|---|---|---| ||||| ## **5. Investment income** |**Restricted**
**funds**
**2025**
**£**
Investment income
37,024
**Other incoming resources**
**Unrestricted**
**funds**
**2025**
**£**
Other incoming resources
16,899|**Total**
**funds**
**2025**
**£**
**37,024**
**Total**
**funds**
**2025**
**£**
**16,899**|_As restated_
_Total_
_funds_
_2024_
_£_
_34,503_| |---|---|---| |||_Total_
_funds_
_2024_
_£_
_3,647_| ## **6. Other incoming resources** Page 19 Docusign Envelope ID: A194EA9E-6FFC-824F-80E8-26623A97A13B ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PANCRAS, LONDON** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** ## **7. Analysis of expenditure on charitable activities** ## **Summary by fund type** |**Unrestricted**
**funds**
**2025**
**£**
Direct costs - Charitable Activities
413,017
_Total 2024_
_341,044_|**Restricted**
**funds**
**2025**
**£**
90,515
_-_|**Total**
**2025**
**£**
**503,532**
_341,044_|_Total_
_2024_
_£_
_341,044_| |---|---|---|---| ||||| ## **8. Analysis of expenditure by activities** |Direct costs - Charitable Activities
_Total 2024_|**Activities**
**undertaken**
**directly**
**2025**
**£**
51,758
_1,868_|**Support**
**costs**
**2025**
**£**
451,774
_339,176_|**Total**
**funds**
**2025**
**£**
**503,532**
_341,044_|_Total_
_funds_
_2024_
_£_
_341,044_| |---|---|---|---|---| |||||| Page 20 Docusign Envelope ID: A194EA9E-6FFC-824F-80E8-26623A97A13B ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PANCRAS, LONDON** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** ## **8. Analysis of expenditure by activities (continued)** ## **Analysis of support costs** |Staff costs
Depreciation
Diocesan Common Fund
Printing, postage and stationary
Accountancy
Premises costs
Church costs
Grants issued
Computer expenses
St James' Partnership
Professional fees
Musician expenses
Sundry expenses|**Activities**
**2025**
**£**
120,248
639
21,000
8,013
4,050
181,945
2,255
-
10,019
70,834
7,820
19,022
5,929
451,774|**Total**
**funds**
**2025**
**£**
**120,248**
**639**
**21,000**
**8,013**
**4,050**
**181,945**
**2,255**
**-**
**10,019**
**70,834**
**7,820**
**19,022**
**5,929**
**451,774**|_Total_
_funds_
_2024_
_£_
_81,945_
_-_
_42,600_
_1,900_
_2,285_
_123,836_
_4,715_
_6,000_
_17,794_
_25,453_
_1,500_
_25,112_
_6,036_| |---|---|---|---| ||||_339,176_| ## **9. Independent examiner's remuneration** The independent examiner's remuneration amounts to an independent examiner fee of £3,600 ( _2024_ - _£1,500_ ). ## **10. Staff costs** |Wages and salaries
Contribution to defined contribution pension schemes|**2025**
**£**
**116,236**
**4,012**
**120,248**|_2024_
_£_
_77,415_
_4,530_| |---|---|---| |||| |||_81,945_| Page 21 Docusign Envelope ID: A194EA9E-6FFC-824F-80E8-26623A97A13B ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PANCRAS, LONDON** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** ## **10. Staff costs (continued)** The average number of persons employed by the Charity during the year was as follows: ||**2025**|_2024_| |---|---|---| ||**No.**|_No._| |Employees|**6**|_6_| No employee received remuneration amounting to more than £60,000 in either year. ## **11. Trustees' remuneration and expenses** During the year, no Trustees received any remuneration or other benefits _(2024 - £NIL)_ . During the year ended 31 December 2025, no Trustee expenses have been incurred _(2024 - £NIL)_ . Page 22 Docusign Envelope ID: A194EA9E-6FFC-824F-80E8-26623A97A13B ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PANCRAS, LONDON** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** ## **12. Tangible fixed assets** |**Cost or valuation**
At 1 January 2025 (as previously stated)
Prior Year Adjustment
At 1 January 2025 (as restated)
Additions
Revaluations
At 31 December 2025
**Depreciation**
At 1 January 2025
Charge for the year
At 31 December 2025
**Net book value**
At 31 December 2025
_At 31 December 2024 (as restated)_|**Freehold**
**property**
**£**
**360,392**
**(269,559)**
**90,833**
**-**
**413,248**
**504,081**
**-**
**-**
**-**
**504,081**
_90,833_|**Fixtures and**
**fittings**
**£**
**36,097**
**-**
**36,097**
**5,112**
**-**
**41,209**
**28,074**
**8,662**
**36,736**
**4,473**
_8,023_|**Total**
**£**
**396,489**
**(269,559)**
**126,930**
**5,112**
**413,248**
**545,290**
**28,074**
**8,662**
**36,736**
**508,554**
_98,856_| |---|---|---|---| The freehold property has been revalued to fair value by William Saxby Ltd, a Chartered Surveyor. The Charity has adopted a policy of revaluation for tangible fixed assets. Had these assets been measured at historic cost, the carrying values would have been as follows: ||**2025**|_2024_| |---|---|---| ||**£**|_£_| |Freehold property|**90,833**|_-_| Page 23 Docusign Envelope ID: A194EA9E-6FFC-824F-80E8-26623A97A13B ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PANCRAS, LONDON** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** ## **13. Investment property** |**Valuation**
Prior Year Adjustment
At 1 January 2025 (as restated)
Surplus on revaluation
At 31 December 2025|**Freehold**
**investment**
**property**
**£**
**269,559**| |---|---| ||**269,559**
**1,226,360**| ||**1,495,919**| The investment property has been valued a fair value by William Saxby Ltd as Chartered Surveyors ## **14. Debtors** |**Due within one year**
Trade debtors
Prepayments and accrued income|**2025**
**£**
**(553)**
**12,284**
**11,731**|_2024_
_£_
_(1,361)_
_-_| |---|---|---| |||| |||_(1,361)_| ## **15. Creditors: Amounts falling due within one year** |Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income|**2025**
**£**
**21,651**
**2,023**
**269**
**13,184**
**37,127**|_2024_
_£_
_11,807_
_162_
_-_
_2,825_| |---|---|---| |||| |||_14,794_| Page 24 Docusign Envelope ID: A194EA9E-6FFC-824F-80E8-26623A97A13B ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PANCRAS, LONDON** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** ## **16. Creditors: Amounts falling due after more than one year** ||**2025**|_2024_| |---|---|---| ||**£**|_£_| |Net obligations under finance lease and hire purchase contracts|**-**|_(237)_| ## **17. Prior year adjustments** ## **Investment Property** During the previous years the freehold property held by the charity had been fully included in tangible fixed assets rather then splitting out the element of the property that relates to investment property. We have therefore reanalysed £269,559 out of tangible fixed assets and into investment property. ## **Interest income** The balances held with CCLA for two of the funds were not updated in the previous year to include the income received of £34,504 Page 25 Docusign Envelope ID: A194EA9E-6FFC-824F-80E8-26623A97A13B ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PANCRAS, LONDON** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** ## **18. Statement of funds** ## **Statement of funds - current year** |**Balance at 1**
**January**
**2025**
**£**
**Unrestricted**
**funds**
General Funds
- all funds
**133,226**
**Restricted**
**funds**
Building Project
**(740)**
Church Halls
CCLA
**70,588**
Churchwardens
Fund
**240,166**
HMRC Grant
**9,096**
Listed Place of
Worship
**25,100**
Mary Thomas
**21,300**
National
Heritage
**108,750**
St Pancras
Lands Trust
**-**
**474,260**
**Total of funds**
**607,486**|**Income**
**£**
**347,915**
**-**
**28,835**
**-**
**-**
**-**
**8,189**
**-**
**18,989**
**56,013**
**403,928**|**Expenditure**
**£**
**(413,017)**
**-**
**-**
**(62,674)**
**-**
**-**
**(8,852)**
**-**
**(18,989)**
**(90,515)**
**(503,532)**|**Transfers**
**in/out**
**£**
**285,385**
**740**
**21,532**
**(177,441)**
**(9,096)**
**(25,100)**
**12,730**
**(108,750)**
**-**
**(285,385)**
**-**|**Gains/**
**(Losses)**
**£**
**1,639,608**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**1,639,608**|**Balance at**
**31**
**December**
**2025**
**£**
**1,993,117**| |---|---|---|---|---|---| ||||||**-**
**120,955**
**51**
**-**
**-**
**33,367**
**-**
**-**| ||||||**154,373**| ||||||**2,147,490**| Page 26 Docusign Envelope ID: A194EA9E-6FFC-824F-80E8-26623A97A13B ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PANCRAS, LONDON** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** ## **19. Summary of funds** ## **Summary of funds - current year** |**Balance at 1**
**January**
**2025**
**£**
General funds
**133,226**
Restricted
funds
**474,260**
**607,486**|**Income**
**£**
**347,915**
**56,013**
**403,928**|**Expenditure**
**£**
**(413,017)**
**(90,515)**
**(503,532)**|**Transfers**
**in/out**
**£**
**285,385**
**(285,385)**
**-**|**Gains/**
**(Losses)**
**£**
**1,639,608**
**-**
**1,639,608**|**Balance at**
**31**
**December**
**2025**
**£**
**1,993,117**
**154,373**| |---|---|---|---|---|---| ||||||**2,147,490**| ## **20. Analysis of net assets between funds** ## **Analysis of net assets between funds - current year** |**Unrestricted**
**funds**
**2025**
**£**
Tangible fixed assets
508,554
Investment property
1,495,919
Current assets
25,771
Creditors due within one year
(37,127)
**Total**
1,993,117|**Restricted**
**funds**
**2025**
**£**
-
-
154,373
-
154,373|**Total**
**funds**
**2025**
**£**
**508,554**
**1,495,919**
**180,144**
**(37,127)**
**2,147,490**| |---|---|---| ## **21. Pension commitments** The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £4,503 (2024: £4,530). Contributions totalling £760 (2024: £nil) were payable to the fund at the balance sheet date and are included in creditors. ## **22. Related party transactions** The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 December 2025. Page 27