OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← The Parochial Church Council Of The Ecclesiastical Parish Of Herne Hill

2025-12-31-accounts

ANNUAL REPORT AND ACCOUNTS OF THE PAROCHIAL CHURCH COUNCIL

OF THE PARISH OF HERNE HILL FOR THE YEAR ENDED 31ST DECEMBER 2025

Vicar:

Rev. Ben Goodyear Associate Vicar:

Rev. Gill Tayleur Associate Vicar: Rev. Ben Hughes

Parish Office:

St. Paul's Church, Herne Hill, London SE24 9LY

Independent Examiner:

Lisa Darby FCA Stewardship

Unit A, 1 Lamb’s Passage, London EC1Y 8AB

A charity registered with the Charity Commission Registration number 1134045 from 3 February 2010

THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF HERNE HILL

FOR THE YEAR ENDED 31ST DECEMBER 2025

CONTENTS

Page
Trustees' Report 3-6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Accounts 10-18
Detailed Statement of Financial Activities with Comparatives 19

THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF HERNE HILL

TRUSTEES' REPORT

FOR THE YEAR ENDED 31ST DECEMBER 2025

Background

Herne Hill PCC is registered with the Charity Commission and operates under the Charities Act 2011. The governing documents for the charity are the Parochial Church Councils (Powers) Measure 1956 (amended) and the Church Representation Rules. The PCC has the responsibility of co-operating with the clergy in promoting in the ecclesiastical parish the whole mission of the church; pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for church buildings.

Membership (cont’d)

Representatives on the Deanery Synod : Trevor Tayleur

Elected Members (unless stated otherwise):

Adeyinka Akinwande (from May 2025) Sarah Baldwin (co-opted) Peter Calderbank (co-opted) Sophie Corlett Rachel Goodyear (to January 2025) Lucy Wainwright (from May 2025)

Our aim is, in God’s strength, to bring Jesus to the centre of our lives and to the heart of our community.

Committees

The PCC operates through the following committees, which meet between PCC meetings:

Places of Worship

There are two churches in the parish: St. Paul’s Church, Herne Hill, London, SE24 9LY St. Saviour’s Church, Herne Hill Road, London SE24 0AY

Membership

Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting in accordance with the Church Representation Rules. During the year 2025 the following served as members of the PCC:

Vicar: Rev. Ben Goodyear Associate Vicar: Rev. Ben Hughes Associate Vicar: Rev. Gill Tayleur Curate: Rev. Winnie Obese-Bempong (from June 2025) Pioneer Curate: Rev. Andy Blacknell

Readers:

Adjoa Andoh Cunnell Simon Brindley Trevor Tayleur

Standing Committee:

As required by law this has the power to transact the business of the PCC between its meetings. Buildings Committee:

This committee advises the PCC on buildings and maintenance matters.

Finance Committee:

This committee is responsible for monitoring finances and advising the PCC on financial matters. Safeguarding Committee:

This committee is responsible for implementing the parish safeguarding policy and ensuring the PCC fulfils its responsibilities in safeguarding matters.

Church Membership and Attendance

There were 254 people on the Church Electoral Roll as of April 2025.

On a “usual” Sunday, as described by the annual Church of England membership return, there were:

Churchwardens:

Juanne Fuller Geraldine Garner (to May 2025) Harriet Bukata (from May 2025) Rebecca Lewis (to May 2025) Wendy Firman Lilly Emmanuvel (from May 2025)

Bankers

CAF Bank

28 Kings Hill Avenue, West Malling, ME19 4JQ

Page 3

Reserves Policy

The PCC seeks to maintain reserves at a level that recognises both the call to apostolic poverty and the need for prudence in the face of unexpected demands on resources. The PCC has established a designated "Operating Fund" as a reserve set aside to meet the parish's operating costs should it be required and this is currently £15,000. Total unrestricted funds, excluding the revaluation reserve, are currently £245,370, representing seven months of general expenditure. The PCC aims to maintain six months of general expenditure in unrestricted funds and has regard to this when considering its financial planning and other aspects of its financial management.

Risk Management

The PCC has considered the risks to which the parish is exposed, including those brought to our attention by the Diocese. These include loss of key personnel, fraud, damage to buildings, liabilities pursuant to non-compliance with legislation, for example in relation to discrimination and data protection, inadequate safeguarding of children or vulnerable adults or protection of employees, loss of reputation and inadequate financial control. The PCC has taken steps to mitigate these risks through, for example, insurance, a safeguarding policy and financial control procedures. Details of the parish's risk management policies and procedures are available from the Parish Operations Manager.

Statement of Responsibilities of the Members of the Parochial Church Council

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

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

The PCC is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

With regard to the PCC's obligations to safeguard children and vulnerable adults, the members of the PCC confirm that they have complied with their duties under section 5 of the Safeguarding and Clergy Discipline Measure 2016.

Report on the proceedings of the PCC and the activities of the Parish generally, for 2025

In 2025 we were able to worship together in Sunday services every week in person as well as our virtual services for those unable to attend. Most Sundays included services at 8am, 11.15am and 5pm at St. Paul's and then 9.30am weekly and Messy Church monthly at St. Saviour's. We ran Children's Church weekly except for our monthly all age Holy Communions and during school holidays, with a new and well thought out curriculum.

We opened St. Paul's up on Thursdays for private prayer and for Hope Café. We run our café on customer donations, so everyone can enjoy regardless of their financial situation. We are often serving more than 50 lunches every Thursday, plus drinks and home-made cakes.

In March 12 people, from both churches, were baptised or reaffirmed their baptismal vows in a baptism pool at St. Saviour’s. There was much rejoicing!

Page 4

In May our Whoosh riders cycled from Lindisfarne to Iona raising £23,408 for Tree Aid.

Our pioneer prison curate Andy Blacknell ministers in both Brixton Prison and in the parish. Lots of men are coming to faith in Jesus and getting baptised in prison.

Winnie Obese-Bempong, who was an ordinand in the parish, was ordained as deacon in June and became Curate in the parish. Winnie has taken on leadership of the Discipleship Team and working with them to encourage everyone to be part of a discipling community.

The Youth Faith Collective (YFC) youth group continued to happen for younger youth weekly and YFC+ happens monthly for our older youth. In the summer the youth went away to David’s Tent Festival.

We ran our Milkwood Summer Programme for a week in August in Milkwood Community Park, serving 50 children and young people in our locality. We also continued our weekly Milkwood Kick Football Academy with the under 16s winning the London Churches competition and the under 11s winning the plate at the London Kick Academies competition!

Beckee Lewis, our CAP (Christians Against Poverty) & Community worker, along with a team of volunteers, was effective in helping people out of debt, budget better, and find jobs through our CAP debt coaching, money courses and job clubs.

Over 100 people went on our Parish Weekend Away in September, where we enjoyed teaching, fellowship and fun.

As always, we continued our work with racial justice, green and fairtrade initiatives (St. Saviour’s Church got the silver Eco church award) and supported overseas and home missions and ministries.

We thanked Beckee Lewis as she stood down as churchwarden at St. Saviour's. We appointed Lilly Immanuvel and Wendy Firman as churchwardens at St. Saviour's. We thanked Geraldine Garner, who stood down as churchwarden at St. Paul’s. Harriet Bukata and Juanne Fuller were appointed as churchwardens at St. Paul's.

We thanked Cas Moyo and Ruby Wild as they stepped down as our Children and Youth Ministry leads. We are recruiting in early 2026 for a new Children and Youth Ministry lead.

We kicked off Christmas season in style with our walking immersive nativity across the streets of Herne Hill brilliantly directed by Sara Bredemear. Our nativities, carols, Christmas Eve and Christmas Day services had lots of visitors with over 1,000 people coming to our Christmas services and nativities in total.

Our quinquennial inspection was carried out at St. Paul's in May 2025. Following this, we carried out several building works at St. Paul's including:

Building work at St. Saviour's included:

As always, during the year the PCC gave its time and attention to many other issues that contribute to spiritual growth and development in the parish, including financial, buildings, staffing, social, community, worship and mission issues. These were all focused on furthering the fulfilment of our parish aim statement, “Our aim is, in God’s strength, to bring Jesus to the centre of our lives and to the heart of our community” .

We look back on 2025 with praise to God. We have much to give Him thanks for - as we also thank the many faithful people in both churches who serve this parish and Him.

Page 5

Finance:

Total income was up on 2024 by £10,180. Income from donations and legacies was down by £7,999 when compared with 2024. Income from charitable activities was £10,772 higher than the previous year. However, the current year included payments and donations made towards the Parish Weekend Away which took place in September 2025. Investment income is up by £2,227. Income related to an insurance claim of £5,180 is included in other income.

During the year we increased our contribution to the Parish Support Fund to £158,180 compared with £148,000 in 2024. Ministry, Fellowship and Worship costs were £148,675 (2024: £135,404). This included costs of £21,881 associated with the Parish Weeked Away.

Buildings’ costs for the year were £108,442 (2024: £156,608) including costs of £26,232 associated with the repair of the St. Paul's boundary wall. Our Missionary and Charitable Giving was £26,066 (2024: £25,442) and was based on 10% of our general giving. However, it also included support given in response to various needs during the year. Overall, total expenditure reduced by £27,327 to £528,460

The deficit before inter fund transfers on the general fund in the year was £20,969 compared to a deficit of £10,522 in 2024.

The parish's net assets increased in 2025 from £375,872 to £1,570,070. However, this included a gain of £1,322,746 associated with the revaluation of 8 Ruskin Walk. Following advice, the building is now considered an investment property by the definition of the accounting SORP FRS 102 and is, therefore, included at its estimated valuation. Short term deposits and bank balances totalled £142,965 at the end of 2025 (2024: £279,544). £1,953 of the parish's funds are restricted in use by donors and have, therefore, been classified as restricted funds (2024: £11,592).

All of the parish’s assets are dedicated to ensure we are able to operate as mission-shaped churches in Herne Hill, as we look for how best we may use them to help bring Jesus to the heart of our community.

The trustees have complied with the duty to have due regard to the public benefit guidance published by the Charity Commission.

Approval

This report was approved by the PCC on 24 March 2026 and signed on their behalf by:

Rev. Ben Goodyear Peter Calderbank Date: 25 March 2026 Date: 25 March 2026

Page 6

INDEPENDENT EXAMINER'S REPORT TO THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF HERNE HILL

I report to the members of the PCC (who are also the charity's trustees) on my examination of the accounts of the Charity for the year ended 31 December 2025 on pages 8 to 19 following, which have been prepared on the basis of the accounting policies set out on pages 10 to 12.

Responsibilities and basis of report

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

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

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

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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

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

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

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

Lisa Darby, FCA Institute of Chartered Accountants in England & Wales

Stewardship 1 Lamb's Passage LONDON EC1Y 8AB

Date: 25 March 2026

Page 7

THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF HERNE HILL

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31ST DECEMBER 2025

Unrestricted Funds Unrestricted Funds Restricted Total Total
General Designated Funds 2025 2024
Note £ £ £ £ £
INCOME & ENDOWMENTS FROM
Donations and legacies 2 228,787 2,399 5,516 236,702 244,701
Charitable activities 3 46,652 16,506 30 63,188 52,417
Investments 4 94,842 - - 94,842 92,615
Other income 5,180 - - 5,180 -
Total Income and Endowments 375,461 18,905 5,546 399,912 389,732
EXPENDITURE ON
Charitable activities 5 396,430 116,846 15,184 528,460 555,787
Total Expenditure 396,430 116,846 15,184 528,460 555,787
Net income/(expenditure) (20,969) (97,941) (9,639) (128,548) (166,055)
Movement in Revaluation Reserve 7 - 1,322,746 - 1,322,746 -
Transfers between funds 9,000 (9,000) - - -
Net movement in funds (11,969) 1,215,806 (9,639) 1,194,198 (166,055)
Reconciliation of funds:
Total funds brought forward 15,225 349,055 11,592 375,872 541,927
Total funds carried forward 3,256 1,564,861 1,953 1,570,070 375,872

Movements on reserves and all recognised gains and losses are shown above.

All income and expenditure derive from continuing operations.

Small differences of £1 may arise in these accounts due to roundings.

The notes on pages 10-18 form part of these accounts.

Page 8

THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF HERNE HILL

BALANCE SHEET

AS AT 31ST DECEMBER 2025

Restricted
Total
Total
General Designated
Funds
2025
2024
Note
£
£
£
£
£
FIXED ASSETS
Tangible assets
7
12,910
4,550
-
17,460
92,197
Fixed asset investments
8
-
1,400,000
-
1,400,000
-
12,910
1,404,550
-
1,417,460
92,197
CURRENT ASSETS
Debtors
9
22,965
-
-
22,965
16,272
Cash at bank
10
(19,298)
160,311
1,953
142,965
279,544
3,667
160,311
1,953
165,931
295,816
CURRENT LIABILITIES
Liabilities falling due within one year
11
13,321
-
-
13,321
12,141
Net Current Assets
(9,654)
160,311
1,953
152,610
283,675
NET ASSETS
3,256
1,564,861
1,953
1,570,070
375,872
FUND BALANCES
Unrestricted Funds
- General Funds
13, 14
3,256
15,225
- Designated Funds
13, 14
242,114
349,055
- Revaluation Reserve
13, 14
1,322,746
-
Restricted Funds
13, 14
1,953
11,592
1,570,070
375,872
Unrestricted Funds		 Restricted
Total
Total
General Designated
Funds
2025
2024
Note
£
£
£
£
£
FIXED ASSETS
Tangible assets
7
12,910
4,550
-
17,460
92,197
Fixed asset investments
8
-
1,400,000
-
1,400,000
-
12,910
1,404,550
-
1,417,460
92,197
CURRENT ASSETS
Debtors
9
22,965
-
-
22,965
16,272
Cash at bank
10
(19,298)
160,311
1,953
142,965
279,544
3,667
160,311
1,953
165,931
295,816
CURRENT LIABILITIES
Liabilities falling due within one year
11
13,321
-
-
13,321
12,141
Net Current Assets
(9,654)
160,311
1,953
152,610
283,675
NET ASSETS
3,256
1,564,861
1,953
1,570,070
375,872
FUND BALANCES
Unrestricted Funds
- General Funds
13, 14
3,256
15,225
- Designated Funds
13, 14
242,114
349,055
- Revaluation Reserve
13, 14
1,322,746
-
Restricted Funds
13, 14
1,953
11,592
1,570,070
375,872
Unrestricted Funds		 Restricted
Total
Total
General Designated
Funds
2025
2024
Note
£
£
£
£
£
FIXED ASSETS
Tangible assets
7
12,910
4,550
-
17,460
92,197
Fixed asset investments
8
-
1,400,000
-
1,400,000
-
12,910
1,404,550
-
1,417,460
92,197
CURRENT ASSETS
Debtors
9
22,965
-
-
22,965
16,272
Cash at bank
10
(19,298)
160,311
1,953
142,965
279,544
3,667
160,311
1,953
165,931
295,816
CURRENT LIABILITIES
Liabilities falling due within one year
11
13,321
-
-
13,321
12,141
Net Current Assets
(9,654)
160,311
1,953
152,610
283,675
NET ASSETS
3,256
1,564,861
1,953
1,570,070
375,872
FUND BALANCES
Unrestricted Funds
- General Funds
13, 14
3,256
15,225
- Designated Funds
13, 14
242,114
349,055
- Revaluation Reserve
13, 14
1,322,746
-
Restricted Funds
13, 14
1,953
11,592
1,570,070
375,872
Unrestricted Funds
12,910
1,404,550
-
22,965
-
-
(19,298)
160,311
1,953		 1,417,460
92,197
22,965
16,272
142,965
279,544
3,667
160,311
1,953		 165,931
295,816
13,321
-
-		 13,321
12,141
(9,654)
160,311
1,953		 152,610
283,675
3,256
1,564,861
1,953		 1,570,070
375,872
3,256
15,225
242,114
349,055
1,322,746
-
1,953
11,592
1,570,070
375,872

Approved by the Trustees and signed on their behalf by

Peter Calderbank Parish Treasurer

Date: 25 March 2026

Charity Number: 1134045

The notes on pages 10-18 form part of these accounts.

Page 9

THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF HERNE HILL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

1 Accounting policies

These financial statements are prepared on a going concern basis, under the historical cost convention. The financial statements include all activities for which the PCC is legally responsible; the activities of informal gatherings of church members and groups that owe their main affiliation to another body and are excluded.

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

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

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

a) Going concern

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

b) Income

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

Income from donations and legacies includes:

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

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church retreats and other events. Investment income represents income generated by the charity's assets and includes income from letting the charity's property and bank interest.

Page 10

c) Expenditure

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

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

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

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

The cost of raising funds is not significant and has not been separately disclosed.

d) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the PCC in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the PCC for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

e) Tangible fixed assets

Consecrated and beneficed property, that is St. Paul's Church, St. Saviour's Church and 1 Finsen Road, is not included in these financial statements by virtue of s.10(2) of the Charities Act 2011. All expenditure on consecrated or beneficed buildings is written off in the year in which it is incurred.

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

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Freehold land Is not depreciated (because it is not consumed by use)
Freehold buildings Over 50 years after taking account of the building's residual
value
Leasehold improvements Over the lease term or, if shorter, expected useful life
Equipment Over 3 to 10 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Fixed asset investments

8 Ruskin Walk is considered an investment property by the definition of the accounting SORP FRS 102 and is, therefore, included at its estimated valuation. Fixed asset investments are held to generate income and/or for their investment potential and are valued at market value (fair value) at the balance sheet date.

Page 11

g) Pension scheme arrangements

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

h) Taxation

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

i) Exemption from preparing a cash flow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

j) Critical accounting estimates and areas of judgement

Fixed asset investments are valued at an estimate of market value (fair value) at the balance sheet date. The members of the PCC do not consider that there are any other material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.

2 Donations and legacies

ations and legacies
Donations of cash and similar
Other grants receivable
Legacies receivable
Income tax recoverable		 Restricted
Total
Total
General Designated
Funds
2025
2024
£
£
£
£
£
206,056
2,399
5,516
213,971
214,978
-
-
-
-
11,400
1,000
-
-
1,000
-
21,731
-
-
21,731
18,322
Unrestricted Funds
228,787
2,399
5,516
236,702
244,701

During the year, the trustees have reclassified gift aid income received from the Parish Giving Scheme (PGS) from ‘Income tax recoverable’ to ‘Donations of cash and similar’ for both the current and prior year comparatives. This reclassification, amounting to £23,645 (2024: £21,491) better reflects the economic substance of PGS payments. This change in presentation has no impact on total income, net assets or reserves in either period, comparatives have been restated solely for consistency.

3 Income from charitable activities

me from charitable activities
Church retreats and events
Playgroup/Lunch Club/Youth activities
Letting income
Other activities
stment income
Property letting
Bank interest		 Restricted
Total
Total
General Designated
Funds
2025
2024
£
£
£
£
£
-
16,506
-
16,506
-
3,512
-
-
3,512
2,025
39,941
-
-
39,941
46,618
3,198
-
30
3,228
3,774
Unrestricted Funds
46,652
16,506
30
63,188
52,417
Restricted
Total
Total
General Designated
Funds
2025
2024
£
£
£
£
£
82,308
-
-
82,308
77,214
12,534
-
-
12,534
15,401
Unrestricted Funds
94,842
-
-
94,842
92,615

4 Investment income

Property Letting income represents the income from short term tenancy agreements for 8 Ruskin Walk and 69 Herne Hill (St. Saviour's flat).

Page 12

5 Charitable activity

a)
b)
c)		 Church activity
Parish Support Fund contribution
Ministry, Fellowship and Worship
Parish weekend
Youth work (including salaries)
Clergy expenses
Organist and music
Christian education
Sacristy
Hospitality
Playgroup/Lunch Club
Community engagement (including salaries)
Miscellaneous
Buildings (Note 5c)
Repairs and maintenance
Professional fees
Utilities
Insurance
Cleaning and materials
Depreciation
Miscellaneous
New building or major works
Missionary and charitable giving (Note 5d)
Costs incurred on support and administration
Operations manager and admin assistant
Pension contributions
Governance costs:
Accounts independent examination
Other
Printing, post and stationery (incl. dep'n)
Subscriptions and professional fees
Other support and administration costs
Combined Charitable Activity cost
Buildings (analysed by property)
St. Paul's Church
St. Saviour's Church and Flat
St. Paul's Church Hall
8 Ruskin Walk		 Restricted
Total
Total
General Designated
Funds
2025
2024
£
£
£
£
£
158,180
-
-
158,180
148,000
-
19,881
2,000
21,881
-
37,313
5,826
-
43,139
42,899
6,355
-
-
6,355
5,374
12,683
-
-
12,683
27,297
618
-
-
618
1,572
8,406
-
-
8,406
7,322
1,560
-
-
1,560
1,725
1,177
-
-
1,177
1,201
-
51,361
-
51,361
49,842
1,496
-
-
1,496
1,180
Unrestricted Funds
69,607
77,068
2,000
148,675
138,413
30,740
10,417
5,000
46,157
37,751
-
15,752
-
15,752
19,050
17,310
-
-
17,310
24,517
11,912
-
-
11,912
10,906
14,142
63
-
14,205
13,412
-
525
-
525
4,634
2,580
-
-
2,580
2,229
-
-
-

-
44,109
76,685
26,757
5,000
108,442
156,608
19,382
-
6,684
26,066
25,442
323,854
103,825
13,684
441,363
468,463
56,489
12,074
1,500
70,062
69,727
2,064
887
-
2,951
2,745
58,552
12,961
1,500
73,013
72,472
2,820
-
-
2,820
2,586
55
-
-
55
491
2,875
-
-
2,875
3,077
5,238
-
-
5,238
4,772
1,618
-
-
1,618
2,100
4,293
60
-
4,353
4,904
72,576
13,021
1,500
87,097
87,325
396,430
116,846
15,184
528,460
555,787
Restricted
Total
Total
General Designated
Funds
2025
2024
£
£
£
£
£
55,717
26,232
-
81,950
68,334
15,808
-
5,000
20,808
81,165
423
525
-
948
392
4,737
-
-
4,737
6,718
Unrestricted Funds
76,685
26,757
5,000
108,442
156,608

Page 13

d) Missionary and charitable giving
Missionary support
Educational grants
Relief of poverty and other charitable giving
The main features of the grants made were:
EDEN, associated with A Rocha
International Justice Mission
Kabanda Trust
Evangelical Episcopal Church of Jerusalem
St. Saviour's School
Christians Against Poverty
CHIPS (Christian International Peace Service)
St. Christopher's Hospice
Individuals, and other organisations under £1,000		 Institutions Individuals
2025
2024
£
£
£
£
10,074
-
10,074
9,747
2,519
-
2,519
5,636
9,557
3,916
13,473
10,059		 Institutions Individuals
2025
2024
£
£
£
£
10,074
-
10,074
9,747
2,519
-
2,519
5,636
9,557
3,916
13,473
10,059
22,150
3,916		 26,066
25,442
2025
2024
£
£
3,358
2,437
3,358
2,437
3,358
4,873
-
1,167
2,519
5,000
3,519
2,202
2,519
1,175
2,519
-
4,916
6,151
26,066
25,442

Some comparatives in this note 5 have been adjusted for disclosure purposes, but the total expenditure remains unchanged.

6 Staff & Trustees

Gross wages, salaries & benefits in kind
Employer's National Insurance costs
Employer pension contributions
Total staff costs		 2025
2024
£
£
141,732
138,431
4,342
5,388
2,951
2,745
149,025
146,563

The average number of employees during the year was 8 (2024: 8). Most of the charity's activities are carried out by volunteers. No staff received salaries at a rate of more than £60,000 per annum.

Key management are considered to be the vicar, associate vicars and curates although none were employed by the PCC in the year.

Rebecca Lewis, a trustee until May 2025, received employment benefits totalling £36,692 (2024: £35,863) in her capacity as a debt coach and not as a trustee, as permitted by the governing document.

Sharon Calderbank, spouse of trustee Peter Calderbank, received employment benefits totalling £12,864 (2024: £10,780) in her capacity as administration assistant.

Josh Goodyear, son of trustee Rev. Ben Goodyear, received employment benefits totalling £2,161 (2024: £493) in his capacity as a cleaner.

There was no clergy accommodation provided at a cost to the PCC (2024: none).

No remuneration was paid to any trustee during the year nor to any person connected to them other than disclosed above.

The total amount of donations funded by trustees and other connected parties was £46,947 (2024: £48,067).

No other transactions have taken place with related parties during the year.

No fees were payable to Stewardship for any other services than examination of the accounts.

Page 14

7 Tangible Fixed Assets

Cost
At 31 December 2024
Additions
Write-offs
Transfer out
At 31 December 2025
Accumulated Depreciation
At 31 December 2024
Charge for the year
Write-offs
Transfer out
At 31 December 2025
Net book value
At 31 December 2024
At 31 December 2025
8
Fixed Asset Investments
Investment property
Cost or fair value brought forward
Transfer in
Change in value of investments
Fair value carried forward		 Equipment
& Fittings
Property
Total
£
£
£
24,838
231,334
256,172
6,142
-
6,142
-
-
-
-
(226,084)
(226,084)		 Equipment
& Fittings
Property
Total
£
£
£
24,838
231,334
256,172
6,142
-
6,142
-
-
-
-
(226,084)
(226,084)
30,981 5,250
36,231
14,970
3,101
-
-		 149,005
163,975
525
3,626
-
-
(148,830)
(148,830)
18,070 700
18,770
9,869 82,329
92,197
12,910 4,550
17,460
2025
2024
£
£
-
-
77,254
-
1,322,746
-
1,400,000
-

8 Ruskin Walk was purchased in 1995, extended 1999 and renovated in 2007. Since 2025, it has been considered an investment property by the definition of the accounting SORP FRS 102. The valuation was determined by obtaining independent market appraisals from three qualified estate agents in April 2025, with the lowest value of £1,400 000 adopted to reflect prudent measurement under Charities SORP (102). This valuation was not considered to be materially different at the year end.

9 Debtors and Prepayments

ors and Prepayments
Tax recoverable
Prepayments
Deposit for use of St. Saviour's school
Accrued income
Other debtors		 2025
2024
£
£
6,995
5,182
11,490
7,753
450
450
4,030
2,887
-
-
22,965
16,272

Page 15

10 Cash at Bank and in Hand

Bank operating accounts
Short term deposits
Petty cash
itors: liabilities falling due within one year
PAYE/NIC
Independent examination fees
Deposits held
Other creditors and accruals		 2025
2024
£
£
11,486
12,757
131,459
266,767
20
20
142,965
279,544
2025
2024
£
£
3,013
2,572
2,820
2,586
400
1,160
7,088
5,823
13,321
12,141

11 Creditors: liabilities falling due within one year

12 Pension Commitments

During the year employer's pension contributions totalling £2,951 (2024: £2,745) were payable to defined contribution personal pension schemes. No pension contributions were overdue at the balance sheet date (2024: £nil).

13 Funds - 2025

General funds:
Designated funds:
Properties Fund
Revaluation Reserve
Parish Weekend Away Fund
Community Engagement Fund
St. Paul's Boundary Wall Repair Fund
Restricted funds:
Churchwardens' Hardship Relief Fund
Cost of Living Fund
Earmarked Gifts
Total funds:
Operating Fund		 Opening
Incoming
Outgoing
Transfers
Closing
balance
resources
resources in the year
balance
£
£
£
£
£
15,225
375,460
(396,430)
9,000
3,256
82,329
-
(525)
-
81,804
-
-
1,322,746
-
1,322,746
25,000
-
-
(10,000)
15,000
115
18,905
(19,941)
1,000
80
191,611
-
(70,148)
-
121,463
50,000
-
(26,232)
-
23,768
349,055
18,905
1,205,900
(9,000) 1,564,860
4,789
900
(5,245)
-
444
1,274
-
(1,081)
-
194
5,529
4,646
(8,859)
-
1,315
11,592
5,546
(15,184)
-
1,953
375,872
399,912
794,286
-
1,570,070

The Properties Fund represents 8 Ruskin Walk and St. Paul's hall. Since 2025, 8 Ruskin Walk has been considered an investment property by the definition of the accounting SORP FRS 102 and is, therefore included at its estimated valuation. The revaluation reserve represents the increase in valuation as a result of this change. The Operating Fund is a reserve set aside to meet the parish's operating costs should it be required. The Community Engagement Fund is earmarked for projects that support the broader community within the parish and represents the funding required to continue the parish's existing community work for a further three years. The other funds are self-explanatory.

The restricted funds represent amounts received for specific purposes. The purpose of the funds is selfexplanatory. Earmarked gifts represent amounts given by members of the church for specific purposes and are usually spent within the year. Towards the end of 2025, £1,315 was raised to support relief work associated with Hurricane Melissa; this was paid over in early 2026.

Page 16

The assets and liabilities represented by the various funds are as follows:

Restricted funds
Unrestricted funds:
- General
- Designated
s - 2024
General funds:
Designated funds:
Properties Fund
St. Saviour's Development Fund
Parish Weekend Away Fund
Community Engagement Fund
Organ Restoration Fund
St. Paul's Boundary Wall Repair Fund
Restricted funds:
St. Paul's Building & Fabric Fund
St. Paul's Music Fund
Churchwardens' Hardship Relief Fund
Cost of Living Fund
Earmarked Gifts
Total funds:
Operating Fund		 Fixed Bank/cash
Other net
assets
balances
assets
Total
£
£
£
£
-
1,953
-
1,953
12,910
(19,299)
9,644
3,256
4,550
1,560,311
-
1,564,861
17,460
1,542,965
9,644
1,570,070
Opening
Incoming
Outgoing
Transfers
Closing
balance
resources
resources in the year
balance
£
£
£
£
£
8,080
374,551
(385,073)
17,667
15,225
81,713
-
(4,634)
5,250
82,329
97,500
-
-
(72,500)
25,000
25,032
5,000
(65,534)
35,502
-
175
-
(60)
-
115
256,079
650
(65,118)
-
191,611
10,484
-
(18,776)
8,291
-
50,000
-
(5,790)
5,790
50,000		 Fixed Bank/cash
Other net
assets
balances
assets
Total
£
£
£
£
-
1,953
-
1,953
12,910
(19,299)
9,644
3,256
4,550
1,560,311
-
1,564,861
17,460
1,542,965
9,644
1,570,070
520,984
5,650
(159,912)
(17,667)
349,055
2,518
-
(2,518)
-
-
-
3,469
(3,469)
-
-
4,808
100
(2,619)
2,500
4,789
2,283
54
(1,062)
-
1,274
3,254
5,908
(1,133)
(2,500)
5,529
12,863
9,531
(10,802)
-
11,592
541,927
389,732
(555,787)
-
375,872

14 Funds - 2024

The restricted funds represent amounts received for specific purposes.

The assets and liabilities represented by the various funds are as follows:

Restricted funds
Unrestricted funds:
- General
- Designated		 Fixed Bank/cash
Other net
assets
balances
assets
Total
£
£
£
£
-
11,592
-
11,592
9,869
1,225
4,131
15,225
82,329
266,726
-
349,055
92,197
279,544
4,131
375,872

Page 17

15 Acting as agent

One of the parish's bank accounts is used to receive agency amounts. These amounts, most of which relate to special collections that are not contributions to parish funds, are subsequently paid to the rightful final recipients. This bank account is also used to receive, and pay back, deposits from hirers of parish buildings. At no point did the funds belong to the parish, rather its bank account was simply used for administrative purposes.

The agency receipts and payments relating to deposits and collections was £7,110 (2024: £3,075). Agency amounts of £400 were held at the year end (2024: £1,160).

Page 18

THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF HERNE HILL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31ST DECEMBER 2025

Unrestricted Funds Unrestricted Funds
General Designated Restricted Funds Total Funds
Note 2025 2024 2025 2024 2025 2024 2025 2024
£ £ £ £ £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 228,787 229,570 2,399 5,650 5,516 9,481 236,702 244,701
Charitable activities 3 46,652 5,749 16,506 - 30 50 63,188 5,799
Investments 4 94,842 139,233 - - - - 94,842 139,233
Other income 5,180 - - - - - 5,180 -
Total Income 375,461 374,551 18,905 5,650 5,546 9,531 399,912 389,732
EXPENDITURE ON
Charitable activities 5 396,430 385,073 116,846 159,912 15,184 10,802 528,460 555,787
Total Expenditure 396,430 385,073 116,846 159,912 15,184 10,802 528,460 555,787
Net income/(expenditure) (20,969) (10,522) (97,941) (154,262) (9,639) (1,271) (128,548) (166,055)
Revaluation Reserve - - 1,322,746 - - - 1,322,746 -
Transfers between funds 9,000 17,667 (9,000) (17,667) - - - -
(11,969) 7,145 1,215,806 (171,929) (9,639) (1,271) 1,194,198 (166,055)
Net movement in funds (11,969) 7,145 1,215,806 (171,929) (9,639) (1,271) 1,194,198 (166,055)
Reconciliation of funds:
Total funds b/f 15,225 8,080 349,055 520,984 11,592 12,863 375,872 541,927
Total funds c/f 3,256 15,225 1,564,861 349,055 1,953 11,592 1,570,070 375,872

Movements on reserves and all recognised gains and losses are shown above.

Page 19