Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
Charity number: 1134718
The Parochial Church Council of the Ecclesiastical Parish of Christ Church, Beckenham
Annual Report and Financial Statements
For the year ended 31 December 2025
Auditors
Griffin Stone Moscrop & Co Chartered Accountants Statutory Auditors 21-27 Lamb’s Conduit Street London WC1N 3GS
Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
CONTENTS
| Page | |
|---|---|
| Reports | |
| Annual Report of the Parochial Church Council | 1 - 6 |
| Independent Auditors’ Report | 7 - 10 |
Financial Statements Statement of Financial Activities 11 Balance Sheet 12 Notes to the Financial Statements 13 - 42
Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2025
The Parochial Church Council (PCC) presents its annual report and financial statements for the year ended 31 December 2025.
Aim and Purpose
The Parochial Church Council (PCC) has the responsibility of working with the Vicar and staff team in promoting the whole mission of the Church. At Christ Church, Beckenham (CCB) we have defined our mission as: ‘to share the love of Jesus Christ in word and deed so that people become his followers to the glory of God’.
Reference and Administration Information
The Parochial Church Council of the Ecclesiastical Parish of Christ Church, Beckenham was registered with the Charity Commission on 8 March 2010, number 1134718.
Location
Christ Church is situated in Fairfield Road, Beckenham. It is part of the Diocese of Rochester within the Church of England. The correspondence address is Christ Church Office, 1A Christ Church Road, Beckenham, BR3 3LE.
Membership
The members of the PCC from 1 January 2025 to the date of approval of this report (made up of ex-officio members, members elected by the APCM in accordance with the Church Representation Rules and co-opted members) were:
Incumbent: The Rev Robert Hinton (Chair)
Other staff: Miss Kirstyn Oliver (Children and Families Minister) (co-opted member)
Wardens: Frank Martindale (until 12 May 2025) Jonathan Poole (Warden from 12 May 2025) Hilary Walker
Deanery Synod Representatives: Gillian Boulton Sarah Poole Diocesan Synod Representative: Sarah Poole Elected members: Gareth Ahier (from 2 June 2025) Jane Chowdhury (from 2 June 2025) Jane Digby (from 12 May 2025) Sian Henderson Andrew Lancaster (from 12 May 2025) Anne Lancaster Simon McCabe (from 12 May 2025) Pauline Marke (until 12 May 2025) Nick Randell Ruth Salama (until 12 May 2025) Derrick Sanyahumbi
PCC Secretary Helen Rendell Treasurer Sarah Martin
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Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2025
REFERENCE AND ADMINISTRATION INFORMATION (continued)
Bankers
National Westminster Bank Plc 143 High Street Bromley, BR1 1JH
Independent auditors
Griffin Stone Moscrop & Co Chartered Accountants Statutory Auditors 21-27 Lamb’s Conduit Street London, WC1N 3GS
STRUCTURE, GOVERNANCE AND MANAGEMENT
Parochial Church Council
The Parochial Church Council (‘PCC’) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure 1956, as amended and the Church Representation Rules.
PCC members are elected at the Annual Parochial Church Meeting by Electoral Roll members present at the meeting. One third of members will retire each year and new members are elected for 3 years. Church Representation Rules provide for a minimum of 9 elected members. There are also 3 elected members to the Deanery Synod who serve for 3 years and who are also voting members of the Church Council.
Our arrangements ensure that new PCC members undergo an induction to brief them on their legal obligations under Charity and Church law, and their role as members of the Council.
Volunteers : The PCC relies on the help of many volunteers who devote at least 100 hours per week to assist in running the Church.
Public Benefit : The PCC has considered the Charity Commission’s guidance on public benefit. This has always been at the very heart of our mission statement and the following review depicts just some of our many activities enabling ordinary people to live out their faith as part of our parish community.
Risk Assessment Policy: Major risks have been reviewed, and systems or procedures have been established to manage those risks, in particular those related to the buildings and finances.
Meetings of the PCC and Committees
Since the APCM in May 2025 until the time of writing, the PCC has met six times physically. All meetings were opened with a scripture reading and prayer, led by a member of the Council. All meetings closed in prayer.
The following Groups continued to meet and support the work of the PCC, submitting reports and recommendations as appropriate throughout the year:
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Buildings: responsible for the maintenance and upkeep of the Church, Halls and Church houses.
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Finance: oversight of the Church accounts and investment accounts, co-ordination of the Audit process and responsibility to update the Council on all aspects of finance including trusteeship and pension provision.
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Missionary Support Group: its role is to encourage prayer and financial support for Mission Partners commissioned by Christ Church. Contributions received from the Church family in 2025, on Mission Sundays, have enabled contributions to be made towards their financial support.
These Groups are mainly made up of PCC members with the power to co-opt other members as needed.
The Standing Committee was convened five times by email.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2025
ACHIEVEMENTS AND PERFORMANCE
The motto text from Psalm 103:1: “Bless the Lord, O my soul, and all that is within me, bless his holy name!” was the guiding word for the whole of 2025; the congregation embraced it from the start and together we learned what it meant and saw it coming to fruition in our fellowship.
In its heart, the church is about the participation in - and the expression of - worship. Across the whole of life, as well as in fellowship in Christ Church on a Sunday, we are called to worship God in all things and at all times. This was the overarching focus of 2025, and it was a time of blessing. We developed new ways of worshipping in music, art, word, and fellowship. We had a Worship Weekend at Home which welcomed gifted teachers and encouragers from across the country to inspire us to see that we all have the opportunity to engage in worship in different ways. Our LifeGroups also spent a great deal of time looking deeper into the need for greater commitment to congregational worship on a Sunday. We have seen the benefits of this grow throughout the year.
The other big news in 2025 was the granting of planning permission to carry out planned development works to the lower halls complex. It has taken more than 40 years - and more than 6 attempts - to secure the necessary planning permission, and an enthusiastic unity of spirit to get to this point; the congregation was encouraged to reflect that if all things are in the Lord’s timing (which we do believe), then God has chosen this time and this congregation to do this work. A talented and qualified team was set up to take this vision to fruition.
2025 continued the exciting trend of welcoming many new members to our regular Sunday worshipping fellowship. New faces, new experiences, and new gifts are being seen in all aspects of church life. We have seen a new spirit of generosity, love, and unity giving rise to a greater joy and freedom of expression in faith, mission, and fellowship.
Once again, we ran the Bereavement Journey course and Café Matthew (our bereavement café), both of which are valued and growing beyond our church and the local community.
Weekly Sunday attendance has remained steady with some growth at both the 9 and 11 a.m. services. We are glad to welcome new people and 2026 has been designated as a year where we improve our welcome. As noted in last year’s report, monthly attendance seems to be the more accurate measure of church membership and committed attendance. Once again, our major festival services were higher than ever – such incredible celebrations of faith and community. We remain committed to live streaming our main Sunday services despite the technical challenges this can pose, but it is a crucial link to those who cannot get to church due to poor health or distance; we value this fellowship enormously.
This year has been marked by growth, welcome, and deepening engagement across the life of the church. Our Encounter services for those with special educational needs have extended their reach and impact, culminating in a particularly joyful SEN carol service in December, and as Kirstyn continues to deepen her ministry at CCB she is also much in demand across the globe with speaking engagements in Australia, the USA, and Europe. This year she began a PhD in Applied Theology at Roehampton University. We are very blessed to have her on our ministry team.
At the same time, a wide range of ministries continued to offer practical care and missional presence to all ages within our community. Open Doors, Community Lunch, Short Mat Bowls, CCB Kids, Baby and Toddlers, The Junction, Knit and Natter, and Men Behaving Dadly all provided regular opportunities for connection, welcome, and service, ensuring that both the youngest and the oldest remained at the heart of our shared life. Thanks be to God!
Electoral Roll: There were 170 on the Electoral Roll on 1 January 2025 and 134 at 31 December 2025, following a full revision of the Roll in 2025.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2025
Major matters of Council business in 2025
The PCC devoted a great deal of time to Finance, the Building Project and Property. The first two have mission at their core in so much as they both have at their core the physical means by which we can better proclaim the gospel in word and deed. The continued support for the “Come As You Are” building project has been notable for its unity and enabled us to progress to a full planning application for the first time in the 45 years of discussing the redevelopment of our halls complex.
Our finances are in rude health, despite a reduction in giving, and with that comes great responsibility. Our new systems mean that there is greater ease and transparency of budgeting, reporting and discussion. In 2025 we again increased staff salaries (non-clergy) in line with inflation; we will do the same in 2026.
Deanery Synod Report
Christ Church is entitled to three elected members of the Deanery Synod, but we have only two as well as the Vicar. There have been three meetings during the past year. The first one was in March 2025 at Christ Church Chislehurst where we joined with Bromley Deanery to hear Bishop Jonathan speak about the Diocesan Vision and Strategy and our new Area Dean, Rev Richard Jones, was inducted.
It was agreed that the next few meetings would be at different churches in the Deanery where we would share in a service, possibly communion, in the tradition of that church. The first one took place in June at Christ Church, Beckenham led by Rev Rob Hinton.
The final meeting of the year was in October at St James’, where Father Russell led a festive evening song including Eucharist. All PCC members were invited to this service.
General business was also reported on at every meeting.
Diocesan Synod Report
Sarah Poole is the Lay Chair of the Diocesan Synod. There were three meetings in 2025, one in each Archdeanery. All meetings start with a time of worship and the Presidential address from the bishop, with reports on safeguarding, and General Synod.
The meeting in March heard about the successful bid to fund the new Diocesan Vision and Strategy. Seeking first the kingdom of God, we are called together by God to change, serve and grow with compassion, courage and creativity. There was also a report on ‘The Environment and Sustainability’.
July’s meeting had the presentation of the Annual Report and Accounts and a report of the Diocesan net zero plan.
December’s meeting was held at St John’s Chatham which had recently been recommissioned and opened after extensive work; a presentation was given about the building. There was also an opportunity to look around. The budget was presented and an update given on the Diocesan Vision and Strategy as well as a report on the environment. Synod also agreed the Lay Representation to Deanery Synods for the next elections.
Fabric, Goods and Ornaments of the Church
In 2025 the spire was repointed as required by the Quinquennial Inspection at a cost of £48,000 which was met out of reserves. The PCC also replaced the chairs in the main hall at a cost of around £4,000 with the help of a legacy from Audrey Anderson.
A new photocopier was purchased in 2025, and this has drastically reduced our printing costs. A new carpet was fitted in the church office.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2025
The Lea Wilson Hall roof is now leaking badly but even temporary repairs have been quoted at approximately £10,000. We continue to hold off until we have a better understanding of when the lower halls building project will commence.
FUTURE PLANS
Following the planning approval, we are now working hard to bring the “Come As You Are” building vision to fruition; 2026 will be a year of detailed plans, tendering by construction contractors, grant applications and fundraising and pledges. We hope that by the end of 2026 we will be in a position to commence construction in 2027.
2026 is designated as a year of Welcome, under the bible text “Welcome one another, therefore, just as Christ has welcomed you, for the glory of God”, Romans 15:7. The whole church is being taught and encouraged to improve, deepen, and widen our welcome.
2026 is also the 150[th] anniversary of Christ Church, Beckenham, and we have plans in place for this to be a church and community celebration of this aspect of the mission of God in Beckenham.
We will continue to look at ways to improve the church heating.
FINANCIAL REVIEW
The Statement of Financial Activities details a surplus of income over expenditure of £37,032 (2024 – a deficit of income over expenditure of £35,285) before unrealised gains/losses on investments. This sum is after inclusion of £39,985 (2024 - £39,768) investment income on the Thornton Dene Proceeds Fund which is not used to meet everyday expenditure arising.
Congregational giving to unrestricted funds for the year, including Gift Aid claimed, decreased by £13,656 (12.6%).
We are fortunate to have continued to receive significant income from our property and savings investments which totalled £268,142 (2024 - £257,852).
Congregational Missionary Giving to the restricted Missionary Support Fund, including Gift Aid arising, increased by £5,295 (13.9%).
Unrestricted expenditure totalled £401,249, a decrease of £13,600 from the 2024 total of £414,849.
The overall net movement in funds for the year is £676,371 after taking account of unrealised gains on the revaluation of investment properties of £730,000 less the decrease in market value of £90,661 of our cash and near-cash investments which are held both with the Rochester Diocese and CCLA - the specialist charity fund manager which maintains The Church of England Investment Fund.
Grant making policy: The PCC makes donations to individuals or charitable organisations with activities which are sympathetic to those of the Church. Included amongst these during 2025 was a grant of £5,000 made to St John the Evangelist Church (CAP) project run by St John’s Penge, to assist in its ongoing working needs.
Reserves policy: The reserves policy of the PCC is to hold near cash funds to cover at least 3 months’ operating expenditure (being total unrestricted general expenditure plus transfers to the designated property repair funds); based on 2025 figures, this is £95,359. At 31 December 2025, liquid unrestricted general reserves totalled £164,395, which provides a buffer in 2026 for any void periods in respect of property rental income or fluctuations in congregational giving.
As a matter of prudency, funds are set aside in unrestricted designated accounts held by Rochester Diocese to meet emergency and cyclical property repair requirements.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2025
Going concern: The PCC members, after making appropriate enquiries, have a reasonable expectation that the PCC 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.
Once again, the PCC wishes to thank all who generously support the work of the church, through continued prayer, financial contributions and voluntary assistance in the many spheres of the church’s life. We give grateful thanks for the foresight of our predecessors of many years ago together with those in recent times who have bequeathed us such a substantial financial foundation which aids the continuation of our Christian witness in Beckenham.
STATEMENT OF PCC MEMBERS’ RESPONSIBILITIES
The PCC members are 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).
The law applicable to charities in England and Wales requires the PCC members to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the PCC and of the incoming resources and application of resources of the PCC for that period. In preparing these financial statements, the PCC members are required to:
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(a) select suitable accounting policies and apply them consistently;
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(b) observe the methods and principles in the Charities SORP;
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(c) make judgements and estimates that are reasonable and prudent;
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(d) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the PCC will continue in operation.
The PCC members are responsible for keeping accounting records that are sufficient to show and explain the PCC’s transactions and disclose with reasonable accuracy at any time the financial position of the PCC and enable it to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the Church Representation Rules.
PCC members are also responsible for safeguarding the assets of the PCC and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the PCC and signed on its behalf by:
…………………………......................
The Rev R Hinton, Chair Chair
Date:27 April 2026
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
Opinion
We have audited the financial statements of The Parochial Church Council of the Ecclesiastical Parish of Christ Church, Beckenham ('the PCC') for the year ended 31 December 2025 which comprise the statement of financial activities, the balance sheet and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
The financial statements have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards 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.
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.
In our opinion the financial statements:
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give a true and fair view of the state of the PCC's affairs as at 31 December 2025 and of its incoming resources and application of resources for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the PCC in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the PCC members' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the church's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the PCC members with respect to going concern are described in the relevant sections of this report.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM (CONTINUED)
Other information
The other information comprises the information included in the annual report other than the financial statements and our auditors' report thereon. The PCC members are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
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the information given in the PCC members' report is inconsistent in any material respect with the financial statements; or
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sufficient accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records and returns; or
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we have not received all the information and explanations we require for our audit.
Responsibilities of PCC members
As explained more fully in the Statement of PCC members' responsibilities, the PCC members are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the PCC members determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the PCC members are responsible for assessing the PCC's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the PCC members either intend to liquidate the church or to cease operations, or have no realistic alternative but to do so.
Auditors' responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM (CONTINUED)
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures designed and implemented to detect irregularities, including fraud, are detailed below:
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Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias;
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Carrying out substantive checking to supporting documentation, on a sample basis, of individual transactions within income and expenditure to give comfort that the statement of financial activities does not contain any irregular items;
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Verifying that material balances within the balance sheet are supported by third party evidence to confirm existence and valuation at the balance sheet date;
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Enquiry of management and those charged with governance around actual and potential litigation and claims; and
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Reviewing minutes of PCC meetings.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:
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Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
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Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectiveness of the PCC's internal control.
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Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the PCC members.
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Conclude on the appropriateness of the PCC members' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the PCC's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors' report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors' report. However, future events or conditions may cause the charity to cease to continue as a going concern.
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Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM (CONTINUED)
Use of our report
This report is made solely to the PCC members, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the PCC members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the PCC members, as a body, for our audit work, for this report, or for the opinions we have formed.
Griffin Stone Moscrop & Co
Chartered Accountants Statutory Auditors 21-27 Lamb's Conduit Street London WC1N 3GS
Date: 29/4/2026
Griffin Stone Moscrop & Co are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025
| Note Income and endowments from: Donations and legacies 4 Charitable activities 5 Investments 6 Total income and endowments Expenditure on: Raising funds 7 Charitable activities 8 Total expenditure Net (expenditure)/income before net gains/(losses) on investments Net gains/(losses) on investments Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2025 £ 95,048 38,400 244,198 377,646 16,650 384,599 401,249 (23,603) 293,506 269,903 2,833,461 269,903 3,103,364 |
Restricted funds 2025 £ 89,843 - 23,944 113,787 - 78,152 78,152 35,635 - 35,635 19,731 35,635 55,366 |
Endowment funds 2025 £ 25,000 - - 25,000 - - - 25,000 345,833 370,833 5,285,907 370,833 5,656,740 |
Total funds 2025 £ 209,891 38,400 268,142 516,433 16,650 462,751 479,401 37,032 639,339 676,371 8,139,099 676,371 8,815,470 |
Total funds 2024 £ 153,885 35,739 257,852 447,476 76,037 406,724 482,761 (35,285) (13,155) (48,440) 8,187,539 (48,440) 8,139,099 |
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The statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 13 to 42 form part of these financial statements.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
BALANCE SHEET AS AT 31 DECEMBER 2025
| Note Fixed assets Tangible assets 14 Investment property 15 Investments 16 Current assets Stocks Debtors 17 Short-term deposits Cash at bank and in hand Creditors: amounts falling due within one year 18 Net current assets Total net assets Charity funds Endowment funds 20 Restricted funds 20 Unrestricted funds 20 Total funds |
662 86,568 446,144 64,504 597,878 (66,046) |
2025 £ 2,821,730 3,146,000 2,315,908 8,283,638 531,832 8,815,470 5,656,740 55,366 3,103,364 8,815,470 |
521 71,973 431,279 75,582 579,355 (87,677) |
2024 £ 3,217,837 2,016,000 2,413,584 |
|---|---|---|---|---|
| 7,647,421 491,678 |
||||
| 8,139,099 | ||||
| 5,285,907 19,731 2,833,461 |
||||
| 8,139,099 |
The financial statements were approved and authorised for issue by the PCC members and signed on their behalf by:
................................................
The Rev R Hinton
Chair
Date: 27 April 2026
The notes on pages 13 to 42 form part of these financial statements.
Page 12
Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. General information
Christ Church, Beckenham is an Evangelical Anglican Church located in Fairfield Road, Beckenham, BR3 3LE. A description of the nature of the PCC's operations and its principal activites can be found in the annual report of the PCC.
The presentation currency in these financial statements is sterling and figures are rounded to the nearest pound.
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. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
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 Christ Church, Beckenham ('the PCC') meets the definition of a public benefit entity under FRS 102.
2.2 Going concern
The financial statements have been prepared on the going concern basis. There are no material uncertainties related to events or conditions that may cast significant doubt upon the PCC's ability to continue as a going concern.
2.3 Income
All income is recognised once the PCC has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Collections are recognised when received by, or on behalf of, the PCC. Planned giving received under Gift Aid or deeds of covenant is recognised when received. Other donations are recognised when they have been communicated or received in writing with notification of both the amount and settlement date. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Page 13
Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
2. Accounting policies (continued)
2.3 Income (continued)
For legacies, entitlement is taken as the earlier of the date on which either: the PCC is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the PCC has been notified of the executor's intention to make a distribution. Where legacies have been notified to the PCC, or the PCC is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.
Rental income from the letting of church premises is accounted for when due. Parochial fees due to the PCC for the letting of church premises is accounted for on an event-by-event basis.
Dividends and interest on funds held on deposit is included when receivable and the amount can be measured reliably by the PCC; this is normally upon notification of the interest paid or payable by the bank.
Other income is accounted for when due.
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.
Expenditure on raising funds comprises investment management costs relating to the maintenance and servicing of the PCC's investment properties.
Expenditure on charitable activities comprises costs directly relating to the work of the church and includes supporting mission and mission-related activity, mainly outside the parish, allocated at the discretion of the Mission Support Group. The Diocesan parish share is accounted for when payable, the amount being determined by the PCC.
Support costs are those costs incurred directly in support of expenditure on the objects of the PCC. Governance costs are those incurred in connection with administration of the PCC and compliance with constitutional and statutory requirements. Support costs and governance costs are analysed in Note 9 and have been allocated in full to expenditure on charitable activities.
Costs of generating funds are costs incurred in maintaining the PCC's investment properties.
Costs of charitable activities and governance costs are costs incurred on the PCC's operations, including support costs and costs relating to the governance of the PCC apportioned to charitable activities.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
The PCC is not registered for VAT purposes and so all expenditure is inclusive of irrecoverable VAT.
Page 14
Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
2. Accounting policies (continued)
2.4 Expenditure (continued)
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 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 raising funds includes all expenditure incurred by the PCC to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the PCC's objectives, as well as any associated support costs.
2.5 Tangible fixed assets and depreciation
All assets costing £2,500 or more are capitalised.
Consecrated land and buildings and moveable church furnishings
Consecrated and beneficed property of any kind is excluded from the financial statements by section 10(2) to (4) of the Charities Act 2011.
Moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are accounted for as inalienable property unless consecrated. Inalienable property purchased since 1 January 1998 is capitalised and depreciated in line with the depreciation policy. No value has been attached in the financial statements to the property acquired prior to 1 January 1998. All expenditure incurred during the year on consecrated or beneficed buildings and moveable church furnishings, whether on maintenance or improvement, is written off as expenditure in the statement of financial activities and separately disclosed.
Other land and buildings
Other land and buildings held on behalf of the PCC for its own purposes are included at cost. They were previously held at market value, but the PCC has taken advantage of the transitional provision in FRS 102 to use previous valuations as at the transition date as deemed cost.
Furniture, fixtures and equipment
Individual items of equipment with a purchase price of less than £2,500 are written off in the period in which the asset is acquired.
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of that asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the statement of financial activities.
Page 15
Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
2. Accounting policies (continued)
2.5 Tangible fixed assets and depreciation (continued)
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is not charged on freehold land. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
- Freehold property over the anticipated economic life - Furniture, fixtures and 25% - 33.3% on a straight line basis equipment Other fixed assets - 33.3% on a straight line basis
2.6 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the balance sheet date, unless fair value cannot be measured reliably in which case they are measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and are shown under the heading 'Net gains on investments’ in the statement of financial activities.
2.7 Investment properties
Investment properties are measured initially at cost and subsequently at fair value at the balance sheet date in accordance with FRS 102 and are not depreciated.
2.8 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.9 Debtors
Amounts owing to the PCC in respect of fees, rents or other income are shown as debtors less provision for any amounts that may prove uncollectable. These are recognised initially at the settlement amount. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.10 Cash and cash equivalents
Cash at bank and in hand and short term deposits comprise cash and short-term highly liquid investments held with either CBF Church of England funds or the Rochester Diocesan Board of Finance, with a short maturity of three months or less from the date of opening of the deposit or similar account.
Page 16
Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
2. Accounting policies (continued)
2.11 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 PCC 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.
2.12 Financial instruments
The PCC 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.
2.13 Pensions
The PCC is a member of a multi-employer plan. Where it is not possible for the PCC to obtain sufficient information to enable it to account for the plan as a defined benefit plan, it accounts for the plan as a defined contribution plan.
The PCC participates in the Pension Builder Scheme section of the Church Workers Pensions Fund (CWPF) for lay staff. The CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets separately from those of the PCC and other participating employers.
The CWPF has two sections:
-
the 'Defined Benefits Scheme'
-
the 'Pension Builder Scheme', which has two subsections:
-
a. a deferred annuity section known as 'Pension Builder Classic', and
-
b. a cash balance section known as 'Pension Builder 2014'.
Pension Builder Scheme
Both sections of the Pension Builder Scheme are classed as defined benefit schemes:
Pension Builder Classic provides a pension, accumulated from contributions paid and converted into a deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from time to time. Discretionary increases may also be added, depending on investment returns and other factors. This is the section relevant to the PCC.
Pension Builder 2014 is a cash balance scheme that provides a lump sum which members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment returns and other factors. The account, plus any bonuses declared is payable, unreduced, from age 65. The PCC does not currently participate in this section of the Pension Builder Scheme.
There is no sub-division of assets between employers in each section of the Pension Builder Scheme.
Page 17
Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
2. Accounting policies (continued)
2.13 Pensions (continued)
The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme’s assets and liabilities to specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs of £10,026 (2024 - £9,332) charged to the statement of financial activities in the year are the contributions payable.
A valuation of the Pension Builder Scheme is carried out once every three years. The most recent valuation was carried out as at 31 December 2022.
For the Pension Builder Classic section, the valuation revealed a surplus of £34.8m on the ongoing assumptions used. At the most recent annual review effective 1 January 2026, the Board chose to grant a discretionary bonus of 10% to both pensions not yet in payment and pensions in payment in respect of service prior to April 1997; and a bonus on pensions in payment in respect of post-April 2006 service so that the pension increase was also 10% (where usually it would be calculated based on inflation up to an annual cap of 5% for pensions in payment in respect of service prior to April 2006 and 2.5% for pensions in payment in respect of service post-April 2006). This followed improvements in the funding position over 2025. There is no requirement for deficit payments at the current time.
For the Pension Builder 2014 section, the valuation revealed a surplus of £8.5m on the ongoing assumptions used. There is no requirement for deficit payments at the current time.
The Church of England Pensions Board agreed that some employers could use assets in the Defined Benefits Sceme of the CWPF in lieu of contributions to Pension Builder Classic and/or Pension Builder 2014. This doesn't apply to the PCC.
The next valuation is being carried out as at 31 December 2025.
The legal structure of the scheme is such that if another employer fails, the PCC could become responsible for paying a share of the failed employer’s pension liabilities.
2.14 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 PCC and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the PCC for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the PCC 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.
Where an endowment is received, the PCC is required to invest the assets, or retain them for use in furtherance of its charitable purposes, rather than apply or spend them as income. A gift of endowment, where there is no power to convert the capital into income, is known as a permanent endowment fund. A permanent endowment fund must normally be held indefinitely.
Page 18
Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
2. Accounting policies (continued)
2.14 Fund accounting (continued)
Where the PCC has the power to convert endowment funds into income, such funds are known as expendable endowments. A gift of expendable endowment provides the PCC with a power to convert all or part of it into income. The aim and use of each endowment fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
3. Accounting estimates and areas of judgement
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The PCC makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results.
4. Income from donations and legacies
| Unrestricted funds 2025 £ Donations Unrestricted Gift-Aided offerings 57,222 Other offerings 12,080 Open plate offerings 4,074 Special appeals - Mission Support fund - Other donations 5,595 Tax refunds - Gift Aid 16,077 Subtotal 95,048 Legacies - Total 2025 95,048 Total 2024 113,704 |
Restricted funds 2025 £ - - - 620 36,576 30,834 6,813 74,843 15,000 89,843 40,181 |
Endowment funds 2025 £ - - - - - - - - 25,000 25,000 - |
Total funds 2025 £ 57,222 12,080 4,074 620 36,576 36,429 22,890 169,891 40,000 209,891 153,885 |
Total funds 2024 £ 68,228 13,900 4,351 1,087 30,804 5,311 25,204 |
|---|---|---|---|---|
| 148,885 | ||||
| 5,000 | ||||
| 153,885 | ||||
Page 19
Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. Income from charitable activities
| Unrestricted funds 2025 £ Church hall lettings 21,693 Youth and children's work/events 1,243 Events 4,632 Baby and toddler group 1,886 Tuesday lunches 7,163 Fees 1,783 Total 2025 38,400 Total 2024 35,739 |
Total funds 2025 £ 21,693 1,243 4,632 1,886 7,163 1,783 38,400 35,739 |
Total funds 2024 £ 23,615 338 1,748 2,350 6,638 1,050 |
|---|---|---|
| 35,739 | ||
6. Income from investments
| Unrestricted funds 2025 £ Investment properties - Garage 74,000 - Car park 42,000 - Houses 66,206 Dividends and interest (including any reclaimed tax) - Clergy Fund - - Capital Fund 4,223 - Pendleton Fund - - Other funds 57,769 Total 2025 244,198 Total 2024 234,283 |
Restricted funds 2025 £ - - - 22,815 - 271 858 23,944 23,569 |
Total funds 2025 £ 74,000 42,000 66,206 22,815 4,223 271 58,627 268,142 257,852 |
Total funds 2024 £ 78,875 42,000 48,567 22,285 4,125 320 61,680 |
|---|---|---|---|
| 257,852 | |||
Page 20
Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
7. Expenditure on raising funds - investment management costs
| Unrestricted funds 2025 £ Garage 652 Houses 15,998 Total 2025 16,650 Total 2024 76,037 |
Total funds 2025 £ 652 15,998 16,650 76,037 |
Total funds 2024 £ 11,515 64,522 |
|---|---|---|
| 76,037 | ||
8. Analysis of expenditure on charitable activities Summary by fund type
| Unrestricted funds 2025 £ Grants payable (Note 10) 18,571 Ministry 82,014 Church running costs 88,341 Facilities manager and 3 Christ Church Road costs 30,279 Church halls running costs 40,221 Other activities 51,424 Support and governance costs 73,749 Total 2025 384,599 Total 2024 338,812 |
Restricted funds 2025 £ 55,337 22,815 - - - - - 78,152 67,912 |
Total funds 2025 £ 73,908 104,829 88,341 30,279 40,221 51,424 73,749 462,751 406,724 |
Total funds 2024 £ 50,127 100,320 45,488 31,307 50,222 51,441 77,819 |
|---|---|---|---|
| 406,724 | |||
Page 21
Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
9. Analysis of expenditure on charitable activities by activity
| Grants payable (Note 10) Ministry Church running costs Facilities manager and 3 Christ Church Road costs Church halls running costs Other activities Support and governance costs Total 2025 Total 2024 |
Direct costs (including grants) 2025 Support and governance costs 2025 £ £ 73,908 - 104,829 - 88,341 - 30,279 - 40,221 - 51,424 - - 73,749 389,002 73,749 328,905 77,819 |
Total funds 2025 £ 73,908 104,829 88,341 30,279 40,221 51,424 73,749 462,751 406,724 |
Total funds 2024 £ 50,127 100,320 45,488 31,307 50,222 51,441 77,819 |
|---|---|---|---|
| 406,724 | |||
Page 22
Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
9. Analysis of expenditure on charitable activities by activity (continued)
Analysis of direct costs
| Grants payable (Note 10) Staff leaving gifts Diocesan parish share Diocesan levy on fee income Pastoral expenses Clergy houses expenses and maintenance Speakers and fees Vicar's discretionary expenses Depreciation Energy and water Insurance Organ Miscellaneous Repairs and maintenance Equipment Choirs Facilities manager and 3 Christ Church Road costs Kitchen and catering costs Youth and children's work Events Baby and toddler group Tuesday lunches Total 2025 Total 2024 |
Grants payable (Note 10) 2025 £ 73,908 - - - - - - - - - - - - - - - - - - - - - 73,908 50,127 |
Ministry 2025 £ - - 97,300 1,246 1,447 4,812 - 24 - - - - - - - - - - - - - - 104,829 100,320 |
Church running costs 2025 £ - - - - - - - - 4,587 9,404 5,380 2,146 30 65,065 1,432 297 - - - - - - 88,341 45,488 |
Facilities manager and 3 Christ Church Road costs 2025 £ - - - - - - - - - - - - - - - - 30,279 - - - - - 30,279 31,307 |
Church halls running costs 2025 £ - - - - - - - - - 20,586 3,527 - - 13,070 - - - 3,038 - - - - |
|---|---|---|---|---|---|
| 40,221 | |||||
| 50,222 |
Page 23
Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
9. Analysis of expenditure on charitable activities by activity (continued)
Analysis of direct costs (continued)
| Grants payable (Note 10) Staff leaving gifts Diocesan parish share Diocesan levy on fee income Pastoral expenses Clergy houses expenses and maintenance Speakers and fees Vicar's discretionary expenses Depreciation Energy and water Insurance Organ Miscellaneous Repairs and maintenance Equipment Choirs Facilities manager and 3 Christ Church Road costs Kitchen and catering costs Youth and children's work Events Baby and toddler group Tuesday lunches Total 2025 Total 2024 |
Other activities 2025 £ - - - - - - - - - - - - 473 - - - - - 40,492 1,736 955 7,768 51,424 51,441 |
Total funds 2025 £ 73,908 - 97,300 1,246 1,447 4,812 - 24 4,587 29,990 8,907 2,146 503 78,135 1,432 297 30,279 3,038 40,492 1,736 955 7,768 389,002 328,905 |
Total funds 2024 £ 50,127 - 94,497 773 966 3,709 - 375 2,991 30,072 8,319 2,564 514 46,807 1,631 320 31,307 2,879 38,355 3,414 1,246 8,039 |
|---|---|---|---|
| 328,905 | |||
Page 24
Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
9. Analysis of expenditure on charitable activities by activity (continued)
Analysis of support and governance costs
| Staff training Equipment Administrator / secretarial Stationery, copying and printing Telephone, fax and internet Subscriptions and publications Travel expenses Bank charges Publicity Governance costs - auditors' remuneration (Note 11) Total 2025 |
Total funds 2025 £ 666 2,834 44,265 1,554 2,250 1,960 336 779 114 18,991 73,749 |
Total funds 2024 £ 394 2,155 40,736 4,759 3,198 2,843 226 730 490 22,288 |
|---|---|---|
| 77,819 |
10. Grants payable
| Unrestricted funds 2025 £ Unrestricted grants 18,571 Adjustment to earlier years' unrestricted grants - Missionary and charitable giving - Mission Support fund - Total 2025 18,571 Total 2024 9,500 |
Restricted funds 2025 £ - - 620 54,717 55,337 40,627 |
Total funds 2025 £ 18,571 - 620 54,717 73,908 50,127 |
Total funds 2024 £ 16,165 (6,665) 922 39,705 |
|---|---|---|---|
| 50,127 | |||
Page 25
Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
11. Auditors' remuneration
- Auditors' remuneration comprises audit fees of £11,200 (2024 £10,800), tax and accountancy fees of £7,220 (2024 - £10,872) and payroll services of £571 (2024 - £616).
12. Staff costs and key management personnel
| Wages and salaries Social security costs Pension contributions |
2025 £ 95,486 2,077 10,026 107,589 |
2024 £ 88,879 2,170 9,332 |
|---|---|---|
| 100,381 |
The PCC members are the key management personnel of the church. Related party transactions are presented in Note 25.
13. Employee numbers
The average number of persons employed by the PCC during the year was as follows:
| Facilities management Administration Youth and children's work |
2025 No. 1 2 1 4 |
2024 No. 1 2 1 |
|---|---|---|
| 4 |
No employee received remuneration amounting to more than £60,000 in either year.
Page 26
Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
14. Tangible fixed assets
| Cost At 1 January 2025 Additions Transfer to investment property 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 |
Freehold property £ 3,268,532 - (400,000) 2,868,532 58,532 - 58,532 2,810,000 3,210,000 |
Furniture, fixtures and equipment £ 81,793 8,480 - 90,273 73,956 4,587 78,543 11,730 7,837 |
Other fixed assets £ 8,000 - - 8,000 8,000 - 8,000 - - |
Total £ 3,358,325 8,480 (400,000) 2,966,805 140,488 4,587 145,075 2,821,730 3,217,837 |
|---|---|---|---|---|
25 Rectory Road has been transferred from tangible fixed assets to investment property to reflect its current usage.
Page 27
Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
15. Investment property
| Investment property | |
|---|---|
| Valuation At 1 January 2025 Gain on revaluations Transfer from tangible fixed assets At 31 December 2025 Comprising Historic cost Aggregate revaluations to 31 December 2025 At 31 December 2025 |
Freehold £ 2,016,000 730,000 400,000 |
| 3,146,000 | |
| 405,467 2,740,533 3,146,000 |
Certain of the PCC's residential investment properties were revalued at 31 December 2025 by the PCC with the assistance of knowledgeable finance professionals. A revaluation of one of the commercial properties was felt necessary based on a consideration of rental yields for commercial properties within the locality.
25 Rectory Road has been transferred from tangible fixed assets to investment property to reflect its current usage.
Page 28
Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
16. Fixed asset investments
| Cost or valuation At 1 January 2025 Additions Disposals Revaluations At 31 December 2025 |
Listed investments £ 2,413,584 64,985 (72,000) (90,661) |
|---|---|
| 2,315,908 |
All listed securities are UK investments.
The historical cost of listed investments held as at 31 December 2025 was £1,026,096 (2024 - £1,050,112).
Material investments
The PCC considers investments with a fair value of more than 10% of the total value of investments to be material. These are as follows:
The CBF Church of England Investment Fund - Income Shares
2,198,617 2,272,277
17. Debtors
| Due within one year Trade debtors Prepayments and accrued income Income tax recoverable |
2025 £ - 84,372 2,196 86,568 |
2024 £ 200 69,891 1,882 |
|---|---|---|
| 71,973 |
Page 29
Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
18. Creditors: amounts falling due within one year
| Taxation and social security Other creditors (including pensions payable) Accruals and deferred income Accrued grants payable |
2025 £ 1,120 3,288 60,714 924 66,046 |
2024 £ - 11,625 65,794 10,258 |
|---|---|---|
| 87,677 |
Included above is deferred income relating to investment property income and church hall lettings income received in advance, which can be analysed as follows:
| Deferred income At 1 January 2025 Resources deferred during the year Amounts released from previous periods At 31 December 2025 |
2025 £ 40,208 35,923 (40,208) 35,923 |
2024 £ 18,433 40,208 (18,433) |
|---|---|---|
| 40,208 |
19. Financial instruments
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Financial assets | ||
| Financial assets measured at fair value through income and expenditure | 2,826,556 | 2,920,445 |
Financial assets measured at fair value through income and expenditure comprise fixed asset investments, short-term deposits, and cash at bank and in hand.
Page 30
Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
20. Statement of funds
Statement of funds - current year
| Unrestricted Designated funds PROPERTY-BASED Lea Road Car Park Curate's House Fund CASH-BASED Property Repair Funds: - Church - Halls - 18 Court Downs Road - 25 Rectory Road - 1 and 2 Christ Church Road - 3 Christ Church Road Other funds: - Church Interior Repair Fund - Church PA/AV Upgrade Fund - Thornton Dene Proceeds Fund - Legacies Fund General funds General Fund Total unrestricted funds |
Balance at 1 January 2025 £ 400,000 400,000 24,456 38,766 15,138 1,375 11,334 11,084 17,650 210 1,401,692 338,445 2,660,150 173,311 2,833,461 |
Income £ - - 594 1,114 435 40 296 319 767 9 39,985 14,604 58,163 319,483 377,646 |
Expenditure £ - - (20,000) - - - - - - - - (4,812) (24,812) (376,437) (401,249) |
Transfers in/(out) £ - - - - - - (1,246) - - - (64,000) (335) (65,581) 65,581 - |
Gains/ (Losses) £ - 350,000 - - - - - - - - (50,681) - 299,319 (5,813) 293,506 |
Balance at 31 December 2025 £ 400,000 750,000 5,050 39,880 15,573 1,415 10,384 11,403 18,417 219 1,326,996 347,902 |
|---|---|---|---|---|---|---|
| 2,927,239 | ||||||
| 176,125 | ||||||
| 3,103,364 |
Page 31
Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
20. Statement of funds (continued)
Lea Road Car Park reflects the land bounded by Lea Road and Fairfield Road, let under a commercial lease to the London Borough of Bromley, from which income is used to support the general activities of the church.
Curate's House Fund reflects the investment property at 25 Rectory Road. Historically, this property has been used for the provision of accommodation for church workers. However, in recent years it has been used as a rental property so is has now been reclassified as an investment property.
Property Repair Funds represent monies set aside to undertake repairs and maintenance of the functional and investment properties.
Church Interior Repair Fund was established to cover the costs associated with repairs and maintenance of the interior of the church.
Church Lighting Upgrade Fund comprises monies set aside to improve the lighting within the church.
Church PA/AV Upgrade Fund comprises monies set aside to improve the audio-visual/amplification equipment within the church.
Thornton Dene Proceeds Fund represents the proceeds of the sale during 2014 of 5 Thornton Dene, available to support the work and ministry of the church in such ways as the PCC sees fit. A transfer of £64,000 has been made from this fund to the general fund in respect of halls redevelopment costs.
Legacies Fund comprises monies bequeathed to the PCC which have been set aside to be used on specific projects as and when they arise.
Page 32
Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
20. Statement of funds (continued)
| Endowment funds PROPERTY-BASED Halls and Jubilee Commemoration Fund CASH-BASED Halls and Jubilee Commemoration Fund Clergy stipend income funds: - Stipend fund - A Carter Bequest - E Etheridge Bequest - F Prior Bequest - C R Stock Bequest - L Stock Bequest - P Townrow Bequest - A S Watts Bequest - E M Danson Bequest - H Prior Bequest - Ministry Fund Pendleton Books Fund Hillman Fund - Choirs |
Balance at 1 January 2025 £ 4,426,000 32,046 565,281 8,534 18,592 6,313 117,093 500 11,195 23,977 41,383 - 28,146 6,333 514 5,285,907 |
Income £ - - - - - - - - - - - 25,000 - - - 25,000 |
Expenditure £ - - - - - - - - - - - - - - - - |
Transfers in/(out) £ - - - - - - - - - - - - - - - - |
Gains/ (Losses) £ 380,000 (1,281) (22,682) (341) (743) (253) (4,681) - (448) (959) (1,654) - (1,125) - - 345,833 |
Balance at 31 December 2025 £ 4,806,000 30,765 542,599 8,193 17,849 6,060 112,412 500 10,747 23,018 39,729 25,000 27,021 6,333 514 |
|---|---|---|---|---|---|---|
| 5,656,740 |
Page 33
Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
20. Statement of funds (continued)
The property-based Halls and Jubilee Commemoration Fund is a permanent endowment fund representing property donated or acquired comprising the church halls, 1, 2 and 3 Christ Church Road, and the commercial premises at 81-83 High Street, Beckenham.
The cash-based Halls and Jubilee Commemoration Fund is a permanent endowment fund representing cash proceeds from the 2014 sale of a strip of land adjoining 81-83 High Street.
Clergy stipend income funds, including the Ministry Fund and various bequests, reflect historic donations and legacies held as a permanent endowment. The income derived from the underlying investments, to be used to support the cost of providing the clergy stipend, is included in restricted funds.
Pendleton Books Fund reflects an historic donation held as a permanent endowment. The income derived from the underlying investments is to be used to assist with the provision of books for ministry purposes.
Hillman Fund - Choirs reflects an historic legacy to be used towards supporting the choirs and music of the church.
Page 34
Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
20. Statement of funds (continued)
| Restricted funds Clergy stipend income funds: - Stipend Fund - A Carter Bequest - E Etheridge Bequest - F Prior Bequest - C R Stock Bequest - L Stock Bequest - P Townrow Bequest - Ministry Fund - A S Watts Bequest - E M Danson Bequest Pendleton Books Fund Youth Projects Fund Appeals and Retiring Offerings Missionary Support Fund Building2Bless |
Balance at 1 January 2025 £ - - - - - - - - - - 606 6,572 - 6,218 6,335 19,731 |
Income £ 15,707 237 517 175 3,254 16 311 782 666 1,150 271 286 620 53,729 36,066 113,787 |
Expenditure £ (15,707) (237) (517) (175) (3,254) (16) (311) (782) (666) (1,150) - - (620) (54,717) - (78,152) |
Transfers in/(out) £ - - - - - - - - - - - - - - - - |
Gains/ (Losses) £ - - - - - - - - - - - - - - - - |
Balance at 31 December 2025 £ - - - - - - - - - - 877 6,858 - 5,230 42,401 |
|---|---|---|---|---|---|---|
| 55,366 |
Page 35
Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
20. Statement of funds (continued)
Clergy stipend income funds, including the Ministry Fund and various bequests, reflect income derived from the underlying investments, the intended purpose of which is to support the cost of providing the clergy stipend.
Pendleton Books Fund reflects the income derived from the underlying investments, the intended purpose of which is to assist with the provision of books for ministry purposes.
Youth Projects Fund is available to assist with youth and children's work.
Building2Bless is a fund established to cover the costs associated with plans to redevelop the church halls complex.
Appeals and Retiring Offerings represents donations received for onward transmission to specific bursaries or charities.
Missionary Support Fund reflects the support of the church and the congregation for various mission organisations and individuals, working both here in the UK and abroad.
| Total funds | Balance at 1 January 2025 £ 8,139,099 |
Income £ 516,433 |
Expenditure £ (479,401) |
Transfers in/(out) £ - |
Gains/ (Losses) £ 639,339 |
Balance at 31 December 2025 £ 8,815,470 |
|---|---|---|---|---|---|---|
Page 36
Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
20. Statement of funds (continued)
Statement of funds - prior year
| Unrestricted funds Designated funds PROPERTY-BASED Lea Road Car Park Curate's House Fund CASH-BASED Property Repair Funds: - Church - Halls - 18 Court Downs Road - 25 Rectory Road - 1 and 2 Christ Church Road - 3 Christ Church Road Other funds: - Church Interior Repair Fund - Church PA/AV Upgrade Fund - Thornton Dene Proceeds Fund - Legacies Fund General funds General Fund Total unrestricted funds |
Balance at 1 January 2024 £ 400,000 400,000 34,285 54,526 14,635 11,185 10,957 10,714 16,788 200 1,333,557 321,917 2,608,764 224,052 2,832,816 |
Income £ - - 878 1,540 503 190 377 370 862 10 39,768 16,528 61,026 322,700 383,726 |
Expenditure £ - - (4,300) (17,300) - (10,000) - - - - - - (31,600) (383,249) (414,849) |
Transfers in/(out) £ - - (6,407) - - - - - - - - - (6,407) 6,407 - |
Gains/ (Losses) £ - - - - - - - - - - 28,367 - 28,367 3,401 31,768 |
Balance at 31 December 2024 £ 400,000 400,000 24,456 38,766 15,138 1,375 11,334 11,084 17,650 210 1,401,692 338,445 |
|---|---|---|---|---|---|---|
| 2,660,150 | ||||||
| 173,311 | ||||||
| 2,833,461 |
Page 37
Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
20. Statement of funds (continued)
| Endowment funds PROPERTY- BASED Halls and Jubilee Commemoration Fund CASH-BASED Halls and Jubilee Commemoration Fund Clergy stipend income funds: - Stipend fund - A Carter Bequest - E Etheridge Bequest - F Prior Bequest - C R Stock Bequest - L Stock Bequest - P Townrow Bequest - A S Watts Bequest - E M Danson Bequest - H Prior Bequest - Ministry Fund Pendleton Books Fund |
Balance at 1 January 2024 £ 4,490,000 31,329 552,632 8,343 18,176 6,173 114,473 500 10,944 23,440 40,457 27,516 6,333 514 5,330,830 |
Income £ - - - - - - - - - - - - - - - |
Expenditure £ - - - - - - - - - - - - - - - |
Transfers in/(out) £ - - - - - - - - - - - - - - - |
Gains/ (Losses) £ (64,000) 717 12,649 191 416 140 2,620 - 251 537 926 630 - - (44,923) |
Balance at 31 December 2024 £ 4,426,000 32,046 565,281 8,534 18,592 6,313 117,093 500 11,195 23,977 41,383 28,146 6,333 514 |
|---|---|---|---|---|---|---|
| 5,285,907 |
Page 38
Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
20. Statement of funds (continued)
| Restricted funds Clergy stipend income funds: - Stipend Fund - A Carter Bequest - E Etheridge Bequest - F Prior Bequest - C R Stock Bequest - L Stock Bequest - P Townrow Bequest - Ministry Fund - A S Watts Bequest - E M Danson Bequest Pendleton Books Fund Youth Projects Fund Appeals and Retiring Offerings Missionary Support Fund Building2Bless Main Hall Carpet Fund |
Balance at 1 January 2024 £ - - - - - - - - - - 286 6,251 (165) 7,447 5,074 5,000 23,893 |
Income £ 15,340 231 504 171 3,178 19 304 764 651 1,123 320 321 1,087 38,476 1,261 - 63,750 |
Expenditure £ (15,340) (231) (504) (171) (3,178) (19) (304) (764) (651) (1,123) - - (922) (39,705) - (5,000) (67,912) |
Transfers in/(out) £ - - - - - - - - - - - - - - - - - |
Gains/ (Losses) £ - - - - - - - - - - - - - - - - - |
Balance at 31 December 2024 £ - - - - - - - - - - 606 6,572 - 6,218 6,335 - |
|---|---|---|---|---|---|---|
| 19,731 |
Page 39
Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
20. Statement of funds (continued)
| Total funds | Balance at 1 January 2024 £ 8,187,539 |
Income £ 447,476 |
Expenditure £ (482,761) |
Transfers in/(out) £ - |
Gains/ (Losses) £ (13,155) |
Balance at 31 December 2024 £ 8,139,099 |
|---|---|---|---|---|---|---|
21. Summary of funds
Summary of funds - current year
| Designated funds General funds Endowment funds Restricted funds |
Balance at 1 January 2025 £ 2,660,150 173,311 5,285,907 19,731 8,139,099 |
Income £ 58,163 319,483 25,000 113,787 516,433 |
Expenditure £ (24,812) (376,437) - (78,152) (479,401) |
Transfers in/(out) £ (65,581) 65,581 - - - |
Gains/ (Losses) £ 299,319 (5,813) 345,833 - 639,339 |
Balance at 31 December 2025 £ 2,927,239 176,125 5,656,740 55,366 |
|---|---|---|---|---|---|---|
| 8,815,470 |
Summary of funds - prior year
| Designated funds General funds Endowment funds Restricted funds |
Balance at 1 January 2024 £ 2,608,764 224,052 5,330,830 23,893 8,187,539 |
Income £ 61,026 322,700 - 63,750 447,476 |
Expenditure £ (31,600) (383,249) - (67,912) (482,761) |
Transfers in/(out) £ (6,407) 6,407 - - - |
Gains/ (Losses) £ 28,367 3,401 (44,923) - (13,155) |
Balance at 31 December 2024 £ 2,660,150 173,311 5,285,907 19,731 |
|---|---|---|---|---|---|---|
| 8,139,099 |
Page 40
Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
22. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2025 £ Tangible fixed assets 11,730 Fixed asset investments 1,518,949 Investment property 1,150,000 Current assets 488,731 Creditors due within one year (66,046) 3,103,364 |
Restricted funds 2025 £ - - - 55,366 - 55,366 |
Endowment funds 2025 £ 2,810,000 796,959 1,996,000 53,781 - 5,656,740 |
Total funds 2025 £ 2,821,730 2,315,908 3,146,000 597,878 (66,046) 8,815,470 |
|---|---|---|---|
Analysis of net assets between funds - prior year
| Tangible fixed assets Fixed asset investments Investment property Current assets Creditors due within one year |
Unrestricted funds 2024 £ 407,837 1,609,698 400,000 503,603 (87,677) 2,833,461 |
Restricted funds 2024 £ - - - 19,731 - 19,731 |
Endowment funds 2024 £ 2,810,000 803,886 1,616,000 56,021 - 5,285,907 |
Total funds 2024 £ 3,217,837 2,413,584 2,016,000 579,355 (87,677) 8,139,099 |
|---|---|---|---|---|
Page 41
Docusign Envelope ID: 8690D039-EF29-81A4-8077-9FD8AEADE398
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BECKENHAM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
23. Pensions
As stated in Note 2.13 the PCC participates in the 'Pension Builder Classic' section of the Pension Builder Scheme ('the Scheme') within the Church Workers Pensions Fund (CWPF) for lay staff. The CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets separately from those of the PCC and other participating employers.
Pension Builder Classic is classed as a defined benefit scheme. However, the Pension Builder Scheme as a whole is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This means it is not possible to attribute the Scheme's assets and liabilities to specific employers and that contributions are accounted for as if the Scheme were a defined contribution scheme. The pension costs of £10,026 (2024 - £9,332) charged to the statement of financial activities in the year are contributions payable.
Contributions of £1,152 (2024 - £948) were payable to the scheme at the balance sheet date and are included in creditors.
24. Operating lease commitments - lessor
At 31 December 2025 the total of the future minimum lease payments due to the PCC under noncancellable operating leases was as follows:
| Not later than 1 year Later than 1 year and not later than 5 years Later than 5 years |
2025 £ 101,875 296,000 240,500 638,375 |
2024 £ 97,850 296,000 314,500 |
|---|---|---|
| 708,350 |
25. Related party transactions (including PCC members' remuneration and expenses)
During the year, expenses totalling £9,168 (2024 - £6,489) relating to travel, telephone and miscellaneous expenses were reimbursed to 5 (2024 - 7) PCC members.
During the year, the total amount of donations received without conditions from PCC members and other related parties was £14,695 (2024 - £11,964).
Page 42