Report on Accounts for Year Ending 31 December 2025 INCOME - Donations - Slight decrease in regular monthly and voluntary donations. Cost of living? - Down c£900 - Other Voluntary Donations – relatively static - Legacies - Down £500 – no legacies in 2025 - Operating Activities - Fees – Up c£1k - Church Hall – Down c£1k but Raa Raas November hire fees (£1187) not received until January 2026 so in reality equates to 2024 - Summer Fair v BBQ – Down c£1300 (but far less set up/take down time) - Sinfonietta Concert – Up £1200 – New and restricted - Insurance Claim – Down c£3k – no insurance claims made - Green Lane Hall – Down c£17k – 2024 was 2 years income; 2025 contribution c£7.8k received Jan 2026 - 33 Woodfield Gardens – new rental from June 2025 – c£18k Overall Annual Income DOWN on 2024 - £2102 ## EXPENDITURE - General Expenditure - Parish Support Fund (Quota) – Static with 2024 - Vicar/Clergy Expenses – Down c£650 - Fundraising events – shown slightly differently from previous years – expenses separated from income - £2545 v £1690 - Sinfonietta Concert – New (R) – Up £406 - Organist & Choir – Down c£1.2k - Fees & Subs – Up c£700 – increase in fees to Diocese & early payment of 2026 RSCM subscription - Utilities (church) – Up c£2k – new gas/electric contracts started Oct/Nov 2024 so costs increased – Gas up £1500; electric up £500 – both energy streams used more k/wh throughout the year - Minor repairs/cleaning – Up c£600 - general increase in costs - Sundries – Up c£1250 - Hall – Up c£1.5k – Coffee/biscuits Up c£400; Electric Down c£300; Gas Up c£600; cleaning up c£700 - 48 Selwyn Road Agents Fees – Up c£600 - 33 Woodfield Gardens – Legal Fees – Down c£32.3k - 33 Woodfield Gardens – Household Costs – Up c£1.5k – Council Tax, Utilities etc (6 months 2025 compared with 3 months 2024) - Maintenance - 33 Woodfield Gardens –Up c £56.4k payments for renovations to newly acquired property prior to renting out - Hall – Down c£16.5k - Church – Down c£21k - Administration - Office costs – static on 2024 Overall Annual Expenditure DOWN on 2024 - £6004 Income v Expenditure for 2025 – DOWN £95076 (But see Assets in Balance Sheet) ## BALANCE SHEET - 33 Woodfield Gardens & 48 Selwyn Road – valued in Balance Sheet at 915k but sale value substantially more - £10k held in Income Bonds PCC OF ST JAMES MALDEN BALANCE SHEEf AT 31 DECEMBER 2025 2025 2024 FIXED ASSETS 48 Selwyn Road 33 Woodfield Gardens 3750(Y) 3750(X) 5401XX) CURRENT ASSETS Cash and Income Bonds 98258 193333 1013258 1108333 FUNDS 48 Selwyn Road 33 Woodfield Gardens Income Bonds Godly Play (R) Music Fund (R) Pipe Organ (R) Piano Fund R) Christmas Lunch (R) Comfy Chair Donation (prev Solar Energy)(R) Sinfonietta Concerts (R) General Reserve 375(X)O 3750(X) 1180 10485 20 1180 10485 20 408 1168 1168 794 70203 166072 1013258 1108333 (R) denotes restrirted account Approved by Standing Committee/PCC and signed on its behalf by Chairperson Date: Treasurer Date: Secretary (J. C-￿) Date: PCC OF ST JAMES MALDEN STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 December 2025 TOTAL FUNDS Funds Funds Funds 2025 2024 Note INCOMING RESOURCES From donors 2(al 37912 37912 38835 Other voluntary 2(b) 28002 1860 29862 3C(I(X) From other sources 2(c) 67801 12 69001 69996 From Investments 2(d) 332 332 377 TOTAL INCOMING RESOURCES 134047 137107 139209 RESOURCES USED Grants 3(a) 2057 2057 Actlvftles dlrectly related to the work of the churth 3(b) 132287 132693 156596 Hall Refurbishment Church Maintenance 48 Selwyn Road refurbisment 33 Woodfield Gardens 3(c) 3(c) 3{c) 3{c) 3622 6223 1526 66403 3622 6223 1526 66403 20168 27228 1187 10056 Church Adminlstratlon 3(d) 19660 19660 20887 TOTAL RESOURCES USED 229721 2463 232183 238187 NET INCOME/EXPENDrruRE -95674 597 -95076 -98978 PCC OF sr JAMES MALDEN NOTES TO ThE FINANaAL STATEMENT5 FOR THE YEAR ENDED 310ECEMBER 2025 I ACCOUNTING KiuaES The financial statements have been prepared in accordance with the Church Accountin8 Regulations 2CK)6 together with appllcable accountln8 Standards and the SORP 21JYJ 2 INCOMING RESOURCES Unrestrfcted Restrfcted Funds Funds TOTAL FUNDS 2025 2024 21•) From donors Tax efflcient 8ivin8 (Inc payroll and CAF) Tax recovered Non Gift Aid Collections (open plate) 25￿? 7322 3750 1773 24691 8117 3949 2079 7322 3750 1773 37912 37912 38835 21b> Oth•r voluntary Incom• Legacies Donatlons - Glft Alded Donations - Non Gift Aided Alrns and Charltles Sacristy 1615 26183 1615 26183 2595 24436 2110 359 204 204 28(X)2 29862 2(c) Income from operatin8 activitie5 Fees Church Hall Summer Fair Summer BBQ Beetle Drive Easter Workshop Chrlstmas Workshop Harvest Supper Qulz Sinfonietta Concerts Sundrles Insurance Clalms Green Lane Ham 48 Selwyn Road- Rent 33 Woodfield Gdns - Rent Muslc Fund Pipe Organ Fund 2028 22468 2553 21327 21327 11 156 11 156 170 36 144 530 783 783 12fX) 635 I2￿) 635 3063 17016 214Crf) 22220 18074 22220 18074 141 433 69996 67801 12(K) 6%X)I 2(d) Incorne from Investments Income Bonds 332 332 377 332 332 377 TOTAL INCOMING RESOURCES 134047 137107 139209 NOTES TO FINANaAL sfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (Cont) RESOURCES USED Unrestricted Restricted Funds Funds TOTAL FUNDS 2025 2024 3(a) Grants Missionary and charitable giving Overseas Home 1307 750 1307 750 614 1450 2057 2057 3{b) Activities directly related to the work of the church Parish Support Fund Vicar Expenses Cler8y Expenses Sacristy Summer Fair Summer BBQ Beetle Drive Quiz Christmas Workshop Easter Workshop Harvest Supper Sinfonietta Concert Organist and Choir Fees and subs Music Fund Organ Fund Utilities Insurance Minor Repairs/Cleaning Flowers Sundries Hall 48 Selwyn Road - agents management fee 48 Selwyn Road - minor repairs/maint 48 Selwyn Road - Insurance 33 Woodfield Gardens- Legal Fees 33 Woodfield Gardens- Household Costs 33 Woodfield Gardens- Insurance 78420 3434 166 1849 78420 3434 166 1849 78420 3525 754 1289 623 785 17 422 202 78 186 785 17 422 202 78 186 1199 2853 1199 2853 2422 2143 123 433 5519 6741 3491 7541 7541 69 4076 107 3039 10708 3314 1305 4076 107 3039 10708 3314 1305 1777 9211 2698 1435 617 33758 1577 1466 3014 543 1466 3014 543 132287 132693 156596 3(c) Church, Church Hall and 48 Selwyn Road Repairs/Maintenance 48 Selwyn Road 33 Woodfield Gardens Hall . maintenance Church - maintenance 1526 1526 1187 ICK)56 20168 27228 3622 6223 3622 6223 77773 77773 58640 3(d) Church Administration Office, printin& stationery etc Bank Charges Card Fees 19242 352 67 19242 352 67 20454 366 67 19660 19660 20887 TOTAL RESOURCES USED 229720 2463 232183 238187 PCC OF STJAMES MALDEN LIST OF CHARITIES FOR THE YEAR ENDED 31 DECEMBER 2025 UNRESTRicfED OVERSEAS TOTAL Overseas HOME TOTAL Home TOTAL UNRESTRicfED RESTRicfED OVERSEAS Bethlehem 1307 1307 Total Overseas HOME Lent Appeal 750 750 TOTAL Home TOTAL RESTRicfED 2057 TOTAL TO CHARITY 2057 ## **Independent Examiner's Report to the PCC of St James's Church, Malden** This report on the financial statements of the PCC for the year ended 31 December 2025 is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 (the Regulations) and the Charities Act 2011 (the act). ## **Respective responsibilities of the PCC and the examiner** As members of the PCC you are responsible for the preparation of the financial statements; you consider that the audit requirement of the Regulations and Section 133 of the Act does not apply. It is my responsibility to issue this report on those financial statements in accordance with the terms of the Regulations. **Basis of this report** My examination was carried out in accordance with the General Directions given by the Charity Commission and to be found in the Church guidance, 2006 edition. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the financial statements and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention (1) which gives me reasonable cause to believe that in any material respect the requirements  to keep accounting records in accordance with the Act; and  to prepare financial statements, which accord with the accounting records and comply with the requirements of the Act and the Regulations have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed................................................................. Dated............................. Oliver Bourached 108 Bodley Road, New Malden, Surrey KT3 5QH