## **PARISH OF ST PHILIP AND ST JAMES, LECKHAMPTON WITH ST CHRISTOPHER’S, WARDEN HILL ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31[ST] DECEMBER 2025 CHARITY NUMBER 1134837** ## **Administrative information** Parish of St Philip and St James, Leckhampton with St Christopher’s, Warden Hill is situated in Cheltenham. It is comprised of the church of St Philip and St James, Leckhampton together with its daughter church St Christopher’s, Warden Hill. It is part of the Diocese of Gloucester within the Church of England. The correspondence addresses are as follows: St Philip and St James Church, Grafton Road, Cheltenham, GL50 2DD (www.pipandjims.org.uk). St Christopher’s Church, 1 Lincoln Avenue, Warden Hill, Cheltenham, GL51 3DD – (www.tciwh.org.uk) The names of the current trustees of the PCC are disclosed on the Charity Commission website. ## **Structure, governance and management** St Christopher’s, Warden Hill was built as a daughter church to St Philip and St James, Leckhampton in 1961. Each church has its own independent Church Council with the combined Parochial Church Council of the parish being made up of the members of each of the Church Councils. The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. ## **Objectives and Activities** St Philip and St James, Leckhampton with St Christopher’s, Warden Hill PCC has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the properties owned by the churches. ## **Achievements and Performance** The achievements and performance of the two churches are set out in the individual reports prepared for each church’s AGM. These are available from the correspondence addresses above. ## **Financial Review** The two churches within the parish operate their finances independently from one another. Each church adopts its own accounts at its individual AGM and these individual accounts are adopted at the PCC AGM. ## St Philip and St James excluding Youth Work For the 2025 financial year the net funds available to the Church increased by £10k, or £20k if nonrecurring items are excluded. Total assets were in excess of liabilities by £202k or £141k if fixed assets are excluded. In terms of the balance excluding fixed assets there was £34k invested in CCLA investment funds, £107k in current or deposit cash accounts with the remainder of the net assets consisting of gift aid debtors, and sundry debtors and creditors. More information on the Church’s income and expenditure is provided in the accounts document that is made available for the AGM. ## South Cheltenham Youth Work For the 2025 financial year expenditure exceeded income by £8k. Youth work cash held and other related assets and liabilities at the end of 2025 totalled £25k. The Church in Warden Hill For the period 1 January to 31 December there was a surplus of income over expenditure of £27k and the overall financial position at 31 December 2025 showed total assets in excess of liabilities amounting to £46k. ## **Future outlook** The two churches will continue to pursue a wide range of activities to fulfil the mission of the church. ## **Year end 31 December 2025 accounts for:** - **a) The Church of St Philip and St James, Leckhampton excluding St Christopher’s Church (pages 2-13)** - **b) St Christopher’s Church, Warden Hill (pages 14-17)** **Whilst St Philip and St James, Leckhampton and St Christopher’s Church are part of the same Church of England parish their finances are run separately, and their accounts are subject to the approval of the separate Church Councils. As such the accounts are presented separately in this document and are subject to separate independent examinations.** **The accounts for the Church of St Philip and St James, Leckhampton are prepared on an accruals basis and comply with the requirements of FRS 102 and the Charities SORP.** **The accounts of the Church in Warden Hill and St Christopher’s Church are prepared on a receipts and payments basis.** 1 ## **Parish of St Philip and St James, Leckhampton Accounts review for year ended 31 December 2025** The income and expenditure in respect of the South Cheltenham team ministry youth work are included in these accounts but shown separately from the standalone results of St Philip and St James. ## Net movement in funds |**£k**|**2025**|**2024**|**2023**|**2022**|**2021**| |---|---|---|---|---|---| |Incoming resources excluding major one-off items|252|238|242|224|178| |Resources expended excluding major one-off items|(232)|(244)|(276)|(244)|(185)| |**Movement in funds excluding non-recurring items**
**and depreciation**|**20**|**(6)**|**(34)**|**(20)**|**(7)**| |Legacies|2|3|51|50|8| |Depreciation on Church reordering fixtures and
fittings|(12)|(12)|(12)|(13)|(13)| |Organ restoration|2|0|0|0|0| |Church re-ordering and associated activity|(2)|39|1|(43)|(968)| |Proceeds of Acton Trust liquidation|0|0|0|0|133| |Investment gains / (losses)|0|1|2|(4)|0| |**Net movement in funds P&J only**|**10**|**25**|**8**|**(30)**|**(847)**| |Youth work incoming resources|31|26|23|7|20| |Youth work resources expended|(39)|(33)|(27)|(15)|(20)| |**Youth work net movement in funds**|**(8)**|**(7)**|**(4)**|**(8)**|**0**| |**Net movement in funds including youth work**|**2**|**18**|**4**|**(38)**|**(847)**| - Before one-off items and depreciation there was a surplus for P&J excluding youth work of £20k. Improved position reflects steps taken during 2025 to enhance income and reduce expenses and abnormally low level of maintenance expenditure. - Income from the use of Church building and facilities of £71k has been generated during 2025 (2024: £63k). ||Balance sheet|||||| |---|---|---|---|---|---|---| ||**£k**|**2025**|**2024**|**2023**|**2022**|**2021**| ||P& J balance sheet|||||| ||Fixed assets–other|61|74|86|98|111| ||Investment assets–CCLA short term bond fund|17|16|15|14|16| ||Investment assets–CCLA investment fund|17|17|17|16|18| ||Amounts receivable from SCC team for Youth
Worker|-|10|-|-|-| ||Gift aid receivable|4|9|8|10|29| ||Amounts receivable in respect of church hire|3|5|-|-|-| ||Other debtors, prepayments and accrued interest|1|1|1|-|-| ||Cash deposit account|53|50|100|90|69| ||Current account|54|13|21|13|24| ||Loan liabilities|0|0|(75)|(75)|(75)| ||Other liabilities|(8)|(4)|(7)|(8)|(3)| ||**P&J net assets**|**202**|**191**|**166**|**158**|**189**| ||_Of which liquid unrestricted net assets_|_118_|_79_|_50_|_32_|_40_| ||Youth work balance sheet|||||| ||Other debtors (gift aid recoverable)|1|1|1|1|2| ||Current account|27|45|41|61|53| ||Liabilities (increase in 2022 reflects delayed
payment of SCC team Parish Share)|(3)|(11)|(1)|(17)|(2)| ||**Youth work net assets**|**25**|**34**|**41**|**45**|**53**| ||**Total net assets including youth work**|**227**|**224**|**207**|**203**|**242**| ||_Of which restricted_|_42_|_50_|_59_|_63_|_79_| ||_Of which unrestricted and designated_|_185_|_175_|_148_|_140_|_163_| 2 - Fixed assets include reordering furniture (£46k) and the portable organ and piano (£15k). Depreciation is being allowed for on a straight-line basis over an estimated 10 year useful life giving a charge of £12k per annum. - Other liabilities includes £6k payable in respect of storage joinery work. - In January we have moved £25k from the current account to the CCLA deposit account. ## Restricted and designated funds |**£k**|**2025**|**2024**| |---|---|---| |Choral tradition|1|2| |Community activities|9|11| |Organ restoration|2|0| |Other|1|0| |St Andrew’s, Ramallah|4|3| |David Mace memorial|0|1| |**Total restricted funds P&J**|**17**|**17**| |Youth work|25|33| |**Total restricted funds including youth work**|**42**|**50**| - Organ repair, organ tuning costs and costs of music are being allocated against the choral tradition fund. - Voices re-choired costs and other community activity costs are being charged against the community activities fund. - Other restricted funds includes Eco £326, Veterans Group £387 and Ukraine Support of £411. ## **INCOMING RESOURCES P&J EXCLUDING YOUTH WORK** 1. Voluntary Income |**£k**|**2025**|**2024**| |---|---|---| |Parish Giving|108|102| |Income tax recoverable on Parish Giving Scheme|26|26| |Other planned giving|10|8| |Other giving|3|6| |Income tax recoverable (non-PGS)|2|4| |Collections (open plate)|4|5| |Sundry donations (including coffee)|12|7| |Charity collections|4|6| |St Andrew’s Ramallah giving|5|0| |Legacies (4 unrestricted legacies received in year)|2|3| |**TOTAL**|**176**|**167**| - Sundry donations includes £6k in respect of storage joinery. 2. Organ restoration and church reordering |**£k**|**2025**|**2024**| |---|---|---| |Gift aided and non-gift aid donations and tax
recoverable|0|24| |Forgiveness of £15k of loan liability|0|15| |Organ restoration giving, fund raising and gift aid|4|0| |**TOTAL**|**4**|**39**| |3. Activities to generate funds||| |**£k**|**2025**|**2024**| |Donations received at church run activities|20|22| |Other income from church hire|50|41| |**TOTAL**|**71**|**63**| 3 ## **INCOMING RESOURCES P&J EXCLUDING YOUTH WORK (continued)** 4. Investment return |**£k**|**2025**|**2024**| |---|---|---| |Dividends from CCLA investment funds|1|1| |Interest on CCLA deposit account|2|5| |Gains / (losses) on revaluation of CCLA short duration
bond fund and investment fund|0|1| |**TOTAL**|**3**|**7**| - As at December 2025 the CCLA deposit account was paying 3.9% (2024: 4.7%) interest per annum. Interest income on deposit account reduced in 2025 reflecting the reduced balance in the account following the repayment of the re-ordering loan. ## **RESOURCES EXPENDED** 1. Charitable giving |**£k**|**2025**|**2024**| |---|---|---| |Support to St Andrew’s Church, Ramallah, Palestine|4|6| |Charitable giving from unrestricted funds|0|(3)| |Other charitable giving from collections and events|4|4| |**TOTAL**|**8**|**6**| £4.4k given to St Andrew’s, Ramallah during the year. At 31 December 2025 there was £3.8k of restricted funds relating to congregational giving for St Andrew’s which will be used for future support. Other charitable giving includes £1.8k to GARAS in respect of Christmas collections and £0.9k to Christian Aid. 2. Charitable activities - directly relating to the work of the church |**£k**|**2025**|**2024**| |---|---|---| |Parish Share|94|104| |Contribution to team expenses|1|1| |Clergy expenses and other staff expenses|1|1| |Church running expenses–gas and electricity|16|6| |Church running expenses–cleaning|6|9| |Church running expenses–insurance|8|7| |Church running expenses–other|3|2| |Upkeep of services (includes Musical Director salary)|24|21| |Church maintenance|7|15| |Depreciation of furnishings|12|12| |Parish Office costs (includes Parish Administrator
salary)|17|32| |Other salaries (including Venue and operations
managers)|28|27| |Support costs relating to activity of church and expenses
relating to church run events|4|4| |Youth worker contributions / expenses|4|3| |Expenses in relation to Community support|2|2| |Cost of new equipment|2|0| |Fees paid to GDBF / choir|3|2| |**TOTAL**|**232**|**248**| 4 ## **RESOURCES EXPENDED (continued)** - Parish share reduced in 2025 in response to projected budget deficit. For 2026 we have committed to pay £95k. - 2024 benefited from significant one-off credits to gas and electricity bills relating to recovery of VAT and climate change levy previously incorrectly charged. £16k cost in 2025 therefore reflects a return to a “normal” level of expense. For 2026 we are budgeting for £20k of energy costs. - Church maintenance costs of £7k in the year below low run average. For 2026 we are budgeting £15k of spend. - Reduction in Parish Office costs reflects reduced hours for parish administrator role. 3. Organ restoration and storage joinery work |**£k**|**2025**|**2024**| |---|---|---| |Storage joinery|9|0| |Organ restoration|1|0| |**TOTAL**|**10**|**0**| ## **YOUTH WORK SUMMARY** |**£k**|**2025**|**2024**| |---|---|---| |Parish Giving Scheme donations and tax recovered
Other giving
Income tax recoverable
Other income (mainly Youth Weekend Away)
Cheltenham Network Church contribution
P&J contribution
Other PCC contributions|5
1
0
7
7
4
7|5
2
0
4
0
1
13| |**TOTAL YOUTH WORK INCOME**|**31**|**26**| |Staff costs
Other Youth ministry costs|33
6|32
1| |**TOTAL YOUTH WORK EXPENDITURE**|**39**|**33**| |**NET MOVEMENT IN FUNDS**|**(8)**|**(7)**| 5 |**The Church of St Philip and St James, Leckhampton**
_‘seeing Christ in the world, being Christ in the world’_
**Statement of Financial Activities**
**For the year ended 31 December 2025**
Unrestricted
Funds
Note
£
INCOMING RESOURCES
_Voluntary Income_
2(a)
157,246
_Reordering and organ restoration_
2(b)
0
_Income from church activities_
2(c)
9,230
_Activities for generating funds_
2(d)
69,977
_Income from investments_
2(e)
3,273
_Other incoming resources_
2(f)
0
**TOTAL INCOMING RESOURCES**
239,726
RESOURCES EXPENDED
_Costs of charitable activities_
3(a)
225,661
_Storage and organ restoration_
3(b)
1,486
_Cost of governance and fund raising activities_
3(c)
2,536
**TOTAL RESOURCES EXPENDED**
229,683
**NET INCOMING/(OUTGOING) RESOURCES**
10,043
TRANSFERS BETWEEN FUNDS
6
0
(LOSSES) / GAINS ON INVESTMENTS
(301)
**NET MOVEMENT IN FUNDS**
9,742
**BALANCES BFWD AT START OF YEAR**
**ST P&J EXCLUDING YOUTH WORK**
174,563
**BALANCES CFWD AT END OF YEAR**
**ST P&J EXCLUDING YOUTH WORK**
184,305
**South Cheltenham Youth Work**
TOTAL INCOMING RESOURCES
3(d)
0
TOTAL RESOURCES EXPENDED
3(d)
0
NET MOVEMENT IN FUNDS
3(d)
(0)
**BALANCES BFWD AT START OF YEAR**
**ST P&J INCLUDING YOUTH WORK**
174,563
**BALANCES CFWD AT END OF YEAR**
**ST P&J INCLUDING YOUTH WORK**
184,305
**END OF STATEMENT OF FINANCIAL AC**|**The Church of St Philip and St James, Leckhampton**
_‘seeing Christ in the world, being Christ in the world’_
**Statement of Financial Activities**
**For the year ended 31 December 2025**
Unrestricted
Funds
Note
£
INCOMING RESOURCES
_Voluntary Income_
2(a)
157,246
_Reordering and organ restoration_
2(b)
0
_Income from church activities_
2(c)
9,230
_Activities for generating funds_
2(d)
69,977
_Income from investments_
2(e)
3,273
_Other incoming resources_
2(f)
0
**TOTAL INCOMING RESOURCES**
239,726
RESOURCES EXPENDED
_Costs of charitable activities_
3(a)
225,661
_Storage and organ restoration_
3(b)
1,486
_Cost of governance and fund raising activities_
3(c)
2,536
**TOTAL RESOURCES EXPENDED**
229,683
**NET INCOMING/(OUTGOING) RESOURCES**
10,043
TRANSFERS BETWEEN FUNDS
6
0
(LOSSES) / GAINS ON INVESTMENTS
(301)
**NET MOVEMENT IN FUNDS**
9,742
**BALANCES BFWD AT START OF YEAR**
**ST P&J EXCLUDING YOUTH WORK**
174,563
**BALANCES CFWD AT END OF YEAR**
**ST P&J EXCLUDING YOUTH WORK**
184,305
**South Cheltenham Youth Work**
TOTAL INCOMING RESOURCES
3(d)
0
TOTAL RESOURCES EXPENDED
3(d)
0
NET MOVEMENT IN FUNDS
3(d)
(0)
**BALANCES BFWD AT START OF YEAR**
**ST P&J INCLUDING YOUTH WORK**
174,563
**BALANCES CFWD AT END OF YEAR**
**ST P&J INCLUDING YOUTH WORK**
184,305
**END OF STATEMENT OF FINANCIAL AC**|Restricted
Funds
£
19,175
3,805
0
798
0
0|2025
£
176,421
3,805
9,230
70,775
3,273
0
TOTAL|2024
£
167,166
38,862
5,270
63,375
5,405
0
FUNDS| |---|---|---|---|---| |||23,778|263,504|280,078| |||14,658
8,751
0|240,319
10,237
2,536|253,576
0
1,887| ||229,683|23,409|253,092|255,462| ||10,043|369|10,412|24,615| ||0
(301)|0
0|0
(301)|0
852| ||9,742|369|10,111|25,468| |||||| ||174,563|16,931|191,494|166,027| |||||| ||184,305|17,300|201,605|191,494| ||0
0|31,239
39,585|31,239
39,585|25,527
32,959| ||(0)|(8,346)|(8,346)|(7,432)| ||174,563|50,204|224,767|206,731| |||||| ||184,305|42,228|226,533|224,767| ||**F FINANCIAL AC**|**TIVITIES**||| 6 ## **The Church of St Philip and St James, Leckhampton** _‘seeing Christ in the world, being Christ in the world’_ ## **Notes to the Financial Statements** ## **For the year ended 31 December 2025** **1 ACCOUNTING POLICIES** ## **Basis of preparation** The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in UK and Republic of Ireland (FRS 102) amd the Charities Statement of Recommended Practice ("SORP") applicable to charities applying FRS 102. The accounts comply with the requirements of the Charties Act 2011. The financial statements have been prepared under the historical cost convention except for the valuation of investments (which are shown at market value). The PCC is part of the South Cheltenham Team ministry. Youth work ministry is provided to all PCCs in the team through a relationship with Youth for Christ. The income and expenditure and assets and liabilities in relation to South Cheltenham youth work are incorporated into these accounts but shown separately from the the other balances of the PCC. ## **Incoming resources - Voluntary income** **----- Start of picture text -----**
Collections are recognized when received by or on behalf of the PCC.
Planned giving receivable under Gift Aid is recognized only when received.
Income tax recoverable on Gift Aid donations is recognized when the income is recognized.
Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable
and its ultimate receipt by the PCC is reasonably certain.
VAT recoverable in respect of maintenance / improvement of Church building is recognised when received.
Funds raised by fete, garden parties and similar events are accounted for gross.
Any sales of books and magazines from the church bookstall will be accounted for gross if they occur.
**----- End of picture text -----**
## **Incoming resources - Activities for generating funds** Rental income from the letting of church premises is recognized when the service (i.e. the rental) has been provided. ## **Incoming resources - Income from investments** Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue. **Resources expended - Activities directly relating to the work of the Church** The diocesan parish share is accounted for when paid. Any parish share unpaid at 31 December would be provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet. In accordance with the Charities Act 2011 expenditure on improvements to consecrated Church Buildings are not capitalised as fixed assets but rather are expenses as incurred. ## **Gains and losses on investments** Realized gains or losses are recognized when investments are sold. Unrealized gains or losses are accounted for on revaluation of investments at 31 December. **Fixed assets - Other fixtures, fittings and office equipment** Other tangible fixed assets are valued at their historic cost less an allowance for depreciation. Depreciation is charged on a straight line basis over the useful economic lifetime of the asset. ## **Fixed Assets - Investments** Investments are valued at bid market value at 31 December. **Current assets** Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectible. 7 |**The Church of St Philip and St James, Leckhampton**
_‘seeing Christ in the world, being Christ in the world’_
**Notes to the Financial Statements (Continued)**
**For the year ended 31 December 2025**
**2**
**INCOMING RESOURCES**
**Unrestricted**
**funds**
**£**
2(a)
**Voluntary Income**
Planned giving:
PGS gift aid donations
99,522
PGS non gift aid donations
5,556
PGS tax recoverable
25,859
Standing order gift aid donations
2,382
Standing order non gift aid donations
5,217
Other planned giving
2,300
Other non-planned giving
2,859
Other income tax recoverable
1,826
Collections (open plate) at all services
3,973
Coffee donations
1,284
Sundry donations
4,430
Charity collections
0
St Andrew's Ramallah giving
0
Legacies
2,038
157,246
2(b)
**Major projects (Church reordering and Organ restoration)**
Church reordering - Gift aid donations
0
Church reordering - Non gift aid donations
0
Church reordering - Other income
0
Church reordering - Gift aid recoverable
0
Organ restoration - congregational giving
0
Organ restoration - gift aid
0
Organ restoration - other fund raising
0
0
2(c)
**Income from church activities**
Fees
8,555
Other
675
9,230
2(d)
**Activities for generating funds**
Donations received at church run groups and events
19,601
Other income from church hire
50,377
69,977
2(e)
**Income from investments**
Dividends from investment funds
1,050
Interest from cash deposit funds
2,223
3,273
2(f)
**Other incoming resources**
Insurance claims
0
0
**TOTAL INCOMING RESOURCES**
239,726|**Restricted**
**Funds**
**£**
3,278
0
0
0
0
0
0
5
0
0
6,255
4,174
5,464
0
19,175
270
0
0
0
2,860
88
588
3,805
0
0
0
798
0
798
0
0
0
0
0
23,778|**2025**
**2024**
**£**
**£**
102,800
94,602
5,556
7,384
25,859
25,673
2,382
2,832
5,217
2,835
2,300
1,700
2,859
6,445
1,831
4,297
3,973
5,280
1,284
1,061
10,685
5,622
4,174
6,349
5,464
0
2,038
3,085
176,421
167,166
270
11,860
0
25,050
0
115
0
1,838
2,860
0
88
0
588
0
3,805
38,862
8,555
4,020
675
1,250
9,230
5,270
20,398
21,999
50,377
41,375
70,775
63,375
1,050
868
2,223
4,537
3,273
5,405
0
0
0
0
263,504
280,078
**TOTAL FUNDS**| |---|---|---| |||| 8 |**The Church of St Philip and St James, Leckhampton**|**The Church of St Philip and St James, Leckhampton**|**The Church of St Philip and St James, Leckhampton**|||| |---|---|---|---|---|---| ||_‘seeing Christ in the world, being Christ in the world’_||||| |**Notes to the Financial Statements (Continued)**|||||| |**For the year ended 31 December 2025**|||||| |**3**|**RESOURCES EXPENDED**||||| |||**Unrestricted**|**Restricted**|**TOTAL**|**FUNDS**| |||**Funds**|**Funds**|**2025**|**2024**| |||**£**|**£**|**£**|**£**| |**3(a)**|**Cost of Charitable activities**||||| ||_Charitable giving:_||||| ||Charitable giving from unrestricted funds|125|0|125|(3,150)| ||Support to St Andrew's, Ramallah|0|4,350|4,350|5,500| ||Other charitable giving from specific collections|0|4,063|4,063|3,550| |||125|8,413|8,538|5,900| ||_Activities directly relating to the work of the Church:_||||| ||Contribution to team parish share|93,996|0|93,996|104,154| ||Contribution to team expenses|828|0|828|829| ||Incumbent expenses|630|0|630|878| ||Other staff expenses|427|0|427|390| ||Church energy costs (gas and electricity)|16,673|0|16,673|6,276| ||Other Church utility costs (water and rubbish collection)|2,585|0|2,585|1,964| ||Church cleaning|5,977|0|5,977|9,331| ||Church insurance|7,918|0|7,918|7,480| ||Upkeep of services|19,323|4,591|23,913|20,660| ||Church - maintenance|6,516|0|6,516|14,740| ||Depreciation of furnishings or equipment|12,274|0|12,274|12,274| ||Salaries/wages/honoraria|27,880|0|27,880|26,969| ||Parish office costs|16,926|0|16,926|31,994| ||Youth worker funding and expenses|4,117|0|4,117|2,729| ||Expenses associated with Church Led events|0|0|0|981| ||Expenses in relation to Community activities|0|1,655|1,655|1,731| ||Church activity support|4,199|0|4,199|2,990| ||Cost of new equipment|2,119|0|2,119|0| ||Element of fees paid to GDBF/ choir|3,148|0|3,148|1,306| |||225,536|6,245|231,782|247,675| ||_Total Charitable activities_|225,661|14,658|240,319|253,576| |Upkeep of services includes salary paid to Musical Director and parish||office costs include|salary paid to parish administrator.||| |**3(b)**|**Storage and organ restoration**||||| ||Storage joinery|1,486|7,354|8,840|0| ||Organ restoration|0|1,397|1,397|0| |||1,486|8,751|10,237|0| |**3(c)**|**Cost of governance and fund raising activities**||||| ||Administration & stewardship costs|1,921|0|1,921|1,534| ||Other (printing, stationery, bank charges etc)|615|0|615|353| |||2,536|0|2,536|1,887| |The independent examiner provides their services free of charge.|||||| ||**TOTAL RESOURCES EXPENDED**|229,683|23,409|253,092|255,462| ||||||| 9 ## **Notes to the Financial Statements (Continued) For the year ended 31 December 2025** |**3 (d)**
**Youth work**
**Income**
PGS and PGS tax recoverable
Non PGS donations
Other income
Income tax recoverable
CNC contribution
St P&J contribution
Other PCC contributions
**TOTAL INCOMING RESOURCES**
**Expenditure**
Youth ministry staff costs
Other youth ministry costs
**TOTAL RESOURCES EXPENDED**
**NET MOVEMENT IN FUNDS**|**Unrestricted**
**Funds**
**£**
0
0
0
0
0
0
0
0
0
0
0
0|**Restricted**
**Funds**
**£**
4,556
1,472
7,138
(62)
7,422
4,117
6,597
31,239
32,741
6,843
39,585
(8,346)|**2025**
**£**
4,556
1,472
7,138
(62)
7,422
4,117
6,597
31,239
32,741
6,843
39,585
(8,346)
**TOTAL**|**2024**
**£**
4,965
1,872
3,767
468
0
1,372
13,084
**FUNDS**| |---|---|---|---|---| |||||25,527| |||||32,337
622| |||||32,959| |||||| |||||(7,432)| 10 ## **The Church of St Philip and St James, Leckhampton** _‘seeing Christ in the world, being Christ in the world’_ ## **Notes to the Financial Statements (Continued)** ## **For the year ended 31 December 2025** |**4(a)**
**STAFF COSTS P&J**
Net Wages & salaries
Pension costs
Income tax and NI to HMRC
Less contributions from other Parishes|**2025**
**2024**
67,840
76,354
5,747
5,910
10,766
14,536
(32,741)
(33,070)
51,612
63,730| |---|---| The number of staff employed at 31 December 2025 was 4 (2024: 5). The staff employed at 31 December 2025 are a youth worker, a parish administrator / venue manager, an operations manager and a musical director. There were no staff who received emoluments of more than £60,000 excluding pension contributions in the period (2024: no staff). In addition, to services provided by employees, the Church also relies significantly on services provided by unpaid general volunteers who support the worship and other activities of the Church. No members of the Church Council have been paid any remuneration or received any other benefits from employment with the Church. There have been no transactions with related parties during the reporting period. ## **5 FIXED ASSETS FOR USE BY THE COUNCIL** - 5(a) _Tangible fixed assets - fixtures, fittings and equipment_ |_Tangible fixed assets - fixtures, fittings and equipment_|||| |---|---|---|---| |**BOOK COST**
At 1 January 2025
Additions
At 31 December 2025
**ACCUMULATED DEPRECIATION**
At 1 January 2025
Depreciation in year
At 31 December 2025
**NET BOOK VALUE**
At 31 December 2025
At 31 December 2024|**£**
Portable
organ and
piano
31,210
0
31,210
12,484
3,121
15,605
15,605
18,726|**£**
Re-ordering
furniture
91,531
0
91,531
36,612
9,153
45,766
45,766
54,919|**£**
Total Fixed
Assets
122,741
0| ||||122,741| ||||49,096
12,274| ||||61,371| ||||61,371| ||||73,645| Re-ordering furniture, portable organ and piano are depreciated on a straight line basis over a 10 year useful life. 11 ## **The Church of St Philip and St James, Leckhampton** _‘seeing Christ in the world, being Christ in the world’_ ## **Notes to the Financial Statements (Continued)** ## **For the year ended 31 December 2025** |5(b)
_Investment fixed assets_
Movements in the year:
Market value - 1 January 2025
Purchases at cost, less disposals at carrying value
Net gains / (losses) on annual revaluation
Market value - 31 December 2025
Holdings at 31 December 2025: 11,120.48 (2024: 10,748.25) s
753.13 (2024 : 753.13) share
**6**
**ANALYSIS OF NET ASSETS BY FUND**
Fixed Assets for Church Use
Investment Fixed Assets
Current Assets
Liabilities
**Fund balance P&J only**
Youth work current assets
Youth work current liabilities
**Fund balance P&J including youth work**
The restricted funds comprise:
Opening at 1 January 2025
Incoming resources
Transfers between funds
Resources expended
Closing at 31 December 2025
Opening at 1 January 2025
Incoming resources
Transfers between funds
Resources expended
Closing at 31 December 2025
Opening at 1 January 2025
Incoming resources
Transfers between funds
Resources expended
Closing at 31 December 2025
Opening at 1 January 2025
Incoming resources
Transfers between funds
Resources expended
Closing at 31 December 2025|hares in the CBF Ch
s in the CBF Churc
St Andrew's,
Ramallah
£
2,574
5,575
0
(4,350)
3,799
Sub total from
above
£
5,211
13,170
0
(13,003)
5,378
Sub total from
above
£
16,931
19,530
0
(22,012)
14,450
Sub total from
above
£
16,931
23,778
0
(23,409)
17,300|urch of England S
h of England Invest
Choral
tradition
£
2,226
3,533
0
(4,591)
1,168
David Mace
memorial
£
1,084
0
(1,084)
0
0
Veterans
£
0
387
0
0
387
SCC Youth
Work
33,273
31,239
0
(39,585)
24,927|**£**
Investment Fund
17,414
0
(696)
16,718
hort Duration Bond Fu
ment Fund
Unrestricted
Funds
£
61,371
33,707
90,354
(1,127)
184,305
0
0
184,305
Charitable
appeals
£
0
4,063
0
(4,063)
0
Community
Activities
£
10,636
90
0
(1,655)
9,071
Organ
restoration
£
**0**
3,535
0
(1,397)
2,138
**Total**
**50,204**
**55,017**
**0**
**(62,993)**
**42,228**|**£**
**£**
Fixed Interest
Fund
Total
Investments
16,028
33,442
566
566
395
(301)
16,989
33,707
nd
Restricted
Funds
Total
£
£
0
61,371
0
33,707
24,428
114,782
(7,128)
(8,254)
17,300
201,605
28,310
28,310
(3,383)
(3,383)
42,228
226,533
Ukraine
Sub-Total
£
£
411
5,211
0
13,170
0
0
0
(13,003)
411
5,378
Storage
Sub-Total
£
£
0
**16,931**
6,270
**19,530**
1,084
**0**
(7,354)
**(22,012)**
0
**14,450**
Eco
**P&J total**
**(ex Youth**
**Work)**
£
0
**16,931**
326
**23,778**
0
**0**
0
**(23,409)**
326
**17,300**| |---|---|---|---|---| 12 ## **The Church of St Philip and St James, Leckhampton** _‘sharing God’s love through worship, education and service’_ **Notes to the Financial Statements (Continued) For the year ended 31 December 2025** - **7 DEBTORS** |**7**
**DEBTORS**
Income Tax recoverable P&J
Amount receivable from SCC Team in respect of Youth Worker salary
Prepayment of waste disposal costs for 2025
Accrued interest receivable on CCLA deposit account
Other debtors
Amounts receivable in respect of Church Hire
Debtors P&J only
Income Tax recoverable youth work
Debtors P&J including youth work
**8**
**LIABILITIES**
Accounts payable (i.e. bills received)
Accruals
P&J only
Accruals youth work
P&J including youth work
Accounts payable includes £6,188 in respect of storage joinery work.|**2025**
**2024**
**£**
**£**
4,040
9,354
0
9,919
0
402
537
597
20
0
2,718
4,458
7,315
24,729
757
819
8,072
25,548
**2025**
**2024**
**£**
**£**
6,188
1,256
2,066
2,739
8,254
3,995
3,383
12,485
11,637
16,480| |---|---| Accruals includes £940 in respect of Christian Aid unpresented cheque, £540 for organ report, £468 gift aid payable to SCC and £119 provision against Church Hire invoices due. Accrual of £12,485 for Youth Work reflects balance of South Cheltenham Teams bank account relating to team activities rather than Youth Work of £2,566 and youth worker staff costs accrual of £9,919. ## **9 CASHFLOW** |9 (a) Cash flow statement
Net income per Statement of Financial Activities (P&J)
Net income per Statement of Financial Activities (Youth Work)
Total net income per Statement of Financial Activities
Adjustments for:
Depreciation charges
Gains / losses on investment
Dividends reinvested into investment funds
Change in debtors
Change in accruals and accounts payable
**Net cash flow from operating activities**
Net cash flow from investing activities - purchase of furniture
Net cash flow from financing activities - loans*
Net cash flow from investing activities - sale of investments
**Net cash flow from operating and investing activities**
* £15k foregiveness of loan is included in net income in Statement of Financial Activities as a donation.
9 (b) Analysis of cash and cash equivalents
Short term deposits - (P&J)
Cash at bank - (P&J)
Cash at bank - (Youth Work)
**Change in cash and cash equivalents during reporting period (see above)**|**2025**
**£**
10,111
(8,346)
1,766
12,274
301
(566)
17,476
(4,843)
**26,408**
0
0
0
**26,408**
**2025**
**£**
53,105
54,362
27,553
135,020
**26,408**|**2024**
**£**
25,468
(7,432)| |---|---|---| |||18,036
12,274
(852)
(396)
(15,073)
8,485| |||**22,474**| |||0
(75,000)
0| |||**(52,526)**| |||**2024**
**£**
50,338
13,336
44,939| |||108,612| |||| |||**(52,526)**| ## **END OF DOCUMENT** 13 |**St Christopher’s Warden Hill**||||||||**1**| |---|---|---|---|---|---|---|---|---| |**Statement of Financial Activities**||||||||| |**For theperiod 1 January to 31 December 2025**||||||||| ||Note|Unrestricted
Funds(£)||Restricted
Funds(£)||TOTAL 2025
(£)||TOTAL 2024
(£)| |**INCOMING RESOURCES**||||||||| |_Incoming resources from donors_|1(a)|34,541.39||7,057.16||41,598.55||26,075.87| |_Other voluntary incoming resources_|1(b)|105.89||1,383.92||1,489.81||1,403.28| |_Incoming resources from operating activities_|1(c)|36,325.70||1,969.82||38,295.52||34,761.38| |_Income from investment_|1(d)|11.27||0.00||11.27||12.54| |_Other incoming resources_|1(e)|8,000.00||0.00||8,000.00||8,000.00| |**TOTAL INCOMING RESOURCES**||78,984.25||10,410.90||89,395.15||70,253.07| |||||||||| |**RESOURCES EXPENDED**||||||||| |_Ministerial costs_|2(a)|19,942.32||0.00||19,942.32||29,056.16| |_Grants and donations_|2(b)|500.00||1,000.00||1,500.00||1,405.00| |_Church running costs_|2(c)|33,102.54||4,429.16||37,531.70||44,586.72| |_Church management and administration_|2(d)|2,781.46||0.00||2,781.46||1,409.68| |_Costs ofgenerating funds_|2(e)|461.40||466.01||927.41||8.01| |**TOTAL RESOURCES EXPENDED**||56,787.72||5,895.17||62,682.89||76,465.57| |||||||||| |**NET MOVEMENT IN FUNDS**||22,196.53||4,515.73||26,712.26||-6,212.50| |||||||||| |**BALANCES BROUGHT FORWARD AT 1 JANUARY**||11,984.82||6,967.71||18,952.53||25,165.03| |||||||||| |**BALANCES CARRIED FORWARD AT 31 DECEMBER**||34,181.35||11,483.44||45,664.79||18,952.53| 14 **----- Start of picture text -----**
St Christopher’s Warden Hill 2
Balance Sheet at 31 December 2025
2025 2024
(£) (£)
CURRENT ASSETS
Current account @ Co-Operative 43,782.00 16,393.82
Investment account @ CCLA 260.25 248.98
Cash in hand 40.67 39.26
Debtors 1,581.87 2,294.66
45,664.79 18,976.72
LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
Creditors 0.00 24.19
NET CURRENT ASSETS 45,664.79 18,952.53
ALLOCATION TO FUNDS
General Fund 34,181.35 11,984.82
Mission Fund 637.56 114.48
Organ Fund 4,591.55 4,591.55
Bell Fund 1,575.76 1,575.76
Refurbishment Fund 3,841.15
Legacies 837.42 685.92
45,664.79 18,952.53
These accounts are prepared on the 'receipts and payments' basis and comply with the appropriate legal requirements.
The notes on pages 3 to 4 form part of these accounts.
**----- End of picture text -----**
15 **----- Start of picture text -----**
St Christopher’s Warden Hill 3
Notes to the Financial Statements
For the period 1 January to 31 December 2025
1 INCOMING RESOURCES Unrestricted Restricted TOTAL 2025 TOTAL 2024
Funds (£) Funds (£) (£) (£)
1(a) Incoming resources from donors
Planned giving 21,840.40 21,840.40 18,451.20
Collections (open plate) at all services 3,965.11 107.16 4,072.27 2,374.22
Gift Aid tax recovery 7,769.51 7,769.51 2,954.17
Donations 966.37 6,950.00 7,916.37 2,296.28
34,541.39 7,057.16 41,598.55 26,075.87
1(b) Other voluntary incoming resources
Grants 105.89 105.89 0.00
Charity appeals 1,383.92 1,383.92 1,403.28
105.89 1,383.92 1,489.81 1,403.28
1(c) Incoming resources from operating activities
Hall rental 34,469.60 34,469.60 32,276.00
Fees 1,007.00 1,007.00 1,055.00
Fund raising events 1,969.82 1,969.82 545.98
Magazine sales and adverts 849.10 849.10 884.40
36,325.70 1,969.82 38,295.52 34,761.38
1(d) Income from investment
Bank Interest 11.27 11.27 12.54
11.27 0.00 11.27 12.54
1(e) Other incoming resources
Vodafone rental 8,000.00 8,000.00 8,000.00
Sale of church property 0.00 0.00
8,000.00 .00 8,000.00 8,000.00
TOTAL INCOMING RESOURCES 78,984.25 10,410.90 89,395.15 70,253.07
**----- End of picture text -----**
16 |**St Christopher’s Warden Hill**|**St Christopher’s Warden Hill**|||||||**4**| |---|---|---|---|---|---|---|---|---| |**Notes to the Financial Statements**||||||||| |**For theperiod 1 January to 31 December 2025**||||||||| |||||||||| |**2**|**RESOURCES EXPENDED**|Unrestricted
Funds(£)||Restricted
Funds(£)||TOTAL 2025
(£)||TOTAL 2024
(£)| |||||||||| |2(a)|_Ministerial costs_|||||||| ||Parish share|17,718.00||||17,718.00||27,078.00| ||SCC team costs|216.00||||216.00||210.00| ||SCCyouth work|1,068.00||||1,068.00||708.00| ||Clergyexpenses|766.90||||766.90||871.10| ||Outreach|173.42||||173.42||136.64| ||Other ministrycosts|||||0.00||52.42| ||Fees|||||0.00||0.00| |||19,942.32||0.00||19,942.32||29,056.16| |||||||||| |2(b)|_Grants and donations_|||||||| ||Charities – mission / relief|500.00||1,000.00||1,500.00||905.00| ||Charities – secular|||||0.00||500.00| |||500.00||1,000.00||1,500.00||1,405.00| |||||||||| |2(c)|_Church running costs_|||||||| ||Energy|8,013.79||||8,013.79||6,451.69| ||Cleaning|856.22||||856.22||1,483.67| ||Gardening|917.00||||917.00||484.00| ||Insurance|1,338.10||||1,338.10||1,146.78| ||Repairs&replacements|3,215.33||||3,215.33||2,811.67| ||Furnishings&equipment|1,178.35||394.48||1,572.83||15,339.53| ||Church supplies|829.70||||829.70||1,101.64| ||Wages – administrator|5,284.08||828.58||6,112.66||4,381.35| ||Wages – organist&assistant|1,431.00||||1,431.00||2,070.00| ||Wages – cleaner|6,835.44||||6,835.44||6,698.23| ||Honoraria& gifts|257.11||||257.11||| ||Refurbishmentproject management|||3,162.00||3,162.00||635.08| ||Subscriptions&licences|1,946.08||44.10||1,990.18||1,348.22| ||Sundrysupplies|582.52||||582.52||216.92| ||Celebrations&hospitality|417.82||||417.82||417.94| |||33,102.54||4,429.16||37,531.70||44,586.72| |||||||||| |2(d)|_Church management and administration_|||||||| ||Printing &stationery|1,635.85||||1,635.85||552.80| ||Telephone / copier / Internet|1,145.61||||1,145.61||856.88| |||2,781.46||0.00||2,781.46||1,409.68| |||||||||| |2(e)|_Costs ofgenerating funds_|||||||| ||Cost of fundraising|81.47||466.01||547.48||8.01| ||Cost of stewardship|379.93||||379.93||0.00| |||461.40||466.01||927.41||8.01| |||||||||| ||**TOTAL RESOURCES EXPENDED**|56,787.72||5,895.17||62,682.89||76,465.57| 17 CHARITY COMMISSION IOIN I NQGLAND AN.D WIILES Section A Independent Examiner's Report Report to th• rnwnber4 of On accounts lor th• y•ar Charity no (if any) Z-i% R•sp•ctfv• r•*pon8lbllltl•• of The tharity's tnJstee8 arn lor tho preparation of the accounts. The charity's tru8t••• and oxamln•r tru8tws consth that an rs not wuir•d Ic* thffj ye•r LHKler 8e¢lion 144 01 the Chanti Act 2011 (kn that •xaNination is nwl•J. It is my r•SE￿$thIty to." trx•mi￿ Jccwnts ￿¢¥￿n 145 Oftt￿ char￿8$ to loll¢w the Iwd dcmn In the genernl Directsons gN•n by th• Charty C¢)mnuswi lunder se(kn 14515llbl of ihe Charitw Act, ar Ba858 of Ind•p•nd•rt P•ty exaffinabon was ca￿led a¢¢￿d4n¢* wth DTrrec*ons given by tho Chanty •xamln•rfs gtsl•rn•nt ComrThssion. eXa￿n8th)n a re¥*w of #eeounbrg recoth kept by th8 chanty and a coMwi%￿ oftr• aCC(￿ftts Ihts8• rKoth. tt also indudes ConsKIwat￿ of or d*closur8s in th• ac£ounts. •nd seeking eyplan•ts"on8 all the eMdenc8 that wouk1 be wuir•d in an ¥￿jrt. and ¢on8equenty no ownion is given a• to th8 accounts a'tru• aThl fair viw and th• r•F#)11s limit•J to those nb'r#J reco￿ not kgpt in g¢¢tyd•tK• Wrth s•¢bon 130 of th• Chanti8s the acthnls not t•th Ihe aFWicatrAe requireffMts ryJn¢wning th• fom •nd contth* of xc¢unts s¢t oui in the Ch•rFbes lAcC￿jnts and R8portsl R•gul8lion$ 2CQ8 Qthor thon #ny rgauiremwrt ttwt ts accounis give a kni• 8nd f8ir' vvw which ib I have como across no othw mait•rs in ¢*nn•thon wth the examination to which 8lgn•d: o+ Rel￿•nt profeJ¥lonal qualific•tionlsl or l)ody Irf Addrts•: LIgIH IER December 2017