**Annual Report and Financial Statements of the Parochial Church Council**
## for the year ended **31 December 2025**
_“There is a time for everything, and a season for every activity under the heavens.”_
Ecclesiastes 3:1
## **Contents**
ANNUAL REPORT ON THE YEAR 2025 ........................................................................ 1 VICAR’S REPORT ........................................................................................................... 5 STATEMENT OF TRUSTEES’ RESPONSIBILITIES ....................................................... 7 INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES ....................................... 8 STATEMENT OF FINANCIAL ACTIVITIES ..................................................................... 9 BALANCE SHEET ......................................................................................................... 10 NOTES TO THE FINANCIAL STATEMENTS ................................................................ 11 APPENDIX 1: CHRIST CHURCH PLAYGROUP .......................................................... 18 APPENDIX 2: CHRIST CHURCH FRIENDSHIP CLUB ................................................ 19 CONTACT DETAILS ..................................................................................................... 20
_**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2025**_
## **ANNUAL REPORT ON THE YEAR 2025**
## **Aims and Purposes**
Christ Church PCC has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the church: pastoral, evangelical, social and ecumenical. It also has responsibility for the maintenance of the parish church and its ancillary buildings.
## **Objectives and Activities**
Every Anglican parish church is by definition a charity. This charity exists to take the good news of Jesus Christ to the communities of Christ Church Cheltenham. The church is called to make disciples of Jesus, connecting them with God, being community together and showing compassion to others.
## **Achievements and Performance**
There were 117 members on the updated Electoral Roll presented at the APCM in 2025 (2024: 190). During 2025 we had 130 Easter communicants (2024: 120) and 165 Christmas communicants (2024: 190).
## **Financial Review**
The accounts for the year show that during 2025 there was a deficit of income minus expenditure, after gains and losses of £53,839 (2024: surplus of £14,835).
The PCC funds consist of unrestricted funds, including general funds and designated funds, and restricted funds. Designated funds are monies set aside for a particular purpose by the PCC, a decision which they can reverse. The use of restricted funds has been prescribed by the donor and is irreversible.
During the year the designated funds were:
|Youth Work
(closed 31 December 2025)|To support the provision of youth and
children’s work at Christ Church.|
|---|---|
|Development (Des) Fund|To provide for repairs, development and
re-decoration of the church buildings.|
|Parish Share Fund|To provide for payments of parish share to
the diocese.|
_**Page**_ **1**
_**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2025**_
At 31 December the Parish Share fund was set up to manage the updated reserves policy. The new reserves policy is described below.
At 31 December the Youth Work fund was closed, with the balance (£396) transferred to the general fund.
The restricted funds were:
|Special Appeals|To support missions and charities.|
|---|---|
|Miss Milne Fund|To provide for lighting the church tower.|
|Friendship Club|To provide a mid-week meal and social
activities for its members.|
|Playgroup|To provide a pre-school play group facility
in the church halls.|
## **Reserves Policy**
Reserves are held to ensure the ability of the PCC to meet its parish share obligations in the event of adverse fluctuations in income or expenditure.
The PCC has a policy of holding between 3 months and 12 months prospective parish share payments in a designated fund.
The Parish Share fund was ceded on 31 December 2025 with a transfer in of 9 months prospective parish share payments, £60,000
## **Structure, Governance and Management**
The PCC is supported by the following structure of committees, each of which reports into the PCC.
## _**Standing Committee**_
Membership: Incumbent, Lay Vice Chair, Churchwardens, Treasurer, Secretary. PCC may appoint other members to the Standing Committee as it sees fit.
40% of the members must be present for any business to be transacted.
_**Page**_ **2**
_**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2025**_
Remit: Assist the chair of the PCC in setting the agenda for PCC meetings, oversee the practical application of PCC decisions.
## _**Finance Committee**_
Membership: Incumbent, Lay Vice Chair, Churchwardens, Treasurer, Secretary. PCC may appoint other members to the Finance Committee as it sees fit.
40% of the members must be present for any business to be transacted.
Remit: Assist the Treasurer in developing the annual budget, monitor financial performance and risks.
## _**Fabric Committee**_
Membership: One Churchwarden, 3 PCC members. Other members may be co-opted as the committee sees fit.
Remit: Assist the churchwardens in ensuring the care of the goods, fabric and ornaments of the church, church grounds and other church property. Ensure compliance with all appropriate Health & Safety legislation.
_**Page**_ **3**
_**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2025**_
## **Administrative Information:**
Members of the PCC are either ex-officio or elected at the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. The PCC are, and are referred to elsewhere in this report as, the trustees.
## During the year the following served as members of the PCC:
**----- Start of picture text -----**
Vicar: Rev Simon Heron
Curate: Rev Eddie Carmichael
Wardens: Susan Jenner
Philip Whitefield
Treasurer: Philip Whitefield
Secretary: Susan West
Deanery Synod Ian Kirkwood
representatives: Hilary Martin
Diocesan Synod vacant
representatives:
Co-opted Members: Tim Ingold (Director of Music)
until May 2025 Rebecca Waite (Chair Environment Committee)
Elected Members:
Retired in 2025 Pat Hopkins
Gilly Jenkins
Brian Jenner
Martyn Young
Retiring in 2026 Richard Hayman
Susan West
Retiring in 2027 Heather Gates
Amanda Whitefield
Wendy Williams
Retiring in 2028 Catherine Smith
Tim Ingold
**----- End of picture text -----**
## Signed on behalf of the trustees
March 2026
________________________________ Rev Simon Heron
_**Page**_ **4**
_**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2025**_
## **VICAR’S REPORT**
As we reflect on the past year, the words of Ecclesiastes remind us:
“There is a time for everything,
and a season for every activity under the heavens.”
— Ecclesiastes 3:1
This verse speaks of rhythm, change, and purpose. Over the past year we have sensed that we are in a season of both renewal and preparation — giving thanks for what God has done, while also laying foundations for what is still to come.
During 2025 we have seen a number of encouraging developments in the life of Christ Church, for which we give thanks to God.
One of the most significant milestones has been the completion of the solar panel project. The system is now fully operational and generating power, representing both a practical and symbolic investment in the future. It reflects our commitment to good stewardship of resources and care for creation, and we are delighted to see it already making a positive impact.
Sunday services continue to be a place of welcome and growth. Week by week we have seen new people joining our worshipping family. Some have stayed and become part of the church family, while others have moved on to other church communities. In all of this we celebrate the work of God in Cheltenham and remain grateful for every person who walks through our doors.
The plans outlined last year to make better use of our main church building have progressed. The installation of screens and stage curtains has enabled us to define and adapt the space more effectively for different types of services and events. These improvements have also highlighted the potential — and the need — for more permanent solutions, which we hope to explore and begin implementing in the coming twelve months.
Financially, thanks to the continued generosity of our givers, the church remains in a healthy position. This has enabled us not only to meet our own needs but also to share our resources more widely. In particular, we have been able to send an additional £10,000 to the Diocese of Gloucester to support parishes whose financial situations are more
_**Page**_ **5**
_**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2025**_
challenging than our own. We see this as an important expression of our shared mission and mutual care within the wider church.
We are also deeply conscious that we stand on the shoulders of those who have gone before us. We are especially thankful for the vision and faith of those who built Christ Church nearly 200 years ago. In honouring both their legacy and the God we worship, we are planning improvements to the appearance of the main worship space through repair and redecoration in the coming year. This work is long overdue, as parts of the building have not been comprehensively refreshed for many decades, and we hope it will help ensure the church remains a welcoming and inspiring place for future generations.
Overall, 2025 has been a year marked by gratitude, growth, and forward vision. We look ahead with confidence, trusting in God’s continued guidance as we seek to serve our community and steward the resources entrusted to us.
Rev Simon Heron
Vicar of Christ Church Cheltenham
February 2026
_**Page**_ **6**
_**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2025**_
## **STATEMENT OF TRUSTEES’ RESPONSIBILITIES**
The trustees are responsible for preparing the trustees’ report and the financial statements in accordance with general applicable law and United Kingdom Accounting Standards (United Kingdom General Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2015 and the provisions of the trust deed. They are also responsible for safekeeping the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the trustees
________________________________ Rev Simon Heron
March 2026
_**Page**_ **7**
_**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2025**_
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES**
I report to the trustees on my examination of the accounts of the Parochial Church Council of Christ Church, Cheltenham for the year ended 31 December 2025 which are set out on pages 9 to 17.
## **Responsibilities and basis of report**
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act).
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent Examiner's Statement**
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed:
Date:
Ruth Herbert FCCA March 2026 Wenn Townsend, Chartered Accountants Watermoor Point, Watermoor Road Cirencester, GL7 1LF
_**Page**_ **8**
_**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2025**_
## **STATEMENT OF FINANCIAL ACTIVITIES**
**----- Start of picture text -----**
Unrestricted Restricted Total Total
Funds Funds 2025 2024
Note £ £ £ £
Income and endowments from:
Collections, donations and gifts 2 151,264 0 151,264 139,197
Legacies 6,700 0 6,700 6,272
Investment income 3 6,985 1,779 8,764 7,610
Income from operating activities 4 51,030 151,635 202,665 199,463
Other voluntary incoming resources 5 39,693 0 39,693 7,550
Total income 255,672 153,414 409,086 360,092
Expenditure on:
Activities relating directly to the work of the church 6 198,312 141,234 339,546 327,991
Mission and other charitable giving 7 6,000 0 6,000 4,373
Cost of fund-raising 0 0 0 0
Church management and administration 2,402 104 2,506 3,113
Development of church premises 109,726 4,900 114,626 9,749
Interest 0 0 0 0
Other costs 1,860 0 1,860 1,920
Total expenditure 8 318,300 146,238 464,538 347,146
Gains and losses on investments 1,015 598 1,613 1,889
Net Income before transfers -61,613 7,774 -53,839 14,835
Transfers between funds 0 0 0 0
Net movement in funds 9 -61,613 7,774 -53,839 14,835
Fund balances brought forward at 1 January 224,163 78,333 302,496 287,661
Fund balances as at 31 December 162,550 86,107 248,657 302,496
**----- End of picture text -----**
The notes on pages 11 to 17 form part of these financial statements.
_**Page**_ **9**
_**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2025**_
## **BALANCE SHEET**
|**Note**
**Fixed Assets**
Tangible assets
11
Investments
18
**Current Assets**
Debtors
12
Cash at bank and in hand
13
**Creditors:**Amounts falling
14
due within one year
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS**
**CURRENT LIABILITIES**
**Creditors:**Amounts falling
14
due after one year
**NET ASSETS**
**FUNDS**
Restricted funds
15
Unrestricted funds
General funds
Designated funds
16|**2025**
**£**
**£**
1,670
69,380
71,050
8,860
174,111
182,971
5,364
177,607
248,657
0
248,657
86,107
11,042
151,508
248,657|**2024**
**£**
**£**
2,598
65,455
68,053
19,499
227,714
247,213
12,770
234,443
302,496
0
302,496
78,333
50,648
173,515
302,496|
|---|---|---|
||||
Approved by the trustees and signed on their behalf by:
____________________
March 2025
Rev Simon Heron
_**Page**_ **10**
_**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2025**_
## **NOTES TO THE FINANCIAL STATEMENTS**
## **1. Accounting Policies**
## **Basis of accounting**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP (FRS 102)).
The Parochial Church Council of Christ Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
The charity has applied Update Bulletin 2 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.
## **Fund accounting**
Unrestricted funds comprise accumulated surpluses and deficits on general funds. They are available for use at the discretion of the executive committee in furtherance of the general charitable objectives.
Restricted funds are amounts donated that have their use specified for a particular purpose by the donor.
Designated funds are amounts that have been set aside at the discretion of the executive committee.
## **Income**
Incoming resources represent the total income receivable during the year comprising grants, donations and gifts, rent, merchandise and publications, investment income and gifts in kind.
## **Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
_**Page**_ **11**
_**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2025**_
- Expenditure on charitable activities includes the costs of delivering services and other activities together with their associated support costs
- Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## **Depreciation**
Depreciation is calculated to write off the cost of fixed assets over the estimated useful life of 5 years (3 years for computer equipment) at 20% (33.3% for computer equipment) per annum.
## **2. Collections, Donations and Gifts**
|Collections and covenants
Donations
Other
Income tax recoverable|**Unrestricted**
**£**
116,217
19,410
0
15,637
151,264|**Restricted**
**£**
0
0
0
0
0|**2025**
**£**
116,217
19,410
0
15,637
151,264|**2024**
**£**
122,727
797
0
15,673|
|---|---|---|---|---|
|||||139,197|
## **3. Investment Income**
|Interest and dividends|**Unrestricted**
**£**
6,985|**Restricted**
**£**
1,779|**2025**
**£**
8,764|**2024**
**£**|
|---|---|---|---|---|
|||||7,610|
||||||
## **4. Income from Operating Activities**
|
Activities to further PCC objectives
Hall letting
PCC fees
Books, magazines and other sales
Playgroup
Friendship Club|
**Unrestricted**
**£**
198
42,619
8,213
0
0
0
51,030|
**Restricted**
**£**
0
0
0
0
144,275
7,360
151,635|**2025**
**£**
198
42,619
8,213
0
144,275
7,360
202,665|**2024**
**£**
578
54,253
5,157
97
133,000
6,378|
|---|---|---|---|---|
|||||199,463|
||||||
_**Page**_ **12**
_**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2025**_
## **5. Other Voluntary Incoming Resources**
|Fund-raising events
Other donations and grants|**Unrestricted**
**£**
0
39,693
39,693|**Restricted**
**£**
0
0
0|**2025**
**£**
0
39,693
39,693|**2024**
**£**
152
7,398|
|---|---|---|---|---|
|||||7,550|
||||||
## **6. Activities Relating Directly to the Work of the Church**
|**Unrestricted**
**£**
Parish share
90,000
Clergy expenses, salaries and wages
43,280
Church and halls running costs
14,365
Church, churchyard and halls maintenanc
43,190
Church services
2,698
Operating activities
4,656
Support costs
123
Playgroup
0
Friendship Club
0
198,312|**Restricted**
**£**
0
0
3,066
0
0
0
0
130,966
7,202
141,234|**2025**
**£**
90,000
43,280
17,431
43,190
2,698
4,656
123
130,966
7,202
339,546|**2024**
**£**
110,774
43,464
18,831
7,220
4,421
6,046
341
130,899
5,995|
|---|---|---|---|
||||327,991|
|||||
## **7. Mission Giving**
**----- Start of picture text -----**
2025 2024
£ £
Christians Against Poverty 750 600
Church Mission Society 1,500 950
Gloucs Action for Refugees & Asylum Seekers 750
Maggies (Cheltenham) 750 600
Mission Without Borders 1,500 1,000
NHS (Cheltenham Hospital) 623
Lets Talk Well (formerly TIC+) 750 600
6,000 4,373
Comprising:
Giving from unrestricted funds 6,000 3,750
Special appeals 0 623
**----- End of picture text -----**
_**Page**_ **13**
_**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2025**_
## **8. Analysis of Total Expenditure**
|**Staff Costs**
**£**
Activities relating directly to work of church
155,023
Mission and other charitable giving
Cost of fund-raising
Church management and administration
Development of church premises
Interest
Other costs
155,023|**Other**
**£**
183,701
6,000
0
2,400
114,626
0
1,860
308,587|**Depreciation**
**£**
822
106
928|**Total**
**£**
339,546
6,000
0
2,506
114,626
0
1,860|
|---|---|---|---|
||||464,538|
## **9. Net Movement in Funds**
|**Unrestricted**
**£**
The net movement in funds is stated after
charging:
Depreciation
928
Independent examiner's remuneration:
1,860|**Restricted**
**£**
0
0|**2025**
**£**
928
1,860|**2024**
**£**
995
1,920|
|---|---|---|---|
|||||
|Parish share
90,000|0|90,000|110,774|
|**10. Employees and Staff Costs**||||
|In aggregate the number of full and part time
persons employed during the year was:
Charitable operations - under £10,000 per person
Charitable operations - over £10,000 per person
**Unrestricted**
Staff costs were as follows:
**£**
Salaries and wages
44,326
Remuneration paid to PCC members,
close family and business connections:
Tim Ingold
10,851|**Restricted**
**£**
110,696
-|**2025**
**Number**
8
7
**2025**
**£**
155,023
10,851|**2024**
**Number**
7
7|
||||**2024**
**£**
144,999|
||||10,409|
## **10. Employees and Staff Costs**
_**Page**_ **14**
_**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2025**_
## **11. Tangible Assets**
|**Cost**
1st January
Additions
Disposals
31st December
**Accumulated depreciation**
1st January
Charge for the year
Disposals
31st December
**Net book value**
31st December|**2025**
**£**
41,541
0
0
41,541
**2025**
**£**
38,943
928
0
39,871
1,670|**2024**
**£**
41,541
0
0|
|---|---|---|
|||41,541|
|||**2024**
**£**
37,948
995
0|
|||38,943|
||||
|||2,598|
||||
## **12. Debtors**
|Tax recoverable from collections and covenants
Other debtors, prepayments and accrued income|**2025**
**£**
3,241
5,619
8,860|**2024**
**£**
14,808
4,691|
|---|---|---|
|||19,499|
||||
|**13. Cash at Bank and in Hand**|||
|Cash at bank and building society|**2025**
**£**
174,111|**2024**
**£**
227,714|
||||
## **13. Cash at Bank and in Hand**
_**Page**_ **15**
_**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2025**_
## **14. Creditors**
|**14. Creditors**|||
|---|---|---|
|Amounts falling due within one year
Accruals
Amounts falling due after one year
Accruals|**2025**
**£**
5,364
5,364
0
5,364|**2024**
**£**
12,770|
|||12,770
0|
|||12,770|
||||
## **15. Restricted Funds**
|**Balance at**
**1st January**
**2025**
**£**
Special Appeals
0
Miss Milne Fund
13,104
Friendship Club
6,165
Playgroup
59,064
78,333|**Income Expenditure**
**£**
**£**
0
0
114
-7,966
7,570
-7,306
146,328
-130,966
154,012
-146,238|**Transfers**
**Balance at**
**31st Dec**
**2025**
**£**
**£**
0
0
0
5,252
0
6,429
0
74,426
0
86,107|
|---|---|---|
Income of the Miss Milne Fund is after investment gains of £114. Income of the Playgroup Fund is after investment gains of £484.
The Special Appeals Fund is used to record collections and other income received for a named purpose.
The Miss Milne Fund comprises funds given to provide illumination of the church tower.
The Friendship Club Fund represents the activities of the Christ Church Friendship Club.
The Playgroup Fund represents the activities of the Christ Church playgroup.
## **16. Designated Funds**
|**Balance at**
**1st January**
**2025**
**£**
Youth Work
519
Parish Share
0
Development (designated)
172,996
173,515|**Income Expenditure**
**£**
**£**
0
-123
0
0
53,440
-141,628
53,440
-141,751|**Transfers**
**Balance at**
**31st Dec**
**2025**
**£**
**£**
-396
0
60,000
60,000
6,700
91,508
66,304
151,508|
|---|---|---|
_**Page**_ **16**
_**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2025**_
The Youth Work Fund comprises funds set aside to provide activities for the youth of the parish.
The Parish Share fund comprises funds set aside to cover the PCC obligation to pay its parish share to the diocese.
The Development (designated) Fund comprises funds set aside to redevelop the church building.
## **17. Insurance**
The church buildings and contents are insured for £40,040,000 (2024: £36,400,000.)
## **18. Investments - Quoted**
|Market value at 1st January
Additions
Disposals and maturing investments
Dividends reinvested
Gains and losses on investments
Market value at 31st December|Market value at 1st January
Additions
Disposals and maturing investments
Dividends reinvested
Gains and losses on investments
Market value at 31st December|||**2025**
**£**
65,455
0
2,312
1,613
69,380||**2024**
**£**
61,950
0
1,616
1,889|
|---|---|---|---|---|---|---|
|||||||65,455|
||||||||
||||||||
|**2025**
**2025**
**Holding**
**Description**
**Market Price**
**p**
**CCLA Investment Management:**
**Miss Milne Trust Fund (restricted)**
0.00
The CBF Church of England Shor
152.77
Duration Bond Fund (income)
**Christ Church Playgroup Fund (restricted)**
13,624.31
The CBF Church of England Shor
152.77
Duration Bond Fund (income)
**General Fund (unrestricted)**
31,790.07
The CBF Church of England Shor
152.77
Duration Bond Fund (income)
Total Investment Value||||**2025**
**Market Value**
**£**
0
0
20,814
20,814
48,566
48,566
69,380||**2024**
**Market Value**
**£**
9,818|
|||||||9,818|
|||||||19,637|
|||||||19,637|
|||||||36,000|
|||||||36,000|
||||||||
|||||||65,455|
||||||||
_**Page**_ **17**
_**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2025**_
## **APPENDIX 1: CHRIST CHURCH PLAYGROUP**
## **THIS APPENDIX IS FOR INFORMATION ONLY AND DOES NOT FORM PART OF THE STATUTORY ACCOUNTS**
|**Income**
Nursery Funding
Fees (non Funding net)
Fundraising
Donations
Outings
Investment Income
Gains/(Losses) on investments
Other Income
**Total Income**|**2025**
£
129,480
14,726
69
0
0
1,569
484
0|**2024**
**Expenditure**
**2025**
£
£
112,339
Staff
111,030
19,982
Courses
654
Premises
10,080
305
Subscriptions PATA
184
0
Insurance
470
374
Refreshments
1,099
1,447
Consumables
915
567
Equipment (permanent)
2,749
Fundraising Costs
0
Administration
2,135
Other activities and outings
1,650
**135,014**
**Total Expenditure**
**130,966**|**2024**
**Expenditure**
**2025**
£
£
112,339
Staff
111,030
19,982
Courses
654
Premises
10,080
305
Subscriptions PATA
184
0
Insurance
470
374
Refreshments
1,099
1,447
Consumables
915
567
Equipment (permanent)
2,749
Fundraising Costs
0
Administration
2,135
Other activities and outings
1,650
**135,014**
**Total Expenditure**
**130,966**|**2024**
£
103,690
255
19,600
402
454
1,405
1,504
718
808
2,062|
|---|---|---|---|---|
||**146,328**|||**130,898**|
||||||
|||Excess/(Shortfall)
of Income over Expenditure
15,362||4,116|
||||||
|Fund Brought Forward
Excess/(Shortfall)
of Income over Expenditure
Net Transfers into Fund
Fund Carried Forward|**2025**
£
59,065
15,362
0|**2024**
£
54,949
4,116
0|||
||**74,427**|**59,065**|||
||||||
_**Page**_ **18**
_**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2025**_
## **APPENDIX 2: CHRIST CHURCH FRIENDSHIP CLUB**
## **THIS APPENDIX IS FOR INFORMATION ONLY AND DOES NOT FORM PART OF THE STATUTORY ACCOUNTS**
|**Income**
Charges for lunch
Fitness class
Sales tables
Coffee
Outings (receipts)
Craft Club receipts
Investment Income
Other Income
Donations
**Total Income**|**2025**
£
4,241
1,501
291
0
540
333
210
328
126|**2024**
**Expenditure**
**2025**
£
£
3,297
Catering
2,269
890
Exercise class
1,687
331
Payments to speakers
457
201
Premises costs
1,200
982
Outings (payments)
583
370
Capital costs (equipment)
500
156
Donations to charity
207
Craft Club costs
242
15
Bank charges
104
292
Other Expenditure
57
**6,534**
**Total Expenditure**
**7,306**|**2024**
**Expenditure**
**2025**
£
£
3,297
Catering
2,269
890
Exercise class
1,687
331
Payments to speakers
457
201
Premises costs
1,200
982
Outings (payments)
583
370
Capital costs (equipment)
500
156
Donations to charity
207
Craft Club costs
242
15
Bank charges
104
292
Other Expenditure
57
**6,534**
**Total Expenditure**
**7,306**|**2024**
£
2,161
1,040
754
1,200
274
0
208
260
85
98|
|---|---|---|---|---|
||**7,570**|||**6,080**|
||||||
|||Excess/(Shortfall)
of Income over Expenditure
264||454|
||||||
|Fund Brought Forward
Excess/(Shortfall)
of Income over Expenditure
Net Transfers into Fund
Fund Carried Forward|**2025**
£
6,165
264
0|**2024**
£
5,711
454
0|||
||**6,429**|**6,165**|||
||||||
_**Page**_ **19**
_**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2025**_
## **CONTACT DETAILS**
**Parish Office** (open 9am-2pm Mon-Fri) **:** Malvern Road, Cheltenham, GL50 2JH 01242 578163 office@christchurchcheltenham.com **Vicar** (day off Saturday): Rev Simon Heron, Christ Church Vicarage, Malvern Road, Cheltenham GL50 2NU 01242 515983 vicar@christchurchcheltenham.com
## **Churchwardens:**
Mrs Susan Jenner churchwarden@christchurchcheltenham.com Mr Philip Whitefield treasurer@christchurchcheltenham.com
**Treasurer:** Mr Philip Whitefield treasurer@christchurchcheltenham.com
**Banks:** Lloyds Bank, Bexleyheath HSBC, Cheltenham
**Independent Examiner:** Ruth Herbert FCCA Wenn Townsend, Chartered Accountants Watermoor Point, Watermoor Road Cirencester, GL7 1LF
_**Page**_ **20**