THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SAVIOUR CHURCH WARWICK AVENUE
FINANCIAL STATEMENTS
31 DECEMBER 2025
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SAVIOUR CHURCH WARWICK AVENUE
TRUSTEES' REPORT
The Vicar and the Churchwardens present their report for the year ended 31st December 2025.
Members:
The Reverend Chrisotpher Stoltz Chairman
Richard Webster Churchwarden Elizabeth Knowles Churchwarden Gilbert Abou-Haydar Treasurer Jane Ireland Secretary
Charity number 1136054
Independent Examiner Kojo Amoah-Arko Kojo & Co. Ltd. Chartered Certified Accountants 118-120 London Road Mitcham Surrey CR4 3LB
The past calendar year was the first full year of the Vicar’s being in post.
Given the amount of significant administrative work that awaited the Vicar’s arrival in late 2024, including projects with serious legal and financial implications for both churches, 2025 has been a year of addressing these matters and largely seeing them towards resolutions favourable to the Parish and its ministry. Much work has been accomplished by solicitors working on behalf of St Saviour's Church, and we are near to having leases renewed with the Little Sweethearts Montessori School, which has exclusive use of the Church Hall. This will ensure a reliable stream of income over the coming years.
The Vicar continues to be grateful for the collegiality of very many dedicated people, clerical and lay, paid and volunteer, alike. The ministry offered by St Saviour’s Church is dependent – and its growth remains reliant – upon the abilities and offerings of many.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SAVIOUR CHURCH WARWICK AVENUE
TRUSTEES' REPORT (Contd.)
The Vicar drafted a Mission Action Plan for the Parish, which will continue to take shape in discussion with the clergy and, ultimately, with the PCC. New external signage for the church was designed and installed, and the design for the proposed gates at the base of the entrance steps to the church were finalised. The Vicar worked closely with Westminster City Council, and with the local Councillors, to begin the process of obtaining Council approval for the gates (necessary because St Saviour’s is located in a designated Conversation Area). The plan will, after Council approval, require a successful granting of a Faculty.
St Saviour's Church (with St Mary's) retains a close and fruitful relationship with St Saviour's Church of England Primary School. Libby Granite, the school's Head, is entirely supportive of, and desirous of developing further, the school's actively Christian ethos, not least in its provision of religious education, in supporting the weekly term-time School Mass, and in ensuring that the children and staff participate in (at least) termly services in St Saviour's Church. Remarkably and very encouragingly, the governing body of the school is, for the most part, actively involved in the worshipping life of St Savour's or St Mary's Church. The Vicar continued to work with the Head in preparation for the SIAMS inspection, which is likely to take place in 2027. The Vicar and the Assistant Priest continue to spend time weekly in the school. The Vicar remains a Governor of the School and is involved also in a subcommittee of the governing body.
On Pentecost Sunday, 8th June 2025, we welcomed the Bishop of London, who confirmed 8 people at St Mary's (the confirmands consisting of a mixture of St Saviour’s and St Mary’s parishioners). The Vicar has prepared both the adults and the young people, through a series of discussion sessions, for Confirmation. On our marking of the Feast Day of Corpus Christi, Sunday 22nd June 2025, the Feast of Tide for St Saviour’s, 10 children were admitted to their First Communion. Thanks are due especially to Kelly Rogers at St Saviour’s School, who oversaw the catechetical preparation of the children for Communion. The Vicar prepared the children who are not pupils at St Saviour’s School.
Throughout the year, the Assistant Priest was involved in a weekly evening book / home discussion group. The Assistant Priest also provided leadership to the bi-weekly parents’ prayer group (parents of St Saviour’s School pupils) that meets in St Saviour’s Church.
Following on from the Quinquennial Inspection carried out by the Parish’s Inspecting Architect, Kelley Christ (the on-site work having been accomplished in 2024), St Saviour’s received the architect’s final Quinquennial Report. There are, as would be expected, suggestions for work to be undertaken, but encouragingly no urgent works were discovered.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SAVIOUR CHURCH WARWICK AVENUE
TRUSTEES' REPORT (Contd.)
The Vicar welcomed the Archdeacon of London, the Venerable Luke Miller, to St Saviour’s on Monday 6th October for the Archdeacon's Visitation. The Visitation included meetings with the Vicar, the Assistant Priest, the Parish Safeguarding Officer, the Churchwardens, and the PCC en masse. Subsequent to the Visitation, the parish received the Archdeacon’s Visitation Report, which was very positive indeed, though it (predictably) contained some suggestions for improvement to a select number of policies and procedures.
Attendance at the 8 and 11am Masses continues to be robust, and this includes the number of young children present at both services. Many thanks are due to the great team of volunteers who teach and assist with the Sunday School. Refreshments after each Mass are well-provisioned and much in demand, and thanks are due to the volunteers who set up, serve, and clean-up after refreshments. Because church attendance is strong, it is essential that our Safeguarding policies and resulting practices remain robust and up-to-date, clearly communicated, and constantly under review. To this end, much credit and many thanks go to Jane Ireland, the Designated Safeguarding Lead, whose constancy and detailed care are greatly appreciated.
The PCC continues to receive a steady stream of income from the Filipino church that meets weekly at St Saviour's and from the Little Sweethearts Montessori School, which utilises the lower-level Church Hall. Regarding the Filipino church, the Vicar has begun the process of formalising the arrangement between St Saviour’s and what amounts to a weekly tenant, a prior to this there has been only an informal agreement between the two parties. The PCC also receives substantial, if occasional and irregular, income from the extension of leases in Manor House Court. Related to Manor House Court, much work has been accomplished over the past year in becoming clear as to the designations of the parking places in the underground carpark. Discussions continue as to how the car park might become an even more viable generator of income for the church.
Finally, mention must be made of those people who, day to day, serve the parish well and enable the flourishing of the Church's ministry in Little Venice. Firstly, mention must be made of the Assistant Priest, Fr Andrew Norwood, and the Honorary Assistant Priest, Fr Ellis Blackmore. Also to be thanked for their dutiful service are the Parish Administrator, Karen Peakman, Churchwardens, Elizabeth Knowles and Richard Webster, Director of Music, Jonathan Cunliffe; Designated Safeguarding Lead, Jane Ireland; Cantors, Paul King and Lindsey Richardson; all School volunteers; and all members of the PCC not yet named.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SAVIOUR CHURCH WARWICK AVENUE
TRUSTEES' REPORT (Contd.)
The financial state of the Church is healthy. As of December 31, 2025 the Reserve Account held £297,159 while the Fabric Fund Reserve account held £100,017. The Church's main funding comes from parishioner contributions, which totalled £34,600 for the year ended 31 December 2025 In addition, £35,000 was received in rental income of the basement to Little Sweetheart Nursery.
Father Christopher Stoltz Chairman
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SAVIOUR CHURCH, WARWICK AVENUE
I report on the accounts of the PCC for the year ended 31 December 2025 which are set out on pages 6 to 15.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act,
-
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts represented with those records. It also includes consideration of any unusual items or disclosures in the accounts, 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 no opinion is given as to whether the accounts present a true and fair view and the report is limited to those matters set out in the statement below.
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 section 130 of the 2011 Act, and
(2) to which,to prepare accounts which accord with the accounting records and comply with the understandinthe requirements of the 2011 Act have not been met; or
Kojo Amoah-Arko FCCA Kojo & Co Ltd Chartered Certified Accountants 118-120 London Road Mitcham, Surrey CR4 3LB
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SAVIOUR CHURCH, WARWICK AVENUE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025
INCOMING RESOURCES
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Restricted | Unrestricted | Total | Total | ||
| £ | £ | £ | £ | ||
| Voluntary income | 2 | - | 35,526 | 35,526 | 35,029 |
| Other income | 3 | - | - | - | 130,100 |
| Investment income | 4 | - | 87,715 | 87,715 | 46,117 |
| __ ___ |
_____ | ||||
| TOTAL | - | 123,241 | 123,241 | 211,246 | |
| __ ___ |
_____ | ||||
| RESOURCES USED | |||||
| Support cost | 5 | 26,646 | 26,646 | 30,098 | |
| Charitable expenditure | 6 | - | 148,576 | 148,576 | 217,553 |
| __ ___ |
_____ | ||||
| TOTAL | - | 175,221 | 175,221 | 247,651 | |
| __ ___ |
_____ | ||||
| NET INCOMING RESOURCES | - | (51,980) | (51,980) | (36,405) | |
| Balances brought forward | 58,687 | 1,135,728 | 1,194,415 | 1,230,820 | |
| __ ___ |
_____ | ||||
| BALANCES CARRIED FORWARD | 58,687 | 1,083,748 | 1,142,435 | 1,194,415 | |
| __ ___ |
_____ |
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SAVIOUR CHURCH, WARWICK AVENUE BALANCE SHEET AS AT 31 DECEMBER 2025
| Note | Note | 2025 | 2024 | |||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| TANGIBLE FIXED ASSETS | ||||||
| Investments | 8 | 252,485 | 252,485 | |||
| CURRENT ASSETS | ||||||
| Debtors | 9 | 68,264 | - | |||
| Cash at bank | 10 | 832,964 | 953,089 | |||
| ____ | ____ | |||||
| 901,229 | 953,089 | |||||
| CREDITORS: Amounts falling | ||||||
| due within one year | 11 | 11,279 | 11,159 | |||
| ___ | ____ | |||||
| 889,950 | 941,930 | |||||
| ___ | ___ | |||||
| NET CURRENT ASSETS | 1,142,435 | 1,194,415 | ||||
| ___ | ___ | |||||
| FUNDS: | ||||||
| Unrestricted | 12 | 1,083,748 | 1,135,728 | |||
| Restricted | 12 | 58,687 | 58,687 | |||
| ____ | ___ | |||||
| 1,142,435 | 1,194,415 | |||||
| ___ | ___ | |||||
| Approved by the Parochial Church Council on | 26 |
April 2026 |
Chairman ……………………….. PCC Member ………………………..
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SAVIOUR CHURCH, WARWICK AVENUE NOTES TO THE FINANCIAL STATEMENTS - 31 DECEMBER 2025
1a. 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 Standards applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2025)(Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102). St Saviours meets the definition of a public benefit entity under FRS102. Assets are initially recorded at historical cost unless otherwise stated in the relevant accounting policy note.
1b Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within in current liabilities.
1c Financial instruments
The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset , with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SAVIOUR CHURCH, WARWICK AVENUE NOTES TO THE FINANCIAL STATEMENTS - 31 DECEMBER 2025
1. ACCOUNTING POLICIES (Cond)
1d. Investments
Investments are stated at market value
1e. Judgements and key sources of estimation uncertainty
In the application of the charity's accounting policies, the PCC are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
1f. Voluntary income and capital sources
Collections are recognised when made. Amounts recoverable under covenant are recognised only when honoured by the covenantor.
Income tax recoverable on covenanted or gift aid donations is recognised when received.
Grants and legacies are accounted for as soon as the PCC is notified of its entitlement and the likely amount due.
Funds raised by the fete and similar events are accounted for gross. Sales of books and magazines from church bookstalls are accounted for gross.
Rental income from letting of church premises is accounted for when earned.
Parochial fees due to the PCC for weddings, funerals etc. are accounted for on an event by event basis.
1g. Income from investments
Dividend and interest are accounted for when due. Tax recoverable on such income is accrued for on the same basis.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SAVIOUR CHURCH, WARWICK AVENUE NOTES TO THE FINANCIAL STATEMENTS - 31 DECEMBER 2025
1. ACCOUNTING POLICIES (Cond)
1h. Funds
General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. These include funds designated for a particular purpose by the PCC.
The purpose of any restricted funds is noted in the accounts.
The accounts include transactions, assets and liabilities for which the PCC can be held responsible. They do not include the accounts of church groups that owe an affiliation to another body nor those that are informal gatherings of church members.
APPLICATION OF RESOURCES
1i. Grants
Grants and donations are accounted for when payable.
1j. Cost directly related to the work of the church
Resources expended are recognised in the period in which they are incurred.
The Diocesan quota is accounted for when payable and any quota unpaid at 31 December is shown as a creditor in the Balance Sheet.
Resources are allocated to particular activity where the cost relates directly to that activity. However the cost of overall direction and administration of each activity, comprising the the salary and overhead costs of the central function is apportioned on the basis that the trustees consider reasonable. For the year under review as there is no other specific project, all the overheads are allocated to the general running of the charity.
1k. Employee benefits
The cost of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SAVIOUR CHURCH, WARWICK AVENUE NOTES TO THE FINANCIAL STATEMENTS - 31 DECEMBER 2025
2. VOLUNTARY INCOME
| 2. VOLUNTARY INCOME | 2025 | 2024 | ||
| Restricted | Unrestricted | Total | Total | |
| £ | £ | £ | £ | |
| Loose cash/Stewardship envelopes | - | 3,270 | 3,270 | 4,153 |
| Covenanted giving and gift aid | - | 9,568 | 9,568 | 12,183 |
| Donations & sundry income | - | 21,361 | 21,361 | 16,783 |
| Gift Aid | - | 1,327 | 1,327 | 1,910 |
| __ ____ |
____ | ____ | ||
| - | 35,526 | 35,526 | 35,029 | |
| __ ____ |
____ | ____ |
3. OTHER INCOME
| Sale of Manor House leases | - | - | 130,100 | |
|---|---|---|---|---|
| __ ____ |
____ | ____ | ||
| 4. INVESTMENT INCOME | ||||
| Letting of Church hall | - | 39,500 | 39,500 | 40,950 |
| Manor House Court rent | - | 26,996 | 26,996 | - |
| Interest, and dividend | - | 6,181 | 6,181 | 7,267 |
| Gains/(losses) on valuation of investments | 15,038 | 15,038 | (2,100) | |
| __ ____ |
____ | ____ | ||
| - | 87,715 | 87,715 | 46,117 | |
| __ ____ |
____ | ____ |
5. SUPPORT COST
- Salaries & wages 26,646 26,646 30,098
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SAVIOUR CHURCH, WARWICK AVENUE NOTES TO THE FINANCIAL STATEMENTS - 31 DECEMBER 2025
6. CHARITABLE EXPENDITURE
| 6. CHARITABLE EXPENDITURE | ||||
|---|---|---|---|---|
| 2025 | 2024 | |||
| Restricted | Unrestricted | Total | Total | |
| £ | £ | £ | £ | |
| Ministry: | ||||
| Diocesan quota | - | 75,000 | 75,000 | 65,000 |
| Clergy expenses | - | 150 | 150 | 184 |
| Church running expenses | - | 25,596 | 25,596 | 39,281 |
| Church repairs & maint | - | 19,284 | 19,284 | 29,660 |
| Telephone | - | - | - | 96 |
| Music & organist fees | - | 15,942 | 15,942 | 15,520 |
| Printing, stat. & Admin | - | 6,561 | 6,561 | 7,110 |
| Bank charges | - | 719 | 719 | 883 |
| Independent examiner's fees | - | 2,280 | 2,280 | 2,160 |
| PCC governance cost | - | 3,043 | 3,043 | 720 |
| Bad debt written off | - | - | 56,939 | |
| __ _ _ |
____ | |||
| - | 148,576 | 148,576 | 217,553 | |
| __ _ _ |
____ | |||
| 7. STAFF COST | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Salaries | 25,865 | 29,200 | ||
| Employer pension contribution | 781 | 838 | ||
| ______ | ____ | |||
| 26,646 | 30,038 | |||
| ______ | ____ |
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SAVIOUR CHURCH, WARWICK AVENUE NOTES TO THE FINANCIAL STATEMENTS - 31 DECEMBER 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| 8. INVESTMENTS | ||
| Investments in Manor House leases | 252,485 | 252,485 |
| ____ | ||
| This represents the present value of future ground rents from | ||
| the Manor House court leases | ||
| 9. DEBTORS | ||
| Other debtors | 64,703 | - |
| Prepayment and accrued income | 3,561 | - |
| ____ | ||
| 68,264 | - | |
| ____ | ||
| 10. BANK & CASH BALANCES | ||
| Quinquennial Fabric Fund- Current account | 100,017 | 98,913 |
| Manor House Court Deposit | 9,440 | 9,336 |
| General church account | 324,647 | 452,718 |
| NatWest Charity Current account | 2,030 | 2,007 |
| General church account- Reserve | 99,671 | 96,814 |
| Fabric Fund Account - Barclays Bank | 297,159 | 293,300 |
| ____ | ||
| 832,964 | 953,088 | |
| ____ | ||
| 11. CREDITORS; Amounts falling due within one year | ||
| Manor House Court residents' deposit | 8,999 | 8,999 |
| Accruals | 2,280 | 2,160 |
| ____ | ||
| 11,279 | 11,159 | |
| ____ |
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SAVIOUR CHURCH, WARWICK AVENUE NOTES TO THE FINANCIAL STATEMENTS - 31 DECEMBER 2025
12. FUNDS
| Balance | Receipts | Payments | Balance | |
|---|---|---|---|---|
| 01-Jan-25 | 31-Dec-25 | |||
| £ | £ | £ | £ | |
| Restricted | ||||
| Charity projects | 71 | - | - | 71 |
| Fabric fund | 58,616 | - | - | 58,616 |
| ____ | ____ | ____ | ||
| 58,687 | - | - | 58,687 | |
| ____ | ____ | ____ | ||
| Unrestricted | ||||
| General | 1,134,406 | 123,241 | 175,221 | 1,082,426 |
| Kilimanjaro Fund | 1,322 | - | - | 1,322 |
| ____ | ____ | ____ | ||
| 1,135,728 | 123,241 | 175,221 | 1,083,748 | |
| ____ | ____ | ____ | ||
| TOTAL FUNDS | 1,194,415 | 123,241 | 175,221 | 1,142,435 |
| ____ | ____ | ______ | ___ |
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST SAVIOUR CHURCH, WARWICK AVENUE NOTES TO THE FINANCIAL STATEMENTS - 31 DECEMBER 2025
13. STATEMENT OF FUND BALANCES
| Restricted | Unrestricted | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Investments | - | 252,485 | 252,485 |
| Debtors | - | 68,264 | 68,264 |
| Bank & cash balances | 67,686 | 765,279 | 832,964 |
| Creditors: Amounts due within one year | (8,999) | (2,280) | (11,279) |
| ____ | _____ | ____ | |
| 58,687 | 1,083,748 | 1,142,435 | |
| ____ | _____ | ____ |
14. CONSOLIDATED ACCOUNTS
During the year certain charities existed mainly for the benefit of the church that were also under the control of the church. The accounts of these charities have not been consolidated. Due to the immateriality of the amounts involved, the PCC is of the opinion that the cost of consolidation far outweigh the benefit to the church. The charities were:
Henry Wallace Hornby Lillian Lees Memorial Fund Eliza Grafton Trust Delhane Small Trust