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2025-12-31-accounts

Charity registration number: 1138076

The Parochial Church Council of The Ecclesiastical Parish of Blackheath

known as

All Saints', Blackheath

Annual Report and Financial Statements

for the Year Ended 31 December 2025

Field Sullivan Limited 9 Hare & Billet Road London SE3 0RB

The Parochial Church Council of The Ecclesiastical Parish of Blackheath

known as All Saints', Blackheath

Contents (continued)

Reference and Administrative Details 1
Trustees' Report 2 to 6
Independent Examiner's Report 7 to 8
Statement of Financial Activities 9 to 10
Balance Sheet 11
Notes to the Financial Statements 12 to 20

The Parochial Church Council of The Ecclesiastical Parish of Blackheath

known as All Saints', Blackheath

Reference and Administrative Details

Chairman Revd Dr Nicholas William Stewart Cranfield Trustees Revd Dr Nicholas William Stewart Cranfield Rev Thomas William Chatterton Amit Dhapre Maria McInnes Elizabeth Williamson Lucy Cottrell Patrick van IJzendoorn Thomas Furber Petru-Cristian Calugaru Clare Dowding Gemma Robinson Susan Heath Patrick Kidd Anne Beck Cherry Almond Charity Registration Number 1138076 Principal Office 10 Duke Humphrey Road London SE3 0TY Independent Examiner Field Sullivan Limited 9 Hare & Billet Road London SE3 0RB

Page 1

The Parochial Church Council of The Ecclesiastical Parish of Blackheath

known as All Saints', Blackheath

Trustees' Report

The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2025.

All Saints’ Parochial Church Council has the responsibility for promoting the whole mission of the Church, pastoral, evangelistic, social and ecumenical, in the ecclesiastical parish founded in 1857, which is bounded to the north by the A2, to the east by the Cator Estate, to the south by the railway line and to the west by Orchard Drive and Goffers Road.

The Revd Dr Canon Nicholas Cranfield FSA is Vicar (since October 1999) and Father William Chatterton a non - stipendiary assistant curate. Dr Clare Dowding is a licensed Reader in the parish (and Warden of the Readers in the Diocese). We remain grateful to a locally retired priest Fr John-Francis Friendship who continues to preach for us on occasion and to celebrate the Mass.

Membership

Members of the PCC are either ex officio , elected by the Annual Parochial Church Meeting or co-opted in accordance with the Church Representation Rules. During the year the following served as members of the PCC as detailed below:

Incumbent Assistant Curate (Honorary) Canon Nicholas Cranfield Father William Chatterton Wardens Ex Officio Cherry Almond Representatives at Deanery Synod Patrick Kidd Deborah Dorrance King to October 2025 Sue Heath Anne Beck Clare Dowding (also Deanery Synod Secretary) Gemma Foale Robinson Lucy Cottrell Amit Dhapre Richard Swann to Easter 2025 Dasha Dougans to October 2025 Honorary PCC Treasurer Tom Furber Dasha Dougans to October 2025 Peter Flewitt to Easter 2025 Patrick Kidd from October 2025 Petru-Cristian Calugaru Neil Morkunas Honorary PCC Secretary Patrick vanIJzendoorn Elizabeth Williamson Christine McInnes

Lucy Cottrell as the Electoral Roll Officer and Hugh Bohling is Stewardship Secretary .

Clare Dowding is the vice chair of the PCC .

Page 2

The Parochial Church Council of The Ecclesiastical Parish of Blackheath

known as All Saints', Blackheath

Trustees' Report (continued)

The Sidesmen

Sidesmen assist the Church Wardens in ensuring Divine Worship is offered in church in a seemly way. The office (elected at the Annual Parish Church Meeting) is only open to members of the Electoral Roll.

The Standing Committee

This is the only committee required by law. It has power to transact the business of the PCC between its meetings, subject to any directions given by the Council. It has met prior to each PCC meeting to plan the agenda and consists in the Vicar, ChurchWardens, ViceChair, and the Hon PCC Treasurer. The Hon PCC Secretary attends.

The Finance Committee

The Finance Committee meets as required to assist the Hon PCC Treasurer in the running of the Parish finances and to oversee the general financial dimension of the work of All Saints’ by monitoring income and expenditure and budgeting and will need to co-ordinate plans for fund-raising in the parish. The committee consists of the Treasurer, the Vicar and Stewardship Secretary. Jacob Kinsella has greatly assisted in book-keeping the year to close. Cherry Almond is the Parish Legacy Officer.

Charity Committee

This ad hoc committee promotes the fund-raising for the annual Bishop’s Lent Call and for the Parish Charity and to be involved generally with the provision of information about the support given by All Saints’ to various charities. The charity appointed for the year 2025/6 was the Al Ahli Hospital in Gaza City that is run by the Anglican Diocese of Jerusalem. (In 2025/6 the domestic charity we supported was the Charlton Athletic Community Trust.

Health and safety, Child Protection and Vulnerable Adults

The Vicar (designated as Health and Safety Officer by the Church Wardens Measure 2001 and trained as a Diocesan requirement); Cherry Almond (Child and Vulnerable Persons Protection Officer). Sara George is our Safeguarding officer responsible for all DBS related matters.

The Church Wardens share the overall legal responsibility for ensuring the compliance of all members of the PCC with the necessary safeguarding measures.

Children’s Church and Youth Work

The Vicar (ex officio); Fr William Chatterton, Sue Heath, Sarah Quarmby, Mia Wylie, Rakhel Emmanuel Samy, and others meet termly to plan the Sunday by Sunday education of all of our children, whether in church (with bibles, story book bags, and a pewsheet for younger readers provided by Caroline Williams), for the creche (overseen by Lucy Cotrell). The monthly Children’s Mass at 9.am meets once a month. All helpers are baptised practising Christians.

Quinquennial Report

The last Quinquennial report was in spring 2024; this is managed by Russell Hanslip Associates, the parish Architect. All recommendations will be actioned as finances allow.

Page 3

The Parochial Church Council of The Ecclesiastical Parish of Blackheath

known as All Saints', Blackheath

Trustees' Report (continued)

Church Activities

Mass is offered daily (with the intention for the Patriarch, Bishops, Priests and people of the Ukraine since February 2022) and on Sundays and Feast Days there is a Sung Parish Mass. Strong links are maintained with the parish school where Mr Luke Tucker is headteacher.

The Organ Fund

A dedicated Organ Fund, forming part of the Music Fund, was established in 2014 to enable both the restoration of the 1859 William Hill Organ and to ensure the appropriate maintenance of the instrument in the future (by Harrison and Harrison). Mr Matthew Dunn FRCO as Director of Music and Organist is assisted by Mr Max Puller as Assistant Director.

Income of the Church

Direct giving in 2025, i.e. open plate cash, contributions on which tax could be reclaimed (gift aided open plate and planned giving) and associated income tax recovery, was £93,694 (2024:£103,623) for the full year. Within this, the estimated income tax recoverable on gift aid contributions was £24,586 (2024: £19,605).

The other main income sources through the year were other voluntary income of £49,471 (2024: £29,002) (including charitable fundraising and donations). This was an approx. 75% increase from 2024, being a very strong year for individual donations (£25,000 one-off individual donations) and for income-generating events for adopted charities.

Income from the letting of 59 Tranquil Vale, which was £45,500, same as for last year (hall income is generated from the annual rental of the former church hall at 59 Tranquil Vale, which is currently leased commercially on a long-term lease; the property is administered on behalf of the PCC by the Diocese but the PCC receives the beneficial income thereof). Overall, total income for 2025 was £199,311 (2024: £188,076). This was £11,235 or just under 6%, higher than the level in 2024.

Outgoings of the Church

The total outgoings, including Organ Fund costs, (organ tuning and maintenance), in 2025 were £161,218 (2024: £189,360). This was a decrease of £28,142 from the reported previous year, representing an approximately 17.5% decrease.

The main elements of the outgoings were as follows (compared to 2024 costs): Parish Support Fund paid to Diocese (the full amount due which is based on the Church's pledge to the Diocese) was £110,000 same as 2024; Clergy and Staff expenses, £5,737 (2024: £2,657); Utilities were £5,730 (2024: £5,134) for the full year; Insurance £9,272 (2024: £9,241). Music was £16,294 (2024: £11,930), including the costs of the Director of Music and an Organist of £9,950 (2024: £9,400), organ maintenance of £1,127 (2024: £2,260), piano move £1,600 and hymns books of £3,450. Church Maintenance was £2,849 (2024: £30,691) and Costs of Services were £5,285 (2024: £7,116).

Page 4

The Parochial Church Council of The Ecclesiastical Parish of Blackheath

known as All Saints', Blackheath

Trustees' Report (continued)

Charitable Giving

In 2025 £14,142 (2024: £10,506) was raised for charities via special events (BBQ, concerts, cake sales, quiz night, etc.) organized by the church. The 2025/2026 adopted Parish Charity was Al Ahli hospital in Gaza , while in 2024/2025 it was Charlton Athletic Community Trust (community empowerment through health, education and employment). The charitable giving year runs from beginning of April to end of March, therefore the 2025 calendar year includes fundraisings for both the prior year's charity (January to March) and the current parish charity (April to December). This has been recognised in other creditors as it is not the church's income and it has been paid to the chsoen charity on 31 March 2026. There were many other donations from parishioners that went directly to the current parish charity and not through the church's books.

Balance for the Year

Overall, for normal church activities, total income for the year was £199,311 (2024: £188,076) and total outgoings were £161,218 (2024: £189,360), as a result of which there was a net surplus of income over expenditure of £38,093 (2024: net deficit of £1,284) for the year. The balance sheet net asset position at start of 2025 was £99,379 (2024: £100,663) and with the net surplus of £38,093 through 2025 there was a net positive balance sheet position of £137,472 at 31 December 2025.

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities 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:

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 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Page 5

The Parochial Church Council of The Ecclesiastical Parish of Blackheath

known as All Saints', Blackheath

Trustees' Report (continued)

The annual report was approved by the trustees of the charity on 30 April 2026 and signed on its behalf by:

.........................................

Revd Dr Nicholas William Stewart Cranfield Chairman and trustee

Page 6

The Parochial Church Council of The Ecclesiastical Parish of Blackheath

known as All Saints', Blackheath

Independent Examiner's Report to the trustees of The Parochial Church Council of The Ecclesiastical Parish of Blackheath

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2025 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.

This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the charity trustees of The Parochial Church Council of The Ecclesiastical Parish of Blackheath 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 The Parochial Church Council of The Ecclesiastical Parish of Blackheath's accounts carried out under section 145 of the 2011 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.

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.

Independent examiner’s statement

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 that in any material respect:

  1. accounting records were not kept in respect of The Parochial Church Council of The Ecclesiastical Parish of Blackheath as required by section 130 of the Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the accounting 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.

Page 7

The Parochial Church Council of The Ecclesiastical Parish of Blackheath

known as All Saints', Blackheath

Independent Examiner's Report to the trustees of The Parochial Church Council of The Ecclesiastical Parish of Blackheath (continued)

...................................... Tim Sullivan FCA Field Sullivan Limited 9 Hare & Billet Road London SE3 0RB Date:.............................

Page 8

The Parochial Church Council of The Ecclesiastical Parish of Blackheath

known as All Saints', Blackheath

Statement of Financial Activities for the Year Ended 31 December 2025

Note
Income and Endowments from:
Donations and legacies
3
Charitable activities
4
Other trading activities
Investment income
6
Total income
Expenditure on:
Raising funds
Charitable activities
7
Total expenditure
Net income/(expenditure)
Gross transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
14		 Unrestricted
£
121,165
3,149
48,623
1,304
174,241
(101)
(159,990)
(160,091)
14,150
(3,058)
11,092
79,123
90,215		 Restricted
£
25,000
-
70
-
25,070
-
(1,127)
(1,127)
23,943
3,058
27,001
20,256
47,257		 Total
2025
£
146,165
3,149
48,693
1,304
199,311
(101)
(161,117)
(161,218)
38,093
-
38,093
99,379
137,472		 Unrestricted
£
132,625
3,450
48,638
2,813
187,526
-
(187,100)
(187,100)
426
-
426
78,697
79,123		 Restricted
£
-
-
475
75
550
-
(2,260)
(2,260)
(1,710)
-
(1,710)
21,966
20,256		 Total
2024
£
132,625
3,450
49,113
2,888
188,076
-
(189,360)
(189,360)
(1,284)
-
(1,284)
100,663
99,379

The notes on pages 12 to 20 form an integral part of these financial statements. Page 9

The Parochial Church Council of The Ecclesiastical Parish of Blackheath

known as All Saints', Blackheath

Statement of Financial Activities for the Year Ended 31 December 2025 (continued)

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 14.

The notes on pages 12 to 20 form an integral part of these financial statements. Page 10

The Parochial Church Council of The Ecclesiastical Parish of Blackheath

known as All Saints', Blackheath

(Registration number: 1138076) Balance Sheet as at 31 December 2025

Note
Current assets
Debtors
11
Cash at bank and in hand
12
Creditors: Amounts falling due within one year
13
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
Unrestricted income funds
Unrestricted funds
Total funds
14		 2025
£
27,534
135,140
162,674
(25,202)
137,472
47,257
90,215
137,472		 2024
£
40,975
83,317
124,292
(24,913)
99,379
20,256
79,123
99,379

The financial statements on pages 9 to 20 were approved by the trustees, and authorised for issue on 30 April 2026 and signed on their behalf by:

.........................................

Revd Dr Nicholas William Stewart Cranfield Chairman and trustee

The notes on pages 12 to 20 form an integral part of these financial statements. Page 11

The Parochial Church Council of The Ecclesiastical Parish of Blackheath

known as All Saints', Blackheath

Notes to the Financial Statements for the Year Ended 31 December 2025

1 Charity status

The charity is domiciled in England and Wales.

The address of its registered office is: 10 Duke Humphrey Road SE3 0TY

These financial statements were authorised for issue by the trustees on 30 April 2026.

2 Accounting policies

Statement of compliance

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) (effective 1 January 2019) - (Charities SORP (FRS 102) - Second edition October 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.

Basis of preparation

The Parochial Church Council of The Ecclesiastical Parish of Blackheath meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Judgements and key sources of estimation uncertainty

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount 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 periods in which the estimate is revised where revisions affects only that period, or in the period of the revision and future periods where the revisions affects both current and future periods.

Page 12

The Parochial Church Council of The Ecclesiastical Parish of Blackheath

known as All Saints', Blackheath

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Other trading activities

Rental income is recognised on a pro rata basis.

Investment income

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Grant provisions

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Page 13

The Parochial Church Council of The Ecclesiastical Parish of Blackheath

known as All Saints', Blackheath

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Page 14

The Parochial Church Council of The Ecclesiastical Parish of Blackheath

known as All Saints', Blackheath

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

3 Income from donations and legacies

Donations and legacies;
Planned giving
Collections
Appeals and donations
Legacies
Gift aid reclaimed		 Unrestricted
funds
General
£
67,934
1,174
29,471
3,000
19,586
121,165		 Restricted
funds
£
-
-
20,000
-
5,000
25,000		 Total
2025
£
67,934
1,174
49,471
3,000
24,586
146,165		 Total
2024
£
67,065
16,953
29,002
-
19,605
132,625

During the year, the Church undertook fundraising activities on behalf of Al Ahli Hospital. In addition to the above, a total of £14,142 was collected. These funds were held by the Church as agent and therefore are not included in the Statement of Financial Activities.

4 Income from charitable activities

Fees
5
Income from other trading activities
Unrestricted
funds
General
£
Events income;
Concerts and organ fundraising
-
Property rental income
48,623
48,623		 Unrestricted
funds
General
£
3,149
Restricted
funds
£
70
-
70		 Total
2025
£
3,149
Total
funds
£
70
48,623
48,693		 Total
2024
£
3,450
Total
2024
£
475
48,638
49,113

Page 15

The Parochial Church Council of The Ecclesiastical Parish of Blackheath

known as All Saints', Blackheath

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

6 Investment income

Interest receivable and similar income;
Interest receivable on bank deposits
7
Expenditure on charitable activities
Cost of services
Parish Support Fund
Events costs
Utilities
Church maintenance
Ministry costs
Music and organist
Missionary and charitable giving
Allocated support costs		 Unrestricted
funds
General
£
1,304
Note
8		 Total
2025
£
1,304
Total
2025
£
5,285
110,000
183
5,730
2,849
5,737
16,294
499
14,540
161,117		 Total
2024
£
2,888
Total
2024
£
7,116
110,000
924
5,134
30,691
2,657
11,930
10,506
10,402
189,360

8 Analysis of support costs

Insurance
Other administrative costs
Independent examination		 Total
2025
£
9,272
2,868
2,400
14,540		 Total
2024
£
9,241
1,161
-
10,402

Page 16

The Parochial Church Council of The Ecclesiastical Parish of Blackheath

known as All Saints', Blackheath

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

9 Trustees remuneration and expenses

During the year the charity made the following transactions with trustees:

Revd Dr Nicholas William Stewart Cranfield

£5,043 (2024: £2,029) of expenses were reimbursed to Revd Dr Nicholas William Stewart Cranfield during the year.

Rev Thomas William Chatterton

Clare Dowding

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any other benefits from the charity during the year.

10 Taxation

The charity is a registered charity and is therefore exempt from taxation.

11 Debtors

Prepayments
Other debtors		 2025
£
4,337
23,197
27,534		 2024
£
240
40,735
40,975

12 Cash and cash equivalents

Cash at bank
13 Creditors: amounts falling due within one year
Trade creditors
Other creditors
Accruals		 2025
£
135,140
2025
£
-
13,568
11,634
25,202		 2024
£
83,317
2024
£
15,600
9,313
-
24,913

Page 17

The Parochial Church Council of The Ecclesiastical Parish of Blackheath

known as All Saints', Blackheath

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

14 Funds

14 Funds
Unrestricted funds
General
General Funds
Restricted funds
Repairs and Fabric
Music
Vestry Roof
Total funds
Unrestricted funds
General
General Funds
Restricted funds
Repairs and Fabric
Music
Total funds		 Balance at 1
January
2025
£
Incoming
resources
£
Resources
expended
£
Transfers
£
Balance at
31
December
2025
£
79,123
174,241
(160,091)
(3,058)
90,215
22,257
-
-
-
22,257
(2,001)
70
(1,127)
3,058
-
-
25,000
-
-
25,000
20,256
25,070
(1,127)
3,058
47,257
99,379
199,311
(161,218)
-
137,472
Balance at 1
January 2024
£
Incoming
resources
£
Resources
expended
£
Balance at 31
December 2024
£
78,697
187,526
(187,100)
79,123
22,257
-
-
22,257
(291)
550
(2,260)
(2,001)
21,966
550
(2,260)
20,256
100,663
188,076
(189,360)
99,379		 Balance at
31
December
2025
£
90,215
22,257
-
25,000
47,257
137,472
20,256
99,379

Page 18

The Parochial Church Council of The Ecclesiastical Parish of Blackheath

known as All Saints', Blackheath

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

The specific purposes for which the funds are to be applied are as follows:

Repairs and Fabric - These are funds to be used towards the maintenance of the fabric of the church building.

Music - These funds are to be used against expenses relating to church music.

Vestry roof - This fund is to cover the cost of building works related to the vestry roof.

15 Analysis of net assets between funds

15 Analysis of net assets between funds
Current assets
Current liabilities
Total net assets
Current assets
Current liabilities
Total net assets		 Unrestricted
funds
General
£
115,417
(25,202)
90,215
Unrestricted
funds
General
£
104,034
(24,913)
79,121		 Restricted
funds
£
47,257
-
47,257
Restricted
funds
£
20,258
-
20,258		 Total funds at
31 December
2025
£
162,674
(25,202)
137,472
Total funds at
31 December
2024
£
124,292
(24,913)
99,379

Page 19

The Parochial Church Council of The Ecclesiastical Parish of Blackheath

known as All Saints', Blackheath

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

16 Church Hall Property – Ownership and Rental Income

During the year, the PCC received rental income arising from the lease of the Church Hall at 59 Tranquil Vale, Blackheath. As set out in the Deed of Surrender and Lease dated June 2013, the freehold is held by the Southwark Diocese and is not owned by the PCC. The PCC is a party to the lease but does not control the underlying asset.

Under the terms of this arrangement, the church is entitled to receive the rental income generated from the letting of the property, despite not holding the asset.

Rental income recognised in the accounts for the year amounts to £45,500 (2024: £45,500) and is included within incoming resources.

In accordance with the Charities SORP (FRS 102), assets are recognised only where the charity has control and derives the economic benefit. The PCC has assessed the arrangement and concluded that it does not hold the beneficial interest in the property and does not have the power to realise the asset or direct its use independently of the Landlord.

Accordingly, the property is not recognised as a fixed asset on the PCC’s balance sheet.

17 Related party transactions

There were no related party transactions in the year.

Page 20