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2025-12-31-accounts

TRUSTEES ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025

PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

REGISTERED CHARITY NUMBER: 1144696

Independent Examiners Ltd The Grain Store, Hills Barns Appledram Lane South

Chichester West Sussex PO20 7EG

1

PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

CONTENTS

Page 3 Legal and Administrative Information Page 4 Independent Examiner's Report to the Trustees Page 5 to 9 Trustees' Annual Report Page 10 Statement of Financial Activities Page 11 Balance Sheet Pages 12 to 22 Notes to the Financial Statements

2

PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER

1144696

START OF FINANCIAL YEAR

END OF FINANCIAL YEAR

LEGAL STATUS

1st January 2025 31st December 2025 Registered Charity

GOVERNING INSTRUMENT

Parochial Church Council Powers Measure (1956) as amended and Church representation rules that came into force on 2 January 1956.

OBJECTS

Promoting in the ecclesiastical parish the whole mission of the Church.

REGISTERED ADDRESS

The Vicarage 205 Kneller Road Whitton Twickenham Middlesex TW2 7DY

BANKERS

Barclays Bank Plc Hounslow Leicestershire LE87 2BB

INDEPENDENT EXAMINER

Independent Examiners Ltd The Grain Store, Hills Barns Appledram Lane South Chichester West Sussex PO20 7EG

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INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS

This report on the financial statements for the PCC St Philip and St James, Whitton for the year ended 31st December 2025, which are set out on the following pages, is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 ('the regulations') and s.145 of the Charities Act 2011 ('The Act').

Respective Responsibilities of the PCC and the Examiner

As the members of the PCC you are responsible for the preparation of the financial statements; you consider that the audit requirement of Regulations and section 144(2) of the Charities Act 2011 (the Act) does not apply. It is my responsibility to issue this report on those financial statements accounts in accordance with the terms of the Regulations.

Basis of Independent Examiner's Report

My examination was carried out in accordance with the General Directions given by the Charity Commission under section 145 (5)(b) of the Act and to be found in the Church Guidance 2006 edition, issued from the Finance Division of the Archbishops' Council. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the 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

2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

G.W.Schulz FCMA

Dated: 26 March 2026

Independent Examiners Limited The Grain Store, Hills Barns Appledram Lane South Chichester West Sussex PO20 7EG

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PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31ST DECEMBER 2025

AIMS AND PURPOSES

Ss Philip & James’ Parochial Church Council (PCC) has the responsibility of co-operating with the incumbent Reverend Kate O’Sullivan from February 2026, in promoting the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical through provision of activities for all. The PCC is also specifically responsible for the maintenance of the Parish Hall and Grounds of Ss Philip & James Church, Hounslow Road, Whitton, TW2 7DY

OBJECTIVES AND ACTIVITIES

The PCC is committed to enabling as many people as possible to worship at the church and to become part of the parish community at Ss Philip & James. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer and scripture, music and the Sacraments.

In 2021 we agreed a PCC Objective which is stated on every PCC Meeting Agenda to remind the members of their obligation while being on the PCC, which is as follows:

"As elected representatives, we strive to promote God's mission, working with our clergy to enable effective communication, in creating a welcoming and inclusive church that reaches out to the congregation, community and the wider church family. We work within the governance and legal frameworks required to create a safe and compliant parish, and acting as stewards of our estate and assets."

When planning our activities, we consider the Commission’s guidance on public benefit and, particularly, the supplementary guidance of charities for the advancement of religion. We endeavour to enable ordinary people to live out their faith as part of our parish community through:

To facilitate this, it is important that we maintain the fabric of the Church of Ss Philip & James and the Parish Hall and grounds. The church is also left open during daylight hours each day of the week for this who wish to visit.

WORSHIP AND PRAYER

The PCC is keen to offer a range of services during the week and over the course of a year. Our community find these both beneficial and spiritually fulfilling. For example, our smaller week day services provide a quiet, intimate and reflective environment for worship. Our Sunday 9.30am service provides the opportunity for people to engage in a larger service that involves our Choir, our Junior Church, and a once a month family friendly service. These services include Lay ministry involvement and other stakeholder groups within our parish.

We continue to welcome families into our church, with the All-Age service on the first Sunday of the month and Junior Church twice a month. We have specific arrangements in place for baptisms (either within the 9.30am Sunday service or following that service, depending on the families wishes). The parish produces seasonal service booklets for all services, alongside a weekly insert which contains not only the words of scripture and also other salient information from across the parish, acting also in the form of a weekly newsletter and includes the church Officers’ contact information.

People of all ages and spiritual backgrounds are welcomed into our services. There are 114 members named on our Church Electoral Roll. The average weekly attendance was 60 with this number increasing at festivals, particularly Christmas and Easter.

As well as our regular services, we enable our community to celebrate and thank God at the milestones of their journey through life. Through baptisms, marriages and at funeral services we provide way-markers for the transitions in the lives among whom we live. In 2025 we have celebrated 3 baptisms and held 3 funerals in church with no additional services led externally, at cemeteries or the crematoria. There was 1 wedding at the church in 2025.

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PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

TRUSTEES' ANNUAL REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2025

THE PARISH HALL

The Parish Hall serves two important functions in the life of the parish – the first being as a revenue generator to fund the wider mission of the parish. The second, and perhaps more important function of the Hall is that it allows the parish to support thirdparty organisations. This is through a discounted or pro-bono charge for their own charitable ends. It is also a very popular venue for hire by the local community for family functions, children’s parties, and other one-off events throughout the year. We currently welcome a number of uniformed youth organisations and groups serving the needs of those most isolated in our area. The needs of young families and children of all ages are catered for, as well as other charities using the hall for their own ad hoc fundraising events (hosted by us or by their own representatives). The Hall is also used as a Polling Station in local, national and international elections.

Parish use of the hall this year included our second Saturday of the month Breakfast Buttie Coffee Mornings, which continue to be a huge success. We held two successful Quiz Nights on 1st March and 22nd November. Other events included our everpopular Christmas Lunch on 14th December which was well attended and enjoyed. Our annual Service of Nine Lessons & Carols on the 21st December, followed by mince pies and mulled wine, was equally well attended. An additional Advent Carol Service was held on the 30th November, with good numbers in attendance.

Aside from its outward looking and income generating work, the Hall is usually used by the parish for its own events, as mentioned above. We delight in bringing together local people who don’t necessarily attend our church, thus making the hall an excellent outreach commodity within the community.

PASTORAL CARE

MISSION AND EVANGELISM

We continue to be outward-looking, seeking opportunities to engage the wider community. Primarily through donated time in our Parish Hall, where we have subsidised the efforts of those who seek to make a difference to those in greatest need in our community. These include groups serving the needs of young and new families, including the uniformed organisations, as well as various charity events.

ECUMENICAL RELATIONSHIPS

Saint Philip and Saint James is a member of the Churches Together in Whitton which organises a number of inter-denominational activities in the local area during the year, both spiritual and social.

Churches Together in Whitton (CTiW) - Parish representative is Jacquie Saville.

On Good Friday morning, the customary “Walk of Witness” took place. About 100 Christians of all ages formed a procession along the High Street walking behind the cross and the CTiW banner. The walk concluded with a short service out of doors here in our Church grounds. Thank you to our Hospitality Team provided Hot Cross buns and hot drinks in the hall afterwards.

On Christmas Day the Christmas Lunch for those who would normally be alone took place in our Church Hall. We served 36 lunches, including 3 home deliveries

As in previous years, we prefer to let our guests do the talking: "You gave us all a wonderful time on Christmas Day." "Really enjoyed the food and meeting new people." "Everything was superb and much appreciated by everyone." "Many, many thanks to all for their hard work." "The bag of gifts was very generous." "I'll definitely be back next year."

Gavin Cowling again stepped forward to be drivers’ Co-ordinator and worked tirelessly to find and organise the drivers. For this we offer our thanks. Volunteers from St Philip & St. James joined those from the other Churches who generously gave their time helping with preparation on Christmas Eve, and serving food and providing transport for the guests on Christmas Day. This year we welcomed 36 guests, also 3 full lunches were delivered to former guests who are now housebound and unable to attend the lunch in the Hall. There was also entertainment provided by Ian Hunter who played seasonal music on the keyboard. As in previous years all the diners went home with a gift bag.

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PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

TRUSTEES' ANNUAL REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2025

ECUMENICAL RELATIONSHIPS (continued)

Thanks is due to Vicky Sandepin who plans the lunch and, with her family, cooks on Christmas Day; to Christine Pharro who masterminds the occasion and many thanks to the great effort of the volunteers on Christmas Eve and Christmas Day for giving their time, and many thanks to local charities and businesses for their Generous donations. With all their help we were able to give the Guests a very enjoyable Day.

FINANCIAL REVIEW

The Finance Group meets regularly in advance of PCC meetings for an in-depth review of the Church finances and their reports are included in the PCC meeting papers. A detailed breakdown of the financial activities of the PCC is contained in the financial statements attached to this report.

Income for Unrestricted Funds

Voluntary Giving dropped by £10,000 from the previous year, following the death of a long standing and particularly generous member of our congregation and the loss of others who had moved away. Consequentially the tax recovered from Gift Aid was £2,500 less than 2024

A total of £70,854 was received from the voluntary giving of our regular members and those attending services, providing 55% of income.

Fundraising events continued to be well supported and raised £29,495 (23% of income)

The letting of our parish hall raised £25,544 (20% of income) – this was £5,500 less than last year. We have benefitted from a regular booking from an outside organisation who has been using our hall while theirs is refurbished - although this arrangement has now ended.

Overall income on General Fund of £127,992 was £18,779 less than last year and £2,000 below budget.

Expenditure on Unrestricted Funds

The Diocese of London Standard Parish Cost for 2025 was £99,980 for which the parish made a 60% contribution of £60,000. This was an increase of £5,520 on 2024 and represents 45% of expenditure.

The PCC agreed expenditure of £5,652 on a measured survey which will enable more accurate costings on future work on the buildings and grounds.

Other general expenditure was carefully controlled and remained broadly similar to 2025

Overall expenditure was £134,524, which was £4,500 over budget.

General Fund net result for the year was a deficit of £6,532.

Other Funds & Legacies

2 legacies were received during the year: £10,936 from the estate of the late Constance Hewson, and £5,430 the final balance due from the estate of the late Mary Downham – both legacies have been designated to the Building Fund.

Interest received on the Building and Reordering Funds totalled £10,500

Movement on other funds has been minimal.

There was a Net Surplus over all funds of £20,221.

Reserves Policy

It is PCC policy to try to maintain a balance on unrestricted funds which equates to at least 3 months unrestricted payments. This is equivalent to £30,000. It is held to smooth out fluctuations in cash flow and to meet emergencies. Cash balances held on unrestricted (including designated) funds at the year end, together with amounts payable to and by the PCC exceed this amount.

Financial policies have been reviewed and considered adequate.

7

PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

TRUSTEES' ANNUAL REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2025

Charitable collections made for other organisations during the year

Whitton Food Bank £2,645, Bishop of London’s Discretionary Fund £173, Royal School of Church Music £100, Open Door – Persecuted Christians £135

VOLUNTEERS

The work of the parish is, in most cases, undertaken by volunteers. Excepting our Vicar (Reverend Kate O’Sullivan) and salaried Parish Administrator (Vicky Rowe). Members of the parish offer time and talent on a voluntary basis. The Wardens would like to thank all members of the parish community who give so generously of their time and talents, often quietly and diligently, and without expectation of recognition.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The method of appointment of PCC members is set out in the Church Representation Rules. At Ss Philip & James Church, the membership of the PCC consists of the Incumbent (our Vicar), two Churchwardens, three Licensed Lay Readers, up to three Deanery Synod members, together with members from among the community, elected by those who are on the Electoral Roll of the church. All worshipping members of the community are encouraged to enter their names on the Electoral Roll and stand for election to the PCC and who are over the age of 16 years.

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. The PCC are advised by separate Working Groups who specialise in the various aspects of the PCC’s own work (Ministry, Finance, Estates, Events & Hospitality and Pastoral). New members are inducted into the functions and purposes of their membership of the PCC.

The full PCC met 6 times during the year with an average attendance of 80%. Given its wide responsibilities the PCC has, as described, constituted Working Groups who advise, research and make proposals on matters ready for the full consideration of the PCC in its meetings. The membership of these groups includes both members and non-members of the PCC from across the wider parish.

SAFEGUARDING

The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, in relation to having due regard to the House of Bishops’ guidance on safeguarding children and vulnerable adults.

ADMINISTRATIVE INFORMATION

Ss Philip & James’ Church is situated on Hounslow Road, Whitton. It is part of the Diocese of London within the Church of England. The correspondence address is The Vicarage, 205 Kneller Road, Whitton, TW2 7DY, and its PCC is a body corporate (PCC Powers Measure 1956, Church Representation Rules 2006) and a charity registered with the Charity Commission, being entered on its registers with the Charity Number 1144696.

PCC members who have served at any time from the 1st January 2025 until the date of this report are as follows

Ex Officio

Elected Members

8

PAROCHIAL CHURCH COUNCIL OF ST PItILIP & ST JAMES, WHIThON TRU5TEES' ANNUAL REPORT {Contlnuedl FOR THE YEAR ENDED 31ST DECEMBER 2025 Trustees Responsibilitie$ The trustees (Nembers of the PCCI are responsible for preparing rhe Annual Report and the financi31 statements in accordance with applic3ble law and United Kingdom Accounting Standards Iunited Kingdorn Generally Accepted Accounting Practice). The charity￿ Act 2011 require the tru*ees to p￿pa￿ financial statements for each financial year whlch give a true and falr view of the state of affairs of the trust and of the surplus of the twst for that period. In p￿paring those financlal statsments the trustees are required to.. il Selett suitable accounting policies and apply them consistently Make judgements and estlmates that are reasonable ènd prudent Illl Prep8re financial statemenrs on the goirig concern basis unless it is Inappropnate to presume that the trust will continue In existence. 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 stratements comply with the Charities Act 2011. the applicable Charity (Accounts and Reports) Regulations and the provisions of Church Accounting Regulations 2006. They are also sponsible for safeguarding rhe assets of the ch3rity and hence for raking reasonable steps for the preventson an¢J delett￿n of fraud and other Ir￿QUIaritIeS. The tWStees are responsible ft>r the m3inten8nce and integrity of the charity and ftnanoal information Included on the charity's ebsite in accordanTr With legislation In the United Kingdom goveming the preparatron and dissemination of financial statements. Approved by the Trustees on .............................................2026 S￿ned on their behalf bv... Signed on their behalf by..- Printed Narne.. A.UBowman Churchwarden and Trustee Pdnted N8tne.' l.L Furze - T￿aSurer and Trustee

PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2025

Notes
INCOME FROM:
Donations & Legacies
3a
Other Trading Activities
3b
3c
Charitable Activities
3d
TOTAL INCOME
EXPENDITURE ON:
Charitable Activities
4a
Governance Costs
4b
TOTAL RESOURCES USED
NET INCOME/(EXPENDITURE)
Transfer Between Funds
5,6
NET MOVEMENT IN FUNDS
Reconciliation of Funds:
Balances Brought Forward
BALANCES CARRIED FORWARD
Investments		 Unrestricted
Designated
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
2025
2024
£
£
£
£
£
70,855
16,367
244
87,466
209,287
55,244
200
-
55,444
60,400
1,096
9,225
2,360
12,681
3,537
797
-
-
797
748
127,992
25,792
2,604
156,388
273,972
129,628
386
1,257
131,271
111,896
4,896
-
-
4,896
4,820
134,524
386
1,257
136,167
116,716
(6,532)
25,406
1,347
20,221
157,256
-
-
-
-
-
(6,532)
25,406
1,347
20,221
157,256
37,912
741,592
55,933
835,437
678,181
31,380
766,998
57,280
855,658
835,437

Movements on all reserves and all recognised gains and losses are shown above. All of the PCC's operations are classed as continuing.

The notes on pages 12 to 22 form part of these financial statements.

10

PAMOCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITYON BALANCE SHEET AS AT 31ST DECEMBER 2025 Total 31-Dec-25 Total 3X-Dec-24 Fund5 Fund5 Funds Fixed Assets Tangibk Assets 465.1)00 465.0￿> 465.000 Current Assets Debtors & Prepayments Cash at Bank and In Hand Total Cu￿ent Assets 3,471 34.051 3,471 393,329 8.153 368 338 301 998 Credltors- Due Withln One Year 6,142 6,142 6,054 NET CURRENT ASSETS 31,380 301,998 57,280 390,658 370,437 TOTAL ASSETS less current Ilabiiitses 370,4 Creditors: Due In Nore than One Year io NET ASSETS Funds of the Ch•rlty Unrestncted Funds Designated Funds Restricted Funds 31.380 31,380 766,998 57.280 37,912 741.592 55.933 766.998 57.280 Approved by the Tru$t¢es on . ..2026 SKJned on their ￿￿111 bv.. Slgned on th¢lr behalf by............ Printed N4rne.' A.L.Bowman - Chur¢hwarden and Trustee P￿rtted Name.. J.L Furzé- freasurer and Trustee

PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025

1. ACCOUNTING POLICIES

a) Basis of Preparation of Financial Statements & Assessment of Going Concern

The accounts are prepared under the historical cost convention, in accordance with the Church Accounting Regulations 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with FRS 102 (effective 1 January 2019) - (Charities SORP (FRS 102)) and the Charities Act 2011.

The primary objective of the charity is to promote the gospel of our Lord Jesus Christ according to the doctrine and practice of the Church of England. The charity 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.

There are no material uncertainties about the charity’s ability to continue as a going concern.

The church is a registered charity in England and Wales. The Trustees are the members of the PCC named on page 8.

b) Changes to accounting estimates and changes to previous accounts

No changes to accounting estimates have occurred in the reporting period.

c) Fund accounting

PCC funds are required to be analysed under specific headings, as follows.

General funds represent the ‘free’ funds of the PCC that are not subject to any restriction regarding their use and are available for application for the general purposes of the PCC.

Designated funds are earmarked by the PCC for purposes but are nevertheless still unrestricted as the PCC can reassign the funds if it wishes.

Restricted funds are funds collected or donated for a purpose and cannot be used by the PCC for any other purpose except by agreement with the donor.

The funds of the PCC have been appropriately analysed, and the statement of financial activities has been prepared in accordance with this analysis.

d) Accounting Requirements

The accounts are required to include all transactions, assets and liabilities for which the PCC can be held responsible.

e) Income

(i) Donations - Collections and planned giving are included in the SOFA when the funds are received. Income tax recoverable on gift aid donations is recognised when claimable.

(ii) Other donations - Any grants or legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due.

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PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31ST DECEMBER 2025

(iii) Trading and ancillary activities: All funds raised by parish activities such as the bookstall, and catering etc. are accounted for gross. Rental income from non-investment property and room lettings is recognised when the rental is due. Parochial fees for weddings, funerals etc., are accounted for when due.

(iv) Investments - Income earned on short-term deposits with the bank and Central Board of Finance is accounted for when received. Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at the year-end.

(v) Volunteer help - The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report.

(vi) Government grants - The PCC has not received government grants in this financial year.

f) Application of Resources

(i) Grants and outward giving are accounted for in the SOFA when paid, unless an obligation, whether constructive or legal, exists to the recipient in accordance with the Charities SORP and FRS102.

(ii) Parish share and other costs directly relating to the work and activities of the Church are accounted for when they are incurred or become due and payable.

(iii) Governance costs - includes costs of the preparation and examination of statutory accounts, the costs of the trustees' meetings and cost of any legal advice to trustees on governance or constitutional matters.

(iv) Redundancy costs - The PCC made no redundancy payments during the reporting period.

(v) Pensions - The PCC recognise their responsibility to comply with Statutory Regulation to enrol into a qualifying pension fund any eligible employee who is not already an active member of such scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.

(vi) Offsetting - There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.

vii) Deferred income - One item of deferred income has been included in the accounts.

g) Fixed Assets

(i) Consecrated land and buildings and moveable church furnishings - Consecrated and beneficed property, is excluded from the accounts by S10(2)(a & c) of the Charities Act 2011. No value is attributed to moveable church furnishings held by the Churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or beneficed buildings and moveable church furnishings, whether for maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed.

(ii) Other land and buildings - Other land and buildings held on behalf of the PCC for its own purposes are valued at a fair but prudent valuation which is a reasonable estimate of the current value “in use” of the property. No depreciation has been charged in respect of such properties as they are kept in sound condition and any expenditure on maintenance or improvement following regular review is written off as incurred.

(iii) Other fixtures, fittings and office furniture - Equipment used for church purposes is capitalised and written off on a straight-line basis over the assets estimated useful life.

Routine replacements and renewals are written off as expenditure in the SOFA. Other equipment purchases of under £1,500 are also written off as expenditure in the SOFA.

13

PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31ST DECEMBER 2025

1. ACCOUNTING POLICIES

h) Current Assets

Amounts owing to the PCC at the year end in respect of tax reclaims and other income are shown as debts less any provision for amounts which may prove to be uncollectable. Short-term deposits include cash held on deposit either with the Central Board of Finance or at a bank.

i) Tax Status

As a charity, the PCC is exempt from paying income and corporation tax but does have to pay value added tax.

j) Depreciation Expense

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life on a straight line basis and are as follows:

Fixtures & Fittings 25% - Straight Line Basis Equipment 33% - Straight Line Basis

2. TANGIBLE FIXED ASSETS

Designated General Restoration
Fund Fund Fund
Land & Church Buildings & 2025
Buildings Equipment Fixtures Total
£ £ £ £
Cost 01-Jan-25 465,000 11,998 12,627 24,625
Additions - - - -
Revaluation - - - -
Cost at 31-Dec-25 465,000 11,998 12,627 24,625
Depreciation 01-Jan-25 - 11,998 12,627 24,625
Charge - - - -
Depreciation at 31-Dec-25 - 11,998 12,627 24,625
Net Book Value 31-Dec-25 465,000 - - 465,000
Net Book Value 31-Dec-24 465,000 - - 465,000

The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st December 2025: None

31st December 2024: None

The PCC owns a hall, built during the 1950’s and extensively refurbished in 2012 at a capital cost of £220,000. As a consequence the June 2014 Ecclesiastical Insurance valuation of the hall on a “replacement as new basis” was £465,000. This has been adopted as the deemed cost in accordance with FRS102.

No depreciation is provided on the hall, as the currently estimated residual value of the properties is not less than their carrying value and the remaining useful life of these assets currently exceeds 50 years, so that any depreciation charges would be immaterial. An impairment review is carried out at each year end and any resultant loss identified included in expenditure for the year.

14

PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31ST DECEMBER 2025

3. INCOME

Donations & Appeals
Gift Aid Donations
Gift Aid Tax Recoverable
Legacies
b) Other Trading Activities
Church Hall & Room Letting
Fundraising Events
Parish Magazine Sales
Bank Interest
d) Charitable Activities
Statutory Fees (Weddings, Funerals)
c) Investments
a) Donations & Legacies		 Unrestricted
Designated
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
2025
2024
£
£
£
£
£
7,472
160
7,632
7,083
51,034
-
52
51,086
61,928
12,349
-
32
12,381
15,008
-
16,367
-
16,367
125,268
70,855
16,367
244
87,466
209,287
25,544
-
-
25,544
31,228
29,495
200
-
29,695
28,997
205
-
-
205
175
55,244
200
-
55,444
60,400
1,096
9,225
2,360
12,681
3,537
1,096
9,225
2,360
12,681
3,537
797
-
-
797
748
797
-
-
797
748

15

PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31ST DECEMBER 2025

4. EXPENDITURE

Administrative Expenses
Church Repairs & Maintenance
Church Running Costs
Church Upkeep
Cleaning Costs
Clergy & Staff Costs
Cost of Church Services
Diocesan Common Fund
Education & Training
Fairs & Fundraising Costs
Hall Repairs & Maintenance
Hall Running Costs
Organ Scholarship
Travel Expenses
Reimbursement of recharged shared expenses
a) Charitable Activities*		 Unrestricted
Designated
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
2025
2024
£
£
£
£
£
7,445
-
-
7,445
8,852
8,528
-
675
9,203
1,945
4,318
-
-
4,318
3,019
3,501
-
207
3,708
9,311
3,672
-
-
3,672
4,615
19,930
161
-
20,091
7,559
7,267
-
-
7,267
4,093
60,000
-
-
60,000
54,780
-
-
-
-
274
7,413
-
-
7,413
7,870
2,573
-
-
2,573
3,905
4,416
-
-
4,416
4,914
225
375
600
1,200
565
-
-
565
214
-
-
-
-
(655)
129,628
386
1,257
131,271
111,896
Parish Administrator
Telephone
Administration
Vicars Expenses		 2025
2024
£
£
-
248
-
47
-
351
-
9
-
655

The actual amount invoiced to St Stephens Hounslow by the PCC of St Philip and St James, Whitton for shared and directly attributable costs is detailed in note 14.

2025
2024
£
£
Invoiced to St Stephens Hounslow for shared and directly attributable costs
- 1,514
Less Re-imbursement by St Stephens Hounslow of recharged shared expenses (see above)
- (655)
Note: The association with the parish of St Stephen Hounslow ceased at 30th June 2024.
Unrestricted
Designated
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
2025
2024
£
£
£
£
£
b) Governance Costs
Independent Examiners Fees
1,110
-
-
1,110
1,110
Insurance Costs
3,786
-
-
3,786
3,710
4,896
-
-
4,896
4,820

16

PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31ST DECEMBER 2025

5. DESIGNATED FUNDS

CURRENT FINANCIAL YEAR

Building Fund
Children & Young People
Church Boiler Replacement
Clergy Retreats
Friends of St Philip and St James
Memorial Garden
Parish Hall Fund
Outreach
Reserve Contingency		 Balance
Balance
01-Jan-25
Income
Expenditure
Transfers
31-Dec-25
£
£
£
£
£
210,574
25,592
-
-
236,166
3,103
-
(225)
-
2,878
30,000
-
-
-
30,000
384
-
-
-
384
-
-
-
-
-
1,000
-
-
-
1,000
465,000
-
-
-
465,000
1,336
200
(161)
-
1,375
30,195
-
-
-
30,195
741,592
25,792
(386)
-
766,998

PREVIOUS FINANCIAL YEAR

Building Fund
Children & Young People
Church Boiler Replacement
Clergy Retreats
Friends of St Philip and St James
Memorial Garden
Parish Hall Fund
Outreach
Reserve Contingency		 Balance
Balance
01-Jan-24
Income
Expenditure
Transfers
31-Dec-24
£
£
£
£
£
85,696
124,878
-
-
210,574
3,776
-
(673)
-
3,103
20,000
-
-
10,000
30,000
384
-
-
-
384
527
-
527
-
-
-
-
1,000
-
-
1,000
465,000
-
-
-
465,000
1,116
220
-
-
1,336
30,000
195
-
-
30,195
606,499
126,293
1,200
-
10,000
741,592

The Churches designated funds are represented by cash reserves held and fixed assets held and are to be expended as described above.

17

PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025

6. RESTRICTED FUNDS

CURRENT FINANCIAL YEAR

Bench Appeal
Bereavement Café
Church Re-ordering Fund (Chairs)
Church Re-ordering Fund
Church Re-ordering Benefact Trust Fund
Eco Church
Organ Scholar Support Fund
Vicars Discretionary Fund		 Balance
Balance
01-Jan-25
Income
Expenditure
Transfers
31-Dec-25
£
£
£
£
£
-
-
-
-
-
298
-
-
298
25,073
1,085
-
-
26,158
25,073
1,085
-
-
26,158
4,392
190
(675)
-
3,907
-
244
(207)
37
500
-
(375)
-
125
597
-
-
-
597
55,933
2,604
(1,257)
-
57,280

PREVIOUS FINANCIAL YEAR

Bench Appeal
Bereavement Café
Church Re-ordering Fund (Chairs)
Church Re-ordering Fund
Church Re-ordering Benefact Trust Fund
Organ Scholar Support Fund
Vicars Discretionary Fund		 Balance
Balance
01-Jan-24
Income
Expenditure
Transfers
31-Dec-24
£
£
£
£
£
36
-
(36)
-
-
298
-
-
298
25,000
73
-
-
25,073
25,000
73
-
-
25,073
4,380
12
-
-
4,392
500
750
(750)
-
500
597
-
-
-
597
55,811
908
(786)
-
55,933

The Bench Appeal Fund is to provide benches and sensory planting in our grounds as a lasting legacy of the Covid19 pandemic.

The Church Re-ordering Fund (Chairs) comprises a donation specifically given for the purchase of chairs to replace the pews in a church re-ordering project.

The Church Re-ordering Fund comprises a donation specifically to assist towards the funding of a new floor in the church, or to relocate the font, or to move the organ console to a new position, in a church re-ordering project.

The Restricted funds are represented by cash funds held by the PCC and are to be expended as specified above.

18

PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025

7. CASH AT BANK AND IN HAND

Cash at Bank and in Hand Unrestricted
Designated
Restricted
Total
Total
Funds
Funds
Funds
31-Dec-25
31-Dec-24
£
£
£
£
£
34,051
301,998
57,280
393,329
368,338
34,051
301,998
57,280
393,329
368,338

8. DEBTORS & PREPAYMENTS

Gift Aid Tax Recoverable
Payroll - HMRC credit balance held
Sequestration
St Stephens Hounslow (note 14)
Sundry Debtors		 Unrestricted
Designated
Restricted
Total
Total
Funds
Funds
Funds
31-Dec-25
31-Dec-24
£
£
£
£
£
-
-
-
-
4,266
-
-
-
-
152
-
-
-
-
811
288
-
-
288
288
3,183
-
-
3,183
2,636
3,471
-
-
3,471
8,153

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Deferred Income (note 9a)
HMRC PAYE and NI
Independent Examiners Fees
Sundry Creditors
Third Party Funds (note 14)		 Unrestricted
Designated
Restricted
Total
Total
Funds
Funds
Funds
31-Dec-25
31-Dec-24
£
£
£
£
£
888
-
-
888
1,708
504
-
-
504
-
1,110
-
-
1,110
1,110
3,575
-
-
3,575
1,388
65
-
-
65
1,848
6,142
-
-
6,142
6,054
9a) DEFERRED INCOME
£
Deferred income brought forward 1-Jan-25 1,708
Receipts in 2025 for 2026 888
Utilised in the year (1,708)
Deferred income as at 31-Dec-25 888

The deferred income represents deposits received in advance in 2025, for events in 2026.

10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR ONE YEAR

The PCC of St Philip & St James, Whitton held no long term liabilities during this or the previous financial year.

19

PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025

11. ANALYSIS OF NET ASSETS BY FUND

----- Start of picture text -----
Unrestricted Restricted Total Total
Fund Fund 31-Dec-25 31-Dec-24
£ £ £ £
Fixed Assets and Investments 465,000 - 465,000 465,000
Current Assets 333,378 57,280 390,658 370,437
798,378 57,280 855,658 835,437
12. STAFF COSTS AND NUMBERS
2025 2024
£ £
Gross Wages and Salaries 17,773 7,055
Employer's National Insurance Costs 375 375
Employers Allowance (375) (375)
Employer Pension Contributions 118 118
17,891 7,173
Employees who were engaged in each of the following activities:
2025 2024
Activities in furtherance of organisation's objects 1 1
----- End of picture text -----

The PCC operates a PAYE scheme to pay all employed members of staff and the organisation also engages the services of two self employed organists, who are responsible for their own reporting of tax and national insurance liability to HMRC. No employees received emoluments in excess of £60,000. (2024: None).

13. PAYMENTS TO PCC MEMBERS

The incumbent (also a Trustee) received working expenses totalling £991 (2024: total working expenses £9, SSH reimbursed £9 as shared costs) and the water rates and telephone expenses paid for the vicarage by the church totalled £782 (2024: £377). These expenses were necessarily incurred in connection with the incumbent's ministerial duties.

No other payments were paid to Trustees during the financial year (2024: One Trustee, £40)

Other payments to Related Parties were:

Name
P Croucher
S Cowling
F James		 Amount
Reason
Related to
£
1,080 Cleaning services (note 1 below)
Trustee M Croucher
143 Organ scholar (note 2 below)
Trustee G Cowling
98 Junior choir attendance
Trustee L James
1,321

Note 1: Trustee M Croucher resigned from the Board on 6th April 2025. Only related party payments relating to his period as a Trustee are disclosed below.

Note 2: S Cowling was appointed to the position of Organ Scholar in September 2022. Trustee G Cowling was co-opted to the Board in October 2023.

Apart from reimbursement of charitable expenditure such as reimbursement of minor items, mainly consumables, purchased on behalf of and with prior agreement of the PCC, no other payments were made to PCC Members or any persons connected with them during this financial period. No material transaction took place between the charity and a PCC Member or any person connected with them.

20

PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025

14. THIRD PARTY FUNDS AND COLLECTIONS FOR OTHERS

The PCC collected and paid out funds on behalf of other charities, individuals and organisations. The Trustees do not consider them to be PCC funds and confirm that the PCC was acting as a conduit. The closing balance is held in the PCC bank account and will be distributed as instructed.

Funds received and paid out were as follows:

LDBF Statutory Fees, Organist and Musicians
Whitton Foodbank
Collections for retiring Clergy leaving gifts
Persecuted Christians Collection
Vicar designate property costs		 01-Jan-25
31-Dec-25
Opening
Receipts
Expenditure
Closing
Balance
Balance
£
£
£
£
231
1,458
1,689
-
60
2,651
2,646
65
1,557
550
2,107
-
-
135
135
-
-
173
173
-
1,848
4,967
6,750
65

Funds paid out of behalf of St Stephens Hounslow, and subsequently reimbursed were as follows:

Balance brought forward as due to the PCC at 1 January 2025
Expenditure on shared expenses
Expenditure that can be directly attributed to St Stephens, Hounslow
Reimbursement received
Balance still to be reimbursed to the PCC at 31 December 2025		 2025
2024
£
£
288
1,688
-
654
320
860
(320)
(2,914)
288
288

15. OTHER RELATED PARTIES

The Whitton Charities (charity number 207098) currently has four Trustees, three of which are also Trustees of the Parochial Church Council of St Philip & St James, Whitton. Whitton Charities files its own accounts with the Charity Commission.

The Whitton Charities does not have a current account but has a reserve account with CCLA which, when opened over 20 years ago was inadvertently placed in the name of SS Philip and James PCC. Recent banking requirements in line with money laundering legislation has required the CCLA account to be updated with full details of all Trustees of SS Philip & James PCC. As the PCC also holds an investment account with CCLA (opened in 2024) this has resulted in the two charities being unavoidably associated in this way.

To avoid duplication, the financial results of Whitton Charities is not included in the PCC accounts, but for full transparency, the income, expenditure and balance sheet figures for Whitton Charities is disclosed below:

Income and Expenditure

Income
Expenditure
Net Income/(Expenditure)
Balance sheet
Fixed Assets
Current Assets
Creditors due within 1 year
Accruals and Deferred Income
Net assets		 31-Dec-25 31-Dec-24
£
£
200
224
-
-
200
224
31-Dec-25 31-Dec-24
£
£
-
-
4,622 4,422
-
-
-
-
4,622 4,422

21

PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JAMES, WHITTON

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31ST DECEMBER 2025

16. RISK ASSESSMENT

The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

17. RESERVES POLICY

The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.

18. PUBLIC BENEFIT

The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

22