## **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 

3 



## **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 

- ●to keep accounting records in accordance with section 130 of the Act; and 

- to prepare accounts which accord with the accounting records and to comply with the requirements of the Act, and the 

- Regulations have not been met; or 

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 

4 



## **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: 

- Regular public worship, open to all. 

- The provision of sacred space for personal prayer and contemplation. 

- Pastoral work, including visiting the sick and the bereaved. 

- Teaching of Christianity through sermons, courses and small groups 

- Taking of religious assemblies in schools. 

- Receiving visiting groups into church to talk about the building and its purpose. 

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. 

5 



## **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** 

- Inevitably, there are some members of our parish who are unable to attend church services due to sickness or infirmity and the incumbent has arranged home visits for these individuals during the year. 

- Home Communion visits continue to those who request it. 

- Our Bereavement Café was a great source of comfort to those who attended, up to August 2025 when the café was paused. As a follow on from the bereavement café, the monthly Space Café has become established as a firm favourite. Although the main aim of Space Café is to provide an afternoon of good company, refreshments and board games for people who are lonely, it is open to anyone who wants to spend an afternoon meeting people and enjoying each other’s company. 

## **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. 

6 



## **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** 

- Incumbent and PCC Chair– The Revd Kate O’Sullivan (from February 2025) 

- LLM - Mrs Sue Hodder-Hesling 

- LLM - Mr Peter Lee 

- LLM - Mrs Debby Johnson (from September 2025) 

- Warden– Mr Mark Croucher _(Trustee – until 6 April 2025)_ 

- Warden – Mrs Angela Bowman – Church Safeguarding Officer _(Trustee)_ 

- 

   - Warden _–_ Mr Gavin Cowling _(Trustee – from 6 April 2025)_ 

- Deanery Synod Representative - Mrs Rosemary Hodi _(Trustee)_ 

- Deanery Synod Representative - Mrs Madeleine Swann ( _Trustee_ ) 

- Deanery Synod Representative - Mr Colin Downey _(Trustee)_ 

## **Elected Members** 

- Mr Ian Clabon _(Trustee)_ 

- Mrs Jan Furze – Hon PCC Treasurer _(Trustee)_ 

- Mr Paul Guthrie _(Trustee)_ 

- Mrs Lucy James – Hon PCC Secretary and Electoral Roll Officer _(Trustee)_ 

- Mr Mark Johnson – Stewardship Recorder _(Trustee)_ 

- Mr Chris Penson – Hon PCC Clerk of Works _(Trustee)_ 

- Mr Chris Raymond _(Trustee)_ 

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

12 



## **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<br>Gift Aid Donations<br>Gift Aid Tax Recoverable<br>Legacies<br>**b) Other Trading Activities**<br>Church Hall & Room Letting<br>Fundraising Events<br>Parish Magazine Sales<br>Bank Interest<br>**d) Charitable Activities**<br>Statutory Fees (Weddings, Funerals)<br>**c) Investments**<br>**a) Donations & Legacies**|Unrestricted<br>Designated<br>Restricted<br>**TOTAL**<br>**TOTAL**<br>Funds<br>Funds<br>Funds<br>**2025**<br>**2024**<br>£<br>£<br>£<br>£<br>£<br>7,472<br>160<br>7,632<br>7,083<br>51,034<br>-<br>52<br>51,086<br>61,928<br>12,349<br>-<br>32<br>12,381<br>15,008<br>-<br>16,367<br>-<br>16,367<br>125,268<br>**70,855**<br>**16,367**<br>**244**<br>**87,466**<br>**209,287**<br>25,544<br>-<br>-<br>25,544<br>31,228<br>29,495<br>200<br>-<br>29,695<br>28,997<br>205<br>-<br>-<br>205<br>175<br>**55,244**<br>**200**<br>**-**<br>**55,444**<br>**60,400**<br>1,096<br>9,225<br>2,360<br>12,681<br>3,537<br>**1,096**<br>**9,225**<br>**2,360**<br>**12,681**<br>**3,537**<br>797<br>-<br>-<br>797<br>748<br>**797**<br>**-**<br>**-**<br>**797**<br>**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<br>Church Repairs & Maintenance<br>Church Running Costs<br>Church Upkeep<br>Cleaning Costs<br>Clergy & Staff Costs<br>Cost of Church Services<br>Diocesan Common Fund<br>Education & Training<br>Fairs & Fundraising Costs<br>Hall Repairs & Maintenance<br>Hall Running Costs<br>Organ Scholarship<br>Travel Expenses<br>Reimbursement of recharged shared expenses *<br>**a) Charitable Activities**|Unrestricted<br>Designated<br>Restricted<br>**TOTAL**<br>**TOTAL**<br>Funds<br>Funds<br>Funds<br>**2025**<br>**2024**<br>£<br>£<br>£<br>£<br>£<br>7,445<br>-<br>-<br>7,445<br>8,852<br>8,528<br>-<br>675<br>9,203<br>1,945<br>4,318<br>-<br>-<br>4,318<br>3,019<br>3,501<br>-<br>207<br>3,708<br>9,311<br>3,672<br>-<br>-<br>3,672<br>4,615<br>19,930<br>161<br>-<br>20,091<br>7,559<br>7,267<br>-<br>-<br>7,267<br>4,093<br>60,000<br>-<br>-<br>60,000<br>54,780<br>-<br>-<br>-<br>-<br>274<br>7,413<br>-<br>-<br>7,413<br>7,870<br>2,573<br>-<br>-<br>2,573<br>3,905<br>4,416<br>-<br>-<br>4,416<br>4,914<br>225<br>375<br>600<br>1,200<br>565<br>-<br>-<br>565<br>214<br>-<br>-<br>-<br>-<br>(655)<br>**129,628**<br>**386**<br>**1,257**<br>**131,271**<br>**111,896**|
|---|---|



* This is the reimbursement of shared expenses incurred on behalf of St Stephens Hounslow (the neighbouring parish), and includes the following: 

|Parish Administrator<br>Telephone<br>Administration<br>Vicars Expenses|2025<br>2024<br>£<br>£<br>-<br>248<br>-<br>47<br>-<br>351<br>-<br>9<br>-<br>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<br>2024<br>£<br>£<br>Invoiced to St Stephens Hounslow for shared and directly attributable costs<br>-                 1,514|
|---|
|Less Re-imbursement by St Stephens Hounslow of recharged shared expenses (see above)<br>-                  (655)|
|Note: The association with the parish of St Stephen Hounslow ceased at 30th June 2024.|
|Unrestricted<br>Designated<br>Restricted<br>**TOTAL**<br>**TOTAL**<br>Funds<br>Funds<br>Funds<br>**2025**<br>**2024**<br>£<br>£<br>£<br>£<br>£<br>**b) Governance Costs**|
|Independent Examiners Fees<br>1,110<br>-<br>-<br>1,110<br>1,110|
|Insurance Costs<br>3,786<br>-<br>-<br>3,786<br>3,710|
|**4,896**<br>**-**<br>**-**<br>**4,896**<br>**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<br>Children & Young People<br>Church Boiler Replacement<br>Clergy Retreats<br>Friends of St Philip and St James<br>Memorial Garden<br>Parish Hall Fund<br>Outreach<br>Reserve Contingency|**Balance**<br>**Balance**<br>**01-Jan-25**<br>Income<br>Expenditure<br>Transfers<br>**31-Dec-25**<br>£<br>£<br>£<br>£<br>£<br>210,574<br>25,592<br>-<br>-<br>236,166<br>3,103<br>-<br>(225)<br>-<br>2,878<br>30,000<br>-<br>-<br>-<br>30,000<br>384<br>-<br>-<br>-<br>384<br>-<br>-<br>-<br>-<br>-<br>1,000<br>-<br>-<br>-<br>1,000<br>465,000<br>-<br>-<br>-<br>465,000<br>1,336<br>200<br>(161)<br>-<br>1,375<br>30,195<br>-<br>-<br>-<br>30,195<br>**741,592**<br>**25,792**<br>**(386)**<br>**-**<br>**766,998**|
|---|---|



## **PREVIOUS FINANCIAL YEAR** 

|Building Fund<br>Children & Young People<br>Church Boiler Replacement<br>Clergy Retreats<br>Friends of St Philip and St James<br>Memorial Garden<br>Parish Hall Fund<br>Outreach<br>Reserve Contingency|**Balance**<br>**Balance**<br>**01-Jan-24**<br>Income<br>Expenditure<br>Transfers<br>**31-Dec-24**<br>£<br>£<br>£<br>£<br>£<br>85,696<br>124,878<br>-<br>-<br>210,574<br>3,776<br>-<br>(673)<br>-<br>3,103<br>20,000<br>-<br>-<br>10,000<br>30,000<br>384<br>-<br>-<br>-<br>384<br>527<br>-<br>527<br>-<br>-<br>-<br>-<br>1,000<br>-<br>-<br>1,000<br>465,000<br>-<br>-<br>-<br>465,000<br>1,116<br>220<br>-<br>-<br>1,336<br>30,000<br>195<br>-<br>-<br>30,195<br>**606,499**<br>**126,293**<br>**1,200**<br>**-**<br>**10,000**<br>**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<br>Bereavement Café<br>Church Re-ordering Fund (Chairs)<br>Church Re-ordering Fund<br>Church Re-ordering Benefact Trust Fund<br>Eco Church<br>Organ Scholar Support Fund<br>Vicars Discretionary Fund|**Balance**<br>**Balance**<br>**01-Jan-25**<br>Income<br>Expenditure<br>Transfers<br>**31-Dec-25**<br>£<br>£<br>£<br>£<br>£<br>-<br>-<br>-<br>-<br>-<br>298<br>-<br>-<br>298<br>25,073<br>1,085<br>-<br>-<br>26,158<br>25,073<br>1,085<br>-<br>-<br>26,158<br>4,392<br>190<br>(675)<br>-<br>3,907<br>-<br>244<br>(207)<br>37<br>500<br>-<br>(375)<br>-<br>125<br>597<br>-<br>-<br>-<br>597<br>**55,933**<br>**2,604**<br>**(1,257)**<br>**-**<br>**57,280**|
|---|---|



## **PREVIOUS FINANCIAL YEAR** 

|Bench Appeal<br>Bereavement Café<br>Church Re-ordering Fund (Chairs)<br>Church Re-ordering Fund<br>Church Re-ordering Benefact Trust Fund<br>Organ Scholar Support Fund<br>Vicars Discretionary Fund|**Balance**<br>**Balance**<br>**01-Jan-24**<br>Income<br>Expenditure<br>Transfers<br>**31-Dec-24**<br>£<br>£<br>£<br>£<br>£<br>36<br>-<br>(36)<br>-<br>-<br>298<br>-<br>-<br>298<br>25,000<br>73<br>-<br>-<br>25,073<br>25,000<br>73<br>-<br>-<br>25,073<br>4,380<br>12<br>-<br>-<br>4,392<br>500<br>750<br>(750)<br>-<br>500<br>597<br>-<br>-<br>-<br>597<br>**55,811**<br>**908**<br>**(786)**<br>**-**<br>**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<br>Designated<br>Restricted<br>**Total**<br>**Total**<br>Funds<br>Funds<br>Funds<br>**31-Dec-25**<br>**31-Dec-24**<br>£<br>£<br>£<br>**£**<br>**£**<br>34,051<br>301,998<br>57,280<br>393,329<br>368,338<br>**34,051**<br>**301,998**<br>**57,280**<br>**393,329**<br>**368,338**|
|---|---|



## **8. DEBTORS & PREPAYMENTS** 

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



## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|Deferred Income (note 9a)<br>HMRC PAYE and NI<br>Independent Examiners Fees<br>Sundry Creditors<br>Third Party Funds (note 14)|Unrestricted<br>Designated<br>Restricted<br>**Total**<br>**Total**<br>Funds<br>Funds<br>Funds<br>**31-Dec-25**<br>**31-Dec-24**<br>£<br>£<br>£<br>**£**<br>**£**<br>888<br>-<br>-<br>888<br>1,708<br>504<br>-<br>-<br>504<br>-<br>1,110<br>-<br>-<br>1,110<br>1,110<br>3,575<br>-<br>-<br>3,575<br>1,388<br>65<br>-<br>-<br>65<br>1,848<br>**6,142**<br>**-**<br>**-**<br>**6,142**<br>**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 -----**<br>
Unrestricted  Restricted Total Total<br>Fund Fund 31-Dec-25 31-Dec-24<br>£ £ £ £<br>Fixed Assets and Investments 465,000 - 465,000 465,000<br>Current Assets 333,378 57,280 390,658 370,437<br>798,378 57,280 855,658 835,437<br>12. STAFF COSTS AND NUMBERS<br>2025 2024<br>£ £<br>Gross Wages and Salaries 17,773 7,055<br>Employer's National Insurance Costs 375 375<br>Employers Allowance (375) (375)<br>Employer Pension Contributions 118 118<br>17,891 7,173<br>Employees who were engaged in each of the following activities:<br>2025 2024<br>Activities in furtherance of organisation's objects 1 1<br>**----- End of picture text -----**<br>


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<br>P Croucher<br>S Cowling<br>F James|Amount<br>Reason<br>Related to<br>£<br>1,080 Cleaning services (note 1 below)<br>Trustee M Croucher<br>143 Organ scholar (note 2 below)<br>Trustee G Cowling<br>98 Junior choir attendance<br>Trustee L James<br>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<br>Whitton Foodbank<br>Collections for retiring Clergy leaving gifts<br>Persecuted Christians Collection<br>Vicar designate property costs|01-Jan-25<br>31-Dec-25<br>Opening<br>Receipts<br>Expenditure<br>Closing<br>Balance<br>Balance<br>£<br>£<br>£<br>£<br>231<br>1,458<br>1,689<br>-<br>60<br>2,651<br>2,646<br>65<br>1,557<br>550<br>2,107<br>-<br>-<br>135<br>135<br>-<br>-<br>173<br>173<br>-<br>1,848<br>4,967<br>6,750<br>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<br>Expenditure on shared expenses<br>Expenditure that can be directly attributed to St Stephens, Hounslow<br>Reimbursement received<br>Balance still to be reimbursed to the PCC at 31 December 2025|2025<br>2024<br>£<br>£<br>288<br>1,688<br>-<br>654<br>320<br>860<br>(320)<br>(2,914)<br>288<br>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<br>Expenditure<br>Net Income/(Expenditure)<br>**Balance sheet**<br>Fixed Assets<br>Current Assets<br>Creditors due within 1 year<br>Accruals and Deferred Income<br>Net assets|31-Dec-25 31-Dec-24<br>£<br>£<br>200<br>224<br>-<br>-<br>200<br>224<br>31-Dec-25 31-Dec-24<br>£<br>£<br>-<br>-<br>4,622      4,422<br>-<br>-<br>-<br>-<br>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